Vous êtes sur la page 1sur 388

dm{fH$ [anmoQ>

2013-2014

ANNUAL REPORT
2013-2014

ANNUAL REPORT 2013-2014

dm{fH$ [anmoQ> 2013-2014


uwruxi
1. lOx

CONTENTS

2. mai M LM fsM

16

3. lSzM M UmO 2013-2014

17

mokl ucU-uqz u uzswh

1. NOTICE

2. PROGRESS AT A GLANCE
3. DIRECTORS REPORT 2013-2014

4
16
17

MANAGEMENT DISCUSSION AND ANALYSIS

18

18

CANARA BANK IN 2013-2014

24

MlU oM uw 2013-14 q

24

CHANGES IN THE BOARD OF DIRECTORS

70

lSzM qQs q mUuil

70

DIRECTORS RESPONSIBILITY STATEMENT

73

lSzM M Sriu uur

73

4. MUoU EUSriu UmO

4. BUSINESS RESPONSIBILITY REPORT

75

101
126

5. MmUO aullx mU lSzM qQs M UmO

101

6. AUDITORS CERTIFICATE ON CORPORATE


GOVERNANCE

6. MmUO aullx mU sZmUM M UmO

126

7. STANDALONE FINANCIAL STATEMENTS

7. LMs ur uuUh

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

xip 3 (oxs III) mMOl


lMS muW uuUh

129
132
133
134
142
144
153
198
236
334

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

AUDITORS REPORT

129

BALANCE SHEET

132

PROFIT AND LOSS ACCOUNT

133

SCHEDULES FORMING PART OF THE


BALANCE SHEET

134

SCHEDULES FORMING PART OF THE


PROFIT AND LOSS ACCOUNT

142

ACCOUNTING POLICIES

144

NOTES ON ACCOUNTS

153

PILLAR 3 (BASEL II) DISCLOSURES

198

PILLAR 3 (BASEL III) DISCLOSURES

237

CASH FLOW STATEMENT

334

8. CONSOLIDATED FINANCIAL STATEMENTS

8. xqMi ur uuUh

75

5. REPORT OF THE BOARD OF DIRECTORS ON


CORPORATE GOVERNANCE

337
340
341
342

379

10. lmaU (Qm) xu MlS M xc

380

11. Emxji mc xW muz mx

381

12. mYx Tq

383

AUDITORS REPORT

337

CONSOLIDATED BALANCE SHEET

340

CONSOLIDATED PROFIT AND LOSS ACCOUNT

341

SCHEDULES FORMING PART OF THE


CONSOLIDATED BALANCE SHEET

342

349
351
364
377

9. Akr u mok lSzM M zrUkUM M xokl

SCHEDULES FORMING PART OF THE


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

CONSOLIDATED CASH FLOW STATEMENT


9. CHAIRMAN & MANAGING DIRECTORS ADDRESS
TO SHARE HOLDERS

349
351
364
377
379

10. LIST OF DP SERVICE CENTRES

380

11. ATTENDANCE SLIP CUM ENTRY PASS

382

12. PROXY FORM

384

lOx

NOTICE

LiU lOx Sr ei W M MlU oM M zrUkUM M

Notice is hereby given that the Twelfth Annual General


Meeting of the Shareholders of Canara Bank will be
held on Monday, the 21st July, 2014 at 3.30 P.M. at
Auditorium-1, NIMHANS CONVENTION CENTRE, Hosur
Main Road, Hombegowda Nagar, Bangalore 560 029 ,
to transact the following business:

oUWu uwM xqlr oPM xquU, 21 esD 2014 M 3.30


oe xpaW 1, lqWx, Muxl xOU, WxU ql UQ, WqoaQ
laU, oasU 560 029 q Arei M eLa, exM Ezr
lqlMi MUoU M xcsl MUl W :
1.

1. To discuss, approve and adopt the Audited Balance


Sheet of the Bank as at 31st March 2014, Profit &
Loss account for the year ended 31st March 2014,
the Report of the Board of Directors on the working
and activities of the Bank for the period covered by
the Accounts and the Auditors Report on the Balance
Sheet and Accounts.

"rj 31 qc 2014 M oM M sZ mUi isl m, 31


qc 2014 M xqmi uw M sp u Wl sZ mU, isl m u
sZ mU sZ ij sZ mUM M UmO U muUi Auk
M sL oM M Mr u rMsm M xok q lSzM
qQs M UmO mU cc AlqSl u AaMi MUl"

2. ur uw 2013-14 M sL Aiq spz bwi MUl |

2. To declare final dividend for the financial year


2013-14.

3. lqlMi uzw xMsm mU ucU MUl AU rS Eci mr

3. To consider and if thought fit, to pass with or without


modifications the following special resolution:

ar i xzkl xWi r UWi Ex mUi MUl :

RESOLVED THAT pursuant to the provisions of the Banking


Companies (Acquisition and Transfer of Undertakings)
Act, 1970 (Act), The Nationalised Banks (Management
and Miscellaneous Provisions) Scheme, 1970 (Scheme)
and the Canara Bank (Shares and Meetings) Regulations,
2000 as amended from time to time and subject to the
approvals, consents, permissions and sanctions, if any,
of the Reserve Bank of India (RBI), the Government of
India (GOI), the Securities and Exchange Board of India
(SEBI), and/or any other authority as may be required
in this regard and subject to such terms, conditions and
modifications thereto as may be prescribed by them in
granting such approvals and which may be agreed to
by the Board of Directors of the Bank and subject to the
regulations viz., SEBI (Issue of Capital and Disclosure
Requirements) Regulations, 2009 (ICDR Regulations) as
amended up to date, guidelines, if any, prescribed by
the RBI, SEBI, notifications/circulars and clarifications
under the Banking Regulation Act, 1949, Securities and
Exchange Board of India Act, 1992 and all other applicable
laws and all other relevant authorities from time to time
and subject to the Listing Agreements entered into with
the Stock Exchanges where the equity shares of the Bank
are listed, consent of the shareholders of the Bank be and
is hereby accorded to the Board of Directors of the Bank
(hereinafter called the Board which shall be deemed

" xMsm Mr ei W M "oMa Mml (Emq M Ael


Lu AiUh) Aklrq 1970 (Aklrq), UrMi oM
(mokl AU uuk mukl) rel, 1970 (rel) AU
MlU oM (zrU Lu oPM) ulrqus 2000 M mukl
M AlxUh q ij pUir Ueu oM ("AU
"AU o AD "),
"
pUi xUMU ("e
"e A AD"),
AD" pUir mipi ulqr oQ
("x
"xo")
" AU/r Cx xok q Ami Alr Mx mkMUh
M AlqSl, xWqi AU qeU M Akl Lu Lx AlqSl
mSl MUl M sL ElM U lkUi Lx zi AU El mU
xzkl M Akl AU elx oM M lSzM qQs xWqi
W ij pUir Ueu oM, xo AU mxaM Alr xp
mkMUh U xqr xqr mU lkUi ulrq Aji xo
(me laql AU mMOMUh AmL) ulrqus, 2009
(AD x Q AU ulrqus)/SzlSz, rS MD W, M
Akl oMa ulrql Aklrq 1949, pUir mipi AU
ulqr oQ Aklrq 1992 AU xp Alr sa lrq ij
xp xo mkMU M Akl AkxclL / mUm AU
xmMUh ij El xOM LYxce M xj Mr ar xcMUh

MUU M Akl, eW oM M DYuO zrU M xcMUh Mr

to include any Committee which the Board may have


constituted or hereafter constitute to exercise its powers
including the powers conferred by this Resolution) to
create, offer, issue and allot (including with provision for
reservation on firm allotment and/or competitive basis
of such part of issue and for such categories of persons
as may be permitted by the law then applicable) by
way of an offer document / prospectus or such other
document, in India or abroad, such number of equity
shares and / or preference shares (whether cumulative or
not; convertible into equity shares or not) in accordance
with the guidelines framed by RBI from time to time,
specifying the class of preference shares, the extent of
issue of each class of such preference shares, whether
perpetual or redeemable and the terms & conditions
subject to which each class of preference shares may
be issued and / or other permitted securities which
are capable of being converted into equity or not, upto
such amount/s (as decided by the Board or Committee
of the Board of the Bank) which together with the
existing Paid-up Equity share capital of Rs. 461.26 crore
will be within Rs. 3000 Crore, being the ceiling in the
Authorised Capital of the Bank as per section 3 (2A) of
the Banking Companies (Acquisition and Transfer of
Undertakings) Act, 1970 or to the extent of enhanced
Authorised Capital as per the Amendment (if any ),
that may be made to the Act in future, in such a way
that the Central Government shall at all times hold not
less than 51% of the paid-up Equity capital of the Bank,
whether at a discount or premium to the market price,
in one or more tranches, including to one or more of the
members, employees of the Bank, Indian nationals, NonResident Indians (NRIs), Companies, private or public,
investment institutions, Societies, Trusts, Research
organisations, Qualified Institutional Buyers (QIBs) like
Foreign Institutional Investors (FIIs), Banks, Financial
Institutions, Indian Mutual Funds, Venture Capital
Funds, Foreign Venture Capital Investors, State Industrial
Development Corporations, Insurance Companies,
Provident Funds, Pension Funds, Development Financial
Institutions or other entities, authorities or any other
category of investors which are authorized to invest in
equity/preference shares/securities of the Bank as per
extant regulations/guidelines or any combination of the
above as may be deemed appropriate by the Bank.

ar W , LiS U oM M zrUkUM M xWqi, oM M


lSzM qQs (ex rW CxM oS "lSzM qQs" MW
eLa, ex Apur q, Cx xMsm U mS AkMU
xWi Aml AkMU M mra MUl Wi oQ U aPi M
ar r Aa M elus MD xqi p zqs W) M S
ei W M ( Czr M Lx Wxx M m/mixmk AkU mU
AU rj Alqi urr M hr M sL AUi MUl
M mukl xWi) mxiu M Sxiue / lrqus Aju
Lx Mx Alr Sxiue M eUL (pUir Ueu oM U
lqi SzlSz M AlxU xii r zkr r Azkr,
Lx Akql zrU M mirM ua M, Cx mMU M Akql
zrU M mirM ua M eU ML el M xq M AU
El zi Lu lokl elM Akl Akql zrU M mirM
ua eU ML e xMi W, M ulS MUi WL) e uiql
` 461.26 MUQ M cMi CYuO zrU me M xj oMa
Mml (Emq M AkaWh u AiUh ) Aklrq 1970 M
kU 3 (2L) M AlxU oM M lkUi mkMi me xq
` 3000 MUQ M piU Wa r Mx xzkl (rS MD W)
M AlxU mkMi me M xuki q iM ex puwr
q Cx mMU Aklrqi Mr e xMi W M MlS xUMU
M mx Wqz oM M cMi me 51% x Mq lW Wa,
exq LM r AkM xSxr, oM M MqcUr, pUir
"Ll AU AD"),M
AD" mlr, le
laUM, Alux pUir ("Ll
r xuelM, luz xxjA, xxCOr, lrx, Alxkl
xaPl, AW xxjai ZUSU("Yr AD o")
o" ex oM,
ur xxjL, pUir qrcrAs TQ, ucU MmOs TQ,
uSz ucU MmOs luzM, Uer AaM uMx laq,
oq Mmlr, puwr lkr, mlzl TQ, uMx ur
"LT AD AD ")
" r
xxjA, uSz xxjai luzM ("LT
Alr CMCr, mkMUh Aju qeS ulrq/SzlSz
M AlxU oM M DMuO zrU q luz MUl M sL
mkMi Mx Alr h M luzMiA r oM U Eci
xqf aL iUM x Clq x Mx M qh W, oeU qsr
mU o r mqrq xWi Wa

Aa xMsm Mr ei W M Lx Czr, mxiu r AoOl, AiU

RESOLVED FURTHER THAT such issue, offer or allotment


shall be by way of public issue, rights issue, Employee Stock
Purchase Scheme or Employee Stock Options Scheme,
Private Placement, with or without over-allotment option
and that such offer, issue, placement and allotment be
made as per the provisions of the Banking Companies
(Acquisition and Transfer of Undertakings) Act, 1970,
the SEBI (Issue of Capital and Disclosure Requirements)
Regulations, 2009 (ICDR Regulations) and all other
guidelines issued by the RBI, SEBI and any other authority
as applicable, and at such time or times in such manner
and on such terms and conditions as the Board may, in
its absolute discretion, think fit.

AoOl M uMsm xWi r UWi xuelM Czr, xkMU Czr,


MqcU xOM r rel r MqcU xOM uMsm rel,
Akql Czr AU/r le msxqO M eUL Wa AU Lx
mxiu, Czr, msxqO AU AoOl, oMa Mml (Emq M
Ael Lu AiUh) Aklrq 1970 M mukl, xo (me laql
AU mMOMUh AmL) ulrqus 2009 (AD x Q AU
ulrqus) Lu pUir Ueu oM, xo r Alr Mx rj
sa mkMUh U Lx xqr mU AU Lx iUM AU Lx zi
mU Mr eL e lSzM qQs Aml mU uuMkMU M iWi
Eci xqf |

RESOLVED FURTHER THAT the Board shall have the


authority to decide, at such price or prices in such
manner and where necessary, in consultation with
the lead managers and /or underwriters and /or other
advisors or otherwise on such terms and conditions
as the Board may, in its absolute discretion, decide in
terms of ICDR Regulations, other regulations and any
and all other applicable laws, rules, regulations and
guidelines, whether or not such investor(s) are existing
members of the Bank, at a price not less than the price
as determined in accordance with relevant provisions of
ICDR Regulations.

Aa xMsm Mr ei W M eW AuzrM W sQ mokM


AU / r WqSU AU Alr xsWMU x mUqz MUl M oS
r oQ M Lx zi u lokl M AlxU AD x Q AU
ulrqus, Alr lrqus M zi M AlxU AU Alr xp
sa lrq ulrqus AU SzlSz M Akl Lx luzM
e oM M uql xSxr W r l W M sL Aml xmh uuM
x qsr lkUi MUl M oU q lhr sl M AkMU oQ M
Wa e AD x Q AU lrqus M xo mukl M AlxU
lkUi qsr x Mq qsr l W |

RESOLVED FURTHER THAT in accordance with the


provisions of the Listing Agreements entered into with
relevant stock exchanges, the provisions of Banking
Companies (Acquisition and Transfer of Undertakings)
Act, 1970, the provisions of the Canara Bank (Shares
and Meetings) Regulations, 2000, the provisions of ICDR
Regulations, the provisions of the Foreign Exchange
Management Act, 1999 and the Foreign Exchange
Management (Transfer or Issue of Security by a Person
Resident Outside India) Regulations, 2000, and subject
to requisite approvals, consents, permissions and/
or sanctions of Securities and Exchange Board of
India (SEBI), Stock Exchanges, Reserve Bank of India
(RBI), Foreign Investment Promotion Board (FIPB),
Department of Industrial Policy and Promotion, Ministry
of Commerce (DIPP) and all other authorities as may
be required (hereinafter collectively referred to as the
Appropriate Authorities) and subject to such conditions
as may be prescribed by any of them while granting any
such approval, consent, permission, and/or sanction
(hereinafter referred to as the requisite approvals) the

Aa xMsm sr ei W M iixok xOM LYxce M xj


ML aL xcMUh M xqfi M mukl M AlxU, oMa
Mml (Emq M Ael Lu AiUh) Aklrq 1970, MlU
oM (zrU AU oPM) ulrqus 2000 M mukl, AD x
Q AU lrqus M mukl, uSz qS mokl Aklrq
1999 M mukl u uSz qS mokl (pUi M oWU lux
MUl us ur U mipi M AiUh r laq) ulrqus
2000 M mukl ij pUir mipi Lu ulqr oQ (xo),
xOM LYxce, pUir Ueu oM (AU.o.AD ), uSz luz
xukl oQ (LT AD m o), AaM li Lu xukl upa,
uher qsr (Q AD m m) Lu Cx xok q Ami Alr
xp mkMU (elW CxM oS x xqWM m x "xqci
mkMU " MW eLa ) M Ami AlqSl, xWqi, Alqi
AU r/ qeUr M Akl Lu Clq x Mx M p U Mx
p Lx AlqSl, xWqi, Alqi AU / r qeU (ex CxM
oS "Ami AlqSl" MW eLa) AS mSl MUi xqr Clq
x Mx M p U Cx mMU M lkUi zi M Akl oQ

Aml xmh uuMkMU M iWi LM r AkM Az q, xqrxqr mU Akm M NQMU CMuO zrU r Alr mipir
e oS M ij q CMuO zrU q mUuilr r CxM xj
ulqr rar W, Cx mMU eU, mxii r AoOi MU xMi
W M m xxjai lrel M AlxUh q ex M Yr AD o
AD x Q AU ulrqus M Akrr VIII M iWi uruxj W,
xjl lrel Sxiue AU / r Alr Mx Sxiue/msZ/
mUm/ml M qkrq x AU Cx iUM x AU Cx mMU qsr,
zi AU lokl ex M Ex xqr mU mcsi AD x Q
AU ulrqus r Mll M MlW mukl M AlxU lkUi
Mr ar W, m xxjai ZUSU (Yr AD m) (ex M AD
x Q AU ulrqus q mUpwi W) M isl q MS xUMU
Mx p xqr oM M DYuO me M 51% mizi x Mq
kUi l MUi W |

Board, may at its absolute discretion, issue, offer and


allot, from time to time in one or more tranches, equity
shares or any securities other than warrants, which are
convertible into or exchangeable with equity shares at a
later date, in such a way that the Central Government at
any time holds not less than 51% of the Equity Capital
of the Bank, to Qualified Institutional Buyers (QIBs) (as
defined in the ICDR Regulations) pursuant to a qualified
institutional placement (QIP), as provided for under
Chapter VIII of the ICDR Regulations, through a placement
document and / or such other documents / writings /
circulars / memoranda and in such manner and on such
price, terms and conditions as may be determined by the
Board in accordance with the ICDR Regulations or other
provisions of the law as may be prevailing at that time
RESOLVED FURTHER THAT in case of a qualified
institutional placement pursuant to Chapter VIII of the
ICDR Regulations

Aa xMsm sr ei W M m xxjai xjl lrel


M qqs q, AD x Q AU ulrqus M Akrr VIII M
AlxUh q
M)

m xxjai ZUSU M W mipir M AoOl Wa e


AD x Q AU ulrqus M Akrr VIII M Azr M
SrU q Wa AU Cx mMU M mipir mhimS Wa
AU Cx xMsm M ij x 12 qW M piU Cx mMU M
mipir M AoOl mU MU sr eLa |

Z)

oM AD x Q AU ulrq M ulrq 85(1) M mukl


M AlxUh q lqliq qsr M AkMiq mc mizi o
mU zrU mSl MUl M sL mkMi W |

a)

mipir M AkUi qsr lkUh M xoki ij AD


x Q AU ulrqus M AlxU Wa |

a) the allotment of Securities shall only be to Qualified


Institutional Buyers within the meaning of Chapter
VIII of the ICDR Regulations, such Securities shall be
fully paid-up and the allotment of such Securities
shall be completed within 12 months from the date
of this resolution.
b) The Bank is pursuant to proviso to Regulation 85(1)
of ICDR Regulations authorized to offer shares at a
discount of not more than five percent on the floor
price.
c) the relevant date for the determination of the floor
price of the securities shall be in accordance with the
ICDR Regulations.

Aa xMsm sr
sr ei W M Aml AlqSl, xWqi, Alqi Lu

RESOLVED FURTHER THAT the Board shall have the


authority and power to accept any modification in the
proposal as may be required or imposed by the GOI/
RBI/SEBI/Stock Exchanges where the shares of the Bank
are listed or such other appropriate authorities at the
time of according / granting their approvals, consents,
permissions and sanctions to issue, allotment and listing
thereof and as agreed to by the Board.

qeU mSl MUi xqr AU lSzM qQs U xWqi WL AlxU,


pUi xUMU/ pUir Ueu oM / xo / xOM LYxce eW
oM M zrU xco W r Alr xqci mkMUh U mxiu q
Ami r saL aL Mx xzkl M xuMU MUl M lSzM
qQs M mkMU Wa |
Aa xMsm Mr ei W M Alux pUir / uSz luzM
urr AU r Alr m uSz luzM M lL DYuO zrU /

RESOLVED FURTHER THAT the issue and allotment of


new equity shares/preference shares/securities if any,
to NRIs, FIIs and/or other eligible foreign investors be
subject to the approval of the RBI under the Foreign
Exchange Management Act, 1999 as may be applicable
but within the overall limits set forth under the Act.

Akqlr zrU / mipir M eU AU AoOi MUl, rS MD


W, uSz qS mokl Aklrq 1999 M iWi pUir Ueu oM
M AlqSl M Akl Wa e Aklrq M iWi lkUi xqa
xq M ASU Wa |

Aa xMsm Mr ei W M eU Mr elus E lL DYuO


zrU rj xzki MlU oM (zrU Lu oPM) ulrqus
theM Akl eU Mr eLa AU r oM M qeS DYuO
zrU M xj xp Sr x xql Wa AU bwh M xqr
mcsi xukM SzlSz M AlxU bwi Mr elus
Mx p spz M sL m Wa |

RESOLVED FURTHER THAT the said new equity shares to


be issued shall be subject to the Canara Bank (Shares and
Meetings) Regulations, 2000, as amended, and shall rank
in all respects pari passu with the existing equity shares
of the Bank and shall be entitled to dividend declared, if
any, in accordance with the statutory guidelines that are
in force at the time of such declaration.

Aa xMsm sr ei W M Mx laq M mpu oll M sL


r DYuO zrU /Akql zrU /mipir M AuOi MUl M
sL xuelM mxiu M zi lkUi MUl Wi exq luzM
M ua elW mipir AuOi M el W, mirM Zs q
AoOi ML el us zrU /mipir, laq qsr, laq mU
Mxi M Uz elW oQ Aml mh uuMkMU M iWi Eci
xqf Lu Cx mMU M Mr, qqs AU ce AU Lx usZ,
Sxiue u MUU lwmSi MUl ex u Aml mh uuMkMU
M iWi AuzrM, Eci r uNi xqf ij xuelM mxiu,
laq,AoOl AU laq x mmi Ar M Emra M xok q Mx
mMU M xus, MPlD r xSW e Eim Wi W AU Lx
Azkl, oSsu, piA,mUuil, EcNSl, xukl, xok
zi M mpu oll M sL e M uW Aml mh uuMkMU
M Akl xukM Wi q Emr AU xqci xqf, xSxr x
Aa ol Alr Mx AlqSl M Am M Cx xMsm M U
oM AU oQ M mS xp r Mx z M mra oQ U
Mr e xMi W |

RESOLVED FURTHER THAT for the purpose of giving effect


to any issue or allotment of equity shares/preference
shares/securities, the Board be and is hereby authorized
to determine the terms of the public offer, including
the class of investors to whom the securities are to be
allotted, the number of shares/securities to be allotted
in each tranche, issue price, premium amount on issue
as the Board in its absolute discretion deems fit and do
all such acts, deeds, matters and things and execute such
deeds, documents and agreements, as they may, in its
absolute discretion, deem necessary, proper or desirable,
and to settle or give instructions or directions for settling
any questions, difficulties or doubts that may arise in
regard to the public offer, issue, allotment and utilization
of the issue proceeds, and to accept and to give effect
to such modifications, changes, variations, alterations,
deletions, additions as regards the terms and conditions,
as it may, in its absolute discretion, deem fit and proper
in the best interest of the Bank, without requiring any
further approval of the members and that all or any of
the powers conferred on the Bank and the Board vide
this resolution may be exercised by the Board.

Aa xMsm sr ei W M oQ M Mx p sQ mokM/
oMU/ WqSU/ lmaU Lu Cx mMU M xp Lelxr x
e Cx mMU M CMuO/Akql zrU/mipir M mxiu
q zqs r xoki W, M xj Cx mMU M xqfi MUl
Lu CxM mh lwmSl M ij Cx mMU M xp xxjA Lu
Lexr M Mqzl, Sss, zsM r Alr Lx U mUqM
Sl ij Lx Lexr M xj Lx xp MUU, ml, Sxiue
AS lwmSi MUl M sL LiU mkMi Mr ei W |

RESOLVED FURTHER THAT the Board be and is


hereby authorized to enter into and execute all such
arrangements with any Book Runner(s), Lead Manager(s),
Banker(s), Underwriter(s), Depository(ies), Registrar(s),
Auditor(s) and all such agencies as may be involved or
concerned in such offering of equity / preference shares/
securities and to remunerate all such institutions and
agencies by way of commission, brokerage, fees or the like
and also to enter into and execute all such arrangements,
agreements, memoranda, documents, etc., with such
agencies.

Aa xMsm sr ei W M Emr M mpu oll M sL


lSzM qQs M, oM U lr sQ mokM, WqSU, xsWMU
AU/r Alr urr M xj mUqz MUM, el luzM M
zrU AoOi Mr el W ElM ua, mirM Zs q AoOi
Mr elus zrU, laq qsr (rS MD W i, mqrq xWi),
AMi qsr, laq mU Mxi M Uz/mipir M miUh/
Akm M mra/mipir M zkl, ore M SU, zkl
Auk, DYuO zrU/Akql zrU r mipir M miUh r
zkl r lUxl M oS Alr mipir, laq M qsr, Mxi

RESOLVED FURTHER THAT for the purpose of giving effect


to the above, the Board, in consultation with the Lead
Managers, Underwriters, Advisors and/or other persons
as appointed by the Bank, be and is hereby authorized to
determine the form and terms of the issue(s), including
the class of investors to whom the shares/securities are
to be allotted, number of shares/securities to be allotted
in each tranche, issue price (including premium, if any),

r o/mipir M miUh, ore M SU, miUh M Auk,


UMQ iUZ r oW xqml ij xoki qqs, pUi q LM r
AlM xOM mU o, UMQ iUZ r oW xqml ij xoki
qqs, pUi q LM r AlM xOM LYxce q xcMUh xWi
lSzM qQs Aml mh uuMkMU M iWi ex Eci xqf,
Czr M xum Lu zi M lkUi MUl M sL LiU mkMi
Mr ei W |

face value, premium amount on issue/conversion of


Securities/exercise of warrants/redemption of Securities,
rate of interest, redemption period, number of equity
shares/preference shares or other securities upon
conversion or redemption or cancellation of the Securities,
the price, premium or discount on issue/conversion of
Securities, rate of interest, period of conversion, fixing
of record date or book closure and related or incidental
matters, listings on one or more stock exchanges in India
and/or abroad, as the Board in its absolute discretion
deems fit.

Aa xMsm Mr ei W M ApSl l ML aL Lx zrU/


mipir M, lSzM qQs U Aml xmh uuMkMU M
Akl Lx iUM x lmOl Mr eLa, e uW Eci xqf AU
uk U Alqi W |

RESOLVED FURTHER THAT such of these shares /


securities as are not subscribed may be disposed off by
the Board in its absolute discretion in such manner, as
the Board may deem fit and as permissible by law.

Aa xMsm Mr ei W M Cx xMsm M mpu oll M sL


lSzM qQs M Lx xp Mr, qqs AU ce MUl , elW u
AuzrM, Eci Lu uNlr xqf AU DYuO zrU/mipir
M eU MUl M xok q Eim Wlus Mx p mzl, M r
zM M xqkl MUl M sL W AU Aa Lx xp Mr, qqs
AU ce MUl ij Lx xp msZ Lu sZi M Aiq m Sl
AU lwmSi MUl M sL mkMi Mr ei W, e zrUkUM
M AiU xWqi Aju AlqSl qa oaU ElM uuMkMU
M iWi eU, uNi Lu Alur xqf Aju Cx Azr x
ElM mkMi Mr ei W M Cx xMsm M mkMU U xm
m x Apur AlxU zrUkUM l Aml AlqSl S Sr W,
Lx ql eLa |

RESOLVED FURTHER THAT for the purpose of giving


effect to this Resolution, the Board be and is hereby
authorised to do all such acts, deeds, matters and things
as it may in its absolute discretion deems necessary,
proper and desirable and to settle any question, difficulty
or doubt that may arise in regard to the issue of the
shares/securities and further to do all such acts, deeds,
matters and things, finalise and execute all documents
and writings as may be necessary, desirable or expedient
as it may in its absolute discretion deem fit, proper or
desirable without being required to seek any further
consent or approval of the shareholders or authorise
to the end and intent, that the shareholders shall be
deemed to have given their approval thereto expressly by
the authority of the Resolution.

Aa xMsm Mr ei W M lSzM qQs M, E xMsm


M mpu oll M sL CxM eUL Sr ar xp r Mx p

RESOLVED FURTHER THAT the Board be and is hereby


authorized to delegate all or any of the powers herein
conferred to the Chairman and Managing Director or to
the Executive Director/(s) or to Committee of Directors to
give effect to the aforesaid Resolutions.

AkMU M oM M Akr u mok lSzM Aju MrmsM


lSzM/M M xqi M mirrei MUl M sL LiU mkMi
Mr ei W |
lSzM qQs M ASz M U

By Order of the Board of Directors

AU M So

R K DUBEY

Akr u mok lSzM

CHAIRMAN AND MANAGING DIRECTOR

xjl : oasU
SlM: 04.06.2014

Place : Bengaluru
Date : 04-06-2014

Ommhr

NOTES

1. urZriqM uur :

1. EXPLANATORY STATEMENT:
The Explanatory Statement setting out the material
facts in respect of Item No. 3 of the Notice regarding
Raising of Paid up Capital is annexed below.

mS me eOl AU lSzM M clu M xok q lOx


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

2. APPOINTMENT OF PROXY:

2. milk M lr :

A SHAREHOLDER ENTITLED TO ATTEND AND VOTE AT


THE MEETING IS ENTITLED TO APPOINT A PROXY TO
ATTEND AND VOTE INSTEAD OF HIMSELF AND SUCH
PROXY NEED NOT BE A SHAREHOLDER OF THE BANK.
The Proxy Form in order to be effective must be
lodged at the Head Office of the Bank, at least Four
days before the date of the Annual General Meeting
i.e. on or before the closing hours of the Bank on
Wednesday, the 16th July, 2014.

oPM q pa sl u qiSl M AkMU UZlus zrUkUM


M Aml xjl mU oPM q pa sl u qiSl MUl Wi
milk M lr MUl M AkMU W AU Lx milk
oM M zrUkUM Wl AuzrM lW W | milkiu Tq
M mpu Wl M sL Ex uwM Aq oPM M iUZ M
xqmi x Mq x Mq 4 Sl mWs Aji 16 esD 2014
M r Exx mWs oM M mkl Mrsr q eq / Se Mr
eL |

3. APPOINTMENT OF AN AUTHORISED REPRESENTATIVE:

3. mkMi milk M lr :

No person shall be entitled to attend or vote at


the meeting as a duly authorized representative
of a company or any other Body Corporate which
is a shareholder of the Bank, unless a copy of the
Resolution appointing him/her as a duly authorized
representative, certified to be true copy by the
Chairman of the meeting at which it was passed,
shall have been deposited at the Head Office of the
Bank at least four days before the date of the Annual
General Meeting, i.e. on or before the closing hours
of the Bank on Wednesday, the 16th July, 2014.

oM M zrUkUM Mml r Alr Mx p MmUO lMr


M ukui mkMi milk M m q oPM q pa sl u
qi Sl M AkMU Mx ur M Mus ip Wa eo Ex
ukui m x mkMi milk M m q lr MUlus
xMsm M mi, ex oPM q u xMsm mUi Mr ar j
ExM Akr U mqhMi xir mism M m q, oPM
M iUZ x Mq x Mq cU Sl mWs Aji 16 esD,
2014 M r uW Sl xqmi Wl x mWs oM M mkl
Mrsr q Se M ei W |
4. meMUh :

4. REGISTRATION :
In order to facilitate the shareholders attending the
meeting, Registration process will commence from
2.30 p.m. on Monday, the 21st July, 2014 at the
venue. Shareholders are requested to be present
for the meeting well in advance, to complete the
Registration formalities.

oPM q pa s UW zrUkUM M xuk M sL meMUh


mMr oPM xjl q SlM 21 esD 2014 M AmU
02.30 oe x z Wa | zrUkUM x AlUk W M
meMUh AmcUMiL mU MUl M sL oPM q xqr x
mu Emxji UW |
5. Emxji mc :

5. ATTENDANCE SLIP:

zrUkUM M xuk M sL Emxji mc - xW mu


mx M Cx lOx M xj xsal Mr ar W | zrUkUM/
milkiukUM / mkMi milkr x AlUk W M u

For the convenience of the shareholders,


attendance slip-cum-entry pass is annexed to
this notice. Shareholders/Proxy Holders/Authorised
Representatives are requested to fill in, affix their

Cx pU u Exq Emsok MUL aL xjl mU Aml WxiU

10

MU u Ex EmU xjl mU mxii MU | zrUkUM M

signatures at the space provided therein, and


surrender the same at the venue. Proxy/Authorised
Representative of a shareholder should state
on the attendance slip as Proxy or Authorised
Representative as the case may be. Shareholders /
Proxy holders / Authorised Representatives may
note that the admission to the meeting will be
subject to verification / checks, as may be deemed
necessary and they are advised to carry valid proof
of identity viz., Voters ID Card / Employer Identity
Card / Pan Card / Passport / Driving license etc. Entry
to the venue will be permitted only on the basis of
valid Attendance Slip-cum-Entry Pass.

milk / mkMi milk mU "milk" r " mkMi


milk" ex p qqs W ExM EssZ Emxji mc q
MU | zrUkUM / mYxkUM / mkMi milk lO MU M
oPM q muz, eW AuzrM W, xirml / ec M Akl
Wa AU ElW xcl S ei W M u Aml xj mWcl M
qlr xo]Ul :
oM M zrUkUM M UexOU ij zrU AiUh oWr M
uwM xqlr oPM ij oM U bwi clu q pa sl
Lu spz M mmi M WMSU zrUkUM M lkUh MUl
Wi 5 esD 2014 x 21 esD 2014 iM (Sl Sl
xWi) oS UZ eLa |

6. COMMUNICATION WITH THE SHARE TRANSFER


AGENTS:

6. zrU AiUhMi LeO M xj xmM :

Shareholders holding shares in physical form are


requested to intimate changes, if any, in their
Registered Addresses, to the Share Transfer Agents of
the Bank at the following address:

piM m q zrU M kUh MUl us zrUkUM x AlUk


W M rS ElM meMi mi q MD mUuil W i u
ExM xcl oM M zrU AiUhMi LeO M lqlMi mi
mU S |

Karvy Computershare Pvt. Ltd

Mu MmrOUzrU mCuO sqOQ

Unit : Canara Bank, Plot No. 17-24, Vittal Rao Nagar

rlO : MlU oM, msO xZr 17-24, us Uu laU,

Madhapur, HYDERABAD 500 081

qkmU , WSU
UoSoS- 500 081

Further, the shareholders are advised to inform/


register their e-mail IDs either to the Share Transfer
Agents (at the above address) or to the Bank at
hosecretarial@canarabank.com

Aa, zrUkUM M xci Mr ei W M u Aml


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

Shareholders holding shares in dematerialised form


are requested to intimate the aforesaid changes /
e-mail IDs only to their depository participants.

upiM m q zrU M kUh MUl us zrUkUM x


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

7. CLOSURE OF BOOKS:

7. oWr M oS MUl :

The Register of shareholders and the share transfer


books of the Bank will remain closed from Saturday,
the 5th July, 2014 to the Monday, the 21st July, 2014
(both days inclusive) in connection with the Annual
General Meeting and for the purpose of ascertaining
shareholders entitled to receive the dividend,
declared by the Bank.

oM M zrUkUM M UexOU ij zrU AiUh oWr M


uwM xqlr oPM ij oM U bwi clu q pa
sl Lu spz M mmi M WMSU zrUkUM M lkUh
MUl Wi 5 esD 2014 x 21 esD 2014 iM (Sl Sl
xWi) oS UZ eLa |
8. spz M pail :

8. PAYMENT OF DIVIDEND:

oQ l mWs W bwi/ eluU 2014 q mS `6.50 mi

The Board has recommended a Final Dividend of

11

CYuO zrU (65%) M AiUq spz M xj mU uw M

` 4.50 per equity share (45%) for the year 2013-14,


taking the full years dividend to `11/- per equity
share (110%) including an interim dividend of
` 6.50 per equity share (65 %) already declared /
paid in January, 2014. It has been decided to pay the
dividend to the Shareholders whose names appear
on the Register of Shareholders / Beneficial owners
as furnished by NSDL/CDSL as on Friday, the 04th July,
2014 and the Dividend Warrants shall be dispatched/
Dividend amount credited within 30 days from the
date of the Annual General Meeting.

sL `11 mi CYuO zrU (110%) M spz M si WL


uw 2013-14 M sL mi DYuO zrU `4.50 M spz
(45%) M Alzx M W | El zrUkUM M spz
M pail MUl M lhr sr ar W elM lq
zrUkUM M UexOU r rj zuU, 4 esD 2014
M LlLxQLs / xQLxLs U mxii spj xuq
UexOU q W AU Ex uwM Aq oPM M iUZ x 30
Sl M piU pe/ spz Uz M eq Mr eLa |

9. CONSOLIDATION OF FOLIOS:

9. Tsr M xqMl :

The shareholders who are holding shares in identical


order of names in more than one account are
requested to intimate M/s Karvy Computershare
Pvt. Ltd, the ledger folio of such accounts together
with the share certificates to enable the Bank to
consolidate all the holdings into one account. The
share certificates will be returned to the Shareholders
after making necessary endorsement in due course.

El zrUkUM x, e lq M xqm q q LM x AkM


Zi q zrU UZi W, AlUk W M Mu MmrOUzrU mCuO
sqOQ M El Zi M Zi oW M oU q xci MU,
xj q zrU mqhm p S iM oM U xp kUh M LM
Zi q xqMl Mr e xM| AuzrM mMl MUl M oS
xSxr M rjxqr zrU mqhm umx ML eLa |

10. UNCLAIMED DIVIDEND, IF ANY


10. ASu spz, rS MD W i

The shareholders who have not encashed their


Dividend Warrants / received dividend of previous
periods ie., for the years from 2006-07 to 2013-14
(Interim), are requested to contact the Share Transfer
Agent of the Bank for revalidation / issue of duplicate
dividend warrants.

el zrUkUM l Aml spz uUO M lMSMUh


lW Mr W / mNs Aukr rl M uw 2006-07 x
2013-14 M spz mmi lW Mr W Elx AlUk W M
u mlqsrMl / QmsMO spz uUO eU MUl M xok
q oM M zrU AiUh LeO x xmM MU |

The Bank has posted the details of the Unclaimed/


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

oM l zrU AiUhMi LeO / r oM M xj hosecretarial@


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

As per Section 10B of the Banking Companies


(Acquisitions and Transfer of Undertakings) Act,
1970, the amount of dividend remaining unpaid
or unclaimed for a period of seven years is required
to be transferred to the Investor Education and
Protection Fund (IEPF) established by the Central
Govt. under section 205C/125 of the Companies Act,
1956/2013. The Bank is in the process of transferring
the Unclaimed / Unpaid Dividends for the years from
2002-03 to 2005-06 to the said fund.

oMa Mml (Emq M Ael Lu AiUh) Aklrq, 1970


q Aiu kU 10o M AlxU xi xs x pail l Mr
ar r Su l Mr ar spz M UMq M Mml Aklrq,
1956 M kU 205x/125 M Aiai xjmi luzM z
Lu xUh lk (ADDmLT) q xjliUi Mr el cWL|
oM uw 2002-03 x 2005-06 M sL Su l ML aL /
AmS spz M AiUh M mr q W |

12

M Um
UmO :
11. uwM

11. ANNUAL REPORT:


Shareholders / Proxy holders / Authorized
Representatives are requested to bring their copies
of the Annual Report to the Annual General Meeting.
Please note that the full copy of the Annual Report
is uploaded on the website of the Bank (www.
canarabank.com). Shareholders may download the
readable version of the same from the website.

zrUkUM / milkiukUM / mkMi milkr x AlUk


W M u uwM Aq oPM q Ai xqr uwM UmO M
Aml mir s AL | Mmr lO MU M uwM UmO M
mh mi oM M uoxCO (www.canarabank.com) mU
AmsQ M aD W | zUrkUM ExM mPlr uzl uoxCO
x QElsQ MU xMi W |

12. VOTING RIGHTS OF SHAREHOLDERS:

12. zrUkUM M qiSl AkMU :

In terms of the provisions of Section 3 (2E) of The


Banking Companies (Acquisition and Transfer of
Undertakings) Act, 1970 , no shareholder of the Bank,
other than the Central Government shall be entitled
to exercise voting rights in respect of any shares held
by him / her in excess of ten per cent of the total
voting rights of all the shareholders of the Bank.

oMa Mml (Emq M Ael Lu AiUh) Aklrq 1970


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

13. e-VOTING:

13. D-uOa :

The Bank is pleased to provide e-Voting facility to the


shareholders of the Bank to enable them to cast their
votes electronically on the items mentioned in the
notice. A separate communication / Notice is being
sent to all the shareholders to enable them to cast
their votes through e-Voting.

oM M mxi W M uW oM M zrUkUM M lOx


q SL aL qS mU Aml qiSl CsYOlM m x MUl
q xq oll M sL D-uOa xuk Emsok MU UW
W | D-uOa M qkrq x qiSl MUl M xok q xp
zrUkUM M LM Asa xxcl/lOx pe e UW W |

14. POLL AT THE MEETING:

14. oPM q qiSl :

After all the agenda items have been discussed,


the Chairman will order Poll in respect of all the
items. Poll will be conducted and supervised under
Scrutinizers to be appointed for the purpose. After
conclusion of the Poll, the Chairman may declare the
meeting as closed. The Results of the Poll aggregated
with the Results of e-Voting will be announced by the
Bank on its Website and also informed to the Stock
Exchanges.

Mrxc M xp qS mU cc Wl M oS Akr xp qS
M sL qiSl MUl M ASz Sa | Cx Ezr M sL lr
ML aL ecMiA U qiSl M Arel u mruh
Mr eLa | qiSl M lie M oS Akr oPM M
xqmi bwi MUa | D-uOa M lie M xj qiSl M
lie M bwh oM U ExM uoxCO mU M eLa ij
xOM LYxce M p xci Mr eLa |

EXPLANATORY STATEMENT IN RESPECT OF THE BUSINESS


MENTIONED AGAINST ITEM NO. 3 OF THE NOTICE:

lOx M qS xZr 3 q EssZi MUoU M xok q urZriqM


uur :

1. The current Equity Capital of the Bank is `461.26


Crore and the Capital Adequacy Ratio of the Bank as
on March 31, 2014 is 10.63 %, which is well above the
9% stipulated by the Reserve Bank of India. However,
in view of certain expansion plans of the Bank, the
implementation of BASEL III norms and consequent
capital charge, there is a need to increase the capital
to further strengthen the Capital Adequacy Ratio.

1. oM M cs CYuO me ` 461.26 W ij rj 31 03
2014 M oM M me mrmii Almi 10.63 % W AU
pUir Ueu oM U lkUi 9% M isl q MT AcN
W | ijm uxiU MUl M oM M MN relA AU
oxs II qlSQ Mrlurl AU mUhqxum me mpU
M AsM q me mrmii Almi M AU p oRl M
eUi W |

13

2. Alqli u M AkU mU WqU lSzM l me oRl AU


oM M xqlr MUoU Ezr M sL me M Cxiqs ML
el M lhr sr W |

2. Based on the growth estimates your Directors have


decided to raise capital and the enhanced capital will
be utilized for the general business purposes of the
Bank.

3. oMa Mml (Emq M Ael Lu AiUh) Aklrq 1970


M kU 3 (2o) (x) M AlxU cMi me oRl M sL
pUi xUMU, u qsr x Ami mulql mmi MUa |

3. The Bank in terms of Section 3(2B)(c) of the Banking


Companies (Acquisition and Transfer of Undertaking)
Act, 1970, will obtain requisite approval of
Government of India, Ministry of Finance and Reserve
Bank of India for increasing the paid up capital of the
Bank.

4. xcMUh MUUlq M kU 23 M Em kU (M) q mukl


W M oM U Aa eo Mp MD mxiu r laq Mr
ei W, rS zrUkUM xqlr oPM q Alrj lhr l s,
Ex rjlmi qeS zrUkUM M Emsok MUr eL | E
xMsm rS mUi W ei W i oM M AU x lSzM qQs
M qeS zrUkUM M rjlmi AkU mU laq M Asu
p mipi eU AU AoOi MUl Sr eLa |

4. Sub-Clause (a) of Clause 23 of Listing Agreement


provides that whenever any further issue or offer is
being made by the Bank, the existing shareholders
should be offered the same on pro rata basis unless
the shareholders in the general meeting decide
otherwise. The said resolution, if passed, shall have
the effect of allowing the Board on behalf of the Bank
to issue and allot the securities otherwise than on
pro-rata basis to the existing shareholders.

5. rW xMsm, xuelM Czr, xkMU Czr, MqcU xOM


r rel (DLxmLx)/DLxAm U DYuO zrU/Akql
zrU/mipir mSl MUl, eU MUl Lu AoOi MUl M
sL oM M xqj olLa | Czr M Aaq Uz x oM
xqr xqr mU pUir Ueu oM U ulS AlxU me
mrmii xok Aml AmA M mU MU mLa |

5. The Resolution seeks to enable the Bank to create,


offer, issue and allot equity shares/preference
shares/securities by way of Follow on Public offer,
Rights Issue, Employee Stock Purchase Scheme
(ESPS)/ESOP. The issue proceeds will enable the Bank
to strengthen its Capital Adequacy Requirements as
specified by RBI from time to time.

6. rW xMsm,AD x Q AU ulrqus q mUpwi AlxU


AW xxjai ZUSU M rW AW xxjai msxqlO MUl
M sL lSzM qQs M AkMU Si W | lSzM qQs
Aml uuMkMU M Akl zrUkUM x lr AlqSl
mmi Mr oaU oM M sL lkr eOl Wi AD x Q
AU ulrqus M Akrr VIII q lkUi i M p Aml
xMi W |

6. The Resolution further seeks to empower the Board


of Directors to undertake a qualified institutional
placement with qualified institutional buyers as
defined by ICDR Regulations. The Board of Directors
may in their discretion adopt this mechanism as
prescribed under Chapter VIII of the ICDR Regulations
for raising funds for the Bank, without seeking fresh
approval from the shareholders.
In case of a QIP issue in terms of Chapter VIII of
ICDR Regulations, issue of securities, on QIP basis,
can be made at a price not less than the average
of the weekly high and low of the closing prices of
the shares quoted on a stock exchange during the
two weeks preceding the Relevant Date. Relevant
Date shall mean the date of the meeting in which
the Board or Committee of the Bank decides to open
the QIP Issue.

AD x Q AU ulrq M Akrr VIII M AlxU Yr AD


m AkU mU mipir M laql "xo ij" M muui
S Wni M SUl xOM LYxcle q MO Mr ar zWU M
xmiWM E AU lql Axi SU x Mq lW Wl us
SU mU Mr e xMiW | "xo ij" Aj m A AD m
laq mU oQ r xqi M oPM Arei ij Wa|
7. AW xxjai ZUSU ("Yr AD o") M xj AW xxjai

7. The approval of the General Body at the 9th Annual


General Meeting of the bank for raising capital
under various options including QIPs with QIBs was
obtained. As per the guidelines, the validity of the
resolutions is restricted to one year for such QIPs.

lreM (YrADm) xWi up uMsm M iWi me


eOl M sL oM M 9u uwM xqlr oPM q xqlr
xp M AlqSl mmi Mr ar | SzlSz M AlxU Lx
AW xxjai lreM (YrADm) M sL xMsm M uki

14

LM uw iM xqi UWa | cM oM l rW laq mNs uw


M SUl eU Mr W, xqlr oPM M AlqSl SoU qa
ei W |

Keeping in view the future requirements (as denoted


in para 1 above), the approval of the General Body is
sought once again.

8. mxiu M uxii zi M xsWMU, sQ mokM AU


WqSU Lu Lx Ami Alr mkMU Aju mkMUr
M xj mUqz MUM oeU M mcsi xji Lu Alr
ulrqM AmA mU ucU MUi WL lkUi Mr eLa

8. The detailed terms and conditions for the offer will be


determined in consultation with the Advisors, Lead
Managers and Underwriters and such other authority
or authorities as may be required, considering the
prevailing market conditions and other regulatory
requirements.

9. cM mxiu M qsrlkUh oS q Mp p Mr e
xMi W, eU Mr elus zrU M qsr oil xpu
lW W | Mi uW, xqr xqr mU rj xzki AD x
Q AU ulrqus, oMa Mml (Emq M Ael u
AiUh) Aklrq 1970 AU MlU oM (zrU Lu oPM)
ulrqus 2000 Aju Alr Mx SzlSz/ulrq/
xWqi M mukl M AlxU Wa eM sa W Aju
Ami W |

9. As the pricing of the offering cannot be decided


except at a later stage, it is not possible to state
the price of shares to be issued. However, the
same would be in accordance with the provisions
of the ICDR Regulations, the Banking Companies
(Acquisition and Transfer of Undertakings) Act,
1970 and the Canara Bank (Shares and Meetings)
Regulations, 2000 as amended from time to time or
any other guidelines/regulations/consents as may be
applicable or required.

10. E MUh x, Czr M zi M Aiq m Sl M sL


lSzM qQs M mrmi scsml Lu lhrkMU mSl
MUl M sL xqj oll Wi LM xMsm mUi MUl M
mxiu Mr ei W |

10. For reasons aforesaid, an enabling resolution is


therefore proposed to be passed to give adequate
flexibility and discretion to the Board to finalise the
terms of the issue.

11. eU Mr ar DYuO zrU xp Sr x oM M qeS


DYuO zrU M xqisr Wa|

11. The equity shares allotted, shall rank pari passu in all
respects with the existing equity shares of the Bank.

CxM sL oM M uzw xMsm M m q zrUkUM M xWqi


mmi MUl Wi W| Ai: Emr mxiu M sL AmM xWqi M
sL AlUk Mr ei W |

For this purpose the Bank is required to obtain the consent


of the shareholders by means of a special resolution.
Hence your consent is requested for the above proposal.

lSzM qQs lOx q Mji AlxU uzw xMsm M mUi


MUl M sL xTUz MUi W |

The Board of Directors recommends passing of the


Special Resolutions as mentioned in the notice.

oM q ElM zrUkUh M WS M mU oM M MD p lSzM

None of the Directors of the Bank is interested or


concerned in the aforementioned Resolution(s), except
to the extent of their shareholding, if any in the Bank.

Emr mxiu q Wi lW UZi |

lSzM qQs M ASz M U

By Order of the Board of Directors

Ueu MzU So

R. K. DUBEY

Akr u mok lSzM

Chairman and Managing Director

xjl : oasU

Place : Bangalore

SlM : 04-06-2014

Date : 04-06-2014

15

mai M fsM / PROGRESS AT A GLANCE

(Uz ` MUQ / Amt. ` Crore)

2011-12

2012-13

2013-14

mS me / Paid-up Capital
443
AUi lkr / Reserves
22247
Ms eqL / Aggregate Deposits
327054
u (%) / Growth (%)
11.46
Alux eqL / Non-Resident Deposits
13762
uSz MUoU / Foreign Business Turnover
144662
Aaq (lus) / Advances (Net)
232490
u (%) / Growth (%)
10.04
ZSU Aaq / Retail Advances
24782
mjqMi Aaq / Priority Sector Advances
67383
Mw / Agriculture
31946
Mw (xuiUh) / Agriculture(Disbursal)
27327
xq, sb u qkrq Eq / Micro, Small and Medium Enterprises
34893
Q AU AD rel M iWi Aaq / Advances under DRI Scheme
58
Ae / Aee aWM M Aaq / Advances to SC/ST Clients
4293
lri xZ / Export Credit
10382
Ms Ar / Total Income
33778
Ms urr / Total Expenditure
27835
mUcsl sp / Operating Profit
5943
lus sp / Net Profit
3283
zZA M xZr / Number of Branches
3600
LOLq M xZr / Number of ATMs
2858
aWM AkU (MUQ q) / Clientele (In Crore)
4.20
Ms MqcUr M xZr / Total Number of Staff
42272
mUp x aPi xur xWri xqW (sZ q) /
Self Help Groups formed since inception (In Lakh)
3.71
qZr MrlwmSl Almi (%) / Key Performance Ratios (%)
me mrmii Almi / Capital Adequacy Ratio
13.76
mi zrU Ael (`) / Earnings Per Share (`)
74.10
oW qsr (`) / Book Value (`)
429.51
mi MqcU MUoU (` MUQ) / Business Per Employee (` Crore)
13.74
mi MqcU sp (` sZ) / Profit Per Employee (` Lakh)
8.21
Axi Axir mU UOl / Return on Average Assets
0.95
sai-Ar Almi / Cost-Income Ratio
44.02
xMs Ll m L Almi / Gross NPA Ratio
1.73
lus Ll m L Almi / Net NPA Ratio
1.46
xZ- eq Almi / Credit - Deposit Ratio
71.09
mjqMi xZ- xqrei lus oM xZ /
Priority Credit to Adjusted Net Bank Credit
33.45

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

461
29159
420723
18.23
22984
166036
301067
24.32
33529
97762
48797
41667
50040
145
6102
11854
43480
36684
6796
2438
4755
6312
5.55
48794

3.98

4.24

12.40
64.83
490.56
14.20
6.96
0.77
46.61
2.57
2.18
68.05

10.63
54.48
522.76
14.42
5.00
0.54
47.22
2.49
1.98
71.56

35.30

42.52

16

lSzM M UmO
2013-2014
DIRECTORS REPORT

17

lSzM M UmO: 2013-14

DIRECTORS REPORT: 2013-14

lSzM qQs U rj 31 qc, 2014 M Auk M sL


islm u rj 31 qc, 2014 M xqmi ur uw M sL
sp u Wl sZ xWi 45u uwM UmO xWw mxii M
e UW W |

The Board of Directors have pleasure in presenting the


45th Annual Report together with the Balance Sheet as
on 31st March, 2014 and Profit and Loss Account for the
financial year ended March 31, 2014.

mokl ucU-uqz u uzswh

MANAGEMENT DISCUSSION AND ANALYSIS

I.

ur mUuz
2013-14 AjM qlS M saiU ixU uw W exq saiU
xi iqWr q eQm u 5% mU UW | MSr xZrM
xaPl (xLxA) U eU Mr ar Aliq Alql M
AlxU uw 2013-14 M sL eQm u mNs uw M
4.5% M isl q jQ oRi M xj 4.7% Alqli W |
Mw M E u 4.7% (1.4% mNs uw) u Ea
S uw x xjU UW ij 0.4 % (1%) u mmi M | xu
q lqlu SU 6.8% (7%) UW | Ea M iWi oes,
ax AU es Ami l 5.9% (2.3), lqh l 0.7%
(1.1%) M Mq Se M | xu , urmU, WOs, mUuWl u
xcU l 3% (5.1%) M u Se M, oq url, xjuU
xmS u MUoU xuA l 12.9% (10.9%) M u Se M
ij xqSr, xqeM u urai xu l 5.6%(5.3%) M
u Se M |

I.

ECONOMIC ENVIRONMENT
2013-14 was the third consecutive year of economic
slowdown, with GDP growth staying sub-5% for seven
successive quarters. As per the provisional estimates
released by the Central Statistical Organization (CSO),
GDP growth was estimated at 4.7% for 2013-14,
slightly higher compared to 4.5% recorded last year.
While agriculture and allied activities grew higher
at 4.7% (1.4% last year), industry growth stagnated
for 2 years and grew by 0.4% (1%). Growth in services
sector was a tad lower at 6.8% (7%). Under industry
segments, while electricity, gas and water supply
grew by 5.9% (2.3%), manufacturing sector declined
by 0.7% (1.1%). Under services segments, trade,
hotels, transport and communication grew by 3%
(5.1%), financing, insurance, real estate and business
services grew by 12.9% (10.9%) and community,
social and personal services grew by 5.6% (5.3%).

uw M SUl qSxTi qQUO UW | uw 2013-14 q Emp


qsr xcMM (x m AD) u jM qsr xcMM (Qosr
m AD) Sl M iWi uwM Axi mNs uw M 10.21 %
u 7.35% M isl q qz: 9.49% u 5.96% UW | uw M
SUl xqa qS xTi Eei mOs xqi U lkUi x
jQ AkM UW ijm p.U.o. M Azl xiU x AkM
UW |

The inflation rate has moderated during the year. The


annual averages under both Consumer Price Index
(CPI) and Wholesale Price Index (WPI) softened to
9.49% and 5.96% respectively in 2013-14 compared to
10.21% and 7.35% last year. Inflation inched towards
the glide path set by the Urjit Patel Committee. It
was, however, higher than the RBIs comfort levels
during the year.

uw M SUl uSz urmU q MT EiU cRu ol


UW | uherM Axcl u xZrM qW lSzsr x eU
ML aL Aliq QO M AlxU, Ams-qc 2013-14 M
SUl pUi M qs M lri 4% oRMU 312 osrl rLx
$ W ar, e uM AliiA ij mqZ uSz oeU
x MqeU oWU qa M MUh uw M sL lkUi M aD
325 osrl rLx $ M sr x Mq W | Ari qZri:
xl u cS M Ari mU saL aL miolk M MUh 8.1%
M Mq M xj 451 osrl rLx $ UW | urmU bO uw
2012-13 M 190 osrl rLx $ M isl q uw 2013-14
M SUl Mq WMU 139 osrl rLx $ UW | mUhqi: Sz
M cs Zi bO mNs uw M 4.8% M isl q MT
Mq W MU sapa xMs bUs EimS (e Q m) M 1.7%
M Ax mx UW |

External trade sector witnessed a volatile trend


during the year. As per the provisional data released
by the Directorate General of Commercial Intelligence
and Statistics (DGCI&S), during April-March 2013-14,
merchandise exports of India grew by 4% to US$312
billion lower than the US$325 billion exports target
set for the year, due to sluggish demand from major
overseas markets. Imports declined by 8.1% to
US$451 billion, mainly owing to import restrictions
imposed on gold and silver. Trade deficit contracted
to US$139 billion in 2013-14 compared to US$190
billion in 2012-13. Consequently, countrys Current
Account Deficit (CAD) narrowed considerably to 1.7%
of GDP compared to 4.8% last year.

18

uw M SUl rLx TQUs Ueu M qxM oQ M lUiU

During the year, financial markets witnessed


extreme volatility, with the announcement of the
tapering of the monthly bond purchase programme
of the US Federal Reserve. On August 28, 2013, rupee
depreciated to a historical low of 68.36 per US dollar.
However, investor-friendly measures and curb on
gold imports undertaken by the Government of India
and Reserve Bank of India (RBI) helped in containing
the volatility and gradual build up of forex buffers.
The rupee recovered to 60.10 per US Dollar by endMarch 2014. During the year, primary capital markets
also remained subdued.

ZUS Mrq M bwh x ur oeU q AirkM


EiU cRu UW | 28, Aaxi 2013 M mr qsrxi
WMU 68.36 mi QsU M LiWxM xiU mU e
mWc | ijm, xUMU u pUir Ueu oM U xl M Ari
mU UM saL el ex luzM -WiMU MSq l EiU
cRu M xqi UZ ij kU kU uSz qS xUi pQU
ol mr | mL qc 2014 M xqmi mU xkU MU 60.10
mi QsU W ar |
MlOM q AjM mUuz

Economic Environment in Karnataka

MlOM pUi q xukM uMxzs Uer q x LM W |

Karnataka is one of the progressive States in India.


Widely acclaimed for its internationally reputed
Information Technology and Bio-technology
companies, the State is home to varied industrial
activities, leading Research and Development
Institutions and a pool of highly skilled manpower.
As per the Economic Survey of Karnataka 2013-14,
the real growth in Gross State Domestic Product
(GSDP) was estimated at 5% for 2013-14 compared
to 5.3% last year. Canara Bank, owing its origin to
the State, is continuing its key position in the State.
The Bank has been playing a leading role in the State
through its 834 branches and 1358 ATMs, spread
across the State. The State contributes about 16%
to total domestic business of the Bank. The total
business of the Bank in the State stood at `107886
crore, comprising `61933 crore under deposits and
`45953 crore under advances as at March 2014, with
a Credit Deposit (C-D) ratio of 74.2%.

AiUr xiU mU mii xcl u eu-maM Mmlr M


sL uZri rW Uer up AaM rMsm, mZri
Alxkl u uMxzs xxjA u AirkM Mzs qluz
M MS W | MlOM M AjM xuh 2013-14 M AlxU,
Alqli xMs Uer Sz EimS (eLxQm) q uxiuM
u mNs uw M 5.3% M isl q 5% Wa | MlU oM
M ESaq MlOM Uer q Wl M li Exl Cx Uer q
Aml qZr xjl olr UZ| oM, Uer pU q Aml 834
zZA ij 1358 LOLq M eUL Aah pqM AS MUi
A UW W | oM M Ms Sz MUoU q Uer M raSl 16%
UW | Uer q oM M Ms MUoU `107886 MUQ UW
exq rj qc 2014 M `61933 MUQ eq AU `45953
MUQ Aaq UW |
II. qSM u oMa uMx

II. MONETARY AND BANKING DEVELOPMENTS

uw 2013-14 q mqZ qSM xqa AU lMS Ami q

Growth in key monetary aggregates and money


supply in 2013-14 reflected the changing liquidity
conditions arising from domestic and global financial
environment. The monetary policy stance during the
year was primarily to contain inflation and manage
liquidity.

WD u l Sz u uM ur mUuz x Eim Wlus


mUuilzs lMS mUxjir M miooi Mr W | uw M
SUl qSM li M mkl Ezr qS xTi M UMl AU
iUsi mokl W |
lMS Ami (Lq3) u e u uw M AUp q 12.4% j,

Money supply (M3) growth, which was 12.4% at


the beginning of the financial year, rose to 14.9%
by end-December 2013 and moderated to 13.5% by
end-March 2014, slightly higher than RBIs indicative
projection of 13%.

SxoU 2013 M Ai iM oR MU 14.9% W ar ij qc


2014 M xqmi iM 13.5% UW e pUir Ueu oM M
13% M xMiM Alql x jQ AkM W |

19

Alxci uher oM M xqr eq u Gh M u

During the year, growth in Scheduled Commercial Banks


(SCBs) aggregate deposits and credit was at 14.6% and
14.3% respectively, almost at the same levels compared
to last years aggregate deposits growth at 14.3% and
credit growth at 14.1%. The C-D ratio remained high at
77.69% as on March 21, 2014.

qz: 14.6% ij 14.3% WD e mNs uw M xqr eq


u Gh M u qz 14.3% u 14.1% M xql xiU mU UW | Gh
eq (x Q) Almi rj 21 qc, 2014 M 77.69% M xj
Eiq UW |

One of the significant developments in the banking


industry was the commencement of the parallel run
under Basel III norms from 1st April, 2013. Asset Quality
of the banking sector came under increased pressure
during the year, owing to continued economic slowdown
and rising Non-Performing Assets of banks, severely
affecting profitability of banks.

oMa Ea q qyiumh mUuil 1 Ams 2013 x oxs III


qlSQ M iWi xqliU m x sa Mr el j | uw M
SUl lUiU AjM qS ij oM M oRi AleM Axir M
MUh Axi ahu q AirkM ilu UW, oM M spmSi
oU iUW mpui WD |
uw 2013-14 M SUl pUir Ueu oM U lqlsZi li

The year 2013-14 saw the following changes in the key


policy measures announced by the RBI.

xok Emr M bwh M ar |

pUir Ueu oM l 75 AkU oSA M oRiU MUM Um


SU AU mi Um SU M qz: 8% AU 7% Mr W |

iSlxU, qels xOQa TxsO (LqLxLT) SU u oM


SU M Um SU M xj 100 AkU oSA M xj xqrei
MUi WL 9% Mr ar |

Repo rate and Reverse Repo rate increased by 75 basis


points (bps) to 8% and 7% respectively.

uw M SUl AUi lMS lk Almi (xAUAU) M


ElM lus qa AU qrS SriL (LlQOLs) M 4% mU
AmUuii UZ ar |

Accordingly, Marginal Standing Facility (MSF) Rate


and Bank Rate was aligned 100 bps above repo rate
at 9%.

uw M SUl xukM cslk Almi (LxLsAU) M

Cash Reserve Ratio (CRR) was kept unchanged at 4%


of Net Demand and Time Liabilities (NDTL) during
the year.

Statutory Liquidity Ratio (SLR) was kept unchanged


at 23% during the year.

23% mU AmUuii UZ ar |
uw M SUl Um SU AU LqLxLT SU q mUuil
x mpu

Um SU %

3 qD, 2013

7.25 (-0.25)

8.25 (-0.25)

30 esD 2013

7.25

10.25 (+2.00)

20 xioU 2013

7.50 (+0.25)

9.50 (-0.75)

7.50

9.00 (-0.50)

29 AMioU 2013

7.75 (+0.25)

8.75 (-0.25)

28 eluU 2014

8.00(+0.25)

9.00 (+0.25)

07 AoU 2013

Changes in Repo Rate and MSF Rate during the year

LqLxLT SU %

Effective Since
May 3, 2013
July 30, 2013
September 20, 2013

8.25 (-0.25)

7.25 10.25 (+2.00)


9.50 (-0.75)

7.50

9.00 (-0.50)

October 29, 2013

7.75 (+0.25)

8.75 (-0.25)

January 28, 2014

8.00(+0.25)

9.00 (+0.25)

During the year, RBI made the following major policy


announcements:
RBI implemented some of the recommendations
of the Expert Committee to Revise and Strengthen
the Monetary Policy Framework set up under the
Chairmanship of Dr. Urjit R. Patel, including:

pUir Ueu oM l Q Eei AU mOs M Akri q


aPi S xqi M MN AlzxA M iWi qSM li
xUcl q xzkl u qeoi ML el M Mrui Mr W
exq lqlsZi zqs W;

7.25 (-0.25)
7.50 (+0.25)

October 7, 2013

uw M SUl pUir Ueu oM U lqlsZi li xok Emr


M bwh M ar |

Repo Rate (%) MSF Rate (%)

qSxTi M qZr Emr M m q lD Emp qsr


xcMM (qsMU) sa Mr el |

20

Adoption of the new CPI (combined) as the key


measure of inflation.

qSuxTi M qa M mWcl Mr el |

qxM qSM c q muz |

cslk xqrel xuk (LsLLT) M iWi xjD Um


SU mU LM Sl M iUsi q cUh o iUM x Mq Mr
el ij xuk Um U iUsi M qa q u ij
Sb MsM xuk Um sa Mr el |

oxs III me ulrq mU SzlSz M 01 Ams 2013


x Mrurl exq Gh qsrMl xqrel AOx me
eZq mpU QUuOux M NQMU |

Explicit recognition of the glide path for


disinflation.
Transition to a bi-monthly monetary policy cycle.
Progressive reduction in access to overnight
liquidity under the Liquidity Adjustment Facility
(LAF) at the fixed repo rate and corresponding
increase in access to liquidity through term repos
and introduction of longer tenor term repos.

The guidelines on Basel III capital regulation


implemented from April 1, 2013, with the exception
of Credit Valuation Adjustment (CVA) risk capital
charge for OTC derivatives.

Housing: Prudential Norms - It was proposed to


carve out a sub-sector of CRE-Residential Housing
within the CRE sector, with appropriate prudential
regulatory norms on risk weights and provisioning.

Aux: uuMmh qlSQ - xAUD M iWi LM Em xAUD - Auxr Aux eZq kUi u mukl
mU Eci uuMmh ulrqM qlSQ M xj sa Mr el
mxiui j |

LxLsAU AuzrMiA mU, oM LcOLq ua M iWi Ms


luz q 25% M uiql luz xq x AkM luz MU
xMi W ozi (L) AkMi Mus LxLsAU mipi q W
ij (o) mUmYui iM kUi (LcOLq) ua q UZ aD Ms
LxLsAU mipi rj SxU muui m M Aiq zuU
rl uiql Lx Ls AU M Am M Alm M ElM
QOLs M 23% x AkM lW W |

On SLR requirement, banks may exceed the present


limit of 25% of total investments under the Held
To Maturity (HTM) category provided (a) the excess
comprises only of SLR securities; and (b) the total
SLR securities held in the HTM category is not more
than 23% of their DTL as on the last Friday of the
second preceding fortnight, i.e., in alignment with
the current SLR requirement.

AlcNSi uSz qS LYxmeU - MmUOx M AlcNSi


uSz qS LYxmeU M xji M MUh oM M MmUO
LYxmeU mU eZq kUi u muklMUh AuzrMi M
oRr el mxiui Mr ar |

Unhedged Foreign Currency Exposure proposed to


increase the risk weight and provisioning requirement
on banks exposures to corporates on account of the
corporates unhedged forex exposure positions.

Priority Sector Guidelines


Increase the loan limit for micro and small enterprises
(MSEs) in the services sector, as defined in the
Micro, Small and Medium Enterprises Development
(MSMED) Act 2006, from `20 million to `50 million
per borrower.

mjqMi SzlSz

xq sb u qkrq Eq uMx (Lq LxLqDQ) Aklrq


2006, q uhi M AlxU xq u sb Eq(LqLxD) xuL
q Gh xq `20 qsrl x oRMU `50 qsrl mi
EkUMi Mr el |

Amir Mw M iWi uaMi EuUM, MOlzM, oe, mz


cU, MO cU, Mw EmMUh u Alr ClmO QsU/uiA
M mi aWM oM Gh xq `10 qsrl x oRMU `50
qsrl mi EkUMi Mr el |

mir Mw Gh M iWi uaMi Mr el us urai


Mxl M qqs q ij Amir Mw Gh M m q MmUOx,
paSU Tq u xxjl e Mw u Alr xo MrMsm
Wi aUu Gh (urU WEx UxS M Lue q Gh M zqs
MUi WL) xq `2.5 qsrl x oRMU `5 qsrl Mr
el |

21

Increase the loan limit from `10 million to `50


million per borrower for bank loans to dealers/sellers
of fertilisers, pesticides, seeds, cattle feed, poultry
feed, agricultural implements and other inputs which
are classified as indirect finance to agriculture; and

Raise the limit on pledge loans (including against


warehouse receipts) from the current limit of
`2.5 million to `5 million for classification as
direct agriculture loans in the case of individual
farmers and as indirect agriculture loans in the case
of corporates, partnership firms and institutions
engaged in agriculture and allied activities.

xq u sb
sb Eq:

Micro and Small Enterprises

Cx M Gh uMx M laUl M uiql mhs M

Strengthen their existing systems of monitoring


credit growth to the sector and put in place a systemdriven comprehensive performance management
information system (MIS) at every supervisory level
(branch, region, zone, head office), which should be
critically evaluated on a regular basis;

Put in place a system of e-tracking of MSE loan


applications and monitor the loan application
disposal process in banks, giving branch-wise,
region-wise, zone-wise and State-wise positions. A
format for the purpose will be provided to banks as
recommended by the Sub-Committee. The position
in this regard may be displayed by banks on their
websites; and

Monitor timely rehabilitation of sick MSE units. A


format for the purpose will be provided to banks as
recommended by the Sub-Committee. The progress
in rehabilitation of sick MSE units should be available
on the website of banks.

qeoi MUl Wi mirM mruh xiU (zZ, , el, mkl


Mrsr) mU mhs AkUi urmM MrlwmSl mokl
xcl mhs(LqADLx) sa Mr el exM uxii
qsrMl lrqi AkU mU Mr el cWL;

oM q LqLxD Gh AuSl M D-OMa u lmOl mr


M laUl Wi zZuU, uU, eluU, u UeruU xji
M elMU M sL LM mhs sa Mr el cWL | Cx
Ezr M sL Em -xqi M xTUz M AlxU oM M
mm Emsok MUr eLa | Cx xok q xji oM U
Aml uoxDO mU mSzi M e xMi W; ij

al LqLxD CMDr M mlux mU xqr x laUl UZ


el W | Cx Ezr M sL Em -xqi M xTUz M
AlxU oM M mm Emsok MUr eLa | Cx xok q
al LqLxD CMDr M mlux M mai M xji oM U
Aml uoxDO mU mSzi M e xMi W |

Direct Benefit Transfer (DBT)

mir sp AiUh (QoO)

Banks are advised to open accounts for all eligible


individuals in camp mode with the support of
local government authorities, seed the existing accounts
or the new accounts opened with Aadhaar numbers and
put in place an effective mechanism to monitor and
review the progress in the implementation of DBT.

oM M xci Mr ar M u xjlr xUMU mkMUr M


xWri x Mqm sa MU xp m urr M Zi Zs, uiql
Zi r lL Zs aL Zi q AkU xZr M xQa M eL
ij QoO M Mrurl q mai M xq u laUl M sL
LM mpu i sa Mr eL |

Financial Inclusion Plan (FIP) 2013-16

ur xquzl rel (LTADm) 2013-16

Banks are advised to disaggregate the FIPs to the


controlling office and branch level.

oM M xci Mr ar M ur xquzl rel M lrh


Mrsr u zZ xiU mU Asa-Asa Mr eL |
SqSUl xqi M xTUz - COU xs mpU
pU q LM mi oM M xci Mr ar M xqm lzm u mUSz qsrl
li AmlL ij Aml Wq zZ ij aU Wq zZ M aWM
q pSpu lW MU |

Recommendations of Damodaran Committee Uniformity in Intersol Charges - Banks are advised to


follow a uniform, fair and transparent pricing policy
and not discriminate between their customers at home
branch and non-home branches.

zZ uxiU rel M iWi ur xqrel rel M iyi


AuOi oM - UWi aqh q il uw M Auk M SUl
zZA M Zs el | uw q oM - UWi aqh q 25%
x AkM zZL Zs el mU r Sr eLa ex ur
xqrel rel (LT AD m) M oS M uw q Aa s er
eLa |

Under Branch Expansion Plan, front-load the opening of


branches in unbanked rural centres over a 3 year cycle
co-terminus with the FIP. Credit will be given for branches
opened in unbanked rural centres in excess of 25% in a
year, which will be carried forward to the subsequent
year of the FIP.

22

mr q oci /xuk eqA mU ore M pail M


AukMi, oM U oci eqA u xuk eqA mU qxM
AiUs x Mq AiUs mU ore pail M uMsm Sr el
mxiui W |

Periodicity of Payment of Interest on Rupee Savings/


Term Deposits, it is proposed to give banks the option
to pay interest on savings deposits and term deposits at
intervals shorter than quarterly intervals.

MmUO oQ q Gh xukl - oM U MmUO M oM aUO


M oSs Gh xuk u iUsi xuk mSl MUM MmUO oQ
q AzM Gh xukl mSl ML el M Alqi Sr el
mxiui W |

Credit Enhancements in Corporate Bonds - it is proposed


to allow banks to offer partial credit enhancements to
corporate bonds by way of providing credit facilities and
liquidity facilities to the corporates, and not by way of
guarantee.

qels xOQa xuk M xqr q xzkl - luoU 5, 2013 x


rW xuk AmU 4.45 x AmU 5.15 oe M xjl mU AmU
7.00 x AmU 7.30 oe iM mSl M eLa

Revision in the Timing of Marginal Standing Facility - With


effect from November 5, 2013, they will be conducted
between 7.00 pm and 7.30 pm, instead of between 4.45
pm and 5.15 pm.

xOx ec mU SzlSz 02.12.2013 M eU Mr ar |

Guidelines on Stress Testing issued on 02.12.2013.

mokl AiU-xqW xuruWU u LYxmeU mU SzlSz M


11.02.2014 M eU Mr ar

Guidelines on Management of Intra-Group Transactions


and Exposures issued on 11.02.2014.

Ajuruxj q Suoaxi Axir M mleul M xUcl


26.02.2014 M eU M aD |

Framework for Revitalization of Distressed Assets in the


Economy issued on 26.02.2014.

uw 2014-15 M sL SMh

OUTLOOK FOR 2014-15


Global growth is likely to strengthen during the year,
although downside risks to growth persist. Ongoing US
Fed tapering, euro financial instability, Chinas growth
slowdown and inflationary pressures in the emerging
market and developing economies threaten global
recovery prospects. The International Monetary Fund, in
its latest World Economic Outlook, April 2014, projected
global growth at 3.6% for 2014 and 3.9% for 2015.
Global growth impulses will be led mainly by advanced
economies, although their recoveries would be uneven.

lMUiqM uMx eZq ol UWl M oueS p uw M SUl


uM u qeoi Wl M xpul W| lUiU AqUM TQ
OmUa, rU M ur Axisl, cl M uMx SU q qlS ij
EpUi oeU q qS xTi M Suo u uMxzs Ajuruxj
uM xkU M EqqS M mpui MU xMi W | AiUr
qSM lk Aml luliq u AjM SMh q Alqli
uM u Ams 2014 M 3.6% AU 2015 M sL 3.9% mU
Szr W | uM u Aua qZri: uMxi Ajuruxj U
Wa rm ElM uxs Axqlr UWa |

Indias GDP growth is expected to moderately improve


in 2014-15. Easing of supply side pressures and revival
of investments would strengthen growth prospects.
Downside risks to growth include el-nino climatic
impact on agricultural output and lack of sustained
pick up in industry and services sectors. However,
positive developments include favorable external trade,
improving capital flows and financial market conditions,
reduction in fiscal and current account deficits and
continued reform measures from the Government to
boost growth. The RBI, in its First Bimonthly Review in
April 2014, placed real GDP growth in the range of 5-6%.

uw 2014-15 q pUi M e Q m u q xqlr xkU


mirzi W | Ami q Suo Mq Wl ij luz mleui Wl x
uMx M xpul M qeoi mSl Wa | uMx eZq Mq
Wl q Mw EimSl mU Ls - ll qxq eZq Mq UWl ij
Ea u xu q xkU zqs W | ijm xMUiqM uMx
q AlMs o urmU, me muW ij ur oeU M xji q
xkU, ur u cs Zi bO q Mq ij uMx M ai Sl
M sL EPL aL lUiU xkUiqM Emr zqs W | pUir Ueu
oM l Ams 2014 q Aml mWs qxM xq q uxiuM
eQm uMx 5-6% M SrU q UZ W |

23

oMa M lwmSl Ajuruxj M xqa uMx mU lpU

The performance of the banking industry would depend


on the overall growth of the economy. Major challenges
before the banks in 2014-15 would be addressing
the issues of deteriorating asset quality, increased
restructuring and provisioning, mobilizing capital to
meet Basel III norms, financial inclusion and mobilizing
requisite resources to fund credit growth.

Wa | oM M xql 2014-15 q UWlus qZr clir Axi


ahu q aUuO, xuki mlxUcl u muklMUh, oxs III
qlSQ M mU MUl Wi me eOl, ur xquzl ij Gh
u q lkrl M sL AuzrM xxkl M LMi MUl W |
III. uw 2013-14 q MlU oM
pUi q xuelM M oM q Aa
Aah oM

III. CANARA BANK IN 2013-14


M m q

As one of the leading public sector banks in India,


Canara Bank during 2013-14, expanded its network
by adding 1027 branches and 2786 ATMs, taking the
number of branches to 4755 and ATMs to 6312 as
at March 2014. The Bank is catering to more than
5.5 crore customers. The Bank continues to invest in
delivery channels, IT infrastructure, customer service,
business process reengineering, innovative products/
services and staff knowledge to strengthen its position
further in the market.

MlU oM l 2013-14 M SUl Aml lOuM M uxiU MUi


WL 1027 zZL AU 2786 LOLq eQi WL rj qc 2014
M zZA M xZr 4755 ij LOLq M xZr 6312
W | oM M aWM M xZr 5.5 MUQ x AkM W | oeU
q Aml xji M qeoi olL UZl M sL QsuU cls,
xcl maM, aWM xu, MqcU l ij lL EimS /
xu mrA q saiU luz MU UW W |
AjM uMx lMUiqM UWl M mUmr q MlU oM l uw M

Against the backdrop of deceleration in economic


growth, Canara Bank performed better during the year in
sync with its major corporate thrust areas, such as, Retail
Business, CASA, Asset Quality, Recovery and Fee Income.

SUl ZSU MUoU, Mx, Axi ahu, uxs u zsM Ar


ex qWiumh q oWiU mSzl Mr W |

ur lwmSl

FINANCIAL PERFORMANCE

sp ij spmSi q oM M lwmSl

The performance of the Bank on profits and profitability


are as under:

lqllxU UW:
oM M mUc
mUcsl
sl sp mNs uw M

Operating profit of the Bank


increased by 15.4% to `6796 crore
compared to `5890 crore last year.

`5890 MUQ M isl q 15.4% M


oRiU M xj `6796 UW |
mNs uw M `3018 MUQ M isl

Due to higher provisions and


contingencies from `3018 crore
last year to `4358 crore, the
Bank earned a net profit of `2438
crore for 2013-14 compared to
`2872 crore last year.

q `4358 MUQ M EiU mukl u


AMxqMiA M MUh oM M lus
sp mNs uw M `2872 MUQ M
isl q 2013-14 M sL `2438
Aei Mr |

Return on average assets (RoAA) for


the year stood at 0.54%. Profit per
employee worked out to `5.00 lakh
for the year.

uw M sL Axi Axir mU miTs


(AU A L L) 0.54% UW | uw M sL
mi MqcU sp `5.00 sZ UW |

24

qc
2013

qc
2014

lkr M sai

6.96

6.80

lkr mU miTs

9.05

eqA mU sai

March
2013

March
2014

Cost of Funds

6.96

6.80

8.79

Yield on Funds

9.05

8.79

7.72

7.42

Cost of Deposits

7.72

7.42

Aaq mU miTs

11.13

10.54

Yield on Advances

11.13

10.54

luz mU miTs

8.12

8.03

Yield on Investments

8.12

8.03

LQosrLT mU Mqi sai


AiU % q

2.09

1.99

Spread as a % to AWF

2.09

1.99

lus ore qel (lq)

2.40

2.27

Net Interest Margin (NIM)

2.40

2.27

LQosrLT mU mUcsl urr

1.37

1.35

Operating Expenses to AWF

1.37

1.35

Axi Axir mU miTs

0.77

0.54

Return on Avg. Assets (RoAA)

0.77

0.54

CYuO mU miTs

14.03

10.59

Return on Equity

14.03

10.59

mi MqcU MUoU
(` MUQ q)

14.20

14.42

Business per Employee


(` Crore)

14.20

14.42

mi MqcU sp (` sZ q)

6.96

5.00

Profit per Employee


(` Lakh)

6.96

5.00

oW qsr (`)

490.56

522.76

Book Value (`)

490.56

522.76

mi zrU Ael (`)

64.83

54.48

Earnings per Share ( `)

64.83

54.48

qZr ur Almi (%)

Key Financial Ratios (%)

L Qosr LT - Axi Mrzs lk

AWF - Average Working Funds

Ar u urr uz
uzs
swh

Income and Expenditure Analysis


The Banks interest income recorded a y-o-y growth
of 16.1% to reach `39548 crore compared to `34078
crore last year. While interest from loans and advances
increased by 16.7% to `28457 crore, interest from
investments rose by 12.5% to
`10251 crore.

oM M ore Ar mNs ur uw M `34078 MUQ M


isl q uwluw 16.1% u MUi WL `39548 MUQ M u
Se M | Gh u Aaq mU ore Ar 16.7% M u M xj
`28457 MUQ iM mWc, uW luz x Ar 12.5% M u M
xj `10251 MUQ UW |

In line with the thrust areas for


the Bank, non-interest income
increased by 24.7% to `3933
crore compared to `3153 crore
recorded last year. Excluding
treasury trading profit, noninterest income rose by 32% to
`3269 crore. Major segments
of the non-interest income like

oM M qZr M AlMs oreiU


Ar mNs uw M `3153 MUQ M
isl q 24.7% M u M xj
`3933 MUQ UW, OeU urmU sp M
NQMU oreiU Ar 32% M u M
xj `3269 MUQ UW | oreiU Ar
M qZr ex ulqr xuruWU

25

x sp 44% M u M xj `670 MUQ, Mqzl u ulqr

profit from exchange transactions grew by 44% to `670


crore, commission and exchange at `940 crore (18%),
recovery from written off accounts at `425 crore (41%),
Government Business and bancassurance at `138 crore
(20%) and service charges and other miscellaneous
commission at `1097 crore (37%).

`940 MUQ (18%) o Zi q uxs `425 MUQ (41%),


xUMU MUoU u oM LzrUz `138 MUQ (20%), ij xu
mpU u Alr uuk Mqzl `1097 MUQ (37%) UW |

oreiU Ar M WxxSU Ms Ar M mNs uw M isl q

The share of non-interest income to total income


increased from last year level of 8.5% to 9% for 2013-14.

8.5% M qMos 2013-14 M sL 9% UW |

oM l E mU sai M eqA M MT Mq Mr W | exM

The Bank has substantially shed high cost deposits. As


a result of which, the Banks
cost of deposits reduced by 30

mUhq x oM M eqA mU sai


30 AkU olS M xj 7.42% Mq

bps to 7.42%. In line with the


industry trends, the yield on
advances declined to 10.54%
as at March 2014 compared to
11.13% last year. Interest spread,
the difference between cost and
yield, was at 1.99%.

WA | Ea M mu M AlxU
Aaq mU miTs mNs uw M
11.13% M isl q rj qc 2014
M bO MU 10.54% UW aD | ore
Mqi sai, qsr u miTs AiU
1.99% UW |

While the Banks interest


expenses increased by 16.8%
to `30603 crore, operating expenses grew by 18.3% to
`6081 crore.

eW oM M ore urr 16.8% oRMU


`30603 MUQ iM oR, uW mUcsl urr 18.3% oRMU `6081
MUQ iM oR|

The net interest income, the difference between interest


paid and interest earned by the Bank, increased by
13.5% to `8944 crore compared to `7879 crore last year.
Net Interest Margin (NIM), which stayed at around
2.21% in the first three quarters, improved to 2.27% as at
March 2014.

lus ore Ar, mS ure u oM U Aei ore mNs uw


M `7879 MUQ M isl q 13.5% M u M xj `7879
MUQ UW | lus ore qel (lq) e mWs il iqWr q
2.21% M Ax mx j Elq xkU Se W MU rj qc 2014
M 2.27% iM e mWc |

Capital and Reserves

me ij AUi lkr

Networth of the Bank, as at March 2014 increased to


`23394 crore compared to `21732 crore as at March
2013. While total paid-up capital of the Bank was `461.26
crore, reserves and surplus increased to `29159 crore.

rj qc 2013 M lus qsri `21732 MUQ M isl q


rj qc 2014 M lus qsri `23394 MUQ ol W | mS
me `461.26 MUQ UW, AUi lkr AU Akzw `29159
MUQ iM oR W |

Govt. of India infused `500 crore capital in the Bank by


way of preferential allotment of 1.83 crore equity shares

pUi xUMU l 31.12.2013 M 1.83 MUQ CYuO zrU M

26

Akql AoOl U oM q `500 MUQ M me M muW


Mr | EmU M mUhq x pUi xUMU M oM q zrU kUi
67.72% M mu xiU x oR MU 69% iM W aD | uw M SUl,
oM l oxs III OrU II oQ M Almsl q `2500 MUQ iM
oRr |

on 31.12.2013. on account of the above, the Government


of Indias shareholding in the Bank increased to 69% from
the earlier level of 67.72%. During the year, the Bank also
raised `2500 crore Basel III compliant Tier II bonds.

UMq (` MUQ q)

(Amt. ` Crore)

me xUcl

qc 2013
oxs III

qc 2014
oxs III

243348

312226

xDO I

23132

xDO I (%)

LO I
LO I (%)

eZq kUi Axir

OrU I me
xAULAU (%)(OrU I)
OrU II me
xAULAU (%) (OrU II)
xMs me
xAULAU (%)

Composition of Capital

March 2013
Basel II

March 2014
Basel III

243348

312226

CET I

23132

7.41

CET I (%)

7.41

859

AT I

859

0.27

AT I (%)

0.27

23776

23991

23776

23991

9.77

7.68

9.77

7.68

6388

9205

6388

9205

2.63

2.95

2.63

2.95

30164

33196

30164

33196

12.40

10.63

12.40

10.63

Risk Weighted Assets

Tier I Capital
CRAR (%)(Tier I)
Tier II Capital
CRAR (%)(Tier II)
Total Capital
CRAR (%)

Capital Adequacy Ratio as at March 2014 stood at


10.63% against regulatory requirement of 9%. Within the
capital adequacy ratio, CET 1 ratio stood at 7.41% against
requirement of 5% and Tier I Capital ratio was at 7.68%
against the requirement of 6.5%. Adequate headroom
is available under both Tier-I and Tier-II options for the
Bank to raise capital in order to support business growth
momentum.

rj qc 2014 M me mrmii ulrqM 9% M AuzrMi


M qMos 10.63% UW | me mrmii Almi M iyi xDO 1
Almi 5% M AuzrMi M qMos 7.41% ij OrU I me
Almi 5% M AuzrMi M qMos 7.68% UW | MUoU q
u M ai q ie sl M sL OrU I AU OrU II M eUL
me eOl M sL oM M mx Ao p mrmi aeCz W |
zrU kUM M qsr

Shareholders Value

oM M oW qsr q lUiU u Wi UW W | mu ur uw M

There is consistent increase in the Book Value of the


Bank. It increased further to `522.76 as at March 2014
compared to `490.56 for the previous financial. A final
dividend of 45% has been recommended by the Board
of Directors, taking the full years dividend to 110%,
including 65% dividend already declared in January 2014.

`490.56 M isl q rj qc 2014 M AU AkM oR MU


`522.76 iM e mWc | oQ M lSzM qQs U 45% M
Aiq spz M xTUz M aD W, exx mU uw M spz
110% W eLa Cxq eluU 2014 q bwi 65% spz p
zqs W |

27

MUoU xu

BUSINESS GROWTH

eq

Deposits
Total Deposits grew by 18.2% to
reach `420723 crore as at March
2014 compared to `355856 crore a
year ago.

mNs uw M `355856 MUQ M isl


q rj qc 2014 M oM M Ms eqL
18.2% u Se MUM `420723 MUQ
iM mWc | uw M SUl oM l eq M

During the year, the Bank shed


`25681 crore worth high cost
deposits. As a result, the share of
high cost bulk deposits came down
from 15% as at March 2013 to 6.5%
as at March 2014.

mqhm xWi `25681 MUQ M E


saius eq Uz M lMs SL |
mUhqi: E saius jM eqA
M Wxx qc 2013 M 6.5% x bOMU
rj qc, 2014 M 15% W ar |

Current and Savings Bank (CASA)


deposits of the Bank increased by 20% y-o-y to `103279
crore as at March 2014. The Banks CASA deposits to
domestic deposits improved to 25.9% from 25.1% last
year. Savings deposits rose by 20.2% to `85536 crore
as at March 2014. To increase CASA deposits, the Bank
launched nationwide campaigns and introduced
new products/services, like, Canara SB Gen-Y, Canara
Jeevandhara, Canara Savings Defence Product, Canara
Power Plus, Canara Privilege, Canara Payroll Package
Scheme, Canara Dhanvarsha RD-Flex and online savings
deposit account opening facility. During the campaign
period, the Bank brought in over 51 lakh fresh CASA
clientele and about `6774 crore CASA deposits in these
new accounts.

oM M oci oM (Mx) eqL 20% M uw-SU-uw u


M xj rj qc 2014 M `103279 MUQ WL | Sz
eqA q Mx M Wxx mNs uw M 25.1% x xkU MU
25.9% UW | rj qc 2014 M oci eqL 20.2% oRMU
`85536 MUQ WL | ur uw M SUl oM l Mx eqL
eOl M sL SzpU q Aprl csL ij MlU Lxo-eluD, MlU eulkU, MlU xuax QTx EimS, MlU muU
msx, MlU muse, MlU m Us mMe rel, MlU kluw
AUQ-nsYx u BlsCl oci eq Zi Zsl M xuk
ex lL EimS /xuL sa M aD | Ms qsMU Aprl Auk
M SUl oM l `6774 MUQ M MUoU M xj 51 sZ lL
Mx aWM M eQ |
eq aWMua M AkU M oRD el us li M Aluil
MUi WL, xp zZA l Ms 72 sZ x AkM eq Zi M
eQ, exx Ms eq Zi M xZr 4.89 MUQ iM mWc
ar |

Pursuing a strategy of expanding deposit clientele,


the Bank added 72 lakh deposit clientele during the
year, taking the total number of deposit accounts to
4.89 crore.

Advances (Net)

Aaq (lus)

The Bank expanded its asset base


to a well diversified productive
segments of the economy like
Agriculture and Micro, Small and
Medium Enterprises (MSMEs),
Retail,
including
Housing,
Education, Vehicle and others,
exposure to Corporates and various
Infrastructure segments.

oM l Axi AkU M uukMi Gh


xupa q Ajuruxj M EimSM ZQ
ex Mw ij xq, sb u qkrq Eq
(LqLxLqD), ZSU, Aux, z uWl
u Alr M zqs MUi WL MmUO ij
up AkUpi xUcl ZQ q uxiUi
Mr |

28

oM M lus Aaq mNs uw M `242177 MUQ M isl q


`301067 MUQ mWc ar |

Advances (Net) of the Bank grew by 24.3% to reach


`301067 crore compared to `242177 crore a year ago.

rj qc 2014 M oM M EkUZi AkU mNs uw M 53


sZ x oRMU 66 sZ iM oR |

As at March 2014, the number of borrowal clientele


increased to 66 lakh from 53 lakh last year.

oM M Ms uruxr 20.7% M uw SU uw u Se MUi WL


mNs uw M `598033 MUQ M isl q `721790 MUQ iM
mWc ar |

Total business of the Bank increased to `721790 crore,


with a y-o-y growth of 20.7% compared to `598033 crore
in the previous year.

mi MqcU MUoU U qm elus EimSMi mNs uw M


`14.20 MUQ M isl q `14.42 MUQ iM oR |

Productivity, as measured by business per employee,


increased to `14.42 crore from `14.20 crore a year ago.

uw M SUl oM M aWM AkU 85 sZ oR MU mNs uw M


4.70 MUQ M isl q 5.55 MUQ iM e mWc |

During the year, the Banks total clientele base increased


by 85 lakh to 5.55 crore from 4.70 crore last year.
Retail Lending Operations

ZSU Gh mUcsl

In line with the thrust areas set for the year, the Banks
retail lending operations recorded robust y-o-y growth.

oM M sL lkUi qZr M AlMs ZSU EkU mUcsl


l uw-SU-uw qeoi uMx Se Mr |
(Uz ` MUQ q)
ZSU

rj qc

As at March

2013

2014

mq

(%)

13134

19684

6550

49.9

uWl

1913

3099

1186

Alr urM

3694

5845

4343
23084

Aux

xMs ZSU Gh

(Amt. ` Crore)
Growth

Retail Segments
2013

2014

Quantum

(%)

Housing

13134

19684

6550

49.9

62.0

Vehicle

1913

3099

1186

62.0

2151

58.2

Other Personal

3694

5845

2151

58.2

4901

558

12.8

Education

4343

4901

558

12.8

33529

10445

45.2

Total Retail Loans

23084

33529

10445

45.2

Outstanding retail loans portfolio grew by 45.2% y-o-y


to `33529 crore as at March 2014. The disbursals under
various retail lending schemes amounted to `18499 crore.
The outstanding housing loan portfolio rose to `19684
crore, with a y-o-y growth of 49.9% and accounted for 59%
of the total retail lending portfolio. The Banks Vehicle loans
and other personal loans increased by 62% and 58.2% y-o-y
respectively.

ZSU Gh xupa Sri uw-SU-uw 45.2% M u Se MUi


WL rj qc 2014 M `33529 MUQ UW | up ZSU EkU
relA M iWi xuiUi UMq `18499 MUQ UW | Aux Gh
xupa uw-SU-uw 49.9% M u Se MUi WL `19684 MUQ
iM oR e Ms ZSU Gh xupa M 59% Wi W | oM M
uWl Gh u Alr urM Gh q uw- SU- uw qz: 62% u
58.2% M u WD |

29

z Gh

Education Loans

oM l uw pUi AU uSz q E z
mmi MUl M sL sZ mipul N
M mixWi Mr W| oM M z Gh
xupa M AU oRMU `4901 MUQ
Mr W | rj qc 2014 M oM l 2.5
sZ N M Gh mSl Mr | z
Gh mU ore AlSl M sL MlSr
rel M iWi AlSl Almr MUl M
sL oM M lQs oM M m q lq
Mr ar W |

Over the years, the Bank has assisted


lakhs of promising students to
pursue higher education in India and
abroad. The Banks education loan
portfolio increased to `4901 crore.
The Bank has financed around 2.5
lakh students as at March 2014. The
Bank is designated as the nodal bank
for administering subsidy under the
Central Sector Scheme for Interest
Subsidy on education loans.
During the year, the Bank
launched Vidya Turant - an
online instant loan sanction facility to students and
Vidya Sahay - a bridge loan scheme for making down
payment to Common Entrance Test (CET) counseling
authorities at the time of selection/counseling.

uw M SUl oM l ZSU Gh M uxiU


MUl Wi N M ``u iUi'' BlsCl iiMs Gh qeU
xuk ij Aq mirai mU M MExsa mkMUr M
mu pail MUl Wi u xWr'' LM oe sl rel ex
AlM mWs ML W |

Several initiatives were undertaken by the Bank to expand


retail credit. These include new retail loan products, viz.,
Housing Loans to High Networth Individuals, Non-Resident
Indians (NRIs) and Agriculturists. Nationwide launching of
Campaigns, conduct of Expos, offering competitive interest
rates, tie-ups with reputed Builders and Car Dealers
boosted Banks retail loan portfolio.

Clq lL ZSU Gh EimS ex E qsri us ur, Alux


pUir (Ll AU AD) u MwM M sL Aux Gh zqs W |
Sz pU q Aprl M Arel, LYxm M xcsl mixmkiqM
SU mxiui Mr el, Zi mmi osQU u MU QsU M
xj aPeQ uruxj l oM M ZSU Gh xupa q u Se
M aD |

Five new Retail Asset Hubs were opened and three


Central Processing Units (CPUs) were upgraded as Retail
Asset Hubs (RAHs), taking total number of RAHs to 50
across major centres in the country. The Bank entered
into Memorandum of Understanding (MoU) with Maruti
Suzuki India, Tata Motors, Mahindra and Mahindra for
joint publicity and marketing. The Bank also undertook
several tech-based initiatives like missed call facility for
retail lending Schemes, informing due dates and amount
of EMIs for housing loans and introduction of web-based
lead generation system.

MN ZSU Axi MlS Zs aL ij 3 MlSr mxxMUh CMDr


M ZSU Axi MlS q xiUrl ML aL exx SzpU M
qZr MS q oM M 50 ZSU Axi MlS W ar W | oM l
qi xeM CQr, OO qOU, qWlS LQ qWlS M xj xr
mcU u umhl M xWqi ml Mr W | oM l MD iMlM
AkUi mWs ex ZSU EkU relA q Aux Gh Sr ij
u DLqAD M UMq M elMU M sL qxQ Ms xuk u uo
AkUi sQ elUzl mhs sa M |

Mw

TREASURY

rj qc 2014 M oM M xqc luz (lus) `126828 MUQ

Aggregate investments (net) of the Bank was at


` 126828 crore as at March 2014. Portfolio modified
duration reduced to 4.63 years from 4.73 years as at
March 2013. The modified duration of the Available for
Sale (AFS) portfolio reduced to 3.83 years from 4.16 years
as at March 2013. The trading profit for the year was
`664 crore as against `676 crore last year. The yield on
investments stood at 8.03%.

UW | xupa xzki Auk mNs uw M qc 2013 M 4.73


x 4.63 iM bO ar | o (L LT Lx) xupa M sL Emsok
xzki Auk rj qc 2013 M 4.16 x bO MU 3.83 WD |
uw M sL urmUM sp mNs uw M `676 MUQ M isl q
`664 MUQ j | luz mU miTs 8.03% UW |

30

xUMU mipir q oQ urmU M m q oM xr m x pa


si UW | WqSU ucloiA M Ms Uz `58487 MUQ
j, exq x pUir Ueu oM U WqSU M sL xuMi
ucloi Uz `39219 MUQ j | ir Ak-uw M SUl
mkl urmU M m q uw M SUl oM l 40% M-lrliq
xTsi Almi mizii M isl q 43.18% xTsi Almi
Wxs Mr |

The Bank continues to be an active player in Government


Securities as a primary dealer. The total amount of
bids submitted for underwriting was `58487 crore, of
which, the underwriting commitment accepted by the
RBI was `39219 crore. During the second half year, the
Bank achieved 43.18% success ratio as against minimum
success ratio of 40% of its obligation as a Primary Dealer.

rj qc 2014 M oM M xqc uSz MUoU mhrui


`166036 MUQ UW exq `88800 MUQ lri, Ari q
`39392 MUQ AU mwh M iWi `37844 MUQ UW| rj qc
2014 M oM M oMr lri Gh uw-SU-uw 17.8% M u

Foreign Business Turnover of the Bank aggregated to


`166036 crore, comprising `88800 crore under exports,
`39392 crore under imports and `37844 crore under
remittances as at March 2014. Outstanding export credit
of the Bank increased to `11854 crore as at March 2014,
with a y-o-y growth of 17.8%.

Se MUi WL `11854 MUQ UW|

AiUr mUcsl

INTERNATIONAL OPERATIONS

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


(oWUl) q LM-LM zZ ij zUeW (rLD) q milk Mrsr
M xj oM 6 Sz M muUi MUi W | CxM Asu qxM q
Mqzrs oM BT CQr (Ls.Ls.x.) M lq x pUir xOO
oM M xj xr Eq p mUcsl MU UW W |

The Banks overseas operations covered 6 countries,


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

uw M SUl xqxi uSz zZA l xuki MUoU MrlwmSl


Se Mr | rj qc 2014 M xqmi ur uw M sL
mc uSz zZA M Ms MUoU `41094 MUQ UW |
mNs uw M 4.8% x oR MU 5.7% UW | xqa MUoU oM
M Ms MUoU M 5.7% UW e M mNs uw M 4.8% x
oRMU 5.7% UW |

All overseas branches recorded improved performance


during the year. Total business of the five overseas
branches aggregated to `41094 crore for the financial
year ending March 2014. Overseas Business constituted
5.7% of the Banks total business, up from 4.8% last year.
The Bank opened a branch at Johannesburg (Republic of
South Africa) on 19.05.2014 and launched another branch
at New York (USA) on 09.06.2014. The Bank has approval
from RBI for expansion in another 8 international centres
by March 2015, such as, DIFC (Dubai), Qatar Financial
Centre (Qatar), Frankfurt (Germany), Sao Paulo (Brazil),
Dar-es-Salaam (Tanzania), Tokyo (Japan), Abuja (Nigeria)
and Jeddah (Saudi Arabia).

oM l 19.05.2014 M eWlxoa (xEj ATM) q Aml


zZ Zs ij el 2014 M SUl lrrM (r.Lx.L.) q
Aml zZ Zsl M rel W| QADLTx (SoD), MU
ur MlS (MU), TMTO (eql), xu ms (oes),
SU-D-xsq (ilelr), OMr (eml), Aoe (lCeUr)
AU eW (xES AUor) ex 8 Alr AiUr MS q uxiUh
M sL oM l pUir Ueu oM x AlqSl mmi Mr |

The Bank has sought RBIs approval for expansion in 11


more international centres, namely, Kingsbury, East Ham
& Birmingham at UK, Mexico City (Mexico), Istanbul
(Turkey), Jakarta (Indonesia), Kigali (Rwanda), Singapore,
Auckland (New Zealand), Sydney (Australia) and Ontario
(Canada).

oM l 11 x AkM M AiUr MlS - rl rlCOQ


MaQq (rM) q MaxoU, DxOU Wq u oqaWq, qYxM xO
(qYxM, Cxi-os (iM), eMi (CQlzr) Mas (UuQ),
xamU, BMsQ (lrU esQ) xQl (AxOsr) AU AOUr
(MlQ) |

The Banks international operations are well supported


by a wide network of 373 Correspondent Banks, spread
across 79 countries. Rupee Drawing Arrangement
has been made with 32 Exchange Houses and 14
Overseas Banks for channelizing the remittances of
Non-Resident Indians. The Bank has been managing two

oM M AiUlr mUcsl, 79 Sz q Ts 373 milk


oM M urlmM lOua U xqji W | Alux pUir M
umwh M clsMWi MUl Wi 32 ulqr miml M xj
mr AWUh uruuxj - M aD W | oM U qz: xMQqO

31

ij mokl MUU M iWi S ulqr mil rl As UeM


AiUOr ulrq Mml, SoD AU CxOl LYxce LxOoszqO
MiU M Mr xps e UW W |

Exchange Houses, viz., Al Razouki International Exchange


Company, Dubai and Eastern Exchange Est., Qatar under
Secondment and Management Agreement respectively.

'UqO ql' lqM uo AkUi xmQ umwh EimS M uxiU 31


ulqr mil AU 4 xqSmUr zZA rl sSl, sxxOU,
zbD u Wa Ma iM oRr ar W | uw M SUl, Mui q 1
AU ulqr mil M xj umwh uruxjA M sL oM l
AlqSl mmi Mr W | rLD q rLD ulqr MlS LsLsx
M xj xWra x spjr (oM M ZikUM) M iuUi u
xaq umwh Wi iiMrs Zi eq xuk M sL pUi q

Remit Money, a web-based speed remittance product


has been extended to 31 Exchange Houses and to 4
overseas branches, viz., London, Leicester, Shanghai and
Hong Kong. During the year, the Bank obtained approval
for remittance arrangements with 1 more exchange
house in Kuwait. In collaboration with UAE Exchange
Centre LLC in UAE, FlashRemit a real time account
credit facility for instant and hassle free remittances to
beneficiaries (account holders of the Bank) in India was
introduced during the year.

"nszUqO" M xu M mUp Mr ar |

Alr xuL

OTHER SERVICES

oM M umhl oMa mpa l Ur Ueqa mkMUh


(LlLcLAD) ij aqh uiMUh sqOQ (AUDx) M
mCuO msxqO MmOs al oQ laq M Mr M luWl
Mr | uw M SUl Ur Ueqa mkMUh (LlLcLAD)
ij aqh uiMUh sqOQ (AUDx) M mCuO msxqO
MmOs al oQ x xaWi Uz . 107.60 MUQ UW | uw M
SUl TrU usrLzl BT DYuO M 5 uzw Mr M luWh
Mr ar |

The Banks Merchant Banking Division handled Private


Placement Capital Gain Bond Issues of National
Highways Authority of India (NHAI) and Rural
Electrification Corporation Ltd (REC) as Arrangers. The
amount mobilized in respect of Capital Gain Bonds Issue
of NHAI and REC during the year was `107.60 crore. Five
specialized assignments of Fair Valuation of Equity were
also handled by the Division during the year.

2 le mslxqO laq M sL oM l xaWMi oMU M m q


Mr Mr exM Ms Uz .896.51 MUQ W | lqi zZA
U osM M WD Uz (LLxoL) x xqji AuSl M iWi
lai Mr ar xuelM u Gh laq M Ms xZr 93 UW
AU osM M WD Uz `32.88 MUQ UW | LLxoL M iWi
lqi zZL rj qc 2014 M 1874 x oRMU 3612 W aD |

The Bank acted as Collecting Banker for 2 Private


Placement Issues, involving an amount of `896.51
crore. The number of Public and Debt Issues handled
under Application Supported by Blocked Amount (ASBA)
by designated branches was 93 and the amount
blocked was `32.88 crore. The number of designated
branches under ASBA increased from 1874 to 3612 as at
March 2014.

uw M SUl xqWl xqW l mUrelA M luW Mr ar


exM mUrel sai `9816 MUQ UW AU CxM Gh AMU
`6663 MUQ UW | xqW l xqWl mUcsl x `22.21 MUQ M
zsM - AkUi Ar Ael Mr | UQ, mO, qQMs Mse,
xjuU xmS - Auxr, Cxmi, muU, OsMq CiriS ex
up xua q mUrelA M sL lkr M uruxj M aD |

The Syndication Group handled projects, involving


project cost of `9816 crore during the year, with a total
debt size of `6663 crore. The Group generated fee-based
income of `22.21 crore from the syndication operations.
The funds were arranged for projects in various segments
like Road, Port, Medical College, Real Estate Residential,
Steel, Power, Telecom, etc.

oM M 'oMLzUz' Aa M iWi Sl eul ij aU eul oq xua q oM M aP-eQ urCuxj W | oM l


Aml xr Eq rl MlU LcLxox Aox eul oq
Mml sqOQ x Mqzl M m q `26.12 M Ar Ael Mr
W | qrcAs TQ MUoU M iWi, oM l Aml xr Eq
rl MlU UoM LxO qleqO Mml sqOQ x `5.90 MUQ

The Bank has tie-up arrangements in both life and


non-life insurance segments under its Bancassurance
arm. The Bank earned a commission income of
`26.12 crore from its joint venture, viz., Canara HSBC
OBC Life Insurance Company Ltd. Under the Mutual
Fund business, the Bank earned a commission of
`5.90 crore from its joint venture, viz., Canara Robeco

32

M Mqzl Aei Mr W | qxx rlCOQ CQr oq Mml


sqOQ (rADADxLs) M xj Aml aPeQ urWuxj M
eUL aU eul (xqlrr) oq MUoU M iWi oM l Mqzl
M m q `13.80 MUQ M Ar Ael Mr W | uw 2013-14 M
SUl, Aml xuxj oq EimS M umhl M sL oM l qxx
Ams qlc Wsj CzUx Mml sqOQ M xj MmUO Lex
MUU Mr exM mUhqxu m, `73 sZ M Mqzl Aei
WA | mU pUi q Ts Aml zZA M eUL lri lir M
umhl M sL qxx LYmO QO aUO MmUzl AT CQr
M xj oM l MmUO Lex M MUU p Mr W |

Asset Management Company Ltd. A commission income


of `13.80 crore was earned under Non-Life (General)
Insurance business from its tie-up arrangement with
M/s United India Insurance Company Ltd (UIICL). During
2013-14, the Bank entered into a Corporate Agency
Agreement with M/s Apollo Munich Health Insurance Co.
Ltd for marketing their health insurance products, which
resulted in a commission income of `73 lakh. The Bank
also has Corporate Agency Agreement with M/s Export
Credit Guarantee Corporation of India for marketing
export policies through its branches across India.

MQ MUoU M iWi, QO u QoO-xW-LOLq MQ AkU


oRl M sL oM l MD mWs M | oM M Ms QoO MQ
AkU oRMU rj qc 2014 M 1.51 MUQ W ar |

Under Card Business, the Bank took several initiatives to


expand credit and debit-cum-ATM card base. The total
debit card base of the Bank increased to 1.51 crore as at
March 2014. Profit under card business during the year
was at `34.7 crore.

oM, Sz q 38 xjl M rW Ts 45 Qm xu MlS M eUL


l
lm xuL mSl MUi W | Cl MlS M eUL, oM Aml ZS
M Sss (oMa) Alwa qxx MlU oM xYrUOx sqOQ ,
qoD M eUL Q m aWM M Bl sCl OQa xuk mSl
MUi A UW W |

The Bank offers its Depository Services from 45 DP


Service Centres spread across 38 locations in the country.
Through these Centres, the Bank is extending Online
Trading Facility to DP clients from its own broking
subsidiary M/s Canara Bank Securities Limited, Mumbai.
Executor, Trustee and Taxation Services outfit of the Bank
provides services like Debenture/Security Trusteeship,
Will and Executorship, Trusteeship, Personal Tax
Assistance and Power of Attorney Services. During the
year, it generated fee based income of `2.22 crore.

oM M CMD - lr
lrx u MUkl xuL U QocU/mipi
lrxkUi, uxrilq u lwmSMMi, lrxkUi, urM MU
xWri ex xuL Lu qZiUlq xuL M ei W | uw M
SUl, Cxx `2.22 MUQ M Ar Aei WA |

The Bank handles various Government Business


products comprising Direct and Indirect Tax collections,
payment of pensions of Central Government and State
Government, Handling of Postal Transactions and State
Government Treasury Transactions, Public Provident
Fund Scheme and Senior Citizens Saving Scheme and
issue of Inflation Indexed Bonds of RBI. These products
contributed to improvement of CASA and also earned a
fee income of `90.58 crore during the year.

oM U up xUMU MUoU EimS elq mir u Amir


MU uxs, MlS xUMU u Uer xUMU M mzl M pail,
mxOs slSl u Uer xUMU M UeMw slSl, xuelM
puwr, lk u uUl laUM oci rel u pUir Ueu oM
M qSxTSi xco oQ M laq zqs W | uw M SUl
Cl EimS x Mx q xkU Se Wi WL `90.58 MUQ M zsM
Ar Aei WA |

The Bank provides several online payment services, viz.,


E-payment of Sales Tax/ Commercial Tax in Maharashtra,
Tamil Nadu, Karnataka, Andhra Pradesh, Bihar, Dadra &
Nagar Haveli, Odisha, Punjab, West Bengal and Delhi,
Virtual Treasury Package in Maharashtra, E-payment of
Taxes to Transport Department in Tamil Nadu, Collection
of Property Tax for the Corporation of Chennai in Tamil
Nadu and Bangalore in Karnataka, Online opening of PPF
Accounts and E-Stamping project in Jharkhand, Uttar
Pradesh, Tamil Nadu and Karnataka.

oM U MD Bl sCl pail xuL ex ur MU M


D-pail/ qWU, iqs lQ, MlOM, Ak mSz, oWU, SSU
u laU Wus, EQx, meo, mq oas u Sss q uher
MU, qWU q Apx (ucAs), iqs lQ q mUuWl upa M
MU M D-pail, iqs lQ q cD ij MlOM q oasU q
MmUzl M sL xm MU M uxs, xuelM puwr, lk
Zi M BlsCl Zi Zsl, fUZE, EU mSz, iqs lQ
u MlOM q D-xOqm mUrel |

33

oM M qlu xxkl uMx qsr (LqLcAUQ) ij


rADQLAD, lD Sss M AkMUM oMU M m q mkMi
Mr ar W | uw 2012-13 M SUl, oM l xuusol rel M
iWi AxaPi M sL Ur mzl mhs M Mrlui Mr
AU TsxuMm xuelM M oM q mjq xjl Aei
Mr | uw 2013-14 M SUl, Wql muUh M oRr W AU Cx
xjl M olr UZl M EqqS MUi W |

The Bank has been authorized as the accredited banker


for Ministry of Human Resources Development (MHRD)
and Unique Identification Authority of India (UIDAI),
New Delhi. The Bank implemented the National Pension
System for Unorganised Sectors under Swavalamban
Scheme during 2012-13 and occupied No. 1 position
amongst Public Sector Banks. During 2013-14, we have
extended the coverage and expect to retain the position.

oM M Mw lulqw MlS (LADx) l Ms 89 Mr M luWl


Mr |Cl 89 Mr q 62 qsrMl, 15 urruWri Akrrl, 12
uOa u mzh MlS zqs j | Cl Mr M Ms mUurrr,
qrS Gh bOM M iU mU `541 MUQ UW AU oM U
mxxa zsM M m q aU - ore Ar M Ael `1.78 MUQ
UW |

Agricultural Innovation Center (AIC) outfit of the


Bank handled 89 assignments. These 89 assignments
consisted of 62 appraisals, 15 viability studies, 12 vetting
and trainings. The total outlay of the assignments
worked out to a term loan component of `541 crore and
non-interest income derived by the Bank in the form of
processing fee was `1.78 crore.

Axi ahu

ASSET QUALITY

`5494
5494 MUQ M
Ao iM M xukM lMS uxs

All Time High Cash Recovery


at `5494 crore
Asset Quality

Axi a
ahu
u

The Bank performed well in containing NPAs and made


record cash recoveries, despite continued stress in the
asset quality at the industry level. With a Gross NPA of
`7570 crore, the gross NPA ratio came down to 2.49%
from 2.57% as at March 2013. The Banks gross NPA
ratio is the lowest among peer banks. With a Net NPA of
`5965 crore, the net NPA ratio came down to 1.98% from
2.18% a year ago.

Ea xiU mU Axi ahu q eU Sou M oueS Almrer


Axir M lri MUl q oM M lwmSl AcN UW AU
xukM lMS uxs M | Ms Almrer Axi 7570 MUQ
UW, Ms Almrer Axi Almi, rj qc 2013 M 2,57%
x bOMU 2.49% xiQU mU UW | oM M Ms Almrer Axi
M Almi, xqM oM q lqlliq UW | lus Alxmrer
Axi, `5965 MUQ UW, lus AlmrerM Almi LM uw M
mu M 2.18% x bOMU 1.98% xiU mU mWc ar |

Cash Recovery during 2013-14 aggregated to a record


`5494 crore compared to `4006 crore last year. Recovery
from technically written off accounts at `1247 crore
accounted for 16.8% to outstanding amount, including
recovery from loss assets at `754 crore. During the
year, the Bank also sold 60 NPA Accounts to Asset
Reconstruction Companies (ARCs) for consideration of
`1166 crore. During the year, an amount of `2853 crore
was upgraded on account of recovery/ rehabilitation
compared to `852 crore last year.

uw 2013-14 M SUl, lMS uxs q mNs uw M `4006


MUQ M isl q `5494 MUQ M AkMiq u Se WD |
iMlM iU mU o Zi Qs ar Zi x `1247 MUQ Aei
WA AU rW oMr Uz M 16.8% UW exq Wl Axir x
`754 MUQ p zqs W | uw M SUl, oM l Axi mlxUcl
Mmlr (AxO UMxOYzl Mmlr) M 1166 MUQ q Zi
M p o M | uw M SUl, uxs /mlux M MUh mNs
uw M 852 MUQ M isl q Ms `2853 MUQ AmaQ Mr
ar |

During the year, recovery amounting to `2100 crore was


made under SARFAESI Act. The Bank conducted 20700
recovery meets, which resulted in a recovery of `1015
crore. During the year, 16714 cases were referred to
Lokadalat, out of which, 9453 cases were settled, covering
an amount of `89.89 crore. Besides, the Bank took several

uw M SUl, xUTx Aklrq M iWi Ms `2100 MUQ M


uxs M ar | oM l 20700 uxs xok oPM M Arel
Mr exM mUhqxukm, `1050 MUQ Uz M uxs M ar
| uw M SUl, 16714 qqs sMASsi M pe ar, elq x
9453 qqs M lmOl Mr ar, exM Ms Uz `89.89

34

MUQ UW | CxM Asu, oM l Almrer Axi q Zi M


mUuil Wl x UMl AU AiSr Gh Zi x uxs q oRiU
sl M sL MD mWs M | Clq, xqr mU Souaxi Zi M
mlUcl/mllkUh MUl Wi Zi M mWcl MUl, LMoUa
lmOl (AOLx) M sL zZ ximU mU MlASsi AU
Acs xiU mU qa ASsi M Arel, xp MlS M eUL
Gh Zi q AiSr Uz M lrqi Aluil AU ApaWi
Axir M ur M sL D-lsq, xZi CUSil cMMiA
M ZsT xZi uxs Emr MUl zqs W | oM l NO
Almrer Axir (LlmL) (`10 sZ) M lmOl M sL LM
uzw rel p mri M exq zM Gh/OYOU Gh AU
1 MUQ x Mq M LqLxLqD Gh mU uzw krl MlSi Mr
ar | umaxi Zll q 2 Uer rl MlOM u au q LM
uzw LMoUa (AOLx) rel olr ar |

initiatives to contain slippages and speed up recovery


from overdue loan accounts. These include, identification
of stressed accounts for restructuring/rephasing in time,
conduct of Canadalats at branch level and mega adalats
at Circle level for one time settlements (OTS), regular
follow-up of overdues in loan accounts through all Centre
and conducting e-auctions for sale of seized assets,
initiation of stringent recovery measures against Wilful
Defaulters. The Bank also formulated a special Scheme
for settlement of small NPAs (upto `10 lakh), with a
special focus on Education Loan/ Tractor Loan and for
MSMEs below `1 crore. A special OTS Scheme for
distressed mining sector was put in place in 2 States, viz.,
Karnataka and Goa.

rj qc 2014 M oMr mlxUci Axi xupa `23205 UW


e Ms Aaq M 7.64% W |

As at March 2014, the outstanding restructured assets


portfolio of the Bank stood at `23205 crore, accounting
for 7.64% of gross advances.

eZq mokl

Risk Management

oxs III me mrmii Rc AU


pu Uhlir

BASEL III Capital Adequacy Framework and


Future Strategies

mkl Mrsr q oM q up eZq mokl mWs M xqa

An independent Risk Management Wing at the Head


Office is functioning as a nodal centre for overall
implementation of various risk management initiatives
across the Bank. Risk Management Sections are
functioning at all the 34 Circle Offices of the Bank as an
extended arm of the Risk Management Wing.

Mrlurl M sL xui m x eZq mokl upa lQs MlS


M m q Mr MU UW W | xp 34 Acs Mrsr q eZq
mokl Alpa Mr MU UW W e M eZq mokl upa M W
uxiUi Aa W |

The Bank has in place risk management policies across


geographies and across all risks encompassing the entire
gamut of risk profile. These include, policies on Credit
Risk Management, Operational Risk Management,
Market Risk Management, Asset Liability Management
and Group Risk Management.

oM q, pasM xiU mU AU xmh eZq mUZ x muUi


eZq mokl lir W | Clq, Gh eZq mokl, mUcsl
eZq mokl, umhl eZq mokl, Axi Sri mokl AU
xqW eZq mokl zqs W |
oM q, oxs II AU oxs III M xip 2 M iWi AiUM me

The Bank has in place an Internal Capital Adequacy


Assessment Process (ICAAP) under Pillar 2 of Basel II and
Basel III norms. The ICAAP exercise covers the domestic
and overseas operations of the Bank, the Subsidiaries,
Joint ventures, Sponsored entities and Associates.
Linkages to Stress Test Scenarios are also documented
in ICAAP. ICAAP document is reviewed and approved by
the Risk Management Committee of the Board and the
Board of Directors.

mrmi qsrMl mr (ADxLLm) lkUi W | ADxLLm


mr q oM M Szr AU xqSmUr mUcsl, Alwar,
xrr Eq, mrei CMCr AU xWra xxjl muUi
W | ADxLLm msZ q Sou mUh xok ch zqs
W | ADxLLm msZ M xq M ar W AU oQ M eZq
mokl xqi AU lSzM qQs U AlqSi W |
mkl Mrsr q me rel xqi W AU xqi, oM M me

A Capital Planning Committee is in place at Head


Office and the Committee articulates macroeconomic
scenarios vis--vis capital requirements of the Bank,

AmA M isl q AU MUoU Uhlir M isl q xq


AjM li M xxm ch mSl MUi W | xqi U, eZq

35

pUi Axi M isl q me M Emr xiU mU M Almi olr


UZl M oi xli M W AU me eOl M sL up
uMsm M qsrMl MUi W |

in tune with the business strategies. The Committee


ensures maintenance of appropriate level of Capital to
Risk weighted Assets Ratio (CRAR) and evaluates various
options for raising capital.

oxs II M iWi Ei SMh Amll


Gh, oeU AU mUcsl eZq M xok q me M mUcsl
Wi oxs III M iWi Ei MMh Rc M AU oRl M Aml
mrx q LMMi eZq mokl xqkl M qkrq x Eq M
rlurl M Ezr x oM l xu r ij xqW CMCr M sL
mUqzSi M lr M iM Ami eZq mokl Rc M
lqh MUl W xM |

Adoption of Advanced Approaches under Basel II


In an endeavour to move towards Advanced Approaches
under Basel II for computation of Capital for Credit,
Market and Operational Risk, the Bank has engaged
the services of a Consultant for implementation of
enterprise wide Integrated Risk Management solution
for itself and the group entities, so as to build requisite
risk management framework.

Eq-urmM LMMi eZq mokl xjzmir M Mrlurl M


mum M m q oM l eZq xqkl AZirU mmi| Mr
W exx M uW Ez qml SMh M AmA M mi MU
xM |

As a pre-requisite for the implementation of Enterprisewide Integrated Risk Management architecture, the Bank
has procured a Risk Solution that would enable it to meet
requirements of Advanced Measurement Approaches.

Gh eZq M sL me pU M mUcsl Wi AiUM UOa


AkUi SMh (ADAUo) Amll M sL oM l pUir Ueu
oM M Azr m mxii Mr W AU oeU xok eZq AU
mUcsl xok eZq M sL Ei SMh M AU oRl M
sL AuSl cUho m x mxii MUa |

The Bank has submitted Letter of Intent to RBI for adoption


of Internal Rating Based (IRB) Approach for calculation
of capital charge for Credit Risk and applications for
moving over to advanced approaches for Market Risk and
Operational Risk shall be submitted in a phased manner.
Preparedness for Basel III
The final guidelines on Basel III Capital Regulations
became effective from 1st April, 2013. As per RBI guidelines,
the transitional period for full implementation of Basel
III Capital regulations is extended up to 31.03.2019. The
banks in India need to maintain a minimum Common
Equity Tier 1 (CET1) capital of 5.50%, Tier 1 capital of
7.00%, Total Capital of 9% and Capital Conservation
Buffer (CCB) of 2.50% at end of March 2019. The banks
also have to maintain a minimum Tier 1 Leverage Ratio
of 4.5% during parallel run from 1st January, 2013 to 1st
January, 2017, as a credible supplementary measure to
the risk based capital requirements.

oxs III M sL irU


oxs III me ulrqus xok Aiq SzlSz 1 Ams, 2013
x mpu ol | pUir Ueu oM M lSzlSz M AlxU,
oxs III me ulrqus M mh rlurl M mUui Auk
M 31.03.2019 iM oR Sr ar W | qc 2019 M Ai iM
pUi q oM M 5.5.% M lrliq xql DYuO OrU 1 (xDO
1) me, 7.00% M OrU 1 me, 9% M Ms me AU 2.50%
M me mUUh oTU (xxo) M olr UZl M AuzrMi
W | oM M cWL M eZq AkUi me AmA M sWe
x uxxlr mimUM Emr M m q mUss Ul M SUl 1
eluU 2013 x 1 eluU 2017 iM 4.5% M lrliq OrU 1
suUe Almi p olr UZl Wa |

The Bank endeavours to remain adequately capitalized


and has drawn plans to meet the capital requirements
stipulated by RBI in transitory phase. The Bank has
adequate headroom to raise capital from the market,
including recapitalization support from the Government
of India. Moving ahead, the Banks capital requirement
shall be met by injecting fresh equity capital, retention
of profit, optimization of business levers and proactive
capital planning and management.

pUi xUMU x ml:meMUh xqjl mmi MUl xWi oeU x


me eOl M sL oM M mx mrmi xqr W | Aa oRi WL,
oM M me xok Am M mi - lr DYuO me sal,
sp oUMUU UZl, MUoU M CRiq xiU iM s el AU me
xok rel u mokl M eUL M e xMi W |

Credit Risk Management


The Bank has various risk management systems for
managing Credit Risk with comprehensive policies and
procedures in place.

Gh eZq mokl
Gh eZq M mok MUl M sL oM M mx up eZq
mokl mhsr W AU urmM lir u Mrukr lri W |

36

Gh eZq mokl li q lqlsZi M xok q xm SzlSz


zqs W:

eZq AkUi Mqi lkUh

eZq UOM M AkU mU zAi AuUk

EkUMiA M AiUM eZq UOa M AkU mU up


mkMUr /Gh AlqSl xqir M qeU zr M
mirrel |

The Credit Risk Management Policy articulates the


guidelines on:
Risk Based Pricing
Entry barriers based on risk rating.
Delegation of credit sanctioning powers to various
authorities/ Credit Approval Committees based on
internal risk rating of the borrowers.
An exclusive Credit Monitoring Policy has been put in
place. The loan review mechanism articulated in the Credit
Monitoring Policy covers the entire gamut of review and
monitoring as an effective tool for evaluating the loan
book continuously. It also intends to bring out qualitative
improvements in credit administration including Credit
Audit/ Pre-release Audit duly administered by the Credit
Administration and Monitoring Wing.

LM Asa eZq laUl li lkUi M ar W | Gh laUl


li q EssZi Gh xq i q xq u laUl xok mh
elMU muUi M ar W exx M Gh mxiM M saiU
m x qsrMl Mr e xM | CxM Ezr, Gh mzxl upa
U ukui m x lkUi Gh sZmU/mu-eU sZmU
xWi Gh mzxl q ahiqM xkU sl W |
oeU eZq mokl

Market Risk Management

oM M oeU eZq Rc M Ezr, eZq LYxmeU u


islr lrliq qlShQ M isl q oeU eZq LYxmeU
M mUqh M xok q lur (ClmOx) mSl MU AkMiq
misp mmi MUl W|

The Market Risk framework of the Bank aims at


maximizing the return by providing inputs regarding
the extent of market risk exposures, the performance
of portfolios vis-a-vis the risk exposure and comparable
benchmarks.

LMMi qQ-Mrsr AU qQ Mrsr- eZq mokl upa


M LMMi upa, oeU eZq LYxmeU mU laUl UZi W|
LYxmeU sqO, ex xOm sx sqO Bl OQa oM, up
qSA M xji M oU q COQ u AuUlCO xq, QsU-uU
xq, xMs AiU xq, qS oeU mUcsl M xqL, luz
mOTsr AU uLAU xq M sr xzki Auk M lkUh,
eZq luUM/EimUM M m q Mr MUl Wi lkUi Mr ar
W| Alr EimUM M xj Cl xqA mU laUl SlM AkU
mU UZ ei W| oeU eZq M mpu mokl Wi LM xSR
UmOa mhs lkUi M ar W|

Integrated Mid-Office and Mid Office - Integrated


Treasury of Risk Management Wing is monitoring Market
Risk Exposures. Exposure limits, such as, Stop Loss Limits
on Trading Book, intraday and overnight limit for various
Currency Positions, Dealer-wise limits, Aggregate Gap
Limit, Limits on Money Market Operations, Modifiedduration limits for Investment portfolio and VaR limits
are fixed to act as risk mitigants/ triggers. These limits
along with other triggers are monitored on a daily
basis. A robust reporting system is in place for effective
management of Market Risk.

mUcsl eZq mokl


oM q mUcsl eZq mokl M Rc, liM qsr, xaPliqM
xxMi AU xz mUcsl Mrukr mU AkUi W exq
MmUO qsr, AiUM lrh xxMi, mpu AiUM UmOa
AU AMxqM Arel xqWi W|

Operational Risk Management


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

oM l mUcsl eZq mokl Wi lir M Amlr W exq,


mUcsl eZq mokl Rc, BEOxxa aiukr AU
xii uruxr rel ex up mWs zqs W | uiql q
oM `oxM CQMOU Lmc'(oADL) M xjl mU `oxs II
Rc M Ei SMh `i M Amll M mr q W| oM l
``Ei SMh'' M Mrlurl M sr mr/aiukr mUp
MU S W|

The Bank has adopted polices for management of


Operational Risk, which covers various aspects, such as,
Operational Risk Management Structure, Outsourcing
Activities and Business Continuity Plan. At present,
the Bank is in the process of migration to Advanced
Approaches of Basel II framework from Basic Indicator
Approach (BIA). The Bank has initiated process/activities
for implementation of Advanced Approaches.

37

Axi Sri
i mokl
Axi Sri mokl mhs (LLsLq) cslk AU ore SU
eZq xok qqs M xsfi W iM Mqi-sai AiU,
spmSi Lu Sbuk uruWri M oc oWiU xisl olr
UZ e xM| oM M lSzM qQs l Axi Sri mokl xok
Mr, Axi u Sri M up bOM M sr ore SU M
lkUh, ElM xUcl, mUmYui u Auk- lkUh M Mr M
SZUZ MUl Wi `Axi Sri mokl xqi' (LLsxA) M
aPl Mr W|

Asset Liability Management


Asset Liability Management (ALM) system addresses
issues related to liquidity and interest rate risks in order
to maintain a good balance among spreads, profitability
and long-term viability. The Board of Directors of the
Bank has constituted an Asset Liability Management
Committee (ALCO) to oversee ALM functions, including
fixation of interest rates for various components of assets
and liabilities, its composition, maturity and duration.

xqW eZq
oM M up Alwar, xr Eq u mrei CMCr W, e
oWArq aiukr q sa WL W | YrM, oM M Cl xqWM
DMCr q mrmi WxxSU W, oM l `xqW eZq mokl li'
M Amlr W iM AiU xqW xuruWU M eZq M mWcl
MUi WL ElM Eci mokl Mr e xM AU xqWM DMCr
M oc Wi M OMUu x oci WL/Mq MUi WL, MmUO aulx
M xiU M EPr e xM AU urmU qlShQ M xok q Cl
DMCr M oc ``xui xuruWU M xi'' xli Mr e
xM |

Group Risk
The Bank has various Subsidiaries, Joint Ventures and
Sponsored Entities which are engaged in diversified
activities. As the Bank has considerable stake in these
Group Entities, it has adopted a Group Risk Management
Policy to identify and manage risk in Intra Group
Transactions and Exposures to raise the standard of
Corporate Governance by reducing /avoiding Conflicts
of Interest between the group entities and to ensure
Arms Length Principle among the entities, in regard to
business parameters.

Ur mjqMiL

NATIONAL PRIORITIES
Priority Sector Advances

mjqMi Aaq
oM, Mw, xq Lu sb Eq, z, Aux, xq xZ,
MqeU ua, Al.ei/el ei AU lS AsmxZrM xqSr
xWi Ur mjqMiA M up sr M mmi M qWiu
Si A UW W|

The Bank continues to accord importance to varied


goals under national priorities, including agriculture,
micro & small enterprises, education, housing, microcredit, weaker sections, SC/STs and specified minority
communities.

rj qc 2014 iM oM M mjqM Aaq q 23.8% M


uwluw Se Wi WL rW `97762 MUQ mr iM mWc ar AU
40% M Alur qlSQ M isl q xqrei lus oM Gh
(L Ll o x) M mi 42.52% M u Se WD |

Priority Sector Advances of the Bank as at March 2014


reached `97762 crore, recording a y-o-y growth of 23.8%
and achieved 42.52% to Adjusted Net Bank Credit (ANBC)
against 40% mandated norm.
(Amt. ` Crore)

(Uz ` MUQ q)
mjqMi Aaq

qc iM
2013

2014

u
Uz

Priority Sector
Advances

As at March
2013

Growth

2014 Amount

Ms mjqMi

78998 97762

18764

23.8

Total Priority Sector

78998 97762

18764

23.8

Mw

40786 48797

8011

19.6

Agriculture

40786 48797

8011

19.6

mir Mw

37984 44268

6284

16.5

Direct Agriculture

37984 44268

6284

16.5

With a focus on credit delivery to Agriculture, the Banks


advances under agriculture portfolio increased to `48797
crore, covering over 48 lakh farmers. Under agriculture
lending, the Bank achieved 21.22% to ANBC against 18%
mandated norm. During 2013-14, the Banks agriculture
credit disbursal increased to `41667 crore, with a y-o-y
growth of 23.5%.

Mw si xZ xuiUh M iWi oM M Aaq oRMU `48797


MUQ iM mWc ar W exq 48 sZ x AkM Mxl muUi
WL W| Mw Gh M iWi oM l 18% Alur qlSQ M mmi
Mr W| uw 2013-14 M SUl, oM M Mw xZ xuiUh
23.5% M uwluw u M xj `41667 MUQ iM oR |

38

mir Mw M iWi oM M Aaq 16.5% M uwluw u M


xj `44268 MUQ W ar W| oM l LLlox M iWi 13.5% M
Alur qlSQ M isl q 19.25% Se Mr | oM l Mxl/
aU-Mxl M TxsGh/xqlr QO MQ (exx) mSl
MUl Wi uzw Aprl csr|

Advances under Direct Agriculture increased to `44268


crore, with a y-o-y growth of 16.5%. The Bank achieved
19.25% to ANBC against 13.5% mandated norm. The
Bank undertook special campaigns for extending Crop
Loans/General Credit Cards (GCCs) facility to all farmers/
non-farmers.

mUp x Ao iM, oM l `33619 MUQ M 46.24 sZ Mxl


QO MQ (Mxx) eU Mr W| uw M SUl oM l `7095
MUQ mr M 4.97 sZ Mxl QO MQ eU Mr W| qc
2014 iM Mxl QO MQ M iWi oM M oMr Gh Uz
8031 MUQ j| oM l 5.35 sZ m Zi q x 5.16 sZ M
`Mxl m MQ'' eU MUM 96.44% M Emsok Wxs M W|

Since inception, the Bank has issued a total of 46.24


lakh Kisan Credit Cards (KCCs), amounting to `33619
crore. During the year, the Bank issued 4.97 lakh
KCCs, amounting to `7095 crore. As at March 2014,
the credit outstanding under KCCs was at `8031 crore.
The number of Kisan RuPay card issued was at 5.16
lakh against eligible accounts of 5.35 lakh, with an
achievement of 96.44%.

uw M SUl oM l Alr mjqMi , ex Uer U mrei


Alxci ei/Alxci el ei xaPl, Aux AU xq
xZ M iWi AjM xWri mSl M W|

During the year, the Bank also extended financial


assistance to other priority sectors, such as, state
sponsored organization for SCs/STs, housing and micro
credit.

oM l up xUMU mrei relA, ex `mklq


UeaU rel'(mLqAUuD), ``mklq UeaU aUO Mrq''
(mLqDem), xuheri aq xuUeaU rel (LxeLxuD),
``xuh eri zWU UeaU rel'' (LxeLx AUuD), qs Rl
us M q Lu mlux rel (LxLsAULx) ij upSM
ore SU (QAUAD) rel q xr m x pa sr|

The Bank actively participated in various Government


Sponsored Schemes, such as, Prime Ministers Rozgar
Yojana (PMRY), Prime Ministers Employment Generation
Programme (PMEGP), Swarnajayanthi Gram Swarozgar
Yojana (SGSY), Swarnajayanthi Shahri Rozgar Yojana
(SJSRY), Scheme for Liberation and Rehabilitation of
Scavengers (SLRS) and Differential Rate of Interest (DRI)
Scheme.

rj qc 2014 iM lqlsZi xUMU relA M iWi MUo


2.07 sZ spjr mU Ms oMr Aaq `817 MUQ UW |

As at March 2014, the outstanding advances under the


following Government Schemes, aggregated to `817
crore, involving around 2.07 lakh beneficiaries.

xUMU mrei up relA M iWi lwmSl Uz


(` MUQ q)
rel M lq
Zi M xZr
Uz
mLqAUuD
14184
138.24
mLqDem
8473
256.51
LxeLxuD
31542
181.29
LxeLxAUuD
13668
94.20
LxLsAULx
442
1.40
QAUAD
138455
145.19
Ms
206764
816.83

Performance under various Government Sponsored


Schemes
(Amt. ` Crore)
Name of the Scheme No. of Accounts
PMRY
14184
PMEGP
8473
SGSY
31542
SJSRY
13668
SLRS
442
DRI
138455
Total
206764

Amount
138.24
256.51
181.29
94.20
1.40
145.19
816.83

upSM ore SU (QAUAD) M iWi `138455 spjr M


`145.19 MUQ M Aaq mSl Mr exq x aqh u Akaqh zZA M Sr ar Aaq `101.36 MUQ UW |

Advances to DRI stood at `145.19 crore, consisting of


138455 beneficiaries, of which, advances by rural and
semi-urban branches constituted `101.36 crore.

xqe M Asmxuk mmi ua M xqjl q rj qc 2014 M


Ae/Aee spjr M oM l 594 sZ EkUMiA M
muUi MUi WL `6102 MUQ M Aaq mSl Mr | A e /

In support of the underprivileged sections of the society,


the Banks advances to SCs/STs beneficiaries amounted
to `6102 crore as at March 2014, covering 5.94 lakh

39

Aee M Sr ar Aaq Ms mjqMi M Sr ar Aaq


M 6.24% UW |

borrowers. The advances to SCs/STs comprised 6.24% of


total priority sector advances.

xqe M MqeU ua M Sr ar Ms Aaq `29871 MUQ


UW exq uwluw M u 13.8% UW | 10% M Alur qlSQ
M isl q xqe M MqeU ua M mSl Mr ar Aaq
LLlox M 12.99% UW |

Advances to weaker sections aggregated to `29871


crore, with a y-o-y growth of 13.8%. Advances to weaker
sections formed 12.99% to ANBC against mandated
norm of 10%.

rj qc 2014 M MqeU ua M Sr ar Aaq M up


bOM
(` MUQ q)

oMr

Various components of Advances to Weaker Sections as


at March 2014 is as under:
(Amt. ` Crore)

sb u qel MwM, pqWl qM Mzi


MU, MwM u oODSU
MUaU, aq AU MOU Ea
A e / A e e spj
Q AU AD Gh
LxeLxuD spj
LxeLxAUuD spj
LxLce/LleA/LqLTAD
LxLsAULx M Aaq

Sectors
Outstanding
Small & Marginal Farmers, Landless
Labourers, Tenant Farmers and Share
Croppers
25279
Artisans, Village and Cottage Industries
733
SC/ST Beneficiaries
6102
DRI Loans
145
SGSY Beneficiaries
181
SJSRY Beneficiaries
94
SHGs/NGOs/MFIs
1902
Advances to SLRS
1.40

25279
733
6102
145
181
94
1902
1.40

As at March 2014, advances to specified minority


communities aggregated to `17785 crore, accounting for
18.19% of the total priority sector advances against the
stipulated level of 15%.

rj qc 2014 M lS Asmlx
Asml xZrM xqSr M Sr ar
Ms Aaq `17785 MUQ UW e 15% M lkUi xjU M isl
q Ms mjqMi M Sr ar Aaq M 18.19% UW |
Ur aq euM qzl

National Rural Livelihood Mission


Under the Aajeevika (National Rural Livelihood Mission)
implemented by Ministry of Rural Development,
Women Self-Help Groups (WSHGs) credit linked after
01.04.2013 would be provided credit facilities at 7%
up to `3.00 lakh. Further, prompt repaying WSHGs will
get additional interest subvention at 3%. Presently, the
Scheme is being implemented in 150 Category-I Districts.
Canara Bank was selected to act as the Nodal Bank for
implementation of the Scheme and MoU was signed with
Ministry of Rural Development, Government of India.
An exclusive web portal was developed for submission
of claims by member banks through online mode. The
Bank submitted the claims uploaded by the member
banks up to 31.03.2014, amounting to `30.73 crore and
earned a commission/handling charges of `26.75 lakh.
In addition to the above, we have liaised with the State
Rural Livelihood Mission, ensured Nodal Bank role at
State level in Karnataka and Tamil Nadu.

aqh uMx qsr U Mrlui AeuM (Ur aqh


euM qzl) M iWi rj 1.4.2013 M oS Gh x xo
qWs xu-UeaU xqW (Qosr LxLce) M `3.00 sZ
iM M Uz M sL 7% M SU x Gh xuk qWr MUr
eLa | Aa, iuUi m x Gh M cMi MUl us qWs
xu-xWri xqW (Qosr Lx Lc e) M 3% M AiU,
ore AjM xWri mSl M eLa | uiql q Cx rel
M Mrlurl 150 ua - 1 M es q Mr e UW W | Cx
rel M Mrlui MUl M sL MlU oM M lQs oM M
m q crl Mr ar AU aqh uMx qsr, pUi xUMU
M xj xWqi ml mU Wxi U Mr ar | Bl sCl qkrq
M eUL xSxr oM U Su M mxii M sL LM Asa
uoxCO mOs uMxi Mr ar | oM l xSxr oM U
SlM 31.3.2014 iM AmsQ Mr ar xp Su M mxii
M aD exM Ms Uz `30.73 MUQ UW AU Tsxum
`26.75 sZ M Mqzl / WQsa mpU Aei Mr | EmU
M Asu, Wql Uer, aq euM qzl M xj xmM olr
UZi WL MlOM u iqslQ q Uer xiU mU lQs oM M
pqM lpD |

MSME Lending
Advances to MSMEs increased to `50040 crore as at
March 2014, with a y-o-y growth of 35.2%. Credit to
M&SE segments rose to `36703 crore, with a 37.9%

LqLxLqD EkU
rj qc 2014 M xq sb u qkrq Eq (LqLxLqD) M
mSl Mr ar Aaq `500.40 MUQ UW exM uwluw u

40

35.2% UW | qkrq u sb Eq (Lq u Lx D) ua M Sr ar


Aaq `36703 MUQ UW AU Cxq Alur 20% qlM M
isl q 37.9% M u Se WD | qkrq u sb Eq (LqLxLqD)
q xq Gh M Wxx mNs uw M 32.85% M isl q xkU
Se MUi WL 55.84% UW | Ms xq Eq Zi M xZr q
u WD AU Cxq 10% M Alur qlM M isl q 99.9%
M u Se WD |

growth against mandated 20% norm. Share of Micro


credit in M&SE improved to 55.84% from 32.88% last
year. The number of Micro Enterprises Accounts recorded
a growth of 99.9% against mandated norm of 10%.

LqLxLqD M Sr ar qWiu M qleU UZi WL oM l


uw M SUl 3 AiU 5 LxLqD xsp rl Gh mxiu M
zb lmOl Wi 71 uzwMi LxLqD zZA M Zs | rj
qc 2014 M Sz q oM M 44 LxLqD xsp u 143 LxLqD
uzwMi zZL j | aWM Ael ij ElM xWri M sL
5 xjl q LqLxLqD MUoU xUsMUh MlS xjmi ML aL |

Considering the importance attached to MSME


sector, the Bank opened additional 3 SME Sulabhs, i.e.,
Centralized Loan Processing Units for faster clearance
of loan proposals and also opened 71 Specialized SME
branches during the year. As at March 2014, the Bank
had 44 SME Sulabhs and 143 SME specialized branches
across the country. MSME Business Facilitation centres
were established at 5 places for customer acquisition
and assistance.

uw M SUl LqLxLqD Gh M iWi MD lr relA M


zAi M aD W elq MlU LqLxD mai, MlU LqLxD
Ei, MlU LqLxD xiMU u nsuU W | ClM Asu, uw M
SUl oM l 8 AiU /xqW (YsxOU) uz relA
M mUp Mr AU CxM xj Mus LqLxLqD M iWi Sr
elus Gh xok relL oRMU 18 W ar W |

Several new Schemes under MSME credit launched


during the year include Canara MSE Pragati, Canara MSE
Unnati, Canara MSE Satkar and Flavour. Apart from these,
the Bank introduced additional 8 area/cluster specific
schemes during the year, taking the total tally to 18 for
exclusive lending under MSME sector.

uw M SUl MD xWqi ml WL iM LqLxLqD M Gh


muW xli W xM | LqLxLqD mxi u M AEOxx MUl
M Ezr x oM l xAD-LqLxLqD AU LlLxADx M xj
xWqi ml Mr | LqLxLqD CMCr M UOa M sL o
Gh UOa Lelxr rl Cxs sqOQ, LxLqD UOa Lelx
BT CQr sqOQ (LxLqDAUL), xLAUD, ADxAUL,
ALlADxAUL AU oMuYx UOa CQr mCuO sqOQ
M xj xWqi ml Mr ar | qxx AzM ssQ sqOQ,
qxx oee BO sqOQ, qxx qWlS LQ qWlSq sqOQ,
qxx OO qOx sqOQ, qxx usuQ DcU qOx sqOQ
u qxx OuLx qOx sqOQ M xj xWqi ml Mr
ar exx M El Mmlr M uherM uWl M umwh
Mr e xM | EQx OscMix MlS M xjlmi MUl
M sL iMlM z u mzh lrx (AOODO) - orMl
TEQzl EQx M xj xWqi ml Mr ar | oasU q BO
UYz M umwh M sL j uWrsx rlUCOQ CQr xuxx
mCuO sqOQ (lqq BO) M xj xWqi ml Mr ar |
Aj qua qzlUr /uWl M umwh Wi qxx oDLqLs
sqOQ u qxx AzM ssQ el QU mCuO sqOQ M xj
xWqi ml Mr ar |

Several MoUs were entered to facilitate credit flow to


MSME segments during the year. The Bank entered into
MoU with CI-MSME and NSIC for sourcing of MSME
proposals. MoUs were also entered with CRISIL Ltd, SME
Rating Agency of India Ltd (SMERA), CARE, ICRA, ONICRA
and Brickworks Ratings India Private Ltd, the external
Credit Rating Agencies for rating of MSME units. MoUs
were entered with M/s Ashok Leyland Ltd, M/s Bajaj Auto
Ltd, M/s Mahindra & Mahindra Ltd, M/s TATA Motors Ltd,
M/s Volvo Eicher Motors Ltd and M/s TVS Motors Ltd, for
financing commercial vehicles of these Companies. MoU
with Orissa Trust of Technical Education and Training
(OTTET) - Biocon Foundation entered for establishing
Telemedicine Centres in Odisha. MoU was entered with
Three Wheels United India Services Pvt Ltd (Namma
Auto) for financing Auto Rickshaws in Bangalore. MoU
with M/s BEML Ltd and M/s Ashok Leyland John Deere
Pvt Ltd entered for financing earth moving machineries/
vehicles.
The Bank launched Sahayatha - a helping hand in
cases of incipient sickness of units facing stress so that
they can overcome the situation through restructuring/
rehabilitation. The Bank entered into MoU with CRISIL
and CARE for due diligence of entrepreneurs. The
Bank also enabled e-Suvidha, to facilitate MSME loan
applications and MIS.

Souaxi CMCr M AUpM ahi M qqs q xWri


mSl MUl Wi oM l 'xWri' M zpUp Mr iM mlux /
mlxUcl M eUL xji q xkU sr e xM | oM l Eqr
M Eci Akruxr M sL Cxs u MLAUD M xj xWqi
ml Mr | LqLxLqD Gh AuSl AU LqADLx xxkrM
MUl Wi oM l D-xuk xqji Mr |

The Bank received an amount of `15.92 crore from


the Ministry of Micro, Small and Medium Enterprises,
Government of India, during the year as a Nodal Agency
for Technology Upgradation of SMEs under Credit Linked

xZ xo me AjM xWri rel (xLsxLxLx) M


iWi LqLqD M iMlM xiUllrl Wi lQs Lelx M m q
oM l uw M SUl xqM, sb u qkrq Eq, pUi xUMU x

41

`15.92 MUQ M Uz mmi M AU uw M SUl Cx mU Uz


M lqcl Mr ar |

Capital Subsidy Scheme (CLCSS) and fully released the


amount during the year.

ur xquzl

Financial Inclusion

ur xquzl M mi xqa SMh

A Holistic Approach to Financial Inclusion

MT AkM xZr q xu M SrU x oWU UW ar eli M oMa


M qZrkU M Aiai sl M qs Ezr x ur SrU x oWU
u uzw m x xqe M xqi ua M ur EimS u xuA
M qWr MUl M eUL oM l Aml mrx eU UZ W | pUi
xUMU u pUir Ueu oM M lSz AlxU, oM l uzw m
x cU qZr xqW rl oMa AuxUcl uxiUi MUl, Eci
ur EimS M Emsok MUl, iMlM M urmM u aWl mra
AU xqjl u WikU M mipai M eUL Wxim MUi WL
ur xquzl (LTAD) M Mr M Airi xri M xj eU
UZ W |

With the basic objective of bringing the large unserved


population under the banking mainstream, the Bank
is striving towards a more inclusive growth by making
financial products and services available to financially
excluded and marginalized sections of society in
particular. As per the Government of India and the Reserve
Bank of India directions, the Bank has been actively
pursuing the agenda of Financial Inclusion (FI), with key
interventions in four groups, viz., expanding banking
infrastructure, offering appropriate financial products,
making extensive and intensive use of technology and
through advocacy and stakeholder participation.

oM l 2000 x AkM M AoS us xp AoOi 1624


au (24 Uer q Ts) M oMa xukL qWr MUl Wi
xTsimuM muUi Mr W | 2000 x AkM M AoS us
ua M iWi au M muUi MU sr el M oS oM l 2000 x
Mq M AoS us ua M 3860 au M muUi Mr |

The Bank has successfully covered all the allotted 1624


villages (spread across 24 States), with population above
2000 for providing banking facilities. After ensuring
coverage of villages in more than 2000 population
category, the Bank has covered 3860 villages in less than
2000 population category.

uw M SUl, oM l u r xquzl/oMa xuk UWi au


q 261 zZL Zs AU Cx mMU zZ qQs M iWi ur
xquzl us Ms zZL oRMU 536 W aD | oM l il
MmUO MUoU milkr (ox) lqi: qxx COa qC
xxOqx (m.) sqOQ, qxx Tl mOM ij qxx xLxx
C-aulx xuxx CQr sqOQ M zqs MUi WL MUoU
milk (ox) qQs M iWi 2402 MUoU milk LeO
(oxL) M lr Mr W | uw 2011-12 M SUl, Zs ar
30 AsO sb zZA, uw 2012-13 M SUl Zs aD 512
AsO 1 sb zZA AU uw 2013-14 M SUl Zs ar 2
AsO sb zZA (rLxo) q x 28 M zZA M m q
xiUrl Mr ar W |

During the year, the Bank opened 261 branches in FI/


unbanked villages, taking the total tally of FI branches
to 536 under branch model. The Bank has engaged 2402
Business Correspondents Agents (BCAs) under Business
Correspondents (BC) model by engaging three Corporate
BCs, viz., M/s Integra Micro Systems (P) Ltd, M/s Fino
Paytech and M/s CSC e-Governance Services India Ltd.
Out of 30 Ultra Small Branches (USBs) opened during
2011-12, 512 USBs during 2012-13 and 2 USBs during
2013-14, 28 of them have been upgraded as branches.

lr ur xquzl us zZA q MUoU M mcU-mxU


MUl

Business canvassed in the new FI Branches

uw 2011-12 M SUl, 171 ur xquzl us zZL Zs


ar, Ms `2018 MUQ M MUoU eOr AU 10.87 sZ Zi
x Axil MUoU `11.80 MUQ UW | Cl zZA M Mx
eq 63.75% UW |

171 FI branches opened during 2011-12, mobilized a


total business of `2018 crore, with an average business
of `11.80 crore from 10.87 lakh accounts. CASA deposits
of these branches constituted 63.75%.

uw 2012-13 M SUl 64 ur xquzl zZL Zs ar,


Ms `539 MUQ M MUoU eOr AU 2.77 sZ Zi x
Axil MUoU `8.43 MUQ UW | Cl zZA M Mx eq
62.81% UW |

64 FI branches opened during 2012-13, mobilized a


total business of `539 crore, with an average business
of `8.43 crore from 2.77 lakh accounts. CASA deposits of
these branches constituted 62.81%.

42

uw 2013-14 M SUl 261 ur xquzl zZL Zs ar,


Ms `538 MUQ M MUoU eOr AU 3.34 sZ Zi x
Axil MUoU `2 MUQ UW | Cl zZA M Mx eq
63.55% UW |

261 FI branches opened during 2013-14, mobilized a


total business of `538 crore, with an average business of
`2 crore from 3.34 lakh accounts. CASA deposits of these
branches constituted 63.55%.

qs oci oM eq (oLxoQ) Zi M xji


oM l uw M SUl 26.40 sZ oLxoQ Zi Zs elq x
10.74 sZ qs oci oM eq (oLxoQ) Zi ur xquzl
us au q Zs ar | rj 31.03.2014 M Ms oMr qs
oci oM eq (oLxoQ) Zi M xZr 85.46 sZ UW AU
oMr eq `1647 UW |

Position of Basic Savings Bank Deposit (BSBD) Accounts


The Bank opened 26.40 lakh BSBD accounts during
the year, out of which, 10.74 lakh BSBD accounts were
opened in FI villages. Total number of BSBD accounts
outstanding as on 31.03.2014 was 85.46 lakh, with an
outstanding deposits of `1647 crore.

Gh xoi
ur mWc xli MUl M Sz q oM U Mr ar LM
AU xjM mrx W eW oM l MlU lr Sz rel M
iWi Cl-osO AuU QnO (ADAQ), Mxl QO MQ
(Mxx), xqlr QO MQ (exx), upSM ore SU rel
(QAUAD), xu xWri xqW (LxLce), xq Gh xqW
(Lqxe), xq oq u xq mzl ex up Alr xukL
mSl M W |

Cl-osO AuU QnO ADAQ - `43.65 MUQ Uz x


3.22 sZ spjr M Cl-osO AQ xuk M Alqi
S ar |

Mxl QO MQ (Mxx) - uw M SUl, oM l `7095


MUQ Uz x 4.97 sZ spjr M eU Mr rj
qc 2014 M Mxx M iWi Gh M oMr `7095 MUQ
UW |

xqlr QO MQ (exx) - uw M SUl oM l 1.99


sZ exx eU Mr exM Ms xuiUh `461 MUQ
UW | uwi iM 3.89 sZ Zi xWi exx q oMr
`832 MUQ UW |

Credit Linkage
Financial deepening is yet another endeavour by the
Bank in providing various other facilities like In-Built
Overdrafts (IODs), Kisan Credit Cards (KCCs), General
Credit Cards (GCCs), Differential Rate of Interest Scheme
(DRI), Self Help Groups (SHGs), Micro Credit Groups
(MCGs), Micro Insurance and Micro Pension under Canara
Nayee Disha Scheme.
IODs - In built OD facility permitted to 3.22 lakh
beneficiaries, amounting to `43.65 crore.

KCCs - During the year, the Bank issued 4.97 lakh KCCs,
amounting to `7095 Crore. As at March 2014, the
credit outstanding under KCCs was at `8031 crore.

GCCs - The Bank issued 1.99 lakh GCCs during the


year, with total disbursement of `461 crore. GCCs
outstanding at the end of the year was 3.89 lakh
accounts, with a balance of `832 crore.

QAUAD - uw M SUl oM l QAUAD rel M iWi


98000 urr M umwi Mr exM Aiai `461
MUQ M Ms xWri mSl M ar | uwi iM 1.38 sZ
Zi xWi QAUAD q oMr `832 MUQ UW |

DRIs- During the year, the Bank financed 98000


persons under DRI Scheme, with total assistance of
`128 crore. DRI outstanding at the end of year was
1.38 lakh accounts, with a balance of `145 crore.

xu-xWri xqW (LxLce) - uw M SUl 25741 xu


-xWri xqW (LxLce) M aPl Mr ar | Ms `832
MUQ xWi 47076 xu - xWri xqW (LxLce) Gh
xo WL | uwi iM 92117 sZ LxLce Zi xWi
LxLce q oMr `1902 MUQ UW |

SHGs - 25741 SHGs were formed during the year.


Credit linked 47076 SHGs, with credit of `821 crore.
The outstanding SHGs at the end of the year stood at
92117 accounts, with a balance of `1902 crore.

Micro Insurance

xq oq
uw M SUl oM l xq oq li M iWi 61247 oLxoQ
ZikUM M oq muUh qWr MUr |

The Bank provided life coverage to 61247 BSBD account


holders under Micro Insurance Policy during the year.
Electronic Benefit Transfer (EBT)

CsYOlM sp AiUh (DoO)


MlOM M cSa, ossU, asoa u rSaU es q qWiq
ak Ur aq UeaU aUO Aklrq (LqeLlAUDeL)
qeSU AU xqeM xU mzl (LxLxm) AS MUl M

The Bank took up implementation of EBT for payment of


Mahatma Gandhi National Rural Employment Guarantee
Act (MGNREGA) wages and Social Security Pension (SSP)

43

Ezr x oM l CsYOlM sp AiUh (DoO) Mrlui MUl

in Chitradurga, Bellary, Gulbarga and Yadgir districts in


Karnataka. In Tamil Nadu, the Bank implemented EBT
for the payment of SSP. The payments are done through
BCAs in Chitradurga in Karnataka and in all districts of
Tamil Nadu.

M oQ EPr | iqslQ q oM l LxLxm M pail MUl M


sL CsYOlM sp AiUh (DoO) Mrlui Mr | MlOM
q cSa q ij iqs lQ M xp es q pail oxL M
qkrq x Mr ei W |

Micro Finance Branches

xq u zZL
zZA l Ms `344 MUQ M MUoU eOr W |

The Bank has opened 20 Micro Finance Branches in urban


centres. These branches mobilized a total business of
`344 crore.

MlU aqa rel

Canara Gramodaya Scheme

19 luoU 2013 M oM M xxjmM Sux M AuxU mU, oM

On 19th November 2013, the Banks Founders Day, a new


Scheme called Canara Gramodaya was launched for
holistic development of 65 villages and 3 slums adopted
by the Bank for bringing in socio-economic and cultural
changes through credit and non-credit support.

oM l zWU MlS q 20 xq u

zZL Zs W | Cl

U aS sr ar 65 au u 3 faa fmQr M xW qrl q


uMx xli MUl M Ezr x MlU aqa lqM LM lD
rel M zpUp Mr ar iM xZ u aU-xZ xqjl M
eUL xqeM - AjM u xxMiM mUuil sr e xM |
uir xUi MlS (LTLsx)

Financial Literacy Centres (FLCs)

oM l Aq sa M ur xUi mSl MUl M sL 60 uir

The Bank has set up 60 FLCs to provide financial education


to common man. So far, these FLCs have contacted
7.38 lakh persons and counselled 1.19 lakh persons.

xUi MlS xjmi Mr W | Ao iM Cl xUi MlS l 7.38


sZ sa x xmM Mr W ij 1.19 sa M xsW S W |

The Bank has conducted various Financial Literacy


activities as under:

oM l up xUi rMsm lqlui Arei ML W:

xMs o M sL ur xUi: oM l xUMU mjqM


M xMs o M LleA M qkrq x OosO mx M

Financial literacy for the school children: Imparted


financial literacy to the school children of Govt.
Primary schools through simple games using tablet
PCs by engaging an NGO. The children learnt about
the Bank, money and savings while playing the
games, which was appreciated by both parents and
school teachers.

Financial literacy for the school teachers: The Bank


conducted a financial literacy programme for the
School teachers in 5 Govt. rural schools in Chitradurga
District, Karnataka, in association with M/s AGEs,
Mumbai.

Training programme for the leaders of the SHGs: The


Bank conducted training programme for the leaders
of the SHGs by engaging International Network of
Alternative Financial Institutions (INAFI) India, an
NGO. 24 such programmes were conducted in Tamil
Nadu, Karnataka and Kerala and 1057 SHG leaders
were trained. The SHG leaders, in turn, trained their
members.

Cxiqs x xUs Zs M qkrq x ur xUi mSl


Mr W | o Zsi xqr oM, mx u oci M oU q xZ
xM, ex ApuuM u xMs zM U xUW ar|

xMs zM M sL ur xUi: oM l MlOM M


cSa es M 5 xUMU aqh xMs q qxx LeD,
qqoD M xj xMs zM M sL ur xUi Mrq
Arei Mr |

xur xWri xqW liiu M sL mzh Mrq:


oM l COUlzls lOuM BT AsOUlOu TClxrs
CxOzl CQr LM LleA M xj xur xWri xqW
mqZ M sL mzh Mrq iqslQ, MlOM AU
MUs q Arei ML | Lx 24 Mrq Arei MUM
1057 xur xWri xqW mqZ M mzi Mr ar |
xur xWri xqW mqZ l Aa Aml xSxr M mzi
Mr |

44

EU mSz q xMs o M mzh(E.m.): oM l EU


mSz q qxx lzls Lxzrl BT xMs mTzls M
xj AaU u AsaR mirM M 30 xMs lq sapa 30000
N M mzh Ssr| mjq cUh q 60 Mrq M mU
Mr ar | SxU cUh zb W AUp Mr eLa|

`ral' M qkrq x ur xUi: oM l MlOM M EU


MlU AU zqa es q sMmr sM Ms `ral' M
qkrq x ur xUi Mrq Arei Mr W|

Mxl Yso : oM l maizs Mxl M xo MUi


WL 934 Mxl Yso aPi ML W e xucN x QO M
qkrq x uMx M xi M mxU AU oWiU pail
liMi M eal AU paSU M oRu Sl M sL Mr
MU UW W |

Training of school children in Uttar Pradesh (UP):


The Bank took up training of school children in UP, in
association with M/s National Association of School
Professionals (NASP) in 30 schools each in Agra and
Aligarh districts to train about 30000 students. The
1st Phase of the programme was completed in 60
schools. 2nd Phase will be taken up shortly.

Financial literacy through Yakshagana: The Bank


also conducted financial education programmes
through Yakshagana, a popular folk art in Shimoga
and North Canara Districts in Karnataka.

Farmers Clubs: The Bank has formed 934 farmers


clubs through associating progressive farmers,
who volunteered to disseminate the principles of
development through credit and also inculcate
better repayment ethics and promote participation.

MlU aqh uMx uWl uWl: aqh sa q oM EimS


u oMa xuk M oU q eaMi mS MUl Wi Sz pU
q 38 es q MlU aqh uMx uWl uWl ili ML
aL W |

Canara Gramin Vikas Vahini Vehicles: Canara Gramin


Vikas Vahini Vehicles in 38 potential districts across
the country have been deployed to create awareness
about Banks products and Banking facilities among
the rural households.

MqM oYx: oM ur xUi u z M sL 08


pwA q MqM oM Aji `qS AU oci' p sr
W | Aah es Mrsr, aqh zZL, ur xUi
MlS, AU Mxl Yso M U r mxiM aqh sa M
Emsok MUr ar j |

Comic Books: The Bank has also brought out a


comic book, viz., Money and Savings on financial
literacy and education, in eight languages. The
Book was made available to the rural people through
Lead District Offices, Rural Branches, FLCs and
Farmers Clubs.

AkU lqMl
10 Uer q 2.37 sZ luxr M muUi MUi WL AkU
lqMl M sL mreM mUrel AUqp M aD W | oM,
pUir uz mWcl mkMUh M xj AkU mr mqhl
(LrL) xqfi mU WxiU MUi WL mWs W xqfi MU cM
W AU pUir Ur pail laq(LlmxAD) M xj AkU
xqji pail mhs (LDmLx) u AkU pail oe mhs
(LomLx) M sL p xqfi Mr W | oM pUir Ur
pail laq (LlmxAD) AU rADQLAD (pUir uz
mWcl mkMUh) M oQ q W | oM Lsme xoxQ M mir
QO M mraM mUrel q p pa s UW W |

AADHAAR Enrolments

mir sp AiUh (QoO) rel Mrlurl


mir sp AiUh Mrlurl M mjq u ir cUh q oM l
Aah oM U Emsok MUL aL mir sp AiUh spj M
oci oM Zi Zs W AU ElM Zi M AkU lqoU M xj
eQ Sr W | xqeM WMSUr M spj M Zi q mir
AiUh M sL Cl AkU xZrA M Ll m x AD QO M
xj qma M aD j | spj M sL ElM xuklxU Axl

In the 121 Districts in Phase I and Phase II of DBT


implementation, the Bank opened SB accounts of the DBT
beneficiaries provided by the Lead Bank and seeded their
accounts with their Aadhaar numbers. These Aadhaar
numbers were also mapped with NPCI data to facilitate
direct transfer of social entitlements to the beneficiaries
accounts. The Bank also ensured adequate number of

Pilot Project for Aadhaar enrolments is undertaken in


10 States, covering 2.37 lakh residents. The Bank has
already entered into agreement with UIDAI by signing
Aadhaar User Authentication (AUA) Agreement and
with National Payments Corporation of India (NPCI) for
Aadhaar Enabled Payment System (AEPS) and Aadhaar
Payment Bridge System (APBS). The Bank is on-board
with NPCI and UIDAI. The Bank is also participating in
pilot project for direct credit of LPG subsidy.
Implementation of Direct Benefit Transfer (DBT) Scheme

45

x qS AWUh Wi oM l p rjci xZr q Apaql MlS


(LYxx muCO) rj, zZ, LOLq ,lMS QxmxU, oxL CirS
xli Mr W |
xqa m q oM
es M xZr
pa sl us zZA M xZr

access points, i.e., branch, ATM, cash dispenser, BCA, etc


to enable the beneficiaries to easily withdraw the money
as per their convenience.

rj 31.03.2014

Bank as a Whole

121

As on 31.03.2014

No. of Districts

121

1181

No. of Branches participating

1181

Zs aL lL Zi M xZr

129602

No. of New accounts opened

129602

AkU x eQ aL Zi M xZr

103350

No. of A/cs seeded with AADHAAR

103350

zZ xji LOLq M xZr

1181

No. of Branches with onsite ATM

1181

oM l Ls m e mir sp AiUh Mrlurl M iWi Lsme


aWM M AkU xZr M xj eQl q MUs q mjq xjl
mmi Mr W |

Under DBT LPG implementation, the Bank achieved


number one position in Aadhaar seeding of LPG customers
in Kerala.

Aah oM rel
Ur Uekl Sss M 03 qO es q oM M AiU Aah
oM EUSriu Sr ar W | CxM xj W oM M Aah oM
EUSriu M xZr oRMU Sz M 29 es q W aD W elq
x MlOM q 08, iqslQ q 07 MUs u EUmSz q 05, Sss
q 03 AU oWU q 01 es q W | MUs q rW oM UerxiUr
oMx xqi (Lx o Lxs x) M xreM W |

The Bank has been assigned additional lead bank


responsibilities in 3 Metro Districts of Delhi National Capital
Territory. With this, the Banks lead bank responsibilities
increased to 29 districts in the country, viz., 8 in Karnataka,
7 in Tamil Nadu, 5 in Kerala, 5 in Uttar Pradesh, 3 in Delhi
and 1 in Bihar. The Bank is the Convenor of the State Level
Bankers Committee (SLBC) in Kerala.

Lead Bank Scheme

Entrepreneurship Development among Women

qWsA q Eqi uMx


qWsA M AjM xzMUh M sL mkl Mrsr,oasU
q qWs Eqi uMx MlS (xDQQosr) AU 34 Acs
Mrsr q MlS Mr MU UW W| Cl MlS U uw 2013-14
M SUl 23895 qWsA M sp mWci WL 364 mzh
Mrq M Arel Mr ar W elq 177 xqlr /Mzs
Eqi uMx Mrq (DQm), 70 Eqi eaMi Mrq
AU 46 xar/MUrU aCQx Mrq zqs W | oM l 61
MlU Eixu /MlU oeU Arei MUi WL qWs Eq M
umhl xWri p Emsok MUr | qWs Eqi uMx MlS l
ClW xur xWri xqW lqh u QO sMe q xWri M
W | MlOM M WUWss q xji aqh xuUeaU mzh
xxjl Eqi uMx Mrq U qWsA M Mzs
mzh Si W AU up uruxr q xuUeaU Emq
z MUl M sL ElW xq oli W| xxjl U xjml M
oS x 17455 qWsA M mzi Mr ar W | oM U
mrei 65 aqh xuUeaU mzh xxjl /aqh uMx
AU xulrei mzh xxjl xjml M oS x 295983
qWsA M xuUeaU Emq q mzi Mr e cM W
elq x 30,855 uw 2013-14 q mzi ML aL j|

Centre for Entrepreneurship Development for Women


(CEDW) at Head Office, Bangalore and Centres at 34 Circle
Offices are working towards economic empowerment of
women. These Centres organized 364 training programmes,
benefitting 23895 women during 2013-14, including 177
General/Skill Entrepreneurship Development Programmes
(EDP), 70 Entrepreneurship Awareness Programmes and
46 Seminars/Career Guidance Programmes. The Bank also
provided marketing support to women entrepreneurs
by organizing 61 Canara Utsav/Canara Bazar. The CEDW
Centres have also assisted in formation of SHGs and credit
linkages. A Rural Self Employment Training Institute set
up at Harohalli, Karnataka provides EDP skill trainings to
women in various vocations for enabling them to take up
self employment ventures. The Institute has trained 17455
women since inception. Through 65 RSETIs / RUDSETIs
sponsored/co-sponsored by the Bank, 295983 women have
been trained in self employment ventures since inception,
of which, 30855 were trained in 2013-14.
As against RBIs requirement of 5% of Adjusted Net Credit
to women beneficiaries, the Bank achieved 15.95% as at
March 2014. Over 20.67 lakh women were assisted, with
a credit outstanding to the tune of `36669 crore as at
March 2014. The Bank is also extending credit with 0.5%

qWs spjr M xqrei z Gh M 5% pUir Ueu


oM M eUi M qMos oM l qc 2014 iM 15.95% mmi
Mr W | qc 2014 iM 36,669 MUQ mL M oMr Gh M

46

xj 20.67 sZ x erS qWsA M xWri mWcD aD j |


oM osMA M 0.5% M Urri mU z Gh ij qWsA
M xq u sb Eq M iWi Gh Emsok MU UW W|

concession on education loans to girl children and loans to


women beneficiaries under micro and small enterprises.
In order to encourage entrepreneurship, the Bank launched
an annual award scheme and awarded 4 successful women
entrepreneurs and 1 SHG financed by the Bank, with cash
awards ranging from `10000 to `100000. To give focused
attention to the needs of women clientele, the Bank
has converted 14 branches into All Women Employee
Branches.

Eqi M oRu Sl M q q oM l LM uwM mUxMU rel


AUp M W, oM U umwi 04 xTs qWs Eq u 01 xur
xWri xqW M `10000 x `100000 iM mUxMU mSl Mr
ar W| qWs aWM M eUi mU uzw krl Sl M sL
oM l 14 zZA M ``xp qWs MqcU zZ'' M m q
mUuii MU Sr ar W |

MmUO xqeM Sriu

CORPORATE SOCIAL RESPONSIBILITY

xLxAU aiukr q Miql xjmi MUl

Setting Examples in CSR Activities

xxjmM xi u xSr mUl mUqmU M msl MUi WL oM


l up MmUO xqeM Sriu (xLxAU) aiukr q sa
WA W | oM M MmUO xqeM Sriu mWs oWArq W
exq oUeaU aqh ruM M mzi MUl, mjqM xuxjr
SZps, mr es, xqSrM uMx, qWs xzMUh u Alr
xqeM mWs zqs W |

Following founding principles and century old tradition,


the Bank is engaged in varied Corporate Social
Responsibility (CSR) activities. CSR initiatives of the
Bank are multifarious, covering activities like training
unemployed rural youth, providing primary health care,
drinking water, community development, empowerment
of women and other social initiatives.

aqh uMx
aqh ruA q Eqi uMx u xuUeaU aiukr M
oRu Sl M M sL MlU oM zioS aqh uMx OxO
(xoxAUQO) M qkrq x oM l 26 aqh xuUeaU
mzh xxjl, 05 xcl maM xxjl u 03 zsmMU
mzh xxjl xWi 34 uz mzh xxjl xjmi Mr
W| uw 2013-14 M SUl Cl xxjl U 26251 Aprjr
M mzi MUl M xj W mpuzs lmOl 73% M SU x
zAi x Ae iM oUeaU ruM M mzi MUl M xZr
2.16 sZ W aD W |

Rural Development
The Bank, through its Canara Bank Centenary Rural
Development Trust (CBCRDT), has established 34
exclusive training institutes, including 26 Rural
Self Employment Training Institutes, 5 Institutes of
Information Technology and 3 Artisan Training Institutes
to promote entrepreneurship development among rural
youth and encourage them taking up self-employment
activities. During 2013-14, these Institutes trained 26521
candidates, taking the tally to 2.16 lakh unemployed
youth since inception, with an impressive settlement
rate of 73%.

oM l xuUeaU Mrq AUqp MUl Wi aqh ruA M


mzh Sl q sa WL 17 Uer q Alr 27 aqh uMx
AU xulrei mzh xxjl(QxO)M xW - mrei Mr
W | uw 2013 -14 M SUl Cl xxjl U 23861 Aprjr
M mzi MUl M xj W 73% M lmOl(UeaU) SU x
oUeaU ruM M mzi MUl M xZr 3.45 sZ W aD W |

The Bank has co-sponsored another 27 Rural Development


and Self Employment Training Institutes (RUDSETIs)
across 17 States, engaged in training of rural youth
for taking up self-employment programmes. During
2013-14, these Institutes trained 23861 candidates,
taking the tally to 3.45 lakh unemployed youth, with a
settlement rate of 73%.

oM l WSUoS q aqh u Eq uMx Wi Alk mSz oMx


xxjl/ Wsrs, MlOM q MlU oM SzmQ AULxDOAD,
oasMO, MlOM q MlOM Mxl xxkl MlS (M LT AU
x) u oasU q pUi U Lq uUr mzh xxjl M
xW mrei Mr W|

The Bank has co-sponsored Andhra Pradesh Bankers


Institute for Rural and Entrepreneurship Development
(APBIRED) at Hyderabad, Canara Bank Deshpande RSETI
at Haliyal, Karnataka, Karnataka Farmers Resource Centre
(KFRC) at Bagalkot, Karnataka and Bharat Ratna Shri M
Visvesvaraya Training Institute at Bangalore.

uw M SUl oM l il mzh xxjl xjmi ML W rj,


L) 08.03.2014 M euWU PMU, x e L, pUi xUMU

During the year, the Bank set up 3 Training Institutes.,


viz., a) RSETI at Bahora, Purnea district, Bihar inaugurated

47

U EOi oWU, mhr es oWU q AULxDOAD, o)


22.06.2013 M qxs, r m q AULxDOAD Zs ar AU
x) 22.06.2013 M oQau ,oUoM es EU mSz q MlU
oM xcl maM xxjl (xoADADO) Zs ar |

by Shri Jawahar Thakur, CGA, Government of India on


08.03.2014. b) RSETI at Masauli, UP opened on 22.06.2013
and c) Canara Bank Institute of information Technology
(CBIIT) at Badagaon, Barabanki District, UP opened on
22.06.2013.

xqrM m x oM l 65 mzh xxjl M mrei/xW


mrei Mr W eW 73% M lmOl SU M xj AoiM 5.67
sZ oUeaU ruM M mzi Mr ar W |

Cumulatively, the Bank has sponsored / co-sponsored


65 training institutes, which have trained 5.67 lakh
unemployed youth so far, with a settlement rate of 73%.

mNQ au q, eW M AkUpi cMix xuk lW W, oM l


aqh YslM xu M lM rel M zpUqp Mr W |

The Bank has a noble Scheme of Rural Clinic Services at


remote villages, lacking basic medical facilities.

oM l qWs Eqr, xur xWri xqW u zsmMU M ElM


EimS M umhl Wi WD OM, MxOq lqi, xU Ee csi
`ZSU qoDs umhl ul' Sl Mr W |

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


powered Retail Mobile Marketing Van to assist women
entrepreneurs, SHGs and artisans to market their
products.

uw M SUl oM l xLx AU Mrq M iWi xqSr M sp


Wi lqlsZi oWxZrM aiukr M W |

During the year, the Bank undertook a number of


activities for the benefit of the communities as part of
CSR programmes as under:

au q QnsUQ
UQzl Uux Bxqxx msO: oM l
cMossmU u MsU es M 217 au q z mr es
xuk Emsok MUl M sL QnsUQzl Uux Bxqxx
msO M qWiuM mUrel M zAi M W | Cx
mUrel M sai sapa `17.36 MUQ W |

Aah es M 130 xMs q osMA M sL zcsr


lqh: oM l MmUO xqeM Sriu M iWi Aah es
M 05 xMs q zcsr lqh mUrel mrei Mr
W | `3.52 MUQ sai us Cx mUrel M zAi
SlM 19 qc 2014 M AiUr qWs Sux xqUW M
SUl M aD |

MlU u eri rel: MmUO xqeM Sriu mWs M


iWi pUi U Q. o AU AqoQMU M pupl es
u z M oRu Sl M sL aqh CsM M Alxci
ei/ elei M NA M ur xWri mWcl Wi
`MlU u eri rel' M zAi M aD j | mirM
aqh zZ M AkMU M Aiai 06 NA M
ur xWri mWcl Alur MU Sr ar j | M 5u
x 7u iM M N M sL xWri M Uz `2500 mi
N ij 8u x 10u iM M N M sL `5000 mi N
ir M aD j |
au M xqlui uMx: uzs aqh u Ak zWU aWM
AkU M krl q UZi WL oM l MlU aqSr rel M
iWi 65 au u 03 aS oxir M ElM xqlui uMx
Wi aS sr W | Cl au M uMx M sL oeO AoOl
MU Sr ar W | oM xjD AkU mU mUrel csl M
sL mio W |

48

De-fluoridation- Reverse Osmosis plants in villages:


The Bank has undertaken an ambitious project
of providing De-fluoridation - RO plants for pure
drinking water facility in 217 villages of Kolar and
Chickaballapur districts. The estimated cost of the
project is about `17.36 crore.

Construction of Toilets for Girls in 130 Schools in Lead


Districts: The Bank has sponsored the project under
CSR for construction of toilets for girls in 5 Schools
in each Lead District. The project costing `3.52 crore
was soft launched during International Womens Day
Celebrations on 19th March, 2014.

Canara Vidya Jyothi Scheme: As a humble


homage to Bharat Ratna Dr B R Ambedkar and to
encourage education, a Scheme of extending
financial assistance to SC/ST girl students from rural
areas named as Canara Vidya Jyothi Scheme was
launched under CSR initiative. Each rural branch
of the Bank was mandated to extend financial
assistance to 6 girl students of their command
area. Amount of assistance was fixed at `2500 per
student for students of class 5th to class 7th and `5000
per student for students of class 8th to class 10th.

Integrated development of villages: Keeping in


mind the vast rural and semi-urban client base, the
Bank has adopted 65 villages and 3 slums for their
integrated development under Canara Gramodaya
Scheme. Budgetary allocation for development
has also been made for these villages. The Bank is
committed to run the project on sustainable basis.

MUs M MxUaQ es M DQxsTl mpui sa M


xWri: MUs M MxUaQ es M au M sa Me
mQ mU xm MUl Wi euM MOlzM LQxsTl x lUiU
mpui UWi W | 3000 x erS sa Ssp Sos Ua ex
qlxM uMsai ,qwiwM mbi (xUos msx) MxU
CirS x mpui j | oM l Cl DQxsTl mQi M
mlux mMe M m q `53 sZ uir xWri mWcD |
xWri mQi sa M sL aW lqh ij mQi mUuU
M o M xMsUzm M sL W |

Assistance to Endosulfan affected people in Kasargod


district of Kerala: Villages of Kasargod district in
Kerala have been exposed to endosulfan, a persistent
organic pesticide, sprayed on the cashew plantations.
More than 3000 people were affected by debilitating
rare diseases like mental retardation, cerebral palsy,
cancer, etc. The Bank extended financial assistance
of `53 lakh for rehabilitation package for these
endosulfan victims. The assistance is for construction
of houses for the affected people and scholarship to
the children of affected families.

Alk mSz M lsaQ es q nsUCQ mpui au M


sL xUi mr es xuk: Alk mSz M lsaQ es
M 18 nsUCQ mpui au q `36 sZ M ur sai
x mr es xuk Emsok MUD aD j |

Safe drinking water facility to fluoride affected


villages in Nalgonda District of Andhra Pradesh: 18
fluoride affected villages of Nalgonda district, Andhra
Pradesh were provided drinking water facilities,
involving a financial outlay of `36 lakh.

uMsa ur M oWiU eul el M sL xWri: uMsa


ur M xWri mWcl M sL xql ucU us Lexr
M xj MD Mrq ex paul qWuU OxO M xWri,
qaSz OxO M uMsa qWsA M sL oWzr Ws
M lqh, uMsa xb, Llos CQr M xj uMsa
sa M sL Eqi uMx mzh Arei MUl M sL
xWri |

Support to persons with disability to lead a better


life: A number of programmes in association
with likeminded agencies were taken to support
persons with disability like assistance to Bhagawan
Mahaveer Trust, Margadarsi trust for construction of
multipurpose hall for disabled women, Association of
people with disability, conducting Entrepreneurship
Development Trainings for people with disability, in
association with Enable India.

eUiqS sa M xu / Cse MUl M sL mii


Axmis x EmMUh M ZUS M sL ur xWri:
laUM MlSi Axmis M xWri ex xu Axmis
AU lxeul QCoOe Axmis M xqe M AjM
m x MqeU ua M Ua M Cse MUl M sL cMix
EmMUh Emsok MUl |

Extending financial support for procuring equipments


by reputed hospitals to serve/treat deserving
needy people: Assisted citizen centric hospitals like
Sevakshetra Hospital and Gyanasanjivini Diabetes
hospital for procuring medical equipments for
treating patients from economically weaker sections
of the society.

oM paul qWuU uMsa xWri xqi, Uexjl x


uMsa Wi Mq Aa Emsok MUl Wi xqo W | oM l
uw M SUl 07 up MlS mU ermU TO Mm Arei
MUl AU eUi qlS sa M Mq Aa Emsok MUl Wi
`99.57 sZ M ur xWri Emsok MUD W | Mqm M
SUl 2800 x erS uMsa sa splui WL j |

The Bank has associated with Bhagawan Mahaveer


Viklang Sahayata Samiti, Rajasthan to provide
Jaipur Foot, an artificial limb to the disabled. The
Bank provided financial support of `99.57 lakh
during the year for organizing Jaipur Foot Camps in
7 different centres and sponsoring of the artificial
limbs to the needy persons. Over 2800 disabled
persons were benefitted during the camps.

alk e U AUqp ML aL xoUqi Aq q xqlj


Nsr M qUqqi M sL oM l `60 sZ M ur
xWri Emsok MUD |

The Bank provided a financial support amounting


to `60 lakh to undertake repairs of Somnath
Chhatralaya in Sabarmati Ashram, Ahmedabad,
started by Gandhiji.

xxSr xqi U lUh

Visits by Parliamentary Committees


During 2013-14, Parliamentary Committee on Government
Assurances visited the Bank.

uw 2013-14 M SUl xUMU Axl xqolk xxSr xqi


l oM M lUh Mr |

49

xaPl AU xWri xuL

ORGANISATION AND SUPPORT SERVICES


Branch Network

zZ lOuM

xqmh pUi q Emxji M uxiU

Expanding Pan India Presence

oM l uw 2013-14 M SUl oQ mql mU zZ uxiU Mr W


AU uw M SUl 1027 lD aW zZL eQ aD W e mU oMa
CiWx q AU pUi M oM q xox erS W | qc 2014 iM
05 uSz zZA M xj oM M 4755 zZL j |

The Bank undertook a massive branch expansion drive


in 2013-14 and added 1027 domestic branches during
the year, the highest in its entire history and one of the
highest among the banks in India. As at March 2014, the
Bank had 4755 branches, including 5 overseas branches.

zZ lOuM M xUcl

Composition of Branch Network

zZA M xZr

qOmsOl

811

894

83

zWU

795

928

Ak zWU

1055

aqh
uSz
Ms zZL

Opened
during the
31.03.2013 31.03.2014
year
No. of Branches

uw M SUl
Zs aL
31.03.2013 31.03.2014

Category
Metropolitan

811

894

83

133

Urban

795

928

133

1484

429

Semi-urban

1055

1484

429

1062

1444

382

Rural

1062

1444

382

--

--

3728

4755

1027

3728

4755

1027

Overseas
Total Branches

The Bank added 101 Specialized Branches during the


year, taking the total tally under the Specialized Branches
to 262 as at March 2014.

oM l uw M SUl 101 uzw zZL Zs W exx 31 qc


2014 iM uzw zZA M Ms xZr 262 W aD W |
uzw zZA M h
1. Lx Lq D
2. qQ MmUO zZL
3. xq u
4. Axi uxs molkl
5. mCq MmUO
6. uSz
7. Mw u
8. Alux pUir
9. oci
10. AaM u
11. xOM LYxce
12. me oeU
13. qWs oMa
14. Aux u
15. uMsa M sL zZL
16. uzw xUMU MUoU zZ
Ms

31.03.2014

Categories of Specialized Branches

143
30
20
14
11
11
10
6
5
3
2
2
2
1
1
1
262

1. SMEs
2. Mid Corporate Branches
3. Micro Finance
4. Asset Recovery Management
5. Prime Corporate
6. Overseas
7. Agri-Finance
8. NRIs
9. Savings
10. Industrial Finance
11. Stock Exchange
12. Capital Market
13. Mahila Banking
14. Housing Finance
15. Branch for Physically Challenged
16. Specialized Govt Business Branch
TOTAL

50

31.03.2014
143
30
20
14
11
11
10
6
5
3
2
2
2
1
1
1
262

uMsmM QsuU cls q mai:

Progress in Alternate Delivery Channels

2013-14 M SUl 3572 MlS q Ts oM l UMQ 2786


LOLq Zs exx LOLq M Ms xZr 6312 W aD W | qc
2013 iM Zs aD xp 3728 zZA q 100% zZ xji
LOLq qc 2014 iM mU MU sr ar W | oM M QoO MQ
M AkU qc 2013 M isl q 95.53 sZ x oRMU 1.51
MUQ W aD W|

During 2013-14, the Bank added a record 2786 ATMs,


taking the total number of ATMs to 6312, spread across
3572 centres. 100% onsite ATMs for all 3728 branches
opened up to March 2013 is also completed as at March
2014. The Banks debit card base rose to 1.51 crore
compared to 95.53 lakh as at March 2013.

oM l crli zZA q LOLq, lMS eq MAxM, xu


qSi mxoM MAxM, COUlO oMa Oqls, BlsCl OQa
Oqls, AU MmUO uoxCO LYxx xuk us 102 WD OM
D-sEe Zs W | crli D-sEe q COUYOu uQr xqqsl
mhs MlTaU Mr ar W |

The Bank opened 102 hi-tech E-lounges in select


branches with facilities like ATM, Cash Deposit Kiosk
with voice guided system, Cheque Deposit Kiosk, Self
Printing Passbook Kiosk, Internet Banking Terminal,
Online Trading Terminal and Corporate Website Access.
Interactive Video Conference System is configurated at
select e-Lounges.

1400 zZA q mx oM xu qSh MAxM xq Mr


ar W |

Pass-Book Self-Printing Kiosks has been enabled in 1400


branches.

aWM M AlMs xcl iMlM mWs

Customer-friendly InfoTech Initiatives

uw M SUl oM l `MlU D CToM' LM DsYOlM mxoM


AU oM x xqolki xcl M xuk M zAi M W e
Aae, WlS AU 04 r pwA rj MQ, isa, iqs
u qsrsq q LQCQ, uQx 8 AU ADALx msOTq mU
Emsok W |

During the year, the Bank introduced Canara e-Infobook


an electronic passbook and banking related information
facility in English, Hindi and 4 Regional Languages, viz.,
Kannada, Telugu, Tamil and Malayalam on Android,
Windows8 and iOS mobile platforms.
Canara Bank RuPay Debit Card, Canara Club Card Debit,
Canara Secured Credit Card, Canara Elite Debit Card
and EMV Chip Cards under debit and credit cards were
launched by the Bank.

oM l QO u QoO MQ M iWi MlU oM m QoO MQ,


MlU Yso MQ QoO, MlU xYrQ QO MQ, MlU DsCO
QoO MQ AU cm MQ M zpUp Mr W |

The Bank introduced Online Savings Bank and PPF


account opening facility during the year.

uw M SUl oM l BlsCl oci Zi u mmLT Zi Zsl


M xuk M zAi M W |

Several services under Internet Banking were introduced


including Online Registration of Net Banking User ID
and Generation of Login Password by the Customer,
Unlocking User ID and Reset of Password by Customers
themselves, P2A (Person to Account) Funds Transfer
Facility through IMPS, Cheque Book request, Registration
for Mobile Banking through Internet Banking, Bulkupload Facility (Internal Funds Transfer, NEFT and RTGS)
for Corporate Customers, Digital Certificate facility for
Corporate Fund Transfers and High Value Transactions,
Hot listing of Debit Card, Online Bills Payment through
7 Merchant Aggregators including IBIBO and EBILLING
and Security Alert to Registered Mobile Number of Net
Banking Customer immediately on Login to Internet
Banking.

COUlO oMa M iWi aWM U BlsCl lO oMa mraMi


mWcl (ADQ) meMUh u saCl mxuQ M Eim, aWM
U W mraMi AD Q M AlsM Mr el u mxuQ M
ml: xO Mr el, m2L (ur x Zi) ADLqmLx U lk
AiUh xuk, cM oM AlUk, COUlO oMa U qoDs oMa
M meMUh, MmUO aWM M sL LMqxi AmsQ xuk
(AiUM lk AiUh lnO u AUOeLx),E qsr sl Sl u
MmUO lk AiUh M sL QeOs WxiU xuk, QoO MQ
M WO sxOa, ADoADoA AU Dosa xWi 07 urmU
xqW U BlsCl os pail M xuk, lO oMa aWM
U COUlO oMa sa Cl MUl mU iiMs meMi qoDs
lqoU mU xYrUO AsO ex up xuA M zAi
M aD W |

51

qoDs oMa M iWi oM l Gh u xuk eq mNiN, cM oM


AlUk, Lx Lq Lx peMU qoCs oMa meMUh, LOLq U
qoCs oMa xrl AU Q2 Lc (QCUYO O Wq xOsCO
Mos MlYxl) Uce xu M zAi M aD W | LQCQ
AkUi qoDs WQ xO M sL qoDs oMa LmsMzl eU
Mr ar |

Under Mobile Banking, the Bank introduced Loan and Term


Deposit enquiry, Cheque Book Request, Mobile Banking
Registration by sending SMS, Mobile Banking activation
through ATM and D2H (Direct to Home Satellite Cable
Connection) Recharge Service. Mobile Banking application
for Android based mobile handsets was released.

uw M SUl Alr qsr xukl q zqs W TaUmO AkUi


orqOM sa Cl xsrzl, bUs aWM M sL Zi zw
ell M sL 092892 92892 mU u Alux aWM U uai
03 sl Sl M elMU M sL 092891 92891 mU NO Ms
(qxQ Ms) M xuk, ZSU Gh EimS M sL uz Os T
lqoU 1800425 1254 Emsok MUr ar, eW pail M zi
xr m x W uW xr Zi kUM U MlU oM LOLq
q LOLq mUcsl M xuk AU x o Lx q AkU xZr
M xqo MUl M xuk ij oM M uoxCO U xji
M xirml Cx xuk M sL oM M pUir uz mWcl
mkMUh x xUWl qs W | pUir Ur pail laq M
ADLqmLx xuk U D-WQ xaWh ,LOLq U xxjai
zsM pail, mkl q Ur UWi Mw q Sl M BlsCl u
LOLq M U xuMri, kqM u sMmMU OxO / xxjl
M sL lO oMa u qoDs oMa xq M aD W| LxLqLx
U QO u QoO MQ M WO sxOa AU ul OCq mxuQ
mra MU ADLqmLx qcO AkUi ms slSl (ex LxLqLx
AkUi ADAUxOx OMO oMa) M zpUp Mr ar |
pUir Ueu oM M lSzlxU oM l lD mR AUOeLx u
lnO xlSz M lUiU eU MUl sa Mr W |

Other value additions during the year include introduction


of fingerprint based biometric login solution, facility of
missed call to 092892 92892 to know account balance
for domestic customers and 9192892 92892 for NRI
customers and missed call to 092891 92891 to know last
3 transactions, exclusive toll free number 1800 425 1254
provided for Retail Lending Products, facility of operation
of ATM in Canara Bank ATMs by joint account holders
where the payment condition is jointly and facility
of linking Aadhaar Number in CBS and verification of
status through the Banks website. The Bank received
appreciation from UIDAI for this facility. E-Hundi
Collection through IMPS facility of NPCI and Institutional
Fee Payment through ATMs, Online acceptance of
donations to Prime Ministers National Relief Fund and
acceptance of donations through ATM, Net Banking and
Mobile Banking for Religious and Philanthropic Trusts/
Institutions were enabled. Hot-Listing of Credit and
Debit Cards through SMS and IMPS Merchant based
Pull Transactions using OTP (like SMS based IRCTC ticket
booking) were introduced. The Bank also implemented
New Generation RTGS and continuous release of NEFT
messages as per the directives of RBI.

AiUr qlM M Almsl

Compliance to International Standards

oM l xcl xU, DsYOlM oMa, iMlM eZq


molkl u xCoU kZkQ M sL pUir Ueu oM MrMU
xqW (Akr e amsMwh) M xTUz M mhml sa
Mr W | oM l 12.04.14 M ADLxA 27001:2013 mqhMUh
mmi MU sr W |

The Bank has fully implemented the recommendations of


the RBI Working Group (Chairman, Shri G Gopalakrishna)
on Information Security, Electronic Banking, Technology
Risk Management and Cyber Frauds. The Bank obtained
the ISO 27001: 2013 Certification on 12.04.2014.
Manpower Profile
As at March 2014, the Bank had 48794 employees on its
rolls.

elz mTCs
qc, 2014 M oM q 48794 MqcU j |
qc 2013
MqcUr M Ms xZr
42693
AkMU
17835
YsM
16095
Aklxj MqcU*
8763

qc 2014
48794
20878
18770
9146

Total No. of Employees


Officers
Clerks
Sub-Staff*

March 2013
42693
17835
16095
8763

March 2014
48794
20878
18770
9146

* AzMsM MqcU xWi (mOD)

* includes part-time employees (PTEs)

oM M MqcUr q 42.8% AkMU, 38.5% YsM u 18.7%


Aklxj MqcU W | qWs MqcU 13385 W e M oM M
Ms MqcUr M 27.4% W | qc 2014 M pimu xlM

The Banks staff comprised 42.8% Officers, 38.5% Clerks


and 18.7% Sub-Staff. Women employees comprising
13385, constituted 27.4% of the Banks total staff. The

52

MqcUr M Ms xZr 2853 W | oM M Us mU uMsa


MqcUr M xZr 1034 W |

total number of ex-servicemen staff as at March 2014


stood at 2853. There were 1034 Physically Challenged
Employees on the rolls of the Bank.

uw M SUl, oM l 9139 urr M up MQU q lr


Mr W, exq x M 1883 Alxci ei (Lxx) x xoki
W u 571 Alxci el ei (LxO) x xoki W | Cxq uw M
SUl up MQU q lr WL 543 pimu xlM W |

During the year, the Bank recruited 9139 persons in


various cadres, out of which, 1883 belonged to Scheduled
Castes (SCs) and 571 to Scheduled Tribes (STs) categories.
This includes 543 ex-servicemen recruited in various
cadres during the year.

uw M SUl up MQU M iWi 3153 qWs MqcU lr


WL AU 476 qWs MqcU mSi WD |

3153 women employees were recruited and 476 women


employees were promoted under various cadres during
the year.

oM l LM uzw pi mUrel z M W, rj, `EQl' |


300 EqqSuU M mzh AU pi M sL crl u Elq x
150 M mxO mzh Wi MmUO, Ur Mzs uMx laq
(LlLxQx) u eqq MzqU M ruM M qkr, EQl LM uzw
AaM zAi W | aW qsr, pUi xUMU M AlxU, MlU
oM LMq UrMi oM W exl MmUO xqeM Sriu M
iWi Cx mUrel M xTsimuM xWra Sr W u Mrui
Mr W | Ex M uml M mir q rel M iWi oM M
mzh Wi AuSM x 131210 AuSl mmi WL W | ADomLx
M qkrq x zAi xla mU u xiMU mr M mi
mzh Wi 300 Aprj cl ar W | exq x M 247 l
mzh Wi UmO Mr W | eqq q mzh Mrq M EOl
oM M Akr u molk lSzM AU M So M Emxji
q AqU AoSssW, qllr qZr q, eqq u MzqU U
13.12.2013 M Mr ar| mzh, mzh M SUl xukL
rj, UWl M Cieq, pel AS xWi mUrel M Ms sai
M uWl oM U Mr ar | mzh Mrq xqmi WA | Aa,
rW lhr sr ar M Arei 150 Aprjr M Lue q xp
247 Aprjr M elWl mzh mmi Mr W, M oM q s
sr er | iSlxU, xp 247 Aprjr M AkMU / YsM
M m q lr MU sr ar W, exq x M 187 mUukl

The Bank has undertaken a special recruitment project,


viz., Udaan. Udaan is a special industry initiative
between Corporate, National Skill Development
Corporation (NSDC) and the youth of Jammu &
Kashmir for selection of 300 candidates for training
and recruitment of 150 of them post training. As per
the call given by the Ministry of Home Affairs, Govt. of
India, Canara Bank is the only Nationalized Bank to
associate and implement the project successfully as
part of its Corporate Social Responsibility. In response
to the advertisement for the same, the Bank received
13120 applications from candidates for training in terms
of the Scheme. 300 candidates were finally selected for
training after initial screening test through IBPS and
interview process, of which, 247 candidates reported for
training. The training programme was inaugurated by
Shri Omar Abdullah, Honble Chief Minister, J&K at Jammu
on 31.12.2013, in the presence of the Banks C&MD
Shri R K Dubey. The entire cost of the project including
training, facilities to trainees like accommodation, food
during training was borne by the Bank. The training
programme has since concluded. Further, it was decided
to absorb all the 247 candidates who underwent training
as against planned 150 candidates. Accordingly, all 247
candidates are recruited as Officers/Clerks, comprising
187 as Probationary Officers (JMG Scale I) and 60 as
Probationary Clerks.

AkMU (eqe xMs 1) W u 60 mUukl YsM W |


Lxx u LxO M xok q AUh li

Reservation Policy in respect of SCs and STs


As at March 2014, the number of Scheduled Castes and
Scheduled Tribes together constituted 26.22% of total
staff strength of the Bank. The composition of SC/ST
employees in the Bank as at March 2014 was as under:

qc 2014 M, Alxci ei u Alxci el ei M Ms


xZr oM M Ms MqcU xZr M 26.22% W | qc 2014 M
oM M MqcUr q Lxx / LxO M xrel lqlsZi W:
MQU
AkMU
YsM
Aklxj MqcU
+ mOD
Ms

Alxci ei
3686
3510

Alxci el ei
1414
1092

2648

444

9844

2950

Cadre
Officers
Clerks
Sub-staff + PTEs
Total

53

Scheduled Castes Scheduled Tribes


3686
3510
2648
9844

1414
1092
444
2950

pUi xUMU M SzlSz AlxU Alxci ei u Alxci


el ei M xok q oM AUh li M xZi x Almsl
MUi W |

The Bank strictly adheres to the Reservation Policy in


respect of Scheduled Castes and Scheduled Tribes as per
the Govt. of India guidelines.

(L) AUh li mxO AkUi UxOU M i M qkrq x


Mrui WA W | u qsr, pUi xUMU M SzlSz
AlxU oM l xp MQU Wi mxO AkUi UxOU M i
mU xuc MU sr W |

(a) Reservation Policy is implemented through


mechanism of Post Based Rosters. In terms of the
directives of the Ministry of Finance, Government of
India, the Bank has since switched over to Post Based
Rosters for all Cadres.

(o) xUMU M SzlSz AlxU Alxci ei u Alxci


el ei us Aprjr M xok q xk pi M xjxj mSi Wi p oM l AUh / Urri / NO uxiUi
M W |

(b) The Bank extends Reservation / Relaxations /


Concessions in Direct Recruitment as well as in
promotions to candidates belonging to Scheduled
Castes and Scheduled Tribes as per the Govt.
guidelines.
(c) Pre-recruitment and Pre-promotion training is given
to candidates belonging to Scheduled Castes and
Scheduled Tribes. In the advertisement inviting for
the application from the eligible candidates for
recruitment to Clerical and Officer cadres, a specific
reference is made with regard to imparting of prerecruitment training to candidates belonging to SC/
ST/ PWD/ Minority Communities/ Ex-Servicemen.
Such of those candidates who opt for pre-recruitment
training, will be given training to prepare themselves
for written test as well as interview. The duration of
the training is upto two weeks. Study materials, note
books, stationeries are provided free of cost to all
the participants. Wherever possible, respective State
Governments are also providing the lodging facilities
in Government/ backward class hostels.

(x) Alxci ei u Alxci el ei us Aprjr M


mu-lr u mu-mSi mzh Sr ar W | YsM u
AkMU MQU q pi Wi m Aprjr x AuSl qa
UW uml q Lxx/LxO/mQosrQ/AsmxZrM xqSr/
pimu xlM Aprjr M mu-lr mzh Sl M
xok q LM uzw xSp Sr ar W | Clq x u Aprj
elWl mulr mzh M uMsm cl W, M sZi
mU u xiMU Sl M sr W mzh Sr era |
mzh M Auk MUo 2 Wni W | Akrrl xqa, lOoM,
xOzlU, xp Aprjr M l:zsM Sr era | eW
p xpu W, xoki Uer xUMU p xUMU / mNQ ua
WxOs q UWl M xuk Emsok MU UW W |
(Q) oM l UxOU M AlUh M u AUh li M Alr mWsA
M Mrurl M xli MUl Wi mkl Mrsr q AU
xj W Acs Mrsr q p Lxx / LxO M xjmi
Mr W |

(d) The Bank has setup SC/ST Cell at the Head Office
and also at Circle Offices to ensure maintenance
of Rosters and implementation of other aspects of
Reservation Policy.

(D) AUh li M Mrurl M xli MUl Wi mkl


Mrsr q qZr xmM AkMU M lqMi Mr W AU
Acs Mrsr q p xmM AkMU M lqMi Mr ar
W | Aa, mir m x r i Lxx/LxO xb M qkrq x
Alxci ei / Alxci elei x mmi milkiu mU
qZr xmM AkMU/xmM AkMU U krl Sr era |
eW p AuzrM W, AuzrM mNiN M era u Emr
MruW M era | Alxci ei / Alxci el ei
x mmi up milkiu M UMQa Wi LM Asa x
UexOU AlUi UZ era AU M ar MruW M p
UexOU q lO Mr era |

(e) Chief Liaison Officer is nominated at Head Office


and Liaison Officers are nominated at Circle Offices
for ensuring implementation of Reservation Policy.
Further, representations received from Scheduled
Caste/ Scheduled Tribe employees, either directly or
through the SC/ST Associations, are being looked into
by the Liaison Officer/Chief Liaison Officer. Wherever
required, necessary enquiries are conducted and
appropriate action is taken. A separate register is
maintained for recording various representations
received from Scheduled Caste/Scheduled Tribe
employees and the action taken is also recorded in
the register.

54

EmU M Asu, oWqi Alxci ei / Alxci el


ei MqcU M milkr M oM M qZr MrmsM
M xj iqW oPM Wi osr era eW AUh li
mU SzlSz M Mrurl mU mUcc M era | Acs
Mrsr q p iqW oPM M era UxOU AlUi UZ
era u rS MD zMri W i xmM AkMU U ExM
luUh Mr era |

In addition to the above, the representatives


of majority Scheduled Caste/ Scheduled Tribe
Employees Association are invited for Quarterly
Meeting with the Chief Executive of the Bank
to discuss the implementation of guidelines on
reservation policy. Quarterly Meetings are also held
at Circle Offices, where Rosters are maintained and
grievances, if any, are redressed by the Liaison Officer.

(LT) oM M lSzM qQs p AUh li q WL Mrurl mU


A uwM u uwM AkU mU xq MUa |

(f) The Board of Directors of the Bank also review the


progress made in the implementation of Reservation
Policy, half yearly and yearly.

qlu xxkl uMx (LcAUQ) aiukr

Human Resource Development (HRD) Activities

oSsi WL oMa mUSzr M AlMs Wl Wi oM M LcAU


lir M p mUuii Mr ar W | LcAU AuwMU ex M,
`eaUh xnO Mzs mzh Mrq' TO sCl MqcUr q
uruWUM mUuil sl Wi AU mii xxjl M qkrq x
MrmsM M xuUl ij Alr qWiumh LcAU Osx ex M
Akrrl WsM, MqcU oPM u ucU - qjl x M mpu
Oq lqh AU xqWM EiMi M oRu Sl M sL Mrui
Mr ar | MqcUr M qlos M oRu Sl M sL AU ElW
oMa M up mWsA x zi MUl M sr up MmUO
xmwh M sr ar W |

The HR policies of the Bank have been revisited to suit


the changing banking scenario. HR interventions like
JAGARAN soft skill training program for bringing
attitudinal change among front line staff and Executive
grooming through reputed institutes and other
significant HR tools like Study Circles, Staff Meetings
and Brain Storming Sessions have been implemented
for effective team building and fostering collective
excellence. Various Corporate Communications are
brought out to boost the morale of the employees and
educate them in various facets of banking.

oM l uxii mzh mrA M EeaU Mr W e M


AiUM mzh, o mzh, Cl-Mml mzh u uSz
mzh M MuU MUi W | AiUM m x, oM M oasU q
MqcU mzh qWusr W AU 19 r MqcU mzh
qWusr W |

The Bank has in place exhaustive training processes that


cover Internal Training, External Training, In-company
Training and Foreign Training. Internally, the Bank has
Staff Training College at Bangalore and 19 Regional Staff
Training Colleges.

uw M SUl oM l QO AUrOzl, umhl Mzs, AkMUr,


LDA u uz AkMUr Wi mUh Mrq, AU `EQl mUrel'
M iWi mzh u pi xWi urmM MrMU M MuU MUi
WL 51544 MqcUr M mzi Mr W | mzi MqcUr
q x 10274 ur Alxci ei ua x xoki W, 3047 ur
Alxci elei ua x xoki W | Ms mzi MqcUr
q 15607 qWs MqcU W | oM l MD lr mzh Mrq
QeDl u Mrui Mr W ex M, eah, kZkQ eaMi
u luUh, mjqMi xZ, aqh uMx u ur xquzl,
LqLxLqD, xu qqs, xo SzlSz mU Almsli, MU
oMa x mU - aWM uzswM, AS |

The Bank trained 51544 employees during the year,


covering a wide range of functional areas including Credit
Orientation, Marketing Skills, Induction Programme for
Officers, AEOs and Specialist Officers and training and
recruitment under Udaan Project. Out of the trained
staff, 10274 personnel belonged to the Scheduled Caste
category and 3047 belonged to the Scheduled Tribe
category. The total employees trained include 15607
women employees. The Bank designed and implemented
several new training programmes, including Jagaran,
Fraud Awareness and Prevention, Priority Credit, Rural
Development and Financial Inclusion, MSMEs, Service
matters, Compliance on SEBI guidelines, beyond Core
banking - customer analytics, etc.

`eaUh' LM xnO Mzs Mrq W exM M TOsCl


MqcUr M iluq MUl M sr u AcN elxmM M oU q
ElM mpui MUl Wi Msmi Mr ar | Auxr AkU mU

Jagaran was a soft skills training programme conceived


to de-stress frontline staff and impress upon them
regarding good public relations. The program was

55

o xjl q up mii xxjl M xuA M AEOxxa


MUl M U Mrq Arei Mr ar | uw M SUl, 3975
AkMU u YsM M Cx Mrq M iWi mzi Mr ar |

conducted by sourcing the services of various institutes


of repute at external venues on residential basis. During
the year, 3975 Officers and Clerks were trained under this
programme.

oM l LM lM Mrq M Msml M rj, mip oM e M


10 mWcl Mr ar q xqlr AkMUr Wi e uzw
M pqM M Msml MU xM | Al us uw q oM M
krl Emr mip molkl u miTs mhs M xjml MUl
Wa | xpui liA M mWcll u Eiq Sriu sl Wi
ElM xuUl M sr Px mrx Mr era |

The Bank envisioned a novel programme, viz., Talent


Bank to provide opportunities for generalist officers to
assume the role of specialists in 10 identified streams.
Establishing a proper Talent Management and Reward
System will be the Banks focus in the coming years. There
will be concerted efforts to identify potential leaders and
groom them to take up higher responsibilities.

Aa, up mii xxjl ex M ADADLq, eLlADoLT,


ADLxo, ADLqAD, LYxLsAUAD u LlADoLq mU MlSi
krl u AuzrMi AkUi mzh M qkrq x Mros M
Si oRl M sL oM M Ze eU W | xulkUi Mrq
p Arei Mr ar W iM MN As q rj, eZq
molkl, Mw mUcsl u ADO, q uzwi M uMx Mr
e xM |

Further, the Banks quest to enhance the competencies of


the workforce continued through focused and need based
trainings at various institutes of repute like IIMs, JNIBF,
ISB, IMI, XLRI and NIBM, etc. Customized programmes are
also organized to develop expertise in certain niche areas
like Risk Management, Treasury Operations and IT.
Specialized trainings to the Senior Management Level/
Top Management Level Executives are conducted based
on the requirement. The Bank has been able to add
substantially to the skill level of its officials through
training intervention and motivating them to perform
with renewed vigour and enthusiasm.

uU molkl xiU / Eiq molkl xiU MrmsM Wi AuzrMi


M AkU mU uzw mzh M Arel Mr ar | oM Aml
AkMUr M Mzs xiU q mzh Wxim u ElW luMi
iMi u EixW M xj lwmSl MUl M sr mixWi MUl M
qkrq x MT WS iM raSl MUl q xTs UW W |

A Sub-Committee of the Board of Directors on HR is in


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

LcAU mU lSzM qQs M Em xqi M, LcAU lir


M xq u xkU MUl Wi AU MqcUr M Mr mWs M
xui MUl Wi xfu Sl M sr xjl mU sr ar W |

Changes in the Organizational Setup and Effectiveness

xaPliqM mUZ u mpui q mUuil


uw M SUl oRi WL MUoU eOsi, MUoU / zZ uxiU
u MqcU xrel M krl q UZi WL MN mqZ MrMU
mU AkM krl Sl M AuzrMi W, mkl Mrsr M upa
u Acs M mlaPl / mllqh Mr M Mr ar | mxO
mlaPl, mkl Mrsr q 25 upa W |

Keeping in view the increased business complexities,


business / branch expansion and employee composition
over the years, the need for more focus on certain
key functional areas, the re-organization/re-aligning
functions of Wings at Head Office and Circles was
undertaken. Post-reorganization, there are 25 Wings in
Head Office.

MrMU EiMi Wi xaPliqM QeCl u xUcl M saiU


SoU SU u Akrrl Mr e UW W | zZA u aWM xu M
xTiSrM olMU,zZA x o oRMU, UoxO Axi AkU
M u MUM u mUcsl qQs q xkU MUM ex MD uwr
mU krl MlSi MUl M U oM M MrMsm MUl M Ezr
Wi oM l mUrel `zZU' M zpUp Mr W | Cx mUuil q
oM M xWri asos molkl mUqz Tq rj, qxUx oxOl
mUqz xqW (pUi) mCuO sqOQ (oxe) MU UW W |

The organizational design and structure are continuously


revisited and studied for functional excellence. The
Bank launched Project Shikhar aimed at rejuvenating
the Bank by focusing on several themes like energizing
branches and customer service, increasing sales from
branches, growing a robust asset base and revamping the
operating model. Global Management Consulting firm
viz., M/s Boston Consulting Group (India) Private Limited
(BCG) is assisting the Bank in this transformation.

56

umhl AU mcU

Marketing and Publicity

oM l umhl M AU qeoi oll M sL uw M SUl MD E

The Bank further strengthened marketing vertical during


the year by inducting highly qualified personnel into the
set up and also establishing marketing sections in all
Circle Offices overseen by dedicated nodal Marketing
Executive, with an effective lead management system.

AWi mmi MqM M xaPl x eQ AU LM mpu Aah


mokl mhs M xj, uzw lQs qMOa MrmsM U
mrui xp Acs Mrsr q umhl Alpa M aPl Mr |

The Bank also launched publicity campaigns for its several


new products and services introduced during the year and
used effectively all channels of communication including
advertising, social media and marketing collaterals to
enhance its brand image. During the year, the Bank
appointed Shri Shikhar Dhawan, an international ace
cricketer as its brand ambassador.

oM l uw M SUl MD lL EimS AU xuA M sL mcU


Aprl M zpUp Mr AU uml, xqeM qQr AU
umhl xmM ex xp xkl M mpu Cxiqs Aml oQ
Nu M AU oRl M sL Mr | uw M SUl oM l AiUr
MOU, zZU kul M oM M oQ LoxQU lr Mr
ar |

Notably, among the 50 top Service Brands in India,


Canara Bank moved up to 14th position in 2013 from 20th
position in 2012.

uzwMU, pUi q 50 E xu oQ M oc MlU oM 2012 q


Aml 20u xjl x 2013 q 14u xjl mU A ar W |

Customer Orientation

aWMlqZi

Several initiatives were taken to remain customer focused


through providing fast service, bringing in diversified
products/services, responding to customers queries
and redressal of customer complaints. The Code of
Commitment to Customers issued by BCSBI and Revised
Citizens Charter is available in Banks website. To assess
the quality of customer service rendered by the branches
and to get the feedback, Customer Satisfaction Survey
Form is available in the Banks website. Customers
fortnight was conducted from 15.11.2013 to 30.11.2013,
inviting suggestions from customers.

iimU xu Emsok MUl, uuk EimS / xuL Sl, aWM M


mN-iN M euo u aWM M zMri M luUh MUl M U
oM aM M AmA M Alm MSq EPi W| oxLxoAD
U eU aWM M mi mioi xWi oM M uoxCO mU
Emsok W| zZA U S el us aWM xu M qsrMl
MUl AU ExM mixcl mmi MUl M sL oM M uoxCO q
LM aWM xi xuh mm Emsok MUD aD W| aWM x
xfu mmi MUl M sL uw M SUl 15.11.2013 x 30.11.2013
iM aWM mZuQ M Arel Mr ar|

Toll free contact facility at ATM switch room and Card


Division is provided to users to represent the matters
pertaining to ATM operations and Card business.

L O Lq mUcsl u MQ x xoki qqs M mxii MUl M


sL EmraMiA M sL L O Lq xuc M, MQ mpa q p

Call centre with single point contact number


18004250018 is functioning to cater to customers in
6 regional languages of Bengali, Kannada, Malayalam,
Marathi, Tamil and Telugu, besides, Hindi and English for
redressal of grievances. The number of calls received by
the Call Centre during the year is more than 13.14 lakh
and percentage of complaint redressal is 98%. With the
opening balance of 1708 complaints, the Bank received
90286 complaints during the year (including 78766
ATM Complaints, 1438 Banking Ombudsman Cases, 512
Cases lodged at Consumer Dispute Redressal Forum, 319
complaints through Govt. Portal CPGRAMS and 9273
General complaints), of which, 98.6% of the complaints
were redressed.

Os T xmM xZr Emsok MUD aD W|


Ms xOU, LM xmM xZr 18004250018 M xj aWM M
WlS AU Aae pw M Asu 6 r pwA rl oas,
MQ, qsrsq, qUP, iqs AU isa q xuL Emsok MUi
W | uw M SUl mmi Ms 13.14 sZ x AkM j AU aWM
zMri luUh M mizi 98% UW| uw M AUp q zw 1708
zMri M xj uw M SUl 90286 zMri (78766 LOLq
zMri, 1438 oMa sMms, 512 qqs aWM uuS luUh
TUq, xmeAULLqLx xUMU mOs mU 319 AU 9273 Alr
zMri xWi) mmi M aD, elq x 98.6% zMri M
luUh Mr ar |

57

SqSUl xqi M Alzx M AlxU oM l SlM 31.08.2013


M qZr aWM xu AkMU (xxLxA) M lr Mr W e
oM M AiUM sMms M iUW Mr MUa |

As per Damodaran Committee recommendation, the


Bank appointed Chief Customer Service Officer (CCSO)
on 31.08.2013, who shall act as an internal Ombudsman
of the Bank.

MlS xUMU mzl M xcsl u mzl xok zMri M luUh


M sL MlSMi mzl mxxa M M aPl Mr ar | Zi
Zsl xok Mr M sL clS eaW mU MlSMi mxxa
MlS M p aPl Mr ar | oM U MlU sM zMri luUh
mhs (xmeAULx) mOs M iWi aWM M sL BlsCl
zMri luUh xuk Mrlui Mr ar | Ms xOU mU mmi
zMri M xmeAULx mMe M qkrq x xps ei
W | uw M SUl Ms xOU l xmeAULx q 3081 zMri
UexOU M W AU xp zMri M luUh lkUi xqr qlM
M AlxU Mr ar |

Centralized Pension Processing Cell has been established


exclusively for handling pensions and resolving pension
related grievances. Central Processing Centres are
established at selected places for account opening
purposes. The Bank has implemented online grievance
redressal facility of customers in the website for lodging
grievances online under the portal Canara Public
Grievance Redressal System (CPGRS). The complaints
received at Call Centre were also integrated with CPGRS
package. During the year, Call Centre registered 3081
grievances in CPGRS and all grievances were redressed as
per prescribed time norm.

oMa AqoQxql, pUir Ueu oM AU oxLxoAD


M xrel q ``OFl Ws aWM oPM'' M Arel
qoD, iulimUq, cD AU MlOM M SuhaU u WssMU
q Mr ar

Town Hall Customers Meet was held at Mumbai,


Trivandrum, Chennai, Davangere and Holalkere in
Karnataka, in association with the Banking Ombudsman,
RBI and BCSBI.

mi Lu mrL

Systems and Procedures

uw M SUl, Bl xCO AU.o.AD.L. M sL crli 3815


zZA / CMCr q eZq AkUi AiUM sZ mU (AU.
o.L.AD.) xm M ar ? AU.o.L.AD. M xj-xj xcl
xU sZ mU p xmw M ar ? pUi xUMU U lkUi
70% M lr5liq muUh M Lue q rj 31/03/2013 M MUoU
xji AlxU eqA M 71.97% AU Aaq M 76.26% muUi
MUi WL 750 crli zZA / CMCr q xaq / AuUq
sZmU xm M ar iqW AkU mU Ar sZ mU
M sL crli zZA M zqs MUi WL 485 zZA q
Ar / Uexur sZ mU xm M ar

Risk Based Internal Audit (RBIA) was conducted in 3815


branches / units programmed for on-site RBIA during the
year. Information Security Audit was conducted along
with RBIA. Concurrent / Continuous Audit was conducted
in 750 identified branches / units, covering 71.97% of
deposits and 76.26% of advances as per business position
as at 31.03.2013 as against minimum coverage of 70%
stipulated by Government of India. 485 branches were
subjected to income / revenue audit, including branches
identified for income audit on quarterly basis.
The Bank ensured full implementation of the
recommendations of the Committee on Internal and
Concurrent Audit Systems in Public Sector Banks under
the Chairmanship of Shri Basant Seth. The Bank revised
the periodicity of inspection and also re-aligned the risk
weightage to assign more weightage to Control Risk.
Web-based package Darpan was introduced for RBIA
of branches. The package arrives at the risk rating of the
branches automatically without manual intervention.
Canara Bank is one among the few banks to introduce
this web-based package on the lines recommended by
Shri Basant Seth Committee. The Bank has empanelled
140 retired Officers for audit works and also introduced
incentive scheme for spot rectification and detection of
income leakage.

oxi xP M Akri q xuelM M oM q AiUM


u xaq sZmU mhs mU aPi xqi M xTUz M
oM l mh m x Mrlurl xli Mr ?oM l lUh M
AukMi M xzkl Mr AU lrh eZq M AkM pUi
Sl M Ezr x eZq pUi M mllkUh p Mr ? zZA
M AU.o.AD.L. M sL uo AkUi mMe ``Smh'' M zpUp
Mr ? mMe x, ol Mx ArM Wxim M zZA M
xui W eZq hMUh lkUh Mr ei W? MlU oM El
oM q x W exl oxi xP xqi M xTUz mU uo
AkUi mMe M sa Mr W? oM l sZmU Mr M sL
140 xulu AkMUr M xc q xqqsi Mr AU xjl
mU W xkU MUl ij Ar Uxu mi sal M sL mixWl
rel p sa Mr |

58

Aml aWM M elL (M.uD.x.)

Know Your Customers (KYC)

Aml aWM M elL (M.uD.x.), kl zkl luUM (L.Lq.


Ls.) SzlSz AU ur AiMuS x lmOl (x.Ls.e.) M
mpu Mrlurl Wi up Emr Mr ar MN mqZ Emsokr
Lu Mr ar mWs lqllxU W :

Several measures were undertaken for the effective


implementation of Know Your Customer (KYC), Anti
Money Laundering (AML) guidelines and Combating
Financing for Terrorism (CFT).

LT.AD.r. M xSak slSl UmO (Lx.O.AU.) AU es


qS UmO (x.x.AU.) M iUi mwh Mr ar

M.uD.x./L.Lq.Ls. qlM M Almsl M ec Wi xp


Acs M zqs MUi WL 80 NOmO crli zZA q
mirM qW AMxqi sZ mU M ar |

p.o.x. MrSs U xxii WoQ qQs M AlxU, aWM


M eZq uaMUh MlSr m x Mr ar W |

p.o.x. MrSs U xxii AsO xji mU AkUi AsO


M xel MUl M sL kl zkl luUM M S x slSl
M Aluil Wi uo AkUi L.Lq.Ls. mMe M zpUp
Mr ar |

AU.o.AD.L. / xaq sZmU M ec xc Lu


SzlSz M lrqi m x Ail Mr ei W iM
mUuil x o W xM |

SzlSz M eU MUi WL AU AukM mzh /


MrzsA M eUL zZ MqcUr M elMU olr
ei W |

MrzsL Arei MUi WL, M.uD.x. / L.Lq.Ls. /


x.LT.O. SzlSz mU Acs M, M.uD.x. / L.Lq.Ls.
lQs MrmsM M elMU olr ei W iM zZ xiU
mU Almsl xli Mr e xM |

Some of the major achievements and initiatives taken


are as under:

ur Axcl CMD (LT.AD.r.) M lMS slSl UmO


(x.O.AU.) AU aU-sp xaPl slSl UmO (Ll.O.AU.)
M 100% mwh xli Mr ar

ixU AZ mruh M zAi M ar iM x.o.Lx.


M Emra MUi WL QxMOm sZmU M qkrq x sapa
iiMs AkU mU BT xDO slSl M Almuil Mr e
xM exx LM xuxj BT xCO Almuil mhs M
xjml W xM |

Ensured 100% submission of Cash Transaction


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

Suspicious Transaction Reports (STRs) and Counterfeit


Currency Reports (CCRs) submitted to FIU promptly.

Snap Audits conducted every month at 80 randomly


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

Risk Categorization of customers has been done


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

A web-based AML package introduced to monitor


transactions from the anti-money laundering
angle to generate alerts based on alert scenarios
recommended by the IBA Working Group.

Checklists and guidelines for RBIA / Concurrent


Audit are updated regularly to keep abreast with the
changes.

Branch staff are sensitized by way of issuance of


guidelines and periodical training/ workshops.

Circle KYC/ AML Nodal Executives are sensitized on


KYC/ AML/ CFT guidelines by arranging workshop to
ensure compliance at branches.

Third Eye supervision introduced to put in place


a robust Offsite Transaction Monitoring System to
monitor the transactions off-site on a near real time
basis through Desktop Audit by leveraging CBS.

Vigilance Setup
xiMi uruuxj

The Vigilance Wing of the Bank is headed by the Chief


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

oM M xiMi upa M liiu qW mokM h M qZr xiMi


AkMU U Mr ei W AU ElM xqjl mkl Mrsr,
xp Acs AU r aqh oM AU oM M Alwar M
xiMi AkMUr U Mr ei W xiMi upa M Ezr
Alzxl u uMx M xli MUl ij WqU oM M qWl
FcCr iM s el W

59

xiMi eaMi Aprl M Az M m q, MlSr xiMi


Ara M lSz M AlxU, oM U SlM 28 AoU 2013
x 02 luoU 2013 iM AkM krl M xj xiMi eaMi
xmiW M Arel Mr ar |

As a part of the Vigilance Awareness campaign, and in


conformity with the directives of the Central Vigilance
Commission, the Bank observed Vigilance Awareness
Week from 28th October to 2nd November, 2013, with
more focus on the theme Promoting Good Governance
- Positive Contribution of Vigilance.

31 AoU 2013 M xiMi eaMi xmiW M SUl Mqs


mi, AD.m.Lx. AiU msx Ar uk u zxl, oasU l
oM M xp uU mokl i ij uU AkMUr M xoki
Mr xp Acs mqZ l uQr xqqsl M eUL Cxq pa
sr (q.m. / E.q.m.) |

During the Vigilance Awareness Week, on 31st October,


2013, Shri Kamal Pant, IPS, Additional Commissioner
of Police, Law & Order, Bangalore addressed all the top
management and senior functionaries of the Bank. All
the Circle Heads (GMs/DGMs) also participated through
Video Conference.

zZ mqZ M eaM oll M sL .M.m.q., aQau q


``xzxl M mcU xiMi M xMUiqM raSl'' mU LM
Suxr Mrq M Arel Mr ar L.Lx. RssM, Q.
AD.e. zZ mqZ, x.o.AD, o.Lx. u LT. x., Ssso ij
AU Ll lrM, A.Lx.Q., x.u.x. l mipar M xoki
Mr Cx uwr mU qW mokM ij qZr, xiMi AkMU l p
mipar M xoki Mr |

One day Program on sensitizing senior branch heads


on Promoting Good Governance - Positive Contribution
of Vigilance was organized at RSTC, Gurgaon. Shri A S
Dhillon, DIG Head of the Branch, CBI, BS&FC, Delhi and
Shri R N Nayak, OSD, CVC addressed the participants. GM
& CVO also addressed the participants on the subject.

luUM, ZTr AU xfSU xiMi q xi Mi AkMUr M


Mr / pqM M oU q eaMi sl ij xiMi AMwi
MUl us zMri / qqs M iUi lmOl q xoki Alpa
x AukM Aluil MUl Wi, oM M ij oM U mrei
r aqh oM M xiMi AkMUr M eaM oll
q SlM 28/12/2013 M aQau q xiMi AkMUr M
xqqsl Arei Mr ar |

Vigilance Officers Conference was held at RSTC, Gurgaon


on 28.12.2013, to sensitize Vigilance Officers of the Bank
and RRBs sponsored by the Bank about the functions/
role of Vigilance Officers in Preventive, Detective and
Participative Vigilance, periodic follow up with the
concerned Sections in speedy disposal of complaints/
cases attracting vigilance angle.

21/02/2014 M oM l Aml mkl Mrsr, oasU q


``xuelM ZUS mU x.u.x. SzlSz'' mU LM xa? M
Arel Mr Als xbs, qZr iMlM mruM, MlS r
xiMi Ara, lD Sss l xp M xokl Mr AU oM q
xuelM ZUS M xok q up qqs mU xmwMUh Sr
xa q oM M El xiU M MrmsM AU xjlr oM M
qZr xiMi AkMUr l pa sr Acs M MrmsM l
uQr xqqsl M qkrq x pa sr |

On 21.02.2014, the Bank organized a Seminar on CVC


Guidelines on Public Procurement at Head Office,
Bangalore. Shri Anil Singhal, Chief Technical Examiner
from Central Vigilance Commission, New Delhi
addressed the gathering and also clarified on several
issues pertaining to public procurement in banks.
Top level Executives of the Bank and the CVOs of local
banks participated in the Seminar. The Executives of all
the Circles participated in the seminar through Video
Conference.

SlM 04/07/2013 M lD Sss q x.u.x. M xj oMa


M Akr u mokM lSzM / qZr xiMi AkMUr M
uwM r / mir xq oPM M SUl oM U mMzi
``luUM xiMi mU mxiM'' M uqcl qllr x.u.x.
mSm MqU U Mr ar |

During the Annual Zonal/ Sectoral Review Meeting of


C&MDs/ CVOs of Banking Sector-I held with CVC, at
New Delhi, on 04.07.2013, a Compendium on Preventive
Vigilance was brought out by the Bank and was released
by Honble CVC Shri Pradeep Kumar.
During the year, much thrust was given to preventive
vigilance, covering all the areas of banking. Emphasis
was also laid on proactive vigilance, which enabled
systemic improvement in the systems and procedures of
the Bank.

uw M SUl oMa M xp M zqs MUi WL ``luUM


xiMi'' mU AkM os Sr ar ``xr xiMi'' mU p
os Sr ar exx oM M mir Lu mrA q lUiU
xkU WA |
xU mok

Security Arrangements
Out of 4750 branches and 99 currency chests in

34 Acs q 4750 zZA AU 99 qS ieUr q x oM l

60

82 zZA M EU eZq, 1471 zZA M qkr q eZq


AU 3197 zZA M Mq eZq us zZA M m q
mWcl W xukM Sz-lSz M AlxU xU AkMUr
U Cl zZA M SU Mr ar |

34 Circles, the Bank identified 82 branches as High Risk,


1471 branches as Medium Risk and 3197 branches as Low
Risk. These branches were periodically visited by Security
Officers as per statutory guidelines. All the sensitive
currency chests were visited by the Chief Security Officer
during the year.

uw M SUl xp xuSlzs qS ieUr M SU qZr xU


AkMU U Mr ar zlZi Mr ar xuSlzs AU xp
L.O.Lq mU le xU Mq ili Mr ar W xp zZA
AU L.O.Lq mU x.x.O.u. sar ar W | xp oM M isl
q mWs oU oM l Air Aal xU li Amlr W e oM
M xp oW-qes osQa ij xp mUxU M muUi MUa |

Private security watchmen are deployed at identified


sensitive and vulnerable ATMs. All the branches and
ATMs are being provided with CCTVs. For the first time
amongst all the banks, the Bank introduced exclusive Fire
Safety Policy, which covers all high rise buildings and all
premises of the Bank.

mUuz q xkU
uw M SUl oM M 650 zZA q mUuz xkU Mr MUr
ar AU cs uUr uw M SUl zw 1280 zZA q rW
Mr mU Mr eLa | ``zZU mUrel'' M iWi o.x.e. M
xTUz M AlxU zZ sAFO M OMl mSzl uruxj M
xj LMs ZQM xu M sL mUuir Mr e UW W | mjq
Tx q 51 zZA M mrsO AkU mU zlZi Mr ar W
AU uw M SUl Cx 600 AU zZA iM uxiUi Mr eLa
| msZ mokl AU UMQ phQiUh mhs M zpUp mxiui
W e li m x mUuz q xkU sLa AU xj W Mrsr
xjl M AuzrMi M Mq MUa AU mUhqxuim MUr
urkr q MOi Wa |

Ambience Improvement
During the year, ambience improvement work was carried
out in 650 branches of the Bank and the remaining 1280
branches will be completed during the current financial
year. As per BCG recommendations under Project
Shikhar, branch layouts are being transformed for single
window service along with token display arrangement.
51 branches are identified on pilot basis in the 1st phase
and this will be extended to another 600 branches during
the year. Introduction of Document Management and
Record Storage System is on the anvil, which augurs well
for improving the ambience apart from reduction in
requirement for office space and consequent reduction
in rental expenditure.

xcl M AkMU
xcl M AkMU Aklrq 2005 M iWi, oM l xcl
Sl ij mUSzi sl M sL LM Allr xcl M AkMU
Aklrq MlS M xjml M W | xcl M AkMU Aklrq
M AuzrMi M AlxU AuSM M xcl Emsok MUl M
sL MlU oM l Aml xp 34 Acs q el xcl AkMUr
ij Amsr mkMUr M lqi Mr W | uw M SUl xcl
M AkMU Aklrq, 2005 M mukl M AlxU oM l 3190
xcl M AkMU AuSl, 561 mjq Ams ij 90 ir
Ams mmi M |

Right to Information
Under the Right to Information Act, 2005, an exclusive
Right to Information Act outfit is functioning to
provide information and bring transparency. As per the
requirement of the RTI Act, the Bank has nominated
Public Information Officers and Appellate Authorities
at Head Office and in all its 34 Circle Offices to provide
information to the applicants. During the year, the Bank
received 3190 RTI applications, 561 First Appeals and 90
Second Appeals as per the provisions of RTI Act, 2005.

Uepw M Mrlurl
xqkl uw M SUl, oM l Uepw Mrlurl M Aiai
xUWlr mai M W AU up xiU mU MD mUxMU mmi ML |

Implementation of Official Language


The Bank made noteworthy progress under the
implementation of official language and won many
prizes at various levels during the year under review.

rj qc 2014 M sapa 98 MqcUr l WlS q MrxkM


l Wxs Mr W AU Uepw lrq 1976 M lrq 10(4)
M Akl 2621 zZA M oM l Akxci Mr W WlS q
MrxkM l mmi oM M xp MqcUr M WlS Mrzs
q mzi Mr ar xqkl uw M SUl oM U Lx
MqcUr M sL 280 x AkM mlzcr mzh Mrq
Arei Mr ar |

As at March 2014, around 98% of employees have obtained


working knowledge in Hindi and the Bank has notified
2621 branches under Rule 10(4) of OL Rules 1976. All the
employees of the Bank possessing working knowledge
of Hindi have been trained in Hindi workshops. During
the year, the Bank conducted more than 280 refresher
training programmes for such employees.

61

xcl maM M q Uepw M Aqs MUl Wi oM l


``rlMQ'' M mra oRr AU oM M L.O.Lq. xl q 10
pUir pwA q slSl M mukl eU UZ | OsTl oMa
M xuk WlS AU Aae M xj mqZ 6 r pwA
q mSl M e cM W | oM M MmUO uoxCO mhi pw
W | oM uzw AuxU mU Aml xp aWM M WlS q Lx.Lq.
Lx. p pei W | 1 esD 2011 x oM l MU oMa mhs
q WlS M uMsm Emsok MUr W | WqU oM M CsYOlM
pw mi mxiM ``Mlmi'' M xp zZA M Mrsr q
Emsok MUr ar |

In the sphere of using information technology in the


Official Language, the Bank furthered the use of Unicode
package for word processing and also made provision
in ATM screens for carrying transaction in 10 Indian
languages. Telebanking facility is provided in Hindi and
English and 6 major regional languages. The Banks
corporate website is fully in bilingual. The Bank is also
sending SMSs in Hindi to all its customers on special
occasions. With effect from 1st July, 2011, the Bank
provided Hindi option in Core Banking System. The Banks
bilingual address booklet CANPATHA is made available
to all the branches and offices in electronic form. Hindi
option is provided in mobile banking also. Now, the Bank
is able to print ATM Transactions Report (Transactions
done in Hindi Option) in Hindi.

qoCs oMa q p WlS M uMsm ``Emsok'' MUr ar W |


Ao oM L.O.Lq. slSl mcr M qSh WlS q p MU xMi
W (WlS uMsm q ML aL slSl M sL) |
Uepw M mpu Mrlurl M mixWi MUl Wi oM U
``MlU oM Uepw Ar rel'' M iWi 156 mUxMuU Acs
Mrsr, r MqcU mzh qWusr, zZA u
Mrsr M Alpa M mSl ML aL | ``MlU oM Uepw
mUxMU rel'' M iWi 107 MqcUr M mUxMU mSl ML
aL | oM l Aml MqcUr M sL LM uwM ``AZs pUir
WlS lok mirai'' p AUp M W AU ueiA M lMS
mUxMU SL aL |

To encourage effective implementation of Official


Language in the Bank, 156 prizes were given to Circles,
Branches, RSTCs and Sections at Head Office and Circle
Offices under the award Scheme formulated by the
Bank, viz., Canara Bank Rajbhasha Akshay Yojana and
102 employees were awarded under Rajbhasha Puraskar
Yojana. The Bank also conducted annual All India Hindi
Essay Competition and awarded the prize winners.

xQo U Arei AZs pUir WlS lok sZl mirai


M iWi WUlSU xW rSu, uzw xWrM, xYOU 10L zZ,
aQau M uzw mUxMU x xqqli Mr ar | Aplr
MqU f, Uepw AkMU M sZ pUir Ueu oM M iqW
mM oMa cil AlciUl q mMzi Mr ar |

Shri Harinder Singh Yadav, Special Asst., Sector 10 A


Branch, Gurgaon was awarded Special Prize under All
India Hindi Essay Writing Competition organized by
SIDBI. Shri Abhinay Kumar Jha, OL Officers article was
published in Banking-Chintan Anuchintan, quarterly
Hindi magazine of RBI.

uw M SUl oM M Ak uwM WlSU mM MlU eri 11


u Lu 12u AM eU Mr ar | mkl Mrsr, oasU q WlS
Sux xqUW M SUl WqU Akro Lu mok lSzM U 11u
AM M uqcl Mr ar | WqU oM M Uepw AkMUr M
31u AZs pUir xqqsl M AuxU mU 12u AM M uqcl
mq ms zq, xr xcu, Usu qsr, pUi xUMU U
Mr ar | MlU eri WlS q qs sZl M mixWWi MUl
M sL lMs ei W | Cxq oM M MqcUr U sZi
oMa xok sZ, Mui, sb Mj, r ui AS zqs W |
EssZlr W M ``MlU eri'' M xqkl Auk M
SUl mii L.o.x.AD. U pw ua Wi Uei mUxMU x
xqqli Mr ar |

The Banks half yearly Hindi journal Canarajyoti


11th & 12th issues were brought out during the year.
The 11th issue was released by the C&MD during Hindi
Day Celebration at Head Office, Bangalore & 12th issue
was released on the occasion by Shri Prempal Sharma,
Joint Secretary, Ministry of Railways, GoI. Canarajyoti is
brought out to encourage original writing in Hindi. This
Publication contains articles on banking related subjects
as well as Poetry, Short Stories, Travelogues in Hindi
written by employees.

WqU oM M Uepw AkMUr M 31u AZs pUir xqqsl


5 u 6 qc 2014 M r MqcU mzh qWusr, aQau
q Arei Mr ar | 7 u 8 qc 2014 M .M.m.q. q
Uepw AkMUr M sL Uepw mokl Mrq M p
Arel Mr ar | SlM 10 qc x 14 qc 2014 iM oM
M lu lr AkMUr M sL MlSr AluS orU, lD Sss
M iiukl q 5 Suxr AluS mzh Mrq M Arel
Mr ar |

The 31st All India OL Conference of OL Officers of the


Bank was held at RSTC, Gurgaon on 5th and 6th March,
2014. On 7th and 8th March, 2014, a Programme called
Rajbhasha Prabandhan Karyakram was also conducted
for the OL Officers at RSTC, Gurgaon. From 10th to 14th
March, 2014, a Translation Training Programme under
the aegis of Central Translation Bureau, New Delhi was
also conducted for the OL Officers of the Bank.

62

uw M SUl oM M MqcUr M sL 13 MlS

q pUir

A programme named Rajbhasha Prabandhan Karyakram


was organised under the aegis of Bharatiya Sanskriti
Sansthan in 13 different centres for the employees of
the Bank.

xxMi xxjl M iiu ukl q ``Uepw mokl Mrq'' M


Arel Mr ar |

xqir aPi W |

The 3rd Sub-Committee of Parliamentary Committee on


Official Languages inspected the Banks Hoshangabad
and Pithoragarh branches and Head Office and lauded
the efforts of the Bank in the field of Official Language
implementation. The Bank is convening the Town Official
Language Implementation Committees of Bangalore,
Agra, Coimbatore and Thiruvananthapuram. Official
Language Implementation Committees are constituted
in all the branches of the Bank to motivate and guide the
employees towards effective implementation of Official
Language Policy of the Govt. of India.

ZsMS M muil

Promotion of Sports

MlU oM l Wqz ZsMS M mixWl ij xqjl Sr W | uw

Canara Bank has always encouraged and supported


sports. A Sports Council at Head Office was set up in the
year 1982 to monitor and encourage sports in the Bank.

xxSr Uepw xqi M ixU Em xqi l oM M WzaoS


AU mjUaR zZA ij mkl Mrsr M SU Mr AU
Uepw Mrlurl M q oM M mrx M xUWl M |
oasU, MroMU, AaU AU iulimUq q oM laU Uepw
Mrlurl xqi M xreM W | pUi xUMU M Uepw li
M mpu Mrlurl M mi MqcUr M mixWi MUl u
qaSzl Sl M sL oM M xp zZA q Uepw Mrlurl

1982 q oM q ZsMS M Almuil u mixWl M sL mkl


Mrsr q LM ZsMS MExs M aPl Mr ar |

The Bank has on its rolls 40 sports persons in six disciplines,


viz., Cricket, Hockey, Athletics, Shuttle Badminton, Ball
Badminton and Table Tennis. International Sportspersons
Shri B K Venkatesh Prasad and Shri Sunil Joshi (Cricketers),
Shri U Vimal Kumar (Shuttle Badminton) are presently in
the Banks fold. Besides the above sportspersons, Smt
M K Asha, Smt Suma Gopalakrishna and Smt H M Jyothi
(Athletics) and Shri Bharat Chhetri, Shri P Shanmugam,
Shri K M Somanna and Shri K P Dinesh (Hockey) are also
on the Banks rolls.

oM q 6 q Aji MO, WM, qWs AjsOYx


2, oQqOl, os oQqOl u Oos Ox q 40 ZsQ MrUi
W | AiU r MO ZsQ o M uMOz mxS, xls
ez, x zi UaxuMq uiql q oM q MrUi W | CxM
Asu qi Lq M Az, qi xq amsMwhz ij qi
Lc Lq erUi (AjsOYx) AU pUi N, m whqaq,
M Lq xqhhi, M m Slz (WM elrU COUlzls)
p oM q MrUi W |

Over the years, Canara Bank has secured several


distinctions in the sporting arena. The Banks Cricket,
Hockey, Shuttle Badminton and Table Tennis are among
the top teams at the State level. Notably during 201314, Smt H M Jyothi secured Silver Medal at the Senior
Open National Athletic Championship held at Ranchi.
She was also provisionally selected for the upcoming
Commonwealth Games and Asian Games 2014. The
Banks Cricket Team secured 1st Runner-up position in the
1st Atharva Pattison All India T-20 Cricket Tournament
held at Pune. Shri K B Pawan was part of the Tripura State
Ranji Trophy Team in both the formats. Shri Mansur Ali
Khan Ludhi was part of the Support Staff of the Karnataka
State Cricket team which won the Ranji Trophy (4 Day
and 1 Day Formats) and Irani Trophy. The State Cricket
Team created history by winning all three major trophies
in a year. The Banks Shuttlers Shri D Guruprasad and

xs x ZsMS M q MlU oM l MD Emsokr


Wxs M W AU oM M MO, os oQqOl ij Oos Olx
Oq MlOM Uer q Allr xjl mU W | 2013-14 M SUl
qi Lc Lq eri l Uc q Arei xlrU Aml lzls
LjsOM cqmrlzm q Uei mSM mmi Mr| ElW Alus
Mqlusj aqx AU Lzrl aqx 2014 M sL p cl ar
W | mh q Arei mWs Aju mOxl Bs CQr O - 20
MO OlqO q oM M MO Oq mWs UlU-Am UW | M
o mul mU Uer Uhe OT Oq M Wxx j | qxU As
Zl sk MlOM xOO MO Oq M xmO xOT M Wxx j,
exl Uhe OT (4 Sl AU 1 Sl) ij CUl OT ei j |
Uer MO Oq l uw q xp qZr OTr M eiMU CiWx
Uc Sr | oM M xOsx Q amxS AU uli qlLs

63

MlOM Uer xOs oOqOl Oq M Wxx j elWl qasU q


Arei xlrU xEj el xOs oOqOl cqmrzm q xuh
mSM ei |

Shri Vineeth Manuel were part of the Karnataka State


Shuttle Badminton Team that won the Gold Medal at
the Senior South Zone Shuttle Badminton Championship
held at Mangalore.

oM mkl Mrsr M Oq M Asu r AiU oM OlqO


M sL Acs Mrsr xiU mU p Oq M mrei MUi
W | oM M 50% x AkM ZsQ Aml xoki Zs q
MlOM Uer M milkiu MUi W |

Apart from the teams at Head Office, the Bank is also


sponsoring teams at Circle Office level for the local/
regional Inter Bank Tournaments. More than 50% of the
Banks sports personalities are representing Karnataka in
their respective sports discipline.

ur xmUqMO

FINANCIAL SUPERMARKET

xWrM, mrei xxjL u xr Eq


Eq
MlU oM l aWM Wi `LM xOm oMa' mSl MUl M Ezr
x 1980 SzM M Ai M SUl xWrM Zsl M U uuk
MUoU aiukr q muz Mr | Ae, oM uuk q Mq
x Mq l xWrM / mrei xxjA / xr Eq M xj
LM `ur xmUqMO' M m q Mr MU UW W |

Subsidiaries, Sponsored Entities and Joint Ventures


Canara Bank, with an objective of offering One Stop
Banking facilities for the customers, forayed into
diversified business activities by opening subsidiaries
during late 1980s. Today, the Bank functions as a Financial
Supermarket with as many as nine subsidiaries/
sponsored entities/ joint ventures in diversified fields.

uw M SUl, oM l xqrM qsrMl Wi u oM M xWrM/


xWra Wi ZM irU MUl M sr p LM xsWMU M m
q qxx MmLqe xsWMU xuL mCuO sqOQ lr Mr
W | oM xsWMU U xfui up mWs M xok q
mrsO M Mrurl M mr q W |

During the year, the Bank appointed M/s KPMG


Advisory Services Private Limited as Consultant for a
comprehensive assessment and also to draw a roadmap
for the Banks Subsidiaries/ Associates. The Bank is in
the process of implementation of the pilots in respect of
various initiatives suggested by the Consultant.

oM M xp xWrM / mrei xxjA / xr Eq l uw


M SUl xiwelM MrlwmSl Se Mr W |

All the subsidiaries/ sponsored entities/ joint ventures


of the Bank recorded satisfactory performance during
the year.

uherM CQ oM LsLsx (xADoLs)


xADoLs, MlU oM u pUir xOO oM M xr Eq,
Ams, 2004 x qxM, x q Mr MU UW W | 31 qc, 2014
M Mml l rLx 4.07 qsrl QsU M MU M mi sp
Aei Mr W |

Commercial Indo Bank LLC (CIBL)


CIBL, a joint venture of Canara Bank and State Bank of
India, has been operational from April 2004 in Moscow,
Russia. The Company earned a profit after tax of US$4.07
million as on 31st March, 2014.
Canbank Venture Capital Fund Limited (CVCFL)

MloM Eq me Mw sqOQ (xuxLTLs)


1995 q laqi, MloM Eq me Mw sqOQ, MloM Eq
me Mw (xuxLT) M lrx u molkM W AU oM M
mh xuqiu us CMD W | Mml l MlU oM xWi 19 oM
U AzS, Ao iM 5 Mw eU Mr W, rj, `16.42 MUQ
M AkUpi lk M xj Mw I, `10.50 MUQ M AkUpi
lk M xj Mw II, `30 MUQ M AkUpi lk M xj
Mw III, `60 MUQ M AkUpi lk M xj Mw IV AU
luliq `500 MUQ M AkUpi lk M xj Cqea CQr
aj TQ | Mw Ap luz qQ M Aiai W |

Incorporated in 1995, Canbank Venture Capital Fund


Limited is the Trustee and Manager of Canbank Venture
Capital Fund (CVCF) and a wholly owned Subsidiary of the
Bank. The Company has floated 5 funds till date, viz., Fund
I with corpus `16.42 crore, Fund II with corpus `10.50
crore, Fund III with corpus `30 crore, Fund IV with corpus
`60 crore and the latest one being the Emerging India
Growth Fund with a corpus of `500 crore, contributed
by 19 banks including Canara Bank. The Fund is under
investment mode.

64

uw 2013-14 M SUl, Mml l `6.10 MUQ M MU M oS


p sp Aei Mr W AU 800% M spz M pail Mr
W | Mml l LqLxLqD M sr `500 MUQ M lr Mw M
Arel Mr W AU rW xiqoU 2014 iM z Mr era |

During 2013-14, the Company posted a profit after tax


of `6.10 crore and has paid a dividend of 800%. The
Company has planned a new fund of `500 crore for
MSME sector and will be launched by September 2014.

MlTl Wqx sqOQ (xLTLcLs)


1987 q laqi, MlTl Wqx sqOQ, e M MlU oM M
LM mrei xxj W, mqZ Aux u xxjA q x LM W,
exM mU Sz pU q 87 zZL W | 31.03.2014 M xLTLcLs
q oM M zrU 42.35% W |

Can Fin Homes Limited (CFHL)


Incorporated in 1987, Canfin Homes Limited, a
Sponsored Entity of Canara Bank is one of the premier
housing finance entities, with 87 branches spread across
the country. As on 31.03.2014, the Banks stake in CFHL
is 42.35%.

uw M SUl, Mml l `2548 MUQ M xuiUh Uz M xj


`2907 MUQ M Gh Uz M qeU S W| Mml l uw xqml
qc 2014 Wi `75.71 MUQ M MU M mi sp Aei Mr W
AU 2013-14 Wi 65% M spz mxiui Mr W |

During the year, the Company sanctioned loans


amounting to `2907 crore, with disbursement
amounting to `2548 crore. The Company earned a
profit after tax of `75.71 crore for the year ended
March 2014 and proposed a dividend of 65% for 2013-14.

MloM TYOx sqOQ (xLTLs)


1991 q laqi, oeM plD, o ZioW mzxl, Gh uxs
u xsWMU xuA q xsmi MloM TYOx sqOQ oM M
LM TYOa xWrM W | 31.03.2014 M xLTLs q oM M
zrU 70% W | Mml Aml Asmuk Gh Mrq M sr xs
U ``m1+'' M Eiq UOa mmi Mr WL W |

Canbank Factors Limited (CFL)


Incorporated in 1991, Canbank Factors Limited is a
factoring Subsidiary of the Bank involved in invoice
discounting, sales ledger administration, debt collection
and advisory services. As on 31.03.2014, the Banks stake
in CFL is 70%. The Company enjoys the highest rating of
p1+ by CRISIL for its short term debt programme.

2013-14 M SUl, Mml l `2711 MUQ M Ms MUoU


OlAuU mmi Mr W | Mml l uw xqml qc 2014 M sr
`10.60 MUQ M MU M mi sp Aei Mr W AU 2013-14
M sr 10% spz mxiui Mr W |

During 2013-14, the Company achieved a total business


turnover of `2711 crore. The Company earned profit
after tax of `10.60 crore for the year ended March 2014
and proposed 10% dividend for 2013-14.

MloM MmrOU xuL sqOQ (xxLxLs)


1994 q laqi, MloM xuL sqOQ, xnOurU uMx,
omA, LOLq molkl AU UexOU u zrU AiUh xuA q
xsmi W | mU Sz q rW LMq xnOurU Mml W e M
xuelM M oM U muii W | Mml lxMq M xSxr
W AU u oM mUrelA M sr xnOurU xqkl mSi
M m q meMi W |

Canbank Computer Services Limited (CCSL)


Incorporated in 1994, Canbank Computer Services
Limited is engaged in software development, BPO, ATM
management and Registrar & Share Transfer services.
It is the only Software Company promoted by a public
sector bank in the country. The Company is a member
of the NASSCOM and is registered as a software solution
provider for World Bank projects.

31.03.2014 M xxLxLs q oM M zrU 69.14% W | `33


MUQ M OlAuU M xj, Mml l uw xqml qc 2014 M
sr `5.43 MUQ M MU M mi sp Aei Mr W AU
2013-14 Wi 50% M spz mxiui Mr W |

As on 31.03.2014, the Banks stake in CCSL is 69.14%.


With a turnover of `33 crore, the Company posted a
profit after tax of `5.43 crore for the year ending March
2014 and proposed a dividend of 50% for 2013-14.

MlU oM mipi sqOQ (xoLxLs)


MlU oM mipi sqOQ, (aiMs q, asO mipi OQa
MmUzl sqOQ) me oeU xoki aiukr q, uzwMU
2007 x xOM oMa q xsmi UW W |

Canara Bank Securities Limited (CBSL)


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

Mml, me oeU lMS ZQ, puwr u uMsm AU qS urim


ZQ q BlsCl OQa xuk mSl MUi W ij xxjai u
ZSU aWM, Sl M sr xuelM laq u qrcrAs TQ M
sr WxiUi W | Mml M aWM AkU 31000 x AkM W |

The Company offers online trading facilities in the capital


market-Cash Segment, Futures and Options and Currency
Derivatives Segments and subscribes to Public Issues
and Mutual Fund products for both institutional and
retail clients. The Company has a clientele base of over

65

xq M iWi uw M sr Mml l `14355 MUQ M OlAuU


M UmO M W | Cxl `6.07 MUQ M MU M mi sp Aei
Mr W AU 2013-14 Wi 12.5% M spz M pail Mr W |

31000. For the year under review, the Company reported


a turnover of `14355 crore. It posted a profit after tax of
`6.07 crore and paid dividend of 12.5% for 2013-14.

MloM ur xuL sqOQ (MlTl)

Canbank Financial Services Limited (Canfina)


Canbank Financial Services Limited has confined its
activities to legal matters arising out of past transactions
in securities, besides concentrating on collection of
lease rentals and recovery of dues under decreed
accounts. During 2013-14, Canfina recorded a profit
of `44.27 crore. It received an amount of `102.59 crore
from a suit filed account. It has repaid `25 crore during
the year towards handholding support given by the Bank
and with this, the entire handholding support of `376.45
crore given by the Bank is repaid.

MloM ur xuL sqOQ l Qo Zi M iWi m


MUr M uxs u AiSr M uxs mU krl MlSi MUl M
Asu Aml aiukr M mipi q mNs xuruWU x Eim
Mll qqs iM mU MU Sr W | uw 2013-14 M SUl
MlTl l `44.27 MUQ M sp Se Mr W | Cx uS SZs
Zi x `102.59 MUQ M Uz mmi WD W | Cxl uw M SUl
oM U Sr ar WQ WsQa xqjl M `25 MUQ M cMi
M W ij CxM xj, oM U Sr ar `376.45 MUQ M xmh
WQ WsQa xqjl M cMi WD W |

Canara Robeco Asset Management Company Limited


(CRAMC)

MlU UoM mUxm mokl Mml sqOQ (xAULLqx)


MloM qrcrAs TQ M Axir M molki MUl M sr 1993
q qxx MloM luz molkl xuL sqOQ xjmi M ar
j | uw 2007 q MlU oM l Axi molkl Mml M 49% zrU
qxx UoM xqW Ll u M m q uluz Mr j exx M
MloM qrcrAs TQ M Axir M molkl Wi LM xr Eq
M lqh WA | io x W Mml M MlU UoM Axi molkl
Mml sqOQ M m q ml:lqi MU Sr ar j |

To manage assets of Canbank Mutual Fund, M/s Canbank


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

qc 2014 M, 5.12 sZ M luzM AkU M MuU MUi WL


Mml M molkl M iWi Axir `7342 MUQ j | uiql q
Mml, asQ DLTO xWi 25 qrcrAs TQ relL xps UW
W | uw 2013-14 M sr Mml l `9.81 MUQ M MU M mi
sp Aei Mr W |

As at March 2014, the Assets under Management of the


Company was `7342 crore, covering an investor base of
5.12 lakh. The Company is currently managing 25 Mutual
Fund Schemes including Gold EFT. The Company posted a
profit after tax of `9.81crore for the year 2013-14.
Canara HSBC Oriental Bank of Commerce Life Insurance
Company Limited

MlU LcLxox AUrOs oM BT Mqx eul oq Mml


sqOQ

An Insurance Joint Venture floated by the Bank in


association with internationally reputed HSBC Insurance
(Asia Pacific) Holding Limited and Oriental Bank of
Commerce. The Company was incorporated during
September 2007 and commenced its business operations
from 16.06.2008, with a majority shareholding of 51%
held by the Bank. During 2013-14, the Company launched
3 new life insurance products, viz., ESmart Online Pure
Term Plan, Smart Monthly Income Plan and Smart Stage
Money Back Plan.

AiUr xiU mU mii LcLxox oq (Lzr mxTM)


WsQa sqOQ u AUrOs oM BT Mqx M xWra x oM
U oq xr Eq eU Mr ar W | Mml xiqoU 2007
M SUl laqi WD j AU oM U Arei 51% M oWqi
WxxSU M xj Aml MUoU mUcsl 16.06.2008 x mUp
Mr j | 2013-14 M SUl, Mml l 3 lr eul oq EimS
M zpUp Mr, rj, DxqO BlsCl z xuk rel, xqO
qxM Ar rel u xqO xOe ql oM rel |

The Company recorded statutory profit of `66.2 crore,


reaching its discrete break even in the 5th year of its
operation compared to the industry norm of 7 to 9 years.
The Company is currently ranked 11th among 24 private
players in the industry.

Mml l 7 x 9 uw M AaM qlSQ M isl q Aml


mUcsl M 5u uw q W UMQ iQ `66.2 MUQ M uklM
sp Se Mr W | uiql q Mml Ea M 24 mCuO ZsQr
q x 11u xjl mU W |

66

r aqh oM ((AUAUo)
AUAUo)

Regional Rural Banks (RRBs)


2013-14 was a landmark year for the Bank sponsored RRBs
seen in the context of amalgamation of geographically
contiguous RRBs within a State sponsored by different
banks. On 08.07.2013, North Malabar Gramin Bank
sponsored by Syndicate Bank was amalgamated with
the Bank sponsored South Malabar Gramin Bank to
form a single RRB, viz., Kerala Gramin Bank, covering the
entire State of Kerala. Similarly, on 23.08.2013, Krishna
Grameena Bank sponsored by State Bank of India was
amalgamated with the Bank sponsored Pragathi Gramin
Bank to form a single RRB, viz., Pragathi Krishna Gramin
Bank, covering 11 eastern districts of Karnataka. With
this merger, the total branches of the Bank sponsored 2
RRBs increased to 1137.

up oM U mrei LM Uer M AlSU pasM S x


xWi AUAUo M xqqsl M xSp q uw 2013-14 oM
mrei r aqh oM M sr qs M mijU xoi WA W |
08.07.2013 M MUs M mU Uer M MuU MUi WL LM AUAUo
rj, MUs aqh oM oll Wi xQMO oM U mrei lj
qsoU aqh oM u oM mrei xEj qsoU aqh oM M
xqqsi MU Sr ar j | rjxum, 23.08.2013 M MlOM
M 11 mu es M MuU MUi WL LM AUAUo rj, mai Mwh
aqh oM oll Wi pUir xOO oM U mrei Mwh aqh
oM u oM U mrei mai aqh oM M xqqsi MU Sr
ar j | Cx usrl M xj, oM U mrei 2 AUAUo M
Ms zZL oRMU 1137 W ar |

As at March 2014, both these RRBs were profit making


and the capital adequacy ratio is above the mandatory
norm of 9%. The aggregate business of the RRBs stood
at `34300 crore, comprising `17300 crore under deposits
and `17000 crore under advances as at March 2014.
The priority sector advances constituted 85% of total
advances as against the norm of 60% set by the National
Bank for Agriculture and Rural Development (NABARD).
Gross NPA and Net NPA levels were below 3% and 1.3%
of total advances respectively.

qc 2014 M r Sl W AUAUo sp Aei MU UW j AU


me mrmii Almi 9% M Alur qlSQ x AkM W |
AUAUo M Ms MUoU `34,300 MUQ UW, exq M qc
2014 M eq M iWi `17300 MUQ u Aaq M iWi `17000
MUQ xqWi W | mjqMi Aaq q Ur Mw AU aqh
uMx oM (loQ) U lkUi 60% M qlSQ M Lue q Ms
Aaq M 85% xqWi W | xMs LlmL u lus LlmL xiU,
Ms Aaq x qz: 3% u 1.3% lc j |

The Bank sponsored RRBs are 100% CBS compliant and


extend IT based products like RuPay ATM Debit Cards,
RuPay KCC Cards, SMS Alerts and remittance facilities like
NEFT & RTGS to their customers. During 2013-14, RRBs
installed 254 ATMs and also introduced Mobile Banking,
PoS facilities and Kiosk Banking Services.

oM mrei AUAUo 100% xoLx Almsi W AU ADO


AkUi EimS rj m LOLq QoO MQ, m Mxx MQ,
LxLqLx LsO u umwh xuk ex M lnO u AUOeLx
Aml aWM M uxiUi MUi W | 2013-14 M SUl, AUAUo
l 254 LOLq xxjmi Mr W AU qoCs oMa, mALx
xuk u MAxM oMa xu M p zpUp Mr W |

Pragathi Krishna Gramin Bank was awarded Outstanding


performance for issuance of RuPay ATM Debit Cards
under RRB category by NPCI. The award was conferred
by Honble President of India, Shri Pranab Mukherjee on
08.05.2014.

mai Mwh aqh oM M LlmxAD U AUAUo ua M


iWi ``m LOLq QoO MQ eU MUl M sr EiM mSzl'' x
xqqli Mr ar W | 08.05.2014 M pUi M qllr Umi,
mho qZe U rW xqql Sr ar |
mrei r aqh oM q ur xquzl M xji

Position of Financial Inclusion in the sponsored Regional


Rural Banks

oM M mrei AUAUo l 33 oM u qOU zZA, 339


AsO sb zZA, 808 MUoU xuSSiA u 3 qoCs
ul M zpUp U xp AuOi 532 au (2000 x AkM
elxZr us) AU 1589 au (2000 x Mq elxZr us) q
ur xquzl rel Mrui M W |

The sponsored RRBs of the Bank have implemented


financial inclusion plan in all allotted 532 villages
(with population above 2000) and 1589 villages (with
population below 2000) by opening 33 Brick and Mortar
branches, 339 Ultra Small Branches, 808 Business
Correspondents and 3 Mobile Vans.

67

mUxMU / mzx

AWARDS/ACCOLADES

up mWs M Apl q, uw M SUl oM M lqlsZi


mUxMU Sr ar:

In recognition of the varied initiatives, the Bank was


conferred with the following awards during the year:

``uw M xu oM mUxMU'', oasU molkl xb (oLqL)


U xxjmi |

Best Bank of the Year Award, instituted by The


Bangalore Management Association (BMA).

``xu ur xxjl'', MlOM cqoU BT Mqx xb,


oasU U lri EiMi mUxMU 2013 q ua-asQ |

Best Financial Institution, Category-Gold in the


Export Excellence Awards 2013 by the Federation of
Karnataka Chamber of Commerce, Bangalore.

asQl mMM mUxMU M mu xkr mU lSzM Tszm


xxjl x xqqli |

Awarded Institute of Directors Fellowship on the eve


of Golden Peacock Awards.

DCQr mUxMU 2013 M iWi ``mUmUM Ms AU xxMi


M qeoi oll'' mUrel M Aiai AlMUhr xLxAU
mWs Wi EiMi mqhm x xqqli |

Awarded Certificate of Excellence for exemplary CSR


Initiative for the project Strengthening Traditional
Art and Culture under eIndia Awards 2013.

MmUO mzxl q EiMi 2013 Wi asQl mMM


mUxMU |

Golden Peacock Award for Excellence in Corporate


Governance 2013.

WEx BT sQx, sSl q LlAUAD usTrU xqe U


Arei asos Lcux MlYsu M SUl Akr u molk
lSzM M qWiq ak mux asQ xqql x mUxMi Mr
ar |

C&MD was conferred Mahatma Gandhi Pravasi


Gold Samman Award during the Global Achievers
Conclave organized by NRI Welfare Society of India at
House of Lords, London.

``mir sp AiUh Lsme (QoOLs) urlQ es q


100%
100
% Mrurl'' mUrel M sr QoO ua M iWi
LTADmLx EiMi xqql 2013 |

FIPS Excellence Award 2013 under DBT Category for


the project- Direct Benefit Transfer LPG (DBTL) 100%
implementation in Waynad District.

SKOCH
AWARD
Responsibility.

Unity
International
Foundation
conferred
Outstanding Banker of the Decade Award.

GreenTech Life Time Award for Excellence in


Banking.

under

Corporate

Social

MmUO xqeM Sriu M iWi `xMc mUxMU' |

rlO COUlzls TEQzl l ``SzM M EiM oMU''


mUxMU x xqqli Mr |

``oMa q EiMi'' Wi alOM sCT OCq mUxMU |

Ams 2013 M SUl alOM TEQzl U xxjmi xu


LcAU ElqZ xDA, LcAU q oWiUl Uhli, mzh
EiMi mUxMU |

Best HR Oriented CEO, Best Strategy in HR,


Training Excellence awards instituted by GreenTech
Foundation during April 2013.

xuelM Eq xxjl U xxjmi Lzr mxTM


LcAULq Max 2013 l ``uw M xDA'' u ``LcAU
ElqZi M xj xDA'' x xqqli Mr |

Asia Pacific HRM Congress 2013 instituted by


Institute of Public Enterprises conferred CEO of the
Year and CEO with HR Orientation.

mUuil el Msrh xqi, lD Sss U Arei Szq


WlS qWMqp Lu xWir xqqsl q `WlS Uepw xqUM
U' m
m UxMU |

Hindi Rajbhasha Samrakshak Ratna Award


in Dasham Hindi Mahakumbh Evam Saahitya
Conference organized by Parivartan Jan Kalyaan
Samiti, New Delhi.

uw 2013 M sr MmUO xqeM Sriu q EiMi Wi


asQl mMM mUxMU |

Golden Peacock Award for excellence in Corporate


Social Responsibility for the year 2013.

68

uw 2013 M sr MmUO xqeM Sriu q EiMi Wi


alOM mUxMU |

Greentech Award for excellence in Corporate Social


Responsibility for the year 2013.

pUi M xu 2013 Wl M sL LM mSM AU mzxi m


M xj xMc mleaUh mUxMU 2013 |

Skoch Renaissance Award 2013, with a Medal and


Citation for being Indias Best-2013.

oMa EiMi mUxMU 2013 M iWi pUir LqLxLqD M


cqoU U xxjmi `LqLxLqD M iWi lr mWs MUl Wi
erU mUxMU' |

Jury Award for New Initiatives under MSME


instituted by Chamber of Indian MSME under
Banking Excellence Awards 2013.

aqh uMx qsr, pUi xUMU U saiU SxU uw


M sL aqh xu UeaU mzh xxjl M Mrurl
Wi EiM oM mUxMU | xu mSzlMU AULxDOAD
M m q Wxl (MlOM) u imU (iqslQ) q Aml S
uz AULxDOAD M sr ua I u ua II M iWi mUxMU
| oM U xW-mrei 27 AUrQLxDOAD q x 5 M
xu mSzlMU AUrQLxDOAD M m q xqqli
Mr ar |

Best Bank Award for implementation of Rural Self


Employment Training Institutes for the second
consecutive year by the Ministry of Rural Development,
Govt. of India. Award under Category l & Category II
for two of its exclusive RSETIs at Hassan (Karnataka)
and Tiruppur (Tamil Nadu) as Best Performing RSETIs.
5 of the 27 RUDSETIs co-sponsored by the Bank were
awarded as Best Performing RUDSETIs.

Top Performer in New Demat Accounts Opened in


banking sector by National Securities Depository Ltd.,
(NSDL) for the year 2013.

Life Time Achievement Awards, Global HR Excellence


Awards (Award for Best Strategy in Line with
Business) and 8th Employer Branding Awards 2014
(Award for Excellence in Training), instituted by World
HRD Congress during February 2014.

Global CSR Excellence and Leadership Awards 2014


from CSR World Congress.

uw 2013 M sr Ur mipi lmaU sq., (LlLxQLs)


U oMa q `lr Zs QqO Zi q EiM lwmSM' |

TUuU 2014 M SUl u LcAUQ Max U xxjmi


sCT OCq LcuqO LuQ, asos LcAU EiMi LuQ
(MUoU q xu Uhli Wi mUxMU) u 8u CqmsrU
oQa LuQ 2014 (mzh q EiMi Wi mUxMU) |

xLxAU u Max x asos xLxAU EiMi u liiu


mUxMU 2014 |

u Aux Gh mSi
2013 Wi BEOsM ql x xu
mUxMU |

Best Home Loan Provider Award from Outlook Money


for 2013.

xUi ADO 2014 mUxMU M iWi uei M m q bwi


``xoLx Wi TaU mO AkUi orqOM mkMUh''

Finger Print based Biometric Authorization for CBS


declared as winner under Secure IT 2014 award.

The Banks Desktop Management System project


awarded amongst Indias Best -2013 in 33rd SKOCH
Summit.

NFS Operational Excellence Award 2013 - Special


Jury Award 2013 by NPCI in recognition of Banks
excellent performance in key parameters in respect
of ATMs and Switch connected to NFS ATM Network.

Corporate Collateral Awards under various


categories by Public Relations Council of India.

Vigilance Excellence Award instituted by M/s


Institute of Public Enterprises, Hyderabad, in
commemoration of celebrating the Golden Jubilee
Year of the Institute, with a view to promote
excellence in the field of Vigilance in all the Central
as well as State level Public Sector Enterprises,
Nationalized Banks and other Financial Institutions.

33u xMc xqqsl q pUi M xu 2013 q oM M


QxMOm molkl mhs mUrel M mUxMi Mr ar |

LOLq u LlLTLx LOLq lOuM x eQ xuc M xok q


qZr qmSQ q oM M EiM MrlwmSl M Apl q
LlmxAD U LlLTLx mUcsl EiMi mUxMU 2013
- uzw erU mUxMU 2013 |

pUir xuelM xok mUwS U up ua M iWi


`MmUO xmM mUxMU' |
xp MlSr M xj-xj Uer xiU M xuelM
Eq, UrMi oM u Alr ur xxjA q xiMi
M q EiMi M oRu Sl M mUSzr x xxjl M
xuh eri uw qll M xqUhixu q qxx xuelM Eq
xxjl U xxjmi `xiMi EiMi mUxMU'|

69

oM M up lir

VARIOUS POLICIES OF THE BANK

oM M AcN iUW x mUpwi lir AU mrA M LM

There is a system of well-defined policies and procedures


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

mhs W | uw M SUl pUo M ulrqM AuzrMiA, pUi


xUMU M SzlSz u uiql mUSzr q oM M AMxqM
AuzrMiA M Uzl q oM M lir u mrA M xuW
oll Wi Px mrx Mr ar W | iSlxU, Alr M oc, xZ
eZq molkl, oeU eZq molkl, mUcsM eZq molkl,
Axi Sriu molkl, cslk eZq molkl, xqW eZq
molkl, Sz eZq, mim oM eZq, MmUO mzxl,
mMOl, xmM molkl, ilu mUh, Almsl Mr, AmS
mlmmi AU MUoU xii Arel, MUoU sCl, AEOxxa
AU ADxLLm, MuDx, LLqLs, uxs, u luz M xok q
lir mU ih krl MSi Mr ar W |

lSzM qQs q mUuil

CHANGES IN THE BOARD OF DIRECTORS

oM M lSzM qQs M xUcl q uw 2013-14 q lql mUuil


SZ ar W |

Year 2013-14 saw the following changes in the


composition of the Board of Directors of the Bank.
Shri V S Krishna Kumar was appointed as the
Executive Director, w.e.f 04.04.2013.
The tenure of Smt Archana S Bhargava as Executive
Director ended on 22.04.2013, on her elevation as
C&MD of United Bank of India.
Dr Rajat Bhargava was appointed as Government of
India Nominee Director, w.e.f 26.07.2013, in place of
Smt Sudha Krishnan whose term as Government of
India Nominee Director ended on 25.07.2013.
The tenure of Shri P V Maiya and Shri Sunil Gupta as
Shareholder Directors ended on 26.07.2013.
Shri Brij Mohan Sharma, Shri Rajinder Kumar Goel
and Shri Sanjay Jain were appointed as Shareholder
Directors, w.e.f 27.07.2013.
Shri Pradyuman Singh Rawat was appointed as
Executive Director, w.e.f 05.08.2013.
Shri Brij Mohan Sharma, Shareholder Director
demitted Office on 31.12.2013.
Shri Sairam B. Mocherla was appointed as Part Time
Non-Official Director, w.e.f 05.12.2013.
Shri Sunil Hukumchand Kocheta was appointed as
Part Time Non-Official Director under Chartered
Accountant Category, w.e.f 06.12.2013.
The tenure of Shri G V Manimaran, other than Workmen
Representative Director, ended on 13.12.2013 and he
was re-appointed, w.e.f 03.01.2014.

04.04.2013 x u.Lx. Mwh MqU MrmsM lSzM M


m q lr WL W |
qi Acl Lx pau, MrmsM lSzM M MrMs
22.04.2013 M xqmi W ar, e M Ao rlCOQ oM
BT CQr M Akr u molk lSzM ol ar W|
qi xk Mwhl, elM 25.07.2013 M pUi xUMU
lqi lSzM M m q Auk xqmi W aD W, M xjl
mU 26.07.2013 x Q.Uei pau M pUi xUMU lqi
lSzM M m q lr Mr ar |
26.07.2013 M m u qrr u xls ami M
zrUkUM lSzM M m q MrMs xqmi W ar |
27.07.2013 x oe qWl zq, UelSU MqU ars
u xer el zrUkUM lSzM M m q lr WL |
05.08.2013 x mql xW Uui MrmsM lSzM M
m q lr WL |
31.12.2013 M oe qWl zq, zrUkUM lSzM l
Mrsr NQ Sr |
05.12.2013 x xDUq o. qcs AzMsM aUAkMUM lSzM M m q lr WL |
06.12.2013 x xls WMqclS McO cOQ LMEOO
h M iWi AzMsM aU-AkMUM lSzM M m q
lr WL |
e u qhqUl, MqaU milk M Asu Alr M
lSzM, M MrMs 13.12.2013 M xqmi W ar ij
ClW 03.01.2014 x ml: lr Mr ar W|

70

uw 2013-14 M SUl oM M lulr lSzM qQs M xmi


orU

Brief Profile of the newly appointed, Directors of the


Board of the Bank during 2013-14
Shri V S Krishna Kumar
Shri V S Krishna Kumar joined Allahabad Bank as a Direct
Recruit Officer in 1981. During his career spanning
over three decades, he headed various branches and
departments across the country.

u Lx Mwh M
MqU
u Lx Mwh MqU 1981 q xk pi AkMU M m q
CsWoS oM q lr WL | il SzM q Ts Aml MUrU
M SUl ClWl Sz pU q AlM zZA u mpa M

He carries with him vast knowledge and multidimensional banking experience, spanning over 32 years
with expertise in Credit, Inspection, Vigilance and Human
Resources Management.

Akri M |
r QO, lUh, xiMi AU qlu xxkl molkl q uzwi
M xj 32 uw x AkM M uzs l AU oW - Arq

He has been conferred with the following awards:


30 Most HR Talented Leaders
HRD Leadership Awards 2013

oMa Alpu xqO WL W |


ClW lqlsZi mUxMU x xqqli Mr e cM W:

30 xox mipzs qlu xxkl li

LcAUQ sQUzm mUxMU 2013

He is also on the Boards of the Banks Subsidiaries, viz.,


Canbank Factors Limited, Canara Bank Securities Limited,
Canbank Computer Services Limited, Canbank Venture
Capital Fund Limited, Canara HSBC OBC Life Insurance
Company Limited and Canara Robeco Asset Management
Company Limited.

r oM xWrM rj, MloM TYOx sqOQ, MlU oM mipi


sqOQ, MloM MmrOU xuL sqOQ, MloM Eq me Mw
sqOQ, MlU LcLxox Aox eul oq Mml sqOQ

Dr. Rajat Bhargava


Dr. Rajat Bhargava, IAS, was nominated as Government
of India Nominee Director on the Board of the Bank, with
effect from 26.07.2013.

u MlU UoM Axi molkl Mml sqOQ, M oQ q p W |


Q. Uei pau
Q. Uei pau, ADLLx, pUi xUMU lqi lSzM M m q
u 1990 oc M AD L Lx AkMU W | ElWl papzx q

He is an Officer of the 1990 Batch of the IAS. He holds


a Masters degree in Geology and a PhD on Geology
Engineering. He is a law graduate and an MBA in Financial
Management.

xliMU Qa M xj papzx CelrUa q mLcQ p M


W | ElWl uk xliM u ur mokl q LqoL p Mr W |

He has held important positions in the State, Central


Government and various Ministries of GoI.

ElWl Uer xUMU, MlS xUMU u pUi xUMU M up qsr


q qWiumh mS mU Mr Mr W |

Dr. Bhargava has several publications to his credit.

oM M oQ q 26.07.2013 x lqMi WL |

Presently, he is the Joint Secretary (Budget), Department


of Economic Affairs, Ministry of Finance.

uiql q u uqsr M AjM qqs upa q xr


xcu(oeO) M mS mU MrUi W |

Shri Sanjay Jain


Shri Sanjay Jain was elected as a Shareholder Director on
the Board of the Bank for a period of three years, with
effect from 27.07.2013.

xer el
xer el M oM M lSzM qQs q 27.07.2013 x mpu
3 uw M Auk M sL zrU kUM lSzM crli ML aL W |

He is a Chartered Accountant, with more than 25


years of experience. Shri Sanjay Jain has conducted
Statutory Audit, Concurrent Audit, Stock Audit of Banks,
Government Companies, Public Limited Companies and
Private Limited Companies. Shri Jain is a Financial and Tax
Advisor to Institute of Studies in Industrial Development,
New Delhi and Burning Brain Society, Chandigarh. He

u LM 25 uwr Alpu xlS sZMU W | xer el l


xukM sZmU, xaq sZmU, oM, xUMU Mmlr,
mDuO sqOQ Mmlr, M xOM sZmUh Mr W |
el AaM uMx Akrrl xxjl lD Sss u ola ol

71

xxDO, cQaR q LM ur u MU xsWMU W | u Ar MU

also represents various cases before Income Tax Appellate


authorities.

AmsO mkMU q up qqs q milkiu MUi UW W |

Shri Rajinder Kumar Goel


Shri Rajinder Kumar Goel, B.Com, FCA, started his
professional career with leading Chartered Accountant
firm M/s S R Batliboi & Company as Auditor. He started
practicing in January, 1986 as Chartered Accountant and
has handled various challenging assignments.

UelS MqU ars


UelS MqU ars, Mqx xliM, LTxL l Aml mzuU
MUrU M zAi LM mqZ xlS sZMU Tq qxx Lx AU
oOsor LQ Mml q sZmUM M m q Mr | ElWl xlS
sZMU M Mr eluU 1986 q AUp Mr u up climh

He is highly experienced in handling techno-economic


viability study, re-verification of audited accounts and
concurrent audits of sick & big borrowal accounts as per
BIFR approved rehabilitation package, investigation audit
of audited accounts of big borrowal accounts.

Mr M lwmSl Mr |
u LM E Alpu OYl- AjM xpuri Akrrl, sZ
mUi Zi, xaq sZmU M mlec u oADLTAU M
AlqSi mlux mMe M AlxU al u oQ EkU Zi M

He was elected as a Shareholder Director on the Board


of the Bank, with effect from 27.07.2013 for a period of
three years.

xaq sZmUh, sZmUi Zi M Alxkl sZ mUh


Mr W |
ElW oM M lSzM qQs q 27.07.2013 x mpu 3 uw M

Shri Pradyuman Singh Rawat


Shri P S Rawat joined Bank of India as a Probationary
Officer in 1979. During his career spanning over three
decades, he headed various branches, Zones, National
Bank Group, overseeing several zones across the country
and abroad.

Auk M sL zrU kUM lSzM crli Mr ar W |


mql xW Uui
mql xW Uui l 1979 q oM BT CQr q mUukl
AkMU M m q mS pU xps | Aml il SzM M up

He carries with him vast knowledge and multidimensional banking experience, spanning over 34 years
with expertise in Operations, Credit, Inspection, Stock
Exchange and Overseas Operations.

MUrU M SUl ElWl up zZA, el, Ur oM xqW,


Sz u uSz M MD M mruM M m q Mr Mr W |
ElW mUcsl, Gh, lUh, xOM LYxce, u xqSmUr
mUcsl M 34 uw M oMa M oWArq Alpu W |

Shri Sairam B. Mocherla


Shri Sairam B. Mocherla was nominated as Part-Time
Non-Official Director on the Board of the Bank, with effect
from 05.12.2013, for a period of 3 years by the Central
Government, under Section 9 (3) (h) of the Banking
Companies (Acquisition and Transfer of Undertakings)
Act, 1970.

xDUq o. qcs
xDUq o. qcs M 05.12.2013 x mpu 3 uw M Auk
M sL MlS xUMU U oMa Mml (Emq M AkaWh u
AiUh) Aklrq, 1970 M kU 9 (3) (Lc) M iWi AzMsM
aU AkMUM lSzM M m q lqi Mr ar W |

Shri Sairam B. Mocherla, born on 27.08.1964, is a Fellow


Member of the Institute of Chartered Accountants of
India (ICAI). He is also a Master in Business Administration,
with specialization in International Finance from Katz
Business School, University of Pittsburgh, USA.

xDUq o. qcs, elq 27.08.1964, pUir xlSsZMU


xxjl M Ts xSxr W | u Me oelx xMs, mOxoa
rluxO, rLxL x AiUr u q uzi M xj oelx
LQqlxOzl q xlMU p W |
ElW qxx Lq pxMU Uu LQ Mml (xlS sZMU) q paSU

He has 22 years of post qualification experience as Partner


in M/s M Bhaskar Rao & Co., (Chartered Accountants).

M m q zmUi 22 uw M Alpu W |
ElWl oM BT oQS, MlU oM, xOs oM BT CQr, meo

He led teams for Central Statutory Audit of Banks viz.,


Bank of Baroda, Canara Bank, Central Bank of India,

lzls oM, u oM BT CQr ex oM M MlSr xukM

72

sZ mU Ss M liiu Mr W | uiql q u DqUOx(oQ

Punjab National Bank and Bank of India. He is presently


Chairman Emeritus (Not Member of Board) - Capital
Fortunes Private Limited.

M xSxr lW) -MmOs TUcl mCuO sqOQ M Akr W |


xls WMqclS McO

Shri Sunil Hukumchand Kocheta


Shri Sunil Hukumchand Kocheta, Chartered Accountant,
Kocheta & Associates was nominated as Part Time NonOfficial Director under Chartered Accountant category
on the Board of the Bank, with effect from 06.12.2013,
for a period of three years.

xls WMqclS McO, xlS sZMU, McO LQ


LxxrOx M 06.12.2013 x mpu 3 uw M Auk M sL
oM M oQ M xlS sZMU h M iWi aU AkMUM
AzMsM lSzM M m q lqi Mr ar |
McO, qWU Uer x W ij mNs 25 uw x xlS

Shri Kocheta hails from Maharashtra and has been a


practicing Chartered Accountant for the last 25 years,
with experience in audit of banks, sugar factories,
NGOs, taxation, corporate taxation, analysis of financial
statements, project financing, etc. He served as a non
executive director on the Board of Bank of Maharashtra
for a period of three years from 10.07.2008 to 09.07.2011.

sZMU M m q MrUi W ij ElW oM M sZmU,


cl qs, LleA, MUkl MmUO MUkl, ur uuUhr
M uzswh, meYO u CirS M Alpu W | ElWl oM
BT qWU q aU MrmsM lSzM M m q 10.07.2008 x
09.07.2011 iM Mr Mr |

lSzM M Sriu uur

DIRECTORS RESPONSIBILITY STATEMENT

lSzM, 31 qc, 2014 M xqmi uw M sL uwM sZ M

The Directors, in preparation of the annual accounts for


the year ended March 31, 2014, confirm the following:

irU q lql M m MUi W:

That in the preparation of the annual accounts, the


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

That they had selected such accounting policies and


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

That they had taken proper and sufficient care for


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

That they had prepared the annual accounts on a


going concern basis.

uwM sZ M irU q qWiumh ucsl x xoki Eci


xmMUh xWi Emr sZMl qlSQ M msl Mr
ar W |

M ElWl El sZMl lir M crl Mr W AU ElM


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

M ElWl oM M Axir M xU M krl UZi WL


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

M ElWl uwM sZ M irU spMU MUoUus xxj


Wl M AkU mU M W|

73

klruS

ACKNOWLEDGEMENT

Aml xp WikUM rl zrUkUM, aWM, luzM, xUMU,

The Bank made several initiatives to maximize rewards


for all its stakeholders, viz., shareholders, customers,
investors, Government, RBI, employees and the public at
large.

pUir Ueu oM, MqcUr u qZr m x eli M AkMiq


miTs Sl M sL oM l MD MSq EPL |

The Board wishes to place on record its sincere


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

xUh M sL aWM, xWra M sL zrUkUM, qsrul


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

Ueu MzU So
Akr u mok lSzM

R K DUBEY
CHAIRMAN AND MANAGING DIRECTOR

74

MUoU EUSriu UmO -2013-14

BUSINESS RESPONSIBILITY REPORT 2013-14


(Under Clause 55 of Listing Agreement)

(xcMUh xqfi M kU 55 M Aiai)

pa M: oM M xqlr elMU

Section A: General Information about the Bank

1.

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


Not Applicable

Mml M MmUO mWcl xZr (xADLl) - sa lW

2. Mml M lq: MlU oM

2. Name of the Company: Canara Bank

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


oasU - 560002

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


C Road, Bangalore - 560002

4. uoxCO: www.canarabank.com

4. Website: www.canarabank.com
5. E-mail id: edscrt2@canarabank.com

5. D-qs: edscrt2@canarabank.com

6. Financial Year Reported: 2013-14

6. xci ur uw: 2013-14

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


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

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


ur xuL, qZr m x oMa

8. List three key products/services that the Company


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

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


(isl-m M AlxU): 1. jM oMa, 2. ZSU oMa,
3. aqh u Mw oMa
9. Mml U Mil xjl mU rMsm Mr e UW W
i.

9. Total number of locations where business activity is


undertaken by the Company

AiUr xjs M xZr (5


(5 qZr xjs oiL)

i.

r M (sSl u sxxOU), WaMa, cl (zbD) ij


oWUl (qlq) |

Number of International Locations (Provide


details of major 5)
UK (London and Leicester), Hong Kong, China
(Shanghai) and Bahrain (Manama).

ii. Ms Ur xjs M xZr: 4750

ii. Number of National Locations: 4750

10. Mml U xuL Emsok MUl M qMO - Ur u


AiUr

10. Markets served by the Company National and


International

FmU uhi olS 9 (i) M xjl M AiU oM M milkiu


Mrsr zUeW, rLD q W ij qxM, x q Mqzrs
oM BT CQr Ls Ls x lq x oM M xr Eq
p W|

Besides locations mentioned under Point No.9 (i)


above, the Bank has a Representative Office at
Sharjah, UAE and a Joint Venture Bank in Moscow,
Russia, viz., Commercial Bank of India, LLC.

pa Z: Mml M ur uuUh

Section B: Financial Details of the Company

1.

1. Paid up Capital (INR): `461.26 Crore

mS me ((`` q): `461.26 MUQ

2. Total Turnover (INR): Total Business: `721790 Crore


(Total Deposits: `420723 Crore + Net Advances:
`301607 Crore)

2. Ms MUoU (`q
( q): Ms MUoU `721790 MUQ (Ms
eqL: `420723 MUQ + lus Aaq `301607 MUQ)
3. MU mi Ms sp (`q): `2438 MUQ

3. Total profit after taxes (INR): `2438 Crore

4. MU mi sp M Mil mizi MmUO xqeM EUSriu


mU Ms Zc (%): qeUMi mUrel: 3.16 %
xuiUh: 1.72 %

4. Total Spending on Corporate Social Responsibility


(CSR) as percentage of profit after tax (%): 3.16%
Disbursement 1.72%

75

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

rMsm

5. List of activities sanctioned under CSR during 2013-14:

mrei
Uz
xuiUi
xZr (` sZ q)
Uz
(` sZ q)

Sl Activity
No.

No. of Amount Amount


Sponsor- (` lakh) Disbursed
ships
(` lakh)

M z

340

1005.52

620.67

a Education

340

1005.52

620.67

Z xuxjr

104

2138.03

301.89

b Health

104

2138.03

301.89

a Sl / xxMiM /
Zs

84

18.57

18.57

84

18.57

18.57

b xqeM Msrh u
UWi

346

1582.72

680.08

346

1582.72

680.08

Q. Fe xUh

21

208.41

75.87

e Energy Conservation

21

208.41

75.87

c qWs Msrh

46

60.79

53.49

Women Welfare

46

60.79

53.49

N Mzs uMx

2075.94

1841.62

g Skill Development

2075.94

1841.62

e qZr q
UWi Mw

605.55

605.55

h Chief Ministers
Relief Fund

605.55

605.55

Ms

c Charities/Culture/
sports
d Social Welfare &
Relief

953 7695.53 4197.74

Total

Segment-wise classification of Sponsorships sanctioned:

xuMi mrel M ZQ uU uaMUh:


M. z
.
Sl aW M lq
x.

a. Education

((` sZ q)
Ezr

qeUi
Uz

xuiUi
Uz

1 mrx xqeM aUo N M


Msrh xxCO, lzsM z
TUSoS

11.23

11.23

2 xcUrl
uusr,
pulU

MmrOU mzh
MlS M xjml

25.00

25.00

3 WqU xp
aqh zZL

u eri
rel M iWi
Ae/Aee
N M Nu

238.95

123.02

4 up eaW q
N usr

N usr
M 13

339.00

192.63

mipzs N
5 Aeq mqe
TEQzl, oasU M sL Nu

11.10

5.55

6 MlOM MlSr
uusr,
asoa

50.00

aqh uMx mU
Akrrl M sL
crU

953 7695.53 4197.74

Sl
No.

Name of
Donee

1 Prayas Social
Welfare
Society,
Faridabad
2 Centurion
University
Bhubaneshwar

76

Purpose

(` in lakh)
Amount
Amount
sancdistioned
bursed

Free Education
to poor
students

11.23

11.23

Establishment
of computer
training
centre
3 All our Rural
Scholarships
branches
toSC/ST
students
under Vidya
Jyothi scheme
4 Girls schools in Providing 130
various places toilets to Girls
schools

25.00

25.00

238.95

123.02

339.00

192.63

5 Azim Premji
Foundation
Bangalore

Scholarships
to meritorious
students

11.10

5.55

6 Central
University of
Karnataka,
Gulbarga

Chair for
studies
on Rural
Development

50.00

7 MlU E
qkrqM
usr, qasU
8 MlU oM Ae/
Aee xb,
oasU
9

10

11
12

13
14

15

16

17

18
19
20
21
22

NA M sL
100.00
xMs osQa M
lqh
MmrOU mzh
9.82
MlS M sL
MmrOU ij Alr
xWrM EmMUh
AzMUh xMs, qlxM m x
10.00
zqa
Aq M sL 3
ML
Wos ij
Mmx lk M
50.00
Axmx M qkrq x aUo
N M xWri
x mipzs
aUo N
pUir u
mzh MlS M
5.00
sL MmrOU
pul, oasU
MlU oM eos sCoU BOqzl
5.00
z lk
AU mxiM M
ZUS
pullS u
usr M sL
2.50
xxj, cMqasU TlcU
xu z
ahi xZl M
2.48
Aprl (Lx Lx mWs
L), qbsr
MlU oM M
TlcU, QxM,
53.01
oc, MmrOU, es
up zZL
zkM, Mm,
oxi
xqlj Nsr, AkrmMA M
60.00
AWqSoS
mzh M sL
xqlj Nsr
M qUqqi
LlQxsTl x LlQxsTl x
20.00
mQi, MxUaQ mQi mUuU
M N M sL
Nu
qOss ul mxiMsr M
3.12
qWusr
xkU
Mw ul
Lqoslx M
4.34
uusr
ZUS
UqMwh
150 u eri
5.00
qzl usr
xR qP, ul M sL Sl
7.22
Wos
AkUpi xUcl
AU Siur
0.75
lrx
Ms
1005.52

7 Canara High
School,
Mangalore

100.00

Construction
of school
building for
girls
Computers &
accessories
for computer
training centre
3 class rooms
for mentally
challenged
Hand holding
to poor
students
through
Corpus fund

8 Canara
Bank SC/ST
Association,
Bangalore
9 Ashakiran
school,
Shimoga
10 Poor
meritorious
students
from Hubli &
surrounding
areas
11 Bharatiya
Computers for
Vidya Bhavana, training centre
Bangalore
12 Canara
Automation
Bank Jubilee
of Library &
Education
purchase of
Fund
books
13 Bhuvanendra Furniture for
Vidya Samsthe, school
Chikmagalur
14 Sarva Shiksha Maths
Abhiyana SSA), learning
Meghalaya
initiatives
15 Various
Furniture
branches of
items, Desk 7
Canara Bank
benches,
computers,
water purifier,
note books,
bags,
16 Somnath
Repairs to
Chhatralaya, Somnath
Ahmedabad
Chhatralaya
for training
to women
teachers
17 Endosulfan
Scholarships
Victims,
to students
Kasargod
from
endosulfan
victims
families
18 Motilal Vigyan Library
Mahavidyalaya improvement
19 University of Purchase of
Agricultural
Ambulance
Sciences
20 Sriramakrishna 150th Birth
Mission
Anniversary
Vidyalaya

9.82

5.00
5.00

2.50
2.48

53.01

45.00

20.00

3.12
4.34
5.00
7.22

21 Sri Siddarooda Donation for


Math, Hubli
Van
22 Akshara
Infrastructure
Charitable Trust
Total

0.75
620.67

77

100.00

100.00

9.82

9.82

10.00

50.00

5.00

5.00

5.00

5.00

2.50

2.50

2.48

2.48

53.01

53.01

60.00

45.00

20.00

20.00

3.12

3.12

4.34

4.34

5.00

5.00

7.22

7.22

0.75

0.75

1005.52

620.67

Z. xuxjr

b. Health
(` in lakh)

(` sZ q)
.
Sl aW M lq
x.

Ezr

1 qjl lrx,
uzZmhq

qUe M xWri
M sL 4 mWL
uWl mSl MUl

2 Lx urx
uusr,
oasU

ra Ws M
lqh

3 o o Lq uD A, elUM xuxjr
MsWQ, AQz zuU M
Arel

qeUi
Uz

xuiUi
Uz

6.92

6.92

15.00

5.00

10.00

10.00

Sl
No.

Name of
Donee

Purpose

1 Manthana
Providing 4
Trust,
wheeler to
Visakapatnam serve patients

Amount Amount
sancdistioned bursed
6.92

6.92

2 S Vyasa
University,
Bangalore

Construction of
Yoga Hall

15.00

5.00

3 BBMYO,
Kalhandi,
Orissa

Conducting
Generic Health
camps

10.00

10.00

4 Az Sr
u qkqW
TEQzl,
Wos

cMix ec
zuU M
Arel

3.50

3.50

4 Asha Heart
& Diabetes
Foundation,
Hubli

Organising
medical check
up camps

3.50

3.50

5 Msor Lzr
Axmis, oasU

OCqx BT
CQr M qkrq
x Aa Sl
Aprl

5.00

5.00

5 Columbia
Asia Hospital,
Bangalore

Organ donation
campaign
through Times
of India

5.00

5.00

6 paUj es
rel, WSUoS

Ak mSz M 18
au q QnsUCQzl msO

36.00

36.00

6 Bhagirathi
Defluoridisation
water scheme, plants in 18
Hyderabad
villages of AP

36.00

36.00

7 xqiuq
l xeul
Axmis,
oasU

qkqW M sL
cMix EmMUh

88.75

88.75

7 Samatvam
Gnana
Sanjeevini
Hospital,
Bangalore

Medical
Equipments for
the Diabetes

88.75

88.75

8 xu Axmis, Axmis M sL
oasU
cMix EmMUh

69.34

14.20

8 Sevakshetra
Hospital
Bangalore

Medical
equipments for
the Hospital

69.34

14.20

QnsUCQzl
9 eQ
MwhmU
msO
au, cMossmU,
MlOM

6.06

6.06

9 Jodi
Deflouridization
krishnapura
village, Chikka- plant
ballapura,
Karnataka

6.06

6.06

10 es Axmis,
cMossmU

6.24

6.24

10 Dist Hospital, Dialysis unit to


Chikkballapura Hospital

6.24

6.24

Axmis M sL
Qrsxx rlO

78

11 qlO
BnisqM
Axmis,
oasU

Axmis M
sL BmUOa
qCxMm

12 uUSl xu xxjl, Axmis M sL


aeroS,
mjse so
EU mSz
13 MlOM M MsU au q
es
SnsUCQzl
M 217 Au
msO

9.99

9.99

35.00

1736.00

69.31

69.31

11 Minto
Ophthalmic
Hospital,
Bangalore

Operating
Microscopes to
the Hospital

9.99

9.99

12 Vardaan Seva Pathology lab


Sansthan,
for Hospital
Ghaziabad, UP

35.00

13 217 villages in DeKolar District, fluoridisation


Karnataka
plants in
villages

1736.00

69.31

69.31

14 MlU oM M
up zZL
ij MN Ll e
A

xuxjr
ec zuU,
U Sl
zuU,
Si ec
zuU,
Axmis M
EmMUh
Emsok
MUl

15 UqMwh qzl
Aq

cMix
Mrq

1.50

1.50

15 Ramakrishnas Medical
Mission
Programmes
Ashrama

1.50

1.50

16 MxU CxOO,
Sss

cMix EmMUh

5.00

5.00

16 Cancer
Medical
Institute, Delhi Equipments

5.00

5.00

Lqoslx
17 z Aqq
xuxjr xu lrx

9.25

9.25

9.25

9.25

18 MlOM sari
z xxCO

8.05

8.05

17 Sri Sakthi
Ambulance
Amma Health
Care Trust
18 Karnataka
Lingayath
Education
society

8.05

8.05

19 World Health Ambulance


Initiative, Delhi

4.48

4.48

20 Mission Ashra, Donation of


Bhubaneshwar Ambulance

7.64

7.64

21 Dr. M L
Infrastructure
Dhawale
Memorial Trust

5.00

5.00

2138.03

301.89

xxCO M
Axmis M sL
Lqoslx

19 u xuxjr mWs, Lqoslx


Sss

4.48

20 qzl A,
pulU

Lqoslx

7.64

7.64

21 Q. Lq Ls
kus xqUM
lrx

AkUpi xUcl

5.00

5.00

Ms

14 Various
branches of
Canara Bank
and few NGOs

4.48

2138.03 301.89

Total

79

Conducting
health check
up camps,
Blood donation
camps,
Dental check
up camps,
providing
medical
instruments to
hospitals etc.,

Ambulance to
Hospital of the
Society

a. Sl

c.

Charities

(` sZ q)
.
Sl aW M lq
x.

Ezr

qeUi
Uz

xuiUi
Uz

1 mxOu
mrms,
au

qxM
pel urr

1.60

1.60

2 MlU oM
Aqqos
zZ

MUlQ WlS
Spq

1.00

3 iqs
imi
Suxjlq

xxMi
Mrq

4 AZs
WurM
qWxp

Sl
No.

Name of
Donee

Purpose

(` in lakh)
Amount Amount
sancdistioned bursed
1.60
1.60

1 Positive
people, Goa

Monthly food
expenditure

1.00

2 Canara Bank
Ammembal
branch

Kurnadu Hindu
Rudrabhoomi

1.00

1.00

1.25

1.25

Cultural
Programmes

1.25

1.25

N M sL
Nux pul

5.00

5.00

3 Tirumala
Tirupathi
Devasthanams
4 Sri Akhila
Havyaka
Mahasabha

Hostel Building
for Students

5.00

5.00

5
xulrM
ahmi qSU
lrx

x NOl
qzl

6.50

6.50

Coin sorting
5 Sri
Siddivinayaka Machines
Ganapathi
Mandir Trust

6.50

6.50

6 ira
o qWixu
xp

el xO

3.22

3.22

Donation of
Gen set

3.22

3.22

18.57

18.57

18.57

18.57

Ms

6 Sri Thyaga
Brahma
Mahotsava
Sabha
Total

d. Social Welfare & Relief

b. xqeM Msrh u xWri

(` in lakh)

(` sZ q)
.
Sl aW M lq
x.

Ezr

qeUi
Uz

xuiUi
Uz

Sl
No.

Name of
Donee

1 Sur eri Siur os (sm) oYx


lrx, qxU
qSh qzl

5.36

5.36

1 Divya jyothi
Charitable
Trust, Mysore

2 xqjlq lrx,
oasU

uMsa M sL
oMU iZi

4.05

4.05

3 paul
qWuU
Mq Aa,
ermU

ermU TO Mq
Aa zuU

99.75

70.00

80

Purpose
Braille Box
printing
machine

Amount Amount
sancdistioned bursed
5.36

5.36

2 Samarthanam Bunker cots for


Trust,
disabled
Bangalore

4.05

4.05

3 Bhagwan
Jaipur foot
Mahaveer
artificial limbs
Artificial Limbs, camps
Jaipur

99.75

70.00

4 UqMwh
qzl,
lD Sss
5 WqU
up
zZA M
U
6 LlQxsTl x
mQi, MxUaQ,
MUs

aUo M sL
lCO zsOU M
lqh
5 au M
LMMi uMx

30.00

30.00

4 Ramakrishna
Mission, New
Delhi

Construction of
Night shelters
for poor

30.00

30.00

100.00

100.00

5 Various
branches of
Canara Bank

100.00

100.00

LlQxsTl x
mQi M sL
UWi

33.00

33.00

6 Endosulfan
victims,
Kasargod,
Kerala

Integrated
village
developments
of 5 villages
Relief to
Endosulfan
victims

33.00

33.00

7 czU Wqx,
oasU

oea M sL
osQa M lqh

15.00

15.00

15.00

15.00

8 xkr, qasU

qlxM m x
Aq M sL
Auxr usr

9.00

9.00

9 MlU oM M
zZA M
qkrq x
63 au

MlU aqSr
au aS sl M
rel

883.82

224.00

883.82

224.00

10 MlU oM M
zZA M
qkrq x

zUUM /
qlxM m x
Aq M sL
xWri |
uWl, EmMUh,
elxO,
TlcU AS
mSl MUl

368.38

173.31

7 Cheshirehomes, Construction of
Bangalore
building for old
age
8 Saanidhya,
Residential
Mangalore
school for
mentally
challenged
Canara
9 63 villages
through
Gramodaya
Canara Bank
village
branches
adoption
schemes
10 Through
Assistance to
Canara Bank
physically/
branches
mentally
challenged,
Providing
vehicles,
equipments,
Gensets,
furniture,

368.38

173.31

11 AqooD Auxr Ak ujr M


Ak usr,
sL os qzl
asoa

3.32

3.32

Braille machine
for blind
students

3.32

3.32

12 sOs xxOx
BsQ Le Wq,
oasU
13 Ak usr,
McqMQ,
iqs lQ

BsQ Le Wq
q LM M M
lqh
Ak usr M
TlcU, EmMUh,
os qzl

5.26

5.26

5.26

5.26

12.04

12.04

12 Little sisters
Construction of
Old age home, 1 room in the
Bangalore
old age home

12.04

12.04

14 AUxO
cMossmU M
mzhjr

zUUM m
x Aq
mzhjr M
sL qOU r
imWr uWl

0.52

0.52

0.52

11 Ambubai
Residential
blind school,
Gulbarga

0.52

81

13 Blind school,
Kanchikamakodi, TN

Furniture,
equipments,
Braille
machines to
blind school

14 Trainees
of RSETI
Chikballapur

Motorised
tricycle to
disabled

15 qaSz, oasU

zUUM m x
Aq qWsA
M sL Ws

3.22

3.22

16 xkrSm BsQ
Le Wq, oasU

qWsA M BsQ
Le Wq M sL
Te, aCQU

3.22

3.22

17 SWl M sL oM oCQa
Ur xb
mUrel

3.22

3.22

18 Uqh qWw

os qzl

3.22

3.22

19 ui lrx

BsQ Le xWri

3.22

3.22

18.57

18.57

Ms

15 Margadarshi,
Bangalore

Hall for
disabled
women
16 Sandhyadeepa Fridge, Grinder
Old age home, to Old age
Bangalore
home for
women
17 National Assn Book Binding
for Blind
Project
18 Sree Ramana Brailee
Maharshi
Machines
19 Vishranthi
Old Age
Trust
Assistance
Total

Q. Fe xUh / mruUh xUh


. Sl aW M lq
x.

Ezr

qeUi
Uz

ocL aL o
M sL xU es
WOU

0.63

0.63

2 zUUM m x
Aq M sL
AUqbU, WSUoS
3 xlM xMs,
MQa
4 SzmQ QxO,
Wsrs

xU es WOU
u mMz M
uruxj
xMs M sL
xU Fe msO
auus M xU
Fe ssOl M
uiUh
xxj M sL
xU Fe ssOl

7.51

7.51

40.00

40.00

1.57

1.57

2.31

2.31

6 xUMU Axmis, Axmis M sL


cMossmU
xU Fe es
es
WOU

18.59

7 euWU luSr
usr,
ciqh
isM,
cMossmU
es, MlOM

euWU luSr
usr M xU
Fe es WOU u
mMz M uruxj

24.80

8 MroU es, ul M
iqslQ M au xqui 5 au
q xU Fe sCO

1.00

1.00

5 umwM
ral, EQmm

0.25

0.25

2.00

2.00

0.97

0.97

1.00

1.00

1582.72

680.08

e. Energy Conservation/Environment protection:


(` in lakh)
Sl
Name of
Purpose
Amount Amount
No.
Donee
sancdistioned bursed
Solar water
0.63
0.63
1 BOSCO,
Bangalore
heaters for
rescued
children
2 Aramgarh
Solar water
7.51
7.51
for disabled,
heaters &
Hyderabad
lighting
3 Sainik School, Solar power
40.00
40.00
Kodagu
plant for the
school
4 Deshpande
Distribution of
1.57
1.57
RUDSETI,
solar lights to
Haliyal
villagers

(` sZ q)
xuiUi
Uz

1 oxM, oasU

9.00

5 Vidyaposhak
Yakshagana,
Udupi

82

Solar lights to
the Institute

2.31

2.31

6 Govt Hospitals, Solar water


Chikballapur heaters to
Dist
hospitals

18.59

7 Jawahar
Navodaya
Vidyalaya,
Chintamani
Taluk,
Chikballapura
District,
Karnataka
8 Villages in
Coimbatore
District,TN

Solar water
heaters &
lighting
systems to
Jawahar
Novodaya
Vidyalaya

24.80

Solar lights
in 5 villages
bordering to
forest area

1.00

1.00

9 Mmms,
MlOM M
au
10 ulqWixuMlU oM M
zZL
Ms

Mol lrOs au

15.00

5.85

LM sZ mk M
Umh / uiUh

97.00

17.00

208.41

75.87

9 Village in
Koppal,
Karnataka
10 Vana mahotsava
- Canara Bank
branches
Total
f.

c. qWs Msrh
. Sl aW M lq
x.

Ezr

Uz
(` sZ
q)

xuiUi
Uz (`
(
sZ q)

50.00

42.70

xur xWri
xqW DQm
mzh- uWl

7.79

7.79

AkUpi xUcl

3.00

3.00

60.79

53.49

1 MlU oM M
up Acs
Mrsr M
qWs Eq
uMx MlS

qWsA
M sL Eqi
uMx
Mrq M
Arel,
qWsA M
mUqz qWs
Eqr M sL
qMOa AEOsO
M Arel

2 iqs lQ
qWs DQm
3 qWs Si
xqi
Ms

15.00

5.85

Planting/
distribution of
1 lakh saplings

97.00

17.00

208.41

75.87

Women Welfare

Sl
No.

Name of
Donee

Purpose

1 Canara Banks Organising


Circle Offices- EntrepreneuCEDW Centres rship
Development
programmes
to women,
counseling
of women,
organizing
marketing
camps outlets
for women
entrepreneurs
2 Tamilnadu
SHG EDP
Mahila EDP
Training,
vehicle
3 Mahila
Dakshatha
Samiti
Total

Infrastructure

Amount Amount
(` Lakh)
disbursed
(` Lakh)
50.00
42.70

7.79

7.79

3.00

3.00

60.79

53.49

g. Skill Development

N. Mzs uMx
. Sl aW M lq
x.

Carbon neutral
village

Ezr

1 EQl Mrq,
eqq u MzqU

oUeaU 300
ruM M
mzh

2 Mml xcu,
qlu xxkl
upa

Mml xcu
M sL mzh
Mrq

3 el uusr, piM xxMi


oasU
mU Mrzs

Uz
(` sZ
q)

xuiUi
Uz (`
(
sZ q)

300.00

101.00

37.50

2.18

2.00

2.00

Sl
No.

Name of
Donee

1 UDAAN
programme,
J& K

Purpose

Amount Amount
(` Lakh)
disbursed
(` Lakh)
Training to 300
300.00 101.00
unemployed
youth

2 Company
Training
Secretaries, H R programme
wing
to Company
secretaries
3 Jain University, Workshop
Bangalore
on material
culture

83

37.50

2.18

2.00

2.00

4 qWU pau
TEQzl,
sZlF

Axukaxi
qWsA /
sQMr M
MmrOU mzh

5.05

5.05

5 MlU oM
zioS aqh
uMx lrx
(xoxAUQ),
oasU

SzpU M 27
AUxO, 3
MUaU mzh
xxjA ij 5
xoADADO
M mzh Zc
mSl MUl

890.00

890.00

6 aqh uMx
u xuUeaU
mzh xxjl
(QxO), EeU,
MlOM

xmh pUi M
27 QxOr M
mzh
Zc M
40% Emsok
MUl

271.00

271.00

7 SzmQ
aqh uMx
mzh
xxjl (Q
QxO),
Wsrs, MlOM

SzmS QxO
Wsrs M
mzh Zc
M 50% Emsok
MUl

23.75

23.75

8 Ak mSz
aqh u Eqi
uMx oMx
xxjl
(L m o A
D AU D Q),
WSUoS

LmoADAUDQ
xxjl M
mzh Zc
M 10% Emsok
MUl

9.89

9.89

9 MqcUr M
up xxjl
(AUxO,
QxO, Q
QxO)

uil / MqcU
urr (xLxAU
Quel, mkl
Mrsr q
MrUi MqcU
xWi)

Ms

4 Meher
Bhargava
Foundation,
Lucknow
5

536.75

536.75

9 Various
Institutes
staff (RSETI,
RUDSETI, D
RUDSETI)
Total

2075.94 1841.62

Salary/staff
expenses
including staff
working in CSR
Division, HO

5.05

5.05

890.00

890.00

271.00

271.00

23.75

23.75

9.89

9.89

536.75

536.75

2075.94 1841.62

Section C: Other Details


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

pa a: Alr uuUh
1.

Computer
training
to under
privileged
women/girls
Providing
Canara Bank
training cost
Centenary
Rural
of 27 RSETIs, 3
Development Artisan Training
Trust (CBCRD), Institutes and
Bangalore
5 CBIITs all over
India
Rural
40% training
Development expenditure of
and Self
all 27 RUDSETIs
Employment all over India
Training
Institute
(RUDSETI),
Ujire,
Karnataka
Deshpande
Providing 50%
Rural
of training
Development expenditure
Training
of Deshpande
Institute (D
RUDSETI,
RUDSETI),
Haliyal
Haliyal,
Karnataka
Andhra Pradesh Providing 10%
Bankers Institute of training cost
of Rural and
of the APBIRED
EntrepreneuInstitute
neurship
Development
(APBIRED)
Hyderabad

Yr Mml M M
MD Alwa Mml / Mmlr W?
W, Mml M xi bUs Alwar, LM xWra Mml AU
uSz q LM xr Eq W M) MloM ucU MmOs TQ s.

a) Canbank Venture Capital Fund Ltd.

84

Z) MloM TYOU s.

b)
c)
d)
e)

a) MlU oM xYrUUOe s.
b) MloM MmrOU xuxe s.
X) MloM TClxrs xuxe s.

f) Canara Robeco Asset Management Company Ltd.

c) MlU Uo LxO qleqO Mml s.

g) Canara HSBC OBC Life Insurance Company Ltd.

N) MlU LcLxox Aox sCT ClzrUlx Mml s.

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

e) Ml Tl Wqx s. (xWra Mml)

i)

f) LxoAD M xj qxM q Mqzs oM BT CQr


LsLsx
Yr
2. Yr

Alw
wa

Mml/Mmlr

oAU

Canbank Factors Ltd.


Canara Bank Securities Ltd.
Canbank Computer Services Ltd.
Canbank Financial Services Ltd.

mWs

Commercial Bank of India LLC, in Moscow in


association with SBI (Joint venture).

2. Do the Subsidiary Company/Companies participate


in the BR Initiatives of the parent company? If
yes, then indicate the number of such subsidiary
company(s).

miM

Mml M xj pa si W? rS W W Lx Alwa(r)
M xZr S|

Yes. One Subsidiary, viz., Canara HSBC OBC Life


Insurance Company Ltd. is involved in BR initiatives.

W, LM Alwa - MlU LcLxox Aox sCT ClzrUlx


Mml s. oAU mWs q pa si W|

3. Do any other entity / entities (e.g. suppliers,


distributors etc.) that the Company does
business with, participate in the BR initiatives of the
Company? If yes, then indicate the percentage of
such entity/entities? [Less than 30%, 30-60%, More
than 60%].

3. Yr Alr xxj/xxjL (rl AmiM, uiUM AS)


e M Mml M xj MUoU MUi W, o AU mWs q
pa si W? rS W i Lx xxj/xxjA M mizi
SzL| (30% x Mq, 30-60%, 60% x erS)
zlr

Nil

pa b: MUoU EUSriu
EUSriu xcl

Section D: BR Information

1.

1. Details of Director/Directors responsible for BR

oAU M sL E
EUSr
Sr lSzM

a) Details of the Director/Directors responsible for


implementation of the BR policy/policies

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


lSzM / lSzM M uuUh
uuUh
.
x.
1
2
3

orU
QADLl xZr
lq
mSlq

S.
No.

uuUh

1
2
3

06701854
mql xW Uui
MrmsM lSzM

DIN Number
Name
Designation

Details
06701854
Shri P S RAWAT
Executive Director

b) Details of the BR head

Z) oAU mkl M uuUh


.
orU
x.
1. QADLl xZr
(rS sa W i)
2. lq
3. mSlq
4. SUpw
5. D-qs

Particulars

S.
Particulars
No.
1. DIN Number
(if applicable)
2. Name
3. Designation
4. Telephone number
5. e-mail id

uuUh
sa lW
Lx Lx p
qW mokM
08022128840
pcfiw@canarabank.com

85

Details
Not Applicable
Shri S S Bhat
General Manager
08022128840
pcfiw@canarabank.com

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


m
m11 m
m2
2 m
m3
3 m
m4
4 m
m55 m
m6
6 m
m7
7 m
m8
8 m
m9
9

.x. mzl
1.

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

2.

Yr msx zrUkUM M mUqz M xj olr ar W?

3.

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


(Mus 50 zoS)

4.

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


oQ lSzM U WxiUi W?

5.

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


AkMU M MD uz xqi W?

6.

msx M BlsCl SZl M sL sM SzL| $

7.

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

8.

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

9.

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


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

10.

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


AQO/qsrMl MUur W?

lW lW lW lW lW lW lW lW lW

$www.canarabank.com

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


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

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

2.

Has the policy being formulated in consultation with the relevant


stakeholders?

3.

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


yes, specify? (50 words)

4.

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

5.

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


Official to oversee the implementation of the policy?

6.

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

7.

Has the policy been formally communicated to all relevant internal


and external stakeholders?

8.

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


policies.

9.

Does the Company have a grievance redressal mechanism related to


the policy/policies to address stakeholders grievances related to the
policy/policies?

10.

Has the company carried out independent audit/evaluation of the


working of this policy by an internal or external agency?

$www.canarabank.com

86

2M)
M)

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


m
m11

.x. mzl
1

Mml xi M lW xqf mD

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


oll u Ex sa MU mL|

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

Aas 6 qWl q Cx MUl M rel W

5
6

Aas 1 xs q Cx MUl M rel W


Alr MD MUh ( Mmr oiL)

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

oM l Aml xii uMx ij MmUO xqeM


EUSriu li M mri M W AU ClM
Mrlurl M laUl xii uMx xqi
ij MmUO xqeM EUSriu xqi U Mr
eLa |

2a. If answer to S.No.1 against any principle, is No, please explain why: (Tick up to 2 options)
S.No. Questions
1
The Company has not understood the Principles
2

P1

P3

P4

P5

P6

P7

P8

P9

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


position to formulate and implement the policies on specified
principles
The company does not have financial or manpower resources
available for the task

It is planned to be done within next 6 months

5
6

It is planned to be done within the next 1 year


Any other reason (please specify)

Bank has formulated its Sustainable


Development and Corporate Social
Responsibility Policy and the implementation
of the same would be monitored by the
Sustainable Development and Corporate
Social Responsibility Committee.

3. oAU x xoki Apzxl

P2

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

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


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

3-6 qWl
Yr Mml LM oAU r xjUi UmO mMzi MUi W? Cx
UmO M SZl M sL Yr WDmUsM W? Mil AiUs mU
Cx mMzi Mr ei W?

3-6 months
Does the Company publish a BR or a Sustainability
Report? What is the hyperlink for viewing this report?
How frequently it is published?
The Report published annually and made available
under the hyperlink www.canarabank.com/english/
scripts/Annualreport.aspx

UmO uwM m x mMzi Mr e UW W AU


www.canarabank.com/english/scripts/Annual
report.aspx WCmU sM mU Emsok MUr ar W |

87

pa Q.: xi uU lwmSl

Section E: Principle-wise Performance

xi 1: MUoU liMi, mUSzi AU euoSW M xj


Mr eL ij lri W|

Principle 1: Businesses should conduct and govern


themselves with Ethics, Transparency and Accountability

1.

1. Does the policy relating to ethics, bribery and


corruption cover only the company? Yes/ No. Does
it extend to the Group/Joint Ventures / Suppliers/
Contractors/NGOs /Others?

Yr liMi, UiZU AU pcU x xoki li Mus


Mml mU W muUi W? W / lW | Yr rW xqW / xr
Eq / AmiMi / PMSU / aU xUMU xaPl / Alr mU
p sa W?

Yes. The Bank is having a Board approved Corporate


Governance Policy, which is drawn with an overall
objective to optimize sustainable value to all stake
holders viz., depositors, shareholders, customers,
borrowers, employees and society through
adherence to corporate values, Codes of Conduct
and other standards of appropriate behavior. The
Corporate Governance Policy of the Bank extends to
its subsidiaries also.

W | oM M oQ U AlqSi MmUO mzxl li W e


M xp zrUkUM rl eqMA, zrUkUM, aWM,
EkUMA, MqcUr AU xqe M MmUO qsr, AcU
xWiA ij Alr Eci uruWU M qlM M AlxUh
MUi WL xii qsr M AlMsl MUl M xqa Ezr M
xj irU M ar W| MmUO aulx msx Alwar mU
p sa W|
oQ M Alqi x oM l xqW eZq mokl msx
olD W| Cx msx M Aiai Alwar/xr Eq / AU
oM U mrei r aqh oM p Ai W|

The Bank has put in place a Group Risk Management


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

eZq AkUi AiUM sZmU M xqr MNM xOT


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

Scrutiny of staff accounts at random is undertaken


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

oM q lrqi lUh (AUoADL) M mhs W| CxM

The Bank has a system of conducting regular


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

AiU lS AukMi mU zZA/rlO/Mrsr M


xcl mhs AQO Wi W| qxM AkU mU crli
zZA/Mrsr M xqui sZmU Wi W|
2. uai ur uw q Mil zrUkUM zMri mmi WD
W AU El q x Mil mizi M ximuM mokl
U xsfr ar W? rS W i sapa 50 zoS q
uuUh S|

2. How many stakeholder complaints have been


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

zrUkUM zMri: uw 2013-14 q oM l zrUkUM


x 2211 ApruSl / zMri mmi M ij xp zMri
M luUh ximuM Mr ar |

Shareholders Complaints: The Bank received 2211


representations/ grievances from Shareholders
during 2013-14 and all the grievances have been
resolved satisfactorily.

AkMz zMri spz mmi lW Wl x xoki W| CxM


MUh xoki zrUkUM U Aml mi M Ail lW MUl
W| zMri SU MUi xqr oM l ElM mi Ail MUl,
oM uuUh mmi MUl, DxLx AkMU-m (AuzrM Tq
Emsok MUMU) sl ex MSq EPL W iM SoU Lx
bOlA x oc e xM|

Majority of the representations is on account of


non-receipt of Dividend Warrants. This is due to
non-updation of the addresses by the concerned
shareholders. While resolving the grievances,
the Bank has been taking steps to update their
addresses, bank details, ECS Mandate (by providing
the necessary forms) so as to avoid recurrence of
such instances.

88

aWM x mmi 90286 zMri q x (L O Lq x xoki


78755 zMri xWi) 90729 zMri M (L O Lq x
xoki 79109 zMri xWi) xqkl Mr ar | xsfL
aL zMri q x AkM zMri mNs uw M soi
zMri W |

90286 (including 78766 complaints related to ATMs)


complaints were received from customers of which
90729 (including 79109 complaints related to ATMs)
were resolved. The resolved complains are more
owing to previous years few pending complaints.

aWM zMri: uw 2013-14 M SUl oM l 90286


zMri mmi M ij 99% M ximuM lmOr ar| oM
l Aml aWM xu M oWiU oll M sL up EimS
/ xuL, Ei iMlM, MqcU mzh ij aWM M
mNiN M euo u aWM zMri M SU MUl ex AlM
MSq EPL W|

Customer Complaints: During 2013-14, the


Bank received 90286 complaints and 99% of the
complaints were satisfactorily redressed. The Bank
is taking several measures to improve customer
service by bringing in diversified products/services,
updated technology, staff training and responding
to customers queries and redressal of customer
complaints.

xi 2: MUoU Lx EimS u xuL


uL Emsok MUL e xUi
W ij Aml eul c q xjUi olL UZ |

Principle 2: Businesses should provide goods and services


that are safe and contribute to sustainability throughout
their life cycle

1.

Aml 3 EimS r xuA M xc S elM QeCl q


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

i.

ur xquzl Aprl: up aqh rMsm ex


zZL Zs MU oMa xuA M mWc oRl, MUoU

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


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

xmMr M qkrq x erS iM Tsu, xS Zi


Zsl, Mxx u exx M U Gh Emsok MUl, NO
oq Emsok MUl, AkU M meMUh, Mxl Yso M
xjml, ur xUi M sL aqh uMx uWl csl
AU aqh eli M sL Gh mUqz Sl|
ii. aqh uMx - oM l up q MrUi 64 xu

Financial Inclusion Campaign - covering varied rural


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

ii. Rural Development - The Bank has sponsored/


co-sponsored/ supported 64 self employment
training institutes in varied fields which promote
entrepreneurship development among rural youth
and encourage them to take up self-employment
activities. These Institutes have trained more than
5.50 lakh unemployed youth so far, with a settlement
rate of 73%.

UeaU mzh xxjl M mrei/xW-mrei/xWri


mSl M W e M aqh ruM q Eqi uMx ij ElW
xu-UeaU rMsm MUl M sL mixWi MUi W| Cl
xxjl l Ao iM 5.50 sZ oUeaU M mzh Sr W
elM uruxr mmi SU 73% W|

iii. Green Banking - The Bank has introduced several


environment friendly measures, viz., core banking
solution, internet banking, telebanking, mobile
banking, ATMs, solar powered biometric ATMs for the
use of rural folk and certain back office operations.
Further, the Bank has set up E-lounges with hi-tech
banking facilities like ATM, cash/ cheque acceptor,
passbook printing kiosk, internet banking, online
trading and telebanking at two places and more such
e-lounges are planned during the year. Internally,
the Bank has implemented e-governance for its

iii. WUi oMa - oM l up mruUh AlMs Mr ML W


ex xoLx, COUlO oMa, OsoMa, qoCs oMa,
LOLq, aqh eli M sL xU Fe r or-qOM
LOLq AU MN AiUM MrMsm| CxM Asu, S xjl
mU LOLq, lMS / cM xuMi, mxoM mOa MrxM,
COUlO oMa, BlsCl OQa AU OsoMa ex E
iMlM oMa xukA M xj D- sEe oM xjmi ML
W ij uw M SUl Lx W AU D-sEe M xjml MUl

89

M rel W| AiUM m x, oM l qlu xxkl mokl

human resources management and certain other


administrative areas.

u Alr mzxlM M sL D-aulx M zAi M W|

Bank is encouraging green energy by financing solar,


biogas and wind mill projects.

xU Fe, orax ij mul c mUrelA M url M


U oM WUi Fe M mxWl S UW W |

2. For each such product, provide the following details


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

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


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

ii

i.

EimSl/uiUh M xqr AD Mq?

Reduction during sourcing/production/distribution


achieved since the previous year throughout the
value chain?

sa lW

Not Applicable

qsr Zs M SUl mNs uw x sMU AoiM xxa/

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

ii. Reduction during usage by consumers (energy,


water) has been achieved since the previous year?

Mq?

Setting up of water purification plants and using the


waste water for gardening for improving the green
cover.

es zkl msO M xjml ij WUi q xkU Wi


oaul M sL Amz ml M Emra |

3. Does the Company have procedures in place for


sustainable sourcing (including transportation)? If
yes, what percentage of your inputs was sourced
sustainably? Also, provide details thereof, in about
50 words or so.

3. Yr Mml q xjr xxa M sL


sL MD mi W (mUuWl
xWi) rS W i luzi M Mil mizi xjr m x
xx Mr ar W? 50 zoS q uuUh
uuUh S |
xxa M sL oM q lkUi li W exM AlxU

For sourcing, Bank has a set policy as per which


the suppliers should meet the standards of
energy generation, pollution free climate friendly
technologies.

AmiMiA M Fe EimSl, mSwh q uiuUh M sL


Eci iMlM M mi MUl M AuzrMi W |
4. Yr Mml xjlr u NO Eim
EimSM
SM exq Axmx M

4. Has the Company taken any steps to procure goods


and services from local & small producers, including
communities surrounding their place of work? If yes,
what steps have been taken to improve their capacity
and capability of local and small vendors?

q MrUi xqSr zqs W, x qs u xuL ZUSl


M MSq EPL W? rS W i xjlr u NO uQU M qi
u rari oRl M sL Yr MSq EPL W?
xjlr ij NO uiA M kUi ij qi M xkUl

To improve the capacity and capability of local and


small vendors, Bank is regularly organizing Canara
Bazaars for display cum sale of products made by
them. Bank is running Nammura Santhe - - A mobile
sales van which is solar powered custom made for
display cum sale of the products made by Self Help
Groups, women entrepreneurs. Both the services are
offered free of cost by the Bank. Out of total advances
of Bank, Small & Medium Enterprises constitute 30%.

M sL oM ElM U olL aL EimS M mSzl xW o


M sL lrqi m x MlU oeU M Arel MUi W |
oM lqqU xj csi W, LM qoCs o ul e xU
Fe r MxOq osO W exq xur xWri xqW ij
qWs Eqr U lqi EimS M mSzl xW o Wi
W | Sl xuL oM U lzsM Sr ei W | oM M Ms
Aaq x sb u qkrq Eq M Wxx 30% W |

90

5. Yr Mml M EimS AU Am
Amz
M mllulMi MUl
M MD i W? rS W i EimS ij Amz M Mil
mizi mllulMUh Mr e UW W ((5%
5% x Mq, 5-10%
5-10%,, 10
10%

5. Does the Company have a mechanism to recycle


products and waste? If yes, what is the percentage of
recycling of products and waste (separately as <5%,
5-10%, >10%). Also, provide details thereof, in about
50 words or so.
Not Applicable

x AkM, Asa - Asa oiL) | 50 zoS q uuUh S|


sa lW

Principle 3: Businesses should promote the wellbeing of


all employees
1. Please indicate the total number of employees.
Total number of employees is 48794
2. Please indicate the total number of employees hired
on temporary/contractual/casual basis.
Total number of employees hired on temporary/
contractual/casual basis is NIL
3. Please indicate the number of permanent women
employees.
The number of permanent women employees is
13385.
4. Please indicate the number of permanent employees
with disabilities.
The number of permanent employees with
disabilities is 1034
5. Do you have an employee association that is
recognized by management.
Yes. 2 Associations. 1. Officer Employees 2. Workmen
Employees.
6. What percentage of your permanent employees
is members of this recognized employee association?

xi 3: MUoU xp MqcUr M psD M oRu S


1.

Mmr Ms MqcUr M xZr oiL|


Ms MqcUr M xZr 48794 W|

2. Mmr AxjD/xuS/AMxqM AkU mU sL aL MqcUr


M xZr Cai MU|
AxjD/xuS/AMxqM AkU mU sL aL MqcUr M
Ms xZr zlr W |
3. Mmr xjr qWs MqcUr M xZr Cai MU|
xjr qWs MqcUr M xZr 13385 W|
4. Mmr xjr uMsa MqcUr M xZr Cai MU|
xjr uMsa MqcUr M Ms xZr 1034 W|
5. Yr AmM rW MqcU xaPl W e M mokl U qlri
mmi W|
W | 2 xaPl W | 1) AkMU MqcU, 2) MqaU MqcU
6. AmM Mil mizi lrqi MqcU Cx qlrimmi MqcU
xaPl M xSxr W?
AkMU xb

83.12%

Officers Association

83.12%

MqcU rlrl

74.03%

Workmen Union

74.03%

7. Please indicate the Number of complaints relating to


child labour, forced labour, involuntary labour, sexual
harassment in the last financial year and pending, as
on the end of the financial year.

7. Mmr mNs ur uw q os
os q, oaU, AxucNM q,
rl EimQl x xoki zMri M xZr ij ur uw
M xqmi mU soi Mil W|
.
x.

ur uw M
SUl zMri
M xZr

ur uw M
xqmi mU soi
zMri M
xZr

os q,
oaU,
AxucNM q

zlr

zlr

rl EimQl

zlr

zlr

pSpumh
UeaU

zlr

zlr

S. Category
No.

2
3

91

Child labour/
forced labour/
involuntary
labour
Sexual
harassment
Discriminatory
employment

No. of
complaints
filed during
the financial
year

No. of
complaints
pending as on
end of financial
year

NIL

NIL

NIL

NIL

NIL

NIL

8. lqlMi MqcUr q x Mil mizi M xU u


Mzs Erl mzh mNs ur uw M SUl
Sr ar?

8. What percentage of your under mentioned


employees were given safety & skill up-gradation
training in the last year?

lrqi MqcU
lrqi qWs
MqcU
AMxqM / Axjr / xuS
MqcU

112%

Permanent Employees

112%

117%

Permanent Women
Employees

117%

zlr

NIL

uMsa MqcU

Casual/Temporary/
Contractual Employees

78%

Employees with Disabilities

78%

Principle 4: Businesses should respect the interests of, and


be responsive towards all stakeholders, especially those
who are disadvantaged, vulnerable and marginalized

xi 4: MUoU xp
xp WikUM M Wi M xqql MU ij
ElM mi xuSlzs W uzwm x uci, MqeU AU Emi
M mi|
1.

1. Has the company mapped its internal and external


stakeholders? Yes/No

Yr Mml l Aml AiUM AU oWU WikUM M mici


Mr W? W / lW

Yes. The stake holders of the Bank include Government,


Investors, Employees and the Customers of the Bank.

W, oM M zrUkUM q xUMU, luzM, MqcU ij oM


M aWM W|

2. Out of the above, has the company identified


the disadvantaged, vulnerable & marginalized
stakeholders.

2. E q x, Yr Mml l MqeU, uci u Emi M mWcl


M W?

Yes.

W.

3. Are there any special initiatives taken by the company


to engage with the disadvantaged, vulnerable and
marginalized stakeholders. If so, provide details
thereof, in about 50 words or so.

3. Yr Mml uci, M
Mqe
qeU u Emi zrUkUM x eQl
M sL MD uzw mWs M W? rS W i 50 zoS q
uuUh S|
MqcU: oM ei, lxs AU kq M AkU mU MD pSpu
AU muaW M ol xp MqcUr M xj xql uruWU
M li Amli W| oM xUMU M Sz lSz M AlxU
Alxci ei / Alxci elei ua x xoki MqcUr
M sL MN uzw sp/xukA xWri mSl MUi W|
CxM Asu, uMsa MqcUr M Alr MqcUr M
xqisr mUqM/uil Sr ei W| oM, MmUO xqeM
EUSriu M iWi EQl mUrel M Aiai eqq u MzqU
M oUeaU xliM M mzi u pi MU UW W|

Employees: The Bank practices the policy of equal


treatment of all employees without any discrimination
and bias on the basis of caste, creed and religion.
The Bank extends certain special benefits/ facilities/
assistance to employees belonging to SC/ST category
as per Government guidelines. Further, the wages/
salaries, promotions and other benefits extended
to employees with disabilities are at par with other
employees. The Bank, as part of Corporate Social
Responsibility, is training and recruiting unemployed
graduates from the State of Jammu and Kashmir
under the project Udaan.

aWM: xqe M Emi ua M eUi M mU MUl M


sL, oM l, Alr relA M xj, xS oci Zi rel,
MlU lr Sz rel M Aiai xq oq AU xq mzl
rel , zWU aUo M sL xq u zZL, Mxl
M sL Mxl QO, xqlr QO MQ, xur xWri
xqW M Gh, qlUa qeSU AU xqeM xU mzl
M pail M sL CsYOlM sp WxiiUh, orqOM

Customers: In order to cater to the needs of


marginalized segments of the society, the Bank has
introduced, among others, No-frill Savings Accounts
Scheme, Micro Insurance and Micro Pension under
Canara Nayee Disha Scheme, micro-finance branches
for urban poor, kisan credit cards for farmers, general
credit cards, loans to self help groups, electronic
benefit transfer for payment of MGNREGA Wages

92

LOLq, upSM ore SU rel M iWi Gh, qWs Eqr

and social security pension, biometric ATMs, loans


under Differential Interest Rate Scheme, loans to
women entrepreneurs and support to micro & small
enterprises.

AU. xq Lu sb Eq M xWri M sL Gh relL


z M W|
xi 5: MUoU qlukMU M xqql u mixWl MU|
1.

Principle 5: Businesses should respect and promote


human rights

qlukMU mU Mml M li W Yr Mml mU W sa


Wi W r rW xqW / xr Eq / AmiMi / PMSU /
aU xUMU xaPl / Alr mU p sa W?

1. Does the policy of the company on human rights


cover only the company or extend to the Group/Joint
Ventures/Suppliers/Contractors/NGOs/Others?

oM pUi M xukl q lWi qlu AkMU M uwruxi


x mUci W ij xb M xuii AU xqWM xSoe
MUl M AkMU M xqql MUi W|

The Bank is aware of the human rights content of


the Constitution of India and respects the freedom
of associations and the right to collective bargaining.

qlu xxkl x xoki lir Mus oM M mUcsl mU


W sa W| CxM Asu, oM M qlu xxkl lir xp
MqcUr M xqli AU Eci uruWU mSl MUi W ij
MD pSpu Uri, kq, sa, Eq, uMsai, MqcUr
M xqeM AU AjM xji r Mll U lw Mx
Alr AkU mU lW Mr ei W|

The HR related policies cover the operations of the


Bank only. Further, the HR policies of the Bank are
well laid out with equal and fair treatment of all the
employees and no discrimination is made based on
nationality, religion, gender, age, disabilities, social
and economic status of the employees or any other
basis prohibited by the law.

rl EimQl M UMjq

Prevention of Sexual Harassment

oM Mrxjs mU rl EimQl M lwk MUi W| xu zi


q, rl EimQl M UMl M sL mukl W| uzZ u Alr
olq Uexjl xUMU u Alr M qqs q Eiq lrrsr M
LiWxM Txs U eU SzlSz M AlxU rl EimQl

The Bank prohibits sexual harassment at work places. In


the Service Conditions, there are clauses exclusively for
prevention of sexual harassment at work places. The
policy on sexual harassment has been implemented in
terms of guidelines issued by Supreme Court of India
in its landmark judgment in Visakha & Ors. Vs. State
of Rajasthan & Ors. As per the policy, a Complaints
Committee has been constituted headed by a lady
Executive of the rank of General Manager with majority
of lady members and an outside member from a reputed
NGO. The action is taken based on the reports of the
Committee. The Bank issues Circulars from time to time
reinforcing service conditions, rules, benefits to women
employees, right of women employees, prevention of
sexual harassment.

M li sa M ar W| msx M AlxU, qW mokM M


UM us qWs MrmsM M Akri q LM zMri
xqi M aPl Mr ar W exq AkMz xSxr qWsL
W W AU LM xSxr aU xUMU xaPl x W| xqi M UmO
M AkU mU W oM MUuD MUi W| oM xqr xqr mU xu
zi, lrq, qWs MqcUr M sp, qWs MqcUr M
AkMU ij rl EimQl M UMjq M mpu oll M
sL mUm eU MUi W|
MqcU zMri luUh li

Employees Grievances Redressal Policy

oM l xu zi x xoki uxiuM urai zMri M

The Bank has framed Employees Grievance (s) Redressal


Policy with a view to lend to the genuine individual
grievances relating to service condition of the employees
and for speedy resolution of the same. The complaints
under this policy are redressed within the stipulated time.
There is also an appeal provision against the decision of
the Circle Level Redressal Committee.

SU MUl M Ezr AU ExM iuUi xqkl M sL


MqcU zMri luUh li olD W|

Cx li M iWi

zMri M lkUi xqr M piU lUMUh MU UW W|


Acs xiU luUh xqi M lhr M ZsT Ams M
p mukl W|

93

xcl M AkMU Aklrq

Right to Information Act

xcl M AkMU Aklrq, 2005, M mUpw M AlxU MlU


oM LM sM mkMUh W, CxsL uW eli M xcl mSl
MUl M Sriu M Akl W|

Canara Bank is a Public Authority, as per definition of


Public Authority in the Right to Information Act, 2005,
and thus, is under obligation to provide the information
to members of public.

upll Mr M sL PMSU M xu sl

Engaging Contractors for various works

oM Aml mUxU q xus lqh / ui / UZ-UZu Mr

While engaging the services of Contractors for the


civil construction/ electrical/maintenance works at its
premises, the Bank follows the labor laws especially
payment of minimum wages and other related human
rights.

M sL PMSU M xu si xqr q Mll uzwiU mU


lrliq qeSU M pail ij Alr xoki qlukMU
M msl MUi W|
2) mNs ur uw q Mil WikUM M zMri AD AU
Mil mizi zMri M lmOl mokl M U xiwelM
m x Mr ar?

2. How many stakeholder complaints have been


received in the past financial year and what percent
was satisfactorily resolved by the management?

uw M SUl MD zMri mmi lW WD |

No complaints have been received during the year

xi 6: MUoU mr
mruUh M xqql, xU AU Ex mlxjmi
MUl M mrx MU|

Principle 6: Business should respect, protect, and make


efforts to restore the environment

1.

1. Does the policy related to Principle 6 cover only the


company or extends to the Group/Joint Ventures/
Suppliers/Contractors/NGOs/others.

xi 6 x xoki Mml M li Yr Mml iM xqi W


r xqW / xrr Eq / AmiMi / PMSU / aU-xUMU
xxj l / AlrM mU p sa W?

The Policy covers only the Bank.

li Mus oM iM W xqi W|

2. Does the company have strategies/ initiatives to


address global environmental issues such as climate
change, global warming, etc? Y/N. If yes, please give
hyperlink for webpage etc.

2. Yr Mml M mx uM mruUh M q ex mruUh


q oSsu, asWos uqa AS M sL MD rel/
mWs W ? W /lW , rS W i, Mmr uome M
WCmUsM S|

Yes.

W
Gh eZq mokl li M xSp q, oM Lx lr DMCr
M xjml M sL Gh mSl lW MUi elM U Ael
ucNSl mSj ex YsUnsU Mol - 11 (xLTx-11),
x.LT.x.-12 AU x.LT.x. 11 AU x.LT.x. 12 M
qh, x.LT.x. - 113, Mol OOYslUCQ, qjCs
YsUTq, Tq EimSl, UTeUOU AU LrUMQzlU, LUxs
EimS, xTD M EimS q mr xsuO, Aalzql q mr
Wsl - 1211, 1301, 2402, AS M mra Mr ei W|

In terms of Credit Risk Management Policy, the Bank


is not extending finance for setting up of new units
consuming/ producing Ozone Depleting Substances
(ODS) such as Chlorofluoro carbon 11 (CFC 11),
CFC 12, Mixtures of CFC 11 and CFC 12, CFC
113 Carbon Tetrachloride, Methyl Chloroform,
Halons 1211, 1301, 2402 used in Foam products,
Refrigerators & Air conditioners, Aerosol products,
Solvents in cleaning applications, Fire extinguishers.

oM U El NO / qkrq xiU M CMCr M ur xWri


lW S ei W e x.LT.x. M mra MU LUxs CMD M
EimSl q sa WL W|

No financial assistance is extended by Bank to small/


medium scale units engaged in the manufacture of
the Aerosol Units using CFC.

OYxM mSj
Gh mxiu M
M uiuUh q
zkl CMD M

While appraising the credit proposal, of


manufacturing units, emitting toxic pollutants, the
Bank insists upon installation of water treatment
projects for processing of such pollutants before

M Eixel MUl us EimSl DMCr M


qsrMl MUi xqr oM Lx mSwi mSj
NQl x mu mxxMi MUl M sL es
xjml M sL Suo Qsi W ij xli

94

Mr ei W M EkUM MlS / Uer mSwh lrh oQ


x Alm mqh m mmi Mr W|

release into the environment and ensures that the


borrower client also obtains NOC from Central/State
Pollution Control Board.

3. Yr Mml xpui mruUhr eZq M mWcl AU


AMsl MUi W? W/lW

3. Does the company identify and assess potential


environmental risks? Y/N

Yes.

4. Yr Mml xucN uMx i x xoki MD mUrel W?


rS Lx W i 50 zoS q uuUh S| AU , rS W i Yr
MD mruUh Almsl UmO SrU M ar W?

4. Does the company have any project related to Clean


Development Mechanism? If so, provide details
thereof, in about 50 words or so. Also, if Yes, whether
any environmental compliance report is filed?
Yes.

W
oM U up WUi oMa mWs exq MU oMa xqkl,
COUlO oMa, OsoMa, qoCs oMa, LOLq, aqh
eli M Emra M sL xU Fe xcsi orqOM LOLq,
zZA q D- sEe AU Aml xOT ij mzxlM
M sL D aulx AU Mae UWi oMa zqs M oRu
Sl zqs W|

Various green banking initiatives undertaken by the


Bank include core banking solution, internet banking,
telebanking, mobile banking, ATMs, solar powered
biometric ATMs for the use of rural folk, E-lounges
in branches and e-governance for its staff and
administrative areas to promote paperless banking.

5. Yr Mml l xucN maM, Fe Si, luMUhr Fe

5. Has the company undertaken any other initiatives


on clean technology, energy efficiency, renewable
energy, etc. Y/N. If yes, please give hyperlink for web
page etc.

AS mU MD Alr mW
mWs z M W? W / lW, rS W i
uome M WCmUsM S|
oM l xucN maM ij Fe Si M MD mWs z

Bank has undertaken a no. of initiatives to promote


clean technology and energy efficiency. Bank gives
due weightage and preference to environment
friendly green projects which earn the carbon credits,
such as, Wind Mills/Solar Power projects. Bank has
schemes of extending preferential credits to the
Green and clean technology projects.

M W | oM mruUh M AlMs Lx WUi mUrelA M


mjqMi u qWiu Si W e Mol Mq MUi W ex mul
qsx / xU Fe mUrelL AS | oM M WUi u xucN
iMlM mUrelA M Akql Gh Sl M relL W |
CxM Asu, oM E Fe Si xli MUl M sL

Further, the Bank is changing over to CFLs (Compact


Flourescent Lightings) in all its premises ensuring
higher energy efficiency. The Bank is also following
a policy of using Rated Energy Efficient Appliances,
viz., Air Conditioners towards ensuring higher energy
efficiency.

xLTLs (MqmYO nsUxO sCOa ) Aml xp mUxU


sal M sL AaxU W| oM p E Fe Si xli
MUl M Sz.q UOQ Fe Mzs EmMUh M Emra MUl
M li M AlxUh MU UW W Aji LrU MQzlU|
oM xucN maM Amli WL elUOU M Emra q

The Bank is complying with the CPCB rules (Central


Pollution Control Board) in usage of generators
adopting clean technology. The Bank is also in the
process of deploying solar powered UPS for its various
locations and adopting renewable energy usage.

xmxo lrq (MSr mSwh lrh oQ) M msl MUi


W| oM Aml up xjl mU xU Fe xcsi rmLx
sal AU Ar Fe M Emra M p Amll M mr
q W|

6. Are the Emissions/Waste generated by the company


within the permissible limits given by CPCB/SPCB for
the financial year being reported?

6. Yr Mml U Eim Eixel/Amz xci ur


uw M sL xmxo / Lxmxo U lkUi xq M
piU W?

The Bank is engaged in providing financial services


and hence not applicable.

oM ur xuL Emsok MUi W Ai: rW sa lW W|

95

7. ur uw M xqmi iM
iM xmxo / Lxmxo x mmi
Mll lOx/ MUh oiA lOx M xZr e M soi
W? (rl xi M xiU iM lW lmOr ar W)

7. Number of show cause/ legal notices received from


CPCB/SPCB which are pending (i.e. not resolved to
satisfaction) as on end of Financial Year.
Nil

zlr

Principle 7: Businesses, when engaged in influencing


public and regulatory policy, should do so in a responsible
manner

xi 7:: MUoU, eo Aqeli AU ulrqM lir M


mpui MUi W i Lx eqqSUmuM Mr eL|
1.

1. Is your company a member of any trade and chamber


or association? If Yes, Name only those major ones
that your business deals with:

Yr AmM Mml Mx urmU AU coU r xb M xSxr


W? rS W i El oQ xxjA M lq oiL elM xj
AmM MUoU Wi W?

Yes.
a) Indian Banks Association (IBA)

W |

b) Indian Institute of Banking and Finance (IIBF)

M) pUir oM xb ( ADoL)

c) Institute of Banking Personnel Selection (IBPS)

Z) pUir oMa u u xxjl (ADADoLT)


a)

d) National Institute of Bank Management (NIBM)

oMa MqM crl xxjl (ADomLx)

e) National Payments Corporation of India (NPCI)

b) Ur oM mokl xxjl (LlADoLq)

f) The Clearing Corporation of India (CCI)

Q.) pUir Ur pail laq(LlmxAD)

g) Association of Investment Bankers of India,


Mumbai

c) pUir xqzkl laq(xxAD)


N) pUir luz oMU xb, qoD

2. Have you advocated/lobbied through above


associations for the advancement or improvement
of public good? Yes/No; if yes specify the broad
areas (drop box: Governance and Administration,
Economic Reforms, Inclusive Development Policies,
Energy, security, Water, Food Security, Sustainable
Business Principles, Others)

2. Yr Aml elWi M Ei r xkU M sL FmU xb


M qkrq x uMsi / mUu M W? W/lW, rS W i
qOiU mU El M oU q oiL (aulx AU mzxl,
AjM xkU, xquz uMx lir, Fe, xU, es,
Z xU, xii uruxrM xi, Alr)

The Bank, being one of the public sector banks of


India, is driven by the social objective of extending
the benefits of the banking services to all regions
of the country and to all classes of people. Further,
the Bank is adhering to all the policy directions/
regulatory guidelines issued by Government of India
and the Reserve Bank of India from time to time
broadly covering the areas of economic and financial
sector reforms, inclusive growth and equitable
development, national priorities and food security
contributing to sustainable development of the
country.

xuelM M oM Wl M MUh oM mU Sz M xp
u xp ua M M oMa xuA M mSl MUl M
xqeM EUSriu W| CxM Asu, oM qO iU mU Sz
M xjr uMx q raSl M sL AjM AU ur
q xkU, xquz uMx AU xql uMx, Ur
mjqMiA AU Z xU M M zqs MUi WL
xqr - xqr mU pUi xUMU AU pUir Ueu oM U
eU ML aL xp liai lSz / lrqM Sz lSz M
msl MU UW W|

Principle 8: Businesses should support inclusive growth


and equitable development

xi 8:: MUoU xqa uMx AU xql uMx M xos S|


1.

Yr Mml q xi 8 x xoki li M AlxUh M sL


uz Mrq / mWs / mUrelL W? W i iixok orU
Yr W|

1. Does the company have specified programmes/


initiatives/projects in pursuit of the policy related to
Principle 8? If yes details thereof.

96

oM l xquzi u u xql uMx M sL AlM


Mrq/mWs/mUrelA M csr W|

The Bank has undertaken various initiatives/


programmes/ projects in pursuit of inclusive growth
and equitable development of the society.

uuUh lqlui W-

The details are as under:

oMa xu UWi M Emi ua M oMa xu Emsok


MUl M sL oM l 24 Uer M 2000 elxZr x AkM
us 5528 au q ur xquzl rel M Mrlurl
Mr | eul xiU M Ei MUl M sL uWlr Zc mU
oMa xu Emsok MUl W CxM Ezr W | CxM
Mrurl S qQs M iWi Mr ar rl oM u qOU
qQs AU MUoU xmM qQs |

The Bank has implemented financial inclusion plan


in 5528 villages with more than 2000 population
across 24 States, to provide banking services to the
excluded category of people in unbanked areas. The
objectives are to provide them the banking services
at affordable cost in order to improve their standard
of living. The implementation was done under two
models, viz., Brick and Mortar model and Business
Correspondent model.

536 au M oM AU qOU qQs AU oc WL 4992 au


M MUoU xmM M qSS x oMa xu Emsok MUr
ar | Cl 4992 au q x, 516 au q MUoU xmM Ai
sb zZA U LM li xjl mU oMa xu Emsok
MULa |

536 unbanked villages are covered through brick


and mortar model and the remaining 4992 villages
are provided banking services through engaging
business correspondents. Out of 4992 villages, the
business correspondent agents are providing the
banking services in a fixed place through Ultra Small
Branches in 516 villages.

2014-15 M sL rel: uw 2014-15 M SUl oM 4212


au ij uw 2015-16 q 419 au M 421 oM u qOU
zZL AU 2489 MUoU xmM LeO M lr MUi WL
MuU MUl M rel W|

Plan for 2014-15: The Bank has plans to cover 4212


villages during 2014-15 and 419 villages during
2015-16 by opening 421 brick and mortar branches
and engaging 2489 business correspondent agents.

46 xUMU usr M 30000 N M sL ur xUi


Mrq Arei M ar W| ai uw xurxu xxjA /
aU xUMU xxjA (957) M liA sL mzh Mrq
xTs UW | Cx uw p WU mMU M Mrq M 4 Uer q
Arei MUl M mxiu W| exx 1000 xSxr mzi
Wa e 20000 xurxu xxjA M xSxr M mzi
MUa |

The financial literacy programme for the school


students was held at 46 Govt. schools for 30000
students on pilot basis. The training programme for
the SHG/NGO (957)leaders was successful in the last
year. This year also, it is proposed to conduct such
programmes in four States covering 1000 members
who in turn train 20000 members of SHGs.
The Bank has introduced the Village Adoption
Scheme Canara Gramodaya in 63 Villages have been
implemented for overall development. A grant of 10
lakh is earmarked per village for the development
activities. The scheme is for a period of 2 years and
can be extended for 1 more year depending upon the
merits of the case.

oM l aq AaMUh rel - MlU aqSr 63 au q


ElM xuah uMx M sL z M W| mirM au M
uMx M sL miuw `10 sZ M AlSl UZ ar W | rW
rel S uw M sL W ij rel M krl q UZi WL Cx
LM xs M sL AU oRr e xMi W|
2. Yr Mrq / mUrel AiUM Oq / xu xxjl / o /
aU xUMU xxj / xUMU xxj / r MD Alr xxj M
qkrq x ML ei W?

2. Are the programmes/projects undertaken through


in-house team/own foundation/external NGO/
government structures/any other organization?
The financial inclusion projects have been undertaken
with the help of an in-house team. The Bank has a
separate Financial Inclusion Division under Priority
Credit and Financial Inclusion Wing, headed by a

ur xquzl mUrel AiUM Oq M xWri x sa


M ar | oM q mjqMi xZ AU ur xquzl upa
M Aiai LM Asa ur xquzl mpa W exM mqZ

97

LM qWmokM W | oM ur xUi lrx M qkrq x


ur xUi M mcU MU UW W |

General Manager. Bank is propagating financial


literacy through Financial Literacy Trust.

Alr lrx / xxCOr M lq lqlai W eW oM


mUrelL sa MUl M sL xqqsi W, e eli ij
xqe M xu q mpu Eim Mr W :-

Following are the other Trusts/Societies wherein


Bank is involved for taking up of the projects which
have created an impact in serving the people and the
society.

1.
2.
3.
4.

1. Canara Centenary Rural Development Trust

MlU
MlU
MlU
MlU

zioS aqh uMx lrx


ur xsWMU lrx
xuh eri z lk
UWi u Msrl xxCO

2. Canara Financial Advisory Trust


3. Canara Golden Jubilee Education Fund
4. Canara Relief & Welfare Society

oM Aml MmUO xqeM EUSriu mWs M iWi ClW


lrx M rMsm q xr m x pa si W ij
lkrl p MUi W |

Bank continues to actively fund and also involve in


the activities of these Trusts under its CSR.
3. Have you done any impact assessment of your
initiative?

3. Yr Aml mrx M Aml mpu qsrMl Mr W ?


W | oM mWs M qZr mpu Aml aWM M EimS M
uiUh q W | qZr QsuUosx W:-

Yes. Major impact of the Bank initiatives is the


delivery of the products to its customers. The major
deliverables are:

oM l uw 2013-14 M SUl 85.46 sZ oMa xuUWi


sa ij rel M zAi x sMU AoiM 85.46 sZ
oMa xuUWi sa M qspi oci eq Zi Emsok
MUr W|

The Bank has provided Basic Savings Deposit


accounts to 25.85 lakh unbanked people during the
year 2013-14 and 85.46 lakh unbanked persons since
inception of the Scheme.
During 2013-14, 261 FI Branches have been opened
garnering a business of Rs.538 crores in 3.36 lakh
accounts and provided a credit of Rs.256 crores
benefitting 0.41 lakh beneficiaries.

uw 2013-14 M SUl WqU 261 ur xquzl zZL


Zs W AU 3.36 sZ Zi x `538 MUQ M MUoU
Mr ij `256 MUQ M Gh Emsok MUr exx 0.41
sZ WikMU splui WL |

The unbanked rural people are provided with Basic


Savings Deposit Accounts, Inbuilt Overdraft Facilities,
credit facilities under products like General Credit
Card Schemes, Differential Rate of Interest Scheme,
Kisan Credit Card Scheme, Debt Swapping Scheme
and various other credit products.

oMa xu UWi aqh M qspi oci eq Zi,


AilWi AuUQTO xukL, Gh xuk ex xqlr QO
MQ rel, up ore mU rel, Mxl QO MQ
rel, Gh ASs-oSs (xuma) rel AU MD xZ
EimS Emsok MUL aL |

The Bank has also covered the lives of the members of


credit linked SHGs under Group Insurance Scheme by
M/s Canara HSBC OBC Insurance Company, covering
the lives of the individual members to the extent of
25000 for a nominal premium of 100. About 61247
persons have been benefitted out of the Scheme.

oM l WqU q. MlU LcLxox Aox CzrUx Mml M


xqW oq rel M iWi Gh mSi xur xWri xqW M
xSxr M eul M MuU Mr ar W exq mirM xSxr
M eul M `25,000 iM `100 M qqs mqrq M xj
MuU Mr ar W | sapa 61247 ur Cx rel M iWi
splui WL W|

The Bank has participated in implementation of


Electronic Benefit Transfer of Govt. benefits like
Social Security Pension in four districts of Karnataka
and all districts of Tamil Nadu under One District
Many Bank Model. The enrollment is in progress
for opening of accounts for disbursement of wages
under MGNREGA in four districts of Karnataka. This

oM l MlOM M cU es AU iqslQ M xp es
q LM es MD oM qQs M iWi xUMU sp ex
xqeM xU mzl M CsYOlM sp WxiliUh M
Mrlurl q pa sr W| MlOM M cU es q qlUa
M iWi qeSU M pail M sL Zi M Zsl M Mr

98

mai mU W| Cx rel x spjr M ElM SUue / au

has helped the beneficiaries under the Scheme in


getting the timely payment at their doorsteps/
villages.

q xqr mU pail mmi MUl q qSS qs W|


oM l mWs cUh q 48 crli es q AU ir cUh q

The Bank has also participated in implementation


of Direct Benefit Transfer of Govt. Benefits in 48
identified districts in Phase I and 78 identified
districts in Phase II. So far, benefits transferred under
the Scheme reached 250 Crore.

78 crli es q xUMU sp M xk xjliUi MUl


q pa sr W| Ao iM Cx rel M iWi WxiiUi sp
`250 MUQ mWc ar W|
oM l 35 xz es q MlU aqh uMx uWl uWl

The Bank has provided inclusive growth vehicles


called Canara Gramin Vikas Vahini Vehicles in 35
potential districts. These vehicles accompanied by
an Agriculture Extension Officer or general officer
who are well aware of the Banks various rural
development schemes visit the villages regularly
for creating awareness among the rural mass about
banking. The vehicles are also provided with the
account opening forms and pamphlets of various
schemes.

lqM xquz uMx uWl mSl ML W| Cl uWl q Mw


uxiUh AkMU r xqlr AkMU xj ei W elW
WqU up aqh uMx relA M elMU Wi W
AU r lrqi iU mU aqh q eaMi mS MUl ei
W| Cl uWl q Zi Zsl M Tq ij Alr relA M
mqTsOx Wi W|
4. xqSrM uMx mUrelA M sL AmM Mml M
mir raSl Yr W? Uz mr q ij mUrelA M

4. What is your companys direct contribution to


community development projects - Amount in INR
and the details of the projects undertaken.

uuUh |
oM l up xqSrM uMx AU xqeM - AjM
Msrh aiukr q sa 953 xaPl M `7695.53

The Bank has sanctioned a sum of `7695.53 lakh


(953 sponsorships) engaged in various community
development and socio-economic welfare activities
(Pl. refer to Section B Point No.5).

sZ M Uz qeUi M | (Mmr oS 5 M pa o M
xSp s)
5. Yr Cx xqSr uMx M mWs M xTsimuM xqSr

5. Have you taken steps to ensure that this community


development initiative is successfully adopted by the
community? Please explain in 50 words, or so.

U Amlr el M xli MUl M sL Aml MSq EPL


W? Mmr 50 zoS q oiL|
oM SlaW xaPl / xxjl x xlS sZMU U eU

The Bank is obtaining a Certificate issued by a


Chartered Accountant of the donee organization/
Institute confirming the end use of the donation for
the purpose for which the donation was sanctioned
by the Bank.

mqh m mmi MUi W e m MUi W ex Ezr M sL


oM U Sl qeU Mr ar j ExM Aiq Emra Mr
ar W|
mUrelA M sL EmSl up cUh mU uMx Mr

uiUi Mr ei W |

The grants for the projects are disbursed in stages


depending upon the progress of the developmental
work and after conducting pre-developmental and
post-developmental site visits. The assistance are
handed over by organizing public function involving
the community members ensuring their participation
in the projects.

oM LM mr M qkrq x xlzci MUi W M xqSr


uMxiqM uk M Aml UW W |

The Bank has a mechanism to ensure that the


community adopts to the developmental process.

M mai M AkU mU ij xCO mU mu-uMxiqM u


uMxmUi SU M mi xuiUi Mr ei W | xuelM
Mrq Arei MUM xqSr M sa M p zqs
MUM mUrelA q ElM xWpai xli MUM xWri

99

xi 9:: MUoU eqqSU x Aml aWM AU EmpA x

Principle 9: Businesses should engage with and provide


value to their customers and consumers in a responsible
manner

eQ AU ElW xqql mSl MU|


1.

ur uw M xqmi mU Mil mizi aWM zMri/

1. What percentage of customer complaints/consumer


cases are pending as on the end of financial year.

Emp mMUh so
oi
i W?

1.40% (1265) of the 90286 customer complaints


received were pending as at the end of the financial
year. However, all the pending customer complaints
of 2012-13 have since been redressed.

ur uw M xqmi mU 90286 aWM zMri M 1.40%


(1265) soi j | ijm, uw 2012-13 M xp soi
zMri M AoiM lmOr e cM W |
2. Yr Mml, xjlr lrq M Aluri M Asu, EimS

2. Does the company display product information on


the product label, over and above what is mandated
as per local laws? Yes/No/N.A. /Remarks(additional
information)

sos mU EimS M xcl mSzi MUi W? W / lW / sa


lW / Ommhr ( AiU xclL)
oM M EimS AU xuA M oU q elMU mqTsOx AU
ozU M qkrq x zZA q Emsok MUr ei W AU
Cx oM M uoxCO q p Emsok MUr ar W|

The information about the products and services


offered by the Bank are made available in the
branches through pamphlets and brochures and is
also made available in the Banks website.

3. Yr mNs mc uw M SUl Alci MUoU uruWU, aU

3. Is there any case filed by any stakeholder against


the company regarding unfair trade practices,
irresponsible advertising and/or anti-competitive
behavior during the last five years and pending as on
end of financial year. If so, provide details thereof, in
about 50 words or so.

eqqSUl uml AU / r mixmk uUk uruWU M Mx


p qqs M oU q Mml M ZsT Mx p zrUkUM U
qqs SrU Mr ar W AU e ur uw M xqmi iM
soi W? rS Lx W i 50 zoS q uuUh S|
zlr

Nil.

4. Yr AmM Mml l Mx p Emp xuh / Emp

4. Did your company carry out any consumer survey/


consumer satisfaction trends?

xi fl M mi sar W?

To assess the quality of customer service rendered by


the Banks branches and to get the feedback directly
from the customers, a self contained, prestamped
questionnaire was made available to all branches
for distributing the same to customers for providing
their feedback. The finding of the Survey is as under:

oM zZA U mSl M el us aWM xu M ahu


M AMsl MUl M sL AU Aml aWM x xk mir
mmi MUl M sL, LM xu- lWi, xOmr mzlus ElM
mir sl M sL aWM M uiUi MUl sL oM M
zZA M Emsok MUr ar j| xuh M lwMw Cx
mMU W:
1.

91% aWM LOLq xoki xuA x xi W|

2.

80% aWM COUlO xuA x xi W|

3.

xqa m x 90% aWM oM M xuA x xi j |

1. 91% of the customers were satisfied with ATM


related services.
2. 80% of the customers were satisfied with
internet services.
3. Overall 90% of the customers were satisfied with
the Banks services.

100

MmUO aullx mU lSzM


qQs M UmO
2013-2014

101

REPORT OF THE BOARD OF DIRECTORS ON


CORPORATE GOVERNANCE
2013-2014

102

MmUO aullx mU lSzM


qQs M UmO

Report of the Board of Directors on


Corporate Governance

1)) MmUO aullx mU oM M Szl:

1) Banks philosophy on Corporate Governance


Corporate Governance is the application of best
management practices, compliance of law in true
letter and spirit and adherence to ethical standards
for effective management and distribution of wealth
and discharge of social responsibility for sustainable
development of all stakeholders.

"MmUO aullx xU zrUkUM M xxjU uMx M sL


xmS M mpu mokl AU uiUh ij xqeM Sriu
lpl M sL xuq mokl AcUh M Almra, xW
qrl q Mll M Almsl Lu liM qlM M AlxUh
Wi W|"
MlU oM M xMsml Axi xupa, aWMlqZi,

The vision of Canara Bank is to emerge as a World


Class Bank with best practices in the realms of Asset
Portfolio, Customer Orientation, Product Innovation,
Profitability and enhanced value for stakeholders. In
its endeavour to attain the goal visualized, the bank
is laying maximum emphasis on the effective system
of Corporate Governance. The interaction between
the Board, Senior Management and the Executives is
so configured as to have a distinctly demarcated role
so as to derive enhanced value to its stakeholders in
particular and society in general.

EimS lulqwh, spmSi M q xuq AcUh ij


zrUkUM M xuki qsr M xj u xiUr oM M m
q EpU Al W| Cx xMsmi sr M mmi MUl M Sz
q Aml mrx q oM MmUO aullx M mpu mhs
mU xo x erS eU S UW W| lSzM qQs, uU mokl
i AU MrmsM M oc q Aiuism Lx Wi W M
ExM LM oeQ AU Asa pqM W iM Zx iU mU
Aml zrUkUM M AU AqiU mU eli M xuki qsr
mmi W xM|

The overall objective is to optimize sustainable


value to all stakeholders-depositors, Shareholders,
customers, borrowers, employees and society through
adherence to Corporate values, Codes of conduct and
other standards of appropriate behaviour.

xqa Ezr Mml qsr, AcU xWiA ij xqci


uruWU M Alr qlM M msl M eUL xqxi WikUMeqMiA, zrUkUM, aWM, EkUMiA, MqcUr AU
xqe M Ciq xxjU qsr Emsok MUl W|

2) Board of Directors:
The Board of the Bank has been constituted under
Section 9(3) of the Banking Companies {Acquisition &
Transfer of undertaking} Act 1970 (as amended) and
Nationalized Bank (Management & Miscellaneous
Provision) Scheme 1970 (as amended).

2) lSzM qQs:
oM M lSzM qQs M aPl, oMa Mml (Emq M
AkaWh ij AiUh) Aklrq 1970(rj xzki) M
kU 9(3) Lu UrMi oM (mokl Lu uuk mukl)
rel 1970 (rj xzki) M AlxU Mr ar W|

The Board of the Bank consists of eminent


personalities, who through their rich and varied
experiences in Banking and other related fields have
made significant contribution towards the progress
of the bank.

oM M oQ q ahqlr ur W, elWl oMa AU iixok


Alr q Aml oWuk Lu SbMsM Alpu x oM
M mai q EssZlr xWra mSl Mr W|
oQ M xSxr M xqqh Lu oPM q El M

The composition of members of the Board and the


details of attendance at the meetings are given in
appendix A & B.

Emxji xok uuUh mUz "M" u "Z" q Sr


ar W|

103

3)) sZmU xqi:

3) Audit Committee:

oQ M sZmU xqi (L x o) M aPl Lu Mrxcsl,


pUir Ueu oM M lSz ij xOM LYxce M xj
xcrl MUU M U mzxi W|
i)

rW xqi oM M xqa sZmU Mr M mruh M


xj-xj lSz p mSl MUi W |

ii)

oQ M sZmU xqi M ucUj uwr q lql


Mr zqs W:

The Audit Committee of the Board (ACB) has been


constituted by the bank as per guidelines of Reserve
Bank of India and Listing Agreement with Stock
Exchanges.
i)

ACB provides directions and also oversees the


operation of the total Audit function of the Bank.

ii)

The main functions of the committee are as


under:

M. oM M ur UmOa mr M mruh MUl Lu


xW, mrmi Lu uxlr mMOl xli MUl |

a. To oversee the banks financial reporting


process and ensuring correct, adequate and
credible disclosure of financial information.

Z. sZMl lir AU uruWU mU uzw os Si


WL ur uuUh x xoki sZMl qlSQ
AU Mll AmA M Almsl xli
MUi WL mokl i M xj ur uuUh M
xq MUl, ij

b. Reviewing with the management, the


financial statements with special emphasis
on accounting policies and practices,
compliance with accounting standards
and other legal requirements, concerning
financial statements and

a. o Lu AiUM sZmU, AiUM lrh M


mrmii, ahu Lu mpuzsi M xq MUl,
uwM sZ AU UmO M Aiq m Sl M mWs
o sZmUM M xj cc MUl ij oM M
u Lu eZq mokl lir M xq MUl |

c. Review the adequacy, quality and


effectiveness of external and internal audit,
internal control system, interaction with
external auditors before finalization of
Annual accounts and reports, review Banks
finance and risk management policies.

iii) rW xqi oQ M sZmU xqi U sa Tq


sZ mU UmO q EPr ar qqs M oU q xji
M xq MUi W |

iii) ACB reviews the position with regard to issues


raised in the Long Form Audit Report (LFAR).

iv) rW xqi pUir Ueu oM M lUh UmO q EPr


ar xp qqs / Ommhr M Aluil p MUi W |
v)

iv) It follows up on all the issues / concerns raised in


the Inspection Report of RBI.

oQ M sZmU xqi Almsl M, AiU-zZ


sZ xqkl Alpa AS x mmi UmO M xq
p MUi W |

v)

ACB also makes a review of reports received


from Compliance Cell, Inter-Branch
Account
Reconciliation (IBAR) section, etc.

The Reserve Bank of India, vide their letter RBI/201011/269-DBS.ARS.BC.NO. 4/08.91.20/2010-11, dated
10.11.2010, conveyed the Calendar of Reviews to
be followed by the Audit Committee of the Board.
These items have been incorporated in the Corporate
Governance Policy of the Bank for periodical review
and are duly placed before the Audit Committee as per
Calendar of Reviews.

pUir Ueu oM l Aml m AUoAD/2010-11/269-QoLx.


LAULx.ox xZr: 4/08.91.20/2010-11, SlM 10.11.2010
U xq MshQU xci Mr W ex oQ M sZ mU
xqi M Aqs MUl W | Cl qS M AukM xq M sL
oM M MmUO Apzxl li q zqs Mr ar W AU ClW
xq MshQU M qioM sZ mU xqi M xql ukui
UZ ei W|

The composition of members of Audit Committee and


the details of attendance at the meetings are given in
Appendix A &B.

sZ mU xqi M xSxr M xqqh Lu oPM q ElM


Emxji xok uuUh mUz M Lu Z q Sr ar W|

104

4) mUqM
mUqM xqi:

4) Remuneration Committee:
In terms of GOI
Letter F.No 20/1/2005-BO.I
Dt. 09.03.2007 Board of Directors of the Bank had
constituted a Remuneration Committee to evaluate
the performance of whole time directors as per
GOI guidelines. However during the year there is
no performance linked incentives paid to any of the
whole time director. The composition of members
of Remuneration Committee and the details of
attendance at the meetings are given in Appendix
A & B.

pUi xUMU M m LT x. 20/1/2005-oA.AD, SlM


09.03.2007 M xSp q pUi xUMU M SzlSz M
AlxU mhMsM lSzM M MrlwmSl M qsrMl
MUl M mrelj oM M lSzM qQs l mUqM xqi
aPi M W | ijm, uw M SUl Mx p mhMsM
lSzM M MrlwmSl xo mixWl mSl lW Mr ar
W | mUqM xqi M xSxr M xqqh AU oPM q
Emxji M uuUh Alok "M" ij "Z" q Sr ar W |
5) lSzM M mUqM Uz M pail:

5) Remuneration to Directors.

5.1 lSzM M mUqM, pUi xUMU M SzlSz M


AlxU AS Mr ar W| uw 2013-14 M SUl oM M
mhMsM lSzM M mS uil uuUh lqlui W:

5.1 Remuneration to Directors is paid as per Government


of India guidelines. The details of salary paid to the
whole-time Directors of the Bank, during the year
2013-14 are as under:

lq u mSlq

Uz ((`)

Name & Designation

Amount (`)

Ueu MzU So
Akr u mok lSzM

20,05,292.41

Shri R K Dubey
Chairman & Managing Director

20,05,292.41

AzM MqU ami


MrmsM lSzM

20,58,689.90

Shri Ashok Kumar Gupta


Executive Director

20,58,689.90

u Lx MwhMqU
MrmsM lSzM

15,47,606.90

Shri V S Krishnakumar
Executive Director

15,47,606.90

mql xW Uui
MrmsM lSzM

10,42,993.80

Shri Pradyman Singh Rawat


Executive Director

10,42,993.80

qi Acl Lx pau
MrmsM lSzM
(SlM 22.04.2013 iM)

5,10,966.91

Lx Uql
Akr u mok lSzM
(SlM 30.09.2012 iM)

3,00,822.00
(uw 2012-13 M
sL mixWl )

Ms

Smt Archana S Bhargava


Executive Director
(up to 22.04.2013)
Shri S Raman
Chairman & Managing Director
(up to 30.09.2012)
TOTAL

74,66,371.92

5,10,966.91
3,00,822.00
(incentive for the
year 2012-13)
74,66,371.92

5.2 aU MrmsM lSzM M pUi xUMU U lkUi


oPM zsM M Asu Mx p mMU M mUqM
Uz lW S e UW W | xui lSzM M mS oPM
zsM mUz a q S aD W |

5.2 Non- Executive Directors are not being paid any


other remuneration except Sitting Fees as fixed by
Government of India. The sitting fees paid to the
Independent Directors is given in the Appendix C.

6) (1) zrU kUM / luzM zMri luUh xqi

6) (1) Shareholders/ Investors Grievances Committee:


The Shareholders/Investors Grievances Committee
has been constituted in terms of Clause 49 of the
Listing Agreement. The Committee monitors the
redressal of the Shareholders/Investors grievances
like transfer of shares, non- receipt of shares
certificate/refund order/dividend warrants, etc.

xcMUh MUU M ZQ 49 M AlxU zrUkUM /


luzM zMri xqi M aPl Mr ar W| Cx
xqi U zrU M AiUh, zrU mqh m / kl umx
ASz / spz uUO mmi l Wl AS M xok q
zrUkUM / luzM M zMri M luUh M
Almuil Mr ei W |
105

zrUkUM zMri xZrM


mmi zMri M xZr

Shareholders Grievances Statistics:


2211

Complaints Received

2211

Lx zMri elM xqkl x zrUkUM


xi lW WL

zlr

Complaints not solved to the satisfaction


of shareholders

Nil

soi zMri

zlr

Pending complaints

Nil

zrUkUM / luzM M zMri xqi M xSxr M xqqh


Lu oPM q ElM Emxji xok uuUh mUz M ij Z
q Sr ar W |

None of the above complaints were pending for more


than a month.
In terms of Clause 47(a) of the Listing Agreement, Shri
B Nagesh Babu, Company Secretary is the Compliance
Officer of the Bank.
The Composition of members of Shareholders/Investors
Grievances Committee and details of attendance at the
meeting are given in appendix A & B.

(2) Alr xqir:

(2) Other Committees:

Emr zMri q x LM p zMri LM qWl x AkM soi


lW j |
xcMUh MUU M ZQ 47(L) M AlxU o laz oo, Mml
xcu oM M Almsl AkMU W |

(a) Management Committee:

(M) mokl xqi:

The Management Committee of the Board is


constituted as per the clause 13 of the Nationalised
Banks
(Management
and
Miscellaneous
Provisions) Scheme, 1970 (as amended). The
Management Committee exercises all the
powers vested with the Committee in respect
of sanctioning of credit proposals, compromise/
settlement of loans, write-off proposals, approval
of capital and revenue expenditure, acquisition
and hiring of premises, filing of suits/ appeals,
investment, donations and any other matter
referred to or delegated to the Committee by
the Board.

oQ M mokl xqi UrMi oM (mokl u uuk


mukl) rel 1970 (rj xzki) M mukl
M AlxU aPi M aD W| mokl xqi U xZ
mxiu M qeU, Gh, o Zi sZl M mxiu M
xqfi / lmOl, me AU Uexu urr M AlqSl,
mUxU M AkaWh AU MUr mU sl, uS / Ams
M SrU MUl, luz, Sl AU oQ M xqi M
xSpi r mirrei Alr qqs M xok q oQ U
mS xp AkMU M mra Mr ei W |
mokl xqi M xSxr M xqqh Lu oPM

The composition of members of Management


Committee and the details of attendance at the
meetings are given in Appendix A&B.

q ElM Emxji uuUh mUz M ij Z q Sr


ar W |
(Z) eZq mokl xqi:

(b) Risk Management Committee:


The Bank has evolved suitable Risk Management
Policies consistent with the size of the Bank, level
of complexity, risk profile and scope of operations
of the Bank.

oM M AMU, eOsi M xiU, eZq mTCs AU


oM M mUcsl M urmi M Alm oM l Eci
eZq mokl lir mri M W |

A Board Level Risk Management Committee


has been formed, with the responsibility of
devising policy and strategy for integrated Risk
Management System for the Bank.

oM M sL LMMi eZq mokl mi Wi li Lu


Uhli mri MUl M sL oQ xiUr eZq mokl
xqi M aPl Mr ar W |

106

cM eZq mokl mi M xqi SMh M qkrq


x Mrlui MUl W, il E xiUr xqir Aji
xZ eZq mokl xqi, oeU eZq mokl xqi
Lu mUcsliqM eZq mokl xqi xjmi W e
eZq mokl x xoki xp xqlr eZq x muUi
qxs M xpsi W | Cl il xqir M Akr oM
M Akr u mok lSzM r MrmsM lSzM W ij
uU MrmsM U Cx qqs q ElM xWri M
ei W |

As the Risk Management system is required


to be implemented through a Committee
approach, four high level committees viz.
Credit Risk Management Committee, Market
Risk Management Committee, Operational
Risk Management Committee and Group Risk
Management Committee are in place to deal with
the issues relating to Risk Management covering
all generic risks. The C&MD or ED of the Bank is
the Chairman for all the four Committees, assisted
by the Senior Level Executives of the Bank.

oQ M eZq mokl xqi M xSxr M xqqh


AU oPM q ElM Emxji M uuUh Alok M ij
Z q Sr ar W |

The composition of members of Risk Management


Committee of the Board and the details of
attendance at the meetings are given in appendix
A & B.

(a) Axi Sri mokl xqi:


pUir Ueu oM M lSz M AkU mU oM l AiUM
Axi Sri mokl xqi M aPl Mr W, exM
Akri oM M Akr u mok lSzM r MrmsM
lSzM U M ei W | xqi M Alr xSxr q oM
M uU MrmsM zqs Wi W|

(c) Asset Liability Management Committee:


Based on RBI directives, the Bank has set up an
internal Asset Liability Management Committee
(ALCO) headed by C&MD or ED of the Bank. The
other members of the Committee include the
Senior Executives of the Bank.

Axi Sri mokl xqi M Mr M urmi


lqlMi W :

The scope of ALCO functions is as follows:


A) Liquidity risk management

M) iUsi eZq mokl

B) Management of market risk

Z) oeU eZq mokl

C) Trading risk management

a) urmUM eZq mokl

D) Funding and capital Planning

b) lkrl Lu me Arel

E) Profit Planning & Growth Planning

X) sp Arel Lu uMx Arel


Axi Sri mokl xqi lus ore Ar mU Axi u Sri Sl
M ore SU q mUuil x Wlus mpu Lu iUsi xji M oU
q uxii m x ucU uqz MUi W|

The ALCO deliberates in detail over the liquidity position


and the impact of changes in the interest rates of both
assets and liabilities on the Net- Interest Income.

7)) xqlr oPM:


mNs il uwM
mxii W:
SlM
xqr

7) General Body meetings:


xqlr

oPM

uuUh

The details of last three Annual General Meetings


held are furnished here below:

lc

xjl

Date

Time

Venue

18.07.2011

04
AmU

cQrr qqUrs Ws, e Q


mM LYxOzl, ursMus,
oasU - 560 003

28.06.2012

04
AmU

leri BQOUrq,
xOs Mse, msx UQ,
oasU - 560 001

28.06.2012

4 pm

Jnanajyothi Auditorium,
Central College, Palace Road,
Bangalore 560 001

22.07.2013

10
mu

leri BQOUrq,
xOs Mse,
msx UQ, oasU - 560 001

22.07.2013

10 am

Jnanajyothi Auditorium,
Central College, Palace Road,
Bangalore 560 001

107

18.07.2011

4 pm

Chowdaiah Memorial Hall,


G.D. Park Extension Vyalikaval, Bangalore 560 003

mNs xqlr uwM oPM (Aji SlM 22.07.2013 M


Arei oM M arU xqlr oPM) q MD uzw xMsm lW
UZ ar j ij QM qiSl p lW Mr ar |

No special resolution was put through in last Annual


General Meeting (ie., 11th AGM of the Bank held on
22.07.2013) and there were no postal ballot exercise.

arU xqlr oPM q Emxji lSzM M uuUh mUz Z


q Sr ar W |

Details of attendance of Directors at the 11th Annual


General Meeting are given in Appendix B.

oM l SlM 30.12.2013 M `10/- AMi qsr M 1,82,58,837


DYuO zrU `263.84 M mqrq xWi `273.84/- M laq
qsr mU laqi / AoOi MUl M sL zrUkUM M xWqi
mmi MUl M Ezr x LM uzw xMsm M qkrq x LM
AxkUh xqlr oPM Arei Mr |

The Bank has conducted an Extraordinary General


Meeting on 30.12.2013 for the purpose of obtaining
consent of the shareholders by way of a Special Resolution
to issue / allot 1,82,58,837 equity shares of face value of
`10/- each for cash at an Issue Price of `273.84 including
premium of ` 263.84.

8) mMOl:

8) Disclosures:

oM M xoki UmO x slSl rj 31.03.2014 M islm


M sZ xok Ommh, Alxc 18 q mMO Mr ar W |

The related party transactions of the Bank are


disclosed in the notes on accounts schedule 18 of the
Balance Sheet as on 31.03.2014.

oM l Aml zrU M xcMUh MUl M oS me oeU

The Bank has complied with all matters related to


capital market since its listing of shares. There are
no penalties or strictures imposed on the Bank by
the stock exchanges or SEBI or any other statutory
authorities on any matter related to capital Markets,
during the last three years.

x xoki xp qqs M Almsl Mr W | ai il uw


M SUl me oeU x xoki Mx p qqs q xOM
LYxce r xo Aju Mx p Alr xukM mkMUr
U oM mU l MD SQ sar ar W AU l W MD miMs
Ommh M aD W |

The Bank has complied with all the mandatory


requirements prescribed by Regulatory Authorities.

oM l Aml ulrqM mkMUr U lkUi xU


AkSziqM AmA M Almsl Mr W |

The extent of implementation of non-mandatory


requirements of clause 49 of the Listing Agreement
are as under:

xcMUh MUU M ZQ 49 M aU-AkSziqM AmA


M Mrlurl lql WS iM Mr ar W:
qM

aU-AkSziqM
Am

Mrlurl M xji

1.

oQ
aU MrmsM
Akr, Akr M
Mrsr M xpsl
Wi AW Wa |

oQ M aPl oMa Mml


(Emq M AkaWh ij
AiUh) Aklrq 1970 M
kU 9(3) M AlxU Mr
ar W | Ai: rW ZQ oM
M sL sa lW W|

2.

mUqM xqi

pUi xUMU M SzlSz


M AlxU mUqM xqi
aPi M aD W, exM
orU uwM UmO q Alr
Sr ar W |

108

Sl.
No.

Non Mandatory
Requirement

Status of Implementation

1.

The Board
A non-executive
Chairman may
be entitled
to maintain
a Chairmans
office.

Board is Constituted
as per Section (9)(3) of
Banking Companies
(Acquisition and Transfer
of Undertaking) Act, 1970.
Hence this clause is not
applicable for the Bank.

2.

Remuneration
Committee

Remuneration committee
has been constituted as
per the guidelines of GOI,
as detailed elsewhere in
the Annual Report.

3.

zrU kUM M
AkMU

oM l uw M SUl
ML aL EssZlr
uMx x xoki
xU xm xWi
uwM ur mUhq
xU zrUkUM M
pe W |

3.

Shareholder
Rights

The Bank has sent Annual


financial results along
with the summary of
significant developments
during the year, to all the
shareholders.

4.

sZmU rarir

xukM sZmUM U
SlM 31.03.2013 M
xqmi uw M sL ElM
sZmU UmO q MD
rariL eU lW M W |

4.

Audit
qualifications

Statutory Auditors
have not issued any
qualifications in their audit
report for the year ended
31.03.2013

5.

oQ M xSxr M
mzh

mii Lexr U
xcsi mzh Mrq
q milr MUl M eUL
oQ M xSxr M mzh
Ssr ei W | mirM
xSxr M ElM eqqSUr
AU AcU xWi xok
xUMU SzlSz M xjxj MUoU xok lql M
xqmh xWusMl p mSl
M ei W |

5.

Training of Board The Board Members are


Members
imparted training, by
deputing them for training
programmes conducted by
Reputed Agencies.
A complete overview of
Business Model along
with the Government
Guidelines regarding their
responsibilities and code
of conduct is given to each
Member.

6.

oQ M aUMrmsM xSxr
M qsrMl mi

lSzM qQs M

6.

Mechanism for
evaluating
non-executive
Board Members

Composition of Board of
Directors is regulated by
the Banking Companies
(Acquisition and Transfer
of Undertaking) Act, 1970
and the Nationalised
Banks (Management and
Miscellaneous Provisions)
Scheme, 1970. Hence this
clause is not applicable
for us.

7.

Whistle Blower
Policy

Bank has implemented


the GOI Guidelines on
Whistle Blower policy and
the protection has been
extended to the Whistle
Blower.

xqqh oMa Mml


(Emq M AkaWh ij
AiUh) Aklrq 1970
AU UrMi oM (mokl
Lu uuk mukl) rel
1970 M AlxU lrei
W, Ai: rW ZQ WqU sL
sa lW W |

7.

uWxs osAU
li

uWxs osAU li M
Mrlurl oM q pUi
xUMU M SzlSz M
AlxU Mr ar W AU
xcl Sl us M Eci
xU mSl M ei W|

109

9) xmwh M qkrq.:
MlU
oM

oM,
M

9) Means of communication:

oM

uwM

x
UmO

xoki
M

elMU

eUL

Si

qZrir
W,

Canara Bank provides information relating to Bank


through its Annual Report which contains Report
of the Board of Directors on Corporate Governance,
the Directors report, audited accounts, cash flow
statements, etc. The shareholders are also intimated
of its performances, through publication in news
papers, intimation to stock exchanges, press releases
and through website at www.canarabank.com.
The Bank also displays official News releases,
presentations in its website.

exq

MmUO aullx mU lSzM qQs M UmO, lSzM


M

UmO,

sZmUi

sZ,

lMS

muW

uuUh

AS zqs W | zrUkUM M AZoU q mMzl,


xOM

LYxce

xcl,

mx

umir

Lu

www.canarabank.com. lqM uoxCO AS M eUL p


elMU S ei W | oM, Mrsrl xqcU umir /
mxiiMUh p uoxCO q mSzi MUi W |
xcMUh MUU M ZQ 41 M AlxU ur mUhq AU

In terms of Clause 41 of the Listing Agreement,


Financial Results and other price sensitive
informations are furnished to Stock Exchanges.

qsr q xuSlzsi xok Alr xclL xOM LYxce


M S ei W |

Publication of Results:

mUhq M mMzl:
xqmi
iqW

mMzl M
iUZ

xqcU m
Sz pwL

Quarter
Ended

Ur

Date of
Publication

Newspaper
Vernacular

National

31.03.2013 03.05.2013

ESruh

oelx xOhQQ,
TClzrs
LYxmx,
S oelx sCl,
qlO,
CMhqM OCqx

31.03.2013 03.05.2013 Udayavani Business


Standard,
Financial Express,
Business Line,
Mint,
Economic Times

30.06.2013 04.08.2013

xr
MlOM

SlM
05.08.2013 M
oelx xOhQQ,
TClzrs
LYxmx,
S oelx sCl,
WlSxil OCqx,
CMhqM OCqx,
qlO, oele
xOhQQ (WlS) u
elx (WlS) q

30.06.2013 04.08.2013 Samyuktha Business


Karnataka Standard
Financial Express,
The Business Line,
Hindustan Times.
Economic Times,
Mint, Business
Standarad (Hindi)
& Janasatta
(Hindi) on
05.08.2013

30.09.2013 13.11.2013

uer uh

TClzrs
LYxmx,
CMhqM OCqx,
oelx xOhQQ
u oelx sCl

30.09.2013 13.11.2013 Vijaya


Vaani

Financial Express,
Economic Times,
Business
Standard &
Business Line

31.12.2013 01.02.2014

MQ mp

oelx xOhQQ,
oelx sCl
u TClzrs
LYxmx

31.12.2013 01.02.2014 Kannada


Prabha

Business
Standard,
Business Line &
Financial Express

110

10) zrUkUM M xqlr xcl:

10) General Shareholders Information:

ur MshQU
ur uw

Financial Calendar
2013-2014

Financial year

2013-2014

oW oS Wl M iUZ

05.07.2014

Book closure Date

05.07.2014

(Sl Sl xWi)

- 21.07.2014

(Both days inclusive)

- 21.07.2014

mYx Tq mmi MUl M Aiq iUZ

16.07.2014

Last Date for receipt of proxy forms

16.07.2014

uwM xqlr oPM M iUZ

21.07.2014

Date of Annual General Meeting

21.07.2014

spz pail M iUZ

21.07.2014

Dividend Payment Date

21.07.2014

spz uUO M mwh M


xpui iUZ

Probable date of dispatch of

28.07.2014

dividend warrants

28.07.2014

Listing on Stock Exchanges :

xOM LYxce q xcMUh :

Canara Bank shares are listed at the following


Stock Exchanges. Stock Codes of respective stock

lqlMi xOM LYxce q MlU oM M zrU M xcMUh


Mr ar W | xoki xOM LYxce M xOM MO ElM
lq M Aa Sr ar W |

exchanges are furnished against their names.

1 oqo xOM LYxce sqOQ

532483

1 Bombay Stock Exchange Ltd.

532483

2 lzls xOM LYxce BT CQr


sqOQ

CANBK

2 National Stock Exchange of India


Limited

CANBK

uw 2013-14 M sL xOM LYxce M uwM xcMUh zsM


M pail lkUi Sr ij M ASU Mr ar W |

Annual Listing fee to stock exchanges for the year


2013-14 have been paid within the prescribed due date.

111

oeU qsr AMQ


qW

uw

oqo xOM LYxce sqOQ

lzls xOM LYxce BT CQr s.

AkMiq
(`)

lrliq
(`)

zrU M
q

AkMiq
(`)

lrliq
(`)

zrU M q

Ams

2013

449

369

17,19,382

450

368

2,10,59,632

qD

2013

457

384

27,02,374

457

383

2,64,06,452

el

2013

417

335

17,28,479

417

335

1,81,73,855

esD

2013

389

245

33,15,352

387

246

2,68,53,373

Aaxi

2013

279

190

45,21,734

280

189

3,80,78,538

xioU

2013

254

190

61,46,208

254

191

5,88,89,153

AoU

2013

262

219

35,61,194

262

219

3,28,57,906

luoU

2013

293

230

72,73,825

294

230

6,87,13,304

SxoU

2013

295

240

61,13,088

295

239

5,51,87,197

eluU

2014

292

214

64,15,464

292

215

5,90,67,434

TUuU

2014

226

209

33,94,186

226

209

3,16,55,456

qc

2014

276

212

57,59,823

275

212

5,94,62,564

Market Price Data


Month

Year

Bombay Stock Exchange Ltd.

National Stock Exchange of India Ltd.

High
(`)

Low
(`)

Volume
No.

High
(`)

Low
(`)

Volume
No.

April

2013

449

369

17,19,382

450

368

2,10,59,632

May

2013

457

384

27,02,374

457

383

2,64,06,452

June

2013

417

335

17,28,479

417

335

1,81,73,855

July

2013

389

245

33,15,352

387

246

2,68,53,373

August

2013

279

190

45,21,734

280

189

3,80,78,538

September

2013

254

190

61,46,208

254

191

5,88,89,153

October

2013

262

219

35,61,194

262

219

3,28,57,906

November

2013

293

230

72,73,825

294

230

6,87,13,304

December

2013

295

240

61,13,088

295

239

5,51,87,197

January

2014

292

214

64,15,464

292

215

5,90,67,434

February

2014

226

209

33,94,186

226

209

3,16,55,456

March

2014

276

212

57,59,823

275

212

5,94,62,564

112

Alr mMOl:
l:

Other Disclosures:
The SEBI, vide its Circular CIR/CFD/DIL/10/2010, dated
16.12.2010, made amendments to Clause 5A of the
Equity Listing Agreement. As per the amendment, for
shares issued in physical form pursuant to a public issue
or any other issue, which remain unclaimed, the issuer
company has to follow the procedure prescribed therein.

ZhQ 5L:
L: oM l 2002-03 M SUl ADmA eU MUM
luzM M `10/- AMi qsr M 41 MUQ DYuO zrU piM
AU upiM Sl m q eU Mr |

Clause 5 A - The Bank had gone for IPO during 200203 and issued 41 Crore Equity Shares of face value of
` 10/- to the investors both under Physical mode and
Demat mode.
In terms of Clause 5A of the Listing Agreement, the
Unclaimed shares of the Bank in respect of Physical shares
shall be credited to a demat suspense account opened
by the issuer with one of the depository participants.
Accordingly, the Bank had opened a Demat Account with
Canara Bank, DP Cell, Bangalore. The details are as under:
Name of the Account: Canara Bank Unclaimed
Suspense Account Physical Shares DPID ID / Client ID
Number : 301356 / 20552606
As on 31.03.2013, there was only 1 share certificate of
500 shares which was unclaimed by the shareholder/
pending to be dispatched. The Bank has identified the
said shareholder and handed over the share certificate to
him in the month of August, 2013.
Particulars
No. of Share No. of
Certificates Shares
As on 01.04.2012
4 (Unclaimed) 2200
Transferred to Unclaimed
2
1200
Suspense Account
(as stated above) in 2012-13
Identified / DRT Case
1
500
Identified & handed over in
1
500
2013-14
Pending as on 31.03.2014
--As on 31.03.2014, the position
Nil
--

xo l Aml mUm xADAU/xLTQ/QADLs/10/2010


SlM 16.12.2010 U DYuO sxOa MUU M ZhQ 5L q
xzkl Mr | xzkl M AlxU, xuelM r Mx Alr Czr
M mUhqxum piM m q eU Mr ar zrU, e ASu
UW ei W, M sL eUMi Mml U Exq lkUi mr
Amll W |

xcMUh MUU M ZQ 5L M AlxU, piM zrU M qqs


q ASu zrU eUMi oM U lmaU xWpa M xj
Zs aL Eci Zi q eq Mr el W | iSlxU oM l MlU
oM, Qm M, oasU q LM upiM (QqO) Zi Zs W |
iSxok elMU lqllxU W:
Zi M lq: MlU oM-ASu Eci Zi- piM/zrU
QmADQ ADQ / aWM mWcl xZr: 301356 / 20552606
rj 31.03.2013 M zrU M sL 500 zrU us 1 zrU
mqhm W zrUkUM U ASu / mwh M sL soi UW ar
W | oM l E zrUkUM M mWcl M W ij zrU mqhm
M 2013 Aaxi qWl q xm Sr W|
uuUh
zrU mqhm zrU M
M xZr
xZr
rj 01.04.2012 M
2012-13 q ASu Eci Zi
M AiUi (EmrlxU)
mWcl ML aL / Q AU O
qqs
mWcl ML aL ij 2013-14
q WxiiUi
rj 31.03.2014 M soi
rj 31.03.2014 M xji

4(ASu)
2

2200
1200

500

500

-zlr

---

urmM AkU xcMM M mi MrlwmSl / Performance in comparison to Broad Based Indices

113

114

UexOU u AiUh LeO


Mu MmrOUzrU mCuO sqOQ
rlO: MlU oM
msO x.17-24, us Uu laU
qkmU
WSUoS- 500 081

Registrar and transfer Agent

zrU AiUh mhs

Share Transfer System

(M) piM zrU:

(a) Physical Shares:


The Original Share Certificates along with
transfer deed should be forwarded to M/s Karvy
Computershare Pvt. Ltd, Hyderabad, the Registrar
and Share Transfer Agents of the Bank for transfer /
transmission of shares.

Karvy Computershare Pvt. Ltd.


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

zrU M AiUh / mwh M sL AiUh usZ M xj qs


zrU mqhm, oM M UexOU u zrU AiUh LeO qxx
Mu MmrOUzrU mCuO sqOQ, WSUoS M Aawi MUl
cWL |

(b) Shares in Demat form:


In case the shares are in demat form, Delivery
Instructions are to be given to the concerned
Depository Participant (DP) for transfer of shares.

(Z) upiM m q zrU:


upiM m q zrU W i, ElM AiUi MUl M sL
xoki lmaU xWpa M xmSa AlSz Sl W |

Distribution of Shareholding
Category wise (31.03.2014)

zrU kUh M xuiUh


huU (31.03.2014)

pUi xUMU

# zrU M
xZr

zrU kUh
M %

(*)318258837

69.00

oM u ur xxjL

34102731

7.39

qrcrAs TQ

26248956

5.69

MmUO lMr

9789048

2.12

Ll AU AD / A x o

736211

0.16

lux ur / Aup
WlS mUuU / lrx
AS

30730246

6.67

uSz xxjai
luzM

41392808

8.97

Ms

461258837

100

Sl Category
No.

# No. of
shares

% of share
holding

Government of India (*)318258837

69.00

Banks & Financial


Institutions

34102731

7.39

Mutual Funds

26248956

5.69

Bodies Corporate

9789048

2.12

NRIs/OCBs

736211

0.16

Resident Individuals/
HUF /Trust etc.

30730246

6.67

Foreign Institutional
investors

41392808

8.97

TOTAL

461258837

100

# Nominal value of each share is `10/(*) Note: The Bank had allotted / issued 1,82,58,837 equity
shares to Government of India on Preferential basis on
31.12.2013.

# mirM zrU M lqq qsr `10/- W


(*) lO: oM l SlM 31.12.2013 M Akqli AkU mU pUi xUMU
M 1,82,58,837 DYuO zrU AoOi / laqi Mr |

115

qsr uU: (31.03.2014)


zrU kUh M
lqq qsr (`)
5000 iM

zrUkUM M
xZr

zrU M xZr

135062

93.12

16121308

3.49

5001 x 10000

7243

4.99

5916253

1.28

10001 x 20000

1437

0.99

2137234

0.46

20001 x 30000

365

0.25

926997

0.20

30001 x 40000

139

0.10

490257

0.11

40001 x 50000

151

0.10

682675

0.15

50001 x 100000

232

0.16

1688923

0.37

100001 u Exx
AkM

412

0.29

433295190

93.94

145041

100

461258837

100

No. of Shares

Ms

Value wise: (31.03.2014)


Shareholding
Nominal Value (`)
Up to 5000

No. of
Shareholders

135062

93.12

16121308

3.49

5001 to 10000

7243

4.99

5916253

1.28

10001 to 20000

1437

0.99

2137234

0.46

20001 to 30000

365

0.25

926997

0.20

30001 to 40000

139

0.10

490257

0.11

40001 to 50000

151

0.10

682675

0.15

50001 to 100000

232

0.16

1688923

0.37

100001 and above

412

0.29

433295190

93.94

145041

100

461258837

100

TOTAL

116

zrU M
M upiMMUh AU lMS:

Dematerialisation of shares and liquidity:

oM M zrU M ZUS-TUZi Alurir upiMMi m q

The Banks shares are traded compulsorily in


dematerialized form only. The Bank has entered into
agreement with M/s National Securities Depository
Limited (NSDL) and M/s Central Depositories Services
(India) Limited (CDSL) for Dematerialisation of the
Banks shares. The ISIN allotted to the Banks shares is
INE476A01014. Dematerialisation of the shares ensures
easy liquidity.

W Mr ei W | Aml zrU M upiMMUh M sL oM qxx


lzls xYrUOe QmxOU sqOQ (LlLxQLs) AU qxx
xOs QmxOUx xuxe (CQr) sqOQ (xLxQLs) M
xj MUU q mu WA | oM zrU M sL AoOi ADLxADLl
ADLlD.476L01014 W | zrU M upiMMUh ElM Axl
lMSMUh xli MUi W |

Since the shares of the Bank are traded in demat mode,


the shareholders holding shares in physical form, have
to open Demat Accounts with any of the Depository
Participant (DP) and surrender their original share
certificates to the concerned Depository Participant (DP)
for onward transmission to M/s Karvy Computershare
Private Limited, Hyderabad, the R & T Agents of the Bank,
for conversion of shares in demat form.

oM M zrU M upiM m q W ZUS TUZi Wl M


MUh piM m q zrU M kUh MUlus zrUkUM
M Mx lmaU xWpa M mx upiM Zi ZsMU
zrU M upiM m q oSsl M sL xoki lmaU
xWpa M pel W e ElW Aa qxx Mu MmrOUzrU
mCuO sqOQ, WSUoS M pea, e oM M UexOU u
AiUh LeO W |

Demat / Physical Holding (31.03.2014)

upiMMi / piM m x kUh (31.03.2014


(31.03.2014)
zrUkUM
M xZr

zrU M
xZr

piM

28505 19.65

CsYOlM-LlLxQLs

87787 60.53 128996671 27.97

CsYOlM-xQLxLs

28749 19.82 325669644 70.60

Ms

145041

6592522

100 461258837

Number of
Shareholders

%
1.43

Number of
Shares

28505 19.65

Electronic-NSDL

87787 60.53 128996671 27.97

Electronic-CDSL

28749 19.82 325669644 70.60


145041

6592522

Physical

TOTAL

100

100 461258837

1.43

100

There are no outstanding GDRs / ADRs / Warrants or any


convertible instruments.

eQAU / LQAU / uUO r MD mUuilr sZi oMr


lW W |

Address for Correspondence

mcU M mi

MlU oM
xcur mpa
Akr u mok lSzM M xcusr
mkl Mrsr, 112, e x UQ
oasU - 560 002
D-qs mi: hosecretarial@canarabank.com

CANARA BANK
SECRETARIAL DEPARTMENT
C & MDS SECRETARIAT
HEAD OFFICE, 112 J C ROAD
BANGALORE - 560 002
EMAIL ID: hosecretarial@canarabank.com

117

mUz M
i.

lSzM qQs M xqqh (31.03.2014


(31.03.2014)
x

lq

mMU

MrMs

Alr oQ q xSxri

1.

Ueu MzU So

A. u m.l.

11.01.2013-30.09.2014

2.

AzM MqU ami

M l

28.07.2011-31.10.2014

zlr

3.

u Lx Mwh MqU

M l

04.04.2013- 30.04.2015

4.

mql xW Uui

M l

05.08.2013- 31.05.2016

5.

Q. Uei pau

p x

26.07.2013 M lqi

zlr

6.

qi ql WqcS

p U o

13.10.2011 M lqi

zlr

7.

e u xozuUu

Mq l

21.10.2011- 20.10.2014

zlr

8.

e u qhqUl

A l

03.01.2014-02.01.2017

zlr

9.

xls WYqcS McO

aU M l

06.12.2013-05.12.2016

10.

xil xlW

aU M l

17.10.2011-16.10.2014

zlr

11.

xDUq o. qcUs

aU M l

05.12.2013-04.12.2016

12.

UelSU MqU ars

z l

27.07.2013-26.07.2016

4
8

13.

xer el

z l

27.07.2013-26.07.2016

1 (xfSU)

TYPE

TERM OF OFFICE

MEMBERSHIP OF
OTHER BOARDS

C&MD

11.01.2013 30.09.2014

Appendix A
i.

COMPOSITION OF BOARD OF DIRECTORS (31.03.2014)


Sl No.

NAME

1.

SHRI R K DUBEY

2.

SHRI ASHOK KUMAR GUPTA

ED

28.07.2011-31.10.2014

Nil

3.

SHRI V S KRISHNA KUMAR

ED

04.04.2013-30.04.2015

4.

SHRI PRADYUMAN SINGH RAWAT

ED

05.08.2013-31.05.2016

5.

Dr. RAJAT BHARGAVA

GOI

Nominated on 26.07.2013

Nil

6.

SMT MEENA HEMCHANDRA

RBI

Nominated on 13.10.2011

Nil

7.

SHRI G V SAMBASIVA RAO

WD

21.10.2011-20.10.2014

Nil

8.

SHRI G V MANIMARAN

OD

03.01.2014-02.01.2017

Nil

9.

SHRI SUNIL HUKUMCHAND


KOCHETA

NED - CA

06.12.2013-05.12.2016

10.

SHRI SUTANU SINHA

NED

17.10.2011-16.10.2014

Nil

11.

SHRI SAIRAM B. MOCHERLA

NED

05.12.2013-04.12.2016

12.

SHRI RAJINDER KUMAR GOEL

SD

27.07.2013-26.07.2016

13.

SHRI SANJAY JAIN

SD

27.07.2013 -26.07.2016

1 (Partner)

118

ii. 2013-14 M SUl MrMs xqmi lSzM M orU


1.

qi Acl Lx pau

M l

01.04.2011-22.04.2013

s.l.

2.

ZsS sMql osaq

aU M l

22.06.2010-21.06.2013

s.l.

3.

qi xk Mwhl

p x

16.11.2012-25.07.2013

s.l.

4.

m u qrr

z l

27.07.2010-26.07.2013

s.l.

5.

xls ami

z l

27.07.2010-26.07.2013

s.l.

6.

e u qhqUl

A l

14.12.2010-13.12.2013

s.l.

7.

oe qWl zq

z l

27.07.2013-31.12.2013

s.l.

ii. PARTICULARS OF DIRECTORS WHOSE TERM HAS ENDED DURING 2013-2014

1.

SMT ARCHANA S BHARGAVA

ED

01.04.2011-22.04.2013

N.A.

2.

SHRI KHALID LUQMAN


BILGRAMI

NED

22.06.2010-21.06.2013

N.A.

3.

SMT SUDHA KRISHNAN

GOI

16.11.2012-25.07.2013

N.A.

4.

SHRI P V MAIYA

SD

27.07.2010-26.07.2013

N.A.

5.

SHRI SUNIL GUPTA

SD

27.07.2010-26.07.2013

N.A.

6.

SHRI G V MANIMARAN

OD

14.12.2010-13.12.2013

N.A.

7.

SHRI BRIJ MOHAN SHARMA

SD

27.07.2013-31.12.2013

N.A.

xMi / KEY
A u m l / C&MD

Akr u mok lSzM / Chairman & Managing Director

M l / ED

MrmsM lSzM / Executive Director

p x / GOI

pUi xUMU lSzM / Government of India

p U o / RBI

pUir Ueu oM lSzM / Reserve Bank of India

A l / OD

AkMU lSzM / Officer Director

aU Ml / NED

aU-MrmsM lSzM / Non-Executive Director

z l / SD

zrUkUM lSzM / Shareholder Director

Mq. l / WD

MqaU lSzM / Workmen Director

s l / NA

sa lW / Not Applicable

119

iii. oQ M xqir M xqqh / iii. COMPOSITION OF COMMITTEES OF THE BOARD


xqi / COMMITTEE

Akr/ CHAIRMAN
Akr

xSxr / MEMBERS

mokl xqi

Ueu MzU So

AzM MqU ami / Shri Ashok Kumar Gupta

Management

Shri R K Dubey

u Lx MwhMqU / Shri V S Krishna Kumar


mql xW Uui / Shri Pradyuman Singh Rawat

Committee

qi ql WqcS / Smt Meena Hemchandra


e u qhqUl / Shri G V Manimaran
xls WYqcS McO / Shri Sunil Hukumchand Kocheta
xDUq o. qcUs / Shri Sairam B. Mocherla
UelSU MqU ars / Shri Rajinder Kumar Goel
eZq mokl xqi

Ueu MzU So

AzM MqU ami / Shri Ashok Kumar Gupta

Risk Management

Shri R K Dubey

u Lx MwhMqU / Shri V S Krishna Kumar


mql xW Uui / Shri Pradyuman Singh Rawat

Committee

e u qhqUl / Shri G V Manimaran


xls WYqcS McO / Shri Sunil Hukumchand Kocheta
UelSU MqU ars / Shri Rajinder Kumar Goel
sZmU xqi

xil xlW

AzM MqU ami / Shri Ashok Kumar Gupta

Audit Committee

Shri Sutanu Sinha

u Lx MwhMqU / Shri V S Krishna Kumar


mql xW Uui / Shri Shri Pradyuman Singh Rawat
Q. Uei pau / Dr. Rajat Bhargava
qi ql WqcS / Smt Meena Hemchandra
xls WYqcS McO / Shri Sunil Hukumchand Kocheta

zrUkUM / luzM
M zMri xqi
Shareholders/Investors

UelSU MqU
ars
Shri Rajinder
Kumar Goel

u Lx MwhMqU / Shri V S Krishna Kumar


mql xW Uui / Shri Pradyuman Singh Rawat
xer el / Shri Sanjay Jain

Grievances Committee
mUqM xqi

Q. Uei pau

Remuneration

Dr. Rajat Bhargava

Committee

AzM MqU ami / Shri Ashok Kumar Gupta

qi ql WqcS / Smt Meena Hemchandra


xil xlW / Shri Sutanu Sinha

120

mUz Z

lSzM M Emxji M orU

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.

lq

AU M So
AzM MqU ami
u Lx MwhMqU
mql xW Uui
Q. Uei pau
qi ql WqcS
e u xozuUu
e u qhqUl (*)
xls WYqcS McO
xil xlW
xDUq o. qcUs
UelSU MqU ars
xer el

oQ oPM
Emxji/
Arei
16/16
11/16
15/16
9/10
6/11
12/16
15/16
15/15
5/5
15/16
5/5
10/11
10/11

mokl
xqi
oPM
Emxji/
Arei
24/24
19/24
22/24
13/16
-14/24
8/11
2/2
9/9
10/11
4/4
5/5
12/12

sZ
mU
oPM
Emxji/
Arei
-9/11
10/11
7/7
3/8
9/11
--4/5
11/11
----

Lx.AD.e
x.
oPM
Emxji/
Arei
-2/2
2/2
2/2
---1/1
---2/2
1/1

eZq
mNs kUi zrU
mokl xqi
uwM
oPM
xqlr oPM M xZr
Emxji/
Arei
zlr
6/6

zlr
4/6

6/6
10

s l
zlr
3/4
s l
zlr
-zlr
-X
zlr
2/2

2/2
50

s l
zlr
2/2
zlr
4/4

s l
zlr
-s l
3/3
100
s l
-200

*MrMs SlM 13.12.2013 M xqmi W ar ij SlM 03.01.2014 M ml: lr Mr ar

uw 2013-2014 M SUl MrMs xqmi lSzM M Emxji M orU


1. qi Acl Lx pau
-1/1
-2. qi xk Mwhl
3/5
-2/3
3. e u qhqUl (*)
15/15
2/2
-4. ZsS sMql osaq
4/4
5/5
3/3
5. m u qrr
4/5
6/8
-6. xls ami
5/5
7/8
-7. oe qWl zq
7/7
9/10
--

--1/1
-----

--2/2
--2/2
1/1

21.10.13
24.03.14

25.05.13
24.06.13
23.09.13
20.01.14
15.03.14

*MrMs SlM 13.12.2013 M xqmi W ar ij SlM 03.01.2014 M ml: lr Mr ar

29.04.13
02.05.13
25.05.13
29.05.13
24.06.13
03.08.13
24.08.13
23.09.13
21.10.13
12.11.13
19.11.13
20.12.13
20.01.14
31.01.14
24.02.14
24.03.14

up oPM
17.04.13
06.05.13
18.05.13
29.05.13
11.06.13
24.06.13
09.07.13
22.07.13
08.08.13
19.08.13
05.09.13
23.09.13
15.10.13
12.11.13
26.11.13
12.12.13
20.12.13
27.12.13
20.01.14
31.01.14
14.02.14
24.02.14
15.03.14
24.03.14

M iUZ
02.05.13
29.05.13
14.06.13
03.08.13
10.09.13
12.11.13
19.12.13
31.01.14
20.02.14
05.03.14
21.03.14

Me: Lx AD e x: zrUkUM / luzM mUuS xqi M oPM

121

-X

-
X

s l

130
zlr
50
200
200
500
100

22.07.13

30.12.13

s l: sa lW

Appendix B
DETAILS OF ATTENDANCE OF DIRECTORS
SL. NAME
NO.

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.

BOARD
MEETING

SHRI R K DUBEY
SHRI ASHOK KUMAR GUPTA
SHRI V S KRISHNA KUMAR
SHRI PRADYUMAN SINGH
RAWAT
DR.RAJAT BHARGAVA
SMT MEENA HEMCHANDRA
SHRI G V SAMBASIVA RAO
SHRI G V MANIMARAN (*)
SHRI SUNIL HUKUMCHAND
KOCHETA
SHRI SUTANU SINHA
SHRI SAIRAM B. MOCHERLA
SHRI RAJINDER KUMAR
GOEL
SHRI SANJAY JAIN

Attended/
Held
16/16
11/16
15/16
9/10

MANAGEAUDIT
SIGC
RISK MANLAST
NO. OF
MENT
COMMITTEE MEETING AGEMENT
ANNUAL SHARES
COMMITTEE
MEETING
COMMITTEE GENERAL HELD
MEETING
MEETING
MEETING
Attended /
Attended / Attended / Attended /
Held
Held
Held
Held
24/24
--6/6
Nil

19/24
9/11
2/2
4/6
Nil

22/24
10/11
2/2
6/6
10

13/16
7/7
2/2
3/4
NA
Nil

6/11
12/16
15/16
15/15
5/5

-14/24
8/11
2/2
9/9

3/8
9/11
--4/5

---1/1
--

--2/2
2/2
2/2

NA

15/16
5/5
10/11

10/11
4/4
5/5

11/11
---

--2/2

4/4
-3/3

NA
NA

Nil
Nil
100

10/11

12/12

--

1/1

--

NA

200

--2/2
--2/2
1/1

-X

130
Nil
50
200
200
500
100

*Tenure ended on 13.12.2013 and Re-appointed on 03.01.2014

NA
X

Nil
Nil
Nil
50
Nil

DETAILS OF ATTENDANCE OF DIRECTORS WHOSE TERM HAS ENDED DURING 2013-2014


1.
2.
3.
4.
5.
6.
7.

SMT ARCHANA S BHARGAVA


SMT SUDHA KRISHNAN
SHRI G V MANIMARAN (*)
SHRI KHALID LUQMAN
BILGRAMI
SHRI P V MAIYA
SHRI SUNIL GUPTA
SHRI BRIJ MOHAN SHARMA

-3/5
15/15
4/4
4/5
5/5
7/7

1/1
-2/2
5/5
6/8
7/8
9/10

-2/3
-3/3
----

--1/1
-----

--

X
NA

*Tenure ended on 13.12.2013 and Re-appointed on 03.01.2014

29.04.13
02.05.13
25.05.13
29.05.13
24.06.13
03.08.13
24.08.13
23.09.13
21.10.13
12.11.13
19.11.13
20.12.13
20.01.14
31.01.14
24.02.14
24.03.14

DATES OF VARIOUS MEETINGS


17.04.13
02.05.13
21.10.13
06.05.13
29.05.13
24.03.14
18.05.13
14.06.13
29.05.13
03.08.13
11.06.13
10.09.13
24.06.13
12.11.13
09.07.13
19.12.13
22.07.13
31.01.14
08.08.13
20.02.14
19.08.13
05.03.14
05.09.13
21.03.14
23.09.13
15.10.13
12.11.13
26.11.13
12.12.13
20.12.13
27.12.13
20.01.14
31.01.14
14.02.14
24.02.14
15.03.14
24.03.14

KEY: SIGC: Shareholders/ Investors Grievances Committee Meeting.

122

25.05.13
24.06.13
23.09.13
20.01.14
15.03.14

22.07.13 30.12.13

NA: Not Applicable

mUz a
uw 2013-14 M sL lSzM M mS Emxji zsM
x

mS Emxji zsM

lSzM M lq

(`)

e u xozu Uu

2,40,000

e u qhqUl

2,15,000

ZsS sZql osaq

80,000

m u qrr

70,000

xls ami

1,05,000

oe qWl zq

1,20,000

xls WYqcS McO

1,20,000

xil xlW

3,25,000

xDUq o. qcUs

80,000

10

UelSU MqU ars

1,75,000

11

xer el

1,75,000

Appendix C
SITTING FEES PAID TO DIRECTORS FOR THE YEAR 2013-14
Sl. No.

Sitting Fees paid


(`)

Name of the Director

Shri G.V.Sambashiva Rao

2,40,000

Shri G.V.Manimaran

2,15,000

Shri Khalid Luqman Bilgrami

80,000

Shri P.V.Maiya

70,000

Shri Sunil Gupta

1,05,000

Shri Brij Mohan Sharma

1,20,000

Shri Sunil Hukumchand Kocheta

1,20,000

Shri Sutanu Sinha

3,25,000

Shri Sairam B. Mocherla

10

Shri Rajinder Kumar Goel

1,75,000

11

Shri Sanjay Jain

1,75,000

80,000

123

Akr u mok lSzM M bwh


oM M lSzM qQs Lu uU mokl MqM l 31.03.2014 M xqmi uw M sL
oM M AcUh xWi M Almsl MUl M m M W |

xjl : oasU
SlM : 04 el, 2014

Akr u mok lSzM

124

DECLARATION BY C & MD
The Board of Directors and the Senior Management Personnel of the Bank
have affirmed confirming to the Code of Conduct of the Bank for the year
ended 31.03.2014.

Place : Bangalore
Date : 4th June, 2014

Chairman & Managing Director

125

MmUO aullx xok sZ mUM M


mqhm

AUDITORS CERTIFICATE ON CORPORATE


GOVERNANCE

xu q,

To,

MlU oM M xSxr

The Members of Canara Bank

Wql MlU oM U 31 qc, 2014 M xqmi uw M sL

We have examined the compliance of conditions of


Corporate Governance by CANARA BANK for the year
ended 31st March, 2014 as stipulated in Clause 49 of
the Listing Agreement with the Stock Exchanges.

MmUO xcsl M zi M Almsl M mUh Mr W, ex


M xOM LYxce M xj Mji oM M xcMUh MUU M
ZQ 49 q lkUi W|

The compliance of conditions of Corporate Governance is


the responsibility of the Management. Our examination
was limited to procedures and implementation thereof,
adopted by the Bank for ensuring the compliance of
conditions of the Corporate Governance. It is neither
an audit nor an expression of opinion on the financial
statements of the Bank.

MmUO aullx M zi M Almsl mokl M eqqSU W|


WqU mUh MmUO aullx M zi M Almsl xli MUl
M sL oM U Amlr ar rukr u ElM Mrlurl iM
xqi j| rW l i oM M ur uuUh M sZ mU W AU
l W Ex mU Apqi M Apur W|
oM U AlUi UMQ u msZ ij Wq mSl M aD xcl

On the basis of the records and documents maintained


by the Bank and the information and explanations given
to us, in our opinion, the Bank has complied with the
conditions of Corporate Governance as stipulated in the
above mentioned Listing Agreement to the extent these
do not violate RBI guidelines.

u xmMUh M AkU mU, WqU Ur q, xOM LYxce M


xj ML aL FmU EssZi xcMUh MUU q lkUi MmUO
aullx M zi M oM l Almsl Mr W ij pUir Ueu
oM M SzlSz M Essbl lW Mr W |
Wq bwi MUi W M zrUkUM u luzM zMri luUh

We state that no investor grievance is pending for a


period exceeding one month against the Bank as per the
records maintained by the Shareholders and Investors
Grievance Committee.

xqi U UZ aL UMQ M AlxU oM M ZsT LM qWl


x AkM Auk M sL MD p luzM zMri soi lW W|
Wq Aa rW p bwi MUi W M Lx Almsl oM M pu

We further state that such compliance is neither anassurance as to the future viability of the Bank nor the
efficiency or effectiveness with which the Management
has conducted the affairs of the Bank.

uruWri M xok q l MD Axl W AU l W uW oM M


Mr Mzsi r mpui M oU q Axl W exM xj
mokl l oM M MUoU csr W|

oasU
01.05.2014

Mi TQ, UQx, mYx LQ Mml


xlS sZMU

For Ford, Rhodes, Parks & Co.,


Chartered Accountants

L Q zlr
xfSU
Lq. l. 11549
LT AU Ll l. 102860Qosr

CA A.D.SHENOY
Partner
M.No.11549
FRN No.102860W

Bangalore
01.05.2014

126

MlU oM M isl m, sp u Wl sZ
ij lMS muW uuUh
2013-2014

127

BALANCE SHEET, PROFIT & LOSS ACCOUNT


AND CASH FLOW STATEMENT OF CANARA BANK
2013-2014

128

xui sZ mUM M UmO

Independent Auditors Report

xu q,
pUi M Umi

To

ur uuUh mU UmO
1. Wql rj 31 qc 2014 M MlU oM M xsal ur uuUh
M sZ mU M W elq rj 31 qc 2014 M isl m
io xqmi uw M sp-Wl sZ AU lMS muW uuUh,
qWiumh sZMl lir ij Alr xmMUh elMUr
(sZ xok Ommhr) zqs W | Cl ur uuUh q
WqU U sZ mUi 20 zZA M, zZ sZ mUM
U sZ mUi 2081 zZA AU xjlr sZ mUM
U sZ mUi 4 uSz zZA M uuUhr zqs M
aD W | WqU U AU Alr sZ mUM U sZ mUi
zZr pUir Ueu oM U lai qalSz M qioM
oM U crli M aD W | Cxq sZ mU lW M aD
2649 zZA M uuUhr p zqs M W | sZmU
lW M aD zZr 5.76% Aaq, 17.30% eq, 3.53%
ore Ar AU 14.75% ore aPi MUi W |

Report on Financial Statements


1. We have audited the accompanying financial
statements of Canara Bank as at March 31, 2014,
which comprise the Balance Sheet as at March 31,
2014, the Profit and Loss Account and the Cash Flow
Statement for the year then ended, and a summary of
significant accounting policies and other explanatory
information (Notes to Accounts). Incorporated in
these financial statements are the returns of 20
branches audited by us, 2081 branches audited by
branch auditors and 4 foreign branches audited by
local auditors. The branches audited by us and those
audited by other auditors have been selected by the
Bank in accordance with the guidelines issued to the
Bank by the Reserve Bank of India. Also incorporated
in the Balance Sheet and the Profit and Loss Account
are the returns from 2649 branches which have not
been subjected to audit. These unaudited branches
account for 5.76 percent of advances, 17.30 percent
of deposits, 3.53 percent of interest income and
14.75 percent of interest expenses.

ur uuUh M sL mokl i M EUSriu

Managements responsibility for the Financial Statements


2. Management is responsible for the preparation of
these financial statements in accordance with the
requirements of Reserve Bank of India, Banking
Regulation Act, 1949 and applicable Accounting
Standards. This responsibility includes the design,
implementation and maintenance of internal control
relevant to the preparation of the financial statements
that are free from material misstatement, whether
due to fraud or error.

The President of India

2. oMa ulrq Aklrq, 1949 M AlxU Cl ur uuUh


M irU MUl M sL mokl i EUSD W | Cx EUSriu
q kZkQ M MUh W r O M MUh, uximUM AmMjl
x q ur uuUh M irU MUl M sL xo AiUM
lrh, m-x AU Mrlurl p xqWi Wi W |
sZ mUM M EUSriu
3. WqU sZ mU M AkU mU Cl ur uuUh mU ucU
ur MUl WqU EUSriu W | Wql pUir xlS sZMU
xxjl U lai sZ mU qlM M AlxU sZ mU
Arei M | r qlM rW Am MUi W M Wq liM
AmA M Almsl MUi WL, relo iUM x sZ
mU Arei MU iM u uuUh M mUmr q xai
Axl mmi W xM M u uximUM AmMjl q W |

Auditors Responsibility
3. Our responsibility is to express an opinion on
these financial statements based on our audit.
We conducted our audit in accordance with the
Standards on Auditing issued by the Institute of
Chartered Accountants of India. Those Standards
require that we comply with ethical requirements
and plan and perform the audit to obtain reasonable
assurance about whether the financial statements
are free from material misstatement.
4. An audit involves performing procedures to obtain
audit evidence about the amounts and disclosures
in the financial statements. The procedures selected
depend on the auditors judgement, 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

4. sZ mU q ur uuUh q Uzr AU mMOl M oU


q sZ mU xr mmi MUl M mrr Amll Wi
W | cl aD mrr sZ mUM M lrr-lhr mU lpU
MUi W exq kZ-kQ M MUh W r O M ur
uuUh q uximUM AmMjl M ere sl M eZq

129

p UWi W | Cl eZq M ere sl q mUxjir M

Banks preparation and presentation of the financial


statements that gives a true and fair view in order to
design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing
opinion on the effectiveness on the Banks 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.

AlMs sZ mU mrr AiUM lrh M krl q


UZi W | sZ mU q mr sZ lir M xqcii
mokl i U Mr ar sZ Alql M Acir M xjxj u uuUh M xqc mxiiMUh M qsrMl Mr
el p zqs Wi W |
5. sZ mU mU WqU ucU ur MUl M sL Wql e
xr LMi Mr W uW mrmi AU xqci W - rW WqU
ux W |

5. We believe that the audit evidence we have obtained


is sufficient and appropriate to provide a basis for our
audit opinion.

WqU ucU
6. WqU ucU W, ex oM oWr q SZD Si W AU WqU
elMU ij Wq Sr ar xmMUh M AlxU :-

Opinion
6. In our opinion, as shown by books of Bank, and to
the best of our information and according to the
explanations given to us:

(i) sZ lir AU El mU M aD Ommhr M xj mPi isl


m xmh AU xai isl m W exq xU AuzrM uuUh
xW iUM x irU Mr ar W iM pUi q xqlrir
xuMr sZ-xi M AlxU rj 31 qc 2014 M oM
M uruWU M xW AU Eci c Szr e xM;

(i) the Balance Sheet, read with the Notes to


Accounts thereon is a full and fair Balance
Sheet containing all the necessary particulars, is
properly drawn up so as to exhibit a true and fair
view of state of affairs of the Bank as at March 31,
2014 in conformity with accounting principles
generally accepted in India;

(ii) sZ lir AU El mU M aD Ommhr M xj mPi


sp Wl sZ, ExM U muUi uw M sL pUi q
xqlrir xuMr sZ-xi M AlxU sp M xW
xisl Szi W |

(ii) the Profit and Loss Account, read with the Notes
to Accounts thereon shows a true balance of
profit, in conformity with accounting principles
generally accepted in India, for the year covered
by the account; and

(iii) lMS muW uuUh Ex iUZ M xqmi uw M sL lMS


muW M xW AU Eci c Szi W |

(iii) the Cash Flow Statement gives a true and


fair view of the cash flows for the year ended on
that date.

krl Sl rar oi
Wq lqlsZi M AU krl AM MU UW W :-

Emphasis of Matter
We draw attention to:
a. Note 6.4 to the financial statements, which
describes the accounting treatment of the
expenditure on creation of Deferred Tax Liability
on Special Reserve under Section 36(1)(viii) of
the Income-tax Act, 1961 as at March 31, 2013,
pursuant to RBIs Circular No. DBOD. No. BP.
BC. 77 / 21.04.018 / 2013-14 dated December
20, 2013.

M. pUir Ueu oM M mUm x. QoAQ x.om.


ox.77/21.04.018/2013-14 SlM 20 SxoU, 2013
M AlxU oM l Ar MU Aklrq, 1961M kU
36(1)(viii) M iWi uzw AUi lkr mU Axjai
MU Sri (QOLs) xei MUl M xok q WL urr x
xoki ur uuUhr M lO xZr 6.4 |
Z. pUir Ueu oM U Aml mUm SlM 09 TUuU,
2011 q SL aL Alqi M AlxU uw M SUl mzl
u EmSl M mUzkl M mWcl u xqrel M xok
q elMU mSl MUlus ur uuUhr M lO
xZr 6.15

b. Note 6.15 to the financial statements, which


provides details with regard to the identification
and adjustment during the year of amortization
of pension and gratuity liability as permitted by
Reserve Bank of India vide their circular dated
February 9, 2011.

a. pUir Ueu oM U Aml m SlM 03 eluU, 2014

c.

q AlqilxU LT AD O Ls M ai Auk M xok

130

Note 6.19 to the financial statements, which


provides details with regard to the spreading

q TOMU Sri (ore meMUh) M Mqi-sai AiU


M xel M xok q elMU mSl MUlus ur
uuUhr M lO xZr 6.19

the creation of Sundry Liability (Interest


Capitalisation) on account of past period FITL
as permitted by Reserve Bank of India vide their
letter dated January 3, 2014.

E qqs M xok q WqU Ur rar lW W |

Our opinion is not qualified in respect of these


matters.

Alr ukM u ulrqM Amr


7. isl m AU qz oMa ulrq Aklrq, 1949 M
ixU Alxc M mm M u Z q irU Mr ar W |

Report on Other Legal and Regulatory Requirements


7. The Balance Sheet and the Profit and Loss
Account have been drawn up in Forms A and B
respectively of the Third Schedule to the Banking
Regulation Act, 1949.

8. Emr 1 x 5 iM M mUcNS q xci sZ mU xqA


M Akl AU oMa Mmlr (Emq M AkaWh u AiUh)
Aklrq 1970 U Ami AlxU AU Exq Ami
mMOl M xqA M Akl p Wq UmO MUi W M:

8. Subject to the limitations of the audit indicated


in paragraph 1 to 5 above and as required by the
Banking Companies (Acquisition and Transfer
of Undertakings) Act, 1970 and subject also to
the limitations of disclosure required therein, we
report that:

M. Wql Aml sZ mU Mr M sL AuzM xU


elMU AU xmMUh mmi Mr W e WqU elMU
AU ux M qioM Aml sZ mU Mr M sL
AuzrM W AU Wql ElW xiwelM mr W |

a. We have obtained all the information and


explanations which to the best of our knowledge
and belief, were necessary for the purposes of
our audit and have found them to be satisfactory.

Z. oM M xuruWU e WqU elMU q Ar W, ExM


AkMU M Aiai W W |

b. The transactions of the Bank, which have come


to our notice, have been within the powers of the
Bank.

a. WqU sZ mU M sL oM M Mrsr AU zZA


x mmi uuUhr mrmi mD aD W |

c.

9. isl m, sp-Wl sZ AU lMS muW uuUh


mcsi sZ qlM M Almsl MUi W - rW WqU
ucU W |

The returns received from the offices and


branches of the Bank have been found adequate
for the purposes of our audit.

9. In our opinion, the Balance Sheet, Profit and Loss


Account and Cash Flow Statement comply with the
applicable Accounting Standards.

Mi sMU LhQ M
xlS sZMU
Tq meMUh xZr. 000172Qosr

Mi m cmQ LhQ M
xlS sZMU
Tq meMUh xZr. 004957Ll

For Loonker & Co.


Chartered Accountants
Firm Registration No. 000172W

For P. Chopra & Co.


Chartered Accountants
Firm Registration No. 004957N

(z Ll. mZlr)
xfSU
xSxri xZr. 138932

(mSm MqU cmQ)


xfSU
xSxri xZr. 082598

(Hrudyesh N. Pankhania)
Partner
Membership No. 138932

(Pradeep Kumar Chopra)


Partner
Membership No. 082598

Mi L AU Sx LhQ LxxLOx
xlS sZMU
Tq meMUh xZr. 306109D

Mi Lx x uxSu LhQ M
xlS sZMU
Tq meMUh xZr. 000235Ll

For A.R. Das & Associates


Chartered Accountants
Firm Registration No. 306109E

For S. C. Vasudeva & Co.


Chartered Accountants
Firm Registration No.000235N

(zrqs MqU lrM)


xfSU
xSxri xZr. 051353

(xer uxSu)
xfSU
xSxri xZr. 090989

(Syamal Kumar Nayak)


Partner
Membership No. 051353

(Sanjay Vasudeva)
Partner
Membership No.090989

Mi ulr MqU LhQ M


xlS sZMU
Tq meMUh xZr. .000719x

Mi TQ, UQx mYx LhQ M


xlS sZMU
Tq meMUh xZr. 102860Qosr

For Vinay Kumar & Co.


Chartered Accountants
Firm Registration No.000719C

For Ford Rhodes Parks & Co.


Chartered Accountants
Firm Registration No. 102860W

(lZs xbs)
xfSU
xSxri xZr. 079557

(L Q zhr)
xfSU
xSxri xZr. 011549

(Nikhil Singhal)
Partner
Membership No. 079557

(A.D. Shenoy)
Partner
Membership No. 011549

oasU
05 qD
qD,, 2014

Bangalore
May 05, 2014

131

rj 31 qc, 2014 M isl m

BALANCE SHEET AS AT 31ST MARCH 2014


Alxc rj 31.03.2014 M rj 31.03.2013 M
Schedule
As at 31.03.2014
As at 31.03.2013
(` 000)
(` 000)
me AU SriL / CAPITAL AND LIABILITIES
me / CAPITAL
AUi lkr AU Akzw / RESERVES AND SURPLUS
eq / DEPOSITS
EkU / BORROWINGS
Alr SriL ij mukl /OTHER LIABILITIES AND PROVISIONS

1
2
3
4
5

461 25 88
29158 85 44
420722 81 82
27230 63 66
14348 28 63

443 00 00
24434 78 89
355855 99 13
20283 37 38
11325 45 46

491921 85 43

412342 60 86

22153 78 08

15405 93 03

7
8
9
10
11

22674 92 99
126828 25 50
301067 47 88
6641 56 23
12555 84 75

19308 77 23
121132 83 03
242176 62 46
2862 71 84
11455 73 27

491921 85 43

412342 60 86

223051 44 98
16268 91 63

249707 54 69
13997 78 94

eQ / TOTAL
Axir / ASSETS
pUir Ueu oM q lMS AU zw
CASH & BALANCES WITH RESERVE BANK OF INDIA
oM q zw AU qa ij Asm xcl mU kl
BALANCES WITH BANKS AND MONEY AT CALL
AND SHORT NOTICE
luz / INVESTMENTS
Aaq / ADVANCES
xjU Axir / FIXED ASSETS
Alr Axir / OTHER ASSETS
eQ / TOTAL
AMxqM SriL / CONTINGENT LIABILITIES
uxs M sL os / BILLS FOR COLLECTION
sZMl lir / ACCOUNTING POLICIES
sZ xok Ommhr / NOTES ON ACCOUNTS

12
17
18

u xMqU
qQs mokM

Lq cS zZU
xWrM qW mokM

Ll xuzMUl
Em qW mokM

Ll xsuUel
qW mokM

mql xW Uui
MrmsM lSzM

u Lx Mwh MqU
MrmsM lSzM

AzM MqU ami


MrmsM lSzM

Ueu MzU So
Akr u mok lSzM

Q. Uei pau
lSzM

e u xozu Uu
lSzM

e u qhqUl
lSzM

xls WYqcS McO


lSzM

xil xlW
lSzM

UelSU MqU ars


lSzM

xer el
lSzM

xqxZrM ij M WqU UmO M AlxU


Mi
sMU LhQ M
xlS sZMU

Mi
m cmQ LhQ M
xlS sZMU

z mZlr
xfSU

mSm MqU cmQ


xfSU

Mi
Mi
L AU Sx LhQ LxxLOx Lx x uxSu LhQ M
xlS sZMU
xlS sZMU
zrqs MqU lrM
xfSU

xer uxSu
xfSU

oasU
05 qD, 2014

132

Mi
ulr MqU LhQ M
xlS sZMU

Mi
TQ, UQx mYx LhQ M
xlS sZMU

lZs xbs
xfSU

L Q zhr
xfSU

rj 31 qc, 2014 M xqmi uw M sp u Wl Zi

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2014

I.

Alxc rj 31.03.2014 M rj 31.03.2013 M


Schedule
xqmi uw
xqmi uw
For the Year ended For the Year ended
31.03.2014
31.03.2013
(` 000)
(` 000)

Ar / I. INCOME
Aei ore / INTEREST EARNED
Alr Ar / OTHER INCOME
eQ / TOTAL

II. urr / II. EXPENDITURE


urr Mr ar ore / INTEREST EXPENDED
mUcsl urr / OPERATING EXPENSES
mukl AU AMxqM urr /
PROVISIONS AND CONTINGENCIES
eQ / TOTAL
III. uw M lus sp / III. NET PROFIT FOR THE YEAR
IV. ulrel / APPROPRIATIONS
lqlMi M AiUh / TRANSFERS TO
xukM AUi lkr / STATUTORY RESERVES
me AUi lkr / CAPITAL RESERVES
luz AUi lk Zi / INVESTMENT RESERVE ACCOUNT
Uexu AUi lk / REVENUE RESERVE
uzw AUi lkr / SPECIAL RESERVE
AiUq spz / INTERIM DIVIDEND
mxiui spz / PROPOSED DIVIDEND
spz MU uiUh / DIVIDEND DISTRIBUTION TAX
eQ / TOTAL
sZMl lir / ACCOUNTING POLICIES
sZ xok Ommhr / NOTES ON ACCOUNTS
mi zrU Ael (qs u ilMi) / EARNINGS PER SHARE
(BASIC AND DILUTED) (` q / in `)

13
14

39547 61 18
3932 75 62
43480 36 80

34077 93 50
3153 00 78
37230 94 28

15
16

30603 16 54
6081 01 03

26198 94 33
5141 98 99

4357 99 77
41042 17 34
2438 19 46

3017 90 67
34358 83 99
2872 10 29

650 00 00
87 50 00
1107 07 99
299 81 95
207 56 52
86 23 00
2438 19 46

720 00 00
43 06 84
205 00 00
530 03 45
700 00 00
576 00 00
98 00 00
2872 10 29

54. 48

64. 83

17
18

V SUKUMAR
DIVISIONAL MANAGER

M CHANDRA SEKHAR
ASSISTANT GENERAL MANAGER

N SIVASANKARAN
DEPUTY GENERAL MANAGER

N SELVARAJAN
GENERAL MANAGER

P S RAWAT
EXECUTIVE DIRECTOR

V S KRISHNA KUMAR
EXECUTIVE DIRECTOR

ASHOK KUMAR GUPTA


EXECUTIVE DIRECTOR

R K DUBEY
CHAIRMAN AND MANAGING
DIRECTOR

Dr. RAJAT BHARGAVA


DIRECTOR

G V SAMBASIVA RAO
DIRECTOR

G V MANIMARAN
DIRECTOR

SUNIL HUKUMCHAND
KOCHETA
DIRECTOR

SUTANU SINHA
DIRECTOR

RAJINDER KUMAR GOEL


DIRECTOR

SANJAY JAIN
DIRECTOR

AS PER OUR REPORT OF EVEN DATE


For
LOONKER & Co.
Chartered Accountants

For
P CHOPRA & Co.
Chartered Accountants

HRUDYESH N PANKHANIA
Partner

PRADEEP KUMAR CHOPRA


Partner

For
For
A R DAS & ASSOCIATES S C VASUDEVA & Co.
Chartered Accountants Chartered Accountants
SYAMAL KUMAR NAYAK
Partner

BANGALORE
MAY 05,2014

133

SANJAY VASUDEVA
Partner

For
VINAY KUMAR & Co.
Chartered Accountants

For
FORD RHODES PARKS & Co.
Chartered Accountants

NIKHIL SINGHAL
Partner

A D SHENOY
Partner

rj 31 qc, 2014 M isl m M Az ollus Alxcr

SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH 2014


rj 31.03.2014 M rj 31.03.2013 M
As at 31.03.2014 As at 31.03.2013
(` 000)
(` 000)
Alxc 1 - me / SCHEDULE 1 - CAPITAL
I.
mkMi me / AUTHORISED CAPITAL
(mi zrU `10/ M 300,00,00,000 DYuO zrU /
(300,00,00,000 EQUITY SHARES OF `10/- EACH)
II. laqi, ApS AU mS / ISSUED, SUBSCRIBED AND PAID UP:
i) MS xUMU U kUi mi zrU `10/- M 31,82,58,837 DYuO zrU | mNs
uw `10/- M 30,00,00,000 DYuO zrU
i) 31,82,58,837 EQUITY SHARES OF `10/- EACH. PREVIOUS YEAR 30,00,00,000
EQUITY SHARES OF `10/- EACH HELD BY CENTRAL GOVERNMENT
ii) Alr U kUi mi zrU `10/- M 14,30,00,000 DYuO zrU
ii) 14,30,00,000 EQUITY SHARES OF `10/- EACH HELD BY OTHERS
Alxc 2 - AUi lkr ij Akzw / SCHEDULE 2 - RESERVES AND SURPLUS
I. xukM AUi lkr / STATUTORY RESERVE
(oMa ulrq 1949 M kU 17 M AlxU AUi lk)
(RESERVE FUND IN TERMS OF SECTION 17 OF THE BANKING
REGULATION ACT, 1949)
Ajzw / OPENING BALANCE
uw M SUl mUukl / ADDITIONS DURING THE YEAR
eQ / TOTAL
II. me AUi lkr / CAPITAL RESERVE
M. mlqsrMl AUi lkr / a. REVALUATION RESERVE
Ajzw / OPENING BALANCE
eQ: uw M SUl mlqsrMl / ADD : REVALUATION DURING THE YEAR
bOr: sp u Wl Zi M AiUh / xqrel
LESS : ADJUSTMENTS / TRANSFER TO PROFIT AND LOSS ACCOUNT
eQ / TOTAL
Z. uSz qS mUuil AUi lkr / b. FOREIGN CURRENCY
TRANSLATION RESERVE
Ajzw / OPENING BALANCE
eQ: uw M SUl mUukl / ADDITIONS DURING THE YEAR
bOr: uw M SUl MOir / LESS: DEDUCTIONS DURING THE YEAR
eQ / TOTAL
a. Alr / c. OTHERS
Ajzw / OPENING BALANCE
eQ: uw M SUl mUukl / ADDITIONS DURING THE YEAR
eQ / TOTAL

134

3000 00 00

3000 00 00

318 25 88

300 00 00

143 00 00
461 25 88

143 00 00
443 00 00

6653 00 00
650 00 00
7303 00 00

5933 00 00
720 00 00
6653 00 00

2033 24 03
3569 47 57
5602 71 60

2065 13 95
-2065 13 95

104 46 27
5498 25 33

31 89 92
2033 24 03

99 29 84
122 38 14
-221 67 98

77 66 88
21 62 96
-99 29 84

1268 77 07
87 50 00
1356 27 07

1225 70 23
43 06 84
1268 77 07

rj 31 qc, 2014 M isl m M Az ollus Alxcr

SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH 2014


rj 31.03.2014 M
As at 31.03.2014
(` 000)

rj 31.03.2013 M
As at 31.03.2013
(` 000)

2235 20 00

2235 20 00

481 74 12

--

2716 94 12

2235 20 00

Ajzw / OPENING BALANCE

8440 27 95

7910 24 50

uw M SUl mUukl / ADDITIONS DURING THE YEAR

1107 07 99

530 03 45

9547 35 94

8440 27 95

bOr: uw M SUl MOir / LESS: DEDUCTIONS DURING THE YEAR

1189 65 00

--

eQ / TOTAL

8357 70 94

8440 27 95

3500 00 00

2800 00 00

--

700 00 00

3500 00 00

3500 00 00

205 00 00

205 00 00

205 00 00

205 00 00

--

--

eQ / TOTAL

205 00 00

205 00 00

eQ / TOTAL

29158 85 44

24434 78 89

III zrU mqrq / SHARE PREMIUM :


Ajzw / OPENING BALANCE
uw M SUl mmi / RECEIVED DURING THE YEAR
eQ / TOTAL
IV Uexu AU Alr AUi lkr / REVENUE AND OTHER RESERVES
M Uexu AUi lkr / a. REVENUE RESERVE

Z uzw AUi lkr / b. SPECIAL RESERVE


{ArMU Aklrq 1961 M kU 36 (1) (VIII) M AlxU}
{IN TERMS OF SECTION 36 (1)(VIII) OF THE INCOME TAX ACT, 1961}
Ajzw / OPENING BALANCE
uw M SUl mUukl/ ADDITIONS DURING THE YEAR
eQ / TOTAL
a

luz AUi lk Zi / INVESTMENT RESERVE ACCOUNT


Ajzw / OPENING BALANCE
uw M SUl mUukl/ ADDITIONS DURING THE YEAR
bOr: uw M SUl MOir / LESS: DEDUCTIONS DURING THE YEAR

135

rj 31 qc, 2014 M isl m M Az ollus Alxcr

SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH 2014


rj 31.03.2014 M
As at 31.03.2014
(` 000)

rj 31.03.2013 M
As at 31.03.2013
(` 000)

i. oM x / FROM BANKS
ii. Alr x / FROM OTHERS
eQ / Total

888 36 61
16855 42 27
17743 78 88

235 93 87
14657 21 00
14893 14 87

II.

oci oM eq / SAVINGS BANK DEPOSITS


eQ / Total

85535 60 57
85535 60 57

71168 18 72
71168 18 72

III.

xuk eq / TERM DEPOSITS


i. oM x / FROM BANKS
ii. Alr x / FROM OTHERS
eQ / Total
eQ / Total

19060 88 04
298382 54 33
317443 42 37
420722 81 82

12104 88 42
257689 77 12
269794 65 54
355855 99 13

zZA M eq / DEPOSITS OF BRANCHES


i. pUi q / IN INDIA
ii. pUi M oWU / OUTSIDE INDIA
eQ / Total

398852 91 65
21869 90 17
420722 81 82

342106 93 24
13749 05 89
355855 99 13

--5128 71 54

--3526 13 29

9778 10 00
14906 81 54

7353 55 00
10879 68 29

10825 93 82

8046 53 27

1497 88 30
12323 82 12
27230 63 66

1357 15 82
9403 69 09
20283 37 38

Alxc 3 - eq / SCHEDULE 3 - DEPOSITS


M. I. qa eq / A.I. DEMAND DEPOSITS
M

B.

Alxc 4 - EkU / SCHEDULE 4 - BORROWINGS


pUi q EkU / BORROWINGS IN INDIA
I.
i. pUir Ueu oM / i. RESERVE BANK OF INDIA
ii. Alr oM / ii. OTHER BANKS
iii. Alr xxjL ij Lexr / iii. OTHER INSTITUTIONS AND AGENCIES
iv. Amipi miSr oQ / iv. UNSECURED REDEEMABLE BONDS
(ADmQAD AU ah Gh) / (IPDI AND SUB-ORDINATED DEBT)
eQ / Total
II.

pUi M oWU EkU / BORROWINGS OUTSIDE INDIA


i. Alr oM / i. OTHER BANKS
ii. Amipi miSr oQ / ii. UNSECURED REDEEMABLE BONDS
(ah Gh) (SUB-ORDINATED DEBT)
eQ / Total
eQ / Total

136

rj 31 qc, 2014 M isl m M Az ollus Alxcr

SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH 2014

Alxc 5 - Alr SriL AU mukl / SCHEDULE 5 - OTHER LIABILITIES & PROVISIONS


I. Sr os / I. BILLS PAYABLE
II. AiU Mrsr xqrel (lus) / II. INTER OFFICE ADJUSTMENT (NET)
III. Emci ore / III. INTEREST ACCRUED
IV. Axjai MU SriL / IV. DEFERRED TAX LIABILITY
V. Alr (mukl xWi) / V. OTHERS (INCLUDING PROVISIONS)
eQ / TOTAL
Alxc 6 - pUir Ueu oM q lMS AU zw /
SCHEDULE 6 - CASH AND BALANCES WITH RESERVE BANK OF INDIA
I. UMQ zw / I. CASH IN HAND
(uSz qS lO xWi) / (INCLUDING FOREIGN CURRENCY NOTES)
II pUir Ueu oM q zw / BALANCES WITH RESERVE BANK OF INDIA
cs Zi q / IN CURRENT ACCOUNT
Alr Zi q / IN OTHER ACCOUNTS
eQ / TOTAL
eQ / TOTAL
Alxc 7 - oM q zw ij qa AU Asmxcl mU kl /
SCHEDULE 7 - BALANCES WITH BANKS AND MONEY AT CALL AND SHORT
NOTICE
I. pUi q / I. IN INDIA
i. oM q zw / i. BALANCE WITH BANKS
M . cs Zi q / a. IN CURRENT ACCOUNTS
Z. Alr eq Zi q / b. IN OTHER DEPOSIT ACCOUNTS
eQ / TOTAL
ii. qa AU Asm xcl mU kl / ii. MONEY AT CALL AND SHORT NOTICE
M. oM q / a. WITH BANKS
Z. Alr xxjA q / b. WITH OTHER INSTITUTIONS
eQ / TOTAL
eQ / TOTAL
II. pUi x oWU / II. OUTSIDE INDIA
i. cs Zi q / i. IN CURRENT ACCOUNTS
ii. Alr eq Zi q / ii. IN OTHER DEPOSIT ACCOUNTS
iii. qa AU Asm xcl mU kl / iii. MONEY AT CALL AND SHORT NOTICE
eQ / TOTAL
eQ / TOTAL

137

rj 31.03.2014 M
As at 31.03.2014
(` 000)

rj 31.03.2013 M
As at 31.03.2013
(` 000)

1174 10 14
218 47 77
1471 13 36
1760 50 00
9724 07 36

1057 20 00
42 85 26
1152 83 78
326 97 00
8745 59 42

14348 28 63

11325 45 46

1140 51 29

1128 79 19

21013 26 79
21013 26 79
22153 78 08

14277 13 84
14277 13 84
15405 93 03

163 07 73
163 07 73

1592 43 73
1592 43 73

163 07 73

860 00 00
4307 62 91
5167 62 91
6760 06 64

5406 24 25
15104 44 91
2001 16 10
22511 85 26
22674 92 99

4467 17 58
7288 96 91
792 56 10
12548 70 59
19308 77 23

rj 31 qc, 2014 M isl m M Az ollus Alxcr

SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH 2014


rj 31.03.2014 M
As at 31.03.2014
(` 000)
Alxc 8 - luz / SCHEDULE 8 - INVESTMENTS
pUi q luz: xMs
I.
INVESTMENTS IN INDIA: GROSS
I.
bOr: qsrx u Ll m AD M sL mukl LESS:
PROVISION FOR DEPRECIATION AND NPI
pUi q lus luz / NET INVESTMENT IN INDIA
xUMU mipir /
i.
GOVERNMENT SECURITIES
i.
ii. Alr AlqSi mipir /
ii. OTHER APPROVED SECURITIES
iii zrU /
iii SHARES
iv. QocU AU ohQ /
iv. DEBENTURES AND BONDS
Alwar AU/r xr Eq /
v.
SUBSIDIARIES AND/OR JOINT VENTURES
v.
vi. Alr /
vi. OTHERS
eQ / Total
mUmYui M sL kUi / HELD TO MATURITY
o M sL Emsok / AVAILABLE FOR SALE
urmU M sL kUi / HELD FOR TRADING
eQ / Total
II. pUi M oWU luz- xMs /
INVESTMENTS OUTSIDE INDIA - GROSS
bOr: qsrx u Ll m AD MsL mukl /
LESS: PROVISION FOR DEPRECIATION
pUi M oWU lus luz /
NET INVESTMENTS OUTSIDE INDIA
i.
xUMU mipir / GOVERNMENT SECURITIES
(xjlr mkMUh xWi) /
INCLUDING LOCAL AUTHORITIES)
ii. Alwar AU/ r xr Eq /
SUBSIDIARIES AND/OR JOINT VENTURES
iii. Alr luz / OTHER INVESTMENTS
eQ / Total
mUmYui M sL kUi / HELD TO MATURITY
o M Emsok / AVAILABLE FOR SALE
urmU M sL kUi / HELD FOR TRADING
eQ / Total
eQ / Total

rj 31.03.2013 M
As at 31.03.2013
(` 000)

1267796535

120666 58 84

8058571
1259737964

121 92 61
120544 66 23

1075928259

101991 77 45

14987

1 49 87

15491409

1557 76 73

84079482

3375 58 34

6659972

672 97 36

77563855
1259737964

12945 06 48
120544 66 23

852421228
405748013
1568723
1259737964

726991465
471048148
7407010
1205446623
8965168

683 95 49

420582

95 78 69

8544586

588 16 80

--

--

732211
7812375
8544586

36 57 20
551 59 60
588 16 80

777934
7766652
-8544586

75 37 36
512 79 44
-588 16 80
126828 25 50

138

121132 83 03

rj 31 qc, 2014 M isl m M Az ollus Alxcr

SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH 2014


rj 31.03.2014 M
As at 31.03.2014
(` 000)

rj 31.03.2013 M
As at 31.03.2013
(` 000)

10172 54 20

7054 16 53

ii. UMQ EkU, AuU QnO AU qa mU Gh M cMi /


ii. CASH CREDITS, OVERDRAFTS AND LOANS REPAYABLE ON DEMAND

117083 79 43

95656 00 61

iii. qrS Gh / iii. TERM LOANS

173811 14 25

139466 45 32

eQ / Total

301067 47 88

242176 62 46

242130 83 43

191224 74 05

9933 90 69

8793 07 00

49002 73 76

42158 81 41

301067 47 88

242176 62 46

i. mjqMi / i. PRIORITY SECTOR

96652 16 40

82048 77 57

ii. xuelM / ii. PUBLIC SECTOR

31777 93 93

29096 02 86

37 75 12

14 75 78

iv. Alr / iv. OTHERS

153375 62 85

115980 50 16

eQ / Total

281843 48 30

227140 06 37

i. oM x Sr / i. BILLS PURCHASED AND DISCOUNTED

1507 34 83

271 40 13

ii. Alr x Sr / ii. TERM / SYNDICATED LOANS

8444 87 26

5087 97 80

iii. Alr / c . OTHERS

9271 77 49

9677 18 16

eQ / Total

19223 99 58

15036 56 09

eQ / Total

301067 47 88

242176 62 46

Alxc 9 - Aaq / SCHEDULE 9 - ADVANCES


M. i.
M

ZUS ar ij o mU plL ar os /
A. i. BILLS PURCHASED & DISCOUNTED

Z. i. qi Axir U mipi / B. i. SECURED BY TANGIBLE ASSETS


(oW Gh xWi / INCLUDING BOOK DEBTS)
ii. oM/ xUMU aUOr U muUi /
ii. COVERED BY BANK / GOVT. GUARANTEES
iii. Amipi / iii. UNSECURED
eQ / Total
a. I.
a

pUi q Aaq / C. I. ADVANCES IN INDIA

iii. oM / iii. BANKS

II.

pUi x oWU Aaq / II. ADVANCES OUTSIDE INDIA


MUh Alr M isl q oM x) (DUE FROM OTHER THAN BANKS)
(MUh

139

rj 31 qc, 2014 M isl m M Az ollus Alxcr

SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH 2014


rj 31.03.2014 M
As at 31.03.2014
(` 000)
Alxc 10
10- Acs Axir / SCHEDULE 10 - FIXED ASSETS
I.
mUxU / I. PREMISES
sai mU / ij mNs isl m M AlxU
qsrMl / AT COST / VALUATION AS PER LAST
BALANCE SHEET
uw M SUl mUukl /ADDITIONS DURING THE YEAR
uw M SUl mlqsrMl /
REVALUATIONS MADE DURING THE YEAR
uw M SUl MOir / DEDUCTIONS DURING THE YEAR
Ail qsrx / DEPRECIATION TO DATE

rj 31.03.2013 M
As at 31.03.2013
(` 000)

2919 01 71

2901 28 96

104 68 51
3023 70 22

17 83 43
2919 12 39

3569 47 57
6593 17 79
182 80
6591 34 99
594 69 99

-2919 12 39
10 68
2919 01 71
481 72 74
5996 65 00

II.

Alr Acs Axir / II. OTHER FIXED ASSETS


(TlcU AU eQlU xWi /
INCLUDING FURNITURE & FIXTURES)
mNs islm M AlxU sai mU /
AT COST AS PER LAST BALANCE SHEET
uw M SUl mUukl /
ADDITIONS DURING THE YEAR
uw M SUl MOir / DEDUCTIONS DURING THE YEAR
Ail qsrx

/ DEPRECIATION TO DATE

2437 28 97

1996 36 77

1875 94 35

442 46 81
2438 83 58
53 01 91
2385 81 67
1743 09 44

211 47 97
2087 42 32
91 05 55
1996 36 77
1573 12 90
642 72 23

III.

mai Axir / III. LEASED ASSETS


mNs islm M AlxU sai mU /
AT COST AS PER LAST BALANCE SHEET
uw M SUl mUukl / ADDITIONS DURING THE YEAR

81 14 04
-81 14 04
5 87 20
75 26 84
69 76 11
5 50 73

uw M SUl MOir / DEDUCTIONS DURING THE YEAR


Ail qsrx

/ DEPRECIATION TO DATE

bOL: mSU Aiq xqrel sZ


LESS: LEASE TERMINAL ADJUSTMENT ACCOUNT

81 14 04
-81 14 04
-81 14 04
74 28 49
6 85 55

3 31 73

4 66 55
2 19 00
6641 56 23

eQ (I, II AU III) / Total (I, II and III)

140

423 23 87

2 19 00
2862 71 84

rj 31 qc, 2014 M isl m M Az ollus Alxcr

SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH 2014


rj 31.03.2014 M
As at 31.03.2014
(` 000)

rj 31.03.2013 M
As at 31.03.2013
(` 000)

Alxc 11 - Alr Axir / SCHEDULE 11 - OTHER ASSETS


I.

Emci ore / I. INTEREST ACCRUED

4153 25 62

3341 94 25

II.

Aaq m q mS MU/ xi mU MU MOi (lus)/


II. TAX PAID IN ADVANCE/TAX DEDUCTED AT
SOURCE (NET)

4038 94 36

2424 26 89

1168 35

6 63 80

III.

sZl xqa u xOqm / III. STATIONERY AND STAMPS

IV.

Su M xi q mmi M aD aU oMa Axir / IV.


NON BANKING ASSETS ACQUIRED IN
SATISFACTION OF CLAIMS

V.

Alr / V. OTHERS

33 09

33 09

4351 63 33

5682 55 24

12555 84 75

11455 73 27

80 15 15 49

4737 86 41

Azi: mS luz Wi SriL / LIABILITY FOR


PARTLY PAID INVESTMENTS

25 36 00

--

oMr urS ulqr xuSA M MUh SriL /


LIABILITY ON ACCOUNT OF OUTSTANDING
FORWARD EXCHANGE CONTRACTS

158715 01 00

196249 12 20

eQ / TOTAL
Alxc 12 - AMxqM SriL /
SCHEDULE 12 - CONTINGENT LIABILITIES
I.

II.
III.

IV.

oM M u Su elW Gh M m q xuMU lW Mr
ar W / CLAIMS AGAINST THE BANK NOT
ACKNOWLEDGED AS DEBTS

xbOM M AU x S aD aUOr /
GUARANTEES GIVEN ON BEHALF OF CONSTITUENTS
M. pUi q / a. IN INDIA

35822 84 52

23457 79 30

44 98 42

39 40 68

Z. pUi x oWU / b. OUTSIDE INDIA


V.

xuMir, mMl AU Alr okriL /


ACCEPTANCES, ENDORSEMENTS AND
OTHER OBLIGATIONS

VI.

Alr qS elM sL oM xqi m x


EUSr W / OTHER ITEMS FOR WHICH THE BANK
IS CONTINGENTLY LIABLE
M. ml: plL ar ulqr os /
a. BILLS OF EXCHANGE REDISCOUNTED
Z. Alr / b. OTHERS

35867 82 94

23497 19 98

19813 70 43

24657 21 61

--

--

614 39 12

566 14 49

eQ / TOTAL

141

614 39 12

566 14 49

223051 44 98

249707 54 69

rj 31 qc, 2014 M sp u Wl Zi M Av oll us Alxcr


SCHEDULES FORMING PART OF THE PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31ST MARCH 2014
rj 31.03.2014 M
As at 31.03.2014
(` 000)

rj 31.03.2013 M
As at 31.03.2013
(` 000)

Alxc 13 - Aei ore / SCHEDULE 13 - INTEREST EARNED


I.

Aaq/os mU ore / MOi / I. INTEREST /


DISCOUNT ON ADVANCES / BILLS

III.

luz mU Ar / II. INCOME ON INVESTMENTS


pUir Ueu oM q zwUz AU AiU oM lkr mU
ore / III. INTEREST ON BALANCES WITH RBI AND
OTHER INTER BANK FUNDS

IV.

Alr / IV. OTHERS

II.

eQ / TOTAL

28457 32 65

24379 90 78

10251 07 96

9112 42 43

730 81 88

585 22 53

108 38 69

37 76

39547 61 18

34077 93 50

939 83 01

798 14 42

Alxc 14 - Alr Ar / SCHEDULE 14 - OTHER INCOME


I.
II.

Mqzl, ulqr, AU Sss / I. COMMISSION,


EXCHANGE AND BROKERAGE
luv M ur mU sp/ II. PROFIT ON SALE OF
INVESTMENTS
sp / PROFIT

681 51 88

bOL : Wl / LESS : LOSS


III.

682 44 38

17 81 76

663 70 12

670 05

675 74 33

160 74 51

(160 74 51)

15 05 85

(15 05 85)

110 10

1 49 44

luv M mlqsrMl mU sp / III. LOSS ON


REVALUATION OF INVESTMENTS
sp / PROFIT

IV.

V.

bOL : Wl / LESS : LOSS


pq/ pul AU Alr Axir M ur mU sp /
IV. PROFIT ON SALE OF LAND/BUILDINGS AND
OTHER ASSETS
sp / PROFIT

2 76 58

bOL : Wl / LESS : LOSS


ulqr sl-Sl mU sp /
V. PROFIT ON EXCHANGE TRANSACTIONS

1 66 48

sp / PROFIT
VI.

VII.

2 41 50

669 72 92

bOL : Wl / LESS : LOSS


uSz/ pUi q xjmi Alwar/MmlrAU r xr
Eq x spz AS U Aei Ar /
VI. INCOME EARNED BY WAY OF DIVIDEND ETC.
FROM SUBSIDIARIES/COMPANIES AND/OR
JOINT VENTURES ABROAD/IN INDIA

92 06

483 05 11
669 72 92

18 61 94

464 43 17

70 25 29

56 57 29

uuk Ar / VII. MISCELLANEOUS INCOME

1748 88 69

1172 25 36

eQ / TOTAL

3932 75 62

3153 00 78

142

rj 31 qc, 2014 M sp u Wl Zi M Av oll us Alxcr


SCHEDULES FORMING PART OF THE PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31ST MARCH 2014
rj 31.03.2014 M
As at 31.03.2014
(` 000)

rj 31.03.2013 M
As at 31.03.2013
(` 000)

28657 80 32

25250 27 02

698 14 23

163 25 71

1247 21 99

785 41 60

30603 16 54

26198 94 33

3672 38 11

3253 56 36

546 80 97

466 12 18

Alxc 15 - urr Mr ar ore


SCHEDULE 15 - INTEREST EXPENDED
I.

eq mU ore / I. INTEREST ON DEPOSITS

II.

pUir Ueu oM/ AiU oM EkU mU ore


II. INTEREST ON RESERVE BANK OF INDIA/
INTERBANK BORROWINGS

III.

Alr (OrU I ij OrU II ohQ ore xWi) /


OTHERS ( INCLUDING TIER I & TIER II BOND INTEREST)
eQ / TOTAL

Alxc 16 - mUcsl urr


SCHEDULE 16 - OPERATING EXPENSES
I.

MqcUr M pail AU ElM sL mukl /


I. PAYMENTS TO AND PROVISIONS FOR EMPLOYEES

II.

MUr, MU, Uzl / II. RENT, TAXES, LIGHTING

III.

qSh u sZl xqa / III. PRINTING AND STATIONERY

41 72 81

30 60 09

IV.

uml u mcU / IV. ADVERTISEMENT AND PUBLICITY

66 16 23

33 71 35

V.

oM M xm mU qsrx (mlqsrMl AUi lkr x AiUh M oS M


lus) V. DEPRECIATION ON BANKS PROPERTY
(NET OF TRANSFER FROM REVALUATION RESERVE)

228 46 57

189 68 53

1 43 64

96 36

VI.

lSzM M zsM, p AU urr / VI. DIRECTORS FEES, ALLOWANCES


AND EXPENSES

VII.

sZ mUM M zsM AU urr (zZ sZ mUM xWi) /


VII. AUDITORS FEES AND EXPENSES (INCLUDES
FOR BRANCH AUDITORS)

47 13 92

32 69 27

VIII.

uk mpU / VIII. LAW CHARGES

23 46 52

23 95 32

IX.

QM, iU, OsTl AS /


IX. POSTAGE, TELEGRAMS, TELEPHONES ETC.

46 04 39

38 02 13

X.

qUqqi AU AlUh / X. REPAIRS AND MAINTENANCE

181 16 74

152 31 69

XI.

oq / XI. INSURANCE

299 80 89

276 63 68

XII.

Alr urr / XII. OTHER EXPENDITURE

926 40 24

643 72 03

6081 01 03

5141 98 99

eQ / TOTAL

143

Alxc- 17

SCHEDULE 17

ur uuUh M irU MUl q AmlD aD qWiumh


sZMl lir

SIGNIFICANT ACCOUNTING POLICIES ADOPTED


IN PREPARING FINANCIAL STATEMENTS

[1](M)
(M) sZMl M mUmU:
LiWxM sai mUmU M Aiai sZA M irU Mr
ar W ij r Alrj xci M NQMU xukM mukl
u uql mhsr M Alm W|

[1](a) Basis of Preparation:


The accounts are prepared under the historical
cost convention and conform to the statutory
provisions and prevailing practices, except as
otherwise stated.

(Z) Alql M Emra:


xqMi ur uuUh M irU M sL mokl i M
Axir, SriA, urr, Ar ij AMxqM SriA
M mMOl M mpui MUlus Uz M xok q ur
uuUh M iUZ M Alql ij kUhA M oll
M AuzrMi W | mokl M qll W M r Alql u
kUhL Eci u uuMmh W | ijm, uxiuM mUhq
Alql x Asa W xMi W | sZMl Alql q Mx
xzkl M uiql ij puwr q qlri Sr eLa |

(b) Use of Estimates:


The preparation
of financial
statements
requires the management to make estimates
and assumptions that affect the reported
amount of assets, liabilities, expenses, income
and disclosure of contingent liabilities as at the
date of the financial statements. Management
believes that these estimates and assumptions
are reasonable and prudent. However, actual
results could differ from estimates. Any
revision to accounting estimates is recognized
prospectively in current and future periods.

[2]

uSz qS AiUh / uSz qS xmUuil

2.1

uSz qS sl-Sl M MsmlM SU mU mUpM qlri


SMU ApsZi Mr ar W | rj isl m M iUZ
M uSz qS qSM qS M xqml SU mU ApsZi
Mr ar W |

2.2

uSz zZ M xok q slSl Lu zw M Ap

[2]

Foreign Currency Translation / Conversion of


Foreign Currencies

2.1

Foreign currency transactions are recorded on


initial recognition at the notional rate. As at the
Balance Sheet date, foreign currency monetary
items are reported at closing rates.

2.2

Transactions and balances of foreign branches


are classified as non-integral foreign operations.
Such transactions and balances are consolidated
by the bank on quarterly basis. Assets and
Liabilities (both monetary and non monetary as
well as contingent liabilities) are translated at
the closing spot rate of exchange announced by
Foreign Exchange Dealers Association of India
(FEDAI) as at the end of each quarter and Income
and Expenditure items of the foreign branches are
translated at the quarterly average rate published
by FEDAI in accordance with Accounting Standard
(AS) 11 - The effect of Changes in Foreign
Exchange rates issued by the Institute of
Chartered Accountants of India (ICAI) and as
per the guidelines of Reserve Bank of India (RBI)
regarding the compliance of the said standard.
The resultant exchange gain/loss is credited/
debited to Foreign Currency Translation Reserve.

2.2

Income and Expenditure items are accounted


for at the exchange rates prevailing on the date
of transactions.

uSz mUcsl M m q uaMi Mr ar W | Lx


sl-Sl ij zw Uz M oM U iqW AkU mU
xqMi Mr ar W | mUxmr Lu SriA (Sl
qSM u aU-qSM ij AMxqM SriL) M AiUh
pUir xlS sZMU xxjl M sZMl qlM 11"uSz ulqr SU mU mUuil M mpu" M Alm Lu
pUir Ueu oM M lSz M AlxU, mirM iqW
M Ai q TQD U bwi Aiq WeU ulqr SU
mU Mr ei W AU uSz zZA M Ar Lu urr
qS M TQD U mMzi iqW Axi xqml SU
mU AiUi Mr ei W | mUhqxum Wlus ulqr
sp / Wl M, uSz qS AiUh mUi q eq / lq
Mr eLa |
2.2

slSl M iUZ M uql ulqr SU mU Ar u urr


qS M Wxo q sr ar W |

144

2.3

urS ulqr xuSL:


xp urS ulqr xuSA M mUp q Eim Wlus
mqrq r QxMEO M urr r xuS mU Wlus Ar
M m q mUzki Mr ar W | urS ulqr xuSA
M AmUzki mqrq r pll xWi AxqrM UMUh
mU Wlus sp / Wl, rS W i, UMUh iUZ mU
qlri S aD | urS xuSA mU ulqr AiU M
UmOa Auk, eW ulqr SU mUuii WL W, mU sp
u Wl Zi q qlri S aD |

2.3

Forward Exchange Contracts


Premium or discount arising at the inception of
all forward exchange contracts are amortized as
expense or income over the life of the contract.
Profit/Losses arising on cancellation of forward
exchange contracts, together with unamortized
premium or discount, if any, is recognized on
the date of cancellation. Exchange differences
on forward contracts are recognized in the Profit
& Loss account in the reporting period in which
the exchange rates change.

2.4

oMr urS ulqr xuSA, aUOr, xuMir,


mMl ij Alr okriA M xok q AMxqM
SriA M mUMsl Aiq TQD SU M AlxU isl
m q Mr ar W|

2.4

Contingent liability in respect of outstanding


forward
exchange
contracts,
guarantees,
acceptances, endorsements and other obligations
are stated in the balance sheet at the closing
rates announced by FEDAI.

[3]

luz

[3]

Investments

3.1

luz M xuaMUh pUir Ueu oM M SzlSz M


AlxU Mr ar W | oM M xmh luz xupa il
xua q upei Mr ar W, ex mUmYui M sL
kUi, o M sL kUi AU urmU M sL kUi
ex mipir M ApaWh M xqr mU lkUi Mr
ar W | LM xua x SxU xua q zrU M AiUh, rS
MD W i Lx AiUh, Ai Mq ApaWh sai / oW
qsr / Ex Sl M oeU qsr mU Mr ei W AU ux
AiUh M sL qsrx M, rS W, xmh mukl Mr
ei W |

3.1.

Classification of investments is made as per


the guidelines of the RBI. The entire investment
portfolio of the bank is classified under three
categories viz. Held to Maturity, Available for sale
and Held for Trading, which is decided at the time
of acquisition of securities. Transfer of scrips, if
any, from one category to another is done at the
lowest of acquisition cost/book value/market value
on the date of transfer and the depreciation, if
any, on such transfer is fully provided for.
Investments are disclosed in the Balance Sheet
under six classifications viz: (a) Government
securities (b) Other approved securities (c) Shares
(d) Debentures & Bonds (e) Subsidiaries and Joint
Ventures & Associates and (f) Others.

luz M N: xua q mMO Mr ei W ex (M)


xUMU mipir (Z) Alr AlqSi mipir (a) zrU
(b) QocU AU oQ (X) Alwar ij xr Eq u
xWrar AU (c) Alr
3.2

luz M qsrMl pUir Ueu oM U eU ML aL


SzlSz M AlxU Mr ei W e rjlxU W:

M)

mUmYui M sL kUi
Auk xqmi Wi kUi xua M Aiai luz mU
ApaWh sai, lus mizkl, AaU MD W i ExM
AkU mU Mr el W | AMi qsr x rS MD AkM
ApaWh sai W i Ex zw Auk q mUzki Mr
ei W |

3.2.

The valuation of Investments is done in accordance


with the guidelines issued by the RBI as under:

a)

HELD TO MATURITY
Investments under Held to Maturity category are
carried at acquisition cost, net of amortisation, if
any. The excess of acquisition cost, if any, over the
face value is amortized over the remaining period
of maturity.

Alwar AU xr Eq M luz M UZu sai mU


qsrMi Mr ei W | qsr q MD p xjr x W
i ExM mhi: mukl Mr ei W |

Investments in Subsidiaries and Joint Ventures


& Associates are valued at carrying cost. Any
diminution in the value other than temporary in
nature is fully provided for.

r aqh oM AU Alr lrx zrU q luz M


sai mU UZ ei W |

Investment in sponsored Regional Rural Banks


(RRB) and other Trustee Shares are carried at cost.

145

ucU me lkr (uxLT) q SlM 23.08.2006 M


oS M aD luz M il uw M AUpM Auk M sL
LcOLq h M iWi uaMi Mr ei W ij sai mU
qsrl Mr ei W |

Investment in units of Venture Capital Funds


(VCFs) made after 23.08.2006 are classified under
HTM category for initial period of three years and
valued at cost.
Profit on sale of Investments in this category
is first taken to the Profit and Loss Account
and thereafter appropriated to the Capital Reserve
Account net of taxes and Statutory Reserve. No
amortisation is effected for securities sold during
the year. Loss on sale is recognized in the Profit and
Loss Account.

Cx h q luz M ur mU sp M mWs sp u
Wl Zi q sr ar W AU ExM oS me mUi
sZ lus MU AU xukM mUi q ulrei Mr
ar W | uw M SUl oc aD mipir M sL MD
mUzkl lW Mr ar | ur q Wl M sp u Wl
Zi q qlri S aD |
Z)

b)

o M sL Emsok
Cx xua M iWi mirM mipi oeU M sL
AMi W |

AVAILABLE FOR SALE


The individual securities under Available for Sale
category are marked to market.

MSr xUMU M mipir M li Ar qS oeU


AU pUir urim (QUuOu) xb (LTADLqLqQL)
U bwi qsr M AlxU qsrMi Mr ei W|

Central Government Securities and State


Government Securities are valued at market
prices as per prices declared by Fixed Income
Money Market and Derivatives Association of
India (FIMMDA).

Alr AlqSi mipir M qsrMl, LT AD Lq Lq


Q L U lkUi uD O Lq mi M AlxU Aji
xql Auk xqmi us MS xUMU mipir M
EimS mU 25 AkU olS x AkM AMi MUl M eUL
Mr ei W |

Other approved securities are valued by applying


the YTM method by marking it up by 25 basis
points above the yields of Central Government
securities of equivalent maturity put out by
FIMMDA.
Non SLR securities such as Debentures / Bonds
(other than Debentures / Bonds which are in the
nature of advance) are valued at market prices,
if available, and if not, are valued applying YTM
method by marking it up by additional basis points
based on credit rating above the yields of Central
Government Securities of equivalent maturity
as put out by FIMMDA and the methodology
suggested by FIMMDA.

aU LxLsAU mipir ex QocU / oQ (Aaq M


m q UWlus QocU / oQ M NQMU) M qsrMl,
rS Emsok W i oeU qsr mU Mr ei W r LT AD
Lq Lq Q L U lkUi uD O Lq mi M AlxU
Auk xqmi us MSr xUMU mipir M EimS mU
xZ M AkU mU AiU AkU AM M AMi MUl M
eUL Mr ei W |
Akql zrU M qsrMl uD O Lq SU / qcl qsr
mU Mr ei W |

Preference Shares are valued at lower of YTM rates


/ redemption values.

lS puus zrU M qsrMl oeU qsr mU Mr


ei W |

Quoted Shares are valued at market prices.

AlS puus zrU M qsrMl Ail islm, e


M mNs LM uw x mUl l W, x i uzswi qsr
mU Mr ei W, Alrj zrU M `1/- mi Mml M
AkU mU qsrMl Mr ei W |

Unquoted Shares are valued at break up value


ascertained from the latest Balance Sheet
not earlier than one year or otherwise at `1/per Company.

Mw os, uherM Maei ij eq mqhm M


UZu sai mU qsrMi Mr ei W |

Treasury Bills, Commercial Papers and certificates


of deposits are valued at carrying cost.

qrcAs TQ CMCr M qsrMl quU oeU SU r


ml:ZUS qsr r lus mUxm qsr M Emsoki M
AkU mU Mr ei W |

Units of Mutual Funds are valued at market


rate or repurchase price or net asset value
in that order depending on their availability.

146

ucU me lkr (uxLT) q SlM 23.08.2006 M


oS M aD luz M il uw M AUpM Auk M sL
LcOLq h M iWi uaMi Mr ei W ij sai
mU qsrl Mr ei W | xuiUh x il uw M Auk
M mi CxM LLTLx q AiUi MUM pUir Ueu
oM M SzlSz M AlxxU oeU M sL AMi Mr
ei W |

Units of Venture Capital Funds (VCFs) made after


23.08.2006 are classified under HTM category
for initial period of three years and valued at
cost. After period of three years from the date
of disbursement, it will be shifted to AFS and
marked-to-market as per RBI guidelines.
Securities are valued scrip wise and depreciation/
appreciation under each sub category is
aggregated.

mipir M qsrMl xmuU Mr ar W AU mirM


Em ua M Aiai qsr x / qsr u M LMMUh
Mr ar W |

Based on the above valuation, net appreciation if


any, in each sub category is ignored while the net
depreciation is fully provided for.

Emr qsrMl M AkU mU mirM xua M iWi lus


qsr u M lMU ei W eoM lus qsrx M sL
xmh mukl Mr ei W |
a)

urmU Wi kUi
mirM mipi M qsrMl pUir Ueu oM M
SzlSz M AlxU AukM iU mU oeU qsr mU
r LT AD Lq Lq Q L U bwi qsr mU Mr ei
W | Cx uaMUh M iWi mirM ua M xok q lus
qsrx Emsok Mr ei W AU lus qsru lMU
ei W |

c)

HELD FOR TRADING


The individual securities under Held for Trading
category are valued periodically as per RBI
guidelines, at market prices as available from
the trades / quotes or as per prices declared by
FIMMDA. In respect of each classification under
this category, net depreciation is provided for and
net appreciation is ignored.

3.3.

In determining the acquisition cost of investment:

3.3
M)

luz M ApaWh sai M lkUh


r M xqr mipir M xok q Sss, Mqzl AS
ex sai M sp-Wl Zi q mpUi Mr ei W |

a)

Cost such as brokerage, commission etc., relating


to securities at the time of purchase are charged
to Profit & Loss Account.

Z)

ApaWUh / lmOl M iUZ iM Gh mm mU ZQi


Auk ore M Uexu M m q ql ar W |

b)

a)

luz M sai pUi Axi sai mi M AkU


mU W |

Broken period interest on debt instruments up


to the date of acquisition / disposal is treated
as revenue.

c)

3.4

mipiMUh / mllqh Mml (mM / mM) M oM


U oc ar ur mUxmr M qqs q mM / mM
U eU mipi UxS M mipi UxS M miSr
qsr AU ur mUxm M lus oW qsr q x lql
xiU mU qsrMi Mr ei W | oWr q ClM luz
EmrlxU lkUi qsr mU Mr ar W AU rS MD
ur / uxs M ei W i luz q x bOr ei W
AU lus oW qsr Szr ei W |

Cost of investments is based on the weighted


average cost method.

3.4.

Security Receipts issued by Securitisation /


Reconstruction Company (SC/RC) in respect of
financial assets sold by the Bank to the SC/RC are
valued at the lower of the redemption value of
the Security Receipt and the Net Book Value of the
financial asset. The Investment is carried in the
books at the price determined as above and the
sale/realisation, if any, is reduced from investment
and the net book value is shown.

pUir Ueu oM U lkUi aU LxLsAU luz q


luz M sL sa qsr uaMUh AU Alr qlM, mM
/ mM U eU mipi UxS q oM M luz M sL
sa Mr ei W |
3.5

pUir Ueu oM U eU SzlSz M AlxU AleM


luz M (LlmAD) lc EssZi AlxU AplkUi
Mr ar W:

(M)

mipir / Akql zrU, eW ore / lkUi spz


/ Mxi (mUmYui mmir xWi) Sr W AU 90 Sl x
AkM Auk x AmS mQ W |

The valuation, classification and other norms


applicable to Investment in Non SLR securities
prescribed by RBI is applied to Banks investment
in Security Receipts issued by SC/RC.

147

3.5.

Non-Performing Investments (NPI) are identified


as stated below, as per the guidelines issued by RBI:

a)

Securities / Preference Shares where interest /


fixed dividend / instalment (including maturity
proceeds) is due and remains unpaid for more
than 90 days.

(Z)
(a)
3.6
M)
Z)

eW Ail isl m Emsok lW W Aju Mml M


lOuj lMUiqM W uW mi Mml `1/- qsr mU DYuO
zrU M qsrMi Mr ei W |
rS eUMi U oM x s aD Gh xuk q MD
AleM Aaq W i Ex eUMi U Alr mipir q
luz M p AleM luz ql eL |

b)

Equity Shares valued at Re.1 per company,


where the latest Balance Sheet is not available or
the Net worth of the Company is negative.
c)
If any credit facility availed by the issuer
from the Bank is a non performing advance,
investment in any of the securities issued by the
same issuer is also treated as NPI.
3.6. Accounting for Repo/Reverse Repo and Liquidity
Adjustment Facility (LAF)
a)
The securities purchased/sold with an agreement
to repurchase on the agreed terms under Repo
/ Reverse Repo (other than LAF) are accounted as
borrowing/lending.
b)
The securities purchased/sold under LAF with RBI
are debited/credited to Investment account and
reversed on maturity.

Um / mi Um M sZMl u cslk xqrel xuk


(LsLLT)
Um / mi Um M iWi xWqi zi mU LM MUU M xj
ZUS / oc aD mipir (LsLLT M Asu) M
ml:ZUS M EkU M m q sZMi Mr eLa|
LsLLT M iWi pUir Ueu oM x ZUS / oc aD
mipir M luz Zi q lq / eq Mr ei W AU
mUmYui q ExM umx Mr ei W|

urim xuSL
oM ore SU ASs-oSs AU qS urimr q uruWU
MUi W | oM U uruWU Mr e UW ore SU urimr
mr ore SU ASs-oSs, mUxmU slSl M qS
ore SU ASs-oSs AU urS SU MUU W | oM U
uruWU M e UW qS urimr uMsm AU qS ASsoSs W |
pUir Ueu oM M SzlSz M AkU mU
M)
urmU M sL mra M elus urimr oeU M sL
AMi M ar W AU lus qsrx M mWcl M aD
W ij lus qsru M lMU ar W |
[4]

Z)

[4]

Based on RBI guidelines


a.
Derivatives used for trading are marked to
market and net depreciation is recognized while
net appreciation is ignored.
b.
Derivatives used for hedging are
i. marked to market in case where the underlying
Assets / Liabilities are marked to market.
ii. Income / Expenditure is accounted on accrual
basis for Hedging swaps.
[5]
Advances
5.1
Advances are classified as performing and
non-performing assets in accordance with the
prudential norms issued by RBI.
5.2
Advances are classified into Standard, Sub
Standard, Doubtful and Loss assets borrower wise.
5.3 Provisions for domestic advances are made for
performing / non - performing advances in
accordance with the RBI Guidelines.
5.4
Provisions for performing / non-performing
advances with foreign branches are made
as per local regulations / regulations of host
country according to the norms prescribed by RBI,
whichever is more stringent.
5.5
Advances stated in the Balance Sheet are net
of provisions made for Non Performing Assets,
claims received from Credit Guarantee Institutions
and rediscount.

miU M sL Emra q sr e UW urimr Cx


mMU W
i. oeU M sL AMi M ei W, eW AkUpi
Axir / SriL oeU M sL AMi M ar W |
ii. miU ASs-oSs M sL Emci AkU mU Ar /
urr M sZ Mr ar|

[5] Aaq
5.1
Aaq M AeM AU AleM Axir M m q
xuaMi Mr ar W AU pUir Ueu oM U lkUi
uuMmh qlSQ M AlxU mukl ML aL W |
5.2

Aaq M EkUMiuU qlM, AuqlM, xSak ij Wl


Axi M m q xuaMi Mr ar W |

5.3

AeM / AleM Aaq M sL pUir Ueu oM


SzlSz M AlxU bUs Aaq Wi mukl ML aL
W|

5.4

uSz zZA M AeM / AleM Aaq M sL


mukl xjlr ulrq / Ex Sz M lrq, e p
AkM MQ W, pUir Ueu oM U lkUilxU ML
aL W|

5.5

isl m q oiL aL Aaq AleM Axir M sL ML


aL mukl M lus W, QO aUO xxjl x mmi
Su AU plL aL|

5.6

AleM Aaq q ML aL AzM uxsr M


xqrel M mjqi: mpU u ore, iimi xqfi

Derivative contracts
The Bank deals in Interest Rate Swaps and
Currency Derivatives. The Interest Rate Derivatives
dealt by the Bank are Rupee Interest Rate Swaps,
Cross Currency Interest Rate Swaps and Forward
Rate Agreements. Currency Derivatives dealt by
the Bank are Options and Currency Swaps.

5.6

148

Partial recoveries in Non Performing Advances are


apportioned first towards charges and interest,

lmOl / Msii Gh M qs kl M mi Mr
ei W | uxsr M mjqi: qs kl M xj xqrei
Mr ei W |
5.7

thereafter towards principal with the exception of


non performing advances involving compromise
settlements / Loan Past Due advances, the
recoveries are first adjusted towards principal.

mipiMUh / mllqh Mml M oc ar ur


Axir M qqs q, qsrMl, Ar-lkUh pUir
Ueu oM M SzlSz M AlxU Mr ei W |

5.7

In case of financial assets sold to SC/RC,the


valuation, income recognition is being done as
per RBI guidelines.

(6) Acs mUxmr

(6)

Fixed Assets

6.1

6.1.

The premises of the Bank include freehold and


leasehold properties. Land and Buildings are
capitalised based on conveyance / letters of
allotment / agreement to lease, deposit made on
long term leasehold properties and / or physical
possession of the property.

6.2.

Premises and other Fixed Assets are stated


at historical cost except wherever revalued.
The appreciation on revaluation, if any, is
credited to the Revaluation Reserve Account.
Depreciation / Amortization attributable to the
enhanced value is transferred from Revaluation
Reserve to the credit of Depreciation in the
Profit and Loss Account

(7)

Depreciation

oM M mUxU q q pq AU mus pq xm
Sl zqs W | pq AU pul M meMUh WxiiUh
m / AoOl m / m MUUlq, Sbuk mus
xmr AU / r xm M piM kUh M AkU
mU Wi W |

6.2

eW mlqsrMl Mr ar W ElW NQMU mUxU AU


Alr Acs mUxmr M LiWxM sai mU oir
ar W | mlqsrMl mU qsr u, rS MD W i, Ex
mlqsrMl AUi lk' Zi q eq Mr ei W |
xuki qsr M MUh Wlus qsrx / mUzkl M
AiUh mlqsrMl AUi lk x sp u Wl Zi q
qsrx q eq Mr eLa |

(7)

qsrx

7.1

MmrOU M NQMU, Acs mUxmr M qsrxi


qsr mi M iWi iixok mUxm M Emrer eul
mU mUMsi qsr M AkU mU mokl U lkUi SU
M AlxU qsrx Mr ei W | pUir Ueu oM M
SzlSz M AlxU, MmrOU mU qsrx M xk
MOi mhs M AkU mU 33.33% mpUi MUi WL Mr
ei W |

7.1.

Fixed Assets excluding Computers are depreciated


under Written Down Value Method at the rates
determined by the management on the basis
of estimated useful life of the respective assets.
As per the guidelines of RBI, depreciation on
Computers including ATMs is charged at 33.33%
on Straight-Line Method.

7.2

mSD mUxU mU mS mqrq ExM mU mSD Auk


M sL mpUi Mr ei W |

7.2.

Premium paid on leasehold properties is charged


off over the lease period.

7.3

m mU S aD mUxmr mU qsrx M Mml Aklrq


1956 M Alxc XIV M AlxU, me uxs M
xqrei MUl M oS qsrx qsr mi M AlxU
mpUi Mr ei W |

7.3.

Depreciation on Assets given on Lease is charged


on Written Down Value Method as per Schedule
XIV to the Companies Act, 1956 after adjusting
Capital recovery.

7.4

Acs / mSD mUxm q xukl mU qsrx M


ApaWh iUZ M ahl ML oaU xmh uw M sL
mpUi Mr ar W | o / lmOl uw M SUl qsrx
M sL mukl lW Mr ar W |

7.4.

Depreciation on additions to fixed/leased assets


is charged for the full year irrespective of the
date of acquisition. No depreciation is provided
for in the year of sale/disposal.

149

(8)

Axir M Amrl

8.1

mirM isl m iUZ M Mx Axi M Amrl M


xMi W r lW M LM lkUh Mr ei W | rS MD
xMi mr ei W i uxs rar Uz M LM Alql
olr ei W ij rS MD Amrl W i, mukl Mr
ei W |

(9)

Uexu M mUMsl

(9)

Revenue Recognition

9.1

Ar u urr M sZMl xqlrir, lqlsZi M


NQMU, Emci AkU mU Mr ei W :

9.1.

Income and expenditure are generally accounted


on accrual basis, except the following:

M)

pUir Ueu oM U lkUi qlSQ M AlxU


AleM Aaq ij AleM luz mU ore M qlri
Sr ar W |

a)

Interest on Non-Performing advances and non


performing investments is recognized as per
norms laid down by Reserve Bank of India

Z)

AiSr os, Mqzl ( xUMU MUoU M Asu),


ulqr, Sss ij sMU MUr mU ore M ahl
uxs mU Mr ar W |

b)

Interest on overdue bills, Commission (other than


Government business), Exchange, Brokerage and
rent on lockers are accounted on realization.

a)

spz M ahl io Mr eLa eo ExM mmi MUl


M AkMU xjmi Mr ei W|

c)

Dividend is accounted when the right to receive the


same is established.

b)

qMSq SrU ML aL sZ M qqs q xoki ukM


ij Alr urr M sp-Wl Zi q mpUi Mr eLa
ij uxs mU ExM ahl Ar M m q M eLa |

d)

In case of suit filed accounts, related legal and


other expenses incurred are charged to Profit
& Loss Account and on recovery the same are
accounted as Income.

(10)

Employee Benefits

(10)
10.1

(8)

Impairment of Assets
An assessment is made at each balance sheet
date whether there is any indication that an
asset is impaired. If any such indication exists, an
estimate of the recoverable amount is made and
impairment loss, if any, is provided for.

MqcU sp
mUpwi AzSl relL
mUpwi AzSl relL ex puwr lk / mzl lk
M urr M m q qlri Sr ar W ij sp-Wl Zi
q mpUi Mr ar W |

10.1 Defined Contribution Plans


Defined Contribution Plans such as Provident /
Pension fund are recognized as an expense and
charged to Profit & Loss account.

10.2

mUpwi Wisp relL

10.2 Defined Benefit Plans

M)

EmSl: MqcU EmSl lk rel M lkrl oM U


Mr ei W exM mokl Asa lrx U Mr ei
W e SzlSz M AlxU ElM lk M mokl MUi
W | EmSl M iWi oM M okriA M uiql qsr M
rj uwi AkU mU ij rel xm M Eci qsr M
lus AkU mU okriA M qlri Sl M sL xMs
okriA x Mq Mr ar W |

Z)

mzl: MqcU mzl lk rel M lkrl oM U


Mr ei W exM mokl Asa lrx U Mr ei
W | mzl M iWi oM M okriA M uiql qsr M
rj uwi AkU mU ij rel xm M Eci qsr M

150

a)

Gratuity: The employee Gratuity Fund Scheme


is funded by the Bank and managed by a
separate trust who in turn manage their funds
as per guidelines. The present value of the Banks
obligations under Gratuity is recognized on the
basis as at an year end and the fair value of the
Plan assets is reduced from the gross obligations
to recognize the obligations on a net basis.

b)

Pension: The employee Pension Fund Scheme is


funded by the Bank and managed by a separate
trust. The present value of the Banks obligations
under Pension is recognized on the basis as at an

lus AkU mU okriA M qlri Sl M sL xMs

year end and the fair value of the Plan assets is


reduced from the gross obligations to recognize
the obligations on a net basis.

okriA x Mq Mr ar W |
a)

Gh mUzkl: oM M MqcUr M sL mzl uMsm Sl

c)

x Wlus Sri / urr M ij EmSl pail Aklrq,


1972 q xzkl M mi EmSl q Wlus xukl M
xql AkU mU ur uw 2010-11 x z Wlus uw
x mc uw M sL mUzki Mr ar W |
10.3 uzwkMU N M Sbuk sp ql ar W ij

Amortization: The additional liability/expenditure


arising consequent upon the reopening of
Pension Option to the employees of the bank
and enhancement in gratuity limit pursuant to
amendment to Payment of Gratuity Act, 1972 is
being amortized equally over a period of five years
beginning with the financial year 2010-11.

ei W |

10.3 The privilege leave is considered a long term


benefit and is recognized based on independent
acturial valuation on projected Unit credit
method at each Balance Sheet date.

(11)

MUkl M sL mukl

(11)

Provision for Taxation

M)

cs ij Axjai Sl MU M sL MU mukl Mr
ar W |

a)

Provision for tax is made for both Current and


Deferred Taxes.

Z)

xqr-Auk q AiU M MUh Eim Wlus upSM


MU Axir AU SriA e M oS M Aukr
M SUl miuil rar W M Aklrqi MU M SU
u lrq Aju oS q isl-m M iUZ mU Aklrqi
MU M SU u lrq M mra MUi WL qlri S ar W |

b)

a)

upSM MU Axir M qlri io iM lW S ei W


eo iM rW mU iUW x li lW W ei M mrmi
pu MUrar Ar Emsoki W era exM mi Lx
upSM MU Axir M qlri S era |

Deferred Tax assets and laibilites arising on


account of timing differences and which are
capable of reversal in subsequent periods are
recognized using the tax rates and laws that have
been enacted or substantively enacted as of the
balance sheet date.

c)

Deferred tax assets are not recognized unless


there is virtual certainty that sufficient future
taxable income will be available against which
such deferred tax assets will be recognized.

(12)

lus sp
sp

(12)

Net Profit

mirM isl m iUZ M Alqli CMD xZ mi


M xui oqMM qsrMl M AkU mU qlri Sr

12.1 mukl, AMxqM SriL AU AMxqM Axir


I.

12.1 Provisions, Contingent Liabilities and Contingent


Assets

pUir xlS sZMU xxjl U eU sZMl qlM


29 AMxqM SriA ij AMxqM Axir M sL

I.

In conformity with AS 29, Provisions, Contingent


Liabilities & Contingent Assets issued by the
Institute of Chartered Accountants Of India, the
bank recognized provision only when:

a)

it has a present obligation as a result of past


event.

b)

it is probable that an outflow of resources


embodying economic benefits will be required to
settle the obligation, and

c)

When a reliable estimate of the amount of the


obligation can be made.

mukl M AlxU oM U mukl M qlri Sr


ar, eo :M)

muui bOl M mUhq M m q uiql q MD


Sriu W

Z)

Ex Sriu M lpl M sL AjM sp r xi M


oWU muW W, AU

a)

eo Sriu Uz M Eci mUMsl Mr e xMi W |

151

II.

lqlsZi M sL MD mukl lW Sr ar

II.

No provision is recognized for

M)

mu M bOlA x Eim Wlus Mx xpui Sriu


AU exM Axiiu M m Mus LM r Exx AkM
Ali pu bOlA, eM mh m x oM (qs ) M
lrh M piU W, M bOl r l bOl mU W M eLa|

a)

Any possible obligation that arises from past


events and the existence of which will be confirmed
only by the occurrence or non occurrence of one or
more uncertain future events not wholly within
the control of the bank.

Z)

rW mirzi lW W M AjM Wi x xxqm xxkl


M oWaql Sriu M lmOl M sL AuzrM W Aju

b)

a)

Sriu M Uz M uxlr Alql sar lW e


xMi |

It is not probable that an outflow of resources


embodying economic benefits will be required
to settle the obligation or

c)

A reliable estimate of the amount of obligation


cannot be made.

Such obligations are recorded as Contingent Liabilities.


These are assessed at regular intervals and only that
part of the obligation for which the outflow of resources
embodying economic benefits is probable, is provided
for, except in the extremely rare circumstances where no
reliable estimate can be made.

Lx okriA M AMxqM SriA M m q ApsZi Mr


ar W | CxM lrqi AiUs mU lkUi Mr ei W ij
okri M Ex Wxx exM sL AjM sp r xi M oWU
muW xpu W, M sL mukl Sr ar W | eW mU uxlr
Alql olr lW e xMi, uW mukl lW Sr ar W |
III.

AMxqM Axir M ur uuUhr q qlri lW


Sr ar W|

III.

12.2

lus sp

12.2 Net Profit

Contingent Assets are not recognized in the


financial statements.

sp-Wl Zi q lus sp lqlsZi M mi W

The Net Profit in the Profit & Loss Account is after-

M)

luz mU qsrx M sL mukl

a)

Provision for depreciation on Investments.

Z)

MUkl M sL mukl

b)

Provision for Taxation.

a)

Gh Wlr M sL mukl

c)

Provision on loan losses

b)

qlM Axir M sL mukl

d)

Provision on Standard Assets.

X)

AleM luz M sL mukkl

c)

Alr xqlr u AluzrM qS

e)

Provision for Non Performing Investments.

f)

Other usual & unnecessary Items.

(13)

mi zrU Ael

(13)

Earning per share:

oM, sZMl qlM 20 M AlxU mi zrU M qs u


ilMi Ael M UmO MUi W | mi zrU qs Ael
M ahl MU mi lus sp M uw M SUl oML
DYuO zrU M pUi Axi xZr x upei MUM
Mr ei W |

The Bank reports basic and diluted Earnings Per


Share in accordance with AS 20. Basic Earnings
Per Share is computed by dividing the net profit
after tax by the weighted average number of
equity shares outstanding for the Year.

152

Alxc 18

SCHEDULE 18

Alxc 18- sZ xok Ommhr

SCHEDULE 18 - NOTES ON ACCOUNTS

luz:
i) rj 31.03.2014 M "mUmYui M sL kUi" ua M
iWi luz M mizi xukM iUsi Almi (Lx
Ls AU) oM M qa AU qrS Sri M 21.66%
j (mNs uw 21.29%), e pUir Ueu oM M
SzlSzlxU Alqi xq M piU W |

Investments:
i) The percentage of investments under Held to
Maturity category SLR as on 31.03.2014 was
21.66% of Demand and Time Liability of the
Bank (Previous year 21.29%), which is within the
permissible limit as per RBI guidelines.
ii) Investment in Subsidiaries/Joint Ventures/
Associates in India in Schedule-8 includes
`29.40 Crore (Previous year `29.40 Crore) being
advance towards share capital in Regional Rural
Banks pending allotment of shares.

ii) Alxc-8 q Alwar ij / r pUi M xr


Eq q luz q r aqh oM q zrU M AoOl
soi UWl M MUh zrU me M mi luz M aD
Aaq `29.40 MUQ (mNs uw `29.40 MUQ) p
xqWi Mr ar W |
2

AiU-zZ slSl:
31.03.2014 iM AiU-zZ slSl M Akl xqkl M
Ezr x mkl Mrsr q mmi mur M mUpM qsl
Mr ar W | oM mur M qsl MUl ij zw oMr
mu M bOl M Aml mrx M eU UZ UW W |

Inter-Branch Transactions:
The initial matching of entries received at Head
Office for the purpose of reconciliation under InterBranch transactions upto 31.03.2014 has been done.
However, Bank is continuing its efforts to reconcile
and reduce the remaining outstanding entries.

mUxU:
i) mUxU q `211.35 MUQ (mNs uw `223.27 MUQ) M
MN xmr zqs W elM xSp q oM M m q
AiUh usZ M lwmSl soi W|

Premises:
i) Premises include certain properties having
original cost of `211.35 Crore (Previous year
`223.27 Crore) in respect of which conveyance
deeds are pending execution.
ii) Certain properties (free hold and lease hold
land and buildings) capitalized before 31st
March 2013 have been revalued on the bases of
valuation done by the approved valuers during
the year. A sum of `3569.48 Crore being the net
surplus on the revaluation has been credited to
the Revaluation Reserve during the year.
iii) Tier-II capital for the purpose of computing
Capital Adequacy Ratio has been increased
by `1572.77 Crore (45%) due to the current
revaluation. This is in tune with the Reserve Bank
of India guidelines.

Disclosure as per RBI Requirements:

ii) 31.03.2014 x mWs meMi MN xmr (mh


xuqiuus ij mSU) M uw M SUl AlqSi
qsrMlMiA M qsrMl M AkU mU mlqsrMi
Mr ar W| `3569.48 MUQ M z Akzw M
uw M SUl mlqsrMl AUi lk q eq Mr
ar W |
iii) uiql mlqsrMl M MUh me mrmii Almi
M ahl M sL OrU- II me M `1572.77 MUQ
(45%) iM oRr ar W, e pUir Ueu oM M
SzlSzlxU W |
4

pUir Ueu oM M AuzrMilxU mMOMUh xok


AmL:
4.1 me:

(` MUQ q)
qS
(i) xAULAU
(ii) x D O 1
Almi (%)

oxs II

4.1 Capital:
(` In Crore)

oxs III

Basel II
Particulars

31.03.2014 31.03.2013 31.03.2014 31.03.2013


11.14

12.40

10.63

---

---

---

7.41

---

(i) CRAR
(ii) CET 1
Ratio (%)

153

Basel III

31.03.2014 31.03.2013 31.03.2014 31.03.2013


11.14

12.40

10.63

---

---

---

7.41

---

(iii) OrU I me
Almi (%)
(iv) OrU II me

8.00

Almi (%)

3.14

9.77

2.63

7.68

2.95

(iii) Tier I Capital


Ratio (%)
(iv) Tier II Capital
Ratio (%)

---

---

69.00

67.72

--

--

69.00

67.72

(vi) AiU

mmi OrU I
me Uz

--

(vii) AiU mmi


OrU II me

Uz; exq x
Gh me
sZi:
Akql zrU
me sZi:

2500.00

-- 2500.00

zlr

3.14

(v) Percentage of
Shareholding
of the
Government
of India in the
Bank
69.00
(vi) Amount of
Additional
Tier 1 capital
raised
-(vii) Amount of
Tier 2 capital
raised; of
which
Debt capital
instrument:
2500.00
Preference
Share Capital
NIL
Instruments:

(v) oM q pUi

xUMU M
zrUkUh M
mizi (%)

8.00

--

zlr

4.2 luz:

9.77

7.68

---

2.63

2.95

---

67.72

69.00

67.72

--

--

-- 2500.00

-NIL

4.2 Investments:

(1) luz M qsr:


uuUh

(1) Value of Investments:

(` MUQ q)

(` in Crore)

31.03.2014 31.03.2013

Particulars

31.03.2014 31.03.2013

i. luz M xMs qsr

127676.17 121350.54

i. Gross Value of Investments 127676.17 121350.54

M. pUi q

126779.65 120666.59

a. In India

Z. pUi x oWU

896.52

683.95

b. Outside India

896.52

683.95

847.92

217.71

805.86

121.93

42.06

95.78

rx,
ii. qsr
Ll m AD (*) qS AxjUi
M sL mukl

847.92

217.71

ii. Provisions for


Depreciation, NPI and
Exchange Fluctuation (*)

M. pUi q

805.86

121.93

a. In India

42.06

95.78

Z. pUi x oWU

126779.65 120666.59

b. Outside India

iii. luz M lus qsr

126828.25 121132.83

iii. Net Value of Investments

126828.25 121132.83

M. pUi q

125973.79 120544.66

a. In India

125973.79 120544.66

Z. pUi x oWU

854.46

b. Outside India

588.17

854.46

588.17

(*) Provision for Depreciation ` 733.20 Crore (Previous


Year `97.44 Crore), Provision for NPI- `114.72 Crore
(Previous year `120.27 Crore)

(*) qsrx M sL mukl - ` 733.20 MUQ (mNs uw


`97.44 MUQ), LlmAD sL mukl- `114.72 MUQ
(mNs uw `120.27 MUQ)

154

(2)) luz mU qsrx M sL ML aL mukl q EiU cRu AU Ll m AD / mUuil:

(` MUQ q)
uuUh

(2) Movement of Provisions held towards depreciation


and NPI on Investments:
(` in Crore)

31.03.2014 31.03.2013

i. mUpM zw

217.71

629.90

ii. eQ: uw M SUl olr ar


mukl(*)

774.69

25.77

iii. bOr: uw M SUl AiU


mukl M o
Zi Qsl(**)

144.48

437.96

iv. Ci zw

847.92

217.71

Particulars

(*) qsrx M sL mukl - `705.93 MUQ (mNs uw


`2.81 MUQ), LlmAD M sL mukl - `47.10 MUQ
(mNs uw `11.18 MUQ) AU qS AxjUi - `21.66
MUQ (mNs uw `11.78 MUQ)

31.03.2014 31.03.2013

i. Opening Balance

217.71

629.90

ii. Add: Provisions made


during the year(*)

774.69

25.77

iii. Less: Write


back of excess provisions
during the year (**)

144.48

437.96

iv. Closing balance

847.92

217.71

(*) Provision for Depreciation of `705.93 Crore (Previous


Year `2.81 Crore), Provision for NPI of `47.10 Crore
(Previous Year `11.18 Crore), Exchange Fluctuation
of `21.66 Crore (Previous Year `11.78 Crore)
(**) Write back of excess provision for Depreciation of
`83.49 Crore (Previous Year `423.03 Crore), Provision
for NPI of `60.99 Crore (Previous Year `14.93 Crore).

(**) `83.49 MUQ (mNs uw `423.03 MUQ) M qsrx,


`60.99 MUQ (mNs uw `14.93 MUQ) M LlmAD
M sL AkM mukl M misZl |

4.2.1. ml: ZUS (Um) slSl:


i. oeU Um
uuUh
Um M iWi ui mipir
i) xUMU mipir
ii) laq Gh mipir
mi Um M iWi ZUS ar mipir
i) xUMU mipir
ii) laq Gh mipir

(` MUQ q)
uw M SUl
lrliq oMr
slSl

uw M SUl
AkMiq oMr
slSl

uw M SUl
miSl Axi
oMr

20.80

11092.94

778.01

zlr

zlr

zlr

36.99

18571.80

2469.41

zlr

zlr

zlr

4.2.1 Repo Transactionsi. Market REPO


Particulars
Securities sold under repo
i) Government Securities
ii) Corporate Debt Securities
Securities purchased under reverse repo
i) Government Securities
ii) Corporate Debt Securities

rj
31.03.2014 M
zlr
zlr
zlr
zlr

(` in Crore)
Minimum
outstanding
during the year

Maximum
outstanding
during the year

Daily Average
outstanding
during the year

As on
31.03.2014

20.80
NIL

11092.94
NIL

778.01
NIL

NIL
NIL

36.99
NIL

18571.80
NIL

2469.41
NIL

NIL
NIL

155

ii. pUir Ueu oM M xj cslk xqrel xuk (LsLLT)


uw M SUl
lrliq oMr
slSl

uuUh
Um M iWi ui mipir
i) xUMU mipir
ii) laq Gh mipir
mi Um M iWi ZUS ar mipir
i) xUMU mipir
ii) laq Gh mipir

(` MUQ q)
uw M SUl
AkMiq oMr
slSl

uw M SUl
miSl Axi
oMr

rj
31.03.2014

300.00

10860.00

2326.64

7970.00

zlr

zlr

zlr

zlr

100.00

2100.00

38.38

zlr

zlr

zlr

zlr
zlr

ii. Liquidity Adjustment Facility (LAF) with RBI


(` in Crore)
Minimum
outstanding
during the year

Particulars

Maximum
outstanding
during the year

Daily Average
outstanding
during the year

As on
31.03.2014

Securities sold under repo


i) Government Securities
ii) Corporate Debt Securities
Securities purchased under reverse repo
i) Government Securities
ii) Corporate Debt Securities

300.00
NIL

10860.00
NIL

2326.64
NIL

7970.00
NIL

100.00
NIL

2100.00
NIL

38.38
NIL

NIL
NIL

4.2.2 aU-xukM cslk Almi luz xupa:


i) aU-xukM cslk Almi luz M eUMi ulrx:

(` MUQ q)

x.

eUMi

Uz

(1)

(2)

(3)

"Mq luz
"aU-UOQ" "Axcai"
le xjl
h"
mipir M mipir M
lrel xq mipir M
xq
xq
xq
(4)

(5)

(6)

(7)

(i)

xuelM Emq

5893.98

5252.21

zlr

zlr

15.20

(ii)

ur xxjL

5626.23

5312.62

zlr

zlr

zlr

(iii) oM

3362.13

3199.39

98.20

88.20

88.20

(iv) le MmUO

2209.93

1690.39

155.00

zlr

zlr

739.22

739.22

zlr

zlr

zlr

1750.12

1723.64

zlr

zlr

zlr

152.48

--

--

--

--

19429.13

17917.47

253.20

88.20

103.40

(v)

Alwar / xr Eq

(vi) Alr
(vii) bOL : qsrx ij LlmAD M sL mukl
Ms

Msq 4,5,6, u 7 M iWi UmO M aD Uzr mUxmU Allr lW W|

156

4.2.2 Non-SLR Investment Portfolio:


i)

Issuer composition of Non SLR Investments:

(` in Crore)

No.

Issuer

Amount

(1)

(2)

(3)

Extent of
Extent of
Below
Private
Investment
Placement
Grade
Securities
(4)

(5)

Extent of
Unrated
Securities

Extent of
Unlisted
Securities

(6)

(7)

(i)

PSUs

5893.98

5252.21

NIL

NIL

15.20

(ii)

Fis

5626.23

5312.62

NIL

NIL

NIL

(iii) Banks

3362.13

3199.39

98.20

88.20

88.20

(iv) Private Corporate

2209.93

1690.39

155.00

NIL

NIL

739.22

739.22

NIL

NIL

NIL

1750.12

1723.64

NIL

NIL

NIL

152.48

--

--

--

--

19429.13

17917.47

253.20

88.20

103.40

(v)

Subsidiaries/ Joint Ventures

(vi) Others
(vii) Less: Provision held towards depreciation and
NPI**
Total

*Amounts reported under columns 4,5,6 and 7 above are not mutually exclusive.

ii) AleM aU-xukM cslk Almi luz :


uuUh

ii) Non-Performing Non SLR Investments:

(` MUQ q)

(` in Crore)
Particulars

31.03.2014 31.03.2013

mUpM zw

225.76

179.95

1 Ams* M oS uw M SUl
xukl

110.02

31.03.2014 31.03.2013

Opening balance

225.76

179.95

79.42

Additions during the year


since 1st April*

110.02

79.42

69.25

33.61

Reductions during the above


period

69.25

33.61

Ci zw

266.53

225.76

Closing balance

266.53

225.76

kUi Ms mukl

201.53

201.26

Total Provisions held

201.53

201.26

Emr Auk M SUl


MOi

4.2.3 mUmYui iM kUi (LcOLq) ua M / x o AU AiUh :


Lc O Lq ua M / x mipir M o AU AiUh M qsr rj 01.04.2013 iM Lc O Lq ua kUi luz M oW qsr
M mc mizi x AkM lW W |
4.2.3 Sale and transfers to/from HTM Category:
The value of sale and transfers of securities to/from HTM category during the year does not exceed five percent
of the book value of the investment held in HTM category as on 01.04.2013.

157

4.3

urimllr:

4.3.1 urS SU MUU / ore SU ulqr:

(` MUQ q)
uuUh

31.03.2014 31.03.2013

i.

ulqr MUU M Msmi qskl

ii.

MUU M iWi okri M mi m U mU lW Mr el mU WD i

iii. ulqr q muz mU oM U xmM M AuzrMi


iv.

ulqr x Wlus xZ eZq M xMSh

v.

ulqr oW M Eci qsr

4.3

6461.07

3186.00

272.24

336.00

zlr

zlr

zlr

zlr

269.62

334.03

Derivatives:

4.3.1 Forward Rate Agreement / Interest Rate Swap:

(` in Crore)

Particulars

31.03.2014 31.03.2013

i.

The notional principal of swap agreements

6461.07

3186.00

ii.

Losses which would be incurred if counter parties failed to fulfill their obligations
under the agreements

272.24

336.00

iii. Collateral required by the Bank upon entering into swaps

NIL

NIL

iv.

Concentration of credit risk arising from the swaps

NIL

NIL

v.

The fair value of the swap book

269.62

334.03

(` MUQ q)

4.3.2 ulqr urmU ore SU urim :


qM

uuUh

Uz

(i)

uw M SUl sr ar ulqr urmU ore SU urim M Msmi qskl M Uz


(sZi-uU)

(ii)

rj 31 qc 2014 M ulqr urmU ore SU urim M Msmi qskl Uz


(sZi-uU)

(iii)

ulqr urmU ore SU urim oMr M Msmi qskl Uz ij "erS mpu" lW


(sZi-uU)

zlr

(iv)

ulqr urmU ore SU urim oMr M SlM oeU qsr ij "erS mpu" lW
(sZi-uU)

zlr

158

115.80
zlr

4.3.2 Exchange Traded Interest Rate Derivatives


(` in Crore)
Sl.No.

Particulars

(i)

Notional principal amount of exchange traded interest rate derivatives undertaken during
the year (Instrument Wise)

115.80

(ii)

Notional principal amount of exchange traded interest rate derivatives outstanding as on


31st March 2014 (instrument-wise)

NIL

(iii)

Notional principal amount of exchange traded interest rate derivatives outstanding and not
highly effective (instrument- wise)

NIL

(iv)

Mark-to-market value of exchange traded interest rate derivatives outstanding and not
highly effective (instrument-wise)

NIL

4.3.3 urim q eZq xq xok mMOMUh:


I

Amount

4.3.3

ahiqM mMOMUh

Disclosure on risk exposure in derivatives:

I Qualitative Disclosure
The Treasury Risk Management Policy for using Derivative
Instruments to hedge banks Assets/Liabilities has been
approved by the Board of Directors.

oM M Axir / SriA M ocu uruxj M sL urim


sZi M Emra xok q lSzM qQs U AlqSi UeMw
eZq mokl li W |
M) oM M luz xupa q xjU ore SU, eU Mml AU
Axjr ore SU ex uzwiA us Axir lWi W
AU rW ore SU eZq M Akl W | oM M mx OrU
II oQ p W AU rW me sai xjU SU mU W AU Cxq
oWaql uMsm lW W | rW li Cx Sri mU ore SU x
xoki eZq x ocu M p Alqi Si W |

A) The Investment Portfolio of the Bank consists of


assets with characteristics such as fixed interest rate,
zero coupon and floating interest rates and is subject
to interest rate risk. The Bank also has Tier II bonds
hedged for interest rate swaps which do not have
exit options. The policy permits hedging the interest
rate risk on this liability as well.

l Mus luz xupa q osM oeU lqh q p ore


SU eZq x ocu M sL oM M urS SU MUU (LT
AU L) AU ore SU xum (ASs-oSs) (AD AU Lx)
AU osMs xS (msl uls) MUoU M mra MUl M
Alqi W |

Bank is permitted to use FRA and IRS (only plain vanilla


transactions are permitted). These instruments are
used not only for hedging the interest rate risk in the
investment portfolio but also for market making.
Bank has been undertaking derivatives trades like IRS,
FRAs, etc for the purpose of hedging Foreign Currency
liabilities. Options and Swaps are also undertaken on
behalf of clients on back to back basis. The Bank is yet
to start Option book running.

uSz qS SriA x xoki eZq x ocu M Ezr x


oM urS SU MUU (LT AU L) AU ore SU xum (ASsoSs) (AD AU Lx) ex urim M mra MU UW W |
mUxmU qS M AkU mU WqU aWM M AU x uMsm AU
xum M p mra Mr e UW W | oM U uMsm oM Ua
mUp MUl oM W |

During the year Bank has not undertaken derivative


trades in Interest Rate Swaps (IRS) of the Investment
Portfolio and Trading Swaps/Currency Derivative/

uw M SUl oM l luz xupa M ore SU


ASs-oSs (ADAULx) q urim M mra lW Mr

159

W AU urmU ASs-oSs/qS urim/urS SU MUU


p lW ML|

Forward Rate Agreements (FRA) were also not


undertaken.
B) The risk management policies and major control
limits like stop loss limits, counterparty exposure
limits, PV01, etc. approved by the Board of Directors
are in place. These risk limits are monitored and
reviewed regularly. MIS/Reports are submitted
periodically to Risk Management Committee. The
hedge effectiveness of the outstanding derivative
deals are monitored in relation to the underlying
asset/liability on an ongoing basis.

Z) oQ U AlqSi eZq mokl lir AU mqZ lrh


xqL ex xOm sx xqL, mim eZq xqL, m u
01, AS Mrzs W | Cl eZq xqA M lrqi m
x laUl AU xq M ei W | eZq mokl xqi M
mok xcl mhs / UmO AukM m x mxii M ei
W | oMr urim uruWU M ocu uruxj M mpuzsi
M lUiU AkU mU AilWi Axi /Sri M xok q
laUl M ei W |

C) Accounting Policy

a) sZMl li

Hedge Positions

ocu uruxj M xji

ore urr M Emcr / ore SU xum (AD AU Lx) mU Ar


M Uexu Zi q ql ei W |

oMr urim Mr M laUl ASs-oSs AU AilWi

Accrual on account of interest expenses/ income on


the IRS are accounted and recognized as expense/
income.

Hedge effectiveness of the outstanding derivative


deals are monitored in relation to the fair value
of the swap and underlying asset/liability. Bank
has used the FIMMDA pricing method i.e. relevant
G SEC yield + corporate bonds spread for arriving at
the fair value of the underlying Asset/Liability. If the
hedge is not effective, hedge swaps is accounted as
trading swaps. If swap is terminated before maturity,
the MTM loss / gain and accruals till such date are
accounted as expense/income under Interest Paid /
received on IRS.

Axi / Sri M Eci qsr M xok q ocu uruxj


uruWU M U M ei W | oM LTADLqLqQL qsrMl
mi Aji e LxDx miTs ij MmUO qQs M
Amli WL ASs-oSs AU AilWi Axi / Sri M
Eci qsr M lkUh MUi W | AaU ocu mpuMU
lW Wi W i ocu ASs-oSs M OQa ASs-oSs
M m q sr ei W | rS mUmYui x mu xum M
xqmi MU Sr ei W i Ex iUZ iM

Lq O Lq

Wl / sp AU Emcr M ore SU xum (ASs-oSs)


(AD AU Lx) mU pail M aD / mmi ore M iWi
sZMl Mr ei W |

Trading Positions

OQa M xji

Trading swaps are marked to market at frequent


intervals and changes are recorded in the income
statements.

Accrual on account of interest expenses/ income on


the IRS are accounted and recognized as expense /
income.

Gains or losses on termination of swaps are


recorded as immediate income or expense under
the above head.

xqlr AiUs q OQa xum M oeU mU AMi


Mr ei W AU Ar uuUh q mUuil M UMQ
Mr ei W |

ore urr M Emcr / ore SU xum (AD AU Lx) mU Ar


M urr / Ar ql ei W |

xum M xqmi mU sp r Wl M E zwM M iWi


iiMs Ar r urr M m q UMQ Mr ei W |

160

II

mUqhiqM mMOMUh

. x.
1

uuUh

(` MUQ q)
qS urim

urim (Msmi qskl Uz)


- ocu uruxj

578.83

6361.07

zlr

100.00

31.15

272.24

- SriL (-)

zlr

-2.62

Gh eZq

zlr

1.70

- OQa
2

oeU xjir M AMi


- Axir (+)

ore SU urim

bUs

xqSmUr

qS
urim

ore SU
urim

qS
urim

ore SU
urim

- ocu uruxj urimr mU

zlr

zlr

-0.08

1.04

- OQa urimr mU

zlr

0.0148

zlr

zlr

- ocu uruxj urimr mU

zlr

zlr

0, -0.08

1.04, 2.50

- OQa urimr mU

zlr

0.0243/0.0142

zlr

zlr

ore SU q LM mizi mUuil M xqlr


mpu [100* mu01]-

uw M SUl mL aL AkMiq u lrliq


100* mu01

urS xuS [100%mu01] M iWi oMr xji mU ulqr SU q LM mizi mUuil M xqlr mpu : `0.40 MUQ
M sp

161

II

Quantitative disclosure
(` in Crore)
Sl.
No.

Particulars

Derivatives (Notional principal amount)

Currency Derivatives

- Hedging

578.83

6361.07

NIL

100.00

31.15

272.24

- Liabilities (-)

NIL

-2.62

Credit Exposure

NIL

1.70

- Trading
2

Marked to Market positions


- Assets (+)

Interest Rate Derivatives

Domestic

Overseas

Currency
Derivative

Interest Rate
Derivatives

Currency
Derivative

Interest Rate
Derivatives

- on hedging derivatives

NIL

NIL

-0.08

1.04

- on trading derivatives

NIL

0.0148

NIL

NIL

- on hedging

NIL

NIL

0, -0.08

1.04, 2.50

- on trading

NIL

0.0243/0.0142

NIL

NIL

Likely impact of one percentage change


in interest rate [100*PV01]

Maximum and minimum of 100*PV01


observed during the year.

Likely impact of one percentage change in exchange rate on outstanding position under forward contract
[100%PV01]: Gain of `0.40 crore.

162

4.4

Axi ahu:

4.4.1 AleM Axir:

(` MUQ q)
uuUh

(i)
(ii)

(iii)

M.
Z.
a.
b.
M.
Z.
a.
b.

(iv)
M.
Z.
a.
b.
X.

31.03.2014 31.03.2013

lus Aaq mU lus LlmL (%)


LlmL M EiU- cRu (xMs)
mUpM zw
uw M SUl xukl
uw M SUl Mq
Ci zw
lus LlmL M EiU-cRu
mUpM zw
uw M SUl xukl
uw M SUl Mq
Ci zw
LlmL Wi mukl M EiU-cRu (qlM Axi xok mukl M NQMU)
mUpM zw
qS AxjUi ij Alr M sL mukl
uw M SUl Mr ar mukl
o Zi q Qsl / AkM mukl umx MUl
Ci zw

1.98

2.18

6260.16
8443.62
7133.57
7570.21

4031.75
5819.30
3590.89
6260.16

5278.07
8443.62
7756.23
5965.46

3386.31
5819.30
3927.54
5278.07

932.96
30.46
2238.03*
1640.61
1560.84

598.56
8.67
1860.99
1535.26
932.96

*AleM Axi Zi M Eci qsr q Mq M xok q `12.94 MUQ ij AleM Axi LT AD O Ls Zi M xok q `90.05 xWi
4.4

Asset Quality:

4.4.1 Non-Performing Assets:


(` in Crore)
Particulars
(i)
(ii)
a.
b.
c.
d.
(iii)
a.
b.
c.
d.
(iv)
a.
b.
c.
d.
e.

31.03.2014 31.03.2013

Net NPAs to Net Advances (%)


Movement of NPAs (Gross)
Opening balance
Additions during the year
Reductions during the year
Closing balance
Movement of Net NPAs
Opening balance
Additions during the year
Reductions during the year
Closing balance
Movement of provisions for NPAs (excluding Provision on Standard Assets)
Opening balance
Adjustment towards Exchange Fluctuation & others
Provisions made during the year
Write off / (Write back) of excess provision
Closing balance

1.98

2.18

6260.16
8443.62
7133.57
7570.21

4031.75
5819.30
3590.89
6260.16

5278.07
8443.62
7756.23
5965.46

3386.31
5819.30
3927.54
5278.07

932.96
30.46
2238.03*
1640.61
1560.84

598.56
8.67
1860.99
1535.26
932.96

*includes Rs. 12.94 Crore in respect of diminution in fair value of NPA accounts and `90.05 in respect of NPA FITL account.

163

4.4.2

qM

ml: xUci Zi M uuUh:

(` MUQ q)

ml:xUcl M mMU
Axi uaMUh
uuUh
rj ur uw
M 01 Ams M
ml:xUcl Zi
(mUpM AMQ)

uw M SUl lD
ml:xUcl

ur uw M SUl
ml:xUci qlM
h M xiUrl

EkUMiA M
xZr

ur uw M SUl
o Zi Qs aL
ml:xUci Zi

ur uw M 31
qc M ml:xUcl
Zi (Ci AMQ)

qlM

AuqlM

xSak

LxLqD Gh ml:xUcl i M iWi


Wl

Ms

qlM

AuqlM

xSak

Wl

Ms

69

10

82

1297

1393

3920

2592

9202

oMr Uz

3511.34

224.32

480.77

0.00

4216.43

479.14

109.08

118.91

51.75

758.88

iSxok
mukl

408.07

37.35

400.52

0.00

845.94

19.30

17.35

59.32

51.75

147.72

18

20

2075

79

13

2173

2854.29

154.09

0.00

0.00

3008.39

273.38

14.00

4.64

0.03

292.06

86.88

23.17

0.00

0.00

110.05

6.32

3.19

1.54

0.03

11.08

-2

282

-104

-127

-32

19

148.46

-125.77

0.00

0.00

22.69

11.62

21.90

-9.96

-9.38

14.17

5.20

0.00

0.00

0.00

5.20

0.41

5.93

-2.24

-2.12

1.97

13

13

406

413

1033.32

0.00

0.00

0.00

1033.32

126.43

0.00

1.95

0.40

128.78

4.13

0.00

0.00

0.00

4.13

0.32

0.00

0.61

0.40

1.33

-3

-395

42

249

122

18

oMr Uz

-642.90

719.93

-166.20

212.28

123.11

-87.89

104.83

38.65

8.61

64.20

iSxok
mukl

-22.50

112.95

-192.50

212.28

110.24

-3.08

14.05

13.66

8.61

33.07

97

492

400

992

oMr Uz

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.14

0.00

0.14

iSxok
mukl

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.14

0.00

0.14

42

58

2644

1538

3848

2545

10575

oMr Uz

4485.45

802.12

274.15

239.30

5801.02

524.94

188.80

143.76

46.03

903.53

iSxok
mukl

156.99

125.05

212.61

239.30

733.95

18.37

34.80

78.62

46.03

177.04

EkUMiA M
xZr
oMr Uz
iSxok
mukl
EkUMiA M
xZr
oMr Uz
iSxok
mukl

ur uw M
EkUMiA M
xqmi mU EiU
xZr
muklMUh ij/
oMr Uz
r AiU eZq
pU AMwi
MUlus ml:xUci
qlM Aaq M
iSxok
Aas ur uw
mukl
q ml: xUci
qlM Aaq M
m q SZl M
AuzrMi lW W
ur uw M SUl
ml:xUci Zi M
Aulrl

xQAU i M iWi

EkUMiA M
xZr

EkUMiA M
xZr

EkUMiA M
xZr

164

4.4.2

Particulars of Accounts Restructured:


(` in Crore)
TYPE OF RESTRUCTURING

Sl.
No.

ASSET CLASSIFICATION
DETAILS

RESTRUCTURE
ACCOUNTS AS
ON APRIL 1 OF FY
(OPENING FIGURES)

NO OF
BORROWERS

WRITE OFFs OF
RESTRUCTURED
ACCOUNTS DURING
THE FY

DOUBTFUL

LOSS

TOTAL

STANDARD

SUB
DOUBTFUL
STANDARD

LOSS

TOTAL

10

82

1297

1393

3920

2592

9202

AMOUNT
OUTSTANDING

3511.34

224.32

480.77

0.00

4216.43

479.14

109.08

118.91

51.75

758.88

PROVISION
THEREON

408.07

37.35

400.52

0.00

845.94

19.30

17.35

59.32

51.75

147.72

18

20

2075

79

13

2173

2854.29

154.09

0.00

0.00

3008.39

273.38

14.00

4.64

0.03

292.06

86.88

23.17

0.00

0.00

110.05

6.32

3.19

1.54

0.03

11.08

-2

282

-104

-127

-32

19

148.46

-125.77

0.00

0.00

22.69

11.62

21.90

-9.96

-9.38

14.17

5.20

0.00

0.00

0.00

5.20

0.41

5.93

-2.24

-2.12

1.97

13

13

406

413

1033.32

0.00

0.00

0.00

1033.32

126.43

0.00

1.95

0.40

128.78

4.13

0.00

0.00

0.00

4.13

0.32

0.00

0.61

0.40

1.33

-3

-395

42

249

122

18

AMOUNT
OUTSTANDING

-642.90

719.93

-166.20

212.28

123.11

-87.89

104.83

38.65

8.61

64.20

PROVISION
THEREON

-22.50

112.95

-192.50

212.28

110.24

-3.08

14.05

13.66

8.61

33.07

97

492

400

992

AMOUNT
OUTSTANDING

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.14

0.00

0.14

PROVISION
THEREON

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.14

0.00

0.14

42

58

2644

1538

3848

2545

10575

4485.45

802.12

274.15

239.30

5801.02

524.94

188.80

143.76

46.03

903.53

156.99

125.05

212.61

239.30

733.95

18.37

34.80

78.62

46.03

177.04

AMOUNT
OUTSTANDING

NO OF
BORROWERS
AMOUNT
OUTSTANDING
PROVISION
THEREON

RESTRUCTURED
NO OF
STANDARD
BORROWERS
ADVANCES
AMOUNT
WHICH CEASE TO
OUTSTANDING
ATTRACT HIGHER
PROVISIONING AND/
OR ADDITIONAL
RISK WEIGHT AT
THE END OF THE FY
AND HENCE NEED
PROVISION
NOT TO BE SHOWN
THEREON
AS RESTRUCTURED
STANDARD
ADVANCES AT THE
BEGINNING OF THE
NEXT FY

DOWNGRADATIONS
OF RESTRUCTURED
ACCOUNTS DURING
THE FY

SUB
STANDARD
3

PROVISION
THEREON
UPGRADATIONS
TO RESTRUCTURED
STANDARD
CATEGORY DURING
THE FY

STANDARD

UNDER SME DEBT RESTRUCTURING MECHANISM

69

NO OF
BORROWERS
FRESH
RESTRUCTURING
DURING THE YEAR

UNDER CDR MECHANISM

NO OF
BORROWERS

NO OF
BORROWERS

NO OF
BORROWERS
RESTRUCTURED
ACCOUNTS AS ON
AMOUNT
MARCH 31 OF THE FY OUTSTANDING
(CLOSING FIGURES)
PROVISION
THEREON

165

(` MUQ q)

qM

ml:xUcl M mMU
Axi uaMUh

Axi
uaMUh

uuUh

rj ur uw M 01
Ams M ml:xUcl
Zi (mUpM AMQ)

uw M SUl lD
ml:xUcl

ur uw M SUl
ml:xUci qlM h
M xiUrl

EkUMiA M
xZr

ur uw M SUl
o Zi Qs aL
ml:xUci Zi

ur uw M 31 qc
M ml:xUcl Zi
(Ci AMQ)

qlM

AuqlM

Alr
xSak

5814

1474

14412.07

1320.19

iSxok
mukl

580.31

220.26

EkUMiA M
xZr

10836

288

20

13166.90

173.68

154.07

324.84

26.52

67.86

0.67

868

-458

-243

oMr Uz

370.38

-300.77

iSxok
mukl

13.28

qlM

AuqlM

xSak

Wl

2870

6292

3509 19851.00

719.05 195.62 16646.92

18402.55

1653.58

1318.71

247.37 21622.21

1427.43

1007.68

274.96

891.08

247.37

2421.09

11202

12929

369

33

64

13395

0.67 13495.31

16294.57

341.77

158.71

419.86

418.04

52.88

69.39

0.70

541.01

-114

53

1152

-564

-370

-146

72

-24.77

-8.74

36.10

530.45

-404.64

-34.73

-18.12

72.97

-33.51

6.26

-7.62

-21.59

18.88

-27.58

4.02

-9.75

-14.43

1299

1308

1718

1734

2553.49

0.54

0.11

0.00

2554.15

3713.24

0.54

2.06

0.40

3716.25

10.17

0.08

0.04

0.00

10.29

14.62

0.08

0.65

0.40

15.75

-510

-201

621

184

94

-908

-153

871

307

117

oMr Uz

-542.92

141.17

491.27

51.81

141.32

-1273.71

965.93

363.72

272.70

328.63

iSxok
mukl

-19.00

-85.36

174.63

51.81

121.93

-44.58

41.64

-4.21

272.70

265.24

10

99

288

281

678

13

196

781

681

1671

oMr Uz

0.04

0.04

0.19

0.01

0.29

0.04

0.04

0.33

0.01

0.42

iSxok
mukl

0.00

0.01

0.09

0.01

0.11

0.00

0.01

0.23

0.01

0.25

13291

1345

2668

1023

18327

15977

2889

6525

3569

28960

17946.54

660.22

1055.28 236.27 19898.31

22956.93

1651.14

1473.20

628.12

100.54

803.49

260.39

785.42

oMr Uz
iSxok
mukl
EkUMiA M
xZr

EkUMiA M
xZr

EkUMiA M
xZr

EkUMiA M
xZr
oMr Uz
iSxok
mukl

917

Ms
7180

oMr Uz

2362

Wl
10567

ur uw M
EkUMiA M
xqmi mU EiU
xZr
muklMUh ij /
oMr Uz
r AiU eZq
pU AMwi MUlus
ml:xUci qlM
Aaq M Aas
iSxok
ur uw q ml:
mukl
xUci qlM Aaq
M m q SZl M
AuzrMi lW W
ur uw M SUl
ml:xUci Zi M
Aulrl

ml:xUcl M mMU

431.24 195.62
58

494.19 236.27

166

1458.96

0.70 16795.76

521.60 26602.87
521.60

2370.90

(` in Crore)
TYPE OF RESTRUCTURING
Sl.
No.

ASSET CLASSIFICATION
DETAILS
NO OF
BORROWERS

FRESH
RESTRUCTURING
DURING THE YEAR

RESTRUCTURED
ACCOUNTS AS ON
MARCH 31 OF THE FY
(CLOSING FIGURES)

247.37 21622.21

1427.43

1007.68

274.96

891.08

247.37

2421.09

11202

12929

369

33

64

13395

0.67 13495.31

16294.57

341.77

158.71

419.86

418.04

52.88

69.39

0.70

541.01

-114

53

1152

-564

-370

-146

72

-24.77

-8.74

36.10

530.45

-404.64

-34.73

-18.12

72.97

-33.51

6.26

-7.62

-21.59

18.88

-27.58

4.02

-9.75

-14.43

1299

1308

1718

1734

2553.49

0.54

0.11

0.00

2554.15

3713.24

0.54

2.06

0.40

3716.25

10.17

0.08

0.04

0.00

10.29

14.62

0.08

0.65

0.40

15.75

-510

-201

621

184

94

-908

-153

871

307

117

AMOUNT
OUTSTANDING

-542.92

141.17

491.27

51.81

141.32

-1273.71

965.93

363.72

272.70

328.63

PROVISION
THEREON

-19.00

-85.36

174.63

51.81

121.93

-44.58

41.64

-4.21

272.70

265.24

10

99

288

281

678

13

196

781

681

1671

AMOUNT
OUTSTANDING

0.04

0.04

0.19

0.01

0.29

0.04

0.04

0.33

0.01

0.42

PROVISION
THEREON

0.00

0.01

0.09

0.01

0.11

0.00

0.01

0.23

0.01

0.25

13291

1345

2668

1023

18327

15977

2889

6525

3569

28960

17946.54

660.22

1055.28 236.27 19898.31

22956.93

1651.14

1473.20

628.12

100.54

803.49

260.39

785.42

PROVISION
THEREON

1320.19

580.31

220.26

10836

288

20

13166.90

173.68

154.07

324.84

26.52

67.86

0.67

868

-458

-243

370.38

-300.77

13.28

TOTAL

1318.71

AMOUNT
OUTSTANDING

14412.07

LOSS

1653.58

NO OF
BORROWERS

917

DOUBTFUL

18402.55

NO OF
BORROWERS

1474

SUB
STANDARD

719.05 195.62 16646.92

NO OF
BORROWERS

5814

STANDARD

3509 19851.00

RESTRUCTURED
NO OF
STANDARD ADVANCES BORROWERS
WHICH CEASE TO
AMOUNT
ATTRACT HIGHER
PROVISIONING AND/ OUTSTANDING
OR ADDITIONAL
RISK WEIGHT AT
THE END OF THE FY
AND HENCE NEED
PROVISION
NOT TO BE SHOWN
THEREON
AS RESTRUCTURED
STANDARD ADVANCES
AT THE BEGINNING OF
THE NEXT FY

WRITE OFFs OF
RESTRUCTURED
ACCOUNTS DURING
THE FY

TOTAL

6292

AMOUNT
OUTSTANDING

2362

LOSS

2870

NO OF
BORROWERS
UPGRADATIONS
AMOUNT
TO RESTRUCTURED
STANDARD CATEGORY OUTSTANDING
DURING THE FY
PROVISION
THEREON

DOWNGRADATIONS
OF RESTRUCTURED
ACCOUNTS DURING
THE FY

SUB
DOUBTFUL
STANDARD

7180

PROVISION
THEREON

STANDARD

TOTAL

10567

RESTRUCTURE
ACCOUNTS AS
AMOUNT
ON APRIL 1 OF
OUTSTANDING
FY(OPENING FIGURES)
PROVISION
THEREON
NO OF
BORROWERS

OTHERS

431.24 195.62
58

494.19 236.27

167

1458.96

0.70 16795.76

521.60 26602.87
521.60

2370.90

4.4.3 Axi ml:xUcl M sL Mml mipiMUh / Mml


ml:xUcl M oc aD ur Axir M uuUh:

4.4.3

Details of financial assets sold to Securitization


Reconstruction Company for Asset Reconstruction:

(` MUQ q)
uuUh
i.

Zi M xZr

ii. Lxx / AUx M oc ar


Zi M xqa qsr (lus
mukl)
iii. xqa miTs*

(` In Crore)
Particulars

31.03.2014 31.03.2013
i.

zlr

60

v.

lus oW qsr mU
xqa sp

No. of accounts

709.96

sa lW

ii. Aggregate value (net of


provisions) of accounts
sold to SC/RC

1166.36

sa lW

iii. Aggregate consideration*

60

NIL

709.96

NA

1166.36

NA

NA

NA

456.40

NA

iv. Additional consideration

iv. mu M uw q AiUi
Zi M xok q uxs
Mr ar AiU
miTs

31.03.2014 31.03.2013

sa lW

realized in respect of
accounts transferred in
earlier years

sa lW
v.
sa lW

456.40

Aggregate Gain over Net


Book Value

*oM l mmi `64.57 MUQ M lMS mU W ucU Mr W ij


ClM oWr q mukl M mi xqrei Mr ar W|

*Bank has considered only the cash component realized


` 64.57 Crore and adjusted it towards the provisions in
its books.

4.4.4 ZUS / oc aD AleM ur Axir M uuUh:

4.4.4 Details of non-performing


purchased / sold:

financial

assets

A.

financial

assets

M)

ZUS aD AleM ur Axir M uuUh


(` MUQ q)
uuUh

M. uw M SUl
ZUS ar Zi
M xZr
Z. xqa
miTs

2. M. Elq x uw M
SUl mlxUclMi
Zi M xZr
Z. xqa oMr

zlr

sa lW

sa lW

sa lW

sa lW

sa lW

sa lW

non-performing

(` In Crore)
Particulars

31.03.2014 31.03.2013
zlr

Details of
purchased

a. No. of accounts
purchased during
the year

NIL

NIL

b. Aggregate
consideration

NA

NA

NA

NA

NA

NA

2. a. Of these, number of
accounts restructured
during the year
b. Aggregate outstanding

168

31.03.2014 31.03.2013

Z)

oc ar AleM ur Axir M uuUh:

B.

Details of non-performing financial assets sold


(` In Crore)

(` MUQ q)
uuUh
oc ar Zi M xZr

60

zlr

ii. xqa oMr

1479.74

sa lW

iii. mmi xqa miTs*

1166.36

sa lW

i.

Particulars

31.03.2014 31.03.2013

i.

31.03.2014 31.03.2013

No. of accounts sold

60

NIL

ii. Aggregate outstanding

1479.74

NA

iii. Aggregate consideration


received*

1166.36

NA

*oM l mmi `64.57 MUQ M lMS mU W ucU Mr W ij ClM


oWr q mukl M mi xqrei Mr ar W |

*Bank has considered only the cash component realized `64.57


Crore and adjusted it towards the provisions in its books.

4.4.5

4.4.5 Provisions on Standard Asset:

qlM Axi xok mukl:


(` MUQ q)
uuUh

qlM Axir mU
mukl

4.5

(` In Crore)

31.03.2014 31.03.2013
1715.38

Particulars

1214.70

Provisions towards Standard


Assets

MUoU xok Almi:


uuUh

4.5

1715.38

1214.70

Business Ratios:
Particulars

31.03.2014 31.03.2013

31.03.2014 31.03.2013

31.03.2014 31.03.2013

i. Mrzs lk M
mizi M m q ore
Ar (%)

8.80

9.05

i. Interest income as a
percentage to Working
Funds (%)

8.80

9.05

ii. Mrzs lk M
mizi M m q aU-ore
Ar (%)

0.87

0.84

ii. Non-interest income as


a percentage to Working
Funds (%)

0.87

0.84

iii. Mrzs lk M
mizi M m q
mUcsliqM sp (%)

1.51

1.56

iii. Operating Profit as a


percentage to Working
Funds (%)

1.51

1.56

iv. Axir mU miTs (%)

0.54

0.77

iv. Return on Assets (%)

0.54

0.77

1438.38

1420.17

1438.38

1420.17

0.05

0.07

0.05

0.07

v. mi MqcU MUoU (eq


ij Aaq M qsMU)
[` sZ q]
vi. mi MqcU sp
[` MUQ q]

v. Business (Deposits plus


Advances) per employee
[` in lakhs]
vi. Profit per employee
[` in crore]

169

4.6 Axi Sri mokl:


Axi ij Sri M MNM qS M mUmYui xum:
uuUh
1 Sl
2 x 07 Sl iM
8 x 14 Sl iM
15 x 28 Sl iM
29 Sl x 3 qWl iM
3 qWl x 6 qWl iM
6 qWl x 1 uw iM
1 uw x 3 uw iM
3 uw x 5 uw iM
5 uw x FmU
Ms

eq

Aaq

luz

5866.00
9488.00
237.97
(4466.37)
(5408.33)
(306.94)
26984.00
13636.00
549.02
(12222.48)
(6689.13)
(873.88)
12565.00
11119.00
55.63
(6777.22)
(7203.89)
(528.41)
14254.00
16231.00
630.41
(6040.14)
(9021.95)
(2072.29)
41560.00
20701.00
2406.82
(43194.53)
(22667.97)
(8987.10)
35584.00
21463.00
1340.02
(21281.43)
(20930.30)
(1557.68)
128792.00
40135.00
2227.65
(79823.87)
(39728.83)
(1613.55)
129055.00
76365.00
12332.09
(57729.47)
(65415.73)
(7672.61)
11232.00
27975.00
30092.29
(48627.36)
(23289.20)
(18699.15)
14832.00
63954.00
76998.41
(75693.12)
(42358.29)
(78821.22)
420724.00
301067.00
126870.31
(355855.99) (242176.62) (121132.83)

EkU
3000.00
(3054.28)
1936.43
(108.57)
275.61
(604.42)
149.79
(911.33)
2261.38
(2149.52)
2158.69
(1184.59)
1265.20
(1223.99)
5735.17
(2199.87)
4358.77
(4932.20)
6089.60
(3914.60)
27230.64
(20283.37)

uSz qS
Axir
1532.26
(842.73)
3461.26
(1643.77)
1475.28
(1208.98)
2271.01
(2304.91)
7551.54
(6722.40)
6054.11
(5074.75)
8566.44
(2793.29)
3825.78
(1380.99)
1972.76
(1565.29)
2306.04
(1812.29)
39016.48
(25349.40)

(` MUQ q)
uSz qS
SriL
1239.95
(336.14)
3305.22
(555.29)
1410.29
(1107.81)
1492.02
(2600.56)
7586.70
(8136.31)
9633.45
(4219.36)
4805.09
(2758.16)
5279.81
(642.87)
3026.43
(3789.62)
1237.52
(1203.28)
39016.48
(25349.40)

(mNs uw x xoki AMQ MM q S aD W)


(rj mokl U xMsi u mqhMi ij sZ mUM U Ai)
4.6 Asset Liability Management:
Maturity pattern of certain items of assets and liabilities:
Particulars

Deposits

Investments

Borrowings

5866.00
9488.00
237.97
(4466.37)
(5408.33)
(306.94)
2 to 7 days
26984.00
13636.00
549.02
(12222.48)
(6689.13)
(873.88)
8 to 14 days
12565.00
11119.00
55.63
(6777.22)
(7203.89)
(528.41)
15 to 28 days
14254.00
16231.00
630.41
(6040.14)
(9021.95)
(2072.29)
29 days to 3 months
41560.00
20701.00
2406.82
(43194.53)
(22667.97)
(8987.10)
3 months to 6 months
35584.00
21463.00
1340.02
(21281.43)
(20930.30)
(1557.68)
6 months to 1 year
128792.00
40135.00
2227.65
(79823.87)
(39728.83)
(1613.55)
1 year to 3 years
129055.00
76365.00
12332.09
(57729.47)
(65415.73)
(7672.61)
3 years to 5 years
11232.00
27975.00
30092.29
(48627.36)
(23289.20)
(18699.15)
Over 5 years
14832.00
63954.00
76998.41
(75693.12)
(42358.29)
(78821.22)
Total
420724.00
301067.00
126870.31
(355855.99) (242176.62) (121132.83)

Advances

3000.00
(3054.28)
1936.43
(108.57)
275.61
(604.42)
149.79
(911.33)
2261.38
(2149.52)
2158.69
(1184.59)
1265.20
(1223.99)
5735.17
(2199.87)
4358.77
(4932.20)
6089.60
(3914.60)
27230.64
(20283.37)

1 day

(Figures in brackets relate to previous year)


(As compiled and certified by the management and relied upon by the auditors)

170

(` in Crore)
Foreign Currency Foreign Currency
Assets
Liabilities
1532.26
1239.95
(842.73)
(336.14)
3461.26
3305.22
(1643.77)
(555.29)
1475.28
1410.29
(1208.98)
(1107.81)
2271.01
1492.02
(2304.91)
(2600.56)
7551.54
7586.70
(6722.40)
(8136.31)
6054.11
9633.45
(5074.75)
(4219.36)
8566.44
4805.09
(2793.29)
(2758.16)
3825.78
5279.81
(1380.99)
(642.87)
1972.76
3026.43
(1565.29)
(3789.62)
2306.04
1237.52
(1812.29)
(1203.28)
39016.48
39016.48
(25349.40)
(25349.40)

4.7
Gh eZq:
4.7.1 xjuU xmS q Gh eZq:

(` MUQ q)
31.03.2014 31.03.2013

17039.39

11324.69

14210.20

9705.36

- elq x urai Aux Gh e mjqMi Aaq q zqs ML el M sL AW W

8984.47

6175.52

(ii) uherM xjuU xmS


- uherM xjuU xmS mU okM M U xUi EkU (Mrsr pul, UOs xmx, oW Ezr
uherM mUxU, oW mUuU lux pul, AaM r urUWEx xjl, WOs, pq Ael, uMx
u xUcl AS)| eZq q aU-lk AkUi xq p zqs W|

2828.19

1617.88

1.00

1.45

M. Auxr

1.00

1.45

Z. uherM xjuU xmS

zlr

zlr

9515.30

4445.53

9515.30

4445.53

26554.69

15770.22

M)

mir Gh eZq
Auxr okM
- Auxr xmii M okM U Gh mh m x xUi W e EkUMi U ApaWi Mr eLa
r MUL mU SL aL W |

(iii) okM xqji mipi (LqoLx) q luz ij Alr mipi Gh eZq

Z) Amir Gh eZq
Ur Aux oM (LlLco) ij Aux u Mmlr (LcLTx) xok lk AkUi ij aU
lk AkUi Gh eZq
xjuU xmS M Ms Gh eZq
(rj mokl U xMsi u mqhMi ij sZ mUM U Ai)

4.7 Exposures:
4.7.1 Exposure to Real Estate Sector:
Category
Direct Exposure
Residential Mortgages
- lending fully secured by Mortgages on residential property that is or will be occupied
by the borrower or that is rented
- Of which, individual Housing Loans eligible for inclusion in priority sector advances
(ii) Commercial Real Estate
- Lending secured by mortgages on commercial real estates (office buildings, retail
space, multi-purpose commercial premises, multi-family residential buildings, multitenanted commercial premises, industrial or warehouse space, hotels, land acquisition,
development and construction, etc). Exposure also include non-fund based (NFB) limits.
(iii) Investments in Mortgage Backed Securities (MBS) and other securitized exposures a. Residential
b. Commercial Real Estate
b) Indirect Exposure
Fund based and non-fund based exposures on National Housing Bank (NHB) and Housing
Finance Companies (HFCs)
Total Exposure to Real Estate Sector
a)
(i)

(As compiled and certified by the management and relied upon by the auditors)

171

(` in Crore)
31.03.2014 31.03.2013
17039.39 11324.69
14210.20
9705.36
8984.47
2828.19

6175.52
1617.88

1.00
1.00
NIL
9515.30
9515.30

1.45
1.45
NIL
4445.53
4445.53

26554.69

15770.22

4.7.2 me oeU q Gh eZq:


(` MUQ q)
uuUh

31.03.2014

31.03.2013

i.

DYuO zrU, mUuilr okm, mUuilr QocU AU DYuO ElqZ mUxmU lkr q
mir luz exM AUpM lk lii m x laq Gh q lu lW M aD

1064.79

1119.57

ii.

zrU / oQ / QocU r Alr mipir M Lue q r oeqli AkU mU zrU


(ADmA/DLxmA xWi), mUuilr oQ, mUuilr QocU ij qrcAs TQ ElqZ
DYuO CMDr q luz Wi urr M Sr ar Aaq

zlr

zlr

iii.

Mx Alr mrel M sL Aaq eW zrU r mUuilr okm r mUuilr QocU r

673.58

1063.88

DYuO ElqZ mUxmU lkr M rlO M mjqM mipi M m q sr ar W |


iv.

Aaq r mUuilr okm r mUuilr DYuO ElqZ mUxmU lk M rlO M xmM


mipi U mipi Mr el iM Mx Alr mrel M sL Aaq rl zrU / mrel
oQ / mUuilr QocU / DYuO ElqZ mUxmU lkr M rlO M NQMU mjqM
mipi Aaq M mhir muUi lW MUi |

zlr

zlr

v.

xOM oMU M mipi AU Amipi Aaq AU xOM oMU ij umh lqiA M m


q lai aUOr

730.70

859.88

vi.

xi M LMi MUl M mirz q lD Mmlr q DYuO MUl M sL mreM M


AzSl mU MUl M sL zrU / oQ / QocU M mipi q r Alr mipir M mipi
M Lue q r ozir MmUO M xuMi Aaq |

zlr

zlr

vii.

mirzi DYuO muW / CzrA M Lue q Mmlr M mUM Gh |

zlr

zlr

viii.

zrU r mUuilr okm r mUuilr QocU r DYuO ElqZ mUxmU lk M rlO M


AUpM Czr M qqs q oM U s aD WqSU ucloir |

zlr

zlr

zlr

zlr

411.15

348.13

2880.22

3391.46

ix.
x.

qel urmU M sL xOM oMU M u mwh


ucU me lkr q xU eZq meMi AU AmeMi Sl me oeU q Ms eZq
me oeU M Ms Gh eZq

172

4.7.2 Exposure to Capital Market:


(` in Crore)
Particulars

31.03.2014

31.03.2013

1064.79

1119.57

NIL

NIL

i.

Direct Investment in Equity Shares, convertible bonds, convertible debentures


and units of equity oriented mutual funds the corpus of which is not exclusively
invested in corporate debt.

ii.

Advances against shares/bonds/debentures or other securities or on clean basis


to individuals for investment in shares (including IPOs/ESOPs), convertible bonds,
convertible debentures and units of equity oriented mutual funds.

iii.

Advances for any other purposes where shares or convertible bonds or convertible
debentures or units of equity oriented mutual funds are taken as primary security.

673.58

1063.88

iv.

Advances for any other purposes to the extent secured by the collateral security of
shares or convertible bonds or convertible debentures or units of equity oriented
mutual funds i.e. where the primary security other than shares/convertible bonds/
convertible debentures/units of equity oriented mutual funds does not fully cover
the advances.

NIL

NIL

v.

Secured and unsecured advances to stockbrokers and guarantees issued on behalf


of stock brokers and market makers

730.70

859.88

vi.

Loans sanctioned to corporates against the security of shares/bonds/debentures


or other securities or on clean basis for meeting promoters contribution to the
equity of new companies in anticipation of raising resources.

NIL

NIL

vii.

Bridge loans to companies against expected equity flows/issues

NIL

NIL

viii.

Underwriting commitments taken up by the Banks in respect of primary issue of


shares or convertible bonds or convertible -debentures or units of equity oriented
mutual funds

NIL

NIL

ix.

Financing to stockbrokers for margin trading

NIL

NIL

x.

All exposures to Venture Capital Funds (both registered and unregistered)

411.15

348.13

2880.22

3391.46

Total Exposure to Capital Market

173

4.7.3 eZq huU Sz M Gh eZq:


Lx Sz M xSp q eW oM M lus lkM Gh eZq ExM Ms Axir M 1% r erS W i oM M Sz-eZq
M mukl MUl M AuzrMi W| rj 31.03.2014 M rlCOQ MaQq (lql eZq h-L2) M xj oM M lus lkM
Gh eZq CxM Ms Axir M 1% x erS WA W ij AuzrM mukl olr ar W|
(` MUQ q)
eZq h

rj 31.03.2014
M Gh eZq
(lus)

rj 31.03.2014
M kUi
mukl

rj 31.03.2013
M Gh eZq
(lus)

rj 31.03.2013
M kUi mukl

lahr

10775.60

zlr

4447.31

zlr

Mq

21876.47

6.84

14679.66

zlr

2223.46

zlr

927.91

zlr

82.19

zlr

63.57

zlr

oWi erS

0.87

zlr

2.32

zlr

mioki

0.00

zlr

0.00

zlr

BT- QO

1.75

zlr

3.07

zlr

34960.34

6.84

20123.84

zlr

xqlr
E

Ms

4.7.3 Risk Category-wise Country Exposure:


In respect of the Country for which the Banks net funded exposure is 1% or more of its total assets, the Bank
is required to make provision for Country Risk. As on 31.03.2014 only in case of United Kingdom (Low Risk
category A2) the Net funded exposure exceeds 1% of the total assets for which the required provision is made.
(` in Crore)
Risk Category

Exposure (net)
as at
31.03.2014

Provision held
as at
31.03.2014

Exposure (net)
as at
31.03.2013

Provision held
as at
31.03.2013

Insignificant

10775.60

NIL

4447.31

NIL

Low

21876.47

6.84

14679.66

NIL

2223.46

NIL

927.91

NIL

82.19

NIL

63.57

NIL

Very High

0.87

NIL

2.32

NIL

Restricted

0.00

NIL

0.00

NIL

Off-credit

1.75

NIL

3.07

NIL

34960.34

6.84

20123.84

NIL

Moderate
High

TOTAL

174

4.7.4 oM U u M ar LMs EkUMi xq (LxeLs)


ij xqW EkUMi xq (eoLs) M uuUh:

4.7.4 Details of Single Borrower Limit (SGL) / Group


Borrower Limit (GBL) exceeded by the Bank:

oM M Mx p xqW Zi M qqs q lkUi uuMmh


Gh eZq xq x AkM lW W ij AkUpi xUcl
mUrelA q r Brs Mmlr M sL LMs EkUMi
M lrei Mr ar W | ijm lql Zi M qqs q
urai EkUMiA M sL lkUi me lk M 15%
Gh eZq xq M oRr ar W |

The Bank has not exceeded the prudential credit


exposure limits prescribed for group accounts and
single borrower engaged in infrastructure projects
or for Oil Companies. The exposure ceiling of 15%
of Capital Funds has not been exceeded in respect
of any borrowers.

4.7.4 aU eqli Aaq:

4.7.5 Unsecured Advances:


(` MUQ q)

uuUh

(` in Crore)

31.03.2014 31.03.2013

Ms aU eqli Aaq
exq x
i) xmM M m q oM mU
mpUi Aqi mipir ex
AkMU, sCxx, mkMUh
AS M mpU mU oMr Aaq
M Uz
ii) Lx Aqi mipir
(E (i) M AlxU) M
xpui qsr

49002.74

42158.81

4863.02

7858.93

9276.59

8165.46

Particulars
Total Unsecured Advance
Out of which
i) Amount of advances
outstanding against charge
over intangible securities
such as rights, licenses,
authorizations etc. charged
to the Bank as collateral
ii) The estimated value of such
intangible securities (as in (i)
above)

4.8.1 uw M SUl ArMU Wi Mr ar mukl M Uz:

(` MUQ q)
ArMU Wi mukl
(xm MU ij Axjai
MU xWi)

31.03.2014 31.03.2013
625.00

Particulars

800.00

Provision for Income Tax


(including Wealth tax and
Deferred tax)

4.8.2 pUir Ueu oM U sar ar SQ M mMOMUh:


ur uw 2013-14 M SUl oM ulrq Aklrq, 1949
M kU 47L(1)(x) M xj mPlr kU 46(4)(i) ij
Tq M kU 11 M Em kU (3) M AlxU pUir Ueu
oM U ulS lrq r zi M Almsl lW ML
el M sL oM mU `3.00 MUQ M SQ sar ar
W| oM l SlM 26.07.2013 M pUir Ueu oM M
`3.00 MUQ M E SQ Uz M pail Mr W |
5.

49002.74

42158.81

4863.02

7858.93

9276.59

8165.46

4.8. Miscellaneous:
4.8.1 Amount of Provisions made for Income Tax during
the year:
(` in Crore)

4.8 uuk:

uuUh

31.03.2014 31.03.2013

31.03.2014 31.03.2013
625.00

800.00

4.8.2 Disclosure of Penalties imposed by RBI:


During the financial year 2013-14, the Bank has
been subjected to an aggregate penalty of `3.00
Crore in terms of Section 47A(1)(c) read with
section 46(4)(i) of the Banking Regulation Act,
1949 and Sub Section (3) of Section 11 of FEMA
for non compliance of the Reserve Bank of India
instructions. Bank has paid penalty amount of
`3.00 Crore to Reserve Bank of India on 26.07.2013.
5.
Accounting Standards:
In compliance with the guidelines issued by the
RBI regarding disclosure requirements of the
various Accounting Standards issued by Institute of
Chartered Accountants of India (ICAI), the following
information is disclosed:

sZMl qlSQ:
pUir xlS sZMU xxjl U eU Mr aL uuk
sZMl qlSQ M iWi mMOMUh AmA M xok q
pUir Ueu oM U eU Mr aL SzlSz M Almsl
q, lqlsZi xcl M mMOMUh Mr ei W:

175

5.1

sZMl qlSQ 5 - lS Auk M sL lus


sp / Wl, muuk qS AU sZMl

5.1

lir q

mUuil:

There are no material prior period items

CxM mWs M Auk M MD qS lW W |


5.2

5.2

sZMl qlSQ 15 - MqcU Wisp


EmSl, mzl ij uzwkMU N SriA M uiql
qsr AU oM M raSl M lkUh MUl M sL up
qlM M lkUi MU lqlsZi M sL oqMM
Alql Mr aL W:
- qSxTi,

uUi,

mSi

AU

pUir

Accounting Standard 5 Net Profit / Loss for


the period, prior period items and changes in
accounting policies:

xlS

Accounting Standard 15 Employee Benefits


The actuarial assumptions in respect of gratuity,
pension and privilege leave, for determining the
present value of obligations and contributions
of the bank, have been made by fixing various
parameters for
-

Salary escalation by taking into account


inflation, seniority, promotion and other factors
mentioned in Accounting Standard 15(Revised)
issued by ICAI.

Attrition rate by reference to past experience

sZMU xxjl U eU Mr aL sZMl qlSQ


15 (xzki) M Alr bOM M krl q UZi WL
uil q oRU M ei W |
- uai uw AU mirzi puwr M Alpu M
xSp q x SU AU Cxq qir M NQMU uMsai

and expected future experience and includes


all types of withdrawals other than death but
including those due to disability.

M MUh WL AWUh xWi Alr xp AWUh


zqs W |
qskl oqMM Alql
uuUh

EmSl

mzl

uzwkMU N

Urri SU

9.25%

9.25%

9.25%

Axir mU mirzi UOl

9.15%

9.15%

zlr

uil q oRU

5.50%

5.50%

5.50%

mzl q oRU

zlr

2.50%

zlr

AD L Ls Lq
AD L Ls Lq
AD L Ls Lq
(2006-08) AkUpi (2006-08) AkUpi (2006-08)AkUpi

qir SU
Principal Actuarial Assumptions
Particulars

Gratuity

Pension

Privilege Leave

Discount Rate

9.25%

9.25%

9.25%

Expected Return on Assets

9.15%

9.15%

NIL

Salary Escalation

5.50%

5.50%

5.50%

NIL

2.50%

NIL

Pension Escalation
Mortality

IALM (2006-08)
Ultimate

176

IALM (2006-08)
Ultimate

IALM (2006-08)
Ultimate

Sriu ij Axir q 31 qc, 2014 M xqmi uw M SUl mUuil


M.

(` MUQ q)

mUpwMi Sriu sp q mUuil


EmSl

uw M zAi q Q o A

mzl

uzwkMU N

1619.12

8584.93

706.01

xu sai

28.00

149.83

30.01

ore sai

126.28

672.06

58.74

oqMM Wlr / (sp)

39.51

225.32

(70.54)

sp pail

(202.57)

(596.28)

zlr

uw M Ai q Q o A

1,610.34

9035.86

724.22

Z. Axir M Eci qsr q mUuil


1

uw M zAi q relai Axir M Eci qsr

relai Axir mU mirzi UOl

uxiuM Mml AzSl

oqMM sp / (Wlr)

5
6

EmSl

mzl

uzwkMU N

1519.18

8080.08

113.43

634.29

293.33

137.46

484.67

sp pail

(202.57)

(596.28)

uw M Ai q relai Axir M Eci qsr

1567.50

8896.09

Change in obligation and assets over the year ending 31 Mar 2014
(` in Crore)
A

Changes in Defined Benefit Obligation (DBO)


Gratuity

DBO at beginning of the year

Pension

Privilege Leave

1619.12

8584.93

706.01

Service Cost

28.00

149.83

30.01

Interest Cost

126.28

672.06

58.74

Actuarial Losses / (Gains)

39.51

225.32

(70.54)

Benefit Payments

(202.57)

(596.28)

Nil

DBO at end of the year

1,610.34

9035.86

724.22

Changes in Fair Value of Assets

Fair Value of Plan Assets at beginning of the year

Expected Return on plan assets

Actual company contributions

Actuarial Gain / (Loss)

5
6

Gratuity

Pension

(` in Crore)
Privilege Leave

1519.18

8080.08

113.43

634.29

293.33

137.46

484.67

Benefits payments

(202.57)

(596.28)

Fair Value of Plan Assets at the end of the year

1567.50

8896.09

177

Alpuai CiWx

(` MUQ q)
EmSl

mzl

uzwkMU N

uw M Ai q mUpwi Sriu sp

1610.34

9035.86

724.22

uw M Ai q relai Axir

1567.50

8896.09

lkrl xji

(42.84)

(139.77)

(724.22)

relai SriA q Alpuai xqrel

46.89

813.58

(100.78)

relai Axir q Alpuai xqrel

137.46

484.67

Experience History
(` in Crore)
Gratuity

Pension

Privilege Leave

Defined Benefit Obligation at end of the year

1610.34

9035.86

724.22

Plan Assets at end of the year

1567.50

8896.09

Funded Status

(42.84)

(139.77)

(724.22)

Experience adjustments on plan liabilities

46.89

813.58

(100.78)

Experience adjustments on plan assets

137.46

484.67

(` MUQ q)
rj 31 qc, 2013 M islm q qlri mmi lus Axi (Sri)
EmSl

mzl

uzwkMU N

Sriu sp M uiql qsr

1,619.12

8584.93

706.01

relai Axir M Eci qsr

1519.18

8080.08

lkrl xji (Akzw / (bO)

(99.94)

(504.85)

(706.01)

islm q qlri mmi lus Axi / (Sri)

(99.94)

(504.85)

(706.01)

(` in Crore)
Net Asset (Liability) Recognized in Balance Sheet - 31 March 2013
Gratuity

Pension

Privilege Leave

Present value of Defined Benefit Obligation

1,619.12

8584.93

706.01

Fair Value of Plan Assets

1519.18

8080.08

Funded Status [Surplus/(Deficit)]

(99.94)

(504.85)

(706.01)

Net Asset / (Liability) recognized in the Balance Sheet

(99.94)

(504.85)

(706.01)

178

31 qc, 2014 M xqmi uw M sL lr urr mMOl

(` MUQ q)

lr urr M bOM
EmSl
1

uiql xu sai (mhir oqMi xukA M sL


eZq mqrq xWi)

mzl

uzwkMU N

28.00

149.83

30.01

126.28

672.06

58.74

(113.43)

(634.29)

ore sai

relai Axir q mirzi UOl

oqMM Wlr / (sp)

(97.95)

(259.35)

(70.54)

sp-Wl Zi q qlri mmi Ms lr urr

(57.10)

(71.75)

18.20

Disclosure of Employer Expense for the year ending 31 Mar 2014


(` in Crore)
Components of Employer Expense
Gratuity
1

Current Service Cost (including risk premiums for


fully insured benefits)

Pension

Privilege Leave

28.00

149.83

30.01

126.28

672.06

58.74

(113.43)

(634.29)

Interest Cost

Expected Return on Plan Assets

Actuarial Losses / (Gains)

(97.95)

(259.35)

(70.54)

Total Employer Expense recognized in P&L

(57.10)

(71.75)

18.20

islm q qlri mmi lus Axi / (Sri) - 31 qc, 2014

(` MUQ q)
EmSl

mzl

uzwkMU N

Sriu M uiql qsr

1,610.34

9035.86

724.22

relai Axir M Eci qsr

1567.50

8896.09

lkrl xji (Akzw / (bO)

(42.84)

(139.77)

(724.22)

islm q qlri mmi lus Axi / (Sri)

(42.84)

(139.77)

(724.22)

Net Asset/(liability) Recognised in Balance Sheet - 31 Mar 2014


(` in Crore)
Gratuity

Pension

Privilege Leave

Present value of Defined Benefit Obligation

1,610.34

9035.86

724.22

Fair Value of Plan Assets

1567.50

8896.09

Funded Status [Surplus / (Deficit)]

(42.84)

(139.77)

(724.22)

Net Asset / (Liability) recognized in the Balance Sheet

(42.84)

(139.77)

(724.22)

179

5.3

sZMl qlSQ- 17
17- ZQ UmOa:
pa M - MUoU ZQ:

(` MUQ q)
xqmi uw

MUoU ZQ

31.03.2014 31.03.2013

(M) ZQ Uexu
1 UeMw mUcsl

11079.17

10294.45

ZSU oMa mUcsl

10788.38

9463.97

jM oMa mUcsl

20806.56

17223.41

Alr oMa mUcsl

0.00

0.00

806.26

249.11

43480.37

37230.94

1463.00

1115.81

1722.43

1864.14

jM oMa mUcsl

2946.74

2705.43

Alr oMa mUcsl

0.00

0.00

6132.17

5685.38

664.02

204.63

(b) mUcsl sp

6796.19

5890.01

(X) mukl AU AMxqMiL

3733.00

2217.91

625.00

800.00

2438.19

2872.10

167100.83

150904.28

99619.98

78711.04

aU AoOi
Ms

(Z) ZQ mUhq
1 UeMw mUcsl
2 ZSU oMa mUcsl
3
4

Ms
(a) aU AoOi Ar / urur

(c) Ar MU
(N) lus sp
(e) Alr xclL
(f) ZQ Axir*
1 UeMw mUcsl
2 ZSU oMa mUcsl
3

jM oMa mUcsl

209370.03

171294.18

Alr oMa mUcsl

0.00

0.00

aU AoOi Axir
Ms

(g) ZQ SriL
1 UeMw mUcsl
2 ZSU oMa mUcsl

10332.76

9399.87

486423.60

410309.37

51466.11

28855.45

183552.33

156299.98

199789.78

180253.80

jM oMa mUcsl

Alr oMa mUcsl

0.00

0.00

aU AoOi SriL

27493.52

22055.59

me AU AUi lkr*

24121.86

22844.55

486423.60

410309.37

Ms
( mlqsrMl AUi lk M NQMU)
*

180

5.3

Accounting Standard-17 -Segment Reporting:


Part A Business Segment:
(` in Crore)
BUSINESS SEGMENT

Year ended
31.03.2014 31.03.2013

(a)

Segment Revenue

Treasury Operations

11079.17

10294.45

Retail Banking Operations

10788.38

9463.97

Wholesale Banking Operations

20806.56

17223.41

Other Banking Operations

0.00

0.00

Unallocated

806.26

249.11

43480.37

37230.94

Total
(b) Segment Results
1

Treasury Operations

1463.00

1115.81

Retail Banking Operations

1722.43

1864.14

Wholesale Banking Operations

2946.74

2705.43

Other Banking Operations

0.00

0.00

6132.17

5685.38

664.02

204.63

(d) Operating Profit

6796.19

5890.01

(e)

Provisions and Contingencies

3733.00

2217.91

(f)

Income Tax

625.00

800.00

2438.19

2872.10

167100.83

150904.28

99619.98

78711.04

209370.03

171294.18

0.00

0.00

10332.76

9399.87

486423.60

410309.37

51466.11

28855.45

Total
(c)

Unallocated Income/Expenses

(g) Net Profit


(h) Other Information
(i)

Segment Assets*

Treasury Operations

Retail Banking Operations

Wholesale Banking Operations

Other Banking Operations

Unallocated Assets
Total

( j)

Segment Liabilities

Treasury Operations

Retail Banking Operations

183552.33

156299.98

Wholesale Banking Operations

199789.78

180253.80

Other Banking Operations

0.00

0.00

Unallocated Liabilities

27493.52

22055.59

Capital and Reserves*

24121.86

22844.55

486423.60

410309.37

Total
(* Excluding Revaluation Reserve)

181

pa Z: pasM ZQ:

(` MUQ q)
xqmi uw
31.03.2014 31.03.2013

pasM ZQ
M

Sz mUcsl
Uexu
Axir
uSz mUcsl
Uexu
Axir
Ms
Uexu
Axir*

42431.73
449034.29

36645.47
386312.09

1048.64
37389.31

585.47
23997.28

43480.37
486423.60

37230.94
410309.37

(*mlqsrMl AUi lk M NQMU)


rW pUir Ueu oM qxOU mUm QoAQ.om.ox x.7/21.04.018/2013-14 SlM 01.07.2013 M AlxU irU Mr ar W|
Part B Geographical Segment:
(` in Crore)
GEOGRAPHICAL SEGMENT
A

Domestic Operations
Revenue
Assets
International Operations
Revenue
Assets
Total
Revenue
Assets*

Year ended
31.03.2014 31.03.2013
42431.73
449034.29

36645.47
386312.09

1048.64
37389.31

585.47
23997.28

43480.37
486423.60

37230.94
410309.37

(* Excluding Revaluation Reserve)


This has been prepared in terms of RBI Master Circular : DBOD.BP.BC No.7/21.04.018/ 2013-14 Dated 01.07.2013.
5.4

5.4

sZMl qlSQ-18 - xoki mO mMOMUh: xoki


mOr M lq AU oM M xj ElM xok - mkl MlU oM

Accounting Standard-18 - Related Party


Disclosures: Names of Related parties and their
relationship with the Bank- Parent Canara Bank

5.4.1 Key Management Personnel


i) Shri R K Dubey, Chairman & Managing Director
ii) Shri. Ashok Kumar Gupta, Executive Director
iii) Shri. V S Krishna Kumar, Executive Director
(from 04.04.2013)
iv) Shri. Pradyuman Singh Rawat, Executive
Director ( from 05.08.2013)
v) Smt. Archana S Bhargava, Executive Director
( till 22.04.2013)

5.4.1 qWiumh mokl MqM i) Ueu MzU So, Akr u mok lSzM
ii) AzM MqU ami, MrmsM lSzM
iii) u Lx MwhMqU, MrmsM lSzM
(04.04.2013 x)
iv) mql xW Uui, MrmsM lSzM
(05.08.2013 x)
v) qi Acl Lx pau, MrmsM lSzM
(22.04.2013 iM)

182

5.4.2 mkl
i) MlU oM

5.4.2 Parent
i) Canara Bank

5.4.3 Alwar

5.4.3 Subsidiaries
i) Canbank Financial Services Ltd.

i)

MloM Tllzrs xuxx s.

ii) MloM ucU MmOs TQ s.

ii) Canbank Venture Capital Fund Ltd.

iii) MloM TYOx s.

iii) Canbank Factors Ltd.

iv) MlU UoM Axi mokl Mml s.

iv) Canara Robecco Asset Management Company


Ltd.

v) MloM MmrOU xuxx s.

v) Canbank Computer Services Ltd.

vi) MlU oM xYrUOe s. (mWs asO xYrUOe


OQa MmUzl s. j)

vi) Canara Bank Securities Ltd. (formerly GILT


Securities Trading Corpn.Ltd)

vii) MlU Lc Lx o x AULlOs oM BT Mqx


sDT ClzrUlx Mml s.

vii) Canara HSBC Oriental Bank of Commerce Life


Insurance Company Ltd

5.4.4 xr Eq
i)

5.4.4 Joint Ventures


i) Commercial Bank of India LLC., Moscow

Mqzrs oM BT CQr LsLsx, qxM

5.4.5 Associates
i) Canfin Homes Ltd.

5.4.5 xWo xxjL


i)

MlTl Wqx sqOQ

ii) Commonwealth Trust (India) Ltd.

ii) Mqlusj OxO (CQr) sqOQ

iii) Regional Rural Banks sponsored by the Bank

iii) oM U mrei r aqh oM


M)

mai Mwh aqh oM ( pimu mai


aqh oM

Z)

MUs aqh oM (pimu xFj qsoU


aqh oM)

a)

Pragati Krishna Gramin Bank (Erstwhile


Pragati Gramin Bank)

b)

Kerala Gramin Bank (Erstwhile South


Malabar Gramin Bank)

5.4.6 Disclosure about transactions with Key


Management Personnel is as under:

5.4.6 qWiumh mokl MqM M xj slSl M mMOMUh


lqlui W:
(i) qWiumh mokl MqM M mUqM - ` 0.72
MUQ (mNs uw - ` 0.47 MUQ)

(i) Remuneration to Key Management Personnel


`0.72 Crore (Previous Year: `0.47 Crore)

(ii) mql xW Uui (MrmsM lSzM) M


MqcU Aux Gh ` 0.07 MUQ (mNs
uw- zlr)

(ii) Staff Housing Loan to Shri P S Rawat (Executive


Director) `0.07Crore (Previous Year NIL)
In terms of paragraph 5 of AS 18, transactions in the
nature of Banker-Customer relationship including
those with Key Management Personnel and relatives
of Key Management Personnel have not been
disclosed.

sZMl qlM 18 M mU 5 M AlxU qWiumh


mokl MqM ij ElM xokr M sl-Sl
xWi oMU-aWM xok mMi M sl-Sl M mMOMUh
lW Mr ar W |

183

5.4.7 Alwar, xWo xxjA Lu xr Eq M xj


xuruWU lqlui W:
(` MUQ q)
uuUh

EkU rj uwi M oMr


uw M SUl AkMiq oMr
eqL rj uwi M oMr
uw M SUl AkMiq oMr
eqA M lrel rj uwi M oMr
uw M SUl AkMiq oMr
Aaq rj uwi M oMr
uw M SUl AkMiq oMr
luz rj uwi M oMr
uw M SUl AkMiq oMr
cs Zi q zw rj uwi M oMr
uw M SUl AkMiq oMr
Alr mmr rj uwi M oMr
uw M SUl AkMiq oMr
AiU oM mipai mqhm- eU
ML aL rj uwi M oMr
uw M SUl AkMiq oMr

Alwar

xWo
xxjL u
xr Eq

zlr
(zlr)
zlr
(zlr)

49.40
(70.90)
49.40
(73.20)

125.91
(164.94)
212.85
(175.21)

1443.18
(968.81)
1453.18
(1059.57)

zlr
(zlr)
zlr
(zlr)

130.32
(118.07)
130.32
(118.07)

454.53
(423.46)
454.53
(698.77)

2679.16
(1595.99)
3135.40
(2044.66)

zlr
(609.80)
zlr
(609.80)

zlr
(99.75)
zlr
(99.75)

11.82
(10.14)
11.82
(10.14)

512.87
(150.32)
512.87
(168.38)

2.72
(0.05)
2.72
(0.05)

zlr
(zlr)
zlr
(zlr)

zlr
(zlr)
zlr
(zlr)

5.4.7 Transactions with Subsidiaries, Associates and


Joint Venture are as under:
(` in Crore)
Particulars

Borrowings Outstanding as at the year end


Maximum outstanding during
the year
DepositsOutstanding as at the year end
Maximum outstanding during
the year
Placement of Deposits
Outstanding as at the year end
Maximum outstanding during
the year
AdvancesOutstanding as at the year end
Maximum outstanding during
the year
InvestmentsOutstanding as at the year end
Maximum outstanding during
the year
Balance in current account
Outstanding as at the year end
Maximum outstanding during
the year
Other receivableOutstanding as at the year end
Maximum outstanding during
the year
Inter Bank Participation
Certificate Issued
Outstanding as at the year end

zlr
(1950.00)
1950
(1950.00)

Maximum outstanding during


the year

Subsidiaries Associates
& Joint
Ventures
NIL
(NIL)
NIL
(NIL)

49.40
(70.90)
49.40
(73.20)

125.91
(164.94)
212.85
(175.21)

1443.18
(968.81)
1453.18
(1059.57)

NIL
(NIL)
NIL
(NIL)

130.32
(118.07)
130.32
(118.07)

454.53
(423.46)
454.53
(698.77)

2679.16
(1595.99)
3135.40
(2044.66)

NIL
(609.80)
NIL
(609.80)

NIL
(99.75)
NIL
(99.75)

11.82
(10.14)
11.82
(10.14)

512.87
(150.32)
512.87
(168.38)

2.72
(0.05)
2.72
(0.05)

NIL
(NIL)
NIL
(NIL)

NIL
(NIL)
NIL
(NIL)

NIL
(1950.00)
1950
(1950.00)

(Figures in brackets relate to previous year)


(As compiled and certified by the management and relied
upon by the auditors)

mNs uw x xoki AMQ MM q S aD W)


(rj mokl U xMsi u mqhMi ij sZ mUM U Ai)

184

Mqzl mmr rj uwi M oMr


uw M SUl AkMiq oMr

Alr mmr rj uwi M oMr


uw M SUl AkMiq oMr

S ore

zlr
(3.18)
zlr
(3.18)

zlr
(zlr)
zlr
(zlr)

zlr
(0.04)
zlr
(0.55)

0.02

Commission ReceivableOutstanding as at the year end

NIL
(3.18)
NIL
(3.18)

NIL
(NIL)
NIL
(NIL)

NIL
(0.04)
NIL
(0.55)

0.02
(NIL)
0.02
(NIL)

13.11
(12.49)

95.48
(159.77)

Interest received

26.48
(44.24)

283.59
(191.03)

6.00
(8.24)

NIL
(NIL)

Maximum outstanding during


the year
Other payable
Outstanding as at the year end

(zlr)

0.02

Maximum outstanding during


the year

(zlr)

Interest paid

13.11
(12.49)

95.48
(159.77)

26.48
(44.24)

283.59
(191.03)

6.00
(8.24)

zlr
(zlr)

Dividend received

qrS eqA / eq mqhm M


cMi

zlr
(20.00)

zlr
(zlr)

Repayment of Fixed Deposits/


Certificate of deposits

NIL
(20.00)

NIL
(NIL)

qrS eqA / eq mqhm M


xuMi

10.00
(30.00)

zlr
(zlr)

Acceptance of Fixed Deposits/


Certificate of deposits

10.00
(30.00)

NIL
(NIL)

mS mqrq

98.74
(50.68)

zlr
(zlr)

Premium Paid

98.74
(50.68)

NIL
(NIL)

xu Emsok MUl

25.18
(37.74)

0.67
(2.38)

Rendering of Service

25.18
(37.74)

0.67
(2.38)

xuA M sL mS

49.97
(21.58)

0.02
(zlr)

Receiving for Services

49.97
(21.58)

0.02
(NIL)

72.05
(zlr)

zlr
(zlr)

72.05
(NIL)

NIL
(NIL)

mmi ore

mmi spz

lkrl sai ij ore xWi m Lx


r lmOl SriA M pail

Repayment of PSU Settlement


dues including funding cost and
Interest

mimi ML el M MUh milr MqcUr M SL aL uil


Cxq lW Szr ar W | MM q mNs uw M AMQ SL
aL W
(rj mokl U xMsi u mqhMi ij sZmUM U
Ai)

Salary to deputed staff is not shown as the same is


reimbursed. Figures in brackets relate to previous year.
(As compiled and certified by the management and relied
upon by the auditors.)

185

5.5

M
Z
a
b
Q
5.6

sZ qlM-20
qlM-20-m
-mi zrU Ael:

5.5

qs Lu ilMi D m Lx M ahl sZMl qlM


20- "mi zrU Ael" M AlxU M aD W |

Accounting Standard-20 - Earnings Per Share:


Basic and diluted earnings per equity share
are computed in accordance with Accounting
Standard 20, Earnings per Share.

qs mi zrU Ael M mUMsl lqllxU W:


uuUh
2013-2014 2012-2013
CYuO zrUkUM M MUh
uw M sL lus sp
(` MUQ q)
2438.19
2872.10
CYuO zrU M xZr
(MUQ q)
46.13
44.30
DYuO zrU M
pUi Axi xZr
(MUQ q)
44.75
44.30
mi zrU Ael
(M / a)(`)
54.48
64.83
mi zrU lqq qsr (`)
10/10/-

The Computation of EPS is given below:


Particulars
2013-2014 2012-2013
Net Profit for the year
attributable to Equity
Shareholders (` In Crore)
2438.19
2872.10
Number of Equity Shares
(In Crore)
46.13
44.30
Weighted Average
Number of Equity Shares
(In Crore)
44.75
44.30
Basic and Diluted Earnings
per Share (A/C) (`)
54.48
64.83
Nominal Value per Share (`)
10/10/-

B
C

D
E
5.6

sZ qlM - 22 - Ar mU MU M sZMl:
oM l Axjai MU Axir / SriA (Q O L / Q O
Ls) M lkUh Mr W AU rj 31.03.2014 M lus
Axjai MU Sri M lql mMU x sZMl Mr W:

Accounting Standard-22 Accounting for Taxes on


Income:
The Bank has recognized Deferred Tax Assets /
Liabilities (DTA / DTL) and has accounted for the
Net Deferred Tax as on 31.03.2014 as under:

Axjai MU Axir u Axjai MU SriA M mqZ


bOM lqllxU W:
uuUh
mipir mU Emci mUi mipir mU Sr lW
N lMSMUh
xjU Axir mU qsrx
Alr
ArMU Aklrq 1961 M kU 36(1)(viii) M iWi xei
uzw AUi lk mU Q O Ls
Axjai MU Axir / SriL

Particulars
Interest accrued but not due on securities
Leave Encashment
Depreciation on Fixed Assets
Others
DTL on Special Reserve created u/s 36(1)(viii) of IT
Act,1961
Deferred Tax Asset/ Liability

Major components of Deferred Tax Assets and


Deferred Tax Liabilities are as under:
(` MUQ q)
Axjai MU Axir
Axjai MU SriL
31.03.2014
31.03.2013
31.03.2014
31.03.2013
854.69
656.53
283.54
277.35
60.58
54.18
60.28
1.97
1189.65
344.12

331.53

Deferred Tax Assets


31.03.2014
31.03.2013
283.54
277.35
60.58
54.18

344.12

rj 31 qc, 2014 M lus Axjai MU Sri: `1760.50


MUQ (mNs uw: `326.97 MUQ)

331.53

2104.61

658.50

(` in Crore)
Deferred Tax Liability
31.03.2014
31.03.2013
854.69
656.53

60.28
1189.65

1.97

2104.61

658.50

Net Deferred Tax Liability as on March 31, 2014:


` 1760.50 Crore (Previous year : ` 326.97 Crore)

186

5.7

sZMl qlM - 27 - xr Eq q Wi xok ur


UmOa:

5.7 Accounting Standard - 27 - Financial Reporting of


Interests in Joint Ventures
Investments include `87.89 Crore (at the exchange
rate of the transaction date) in the Commercial Bank
of India LLC (Incorporated in Russia) wherein the
Bank owns 40% of the equity.

luz q Mqzrs oM BT CQr Ls.Ls.x. (x q


laqi) `87.89 MUQ zqs W (sl-Sl M iUZ M
ulqr SU mU) exq oM M 40% Wxx W |
sZMl qlM 27 M AmlxU (xr m x lri
xxj q oM M Wi 40%) x xoki mUxmr, SriA,
Ar ij urr M xqa Uz M mMOl AksZi Mr
ar W:

As required by AS 27 the aggregate amount of


the assets, liabilities, income and expenses (Banks
interest @ 40% in jointly controlled entity) is
disclosed as under:

Mqzrs oM BT CQr Ls.Ls.x. - mUxmr, SriA, Ar ij urr M orU


uuUh

31.03.2014 31.03.2014
M xqmi
M xqmi
cs uw
cs uw
AqUM QsU
`
000 q
MUQ q

31.03.2013 31.03.2013
oM M zrU
oM M zrU
M xqmi ai M xqmi ai
@ 40
40%
@ 40
40%
uw
uw
AqUM QsU
`
`
`
000 q
MUQ q
MUQ q
MUQ q

Ms me u AUi lkr

42,403

254.06

101.62

34,961

189.79

75.91

Ms SriL

59,458

356.24

142.50

57,547

312.39

124.96

Ms Axir

101,861

610.30

244.12

92,508

502.18

200.87

Ms Ar

7,212

43.21

17.28

7,538

41.01

16.40

Ms urr

3,141

18.82

7.53

3,429

18.65

7.46

sp

4,071

24.39

9.75

4,109

22.36

8.94

Commercial Bank of India LLC - Details of Assets, Liabilities, Income & Expenses
Particulars

Current
Current
Previous
Previous Banks share
share year
year ended year ended Banks
ended
year
ended
31/03/2014 31/03/2014 @ 40% 31/03/2013 31/03/2013 @ 40%
In 000 US
Dollars

` in Crore

` in Crore

In 000 US
Dollars

` in Crore

` in Crore

Aggregate Capital and Reserves

42,403

254.06

101.62

34,961

189.79

75.91

Aggregate Liabilities

59,458

356.24

142.50

57,547

312.39

124.96

101,861

610.30

244.12

92,508

502.18

200.87

7,212

43.21

17.28

7,538

41.01

16.40

Aggregate Assets
Aggregate Income
Aggregate Expenditure

3,141

18.82

7.53

3,429

18.65

7.46

Profit

4,071

24.39

9.75

4,109

22.36

8.94

E AMQ lqllxU mUuii Mr ei W:

The above figures have been translated at:

Axir ij SriL WeU SU 31.03.2014 r Lx Q


1=` 59.9150 AU 31.03.2013 r Lx Q 1= `54.2850

Assets and liabilities: @ spot rate: 31/03/2014 USD


1= `59.9150 and 31/03/2013 USD 1= ` 54.2850

Ar ij urr Axi SU 31.03.2014 r Lx Q 1 = `60.4494


AU 31.03.2013 r Lx Q 1 = `54.3988

Income & Expenditure: @ Average rate: 31/03/2014 USD


1= ` 60.4494 and 31/03/2013 USD 1= ` 54.3988

(*rj mokl U xMsi u mqhMi ij sZmUM U


Ai )

(*As compiled and certified by the management and


relied upon by the auditors)

187

5.8 sZMl qlM - 28 - Axir M i:

5.8 Accounting Standard 28 - Impairment of Assets:


In the opinion of the Management, there is no
indication of impairment of any of its Fixed Asset
as at 31.03.2014 requiring recognition in terms of
Accounting Standard 28 issued by the Institute of
Chartered Accountants of India.

mokl M Ur q, 31.03.2014 iM uxiUi CxM


Acs xm M Mx p xqa mU MD i M xMi
lW W exM pUir xlS sZMU xxjl U eU sZ
mhs qlM 28 M lokl q lkUh M eUi W |
5.9

sZMl qlM - 29 - mukl, AMxqM SriL AU AMxqM Axir:


01.04.2013 M
uw M SUl
mUp
olL aL mukl

uuUh
AMxqM SriA M sL mukl M csl
5.9

93.00

(` MUQ q)

umx /
xqrei ML
ar mukl

31.03.2014 M
xqml

93.00

10.09

10.09

Accounting Standard 29 Provisions, Contingent Liabilities and Contingent Assets:


(` in Crore)
Opening as on Provision made
01.04.2013 during the year

Particulars
Movement of Provision for Contingent Liabilities

93.00

10.09

Provision
reversed /
adjusted

Closing as on
31.03.2014

93.00

10.09

6. AiU mMOMUh

6. Additional Disclosures

6.1 uw M SUl ML aL mukl AU AMxqM urr M


orU:

6.1 Details of Provisions and Contingencies made during


the year:
(` in Crore)

(` MUQ q)
uuUh

31.03.2014

31.03.2013

Particulars

luz qsrx / Ll m
AD M sL mukl

692.42

(371.31)

AleM Axir M sL
mukl

Provision for
Depreciation on
Investment and NPI

2135.04

1860.99

Provision towards NPA

qlM mUxmr M sL
mukl

478.41

255.61

MU M sL mukl (Axjai MU Sri xWi)

625.00

800.00

Eci qsr q x M sL
mukl

(6.32)

361.46

mUxm M zM uxs M
sL mukl

8.00

21.00

Sz Gh eZq M sL
mukl

7.00

Alr AMxqMiA ij
LT AD O Ls M sL
mukl
Ms

31.03.2014

31.03.2013

692.42

(371.31)

2135.04

1860.99

Provision towards
Standard Asset

478.41

255.61

Provision for Tax


(includes Deferred Tax
Liability )

625.00

800.00

(6.32)

361.46

Provision for Asset


Doubt Of Recovery

8.00

21.00

NIL

Provision for Country


Risk Exposure

7.00

NIL

418.45

90.16

Provision for FITL and


other contingencies

418.45

90.16

4358.00

3017.91

4358.00

3017.91

Provision for Diminution


in Fair Value

TOTAL

188

6.2 AxjD mukl:


uuUh
mUpM zw
uw M SUl xukl

31.03.2014
zlr
zlr

6.2 Floating Provision:

(` MUQ q)
31.03.2013
zlr
zlr

uw M SUl AWUi Uz

zlr

zlr

Ci zw

zlr

zlr

Particulars
Opening Balance
Addition during the year
Draw down during the
year.
Closing Balance

6.3 mi-cr muklMUh oTU:

31.03.2014
NIL
NIL

(` in Crore)
31.03.2013
NIL
NIL

NIL

NIL

NIL

NIL

6.3 Counter Cyclical Provisioning buffer:

pUir Ueu oM l Aml mUm QoAQ


x.95/21.04.048/2013-14 SlM 7 TUuU, 2014 M iWi
mi-cr Emr M m q Cx oi M Alqi S W M
oM, ElM U rj qc 31, 2013 M kUi mi-cr
muklMUh oTU/Axjir mukl M 33 mizi iM M
CxiLqs aU-lwm?Sl Axir M sL uzw mukl MUl
M sL MU xMi W | iSlxU, oM l `23.10 MUQ M
CxiAqs Almrer Axi M xok q mukl MUl M
sL Mr W e M Ms `70 MUQ M cr muklMUh
oTU M 33 mizi W |

Reserve Bank of India Vide their Circular DBOD.


No.BP.95/21.04.048/2013-14 dated February 7,
2014 permitted as a counter cyclical measure that
banks may utilise upto 33 percent of countercyclical
provisioning buffer / floating provisions held by them
as on March 31, 2013, for making specific provisions
for non-performing assets. Accordingly Bank has
used `23.10 Crore, being 33 percent of the total
countercyclical provisioning buffer of Rs 70 Crore for
making provision for NPA.

Aa, pUir pUir Ueu oM l Aml mUm QoAQ


om ox x.98/21.04.132/2013-14 SlM 26 TUuU,
2014 M iWi oM M rW Alqi S W M EmU
4 Mji AlxU, rj 31 qc, 2013 M ElM U kUi
Lx mukl M 33 mizi iM mi-cr/AxjU mukl
M CxiMqs MUl M Asu oM U Almrer Axi M
ur (rl eo ur M qsrU lus oW qsrM (Llou)
x Mq W) M Tsxum Eimo Wlus Mx Mq M
mi M sL M e xMi W | iSlxU, oM l `46.90
MUQ M mi-cr muklMUh oTU Uz M Cxi?qs
Almrer Axi Zi M ur M TsxuUqm Eimll Mq
M mi M sL M W |

Further, Reserve Bank of India Vide their Circular


DBOD.BP.BC.No.98/21.04.132/2013-14 dated Feb.
26, 2014 has also permitted the Bank that in addition
to utilisation of countercyclical / floating provision
up to 33 percent of such provisions held by them as
on March 31, 2013 as stated above, Banks can also
use countercyclical / floating provisions for meeting
any shortfall on sale of NPA i.e. when the sale is at
a price below the net book value (NBV). Accordingly
Bank has used balance amount of Counter Cyclical
Provisioning buffer of `46.90 Crore for meeting the
shortfall on sale of NPA accounts.
6.4 Draw Down from Reserves:
Pursuant to Reserve Bank of Indias (RBIs) Circular No
DBOD.No.BP.BC.77/21.04.018/2013-14 dated 20th
December 2013, the Bank has created Deferred Tax
Liability (DTL) on the Special Reserve under section
36(1)(viii) of the Income-Tax Act, 1961. As required by
the said RBI circular, the expenditure, amounting to
`1189.65 Crore due to the creation of DTL on Special
Reserve as at March 31,2013, not previously charged
to the Profit and Loss Account, has now been adjusted
directly from the reserves. Had this amount been
charged to the Profit and Loss Account in accordance
with the generally accepted accounting principles
in India, the amount of Profit for the year had been
lower for the year by such amount. Further, no special
reserve has been created during the current year.

6.4 AUi lkr x AWUi:


pUir Ueu oM M mUm x. QoAQ x.om.ox.77/
21.04.018/2013-14 SlM 20 SxoU, 2013 M AlxU
oM l Ar MU Aklrq, 1961 M kU 36(1)(viii) M
iWi uzw AUi lkr mU Axjai MU Sri (QOLs)
xei Mr | E mUm M AlxU rj 31 qc 2013 M
uzw AUi lkr mU QOLs xei MUl M MUh WL
`1189.65 MUQ M urr, e mWs sp-Wl Zi x mpUi
lW Mr ar j, M Ao xk AUi lkr x xqrei
Mr ar | rS pUi q xqlrir xuMi sZMl qlM
M AlxU Ex Uz M sp-Wl Zi q mpUi Mr ar
i, uw M sL sp Eil Uz x Mq W ei | Aa, cs
uw M sL MD uzw AUi lk M xel lW Mr
ar W |

189

6.5 zMri / oMa sMms M lhr M aU Mrlurl M


mMOMUh :

6.5 Disclosure of Complaints / unimplemented awards


of Banking Ombudsmen:

M) aWM zMri
L O Lq xoki zMri xWi)

(L
x. uuUh

A. Customer Complaints (Including ATM Related


Complaints)

(M) uw
M
(Z) uw
M
(a) uw
M
(b) uw
M

M AUp q soi zMri


xZr
M SUl mmi zMri
xZr
M SUl luUi zMri
xZr
M Ai iM soi zMri
xZr

Sl.No. Particulars
1708

(a)

Number of complaints pending at the


beginning of the year

1708

90286

(b)

Number of complaints received during


the year

90286

90729

(c)

Number of complaints
during the year

redressed

90729

1265

(d)

Number of complaints pending at the


end of the year

1265

B. Awards passed by the Banking Ombudsmen

Z) oMa sMms U lhr


x. uuUh
M AUp q AMrlui lhr
(M) uw
M xZr
M SUl mmi lhr
(Z) uw
M xZr
M SUl luUi lhr
(a) uw
M xZr
M Ai iM soi AMrlui
(b) uw
lhr M xZr

Sl.No. Particulars
2

(a)

Number of unimplemented Awards at


the beginning of the year

19

(b)

Number of Awards received during


the year

19

19

(c)

Number of Awards redressed during


the year

19

(d)

Number of unimplemented Awards


pending at the end of the year

6.6 cMi Axl m eU MUl:

6.6 Issuance of Letters of Comfort:


Bank has issued 2135 no. of Letters of Comfort to the
tune of `22397.68 Crore during the financial year.
The cumulative outstanding position of 885 no. of
LOC as on 31.03.2014 is `7744.17 Crore. Apart from
this, Bank has also issued Letter of Comfort to the
following regulators:

ur uw M SUl oM U `22397.68 MUQ M 2135


cMi Axl m eU Mr ar| rj 31.03.2014 M
E m M xci xji `7744.17 MUQ M 885 W |
ClM Asu oM U lqlMi ulrqM M cMi
Auxl m eU Mr ar:
uw 2013-2014 M SUl eU cMi Auxl m:

LOC issued during the year 2013-2014:

zlr

mWs eU ML aL cMi Auxl m:

Nil.

LOC issued in the past:

cl oMa UarsOU Mqzl cl (zbD zZ M sL


2008-09 M SUl)

China Banking Regulatory Commission, China


(During 2008-09, for Shanghai Branch).

r L D M xOs oM (milk Mrsr, zUeW M sL


2009-10 M SUl)

Central Bank of the UAE (During 2009-10, for


Representative Office, Sharjah)

oWUl M xOs oM (qlq zZ M sL 2009-10 M


SUl)

Central Bank of Bahrain (During 2009-10 for Manama


Branch, Bahrain).

Sh ATM Ueu oM (eWlxoa, Sh ATM q


mxiui zZ M sL 2011-12 M SUl)

South African Reserve Bank ( During 2011-12 for the


proposed branch at Johannesburg, South Africa)

190

ur
u
r mpu:

Financial Impact:
LOCs are issued by the Bank on behalf of overseas units
undertaking to meet all liabilities and obligations of the
overseas unit.

cMi Axl m oM U uSz CMCr M AU x uSz


CMD M xp SlSUr ij Sriu M mU MUl M bwh M
xj eU Mr ei W |

There is no financial impact in respect of LOCs issued


on behalf of representative office since there is no
commercial transaction and hence no external liabilities.

milk Mrsr M AU x eU M aD cMi Axl m M


mi, MD uherM sl-Sl ij MD o SlSUr lW Wl M
MUh, MD ur mpu lW W |

In respect of overseas branches, the liabilities of the


branches are included in the Balance Sheet of the Bank.
Hence, there is no additional financial impact to be
reported.

uSz zZA M xok q zZA M SlSUr oM M isl


m q zqs Mr ar W | Ai: MD AiU ur mpu UmO
MUl M AuzrMi lW W |
oM M uSz q MD Alwar lW W | qxM q pUir

The Bank has no subsidiaries overseas. The Bank has one


joint venture (JV) overseas in Moscow with State Bank of
India and the Bank has not issued any LOCs on behalf of
the said joint venture.

xOO oM M xj oM M LM xr Eq W ij E xr
Eq M AU x oM l Ao iM MD cMi Axl m eU
lW Mr W |

Hence, there is no additional financial impact on account


of LOCs issued to overseas Regulators, as at 31.03.2014.

Ai: rj 31.03.2014 M uSz ulrqM M eU M aD


cMi Axl m M mi MD AiU ur mpu lW W |

6.7 Provision Coverage Ratio is 60.11% as on 31.03.2014


(Previous Year 61.35%):

6.7 rj 31.03.2014 iM mukl muUh Almi 60.11% UW


(mNs uw 61.35%) |
6.8 oM U oMLzrUx MUoU AS x mmi zsM /
qlSr:

6.8 Fees / Remuneration received by the Bank from


Bancassurance Business etc:

(` MUQ q)

(` in Crore)

x.

uuUh

Sl.
No.

31.03.2014 31.03.2013

Nature of Income

31.03.2014 31.03.2013

eul oq msxr M
ur

26.12

25.90

For selling Life


Insurance Policies

26.12

25.90

aU-eul oq msxr
M ur

13.80

11.92

For selling Non Life


Insurance Policies

13.80

11.92

qrcAs TQ EimS M
ur

5.90

4.95

For selling Mutual


Funds Products

5.90

4.95

Alr (xuxjr oq
msx)

0.73

Other (Health
Insurance Policies)

0.73

46.55

42.77

46.55

42.77

Ms

TOTAL

6.9 eqA, Aaq, luz u Ll m L M MSMUh:

6.9 Concentration of Deposits, Advances, Exposures and


NPAs

191

6.9.1 eqA M MSMUh:

6.9.1 Concentration of Deposits:

(` MUQ q)

ox oQ eqMiA M Ms eq
oM M Ms eqA q x ox oQ eqMiA
M eqA M mizi

6.9.2 Aaq M MSMUh:

(` in Crore)

62401.17

Total Deposits of twenty largest depositors

62401.17

14.83%

Percentage of Deposits of twenty largest


depositors to Total Deposits of the Bank

14.83%

(` MUQ q)

ox oQ EkUMiA M Ms Aaq

6.9.2 Concentration of Advances:

28874.71

oM M Ms Aaq q x ox oQ EkUMiA M
Aaq M mizi
6.9.3 luz M MSMUh:

Total Advances to twenty largest borrowers


Percentage of Advances to twenty largest
borrowers to Total Advances of the Bank

9.59%

oM M Ms luz q x ox oQ EkUMiA/
aWM M luz M mizi

6.9.4 Ll m L M MSMUh:

59402.17

Total Exposure to twenty largest borrowers/


customers

59402.17

11.11%

Percentage of Exposures to twenty largest


borrowers / customers to Total Exposure of
the bank on borrowers / customers

11.11%

6.9.4 Concentration of NPAs:


(` in Crore)

Total Exposure to top four NPA accounts

1165.85

6.10 - uU Ll m L

x.

9.59%

(` in Crore)

(` MUQ q)

mjq cU LlmL Zi M Ms luz

28874.71

6.9.3 Concentration of Exposures:

(` MUQ q)

ox oQ EkUMiA / aWM M Ms luz

(` in Crore)

1165.85

6.10 Sector - wise NPAs


Ex q Ms Aaq q x
Ll m L M mizi

Sl.
No.

Sector

Percentage of NPAs to
Total Advances in that
sector

Mw u xo r
Msm

2.01

Agriculture & allied


activities

2.01

Ea (xq u sb,
qkrq ij oQ)

3.36

Industry (Micro &


Small, Medium and
Large)

3.36

xuL

4.51

Services

4.51

urai Gh

0.94

Personal Loans

0.94

192

6.11

Ll m L M AiUh:

6.11 Movement of NPAs

(` MUQ q)

uuUh

(` in Crore)

Uz

Particulars

Amount

rj 1 Ams 2013 iM xMs Ll m L


(AUpM zw)

6260.16

Gross NPAs as on 1st April 2013


(Opening Balance)

6260.16

uw M SUl mUukl (lL Ll m L)

8443.62

Additions (Fresh NPAs) during the year

8443.62

Em - Ms (M)

Sub-total (A)

14703.78

14703.78

bOL:-

Less:-

(i) Ail

(i) Upgradations

2853.26

(ii) uxsr (Aili Zi x M aD


uxsr M Asu)

2689.06

(ii) Recoveries (excluding recoveries


made from upgraded accounts)

2689.06

(iii) iMlM / mQzrs o Zi q Qsl

1010.45

(iii) Technical/ Prudential Write-offs

1010.45

(iv) E (iii) M Asu o Zi


Em Ms (Z)
rj 31 qc 2014 iM xMs Ll m L
(Ci zw) (M-Z)
6.12

(iv) Write-offs other than those under (iii)


above

580.80

Sub-total (B)
Gross NPAs as on 31st March 2014
(closing balance) (A-B)

7133.57
7570.21

iMlM o Zi q Qsl ij iimi olL uxs


M AiUh :
(` MUQ q)
uuUh

580.80
7133.57
7570.21

6.12 Movement of Technical Write off and the


recoveries made thereon:
(` in Crore)
Particulars

31.03.2014 31.03.2013

31.03.2014 31.03.2013

6416.90

Opening balance of
Technical/ Prudential
written-off accounts as
at April 1

7396.09

6416.90

1010.45

1321.54

Add: Technical/
Prudential write-offs
during the year

1010.45

1321.54

8406.54

7738.44

Sub-total (A)

8406.54

7738.44

1021.78

342.35

7384.76

7396.09

rj Ams 1 M iMlM /
mQzrs o Zi q Qs
aL Zi M mUpM zw

7396.09

eQ: uw M SUl iMlM/


mQzrs o Zi q Qs
aL Zi
Em Ms (M)
bOL: uw M SUl iMlM/
mQzrs o Zi q Qs
aL Zi x mWs M aD
uxs (Z)*

1021.78

342.35

Less: Recoveries
made from previously
technical/ prudential
written-off accounts
during the year (B)*

rj qc 31 M Ci zw
(M - Z)

7384.76

7396.09

Closing balance as at
March 31 (A-B)

*zZA M AiUi uxiuM o Zi ij ulqr EiU-cRu


xWi

* including actual write off transferred to Branches and


exchange fluctuation

193

6.13

xqSmUr Axir, Ll m L u Uexu

uuUh

(` in Crore)

Uz

Ms Axir

Particulars

198.94
168.76

Total Revenue

1048.63

isl m q zqs
zqs l Wl us mrei Lx m u
(sZMl qlSQ M AlxU xqMi ML el M
AuzrMi W)

1048.63

6.14 Off-balance Sheet SPVs sponsored (which are


required to be consolidated as per accounting
norms)

mrei Lx m u M lq

6.15

37389.31

Total NPAs : Gross


Net

198.94
168.76

Ms Uexu

Amount

Total Assets

37389.31

Ms Ll m L : xMs
lus

6.14

6.13 Overseas Assets, NPAs and Revenue

(` MUQ q)

Name of the SPV sponsored

bUs

xqSmUr

Domestic

Overseas

zlr

zlr

NIL

NIL

6.15 In accordance with the guidelines issued by


Reserve Bank of India vide their Circular No.DBOD.
BP.BC.80/21.04.018/2010-11 dated 09.02.2011,
the Bank has debited Profit & Loss Account a sum
of `370.72 Crore during the year ended 31.03.2014
on proportionate basis towards unamortized
liability of `1853.57 Crore (being amortized over 5
years beginning from 31st March 2011) on account
of reopening of pension option during 2010-11 for
existing employees who had not opted for pension
earlier. The balance amount of `370.72 Crore will
be dealt as per guidelines of RBI.

pUir Ueu oM U mUm x. QoAQ.om.


ox.80/21.04.018-2010-11 SlM 09.02.2011 M
U eU SzlSz M Almsl q el MqcUr l
mWs mzl uMsm lW cl j ElW 2010-2011 M SUl
mzl uMsm cll M MUh oM l `1853.57 MUQ (31
qc 2011 x AUp MU 5 uw x mUzki Mr e
UW W) M AmUzki Sri mU Alql M AkU mU
31.03.2014 M xqmi uw M SUl `370.72 MUQ M
Uz sp u Wl Zi q lq M W| pUir Ueu oM
M SzlSz M AlxU `370.72 MUQ M zw Uz
lmOr eLa |

The Bank has debited Profit & Loss Account a sum


of `135.91 Crore during the year ended 31.03.2014
on proportionate basis towards unamortized
liability of `679.52 Crore (being amortized over
5 years beginning from 31st March 2011) on
account of enhancement of gratuity limit. The
balance amount of `135.91 Crore will be dealt as
per guidelines of RBI.

EmSl sqO q oRU M MUh `679.52 MUQ


(31 qc 2011 x AUp MU 5 uw x mUzki Mr
e UW W) M AmUzki Sri mU Alql M AkU mU
31.03.2014 M xqmi uw M SUl oM l `135.91 MUQ
M Uz sp u Wl Zi q lq M aD| pUir Ueu
oM M SzlSz M AlxU `135.91 MUQ M zw
Uz lmOr eLa |

194

6.16

mipiMUh x xoki mMOl:

x.
1.
2.
3.

4.

6.16.
Sl.
No.
1.
2.
3.

(` MUQ q)

uuUh

xZr / Uz

mipiMUh xuruWU M sL oM U mrei Lx m u M xZr


oM U mrei Lx m u M oWr M AlxU mipiMi Axir M Ms Uz
rj isl m M iUZ M Lq AU AU M Almslj oM U mikUi luz M Ms Uz
M) isl m q zqs l Wlus luz
mjq Wl
Alr
Z) isl m q zqs Wlus luz
mjq Wl
Alr
Lq AU AU M Asu mipiMUh xuruWU M Uz
M) isl m q zqs l Wlus luz
mipiMUh M sL luz
i) mjq Wl
Alr
ixU m mipiMUh M sL luz
ii) mjq Wl
Alr
Z) isl m q zqs Wlus luz
mipiMUh M sL luz
i) mjq Wl
Alr
ixU m mipiMUh M sL luz
ii) mjq Wl
Alr

Disclosure relating to Securitisation:

zlr

(` in Crore)
No./
Amount

Particulars

No of SPVs sponsored by the bank for securitization transaction


Total amount of securitized assets as per books of the SPVs sponsored by the bank
Total amount of exposures retained by the bank to comply with MRR as on the date of balance sheet
a) Off-balance sheet exposures
First loss
Others
b) On-balance sheet exposures
First loss
Others
4. Amount of exposures to securitization transactions other than MRR
a) Off-balance sheet exposures
Exposure to own securitizations
i) First loss
Others
Exposure to third party securitizations
ii) First loss
Others
b) On-balance sheet exposures
Exposure to own securitizations
i) First loss
Others
Exposure to third party securitizations
ii) First loss
Others

195

NIL

6.17

Gh QTsO xum (xQLx): zlr

6.17. Credit Default Swaps (CDS): NIL

6.18

oM l AMi qsr `10 M 1,82,58,837 DYuO

xMsm M qkrq x oM M zrUkUM M xWqi M


xj Mr ar |

6.18 During the year Bank had issued and allotted


1,82,58,837 Equity shares of face value of `10
each for cash at an issue price of `273.84 including
premium of `263.84 to the Government of India
(GOI) on preferential basis on 31.12.2013 with the
consent of the Shareholders of the Bank by way
of Special Resolution passed in the Extraordinary
General Meeting of the Bank held on 31.12.2013.

lkM ore qrS Gh:

6.19 Funded Interest Term Loan:

zrU M mi zrU `263.84 M laq qsr mU pUi


xUMU M Akqli AkU mU SlM 31 SxoU, 2013
M AoOi Mr ar | rW AoOl SlM 31.12.2013
M Arei AxkUh xqlr oPM q mUi uzw

6.19

mlxUci lkM orMe xuk Gh M Ar M m

The Funded Interest Term Loan in respect of


Restructured Advances was recognized as
Income and dealt accordingly in the accounts
till 31.03.2013. However, Reserve Bank of
India vide their communication DBOD.
No.BP.12415/21.04.132/2013-14 dated January
3, 2014 directed the Bank to reverse the income
by charging the same to Profit and loss account.
Reserve Bank of India as a one time measure

q mWcl MU iSlxrU sZ q Ex mU MUuD M


ar | ijm, pUir Ueu oM l Aml m QoAQ x.
om/12415/21.14.132/2013-14 SlM 3 eluU, 2014
M iWi oM M rW lSz Sr W M uW sp u Wl
Zi q mpU sai WL Ar M miuil MU | pUir
Ueu oM l LMoUa Emr M m q oM M Alqi
S W M uW rj 31.03.2013 M LTADOLs M sL
Ami mukl lqi MU exM urrmi SxoU 2013

has permitted the Bank to create the provision


required for FITL as on 31.03.2013 to be spread
over four quarter starting from December 2013
to September 2014. Accordingly Bank has charged
`264.32 Crore to profit and loss account during the
year ended 31.03.2014 out of the total provision
required ` 528.63 Crore for FITL as on 31.03.2013.

x mUp WMU xioU 2014 iM cU iqWr M sL


UWa | iSlxU, rj 31.03.2013 M LTADOLs M
sL Ami Ms ` 528.63 MUQ q x oM l uwi
31.03.2014 M SUl 264.32 MUQ M Uz M sp u
Wl Zi M mpUi Mr |
6.20

20 uw M SUl oM l uil xzkl, e 01 luoU,

6.20 Provision of `240 Crore has been made during the


year towards arrears for wage revision, which will
be effective from 1st November 2012 pending
negotiation by IBA. Banks has made a provision of
`325 Crore ( Previous year `85 Crore)

2012 x mpu W ij ADoL M xqfi Wi soi W,


M oML Wi `240 MUQ M mukl olr W | oM l
Ao iM `325 MUQ M mukl olr W (mNs uw
`85 MUQ)
6.21

6.21 Pending clarification from Ministry of Corporate


Affairs (MCA), a sum of `1.65 Crore being Unpaid/
Unclaimed dividend is yet to be transferred to
Investor Education and Protection Fund (IEPF) as
per Sec 10B of Banking Companies (Acquisition

oMa Mml (Emq M AkaWh ij AiUh) Aklrq,


1970 M kU 10 o M AlxU `1.65 MUQ M AmS /
ASu spz luzM z u xU lk (ADDmLT)
M AiUi Mr el W exM xmMUh MmUO Mr

and Transfer of Undertakings) Act, 1970.

qsr x soi W |

196

7.

eW MW AuzrM W mNs uw M AMQ mlxqWi /

7.

Figures of the previous year have been regrouped/


rearranged / reclassified wherever necessary.

ml: qo / mluaMi Mr ar W |

u xMqU
qQs mokM

Lq cS zZU
xWrM qW mokM

Ll xuzMUl
Em qW mokM

Ll xsuUel
qW mokM

mql xW Uui
MrmsM lSzM

u Lx Mwh MqU
MrmsM lSzM

AzM MqU ami


MrmsM lSzM

Ueu MzU So
Akr u mok lSzM

Q. Uei pau
lSzM

e u xozu Uu
lSzM

e u qhqUl
lSzM

xls WYqcS McO


lSzM

xil xlW
lSzM

UelSU MqU ars


lSzM

xer el
lSzM

xqxZrM ij M WqU UmO M AlxU


Mi
sMU LhQ M
xlS sZMU

Mi
m cmQ LhQ M
xlS sZMU

z Ll mZlr
xfSU

mSm MqU cmQ


xfSU

Mi
Mi
L AU Sx LhQ LxxLOx Lx x uxSu LhQ M
xlS sZMU
xlS sZMU
zrqs MqU lrM
xfSU

xer uxSu
xfSU

Mi
ulr MqU LhQ M
xlS sZMU

Mi
TQ, UQx mYx LhQ M
xlS sZMU

lZs xbs
xfSU

L Q zhr
xfSU

oasU
05 qD, 2014

V SUKUMAR
DIVISIONAL MANAGER

M CHANDRA SEKHAR
ASSISTANT GENERAL MANAGER

N SIVASANKARAN
DEPUTY GENERAL MANAGER

N SELVARAJAN
GENERAL MANAGER

P S RAWAT
EXECUTIVE DIRECTOR

V S KRISHNA KUMAR
EXECUTIVE DIRECTOR

ASHOK KUMAR GUPTA


EXECUTIVE DIRECTOR

R K DUBEY
CMD

Dr. RAJAT BHARGAVA


DIRECTOR

G V SAMBASIVA RAO
DIRECTOR

G V MANIMARAN
DIRECTOR

SUNIL HUKUMCHAND
KOCHETA
DIRECTOR

SUTANU SINHA
DIRECTOR

RAJINDER KUMAR GOEL


DIRECTOR

SANJAY JAIN
DIRECTOR

For
VINAY KUMAR & Co.
Chartered Accountants

For
FORD RHODES PARKS & Co.
Chartered Accountants

NIKHIL SINGHAL
Partner

A D SHENOY
Partner

AS PER OUR REPORT OF EVEN DATE


For
LOONKER & Co.
Chartered Accountants

For
P CHOPRA & Co.
Chartered Accountants

HRUDYESH N PANKHANIA
Partner

PRADEEP KUMAR CHOPRA


Partner

For
For
A R DAS & ASSOCIATES S C VASUDEVA & Co.
Chartered Accountants Chartered Accountants
SYAMAL KUMAR NAYAK
Partner

BANGALORE
MAY 05,2014

197

SANJAY VASUDEVA
Partner

xip 3 (oxs II
II)) mMOl

Pillar 3 (BASEL II) Disclosures


TABLE DF 1: SCOPE OF APPLICATION

ahiqM mMOl:

Qualitative Disclosures:

M. oM M lq exM sL rW Rc sa W: MlU oM

a. The name of the Bank to which the framework


applies : CANARA BANK

Z. xqW M Aiai lMr M xmi uuUh xWi sZMl


AU ulrqM Ezr M sL xqMl M AkU q AiU x
xoki mUZ

b. An outline of differences in the basis of consolidation


for accounting and regulatory purposes, with a brief
description of the entities within the group:

(i) e mhi xqMi W (ex xqMi sZMl q


Alwar W, ESWUh M sL L Lx 21, exM
kUh >50 W)

(i) That are fully consolidated (viz., subsidiaries as


in consolidated accounting, e.g. AS 21, having
holding > 50%)

mMOl mm isM 1: Almra M Mr

1.

1. Canbank Venture Capital Fund Ltd. (Holding


100% Financial Entity)

MloM ucU MmOs TQ s. (kUh 100%-ur


lMr)

2. Canbank Financial Services Ltd. (Holding


100% Financial Entity)

2. MloM Tllzrs xuxx s. (kUh 100%ur lMr)

3. Canara Bank Securities Ltd (Holding 100%


Stock Broking Company)

3. MlU oM xYrUOe s. (kUh 100%-xOM


oMa Mml)
4. MloM TYOx sqOQ (kUh 70%-ur lMr)

4. Canbank Factors Ltd. (Holding 70% Financial


Entity)

5. MlU oM MmrOU xuxx s. (kUh 69.14%Alr)

5. Canara Bank Computer Services Ltd (Holding


69.14% Others)

6. MlU Uo Axi mokl Mml s. (kUh 51%qrcAs TQ M L Lq x)

6. Canara Robeco Asset Management Co. Ltd.


(Holding 51% AMC of Mutual Fund)

7. MlU Lc Lx o x A o x eul oq Mml


s. (kUh 51%- ur lMr)

7. Canara HSBC OBC Life Insurance Co. Ltd.


(Holding 51% Financial Entity)

(ii) e AlmiM AkU mU xqMi W (ex xqMi


sZMl q xr Eq W, ESWUh M sL L Lx 27
exM kUh <50% W) |

(ii) That are pro-rata consolidated (viz. Joint ventures


in consolidated accounting, e.g. AS 27, having
holding < 50%)

1.

1. Commercial Indo Bank LLC. (Holding 40%


Joint Venture with SBI)

Mqzrs CQ oM Ls Ls x (kUh 40%-pUir


xOO oM M xj xr Eq)

(iii) That are given a deduction treatment (Associates


Holding above 20% and below 50%)

(iii) elM xok q MOi M ar W | (LxxrO-kUh


20% x AkM u 50% x Mq)
1.

1. Canfin Homes Ltd. (Holding 42.35%)

MlTl Wqx s. (kUh 42.35%)

2. mai Mwh aqh oM ( a oM- kUh 35%)

2. Pragathi Krishna Gramin Bank (RRB Holding


35%)

3. MUs aqh oM ( a oM- kUh 35%)

3. Kerala Gramin Bank (RRB Holding 35%)

198

a) sZMl ij ulrqM Ezr M sL xqMl M


AkU q AiU:

c.

ulrqM SzlSz M AlxU, LM xqMi oM, oq


MUoU ij ur xuA x Axo MUoU q sa
WL xqW Mmlr M lMs xMi W | Ai: MlU
LcLxox Aox eul oq Mml sqOQ
(kUh 51%- oq MUoU) ij MlU oM MmrOU
xuxx sqOQ (kUh 69.14% - Alr) M ulrqM
Ezr M sL lMs Sr W|

Differences in basis of consolidation for


accounting and regulatory purposes:

In terms of Regulatory guidelines, a consolidated


bank may exclude group companies which are
engaged in insurance business and businesses not
pertaining to financial services. Hence, Canara HSBC
OBC Life Insurance Co. Ltd. (Holding 51% Insurance
Business) and Canara Bank Computer Services Ltd.
(Holding 69.14% Others) has been excluded for
regulatory purpose.

mUqhiqM mMOl:

Quantitative Disclosures:

b) xp Alwar q me Amrmii M xqa Uz ex xqMl


q xqqsi lW M ar W Aji elM MOi WD W AU
El Alwar M lq
zlr

(d) The aggregate amount of capital deficiencies in all


subsidiaries not included in the consolidation i.e. that
are deducted and the name(s) of such subsidiaries.
NIL

X) oq lMr q oM M Ms Wi M xqa Uz (ESWUh:


cs oW qsr), e eZq pUi W, ElM lq, eW laqi
Mr ar W, Ex Sz M lq r lux, xuqiu Wi M
Almi AU rS p W i Cl lMr q qiSl z M
Almi |

(e) The aggregate amounts (e.g. current book value)


of the banks total interests in insurance entities,
which are risk-weighted as well as their name, their
country of incorporation or residence, the proportion
of ownership interest and, if different, the proportion
of voting power in these entities.

1.

lq: MlU LcLxox Aox eul oq


Mml sqOQ
2. laqi Sz M lq: pUi
3. xuqiu Wi zlr: `4845.00 qsrl (51%)

1) Name: Canara HSBC OBC Life Insurance Co. Ltd


2) Country of Incorporation: India
3) Ownership Interest: ` 4,845.00 Million (51%)

TABLE DF 2: CAPITAL STRUCTURE:

mMOl mm isM 2: me xUcl:


ahiqM mMOl:
WqU oM M OrU I me q DYuO zrU, AUi lkr AU
lulqwMU xii ohQ zqs W|

Qualitative Disclosures:
Our Banks Tier I Capital comprises of Equity Shares,
Reserves and Innovative Perpetual Bonds.

oM U lulqwMU oQ (OrU I) AU OrU II me q


zqs MUl Wi rar Alr oQ p eU Mr ar| oQ M uuUh
lqllxU W:

The Bank has issued Innovative Bonds (Tier I) and also


other Bonds eligible for inclusion in Tier 2 Capital. Details
of the Bonds are as under:

M) lulqwMU xii Gh sZi (AD m Q AD)- OrU I


xjl

eU ij

xii u qa
uMsm

Mml SU

` qsrl q

Zs I

pUi q

30.03.2009

30.03.2019

9.00%

2,403.0

Zs II

pUi q

21.08.2009

21.08.2019

9.10%

6,000.0

Zs III

pUi q

03.08.2010

03.08.2020

9.05%

7,493.0

Ms

15,896.0

uuUh

199

A) Innovative Perpetual Debt Instruments (IPDI) Tier I


Place

Date of Issue

Perpetual & Call


Option

Coupon Rate

` in millions

Series I

In India

30.03.2009

30.03.2019

9.00%

2,403.0

Series II

In India

21.08.2009

21.08.2019

9.10%

6,000.0

Series III

In India

03.08.2010

03.08.2020

9.05%

7,493.0

TOTAL

15,896.0

Particulars

Z) EiU OrU II oQ
uuUh

eU ij

mUmYui ij

Mml SU

Zs I
Zs II

xjl
pUi q
pUi q

16.09.2006
23.03.2007

16.09.2021
23.03.2022

9.00%
10.00%

` qsrl q
5,000.0
5,000.0

Zs III

pUi q

29.09.2010

28.09.2025

8.62%

10,000.0

Ms

20,000.0
250 q. rLx
QsU

uSz qS oQ

pUi x oWU

27.11.2006

Place

Date of Issue

Series I
Series II

In India
In India

Series III

In India

27.11.2016

6.365%

16.09.2006
23.03.2007

Date of
Maturity
16.09.2021
23.03.2022

Coupon
Rate
9.00%
10.00%

29.09.2010

28.09.2025

8.62%

10,000.0

TOTAL
6.365%

20,000.0
250mn US $

Mml SU
6.75%
7.05%
7.40%
8.15%
8.85%
9.90%
9.00%
8.08%
9.73%
9.70%
Ms

` qsrl q
2,635.0
5,000.0
5,000.0
4,250.0
5,750.0
4,000.0
7,000.0
3,250.0
15,000.0
10,000.0
61,885.0

B) Upper Tier II Bonds


Particulars

FC BONDS

a) lqliU OrU II oQ
uuUh
Zs VI
Zs VII
Zs VIII
Zs IX
Zs IX M
Zs X
Zs XI
Zs XII
oxs III OrU II Zs I
oxs III OrU II Zs II

Outside India

27.11.2006

27.11.2016

xjl
pUi q
pUi q
pUi q
pUi q
pUi q
pUi q
pUi q
pUi q
pUi q
pUi q

eU ij
30.09.2004
18.02.2005
29.09.2005
01.03.2006
15.09.2006
30.03.2007
09.01.2008
16.01.2009
03.01.2014
27.03.2014

mUmYui ij
31.05.2014
18.05.2014
29.04.2015
01.05.2015
15.09.2016
30.03.2017
09.01.2018
16.01.2019
03.01.2024
27.03.2024

200

`. in millions
5,000.0
5,000.0

C) Lower Tier II Bonds


Particulars
Series VI
Series VII
Series VIII
Series IX
Series IX A
Series X
Series XI
Series XII
BASEL III TIER II SER I
BASEL III TIER II SER II

Place
In India
In India
In India
In India
In India
In India
In India
In India
In India
In India

Date of Issue
30.09.2004
18.02.2005
29.09.2005
01.03.2006
15.09.2006
30.03.2007
09.01.2008
16.01.2009
03.01.2014
27.03.2014

Date of
Maturity
31.05.2014
18.05.2014
29.04.2015
01.05.2015
15.09.2016
30.03.2017
09.01.2018
16.01.2019
03.01.2024
27.03.2024

Coupon
Rate
6.75%
7.05%
7.40%
8.15%
8.85%
9.90%
9.00%
8.08%
9.73%
9.70%
TOTAL

`. in millions
2,635.0
5,000.0
5,000.0
4,250.0
5,750.0
4,000.0
7,000.0
3,250.0
15,000.0
10,000.0
61,885.0

OrU I me M iWi lulqwMU xii Gh sZi M qZr zi


lqllxU W:

The main features of Innovative Perpetual Debt


Instruments (IPDI) Under Tier I Capital are as follows:

oM l cs u uw M SUl MD ADmQAD eU lW M W |

The Bank has not issued any IPDI during the current
financial year.

Cl Gh sZi M qWiumh uzwiL W :

The important features of these instruments are:

r ol Mx ulS mUmYui Auk M xii xupu W |

r sZi, qa ucl m (oQ) M mMi q aU eqli


AmUuilr ah xii oQ W|

The debt instruments are perpetual in nature without


any specific maturity period.

The instruments are Unsecured Non Convertible


Subordinated Perpetual Bonds in the nature of
promissory Notes (Bonds).

The debt instruments are rated AAA (Stable) from


CRISIL and BWR AAA from Brickwork Ratings.

Fixed rate of interest is payable on the debt


instruments, annually.

The interest shall not be cumulative.

The Bank has the call option after 10 years from the
date of issue with the prior approval of Reserve Bank
of India.

The Bank has step up option (shall be exercised only


once during the whole life of the instrument) at
the end of 10 years which shall be not more than
50 basis points. As per RBI circular DBOD.BP.BC.
No.75/21.06.001/2010-11 dated 20/01/2011 the
instruments should not have step ups or other
incentives to redeem. Instruments issued before Sept
12, 2010 will continue to be recognized as eligible
capital instruments under Basel III.

The debt instruments shall be subjected to a lockin clause, in terms of which, the Bank shall not be

Cl sZi M xs U (x AU AD Lx AD Ls) LLL


(xjU) AU oMuM UOa U "oQosrAU LLL" UOa Sr
ar W |

Cl sZi mU xsl qrS ore SU xSr W |

ore xci lW Wa |

eU iUZ x 10 uw oS, pUir Ueu oM M mulqSl


M xj oM Cl M sL r-ur uMsm S xMi W |

10 uw M xqmi Wl mU oM xOm-Am uMsm (sZi M mU


eulMs q LM W oU mra Mr e xMi W) MU xMi W
e 50 AkU olSA x AkM lW Wa| pUir Ueu oM
M mUm QoAQ.om.ox x. 75/21.06.001/2010-11
SlM 20/01/2011 M AlxU sZi M miSri M sL
MD xOm-Am r mixWl lW W | 12 xioU 2010 M mWs
eU M aD sZi oxs III M iWi m me sZi M
m q qlri mmi ol UWa |

r Gh sZi sM-Cl ZhQ M Akl Wa, exM AlxU,


rS (M) oM M x AU L AU, pUir Ueu oM U

201

lkUi lrliq ulrqM Am x Mq W el mU r


(Z) Lx pail M mUhq xum oM M x AU L AU,
pUir Ueu oM U lkUi lrliq ulrqM Am x
Mq W ei W r lc ol UWl mU oM ore AS MUl M
sL okr lW Wa |

Cl sZi q luzMiA M Su DYuO zrU q


luzMiA M Su M qMos EiU h M AU Alr
xp slSU M Su M qMos ah ql era |

xii xupu Wl M MUh, me mrmii M sL r sZi


qM o M Akl lW Wa |

sZi lzls xOM LYxcle BT CQr sqOQ


(LlLxD) q xco W |

liable to pay interest, if (a) the Banks CRAR is below


the minimum regulatory requirement prescribed
by RBI or (b) the impact of such payment results
in Banks capital to risk assets ratios (CRAR) falling
below or remaining below the minimum regulatory
requirement prescribed by the RBI.

The claim of investors in these instruments shall


be superior to the claims of investors in the equity
shares and subordinated to the claims of all other
creditors.

These debt instruments are not subjected to a


progressive discount for capital adequacy purposes
since these are perpetual in nature.

The instrument is listed on National Stock Exchange


of India Limited (NSE).

EiU OrU II oQ M qZr uzwiL lqllxU W:

The main features of Upper Tier II bonds are as follows:

oM cs u uw M SUl MD EiU OrU II oQ eU lW


Mr W |

The Bank has not issued Upper Tier II Bond during the
current financial year.

Cl Gh sZi M qWiumh uzwiL W:

sZi ucl m (oQ) M m q Amipi miSr Aklxj


AmUuilr W|

Cl Gh sZi M xs U L L L (xjU) AU oM uM
UOa U oQosrAU L L L UOa Sr ar W|

eU MUl M iUZ x 10 uw M oS pUir Ueu oM M


AlqSl M xj oM M mx qa uMsm W |

10 uw M xqmi mU oM M xOm-Am uMsm W e 50


AkU olSA x AkM lW Wl W | pUir Ueu oM
M mUm QoAQ.om.ox x. 75/21.06.001/201011 SlM 20/01/2011 M AlxU sZi M miSri
M sL MD xOm-Am r mixWl lW W | 12 xioU,
2010 M mWs eU M aD sZi oxs III M iWi m
me sZi M m q qlri mmi ol UWa | ijm,
pUir Ueu oM l Aml xxcl QoAQ.om.ox.
LqA.16.284/21.06.201/2010-11 SlM 19 Ams, 2011
M U SlM 12 xioU, 2010 M eU M aD `10,000
qsrl M EiU OrU II Zs III sZi M me mrmii
Mr M sL Alql sal M uzw Alqi mSl M W |

The important features of these debt instruments are:

sZi M Aml qlri M Aiq 5 uw M SUl 20% mi


uw M SU mU maq o mmi W | Lx o mmi Uzr me
mrmii Ezr M sL OrU II me q xqqsi lW W |

202

The instruments are Unsecured Redeemable


Subordinated Non-Convertible in the nature of
promissory Notes (Bonds).

The debt instruments are rated AAA (Stable) from


CRISIL and BWR AAA from Brickwork Ratings.

The Bank has Call Option after 10 years from the date
of issue with the RBIs approval.

The Bank has step up option at the end of 10 years


that shall not be more than 50 basis points. As per RBI
circular DBOD.BP.BC.No.75/21.06.001/2010-11 dated
20/01/2011 the instruments should not have step
ups or other incentives to redeem. Instruments issued
before Sept 12, 2010 will continue to be recognized as
eligible capital instruments under Basel III. However,
RBI has accorded special permission to us vide their
communication DBOD.BP.BC.Mo.16.284/21.06.201/
2010-11 dated 19 April 2011 to reckon the Upper Tier
II Series III instrument of `10,000 million issued post
Sept 12, 2010 for the purpose of capital adequacy.

The instruments are subjected to a progressive


discount @ 20% per year during the last 5 years
of their tenure. Such discounted amounts are
not included in Tier II capital for capital adequacy
purpose.

Auk M xqmi W el x r oM r-ur uMsm


MUi W i eU MUl M 10 uw M oS ok m M AMi
qsr xq qsr mU NQr e xMi W | ClM NQr el M
iUZ M oS oQ mU ore r Alrj MD Uz AS lW M
eLa | r sZi UkiqM ZhQ x q W AU kUM M
mWs Mr el mU r pUir Ueu oM M xWqi M ol
ClW NQr lW e xMi W |

The face value of the Bond is redeemable at par, on


expiry of the tenure or after 10 years from issue if
the Bank exercises Call Option. The Bond will not
carry any obligation, for interest or otherwise, after
the date of redemption. The instruments are free
of restrictive clauses and not redeemable at the
initiative of the holder or without the consent of the
Reserve Bank of India.

Cl Gh sZi q oS-ZhQ W exM AlxU (M) oM M x


AU L AU pUir Ueu oM U lkUi lrliq ulrqM
Am x Mq Wa r (Z) Lx pail M mUhqxum oM
M eZq pUi Axi Almi (x AU L AU) pUir
Ueu oM U lkUi lrliq ulrqM Am x Mq W
ei W r Mq UW ei W i oM ore AS MUl M sL
okr lW Wa|

The debt instruments shall be subjected to a lockin clause, in terms of which, the Bank shall not be
liable to pay interest, if (a) the Banks CRAR is below
the minimum regulatory requirement prescribed
by RBI or (b) the impact of such payment results
in Banks capital to risk assets ratios (CRAR) falling
below or remaining below the minimum regulatory
requirement prescribed by the RBI.

Cl sZi q luzMiA M Su OrU I me q xqqsi


Mr el M sL m sZi q luzMiA M Su M
qMos EiU h M AU Alr xp slSU M Su M
qMos ah ql era |

The claims of the investors in these instruments


shall rank superior to the claims of investors in
instruments eligible for inclusion in Tier 1 capital and
subordinate to the claims of all other creditors.

sZi lzls xOM LYxce BT CQr s. (Ll Lx D) q


xco M aD W|

The instrument is listed on National Stock Exchange


of India Limited (NSE).

The main features of Lower Tier II bonds are as follows:

lqliU OrU II oQ M qZr uzwiL lqllxU W:

oM l cs u uw M SUl oxs III Almsi `25,000


qsrl M OrU II oQ eU M W| uuUh lqlui W:-

The Bank has issued BASEL III Compliant Tier II Bonds


aggregating to `25,000 million during the current
financial year. The details are as follows:-

lqliU OrU II oQ
uuUh

xjl

eU ij

mUmYui ij

Mml SU

` qsrl q

oxs III OrU II Zs I

pUi q

03.01.2014

03.01.2024

9.73%

15,000.0

oxs III OrU II Zs II

pUi q

27.03.2014

27.03.2024

9.70%

10,000.0

Ms

25,000.0

Lower Tier II Bonds


Place

Date of Issue

Date of Maturity

Coupon Rate

` in millions

BASEL III TIER II SER I

In India

03.01.2014

03.01.2024

9.73%

15,000.0

BASEL III TIER II SER II

In India

27.03.2014

27.03.2024

9.70%

10,000.0

Total

25,000.0

Particulars

203

Cl oQ M Auk 9 x 10 uw M W |

Gh sZi xs x LLL (xjU) ij CMU x LsLLL


qsrMi W |

r sZi mh m x mS, Amipi AU Alr slSU M


Su M mi ah, mioki ZQ x q AU kUM M mxiu
mU r pUir Ueu oM M xWqi M ol miSr lW W |

sZi M Aml qlri M Aiq 5 uw M SUl 20% mi


uw M SU mU maq o mmi W | Lx o mmi Uzr me
mrmii Ezr M sL OrU II me q xqqsi lW W|

Cl sZi q luzMiA M Su OrU I me q xqqsi


Mr el M sL m sZi q luzMiA M Su M
qMos EiU h M AU Alr xp slSU M Su M

qMos ah ql era |

The bonds have a tenure ranging from 9 to 10 years.


The debt instruments are rated AAA (Stable) from
CRISIL and LAAA from ICRA.
The instruments are fully paid up, unsecured and
subordinated to the claims of other creditors, free
of restrictive clauses and not redeemable at the
initiative of the holder or without the consent of the
Reserve Bank of India.
The instruments are subjected to progressive
discounting @ 20% per year over the last 5 years
of their tenure. Such discounted amounts are
not included in Tier II capital for capital adequacy
purposes.
The claims of the investors in these instruments
shall rank superior to the claims of investors in
instruments eligible for inclusion in Tier 1 capital and
subordinate to the claims of all other creditors.

mUqhiqM mMOl:
qM
(M)

Uz (`
(` qsrl q)
31.03.2014 31.03.2013

qS
OrU I me M Uz exq lql mMOl W:

mS zrU me

4,612.60

4,430.00

AUi lkr

232,339.20

220,972.50

lulqw sZi ($)

15,896.00

15,896.00

Alr me sZi

252,847.80

241,298.50

3,684.90

3,536.50

249,162.90

237,762.00

97,802.60

63,879.90

34,978.80

33,571.60

0.00

0.00

19,991.50

24,142.90

Em eQ

bOL : xZ u luz xWi OrU I me x MOi M ar Uzr

Ms OrU I me
(Z)

OrU II me M Ms Uz (OrU II me x lus MOi)

(a)

EiU OrU II me q xqqsi Mr el M sL m Gh me sZi

(b)

(X)
(c)

Ms oMr Uz

Clq x cs uw M SUl eOr ar Uz

me lkr M m q ahl M sL m Uz

lqliU OrU II me q xqqsi Mr el M sL m ah Gh

Ms oMr Uz

61,885.00

37,639.50

Clq x cs uw M SUl eOr ar Uz

25,000.00

0.00

me lkr M m q ahl M sL m Uz
me x Alr MOir, AaU MD W i

37,550.00

19,927.00

0.00

0.00

346,965.50

301,641.90

Ms m me - OrU I + OrU II (M + Z - X)

($) xqr-xqr mU Alqi lulqwMU xii Gh sZi ij Alr mMU M sZi

204

Quantitative Disclosures:
Sl.
No.

Amount (` in millions)

Items

31.03.2014

31.03.2013

(a) The amount of Tier I Capital, with separate disclosure of


Paid-up Share Capital

4,612.60

4,430.00

232,339.20

220,972.50

Innovative Instruments ($)

15,896.00

15,896.00

Other Capital Instruments

252,847.80

241,298.50

3,684.90

3,536.50

249,162.90

237,762.00

97,802.60

63,879.90

34,978.80

33,571.60

Of which amount raised during the current year

0.00

0.00

Amount eligible to be reckoned as capital funds

19,991.50

24,142.90

Total amount outstanding

61,885.00

37,639.50

Of which amount raised during the current year

25,000.00

0.00

Amount eligible to be reckoned as capital funds

37,550.00

19,927.00

0.00

0.00

346,965.50

301,641.90

Reserves

Sub -total
Less amounts deducted from Tier I Capital, including Goodwill and Investments.
Total Tier I capital
(b) The total amount of Tier II Capital (net of deductions from Tier II Capital)
(c) Debt Capital Instruments eligible for inclusion in Upper Tier II Capital
Total amount outstanding

(d) Subordinated Debt eligible for inclusion in Lower Tier II Capital.

(e) Other deductions from Capital, if any.


(f) Total eligible Capital - Tier I+ Tier II (a+b-e)

($) Innovative Perpetual Debt Instruments and any other type of instruments that may be allowed from time to time.

mMOl mm isM 3:: me mrmii:

TABLE DF 3: CAPITAL ADEQUACY:

ahiqM mMOl:

Qualitative Disclosures:
The Bank has put in place a robust Risk Management
Architecture with due focus on Capital optimization and
on profit maximization, i.e. to do maximum business out
of the available capital which in turn maximize profit
or return on equity. Bank is benchmarking on globally
accepted sound risk management system, conforming to
Basel III framework, enabling a more efficient equitable
and prudent allocation of resources.

me M CiqMUh mU W lW osM sp M AkMiqMUh mU


p krl MSi MUi WL oM l LM xSR eZq mokl Ucl
xxjU Mrq M W iM Emsok me M xWU AkMiq sp
r miTs mmi W | oM oxs III Rc M Alm, u pU q
xuMi Px eZq mokl mi M qlM ql UW W exx
xxkl M AkM MUaU CYuOr Lu uuMmh AoOl W |

205

oM M me Arel mr q lql M xq M ei W:

In Capital Planning process, the bank reviews:

oM M uiql me AuzrMi

Current capital requirement of the Bank

MUoU Uhli ij eZq Am M AlxU si ij


olr UZlsrM me

The targeted and sustainable capital in terms of


business strategy and risk appetite.

Capital need and capital optimization are monitored


periodically by the Capital Planning Committee
comprising Top Executives. Capital requirement is
projected quarterly considering the expected growth in
advances, investments and investments in Subsidiaries /
Joint Ventures, etc. Committee takes into consideration
various options available for capital augmentation in
tune with business growth and realignment of Capital
structure duly undertaking the scenario analysis for
capital optimization.

me AuzrMi AU me CiqMUh M me rel xqi


exM E MrmsMah xSxr W,AukM m x Almuil
MUi W | Aaq q Alqli u, Alwar / xr Eq q
luz AS mU ucU MUi WL me mrmii Almi M xcsl
M iqW xuSlzs uzswh Mr ei W| rW xqi me
M CiqMUh M sL mUSzr uzswh M xqci m x
S q UZMU ore M u AU me xUcl M mllrel M
xU q me xaWh M sL Emsok up uMsm M krl q
UZi W |
mUqhiqM mMOl:
qM
(M)

Uz ((` qsrl q)

qS

31.03.2014

Gh eZq M sL me AuzrMiL
qlMMi SMh M Akl xupa

244,354.32

185,574.50

1,686.83

zlr

13,090.56

14,625.80

592.47

386.10

5,156.27

4,361.50

15,394.60

14,065.20

11.14

12.40

8.00

9.77

11.37

12.61

8.24

9.99

Ms xAULAU (%)

sa lW

sa lW

OrU I xAULAU (%)

sa lW

sa lW

mipiMUh Gh eZq
(Z)

oeU eZq M sL me AuzrMiL


qlMMi Auk SMh
ore SU eZq
uSz ulqr eZq (xuh xWi)
DYuO eZq

(a)

mUcsl eZq M sL me AuzrMiL


AkU xMiM SMh

(b)

oM M sL Ms u OrU I xAULAU
Ms xAULAU (%)
OrU I xAULAU (%)

(X)

xqMi xqW M sL Ms AU OrU I xAULAU


Ms xAULAU (%)
OrU I xAULAU (%)

(f)

31.03.2013

qWiumh Alwa e xqMi xqW M iWi lW W,


M sL Ms AU OrU I xAULAU

206

Quantitative Disclosures:
Sl.
No.
(a)

Amount (` in millions)

Items

31.03.2014

31.03.2013

Capital requirements for Credit Risk


Portfolios subject to Standardized Approach

244,354.32

185,574.50

1,686.83

NIL

13,090.56

14,625.80

592.47

386.10

5,156.27

4,361.50

15,394.60

14,065.20

Total CRAR (%)

11.14

12.40

Tier I CRAR (%)

8.00

9.77

Total CRAR (%)

11.37

12.61

Tier I CRAR (%)

8.24

9.99

Total CRAR (%)

NA

NA

Tier I CRAR (%)

NA

NA

Securitization Exposures
(b) Capital requirements for Market Risk - Standardized Duration Approach
Interest Rate Risk
Foreign Exchange Risk (including Gold)
Equity Risk
(c) Capital requirements for Operational Risk
- Basic Indicator Approach
(d) Total & Tier I CRAR for the Bank

(e) Total & Tier I CRAR for the Consolidated Group

(f) Total & Tier I CRAR for the Significant Subsidiary which are not under Consolidated
Group

mMOl mm
isM 4:: Gh eZq:
xqlr mMO
Ol:

TABLE DF 4: CREDIT RISK: GENERAL


DISCLOSOURES:
Qualitative Disclosures:
The Banks policies assume moderate risk appetite
and healthy balance between risk and return. The
primary risk management goals are to maximize value
for shareholders within acceptable parameters and
adequately addressing the requirements of regulatory
authorities, depositors and other stakeholders. The
guiding principles in risk management of the Bank
comprise of Compliance with regulatory and legal
requirements, achieving a balance between risk and
return, ensuring independence of risk functions, and
aligning risk management and business objectives. The
Credit Risk Management process of the Bank is driven
by a strong organizational culture and sound operating
procedures, involving corporate values, attitudes,
competencies, employment of business intelligence
tools, internal control culture, effective internal reporting
and contingency planning.

ahiqM mMOl:
oM M lir xqi eZq EPl AU eZq ij miTs
q xuxj xisl M qli W | eZq mokl M AWq sr W
xuMr qlSQ M ASU Lu ulrqM mkMU, eqMiA
AU Alr xOM kUM M AmA M Alm zrU kUM M
sL qsr AkMiq oll | oM M eZq mokl M qaSzM
x W : ulriqM Lu up AmA M Almsl, eZq
AU miTs q xisl Mrq MUl, eZq rMsm M
AeS xli MUl AU eZq mokl AU urmUM sr
M qs-qsm, oM M Gh eZq mokl mr zzs
xaPliqM xxMi Lu Px mUcsliqM mrA M mj
mU csi W exq MmUO qsr, Apu, xqir, urmUM
l xkl M lrel, AiUM lrh xxMi, mpuzs
AiUM UmOa Lu mxaM relA M xquz Wi W |

207

oM M xqa xZ eZq mokl Ezr lqllxU W :

The overall objectives of Banks Credit Risk Management


are to:

uU xisi ahiqM M xj-xj W mUqhiqM Gh


u exq eZq M AkMiq uukMUh W, xli
MUl |

Ensure credit growth, both qualitatively and


quantitatively that would be sectorally balanced,
diversified with optimum dispersal of risk.

Gh eZq AU xupa mU eU ulrqM uuMmh


qlSQ M Almsl xli MUl|

Ensure adherence to regulatory prudential norms on


exposures and portfolios.

Gh eZq q lWi uuk mMU M eZq M mrmi m


x qsrlkUh |

Adequately pricing various risks in the credit


exposure.

xp ur eZq M mokl M LMMi xxOq M lqh


MUl exM iWi Gh eZq M mWcl, qml, laUl
AU lrh zqs W |

Form part of an integrated system of risk


management
encompassing
identification,
measurement, monitoring and control.

Strategies and processes:


Uhlir AU mrr:

In order to realize the above objectives of Credit Risk


Management, the Bank prescribes various methods for
Credit Risk identification, measurement, grading and
aggregation techniques, monitoring and reporting,
risk control / mitigation techniques and management
of problem loans / credits. The Bank has also defined
target markets, risk acceptance criteria, credit approval
authorities, and guidelines on credit origination /
maintenance procedures.

Gh eZq mokl M Emr Ezr M xMU MUl M sL oM


Gh eZq M mWcl, qml, xua Lu xqrl iMlMr,
Almuil AU UmOa, eZq lrh / mzql iMlMr ij
xqxrqsM Gh / EkU M mokl M sL AlMlM mir
lkUi MUi W| oM l si oeU, eZq xuMri qlM,
Gh AlqSl mkMU AU Gh urim / AlUh mrA M
p mUpwi Mr W|

The strategies are framed keeping in view various


measures for Credit Risk Mitigation, which includes
identification of thrust areas and target markets, fixing
of exposure ceiling based on regulatory guidelines and
risk appetite of the Bank, minimizing concentration Risk,
and pricing based on rating.

Cl Uhlir M Gh eZq mzql M sL up Emr M S


q UZMU mri Mr ar W elq qWiumh ij si
oeU M mWcl, ulriqM qaSz xi AU eZq
mokl q oM M qi, xMSM eZq MUl AU UOa M
AkU mU qsr-lkUh MUl xqWi W |

Bank from time to time would identify the potential and


productive sectors for lending, based on the performance
of the segments and demands of the economy. The Bank
restricts its exposures in sectors which do not have
growth potentials, based on the Banks evaluation of
industries / sectors based on the prevailing economic
scenario prospects, etc.

oM xqr-xqr mU ZQ M mMOl ij Ajuruxj M qa


M AkU mU Gh Sl M sL qi rar AU EimSl M
mWcli W | uiql AjM mUSzr AS M AkU mU Ea /
M qsrMl M AkU mU uMx qi lW UWlus
q oM Gh M mioki UZi W |

The operational processes and systems of the Bank


relating to credit are framed on sound Credit Risk
Management Principles and are subjected to periodical
review.

Gh x xoki oM M mUcsl mrL AU mhsr xSR


Gh eZq mokl xi mU lqi W AU r AukM m x
xq M Akl W |
Gh mxiu mU xqci m x krl Sr el M mr M iU

The Bank has comprehensive credit risk identification


processes as part of due diligence on credit proposals.

mU oM M urmM Gh eZq mWcl mr W |

208

Gh eZq mokl Mr M xUcl AU xaPl: oM q Gh


eZq mokl xUcl lqllxU W

lSzM qQs

oQ M eZq mokl xqi (AU Lq x o)

The structure and organization of the Credit Risk


Management Function: Credit Risk Management
Structure in the Bank is as under

Board of Directors

Risk Management Committee of the Board (RMCB)

Gh eZq mokl xqi (x AU Lq x)

Credit Risk Management Committee (CRMC)

qQs xq iMlM Mr Ss ( Lq AU O Qosr e)

Model Review Technical Working Group (MRTWG)

qW mokM - eZq mokl upa, mkl Mrsr (qZr


eZq mokl AkMU)

General Manager-Risk Management Wing, H.O (Chief


Risk Officer)

Em qW mokM (I u II), eZq mokl upa

Deputy General Manager(I&II),Risk Management


Wing

Gh eZq mokl mpa, eZq mokl upa

xZ eZq mokl mpa q xZ li Alpa, xZ


xZrM Alpa AU xZ eZq mokl Alpa Wi W |
xZ eZq mokl Alpa q il MqMe QxM W ex
xZ eZq mokl QxM, xZ eZq UOa QxM AU
Ea Alxkl QxM |

Credit Risk Management


Management Wing

qQs qlrMUh Ss (Lq u O)

The Credit Risk Management Department comprises


of Credit Policy Section, Credit Statistics Section and
Credit Risk Management Section. The Credit Risk
Management Section has three functional desks,
the Credit Risk Management Desk, Credit Risk Rating
Desk and Industry Research Desk.

Model Validation Team (MVT)

qQs uMx Ss

Model Development Team

Acs Mrsr q eZq mokl AU xZ xq Alpa

Risk Management & Credit Review Section at Circle


Offices

Department,

Risk

The scope and nature of risk reporting and / or


measurement systems:

eZq UmOa AU / r qml xxOq M Mr AU mMi:


oM M LM xqci eZq qml AU laUl mr W | eZq
M qml, oM U xjmi Gh eZq UOa AU xMUa qQs
M lkUi qeU mu mr x xm Wi W | Cl eZq q
x mirM M iWi qlSQ M mWcl M xj-xj ElW pUi
xMU lkUi MUl M sL AU I x VII M mql q ElM UOa
M sL oM q mirM eZq lkUh li W | aQ VIII r E
eZq aQ III M QTsO aQ MW ar W | me mUMsl
M sL qlMMi SMh M xok q pUir Ueu oM M
SzlSz M AlxU m Gh eZq M eZq pUi MUl
M sL qlrimmi o Gh qsrMl xxjl (D x L AD) U
S aD UOa M mra / qml M xok q oM M AuzrMi mU
eZq lkUh li eU Si W |

Bank has an appropriate credit risk measurement and


monitoring processes. The measurement of risk is
through a pre-sanction exercise of credit risk rating and
scoring models put in place by the Bank. The Bank has a
separate Risk Rating Policy for identifying the parameters
under each of these risks as also assigning weighted
scores thereto and rating them on a scale of I to VII. Grade
VIII or High Risk Grade III is termed as default grade. The
risk rating policy also entails the guidelines on usage/
mapping of ratings assigned by the recognized ECAIs
(External Credit Assessment Institutions) for assigning
risk weights for the eligible credit exposures as per
the guidelines of the RBI on standardized approach for
capital computation and also for pricing purposes.

Gh eZq qml M sL xqxi Gh xupa M sL oM l


"qlMMi SMh" Amlr W| oM AD AU o SMh M
iUT AiUi Wl M sL mrx MU UW W ij Cx xok q xp
AuzrM MSq EPL W |

The Bank has adopted Standardized Approach for entire


credit portfolio for credit risk measurement. The bank
is endeavouring to move towards IRB approaches and
made all necessary efforts in this regard.

209

Gh eZq M xq MUl AU up SMh x Gh xupa


M laUl, uzswh MUl M sL xp mokl xcl mhs M
AmA M sL LM mpu Gh QO xaW MlS xjmi MUl,
eZq pUi Axir (AU Qosr L) M mUMsl, Gh xok
up UmO M irU MUl M sL ij xxOq xqjl mmi
MUl Wi oM l LM xnOurU xsrzl M Emra Mr W |

The Bank has embarked upon a software solution to


get system support for establishing a robust credit
data warehouse for all MIS requirements, computation
of Risk Weighted Assets (RWA), generate various credit
related reports for review of exposure and monitoring,
and conducting analysis of credit portfolio from various
angles.

ocu uruxj (Wea) AU / r eZq M Mq MUl AU ocu


uruxj / mzqM M xii mpuzsi mU laUl UZl M sL
Uhlir AU mrL:

Policies for hedging and / or mitigating risk and


strategies and processes for monitoring the continuing
effectiveness of hedges / mitigants:

Gh qeU MUi xqr oM qZri EkUMi M ur xSRi AU


Gh M AS MUl M qi mU lpU UWi W | cMi M xi M
m q r EkUMi M Gh mi M qsrMl M sL LM uMsm
M m q xmM r aUOr mU oM AirkM lpU lW UWi
W | Lx urr elW Gh M sL m M m q qsrMi Mr
ar W, M Mus Cx AkU mU W Gh AxuMU lW MU Sr
ei W M ElM mx mrmi xmM lW W |

Bank primarily relies on the borrowers financial strength


and debt servicing capacity while approving credits. Bank
does not excessively rely on collaterals or guarantees as
a source of repayment or as a substitute for evaluating
borrowers creditworthiness. The Bank does not deny
credit facilities to those assessed as credit worthy for
mere want of adequate collaterals.

Aml Gh eZq luz M mokl MUl M sL oM l Gh


qsrMi AU AlqSl lir AU mrr AmlD W elM
Alr MqMe upa x mUqz MUi WL mkl Mrsr xiU mU
eZq mokl upa U xq M ei W AU Ail Mr
ei W | Gh qsrMl AU AlqSl mrA M urmM m x
Gh qsMMUh, qsrMl AU AlqSl ij lmOl q upei
Mr ar W |

In order to manage the Banks credit risk exposure, the


Bank has adopted credit appraisal and approval policies
and procedures that are reviewed and updated by the
Risk Management Wing at Head office in consultation
with other functional wings. The credit appraisal and
approval process is broadly divided into credit origination,
appraisal, assessment and approval, and dispensation.

MmUO url AU mUrel url Gh, uz m x


xjU Axir, xqlrir xm, xr AU EmMUh mU mjq
aWhkMU M U mipi W | oM ur Axir ex umhl
rar mipir M aUu M mipi p si W AU eW MW
xai W MmUO aUOr AU urM aUOr mmi M ei W |
Mrzs me Gh cs Axir, elq xOM AU mmr Uzr
lWi W, mU uz m x mjq aWhkMU M U mmi Mr
ei W |

Corporate finance and project finance loans are typically


secured by a first lien on fixed assets, normally consisting
of property, plant and equipment. The Bank also takes
security of pledge of financial assets like marketable
securities and obtains corporate guarantees and personal
guarantees wherever appropriate. Working Capital loans
are typically secured by a first lien on current assets,
which normally consist of inventory and receivables.

xmM mU oM M mpU M Mll lii M xli


MUl M sL SxiueMUh mU oM l uxii SzlSz lkUi
Mr W |

Bank has laid down detailed guidelines on documentation


to ensure legal certainty of Banks charge on collaterals.
The Banks policy is to ensure portfolio diversification and
evaluate overall exposure in a particular industry / sector
in the light of forecasts of growth and profitability for
that industry, and the risk appetite of the Bank. The Bank
monitors exposures to major sectors of the economy and
specifically exposure to various industries and sensitive
sectors. Exposure to industrial activities is subjected
to the credit exposure ceilings fixed by the Bank based
on the analysis on performance of the industry. The
Banks exposures to single and group borrowers as also

Mx uz Ea M u AU spmSi M Alql M AsM


q AU oM M eZq-uWl qi M SZi WL Mx uz
Ea / q xupa uukMUh M xli MUl AU
Ms url eZq M qsrMl MUl oM M li W | oM
Ajuruxj M xp oQ AU uz m x up Ea
AU xuSlzs M uz eZq mU laUl UZi W|
AaM MrMsm M Gh eZq, oM U lkUi Gh
eZq xqL e Ex Ea M MrlwmSl M uzswh M
AkU mU lkUi M ei W, M Akl W | oM M LMs

210

AU xqW EkUMiA M Gh eZq xj W oQ eZq mU


laUl UZ ei W AU Ex xqr-xqr mU pUir Ueu oM
U xci Mr aL AlxU uuMmh xq qlSQ M piU
lri Mr ei W |

substantial exposure is fixed as per the risk rating of the


borrowers and monitored periodically in order to keep
the exposure level within the prudential ceiling norms
advised by Reserve Bank of India from time to time.
The credit origination is through the grass root level ably
assisted by the branch network and Circle Offices. The
process of identification, application is carried out before
commencing an in depth appraisal, due diligence and
assessment.

Gh urim qs xiU x Wi W exM zZ i AU Acs


Mrsr pUmU qSS MUi W | maR qsrMl, xqci eaMi
AU lkUh M AUp Mr el M mWs W mWcl AU Almra
M mr mUp W ei W |

The credit approval process is a critical factor and


commences with the mandatory credit risk rating of the
borrower as a pre sanction exercise. The measurement
of Credit Risk associated with the borrower evaluates
indicative factors like; borrowers financial position,
cash flows, activity, current market trends, past trends,
management capabilities, experience with associated
business entities, nature of facilities etc. The credit
sanctioning powers delegated to the various authorities
based on internal risk rating categories of the borrower
already put in place. In terms of the Ministry of Finance
notifications, Bank has set up Credit Approval Committees
at HO and circle levels. The credit sanctioning powers of
all the sanctioning authorities at administrative units
(i.e., besides branch powers) are withdrawn and the
committee approach for credit approval has been put
in place. The Bank has in place specialized branches viz.
Centralized Processing Units (CPUs), Retail Asset Hubs
(RAHs) and SME Sulabhs at select cities to ease credit
dispensation turnaround time and ensure specialized
attention.

Gh AlqSl mr LM mqZ MUM Wi W e qeU mu


Aprl M m q EkUMi M AkSziqM Gh eZq M
UOa Mr el x z Wi W | EkUMi M xj sa WA Gh
eZq M qm-is, EkUMi M AjM xji, lMS muW,
r-Msm, uiql oeU uruWU, ai uruWU, mokl qir,
xWra urmU lMr M xj Alpu, xukA M xupu AS
M qsrMl MUi W | up mkMUr M EkUMiA M
AiUM eZq UOa h M AkU mU xZ qeU AkMU M
mirrei Mr ar W | u qsr M Akxcl M AlxU
oM M mkl Mrsr ij Acs Mrsr q xZ AlqSl
xqir M aPl Mr ar W | mzxlM CMCr (Aji zZ
AkMU M Asu) M xp qeU mkMUr M xZ qeU
AkMU M umx sr ar W ij xqi SMh M sar
ar W | oM l clS zWU q Gh uiUh xUs oll M sL
ij uzwMi krl xli MUl M sL MSMi mxxMUh
MS (xmr), ZSU Axi MS (AULLc) ij LxLqD xsp
xxjmi Mr W |
lrh Mr M oRl M sL, uzwMi Gh xq, xqxr
r Zi M laUl, xZ sZmU AS z MUl M sL,
Asa xZ mzxl u laUl upa MrUi W | Cx x Gh M
qeU EmUi Almuil mU AkM eU xli Mr e xMi W
AU Gh xq i xok lir q Emsok up EmMUh M
Almra M zzs olr e xMi W |

To enhance the control measures , a separate Credit


Administration and Monitoring Wing is in place to
undertake exclusive loan review ,monitoring problem
accounts, credit audit ,etc. This ensures greater thrust
on post sanction monitoring of loans and strengthen
administering the various tools available under the
Banks policies on loan review mechanism.

Gh M mpu xq M sL oM l lqlsZi mhs xjmi


M W:

For effective loan review, the Bank has the following in


place:

mWcl MUl, uzswh MUl AU xqr mU MUuD MUl AU


xkU M sL Gh sZmU mhs |

Credit Audit System to identify, analyze instances of


non-compliance and rectification.

mirM qeUSi mkMU U SL aL Gh M xq Exx


Aas EiU mkMU U M ei W |

Review of loan sanctioned by each sanctioning


authority by the next higher authority.

LM mirM xq M FmU M EkU Zi M qkruk xq


M ei W |

Mid Term Review of borrowal accounts beyond a


certain level of exposure.

211

up xiU q uzw laUl Zi M Almuil | uzw

Monitoring of special watch accounts at various


levels. Formation of Slippage Management
Committee at HO / Circles to monitor the accounts
with exposure of `10 Million & above, among the list
of accounts appearing in SWL

Monitoring tools like Credit Monitoring Format (webbased), Quarterly Information Systems, Half Yearly
Operation Systems, Stock Audits, Special Watch List
Accounts, etc.

Credit Monitoring Officers at branches in charge of


monitoring functions.

In order to strengthen pre-disbursement monitoring


of compliance to sanction terms and conditions,
obtention of stipulated collateral securities ensuring
perfection of securities before disbursement etc, Prerelease Audit System has been introduced.

laUl xc q mMO Wlus Zi q x `10 qsrl AU


Exx AkM Ghus Zi M Almuil M sL Acs /
mkl Mrsr q Txsl mokl xqi M aPl |

laUl Emr ex Gh laUl TqO (uo AkUi), iqW


xcl mhs, Ak uwM mUcsl mhs, xOM sZmU, uzw laUl xc Zi AS |

zZA q Almuil Mr M sL mpU Gh Almuil


AkMU |

qeU M lrq u zi M Almsl M mu xuiUh laUl


qeoi MUl M sL lkUi xmM mipir M mmi M
sL, xuiUh M mWs mipir M mhi xli MUl M
sL mu-uiUh sZmU mhs mUp Mr ar W |

lqlsZi Gh AU Aaq M hr M AleM Axir M

Loans Past due and Impaired: As per the prudential norms


applied for income recognition, asset classification and
provisioning, the Bank considers following categories of
loans and advances as Non-performing Assets, wherein:

m q lkUi MUi W, eW :

Interest and/or installment of principal remain


overdue for a period of more than 90 days in respect
of a Term Loan

The account remains out of order in respect of an


Overdraft/Cash Credit (OD/CC). An account should
be treated as out of order if the outstanding balance
remains continuously in excess of the sanctioned
limit/drawing power. In cases where the outstanding
balance in the principal operating account is less
than the sanctioned limit/drawing power, but there
are no credits continuously for 90 days as on the date
of Balance Sheet or credits are not enough to cover
the interest debited during the same period, these
accounts should be treated as out of order.

The bill remains overdue for a period of more than 90


days in the case of Bills Purchased and Discounted.

In case of agricultural advances, interest and/or


installment of principal remains overdue for 2 crop
seasons (in respect of short duration crops) & 1 crop
season (in respect of long duration crops).

Any amount receivable that remains overdue for


a period of more than 90 days in respect of other
accounts.

Interest charged during any quarter is not serviced


fully within 90 days from the end of the quarter.

Msii AU AleM Gh: Ar M mWcl, Axi uaMUh


AU muklMUh M sL sa uuMmh qlSQ M AlxU oM

xuk Gh M xok q 90 Sl x AkM M Auk M sL


ore AU / r qskl M Mxi AiSr W |

AkuMw / lMS EkU (AQ/xx)M qqs q Zi


Auruxji W ei W| oMr zw xuMi xq / AWUh
AkMU x saiU AkM UWl sai W i Zi M
Auruxji ql ei W| qs mUcsl Zi q oMr zw
xuMi xq / AWUh AkMU x Mq W, sMl rj isl
m M iUZ M saiU 90 Sl iM MD eq lW W r
Ex Auk M SUl lq Qs ar ore M sL Uz mrmi
l W i Cl Zi M Auruxji qll cWL|

r ML aL AU plr ar os M qqs q e os 90
Sl x AkM M Auk M sL AiSr W |

Mw Aaq, ore AU / r qskl M Mxi M qqs q e


2 Txs qxq (Asmuk Txs M xok q) AU 1 Txs
qxq (Sbuk Txs M xok q) x AiSr W |

Alr Zi M xok q MD p mmr Uz e 90 Sl x


AkM M Auk M sL AiSr W |

Mx iqW q mpUi ore e Ex iqW M Ai x 90


Sl M piU mU iUW cMr lW ar W |

212

mUqhiqM mMOl:
(M) Ms xMs Gh eZq

(Uz ` qsrl q)
lk AkUi Gh eZq

xqa Gh eZq
31.03.2014

31.03.2013

aU - lk AkUi
Gh eZq
31.03.2014

31.03.2013

Ms xqa Gh eZq (Gh eZq mzql iMlM M mpu 3,034,310.24 2,439,358.31 2,150,362.95 2,449,696.83
ESWUhj xmM AU xqrel M krl q UZ ol mrer
sZMl mhs M AlxU mixisl M sZMl MUl M oS)

Quantitative Disclosures:
(a) Total Gross Credit Exposures
Amount (` in million)
Overall Credit exposure

Fund Based Exposures


31.03.2014

31.03.2013

Non-fund Based Exposures


31.03.2014

31.03.2013

Total Gross Credit Exposures (after accounting offsets in 3,034,310.24 2,439,358.31 2,150,362.95 2,449,696.83
accordance with the applicable accounting regime and
without taking into account the effects of Credit Risk
Mitigation techniques, e.g. collateral and netting)

(Z) Gh eZq M pasM xuiUh:

(Uz ` qsrl q)

Gh eZq

lk AkUi
31.03.2014

Sz mUcsl

31.03.2013

aU - lk AkUi
31.03.2014

31.03.2013

2,841,589.35 2,287,187.22 2,021,899.05 2,380,541.55

uSz mUcsl

192,720.89

152,171.09

128,463.90

69,155.28

(b) Geographic Distribution of Exposures:


Amount (` in million)
Exposures

FUND BASED
31.03.2014

Domestic operations

31.03.2013

NON-FUND BASED
31.03.2014

31.03.2013

2,841,589.35 2,287,187.22 2,021,899.05 2,380,541.55

Overseas operations

192,720.89

213

152,171.09

128,463.90

69,155.28

(a) Ea M mMU M AlxU Gh eZq M xuiUh (uM)


qM
1.1
1.2

1.3
1.4

1.5
1.6
1.7
1.8
1.9

1.10
1.11
1.12
1.13

1.14

1.15
1.16
1.17
1.18

1.19

Ea
Zll AU EiZll
Z mxxMUh
1.2.1 cl
1.2.2 Z is AU ulxmi
1.2.3 cr
1.2.4 Alr
mr u ioM
ux
1.4.1 Fl ux
1.4.2 eO ux
1.4.3 Alr ux
cqQ u cqQ EimS
sMQ AU sMQ EimS
Mae u Mae M EimS
mOsrq, Mrs EimS AU mUqh Dkl
Uxrl AU Uxrl EimS
1.9.1 EuUM
1.9.2 Awk u TqxrOMsx
1.9.3 mO MqMsx
1.9.4 Alr
UoQ, msxOM u ElM EimS
zz AU zz M xql
xqO AU xqO EimS
qs ki AU ki EimS
1.13.1 sW AU Cxmi
1.13.2 Alr ki AU ki EimS
xp CelrUa
1.14.1 CsYOlM
1.14.2 oes
1.14.3 Alr
uWl, uWl M me AU riri M EmMUh
U AU Apwh
lqh
AkUpi xUcl
1.18.1 Fe
1.18.2 SUxcU
1.18.3 xQM
1.18.4 WuD A
1.18.5 ml
1.18.6 Usu (CQrl Usu M
Asu Alr)
1.18.7 Alr AkUpi xUcl
Alr Ea
Ea
(sb, qkrq AU oQ mql M Ms)

lk AkUi oMr
31.03.2014
31.03.2013
30,718.20
22,982.40
68,830.80
57,240.40
19,555.10
20,159.40
2,606.70
2,063.50
1,062.00
1,320.00
45,607.00
33,697.50
7,540.00
6,974.00
134,320.50
123,964.50
60,197.60
52,027.80
1,380.00
1,370.00
72,742.90
70,566.70
12,332.70
9,776.20
4,460.00
3,878.20
20,730.10
20,676.40
48,195.90
44,281.30

(` qsrl q)
Ll LT o oMr
31.03.2014
31.03.2013
1,520.00
4,706.30
4,520.00
3,500.00
560.00
520.00
1,400.00
370.00
710.00
650.00
1,850.00
1,960.00
250.00
220.00
13,850.00
14,920.00
3,150.00
2,640.00
240.00
100.00
10,460.00
12,180.00
320.00
690.00
1,440.00
1,120.00
4,640.00
470.00
28,250.00
21,190.00

42,298.80

40,635.60

7,759.40

5,303.00

2,675.30
17,408.40
3,719.60
18,495.50
13,370.00
1,706.80
18,357.30

2,892.20
16,613.30
4,706.50
16,423.60
13,302.70
1,186.70
9,527.80

3,070.00
2,030.00
349.40
2,310.00
1,810.00
30.00
610.00

690.00
1,940.90
282.10
2,390.00
1,430.00
30.00
1,222.10

187,575.30
122,509.90
65,065.40
71,680.50
11,876.10
18,550.00
41,254.40
32,448.20
11,180.00
48,672.50
645,301.30
438,329.90
73,731.70
70,380.00
18,270.00
10,920.00

183,881.90
119,747.50
64,134.40
64,481.00
10,275.50
16,296.70
37,908.80
32,199.30
29,644.20
45,626.40
504,618.70
312,696.60
80,040.80
60,741.30
15,071.80
7,156.10

39,270.00
31,230.00
8,040.00
52,623.40
6,440.00
17,923.40
28,260.00
6,950.00
10,890.00
44,130.00
38,910.00
32,210.00
3,910.00
680.00
0.00
110.00

37,312.90
28,162.90
9,150.00
52,820.00
10,050.00
19,460.00
23,310.00
5,666.90
11,980.00
41,170.00
39,820.00
34,690.00
3,120.00
1,570.00
0.00
50.00

11,730.00

1,670.00

0.00

21,939.70
198,651.10

28,922.10
216,675.20

330.00
8,340.00

390.00
7,167.30

1,598,370.00

1,431,552.90

266,112.80

250,738.50

*Alr AkUpi xUcl q zqs Mr ar |

214

(c) Industry Type Distribution of Exposures (Global)


SL.
NO.
1.1
1.2

1.3
1.4

1.5
1.6
1.7
1.8
1.9

1.10
1.11
1.12
1.13

1.14

1.15
1.16
1.17
1.18

1.19

INDUSTRY
Mining and Quarrying
Food Processing
1.2.1 Sugar
1.2.2 Edible Oils and Vanaspati
1.2.3 Tea
1.2.4 Others
Beverage & Tobacco
Textiles
2.4.1 Cotton Textiles
2.4.2 Jute Textiles
2.4.3 Other Textiles
Leather & Leather Products
Wood and Wood Products
Paper & Paper Products
Petroleum, Coal Products and Nuclear
Fuels
Chemicals and Chemical Products
1.9.1 Fertilizer
1.9.2 Drugs & Pharmaceuticals
1.9.3 Petro Chemicals
1.9.4 Others
Rubber, Plastic & their Products
Glass and Glassware
Cement and Cement Products
Basic Metal and Metal Products
1.13.1 Iron and Steel
1.13.2 Other Metal and Metal Products
All Engineering
1.14.1 Electronics
1.14.2 Electricity
1.14.3 Others
Vehicles, Vehicle Parts and Transport
Equipments
Gems & Jewellery
Construction
Infrastructure
1.18.1 Power
1.18.2 Telecommunications
1.18.3 Roads
1.18.4 Airport
1.18.5 Ports
1.18.6 Railways (other than
Indian Railways)
1.18.7 Other Infrastructure
Other Industries
INDUSTRY (Total of Small, Medium and
Large Scale)

FUND BASED OUTSTANDING


31.03.2014
31.03.2013
30,718.20
22,982.40
68,830.80
57,240.40
19,555.10
20,159.40
2,606.70
2,063.50
1,062.00
1,320.00
45,607.00
33,697.50
7,540.00
6,974.00
134,320.50
123,964.50
60,197.60
52,027.80
1,380.00
1,370.00
72,742.90
70,566.70
12,332.70
9,776.20
4,460.00
3,878.20
20,730.10
20,676.40
48,195.90
44,281.30

Amount (` in million)
NFB OUTSTANDING
31.03.2014
31.03.2013
1,520.00
4,706.30
4,520.00
3,500.00
560.00
520.00
1,400.00
370.00
710.00
650.00
1,850.00
1,960.00
250.00
220.00
13,850.00
14,920.00
3,150.00
2,640.00
240.00
100.00
10,460.00
12,180.00
320.00
690.00
1,440.00
1,120.00
4,640.00
470.00
28,250.00
21,190.00

42,298.80

40,635.60

7,759.40

5,303.00

2,675.30
17,408.40
3,719.60
18,495.50
13,370.00
1,706.80
18,357.30

2,892.20
16,613.30
4,706.50
16,423.60
13,302.70
1,186.70
9,527.80

3,070.00
2,030.00
349.40
2,310.00
1,810.00
30.00
610.00

690.00
1,940.90
282.10
2,390.00
1,430.00
30.00
1,222.10

187,575.30
122,509.90
65,065.40
71,680.50
11,876.10
18,550.00
41,254.40

183,881.90
119,747.50
64,134.40
64,481.00
10,275.50
16,296.70
37,908.80

39,270.00
31,230.00
8,040.00
52,623.40
6,440.00
17,923.40
28,260.00

37,312.90
28,162.90
9,150.00
52,820.00
10,050.00
19,460.00
23,310.00

32,448.20

32,199.30

6,950.00

5,666.90

11,180.00
48,672.50
645,301.30
438,329.90
73,731.70
70,380.00
18,270.00
10,920.00

29,644.20
45,626.40
504,618.70
312,696.60
80,040.80
60,741.30
15,071.80
7,156.10

10,890.00
44,130.00
38,910.00
32,210.00
3,910.00
680.00
0.00
110.00

11,980.00
41,170.00
39,820.00
34,690.00
3,120.00
1,570.00
0.00
50.00

11,730.00

1,670.00

0.00

21,939.70
198,651.10

28,922.10
216,675.20

330.00
8,340.00

390.00
7,167.30

1,598,370.00

1,431,552.90

266,112.80

250,738.50

*Included in Other Infrastructure

215

Ea M Gh eZq eW oMr eZq oM M Ms xqa Gh eZq M 5%


% x AkM W, lqlui W:
qM
1

Ms Gh eZq
(` qsrl q)

Ea
Fe

Ms xqa Gh
eZq M %

470,539.90

9.08%

Credit Exposure of industries where outstanding exposure is more than 5% of the Total Gross Credit Exposure of the
Bank is as follows:
Sl.
No.
1

Total Exposure
(`. in Million)

Industry
Power

% of Total Gross Credit


Exposure

470,539.90

9.08%

(b) Axir M Auz xuSiqM mUmYui upel (uM)


(Uz ` qsrl q)
mUmYui xum

Aaq

luz

uSz qS Axi

0 x 1 Sl

94,882.20
(54,083.30)

2,379.70
(3,069.40)

12,942.80
(8,427.30)

2 x 7 Sl

136,358.60
(66,891.30)

5,490.20
(8,738.80)

30,257.90
(16,437.70)

8 x 14 Sl

111,190.00
(72,038.90)

556.30
(5,284.10)

14,752.80
(12,089.80)

15 x 28 Sl

162,313.80
(90,219.50)

6,304.10
(20,722.90)

22,710.10
(23,049.10)

29 Sl x 3 qWl iM

207,013.00
(226,679.70)

24,068.20
(89,871.00)

75,515.40
(67,224.00)

3 qWl x AkM u 6 qWl iM

214,633.70
(203,933.00)

13,400.20
(15,576.80)

60,541.20
(50,747.50)

6 qWl x AkM u 1 xs iM

401,353.20
(397,288.30)

22,276.50
(16,135.50)

85,664.50
(27,932.90)

1 xs x AkM u 3 xs iM

763,646.60
(654,157.30)

123,320.90
(76,726.10)

37,959.00
(13,809.90)

3 xs x AkM u 5 xs iM

279,747.30
(232,892.00)

300,922.90
(186,991.50)

14,758.90
(15,652.90)

5 xs x AkM

639,536.40
(423,582.80)

769,563.50
(788,212.20)

19,328.30
(18,122.90)

3,010,674.80
(2,421,766.20)

1,268,282.50
(1,211,328.30)

374,430.90
(253,494.00)

Ms
(MM q mNs xs M AMQ Sr ar W)

216

(Amount ` in million)

(d) Residual Contractual Maturity Breakdown of Assets (Global)


Maturity Pattern

Advances

Investments

Foreign
Currency Assets

0 to 1 day

94,882.20
(54,083.30)

2,379.70
(3,069.40)

12,942.80
(8,427.30)

2 to 7 days

136,358.60
(66,891.30)

5,490.20
(8,738.80)

30,257.90
(16,437.70)

8 to 14 days

111,190.00
(72,038.90)

556.30
(5,284.10)

14,752.80
(12,089.80)

15 to 28 days

162,313.80
(90,219.50)

6,304.10
(20,722.90)

22,710.10
(23,049.10)

29 days to 3 months

207,013.00
(226,679.70)

24,068.20
(89,871.00)

75,515.40
(67,224.00)

Over 3 months & upto 6 months

214,633.70
(203,933.00)

13,400.20
(15,576.80)

60,541.20
(50,747.50)

Over 6 months & upto 1 year

401,353.20
(397,288.30)

22,276.50
(16,135.50)

85,664.50
(27,932.90)

Over 1 year & upto 3 years

763,646.60
(654,157.30)

123,320.90
(76,726.10)

37,959.00
(13,809.90)

Over 3 year & upto 5 years

279,747.30
(232,892.00)

300,922.90
(186,991.50)

14,758.90
(15,652.90)

Over 5 years

639,536.40
(423,582.80)

769,563.50
(788,212.20)

19,328.30
(18,122.90)

3,010,674.80
(2,421,766.20)

1,268,282.50
(1,211,328.30)

374,430.90
(253,494.00)

Total
(The figures in brackets relate to previous year)

217

(X) AleM Axir:


qM
M)

(` qsrl q)
qS

31.03.2014

31.03.2013

xMs Ll m L

75,702.10

62,601.70

AuqlM

34,363.40

42,787.10

xSak 1

24,303.60

7,828.50

xSak 2

16,928.60

5,752.00

xSak 3

106.50

5,735.80

0.00

498.30

59,654.60

52,780.70

xMs Ll m L M mi xMs Aaq (%)

2.49

2.57

lus Ll m L M mi lus Aaq (%)

1.98

2.18

mUpM zw

62,601.60

40,317.50

xukl

84,436.20

58,193.00

Mq

71,335.70

35,908.90

Ci zw

75,702.10

62,601.60

9,329.60

5,985.60

304.60

86.70

22,380.30

18,609.90

15,912.50

15,352.60

493.60

0.00

15,608.40

9,329.60

Wl
Z)

lus Ll m L

a)

Ll m L Almi

b)

X)

Ll m L M EiU-cRu (xMs)

AleM Axi M EiU - cRu Wi mukl


mUpM zw
ulqr AxjUi mU xqrel
uw M SUl ML aL mukl
AiU mukl M o Zi / (mlsZl) q Qsl
Ci zw

c)

AleM luz xok Uz

2,848.10

2,257.60

N)

AleM luz Wi kUi mukl xok Uz

2,198.10

2,012.60

e)

luz mU qsrx Wi mukl M EiU-cRu


2,128.00

6,299.00

550.10

257.70

0.00

0.00

AiU mukl M misZl

1,041.60

4,379.60

Ci zw

1,636.50

2,177.10

mUpM zw
Auk M SUl Mr ar mukl
o Zi q Qsl

218

(` Amount in million)

(e) Non-Performing Assets:


Sl.
No.

Items

31.03.2014

31.03.2013

75,702.10

62,601.70

Sub-Standard

34,363.40

42,787.10

Doubtful 1

24,303.60

7,828.50

Doubtful 2

16,928.60

5,752.00

Doubtful 3

106.50

5,735.80

0.00

498.30

59,654.60

52,780.70

Gross NPAs to Gross Advances (%)

2.49

2.57

Net NPAs to Net Advances (%)

1.98

2.18

Opening balance

62,601.60

40,317.50

Additions

84,436.20

58,193.00

Reductions

71,335.70

35,908.90

Closing Balance

75,702.10

62,601.60

9,329.60

5,985.60

304.60

86.70

Provisions made during the Year

22,380.30

18,609.90

Write-off

15,912.50

15,352.60

493.60

0.00

15,608.40

9,329.60

2,848.10

2,257.60

2,198.10

2,012.60

2,128.00

6,299.00

550.10

257.70

0.00

0.00

Write Back of excess Provisions

1,041.60

4,379.60

Closing Balance

1,636.50

2,177.10

a) Gross NPAs

Loss
b) Net NPAs
c) NPA Ratios

d) Movement of NPAs (gross)

e) Movement of Provisions for NPAs


Opening Balance
Adjustment towards Exchange Fluctuation

Write back of excess provisions


Closing Balance
f)

Amount of Non-performing Investments

g) Amount of Provisions held for Non-performing Investments


h) Movement of Provisions for Depreciation on Investments
Opening Balance
Provisions made during the period
Write-off

219

mMOl mm isM 5:: qlMMi SMh


M Akl xupa M mMOMUh:

TABLE DF 5: DISCLOSURES FOR PORTFOLIOS


SUBJECT TO THE STANDARDIZED APPROACH:

ahiqM mMOMUh:

Qualitative Disclosures:

(M) qlMMi SMh M Aiai xupa M sL:

(a) For Portfolios under the Standardized Approach:

oM l qlMMi SMh M iWi me mpU M mUMsl


M sL Gh eZq M UOa ij eZq pUi lkUh M
sL lql QO UOa Lexr M AlqSi Mr W |

Sz xZ UOa Lexr:

The Bank has recognized following credit rating


agencies for the purpose of rating of an exposure
& assigning risk weights for computation of capital
charge under standardized approach.

oMuM UOax CQr mCuO sqOQ (oMuM)

Domestic Credit Rating Agencies:


Brickwork Ratings India Private Limited (Brickwork)

xZ uzswh u Alxkl sqOQ (MrU)

Credit Analysis & Research Limited (CARE)

xs sqOQ

CRISIL Limited

CMU sqOQ

ICRA Limited

CQr UOax u Alxkl mCuO sqOQ (mWs Tc CQr)

India Ratings and Research Private Limited (Formerly


FITCH India)

xqU UOax sqOQ

SMERA Ratings Limited

AiUr xZ UOa Lexr:

International Credit Rating Agencies:

xOQQ u mAU

Standard & Poor,

qQe

Moodys,

Tc

FITCH

Types of exposure for which each agency is used:


All the above agencies are recognized for rating all types
of exposures.

Lexr M Cxiqs ML aL Gh eZq M mMU:


Emr xp Lexr M xp mMU M Gh eZq M UOa M
sL AlqSi Mr ar W |

A description of the process used to transfer public issue


ratings onto comparable assets in the banking books:

oMa oWr q xuelM laq xok UOa M islr Axi


q AiUh MUl Wi mr mr xok uuUh:

oM xuelM m x Emsok mji uk UOa M Emra


MUi W elM xq qlrimmi ij oWU Gh qsrMl
xxjA M m q el qlrimmi oWU Gh qsrMl
xxjl (DxLAD) MUi W |

EkUMi M Gh eZq pUi M mWcll Wi oM U


oM Gh UOa M mra Mr ei W | eW eUMi UOa
Emsok W, eo iM oM Gh M uz m x UOa lW
Mr ar W, io iM oM Cx mMU M UOa M Cxiqs
MUi W|

oM U LM W EkUMi M Mx LM Gh eZq M
sL LM DxLAD M AU SxU Gh eZq M sL SxU
DxLAD M mra lW Mr ei, eo iM M xoki Gh
eZq M UOa Mx LM clS DxLAD U W Mr
ar W | Aa, Mx MmUO xqW M piU mirM xxj M
sL lkUi UOa M, Ex xqW M Mx Alr xxj M
eZq pU M lkUh M sL oM mra lW MUi W |

220

The Bank uses only publicly available solicited


ratings that are valid and reviewed by the recognized
External Credit Rating Agencies, referred as External
Credit Assessment Institutions (ECAI).

Bank uses Bank Loan Rating for risk weighting


the borrowers exposures. Where Issuer Rating is
available, the Bank uses such ratings unless the bank
loan is specifically rated.

The Bank does not simultaneously use the rating


of one ECAI for one exposure and that of another
ECAI for another exposure of the same borrower,
unless the respective exposures are rated by only
one of the chosen ECAIs. Further, the Bank does not
use rating assigned to a particular entity within a
corporate group to risk weight other entities within
the same group.

lMS Gh ex mUcsl xqA M Sbuk Gh eZq


M m q ql ei W AU iSlxU Lx Gh eZq M
sL eZq pU M lkUh M sL Sbuk UOa M mra
Mr ei W |

Running limits such as Cash Credit are treated as


long term exposures and accordingly, long term
ratings are used for assigning risk weights for such
exposures.

DxLAD U lkUi UOa M qml / sa MUi xqr oM,


ulrqM SzlSz / oM M lSzM qQs U AlqSi
li x qaSzi Wi W |

While mapping/applying the ratings assigned by the


ECAIs, the Bank is guided by regulatory guidelines/
Banks Board approved Policy.

eW Gh eZq / EkUMiA M clS DxLAD x LM


x AkM UOa mmi W, uW oM eZq pUi M mUMsl
M sL lql mrL Amli W:

Where exposures/ borrowers have multiple ratings


from the chosen ECAIs, the Bank has adopted the
following procedure for risk weight calculations:

cl WD DxLAD, e p eZq pU M qml MUi


W, U S UOa S ei W i Lx xji q E eZq
pU M sa Mr ei W|

If there are two ratings accorded by chosen ECAIs,


which map into different risk weights, the higher
risk weight is applied.

eW cl WD DxLAD U il r Exx AkM UOa


S ei W, e up eZq pU x eQi W i Lx
xji q 2 lqliq UOa M Alm UOa M sr
ei W AU El q x Eiq eZq pU M sa Mr
ei W|

If there are three or more ratings accorded by


the chosen ECAIs which map into different risk
weights, the ratings corresponding to the lowest
2 ratings are referred to and higher of those two
risk weights is applied.

mUqhiqM mMOl:
mqZ eZq q oM LYxmeU M Uz - Ms Aaq (lkUi u AlkUi)- eZq mzqM (Aji xmM) M Mq MUl
M mi qlMMi SMh M Aiai:
qM

1
2
3
4

uuUh
100% x Mq eZq pU
100% eZq pU
100% x erS eZq pU
Mq Mr ar (eZq mzqM)
Ms

Uz (` qsrl q)
lk AkUi
aU-lk AkUi
31.03.2014
31.03.2013
31.03.2014
31.03.2013
3,130,336.20 2,626,145.40 1,791,548.20
2,528,147.00
933,841.70
713,810.10
674,130.30
644,600.40
544,486.80
373,358.60
253,408.20
202,863.10
375,654.30
310,179.90
125,497.70
43,416.20
4,233,010.40 3,403,134.20* 2,593,588.90 3,332,194.20*

*AMQ mlxqWi ML aL W|
Quantitative Disclosures:
Amount of the Banks Exposures Gross Advances (Rated & Unrated) in Major Risk Buckets under Standardized
Approach, after factoring Risk Mitigants (i.e. Collaterals):
Amount (` in million)
Sl.
No.

1
2
3
4

Exposures
Below 100% Risk Weight
100% Risk Weight
More than 100% Risk Weight
Deducted (Risk Mitigants)
TOTAL

FUND BASED
NON-FUND BASED
31.03.2014
31.03.2013
31.03.2014
31.03.2013
3,130,336.20 2,626,145.40 1,791,548.20
2,528,147.00
933,841.70
713,810.10
674,130.30
644,600.40
544,486.80
373,358.60
253,408.20
202,863.10
375,654.30
310,179.90
125,497.70
43,416.20
4,233,010.40 3,403,134.20* 2,593,588.90 3,332,194.20*

*Figures Regrouped.

221

mUMOl mm isM 6:: Gh eZq Mq


MUl - qlMMi SMh:

TABLE DF 6: CREDIT RISK MITIGATION


STANDARDIZED APPROACH:

ahiqM m
mMOl:

Qualitative Disclosures:

xmM qsrMl AU mokl M sL li AU mr: mpu


xmM mokl M sL oM q lSzM qQs U mkMi
xmM mokl li W e mr, Ezr, xmM M xuMi
mMU, Eci mokl xcl mhs xWi mUZ lkUi MUi
W | LM xW m q sr ar AU mokl Mr ar xmM AU
aUOr lql M sL xWrM Wa:

Policies and processes for collateral valuation and


management: The Bank is having a Board approved
collateral management policy which lays down the
process, objectives, accepted types of collaterals and the
framework including suitable management information
system for effective collateral management. The
Collaterals and guarantees properly taken and managed
that would serve to:

mirzi lMS muW q Amrmii r Mx Alrj Gh


xuk M cMi M xok q EkUMi U cM Wl mU
cMi M SxU xi mSl MUi WL eZq M Mq MUl|

cM Wl mU cMi M xi mU lrh ml |

EkUMi M aUi cMi qi mU zb ciul Sl AU

eZq pUi Axir M oRl AU mrmi m x Auz


eZq M luUh MUl|

oM Aml xql A UW Gh eZq M Mq MUl M sL MD


iMlM M Cxiqs MUi W | xzki SMh pUi M oM
M xqa SMh (Sl qlMMi ij AD AU o SMh M
iWi), e Gh eZq mU xmM M xmh BTxO M mi
Gh eZq Uz M xmM M sL ql aL qsr M U
mpu m x Mq MUl Wi, Amll M sL Alqi MUi W |
Cx SMh M iWi, oM, e m ur xmM mmi MUi
W, ElW xmM M eZq mzql mpu M Wxo sMU me
AuzrMiA M mUMsl MUi xqr MEOUmO M Gh eZq
M Mq MUl M sL Alqi W |

mitigate the risk by providing secondary source of


repayment in the event of borrowers default on a
credit facility due to inadequacy in expected cash
flow or not;

gain control on the source of repayment in the event


of default;

provide early warning of a borrowers deteriorating


repayment ability; and

Optimize risk weighted assets and to address


Residual Risks adequately.

Bank uses a number of techniques to mitigate the credit


risks to which they are exposed. The revised approach
allows banks in India to adopt the Comprehensive
Approach (under both the Standardized and IRB
approaches) which allows fuller offset of collateral
against exposures by effectively reducing the exposure
amount by the value ascribed to the collateral. Under
this approach, banks, which take eligible financial
collateral, are allowed to reduce their credit exposure
to the counterparty when calculating their capital
requirements by taking into account the risk mitigating
effect of the collateral.

oM M xmM mokl mr AU AcUh q, xU AU


xmM qsr M xU u xUh, xmM AU aUOr M
uki AU qsrMl / AukM lUh xWi xmh ruk
muUi W |

Collateral Management process and practices of the


Bank cover the entire activities comprising security and
protection of collateral value, validity of collaterals and
guarantees, and valuation / periodical inspection.

qsrMl: oM U mSl Mr ar Gh M mipi MUl Wi mmi


Acs AU cs Sl Axir oM U xco M aD oWU
qsrMlMiA U qsrMl M Akl W| Zi M qSM xq,
EkUMi M xm M uaMUh, exM qsrMl Mr el
W, qsrMl M AukMi AS oM M li xok SzlSz
q EssZi M ar W| oM lrqi AiUs q qsrMl M
SzlSz M xq MUi W |

Valuation: Both the Fixed and the Current Assets obtained


to secure the loans granted by the Bank are subjected to
valuation by valuers empanelled by the Bank. Monetary
limits of the accounts, asset classification of the borrower,
which is to be subjected to valuation, periodicity of
valuation, are prescribed in the Banks policy guidelines.
Bank reviews the guidelines on valuation periodically.

222

oM U sr ar xmM M mqZ mMU xok uuUh: eZq

Description of the main types of collateral taken by


the Bank: The collateral commonly used by the Bank
as risk mitigants comprises of Financial Collaterals
(i.e. Cash, Bank deposits, Life Insurance policies, NSC,
KVP, Government securities issued directly / by postal
departments, equity shares of limited companies other
than the Bank and approved by the Bank, debentures,
units of mutual funds, debt securities etc.), different
categories of moveable assets and immoveable assets /
properties etc. However, for the purpose of computation
of capital required under Standardized Approach, certain
specific financial collaterals have been recognized as
eligible collateral.

M Mq MUl Wi oM U xqlri: mr mqZ xmM mMU


q ur xmM (Aji lMS, oM eqL, eul oq msxr,
Ll Lx x, M u m, QM upa U mir m x eU xUMU
mipir, oM U AlqSi sqOQ Mmlr M DYuO zrU,
QocU, qrcAs TQ M CMCr, Me mipir AS), up
mMU M cs u Acs xmr / Axir AS zqs W| ijm,
qlMMi SMh M iWi AuzrM me M mUMsl Wi MN
uz xmM M m eqli M m q qlri S aD W |
aUOMi mimMU AU ElM Gh - mi M mqZ mMU:

Main types of Guarantor counterparty and their


creditworthiness: Bank obtains/ accepts guarantees
of sovereign, sovereign entities (including BIS, IMF,
European Central Bank and European community as
well as Multilateral Development Banks, ECGC and
CGTMSE). Besides this, Bank also obtains Personal or
Corporate guarantee having adequate net worth, as an
additional comfort for mitigation of credit risk which can
be translated into a direct claim on the guarantor, and
are unconditional and irrevocable. The Creditworthiness
of the guarantor is normally not linked to or affected by
the borrowers financial position. The Bank also accepts
guarantee given by State / Central Government as a
security comfort. Such Guarantees remain continually
effective until the facility covered is fully repaid or settled
or released.

oM xur xxjA (oADLx, ADLqLT, rUmr xOs


oM u rUmr xqi, oWmr uMx oM, Dxex ij
xeOLqLxD xWi) M aUOr mmi / xuMU MUi W| CxM
Asu, Gh eZq M Mq MUl M AiU xuk M m q
oM urM r MmUO aUO mmi MUi W exM aUOMi M
FmU mir Su M m q mUuii Mr e xMi W AU rW zi
UWi ij AuMsm W| aUOMi M xZ xqlri: EkUMi M
AjM xji x xo r mpui lW Wi W | Uer / MSr
xUMU U S ar aUO M p oM mipi M m q xuMU
MUi W| Lx mipir io iM mpu UWi W eo iM muUi
xuk M mU iUW x cMi r lmOl r eU lW W ei W|
lD me mrmii mUZ M Aiai me AmA M Mq MUl

Credit Risk Mitigation recognized by the Bank for the


purpose of reducing capital requirement under New
Capital Adequacy Framework (Basel II Norms): The Bank
has recognized Cash, Banks own Deposits, Gold & Gold
Jewellery as Credit Risk Mitigations for the purpose of
reducing capital requirement under the New Capital
Adequacy Framework (Basel II Norms).

M Ezr x oM U qlri mmi Gh eZq mzql (oxs II


qlM): lD me mrmii mUZ (oxs-II qlM) M Aiai
me AmA M Mq MUl M Ezr x oM l lMS, oM M
le eqL, xuh u xuh Apwh M Gh eZq mzql M
m q qlri S W|

Information about risk concentration within the


mitigation taken: The Bank has already initiated
steps for putting in place a data warehouse for a
robust Management Information System (MIS) to
facilitate management of Credit Risk and evaluation of
effectiveness of collateral management including risk
concentrations of collaterals.

mzql Wi EPr ar Emr


Emr M Aiai eZq MSMUh xok
xcl: Gh eZq M mokl AU xmM M eZq MSMUh
xWi xmM mokl M mpu qsrMl M xxkr oll Wi
oM U LM qeoi mokl xcl mhs (LqADLx) Wi LM
QO urU WEx xjmi MUl M mr cs UW W|

223

mUqhiqM mMOl:
qM
1

uuUh

(` qsrl q)
Uz
31.03.2014 31.03.2013

Quantitative Disclosures:
(` in Millions)
AMOUNT
Sl.
PARTICULARS
No.
31.03.2014 31.03.2013
1 The total exposure
(after, where applicable,
on- or off balance sheet
netting) that is covered
by eligible financial
collateral after the
application of haircuts
for each separately
disclosed credit risk
479,925.38 342,841.90
portfolio.
2 The total exposure
(after, where applicable,
on- or off-balance sheet
netting) that is covered
by guarantees/credit
derivatives (whenever
specifically permitted
by RBI) For each
separately disclosed
portfolio
245,019.15 286,496.20

mirM Asa x mMOMi


Gh eZq xupa M
sL qel sa MUl M
oS, m ur xmM
M U muUi Ms Gh
eZq (isl m u isl
m CiU M xqrel MUl
M mi, eW MW sa
W)
479,925.38 342,841.90
mirM Asa x mMOMi
Gh eZq xupa
M sr aUOr / Gh
urimr x (eo Mp
p.U.oM U uz m
x Alqi) muUi Ms Gh
eZq (isl m u isl
m CiU M xqrel MUl
M mi, eW MW sa
W)
245,019.15 286,496.20

TABLE DF 7: SECURITIZATION
STANDARDIZED APPROACH:

mMOl mm isM
isM 7:: mipiMUhqlMMi SM
Mh:

Qualitative Disclosures:
The policy guidelines cover guidelines involving transfer
of assets through Securitization and direct assignment
of cash flows and are on without recourse basis.

ahiqM mMOl:
li SzlSz mipiMUh M qkrq x Axir M AiUh
ij lMS muW M mir xqlSzl M W muUi MUi W e
Ali AkU mU W |
qlMMi Axir M mipiMUh mU oM M SL aL SzlSz
q lqlai oi zqs W : Axir M mipiMUh x xoki mukl
lMS muW M mir xqlSzl M qkrq x qlMMi
Axir M AiUh x xoki zi |
oM M uiql liai SzlSz LM muiM (oM, Ll o LT x
/ LT AD) x xqWM lk M ZUS M Mr MUi W | muiM
oM / Ll o LT x / LT AD x lMS muW M mir xqlSzl
M qkrq x Axir M ZUS L ij Exx FmU qsrus x
W | oM M li q Mw, Lq Lx Lq D, ZSU u aU mjqMi
xupa x xoki AkUpi Axir M ZUSl M mukl W |

The guidelines to banks on securitisation of standard


assets contain:
The provisions relating to securitization of assets.
Stipulations regarding transfer of standard assets
through direct assignment of cash flows.
The banks existing policy guidelines deals with purchase
of pools from an originator (Bank/NBFC/FI). Purchase of
assets through Direct Assignment of cash flows from
originating NBFCs/Banks/FIs shall be only from those
rated A and above. The Banks Policy has the provision to
purchase portfolio with underlying assets pertaining to
Agriculture, MSME, Retail and Non priority portfolio.
Bank can purchase loans from other banks/FIs/NBFCs
in India only if the seller has explicitly disclosed to the
bank that it will adhere to the Minimum Retention
Requirement on an ongoing basis.
The bank monitors the purchase transactions on an
ongoing basis at certain intervals and takes appropriate
action wherever required. The general prescription laid
down in the Master policy on Credit Risk Management
with regard to loan review mechanism and monitoring is
applicable to securitization transactions.
The exposure to the originator shall be within the
prudential exposure ceilings stipulated by the Bank.

rS ui xm m x oM M oir ar, M u lUiU AkU mU


lrliq mikUh AuzrMiA M msl MU UW W, i oM pUi
M Alr oM / ur xxjA / aU-oMa ur Mmlr x
Gh ZUS xMi W |
oM lUiU AkU mU ZUS aL sl-Sl M laUl MUi W AU
AuzrMi mQl mU Eci MUuD p MUi W | xZ eZq
mokl mU qxOU li q lkUi xqlr zi M AlxU mirM
Gh M xok q Gh xq i ij laUl M msl Mr
eL |
muiM M sL Gh eZq oM U lkUi uuMmh Gh
eZq xq M ASU W W |

224

mUqhiqM mMOl:
(i) oMa oW:

(` qsrl q)

qM uuUh

31.03.2014

31.03.2013

18,742.60

0.00

Q.

oM U mipiMi Ms Uz M LYxmeU

D.

cs Auk M SUl oM U qlri mmi mipiMi lMxl M mMOl M sL pa ML aL LYxmeU M mMU (AilWi
mipi U orUuU QO MQ, Aux Gh,AO Gh CirS):
mMOl mMU
Aux Gh
LqLx Lq D Gh
Ms

(` qsrl q)

oMr mMOl rj
31.03.2014
31.03.2013
9,639.10
0.00
9,103.50
0.00
18,742.60
0.00

LT.

LM uw M piU mipiMi M el us xm M Uz

e.
Lc.

xuMi sp /bO
31.03.2014
31.03.2013
zlr
zlr
zlr
zlr
zlr
zlr
zlr

zlr

(x) q x LM uw M piU mipiMUh M mu Eim xm M Uz

sa lW

sa lW

mipiMi mipiMUh M Ms Uz (LYxmeU mMU) ij LYxmeU mMU U


o mU Aqlr sp r Wl

sa lW

sa lW

AD. lql M Ms Uz

islm mU oUMUU mipiMUh mMOl r eZq mMU M AkU mU ubOi WMU ZUS aL

(` qsrl q)
oMr LYxmeU rj
31.03.2014
31.03.2013
9,639.10
0.00
9,103.50
0.00
18,742.60
0.00

LYxmeU mMU
Aux Gh
Lq Lx Lq D Gh
Ms

e.

isl m x Asa LYxmeU mMU M AkU mU ubOi mipiMUh LYxmeU

zlr

(i) 31/03/2014 iM mipiMUh mMOl M Ms Uz M oUMUU UZ ar r ZUS ar LYxmeU M oc oO Sr ar CxM


Asu mirM ulrqM me SMh M sL eQ me zsM, M up eZq pU us oQ q oO Sr ar
(` qsrl q)
mMOl mMU
Aux Gh
Lq Lx Lq D Gh
Ms

< 100%
eZq pU
-

100%
eZq pU
9,639.10
9,103.50
18,742.60

> 100%
eZq pU

me mpU 9%
M SU x
9,639.10
867.52
9,103.50
819.31
18,742.60
1,686.83

Ms LYxmeU
-

(ii) OrU 1 me x mU iUW MOi ML aL LYxmeU, xZ ukl M sL Ms me x MOi ML aL AD/A ij Ms


me x MOi ML aL Alr LYxmeU (LYxmeU mMU M AkU mU)
zlr

225

Quantitative Disclosures:
(i) Banking Book:
(` in Millions)
Sl
PARTICULARS
No

31.03.2014

31.03.2013

18,742.60

0.00

d.

The total amount of exposures securitized by the Bank.

e.

For exposures securitized losses recognized by the Bank during the current period broken by the exposure type
(e.g. Credit Cards, Housing Loans, Auto Loans etc. detailed by underlying security):
(` in Millions)
Exposure Type
Housing Loans
MSME loan
Total

Exposure Outstanding as on
31.03.2014
31.03.2013
9,639.10
0.00
9,103.50
0.00
18,742.60
0.00

Recognized gains/(losses)
31.03.2014
31.03.2013
Nil
Nil
Nil
Nil
Nil
Nil

f.

Amount of assets intended to be securitized within a year

Nil

Nil

g.

Of (f), amount of assets originated within a year before Securitisation.

NA

NA

h.

The total amount of exposures securitized (by exposure type) and


unrecognized gain or losses on sale by exposure type

NA

NA

i.

Aggregate amount of:


On-balance sheet Securitisation Exposures retained or purchased broken down by exposure type
(` in Millions)
Exposure Type

Exposure Outstanding as on
31.03.2014
31.03.2013
9,639.10
0.00
9,103.50
0.00
18,742.60
0.00

Housing Loans
MSME loan
Total

j.

Off-balance sheet Securitisation Exposures broken down by exposure type - Nil

(i) Aggregate amount of Securitisation Exposures retained or purchased and the associated capital charges,
broken down between exposures and further broken down into different risk weight bands for each regulatory
capital approach as on 31.03.2014
(` in Millions)
Exposure Type
Housing Loans
MSME loan
Total

< 100% risk


weights
-

100% risk
> 100% risk
weights
weights
9,639.10
9,103.50
18,742.60
-

Total
Capital
exposure
Charge @ 9%
9,639.10
867.52
9,103.50
819.31
18,742.60
1,686.83

(ii) Exposures that have been deducted entirely from Tier 1 Capital, credit enhancing I/Os deducted from total
capital, and other exposures deducted from total capital (by exposure type) - Nil

226

(ii) oW OQa
(` qsrl q)
qM uuUh
M

oM U mipiMi mMOl M Ms Uz exM sL oM l MN LYxmeU oUMUU


UZ W AU e LYxmeU mMU M U oeU eZq SMh M Akl W

Ls

lql M Ms Uz:
isl m mU oUMUU mipiMUh mMOl r eZq mMU M AkU mU ubOi
WMU ZUS aL: AU

31.03.2014

31.03.2013

11,075.50

57.60

11,075.50

57.60

zlr

zlr

11,075.50

57.60

isl m x Asa LYxmeU mMU M AkU mU ubOi LYxmeU


Lq

Asa x ZUS aL r oUMUU UZ aL mipiMUh LYxmeU M Ms Uz


uz eZq M sL urmM eZq Emr M zi mU oUMUU UZ aL r ZUS
aL mipiMUh LYxmeU, AU

uz eZq M sL mipiMUh Rc M mipiMUh LYxmeU M Akl up eZq pU us oQ q ubOl


(` qsrl q)
rj SlM
rj SlM
qM
eZq pU
31.03.2014 M
31.03.2013
LYxmeU
LYxmeU
<100% eZq pU
1
0.00
0.00
100%
e

Zq
pU
2
0.00
0.00
>100% eZq pU
3
11,075.50
57.60
Ms
11,075.50
57.60
4
Ll

lql M Ms Uz:
up eZq pU oQ q ubOi mipiMUh Rc M Akl mipiMUh mMOl M sL AuzrM me
qM
1
2
3
4

rj 31.03.2014 M
me M AuzrMi
0.00
0.00
1,495.10
1,495.10

eZq pU oQ
<100% eZq pU
100% eZq pU
>100% eZq pU
Ms

OrU 1 me x mU iUW MOi ML aL mipiMUh LYxmeU, xZ ukl M


sL Ms me x MOi ML aL AD/A ij Ms me x MOi ML aL Alr
LYxmeU (LYxmeU mMU M AkU mU)

227

(` qsrl q)

rj 31.03.2013 M
me M AuzrMi
0.00
0.00
7.80
7.80
zlr

zlr

(ii) Trading Book:


(` in Millions)
Sl
PARTICULARS
No
(k) Aggregate amount of exposures Securitized by the Bank for which the Bank has
retained some exposures and which is subject to the Market Risk approach, by
exposure type.
(l)

31.03.2014

31.03.2013

11,075.50

57.60

11,075.50

57.60

NIL

NIL

11,075.50

57.60

Aggregate amount of:


On-balance sheet Securitisation Exposures retained or purchased broken
down by exposure type; and
Off-balance sheet Securitisation Exposures broken down by exposure type

(m) Aggregate amount of Securitisation Exposures retained or purchased


separately for:
Securitisation Exposures retained or purchased subject to Comprehensive
Risk Measure for Specific Risk; and

Securitization Exposures subject to the securitisation framework for Specific Risk broken down into different
risk weight bands.
(` in Millions)
Sl No.
1
2
3
4
(n)

Risk Weight Bands


<100% Risk Weight
100% Risk Weight
>100% Risk Weight
Total

Exposure as on
Exposure as
31.03.2014
on 31.03.2013
0.00
0.00
0.00
0.00
11,075.50
57.60
11,075.50
57.60

Aggregate amount of:


The capital requirements for the Securitisation Exposures, subject to the securitisation framework broken
down into different risk weight bands.
(` in Millions)
Sl No.
1
2
3
4

Capital
Capital Requirement
Requirement as
as on 31.03.2014
on 31.03.2013
0.00
0.00
0.00
0.00
1,495.10
7.80
1,495.10
7.80

Risk Weight Bands


<100% Risk Weight
100% Risk Weight
>100% Risk Weight
Total

Securitisation Exposures that are deducted entirely from Tier 1 capital, credit
enhancing I/Os deducted from total capital, and other exposures deducted
from total capital (by exposure type).

228

Nil

Nil

mMOl mm isM 8:: urmUM oW


Zi q oeU eZq - qlMMi Azki
AukM SMh:

TABLE DF 8: MARKET RISK IN TRADING


BOOK STANDARDIZED MODIFIED
DURATION APPROACH:

ahiqM mMOMUh:

Qualitative Disclosures:

Uhlir Lu mrL: oeU eZq mokl M urmM Ezr


oM M mira qiA M oRi WL ij xp mMU M oeU
eZq bOlA q Mq MUi WL oM M zrUkUM M qsr q
xu Se MUl W |

Strategies and processes: The overall objective of


market risk management is to create shareholder value
by improving the Banks competitive advantage and
reducing loss from all types of market risk loss events.

eW LM AU urmM liiu Lu eZq mokl i M lrh


eZq mokl upa U mSl Mr ei W, uW WqU
MUoU CMCr M zr mSl M aD W exx u eZq
EPl AU eZq M mokl MUl M sL Uhlir ir MU
xM |

While overall leadership and control of the


management framework is provided by
Management Wing, the business units
empowered to set strategy for taking risks
manage the risks.

xqxi q Aju mWs x irzS apU Mxq M qqs


M (ijriqM, AukMi, mMi) eZq mokl Alpa M
pe Sr ei W, uW Cl qqs M xqci m x lmOl
M sL xoki mkMUr U iixok MUuD ir M ei
W | MUoU CMCr M eqqSU Wi W M u Cl lhr
M Almsl xli MU |

All issues or limit violations of a pre-determined


severity (materiality, frequency, nature) are escalated
to the Risk Management Wing where the actions
to address them are determined by the appropriate
authorities. The business units are responsible for
implementing the decision taken.

risk
Risk
are
and

Cx mr M Ezr W M:
oeU eZq aiukr x lmOl M sL LM mLYOu
oeU eZq mokl M MUmUO xxMi xjmi MUl |
oeU eZq x xo xp xoki ukr mukl Lu
ulrqM AmA M Almsl xli MUl |
oeU eZq M mWcll, qml, ExM mokl MUl,
ExM SZUZ MUl, lrh ij xq MUl xok lir
Lu Mrukr q ahu M lUiU m x lrqi uMx
MUl |
up mMU M oeU eZq MUM M sL Gh xq M
Rc AU xoki xciM xjmi MUl |
qeoi UmOa Rc xjmi MUi WL mpu xu i
irU MUl |
oeU eZq Emr M xui AU lrqi qsrMl M
mr Amll |

The process aims to:

xoki eZq mokl Mr M Rc Lu xaPl : oM M oeU


eZq mokl i M Rc Cx mMU W :-

The structure and organization of the relevant risk


management function: Market Risk Management
structure of the Bank is as under

Establish a pro-active market risk management


culture to cover market risk activities.

Comply with all relevant legislation and regulatory


requirements relating to Market Risk

Develop consistent qualities in evolving policies &


procedures relating to identification, measurement,
management, monitoring, controlling and reviewing
of Market Risk.

Establish limit structure and triggers for various


kinds of market risk factors

Establish efficient monitoring mechanism by setting


up a strong reporting system.

Adopt independent and regular evaluation of the


market risk measures.

lSzM qQs

Board of Directors

oQ M eZq mokl xqi

Risk Management Committee of the Board

Axi Sri mokl xqi (L Ls x A)

Asset Liability Management Committee (ALCO)

oeU eZq mokl xqi (Lq AU Lq x)

Market Risk Management Committee (MRMC)

qW mokM - eZq mokl upa (qZr eZq mokl


AkMU)- mkl Mrsr

General Manager RM Wing (Chief Risk Officer)Head Office

229

oeU eZq mokl mpa, eZq mokl upa, m.M.


o

LMMi Aiqkr Mrsr

Aiqkr Mrsr - LMMi UeMw

Axi Sri mokl Alpa

eZq Um
UmOa ij / Aju ClM qml mi M xpulL
Lu mMi :

oM l oeU eZq mokl M sL up Gh xqA M


lkUh Mr W, ex LM Suxr xq, AiUSuxr xq,
xqa AiU xq, xOm sx xq, eZq qsr xq, oMU
OlAuU xq, me oeU Gh xq, EimSuU Gh xq,
eUMiuU Gh xq CirS |

Market Risk Management


Management Wing, HO

Department,

Integrated Mid Office

Mid Office Integrated Treasury

Asset Liability Management Section

Risk

The scope and nature of risk reporting and/or


measurement systems:

oM M up xiU mU eZq xqA M xu MUl M


sL eZq UmOa mi xxjmi M aD W |

The Bank has put in place various exposure limits


for market risk management such as Overnight
limit, Intraday limit, Aggregate Gap limit, Stop Loss
limit, VaR limit, Broker Turnover limit, Capital Market
Exposure limit, Product-wise Exposure limit, Issuerwise Exposure limit, etc.

eZq mokl Aju sZMl Ezr M sL oeU M sL


AMi Mr el us SU M xui m x xirmi Mr
ei W |

A risk reporting system is in place for monitoring the


risk limits across different levels of the Bank from
trading desk to the Board level.

oM M Uhlir M AlxU MrlwmSl ij eZq M


ec MUl, MUoU aiukr M mokl MUl M sL Cl
UmO M Emra Mr ei W |

The rates used for marking to market for risk


management or accounting purposes are
independently verified.

rW UmOa mi xqr xq, xucsl M xqr xqci


uzi, xupM q eZq M xpulA M EeaU
MUl xli MUi W AU Cxq iixok sZi uuUh p
Wi W |

The reports are used to monitor performance and


risk, manage business activities in accordance with
the Banks strategy.

The reporting system ensures timelines, reasonable


accuracy with automation, highlight portfolio risk
concentrations, and include written commentary.

The detailed risk reports enhance the decisionmaking process.

Dealing room activities are centralized, and system is


in place to monitor the various risk limits.

The reporting formats & the frequency are


periodically reviewed to ensure that they suffice
for risk monitoring, measuring and mitigation
requirements of the Bank.

uxii eZq UmO lhr sl M mr q ie si W |

Qsa q M aiukr MlSMi M aD W ij up


eZq xqA M laUl M sL uruxj xjmi M
aD W |

UmOa mm Lu CxM AukMi M xqrM xq


M ei W exx rW xli W xM M r Emr eZq
xu, ExM qml Lu eZq M WsM MUl M sL
mrmi W |

ocu uru
uruxj
xj (Wea) ij / Aju iixok eZq Mq MUl
M lir AU ocu uruxjmM / mzqM M mpu olL
UZl xok xu M Uhli Lu mrL: oQ U AlqSi
up lir M, ex oeU eZq mokl li (Szr eZq
mokl li, MFOU mO oM eZq mokl li xWi), luz
li, uSz qS sl-Sl u urmU mUcsl li, iUsi eZq
mokl li ij Axi Sri mokl li, oeU eZq mokl
M sL xjmi Mr ar W | oeU eZq mokl li, eZq
lkUh, ClM mWcl ij Emr u UMjq, eZq Gh xqL
Lu MUM, eZq xu Lu UmOa M sL LM AkUpi
Rc irU MUi W|

Policies for hedging and/or mitigating risk and strategies


and processes for monitoring the continuing effectiveness
of hedges/mitigants: Various Board approved policies viz.,
Market Risk Management Policy (Including Country Risk
Management and Counterparty Bank Risk Management),
Investment Policy, Forex dealing and trading operations
Policy and ALM Policy are put in place for market risk
management. Market Risk Management Policy provides
the framework for risk assessment, identification and
measurement and mitigation, risk limits & triggers, risk
monitoring and reporting.

230

oM l up qmShQ ex xMs bUs EimS u, qSxTi,


urmU xisl CirS M AkU mU Szr eZq UOa M sL
LM AiUM qQs uMxi Mr W exx up Sz M Gh
xq M AoOl MUi xqr ElM eZq h M krl UZ
e xMi W |

The Bank has developed an internal model for country


risk rating based on various parameters like GDP growth,
inflation, trade balance etc for risk categorization of the
countries to allocate limit for taking exposure to various
countries.

oM l uSz oM M h ir MUl M sL LM AM isM


qQs uMxi Mr W | MFOUmOr U AMisM qQs q
mmi ML aL AM M AkU mU Wxs ML aL AM M qleU
up Gh xq ir M ei W |

The Bank has in place a scoring model for categorization


of foreign banks. The various exposure limits are set
based on the points secured by the counterparties as per
the scoring matrix.

Axi Sri mokl li, ore SU eZq ij iUsi eZq M


mokl M Mr MUi W | rW li q up SzlSz SL aL W
e xli MUi W M AMxqM lk rel oli WL xqh
Ms q iUsi M xji M xqlr W UZ e xM | mirM
xqr xq M iWi o M xiU M p zqs Mr ar W ij
CxM OOi W rW Al us iUsi-xMO M xSz Sl sai W |

The ALM Policy deals with management of Interest Rate


Risk and Liquidity Risk. The Policy lays down various
guidelines to ensure that the liquidity position is
comfortable at times of stress by formulating contingency
funding plan. Tolerance levels are incorporated under
each timeframe and any breach of it would signal a
forthcoming liquidity constraint.

mUqhiqM mMOMUh:

Quantitative Disclosures:

qM

uuUh

(M)

ore SU eZq

(Z)

CYuO xji xok


eZq

(a)

uSz ulqr eZq

(` qsrl q)
me AuzrMi M Uz

Sl.
No.

31.03.2014 31.03.2013
13,090.56

Particulars

14,625.80
(a) Interest Rate Risk

5,156.27

4,361.50

592.47

386.10

(b) Equity Position Risk


(c) Foreign Exchange Risk

(` in Millions)
Amount of capital
requirement
31.03.2014 31.03.2013
13,090.56

14,625.80

5,156.27

4,361.50

592.47

386.10

mMOl mm isM 9:: mUcsliqM


eZq:

TABLE DF 9: OPERATIONAL RISK:

ahiqM mMOMUh:

Strategies and processes: The Operational Risk


Management process of the Bank is driven by a strong
organizational culture and sound operating procedures,
involving corporate values, attitudes, competencies,
internal control culture, effective internal reporting
and contingency planning. Policies are put in place for
effective management of Operational Risk in the Bank.

(i) Qualitative Disclosures:

Uhlir AU mrL
rL: oM M mUcsliqM eZq mokl
mr M mN LM qeoi xaPliqM xxMi AU xSR
mUcsliqM Mrukr W elq MmUO qsr, SMh,
xqir, AiUM lrh mhs, mpu AiUM UmOa AU
AMxqMi Arel zqs W| oM q mUcsliqM eZq M
mpu mokl M sr lir lkUi W|

The structure and organization of the relevant


risk management function: The Operational Risk
Management Structure in the Bank is as under:

Emr eZq mokl Mr mhs M xUcl AU xaPliqM


Rc: oM q mUcsliqM eZq mokl xUcl lqlui W|

lSzM qQs

Board of Directors

lSzM qQs M eZq mokl xqi (AU Lq x o)

Risk Management Committee of the Board (RMCB)

231

mUcsliqM eZq mokl xqi (AAULqx)

Operational Risk Management Committee (ORMC)

mqZ / qW mokM - eZq mokl / qZr eZq mokl


AkMU

Head/ General Manager Risk Management/ Chief


Risk Officer

mUcsliqM eZq mokl mpa (AAULqQ), mkl


Mrsr

Operational Risk Management Department (ORMD),


HO

upa M qZr qW mokM / qW mokM / Acs mqZ

Chief General Managers/ General Managers of


Wings/ Circle Heads

Acs Mrsr M lqi MrmsM

Nominated Executives at Circles

Acs q eZq mokl Alpa

Risk Management Sections at Circles.

eZq mokl AkMU (Acs / mkl Mrsr M upa


M lQs AkMU )

Risk Officer (Circle Offices / Nodal Officers in


functional Wings at Head Office).

The scope and nature of risk reporting and/or


measurement systems: The Risk reporting consists
of operational risk loss incidents/events occurred in
branches/offices relating to people, process, technology
and external events. The data collected from different
sources are used for preparation of Risk Matrix consisting
of seven loss event types and eight business lines
recognized by the RBI.

eZq UmOa AU / r qml mir M SrU AU


mMi: eZq UmOa q zZA / Mrsr q ur, mr,
maM x xoki mUcsliqM eZq Wl xpulr /
bOlr AU oWU bOlr zqs W| up xi x LMi
AMQ M Emra, pUir Ueu oM U qlri mmi 7 Wl
bOl mMU AU 8 MUoU mMU us eZq qOYx M irU
MUl M sr Mr ei W|
ocu uruxj AU / r eZq

Policies for hedging and/or mitigating risk and


strategies and processes for monitoring the continuing
effectiveness of hedges/ mitigants:
Bank has put in place policies for management of
Operational Risk. The policy framework contains various
aspects of Operational Risk management such as
identification, management, monitoring & mitigation of
Operational Risk areas.

M Mq
Mq MUl M lir

AU ocu uruxj / mzqM M lUiU m x mpu Wl mU


laUl M Uhlir AU mrL: oM l mUcsliqM eZq
mokl x xoki lqlMi lir lkUi M W| li Rc q
mUcsliqM eZq mokl M up mWsL ex mUcsliqM
eZq mWcl, mokl M laUl u mzql AS zqs W |
AEOxxa rMsm q zqs eZq M sL oM q

In order to address risks involved in outsourcing of


activities, Bank has put in place policies for management
of Outsourcing Risk.

AEOxxa eZq mokl li lkUi M ar W |


LM xWqi xiU mU qWiumh MUoU mrA M lUiUi, oWs

Business Continuity Plan Policy is in place to ensure


continuity, resumption and recovery of critical business
processes, at an agreed level and limit the impact of the
disaster on people, process and infrastructure (including
IT). This will minimize the operational, financial, legal,
reputational and other material consequences arising
from a Business impact/ disaster.

ij uxs xli MUl M sL ij sa, mr ij olrS


xUcl (xcl maM xWi) mU mpu M xqi UZl M
sL MUoU lUiUi rel li mri M aD W | rW MUoU
mpu / AmS x Eim Wlus mUcsliqM, ur, ukM,
mi ij Alr mUhq M Mq MUi W |
mUcsliqM eZq me qsrMl: mUcsliqM eZq M

Operational Risk Capital Assessment: The Bank has


adopted Basic Indicator Approach for calculating capital
charge for Operational Risk.

sL me mpU M mUMsl Wi oM l qs xMiq SMh


Amlr W|

232

mUqhiqM mMOMUh:

Quantitative Disclosure:

qs xMiM SMh M iWi mUcsliqM eZq M sL


AuzrM me `15,394.60 qsrl W |

The capital requirement for Operational Risk under Basic


Indicator Approach is `15,394.60 Millions.

mMOl mm isM 10: oMa oW q ore


SU eZq (AD AU AU o o):

TABLE DF 10: INTEREST RATE RISK IN


THE BANKING BOOK (IRRBB):
Qualitative Disclosures:

ahiqM mMOMUh:

Interest Rate Risk in Banking Book (IRRBB)


Interest Rate Risk is the risk where changes in market
interest rates affect a banks financial position. As the
bank holds rate sensitive on and off balance-sheets items
of different maturity/repricing, currencies, markets and
benchmark rates, and any adverse movement in these
parameters exposes bank to interest rate risk. Interest
Rate Risk in Banking Book (IRRBB) reveals the impact
on banks earnings (short-term impact) and net-worth
(long-term impact) due to adverse movement of interest
rates and is measured on a monthly basis.

oMa oW q ore SU eZq (ADAUAUoo)


ore SU eZq uW eZq W e oM M ur xji M oeU
ore SU q mUuil x mpui MUi W | up mUmYui /
mlqsrl, qS, oeU u ocqM SU ex isl m M AiUM u
o qS q oM U SU M kUh Wl M MUh up qlSQ
q Alus umUi mUuil ore SU eZq iM mWci W |
ore SU M umUi EiU-cRu M MUh oMa oW q ore
SU eZq oM M Ael (Asmuk mpu) ij lus qsr
(Sbuk mpu) M mpu M AluUh MUi W exM AMsl
qxM AkU mU Mr ei W |

Organizational Framework
Asset Liability Management Committee (ALCO) of the
Bank is responsible for developing and implementing
interest rate risk management strategy, managing
interest rate risk in different currencies, across borders
and across business lines and legal entities as per the
risk tolerance established by the Board of Directors/
Risk Management Committee. The ALCO also articulates
interest rate view of the bank and bases its decisions
for future business strategy. In respect of the funding
policy, its responsibility is to decide on source and mix
of liabilities for creation of assets. ALCO monitors the
various limits established by the Board for interest rate
risk and takes corrective action if there is any breach in
the limit.

xaPliqM Rc
lSzM qQs / eZq mokl xqi U lkUi eZq
xWwhi M AlxU ore SU eZq mokl Uhli M uMx
u Mrlurl, xqA, up urmU ij Mll CMCr M mi
up qSA q ore SU eZq M mokl MUl oM M Axi
Sri mokl xqi (LLsxA) M Miur W | LLsxA oM M
ore SU SMh M xxm MUi W ij pu urmU Uhlir
M lhr M sL lu Qsi W | lkrl li M AlxU Axir
M xel M sL xi mU ucU MUM SlSUr M qh MUl
CxM Sriu W | LLsxA lSzM qQs U ore SU eZq
M sL lkUi up xqA M laUl MUi W ij xqA
q Mx mMU M Essbl M xSp q xkUiqM MSq EPi W |

Strategies and Processes


The Bank strives to match the price of its assets and
liabilities coupled with proper maturity matching inorder to reduce the gap in different time buckets which
are maturing or getting repriced. For measurement and
management of interest rate risk, Bank adopts both the
Traditional Gap Analysis (TGA) and the Duration Gap
Analysis (DGA) to its global position of assets, liabilities
and off-balance sheet items, which are rate sensitive.

Uhlir AU mrr
oM Aml xmr ij SlSUr M qsr M Eci mUmYui
M xj qsl MUl M mrx MUi W iM mUmYu W UW
r mlqsrMi up xqr h M AiU M Mq Mr e
xM | ore SU eZq M qml ij mokl M sL oM Aml
uM Axir, SriA ij isl m CiU qS mU, e SU
xuSlzs W, Sl mUmUai AiU uzswh(OeL) AU Auk
AiU uzswh(QeL) M Aml UW W |

233

oM Aml ore SU eZq xji M mUMsl, OeL ij


QeL sa MUM mirM qS x Ex qS q SU xuSlzs Axir / SriA / o isl m qS, eW Axir r SriL oM
M uM Axi u uM Sri x 5 mizi r Ex x erS
W, x MUi W | xp Alr Auz qSA M ore SU eZq
xji M mUMsl xqa AkU mU Asa x Mr ei W | aUmUmYu eqA M uaMUh oM M uruWU Akrrl M AlxU
Mr ei W |

The Bank computes its interest rate risk position in


each currency applying the TGA and DGA to the rate
sensitive assets/ liabilities/ off balance sheet items in
that currency, where either the assets, or liabilities are 5
percent or more of the total of either the Banks global
assets or global liabilities. The interest rate risk position
in all other residual currencies is computed separately
on an aggregate basis. The non-maturing deposits are
classified as per the behavioral study of the Bank.

ore SU eZq, mlqsrl, Eme mUuil u, AkU eZq ij


uMsm eZq x, Eim Wi W | Ar mUmr u AjM qsr
mUmr q mUmYui u mlqsrl oqs x Eim Wlus eZq
M lql i M U Moe MUl oM M Ezr W |

The interest rate risk arises on account of re-pricing, yield


curve change, basis risk and options risk. The Bank aims
at capturing these risks arising from the maturity and repricing mismatches both from earnings perspective and
economic value perspective using techniques viz.,

1..

1. Gap Analysis: The basic tool for measuring interest


rate risk is preparation of Interest Rate Sensitivity
Statement (IRS) by grouping various items of Rate
Sensitive Assets (RSA) and Rate Sensitive Liabilities
(RSL) and off balance-sheet items into different time
buckets according to the residual maturity or next
re-pricing, whichever is earlier and arriving at the
net gap (i.e., RSA - RSL). A positive or Asset Sensitive
Gap means that an increase in market interest rates
result in an increase in NII. Conversely, a negative
or liability sensitive Gap implies that the Banks
NII could decline as a result of increase in market
interest rates.

AiU uzswh: ore SU eZq M qml M olrS EmMUh


W SU xuSlzs Axir ij SU xuSlzs SriA AU
isl m M o qS M up qS M Auz mUmYui
r Aa-mlqsrMl, e p mWs W, ij lus AiU (Aji
AULxL-AULxLs) mU mWcl M oS up xqr h
q xqWl MUM ore SU xuSlzsi uuUh irU MUi
W | LM xMUiqM r Axi xuSlzs AiU x iimr
oeU ore SU q u M mUhqxum lus ore Ar
(LlADAD) q Wlus u x W | umUii: LM lMUiqM
r Sri xuSlzs AiU, oeU ore SU q u x oM M
LlADAD q Wlus aUuO M xci MUi W |

2. Earnings at Risk (EaR): Earnings at Risk (EaR) indicates


whether the bank is in a position to benefit by the
rise in interest rate by having positive gap or benefits
by fall in interest rate by having a negative gap. The
impact of repricing risk on the earnings due to the
parallel shift in interest rate is assessed for different
rate shocks. Impact on the earnings is also estimated
for yield curve change and basis risk.

2. eZq q Ael: eZq q Ael, LM xMUiqM AiU M


U ore SU q u x oM sp mmi MUl M xji q W
r lMUiqM AiU M U ore SU q aUuO x oM sp
mmi MUl M xji q W r lW M, xMiM W | ore SU
q xqliU oSsu M MUh Ael mU eZq M mlqsrl
M mpu p SU Abi M sL lkUi M W | Ael mU
mpu M Ar u AU AkU eZq M sL p Alqli
Mr ei W |

3. Market Value of Equity (MVE): A long-term impact


of changing interest rates is on banks Market Value
of Equity (MVE) or Net-worth as the economic value
of banks assets, liabilities and off-balance sheet
positions get affected due to variation in market
interest rates. The estimated drop in the Market
Value of Equity (MVE) as a result of prescribed rate
shock arising from changes in the value of interest
rate sensitive positions across the whole Bank is
estimated by the Duration Gap Analysis (DGA).

3. DYuO M oeU qsr (LquD): ore SU q mUuil oM M


DYuO M oeU qsr r lus qsr M so Auk M sL
mpui MUl x oeU ore SU q mUuil M MUh oM
M Axir M qsr, SriL ij isl m M o xjir
mpui Wi W | lkUi SU Abi M mUhqxum DYuO
M oeU qsr q Alqli mil mU oM M ore SU xji
M qsr q mUuil x Eim Wlus Auk AiU uzswh
(QeL) U Alqli Mr ar W |

234

mUqhiqM mMOMUh:

Quantitative Disclosures:

Gh eZq mU Ar-Ael
lql xUh rj 31.03.2014 M oM M lus ore Ar mU
ore SU q 100 AkU oSA M xqliU oSsu x, up
qSA q LM xs iM WL mpu M mxii MUi W |

EARNINGS AT RISK
The following table presents the impact on net interest
income of the Bank for an assumed parallel shift of 100
bps in interest rate up to one year across currencies as at
31.03.2014.

(` qsrl q)
1 uw iM ore SU q mUuil
+100 AkU oSL
-100 AkU oSL
(3104.9)
3104.9
(388.9)
388.9
103.7
(103.7)
3597.5
(3597.5)

(` in Millions)
Change in interest rate up to 1 Year
-100 bps
+100 bps
(3104.9)
3104.9
(388.9)
388.9
103.7
(103.7)
(3597.5)
3597.5

qSL
AD Ll AU
r Lx QsU
Alr
Ms

Currencies
INR
USD
Others
Total

DYuO M AjM qsr

ECONOMIC VALUE OF EQUITY

lql xUh rj 31.03.2014 M 200 AkU oSA M AlqlM


SU M Abi M xok q DYuO M AjM qsr mU mpu M
mxii MUi W |

The table reveals the impact on Economic Value of Equity


for an assumed rate shock of 200 bps on the Banking
Book as at 31.03.2014.

DYuO M AjM qsr -200 AkU oSL +200 AkU oSL


q mUuil
7.16%
(7.16%)

Change in Economic Value


of Equity

235

-200 bps

+200 bps

7.16%

(7.16%)

rj 31.03.2014 M xip 3 - oxs III mMOl


mMOl mm isM 1: Almra M Mr
oM M lq exM sL rW Rc sa W: MlU oM
(i) ahiqM mMOl
M. xqMl M sL xqW lMr M xc
lMr M lq/
(laqi Sz)

Yr lMr
M xqMl
M sZMl
Mr M iWi
zqs Mr
ar W
(W/lW)

xqMl M mr
M uuUh

Yr lMr
xqMl M mr
M xqMl M
M uuUh
ulrqM Mr
M iWi zqs
Mr ar W

xqMl M
mr q AiU
M MUh M
uuUh

rS xqMl
Mx M
iWi Mr
ar W i
ExM
uuUh S

MloM
Tllzrs
xuxx s.
(pUi)

xqMi ur
uuUh mU
sZMl qlM 21 M
AlxU

xqMi ur
uuUh mU
sZMl
qlM - 21 M
AlxU

sa lW

sa lW

MloM ucU
MmOs TQ
s. (pUi)

xqMi ur
uuUh mU
sZMl qlM 21 M
AlxU

xqMi ur
uuUh mU
sZMl
qlM - 21 M

sa lW

sa lW

MloM TYOx
sqOQ
(pUi)

xqMi ur
uuUh mU
sZMl qlM 21 M AlxU

xqMi ur
uuUh mU
sZMl
qlM - 21 M
AlxU

sa lW

sa lW

MlU Uo
Axi mokl
Mml s.
(pUi)

xqMi ur
uuUh mU
sZMl qlM 21 M AlxU

xqMi ur
uuUh mU
sZMl qlM
- 21 M AlxU

sa lW

sa lW

MlU oM
MmrOU
xuxx s.
(pUi)

xqMi ur
uuUh mU
sZMl qlM 21 M AlxU

lW

sa lW

sa lW

236

aU-ur
Alwa| xqW
M xqMi
ulrqM
me x
lMs aD

BASEL III PILLAR 3 DISCLOSURES AS ON 31.03.2014


TABLE DF 1: SCOPE OF APPLICATION
Name of the head of the banking group to which the framework applies: Canara Bank
(i) Qualitative Disclosures:
a. List of group entities considered for consolidation
Name of
the entity /
(Country of
Incorporation)

Whether
the entity
is included
under
accounting
scope of
consolidation
(Yes/No)

Explain the
method of
consolidation

Whether
the entity is
included under
regulatory scope
of consolidation
(Yes/No)

Explain the
method of
consolidation

Explain the
reasons for
difference in
method of
consolidation

Explain the
reasons if
consolidated
under only
one of the
scopes of
consolidation

Canbank
Financial
Services Ltd.
(India)

Yes

As per Accounting
Standard 21
on Consolidated
Financial
Statements

Yes

As per
Accounting
Standard 21
on Consolidated
Financial
Statements

N.A

N.A

Canbank
Venture
Capital Fund
Ltd. (India)

Yes

As per Accounting
Standard 21
on Consolidated
Financial
Statements

Yes

As per
Accounting
Standard 21
on Consolidated
Financial
Statements

N.A

N.A

Canbank
Factors Ltd.
(India)

Yes

As per Accounting
Standard 21
on Consolidated
Financial
Statements

Yes

As per
Accounting
Standard 21
on Consolidated
Financial
Statements

N.A

N.A

Canara
Robeco Asset
Management
Company Ltd.
(India)

Yes

As per Accounting
Standard 21
on Consolidated
Financial
Statements

Yes

As per
Accounting
Standard 21
on Consolidated
Financial
Statements

N.A

N.A

Canbank
Computer
Services Ltd.
(India)

Yes

As per Accounting
Standard 21
on Consolidated
Financial
Statements

No

N.A

N.A

Non Financial
Subsidiary.
Deducted
from
Consolidated
Regulatory
Capital of the
group.

237

lMr M lq/
(laqi M
Sz)

Yr lMr
M xqMl
M sZMl

xqMl M mr
M uuUh

Mr M iWi
zqs Mr

Yr lMr
xqMl M mr
M xqMl M
M uuUh
ulrqM Mr
M iWi zqs
Mr ar W

xqMl M
mr q AiU
M MUh M

rS xqMl
Mx M
iWi Mr

uuUh

ar W i
ExM

ar W
(W/lW)

uuUh S

MlU oM
xYrUOe s.
(pUi)

xqMi ur
uuUh mU
sZMl
qlM - 21 M
AlxU

xqMi ur
uuUh mU
sZMl qlM
- 21 M AlxU

sa lW

sa lW

MlU Lc Lx
o x A o
x eul oq
Mml s.
(pUi)

xqMi ur
uuUh mU
sZMl qlM 21 M AlxU

lW

sa lW

sa lW

oq Alwa|
xqW M
xqMi
ulrqM me
x lMs aD

Mqzrs CQ
oM LsLsx,
qxM (x)

xr Eq q Wi
M ur UmOa
mU sZMl qlM
- 27 M AlxU

lW

xr Eq q
Wi M ur
UmOa mU
sZMl qlM
- 27 M AlxU

sa lW

sa lW

MlTl Wqx
s. (pUi)

xqMi ur
uuUh q xo
q luz M sL
sZMl mU
sZMl qlM 23 M AlxU

lW

sa lW

sa lW

MlTl Wqx
s. q oM M
luz me
mrmii Ezr
M sL eZq
pUi W

mai aqh
oM (pUi)

xqMi ur
uuUh q
xo q
luz M sL
sZMl mU
sZMl
qlM - 23 M
AlxU

lW

sa lW

sa lW

mai Mwh
aqh oM q
oM M luz
me mrmii
Ezr M sL
eZq
pUi W

238

Name of
the entity /
(Country of
Incorporation)

Whether
the entity
is included
under
accounting
scope of
consolidation
(Yes/No)

Explain the
method of
consolidation

Whether
the entity is
included under
regulatory scope
of consolidation
(Yes/No)

Explain the
method of
consolidation

Explain the
reasons for
difference in
method of
consolidation

Explain the
reasons if
consolidated
under only
one of the
scopes of
consolidation

Canara Bank
Securities Ltd.
(India)

Yes

As per Accounting
Standard 21
on Consolidated
Financial
Statements

Yes

As per
Accounting
Standard 21
on Consolidated
Financial
Statements

N.A

N.A

Canara HSBC
Oriental Bank
of Commerce
Life Insurance
Company Ltd.
(India)

Yes

As per Accounting
Standard 21
on Consolidated
Financial
Statements

No

N.A

N.A

Insurance
Subsidiary.
Deducted
from
Consolidated
Regulatory
Capital of the
group.

Commercial
Indo Bank
LLC., Moscow
(Russia)

Yes

As per Accounting
Standard -27
on Financial
Reporting of
Interest in Joint
Venture

No

As per
Accounting
Standard -27
on Financial
Reporting of
Interest in Joint
Venture

N.A

N.A

Canfin Homes
Ltd. (India)

Yes

As per Accounting
Standard -23
on Accounting
for Investment
in Associates in
Consolidated
Financial
Statements

No

N.A

N.A

Banks
investment in
Canfin Homes
Ltd, has been
Risk weighted
for capital
adequacy
purposes

Pragathi
Krishna
Gramin Bank
(India )

Yes

As per Accounting
Standard -23
on Accounting
for Investment
in Associates in
Consolidated
Financial
Statements

No

N.A

N.A

Banks
investment
in Pragathi
Krishna
Gramin Bank,
has been Risk
weighted
for capital
adequacy
purposes

239

lMr M lq/
(laqi M
Sz)

Yr lMr
M xqMl
M sZMl

xqMl M mr
M uuUh

Yr lMr
xqMl M mr
M xqMl M
M uuUh
ulrqM Mr

Mr M iWi
zqs Mr

M iWi zqs
Mr ar W

xqMl M
mr q AiU
M MUh M

rS xqMl
Mx M
iWi Mr

uuUh

ar W i
ExM

ar W
(W/lW)
MUs aqh

oM (pUi)

uuUh S
xqMi ur

lW

sa lW

sa lW

MUs aqh

uuUh q xo

oM q oM

q luz M sL

M luz me

sZMl mU

mrmii

sZMl qlM -

Ezr M

23 M AlxU

sL eZq
pUi W

Name of
the entity /
(Country of
Incorporation)

Whether
the entity
is included
under
accounting
scope of
consolidation
(Yes/No)

Explain the
method of
consolidation

Whether
the entity is
included under
regulatory scope
of consolidation
(Yes/No)

Explain the
method of
consolidation

Explain the
reasons for
difference in
method of
consolidation

Explain the
reasons if
consolidated
under only
one of the
scopes of
consolidation

Kerala Gramin
Bank (India)

Yes

As per Accounting
Standard -23
on Accounting
for Investment
in Associates in
Consolidated
Financial
Statements

No

N.A

N.A

Banks
investment in
Kerala Gramin
Bank, has been
Risk weighted
for capital
adequacy
purposes

Z. El xqW lMr M
M xc elW xqMl M sL sZMl AU

b. List of group entities not considered for consolidation


both under the accounting and regulatory scope of
consolidation

xqMl M ulrqM Mr Sl q lW UZ W |

There are no entities in the group which are not


considered for consolidation under both accounting
scope of consolidation and regulatory scope of
consolidation.

Lx MD xqW lMr lW W elW xqMl M sL sZMl


AU xqMl M ulrqM Mr Sl q lW UZ W |

240

(ii) mUqhiqM mMOl


a. xqMl M sL xqW lMr M xc
lMr M lq/ laqi
Sz (ex FmU (M) q
Szr ar W)

lMr M qZr
aiuk

31 qc 2014 iM Ms
isl m CYuO
(` qsrl q)

31 qc 2014 iM Ms
isl m Axir
(` qsrl q)

MloM ucU MmOs TQ s.


(CQr)

MloM ucU MmOs TQ M


lrx AU mokM

2.50

305.43

MloM TYOx sqOQ (pUi)

TYOUa M MUoU q sa W

200.00

7,245.18

MlU Uo Axi mokl Mml


s. (pUi)

MloM qrcAs TQ M
mokM

498.54

1,076.02

MlU oM xYrUOe s.
(pUi)

xxjai AU ZSU aWM M


xOM oMa xuL Emsok
MUl M MUoU

400.00

1,195.73

MloM Tllzrs xuxx s.


(pUi)

CxM qsri Ziq W ar


W AU uiql q rW aUoMa ur Mml M Mx
aiukr q lW sa W

300.00

486.86

Mqzrs CQ oM LsLsx,
qxM (x)

2,196.90
(36.67 Mn USD)

oMa

6,103.00
(101.86 Mn USD)

(ii) Quantitative Disclosures:


c.

List of group entities considered for consolidation

Name of the entity / Country


Principle activity of the
of Incorporation (as indicated
entity
in (a) above)
Canbank Venture Capital Fund Trustee and Manager of
Ltd. (India)
Canbank Venture Capital
Fund
Canbank Factors Ltd. (India)
Engaged in the business of
Factoring
Canara Robeco Asset
Manager of Canbank
Management Company Ltd.
Mutual Fund
(India)
Canara Bank Securities Ltd.
Business of Providing
(India)
Stock Broking services to
Institutional and retail
clients
Canbank Financial Services Ltd. Its net-worth is totally
(India)
eroded and currently it is
not engaged in any of the
activities of a non-banking
financial company
Commercial Indo Bank LLC.,
Banking
Moscow (Russia)

241

Total balance sheet equity Total balance sheet assets


as on 31st March 2014
as on 31st March 2014
Amount (` in Millions)
Amount (` in Millions)
2.50

305.43

200.00

7,245.18

498.54

1,076.02

400.00

1,195.73

300.00

486.86

2,196.90
(36.67 Mn USD)

6,103.00
(101.86 Mn USD)

b. xqMl M ulrq
ulrqM
M Mr q zqs lW M aD Alwar

d. The aggregate amount of capital deficiencies in all


subsidiaries which are not included in the regulatory
scope of consolidation i.e. that are deducted:

q me M Mq M Ms Uz rl elW MO ar W
rj qc 31, 2014 iM oM M Alwar q MD me Mq

There is no capital deficiency in the subsidiaries of


the Bank which are not included in the regulatory
scope of consolidation as on March 31, 2014.

lW W ex xqMl M ulrqM Mr q zqs lW


Mr W

Q.) oq lMr q oM M Ms Wi M Ms Uz (ESWUh: cs oW qsr), e eZq pUi W


oq lMr/
laqi Sz M lq

lMr M qZr
aiuk

Ms isl m CYuO
Uz (uk lMr M
sZMl isl m
q SL AlxU)
(` qsrl q)

lMr M
eZq pUi
lq/ ((laqi
laqi mi olq mh MOi
Sz)
mi M Cxiqs
MUl x ulrq me
mU mQl us
mUqh
mUq
hiqM
iqM mpu

MlU Lc Lx o x
A o x
eul oq Mml s.

oq MUoU

9,500

51%

xAULAU mU 11 omLx
xMUiqM mpu

(CQr)

e. The aggregate amounts (e.g. current book value) of the Banks total interests in insurance entities, which are
risk-weighted:
Name of the insurance
entities/ Country of
Incorporation

Canara HSBC Oriental Bank


of Commerce Life Insurance
Company Ltd. (India)

Principle activity
of the entity

Total balance sheet


equity (as stated in the
accounting balance sheet
of the legal entity)
Amount
(` in Millions)

% of banks
holding in
the total
equity /
proportion
of voting
power

9,500

51%

Insurance
Business

242

Quantitative impact
on regulatory capital
of using risk weighting
method versus using
the full deduction
method

11 bps positive impact


on CRAR

c) oMa xqW q lkr r ulrqM me M AiUh mU MD


miok r okL:

f.

oMa xqW q lkr r ulrqM me M AiUh mU MD


miok r okL lW W

Any restrictions or impediments on transfer of funds


or regulatory capital within the banking group:
There is no restriction or impediments on transfer of
funds or regulatory capital within the banking group.

mMOl mm isM-2:
isM-2: me mrmii

TABLE DF 2: CAPITAL ADEQUACY

(i) ahiqM mMOl

(i) Qualitative Disclosures

me CiqMUh u sp AkMiqMUh mU rjci krl M


xj oM l UoxO eZq molkl AMOYcU M xjl mU
UZ W rj, Emsok me q x AkMiq MUoU MUl Wi

The Bank has put in place a robust Risk Management


Architecture with due focus on Capital optimization
and on profit maximization, i.e. to do maximum
business out of the available capital which in
turn maximize profit or return on equity. Bank is
benchmarking on globally accepted sound risk
management system, conforming to Basel III
framework, enabling a more efficient equitable and
prudent allocation of resources.

exx M sp AkM W r CYuO mU UOl AkM W |


oM l oxs III Rc M mMUh MUi WL ij xxkl
M AU AkM mpu u uuMmh AuOl xqji MUi
WL | u xiU mU xuMU Mr ar xW eZq molkl
mhs M ocqM Mr W |
me Arel mr q, oM l lql xq M W:

oM M uiql me AuzrMi

MUoU Uhli u eZq sl M qi M AlxU


si AU xjr me

In Capital Planning process, the bank reviews:

me AuzrMi u me CiqMUh M xukM m x

Current capital requirement of the Bank

The targeted and sustainable capital in terms of


business strategy and risk appetite.

Capital need and capital optimization are monitored


periodically by the Capital Planning Committee
comprising Top Executives. Capital requirement
is projected quarterly considering the expected
growth in advances, investments and investments
in Subsidiaries / Joint Ventures, etc. Committee takes
into consideration various options available for capital
augmentation in tune with business growth and
realignment of Capital structure duly undertaking
the scenario analysis for capital optimization.

me Arel xqi U laUl M e UW W exq M


Eiq MrmsM W | Aaq, luz u xWrM / xr
Eq M luz, AS q Ami u M krl q UZi
WL me AuzrMi M iqW AkU mU Alql Mr ar
W | MUoU u AU me CiqMUh Wi ukui mUSzr
M uzswh MUi WL me xUcl M m q sl M xj
me Aukl Wi xqi Emsok up uMsm M krl q
UZ UW W |

243

(ii) mUqhiqM mMOl


(` qsrl q)
qM
(b)

(c)

qlM SMh M Akl xupa

mipiMUh mMOl

1,686.83

qlM Auk SMh


-

ore SU eZq

uSz ulqr eZq (xuh xWi)

CYuO eZq

13,424.02
592.47
5,817.54

mUcsliqM eZq M sL me AuzrMiL


qs xcM SMh

15,572.82

xqlr CYuO OrU 1,, OrU 1 AU Ms me

(f)

244,287.42

oeU eZq M sL me AuzrMi

(e)

31.03.2014

Gh eZq M sL me AuzrMi

(d)

Uz

qS

xqW
-

xDO 1 me

234,219.52

OrU 1 me

243,420.89

OrU 2 me

92,679.80

Ms me

336,100.69

xOQ Asl (mkl oM)


-

xDO 1 me

231,320.75

OrU 1 me

239,909.28

OrU 2 me

92,046.26

Ms me

331,955.54

xqlr CYuO OrU 1,, OrU 1 AU Ms me Almi

xqW xAULAU
-

xDO 1 Almi

7.49%

OrU 1 Almi

7.79%

OrU 2 Almi

2.96%

x AU L AU

10.75%

xOQ Asl (qZr oM) x AU L AU


-

xDO 1 Almi

7.41%

OrU 1 Almi

7.68%

OrU 2 Almi

2.95%

x AU L AU

10.63%

244

(ii) Quantitative disclosures


(` in Million)
Sl
No.
(b)

(c)

Portfolios subject to Standardized Approach

Securitization Exposures

1,686.83

Standardized Duration Approach


-

Interest Rate Risk

Foreign Exchange Risk (including Gold)

Equity Risk

13,424.02
592.47
5,817.54

Capital requirements for Operational Risk


Basic Indicator Approach

15,572.82

Common Equity Tier 1, Tier 1 and Total Capital

(f)

244,287.42

Capital requirements for Market Risk

(e)

31.03.2014

Capital requirements for Credit Risk

(d)

Amount

Items

Group
-

CET 1 Capital

234,219.52

Tier 1 Capital

243,420.89

Tier 2 Capital

92,679.80

Total Capital

336,100.69

Stand alone (Parent Bank)


-

CET 1 Capital

231,320.75

Tier 1 Capital

239,909.28

Tier 2 Capital

92,046.26

Total Capital

331,955.54

Common Equity Tier 1, Tier 1 and Total Capital ratios:

Group CRAR
-

CET 1 Ratio

7.49%

Tier 1 Ratio

7.79%

Tier 2 Ratio

2.96%

CRAR

10.75%

Stand alone (Parent Bank) CRAR


-

CET 1 Ratio

7.41%

Tier 1 Ratio

7.68%

Tier 2 Ratio

2.95%

CRAR

10.63%

245

mMOl mm isM-3:
isM- : Gh eZq:
xqlr mMOl

TABLE DF 3: CREDIT RISK: GENERAL


DISCLOSURES
(i) Qualitative Disclosures

(i) ahiqM mMOl

The Banks policies assume moderate risk appetite


and healthy balance between risk and return. The
primary risk management goals are to maximize value
for shareholders within acceptable parameters and
adequately addressing the requirements of regulatory
authorities, depositors and other stakeholders. The
guiding principles in risk management of the Bank
comprise of Compliance with regulatory and legal
requirements, achieving a balance between risk and
return, ensuring independence of risk functions, and
aligning risk management and business objectives.
The Credit Risk Management process of the Bank is
driven by a strong organizational culture and sound
operating procedures, involving corporate values,
attitudes, competencies, employment of business
intelligence tools, internal control culture, effective
internal reporting and contingency planning.

oM M li eZq u UOl M oc qkrq eZq sl


M qi u xuxj xisl UZi W | xuMr qlSQ M
AlSU zrU kUM Wi qsr M xuki MUl AU ulrqM
mkMUh, eqMi u Alr zrUkUM M AuzrMiA M
Emr m x SZl mjqM eZq molkl Ezr W | oM
M eZq molkl M qaSzM xi q ulrqM u uk
AuzrMiA xWi Almsl, eZq u UOl q xisl mmi
MUl, eZq Mr M xur xli MUl ij eZq
molkl u MUoU Ezr M LM m q sl xqWi W |
MmUO qsr, uruWU, SiA, MUoU Axcl EmMUh
M lrel, AiUM lrh xxMi, mpu AiUM UmOa
u AMxqM rel xWi qeoi xaPliqM xxMi u
xuxj xcsl mrA U oM M xZ eZq molkl
mr xcsi Wi W |

The overall objectives of Banks Credit Risk


Management are to:

oM M xZ eZq molkl M xqrM Ezr lqlui W:

xZ u xli MU, ahiqM u mUqhiqM Sl W,


e M eZq M Ciq uxel M xj uU xisi
u uukimh Wa |

eZq u mOTsr mU ulrqM uuMmh qlSQ

Ensure credit growth, both qualitatively and


quantitatively that would be sectorally balanced,
diversified with optimum dispersal of risk.

Ensure adherence to regulatory prudential norms


on exposures and portfolios.

M Almsl xli MU|

xZ eZq q up eZq M Emr m x


qsrua lkUh MU |

Adequately pricing various risks in the credit


exposure.

Form part of an integrated system of risk


management encompassing identification,
measurement, monitoring and control.

mWcl, qml, laUl u lrh M zqs MUi WL


eZq molkl M LMMi mhs M pa olr |

Strategies and processes:


In order to realize the above objectives of Credit Risk
Management, the Bank prescribes various methods for
Credit Risk identification, measurement, grading and
aggregation techniques, monitoring and reporting,
risk control / mitigation techniques and management
of problem loans / credits. The Bank has also defined
target markets, risk acceptance criteria, credit approval
authorities, and guidelines on credit origination/
maintenance procedures.

Uhli u mrL:
xZ eZq molkl M EmU Ezr M Mrlui MUl
M q q oM xZ eZq mWcl, qml, aQa u xqMl
iMlM, laUl u UmOa, eZq lrh / zql iMlM
AU xqxrqsM Gh / xZ M molkl Wi oM up mir
lkUi MUi W | oM l sr oeU, eZq xuMr qlSQ,
xZ qeU mkMUh u xZ urim / AlUh mr mU
SzlSz M p mUpwi Mr W |

The strategies are framed keeping in view various measures


for Credit Risk Mitigation, which includes identification of
thrust areas and target markets, fixing of exposure ceiling

xZ eZq zql Wi up Emr M krl q UZi Wu Uhli


olD aD W, exq M qWiuus u sr oeU M mWcl,

246

ulrqM SzlSz u oM M eZq k mU AkUi eZq

based on regulatory guidelines and risk appetite of the


Bank, minimizing concentration Risk, and pricing based on
rating.

xq ir MUl, xMlSh eZq M lrliq MUl AU UOa mU


AkUi qsrua ir MUl zqs W |

Bank from time to time would identify the potential and


productive sectors for lending, based on the performance
of the segments and demands of the economy. The Bank
restricts its exposures in sectors which do not have
growth potentials, based on the Banks evaluation of
industries/ sectors based on the prevailing economic
scenario prospects, etc.

oM xqr-xqr mU Gh Sl Wi xpur u EimSl M


mWcl MUa e M ZQ M lwmSl u Ajuruxj M qa mU
lpU Wa | qeS Ajuruxj mUSzr, AS mU AkUi oM M
AaM / M qsrMl M AkU mU oM El q Aml
eZq M miolki MUa exq M u xpur lW W |
xZ x xoki oM M mUcsl mrL u mhs xW xZ

The operational processes and systems of the Bank


relating to credit are framed on sound Credit Risk
Management Principles and are subjected to periodical
review.

eZq molkl xi mU irU Mr era AU xukM xq


M uwrM Wa |
xZ mxiu mU rjci uuM M pa M m q oM M mx

The Bank has comprehensive credit risk identification


processes as part of due diligence on credit proposals.

uxii xZ eZq mWcl mrL W |

The structure and organization of the Credit Risk


Management Function: Credit Risk Management
Structure in the Bank is as under-

xZ eZq molkl Mr M xUcl u xaPl: oM q xZ


eZq molkl xUcl lql W:

lSzM qQs

Board of Directors

oQ M eZq molkl xqi (AULqxo)

Risk Management Committee of the Board (RMCB)

xZ eZq molkl xqi (xAULqx)

Credit Risk Management Committee (CRMC)

qQs xq iMlM Mr Ss (LqAUOQosre)

Model Review Technical Working Group (MRTWG)

qW molkM - eZq molkl upa, m.M. (qZr eZq


AkMU)

General Manager-Risk Management Wing, H.O (Chief


Risk Officer)

Deputy General Manager (I&II), Risk Management


Wing

Credit Risk Management


Management Wing

The Credit Risk Management Department comprises


of Credit Policy Section, Credit Statistics Section and
Credit Risk Management Section. The Credit Risk
Management Section has three functional desks,
the Credit Risk Management Desk, Credit Risk Rating
Desk and Industry Research Desk.

Em qW molkM (I u II), eZq molkl upa

xZ eZq molkl mpa, eZq molkl upa

xZ eZq molkl mpa q xZ li Alpa, xZ


xZrM Alpa u xZ eZq molkl Alpa xqWi
W | xZ eZq molkl Alpa M il MrMU QxM W,
xZ eZq molkl QxM, xYZ eZq UOa QxM u
AaM Alxlkl QxM |

Department,

Risk

qQs uki Ss (LquO)

Model Validation Team (MVT)

qQs uMx Ss

Model Development Team

Acs Mrsr mU eZq molkl u xZ xq Alpa |

Risk Management & Credit Review Section at Circle


Offices.

247

eZq UmOa AU / r qm mhs M Mr AU mMi:

The scope and nature of risk reporting and / or


measurement systems:

oM M Emr xZ eZq qm u laUl mr W | eZq

Bank has an appropriate credit risk measurement and


monitoring processes. The measurement of risk is
through a pre-sanction exercise of credit risk rating and
scoring models put in place by the Bank. The Bank has a
separate Risk Rating Policy for identifying the parameters
under each of these risks as also assigning weighted
scores thereto and rating them on a scale of I to VII. Grade
VIII or High Risk Grade III is termed as default grade. The
risk rating policy also entails the guidelines on usage/
mapping of ratings assigned by the recognized ECAIs
(External Credit Assessment Institutions) for assigning
risk weights for the eligible credit exposures as per
the guidelines of the RBI on standardized approach for
capital computation and also for pricing purposes.

M qm, xZ eZq UOa M mu-qeU Aprx u oM U


xjl lkUi xMUa qQs M qkrq x W | mirM eZq e
M pUi xMU M lS MUl M Asu AU ElW xMs I x
VII mU UOa MUl M iWi qlSQ M mWcl Wi oM M LM
Asa x eZq UOa li W | aQ VIII r Eiq eZq aQ
III M QTsO aQ MWi W | me xahl u xj W qsr lkUh
Ezr Wi qlMMi SMh mU pUo M SzlSz M AlxU
m xZ eZq M sr eZq pUi M lkUi MUl Wi
qlrimmi DxLAD (o xZ qsrMl xxjl) U Sr ar
UOa M mra / qmma M SzlSz mU p eZq UOa li
eU Si W |
xZ eZq M qml Wi xmh xZ mOTsr M sr oM

The Bank has adopted Standardized Approach for entire


credit portfolio for credit risk measurement. The bank
is endeavouring to move towards IRB approaches and
made all necessary efforts in this regard.
The Bank has embarked upon a software solution to
get system support for establishing a robust credit
data warehouse for all MIS requirements, computation
of Risk Weighted Assets (RWA), generate various credit
related reports for review of exposure and monitoring,
and conducting analysis of credit portfolio from various
angles.

l `qlMMi SMh' Amlr W | oM ADAUo SMh M


AU oRl Wi mrx MU UW W AU Cx xok q xp AuzrM
Mzz M e UW W |
oM l xp LqADLx AuzrMiA, eZq pUi Axir M
xahl (AUQosrL), LYxmeU u laUl M xq Wi up
xZ xoki UmO M xei MUl, AU up Mh x xZ
mOTsr M uzswh MUl Wi LM UoxO xZ QO urUWEx
xjmi MUl M sr mhs xqjl mmi MUl Wi xnOurU
xsrzl z Mr W |

Policies for hedging and / or mitigating risk and


strategies and processes for monitoring the continuing
effectiveness of hedges / mitigants:

miU / zql M eU mpuMi M laUl Wi eZq u


Uhli u mr M miU AU / r zql M sr li:

Bank primarily relies on the borrowers financial strength


and debt servicing capacity while approving credits. Bank
does not excessively rely on collaterals or guarantees as
a source of repayment or as a substitute for evaluating
borrowers creditworthiness. The Bank does not deny
credit facilities to those assessed as credit worthy for
mere want of adequate collaterals.

oM mjqM m x xZ AlqSi MUi xqr EkUMi M


ur z u Me cMi qi mU eU Si W | oM cMi M
xi M m q r EkUMi M EkU mi M qsrMi MUl Wi
LM uMsm M m q AkMiq xmM r aUO mU lpU lW
Wi| mrmi xmM M Almxji M MUh q oM El xZ
m M xZ xuk mSl MUl x ql lW MUi |

In order to manage the Banks credit risk exposure, the


Bank has adopted credit appraisal and approval policies
and procedures that are reviewed and updated by the
Risk Management Wing at Head Office in consultation
with other functional wings. The credit appraisal and
approval process is broadly divided into credit origination,
appraisal, assessment and approval, and dispensation.

oM M xZ eZq LYxmeU M molki MUl M q q oM


l Alr MrMU upa M xj mUqz q mkl Mrsr mU
eZq molkl upa U Mr el us xq u Ail xZ
qsrMl u qeU lir M Aml sr W | xZ qsrMl u
qeU mr uxii m x QO urim, qsrMl, lkUh u
qeU AU uiUh q upei W |

248

MmUO u u mUrel u Gh Aq iU mU Acs xmr,


xqlri: xm, xr AU EmMUh mU mjq aWhkMU U
xUi W | ur mipi ex ur Axi M aUu M
mipi p oM UZi W AU eW p Emr W MmUO aUO u
urai aUO mmi MUi W | uiql Axi M mjq aWhkMU
U MrMU me Gh xUi UZ ei W exq M xqlri:
xc AU mmir zqs W |

Corporate finance and project finance loans are typically


secured by a first lien on fixed assets, normally consisting
of property, plant and equipment. The Bank also takes
security of pledge of financial assets like marketable
securities and obtains corporate guarantees and personal
guarantees wherever appropriate. Working Capital loans
are typically secured by a first lien on current assets,
which normally consist of inventory and receivables.

xmM mU oM M mpU M uki xli MUl Wi SxiueMUh


mU oM l uxii SzlSz eU Mr W |

Bank has laid down detailed guidelines on documentation


to ensure legal certainty of Banks charge on collaterals.
The Banks policy is to ensure portfolio diversification and
evaluate overall exposure in a particular industry / sector
in the light of forecasts of growth and profitability for
that industry, and the risk appetite of the Bank. The Bank
monitors exposures to major sectors of the economy and
specifically exposure to various industries and sensitive
sectors. Exposure to industrial activities is subjected
to the credit exposure ceilings fixed by the Bank based
on the analysis on performance of the industry. The
Banks exposures to single and group borrowers as also
substantial exposure is fixed as per the risk rating of the
borrowers and monitored periodically in order to keep
the exposure level within the prudential ceiling norms
advised by Reserve Bank of India from time to time.

Ex Ea M uMx u spel AU oM M eZq k M


mUSzr q uz Ea / q mOTsr uuki u xmh
LYxmeU xli MUl oM M li W | oM Ajuruxj M
mqZ M LYxmeU M laUl MUi W AU ZxMU up
Ea u xuSlzs M LYxmeU M | AaM aiukr
M LYxmeU Ea M MrlwmSl M uzswh mU AkUi oM
U ir xZ LYxmeU xq M uwrM W | oM M LMs u
xqW EkUMiA M LYxmeU M xj-xj mrmi LYxmeU
p EkUMi M eZq UOa AlxU ir Wi W ij xqrxqr mU pUir Ueu oM U xfui uuMmh xq qlSQ
M ASU LYxmeU xiU M xpsl M q q xukM iU mU
laUl M ei W |

The credit origination is through the grass root level ably


assisted by the branch network and Circle Offices. The
process of identification, application is carried out before
commencing an in depth appraisal, due diligence and
assessment.

xZ urim zZ M lus Mr u Acs Mrsr U Mr


ar xWra x AUpM xiU mU Mr ei W | mWcl, AuSl
M mr aWU qsrMl, rjci uuM u AMsl z MUl x
mWs Mr ei W |

The credit approval process is a critical factor and


commences with the mandatory credit risk rating of the
borrower as a pre sanction exercise. The measurement
of Credit Risk associated with the borrower evaluates
indicative factors like; borrowers financial position,
cash flows, activity, current market trends, past trends,
management capabilities, experience with associated
business entities, nature of facilities etc. The credit
sanctioning powers delegated to the various authorities
based on internal risk rating categories of the borrower
already put in place. In terms of the Ministry of Finance
notifications, Bank has set up Credit Approval Committees
at HO and circle levels. The credit sanctioning powers of
all the sanctioning authorities at administrative units
(i.e., besides branch powers) are withdrawn and the
committee approach for credit approval has been put
in place. The Bank has in place specialized branches viz.
Centralized Processing Units (CPUs), Retail Asset Hubs
(RAHs) and SME Sulabhs at select cities to ease credit
dispensation turnaround time and ensure specialized
attention.

xZ AlqSl mr LM qWiumh bOM W AU LM mu-qeU


Aprx M m q EkUMi M Alur xZ eZq UOa M
xj z Wi W | EkUMi x xoki xZ eZq M qm,
EkUMi M AjM xji, lMS muW, aiuk, uiql oeU
mcsl, pimu mcsl, molkl xqi, xo MUoU CMDr M
xj Alpu, xuk M mMi, AS xcM bOM M qsrMi
MUi W | EkUMi M AiUM eZq UOa ua mU up
mkMUr M mirrei Mr ar W | xZ AlqSl AkMU
u qsr M Akxcl AlxU, oM l mkl Mrsr u
Acs Mrsr xiU mU xZ AlqSl xqi M aPl Mr W |
mzxlM CMDr mU xp qeU mkMUr M xZ AlqSl
AkMU M umx s sr ar W ij xZ qeU Wi xqi M
SMh M lkUi Mr ar W | crli zWU q xZ xuiUh
Mr M Axl MUl Wi u uzw krl xli MUl Wi oM
l uzwMi zZA rj, MSMi mxxMUh CMCr (xmr),
ZSU Axi Wo (AULLc), u LxLqD xsp M xjml M W |

249

lrh
laUl
M e
M e
eU M
M iWi

Emr M xuki MUl Wi Asa xZ mzxl u


upa M aPi Mr ar W iM uz Gh xq
xM, xqxr Zi, QO BQO, AS M laUl
xM | rW Gh M qeU EmUi laUl mU AkM
xli MUi W AU Gh xq i mU oM M lir
Emsok up EmMUh M mok M qeoi MUi W |

To enhance the control measures, a separate Credit


Administration and Monitoring Wing is in place to
undertake exclusive loan review, monitoring problem
accounts, credit audit, etc. This ensures greater thrust
on post sanction monitoring of loans and strengthen
administering the various tools available under the
Banks policies on loan review mechanism.
For effective loan review, the Bank has the following in
place:

mpu Gh xq Wi, oM q lqlsZi Emsok W:

aU-Almsli M bOlA M mWcl, uzswh Wi AU


xkUMUh M sr xZ sZmU mhs |

Aas Eiq mkMU U WU LM qeU mkMU U qeU


M aD Gh M xq|

Credit Audit System to identify, analyze instances of


non-compliance and rectification.

Review of loan sanctioned by each sanctioning


authority by the next higher authority.

LYxmeU M LM uzw xiU x mU EkUMi Zi M


qkruk xq |

Mid Term Review of borrowal accounts beyond a


certain level of exposure.

up xiU mU uzw uc Zi M laUl | LxQosrLs


q mSzi Zi M xcr q `10 qsrl u AkM M
LYxmeU us Zi M laUl MUl Wi mM / Acs
Mrsr mU xsme molkl xqi M aPl |

Monitoring of special watch accounts at various


levels. Formation of Slippage Management
Committee at HO / Circles to monitor the accounts
with exposure of ` 10 Million & above, among the
list of accounts appearing in SWL

EmMUh rj, QO laUl TqO (uo AkUi), iqW


xcl mhs, A uwM mUcsl mhs, xOM BQO,
uzw uc xc Zi AS M laUl|

Monitoring tools like Credit Monitoring Format (webbased), Quarterly Information Systems, Half Yearly
Operation Systems, Stock Audits, Special Watch List
Accounts, etc.

zZA mU laUl Mr M mpU xZ laUl AkMU |

Credit Monitoring Officers at branches in charge of


monitoring functions.

Gh qeU M mu - xuiUh laUl M qeoi MUl M sL


lrq u zi M Almsl, lkUi xmM mipir M
mmi, xuiUh M mWs mipir M mhi xlzci MUl
M sL mu-eU BQO mhs M zpUp Mr ar W |

In order to strengthen pre-disbursement monitoring


of compliance to sanction terms and conditions,
obtention of stipulated collateral securities ensuring
perfection of securities before disbursement etc, Prerelease Audit System has been introduced.

A framework has been developed outlining


a corrective action plan that will incentivize
early identification of problem account, timely
restructuring of accounts which are considered to
be viable and taking prompt steps by lenders for
recovery or sale thereby revitalizing the distressed
accounts in the Bank.

xqxr Zi M mu-mWcl, uruWr ql el us Zi


M mlaPl AU EkUSiA U uxs r o Wi iuUi
Emr Mr el exx M oM q olS Zi ml xr W
er, M mixWi MUa, Lx xkUiqM MUuD M rel
M mUZ irU MUi WL LM Rc uMxi Mr ar W |

Loans Past due and Impaired: As per the prudential norms


applied for income recognition, asset classification and
provisioning, the Bank considers following categories of
loans and advances as Non-performing Assets, wherein:

mu-AiSr u Amr Gh: Ar qlri, Axi uaMUh u


muklMUh Wi sa uuMmh qlSQ AlxU oM lqlsZi
ua M Gh u Aaq M AleM Axi qli W, exq M:

xuk Gh M xok q 90 Sl x AkM M Auk Wi


AiSr UWl us qskl M ore AU / r Mxi |

250

Interest and/or installment of principal remain


overdue for a period of more than 90 days in respect
of a Term Loan

AuUQnO / lMS QO (AQ/xx) M xok q Zi


`AEO BT BQU' UWa | LM Zi M `AEO BT BQU'
ql era eo AiSr zw saiU qeU xq / AWUh
AkMU x AkMi q UW | Ex qqs q eW mjqM
mUcsl Zi q AiSr zw qeU xq / AWUh z x
Mq W, mUi isl m M ij mU saiU 90 Sl Wi MD
eq lW W r Ex xqr M SUl lq M aD ore M MuU
MUl Wi eq mrmi lW W, El Zi M `AEO BT BQU'
M m q sr era |

ZUS r plr ar os M qqs q 90 Sl x AkM M


Auk M sr os AiSr UWa |

The account remains out of order in respect of an


Overdraft/Cash Credit (OD/CC). An account should
be treated as out of order if the outstanding balance
remains continuously in excess of the sanctioned
limit/drawing power. In cases where the outstanding
balance in the principal operating account is less
than the sanctioned limit/drawing power, but there
are no credits continuously for 90 days as on the date
of Balance Sheet or credits are not enough to cover
the interest debited during the same period, these
accounts should be treated as out of order.

The bill remains overdue for a period of more than


90 days in the case of Bills Purchased and Discounted.

Mw Aaq M qqs q, qs M ore AU / r Mxi 2


Txs qxq (Asmuk Txs M xok q) Wi u 1 Txs
qxq (so Auk Txs M xok q) Wi AiSr UWa |

In case of agricultural advances, interest and/or


installment of principal remains overdue for 2 crop
seasons (in respect of short duration crops) & 1 crop
season (in respect of long duration crops).

MD p mmi Uz e M Alr Zi M xok q 90 Sl x


AkM M Auk M sr AiSr UWa |

Mx p iqW q mpUi ore iqW M Ai x 90 Sl


M AlSU mU iUW x lmOr lW Wa |

Any amount receivable that remains overdue for


a period of more than 90 days in respect of other
accounts.

Interest charged during any quarter is not serviced


fully within 90 days from the end of the quarter.

(ii) mUqhiqM mMOl

(ii) Quantitative Disclosures

Z. Ms xMs Gh eZq mMOl:

b. Total Gross Credit Risk Exposure:


Uz (` qsrl q)

uuUh

Amount (` in Million)

31.03.2014

Particulars

31.03.2014

lk AkUi mMOl

3,041,440.89

Fund Based Exposures

3,041,440.89

aU-lk AkUi mMOl

2,150,362.94

Non-fund Based Exposures

2,150,362.94

Ms xMs Gh mMOl

5,191,803.83

Total Gross Credit Exposures

5,191,803.83

a. mMOl M pasM xuiUh

mMOl

lk AkUi
mMOl
31.03.2014

bUs mUcsl
xqSmUr mUcsl
Ms

Uz (` qsrl q)

c.

Geographic Distribution of Exposures:


Amount (` in Million)

aU-lk AkUi
mMOl

Fund Based
Exposures

Exposures

31.03.2014

31.03.2014

Non-fund Based
Exposures
31.03.2014

2,848,720.00

2,021,899.04

Domestic operations

2,848,720.00

2,021,899.04

192,720.89

128,463.90

Overseas operations

192,720.89

128,463.90

3,041,440.89

2,150,362.94

3,041,440.89

2,150,362.94

Total

251

(b) mMOl M Ea mMU xuiUh (uM)


Uz (` qsrl q)
qM

Ea

lk AkUi oMr

aU-lk AkUi oMr

31.03.2014

31.03.2014

1.1

Zll AU EiZll

30,718.20

1,520.00

1.2

Z xxkl

68,830.80

4,520.00

19,555.10

560.00

1.2.2 Z is u ulxmi

2,606.70

1,400.00

1.2.3 cr

1,062.00

710.00

1.2.4 Alr

45,607.00

1,850.00

1.3

mr mSj u ioM

7,540.00

250.00

1.4

MmQ

134,320.50

13,850.00

60,197.60

3,150.00

1,380.00

240.00

1.4.3 Alr MmQ

72,742.90

10,460.00

cqQ u cqQ EimS

12,332.70

320.00

1.2.1 cl

1.4.1 xi MmQ
1.4.2 mOxl M MmQ
1.5
1.6

sMQ AU sMQ EimS

4,460.00

1,440.00

1.7

Mae AU Mae EimS

20,730.10

4,640.00

1.8

mOsrq, Mrs EimS AU mUqh Dkl

48,195.90

28,250.00

1.9

Uxrl AU Uxrl EimS

42,298.80

7,759.40

2,675.30

3,070.00

17,408.40

2,030.00

3,719.60

349.40

18,495.50

2,310.00

13,370.00

1,810.00

1,706.80

30.00

1.9.1 ZS
1.9.2 Awk AU TqxrOMsx
1.9.3 mO MqMs
1.9.4 Alr
1.10

UoQ, msxOM AU ElM EimS

1.11

Mc AU Mc M ol xql

1.12

xqO AU xqO EimS

18,357.30

610.00

1.13

qs ki AU ki EimS

187,575.30

39,270.00

1.13.1 sW AU Cxmi

122,509.90

31,230.00

65,065.40

8,040.00

71,680.50

52,623.40

1.14.1 CsYOlYx

11,876.10

6,440.00

1.14.2 ui

18,550.00

17,923.40

1.14.3 Alr

41,254.40

28,260.00

1.13.2 Alr ki AU ki EimS


1.14

xp AprM

252

(d) Industry Type Distribution of Exposures (Global):


Amount (` in Million)
Sl
No.

INDUSTRY

Fund Based
Outstanding

Non Fund Based


Outstanding

31.03.2014

31.03.2014

1.1

Mining and Quarrying

30,718.20

1,520.00

1.2

Food Processing

68,830.80

4,520.00

1.2.1 Sugar

19,555.10

560.00

1.2.2 Edible Oils and Vanaspati

2,606.70

1,400.00

1.2.3 Tea

1,062.00

710.00

45,607.00

1,850.00

7,540.00

250.00

134,320.50

13,850.00

60,197.60

3,150.00

1,380.00

240.00

72,742.90

10,460.00

1.2.4 Others
1.3

Beverage & Tobacco

1.4

Textiles
1.4.1 Cotton Textiles
1.4.2 Jute Textiles
1.4.3 Other Textiles

1.5

Leather & Leather Products

12,332.70

320.00

1.6

Wood and Wood Products

4,460.00

1,440.00

1.7

Paper & Paper Products

20,730.10

4,640.00

1.8

Petroleum, Coal Products and Nuclear Fuels

48,195.90

28,250.00

1.9

Chemicals and Chemical Products

42,298.80

7,759.40

2,675.30

3,070.00

17,408.40

2,030.00

3,719.60

349.40

18,495.50

2,310.00

13,370.00

1,810.00

1,706.80

30.00

18,357.30

610.00

187,575.30

39,270.00

122,509.90

31,230.00

65,065.40

8,040.00

71,680.50

52,623.40

1.14.1 Electronics

11,876.10

6,440.00

1.14.2 Electricity

18,550.00

17,923.40

1.14.3 Others

41,254.40

28,260.00

1.9.1 Fertilizer
1.9.2 Drugs & Pharmaceuticals
1.9.3 Petro Chemicals
1.9.4 Others
1.10

Rubber, Plastic & their Products

1.11

Glass and Glassware

1.12

Cement and Cement Products

1.13

Basic Metal and Metal Products


1.13.1 Iron and Steel
1.13.2 Other Metal and Metal Products

1.14

All Engineering

253

1.15

uWl, uWl M pa AU uWl EmMUh

32,448.20

6,950.00

1.16

U AU Apwh

11,180.00

10,890.00

1.17

lqh

48,672.50

44,130.00

1.18

AkUpi xUcl

645,301.30

38,910.00

1.18.1 oes

438,329.90

32,210.00

1.18.2 OsMqrlMzlx

73,731.70

3,910.00

1.18.3 xQM

70,380.00

680.00

1.18.4 WuD A

18,270.00

0.00

1.18.5 oSUaW

10,920.00

110.00

1.18.6 Usu (pUir Usu M Asu)

11,730.00

1,670.00

1.18.7 Alr AkUpi xUcl


1.19

Alr Ea
Ea (sb, qkrq AU oQ xiU M Ms)

21,939.70

330.00

198,651.10

8,340.00

1,598,370.00

266,112.80

1.15

Vehicles, Vehicle Parts and Transport Equipments

32,448.20

6,950.00

1.16

Gems & Jewellery

11,180.00

10,890.00

1.17

Construction

48,672.50

44,130.00

1.18

Infrastructure

645,301.30

38,910.00

438,329.90

32,210.00

1.18.2 Telecommunications

73,731.70

3,910.00

1.18.3 Roads

70,380.00

680.00

1.18.4 Airports

18,270.00

0.00

1.18.5 Ports

10,920.00

110.00

1.18.6 Railways (other than Indian Railways)

11,730.00

1,670.00

1.18.7 Other Infrastructure

21,939.70

330.00

198,651.10

8,340.00

1,598,370.00

266,112.80

1.18.1 Power

1.19

Other Industries
INDUSTRY (Total of Small, Medium and Large Scale)

Ea M Gh mMOl eW oMr mMOl oM M Ms xMs Gh mMOl M 5% x AkM W, u lqlui W


qM
1

Ms mMOl
(` qsrl q)

Ea
oes

470,539.90

Ms xMs Gh
mMOl M %
9.06%

Credit Exposure of industries where outstanding exposure is more than 5% of the Total Gross Credit Exposure of the
Bank is as follows:
Sl
No
1

Total Exposure

Industry

(` in Million)

Power

470,539.90

254

% of Total Gross Credit


Exposure
9.06%

(Q) Axir M Auz xuSiqM mUmYui uzswh:


h
Uz (` qsrl q)
Aaq

luz

uSz qS Axir

31.03.2014

31.03.2014

31.03.2014

mUmYui xum
0 x 1 Sl

94,988.30

3,346.60

12,942.80

2 x 7 Sl

136,358.60

5,490.20

30,257.90

8 x 14 Sl

111,190.00

556.30

14,752.80

15 x 28 Sl

162,313.80

6,316.20

22,710.10

29 Sl x 3 qW

212,435.70

24,068.20

75,515.40

3 qW x AkM AU 6 qW iM

214,939.00

13,400.20

60,541.20

6 qW x AkM AU 1 uw iM

401,353.20

22,276.50

85,664.50

1 uw x AkM AU 3 uw iM

763,722.70

123,566.80

37,959.00

3 uw x AkM AU 5 uw iM

279,747.30

300,923.90

14,758.90

5 uw x AkM

639,536.40

736,995.30

19,328.30

0.00

32,802.00

0.00

3,016,585.00

1,269,742.20

374,430.90

ol mUmYui M
Ms
(e) Residual Contractual Maturity Breakdown of Assets:

Amount (` in Million)
Maturity Pattern

Advances

Investments

Foreign Currency
Assets

31.03.2014

31.03.2014

31.03.2014

0 to 1 day

94,988.30

3,346.60

12,942.80

2 to 7 days

136,358.60

5,490.20

30,257.90

8 to 14 days

111,190.00

556.30

14,752.80

15 to 28 days

162,313.80

6,316.20

22,710.10

29 days to 3 months

212,435.70

24,068.20

75,515.40

Over 3 months & upto 6 months

214,939.00

13,400.20

60,541.20

Over 6 months & upto 1 year

401,353.20

22,276.50

85,664.50

Over 1 year & upto 3 years

763,722.70

123,566.80

37,959.00

Over 3 year & upto 5 years

279,747.30

300,923.90

14,758.90

Over 5 years

639,536.40

736,995.30

19,328.30

0.00

32,802.00

0.00

3,016,585.00

1,269,742.20

374,430.90

Without Maturity
Total

255

(c) AleM Axir M Uz (xMs)


Uz (` qsrl q)
qM

a)

b)

qS

31.03.2014

xMs AleM Axir

77,107.70

Au - qlM

34,802.40

xSak 1

24,692.30

xSak 2

16,997.20

xSak 3

204.90

Wl

410.80

lus AleM Axir

60,408.30

AleM Axir Almi


c)

xMs AleM Axir x xMs Aaq (%)

2.53

lus AleM Axir x lus Aaq (%)

2.01

AleM Axir M xjll (xMs)

d)

AUpM zw

63,664.30

mUukl

84,881.20

MOi

71,437.80

Aiq zw

77,107.70

AleM Axir M sL mukl M xjll


AUpM zw

9,930.10

qS M EiU-cRu u Alr
e)

304.60

Auk M SUl ML aL mukl

22,557.00

o Zi Qsl

15,931.70

AkM mukl M misZl

493.60

Aiq zw

16,366.40

f)

AleM luz M Uz

2,981.60

g)

AleM luz M sL kUi mukl M Uz

2,331.60

luz mU qsrx M sL muklA M xjll


AUpM zw
h)

2,269.50

Auk M SUl ML aL mukl

550.10

o Zi Qsl

8.00

AkM mukl M misZl

1,041.60

Aiq zw

1,770.00

256

(f) Amount of Non-Performing Assets (Gross):


Amount (` in Million)
Sl No

Items

31.03.2014

Gross NPAs

a)

b)

77,107.70

Sub-Standard

34,802.40

Doubtful 1

24,692.30

Doubtful 2

16,997.20

Doubtful 3

204.90

Loss

410.80

Net NPAs

60,408.30

NPA Ratios
c)

Gross NPAs to Gross Advances (%)

2.53

Net NPAs to Net Advances (%)

2.01

Movement of NPAs (gross)

d)

Opening balance

63,664.30

Additions

84,881.20

Reductions

71,437.80

Closing Balance

77,107.70

Movement of Provisions for NPAs


Opening Balance

9,930.10

Exchange Fluctuations & Others


e)

304.60

Provisions made during the period

22,557.00

Write-off

15,931.70

Write back of excess provisions

493.60

Closing Balance

16,366.40

f)

Amount of Non-Performing Investments

2,981.60

g)

Amount of Provisions held for Non-Performing Investments

2,331.60

Movement of Provisions for Depreciation on Investments


Opening Balance
h)

2,269.50

Provisions made during the period

550.10

Write-off

8.00

Write Back of excess Provisions

1,041.60

Closing Balance

1,770.00

257

isM Q LT-4: xZ eZq:


qlMMi SMh M iWi mOTsA
M sL mMOl

TABLE DF 4: CREDIT RISK:


DISCLOSURES FOR PORTFOLIOS
SUBJECT TO THE STANDARDIZED
APPROACH

(i)) ahiqM mMOl

(i) Qualitative Disclosures

(L) qlMMi SM
Mh M iWi mOTsA M sL:
oM l qlMMi SMh M Aiai me mpU M
ApMsl Wi LYxmeU M UOa u eZq pUi mSl
MUl M Ezr x lqlsZi QO UOa Lex M mWcl
M W |

(a) FOR PORTFOLIOS


APPROACH:

bUs QO UOa Lexr:


oMuM UOa CQr mCuO sqOQ (oMuM)
QO uzswh u Alxlkl sqOQ (xLAUD)
xs sqOQ
ADxAUL sqOQ
CQr UOax LQ Uxc mCuO sqOQ
(mu q Tc CQr)
Lx Lq D AU L UOax sqOQ

oM LM W EkUMi M sL LM LYxmeU M sL LM UOa


Lex AU AU SxU M sL SxU oWr QO qsrMl
xxjA M LM W xj mra lW MU xMi eoiM
M xqolki LYxmeU UOa crli Mus LM W oWr
QO qsrMl xxj U Mr ar W | CxM AiU
LM MmUO xqW M AlSU Mx uzw xxj M xm aL
UOa M Ex xqW M SxU xxj M eZq pUi M sL
mra lW MU xMi |

The Bank has recognized following credit rating


agencies for the purpose of rating of an exposure
& assigning risk weights for computation of capital
charge under standardized approach.

International Credit Rating Agencies:


Standard & Poor,
Moodys,
FITCH
Types of exposure for which each agency is used:
All the above agencies are recognized for rating all types
of exposures.
A description of the process used to transfer public issue
ratings onto comparable assets in the banking books:
The Bank uses only publicly available solicited
ratings that are valid and reviewed by the recognized
External Credit Rating Agencies, referred as External
Credit Assessment Institutions (ECAI).
Bank uses Bank Loan Rating for risk weighting
the borrowers exposures. Where Issuer Rating is
available, the Bank uses such ratings unless the bank
loan is specifically rated.
The Bank does not simultaneously use the rating of
one ECAI for one exposure and that of another ECAI
for another exposure of the same borrower, unless
the respective exposures are rated by only one of the
chosen ECAIs. Further, the Bank does not use rating
assigned to a particular entity within a corporate
group to risk weight other entities within the same
group.

LYxmeU M mMU exM sL mirM Lex M Emra M


ei W:
Emr xp Lexr xp mMU M LYxmeU M UOa M sL
qli W |
mosM Czr UOa M oMa oM q islr Axir q mUuii
MUl M mr M uuUh
oM Mus xuelM m x Emsok AlUk UOa M mra
MUi W e qlr W AU elM qlri mmi QO UOa
Lex U xq M aD W M o QO qsrMl xxjl
x xlSpi Mr ar W |
oM EkUMi M LYxmeU M sL eZq pUi Wi oM
Gh UOa M mra MUi W | eW eUMi UOa Emsok W
oM Cx mMU M UOa mra MUi W eoiM M oM Gh
uzw m x UOQ l W |

STANDARDIZED

Domestic Credit Rating Agencies:


Brickwork Ratings India Private Limited (Brickwork)
Credit Analysis & Research Limited (CARE)
CRISIL Limited
ICRA Limited,
India Ratings and Research Private Limited (Formerly
FITCH India)
SMERA Ratings Limited

AiUr QO UOa Lexr:


xOlQQ LQ mAU
qQx
LT AD O x Lc (Tc)

UNDER THE

258

cs xq ex lMS QO M Sb Auk LYxmeU ql


ei W AU iSlxU Cx mMU M LYxmeU M eZq
pUi mSl MUl M sL Sb Auk UOa M mra Mr
ei W |

Running limits such as Cash Credit are treated as


long term exposures and accordingly, long term
ratings are used for assigning risk weights for such
exposures.

oWr QO qsrMl xxj U SL aL UOa M eZq


lkUh / sa MUi xqr oM ulrqM Sz lSz / oM
M oQ AlqSl mxiu x lSzi Wi W |

While mapping/applying the ratings assigned by the


ECAIs, the Bank is guided by regulatory guidelines/
Banks Board approved Policy.

eW LYxmeU/ EkUMi M crli oWr QO qsrMl


xxj x MD UOa mmi W uW oM l eZq pUi M
ahl Wi lqlsZi mr AmlD W:

Where exposures/ borrowers have multiple ratings


from the chosen ECAIs, the Bank has adopted the
following procedure for risk weight calculations:

rS crli oWr QO qsrMl xxjl U S UOa


Sr ar W e up eZq pU M sL W uW E
eZq pU M sa Mr ei W |

If there are two ratings accorded by chosen ECAIs,


which map into different risk weights, the higher
risk weight is applied.

rS crli oWr QO qsrMl xxjl U il r


Exx AkM UOa Sr ar W AU e up eZq
pU M sL W uW lrliq 02 UOa M xlSp sr
ei W AU El S eZq pU q x E eZq pU
M sa Mr ei W |

If there are three or more ratings accorded by


the chosen ECAIs which map into different risk
weights, the ratings corresponding to the lowest
2 ratings are referred to and higher of those two
risk weights is applied.

(ii) Quantitative Disclosures

(ii) mUqhiqM mMOl:


lrlMUh TYOUa M oS (rj xqmM) qZr eZq
oMO q xMs Aaq (UOQ u AlUOQ):

(b) Amount of the Banks Exposures Gross Advances


(Rated & Unrated) in Major Risk Buckets under
Standardized Approach, after factoring Risk
Mitigants (i.e. Collaterals):

Uz (` qsrl q)

Amount (` in Million)

(o) oM LYxmeU M Uz: qlMMi SMh M iWi eZq

qM

uuUh

lk AkUi

aU-lk
AkUi

31.03.2014

31.03.2014

3,132,813.35

1,791,548.19

Below 100%
Risk Weight

FUND BASED

NON-FUND
BASED

31.03.2014

31.03.2014

3,132,813.35

1,791,548.19

100% Risk
Weight

930,531.48

674,130.28

More than 100%


Risk Weight

545,052.15

253,408.15

375,654.29

125,497.74

4,232,742.69

2,593,588.88

Sl
No

Particulars

100% eZq
pU x Mq

100%
eZq pU

930,531.48

674,130.28

100% eZq pU
x AkM

545,052.15

253,408.15

bOL aL (eZq
Mq MUl)

375,654.29

125,497.74

Deducted (Risk
Mitigants)

Ms

4,232,742.69

2,593,588.88

TOTAL

259

isM Q LT-5:
LT- : xZ eZq
lrlMUh - qlMMi SMh M sL
mMOl

TABLE DF 5: CREDIT RISK


MITIGATION DISCLOSURES FOR
STANDARDIZED APPROACHES

(i) ahiqM mMO


Ol

(i) Qualitative disclosures

xqmM qsrMl u molkl M sL li u mr: mpu


xqmM molkl M sL oM M oQ x AlqSi xqmM
molkl li W e mr, Ezr, xqmM M xuMr mMU
AU Emr mokl xcl mhs xWi mUZ mU os Si
W | PM x sr ar u moki MsOUsx AU aUO x qSS
qsa:

Policies and processes for collateral valuation and


management: The Bank is having a Board approved
collateral management policy which lays down the
process, objectives, accepted types of collaterals and the
framework including suitable management information
system for effective collateral management. The
Collaterals and guarantees properly taken and managed
that would serve to:

Ami Mz ns q Mq M MUh EkUMi U xZ xuk


q cM M xji q irM i U mlpail Emsok
MUMU eZq M Mq MUl |

cM M xji q mlpail M i M lrh q sl |

mitigate the risk by providing secondary source of


repayment in the event of borrowers default on a
credit facility due to inadequacy in expected cash
flow or not;

EkUMi M bOi mlpail qi M sL mu ciul


Emsok MUl |

gain control on the source of repayment in the event


of default;

provide early warning of a borrowers deteriorating


repayment ability; and

Optimize risk weighted assets and to address


Residual Risks adequately.

eZq pUi Axir M Ciq MUl AU Auz eZq


M mrmi m x xqkl MUl |

oM xZ eZq exx u LYxmeQ W ExM Mq MUl M


sL MD iMlM M mra MUi W | xzki SMh pUi
q oM M urmM SMh (qlMMi AU ADAUo SMh
M iWi) Amll M Alqi Si W e LYxmeU M u
xqmM M sL lkUi qsr M sL mpu Ra x eZq
Uz M Mq MUl ZsT MsOUsx M mU pUmD M Alqi
Si W | Cx SMh M iWi oM e rar ur MsOUs aWh
MUi W ElW MsOUsx M eZq mpu Mq MUl M krl
q UZi WL AuzrM me M ahl MUi xqr mim x eZq
LYxmeU Mq MUl M Alqi W |

Bank uses a number of techniques to mitigate the credit


risks to which they are exposed. The revised approach
allows banks in India to adopt the Comprehensive
Approach (under both the Standardized and IRB
approaches) which allows fuller offset of collateral
against exposures by effectively reducing the exposure
amount by the value ascribed to the collateral. Under
this approach, banks, which take eligible financial
collateral, are allowed to reduce their credit exposure
to the counterparty when calculating their capital
requirements by taking into account the risk mitigating
effect of the collateral.

oM M xqmM molkl mr u mj q eqli qsr M xU


AU xUh, MsOUsx M aUO, qsrMl / AukM lUh
xWi xqmh aiuk zqs W |

Collateral Management process and practices of the


Bank cover the entire activities comprising security and
protection of collateral value, validity of collaterals and
guarantees, and valuation / periodical inspection.

qsrMl: oM U AlqSi Gh M xUi MUl M sr mmi


xjr u cs Axir, Sl W oMA U xco qsr lkUM
x qsrMl M uwrM W | Zi M qSM xq, EkUMi M
Axi uaMUh e M qsrMl, qsrMl M xuk, M uwrM
W, oM M li SzlSz q lkUi Mr ar W | oM qsrMl
mU SzlSz M xukM iU mU xq MUi W |

Valuation: Both the Fixed and the Current Assets obtained


to secure the loans granted by the Bank are subjected to
valuation by valuers empanelled by the Bank. Monetary
limits of the accounts, asset classification of the borrower,
which is to be subjected to valuation, periodicity of
valuation, are prescribed in the Banks policy guidelines.
Bank reviews the guidelines on valuation periodically.

260

oM U sr ar xmM M mqZ mMU


MU M uuUh: oM U

Description of the main types of collateral taken by


the Bank: The collateral commonly used by the Bank
as risk mitigants comprises of Financial Collaterals
(i.e. Cash, Bank deposits, Life Insurance policies, NSC,
KVP, Government securities issued directly / by postal
departments, equity shares of limited companies other
than the Bank and approved by the Bank, debentures,
units of mutual funds, debt securities etc.), different
categories of moveable assets and immoveable assets /
properties etc. However, for the purpose of computation
of capital required under Standardized Approach, certain
specific financial collaterals have been recognized as
eligible collateral.

eZq zqM M m q AqiU mU mr Wl us xmM,


ur xmM (rj, lMS, oM eq, eul oq msx,
LlLxx, Mum, QM upa U / mir m x eU xUMU
mipir, oM M Asu u oM U qeU Alr sqOQ Mml M
CYuO zrU, QocU, qrcAs TQ, Me mipi AS),

up

mMU M cs Axir AU Acs Axir / xmr AS M


xqWi Mr WL W | rm, qlMMi SMh M iWi AuzrM
me M xahl M Ezr Wi MN uz ur xmM M
m xmM M m q qlri S ar W |
aUOU mim AU ElM EkU mi: oM UM, UM CMD

Main types of Guarantor counterparty and their


creditworthiness: Bank obtains/ accepts guarantees
of sovereign, sovereign entities (including BIS, IMF,
European Central Bank and European community as
well as Multilateral Development Banks, ECGC and
CGTMSE). Besides this, Bank also obtains Personal or
Corporate guarantee having adequate net worth, as an
additional comfort for mitigation of credit risk which can
be translated into a direct claim on the guarantor, and
are unconditional and irrevocable. The Creditworthiness
of the guarantor is normally not linked to or affected by
the borrowers financial position. The Bank also accepts
guarantee given by State / Central Government as a
security comfort. Such Guarantees remain continually
effective until the facility covered is fully repaid or settled
or released.

(oADLx, ADLqLT, rUmrl xOs oM, u rUmrl xqSr


M xj-xj oWmr uMx oM, Dxex, u xeOLqLxD
xWi) M aUO mmi / xuMU MUi W | CxM Asu, oM
Emr lus qsr us urai r MmUO aUO M p, xZ
eZq M zqM Wi AiU AUq M m q, e M aUOU
mU mir Su q mUuii Mr e xMi W AU r ol zi u
AOs W, M mmi MUi W | aUOU M EkU mi xqlr m x
EkUMi M ur xji x sM lW W r mpui lW Wi
W | oM Uer / MlS xUMU U Sr ar aUO M p mipi
MqTO M m q xuMU MUi W | Lx aUO saiU mpui
UWi W, eo iM M MuU xuk mh m x cM lW S er
r lmOl r UW l MU S er |

Credit Risk Mitigation recognized by the Bank for the


purpose of reducing capital requirement under New
Capital Adequacy Framework (Basel II Norms): The Bank
has recognized Cash, Banks own Deposits, Gold & Gold
Jewellery as Credit Risk Mitigations for the purpose of
reducing capital requirement under the New Capital
Adequacy Framework (Basel II Norms).

lr me Emri mUZ (oxs II qlSQ) M iWi me


AuzrMi M Mq MUl M Ezr Wi oM U qlrimmi xZ
eZq zql: lr me Emri mUZ (oxs II qlSQ) M
iWi me AuzrMi M Mq MUl M Ezr Wi oM l xZ
eZq zql M m q lMS, oM M xur M eq, xuh u xuh
Apwh M qlri S W |

Information about risk concentration within the


mitigation taken: The Bank has already initiated
steps for putting in place a data warehouse for a
robust Management Information System (MIS) to
facilitate management of Credit Risk and evaluation of
effectiveness of collateral management including risk
concentrations of collaterals.

sr ar zql M ASU eZq LMai M oU q xcl: oM l


mWs W xZ eZq M molkl M xuk Sl Wi u xmM
M eZq LMai xWi xmM molkl M mpuMi M
qsrMl Wi qeoi molkl xcl mhs (LqADLx) M sr
LM QO urUWEx M xjl mU sl M sr MSq EPr W |

261

(ii) qiqM mMOl

(ii) Quantitative Disclosures


Amount (` in Million)
Sl No.
PARTICULARS
31.03.2014
(b) The total exposure (after, where
applicable, on- or off balance
sheet netting) that is covered by
eligible financial collateral after 479,925.38
the application of haircuts for
each separately disclosed credit
risk portfolio.
(c) The total exposure (after, where
applicable, on- or off-balance
sheet netting) that is covered
by guarantees/credit derivatives 245,019.15
(whenever specifically permitted
by RBI) for each separately
disclosed portfolio

Uz (` qsrl q)
qM
uuUh
31.03.2014
(o) WU LM Asa x mMOl Mr ar xZ
eZq mOTsr Wi WrUMO M
AuSl M mi m ur xmM
479,925.38
U MuU Mr el us Ms LYxmeU (mi, eW sa W, Bl- r
BT osz zO lOa) |
(x) WU LM Asa x mMOl Mr ar
mOTsr Wi aUO / xZ urimS (eo p pUo U uz m x
Alqi Mr ar W) U MuU Mr 245,019.15
el us Ms LYxmeU (mi, eW
sa W, Bl- r BT osz zO
lOa) |

TABLE DF 6: SECURITIZATION
EXPOSURES: DISCLOSURE FOR
STANDARDIZED APPROACH

isM QLT-6:
LT- : mipiMUh
LYxmeU: qlMMi SMh Wi mMOl
(i) ahiqM mMO
Ol
li SzlSz, mipiMUh u lMS muW M mir xqlSzl
AU ol xxkl AkU M qkrq x Axir M AiUh M
xqWi Mr WL SzlSz M MuU MUi W|

(i) Qualitative disclosures


The policy guidelines cover guidelines involving transfer
of assets through Securitisation and direct assignment
of cash flows and are on without recourse basis.
The guidelines to banks on securitisation of standard
assets contain:
The provisions relating to securitization of assets
Stipulations regarding transfer of standard assets
through direct assignment of cash flows.
The banks existing policy guidelines deals with
purchase of pools from an originator (Bank/NBFC/
FI). Purchase of assets through Direct Assignment of
cash flows from originating NBFCs/Banks/FIs shall
be only from those rated A and above. The Banks
Policy has the provision to purchase portfolio with
underlying assets pertaining to Agriculture, MSME,
Retail and Non priority portfolio.
Bank can purchase loans from other banks/FIs/NBFCs
in India only if the seller has explicitly disclosed to the
bank that it will adhere to the Minimum Retention
Requirement on an ongoing basis.
The bank monitors the purchase transactions on
an ongoing basis at certain intervals and takes
appropriate action wherever required. The general
prescription laid down in the Master policy on
Credit Risk Management with regard to loan
review mechanism and monitoring is applicable to
securitization transactions.
The exposure to the originator shall be within the
prudential exposure ceilings stipulated by the Bank.

qlM Axir M mipiMUh mU oM M SzlSz q


xqWi W:

Axir M mipiMUh x xoki mukl

lMS muW M mir xqlSzl M qkrq x qlM Axir


M AiUh x xoki lkUh |
LM muiM (oM/LloLTx/LTAD) x ms M r mU oM
M uiql li SzlSz Mr MU UW W | muiM oM/
LloLTx/LTAD x lMS muW M mir xqlSzl M
qkrq x Axir M r Mus `L' AU Exx FmU M
UOQ x W Wa | Mw, LqLxLqD, ZSU u aU-mjqMi
mOTsr x xoki AilWi Axir M xj mOTsr
M r M mukl oM M li q W |
pUi q oM, Alr oM / LTAD / LloLTx x Gh r
MU xMi W, Mus io eo ui l oM M xm m x
rW Zsx Mr W M lUiU AkU mU uW lrliq AukUh
AuzrMi M Almsl MUa |
MN AiUs mU oM lUiU AkU mU r xuruWU M
laUl MUi W AU eW p AuzrM W Emr MruW
MUi W | Gh xq i u laUl M xok q xZ
eZq molkl mU qxOU li q Sr ar xqlr lkUh
mipiMUh xuruWU mU sa Wa |
muiM M LYxmeU oM U lkUi uuMmh LYxmeU
xq M AlSU W Wa |

262

(ii) qiqM mMOl


(i) oMa oW
Uz (` qsrl q)
qM

uuUh

31.03.2014

(d)

oM U mipiMi LYxmeU M Ms UMq

(e)

uiql Auk M SUl oM U mWcl M aD mipiMi Asa Asa LYxmeU uU (ex QO MQ, Aux Gh, BO
Gh CirS mipi uuUh xWi) Wl

18,742.60

rj Sr LYxmeU
31.03.2014

mWcl ML aL
sp
31.03.2014

Aux Gh

9,639.10

zlr

Lq Lx Lq D Gh

9,103.50

zlr

18,742.60

zlr

LYxmeU M mMU

Ms
(f)

uw M piU mpiMi M el us Axir M UMq

zlr

(g)

x q x mpiMUh mu LM uw M piU Axir M UMq

sa lW

(h)

mpiMi UMq LYxmeU M Ms UMq u LYxmeU M ur U mWcl UWi


sp r Wl / M

sa lW

(i)

M Ms UMq
Asa Asa LYxmeU M sL UZ aL r r ML aL Bl osz zO mipiMi LYxmeU
rj Sr LYxmeU
31.03.2014

LYxmeU M mMU
Aux Gh

9,639.10

Lq Lx Lq D Gh

9,103.50

Ms

18,742.60
zlr

BT osz zO mpiMUh Asa Asa LYxmeU


(j)

(i) ZUS aL r UZ aL mpiMUh M xMs Uz u Asa Asa LYxmeU M sL xqqsi me mpU ij rj 31.03.2014
M mirM ulrq me M Asa Asa eZq kUi
LYxmeU M mMU

< 100%
eZq kUi

100%
eZq kUi

> 100%
eZq kUi

Ms LYxmeU

me mpU
@ 9%

Aux Gh

9,639.10

9,639.10

867.52

Lq Lx Lq D Gh

9,103.50

9,103.50

819.31

Ms

18,742.60

18,742.60

1,686.83

(ii) LYxmeU e mU iUW OrU | me x bOL aL, Gh xukl, Ms me x bOL aL Alr LYxmeU

263

Nil

(ii) Quantitative Disclosures


(i) Banking Book:
Amount (` in Million)
Sl
No

PARTICULARS

31.03.2014

(d) The total amount of exposures securitized by the Bank.

18,742.60

(e) For exposures securitized losses recognized by the Bank during the current period broken by the exposure type
(e.g. Credit Cards, Housing Loans, Auto Loans etc. detailed by underlying security):
Exposure
Recognized
Outstanding as on gains/ (losses)
31.03.2014
31.03.2014

Exposure Type
Housing Loans

9,639.10

Nil

MSME Loans

9,103.50

Nil

18,742.60

Nil

Total
(f) Amount of assets intended to be securitized within a year

Nil

(g) Of (f), amount of assets originated within a year before Securitisation.

NA

(h) The total amount of exposures securitized (by exposure type) and
unrecognized gain or losses on sale by exposure type

NA

(i)

Aggregate amount of:


On-balance sheet Securitisation Exposures retained or purchased broken down by exposure type:
Exposure Outstanding as on
31.03.2014

Exposure Type
Housing Loans

9,639.10

MSME Loans

9,103.50

Total

18,742.60
Nil

Off-balance sheet Securitisation Exposures broken down by exposure type

(j) (i) Aggregate amount of Securitisation Exposures retained or purchased and the associated capital charges,
broken down between exposures and further broken down into different risk weight bands for each regulatory
capital approach as on 31.03.2014
Exposure Type

< 100% risk


weights

100% risk
weights

> 100% risk


weights

Total
exposure

Capital
Charge @ 9%

Housing Loans

9,639.10

9,639.10

867.52

MSME Loans

9,103.50

9,103.50

819.31

Total

18,742.60

18,742.60

1,686.83

(ii) Exposures that have been deducted entirely from Tier 1 Capital, credit enhancing I/Os deducted from
total capital, and other exposures deducted from total capital (by exposure type).

264

Nil

(ii) urmUM oW
Uz (` qsrl q)
qM

uuUh

(k)

oM U mpiMi LYxmeU M xMs Uz exM sL oM l MN LYxmeU UZ W ij e oeU


eZq M Akl W

(l)

M xMs Uz:

31.03.2014

Bl osx zO mipiMUh LYxmeU UZ aL r r ML aL Asa Asa mMU M LYxmeU

11,075.50

11,075.50

BT osx zO mipiMi LYxmeU Asa Asa mMU M


(m)

zlr

mipiMi LYxmeU M xMs Uz UZ aD r Asa x r M aD


oM U mpiMi LYxmeU M xMs Uz exM sL oM l MN LYxmeU UZ W ij e
uzw eZq M sL uxii eZq Emr eZq M Akl W ij

11,075.50

mpiMi LYxmeU e Asa Asa eZq kUi M mipiMUh xUcl M Akl W


qM

(n)

eZq kUi oQ

rj M LYxmeU
31.03.2014

<100% eZq kUi

0.00

100% eZq kUi

0.00

>100% eZq kUi

11,075.50

Ms

11,075.50

M xMs Uz
mpiMi LYxmeU Wi me AuzrMi mipiMi xUcl M up Asa Asa eZq kUi oQ M Akl
qM

eZq kUi oQ

rj M LYxmeU
31.03.2014

<100% eZq kUi

0.00

100% eZq kUi

0.00

>100% eZq kUi

1,495.10

Ms

1,495.10

mipiMUh LYxmeU e mU iUW OrU | me, Gh xukl, u Ms me x bOL aL Alr


LYxmeU

265

zlr

(ii) Trading Book:


Amount (` in Million)
Sl
No

PARTICULARS

31.03.2014

(k)

Aggregate amount of exposures Securitized by the Bank for which the Bank has retained
some exposures and which is subject to the Market Risk approach, by exposure type.

(l)

Aggregate amount of:


On-balance sheet Securitisation Exposures retained or purchased broken down by
exposure type; and
Off-balance sheet Securitisation Exposures broken down by exposure type

11,075.50

11,075.50

NIL

(m) Aggregate amount of Securitisation Exposures retained or purchased separately for:


Securitisation Exposures retained or purchased subject to Comprehensive Risk Measure
for Specific Risk; and

11,075.50

Securitization Exposures subject to the securitisation framework for Specific Risk broken down into different
risk weight bands.
Sl No

(n)

Risk Weight Bands

Exposure as on 31.03.2014

<100% Risk Weight

0.00

100% Risk Weight

0.00

>100% Risk Weight

11,075.50

Total

11,075.50

Aggregate amount of:


The capital requirements for the Securitisation Exposures, subject to the securitisation framework broken
down into different risk weight bands.
Sl No

Risk Weight Bands

Capital Requirement as on
31.03.2014

<100% Risk Weight

0.00

100% Risk Weight

0.00

>100% Risk Weight

1,495.10

Total

1,495.10

Securitisation Exposures that are deducted entirely from Tier 1 capital, credit enhancing
I/Os deducted from total capital, and other exposures deducted from total capital (by
exposure type).

266

NIL

xUh QLT-7:
LT- : urmU oW q oeU
eZq

TABLE DF 7: MARKET RISK IN


TRADING BOOK

(i) ahiqM mMOl

(i) Qualitative disclosures

Uhli u mrL: oeU eZq molkl M xqrM Ezr oM

Strategies and processes: The overall objective of


market risk management is to create shareholder value
by improving the Banks competitive advantage and
reducing loss from all types of market risk loss events.

M mixmkiqM sp M xkUl M U u xp mMU M oeU


eZq Wl bOlA x Wl M Mq MUl M U zrUkUM qsr
M lqi MUl W |

eo xqrM liiu u eZq molkl mUZ M lrh,

While overall leadership and control of the


management framework is provided by
Management Wing, the business units
empowered to set strategy for taking risks
manage the risks.

All issues or limit violations of a pre-determined


severity (materiality, frequency, nature) are escalated
to the Risk Management Wing where the actions
to address them are determined by the appropriate
authorities. The business units are responsible for
implementing the decision taken.

eZq molkl upa U Emsok MUr ei W io MUoU


CMD eZq sl Wi Uhli ir MUl u eZq M molki
MUl M sr xz Wi W |

mu-lkUi iui M xp q u xq Essbl eZq


molkl upa M mUuki MU Sr ei W eW ElW xoki
MUl us MruW Emr mkMUh U lkUi Wa | sr
ar lhr M Mrurl Wi MUoU CMD EUSr Wa |

mr M Ezr W:

risk
Risk
are
and

The process aims to:

oeU eZq aiukr M MuU MUl M sr LM mLYOu


oeU eZq molkl xxMi M xjmi Mr er |

Establish a pro-active market risk management


culture to cover market risk activities.

Comply with all relevant legislation and regulatory


requirements relating to Market Risk

Develop consistent qualities in evolving policies &


procedures relating to identification, measurement,
management, monitoring, controlling and reviewing
of Market Risk.

oeU eZq x xoki xp mxaM ukl u ulrqM


AuzrMiA M Almsl MU |

oeU eZq M mWcl, qm, molkl, laUl, lrh u


xq M xok q lir u mrA M EeaU MUl q
xxai ah M uMxi MU |

up mMU M oeU eZq Wi xq xUcl u OaU M


xjmi MU |

LM qeoi UmOa mhs M xjmi MUl M U mpuMU


laUl i M xjmi MU |

Establish limit structure and triggers for various


kinds of market risk factors

Establish efficient monitoring mechanism by setting


up a strong reporting system.

oeU eZq Emr M xui u lrqi qsrMl M


Amlr |

Adopt independent and regular evaluation of the


market risk measures.

mxaM eZq molkl Mr M xUcl u xaPl:


oeU eZq molkl xUcl lqlsZi W

lSzM qQs

oQ M eZq molkl xqi

The structure and organization of the relevant risk


management function: Market Risk Management

oM M

structure of the Bank is as under


Board of Directors
Risk Management Committee of the Board

267

Axi Sriu molkl xqi (LLsxA)

Asset Liability Management Committee (ALCO)

oeU eZq molkl xqi (LqAULqx)

Market Risk Management Committee (MRMC)

qW molkM - AULq upa (qZr eZq AkMU),


mkl Mrsr

General Manager RM Wing (Chief Risk Officer),


Head Office

oeU eZq molkl mpa, eZq molkl upa, mM

Market Risk Management


Management Wing, HO

LMMi qQ Mrsr

Integrated Mid Office

qQ Mrsr - LMMi Mw

Mid Office Integrated Treasury

Axi Sriu molkl Alpa

Asset Liability Management Section

Risk

The scope and nature of risk reporting and/or


measurement systems:

eZq UmOa AU / r qm mhs M


M xMm u mu:

Department,

oM l oeU eZq molkl Wi MD LYxmeU xqL lS


M W rj, AuUlCO xq, COQr xq, xMs am xq,

The Bank has put in place various exposure limits


for market risk management such as Overnight
limit, Intraday limit, Aggregate Gap limit, Stop Loss
limit, VaR limit, Broker Turnover limit, Capital Market
Exposure limit, Product-wise Exposure limit, Issuerwise Exposure limit, etc.

xOm Wl xq, uU xq, oMU OlAuU xq, me oeU


LYxmeU xq, LYxmeU xq, EimS-uU LYxmeU
xq, eUMi-uU LYxmeU xq, AS

OQa QxM x s MU oQ xiU iM M oM M up xiU


mU eZq xq M laUl Wi eZq UmOa mhs M
xjmi Mr ar W |

A risk reporting system is in place for monitoring the


risk limits across different levels of the Bank from
trading desk to the Board level.

eZq molkl r sZMl aiukr Wi oeU q qMa


M sr mr SU xui m x xirmi Wa |

The rates used for marking to market for risk


management or accounting purposes are
independently verified.

UmO M mra MrlwmSl u eZq, oM M Uhli M


Alm MUoU aiukr M molkl q Wi W |

The reports are used to monitor performance and


risk, manage business activities in accordance with
the Banks strategy.

UmOa mhs xqrxq, xucsl M xj Eci xOMi,


WDsCO mOTsr eZq LMai M xli MUi W
AU sZi MqOU M xqWi MUi W |

The reporting system ensures timelines, reasonable


accuracy with automation, highlight portfolio risk
concentrations, and include written commentary.

uxii eZq UmO lhr sl M mr M xukl


MUi W |

The detailed risk reports enhance the decisionmaking process.

M aiukr x lmOl MSMi W AU up eZq


xq M laUl Wi mhs M xjmi Mr ar W |

Dealing room activities are centralized, and system is


in place to monitor the various risk limits.

The reporting formats & the frequency are


periodically reviewed to ensure that they suffice
for risk monitoring, measuring and mitigation
requirements of the Bank.

UmOa TqO u Au M xukM iU mU xq M ar


W iM rW xli Mr e xM M u oM M eZq
laUl, qm u zql AuzrMi M mU MUi W |

268

ocu / zql M eU mpuzsi M laUl Wi eZq u

Policies for hedging and/or mitigating risk and


strategies and processes for monitoring the continuing
effectiveness of hedges / mitigants: Various Board
approved policies viz., Market Risk Management Policy
(Including Country Risk Management and Counterparty
Bank Risk Management), Investment Policy, Forex
dealing and trading operations Policy and ALM Policy
are put in place for market risk management. Market
Risk Management Policy provides the framework for
risk assessment, identification and measurement and
mitigation, risk limits & triggers, risk monitoring and
reporting.

Uhli u mr M ocu AU / r zql M sr li: up


oQ qeU lir rj, oeU eZq molkl li (Sze eZq
molkl u mim oM eZq molkl xWi), luz li, TUYx
Qsa u OQa mUcsl li, AU LLsLq li, M oeU
eZq molkl Wi xjmi Mr ar W | oeU eZq molkl
li, eZq qsrMl, mWcl u qm AU zql, eZq xq u
OaU, eZq laUl u UmOa M sr mUZ mSl MUi W |
oM l up Sz iM LYxmeU s el Wi xq AuOi MUl
M sr Sz M eZq uaMUh Wi up qmSQ rj, eQm
u, qSxTi, OQ osz AS mU AkUi Sze eZq UOa

The Bank has developed an internal model for country


risk rating based on various parameters like GDP growth,
inflation, trade balance etc for risk categorization of the
countries to allocate limit for taking exposure to various
countries.

M sr LM AiUM qQs irU Mr W |


uSz oM M uaMUh Wi oM l xMUa qQs xjmi
Mr W | up LYxmeU xqA M xMUa qOYx AlxU
mim U xUi AM mU AkUi MUM ir Mr ar W |

The Bank has in place a scoring model for categorization


of foreign banks. The various exposure limits are set
based on the points secured by the counterparties as per
the scoring matrix.

LLsLq li ore SU eZq u cslk eZq M molkl mU


aU MUi W | li l up SzlSz Sr W iM rW xli
Mr e xM M AMxqM umwh msl M xi MUl M

The ALM Policy deals with management of Interest Rate


Risk and Liquidity Risk. The Policy lays down various
guidelines to ensure that the liquidity position is
comfortable at times of stress by formulating contingency
funding plan. Tolerance levels are incorporated under
each timeframe and any breach of it would signal a
forthcoming liquidity constraint.

U ilu M xqr q cslk xji AUqSrM W | WU LM


xqr Rc M iWi xWwhi xiU M laqi Mr ar W AU
CxM Mx p mMU M Essbl LM Aaq cslk M Mq
M xMi Sa |

(ii) ahiqM mMOl

(ii) Quantitative Disclosures

(` qsrl q)
qM

uuUh

(` in Million)

me AuzrMi M Uz
uuUh

Sl
No

31.03.2014
(a)

or e SU eZq

(b)

DYuO xji eZq

5,817.54

(c)

uSz ulqr eZq

592.47

Particulars

Amount of capital
requirement
31.03.2014

13,424.02

(a)

Interest Rate Risk

(b) Equity Position Risk


(c)

269

Foreign Exchange Risk

13,424.02
5,817.54
592.47

isM QLT-8:
LT- : mUcsl eZq

TABLE DF 8: OPERATIONAL RISK

(i) ahiqhM mMOl

(i) Qualitative Disclosures

Uhlir u mMrL
MrL: oM M mUcsl eZq mokl mMr,

Strategies and processes: The Operational Risk


Management process of the Bank is driven by a strong
organizational culture and sound operating procedures,
involving corporate values, attitudes, competencies,
internal control culture, effective internal reporting
and contingency planning. Policies are put in place for
effective management of Operational Risk in the Bank.

qeoi xaPliq M xxM i u rar mUcsl Mrukr x


lWi W exq MmUO qsrM, mu, mixmkiqMi, AiUM
lrh xxMi, mpu AiUM UmOa u AMxqM rel,
lir lkUi W exx M oM q mUcsl eZq M mpu
mokl xli W xM |
xai eZq mokl Mr M Rc u aPl:

oM q mUcsl

The structure and organization of the relevant


risk management function: The Operational Risk
Management Structure in the Bank is as under:

eZq mokl Rc lqllxU W:

lSzM qQs

Board of Directors

oQ M eZq mokl xqi (AULqxo)

Risk Management Committee of the Board (RMCB)

mUcsl eZq mokl xqi (AAULqx)

Operational Risk Management Committee (ORMC)

mqZ/ qW mokM - eZq mokl / qZr eZq AkMU

Head/ General Manager Risk Management/ Chief


Risk Officer

mUcsl eZq mokl upa (AAULqQ), m M

qZr qW mokM/ upa M qW mokM / Acs mkl

Operational Risk Management Department (ORMD),


HO

Acs M qlli MrmsM

Chief General Managers/ General Managers of


Wings/ Circle Heads

Acs q eZq mokl Alpa

Nominated Executives at Circles

Risk Management Sections at Circles

eZq AkMU (Acs Mrsr / mkl Mrsr q

Risk Officer (Circle Offices / Nodal Officers in


functional Wings at Head Office)

MriqM upa q lQs AkMU)

The scope and nature of risk reporting and/or


measurement systems: The Risk reporting consists
of operational risk loss incidents/events occurred in
branches/offices relating to people, process, technology
and external events. The data collected from different
sources are used for preparation of Risk Matrix consisting
of seven loss event types and eight business lines
recognized by the RBI.

eZq UmOa ij / r mUqml mhsr M urlmi Lu


mMU : eZq UmOa q, zZA/Mrsr q sa, mMr,
iMlM u oWU Mrq M xok q bOi mUcsl eZq Wl
xok bOlL zqs W | up xi x xaW Mr ar QO
M mra eZq qOYx irU MUl M sL Mr ei W exq
pUir Ueu oM U qlr xi Wl xok bOl mMU u AP
MUoU AkU zqs W |
ocu-uruxj AU / r eZq zql MUl M xok q lir

Policies for hedging and/or mitigating risk and


strategies and processes for monitoring the continuing
effectiveness of hedges / mitigants:

ij ocu-urcuxj / mzql M saiU eU mpuMi mU


laUl UZl Wi Uhlir u mrL:

Bank has put in place policies for management of


Operational Risk. The policy framework contains various
aspects of Operational Risk management such as

oM l mUcsl eZq M mokl q lir lkUi M W |


li xok Rc q AplkUh, mokl, laUl u mzql ex

270

mUcsliqM eZq mokl xok up mWs zqs W |

identification, management, monitoring & mitigation of


Operational Risk areas.

rMsm M AEOxxa q lWi eZq M luUh M sL

In order to address risks involved in outsourcing of


activities, Bank has put in place policies for management
of Outsourcing Risk.

oM l AEOxxa eZq M mokl M sL lir lkUi


M W |
MUoU mrA M lUiUi, mlUUp u uxs xuMi xiU

Business Continuity Plan Policy is in place to ensure


continuity, resumption and recovery of critical business
processes, at an agreed level and limit the impact of the
disaster on people, process and infrastructure (including
IT). This will minimize the operational, financial, legal,
reputational and other material consequences arising
from a Business impact/ disaster.

iM olr UZl M oi M xli MUl ij sa, mMr u


AuxUcl (ADO xWi) mU ExM umS M mpu xqi UZl
M sL MUoU lUiUi rel li lkUi M ar W |
mUcsl eZq me qsrMl: oM l mUcsl eZq M sL
me mpU mUMsi MUl M sL qs xMiM SMh (oxM
CQMOU Amc) M Amlr W |
(ii) mUqhiqM mMOl:

Operational Risk Capital Assessment: The Bank has


adopted Basic Indicator Approach for calculating capital
charge for Operational Risk.

qs xMiM SMh (oxM CQMOU Amc) M iWi mUcsl

(ii) Quantitative Disclosure:

eZq M sL me Am `15,572.82 qsrl W |

The capital requirement for Operational Risk under Basic


Indicator Approach is ` 15,572.82 Millions.

isM Q LT-9:
LT- : oMa mxiM q ore
SU eZq (ADAUAUoo)

TABLE DF 9: INTEREST RATE RISK IN


THE BANKING BOOK (IRRBB)

(i) ahiqM mMOl:

(i) Qualitative Disclosures:

oMa mxiM q ore SU eZq (ADAUAUoo)


ore SU eZq uW eZq W eW oeU ore SU q
mUuil x oM M ur xji mpui Wi W | cM, up
mUmYui/mlqsrl, qS, oeU u ocqM SU M isl m M
qS u isl m M CiU qS M xok q oM M SU xuSlzs
ol UWi W AU Cl qlSQ q Mx mMU M miMs xum M
EcU-cRu x oM, ore SU eZq x axi Wi W | oMa
mxiM q ore SU eZq (ADAUAUoo) x ore SU q
miMs EiU-cRu M MUh oM M Emel (sb-Auk M
mpu) mU Wlus mpu ij lus qsri (Sbuk M mpu)
M oU q mi csi W AU Cx qxM AkU mU AM ei W |

Interest Rate Risk in Banking Book (IRRBB)


Interest Rate Risk is the risk where changes in market
interest rates affect a banks financial position. As the
bank holds rate sensitive on and off balance-sheets items
of different matur