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/ BANK OF INDIA

/ Annual Report 2013-14


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AmnHo$ ~H$ H$m n[aMmbZ bm^ {dmr` df 2012-13 | ` 7,458
H$amoS> Wm Omo {dmr` df 2013-14 | ` 8,423 H$amoS> hmo J`m, Bg
H$ma 12.94% H$s d{ XO hB&
~H$ H$m {Zdb bm^ {dmr` df 2012-13 Ho$ ` 2749 H$amoS> Ho$ ~Xbo
{dmr` df 2013-14 | ` 2729 H$amoS> ahm&
~H$ H$m {Zdb `mO Am` {dmr` df 2012-13 | ` 9,024 H$amoS>
Wr Omo ~T>H$a {dmr` df 2013-14 | ` 10,831 hmo JB, Bg H$ma
20.02% H$s d{ hB&
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{dmr` df 2013-14 | ` 4,292 H$amoS> hmo JB, Bg H$ma 13.97%
H$s d{ XO H$s JB&

In the Euro area, policy actions have reduced major risks and stabilized
financial conditions, although growth in the periphery is still constrained
by credit bottlenecks. There are increasing signs that the European
economy has reached a turning point. The fiscal consolidation and
structural reforms undertaken in Europe have created the basis for
recovery. The region is expected to gradually pull out of recession, with
growth expected to touch 0.5 percent in 2014 from 0.4 per cent in 2013.
However, unemployment is still high and is estimated to remain around
12.20 per cent until 2015.
As far as the Indian economy is concerned, the Central Statistical
Organisation (CSO) has estimated that the growth for 2013-14 will be
around 4.90 per cent as against 4.50 per cent in 2013-14. While gross
domestic product (GDP) growth is expected to be driven by better farm
output, which is projected to grow at 4 per cent in 2013-14 against 1.4
per cent in 2012-13, manufacturing is expected to remain sluggish
as revealed by the Index of Industrial production numbers pegging
manufacturing growth at -0.8% for FY 2014.
The Indian economy remains constrained by slow industrial growth,
contracting manufacturing output, weak investment and a reduction in
private consumption. An Asian Development Bank (ADB) report states
that capacity for rapid growth over the long term is high, with a promising
outlook for capital flows and infrastructure provided necessary reforms
are initiated to achieve and sustain growth rates. Another success sphere
is reduction of current account deficit (CAD) to 2 per cent from 4.7 per
cent a year earlier. However, interest rates are not likely to ease much
given the inflationary pressures.
Outlook for FY 2014-15
The global economy, which for most part of 2013-14 remained in the low
growth trajectory, though with a recovery bias, at around 2.40 per cent,
is likely to improve to 3.40 per cent in 2014-15. The domestic economy
is expected to show improvement to around 5.5 per cent, with pick-up in
investments and clearance of stalled projects subject to normal monsoon
and decent agricultural growth. The outlook for industrial activity is
contingent upon a change in business sentiment and a necessary push
for investments through speedy clearance of stalled projects worth ` 7
lakh core.
Inflation is an area of concern. Retail Inflation which in April 2014
increased to 8.59 per cent could hamper growth and consumption if
not controlled. It may not be possible for the RBI to ease interest rates
unless retail inflation declines. Meanwhile, Indicators such as corporate
performance, industrial outlook and PMIs point to declining pricing
power. On the other hand, food inflation is likely to be a source of upside
pressure because of persisting supply imbalances and a possible hike
in diesel prices to eliminate subsidies. Also, the timing and magnitude
of administered price revisions, particularly of electricity and coal, will
impact the evolution of future inflation trajectory 2014-15.
However, now that a government with a decisive mandate is in place,
economy should start improving and banks should see improvement on
the asset quality front. Banks should see a significant decline on this
front after a couple of years when the results of reform initiatives start
trickling in.
Banks performance

Your Bank posted an Operating Profit growth of 12.94%


during FY 2013-14 to ` 8,423 Crore from ` 7,458 Crore during
FY 2012-13.

Net profit of the bank was ` 2729 crore for FY 2013-14 as


against ` 2749 crore for the FY 2012-13.

Net Interest Income of the Bank for FY 2013-14 rose by


20.02% to ` 10,831 Crore during FY2013-14 from ` 9,024
Crore during FY 2012-13.

Non-Interest Income during the year 2013-14 registered a


growth of 13.97% to ` 4,292 crore from ` 3,766 crore during
the year 2012-13.

/ BANK OF INDIA

/ Annual Report 2013-14

~H$ H$m {V eo`a AOZ (BnrEg) {dmr` df 2012-13 Ho$ ` 47.79


go {dmr` df 2013-14 | ` 44.74 hmo Jm&
{V eo`a ~hr y` `Wm 31 mM, 2013 | ` 362.37 go gwYaH$a `Wm
31 mM, 2014 | ` 387.53 hmo Jm&
Am` AZwnmV H$s bmJV {dmr` df 2012-13 | 41.69% Wr Omo df
Ho$ XmamZ ~T>H$a {dmr` df 2013-14 | 44.30% hmo JB h&
AmnHo$ ~H$ H$s {Zdb m{b`V `Wm 31 mM, 2013 | ` 21,621
H$amoS> go ~T>H$a `Wm 31 mM, 2014 H$mo ` 24,543 H$amoS> hmo JB&
nyOr n`mVm AZwnmV (grAmaEAma) `Wm 31 mM, 2014 H$mo ~mgob
II Ho$ AZwgma 10.76% Ama ~mgob III Ho$ AZwgma 9.97% ahr&
~H$ H$m d{H$ H$mamo~ma {l 31 mM, 2013 | ` 674807 H$amoS>
go ~T>H$a 31 mM, 2014 | ` 853202 VH$ nhM J`m, Bg H$ma
26.44% H$s d{ XO H$s&
~H$ H$s Hw$b Omam{e 31 mM, 2013 | ` 381839 H$amoS> go ~T>H$a
31 mM, 2014 H$mo ` 476974 hmo JB AWmV 24.91% ~T>moVar hB
Ama gH$b A{J 31 mM, 2014 H$mo ` 292968 H$amoS> go ~T>H$a
` 376228 H$amoS> hmo Jm AWmV 28.42% H$s ~T>moVar&
H$mgm Omam{e ~T>H$a `Wm 31 mM, 2014 H$mo ` 105467 H$amoS> hmo
J`m Ama H$mgm AZwnmV 29.97% Wm&
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| 26% H$s df-Xa-df d{ Ho$ gmW ~{T>`m H$m`{ZnmXZ XO {H$`m
h& no Ho$ y`mg Ho$ ^md H$mo ~>o | S>mbZo Ho$ ~mX ^r H$e:
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{dmr` df 2013-14 Ho$ XmamZ H$s JB nhb|
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| VoOr go d{ hB h& AV: Bg df Ho$ XmamZ 36 Ama Ama~rgr Imobr
OmEJr Omo hmao [aQ>ob IS> H$mo godmE XmZ H$a|Jr&
g`dhma ~qH$J na {deof `mZ XoVo hE M}Q> ~qH$J godmE ew$ H$s
JB h&
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J`m h&
o AmBEQ>r BQ>|Q> Zr Qm$a, {~Zm H$mS> Ho$ ZH$X-AmhaU H$a|
Eogr nhb H$aZodmbm nhbm nrEg`y ~H$
o nhbm Sy>Ab-dmboQ> H$mS> (EZEgS>rgr Ho$ gmW H$mo ~{S>S>)
o 19 B-Jbar Imobo, Omo 247 JmhH$ godm XmZ H$a|Jo Ama Bg df
200 Ama B-Jbar Imob|Jo&

The Earning per Share (EPS) of the Bank for FY 2013-14


stood at ` 44.74 in FY 2013-14 against ` 47.79 in FY 2012-13.

The Book value per share improved from ` 362.37 as on 31st


March, 2013 to ` 387.53 as on 31st March 2014.

The Cost to Income Ratio rose during the year from 41.69 %
in FY 2012-13 to 44.30% for FY 2013-14.

Your Banks Net Worth increased to ` 24,543 crore as on


31stMarch, 2014 from ` 21,621 crore as on 31st March, 2013.
Capital Adequacy Ratio (CRAR) stood at 10.76% as on
31stMarch, 2014 as per Basel II and at 9.97% as per Basel III

Global Business-mix of the Bank reached a level of Rs


853202 crore as on 31st March 2014 from Rs 674807 crore
as on 31st March 2013, registering a growth rate of 26.44%.

The Banks Total Deposits went up from Rs.381839 crore


as on 31st March 2013 to ` 476974 crore as on 31st March
2014 i.e. by 24.91% and Gross Advances went up from
` 292968 crore to ` 376228 crore as on 31st March, 2014 i.e.
by 28.42%.

CASA deposits rose to ` 105467 crore as of 31st March 2014


and CASA ratio was 29.97%.

The International Operations of the Bank showed robust


performance with Y-o-Y growth of 29% in Deposits and
26% in Advances. Discounting the effect of depreciation
of the rupee growth was still impressive at 17% and 14%
respectively. During the year, the Bank took a conscious
decision of expanding the business commensurate with cost
effectiveness and profitability.

Board of Directors of your Bank had declared an Interim and


final Dividend at the rate of ` 5/- per share (50%) for the year.

Initiatives during FY 2013-2014


Your Bank undertook several initiatives to foster business growth and
customer services. The major highlights are:

1.20 crore New Customers were added during the year 201314, taking the total Customer base to 7.7 crore.

354 branches were opened during the year 2013-14, taking


Domestic branch network to 4646. During the year 2013-14,
2092 new ATMs were installed taking the total number of
ATMs to 4225 as on March 31, 2014.

Your Bank has 131 Branches of Future providing superior


customer service with special attention to High Net-worth
Individuals with dedicated relationship managers. 175 more
such Branches of Future will be opened.

24 Retail Business Centres (RBCs) have helped grow much


faster in Retail credit, hence 36 more RBCs will be opened in
this year to cater our services to the Retail Segment.

The Merchant Banking services have been introduced with


focus on Transaction Banking

Your Bank has introduced many innovative products such as


o

Sangini Debit card, exclusively designed for Women

IMT-Instant Money Transfer, withdraw cash without


card 1st PSU banks initiative

1st dual-wallet card (co-branded with NSDC)

Opened 19 e-Galleries, which will provide 24x7


customer service and will open 200 e-Galleries more
this year.

/ BANK OF INDIA

/ Annual Report 2013-14

1000+ Passbook printing Kiosks and 250 Note acceptors


(cash deposit kiosks) are provided. We shall add 2000
pass book printing kiosks and 850 note acceptors this
year.

Aadhar based bio-metric authentication for ATMs


introduced.

1000 go A{YH$ nmg~wH$ qqQ>J {H$AmH$ Ama 250 ZmoQ>


EgoQ>g (H$e {S>nm{OQ> {H$AmH$) CnbY H$amE JE h& Bg
df h 2000 nmg ~wH$ qqQ>J {H$AmH$> Ama 850 ZmoQ> EgoQ>g
bJmEJo&
o EQ>rE hoVw "AmYma' AmYm[aV ~m`mo{QH$ AmWopQ>Ho$eZ ew$
{H$`m J`m&
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hoem H$s Vah AJUr h& ~H$ Zo `Wm 31.03.2014 H$mo 2000 go A{YH$ Am~mXr
dmbo 4404 Am~{Q>V Jmdm| | 100% {dmr` gmdoeZ hm{gb {H$`m h&
AmnHo$ ~H$ Zo 107.28 bmI ImVo Imobo Ama 6072 H$mamo~a gn{H$`m| H$mo {d{Z`mo{OV
{H$`m h& n`m OmopI emgH$m| Ed gdm}m WmAm| dmbr ~ohVarZ n[aMmbZ
Um{b`m ~ZmB JB h Ama Ab | bmB Om ahr h&
~H$ Zo Bg df Ho$ XmamZ `JmoZ, `mZma | EH$ {V{Z{Y H$m`mb` Ama ~modmZm
| EH$ AZwfJr Imobr h& df Ho$ XmamZ `yOrbS> | hmar AZwfJr Zo AnZr Xygar
emIm Imobr {OgHo$ $bd$n hmar d{H$ CnpW{V ~T>r h&
, ~moS> Ho$ CZ g^r {ZXoeH$m| Ogo lr EZ. eofm{, lr E.Eg.amKdZ, lr Coe
Hw$ma, lr nr.Ama.a{dmohZ Ama lr haqdXa qgh mam {XE JE y`dmZ `moJXmZ
H$mo ^r H$b~X H$aZm MmhJr Omo Bg df Ho$ XmamZ nX go {Zdm hmo JE h& ~H$ H$mo
^maV gaH$ma, ^maVr` [aOd ~H$ Ama ~moS> go Cm gh`moJ Ama ~hy` mJXeZ
{bVm ahm h {OgHo$ {bE ~H$ CZHo$ {V Am^mar h& AnZo H$mamo~mar gh`mo{J`m|,
JmhH$m| Ama eo`aYmaH$m| Ho$ {V ^r Am^ma H$Q> H$aVr h {Ohm|Zo h na AnZm AQy>Q>
{dmg `$ {H$`m h& AnZo {V~ Q>m$ gX`m| H$s ^r egm H$aVr h {OZHo$
AWH$ `mgm| Ho$ {~Zm BZ CnbpY`m| H$mo hm{gb H$aZm w{H$Z Zht Wm& ~H$ H$s
Amoa go Ama gmW hr AnZr Amoa go ^r g^r eo`aYmaH$m| H$mo Y`dmX XoVr h Ama `h
`mem aIVr h {H$ CZH$m gVV gajU, mJXeZ Ama gh`moJ h| {bVm ahoJm&
gmXa,

Your Bank remains one of the front runners in the commitment and
implementation of Financial Inclusion Initiatives. The Bank has achieved
100% Financial Inclusion in all 4404 allotted villages with population
above 2000 as on 31.03.2014. It opened 107.28 lakh accounts and
engaged 6072 Business Correspondents. Robust operational systems
with adequate risk mitigants and best practices have been built up and
are being pursued.
Bank opened one representative office in Yangon, Myanmar and
one subsidiary in Bostwana during the year. Our Banks subsidiary in
Newzealand opened its second branch during the year thus increasing
our global presence.
I wish to place on record the valuable contributions made by the directors
of the Board who demitted office during the year viz. Mr. N. Seshadri, Mr.
M S Raghavan, Mr.Umesh Kumar, Mr. P.R. Ravimohan and Mr.Harvinder
Singh. The Bank thanks the Government of India, the Reserve Bank of
India and the Board from whom it has been receiving excellent support
and valuable guidance. I thank our Business Associates, customers and
shareholders without whose faith and trust, the Bank would not have
reached where it has, today. These accomplishments would not have
been possible but for the tireless efforts of our committed staff members.
On behalf of the Bank and on my personal behalf, I would like to thank all
the stakeholders and look forward to their continued patronage, guidance
and support.
With warm regards,
(Mrs. V.R.Iyer)
Date: May 30, 2014

(lrVr dr. Ama. A`a)


{XZmH$: 30 B, 2014

/ BANK OF INDIA

/ Annual Report 2013-14

{ZXoeH$ [anmoQ
H$m`{ZnmXZ H$s w` ~mV| - {dmr` mZXS> ({dmr df 2013 - 14)

wI {dmr` S>mQ>m
(am{e ` H$amoS> |)

Hw$b H$mamo~ma ( Om+ A{J) 26.44% (df Xa df) H$s d{ XO H$aVo hE


~T>H$a ` 853,202 na Om nhMr&

n[aMmbZ bm^ Ama {Zdb bm^ H$mZwgma ` 8,423 H$amoS> Ama


H$amoS> ahr & n[aMmbZJV bm^ | 12.94% d{ XO H$s JB &

Ho${S>Q> Om AZwnmV {nN>bo df H$s 76.73% H$s VwbZm | 78.88% ahm&

{ddaU
2012-13 2013-14 d{ (%)
9,024
{Zdb `mO Am`
10,831
20.02
3,766
Ja `mO Am`
4,292
13.97
5,332
n[aMmbZ ``
6700
25.66
7,459
n[aMmbZ bm^
8,423
12.94
4,709
mdYmZ/AmH$pH$VmE
5,694
20.89
2,749
{Zdb bm^
2,729
-0.73
{V eo`a AOZ (`)
47.79
44.74
{V eo`a ~hr y` (`)
362
387
Hw$N> {dmr` AZwnmV ZrMo VwV {H$E JE h :
(% |)

2,729

{{lV H mamo~ma (` H amoS )


853202

26.44%
569710

18.45%

674808
627850

1%
426425 16.8

26.05%
498103

143285
23.32%

mM '12
dpdH

mZXS>
2012-13 2013-14
A{J na Am`
8.87
8.45
{Zdoe na Am`
7.81
8.12
{Z{Y`m| na Am`
7.67
7.19
Om am{e`m| H$s bmJV
5.94
5.62
{Z{Y`m| H$s bmJV
5.50
5.14
{Zdb `mO m{OZ
2.38
2.34
n[aMmbZ ``m| Ho$ {V Ja `mO Am`
70.64
64.06
AmgV H$m`erb {Z{Y Ho$ {V A`V Am`
0.90
0.81
AmgV H$m`erb {Z{Y Ho$ {V n[aMmbZ ``
1.28
1.27
AmgV H$m`erb {Z{Y Ho$ {V Q>m$ ``
0.75
0.76
AmgV H$m`erb {Z{Y Ho$ {V A` n[aMmbZ ``
0.53
0.51
AmpV Cn`moJ AZwnmV
1.79
1.60
Hw$b Am` Ho$ {V Ja `mO Am`
10.56
10.17
{Zdb Am` Ho$ {V Ja `mO Am`
29.45
28.38
Hw$b Am` Ho$ {V bmJV
41.69
44.30
B{$Q>r na [aQ>Z (%)
13.62
11.82
AmgV AmpV`m| na [aQ>Z (%)
0.65
0.51
IS>dma H$m`{ZnmXZ
~H$ Zo df 2013-14 Ho$ XmamZ ` 8,423 H$amoS> n[aMmbZ bm^ A{OV {H$`m& QoOar
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H$amoS> hmo JB&

/ BANK OF INDIA

/ Annual Report 2013-14

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31.03.2014
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31.03.2014
am{e
grAmaEAma
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347,702
9

/ BANK OF INDIA

/ Annual Report 2013-14


DIRECTORS REPORT

PERFORMANCE
(FY 2013-14)


HIGHLIGHTS

FINANCIAL

PARAMETERS

Some of the Key Financial Ratios are presented below:


(In %)

Total Business (Deposit + Advances) increased to ` 853,202 crores


reflecting a growth of 26.44 % (y-o-y).
Operating Profit and Net Profit were ` 8,423 crores and ` 2,729
crore respectively. Operating Profit registered a growth of 12.94%
over last year.
Credit Deposit Ratio stood at 78.88% as against 76.73% during last
year.

Parameters

Business Mix (` Crore)


26.44%
569710

674808
627850

1%
426425 16.8

26.05%
498103

225352

176705
143285
23.32%

March '12
(Global)

27.53%

March '13

March '14

(Domestic)

2013-14

Yield on Advances

8.87

8.45

Yield on Investment

7.81

8.12

Yield on Funds

7.67

7.19

Cost of Deposits

5.94

5.62

Cost of Funds

5.50

5.14

Net Interest Margin

2.38

2.34

70.64

64.06

Non Interest Income to Operating


Expenses
Other Income to Average Working Fund

853202

18.45%

2012-13

0.90

0.81

Operating Expenses to Average Working


Fund
Staff Expenses to Average Working Fund

1.28

1.27

0.75

0.76

Other operating Exp. to Average Working


Fund
Asset Utilisation Ratio

0.53

0.51

1.79

1.60

Non-Interest Income to Total Income

10.56

10.17

Non-Interest Income to Net Income

29.45

28.38

Cost to Income Ratio

41.69

44.30

Return on Equity

13.62

11.82

0.65

0.51

Return on Average Assets

(Foreign)

SEGMENT- WISE PERFORMANCE









Retail Credit posted a growth of 32.44% constituting 11.20% of


your Banks Gross Domestic Credit in FY 14.
MSME Credit posted a growth of 21.09% constituting 17.06% of
your Banks Gross Domestic Credit in FY 14.
Net Interest Margin (NIM) for Global Operation was 2.34% and for
domestic Operation was 2.85% during FY 14.
Net NPA to Net Advances stood at 2.00% as against 2.06% during
last year.
Capital Adequacy Ratio (CRAR) as per Basel III stood at 9.97%.
Net Worth improved to ` 24,543 crores registering a rise of
13.52% over last year.
Book Value improved to ` 387.53 from ` 362.37 during last year.
Business Per Employee moved up to ` 19.63 crores from ` 15.82
crores during last year.

The Bank earned an Operating Profit of ` 8,423 crores during the financial
year 2013-14. The contribution made through Treasury operations was
` 1,628 crore, that of wholesale Banking was ` 1,271 crores, and Retail
Banking was ` 932 crores. Your Bank earned a profit after Tax (PAT) of
` 2,729 crores after deducting ` 286 crores of unallocated expenditure
and ` 816 crores towards provision for tax.

PROFIT (` Crore)
8422.90

7458.50

12.93%
6693.95

11.42%

Key Financial Data


(` In crore)

2749.35
2677.52

Particulars
Net Interest Income
Non-Interest Income
Operating Expenses
Operating Profit
Provisions / Contingencies
Net Profit
Earnings per share (`)
Book value per share (`)

2012-13
9,024
3,766
5,332
7,459
4,709
2,749
47.79
362

2013-14
10,831
4,292
6,700
8,423
5,694
2,729
44.74
387

Growth (%)
20.02
13.97
25.66
12.94
20.89
-0.73
-

2729.27
-0.73%

2.68%

March '12

March '13

Operation Profit
Net Profit

10

March '14

/ BANK OF INDIA

/ Annual Report 2013-14

DIVIDEND

A major event Bancon - 2013

During the year your Bank has paid an interim dividend of ` 5/- per share
(on the face value of ` 10/- per share). With a view to conserve capital, no
final dividend is declared by the Board of Directors. During the year the
total dividend payment amounted to ` 375.72 crores (including dividend
distribution tax).

Bancon the flagship Annual Bankers Conference organized by the


Indian Banks Association(IBA), was hosted by the Bank on 15-16
November, 2013 at Mumbai. It was inaugurated by Honble Finance
Minister Shri P.Chidambaram.

CAPITAL
Net worth of your Bank has increased to ` 24,543 crores from ` 21,621
crores during the financial year ended 2013-14. During the year, the
Bank has issued 46,360,686 Equity Shares of ` 10/- each at a price of
` 215.70 amounting to ` 1000 crores to Government of India. In addition
to that an amount of ` 19,922 crores was transferred to Reserves from
the profits earned.

The panelists from Public sector and private sector together


shared valuable insights of various important topics. The highlights
of the conference included special addresses by RBI Governor,
DR. Raghuram Rajan, RBI Dy. Governor, Dr. K.C. Chakarabarty and
World renowned Yogi and Mystic, Sadhguru Jaggi Vasudev.
The Bank was conferred with The most innovative mass retail lender for
under-served segments award.
Redefining banking standard with Techno Enabled Services
ATM Member of National Financial Switch (NFS), Banks Customer
can access more than 1,40,000 ATMs across the country.

During the year, the Bank has also issued Basel-III Compliant Tier-II
bonds for ` 1,500 crores for 10 years maturity, without any call option.

All the Magnetic stripe cards which will be used at Merchant


Establishment would require pin for purchase transaction as an
additional security measure as per RBI.

CAPITAL ADEQUACY
As per Basel III framework, Banks Capital Adequacy Ratio was 9.97%
which was higher than the regulatory requirement of 9%.

Bank has launched chip based Debit and Credit cards.

Details of Capital Adequacy (BASEL II & III) are shown as under:

BOI has enabled E-commerce transactions of Rupay platform.

(` In crore)
Particulars
(Under BASEL II)

31.03.2013

Internet banking Two Factor Authentication Implemented for its


clientele.

31.03.2014

Online Term Deposit Facility with online nomination facility.

Amount

CRAR
(%)

Amount

CRAR
(%)

Tier I Capital

23,019

8.20

26,232

7.57

BOI e-Pay Payment of Utility Bills, Insurance Premia, Credit Card


payments of Specified Banks Property Tax of Specified Municipal
Corporations etc.

Tier II Capital

7,916

2.82

11,062

3.19

Digital Signage at branches

Total Capital

30,935

11.02

37,294

10.76

BOI Sandesh on Line SMS based alerts for ATM Financial


Transactions & Internet Banking Funds Transfer.

280,637

346,754

Application supported by blocked amount (ASBA) for IPOs from


Internet Banking.

Risk Weighted Assets

(` In crore)
Particulars
(Under BASEL III)

As per Finance Ministry Guidelines and recommendations our


corporate web-site (English) has been enabled for persons with
disabilities.

31.03.2014
Amount

CRAR
(%)

23,770

6.84

Hot listing / reset / unblock / change of Debit-cum-ATM Card pin


using Internet Banking Password.

1,389

0.40

Self Service Kiosks Bar-coded passbook printers.

Tier I Capital

25,160

7.24

Tier II Capital

9,499

2.73

Total Capital

34,659

9.97

347,702

Common Equity Tier-I Capital (CET 1)


Additional Tier-1

Risk weighted Assets

Missed call facility to know the balance in SB/CD/OD accounts.


Online Deposit in PPF A/c using internet banking.
Introduction of IMT Instant Money Transfer.

AWARDS & ACCOLADES


Bank received MSME Excellence Award 2013 at the hands of
Deputy Chairman, Planning Commission, Government of India.
Bank received IBA Instituted award at BANCON 2013 for Most
Innovative Mass Retail Lender for under served segments.
Bank has been awarded the Outlook Money Award 2012 for
Best Education Loan provider.
Bank has been rated by Economic Times as the Second Most
Trusted Brand in India among the PSU banks.
Bank has been ranked Second by Ministry of MSME,
Government of India, New Delhi based on its performance in
lending to Micro Enterprises.
Bank has received Best Banker award at the India SME
excellence Awards-2013, for exemplary contribution in Banking
Sector.

11

/ BANK OF INDIA

/ Annual Report 2013-14

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H$sV| gp{bV h& {dH$mgerb Xoem| | 2013 | 4.8 {VeV H$s VwbZm | 2014
| 5.3 {VeV H$s gH$b d{ H$m AZwmZ h& gH$Q> nyU AMmZH$ VoOr Ho$ XmamZ H$s
VwbZm | {dH$mgerb Xoem| | OrS>rnr d{ bJ^J 2.2 {VeV nmBQ> H$Omoa ahoJm&
Yrr J{V go d{ qMVm H$m {df` Zht h `{n Xmo {VhmB go A{YH$ Xr MH$s`
KQ>H$ d{ | X{eV hB VWm EH$ {VhmB go H$ Yrr g^m` d{ | Ano{jV h&

C Am` `yamon | H$e: ~T>V go gH$mamH$ $bmd VWm Kaoby amOd H$s Yrr
J{V VWm ~qH$J jo EH$sH$aU go `yamon VWm ` E{e`m go 2013 | 3.4 {VeV go
2014 | 3.5 {VeV OrS>rnr d{ H$s Yrr J{V Ano{jV h& Cn-ghmaZ A$sH$m
| AnojmH$V nw> Kaoby mJ, {deofH$a moV jo VWm ~w{Z`mXr {Zdoe ^maV | 5.4 go
5.5 {VeV Ho$ bJ^J jor` d{ | ghm`H$ hmoJm& ~mX | AZoH$m| dfm] H$s ~T>Vr
wmp${V VWm Mmby ImVm KmQ>m ~S>o ZH$mamH$ CnmX AVa AW`dWm H$s Yrr
J{V Ho$ gwYma Ho$ H$e: H$ar~ hmoVo JE, {OgH$m 2014 | 5.7 {VeV VH$ ge$
hmoZm g^m{dV h&
Kaoby Am{WH$ n[a`
Ho$r` gmp`H$s` gWm (grEgAmo) Ho$ AZwgma ^maVr` AW`dWm 2013-14
| 4.70 {VeV d{ H$s& df 2012-13 | grEgAmo nwZar{jV hmoZo go C erf
g`m {ZZ-Va nhM JB& 5 {VeV nydmZwmZ go grEgAmo nwZar{jV d{ 4.5
{VeV AZwm{ZV H$s JB& ~ohVa H${f CnmX mam gH$b Kaoby CnmX (OrS>rnr)
d{ 4.7 {VeV ahr&
2013-14 | AW`dWm H$s Yrr d{ wIV`m Ammo{JH$ jo Ho$ H$maU ahr Omo
2012-13 | 3.10 {VeV H$s VwbZm | 0.5 {VeVd{ H$a gH$s O~{H$ H${f jo
| d{ Xa 4.7 {VeV ahr& df 2012-13 | 6.6 {VeV H$s VwbZm | 2013-14
| godm jo H$s d{ Xa 6.8 {VeV ahr& Kaoby VWm gmW hr gmW d{H$ KQ>H$m|
mam {nN>bo Xmo {dmr` dfm] 2011-12 VWm 2012-13 | Xr ~b ahr& Kaoby KQ>H$m|
{Og| m{H$ Zr{V H$s gVr ^r gp{bV h CgHo$ n[aUmd$n {Zdoe VWm d{
H$s Yrr J{V ahr, {deofH$a CmoJ jo |&
Kaoby nj |, 2013-14 | wmp${V ghO ahr gmW hr gmW 2012-13 | C Va
na `m ahr& bo{H$Z {JamdQ> Yrr ahr {Oggo nm{bgr Xa KQ>mZo VWm nyao Ho$b na
m{H$ gwYma Ho$ {bE ^maVr` [aOd ~H$ H$mo nyU bMrbmnZ H$s AZw{V Zht {br&
de 2013-14 | 4.70 {VeV go 2014-15 | 5.5 {VeV d{ Xa XO H$aZo H$m
AZwmZ ^maVr` AW`dWm H$mo h& `{n 2014-15 | VoO J{V go d{H$ gwYma
Ho$ H$maU C d{ Xa H$mo ZH$mam Zht Om gH$Vm h&
amOd KmQ>m Ho$ mbo |, gaH$ma amOd goH$Z Ho$ {bE {V~ h& hmboIm
{Z`H$ mam Omar ZdrZV gyMZm Ho$ AmYma na {dmr` df 2013-14 Ho$ {bE
amOd KmQ>m 4.4% h& `moOZm `` | H$r Ho$ mam Bgo m {H$`m J`m& ~OQ>
AZwmZ Ho$ ` 5.58 bmI H$amoS> Ho$ gmW-gmW 2013-14 hoVw gaH$ma H$m CYma
H$m`H$ ` 5.08 H$amoS> H$ Wm&
Mmby ImVm amOd (grES>r) Zo J{V XemB& A`> V`m| Ho$ gmW gmoZo Ho$ Am`mV |
gwVr go OrS>rnr 1.7 {VeV ahm& wmp${V | H$r XeZ Ho$ gmW gmoZo H$s H$sV
| ^r R>hamd Am`m {Oggo EH$ AmpV Ho$ $n | gmoZo Ho$ AmH$fU | H$r AmB& Bg
H$ma AmJo ^r gmoZo H$s mJ | {JamdQ> nmB OmEJr& {Z`mV Ho$ {dH$mg | A` KQ>H$m|
H$m ^r `moJXmZ h& df 2012-13 Ho$ XmamZ 88 {~{b`Z H$s VwbZm | 2013-14 |
grES>r | 32 {~{b`Z H$s H$r AmB&
AnZo aZAdo Am`mV Ho$ {Z`U | gaH$ma Ho$ `mg Ho$ ~mX nhbo amOd | 11
{VeV H$s VwbZm | 2013-14 | dU VWm MmXr Am`mV 33.46 {~{b`Z go 40
{VeV ahm`m Hw$b Am`mV {~b H$m m 7 {VeV ahm& BgHo$ ~mdOyX dVmZ
{dmrd` df | wmp${V Ho$ H${R>Z ahZo H$s g^mdZm h `m| {H$ H$Omoa mZgyZ Ho$
g^mdZm go Im nXmWm] H$s H$sVm| | d{ hmo gH$Vr h VWm ^mJmo{bH$ ApWaVm
go d{H$ Cn`moJr dVwAm| H$s H$sVm| | d{ hmo gH$Vr h& df 2013-14 | {Z`mV
312 {~{b`Z Wm Omo 2012-13 | 301 {~{b`Z go 3.7{VeV A{YH$ Wm& ^maV
Ho$ dm{U` dVw H$mamo~ma T>mMmJV n[adVZ {H$`m | h {OgHo$ gmW eof E{e`m,
A{$H$m VWm b{Q>Z AarH$m h Omo hmao `mnma nmoQ>$mo{b`mo H$m hdnyU {hgm
~ZZo Om aho h&
AmgV WmoH$ y` gyMH$mH$ (S>`y nmo nrAmB) df 2013-14 | 6.30 go 7 {VeV
Ho$ ~rM | ahm ({d{^ AZwmZm| Ho$ AmYma na) {Og| gpO`m| H$s C H$sVm| H$s
^r A{S>`b ^y{H$m Wr& ~T>Vr wmp${V Ho$ gmW, `h Ano{jV h {H$ {dmr` df
2014-15 | WmoH$ y` gyMH$mH$ AmgVZ 5.8 {VeV ah gH$Vm h&
12

/ BANK OF INDIA

{dmr` df 2014-15 Ho$ {bE {>H$moU


2013-14 | AmgV d{ 4.70 {VeV H$s VwbZm | {d{^ EO|{g`m| Ho$ AZwmZ
Ho$ AZwgma 2014-15 | AmgV d{ Xa bJ^J 5.50 {VeV ahoJm& 2013-14 |
Ammo{JH$ d{ | AmB Xr H$s 2014-15 | gwYaZo H$s VWm J{V H$s g^mdZm h&
AW`dWm | gwYma H$s g^mdZm h qH$Vw T>mMmJV mJmdamoY go {ZnQ>Zm Amd`H$
h&
E{e`Z So>dbonQ> ~H$ Zo H$hm h {H$ gVV p${V, amOH$mofr` KmQ>m, {Zdoe Ho$
mJmdamoY VWm AjVm {OgHo$ {bE T>mMmJV gwYma Amd`H$Vm Ho$ AZwgaU |
H${`m h& {dH$mg Xa | {dH${gV {Zdoe VWm Cn^moJ H$s hdnyU ^y{H$m hmoZr
Mm{hE& wmp${V {Z{hV hmoZr Mm{hE AWdm gV m{H$ Co` H$s {ZaVaVm
A{Zdm` h&
`yEg VWm `yamo jo | ~ohVa d{ go ~m mJ H$mo g^mbZo H$s Anojm h VWm wm
{V`mo{JVm Ho$ ~ohVa hmoZo H$s g^mdZm h& 2014-15 | mZgyZ H$s ^{d`dmUr
gmm` go Hw$N> H$ hmoZo H$s h Omo bJ^J 95 {VeV h VWm qMVm H$m {df`
h& `{n Eb ZrZmo mam ~m{YV mZgyZ go Imm H$r H$s g^mdZm hmo gH$Vr
h& ^maVr` mg {dkmZ Zo 2014 Ho$ {bE AnZo W ^{d`dmUr | H$hm h {H$
X{jUnyd mZgyZ 95 {VeV VH$ gmm` ahoJm Omo XrKH$mbrZ AmgV bJ^J 89
g|Q>rrQ>a hmoJm&
~qH$J CmoJ - {dH$mg {>H$moU
~qH$J jo H$s d{ H$m Jham g~Y ^maVr` AW`dWm go h {OgHo$ 2015 go
2016 Ho$ ` 5.5-6 {VeV Xa go ~T>Zo H$s g^mdZm h& ~qH$J CmoJ Am{WH$
{dVma VWm ghm`H$ gaH$mar Zr{V`m| go bm^ m H$aoJm `m|{H$ BgHo$ H$maU d{H$
AW`dWm | AmE CVma-MT>md VWm ^yamOZr{VH$ `dYmZ go ajm m hmoJr& BgHo$
A{V[a$ {V `{$ Am` | d{ hmoJr, ~qH$J OmJ$H$Vm H$m {dVma hmoJm VWm
A{YH$ bmoJ ~qH$J go OwS>|Jo&
mJ | d{ VWm ~H$m| | {`mXr Om | d{ Ho$ n[aUmd$n wm Amny{V (E 3)
| d{ hmoJr& wm Amny{V (E 3) | d{ ^maVr` [aOd ~H$ Ho$ AZwm{ZV 13%
d{ go AmJo {ZH$bZo | ghm`H$ hmoJr& E$grEZAma (~r) AWdm A{Zdmgr {dXoer
wm (~H$) Omam{e`m| go Omam{e d{ | {dH$mg Ano{jV h {Og| ^mdembr T>J
go d{ hmo ahr h& BgHo$ {bE ^maVr` [aOd ~H$ H$mo Y`dmX& VrZ hrZm| {gV~a
go Zd~a Ad{Y Ho$ ~rM E$grEZAma (~r) Omam{e`m VWm {dXoer wm CYma H$mo
AmH${fV H$aZo Ho$ {bE ^maVr` [aOd ~H$ Zo {deof Ny>Q> S>mba dn {dS>mo H$s KmofUm
H$s {OgHo$ mam 34 {~{b`Z m hAm VWm nE H$mo Mwa pWaVm XmZ H$aZo |
gw{dYm {br& ^maVr` [aOd ~H$ H$s {nN>br Zr{V KmofUm Ho$ ~mX Omam{e | d{
hB VWm n[aUmd$n {d{^ ~H$m| mam Omam{e Xa | d{ H$s JB& O~{H$ ~H$m|
Zo {d{^ n[an$Vm Ho$ Xam| | n[adVZ {H$`m, ` 1 H$amoS> go H$ dJ | Anmd{Y
| A{YH$me C nwZarjU nmE JE& OZVm Ho$ gmW H$a|gr d{ | ^r VoOr AmB&
dm{fH$ E 3 d{ Xa 15.1 {VeV go ^maVr` [aOd ~H$ Ho$ {ZXeH$ q~Xw go AmJo
{ZH$b Jm VWm {nN>bo df H$s VwbZm go 13.1 {VeV C ahm Omo wIV`m mJ
Omam{e VWm gmd{Y Omam{e | ~T>o H$a|gr Ho$ H$maU hAm& BgHo$ A{V[a$ OZVm
Ho$ gmW H$a|gr Omo `mnH$ wm H$m A` wI KQ>H$ h Cg| ^r Vrd d{ hB&
2013-14 Ho$ XmamZ d{erb `{$JV F$U VoOr go C^am& {nN>bo df H$s VwbZm
CZH$s d{ 21.2 {VeV XemVo hE ` 1.39 {Q{b`Z hB& df Ho$ XmamZ d{erb
Amdmg F$U VWm Cn^mo$m dVwAm| | VoOr go d{ hB& `h df Ho$ XmamZ H$ma {~H$s
| AmB {JamdQ> Ho$ AZwgaU | ahm& d{erb `{$JV F$U | ~ohVa d{ Ho$ H$maU
{nN>bo df 14.7 {VeV H$s VwbZm | m{$JV F$U | 15.5 {VeV d{ hB&
Ja Im F$U Ho$ 45 {VeV H$m {OooXma Ammo{JH$ jo ahm& df 2013-14 |
bJmVma Xygao df Ammo{JH$ jo mam Hw$b `mnma F$U | {JamdQ> nmB JB& {nN>bo
df H$s VwbZm | 2013-14 | {JamdQ> 0.1 {VeV go ` 2.93 {Q{b`Z ahr& AJV
-{gV~a 2013 Ho$ XmamZ d{erb F$U | VoOr Ho$ ~mdOyX ^r {JamdQ> ahr& {Zdoe
H$s {JaVr J{V{d{Y`m| gJ Ammo{JH$ CnmX | H$r Ho$ H$maU Bg df F$U H$
ahm& Ammo{JH$ jo Ho$ ~H$m`m F$U | d{ | 15.1 {VeV go 2012-13 | 13.1
{VeV H$r AmB& IZZ Ama CIZZ, H$nS>m, noQmo{b`, Ho${H$b CnmX, {g|Q>,
~o{gH$ oQ>b VWm COm CmoJ | df Ho$ XmamZ F$U | {JamdQ> AmB& dm{UpH$ nona
(grnr) go AbJ H$mnm}aoQ> Ho$ {dmr` mW{H$VmE n[ad{VV hB VWm AJV-{gV~a

/ Annual Report 2013-14

2013 Ho$ XmamZ F$U | A` F$U {bIVm| H$s VoOr AmB&


15-31 OwbmB 2013 Ho$ XmamZ {d{Z` Xa Ho$ X~md H$mo H$ H$aZo Ho$ {bE ^maVr`
[aOd ~H$ Zo Mb {Z{Y H$mo gr{V H$aZo Ho$ Cnm`m| H$mo H$m`mpdV {H$`m& Bg|
EEgE$ Xa 200 ~rnrEg go 10.25 {VeV ~T>mZm gp{bV h VWm EZS>rQ>rEb
Ho$ EbEE$ CYma H$mo 0.5 {VeV gr{V H$aZm Ama grAmaAma Amd`H$VmAm|
H$mo {V{XZ `yZV 70 {VeV go 99 {VeV ~T>mZm h& Bggo wm ~mOma Xam| |
Vrd d{ hB& n[aUmd$n dm{UpH$ nona (grnr) mam ~mOma CYma VWm A`
F$U {bIV hJo hmo JE& AVEd H$mnm}aoQ> Zo F$U {bIVm| am{e d{ go ~MZm Ama^
{H$`m VWm AnZr H$m`erb nyOr Amd`H$VmAm| Ho$ {bE ~H$ Zo {dmnmofU H$s Amoa
~T>Zm Ama^ {H$`m&
{dmnmofU M`Z | n[adVZ go grnr VWm A` F$U {bIVm| go br JB am{e | H$m$s
{JamdQ> ^r {XIZm Ama^ hAm& grnr Ho$ Omar H$aZo go m {Z{Y {gV~a 2013
{Vmhr | `1.11 {Q{b`Z XO hAm Omo Zm {Vm{h`m| | g~go H$ Wm& {nN>br Mma
{Vm{h`m| | grnr mam m AmgV am{e go `h 44.7 {VeV H$ Wm& BgHo$ ~mX
grEAmBB H$mnm}aoQ> F$U S>mQ>m~og Ho$ AZwgma {nN>br {Vmhr H$s VwbZm | {gV~a
2013 {Vmhr Ho$ XmamZ Mma dfm] | `yZ ` 427.11 {~{b`Z A` F$U {bIV ahm
{Og| 51.5 {VeV H$s {JamdQ> ahr&
AJV-{gV~a 2013 Ho$ XmamZ F$U | `{X AgmYmaU d{ XO Z H$s JB hmoVr
Vmo 2013-14 Ho$ XmamZ d{erb F$U | H$r AmB hmoVr& dVwV: AJV-{gV~a
Ad{Y H$mo N>moS>H$a {nN>bo df Bgr Ad{Y H$s VwbZm | 2013-14 | d{erb F$U
| 7.6 {VeV H$s H$r AmB& godm jo VWm H${f Ed g~{YV J{V{d{Y`m| VWm
`{$JV F$U | 2013-14 | d{erb F$U | AN>r d{ XO H$s JB& df Ho$
XmamZ Ammo{JH$ jo mam F$U boZo | Am{eH$ H$r AmB& {nN>bo df H$s VwbZm |
godm jo H$mo d{erb F$U | 43.6 {VeV H$s d{ hB Omo 2013-14 | `1.85
{Q{b`Z XO H$aVo hE A~ VH$ H$s CV CnbpY ahr& n[aUmd$n, {nN>bo
df Ho$ m 12.6 {VeV H$s VwbZm | godm jo | F$U d{ 16.1 {VeV ahr&
d{erb F$U | `h ~T>V n[adhZ n[aMmbH$, Qy>[a, hmoQ>b VWm aoQ>maQ>, {eqnJ,
dm{UpH$ [a`b BQ>oQ> VWm EZ~rE$gr jo mam dW> F$U Ho$ H$maU ahm&
CmoJ Ho$ AmH$ma Ho$ dJuH$aU Ho$ AmYma na, 2013-14 Ho$ XmamZ ~S>o CmoJm| mam
F$U m H$aZo | 9.2 {VeV go ` 2.23 {Q{b`Z H$s {JamdQ> AmB& `{n, Bg
{JamdQ> H$m gm`moOZ gy VWm bKw CmoJ F$U | d{ ahr Omo 20.1 {VeV go
23.7 {VeV VH$ ~T>V XO H$s&
O~{H$ S>mba ~{hdmh Ho$ H$maU Mb {Z{Y H$m$s gr{V ahr, Omam{e d{ go
F$U d{ AmJo {ZH$b JB VWm gaH$ma Ho$ ~mOma CYma | d{ hB, EH$ bJmVma
MwV moV go H$aogr n[aMmbZ | d{ hB& ^maVr` [aOd ~H$ Ho$ AmH$S>o XemVo h
{H$ 2013-14 | OZVm | H$agr H$s d{ 9.4 {VeV go ` 13 bmI H$amoS> hB&
`h {nN>bo df H$s 11.6 {VeV d{ VWm 2011-12 | 12.2 {VeV d{ na
AmYm[aV Wr& Bg df Ho$ XmamZ, AmgV Vma na, ^maVr` [aOd ~H$ Zo AnZo X{ZH$
$n | aonmo AmgZ Ho$ mam ~H$m| | ` 60,000 H$amoS> {X`m& BgHo$ D$na Ho$r` ~H$
Zo ~mS> IarX Ho$ mam ` 16,000 H$amoS> S>mbm VWm {d{^ H$m`H$mb Ho$ Q> aonmo Ho$
mam bJ^J ` 1 bmI H$amoS> XmZ {H$`m& OZVm Ho$ nmg H$aogr dfmZwdf 9 {VeV
VH$ ~T> JB& {nN>bo dfm] | Xmo {S>{OQ> IwXam wmp${V Zo OZVm | H$aogr YmaU |
d{ H$s& {dmr` AmpV`m| | {Zdoe, {deofH$a ~H$ Omam{e`m| | {JamdQ> AmB VWm
^m{VH$ AmpV`m| Ogo [a`b BQ>oQ> VWm gmoZo | ZH$Xr | C d{ hB&
EH$ jo {Og| ~H$ H$mo AnZr CoIZr` ^y{H$m {Z^mZr h dh h {dmr` gmdoeZ&
df 2011 | {d ~H$ mam Am`mo{OV gd} | H$hm J`m h {H$ AmnMm[aH$ ~qH$J
gWmZ | ^maV Ho$ gV d`H$m| H$m Ho$db 35 {VeV ImVm h& O~{H$ `h
AmH$S>m {ZYZV Am` | 21 {VeV h& Xoe | `h {dmr` gmdoe Ho$ Amnma
Adga H$mo n> H$aVm h {Oggo ^mdr d{ H$s Om gH$Vr h& BgHo$ A{V[a$ [aOd
~H$ H$s Zr{V`m| Zo {dmr` gmdoeZ H$mo mW{H$Vm Xr h Omo EH$ Adga XoVr h
Omo Xmo~mam X{eV Zht hmo gH$Vr h& ^maV gaH$ma Zo gy{MV {H$`m h {H$ 2,000 go
A{YH$ OZg`m dmbo Jmd | H$ go H$ EH$ emIm ImobZr h VWm ~m Jmdm| H$mo
^r H$da H$aZm h& ~H$ Ho$ {bE `h ^r Amd`H$ h {H$ dh ~moS> AZwmo{XV {dmr`
gmdoeZ `moOZm {Z${nV H$ao {OgHo$ H$m`md`Z H$s {ZJamZr ^maVr` [aOd ~H$ mam
H$s OmEJr& ^maV gaH$ma Zo EQ>rE VWm mo~mBb/AmZbmBZ ~qH$J gw{dYmE XmZ
H$a {dmr gmdoeZ H$mo AmJo ~T>mZo H$m b` aIm h& BgHo$ A{V[a$, {deofkm| H$s
13

/ BANK OF INDIA

/ Annual Report 2013-14

`h gbmh h {H$ AmZodmbo XeH$ | EQ>rE H$s g`m | nmM JwZm d{ H$s OmZr
Mm{hE& ^maV | mo~mBb ~qH$J MZb H$m `moJ Zht {H$`m J`m h, 900 {{b`Z
~H$ ImVo mo~mBb go OwS>o h& `h jo ^maVr` ~qH$J CmoJ Ho$ {bE {d{dY Adga
XmZ H$aVm h&
`{n, ^maV | ~H$ Hw$N> MwZm{V`m| H$m gmZm H$a aho h& do ~ogb-III mZH$m| Ho$
AZw$n nyOr BH$>m H$a aho h, AmpV JwUdmm> wm| Ho$ gmW-gmW nwZJR>Z T>mMo VWm
mZd ggmYZ ~YZ mbm| | d{ H$a aho h& oH$ZOr [anmoQ> H$s gbmh h {H$
^maV | ~H$m| H$mo yb (H$moa) VWm {deofk H$meb Ho$ XmoZm| H$Mm[a`m| H$s {Z`w{$
H$aZr h VWm H${Z> Va na gKfU H$mo {Z`{V H$aZm h& CnmXH$Vm {dH$mg Ogo
kmZ {H$`m H$m nwZ: A{^`rH$aU, mmo{JH$s H$m ~ohVa Cn`moJ VWm CmoJ Var
Cn`mo{JVm go {H$gr {ZOr ^maVr` ~H$m| H$mo {deof bm^ Zht hAm h&
H$mamo~ma grjm
Omam{e`m
df Ho$ XmamZ ~H$ H$s Omam{e H$m ` 47,6974 H$amoS> go ` 95,134 H$amoS> VH$
d{ hB h {OgZo 24.91% H$s d{ XO H$aVo hE [aH$mS> H$m` {H$`m h& {nN>bo
df H$s VwbZm | Kaoby Omam{e Zo ` 69,523 H$amoS> d{ XemB Omo 23.64% ahr&

gH b A{J (` H amoS )
376228
292968

476974

91%

24.
381840
318216

19.99%

363590

248475

294067

23.64%

18.35%

113384
87773
69741
25.86%
29.18%

mM '12

mM '13

dpdH

Xoer

mM '14
{dXoer

~MV ~H$ Omam{e`m| Zo 13.12% H$s d{ XO H$s Ama Mmby Omam{e`mo Zo 9.31%
H$s d{ XemB& ~MV VWm Mmby Omam{e`m| H$mo {bmH$a H$ bmJV Omam{e`m| H$s
d{ Hw$b Kaoby Omam{e`m| | 29.97% ahr& ~H$ H$m Omam{e AmYma {d{dY H$ma
H$m ahm {Og| 12% H$m Kaoby Om JmrU jom| go AmVm h, 18% ehar jom| go
VWm 57% hmZJar` jo go AmVm h& 31 mM 2014 VH$ ~H$ H$m JmhH$ AmYma
77.34 {{b`Z CYmaH$Vm h&
A{J
{nN>bo {dmr` df 2012-13 | 14.66% d{ Xa H$s VwbZm | ~H$ H$m gH$b
Kaoby F$U 29.52% H$s d{ XO {H$`m Omo 31.03.2013 H$mo 204,036 H$amoS> go
31.03.2014 H$mo 264,260 H$amoS> ahr& gmdO{ZH$ jo H$s BH$mB`m| VWm gmdO{ZH$
jo H$n{Z`m| | ZE VWm dVmZ | d{erb F$U g{dVaU VWm EZ~rE$gr Zo C
d{ | `moJXmZ {X`m&
~hX H$mnm}aoQ> | VH$mb g{dVaU, ` H$mnm}aoQ>, EgEB VWm H${f jo Mwa F$U
d{ | ghm`H$ aho&
~H$ Zo df Ho$ XmamZ Z`m H$mamo~ma {d^mJ Wm{nV {H$`m {Oggo ZE JmhH$m| H$mo m
H$aZo | gw{dYm hmo gHo$ VWm F$U d{ JwUdmm, | d{ hmo gHo$&

264260

16.49%
204036
177950

29.52%
14.66%
111968
88932
73544

25.90%

20.92%

mM '12
dpdH

Hw b Om am{e (` H amoS )

28.42%

251494

mM '13
Xoer

mM '14
{dXoer

{dmr` df Ho$ XmamZ ~H$ Zo 164 ZE H$mnm}aoQ> JmhH$m| H$mo gp{bV {H$`m& ~H$ Zo
10 ~hX H$mnm}aoQ> ~qH$J emImAm|, 41 ` H$mnm}aoQ> emImAm| Ho$ mam H$mnm}aoQ>/{S>
H$mnm}aoQ> H$s {deofrH$V Amd`H$VmAm| H$s ny{V H$s& [aQ>ob, EgEB VWm H${f Ho$
A` JmhH$m| H$s Amd`H$VmAm| H$s ny{V 4650 Kaoby emImAm| go H$s Om gH$Vr h&
5 hm{nm| | ~H$ Ho$ 56 {dXoer Ho$> h Omo {Z`mVH$m| VWm {dXoer JmhH$m| H$s F$U
Amd`H$VmAm| H$s ny{V H$aVo h&
yb^yV gw{dYmJV {dmnmofU
df Ho$ XmamZ, yb^yV gw{dYmE n[a`moOZm Ho$ AVJV ZE VWm dVmZ ImVo | COm,
XyagMma, amoS>, ~XaJmh VWm A` yb^yV gw{dYmAm| H$mo H$da H$aVo hE ~H$ Zo nyOr
AmYm[aV grm H$m ` 16,626 H$amoS> VWm Ja nyOr AmYm[aV grm H$m ` 4,367
H$amoS> drH$V {H$`m&
Bg jo | ~H$ H$m gh`moJ Omar ahm VWm A{V[a$ ` 8,863 H$amoS> H$m g{dVaU
hAm {Og| 52% COm jo | VWm 28% gS>H$ VWm ~XaJmh n[a`moOZm | bJm&
H$mnm}aoQ> F$U
H$mnm}aoQ> JmhH$m| H$mo ~H$ Zo {deofrH$V emImAm| Ho$ mam F$U XmZ {H$`m Omo gH$b
Kaoby F$U H$m 54% `moJXmZ XoVo h&
wI eham| | 10 ~hX H$mnm}aoQ> emImE pWV h Omo Xoe Ho$ wI H$mnm}aoQ> w~B,
ZB {Xr, H$mobH$mVm, Moo, ~|Jbw$, hXam~mX, AhXm~mX VWm nwUo H$mo godmE XmZ
H$aVr h& C$ Ho$ g{hV eof wI H$mamo~ma H$mo {S> H$mnm}aoQ> F$U {d^mJ, YmZ
H$m`mb` go g~ h VWm Ho${S>Q> mogoqgJ gob go gpmV h&
~hX H$mnm}aoQ>
31.03.2014 VH$ Hw$b Kaoby A{J | ~hX H$mnm}aoQ> emImAm| Ho$ mam A{J 41%
h& Ebgr~r Ho$ mam H$mnm}aoQ> | A{J 31.03.2013 H$mo ` 84,047 H$amoS> go ~T>H$a
31.03.2014 H$mo `1,10,651 H$amoS> hmo J`m Omo {nN>bo df H$s VwbZm | 31.65%
d{ XemVm h&
~hX H$mnm}aoQ> emImE, ~hX H$mnm}aoQ> H$mo godmE XmZ H$aVr h {OgH$s Hw$b
{~H$s ` 500 H$amoS> go A{YH$ h, ` 100 H$amoS> go A{YH$ n[a`moOZm bmJV
VWm yb^yV gw{dYmE, EZ~rE$gr VWm nrEg`y h& Bg na {deof `mZ XoZo Ho$
{bE VWm {VdVZ H$mb H$ H$aZo Ho$ {bE `oH$ Ebgr~r | Ho${S>Q> mogoqgJ
Ho$ Wm{nV {H$`m J`m h Omo grYo YmZ H$m`mb` H$mo [anmoQ> H$aVm h&
H$mnm}aoQ> H$s A`$ Amd`H$VmAm| Ogo ZH$Xr ~YZ, $maog, H$mofmJma CnmX,
QoS> {dmnmofU, Omam{e`m, IwXam ~qH$J VWm VVr` nj CnmX Ogo ~rm VWm
`wMwAb $S> | Anmd{Y {Zdoe H$s ny{V Ho$ {bE EH$ Ho$r` gnH$ ~YH$
H$s gw{dYm XmZ H$s JB h&
14

/ BANK OF INDIA

F$U gH$aU H$s {d^m{OV ^y{H$m, F$U Q>r brS>a H$mo [anmoQ> H$aZodmbo
gnH$s$ ~YH$ VWm emIm ~YH$ H$s ^y{H$m mam OmopI H$mo H$ H$aZm
gw{Z{V {H$`m Om gH$Vm h& ~hX H$mnm}aoQ> emImAm| | gH$V F$U Vmd
grYo YmZ H$m`mb`, ~hX H$mnm}aoQ> hm~YH$ H$mo ^oOm OmVm h& Bggo
{VdVZ H$mb | H$r AmVr h&
YmZ H$m`mb` Va na VWm gmW hr gmW ~hX H$mnm}aoQ> emImAm| Ho$ bp~V
Vmdm|/gX^m] Ho$ {ZJamZr Ho$ {bE ~H$ Zo {gQ> {Z{V {H$`m h&
wI CmoJ/godm jom| Ogo yb^yV gw{dYmAm|, Q>rb, d, EZ~rE$gr,
nrEg`y Am{X Ho$ H$mnm}aoQ> H$mo BZ ~hX H$mnm}aoQ> emImAm| mam godm XmZ H$s
OmVr h&
{S> H$mnm}aoQ>
gnyU Ammo{JH$ {dH$mg | {S> H$mnm}aoQ> H$s ^y{H$m H$mo {>JV aIVo hE ~H$ Zo
AbJ d{Q>H$b ~ZmZo H$m {ZU` {b`m VWm 7 {S>{dOZb H$m`mb` VWm 41 {S>
H$mnm}aoQ> emImAm| H$mo Imobm& Vmdm| Ho$ gH$aU Ho$ {bE 12 F$U gH$aU Ho$m|
(grngr) H$s WmnZm H$s JB&
Bg jo | `mnH$ g^mdZmAm| go bm^ m H$aZo Ho$ {bE {S> H$mnm}aoQ> d{Q>H$b H$s
WmnZm H$s JB Omo H$ OmopI | C bm^ XmZ H$aVm h&
{S> H$mnm}aoQ> emImE `100 H$amoS> go `500 H$amoS> Ho$ ` Hw$b {~H$s {S> H$mnm}aoQ>
H$mo XmZ H$aVr h VWm n[a`moOZm bmJV `10 H$amoS> go `100 H$amoS> Ho$ ~rM | h
Omo ~w{b`Z VWm S>m`S> jo Ho$ JmhH$m| Ho$ A{V[a$ h&
Hw$b Kaoby F$U nmoQ>$mo{b`mo H$m 12.91% `moJXmZ {S> H$mnm}aoQ> d{Q>H$b H$m hmoVm h&
{dmr` df 2013-14 Ho$ XmamZ {S>H$mnm}aoQ> emImAm| Ho$ AVJV Hw$b F$U `30,949
go ~T>H$a `34,923 H$amoS> hmo J`m VWm 12.48% H$s d{ XO H$s&
Z`m H$mamo~ma
OZdar 2014 | Z`m H$mamo~ma {d^mJ Wm{nV {H$`m J`m {OgH$m Co` nrEg`y,
{S> VWm bmO H$mnm}aoQ> go Z`m H$mamo~mar [aVm H$m` H$aZm h& Ohm hmam ~qH$J
[aVm Zht h dhm ~qH$J gw{dYmAm| H$m JwbXVm XmZ H$a JmhH$ H$s Anojm AZwgma
CnmXm| H$mo ~Zm`m OmE& Bg {d^mJ Ho$ wI hm~YH$ h&
3 mh H$s Anmd{Y |, {d^mJ gmdO{ZH$ VWm {ZOr jo Ho$ H$m$s Cm| go [aVm
{Z{V H$aZo | g$b ahm& wI npbH$ goQ>a H$n{Z`m| | g{dVaU | H$m$s d{
hB& {{S>` Q> bmZ Ho$ $n | Z`m H$mamo~ma {d^mJ Zo {S> VWm bmO H$mnm}
aoQ> jo go ZE JmhH$m| H$mo AN>r g`m | m H$aZo H$s `moOZm ~ZmB& {dmr`
pW{V`m| Ho$ {dcofU Ho$ ~mX bJ^J 950 H$mnm}aoQ> H$mo {d^mJ Zo M`{ZV {H$`m VWm
H$mnm}aoQ> H$s ^mJmo{bH$ CnpW{V Ho$ AZwgma gyMr H$mo {S> VWm bmO H$mnm}aoQ> emImAm|
VWm AmM{bH$ H$m`mb`m| | Ama{^H$ [aVm {Z{V H$aZo Ho$ Co` go n[aMm{bV
{H$`m& Xygao H$X Ho$ $n | g^m{dV JmhH$m| go {bZo, CZH$s Amd`H$VmAm| H$mo
gPZo VWm CZH$s Amd`H$VmAm| Ho$ AZw$n CnmX H$mo d$n XoZo Ho$ {bE {d^mJ
Zo emImAm|/AMbm| H$mo g^r bm{OpQ>H$ gh`moJ XmZ {H$`m& Bg {Xem | AmJo ~T>Vo
hE ~H$ H$s $sg AmYm[aV Am` H$mo ~T>mZo Ho$ {bE qg{S>Ho$eZ VWm moOoQ> $mBZmg
H$mamo~ma m$ H$aZo Ho$ {bE {d^mJ Zo Vm{dV {H$`m&
n[a`moOZm {dmnmofU VWm qg{S>Ho$eZ
~H$ Zo n[a`moOZm {dmnmofU VWm qg{S>Ho$eZ gyh | C AZw^dr VWm {e{jV
moo$eZg H$m`aV h& `h yb^yV gw{dYmAm| VWm Ammo{JH$ n[a`moOZmAm| Ho$
Vmdm| na H$m` H$aVo h&
`h VH${ZH$s AoOb, AS>aamBqQ>J VWm F$U qg{S>Ho$eZ H$m H$m` H$aVm h& df
2013-14 Ho$ XmamZ `6,915 H$amoS> Ho$ n[a`moOZm bmJV g{hV {dmr` bmoOa {H$`m
J`m VWm qg{S>Ho$eZ F$U `4768 H$amoS> ahm&
AVam>r` qg{S>Ho$eZ F$U Ho$ {bE ~H$ ZSo>Q>oS> brS> AaoOa (EEbE) VWm dmBQ>
~wH$ aZa (Oo~rAma) Ho$ $n | H$m` H$aVm h VWm CmoJ Ho$ `mnH$ a|O H$mo H$da
H$aVo hE ^maVr` H$mnm}aoQ> Ho$ {dVma/A{YJhU VWm g`w$ doMg Ho$ {bE F$U H$s
`dWm H$aVm h&

/ Annual Report 2013-14

Q>o{ZH$b AoOb {d^mJ Omo qg{S>Ho$eZ Q>r H$mo gh`moJ XmZ H$aVm h dh
qg{S>Ho$eZ F$U Ho$ A{V[a$ Ammo{JH$ F$U H$m y`mH$Z H$aVm h& Bg Q>r |
moo$eZb B{OZr`a ahVo h Omo df Ho$ {bE mmo{JH$s g~{YV OmopI H$m y`mH$Z
H$aVo h VWm ~H$ H$mo Ammo{JH$ AmpV`m| H$s JwUdmm {dH$mg | gW ~ZmVo h& Bg
{d^mJ Zo df Ho$ {bE `15.90 H$amoS> H$m $sg AmYm[aV Am` A{OV H$s&
{Z`mV F$U
Am`mVH$m| VWm {Z`mVH$m| JmhH$m| H$s Kaoby VWm {dXoer wm H$s Amd`H$VmAm| H$s
ny{V ~H$ Ho$ wI H$m`m] | go EH$ h& Bg {Xem | H$m` H$aZo Ho$ {bE nyao Xoe | ~H$
H$s 217 emImE A{YH$V h Omo Am`mVH$m| VWm {Z`mVH$m| Ho$ F$U/{dXoer {d{Z`
Amd`H$VmAm| H$mo nyam H$aVr h VWm {dXoer {d{Z` H$mamo~ma H$aVr h& ~H$ Ho$
{Z`mV F$U Zo `1,898 H$amoS> H$s d{ XO H$s h `Wm mM 2013 Ho$ 21% d{
31 mM 2014 H$mo `10,997 VH$ nhM JB& ZoQ> g`mo{OV ~H$ F$U Ho$ {Z`mV F$U
H$s {hgoXmar mM 2014 H$mo 4.15% Wr&
{Z`mVH$m| VWm Ja-{Z`mVH$m| XmoZm| H$s {dmr` Amd`H$VmAm| H$s ny{V ~H$ H$s {dXoer
emImAm| Ho$ Bgr~r Ho$ mam H$s OmVr h VWm Kaoby emImAm| mam {dXoer wm F$U H$m
H$m` {H$`m OmVm h& Bg H$ma Ho$ A{J H$s am{e 31.03.2014 VH$ `yEgS>r 447
{{b`Z h (BgrH$s `yEgS>r na {{b`Z VWm {dXoer wm F$U `yEgS>r 405 {{b`Z
{bmH$a h) Omo `2,678 H$amoS> Ho$ ~am~a h& ~H$ {dXoer wm | nmoVbXmZ-nyd VWm
nmoVbXmZ-nmV {Z`mV F$U XmZ H$aVm h VWm 31.03.2014 VH$ ~H$m`m am{e
`yEgS>r 585 {{b`Z h (`3,505 H$amoS> Ho$ ~am~a)&
boZ-XoZ (QmOoeZ) ~qH$J
~H$ H$m QmOeZ ~qH$J {d^mJ 3 H$mamo~mar bmBZ na Ho$pV h, {Og| ~H$ Ho$ wI
amOd mH$Vm H$m Co` h Omo {ZZ{bpIV h :ZH$Xr ~YZ godmE,
MZb {dmnmofU,
QoS> {dmnmofU, VWm
~H$ Ho$ H$mnm}aoQ> VWm CM {Zdb m{bV (EMEZS>`y) JmhH$m| Ho$ Ka na godmE
XmZ H$aZm, ZH$Xr m H$aZm (ma ma ~qH$J) g^r emImAm| Ho$ {bE h& b`
{H$E JE JmhH$m| go Bg {df`H$ gH$mammH$ {V{H$`m m hB h {Oh| ~H$ go {demb
am{e H$mo bmZo-bo-OmZo H$s {MVmAm| go Nw>Q>H$mam {bm& df 2013-14 Ho$ XmamZ ~H$
Zo {dnUZ H$m {deof `mg {H$`m VWm N>mrgJT> (am`nwa AMb), PmaIS> (amMr
AMb), CmamMb (Jm{O`m~mX AMb), Amgm VWm oKmb` ({gbrJwS>r AMb)
Ho$ gaH$ma go gnH$ H$m ~ohVa n[aUm m {H$`m&
AVam>r` ~qH$J
5 hm{nm| VWm 22 Xoem| H$s CnpW{V | ~H$ g^r wI {dmr` Ho$m| Ogo bXZ,
`y`mH$, no[ag, Q>mo`mo, qgJmnwa VWm hmJH$mJ | godmE XmZ H$aVm h& 31.03.2014
VH$ ~H$ H$s 56 {dXoer emImAm| H$m ZoQ>dH$ Wm{nV hAm {Og| 5 {V{Z{Y
H$m`mb` 5 gpgS>arO VWm/OmBQ> doMa h&
g^r Ho$mo {$ZoH$b booQ>$m na H$m`aV h {Oggo ~YZ {dH$mg Umbr VWm JmhH$
godm | {dH$mg hAm h&
Q>r H$a|gr AVam>r` qgS>rHo$eZ F$U Ho$ {bE ~H$ So>Q>oS> brS> ZoOa (EEbE)
VWm OmBQ> ~wH$ aZa (Oo~rAma) Ho$ $n | H$m H$aVm h VWm ^maVr` H$mnm}aoQ> H$mo
CZHo$ {dVmma/A{YJhU VWm OmBQ> doMg g{hV `mnH$ CmoJ H$mo H$da H$aVo hE
`yEgS>r, OonrdmB, `yamo VWm Or~rnr wm | F$U H$s `>dWm H$aVm h&
w~B o ~H$ H$m bmo~b ao{Q>og Ho$ (OrAmagr) h& AmdH$ ao{Q>og, A{Zdmgr
^maVr`m| H$m EZAmaAmB/EZAmaAmo ImVm ImobZo H$m H$m` OrAmagr | Ho$rH$V h&
Omam{e`m| VWm YZofU Ho$ mbo | A{Zdmgr JmhH$m| hoVw godmE h {Og| YZofU
Ho$ {bE EgEEg AbQ> VWm gmW hr gmW m H$aZodmbo Ho$ {bE ImS>r Xoem| |
godmE Ama^ H$s JB h& QoQ> Wy mogoqgJ (EgQ>rnr) hoVw Vrd YZofU H$s gw{dYm h&
~H$ Zo ~rAmoAmB {{` EZAma {S>nm{OQ> H$s H$m Ama^ {H$`m h&
15

/ BANK OF INDIA

~H$ Zo moQ> E{${e`Q> ~H$ AQ>> Amb ~g BZ Ho$`m $ma {X B`a 2012
qWH$ {~OZog VWm ~og ~H$ AdmS> $ma AmBgrQ>r m {H$`m&
31 mM, 2014 VH$ {dXoer emImAm| H$s Hw$b Omam{e `1,13,384 H$amoS> ahr Omo
{nN>bo df H$s VwbZm | `25,611 H$amoS> (29%) H$s d{ XO H$s& Hw$b A{J
` 1,11,969 H$amoS> ahm {OgZo {nN>bo df na ` 23,022 H$amoS> (26%) H$s [aH$mS>
d{ XO {H$`m& {Zdoe ` 5,661 H$amoS> ahm& {dXoer emImAm| H$m n[aMmbZ bm^
mM, 2014 Ho$ AV | ` 1431 H$amoS> ahm {Og| {nN>bo df na ` 250 H$amoS> H$s
d{ XO {H$`m& mM 2013 H$s VwbZm | Hw$b bm^ | `669 H$amoS> d{ hB& d{H$
H$mamo~ma VWm bm^ Ho$ `moJXmZ Ho$ AZwgaU | {dXoer emImAm| Zo d{H$ H$mamo~ma
| 26.41% `moJXmZ {X`m, n[aMmbZmH$ bm^ VWm Hw$b bm^ 31.03.2014 H$mo
gm df | H$e: 16.99% VWm 24.51% ahm&
~w{b`Z ~qH$J
~H$ Zo Zd~a, 1997 | ~w{b`Z ~qH$J Ama^ {H$`m& Ama^ | `h `moOZm {gO VWm
AhXm~mX | Ama^ H$s JB VWm ~mX | A` emImAm| | bmJy H$s JB& AmO H$s
{V{W VH$ `{n 9 emImE ~w{b`Z H$mamo~ma H$aZo Ho$ {bE A{YH$V h VWm Ho$db 4
emImE H$mamo~ma H$a ahr h& gmoZo Ho$ {Z`mVH$m| VWm Kaoby gwZmam| Ho$ {bE H$gmBZoQ
Ho$ $n | gmoZm m {H$`m J`m& ~H$ Zo df 2013-14 | 16,159 {H$bmo gmoZm ~oMm
VWm Hw$b {~H$s ` 4,179 H$amoS> H$s ahr {Og| go ` 60 H$amoS> H$m bm^ ahm& df Ho$
XmamZ Am | 47.70% d{ ahr&
$maog H$mamo~ma
{Z`mVH$m| VWm Am`mVH$mo Ho$ {dXoer {d{Z` H$s O$aVm| Ho$ n[ao` | ~H$ mam
g^mbo JE $moaog H$mamo~ma | AN>r Imgr d{ n[ab{jV hB h& df 2013-14
Ho$ XmamZ, M]Q> Ama BQ>a ~H$ Q>ZAmoda H$e: ` 203,720 H$amoS> Ama ` 499,187
H$amoS> Wm& ~H$ $maog H$mamo~ma | AJUr bo`a ahm h& df Ho$ XmamZ ~H$ H$s
H$mofmJma emIm H$m Hw$b Q>ZAmoda ` 702,907 H$amoS> Wm&
QoOar {Zdoe
~|MmH$ 10 df gaH$mar {V^y{V na Am` Omo 31 mM, 2013 H$mo 7.96 % Wr,
`Wm {XZmH$ 31.03.2014 H$mo 8.80 % ~T> J`r& `{n df Ho$ XmamZ gaH$mar
{V^y{V`m| H$s Am` A`{YH$ ApWa ahr VWm `h 7.089 % go 9.473 % H$s
{dVV Xm`ao | ahr& hmao ~H$ Zo `mO Am` VWm ~mOma OmopI Ho$ ~rM gVwbZ
H$m` aIVo hE {Zdoe Ho$ C Va ~ZmE aIo& hmao ~H$ Zo {Zdb mJ Ed {`mXr
Xo`VmAm| H$s 23% H$s {d{Z`mH$ O$aVm| go A{YH$ C Va Ho$ EgEbAma {Zdoe
~ZmE aIm h Vm{H$ A{V[a$ EgEbAma aonmo/ gr~rEbAmo qdS>mo go CYma Ho$ {bE
`moJ {H$`m Om gHo$& hmao Hw$b AmYma na EgEbAma {Zdoe ` 91,943 H$amoS>
(Hw$b {Zdoe H$m 87.66%) VWm Ja EgEbAma {Zdoe ` 12941 H$amoS> (Hw$b {Zdoe
H$m 12.84 %) ahm& Bg g~Y | `mnH$ Zr{V Ho$ AZw$n {Zdoe {H$E JE h {OgHo$
~mOma H$s J{V{d{Y`m| / {d{Z`mH$ AnojmAm| Ho$ AZw$n Zr{V H$s Amd{YH$ grjm
H$s OmVr h&
QoOar n[aMmbZ
df 2013-14 Ho$ XmamZ ~H$ Zo ~mOma Ho$ g^r jom| AWmV {Z{Y`m|, $maog> VWm
~mS> | g{H$` ^y{H$m {Z^mB h& gaH$mar {V^y{V`m| H$s Xa J{V{d{Y go bm^ boVo
hE ~H$ Zo AnZo {Zdoe g{d^mJ H$mo gwYmam VWm {V^y{V`m| H$s {~H$s Ed `dgm`
go bm^ A{OV {H$E& ~H$ Zo df 2012-13 H$s VwbZm | {dmr` df 2013-14
| {V^y{V`m| H$s {~H$s go bm^ | 78.08 % d{ XO H$s& ~H$ Zo {d{dY ~mOma
jom| Ho$ ` AVanUZ Adga H$m bm^ CR>m`m h {Oggo Om mU-n (grS>r),
{dXoer {d{Z` dn H$s IarX/{~H$s, {`mXr wm ~mOma | A{YH$ n`m {Z{Y
aI nm`m {Oggo 1.00% go 1.50 % H$m {dVma hAm& ~H$ Zo ""Q>r'' {~bm| VWm
A{V[a$ {V^y{V`m| Ho$ {d gr~rEbAmo/aonmo | CYma boH$a grS>r | ` 364 H$amoS>
H$m nmoQ>$mo{b`mo V`ma {H$`m h {Oggo AZwmZV: 0.25 % go 0.75 % H$m {dVma
m$ hAm h&

/ Annual Report 2013-14

ZeZb ~qH$J Jyn (YmZ H$m`mb`) :


JmrU ~qH$J
1. mW{H$Vm jo A{J:
mWm{H$ m jo Ho$ A{J ~S>m H$mamo~mar mH$m XmZ H$aZo Ho$ Abmdm, `mnH$
gmm{OH$ {OoXm[a`m ^r XmZ H$aVo h& ~H$ JmrU Ed AYehar emImAm| Ho$
AnZo `mnH$ ZoQ>dH$ Ed g{nV H$m{H$m| Ho$ gmW mW{H$Vm m jom| Ama H${f
jom| | godm XmZ H$aZo | AJUr ahm h& ~H$ Zo mW{H$Vm m jo Ho$ AVJV
` 82,021 H$amoS> H$m CH$> Va XO {H$`m h Omo gm`mo{OV {Zdb ~H$ F$U
(EEZ~rgr ) H$m 40.45 % h&
{deof H${f F$U `moOZm Ho$ AVJV ~H$ {dmr` df VH$ ` 19,130 H$amoS> H$m
g{dVaU H$a gH$m& {d{^ IS>m| Ho$ AVJV mW{H$Vm mV jo Ho$ A{Jm| H$s
pW{V {ZZ{bpIV h:
(am{e H$amoS> |)
`Wm 31 mM
d{
2013
2014
am{e
{VeV
1. H${f
27,041
36,071
9,030
33.39
2. bKw C
28,913
35,504
6,591
22.80
3. {ejm
2,329
2,597
268
11.51
4. Amdmg
6,790
7,517
727
10.71
Hw$b mW{H$Vm jo
65,518
82,021
16,503
25.19
2. H|${V {Obm| | H|$r` gH$aU Ho$
H${f F$U | d{ Ama F$U Vmdm| H$s Oyar / g{dVaU | Q>ZAamCS> g` H$mo
H$ H$aZo Ho$ Co` go M`{ZV AMbm| | Ho$r` gH$aU Ho$ Wm{nV {H$E JE
h& A~ VH$ {d{^ AMbm|/ am`m| | 52 grnrgr H$m`aV h&
3. {H$gmZ Ho${S>Q> H$mS>:
{H$gmZ Ho${S>Q> H$mS> `moOZm H$m b` H$fH$m| H$mo CZH$s H${f Amd`H$VmAm| Ho$
gmW-gmW Ja-H${f J{V{d{Y`m| H$mo nyam H$aZo Ho$ gmW `h ^r Co` h {H$ Ch| F$U
Cn`moJ Ho$ ~mao | bMrbr VWm n[aMmbZmH$ dVVm {b gHo$& df Ho$ XmamZ
~H$ Zo Hw$b ` 6,155 H$amoS> H$s Hw$b grm dmbo 4.50 bmI ZE {H$gmZ H$mS> Omar
{H$E& ~H$ mam A~ VH$ 17.08 bmI {H$gmZ H${S>Q> H$mS> (gM`r) Omar {H$E {Og|
` 18,155 H$amoS> H$m {dmr` n[a`` em{b h&
4. F$U AXbm-~Xbr (dn) :
~H$ Zo ZB `moOZm `Wm F$U AXbm-~Xbr {S>OmBZ H$s h {OgH$m Co` F$UJV
H$fH$m| H$mo gmhH$mam| Ho$ ~H$m`m Xo` go w{$ {XbmZm h VWm Adm^m{dH$ Xam| na
Ja-gWmJV XoZXmam| go F$U ^ma go H$fH$m| H$mo hmo ahr H${R>ZmB`m| H$mo H$ H$aZm h&
Bg `moOZm Ho$ ^mdr H$m`md`Z Ho$ {bE 51 AJUr {Obm| Ho$ g^r {Obm ~YH$m|
H$mo w` ^y{H$m {Z^mZr hmoJr .
5. {d^oXH$ `mO Xa:
~H$ mam H$m`mpdV {d^oXH$ `mO Xa (S>rAmaAmB) `moOZm Zm Ho$ AVJV CnmXH$
Cm| hoVw M`{ZV H$ Am` gyhm| H$mo 4% H$s Ny>Q> Xa na {dmr` ghm`Vm XmZ
H$aZo H$s `moOZm h& ~H$ Zo Bg df Ho$ XmamZ S>rAmaAmB `moOZm Ho$ VhV 4094 mbo
drH$V {H$E JE h&
6. Ang`H$ gwXm` Ho$ H$`mU hoVw YmZr H$m Z`m 15 gyr`
H$m`H$:
Ang`H$ gwXm`m| Ho$ H$`mU hoVw Ho$pV `mZ g{hV, ~H$ {d{^ Ang`H$
gwXm`m| Ogo {gI, wpb, BgmB, OmoampQ`Z VWm ~m H$mo {dm XmZ H$a ahr h&
df 2013-14 Ho$ XmamZ ~H$ Zo {d{^ Ang`H$ gwXm`m| H$mo ` 4,544 H$amoS>
H$m {dm {X`m h Ama `Wm mM, 2014 H$mo ` 12,295 H$amoS> H$m A{VXo Va XO
{H$`m J`m&
16

/ BANK OF INDIA

/ Annual Report 2013-14

7. dU O`Vr JmrU Amdmg {dm `moOZm:


~H$ g{H$` $n go dU O`Vr JmrU Amdmg {dm `moOZm (OrOoAmaEME$Eg)
Ho$ H$m`md`Z | em{b h VWm am>r` Amdmg ~H$ mam Am~{Q>V 8100 BH$mB Ho$
b` H$mo m H$a {b`m h& df Ho$ XmamZ dU O`Vr JmrU Amdmg {dm `moOZm
Ho$ AVJV ~H$ Zo 20119 mbm| H$mo drH$V {H$`m&

~H$ Zo {dmr` gmdoeZ H$mo hm~YH$ Ho$ ZoVd | EH$ ZE H$mamo~mar BH$mB Ho$
n | V`ma {H$`m h {Og| ~moS> mam AZwmo{XV {dmr` gmdoeZ `moOZm h& ~H$ Zo
H$mamo~mar gn{H$`m| Ed AmBgrQ>r AmYm[aV hS> Ym[aV CnH$aUm| (mBH$mo EQ>rEm|) Ho$
m` go 40160 Jmdm| H$mo ~qH$J godmE wh`m H$amZo Ho$ {bE {V~ h& ~H$ Zo
AV{Z{hV AmodaSmQ> gw{dYmAm| dmbo Zmo {$b AH$mCQg Ho$ m` go 125 bmI

gH b mW{H Vm (` H amoS )
H {f

H {f
` 27041
(32.91%)

CnH
` 28913
(35.19%)

{ejm
` 2329
(2.83%)

` 35504
(43.29%)

Jh

{ejm

` 6790
(8.26%)

` 2597
(3.17%)

mM '13
8. gy {dm/gy F$U Ama {hbmAm| H$mo F$U
gy F$U H$s `moOZm Jar~m| H$mo Jar~r Ho$ Va go D$na CR>mZo Ho$ {bE Ch| ~T>o hE
d-{Z`moOZ Adga XmZ H$a Ch| F$U boZo `mo` ~ZmZo Ho$ {bE EH$ ^mdembr
gmYZ Ho$ $n | nmB JB h& ~H$ {hbmAm| H$mo F$U XoZo | g{H$`Vm go g^m{JVm H$a
ahm h Ama mW{H$Vm jo Ho$ VhV ` 10,502 H$amoS> H$m ~H$m`m Va XO {H$`m h
{Og| ` 787 H$amoS> gy F$U Ho$ VhV h&
9. gma D$Om Amdmg H$me Umbr
{~Obr H$s g`m go {ZnQ>Zo Ho$ {bE ~H$ Zo gma COm Amdmg {~Obr Umbr H$s
`moOZm H$m Ama^ {H$`m h& gma D$Om Amdmg H$me Umbr H$s IarX VWm gWmnZ
Ho$ {bE ^mdr CYmaH$VmAm| H$mo ~H$ {dmr` ghm`Vm XmZ H$a ahm h& ` 8.50 H$amoS>
Ho$ {dmr` n[a`` g{hV ~H$ Zo A~ VH$ 2456 BH$mBm drH$V H$s h&
10. Z`m H${f CnmX :
H$fH$m| H$s F$U g~{YV Amd`H$VmAm| H$mo nyam H$aZo Ama H${f F$U H$mo ~T>mZo Ho$
{bE 6 ZE H${f CnmX Ama^ {H$E JE 1) H${f JmoS>/ {gda F$U 2) {H$gmZ
Amb nng bmoZ 3) EQ>oQ> nM}g bmoZ 4) {H$gmZ VH$mb `moOZm 5)nM}g Am$
aryE~b EZOu H$sg gmoba hmo bmBqQ>J {gQ>, gmoba nn goQ> Ama gmoba dmQ>a
hrQ>a VWm 6) nM}g Am$ bS> $ma EJrH$Mab nng 11. AJUr ~H$ Xm{`d :
nmM am`m| `Wm PmaIS> (15), hmam> (14), ` Xoe (13), Cma Xoe (7)
VWm CS>rgm (2) | $bo 51 {Obm| H$s AJUr ~H$ H$m Xm{`d ~H$ Ho$ nmg h& BZ
g^r AJUr {Obm| | ~H$ g$bVmnydH$ AnZr godmE XmZ H$a ahm h& ~H$ Ho$ {bE
` 10,581 H$amoS> H$m F$U `` em{b H$aVo hE g^r AJUr {Obm | df 2013-14
Ho$ {bE {bE dm{fH$ F$U `moOZm (Egrnr) bmJy H$s JB& ~H$ H$s CnbpY ` 10,672
H$amoS> ahr Omo dm{fH$ F$U `moOZm CnbpY H$m 100.86 % h&
~H$ H$mo PmaIS> am` | EgEb~rgr H$mo AJUr ~H$ g`moOH$ Ho$ $n | nXZm{V
{H$`m J`m h&
{dmr` gmdoeZ
Xoe Ho$ XrKH$m{bH$ {dH$mg VWm {dVV {dH$mg {H$`m H$m {dmr` gmdoeZ
EH$ A{Zdm` nj h& {dmr` gmdoeZ H$mo `dhm` H$mamo~mar Vmd gPVo hE
{dnUZ A{^wI nhb H$mo AnZmVo hE {dmr` gmdoeZ | Hy$Q>Zr{V Ho$ n[adVZ h&
{VmZ {Z:gXoh grEgAma go Am{WH$ `dhm`Vm | n[ad{VV hAm& {dmr` jo
mam Amd`H$ gwa{jV Ama ^mdembr T>J go H$ bmJV boZXoZ AmBgrQ>r AmYm[aV
gm`yeZ H$s CnbYVm go g^d hmo gH$m h& Xm{`d Ho$ ~OmE gnm Adga Ho$
mam ~H$ `m{eV ~qH$J godmE H$mo XoI ahm h&

` 39071
(43.98%)

CnH

Jh
` 7517
(9.16%)

mM '14
bmoJm| H$mo OmoS>m h& Eogm CZH$mo VwaV Cn`moJ g~Yr O$aVm| Ama nm bmoJm| H$mo C
Ho${S>Q> XmZ H$aZo Ho$ {bE {H$`m J`m h Vm{H$ do n`m Or{dH$m A{OV H$a gH|$&
BgHo$ Abmdm dmgr OXyam|/d` {Z`mo{OVm| H$mo mo~mBb AmYm[aV YZofU gw{dYm
^r wh`m H$am`r J`r h Vm{H$ do AnZo n[adma Ho$ gX`m| H$mo YZam{e ^oO gHo$ Ama
A` godmAm| Ho$ gmW-gmW mBH$mo B`moa|g g{hV ~H$ Ho$ WS> nmQ>u CnmXm| VH$
AnZr nhM aI gH|$& ~H$ gaH$ma H$s Ho$r`/am` gaH$mam| Ho$ S>m`aoQ> ~o{Z{$Q>
Qmg$a `moOZm H$mo ^mdr T>J go nyam H$a ahm h&
~H$ Amd`H$ ^wJVmZ Ama A` AmYma^yV gaMZm ghm`Vm XoVo hE bm^mWu Ho$
ImVo | grYo bm^ AVaU Ho$ {bE Ho$r`/am` gaH$mam| Ho$ S>m`aoQ> ~o{Z{$Q> Qmg$a
`moOZm H$mo ^mdr T>J go nyam H$a ahm h&
{dmr` gmdoeZ `moOZm (E$AmBnr) 2013-14 Ho$ AVJV J{V {ZZmZwgma h :
l Imobo JE ~o{gH$ ~MV ~H$ ImVm| H$s g`m
: 107.28 bmI
l Omar mQ> H$mS>m] H$s g`m
: 22.68 bmI
l Omar Orgrgr/Ho$grgr
: 22.10 bmI
l bJmE JE H$mamo~ma gnH$r
: 6072
l bJmE JE MZb ~YZ gmPoXma
: 105
l Jmdm| H$s g`m Ohm 100% {dmr` gmdoeZ m : 14060
~H$ Zo 31.03.2014 VH$ 2000 go A{YH$ OZg`m dmbo gV 4404 Am~{Q>V
Jmdm| | 100% {dmr` gmdoeZ H$m b` m$ {H$`m& n`m OmopI emH$m|
Ed gdm}m WmAm| dmbr ~ohVarZ n[aMmbZ Um{b`m ~Zm`r JB h Ama Ab |
bmB Om aht h&
Q>ma damoOJma {ejU gWmZ (Ama>goQ>r)
JmrU `wdmAm| Ho$ ~rM ~oamoOJmar H$s g`m go {ZnQ>Zo Ho$ Co` go ~H$ Zo df
2005 | Q>ma dmamoOJma {ejU gWmZ (EgEgnrEg) ZmH$ g{nV QQ> H$s
WmnZm H$s nhb H$s& QQ H$s WmnZm Ho$ VH$mb ~mX Xmo EgEgnrEg (Ama>goQ>r)
H$s WmnZm ^monmb Ed H$mohmnwa | H$s JB& ^maV gaH$ma Ho$ JmrU {dH$mg mb`
Zo Bg nhb H$mo y`dmZ mZm VWm Bg H$ma H$s gWmAm| H$s WmnZm Xoe Ho$
`o>H$ {Obm| | JmrU jom| Ho$ JmrU ~rnrEb `wdmAm| H$mo Vbme hoVw mogmhZ
XoZo H$m Vmd {X`m& WmnZm, A{^YmZ, m`moOZ, ~YZ H$m`H$ gaMZm, Q>m$
Ed emgZ, EAmBEg n[a^m{fV {H$E JE& ~H$ H$mo gWmAm| H$s WmnZm hoVw 43
H|$ Am~{Q>V {H$E JE& ~H$ Zo Eogr 43 gWmE PmaIS>, CS>rgm, Cma Xoe, `
Xoe, hmam> VWm n{ ~Jmb | Wm{nV H$s h& BZ H|$m| | 25,308 Ho${S>Q> BnwQ>
Ho$ gmW Bg VmarI VH$ 57,676 {V^m{J`m| H$mo {ejU {X`m Om MwH$m h& ~H$ Zo
17

/ BANK OF INDIA

amMr (PmaIS>), ~mam~mH$s (Cma Xoe), ^monmb (` Xoe), noZ (hmam>) VWm
~obJmd (H$ZmQ>H$m) | mW{H$ dm na `mZ, d`H$ gmjaVm, {dVV {dmr`
nhM VWm d{ H$s `moOZm, {g{db gmo`m`Q>r gWmAm| H$mo gwT> H$aZm, n`mdaUr`
pWaVm B`m{X | EgEgnrEg (AmagoQ>r) Ho$ H$m`jo | {dVma hoVw nmM EH$sH$V
EgEgnrEg (Ama>goQ>r) H$m {dVma/Wm{nV H$aZo H$s `moOZm ~ZmB h& ~H$ BZ jom|
| `mnH$ MwZm{V`m| H$m gmZm H$aZo hoVw npbH$, {ZOr Ed gmm{OH$ jo Ho$ {d{dY
ggmYZm| H$mo gmW bmZo Ho$ b` go aUZr{VH$ gmPrXmar H$aZm MmhVm h Ama Bgo
~T>mZm MmhVm h&
{dmr` gmjaVm Ed F$U nameu H|$ (A^`)
~H$ Zo X{ZH$ AmYma na pV {dm go g~{YV mbm| na {dmr` `dVu gWmAm|
Ho$ gmW {dmr` `dhma H$s O{Q>bVmAm| Ho$ y`mH$Z hoVw Am AmXr H$mo {dmr`
gmjaVm XoZo H$s Amd`H$Vm H$mo gPm h& AmJo, Omo F$U Ho$ A~YZ Ho$ H$maU
{dmr` g`mAm| H$m gmZm H$a aho h Ch| ^r {Xdm{b`mnZ Ed MwH$mVr Xm{`d
go ~mha {ZH$bZo hoVw F$U name H$s AmdH$Vm h Vm{H$ CZH$s {dmr` ~YZ
| gwYma hmo gHo$& Bg n[ao` | ~H$ Zo 5 (nmM) F$U nameu H|$ A^` Zm go
w~B, dYm, Jwbm, H$mobH$mVm Ama Mo | Imobo h {OZH$m H$m` d[a> Ed AZw^dr
~H$am| mam XoIm Om ahm h&
A^` H$s gH$nZm H$mo {dVma XoVo hE ~H$ Zo ^maVr` [aOd ~H$ Ama Zm~mS> Ho$
mJXeZ Ho$ AZwgma 54 {dmr` gmjaVm Ho$ Imobo h&
`dpWV CYmaH$VmAm| Ho$ {bE AbJ-AbJ mbm| hoVw CnMmamH$ name Ho$
Abmdm, {{S>`m, H$m`embm Ed go{Zma Ho$ m` go {ZdmaU name ^r {X`m Om
ahm h& A~ VH$ name Ho$ 206357 mbo {bE JE {OZH$m {ZdmaU VH$mb H$aHo$
`{WV CYmaH$VmAm| Ho$ Moham| na wH$mZ bmB JB&
jor` JmrU ~H$ (AmaAma~r)
~H$ Zo 4 (Mma) jor` JmrU ~H$ (AmaAma~r) PmaIS> JmrU ~H$ (PmaIS>),
Am`dV jor` JmrU ~H$ (Cma Xoe), ZXm Pm~wAm JmrU ~H$ (` Xoe)
VWm {dX^ H$m|H$U JmrU ~H$ (hmam>) | m`mo{OV {H$E h& g^r AmaAma~r bm^
A{OV H$a aho h& gV emImE Ama emg{ZH$ H$m`mb` H$mamo~ma Ho$ gmW gr~rEg
Ho$ AYrZ bmB JB h& `h ~H$ AmaQ>rOrEg EZBE$Q>r Ama EQ>rE godmE XoZo | gW
h& gV AmaAma~r H$m emIm {dVma 1524 h {Ohm|Zo ` 30,891.30 H$amoS> H$m
{{lV H$mamo~ma {H$`m h&
Hw$N> hdnyU nhb|
am>r H$me {dH$mg {ZJ (EZEgS>rgr) n[amoOZm hoVw ~rgr ZoQ>dH$ H$m
CnmoJ
AmYma H$mS> nOrH$aU - AXm{OV 350 bmI gnyU
nwaH$ma
~H$mZ nwaH$ma 2013
E$AmB VH$ZrH$s Ho$ {bE aZa An Ho$ $n | AmB~rE nwaH$ma
E$AmB o VH$ZrH$s nhbm| Ho$ {bE {$g 2013 nwaH$ma
BXma hmZJanm{bH$m H$s n[amoOZm gj Ho$ gwV am> Ed AnZo H$mnm}aoQ>
~rgr Ho$ gmW gwV AZwnmbZ hoVw AmBQ>ry nwaH$ma
IwXam F$U
df 2013 -14 Ho$ XmamZ ~H$ Zo O~yV [aQ>ob F$U g{d^mJ ~ZmZo H$s Zr{V H$m
AZwerbZ {H$`m& {dmr` df 2013-14 Ho$ Xr nmV Ad{Y | AW`dWm Ho$
nwZWmZ | [aQ>ob Ho${S>Q> Ho$ Adga XmZ {H$E& ~H$ H$m [aQ>ob Ho${S>Q> nmoQ>$mo{b`mo
`Wm 31 mM, 2014 H$mo ` 22350 H$amoS> go ~T>H$a ` 29,600 H$amoS> hmo J`m& df
Ho$ XmamZ [aQ>ob Ho${S>Q> H$s naoIm H$m {$a go n[a{Z` {H$`m J`m& ~H$ Zo [aQ>ob hmo
bmoZ/gn{m Ho$ {Z{m F$U H$s mogoqgJ Ama JR>~YZ `dWm Ho$ mbo | dmhZ
F$Um| Ed ej{UH$ F$U Vmdm| H$s mogoqgJ H$mo ^r Vrd H$aZo Ho$ {bE Xoe Ho$ ~S>o
eham| | 23 Ama~rgr Wm{nV {H$E h& hmo bmoZ IS> | 27 % H$s d{ XO H$s J`r
{OgHo$ $bd$n `o F$U (mM 2013) Ho$ ` 10,267 H$amoS> go ~T>H$a (mM 2014)
| ` 13081 H$amoS> hmo JE& ~H$ Zo {~S>am| Ho$ gmW JR>~Y H$aZo Ho$ {bE yb^yV
{Xem{ZX}e V`ma {H$E h Vm{H$ `h gw{Z{V hmo {H$ JR>~YZ `dWmE Ho$db AN>m

/ Annual Report 2013-14

QH$ [aH$mS> aIZo dmbo {~S>am| Ho$ gmW hr hmo& AmM{bH$ ~YH$m| H$mo `o A{YH$ma {XE
JE h {H$ do WmZr` Va na {V{>V {~S>am| Ho$ gmW JR>~YZ H$a|& ej{UH$ F$Um| |
^r 10 {VeV H$s d{ XO H$s J`r Ama Bg df Ho$ XmamZ ` 2412 H$amoS> go ~T>H$a
` 2,652 H$amoS> hmo JE& ~H$ Zo `mO gpgS>r H$s H$mo ^r AJrH$ma {H$`m h {Og|
do CYmaH$Vm {Ohm|Zo df 2013 -14 Ho$ ej{UH$ df Ho$ XmamZ ej{UH$ F$U {b`m
h Ama Am{WH$ $n go H$Omoa dJ go h, ZmoS>b ~H$ Ho$ O[aE ^maV gaH$ma, mZd
ggmYZ mb` go {ejm F$U `mO gpgS>r Ho$ {bE nm h&
~H$ Q>ma {ejm F$U `moOZm Ho$ VhV C {ejm m H$aZo Ho$ {bE F$U XmZ H$aZo
H$mo C mW{H$Vm XoVm ahm h& Bg `moOZ Ho$ {bE AmM{bH$ H$m`mb` H$mo mH}$qQ>J
Q>r| WmZr` gWmZm| Ho$ gmW bJmVma JR>~Y `dWm H$a ahr h Vm{H$ {dm{W`m|
H$s O$aVm| H$mo emImAm| mam d[aV $n go nyam {H$`m Om gHo$& ~H$ Zo {ejm F$U
Ho$ VhV ~rAmoAmB Q>ma {dm F$U H$mo nwZ: n[a^m{fV {H$`m h Vm{H$ AmBAmBQ>r/
AmBAmBE/EZAmBS>r B`m{X Ogo Xoe Ho$ wI ej{UH$ gWmZm| | doe boZo dmbo
{dm{WAm| H$s Amd`H$VmAm| H$mo nyam {H$`m Om gHo$&
dmhZ F$U | ^r 15% H$s d{ XO H$s J`r {Oggo do Bg df Ho$ XmamZ ` 2,037
H$amoS> go ~T>H$a ` 2,351 H$amoS> hmo JE& {d{^ {V{>V AmQ>mo {d{ZmVmAm| Ogo
m${V gwOwH$s, Q>mQ>m moQ>g, hS>B moQ>g, qhm ES> qhm VWm AmBgrEEb Ho$
gmW JR>~Y `dWm H$s H$m`Zr{V AmQ>mo{$Z nmoQ>$mo{b`m| H$mo ~T>mZo Ho$ {bE AN>r
Imgr brSg wh`m H$am ahr h& wI [aQ>ob F$U `moOZmAm| | d{ {ZZmZwgma ahr:(` H$amoS> |)
`moOZm
31.03.2013 31.03.2014 JmoW Ed JmoW %
Q>ma Jh F$U `moOZm
10267
13081
2814 / 27%
Q>ma {ejm F$U `moOZm
2412
2652
240 / 10%
Q>ma dmhZ F$U `moOZm
2037
2351
314 / 15%
Q>ma ngZb F$U `moOZm
779
927
148 / 19%
Q>ma ~YH$ F$U `moOZm
2007
2971
964 / 48%
EgEB
df 2013-14 Ho$ XmamZ EEgEB IS> Ho$ AVJV ~H$ H$m H$m`{ZnmXZ AnojmZw$n
Wm& Bg XmamZ ~mOma | F$U hoVw gmm`V: mJ H$ Wr {$a ^r hZo df Xa-df
21% go A{YH$ d{ XO H$s h& {dJV dfm] | {bE JE Hw$N> {ZU`m| Ogo EgEB
H$mamo~ma hoVw ZE d{Q>H$b H$m gOZ, {V~ gog $mog `w$ {deofrH$V gH$aU
H$jm| H$s WmnZm Am{X H$s dOh go AN>o n[aUm AmZo bJo h Ama Bg jo H$mo
F$U XmZ H$aZo | BZ {ZU`m| H$m hdnyU `moJXmZ ahm h&
EEgEB Ho$ VhV ~H$ H$m H$m` {ZnmXZ
{~OZog JmoW:-EEgEB AmCQ>Q>pS>J ` 45,081 H$amoS> df -Xa- df
21.04% H$s JmoW XO H$s&
EEgB Ho$ VhV H$m` {ZnmXZ : EEgEB AmCQ>Q>pS>J ` 38,686 H$amoS
df -Xa- df 21.15%. H$s JmoW XO H$s&
EEgB {d{ZmU jo ` 16,031 H$amoS> (mM 2013) go ~T>H$a ` 20,095
H$amoS> (mM 2014) hmo J`m h, Bg| df-Xa-df 25.35% H$s d{ hB&
EEgB | mBH$mo goQ>a H$m eo`a mM 2013 H$s `Wm pW{V 49.54% go
WmoS>m KQ>H$a `Wm mM, 2014 H$mo 47.69% hmo J`m&
mBH$mo ImVm| H$s g`m | d{ : df 2013-14 Ho$ XmamZ mBH$mo goJ|Q>
Ho$ AVJV 93,903 ImVo Oya {H$E JE {OgHo$ $bd$n A{Zdm` 10% d{
Ho$ b` Ho$ {Z{m `Wm 31.03.2013 H$mo ImVm| H$s g`m | 18.60% H$s
d{ XO H$s JB&
grOrQ>rEEgB Ho$ VhV ~H$ H$m H$m` {ZnmXZ df 2013-14 Ho$ XmamZ
grOrQ>rEEgB `moOZm Ho$ AVJV 33,930 ImVo OmoSo> JE {OgHo$ VhV Hw$b
`2,351.17 H$amoS> H$m EnmoOa H$da {H$`m J`m& `moOZm Ho$ AVJV H$daoO H$s
{> go nrEg`y ~H$m| | hmam W WmZ ~aH$ama h& `Wm mM 2014 hZo
`moOZm Ho$ AVJV Hw$b `9,614.22 H$amoS> Ho$ EnmoOa H$s H$daoO g{hV hmam
Hw$b H$daoO 1.51 bmI ImVo h&
18

/ BANK OF INDIA

nrEBOrnr Ho$ VhV ~H$ H$m H$m` {ZnmXZ df 2013-14 Ho$ XmamZ
nrEBOrnr Ho$ AVJV Hw$b `157.65 H$amoS> H$s grm g{hV 503 ImVo Oya
{H$E JE h&
df 2012-13 Ho$ {bE nrEBOrnr Ho$ AZwnmbZ | lo>Vm hoVw ~H$ H$mo am>r
nwaH$ma mV hAm& h nwaH$ma EEgEB mb Ho$ VhV ImXr Ed Jm
AmmoJ mam {Xm Jm&
EEgEB Ho$ VhV JmoW H$s aVma ~T>mZo Ho$ {bE H$m`Zr{V`m>: {dmr` df 2013-14 Ho$ ma^ | Q>mn 100 EgEB CYmaH$VmAm| H$mo nwaH$V
{H$E OmZo Ho$ nmV hmao ~H$ Zo df Ho$ XmamZ Xoe ^a | 23 eham| | Am`mo{OV
g^r H$m`H$m| | g{H$` gh^m{JVm H$s& `o H$m`H$ B{S>`m EgEB $moa mam
Am`mo{OV {H$E JE Wo Omo {H$ EH$ EZOrAmo h {OgHo$ gmW hZo ~H$ Ho$ ~mS>
moeZ hoVw Q>mB-An `dWm H$s Wr&
Bg `moOZm H$mo nm grm VH$ A{Zdm` {Z` Ho$ AVJV bmH$a grOrQ>rEEgB
`moOZm Ho$ AVJV CYma H$mo ~T>mdm {X`m h& `moOZm Ho$ g~Y | CYmaH$VmAm| |
OmJ$H$Vm nXm H$aZo hoVw BgH$m {dVV Mma-gma {H$`m J`m&
EgAmaQ>rAmo Ama CnH$aU {dm Ho$ m` go EEgB jo H$mo F$U dmh
gw{Z{V H$aZo hoVw df Ho$ XmamZ 5 ZE AmoBE Ho$ gmW EAmo`y na hVmja
{H$E JE& `Wm 31 mM 2014 Eogo AmoBE H$s g`m 14 Wr&
Bg jo Ama A{YH$ d{ hm{gb H$aZo Ho$ {bE mBH$mo jo | ` 10 bmI go
A{YH$ Ama ` 100 bmI VH$ H$s grmAm| hoVw g^r mbm| Ho$ {bE `mO Xa
| 1% H$s H$Q>mVr H$s JB h&
AhVm m S>mQ>am| go H$mamo~ma hm{gb H$aZo hoVw AmH$fH$ Iy{~`m| g{hV Z`m
CnmX ~rAmoAmB S>mQ>a bg ew {H$`m J`m h& CZH$s H$mamo~mar Amd`H$VmAm|
Ho$ {bE H$moB CV grm {ZYm[aV Zht H$s JB h&
21 EgEB {g{Q> goQ>am| Zo {bH$a `Wm 31 mM 2014 H$mo Hw$b ` 9,733.89
H$amoS> Owa {H$`m h& Bg| go ` 7,225.61 H$amoS> BZ df Ho$ XmamZ {dV[aV
{H$E JE Ama n[aUm d$n Chm|Zo Ho$m| Ho$ Imobo OmZo Ho$ wI Co` H$mo
nyam {H$`m&
{d{^ EZ~rE$gr H$s {V^yVrH$V AmpV`m| Ho$ `j AgmB|Q> mH}$Q> o
doe {H$`m Ama Bg `dWm Ho$ AVJV bJm`m ` 500 H$amoS> H$m H$mamo~ma
gJ{hV {H$`m&
~H$ H$m nwZJR>Z
nwZJR>Z Ho$ {hgo Ho$ $n |, Xmo nWH$ {~OZog Jwn `mZr ZoeZb ~qH$J Jwn Ama
hmobgob ES> BQ>oaZoeZb ~qH$J Jwn g~pYV H$mamo~mam| na gHo$rH$V `mZ XoZo Ho$
{bE ~ZmE JE h& `oH$ gyh AnZo Xm`ao | AmZo dmbr {d{^ H$mamo~mar BH$mB`m| Ho$
H$m` {ZnmXZ Ho$ {bE {OoXma h& gaMZmAm| H$s H$m`ebr, {H$`mAm| Ama {~OZog
$moH$g go hE AZw^d Ho$ AmYma na Bgo {dmr` df 2013-14 | Ama n[aH$V {H$`m
J`m h& Bg ~mao | {H$E JE Hw$N> ~Xbmd {ZZmZwgma h:
{deofrH$V mogoqgJ goQ>g `mZr EgEBgrO Ama Ama~rgrO go ghm`H$
hm~YH$ mam hSo>S> EZ~rOr emImAm| H$mo AbJ H$aHo$ {V{H$`m g` H$mo
Ama H$ H$aZo H$s H$mo{ee H$s J`r h&
~H$ Zo {S> H$mnm}aoQ> {~OZog na $moH$g H$mo ~T>mZo H$m {ZU` {b`m h BgHo$
{bE ghm`H$ hm~YH$ Ed w` ~YH$ mam hoSo>S> emImAm| H$mo bmO
H$mnm}aoQ> Ed {S> H$mnm}aoQ> {~OZog H$aZo H$s AZw{V Xr J`r h& Bg A{^`mZ
Ho$ nrN>o hmam H$gX `h h {H$ Eogr ~hV gmar emImE ^r Eogm H$mamo~ma H$a
gH|$ Omo A~ VH$ {S> H$mnm}aoQ>/bmO H$mnm}aoQ> emImAm| Ho$ {bE hr gr{V Wm&
Ama~rgr Ama EgEBgrgr H$m {db`Z H$aHo$ Hw$N> pQ>nb grnrgr Wm{nV
{H$E JE& A~ do EgEB Ama [aQ>ob XmoZm| H$mamo~ma H$a gH$Vo h& Hw$N> OJhm| na
JmrU grnrgr H$mo ^r O {H$`m J`m h Vm{H$ do [aQ>ob, EgEB Ama JmrU
H$mamo~ma H$a gH|$&
N>mrgJT> Ama PmaIS> am`m| H$mo H$da H$aVo hE EH$ Z`m EZ~rOr ~Zm`m J`m
h&

/ Annual Report 2013-14

~H$m| | AmV[aH$ {eH$m`V {ZdmaU Umbr na XmmoXaZ g{{V H$s {g$m[aem| Ho$
H$m`md`Z hoVw hmao ~H$ Zo w` JmhH$ godm A{YH$mar {Z`w{$ {H$`m h& do,
JmhH$m| Ho$ {eH$m`Vm| Ho$ d[aV {ZdmaU Ama ~H$ H$s AmV[aH$ {eH$m`V {ZdmaU
Umbr | JmhH$m| Ho$ {dmg H$mo gwT> H$aZo hoVw {OoXma hm|Jo&
"^mdr g` H$s emIm' n[a`moOZm
JmhH$mowI nhb Omar aIVo hE, Hw$N> Ama emImAm| H$mo ^{d` H$s emIm |
n[ad{VV {H$`m J`m {OgHo$ n[aUmdn {dmr` df 2014 Ho$ AV VH$ Eogr
emImAm| H$s Hw$b g`m 131 hmo JB& BZ o A`mYw{ZH$ emImAm| | {demb JmhH$jo hmoVm h Ama go$ g{dg Ho$ JmhH$mZwHy$b CnH$aU hmoVo h& ^{d` H$s emIm Ho$
Hw$N> wI {deof Vd {ZZmZwgma h :
BZ emImAm| H$s AmV[aH$ gmOgmm H$mo Bg H$ma gmX`nyU ~Zm`m J`m h
{Oggo {H$ JmhH$m| Ho$ {bE AN>r Imgr OJh {b Om` Ama n`m ~R>Zo H$s
`dWm hmo OmE&
{S>pQ>>Q> $Q> Am{$g Ama BZ ~mM ~H$ Am{$g g`dhmam| Ho$ {V{H$`m g`
H$mo H$ H$aZo Ho$ {bE g{OV {H$E JE h&
d` n[aMm{bV nmg~wH$ {qQ>J {H$AmH$ Ho$ O[aE JmhH$m| H$mo `h H$m` H$aZo
Ho$ {bE gW ~Zm`m J`m h&
`y ZoO|Q> {gQ> Ama A{YH$ `dpWV T>J | J{V{d{Y`m H$aZo dmbo $Q>
bmBZ JmhH$m| H$mo ZoO H$aZo Ho$ {bE BVomb H$s Om ahr h&
JoQ>a gog nwe Ama JmhH$ gVw> hm{gb H$aZo Ho$ {bE emIm H$s Q>r Ho$ gX`m|$
hoVw ZB ^y{H$mE Ama CmaXm{`d n[a{Z{V {H$E JE h&
BZ emImAm| | H$m` H$a aho Q>m$ H$mo ~ohVa JmhH$ ~YZ Ama H$mg goqbJ
hoVw {ejU {X`m J`m h&
BZ emImAm| Ho$ JmhH$ Bg ~Xbmd Ama ZB `dWmAm| go ~ohX gZ h& emIm
n[aMmbZm| H$s gJ XjVm Bg nhb Ho$ $bd$n CV hB h Ama BZ emImAm| |
JmhH$ AOZ Ama H$mamo~mar brS> | H$m$s ~T>moVar hmo ahr h&
B-Jbar n[aH$nZm
{d{^ ~qH$J godmAm| Ho$ {bE JmhH$m| mam dMm{bV {H$AmH$ H$s ~T>Vr drH$m`Vm
H$mo XoIVo hE, EQ>rE, nmg-~wH$ qQ>a Ama ZH$X drH$ma H$aZodmbr erZm|/~H$
ZmoQ> EgoQ>g Ogo dMm{bV {H$AmH$ go bg B-Jbar 24X7 AmYma na Wm{nV
{H$E JE h& emImAm| | `j n go {OVZo JmhH$ H$ AmEJo, emImAm| | JmhH$
godm CVZr hr ~ohVa hmoJr& MoH$ EgoQ>og {H$AmH$, BQaZoQ> {H$AmH$ Ama JmhH$
$sS>~H$ {H$AmH$ Ogo A` dMm{bV {H$AmH$ ^r 24X7 AmYma na Wm{nV {H$E
OmZo H$s `moOZm h& dVmZ | 50 go A{YH$ B-Jbar bmoHo$eZ H$m M`Z {H$`m J`m
h {Og| go 19 H$m` H$a aho h&
JmhH$ godm ~YZ gmYmZ `m nwZ{ZmU
JmhH$-{eH$m`V-{ZdmaU | XjVm bmZo Ho$ Co` go ~H$ Zo AnZo H$mnm}aoQ> do~gmBQ>
Amoa AmV[aH$ ZoQ>dH$ | AnZm dVmZ JmhH$ godm ~YZ gmYmZ H$m nwZ{ZmU
{H$`m h& Bg nwZ{Z{V gmYmZ | ~ohVa Iy{~`m hm Ogo do~gmBQ> | {eH$m`V
{ZdmaU nmoQ>b | XO {eH$m`Vm| H$s AmQ>mo{Q>H$ [aH$m{S>J, B-ob mam m {eH$m`Vm|
H$m AmQ>mo{Q>H$ Qm$a, XjVmnyU Q>oQ>g QoqH$J, ~ohVa yb H$maU {dcofU hoVw
{eH$m`V-dJm] H$m {dVma Ama d[aV {ZdmaU hoVw VwaV g~{YV {d^mJ H$mo {eH$m`V
H$m AJofU&
dH$pnH$ Vw{V m`
~H$ JmhH$m| H$s ngX Ho$ {bE {d{^ H$ma Ho$ Ho${S>Q> H$mS>m] H$s noeH$e H$a ahm h&
~H$ go g~ Xmo ~H$ `Wm ~H$ Am$ hmam> Ed V{bZmSw> H]$Q>mBb ~H$ {b. ^r
h Omo ~mS>Zm B{S>`m H$mS> Ho$ AYrZ Ho${S>Q> H$mS> Omar H$a aho h& df Ho$ XmamZ H$mS>
Omar H$aZo Ho$ Hw$b H$mamo~ma | 8.98% d{ XO H$s JB Omo ` 426.44 H$amoS> ahr
Ed Q>ZAmoda A{YJhU | 8.40% H$s d{ hB Omo ` 350.16 H$amoS> ahr&
So>{~Q> H$mS> na Q>ZAmoda A{OV H$aVo hE 44.56% H$s d{ XO H$s JB Ama dh
`1644.43 H$amoS> hmo J`r&
19

/ BANK OF INDIA

~H$ Ho$ nmg {d{^ H$ma Ho$ So>{~Q>-gh-EQ>rE H$mS> h& 01.04.2013 go
31.03.2014 VH$ Hw$b Omar So>{~Q> H$mS> 33.21 bmI aho {Og| 3.66 bmI
Q>maqbH$ BQ>aZoeZb EQ>rE-gh-So>{~Q> H$mS> (drOm BbQmZ) 24.80 bmI
~rAmoAmB bmoH$~b So>{~Q>-gh-EQ>rE H$mS> (mQ>a H$mS>) 0.01 bmI boZ{Q>`
So>{~Q> H$mS> (mQ>a) 0.72 bmI q~Jmo H$mS> Ama no H$mS> VWm 1.80 bmI q~Jmo
H$mS> gp{bV h& df 2011-12 Ho$ XmamZ So>{~Q> H$mS>m] Zo 24.41% d{ XO H$s&
`Wm 31.03.2014 Hw$b So>{~Q> H$mS> 169.23 bmI h& df 2013-14 Ho$ XmamZ hZo
9,723 {JQ> H$mS> (drOm BboQmZ) Omar {H$E h&
EgEEg AQ>g Q>ma gXoe
YmoImYS>r Ho$ amoH$Wm Ho$ $n |, EgEEg AbQ>g OZaoQ> {H$E OmVo h Ama CZ g^r
JmhH$m| H$mo wh`m H$amE OmVo h {Ohm|Zo {ZZ Ho$ {bE ~H$ Ho$ nmg AnZo mo~mBb
Z~a nOrH$V H$admE h&
{S>{bdar MZbm| (BQ>aZQ> ~qH$J/EQ>rE/nrAmoEg) go g^r Zmo g`dhma
JmhH$ mam {H$E JE g^r `10,000/- Ama A{YH$ Ho$ Zmo Ama Om g`dhma
`10,000/- Ama A{YH$ H$s g^r Zmo BgrEg g`dhma
g^r Zmo AmaQ>rOrEg g`dhma
MoH$ ~wH$ Omar H$aZo Ho$ AZwamoY H$mo drH$ma H$aZo na A{^drH${V
Q>ma AmQ>mo{$Z Ama hmCqgJ ImVm| | Xo` {H$V Ho$ {bE AbQ>
BQ>aZoQ> ~qH$J:
`w{Q>{bQ>r {~b Ho$ ^wJVmZm|, E`a Ed aob {Q>{H$Q> ~wqH$J, AmZ bmBZ emqnJ, BQ>a ~H$
Ama BQm ~H$ $S> Qmg$a B`m{X Ho$ {bE JmhH$m| H$mo EH$ Vrd Ama gwa{jV BQ>aZoQ>
~qH$J gw{dYm CnbY h&
^maV | nrEg`y ~H$ | ~H$ Am$ B{S>`m nhbm Eogm ~H$ h {OgZo A{V[a$ gwajm
g~Yr Cnm` Ho$ $n | [aQ>ob Ama H$mnm}aoQ> BQ>aZoQ> ~qH$J XmoZm| Ho$ {bE hr Qy>-$Qa
AmWopQ>Ho$eZ (2E$E) Q>ma Q>moH$Z {H$`mpdV {H$`m& ~H$ Ho$ JmhH$ gwa{jV {H$gr
g`, H$ht go ^r Ama ha H$ma go PPQ> w$ ~qH$J H$m AnZo Ka Ama H$m`mb`
go AnZr gw{dYmZwgma mCg na pbH$ H$aHo$ bm^ CR>m aho h&
CnbY Hw$N> $sMg Bg H$ma h:
AmaQ>rOrEg/EZBE$Q>r gw{dYm H$m BVomb H$aHo$, hmar Q>ma H$ZoQ> BQ>aZoQ>
~qH$J godmAm| Ho$ O[aE ~H$m| | AmZ bmBZ BQ>a ~H$ $S> Qmg$a
AmQ>mo no hoVw ~rAmoAmB Q>ma B-no AWdm {d{^ `w{Q>{bQ>r g{dgoO/{~bm| H$m
AmZbmBZ ^wJVmZ
`j Ed A`j Ho$r` CnmX Ama godm H$am| H$m B-no|Q>
eo`a | QoS> H$aZo Ho$ {bE Q>ma B-eo`a QoS>
B-o$Q> no|Q>
{dXoer `mnma H$m hm{ZXoemb` (S>rOrE$Q>r) bmBg|g $sg AmZ bmBZ B
no|Q>
aobdo Ama E`abmBg {Q>H$Q> H$s AmZbmBZ ~wqH$J
{ejm F$U Ho$ {bE AmZ bmBZ AmdoXZn
BQ>aZoQ> ~qH$J go AmBnrAmoO Ho$ {bE EbrHo$eZ gnm}Q>oS> ~m` bmS> AmCQ>
(EEg~rE) H$mo XoIZo Ama AmdoXZ H$aZo Ho$ {bE CnbY AmZbmBZ gw{dYm
BQ>aZoQ> ~qH$J JmhH$m| H$mo AmZbmBZ {$S> {S>nm{OQ> H$aZo | gW ~ZmZm
BQ>aZoQ> ~qH$J nmgdS> BVomb H$aHo$ So>{~Q>-gh-EQ>rE H$mS> {nZ H$s hmQ>
{bpQ>J/[agoQ>/AZbmH$/M|O
dm{fH$ Q>g {ddaU n ($m 26 EEg)
hmam So>{~Q>-gh-EQ>rE H$mS> aIZo dmbo JmhH$m| H$moB bmBZ no|Q> H$s gw{dYm
XmZ H$s J`r& Bgo Bggo JmhH$ Ho${S>Q> H$mS> Ama BQ>aZoQ> ~qH$J ImVo Ho$
Abmdm AnZo So>{~Q>-gh-EQ>rE H$mS>m] H$m BVomb H$a gH|$Jo&
AmZ bmBZ Q> {S>nm{OQ> agrX {ZH$mbVo g` d mOyXm Q> {S>nm{OQ> agrXm| Ho$
{bE AmZbmBZ ZmmH$Z gw{dYm

/ Annual Report 2013-14

dMm{bV Q>oba erZ (EQ>rE)


~H$ Zo ZoeZb $mBZope`b pdM (EZE$Eg) OmBZ {H$`m h {Oggo Xoe ^a |
85,000+ go ^r A{YH$ EQ>rE Egog H$a gH$Vo h& BgHo$ Abmdm, ~H$ H$e Qr,
~rEEZgrEg Ed Eg~rAmB Jwn ZoQ>dH$ H$m ^r {hgm h& 31 mM, 2014 VH$ H$s
pW{V Ho$ AZwgma hmao 4225 EQ>rE Wo {Og| go 1992 EAmoE$ Ho$ VhV Wo Ama
eof 2293 o$O VI Ho$ AYrZ Wo&
AmBQ>r g{WV godmE:
gH$n 10,000 Ho$ VhV ~H$ H$s hdmH$mjr JmoW bmZ H$s {H$`m | ~H$ Zo
AmBQ>r g{WV JhZ g^m`Vm dmbo CnmXm| H$mo V`ma Ama Mm[aV {H$m h Vm{H$
h Z Ho$db nwamZo JmhH$m| H$mo ~ZmE aI| ~pH$ ZE JmhH$ ^r A{OV H$a|, {deofH$a
Q>oH$ gdr `wdm nrT>r Ho$ JmhH$ AO hoVw YmZ H$m`mb` | EH$ AbJ AmBQ>r g{WV
godmE {d^mJ ~Zm`m J`m h {OgH$m H$m` jo {ZZmZwgma h :
BQ>aZoQ> ~qH$J : [aQ>ob ~qH$J JmhH$ Ed H$mnm}aoQ> JmhH$
mo~mBb ~qH$J
EQ>rE
H$mS> CnmX: So>{~Q> H$mS>, Ho${S>Q> H$mS>, q~Jmo H$mS> {JQ> H$mS>
~rAmoAmB Q>ma [admS> moJm
B-H$mg gw{dYm
B-no gw{dYm
S>rQ>
BQ>Q> Zr Qm$a (AmBEQ>r)
BQ>Q> Zr Q>m$a
~H$ Ho$ JmhH$ CZ bm^m{W`m| H$mo {Z{Y o{fV H$a gH$Vo h {OZHo$ nmg ~H$ ImVm Zht
h Ama So>{~Q> H$mS> ^r Zht h H$e AmCQ> gw{dYm g{hV Zdmoofr, gwa{jV, gab Ama PPQ> a{hV dXoer Zr
Qm$a gw{dYm
24x7x365, gw{dYm {OgH$m bm^ Ama^H$Vm Ama bm^mWu/mH$Vm XmoZm| CR>m
gH$Vo h&
EQ>rE `m [aQ>ob BQ>aZoQ> ~qH$J H$m `moJ H$aVo hE aH$ ^oOr Om gH$Vr h&
{H$gr Eogo bm^mWu/mH$Vm H$mo aH$ ^oOr Om gH$Vr h Omo ~rAmoAmB `m
{H$gr ^r ~H$ H$m JmhH$ Z hmo&
bm^mWu/mH$Vm H$mS> H$m `moJ {H$E {~Zm {H$gr ^r ~rAmoAmB AmBEQ>r
g{WV EQ>rE go aH$ Amh[aV H$a gH$Vm h& (~H$ H$s do~gmBQ> na AmBEQ>r
g{WV EQ>rE H$s gyMr X{eV H$s JB h&)
go$ g{dg-~H$ Ho$ JmhH$ [aQ>ob BQ>aZoQ> ~qH$J `m EQ>rE H$m `moJ H$aVo hE
d` g`dhma H$s nhb H$a gH$Vo h&
O~ bm^mWu/mmH$Vm H$mo VH$m>b `m AmnmVH$mbrZ pW{V | ZH$X H$s
Amd`H$Vm hmo Vmo `h gw{dYm Cn`moJr hmoJr&
O~ bm^mWu/mmH$Vm H$m H$moB ~H$ ImVm Z hmo `m ImVm Z~a mby Z hmo Vmo
`h gw{dYm Cn`moJr hmoVr h&
gyMZm mmo{JH$s {d^mJ
ma^ | hr h `h H$hZm Mmh|Jo {H$ gyMZm mmo{JH$s m EH$ gh`moJ H$m H$m` Zht
h, ~H$ | CgH$s Ah ^y{H$m h& `h nyao ~H$ Ho$ H$m`m] H$s OrdZaoIm h& hmb |
H$m`mpdV nhbm| H$m `mam {ZZmZwgma h:JmhH$ Ho$p nhb : B-Jbar : 19 WmZm| na BgH$s WmnZm H$s Om MwH$s h& 50 WmZm| na BJbar ew H$aZo H$s `moOZm h Ama BgH$s g`m ~T>mH$a 100 WmZm| na Bgo
ew {H$`m OmEJm&
nmg-~wH$ qqQ>J {H$AmH$ : nyao ^maV | 900 Wbm| na bJm`m J`m h&
Mmby {dmr` df Ho$ XmamZ 3000 Wbm| na nmg~wH$ qqQ>J {H$AmH$ Wm{nV
H$aZo H$s hmar `moOZm h&
20

/ BANK OF INDIA

H$e EgoQa {H$AmH$ : nyao ^maV | 246 Wbm| na BgH$s WmnZm H$s Om
MwH$s h& Mmby {dmr` df Ho$ XmamZ nyao ^maV | {d{^$ Wbm| na 1246 H$e
EgoQa {H$AmH$ bJmZo H$s `moOZm h&
EQ>rE H$s Hw$b g`m : Mmby {dmr` df Ho$ XmamZ EQ>rE H$s Hw$b g`m
H$mo ~T>mH$a 8000 H$aZo H$s `moOZm h& ~H$ | EQ>rE H$s g`m 4375 go
A{YH$ hmo JB h&
AmBEQ>r : BQ>|Q> Zr Qm$a (AmBEQ>r) gw{dYm ew H$s JB& Bg gw{dYm
Ho$ ew {H$E OmZo go bm^mWu {~Zm {H$gr ~H$ ImVo `m EQ>rE H$mS> Ho$ aH$
Amh[aV H$a gH$Vm h&
grAmaE n[a`moOZm : Bggo ngZbmBS> godmE ~ohVa hm|Jr, godm-AZwamoY
hoVw Q>ZmamCS> Q>mB H$ hmoJm, ZE CnmXm| H$s noeH$e gw{dYm Ama `mdgm{`H$
gbmh, Ama `h S>mQ>m-BQ>ao$g AmYm[aV Amngr MMm CnbY H$amEJr Ama
AV: Bggo dVwnaH$ y`$ {boJm&
ZH$Xr ~YZ Ed MZb $mBZmpgJ : ^mdr ZH$Xr ~YZ Ama MZb
$mBZpgJ hoVw do~ AmYm[aV BQ>ao$g CnbY H$amVm h&
QoS> $mBZmg : JmhH$m| H$mo Q>oS> $Zmg EpbHo$eZ hoVw do~ AmYm[aV BQ>ao$g
CnbY H$amZm {Ogo dXoer Ed {dXoer n[aMmbZm| hoVw H$moa {$ZH$b Ho$ gmW
EH$sH$V {H$`m OmEJm&
nooQ> JoQ>do g`yeZ : g^r H$ma Ho$ H$mamo~ma Ho$ {bE AmZbmBZ ^wJVmZ
hdnyU hmo aho h& no|oQ> JoQ>do Ho$ H$m`md`Z go ~H$ A` ~H$m| Ed WS>
nm{Q>`m| H$mo nooQ> godmE ~oMH$a amOd AO H$a gH$Vm h&
mo~mBb ~qH$J : h - Q>ma Q>moH$Z EZOr - Zm go Z`m mo~mBb EpbHo$eZ
ew H$a aho h& Bg ZE mo~mBb EpbHo$eZ go mo~mBb, Q>~, AmB nS>
Ho$ m` go BQ>aZoQ> ~qH$J Egog H$aZo | gw{dYm hmoJr Ama Q>r$Qa
AmWopQ>Ho$eZ Ho$ O[aE gwa{jV do~ Eon Egog CnbY hmoJr& Bgo {~Zm {H$gr
A{V[aV AmnMm[aH$Vm Ho$ dVmZ Q>ma Q>moH$Z `yOam| H$mo CnbY H$am`m Om
gH$Vm h&
gmo{e`b r{S>`m H$m AJrH$ma : AZw^d, AZwnmbZ Ogo AZw~moYH$ H$maH$m|
H$mo `mZ | aIVo hE&
nrnrE$ ImVo | am{e Om H$aZm: nrnrE$ Ho$ {bE Wm`r AZwXoe gOZ
H$s gw{dYm g{hV BQ>aZoQ> ~qH$J | nrnrE$ ImVo | AmZbmBZ Om H$s gw{dYm
A~ JmhH$ {H$gr ^r emIm go AnZo nrnrE$ ImVo | aH$ Om H$a gH$Vo h&
ImVm Z~a nmoQ>{~{b{Q> : ~H$m| | JmhH$ godm na XmmoXaZ g{{V H$s
{g$m[aem| Ho$ AZwn, hZo EH$ emIm go Xygar emIm | AVaU hoVw ImVm Z~a
nmoQ>{~{b{Q ew H$s h&
n[aMmbZJV XjVm hoVw mmo{JH$s A{^d{ Ed A` godmE
{$ZH$b | AmCQ>dS> Ama BZdS> EZBE$Q>r hoVw QoQ> Wy mgoqgJ (EgQ>rnr) ew
H$s JB h& Bggo EZBE$Q>r gXoem| H$s d[aV mgoqgJ | gw{dYm hB h&
hZo mgog Z H$s hB BdS>> EZBE$Q>r gXoem| H$s dmngr H$s {H$`m H$mo
{$ZH$b | AmQ>mo{Q>H$ ~Zm`m h& {Oggo dmngr H$s {H$`m | VoOr AmB h&
{H$gr ^r emIm | ZH$X Om Ho$ gj dmH$-BZ JmhH$m| H$mo EZBE$Q>r gw{dYm
AJa EZBE$Q>r am{e ` 50,000/- go H$ h&
dMwAbOoeZ Ho$ AVJV hoVw `moOZm Ho$ AZwn g^r gdam| H$m mBJoeZ hmo
MwH$m h& dMwAbOoeZ B$mQMa A~ nyUV: Wm{nV Ed gwT> {H$`m J`m h
AmdH$VmZwn ZE EpbHo$eZ/gda OmoSo> OmVo h&
{g{~b Ho$ gmW BQ>oJoeZ g{hV Ho${S>Q> EpbHo$eZ mgoqgJ {gQ> (grEnrEg)
H$m H$m`md`Z
hZo 2000 go A{YH$ emImAm| H$mo Q>r moQ>moH$mb bo~b pdqbJ | mBJoQ>
{H$`m h& Bg| d{V ~S>{dW em{b h&
g^r {dXoer Ho$m| | pWV emImAm| H$m {$ZoH$b | g$bVmnydH$ mBJoeZ hmo
MwH$m h& A~ nyao {d | hmam EH$ gmZ gr~rEg gmQ>do`a h&
25 {dXoer emImAm| Ho$ {bE BQ>aZoQ> ~qH$J ew {H$`m J`m h&

/ Annual Report 2013-14

S>mQ>m goQ>a
yb gmBQ> go JmU gmBQ> Ho$ ~rM ^m{VH$ hmS>do`a ~w{Z`mXr gw{dYm H$s 1:1 AZwnmV
| ~mh`Vm Ho$ gmW 15 {ZQ> Ho$ [aH$dar Q>mB Amo~OoQ>rd (AmaQ>rAmo) g{hV
AmBEgAmo 27001:2005 mZH$ g{hV m{UV S>mQ>m goQa H$mo ~H$ Zo g$bVmnydH$
Wm{nV {H$`m h& yb gmBQ> w~B | pWV h VWm AmnXm [aH$dar gmBQ> (S>rAma)
~Jby | pWV h& ey` AmH$S>m hm{Z hoVw yb gmBQ> ^S>maU {VH${V g{hV {Z`a
gmBQ> (EZAma) Wm{nV H$s JB h& `ynrEg Ho$ O[aE Xmo OoZaoQ>a goQ> mam 24 KQ>o
Xmohar nmda Amny{V g{hV g^r H$m`b`, emImE VWm S>mQ>m Ho$ doZ ZoQ>dH$ go
OwS>o h&
S>mQ>m Ho$ Zo VrZ MaUr` gaMZm ~Zm`r h AWmV So>Q>m~og, EbrHo$eZ VWm do~
Omo AmYw{ZH$V n[aMmbZ Umbr, AmaS>r~rEEg g{hV {d{^ hmB-ES> gda |
{dVV h {OgHo$ EbrHo$eZ ~ohVa ~YZ VWm H$m`{ZnmXZ hoVw h&
CnbYVm/jVm Amd`H$VmAm| H$mo {>JV aIVo hE ~H$ gwajm VWm ZoQ>dH$
B$mQMa H$s {S>OmBZ H$s JB h& S>mQ>m goQ>a | gda VWm ZoQ>dH$ $mg Ho$
gdoXZerb jom| hoVw ~m`moo{QH$ nhMmZ g{hV ge$ ^m{VH$ gwajm {Z`U h&
nmda Hw$qbJ, A{amoYH$ VWm S>mQ>m Ho$ ~w{Z`mXr gw{dYm Ho$ A{YH$V ~YZ
VWm A{YH$V {~pS>J ~YZ Umbr g{hV 24x7x365 {XZm| H$m g{nV moV
h& 24x7x365 {ZJamZr hoVw gnyU n[aga gd}bog H$am mam H$da {H$`m J`m h&
~H$ H$s nyUV: H$m`aV AmnXm [aH$dar gmBQ> h Ama VnaVm H$mo gw{Z{V H$aZo Ho$
{bE `oH$ {Vmhr | AmnXm ~YZ A`mg Am`mo{OV Ama {Znm{XV {H$`m OmVm
h& yb go S>rAma gmBQ> n[aMmbZ na OmZo Ho$ {bE ~H$ Ho$ nmg 15 {ZQ> H$m Ama Q>r
Amo h& AmnXm [aH$dar goQ>-An H$m Cn`moJ EAmBEg Ama [anmoQ> OoZaoeZ hoVw H$aZo
H$m {dMma ~H$ Am$ B{S>`m H$m EH$ A{^Zd Cnm` Wm& BgHo$ $bd$n S>rgr Ed
S>rAma ggmYZm| H$m BV gXwn`moJ Vmo hAm hr h, gmW | `h ^r gw{Z{V hmoVm h
{H$ Bg {H$`m | BZ g^r ggmYZm| H$m {ZaVa narjU hmo OmVm h&
~H$ H$m w~B | EH$ S>mQ>m goQ>a h Omo hmar g^r {dXoer emImAm| H$mo EH$ goQb
h~ Ho$ gmW OmoS>Vm h Ama {Oggo ~H$ H$s g^r {dXoer emImAm| Ho$ {bE mgoqgJ H$s
OmVr h& `h 24/7 H|$r` h~ h Omo nyd | OmnmZ go boH$a n{ | `yEgE VH$ H$s
24 {dXoer emImAm| Ho$ gyMZm mmo{JH$s g~Yr Amd`H$VmAm| H$s ny{V H$aVm h&
gmZ hmS>do`a VWm C{MV gmQ>do`a g{hV AmnXm ~YZ hmQ> gmBQ> Wm{nV {H$`m
J`m h Omo S>mQ>m H|$ go S>r Ama gmBQ> VH$ S>mQ>m H$m AmZbmBZ aopbHo$eZ H$aVm h&
EH$ AmnXm ~YZ goQ>An qgJmnwa | h VWm Xygam w~B | h& XmoZm| S>rAma gmBQ> |,
[a`b Q>mB AmYma na g`dhmam| H$m aopbHo$eZ {H$`m OmVm h& C CnbYVm H$mo
gw{Z{V H$aZo Ho$ {bE {Z`{V AmYma na S>rAma {Sg H$amE OmVo h&
S>mQ>m do`ahmCg
~H$ H$s {ZU` ghm`Vm/~YZ gyMZm Umbr | A{^d{ H$aZo Ama VrdVm Ed
^mdr n go H$mamo~mar AmgyMZm m H$aZo hoVw S>mQ>m do`a hmCg g^r nU YmaH$m| H$mo
Ano{jV EAmBEg CnbY H$a ahm h& ~H$ H$m S>mQ>m do`ahmCg H$moa ~qH$J Umbr,
QoOar Ama A` moV Um{b`m| go X{ZH$ AmYma na g`dhma-S>mQ>m ^S>mQ>[aV H$a
ahm h& gmW hr ~H$ Zo S>mQ>m H$s JwUdmm gwYmaZo hoVw nhb H$s h Ama Bggo ~H$
H$m EAmBEg Ama ^r n[aH$V Ama n> hmo J`m h& ~H$, A{YH$me Ama~rAmB
{dda{U`m, ^maV gaH$ma H$s [anmoQ>], AmV[aH$ `moOZ hoVw EAmBEg [anmoQ>m] H$m
gOZ, S>mQ>m do`a hmCg S>mQ>m~og Ho$ S>mQ>m Ho$ AmYma na H$a ahm h& H$mamo~ma d{
H$s {ZJamZr H$aZo Ama Ohm ^r Amd`H$ hmo g` na CnMmamH$ H$madmB H$aZo hoVw
CM ~YZ H$mo VwV S>e~moS> H$m ^mdr `moJ {H$`m OmVm h& ~H$ Zo H$mamo~mar
AmgyMZm Ho$ b`m| H$mo m H$aZo Ho$ {bE ^r H$mamo~ma {dcofU CnH$aUm| H$m `moJ
{H$`m h& ^maVr` [aOd ~H$ Ho$ {ZXoem| Ho$ AZwgma hmao g^r {d{Z`mH$ {ddaU A~
AmQ>moo{Q>S> S>mQ>m bmo (ES>rE$) H$bm`Q> h&
n[a`moOZm Jme{$
~H$ Zo AnZo JmrU JmhH$m| H$mo H$^r ^r, H$ht ^r, H$go ^r ~qH$J godm XmZ H$aZo
hoVw ~H$ mam m`mo{OV g^r AmaAma~r (jor` JmrU ~H$) | 100% gr~rEg
H$m`md`Z hm{gb {H$`m h& AmaAma~r H$s g^r emImE hmao B$mQMa H$m `moJ
H$aVo hE AmaQ>rOrEg/EZBE$Q>r g{WV h& gaH$ma H$s A{YgyMZm Ho$ AZwgma,
A`$ ~H$m| mam m`mo{OV VrZ AmaAma~r H$m gmobZ hmao AmaAma~r Ho$ gmW
{H$`m J`m h& hZo BZ VrZm| AmaAma~r H$m S>mQ>m g$bVmnydH$ O/mBJoQ> H$a
{b`m h&
21

/ BANK OF INDIA

mU n / nwaH$ma
grAmBAmo 100-2012 {dOoVm
AmBgrQ>r g{WV gmYmZ Ho$ m` go {dmr` gmdoeZ n[a`moOZm Ho$ {bE
H$`yQ>a gmogmBQ>r Am$ B{S>`m mam ~H$ H$mo egm mU n XmZ {H$`m J`m
h&
grAmBAmo mQ>g 2013 dJ S>mQ>m g|Q>a H$mo S>mQ>m g|Q>a jo | AZwn CnbpY`m|
H$mo m`Vm XmZ H$aVo hE mU n m hAm h&
grAmBAmo 100 2013 hmar n[a`moOZm H$mo {dOoVm Kmo{fV {H$`m J`m &
H$mM AdmS> hmar n[a`moOZm -2013 H$mo ^maV Ho$ loV | M`{ZV {H$`m
J`m h&
AmB~rE ~qH$J Q>oZmbmOr AdmSg 2012-13 | ~oQ $Zmpe`b BbyeZ
B{Z{eE{Q>d AJ npbH$ goQ>a ~g dJ | $Q> aZa-An nwaH$ma m hAm
h&
EQ>rE Ama EZE$Eg EQ>rE ZoQ>dH$ go H$ZopQ>S> pdM Ho$ g~Y | hdnyU
jom| | Cm H$m`{ZnmXZ hoVw gmdO{ZH$ jo Ho$ ~H$m| Ho$ dJ | EZE$Eg
AmnaoeZb Egobog AdmS> 2013 | EZnrgrAmB go $Q> aZa-An nwaH$ma
m$ hAm h&
WS> nmQ>u CnmX
OrdZ ~rm hoVw Q>mB-An:
~H$ Zo AnZo OrdZ ~rm CnmXm| H$s {~H$s hoVw ~H$ Ho$ g`w$ Cr bmB$ B`moa|g
H$nZr Q>ma `y{Z`Z XmB-BMr bmB$ B`moa|g H$nZr {b. Ho$ gmW AnZr H$mnm}aoQ>
EOogr `dWm H$mo Omar aIm& ~H$ Ho$ bJ^J 3338 H$Mmar Eogo h Omo {d{^
Ho$m| na ~rm CnmXm| H$s {~H$s Ho$ {bE no{g$mBS> ngZ Ho$ $n | H$m` H$aVo h&
Mmby {dmr` df Ho$ XmamZ ~H$ Zo `421 H$amoS> (nm{b{g`m| H$s g`m 78,000 go
A{YH$) H$s r{` H$boQ> H$s Ama g`w$ C H$nZr Ho$ Hw$b ZE H$mamo~ma |
53% go A{YH$ H$m `moJXmZ {X`m&
~H$ Jwn nm{bgr Ho$ VhV AnZo Q>ma hmo bmoZ Ama Q>ma E`yHo$eZ bmoZ Ho$
CYmaH$VmAm| H$mo AmeZb bmB$ B`moa|g H$da H$s noeH$e H$a ahm h Ohm OrdZ
~rm Ho$ {bE CYmaH$Vm H$mo H$ r{` XoZm hmoJm&
ZoeZb B`moa|g H$. {b. (EZAmBgrEb) Ho$ gmW OZab B`moa|g (ZmZ
bmB$) hoVw Q>mB-An:
AmBAmaS>rE mam Omar gemo{YV {Xem{ZX}em| Ho$ AZwnmbZ | EZAmBgrEb Ho$ gmW
dVmZ Vmbob `dWm H$mo H$mnmoaoQ> EO|gr {dVaU | n[ad{VV {H$`m J`m {Og|
~H$ Ogo {dVaH$m| Ho$ gmW ~H$ E`moa|g H$mamo~ma H$da {H$`m J`m& ~H$ Zo ~rAmoAmB
am>r` dm ~rm nm{bgr dm ~rm CnmX H$mo gh-~mS> {H$`m h Omo{H$ EH$
${br bmoQ>a oS>rbo B`moa|g nm{bgr h {Ogo ~hV hr H$ r{` na ~H$
Am$ B{S>`m Ho$ ImVmYmaH$m| H$mo CnbY H$adm`m J`m h& Bggo ImVm YmaH$, nZr
Ama A{YH$V Xmo Am{lV ~m|> H$mo H$daoO Xr JB h& gnyU n[adma (ImVmYmaH$,
CgH$s nZr VWm Xmo Am{lV ~o) H$mo ~rmH$V am{e H$s grm VH$ H$da {H$`m J`m
h {Og| ~rmH$V am{e na n[adma Ho$ gX`m|$ mam AbJ-AbJ g` | bm^ {b`m
Om gH$Vm h& `h EH$ {g CnmX h Ama 31.03.2014 VH$ 1.55 bmI ~H$ Am$
B{S>`m ImVmYmaH$m| Zo `h nm{bgr br h&
dVmZ {dmr` df 2013-14 Ho$ XmamZ EZAmBgrEb hoVw ~H$ mam EH${V Hw$b
r{` `183 H$amoS> ahm {Oggo `16.61 H$amoS> H$s H$reZ A{OV H$s JB&
`wMwAb $S> CnmX:
~H$ JmhH$m| H$s g^r H$ma H$s {dmr` Amd`H$VmAm| H$mo nyam H$a ahm h& ~H$
Zo 10 AmpV ~YZ H$n{Z`m| `mZr Ho$ ~rAmoAmB-Egm `wMwAb $S> {~S>bm
Ed bmB$ `wMwAb $S>, S>rEgnr bH$ amH$ `wMwAb $S>, $H$qbJ Q>|bQ>Z
{Zdoe, EMS>rE$gr `w>MwAb $S>, AmBS>rE$gr `wMwAb $S>, AmBEZOr `wwMwAb
$S>, H$moQ>H$ `wMwAb $S>, [abm`g `wMwAb $S> VWm `yQ>rAmB `wMwAb $S> Ho$
A{YH$m{YH$ {d{dY `wMwAb $S> CnmXm| H$s {~H$s H$a ahm h&

/ Annual Report 2013-14

AmpV dgybr Ed EZnrE ~YZ


{H$gr ^r ~H$ H$s bm^XVm Ho$ {bE Ja {ZnmXH$ AmpV`m| (EZnrE) H$m Va ~hV
hr hdnyU h Ama n[aUmd$n EZnrE KQ>mZo hoVw H$moB ~H$ {OVZm `mg H$aoJm
XrKmd{Y | Cgo CVZm hr bm^ {boJm& df 2013-14 | ^r EZnrE ~YZ Ho$ jo
Ho$ {ZnmXZ Ho$ gwYma H$s `mm Omar ahr& EZnrE | H$r H$aZm ~H$ H$s gdm}H$
mW{H$Vm h VWm Bg H$m` | Yrao-Yrao hmm ~T> ahr h& EZnrE H$s m{ Ama
dgybr H$aZo Ho$ {bE Amd`H$ Cnm` ma^ {H$E JE& ~>o ImVm| H$s dgybr VWm
EZnrE ImVm| | A^m[aV/dgyb Z {H$E JE `mO | dgybr H$mo A{YH$ H$aZo hoVw
`mg {H$E JE {OgZo ~H$ Ho$ bm^ | H$m$s ~T>moVar hB& {ZZ{bpIV Vm{bH$m |
{dJV 3 dfm] | EZnrE ~YZ Xem`m J`m h:(` H$amoS> |)
X

31.03.12
(dmV{dH$)
4,812

31.03.13
(dmV{dH$)
5,894

31.03.14
(dmV{dH$)
8,765

Hw$b EZnrE (AmonqZJ)


KQ>mE:
ZH$Xr-dgybr
1,205
1,245
3,066
C`Z
487
759
938
~>o ImVo | S>mbZm
2,415
2,415
1,767
Hw$b H$r
4,107
4,419
5,771
OmoS>|:
pbnnoO
5,401
7,379
8,811
dgyb Z {H$`m `mO
212
89
-63
(`yAmaAmB) ({dmr` df
2009-10 go ma^)
Hw$b EZnrE (bmoqOJ)
5,894
8,765
11,869
~>o ImVo/`ygrAmB/`yAmaAmB
672
1,051
878
| dgybr
{Zdb EZnrE
3,656
5,947
7,417
Hw$b A{Jm| na gH$b EZnrE
2.34
2.99
3.15
H$m %
{Zdb A{Jm| na {Zdb
1.47
2.06
2.00
EZnrE H$m %
df Ho$ XmamZ ~H$ Zo `4243 AmCQ>Q>qS>J Ho$ gmW n[agn{m H$mo ~oM {X`m
(H$mnm}aoQ> VWm IwXam) Ama XmoZm| ZH$Xr d EgAma AmYma na {Og| n[agn{m H$mo
`11.53 H$amoS> | ~oMm J`m& ZH$Xr d EgAma AmYma Ama [aOd gn{m Ho$ KQ>H$
`146 H$amoS>/`2471 H$amoS> H$e: h&

bm^ (` H amoS )
2.99%

2.23%
2.34%

0.91%

mM '12

1.47%

mM '13

gH b AZOH
{Zdb AZOH

22

2.06%

mM '14

/ BANK OF INDIA

F$U {ZJamZr
dVmZ Am{WH$ n[a` | AmpV JwUdmm go g~{YV qMVm H$s dOh go EH$ gwT>
{ZJamZr V H$m hmoZm A{Zdm` h X~md/g^m{dV MyH$/F$U MwZmVr | MyH$ Ho$
ma{^H$ gHo$V XoZo dmbo ImVm| H$s nhMmZ hoVw, ~H$ Ho$ F$U {ZJamZr {d^mJ mam
{d{^ Cnm` Ed VarHo$ AnZmE Om aho h&
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dmbo ImVo XemE OmVo h {OZ na `mZ {X`m OmZm Ano{jV hmoVm h&
N>moQ>o F$U ImVm| H$s {ZJamZr hoVw AmM{bH$ Ho$m| | dgybr H$j Wm{nV {H$E
JE h& `10 bmI go H$ Ho$ ImVm| |, AmM{bH$ H$m`mb` go CYmaH$Vm H$mo, Xo`
VmarI go 10 {XZ nhbo EH$ {gQ> OZao{Q>S> A{J gyMZm ^oOr OmVr h, {Og|
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Ho$ AVJV {H$V AXm Zht H$s OmVr h Vmo dgybr hoVw {Z`{V AZwdVZ {H$`m
OmVm h&
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`100 bmI go H$ VH$ Ho$ ~H$m`m dmbo [aQ>ob F$U ({ejm F$U N>moS>H$a)
Ama EgEB F$U ImVmo | A{VXo` am{e`m| H$s dgybr hoVw H$s JB Wr & H$mb
goQ>a CYmaH$VmAm| H$mo H$mb H$aVm h Ama emImAm| H$mo AmJo H$s H$madmB hoVw
CYmaH$Vm-dma AmQ>moo{Q>S> $sS>~H$ m hmoVm h&
~H$ mam {Z{Y XmZ H$aZo go nhbo F$U {H$`m boIm narjm (grnrE) H$aZo go,
g^r Oyar eVm] Ama {Z`m| H$m AZwnmbZ gw{Z{V {H$`m OmVm h& Bgr H$ma
g^r nm ImVm| | nZb Ho$ gZXr boImH$ma mam Q>mH$ Ed m`m| H$s Amd{YH$
boIm narjm H$aZo go ~H$ H$mo ^m[aV AmpV`m| H$s JwUdmm H$s A{^ajm
gw{Z{V hmoVr h&
g^r AMbm| | AmM{bH$ F$U {ZJamZr g{{V H$s ~R>H$m| H$m Am`moOZ {H$`m
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X~md/AWm`r {dnWZ Ho$ gHo$V dmbo CYmaH$VmAm| H$s Xo`VmAm| H$s nwZaMZm
H$s OmVr h ~eV} b~r Ad{Y | `o `dhm` hm| Ama dVmZ Ama~rAmB
{Xem{ZX}em| Ho$ AZw$n Cg F$U H$mo EH$ AOH$ AmpV Ho$ $n | ~ZmE aIZm
g^d hmo & `100 bmI Ed A{YH$ Ho$ g^r nwZa{MV A{Jm| Ho$ g~Y | C{MV
y` | mg Ed Cg na mdYmZ H$m n[aH$bZ YmZ H$m`mb` Va na {H$`m
OmVm h&
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AW`dWm$ | `{$ AmpV`m| Ho$ nwZma H$s $naoIm Ho$ AVJV
Ama~rAmB mam hmb hr | Omar {Xem{ZX}em| H$m H$m`md`Z {H$`m Om ahm h&
gwYma H$madmB `moOZm (grEnr) AnZmB Om ahr h&
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AVJV) Omo EH$ ^mdr AmpV JwUdmm ~YZ o$dH$ Ho$ {ZmU | ghm`Vm hmoJr&
Bg mS>yb go g^r emImAm| Ed {Z`H$ H$m`mb`m| H$mo CZHo$ g^r F$U AmpV`m|
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AmpV dJuH$aU em{b h &
emIm ZoQ>dH$ Ed {dVma
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{XZmH$ 31.03.2014 H$s pW{V Ho$ AZwgma ^maV | ~H$ H$s Hw$b 4650 emImE Wr&
{d Ho$ g^r hdnyU {dmr` Ho$m| VWm g^r Q>mB OmoZm| | 25 emImAm| VWm 31
{V{Z{Y H$m`mb`m| mam hmar CnpW{V H$m AZw^d hmoVm ahVm h&
df 2013-14 Ho$ XmamZ ~H$ Zo 358 ZB emImAm| Ho$ g{hV 05 {dVma H$mCQ>am| H$mo
nyU emImAm| | n[ad{VV {H$`m J`m&

/ Annual Report 2013-14

~H$ Ho$ emIm ZoQ>dH$ H$s gaMZm {ZZmZwgma h:


dJ

31.03.2013
31.03.2014
emImAm| Hw$b H$m % emImAm| Hw$b H$m %
H$s g
H$s g
hmZJar`
787
18.34
17.93
833
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742
17.29
789
16.98
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1,165
27.14
1,258
27.08
JmrU
1,598
37.23
1,766
38.01
Hw$b emImE
4,292
100
4,646
100
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emImAm| H$m VmZmVaU dH$pnH$ WmZm| na {H$`m J`m VWm Hw$N> {dVma H$mCQ>a
Omo AN>r OJh na pWV Wo Ch| nyU emIm | n[ad{VV {H$`m J`m& Bg Zr{V H$mo
AmJmr df | ^r Omar aIZo H$m BamXm h& ^maVr` [aOd ~H$ Zo AnZo n[an H$.
S>r~rAmoS>r.Z.~rEnrS>r.~rgr.60/22.01.001/2013-14 {XZmH$ 21.11.2013 mam
AnZr emIm m{YH$aU Zr{V H$mo Ama CXmadmXr H$aVo hE {Q>`a 1 go {Q>`a 6 Ho$m|
na {~Zm CZgo nydmZw{V {bE ~H$m| H$mo emImE ImobZo H$s AZw{V Xr h& ~H$ Zo
Bg Adga H$m bm^ CR>mVo hE Bg dJ | emImE ImobZo hoVw AMbm| go Vmd
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31.03.2013
31.03.2014
Hw$b emImAm| H$s g`m
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4,702
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56
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4,292
4,646
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1,258
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271
271
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{deofrH$V emImAm| H$m dJ


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{S> H$mnm}aoQ> emImE
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emImE
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31.03.2013
100
03
10
42
06
15
26

31.03.2014
100
03
10
42
06
15
26

01

01

/ BANK OF INDIA

H$.g. {deofrH$V emImAm| H$m dJ 31.03.2013


31.03.2014
9. Amdmg VWm `{$JV {dm
24
24
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{H$`mAm| H$m gOZ H$aZo hoVw ~H$ | {dnUZ {deof `mZ H$m Ho$ ahm h& hmb |
~H$ Zo AnZr {dnUZ `dWm H$mo nwZJ{R>V {H$`m h& ZB {dnUZ `dWm Omam{e
gJhU (gaH$mar Omam{e`m g{hV) Ama QQ>, Egmo{gEeZ, bg Ed gmogmBQ>rO
(Q>rEgrEg), [aQ>ob Ed EgEB A{J, dH$pnH$ Vw>{V mm (ES>rgr) CnmX,
WS> nmQ>u CnmXm| H$s {~H$s, Am{X na {deof `mZ XoJr& {dnUZ Q>m$ emImAm|
| VZmV {H$E JE h& emImAm|/AmM{bH$ H$m`mb` go EQ>S h Ama AmM{bH$
H$m`mb` | VZmV {dnUZ wI Ho$ AYrZ H$m`aV h&
{dnUZ Q>r H$mo Ama ge$ ~ZmZo Ho$ {bE, ~H$ Zo {nN>bo 3 {dmr` dfm] Ho$
XmamZ 400 go A{YH$ {deofk mH}$qQ>J EOo`y{Q>d ^Vu {H$E h& `Wm 31 mM
2014 {dnUZ Ho$ `mgm| H$mo {deof `mZ XoZo hoVw ~H$ | 386 go A{YH$ mH}$qQ>J
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gmm{hH$ CnmX kmZ {V`mo{JVmAm| H$m Am`moOZ {H$`m OmVm h&
~mqS>J J{V{d{Y`m : BoO {~pS>J/ ~mS> {~pS>J hoVw ~H$ Zo AJV, 2013
mh Ho$ XmamZ Hw$N> MwqZXm am`m| o {~J ~Oma Q>ma | {dkmnZ Ed ~mqS>J
H$noZ hoVw m`moOZ {H$`m Wm& OZdar 2014 Ho$ XmamZ Q>S>S> MmQ>S> w~B aWZ
| ^r ^mJ {b`m& $adar 2014 Ho$ XmamZ ~H$ Zo bmdmgm {dg SmBd Ho$ N>R>o
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{H$`m& ZE S>m`S> Ed b{Q>Z ImVmYmaH$ OmoS>Zo Ama Eogo dVmZ JmhH$m| Ho$
gmW [aVm| H$mo gwT> H$aZo na Omoa {X`m Om ahm h&
brS> ZoO|Q> {gQ> : ~H$ Ho$ g^r {dnUZ Q>m$ Ho$ {bE EbEEg
gmQ>do`a A{Zdm` ~Zm`m J`m h& `h Umbr {d{^$ Vam| na g{OV brSg
H$mo ^mdr $n go H$Ma, mZrQ>a, QH$ H$aVr h Ama Ch| ~X H$aVr h Ed
CZH$m {dcofU H$aVr h& AMbm| go wI A{YH$m[a`m| Ho$ {bE H$m`embmE
Am`mo{OV H$s JB&
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A{OV H$aZo hoVw {d{^ H$noZ/nhb ew$ {H$E JE h& {dmr` df Ho$ XmamZ
{d{^ WS> nmQ>u CnmXm| Ho$ {bE [admS> ES> [aH$[eZ H$m`H$ Am`mo{OV {H$E
JE h&
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`Vm ~T>mZo Ama ~H$ Ho$ IwXam CnmXm| H$mo nyao ^maV | ~T>mdm XoZo hoVw {deof $n go
{S>OmBZ {H$E JE Q>r r{S>`m H$mnm}aoQ> A{^`mZ ew$ {H$`m & r{S>`m `moOZm Ho$ {bE
hmao AZwmo{XV Wr [aVm| H$s OmnyOr H$mo hr AmYma ~Zm`m J`m Ama Cgo Omar aIm

/ Annual Report 2013-14

J`m& hmao gamho JE Q>rdrgr ({nJr ~H$, H$nb, XmoVr, bmoqOJ Q>mB, ~g Am{X)
H$mo {d{^ ao{S>`mo, Q>rdr MZbm| Ama pQ>bog {gZom | AmZ H$sZ J{V{d{Y`m|
Ho$ m` go gm[aV {H$m Jm& Bg A{^`mZ Ho$ O[aE ~H$ Ho$ Amdmg F$U, AmQ>mo
F$U, EgEB F$U, {ejm F$U, gn{m Ho$ {Z{m F$U, dH$pnH$ Vw{V m`
CnmX Ed H$mgm Ogo A` CnmXm| H$m qQ> r{S>`m mam AWmV wI am>r`/jor`
X{ZH$m| | {d{^ {dkmnZm| mam gma {H$`m J`m& hmZJar` VWm A` H|$m| Ho$ wI
WmZm|, aobdo VWm E`anmoQ> hmo{S>J mam AmoAmoEM J{V{d{Y`m| H$mo AmJo ~T>mZo Ho$ {bE
Cgr Wr H$m `moJ {H$`m J`m& Bg A{^`mZ nhb Ho$ H$maU AN>m bm^ {bm Ama
~H$ Ho$ CnmXm| H$mo ~T>mdm XoZo Ama Wm{nV H$aZo Ho$ A{V[a$ H$mnm}aoQ> BoO | ^r
d{ hB& A{^`mZ Ho$ Abmdm {d^mJ Zo hmao IwXam CnmX J{V{d{Y`m| Ogo AMb
gn{m | {Zdoe, H$ma, Cn^mo$m dVwE IarXZo, Aj` VVr`m, {Xdmbr Ama `mhmam|/
ew^ Adgam| na gmoZm AWdm JhZo IarXZo Ho$ Mma-gma H$m H$m` ^r {H$`m J`m&
~mS> Ed CnmX H$s `Vm | A{^d{ H$aZo Ho$ {bE {d^mJ Zo H$B H$m`H$ m`mo{OV
{H$E Ogo ~So> pQ> MoZ Q>moa, {d{^ nmoQg gyna {garO | Hw$N> ~S>r J{V{d{Y`m|
| {dkmnZ, VrW`m{`m| Ho$ {bE Aml` mb Ho$ {ZmU; AVam>r` gobZm| Ed
VH$ZrH$s gWmZm|, am` gaH$mam| Ho$ oJm gmH${VH$ H$m`H$m|, {d{^ Ym{H$/
H$mboO/Hy$b H$m`H$m|, [a`b EQ>oQ> Ed Amdmg {dm Egnmo, ~mm Hw$bm H$mbog
Ho$ AmBEbE$Eg aWZ, Q>S>S> MmQ>S> ~H$ Sr aZ, S>mQ>am|, o{S>H$b Egmo{gEeZm|
Ed H$ga Ho$`a $mCSo>eZm| mam w~B Ed AhXm~mX | hoW Ho$`a Wr na gobZm|
| ^mJ boZm Am{X&
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H$s h; SICON-2013 gobZ, B{S>`Z Mo~a Am$ H$mg, ^maVr` ~H$ gK, nyao
^maV | H$bm VWm gH${V H$s XoI^mb H$a aho - E$AmBgrgrAmB, EemoMo Ho$
{d{^ H$m`H$m| | {dkmnZ& ~H$ H$s `Vm H$mo ~T>mZo Ho$ {bE Xw~B | Am`mo{OV
BQ>aZoeZb ~qH$J AmnaoeZ go{Zma (EgAmB~rAmoEg) 2013 | gh^m{JVm Ama
A` H$B J{V{d{Y`m hmao mam H$s JB h&
hmo{S>J bJmZo H$s J{V{d{Y`m| | ~mS> BoO H$mo ~T>mZo Ho$ {bE hmZJar` Ama nyao
^maV Ho$ hdnyU OJhm| na hmo{S>J bJmE JE Ama w~B Ho$ {d{^ OJh A`
CnmXm| na Zr`Z gmBZ, ZB {Xr, hXam~mX, ~Jbmoa hdmB A>mo Ama {d{^ aobdo
Q>oeZm| Ama A` OJhm| na {d^mJ mam hmo{S>J X{eV {H$E JE&
n[aMmbZmH$ lo>Vm
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go Cm JmhH$ godm XmZ H$aZo H$s AnZr dMZ~Vm H$mo XmohamVm h&
~H$ ^maVr` ~qH$J g{hVm Ama mZH$ ~moS> (~rgrEg~rAmB) H$m 2006 | CgH$s
ew$AmV go hr, dpN>H$ gX` ahm h& BgHo$ nrN>o ~H$ H$m `h H$gX ahm h {H$ dh
EH$ nmaXeu VarHo$ | C Va H$s godm wh`m H$amZo H$s AnZr JmhH$ CwIVm Ama
dMZ~Vm na ~b Xo Ama JmhH$m| H$mo gw{dk {ZU` boZo Ho$ {bE Amd`H$ OmZH$mar
wh`m H$amE& ^maVr` ~qH$J g{hVm Ama mZH$ ~moS> H$m n[aemo{YV H$moS> 2014
~H$ mam AJrH$ma {H$`m J`m h Ama do~gmBQ> na X{eV {H$`m J`m h& n[aemo{YV
H$moS> H$s {V`m JmhH$m| H$s gyMZm Ho$ {bE JmhH$m| | g{dV[aV H$aZo Ho$ {bE w{V
H$admB Om ahr h& ~H$ Zo AmB~rE mam ~Zm`r J`r {d{^ JmhH$ Ho$pV Zr{V`m|
Ogo Omam{e Zr{V, MoH$ dgybr Zr{V, {eH$m`V {ZdmaU Zr{V, {VH$ma Zr{V, Xo`m|
H$s dgybr Ed {V^y{V nwZ: A{YJhU Zr{V H$mo AJrH$a {H$`m h& VH$ KQ>H$m| Ho$
mbo | go$ H$Q>S>r Ama EgS>rdr bmH$g go dVwAmo H$s gwnwXJr Ho$ {bE Ama VH$
Omam{e ImVo | Xo` Ho$ {ZnQ>mZ H$s {H$`m H$mo gabrH$V {H$`m h&
gJ ^maVdf | Qm>$ {ejU Ho$m| na MbmE Om aho {d{^ {ejU
nmR>H$m| Ho$ g^r gh^m{J`m| H$mo EH$ bKw {$ {XImB Om ahr h `h {$
dm{N>V Q>m$ `dhma na h Ama nyar {$ ~H$ n[aga | hr ~ZmB J`r h&
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Va na gwYmamH$ H$X CR>mE Om gH|$&
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hmoJr Ama gwYmamH$ H$X CR>mE Om gH|$Jo&
24

/ BANK OF INDIA

ggyMZm Ho$ BboQm{ZH$ $n Ho$ `moJ na gd{YV ~b XoZo go {eH$m`Vm| Ho$ {bE
{V{H$`m g` A{YH$me mbm| | 10 {XZm| VH$ H$m hmo J`m h&
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Ho$ {bE {dcofH$ [anmoQ> OZaoQ> H$aZo Ho$ {bE bmJy H$s JB h&
df | Xmo ~ma JmhH$ godm Ed {eH$m`V {ZdmaU gmh ZmE JE h& BZH$m
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emImAm| | Cn AmM{bH$ ~YH$m| mam Jw Xmam&
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CnbY h&
~H$ g^r emImAm| | ngZbmBS> MoH$ ~wH$ Omar H$a ahm h&
hmno VWm ^monmb | Xmo H$mb goQ>a Wm{nV {H$E JE h Ama {d{^ Vam| na `h
nyN>VmN> /godm AZwamoY/{eH$m`V Am{X m H$a|Jo& Q>mob $s g.1800220229
h Ama {Z`{V g.02240919191 h&
[aQ>ob/EgEB/H${f/H$mnm}aoQ> IS>m| | g`mZwgma mogoqgJ Ama /EH$beZ
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h&
JmhH$m| Ho$ moma Ho$ {bE bmJ H$moS> 9225592255 Wm{nV {H$`m J`m h&
OmopI ~YZ Ed {Z`U
OmopI {H$gr ^r ~H$ H$s J{V{d{Y H$m A{^ Vd h& VXZwgma, OmopI {Z`U
H$m` H$m `moOZ Z {g$ OmopI H$mo H$ H$aZm h A{nVw gWm mam ^br^m{V nydm}
nm` H$s nhMmZ VWm OmopI ~YZ Ama BZ `mgm| na C{MV [anmoQ> V`ma {H$`m
OmZm gw{Z{V H$aZm h Vm{H$ CnpWV OmopI, n[aMmbZ H$s {ZaVaVm hoVw IVam
Z ~Z OmE& Bgo `mZ | aIH$a ~H$ Zo `dWm Wm{nV H$s h Ed ~H$ `dWm
gMm{bV H$aVm h Omo `h gw{Z{V H$aVm h {H$ EH$b AmYma na VWm ~H$ H$s gJ
OmopI pW{V Ho$ g~Y | gJV OmopI H$ma H$m {ZaVa y`mH$Z hmoVm ahoo&
~H$ | OmopI ~YZ {d{^ OmopI Ho$ ~YZ Ho$ {bE erf H$m`nmbH$m| H$s
n[aMmbZmH$ Va g{{V mam ghm`Vm m erf Va na ~moS> H$s OmopI ~YZ
g{{V g{hV ~moS> mam gMm{bV H$m` h& {d{^ AdWm AWmV nhMmZ, mnZ,
{ZJamZr Ed {Z`U gp{bV OmopI ~YZ H$s {H$`m C ~hV OmopI
~YZ, F$U OmopI ~YZ, n[aMmbZmH$ OmopI ~YZ, ~mOma OmopI ~YZ,
So>[ado{Q>d, EEbE, {dXoer wm Ed S>rqbJ $ n[aMmbZ hoVw Zr{V`m| | gm{d>
h& BZ AdWmAm| go EH$ {Z`U MH$ Wm{nV hmoVm h, {Og| $sS>~H$ Ed $sS>
$madS> byn ^r em{b hmoVo h&
gV J{V{d{Y`m| Ed CnmX | g^r g^m{dV OmopI H$s nhMmZ, n[a^mfm Ama
[aH$m{S>J {dVV {dcofU Ho$ m` go VWm CZH$s OmM n[aMmbZmH$ Va na
OmopI g{{V VWm Q>mH$ $mog mam H$s OmVr h& ~H$ H$s OmopI $naoIm ^r {Vmhr
AmYma na V`ma H$s OmVr h& {d{^ gmYZ Ed Umbr Ogo {ddoH$ gV grm,
Z`m ~mgob AZwdVu F$U loUr {ZYmaU mS>b, F$U boIm narjm, ~mOma OmopI hoVw
drEAma mS>b, n[aMmbZmH$ OmopI Ho$ {bE w` OmopI gHo$VH$ H$s QoqH$J

/ Annual Report 2013-14

Ho$ gmW g`mo{OV d{ZYmaU H$m` mam nhMmZ {H$E JE OmopI Ho$ {ZYmaU/mnZ
hoVw ma^ {H$E JE h& {dcofU Ho$ {bE `mnH$ AmH$S>o CnbY H$amZo hoVw S>mQ>m
do`ahmCqgJ moOoQ> H$m`mpdV H$sm Jm h& ~H$ F$U OmopI ~YZ gmQ>do`a
H$m`mpdV H$a ahr h Omo AmH$S>m| H$s JwUdmm Ed nyUVm VWm BgHo$ OmopI ~YZ
H$m` H$mo AVZ H$aZo | ~H$ H$s ghm`Vm H$aoJm&
31.03.2008 go ^mdr ^maVr` [aOd ~H$ Ho$ {Xem{ZX}emZwgma F$U Ed ~mOma
OmopI hoVw mZH$sH$V {>H$moU VWm n[aMmbZmH$ OmopI hoVw yb gHo$VH$
{>H$moU na AmYm[aV Z`r nyOr n`mVm gaMZm (~mgob II) Ho$ AVJV nyOr n`mVm
Ho$ n[aH$bZ H$s {Xem | ~H$ WmZmV[aV hAm h&
{d{^ OmopI Ho$ {ZYmaU/mnZ, BgH$s OmopI dhZ jVm H$s grm Ed OmopI
d OmopI H${V Ho$ g~Y | AmV[aH$ nyOr Ho$ C{MV Va Ho$ {bE dm{fH$ AmYma
na ~H$ AmV[aH$ nyOr n`mVm {ZYmaU {H$`m (AmBgrEEnr) H$m` H$aVm h& Ma
pW{V | ^r g^m{dV ^md H$s ~ohVa gP go ~H$ H$mo AdJV H$a OmopI {ZYmaU
H$s d{ Ho$ {bE X~md OmM {H$`m {H$`merb h& ^{d` | OmopI {Z`H$ H$m`
Ed gnyU gWm XmoZm| Ho$ {bE {ZU` boZo Ama dV {Z`H$ H$m` Ho$ {ZnmXZ Ho$
{ZYmaU hoVw ^r Cn`w$ go EH$ Co` AmYm[aV H$m` Ano{jV h&
F$U OmopI Ho$ VhV nyOr ^ma n[aH$bZ Ho$ {bE ~H$ H$mo $mCSo>eZ BQ>Zb aoqQ>J
~oS> (E$AmBAma~r) {>H$moU | ~XbZo Ho$ {bE Ama~rAmB go AZw{V {b JB
h& ~H$ Zo n[aMmbZ OmopI Ho$ {bE X Q>S>mS>mBS> AmoM (Q>rEgE) | ~XbZo
hoVw AmdoXZ {H$`m h&
OmopI ~YZ Umbr H$s ^mderbVm H$mo ~T>mZo Ama gwT> H$aZo Ho$ {bE ~mOma
OmopI Ho$ {bE BQ>aZb mS>b AmoM (AmBEE) | ~XbZo Ho$ {H$`mYrZ h&
~H$ H$s ~mS>, {V>m Ama AmpV`m| Ho$ gajU hoVw AmV[aH$ {Z`U Ho$ gwT>rH$aU
mam ~H$ Ho$ ~T>Vo hE H$mamo~ma Ho$ YmoImYS>r OmopI Xya H$aZo Ho$ n> Co` go ~H$
Ho$ nmg gw{V{>V YmoImYS>r OmopI ~YZ Umbr h&
Ama~rAmB Ho$ ~mgob III {Xem{ZX}em| Ho$ AZwgma ~H$ nyOr n`mVm AZwnmV H$m ^r
n[aH$bZ H$a ahm h&
~H$ Ho$ nmg gT> gyMZm gwajm Umbr Ama {H$`m h& [a`b Q>mB gyMZm gwajm
`mg/KQ>ZmAm| na 24x7 AmYma na {ZJamZr Ho$ {bE ~H$ Zo {d{^ gyMZm gwajm
n[a`moOZmE H$m`mpdV H$s h& ~H$ Zo H$pQ>d {g`w[aQ>r AmnaoeZ goQ>a (EgAmogr)
Ama^ [H$m h& ~H$ ISO 27001, PCI-DSS2.0 Ama BS25999 m{UV h&
mZd ggmYZ {dH$mg
{H$gr ^r gWm Ho$ {dH$mg | mZd ggmYZ EH$ hdAmnyU ^y{H$m {Z^mVm h&
mZd ~YZ H$m {gb{gbm {Z`w{$ {H$`m go ew$ hmoVm h VWm {d{^ J{V{d{Y`m|
Ogo {ejU, WmnZ, H$m`{Znm{XZ grjm, nXmo{V Am{X go hmoH$a JwOaVr h&
nXZerb gJR>ZmH$ gH${V Ho$ gOZ | mZd ggmYZ {d^mJ H$s EH$ hdnnyU
^y{H$m h {OgHo$ O[aE H$Mm[a`m| H$mo AnZo gdm}H$> H$m`-{ZnmXZ Ho$ {bE
mogm{hV Ama o[aV {H$`m OmVm h&
Zr{V`m, ^Vu Ama nXmo`{V
H$mnm}aoQ> b`m| H$s m{ | mZd ggmYZ ~YZ H$s hdVnyU ^y{H$m h& ~qH$J
Ogo godm AmYm[aV CmoJ |, d[aV Ed XjVmnyU godm na hr g$bVm {Z^a hmoVr
h {Ogo ghr {V^mdmZ `{$`m| H$s ^Vu, JyqJ Ama ghr bog|Q> go hm{gb {H$`m
Om gH$Vm h& nyao ~qH$J CmoJ | Q>m$ H$s H$r H$s g`m h Ama ~H$ {b{nH$s`
Ed A{YH$mar dJ | H$Mm[a`m| H$s ^Vu hoVw ^agH$,$ `Z H$a aho h& godm {Zdm
hmo aho H$Mm[a`m| Ho$ ~Xbo `wdm H$Mm[a`m| H$s ^Vu hoVw g{H$`m `mg {H$E Om aho
h& `wdm A`V{W`m| mam JmrU VZmVr drH$ma Z H$aZo, m{H$ j{Vny{V, g~{YV
~H$m| | A`{YH$ Q>m$ H$s H$r Ho$ H$maU g^r nrEg~r mam EH $gmW ^Vu {H$`m
ew H$aZo, Am{X {Z{hV AdamoYm| Ho$ ~mdOyX ~H$ Bg| g$b hmo gH$Vm h& AmZo dmbo
dfm] | A{YH$me nrEg~r, AmB~rnrEg mam Am`mo{OV Am ^Vu {H$`m Ho$ m`
go ^Vu H$a|Jo {Oggo ~H$m| | ZE ^Vu hE H$Mm[a`m| mam ~H$ N>moS>Zo H$s KQ>ZmAm|
| {JamdQ> AmEJr&
~H$ Zo {dmr` df 2013-14 Ho$ XmamZ {d{^ doVZmZm| | gmm` ~qH$J Ed
{deofk dJ | 1720 A{YH$m[a`m| VWm {b{nH$s` gdJ | 2448 H$Mm[a`m| H$s
^Vu H$s h&
25

/ BANK OF INDIA

~H$ Zo 1993 gmm` ~qH$J A{YH$m[a`m| Ama 3995 {b{nH$s` Q>m$ H$s ^Vu hoVw,
H$X CR>mE h& `h Amem H$s OmVr h {H$ emIm {dVma/H$mamo~ma {dVma Ho$ gmWgmW godm{Zd{m /drAmaEg Ho$ H$maU Cn O$aVm| H$mo nyam H$aZo Ho$ {bE ZE ^Vu
hE {b{nH$ Ama A{YH$mar {dmr` df 2014-15 H$s nhbr {Vmhr | [anmoQ> H$a|Jo&
EMAma Ho$ jo | {H$E OmZo dmbo A`o nhb {ZZmZwgma h : ~H$ H$s Znmda AnojmAm| H$m dkm{ZH$ AmH$bZ Ogo mZd ggmYZm| H$s
Xm| | nyU gmYmZ CnbY H$amZo hoVw Ama A{YH$ EMAmaEEg moS>yg
(J{V{d{Y`m|) H$mo em{b Ama goH$Z {H$`o J`o h;
dm{fH$ H$m`{ZnmXZ y`mH$Z Umbr H$m gabrH$aU;
nXmo{V Zr{V H$mo Ama dVw{Z> ~ZmZo Ama dVmZ AnojmAm| Ho$ AZwn Cgo
gw`mo` ~ZmZo hoVw CgH$s grjm;
hm~YH$ (m.g.) mam EMAma nhb g~{YV gwPmdm| Ho$ {d{Z`, EMAma
Zr{V`m| H$mo VmH$m{bH$ ~ZmZo Ho$ {bE {Z`{V $n go Q>maSo>H$ XoIm Om ahm
h;
F$U, $maog, {dnUZ, dgybr Ogo jom| | {deof Hw$ebVm m A{YH$m[a`m|
H$s nhMmZ Ho$ mam "Q>boQ> ~H$' H$s ewAmV&
A{YH$m[a`m| Ho$ {bE nmVm eVm] | T>rb XoVo hE d[aV nXmoH${V {H$`m H$s
ewAmV;
H$Mm[a`m| Ho$ {bE, Jyn goqdg qbS> B`moaog, So>W [abr$ H$s, H$Mm[a`m|
Ho$ ~m| Ho$ {bE {ejm `` {Vny{V `moOZm, ZH$Xa{hV CnMma hoVw {d{^{
AnVmbm| Ho$ gmW JR>~YZ `dWm, godm{ZdV H$Mm[a`m| Ho$ {bE {M{H$gm
ghm`Vm, Ogo {d{^ H$`mU Cnm` H$m`mpdV {H$E Om aho h&
A``Z Ed {dH$mg
H$Mm[a`m| Ho$ H$meb {dH$mg mam {dOoVm Q>r V`ma H$aZm mZd ggmYZ {d^mJ Ho$
H$m` H$m hdnyU AJ h& Cnamo$$ Ho$ AZwn Ama hmao ~S>o mZd ggmYZ nyb Ho$
ghr gm` H$m nyam bm^ CR>mZo H$s Amd`H$Vm H$mo nhMmZVo hE, mZd ggmYZ
{d^mJ go EH$ AbJ ^mJ A`m`Z Ed {dH$mg H$m JR>Z {H$`m J`m h& A``Z
Ed {dH$mg ^mJ AnZo bJmVma {ejU Ed {dH$mg H$m`H$m| VWm mS>yg Ho$
O[a`o H$Mm[a`m| H$mo AnZo gdm}H$> H$m`-{ZnmXZ Ho$ {bE mogmhZ XoVm h Ama
o[aV H$aVm h, H$Mm[a`m| H$s jVm | d{ Ama {d{^ IS>m| | JmhH$m| {ZV
~XbZo dmbr H$mamo~mar Amd`H$VmAm| H$mo nyam H$aZo Ho$ {bE Ch| ghr H$meb Ama
kmZ go gpmV H$aZo | CoaH$ H$m H$m` H$aVm h& ZB nXmo{V Zr{V H$mo ~moS> mam
08.12.2012 AZwmoXZ XmZ {H$`m J`m&
nyao Xoe | ~H$ Ho$ N>: {ejU hm{dmb` h& ~YZ {dH$mg gWmZ (ES>rAmB),
gr~rS>r ~obmnwa, Zdr w~B erf Va H$s {ejU WmnZm h, Mma {ejU
hm{dmb` (EgQ>rgr) hdnyU Ho$ WmnZ ^monmb, MoZ, ZmoES>m Ama H$mobH$mVm |
h Ama EH$ gyMZm mmo{JH$s {ejU Ho$ (AmBQ>rQ>rgr) nwUo | h& df 2013-14
Ho$ XmamZ BZ g^r hm{dmb`m| | Am`mo{OV 1013 H$m`H$m| | ~H$ Ho$ 24130
H$Mm[a`m|, AmaAma~r Ama A` gJR>Zm| Ho$ 1570 H$Mm[a`m| H$mo {ejU {X`m
J`m&
{nN>bo df Ho$ XmamZ ~H$ | 1690 ZE grYo ^Vu A{YH$mar VWm 2378 {b{nH$
^Vu hE& BZHo$ {bE g^r {ejU Ho$m| Ho$ gmW-gmW ~H$g $moeQ>-H$mo`~mya
| nWH$ BS>eZ {ejU H$m`H$ Am`mo{OV {H$E J`o& ~H$a $moeQ>-H$mo`~mya |
688 S>rAmaAmo H$mo BS>eZ {ejU {X`m J`m O~ {H$ eof Q>m$ H$mo hmao Ho$m| |
BS>eZ {ejU {X`m J`m& Eogo `oH$ ~M H$mo mMm` Ama hm~YH$ ES>rAmB,
~obmnwa Ama/AWdm hm~YH$ (EMAma) mam ~H$ Ho$ ~rHo$gr Am{S>Q>mo[a` `m
A` {ejU H|$m| na `{$JV $n go AWdm dr{S>`mo H$m|$pgJ Ho$ m`> go
g~mo{YV {H$`m J`m & Hw$N> Adgam| na hmar A`j Ed ~Y {ZXoeH$ lrVr
dr.Ama.A`a, H$m`nmbH$ {ZXoeH$JU Ed AZoH$ hm~YH$m| mam S>rAmaAmoO
H$mo g~mo{YV {H$`m J`m& ES>rAmB | {hbm A{YH$m[a`m| Ama {b{nH$m| Ho$ {bE
Am`mo{OV {deof H$m`H$m| | {V^m{J`m| H$mo hmar A`j Ed ~Y {ZXoeH$
lrVr dr.Ama.A`a Zo g~mo{YV {H$`m& godm{Zdm hmoZo dmbo H$Mm[a`m| Ho$ {bE

/ Annual Report 2013-14

ES>rAmB-~obmnwa | H$m`H$ H$m Am`moOZ {H$`m J`m&


1795 A{YH$m[a`m| H$mo ^maV | ~mhar gWmAm| | Zm{V {H$`m J`m Ama 20
A{YH$m[a`m| H$mo {ejUm|, gobZm| Ed go{Zmam| | ^mJ boZo Ho$ {bE {dXoem| |
{V{Z`w$ {H$`m J`m&
ES>rAmB ~obmnwa Zo {dXoer emImAm| | VZmV Q>m$ Ho$ {bE {ejU H$m`H$ H$m
Am`moOZ {H$`m {Og| 26 {V^mJr Wo&
g^r ZE nXmoV hm~YH$m|, Cn hm~YH$m| Ed ghm`H$ hm~YH$m| Ho$ {bE
AmBAmBE-AhXm~mX, EEggrAmB-hXam~mX | 5-{Xdgr` ZoVd Ed n[adVZ
~YZ H$m`H$m| H$m Am`moOZ {H$`m J`m&
{V{>V gWmZ ~rAmBAmaS>r bIZD$ | ZE M`{ZV 30 gH$m` gX`m| Ho$ {bE "QoZ
{X QoZg' H$m`H$ H$m Am`moOZ {H$`m J`m&
AmBAmB~rE$, w~B Ama EZAmB~rE-nwUo | AmBAma/AmBEb VWm gVH$Vm
{d^mJ, H$mgm H$mCQ>a VWm Ho${S>Q> H$mCQ>a na H$m`aV 202 A{YH$m[a`m| Ho$ {bE VrZ
{XZ Ama nmM {XZm| H$m {d{e> H$m`H$ Am`mo{OV {H$`m J`m&
g^r AmM{bH$ H$m`mb`m| mam hmao ~H$ Ho$ godm{Zdm H$m`nmbH$m| H$s ghm`Vm go
Xmo hrZo Ho$ {Z`{V AVamb na Ho${S>Q>/$maog VWm H${f {dm/IwXam ~qH$J na
Hw$b 239 VrZ {Xdgr` bmoHo$eZb H$m`H$m| H$m Am`moOZ {H$`m J`m {Og| 6420
Q>m$ gX`m| H$mo {ejU {XE JE&
~H$ Zo 63 A{YH$m[a`m| H$mo AVam>r` ~qH$J AZw^d hoVw {dXoer emImAm| | {V{Z`w$
{H$`m& BZ g^r A{YH$m[a`m| H$mo QoOar emIm AVam>r` {d^mJ, YmZ H$m`mb`, w~B
AmodagrO emIm | AmZ X Om~ QoqZJ {X`m J`m&
~mhar gWmAm| Ho$ {bE ~H$ Ho$ {ejU Ho$m| | H$m`H$m| H$m Am`moOZ {H$`m J`m
Ogo o$S>mB H$s Amoa go ES>rAmB-~obmnwa, EgQ>rgr, ^monmb Ama EgQ>rgr ZmoES>m
Ama EgQ>rgr Mo | ""{dXoer {d{Z` na EH$ gmh H$m A{^wIrH$aU H$m`H$'',
EgQ>rgr-ZmoES>m | ""goQb ~H$ Ho$ S>rAmaAmoO Ho$ {bE BS>eZ {ejU'', ~H$ Ho$
S>rbam| Ho$ {bE ES>rAmB Zo ""~mog moJm'' H$m ^r Am`moOZ {H$`m {Og| A`$ ~H$
Ho$ A{YH$m[a`m| Zo ^r ^mJ {b`m&
AmM{bH$ H$m`mb`m| VWm YmZ H$m`mb` Ho$ Ho$b I go IV VH$ Ho$ g^r A{YH$m[a`m|
Ho$ {bE AmZ-bmBZ moS>Q> ZmboO Q>oQ> {H$`m J`m&
gmO Ho$ {V hmao H$V` H$m {Zdmh H$aVo hE {d{^' ~YZ gWmAm| go 469
N>mm| Zo ~H$ | ga BQ>Z{en H$m bm^ CR>m`m&
7 Ama~rAmB A{YH$m[a`m| Ho$ {bE Ama~rAmB A{YH$m[a`m| Ho$ {bE dm{Up`H$ ~H$
{ejU H$m Am`moOZ {H$`m J`m&
ZB {Xr AMb | AmB~rnrEg Ho$ n | A{YH$m[a`m|/{b{nH$m| Ho$ gmjmH$ma
Am`mo{OV H$aZo Ho$ {bE hmam ~H$ ZmoS>b ~H$ h& EgQ>rgr-Zmo`S>m Zo {Xg~a 2013
Ama OZdar 2014 hrZm| | BZ gmjmH$mam| H$m Am`moOZ {H$`m&
EMAmaEEg Ho$ AVJV QoqZJ mS>yb H$mo bmBd ~ZmH$a ~H$ H$s {ejU Umbr
Zo EH$ hdnyU CnbpY hm{gb H$s h& Bggo AmM{bH$ Va na ~H$ | {d{^
{ejU H$m`H$m| Ho$ {bE AmZbmBZ ZmmH$Z H$aZo | gw{dYm hB h Ama ZmmH$Zm|
H$s {ZJamZr hoVw YmZ H$m`mb` Va na [anmoQ> H$m gOZ hmoVm h&
`Wm 31.03.2014 ~H$ | 17581 A{YH$m[a`m|, 17940 {b{nH$m| Ama 7622 ghm`H$
Q>m$, Hw$b 43143 H$m d{H$ mZd ggmYZ {V^m CnbY h&
Jh n{H$m H$meZ (VmamJU VWm ~rAmoAmB JmBqS>J Q>ma)
{nN>bo 49 dfm] go hmar Jh n{H$m "VmamJU' ~H$ Ho$ AmV[aH$ ggyMZm hoVw hdnyU
^y{H$m {Z^m ahr h& `h ~H$ Ho$ {V H$Mm[a`m| H$s dMZ~Vm ~T>mZo H$m EH$
m` h& `h EH$ Eogm M h {Og| boIm|, H${dVmAm|, AZw^dm|, H$mQw>Zm| Am{X Ho$
O[aE H$Mmar AnZr gOZerbVm H$m BOhma H$a gH$Vo h& BgHo$ A{V[a$ hmar Jh
n{H$m | JmhH$m| H$s g$bVm H$s H$hm{Z`m, JmhH$m| H$s gmm{OH$, nXmoVr g~{YV
{deof CnbpY`m ^r ahVr h& `oH$ AMb | "VmamJU' go g~{YV H$m`m] H$mo XoIZo
Ho$ {bE AmM{bH$ {V{Z{Y h& hmar Jh-n{H$m H$m yb Co` hmao Q>m$ gX`m|
Ho$ ~rM AmV[aH$ ggyMZm hoVw hdnyU ^y{H$m {Z^mZm h&
26

/ BANK OF INDIA

/ Annual Report 2013-14

hmar Jh-n{H$m Zo 2013 Ho$ XmamZ H$B {V{>V gWmAm| go nwaH$ma m {H$E
h {Og| Jh n{H$m | ~mS> Egobg Ho$ {bE AVam>r` nwaH$ma em{b h& m
nwaH$ma H$m `mam {ZZmZwgma h:
gdW AVam>r` nwaH$ma Xw~B | 24 {gV~a, 2013 H$mo Am`mo{OV "WS>
E{e`Z brS>aern EdmS> 2013' Ho$ XmamZ E{e`Z H$m$S>aoeZ Am$ {~OZog
mam Jh n{H$m | ~mS> Egbg nwaH$ma m hAm&
am>r` nwaH$ma npbH$ [aboeZ gmogmBQ>r Am$ B{S>`m (nrAmaEgAmB), ZB
{Xr go AJoOr n{H$m Ho$ dJ | VVr` nwaH$ma mM 2013 gH$aU go`yQ> Qy>
dyoZ nmda Ho$ {bE m hAm&
Mma nwaH$ma Eemo{gEeZ Am$ {~OZog H$`y{ZHo$Q>g Am$ B{S>`m (E~rgrAmB)
go 18 AQy>~a, 2013 H$mo w~B | Mma lo{U`m| | `Wm hoS>bmBZ dU, $sMg
(b|doO) {gda, noeb H$mb (b|doO) {gda, $moQ>moJm$s ~m|O nwaH$ma
{b|&
^maVr` [aOd ~H$ (Ama~rAmB) mam 28 AJV, 2013 H$mo g^r gmdO{ZH$
jo Ho$ ~H$mo Ho$ ` hmar n{H$m H$mo "MVwW' nwaH$ma m hAm&
eboOm Zm`a $mCSo>eZ (AmBgrB) Zo 27 OyZ, 2013 H$mo Am`mo{OV AmBgrB BZhmCg H$`y{ZHo$eZ Eebg EdmS> | hmar n{H$m H$mo g{Q>{$Ho$Q> Am$ o[aQ> {X`m&
H$mnm}aoQ> OmZH$mar H$s n{H$m "~rAmoAmB JmBqS>J Q>ma' H$m Ama^
O~yV AmV[aH$ ggyMZm H$m hmoZm ~hV hdnyU h& `h hgyg {H$`m J`m {H$
A` H$mnm}aoQ> ZoVd Ho$ {dMmam| H$mo gwZZo Ama eo`a H$aZo Ho$ {bE ~m ggyMZm
hmoZr Mm{hE&
Bg n[ao` | EH$ Z`m H$mnm}aoQ> ZmboO JOrZ "~rAmoAmB JmBqS>J Q>ma' ~ZH$mZ
2013 Ho$ XmamZ Zd~a, 2013 | Ama^ H$s JB Omo ~H$ Ama hmB mo$mBb Ho$ ~rM
AZ` H$mnm}aoQ> ggyMZm h {Og| ^maV Ho$ {V{>V {dOZ brS>a, gK gaH$ma Ama
Ama~rAmB Ho$ d[a> A{YH$m[a`m|, H$mnm}aoQ> H$n{Z`m| Ho$ $mQ>bmBZ grBAmo, grES>r,
BS>r VWm {dmr` jo Ho$ EgnQ>, momo{JH$s ZoVd, ~YZ Jw$, {ejH$, AmBAmBE,
AmBAmBQ>r VWm {V{>V {d{dmb`m| Ho$ nwVH$mb`m|, Am{WH$ nmH$ma VWm r{S>`m
epg`V, {dkmnZ VWm {dnUZ {deofk Ama H$bm Ho$ epg`V em{b h& BgHo$ Xmo
gH$aU H$m{eV hmo MwHo$ h Ama CmoJ OJV Ho$ ZoVmAm| go AN>r $sS>~H$ {br h&
AmajU Zr{V H$m AZwnmbZ
~H$, ^maV gaH$ma H$s AmajU Zr{V H$m nyUV: AZwnmbZ H$a ahm h& YmZ
H$m`mb`/AmM{bH$ H$m`mb`m| | {deof ^Vu Ed Eggr/EgQ>r H$j AmajU Zr{V Ho$
H$m`mdn`Z Ama Eggr/EgQ>r/Amo~rgr H$Mm[a`m| go g~{YV {eH$m`Vm| Ho$ {ZdmaU
H$s {ZJamZr Ho$ {bE H$m`erb h&
AZwgy{MV Om{V Ama AZwgy{MV OZOm{V Ho$ CrXdmam|/Q>m$ H$mo {b{nH$s` gdJ
go gmm`/ ~qH$J A{YH$mar gdJ | Ama A{YH$mar gdJ Ho$ ^rVa doVZmZ I go
doVZmZ II, doVZmZ II go doVZmZ III | nXmo{V`m| Ho$ {bE ^Vu nyd Ama nXmo{V
nyd {ejU {X`m OmVm h& df 2013-14 Ho$ XmamZ Eggr/EgQ>r H$Mm[a`m| H$mo
XmZ {H$E JE ^Vu nyd Ama nXmo[V nyd {ejU Ho$ {ddaU {ZZmZwgma h :
H$. gdJ
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723 293 0
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2020

~H$ Zo YmZ H$m`mb` | H$e: Amo~rgr VWm Eggr/EgQ>r Ho$ {bE w` gnH$
A{YH$m[a`m| Ho$ n | hm~YH$ H$mo {Z`w$ {H$`m h& Eggr/EgQ>r/Amo~rgr dJm]
go g~{YV A{YH$mar gnH$ A{YH$mar/H$j A{YH$mar Ho$ n | AmM{bH$ H$m`mb`m|

| {Z`w$/ {H$E h& gaH$mar {Xem{ZX}em| H$s eVm] Ho$ AZwgma YmZ H$m`mb`/
AmM{bH$ H$m`mb` | nX AmYm[aV AmajU amoQ>a H$m aIaImd {H$`m OmVm h
{OgH$m {ZarjU dm{fH$ AmYma na {H$`m OmVm h& YmZ H$m`mb` Ed AmM{bH$
H$m`mb`m| | WmO{nV Eggr/EgQ>r H$j ^yVnyd g{ZH$m|/Ae$ `{$`m| Ogo dJm]
Ho$ g~Y | AmajU Ho$ H$m`mdZ Ho$ gmW ^r g~ h&
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{d{Y {d^mJ AmV[aH$ gw{dYmXmVm Ho$ n | H$m` H$aVm h Ama YmZ H$m`mb` |
H$m`aV {d^mJm| | Cn {d{^Z mbm| | am` XoZo, XVm $doOrH$aU, dmX-{ddmXm|
Am{X H$s XoI^mb H$aVm h, BgHo$ A{V[a$ {d{^ EZ~rOr/AMbm|, ^maVr`
emImAm| VWm ~H$ H$s AZwf{J`m| go am`, dmX-{ddmX VWm {dm XVmOm| Ho$ gmXo/
doqQ>J H$m H$m` H$aVm h Omo {H$gr {deof Oyar/Amdp`H$VmAm|/AVZm|/XVmdoOm|
Ho$ n[aemoYZ hoVw C{MV h& {d{Y {d^mJ {deofk {d^mJ Ogo gyMZm mmo{JH$s/
AVam>r`/H$mofmJma/H$mS> CnmX Am{X H$s {d{e> OaVm| H$mo nyam H$aVm h Ogo
{d{^Z H$ama/g{dg bodb EJr|Q> (EgEbE) (gmQ>do`a/hmS>do`a IarXZm, godm
Vda Ho$ H$ama, {d{^ H$ma H$s Q>mB-An dWmE/ZE CnmX Am{X) Ho$ XVmdoOm|
H$m gmXm V`ma H$aZm/doqQ>J H$aZm&
hmao gmO | gyMZm H$m A{YH$ma A{Y{Z` Zo w` ^y{H$m bo br h Ama ~H$ |
{d{^ Vam| na ~hV A{YH$ AmdoXZ m hmo aho h& ~H$ Zo {d{^ AMbm|/EZ~rOr
| Ho$r` OZ gyMZm m{YH$mar Ama Anrb A{YH$mar A{^{ZYm[aV {H$`m h& {d{Y
{d^mJ Ho$ Cnhm~YH$/ghm`H$ hm~YH$ ({d{Y) ^r ~H$, YmZ H$m`mb` Ho$
nXZm{V grnrAmBAmo h Ama {d{Y {d^mJ Ho$ hm~YH$ Anrb m{YH$mar h& {Og|
YmZ H$m`mb` Ho$ {d{^ {d^mJm| go Amd`H$ gyMZm m H$aHo$ {Z`V 30 {XZm|
H$s g` grm Ho$ AXa AmdoXH$ H$mo ^oOZm Ama A` AMbm|/EZ~rOr H$mo {d{e>$
{~XwAm| na mJXeZ XoZm em{b h& Q>m$ gX`m| Ho$ ~rM OmJH$Vm nXm H$aZo Ho$
{bE {d{Y {d^mJ mam "{bJb `ygboQ>a' {Z`{V n go Omar {H$`m OmVm h Ama
n[aMm{bV {H$`m OmVm h& BgHo$ Abmdm ZdrZV {d{Y mbm| | g`-g` na
n[an Omar {H$`m OmVm h&
~H$ mam Xm`a dmX Ho$ g~Y | dmX n AZwmoXZ H$aZm
n[aga go g~{YV {d{Y mbo {Og| {~H$s/n>m {dboI H$m doqQ>J, am` wh`m
H$admZm Am{X em{b h&
eo`a Qm[eZ Ho$ mbo
^maVr` [aOd ~H$, {dm mb` Am{X Ogo {d{^ {Z`mH$ m{YH$m[a`m| Ho$
{bE Xm`a dmX/{S>H$s mbm| go g~{YV So>Q>m/AmH$S>mo H$mo gJh H$aZm Ama
VwV H$aZm& 1 H$amoS> Ama A{YH$ Ho$ mbm| H$s {ZJamZr H$aZm&
~H$ Ho$ {d Xm`a `m{MH$mAmo, mbm|, Anrbm|, Xmdm| Am{X na gbmh XoZm
Ama Ohm ^r OaV hmo AmdoXZm|/enW nm| H$s doqQ>J H$aZm&
~H$ Ho$ {d mbm|/AmH$pH$ Xo`Vm Ho$ mbm| H$m {ddaU V`ma H$aZm,
AMbm| go AZwdVu H$madmB Am{X
27

/ BANK OF INDIA

mb`, ^maVr` [aOd ~H$ Ama AmB~rE Ho$ {d{^ mbm| na {d{^ m|
H$m Odm~ XoZm {Og| {d{^ A{Y{Z` Ho$ gX^ Ho$ AVJV ZE {d{Y/gemoYZ
em{b h&
{bJb `ygboQ>a
ZmJ[aH$ mam gyMZm H$m A{YH$ma A{Y{Z` Ho$ AVJV {H$E JE AZwamoY H$m
Cma XoZm Bg| AZwamoY H$m gH$aU H$aZm, g~{YV {d^mJ H$mo Cgo AJo{fV
H$aZm, AZwdVu H$madmB H$aZm, g~{YV {d^mJ go OmZH$mar gJh H$aZm Ama
g`mZwgma Cma (30 {XZm| Ho$ AXa) XoZm em{b h& `{X Eogo AmXoem| na Anrb
H$s OmVr h Vmo Cg Anrb H$m AmJo gH$aU H$aZm Ama g`mZwgma CgH$m
{ZnQ>mZ H$aZm& BgHo$ A{V[a$, gyMZm H$m A{YH$ma Ho$ AVJV m| H$m Cma
XoZo Ho$ {bE AMbm| Ama emImAm| H$m mJXeZ H$aVm h& O~ ^r Amd`H$Vm
hmo {d{Y {d^mJ grAmBgr Ho$ gj nm{Q>`m| mam Xm`a Anrbm| H$s gwZdmB Ho$
{bE grAmBgr Ho$ gmZo VwV hmoVo h&
AZwnmbZ
{d{Z`mH$ Ho$ gX^ | AZwnmbZ H$m$s hdnyU h `m|{H$ {d{Z`m| H$s g`m ~T>
ahr h Ama EH$ gWm | AZwnmbZ H$s Amd`H$Vm Ho$ g~Y | ~S>o nmZo na gP
H$s H$r h& Bg H$ma AZwnmbZ, VoOr go H$mnm}aoQ> emgZ Ho$ {bE qMVm H$m {df`
~Z J`m h&
^maVr` [aOd ~H$ Ho$ {Xem{ZX}em| Ho$ AZw$n ~H$ H$s AZwnmbZ H$m`Zr{V ~H$ Ho$
~moS> mam AnZmB JB h& ~H$ | hm~YH$ H$s loUr Ho$ w` AZwnmbZ A{YH$mar
Ho$ ZoVd | dV AZwnmbZ {d^mJ H$m` H$a ahm h& ~H$ Ho$ gm{d{YH$, {d{Z`mH$
Ed AmV[aH$ {Xem{ZX}em| H$m AZwnmbZ, ~H$ Ho$ AZwnmbZ H$m` H$m n[aMmbZ H$m`
jo h&
{d^mJ Zo emIm ~qH$J Ho$ {ZZ{bpIV jom| Ho$ {bE AZwnmbZ {Z` V`ma {H$`m h :
{ddaUr
Amd{m
{Z`m| H$s g.
m{gH$
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AnZo JmhH$ H$mo Om{ZE/YZemoYZ {ZdmaU/
AmVH$dmX Ho$ {dm nmofU H$m {VamoY
(grEE$Q>r)
{Vmhr
59
Om am{e`m d godmE
A{J
{Vmhr
59
E$BEE
{Vmhr
119
Cn`w$m {Z`m| H$m mUrH$aU {ZYm[aV AVamb | `oH$ AMb mam VwV
{H$`m OmVm h& nyao ^maV df | {d^mJ mam Hw$N> MwZr hB emImAm| | {Z`m| na
AmYm[aV AY dm{fH$ AZwnmbZ narjU {H$`m OmVm h& Bg AZwnmbZ narjU |
nmE JE n[aUmm| H$s [anmoQ> C ~YZ Ho$ gj VwV H$s OmVr h& `oH$ AMb
Ho$ AZwnmbZ H$m` H$s {ZJamZr Ho$ {bE g~{YV AmM{bH$ H$m`mb` | AZwnmbZ
A{YH$mar A{^{ZYm[aV {H$E JE h& {dXoem| | AZwnmbZ Ho$ {bE ^r {d^mJ {OoXma
h& {dXoer emImAm| | bQ>a Va na {ZJamZr H$s OmVr h&
AZwnmbZ {d^mJ, A` ~mVm| Ho$ gmW-gmW ~moS>/gdm} ~YZ/YmZ H$m`mb` Ho$
{d^mJm| H$mo {ZZ{bpIV OmZH$mar VwmV H$aVm h :
i. ~moS> H$mo {dXoem| | {d{Z`mH$m| Ho$ CKZ, `{X H$moB hmo, na m{gH$ g{Q>{$Ho$Q>
VwV {H$`m OmVm h;
ii. ~moS> H$mo So>[ado{Q>g Ho$ g~Y | m{gH$ [anmoQ>;
iii. ~H$ Ho$ gj AZwnmbZ OmopI na m{gH$ ZmoQ> gdm} ~YZ H$mo VwV
H$aZm;
iv. Ho$dmBgr/EEEb/grE$Q>r | {bE JE wI nhbm| na m{gH$ ZmoQ> ~moS> H$mo
VwV H$aZm&
v. m{gH$ AmYma na ^maVr` [aOd ~H$ mam Omar n[anm| H$m gmame Ama CgH$m
AZwnmbZ ~moS> H$mo VwV H$aZm;
vi. {dXoer Ho$m| go m KmofUmAm| Ho$ AmYma na {dXoer Ho$m| | {d{^ {d{Z`mH$
O$aVm| H$m nmbZ {H$`m Om ahm h, Bg g~Y | C ~YZ H$mo m{gH$
mUn;

/ Annual Report 2013-14


vii.

~moS> H$mo ~H$ Ho$ AZwnmbZ H$m` na {Vmhr [anmoQ> VwV H$aZm;
AMbm| go AZwdVu H$madmB/gwYma Ho$ {bE AZwnmbZ MyH$ Ho$ CXmhaU
YmZ H$m`mb` Ho$ {d^mJm| H$mo XoZm;
ix. ~moS> H$s boIm narjm g{{V H$mo {Vmhr AmYma na ^maVr` [aOd ~H$ mam
Omar {d{^ n[anm| /AZwXoem| na ~H$ H$m AZwnmbZ VwV H$aZm;
x. ~moS> H$s boIm-narjm g{{V H$mo Ho$dmBgr/EEEb/grE$Q>r Ho$ H$m`md`Z
grjm H$s {Vmhr [anmoQ> VwV H$s OmVr h&
xi. Ama~rAmB mam {d{Z{X> H$boS>a Am$ [a`y H$s {ZJamZr Ama ~moS> H$mo Bg na
{Vmhr AmYma na [anmoQ> VwV H$aZm&
xii. H$bm`g $eZ nm{bgr Ho$ nam 12 (xii) Ho$ AZwgma, {d^mJ AnZr
H$m`mH$Vm na EH$ dm{fH$ [anmoQ> ~moS> H$mo VwV H$aoJm&
{d^mJ H$mo ~H$ | AnZo JmhH$ H$mo Om{ZE/YZemoYZ {ZdmaU Cnm`/grE$Q>r
{Xem{ZXem| H$mo bmJy H$aZo/{ZJamZr aIZo H$s {OoXmar ^r Xr JB h& ^maVr` [aOd
~H$ Ho$ {ZXoemZwgma {d^mJ Zo g^r dVmZ ImVm| | Ho$dm`gr mZXS> Ho$ AZwnmbZ
H$mo gw{Z{V H$aZo H$m H$m J^raVm go {b`m h& {$ZoH$b {gQ> | `oH$ ImVo |
Ho$dmBgr pW{V H$mo ZmoQ> H$aZo Ho$ {bE AbJ A{Zdm` {$S> S>mbm J`m h& g^r
emImAm| | Ho$dmBgr AZwnmbZ Z {H$E JE ImVm| H$mo nhMmZZo, Ho$dmBgr XVmdoO
m H$aZo VWm {$ZoH$b {gQ> H$mo C{MV n go AVZ H$aZo H$s {H$`m Mb ahr
h&
YZemoYZ {ZdmaU A{Y{Z`, 2002 (nrEEb A{Y{Z`) Ho$ Cn~Ym| Ho$ AZwgma
Ama CgHo$ AVJV ~ZmE JE {Z`m| Ama Ho$dmBgr Ho$ g~Y | ^maVr` [aOd ~H$
mam Omar {Xem{ZX}em| Ho$ AZwgma emImE, JmhH$m| Ho$ ghr nhMmZ Ho$ {bE ZdrZV
$moQ>moJm$, nhMmZ H$m mU VWm dVmZ nVo H$m mU m H$a ahr h& H$ Am`
gyh Ho$ `d{$`m| Ho$ ImVo ImobVo g` gabrH$V Ho$dmBgr mZXS> ew {H$E JE
h& g^r JmhH$m| H$mo OmopI YmaUm Ho$ AmYma na C, ` d `yZ OmopI dJ
| dJuH$V {H$`m J`m h& dVmZ Ama~rAmB Ho$ {Xem{ZX}em| Ho$ AZwgma OmopI
dJuH$aU H$s grjm `oH$ N>h hrZo | H$s OmZr Mm{hE& 30.09.2012 go AY
df H$s gmr go ImVm| H$s OmopI dJuH$aU H$s grjm H$mo YmZ H$m`mb` |
Ho$r`H$V H$a {b`m J`m h&
~H$ Zo YZemoYZ {ZdmaU A{Y{Z`, 2002 Ho$ mdYmZm| Ama CgHo$ gemoYZm| H$mo
{ZZm Zwgma H$m`mpdV {H$`m h:
1. q{gnb A{YH$mar H$s {Z`w{$ H$s JB h (w` AZwnmbZ A{YH$mar hr
YZemoYZ [anmo{Q>J A{YH$mar EEbAmaAmo h);
2. ~H$ {dmr` AmgyMZm BH$mB-^maV (E$AmB`y-AmBEZS>r), ZB {Xr H$mo
`10 bmI go A{YH$ Ho$ g`dhma Ho$ g~Y | m{gH$ H$e QmOeZ [anmoQ>
(grQ>rAma) VwV H$a ahm h;
3. ~H$ EZnrAmo Ho$ ImVm| | `10 bmI go A{YH$ AWdm CgHo$ gVw` {dXoer
wm Ho$ Om Ho$ g~Y | m{gH$ ZmZ-mo{$Q> AmaJZmBOoeZ QmOeZ [anmoQ>
(EZnrAmoQ>rAma) VwV H$aVm h;
4. ~H$ E$B`y-AmBEZS>r H$mo nhMmZ hmoZo na, g{XY gdhma [anmoQ> (EgQ>rAma)
VWm Ombr H$a|gr [anmoQ> (grgrAma) ^r VwV H$aVm h;
5. nrEEb A{Y{Z` Ho$ mdYmZm| Ho$ AZwgma [aH$mS>m] H$m n[ajU VWm aIaImd;
6. H$mg ~mS>a dm`a Qmg$a na E$AmB`y-AmBEZS>r Zo Z`m [anmoQ> Ama^ {H$`m h
AWmV ` 5 bmI go A{YH$ AWdm {dXoer wm | CgHo$ gVw` H$mg ~mS>a
dm`a Qmg$a na m{gH$ [anmoQ>; ~H$ Bgo ^oOZo Ho$ {H$`mYrZ h&
YZemoYZ {ZdmaU A{Y{Z` Ho$ AVJV g{XY g`dhmam| H$mo A{^{ZYm[aV H$aZo Ho$
{bE ~H$ Zo EQ>r Zr bmS>[aJ gmQ>do`a (EEEbAmogrHo$) m {H$`m h& ~H$ Zo
H$m$s gmao AmB~rE AbQ>> {gZoarAmo ^r AnZmB Om ahr h& 30.06.2014 VH$ eof
{garAmo ^r H$m`mdZV {H$E OmEJo& AmgVZ `h gmQ>do`a {V{XZ H$ar~ 30,000
AbQ>g (AmB~rE Ho$ AbQ> {gZoarAmo Ho$ H$m`md`Z Ho$ ~mX) OoZaoQ> H$aVr h& {d^mJ
mam BZ AbQ>m] H$s OmM H$s OmVr h& Ohm ^r Amd`H$Vm hmo AMbm|/emImAm|
Ho$ gmW AZwdVu H$madmB H$s OmVr h Ama `{X AMb/emIm Ho$ n>rH$aU go ~H$
gVw> Zhr ht h Vmo E$AmB`y AmBEZS>r H$mo gXrY g`dhma [anmoQ> (EgQ>rAma)
XO H$aVr h&
viii. g~{YV

28

/ BANK OF INDIA

{d^mJ YmZ H$m`mb` Ho$ g^r {d^mJm| Ho$ ~rM gd` H$aHo$ ^maVr` [aOd ~H$
mam dm{fH$ {dmr` {ZarjU (EE$AmB) Ho$ H$m` H$s XoI^mb H$aVr h& EE$AmB
[anmoQ>m} H$s OmM H$s OmVr h VWm ^maVr` [aOd ~H$ H$mo AZwnmbZ VwV H$s OmVr
h& df 2012-13 go Ama~rAmB Zo EE$AmB Ho$ ~Xbo OmopI AmYm[aV n`dojU
(Ama~rEg) Ama^ {H$`m h& df 2012-13 Ho$ {bE Ama~rEg 16.12.2013 H$mo
Ama^ H$s JB VWm 25.02.2014 H$mo gm H$s JB& 28.03.2014 H$mo `h [anmoQ>
m{ H$s JB& ~H$ Bg| Xr JB {Q>n{U`m| na Cma V`ma H$a ahm h&
g^r {Z`H$ EOopg`m| H$m ~H$ go gnH$ Ho$ {bE `h {d^mJ EH$b gnH$ {~Xw h&
gVH$Vm
{dm mb` VWm Ho$r` gVH$Vm Am`moJ H$s gh{V go {Z`w$ hm~YH$ loUr
Ho$ w` gVH$Vm A{YH$mar ~H$ H$s gVH$Vm `dWm Ho$ wI h& g^r gVH$Vm
mbm| | AZwemg{ZH$ m{YH$m[a`m|/{Z`H$ m{YH$m[a`m| H$mo gbmh XoZo Ho$ {bE
grdrAmo H$mo Eogo A{YH$m[a`m| H$s ghm`Vm m h {Oh| AdofU Ama AZwemg{ZH$
H$madmB Ho$ mbm| Ho$ gmW-gmW ~qH$J H$m kmZ/ BZ jom| | H$m` H$aZo H$m AZw^d
h& gVH$Vm {d^mJ, {ZdmaH$ gVH$Vm Cnm`m| Ho$ Mma-gma H$m ^r `mZ aIVm h&
Bg g~Y | gVH$Vm mbm| na H$m` H$aZo Ho$ {bE ~H$ mam nmM dV gVH$Vm
`w{ZQ>g ~ZmE JE h&
YmoImYS>r OmopI ~YZ
YmoImYS>r OmopI ~YZ {d^mJ Ho$ w` H$m` h:
YmoImYS>r H$s [anmo{Q>J Ama {ZJamZr
YmoImYS>r na Ho$r`H$V So>Q>m H$m aIaImd
{H$E JE VWm `mg {H$E JE YmoImYS>r H$m {dcofU
YmoImYS>r | {Z{hV aH$ H$m mdYmZrH$aU Ama boImH$Z
YmoImYS>r {ZdmaH$ na {ejU Ho$ O[aE Q>m$ H$mo gwJmhr ~ZmZm&
~H$ Ho$ {bE E$AmaE Zr{V V`ma H$aZm Ama {H$`md`Z H$aZm&
YmZ H$m`mb` | YmoImYS>r Ho$ Q>mH$ $mog H$s ~R>H$ Am`mo{OV H$aZm&
YmoImYS>r ImVm| | dgybr Ho$ {bE AZwdVu H$madmB H$aZm&
{gQ>, H$m`{d{Y`m| Ama WmAm| H$s H${`m {OgHo$ H$maU YmoImYS>r hmo ahr
h Ch| ~X H$aZm&
n[anm|/AZwXoem| Ho$ O[aE YmoImYS>r H$s H$m`-Umbr Ama KQ>Zo Ho$ H$maUm| H$s
OmZH$mar XoZm Vm{H$ Cg H$ma Ho$ YmoImYS>r H$mo nwZ: KQ>Zo go amoH$m Om gHo$&
YmoImYS>r Ho$ H$maU hE ZwH$gmZ Ho$ ~rm Xmdm go g^r njm| H$m ~YZ&
AmamABEEg, EH$ ~m EbrH$eZ, H$s ghm`Vm go OoZaoQ> {H$E JE AbQ>
H$s AmZbmBZ {ZJamZr
{ZarjU VWm boIm narjm
df 2013-14 Ho$ XmamZ {d^mJ mam emImAm|, H$a|gr MoQ> , {S>nm{OQ>ar gh^m{JVm
H$m`mb` | OmopI AmYm[aV AmV[aH$ boIm narjm, gyMZm Umbr boIm narjm
VWm amOd boIm narjm H$s JB Ama YmZ H$m`mb` {d^mJm|, AmM{bH$ H$m`mb`m|,
AmM{bH$ boIm narjm H$m`mb`m|, Q>m$ {ejU hm{dmb`m|, ES>rAmB,
EbS>rE H$m`mb`, AmaAma~r | OmopI AmYm[aV ~YZ boIm narjm H$s JB&
E$grE mam 723 dXoer emImAm| (H$mofmJma emIm g{hV) VWm gnXm {d^mJ,
YmZ H$m`mb` (Ho$r`H$V ^wJVmZ Ho$ {bE) VWm AmV[aH$ A{YH$m[a`m| mam 24
{dXoer emImAm|, H$mS> CnmX {d^mJ, {Z`H$ hmboIm narjH$ S>mQ>m goQ>a VWm
gnXm {d^mJ, YmZ H$m`mb` (A` mbm| Ho$ {bE) H$s gdVu boIm narjm H$s
JB& ~H$ Ho$ Hw$b bmo>~b A{J H$m 84.47% VWm Hw$b bmo~b Om H$m 69.69%
gdVu bojm narjm mam nyam {H$`m J`m O~{H$ {Z`V Va `oH$ H$m 70% h&
{d^mJ Zo emImAm| | boIm narjm Ho$ XmamZ `74.22 H$amoS> VH$ Ho$ amOd H$s hm{Z
H$m nVm bJm`m {Og| go `71.12 H$amoS> H$s dgybr H$s Om MwH$s h& &
Q>ma~yQ> `moOZm Ho$ AVJV 3187 emImAm| Ho$ boIm narjm AndmX [anmoQ> (EBAma)
{ZH$mbo JE Ama Ama~rAmBE Ho$ AVJV emImAm| H$mo ^oOo JE& `h [anmoQ> g~{YV
emImAm| H$mo Xmo hrZo nhbo ^oOr OmVr h {Oggo boIm narjm Ama^ hmoZo Ho$ nhbo

/ Annual Report 2013-14

emImE Amd`H$ gwYmamH$ Cnm` ew H$a gH|$, Bggo Ch| AN>r boIm narjm
loUr m H$aZo | gw{dYm hmoVr h& {dmr` godmE {d^mJ, {dm mb`, ^maV gaH$ma
mam Omar SmQ> {Xem{ZX}em| Ho$ AZwgma OmopI AmYm[aV AmV[aH$ boImnarjm Ama
gyMZm Umbr boIm narjm H$s Zr{V`m| H$s grjm/C{MV gemoYZ {H$E JE Ama
Ama~rAmBmam {nN>bo EE$AmB | ~VmE JE jom| H$mo gwn[aH$V H$da {H$`m J`m .
df 2011-12 Ho$ {bE ~H$ Ho$ bmJ $m Am{S>Q> [anmoQ> na g`mZwgma H$madmB H$s
JB VWm ~moS> Ama Egr~r H$mo AZwnmbZ g` go VwV {H$`m J`m& ~moS>/Egr~r H$s
~R>H$m| go {ZH$bo H$madmB Xm| Ho$ AZwnmbZ H$mo g` go Egr~r/~moS> H$mo VwH$V
{H$`m J`m&
{Z`{V boIm narjm Ho$ Abmdm C ~YZ Ho$ AZw Xoe/{Xem{ZX}em| Ho$ VhV ~H$
H$s {deof O$aVm| H$mo nyam H$aZo Ho$ {bE {ZZ{bpIV {deof H$m` {H$E JE&
"C OmopI Ama D$na' aoqQ>J dmbr emImAm| | {Q>n{U`m|/AndmXmo H$mo
ApV AZwnmbZ gw{Z{V H$aZo Ho$ {bE {ddoH$m{YH$ma boImnarjm ({S>Ho$eZoar
A{S>Q>) H$s JB&
Ja-gdVu boIm narjm emImAm| | amOd boIm narjm H$s JB (N>moQ>o/`
emImAm| Ho$ mbo | dm{fH$ Ama ~hV Ama A{YH$ emImAm| Ho$ {bE AYdm{fH$) Ama `6.53 H$amoS> H$m amOd jaU H$m nVm bJm`m J`m&
boIm narjm {H$E JE emImAm| na {ZdmaH$ gVH$Vm Cnm`m| Ho$ ^md H$m
y`mH$Z {H$`m J`m (`h AZdaV $n go H$s Om ahr h)&
5102 ImVm| | F$U boIm narjm Ama F$U grjm `dWm Am`mo{OV H$s JB&
~H$ H$m df 2012-13 Ho$ {bE bmJ $m A{S>Q> [anmoQ> 25.06.2013 H$mo m
H$s JB Ama BgH$m AZwnmbZ Ama~rAmB H$mo 23.08.2013 H$mo VwV {H$`m
J`m&
g^r {dXoer Ho$m| H$m mBJoeZ boIm narjm ogg AZQ> ES> `J EbEbnr
mam nyam {H$`m J`m Ama AZwnmbZ hoVw g~{YV {dXoer Ho$m| | ^oOm J`m&
{$S> Va Ho$ boImnarjH$m| Ho$ H$meb H$mo ~ohVa ~ZmZo Ho$ {bE Ama~rAmBE,
$maog n[aMmbZ Ama AmBQ>r g~{YV wm| na {ejU Am`mo{OV {H$`m J`m&
{Xg~a 2013 Ho$ {bE S>rgr, S>rAma Ama H$mofmJma H$s {Vmhr gyMZm Umbr
(AmBEg) boIm narjm ogg nbm{S>`Z ZoQ>dH$g m.{b. mam {H$`m J`m Ama
{nN>bo AmBEg boIm narjm Ho$ AZwnmbZ [anmoQ> g{hV [anmoQ> VwV H$s JB&
{Xg~a, 2013 Ho$ {bE S>rgr Ama S>rAma H$s [anmoQ> ~X H$aZo Ho$ {bE VwV H$s
JB & S>rgr H$m H$mofmJma [anmoQ> 26.03.2014 H$mo EgrB | ~X H$s JB& mM,
2014 | gm {Vmhr Ho$ {bE S>rgr, S>rAma Ama H$mofmJma H$m AmBEg boIm
narjm ogg nb{S>`Z ZoQ>dH$g m.{b. mam Ama^ H$s JB h&
{dm mb` mam {XE JE gwPmd Ho$ AZwgma Ho${S>Q>, Omam{e, $maog, AmBQ>r,
YZofU B`m{X Ho$ jo | 81 Am$gmBQ> gd}bg/AbQ>g H$m H$m`md`Z
{H$`m J`m& 81 [anmoQ> Ho$ pH$Q> H$mo A{V $n {X`m J`m, Hw$N> emImAm| |
narjU {H$`m J`m Ama g{{V Ho$ gX`m| mam [anmoQ>] AZwmo{XV H$s JB. g^r
emImAm| Ho$ {bE AmgmZr go [anmoQ>} OoZaoQ> H$aZo Ho$ {bE nWH$ "H$Q> AmBS>r'
~ZmB Om ahr h& AMbdma Am$ gmBQ> gd}bg [anmoQ> (AmoEgAma) OoZaoQ>
H$aZm ew$ {H$`m Om ahm h& g^r emImAm| | EH$ gmW {VJmr ([aJo{gd)
narjU {H$`m OmEJm&
{$ZH$b H$m EbrHo$eZ boIm narjm {H$`m Om ahm h Ama `h H$m` ogg
AZQ> ES> `J EbEbnr H$mo Xr JB h& `h EH$ ~ma {H$`m OmZo dmbm H$m`
h Ama 1 df H$s R>oH$m Ad{Y h& ogg AZQ> ES> `J EbEbnr Zo AV[a
[anmoQ> VwV H$s h&
ogg AZQ> ES> `J EbEbnr mam S>mQ>m goQ>a H$s gdVu boIm-narjm
H$s Om ahr h Ama {Xg~a, 2013 mh VH$ H$s A{V [anmoQ> VwV H$s JB
h& OZdar 2014 VWm $adar 2014 H$s SmQ> [anmoQ> ^r VwV H$s JB h&
H$m`nmbH$m| H$s boIm narjm g{{V | {gV~a 2013 H$s [anmoQ> ~X H$a Xr JB
h& S>mQ>m goQ>a go AVy~a, Zd~a Ama {Xg~a 2013 H$s AZwnmbZ pW{V m
hB Ama AZwnmbZ OmM Ho$ {bE Bgo ogg AZQ> ES> `J EbEbnr H$mo o{fV
{H$`m J`m h&
29

/ BANK OF INDIA

AJg{H$` Cnm` Ho$ $n | hmam H$m`mb` amOd jaU Ho$ H$maUm| H$s d{m
grjm H$aZo Ho$ ~mX, OZo[aH$ Xm| H$mo R>rH$ H$aZo Ho$ {bE h `mO jom| H$s
^r OmM H$a aho h&
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Ho$ gdVu boImnarjH$m| go ~mVMrV H$s OmVr h&
hm~YH$ Ama Cn hm~YH$ Zo 77 AmM{bH$ boIm narjm g{{V H$s ~R>H$m| |
gh^m{JVm H$s VWm C OmopI Va H$s emImAm| Ho$ w` nXYmar Ho$ gmW ~R>H$
H$s JB Ama g`mZwgma AZwnmbZ/{d{^ [anmoQ>m] H$mo ~X H$aZo VWm boIm narjm aoqQ>J
~ohVa H$aZo Ho$ {bE Cn`w$ mJXeZ {X`m&
Hw$N> AMbm| | gdVu boIm narjH$/AmV[aH$ boIm narjH$m| H$s ~R>H$ Am`mo{OV
H$s JB Ohm hm~YH$ Ama Cn hm~YH$ Zo boIm narjm ImoO H$s JwUdmm
[anmo{Q>J Ama g`mZwgma [anmoQ> Om H$aZo na ~b {X`m&
S>mQ>m goQ>a Ho$ {bE nyUH$m{bH$ AmV[aH$ gdVu boIm narjH$ {Z`w$ {H$`m J`m Ama
A`o H$V`m|a Ho$ gmW Cgo `mO mZXS>m| H$s OmM, `mO {H$`m H$m `moJ VWm
ZyZo ImVm| | `mO H$s OmM H$m H$m` {X`m J`m& gdVu boIm narjH$ Ho$ {dMmam|
H$mo AZwnmbZ Ho$ {bE AmBQ>r {d^mJ H$mo AJo{fV {H$`m J`m& CZgo m AZwnmbZ
H$mo ZmoqQ>J VWm AmJo Ho$ {ZXoem| Ho$ {bE H$m`nmbH$m| H$s boIm narjm g{{V H$mo
VwV H$s OmVr h&
g^r hdnyU boIm narjm ImoO na {Z`{V [anmo{Q>J {ZYm[aV C ~YZ,
H$m`nmbH$mo H$s boIm narjm g{{V Ama ~moS> H$s boIm narjm g{{V H$mo H$s OmVr
h Ama CZHo$ {ZXoem| H$m AZwnmbZ {H$`m OmVm h&
amO^mfm
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amO^mfm gobZm| H$m Am`moOZ {H$`m& ~H$ mam {H$E JE H$m` H$s gamhZm ^maV
gaH$ma, Jh mb`, amO^mfm {d^mJ mam H$s JB&
hmam ~H$ {dm mb`, {dmr` godmE {d^mJ, ZB {Xr mam V`ma {H$E JE amO^mfm
`moJ-Amngr gdmX gmWH$ {Xem ZmH$ amO^mfm mS>b H$mo H$m`mpdV H$aZo dmbm
W ~H$ h& `h H$m`H$ bIZD$ (17.10.2013) | Am`mo{OV [H$m Jm& Bg
H$m`H$ H$s grS>r g^r am>r`H$V ~H$mo Ho$ YmZ H$m`mb`m| H$mo o{fV H$s JB&
{dm mb`, {dmr` godmE {d^mJ, ZB {Xr Ho$ g`w$ {ZXoeH$ (amO^mfm) Ama
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amO^mfm mS>b-2 V`ma {H$`m h {Ogo {dmr` godmE {d^mJ, ZB {Xr mam drH$ma
{H$`m J`m h& Bg H$ma H$m amO^mfm mS>b ^oOZo | hmam ~H$ W h&
hmao H$m`nmbH$ {ZXoeH$ lr {~.nr. em mam CZHo$ `yHo$ Xmao Ho$ g` hmar bXZ,
no[ag Ama EQ>dn emImAm| | amO^mfm H$m`md`Z g{{V H$s ~R>H|$ Am`mo{OV H$s
JB& Bg H$ma hmam ~H$ W ~H$ h {OgZo {dXoer emImAm| | amO^mfm H$m`md`Z
na MMmE H$s&
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Am`moOZ {H$`m J`m&
Q>maSo>H$ na amO^mfm nmoQ>b Ama^ {H$`m J`m {Og| amO^mfm H$m`md`Z go
g~{YV hdnyU OmZH$m[a`m VwV H$s Om ahr h &
^maV gaH$ma, {dm mb`, amO^mfm {d^mJ Ho$ mS>b amO^mfm `moJ Amngr gdmX
gmWH$ {Xem Ho$ AZwgaU | YmZ H$m`mb`, amO^mfm {d^mJ Ho$ ZoVd | bIZD$,
aZm{Jar, BXma, CmZ, ^monmb, H$mohmnwa, ZmoES>m, ZB {Xr Ama w~B | go{Zma
Am`mo{OV {H$E JE&
^maV gaH$ma, Jh mb`, amO^mfm {d^mJ go m nwaH$ma (df 2012-13
Ho$ {bE) ZmJnwa-1 (ZamH$mg) W nwaH$ma, wO$anwa AMb {Vr` nwaH$ma,
AVga AMb VVr` nwaH$ma, OeoXnwa AMb VVr` nwaH$ma, Jmodm AMb VVr`
nwaH$ma&
^maVr` [aOd ~H$ erS> df 2011-12 Ho$ {bE "I' jo | ~H$ Am$ B{S>`m H$mo
VVr` nwaH$ma

/ Annual Report 2013-14

ZJa amO^mfm H$m`md`Z g{{V nwaH$ma


W nwaH$ma : ^monmb AMb, H$mohmnwa AMb, AVga AMb, ~moH$mamo AMb
VWm ObYa emIm
{Vr` nwaH$ma : OeoXnwa AMb, nQ>Zm AMb, {gbrJwS>r AMb
VVr` nwaH$ma : AmJam AMb, ^wdZoa AMb, JJQ>moH$ emIm
mogmhZ nwaH$ma : AhXm~mX AMb, dS>moXam AMb
AZwdmX : df Ho$ XmamZ {d^mJ Zo hdnyU XVmdoOmo H$m {hXr AZwdmX nyam {H$`m
Ogo gVH$Vm `wAb, EEgEB Zr{V, gwajm Zr{V, ~H$ H$m dm{fH$ [anmoQ>, ~H$
Ho$ og arbrg, Vmam{H$V/AVmam{H$V ggXr` m| Ho$ Cma B`m{X& BgHo$ Abmdm
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df Ho$ XmamZ 167 {hXr H$m`embmE Am`mo{OV H$s JB {Og| 3461 Q>m$ gX`m|
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~H$ Am$ B{S>`m Ama Omp~`m gaH$ma H$m EH$ g`w$ C h& `oH$ ^maVr` ~H$
Ho$ nmg 20% eo`a nyOr Ym[aVm h, O~{H$ Omp~`m gaH$ma H$s eo`a nyOr Ym[aVm
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m h&
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nrQ>r hAm h & ~H$ Am$ B{S>`m (BS>moZo{e`m) Q>r~rHo$ H$m mOyXm {Zdoe ` 145.70
H$amoS> h &
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{XZmH$ 16 OyZ, 2008 go Xma-C-gbm | nhbr emIm Ho$ gmW n[aMmbZ Ama^
{H$`m h&
~H$ Am$ B{S>`m (`yOrbS>) {b.
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31.03.2014 | ~H$ H$m ZoQ> dW ` 261.31 H$amoS> h& 31.03.2014 H$mo gm df
| ~H$ H$m nrEQ>r ` 2.87 H$amoS> h&
~H$ Am$ B{S>`m (~modmZm) {b.
df 2013-14 Ho$ XmamZ ~H$ Zo AnZr AZwfJr ~H$ Am$ B{S>`m (~modmZm) {b.
Ho$ Zm go Wm{nV H$s, {OgZo EH$ ZE nyU dmm{d go AnZm n[aMmbZ {XZmH$
09.08.2013 go CgH$s W emIm J~moamZ ~modmZm go ew$ {H$`m Wm&
~rAmoAmB eo`a hmopS>J {b. (~rAmoAmBEgEb)
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mam w~B Q>mH$ EgM|O (~rEgB) H$m gmemoYZ Ed {ZnQ>mZ H$m` {H$`m Om ahm h&
Q>mH$ EgM|O Ho$ gmemoYZ Jh H$s J{V{d{Y`m| Ho$ ~YZ Ho$ {bE ~H$ Zo 1989 |
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Wm{nV {H$`m& ~H$ Ho$ nmg ` 2 H$amoS> H$s AnZr Xm nyOr H$m 51% {hgm h& `h
H$nZr EM|O | n[aMmbZ H$aZo dmbo gX` ~moH$am| mam {H$E JE gmXm| H$s amoqbJ
Ed gmm{hH$ {ZnQ>mZ H$a ahr h& ~rAmoAmBEgEb ZoeZb {g`y[aQ>rO {S>nm{OQ>ar
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XmoZm| {S>nm{OQ>[a`m| H$m {S>nm{OQ>ar gh^mJr (S>rnr) ^r h Ama `h gmemoYZ gX`m|
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nhbm {V^y{V gmemoYZ Jh h, {Ogo AmBEgAmo 9001-2000 AmBEgAmo mUZ
go nwaH$V {H$`m J`m h& ~rAmoAmBEgEb Zo df 2012-13 | ` 68.02 bmI H$m
{Zdb bm^ A{OV {H$`m Wm {OgH$s VwbZm | df 2013-14 | 588.93 bmI
A{OV {H$`m h&
30

/ BANK OF INDIA

~rAmoAmB EgmO BdoQ>|Q> ZoOg mBdoQ> {b; d ~rAmoAmB Egm


QQ>r{en g{dgog mBdoQ> {b.
`h H$n{Z`m `yMwAb $S> d nmoQ>$mo{b`m| ~YZ Ho$ H$mamo~ma | h& ~H$ Am$ B{S>`m
H$s BZ H$n{Z`m| o 51% H$s eo`aYm[aVm h&
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Co` go 1994 | d{VV {H$`m J`m Wm& EgQ>rgrAmB {OgH$s Xm nyOr `380
H$amoS> h, ~H$ Am$ B{S>`m 29.96% Ym[aVm Ho$ gmW g~go ~S>m EH$b eo`aYmaH$
h& `h H$nZr ^maVr` gZXr boImH$ma gWmZ Ho$ boImH$Z mZH$ 21 (EEg-21)
Ho$ AZwgma ~H$ H$s gh`moJr H$nZr h&
Bg ~T>Vr YmaUm Ho$ n[ao` | {H$ m`ar S>rba{en AnZo Amn | H$moB AmH$fH$
`dgm` Zht ahm, EgQ>rgrAmB Zo mBar S>rba{en H$mamo~ma AnZr ZB ghm`H$
H$nZr EgQ>rgrAmB mBar S>rba {b. H$mo XoZo H$m {ZU` {H$`m h, {OgZo AnZm H$m`
25 OyZ, 2007 go ew$ {H$`m h& Bg ghm`H$ H$nZr Zo AnZm H$m` gmdYmZrnydH$
ew$ {H$`m h Ama V~ go {Z`{V J{V H$s h&
~H$ H$s ghm`H$ H$n{Z`m| Ho$ {ZmU Ho$ nmV EgQ>rgrAmB Zo AmB~rAmo {Z{Y, m{OZ
{Z{Y, n` d$n ^mdr H$mamo~ma, AmpV ~YZ, bKw Ad{Y H$mnm}aoQ> F$U /grnr
| {Zdoe, B{$Q>r H$mamo~ma Am{X J{V{d{Y`m ma^ H$s&
{dmra` df 2013-14 Ho$ XmamZ nrEQ>r ` 91.44 H$amoS> df 2012-13 Ho$ nrEQ>r
` 78.81 H$amoS> H$s VwbZm | hAm h&
Q>ma `y{Z`Z XmB-Mr bmB$ B`moa|g H$. {b. (Eg`yS>r bmB$)
~H$ Am$ B{S>`m, `y{Z`Z ~H$ Am$ B{S>`m Ed XmB-BMr `yMwAb bmB$ B`moa|g
H$nZr, OmnmZ Zo d{erb ~rm ~mOma H$m bm^ boZo VWm Xoe | Mmam| Ama $bo
AnZo JmhH$m| H$mo {dgZr` JwUdmm ~rm CnbY H$aZo Ho$ {bE Q>ma `y{Z`Z XmBBMr bmB$ B`moa|g H$nZr J{R>V H$s h& H$nZr Zo $adar, 2009 go ~rm H$mamo~ma
ma^ {H$`m h& H$nZr H$s Xm nyOr | ~rAmoAmB H$m ` 250.00 H$amoS> H$m 48%
Ae h&
~H$ H$s Ym[aVm Ho$ A{V[a `y{Z`Z ~H$ H$m {hgm 26% VWm XmB-BMr bmB$
B`moa|g H$nZr, OmnmZ H$s Ym[aVm 26% h&
hdnyU {Zdoe/JR>OmoS>
g|Qb {S>nm{OQ>ar g{dgoO (B{S>`m) {b. (grS>rEgEb)
`h H$nZr w~B Q>mH$ EgM|O, w~B mam ~H$ Am$ B{S>`m d A` ~H$m| Ho$ gmW
1997 | d{VV H$s JB Wr& grS>rEgEb H$mo d{VV H$aZo H$m w` Co` pH$g
Ho$ {S>oQ>rH$aU H$s J{V | d{ d nyOr ~mOma | {ZdoeH$m| H$s gh^m{JVm ~T>mZo
Ama Xoe H$s {Vr` {S>nm{OQ>ar Ho$ $n | EH$ {VnYmH$ dmVmdaU {Z{V H$aZm
Wm& grS>rEgEb H$s ` 104.50 H$amoS> H$s Xm nyOr | ~H$ H$m {hgm 5.57% h&
grS>rEgEb Zo {dmr` df 2007-08, 2008-09 VWm 2011-12 | 10% bm^me
VWm 2012-13 Ho$ {bE 15% d df 2013-14 Ho$ {bE 20% bm^me H$m ^wJVmZ
{H$`m h&
EEgAmaBgr (B{S>`m) {b.
H$nZr H$mo `y{ZQ> QQ> Am$ B{S>`m Ho$ {d{Z{X> CnH$ Ho$ $n | {V^y{VH$aU Ama
AmpV nwZaMZm H$m`H$bmn H$aZo Ho$ {bE d{VV {H$`m J`m Wm& H$nZr H$mo {dmr`
df 2004-05 Ho$ CmamY | gao$gr EQ>, 2002 Ho$ AVJV ^maVr` [aOd ~H$ mam
nOrH$aU H$m mUn {X`m J`m Wm Ama V~ go H$nZr Zo nyU$noU H$m` H$aZm ew$
{H$`m& dVmZ H$nZr H$s 98 H$amoS> B{$Q>r nyOr | ~H$ H$s 26.02% H$s Ym[aVm h&
F$U AmgyMZm `yamo (^maV) {b. (grAmB~rAmBEb)
F$U AmgyMZm `yamo Xoe H$m nhbm F$U AmgyMZm `yamo h, {Ogo ~qH$J Ama {dmr`
godm jo H$mo F$U gyMZm Ama OmopI {dcofU godmE XoZo Ho$ {bE AJV 2000 |
{ZJ{V {H$`m J`m& H$nZr Zo AnZm Cn^mo$m `yamo n[aMmbZ {dmr` df 2004-05
| Ed dm{Up`H$ `yamo n[aMmbZ 2006-07 Ho$ XmamZ ma^ {H$E& H$nZr H$s B{$Q>r

/ Annual Report 2013-14

eo`a nyOr | ~H$ H$s 5% H$s Ym[aVm h&


ZoeZb H$moboQ>ab ZoO|Q> g{dgog {b. (EZgrEEgEb)
ZoeZb H$moboQ>ab ZoO|Q> g{dgog {b. H$mo ZoeZb H$mo{S>Q>r Ed So>[ado{Q>O EgM|O
{b. (EZgrS>rBEgb) mam d{VV {H$`m J`m h& BgH$mo {XZmH$ 28.09.2004
H$mo {V^y{V`m| Ed H$mo{S>Q>rO hoVw gwajm, ~YZ VWm {Z`U Ho$ {bE H$moboQ>ab
~YZ godmE moV H$aZo VWm XmZ H$aZo hoVw {ZJ{V {H$`m J`m Wm& `h H$mo{S>Q>r
EgM|O na QoS> Ho$ {dH$mg hoVw {d{^ godmE VWm {g`y[a{Q>O Ed H$mo{S>Q>rO
B`m{X H$m y`mH$Z JoqS>J, BewA[aJ, go`w[aJ, Q>mo[aJ, {S>pQ`yqQ>J, pbA[aJ
Ed $mad{S>J H$m H$m` H$aVm h& ~H$ H$s H$nZr B{$Q>r nyOr | 10.17% {hgoXmar
(n`o 3 H$amoS>) h& Bg Vah `h ~H$ H$mo EZgrEEgEb Ho$ gmW AnZo g~Ym| Ho$
MbVo CZHo$ gX`m| Ama JmhH$m| H$mo Ho${S>Q> XoZo H$m Adga m hmoVm h&
drg B{S>`m S>moopQ>H$ g{dgog m. {b.
`h Z`m C drQ> Ama ~H$ Am$ B{S>`m g{hV 8 wI ~H$mo mam moV {H$`m
J`m h& drQ> Ho$ nmg B{$Q>r H$s 55% Ym[aVm h Ama eof 45% H$s Ym[aVm 8
wI ~H$mo Ho$ nmg h& H$nZr | ~H$ Am$ B{S>`m H$s B{$Q>r Q>orH$ 5.63% h&
H$nZr H$m n[aMmbZ Ama^ Zht hAm h&
EgEB aoqQ>J EO|gr Am$ B{S>`m {b. (EgEBAmaE)
EH$ wI F$U VamH$Z EOogr S>Z ES> ~S>QrQ> Ho$ gh`moJ go {gS>~r mam {dmr`
df 2005-06 Ho$ XmamZ EgEBAmaE H$s WmnZm H$s JB& EgEBAmaE H$m wI
Co` EH$ `mnH$, nmaXeu Ama {dgZr` VamH$Z XmZ H$aZm h {Oggo EgEB
jo H$mo ~S>r mm | Ama AmgmZr go F$U CnbYVm hmoJr& ~H$ H$s H$nZr H$s B{$Q>r
nyOr | Zmm 4% Ym[aVm h&
A` hdnyU {Zdoe Cn`w$ gyMr~ w` hdnyU {Zdoe Ho$ Abmdm EgrEgS>
Q>mH$ EgM|O {b. (`2.5 H$amoS>) `wZmBQ>oS> Q>m H$ EgwM|O {b. (`7.50 H$amoS>),
B$s$g Ho${S>Q> B$m}eZ g{dgog {b. (`4.73 H$amoS>), `ydr EgoQ> [aH$QeZ
H$.{b. (`15 H$amoS>), bs>`[aJ H$mnm}aoeZ Am$ B{S>`m (`50 H$amoS>), EJrMab
$m`Z|g H$mnm}aoeZ {b. (`12.60 H$amoS>), {gS>~r (`45.30 H$amoS>), Qy>[a $m`Z|g
H$mnm}aoeZ {b. (`8.59 H$amoS>), goQb do`a hmCqgJ H$mnm}aoeZ {b. (`1.11 H$amoS>),
grAmoAmaS>rBEg (`1 H$amoS>), Eg~rAmB S>rE$EMB (`6.34 H$amoS>) | ^r ~H$
H$m hdnyU {Zdoe h&
~H$ H$s {S>nm{OQ>ar godmE
g^r emImAm| mam H$moa ~qH$J mmo{JH$s H$m Cn`moJ H$aVo hE ~H$ Ho$ JmhH$m| H$mo
{S>nm{OQ>ar godmE Xr Om ahr h& ~qH$J godmAm| H$s Cn`mo{JVm ~T>mZo VWm {S>nm{OQ>ar
godmAm| Ho$ {d{^> $m`Xm| H$mo CnbY H$admZo Ho$ {bE ~H$ XmoZm| `Wm EZEgS>rEb
VWm grS>rEgEb {S>nm{OQ>ar godmAm| H$mo XmZ H$a ahm h& ~ohVa godm XoZo Ho$ {bE
S>rnr n[aMmbZ H$mo w~B | Ho$rH$V {H$`m J`m h& Bg df Ho$ XmamZ gh{H$`m H$mo
m H$aZo VWm mZd ggmYZ Ho$ ghr Cn`moJ Ho$ {bE ~H$ Zo grS>rEgEb, S>rnrAmo
H$mo AYoar (n{) go w~B (w`) emIm Ho$ ~S>o n[aga | WmZmV[aV {H$`m h&
hmao S>rnrAmo | g{H$` S>rQ> ImVm| H$s g`m 31.03.14 | 91,523 h& df
2013-14 Ho$ XmamZ ~H$ Zo gH$b Am` ` 45 bmI df 2012-13 Ho$ XmamZ A{OV
gH$b Am` ` 39 bmI H$s VwbZm | A{OV H$s h& Hw$b 3016 Z`o ImVo df 201314 | Imobo JE h&
Q>ma eo`a QoS> (eo`a H$s AmZ bmBZ QoqS>J)
{nN>bo Hw$N> dfm] | AmZbmBZ eo`a QoqS>J (AmoEbEgQ>r) Q>mH$ mH}$Q> Ho$ {ZdoeH$m|
Ho$ ` bmoH${`Vm m H$a ahr h Ama gmXm| H$s {hgoXmar ~T>Vr Om ahr h&
hmao JmhH$m| H$s ~T>Vr mJ H$mo nyam H$aZo Ama Ch|o mCg pbH$, $moZ na gmXo
H$aZo H$s gw{dYm XoZo Ho$ {dMma go ~|H$ Zo EZEgB | go~r nOrH$V {V{>V ~moqH$J
H$nZr A{gV gr. ohVm BZdoQ>|Q> BQ>ar{S>`oQg (EgrEAmBAmBEb) {b. Ho$ gmW
JR>OmoS> `dWm H$a AnZo JmhH$m| Ho$ {bE ~H$ ImVm, S>roQ> ImVm Ed QoqS>J ImVm
H$mo EH$sH$V H$a Q>ma eo`a QoS> (AmZbmBZ QoqS>J gw{dYm) ma^ H$s h& AmoEbEgQ>r
gw{dYm 2005 go CnbYm H$admB Om ahr h& `h gw{dYm hmao EZAmaAmB JmhH$
Ama AmBnrAmo ^aZo Ho$ {bE ^r CnbY h&
31

/ BANK OF INDIA

{dmr` df Ho$ AV Ama 31 mM 2014 H$mo gm df | ~H$ Ho$ bm^ H$s g`


Ama ghr n[apW{V Ho$ {bE VH$gJV Ama `Wmo{MV {ZU` VWm m$bZ {H$`m
J`m;
^maV | ~H$m| Ho$ {Z`U Ho$ {bE bmJy H$mZyZr mdYmZm| Ho$ AZwgma C{MV boIm
[aH$mS> AZwajU Ho$ {bE ghr Ama n`m YZ aIm J`m; Ama
bm^H$mar H$mamo~ma dmbm gWm Z Ho$ AmYma na boIm V`ma {H$`m J`m h&
~H$ mam AmV[aH$ {dmr` {Z`U Umbr {ZYm[aV H$s J`r h Omo Bg Vah Ho$
AmV[aH$ {dmt` {Z`U Ho$ {bE n`m h d ^mdr T>J go H$m` H$a ahr h&
g^r bmJy H$mZyZm| Ho$ mdYmZm| Ho$ gmW gw{MV `dWmH$ n`m AZwnmbZ
gw{Z{V H$aZo Ho$ {bE bmJy H$s J`r h Ama `h `dWm ^mdr T>J go H$m`
H$aZo Ho$ {bE n`m h&
Am^ma
~moS>, ^maV gaH$ma, ^maVr` [aOd ~H$ Ed ^maVr` {V^y{V Ed {d{Z` ~moS> Ho$
{V CZHo$ `Wmo{MV mJXeZ VWm ghm`Vm Ho$ {bE AnZr H$VkVm km{nV H$aVm h&
~moS> {dmr` gWmAm| Ed gnH$H$Vm ~H$m| Ho$ {V ^r CZHo$ gh`moJ Ed ghm`Vm Ho$
{bE Y`dmX km{nV H$aVm h& ~moS> JmhH$m| Ed eo`aYmaH$m| H$s Agr{V ghm`Vm hoVw
Am^ma VWm ~H$ Ho$ gJ {ZnmVXZ Ho$ {bE Q>m$ gX`m| Ho$ {V ^r CZH$s g{nV
godmAm| Ama gh`moJ Ho$ {bE AnZr H$VkVm km{nV H$aVm h&
~moS> Ho$ {ZXoeH$m| Ho$ {bE Ed CZH$s Amoa go
(lrVr dr. Ama. A`a)
A`j Ed ~Y {ZXoeH$

EobrHo$eZ gnmoQ>}S> ~m` bmS> EmCQ> (EEg~rE)


~H$ go~r | d` m{UV qgS>rHo$Q> ~H$ (EggrEg~r) Ho$ n | nOrH$V h Ama
EEg~rE Ho$ AVJV m AmBnrAmo AmdoXZ (`j AmdoXZ) hmar Zm{V emImAm|
mam ggm{YV {H$E OmVo h& ~H$ H$s Q>mH$ EgM|O emIm Amg~m H$s ZmoS>b emIm
Ho$ n | H$m` H$a ahr h& Cn`w$ Zm{V emImAm| Ho$ A{V[a$ A` g^r emImAm|
Ho$ JmhH$ {Ohm|Zo BQ>aZoQ> ~qH$J gw{dYm br h do Q>ma H$mZoQ> [aQ>ob BQ>aZoQ> ~qH$J
go EEg~rE AmBnrAmo | AmZbmBZ {~S> gh AmdoXZ VwV H$a gH$Vo h&
{ZZ{bpIV {ZdoeH$ EEg~rE Ho$ m` go AmBnrAmo hoVw AmdoXZ H$aZo Ho$ {bE
nm h :
i)
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{ZdoeH$Vm gmdO{ZH$ {ZJ | EEg~rE Ho$ m` go AmdoXZ H$aZo hoVw nm h&
ii) amBQ> B`y | : OmarH$Vm H$nZr Ho$ g^r eo`aYmaH$ [aH$mS> VmarI na Omar
H$aVo h, ~eV} {H$ dh :
H$. {S>oQ> $m | eo`a YmaU H$aVm hmo Ama nmVm Ho$ {bE AmdoXZ Ama/AWdm
A{V[a$> eo`g {S>oQ> $m Omar Ho$ {bE AmdoXZ {H$`m hmo
I. CZH$s nmVm nyU/Am{eH$ n go `mJ Z Xr JB hmo
J. {ZJ H$m CgZo `mJ Z {H$`m hmo
{ZXoeH$ CmaXm{`d d$`
mM, 31, 2014 H$mo gm dm{fH$ boIm H$s V`mar | {ZXoeH$ nw{> H$aVo h {H$,
hd nyU {dMbZ, `{X H$moB h, Ho$ C{MV no>rH$aU Ho$ gmW bmJy boIm
mZH$m| H$m nmbZ {H$`m J`m h;
^maVr` [aOd ~H$ Ho$ {Xem{ZX}e Ho$ AZwn V`ma boIm Zr{V`m gZwn go bmJy
H$s JB h;

/ Annual Report 2013-14

WmZ : w~B
{XZmH$: 15 B, 2014

32

/ BANK OF INDIA

/ Annual Report 2013-14

MANAGEMENT DISCUSSION & ANALYSIS


Global Economic Scenario:
The economic growth in emerging markets like India and in the developed
economies like the USA and the Euro region continues to present
divergent scenarios. The growth in India was 4.5% in financial year
2013-14, mainly on improved performance in the agriculture and allied
sectors and the overall growth in emerging markets as per International
Monetary Fund (IMF) was about 4.50% to 5%. The average growth of
4.50% to 5.50% is likely to continue in 2014-15 in the emerging markets
backed by solid domestic demand, recovery in exports, and supportive
fiscal, monetary and financial conditions. Commodity prices will continue
to boost growth in many low-income countries, including those in subSaharan Africa.
As opposed to the emerging economies, the developed world mainly the
USA and the Euro region have registered a much lower growth rate. The
US economy as per IMF expanded at around 1.90% in 2013 and grew
at 2.10% in 2014. Growth will be driven by continued strength in private
demand, supported by a recovering housing market and rising household
wealth. In the Euro region, policy actions have reduced major risks and
stabilized financial conditions, although growth in the periphery is still
constrained by credit bottlenecks. The region is expected to gradually
pull out of recession, with growth reaching 0.3% in 2014 from -0.4%
in 2013.
Thus fundamentally attractive prospects in emerging market economies,
together with low interest rates in advanced economies, are likely to lead
to continuing net capital inflows and exchange rate pressures in emerging
market economies. Capital flows which can be volatile at times are tough
to manage and thereby macroeconomic management becomes difficult.
At times, there are limited opportunities to provide some fiscal stimulus
to offset a possible slowdown in capital flows. The challenge therefore for
the recipient countries is to reduce the volatility of capital flows when they
threaten financial stability. India is considered an attractive destination
for capital inflows based on expectation of a higher growth estimated to
average 5.50% in 2014-15.
Outlook for 2014-15
According to World Bank forecast on global economies released in
January 2014, after several years of extreme weakness, high-income
economies appear to be finally turning the corner, contributing to a
projected acceleration in global growth from 2.4% in 2013 to 3.2% in
2014. Most of the acceleration is expected to come from high-income
countries, as the drag on growth from fiscal consolidation and policy
uncertainty eases and private sector recoveries gain firmer footing. This
strengthening of output among high-income countries marks a significant
shift from recent years when developing countries alone pulled the global
economy forward. In addition to providing a second basis for global
growth, stronger income growth and import demand will be an important
tailwind for developing countries exports. This should help compensate
for the inevitable tightening of global financial conditions that will arise as
monetary policy in high-income economies is normalized.
Activity and sentiment in developing countries has turned up since mid2013, bolstered by strengthening demand and a policy-induced rebound
in China. These positive developments were partly offset by tighter
financial conditions and reduced capital flows as long-term interest rates
in the United States ticked up in response to expectations of the gradual
withdrawal of quantitative easing. Other major headwinds included
declining commodity prices for commodity exporters. Overall, growth in
developing countries is projected to pick up modestly from 4.8% in 2013
to 5.3% in 2014. Developing country GDP growth will be about 2.2%
points weaker than it was during the pre-crisis boom period. The slower
growth is not a cause for concern, however, more than two-thirds of the

slowdown reflects a decline in the cyclical component of growth and less


than one-third is due to slower potential growth.
Positive spill overs from a gradual upturn in Europe and a reduced pace
of household, fiscal, and banking sector consolidation are expected to
slowly boost GDP growth in developing Europe and Central Asia from
3.4% in 2013 to 3.5% in 2014. In the Sub-Saharan Africa, relatively
robust domestic demand, notably resource-sector and infrastructure
investments, should help support regional growth of about 5.45.5%
In Indiafollowing several years of rising inflation and current account
deficitsthe large negative output gap is finally projected to gradually
close as the economy slowly recovers. Better Indian performance will be
heavily reflected in the regions growth, which is expected to strengthen
to 5.7% in 2014.
Domestic economic scenario
According to Central Statistical Organization (CSO) Indian economy
grew 4.70% in 2013-14. However, the higher headline number came
on the back of a lower base, as the CSO revised the 2012-13 growth
estimate downwards to 4.5% from 5% estimated earlier. Gross domestic
product (GDP) growth was driven by better farm output, which grew at
4.7%.
The slow growth of the economy in 2013-14 was mainly on account of
industrial sector which grew -0.5% as against 3.10% in 2012-13 though
agriculture sector grew 4.7%. Services sector grew at the rate of 6.8% in
2013-14 as against 6.6% in 2012-13. The slowdown in the previous two
financial years 2011-12 and 2012-13 had been precipitated by domestic
as well as global factors. Domestic factors, including the tightening of
monetary policy resulted in slowing down of investment and growth,
particularly in the industrial sector.
In the domestic front, Inflation did ease in 2013-14 vis--vis 2012-13. But
the decline was slower thereby not allowing the Reserve Bank of India
sufficient flexibility to go for full scale monetary reforms and to reduce
policy rates. The Indian economy is expected to register a growth rate of
5.5% in 2014-15 from 4.70% in 2013-14. However a higher growth rate
cannot be ruled out on the back of a faster global recovery in 2014-15.
On the fiscal deficit front, Government is committed to fiscal consolidation.
According to the latest data released by the Controller General of
Accounts, fiscal deficit is 4.5% for FY 2013-14. This was achieved
through a reduction in Plan expenditure. The Borrowing programme of
the government was also lower at ` 5.08. lakh crore for 2013-14 vis--vis
the Budget Estimate of ` 5.58 lakh crores.
The current account deficit (CAD) showed improvement. It came at
1.7% of GDP due to slackening of gold imports, among other factors.
With inflation showing signs of decline and gold prices also not rising,
the attraction of gold as an asset is coming down. And as we go ahead
we should find the demand for gold falling. There are also other factors
contributing to improvement in exports. The CAD in absolute terms has
been brought down significantly to $ 32 billion in 2013-14 as against $ 88
billion during 2012-13.
Gold and silver imports contracted by 40% to $ 33.46 billion in 2013-14,
or just 7% of total import bill, against 11% in the earlier fiscal, after the
government put in place steps to check their runaway imports.However
inflation may remain sticky in the current financial year as a possible
El Nino effect on the monsoon is likely to push up food prices and
geopolitical uncertainties are likely to pump up global commodity
rates.Exports were $312 billion in 2013-14, up 3.7% from $ 301 billion in
2012-13. However imports were $ 450 billion in 2013-14. The pattern of
Indias merchandise trade is undergoing a structural shift with the rest of
Asia, Africa and Latin America becoming an increasingly important part
of our trade portfolio.

33

/ BANK OF INDIA
Average WPI inflation in 2013-14 ranged between 6.30% to 7% on
the back of a stubbornly high vegetable prices. With inflation rising, it
is expected that the wholesale price inflation will average 5.8% in FY
2014-15.
Outlook for FY 2014-15
Estimates by various agencies predicted growth rate to be
around 5.50% in 2014-15, up from 4.70% in 2013-14. Slow
industrial growth in 2013-14 is likely to improve and pick up during
2014-15. Economy seems to have bottomed out but with structural
bottlenecks to be overcome, it is yet to reach its potential.
An Asian Development Bank report has stated that there are weaknesses
in terms of persistent inflation, fiscal imbalances,bottlenecks to
investment, and inefficiencies that need structural reforms. Growth would
have to be led by improved investment and consumption. Inflation will
have to be contained or else a continuance of tight monetary stance is
inevitable.
Better growth prospects in the US and the Euro Zone will likely bolster
external. Demand Monsoon prediction in 2014-15 though forecast
marginally less than normal at around 95 % is unlikely to be a cause for
concern, though a monsoon disrupted by El Nino could fuel food inflation.
The India Meteorological Department in its first forecast for 2014 had
said southwest monsoon will be below normal at 95% of the long-period
average (LPA), which is around 89 cm.
Banking industry developments outlook
The growth of the banking sector is very closely linked to the growth of
Indian economy which is estimated to grow at a rate of 5.5%-6% between
2014 to 2016. The banking industry will benefit from economic expansion
and conducive government policies to shield the economy from ups and
downs in the global front and geo-political disturbances. Further, as
per capita income grows and awareness about banking spreads, more
populace comes to the banking fold.
The rise in Money supply (M3) as a result of the rise in demand and
time deposits with banks helped growth in Money Supply (M3) to cross
the Reserve Bank ofIndias (RBI) projection of 13%. The improvement
in deposit growth was due to the FCNR (B), or foreign currency nonresident (bank), deposits, which increased dramatically, thanks to RBI.
In the three-month period between September and November 2013 RBI
announced a special concessional dollar swap window to attract FCNR
(B) deposits and foreign currency borrowings through which it raised $34
billion, thereby providing enough stability to the rupee. Deposits also
increased following various policy announcement by RBI and resultant
hike in deposit rates by various banks. While banks have changed rates
across various maturities, most upward revisions have been seen across
shorter tenures in the category below ` 1 crore. Moreover, the growth in
currency with the public also accelerated.
Annual M3 growth rate at 15.1% crossed the RBIs indicative trajectory
and was higher than 13.1% a year ago, mainly due to the rise in both
demand deposits and time deposits. Moreover, currency with the public,
another major component of broad money, also accelerated.
Incremental personal loans also rose rapidly during 2013-14. They rose
by 21.2% to ` 1.39 trillion as compared to the preceding year. Incremental
credit for housing and consumer durables shot up sharply during the
year. However, incremental vehicle loans declined by 12.2%. This was
in line with the fall in car sales that were seen during the year. Owing
to the healthy rise in incremental personal loans, growth in outstanding
personal loans improved to 15.5% from 14.7% in the preceding year.
The industrial sector accounts for 45% of the outstanding non-food
credit. Credit off-take by the industrial sector declined for the second
consecutive year in 2013-14. It fell by 0.1% to ` 2.93 trillion in 2013-14
as compared to the preceding year. This decline was in spite of the sharp

/ Annual Report 2013-14


surge in incremental credit that was seen during August-September 2013.
A contraction in industrial production coupled with a falling investment
activity is likely to have led to a lower credit off take in the year. Growth
in outstanding credit to the industrial sector slowed down to 13.1% from
15.1% in 2012-13. Mining & quarrying, textiles, petroleum, chemical
products, cement, basic metals and power witnessed a decline in credit
off take during the year. A shift in financing preferences of corporates
away from commercial paper (CP) and other debt instruments is believed
to have led to the surge in credit off-take during August-September 2013.
The RBI implemented a host of liquidity tightening measures to ease
pressure on the exchange rate during 2013. These included raising
the MSF rate by 200 bps to 10.25 %, limiting LAF borrowings to 0.5%
of NDTL and increasing minimum daily CRR requirements to 99 %
from 70%. This had led to a sharp rise in money market rates, thereby
making market borrowings via commercial paper (CPs) and other debt
instruments expensive. Thus, corporates avoided raising money via debt
instruments and moved towards bank financing for their working capital
needs. Many of these mesures have since been relaxed.
The shift in financing preferences was also reflected in a sharp drop in
the amount raised via CPs and other debt instruments. Funds raised
via the issuance of CPs touched a nine-quarter low of ` 1.11 trillion in
the September 2013 quarter. This was 44.7% lower than the average
amount raised via CPs in the last four quarters. Further, as per the CMIE
corporate debt database, fund raising via other debt instruments declined
by a sharp 51.5% to touch a four-year low of ` 427.11 billion during the
September 2013 quarter as compared to preceding quarter.
If it were not for the exceptional rise in credit off-take during AugustSeptember 2013, incremental credit would have declined during
2013-14. In fact, incremental credit in 2013-14, excluding the AugustSeptember period, declined by 7.6 % as compared to the same period a
year ago. The service sector and agriculture & allied activities segments
and personal loans registered a healthy growth in incremental credit
in 2013-14. Credit off-take by the industrial sector declined marginally
during the year. Incremental credit to the service sector rose by a sharp
43.6 % to touch an all-time high of ` 1.85 trillion in 2013-14 as compared
to the preceding year. As a result, growth in credit to the service sector
accelerated to 16.1 % from just 12.6 % in the preceding year. The rise in
incremental credit was on account of a healthy credit off-take by transport
operators, tourism, hotels & restaurants, shipping, commercial real estate
and NBFC segments.
Based on classification by size of industry, credit off take by large scale
industries declined by a sharp 9.2 % to ` 2.23 trillion during 2013-14.
However, this decline was offset by a sharp 41.6 % rise in credit off
take by the micro & small scale industries. Consequently, while growth
in credit to large scale industries decelerated to 12.2 % from 15.6 %,
growth in credit to micro & small scale industries improved to 23.7 %
from 20.1 %.
RBI data show that currency with the public grew 9.4 % in 2013-14 to ` 13
lakh crores. This is on the back of a growth of 11.6 % in the previous year
and 12.2 % in 2011-12. During this year, RBI, on an average, has been
pumping in ` 60,000 crores into banks through its daily repo auctions.
Over and above these, the central bank infused ` 16,000 crores through
bond purchases and provided nearly ` 1 lakh crores through term repos
of various tenures. The currency with the public had grown 9 % year-onyear. The high double-digit retail inflation over the past years has led to
an increase in currency holdings by the public. As investments in financial
assets, especially bank deposits, fell, those in physical assets such as
real estate and gold that traditionally have a high cash component rose.
One area where banks have a significant role to play is Financial Inclusion.
A World Bank Survey conducted in 2011 revealed that only 35 % of all
adults in India had a bank account with a formal banking institution, while

34

/ BANK OF INDIA

/ Annual Report 2013-14

this figure stood at 21 % in the poorest income quartile. This represents a


massive opportunity that financial institutions in the country can leverage
upon for future growth. Further, the policies of the Reserve Bank have
prioritised financial inclusion, presenting an opportunity that might not
manifest itself again. The Indian government has advised banks to open
at least one branch in villages with a population of more than 2,000, and
also cover the peripheral villages. Banks are also required to formulate
a board approved Financial Inclusion Plan (FIP), the implementation
of which will be monitored by the RBI. The Indian government aims to
further financial inclusion by setting up ATMs and providing mobile/online
banking facilities. Further, experts suggest that the number of ATMs need
to increase five fold in the coming decade. The mobile banking channel
in India is also untapped, with close to 900 million mobile connections,
and only 400 million bank accounts. These areas open up diverse
opportunities for Indian banking industry.
However, there are certain challenges facing banks in India. They are
raising capital to adhere to Basel-III standards, asset quality issues as
well as increasing restructuring cases and human resource management
issues. A McKinsey report suggests that banks in India need to recruit
employees with both core and specialist skills, and control attrition
especially at the junior levels. Non-private Indian banks will greatly
benefit from productivity improvements such as re- engineering of the
knowledge processes, better use of technology and building industry
level utilities.

BUSINESS REVIEW
DEPOSITS
Banks total Deposits increased by ` 95,134 crores to ` 476,974 crores
during the year and record a growth of 24.91%. The growth in domestic
deposits was to the tune of ` 69,523 crores or 23.64% over previous
year.

Total Deposit (` Crore)


476974

24.
381840
19.99%

363590

248475

294067

376228
292968

28.42%

251494

264260

16.49%
204036
177950

29.52%
14.66%
111968
88932
73544

25.90%

20.92%

March '12

March '13

(Global)

(Domestic)

March '14
(Foreign)

ADVANCES
Banks gross advances increased by ` 83,260 crores to ` 376,228
crores during the year with a growth of 28.42%. Gross Domestic Credit
registered a growth of 29.52% from ` 204,036 crores on 31.03.2013 to
` 264,260 crores on 31.03.2014 as against the growth rate of 14.66% in
the last financial year 2012-13. Incremental credit to new and existing
accounts in Public Sector Units Public Sector Entities and NBFCs have
contributed in higher growth.
Timely sanctions and prompt disbursements in Large Corporate, Mid
Corporate, Retail, SME and Agriculture segments have been instrumental
in substantial credit growth.
The Bank has also set up a New Business Department during the year
to help in new customer acquisition and augment quality credit growth.

91%

318216

Gross Advances (` Crore)

23.64%

18.35%

Bank added 164 New Corporate customers during the financial year.
Bank caters to specialised needs of Corporates/Mid corporates through
10 Large Corporate Bank Branches and 42 Mid Corporate Branches.
The needs of other clients from Retail, SME and Agriculture are met
through the Network of 4646 Domestic branches. Banks 56 Overseas
Centres across 5 continents also cater to credit requirement of exporters
and overseas clients.
INFRASTRUCTURE FINANCE

113384
87773
69741
25.86%
29.18%

March '12
(Global)

March '13
(Domestic)

March '14
(Foreign)

Savings Bank deposits grew by 13.12% and Current deposits logged


a growth of 9.31%. The share of Low cost deposits (CASA) comprising
Savings and Current deposits to total domestic deposits is 29.97%. The
Bank has a well diversified deposit base with 12% of domestic deposits
coming from rural areas, 13% from semi urban, 18% from urban and
57% from metro areas. The banks total clientele base of 77.34 million
consisted of 71.95 million depositors and 5.39 million borrowers as on
31st of March, 2014.

During the year, Bank sanctioned Fund Based Limits of ` 16,626 crores
and Non Fund Based Limit of ` 4,367 crores under infrastructure projects
in New and Existing accounts covering Power, Telecommunication,
Roads, Ports and other infrastructure.
Bank continued to provide support to this segment with additional
disbursement of ` 8,863 crores of which 52% has been to Power sector
and 28% has been to Road and Port Projects.
CORPORATE CREDIT
Bank is extending credit to Corporate Customers through specialized
branches which contribute 54% of gross domestic credit.
10 Large Corporate Branches Located at Major Cities are catering to
all the major corporates across country - Mumbai, New Delhi, Kolkata,
Chennai, Bangalore, Hyderabad, Ahmedabad and Pune. 42 Mid
Corporate Branches covers the rest of major business centers including
the above.
For serving corporates at other centres, 21 SME City Centres are
equipped with Credit Processing Cells with direct reference to Large
Corporate Credit Department at Head Office.

35

/ BANK OF INDIA
LARGE CORPORATE
The advances through Large Corporate Branches constituted 41% share
in total domestic advances as on 31.03.2014. Advances to Corporate
segment through LCBs has increased from ` 84,047 crores as on
31.03.2013 to ` 110,651 crores as on 31.03.2014, showing a growth of
31.65% over last year.

/ Annual Report 2013-14


prospective clients, understanding their needs and structuring the
products as per their requirements. Going forward, department also
proposes to undertake Syndication and Project Finance business to
increase the fee based income of the bank.
Project Finance and Syndications
Project Finance and Syndications Group of the bank is manned by highly
experienced and qualified professionals. It undertakes appraisals of
infrastructure and industrial projects.

Large Corporate Branches are catering to large corporates having


sales turnover above ` 500 crores, Project Cost of above ` 100
crores and Infrastructure Sector, NBFCs and PSUs. In order to
have more focused attention and to reduce turnaround time, Credit
processing Centre have been set up at each LCBs with direct
reporting to Head Office.

It takes up assignments of technical appraisal, underwriting and


syndication of loans. During the Year 2013-14 financial closures were
done with a project cost of ` 6,915 crores and syndicated debt of ` 4,768
crores.

The one point contact of Relationship Managers ensured catering


to other Corporate needs i.e. Cash Management, Forex, Treasury
products, Trade Finance, Deposits, Retail Banking and Third party
products like insurance and investments in Mutual Funds

Bank is also acting as Mandated Lead Arranger (MLA) and Joint Book
Runner (JBR) for International Syndication loans and arranged loans for
Indian Corporate for their expansion / acquisition and Joint Ventures,
covering a wide range of industries.

Mitigation of Risk is ensured by segregating the role of Credit


processing and Relationship Managers reporting to Credit Team
Leader and Branch Managers respectively. Credit proposals
processed at Large Corporate Branches are sent directly to General
Manager, Head Office, Large Corporate. This has resulted in
reduction of turnaround time.
Bank has put systems in place to monitor pending Proposals /
references at Large Corporate branches as well as at Head Office
level.
Corporates from major industry/service sectors such as
Infrastructure, Steel, Textile, NBFCs, PSUs etc. are being serviced
through these Large Corporate Branches.
MID CORPORATE
Considering the contribution of Mid corporate to overall Industrial growth
bank decided to provide separate vertical and has 7 Divisional Offices
and 42 Mid Corporate branches. There are 12 Credit Processing Centres
(CPC) established exclusively for processing of the proposals.
Mid Corporate vertical has been set up to harness the large potential in
this segment which offers higher yields with wider risk spread.
Mid Corporate Branches are catering to Mid corporates having sales
turnover between ` 100 crores to ` 500 crores and Project Cost of
between ` 10 crores to ` 100 crores apart from Bullion and Diamond
sector Customers.
Mid Corporate vertical contributes 12.91% of the total domestic Credit
portfolio.
During the FY 2013-14, total Credit under Mid Corporate Branches grew
from ` 30,949 crores to ` 34,923 crores registering a growth of 12.84%.

The technical appraisal department, which supports the syndication team,


appraises industrial credit apart from that for syndicated loans. The team
comprising of professional engineers, evaluated technology related risks
for the year, enabling the bank to improve quality of industrial assets.
The operations of the department, translated into a fee based income of
` 15.90 crores for the year.
EXPORT CREDIT
Meeting the domestic and foreign currency needs of importers and
exporter clients is one of the banks key priority areas. Towards this end
Banks 217 branches across the country are authorized to handle foreign
exchange business and cater to the credit / foreign exchange needs of
importers and exporters. Banks export credit registered a growth of `
1,898 crores i.e. 21 % increase over March 2013 and reached a level of
` 10,993 crores as on 31st March, 2014. The share of export credit to net
adjusted bank credit as at March 2014 was 4.15%.
Financial requirements of both exporters and non-exporters are met
through ECB at the Banks overseas branches and Foreign Currency
loans at domestic branches. The total amount of such advances as at
31.03.2014 was USD 447 million (Comprising of ECBs USD 42 Mn and
Foreign Currency Loan of USD 405 Mn) equivalent to ` 2,678 crores.
The bank also extended pre-shipment and post-shipment export credit in
foreign currency and the amount outstanding as at 31.03.2014 was USD
585 Mn. (equivalent to ` 3,505 crores).
TRANSACTION BANKING
Banks Transaction Banking department focusses on 3 business lines, with
an intention to make them major revenue drivers for the Bank. They are:
Cash Management Services,
Channel Finance,

NEW BUSINESS
New Business Department was set up in January2014 with the
objective of establishing New Business relationships with PSUs, Mid
and Large Corporates, where we do not have banking relationships
and offer a bouquet of Banking services, structuring the products as per
the requirements of the clients. The department is being headed by a
General Manager.
During a short period of 3 months, the department has been successful
in establishing relationships with large number of Public and Private
sector enterprises. There has been a quantum jump in disbursements
to leading Public Sector companies. As a Medium Term plan, New
Business Department has embarked upon a plan to acquire substantial
number of new clients in Mid and Large corporate segment. Department
has shortlisted around 950 corporates after analyzing their financials
and circulated the list to all the Mid and Large Corporate branches and
to Zonal Offices for establishing initial contact, depending upon the
geographical presence of the corporates. As a next step, the department
willl provide all logistics support to branches/zones by meeting the

Trade Finance, and


Targeting Banks Corporate and High Net Worth (HNW) clients, Cash
Pick facility (Doorstep Banking) has been put in place at all branches.
This initiative has received positive response from target clientele who
are relieved from the worries and risks of handling and carrying huge
amount of cash to Bank. During the year 2013-14, Bank has made specific
marketing efforts and has made liason with Government of Chhattisgarh
(Raipur Zone), Jharkhand (Ranchi Zone), Uttaranchal (Ghaziabad Zone),
Assam & Meghalaya (Siliguri Zone), which has yielded good results.
INTERNATIONAL BANKING
With a presence across 5 continents and 22 countries, Bank provides
services in all the major financial centres such as London, New York,
Paris, Tokyo, Singapore and Hong Kong. As on 31.03.2014, bank has a
network of 56 foreign offices which includes 5 Representative Offices, 5
Subsidiaries and 1 Joint Venture.
All centres have been migrated to Finacle platform thereby improving the
Management Information system and the customer service.

36

/ BANK OF INDIA
For Multicurrency International Syndication loans the Bank is acting as
Mandated Lead Arranger (MLA) & Joint Book Runner (JBR) and has
arranged loans in USD, JPY. EURO and GBP currencies for Indian
Corporates for their expansion / acquisition and Joint Ventures, covering
a wide range of industries.
Bank has a Global Remittance Centre (GRC) in Mumbai. The inward
remittances and NRE/NRO Account opening of NRI customers have
been centralized at GRC. For service to non-resident customers in
deposits and remittances, SMS alerts for remitter as well as beneficiary
for remittance from Gulf Countries have been introduced. Straight
Through Processing (STP) for Speed Remittances has been put up in
place. The bank has introduced BOI Premium NR Deposit Scheme.
Bank won the award of Most Efficient Bank amongst all Banks in
Kenya for the year 2012 by Think Business and Best Bank Award
for ICT.
As at 31st March, 2014, total deposits at foreign branches stood at
` 113,384 crores, registering a rise of ` 25,611 crores (29%) over
previous year. Total advances stood at ` 111,969 crores recording a
rise of ` 23,022 crores (26%) over previous year. Investments were at
` 5,661 crores. Operating profit of foreign branches for the year ended
March 2014 at ` 1431 crores has shown a rise of ` 250 crores over
previous year. Net profit at ` 669 crores has increased by ` 375 crores
over March 2013. Foreign branches contributed 26.41% towards global
business and 16.99% and 24.51% towards Operating profit and Net profit
respectively for the year ended 31.03.2014.
BULLION BANKING
Bullion banking was introduced by the Bank in November 1997. Initially
the scheme was introduced at SEEPZ and Ahmedabad branches and
was subsequently introduced at other branches. As on date, although
9 branches are authorized to undertake bullion business presently
only 4 branches are undertaking the business. Gold is procured on
consignment basis for catering to the needs Jewellery exporters and
domestic jewelers. The Bank sold 16159 kg of gold in the year 201314, with a turnover of ` 4,179.46 crores, thereby earning an income of
` 60.07 crores. The increase in the earning during the year was 47.70%.
FOREX BUSINESS
Forex business handled by Bank has shown decent growth. During the
year 2013-14, Merchant and Interbank turnover was ` 203,720 crores
and ` 499,187 crores respectively. The Bank continues to be a leading
player in the forex market. The aggregate turnover of treasury Branch
during the year was ` 702,907 crores.
TREASURY INVESTMENTS
The yield on benchmark 10-Year G-Sec which was 7.96% as on 31st
March 2013 has softened to 8.80% as on 31st March 2014. However,
movement of G Sec yields was highly volatile and the same moved
within a wide range from 7.089% to 9.473% during the year. Bank has
maintained higher level of investments keeping a balance between
interest income and market risk. Bank has maintained SLR investments
in excess of the regulatory requirement of 23% of Net Demand and Time
Liabilities. The gross SLR investments were ` 91,943 crores (87.66% of
total investments) and Non SLR investment stood at ` 12,941 (12.84%
of total investments). The Bank makes these investments within the
framework of a comprehensive policy which is reviewed periodically
consistent with market developments/regulatory requirements.
TREASURY OPERATIONS
The Bank continues to play an active role in all segments of the market.
The Bank has managed its investment portfolio actively and earned
profit from trading and sale of securities by taking advantage of the G
sec movements. Bank has registered 78.08% growth in profit from sale
of securities in FY 2013-14 compared to FY 2012-13. Bank has taken
advantage of arbitrage opportunity within various market segments.

/ Annual Report 2013-14


National Banking Group (Head Office):
RURAL BANKING
1. Priority Sector Advances:
Priority sector advances have wide social ramifications apart from
presenting a big business opportunity. With its vast network of rural and
semi-urban branches and committed personnel,the Bank has always
been one of the leaders in servicing to the priority and agriculture sectors.
Bank has registered an outstanding level of ` 82,021 crores under Priority
Sector which is 40.45% of Adjusted Net Bank Credit (ANBC).
Under Special Agricultural Credit Plan, Bank could disburse ` 19,130
crores during the financial year 2013-14. The outstanding position of
priority sector advances under various segments is as under:
(` In Crores)
st

1. Agriculture
2. Small Enterprise
3. Education
4. Housing
Total Priority Sector

As on 31 March
Growth
% age
2013
2014
Amount
27,041
36,071
9,030
33.39
28,913
35,504
6,591
22.80
2,329
2,597
268
11.51
6,790
7,517
727
10.71
65,518
82,021
16,503
25.19

2. Centralized Processing Centres in focused districts:


Centralized Processing Centres have been established in zones with
the objective of augmenting agriculture credit and reducing turnaround
time in sanctioning/ disbursing credit proposal. So far, 52 CPCs are
operational in various Zones/ States.
3. Kisan Credit Cards:
The aim of Kisan Credit Card Scheme is to meet timely credit needs
of the farmers for cultivation as well as non-farm activities and thereby
bring about flexible and operational freedom in credit utilization. During
the year Bank has issued around 4.50 lakhs new Kisan Credit Cards with
aggregate limit of ` 6,155 crores. The Bank has so far issued 17.08 lakhs
Kisan Credit Cards (cumulative) involving financial outlay of ` 18,155
crores.
4. Debt Swap:
Bank has designed Debt Swap Scheme with an objective to help the
indebted farmers to redeem their outstanding dues to money lenders and
to mitigate acute distress faced by the farmers due to heavy burden of
debt from non-institutional lenders at unrealistic interest rates. All district
managers in 51 lead districts have to play a major role for implementation
of scheme effectively.
5. Differential Rate of interest:
A scheme for extending financial assistance at concessional rate of 4 %
to select low income groups for productive endeavours under the name
Differential Rate of Interest (DRI) Scheme is being implemented by the
Bank. Bank has sanctioned 4094 cases under DRI Scheme during the
year.
6. Prime Ministers New 15 Point Programme for the welfare of
Minority Communities:
With the focused attention for the welfare of minority communities,
Bank has been extending finance to the minority communities of Sikhs,
Muslims, Christians, Zoroastrians and Buddhists. During the year 201314, Bank has financed ` 4,544 crores to the various minority communities
and registered an outstanding level of ` 12,295 crores as on March 2014.
7. Golden Jubilee Rural Housing Finance scheme:
Bank has been actively involved in implementation of the Golden Jubilee
Rural Housing Finance Scheme (GJRHFS) and has achieved the target
of 8100 units allocated by National Housing Bank for the year. During the
year, Bank has sanctioned 20119 cases under GJRHFS.

37

/ BANK OF INDIA

/ Annual Report 2013-14

8. Micro Finance / Micro credit and credit to women:


The Scheme of Micro Credit has been found to be an effective instrument
for lifting the poor above poverty by providing them increased selfemployment opportunities and making them credit worthy. Bank is
actively participating in extending credit to women and registered an
outstanding level of ` 10,502 crores as on 31.03.2014 under Priority
Sector of which ` 787 crores is under Micro Credit.
9. Solar Energy Home Lighting system:
To address the issues of electricity paucity, Bank has prepared and
launched a scheme on Solar Energy Home Lighting System. Bank
extends financial assistance to the prospective borrowers for purchase
and installation of Solar Energy Home Lighting System. Bank has so far
sanctioned 2456 units with financial outlay of ` 8.50 crores.
10. New Agriculture Products:
In order to meet the credit requirement of farmers and also to augment
agriculture credit, 6 new agricultural products namely 1) Agriculture gold/
silver loan 2) Kisan all purpose term loan 3) Estate purchase loan 4)
Kisan Tatkal scheme 5) Purchase of renewable energy schemes solar
home lighting system,solar pump set and solar water heater and 6)
Purchase of land for agriculture purpose are introduced

Bank has carved out Financial Inclusion as a new Business Unit headed
by a General Manager to drive implementation of Board approved
Financial Inclusion Plan. Bank is committed to provide banking services
through Business Correspondents and ICT based hand held devices
(micro ATMs) to 40,160 villages, connect 125 lakhs people through Basic
savings Bank Deposit Account with in built overdraft facilities to take
care of their urgent consumption needs, extend entrepreneurship credit
to eligible people to earn their livelihood, offer mobile based remittance
facility to help mainly the migrant labour/ self-employed to remit money to
their family members and facilitate access to Banks third party products
including Micro Insurance amongst other services. Bank has effectively
pursued the Direct Benefit Transfer scheme of the Central / State
Governments for transfer of benefits directly to the account of beneficiary
by providing the requisite payment and other infrastructural supports.
Progress under
FY 2013-14 :-

Inclusion

Plan

No. of Basic Savings Bank Deposit Accounts opened


No. of Smart Cards issued
GCC/KCC issued
Business Correspondents engaged
Channel Management Partners engaged
No. of Villages where 100% FI achieved

11. Lead Bank Responsibility:


Bank has been assigned Lead Bank responsibility in 51 districts spread
over five states of Jharkhand (15), Maharashtra (14), Madhya Pradesh
(13), Uttar Pradesh (7) and Orissa (2). Bank has been successfully
discharging its duties of Lead Bank in all these districts. The Annual
Credit Plan (ACP) for the year 2013-14 was launched in all the Lead
Districts involving credit outlay of ` 10,581 Crores for the Bank. The
achievement of the Bank is ` 10,672 crores which is 100.86% of ACP.

Financial

(FIP)
:
:
:
:
:
:

during

107.28 lakhs
22.68 lakhs
22.10 lakhs
6072
105
14060

Bank has achieved 100 % Financial Inclusion in all 4404 allotted villages
with population above 2000 as on 31.03.2014. Robust operational
systems with adequate risk mitigants and best practices have been built
up and are being pursued.

Total Priority (` Crore)


Agriculture
` 27041
(32.91%)

Small
Enterprises
` 28913
(35.19%)
Education
` 2329
(2.83%)

Agriculture
` 39071
(43.98%)

Small
Enterprises
` 35504
(43.29%)

Housing
` 6790
(8.26%)

Education
` 2597
(3.17%)

March '13

Housing
` 7517
(9.16%)

March '14
Star Swarojgar Prashikshan Sansthan (RSETIs)

Bank has now designated SLBC as Lead Bank Convener in the state
of Jharkhand.
FINANCIAL INCLUSION
Financial Inclusion is integral to the inclusive growth process and
sustainable development of the country. There has been a strategic
shift in sustainable financial inclusion to the adoption of market oriented
approach viewing financial inclusion as a viable business proposition.
The paradigm has decidedly shifted from CSR to economic viability.
It has been made possible with the availability of ICT based solution to
support secure and sufficiently low cost transactions required by the
financial sector. Bank is viewing these prospective banking service users
through a prism of opportunity rather than obligation.

With the aim of mitigating the unemployment problem among the rural
youth, the Bank took initiative to form a dedicated trust named STAR
SWAROJGAR PRASHIKSHAN SANSTHAN (SSPS) in 2005. Two
SSPS (RSETIs) were established at Bhopal and Kolhapur immediately
after formation of the trust. Ministry of Rural Development, Government of
India found value in the initiative and proposed to support establishment
of such Institute in each district of the country to tap the rural BPL youth.
The formation, nomenclature, sponsorship, management, programme
structure, staffing and administration, MIS etc. were defined. Bank was
allotted 43 centres to establish institutes. Bank has established 43 such
institutes in the state of Jharkhand, Orissa, Uttar Pradesh, Madhya
Pradesh, Maharashtra and West Bengal. 57,676 participants have been
trained and 25,308 have been provided with credit inputs from these
centres till date.

38

/ BANK OF INDIA
Bank has planned to upgrade/establish five integrated SSPS (RSETIs)
at Ranchi (Jharkhand), Barabanki (Uttar Pradesh), Bhopal (Madhya
Pradesh), Pen (Maharashtra) and Belgaum (Karnataka) for extending
the scope of SSPS (RSETIs) to primary health care, adult literacy,
comprehensive financial access and planning for growth, strengthening
civil society organization, environmental sustainability etc. Bank would
like to collaborate with and foster strategic partnerships etc. aiming at
bringing diverse resources from the public, private and social sectors to
bear on the challenges surrounding these areas.
Financial literacy and Credit Counselling Centres (ABHAY)
Bank has recognized the need for financial education to appreciate the
complexities of financial dealings with various intermediaries on matters
relating to personal finances on a day to day basis. Further, those who
suffer from financial problems due to unmanageable debts also need
credit counselling to come out of their repayment obligations. It is in this
background that Bank has opened 5 (five) Credit counselling centres
named ABHAY at Mumbai, Wardha, Gumla, Kolkata and Chennai and
they are manned by senior and experienced bankers.
Extending the concept of ABHAY further, Bank has now opened 54
Financial Literacy Centres as per the guidelines of Reserve Bank of India
and NABARD.
In addition to remedial counselling on case to case basis for the
distressed borrowers, preventive counselling through media, workshops
and seminars are also given. So far 206357 cases of counselling were
taken up and disposed of quickly bringing smile on the faces of the
distressed people.

/ Annual Report 2013-14


basic guidelines for entering in to tie-up with builders. In order to ensure
that the tie-ups are encouraged only with builders with proven track
record, the Zonal Managers have been empowered to enter into tie-ups
with builders of repute locally. Education loan portfolio recorded a growth
of 10% increasing from ` 2,412 crores to ` 2,652 crores during the year.
Bank has embraced the Interest subsidy scheme, wherein borrowers
who have availed education loans during academic year 2013-14 and
also hailing from economically weaker sections are eligible for education
loan interest subsidy from Government of India, Ministry of HRD, through
Nodal Bank. Bank continues to give top priority for extending credit
for pursuing higher education under the Star Education Loan scheme.
Towards this end, the Zonal marketing teams are constantly entering
into tie-up arrangements with local Institutions so that the students
requirements are speedily attended to by the branches. Bank has also
redefined BOI Star Vidya Loan aimed to cater to students seeking
admission to Premier Educational Institutions in the country such as IITs/
IIMs/NIDs etc.
The Vehicle Loan segment also recorded reasonable growth of 15 %
increasing from ` 2,037 crores to ` 2,351 crores during the year. The
strategy of tie-up arrangement with diverse reputed auto manufacturers
like Maruti Suzuki, Tata Motors, Hyundai Motors, Mahindra and Mahindra
and ICML continues to provide healthy retail leads to augment Auto fin
portfolio. The growth in respect of major Retail loan schemes was as
under:
(` In Crores)
Scheme

Regional Rural Banks


Bank has sponsored 4 (four) Regional Rural Banks (RRBs) namely
Jharkhand Gramin Bank (Jharkhand State), Aryavart Kshetriya Gramin
Bankt (Uttar Pradesh State), Narmada Jhabua Gramin Bank (Madhya
Pradesh State) and Vidarbha Konkan Gramin Bank (Maharashtra State).
All RRBs are profit making. All Branches and administrative offices of
the Gramin Banks are now on CBS platform. These banks are enabled
on RTGS and NEFT and ATM platforms. All RRBs taken together have
a branch network of 1524 outlets and have garnered a business mix of
` 30,891 crores.

Star Home Loan


Scheme
Star Education
Loan Scheme
Star Vehicle
loan Scheme
Star Personal
Loan Scheme
Star Mortgage
Loan Scheme

Some Important Initiatives


Use of BC network for National Skill Development Corporation
(NSDC) project
UID enrolments - approx 350 lakh completed
Awards :
BANCON Award 2013
IBA Award as runner up for FI techonology
FIPS 2013 - Award for best technology intitiative in FI
ITU - Award for project Saksham in Indore by United Nation jointly
to Bank and one of its Coporate BC for implementing are the project
of Municiapl Corporation, Indore.

As on
31.03.2013

As on
31.03.2014

Growth /
%age growth

10,267

13,081

2,814 / 27 %

2,412

2,652

240 /10 %

2,037

2,351

314 /15 %

779

927

148 /19 %

2,007

2,971

964 / 48 %

SME
During the year 2013-14 Banks performance under MSME segment
was on expected lines. Amidst low credit growth in Industry we have
grown Y-O-Y by more than 21%. Some decisions taken in earlier years
viz creation of new vertical for SME Business, setting up specialized
processing cells with dedicated sales forces etc have started yielding
results and have significantly contributed to extending credit to the sector.
Performance of the Bank under MSME Segment
Business growth : MSME Outstanding ` 45,081 crores registering
Y-O-Y growth of 21.04%.

Retail Credit

Performance under MSE: MSE Outstanding ` 38,686 crores


registering Y-O-Y growth of 21.15%.

Bank during the year 2013-14, perused the policy of building up a healthy
retail credit portfolio. In the post recessionary period of FY 2013-14 as
reviving economy gave ample opportunity for retail credit. The retail
credit portfolio of the Bank increased from ` 22,350 crores to ` 29,600
crores as on 31st March, 2014. During this period the contours of retail
credit were also redefined. Bank has established 23 Retail Business
Centres (RBCs) major cities to expedite the processing of retail Home
Loans/ Loan Against Property and also processing of Vehicle Loan and
Education Loan proposals- in case of tie-up arrangement. The Home
Loan segment recorded a growth of 27% i.e. from ` 10,267 crores
(March, 2013) to ` 13,081 crores (March, 2014). Bank has formulated

MSE manufacturing sector has grown from ` 16, 031 crores


(March 2013 ) to ` 20,095 crores ( March 2014), witnessed Y-O-Y
growth of 25.35%.
Share of Micro sector within MSE has slightly decreased to
47.69% as at March 2014 from 49.54% as at March 2013.
Growth in number of Micro accounts: 93,903 accounts have been
sanctioned under Micro segment during 2013-14 registering growth
of 18.60% over accounts as at 31.03.2013 against the mandatory
target of 10%.

39

/ BANK OF INDIA
Performance under CGTMSE 33,930 new accounts added under
CGTMSE scheme during 2013-14 covering exposure of ` 2,351.17
crores. We continue to remain No.1 amongst PSU banks in terms
of total coverage under the scheme which has reached the level of
1.51 lakhs accounts with total exposure of ` 9,614.22 crores as on
March 2014.
Performance under PMEGP : 503 accounts with limit of ` 157.65
crores has been sanctioned during the year 2013-14 under PMEGP.
Bank won the National Award for Excellence in PMEGP
implementation for the year 2012-13. The award is given by Khadi &
Village Commission (KVIC) under Ministry of MSME.

/ Annual Report 2013-14


In order to implement Damodaran Committee Recommendations on
Internal Grievance Redressal System in the Banks, our Bank has a
Chief Customer Service Officer. He will be responsible for speedier
disposal of customer grievances and strengthening of customers`
confidence in the Internal Grievance Redressal System of the Bank.
Branch of the Future Project
Continuing customer centric initiatives, more branches were converted
into Branches of the Future taking the total to 131 at the end of FY14.
These futuristic branches have large customer area and self-service
customer friendly equipments. Some of the key differentiating elements
of Branches of the Future are the following.
The interiors of these branches have been aesthetically laid out
creating large customer area with sufficient seating arrangement.

Strategies for achieving growth under MSME Segment


Post felicitation of top 100 SME borrowers at the very beginning of
FY 2013-14 our Bank has increased its visibility in MSME space by
actively participating in all the ground events organised in 23 cities
across India during the year. The events were organised by India
SME Forum a NGO with whom we had tied up for Banks brand
promotion.

Distinct front office and in-branch back office have been created for
quick turnaround time.
Customer empowerment has been attempted through self-operated
passbook printing kiosks.
Cash deposit kiosks have been installed giving option to the
customer to deposit directly into account without using the services
of the teller.

Lending under CGTMSE scheme has been encouraged by bringing


the scheme under mandatory rule up to the eligible limit. Wide
publicity was given for creating awareness among the borrowers
regarding the scheme.

Queue Management System (QMS) is being used for managing


front line customer facing activities in a more organized manner.

MOUs with 5 new OEMs have been signed during the year to ensure
credit flow to MSE sector through SRTOs and equipment finance.
As on 31st March 2014 the number of such OEMs stood at 14.
ROI has been reduced by 1% across the board for limits above `10
lakhs and up to ` 100 lakhs in Micro sector to make further inroads
towards the sector.
New product BOI Star Doctor Plus has been launched with
attractive features to solicit business from qualified doctors. No
upper limit is fixed for the doctors for their business need.
21 SME City Centres across the country have cumulatively
sanctioned ` 9,734 crores as on 31st March 2014 out of which
` 7,226 crores were disbursed during this year only.
Ventured into direct assignment market of securitised pool of assets
pertaining to different NBFCs and grabbed approximate business of
` 500 crores under this arrangement.
REORGANISATION OF THE BANK
As part of reorganization, two separate business groups viz. National
Banking Group and Wholesale and International Banking Group were
created for focused attention to respective businesses. Each Group is
responsible for the performance of various Business Units falling under
its purview. Based on the experience gained further refinements was
carried out during FY 2013-14. Some of these changes are as below:
The turnaround time was sought to be further reduced by delinking
NBG Branches headed by Assistant General Managers from
specialized processing centres viz. SMECCs and RBCs.
AGM and CM headed branches have been permitted to do Large
Corp and Mid Corp business. The strategy behind this move is to
enable larger number of branches to solicit such business which
was hitherto restricted only to Mid-Corporate/Large Corporate
Branches.
A few multiple CPCs were established by merging RBCs and
SMECCs.They can now do business pertaining to both SME and
Retail. At a few places, Rural CPCs have also been merged to make
to handle Retail, SME and Rural Businesses.
One New NBG has been created covering Zones in Chhattisgarh
and Jharkhand states.

New roles and responsibilities have been defined for members


of the branch team to achieve greater sales push and customer
satisfaction.
Training for better customer management and cross selling has
been provided to staff working at these branches.
The Feedback from the customers is very heartening. The overall
efficiency of branch operations has improved as a result of this initiative.
Customer acquisitions and business leads are also picking up significantly
at these branches.
e-Gallery conceptualization
Considering increasing acceptance of automated kiosks by the
customers for various banking services, e-Galleries equipped with selfoperated kiosks such as ATM, passbook printers and cash accepting
machines/Bulk Note Acceptors have been placed on 24x7 basis.
Reduced customer footfalls will further improve customer service in
branches. Other automated kiosks such as Cheque Acceptance Kiosk,
Internet Kiosk and Customer Feedback Kiosk have been planned to
extend more services on 24x7 basis. Presently more than 50 e-galleries
locations have been identified out of which 19 are operational.
Customer Care Management Solution Revamping
To increase the efficiency in redressing customer grievances, Bank has
revamped its existing Customer Care Management Solution (CCMS)
at both Banks corporate website and Banks internal network. The
revamped solution has improved features such as automatic recording
of complaints lodged in Grievances Redressal Portal on the Website;
automatic transfer of complaints received by email; efficient status
tracking; widening the range of categories of complaints for better root
cause analysis; and; prompt escalation to the functional department
concerned for speedy redressal.
Alternate Delivery Channel
Bank is offering various types of Credit Cards to select from to the
customers. The Bank also has Two affiliate banks viz. Bank of
Maharashtra and Tamilnadu Mercantile Bank Ltd issuing Credit Cards
under the brand name India Card. During the year Issuing turnover
witnessed a growth of 8.98 % and stood at about ` 426 crores and
acquiring turnover witnessed an increase of 8.40% and stood at ` 350
crores.

40

/ BANK OF INDIA

/ Annual Report 2013-14

Acquiring turnover on debit cards witnessed a growth of 44.56 % and


stood at ` 1644 crores.
Bank is also offering various types of Debit cum ATM cards. Total
Debit Cards issued during 01.04.2013 to 31.03.2014 stood at 33.21
lakh comprising of 3.66 lakh Starlinks International ATM cum Debit
Cards (Visa Electron), 24.80 lakh BOI Global Debit cum ATM cards
(MasterCard), 0.01 lakh Platinum Debit Cards (MasterCard), and 0.72
lakh Bingo Cards and Rupay cards 4.01 lacs Debit cards registered
a growth 24.41% during the year 2013-14. Total Debit cards as on
31.03.2014 has reached to 169.23 lacs. During the year 2013-14 we
have issued 9,723 gift cards (VISA Electron).
SMS Alerts - Star Sandesh
As a fraud prevention measure, SMS alerts are generated and provided
to all customers who have registered their mobile number with the Bank
for
All Debit transactions from delivery channels (Internet banking/ATM/
POS).

Online Nomination facility while creating online Term Deposit


Receipt as well as for existing Term Deposit Receipts.
Automated Teller Machines (ATMs):
Bank has joined National Financial Switch (NFS) which enables
Customers to access more than 85,000+ ATMs across the country. Bank
is also part of Cash Tree, BANCS & SBI Group networks. As on 31st
March 2014 we had 4,225 ATMs out of which 1,992 were under MOF and
the rest 2,293 were under Phase VI.
IT Enabled Services:
In the process of the ambitious growth plan of the Bank, various initiatives
intensively taken with the immense potential of IT enabled products and
market them effectively so as not only to retain the old customers, but
also to acquire new ones, especially the tech savvy young generation,
it is proposed to carve out a separate IT enabled services ITES department at HO including the following areas of work:
Internet Banking: Retail Customers and Corporate Customers
Mobile Banking:
ATMs
Card Products: Debit Cards, Credit Cards, Bingo Cards, Gift Cards
BOI Star Reward Program
E-Commerce Facility
E-Pay Facility
Demat
Instant Money Transfer

All Customer induced debit & credit transactions of ` 10,000/- and


above.
All Debit ECS transactions of ` 10,000/- and above.
All Debit RTGS transactions.
Acknowledgment on accepting the cheque book issue request.
Alerts for installment due in Star Autofin & Housing Loan Accounts.
Internet Banking:
A fast and secure internet banking facility is available to customers for
utility bill payments, air & rail ticket booking, on-line shopping, inter-bank
and intra bank fund transfers, etc.
Bank of India is the first PSU Bank in India to implement Two-factor
Authentication (2FA) Star Token for both Retail and Corporate internet
banking customers as an additional security measure. Banks customers
enjoy the convenience of secured Anytime, Anywhere, Anyhow hassle
free Banking from the comfort of their homes and offices with a click of
a mouse.

Instant Money Transfer (IMT):


Banks customer can remit funds to the beneficiary who does not have
Banks account and the Debit Cards
Innovative, safe, simple and Hassle free domestic money transfer
with cash out facility.
24x7x365 facility availed both by initiator and beneficiary/ receiver.
Money can be remitted by using ATM or Retail Internet Banking
Money can be sent to any beneficiary/ receiver who need not
necessarily be the customer of BOI or any Bank.

Some of the importan features of internet banking are:


Online Interbank Fund Transfer across banks, through our Star
Connect Internet Banking Services, using RTGS/ NEFT facility

Beneficiary/ receiver can withdraw money from any BOI IMT enabled
ATM without using a card. (List of IMT enabled ATMs is displayed
on Banks website)

BOI Star e-Pay for Auto-pay or on-line payment of various utility


services / bills

Self Service Banks customer can initiate the transaction from his/
her own through Retail Internet Banking or ATM.

e-Payment of Direct & Indirect, Central Excise & Service Tax

Useful when beneficiary/ receiver require cash instantly or in


emergency.

Star e-Share Trade to trade in shares.


e-Freight Payment
Directorate General of Foreign Trade(DGFT) license fee Online
e-Payment
Online Booking of Railway & Airlines Ticket
Online Application for Education loan
On Line facility available to View and Apply Application Supported
by Blocked Amount (ASBA) for IPOs from Internet Banking
Enabling internet banking customers to make online Fixed Deposit.

Useful when beneficiary/ receiver do not have a Bank Account or


bank account details are not known.
INFORMATION TECHNOLOGY DEPARTMENT
Banks Information Technology is plyaing a vital role in the Key Business
Driver of the Bank. It is the lifeline for functioning of the entire Bank.
Details of the initiatives implemented recently are:
Customer Centric Initiatives:
eGallery: The installation is complete at 19 locations. eGallery
planned to be launched at 50 locations and to be extended to 100
locations.

Hot Listing/Reset/Unblock/Change of Debit Cum ATM card PIN


using Internet Banking password.
Viewing of Annual Tax Statement (Form 26AS).

Pass Book Printing Kiosk: Bank has installed Pass Book Printing
Kiosk at 900 locations across India. We have planned to install it at
another 3,000 locations during the current financial year.

Extended the facility of online e-Payment to the customers holding


our Debit-cum-ATM card. This will enable the customers to use their
Debit-cum-ATM cards for e-payments in addition to credit card &
Internet banking account.

Cash Accepter Kiosk: The installation is complete at 246 Locations


across India. It is planned to install 1246 Cash Accepter Kiosks at
different locations across India during the current financial year.

41

/ BANK OF INDIA
Total Number of ATMs: It is planned to increase number of ATMs
and take total ATMs to 8000 during FY 2014-15. The number of
ATMs has already crossed 4375 mark.
CRM Project: This will enable Personalized Service, better Turnaround-time(TAT) for service requests, Informed and professional
advice regarding new financial product offerings, and will provide
Data inference-based interaction and hence has an objective value.
Cash Management & Channel financing: Providing Web based
interface for effective Cash Management and channel financing.
Trade Finance: Providing web based portal to customers for Trade
Finance Application which will be integrated with Finacle for both
domestic and international operations.
Payment Gateway Solution: Online payments are becoming
important for all the businesses. By implementing Payment Gateway
Bank can generate revenue by selling payment services to other
banks and third parties.
Mobile Banking: Bank has introduced a new Mobile Application
-Star Token NG - this New Mobile Application will enable Access
to Internet Banking through Mobile, TAB, iPAD and will provide
Secure Web App Access with Multifactor Authentication and can be
extended to the existing Star Token users immediately without any
formalities for availing the same.
Adoption of Social Media: Keeping in perspective factors such as
perception, compliance.
Deposit in PPF Account: The functionality of Online Deposit in
PPF Account is introduced in Internet Banking with facility to create
online Standing instruction for PPF. Now customer can deposit his/
her PPF Contribution in any branch.
Account Number Portability: As per recommendations of the
Damodaran Committee on Customer Service in Banks, Bank has
introduced Account Number Portability for transfer of Deposit
Accounts from one branch to another branch.
Technological Enhancement & Other Services for Operational
Excellence
Straight through processing (STP) is enabled for outward and
inward National Electronic Fund Transfer (NEFT) in Finacle. This
has facilitated speedier processing of NEFT messages.
Bank has automated the process of return of inward un-processed
NEFT messages in Finacle which has helped making the return
process speedier.
Facility for walk in customers for NEFT against cash deposit in any
branch if the amount of NEFT is less than 50,000/-.
Migration of all the servers which were planned to be under
virtualization has been completed. Virtualization infrastructure is
now in place and stabilized. New applications/servers are added as
per requirements.
Implementation of Credit Application Processing System (CAPS)
including integration with CIBIL.
Bank has migrated more than 2000 branches in to Multi-Protocol
Label Switching (MPLS) with enhanced bandwidth.
All Foreign Centre Branches successfully migrated to Finacle, with
this Bank has uniform CBS software across the globe.
Internet Banking successfully launched for 25 Foreign Branches.
Data Centre
Data Centre, certified with ISO 27001:2005, BS25999 and PCI DSS
standard with 1:1 redundancy of physical hardware Infrastructure
between primary site to secondary site with the Recovery Time Objective

/ Annual Report 2013-14


(RTO) of 15 minutes has been successfully established by the Bank.
The primary site is situated at Mumbai and Disaster Recover site (DR)
situated at Bangalore. The Near Site (NR) has been established with
primary site storage replication for zero data loss. All offices, branches
and data centres are connected in WAN network with 24 hours dual
power supply from two DG-Sets through UPS.
The Data Centre deploys three tier architecture i.e. database, application
and web, which are deployed in different high-end servers with latest
version of operating systems, RDBMS and applications for better
management and performance.
Banks security and network infrastructure is designed considering
availability/capacity requirements. The data centre also has a strong
physical security control with Bio metric authentication for critical areas
of server and network farms. Dedicated resources working on 24X7X365
days equipped with latest Building Management Systems to control and
optimise management of power cooling, Fire protection and data centre
infrastructure system is in place. The entire premises is covered with
surveillance cameras to monitor 24x7x365.
Bank has a fully functional Disaster Recovery Site and Disaster Recovery
Drills are planned and executed once every quarter to ensure readiness.
The Bank has RTO of 15 minutes to switch over from Primary to DR
site operations. One of the innovative ideas of the Bank was to use the
Disaster Recovery set-up for MIS and Report generation purposes. This
not only resulted in optimum utilization of both the DC and DR resources,
but also ensured that all these resources also get constantly tested in
the process.
Bank has a Data Centre at Mumbai which connects all our overseas
Branches to a central hub and enable processing for all its foreign
branches. It is a 24/7 central hub catering IT related requirements of all
our foreign branches from Japan in the east to USA in the West. Disaster
Recovery Hot Sites with identical hardware and suitable software that do
online replication of data from Data Centre to DR Site have been setup.
The transactions are being replicated on real time basis at both DR sites.
DR drills to ensure high availability of the system are being conducted
on regular basis.
Data Warehouse
Data Warehouse (DWH) is providing the required MIS to all stake holders
to enhance the Decision Support / Management Information System for
the Bank & for achieving its Business Intelligence goals more quickly
and effectively. Banks Data Warehouse is storing daily transactional
data from Core Banking System, Treasury & other source systems. Bank
has simultaneously taken initiatives for refining the quality of the data
& with this banks MIS has become more refined and precise. Bank is
generating most of RBI returns, reports to Government of India, MIS
reports for internal purpose based on the data in the DWH database.
The Dashboard provided to the Top Management is effectively used for
monitoring business growth & taking timely corrective actions wherever
necessary. Bank has also implemented business analytical tools for
achieving business intelligence goals.
Project Gramshakti
With a view to provide Anytime, Anywhere, Anyhow banking service to
the rural clientele the Bank has completed the process of implementation
of CBS in all the Bank sponsored RRB (Regional Rural Banks)s to
provide 100 %. All the branches of RRBs are RTGS / NEFT enabled
using our infrastructure. As per Government Notification, three RRBs
sponsored by other banks had been amalgamated with our RRBs. We
have successfully merged/migrated the data of these three RRBs.
Certificate/ Award
CIO100-2012 winner.
Certificate of appreciation awarded by Computer Society of India to

42

/ BANK OF INDIA
the Bank for the Project Financial Inclusion through ICT enabled
solution.
CIO Masters 2013 Category- Data Centre. Received Certificate of
Recognition of Unique Achievements in the area of Data Centre.
CIO100-2013 - Our project adjudged as the winner.
Skoch Award 2013 Our project has been selected among Indias
Best 2013.
First Runner up award in the category of Best Financial Inclusion
Initiative among Public Sector Banks in IBA Banking Technology
Awards 2012-13.
Received Runners up award from NPCI in NFS Operational
Excellence Awards 2013 in Public Sector Banks category for
excellent performance in key parameters in respect of ATMs and
switch connected to NFS ATM Network.

THIRD PARTY PRODUCTS


Tie-up for Life Insurance:
Bank continued its Corporate Agency arrangement with Banks Joint
Venture Life Insurance Company Star Union Dai-ichi Life Insurance
Co Ltd. for sale of their life insurance products. Bank has around 3338
employees to act as Specified Person for sale of insurance products in
various centres.
During the current financial year, bank collected premium of ` 421 crores
(Number of Policies 78,000 over ) and contributed to more than 53 % of
the total new business of the Joint Venture company .
Bank continues to offer optional life insurance cover to our Retail Loan
Borrowers including Star Home Loan and Star Education Loan borrower
under Group Policy wherein the borrowers pay reduced premium for life
cover.
Tie-up for General Insurance (Non-life) with National Insurance Co
Ltd. (NICL):
The existing tie-up arrangement with NICL was converted into Corporate
Agency Distribution Model in compliance with IRDA revised guidelines
covering Bancassurance Business with Distributors like Banks. Bank has
a co-branded health insurance product - BOI National Swasthya Bima,
which is a Family Floater Mediclaim Insurance Cover available only for
Bank of India account holders, for a very low premium. The coverage is
for the Account Holder, Spouse and Maximum of 2 Dependent Children.
Entire family (Account holder, his/her spouse and their two dependent
children ) is covered to the extent of sum insured in as much as part of
the sum insured can be availed at different times by family members. It
has been a popular product and as on 31.03.2014 over 1.55 lakhs Bank
of India Account holders have taken this policy.

/ Annual Report 2013-14


Bank and this function has steadily grown in importance. Substantial
measures were initiated to augment recovery and contain NPAs. Efforts
were also made to maximize recovery in written off accounts and
uncharged / unrealised interest in NPA accounts which contributes to the
Banks profits significantly. The following table shows management of
NPAs during last 3 years:
(` In crores)
Item

31.03.12
(Actual)
4,812

31.03.13
(Actual)
5,894

31.03.14
(Actual)
8,765

GROSS NPA (Opening)


Less:
Cash-Recovery
1,205
1,245
3,066
Upgradations
487
759
938
Write-off
2,415
2,415
1,767
Total Reduction
4,107
4,419
5,771
Add:
Slippages
5,401
7,379
8,811
Less Unrealised Interest
(URI) (introduced from
212
89
-63
F.Y 2009-10)
5,894
GROSS NPA (Closing)
8,765
11,869
Recovery in W/Off A/cs,
672
1051
878
UCI/URI
Net NPA
3,656
5,947
7,417
2.34
2.99
% age of Gross NPA
3.15
to Gross Advances
1.47
2.06
% age of Net NPA
2.00
to Net Advances
During the year Bank sold assets with o/s ` 4,743 crores (Corporate as
well as Retail) on both cash & SR basis in which assets sold on absolute
cash basis for ` 11.53 crores. The component of cash & SR basis and the
reserve assets is ` 146 crores / ` 2,471 crores respectively.
CREDIT MONITORING:
Concerns on asset quality front in the current economic scenario
mandates a regimented monitoring mechanism. Various tools and
methods are adopted by the Credit Monitoring Department of the Bank
for identifying accounts with signs of incipient stress/potential default/
delinquencies.

NPA (` Crore)
2.99%

The total premium collected by the Bank for NICL during financial year
2013-14 has been ` 183 crores which earned a commission of ` 16.61
crores.

2.23%
2.34%

Mutual Funds Products:


Our Bank continues to be a shop for all financial needs to the customers
in as much as distributes various Mutual Fund products of the following
10 Asset Management Companies, viz., BOI-AXA Mutual Fund, Birla
Sun Life Mutual Fund, DSP BlackRock Mutual Fund, Franklin Templeton
Investments, HDFC Mutual Fund, IDFC Mutual Fund, Kotak Mutual
Fund, Reliance Mutual Fund, SBI Mutual Fund, and UTI Mutual Fund.

0.91%

2.06%

1.47%

ASSET RECOVERY & NPA MANAGEMENT


March '12

The level of Non Performing Assets (NPA) is key to any banks profitability
and consequently larger the efforts of a bank to minimise NPAs, the
better it is in the long-term. The Bank continued its drive and focus in
improving its performance in the area of NPA management in the year
2013-14 as well. NPA reduction has been given utmost priority in the

March '13

Gross NPA (%)


Net NPA (%)

43

March '14

/ BANK OF INDIA

/ Annual Report 2013-14

MIS Reports generated regularly on weekly/fortnightly basis reflect


accounts with aberrations which warrant attention.
Collection Cells have been set up at Zonal Centres for monitoring
small ticket advances. In accounts below ` 10 lakhs, a system
generated advance intimation from Zonal Office is sent to the
borrower,10 days prior to due date, informing the due date and
amount of instalment. Regular follow up for recovery is made in case
the instalment is not paid on the 15th day from the due date.
Outbound Call Centre mechanism was introduced in December
2013 for recovery of overdues in accounts with outstanding of ` 1
lakh to less than ` 100 lakhs covering all loans under Retail Loan
Segment (excluding Education Loans) and SME Loans. The Call
Centre makes the call to the borrower/s and the borrower-wise
automated feed- back is received by the Branches for further action.
Credit Process Audit (CPA), prior to release of funds by Bank,
ensures compliance of all terms of sanction and other covenants.
Similarly, periodic Stock & Receivable Audit by empanelled
Chartered Accountants in all eligible accounts is ensured to
safeguard quality of assets charged to the Bank.
Zonal Credit Monitoring Committee meetings are conducted at all
Zones wherein issues relating to big ticket advances are dealt with.
Restructuring of the liabilities of borrowers with signs of stress/
temporary aberrations is undertaken subject to long term viability
and possibility of retaining the loan as earning asset in line with the
prevailing RBI guidelines. Calculation of Diminution in Fair Value
and provision thereon is done at the Head Office level in respect of
all restructured advances of ` 100 lakhs and above.
Implementation of the recently introduced guidelines under the
framework for Revitalising Distressed Assets in the Economy issued
by RBI, for classifying an account as SMA with three sub- categories
has been undertaken. Adoption of the Corrective Action Plan (CAP)
is being operationalized.
A comprehensive Monitoring Module is being developed (presently
under UAT) that will be useful in building an effective asset quality
management framework. The module is intended to provide all
Branches and controlling offices the alerts general and financial
for monitoring all their credit assets. It also includes the asset
classification under SMA category.
BRANCH NETWORK & EXPANSION
Bank has a geographically well spread branch network in India and
abroad. Bank had 4646 branches in India as on 31.03.2014. In the
foreign countries, 25 branches and 31 representative offices keep Banks
presence felt in all time zones and important financial centers of the
globe.
During the year 2013-14, Bank then opened 354 new branches including
5 Extension Counters converted into full-fledged branches.
Composition of Banks Branch Network is as follows :
Category

31.03.2013

31.03.2014

No. of Brs. % to Total No. of Brs. % to Total

Metropolitan
787
18.34
833
17.93
Urban
742
17.29
789
16.98
Semi-Urban
1,165
27.14
1,258
27.08
Rural
1,598
37.23
1,766
38.01
Total Branches
4,292
100
4,646
100
Falling in line with RBI liberalized policy of branch authorization, some
branches were shifted to alternate sites and Extension Counters showing
good performance and those with locational advantage, were converted

into full-fledged branches. It is intended to continue this policy for the


coming year as well. RBI vide their circular No. DBOD.No.BAPD.
BC.60/22.01.001/2013-14 dated 21.11.2013 has further liberalized its
branch authorization policy allowing Banks to open branches in Tier
I to Tier 6 centers without obtaining prior approval from them subject
to reporting. Bank availed the opportunity and advised zones to send
proposals to open branches under this category.
POSITION AT A GLANCE
At the year end
31.03.2013
31.03.2014
Number of branches
4,341
4,702

Foreign
49
56
Indian
4,292
4,646
Of which :
Metropolitan
787
833

Urban
742
789

Semi-Urban
1,165
1,258

Rural
1,598
1,766
Computerised Branches

Fully computerised
4,292
4,646

Partially computerised
--Specialised Branches
271
271
Extension counters
42
36
Bank has 271 Specialised branches catering to the specific financial
requirements of various categories of customers in the domestic market.
Break-up of such branches is given in the following table:
Categories of Specialised Branches 31.03.2013
SME Branches
100
Overseas Branches
03
Large Corporate Banking Branches
10
Mid-Corporate Branches
42
N.R.I. Branches
06
Recovery Branches
15
Commercial & Personal Banking Brs.
26
Treasury Branch
01
Housing & Personal Finance Brs.@
24
Government Business Branch
01
Bullion Banking Branch
01
Service Branches
41
Centralised Pension Processing
01
13.
Branch
TOTAL
271
@ - Including Retail Business Centres (RBCs)
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.

31.03.2014
100
03
10
42
06
15
26
01
24
01
01
41
01
271

MARKETING
Marketing has been one of the thrust areas of the Bank for acquisition of
new customers servicing the existing customers and creation of customer
centric processes for enhancing value.
Bank has recently reorganized its Marketing Set-up. The new Marketing
Set-up focuses on mobilizing Deposits (including Govt. Deposits and
Trust, Association, Clubs & Societies [TASC]), Retail & SME advances,
Alternate Delivery Channel (ADC) Products, sale of Third Party Products
etc. The marketing staff are placed / attached to the branches including
Retail Business Centres and are working under the Head Marketing
(Deputy Zonal Manager) at Zonal Office.
To strengthen the marketing Team, Bank has recruited over 400
Marketing Executives during the last three financial years. As on 31st
March, 2014, Bank has over 386 marketing executives for focused

44

/ BANK OF INDIA
marketing efforts.
Major Initiatives during 2013-14
Training: Arranged workshop at Management Development
Institute (MDI), Belapur for the Heads of Marketing from all the
Zones.
Skill Development/ Product Enhancement: To keep the
marketing team updated on the latest developments in the Bank and
enhancing product knowledge, Weekly Online Product knowledge
tests are conducted.
Branding Activities: For image building/ brand building Bank had
given sponsorship for advertisement and branding campaigns at Big
Bazar stores in selected states during the month of August, 2013.

Also participated in Standard Chartered Mumbai Marathon during


the month of January, 2014. During the month of February, 2014
Bank participated in the 6th Edition of the Lavasa Women Drive and
was a Co-Sponsor for IL&FS Fun Run.
Business Development Activities: The marketing team focuses
on business development activities mainly in the area of Retail
Assets and Retail Liabilities including CASA. The stress is on adding
new and enhancing the existing relationship with the Diamond and
Platinum account holders.
Lead Management System: The LMS software package has been
made mandatory for all marketing staff of the bank. The system
effectively captures, monitors, tracks, closes and analyses the leads
generated at various levels. Workshops have been conducted for
key officials from Zones.

/ Annual Report 2013-14


health care at Mumbai & Ahmedabad by Doctors, Medical associations &
Cancer Care Foundation. We also participated in International Investors
conclaves organized by various publications; ASICON-2013 Conference,
advertisements in various events held at Indian Chamber of Commerce,
Indian Banks Association FICCI, Assocham etc. Participating in
International Banking Operations Seminar (SIBOS) 2013 at Dubai and
many other activities have been executed by us for increased visibility
of the Bank.

Customer Excellence
Bank reiterates its commitment to customer service through a customer
centric approach to achieve the goals set for itself. Bank has been a
voluntary member of the Banking Codes and Standards Board of
India(BCSBI) since its inception in 2006, to emphasize its customer
orientation and commitment to provide service of a high order in
a transparent manner, supplying the customer with the necessary
information. BCSBI revised code 2014 has been adopted by the
Bank and displayed on the website. Copies of the revised code are
being printed for information for customers. Bank has adopted various
revised customer centric policies formulated by IBA- like Deposit policy,
Cheque Collection Policy, Grievance Redressal Policy, Compensation
Policy, Recovery of Dues and Security Repossession Policy, Simplified
Procedure for Settlement of Dues in Deceased Depositors Accounts and
Delivery of articles held in Safe Custody and contents of SDV Lockers
in case of Deceased Constituents etc.
A short film on desired staff behavior shot entirely within the Bank
premises is being shown to the participants attending training
courses conducted at Staff Training Centres all over India.
Root Cause analysis of complaints is being done at quarterly
intervals to identify problem areas to initiate corrective steps at the
Head office level.

Campaign/ Initiatives: Various campaigns/ initiatives have been


launched for CASA, Retail Term Deposits and Retail Loans to
garner business for the bank. Rewards & Recognition programs
have also been launched for various Third Party Products during
the financial year.

Zonal Offices have also been authorized to carry out root cause
analysis and to reduce the grievance redressal time, identify critical
areas, take prompt corrective steps at their level if possible or to
escalate the same to Head Office and help enhance customer
satisfaction.

Publicity Activities:
Banks Publicity & PR Department had executed multi- media Corporate
Campaigns specifically designed to enhance the visibility of our Banks
Image and Promote banks retail products down the line Pan India under
the able guidance of Top management. In order to execute the media
plan, the foundation of our approved theme Relationships beyond
banking has been continued. The famous Corporate TVC (piggy bank,
couple, friends, closing time, bus etc) have been aired through various
Radio, TV channels and On screening activity through Multiplex Cinema.
These campaigns has propelled the promotion of our Banks product
Housing Loans, Auto Loans, SME loan , Education Loans, Loan against
property, Alternate Delivery Channel (ADC) Products & CASA through
Print media i.e. publishing various ads in major national/regional dailies
and various magazines. The same theme was further carried forward
for OOH activities on hoarding at prominent places in metro and other
centres. Strategic locations at Railways, Air ports & High ways have been
used. This campaign initiative have reportedly garnered good mileage
and enhanced the corporate image besides promoting & establishing the
Bank Products. Apart from, the campaign it is involved in giving due
publicity to our retail activities such as to investing in real estate, buying
cars, consumer durables.

With the increased emphasis on use of electronic mode of


communication, the turn around time for complaints has been
compressed to 10 days in majority of the cases.
Web based Customer Complaint Management System(CCMS)
has been revamped to generate analytical reports to help reduce
turnaround time in grievance redressal and initiate remedial steps in
time.
Customer service and grievance redressal week has been observed
twice during the year to draw the customers and staff closer and
bring about changes, if any, for improved customer service.
Compliance with various customer friendly measures by branches
is being periodically assessed through the visits of officers from
Zonal Audit Offices and necessary corrective steps are being taken
promptly thereafter.
Incognito visits by Deputy Zonal Managers to one or two branches
in the adjacent zones to monitor the level of compliance.
Clean Note Policy of RBI is being implemented through introduction
of latest note sorting machines/note authentication machines.

Bank has sponsored various events to increase the visibility of the Brand
and Product i.e. advertisement through some events in big multi chain
stores, various sports Super Series, development & reconstruction of shed
for pilgrims; International Convention of business & technical institutes
etc. Participation in Mega Cultural activities of state governments,
various religious /college/school functions, Real Estate & Housing
Finance Expo, Marathon at Bandra Kurla Complex of ILFS, Dream run
of standard chartered Bank, Conferences centered around the theme of

All customer centric information mandatorily required, is displayed


on the website for the benefit of customers and is made available at
the branches.
A comprehensive Notice Board in English/Hindi containing
information mandated by RBI and much more has been printed and
distributed from Head office to our branches for displaying the same
for customers benefit.

45

/ BANK OF INDIA
Various channels of communication are offered to customers for
airing their grievances including e-mail, phone.
Bank is issuing personalized Cheque Books in all branches.

/ Annual Report 2013-14


It is also in the process of migrating to Internal Models Approach (IMA)
for Market Risk for enhancing the effectiveness and robustness of risk
management systems.

Two Call centres at Mahape and Bhopal have been established and
will take up Querries / service / request / complaints etc. in phases.
The toll free no.is 1800220229 and Regular no. is 02240919191.

Bank has well established Fraud Risk Management System with clear
objectives to obviate fraud risk in the face of acceleration in Banks
business by strengthening internal controls to protect brand, reputation
and assets of the Bank.

Credit Application Processing System (CAPS) has been


implemented in Retail/SME/Agri/Corporate segments for timely
processing/escalations.

Bank is also computing Capital Adequacy Ratio as per basel III


guidelines of the RBI.

Long code 9225592255 has been put in place for customer querries.
RISK MANAGEMENT & CONTROL
Risk is an integral element of the activities of any bank. Accordingly, the
purpose of the risk control function is not only to minimize risks but also
to ensure that the institution properly identifies measures and handles
risks and prepares adequate reports on all these efforts so that the
extent of risks, which have occurred, should not endanger the continuity
of operations. With this in mind the bank has established mechanisms
which ensure the ongoing assessment of relevant risks on an individual
basis and also of the overall risk position of the bank

Bank has robust Information Security systems and processes. Bank has
implemented various information security projects for monitoring of real
time information security attempts/incidents/events on 24x7 basis. Bank
has put in place Captive Security Operation Centre (SOC). The Bank is
ISO 27001, PCI-DSS 2.0 and BS25999 certified.
FRAUD RISK MANAGEMENT
The main functions of the Fraud Risk Management department are:
Reporting and Monitoring of Frauds.
Maintenance of Centralized data on frauds.
Analysis of Perpetrated and Attempted Frauds and initiate mitigating
measures to prevent recurrence of frauds.
Provisioning and accounting of amounts involved in frauds .
Sensitizing staff through training on Fraud prevention.
Devising and Administration of FRM Policy for the Bank.
Convening meeting of Task Force of Frauds at Head Office.
Plugging the loopholes in the systems, procedures & practices
leading to perpetration of fraud
Dissemination of modus operandi & reasons for occurrence of
fraud revealed by way of Circulars/instructions to avoid the risk of
recurrence of frauds of similar nature
On line monitoring of alerts generated with the assistance of RIMS,
an external application

Risk Management is a Board driven function in the Bank with the Risk
Management Committee of the Board at the apex level supported by
operational level committees of top executives for managing various
risks. The process of risk management consisting of various stages i.e.
identification, measurement, monitoring and control, is covered in the
policies for Enterprise Wide Risk Management ,Credit Risk Management,
Operational Risk Management, Market Risk Management, Derivatives,
ALM, Foreign Exchange and Dealing room operations. These stages
constitute a control cycle, which also involves feedback and feed forward
loops.
The identification, measuring, monitoring & mitigation of all potential
risks, in all activities and products is done through detailed analysis and
vetting the same by the operational level risk committees and task forces.
Risk profiling of the bank is also done on a quarterly basis. Various tools
and systems like prudential limits, new Basel Compliant credit Rating
Models, Credit Audit, VaR models for market risks, Self-assessment
exercise coupled with tracking of Key Risk Indicators for operational risk
have been introduced for assessing/measuring the identified risks. Data
warehousing project to provide comprehensive data for analysis has
been implemented. The Bank is implementing Credit Risk Management
Software which will help the bank in improving the data quality and
completeness and upgrading its Risk Management systems.
Bank has migrated to computation of capital adequacy under New Capital
Adequacy Framework (Basel II) based on Standardised Approach for
Credit and Market Risk and Basic Indicator Approach for Operational
Risk as per RBI guidelines effective 31.03.2008.
The Bank undertakes Internal Capital Adequacy Assessment Process
(ICAAP) on a yearly basis for assessment/measurement of various risks,
the limits of its risk-bearing capacity and appropriate level of internal
capital in relation to the risks and the Risk Appetite. Stress Testing
Process is in place for enhancing risk assessment by providing the bank a
better understanding of the likely impact even in extreme circumstances.
Going forward, this exercise is expected to render an objective basis
for decision making both to the risk control function and to the entire
institution and also for assessing the performance of the independent
control function.
Bank has received permission from RBI for migration to Foundation
Internal Rating Based (FIRB) approach for Capital charge computation
under Credit Risks. Bank has also applied for migrating to The
Standardised Approach (TSA) for Operation Risk.

HUMAN RESOURCES DEVELOPMENT


Human Resources play an important role in the growth of an organization.
Management of people begins with recruitment process and passes
through various movements, such as, training, placement, performance
reviews, promotions etc. Human resources department is instrumental
in creating a vibrant organizational culture in which employees are
encouraged and motivated to perform their best.
Policies, Recruitment & Promotion
Human Resource Management plays a vital role in accomplishment of
corporate goals. In a service-oriented industry like Banking, success
depends on prompt and efficient customer service, which can be achieved
by recruiting right talent, grooming and right placement. Banking industry
as a whole is facing shortage of staff and all Banks are making all out
efforts to recruit employees both in Clerical and Officer Cadre. Conscious
attempts are being made to improve / infuse young employees to replace
the superannuating employees. Bank could largely succeed in spite of
various inherent constraints such as reluctance of young candidates to
accept rural posting, monetary compensation, simultaneous recruitment
of staff by all PSBs due to acute shortage in their respective Banks,
etc. In years to come most of the PSBs will recruit through common
recruitment process conducted by IBPS which will reduce the attrition of
new recruits in Bank.
Bank has recruited 1720 officers in General Banking & Specialist cadre
in various scales and 2448 in clerical cadre in financial year 2013-14.
Bank has initiated steps for recruitment of 1993 General Banking Officers
& Specialist officers, and 3995 Clerical Staff. The newly recruited
Clerks and Officers are expected to report for duties in the first quarter

46

/ BANK OF INDIA

/ Annual Report 2013-14

of financial year 2014-15 to take care of requirements due to branch


expansion / business expansion as well as retirements/ VRS.

MDIBelapur organised the training for staff posted in foreign branches


attended by 26 participants.

The other initiatives being taken on the HR front include:

5 days Leadership and Change Management programmes for 112 newly


promoted GMs and DGMs and AGMs were organized at IIM-Ahmedabad,
ASCI-Hyderabad.

Inclusion and integration of more HRMS modules (activities)


to provide full-fledged solution to all HR issues like scientific
assessment of Manpower requirements of the Bank;
Simplification of the Annual Performance Assessment system;
Review the Promotion Policy to make it more objective and suitable
as per the present requirements
Star Desk is being regularly visited by the General Manager (HR) for
exchange of suggestions related to HR initiatives, improvising HR
policies;
Introduced Talent Bank by identifying Officers having special skills
in areas like Credit, Forex, Marketing, Recovery,
Introduction of fast promotion process relaxing eligibility criteria for
Officers;
Various welfare measures being implemented for employees
such as Group Savings Linked Insurance, Death Relief Scheme,
Reimbursement of Education Expenses of wards of employees,
Tie-up arrangement with various hospitals for cashless treatment,
Medical Assistance for Retired Employees.
Learning and Development
Building winning teams through developing skill of the employee is a
key component of Human Resources Department. In line with the above
and recognizing the need to harness the true potential of large human
resource pool, a separate Division Learning and Development has been
carved out of Human Resources department.
Learning & Development Division through its continuous training and
development programmes and modules acts as a catalyst in augmenting
the competencies of employees and equip them with right skills and
knowledge for meeting ever changing business needs of customers
in different segments. The Training Policy was approved by Board
on08.12.2012.
Bank has six training colleges spread across the country. While the
Management Development Institute (MDI), CBD Belapur, Navi Mumbai
is Apex level training establishment, four Staff Training Colleges (STCs)
are at strategic locations at Bhopal, Chennai, Noida and Kolkata besides
one Information Technology Training Centre (ITTC) at Pune. During the
year 2013-14 in all 24,130 employees of the Bank and 1570 employees
from RRBs and other organizations were imparted training in 1013
programmes organized at these colleges.
During the fiscal year, 1690 DROs and 2305 clerks joined the Bank.
Exclusive Induction training programmes were organised for them at
all the training Centres as well as at Bankers Quotient-Coimbatore.
688 DROs were imparted Induction training at Bankers QuotientCoimbatore, while remaining staff received Induction trainings at our
centres. Each such batch has been addressed by Principal & General
Manager MDI-Belapur &/or General Manager (H.R) either in person or
through video conferencing at other training centres. On some occasions
DROs were addressed by our Chairperson and Managing Director Mrs.
V R Iyer, Executive Directors /General Managers. Pre-promotion training
programmes were held for eligible persons. Special programmes for lady
officers and clerks organized at MDI, was addressed by Chairperson
& Managing Director Mrs. V R Iyer. Programmes for retiring staff were
organized at MDI-Belapur.
1795 Officers were nominated for training at outside institutions in India
and 20 officers were deputed abroad to attend trainings, conferences
and seminars.

Train the Trainers Programme for 30 newly selected faculty staff was
organized at BIRD Lucknow, an institute of repute.
Three days and five days customised programmes for 202 officers
working in IR/IL & Vigilance Departments, CASA counters and Credit
counters were organised at IIBF Mumbai and NIBM-Pune.
Total 239 three days locational programmes at regular interval of 2
months on Credit/Forex & Agriculture Finance/Retail Banking with the
help of our banks retiree executives were organised by all the Zonal
offices imparting training to 6420 staff members.
Bank deputed 63 officers to foreign branches for exposure in International
Banking. All these officers were imparted on the job training at Treasury
Branch, International Dept. H.O, Mumbai Overseas Branch.
Programmes for outside institutions were conducted at Banks training
centres-Like One week Orientation Workshop on FOREX on behalf of
FEDAI at MDI Belapur, STC Bhopal, and STC Noida and STC Chennai,
Induction Trainings to DROs of Central Bank of India at STC-Noida
.MDI also conducted a Bourse Programme for Banks Dealers ,also
attended by officers of other banks.
On-Line Product Knowledge Test was organised for all the officers,
scale I to VI at all the Zonal offices as well as Head Office.
469 students from different management institutions were approved to
carry out Summer Internship in the Bank.
Commercial Bank Trainings to RBI Officers were organised for 7 RBI
officers.
Bank being a Nodal institution, for organising interviews for officers /
clerks on behalf of IBPS in New Delhi Zone. STC-Noida organised these
interviews at their centre in month of December 2013 and January, 2014.
A significant achievement has been made in the Banks training system
by making training module live under Human Resource Management
system. This has facilitated on line nomination to various training
programmes in the Bank at Zonal level and generates the reports at
Head Office levels to monitor the nominations.
Incentive schemes are in place to encourage staff members to upgrade
their knowledge by passing various examinations conducted by the IIBF,
ISACA, GARP & PRMIA and other reputed institutions.
The Global Human Resources talent in the Bank is consisting of 17581
Officers, 17940 clerks and 7622 support staff aggregating to 43143 as
on 31.03.2014.
In-House Publications (Taarangan & BOI Guiding Star)
Since last 49 years, Banks In-house Journal Taarangan has been
playing a significant role of internal communication in the Bank. It is
also one of the mediums of promoting employee engagement in the
bank. It has developed as a platform where our employees express
their creativity through articles, poems, experiences, cartoons etc. In
addition to these our house journal also contains success stories of our
customers, customer special achievements including details of social,
promotional and other activities undertaken by Zones/Branches/ offices
in India/ abroad along with achievements of our staff members and their
children. In every zone, there is a zonal representative for Taarangan to
look after the related work. However, the main objective of this In-house
Journal is to play a major role as an internal communication tool amongst
our staff members.

47

/ BANK OF INDIA

/ Annual Report 2013-14

Banks In House Journal has won various awards and accolades from
reputed organizations during 2013 including one International Award for
Brand Excellence in House Magazine. The details of awards won are as
under:

Head Office and Zonal Offices are also associated with implementation
of reservations in respect of other categories like Ex-servicemen /
Persons with disability etc.
Representation of SC/ST/OBCs in Total Staff Strength (Indian)

FIRST EVER INTERNATIONAL AWARD for Brand Excellence in


House Magazine by Asian Confederation of Business during 3rd
Asian Leadership Awards 2013 held at Dubai on 24th September
2013.

March 2014
Officers Clerks Sub-Staff
SC
2,958 3,025
2,736
% to total Staff in Indian Offices
16.82 16.86
35.90

NATIONAL AWARD for its March 2013 edition-Salute to women


power under English Magazine Category 3rd prize from Public
Relations Society of India (PRSI), New Delhi

ST
% to total Staff in Indian Offices

1,326
7.54

1,842
10.27

796
10.44

3,964
9.19

OBC
% to total Staff in Indian Offices

2,492
14.17

2,132
11.88

1,226
16.09

5,850
13.54

FOUR AWARDS from Association of Business Communicators


of India (ABCI) on 18th October, 2013 at Mumbai in categories
i.e. Headlines-Gold, Features (Language)-Silver, Special Column
(Language)-Silver, Photography-Bronze.
Reserve Bank of India(RBI) awarded 4th Prize to our journal
amongst all public section Banks on 28th August, 2013.
Shailaja Nair Foundation (ICE) has awarded Bankss magazine with
Certificate of Merit at ICE In-house Communication Excellence Awards
2013 held on 27th June, 2013.
Launch of Corporate Knowledge Magazine BOI Guiding Star
Having Strong Internal communication in place is essential. A need was
felt that external communication must be in place to share and hear
views of other corporate leaders.
Keeping this in view, a New Corporate Knowledge Magazine BOI
GUIDING STAR was launched in Nov, 2013 during BANCON 2013
exclusively as corporate communication vehicle of the bank with a highprofile reach which shall include Indias prominent vision leaders, senior
officials in the Union Government and RBI, Frontline CEOs of Corporate
companies, CMDs, EDs and Experts in the Financial sector, Technology
leaders, Management Gurus, Academicians, prestigious libraries of
IIMs, IITs & reputed Universities, Economic journalists and media
personalities, advertising & Marketing experts and Arts Personalities.
The two editions have already been published with excellent feedbacks
from industry leaders.
Compliance with Reservation Policy

LEGAL
Legal Department of the Bank acts as facilitator and attends to various
matters of Opinion, Documentation, Litigation etc. emanating from various
functional departments at Head Office, besides attending to referral
matters of various NBGs/Zones, Indian Branches/Foreign Branches and
Banks subsidiaries. It is also catering to the specific need of specialized
Departments like Information Technology / International/Treasury / Card
Products etc. by Drafting / Vetting of documentsof various contracts/
Service Level Agreements (SLAs), (Software/Hardware procurement,
Service Level Agreements, various types of tie-up arrangements /
new products etc.)The Right to Information Act has taken a pivotal role
in the Society and lot many applications are received by the Bank at
various levels. Bank has identified Central Public Information Officer
and Appellate Authority at various Zones / NBGs. The Deputy General
Manager / Asstt. General Manager (Law) of Legal Department is
also designated CPIO of the Bank, and the General Manager, Legal
Department is Appellate Authority which involves collecting the desired
information from various Departments and supplying the same to the
applicant within the fixed time frame of 30 days and alsoto guide the
other Zones / NBG on specific points. With a view to create awareness
among the staff `Legal News Letteris regularly issued and circulated by
the Legal Department, besides, issuing circulars from time to time on
latest legal developments.

Bank is complying fully with the reservation policy of the Government


of India. Special Recruitment and SC/ST Cells at Head Office / Zonal
Offices are functioning to monitor the implementation of the reservation
policy and redressal of grievances relating to SC/ST/OBC Employees.

Approval of Plaints in respect of suits filed by Bank.


Share transmission matters.
Advising on writs, cases, appeals, claims etc. filed against theBank,
vetting of the applications/affidavits etc. wherever required.

Pre-Recruitment Training and Pre-Promotion Training from clerical


cadre to General Banking Officers cadre and within the Officer cadre
from Scale - I to Scale II, Scale II to Scale III are imparted to SC/
ST candidates / staff. Details of such pre-recruitment and pre-promotion
trainings imparted to SC/ST employees during the year, 2013-14 are as
under:
Sr.
No.

Cadre

Pre Recruitment Trainings


No.of Duration SC
progs

ST

Attending to the various queries of Ministry, Reserve Bank ofIndia


and IBA on different matters including new Legislation/amendments
under consideration on various Acts.
Attending to requests from citizens made under the Right to
Information Act. This includes processing the requests, forwarding
the same to the concerned departments, follow up, collecting
the information from concerned Departments and giving timely
replies(within 30 days). In case appeal is made against such
Orders,further processing the Appeals and disposing of the same
in time bound manner. In addition, the Legal Department is guiding
the Zones and Branches for replying to queries under the Right to
Information Act. Wherever required, Legal Department appears
before the CIC for the hearing of the appeals filed by the parties.

Pre Promotion Trainings

TOTAL

No.of Duration
Progs

SC

ST

OBC

P/H

TOTAL

Officer

25

723

293

1016

Clerk

23

698

306

1004

Sub-Staff

Total

12 1421

599

2020

48

Bank has designated officers of the rank of General Managers as Chief


Liaison Officers for OBCs and SCs/STs respectively at the Head Office.
Officers belonging to SC/ST/OBC categories are designated as Liaison
Officers / Cell Officers at Zonal Offices. In terms of the Government
guidelines, Post-based Reservation Rosters maintained at Head Office/
Zonal Offices are inspected annually. SC/ST Cells established at the

Total
8,719
20.21

COMPLIANCE
Compliance in a regulatory context is of prime importance because of
an ever-increasing number of regulations and a fairly widespread lack of
understanding about what is required for an organisation to be compliant.
Compliance has, thus, increasingly become a concern of corporate
governance.

48

/ BANK OF INDIA

/ Annual Report 2013-14

A Compliance Function Policy for the Bank was adopted by the Board
as per Reserve Bank of India guidelines. An independent Compliance
department, headed by a Chief Compliance Officer of the rank of
General Manager, is functioning at Head office. Compliance of statutory,
regulatory and internal guidelines of the Bank is the scope of operation of
the compliance function of the Bank.
Bank has prepared Compliance Rules in the following areas of branch
banking:
Return
Know Your Customer/Anti-Money
Laundering/Combating of Financing of
Terrorism

Frequency No. of Rules


51
Monthly

Deposits & Services

Quarterly

59

Advances
FEMA

Quarterly
Quarterly

59
119

Bank is also vested with the responsibility of implementation/ monitoring


Know Your Customer (KYC)/Anti Money Laundering (AML) Measures/
CFT Guidelines in the Bank. The department has taken up earnestly the
task of ensuring compliance with KYC norms in all the existing accounts,
as directed by RBI. A separate mandatory field is provided in the Finacle
system to facilitate noting of KYC status in each account. Branches are
in the process of identifying KYC non-compliant accounts, obtaining KYC
documents and suitably updating the Finacle system.
As per the provisions of Prevention of Money Laundering Act, 2002 (PML
Act) and the Rules made there under as well as the guidelines issued
by the Reserve Bank of India (RBI) on KYC, branches are properly
identifying every customer by obtaining recent photograph, proof of
identity and proof of current address for KYC compliance. Opening of
accounts of persons of low income group with simplified KYC norms
have been introduced. All the customers have been classified into High,
Medium or Low Risk category based on the Risk perception. As per
extant RBI guidelines, the review of the Risk categorisation is to be done
once every six months. The review of the Risk categorisation of accounts
has been centralised at Head Office w.e.f. the half year ended 30.9.2012.
Bank has implemented the provisions of the Prevention of Money
Laundering Act, 2002 and Amendments thereto, as under:
The Principal Officer has been appointed (Chief Compliance Officer)
as the Money Laundering Reporting Officer [MLRO]);
Bank is submitting monthly Cash Transaction Reports (CTRs) in
respect of transactions over ` 10 lakhs to the Financial Intelligence
Unit-India (FIU-IND), New Delhi;
Bank is submitting monthly Non-Profit Organisation Transaction
Report (NPOTR) in respect of credits above ` 10 lakhs or its
equivalent in foreign currency in the accounts of NPOs;
Bank is also submitting Suspicious Transactions Reports (STRs)
and Counterfeit Currency Reports (CCRs) to the FIU-IND, as and
when the same are identified;

daily (after implementation of the IBA alert scenarios). These alerts


are scrutinised by the department. Follow-up is made with the zones/
branches wherever necessary and in case the bank is not satisfied with
the zone/branch clarification, a Suspicious Transaction Report (STR) is
filed with the FIU-IND.
VIGILANCE
Vigilance machinery of the Bank is headed by the Chief Vigilance Officer
(CVO) of the rank of General Manager appointed with concurrence of
the Ministry of Finance and the Central Vigilance Commission. The
CVO is assisted by committed officers having knowledge / background
of investigation and disciplinary action matters as well as banking, for
tendering advice to Disciplinary Authorities / Controlling Authorities in
all vigilance cases. Vigilance Department also focuses on initiation and
dissemination of preventive vigilance measures. In this regard, Bank has
five separate Vigilance Units to deal with vigilance matters.
INSPECTION & AUDIT
During the year 2013-14, the Department carried out Risk Based Internal
Audit, Information System Audit & Revenue Audit at domestic as well
as all foreign branches. Currency Chests, Depository Participant Office
Audits as well as Risk Based Management Audit at HO Departments,
Zonal Offices, Zonal Audit Offices, Staff Training Centres, MDI, LDM
Offices and RRBs were carried out. Concurrent Audit was being carried
out at 723 domestic branches (including Treasury Branch) & Estate
Department, H.O. (for Centralized Payments) by FCAs and at 24 Foreign
Branches, Card Products Department, Comptrollers Department, Data
Centre and Estate Department, H.O. (for Other Matters) by in-house
officers. The total coverage of concurrent audit was 84.47 % of total
global advances and 69.69 % of total global deposits of the Bank against
the stipulated level of 70% each. During conduct of various audits at
branches, the department detected revenue leakage to the extent of
` 74.22 crores of which ` 71.12 crores has already been recovered.
Under project STARBOOST, Audit Exception Reports (AERs) of 3187
branches were generated and sent to the branches that are subject to
RBIA. These reports are sent to the concerned branches 2 months in
advance so as to enable the branches to initiate necessary corrective
measures before commencement of audit which would facilitate for a
good audit rating.
Policy of Risk Based Internal Audit, and Information System Audit,
were reviewed/revised suitably as per Draft Guidelines issued by the
Department of Financial Services, MOF, GOI and covers/elaborates
the areas that were pointed out in the previous AFI by RBI. Long Form
Audit Report of the Bank for the year 2012-13 was attended in time and
compliance was reported to ACB & Board. Compliance of Action Points
emanated at the meetings of ACB/Board was submitted to ACB/Board
in time.
Apart from the routine audit exercise conducted the following special
assignments were undertaken to meet the special requirements of the
Bank under the instructions/guidance of the Top Management :

Maintaining and preserving the records as per the provisions of the


PML Act;

Discretionary Audit was conducted at branches that were rated


under High Risk and above to ensure conclusive compliance of
observations/ exceptions.

FIU-IND has introduced a new report on Cross Border Wire


Transfers i.e. a monthly report on Cross Border Wire Transfers
above ` 5 lakhs or its equivalent in foreign currency; the bank is in
the process of sending the same;

Revenue Audit of non-concurrent audit branches was conducted


(yearly in case of small/medium branches and half-yearly in case of
large and above branches) and a revenue leakage of ` 6.53 crores
was detected.

Bank has procured Anti Money Laundering Software (AMLOCK) for


identifying suspicious transactions under the Prevention of Money
Laundering Act. Bank has also implemented a majority of the IBA alert
scenarios. The remaining scenarios will be implemented by 30.6.2014.

Assessment of impact of preventive vigilance measures was


undertaken at branches that were audited (this is being carried out
on an ongoing basis).
Credit Audit & Loan Review Mechanism was conducted in 5102
accounts.

On an average, the AML software is generating about 30000 alerts

49

/ BANK OF INDIA
Long Form Audit Report of the Bank for the year 2012-13 was
received on 25.06.2013 and the compliance was submitted to RBI
on 23.08.2013.
The Migration Audit of all Foreign Centres is completed by M/s Ernst
& Young LLP and reports are sent to respective Foreign Centres for
compliance.
For improving the skills of field level auditors, training was organized
in RBIA, Forex Operations & IT related issues.
M/s Paladion Networks Pvt. Ltd., has conducted the Quarterly
Information System (IS) Audit of DC, DR and Treasury for December,
2013 and submitted the report along with the Compliance report of
the previous IS audit. The reports of DC and DR for December 2013
are put up for closure. Treasury report of DC is closed at ACE on
26.03.2014. M/s. Paladion Networks Pvt. Ltd. has initiated the IS
audit of DC, DR and Treasury for the quarter ended March 2014.
Implementation of 81 Offsite Surveillance Reports/alerts as
suggested by Ministry of Finance (MoF) is initiated, covering area of
Credit, Deposit, Forex, IT, Remittances etc. Scripts of 81 reports are
finalized, test run is performed for few branches and the reports are
approved by Committee members. Separate CUSTID is created to
generate the reports smoothly for all branches. Zone-wise Off-site
Surveillance Reports (OSRs) are initiated for generation. Regressive
testing for all branches at one-go will be performed.
Application audit of FINACLE is initiated and the job is assigned
to M/s. Ernst & Young LLP. This is a onetime exercise, and the
contract period is 1 year. M/s. Ernst & Young LLP has submitted the
interim report.
As a proactive measure, at our office after analyzing / doing Trend
Analysis of reasons for Revenue leakages, we are also checking
interest fields to address generic issues.
For better communication, interaction with Concurrent Auditors at
Foreign Centres is done through V/C / tele-conferencing.
The General Manager and Dy. General Manager attended 77 Zonal Audit
Committee meetings and conducted Meetings with Chief Incumbent
of High risk Branches and rendered suitable guidance in the matter of
ensuring timely compliance/closure of audit reports and improving audit
rating.
Meeting of concurrent auditors/internal auditors at various Zones were
conducted wherein GM & DGM emphasized the need for quality and
timely reporting of audit findings and also timely submission of reports.
Full time in-house concurrent auditor was appointed for Data Centre
and is assigned, among other duties, the job of verification of interest
parameters, application of interest process and checking of interest
in sample accounts. The observations of the concurrent auditor are
forwarded to IT Department, for compliance. The compliance received
from them is put up to Audit Committee of Executives for their noting and
further direction, if any.
Official Language
Banks Official Language Department successfully organized a series of
Official Language conferences at Kolkata, Ahmedabad and New Delhi.
Work done by our Bank has been appreciated by Govt. of India, Ministry
of Home, Official Language Department.
Bank was the first to implement Rajbhasha model Rajbhasha Prayog
Aapsi Sanwad Sarthaki Disha designed by Finance Ministry, Financial
Services department, New Delhi by organizing this program at Lucknow
(17.10.2013). A CD about this program was sent to the Head Offices of
Nationalized Banks.
Inspection of our Head Office was carried out by the Joint Director
(Rajbhasha) and Asst. Director (Rajbhasha) of Finance Ministry,

/ Annual Report 2013-14


Financial Services Dept., New Delhi. We have formulated Rajbhasha
Model 2 which has been accepted by Financial Services Department,
New Delhi. Our Bank is the first to take the initiative to send this kind of
Rajbhasha model.
Official Language implementation meetings were conducted at our
London, Paris & Antwerp branches by our Executive Director Mr. B.P.
Sharma during his U.K. visit. Bank has become the first Bank to discuss
Official Language implementation at foreign Branches.
Special Programs like Inter Bank folksong competition, Hindi Kavi
Sammelan, various Hindi competitions were organized for Head Office
Departments during Hindi Month.
Rajbhasha portal introduced in STARDESK giving important information
regarding official language implementation.
Award from Govt. of India, Ministry of Home, O.L. Dept. (for the
2012-13) Nagpur-1 (TOLIC) First Prize; Muzaffarpur Zone 2nd prize,
Amritsar zone 3rd prize, Jamshedpur zone 3rd prize, Goa zone
Third prize.
Town official language implementation Committee Awards
First Prize : Bhopal Zone, Kolhapur Zone, Amritsar Zone, Bokaro Zone,
Jalandhar Branch
Second Prize : Jamshedpur Zone, Patna Zone, Siliguri Zone
Third Prize : Agra Zone, Bhubaneshwar Zone, Gangatok Branch
Consolation Prize : Ahmedabad Zone, Vadodara Zone
Translation : During the year department has completed the Hindi
translation of some important documents like vigilance manual, SMSE
Policy, Security Policy, Banks Annual Report, Banks press release,
stared / unstared parliamentary questions, etc. apart from this department
has translated various posters / pamphlets and other publicity materials.
During the year 167 Hindi workshops were organised in which 3461 staff
members were trained.
Reserve Bank of India Shield for the year 2011-12 for B Region-Bank
of India was awarded 3rd prize.
During the year 167 Hindi workshops were conducted in which a total
number of 3461 staff members were imparted training.

BANKS SUBSIDIARY / ASSOCIATES


Indo Zambia Bank Ltd. (IZB)
IZB is a joint venture of three Indian Banks viz. Bank of India,Bank of
Baroda, Central Bank of India and Government of Zambia. Each of the
Indian Banks holds 20% of the share capital, whereas Government of
Zambia holds 40% of the share capital. Indo-Zambia Bank Ltd. is a
fine example of a successful joint venture. It enjoys the patronage of
two friendly republics, the Government of Republic of Zambia and
Government of India.
PT. Bank of India (Indonesia) Tbk
Bank acquired a stake of 76 % in PT Bank SwadeshiTbk which is now
stands changed to PT. Bank of India (Indonesia) Tbk present investment
is ` 146 crores.
Bank of India (Tanzania) Ltd.
Bank of India (Tanzania) Ltd. is wholly owned subsidiary of the Bank
and commenced operations on 16th June 2008 with first branch at DarEs-Saleam.
Bank of India (New Zealand) Ltd.
Bank of India (New-Zealand) Ltd. is wholly owned subsidiary of the Bank.
It has a Net Worth of ` 261.31 crores as on 31.03.2014. It had a PAT of
` 2.87 crores for the year ended 31.03.2014.
Bank of India (Botswana) Ltd.
During 2013-14, Bank has established a subsidiary in the name of
Bank of India (Botswana) Ltd. which had commenced operations w.e.f.
09.08.2013 with its first branch at Gaborone, Botswana.

50

/ BANK OF INDIA
BOI Shareholding Ltd. (BOISL)
Banks association with the Capital Market spans a period of nine
decades. The clearing and settlement function of Bombay Stock
Exchange (BSE) was being handled by the Bank since 1921. In 1989,
Bank set-up BOI Shareholding Ltd. (BOISL), joint venture with BSE, to
manage the clearing house activities of the Stock Exchange. Bank has
holding of 51 % of its paid up capital of ` 2 crores.
The company has been carrying out the rolling and weekly settlements of
trades executed by member brokers operating on the Exchange, BOISL
is also a Depository Participant (DP) of both the Depositories viz. the
National Securities Depository Ltd. (NSDL) and the Central Depository
Services (India) Ltd. (CDSL) and provides depository services to the
clearing members and investors. BOISL is the first Securities Clearing
House in the country to have been awarded the ISO 9001-2000 ISO
Certification. BOISL earned a net profit of ` 6.89 crores during 2013-14
as against ` 68.02 lakhs earned during 2012-13.
BOI AXA Investment Managers Pvt. Ltd. and BOI AXA Trusteeship
Services Pvt. Ltd.
These Companies are in the Business of Mutual Fund and Portfolio
Management. Bank of India is holding 51% Stake in both the Companies.
STCI Finance Limited.
STCI Ltd. is one of the leading Primary Dealers in the country. It was
established in 1994 with the objectives of widening the gilt and other debt
security market through development of a vibrant secondary market.
Bank of India with 29.96% holding is the single largest stakeholder
in STCI having Paid up Capital of ` 380 crores. The Company is an
associate company of Bank in terms of Accounting Standards 21 (AS21) of the Institute of Chartered Accountants of India. With growing
perception that Primary Dealership by itself is no longer an attractive
business, STCI decided to hive off the Primary Dealership business to
its new subsidiary namely STCI Primary Dealer Ltd. which commenced
its operations from 25th June 2007. The Subsidiary which started on a
cautious note has made steady progress since then. After formation
of subsidiary, STCI took up activities of IPO funding,margin funding,
commodity future trading, Asset Management,investments in short term
corporate loans / CP, equity trading etc. During FY 2013-14, PAT was at
` 91.44 crores as compared to ` 78.81 crores during FY 2012-13.
Star Union Dai-ichi Life Insurance Company Ltd. (SUDLife)
Bank of India, Union Bank of India and Dai-ichi Mutual Life Insurance
Company, Japan have formed Star Union Dai-ichi Life Insurance
Company to take advantage of the growing insurance market and to
provide quality assured insurance to its clients spread across the length
and breadth of the country. The company has commenced insurance
business since February 2009. BOI holds 48 % in the Companys paid
up Capital of ` 250 crores. Union Bank holds 26% stake and Dai-ichi
Mutual Life Insurance Company, Japan holds 26% in addition to the
Banks stake.

STRATEGIC INVESTMENT / ALLIANCES


Central Depository Services (India) Ltd. (CDSL)
The Company was promoted in 1997 by the Bombay Stock Exchange
and Bank of India along with other Banks. The main objective of
promoting CDSL, was to accelerate the pace of dematerialization of
scrips, bring wide participation of investors in the capital market and to
create a competitive environment as countrys second depository. Bank
now holds 5.57 % stake in the paid up capital of ` 104.58 crores of CDSL.
CDSL has paid 10% dividend in FY 2007-08, 2008-09 and 2011-12; 15%
dividend for 2012-13 and 20% in 2013-14.
ASREC (India) Ltd.
The Company was floated by the Specified Undertaking of the Unit Trust

/ Annual Report 2013-14


of India to undertake securitization and asset reconstruction activities.
The company was granted Certificate of Registration by RBI under the
SARFAESI Act, 2002 in the second half of FY 2004-05 and has since
commenced full-fledged operation. Currently the Bank holds 26.02%
stake, in the equity capital of the company which is ` 98 crores.
Credit Information Bureau (India) Ltd. (CIBIL)
CIBIL is the first credit information bureau in the country,incorporated in
August, 2000 for providing credit information and risk analysis services
to the Banking and Financial services sectors. The company launched
its consumer bureau operations in FY 2004-05 and commercial bureau
operations during 2006-07. Bank holds a stake of 5% in the equity share
capital of the company.
National Collateral Management Services Ltd. (NCMSL)
National Collateral Managements Services Ltd. is promoted by
the National Commodity and Derivates Exchange Ltd. (NCDEX). It
was incorporated on 28.09.2004 to promote and provide collateral
management services for securing, managing and controlling securities
and commodities. It offers various services for the development of
trades on commodity exchange such as valuation,grading, insuring,
securing, storing, distributing, clearing and forwarding of securities
and commodities etc. Bank holds a stake of 10.17% (` 3 crores) in the
equity capital of the company, thus providing opportunities to the bank to
harness its association with NCMSL for credit lines to its members and
clients.
SWIFT India Domestic Service Pvt. Ltd.
The new joint venture company is promoted by SWIFT and 8 major Banks
including Bank of India. SWIFT is holding 55 % equity and remaining
45% is hold by 8 major Banks. Bank of India has an equity stake of 5.63%
in the company. The company is yet to start its operations.
SME Rating Agency of India Ltd. (SMERA)
SMERA was set up during FY 2005-06 by SIDBI in association with Dun &
Brad street, one of the leading credit rating agencies. SMERA s primary
objective is to provide comprehensive, transparent and reliable ratings
which would facilitate greater and easier flow of credit to SME sector.
Bank has a nominal stake of 4% in the equity capital of the company.
Other Strategic Investments
Apart from the above listed major Strategic Investments Bank also has
strategic investments in MCX Stock Exchange Ltd. (` 25 crores),United
Stock Exchange Ltd. (` 7.50 crores), Equifax Credit Information Services
Ltd. (` 4.73 crores), U.V. Asset Reconstruction co. Ltd. (` 15 lakhs)
Clearing Corporation of India (` 0.50 crores),Agricultural Finance
Corporation Ltd. (` 1.26 crores), SIDBI (` 45.30 crores), Tourism Finance
Corporation Limited (` 8.59 crores), Central Ware Housing Corporation
Ltd. (` 1.11 crores)., Loss Data Consortium CORDEX (` 1 crores), SBI
DFHI (` 6.34 crores.).
Banks Depository Services
Bank has been offering Depository Services to its customers from all
the Branches by leveraging Core Banking Solutions. With a view to
adding value to the banking services and making available the numerous
benefits of depository services, the Bank is offering the services of both
the depositories i.e. NSDL and CDSL. In order to offer better services
the DP operations are centralised at Mumbai. To achieve synergies
and better utilization of Human resources, Banks CDSL DPO which
was earlier situated at Andheri (West) has been shifted to a spacious
premises at Mumbai (Main) Branch.
The number of active Demat Accounts with the DPOs was 91523 as on
31.03.2014. During the year 2013-14 the Bank earned a gross Income
of Rs 45 lakhs as against ` 39 lakhs earned during 2012-13. Total 3,016
new Accounts were opened in 2013-14

51

/ BANK OF INDIA

/ Annual Report 2013-14


Are holding shares in Demat form and have applied for


entitlements and/or additional shares in the Issue in Demat
form.
Have not renounced entitlements in full or in part.

(d) Annual accounts have been prepared on a going concern basis;


(e) Internal financial controls system to be followed by the Bank were
laid down and that such internal financial controls are adequate and
were operating effectively;
Proper systems have been devised to ensure compliance with
the provisions of all applicable laws and that such systems were
adequate and operating effectively.

NT

W EDGE E
L

(f)

The Board expresses its gratitude to the Government of India, Reserve


Bank of India and Securities and Exchanges Board of India for the
valuable guidance and support received from them. The Board also thanks
financial Institutions and correspondent banks for their co-operation and
support. The Board acknowledges the unstinted support of its customers
and shareholders and also wishes to place on record its appreciation of
staff members for their dedicated services and contribution for the overall
performance of the Bank.
For and on behalf of the Board of Directors

(Mrs. V R Iyer)
Chairperson & Managing Director

NT

(c) 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;

E E
M

YS

TAT

IBILIT

CTOR

S ES

PON

Are not a renounce to the Issue

c)

b)
D E
IR

a)

n ights ssues: All shareholders of the Issuer company who,as


on date :

ii)

n ublic ssues: All Investors except Qualified Institutional Buyers


(QIBs) are eligible to apply through ASBA in Public Issues

Reasonable and prudent judgments and estimates were made 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 and loss of the Bank for the
year ended March 31, 2014;

Bank has been registered with SEBI as a Self-Certified Syndicate


Bank (SCSB) and IPO applications received under ASBA(physical
application) are processed through these designated Branches. As per
SEBI guidelines, all our Branches are authorized Branches to accept
the applications under ASBA. Banks Stock Exchange Branch is the
nodal Branch for ASBA. In addition to the above designated Branches.
Customers of all other branches who have availed Internet Banking
facility can enjoy the facility of Online Bid cum Application for ASBA
IPO through Star connect Retail Internet Banking facility. The following
Investors are eligible to apply for IPOs through ASBA:
i)

(b) The accounting policies framed in accordance with the guidelines of


the Reserve Bank of India were consistently applied.

BA

mount ( S
A

pplication supported by locked


B

During the recent years Online Share Trading (OLST) has been gaining
popularity among Investors in the Stock Markets and the volumes traded
has been on an increase. With a view to meet the growing needs of
Banks customers and in order to provide them the comfort of trading in
securities on a mouse click, the Bank had launched Star Share Trade
(Online Share Trading) over phone facility by integrating Bank Account,
Demat Account and Trading Account of the customers under Tie up
arrangement with leading Stock Brokers M/s. Asit C Mehta Investment
Intermediates Limited (ACMIIL), the OLST facility is being offered since
2005. The facility has also been made available to the NRI clients for
filling of IPOs.

ACKNO

Star Share rade ( nline Share rading)

The Directors confirm that in the preparation of the annual accounts for
the year ended March 31, 2014,

Date : 15th May, 2014

(a) The applicable accounting standards had been followed along with
proper explanation relating to material departures, if any;

Place : Mumbai

52

/ BANK OF INDIA

/ Annual Report 2013-14

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g{dVaU, {ejm, dm` gw{dYm XmZ H$aZm {Og| Aj` COm, Ob gajU Am{X
ghm`H$ h& n[adoe VWm gmO go Omo Hw$N> ^r {bm h Cgo ~H$ Am$ B{S>`m bmQ>mZo
hoVw {H$`m~ h& {Z{Y Ed gh`moJ mam hmao AmM{bH$ H$m`mb`m| Ho$ ZoQ>dH$ mam
nyd drH$V/nyU/AeH$m{bH$ Hw$N> H$mnm}aoQ> gmm{OH$ Xm{`d nhbo hr Ama^ {H$`m
J`m h
dH$pnH$/Aj` COm H$m Cn`moJ VWm WmZr` Vma na dH$pnH$ Ob
H$s CnbYVm ^maV Ho$ JmrU VWm OZOmVr` bmoJm| Ho$ OrdZ H$mo gwI` ~ZmZo Ho$ {bE hmao
~H$ Zo {ZZ{bpIV Xm| H$mo drH$V/{Z{Y~ {H$`m h
1) gS>H$ gma COm H$me H$m`H$ VWm hS> nn Ho$ ZoQ>dH$ H$s WmnZm {OgH$m
Xm{`d EH$ EZOrAmo H$mo {X`m J`m h {Ogo Bg H$ma H$s J{V{d{Y`m| H$m

AZw^d h& bIZD$ AmM{bH$ H$m`mb` S>mQ>m A{Ygy{MV {nN>S>o jom| | M`{ZV
WmZm| na 60 gS>H$ gma COm bn VWm 53 hS> nn Wm{nV {H$`m J`m h
{Og| ~H$ H$m EH$ ~mam~H$s {Obm h {OgH$s bmJV `33 bmI h&
2) {d`mV gmm{OH$ H$m`H$Vm VWm Hw$>amoJ CybH$ VWm aZ oJmgo nwaH$ma
{dOoVm lr ~m~m AmQ>o mam gMm{bV bm^-{Zanoj gWm hmamoJr godm g{{V
H$m bmoH$ ^maVr H$n-n[a`moOZm Ho$ AVJV 2 Ho$dr H$m gma COm bmQ>
Wm{nV {H$`m J`m h {Oggo hmam> Ho$ JS>{Mambr {Obo VWm Amg-nmg Ho$
Zgb ^m{dV OZOmVr` jom| VWm 5000 Jmdm| Ho$ dm` Amd`H$VmAm|
H$s ny{V H$s Om gH$Vr h&
3) ogg AmZX QQ> mam d[a> ZmJ[aH$m| Ho$ {bE gMm{bV nwZdmg Ho$ | 2
Ho$dr H$m gm` COm bmQ> bJm`m J`m {OgH$s bmJV `2.40 bmI h& hmao Mo
AmM{bH$ H$m`mb` mam `h H$m`mpdV {H$`m J`m VWm H$m`mb` mam BgH$s
J{V{d{Y`m| na {ZJamZr aIr OmVr h&
gyImJV jom| Ho$ Ob dhZ CnbYVm | d{ VWm Bg H$ma Ho$ Jmdm|
H$s nad[ae d` ghm`Vm gyh AWdm H$b{O`g mam {edJJm {Obo Ho$ gyImJV jo
Ho$ {dH$mg/no` Ob H$m ~ohVa mdYmZ/H${f hoVw CnH$aU/dfmOb IoVr H$s
WmnZm H$s JB& hmao H$mo`~mya AmM{bH$ H$m`mb` Ho$ A{YH$mar n[a`moOZm
H$m`md`Z H$a aho h VWm ogg YZ $mCSo>eZ Ho$ mam `52.25 bmI Ho$
n[a`moOZm {Z{Y Ho$ Cn`mo{JVm H$s {ZJamZr H$a aho h&
OZOmVr`, $Wb VWm XyaW JmrU Jar~, gdhmam Ho$ {bE dm`
ghm`Vm OZOmVr` VWm A`, JmrU/Wb jom| Ho$ Jar~ dJ H$s godm H$aZodmbo
AnVmb/emoY gWmZm| H$mo ~H$ mam E~wbog {X`m OmZm& ~H$ Ho$ 1) aZm{Jar AMb Zo ogg gWm lrXod, JUn{Vnwio H$mo, Amg-nmg Ho$ Eogo Jmdm|
H$s VH$mmb {M{H$gm Amd`H$VmAm| Ho$ {bE EH$ E~wbog H$s IarX hoVw
`8.56 bmI H$m XmZ {H$`m, Ohm {ZH$Q>V {M{H$gm gw{dYmE H$B {H$.r. Xyar
na h&
2) H$ZmQ>H$ AMb Zo ogg {H$Q>m godH$s Aml H$mo E~wbog H$s IarX hoVw
`3.30 bmI H$m XmZ {H$`m {OgH$m `moJ ~yT>o Ama ~rma Amldm{g`m| H$mo
{ZH$Q>V AnVmbm| | bo OmZo Ho$ {bE {H$`m OmEJm Omo H$B {H$.r. Xya pWV
h&
3) AmJam AMb Zo C{MV {$qQ>g g{hV ogg `y.nr. $ab BpQ>Q>yQ> Am$
o{S>H$b gmBg ES>Z [agM H$mo E~wbog H$s IarX hoVw `8.40 bmI H$m XmZ
{H$`m&
dm na gmwXm{`H$ H$m`H$ H$mo ~T>mdm XoZm Ama Jar~ Ed
Anm{YH$ma m bmoJm| H$mo AN> {M{H$gm gw{dYmE CnbY H$amZm
~H$ Zo n[adma {Z`moOZ Ho$m| Ama A` JmrU/ehar AnVmbm|/{M{H$gm
gw{dYmE XmZ H$aZo dmbr gWmAmo H$mo A`mYw{ZH$ {M{H$gm/ CnH$aU
CnbY H$am`m h&
1) Jar~/Anmm{YH$ma mn `{$`m| Ed A` H$s godm H$aZo hoVw JmYrZJa AMb
Zo ogg EM.Ho$.nQ>ob AnmVmb QQ H$mo gmoZmoJm$s Ed bS> H$mCQ> erZ H$s
IarX Ho$ {bE `9 bmI H$m XmZ {X`m&
53

/ BANK OF INDIA

2) ZB {Xr AMb Zo {S>{OQ>b Eg>ao erZ H$s IarX Ho$ {bE ogg amOYmZr
M[aQ>o~b AmB ES> o{S>H$b goQ>a `10 bmI H$m XmZ {H$`m&
3) amOWm>Z AmM{bH$ H$m`mb` Zo AYmnZ {Z`U hoVw am>r` H$m`H$ ^maV
gaH$ma gmm{OH$ AgmZVm na `m>Z {XE {~Zm - OmoYnwa go g~ ogg
Vmam~mB AmB hmpnQ>b ES> [agM goQ>a | AmnaoeZ {WEQ>a H$s WmnZm hoVw
`25 bmI H$m XmZ {X`m Omo Wma $Wg | XyaXamO Ho$ Wbm| na ahZo dmbo
bmoJm| H$s ghm`Vm Ho$ {bE h& Bg H$ma gmO Ho$ Jar~ dJ Ho$ bmoJm| H$mo
{Z`{V Xam| H$s VwbZm | H$ Xam| na {M{H$gm gw{dYmE Xr Om ahr h&
4) JT>{Mamobr | hmamamoJr godm g{{V Ho$ bmoH$ {~amXar H$n mam {Z{V ZE
AnmVmb | C{MV gw{dYmAm| g{hV AmCQ> noeoQ> {S>nmQ>|Q> (AmonrS>r) H$s
WmnZm Ho$ {bE ZmJnwa-I AMb Zo `31 bmI H$m XmZ {X`m&
5) h{>`m| H$s JwUdmm H$s OmM hoVw no[a$ab $mQpQ>Q>o{Q>d H$`y{Q>S> Q>momoJm$s
erZ H$s IarX hoVw nwUo AmM{bH$ H$m`mb` Zo ogg hram~mB H$mdmOr
OhmJra o{S>H$b [agM BpQ>Q>yQ> H$mo `1 bmI H$m XmZ {X`m h&
6) am`nwa AmM{bH$ H$m`mb` Zo H$ebog mQ> dmBn H$mS> gw{dYm Wm{nV H$aZo
hoVw EAmBEEEg-am`nwa AnVmb H$mo `7.95 bmI H$m XmZ {X`m&
7) w~B X{jU AMb Zo Jar~ Ed O$aVX bmoJm| H$mo {Z:ewH$ {M{H$gm gw{dYm
XmZ H$aZo hoVw ~m~o o{S>H$b $mCSo>eZ H$mo `1 bmI H$m XmZ {X`m&
8) w~B X{jU AMb Zo fwImZX $mBZ AmQ>g ES> gJrV g^m H$mo O$aVX
bmoJm| H$s ghm`Vm H$aZo hoVw S>`m{b{gg g~Yr CnH$aUm| H$s IarX hoVw `3 bmI
H$m XmZ {H$`m&
9) ZmJnwa-I AMb Zo gmO Ho$ H$Omoa dJ H$s ghm`Vm hoVw ZB Q>{Z{Q> ES>
OZab hmpnQ>b Ho$ {bE ogg mV godm gK, hb H$mo `10 bmI H$m XmZ
{X`m&
10) H$mo`~mya AMb Zo Jar~ Ed O$aVX bmoJm| H$s godm H$aZo hoVw ogg eH$a
AmB Ho$`a BpQ>Q>yQ> H$mo `15 bmI H$m XmZ {X`m&
11) H$mohmnwa AmM{bH$ H$m`mb` Zo CnH$aU H$s IarX/ZE AmnaoeZ [WEQ>>a
(AmoQ>r) Ho$ {ZmU hoVw lr {g{ {dZm`H$ JUn{V H$ga hmpnQ>b H$mo `5 bmI
H$m XmZ {H$`m h&
12) Mo AMb Zo ogg ${{b bmqZJ Egmo{gEeZ Am$ B{S>`m H$mo A`mYw{ZH$
H$Z CnH$aUm| H$s IarX hoVw `3 bmI H$m XmZ {H$`m h&
arOm| H$s XoI^mb hoVw OoZgoQ> Ogo A` ghm`H$ CnH$aU 1) hmao Mo AMb Zo H|$ga go nr{S>V arOm| H$s XoI^mb n{bE{Q>d Ho$`a hoVw
CnH$aUm| H$mo MbmZo hoVw OoZgoQ> H$s IarX Ho$ {bE ogg lrmVm QQ> H$mo `4.22
bmI H$m XmZ {H$`m&
2) ZmJnwa-II AmM{bH$ H$m`mb` Zo Jar~m| Ed O$aVXm| H$mo ~mYma{hV godm
XmZ H$aZo Ho$ {bE AnnVmb Ho$ {bE OZaoQ>a H$s IarX hoVw dmr {ddoH$mZX
o{S>H$b {eZ H$mo `7.32 bmI H$m XmZ {H$`m&
emar[aH$ $n go {dH$bmJ `E{$`m| H$s ghm`Vm hoVw Cnm`
(1) hmao ZoeZb ~qH$J Jyn (X{jU) H$m`mb` Zo ear[aH$ $n go {dH$bmJ
pIbm{S>`m| Ho$ {bE ogg hrbMo`a o$pgJ o$S>aoeZ Am$ B{S>`m Ho$ m`
go 25 hrbMo`a hoVw `1.25 bmI H$m XmZ {H$`m&
hmao w~B X{jU AMb mam ZoeZb Egmo{gEeZ Am$ bmBS>, B{S>`m Ho$
m` go `8.75 bmI H$s bmJV na 25 ~oba CnbY H$am`m&

/ Annual Report 2013-14

d[a>m ZmJ[aH$m|/{ZYZ `{$`m|/AZmW Ed mZ{gH$ $n go {dH$bmJ


`{$`m| H$s XoI^mb hoVw nhb
(1) hmao H$mo`~mya AmM{bH$ H$m`mb` Zo ogg `yZmB{Q>S> Am$ZoO H$mo $ZuMa H$s
IarX hoVw `3 bmI H$m XmZ {X`m Omo ~oKa Ed mZ{gH$ $n go ~rma `{$`m|
Ho$ H$m AmEJm&
(2) hmao Zdr w~B Ed H$ZmQ>H$ AMb Zo ~yT>o Ed {Zghm` `{$`m| H$s XoI^mb
hoVw gr{Z`a {g{Q>Og hmo $mCSo>eZ Zo$b H$mo qlJoar | 5 H$am| Ho$ {ZmU hoVw
`10 bmI H$m XmZ {X`m&
(3) Jmodm AMb Zo d, mZ{gH$ $n go {dH$bmJ Ama {deof O$aV dmbo bmoJm|
Ho$ {bE S>S>rg hmo - Jmodm H$mo `2.80 bmI XmZ {H$`m&
{ejm | H$s JB nhb
gmO Ho$ Am{WH$ Ama gmm{OH$ $n go {nN>S>o N>mm| Ho$ {bE bmmg$
H$m {ZmU&
`6 bmI lr {ddoH$mZX E`wHo$eZ BpQ>Q>y>Q>, ~omar H$mo EH$ bmg$ Ho$ {ZmU
H$s bmJV hoVw {X`m J`m Bg bmg$ H$m Cn`moJ Eggr/EgQ>r/Jar~ N>mm| mam
{H$`m OmEJm&
H$ gw{dYm m/AZmW/{>hrZ N>mm| H$s O$aVm| Ho$ {bE ghm`Vm&
(1) w~B Cma AMb Zo 300 {>hrZ N>mm| H$mo R>mog AmYma na Hy$b/H$mboO Ho$
N>mm| Ho$ nmR>H$ H$s O$aVm| Ho$ AZwgma gmJr CnbY H$admZo Ho$ {bE ogg
bmBS> AmJZmOoeZ Am$ B{S>`m H$mo `2.47 bmI {X`m&
(2) Mo AmM{bH$ H$m`mb` Zo AZmW ~m| Ho$ {bE nm{bQ>oH${ZH$ Ho$ 2 {ejH$m| Ho$
dm{fH$ doVZ H$s O$aV H$mo dhZ {H$`m& ogg amH$U {eZ Qy>S>Qg hmom`bmnwa H$mo `4.07 bmI H$s aH$ Xr JB&
N>mm| H$s XoI^mb | H$s JB nhb (bS>{H$`m/Am{Xdmgr/Am{WH$ Ama
gmm{OH$ $n go {nN>S>o)
(1) hmao EZ~rOr-PmaIS> mam `0.55 bmI H$s bmJV go ogg Jmobm ~m{bH$m
{dmb`, Jmobm, PmaIS>b Ho$ Am{WH$ $n go {nN>S>o N>mmAm| H$mo H$~b {X`m
J`m&
(2) ogg E $ma godm, m`bmnwa Ho$ XyaW N>mmb` go Am{Xdmgr VWm Jar~
Hy$b Ama H$mboO OmZodmbo ~m| /N>mm| H$s gnyU XoI^mb Ho$ {bE Mo
AmM{bH$ H$m`mb` Zo `o` d$n `10.50 bmI dhZ {H$`m&
(3) H$mo`~mya Zo {H$Vm~m| Ho$ O[aE dmr {ddoH$mZX H$s {ejmAm| go ~m| Ho$
Am`mpH$ {dH$mg, {Z~Y {V`mo{JVm/A` H$m`H$m| Ho$ {bE ogg amH$U
{eZ {dmb` H$mo `3 bmI {X&
Am{WH$ $n go {nN>S>o N>mm|/A`m| Ho$ {bE mmo{JH$s Ho$ O[aE {ejm
H$s JwUdmm H$mo ~ohVa ~ZmZo H$s nhb
(1) ~ohVa {ejU VH$ZrH$ H$mo Ama^ H$aZo Ho$ {bE mmo{JH$s H$m bm^ CR>m`m
J`m& w~B Cma AmM{bH$ H$m`mb` Ho$ O[aE lr moJmdram `dWmnH$ S>b
H$mo BQ>aopQ>d b{ZJ Edr moOoQ>a, H$sZ, nrgr (`16 bmI | 22 g`H$)
CnbY H$admE JE&
(2) w~B Cma AmM{bH$ H$m`mb` Ho$ O[aE ogg {dm gmaH$ S>b H$mo ImgH$a
Am{WH$ Ama gmm{OH$ $n go {nN>S>o N>mm| H$mo AN>r {ejm XoZo hoVw Hy$b
^dZ Ho$ {bE `5 bmI H$m XmZ {H$`m J`m&

54

/ BANK OF INDIA

(3) {Obm ZJa nm{bH$m Zo `oH$ ~H$ H$mo 3 Hy$b Am~{Q>V {H$E Wo MS>rJT>
AmM{bH$ H$m`mb` Zo B-b{ZJ CnbY H$admZo Ho$ {bE nmZrnV Ho$ 3
`y{Z{gnb/gaH$mar Hy$bm| H$mo `1.38 bmI XmZ {H$`m&
(4) Zdr w~B AmM{bH$ H$m`mb` Zo ogg ZmgH$sWZ O` ^maV Hy$b H$mo 10
H$yQ>a dmbo H$yQ>a b~ H$s WmnZm Ho$ {bE `1.76 bmI H$m XmZ {H$`m
{Oggo `h gw{dYm {ZZ Am` dJ Ho$ n[admam| Ho$ ~m| H$mo {b gHo$&
(5) w~B Cma AmM{bH$ H$m`mb` Ho$ O[aE JoQ>a w~B E`ybHo$eZ gmogm`Q>r
(OrEBEg) Hy$b H$mo ImgH$a gmO Ho$ {ZMbo Va Ho$ N>mm| H$mo ~ohVa {ejm
XoZo Ho$ {bE BQ>aopQ>d Edr CnH$aU H$s IarX hoVw `7.50 bmI {XE JE&
Hy$b OmZo dmbo ~m| Ho$ Im Ama nmofU Ho$ {bE nhb
(1) JmYrZJa AmM{bH$ H$m`mb` Zo hmao grES>r Ho$ O[aE gaH$mar ghm`Vm m&
Hy$mbm| Ho$ Hyy$br ~m| Ho$ ~rM Im {dVaU Ho$ {bE JmS>r IarXZo hoVw ogg
Aj` nm H$mo `9.75 bmI XmZ {XE JE&
(2) w~B X{jU AmM{bH$ H$m`mb` Zo gw{dYm go d{MV gmO Ho$ Hy$br ~m| H$mo
{S>-So> rb XoZo Ho$ {bE ogg BH$mZ y$S> [abr$ $mCSo>eZ, VmS>Xod H$mo `4
bmI XmZ {H$E&
(3) gmO Ho$ gw{dYm go d{MV dJ Ho$ Hy$br ~m| H$mo {S> So> rb XoZo Ho$ {bE
Zdr w~B AMb Zo ogg o godm {hbm S>b (H$`mmoU) H$mo `2.25 bmI
{XE&
{hbm N>mmAm| H$s gwajm Ho$ {bE H$s JB nhb
N>mmAm| Ho$ {bE gw~h VWm Xoa amV H$mo hmoQ>b Ama {dm[dmb` n[aga Ho$
~rM `mVm`mV Ho$ {bE Q>ma ~g IarXZo hoVw H$mobH$mVm AmM{bH$ H$m`mb` Zo
H$`mUr {d {dmb` H$mo `12.50 bmI XmZ {XE&
l ^yVnyd g{ZH$m| Ho$ {dYdmAm| Ama n[admam| H$s XoI^mb/Ama ge ~b
H$m {hgm ~ZZo dmbo Cma-nyd Ho$ {dm{W`m| Ho$ {ejU | {H$E JE
nhb
(1) ^yVnyd g{ZH$m| Ho$ emoH$gV n[admam| Ho$ H$`mU H$s XoI^mb H$aZo dmbo ogg
g{ZH$ ^maVr y{ZQ>r $mCSo>eZ H$mo Zdr w~B AmM{bH$ H$m`mb` Ho$ O[aE
`0.81 bmI XmZ {H$`m J`m&
(2) ogg g{ZH$ Hyo$b, B$mb H$mo Q>rEQ>r 407 Ogo m${V {nH$-An dZ H$s
IarX Ho$ {bE JwdmhmQ>r AmM{bH$ H$m`mb` mam `4 bmI H$m XmZ {H$`m J`m&
n`mdaU H$s XoI^mb hoVw H$s JB nhb
JmrU jom| | `950/- {V Q>mod H$s Xa go 11000 ~m`moJg (YwAm a{hV)
Q>mod H$s IarX Ama {dVaU hoVw Oyar br JB Ama gpgS>r g{OV H$s JB
{OgH$m Hw$b y` `104.50 bmI h&
{ejU VWm H$meb {dH$mg | H$s JB nhb
^wdZoa AmM{bH$ H$m`mb` Ho$ O[aE Jar~r aoIm go ZrMo dmbo Eggr/
EgQ>r Ama N>mm| H$mo H$yQ>a na S>mQ>m EQr AmnaoeZ {gImZo Ho$ {bE ogg
goMw[a`Z `y{Zd{gQ>r Am$ Q>oH$ ZoO|Q> H$mo `10 bmI H$m XmZ {X`m J`m&
l ~ohVa {Z`moOZ Ho$ Adga/dX{Z`moOZ Ho$ {bE H$meb {dH$mg Ho$ O[aE
`wdmAm| Ho$ ge{$H$aU Ho$ {bE H$s JB nhb
(1) ~rAmoAmB Zo Q>ma dJamoOJma {ejU gWmZ (EgEgnrEg) AmagoQ>r JmrU
d-amoOJma {ejU gWmZ Ama^ {H$`m h& JmrU `wdmAm| H$mo {ejU
XoZo Ho$ b` go JmrU {dH$mg mb` (EAmoAmaS>r) mam Omar {Xem{ZX}

/ Annual Report 2013-14

em| Ho$ AZwgma hmao ~H$ mam AmagoQ>r Wm{nV H$s JB h {Oggo H$s do AnZr
`mdgm{`H$ {ejU H$mo g$bVmnydH$ nyam H$aZo Ho$ ~mX AN>o Cr Ho$ $n
| C^ao Ama ~H$ H$s hS>nhmopS>J ghm`Vm Ho$ O[aE Am{WH$ J{V{d{Y`m Ama^
H$a gH|$&
(2) ^maV gaH$ma Ho$ {Xem{ZX}em| Ho$ AZwgma ~rAmoAmB Zo CgHo$ AJUr {Obm| |
43 AmagoQ>r Imobr h& Ama{^H$ AdWmX Ho$ XmamZ hmao AJUr ~H$ {Obm|
| A` ~H$m| Zo gmV OJhm| | AmagoQ>r Imobr Wr& Cgr H$ma hmao ~H$ Zo ^r
43 AmagoQ>r | go EH$ ~mamgmV (n{ ~Jmb) | Imobr Omo hmao AJUr ~H$
{Obo Ho$ ~mha h&
(3) AmagoQ>r`m| Ho$ {Z~mY Ama ^mdembr T>J go H$m` H$aZo | wI ~mYmE {ZZ
H$ma h (H$) am>r` JmrU {dH$mg gWmoZ (EZAmBAmaS>r) H$s eVm] Ho$
AZwgma n`m mZde{$ Ama A` gaMZmH$ T>mMo H$s AZwnbYVm; (I)
n`m gH$m` Ama A` ghm`H$ Q>m$ H$s H$r Ho$ H$maU BZ AmagoQ>r`m| |
n`m g`m o {ejU g Zht Xo nmZm&
(4) Cn`w$ Xm| H$mo gwbPmZo Ho$ {bE ~moS> mam gemo{YV Zr{V {Xem{ZX}em| H$mo
AZwmo{XV {H$`m J`m h& Zr{V | {d{^ nXm| Ho$ {bE gemo{YV nm[al{H$ h
Ama AmagoQ>r gd`H$ H$m Z`m nX ~Zm`m J`m h&
(5) ~H$ Zo ZeZb AH$mXr Am$ AmagoQ>r (EZEAma) ~Jbmoa Ho$ {ZXoem| Ho$
AZwgma AmagoQ>r Ho$ ^mar/{ZXoeH$m| Ho$ {bE hmb hr | 28 $adar Ama 1
mM 2014 H$mo ES>rAmB ~obmnwa | Xmo {Xdgr` H$mbhr d H$m Am`moOZ
{H$`m& BgH$s A`jVm H$m`nmbH$ {ZXoeH$ mam H$s JB Ama JmrU {dH$mg
mb` Ho$ Cn g{Md; w` gd`H$, EZEAma; hm~YH$ ({d.gmdoeZ)
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55

/ BANK OF INDIA

/ Annual Report 2013-14

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56

/ BANK OF INDIA

/ Annual Report 2013-14

Corporate Social Responsibility Report


As organizations grow and prosper, their role toward the society
in which they exist and function enlarges. Organizations are
ethically and morally responsible to give back something to the
society at large and think of their welfare and betterment. In
todays world, corporate that understand this well are rated highly
by the stakeholders and general publics. Even the investors and
the share market recognize the role played by companies in
discharging its Corporate Social Responsibility (CSR) function.

For lighting up the lives of Rural and tribal folks in India, our
Bank has sanctioned / funded Solar street lighting programme and setting up a
network of hand pump sets through an NGO doing
such activities, providing 60 Solar street Lamps and 53
Hand pump sets at select points in the notified backward
area and one of Banks Lead district - Barabanki by our
Lucknow Zonal Office, amount spent Rs. 33 lakhs.

Being a responsible citizen of this country, the Bank is aware of


its CSR. It has been undertaking various activities that has had
economic social and environmental impact, having a positive
bearing on lives of marginalized communities of our great
country. This is the first year of reporting after enunciation our
Business Responsibility policy as per requirements of SEBI. It
is expected that the corporates shall endeavor to percolate the
benefits of development to the last citizen, complimenting and
supplementing the efforts taken and resources deployed by the
Governmental Machinery at Central, State and Local body level.

Bank is in step with the new thought of measuring performance on


the basis of economic impact, social impact, and environmental
impact in its task of inclusive growth. Team Bank of India believes
that it is its foremost duty to contribute towards the lives of
various stakeholders like Customers, employees, shareholders,
communities and environment in a positive manner through all
aspects of its operations, thereby serving the interest of the
society at large.

2KV Solar plant Rehabilitation Centre run by M/s.


Anandam Trust for Senior Citizens at a cost of Rs. 2.40
lakhs. Our Chennai zonal officials have implemented
and monitored the activity.

Team BOI has tried to contribute towards the dream of our


eminent statesmen of Freedom Movement that every Indian
should be free from hunger, malnutrition, and have basic
necessities and is entitled to affordable education, healthcare
facilities, and equal opportunities in an enabling environment.
This should result in reduction of the disparity between the haves
and have-nots in a society trying to overcome the various divides
of caste, creed, religion, region etc. It was the vision of the Father
of the Nation on having self-sufficient villages, emancipating the
poor and downtrodden, reduce the inequities in the society and
make available the best infrastructural facilities to every Indian
for his/her all round development, so that we may succeed as a
Nation. Towards this larger goal, Corporates, as major players in
the economic development, are also required to share thisSocial
Responsibility, and Bank of India rededicates itself to this worthy
cause.

Augmenting potable water availability to drought prone


areas and nurturing such villages through

Establishment of rain water harvesting mechanism /


equipment for agriculture / better provision of drinking water /
development of the drought prone area- of Sivaganga district
through Kalanjiams or Self Help Group. Our Coimbatore
Zonal officials are into project implementation and monitoring
utilization of project fund of ` 52.25 lakhs through M/s. Dhan
Foundation.
Health care for the poor, underprivileged rural people in
tribal, desert and far flung areas

By contributing / participating on a sustainable basis in activities


and projects for facilitating the downtrodden, economically and
socially weaker sections, tribal people, development of rural
infrastructure facilities specially in backward areas, distribution of
food, education, providing healthcare, using renewable energy,
conservation of water etc, Bank of India is giving back a part of
whatever it has received from the environment and society at
large.

Bank has provided for purchase of Ambulances to Hospitals/


Research Institute catering to poor sections of the society
rural / desert areas, tribals and others. Banks

Ratnagiri zonal office provided ` 8.56 lakhs to


M/s Sanstha Sridev Ganpathipule for purchase of
Ambulance for catering to the urgent medical needs
of the surrounding villages,, whose nearest available
medical facility is several kilometres away.

Karnataka Zonal office provided ` 3.30 lakhs to M/s.


Christa Sevakee Ashram at Udupi for purchase of
Ambulance to ferry old and ailing inmates of the Ashram
to the nearest medical hospital several kilometres away.

Agra Zonal office donated ` 8.40 lakhs for purchase


of an Ambulance with appropriate fittings by M/s. U.P.
Rural Institute of Medical Sciences & Research.

Promoting Community programme on Health &


making available upgraded Medical facilities to poor,
underprivileged, deprived.

Some of the CSR initiatives already sanctioned / fully / partially


undertaken by our network of zonal offices by providing funds
and support are
Use of Alternate/Renewable Energy & making available
potable water locally

Establishment of a 2 KV Solar Plant under Lok Birdhari


Prakalp project of The Maharogi Seva Samiti, a nonprofit organization, of the legendary Social Worker
& Crusader for eradication of Leprosy and Ramon
Magsasay Award winner Shri. Baba Amte, for their
family run redeveloped initiative, to take care of
healthcare needs of tribals in Naxal-infested tribal areas
in the jungles and some 5000 villages in and around
Gadchiroli district of Maharashtra, facilitating their
staying with the mainstream India.

57

Bank has provided Ultra-modern medical equipment to


Family Planning Centres and other rural/urban hospitals /

/ BANK OF INDIA

/ Annual Report 2013-14


for the Hospital to provide un-interrupted service to the
poor and needy.

institutions rendering medical facilities.


1. Gandhinagar Zone donated ` 9 lakhs to M/s. H.K. Patel
Hospital Trust for purchase of Sonography and Blood
count machine-to serve poor / under privileged and others.

Initiative for helping the physically handicapped


1. 25 wheel chairs were donated at a cost of ` 1.25 lakhs
through M/s Wheelchair Fencing Federation of India
for physically challenged Sports persons by our National
banking Group (south) office.

2. New Delhi Zonal Office donated ` 10 lakhs to M/s.


Rajdhani Charitable Eye & Medical Centre for purchase
of digital X-ray machine.
3. Rajasthan zonal office donated ` 25 lakhs for
establishment of an Operation Theatre at M/s.Tarabai
Desai Eye Hospital & Research Centre affiliated
to National Programme to Control Blindness-GOIirrespective of social disparities at Jodhpur catering to
the needs of the far flung desert areas of Thar Desert
and also helping others from poor strata of society at
nominal cost besides others at regular rates.

2. 25 Braillers were provided through National Association


of Blind, India at a cost of ` 8.75 lakhs by our Mumbai
South Zone. Chairperson and Managing Director
handed over the cheque to the organization at their
foundation day function.
Initiative of caring for Senior Citizens / Destitute / Orphans and Mentally challenged
1. Our Coimbatore Zonal office donated ` 3 lakhs to M/s
United Orphanage for disabled for purchase of furniture
useful to the homeless and mentally ill.

4. Nagpur I Zone participated with ` 31 lakhs for


establishment of Out Patients Department (OPD)
with appropriate facilities at New Hospital Constructed
by Lok Biradari Prakalp - of Mhararogi Seva Samiti in
Gadchiroli.

2. Navi Mumabi Zone & Karnataka zone participated in


providing funds of ` 10 Lakhs for construction of 5 rooms
at Sringeri to the Senior Citizens Home FoundationNerul taking care of old and helpless.

5. Pune Zonal office donated ` 1 lakh to M/s. Hirabai Cowasji Jehangir Medical Research Institute, for purchase of
Peripheral quantitative computed tomography machine
for checking quality of bones.
6. Raipur Zonal office provided funds to AIIMS-Raipurto the extent of ` 7.95 lakhs for establishing Cashless
smart swipe card facility at the Hospital.
7. Mumbai South Zone donated ` 1 lakh to Bombay Medical Foundation for providing free medical facility to poor
and needy;

3. GOA zone donated ` 2.80 lakhs to Daddys Home


GOA for providing home to old, mentally challenged
and people with special needs.
Initiative in Education

Construction of classrooms for the economically and


socially challenged students of the society.

` 6 lakhs as Cost of construction of a classroom was provided

to Shri Vivekananda Education Institute, Bellary-for class


room will cater to SC/ST /poor students.

8. Mumbai South Zone also donated ` 3 lakhs to Shanmukhananda Fine Arts and Sangeetha Sabha for purchase of Dialysis related equipments for providing affordable medical assistance to the needy.

Support to less privileged/orphaned / Blind students


requirements.
1. Mumbai north Zone provided the cost ` 2.47 lakhs to
M/s. Blind Organisation of India for providing materials
of school/ college students curriculum requirements on
a sustainable basis to 300 Blind students.

9. Nagpur I zonal Office gave to M/s Matru Seva Sangh,


Mahal ` 10 lakhs for the new Maternity & General
Hospital for serving mostly the weaker sections of
society.

2. Chennai Zonal office has borne the annual salary


requirement of 2 faculty of polytechnic for orphaned
children. A sum of ` 4.07 lakhs given to M/s. Ram
Krishna Mission Students Home Mylapore.

10. Coimbatore Zone for serving the poor and needy


donated ` 15 lakhs to M/s. Sankara Eye Care Institute.
11. Kolhapur Zonal Office provided ` 5 lakhs sanctioned to
Shri Siddhi Vinayak Ganapati Cancer Hospital-Mirah,
for equipment / setting up a new Operation Theatre
(OT).

Initiative in the care of Students- (Girls / tribals / economically & socially challenged)
1. Blankets provided to under privileged Girl school
children of M/s. Gola Balika Vidyala Gola, Jharkhand,
a cost of ` 0.55 lakhs by our NBG Jharkhand.

12. Chennai Zonal Office provided ` 3 lakhs for purchase of


ultra- modern scan equipments to M/s. Family Planning
Association of India.

2. Chennai zonal office bore expenses of ` 10.50 lakhs for


overall care of tribal & poor school and college going
children / students from distant boarding at M/s AIM for
Seva, Mylapore.

Other support equipments like GENSET for patients

care
1. Our Chennai zone donated ` 4.22 lakhs sanctioned to
M/s Sri Matha Trust-for purchase of Genset for running
equipments to look after cancer patients palliative care.

3. Coimbatore provided ` 3 lakhs to M/s Ramkrishna


Mission Vidyalaya effected for childrens spiritual
development through books of Swami Vivekanandas
teachings, essay competition / other programmes.

2. Nagpur-II Zonal Office put up ` 7.32 lakhs for Swami


Vivekananda Medical Mission for purchase of Generator

58

/ BANK OF INDIA
Initiative in Improving quality of education through
technology for underprivileged students / others
1. Leveraged technology for introduction of better teaching
techniques Provided Interactive learning AV projector,
screens, PCs (22 no at a ` 16 lakhs to Shri Mogaveera
Vyavasthapak Mandal and effected through Mumbai
North Zonal office,

/ Annual Report 2013-14


Initiative in taking care of ecology

Initiative of Training & Skill development


2. Donation of ` 5 lakhs sanctioned to M/s. Vidya Prasarak


Mandal for school building to cater to quality education
for students especially from economically and socially
challenged effected through Mumbai North Zonal office.

Participation through donation of Rs.10 lakhs made to M/s.


Centurion University of Tech Mgt.- computer for teaching
Data Entry operation to SC/ST and students from BPL
families through Bhubaneshwar Zonal office.
Initiative at empowering youth through skill development
for availing better employment opportunity/ self
employment

3. District Municipal corporation allotted 3 schools each to


banks - ` 1.38 lakhs donated by our Chandigarh Zonal
office to 3 Municipal / Govt. schools in Panipat. For
providing e-learning.

1. BOI has launched Star Swarojgar Prashikshan Sansthan


(SSPS)-RSETI Rural Self Employment Training
Institute. RSETIs have been set up by our Bank in terms
of guidelines issued by Ministry of Rural Development
(MoRD) aimed at imparting training to rural youths,
such that they emerge as a good entrepreneur and
commence economic activities with Banks handholding
support, upon successful completion of the vocational
training.

4. Navi Mumbai Zonal office donated ` 1.76 lakhs to M/s.


Namasankeerthana - Jai Bharat school for establishment
of Computer lab with 10 computer for facilitating children
from low income group families.
5. Greater Mumbai Education Society (GMES) School
provided ` 7.50 lakhs through Mumbai North zonal
Office for purchase of - Interactive AV equipment for
providing quality education to students especially from
the lower strata of society.

2. In terms of GOI guidelines, BOI has opened 43 RSETIs


in its Lead Districts. During initial stage, RSETIs at
seven Locations were opened by other Banks, in our
Lead Bank Districts. Likewise, our Bank also opened
One RSETI out of 43 RSETIs at Barasat (West Bengal),
which is outside our Lead Bank District.

Initiative of Food & Nourishment to School going


children
1. Gandhinagar Zonal office donated ` 9.75 lakhs to
M/s. Akshaya Patra through our CMD towards purchase
price of vehicle for distribution of food to school children
in government aided schools.
2. Mumbai south Zonal office donated Rs.4 lakhs to
M/s. ISKON Food Relief Foundation Tardeo, for
providing Mid-day meal to Under- privileged school
children.

3. The major impediments in smooth and efficient


functioning of the RSETIs have been the (a) unavailability
of adequate manpower and other infrastructure in terms
of National Institute of Rural Development (NIRD)
guidelines; (b) not imparting required number of training
sessions by these RSETIs, for want of adequate faculty
and other support staff at their end.

3. Navi Mumbai Zone provided ` 2.25 lakhs to M/s. Prem


Seva Mahila Mandal (Kalyan) for providing Mid-day meal
to school children from the underprivileged sections of
society.

4. Revised policy guidelines has been approved by the


Board, to address the above issues. Policy has revised
remuneration for various posts and created a new
supervisory post namely RSETI Coordinator.
5. Bank organized two days Conclave for RSETIs In-charge
/ Directors recently on 28th February & 1st March 2014 at
MDI Belapur, in terms of directives of National Academy
of RUDSETI (NAR), Bangalore. It was presided over
by our Executive Director and duly attended by Deputy
Secretary, MoRD; Chief Coordinator, NAR; General
Manager (FI) and other H.O. FI officials. Threadbare
discussions and deliberations resulted in Guidelines
being paving the way for improved functioning of
RSETIs.

Initiative in Women students safety

Sanction and Creation of Subsidy for purchase and


distribution of 11000 Bio-gas (smokeless) stoves in rural
areas @ ` 950/-per stove, totalling ` 104.50 lakhs.

Kolkata Zonal office, donated ` 12.50 lakhs to Kalyani


University, for purchase of a Tata Star bus for transportation
of women students between Hostel and University campus
at early and late hours.
Initiative in taking care of widows and families of exservicemen / and students of North East training to be
part of the Armed forces
1. Donation of ` 0.81 lakhs made to M/s Sainik Bharati
Humanity Foundation- looking after the welfare of the
bereaved families of ex-servicemen through our Navi
Mumbai Zonal office.
2. Donation of ` 4 lakhs made to M/s Sainik School, Imphal,
for purchase of Tat 407 like Maruti pick up van effected
through our Guwahati zonal office.

Initiative to Educate people in managing their Finance


and Credit Counselling:

59

BOI is first among PSBs to introduce a social initiative by


establishing a trust named ABHAY-for offering free credit
counseling services to the underprivileged and illiterate
sections of the society. The first centre under ABHAY was
opened at Mumbai at the hands of Dr Y.V. Reddy, the

/ BANK OF INDIA

/ Annual Report 2013-14

then Governor, RBI on 7th September,2006. BOI now has


5 ABHAY Centers and 54 Financial Literacy Centers (FLC)
discharging its lead bank responsibility. Out of 54 FLCs,
following three FLCs have been opened, outside lead district
in current financial, as per the directives of Lead Bank,
Kerala State:

Kandassankadavu, District Thissur (Kerala Zone )

Parur, District Ernakulum, (Kerala Zone )

e) Limited awareness of existence and activities of the FLC


among the local population.
f) Non availability of literacy materials with pictorials and
eye catching messages at the FLC centers.
g) Mobility restrictions, due to non-availability of vehicle
to visit nearby villages to conduct Financial literacy
seminars.
h) Hesitancy on the part of the individuals as regards the
confidentiality of the disclosures made by them.

Pune , District-Pune, (Pune Zone ).


Bank has been directed by SLBC Karnataka to open an FLC


at Bangalore too under the aegis of ABHAY, which is under
the process. FLCs have been opened with an aim to extend
following functions:

Financial literacy by advising on gaining access to


structured financial system including Banking

Financial counseling i.e Counseling people who are


struggling to meet repayment obligations and helping in
debt resolution.

Helping in rehabilitation of borrowers in distress to


enable them re-establish normal day to day life,

Separate financial literacy amongst farmers and weaker


sections of the society,

Talk on Radio and Television.

Articles on financial literacy in leading newspapers by


the counselors

The Bank also conducts seminars on financial literacy


and education at free of cost to awaken the common
public from becoming a victim to the debt trap.

Measures taken for improved performance

a) Stepping up of monitoring and follow up at Head Office.


b) Obtaining Monthly performance report.
c) Follow up with Zonal Managers to appoint independent
counselors at FLCs where LDM s are holding additional
charge.
d) Instructions to 20 zonal offices for providing basic
infrastructure like furniture, separate telephone and
computer with internet connection. Also laptop projectors
for display of visuals.
e) Instructions to Counselors to invariably conduct atleast
25 outdoor literacy drive per annum.
f) Publicity of FLCs/FLCCs done through local Agrimagazines and Panchang Calendars.
g) Detailed information about our FLCs/FLCCs already
being displayed on Banks website.
h) Literacy materials have been sent in the local language
to all FLCs/FLCCs.

Spread awareness on the dangers of excessive


indebtedness through loans/usage of credit cards etc.
through various NGOs.
Detailed information regarding our existing FLCs as under:
Sl. Description
No
i
Total No. of FLCs
ii
FLCs Headed by Counsellors ( Retired Bank
employees )
iii FLCs where LDM / Any other Officer is holding
additional charge of Counsellor
iv No of persons counselled since 01.04.2013
v No of person counselled since inception
vi Grant received (Stopped by NABARD since
22.11.2012)

Details

54
36
18

Pamphlets distributed at local markets/ Melas /


Gatherings.

j)

A separate desk is being created at FI Dept. HO, headed


by Astt. General Manager to monitor the functioning of
RSETI /FLCC as per Board directive dated 18.02.2014.

Every effort is made to make FLCs / FLCCs / ABHAY centers


fully functional, so as to serve the purpose for which these
FLCs have been established.
Green Initiatives

1,38,419
2,09,541
` 100 Lacs

Constraints faced resulting in under performance

a) Non availability of independent counselors at FLCs/


FLCCs.

i)

Bank is encouraging Green Practices such as: i) Using


CFL Lamps instead of incandescent lamps ii) Rain water
harvesting iii) Use of solar energy iv) Printing on both sides
of paper v) Purchasing composite fax machines which can
perform multiple functions vi) Immediate repair of any water
leakage vii) Use of Master sensors/master switches for
lights, fans etc. wherever possible.
Setting up a Foundation/Trust for carrying out CSR

b) Lack of proper infrastructure and proper space for


counseling.
c) Dependence on walk in clients.
d) Inadequate outdoor activity drives.

60

Financial Year 2014-15 will see the emergence of a


BOI Foundation/Trust for undertaking CSR projects and
activities. BOI will provide funds for the same out of its
Budget. Formalities are being completed for setting up of a
Foundation/Trust of BOI for carrying on the CSR.

/ BANK OF INDIA

H$mamo~ma Cm`aXm{`d [anmoQ> 2013-14

(gyMr~ H$ama H$m bmO 55)


~H$ Am$ B{S>m (~rAmoAmB) ^maV | gmdO{ZH$ jo Ho$ ~H$m| | VwV ~H$ h Omo
w ~qH$J AmdH$VmAm| H$mo nyam H$aVm h VWm gmO Ho$ {d{^ loUr - EH$b
[aQ>ob JmhH$ H$mnm}aoQ>, H${f VWm godm jo Ama Am{WH$ $n go {nN>S>o / gw{dYmhrZ
bo{H$Z gmm{OH$ $n go w JmhH$m| H$mo godm XoVo h& ~H$ H$m {dJV XeH$m| | d{,
bm^XVm Ama Am {dVaU dm {ZaVa Q>H$ [aH$mS> h, ~H$ H$s H$moa ~qH$J VWm
g~ godmE 4646$emImAm|, 5 hm{nm| | $bo 56 {dXoer Ho$m| Ama nyao Xoe Ho$
4375 EQ>rEm| O[aE Xr Om ahr h&
~H$ H$s AVam>r CnpW{V ~hV O~yV h Ama g^r wI {dmr Ho$m| Ogo bXZ,
ymH$, no[ag, Q>moH$mo, qgJmnwa Ama hmJH$mJ | godmE Xo ahm h Wm 31 mM 2014
H$mo ~H$ Ho$ 5 {V{Z{Y H$mmbm|, 5 AZwf{Jm|, 1 gwV C g{hV 56 {dXoer
Ho$m| H$m ZoQ>dH$ h& ~H$ JmrU jo | AnZo H$V Ho$ {V gMoV h Ama Bg
g~Y | 4 (Mma) JmrU jor ~H$mo (AmaAma~r) H$mo mmo{OV H$a ahm h& g^r
AmaAma~r H$m 1524 AmCQ>boQ> H$m emIm ZoQ>dH$ h {OgH$m$ ` 30,891.30 H$amoS>
H$m H$mamo~ma {l h Ama g^r bm^ A{Om H$a aho h&
~H$ w $n go JmhH$m| H$mo ~qH$J Ama {dmr godmE Xo ahm h Ama ~H$ H$s
A{YH$Va CnmX Ama godmE Om, A{J, VVr nj CnmX, $maog Ama H$mofmJma
go g~{YV h& mmo{JH$ H$mo AnZmZm Ama gmmZwgma H$aZm gH$mamH$ X h
{OgZo g^r jo | d{ Ama XjVm H$mo ~T>mm h& ~H$ H$s g^r emImE H$yQ>arH$V
h Ama ~H$ H$m 100% H$mamo~ma H$moa ~qH$J gmoyeZ Ho$ VhV h&
^mJ E : H$nZr Ho$ g~Y | gmm` OmZH$mar
1.
2.
3.

4.
5.
6.
7.

8.

9.

H$nZr H$r H$mnm}aoQ>


AmBSo>pQ>Q>r
H$nZr H$m Zm
nOrH$V nVm
do~gmBQ>
B ob AmBS>r
[anmoQ> H$s JB {dmr` df
H$nZr {OZ jo(m|) |
H$m`aV h
H$nZr mam {Z{V/wh`m
H$admE

Hw$b WmZm| H$s g`m


Ohm H$nZr mam H$mamo~ma
J{V{d{Y H$s OmVr h
i)

AVam>r` WmZm| H$s


g`m

/ Annual Report 2013-14


Business Responsibility Report 2013-14
(Clause 55 of Listing Agreement)
Bank of India (BOI), is one of the premier public sector bank in India,
fulfilling a vital, banking need, catering to various sections of the society
individual retail customers, corporates, agriculture & services sectors,
and the economically backward/under-privileged but socially relevant
customers across the country. The Bank has an uninterrupted track
record of growth, profitability and income distributions spanning over
several decades. The Banks Core Banking and allied services are
provided through a network of 4,646 branches, 56 overseas centres
across five continents and 4375 ATMs across the country.
The Bank has a strong international presence and provides services in
all the major financial centres such as London, New York, Paris, Tokyo,
Singapore and Hong Kong. It has a network of 56 foreign offices which
includes 5 Representative Offices, 5 Subsidiaries 1 Joint Venture as on
March 31, 2014. BOI is fully conscious of its responsibility to the rural
sector and in this regard has sponsored 4 (four) Regional Rural Banks
(RRBs). All RRBs taken together have a branch network of 1,524 outlets,
have garnered a business mix of ` 30,891.30 crores and are profit
making.
The Bank is primarily engaged in providing Banking and Financial
services to its customers and majority of the Banks products and
services fall under Deposits, Advances, Third Party Products, Forex and
Treasury. Technology adoption and spending in a timely manner is one
of the plus points and has enabled growth & efficiency across regions. All
the Banks branches are computerized and 100 per cent of the business
of the Bank is under Core Banking Solution.
Other useful information about the Bank is:
Section A: General Information about the Company

bmJy Zht

1.

~H$ Am$ B{S>`m


Q>ma hmCg, gr-5, Or bmH$, ~mm
Hw$bm H$mbog, ~mm (nyd),
w~B 400 051

2.

www.bankofindia.co.in

4.
5.
6.

3.

Headoffice.god@bankofindia.co.in
:
:

2013-14
~qH$J Ama {dmrm` godmE (H$moS>dma
Ammo{JH$ J{V{d{Y)

7.

8.

~H$ AnZo JmhH$m| H$mo H$B H$ma Ho$ CnmmX


Ama godmE wh`m H$adm ahm h, Bg H$ma
CZH$s {d{^ Amd`H$VmAm| Ama CrXm|
H$mo nyam H$a ahm h& ~H$ mam {XE Om aho
Hw$N> w` CnmX h: Omam{e, A{J,
VVr` nj CnmX, $maog, H$mofmJma

9.

~H$ g^r wI {dmr` Ho$m| Ogo bXZ,


`y`mH$, no[ag, Q>moH$`mo, qgJmnwa VWm
hmJH$mJ | godmE CnbY H$adm ahm h&
`Wm 31.03.2014, 5 hm[nm| Ama 22
Xoem| | AnZr CnpW{V XO H$aVo hE ~H$
H$s 56 {dXoer H$m`mb`m| H$m ZoQ>dH$ h
{Og| 5 {V{Z{Y H$m`mb`, 5 AZwf{J`m
VWm 1 g`w$ C em{b h&

Number (CIN)
of the Company
Name of the
Company
Registered address

Website
E-mail id
Financial Year
reported
Sector(s) that the

List three key


products/services
that : The company
manufactures /
provides (as in
balance sheet)
Total number of
locations where
business activity is
undertaken by the
Company
i. Number of
International
Locations
:
(Provide details of
major 5)

61

Not Applicable
: BANK OF INDIA
: Star House, C-5, G Block, Bandra
Kurla
Complex,
Bandra
East,
Mumbai-400 051
www.bankofindia.co.in
Headoffice.god@bankofindia.co.in
: 2013-14
: Banking
&
Financial
Services
Company is engaged in (industrial
activity code-wise)
: The Bank provides a wide range of
products and services to its customers,
thereby serving various needs and
aspirations. Some of the key products
offered are Deposits, Advances, Third
Party Products, Forex, Treasury.
:

The Bank provides services in all


the major financial centres such as
London, New York, Paris, Tokyo,
Singapore and Hong Kong. With a
presence across 5 continents and 22
countries as on 31.03.2014, Bank has
a network of 56 foreign offices which
includes 5 Representative Offices, 5
Subsidiaries and 1 Joint Venture.

/ BANK OF INDIA
ii)

10.

1.
2.
3.
4.

Xoer` WmZm| H$s


g`m

/ Annual Report 2013-14


ii. Number of National

`Wm 31.03.2014 ^maV | ~H$ H$s 4646


emImE h Ama ^mJmo{bH$ $n go H$m$s
$br hB h& df 2013-14 Ho$ XmamZ ~H$
Zo 358 ZB emImE Imobr {Og| 5 {dVma
nQ>b em{b h {Oh| nyUV: emImAm| |
n[ad{VV {H$`m J`m&
am>r` VWm AVam>r`

H$nZr mam gd {H$E Om :


aho ~mOma
^mJ ~r : H$nZr H$m {dmr` `mam
XV nyOr (^maVr` nE) : ` 643 H$amoS>
Hw$b Q>ZAmoda (^maVr` : ` 42220 H$amoS>
nE)
H$a nmV Hw$b bm^ : ` 2729 H$amoS>
(^maVr` nE)
H$a nmV bm^ Ho$ : Ogo Ogo {H$gr gWm H$s d{ Ama C{V
{VeV (%) Ho$ n | hmoVr h dh {Og gmO | H$m`aV h CgHo$
H$mnm}aoQ>
gmm{OH$ {V ^y{H$m ~T>Vr OmVr h& gWmAmo H$m
{OoXmar (grEgAma) na Z{VH$ Xm{`d h {H$ do gmO H$mo ~ohVa ~ZmZo
Ama CgHo$ H$`mU Ho$ {bE Hw$N> H$ao& AmO
Hw$b ``
H$s Xw{Z`m | Omo H$mnm}aoQ> Bgo AN>r Vah go
gPVo h Ch| eo`aYmaH$ Ama Am OZVm
mam C loUr H$m mZm OmVm h& `hm VH$ H$s
{ZdoeH$ Ama eo`a mH}$Q> ^r H$nZr mam {H$E
Om aho H$mnm}aoQ> gm{OH$ Xm{`d (grEgAma)
Ho$ H$m`m] H$mo m`Vm XoVo h&

10.

The Bank had 4646 branches in


India as on 31.03.2014 and is
geographically well spread. During
the year 2013-14, Bank opened 358
new branches including 5 Extension
Counters converted into full-fledged
branches.
Markets served by the : National and International
Company
Section B: Financial Details of the Company

1.

Paid up Capital (INR)

2.

Total Turnover (INR)

3.

Total profit after taxes : `


(INR)
Total Spending on : As organizations grow and prosper,
Corporate
Social
their role toward the society in which
they exist and function enlarges.
Responsibility (CSR)
Organizations are ethically and
as percentage (%
morally responsible to give back
of Net Profit) of
something to the society at large and
profit after tax (%)
think of their welfare and betterment.
In todays world, corporates that
understand this well are rated highly
by the stakeholders and general
publics. Even the investors and the
share market recognize the role
played by companies in discharging
its Corporate Social Responsibility
(CSR) function.

4.

Bg Xoe Ho$ {OoXma ZmJ[aH$ hmoZo Ho$ ZmVo ~H$


AnZo grEgAma Ho$ {V OmJ$H$ h& ~H$ Eogr
{d{^ J{V{d{Y`m| | ^mJ bo ahm h {OgH$m
Am{WH$, gmm{OH$ Ama n`mdaU na ^md
nS>Vm h Ama hmao Bg hmZ Xoe Ho$ grmV
gwXm` Ho$ OrdZ na gH$mamH$ ^md S>mb
ahm h& go~r H$s Amd`H$VmAm| Ho$ AZwgma
H$mamo~ma CmaXm{`d Zr{V H$mo {Z${nV H$aZo
Ho$ ~mX `h [anmo{Q>J H$m Xgam df h& `h
Anojm H$s OmVr h {H$ H$mnm}aoQ> {dH$mg Ho$
bm^ H$mo eof ZmJ[aH$ VH$ nhMmZo H$m C
boJm Ama Ho$r`, am` VWm WmZr` Va
Ho$ {ZH$m`m| Ho$ gaH$mar V mam {H$E Om aho
`mg Ama bJmE JE ggmYZm| H$m nyaH$
hmoJm& {dmr` df 14 Ho$ XmamZ grEgAma
J{V{d{Y`m| | ` 7.83 H$amoS> IM {H$E JE&
`h H$a nmV bm^ H$m 0.29% h&

: `
: `

643 Crore
42220 Crore
2729 Crore

Being a responsible citizen of this


country, the Bank is aware of its
CSR. It has been undertaking various
activities that has had economic
social and environmental impact,
having a positive bearing on lives
of marginalized communities of our
great country. This is the second
year of reporting after enunciated
our Business Responsibility policy
as per requirements of SEBI. It is
expected that the corporates shall
endeavor to percolate the benefits
of development to the last citizen,
complimenting and supplementing the
efforts taken and resources deployed
by the Governmental Machinery at
Central, State and Local body level.
During FY14 the total spending on
CSR activities was ` 7.83 Crores. This
constituted 0.29% of Profit After Tax
profit after tax.

{dmr` df 2014-15 | grEgAma


n[a`moOZmAm| Ama J{V{d{Y`m| H$mo nyam H$aZo
Ho$ {bE ~rAmoAmB $mCSo>eZ/QQ> ~Zm`m
OmEJm& ~rAmoAmB AnZr ~OQ> | BgHo$ {bE
{Z{Y CnbY H$admEJm& grEgAma H$m`m] H$mo
H$aZo Ho$ {bE $mCSo>eZ/QQ> H$s WmnZm hoVw
AmnMm[aH$VmE nyar H$s Om ahr h&

Financial Year 2014-15 will see the


emergence of a BOI Foundation/Trust
for undertaking CSR projects and
activities. BOI will provide funds for
the same out of its Budget. Formalities
are being completed for setting up of
a Foundation/Trust of BOI for carrying
on the CSR.

62

/ BANK OF INDIA
5.

E. dH$pnH$/ZdrH$aUr` COm
~r. nrZo `mo` nmZr
gr. dm
S>r. {M{H$gm gw{dYm
B. emar[aH$ $n go Aj H$s ghm`Vm
E$. d[a> ZmJ[aH$m|/A^mdJVm| H$s
ghm`Vm
Or. {ejm
EM. Im VWm nmofU
AmB. {hbmAm| H$s gwajm
Oo. godm{Zdm bmoJm| Ho$ n[adma H$s
ghm`Vm
Ho$. n`mdaU
Eb. {ejU Ama H$meb {dH$mg
E$. h[aV nhb
^mJ gr : A` {ddaU

/ Annual Report 2013-14


5.

Cn`w$ 4 Ho$ J{V{d{Y`m|


H$s gyMr {OZ| `` {H$E
JE

H$.g.
1.
2.
3.
4.
5.

a Alternate/Renewable Energy
b Potable Water
c Healthcare
d Medical Facilities
e Helping Physically Handicapped
f
Helping
Senior
Destitutes

Citizens

g Education
h Food & Nourishment
i Women Safety
j Supporting Families
Servicemen

of

Ex-

k Environment
l Training & Skills Development
m Green Initiatives

1.

`m H$nZr H$m H$moB AZwfJr H$nZr/ H$n{Z`m h?


~H$ H$s H$B AZwf{J`m Ama H$n{Z`m h Omo {ZZmZwgma h:
E. nr Q>r ~H$ Am$ B{S>`m (BS>moZo{e`m), Q>r~rHo$
~r. ~H$ Am$ B{S>`m (VOm{Z`m) {b.
gr. ~H$ Am$ B{S>`m (`yOrbS>) {b.
S>r. ~H$ Am$ B{S>`m (~modmZm) {b.
B. ~rAmoAmB eo`ahmopS>J {b. (~rAmoAmBEgEb)
E$. ~rAmoAmB Agm BdoQ>|Q> ZOg m.{b.
Or. ~rAmoAmB Agm Q>Q>r{en g{dgoO m. {b.
2. `m AZwfJ
r H$nZr/H$n{Z`m yb H$nZr Ho$ H$mamo~ma {OoXmar : Zht
(~rAma) nhbm| | gh^m{JVm H$aVr h? `{X hm, Vmo Eogr AZwfJr
H$n{Z`m| H$s g`m n> H$a|&
3. H$nZr {OZ gWm/gWmAm| (Amny{VH$Vm, {dVaH$ Am{X) Ho$ gmW : Zht
H$mamo~ma H$aVm h, do H$nZr H$s H$mamo~ma {OoXmar (~rAma) H$s
nhbm| | gh^m{JVm H$aVo h? `{X hm, Vmo Eogr gWm/gWmAm| H$m
{VeV n> H$a|? (30% go H$, 30-60%, 60% go A{YH$)
^mJ S>r : H$mamo~ma {OoXmar H$s OmZH$mar
1. H$mamo~ma {OoXmar (~rAma) Ho$ {bE {OooXma {ZXoeH$/{ZXoeH$m| H$m `mam
H$) H$mamo~ma {OoXmar (~rAma) Zr{V/Zr{V`m| Ho$ H$m`md`Z Ho$ {bE
{OoXma {ZXoeH$/{ZXoeH$m| H$m `mam
:
S>rAmBEZ Z~a
: bmJy Zht
Zm
nXZm :
I) H$mamo~ma {OoXmar (~rAma) wI H$m `mam

List of activities in
which expenditure in
4 above has been
incurred:-

Section C: Other Details


1. Does the Company have any Subsidiary Company/
Companies?
The Bank has many subsidiaries and Companies as under
a. PT. Bank of India (Indonesia) Tbk
b. Bank of India (Tanzania) Ltd.
c. Bank of India (New Zealand) Ltd.
d. Bank of India (Botswana) Ltd.
e. BOI Shareholding Ltd. (BOISL)
f. BOI AXA Investment Managers Pvt. Ltd.
g. BOI AXA Trusteeship Services Pvt. Ltd.
2. Do the Subsidiary Company/Companies participate in the : No
BR Initiatives of the parent company? If yes, then indicate
the number of such subsidiary company(s)
3. Do any other entity/entities (e.g. suppliers, distributors : No
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%]
Section D: BR Information

1. Details of Director/Directors responsible for BR


a) Details of the Director/Director responsible for implementation
of the BR policy/policies

DIN Number

Name

: N.A

Designation

{ddaU
`mam
S>rAmBEZ Z~a (`{X bmJy hmo) bmJy Zht
Zm
gw^mf M AamoS>m
nXZm
hm~YH$
Q>obr$moZ Z~a
022-66684444
headoffice.god@bankofindia.co.in
B-ob AmBS>r

63

b) Details of the BR head


S. No.

Particulars

Details

1.

DIN Number (if applicable)

N.A

2.

Name

Subhash C. Arora

3.

Designation

General Manager

4.

Telephone number

022-66684444

5.

e-mail id

headoffice.god@bankofindia.co.in

/ BANK OF INDIA

/ Annual Report 2013-14

2 {gmV dma (EZdrOr Ho$ AZwgma) ~rAma Zr{V/Zr{V`m (hm/Zht | Cma X|)
H$.
g.

2.

S.
No.

nr nr nr nr nr nr nr nr nr
1 2 3 4 5 6 7 8 9

1. `m AmnHo$ nmg {gmVm| Ho$ {bE


Zr{V/Zr{V`m h

hm

2. `m g~{YV eo`aYmaH$ Ho$ gmW


{dMma-{de H$aHo$ Zr{V ~ZmB
JB h?

hm

Principle-wise (as per NVGs) BR Policy/policies (Reply in Y/N)


P P P P P P P P P
1 2 3 4 5 6 7 8 9

1.

Do you have a policy/policies for


principle/s

Yes

2.

Has the policy being formulated


in consultation with the relevant
stakeholders?

Yes

3.

Does the policy conform to any


Yes
national /international standards? If The Banks Sustainable
yes, specify? (50 words)
Development
and
Corporate Social
Responsibility
policy
is based on National
Voluntary Guidelines on
Social, Environmental and
Economic Responsibilities
of Business as released
by Ministry of Corporate
Affairs, Government of
India.
Has the policy being approved by the
Yes
Board? Is yes, has it been signed by
MD/owner/CEO/appropriate Board
Director?

3. `m Zr{V am>r`/AVam>r` ~H$ Ho$ Wm`r {dH$mg Ama H$mnm}aoQ>


mZH$m| Ho$ AZwn h? `{X hm, gmm{OH$ {OoXmar H$s Zr{V H$mnm}aoQ>
n> H$a|?(50 eXm| |)
H$m` mb`, ^maV gaH$ma mam Omar
H$mamo~ma Ho$ gmm{OH$, n`mdaU Ama
Am{WH$ {OoXm[a`m| na am>r` dpN>H$
{Xem{ZX}em| na AmYm[aV h&
4. `m Zr{V ~moS> mam AZwmo{XV
hm
H$s JB h? `{X hm, `m `h
ES> r /m{bH$/grB A mo / Cn`w $
~moS> Ho$ {ZXoeH$ mam hVmj[aV
h?
5. `m Zr{V Ho$ H$m`md`Z H$s
hm
XoI^mb H$aZo Ho$ {bE H$nZr |
~moS>/{ZXoeH$/A{YH$m[a`m| H$s
{d{e>$ g{{V h?
6. Zr{V H$mo AmZbmBZ XoIZo Ho$ {bE www.bankofindia.co.in
qbH$ ~VmE?
7. g^r g~{YV AmV[aH$ VWm ~mhar
hm
eo`aYmaH$m| H$mo Zr{V Ho$ g~Y |
AmnMm[aH$ gyMZm Xr JB h?
8. `m H$nZr Ho$ nmg Zr{V/Zr{V`m|
hm
H$mo H$m`mpdV H$aZo Ho$ {bE
AmV[aH$ >T>mMm h?
9. `m H$nZr | eo`aYmaH$m| H$s
hm
Zr{V/Zr{V`m| go g~{YV {eH$m`Vm|
H$s XoI^mb H$aZo hoVw g~{YV
Zr{V/{Z{V`m| go g~{YV {eH$m`V
{ZdmaU V h?
10. `m H$nZr mam Bg Zr{V Ho$ H$m`
hm
H$m AmV[aH$ AWdm ~mhar EOogr
mam dV boIm narjm/y`mH$Z
H$adm`m J`m h?
2H$. `{X H$. g 1 Ho$ {H$gr {gmV H$m Cma Zht h Vmo H$n`m n> H$a|, `m|?
(2 {dH$n VH$ ghr H$m {ZemZ bJmE)

Questions

4.

5.

6.

Does the company have a


Yes
specified committee of the Board/
Director/Official to oversee the
implementation of the policy?
Indicate the link for the policy to be www.bankofindia.co.in
viewed online?

7.

Has the policy been formally


communicated to all relevant
internal internal and external
stakeholders?

Yes

8.

Does the company have in-house


structure to implement the policy/
policies.

Yes

9.

Does the Company have a


grievance redressal mechanism
related to the policy/policies to
address stakeholders grievances
related to the policy/policies?

Yes

10.

Has the company carried out


independent audit/evaluation of the
working of this policy by an internal
or external agency?

Yes

2a. If answer to S. No. 1 against any principle, is 'No', please explain


why: (Tick up to 2 options)
S.
No.

nr nr nr nr nr nr nr nr nr
H$.

1 2 3 4 5 6 7 8 9
g.
1. H$nZr Zo {gmVm| H$mo Zhr gPm h
Zht
2. H$nZr Cg na Zht h Ohm dh
Zht
{Z{X>H$ {gmVm| na Zr{V`m ~ZmZo
VWm {H$`mpdV H$aZo H$s pW{V
| hmo

1.
2.

64

Questions
The company has not
understood the Principles
The company is not at a
stage where it finds itself in
a position to formulate and
implement the policies on
specified principles

P
1

P
2

P
3

P
4

P
5
No
No

P
6

P
7

P
8

P
9

/ BANK OF INDIA

/ Annual Report 2013-14

3. H$nZr Ho$ nmg H$m` hoVw {dmr`


AWdm l e{$ ggmYZ
CnbYH$ Zht h
4. AJbo N>h hrZo Ho$ AXa `h H$aZo
H$s `moOZm h
5. AJbo EH$ df Ho$ AXa `h H$aZo
H$s `moOZm h
6. A` H$moB H$maU
(H$n`m n> H$a|)
3.

Zht

3.

N.A.

hm

The company does not


have financial or manpower
resources available for the
task

4.

It is planned to be done
within next 6 months

N.A.

5.

It is planned to be done
within the next 1 year

6.

Any other reason (please


specify)

3. Governance related to BR

H$mamo~ma {OoXmar (~rAma) go g~{YV emgZ Umbr


~H$ H$s emgZ Umbr H$m {gmV, eo`aYmaH$ Ho$ y` H$mo ~T>mVo hE CZHo$
H$mamo~ma H$mo H$aZo | Z{VH$Vm H$m nmbZ H$aZo Ho$ {bE gnyU {V~Vm na
~Zm hAm h& ~moS>, H$m`nmbH$m| VWm A` nXm{YH$m[a`m| Ho$ ~rM AV:gnH$
Bg Vah go ~Zm`m J`m h Vm{H$ CZH$s ^y{H$m n>V: nWH$ hmo Ama
H$mnm}aoQ> H$m`{ZnmXZ | gwYma bmE& ~H$ C H$Q>Z mZH$m| Ho$ nmbZ Ama
nmaX{eVm Ho$ {bE {V~ h& gdlo> WmAm| Ho$ AZwgma ~H$ Zo ~moS> H$s
{d{^ g{{V`m J{R>V H$s h Vm{H$ H$mamo~ma Ho$ g^r njm| H$s {ZJamZr H$s
Om gHo$&
{ZXoeH$ S>b, ~moS> H$s g{{V AWdm ~ma : df Ho$ XmamZ g{{V
grBAm| mam ~rAma {ZnmXZ H$m y`mH$Z
Zo 1 go A{YH$ ~R>H|$
{H$VZo AVamb na {H$`m OmVm h& 3 hrZo Ho$
H$r&
AXa, 3-6 hrZo, dm{fH$, 1 df go A{YH$

`m H$nZr ~rAma AWdm EH$ {ZaVaVm [anmoQ>


H$m{eV H$aVr h? Bg [anmoQ> H$mo XoIZo Ho$
{bE hm`naqbH$ `m h? {H$VZo AVamb | `h
H$m{eV H$s OmVr h?

The Banks governance philosophy is woven around its total


commitment to ethical practices in the conduct of its business,
while striving to enhance shareholders value. The interrelation
between the Board, the executives and other functionaries is so
configured as to have distinctly demarcated roles and improved
corporate performance. The Bank is also committed to following
high disclosure standards and transparency. In line with the best
practices, the Bank has formed various committees of the Board to
monitor every aspect of business.
Indicate the frequency with which : The Committee
the Board of Directors, Committee of
met More than 1
the Board or CEO to assess the BR
times during the
performance of the Company. Within
year.
3, months, 3-6 months, Annually, More
than 1 year
Does the Company publish a BR or : The Bank does
a Sustainability Report? What is the
not publish a BR
hyperlink for viewing this report?
or a Sustainibility
Report
How frequently it is published?

~H$ ~rAma AWdm


{ZaVaVm
[anmoQ>
H$m{eV Zht H$aVr
h&

^mJ B: {gmVdma {ZnmXZ


{gmV 1
1.

`m Zr{Vem, KygImoar Ama


^>mMma go g~{YV Zr{V Ho$db
H$nZr H$mo H$da H$aVr h?
`m `h gyh/g`w$ C/
Amny { V H $Vm / R>o H o $ Xma/EZOrAmo /
A` na {dVm[aV h?

Section E: Principle-wise performance


Principle 1

H$mnm}aoQ> emgZ Umbr ~H$ H$m


AmYma^yV {hgmm h Ama AN>o>
~YZ | BgH$s ^y{H$m H$mo nyUV:
gPVm h& ~H$ H$s CmaXm{`d
:
Zr{V Z{VH$Vm, KygImoar, ^>mMma
Ama g~{YV Xm| H$mo H$da H$aVm
h& gyh/g`w$ C/Amny{VH$Vm/
R>oHo$Xma/EZOrAm| Ama A` na ^r
BgH$m {dVma h&
2. {dJV {dmr` df | eo`aYmaH$mo go {H$VZr {eH$m`V| m hB h Ama ~YZ
mam gVmofOZH$ T>J go {ZdmaU H$m {VeV `m h? `{X
H$) df Ho$ Ama^ | b{~V {eH$m`Vm| H$s g`m
: 12
I) df Ho$ XmamZ m {eH$m`Vm| H$s g`m
: 3565
J) df Ho$ XmamZ {H$VZr {eH$m`Vm| H$m {ZdmaU {H$`m J`m : 3513
K) df Ho$ AV | b{~V {eH$m`Vm| H$s g`m
: 64

{ZnQ>mB J`r {eH$m`Vm| H$m %
: 98.21%
{gmV 2
1. Amn Ho$ 3 Eogo CnmXmo AWdm godmAm| H$s gyMr ~ZmE {OZ| gmm{OH$ AWdm
nmdaU qMVmAmo, Omo{Imo AWdm Adgamo H$mo em{b {H$m Jm h&
i dghm`Vm gyh : ~H$ H$B dR>-ghm`Vm gyhm| H$mo H$meb {ejU,
`mVdgm{`H$ mJXeZ Ama {dmrg` ghm`Vm Ho$ O[aE d -amoOJma gOZ |
ghm`Vm Xo ahm h&
:

1. Does the policy relating to


ethics, bribery and corruption
cover only

Corporate Governance is an
integral part of the Bank and
it fully understands its role in
good management. The Banks
: accountability policy covers
Does it extend to the Group/
Joint Ventures/Suppliers/
ethics,
bribery,
corruption
Contractors/ NGOs/Others?
and related issues. It extends
to Group/ Joint Ventures/
Suppliers/Contractors/NGOs
and Others.
2. How many stakeholder complaints have been received in the past
financial year and what percentage was satisfactorily resolved by
the management? If
a) No. of complaints pending at the beginning of the year : 12
:

b) No. of complaints received during the year


c)

No. of complaints redressed during the year

: 3565
: 3513

d) No. of complaints pending at the end of the year

: 64

: 98.21%

% of complaints resolved.

Principle 2
1.

List up to 3 of your products or services whose design has


incorporated social or environmental concerns, risks and/or
opportunities.

i.

Self-help groups : The Bank supports several self-help groups


in generating self-employment through skills training, vocational
guidance and financial support.

65

/ BANK OF INDIA
ii

/ Annual Report 2013-14

damoOJma {dH$mg gWmZ (Amago{Q>) : ~rAmoAmB Zo Q>mha dmoOJma


{ejU gWm`Z (EgEgnrEg) - AmagoQ>r Ama^ {H$`m h& JmrU
d-amoOJma {ejU gWm Z& JmrU {dH$mg mb` mam Omar {Xem{ZX}
em| Ho$ AZwgma hmao ~H$ mam Amago{Q> H$s WmnZm H$s JB h Ama BgH$m Co`
JmrU `wdH$m| H$mo {ejU XoZm h Vm{H$ `mdgm{`H$ {ejU nyam hmoZo Ho$ ~mX
~H$ H$s ghm`Vm go AN>o Cr ~Z gHo$ Ama Am{WH$ J{V{d{Y`m Ama^ H$a
gHo$& ^maV gaH$ma Ho$ {Xem{ZX}em| Ho$ AZwgma ~rAmoAmB Zo AnZo AJUr {Obm|
| 43 Amago{Q>`m Imobr h& Ama{^H$ g` Ho$ XmamZ hmao AJUr {Obm| | gmV
OJhm| | A` ~H$m| mam Imobr JB Wr& Cgr H$ma hmao ~H$ Zo 43 Amago{Q>`m|
| go EH$ Amago{Q> ~mamgmV (n{ ~Jmb) | Imobr h Omo hmam AJUr ~H$ H$m
{Obm Zht h&
iii {dmr` gmjaVm Ama Ho${S>Q> name Ho$ (A^`) : nrEg~r | go hmam
~H$ W h {OgZo gmm{OH$ nhb H$aVo hE gmO Ho$ gw{dYm go d{MV Ama
AZnT> loUr Ho$ bmoJm| H$mo {Z:ewH$ Ho${S>Q> name godmE XoZo Ho$ {bE A^` ZmH$
QQ> Ama^ {H$`m h& A^` H$m nhbm Ho$ 7 {gV~a, 2006 | Cg g` Ho$
Ama~rAmB JdZa S>m. dmB.dr.ao>r Ho$ hmWm| go w~B | CmQ>Z H$adm`m J`m&
~rAmoAmB Ho$ A~ 6 A^` Ho$ Ama 54 {dmrb` gmjaVm Ho$ (E$Ebgr) h
Omo AJUr ~H$ Ho$ CmaXm{`d H$m {ZdhZ H$a aho h&

ii

Swarojgar Vikas Sansthan (RSETI) : BOI has launched Star


Swarojgar Prashikshan Sansthan(SSPS )-RSETI : Rural Self
Employment Training Institute. RSETIs have been set up by our
Bank in terms of guidelines issued by Ministry of Rural Development
(MoRD) aimed at imparting training to rural youths, such that they
emerge as a good entrepreneur and commence economic
activities with Banks handholding support, upon successful
completion of the vocational training. In terms of GOI guidelines,
BOI has opened 43 RSETIs in its Lead Districts. During initial stage,
RSETIs at seven Locations were opened by other Banks, in our
Lead Bank Districts. Likewise, our Bank also opened One RSETI
out of 43 RSETIs at Barasat (West Bengal), which is outside our
Lead Bank District.

iii

Financial Literacy & Credit counseling centre (Abhay): BOI


is first among PSBs to introduce a social initiative by establishing
a
trust
named ABHAY-for offering free credit counseling
services to the underprivileged and illiterate sections of the
society. The first centre under ABHAY was opened at Mumbai
at the hands of Dr Y.V. Reddy, the then Governor, RBI on 7th
September,2006. BOI now has 6 ABHAY Centers and 54
Financial Literacy Centers (FLC) discharging its
lead bank
responsibility.

2. `oH$ Eogo CnmX Ho$ g~Y | CnmX H$s {V BH$mB Ho$ {bE (dH$pnH$) Cn`moJ
{H$E JE ggmYZ (D$Om, nmZr, H$o mb Am{X) Ho$ ~mao | {ZZ{bpIV `mam X|:
i. d`y MZ Ho$ ew go AV VH$ {dJV df go gmo{gJ/CnmXZ/{dVaU Ho$ XmamZ
hB H$r?
: bmJy Zht
ii. {dJV df H$s VwbZm | JmhH$m| mam Cn`moJ (D$Om, nmZr) Ho$ XmamZ hB H$r ?

: bmJy Zht
3. Wm`r gmo{gJ Ho$ {bE H$nZr Ho$ nmg H$m`{d{Y h (Tw>bmB g{hV)
i. `{X hm Vmo, AmnHo$ BZnwQ> H$m {H$VZm {VeV Wm`r n go gmog {H$`m
: bmJy Zht
J`m?
emImAm| mam `moJ H$s bJ^J g^r dVwE WmZr` $n go br OmVr
h& g^r godm emImAm| Ho$ ~rM {dVaU Ho$ {bE nmaXeu ~mobr {H$`m Ho$
gmog Ho$ O[aE go WmoH$ | IarXr OmVr h&
4. `m H$nZr CZHo$ H$m`jo Ho$ Amgnmg Ho$ gyh g{hV WmZr` Ama N>moQ>o CnmXH$m|
go gmmZ Ama godmE boZo hoVw H$moB H$X CR>mVo h?
`{X hm Vmo, WmZr` Ama N>moQ>o {dHo$VmAm| H$s jVm Ama `mo`Vm H$mo gwYmaZo Ho$
{bE `m H$X CR>mE JE h?
hm, Ohm VH$ g^d h bmJV H$mo KQ>mZo Ho$ {bE g~go ZOXrH$s {~Xw go gmo{gJ
H$s OmVr h&
5. `m H$nZr Ho$ nmg CnmX Ama Ad{e H$mo argmBH$b H$aZo H$s {H$`m h? `{X
hm Vmo CnmX Ama Ad{e> H$m {H$VZm {VeV argmBH$b {H$`m OmVm h (nWH$
n | 5%, 5-10%, 10%). H$ar~ 50 eXm| | BgH$m `mam X|&

2.

For each such product, provide the following details in respect


of resource use (energy, water, raw material etc.) per unit of
product(optional):

3.

i.

Reduction during sourcing/production/


distribution achieved since the previous year
throughout the value chain?

ii.

Reduction during usage by consumers (energy,


water) has been achieved since the previous year? : N.A

Does the company have procedures in place for sustainable


sourcing (including transportation)?
i.

If yes, what percentage of your inputs was


sourced sustainably?

: N.A

Almost all items of use are sourced locally by branches. Bulk


Purchase for distribution among all service branches are
sourced through bidding transparent process

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?

Yes, as far as possible, sourcing done from nearest point to


reduce costs.

4.

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.

5%

{gmV 3

: N.A

5%
Principle 3

1.

Hw$b H$Mm[a`m| H$s g`m


gy{MV H$a|

31-03-2014 Ho$ AZwgma ~H$ o


Hw$b 43150 H$Mmar h&

2.

AWm`r/R>oHo$ na/AmH$pH$
AmYma na {bE JE Hw$b
H$Mm[a`m|
H$s
g`m
~VmE

h AXm{OV 460 h&

3.

H$n`m Wm`r {hbm H$Mm[a`m|


H$s g`m ~VmE

~H | 9196 {hbm H$Mmar h&

1.
2.

3.

66

Please indicate the Total


:
number of employees.
Please
indicate
the :
Total
number
of
employees
hired
on
temporary/contractual/
casual basis.
Please indicate the Number :
of permanent women
employees.

The Bank had a total of 43150


employees as on 31-03-2014.
This were approximately
around approx. 460

Bank has 9196 women


employees.

/ BANK OF INDIA

/ Annual Report 2013-14

4.

H$n`m {dH$bmJVm g{hV Wm`r


H$Mm[a`m| H$s g`m ~VmE

~H$ | 719 {dH$bmJ H$Mmar h&

5.

`m AmnHo$ `hm H$Mmar gK


h {Ogo ~YZ H$s m`Vm
m h

hm

6.

{H$VZo {VeV Wm`r H$Mmar


BZ m`Vm m H$Mmar gK
Ho$ gX` h

bJ^J 100%

7.

{dJV {dmr` df Ho$ XmamZ ~mb-l, ~oJmar, A{ZNwH$ l, `mZ


CnrS>Z go g~{YV {eH$m`Vm| Ama {dmr` df Ho$ AV | b{~V {eH$m`Vm|
H$s g`m ~VmE

H$. dJ
{dmro` df Ho$ XmamZ XO
g.
{eH$m`Vm| H$s g`m
1. ~mb
H$moB Zht
l/~oJmar/
A{ZNw>H$ l
2. `mZ CnrS>Z H$moB Zht
3. njnmVr
H$moB Zht
{Z`moOZ
8. {dJV df | {ZZZ{bpIV H$Mm[a`m| | go
H$meb C`Z {ejU {X`m J`m?
l Wm`r H$Mmar
l Wm`r {hbm H$Mmar
l AmH$pH$/AWm`r/R>oHo$ Ho$ H$Mmar
l AnJVm dmbo H$Mmar
{gmV 4
1.

`m H$nZr Zo AnZo AmV[aH$


Ama ~m eo`aYmaH$m| Ho$
{bE `moOZm ~ZmB h?

Cn`w$ | go `m H$nZr
Zo gw{dYmhrZ, gdoXZerb
Ama grmV eo`aYmaH$m| H$mo
{MphV {H$`m h

`m gw{dYmhrZ, gdoXZerb
Ama
A{YH$mahrZ
eo`aYmaH$m| H$mo em{b H$aZo
Ho$ {bE H$nZr mam {deof
nhb H$s JB h&

4.

Please indicate the


: Bank has 719 employees with
Number of permanent
disabilities.
employees with disabilities
5. Do you have an
: Yes
employee association
that is recognized by
management
6. What percentage
: Almost 100%
of your permanent
employees is members
of this recognized
employee association?
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.

{dmr` df Ho$ AV | b{~V


{eH$m`Vm| H$s g`m
H$moB Zht

H$moB Zht
H$moB Zht
{H$VZo {VeV H$mo gwajm Ama
: 32710 (76%)
: 8818 (96%)
:
258 (56%)
:
369 (51%)

S.
No.

Category

No of
No of complaints
complaints
pending as
filed during the
on end of the
financial year
financial year

1.

Child labour/forced
labour/involuntary labour

None

None

2.

Sexual harassment

None

None

3.

Discriminatory
None
None
employment
8. What percentage of your under mentioned employees were given
safety & skill up-gradation training in the last year?

Permanent Employees

: 32710 (76%)

Permanent Women Employees

8818 (96%)

Casual/Temporary/Contractual Employees :

258 (56%)

Employees with Disabilities

369 (51%)

Principle 4
1.

~H$ Zo AnZo AmV[aH$ Ama ~m eo`aYmaH$m|


Ho$ {bE n> `moOZm ~ZmB h& eo`aYmaH$m|
H$s loUr | gaH$mar, {dXoer gWmfJV
{ZdoeH$, {dmt` gWm`E, ~rm H$n{Z`m,
`wMwAb $S>, ~H$ VWm [aQ>ob (`{$JV)
em{b h& JmhH$m| H$mo ~hV H$mnm}aoQ>, {S>
H$mnm}aoQ>, bKw VWm ` gWmE VWm [aQ>ob
JmhH$m| | Bg gyh H$s Amd`H$VmAm| H$mo
nyam H$aZo Ho$ {bE emImE ~ZmB h& - BgHo$
A{V[a$ grEAma J{V{d{Y`m {d{^ gyhm|
VH$ nhM ahr h Ohm ~H$ H$s CnpW{V h&
AmV[aH$ eo`aYmaH$, ~H$ Ho$ H$Mm[a`m| H$s
XoI^mb mZd ggmYZ {d^mJ mam H$s OmVr
h&
Or hm, ~H$ Am{WH$ JmhH$m|, N>moQ>o {H$gmZm|,
Ama CmoJn{V`m|, {hbm gyhm|, Am{Xdmgr
OZg`m Am{X H$mo mBH$mo {$Zg, N>moQ>o
F$U, {deof F$U `moOZmAm| Ho$ VhV F$U Ogo
{H$gmZ Ho${S>Q> H$mS> Am{X XoVo h&
Bg jo Ho$ AmV[aH$ eo`aYmaH$m| Ho$ {bE
{d{^ nhbm| Ho$ O[aE, ~ohVa gP Ho$ {bE
Ch| Am{WH$ bm^ XoZo Ho$ gmW-gmW nj H$m
gWZ H$aZm&

67

Has the company : The Bank has clearly mapped its internal
and external stakeholders. Categories
mapped its internal
and external stakeof shareholders include Government,
holders?
Foreign Institutional Investors, Financial
Institutions,
Insurance
Companies,
Mutual Funds, Banks and Retail
(Individuals). As for Customers, they
are grouped as large corporate, midcorporate, small and medium enterprises
and retail customers. The Bank has
focussed branches to cater to these
groups. _ Further the CSR activites
reach out to various groups wherever
the Bank has a presence. The internal
stakeholders, the employees of the
Bank are looked after by the Human
Resources Department.
Out of the above, : Yes. The Bank caters to the economically
has the company
and socially underprivileged customers,
identified the disadsmall farmers and businessmaen,
vantaged,
vulnerwomen groups, tribal populations etc,
able & marginalized
by providing micro-finance, small loans,
stakeholders.
credit under special credit schemes such
as Kisan Credit Card etc.
Are there any spe- : Yes it is done through various initiatives
cial initiatives taken
for internal stakeholders to this section,
by the company to
To give them economic benefits as well as
engage with the dissupport causes for better understanding.
advantaged, vulnerable and marginalized stakeholders.

/ BANK OF INDIA

{gmV 5
1. `m mZd A{YH$ma na H$nZr H$s Zr{V Ho$db
: g^r Ho$ {bE,
H$nZr H$mo H$da H$aVr h `m gyh/g`w$
nmaXeu Umbr Ho
Cm|/Amny{VH$VmAm|/R>oHo$Xmamo/EZOrAmo/A`m| Ho$ O[aE
{bE ^r {dVm[aV H$s JB h?
2. {dJV {dmr` df Ho$ XmamZ eo`aYmaH$m| go {H$VZr : ~H$ Zo 98.21%
eH$m`Vo m hB Ama ~YZ mam {H$VZo {VeV {eH$mVm| H$m {ZnQ>mZ
H$m gVmofOZH$ T>J go {ZdmaU {H$`m J`m? H$a {Xm h&
{gmV 6
1. `m {gmV 6 go g~{YV Zr{V Ho$db H$nZr H$mo : H$nZr Ama H$nZr
H$da H$aVr h `m gyh/g`w $ C/Amny{VH$VmAm|/ Ho$ gmW boZ-XoZ
R>oHo$Xmamo/EZOrAmo/A` Ho$ {bE ^r {dVm[aV H$aZo dmbo g^r H$m
H$s JB h& H$da H$aVr h.
2. `m H$nZr Ho$ nmg d{H$ n`mdaU Ho$ wm| Ogo : `h godm CmoJ
~XbVm mg, bmo~b dm{J B`m{X H$mo nVm hmoZo Ho$ H$maU H$moB
bJmZo Ho$ {bE aUZr{V`m/nhbo h? {d{e> nhb Zht h.
hm/Zht, `{X hm Vmo H$n`m do~noO Am{X Ho$ {bE
hmBna qbH$ X|&
: hm
3. `m H$nZr g^m` n`mdaU OmopIm| H$s
nhMmZ Ama AmH$bZ H$aVr h?
4. `m H$nZr Ho$ nmg bsZ So>dbnoQ>
: Zht
oHo${Z go g~{YV H$moB n[a`moOZm h?
`{X hm Vmo H$ar~ 50 eXmo | `moam X|& gmW hr
`{X hm Vmo `m n`mdaU AZwnmbZ [anmoQ> $mBb H$s OmVr h?
5. `m H$nZr Zo bsZ Q>oZmobmOr, D$Om XjVm, : Or hm, D$Om
Aj` D$Om Am{X na H$moB A` nhb H$s h& hm/ XjVm H$s YmaUm H$mo
Zht& `{X hm Vmo do~noO Am{X H$m hmBnaqbH$ X|& {H$`mpdV {H$`m Om
ahm h&
6. `m [anmoQ> {H$E Om aho {dmr` df Ho$ {bE : bmJy Zhr, `m| {H$ `h
H$nZr mam OoZaoQ> {H$E Om aho B{eZ/Ad{e> godm CmoJ h
grnrgr~r/Egnrgr~r mam Xr JB AZwV grm
Ho$ AXa h?
7. {dmr` df Ho$ AV | grnrgr~r/Egnrgr~r go : H$moB Zht
m H$maU ~VmAmo/H$mZyZr Zmo{Q>gm| H$s g`m,
Omo b{~V (AWmV gVmofnyU {ZdmaU Zht hAm) h
{gmV 7
1. `m AmnH$s H$nZr {H$gr QoS> Ama Mo~a AWdm gK H$s gX` h? Ho$db CZ
wI H$m Zm X| {OgHo$ gmW AmnH$m H$mamo~ma g~Yr boZXoZ hmoVm h: hm
H$. ^maVr` ~H$ gK (AmB~rE)
I. ^maVr` ~qH$J Ama {dm gWmZ (AmBAmB~rE$)
J. ~qH$J H$m{H$ M`Z gWmZ (AmB~rnrEg )
K. am>r` ~H$ ~Y gWmZ (EZAmB~rE)
2. `m AmnZo Cn`w$ gK Ho$ O[aE OZVm H$s ^bmB H$s : hm, ~H$ Zo
C{V Ama gwYma hoVw dH$mbV/Mma {H$`m h?
Hw$N> Zr{Vm

gwPmB h

{Oggo gmO

H$mo bm^ hmoJm&

/ Annual Report 2013-14


Principle 5
1.

Does the policy of the company on : It covers everybody


human rights cover only the company
through transparent
or extend to the Group/Joint Ventures/
system.
Suppliers/ Contractors/NGOs/Others?
2. How many stakeholder complaints have : The Bank resolved
been received in the past financial year
Approx 99 per cent
and what percent was satisfactorily
of the complaints.
resolved by the management?
Principle 6
1.

Does the policy related to Principle 6 : It covers the


cover only the company or extends to
company and all
the Group/Joint Ventures/ Suppliers/
those dealing with
Contractors /NGOs/others.
the company.
2. Does the company have strategies/ : No specific initiative
initiatives to address global environmental
as it is a Service
issues such as climate change, global
Industry.
warming, etc?
Y/N. If yes, please give hyperlink for
webpage etc.
3. Does the company identify and assess : Yes. Some of the
potential environmental risks?
activities of the Bank
in this regard can be
found in the CSR
Report.
4. Does the company have any project : No
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?
5. Has the company undertaken any other : Yes, concept of
initiatives on - clean technology, energy
energy efficiency is
efficiency, renewable energy, etc. Y/N.
being implemented.
If yes, please give hyperlink for web page
etc.
6. Are the Emissions/Waste generated by : N.A, as the Bank is
the company within the permissible limits
engaged in Service
given by CPCB/SPCB for the financial
Industry
year being reported?
7. Number of show cause/ legal notices : There were None.
received from CPCB/SPCB which are
pending (i.e. not resolved to satisfaction)
as on end of Financial Year.
Principle 7
1. Is your company a member of any : Yes
trade and chamber or association?
Name only those major ones that
your business deals with:
a. Indian Banks Association (IBA)
b. Indian Institute of Banking and Finance (IIBF)
c. Institute of Banking personal Selection (IBPS)
d. National Institute of Bank Management (NIBM)
2. Have
you
advocated/lobbied : Yes, the Bank
through above associations for the
suggested policies
advancement or improvement of
mutually
benefits
public good?
society.

68

has
that
the

/ BANK OF INDIA

/ Annual Report 2013-14

{gmV 8
1.

2.

`m H$nZr Ho$ nmg {gmV


8 go g~{YV Zr{V Ho$
{bE {Z{X> H$m`H$/
nhb/n[a`moOZm h& `{X hm
Vmo CgHo$ `mao X|&

`m BZ-hmCg Q>r/AnZm
AmYma/~m EZOrAmo/gaH$mar
gaMZm/A` {H$gr gJR>Z
mam H$m`H$/n[a`moOZm ew
h?
3. AmnZo AnZr nhb Ho$ ^md
H$m H$moB AmH$bZ {H$`m h?
4. gwXm` {dH$mg n[a`moOZm
| AmnH$s H$nZr H$m `j
AeXmZ `m h? ^maVr`
nE | aH$ Ama ew H$s
JB n[a`moOZm H$m `mam
5. `m AmnZo `h gw{Z{V
H$aZo Ho$ {bE Eogo H$X
CR>mE h {H$ gwXm` mam Bg
gwXm` {dH$mg nhb H$mo
g$bVmnydH$ AnZm`m OmE?
H$n`m H$ar~ 50 eXm| |
n H$a|&
{gmV 9

Principle 8
:

1. Does the company : The Bank has taken an pro-active role to


have
specified
promote Financial Inclusion. The Bank
programmes/
goes out of the way to provide banking
initiatives/ projects in
experience to the underprivileged at
pursuit of the policy
their doorstep. Through its initiatives in
related to Principle 8?
the rural sector, the Bank plays a key
If yes details thereof.
role to improve the lives of the rural
publics through provision of banking and
allied services that the socially relevant.
There are training and counselling
centres set-up by the Bank to help agrisector, the educated youth and other
self-employed groups. The Bank is also
active in spreading financial literacy.
2. Are the programmes/ : These
projects/
initiatives
are
projects undertaken
undertaken through In house as well as
through
in-house
outside agencies.
team/own foundation/
external NGO/government structures/ any
other organization?
3. Have you done any : No
impact assessment of
your initiative?
4. What is your com- : The Bank undertook several projects
panys direct contriof varying nature and sizes, detail of
bution to community
which can be found in the CSR Report.
development projectsAmount in INR and
the details of the projects undertaken.
5. Have
you
taken : The Bank has set up development
steps
to
ensure
initiative is successfully adopted by the
that this community
Credit Advisory service viz Abhay for
development initiative
needy persons and the down trodden
is
successfully
Section of the society.
adopted
by
the
community?
Please explain in 50
words, or so

{dmr` gmdoeZ H$mo ~T>mdm XoZo Ho$ {bE


~H$ g{H$` ^y{H$m {Z^m ahm h. ~H$
gw{dYm go d{MVm| H$mo CZHo$ Ka VH$ ~qH$J
H$s gw{dYm nhMm ahm h. ~H$ JmrU jo |
AnZo nhbm| Ho$ O[aE ~qH$J Ama gmO go
g~ godmAm| Ho$ mdYmZ Ho$ O[aE JmrU
OZVm Ho$ OrdZ H$mo gwYmaZo | Ah ^y{H$m
{Z^m ahm h. ~H$ mam {ejU VWm name
Ho$ Wm{nV {H$E JE h Omo H${f jo ,
{e{jV `wdH$ VWm A` d-{Z`mo{OV gyh
H$mo XX H$aVm h. ~H$ g{H$`Vm go {dmr`
gmjaVm $bm ahm h.
BZ-hmCg Ho$ gmW-gmW ~m EO|{g`m mam
Eogr n[amoOZmE / nhb| Omar h&

Zht

~H$ Zo {d{^ AmH$ma VWm H$ma H$s H$B


n[a`moOZmE br h Omo grEgAma [anmoQ> |
Xr JB h&

~H$ Zo O$aVX `{$`m| Ama gmO Ho$


X{bV dJm} Ho$ {bE F$U gbmhH$ma godmE
Ogo A^` Ama^ H$s h&

1. {dmr` df Ho$ AV | {H$VZo {VeV


JmhH$ {eH$m`V|/Cn^mo$m mbo b{~V
h&
2. `m H$nZr WmZr` H$mZyZ H$s A{Zdm`Vm
Ho$ A{V[a$$ CnmX bo~b na CnmX H$s
OmZH$mar X{eV H$aVr h? hm/Zht/
bmJy Zht/{Q>nUr (A{V[a$ OmZH$mar)
3. {dJV nmM dfm} Ho$ XmamZ H$nZr Ho$
{d {H$gr ^r eo`aYmaH$ mam AZw{MV
`mnma `dhma, Ja {OoXmamZm {dkmnZ
Ama/AWdm {damoYr {VnYu `dhma
go g~{YV H$moB ^r mbm Xm`a {H$`m
J`m h Ama {dmr` df Ho$ AV | b{~V
h& `{X hm, H$ar~ 50 eXm| | `mam X|
4. `m AmnH$s H$nZr mam Cn^mo$m gVw{>
H$s d{m /Cn^mo$m gd}jU {H$`m J`m
h?

Principle 9
1.

1.80% b{~V Wt&


2.

: bmJy Zht
3.

: H$moB Zht

4.

: hm, ~H$ JmhH$ Ho$pV gWm h


Ama hoem $sS>~H$ H$m dmJV
H$aVr h. ~H$ `h gw{Z{V H$aVm
h {H$ g^r JmhH$m| Ho$ A{^`moJ
Ama {eH$m`Vm| H$mo Hw$ebVm Ama
^mdr T>J go {ZnQ>m`m OmE&
69

What percentage of customer


complaints/consumer cases are
pending as on the end of financial
year.
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)
Is there any case filed by any
stakeholder against the company
regarding unfair trade practices,
irresponsible advertising and/or
anti-competitive behaviour during
the last five years and pending
as on end of financial year. If so,
provide details thereof, in about
50 words or so
Did your company carry out any
consumer survey/ consumer
satisfaction trends?

: 1.80 per cent were


pending.
: This is Not Applicable

: There are None.

: Yes, The Bank is a customer


centric organization and
always welcome feedback.
The Bank ensures that all
customer grievances and
complaints are handled as
efficiently and effectively as
possible

/ BANK OF INDIA

H$mnm}aoQ> emgZ Umbr

CORPORATE GOVERNANCE
Banks Philosophy on code of Governance :

emgZ Umbr Hy$Q> na ~H$ H$m XeZ :


AnZo H$mamo~ma gMbZ | Z{VH$ n[anmQ>r Ho$ {V AnZr nyU {V~Vm na ~H$ H$s
H$mnm}aoQ> emgZ Umbr XeZ ga{MV h O~{H$ `mg eo`aYmaH$m| Ho$ y` | d{
h& ~moS>, H$m`nmbH$m| VWm A` nXm{YH$m[a`m| H$m nman [aH$ g~Y Bg Vah J{R>V
h {H$ {Og| n>V`m CZH$s {d{e>> ^y{H$mE {MphV h VWm {dH${gV H$mnm}aoQ>
H$m`{ZnmXZ h& ~H$ C H$Q>Z mZH$m| VWm nmaX{eVm Ho$ AZwgaU | ^r {V~
h& ~ohVa n[anmQ>r Ho$ AZwgaU | ~H$ Zo H$mamo~ma Ho$ `oH$ nj H$s {ZJamZr H$aZo
Ho$ {bE ~moS> H$s {d{^ g{{V`m| H$m JR>Z {H$`m h&
~moS> Ho$ {ZXoeH$ :
g`-g` na gemo{YV ~qH$J H$nZr (CnH$m| H$m AOZ Ama AVaU) A{Y{Z`,
1970 Ho$ AVhJV ~H$ H$m JR>Z {H$`m J`m h& gmm` n`dojU, ~H$ H$m H$mamo~ma
VWm H$mH$mO H$m ~YZ VWm {ZXoeZ ~moS> Ho$ {ZXoeH$ S>b Ho$ nmg h, {OgH$s
A`jVm ~H$ H$s A`j Ed ~Y {ZXoeH$ mam H$s OmVr h&
A`j Ed ~Y {ZXoeH$ VWm H$m`nmbH$ {ZXoeH$ H$s {Z`w{$ Ho$r` gaH$ma mam
H$s OmVr h& grjmJV df Ho$ AVJV ~moS> | {ZZ{bpIV gX` Wo :
lrVr dr.Ama.A`a
lr {~. nr. em
lr AU lrdmVd
(05.08.2013 go)
lr Ama.H$moQ>raZ
(05.08.2013 go)
lr EZ. eofmr (30.04.2013 VH$)
lr E.Eg.amKdZ (05.07.2013 VH$)
lr AZyn dYmdZ
(26.07.2013 go)
lr Coe Hw$ma
(25.07.2013 VH$)
lr Eg.Eg.~m[aH$
(13.03.2014 go)
lr nr. Ama. a{d mohZ
(12.03.2014 VH$)
lr ZraO ^m{Q>`m
lr Ho$.Ho$.Zm`a
lr Ama.Eb. {~ZmoB
lr haqdXa qgh
(31.01.2014 VH$)
lr E. E. naoam
lr nr. E. {gamOwrZ
lr moX ^grZ
lr Coe Hw$ma IoVmZ

/ Annual Report 2013-14

Total commitment to ethical practices in the conduct of business,


while striving to enhance shareholders value is the Banks corporate
governance philosophy. The relationship between the Board, the
executives and various functionaries are clearly demarcated in terms of
their roles and responsibilities as to avoid any ambiguity and with a view
to improve the corporate performance. The Bank is also committed to
following high disclosure standards and transparency. In line with the
best practices, the Bank has formed various committees of the Board to
monitor every aspect of business.
Board of Directors :
The Bank is constituted under the Banking Companies (Acquisition and
Transfer of Undertakings) Act, 1970 as amended from time to time. The
general superintendence, direction and management of the affairs and
business of the Bank is vested in the Board of Directors presided over by
the Chairperson and Managing Director.
The Chairperson & Managing Director and the Executive Directors are
appointed by the Central Government. During the year under review the
Composition of the Board was as under:Smt. V. R. Iyer

Chairperson and Managing Director

Shri B.P. Sharma

Executive Director

Shri Arun Shrivastava


(from 05.08.2013)
Shri R. Koteeswaran
(from 05.08.2013)
Shri N. Seshadri
(upto 30.04.2013)
Shri M.S. Raghavan
(upto 05.07.2013)
Shri Anup Wadhawan
(from 26.07.2013)
Shri Umesh Kumar
(upto 25.07.2013)
Shri S. S. Barik
(from 13.03.2014)
Shri P.R. Ravi Mohan
(upto 12.03.2014)
Shri.Neeraj Bhatia

Executive Director

AeH$m{bH$ AemgH$s` {ZXoeH$


AeH$m{bH$ AemgH$s` {ZXoeH$
AeH$m{bH$ AemgH$s` {ZXoeH$
Ja-H$mJma H$Mmar {ZXoeH$

Shri K.K.Nair

Part-Time Non-Official Director

Shri R. L. Bishnoi

Part-Time Non-Official Director

Shri Harvinder Singh


(upto 31.01.2014)
Shri A.M. Pereira

Non-Workmen Employee Director

H$mJma H$Mmar {ZXoeH$


eo`aYmaH$ {ZXoeH$
eo`aYmaH$ {ZXoeH$
eo`aYmaH$ {ZXoeH$

Shri P.M. Sirajuddin

Shareholder Director

Shri Pramod Bhasin

Shareholder Director

A`j Ed ~Y {ZXoeH$
H$m`nmbH$ {ZXoeH$
H$m`nmbH$ {ZXoeH$
H$m`nmbH$ {ZXoeH$
H$m`nmbH$ {ZXoeH$
H$m`nmbH$ {ZXoeH$
Ho$XrZ` gaH$ma Ho$ Zm{Vr
Ho$Xr` gaH$ma Ho$ Zm{Vr
^maVr` [aOd ~H$ Ho$ Zm{Vr
^maVr` [aOd ~H$ Ho$ Zm{Vr

Executive Director
Executive Director
Executive Director
Nominee of the Central Government
Nominee of the Central Government
Nominee of Reserve Bank of India
Nominee of Reserve Bank of India
Part-Time Non-Official Director

Workmen Employee Director

Shri.Umesh Kumar Khaitan Shareholder Director

70

/ BANK OF INDIA

/ Annual Report 2013-14

A`j Ed ~Y {ZXoeH$ Ama H$m`nmbH$ {ZXoeH$m| H$mo N>moS>H$a {ZXoeH$ S>b |


eof g^r {ZXoeH$ ~moS> Ho$ Ja-H$m`nmbH$ {ZXoeH$ h&

All directors, other than the Chairperson & Managing Director and the
Executive Directors, are non-executive Directors on the Board.

H|$r` gaH$ma mam {Z`w$ AeH$m{bH$ AemgH$s` {ZXoeH$m| (H|$r` gaH$ma Ho$
A{V[aV) Ama eo`aYmaH$m| H$m {V{Z{Yd H$aZo dmbo {ZXoeH$ gyMrH$aU H$ama Ho$
IS> 49 Ho$ AW Ho$ AVJV dV {ZXoeH$ h&

The Directors representing shareholders of the Bank (other than the


Central Government) and the part time non official Directors appointed
by the Central Government are independent directors within the meaning
of Clause 49 of the Listing Agreement.

H$moB ^r {ZXoeH$ A` {H$gr {ZXoeH$ H$m g~Yr Zht h&

None of the Directors is a relative of other Director.

df Ho$ XmamZ ~H$ | H$m`JhU H$aZo dmbo {ZXoeH$m| H$m g{j


n[aM`

Brief Profile of the Directors who joined the Bank


during the year

lr AU lrdmVd H$m`nmbH$ {ZXoeH$


lr AU lrdmVd AmnHo$ ~H$ Ho$ H$m`nmbH$ {ZXoeH$ h& ~H$ Am$ B{S>`m |
H$m`JhU H$aZo go nyd lr lrdmVd 02 {gV~a, 2010 go ~H$ Am$ ~S>mXm |
hm~YH$ Ho$ $n | H$m`aV Wo& ChmoZo EEggr Ho$ gmW-gmW grEAmBAmB~r Ogr
`mdgm{`H$ AhVmE ^r m H$s h& Chm|Zo OZdar 1979 | grYo ^Vu A{YH$mar Ho$
$n | ~H$ Am$ ~S>mXm | H$m`JhU {H$`m Wm& ~qH$J Ho$ H$ar~ g^r w` IS>m|
| Chm|Zo H$m` {H$`m h, emImAm|, AmM{bH$ H$m`mb`m| Ama H$mnm}aoQ> H$m`mb`m|
| {d{^o jVmAm| | H$m` {H$`m h& {dXoer Ho$m| | Ho$`m | AZwfJr Ho$ ~Y
{ZXoeH$ Ho$ $n | H$m`aV Wo Ama `wJmS>m VWm VOm{Z`m | ~H$ H$s AZwfJr Ho$ ~moS>
| {ZXoeH$ ^r Wo&
lr Ama.H$moQ>raZ, H$m`nmbH$ {ZXoeH$
lr Ama. H$moQ>raZ, AmnHo$ ~H$ Ho$ H$m`nmbH$ {ZXoeH$ h& ~H$ Am$ B{S>`m |
H$m`JhU H$aZo go nyd lr H$moQ>raZ 01 {Xg~a, 2010 go ~H$ Am$ ~S>mXm |
hm~YH$ Ho$ $n | H$m`aV Wo& hm~YH$ Ho$ $n | 2010 | do AmBQ>r Ama
n[a`moOZmE {d^mJ Ho$ wI Wo& ~H$ Ho$ {bE S>mQ>m do`a hmCqgJ Ho$ gOZ | Chm|Zo
Ah ^y{H$m {Z^mB h& Ch| grAmaE, ggmYZ gJhU, {dnUZ, gn{m ~YZ Ama
amO^mfm {d^mJ H$m ~hV AZw^d h& Chm|Zo {dXoer Ho$ | H$m` {H$`m h Ama do 4
dfm] VH$ {H$gww emIm, Ho$`m Ho$ wI Wo&
lr AZyn dYmdZ
lr AZyn dYmdZ, C 52 df, 26 OwbmB, 2013 go ~H$ Ho$ ^maV gaH$ma Ho$
Zm{{V {ZXoeH$ h& lr dYmdZ, AWemZ | ZmVH$moma Ama nrEMS>r (AWem)
h& dVmZ | do {dmr` godmE {d^mJ, {dm mb`, ZB {Xt | g`w$ g{Md Ho$
$n | VZmV h&
lr Ama.Eb.{~ZmoB
lr Ama.Eb.{~ZmoB, C 53 df, H$mo 18.10.2013 go 3 dfm] Ho$ {bE H|$ gaH$ma
mam ~H$ Ho$ Ja-emgH$s` {ZXoeH$ Ho$ $n | {Z`w$ {H$`m J`m h& do EH$ {dkmZ
ZmVH$ h Ama dgm` go gZXr boImH$ma h VWm {dJV 30 dfm] go ~YZ
nameXmVm, {ejm gbmhH$ma Ama H$mamo~ma gbmhH$ma ^r h& AmBEgAmo mUrH$aU
Ho$ {bE do EH$ AhVmm AmH$bZH$Vm ^r h& do {d{^ `mnma gKm| VWm gdOZ
CnH$mar Ed YmW gKm| Ho$ gX` ^r h&
lr Eg.Eg.~m[aH$
lr Eg.Eg.~marH$, C 56 df, AWem | ZmVH$moma h& do ^maVr` [aOd ~H$,
nydm}ma am` Ho$ jor` {ZXoeH$ h& Bggo nyd do Ama~rAmB, Ho$r` H$m`mb`, w~B
Ho$ ~qH$J n[aMmbZ Ed {dH$mg {d^mJ | hm~YH$ Wo& 13.03.2014 go Ch| Ho$
gaH$ma mam ~H$ H$m {ZXoeH$ {Z`w {H$`m J`m h&

Shri Arun Shrivastava, Executive Director


Shri Arun Shrivastava is an Executive Director of your Bank. Prior to
the current assignment, Shri Shrivastava was General Manager, Bank
of Baroda from 2nd September, 2010 till he joined your bank. He is a
M.Sc. coupled with professional qualification of CAIIB, AIBM. He began
his journey at Bank of Baroda as Direct Recruit Officer and has worked
in almost all key segments of Banking, in various capacities at Branches,
Zonal Office and Corporate Office. He has worked in overseas centre as
Managing Director of Banks subsidiary in Kenya and also as Director on
the Board of Banks subsidiary in Uganda and Tanzania.
Shri R. Koteeswaran, Executive Director
Shri R. Koteeswaran is an Executive Director of your Bank. Prior to the
current assignment, Shri Koteeswaran was General Manager, Bank of
Baroda from December 01, 2010 till he joined your bank. As General
Manager, he was head of IT & Projects Department in 2010. He has
played a big role in creating the Data Warehousing for the bank. He has
rich experience in CRM, Resources Mobilisation, Marketing, Wealth
Management and Official Language Department. He had worked in
overseas centre and was heading Kisumu Branch in Kenya for 4 years.
Shri Anup Wadhawan
Shri Anup Wadhawan, aged 52 years, is a Government of Indias Nominee
Director of the Bank w.e.f. 26th July, 2013. Shri Anup Wadhawan is a Post
Graduate in Economics and also a Ph.D (Economics). He is presently
posted as Joint Secretary, Department of Finance Services, Ministry of
Finance, New Delhi.
Shri R. L. Bishnoi
Shri R. L. Bishnoi, aged 53 years, has been appointed by the Central
Government as part-time Non-official Director of the Bank for 3 years
w.e.f. 18.10.2013. A multi-faceted individual, he is a Science Graduate
and a Chartered Accountant by profession, is also a Management
Consultant, Educational Advisor and Business Advisor for past 30
years. He is also a Qualified Lead Assessor for ISO Certification. He
is a member of various trade associations as well as philanthropic and
charitable organisations.
Shri S. S. Barik
Shri S S Barik,56 years, is a Post Graduate in Economics. He is a
Regional Director of Reserve Bank of India, North Eastern States.
Prior to this, he was a General Manager in Department of Banking
Operations and Development, RBI, Central Office, Mumbai. He has
been appointed by the Central Govt. as a Director of the Bank w.e.f.
13.03.2014

71

/ BANK OF INDIA

/ Annual Report 2013-14


OTHER PARTICULARS OF DIRECTORS

{ZXoeH$m| Ho$ A` {ddaU


H$.
g.

{ZXoeH$m| Ho$ Zm

Name of Directors

SR.
No.

~H$ Ho$ {ZXoeH$ Ho$ n {deofkVm H$m jo


Area of
B{$Q>r | {Z`w{$ H$s
Expertise
eo`am| H$s
VmarI
Date of
Ym[aVm

A` H$n{Z`m| | {ZXoeH$ nX

Directorships of other Companies

Member of Board
Committees

Holding Appointment
as Director
of
Banks
Equity
shares

1. lrVr dr.Ama. A`a

05.11.2012

Smt.V.R.Iyer

gX`

~qH$J
Banking

18.06.2012

Shri B.P. Sharma

1) `y B{S>`m E`moa|g H$.{b.


2) ^maVr` Am`mV {Z`mV ~H$
3) ~rAmoAmB eo`ahmopS>J {b.
4) ~rAmoAmB Agm Bd|Q>|Q> ZoOg m.{b.
5) EgQ>rgrAmB $m`Zmg {b.
6) EgQ>rgrAmB mBar S>rba {b.

~qH$J
Banking

05.08.2013

Shri Arun
Shrivastava

4. lr Ama.H$moQ>raZ

05.08.2013

26.07.2013

13.03.2014

17.10.2011

800

04.05.2011
18.10.2013

Shri R. L. Bishnoi

emgZ

EJrH$Ma B`wag H$mnm}aoeZ Am$ B{S>m {b.


Agriculture Insurance Corporation of India

~qH$J
boIm
~qH$J
boIm
Accounting

600

18.07.2012

Shri A. M. Pereira
Shri P.M.
Sirajuddin

Banking

9. lr Ama.Eb.{~ZmoB

11. lr nr.E.{gamOwrZ

Accounting

Shri K K Nair

10. lr E.E.naoam

BOI AXA Investment Managers Pvt. Ltd.


Agriculture Finance Corporation Limited.
BOI Shareholding Ltd.
National Payment Corporation of India Limited.

Banking

Shri. Neeraj Bhatia

8. lr Ho$.Ho$.Zm`a

~qH$J

Administration

Shri S. S. Barik

7. lr ZraO ^m{Q>`m

New India Assurance Co. Ltd.


Export Import Bank of India
BOI Shareholding Limited.
BOI Axa Invesment Managers Pvt. Ltd.
STCI Finance Limited
STCI Primary Dealer Limited.

Banking

Shri Anup
Wadhawan

6. lr Eg.Eg.~m[aH$

Banking

Shri R.
Koteeswaran

5. lr AZyn dYmdZ

~qH$J

1) ~rAmoAmB Agm Bd|Q>|Q> ZoOg m.{b.


2) EJrH$Ma $mBZmg H$mnm}aoeZ {b.
3) ~rAmoAmB eo`ahmopS>J {b.
4) ZoeZb no|Q> H$mnm}aoeZ Am$ B{S>`m {b.
1.
2.
3.
4.

3. lr AU lrdmVd

A`j

Member Chairman

1.
2.
3.
4.
5.
6.

2. lr {~.nr. em

~moS> g{{V`m| Ho$


gX`

~qH$J
Banking

600

25.10.2011

{dm, emgZ $ab


Ho${S>Q>
Finance,
Administration,
Rural Credit

72

/ BANK OF INDIA

H$.
g.

{ZXoeH$m| Ho$ Zm

Name of Directors

SR.
No.

/ Annual Report 2013-14

~H$ Ho$ {ZXoeH$ Ho$ n {deofkVm H$m jo


Area of
B{$Q>r | {Z`w{$ H$s
Expertise
eo`am| H$s
VmarI
Date of
Ym[aVm

A` H$n{Z`m| | {ZXoeH$ nX

~moS> g{{V`m| Ho$


gX`

Directorships of other Companies

Member of Board
Committees

Holding Appointment
as Director
of
Banks
Equity
shares

12. lr moX ^grZ

200

25.10.2011

{~OZog mogog
ZoO|Q>
$m`Zpe`b
g{dgoO

Shri Pramod
Bhasin

Business Process
Management,
Financial
Services

13. lr Coe Hw$ma IVmZ

100

gX`

A`j

Member Chairman

25.10.2011

{d{Y

Shri Umesh Kumar


Khaitan

1) EZS>rQ>rdr {b.
2) S>rEbE$ {b.
3) EgAmaE$ {b.
4) X pH$b AHo$S>r {b.
1.
2.
3.
4.

NDTV Ltd.
DLF Ltd.
SRF Ltd.
The Skill Academy Ltd.

1) H$mVw nong {b.


2) gVbO Q>ogQ>mBg ES BS>pQO {b.
3) A`a Zrg a~a BQ>oQ> {b.
4) Zoh$ bog hmoQ>og {b.
5) AmoarEQ> A~o{gg {b.
6) H$~mBZ E`ygaoQ> $m`Zpe`b g{dgoO B{S>`m {b.
7) H$~mBZ AmodagrO {b.
8) ${ZMm Q>ogOQ>mBpg {b.
9) J{O`m~mX BdobQ|Q> {b.
1.
2.
3.
4.
5.
6.

Kauntum papers Ltd.


Sutluj Textiles & Industries Ltd.
Aiyer Manis Rubber Estate Ltd.
Nehru Place Hotels Ltd.
Orient Abrasives Ltd.
Combine Accurate Financial Services India
Ltd.
7. Combine Overseas Ltd.
8. Runeecha Textiles Ltd.
9. Ghaziabad Investment Limited.

gyMrH$aU H$ama Ho$ IS> 49 Ho$ AZwnmbZ |, ~H$ Zo Ho$db boIm narjm g{{V Ama
eo`aYmaH$/ {ZdoeH$ {eH$m`V {ZdmaU g{{V H$s A`jVm/gX`Vm na {dMma
{H$`m h&
~moS> H$s ~R>H$m| H$m gMmbZ :
df Ho$ XmamZ, {ZZ{bpIV VmarIm| H$mo ~moS> H$s Hw$b 12 ~R>H|$ Am`mo{OV H$s JB:
17.04.2013
18.11.2013

13.05.2013
17.12.2013

20.06.2013
17.01.2014

~moS> ~R>H$m| | {ZXoeH$m| H$s CnpW{V H$m {ddaU {ZZmZwgma h:


[ZXoeH$m| Ho$ Zm
lrVr dr. Ama. A`a
lr {~.nr. em
lr A$U lrdmVd
lr Ama.H$moQ>raZ
lr EZ. eofmr

In compliance of Clause 49 of the Listing Agreement the Bank has


considered the Chairmanship/Membership of the Audit Committee and
the Investors/Shareholders Grievance committee alone.
Conduct of Board Meetings :
During the year, 12 Board Meetings were held on the following dates:
26.07.2013
06.09.2013
30/31.10.2013
29/30.01.2014
18.02.2014
25.03.2014
Details of attendance of the Directors at the Board Meetings are as
follows:

CnpW{V H$m A{^boI

CZHo$ H$m`H$mb Ho$ XmamZ Am`mo{OV ~R>H|$


Meetings held during their tenure

Period (From To)

Smt. V. R. Iyer

12

12

01.04.2013 to 31.03.2014

Shri B.P. Sharma

10

12

01.04.2013 to 31.03.2014

Shri Arun Shrivastava

05.08.2013 to 31.03.2014

Shri R. Koteeswaran

05.08.2013 to 31.03.2014

Shri N. Seshadri

01.04.2013 to 30.04.2013

Name of Directors

Attendance Recorded

73

Ad{Y go VH$

/ BANK OF INDIA

[ZXoeH$m| Ho$ Zm

Name of Directors

/ Annual Report 2013-14

CnpW{V H$m A{^boI

Attendance Recorded

3
lr E. Eg. amKdZ Shri M.S.Raghavan
Shri
Anup
Wadhawan
5
lr AZyn dYmdZ
Shri
Umesh
Kumar
3
lr Coe Hw$ma
Shri S. S. Barik
1
lr Eg.Eg.~m[aH$
Shri
P.R.
Ravi
Mohan
9
lr nr. Ama. a{d mohZ
Shri Neeraj Bhatia
11
lr ZraO ^m{Q>`m
Shri
K.
K.
Nair
11
lr Ho$.Ho$. Zm`a
6
lr Ama.Eb.{~ZmoB Shri R. L. Bishnoi
Shri
Harvinder
Singh
10
lr haqdXa qgh
Shri A. M. Pereira
11
lr E. E. naoam
Shri
P.M.
Sirajuddin
12
lr nr. E. {gamOwrZ
Shri Pramod Bhasin
8
lr moX ^grZ
Shri
Umesh
Kumar
Khaitan
9
lr Coe Hw$ma IoVmZ
{ZXoeH$m|/H$m`nmbH$m| H$s g{{V/Cn g{{V
H$mnm}aoQ> emgZ Ama OmopI ~YZ na ^maVr` [aOd ~H$/go{~/^maV gaH$ma Ho$
{Xem{ZX}em| Ho$ AZw$n H$m`Zr{VH$ hd dmbo Ho$ {d{^ jom| na `mZ XoZo hoVw ~H$
Ho$ {ZXoeH$ S>b Zo {ZXoeH$m| Ed/`m H$m`nmbH$m| H$s {d{^ g{{V`m| H$m JR>Z {H$`m
h& `o hdnyU g{{V`m {ZZmZwgma h :1. ~moS> H$s ~YZ g{{V
2. ~moS> H$s F$U AZwmoXZ g{{V
3. ~moS> H$s boIm narjm g{{V
4. eo`a YmaH$ {ZdoeH$m| H$s {eH$m`V {ZdmaU g{{V
5. eo`a AVaU g{{V
6. OmopI ~YZ hoVw {ZXoeH$m| H$s g{{V
7. JmhH$ godmAm| hoVw {ZXoeH$m| H$s g{{V
8. {ZXoeH$m| H$s nm[al{H$ g{{V
9. {ZXoeH$m| H$s ZmmH$Z g{{V
10. H$mamo~ma grjm g{{V 1
11. {Zdoe AZwmoXZ g{{V
12. ~So> y` H$s YmoImY{S>`m| H$s {ZJamZr
13. AmBQ>r H$m`Zr{V g{{V
14. {ZXoeH$m| H$s nXmo{V g{{V
~moS> H$s ~YZ g{{V :
~moS> H$s ~YZ g{{V H$m JR>Z ~H$H$mar H$nZr (CnH$m| H$m AOZ Ama AVaU)
A{Y{Z`, 1970 Ho$ mdYmZm| Ho$ AZwgma {H$`m J`m h Ama dh {dmr` drH${V`m|,
gPmVm|/~>m Vmdm|, dmX/Anrb Xm`a H$aZo Am{X Ho$ g~Y | ~moS> H$mo m g^r
A{YH$mam| H$m `moJ H$aVr h& `Wm {XZmH$ 31.03.2014 H$mo Bg g{{V | 9 gX`
Wo {OZ| A`>j Ed ~Y {ZXoeH$, 3 H$m`nmbH$ {ZXoeH$, gZXr boImH$ma {ZXoeH$,
^maVr` [aOd ~H$ Ho$ Zm{Vr Ama 3 AeH$m{bH$ AemgH$s` {ZXoeH$ em{b h&
df Ho$ XmamZ ~moS> ~YZ g{{V H$s {ZZn{bpIV VmarIm| H$mo 22 ~R>H|$ hB :
17.04.2013
01.08.2013
17.12.2013
25.03.2014

06.05.2013
27.08.2013
24.12.2013

29.05.2013
16.09.2013
13.01.2014

CZHo$ H$m`H$mb Ho$ XmamZ Am`mo{OV ~R>H|$

Ad{Y go VH$

Meetings held during their tenure

Period (From To)

01.04.2013 to 05.07.2013

26.07.2013 to 31.03.2014

01.04.2013 to 25.07.2013

13.03.2014 to 31.03.2014

11

01.04.2013 to12.03.2014

12

01.04.2013 to 31.03.2014

12

01.04.2013 to 31.03.2014

18.10.2013 to 31.03.2014

10

01.04.2013 to 31.01.2014

12

01.04.2013 to 31.03.2014

12

01.04.2013 to 31.03.2014

12

01.04.2013 to 31.03.2014

12

01.04.2013 to 31.03.2014

Committee / Sub Committee of Directors / Executives


The Board of Directors of the Bank has constituted various committees
of directors and / or executives to look into different areas of strategic
importance in terms of Reserve Bank of India / SEBI / Government of
India Guidelines on Corporate Governance and Risk Management. The
important committees are as under:
1. Management Committee of the Board
2. Credit Approval Committee of the Board
3. Audit Committee of the Board
4. Shareholders Investors Grievance Committee
5. Share Transfer Committee
6. Committee of Directors for Risk Management
7. Committee of Directors for Customer Services
8. Remuneration Committee of Directors
9. Nomination Committee of Directors
10. Business Review Committee
11. Investment Approval Committee
12. Monitoring on Large Value Frauds
13. IT Strategy Committee
14. Directors Promotion Committee
Management Committee of the Board :
The Management Committee of the Board is constituted as per the
provisions of the Banking Companies (Acquisition and Transfer of
Undertakings) Act, 1970 and it exercises all the powers vested in
the Board in respect of financial sanctions, compromises/write off
proposals and filing of suits/appeals etc. As on 31.3.2014 it comprised
of 9 members consisting of the Chairperson and Managing Director, 3
Executive Directors, Chartered Accountant Director, nominee of RBI and
3 part time non-official Directors.

The Management Committee of the Board met 22 times during the year
on the following dates:
06.06.2013
20.06.2013
29.06.2013
18.07.2013
25.09.2013
19.10.2013
11.11.2013
30.11.2013
29.01.2014
18.02.2014
03.03.2014
12.03.2014

74

/ BANK OF INDIA

/ Annual Report 2013-14

`oH$ gX` H$s CnpW{V H$m A{^boI {ZZ{bpIV AZwgma h:


{ZXoeH$m| Ho$ Zm

Attendance record of the members is shown below:

CnpW{V H$m A{^boI

CZHo$ H$m`H$mb Ho$ XmamZ Am`mo{OV ~R>H|$


Meetings held during their tenure
22

Period (From To)


01.04.2013 to 31.03.2014

Shri B.P. Sharma

15

22

01.04.2013 to 31.03.2014

Shri Arun Shrivastava

13

14

05.08.2013 to 31.03.2014

Shri R. Koteeswaran

11

14

05.08.2013 to 31.03.2014

Shri N.Seshadri

01.04.2013 to 30.04.2013

Shri M.S.Raghavan

01.04.2013 to 05.07.2013

Shri S. S. Barik

13.03.2014 to 31.03.2014

Shri P.R. Ravi Mohan

16

21

01.04.2013 to 12.03.2014

Shri Neeraj Bhatia

22

22

01.04.2013 to 31.03.2014

17

Name of Directors

Attendance Record
22

Ad{Y (go-VH$)

lrVr dr. Ama. A`a


lr {~.nr. em
lr A$U lrdmVd
lr Ama.H$moQ>raZ
lr EZ. eofmr
lr E. Eg. amKdZ
lr Eg.Eg.~m[aH$
lr nr. Ama. a{d mohZ
lr ZraO ^m{Q>`m
lr Ho$.Ho$. Zm`a

Smt. V.R. Iyer

Shri K. K. Nair

16

lr
lr
lr
lr

Shri R. L. Bishnoi

01.04.2013 to 18.07.2014
08.11.2013 to 31.03.2014
19.01.2014 to 31.03.2014

Shri Harvinder Singh

10

01.04.2013 to 21.09.2013

Ama.Eb.{~ZmoB
haqdXa qgh
E. E. naoam
nr. E. {gamOwrZ

lr Coe Hw$ma IoVmZ

Shri A.M. Pereira

10

19.07.2013 to 18.01.2014

Shri P.M. Sirajuddin

11

11

Shri Umesh Kumar Khaitan

11

16

08.05.2013 to 07.11.2013
22.03.2014 to 31.03.2014
01.04.2013 to 01.07.2013
08.11.2013 to 31.03.2014

~moS> H$s F$U AZwmoXZ g{{V:


^maV gaH$ma, {dm mb`, {dmr` godmE {d^mJ, ZB {Xr H$s ggyMZm gX^
g.13/1/2006-~rAmo.1 {XZm{H$V 31 OZdar, 2012, mam Omar {ZXoem| Ho$ AZwgma
~H$ Zo ~moS> H$s F$U AZwmoXZ g{{V H$m JR>Z {H$`m& `h F$U AZwmoXZ g{{V
hmao ~H$ Ho$ mbo | `400 H$amoS> VH$ Ho$ {H$gr EH$b F$U Vmd Ho$ ~mao | ~moS>
Ho$ A{YH$mam| H$m BVomb H$aoJr Ama Eogr grmAm| go A{YH$ Ho$ Vmdm| na ~YZ
g{{V mam {dMma {H$`m OmEJm&
A`j Ed ~Y {ZXoeH$, H$m`nmbH$ {ZXoeH$JU, Ho${S>Q> Ho$ ^mar A{YH$mar
hm~YH$, {dm Ho$ ^mar hm~YH$ Ama OmopI ~YZ Ho$ ^mar hm~YH$
Bg g{{V Ho$ gX` h& Bg g{{V H$s ~R>H$m| H$s A`jVm ~H$ H$s A`j Ed
~Y {ZXoeH$ H$aVr h&df Ho$ XmamZ F$U AZwmoXZ g{{V H$s {ZZ{bpIV VmarIm|
H$mo 36 ~R>H|$ hB :
08.04.2013
02.07.2013
14.09.2013
03.12.2013
28.01.2014
29.03.2014

29.04.2013
09.07.2013
24.09.2013
07.12.2013
05.02.2014

{ZXoeH$m| Ho$ Zm

Name of Directors

lrVr dr. Ama. A`a


lr {~. nr. em
lr AU lrdmVd
lr Ama. H$moQ>raZ
lr EZ eofmr
lr E. Eg. amKdZ

Smt. V R Iyer

16.05.2013
17.07.2013
30.09.2013
21.12.2013
14.02.2014

Credit Approval Committee of the Board:


The Bank has constituted the Credit Approval Committee of the Board
in accordance with the directions of the Government of India, Ministry
of Finance, Department of Financial Services, New Delhi, vide their
communication reference No.13/1/2006-BO.1 dated 31st January 2012.
The Credit Approval Committee performs the critical function and
exercise the powers of the Board in respect of any single credit proposal
up to `400 crore in case of our Bank. In case of exposure where it
exceeds such limits, the same shall be considered by the Management
Committee.
The members of the committee are the Chairperson and Managing
Director, the Executive Directors, The General Manager in-charge of
the credit, The General Manager in-charge of Finance and the General
Manager in-charge of Risk Management. The committee meetings are
being chaired by the Chairperson and Managing Director of the Bank.
Credit Approval Committee of the Board met 36 times during the year on
the following dates:

29.05.2013
31.07.2013
18.10.2013
31.12.2013
25.02.2014

03.06.2013
14.08.2013
30.10.2013
10.01.2014
10.03.2014

15.06.2013
17.08.2013
11.11.2013
17.01.2014
18.03.2014

CnpW{V H$m A{^boI CZHo$ H$m`H$mb Ho$ XmamZ Am`mo{OV ~R>H|$

24.06.2013
02.09.2013
23.11.2013
23.01.2014
26.03.2014

Ad{Y

Attendance Record
36

Meetings held during their tenure


36

Period
01.04.2013 to 31.03.2014

Shri B P Sharma

20

36

01.04.2013 to 31.03.2014

Shri Arun Shrivastava

24

25

05.08.2013 to 31.03.2014

Shri R. Koteeswaran

20

25

05.08.2013 to 31.03.2014

Shri N. Seshadri

01.04.2013 to 30.04.2013

Shri M S Raghavan

01.04.2013 to 05.07.2013

75

/ BANK OF INDIA

/ Annual Report 2013-14

~moS> H$s boIm narjm g{{V :


~moS> H$s boIm narjm g{{V (Egr~r) H$m JR>Z ^maVr` [aOd ~|H$ Ho$ {Xem{ZX}em| Ho$
AZwgaU | {ZXoeH$ S>b mam {H$`m J`m h& `h Egr~r {ZXoe XoVr h VWm ~H$ Ho$
gnyU boIm-narjm H$m` Ho$ n[aMmbZ H$m n`dojU ^r H$aVr h&
boIm narjm g{{V | 7 gX` h, AWmV H$m`nmbH$ {ZXoeH$JU, Ho$r` gaH$ma
mam Zm{Vr {ZXoeH$, ^maVr` [aOd ~H$ Ho$ Zm{Vr {ZXoeH$ Ama 2 AeH$m{bH$
AemgH$s` {ZXoeH$& gZXr boImH$ma {ZXoeH$ lr ZraO ^m{Q>`m ~moS> H$s boIm narjm
g{{V Ho$ dVmZ A`j h& df Ho$ XmamZ {ZZ{bpIV VmarIm| H$mo boIm narjm
g{{V H$s 10 ~R>H|$ hB :
17.04.2013
31.10.2013

13.05.2013
17.12.2013

20.06.2013
30.01.2014

26.07.2013
01.08.2013
24.09.2013
03.03.2014
The attendance record of the members is shown below:

gX`m| H$s CnpW{V H$m A{^boI {ZZmZwgma h :


{ZXoeH$m| Ho$ Zm

Name of Directors

CnpW{V H$m A{^boI CZHo$ H$m`H$mb Ho$ XmamZ Am`mo{OV ~R>H|$


Attendance Record
10

19.06.2013

Period
01.04.2013 to 31.03.2014

10

01.04.2013 to 31.03.2014

05.08.2013 to 31.03.2014

05.08.2013 to 31.03.2014

01.04.2013 to 30.04.2013

01.04.2013 to 05.07.2014

26.07.2013 to 31.03.2014

01.04.2013 to 25.07.2014

13.03.2013 to 31.03.2014

10

01.04.2013 to 12.03.2014

nr. E. {gamOwrZ
{~. nr. em
AU lrdmVd
Ama. H$moQ>raZ
E. Eg. amKdZ
Coe Hw$ma IVmZ

08.11.2013 to 31.03.2014

01.04.2013 to 07.11.2013

24.12.2013

gX`m| H$s CnpW{V H$m A{^boI {ZZ{bpIV h:

lr
lr
lr
lr
lr
lr

Unaudited quarterly results of the Bank and audited results for the year
were reviewed by the Audit Committee of the Board prior to the placing
before the Board of Directors for adoption.
Stake holders relationship Committee (Shareholders Investors
Grievances Committee) :
For redressal of the grievances of the shareholders/ investors with regard
to the transfer of shares, non-receipt of Balance sheet, non-receipt of
dividends etc., a Shareholders / Investors Grievances Committee has
been constituted, in compliance with SEBI guidelines on Corporate
Governance and as provided in clause 49 of the Listing Agreement.
Investors grievances are normally attended to within seven days on
receipt of the relevant information. All the references/ complaints received
from the investors during the year have been replied / redressed till date.
The Committee comprises of Executive Directors and two independent
Directors. It is headed by Shri P M Sirajuddin, Shareholder Director of
the Bank.
Shri Rajeev Bhatia, Company Secretary, is the Compliance officer of the
Bank for this purpose.
The Committee met 4 times during the year on the following dates:

06.09.2013

Name of Directors

Ad{Y

Meetings held during their tenure


10

Shri Neeraj Bhatia


lr ZraO ^m{Q>`m
Shri B. P. Sharma
9
lr {~. nr. em
Shri
Arun
Shrivastava
4
lr AU lrdmVd
Shri
R.
Koteeswaran
3
lr Ama. H$moQ>raZ
Shri N. Seshadri
1
lr lr EZ eofmr
3
lr E. Eg. amKdZ Shri M.S.Raghavan
Shri
Anup
Wadhawan
4
lr AZyn dYmdZ
Shri Umesh Kumar
2
lr Coe Hw$ma
Shri
S.
S.
Barik
lr Eg Eg ~m[aH$
8
lr nr Ama a{dmohZ Shri P.R.Ravi Mohan
3
lr Ama Eb {~ZmooB Shri R. L. Bishnoi
Shri
Pramod
Bhasin
3
lr moX ^grZ
~H$ Ho$ Ja-boIm nar{jV {Vmhr n[aUmm| Ama df Ho$ boIm nar{jV n[aUmm| H$s
~moS> mam dr H$ma {H$E OmZo hoVw CZHo$ gj VwV H$aZo Ho$ nhbo ~moS> H$s boIm
narjm g{{V mam grjm H$s JB
Q>oH$hmoS>a g~Y g{{V (eoaYmaH$mo d {ZXoeH$mo H$mo {eH$mV {ZdmaU
g{{V):
H$mnm}aoQ> {Z`U na go~r Ho$ {Xem{ZX}em| Ho$ VhV Q>mH$$ EgM|O Ho$ gyMrH$aU H$ama
Ho$ IS> 49 Ho$ AZwnmbZ | eo`am| Ho$ AVaU, VwbZ-n H$s Am{, bm^me H$s
Am{ B`m{X go g~{YV {eH$m`Vm| Ho$ {ZdmaU Ho$ {bE eo`aYmaH$m|/{ZdoeH$m| H$s
EH$ {eH$m`V {ZdmaU g{{V H$m JR>Z {H$`m J`m h& df Ho$ XmamZ {ZdoeH$m| go A~
VH$ m g^r {eH$m`Vm|/gX^m] H$m Cma {X`m J`m/{ZnQ>m`m J`m& g~{YV OmZH$mar
mV hmo OmZo Ho$ ~mX m`:gmV {XZm| Ho$ AXa {ZdoeH$m| H$s {eH$m`V| na H$madmB H$s
OmVr h& Bg g{{V | H$m`nmbH$ {ZXoeH$JU Ama Xmo dV {ZXoeH$ h& ~H$ Ho$
eo`aYmaH$ {ZXoeH$ lr nr. E. {gamOwrZ Bg g{{V Ho$ A`j h&
lr amOrd ^m{Q>`m, H$nZr g{Md, Bg Co` Ho$ {bE ~H$ Ho$ AZwnmbZ A{YH$mar h&
df Ho$ XmamZ {ZZ{bpIV VmarIm| na g{{V H$s 4 ~R>H|$ Am`mo{OV H$s JB:

{ZXoeH$m| Ho$ Zm

Audit Committee of the Board :


The Audit Committee of the Board (ACB) has been constituted by the
Board of Directors as per the guidelines of the Reserve Bank of India.
The ACB provides direction and also oversees the operation of the total
audit function of the Bank.
The Audit Committee comprises of 7 members viz. Executive Directors,
Government Nominee Director, Reserve Bank of India Nominee Director
and 2 non official part time directors, Shri Neeraj Bhatia, Chartered
Accountant Director is the present Chairman of the Audit Committee of
the Board. During the year, the Audit Committee met 10 times on the
following dates:

03.03.2014

The attendance record of the members is shown below:

CnpW{V H$m A{^boI CZHo$ H$m`H$mb Ho$ XmamZ Am`mo{OV ~R>H|$

Ad{Y

Attendance Record
4
4
2

Meetings held during their tenure


4
4
3

Period
01.04.2013 to 31.03.2014
01.04.2013 to 31.03.2014
05.08.2013 to 31.03.2014

Shri R. Koteeswaran
Shri. M.S.Raghavan

3
1

3
1

05.08.2013 to 31.03.2014
01.04.2013 to 05.07.2013

Shri Umesh Kumar Khaitan

01.04.2013 to 31.03.2014

Shri P. M. Sirajuddin
Shri B.P. Sharma
Shri. Arun Shrivastava

76

/ BANK OF INDIA

/ Annual Report 2013-14

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{ZXoeH$ h& df Ho$ XmamZ {ZpZ{bpIV VmarIm| H$mo g{{V H$s 9 ~R>H$ hB &
06.05.2013
17.12.2013

29.05.2013
30.01.2014

lr AbmoH$ {lm

nXZm

2012-13 Ho$
{dmro` df
XmamZ godm 2012-13 Ho$ {bE
Ho$ {XZm| H$s H$m`{ZnmXZ g~
g`m
mogmhZ
6 hrZo
3,50,000.00

A`j Ed ~Y
{ZXoeH$
lrVr dr Ama
A`j Ed ~Y 4 hrZo 26 {XZ
2,83,889.00
A`a
{ZXoeH$
lr EZ eofm{
H$m`nmbH$ {ZXoeH$ 12 hrZo
5,50,000.00
lr E Eg amKdZ H$m`nmbH$ {ZXoeH$ 12 hrZo
5,50,000.00
lr {~.nr.em
H$m`nmbH$ {ZXoeH$ 9 hrZo 13 {XZ
4,32,361.00
{ZXoeH$m| H$s ZmmH$Z g{{V
~H$H$mar H$nZr (CnH$m| H$m AOZ Ama AVaU) A{Y{Z` 1970/80 H$s Ymam
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| VrZ {ZXoeH$ (g^r dV/Ja H$m`nmbH$ {ZXoeH$) h& {dmr` df 2013-14 Ho$
XmamZ g{{V Zo eo`aYmaH$ {ZXoeH$m| Ho$ {$Q> Ed mona pW{V H$m nVm bJmZo Ho$ {bE
EH$ ~ma 20.06.2013 H$mo ~R>H$ H$s&

25.09.2013

19.10.2013

Committee of Directors for Risk Management


This committee was formed to review and evaluate the overall risks
assumed by the Bank. It comprises of Chairperson & Managing Director,
Executives Directors and two part time non official directors. The
committee met 4 times during the financial year on the following dates
24.12.2013

03.03.2014

Committee of Directors for Customer Services


This committee is constituted to evaluate the level of customer services
in the Bank. It comprises of Chairperson & Managing Director, Executive
Directors and three other part time non official Directors. The committee
met 4 times during the financial year on the following dates

25.09.2013

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mmH$ mZXS>m| na AmYm[aV h& C$ {ZXoe Ho$ AZwnmbZ Ho$ {bE df Ho$ XmamZ
H$m`{ZnmXZ Ho$ y`mH$Z Ama Xr OmZo /^wJVmZ H$s OmZo dmbr mogmhZ aH$ Ho$
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g{{V Zo 20.06.2013 H$mo ~R>H$ H$s Ama {ZZ{bpIV nyUH$m{bH$ {ZXoeH$m| H$mo {XE
JE `mao Ho$ AZwgma mogmhZ ^wJVmZ H$aZo H$m {ZU` {b`m:
Zm

27.08.2013

01.08.2013

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~H$ | JmhH$ godm Ho$ Va H$m y`mH$Z H$aZo Ho$ {b Bg g{{V H$m JhZ {H$`m
J`m Wm& Bg g{{V | ` Ed ~Y {ZXoeH$, H$m`nmbH$ {ZXoeH$JU Ama VrZ
A` AeH$m{bH$ Ja gaH$mar {ZXoeH$ h& H$m` Ho$ XmamZ {ZZ{bpIV VmarIm| H$mo
g{{V H$s 4 ~R>H|$ hB&
19.06.2013

It comprises of Chairperson and Managing Director, Executive Directors


and two other Director. The committee met 9 times during the financial
year on the following dates

18.07.2013
03.03.2014

OmopI ~YZ Ho$ {bE {ZXoeH$m| H$s g{{V


Bg g{{V H$m JR>Z ~H$ mam {bE JE gVZ OmopIm| H$s grjm Ama y`mAmH$Z
H$aZo Ho$ {bE {H$`m J`m Wm& Bg g{{V | A`j Ed ~Y {ZXoeH$, H$m`nmbH$
{ZXoeH$JU Ama Xmo AeH$m{bH$ Ja gaH$mar {ZXoeH$ h& df Ho$ XmamZ VmarIm| H$mo
g{{V H$s 4 ~R>H|$ hB&
19.06.2013

Share Transfer Committee

24.12.2013

25.03.2014

Remuneration Committee of Directors


Government of India announced Performance Linked Incentive Scheme
for Whole Time Directors of Public Sector Banks. The incentive is
based on certain qualitative as well as quantitative parameters fixed
for Performance Evaluation Matrix on the basis of the Statement of
intent on goals and benchmarks based on various compliance reports
during the previous financial year. In compliance of the said directive, a
remuneration Committee of the Board was constituted for evaluation of
the performance and incentive amount to be awarded / paid during the
year.
It comprises of Govt. Nominee Director, RBI Nominee Director and three
other part time no official directors. For last year ended 31.03.2013,
the committee met on 20.06.2013 and decided to pay incentive to the
following whole-time directors as per details given below:
Name

Mr. Alok Misra

Designation

Number of
Performance
days served Linked Incentive
during
for the financial
2012-13
year 2012-13 (Rs.)
6 months
3,50,000.00

Chairman &
Managing
Director
Mrs. V R Iyer
Chairperson
4 months
& Managing
26 days
Director
Mr. N.
Executive
12 Months
Seshadari
Director
Mr. M S
Executive
12 Months
Raghavan
Director
Mr. B P Sharma Executive
9 Months
Director
13 days
Nomination Committee of Directors

2,83,889.00

5,50,000.00
5,50,000.00
4,32,361.00

Under the provisions of Section 9 (3) (i) of Banking Companies


(Acquisition and Transfer of Undertakings) Act, 1970/80, the Reserve
Bank of India has laid down Fit and Proper criteria to be fulfilled by
the persons to be elected as directors on the boards of the Nationalised
Banks. In terms of the said guidelines, a Nomination Committee consists
of three directors (all independent / non-executive directors). During
the Financial Year 2013-14 the committee met once on 20.06.2013 to
ascertain the `Fit & Proper status of Shareholders Directors.

77

/ BANK OF INDIA

/ Annual Report 2013-14

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AeH$m{bH$ Ja gaH$mar {ZXoeH$ h& grjmYrZ df Ho$ XmamZ {ZZ{bpIV VmarIm|
| ~R>H|$ hB&
6.5.2013

19.06.2013

Business Review Committee


The Committee was formed to review the regulatory calendar items
periodically. This committee consists of The Chairperson and Managing
Director, Executive Directors and three other Part time non official
Directors. During the year under review, it met on following dates.

27.08.2013

19.10.2013

24.12.2013

3.3.2014

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g{{V | A`j Ed ~Y {ZXoeH$, H$m`nmbH$ {ZXoeH$JU, hm~YH$ (OmopI
~YZ) Ama hm~YH$ ({dm>) h& grjmYrZ df Ho$ XmamZ {ZZ{bpIV VmarIm|
H$mo g{{V H$s ~R>H$ hB&
29.04.2013

14.05.2013

25.05.2013

Investment Approval Committee


The Investment Approval Committee was formed to take investments
decisions. It consists of The Chairperson and Managing Director,
Executive Directors General Manager (Risk Management) and General
Manager (Finance). During the year under review, it met on following
dates
17.06.2013
17.08.2013
28.01.2014

~S>o y` dmbo YmoImY{S>`m| H$s {ZJamZr


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Ho$ XmamZ {ZZ{bpIV VmarIm| | ~R>H$ hB &
19.06.2013

Monitoring on Large Value Frauds


This Committee was formed to monitor large value frauds. It consists of
The Chairperson and Managing Director, Executive Directors and three
part time non official directors of the Bank. It meets on quarterly interval.
During the financial year it met on the following dates

25.09.2013

AmBQ>r H$mZr{V g{Vr


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g{{V ~ZmB JB& Bg| H$mnmbH$ {ZXoeH$ Ed Xmo AeH$mbrZ Am{YH$V {ZXoeH$
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Zm{{V {ZXoeH$ gX` h &
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nr.E. {gamOwrZ, lr Ho$.Ho$. Zm`a, lr haqdXa qgh Ama lr Coe Hw$ma IVmZ
{XZmH$ 29.06.2013 H$mo hB ~H$ H$s {nN>br AWmV ghdt dm{fH$ Am ~R>H$ |
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H$m`H$bmnm| na H$madmB hmao nOr`H$ Ed AVaU EO|Q> Ho$ H$m`mb` | H$s OmVr h&
BZ| go {H$gr XVmdoO H$mo Om H$aZo Ama {H$gr ^r nyN>VmN>/{eH$m`V/H${R>ZmB`m|
Ho$ g~Y | eo`aYmaH$m| Ed {ZdoeH$m| go {ZZ{bpIV nVo na gnH$ H$aZo H$m AZwamoY h :

24.12.2013

25.03.2014

IT Strategy Committee
This committee was formed in compliance of guidelines issued by
Reserve Bank of India to take Decision on IT Strategies and to monitor
the development in the area of IT Projects. It consists of Executive
Directors and two part time non official directors. It meets on quarterly
interval.
Directors Promotion Committee
The Members of this committee are the Chairperson and Managing
Director, Government Nominee Director and RBI Nominee Director.
Attendance of the Directors at the last Annual General Meeting
Smt. V. R. Iyer, Shri M S Raghavan, Shri B P Sharma, Shri Neeraj
Bhatia, Shri P M Sirajuddin, Shri K K Nair Shri Harvinder Singh and
Shri Umesh Kumar Khaitan attended the last i.e., Seventeenth Annual
General Meeting of the Bank held on 29.06.2013
Share Transfers and Redressal of Shareholders`/Investors`
Grievances:
Share Transfers, Dividend / interest payments and all other investor
related activities are attended to and processed at the office of our
Registrar and Transfer Agents. For submitting of any of these documents
and for queries/ complaints /grievances, shareholders and investors are
requested to contact

B{$Q>r eo`am| Ho$ {bE


eo`amo g{dgog (B{S>`m) m.{b. `y{ZQ> : ~H$ Am$ B{S>`m, 13, E ~r, g{hVm
do`ahmCqgJ H$mnbog, Xygar {Ob, gmH$sZmH$m Q>obr$moZ EgM|O Ho$ nmg,
AYoar Hw$bm amoS>, gmH$sZmH$m, AYoar nyd,w~B -400072.$moZ 022-67720300,
$ga 022-28591568, B ob : sharepro@shareproservices.com
AWdm Bg na
eo`amo g{dgog (B{S>`m) m.{b,. {ZdoeH$ gnH$ Ho$, 912, ahoOm g|Q>a, $s og
OZb hmCg,ZarZ nmBQ> w~B-400021.
~mS>>/{S>~|Ma Ho$ {bE
{~Jeo`a g{dgog m.{b B-2, AZgm BS>pQ`b EQ>odQ>, gmH$sZmH$m, AYoar
(nyd) w~B- 400072 $moZ -022-4043200, $g 022-28475207
B ob : info@bigshareonline.com
Cn`w$ Ho$ Abmdm, {ZdoeH$ {ZZ{bpIV nVo na ~H$ Ho$ eo`a {d^mJ go ^r gnH$
H$a gH$Vo h:

For Equity Shares


Sharepro Services (India) Pvt. Ltd. , Unit-Bank of India, 13AB, Samhita
Warehousing Complex 2nd Floor, Near Sakinaka Telephone Exchange,
Off. Andheri Kurla Road, Sakinaka, Andheri (East), Mumbai 400
072 Phone 022-67720300, Fax- 022-28591568, E-mail : sharepro@
shareproservices.com
OR at
Sharepro Services (India) Pvt. Ltd., Investor Relation Centre, 912,
Raheja Centre, Free Press Journal House, Nariman Point, Mumbai
400 021.
For Bonds/ Debentures
Bigshare Services Pvt. Ltd. E-2, Ansa Industrial Estate, Sakinaka,
Andheri (E) Mumbai-400 072 Phone-022-4043200, Fax-022-28475207
Email: info@bigshareonline.com
Apart from the above, investors may also contact the Bank at its Share
Department at

Q>ma hmCg,8 dt {Ob, nydu IS>, gr-5, Or bmH$, ~mm Hw$bm gHw$b, ~mm
(nyd) w~B - 400 051, $moZ 022-66684444, $g$- 022-66684491,
B-ob : headoffice.share@bankofindia.co.in

Star House, 8th Floor, East Wing, C-5, G Block, Bandra-Kurla


Complex, Bandra (E), Mumbai 400 051, Phone 022-66684444,
Fax- 022-66684491, E-mail: headoffice.share@bankofindia.co.in

78

/ BANK OF INDIA

/ Annual Report 2013-14

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Ama CZHo$ {Z`mH$ m{YH$m[a`m| mam Omar Vg~Yr {Xem{ZX}em| H$m CKZ Z H$a|&
i)

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g{{V ~R>H$m| Ho$ {bE

:
:

`
`

With a view to speed up the share transfer system for the better investors
services, Bank is processing the transfer / transmission of shares
on weekly basis and reports the matter to Share Transfer Committee
on monthly basis. The Share Transfer committee is comprising of the
Chairperson & Managing Director and in her absence Executive Director
of the Bank and two other directors in terms of the provisions of Bank
of India (Shares & Meetings) Regulations, 2007. The committee met 12
times in the year. All the share certificates received for transfer up to
31.03.2014 have been processed and dispatched.
General Body Meetings:
Nature of Meeting
1 Extra ordinary General
Meeting

Date & Time


Venue
03.12.2013 Bank of India Auditorium,
11.00 A.M. Star House, Bandra
Kurla Complex, Mumbai
400 051.
Seventeenth Annual
29.06.2013 Bank of India Auditorium,
General Meeting
11.00 A.M. Star House, BandraKurla Complex, Mumbai
400 051.
Extra ordinary General
01.03.2013 Bank of India Auditorium,
Meeting
3.00 P.M. Star House, Bandra
Kurla Complex, Mumbai
400 051.
Sixteenth Annual
29.06.2012 Bank of India Auditorium,
General Meeting
3.00 P.M. Star House, BandraKurla Complex, Mumbai
400 051.
Extra ordinary General
24.03.2012 Bank of India Auditorium,
Meeting
10.30 A.M. Star House, Bandra
Kurla Complex, Mumbai
400 051.
Extra ordinary General
21.10.2011 Bank of India Auditorium,
Meeting
10.30 A.M. Star House, Bandra
Kurla Complex, Mumbai
400 051.
Fifteenth Annual General 14.07.2011 Patkar Convocation Hall,
Meeting
3.30 P.M. Queens Road, Fort,
Mumbai 400 020.

Disclosures :
The Bank is governed under the Banking Regulations Act 1949, Banking
Companies (Acquisition and Transfer of Undertakings) Act 1970 and
Nationalised Banks (Management & Miscellaneous Provisions) Scheme
1970. SEBI has clarified that for listed entities which are not companies,
but body corporates (e.g. public sector banks, financial institutions,
insurance companies etc.) incorporated under other statutes, clause 49
of the Listing Agreement will apply only to the extent that it does not
violate their respective statutes and guidelines issued by the relevant
regulatory authorities.

10,000/- {V ~R>H$
5,000/- {V ~R>H$
79

i)

Remuneration of Directors:

The remuneration of the Chairman & Managing Director and


the Executive Director is fixed by the Central Government.
The Bank does not pay any remuneration to the independent
directors excepting sitting fees which is as under:

For Board Meeting

For Committee Meeting :

` 10,000/- per meeting


` 5,000/- per meeting

/ BANK OF INDIA

/ Annual Report 2013-14


ii) Disclosure of
Relationship

ii)

hdnyU g`dhmam| Ama Am{WH$ g~Ym| H$m H$Q>Z


~H$ H$mamo~ma H$s gmm` H${V Ho$ Abmdm ~H$ Zo H$moB hdnyU
^m{VH$ g`dhma BgHo$ dVH$m|, {ZXoeH$m| AWdm ~YZ, CZH$s ghm`H$
H$n{Z`m| AWdm g~{Y`m| Am{X go Zht {H$`m h {OgH$m ~H$ Ho$ {hVm| go
H$moB hdnyU {damoYm^mg hmo gH$Vm hmo&~H$ Ama BgHo$ Ja-H$m`nmbH$
{ZXoeH$ Ho$ ~rM df Ho$ XmamZ H$moB Am{WH$ g~Y AWdm gdhma Zht
hE h&
~qH$J | `h gwWm{nV Wm h {H$ {ZXoeH$, S>b Ama S>b H$s Cn
g{{V`m| H$s CZ MMmAm| | ^mJ Zht boVo O~ CZgo g~{YV `m CZHo$
[aVoXmam| go g~{YV H$moB mbm ~moS> | MMmYrZ hmoVm hmo&
iii) gmdO{ZH$ {ZJm|, A{YH$ma {ZJm|, A{Ym` {ZJm| Am{X H$s
AmJ am{e`m
grjmYrZ df Ho$ XmamZ nyOr H$mo ~T>mZo Ho$ {bE ~H$ Zo {ZZ gmYZ Omar
{H$E h :gmYZ H$m ~mSg/eo`am|
Zm
H$s g`m
9.80%
10000
{Q>`a-2
~mSg-2023
{garO X
9.80%
5000
{Q>`a -2
~mSg
-2023
{garO XI
4,63,60,686
`oH$
`10/- Ho$
B{$Q>r
eo`a*

11.12.2013

215.70*

Hw$b

Transactions

and

Pecuniary

Other than those in the normal course of banking business, the


Bank has not entered into any materially significant transaction
with its promoters, directors or the management, their
subsidiaries or relatives etc. that may have potential conflict
with the interests of the Bank at large. There was no pecuniary
relationship or transactions of the non-executive director vis-avis the bank during the year.

It is an established practice in the Bank that Directors do not


take part in the deliberations of the Board and other SubCommittees of the Board, when matters relating to them or to
their relatives are discussed.

iii) Proceeds From Public issues, Right issues, Preferential


issues etc.

A{^XmVm Omar H$aZo {V ~mS>/eo`a C^mar J`r am{e


H$m Zm
H$s {V{W
{ZJ y`
(` H$amoS> |)
^maVr`
25.09.2013
10,00,000
1000.00
OrdZ
~rm
{ZJ {b.
{d{^
30.09.2013
10,00,000
500.00
{ZdoeH$

^maV Ho$
am>n{V

Material

During the year under review, the. Bank has issued the
following instruments to raise the capital:-

Name of the
Instrument

2500.00

* A{H$V yp` `10/- {V eo`a, {{` {V eo`a `205.70


{Z{Y`m CR>mZo H$m mW{H$ Co` nyOr n`mVm AZwnmV gwQ> H$aZo hoVw
{Q>`a-I Ed II nyOr m H$aZm Ama ~H$ Ho$ XrKmd{Y ggmYZm| H$mo gwYmaZm
Ama Bg aH$ H$mo Bgr Co` Ho$ {bE bJm`m h&
iv. {H$gr ^r Q>mH$ EgM|O, go~r `m A` dYm{ZH$ m{YH$mar mam
grjmYrZ df Ho$ XmamZ ~H$ na nyOr ~mOma go g~{YV {H$gr mbo na
H$moB XS> `m {V~Y Zht bJm`m J`m&
v. Q>mH$ EgM|O Ho$ gmW ~H$ Am$ B{S>`m mam gyMrH$aU H$ama H$s Ymam
47 (gr) Ho$ AVJV {H$E JE H$ama Ho$ mam AVaU H$aZo, ofU, Cn
{d^mOZ gobZ, ZdrZrH$aU Ed VwVrH$aU Ho$ EH$ mh Ho$ ^rVa B{$Q>r
eo`g Ho$ {d{Z` Ho$ g~Y | OmZH$mar Ho$ gmW-gmW A`mgr H$nZr
g{Md go `oH$ N>: mh | EH$ mU n mB {H$`m OmVm h& `h mU
n ~rEgB Ama EZEgB H$mo 30 {XZm| Ho$ ^rVa Ohm B{$Q>r eo`a gyMr~
h, o{fV {H$E OmVo h VWm {ZXoeH$ S>b Ho$ gj ^r VwV {H$`m OmVm
h&
vi. go~r Ho$ n[an g. S>r Ed grgr/E$AmBQ>rQ>rgr/grAmBAma- 16 {XZmH$
31 {Xg~a, 2002 H$s eVm] Ho$ AZwgma {deofmJmam| Ho$ gmW Hw$b {d>
B{$Q>r eo`a nyOr Ho$ gmYmZ Ed ~H$ Am$ B{S>`m H$s Hw$b Omar/Xm
B{$Q>r nyOr g{hV `j $n | VwV {H$E OmZo Ho$ `moOZ Ho$ gmWgmW A`mgr H$nZr g{Md H$s $ mam {Vmhr AmYma na EH$ g{Mdr`
boImnarjm [anmoQ> H$s OmVr h& Bg g~Y | Omar mUn {ZXoeH$ S>b
Ho$ gj VwV {H$E OmVo h Ed ~rEgB Ed EZEgB H$mo o{fV {H$E OmVo
h Ohm ~H$ Am$ B{S>`m Ho$ B{$Q>r eo`a gyMr~ ahVo h&

Amount
Raised

Name of
Subscribers

9.80% Tier-2
Bonds-2023 Series X

10000

Life
Insurance
Corporation
of India Ltd.

25.09.2013

10,00,000

1000.00

9.80% Tier-2
Bonds-2023 Series XI

5000

Various
Investors

30.09.2013

10,00,000

500.00

4,63,60,686

The
President of
India

11.12.2013

215.70*

1000.00

Total

2500.00

Equity Shares of
Rs. 10/- each*

1000.00

Date of
Issue

Issue Price,
per bond /
share

Number
of Bonds/
Shares

(` In
Crores

* Face Value `10/- per share, Premium per share `205.70

The funds were raised with the primary objective of augmenting


Tier-I&II Capital for strengthening Capital Adequacy Ratio and
for improving the long- term resources of the Bank and the
same were utilised for the said purpose.

iv. No penalties or strictures were imposed on the Bank by any of


the Stock Exchanges, SEBI or any Statutory Authority on any
matter relating to Capital Markets during the year under review.
v. As required under clause 47[c] of the listing agreements entered
into by Bank of India with stock exchanges a certificate is
obtained every six months from a practising Company Secretary,
with regard to, inter alia, effecting transfer, transmission, subdivision, consolidation, renewal and exchange of equity shares
in the within one month of the lodgement. The certificates are
forwarded to BSE and NSE, where the equity shares are listed,
within 30 days of issuance and also placed before the Board of
Directors.
vi. In terms of SEBIs circular No. D&CC/FITTC/CIR-16 dated
December 31, 2002 a Reconciliation of Capital Report is
conducted on a quarterly basis by a firm of practising company
secretaries, for the purpose of, inter alia, reconciliation of the
total admitted equity share capital with the depositaries and in
the physical form with the total issued/paid up equity capital of
Bank of India. Certificate issued in this regard is placed before
the Board of Directors and forwarded to BSE and NSE, where
the equity shares of Bank of India are listed.

80

/ BANK OF INDIA

/ Annual Report 2013-14

gofU Ho$ gmYZ :


{Vmhr Ama AYdm{fH$ {dmr` n[aUm (Ja boIm nar{jV naVw gm{d{YH$ boIm
narjH$m| H$s gr{V grjm Ho$ A`YrZ Ama boIm nar{jV dm{fH$ n[aUm AJoOr
| BH$mZm{H$ Q>mBg /{~OZog Q>oS>S>/ $mBZ|{e`b Egog/{~OZog bmBZ Ama
amR>r (jor` ^mfm) | gH$mi/Zde{$/bmoH$V/Amnbm hmZJa VWm qhXr ^mfm
| Zd^maV Q>mBg/Zd^maV gmMma nm| | H$m{eV {H$E JE& `o n[aUm ~H$ H$s
do~gmBQ> www.bankofindia.co.in. na ^r X{eV {H$E JE& gWmJV {ZdoeH$m| H$mo
H$s J`r Vw{V`m ^r ~H$ H$s do~gmBQ> na CnbY h&
go~r Ed H$amam| Ho$ gyMrH$aU | Q>mH$ EgM|O H$mo `j VwVrH$aU Ho$ A{V[a$
~H$ Am$ B{S>`m AnZr {dmr` Ed A` OmZH$mar H$mo Q>mH$ EgM|O Ho$ do~ nmoQ>b
Umbr H$mo {H$`m OmVm h&
{dmr` H$b|S>a : 1 Ab 2014 go :
~H$ Ho$ {dmr` n[aUmm| na {dMma H$aZo Ama 15 B, 2014
bm^me H$s {g$m[ae H$aZo Ho$ {bE ~moS> H$s
~R>H$
18 dt dm{fH$ Am ~R>H$ H$s VmarI,
Jw$dma 10 OwbmB, 2014
g`, WmZ
~H$ Am$ B{S>`m Ho$ Am{S>Q>mo[a`,
Q>ma hmCg, ~mm-Hw$bm gHw$b>,
w~B - 400 051.
dm{fH$ [anmoQ> Ho$ S>mH$ ofU H$s VmarI
12 go 14 OyZ, 2014
B-dmoqQ>J H$s H$Q> Am$ {V{W
23 B, 2014
B-dmoqQ>J H$s {V{W
ewH$dma 4 OwbmB mV 10 ~Oo go
a{ddma 6 OwbmB gm 5 ~Oo VH$
~hr ~X H$aZo H$s VmarI|
5 go 10 OwbmB, 2014
namojr $m m hmoZo H$s A{V VmarI
e{Zdma, 5 OwbmB, 2014
W 3 {Vm{h`m| Ho$ {bE Ja boIm nar{jV g~{YV {Vmhr go 45 {XZm| Ho$
n[aUmm| na {dMma H$aZo Ho$ {bE ~moS> H$s ^rVa
~R>H$
Q>mH$ EgM|Om| | gyMrH$aU :
~H$ Ho$ eo`am| H$m ~rEgB {b., ZoeZb Q>mH$ EgM|O Am$ B{S>`m {b. | gyMrH$aU
{H$`m J`m h& Q>mH$ pH$n H$moS> {ZZmZwgma h:
{X w~B Q>mH$ EgM|O {b. (~rEgB)
ZeZb Q>mH$ EgM|O Am$ B{S>`m {b. (EZEgB)
AmBEgAmBEZ H$mH$

Means of Communication:
The quarterly and half-yearly financial results (unaudited but subject to
limited review by the Statutory Auditors) and audited Annual results were
published in the Economic Times/Business Standard/ Financial Express
/Business Line in English, Sakal /Navshakti/Lokmat/ Apla Mahanagar
in Marathi (Regional language) and Navbharat Times/Navbharat in
Hindi. The results were also displayed on the Banks website at www.
bankofindia.co.in. The presentations made to institutional investors are
also available on Banks website
As required by SEBI and in the Listing Agreements, Bank of India, files
its financial and other information online on their web portals in addition
to the physical submission to the Stock Exchange.
Financial Calendar: From 1st April, 2014:
Board Meeting for considering 15th May, 2014
Annual Audited Accounts of Bank
of India and recommendation of
dividend
Thursday 10th July, 2014.
Date, Time, Venue of 18th AGM
Bank of India Auditorium, Star
House, Bandra-Kurla Complex,
Mumbai 400 051.
Posting of Annual Report
12th to 14th June, 2014
Cut off Date for E voting
23rd May, 2014
E Voting date
Friday 4th July, 2014 from 10.00
am to Sunday 6th July, 2014 till
5.00 p.m.
5th July to 10th July 2014
Book Closure dates
Last Date for receipt of proxy
Saturday, 5th July, 2014
forms
Board Meeting for considering
Within 45 days of the relevant
Un-audited result for first 3 quarters quarter.
Listing on Stock Exchanges
The shares of the Bank are listed on The BSE Ltd. and The National
Stock Exchange of India Limited. The stock scrip codes are as follows:

532149

The BSE Ltd.

National Stock Exchange of India Limited (NSE) BANKINDIA EQ


ISIN Number

C$ XmoZm| Q>mH$ EgM|O H$mo df 2014-15 Ho$ {bE dm{fH$ gyMrH$aU ewH$ H$m
^wJVmZ H$a {X`m J`m h&
~H$ Zo g`-g` na dMZn Ho$ An[adVZr` ~mS> ({Q>`a I Ed II nyOr) Omar {H$`o
h CZgo g~{YV `moam {ZZmZwgma h

INE084A01016
Annual listing fee for 2014-15 has been paid to both of the stock
exchanges.
The Bank has issued Non Convertible Bonds in the nature of Promissory
Notes (Tier I & II capital) from time to time. The relevant details thereof
are as under:
BANK OF INDIA BOND TIER I and TIER II CAPITAL POSITION AS
ON 31.03.2014

~H$ Am$ B{S>`m ~mS> {Q>`a I Ed {Q>`a II nyOr pW{V `Wm 31.03.2014
H$. g.

Sr. No
1
2
3
4
5
6

PARTICULARS OF THE ISSUE

{ZJ H$m {ddaU


*

5.88% ~rAmoAmB lIbm V-2014


5.90% ~rAmoAmB lIbm VI-2014 *
7.10% ~rAmoAmB lIbm VII-2014#
7.50% ~rAmoAmB lIbm VIII-2015
8.00% ~rAmoAmB lIbm IX 2016
9.80% ~rAmoAmB lIbm X - 2023

5.88% BOI SERIES V-2014

Hw$b y` (` H$amoS> |)
TOTAL VALUE (` in Crores)
350.00

5.90% BOI SERIES VI-2014 *


7.10% BOI SERIES VII-2014#

200.00

7.50% BOI SERIES VIII-2015

750.00

8.00% BOI SERIES IX 2016

200.00

9.80% BOI SERIES X - 2023

1000.00

81

300.00

AmBEgAmBEZ Z.
ISIN NO.

AmBEZB/INE084A09050
AmBEZB/INE084A09068
AmBEZB/INE084A09076
AmBEZB/INE084A09084
AmBEZB/INE084A09100
AmBEZB/INE084A08037

/ BANK OF INDIA

H$. g.

Sr. No
7

{ZJ H$m {ddaU

/ Annual Report 2013-14


PARTICULARS OF THE ISSUE

Hw$b y` (` H$amoS> |)
TOTAL VALUE (` in Crores)
500.00

AmBEgAmBEZ Z.
ISIN NO.

9.80% BOI SERIES XI 2023


9.80% ~rAmoAmB lIbm XI 2023
AmBEZB/INE084A08045
9.35%
UPPER
TIER
II
SERIESI-2021
732.00
8
9.35% AnBa {Q>`a II lIbm I-2021
AmBEZB/INE084A09118
500.00 AmBEZB/INE084A09159
9
11.15% AnBa {Q>`a II lIbm II- 2023 11.15% UPPER TIER II SERIESII- 2023
500.00 AmBEZB/INE084A09175
10
8.45% AnAa {Q>`a II lIbm III-2024 8.45% UPPER TIER II SERIESIII-2024
500.00 AmBEZB/INE084A09183
11
8.50% AnAa {Q>`a II lIbm IV-2024 8.50% UPPER TIER II SERIESIV-2024
8.54%
UPPER
TIER
II
SERIESV-2025
1000.00
12
8.54% AnAa {Q>`a II lIbm V-2025
AmBEZB/INE084A09209
1000.00 AmBEZB/INE084A09217
13
8.48% AnAa {Q>`a II lIbm VI-2025 8.48% UPPER TIER II SERIESVI-2025
10.55% IPDI Bonds-Series I
400.00 AmBEZB/INE084A09126
14
10.55% AmBnrS>rAmB ~mS>- lIbm I
10.45%
IPDI
Bonds-Series
II
100.00 AmBEZB/INE084A09134
15
10.45% AmBnrS>rAmB ~mS>- lIbm II
155.00 AmBEZB/INE084A09142
16
10.40% AmBnrS>rAmB ~mS>- lIbm III 10.40% IPDI Bonds-Series III
8.90%
IPDI
Bonds-Series
IV
400.00 AmBEZB/INE084A09167
17
8.90% AmBnrS>rAmB ~mS>- lIbm IV
9.00% IPDI Bonds-Series V
325.00 AmBEZB/INE084A09191
18
9.00% AmBnrS>rAmB ~mS>- lIbm V
9.05%
IPDI
Bonds-Series
VI
300.00
19
9.05% AmBnrS>rAmB ~mS>- lIbm VI
AmBEZB/INE084A09225
TOTAL
9212.00
Hw$b
*
*
Redeemed on 30th April, 2014
30 Anb, 2014 H$mo ^wJVmZ {H$m Jm&
#
Redeemed on 23rd May, 2014
#
23 B, 2014 H$mo ^wJVmZ {H$m Jm&
All these bonds are listed on National Stock Exchange of India Ltd and
BZ g^r ~mS>m| H$m ZoeZb Q>mH$ EgM|O B.{b. | gyMrH$aU {H$`m J`m h VWm ~H$ the Bank has paid the Annual listing fee for 2013-2014 to the Stock
Exchange.
Zo Q>mH$ EM|O H$mo df 2013-14 H$m dm{fH$ ewH$> AXm {H$`m h&
Credit Ratings
F$U loUr {ZYmaU :

EO|gr
XmU aoqQ>J
AmBgrAmaE mam H$mnm}aoQ> emgZ loUr
grOrAma-2
wS>rg BdomQ>aa g{dg (wS>rg)
~rEE3 / nr-3
Q> So>S> Ed nyAa (Eg Ed nr)
~r~r~r(-)
Ho${S>Q> EZm{b{gg Ed [agM {b. (grEAmaB)
grEAmaBEEE
gmd{Y Om H$m`H$ hoVw {Zdoe gyMZm Ed F$U loUr {ZYmaU EEEE
EO|gr (AmBgrAmaE)
H$mnm}aoQ> emgZ hoVw {Zdoe gyMZm Ed F$U loUr {ZYmaU AmBgrAmaE EE+
EO|gr - ~mSg hoVw
grAmaAmBEgAmBEb ({H${gb) {b. ~mSg hoVw
EEE
grAmaAmBEgAmBEb ({H${gb) {b. Om mU n hoVw
E1+
~r`y AmaEEE
{~H$dH$ aoqQ>gw B{S>`m m.{b. - ~mSg hoVw
eo`am| H$m AmyVuH$aU
~H$ Ho$ eo`am| H$m boZ-XoZ A{Zdm` $n go Ho$db AyV ({S>oQ>) $n | {H$`m OmVm h&
~H$ Zo eo`am| Ho$ AyVuH$aU Ho$ {bE XmoZm| {ZjonmJmam| `Wm am>r` {V^y{V {ZjonmJma
{b. (EZEgS>rEb) Ed Ho$r` {deofmJma godmE (B{S>`m) {b. (grS>rEgEb) Ho$
gmW gPmVm {H$`m h&
eo`aYmaH$m| H$m `Wm 31.03.2014 H$mo `j Ed AyV $n go Ym[aV eo`am| H$m
`mam Bg H$ma h:

grS>rEgEb
EZEgS>rEb
`j
Hw$b

Agency

Rating Assigned

Corporate Governance Rating by ICRA

CGR-2

Moodys Investor Service (Moodys)

Baa3 / P-3

Standard & Poors (S&P)

BBB(-)

Credit Analysis & Research Limited (CARE)

CAREAAA

Investment Information and Credit Rating Agency MAAA


(ICRA) for Term Deposit Programme
Investment Information and Credit Rating Agency ICRA AA+
(ICRA) for Bonds
CRISIL Limited For Bonds

AAA

CRISIL Limited For Certificate of Deposits

A1+

Brickwork Ratings India Pvt Limited-For Bonds

BWR AAA

Dematerialisation of Shares
The Banks shares are being traded compulsorily in Demat form only.
The Bank has entered into agreements with both the Depositories viz.
National Securities Depositories Ltd. (NSDL) and Central Depository
Services (India) Ltd. (CDSL) for dematerialization of shares.
Particulars of shares in Demat and Physical form held by the shareholders
as of 31/03/2014 are as under:

eo`aYmaH$m| H$s g`m

eo`am| H$s g`m

eo`aYmaU H$m

No. of share holders

No. of shares

shareholding%

CDSL

43750
88990
107260
240000

NSDL
Physical
Total

82

437380569
188530752
16351692
642263013

68.10
29.35
2.55
100.00

/ BANK OF INDIA

/ Annual Report 2013-14


Shareholding Pattern as on 31.03.2014

eo`aYmaU nQ>Z `Wm 31.03.2014


Category of Shareholders

eo`aYmaH$m| H$m dJ
Ho$r` gaH$ma (dVH$)
`yMwAb $S>/`yQ>rAmB
{dmr` gWmE/~H$
~rm H$n{Z`m
H$mnm}aoQ> {ZH$m`
EH$b `{$
A{Zdmgr ^maVr`/Amogr~r
{dXoer gWmmJV {ZdoeH$
Hw$b

Central Government (Promoters)

55

6489438

1.01

26

1186137

0.18

40

91818107

14.30

2265

10521843

1.64

235654

36183007

5.63

1776

2515410

0.39

183

65181558

10.15

240000

642263013

100.00

Bodies Corporate
Individuals
Non Resident Indians/ OCB
Foreign Institutional Investors
Total

^maVr` OrdZ ~rm {ZJ


bOmS> AgoQ> ZoO|Q> EbEbgr
bmS>-BZ eo`a XemZo dmbm {ddaU

Shareholding of persons (Public) holding more than 1% of the total


number of shares

Name of the Shareholder

eo`am| H$s g`mH$

Life Insurance Corporation of India

% of Holding
11.82

22268418

3.47

Statement Showing locked in Shares

bmS-BZ eo`am| H$s g`m

Locked in shares as a % of total number of shares

428367513

66.70

Distribution of Shareholdings as on 31st March, 2014

No of Equity Shares held

g`m

Upto 500
500 VH$
501 to 1000
501 go1000
1001 to 5000
1001 go 5000
5001 to 10000
5001 go 10000
10001 & above
10001 Ed Bggo A{YH$
Total
Hw$b
eo`a y`/mm :
EZEgB | m{gH$ $n go C Ed {ZZ ^md (H$moQ>oeZ) Ed eo`am| Ho$ boZ-XoZ H$s
mm {ZZmZwgma h :-

Ad{Y

Hw$b eo`am| Ho$ % Ho$ $n | bmS>-BZ eo`a

Number of locked in Shares

President of India
^maV Ho$ am>n{V
eo`aYm[aVm H$m g{dVaU `Wm {XZmH$ 31 mM, 2014 :-

Ab, 2013
B, 2013
OyZ, 2013
OwbmB, 2013
AJV, 2013
{gV~a, 2013
Ay$~a, 2013
Zd~a, 2013
{Xg~a, 2013
OZdar, 2014
$adar, 2014
mM, 2014
`Wm 31.03.2014 H$s boIm ~Xr y`
~mOma nyOrH$aU

eo`aYm[aVm %

Number of Shares
75942452

Lazard Asset Management LLC

Name of the Shareholder

Ym[aVm B{$Q>r eo`am| H$s g`m

eo`aYm[aVm %

Financial Institutions / Banks


Insurance Companies

eo`aYmaH$ H$m Zm

eo`am| H$s g`m

Mutual Funds / UTI

npbH$ eo`aYmaH$ H$m {ddaU {OZH$s eo`aYm[aVm 1% go A{YH$ h

eo`aYmaH$ H$m Zm

eo`aYmaH$m| H$s g`m

Number of Shareholders Number of Shares % of Holding


1
428367513
66.70

$mo{b`mo Folio
{VeV

Nos.
231676

%age
96.53

5527
2117
236

eo`a Shares
{VeV

g`m

Nos.
27386136

%age
4.26

2.30

4008071

0.62

0.88

4461279

0.70

0.10

1732630

0.27

444

0.19

604674897

94.15

240000

100.00

642263013

100.00

Share Price/Volume:
The monthly high and low quotation and the volume of Shares traded on
NSE are as under:-

A{YH$V .

Period

`yVZV .

eo`am| Ho$ boZ-XoZ H$s mm

April, 2013

Highest `
345.80

Lowest `
Volume of shares traded
292.00
15135805

May, 2013

341.00

285.00

24026635

June, 2013

296.65

219.00

17020399

July, 2013

243.25

166.00

34823546

August, 2013

190.40

126.50

42791437

September, 2013

193.95

132.00

49572483

October, 2013

214.20

156.55

67344607

November, 2013

244.10

204.25

130515727

December, 2013

241.80

204.50

75766749

January, 2014

251.30

184.55

93157764

February, 2014

192.60

165.55

66024458

March, 2014

237.40

168.60

94536624

Closing Price as on 31.03.2014

` 228.50 (NSE)

Market Capitalisation

` 14675.71 Crore

83

/ BANK OF INDIA

/ Annual Report 2013-14

`manH$Vm AmYmadmbo gHo$VH$m| H$s VwbZm | H$m`-{ZnmXZ


Performance in comparison to Broad Based Indices

EZEgB na ~H$ Am$ B{S>`m eo`a y`

~rEgB na ~H$ Am$ B{S>`m eo`a y`

Bank of India Share Price on NSE

Bank of India Share Price on BSE


BSE

BOI
350.00

NSE

400.00

23000

7000.00

400.00

22000

6500.00

300.00

BOI

350.00

21000

300.00

20000

250.00

19000

200.00

18000

150.00

6000.00
250.00
5500.00
200.00
5000.00
150.00
4500.00

100.00

H$mnm}aoQ> emgZ Ho$ A{Zdm` AZw~Y Ho$ AZwnmbZ H$m mUn


eo`a ~mOma Ho$ gmW gyMrH$aU H$ama H$s eVm] Ho$ AZwgma A{Zdm` AZw~Y Ho$
AZwnmbZ go g~{YV ~H$ Ho$ gm{d{YH$ boIm narjH$m| Ho$ mam Omar mUn gbm
{H$`m J`m h&
A{Zdm`, Ja-A{Zdm` AnojmAm| H$m AZwnmbZ
~H$ Zo gyMr~ H$ama Ho$ IS> - 49 H$s A{Zdm` AnojmAm| H$m AZwnmbZ {H$`m h
Ama H${WV IS>$ H$s Ja-A{Zdm` AnojmAm| Ho$ g~Y | ~H$ Zo Cgo AnZm`m Zht
h& H$m`md`Z H$s pW{V {ZZmZwgma h :H$. g.

Sr No.
1

100.00

17000
Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14

Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14

Certificate of compliance of mandatory stipulations of Corporate


Governance
The certificate issued by the statutory auditors of the Bank, regarding
compliance of mandatory stipulations of corporate governance in terms
of the listing agreement with the Stock Exchange is attached.
Compliance of Mandatory / Non Mandatory Requirements.
The Bank has complied with the mandatory requirements of clause 49
of the Listing Agreement in respect of non mandatory requirements of
the said clause, the Bank has not adopted the same. The status of its
implementation is as under:

Ja A{Zdm` AnojmE

H$m`mda`Z H$s pW{V

Non Mandatory requirements

Status of implementation

~moS> EH$ Ja H$m`nmbH$ A`j H$nZr Ho$ IM na A`j H$m H$m`mb` aIZo bmJy Zht, `m|{H$ A`j H$m nX H$m`nmbH$ h&
Not applicable, since the Chairmans Position is Executive.
Ho$ {bE hH$Xma
The Board - A non executive Chairman may be entitled to maintain
a Chairmans office at the companys expense.

nm[al{H$ g{{V- H$m`nmbH$ {ZXoeH$m| Ho$ {bE n|eZ H$m A{YH$ma Ed H$moB nm[al{H$ g{{V- Ho$r` gaH$ma mam Omar {Xem{ZX}em| Ho$ AZw$n H$m`
j{Vny{V ^wJVmZ g{hV {d{e> nm[al{H$ nHo$Om| Ho$ g~Y | H$nZr Zr{V Ho$ {ZnmXZ g~ mogmhZ H$s nmVm H$m {ZYmaU H$aVr h& VWm{n H$m`nmbH$
{ZYmaU hoVw ~moS> EH$ nm[al{H$ g{{V H$m JR>Z H$a gH$Vr h&
{ZXoeH$ ^maV gaH$ma mam {ZYm[aV doVZ m H$aVo h&
Remuneration Committee- Board may set up a Remunerative
Committee to determine companys policy on specific remuneration
packages for executive directors including pension right and any
compensation payment.

Remuneration Committee decides the entitlement of performance


Linked Incentive in terms of guidelines issued by the Central
Government. However, Executive Director draw salary as fixed by
the Government of India.

eo`aYmaH$m| H$m A{YH$ma- {dJV N>: hrZm| | hdnyU KQ>ZmAm| H$m {Vmhr/dm{fH$ {dmr` {ddaU Ed wI {deofVmE EZEgB, ~rEgB H$mo ^oOr
gmame g{hV {dmr` H$m`{ZnmXZ H$s AYdm{fH$ KmofUm eo`aYmaH$m| H$mo ^oOr OmVr h Ama AI~mam| | N>ndmB OmVr h VWm ~H$ H$s do~gmBQ> na X{eV H$s
OmE&
OmVr h& AV: eo`aYmaH$m| H$mo gyMZm `{$e: ^oOr Zht OmVr h&
Shareholders Rights- A half-yearly declaration of financial The quarterly/year to date/ Annual Financial Results are sent to NSE
performance including summary of the significant events in last six- & BSE & published in Newspapers and placed on Banks website
months, may be sent to shareholders.
including highlights. As such, information to Shareholders is not sent
individually.

boIm narjm AhVm- AZ$m{b$mBS> $Zpe`b Q>oQ>|Q> H$s Wm H$s Amoa ~H$ Ho$ dm{fH$ {dmr` {ddaU AZ$m{b$mBS> h& hdnyU boImH$Z Zr{V`m
AJga hmo&
Ama ImVm| na {Q>n{U`m AZwgy{M`m| | CnbY h Omo {H$ dUZmnH$ H${V
Audit Qualification-bank may move towards a regime of unqualified Ho$ h&
financial statements.

The banks Annual Financial Statements are unqualified. Significant


Accounting Policies and Notes to Accounts are contained in
schedules, which are explanatory in nature.

84

/ BANK OF INDIA

H$. g.

Sr No.
5

/ Annual Report 2013-14

Ja A{Zdm` AnojmE

H$m`mda`Z H$s pW{V

Non Mandatory requirements

Status of implementation

~moS> gX`m| H$m {ejU - ~H$, H$nZr Ho$ H$mamo~mar mS>b Ed H$nZr Ho$ ~H$ Zo BZ {Xem{ZX}em| H$mo H$m`mpdV {H$`m h&
H$mamo~mar mZH$m| Ho$ OmopI mo$mBb Ho$ g~Y | ~moS> gX`m| H$mo {e{jV The Bank has implemented these guidelines
H$a|&
Training of Board Members- Bank may train Board members in
the business model of the company as well as the risk profile of
the business parameters of the company, the responsibilities as
directors, and the best ways to discharge them.

~moS> Ho$ Ja-H$m`nmbH$ gX`m| Ho$ y`moH$Z H$m V- {H$gr JaH$m`nmbH$ {ZXoeH$ Ho$ H$m`{ZnmXZ y`mH$Z, y`mH$ZmYrZ {ZXoeH$ H$mo
N>moS>H$a, nyao {ZXoeH$ S>b Ho$ gX`m| dmbr gj gyh mam {H$`m Om gH$Vm
h Ama gH$j gyh y`mH$Z Ja H$m`nmbH$ {ZXoeH$m| H$s {Z`w{$ H$mo ~T>mZo/
Omar aIZo H$m V hmo gH$Vm h&

[aOd ~H$ Am$ B{S>`m Ho$ {Xem{ZX}em| Ho$ AZw$n EH$ ZmmH$Z g{{V H$m JR>Z
{H$`m J`m h Ama ~H$H$mar H$nZr (CnH$m| H$m AOZ Ama AVaU) A{Y{Z`
1970 Ho$ IS> 9 (3) (i) Ho$ AVJV {Zdm{MV {ZXoeH$ {$Q> ES>$ mna pW{V
Ho$ {ZYmaU H$s eV Ho$ AYrZ h& BgHo$ Abmdm Ja-H$m`nmbH$ {ZXoeH$m| H$s
{Z`w{$ gm{d{YH$ mdYmZm| Ho$ AZw$n ^maV gaH$ma mam {Z`w$ {H$E OmVo h&

Mechanism of evaluating Non- Executive Board Members- The


performance evaluation of non- executive directors could be done by
a peer group comprising the entire Board of Directors, excluding the
director being evaluated; and Peer Group evaluation could be the
mechanism to the determine whether to extend/ continue the terms
of appointment of non- executive directors.

A Nomination Committee has been constituted in terms of Reserve


bank of India Guidelines and the elected directors under clause
9(3)(i) of The Banking Companies (Acquisition & Transfer of
Undertakings) Act, 1970 are subject to determination of fit & proper
status. Further other Non-Executive directors are appointed by GoI,
as per statutory provisions.

{dgb bmoAa nm{bgr - AZ{VH$ `dhma, dmV{dH$ `m g{XY YmoImYS>r ~H$ Zo {dgb bmoAa nm{bgr H$m`mpdV H$s h&
`m H$nZr H$s AmMaU g{hVm `m AmMmaZr{V Ho$ CKZ Ho$ g~Y | H$Mmar The Bank has implemented the Whistle Blower Policy.
AnZr qMVmE ~YZ H$mo gy{MV H$a|, BgHo$ {bE ~H$ H$mo EH$ V H$s WmnZm
H$aZr Mm{hE& Bg V |, Bg V H$m Cn`moJ H$aZo dmbo H$Mm[a`m| Ho$ gmW
A`mMma Ho$ {d n`m gajU CnbY hmo Ama AndmXmH$ mbm| | Cho
boIm narjm g{{V Ho$ A`j go grYo gnH$ H$aZo H$s gw{dYm CnbY h& Eogo
V H$s WmnZm Ho$ nmV CgH$s gw{MV gyMZm gJR>Z Ho$ AXa n[aMm{bV H$s
OmE&
Whistle Blower Policy- The Bank may establish a mechanism for
employees to report to the management concerns about unethical
behaviour, actual or suspected fraud or violation of the companys
code of conduct or ethics policy. This mechanism could also provide
for adequate safeguards against victimization of employees who
avail of the mechanism and also provide for direct access to the
Chairman of the Audit Committee in exceptional cases. Once
established, the existence of the mechanism may be appropriately
communicated within the organization.

85

/ BANK OF INDIA

/ Annual Report 2013-14

H$mnm}aoQ> {ZU na boIm narjH$m| H$m mUn

AUDITORS CERTIFICATE ON CORPORATE GOVERNANCE


The Members of Bank of India,
Star House, C-5, G Block,
Bandra-Kurla Complex,
Bandra (East),
Mumbai - 400 051.

~H$ Am$ B{S>m Ho$ gX


Q>ma hmD$g, gr-5, Or bmH$,
~mm-Hw$bm gHw$b,
~mm (nyd),
w~B - 400 051
hZo CV ~H$ H$m Q>mH$ EgM|O Ho$ gmW gyMrH$aU H$ama Ho$ IS> 49 o Xr
JB eV Ho$ AZwgma 31 mM, 2014 H$mo gmV df Ho$ {bE ~H$ Am$ B{S>m
mam H$mnm}aoQ> emgZ Umbr H$s eVm] Ho$ AZwnmbZ H$s OmM H$s h&

We have examined the compliance of conditions of Corporate


Governance by Bank of India for the year ended 31st March,
2014 as stipulated in Clause 49 of the listing agreement of the
said Bank with Stock Exchanges.

H$mnm}aoQ> emgZ Umbr H$s eVm] H$m AZwnmbZ ~YZ H$s {OoXmar h& hmar
OmM H$manmoaoQ> emgZ Umbr H$s eVm] Ho$ AZwnmbZ H$mo gw{ZpMV H$aZo Ho$ {bE
~H$ mam AnZmB JB H$m n{V Ama CgHo$ H$mmdZ VH$ gr{V Wr& h
~H$ Ho$ {dmr {ddaUm| H$s Z Vmo boIm narjm h Ama Z hr V H$m H$Q>Z h&

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 the conditions of corporate
governance. It is neither an audit nor an expression of opinion on
the financial statements of the Bank.

hmar am | Ama h| mV OmZH$mar Ho$ AZwgma Ama ho {XE JE n>rH$aU


Ho$ AZwgma h m{UV H$aVo h {H$ D$na CboI {H$E JE gyMrH$aU H$ama Ho$
AZwgma ~H$ Zo H$mnm}aoQ> emgZ Umbr H$s eVm] H$mo nyam {H$m h&

In our opinion and to the best of our information and according to


the explanations given to us, we certify that the Bank has complied
with the conditions of corporate governance as stipulated in the
above mentioned Listing Agreement.

^maVr gZXr boImH$ma gWmZ mam Omar JmBS>og ZmoQ> H$s AmdH$VmAm| Ho$
AZwgma h A{^V H$aVo h {H$ eoahmoS>g ES> BdoQ>g Jrdg H${Q>r
mam AZwa{jV [aH$mS> Ho$ AZwgma ~H$ Ho$ {d Eogr H$moB {ZdoeH$ {eH$mV
b{~V Zht h Omo EH$ hrZo go A{YH$ hmo&

As required by the Guidance Note issued by the Institute of


Chartered Accountants of India, we have to 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.

h h ^r A{^V H$aVo h {H$ h AZwnmbZ Z Vmo ^{d | ~H$ H$s


dhmVm H$m AmdmgZ h Ama Z hr ~YZ mam ~H$ Ho$ mbm| H$s XjVm m
^mderbVm go gMmbZ go g~{YV h&

We further state that such compliance is neither an assurance


as to the future viability of the Bank nor the efficiency or
effectiveness with which the management has conducted the
affairs of the Bank.

ogg EgAma~r ES> Egmo{gEQg

ogg BgmH$ ES> gwaoe

ogg E E {Zgr ES> H$.

M/s. SRB & Associates


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 310009B) (FRN 310009E)

M/s. Isaac & Suresh


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 001150Eg) (FRN 001150S)

M/s. M. M. Nissim and Co.


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 107122S>`y) (FRN 107122W)

gOrV nm Sanjeet Patra


^mJrXma Partner
E. H$. 056121 M. No. 056121
ogg S>r. qgh ES> H$. M/s. D. Singh & Co.
gZXr boImH$ma Chartered Accountants
(E$AmaEZ 001351EZ) (FRN 001351N)
{gaZ qgh Simran Singh
^mJrXma Partner
E. H$.098641 M. No. 098641
WmZ : w~B Place: Mumbai
{XZmH$ : 15 B, 2014 Date : 15th May, 2014

~oZr Omogo$ Benny Joseph


^mJrXma Partner
E. H$. 200689 M. No. 200689
ogg Oo. nr. H$nya ES> C~oam M/s. J. P. Kapur & Uberai
gZXr boImH$ma Chartered Accountants
(E$AmaEZ 000593EZ) (FRN 000593N)
XrnH$ oZZ Deepak Menon
^mJrXma Partner
E. H$. 084225 M. No. 084225

gO IomZr Sanjay Khemani


^mJrXma Partner
E. H$. 044577 M. No. 044577
ogg ES>mog. ES> H$. M/s. Andros & Co.
gZXr boImH$ma Chartered Accountants
(E$AmaEZ 008976EZ) (FRN 008976N)
Amo H$me bmH$S>m Om Prakash Lakra
^mJrXma Partner
E. H$. 081431 M. No. 081431

86

/ BANK OF INDIA

/ Annual Report 2013-14

CEO / CFO Certification

grBAmo/grE$Amo mUrH$aU

Board of Directors,
Bank of India,
Mumbai
Dear Sir,
Re: CEO/CFO Certification for the year 2013-14
Pursuant to clause 41and 49 of the Listing Agreement with BSE Limited
and National Stock Exchange Limited, we hereby certify that:

a.

We have reviewed financial statement and the cash flow statement


for the year 2013-14 and that to the best of our knowledge and
belief:
i.

These statements do not contain any materially untrue


statement or omit any material fact or contain statements that
might be misleading:

ii.

These statements together present a true and fair view of the


Banks affairs and are in compliance with existing accounting
standards, applicable laws and regulations.

{ZXoeH$ S>b
~H$ Am$ B{S>`m
w~B
hmoX`,
{df`: df 2013-14 Ho$ {bE grBAmo/grE$mo mUrH$aU
~rEgB {b{Q>oS> Ama ZeZb Q>mH$ EM|O {b{Q>oS> Ho$ gmW gyMrH$aU H$ama Ho$
IS> 41 Ed 49 Ho$ AmYma na h, EVmam m{UV H$aVo h {H$ :
H$) df 2013-14 hoVw hZo {dmr` {ddaU Ama ZH$X dmh {ddaU H$s grjm
H$s h Ama hmar gdm}m OmZH$mar Ed m`Vm Ho$ AZwgma :
1) BZ {ddaUm| | H$moB VmpdH$ $n go JbV {ddaU Zht h AWdm BZ| H$moB
hdnyU V` N>moS>m Zht J`m h AWdm Bg| H$moB Eogo H$WZ Zht h Omo
^ H$s pW{V nXm H$aVo hm|&
2) `o g^r {ddaU {bH$a ~H$ H$s J{V{d{Y`m| H$m ghr Ama C{MV {>H$moU
VwV H$aVo h Ama `o dVmZ boImH$Z mZH$m|, bmJy {Z`m| Ama {d{Z`m|
H$m AZwnmbZ H$aVo h&
I) hmar gdm}m OmZH$mar Ama m`Vm Ho$ AZwgma, ~H$ Zo df Ho$ XmamZ Eogm H$moB
g`dhma Zht {H$`m h Omo YmoImYS>rnyU hmo, AdY hmo AWdm Omo {H$ ~H$ H$s
AmMma g{hVm H$m CKZ H$aVm hmo&
J) h {dmr` [anmo{Q>J hoVw AmV[aH$ {Z`Um| H$s WmnZm Ed aIaImd H$s
{OoXmar H$m drH$ma H$aVo h Ama drH$ma H$aVo h {H$ hZo {dmr` [anmo{Q>J
go g~{YV ~H$ Ho$ AmV[aH$ {Z`U Um{b`m| H$s ^mdH$m[aVm H$m y`mH$Z
{H$`m h Ama Eogo AmV[aH$ {Z`Um| Ho$ n[aMmbZ AWdm {S>OmBZ | H${`m| H$m
Iwbmgm boIm narjH$m| Ed boIm narjm g{{V Ho$ gj {H$`m h& AJa Eogr
H$r H$s OmZH$mar h| h Vmo CZ H${`m| H$mo Xya H$aZo hoVw hZo H$X CR>mE h
`m H$X CR>m`m OmZm Vm{dV h&
K) hZo boIm narjH$m| Ed boIm narjm g{{V`m| H$mo `h gy{MV {H$`m h:1) df Ho$ XmamZ {dmr` [anmo{Q>J na AmV[aH$ {Z`U | hdnyU n[adVZ
2) df Ho$ XmamZ boImH$Z Zr{V`m| | hdnyU n[adVZ Ama CZH$m H$Q>Z
{dmr` {ddaUm| na {Q>n{U`m| | {H$`m J`m h Ama
3) AJa {H$gr Eogr ~S>r YmoImYS>r H$s h| OmZH$mar {br hmo, {Og| ~YZ
AWdm {dmr` [anmo{Q>J na ~H$ Ho$ AmV[aH$ {Z`U | hdnyU ^y{H$m
aIZo dmbm H$moB H$Mmar em{b hmo&
H$Vo ~H$ Am$ B{S>m

There are, to the best of our knowledge and belief, no transactions


entered into by the Bank during the year which are fraudulent, illegal
or violative of the Banks code of conduct.

c.

We accept responsibility for establishing and maintaining internal


controls for financial reporting and that we have evaluated the
effectiveness of internal control systems of the Bank pertaining to
financial reporting and we have disclosed to the auditors and the
Audit Committee deficiencies in the design or operation of such
internal controls. If any, of which we are aware and the steps we
have taken or propose to take to rectify these deficiencies.

d.

We have indicated to the Auditors and the Audit Committee.


i.

Significant changes in internal control over financial reporting


during the year.

ii.

Significant changes in accounting policies during the year and


that the same have been disclosed in the notes to the financial
statements and

iii.

Instances of significant fraud of which we have become aware


and the involvement therein, if any, of the management or an
employee having a significant role in the Banks internal control
system over financial reporting.
For Bank of India

(Krishnakumar K. Nair)
Chief Financial Officer

(lrVr dr. Ama. A`a)


A`j Ed ~Y {ZXoeH$

(H$UHw$ma Ho$. Zm`a)


w` {dmr` A{YH$mar

b.

Place: Mumbai

Date: 15th May, 2014

{XZmH$ 15 B, 2014

WmZ

(Mrs. V R Iyer)
Chairperson and Managing Director

DECLARATION BY CEO

~H$ Zo g^r {ZXoeH$m| Ama H$moa ~YZ Ho$ {bE AmMaU g{hVm {ZYm[aV H$s
h, {OgH$m gma ~H$ H$s do~gmBQ> na X{eV {H$m Jm h& {ZXoeH$m| VWm H$moa
~YZ Zo {dmr df 31 mM, 2014 H$s gmpV Ho$ {bE AmMma g{hVm Ho$
AZwnmbZ H$s nw{> H$s h&

The Bank has laid down a Code of Conduct for all the
directors and Core Management of the Bank, the text of
which is posted on the Banks website. The Directors and
Core Management have affirmed compliance with the Code of
Conduct for the financial year ended 31st March, 2014.

Place: Mumbai
Date: 15th May, 2014

(lrVr dr. Ama. Aa)


87

WmZ
{XZmH$ 15 B, 2014

w H$mnmbH$ A{YH$mar mam KmofUm

(Mrs. V.R. Iyer)


Chairperson & Managing Director

/ BANK OF INDIA

/ Annual Report 2013-14

88

/ BANK OF INDIA

/ Annual Report 2013-14

~H$ Am$ B{S>m


VwbZ n

Wm 31 mM, 2014
Ama

bm^ d hm{Z ImVm

31 mM, 2014 H$mo gmV df Ho$ {bE

BANK OF INDIA
Balance Sheet
As at 31st March, 2014
&

Profit and Loss Account


For the Year Ended 31st March, 2014

89

/ BANK OF INDIA

/ Annual Report 2013-14

VwbZ-n `Wm 31 mM, 2014

BALANCE SHEET AS AT 31ST MARCH, 2014

AZwgyMr g`m
Schedule
No
I.

II.

nyOr Ed XoVmE
nyOr
Ama{j{V Ed A{Yeof
Omam{em
CYma
A XoVmE Ed mdYmZ
OmoS>
AmpVm
^maVr` [aOd ~H$ | ZH$Xr Ama eof am{e`m

(000s Omitted)
As at
31-03-2013
31-03-2014
`
`

`Wm As at

CAPITAL AND LIABILITIES


Capital

Reserves & Surplus

292,800,820

233,215,148

Deposits

4,769,740,518

3,818,395,859

Borrowings

484,275,103

353,675,848

Other Liabilities and Provisions

178,655,527

114,773,914

5,731,901,989

4,526,027,183

190,734,437

219,670,365

Investments

7
8

423,088,501
1,141,524,370

328,688,229
946,134,318

Advances

3,707,335,364

2,893,674,972

Fixed Assets

10

57,860,575

28,701,254

Other Assets

11

211,358,743

109,158,045

5,731,901,989

4,526,027,183

2,524,692,968

2,216,868,027

214,829,799

242,299,977

TOTAL

6,430,021

5,966,414

ASSETS

~H$ | eof Ama mJ na VWm An gyMZm na m` YZ


{Zdoe
A{J
AMb AmpVm
A AmpVm
Hw$b
AmH$pH$ XoVmE
dgybr Ho$ {bE {~b
hdnyU boIm {Z{V`m
boIm| na {Q>n{U`m
D$na ~VmB JB AZwgy{M`m VwbZ-n H$m A{^ AJ h&

Cash and balances with Reserve Bank of


India
Balances with Banks and money at call and
short notice

TOTAL
Contingent Liabilities

12

Bills for Collection


Significant Accounting Policies

17

Notes to Accounts

18

The Schedules referred to above form an integral part of the Balance Sheet.

~qH$J {d{Z`Z A{Y{Z`, 1949 H$s Vrgar AZwgyMr Ho$ $m E Ho$ AZwgma VwbZ-n V`ma {H$`m J`m h&

The Balance Sheet has been prepared in conformity with Form A' of the Third Schedule to the Banking Regulation Act, 1949.

lrVr dr. Ama. A`a

{~. nr. em

AU lrdmVd

Ama. H$moQ>rdaZ

H$UHw$ma Ho$ Zma

Mrs. V.R. Iyer

B.P. Sharma

Arun Shrivastava

R. Koteeswaran

Krishnakumar K. Nair

A`j Ed ~Y {ZXoeH$

H$m`nmbH$ {ZXoeH$

H$m`nmbH$ {ZXoeH$

H$m`nmbH$ {ZXoeH$

w {dmr A{YH$mar

Chairperson and
Managing Director

Executive Director

Executive Director

Executive Director

AZyn dYmdZ Anup Wadhawan


Ama. Eb. {~ZmoB R. L. Bishnoi
ogg EgAma~r ES> Egmo{gEQg

Chief Financial Officer

{ZXoeH$JU DIRECTORS
Eg. Eg. ~m[aH$ S. S. Barik
ZraO ^m{Q>`m Neeraj Bhatia
E. E. naoam A. M. Pereira
nr. E. {gamOwrZ P. M. Sirajuddin
moX ^grZ Pramod Bhasin
Coe Hw$ma IoVmZ Umesh Kumar Khaitan
g {V{W H$s hmar [anmoQ> gb h Items of our report of even date attached
ogg BgmH$ ES> gwaoe
ogg E E {Zgr ES> H$.

M/s. SRB & Associates


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 310009B) (FRN 310009E)
gOrV nmm Sanjeet Patra
^mJrXma Partner
E. H$. 056121 M. No. 056121

M/s. Isaac & Suresh


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 001150Eg) (FRN 001150S)
~oZr Omogo$ Benny Joseph
^mJrXma Partner
E. H$. 200689 M. No. 200689

M/s. M. M. Nissim and Co.


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 107122S>`y) (FRN 107122W)
gO IomZr Sanjay Khemani
^mJrXma Partner
E. H$. 044577 M. No. 044577

ogg S>r. qgh ES> H$. M/s. D. Singh & Co.


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 001351EZ) (FRN 001351N)
{gaZ qgh Simran Singh
^mJrXma Partner
E. H$.098641 M. No. 098641
{XZmH$ : 15 B, 2014/Date : 15h May, 2014

ogg Oo. nr. H$nya ES> C~oam M/s. J. P. Kapur & Uberai
gZXr boImH$ma Chartered Accountants
(E$AmaEZ 000593EZ) (FRN 000593N)
XrnH$ oZZ Deepak Menon
^mJrXma Partner
E. H$. 084225 M. No. 084225

ogg ES>mog. ES> H$. M/s. Andros & Co.


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 008976EZ) (FRN 008976N)
Amo H$me bmH$S>m Om Prakash Lakra
^mJrXma Partner
E. H$. 081431 M. No. 081431

90

/ BANK OF INDIA

/ Annual Report 2013-14

31 mM, 2014 H$mo gm df H$m bm^ Ed hm{Z ImVm

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2014

Schedule
No

`Wm As at

31-03-2014
`

(000s Omitted)
As at
31-03-2013
`

Interest earned

13

379,101,016

319,089,290

Other income

14

42,918,396

37,660,431

422,019,412

356,749,721

AZwgyMr g`m
Am
A{OV `mO
A Am
Hw$b
II. IM
IM {H$`m J`m `mO
n[aMmbZ IM}
mdYmZ Ed AmH$pH$VmE
Hw$b
III. bm^
df H$m {Zdb bm^
OmoS|>: AmJo bm`m J`m bm^
Hw$b
IV. {d{Z`moJ
H$mZyZr Ama{j{V`m| H$mo AVaU
amOd Ama{j{V H$mo AVaU
nyOr Ama{j{V H$mo AVaU
{deof Ama{j{V (go)/H$mo AVaU - H$a|gr dn
A{V bm^me (bm^me H$a g{hV)
Am`H$a A{Y{Z`,1961 H$s Ymam 36(1)(viii) Ho$ AVJV
{deof Ama{j{V
OmoS>
{V eo`a AOZ (`)
hdnyU boIm {Z{V`m
boIm| na {Q>n{U`m
D$na ~VmB JB AZwgy{M`m VwbZ-n H$m A{^ AJ h&
I.

INCOME

TOTAL
EXPENDITURE
Interest expended

15

270,795,694

228,849,298

Operating expenses

16

66,994,680

53,315,467

18(5.1)

56,936,327

47,091,490

394,726,701

329,256,255

27,292,711

27,493,466

Provisions and Contingencies


TOTAL
PROFIT
Net Profit for the year
Add: Profit brought forward
TOTAL

27,292,711

27,493,466

APPROPRIATIONS
Transfer to Statutory Reserve

7,000,000

6,873,367

Transfer to Revenue Reserve

12,986,303

10,335,542

51,063

317,318

Transfer to Capital Reserve


Transfer (from ) / to Special Reserve - Currency Swap

(3,654)

Final Dividend ( including dividend tax )

3,755,345

6,970,893

Special Reserve u/s Sec 36(1) (viii) of Income


Tax Act,1961

3,500,000

3,000,000

27,292,711

27,493,466

44.74

47.79

TOTAL
Earnings Per Share

18(5.8)

Significant Accounting Policies

17

Notes to Accounts

18

The schedules referred to above form an integral part of the Profit and Loss Account.

~qH$J {d{Z`Z A{Y{Z`,1949 H$s Vrgar AZwgyMr Ho$ $m ~r Ho$ AZwgma `h bm^-hm{Z ImVm V`ma {H$`m J`m h&

The Profit and Loss Account has been prepared in conformity with Form B of the Third Schedule to the Banking Regulation Act, 1949.

lrVr dr. Ama. A`a

{~. nr. em

AU lrdmVd

Ama. H$moQ>rdaZ

H$UHw$ma Ho$ Zma

Mrs. V.R. Iyer

B.P. Sharma

Arun Shrivastava

R. Koteeswaran

Krishnakumar K. Nair

A`j Ed ~Y {ZXoeH$

H$m`nmbH$ {ZXoeH$

H$m`nmbH$ {ZXoeH$

H$m`nmbH$ {ZXoeH$

w {dmr A{YH$mar

Chairperson and
Managing Director

Executive Director

Executive Director

Executive Director

AZyn dYmdZ Anup Wadhawan


Ama. Eb. {~ZmoB R. L. Bishnoi
ogg EgAma~r ES> Egmo{gEQg

Chief Financial Officer

{ZXoeH$JU DIRECTORS
Eg. Eg. ~m[aH$ S. S. Barik
ZraO ^m{Q>`m Neeraj Bhatia
E. E. naoam A. M. Pereira
nr. E. {gamOwrZ P. M. Sirajuddin
moX ^grZ Pramod Bhasin
Coe Hw$ma IoVmZ Umesh Kumar Khaitan
g {V{W H$s hmar [anmoQ> gb h Items of our report of even date attached
ogg BgmH$ ES> gwaoe
ogg E E {Zgr ES> H$.

M/s. SRB & Associates


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 310009B) (FRN 310009E)
gOrV nmm Sanjeet Patra
^mJrXma Partner
E. H$. 056121 M. No. 056121

M/s. Isaac & Suresh


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 001150Eg) (FRN 001150S)
~oZr Omogo$ Benny Joseph
^mJrXma Partner
E. H$. 200689 M. No. 200689

M/s. M. M. Nissim and Co.


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 107122S>`y) (FRN 107122W)
gO IomZr Sanjay Khemani
^mJrXma Partner
E. H$. 044577 M. No. 044577

ogg S>r. qgh ES> H$. M/s. D. Singh & Co.


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 001351EZ) (FRN 001351N)
{gaZ qgh Simran Singh
^mJrXma Partner
E. H$.098641 M. No. 098641
{XZmH$ : 15 B, 2014/Date : 15h May, 2014

ogg Oo. nr. H$nya ES> C~oam M/s. J. P. Kapur & Uberai
gZXr boImH$ma Chartered Accountants
(E$AmaEZ 000593EZ) (FRN 000593N)
XrnH$ oZZ Deepak Menon
^mJrXma Partner
E. H$. 084225 M. No. 084225

ogg ES>mog. ES> H$. M/s. Andros & Co.


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 008976EZ) (FRN 008976N)
Amo H$me bmH$S>m Om Prakash Lakra
^mJrXma Partner
E. H$. 081431 M. No. 081431

91

/ BANK OF INDIA

/ Annual Report 2013-14

31 mM, 2014 H$mo gm df Ho$ {bE ZH$Xr dmh H$m {ddaU

Statement of Cash Flow for the year ended 31st March, 2014

(` in 000)

{ddaU

H$mo gm df

Particulars

H$mo gm df

Year ended
31.03.2014

A. Cash Flow from Operating Activities:


H$. n[aMmbZJV J{V{d{Y`m| go ZH$Xr dmh
Net Profit before taxes
35,450,535
H$a Ho$ nhbo {Zdb bm^
Adjustments for:
{ZZ{bpIV Ho$ {bE gm`moOZ:
Amortisation/Depreciation on Investments
2,770,396
{Zdoem| na n[aemoYZ / y`mg
Depreciation on Fixed Assets
2,278,713
AMb AmpV`m| na y`mg
Profit/(Loss) on sale of Fixed Asset
3,642
AMb gn{m`m| H$s {~H$s na bm^ / (hm{Z)
Provision for NPA
39,958,683
EZnrE Ho$ {bE mdYmZ
Provision for Standard Assets
4,226,662
mZH$ AmpV`m| Ho$ {bE mdYmZ
Provision for Other Assets
3,867,630
A` AmpV`m| Ho$ {bE mdYmZ
Payment / Provision for Interest on Subordinated Bonds, IPDI, Upper Tier II Bonds
9,203,054
JmU ~mSg AmBnrS>rAmB, Ana {Q>`a II ~mSg na ^wJVmZ `mO hoVw mdYmZ
Dividend received
(459,038)
m bm^me
Adjustments for:
{ZZ{bpIV Ho$ {bE gm`moOZ:
Increase /( Decrease) in Deposits
951,344,659
Omam{e`m| | ~T> / (KQ>)
Increase /( Decrease) in Borrowings
113,215,601
CYma | ~T> / (KQ>)
Increase / (Decrease)in Other Liabilities and Provisions
49,543,107
A` Xo`VmAm| Ama mdYmZm| | ~T> / (KQ>)
(Increase) / Decrease in Investments
(197,307,551)
{Zdoem| | ~T> / (KQ>)
(Increase )/ Decrease in Advances
(853,619,075)
A{Jm| | ~T> / (KQ>)
(Increase) / Decrease in Other Assets
(93,731,682)
A` AmpV`m| | (~T>) / KQ
Direct Taxes (Paid)/Refund
(2,500,301)
`j H$a (^JVmZ) / dmngr
Net Cash Flow from Operating Activities (A)
64,245,035
n[aMmbZJV J{V{d{Y`m| go {Zdb ZH$Xr dmh (H$)
B. Cash Flow from Investing Activities:
I. {Zdoe J{V{d{Y`m| go ZH$Xr dmh:
Purchase of Fixed Assets
(6,183,945)
AMb AmpV`m| H$s IarX
Sale of Fixed Assets
342,751
AMb AmpV`m| H$s {~H$s
Additional investment in Subsidiaries/Joint Ventures/ Associates.
(852,896)
ghm`H$ H$n{Z`m|/OmBQ> d|Mg/Egmo{gEQg | A{V[a$ {Zdoe
Dividend received
459,038
m bm^me
Net Cash Flow from Investing Activities (B)
(6,235,052)
{Zdoe J{V{d{Y`m| go {Zdb ZH$Xr dmh (I)
C. Cash Flow from Financing Activities:
J. {dmnmofU J{V{d{Y`m| go ZH$Xr dmh
Share Capital
463,607
eo`a nyOr
Share Premium
9,536,393
eo`a r{`
IPDI, Subordinated Bonds & Upper Tier II Bonds (Net)
17,383,654
AmBnrS>rAmB, JmU ~mS> VWm Ana {Q>`a II ~mS> ({Zdb)
Dividend (Interim & Final) paid
(10,726,238)
Xm bm^me (AV[a Ed A{V)
Interest Paid on IPDI, Subordinated Bonds, Upper Tier II Bonds
(9,203,055)
AmBnrS>rAmB, JmU ~mS> VWm Ana {Q>`a II ~mS> na Xm `mO
Net Cash Flow from Financing Activities (C)
7,454,361
{dmnmofU J{V{d{Y`m| go {Zdb ZH$Xr dmh (J)
Net Increase in Cash & Cash Equivalents (A)+(B)+(C)
65,464,344
ZH$X Ama ZH$Xr gVw` | {Zdb ~T>V (H$)+(I)+(J)
Cash and Cash Equivalents as at the beginning of the year
548,358,594
df Ho$ Ama^ | ZH$Xr Ed ZH$Xr gVw`
Cash and Cash Equivalents as at the end of the year
613,822,938
df Ho$ AV | ZH$Xr Ed ZH$Xr gVw`
lrVr dr. Ama. A`a
{~. nr. em
AU lrdmVd
Ama. H$moQ>rdaZ
H$UHw$ma Ho$ Zma

Year ended
31.03.2013
30,077,375
2,375,900
1,838,856
3,964
37,265,485
2,916,256
3,558,955
7,867,476
(446,377)
636,235,527
31,406,074
(16,313,176)
(80,879,245)
(442,607,015)
11,655,706
(17,385,548)
207,570,213
(3,725,936)
360,221
(95,113)
446,377
(3,014,451)
221,219
7,868,779
1,127,524
(4,659,760)
(7,867,476)
(3,309,714)
201,246,048
347,112,546
548,358,594

Mrs. V.R. Iyer

B.P. Sharma

Arun Shrivastava

R. Koteeswaran

Krishnakumar K. Nair

A`j Ed ~Y {ZXoeH$

H$m`nmbH$ {ZXoeH$

H$m`nmbH$ {ZXoeH$

H$m`nmbH$ {ZXoeH$

w {dmr A{YH$mar

Chairperson and
Managing Director

Executive Director

Executive Director

Executive Director

AZyn dYmdZ Anup Wadhawan


Ama. Eb. {~ZmoB R. L. Bishnoi
ogg EgAma~r ES> Egmo{gEQg

Chief Financial Officer

{ZXoeH$JU DIRECTORS
Eg. Eg. ~m[aH$ S. S. Barik
ZraO ^m{Q>`m Neeraj Bhatia
E. E. naoam A. M. Pereira
nr. E. {gamOwrZ P. M. Sirajuddin
moX ^grZ Pramod Bhasin
Coe Hw$ma IoVmZ Umesh Kumar Khaitan
g {V{W H$s hmar [anmoQ> gb h Items of our report of even date attached
ogg BgmH$ ES> gwaoe
ogg E E {Zgr ES> H$.

M/s. SRB & Associates


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 310009B) (FRN 310009E)
gOrV nmm Sanjeet Patra
^mJrXma Partner
E. H$. 056121 M. No. 056121

M/s. Isaac & Suresh


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 001150Eg) (FRN 001150S)
~oZr Omogo$ Benny Joseph
^mJrXma Partner
E. H$. 200689 M. No. 200689

M/s. M. M. Nissim and Co.


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 107122S>`y) (FRN 107122W)
gO IomZr Sanjay Khemani
^mJrXma Partner
E. H$. 044577 M. No. 044577

ogg S>r. qgh ES> H$. M/s. D. Singh & Co.


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 001351EZ) (FRN 001351N)
{gaZ qgh Simran Singh
^mJrXma Partner
E. H$.098641 M. No. 098641
{XZmH$ : 15 B, 2014/Date : 15h May, 2014

ogg Oo. nr. H$nya ES> C~oam M/s. J. P. Kapur & Uberai
gZXr boImH$ma Chartered Accountants
(E$AmaEZ 000593EZ) (FRN 000593N)
XrnH$ oZZ Deepak Menon
^mJrXma Partner
E. H$. 084225 M. No. 084225

ogg ES>mog. ES> H$. M/s. Andros & Co.


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 008976EZ) (FRN 008976N)
Amo H$me bmH$S>m Om Prakash Lakra
^mJrXma Partner
E. H$. 081431 M. No. 081431

92

/ BANK OF INDIA

/ Annual Report 2013-14

VwbZn H$s AZwgyMr

SCHEDULES To the Balance Sheet


(000's N>moS>o JE h Omitted)
Wm As at
Wm As at

AZwgy{M - 1 : nyOr
m{YH$V
300,00,00,000 ({nN>bo df 300,00,00,000) `10 `oH$
Ho$ B{$Q>r eo`a
Omar Ama A{^Xm
64,34,40,113 ({nN>bo df 59,70,79,427) eof `10 `oH$
Ho$ B{$Q>r eo`a 42,83,67,513 B{$Q>r eo`a em{b ({nN>bo
df 38,20,06,827) `10 `oH$ Ho$, nyU Xm Hw$b `428.37
H$amoS> ({nN>bo df `382.01 H$amoS>) Ho$ gaH$ma mam Ym[aV.
Hw$b
Xm nyOr
nyUV: Xm `oH$ `10 Ho$ 64,22,63,013 B{$Q>r eo`a
({nN>bo df 59,59,02,327)
OmoS|> : OV eo`am| H$s am{e
Hw$b
AZwgyMr - 2 : Ama{j{V`m Ama A{Yeof
I. H$mZyZr Ama{j{V`m :
Ama{^H$ eof
df Ho$ XmamZ n[adYZ
Hw$b ( I )
nyOr Ama{j{V`m :
E) nwZy`mH$Z Ama{j{V :
ma{^H$ eof
OmoS|> : gn{m H$m nwZy`mH$Z
KQ>mE : nwZw`mH$Z Ho$ H$maU y`mg/gmmoOZ
II.

OmoS> (E)
~r) A`
i) {Zdoe H$s {~H$s na bm^ n[an$Vm VH$ Ym[aV
ma{^H$ eof
OmoS|> : df Ho$ XmamZ n[adYZ
(i) H$m Cn-OmoS>
ii) {dXoer wm Q>mboeZ Ama{j{V
ma{^H$ eof
OmoS|> : df Ho$ XmamZ gm`moOZ ({Zdb)
(ii) H$m Cn-OmoS>
iii) {dgof Ama{jVr - wm dn ma{^H$ eof
df Ho$ XmamZ H$Q>m{Vm
(iii) H$m Cn-OmoS>
OmoS> (~r)
OmoS> (II)

31-03-2014
`

31-03-2013
`

30,000,000

30,000,000

6,434,401

5,970,794

6,434,401

5,970,794

6,422,630

5,959,023

7,391

7,391

6,430,021

5,966,414

59,568,842

52,695,475

7,000,000

6,873,367

66,568,842

59,568,842

Opening Balance

11,821,336

12,358,898

Add: Revaluation of Property

27,599,034

1,998,552

537,562

37,421,818

11,821,336

8,750,600

8,433,282

SCHEDULE - 1 : CAPITAL
AUTHORISED
300,00,00,000 (Previous year ended 300,00,00,000)
Equity Shares of `10 each
ISSUED AND SUBSCRIBED
64,34,40,113 Equity Shares (Previous year ended
59,70,79,427) of `10 each including 42,83,67,513
Equity Shares (Previous year ended 38,20,06,827) of
`10 each fully paid up amounting to `428.37 crores
(Previous year ended `382.01 crores ) held by Central
Government;
TOTAL
PAID-UP CAPITAL
64,22,63,013 Equity Shares (Previous year ended
59,59,02,327 ) of `10 each fully paid-up.
Add: Amount of shares forfeited
TOTAL
SCHEDULE - 2 : RESERVES & SURPLUS
I. Statutory Reserve :
Opening Balance
Additions during the year
TOTAL ( I )
II. Capital Reserves :
A) Revaluation Reserve :

Less: Depreciation/adjustments on account of


revaluation.
Total of (A)
B) Others
i) Profit on sale of Investments - "Held to Maturity"
Opening Balance
Additions during the year
Sub-total of (i)

51,063

317,318

8,801,663

8,750,600

11,153,627

9,664,922

ii) Foreign Currency Translation Reserve


Opening Balance
Add/ (Less) : Adjustments during the year (Net)
Sub-total of (ii)
iii) Special Reserve - Currency Swaps Opening
Balance
Deductions during the year

5,228,131

1,488,705

16,381,758

11,153,627

3,654

(3,654)

Total of (B)

25,183,421

19,904,227

TOTAL (II)

62,605,239

31,725,563

Sub-total of (iii)

93

12_Balance sheet (S)_BOI_(R)_2014

17 June 2014 6:23 PM

/ BANK OF INDIA

/ Annual Report 2013-14

VwbZn H$s AZwgyMr

SCHEDULES To the Balance Sheet


(000's N>moS>o

III.

IV.
i)

ii)

V.

eo`a {r` :
ma{^H$ eof
df Ho$ XmamZ n[adYZ (B{$Q>r H$m A{YmZr {ZJ)
OmoS|> : {dbmo{nV OV eo`a
OmoS> (III)
amOd Ed A` Ama{j{V`m :
amOd Ama{jVr:
ma{^H$ eof
df Ho$ XmamZ H$Q>m{Vm
OmoS|>/(KQ>mE): df Ho$ XmamZ n[adYZ
(iv) H$m Cn-OmoS>
Am`H$a A{Y{Z`,1961 H$s Ymam 36(1)(viii) Ho$
AVJV {deof Ama{jVr
ma{^H$ eof
OmoS|>: df Ho$ XmamZ n[adYZ
IV(ii) H$m Cn OmoS>
OmoS> (IV)
go{H$V bm^-hm{Z ImVo | eof
OmoS> ( I go V)

AZwgyMr - 3 : Omam{e`m
E I. mJ Omam{e`m :
i) ~H$m| go
ii) A` go
OmoS> (I)
II. ~MV ~H$ Omam{e`m
III. {`mXr Omam{e`m:
i) ~H$m| go
ii) A` go
OmoS> (III)
Hw$b E (I go III)
~r

i) ^maV

| emImAm| H$s Omam{e`m


ii) ^maV Ho$ ~mha H$s emImAm| H$s Omam{e`m
OmoS> (~r)

JE h Omitted)

Wm As at
31-03-2014
`

Wm As at
31-03-2013
`

46,313,073

38,444,294

9,536,393

7,868,779

SCHEDULE - 2 : RESERVES & SURPLUS (contd.)


III. Share Premium :
Opening Balance
Additions (Preferential Issue of Equity shares)
Add: On forfeited shares annulled
TOTAL (III)

55,849,466

46,313,073

82,907,670

72,572,128

IV. Revenue and Other Reserves :


i) Revenue Reserve :
Opening Balance
Deductions during the year

4,316,700

Add: Additions during the year

12,986,303

10,335,542

Sub-total of IV(i)

91,577,273

82,907,670

12,700,000

9,700,000

3,500,000

3,000,000

ii) Special Reserve u/s Sec 36(1)(viii) of Income


Tax Act, 1961
Opening Balance
Additions during the year
Sub-total of IV(ii)
TOTAL (IV)
V. Balance in Profit and Loss Account :
TOTAL ( I TO V)

16,200,000

12,700,000

107,777,273

95,607,670

292,800,820

233,215,148

SCHEDULE - 3 : DEPOSITS
A. I. Demand Deposits :
i) From Banks

3,864,302

10,594,715

ii) From Others

212,031,779

192,262,757

TOTAL (I)

215,896,081

202,857,472

II. Savings Bank Deposits

878,489,165

776,212,260

III. Term Deposits :


i) From Banks

526,193,189

389,418,666

ii) From Others

3,149,162,083

2,449,907,461

TOTAL (III)

3,675,355,272

2,839,326,127

TOTAL A(I, II, III)

4,769,740,518

3,818,395,859

B. i) Deposits of branches in India

3,635,902,216

2,940,667,388

ii) Deposits of branches outside India

1,133,838,302

877,728,471

TOTAL (B)

4,769,740,518

3,818,395,859

94

12_Balance sheet (S)_BOI_(R)_2014

17 June 2014 6:23 PM

/ BANK OF INDIA

/ Annual Report 2013-14

VwbZn H$s AZwgyMr

SCHEDULES To the Balance Sheet


(000's N>moS>o

AZwgyMr - 4 : CYma
^maV | CYma:
i) ^maVr` [aOd ~H$
ii) A` ~H$
E. {Q>`a I nyOr (AmB.nr.S>r.AmB)
~r. Ana {Q>`a II nyOr
gr. {V^y{Va{hV Ja-n[adVZr` moMZr` ~Yn ({Q>`a
II nyOr Ho$ {bE JmU F$U)
S>r. A`
OmoS> (ii)
iii) A` gWmE Ama A{YH$aU
E. {Q>`a I nyOr (AmB.nr.S>r.AmB)
~r. Ana {Q>`a II nyOr
gr. {V^y{Va{hV Ja-n[adVZr` moMZr` ~Yn ({Q>`a
II nyOr Ho$ {bE JmU F$U)
S>r. A`
OmoS> (ii)
OmoS> (I)
II. ^maV Ho$ ~mha go CYma
E. {Q>`a I nyOr (AmB.nr.S>r.AmB)
~r. Ana {Q>`a II nyOr
gr. A`
OmoS> (II)
OmoS> (I Ed II)
D$na gp{bV {V^y{V CYma
AZwgyMr - 5 : A` Xo`VmE Ed mdYmZ
I.
II.
III.
IV.
V.

Xo` {~b
AVa H$m`mb` gm`moOZ ({Zdb)
Cnm{OV Am`
AmW{JV H$a Xo`Vm
A`
OmoS>

JE h Omitted)

Wm As at
31-03-2014
`

Wm As at
31-03-2013
`

46,865,583

4,110

5,262,000

5,712,000

SCHEDULE - 4 : BORROWINGS
I. Borrowings in India :
i) Reserve Bank of India
ii) Other Banks
a. Tier I Capital ( I.P.D.I.)
b. Upper Tier II Capital
c. Unsecured Non-convertible Redeemable
Bonds (Subordinated for Tier-II Capital)

695,000

695,000

1,153,000

1,113,000

d. Others

17,676,334

14,882,355

Total ( ii )

24,786,334

22,402,355

a. Tier I Capital ( I.P.D.I.)

11,538,000

11,088,000

b. Upper Tier II Capital

41,625,000

41,625,000

c. Unsecured Non-convertible Redeemable


Bonds (Subordinated for Tier-II Capital)

31,847,000

16,887,000

d. Others

69,773,146

62,534,309

Total ( iii )

154,783,146

132,134,309

Total (I)

226,435,063

154,540,774

5,097,701

4,610,989

14,375,360

13,051,984

c. Others

238,366,979

181,472,101

Total (II)

257,840,040

199,135,074

Total ( I, II )

484,275,103

353,675,848

10,981,843

12,880,400

iii) Other Institutions and Agencies

II. Borrowings outside India


a. Tier I Capital ( I.P.D.I.)
b. Upper Tier II Capital

Secured borrowings included in above


SCHEDULE - 5 : OTHER LIABILITIES AND
PROVISIONS
I. Bills Payable
II. Inter-office adjustments (net)
III. Interest accrued
IV. Deferred Tax Liabilities
V. Others (Including Provisions)
TOTAL

95

18,415,642

14,936,158

15,865,734

3,124,632

133,392,308

83,832,724

178,655,527

114,773,914

/ BANK OF INDIA

/ Annual Report 2013-14

VwbZn H$s AZwgyMr

SCHEDULES To the Balance Sheet


(000's N>moS>o

AZwgyMr - 6 : ^maVr` [aOd ~H$ |


ZH$Xr Ama eof
I. hmW | ZH$Xr ({dXoer H$a|gr ZmoQ> Ed gmoZo g{hV)
II.

^maVr` [aOd ~H$ | eof:


ImVm| |
ii) A` ImVm| |
OmoS> (II)

i) Mmby

OmoS>

(I

Ed

II)

AZwgyMr - 7 : ~H$m| | eof Ed mJ VWm An gyMZm


na YZam{e
I. An gyMZm na YZam{e
i) ~H$m| | eof
E) Mmby ImVm| |
~r) A` Omam{e ImVm| |
ii) mJ na Ed An gyMZm na YZam{e
E) ~H$m| |
~r) A` gWmAm| |
OmoS> ( I )
II. ^maV Ho$ ~mha :
i) Mmby ImVm| |
ii) A` Ommam{e ImVm| |
iii) mJ na Ed An gyMZm na YZam{e
OmoS> ( II )
OmoS>

(I

Ed II)

AZwgyMr - 8 : {Zdoe
I. ^maV | {Zdoe:
i) gaH$mar {V^y{V
ii) A` AZwmo{XV {V^y{V`m
iii) eo`a
iv) {S>~|Ma Ed ~Yn
v) ghm`H$ H$n{Z`m| | {Zdoe
vi) A` (dm{UpH$ XVmdoO, yMwAb $S> H$s
BH$mBm, nmg Wy g{Q>{$Ho$Q>, gwajm agrX|, d|Ma $S>
Am{X)
OmoS> ( I )

JE h Omitted)

Wm As at
31-03-2014
`

Wm As at
31-03-2013
`

20,100,256

17,571,477

i) In Current Account

170,634,181

202,098,888

ii) In Other Accounts

TOTAL (II)

170,634,181

202,098,888

TOTAL ( I, II)

190,734,437

219,670,365

SCHEDULE - 6 : CASH AND BALANCES WITH


RESERVE BANK OF INDIA
I. Cash in hand
(including foreign currency notes and gold)
II. Balances with Reserve Bank of India :

SCHEDULE - 7 : BALANCES WITH BANKS &


MONEY AT CALL & SHORT NOTICE
I. In India :
i) Balances with Banks
a) in Current Accounts

4,816,255

5,446,559

97,525,408

86,269,260

a) With Banks

b) With Other Institutions

102,341,663

91,715,819

b) in Other Deposit Accounts


ii) Money at call and short notice

TOTAL ( I )
II. Outside India :
i) In Current Accounts
ii) In Other Deposit Accounts
iii) Money at call and short notice

9,884,084

5,481,190

309,053,093

228,819,335

1,809,661

2,671,885

TOTAL ( II )

320,746,838

236,972,410

TOTAL ( I, II )

423,088,501

328,688,229

966,802,623

794,907,507

SCHEDULE - 8 : INVESTMENTS
I. Investments in India :
i) Government Securities
ii) Other approved Securities
iii) Shares
iv) Debentures and Bonds
v) Subsidiaries and Associates
vi) Others (Commercial Papers, Units of Mutual
Funds, Pass Through Certificates, Security
Receipts, Venture Fund etc.)
TOTAL ( I )

96

11,647

11,647

8,969,758

9,232,587

83,862,831

55,387,975

4,456,814

4,134,540

21,006,353

42,381,640

1,085,110,026

906,055,896

/ BANK OF INDIA

/ Annual Report 2013-14

VwbZn H$s AZwgyMr

SCHEDULES To the Balance Sheet


(000's N>moS>o

JE h Omitted)

Wm As at
31-03-2014
`

Wm As at
31-03-2013
`

i) Government Securities (including local


authorities)
ii) In Subsidiaries and/or joint ventures abroad

36,015,903

23,764,631

4,600,444

4,069,822

iii) Other Investments (Debentures, Bonds etc.)

15,797,997

12,243,969

TOTAL ( II )

56,414,344

40,078,422

1,141,524,370

946,134,318

590,883,783

511,686,089

ii) Cash Credits, Overdrafts and Loans


repayable on demand
iii) Term Loans

1,620,580,154

1,228,782,177

1,495,871,427

1,153,206,706

TOTAL (A)

3,707,335,364

2,893,674,972

2,494,724,889

1,879,769,741

ii) Covered by Bank/Government Guarantees

549,217,036

606,559,629

iii) Unsecured

663,393,439

407,345,602

3,707,335,364

2,893,674,972

i) Priority Sector

773,955,592

649,660,787

ii) Public Sector

472,909,900

298,815,767

SCHEDULE - 8 : INVESTMENTS (contd.)


Gross `109,12,80,429 (Previous year ended
`91,14,01,218)
Less: Depreciation ` 61,70,403 (Previous year
` 53,45,322)
ended ` 53,45,322)
II. Investments outside India :

gH$b `109,12,80,429 ({dJV dfmV `91,14,01,218)


KQ>mE ymg ` 61,70,403 ({dJV dfmV

^maV Ho$ ~mha {Zdoe:


{V^y{V`m (WmZr` m{YH$aUm| g{hV)

i) gaH$mar
ii) {dXoem|

| AZwf{Jm| Ama/m gwV Cm| |


iii) A {Zdoe ({S>~|Ma, ~mS> Am{X)
Hw$b ( II )
gH$b `6,12,29,712 ({dJV dfmV `4,45,58,161)
KQ>mE y mg Ama gH$mU ({dJV dfmV `44,79,739)
OmoS> ( I, II)
AZwgyMr - 9 : A{J
E. i) H$sV {~b Ama ~>mH$V {~b
ii) ZH$X CYma, AmodaSmQ> Ama mJ na {VgXo` F$U
iii) {`mXr

F$U

Hw$b (E)
~r.

Gross `6,12,29,712( Previous year ended


`4,45,58,161) less depreciation and amortisation
`48,15,367 (Previous year ended `44,79,739)
TOTAL ( I, II)
SCHEDULE - 9 : ADVANCES
A. i) Bills Purchased and Discounted

B. Particulars of Advances :
i) yV

AmpV`m| mam {V^yV (Bg| ~hr F$Um| Ho$ {Z{m


A{J em{b h)
ii) ~H$/gaH$mar Jma{Q>`m| mam gwa{jV
iii) A{V^yV
OmoS> (~r)
gr. A{Jm| H$m joddma dJuH$aU :
I. ^maV | A{J
i) mW{H$Vm m jo
ii) gmdO{ZH$ jo
iii) ~H$
iv) A`
OmoS> gr (I)
II. ^maV Ho$ ~mha A{J :
i) ~H$m| go Xo`
ii) A`m| go Xo`
H$) H$sV {~b Ama ~>mH$V {~b
I) gyhZH$V F$U
J) A`
OmoS> (II)
OmoS> (gr-I Ed gr-II)

i) Secured by tangible assets


(includes advances against Book Debts)

TOTAL (B)
C. Sectoral Classification of Advances :
I. Advances in India

iii) Banks

934,951

1,805,600

iv) Others

1,348,348,482

1,063,400,725

TOTAL (C-I)

2,596,148,925

2,013,682,879

341,257,630

306,819,176

a) Bills Purchased and Discounted

186,242,008

184,660,244

b) Syndicated Loans

186,925,377

152,816,449

c) Others

396,761,424

235,696,224

TOTAL (C-II)

1,111,186,439

879,992,093

TOTAL ( C - I, C - II )

3,707,335,364

2,893,674,972

II. Advances outside India :


i) Due from Banks
ii) Due from others

97

/ BANK OF INDIA

/ Annual Report 2013-14

VwbZn H$s AZwgyMr

SCHEDULES To the Balance Sheet


(000's N>moS>o

JE h Omitted)

Wm As at
31-03-2014
`

Wm As at
31-03-2013
`

11,631,340

11,476,796

1,902,558

154,544

4,382

Sub-total

13,529,516

11,631,340

Addition to date on account of revaluation


credited to revaluation reserve

47,212,385

19,613,350

Less : Depreciation to date (including ` 97,905,68


on account of revaluation - Previous year end
`77,92,016)
TOTAL -( I )

13,099,523

10,594,208

47,642,377

20,650,482

17,936,034

15,192,015

3,767,783

3,145,807

631,151

401,788

Sub-total

21,072,665

17,936,034

Less: Depreciation to date

12,280,048

10,797,238

8,792,617

7,138,796

1,425,581

911,976

57,860,575

28,701,254

I. Inter-office adjustments (net)

18,914,782

1,114,569

II. Interest accrued

26,020,581

19,209,454

III. Tax paid in advance/tax deducted at source (net)

52,052,219

44,055,583

27,720

22,444

1,266,837

794,457

VI. Others

113,076,604

43,961,538

TOTAL

211,358,743

109,158,045

AZwgyMr - 10 : AMb AmpV`m


I. n[aga :
bmJV na Ama{^H$ eof
df Ho$ XmamZ n[adYZ/gm`moOZ
KQ>mE: df Ho$ XmamZ H$Q>m{V`m/ gm`moOZ
Cn-OmoS>
nwZy`Z Ama{jV {Z{Y | Om {H$E JE nwZy`Z Ho$
H$maU Bg VmarI VH$ OmoS>
KQ>mE : Bg VmarI H$mo y`mg (nwZy`mH$Z Ho$ H$maU
` 97,905,68 g{hV {nN>bo df | `77,92,016)
OmoS> ( I )
II. A` AMb AmpV`m :
(${ZMa Ed {$Ma gp{bV h)
bmJV na Ama{^H$ eof
df Ho$ XmamZ n[adYZ/gm`moOZ
KQ>mE: df Ho$ XmamZ H$Q>m{V`m/gm`moOZ
Cn-OmoS>
KQ>mE: Bg VmarI H$mo y`mg
OmoS> ( II )
III. {ZmUmYrZ nyOrJV H$m`
OmoS> ( I go III )

SCHEDULE - 10 : FIXED ASSETS

AZwgyMr - 11 : A` AmpV`m
I. AVa H$m`mb` gm`moOZ ({Zdb)
II. Cn{MV `mO
III. A{J $n go Xm H$a / moV na H$mQ>o JE H$a ({Zdb)
IV. boIZ gmJr Ama Q>n
V. AmW{JV H$a AmpV`m
VI. A`
OmoS>

SCHEDULE - 11 : OTHER ASSETS

I. PREMISES :
Opening Balance at cost
Additions / Adjustments during the year
Less:Deductions / Adjustments during the year

II. OTHER FIXED ASSETS :


(including Furniture and Fixtures)
Opening Balance at cost
Additions / Adjustments during the year
Less:Deductions / Adjustments during the year

TOTAL ( II )
III. CAPITAL WORK IN PROGRESS
TOTAL ( I, II, III )

IV. Stationery and Stamps


V. Deferred Tax Assets

98

/ BANK OF INDIA

/ Annual Report 2013-14

VwbZn H$s AZwgyMr

SCHEDULES To the Balance Sheet


(000's N>moS>o

AZwgyMr - 12 : AmH$pH$ Xo`VmE


I. ~H$ Ho$ {d Xmd| {Oho F$U Ho$ $n | drH$ma Zht
{H$`m J`m h
II. AeV: Xm {Zdoem| Ho$ {bE Xo`VmE
III. ~H$m`m dm`Xm {d{Z` g{dXmAm| Ho$ H$maU Xo`VmE
IV.

V.
VI.
VII.

JE h Omitted)

Wm As at
31-03-2014
`

Wm As at
31-03-2013
`

10,449,068

8,113,001

1,951,442

1,170,424

1,431,828,363

1,426,112,004

a) In India

183,647,460

167,395,925

b) Outside India

229,377,025

128,253,018

305,960,175

271,427,822

294,505,775

202,187,374

66,973,660

12,208,459

2,524,692,968

2,216,868,027

For the
Year ended
31-03-2014

For the
Year ended
31-03-2013

SCHEDULE - 12 : CONTINGENT LIABILITIES


I. Claims against the Bank not acknowledged as
debts
II. Liability for partly paid Investments
III. Liability on account of outstanding forward
exchange contracts
IV. Guarantees given on behalf of Constituents :

gKQ>H$m| H$s Amoa go Xr JB Jma{Q>`m:


E) ^maV |
~r) ^maV Ho$ ~mha
drH$ma, n>mH$Z Ed A` Xm{`d

V. Acceptances, endorsements and other


obligations
VI. Interest Rate Swaps

`mO Xa dn
A` Xo {OZHo$ {bE ~H$ AmH$pH$ $n | XoZXma h

VII. Other items for which the Bank is contingently


liable
TOTAL

OmoS>
bm^ Ed hm{Z ImVo H$s AZwgy{M`m

SCHEDULES TO PROFIT AND LOSS ACCOUNT

H$mo gmV df hoVw H$mo gmV df hoVw


AZwgyMr - 13 : A{OV `mO Ed bm^me
I. A{Jm|/{~b na `mO/~>m
II. {Zdoem| na Am`
III. ^maVr` [aOd ~H$ Ama A` AVa ~H$ {Z{Y`m| Ho$ eofm|
na `mO
IV. A`
OmoS>

271,192,766

231,392,121

II. Income on Investments

84,049,660

72,612,644

III. Interest on balances with Reserve Bank of India


and other inter-bank funds

20,033,696

12,569,655

IV. Others

3,824,894

2,514,870

TOTAL

379,101,016

319,089,290

14,260,912

12,631,524

7,956,294

4,470,597

7,111,702

6,440,395

SCHEDULE - 13 : INTEREST EARNED


I. Interest/Discount on advances/bills

AZwgyMr - 14 : A` Am`
I. H$reZ, {d{Z` Ama Xbmbr
II. {Zdoem| Ho$ {dH$` na bm^
KQ>mE : {Zdoem| Ho$ {dH$` na ZwH$gmZ
III. ^y{, ^dZm| Ama A` AmpV`m| Ho$ {dH$` na
bm^
KQ>mE : AMb AmpV`m| Ho$ {dH$` na ZwH$gmZ

SCHEDULE - 14 : OTHER INCOME

{d{Z` g`dhmam| na bm^ - {Zdb


KQ>mE : {d{Z` g`dhmam| na ZwH$gmZ

IV Profit on exchange transactions

IV

I. Commission, exchange and brokerage


II. Profit on sale of Investments
Less Loss on sale of Investments

7,957,771
1,478

III. Profit on sale of land, buildings and


other assets

Less Loss on sale of land, buildings


and other assets

Less Loss on exchange transactions

99

31,496,088
24,384,387

/ BANK OF INDIA

/ Annual Report 2013-14


(000's N>moS>o

bm^ Ed hm{Z ImVo H$s AZwgy{M`m

JE h Omitted)

SCHEDULES TO PROFIT AND LOSS ACCOUNT


For the
Year ended
31-03-2014

For the
Year ended
31-03-2013

H$mo gmV df hoVw H$mo gmV df hoVw

V
VI

ghm`H$ H$n{Z`m|/H$n{Z`m| Ama/AWdm g`w$


Cm| go bm^me Am{X Ho$ $n | A{OV Am`
{d{dY Am`

SCHEDULE - 14 : OTHER INCOME


(contd.)
V Income earned by way of dividends
etc., from subsidiaries / cos.and/or JVs
VI Miscellaneous Income
TOTAL

459,038

446,377

13,130,450

13,671,538

42,918,396

37,660,431

`
I.
II.

III.

AZwgyMr - 15 : `` {H$`m J`m `mO


Omam{e`m| na `mO
^maVr` [aOd ~H$ / AVa ~H$ ~H$ CYmam|
`mO
JmU F$Um|, AmBAmaEg B`m{X na `mO
OmoS>

AZwgyMr - 16 : n[aMmbZJV ``
I.

H$Mm[a`m| H$mo ^wJVmZ Ama CZHo$ {bE mdYmZ

II.

{H$am`m, H$a Ed {~Obr


wU Ed boIZ gmJr
{dkmnZ Ed Mma
~H$ H$s gn{m na y`mg
(nwZy`Z Ama{j{V`m| na {Zdb y`mg)
{ZXoeH$m| Ho$ ^mo Ama ``

III.
IV.
V.

VI.
VII.

VIII.
IX.
X.
XI.
XII.

boIm narjH$m| H$s $sg Ama ``


(emIm boIm narjH$m| H$s $sg Ed ``)
{d{Y ^ma
S>mH$ ``, Vma, Q>o{b$moZ Am{X
aV Ed aIaImd
~rm
A` IM
OmoS>

SCHEDULE - 15 : INTEREST EXPENDED


I. Interest on Deposits

237,749,182

202,383,076

II. Interest on Reserve Bank of India /


inter-bank borrowings

18,375,103

14,885,950

III. Interest on subordinated debts, IRS etc.

14,671,409

11,580,272

270,795,694

228,849,298

39,911,459

31,305,157

5,348,486

4,298,222

III. Printing and Stationery

711,884

611,555

IV. Advertisement and Publicity

854,280

627,577

2,278,713

1,838,856

1,555

1,325

531,042

372,218

254,994

187,574

IX. Postage, Telegrams, Telephones, etc.

748,708

453,044

X. Repairs and Maintenance

629,471

599,486

3,169,730

2,281,577

12,554,358

10,738,876

66,994,680

53,315,467

TOTAL
SCHEDULE - 16 : OPERATING
EXPENSES
I. Payments to and provisions for
employees
II. Rent, Taxes and Lighting

V. Depreciation on Bank's property


( Net of Depreciation on Revaluation
Reserve )
VI. Directors' fees, allowances and
expenses
VII. Auditors' fees and expenses
( Including brach Auditors fees &
expenses )
VIII. Law Charges

XI. Insurance
XII. Other Expenditure
TOTAL

100

/ BANK OF INDIA

AZwgyMr 17
hdnyU boIm Zr{V`m
1. V`ma H$aZo H$m AmYma :
{dmr` {ddaU M{bV {dMma Ymam H$m nmbZ H$aVo hE, nanamJV bmJV
AmYma na ^maV | gmm`V: AnZmE OmZo dmbo boIm {gmVm| (OrEEnr)
na V`ma {H$E JE h, {Og| bmJy gm{d{YH$ Cn~Y, ^maVr` [aOd ~H$ mam
{ZYm[aV {d{Z`mH$ eV} ^maVr` gZXr boImH$ma gWmZ (AmBgrEAmB) mam
Omar boImH$Z mZH$ (EEg) Ama ^maV Ho$ ~qH$J CmoJ | {dmZ boImH$Z
n{V em{b h& {dXoer emImAm|/H$m`mb`m| Ho$ g~Y | g~{YV {dXoem| |
M{bV gm{d{YH$ Cn~Ym| VWm boImH$Z n{V`m| H$m AZwnmbZ {H$`m h,
{gdm` CZHo$ {Oh|X A`b {d{Z{X>n {H$`m J`m h&
2. m$WbZ H$m `moJ :
{dmr` {ddaU H$mo V`ma H$aZo Ho$ {bE `h Amd`H$ h {H$ {dmr` {ddaU H$s
{V{W H$mo [anmoQ> {H$E J`o AmpV VWm Xo`VmAm| (AmH$pH$ Xo`VmAm| g{hV)
H$s am{e Ama [anmo{Q>J Ad{Y Ho$ {bE [anmoQ> {H$E J`o Am` Ama ``m| Ho$
gw{dMm[aV AZwmZm| VWm YmaUm| H$mo ~YZ nyam H$ao& ~YZ `h {dmg H$aVm
h {H$ {dmr` {dda{U`m| H$mo V`ma H$aZo | Cn`moJ {H$E J`o AZwmZ `Wmo{MV
VWm R>rH$ h& VWm{n m$bZ go Agb n[aUm | AVa hmo gH$Vm h& boIm
m$MbZ | {H$gr gemoYZ H$mo Mmby Ama ^{d` Ad{Y H$mo `mZ | aIH$a
m`Vm Xr OmVr h&
3. amOd nhMmZ
(H$) gmm`V: Am`/`` H$m boImH$Z CnM` AmYma na {H$`m OmVm h O~
VH$ {H$ A`Wm CoI Z {H$`m J`m hmo& {dXoer H$m`mb`m| Ho$ g~Y | Cg
g~{YV Xoe Ho$ WmZr` H$mZyZ Ho$ AZwgma Am` {ZYm[aV H$s OmEJr&
(I) ^maVr` [aOd ~H$ Ho$ {Xem{ZX}em| Ho$ AZwgma {gdm` AZwnmXH$ AmpV`m|
na `mO Ho$ {OgH$m dgybr hmoZo na {ZYmaU {H$`m OmVm h, g` AZwnmV
Ho$ AmYma na `mO Am` H$m {ZYmaU {H$`m OmVm h&
(J) ~H$ JmaQ>r Ama gmI n Omar H$aZo na H$reZ H$m CnM` ~rOr/Ebgr
Ho$ H$m`H$mb na hmoVm h&
(K) A` g^r H$reZ Ama {d{Z`, ~moH$aoO, ewH$ VWm A` ^mam| Ho$
dgybr na Am` Ho$ $n | {ZYmaU {H$`m OmVm h&
(L>) n[an$Vm VH$ Ym[aV loUr | {Zdoe na Am` (`mO Ho$ Abmdm) CgHo$
A{H$V y` na m Ny>Q> na {ZZmZwgma {ZYm[aV H$s OmVr h :
1. `mO XoZo dmbo {V^y{V`m| na Ho$db {~H$s/arSo>eZ Ho$ g` hr
BgH$m {ZYmaU {H$`m OmVm h&
2. Oramo-Hy$nZ {V^y{V`m| na {ZaVa {V$b Ho$ AmYma na {V^y{V Ho$
eof n[an$VVm H$mb na BgH$m boImH$Z {H$`m OmVm h&
(M) {Zdoem| H$s {~H$s go hE bm^ AWdm hm{Z H$mo bm^ VWm hm{Z ImVo |
m``Vm Xr OmVr h& VWm{n n[an$Vm VH$ Ym[aV loUr Ho$ VhV {Zdoem|
H$s {~H$s | bm^ H$s pW{V | H$am| Ho$ {Zdb Ama gm{d{YH$ amOdg
| AVaU Ho$ {bE Amd`H$ am{e Ho$ gmZ am{e H$mo nyOr amOd ImVo |
{d{Z`mo{OV {H$`m OmVm h&
(N>) bm^me m H$aZo H$m A{YH$ma Wm{nV hmoZo na bm^me H$m {ZYmaU {H$`m
OmVm h&
(O) y`mH$Z AmXoe nmg H$aZo Ho$ df | Am`H$a- [a$S> na `mO H$m
{ZYmaU {H$`m OmVm h&
(P) EZnrE ImVm| go H$s JB dgybr H$m {d{Z`moOZ nhbo CYmaH$Vm Ho$ ImVo
| So>{~Q> {H$E JE Am) `mO/Am`, {H$E JE ``/AmCQ> Am$
nmHo$Q> `` CgHo$ ~mX ~H$m`m ybYZ Ama AV | A^m[aV `mO |
{d{Z`mo{OV H$s OmVr h&

/ Annual Report 2013-14


SCHEDULE 17:
SIGNIFICANT ACCOUNTING POLICIES:
1) BASIS OF PREPARATION:

The financial statements are prepared following the going


concern concept, on historical cost basis unless otherwise stated
and conform, in all material aspects, to the Generally Accepted
Accounting Principles (GAAP) in India, which encompasses
applicable statutory provisions, regulatory norms prescribed by
the Reserve Bank of India (RBI), Accounting Standards (AS) and
pronouncements issued by The Institute of Chartered Accountants
of India (ICAI) and accounting practices prevalent in the banking
industry in India. In respect of foreign offices/branches, statutory
provisions and accounting practices prevailing in the respective
foreign countries are complied with, except as specified elsewhere.

2) USE OF ESTIMATES:

The preparation of financial statements requires the management to


make estimates and assumptions considered in the reported amount
of assets and liabilities (including contingent liabilities) as of date
of the financial statements and the reported income and expenses
for the reporting period. Management believes that the estimates
used in the preparation of the financial statements are prudent and
reasonable. However actual results can differ from estimates. Any
revision to accounting estimates is recognized prospectively in
current and future periods.

3) REVENUE RECOGNITION:
(a) Income/Expenditure is recognised on accrual basis, unless
otherwise stated. In respect of foreign offices, income is
recognised as per local laws of host country.
(b) Interest income is recognised on time proportion basis except
(i) interest on Non-performing Assets, which is recognised on
realisation, in terms of the RBI guidelines.
(c) Commission on issue of Bank Guarantee and Letter of Credit is
accrued over the tenure of BG/LC.
(d) All other Commission and Exchange, Brokerage, Fees and
other charges are recognised as income on realisation.
(e) Income (other than interest) on investments in Held to Maturity
category acquired at a discount to the face value, is recognised
as follows:
1. On Interest bearing securities, it is recognised only at the
time of sale/ redemption.
2. On zero-coupon securities, it is accounted for over the
balance tenor of the security on a constant yield basis.
(f) Profit or loss on sale of investments is recognised in the
Profit and Loss account. However, in case of profit on sale of
investments under Held to Maturity category, an equivalent
amount, net of taxes and amount required to be transferred
to Statutory Reserves, is appropriated to Capital Reserve
Account.
(g) Dividend is recognised when the right to receive the dividend is
established.
(h) Interest on Income-tax refund is recognised in the year of
passing of assessment order.
(i) The recoveries made from NPA accounts are appropriated
first towards unrealised interest/income debited to borrowers
accounts, expenditure/out of pocket expenses incurred, then
principal dues and lastly towards uncharged interest.

101

/ BANK OF INDIA

/ Annual Report 2013-14

4. A{J
(H$) bmJy {d{Z`mH$ {Xem{ZX}em| Ho$ AZwgaU | A{J H$mo CnmXH$ Ama
AZwnmXH$ A{Jm| (EZnrE) Ho$ $n | dJuH$V {H$`m OmVm h&
(I) bmJy {d{Z`mH$ {Xem{ZX}em| Ho$ AZwgma AZOH$ AmpV`m| (EZnrE) H$mo
AmJo AdmZH$, g{XY VWm hm{Z AmpV`m| Ho$ $n | dJuH$V {H$`m J`m
h&
(J) Kaoby emImAm| Ho$ g~Y | EZnrE go g~{YV mdYmZ ~H$ H$s Zr{V Ho$
AZwgma {deofH$a EZnrE H$m d[aV mdYmZrH$aU Ho$ AZwgma {H$`m J`m
h {OgH$m Xa {ZZmZwgma h&
EZnrE H$s loUr

4) ADVANCES:
(a) Advances are classified into Performing and Non-Performing
Advances (NPAs) in accordance with the applicable regulatory
guidelines.
(b) NPAs are further classified into Sub-Standard, Doubtful and
Loss Assets in terms of applicable regulatory guidelines.
(c) In respect of domestic branches, Provisions in respect of NPAs
is made as per policy of the bank particularly in accelerated
provisioning for NPAs which is at the rate given as under:

Category of NPAs

{Zdb ~H$m`m A{J H$m %


% of net outstanding advance

Sub Standard:*
AdmZH$ AmpV *
a) Exposures, which are unsecured ab initio
25%
H$) EgnmoOa, Omo Ama^ go Ja OmZVr h
b) Others
15%
I) A`
Doubtful:
g{XY :
H$) OmZVr {hgm (Cg Ad{Y Ho$ {bE {OgHo$ XmamZ A{J a) Secured portion (Period for which advance has
remained in doubtful category)
g{XY loUr | hr ahm)
- Upto one year
50%
- EH$ df VH$
One
year
to
three
years
60%
- EH$ df go VrZ df VH$
- More than three years
100%
- VrZ df go A{YH$
b)
Unsecured
portion
100%
I) Ja OmZVr {hgm
Loss
100%
hm{Z
* ~H$m`m A{J na
* on the outstanding advance
(K) {dXoer emImAm| Ho$ g~Y |, A{Jm| H$m EZnrE Ho$ $n | dJuH$aU
(d) In respect of foreign branches, classification of advances as
NPAs and provision in respect of NPAs is made as per the
Ama EZnrE Ho$ g~Y | mdYmZ g~{YV {dXoer Xoe | bmJy {d{Z`mH$
regulatory requirements prevailing at the respective foreign
Amd` H$VmAm| AWdm Kaoby emImAm| Ho$ {bE bmJy {Xem{ZX}em| Ho$
countries or as per guidelines applicable to domestic branches,
AZwgma hmoJr Omo ^r H$S>o hmo&
whichever is stringent.
(L>) ^maVr` [aOd ~H$ Ho$ mZH$m| Ho$ AZwgma {Zdb A{J Ho$ n[aH$bZ hoVw
(e) Provisions in respect of NPAs, unrealised interest, ECGC
Hw$b A{Jm| | go AZwnmXH$ AmpV`m, AdgybrH$V `mO, BgrOrgr
claims settled, etc., are deducted from total advances to arrive
Xmdm {ZnQ>mZ B`m{X Ho$ g~Y | mdYmZ KQ>mE OmVo h&
at net advances as per RBI norms.
(M) nwZ{ZYm[aV/nwZ:ga{MV ImVm| Ho$ g~Y | {dmZ y` pW{V |
(f) In respect of Rescheduled/Restructured advances, provision is
AmH${bV `mO nwZga{MV A{J Ho$ y` | mg Ho$ n[a`mJ Ho$ {bE
made for the diminution in the fair value of restructured advances
^maVr` [aOd ~H$ Ho$ {Xem{ZX}em| Ho$ AZwgma mdYmZ {H$`m OmVm h&
measured in present value terms as per RBI guidelines. The
{Zdb A{J Ho$ n[aH$bZ hoVw Bg mdYmZ H$mo KQ>m`m OmVm h&
said provision is reduced to arrive at Net advances.
(N>) AmpV nwZJR>Z H$nZr (EAmagr)/{V^y{VH$aU H$nZr (Eggr) H$mo
(g) In case of financial assets sold to Asset Reconstruction
{dmr` AmpV`m ~oM XoZo Ho$ mbo | `{X {~H$s H$m y` {Zdb ~hr
Company (ARC) / Securitisation Company (SC), if the sale
y`n (EZ~rdr) go A{YH$ h Vmo A{V[a$` am{e H$mo aIm OmVm h Ama
is at a price higher than the NBV, the surplus is retained and
utilised to meet the shortfall/loss on account of sale of other
Eggr/EAmagr H$mo A`b {dmr` AmpV`m| H$s {~H$s | hmoZodmbr H$r/
financial assets to SC/ARC. If the sale is at a price below the
hm{Z H$s ny{V hoVw Cn`moJ {H$`m OmVm h& `{X {~H$s {Zdb ~hr y`
net book value (NBV), (i.e. outstanding less provision held)
(EZ~rdr) go ZrMo h (AWmV aIo JE mdYmZ go H$ ~H$m`m) Vmo H$r
the shortfall is to be debited to the Profit and Loss account.
H$mo bm^ Ed hm{Z ImVo | Zmo {H$`m OmVm h& `{X A{V[a$ am{e CnbY
However if surplus is available, such shortfall will be absorbed
h Vmo Eogr H$r H$mo Cg| Inm`m OmEJm& 26.02.2014 H$mo AWdm CgHo$
in the surplus. Any such shortfall arising due to sale of NPA on
~mX EZnrE H$s {~H$s go Cn {H$gr ^r H$r H$mo `{X A{V[a$ am{e |
or after 26/02/2014 will be amortised over a period of two years
Inm`m Zht OmVm h Vmo Cgo Xmo df H$s Ad{Y Ho$ {bE n[aemo{YV {H$`m
if not absorbed in the surplus.
OmEJm&

Excess provision arising out of sale of NPAs are reversed only
EZnrE H$s {~H$s go m A{V[a$ mdYmZ H$mo V^r [adg {H$`m OmEJm
when the cash received (by way of initial consideration only/
O~ AmpV H$m {Zdb ~hr y`r m ZH$Xr (Ho$db ma{^H$ {V$b
or redemption of SRS/PTC) is higher then the net book value
mam/AWdm EgAmaEg/nrQ>rgr H$m arSo>neZ) go A{YH$ hmoJm& A{V[a$
(NBV) of the asset. Reversal of excess provision will be limited
mdYmZ H$m [adgb AmpV Ho$ EZ~rdr go A{YH$ m ZH$Xr Ho$ Cg hX
to the extent to which cash received exceeds the NBV of the
VH$ gr{V hmoJr&
asset.

102

/ BANK OF INDIA

(O) ^maVr` [aOd ~H$ Ho$ {Xem{ZX}em| Ho$ AZwgma mZH$ AmpV`m| Ho$ $n
| dJuH$V nwZ:ga{MV A{Jm| g{hV mZH$ AmpV`m| H$m mdYmZ {H$`m
OmVm h&
(P) ^maVr` [aOd ~H$ Ho$ {Xem{ZX}em| Ho$ AZwgma {Zdb {Z{YH$ Xoe Ho$
EgonmoOa Ho$ {bE loUr~ Ho$b na mdYmZ {H$`m OmVm h&
5. AWm`r mdYmZ :
~H$ | AWm`r mdYmZ H$m gOZ H$aZo Ama CgH$m Cn`moJ H$aZo H$s Zr{V h&
`oH$ {dmr` df Ho$ AV | g{OV H$s OmZo dmbr AWm`r mdYmZ H$s mm
H$m {ZYmaU {H$`m OmVm h& AWm`r mdYmZ H$m Cn`moJ Zr{V | {ZYm[aV
Ho$db AgmYmaU n[apW{V`m| Ho$ AVJV AmH$pH$VmAm| Ho$ {bE ^maVr`
[aOd ~H$ H$s nyd AZw{V go AWdm {H$gr {Z{X> Co` Ho$ {bE ^maVr` [aOd
~H$ mam Xr JB {deof AZw{V go hr {H$`m OmVm h&
6. So>{~Q>/Ho${S>Q> H$mS> [admS> nmBQ> :
Ho${S>Q>/So>{~Q> H$mS>m] na [admS> nmBQ> Ho$ {bE mdYmZ `oH$ loUr | g{MV
~H$m`m nmBQ> Ho$ AmYma na {H$`m OmVm h&
7. {Zdoe :
{Zdoem| H$m dJuH$aU ^maVr` [aOd ~H$ Ho$ {Xem{ZX}em| Ho$ AZwgma n[an$Vm
VH$ Ym[aV H$mamo~ma Ho$ {bE Ym[aV Ama {~H$s hoVw Ym[aV lo{U`m| | {H$`m J`m
h& ^maV | {H$E JE {Zdoem| Ho$ H$Q>Z Ho$ Co` go Bh| Ama~rAmB {Xem{ZX}em|
Ho$ AZwgma N>h dJm] Ho$ VhV dJuH$V {H$`m OmVm h Ogo gaH$mar {V^y{V`m,
A` AZwmo{XV {V^y{V`m, eo`a, {S>~|Ma Ama ~mS>, AZwf{J`m| Ama ghm`H$
H$n{Z`m| Ama A` | {Zdoe ^maV Ho$ ~mha {Zdoem| Ho$ {bE Ama~rAmB Ho$
{Xem{ZX}em| Ho$ AZwgma Bh| Mma lo{U`m| | dJuH$V {H$`m OmVm h Ogo gaH$mar
{V^y{V`m (WmZr` m{YH$m[a`m| g{hV), {dXoe | AZwf{J`m|/g`w$ C Ama
A` {Zdoe&
(H$) dJuH$aU H$m AmYma
{Zdoe H$m dJuH$aU CgHo$ AOZ Ho$ g` {H$`m OmVm h& gaH$mar
{V^y{V`m| | g`dhma H$m {ZYmaU gPmVo H$s VmarI na Ama A`
{Zdoem| H$m {ZYmaU H$mamo~ma H$s VmarI H$mo {H$`m OmVm h&
i. n[an$Vm na Ym[aV
Bg| Eogo {Zdoe h {Oh| ~H$ n[an$dVm VH$ aIZo H$m BamXm aIVm
h& AZwf{J`m|, g`w$ Cm| Ama ghm`H$ H$n{Z`m| | {H$E JE
{Zdoe H$mo ^r n[an$Vm VH$ Ym[aV Ho$ VhV dJuH$V {H$`m OmVm h&
ii. H$mamo~ma Ho$ {bE Ym[aV
Bg| Eogo {Zdoe h {Oh| An {`mXr y`mo/`mO Xa Ho$ CVmaMT>md H$m bm^ boVo hE H$mamo~ma Ho$ BamXo go AOZ {H$`m OmVm h&
IarX H$s VmarI go 90 {XZm| Ho$ AXa BgH$m H$mamo~ma {H$`m OmVm
h&
iii. {~H$s Ho$ {bE CnbY
Eogo {Zdoe {OZH$m dJuH$aU n[an$ Vm VH$ Ym[aV AWdm H$mamo~ma
Ho$ {bE Ym[aV $n | Zht {H$`m h, Ch| Bg erf | aIm J`m h&
I) {Zdoe H$m A{YJhU bmJV
i. B{$Q>r {Zdoe Ho$ AOZ Ho$ {bE ^wJVmZ {H$E JE ~moH$aoO, H$reZ,
{V^y{V`m| H$m g`dhma H$a B`ma{X bmJV | em{b h&
ii. ~moH$aoO, H$reZ, F$U {Zdoe na ^wJVmZ/mm {H$E JE I{S>V
Ad{Y Ho$ `mmO H$mo Am`/`O` Ho$ $n | mZm J`m h Ama Bgo
bmJV/{~H$s na {dMma H$aVo g` em{b Zht {H$`m OmVm&
iii. {Zdoem| Ho$ A{^XmZ na m ~moH$aoO Ama H$reZ H$mo bm^ Ama
hm{Z ImVo | Om {H$`m OmVm h&
iv. {Zdoe H$s bmJV ^m[aV AmgV bmJV Cnm` mam {ZYm[aV H$s OmVr
h&

/ Annual Report 2013-14


(h) Provision for Standard assets, including restructured advances
classified as standard, is made in accordance with RBI
guidelines.
(i) Provision for net funded country exposures is made on a
graded scale in accordance with the RBI guidelines.
5) FLOATING PROVISION:

The bank has a policy for creation and utilisation of floating provisions.
The quantum of floating provisions to be created is assessed at
the end of each financial year. The floating provisions are utilised
only for contingencies under extraordinary circumstances specified
in the policy with prior permission of Reserve Bank of India or on
being specifically permitted by Reserve Bank of India for specific
purposes.

6) Debit/Credit Card Reward Points:


Provision for Reward Points on Debit/Credit cards is made based on


the accumulated outstanding points in each category.

7) INVESTMENTS:

Investments are categorised under `Held to Maturity, Held for


Trading and Available for Sale categories as per RBI guidelines.
For the purpose of disclosure of investments in India, these are
classified, in accordance with RBI guidelines, under six classification
viz. Government Securities, Other Approved Securities, Shares,
Debentures and Bonds, Investment in Subsidiaries and Associates
and Others. In respect of investments outside India, these are
classified, in accordance with RBI guidelines, under four categories
viz. Government Securities (including local authorities), Subsidiaries/
Joint Ventures abroad and Other Investments.
(a) Basis of categorisation

Categorisation of an investment is done at the time of its


acquisition. Transactions in Government Securities are
recognised on Settlement Date and all other investments are
recognised on trade date.
i)

Held to Maturity

These comprise investments that the Bank intends to hold


till maturity. Investments in subsidiaries, joint ventures and
associates are also categorised under Held to Maturity.

ii) Held for Trading


This comprise investments acquired with the intention to


trade by taking advantage of short term price/interest rate
movements. These are intended to be traded within 90
days from the date of purchase.

iii) Available for Sale


This comprise investments which do not fall under in Held


to Maturity or Held for Trading classification.

(b) Acquisition Cost of Investment


i) Brokerage, commission, securities transaction tax etc.
paid on acquisition of equity investments are included in
cost.
ii) Brokerage, commission, broken period interest paid/
received on debt investments is treated as income/
expense and is excluded from cost/sale consideration.
iii) Brokerage and Commission received on subscription of
investments is credited to Profit and Loss Account.
iv) Cost of investments is determined at weighted average
cost method.

103

/ BANK OF INDIA

J) y`mH$Z H$m VarH$m


^maV | {Zdoem| H$m y`mH$Z ^maVr` [aOd ~H$ Ho$ {Xem{ZX}em| Ho$
AZwgma {H$`m OmVm h Ama {dXoer emImAm| | Ym[aV {Zdoem| H$m g~{YV
{dXoer Xoe | bmJy gm{d{YH$ mdYmZm| Ho$ AZwgma y` Ho$ H$ na AWdm
g`-g` na ^maVr` [aOd ~H$ mam Omar {Xem{ZX}em| Ho$ AZwgma
y`m{H$V {H$`m OmVm h&
QoOar {~b Ama dm{Up`H$ H$mJOmVm| H$m aImd bmJV na y`m{H$V
{H$`m OmVm h&
i. n[an$Vm VH$ Ym[aV :
1. Bg loUr Ho$ VhV {Zdoem| H$mo CZHo$ AOZ bmJV, n[aemoYZ Ho$ {Zdb,
`{X H$moB hmo, na {b`m J`m h& A{H$V y` go A{YH$ AOZ bmJV, `{X
H$moB hmo, H$mo gVV AOZ Umbr H$m Cn`moJ H$a n[an$Vm H$s eof ~Mr
Ad{Y | n[aemo{YV {H$`m J`m h& r{` H$m Bg H$ma n[aemoYZ Am`
| {Zdoe na `mO erf Ho$ VhV gm`mo{OV H$s OmVr h&
2. AZwf{J`m|, g`w$ Cm| Ama ghm`H$ H$n{Z`m| (^maV Ama {dXoe XmoZm|
|) | {Zdoe H$mo nanamJV bmJV | y`m{H$V H$s OmVr h {gdm` jor`
JmrU ~H$m| | {Zdoe Ho$ {Oh| aImd bmJV na (AWmV ~hr y`) na
y`m{H$V {H$`m OmVm h& AWm`r H$mo N>moS>H$a `oH$ {Zdoe Ho$ {bE
AbJ AbJ mg (diminutions) Ho$ {bE mdYmZ {H$`m OmVm h&
ii. H$mamo~ma Ho$ {bE Ym[aV/{~H$s Ho$ {bE CnbY
1. Bg loUr Ho$ VhV {Zdoem| H$m y`mH$Z {d{Z`mH$ {Xem{ZX}em| Ho$ AZwgma
~mOma y` AWdm C{MV y` na {ZYm[aV {H$`m OmVm h Ama `oH$ loUr
| `oH$ dJuH$aU | Ho$db {Zdb y` mg bJm`m OmVm h Ama {Zdb
y`d{ H$mo `mZ | Zht {b`m OmVm h& y` mg Ho$ {bE mdYmZ na
m{H$J Qy> mH}$Q> Ho$ nmV EH$b {V^y{V`m| H$m ~hr y` An[ad{VV ahVm
h&
2. H$mamo~ma Ho$ {bE Ym[aV Ama {~H$s Ho$ {bE CnbY dJ | H$moQ> {H$E
JE {Zdoe Ho$ y`mH$Z hoVw ~mOma Xa/Q>mH$ EgM|O ^md/^maVr`
mW{H$ `mnmar gK (nrS>rEAmB)/{ZYm[aV Am` wm ~mOma Ama
`wn (So>[ado{Q>O) gK (E$AmBEES>rE) mam Kmo{fV Xam| H$m Cn`moJ
{H$`m OmVm h& {OZ {Zdoe Ho$ {bE Eogo Xa/^md CnbY Zht h CZH$m
y`mH$Z ^maVr` [aOd ~H$ mam {ZYm[aV mZH$m| Ho$ AZwgma {H$`m OmVm
h Omo {ZZmZwgma h
gaH$mar/{V^y{V`m
A`H$ AZwmo{XV {V^y{V`m
B{$Q>r eo`g, nrEg`y Ama
`mgr eo`g

n[an$Vm AmYma Ho$ {V$b na


n[an$Vm AmYma Ho$ {V$b na
AVZ VwbZ n (18 hrZm| go A{YH$ nwamZr Zht)
Ho$ AZwgma {dcom{fV y` na, A`Wm {V H$nZr
`1
A{Ym` eo`g
n[an$Vm AmYma Ho$ {V$b na
nrEg`y ~mSg
n[an$Vm AmYma Ho$ {V$b na
`yMwAb $S> Ho$ `y{ZQ>
AVZ nwZIarX y`/`oH$ `moOZm Ho$ g~Y |
Kmo{fV EZEdr na
C nyOr {Z{Y (drgrE$) 18 hrZm| go nwamZr Zht Eogo boImnar{jV {dmr`
{ddaU Ho$ AZwgma Kmo{fV EZEdr AWdm ~oH$ An
EZEdr& `{X EZEdr/boIm nar{jV {dmr` {ddaU
18 hrZm| go A{YH$ hoVw CnbY Zht h Vmo `1
{V drgrE$
{V^y{V agrX
{V^y{VH$aU H$n{Z`m| mam KmofUm Ho$ AZwgma
EZEdr na

/ Annual Report 2013-14


(c) Method of valuation

i)

Investments in India are valued in accordance with the RBI


guidelines and investments held at foreign branches are valued
at lower of the value as per the statutory provisions prevailing
at the respective foreign countries or as per RBI guidelines
issued from time to time.

Treasury Bills and Commercial Papers are valued at carrying


cost.

Held to Maturity
1 Investments included in this category are carried at their
acquisition cost, net of amortisation, if any. The excess of
acquisition cost, if any, over the face value is amortised over
the remaining period to maturity using constant yield method.
Such amortisation of premium is adjusted against income
under the head interest on investments.
2 Investments in subsidiaries, joint ventures and associates
(both in India and abroad) are valued at historical cost
except for investments in Regional Rural Banks, which are
valued at carrying cost (i.e. book value). A provision is made
for diminution, other than temporary, for each investment
individually.

ii) Held for Trading / Available for Sale


1

Investments under these categories are individually valued at


the market price or fair value determined as per Regulatory
guidelines and only the net depreciation in each classification
for each category is provided for and net appreciation is ignored.
On provision for depreciation, the book value of the individual
securities remains unchanged after marking to market.

For the purpose of valuation of quoted investments in Held for


Trading and Available for Sale categories, the market rates /
quotes on the Stock Exchanges, the rates declared by Primary
Dealers Association of India (PDAI) / Fixed Income Money
Market and Derivatives Association (FIMMDA) are used.
Investments for which such rates/quotes are not available are
valued as per norms laid down by RBI, which are as under:

Government Securities
Other Approved Securities
Equity Shares, PSU and
Trustee shares

on Yield to Maturity basis


on Yield to Maturity basis
At break up value as per the latest
Balance Sheet (not more than 18
months old), otherwise `1 per company.
Preference Shares
on Yield to Maturity basis
PSU Bonds
on Yield to Maturity basis
Units of Mutual Funds
at the latest repurchase price/NAV
declared by the Fund in respect of each
scheme
Venture Capital Funds (VCF) Declared NAV or break up NAV as per
audited financials which are not more
than 18 months old. If NAV/audited
financials are not available for more
than 18 months then at ` 1/- per VCF.
Security Receipts
At NAV as declared by Securitisation
Companies

104

/ BANK OF INDIA

K) dJm] Ho$ ` {V^y{V`m| H$m AVaU


dJm] Ho$ ` {H$gr {V^y{V Ho$ AVaU H$m AVaU {Xdg na A{^JhU
bmJV/~hr y`/~mOma y` BZ| go Omo ^r H$ h Ho$ $n | boIm {H$`m
OmE& Eogo AVaU na y`-mg, `{X h Vmo nyU mdYmZ {H$`m J`m h&
S>.) Ja {Znm{XV {Zdoe (EZnrAmB) Ama CgH$m y`mH$Z
1. {Zdoem| H$mo {Znm{XV Ama Ja-{Znm{XV | dJuH$V {H$`m OmVm h
Omo Kaoby H$m`mb`m| Ho$ mbo | Ama~rAmB Ama {dXoer H$m`mb`m|
Ho$ mbo | g~{YV {d{Z`mH$ mam Omar {Xem{ZX}em| na AmYm[aV
h&
2. Ja-{Znm{XV {Zdoe Ho$ g~Y | Am` m` Zht hmoVr h VWm
^maVr` [aOd ~H$ Ho$ {Xem{ZX}em| Ho$ AZwgma Eogr {V^y{V`m| Ho$
y` | y`-mg hoVw mdYmZ {H$`m OmVm h&
M. aonmo/[adg aonmo
aonmo/[adg aonmo Ho$ VhV ~oMr Ama IarXr JB {V^y{V`m| H$m boImH$Z
gnm{H$ CYma Ama CYma boZo Ho$ g`dhma Ho$ $n | {H$`m OmVm h&
VWm{n gmm` grYr {~H$s/IarX g`dhma Ho$ mbo | {V^y{V`m| H$m
AVaU {H$`m OmVm h Ama Eogr {V^y{V`m aonmo/[adg aonmo ImVm| Ama XwVa$m
{d{>`m| Ho$ `moJ go [aboQ> hmoVr h& Cn`w$ {d{>`m| H$mo n[an$Vm na
[adg {H$`m OmVm h& bmJV VWm amOd H$m boImH$Z Ogm ^r mbm hmo
`mO ``/Am` Ho$ $n | {H$`m OmVm h& aonmo ImVo | eof H$mo CYma Ho$
$n | dJuH$V {H$`m J`m Ama [adg aonmo ImVo | eof H$mo ~H$ | eof, Zr
EQ> H$mb Ama emQ> Zmo{Q>g Ho$ $n | dJuH$V {H$`m OmVm h&
8) `wn (So>[ado{Q>d)
dVmZ | ~H$ `mO Xa Ed H$a|gr `wn H$m H$m` XoIVm h& ~H$ mam
{H$`m OmZo dmbm `mO Xa `wn n`m `mO Xa dn, {dXoer wm `mO Xa
dn, AJUr Xa H$ama VWm `mO Xa `yMa h& ~H$ mam {H$`m Om ahm wm
`wn {dH$n, H$agr dn VWm H$agr `yMa h& ^maVr` [aOd ~H$ Ho$
{Xem{ZX}emZwgma, `wn H$mo {ZZmZwgma y`m{H$V {H$`m OmVm h:
H$) hO/ZmZ hO (mH}$Q> oqH$J) g`dhma AbJ go [aH$mS> {H$E OmVo h&
I) h{OJ `wn na Am`/`o` CnM` AmYma na boIm{H$V hmoVr h&
J) QoqS>J `wn WmZm| H$mo ~mOma H$mo {MphV (EQ>rE) {H$`m OmVm h Ama
n[aUmV hm{Z, `{X H$moB hmo, H$mo bm^ Ed hm{Z | ~Vm`m OmVm h& bm^,
`{X H$moB hmo,na `mZ Zht {X`m OmVm h&
K) QoqS>J dn Ho$ {ZaVrH$aU go bm^/hm{Z`m| H$mo {ZaVrH$aU {V{W |
Am`/`` Ho$ n | [aH$mS> {H$`m OmVm h& dn Ho$ {ZaVrH$aU na {H$gr
^r bm^/hm{Z H$m WJZ dn H$s eof AZw~{YV H$ Ad{Y AWdm
nXZm{V AmpV`m/Xo`VmAm| H$s ~H$m`m Ad{Y go g~ {H$`m OmVm h&
L>) {dH$nZ g{dXm Ho$ n[an$Vm H$mb na {dH$n ewH$/r{` H$m
n[aemoYZ {H$`m OmVm h&
9. AMb AmpV`m :
H$. AmpV`m| Ho$ nwZy`m{H$V hmoZo Ho$ mbm| Ho$ A{V[a$ {Oh| nwZy`Z
aH$ na ~Vm`m OmVm h, AMb AmpV`m| H$mo nanamJV bmJV | ~Vm`m
J`m h& nwZy`mH$Z go d{ H$mo nwZy`mH$Z Ama{jV | Om {H$`m OmVm
h&
I. bmJV | IarX H$s bmJV VWm AmpV Ho$ Cn`moJ Ho$ nhbo OJh H$s
V`mar gWmnZm bmJV, `mdgm{`H$ ewH$ B`m{X Ogo {H$E JE g^r
`` em{b h& Cn`moJ {H$E Om aho AmpV`m| na {H$E JE CmdadVu ``
H$mo Ho$db V^r nyOrH$V {H$`m OmEJm O~ Eogo AmpV`m| go AWdm CZH$s
H$m`mdH$ jVm go ^{d` | bm^ | d{ hmoVr h&
J. n[aga H$s bmJV | d` H$s Ed n>mYmar ^y{ H$s bmJV XmoZm| em{b
h&

/ Annual Report 2013-14


(d) Transfer of Securities between Categories

The transfer of securities between categories are carried out at


the least of acquisition cost / book value /market value on the
date of transfer. The depreciation, if any, on such transfer is
fully provided for.

(e) Non performing Investments (NPIs) and valuation thereof


1

Investments are classified as performing and nonperforming, based on the guidelines issued by the RBI in
case of domestic offices and respective regulators in case
of foreign offices.

In respect of non performing investments, income is not


recognised and provision is made for depreciation in value
of such securities as per RBI guidelines.

(f) Repo / Reverse Repo


The securities sold and purchased under Repo/ Reverse


repo are accounted as Collateralised lending and borrowing
transactions. However, securities are transferred as in case
of normal outright sale/ purchase transactions and such
movement of securities is reflected using the Repo/ Reverse
Repo Accounts and Contra entries. The above entries are
reversed on the date of maturity. Costs and revenues are
accounted as interest expenditure/income, as the case may
be. Balance in Repo Account is classified as Borrowings and
balance in Reverse Repo account is classified as Balance with
Banks and Money at Call & Short Notice.

8) Derivative

The Bank presently deals in interest rate and currency derivatives.


The interest rate derivatives dealt with by the Bank are Rupee
Interest Rate Swaps, Foreign Currency Interest Rate Swaps,
Forward Rate Agreements and Interest Rate Futures. Currency
Derivatives dealt with by the Bank are Options, Currency Swaps and
Currency Futures. Based on RBI guidelines, Derivatives are valued
as under:
(a) The hedge/non hedge (market making) transactions are
recorded separately.
(b) Income/expenditure on hedging derivatives are accounted on
accrual basis
(c) Trading derivative positions are marked to market (MTM) and
the resulting losses, if any, are recognised in the Profit & Loss
Account. Profit, if any, is ignored.
(d) Gains/ losses on termination of the trading swaps are recorded
on the termination date as income/expenditure. Any gain/
loss on termination of swap is deferred and recognised over
the shorter of the remaining contractual life of the swap or the
remaining life of the designated assets/liabilities.
(e) Option fees/premium is amortised over the tenor of the option
contract.

9) FIXED ASSETS:
(a) Fixed assets are stated at historic cost, except in the case of
assets which have been revalued, which is stated at revalued
amount. The appreciation on revaluation is credited to
Revaluation Reserve.
(b) Cost includes cost of purchase and all expenditure such as
site preparation, installation costs, professional fees etc.
incurred on the asset before it is put to use. Subsequent
expenditure incurred on assets put to use is capitalised only
when it increases the future benefits from such assets or their
functioning capability.
(c) Cost of premises includes cost of land, both freehold and
leasehold.

105

/ BANK OF INDIA

/ Annual Report 2013-14

10. AMb AmpV`m| na y`mg :


H$. AmpV`m| na y`ymg (nwZy`m{H$V AmpV`m| H$mo {bmH$a) ~H$ mam
{ZYm[aV Xam| na y`m{gV ~hr y` na ^m[aV {H$`m J`m h, H$`yQ>am|
H$mo N>moS>H$a& H$`yQ>am| na ^maVr` [aOd ~H$ mam {ZYm[aV Xa go grYo
aoIm n{V go y`mg bJm`m OmVm h&
I. Bg| n[adYZ H$m nyU df Ho$ {bE mdYmZ {H$`m OmVm h VWm Bg|
AmpV Ho$ Cn`moJ H$aZo H$s VmarI H$mo `mZ | Zht aIm OmVm h, O~{H$
{H$gr AmpV H$s IarX/{ZnQ>mZ Ho$ df | y``mg hoVw mdYmZ Zht
{H$`m OmVm h&
J. AmpV`m| Ho$ nwZy`m{H$V Ae na y``mg H$mo nwZy`Z Ama{jV Ho$
{Z{m gm`mo{OV {H$`m OmVm h&
K. Ohm ^y{ Ama ^dZ H$s bmJV AbJ-AbJ Zht H$s Om gH$Vr h, gnyU
bmJV na y`mg H$m mdYmZ, ^dZ na bmJy Xa na {H$`m OmVm h&
S>. n>mYm[aV ^y{ na Xm r{`, n>o H$s Ad{Y hoVw n[aemo{YV H$s OmVr
h&
M. Kaoby n[aMmbZ Ho$ g~Y | AmpV`m| na y` mg Ho$ {bE {ZZmZwgma
mdYmZ {H$`m J`m h :
H$.g.
1
2

{ddaU
n[aga
A` AMb AmpV`m

H$) $ZuMa, {$gMa, BbopQH$b {$qQ>J Ed CnH$aU


I) E`a H${S>eqZJ bmQ> B`m{X Ed H$mamo~ma erZ|
J) moQ>a H$ma, dZ Ed moQ>a gmB{H$b|
K) H$`yQ>a VWm H$`yQ>a gmQ>d`oa Omo hmS>do`a H$m AJ^yV ^mJ h&
S>. H$`yyQ> a gmQ>do`a Omo hmS>do`a H$m AJ^yV ^mJ Zht h&

10) DEPRECIATION ON FIXED ASSETS:


a) Depreciation on assets is charged on the Written Down Value
at the rates determined by the Bank, except in respect of
computers where it is calculated on the Straight Line Method,
at the rates prescribed by RBI
b) In respect of additions, depreciation is provided for the full
year, irrespective of the date on which the assets were put to
use whereas, depreciation is not provided in the year of sale/
disposal of an asset.
c) Depreciation on the revalued portion of assets is adjusted
against the Revaluation Reserve.
d) Where the cost of land and building cannot be separately
ascertained, depreciation is provided on the composite cost, at
the rate applicable to buildings.
e) Premium paid on leasehold land is amortised over the period of
lease.
f)

Depreciation on assets in respect of domestic operations are


provided as under:

y`mg H$s Xa

Sr.No. Particulars

Rate of Depreciation
5.00%

1.

Premises

2.

Other Fixed Assets


a) Furniture, Fixtures, Electrical fittings
Equipments
b) Air-conditioning plants, etc. and business
machines.
c) Motor cars, Vans & Motor cycles

and

d) Computers and Computer Software forming


integral part of hardware.
e) Computer Software, not forming integral part of
hardware

N>. ^maV Ho$ ~mha AMb AmpV`m| na y`mg H$m mdYmZ {d{Z`mH$
H$s Amd`H$VmAm|/AWdm g~{YV Xoem|/C | M{bV n{V`m| Ho$
AZwgma {H$`m J`m h&
11. {dXoer wm {d{Z` go g~ g`ydhma :
{dXoer wm dmbo g`dhmam| H$m boImH$Z, boImmZH$ (EEg)11 {dXoer
{d{Z` Xam| | ^mdr n[adVZ Ho$ AZwn {H$`m J`m h&
H$) gmH${bV {dXoer n[aMmbZm| Ho$ g~Y | n>rH$aU
^maVr` emImAm| Ho$ {dXoer wm | g`ndhmam| H$m dJuH$aU gmH${bV
{dXoer n[aMmbZ Ho$ $n | {H$`m J`m h Ama Eogo n[aMmbZ Ho$ {dXoer
wm | g`dhmam| H$mo {ZZmZwgma n> {H$`m J`m h:
i. {dXoer wm | g` dhmam| H$mo [anmo{Q>J wm | Ama{^H$ mVm na
[aH$mS> {H$`m OmVm h Omo ^maVr` {dXoer wm `mnmar gK (o$S>mB)
mam gy{MV gmm{hH$ AmgV bmoqOJ Xa na [anmo{Q>J wm Ama
{dXoer wm Ho$ ~rM {d{Z` Xa H$mo {dXoer wm aH$ na bJm`m
OmVm h&
ii. {dXoer wm m{H$ X| o$S>mB Ho$ bmoqOJ nmQ> Xam| H$m `moJ H$a
[anmoQ> H$s OmVr h&
iii. {dXoer wm Ja-m{H$ X| Omo nanaamJV bmJV Ho$ AZwgma H$s
OmVr h Cgo g` dhma H$s VmarI | {d{Z` Xa H$m `moJ H$aVo
hE [anmoQ> H$s OmVr h&

10.00%
15.00%
20.00%
33.33%
100.00%

g) Depreciation on fixed assets outside India is provided as per


the regulatory requirements/or prevailing practices of the
respective country.
11) TRANSACTIONS INVOLVING FOREIGN EXCHANGE:

Transactions involving foreign exchange are accounted for in


accordance with AS 11, The Effect of Changes in Foreign Exchange
Rates.
a) Translation in respect of Integral Foreign operations:

Foreign currency transactions of Indian branches have been


classified as integral foreign operations and foreign currency
transactions of such operations are translated as under:
i) Foreign currency transactions are recorded on initial
recognition in the reporting currency by applying to the
foreign currency amount the exchange rate between the
reporting currency and the foreign currency on the weekly
average closing rate as advised by Foreign Exchange
Dealers Association of India (FEDAI)
ii) Foreign currency monetary items are reported using the
FEDAI closing spot rates.
iii) Foreign currency non-monetary items, which are carried in
terms of historical cost, are reported using the exchange
rate at the date of the transaction.

106

/ BANK OF INDIA

{dXoer wm | aIo JE AmH$pH$ Xo`VmAm| H$mo o$S>mB Ho$ bmoqOJ


nmQ> Xam| H$m `moJ H$a [anmoQ> H$s OmVr h&
v. ~H$m`m {dXoer wm nmQ> Ama H$mamo~ma Ho$ {bE Ym[aV dm`Xm g{dXm
H$m {ZYm[aV n[an$Vm Ho$ {bE o$S>mB mam A{Ygy{MV {d{Z` Xam|
na nwZy`mH$Z {H$`m OmVm h Ama n[aUmV: bm^ AWdm hm{Z H$mo
bm^ Ama hm{Z ImVo | m`Vm Xr OmVr h&
vi. ~H$m`m {dXoer wm dm`Xm g{dXm {OZ na H$mamo~ma Zht {H$`m
OmEJm& CZH$m bmoqOJ nmQ> Xa na y`mH$Z {H$`m OmVm h& Eogo
dm`Xm {d{Z` g{dXm Ho$ Ama^ | Cn r{` AWdm ~>o H$mo
g{dXm Ho$ OrdZH$mb | `` AWdm Am` na n[aemo{YV H$s OmEJr&
vii. m{H$ Xm| Ho$ {ZnQ>mZ | Ama^ | [aH$mS> {H$E JE Xam| go {^ Xam|
Ho$ {bE Cn {d{Z` AVa H$mo Cg Ad{Y Ho$ {bE Am` Ho$ $n
| AWdm `` Ho$ $n | mZm OmEJm {Og g` `h Cn hB&
viii. wm dmXm ~mOma | Iwbr pW{V Ho$ {d{Z` Xa | n[adVZ Ho$
H$maU m{/hm{Z H$m {ZnQ>mZ X{ZH$ AmYma na {d{Z` gmemoYZ
Jh | {H$`m OmVm h Ama Eogr m{/hm{Z H$mo bm^ Ed hm{Z ImVo
| m` {H$`m OmVm h&
I) gmH$bZ a{hV {dXoer n[aMmbZm| Ho$ g~Y | n>rH$aU:
{dXoer emImAm| Ho$ {dXoer wm | g`dhma H$mo AmV[aH$ {dXoer
n[aMmbZm| Ho$ $n | dJuH$V {H$`m OmVm h Ama CZHo$ {dmr` {ddaUnm|
H$mo {ZZmZwgma n> {H$`m OmVm h:
i. AmpV`m| Ed Xo`VmAm| (m{H$ Ama Ja-m{H$ Ho$ gmW gmW
AmH$pH$ Xo`VmAm|) H$mo df H$s gm{ na ^maVr` {dXoer wm
`mnmar gK (o$S>mB) mam A{Ygy{MV bmoqOJ Xam| Ho$ AmYma na
nQ> {H$`m OmVm h&
ii. Am` Ama ``m| H$mo g~{YV {Vmhr H$s gm{ na o$S>mB mam
gy{MV {Vmhr AmgVZ bmoqOJ Xa na n> {H$`m OmVm h&
iii. g^r n[aUmr {d{Z` AVam| H$mo g~{YV {dXoer emImAm| | {Zdb
{Zdoem| Ho$ {ZnQ>mZ VH$ EH$ AbJ ImVo {dXoer wm n>rH$aU [aOd
| g{MV {H$`m OmVm h&
iv. {dXoer H$m`mb`m| Ho$ {dXoer wm | AmpV`m Ama Xo`VmE ({dXoer
H$m`mb`m| Ho$ WmZr` wm H$mo N>moS>H$a) H$mo Cg Xoe | bmJy nmQ>
Xam| H$m `moJ H$aVo hE WmZr` wm | AmH$m OmVm h&
12. H$Mmar bm^ :
i. Anmd{Y H$Mmar bm^ :
Anmd{Y H$Mmar bm^m| H$s AZ{S>H$mCQ>oS> aH$ Ogo o{S>H$b bm^
Am{X H$m ^wJVmZ H$Mmar mam XmZ H$s JB godmAm| Ho$ {d{Z` | {H$`m
OmVm h Bgo H$Mmar mam {XE Om aho godm H$s Ad{Y Ho$ XmamZ hr m`Vm
Xr OmEJr&
ii. {Z`moOZ Ho$ nmV bm^ :
H$. n[a{Z{V bm^ `moOZm
H$. CnXmZ (J`wQ>r)
~H$ g^r nm H$Mm[a`m| H$mo J`wQ>r XmZ H$aVm h& `h bm^
{Z{hV H$Mm[a`m| H$mo godm{Zd{m na, {Z`moOZ Ho$ XmamZ `w
na, AWdm {Z`moOZ H$s gm{ na EH$ wV ^wJVmZ Ho$ $n |
Xr OmVr h, `h am{e `o H$ nyU {H$E JE godm df Ho$ {bE
Xo` 15 {XZm| Ho$ ~o{gH$ doVZ Ho$ gVw` h Omo CnXmZ gXm`
A{Y{Z` 1972 AWdm ~rAmoAmB (H$Mmar) CnXmZ {d{Z`
| {ZYm[aV A{YH$V am{e | Omo ^r A{YH$ hmo Ho$ AYrZ h&
nmM dfm] H$s godm nyU hmoZo na dopQ>J hmoVm h& ~H$ {Z{Y |
Amd{YH$ AeXmZ H$aVm h {OgH$m ~YZ QQ>mo mam {H$`m
OmVm h Omo dm{fH$ $n | EH$ dV ~m ~rm{H$H$ y`mH$Z
na AmYm[aV h&

/ Annual Report 2013-14

iv.

iv) Contingent liabilities denominated in foreign currency are


reported using the FEDAI closing spot rates.
v) Outstanding foreign exchange spot and forward contracts
held for trading are revalued at the exchange rates notified
by FEDAI for specified maturities, and the resulting profit
or loss is recognised in the Profit and Loss account.
vi) Outstanding Foreign exchange forward contracts which
are not intended for trading are valued at the closing spot
rate. The premium or discount arising at the inception of
such a forward exchange contract is amortised as expense
or income over the life of the contract.
vii) Exchange differences arising on the settlement of
monetary items at rates different from those at which they
were initially recorded are recognised as income or as
expense in the period in which they arise.
viii) Gains/Losses on account of changes in exchange rates
of open position in currency futures trades are settled
with the exchange clearing house on daily basis and
such gains/losses are recognised in the Profit and Loss
account.
b) Translation in respect of Non-Integral Foreign operations:
Transactions and balances of foreign branches are classified as
non-integral foreign operations and their financial statements
are translated as follows:
i)

Assets and Liabilities (monetary and non-monetary as well


as contingent liabilities) are translated at the closing rates
notified by FEDAI.

ii) Income and expenses are translated at the quarterly


average closing rates notified by FEDAI.
iii) All resulting exchange differences are accumulated in a
separate account Foreign Currency Translation Reserve
till the disposal of the net investments by the bank in the
respective foreign branches.
iv) The Assets and Liabilities of foreign offices in foreign
currency (other than local currency of the foreign offices)
are translated into local currency using spot rates
applicable to that country.
12) EMPLOYEE BENEFITS:

i.

Short Term Employee Benefit:

The undiscounted amount of short-term employee benefits,


such as medical benefits etc. which are expected to be paid
in exchange for the services rendered by employees are
recognised during the period when the employee renders the
service.

ii.

Post Employment Benefit:


A. Defined Benefit Plan
a) Gratuity

107

The Bank provides gratuity to all eligible employees.


The benefit is in the form of lump sum payments to
vested employees on retirement, on death while in
employment, or on termination of employment, for an
amount equivalent to 15 days basic salary payable
for each completed year of service, subject to a
maximum prescribed as per The Payment of Gratuity
Act 1972 or BOI (Employee) Gratuity Regulation
whichever is higher. Vesting occurs upon completion
of five years of service. The Bank makes periodic
contributions to a fund administered by trustees
based on an independent external actuarial valuation
carried out annually.

/ BANK OF INDIA

I. n|eZ
~H$ g^r nm H$Mm[a`m| H$mo n|eZ XoVm h& {Z`V Ho$
AZwgma `h bm^ m{gH$ ^wJVmZ Ho$ $n | hmoVm h Ama
{Z{hV H$Mm[a`m| H$mo godm{Zd{m na, {Z`moOZ Ho$ XmamZ `w
na, AWdm {Z`moOZ H$s gm{ na ^wJVmZ {H$`m OmVm h&
{Z`m| Ho$ AZwgma dopQ>J {d{^ Vam| na hmoVr h& ~rAmoAmB
(H$Mmar) n|eZ {d{Z`Z Ho$ AZwgma ~H$ n|eZ {Z{Y | doVZ
H$m 10% m{gH$ AeXmZ H$aVm h& n|eZ H$s Xo`Vm dV
~rm{H$H$ y`mH$Z na AmYm[aV h Omo dm{fH$ $n | H$s
OmVr h Ama n|eZ {d{Z`Z Ho$ VhV ^wJVmZ Ho$ bm^m| H$mo
gwa{jV aIZo Ho$ {bE Amd`H$Vm nS>Zo na {Z{Y | ~H$ mam
Eogo A{V[a$ AeXmZ {H$E OmVo h&
I. n[a{Z{V AeXmZ `moOZm :
H$. ^{d` {Z{Y
~H$ EH$ ^{d` {Z{Y `moOZm MbmVr h& g^r nm H$Mm[a`m|
H$mo ~H$ Ho$ ^{d` {Z{Y `moOZm Ho$ VhV bm^ nmZo H$m hH$
h& ~H$ EH$ {ZYm[aV Xa (dVmZ | H$Mmar Ho$ ~o{gH$ doVZ
Ho$ 10% Ho$ gmW nm ^moo) na m{gH$ AeXmZ H$aVr h&
`h AeXmZ Bg Co` go Wm{nV `mg H$mo o{fV {H$`m OmVm
h Ama Bgo bm^ VWm hm{Z ImVo | ^m[aV {H$`m OmVm h
Ama Bgo bm^ VWm hm{Z ImVo | ^m[aV {H$`m OmVm h& ~H$
Eogo dm{fH$ AeXmZm| H$mo Cg g~{YV df Ho$ `` Ho$ $n |
m`Vm XoVm h&
I. n|eZ
{XZmH$ 01 Ab, 2010 go ~H$ | ^Vu hE g^r H$Mmar
AeXm`r n|eZ Ho$ nm h& Eogo H$Mmar n|eZ `moOZm |
n[a{Z{V Xa na m{gH$ AeXmZ H$aVo h& C$ n|eZ `moOZm
| ~H$ ^r n[a{Z{V Xa na m{gH$ AeXmZ H$aVm h& Eogr
`moOZm | hE `` H$mo g~{YV df Ho$ `` Ho$ $n | mVm
XoVm h& `h AeXmZ am>r` n|eZ {gQ> `m{g H$mo AV[aV
{H$`m OmVm h& ~H$ H$m Xm{`d Eogo n[a{ZV AeXmZ VH$
gr{V h&
iii. A` XrKH$m{bH$ H$Mmar bm^
H$. Nw>>r ZH$XrH$aU bm^ Omo n[a{Z{V bm^ Xm{`d h, EEg 15
H$Mmar bm^ Ho$ AZw$n ~rm{H$V y`mH$Z Ho$ AmYma na CnbY
H$adm`m OmVm h&
I. A` H$Mmar bm^ Ogo Nw>>r {H$am`m [a`m`V, mBbQ>moZ EdmS>,
nwZWmnZm bm^, AmH$pH$ bm^ B`m{X n[a{Z{V bm^ Xm{`d h
Omo EEg 15 H$Mmar bm^ Ho$ AZw$n ~rm{H$V y`mH$Z Ho$ AmYma
na CnbY H$adm`m OmVm h&
13. {V eo`a AOZ :
H$. EEg 20 AOZ {V eo`a Ho$ AZwgma {V B{$Q>r eo`a ~o{gH$ Ed
S>m``yQ>oS> AOZ H$s [anmoQ> H$s OmVr h& {V B{$Q>r eo`a yb AOZ H$s
Cg Ad{Y Ho$ XmamZ ~H$m`m B{$Q>r eo`a H$s ^m[aV AmgV g`m mam
{Zdb go ^mJ H$a JUZm H$s OmVr h&
I. {V B{$Q>r eo`a S>m``yQ>oS> Am` H$s B{$Q>r eo`am| H$s ^m[aV AmgV
g`m Ed Ad{Y Ho$ XmamZ ~H$m`m Vab g^m` B{$Q>r eo`am| H$mo Cn`moJ
| boH$a JUZm H$s OmVr h&

/ Annual Report 2013-14


b) Pension

The Bank provides pension to all eligible employees.


The benefit is in the form of monthly payments as
per rules and payments to vested employees on
retirement, on death while in employment, or on
termination of employment. Vesting occurs at different
stages as per rules. The Bank makes monthly
contribution to the pension fund at 10% of pay in
terms of BOI (Employees) Pension regulations. The
pension liability is reckoned based on an independent
actuarial valuation carried out annually and Bank
makes such additional contributions periodically to
the Fund as may be required to secure payment of
the benefits under the pension regulations.

B. Defined Contribution Plan:


a) Provident Fund

The Bank operates a Provident Fund scheme. All


eligible employees are entitled to receive benefits
under the Banks Provident Fund scheme. The
Bank contributes monthly at a determined rate
(currently 10% of employees basic pay plus eligible
allowance). These contributions are remitted to a
trust established for this purpose and are charged to
Profit and Loss Account. The bank recognises such
annual contributions as an expense in the year to
which it relates.

b) Pension

All Employees of the bank, who have joined from 1st


April, 2010 are eligible for contributory pension. Such
employees contribute monthly at a predetermined
rate to the pension scheme. The bank also contributes
monthly at a predetermined rate to the said pension
scheme. Bank recognises its contribution to such
scheme as expenses in the year to which it relates.
The contributions are remitted to National Pension
System Trust. The obligation of bank is limited to
such predetermined contribution.

iii. Other Long term Employee Benefit:


a) Leave encashment benefit, which is a defined benefit
obligation, is provided for on the basis of an actuarial
valuation in accordance with AS 15 - Employee Benefits.
b) Other employee benefits such as Leave Fare Concession,
Milestone award, resettlement benefits, Casual Leave etc.
which are defined benefit obligations are provided for on
the basis of an actuarial valuation in accordance with AS
15 - Employee Benefits.
13) EARNINGS PER SHARE:
a) Basic and Diluted earnings per equity share are reported in
accordance with AS 20 Earnings per share. Basic earnings
per equity share are computed by dividing net profit after tax
by the weighted average number of equity shares outstanding
during the period.
b) Diluted earnings per equity share are computed using the
weighted average number of equity shares and dilutive
potential equity shares outstanding at the end of the period.

108

/ BANK OF INDIA

14. Am` na H$a :


H$. EEg-22 Am` na H$am| Ho$ {bE boImH$Z Ho$ AZw$n Am`H$a | df Ho$
XmamZ Mmby H$a mdYmZ Ama AmpV`m| `m Xo`VmAm| na AmW{JV H$a |
ew n[adVZ em{b h& Mmby H$am| H$m {ZYmaU boImH$Z mZH$ 22 Ho$
mdYmZ Ama {dXoer H$m`mb` Ho$ H$am| H$m boIm boVo hE ^maV | bmJy
H$a H$mZyZm| na {H$`m OmVm h Omo g~{YV A{YH$ma jo Ho$ H$a H$mZyZm| na
AmYm[aV h& AmW{JV H$a gm`moOZ | Ad{Y Ho$ XmamZ AmW{JV H$a
AmpV`m| Ama Xo`VmAm| | n[adVZ em{b h&
I. Am` VWm ` H$s X| Omo EH$ g` AmVr h Ama Omo nadVu EH$ `m
A{YH$ dfm] | [adgb H$s Om gH$Vr h Ho$ g~Y | AmW{JV H$a Ho$
{bE {ddoH$nyU {dMma H$aZo Ho$ A`YrZ m`Vm h&
J. AmW{JV H$a AmpV`m| Ama Xo`VmAm| H$m mnZ VwbZn H$s {V{W na `m
~mX | bmJy {H$E JE H$a Xam| Ama H$a H$mZyZm| na {H$`m OmVm h&
K. AmW{JV H$a AmpV`m| H$mo `oH$ [anmo{Q>J {V{W | m`Vm Xr OmVr h
Ama nwZy`mH$Z {H$`m OmVm h Omo dgybr H$mo gw{MV $n go {Z{V
mZo OmZo hoVw ~YZ H$s am` na AmYm[aV h& AmW{JV H$a AmpV`m|
H$mo AmJo bmE JE AZmdemo{fV y`mg Ama H$a hm{Z`m| na Ho$db V^r
m`Vm Xr OmVr h O~ `h nyUV: {Z{V hmo {H$ AmW{JV H$a AmpV`m|
H$s ^{d` bm^ go dgybr hmo gH$Vr h&
15. AmpV`m| H$m mg
pWa AmpV`m| (nwZyp`V AmpV`m| g{hV) na m{gV hm{Z `{X H$moB hmo H$mo
EEg 28 AmpV`m| H$m mg Ho$ AZw$n bm^ Ama hm{Z ImVo | ^m[aV H$s
OmVr h& VWm{n nwZyp`V AmpV na m{gV hm{Z H$mo grYo AmpV Ho$ {bE
{H$gr nwZyZ A{Yeof na m`Vm Cg hX VH$ h Ohm VH$ EH$ hr AmpV
Ho$ nwZy` Z A{Yeof | aIr J`r aH$ m{gV hm{Z go A{YH$ Z hmo&
16. mdYmZ, AmH$pH$ Xo`VmE Ed AmH$pH$ AmpV`m :
EEg 29 mdYmZ, AmH$pH$ Xo`VmE Ed AmH$pH$ AmpV`m Ho$ AZwgma yb
~H$ mdYmZm| H$mo ^r m`Vm XoVm h& O~ {nN>br KQ>ZmAm| Ho$ n[aUmd$n
dVmZ na H$moB Xm{`d hmo, `h g^m` h {H$ Am{WH$ bm^m| H$mo gm{d> H$aVo
hE ggmYZm| H$m ~{hJZm| H$s Xm{`dm| H$mo {ZnQ>mZ H$aZo Ho$ {bE Amd`H$Vm
nS>oJr Ama O~ Xm{`d H$s am{e H$m {dgZr` AZwmZ {H$`m Om gH$Vm hmo&
O~ VH$ {H$ Am{WH$ bm^m| H$mo gm{d> H$aVo hE ggmYZm| Ho$ ~{hJZ H$s
g^mdZm H$ Z hmo, AmH$pH$ Xo`VmAm| H$m H$Q>Z {H$`m OmVm h&
{dmr` {dda{U`m| | AmH$pH$ AmpV`m| H$mo m` Zht {H$`m OmVm h `m|{H$
BgHo$ n[aUmd$n Am` {ZYmaU H$s ~mV Am gH$Vr h O~{H$ dh H$^r ^r
dgyb Zht hmo nmVr&
17. eo`a Omar H$aZo hoVw `` :
{Og df | eo`a Omar H$sE OmVo h, eo`a Omar H$aZo Ho$ `` H$mo bm^ VWm
Whm{Z ImVo | ^m[aV {H$`m OmVm h&

/ Annual Report 2013-14


14) TAXES ON INCOME:
a) Income Tax comprises the current tax provision and net
change in deferred tax assets or liabilities during the year, in
accordance with AS 22 Accounting for Taxes on Income.
Current taxes are determined in accordance with the provisions
of Accounting Standard 22 and tax laws prevailing in India after
taking into account taxes of foreign offices, which are based on
the tax laws of respective jurisdiction. Deferred tax adjustments
comprise of changes in the deferred tax assets or liabilities
during the period.
b) Deferred Tax is recognised subject to consideration of
prudence in respect of items of income and expenses those
arise at one point of time and are capable of reversal in one or
more subsequent years.
c) Deferred tax assets and liabilities are measured using the tax
rates and tax laws that have been enacted or substantively
enacted by the balance sheet date.
d) Deferred tax assets are recognised and reassessed at each
reporting date, based upon managements judgement as to
whether realisation is considered reasonably certain. Deferred
tax assets are recognised on carry forward of unabsorbed
depreciation and tax losses, only if there is virtual certainty that
such deferred tax assets can be realised against future profits.
15) IMPAIRMENT OF ASSETS:

Impairment losses, if any on Fixed Assets (including revalued


assets) are recognised and charged to Profit and Loss account
in accordance with AS 28 Impairment of Assets.However, an
impairment loss on a revalued asset is recognised directly against
any revaluation surplus for the asset to the extent that the impairment
loss does not exceed the amount held in the revaluation surplus for
that same asset.

16) PROVISIONS, CONTINGENT LIABLITIES AND CONTINGENT


ASSETS:

As per AS 29 Provisions, Contingent Liabilities and Contingent


Assets, the Bank recognises provisions only when it has a present
obligation as a result of a past event and it is probable that an
outflow of resources embodying economic benefits will be required
to settle the obligation and when a reliable estimate of the amount of
the obligation can be made.

Contingent liability is disclosed unless the possibility of an outflow of


resources embodying economic benefit is remote.

Contingent Assets are not recognised in the financial statements


since this may result in the recognition of income that may never be
realised.

17) SHARE ISSUE EXPENSES:


109

Share issue expenses are charged to the Profit and Loss Account in
the year of issue of shares.

/ BANK OF INDIA

/ Annual Report 2013-14

AZwgyMr 18

SCHEDULE 18
All figures are in ` Crores unless specifically stated

O~ VH$ {H$ {d{e> $n go A`Wm Z H$hm J`m hmo g^r AmH$So> ` H$amoS>m| | h H$moH$
| {XE AmH$So> {nN>bo df go g~{YV h

Figures in brackets relate to previous year


NOTES FORMING PART OF ACCOUNTS

boIo na {Q>pU`m

1. During the year, the Bank has issued 4,63,60,686 Equity Shares of

1. df Ho$ XmamZ ~H$ Zo A{YmZr AmYma na ^maV gaH$ma H$mo A{H$V y`


` 10/- {V eo`a Ho$ 4,63,60,686 B{$Q>r eo`a ` 215.70 {V eo`a Ho$
r{` na Hw$b ` 1000 H$amoS> Am~{Q>V {H$`m J`m Ogm {H$ g`-g` na
gemo{YV ^maVr` {V^y{V Amoa {d{Z` ~moS> (EgB~rAmB) {d{Z`, 2009 Ho$
A`mm` VII Ho$ AZwgma ~moS> mam {ZYmaU {H$`m J`m h&

` 10/- each to Government of India at a price of ` 215.70 per share,


aggregating ` 1000 Crores on preferential basis in accordance
with the regulation 76(1) of SEBI (Issue of Capital and disclosure
requirements) Regulations, 2009.
2.

Balancing of Subsidiary Ledger Accounts, confirmation/reconciliation


of balances with foreign branches, Inter office accounts, NOSTRO

2. AZnyaH$ ImVm boIo H$m VwbZ Ama {dXoer emIm Ama ZmoQmo ImVm| go nw{>/
boIm gmYmZ Ama CMV, Xo`-SmQ>, gmemoYZ {^Vm Am{X | {d{>`m| H$m
gm`moOZ bJmVma {H$`m Om ahm h& {dXoer emImAm| g{hV Cnamo$ b{~V A{V
gmemoYZ / gm`moOZ H$m ~YZ H$s am` | boIm| na gJ ^md ZJ` ahoJm&

Accounts, Suspense, Drafts Payable, Clearing Difference, etc. is in


progress on an on-going basis. Pending final clearance/adjustment
of the above, the overall impact, if any, on the Financial Statements,
in the opinion of the management, is not likely to be significant.

3. df Ho$ XmamZ ~H$ Zo AnZr boImH$Z Zr{V | n[adVZ {H$`m h Ama AdmZH$
({V^yVrH$V) Ho$ $n | dJuH$V EZnrE Ho$ g~Y | mdYmZrH$aU 20%
(d[aV mdYmZ) go 15% (`yZV mdYmZ) {H$`m h {OgHo$ n[aUmd$n
31 mM, 2013 VH$ EZnrE hoVw {H$E JE ` 248.71 H$amoS> H$m amBQ> ~H$ {H$`m
J`m h& AJa nhbo H$s boImH$Z Zr{V H$m nmbZ {H$`m J`m hmoVm Vmo, df Ho$
{bE EZnrE hoVw mdYZm ` 325.38 H$amoS> A{YH$ hmoVm Ama n[aUmd$n df
Ho$ {bE {Zdb bm^ (H$a H$m {Zdb) ` 214.78 H$amoS> H$ hmoVm&

3. During the year, the Bank has changed its accounting policy

4. {ZZ{bpIV OmZH$mar H$m ^maVr` [aOd ~H$ Ho$ {Xem{ZX}em| Ho$ AZwgma H$Q>Z
{H$`m J`m h

4. The following information is disclosed in terms of guidelines issued

of provisioning in respect of NPAs classified as Sub-Standard


(Secured) from 20%(accelerated provision) to 15%(minimum
provision) which has resulted into write back of provision for NPAs
of ` 248.71 Crores provided till 31st March 2013. Had the earlier
accounting policy been followed, the provision for NPAs for the year
would have been higher by ` 325.38 Crores with consequential
decrease in Net profit for the year (net of tax) by ` 214.78 Crores.

by RBI:
4.1. Capital:

4.1) nyOr :
H$.g.

{ddaU
gmm` B{$Q>r {Q>`a 1 nyOr AZwnmV (CET1) (%)
~mgob-II
~mgob -III
{Q>`a 1 nyOr AZwnmV (%
~mgob -II
~mgob -III
{Q>`a II nyOr AZwnmV (%)
~mgob -II
~mgob -III
Hw$b nyOr AZwnmV (CRR) (%
~mgob II
~mgob -III
^maV gaH$ma H$s eo`aYm[aVm H$m {VeV

Sr.
Particulars
No.
i)
Common Equity Tier 1 Capital ratio (CET1) (%)

ii)

iii)

iv)

Basel-II

NA

NA

Basel-III

6.84%

NA

Basel-II

7.57%

8.20%

Basel-III

7.24%

NA

Basel-II

3.19%

2.82%

Basel-III

2.73%

NA

10.76%

11.02%

Tier I Capital ratio (%)

Tier II Capital ratio (%)

Total Capital ratio (CRAR) (%)


Basel-II
Basel-III

v)

df Ho$ XmamZ m{ B{$Q>r nyOr am{e


df Ho$ XmamZ {Q>`a-I nyOr Ho$ $n | mm am{e (IPDI)

vi)

df Ho$ XmamZ ma {Q>`a-II am{e AWmV So>Q> H${nQ>b BQ>|Q>

ix)

vii)

31.03.2014 31.03.2013

Percentage of the shareholding of the Government of


India
Amount of Equity Capital Raised during the year
Amount of Additional Tier 1 capital raised during the
year i.e. IPDI
Amount of Tier-II capital raised i.e. Debt Capital
Instruments, during the year

110

9.97%

NA

66.70%

64.11%

1000.00

809.00

1500.00

/ BANK OF INDIA

/ Annual Report 2013-14

{Q>`a I nyOr ~T>mZo hoVw {bE JE ~H$m`m Zdmoof gVV F$U {bIV(AmBnrS>rAmB)
Ho$ `mao {ZZmgZwgma h :
df

df$n

am{e

grAmaEAma n[aH$bZ Ho$


`moOZ hoVw JUZm
509.77

2006-07 AmBnrS>rAmB

509.77
(`yEgS>r 85 {{b`Z)
2007-08 AmBnrS>rAmB
655.00
2008-09 AmBnrS>rAmB
400.00
2009-10 AmBnrS>rAmB
325.00
2010-11 AmBnrS>rAmB
300.00
{Q>`a II nyOr ~T>mZo hoVw {bE JE ~H$m`m {Q>`a II {bIVm|
df

df$n

am{e

2003-04
2004-05
2005-06
2006-07

bmoAa {Q>`a II
bmoAa {Q>`a II
bmoAa {Q>`a II
Ana {Q>`a II

2006-07
2008-09
2009-10
2010-11
2013-14
2013-14
4.2 {Zdoe
4.3

Ana {Q>`a
Ana {Q>`a
Ana {Q>`a
Ana {Q>`a
Ana {Q>`a
Ana {Q>`a

550.00
300.00
950.00
1,437.54
(`yEgS>r 240 {{b`Z)
732.00
500.00
2000.00
1000.00
1000.00
500.00

II
II
II
II
II
II

H$.
{ddaU
g.
1 {Zdoe H$m y`
i)
{Zdoem| H$m gH$b y``
H$) ^maV |
I) ^maV Ho$ ~mha
ii) y`momg hoVw mdYmZ
H$) ^maV |
I) ^maV Ho$ ~mha
iii) gH$mU
H$) ^maV |
I) ^maV Ho$ ~mha
iv) {Zdoem| H$m {Zdb y`m
H$) ^maV |
I) ^maV Ho$ ~mha
2 {Zdoe na y`mg Ho$ {bE {H$E JE
mdYmZm| H$s pW{V
i)
ma{^H$ eof
ii) OmoS|>: df Ho$ XmamZ {H$E JE mdYmZ
iii) KQ>mE : ~>oImVo S>mbZm/df Ho$ XmamZ
A{V[a$ mdYmZ H$m amBQ>-~H$
iv) A{V eof

655.00
400.00
325.00
300.00
Ho$ `mao

grAmaEAma n[aH$bZ
Ho$ `moOZ hoVw JUZm
230.00
1,437.54

Details of outstanding Innovative Perpetual Debt Instruments (IPDI)


raised to augment Tier I capital is as under:
Raised in
the year
2006-07

Nature

Amount

IPDI

Reckoned for the purpose


of CRAR computation
509.77

509.77
(USD 85 Million)
2007-08
IPDI
655.00
655.00
2008-09
IPDI
400.00
400.00
2009-10
IPDI
325.00
325.00
2010-11
IPDI
300.00
300.00

Details of outstanding Tier II Instruments raised for to augment Tier
II capital is as under:
Raised in
the year

Nature

Amount

Reckoned for the


purpose of CRAR
computation

2003-04

Lower Tier II

550.00

2004-05

Lower Tier II

300.00

2005-06

Lower Tier II

950.00

230.00

2006-07

Upper Tier II

1,437.54
(USD 240
Million)

1,437.54

2006-07

Upper Tier II

732.00

732.00

2008-09

Upper Tier II

500.00

500.00

2009-10

Upper Tier II

2000.00

2000.00

2010-11

Upper Tier II

1000.00

1000.00

2013-14

Upper Tier II

1000.00

1000.00

2013-14

Upper Tier II

500.00

500.00

732.00
500.00
2000.00
1000.00
1000.00
500.00

4.2. Investments
4.3.

`Wm
`Wm
31.03.2014 31.03.2013
115,251.01
109,128.04
6,122.97
1,095.30
617.04
478.26
3.28
3.28
114,152.43
108,511.00
5,641.43

95,595.94
91,140.12
4,455.82
980.09
534.53
445.56
2.42
2.42
94,613.43
90,605.59
4,007.84

980.10
72.55
(42.65)

939.19
76.69
35.78

1,095.30

980.10

Sr.No.
1

Particulars

115,251.01

95,595.94

109,128.04

91,140.12

6,122.97

4,455.82

1,095.30

980.09

a) In India

617.04

534.53

b) Outside India

478.26

445.56

Amortisations

3.28

2.42

a) In India
b) Outside India
ii)

iii)

Provisions for Depreciation

a) In India
b) Outside India
iv)

Net Value of Investments


a) In India
b) Outside India

111

As at
31.03.2013

Value of Investments
i) Gross Value of Investments

As at
31.03.2014

3.28

2.42

114,152.43

94,613.43

108,511.00

90,605.59

5,641.43

4,007.84

980.10

939.19

72.55

76.69

(42.65)

35.78

1,095.30

980.10

Movement of provisions held towards


depreciation on investments
i)

Opening balance

ii)

Add: Provisions made during


the year

iii)

Less: Write-off/ write-back


of excess provisions during
the year

iv)

Closing balance

/ BANK OF INDIA

/ Annual Report 2013-14

4.3.1 df Ho$ XmamZ {H$E JE aonmo g`Edhma (A{H$V y` na)


(` H$amoS> |)

4.3.1.Repo Transactions (in face value terms)undertaken during the year:

{ddaU

Particulars

df Ho$ XmamZ `yZZV


~H$m`m

df Ho$ XmamZ A{YH$V


~H$m`m

df Ho$ XmamZ X{ZH$


AmgV ~H$m`m

~H$m`m `Wm
31 mM, 2014

Minimum outstanding
during the year

Maximum outstanding
during the year

Daily Average
outstanding during
the year

Outstanding as on
March 31, 2014

(-)
(-)

9,178.00
(9,000,00)
(-)

3,153.67
(4,417.51)
(-)

2,270.00
(500.00)
(-)

(-)
(-)

(-)
(-)

(-)
(-)

(-)
(-)

aonmo Ho$ AVJV ~oMr JB {V^y{V`m


Securities sold under repo
i) gaH$mar {V^y{V`m
Government Securities
ii) H$mnm}aoQ> F$U {V^y{V`m
Corporate Debt Securities

[adg aonmo Ho$ AVJV IarXr JB {V^y{V`m


Securities purchased under reverse repo
i) gaH$mar {V^y{V`m
Government Securities
ii) H$mnm}aoQ> F$U {V^y{V`m
Corporate Debt Securities

Bg| ^aVr` [aOd ~H$ Ho$ gmW ZH$Xr gm`moOZ gw{dYm (EbEE$) AVJV {H$E JE gmXo em{b h (m{OZ H$mo N>moS>H$a)

The above include transactions undertaken under Liquidity Adjustment Facility (LAF) with RBI (net of margin).

4.3.2. Ja-EgEbAma

{Zdoe g{d^mJ:

4.3.2.Non-SLR Investment Portfolio:



i.
Ja-EgEbAma {Zdoe g{d^mJ Ho$ OmarH$VmAm| H$s ~ZmdQ
Issuer Composition of Non-SLR Investments

H$.
g.

OmarH$Vm

(1)

(2)

Issuer

am{e

Amount

Sr.
No.

i.

gmdO{ZH$ CnH$ / PSUs

ii.

{dmr` gWmE /FIs

iii.

~H$/ Banks

iv.

{ZOr H$mnm}aoQ> / Private Corporates

v.

AZwf{J`m/ g`w$ C

vi.

A`/Others

Subsidiaries/Joint Ventures

Cn-OmoS>/Sub-total
vii.

KQ>mE: y`mg hoVw {H$E JE mdYmZ


Less: Provision held towards Depreciation

Hw$b / Total

(3)
3,318.47
(1,206.91)
2,179.76
(1,923.47)
1,538.35
(1,200.83)
3,282.12
(2,641.51)
907.71
(687.79)
3,425.39
(5,960.73)
14,651.80
(13,621.24)
1,084.67
(948.87)
13,567.13
(12,672.37)

(` H$amoS> |)
{ZOr Vma na eo`a {Zdoe JoS> go ZrMo
Am~Q>Z
{V^y{V Am~Q>Z

Extent of Private Extent of Below


Placement
Investment
Grade
Securities
(4)
(5)
181.87
0.00
(181.87)
(0.00)
0.00
0.00
(0.00)
(0.00)
0.00
0.00
(0.00)
(0.00)
1,025.25
527.68
(1,533.99)
(2,789.26)
907.71
0.00
(687.79)
(0.00)
1,455.42
0.00
(4,134.59)
(29.58)
3,570.25
527.68
(6,538.24)
(2,818.84)
0.00
0.00
(0.00)
(0.00)
3,570.25
527.68
(6,538.24)
(2,818.84)

112

AloUrH$V
AgyMr~ Am~Q>Z
Extent of
{V^y{V Am~Q>Z
Extent of
Unrated
Securities

Un-listed
Securities

(6)

(7)

0.00
(0.00)
0.00
(0.00)
0.00
(0.00)
59.91
(0.00)
907.71
(687.79)
151.15
(149.46)
1,118.77
(837.25)
0.00
(0.00)
1,118.77
(837.25)

0.00
(10.00)
0.00
(0.00)
0.00
(134.07)
2,022.82
(4,217.59)
0.00
(0.00)
1,227.63
(406.40)
3,250.45
(4,768.06)
0.00
(0.00)
3,250.45
(4,768.06)

/ BANK OF INDIA
ii)

/ Annual Report 2013-14

AZOH$ Ja-EgEbAma {Zdoe

ii. Non-performing Non-SLR Investments

(` H$amoS> |)
{ddaU
ma{^H$ eof
df Ho$ XmamZ n[adYZ
df Ho$ XmamZ H$Q>m{V`m
B{Veof
Ym[aV Hw$b mdYmZ
* {d{Z` AVa em{b
4.3.3 {~H$s VWm EMQ>rE loUr H$mo/go hVmVaU:

Particulars

2013-14

2012-13

Opening balance

544.27

576.80

Additions during the year

365.73

205.47*

99.80

238.00

Closing balance

810.20

544.27

Total provisions held

547.93

458.94

Reductions during the year

* Including Exchange Difference


4.3.3.Sale and transfers of securities to/from HTM Category:

Particulars
2013-14 2012-13
{ddaU
ey`
df Ho$ ma^ o EMQ>rE loUr | aIo JE {Zdoe Ho$ ~{h y` Ho$ 5% Value in excess of 5% of the book value of investments held in ey`
HTM category at the beginning of the year
Nil
Nil
go A{YH$ y`
4.4 So>[ado{Q>d
4.4. Derivatives
4.4.1 dm`Xm Xa AZw~Y/`mO Xa dn
4.4.1. Forward Rate Agreement/ Interest Rate Swap
(` H$amoS> |) Sr. Particulars
As at
As at
No.
31.03.2014
31.03.2013
H $ . {ddaU
`Wm
`Wm
i)
The notional principal of swap
18,308.67
19,275.34
g.
31.03.2014 31.03.2013
agreements
i)
dn AZw~Y H$s H$pnV yb am{e
18,308.67
19,275.34
ii)
Losses which would be incurred
148.06
986.02
ii)
g~{YV njm| mam H$ama Ho$ AVJV
148.06
986.02
if counterparties failed to fulfil
their obligations under the
AnZo Xm{`d ny{V Z {H$E OmZo Ho$
agreements
$bd$n hmoZo dmbr hm{Z`m
iii) Collateral required by the bank No collaterals were required for
iii) dn {H$`m AnZmZo na ~H$ mam dn Ho$ {bE gnm{H$ {V^y{V
upon entering into swaps
the swaps as counterparties
Ano{jV gnm{H$ {V^y{V
H$s OaV Zht h `m|{H$ H$mCQ>a
were either banks or premier
nmQ>u `m Vmo ~H$ AWdm r{`a
Corporate.
H$mnm}aoQ> h&
iv) Concentration of credit risk There is no concentration of
iv) dn go AmE Ho${S>Q> OmopI H$m df Ho$ XmamZ `m>O Xa dn go
arising from the swaps
credit risk arising from the
interest rate swaps undertaken
gH|$U
Cn F$U OmopI H$m H$moB gHo$r
during the year.
Zht h&
v)
The fair value of the swap book
87.98
1,016.84
v)
dn ~hr H$m C{MV y`
87.98
1,016.84
4.4.2. Exchange Traded Interest Rate Derivatives
4.4.2 {d{Z` `mnma `mIO Xa So>[ado{Q>d

H$. {ddaU
g.

Sr.
No.
(i)

df Ho$ XmamZ {b`o J`o {d{Z` `mnma `mO Xa So>[ado{Q>d H$s


H$pnV yb am{e ({bpIV dma)

(ii)

`Wm 31 mM H$mo ~H$m`m {d{Z` `mnma `mO Xa So>{dao{Q>d H$s


H$pnV yb am{e ({bpIV dma)

(iii)

~H$m`m {d{Z` `mnma `mO Xa So>[ado{Q>d H$s H$pnV yb am{e


Ama Omo C ^mdr Zht hmo ({bpIV dma)

(iv)

~H$m`m {d{Z` `mnma `mO Xa So>[ado{Q>d H$m mH$-Qy>-mH}$Q>


y` Ama Omo C ^mdr Zht hmo ({bpIV dma)

Particulars

`Wm

`Wm

(-)

(-)

(-)

(-)

(-)

(-)

(-)

(-)

As at
As at
31.03.2014 31.03.2013
Notional principal amount of exchange traded interest
rate derivatives undertaken during the year (instrumentwise)
Notional principal amount of exchange traded interest
rate derivatives outstanding as on 31st March
(instrument-wise)
Notional principal amount of exchange traded interest
rate derivatives outstanding and not "highly effective"
(instrument-wise)
Mark-to-market value of exchange traded interest
rate derivatives outstanding and not "highly effective"
(instrument-wise)

113

/ BANK OF INDIA

4.4.3 So>[ado{Q>d | OmopI EgnmoOa na H$Q>Z


i. JwUmH$ H$Q>Z
~H$ VwbZ n H$s AmpV`m| Ama Xo`VmAm| H$s {Vajm Ho$ {bE AWdm
H$mamo~mar Co`m| Ama JmhH$ O$aVm| H$mo nyam H$aZo Ho$ {bE So>[ado{Q>d g{dXmE
H$aVm h Ogo {H$ `mO-Xa AXbm-~Xbr, wm AXbm-~Xbr Ama wm VWm
nana boZ XoZ H$s wm H$m {dH$n `m `mnma Ho$ Co` hoVw `o CnmX OmopI
H$s {Vajm, bmJV KQ>mZo VWm Eogo g`dhmam| go Am` ~T>mZo Ho$ {bE `moJ
{H$E OmVo h& ~H$ Bg H$ma Ho$ `dhma | {Og H$ma Ho$ OmopIm| H$m gmZm
H$aVm h, do h F$U OmopI, ~mOma OmopI, n[aMmbZJV OmopI Am{X&
OmopI ~YZ ~H$ Ho$ H$mamo~ma ~YZ H$m EH$ hdnyU ^mJ h& OmopI
H$s nhMmZ H$aZo Ama CZH$m {dcofU H$aZo, gw{MV OmopI grmE {ZYm[aV
H$aZo Ama CZ OmopIm| Ama grmAm| H$s {ZaVa AmYma na AVZ ~YZ
gyMZm Um{b`m| Ho$ O[aE XoI-aoI H$aZo Ho$ {bE ~H$ Zo OmopI ~YZ Zr{V`m
V`ma H$s h& OmopI ~YZ Zr{V`m Ama wI {Z`U grmE {ZXoeH$ S>b
mam AZwmo{XV H$s JB h Ama CZH$s {Z`{V AmYma na XoI-aoI VWm grjm
H$s OmVr h& ~H$ H$m gJR>Z OmopI Ho$ ~YZ | ghm`H$ ahm h& So>[ado{Q>d
n[aMmbZ | `mnma {H$`m H$bmnm| Ho$ F$U OmopIm| H$s n`m OmZH$mar h&

A`j Ed ~Y {ZXoeH$ H$s A`jVm | ~H$ Ho$ {ZXoeH$m| H$s OmopI ~YZ
g{{V h&

{Vajm AXbm-~Xbr H$m boImH$Z CnM` Ho$ AmYma na {H$`m OmVm h {gdm`
AmpV VWm Xo`Vm Ho$ gmW A{^{hV AXbm-~Xbr H$mo ~mOma yp` AWdm
bmJV/~mOma yp` go H$ | {b`m OmVm h& Eogo mbm| | AXbm-~Xbr H$s
pW{V ~mOma yp` na hmoVr h Ama CgHo$ n[aUmdn mm bm^ AWdm
hm{Z H$mo A{^{hV AmpV Ama Xo`Vm Ho$ ~mOma y`b Ho$ gmW gm`moOZ Ho$
n | [aH$mS> {H$`m OmEJm& A{^{hV AmpV AWdm Xo`VmAm| na bm^ AWdm
hm{Z | {V gVwbZ {XIm`o OmZo na `mVO Xam| H$s AXbm-~Xbr Ho$ bm^
AWdm hm{Z H$mo {XIm`m OmEJm& BgH$m AW h `mgO Xam| H$s AXbm-~Xbr
H$s gm{ na hE bm^ AWdm hm{Z AmW {JV aIr OmEJr Ama AXbm~Xbr Ho$ eof ~Mo H$ama-Am`w AWdm AmpV/Xo`Vm Ho$ eof Am`w na An
H$m{bH$ {XIm`m OmEJm&

H$mamo~mar So>[ado{Q>d H$s pW{V ~mOma y`y na hmoVr h Ama `{X H$moB hm{Z hmo,
Vmo Cgo bm^-hm{Z ImVo | {XIm`m OmVm h `{X H$moB bm^ hmo, Vmo {ZnQ>mZ
{V{W go Zht {XIm`m OmVm h& d n H$s gm{ na bm^ Ama hm{Z H$mo VH$mb
Am` Ama `r` | [aH$mS> {H$`m OmVm h&
~H$ | d[a> Ama C ~YZ H$mo Amd{YH$ [anmoQ>m] H$mo VwV H$aZo H$s
C{MV n{V h BgHo$ gmW hr ^maVr` [aOd ~H$ mam Ano{jV/`m n[aMmbZ
Amd`H$VmZwgma {d{Z`mH$ m{YH$m[a`m| H$mo ^r [anmoQ> ^oOr OmVr h& ~H$ Ho$
nmg {ZXoeH$ ~moS> mam AZwmo{XV {d{^ nhbyAm| na nr>a So>[ado{Q>d {Xem{ZX}e h& So>[ado{Q>d boZ XoZ gdVu AmV[aH$, gm{d{YH$ Ama {Z`mH$ boIm
narjm Ho$ eVm} Ho$ A`nYrZ h&
g`dhmam| Ho$ {Vnj ~H$ mW{H$ S>rba Ama r{`a H$mnm}aoQg BH$mB`m
h& BZ| `dhma AZwmo{XV F$U OmopI grm Ho$ AXa {H$`m OmVm h& ~H$
Zo `mO Xa Ed {dXoer {d{Z` So>[ado{Q>d boZ-XoZm| Ho$ H$maU Cn F$U
OmopIm| Ho$ mnZ Ho$ {bE ^maVr` [aOd ~H$ mam {ZYmaV dVmZ F$U OmopI
{d{Y AnZmB h& dVmZ F$U OmopI {d{Y | dVmZ F$U OmopI Ama BZ
g{dXmAm| Ho$ g^mdr AmJmr F$U OmopI H$m OmoS> h&
dVmZ F$U EgnmoOa BZ g{dXmAm| Ho$ gH$mamH$ mH$-Qy>-mH}$Q> y`
H$m OmoS> h AWmV O~ ~H$ H$mo {Vnj go am{e m H$aZr hmoVr h&

g^mdr AmJmr F$U OmopI H$m {ZYmaU BZ g{dXmAm| Ho$ H${VnV yb am{e,
Mmho g{dXm H$m ey`, gH$mamH$ AWdm ZH$mamH$ mH$-Qy>-mH}$Q> y`
hmo, Ho$ gmW {ZZmZwgma g~{YV ES>-AmZ Vdm| Ho$ AZwgma {bIV Ho$ eof
n[an$Vm Ama d$n H$m JwUm H$aHo$ m {H$`m OmEJm&

/ Annual Report 2013-14


4.4.3. Disclosures on risk exposure in derivatives
i.

Qualitative Disclosure

The Bank enters into derivative contracts such as interest rate


swaps, currency swaps and currency options to hedge on balance
sheet assets and liabilities or to meet client requirements as well
as for trading purpose as per policy approved by the Board. These
products are used for hedging risk, reducing cost and increasing the
yield. In such transactions the types of risks to which the bank is
exposed to, are credit risk, market risk, operational risk etc.

Risk management is an integral part of banks business


management. Bank has risk management policies designed
to identify and analyse risks, to set appropriate risk limits and to
monitor these risks and limits on an on-going basis by means of
reliable and up to date management information systems. The risk
management policies and major control limits are approved by the
Board of Directors and they are monitored and reviewed regularly.
The organization of the Bank is conducive to managing risks. There
is sufficient awareness of the risks and the size of exposure of the
trading activities in derivative operations.

The Bank has a Risk Management Committee of Directors presided


over by the Chairman and Managing Director.

Hedging swaps are accounted for on an accrual basis except for


swap designated with an asset and liability that is carried at market
value or lower of cost/market value. In such cases, the swaps are
marked to market and the resulting gain or loss is recorded as an
adjustment to the market value of the designated asset or liability.
Gains or losses on the termination of swaps are recognised when
the offsetting gain or loss is recognised on the designated asset or
liability. This implies that any gain or loss on the terminated swap
would be deferred and recognised over the shorter of the remaining
contracting life of the swap or the remaining life of the asset/liability.

Trading derivative positions are marked to market (MTM) and the


resulting losses, if any, are recognised in the profit and loss account.
Profit, if any, are not recognised on the settlement date. Gains or
losses on termination of swaps are recorded as immediate income
or expenses.

Bank has a proper system of submitting periodical reports to Senior


and Top Management and Board as well as regulatory authorities
as required by RBI and/or as per operational requirements. Bank
has clearly spelt derivative guidelines on various aspects approved
by the Board of Director.The derivative transactions are subject to
concurrent, internal, statutory and regulatory audits.

The counter parties to the transactions are banks, primary dealers


and corporate entities. The deals are done under approved
exposure limits. The Bank has adopted the Current Exposure
method prescribed by Reserve Bank of India for measuring Credit
Exposures arising on account of interest rate and foreign exchange
derivative transactions. Current exposure method is the sum of
current credit exposure and potential future exposure of these
contracts.

The current credit exposure is the sum of positive mark to market


value of these contracts i.e. when the Bank has to receive money
from the counter party.

Potential future credit exposure is determined by multiplying the


notional principal amount of these contracts irrespective of whether
the contract has zero, positive or negative mark to market value by
the relevant add-on factors as under according to the nature and
residual maturity of the instrument.

114

/ BANK OF INDIA

Ad{e> n[an$Vm

Hw$b AZwm{ZV yb am{e na bmJy


n[adVZH$maH$ Vd
`mO Xa g{dXm {d{Z` Xa g{dXm
0.50%
2.00%
1.00%
10.00%
3.00%
15.00%

EH$ df `m Cggo H$
EH$ df go A{YH$ nmM df VH$
nmM df go A{YH$

/ Annual Report 2013-14

Residual Maturity
One year or less
Over one year to five years
Over five years

F$U OmopI H$s JUZm H$aVo g` {~H$sJV {dH$nmo H$mo dhm N>moS> {X`m OmVm

received / realized.

h&

ii.

While computing the credit exposure, sold options are excluded


wherever the entire premium/fee or any other form of income is

h Ohm H$ht r{` / ewH$ `m {H$gr ^r $n | Am` m / dgybr hmoVr


As per the extant RBI guidelines credit exposures computed as

^maVr` [aOd ~H$ Ho$ {Xem {ZX}emZwgma Ho$ AZwgma g{dXm Ho$ dVmZ ~mOma

per the current Mark to Market value of the contracts, also attracts

y` na F$U OmopI H$s JUZm H$s OmVr ho& Bg na mZH$ loUr Ho$ F$U

provisioning requirement as applicable to the loan assets in the

AmpV na bmJy mdYmZ OaV| ^r bmJy h& dVmZ | OmopI dmbr AmpV`m|

Standard category, of the concerned counterparty. At present the

na 0.4% mdYmZ {H$`m OmZm h& hmao ImVm| | ~H$ Cn`w$ Ho$ AZwgma

provision is to be maintained at 0.40% of the risk weighted assets.

Ano{jV mdYmZ H$aVo h&

The Bank makes the requisite provision as aforesaid in the books.


ii.

mmH$ H$Q>Z

H$.
g.

{ddaU

Quantitative Disclosures
Particulars

So>[ado{Q>d (AZwm{ZV yb am{e)

H$) hoqOJ hoVw

`mO Xa na pW{V`m 1

Marked to Market Positions [1]

H$) AmpV (+)

a) Asset (+)

Credit Exposure [2]

`mO Xa | EH$ {VeV Ho$ n[adVZ go hmoZo dmbm g^m`e


^md (100*nrdr01)

Likely impact of one percentage change in interest


rate (100*PV01)

H$)

a) On hedging derivatives

hoqOJ So>[ado{Q>d na
QoqS>J So>[ado{Q>d na

df Ho$ XmamZ XoIr JB 100*nrdr01 H$s A{YH$V Ed


`yZZV
H$)

hoqOJ So>[ado{Q>d na

a) On hedging

I)

QoqS>J So>[ado{Q>d na

b) On trading

115

17,431.58

(1,772.34)

(18,593.84)
876.87

(1,21,083.05)

(681.43)

0.00

698.07

(104.81)

(1,016.81)

95.68

21.20

(13.04)

(46.82)

6,279.92

360.26

(9,518.42)

(280.09)

1.69

67.43

(0.02)

(22.07)

0.01

-0.01

b) On trading derivatives
Maximum & Minimum of 100*PV01 observed
during the year

6,461.74

1,31,059.06

b) Liability (-)

Ho${S>Q> EgmnmoOa 2

I)

a) For hedging

b) For trading

Xo`Vm (-)

Interest Rate
Derivatives

Derivatives (Notional Principal Amount)

I) H$mamo~ma hoVw

I)

wm So>[ado{Q>d `mOXa So>[ado{Q>d


Currency
Derivatives

Sr.
No.

Conversion factor applied on


Notional Principal Amount.
Interest Rate
Exchange
Contract
Rate Contract
0.50%
2.00%
1.00%
10.00%
3.00%
15.00%

(0.00)
Max

Min

4.01
1.69
(0.04) (0.02)
0.01
0.01
(0.01) (0.00)

(0.00)
Max

Min

70.79
67.53
(20.25) (14.29)
0.01
0.01
(0.00)
(0.00)

/ BANK OF INDIA

/ Annual Report 2013-14

4.5 AmpV JwUdmma


4.5.1 AZOH$ AmpV`m
(H$) AZOH$ A{J
{ddaU
(i) {Zdb A{Jm| | go {Zdb EZnrE (%)
(ii) EZnrE (gH$b) H$m CVma-MT>md
H$) Ama{^H$ eof
I) df Ho$ XmamZ n[adYZ
J) df Ho$ XmamZ H$r
K) A{V eof
(iii) {Zdb EZnrE H$m CVma-MT>md
H$)Ama{^H$ eof
I) df Ho$ XmamZ n[adYZ
J) df Ho$ XmamZ H$r
K) A{V eof
(iv) EZnrE Ho$ {bE mdYmZm| H$m CVma-MT>md
(mZH$ AmpV`m| na mdYmZ H$mo N>moS>H$a)
H$) Ama{^H$ eof
I) df Ho$ XmamZ {H$E J`o mdYmZ
J) ~>o ImVo |/A{V[a$ mdYmZ H$mo amBQ> ~H$
K) A{V eof
(I) AZOH$ {Zdoe
{ddaU
(ii) {Zdb {Zdoe na {Zdb EZnrAmB (%)
(ii) EZnrAmB (gH$b) H$m dmh
H$) Ama{^H$ eof
I) df Ho$ XmamZ n[adYZ
J) df Ho$ XmamZ H$r
K) A{V eof
(iii) {Zdb EZnrAmB H$m CVma-MT>md
H$) Ama{^H$ eof
I) df Ho$ XmamZ n[adYZ
J) df Ho$ XmamZ H$r
K) A{V eof
(iv) EZnrAmB Ho$ {bE mdYmZm| H$m CVma-MT>md
H$) Ama{^H$ eof
I) df Ho$ XmamZ {H$E J`o mdYmZ
J) ~>o ImVo |/A{V[a$ mdYmZ H$mo amBQ> ~H$
K) A{V eof

4.5. Asset Quality


4.5.1. Non-Performing Assets
(a) Non performing Advances

(. H$amoS> |)
Particulars

2013-14

2012-13

2.00%

2.06%

a) Opening balance

8,765.25

5,893.97

b) Additions during the year

8,810.91

7,379.56

c)

5,707.56

4,508.28

11,868.60

8,765.25

a) Opening balance

5,947.31

3,656.42

b) Additions during the year

3,040.02

2,960.27

c)

1,570.11

669.38

7,417.22

5,947.31

a) Opening balance

1,958.88

1,472.78

b) Provisions made during the year

4,522.15

2,876.69

c)

2,916.72

2,390.59

3,564.31

1,958.88

(i) Net NPAs to Net Advances (%)


(ii) Movement of NPAs (Gross)

Reductions during the year

d) Closing balance
(iii) Movement of Net NPAs

Reductions during the year

d) Closing balance
(iv) Movement of provision for NPAs (excluding provisions
on standard assets)

Write-off/write-back of excess provisions

d) Closing balance
(b) Non performing Investments

(. H$amoS> |)
Particulars
(i) Net NPIs to Net Investment (%)

2013-14 2012-13
0.23%

0.09%

(ii) Movement of NPIs (Gross)


a)

Opening balance

544.27

576.90

b)

Additions during the year

365.73

198.51

c)

Reductions during the year

99.80

231.14

d)

Closing balance

810.21

544.27

(iii) Movement of Net NPIs


a)

Opening balance

b)

Additions during the year

c)

Reductions during the year

d)

Closing balance

85.33

186.04

182.50

(69.79)

5.55

30.92

262.28

85.33

(iv) Movement of provision for NPIs


a)

Opening balance

458.95

390.86

b)

Provisions made during the year

183.23

268.30

c)

Write-off/write-back of excess provisions

94.25

200.21

d)

Closing balance

547.93

458.95

116

117

No

Sr.

H$.
g.

Provision
thereon

Cg na
mdYmZ

Amount
Outstanding

~H$mm am{e

No. Of
Borrowers

Restructured standard
advances which
cease to attract higher
provisioning and / or
additional risk weight
at the end of the FY
and hence need not be
shown as restructured
standard advances at
the beginning of the
next FY

Eogo nwZJ{R>V mZH$


A{J {OZna {dmr df
H$s gmpV na CMVa
mdYmZrH$aU Ama/AWdm
{V[aV Omo{I ^ma
bJZm ~X h Ama Bgr{bE
Ch| AJbo {dmr df Ho$
ma^ go nwZJ{R>V mZH$
A{Jm| Ho$ $n | XemZo H$s
AmdH$Vm Zht h&

Provision
thereon

Cg na
mdYmZ

Amount
Outstanding

~H$mm am{e

No. Of
Borrowers

CYmaH$Vm A m|
H$s gm

Provision
thereon

Cg na
mdYmZ

Amount
Outstanding

~H$mm am{e

{dmr df Ho$ XmamZ CYmaH$Vm A m|


nwZJ{R>V mZH$ dJ o H$s gm
No. Of
CZ
Borrowers

Upgradations to
restructured standard
category during the FY

Fresh restructuring
during the year

Provision
thereon

Cg na
mdYmZ

Amount
Outstanding

df Ho$ XmamZ VmOm nwZJ{R>V CYmaH$Vm A m|


mZH$ dJ
H$s gm

As on April 1 of FY
(Opening Figure)

{dmr` df Ho$ `Wm 1 Ab CYmaH$Vm A m|


H$mo nwZJ{R>V ImVo
H$s gm
No. Of
(map^H$ AmH$S>o)
Borrowers
CYmaH$VmAm| H$s g`m
Restructured Account
~H$mm am{e

Details

AmpV`m| H$m {ddaU/Assets Classification


`mao

Type of Restructuring

nwZJ{R>V ImVm| Ho$ H$ma

48.70
(0.0)

446.67
(257.73)

0.00
(0.0)
0.00
(0.0)

1138.40
(349.97)
141.63
(36.80)

0
(0)

-12.87
(0.0)

12.87
(0.0)

12
(5)

-138.69
(0.0)

138.69
(0.0)

-2
(0)

56.03
(43.36)

228.55
(283.86)

2
(0)

457.81
(339.99)

2017.35
(3551.40)

5
(5)

1073.73
(0)

4951.96
(2569.07)

15
(40)

7
(0)

Substandard

0.00
(0.0)

0.00
(0.0)

0
(0)

0.00
(0.0)

0.00
(0.0)

0
(0)

0.00
(0.0)

0.00
(0.0)

0
(0)

9.96
(18.79)

39.16
(44.13)

2
(2)

Doubtful

d{H$ /Global
AdmZH$
g{XY

56
(29)

Standard

mZH$

Under CDR Mechanism

0.00
(0.0)

0.00
(0.0)

0
(0)

0.00
(0.0)

0.00
(0.0)

0
(0)

0.00
(0.0)

0.00
(0.0)

0
(0)

0.00
(0.0)

0.00
(0.0)

0
(0)

Loss

hm{Z

grS>rAma oHo${ZO Ho$ VhV

65
(31)

Total

Hw$b

141.63
(36.80)

1138.40
(349.97)

12
(5)

0.00
(0.0)

0.00
(0.0)

0
(0)

284.58
(327.22)

2475.16
(3891.39)

20
(45)

505.33
(276.52)

6064.85
(2613.20)

4.5.2 nwZJ{R>V ImVm| Ho$ {ddaU


(H$) df Ho$ XmamZ nwZJR>Z H$s eV na F$U AmpV`m| Ho$ `mao

0.05
(0.0)

4.30
(0.0)

9
(0)

0.00
(0.0)

0.00
(0.0)

0
(0)

14.99
(1.09)

542.01
(379.14)

86
(57)

1.17
(0.0)

385.92
(15.17)

71
(14)

Standard

mZH$

0.00
(0.0)

0.00
(0.0)

0
(0)

0.00
(0.0)

0.00
(0.0)

0
(0)

6.61
(0.0)

127.17
(11.71)

9
(4)

0.00
(0.0)

11.71
(0.0)

4
(0)

Substandard

0.00
(0.0)

0.00
(0.0)

0
(0)

0.00
(0.0)

0.00
(0.0)

0
(0)

3.68
(0.0)

35.80
(1.35)

2
(1)

0.00
(0.0)

1.35
(0.0)

1
(0)

Doubtful

d{H$ /Global
AdmZH$
g{XY

0.00
(0.0)

0.00
(0.0)

0
(0)

0.00
(0.0)

0.00
(0.0)

0
(0)

0.00
(0.0)

0.00
(0.0)

0
(0)

0.00
(0.0)

0.00
(0.0)

0
(0)

Loss

hm{Z

EgEB F$U nwZJR>Z Ho$ VhV

Under SME Debt Restructuring

0.05
(0.0)

4.30
(0.0)

9
(0)

0.00
(0.0)

0.00
(0.0)

0
(0)

25.28
(1.09)

704.98
(392.20)

97
(62)

1.17
(0.0)

398.98
(15.17)

76
(14)

Total

Hw$b

14.92
(19.30)

5147.07
(942.55)

6255
(25411)

0.10
(0.0)

1355.81
(3.28)

-1
(2)

103.40
(219.13)

2514.85
(4620.48)

19598
(9105)

250.57
(98.36)

11934.15
(8269.77)

15391
(31744)

Standard

mZH$

0.00
(0.0)

0.00
(0.0)

0
(0)

-0.10
(0.0)

-9.24
(-3.28)

-3
(-2)

11.52
(0.41)

268.85
(17.49)

603
(571)

9.10
(56.77)

437.63
(776.63)

0.00
(0.0)

0.00
(0.0)

0
(0)

0.00
(0.0)

0.00
(0.0)

0
(0)

11.56
(0.12)

137.58
(2.38)

118
(259)

4.25
(0.08)

179.17
(80.24)

275
(16)

Doubtful

Loss

2
(0)

0.00
(0.0)

0.00
(0.0)

0
(0)

0.00
(0.0)

0.00
(0.0)

0
(0)

0.00
(0.0)

0.00
(0.0)

0
(0)

0.00
(0.0)

160.70
(0.0)

d{H$ /Global
g{XY
hm{Z

884
(601)

Substandard

AdmZH$

A`

Others

14.92
(19.30)

5147.07
(942.55)

6255
(25411)

0.00
(0.0)

1346.57
(0.0)

-4
(0)

126.48
(219.66)

2921.28
(4640.35)

20319
(9935)

263.92
(155.21)

12711.65
(9126.64)

16552
(32361)

Total

Hw$b

156.60
(56.10)

6289.77
(1292.52)

6276
(25416)

12.97
(0.0)

1494.50
(3.28)

1
(2)

346.94
(504.08)

5074.21
(8551.03)

19699
(9202)

698.41
(356.09)

17272.03
(10854.02)

15518
(31787)

Standard

mZH$

0.00
(0.0)

0.00
(0.0)

0
(0)

-12.97
(0.0)

-147.93
(-3.28)

-5
(-2)

74.16
(43.77)

853.83
(369.19)

617
(580)

57.80
(56.77)

1523.07
(776.63)

895
(601)

0.00
(0.0)

0.00
(0.0)

0
(0)

0.00
(0.0)

0.00
(0.0)

0
(0)

15.24
(0.12)

173.38
(3.73)

120
(260)

14.21
(18.87)

219.68
(124.37)

278
(18)

Doubtful

d{H$ /Global
g{XY

Substandard

AdmZH$

Hw$b

Total

0.00
(0.0)

0.00
(0.0)

0
(0)

0.00
(0.0)

0.00
(0.0)

0
(0)

0.00
(0.00)

0.00
(0.0)

0
(0)

0.00
(0.0)

160.70
(0.0)

2
(0)

hm{Z

Loss

156.60
(56.10)

6289.77
(1292.52)

6276
(25416)

0.00
(0.0)

1346.57
(0.0)

-4
(0)

436.34
(547.97)

6101.42
(8923.95)

20436
(10042)

770.42
(431.73)

19175.48
(11755.02)

16693
(32406)

Hw$b

Total

(am{e ` H$amoS> | / ` in Crores)

(a) Details of loan assets subjected to restructuring during 2013-14

4.5.2. Particulars of Accounts Restructured

/ BANK OF INDIA
/ Annual Report 2013-14

No

Sr.

H$.
g.

118

Provision
thereon

Cg na
mdYmZ

Amount
Outstanding

~H$mm am{e

Provision
thereon

Cg na
mdYmZ

Amount
Outstanding

~H$mm am{e

{dmr df Ho$ Wm 31 mM CYmaH$Vm A m|


H$mo nwZJ{R>V ImVo
H$s gm
No. Of
(boIm~Xr AmH$S>|*)
Borrowers

Restructured Accounts
as on March 31 of the
FY
(closing figures*)

Write-offs of restructured
accounts during the FY

Provision
thereon

Cg na
mdYmZ

Amount
Outstanding

~H$mm am{e

{dmr df Ho$ XmamZ CYmaH$Vm A m|


nwZJ{R>V ImVm| H$mo ~>o H$s gm
No. Of
ImVo | S>mbZm
Borrowers

Downgradations of
restructured accounts
during the FY

{dmr df Ho$ XmamZ CYmaH$Vm A m|


nwZJ{R>V ImVm| H$m H$s gm
No. Of
S>mCZJoS>oeZ
Borrowers

Details

AmpV`m| H$m {ddaU/Assets Classification


`mao

Type of Restructuring

nwZJ{R>V ImVm| Ho$ H$ma

1377.97
(1073.73)
108.84
(48.70)

4810.86
(4951.96)
424.23
(446.67)

16
(7)

27.21
(0.0)

48.41
(0.0)

42
(56)

245.75
(0.0)

640.60
(0.0)

3
(0)

51.17
(5.34)

-51.17
(-5.34)

9
(0)

1015.59
(733.74)

11
(2)

Substandard

1.96
(9.96)

632.08
(39.16)

1
(2)

9.96
(0.0)

39.16
(0.0)

2
(0)

0.00
(0.0)

0.00
(0.0)

0
(0)

Doubtful

d{H$ /Global
AdmZH$
g{XY

-1015.59
(-733.74)

-11
(-2)

Standard

mZH$

Under CDR Mechanism

0.00
(0.0)

0.00
(0.0)

0
(0)

0.00
(0.0)

0.00
(0.0)

0
(0)

0.00
(0.0)

0.00
(0.0)

0
(0)

Loss

hm{Z

grS>rAma oHo${ZO Ho$ VhV

0
(0)

59
(65)

85.58
(0.0)

925.51
(0.0)

14
(0)

0.00
(0.0)

0.00
(0.0)

Total

Hw$b

535.03
(505.33)

6820.91
(6064.85)

4.5.2 nwZJ{R>V ImVm| Ho$ {ddaU


(H$) df Ho$ XmamZ nwZJR>Z H$s eV na F$U AmpV`m| Ho$ `mao

16.16
(1.17)

816.16
(385.92)

127
(71)

0.00
(0.0)

61.59
(0.0)

7
(0)

-0.04
(0.0)

-74.17
(0.0)

-16
(0)

Standard

mZH$

6.61
(0.0)

191.11
(11.71)

22
(4)

0.00
(0.0)

0.00
(0.0)

0
(0)

0.04
(0.0)

68.97
(0.0)

14
(0)

Substandard

3.68
(0.0)

51.96
(1.35)

8
(1)

0.00
(0.0)

0.00
(0.0)

0
(0)

0.00
(0.0)

3.51
(0.0)

1
(0)

Doubtful

d{H$ /Global
AdmZH$
g{XY

0.00
(0.0)

1.72
(0.0)

1
(0)

0.00
(0.0)

0.00
(0.0)

0
(0)

0.00
(0.0)

1.69
(0.0)

1
(0)

Loss

hm{Z

Under SME Debt Restructuring

EgEB F$U nwZJR>Z Ho$ VhV

26.45
(1.17)

1060.95
(398.98)

158
(76)

0.00
(0.0)

61.59
(0.0)

7
(0)

0.00
(0.0)

0.00
(0.0)

0
(0)

Total

Hw$b

436.56
(253.42)

7930.45
(11934.15)

28689
(15391)

12.25
(0.0)

227.17
(0.0)

6
(0)

-13.37
(-18.95)

-460.45
(930.64)

-38
(-50)

Standard

mZH$

25.19
(9.10)

750.97
(437.63)

1226
(884)

7.22
(0.0)

293.85
(0.0)

8
(0)

13.36
(14.75)

459.51
(618.98)

15.60
(4.01)

390.97
(179.17)

396
(275)

0.42
(0.0)

35.62
(0.0)

1
(0)

0.01
(4.20)

0.94
(142.68)

1
(6)

Doubtful

Loss

0
(2)

0.00
(0.0)

190.69
(160.70)

1
(2)

0.00
(0.0)

1.40
(0.0)

1
(0)

0.00
(0.0)

0.00
(168.98)

d{H$ /Global
g{XY
hm{Z

37
(42)

Substandard

AdmZH$

Others

A`

0
(0)

477.35
(266.53)

9263.08
(12711.66)

30312
(16552)

19.89
(0.0)

558.04
(0.0)

16
(0)

0.00
(0.0)

0.00
(0.0)

Total

Hw$b

876.95
(701.26)

13557.47
(17272.03)

28858
(15518)

60.66
(0.0)

929.36
(0.0)

22
(0)

-64.58
(-24.29)

-1550.21
(-1664.38)

-65
(-52)

Standard

mZH$

140.64
(57.80)

2320.05
(1523.07)

1264
(895)

34.43
(0.0)

539.60
(0.0)

11
(0)

64.57
(20.29)

1544.07
(1352.72)

62
(44)

21.24
(13.97)

1075.01
(219.68)

405
(278)

10.38
(0.0)

74.78
(0.0)

3
(0)

0.01
(4.20)

4.45
(142.68)

2
(6)

Doubtful

d{H$ /Global
g{XY

Substandard

AdmZH$

Hw$b

Total

0.00
(0.00)

192.41
(160.70)

2
(2)

0.00
(0.0)

1.40
(0.0)

1
(0)

0.00
(0.0)

1.69
(168.98)

1
(2)

hm{Z
Loss

0
(0)

1038.83
(773.03)

17144.94
(19175.49)

30529
(16693)

105.47
(0.0)

1545.14
(0.0)

37
(0)

0.00
(0.0)

0.00
(0.0)

Hw$b

Total

(am{e ` H$amoS> | / ` in Crores

(a) Details of loan assets subjected to restructuring during 2013-14

4.5.2. Particulars of Accounts Restructured

/ BANK OF INDIA
/ Annual Report 2013-14

/ BANK OF INDIA

/ Annual Report 2013-14


4.5. Asset Quality

4.5 AmpV JwUdmmH$


4.5.1 AZOH$ AmpV`m

(H$) AZOH$ A{J

4.5.1 Non Performing Assets


a)

Non Performing advances

(` H$amoS> |)
(i)
(ii)

H$)
I)
J)
K)
(iii)

H$)
I)
J)
K)
(iv)

H$)
I)
J)
K)

{ddaU
{Zdb A{Jm| | go {Zdb EZnrE (%)
EZnrE (gH$b) H$m CVma-MT>md
Ama{^H$ eof
df Ho$ XmamZ n[adYZ
df Ho$ XmamZ H$r
A{V eof
{Zdb EZnrE H$m CVma-MT>md
Ama{^H$ eof
df Ho$ XmamZ n[adYZ
df Ho$ XmamZ H$r
A{V eof
EZnrE Ho$ {bE mdYmZm| H$m CVma-MT>md (mZH$ AmpV`m| na
mdYmZ H$mo N>moS>H$a)
Ama{^H$ eof
df Ho$ XmamZ {H$E J`o mdYmZ
~>o ImVo |/A{V[a$ mdYmZ H$mo amBQ> ~H$
A{V eof

(i) Net NPAs to Net Advances (%)

2013-14 2012-13
2.00%
2.06%

(ii) Movement of NPAs (Gross)


a) Opening balance
b) Additions during the year
c) Reductions during the year
d) Closing balance

8,765.25
8,810.91
5,707.56
11,868.60

5,893.97
7,379.56
4,508.28
8,765.25

5,947.31
3,040.02
1,570.11
7,417.22

3,656.42
2,960.27
669.38
5,947.31

(iii) Movement of Net NPAs


a) Opening balance
b) Additions during the year
c) Reductions during the year
d) Closing balance
(iv) Movement of provision for NPAs
(excluding provisions on standard assets)
a) Opening balance
b) Provisions made during the year
c) Write-off/write-back of excess provisions
d) Closing balance

1,958.88
4,522.15
2,916.72
3,564.31

1,472.78
2,876.69
2,390.59
1,958.88

(I) AZOH$ {Zdoe


(` H$amoS> |)
(ii)
(ii)

H$)
I)
J)
K)
(iii)

H$)
I)
J)
K)
(iv)

H$)
I)
J)
K)

{ddaU
{Zdb {Zdoe na {Zdb EZnrAmB (%)
EZnrAmB (gH$b) H$m dmh
Ama{^H$ eof
df Ho$ XmamZ n[adYZ
df Ho$ XmamZ H$r
A{V eof
{Zdb EZnrAmB H$m CVma-MT>md
Ama{^H$ eof
df Ho$ XmamZ n[adYZ
df Ho$ XmamZ H$r
A{V eof
EZnrAmB Ho$ {bE mdYmZm| H$m CVma-MT>md
Ama{^H$ eof
df Ho$ XmamZ {H$E J`o mdYmZ
~>o ImVo |/A{V[a$ mdYmZ H$mo amBQ> ~H$
A{V eof

(i) Net NPIs to Net Investment (%)

2013-14
0.23%

2012-13
0.09%

544.27
365.73
99.80
810.21

576.90
198.51
231.14
544.27

85.33
182.50
5.55
262.28

186.04
(69.79)
30.92
85.33

458.95
183.23
94.25
547.93

390.86
268.30
200.21
458.95

(ii) Movement of NPIs (Gross)


a)

Opening balance

b)

Additions during the year

c)

Reductions during the year

d)

Closing balance

(iii) Movement of Net NPIs


a)

Opening balance

b)

Additions during the year

c)

Reductions during the year

d)

Closing balance

(iv) Movement of provision for NPIs


a)

Opening balance

b)

Provisions made during the year

c)

Write-off/write-back of excess provisions

d)

Closing balance

119

/ BANK OF INDIA

/ Annual Report 2013-14

4.5.3 AmpV nwZJR>Z Ho$ {bE {V^y{VH$aU/nwZJR>Z H$nZr H$mo ~oMr JB


{dmr` AmpV`m| H$m `mam

H$.
{ddaU
g.
Sr.
No.
(i)
(ii)
(iii)
(iv)

ImVm| H$s g`m


Eggr/Amagr H$mo ~oMo JE ImVm| H$m Hw$b y` (mdYmZm| H$mo
KQ>mH$a)
Hw$b {V$b
{dJV dfm] | AV[aV ImVm| o dgyb {H$`m hAm A{V[a$ {V$b

(v)

(` H$amoS> |)
Particulars

2013-14

2012-13

Number of accounts

217,061

Aggregate value (net of provision) of accounts sold to SC/


RC

2,331.52

8.25

Aggregate consideration

2,628.57

11.47

297.05

3.22

Additional consideration realized in respect of accounts


transferred in earlier years
Aggregate gain/(loss) over net book value

{Zdb ~hr y` na Hw$b Am`/(hm{Z)


4.5.4 IarXr JB/~oMr JB AZOH$ {dmr` AmpV`m| H$m `mam (A` ~H$m|
go/H$mo)
H$) IarXr JB AZOH$ {dmr` AmpV`m| H$m `mam :
{ddaU
1 (H$) df Ho$ XmamZ IarXo JE ImVm| H$s g`m
(I) Hw$b ~H$m`m
2 (H$) BZ| go df Ho$ XmamZ {H$VZo ImVm| H$m nwZJR>Z {H$`m J`m
(I) Hw$b ~H$m`m
I) ~oMr JB AZOH$ {dmr` AmpV`m| H$m `mam:

4.5.3. Details of financial assets sold to Securitisation/


Reconstruction Company forAsset Reconstruction

4.5.4. Details of non-performing financial assets purchased/sold


(from/to other banks)

Details of non-performing financial assets purchased:

(` H$amoS> |)
Particulars

1 (a) No. of accounts purchased during the year


(b) Aggregate outstanding
2 (a) Of these, number of accounts restructured during the year
(b) Aggregate outstanding

2013-14

2012-13

ey`/NIL
ey`/NIL
ey`/NIL
ey`/NIL

ey`/NIL
ey`/NIL
ey`/NIL
ey`/NIL

a) Details of non-performing financial assets sold :

(` H$amoS> |)
{ddaU
1. ~oMo JE ImVm| H$s g`m
2. Hw$b ~H$m`m
3. m Hw$b {V$b
4.5.5 mZH$ AmpV`m| na mdYmZ

Particulars
1. No. of accounts sold
2. Aggregate outstanding
3. Aggregate consideration received

2013-14

2012-13

ey`/NIL ey`/NIL
ey`/NIL ey`/NIL
ey`/NIL ey`/NIL

4.5.5. Provisions on Standard Assets

(` H$amoS> |)
{ddaU
mZH$ AmpV`m| Ho$ {bE mdYmZ (Ama~rAmB Ho$ wVm{~H$)
4.6 H$mamo~ma AZwnmV
Sr.
No.
(i)

AmgV H$m`erb {Z{Y`m| | `mO Am` H$m {VeV


AmgV H$m`erb {Z{Y`m| | Ja-`mO Am` H$m {VeV

(iii)

AmgV H$m`erb {Z{Y`m| | n[aMmbZ bm^ H$m {VeV

(iv)

AmpV`m| na {V$b
{V H$Mmar H$mamo~ma (` H$amoS> |) (Omam{e +A{J)
{V H$Mmar bm^ (` H$amoS> |)

(vi)

Provisions towards Standard Assets (in terms of RBI)

`Wm

`Wm

As at
31.03.2014
1,984.32

As at
31.03.2013
1,498.63

31.03.2014

31.03.2013

4.6. Business Ratios

{ddaU

(ii)

(v)

Particulars

Particulars
Interest Income as a percentage to average Working
Funds
Non-interest income as a percentage to average
Working Funds
Operating Profit as a percentage to average Working
Funds
Return on Assets
Business per employee(deposits plus advances)
Profit per employee

120

7.19%

7.53%

0.81%

0.89%

1.60%

1.76%

0.51%

0.65%

19.63

15.82

0.0628

0.0644

/ BANK OF INDIA

/ Annual Report 2013-14


4.7. Asset Liability Management

4.7 AmpV Xo`Vm ~YZ


AmpV`m| Ed Xo`VmAm| H$s H${Vn` Xm| H$m n[an$Vm H$ma

Maturity pattern of certain items of assets and liabilities as on


31st March 2014

(am{e ` H$amoS> |)/ (As compiled by the management)


{ddaU

Particulars

1 {XZ

Day 1

2 go 7 {XZ VH$ 8 go 14 {XZ


VH$

2 to 7 days

8 to 14
days

Omam{e`m
Deposits

A{J

Advances

{Zdoe

18,488.49

13,082.64

(21,560.37) (11,824.97)

7,116.69

15 go 28 {XZ
VH$
15 to 28
days

29 days
to 3
months

Over 3
months &
Upto 6
months

6 months
&upto
1 year

Hw$b

Total

Over 3
years &
upto 5
years

57,074.20

1,03,251.68

4,76,974.05

(82,695.16)

(3,81,839.59)

8,145.03

3,790.76
(4,267.88)

11,524.08

84,227.56

40,658.84

64,150.65

Over 5
years

(43,059.16)

(6,028.59)

58,032.94

Over 1
year &
upto
3 years

5 df go A{YH$

79,610.55

30,207.12

55,135.84

3 hrZm| go
6 hrZm| go 1 df go A{YH$ 3 dfm] go
A{YH$ Ed 6 A{YH$ Ed 1 Ed 3 3 dfm] A{YH$ Ed 5
hrZm| VH$ df VH$ Over
VH$
dfm] VH$

(8,925.91) (22,390.15) (47,535.48) (43,335.97) (48,698.41) (51,814.01)

(27,420.69)

21,030.37

29 {XZ go 3
hrZo VH$

46,488.93

37,348.39

75,803.82

3,70,733.54

(9,635.47) (76,135.69) (34,685.30) (18,500.52) (30,080.41)

32,539.01

(30,808.15)

(51,804.79)

(2,89,367.49)

254.59

38.84

372.23

2,151.76

4,737.65

2,295.76

1,676.28

13,510.39

22,095.68

67,019.26

1,14,152.44

(85.17)

(2,527.14)

(1,065.56)

(2,563.81)

(4,634.14)

(2,548.42)

(734.88)

(9,313.32)

(18,617.70)

(52,523.28)

(94,613.42)

3,021.06

7,155.43

430.84

2,525.77

2,034.56

9,586.29

820.42

7,985.38

3,949.30

10,918.46

48,427.51

Borrowings

(1,590.27)

(391.10)

(435.98)

(1,434.52)

(1,537.36)

(7,593.71)

(1,197.90)

(7,108.02)

(2,262.10)

(11,816.62)

(35,367.58)

{dXoer wm
AmpV`m

3,521.57

7,687.08

2,315.00

8,152.94

29,619.24

18,378.40

16,906.47

21,839.48

8,383.52

11,692.36

1,28,496.06

(3,127.71)

(6,639.52)

(2,658.89)

(7,406.66) (35,587.98) (17,813.64)

(8,143.29)

(8,081.42)

(5,574.98)

(10,383.34)

(1,05,417.43)

6,143.80

9,972.94

3,524.75

10,954.33

32,175.04

22,201.03

4,634.23

4,519.25

1,56,702.53

(7,895.85)

(6,640.54)

(5,035.99) (11,563.32) (26,935.90) (19,680.06) (18,868.23)

(9,163.80)

(2,052.39)

(7,375.64)

(1,15,211.72)

Investments

CYma

Foreign
Currency
Assets

{dXoer wm
Xo`VmE
Foreign
Currency
Liabilities

29,993.76

32,583.40

4.8. Exposures

4.8 EgnmoOa
4.8.1 [a`b BQ>oQ> jo hoVw EgnmoOa
H$.
g.
E)

dJ
`j EgnmoOa
i)
Amdmgr` ~YH$
{Og| go mW{H$Vm mo jo Ho$ Jh F$U
ii)
iii)

4.8.1. Exposure to Real Estate Sector

(am{e ` H$amoS> |)
Sr.
No.
a)

Direct exposure

`dgm{`H$ [a`b BQ>oQ>


{Jadr aIr J`r {V^y{V`m| (E~rEg) Ama A` {V^y{VV EgnmoOa
| {Zdoe

H$) Amdmgr`
I) `dgm{`H$ [a`b BQ>oQ>
~r) A`j EgnmoOa
ZoeZb hmCqgJ ~H$ (EZEM~r) Ama hmCqgJ $mBZ|g H$nZr (EME$grO)
na {Z{Y AmYm[aV Ed Ja {Z{Y AmYm[aV EgnmoOa
[a`b BQ>oQ> goQ>a hoVw Hw$b EgnmoOa

`Wm

Category

i)

Residential Mortgages

ii)

Out of which Priority


housing loans
Commercial Real Estate

iii)

b)

Sector

Investments in Mortgage Backed


Securities (MBS) and other
securitised Exposures
a) Residential
b) Commercial Real Estate

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

121

`Wm

As at
31.03.2014
27,321.63

As at
31.03.2013
19,387.39

19,914.79

12,257.32

10,940.66

8,155.95

7,406.84

7,128.96

1.11

1.11
-

9,866.15

7,240.70

9,866.15

7,240.70

37,187.78

26,628.09

/ BANK OF INDIA

/ Annual Report 2013-14


4.8.2. Exposure to Capital Market

4.8.2 nyOr ~mOma hoVw EgnmoOa


H$.
g.

Sr.
No
i)

(am{e ` H$amoS> |)
{ddaU

Category

B{$Q>r eo`a, n[adVZr` ~mS>, n[adVZr` {S>~|Ma VWm B{$Q>r


A{^wI `yMwAb $S> | {Zdoe {OZH$s AmYma^yV {Z{Y Ho$db
H$mnm}aoQ> F$U | `j {Zdoe Zht {H$`m J`m;
eo`am|/~mS>m|/{S>~|Mam|/A` {V^y{V`m| Ho$ gj `m ~oOmZVr
AmYma na `{$`m| H$mo eo`am|(AmBnrAmo/BEgAmonrEg g{hV)
n[adVZr` ~mS>/ n[adVZr` {S>~|Ma Ama B{$Q>r CwI `wMwAb
$S>m| H$s `y{ZQ>m| | {Zdoe Ho$ {bE A{J;
A` `moOZm| Ho$ {bE A{J, Ohm eo`am| `m n[adVZr` ~mS>m| `m
n[adVZr` {S>~|Mam| `m B{$Q>r CwI `yMwAb $S>m| H$s `y{ZQ> H$mo
mW{H$ {V^y{V Ho$ $n | {b`m J`m h;
eo`am| `m n[adVZr` ~mS>m| `m n[adVZr` {S>~|Mam| `m B{$Q>r CwI
`yMwAb $S>m| H$s `w{ZQ>m| H$s gnm{H$ {V^y{V mam {V^yV
grm VH$, AWmV Ohm yb^yV {V^y{V eo`am|/ n[adVZr` ~mS>m|/
n[adVZr` {S>~|Mam|/ B{$Q>r CwI `yMwAb $S>m| H$s `y{ZQ>m|
Ho$ Abmdm nyUV`m A{Jm| H$mo H$da Zht H$aVr h, {H$ht A`
`moOZm| Ho$ {bE A{J;
Q>mH$ ~moH$am| H$mo OmZVr Ed Ja OmZVr A{J Ed Q>mH$ ~moH$am|
VWm ~mOma {ZYmaH$m| H$s Amoa go Omar Jma{Q>`m;

ii)

iii)

iv)

v)

ggmYZm| H$s d{ H$s `mem | ZB H$n{Z`m| H$s B{$Q>r Ho$ {bE


dVH$m| Ho$ AeXmZ H$mo nyam H$aZo Ho$ {bE eo`am|/~mS>m|/ {S>~|Mam|
H$s {V^y{V `m A` {V^y{V`m| Ho$ gj `m ~oOmZVr AmYma na
H$n{Z`m| Ho$ {bE drH$V F$U;
Ano{jV B{$Q>r dmh/{ZJm| Ho$ gj H$n{Z`m| Ho$ {bE nyaH$ F$U;

vi)

vii)
viii)

eo`am| `m n[adVZr` ~mS>m| `m n[adVZr` {S>~|Mam| `m B{$Q>r CwI


`wMwAb $S>m| Ho$ mW{H$ {ZJ Ho$ g~Y | H$s JB hmrXmar
{V~VmE;

m{OZ `dgm` hoVw Q>mH$ ~moH$am| Ho$ {bE {dmnmofU;


x)
C Ho$ {bE nyOr {Z{Y hoVw g^r {Zdoem| (nOrH$V Ama AnOrH$V
XmoZm|)H$mo B{$Q>r Ho$ ~am~a mZm OmEJm Ama Bg H$ma nyOr ~mOma
{Zdoe grm(`j Ama A`j XmoZm|)Ho$ AZwgma JUZm H$s OmEJr&
nyOr ~mOma | Hw$b EgnmoOa
4.8.3 OmopI dJ dma Xoe H$m EgnmoOa
ix)

H$.g.

OmopI dJ

2013-14

2012-13

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;
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;
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;

721.58

764.15

23.53

6.50

23.31

4.88

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;

228.59

287.23

Secured and unsecured advances to stockbrokers and


guarantees issued on behalf of stockbrokers and market
makers;
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;

2,344.97

1,917.74

Bridge loans to Companies against expected equity flows/


issues;
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;
Financing to stockbrokers for margin trading;

All exposures to Venture Capital Funds (both registered


and unregistered)

483.21

340.63

3,825.19

3,321.13

Total Exposure to Capital Market


4.8.3. Risk Category wise Country Exposure

(am{e ` H$amoS> |)

Risk Category

Sr. No.

`Wm {XZmH$

`Wm {XZmH$

As at 31.03.2014

As at 31.03.2013

EgnmoOa ({Zdb)
1
2
3
4
5
6
7

ZJ`
`yZ
gmYmaU
C
~hV C
{V~{YV
Am$ Ho${S>Q>
Hw$b

Ym[aV mdYmZ

EgnmoOa ({Zdb)

Ym[aV mdYmZ

Exposure (Net)
38,118.03

Provision held
54.45

Exposure (Net)
36,957.88

Provision held
28.44

12,887.37

15.72

12,045.71

7.95

5,285.58

2,011.50

High

285.87

662.01

Very High

570.92

8.95

Restricted

Insignificant
Low
Moderate

Off credit
Total

122

46.01

1.97

57,193.78

70.17

51,688.02

36.39

/ BANK OF INDIA

/ Annual Report 2013-14

4.8.4 `Wm 31 mM, 2014 ~H$ mam ~T>mB JB EH$b CYmaH$Vm grm
(Eg~rEb), gmy{hH$ CYmaH$Vm grm (Or~rEb) Ho$ `mao
H$.
g.

Sr.
No.
1.

2.

CYmaH$Vm H$m Zm

H$.
g.

Sr.
No.
1.

2.

(am{e ` H$amoS> |)

Name of the Borrower

EgnmoOa
grm

drH$V
grm

`Wm 31.03.2014
H$mo ~H$m`m

Exposure
Limit
Outstanding as
Ceiling Sanctioned on 31.03.2014

EH$b CYmaH$Vm
EbAmBgr hmCqgJ $m`Zmg {b.
hmam> Q>oQ> nmda OZaoeZ H$nZr (EEgnrOrgr)
gmy{hH$ CYmaH$Vm
Hw$N> Zht

Single Borrower
LIC Housing Finance Ltd.

3,093.43

3,718.00

2,099.08

Maharashtra State Power Generation Company


(MSPGC)
Group Borrower

6,186.86

5,000.00

1,806.93

None

Hw$N> Zht

Hw$N> Zht

Hw$N> Zht

NIL

NIL

NIL

EEgnrOrgr na EgOnmoOa, Ama~rAmB mam ~H$m| H$mo {XE {ddoH$m{YH$ma Ho$


AVJV h ({ddoH$nyU grmAm| Ho$ D$na, nyOrJV {Z{Y`m| H$m 5%)
`Wm 31 mM, 2014 ~H$ mam ~T>mB JB EH$b CYmaH$Vm grm
(EgOrEb), gmy{hH$ CYmaH$Vm grm (Or~rEb) Ho$ `mao

4.8.4. Details of Single Borrower Limit (SBL), Group Borrower Limit


(GBL) exceeded by the Bank as on 31st March, 2014:

CYmaH$Vm H$m Zm

Exposure on MSPGC is within the discretion given to Banks by RBI


(additional 5% of capital funds, over prudential limits)

Details of Single Borrower Limit (SBL), Group Borrower Limit


(GBL) exceeded by the Bank as on 31st March, 2013:

(am{e ` H$amoS> |)

Name of the Borrower

EgnmoOa
grm

drH$V
grm

`Wm 31.03.2013
H$mo ~H$m`m

Exposure
Limit
Outstanding as
Ceiling Sanctioned on 31.03.2013

EH$b CYmaH$Vm
Amdmg {dH$mg {dm` {ZJ {b{Q>oS> (EMS>rE$gr)
gmy{hH$ CYmaH$Vm
Hw$N> Zht

Single Borrower
Housing Development Finance Corporation
Limited
Group Borrower

2,814.00

None

Hw$N> Zht

ZmoQ>: H$Q>Z ha mh Ho$ AV | ~H$m`m pW{V H$s ~H$ mam {ZJamZr na AmYm[aV h&
`oH$ mh Ho$ AV | g^r CYmaH$Vm gyh na ~H$ H$m EnmoOa {ddoH$nyU
mZXS>m| Ho$ AVJV Wo&
4.8.5 Ja-OmZVr A{J :
{ddaU
AyV {V^y{V`m Ogo A{YH$ma, bmBgog, m{YH$ma Am{X Ho$ ^ma na
~H$m`m A{J H$s Hw$b am{e
Eogr AyV gnm{H$ {V^y{V H$m AZwm{ZV y`
4.9. {d{dY
4.9.1 df Ho$ XmamZ Am`H$a hoVw {H$E mdYmZ H$s am{e

3,017.27

Hw$N> Zht

Hw$N> Zht

NIL
NIL
NIL
Note:Disclosure is based on monitoring by the Bank of outstanding at the
end of each month.Exposure on all Borrower groups were within the
prudential norms at the end of each month.
4.8.5. Unsecured Advances:

(am{e ` H$amoS> |)
Particulars

2013-14

2012-13

Total amount of advances outstanding against charge over


intangible securities such as the rights, licenses, authority, etc.

2,143.74

2,149.59

Estimated value of such intangible collateral securities

1,721.93

1,645.41

4.9. Miscellaneous
4.9.1. Amount of Provisions made for Income-tax during the year

(am{e ` H$amoS> |)

{ddaU

Particulars

Am`H$a Ho$ {bE mdYmZ


Provision for Deferred Tax
AmWm{JV H$a Ho$ {bE mdYmZ
Total
Hw$b
4.9.2 ^maVr` [aOd ~H$ mam bJm`r JB empV`m| (noZQ>rO) H$m H$Q>Z 4.9.2. Disclosures of Penalties imposed by RBI
Provision for Income Tax

{ddaU
^maVr` [aOd ~H$ mam ~qH$J {d{Z` A{Y{Z`, 1949 H$s Ymam
46(4) Ho$ AVJV bJmB JB empV`m (noZQ>r)

3,012.55

Particulars
Penalty imposed under Section 46(4) of The Banking
Regulation Act, 1949

123

2013-14

2012-13

(27.71)

1,099.15

843.49

(840.76)

815.78

258.39

2013-14

2012-13

3.11

0.42

/ BANK OF INDIA

/ Annual Report 2013-14

5. boImH$Z mZH$m| Ho$ AZwgma Ano{jV H$Q>Z Ohm ^maVr` [aOd ~H$ Zo
boIo na {Q>nQ>{U`m| Ho$ H$Q>Z Xm| Ho$ {df` na {Xem{ZX}e Omar {H$E
h:
5.1 boImH$Z mZH$ 9 - amOd H$s nhMmZ

AZwgyMr 17: w` boImH$Z Zr{V`m| Ho$ boImH$Z Zr{V g. 2 Ho$ AZwgma Am`
H$s Hw$N> Xm| H$mo dgybr Ho$ nmV drH$ma {H$`m OmVm h& VWm{n C$$Am` H$mo
yV Zht mZm OmVm h&
5.2 boImH$Z mZH$ 15 - H$Mmar bm^
Sr.
No.
(i)

(ii)

(iii)

(iv)

(v)

(vi)

{ddaU
`w$ wI ~rm{H$H$ nydmZwmZ :
Ny>Q> Xa
Am`moOZ AmpV`m| na {V$b Xa
dVmZ doVZ d{
dVmZ mg Xa
bm^ Xm{`d | n[adVZ XemZodmbr Vm{bH$m
Ad{Y Ho$ ma^ | Xo`Vm
`mO bmJV
dVmZ godm bmJV
Xm bm^
Xm{`dm|% na ~rm{H$V (bm^)/hm{Z
df Ho$ AV | Xo`Vm
bmZ EgoQg Ho$ C{MV y` H$s Vm{bH$m
Ad{Y ma^ | bmZ EgoQg H$m C{MV y`
bmZ EgoQg na Ano{jV {V$b
AeXmZ
Xm bm^
bmVZ EgoQg na ~rm{H$H$ bm^/(hm{Z)
df Ho$ AV | bmZ EgoQ> H$m C{MV y`
mZZo `mo` Hw$b ~rm{H$H$ bm^/(hm{Z)
gH$UH$mbrZ Xo`Vm H$s m`Vm :
ma^ | gH$UH$mbrZ Xo`Vm
df Ho$ XmamZ nhMmZr JB gH$UH$mbrZ Xo`Vm
AV | gH$UH$mbrZ Xo`Vm
bmZ EgoQg na dmV{dH$ {V$b :
bmZ EgoQg na Ano{jV {V$b
bmZ EgoQg na ~rm{H$H$ bm^/(hm{Z)
bmZ EgoQg na dmV{dH$ {V$b
VwbZ n | m` am{e :
Ad{Y Ho$ AV | Xo`Vm
df Ho$ AV | bmZ EgoQg H$m C{MV y` AVa
Am` n[adVZ Xo`Vm
VwbZ n | m` am{e

5. Disclosure requirements as per Accounting Standards (AS)


where RBI hasissued guidelines in respect of disclosure items
for Notes to Accounts:
5.1. Accounting Standard 9 Revenue recognition

Certain items of income are recognised on realisation basis as per


Accounting Policy no. 2 of Schedule 17: Significant Accounting
Policies. However, the said income is not considered to be material.

5.2. Accounting Standard 15 Employee Benefits

(am{e ` H$amoS> |)

Particulars

2013-2014

2012-2013

Jo`wQ>r

n|eZ

Jo`wQ>r

n|eZ

Gratuity

Pension

Gratuity

Pension

9.32%
9.18%
6.00%
1.00%

9.27%
8.42%
6.00%
1.00%

8.00%
8.00%
5.00%
1.00%

8.00%
8.00%
5.00%
1.00%

1505.38
129.47
705.70
(232.45)
(705.56)
1402.55

7404.65
658.35
804.95
(605.48)
(224.22)
8038.24

1477.64
110.03
64.39
(204.45)
57.77
1505.38

7139.38
552.17
943.80
(474.38)
(756.32)
7404.65

1333.79

6504.83

1017.12

5070.13

122.44
110.00
(232.45)
(17.27)
1316.51
688.29

547.71
743.92
(605.48)
70.22
7261.20
294.44

81.37
405.93
(204.45)
33.82
1333.79
(23.95)

405.61
1385.43
(474.38)
118.04
6504.83
874.36

Recognition of Transitional Liability :


Transitional Liability at start
Transition Liability recognised during the year
Transition Liability at end

171.59
85.80
85.79

884.86
442.44
442.42

257.38
85.79
171.59

1327.29
442.43
884.86

Actual return on Plan Assets :


Expected Return on Plan Assets
Actuarial gain/(loss) on Plan Assets
Actual return on Plan Assets

122.44
(17.27)
105.17

547.71
70.22
617.93

81.37
33.82
115.19

405.61
118.04
523.65

1402.55
1316.51
(86.04)
85.79
(0.25)

8038.24
7261.19
(777.05)
442.42
(334.63)

1505.38
1333.79
(171.59)
171.59
-

7404.65
6504.83
(899.82)
884.86
(14.96)

Principal actuarial assumptions used :


Discount Rate
Rate of Return on Plan Assets
Salary Escalation Current
Attrition Rate Current
Table showing change in benefit obligation :
Liability at the beginning of the period
Interest Cost
Current Service Cost
Benefit Paid
Actuarial (gain)/loss on Obligation
Liability at the end of the year
Table of Fair value of Plan Assets :
Fair Value of Plan Assets at the beginning of
the period
Expected return on Plan Assets
Contributions
Benefit Paid
Actuarial gain/(loss) on Plan Assets
Fair Value of Plan Assets at the end of the year
Total Actuarial Gain/(Loss) to be recognised

Amount recognised in the Balance Sheet :


Liability at the end of the period
Fair Value of Plan Assets at the end of the year
Difference
Unrecognised Transition Liability
Amount Recognised in the Balance Sheet

124

/ BANK OF INDIA
Sr.
No.
(vii)

{ddaU
Am` {ddaU-n | m` `` :

/ Annual Report 2013-14


Particulars

2013-2014

Expenses recognised in the Income


Statement :
Current Service Cost
Interest Cost
Expected Return on Plan Assets
Expenses recognized relating to prior years
Recognition of Transition Liability
Actuarial (Gain) or Loss
Expense Recognised in P & L

2012-2013

Jo`wQ>r

n|eZ

Jo`wQ>r

n|eZ

Gratuity

Pension

Gratuity

Pension

705.70
804.95
64.39
943.80
dVmZ godm bmJV
129.47
658.35
110.03
552.17
`mO bmJV
(122.44) (547.71)
(81.37)
(405.61)
bmZ EgoQg na Ano{jV {V$b
1.96
{dJV dfm] Ho$ m`f ``
85.80
442.44
85.79
442.43
gH$UH$mbrZ Xo`Vm-m`
(688.29) (294.44)
23.95
(874.36)
~rm{H$H$ (bm^) `m hm{Z
110.25 1063.59
202.79
660.39
bm^ Ed hm{Z | m` ``
Balance Sheet Reconciliation :
(viii) VwbZ n gmYmZ :
Opening Net Liability (Last periods net
14.96
203.14
740.00
ma{^H$ {Zdb Xo`Vm
110.25 1063.59
202.79
660.39
(VwbZ n | m` H$s JB {dJV Ad{Y H$s {Zdb am{e) amount recognized in the balance sheet)
Expenses as above
(110.00) (743.92) (405.93) (1385.43)
Cn`w$ AZwgma ``
Employers Contribution
0.25
334.63
14.96
{Z`mo$m H$m AeXmZ
Amount
Recognised
in
Balance
Sheet
VwbZ n | m` am{e
Category of Assets :
(ix) AmpV`m| H$m dJ :
Government of India Assets
153.55
568.12
177.04
619.75
^maV gaH$ma H$s AmpV`m
Corporate
Bonds
712.96
4091.60
295.45
4253.32
H$mnm}aoQ> ~mSg
State Government
413.98 2499.07
831.83
1588.37
am` gaH$ma
Other
36.02
102.4
29.47
43.39
A`
Total
1316.51 7261.19 1333.79
6504.83
Hw$b
Experience Adjustment :
(x) AZw^d gm`moOZ :
On Plan Liability (Gain)/Loss
(705.56) (224.22)
57.77
(756.32)
bmZ Xo`Vm na (bm^)/hm{Z
On Plan Asset (Loss)/Gain
(17.27)
70.22
33.82
118.04
bmZ EgoQ> na (hm{Z)/bm^
H$) ~H$ Zo H$Mmar ^{d`` {Z{Y Ho$ {bE AeXmZ H$mo `^` Ho$ n | mZm h& a. The bank has recognised contribution to employees Provident Fund
as an expense. During the year, the bank has contributed ` 38.23
df Ho$ XmamZ ~H$ Zo Eogr {Z{Y Omo EH$ n[a{Z{V AeXmZ `moOZm h, Ho$ {bE
Crores (previous year `24.97 Crores) towards such fund which is a
`38.23 H$amoS> ({dJV df `24.97 H$amoS>) H$m AeXmZ {X`m h&
defined contribution plan.
I) Ama~rAmB n[aa Z. S>r~rAmoS>r.~rnr.~rgr.80/21.04.018/2010-11
b. In
accordance
with
the
RBI
circular
no.
DBOD.
{XZmH$ 9 $adar 2011 Ho$ AZw$n :
BP.BC.80/21.04.018/2010-11dated 9th February 2011:

CZ mOyXm H$Mm[a`m| Ho$ {bE, {Ohm|Zo EoMyEarAb ~o{gg na nhbo
` 442.44 Crores for the Year has been charged to the Profit &
n[aH${bV H$s J`r n|eZ Ho$ {bE {dH$n Zht {X`m Wm, n|eZ {dH$n
Loss Account on proportionate basis towards additional liability
H$mo {$a go ImobZo Ho$ H$maU `2212.15 H$amoS> H$s A{V[a$ Xo`Vm
of `2212.15 Crores (being amortised over 5 years beginning
(31.03.2011 go ew$ H$aHo$ 5 dfm] | gH$m{V H$s OmZodmbr) Ho$
from 31st March, 2011) on account of reopening of pension
option
for existing employees who had not opted for pension
{Z{m gmZwnmV AmYma na df Ho$ XmamZ `442.44 H$amoS> H$s am{e
earlier calculated on actuarial basis.
bm^-hm{Z ImVo | ^m[aV H$s J`r h&
` 85.79 Crores for the Year has been charged to the Profit &

am{e Jo`wQ>r EQ>, 1972 Ho$ ^wJVmZ | Jo`wQ>r grmAm| H$s d{ Ho$
Loss Account on proportionate basis towards additional liability
H$maU (31.03.2011 go ew$ H$aHo$ 5 dfm] | gH$m{V H$s OmZodmbr)
of `428.96 Crores (being amortised over 5 years beginning
`428.96 H$amoS> H$s A{V[a$ Xo`Vm Ho$ {Z{m gmZwnmV AmYma na
from 31st March 2011) on account of the enhancement of
{Vmhr Ho$ XmamZ `85.79 H$amoS> H$s bm^-hm{Z ImVo | ^m[aV H$s J`r
gratuity limits in Payment of Gratuity Act, 1972.
h&
c. Considering the present stage of negotiation in respect of wage
J) H$Mmar gKm| Ho$ gmW doVZ n[aemoYZ Ho$ g~Y | hmo ahr ~mV-MrV Ho$ dVmZ
revision with employees union and emerging trends in the banking
MaU Ama ~qH$J CmoJ | C^aVo Xma H$mo `mZ | aIVo hE ~H$ Zo EMwAar Ho$
industry, the Bank, in consultation with the Actuary, has adjusted
name go, ^{d` | hmoZo dmbo doVZ n[aemoYZ Ho$ {bE gbar EH$boeZ aoQ> |
the Salary Escalation Rate upwards by 20% i.e. from 5% to 6% to
take care of future wage revision. The Bank is periodically assessing
D$dwIr 20% H$m gm`moOZ, AWmV 5% go 6% {H$`m h& ~H$ Amd{YH$
the situation and based thereon, Bank considers that the Salary
AmYma na pW{V H$m AmH$bZ H$a ahr h Ama CgHo$ AmYma na, ~H$ H$m `h
Escalation Rate of 6% is sufficient to cover liability that may arise on
mZZm h {H$ 6% gbar EH$boeZ aoQ>, doVZ n[aemoYZ H$s dOh go hmoZo dmbr
wage revision.
Xo`Vm H$mo H$da H$aZo hoVw n`m h&
The Bank has been advised by the Actuary that the present mortality
K) EMwAar mam ~H$ H$mo `h gy{MV {H$`m J`m h {H$ gmdO{ZH$ jo Ho$ ~H$ d. table
being used by the Actuary to determine retirement benefits
H$Mm[a`m| Ho$ mo$mBb H$mo XoIVo hE ~H$ H$Mm[a`m| Ho$ godm{Zd{m bm^ Ho$
of Banks employees is appropriate considering the profile of
n[aH$bZ hoVw EMwAar mam `w$ dVmZ moaQ>{b{Q> Q>o~b n`m h&
employees of the Public Sector Banks.

125

/ BANK OF INDIA

/ Annual Report 2013-14

5.3 boImH$Z mZH$ 17 - IS> [anmoQ> H$aZm



^mJ H$: H$mamo~ma IS>
H$mamo~ma IS>

Business Segment

H$mofmJma n[aMmbZ

11726.47

Part A: Business Segment

(am{e ` H$amoS> |)

Treasury Operations

2013-14

amOd

5.3. Accounting Standard 17 - Segment Reporting


2012-13
9567.96

WmoH$ ~qH$J n[aMmbZ

IwXam ~qH$J n[aMmbZ

Wholesale Banking
Operations

Retail Banking
Operations

2013-14

2012-13

2013-14

2012-13

20015.28

15808.70

10118.11

10117.94

(*)A` ~qH$J
n[aMmbZ Hw$b

Hw$b

Total

(*)Other Banking
Operations
2013-14 2012-13

2013-14

2012-13

41859.86

35494.60

410.24

266.71

(68.16)

(86.35)

42201.94

35674.96

3,830.75

3,230.76

Revenue

Ja-Am~{Q>V amOd
Unallocated revenue

AVa IS> amOd


Inter segment
revenue

Hw$b amOd
Total Revenue

n[aUm

1,628.42

1,120.98

1,270.32

897.31

932.01

1,212.47

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

(285.70)

(223.02)

n[aMmbZ bm^

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

3,545.05

3,007.74

Am`H$a

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

815.78

258.39

AgmYmaU bm^/hm{Z

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

{Zdb bm^

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

2,729.27

2,749.35

Results

Ja-Am~{Q>V ``
Unallocated
Expenses
Operating Profit
Income Tax
Extraordinary profit/loss
Net Profit

A` OmZH$mar :

Other Information :

IS> AmpV`m

170,672.91

142,167.18 292,639.52 223,015.31

95,416.11 78,291.64

558,728.54 443,474.13

Segment Assets

JaAm~{Q>V AmpV`m

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

14,461.66

9,128.59

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX 573,190.20 452,602.72

Unallocated Assets

Hw$b AmpV`m
Total Assets

IS> Xo`VmE

163,891.74

135,823.60 280,858.89 213,080.56

91,732.99 74,860.17

536,483.62 423,764.33

Segment Liabilities

Ja Am~{Q>V Xo`VmE

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

6,783.49

4,920.23

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX

XXXX 543,267.11 428,684.56

Unallocated Liabilities

Hw$b Xo`VmE
Total Liabilities

(*) The Bank does not have any significant Other Banking Operations.

(*) ~H$ H$m H$moB AWnyU A`n ~qH$J n[aMmbZ Zht h&
^mJ I : ^mJmo{bH$ IS>
^mJmo{bH$ IS>
{ddaU
amOd
AmpV`m

Geographical
Segments
Particulars
Revenue
Assets

Part B: Geographical Segment

(am{e ` H$amoS> |)
dXoer

Domestic
2013-14

AVam>r`

2012-13

Hw$b

International
2013-14

2012-13

Total
2013-14

2012-13

37,846.29

31,877.04

4,355.65

3,797.92

42,201.94

35,674.96

424,993.29

338,278.45

148,196.91

114,324.27

573,190.20

452,602.72

126

/ BANK OF INDIA

~H$ Zo boImH$Z mZH$ 17 Ho$ AZwnmbZ | ^maVr` [aOd ~H$ Ho$ {Xem{ZX}em|
Ho$ AZw$n mW{H$ [anmo{Q>J dmbo IS>m| Ama JmU IS> Ho$ $n | ^mJmo{bH$
IS>m| H$mo m`Vm Xr h&
mW{H$ IS> : H$mamo~mar IS>
H$) H$mofmJma n[aMmbZ : IS> [anmo{Q>J Ho$ Co` hoVw H$mofmJma | gnyU {Zdoe
g{d^mJ Ogo gaH$mar VWm A` {V^y{V`m| Ho$ gmW nyOr ~mOma n[aMmbZ VWm
$maog n[aMmbZ em{b h&
I) WmoH$ ~qH$J : WmoH$ ~qH$J | dh g^r A{J gp{bV h Omo IwXam ~qH$J
Ho$ AVJV gp{bV Zht {H$E JE h&
J) IwXam ~qH$J : IwXam ~qH$J | do EgnmoOa gp{bV h Omo {ZZ{bpIV Xmo
mZXS>m| H$mo nyU H$aVo h| :
i) Eg nmoOa - A{YH$V Hw$b EgnmoOa `5 H$amoS> VH$&
ii) Hw$b dm{fH$ H$mamo~ma `50 H$amoS> go H$ h `Wm dVmZ H$n{Z`m| Ho$
mbo | {nN>bo VrZ dfm] H$m AmgV VWm ZB H$n{Z`m| Ho$ mbo |
AZwm{ZV Hw$b H$mamo~ma&
AVa-IS>r` AVaUm| H$m y` {ZYmaU
IwXam ~qH$J IS> EH$ mW{H$ moV gJh BH$mB h Ed WmoH$ IS> Ama H$mofmJma
IS>, IwXam ~qH$J IS> H$mo CgHo$ mam CYma Xr JB {Z{Y`m| H$s j{Vny{V Omam{e`m|
H$s AmgV bmJV H$mo {>JV aIVo hE H$aVo h&
bmJV H$m {d{Z`moOZ
H$) {deof IS> H$mo grYo XmZ {H$E JE `` g~{YV IS> | Am~{Q>V h&
I) {deof IS> H$mo grYo XmZ {H$E JE ``m| H$mo H$Mm[a`m|/gMm{bV H$mamo~ma
H$s g`m Ho$ AZwnmV | Am~{Q>V h&
JmU IS> : ^mJmo{bH$ IS>
H$) dXoer n[aMmbZ
I) AVam>r` n[aMmbZ
5.4 boImH$Z mZH$ 18 g~{YV njH$ma Ho$ g`dhma :
I) g~{YV njH$mam| H$s gyMr :
(H$) w` ~YH$s` H$m{H$ :
A`j Ed ~Y {ZXoeH : lrVr dr.Ama. A`a
H$m`nmbH$ {ZXoeH$ JU : lr EZ. eofm{ (30.04.2013 VH$)
lr E. Eg. amKdZ (05.07.2013 VH$)
lr ~r.nr. em
lr AU lrdmVd (05.08.2013 go)
lr Ama H$moQ>rdaZ (05.08.2013 go)
(I) AZwf{J`m :
(i) ~rAmoAmB eo`ahmopS>J {b{Q>oS>
(ii) nrQ>r ~H$ Am$ BS>moZo{e`r Q>r~rHo$
(nhbo nrQ>r ~H$ dXoer Ho$ n | OmZm OmVm Wm)
(iii) ~H$ Am$ B{S>`m (VOm{Z`m) {b.
(iv) ~H$ Am$ B{S>`m (`yOtbS>) {b.
(v) ~H$ Am$ B{S>`m (`wJmS>mZ) {b.
(vi) ~H$ Am$ B{S>`m (~modmZm) {b.
(vii) ~rAmoAmB Egm BZdoQ>|Q> ZOg mBdoQ> {b.
(viii) ~rAmoAmB Egm QQ>r g{dgoO mBdoQ> {b.

/ Annual Report 2013-14


The Bank has recognised Business Segments as Primary reporting


segment and Geographical Segments as Secondary segment in line
with RBI guidelines in compliance with Accounting Standard 17.

Primary Segment: Business Segments


a) Treasury Operations: Treasury for the purpose of Segment
Reporting includes the entire investment portfolio i.e. dealing in
Government and other Securities, Money Market Operations and
Forex Operations.
b) Wholesale Banking: Wholesale Banking includes all advances
which are not included under Retail Banking.
c) Retail Banking : Retail Banking includes exposures which fulfil
following two criteria:
i)

Exposure The maximum aggregate exposure up to `5


Crores

ii) The total annual turnover is less than `50 Crores i.e. the
average turnover of the last three years in case of existing
entities and projected turnover in case of new entities.
Pricing of Inter-Segmental transfers
Retail Banking Segment is a Primary resource mobilising unit and
Wholesale Segment and Treasury Segment compensates the Retail
banking segment for funds lent by it to them taking into consideration the
average cost of deposits incurred by it.
Allocation of Costs
a) Expenses directly attributed to particular segment are allocated to
the relative segment.
b) Expenses not directly attributable to specific segment are allocated
in proportion to number of employees/business managed.
Secondary Segment: Geographical Segments
a) Domestic Operations
b) International Operations
5.4. Accounting Standard 18 - Related Party Transactions (As
compiled by Management)
I)

List of Related Parties:

(a)

Key Managerial
Personnel :
Chairperson & Managing Smt. V.R.Iyer
Director:
Executive Directors:
Shri N. Seshadri (up to 30.04.2013)
Shri M. S. Raghavan (up to 05.07.2013)
Shri B.P.Sharma
Shri Arun Shrivastava (w.e.f.05.08.2013)
Shri Koteeswaran (w.e.f.05.08.2013)

(b)

Subsidiaries :
(i) BOI Shareholding Limited
(ii) PT Bank of India Indonesia Tbk
(iii) Bank of India (Tanzania) Limited
(iv) Bank of India (New Zealand) Limited
(v) Bank of India (Uganda) Limited
(vi) Bank of India (Botswana) Limited
(vii) BOI AXA Investment Managers Private Limited
(viii) BOI AXA Trustee Services Private Limited

127

/ BANK OF INDIA

/ Annual Report 2013-14

(J) ghm`H$ H$n{Z`m :


(i) EgQ>rgrAmB $mBZg: {b{Q>oS>
(ii) EEgAmaBgr (B{S>`m) {b.
(iii) BS>mo-Omp~`m ~H$ {b.
(iv) Am`mdV jor` JmrU ~H$
(nhbo Am`mdV JmrU ~H$ Ho$ $n | OmZm OmVm Wm)
(v) PmaIS> JmrU ~H$
(vi) ZXm P~wAm JmrU ~H$
(vii) {dX^ H$m|H$U JmrU ~H$
(K) g`w$ C
(i) Q>ma `y{Z`Z XmB BMr OrdZ ~rm H$nZr {b.
II) H$) g~{YV njH$mam| Ho$ gmW g`dhma (~YZ mam `Wm go{H$V)
H$.
g.

X|/ g~{YV nj

Items/Related Party

Associates :
(i) STCI Finance Limited
(ii) ASREC (India) Limited
(iii) Indo-Zambia Bank Limited
(iv) Gramin Bank of Aryavart
(Formerly Known as Aryavart Kshetriya Gramin Bank)
(v) Jharkhand Gramin Bank
(vi) Narmada Jhabua Gramin Bank
(vii) Vidharbha Konkan Gramin Bank

(d)

Joint Venture:
(i) Star Union DaiIchiLife Insurance Co. Ltd.

II) a) Transactions with Related Parties

(am{e ` H$amoS> |)

ghm`H$ H$n{Z`m/ wI ~YZ H$m{H$


wI ~YZ
Key Management H$m{H$m| Ho$ [aVoXma
g`w$ C

Associates/Joint
Ventures

Sr.
No.

(c)

Om

Hw$b

Total

Personnel

Relatives of Key
Management
Personnel
2013-14 2012-13 2013-14 2012-13 2013-14 2012-13 2013-14 2012-13
38.83
55.06
0.27
0.05
0.18
0.05
39.28
55.15

Deposits

df Ho$ XmamZ A{YH$V

39.33

55.06

0.63

0.05

0.18

0.09

40.14

55.20

2.00

2.00

61.00

61.00

{Zdoe

df Ho$ XmamZ A{YH$V

0.14

29.57

0.14

29.57

28.97

29.57

28.97

29.57

A` CYma XoZm

485.30

74.00

485.30

74.00

df Ho$ XmamZ A{YH$V

493.16

112.50

493.16

112.50

mJ /gyMZm | CYma boZm/Q> Zr

df Ho$ XmamZ A{YH$V

~H$ H$o {S>Q> bmBZ/S>`y{Q> grS>rEb Ed AmoS>r | CYma :

df Ho$ XmamZ A{YH$V

Ja-{Z{YH$ dMZ~VmE

df Ho$ XmamZ A{YH$V

Maximum during the year


2

Omam{e`m| H$m {Z`moOZ

Placement of deposits

df Ho$ XmamZ A{YH$V


Maximum during the year
3

Investments
Maximum during the year
4

mJ /gyMZm | CYma XoZm/Q> Zr

Lending in Call / Notice /Term Money

df Ho$ XmamZ A{YH$V


Maximum during the year
5

Other lending
Maximum during the year
6

Borrowings in Call / Notice / Term Money


Maximum during the year
7

Borrowings in Bank Credit Line/WCDL & OD:


Maximum during the year
8

Non-funded commitments
Maximum during the year

128

/ BANK OF INDIA

H$.
g.

/ Annual Report 2013-14

X|/ g~{YV nj

ghm`H$ H$n{Z`m/ wI ~YZ H$m{H$


wI ~YZ
Key Management H$m{H$m| Ho$ [aVoXma
g`w$ C

Items/Related Party

Associates/Joint
Ventures

Sr.
No.

Personnel

Relatives of Key
Management
Personnel
2013-14 2012-13 2013-14 2012-13 2013-14 2012-13 2013-14 2012-13
-

gaH$mar {V^y{V`m|/QoOar {~bm| H$s {~H$s

Hw$b

Total

Sale of Govt. Securities / Treasury Bills / Bonds

gaH$mar {V^y{V`m|/QoOar {~bm|/~mS>m| H$s IarX

10

10.84

10.84

3.18

4.07

0.01

0.01

3.20

4.07

6.75

2.62

6.75

2.62

0.07

0.16

0.07

0.16

1.28

9.11

1.28

9.11

36.68

31.25

36.68

31.25

19.57

49.65

19.57

49.65

5.17

0.12

5.17

0.12

30.31

30.31

19.45

6.83

19.45

6.83

Purchase of Govt. Securities / Treasury Bills / Bonds

Xm `mO

11

Interest Paid

m `mO

12

Interest Received

Ja {dmr IM} mV

13

Non financial expenses recd.

Xm bm^me

14

Dividend Paid

m bm^me

15

Dividend Received

Xm godmE

16

Services rendered

m godmE

17

Services received

~YZ g{dXmE

18

Management contracts

A` m`

19

Any Other receivable

H$moB A` m`

20

Any Other payable

H$moB A` H$mamo~ma

21

Any Other Business

I) w` ~YZ H$m{H$: Xm nm[al{H$ ( ` |)


H$. g.

Sr. No.
1
2
3
4
5
6

Zm
lrVr dr.Ama. A`a
lr EZ. eofm{
lr E.Eg. amKdZ
lr {~. nr. em
lr AU lrdmVd
lr Ama. H$moQ>rdaZ

b) Key Management Personnel: Remuneration paid (in `)

nXZm

Name

2013-14

2012-13

21,82,440

6,48,485

Designation
Smt. V. R. Iyer
Shri N. Seshadri
Shri M.S. Raghavan
Shri B. P. Sharma
Shri Arun Shrivastava
Shri R. Koteeswaran

A`j Ed ~Y {ZXoeH$ / Chairperson & Managing Director


nyd-H$m`nmbH$ {ZXoeH$ / Ex-Executive Director
nyd-H$m`nmbH$ {ZXoeH$ / Ex-Executive Director
H$m`nmbH$ {ZXoeH$ / Executive Director
H$m`nmbH$ {ZXoeH$ / Executive Director
H$m`nmbH$ {ZXoeH$ / Executive Director

ghm`H$ ~H$m| Ama jor` JmrU ~H$m| Ho$ g`dhma am` {Z`{V hmoZo Ho$ H$maU
EEg-18 Ho$ nam 9 H$s {> | H$Q>Z Zht {H$E JE h Omo{H$ AmBgrEAmB mam
g~{YV nmQ>u H$Q>Z Ho$ {bE Omar {H$E h {Og| BZ nm{Q>`m| Ho$ Xygao njH$mam|
Ho$ gmW, Omo ^r am` {Z`{V h, g`dhmam| H$mo H$Q>Z Z H$aZo H$s Ny>Q> h&

129

1,98,856 19,95,690
4,49,793 15,16,172
19,73,716 10,77,105
10,02,071

9,98,465

The transactions with the subsidiaries and regional rural banks,


being state controlled, have not been disclosed in view of para 9
of AS-18 on Related party disclosure issued by the ICAI exempting
state controlled enterprises from making any disclosure pertaining
to their transactions with other related parties which are also state
controlled.

/ BANK OF INDIA

/ Annual Report 2013-14

5.5 boImH$Z mZH$ 22 Am` na H$am| Ho$ {bE boImH$Z



AmW{JV H$a AmpV`m Ama AmW{JV H$a Xo`VmAm| Ho$ w` KQ>H$ {ZZmZwgma
h :
H$.
g.

5.5. Accounting Standard 22 Accounting for Taxes on Income


The major components of Deferred Tax Assets and Deferred Tax


Liabilities are as under:

(am{e ` H$amoS> |)

{ddaU

Particulars

31.03.2014

31.03.2013

Sr.
No.
Deferred Tax Assets
AmWm{JV H$a AmpV`m
On account of timing difference towards provisions
1,295.93
809.61
mdYmZ Ho$ {Z{m> g` AVa Ho$ H$maU
Others
126.68
79.45
ii) A`
Total
Deferred
Tax
Assets
1,422.61
889.06
Hw$b AmW{JV H$a AmpV`m
Deferred Tax Liabilities
AmW{JV H$a Xo`Vm
On account of Depreciation on fixed assets
44.47
41.22
i) pWa AmpV`m| na y`mg Ho$ H$maU
On account of Depreciation on investment
1,514.78
495.54
ii) {Zdoe na y`mg Ho$ H$maU
On account of interest accrued but not due
765.70
580.61
iii) moX^yV `mO Omo Xo` Zht h Ho$ H$maU
Others
557.37
4.75
iv) A`
Total
Deferred
Tax
Liabilities
2,882.32
1122.12
Hw$b AmW{JV H$a Xo`VmE
Net Deferred Tax Assets / (Liabilities)
(1,459.71)
(233.06)
{Zdb AmW{JV H$a AmpV`m/(Xo`VmE)
Am`H$a A{Y{Z`, 1961 H$s Ymam 36(1)(viii) Ho$ AZw$n H$a-H$Q>mVr H$m The Bank creates Special Reserve through appropriation of profits,
in order to avail tax deduction as per Section 36(1)(viii) of the
bm^ mV H$aZo Ho$ {bE ~H$, bm^ Ho$ {d{Z`moOZ mam {deof Ama{jV {Z{Y
Income-tax Act, 1961. The Reserve Bank of India, vide its circular
H$m gOZ H$aVm h& ^maVr` [aOd ~H$ Zo AnZo n[an {XZmH$ 20 {Xg~a,
dated 20th December 2013, has advised Banks to create a deferred
2013 mam ~H$m| H$mo gy{MV {H$`m h {H$ do EH$ {ddoH$gV Cnm` Ho$ $n
tax liability (DTL) on outstanding amount in Special Reserve, as
| {deof Ama{jV {Z{Y | ~H$m`m am{e go AmW{JV H$a Xo`Vm (S>rQ>rEb)
a matter of prudence. Accordingly, during the Year ended 31st
H$m gOZ H$a|& VXZwgma, gmm` Ama{jV {Z{Y KQ>mVo hE, ~H$ Zo, `Wm 31
March 2014, the Bank has created a DTL of `431.67 Crores on
mM, 2013 H$mo {deof Ama{jV {Z{Y | ~H$m`m am{e na `431.67 H$amoS> Ho$
Special Reserve outstanding as at 31st March, 2013, by reducing
the General Reserves. Further, DTL of ` 118.96 Crores has been
S>rQ>rEb H$m gOZ {H$`m h& BgHo$ A{V[aV df Ho$ XmamZ g{OV Eogr {deof
created for the year on such Special Reserve created during the
Ama{jV {Z{Y na `118.96 H$amoS> Ho$ S>rQ>rEb H$m ^r gOZ {H$`m J`m h&
year. Accordingly, the tax expense for the year is higher by ` 118.96
VXZwgma, df Ho$ {bE H$a `` | `118.96 H$amoS> H$s d{ Ama df Ho$ {bE
Crores with corresponding decrease in net profit for the year.
bm^ | CVZr hr {JamdQ> hB h&
5.6. Accounting Standard 27 Investments in Joint Venture
5.6 boImH$Z mZH$ 27 g`w$ C | {Zdoe

Investments include `120 Crores (Previous year `120 Crores)
{Zdoe | `120 H$amoS> ({nN>bo df `120 H$amoS>) em{b h Omo {ZZ{bpIV
representing Banks interest in the following jointly controlled entity:
g`w$ n go {Z`{V gWm | ~H$ H$m `mO Xem ahm h:
i)

H$.g.

Sr. No.

H$nZr H$m Zm

am{e

Name of the Company

Amount

Amdm{g` Xoe
Country of
Residence

hmopS>J %

Holding %

1
48%
Q>ma `y{Z`Z XmB BMr OrdZ ~rm H$nZr {b. Star Union DaiIchi Life Insurance Company Ltd. `120 Crores ^maV / India
5.7 boImH$Z mZH$ 19 n>m {dmnmofU
5.7. Accounting Standard 19 - Lease Financing
(i) The contractual maturities of the Banks investment in lease
(i) n>m {dmnmofU Ama BgHo$ KQ>H$m| | ~H$ Ho$ {Zdoe H$s g{dXmJV n[an$VmE
financing and its components, which are included in advances,
Omo A{Jm| | em{b H$s JB h H$m CoI ZrMo {H$`m J`m h:
are set out below:

H$.g.

Sr. No.
H$)/a)
I)/b)

J)/c)
K)/d)

{ddaU
gH$b {Zdoe
m` n>m ^wJVmZ
(i) 1 df go A{YH$ Zht
(ii) 1 df go A{YH$ {H$Vw 5 df go A{YH$ Zht
(iii) 5 df go A{YH$
Hw$b
AZ{OV {dm Am`
{Zdb {Zdoe [ H$ J ]

Particulars
Gross Investments
Lease payment receivables
(i) not later than 1 year
(ii) later than 1 year but not later than 5 years
(iii) later than 5 years
TOTAL
Unearned finance income
Net investments [ a c ]

130

(am{e ` H$amoS> |)
31.03.2014 31.03.2013
0.22

0.22

0.22
0.22
0.22

0.22
0.22
0.22

/ BANK OF INDIA
(ii)

/ Annual Report 2013-14

A{OV `mO | ` ey` ({dJV df `ey`) H$m n>m Am` em{b h.


5.8 boImH$Z mZH$ 20 {V eo`a AOZ (am{e ` H$amoS> |)
H$.g.

Sr. No.
1.

{ddaU

AmYma^yV Ama VZwH$V*


AmYma^yV Ed VZwH$V BnrEg H$m n[aH$bZ
H$.g.

Sr. No.
(A)
(B)
(C)
(D)

(ii) Lease income of `Nil (previous year ` Nil) is included under Interest
Earned.
5.8. Accounting Standard 20 - Earnings per Share in `
Particulars
2013-14
Basic & Diluted *

2012-13

44.74

47.79

2013-14

2012-13

Calculation of Basic & Diluted E.P.S.

{ddaU

Particulars

B{$Q>r eo`mYmaH$m| H$mo XmZ H$aZo `mo` df Ho$ {bE {Zdb bm^ Net Profit for the year attributable to Equity Shareholders 2,729.27 2,749.35
Weighted Average Number of Equity shares (in Crores)
61.00
57.54
B{$Q>r eo`a H$s ^m[aV AmgV g`mH$ (` H$amoS>)
44.74
47.79
Basic
Earnings
per
Share
(A/B)
(`)
yb^yV {V eo`a Am` (E/~r) (`)
10.00
10.00
Nominal
Value
per
Share
(`)
{V eo`a A{H$V y`` (`)
*
Basic
&
Diluted
E.P.S.
are
same
as
there
are
no
dilutive
potential
equity
* AmYma^yV Ed VZwH$V B.nr.Eg. gmZ hr h `m|h{H$ Xr g^m` B{$Q>r eo`a
shares.
Zht h&
5.9. Impairment of Assets (Accounting Standard 28)
5.9 AmpV`m| H$m mg (boImH$Z mZH$ 28)

nyd | nwZy`m{H$V n[aga Ho$ g~Y |, `10.46 H$amoS> H$s mg hm{Z h, {Ogo In respect of premises revalued earlier, there is an impairment loss of
`10.46 Crores, which, in accordance with the aforesaid accounting
C$ boImH$Z mZH$ Ho$ AZw$n BZ AmpV`m| Ho$ {bE CnbY nwZy`mH$Z
standard, has been charged to the revaluation surplus available for
A{Yeof | ^m[aV {H$`m J`m h&
these assets.
5.10 boImH$Z mZH$ 29 : mdYmZ, AmH$pH$ Xo`VmE Ed AmH$pH$
5.10. Accounting Standard 29: Provisions, Contingent Liabilities
AmpV`m:
and Contingent Assets:
H$. Xo`VmAm| hoVw mdYmZm| | CVma MT>md (A` Ho$ mdYmZm| H$mo
A. Movement of Provisions for contingent liabilities
{ZH$mb H$a)
(am{e ` H$amoS> |)
Particulars
Legal cases/contingencies
2013-14
2012-13
{ddaU
{d{YH$ mbo/AmH$pH$VmE
Opening Balance
26.94
22.05
2013-14
2012-13
Provided during the year
0.01
4.89
ma{^H$ eof
26.94
22.05
Amounts
used
during
the
year
df Ho$ XmamZ mdYmZ
0.01
4.89
Closing
Balance
26.95
26.94
df Ho$ XmamZ Cn`moJ H$s JB am{e Timing of outflow/uncertainties Outflow on
Outflow on
A{V eof
26.95
26.94
settlement /
settlement /
~{hJZ H$m g`/A{Z{VVmE gPmV/o {H$Q>brH$aU gPmVo/{H$pQ>brH$aU
Crystallization
Crystallization
na ~{hJZ
na ~{hJZ
B. Contingent Liabilities
I. AmH$pH$ Xo`VmE

Such liabilities are dependent upon, the outcome of court
`Wm C{pIV Bg H$ma H$s Xo`VmE, `m`mb` Ho$ {ZU`/`WVm
order/arbitration/out of court settlement, disposal of appeals,
H$aZo/ `m`mb` Ho$ ~mha gPmVm, Anrb H$m {ZnQ>mZ, mJr JB am{e,
the amount being called up, terms of contractual obligations,
g{dXmJV Xm{`dm| H$s eV}, {dH$mg VWm g~{YV njm| mam CR>mB JB
devolvement and raising of demand by concerned parties, as
mJ Ogm ^r mbm hmo na H$e: {Z^a H$aVm ho& BZ mbm| | H$moB
the case may be. No reimbursement is expected in such cases.
{Vny{V Ano{jV Zht h&
6. Additional Disclosures
6. A{V[a$ Xo`VmE
6.1. Provisions and Contingencies
6.1 mdYmZ Ama AmH$pH$VmE

bm^ Ama hm{Z ImVo | {XImE JE mdYmZ Ama AmH$pH$VmE H$m ~oH$-An The break-up of Provisions and Contingencies appearing in the
Profit and Loss Account is as under:
{ZZmZwgma h:
{ddaU
{Zdoe Ho$ y`mg na mdYmZ
EZnrE hoVw mdYmZ
mZH$ AmpV`m| hoVw mdYmZ
Am`H$a Ho$ {bE {H$`m J`m mdYmZ (AmW{JV H$a g{hV)
A` mdYmZ Ed AmH$pH$VmE
nwZJ{R>V ImVm| | `mJ hoVw mdYmZ
Xoer` OmopI hoVw mdYmZ
A` mdYmZ
Hw$b

Particulars
Provision for Depreciation on Investment
Provision towards NPA
Provision towards Standard Assets
Provision made towards Income Tax
(including Deferred Tax)
Other Provision & Contingencies
Provision for Sacrifice in Restructured Accounts
Provision for Country Risk
Other Provisions
Total

131

2013-14
72.55
3,970.35
422.67
815.78

2012-13
76.69
3,726.55
291.63
258.39

360.75
33.78
17.75
5,693.63

355.96
(13.61)
13.55
4,709.15

/ BANK OF INDIA

/ Annual Report 2013-14


6.2. Floating Provisions (Countercyclical provisioning buffer)

6.2 ApWa mdYmZ (H$mCQ>a gmBpbH$b mo{dOqZJ ~$a)

(am{e ` H$amoS> |)

Particulars
2013-14 2012-13
{ddaU
Opening
Balance
in
the
floating
provisions
account
543.92
543.92
bmoqQ>J mo{dOZ ImVo | map^H$ eof mm
The quantum of floating provisions made in the accounting year
boImH$Z df | {H$E JE bmoqQ>J mo{dOZg H$s mm
Amount
of
draw
down
made
during
the
accounting
year
179.49
boIm df Ho$ XmamZ {H$E JE Sm S>mCZ H$s am{e
(purpose of draw down to be given, if any)
(Sm S>mCZ `moOZ, `{X H$moB hmo, {X`m OmE)
Closing Balance in the floating provisions account
364.43
543.92
ApWa mdYmZ ImVo | A{V eof

Pursuant
to
Reserve
Bank
of
India
circular
No.
DBOD
No.

^maVr` [aOd ~H$ Ho$ n[an H$.S>r~rAmoS>r.Z.~rnr.95/21.04.048/2013-14
BP.95/21.04.048/2013-14 dated 7th February 2014, the Bank has
{XZmH$ 7 $adar, 2014 Ho$ ~mX ~H$ Zo `179.49 H$amoS> Ho$ bmoqQ>J mdYmZ
utilised ` 179.49 Crores of floating provision, being 33% of floating
H$m Cn`moJ {H$`m h, Omo `Wm 31 mM 2013 H$mo Ym[aV `543.92 H$amoS> Ho$
provision of ` 543.92Crores held on 31st March 2013 towards
EZnrE hoVw {d{e> mdYmZ H$m 33% h&
specific provisions for NPAs.
6.3 [aOdg go Sm S>mCZ
6.3. Draw Down from Reserves
^maVr` [aOd ~H$ Zo AnZo n[an {XZmH$ 20 {Xg~a, 2013 mam ~H$m| H$mo The Reserve Bank of India, vide its circular dated 20th December
2013, has advised Banks to create a deferred tax liability (DTL) on
gy{MV {H$`m h {H$ do EH$ {ddoH$gV Cnm` Ho$ $n | {deof Ama{jV {Z{Y
outstanding amount in Special Reserve, as a matter of prudence.
| ~H$m`m am{e go AmW{JV H$a Xo`Vm (S>rQ>rEb) H$m gOZ H$a|& VXZwgma,
Accordingly, during the Year ended 31st March 2014, the Bank has
gmm` Ama{jV {Z{Y KQ>mVo hE, ~H$ Zo, `Wm 31 mM, 2013 H$mo {deof
made draw down of ` 431.67 Crores from General Reserve towards
Ama{jV {Z{Y | ~H$m`m am{e na `431.67 H$amoS> H$m Sm S>mCZ {H$`m h&
creation of DTL on Special Reserve outstanding as at 31st March,
2013.
6.4 {eH$m`Vm| H$m H$Q>Z
6.4. Disclosure of complaints
i) JmhH$m| H$s {eH$m`V|:
i)

(
(
(
(

{ddaU
H$ ) df Ho$ ma^ | b{~V {eH$m`Vm| H$s g`m
I ) df Ho$ XmamZ mm {eH$m`Vm| H$s g`m
J ) df Ho$ XmamZ {ZnQ>mB JB {eH$m`Vm| H$s g`m
K ) df Ho$ AV | b{~V {eH$m`Vm| H$s g`m
ii)
~qH$J bmoH$nmb mam nm[aV A{Y{ZU` :

H$.
{ddaU
g.
(H$) df Ho$ ma^ | bmJy Zht {H$E JE A{Y{ZU`m| H$s g`m
(I) df Ho$ XmamZ ~qH$J bmoH$nmb mam nm[aV A{Y{ZU`m| H$s g`m
(J) df Ho$ XmamZ bmJy {H$E JE A{Y{ZU`m| H$s g`m
(K) df Ho$ AV | bmJy Zht {H$E JE A{Y{ZU`m| H$s g`m

Customer Complaints :
Particulars

2013-14

2012-13

12

19

(b) No. of complaints received during the year

3,565

2,255

(c) No. of complaints redressed during the year

3,513

2,262

64

12

(a) No. of complaints pending at the beginning of the year

(d) No. of complaints pending at the end of the year


ii)
Sr.
No.

Awards passed by the Banking Ombudsman:


Particulars

2013-14 2012-13

( a ) No. of unimplemented Awards at the beginning of the year

( b ) No. of Awards passed by the Banking Ombudsman during


the year
( c ) No. of Awards implemented during the year

23

21

11

( d ) No. of unimplemented Awards at the end of the year

6.5 ~H$ mam Omar MwH$mVr AmmgZ nm| (EbAmogrO) na H$Q>Z (~YZ
mam `Wm go{H$V)
Mmby df Ho$ XmamZ ~H$ Zo H$moB MwH$mVr AmmagZ n Omar Zht {H$E h& df
2011-2012 Ho$ XmamZ, ~H$ Zo AnZo nyUV`m dm{d H$s ghm`H$ gWm
~H$ Am$ B{S>`m (~rQ>rS>`y) {b. Ho$ {bE JdZa, ~H$ Am$ ~modmZm H$mo
dMZn Omar {H$`m h {H$ {dmr` dm`Xm Xo` hmoZo na nyam {H$`m OmEJm&

df 2010-11 Ho$ XmamZ, AnZo nyUV`m dm{d H$s ghm`H$ gWm ~rAmoAmB
(`yOrbS>) {b. Ho$ {bE `yOrbS> Ho$ am`b ~H$ Ho$ nj | ~H$ Zo {dmr` `Xm
`{X Xo` hmoZo na nyam H$aZo Ho$ {bE A{^^mdH$s` JmaQ>r Omar {H$`m h&

VWm{n `Wm 31.03.2014 | Cn`w$ dm`Xm| | H$moB {dmr` Xm{`d Zht h&
6.6 mdYmZrH$aU H$daoO AZwnmV (nrgrAma)
`Wm 31 mM 2013 H$mo ~H$ Ho$ gH$b AZOH$ AmpV`m| na mdYmZrH$aU
58.68% h ({nN>bo df: 60.92%)

6.5. Disclosure of Letters of Comfort (LoCs) issued by bank(As


compiled by Management)

During current year, the bank has not issued any letter of comforts.
During the year 2011-12 the bank has issued and undertaking to the
governor, Bank of Botswana in respect of its wholly owned subsidiary,
Bank of India (BTW) Ltd., to meet its financial commitments if they
fall due.

During the year 2010-11 the bank issued parental guarantee in


favour of Royal Bank of New Zealand for its wholly owned subsidiary,
BOI (New Zealand) Ltd. to meet its financial obligations, if they fall
due.

As on 31.03.2014 no financial obligations have arisen on the above


commitments.

6.6. Provisioning Coverage Ratio (PCR)


132

The Provisioning to Gross Non-Performing Assets of the Bank as on


31st March 2014 is 58.68% (Previous year:60.92%)

/ BANK OF INDIA

/ Annual Report 2013-14


6.7. Fees, remuneration received from Bancassurance business:

6.7 ~H$ E`moa|g H$mamo~ma go mV ewH$, nm[al{H$ :


{ddaU

Particulars

2013-14

2012-13

Life Insurance Policies


33.47
31.01
OrdZ ~rm nm{bgr
Non-Life
Insurance
Policies
16.61
15.07
Ja-OrdZ ~rm nm{bgr
Total
50.08
46.08
Hw$b
6.8 OmAm|, A{Jm|, EgnmoOa VWm EZnrE H$m gH|$U (~YZ mam `Wm 6.8. Concentration of Deposits, Advances, Exposures and NPAs
go{H$V)
6.8.1. Concentration of Deposits
6.8.1 OmAm| H$m gH|$U
(am{e ` H$amoS> |)

{ddaU
~rg g~go ~S>o OmH$VmAm| H$m Hw$b Om am{e`m
~H$ H$s Hw$b Omam{e`m | go ~rg ~S>o OmH$VmAm| H$s Omam{e`m|
H$m {VeV
6.8.2 A{Jm| H$m gH|$Z
{ddaU
~rg g~go ~S>o CYmaH$VmAm| H$m Hw$b A{J
~H$ Ho$ H$m Hw$b A{Jm| | go ~rg g~go ~S>o CYmaH$VmAm| Ho$ A{Jm|
H$m {VeV
6.8.3 EgnmoOa H$m gH|$U

2013-14

2012-13

Total Deposits of twenty largest depositors

Particulars

43,943

24,214

Percentage ofDeposits of twenty largest depositors to Total


Deposits of the Bank

9.21%

6.34%

6.8.2. Concentration of Advances

(am{e ` H$amoS> |)
2013-14

2012-13

Total Advances to twenty largest borrowers

Particulars

54,155

43,591

Percentage of Advances to twenty largest borrowers to Total


Advances of the Bank

8.42%

7.85%

6.8.3. Concentration of Exposures

(am{e ` H$amoS> |)
{ddaU
~rg g~go ~S>o CYmaH$VmAm|/JmhH$m| H$mo Hw$b EgnmoOa
~H$ Ho$ CYmaH$VmAm|/JmhH$m| H$mo Hw$b EgnmoOa | go ~rg g~go ~S>o
CYmaH$VmAm|/JmhH$m| Ho$ EgnmoOa H$m {VeV
6.8.4 EZnrE gH|$U (~YZ mam `Wm go{H$V)
{ddaU
Mma erf EZnrE ImVm| H$m Hw$b EgnmoOa
6.9 jodma EZnrE (~YZ mam `Wm go{H$V)
H$.
g.

Sr.
No.
1
2
3
4

jo

H${f Ed g~{YV J{V{d{Y`m


CmoJ (gy Ed bKw, ` Ed ~S>o)
godmE
`{$JV F$U

Particulars
Total Exposure to twenty largest borrowers/customers

2013-14

2012-13

55,503

44,398

Percentage of Exposures to twenty largest borrowers


7.31%
6.81%
customers to Total Exposure of the bank on borrowers
customers
6.8.4. Concentration of NPAs (as compiled by management)

(am{e ` H$amoS> |)
Particulars
Total Exposure to top four NPA accounts

2013-14

2012-13

1,311

2,107

6.9. Sector-wise NPAs (as compiled by management)

Cg goQ>a | Hw$b A{Jm| | EZnrE H$m {VeV

Sector

Percentage of NPAs to Total Advances in that sector


2013-14

2012-13

Agriculture and allied activities

1.99%

2.01%

Industry( Micro & Small, Medium and Large)

3.80%

3.44%

Services

2.82%

3.25%

Personal Loans

0.81%

1.31%

133

/ BANK OF INDIA

/ Annual Report 2013-14

6.10 EZnrE H$m yd|Q>


{ddaU
gH$b EZnrE `Wm 01.04.2013 H$mo (ma{^H$ eof)
df Ho$ XmamZ (ZE EZnrE) n[adYZ
Cn-OmoS> (E)
KQ>mE :(i) AnJoSo>eZ
(ii) dgybr`m (AnJoSo>S> ImVm| go H$s JB dgybr H$mo N>moS>H$a)
(iii)

6.10. Movement of NPAs

(am{e ` H$amoS> |)
Particulars

2013-14

Gross NPAs as on 01.04.2013 (Opening Balance)

8,765.25

Additions(Fresh NPAs) during the year


Sub-total(A)

2012-13
5,893.97

8,810.91

7,379.56

17,576.16

13,273.53

938.10

759.28

3,066.01

1,244.64

Less:
(i) Up gradations
(ii) Recoveries-excluding recoveries made from upgraded
accounts
(iii) Write offs other those under 3 above

1,703.45
2,504.36
~>o ImVo {bImB, C$ 3 Ho$ AVJV N>moS>H$a
Sub-total
(B)
5,707.56
4,508.28
Cn-OmoS> (~r)
Gross NPAs as on 31.03.2014 (Closing Balance) (A-B)
11,868.60
8,765.25
gH$b EZnrE `Wm 31.03.2014 (A{V eof) (E-~r)
6.11.
Movement
of
Technical/Prudential
written-off
accounts
(As
6.11 VH$ZrH$s/{ddoH$nyU VarHo$ go ~>o ImVo S>mbo ImVm| H$m yd|Q> (~YZ
compiled by Management)
mam `Wm go{H$V)
Particulars
2013-14 2012-13
{ddaU
Opening
Balance
of
Technical/prudential
written-off
accounts
6,452.48 4,315.02
VH$ZrH$s/{ddoH$nyU VarHo$ go ~>o ImVo S>mbo ImVm| | ma{^H$ eof
2,154.34 4,253.70
OmoS|> : df Ho$ XmamZ VH$ZrH$s/{ddoH$nyU VarHo$ go ~>o ImVo {bImB Add: Technical/prudential written-offs during the year
Sub-total(A)
8,606.82 8,568.72
Cn-OmoS> (E)
Less:-Recoveries
made
from
previously
technical/prudential
2,525.60 2,116.24
KQ>mE :- nyd | VH$ZrH$s/{ddoH$nyU VarHo$ go ~>o ImVo S>mbo ImVm| |
written-off
accounts
during
the
year(B)
H$s JB dgybr (~r)
Closing Balance (A-B)
6,081.22 6,452.48
A{V eof (E-~r)
6.12.
Overseas
Assets,
NPAs
and
Revenue
6.12 {dXoer AmpV`m, EZnrE VWm amOd
(am{e ` H$amoS> |)
Particulars
2013-14
2012-13
H$.g.
{ddaU
Sr. No.
1

Hw$b AmpV`m
2
Hw$b EZnrE
3
Hw$b amOd
6.13 EgnrdrO nmga Am$ ~bog erQ>

Total Assets

148,177.67

114,324.27

Total NPAs

1,594.38

1,613.21

Total Revenue

4,355.65

3,797.92

6.13. Off-Balance Sheet SPVs sponsored

nmga {H$E JE Egnrdr H$m Zm / Name of the sponsored SPV


dXoer / Domestic
{dXoer / Overseas
ey`/ Nil
ey`/ Nil
6.14. Unamortised Pension and Gratuity Liabilities:
6.14 An[aemo{YV noeZ Ama Jo`wQ>r Xo`VmE :
the year ended 31.03.2011, the Bank had re-opened the
31.03.2011 H$mo gm df Ho$ XmamZ, ~H$ Zo CZ H$Mm[a`m| Ho$ {bE n|eZ During
pension option for such of its employees who had not opted for
H$m {dH$n {$a go Imobm {Ohm|Zo nhbo n|eZ H$m {dH$no Zht MwZm Wm& Hw$b
the pension scheme earlier. As a result of exercise of the option
by 22,338 employees, the bank had incurred additional liability of
22,338 H$Mm[a`m| mam `h {dH$n> MwZZo Ho$ n[aUmd$n ~H$ H$mo H$maU
`2,212.15 Crores. Further, during the year ended 31.03.2011,
`2212.15 H$amoS> H$s A{V[a$ Xo`Vm hB& BgHo$ Abmdm, 31.03.2011 H$mo
the limit of Gratuity payable to the employees was also enhanced
gm df Ho$ XmamZ, Jo`wQ>r ^wJVmZ A{Y{Z`, 1972 | gemoYZ Ho$ H$maU
pursuant to the amendment to the Payment of Gratuity Act, 1972.
As a result the gratuity liability of the Bank had increased by `428.96
H$Mm[a`m| H$mo Xo` Jo`wQ>r H$s grm | d{ H$s JB& n[aUmda$n ~H$ H$s
Crores.
Jo`wQ>r Xo`Vm | `428.97 H$amoS> H$s d{ hB&
As per the Reserve Bank of India circular no. DBOD.
gmdO{ZH$ jo Ho$ ~H$m| Ho$ H$Mm[a`m| hoVw noeZ {dH$n {$a go XmZ H$aZo
BP.BC.80/21.04.018/2010-11) on Re-opening of Pension Option to
Employees of Public Sector Banks and Enhancement in Gratuity
Ama CnXmZ grm ~T>mZo ySo>pe`b aoJwboQ>ar QrQ>oQ>, na ^maVr` [aOd ~H$
Limits Prudential Regulatory Treatment, dated 9thFebruary 2011,
n[an H$.S>r~rAmoS>r. ~rnr.~rgr.80/21.04.018/ 2010-11 {XZmH$ 9
the Bank had opted to defer the additional liability of`2,641.11 Crores
$adar, 2011 Ho$ AZwgma ~H$ Zo `2,641.11 H$amoS> H$s H${WV Xo`Vm H$mo nmM
as mentioned above and amortise it over a period of five years
commencing from financial year 2010-11 onwards. Accordingly,
dfm] H$s Ad{Y | n[aemo{YV H$aZo H$m {dH$n MwZm h& VXZwgma, `528.22
unamortised amount of `528.22 Crores (Previous year `1056.45
H$amoS> ({dJV df `1,056.45 H$amoS>) ^{dp` Ho$ dfm] | bm^-hm{Z ImVo |
Crores) has been carried forward to be charged to the Profit and
^m[aV {H$E OmZo hoVw AmJo bo OmB JB h&
Loss account of future year/s.
134

/ BANK OF INDIA

/ Annual Report 2013-14

6.15 {V^y{VH$aU go g~ H$Q>Z



~H$ Zo {dmr` df 2013-14 Ho$ XmamZ H$moB noeb nnO hrH$b (Egnrdr)
bmoQ> Zht {H$`m h&
6.16 Ho${S>Q> {S>$mQ> dg

~H$ Zo {dmr` df 2013-14 Ho$ XmamZ Ho${S>Q> {S>$mQ> dg Ho$ gmW S>rqbJ
ew$ Zht H$s h&
7. A` ZmoQ>
H$) Am` H$a:
I) AmH$pH$ Xo`VmAm| (AZwgyMr 12) Ho$ AVJV F$U Ho$ $n | Xmdm| H$s
A{^drH${V Zht br JB h {OgHo$ AVJV `857.58 H$amoS> ({dJV df
2012-13 | `1594.28 H$amoS>) H$s {ddm{XV Am` H$a/ `mO H$a
Xo`VmE gp{bV h& BZ Xmdm| Ho$ mbm| | nyd | A{^{ZYm[aV {d{^
`m{`H$ {ddmXm| Ho$ AmYma na Amd`H$ H$a Ho$ mdYmZ na {dMma Zht
{H$`m J`m h& BZH$mo A` AmpV`m| (AZwgyMr 11) Ho$ AVJV ^wJVmZ/
gm`mo{OV VWm gp{bV H$a {b`m J`m h&
II) H${Vn` {ddm{XV mbm| | {d{^ `m{`H$ {ZU`m| na C{MV {dMma
{H$`o OmZo Ho$ ~mX df Ho$ {bE Am`H$a H$m mdYmZ {H$`m J`m h&
III) Am`H$a hoVw `368.82 H$amoS> ({dJV df `603.89 H$amoS>) Ho$ mdYmZ
H$mo {d{^ Anrb m{YH$m[a`m| Ho$ AZwHy$b {ZU`m] Ho$ AmYa na Bg df
Ho$ XmamZ dmng amBQ>~H$ H$a {X`m J`m h&
~r) {V^y{V`m| H$s {epQ>J :
i) {X. 31-03-2014 H$mo gm df hoVw, ~H$ Zo EMQ>rE go EE$Eg
dJ | `15,620.18 H$amoS> ({dJV df `1594.28 H$amoS>) H$s
{V^y{V`m| H$mo {eQ> {H$`m h Ed Eogo Qmg$a na `1.53 H$amoS> ({dJV
df `5.02 H$amoS>) H$s hm{Z hB h&
ii) 31.3.2014 H$mo gm df Ho$ XmamZ ~H$ Zo EE$Eg go EMQ>rE dJ
| `13.61 H$amoS> ({dJV df `10.49 H$amoS>) Ho$ d|Ma $S nmoQ>$mo{b`mo
H$mo {eQ> {H$`m J`m Ama Eogo AVaU na `3.65 H$amoS> ({dJV df
`0.21 H$amoS>) H$s hm{Z hB h&
iii) {X. 31-03-2014 H$mo gm df hoVw, ~H$ Zo EE$Eg go EMQ>rE
dJ | `5463.82 H$amoS> ({dJV df `3558.91 H$amoS>) H$s {V^y{V`m|
H$mo {eQ> {H$`m h Ed Eogo Qmg$a na hB `7.66 H$amoS> ({dJV df
`0.21 H$amoS>) H$s hm{Z Ho$ {bE df Ho$ XmamZ mdYmZ {H$`m J`m h&
(gr) EgEbAma {V^y{V`m
{ddaU
EgEbAma (grOr, EgOr, Q>r~r)

6.15. Disclosure relating to Securitisation


6.16. Credit Default Swaps


The bank has not started dealing with Credit Default swaps up to
end of the financial year 2013-14.

7.

Other Notes

a) Income Tax:
I.

Claims against the Bank not acknowledged as debt under


contingent liabilities (Schedule 12) include disputed income tax
/ interest tax liabilities of `857.58Crores(previous year 2012-13
`621.25 Crores) for which no provision is considered necessary
based on various judicial decisions for past assessments
on such disputes. Payments/adjustments against the said
disputed dues are included under Other Assets (Schedule 11).

II. Provision for income tax for the year is arrived at after due
consideration of the various judicial decisions on certain
disputed issues.
III. Provision for Income Tax of `368.82 Crore (previous year
`603.89 Crores) has been written back during the year on the
basis of favourable decisions of various appellate authorities.
b) Shifting of securities:
i)

For the year ended 31-03-2014, Bank has shifted securities


amounting to `15,620.18 Crores (previous year `1,594.28
Crores) from HTM to AFS category and `1.53 Crores (previous
year `5.02 Crores) has been arisen as loss upon such transfer.

ii) For the year ended 31-03-2014, Bank has shifted portfolio of
venture fund amounting `13.61 Crores (previous year `10.49
Crores) from HTM to AFS and `3.65 Crores (previous year
`0.21 Crores) of loss has arisen due to such transfer.
iii) For the year ended 31.03.2014, Bank has shifted securities
amounting to `5,463.82 Crores (previous year `3,558.91
Crores) from AFS to HTM category and loss arisen upon
such transfer amounting to `7.66 Crores (previous year `0.21
Crores) has been provided for during the year.
c)

SLR Securities

`Wm/As at 31.03.2014
~hr y`
~mOma y`

Particulars

Government Securities SLR


(CG,SG,TB)
Approved securities -SLR

AZwmo{XV {V^y{V`m -EgEbAma


(S>r) n[andVm VH$ Ym[aV dJ Ho$ AVJV Ym[aV {Zdoe H$s {~H$s na `10.08
H$amoS> ({dJV df `62.63 H$amoS>) H$mo bm^ H$mo bm^ Ed hm{Z ImVo | {b`m
J`m h Ama CgHo$ nMmV H$am| H$m {Zdb `5.11 H$amoS> ({dJV df `31.73
H$amoS>) H$s am{e Ama{jV nyOr | gm`mo{OV H$s JB Ama ~H$H$mar {d{Z`Z
A{Y{Z`, 1949 H$s Ymam 17 Ho$ AVJV gm{d{YH$ Ama{jV {Z{Y | AV[aV
{H$`m J`m&

The Bank has not floated any Special purpose Vehicle (SPV) during
the Financial Year 2013-14.

`Wm/As at 31.03.2013
~hr y`
~mOma y`

Book Value
95,388.77

Market Value
91,532.02

Book Value
81,839.02

Market Value
82,089.73

524.42

540.55

135.68

153.97

d) Profit on sale of Investments held under Held to Maturity category


amounting to`10.08 Crores (previous year `62.63 Crores) has been
taken to the Profit & Loss Account and thereafter an amount of `5.11
Crores (previous year `31.73 Crores) has been appropriated to the
Capital Reserve, net of taxes and transfer to Statutory Reserve
under section 17 of the Banking Regulation Act, 1949.

135

/ BANK OF INDIA

/ Annual Report 2013-14

(B) df 2013-14 hoVw nwaH$ma ([admS>) nmBQ> H$m gMbZ


H$.
g.

Sr.
No.
1
2

{ddaU

e) Movement of Reward Points for 2013-14

So>{~Q> H$mS> na
[admS> dmBQg

Particulars

ma{^H$ eof

Opening Balance

OmoS>| : JmhH$m| mam df Ho$ XmamZ Cn{MV [admS>


nmBQg
KQ>mE : JmhH$ mam {bE JE [admS> nmBQ>g

Add: Reward points accrued during the


Year by Customers

Reward points
on Debit Card
2048,58,781
(562,27,144)
2397,56,940
(1493,79,007)

Ho${S>Q> H$mS> na
[admS> dmBQ>g

Hw$b

Total

Reward points
on Credit Card
256,50,520
2305,09,301
(247,28,759) (809,55,903)
260,29,229
2657,86,169
(230,71,047) (1724,50,054)

257,45,769
220,09,411
477,55,180
(7,47,370)
(221,49,286) (228,96,656)
Closing Balance as on 31.03.2014
4188,69,952
296,70,338
4485,40,290
4 `Wm 31.03.2014 H$mo A{V eof
(2048,58,781)
(256,50,520) (2305,09,301)
E$) m|{H$ doVZ H$m gemoYZ Omo {H$ Zd~a 2012 go b{~V h, ~H$ Zo f) Pending settlement of the proposed wage revision effective from
November 2012, an ad-hoc provision of ` 269.51 Crores for the
` 269.51 H$amoS> ({nN>bo df ` 70 H$amoS>) H$m mdYmZ {H$m h& Bg H$ma
year (Previous year ` 70 Crores) has been made. The aggregate
Hw$b mdYmZ ` 339.51 H$amoS> ({nN>bo df ` 70 H$amoS>) hmo Jm h)
provision held as on 31st March, 2014 is ` 339.51 Crores (Previous
8. Ohm H$ht Amd`H$ gPm J`m h {dJV df Ho$ AmH$S>m| H$mo nwZ:gy{hV/
year ` 70 Crores).
3

nwZ:`dpWV {H$`m J`m h&

Less: Reward Points availed by


customers

8.

136

Previous years figures have been regrouped/rearranged, wherever


considered necessary.

/ BANK OF INDIA

/ Annual Report 2013-14

dV boIm narjH$m| H$s [anmoQ>


{V,
^maV Ho$ am>n{V,
{dmro` {dda{U`m| na [anmoQ> :1. hZo ~H$ Am$ B{S>`m (~H$) Ho$ `Wm 31 mM, 2014 H$s {dmr` {dda{U`m|
H$s boIm narjm H$s h, {OgHo$ gmW `Wm 31 mM, 2014 H$m VwbZ n, bm^hm{Z ImVm, ZH$X dmh {ddaU Ed hdnyU boImH$Z Zr{V`m| H$m gmame
VWm A` `m`mH$ gyMZm gb Wo& BZ {dmr` {dda{U`m| | {ZZ{bpIV
{dda{U`m em{b h :E) YmZ H$m`mb` Ama 20 emImE (QoOar emIm g{hV), hmao mam boIm
nar{jV
~r) A` boIm narjH$m| mam boIm nar{jV 1935 dXoer emImE, Ama
gr) WmZr` boIm narjH$m| mam boIm nar{jV 25 {dXoer emImE
~H$ Zo hmao mam boIm nar{jV Ed A` boIm narjH$m| mam boIm nar{jV
emImAm| H$m M`Z, ^maVr` [aOd ~H$ mam Omar {Xem{ZX}em| Ho$ AZwgma {H$`m
h&
VwbZ n Ed bm^ hm{Z ImVo | CZ 2691 Kaobw emImAm| H$s {dda{U`m| H$m ^r
gmdoe h, Omo boIm narjm Ho$ A`YrZ Zht h& `o Ja-boIm nar{jV emImE
4.79% A{J, 14.59% Omam{e`m, 4.16% `mO Am` Ama 14.31%
`mO `` H$m `moJXmZ H$aVr h &
{dmr` {dda{U`m| Ho$ {bE ~YZ H$s {OooXmar 2. ~qH$J {d{Z`Z A{Y{Z`, 1949 Ho$ AZw$n {dmr` {dda{U`m| H$s V`mar,
^maVr` [aOd ~H$ Ho$ mdYmZm| Ho$ AZwgma ~YZ H$s {OoXmar h& ~qH$J
H$n{Z`m (A{YJhU Ama CnH$m| H$m hVmVaU) A{Y{Z`, 1970, ^maVr`
gZXr boImH$ma gWmZ mam Omar {H$E JE boImH$Z mZH$m| g{hV boIm
WmAm| H$mo m`mVm Xr h& BZ {OoXm[a`m| |, YmoImYS>r `m JbVr Ho$ H$maU
VmpdH$ Aew H$WZm| go w$ {dmr` {dda{U`m| H$s V`mar hoVw gJV AmV[aH$
{Z`Um| H$s V`mar, H$m`md`Z Ed aIaImd em{b h&
boIm narjH$ H$s {OoXmar :3. hmar {OoXmar `h h {H$ h BZ {dmr` {ddaUm| na AmYm[aV hmar boIm
narjm na AnZr am` `$ H$a|& ^maVr` gZXr boImH$ma gWmZ mam Omar
boImH$Z mZH$m| Ho$ AZw$n hZo AnZm boIm narjm H$m` {H$`m h& BZ mZH$m|
H$r `h Anojm Wr {H$ h Z{VH$ AnojmAm| H$m AZwnmbZ H$a| Ama boIm narjm
H$s `moOZm Bg Vah ~ZmE Ed CgH$m {H$`md`Z Bg Vah H$a| {H$ h Bg g~Y
| Bg ~mV H$m gw{MV AmmgZ m H$a| {H$ {dmr` {ddaU VmpdH$ Aew
H$WZm| go w$ h&
4. {H$gr boIm narjm |, {dmr` {dda{U`m| H$s am{e`m| Ama H$Q>Zm| Ho$ ~mao |
boImnarjm mUn m$H$aZo hoVw {H$`mE H$aZr hmoVr h& M`{ZV {H$`mE
boImnarjH$ Ho$ {ZU` na {Z^a hmoVr h {Og| {dmr` {dda{U`m| |, YmoImYS>r
`m JbVr H$s dOh go, VmpdH$ Aew H$WZm| Ho$ OmopIm| H$m AmH$bZ em{b
h& BZ OmopI AmH$bZm| |, BZ n[apW{V`m| Ho$ {bE gw{MV boIm narjm
{H$`mE V`ma H$aZo hoVw ~H$ H$s V`mar Ed {dmr` {dda{U`m| H$s `m` gJV
Vw{V hoVw gJV AmV[aH$ {Z`Um| na boIm narjH$ {dMma H$aVm h Z {H$
~H$ H$s AmV[aH$ {Z`U H$s ^mderbVm na EH$ am` `$ H$aZo Ho$ Co` Ho$

Independent Auditors Report


To
The President of India
Report on the Financial Statements
1.

We have audited the accompanying financial statements of Bank of


India (the 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.
Incorporated in these financial statements are the returns of
a.

The Head office and 20 branches (Including Treasury Branch)


audited by us;

b.

1935 domestic branches audited by other auditors; and

c.

25 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 by the Reserve Bank of India.

Also incorporated in the Balance Sheet and the Profit and Loss
Account are the returns from 2691domestic brancheswhich have
not been subjected to audit. These unaudited branches account for
4.79% of advances, 14.59% of deposits, 4.16% of interest income
and 14.31% of interest expenses.

Managements Responsibility for the Financial Statements


2.

The Management is responsible for the preparation of these


financial statements in accordance with the requirement of Reserve
Bank of India, provisions of the Banking Regulation Act, 1949,
Banking Companies (Acquisition and Transfer of Undertakings) Act,
1970, recognised accounting practices including the Accounting
Standards issued by the Institute of Chartered Accountants of
India. 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.

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
banks preparation and fair presentation of the financial statements
in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion
on the effectiveness of the Banks internal control. An audit also

137

/ BANK OF INDIA

/ Annual Report 2013-14


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.

{bE& {H$gr boIm narjm | ~YZ mam `w$ boImH$Z Zr{V`m| H$s Cn`w$Vm
Ama boImH$Z AZwmZm| H$s VH$ gJ{V VWm {dmr` {dda{U`m| H$s gJ Vw{V
H$m y`mH$Z ^r em{b h&
5. hmam {dmg h {H$ hmao mam m {H$E JE boIm narjm gm`mo n`m h Ama
hmar am` Ho$ {bE C{MV AmYma XmZ H$aVr h &

5.

A{^V

Opinion

6. hmar am` |, hmar gdm}m OmZH$mar Ama h| {XE JE n>rH$aUm| Ed ~H$


H$s ~{h`m| | XemE AZwgma :

6.

E) hdnyU boImH$Z Zr{V`m| Ama {Q>n{U`m| Ho$ gmW n{R>V VwbZ-n


Amd`H$ {ddaUm| dmbm nyU Ama C{MV VwbZ-n h Ama C{MV $n go
V`ma {H$`m J`m h Vm{H$ `Wm 31 mM, 2014 H$mo ~H$ H$s J{V{d{Y`m|
H$m ^maV | gmm`V: drH$V boImH$Z {gmVm| Ho$ AZw$n, ghr Ama
C{MV n[a` VwV hmo&
~r) hdnyU boImH$Z Zr{V`m| Ho$ gmW n{R>V bm^-hm{Z ImVm, ImVo mam
H$da {H$E JE df Ho$ {bE, gmm`V: ^maV | drH$V boImH$Z {gmVm|
Ho$ AZw$n bm^ H$m ghr VwbZ XemVm h; Ama
gr) ZH$Xr dmh {ddaU, Cg VmarI H$mo gm df Ho$ {bE ZH$Xr dmh H$m
ghr d C{MV ` VwV H$aVm h&
Bg mbo H$m ^md -

We believe that the audit evidence we have obtained is sufficient


and appropriate to provide a basis for our audit opinion.
In our opinion, as shown by books of Bank, and to the best of our
information and according to the explanations given to us:
a.

The Balance Sheet, read with significant accounting policies


and notes 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;

b.

the Profit and Loss Account, read with significant accounting


policies and notes thereon shows a true balance of profit, in
conformity with accounting principles generally accepted in
India, for the year covered by the account; and

c.

the Cash Flow Statement gives a true and fair view of the cash
flows for the year ended on that date.

Emphasis of Matter
7.

7. h {ZZ H$s Amoa `mZ AmH${fV H$aVo h :


H$) {dmr` {ddaUm| H$s AZwgyMr 18 H$s {Q>nUr Z.3, AdmZH$ ({V^yVrH$V)
Ho$ $n | dJuH$V EZnrE Ho$ g~Y | mdYmZrH$aU 20% (d[aV
mdYmZ) go 15% (`yZV mdYmZ) H$aZo hoVw boImH$Z Zr{V | n[adVZ
go g~{YV h {OgHo$ n[aUmd$n 31 mM, 2013 VH$ EZnrE hoVw {H$E
JE ` 248.71 H$amoS> Ho$ mdYmZ H$m amBQ> ~H$ {H$`m J`m h& AJa nhbo
H$s boImH$Z Zr{V H$m nmbZ {H$`m J`m hmoVm Vmo, df Ho$ {bE EZnrE hoVw
mdYmZ ` 325.38 H$amoS> A{YH$ hmoVm Ama n[aUmd$n df Ho$ {bE
{Zdb bm^ (H$a H$m {Zdb) ` 214.78 H$amoS> H$ hmoVm h&

We draw attention to:


a.

Note no. 3 of Schedule 18 to the financial statements


relating to change in the accounting policy for provisioning
in respect of NPAs classified as Sub-Standard (Secured)
from 20%(accelerated provision) to 15%(minimum provision)
which has resulted into write back of provision for NPAs of `
248.71 Crores provided till 31st March 2013. Had the earlier
accounting policy been followed, the provision for NPAs for
the year would have been higher by ` 325.38 Crores with
consequential decrease in Net profit for the year (net of tax) by
` 214.78 Crores.

b.

Note no. 5.2 of Schedule 18 to the financial statements, which


describes deferment of pension and gratuity liability of the Bank
to the extent of `442.43 Crores and `85.79 Crores respectively
as on 31st March, 2014 pursuant to the exemption granted
by the Reserve Bank of India to the Public Sector Banks
from application of the provisions of Accounting Standard
15 (Revised) Employees Benefits issued by the Institute of
Chartered Accountants of India, vide its circular no. DBPD.
BP.BC/80/21.04.018/2010-11 dated February 9, 2011 on
reopening of Pension Option to Employees of Public Sector
Banks.

c.

Note no. 5.5 of Schedule 18 to the financial statements, which


describes the accounting treatment of the Deferred Tax Liability
on creation of Special Reserve under Section 36(1)(viii) of the
Income-tax Act, 1961 till March 31, 2013, pursuant to RBIs
Circular No. DBOD. No.BP.BC.77/21.04.018/2013-14 dated
December 20, 2013.

~r) {dmr` {ddaU H$s AZwgyMr 18 H$s {Q>nUr H$. 5.2 |, BpQ>Q>yQ> Am$
MmQ>S> EH$mCQ>oQg Am$ B{S>`m mam AnZo n[an H$. S>rnr~rS>r.~rnr.
~rgr/80/21.4.018/2010-11 {XZmH$ 9 $adar, 2011 Ho$ m`
go gmdO{ZH$ jo Ho$ ~H$m| Ho$ {bE noeZ {dH$n {$a go ImobZo hoVw
boImH$Z mZH$ 15 (n[aemo{YV) H$Mmar bm^ Ho$ mdYmZ bmJy H$aZo
go gmdO{ZH$ jo Ho$ ~H$mo H$mo Ama~rAmB mam Xm Ny>Q> Ho$ AmYma na
`Wm 31 mM, 2014 n|eZ Ama CnXmZ hoVw H$e: ` 442.43 H$amoS> Ama
` 85.79 H$amoS> H$s ~H$ H$s Xo`Vm Ho$ AmWJZ H$m dUZ {H$`m J`m h&
gr) {dmr` {ddaU H$s AZwgyMr 18 H$s {Q>nUr Z. 5.5, {Og|, Ama~rAmB
n[an H$. S>r~rAmoS>r.Z.~rnr.~rgr.77/21.04.018/2013-14 {XZmH$
20 {Xg~a, 2013 Ho$ AmYma na 31 mM, 2013 VH$ Am`H$a A{Y{Z`,
1961 H$s Ymam 36 (1) (viii) Ho$ AVJV {deof Ama{jV {Z{Y Ho$ gOZ
na AmWm{JV H$a Xo`Vm H$s boImH$Z {H$`m H$m dUZ {H$`m J`m h&
BZ mbm| na hmar am` eV-w$ Zht h&

Our opinion is not qualified in respect of these matters.

138

/ BANK OF INDIA

/ Annual Report 2013-14

A` {d{YH$ Ed {d{Z`mH$ AnojmAm| na [anmoQ> :8. VwbZn Ama bm^-hm{Z ImVm, H$e: ~qH$J {d{Z`Z A{Y{Z`, 1949 H$s
Vrgar AZwgyMr Ho$ $m E Ed ~r | V`ma {H$E JE h&
9. C$ nam 1 go 5 | C{pIV boImnarjm grmAm| Ama ~H$H$mar H$nZr (CnH$m|
H$m AOZ Ed AVaU) A{Y{Z`, 1970 Ed CgHo$ mam Ano{jV H$Q>Z
grmAm| Ho$ A`YrZ, h [anmoQ> H$aVo h {H$ :
E) hZo CZ g^r gyMZmAm| Ed nrH$aUm| H$mo m {H$`m h Omo hmar nyar
OmZH$mar Ama {dmg Ho$ AZwgma hmar boImnarjm Ho$ `moOZ Ho$ {bE
AmdH$ Wo Ama Ch| gVmofOZH$ nm`m h&
~r) ~H$ Ho$ boZ-XoZ Omo hmar OmZH$mar | AmE h do ~H$ Ho$ A{YH$ma jo
Ho$ ^rVa h Ama
gr) ~H$ Ho$ H$m`mb`m| Ed emImAm| go m {dda{U`m hmar boImnarjm Ho$
`moOZ Ho$ {bE n`m nm`r J`r h&
10. hmar am` |, VwbZ n, bm^-hm{Z ImVm Ed ZH$Xr dmh {ddaU, bmJy
boImH$Z mZH$m| H$m AZwnmbZ H$aVo h&

Report on Other Legal and Regulatory Requirements


8.

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.

9.

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, 1970and subject also to the
limitations of disclosure required therein, we report that:
a.

We have obtained all the information and explanations, which


to the best of our knowledge and belief, were necessary for the
purposes of our audit and have found them to be satisfactory;

b.

The transactions of the Bank which have come to our notice


have been within the powers of the Bank; and

c.

The returns received from the offices and branches of the Bank
have been found adequate for the purposes of our audit.

10. In our opinion, the Balance Sheet, Profit and Loss Account and Cash
Flow Statement comply with the applicable Accounting Standards.

ogg EgAma~r ES> Egmo{gEQg

ogg BgmH$ ES> gwaoe

ogg E E {Zgr ES> H$.

gOrV nm Sanjeet Patra


^mJrXma Partner
E. H$. 056121 M. No. 056121
ogg S>r. qgh ES> H$. M/s. D. Singh & Co.
gZXr boImH$ma Chartered Accountants
(E$AmaEZ 001351EZ) (FRN 001351N)
{gaZ qgh Simran Singh
^mJrXma Partner
E. H$.098641 M. No. 098641
WmZ : w~B Place: Mumbai
{XZmH$ : 15 B, 2014 Date : 15th May, 2014

~oZr Omogo$ Benny Joseph


^mJrXma Partner
E. H$. 200689 M. No. 200689
ogg Oo. nr. H$nya ES> C~oam M/s. J. P. Kapur & Uberai
gZXr boImH$ma Chartered Accountants
(E$AmaEZ 000593EZ) (FRN 000593N)
XrnH$ oZZ Deepak Menon
^mJrXma Partner
E. H$. 084225 M. No. 084225

gO IomZr Sanjay Khemani


^mJrXma Partner
E. H$. 044577 M. No. 044577
ogg ES>mog. ES> H$. M/s. Andros & Co.
gZXr boImH$ma Chartered Accountants
(E$AmaEZ 008976EZ) (FRN 008976N)
Amo H$me bmH$S>m Om Prakash Lakra
^mJrXma Partner
E. H$. 081431 M. No. 081431

M/s. SRB & Associates


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 310009B) (FRN 310009E)

M/s. Isaac & Suresh


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 001150Eg) (FRN 001150S)

139

M/s. M. M. Nissim and Co.


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 107122S>`y) (FRN 107122W)

/ BANK OF INDIA

/ Annual Report 2013-14

140

/ BANK OF INDIA

/ Annual Report 2013-14

~H$ Am$ B{S>m


go{H$V {dmr {dda{Um
31 mM, 2014

BANK OF INDIA
Consolidated financial statements
As at 31st March, 2014

141

/ BANK OF INDIA

/ Annual Report 2013-14

31 mM, 2014 H$s pW{V Ho$ AZwgma go{H$V VwbZ-n

CONSOLIDATED BALANCE SHEET AS AT 31ST MARCH, 2014

AZwgyMr

Schedule

nyOr Ed XoVmE
nyOr
Ama{j{V Ed A{Yeof
AngH$ {hV
Omam{em
CYma
A XoVmE Ed mdYmZ
OmoS>
II. AmpVm
^maVr [aOd ~H$ | ZH$X Ed eof
~H$m| | eof Ed mJ na Ama
An gyMZm na YZam{e
{Zdoe
A{J
AMb AmpVm
A AmpVm
OmoS>
AmH$pH$ XoVmE
dgybr Ho$ {bE {~b
D$na ~VmB JB AZwgy{Mm VwbZ-n H$m A{^ AJ h&

I.

(000 N>moS>o JE h/000's Omitted)


na Wm As at
na Wm As at
31-03-2014
`

31-03-2013
`

CAPITAL AND LIABILITIES


Capital

6,430,021

5,966,414

Reserves & Surplus

301,307,229

238,743,727

Minorities Interest

840,048

734,292

Deposits

2A
3

4,786,950,772

3,831,309,940

Borrowings

484,275,103

353,694,024

Other liabilities and provisions

TOTAL

201,742,863

133,619,631

5,781,546,036

4,564,068,028

ASSETS
Cash and balances with Reserve Bank of India

192,878,574

221,251,226

Balances with Banks and money at call and


short notice

424,724,477

332,520,031

Investments

1,164,897,433

963,877,594

Advances

3,726,714,604

2,906,546,150

Fixed Assets

10

58,201,870

29,006,393

Other Assets

11

TOTAL
Contingent Liabilities

12

Bills for collection

214,129,078

110,866,634

5,781,546,036

4,564,068,028

2,528,264,448

2,217,888,499

218,627,170

242,533,903

The schedules referred to above form an integral part of the Balance Sheet.

~qH$J {d{ZZ A{Y{Z, 1949 H$s Vrgar AZwgyMr Ho$ $m E Ho$ AZwgma VwbZ-n Vma {H$m Jm h&
The Balance Sheet has been prepared in conformity with Form `A' of the Third Schedule to the Banking Regulation Act, 1949.

lrVr dr. Ama. A`a

{~. nr. em

AU lrdmVd

Ama. H$moQ>rdaZ

H$UHw$ma Ho$ Zma

Mrs. V.R. Iyer

B.P. Sharma

Arun Shrivastava

R. Koteeswaran

Krishnakumar K. Nair

A`j Ed ~Y {ZXoeH$

H$m`nmbH$ {ZXoeH$

H$m`nmbH$ {ZXoeH$

H$m`nmbH$ {ZXoeH$

w {dmr A{YH$mar

Chairperson and
Managing Director

Executive Director

Executive Director

Executive Director

AZyn dYmdZ Anup Wadhawan


Ama. Eb. {~ZmoB R. L. Bishnoi
ogg EgAma~r ES> Egmo{gEQg

Chief Financial Officer

{ZXoeH$JU DIRECTORS
Eg. Eg. ~m[aH$ S. S. Barik
ZraO ^m{Q>`m Neeraj Bhatia
E. E. naoam A. M. Pereira
nr. E. {gamOwrZ P. M. Sirajuddin
moX ^grZ Pramod Bhasin
Coe Hw$ma IoVmZ Umesh Kumar Khaitan
g {V{W H$s hmar [anmoQ> gb h Items of our report of even date attached
ogg BgmH$ ES> gwaoe
ogg E E {Zgr ES> H$.

M/s. SRB & Associates


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 310009B) (FRN 310009E)
gOrV nmm Sanjeet Patra
^mJrXma Partner
E. H$. 056121 M. No. 056121

M/s. Isaac & Suresh


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 001150Eg) (FRN 001150S)
~oZr Omogo$ Benny Joseph
^mJrXma Partner
E. H$. 200689 M. No. 200689

M/s. M. M. Nissim and Co.


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 107122S>`y) (FRN 107122W)
gO IomZr Sanjay Khemani
^mJrXma Partner
E. H$. 044577 M. No. 044577

ogg S>r. qgh ES> H$. M/s. D. Singh & Co.


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 001351EZ) (FRN 001351N)
{gaZ qgh Simran Singh
^mJrXma Partner
E. H$.098641 M. No. 098641
{XZmH$ : 15 B, 2014/Date : 15h May, 2014

ogg Oo. nr. H$nya ES> C~oam M/s. J. P. Kapur & Uberai
gZXr boImH$ma Chartered Accountants
(E$AmaEZ 000593EZ) (FRN 000593N)
XrnH$ oZZ Deepak Menon
^mJrXma Partner
E. H$. 084225 M. No. 084225

ogg ES>mog. ES> H$. M/s. Andros & Co.


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 008976EZ) (FRN 008976N)
Amo H$me bmH$S>m Om Prakash Lakra
^mJrXma Partner
E. H$. 081431 M. No. 081431

142

/ BANK OF INDIA

/ Annual Report 2013-14

31 mM, 2014 H$mo gm df Ho$ {bE go{H$V bm^ Ed hm{Z ImVm


CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST, MARCH 2014
(000 N>moS>o JE h/000's Omitted)

Year ended
31-03-2014

Year ended
31-03-2013

H$mo gmV df

H$mo gmV df

13
14

381,251,869
43,189,985
424,441,854

320,958,265
37,845,996
358,804,261

15
16
18(10b)

271,697,745
68,245,725
57,171,890
397,115,360

229,604,055
54,558,821
47,229,508
331,392,384

16 A

2,554,830
29,881,324

769,167
28,181,044

13,502
29,867,822

-17,935
28,198,979

29,867,822

28,198,979

7,000,000
15,557,947
51,063
3,755,345
3,467
3,500,000

6,873,367
11,039,322
317,318
(3,654)
6,970,893
1,733
3,000,000

29,867,822

28,198,979

48.96

49.01

AZwgyMr
Schedule

I.

II.

Am
A{OV Am
A Am
OmoS>

{H$m Jm mO
n[aMmbJV
mdYmZ Ed AmH$pH$VmE
OmoS>
ghmo{Jm| | AOZ/(hm{Z) H$m {hgm
AngH$mo Ho$ {hV H$s H$Q>mVr Ho$ nyd df Ho$ {bE go{H$V
{Zdb bm^/(hm{Z)
KQ>mE AngH$m| H$m {hV
df Ho$ {bE gyh Ho$ g~{YV go{H$V {Zdb bm^/(hm{Z)
OmoS>| gyh Ho$ {bE AmJo bmm Jm go{H$V bm^/(hm{Z)

OmoS>
{d{ZmoJ
H$mZyZr Ama{j{Vm| H$mo AVaU
amOd Ama{j{V H$mo AVaU
nyOr Ama{j{V H$mo AVaU
{deof Ama{j{V (go)/H$mo AVaU-H$a|gr dn
AmV[a bm^me (bm^me H$a g{hV)
A{V bm^me (bm^me H$a g{hV)
bm^me H$a - AZwf{Jm| Ho$ {bE
AmH$a A{Y{Z. 1961 H$s Ymam 36(1) Ho$ AVJV {deof
Ama{j{V
go{H$V VybZ-n | AmJo bmm Jm eof
OmoS>
hdnyU boIm {Z{Vm
boIm| na {Q>n{Um
{V eoa AOZ
D$na ~VmB JB AZwgy{Mm VybZ-n H$m A{^ AJ h&

III

INCOME
Interest earned
Other income
TOTAL
EXPENDITURE
Interest expended
Operating expenses
Provisions and Contingencies
TOTAL
Share of earnings/(loss) in Associates
Consolidated Net Profit/(Loss) for the year before
deducting Minorities' interest
Less: Minorities' Interest
Consolidated Net Profit/(Loss) for the year
attributable to the group
Add: Brought forward consolidated profit/(loss)
attributable to the group
TOTAL
APPROPRIATIONS
Transfer to Statutory Reserve
Transfer to Revenue Reserve
Transfer to Capital Reserve
Transfer (from) / to Special Reserve - Currency Swap
Interim Dividend ( including dividend tax )
Final Dividend ( including dividend tax )
Dividend Tax - for Subsidiary
Special Reserve u/s Sec 36(1) (viii) of Income Tax
Act, 1961
Balance carried over to consolidated Balance sheet
TOTAL
Significant accounting policies
Notes forming part of accounts
Earnings Per Share (`)

17
18

The schedules referred to above form an integral part of the Profit and Loss Account

~qH$J {d{ZZ A{Y{Z, 1949 H$s Vrgar AZwgyMr Ho$ $m ~r Ho$ AZwgma h bm^-hm{Z ImVm Vma {H$m Jm h&
The Profit and Loss Account has been prepared in conformity with Form `B' of the Third Schedule to the Banking Regulation Act, 1949.

lrVr dr. Ama. A`a

{~. nr. em

AU lrdmVd

Ama. H$moQ>rdaZ

H$UHw$ma Ho$ Zma

Mrs. V.R. Iyer

B.P. Sharma

Arun Shrivastava

R. Koteeswaran

Krishnakumar K. Nair

A`j Ed ~Y {ZXoeH$

H$m`nmbH$ {ZXoeH$

H$m`nmbH$ {ZXoeH$

H$m`nmbH$ {ZXoeH$

w {dmr A{YH$mar

Chairperson and
Managing Director

Executive Director

Executive Director

Executive Director

AZyn dYmdZ Anup Wadhawan


Ama. Eb. {~ZmoB R. L. Bishnoi
ogg EgAma~r ES> Egmo{gEQg

Chief Financial Officer

{ZXoeH$JU DIRECTORS
Eg. Eg. ~m[aH$ S. S. Barik
ZraO ^m{Q>`m Neeraj Bhatia
E. E. naoam A. M. Pereira
nr. E. {gamOwrZ P. M. Sirajuddin
moX ^grZ Pramod Bhasin
Coe Hw$ma IoVmZ Umesh Kumar Khaitan
g {V{W H$s hmar [anmoQ> gb h Items of our report of even date attached
ogg BgmH$ ES> gwaoe
ogg E E {Zgr ES> H$.

M/s. SRB & Associates


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 310009B) (FRN 310009E)
gOrV nmm Sanjeet Patra
^mJrXma Partner
E. H$. 056121 M. No. 056121

M/s. Isaac & Suresh


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 001150Eg) (FRN 001150S)
~oZr Omogo$ Benny Joseph
^mJrXma Partner
E. H$. 200689 M. No. 200689

M/s. M. M. Nissim and Co.


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 107122S>`y) (FRN 107122W)
gO IomZr Sanjay Khemani
^mJrXma Partner
E. H$. 044577 M. No. 044577

ogg S>r. qgh ES> H$. M/s. D. Singh & Co.


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 001351EZ) (FRN 001351N)
{gaZ qgh Simran Singh
^mJrXma Partner
E. H$.098641 M. No. 098641
{XZmH$ : 15 B, 2014/Date : 15h May, 2014

ogg Oo. nr. H$nya ES> C~oam M/s. J. P. Kapur & Uberai
gZXr boImH$ma Chartered Accountants
(E$AmaEZ 000593EZ) (FRN 000593N)
XrnH$ oZZ Deepak Menon
^mJrXma Partner
E. H$. 084225 M. No. 084225

ogg ES>mog. ES> H$. M/s. Andros & Co.


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 008976EZ) (FRN 008976N)
Amo H$me bmH$S>m Om Prakash Lakra
^mJrXma Partner
E. H$. 081431 M. No. 081431

143

/ BANK OF INDIA

/ Annual Report 2013-14

31 mM, 2014 H$mo gm df Ho$ {bE ZH$Xr dmh H$m {ddaU

(` bmI |/` in 000s)


dfmV /
dfmV /


Statement
of Consolidated Cash Flow for the year ended 31st March, 2014

{ddaU

Particulars

Year ended
31.03.2014

Year ended
31.03.2013

38,212,675

30,956,877

2,770,396
2,339,004
48,101,509
9,203,054

2,375,900
1,890,682
43,704,677
7,867,476

(448,838)

(311,114)

955,640,831
113,197,425
53,926,376
(201,030,834)
(859,911,018)
(94,787,359)
(2,696,981)
64,516,240

637,184,668
31,377,051
(10,551,054)
(84,822,723)
(446,432,316)
10,661,063
(17,581,896)
206,319,292

(6,346,844)
412,843
448,838
(2,759,400)
105,756
(8,138,807)

(3,884,385)
449,996
311,114
(862,039)
105,293
(3,880,021)

463,607
9,536,393
17,383,654
(10,726,238)
(9,203,055)
7,454,361
63,831,794
553,771,257
617,603,051

221,219
7,868,779
1,127,523
(4,661,415)
(7,867,476)
(3,311,370)
199,127,901
354,643,356
553,771,257

H$. n[aMmbZJV J{V{d{Y`m| go ZH$Xr dmh:


H$a Ho$ nhbo {Zdb bm^
{ZZ{bpIV Ho$ {bE gm`moOZ:
{Zdoem| na Amy{VH$aU/y`mg
AMb AmpV`m| na y`mg
A` Xm| Ho$ {bE mdYmZ
JmU ~mSg/AmBnrS>rAmB, Ana {Q>`a II
~mSg na ^wJVmZ/`mO hoVw mdYmZ
m bm^me
{ZZ{bpIV Ho$ {bE gm`moOZ:
Omam{e`m| | ~T>/(KQ>)
CYma | ~T>/(KQ>)
A` Xo`VmAm| Ama mdYmZm| | ~T>/(KQ>)
{Zdoe | (~T>)/KQ>
A{Jm| | (~T>)/KQ>
A` AmpV`m| | (~T>)/KQ>
`j H$a (^wJVmZ)/dmngr
n[aMmbZJV J{V{d{Y`m| go {Zdb ZH$Xr dmh (H$)
I. {Zdoe J{V{d{Y`m| go ZH$Xr dmh :
AMb gn{m H$s IarX
AMb gn{m H$s {~H$s
m bm^me
AZwf{J`m| Ho$ goH$Z H$m ^md
Ang`H$ {hV
{Zdoe J{V{d{Y`m| go {Zdb ZH$Xr dmh (I)
J. {dmnmofU J{V{dY`m| go ZH$Xr dmh:
eo`a nyOr
eo`a {{`
AmBnrS>rAmB, JmU ~mS> VWm Ana {Q>`a II ~mS> ({Zdb)
bm^me ^wJVmZ
AmBnrS>rAmB, JmU ~mS> Ana {Q>`a II ~mS> na `mO ^wJVmZ
{dmnmofU J{V{d{Y`m| go {Zdb ZH$Xr dmh (J)
ZH$X Ama ZH$Xr gVw` | {Zdb d{ (H$)+(I)+(J)
1 Ab H$mo ZH$Xr Ed ZH$Xr gVw` H$m Ama{^H$ eof
31 mM H$mo ZH$Xr Ed ZH$Xr gVw`
lrVr dr. Ama. A`a
{~. nr. em

AU lrdmVd

Ama. H$moQ>rdaZ

H$UHw$ma Ho$ Zma

Mrs. V.R. Iyer

B.P. Sharma

Arun Shrivastava

R. Koteeswaran

Krishnakumar K. Nair

A`j Ed ~Y {ZXoeH$

H$m`nmbH$ {ZXoeH$

H$m`nmbH$ {ZXoeH$

H$m`nmbH$ {ZXoeH$

w {dmr A{YH$mar

Chairperson and
Managing Director

Executive Director

Executive Director

Executive Director

AZyn dYmdZ Anup Wadhawan


Ama. Eb. {~ZmoB R. L. Bishnoi
ogg EgAma~r ES> Egmo{gEQg

A.

B.

C.

Cash Flow from Operating Activities:


Net Profit before taxes
Adjustments for:
Amortisation / Depreciation on Investments
Depreciation on Fixed Assets
Provision for Other Items
Payment / Provision for Interest on
Subordinated Bonds, IPDI. Upper Tier II Bonds
Dividend received
Adjustments for:
Increase /( Decrease) in Deposits
Increase /( Decrease) in Borrowings
Increase / (Decrease)in Other Liabilities and Provisions
(Increase) / Decrease in Investments
(Increase )/ Decrease in Advances
(Increase) / Decrease in Other Assets
Direct Taxes (Paid)/Refund
Net Cash Flow from Operating Activities (A)
Cash Flow from Investing Activities :
Purchase of Fixed Assets
Sale of Fixed Assets
Dividend received
Impact of consolidation of subsidiaries
Minority Interest
Net Cash Flow from Investing Activities (B)
Cash Flow from Financing Activities:
Share Capital
Share Premium
IPDI, Subordinated Bonds & Upper Tier II Bonds (Net)
Dividend paid
Interest Paid on IPDI, Subordinated Bonds, Upper Tier II Bonds
Net Cash Flow from Financing Activities (C)
Net Increase in Cash & Cash Equivalents (A)+(B)+(C)
Opening Cash and Cash Equivalents as at April 1
Cash and Cash Equivalents as at March 31

Chief Financial Officer

{ZXoeH$JU DIRECTORS
Eg. Eg. ~m[aH$ S. S. Barik
ZraO ^m{Q>`m Neeraj Bhatia
E. E. naoam A. M. Pereira
nr. E. {gamOwrZ P. M. Sirajuddin
moX ^grZ Pramod Bhasin
Coe Hw$ma IoVmZ Umesh Kumar Khaitan
g {V{W H$s hmar [anmoQ> gb h Items of our report of even date attached
ogg BgmH$ ES> gwaoe
ogg E E {Zgr ES> H$.

M/s. SRB & Associates


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 310009B) (FRN 310009E)
gOrV nmm Sanjeet Patra
^mJrXma Partner
E. H$. 056121 M. No. 056121

M/s. Isaac & Suresh


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 001150Eg) (FRN 001150S)
~oZr Omogo$ Benny Joseph
^mJrXma Partner
E. H$. 200689 M. No. 200689

M/s. M. M. Nissim and Co.


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 107122S>`y) (FRN 107122W)
gO IomZr Sanjay Khemani
^mJrXma Partner
E. H$. 044577 M. No. 044577

ogg S>r. qgh ES> H$. M/s. D. Singh & Co.


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 001351EZ) (FRN 001351N)
{gaZ qgh Simran Singh
^mJrXma Partner
E. H$.098641 M. No. 098641
{XZmH$ : 15 B, 2014/Date : 15h May, 2014

ogg Oo. nr. H$nya ES> C~oam M/s. J. P. Kapur & Uberai
gZXr boImH$ma Chartered Accountants
(E$AmaEZ 000593EZ) (FRN 000593N)
XrnH$ oZZ Deepak Menon
^mJrXma Partner
E. H$. 084225 M. No. 084225

ogg ES>mog. ES> H$. M/s. Andros & Co.


gZXr boImH$ma Chartered Accountants
(E$AmaEZ 008976EZ) (FRN 008976N)
Amo H$me bmH$S>m Om Prakash Lakra
^mJrXma Partner
E. H$. 081431 M. No. 081431

144

/ BANK OF INDIA

/ Annual Report 2013-14

go{H$V VwbZn H$s gyMr

SCHEDULES TO THE CONSOLIDATED BALANCE SHEET

(000 N>moS>o JE h 000's Omitted)


na Wm As at
na Wm As at
AZwgyMr - 1 nyOr
m{YH$V
300,00,00,000 ({nN>bo df 300,00,00,000) ` 10 oH$
Ho$ BpdQ>r eoa
Omar Ama A{^Xm
64,34, 40,113 ({nN>bo df 59,70,79,427) ` 10
oH$ Ho$ BpdQ>r eoa 42,83,67,513 BpdQ>r eoa em{b
({nN>bo df 38,20,06,827) ` 10 oH$ Ho$, nyU Xm Hw$b
` 428.37 H$amoS> ({nN>bo df ` 382.01 H$amoS>) Ho$ gaH$ma
mam Ym[aV&
Hw$b
Xm nyOr
nyUV Xm oH$ ` 10 Ho$ 64,22,63,013 BpdQ>r eoa
({nN>bo df 59,59,02,327)
OmoS>| OV eoam| H$s am{e
Hw$b

31-03-2014
`

31-03-2013
`

30,000,000

30,000,000

64,34,40,113 Equity Shares (Previous year


59,70,79,427) of `10 each including 42,83,67,513
Equity shares (Previous year 38,20,06,827) of `10
each, fully paid up amounting to `428.37 crore
(Previous year
`382.01 crores) held by Central Government.

6,434,401

5,970,794

TOTAL

6,434,401

5,970,794

6,422,630

5,959,023

7,391

7,391

6,430,021

5,966,414

59,568,842
7,000,000
66,568,842

52,695,475
6,873,367
59,568,842

11,821,336
27599034
1,998,552

12,358,898
0
537,562

37,421,818

11,821,336

8,750,600
51,063
8,801,663

8,433,282
317318
8,750,600

199,330
31,519
230,849

0
199330
199330

11,965,741
5,620,156

10,445,629
1,520,112

17,585,897

11,965,741

SCHEDULE - 1 : CAPITAL
AUTHORISED
300,00,00,000 ( Previous year 300,00,00,000) Equity
Shares of `10 each
ISSUED AND SUBSCRIBED

PAID-UP CAPITAL
64,22,63,013 Equity Shares ( Previous year
59,59,02,327) of `10 each fully paid up
Add: Amount of Shares forfeited
TOTAL

AZwgyMr - 2 : Ama{jV {Z{Ym Ama A{Yeof


H$mZyZr Ama{jV {Z{Y`m :
Ama{^H$ eof
df Ho$ XmamZ n[adYZ
Hw$b ( I )
II. nyOr Ama{j{V`m :
E) nwZy`mH$Z Ama{j{V :
ma{^H$ eof
OmoS|> : gn{m H$m nwZy`mH$Z
KQ>mE : nwZw`mH$Z Ho$ H$maU y`mg

I.

OmoS> (E)
~r) A`
i)

ii)

iii)

{Zdoe H$s {~H$s na bm^ n[an$Vm VH$ Ym[aV


ma{^H$ eof
OmoS|> : df Ho$ XmamZ n[adYZ
(i) H$m Cn-OmoS>
goH$Z na nyOr Ama{jVr
ma{^H$ eof
OmoS|> : df Ho$ XmamZ gm`moOZ
(ii) H$m Cn-OmoS>
{dXoer wm $nmVaU Ama{jVr
ma{^H$ eof
OmoS|>/ (KQ>mE) : df Ho$ XmamZ gm`moOZ
({Zdb)
(iii) H$m Cn-OmoS>

SCHEDULE - 2 : RESERVES & SURPLUS


I. Statutory Reserve :
Opening Balance
Additions during the year
TOTAL ( I )
II. Capital Reserves :
A) Revaluation Reserve :
Opening Balance
Add: Revaluation of Property
Less: Depreciation / adjustments on
account of revaluation
Total of (A)
B) Others
i) Profit on sale of Investments "Held to Maturity"
Opening Balance
Add: Additions during the year
Sub-total of (i)
ii) Capital Reserve on Consolidation
Opening Balance
Add: Adjustment during the year
Sub-total of (ii)
iii) Foreign Currency Translation
Reserve
Opening Balance
Add/ (Less) : Adjustments during
the year (Net)
Sub-total of (iii)

145

/ BANK OF INDIA

/ Annual Report 2013-14


(000's N>moS>o
As at
31-03-2014
`

na Wm
iv)

{deof Ama{jVr - wm dn

iv) Special Reserve - Currency


Swaps
Opening Balance
Add/(Less):Deductions during
the year
Sub-total of (iv)
Total of (B)
TOTAL (II)
III. Share Premium :
Opening Balance

ma{^H$ eof
OmoS|>/(KQ>mE): df Ho$ XmamZ H$Q>mVr

iii)

(iv) H$m Cn-OmoS>


OmoS> (~r)
OmoS> (II)
eoAa {{
ma{^H$ eof
df Ho$ XmamZ n[adYZ (B{$Q>r H$m A{YmZr {ZJ)

i)

ii)

V.

AZwgyMr - 2 : Ama{j{V`m Ama A{Yeof


amOd Ed A` Ama{j{V`m :
amOd Ama{jVr:
ma{^H$ eof
OmoS : df Ho$ XmamZ n[adYZ
OmoS|>/(KQ>mE): gmmoOZ
(i) H$m Cn-OmoS>
Am`H$a A{Y{Z`,1961 H$s Ymam 36(1)(viii) Ho$
AVJV {deof Ama{jVr
ma{^H$ eof
OmoS|>: df Ho$ XmamZ n[adYZ
(ii) H$m OmoS>
OmoS> (IV)
go{H$V bm^-hm{Z ImVo | eof
OmoS> ( I go V)
AZwgyMr - 2E : AngH$ {hV
Cg VmarI H$mo AngH$ {hV O~ yb H$nZr ghmH$ H$nZr g~Y
ApVd | AmE nadVu d{/(H$r)
VwbZ-n H$s VmarI H$mo AngH {hV

AZwgyMr - 3 : Omam{e`m
E I. mJ Omam{e`m :
i) ~H$m| go
ii) A` go
OmoS> (I)
II. ~MV ~H$ Omam{e`m
III. {`mXr Omam{e`m:
i) ~H$m| go
ii) A` go
OmoS> (III)
Hw$b E (I go III)
~r i) ^maV | emImAm| H$s Omam{e`m
ii) ^maV Ho$ ~mha H$s emImAm| H$s Omam{e`m
OmoS> (~r)

31-03-2013
`

0
-

3,654
(3,654)

0
26,618,409
64,040,227

0
20,915,671
32,737,007

47,129,073

39,260,294

9,536,393

7,868,779

0
56,665,466

0
47,129,073

Opening Balance

86,608,807

75,497,582

Add: Additions during the year

15,557,947

11,039,322

Add / (Less): Adjustments

(4,334,060)

71,901

Total of (i)

97,832,694

86,608,805

12,700,000

9,700,000

Additions during the year


(Preferential Issue of Equity)
Add: On forfeited shares annulled
TOTAL (III)

OmoS>o : {dbmo{nV OV eoa


Hw$b (III)
IV.

JE h Omitted)
na Wm As at

SCHEDULE - 2 : RESERVES & SURPLUS (contd.)


IV. Revenue and Other Reserves :
i) Revenue Reserve :

ii) Special Reserve u/s Sec 36(1)(viii) of Income


Tax Act, 1961
Opening Balance
Add: Additions during the year

3,500,000

3,000,000

Total of (ii)

16,200,000

12,700,000

TOTAL (IV)

114,032,694

99,308,805

301,307,229

238,743,727

367,348

330,886

Subsequent increase / (decrease)

472,700

403,406

Minority interest on the date of Balance sheet

840,048

734,292

V. Balance in Consolidated Profit and Loss


Account
TOTAL ( I TO V)
SCHEDULE - 2A : MINORITIES INTEREST
Minority interest at the date on which the parentsubsidiary relationship came into existence

SCHEDULE - 3 : DEPOSITS
A.

I. Demand Deposits :
i) From Banks

3,888,170

10,613,328

ii) From Others

213,744,548

193,863,916

TOTAL (I)

217,632,718

204,477,244

879,713,863

777,113,780

II. Savings Bank Deposits


III. Term Deposits :

B.

i) From Banks

526,182,396

389,670,875

ii) From Others

3,163,421,795

2,460,048,041

TOTAL (III)

3,689,604,191

2,849,718,916

TOTAL A (I to III)

4,786,950,772

3,831,309,940

3,635,588,157

2,940,660,235

i) Deposits of branches in India


ii) Deposits of branches outside India
TOTAL (B)

146

1,151,362,615

890,649,705

4,786,950,772

3,831,309,940

/ BANK OF INDIA

/ Annual Report 2013-14

SCHEDULES TO THE CONSOLIDATED BALANCE SHEET


(000's N>moS>o

na Wm

As at
31-03-2014
`

I.

AZwgyMr - 4 : CYma
^maV | CYma:
i)
^maVr` [aOd ~H$
ii) A` ~H$
H$. {Q>`a I nyOr (AmB.nr.S>r.AmB)
I. Ana {Q>`a II nyOr
J. {V^y{Va{hV Ja-n[adVZr` moMZr` ~Yn

iii)

({Q>`a II nyOr Ho$ {bE JmU F$U)


K. A`
OmoS> (ii)
A` gWmE Ama A{YH$aU
H$. {Q>`a I nyOr (AmB.nr.S>r.AmB)
I. Ana {Q>`a II nyOr
J. {V^y{Va{hV Ja-n[adVZr` moMZr` ~Yn

({Q>`a II nyOr Ho$ {bE JmU F$U)


K. A`
OmoS> (ii)
OmoS> (I)
II. ^maV Ho$ ~mha go CYma
H$. {Q>`a I nyOr (AmB.nr.S>r.AmB)
I. Ana {Q>`a II nyOr
K. A`
OmoS> (II)
OmoS> (I Ed II)
D$na gp{bV {V^y{V CYma
AZwgyMr - 5 : A` Xo`VmE Ed mdYmZ
I.
II.
III.
IV.
V.

Xo` {~b
AVa H$m`mb` gm`moOZ ({Zdb)
Cnm{OV Am`
AmW{JV H$a Xo`Vm
A`
OmoS>

AZwgyMr - 6 : ^maVr` [aOd ~H$ |


ZH$Xr Ama eof
I. hmW | ZH$Xr ({dXoer H$a|gr ZmoQ> Ed gmoZo g{hV)
II.

^maVr` [aOd ~H$ | eof:


i)
Mmby ImVm| |
ii) A` ImVm| |
OmoS> (II)
OmoS> ( I Ed II)

JE h Omitted)
na Wm As at
31-03-2013
`

SCHEDULE - 4 : BORROWINGS
I. Borrowings in India :
i) Reserve Bank of India

46,865,583

4,110

5,262,000

5,712,000

ii) Other Banks


a. Tier I Capital ( I.P.D.I.)
b. Upper Tier II Capital
c. Unsecured Non-convertible Redeemable
Bonds
(Subordinated for Tier-II Capital)
d. Others

695,000

695,000

1,153,000

1,113,000

17,676,334

14,900,193

24,786,334

22,420,193

a. Tier I Capital ( I.P.D.I.)

11,538,000

11,088,000

b. Upper Tier II Capital

41,625,000

41,625,000

c. Unsecured Non-convertible Redeemable


Bonds
(Subordinated for Tier-II Capital)

31,847,000

16,887,000

Total ( ii )
iii) Other Institutions and Agencies

69,773,146

62,534,647

Total (iii)

d. Others

154,783,146

132,134,647

Total (I)

226,435,063

154,558,950

5,097,701

4,610,989

II. Borrowings outside India


a. Tier I Capital ( I.P.D.I.)
b. Upper Tier II Capital

14,375,360

13,051,984

238,366,979

181,472,101

Total (II)

257,840,040

199,135,074

Total ( I & II )

484,275,103

353,694,024

11,006,971

12,920,584

III. Interest Accrued

18,548,535

15,038,416

VI. Deferred Tax liability

15,865,734

3,128,214

156,321,623

102,532,417

201,742,863

133,619,631

20,258,778

17,704,680

172,491,807
127,989
172,619,796
192,878,574

203,452,946
93,600
203,546,546
221,251,226

c. Others

Secured borrowings included in above


SCHEDULE - 5 : OTHER LIABILITIES AND
PROVISIONS
I. Bills Payable
II. Inter-office adjustments (net)

VII. Others
TOTAL
SCHEDULE - 6 : CASH AND BALANCES WITH
RESERVE BANK OF INDIA
I. Cash in hand
(including foreign currency notes & Gold )
II.
Balances with Reserve Bank of India :
i) In Current Account
ii) In Other Accounts
TOTAL (II)
TOTAL ( I & II)

147

/ BANK OF INDIA

/ Annual Report 2013-14

SCHEDULES TO THE CONSOLIDATED BALANCE SHEET


(000s N>moS>o

na Wm

As at
31-03-2014
`

AZwgyMr - 7 : ~H$m| | eof Ed mJ VWm An gyMZm na


YZam{e
I. An gyMZm na YZam{e
i)
~H$m| | eof
H$) Mmby ImVm| |
I) A` Omam{e ImVm| |
ii) mJ na Ed An gyMZm na YZam{e
H$) ~H$m| |
I) A` gWmAm| |
OmoS> (I)
II. ^maV Ho$ ~mha :
i)
Mmby ImVm| |
ii) A` Ommam{e ImVm| |
iii) mJ na Ed An gyMZm na YZam{e
OmoS> ( I Ed II )

I.
i)
ii)
iii)
iv)
v)
vi)

II.
i)
ii)
iii)
iv)

III.

IV.

AZwgyMr - 8 : {Zdoe
^maV | {Zdoe:
gaH$mar {V^y{V
A` AZwmo{XV {V^y{V`m
eo`a
{S>~|Ma Ed ~Yn
ghm`H$ H$n{Z`m| | {Zdoe
A
OmoS> ( I )
^maV Ho$ ~mha {Zdoe:
gaH$mar {V^y{V`m (WmZr` m{YH$aUm| g{hV)
{S>~|Ma Ed ~Yn
ghmH$ H$n{Zm| | {Zdoe
A
OmoS> ( I )
OmoS> ( I Ed II )
^maV | {Zdoe:
i) {Zdoe H$m gH$b y
ii) AdyZ hoVw gH${bV mdYmZ
iii) {Zdb {Zdoe
^maV Ho$ ~mha {Zdoe:
i) {Zdoe H$m gH$b y
ii) AdyZ hoVw gH${bV mdYmZ
iii) {Zdb {Zdoe
Hw$b ( III Ed IV )

JE h Omitted)
na Wm As at
31-03-2013
`

SCHEDULE - 7 : BALANCES WITH BANKS &


MONEY AT CALL & SHORT NOTICE
I. In India :
i) Balances with Banks
a)

in Current Accounts

b)

in Other Deposit Accounts

4,997,247

5,974,136

97,463,608

86,223,965

ii) Money at call and short notice


a)

With Banks

b)

With Other Institutions

102,460,855

92,198,101

11,439,378

6,510,130

309,778,802

230,212,307

1,045,442

3,599,493

TOTAL ( II )

322,263,622

240,321,930

TOTAL ( I & II )

424,724,477

332,520,031

971,577,541

798,318,924

1,442,743

986,884

iii) Shares

16,489,577

15,905,439

iv) Debentures and Bonds

86,494,578

57,861,138

TOTAL ( I )
II. Outside India :
i) In Current Accounts
ii) In Other Deposit Accounts
iii) Money at call and short notice

SCHEDULE - 8 : INVESTMENTS
I. Investments in India :
i) Government Securities
ii) Other approved Securities

9,582,334

6,907,599

vi) Others

v) Investment in Associates

25,871,842

46,643,049

TOTAL ( I )

1,111,458,615

926,623,033

36,936,613

24,377,635

II. Investments outside India :


i) Government Securities (including local
authorities)
ii) Debentures & Bonds

553,181

468,514

iv) Others

15,949,024

12,408,412

TOTAL ( II )

53,438,818

37,254,561

1,164,897,433

963,877,594

1,117,629,018

931,968,355

iii) Investment in Associates

TOTAL ( I & II)


III. Investments in India :
i) Gross value of Investments
ii) Aggregate provisions for depreciation
iii) Net Investments

6,170,403

5,345,322

1,111,458,615

926,623,033

58,254,185

41,734,300

4,815,367

4,479,739

IV Investments outside India :


i) Gross value of Investments
ii) Aggregate provisions for depreciation
iii) Net Investments
TOTAL ( III & IV)

148

53,438,818

37,254,561

1,164,897,433

963,877,594

/ BANK OF INDIA

/ Annual Report 2013-14

SCHEDULES TO THE CONSOLIDATED BALANCE SHEET

(000s N>moS>o

na Wm

As at
31-03-2014
`

AZwgyMr - 9 : A{J
E. i) H$sV {~b Ama ~>mH$V {~b
ii) ZH$X CYma, AmodaSmQ> Ama mJ na {VgXo` F$U
iii)

~r.

{`mXr F$U
Hw$b (E)

JE h Omitted)
na Wm As at
31-03-2013
`

SCHEDULE - 9 : ADVANCES
A.

i) Bills Purchased and Discounted


ii) Cash Credits, Overdrafts and Loans repayable
on demand
iii) Term Loans
TOTAL (A)

592,489,765

512,121,504

1,632,906,390

1,238,210,757

1,501,318,449

1,156,213,889

3,726,714,604

2,906,546,150

2,514,104,130

1,892,640,920

B. Particulars of Advances :

i) Secured by tangible assets (includes


yV AmpV`m| mam {V^yV (Bg| ~hr F$Um| Ho$
advances against Book Debts)
{Z{m A{J em{b h)
ii)
ii) Covered by Bank/Government Guarantees
~H$/gaH$mar Jma{Q>`m| mam gwa{jV
iii) A{V^yV
iii) Unsecured
TOTAL (B)
OmoS> (~r)
C. Sectoral Classification of Advances :
gr.
A{Jm| H$m joddma dJuH$aU :
I.
I. Advances in India
^maV | A{J
i)
i) Priority Sector
mW{H$Vm m jo
ii) gmdO{ZH$ jo
ii) Public Sector
iii) ~H$
iii) Banks
iv) A`
iv) Others
TOTAL (I)
OmoS> gr (I)
II.
II. Advances outside India :
^maV Ho$ ~mha A{J :
i)
i) Due from Banks
~H$m| go Xo`
ii) A`m| go Xo`
ii) Due from others
a) Bills Purchased and Discounted
H$) H$sV {~b Ama ~>mH$V {~b
b) Syndicated Loans
I) gyhZH$V F$U
c) Others
J) A`
TOTAL (II)
OmoS> (II)
TOTAL ( I & II )
OmoS> (I Ed II)
SCHEDULE - 10 : FIXED ASSETS
AZwgyMr - 10 : AMb AmpV`m
I. n[aga :
I.
PREMISES :
Opening Balance at cost
bmJV na Ama{^H$ eof
Additions /Adjustments during the year
df Ho$ XmamZ n[adYZ/gm`moOZ
Less: Deductions/ Adjustments during the year
KQ>mE: df Ho$ XmamZ H$Q>m{V`m/ gm`moOZ
Sub-total
Cn-OmoS>
Addition to date on account of revaluation
nwZy`Z Ama{jV {Z{Y | Om {H$E JE nwZy`Z Ho$ H$maU
credited to revaluation reserve
Bg VmarI VH$ OmoS>
Less : Depreciation to date (including `
KQ>mE : Bg VmarI H$mo y`mg (nwZy`mH$Z Ho$ H$maU `
9790568 on account of revaluation - Previous
97,905,68 g{hV {nN>bo df | `77,92,016)
year ` 7792016)
TOTAL ( I )
OmoS> ( I )
II. A` AMb AmpV`m :
II.
OTHER FIXED ASSETS :
(including Furniture and Fixtures)
(${ZMa Ed {$Ma gp{bV h)
Opening Balance at cost
bmJV na Ama{^H$ eof
Additions /Adjustments during the year
df Ho$ XmamZ n[adYZ/gm`moOZ
Less: Deductions/ Adjustments during the year
KQ>mE: df Ho$ XmamZ H$Q>m{V`m/gm`moOZ
Sub-total
Cn-OmoS>
Less: Depreciation to date
KQ>mE: Bg VmarI H$mo y`mg
TOTAL ( II )
OmoS> ( II )
III. {ZmUmYrZ nyOrJV H$m`
III.
CAPITAL WORK IN PROGRESS
TOTAL ( I to III )
OmoS> ( I go III )
i)

149

549,217,036

606,559,629

663,393,438

407,345,601

3,726,714,604

2,906,546,150

773,955,592

649,660,787

472,909,900

298,815,767

934,951

1,805,600

1,348,362,550

1,063,405,212

2,596,162,993

2,013,687,366

341,257,630

306,819,176

186,242,008

184,660,244

186,925,377

152,816,449

416,126,596

248,562,915

1,130,551,611

892,858,784

3,726,714,604

2,906,546,150

11,851,868

11,657,995

1,934,944

193,873

7,958

13,778,854

11,851,868

47,212,385

19,613,350

13,188,830

10,669,761

47,802,409

20,795,457

18,477,911

15,542,978

3,922,068

3,357,071

646,982

422,138

21,752,997

18,477,911

12,779,962

11,203,570

8,973,035

7,274,341

1,426,426

936,595

58,201,870

29,006,393

/ BANK OF INDIA

/ Annual Report 2013-14

SCHEDULES TO THE CONSOLIDATED BALANCE SHEET


(000s N>moS>o

na Wm

As at
31-03-2014
`

AZwgyMr - 11 : A` AmpV`m
I. AVa H$m`mb` gm`moOZ ({Zdb)
II. Cn{MV `mO
III. A{J $n go Xm H$a / moV na H$mQ>o JE H$a ({Zdb)
IV.
V.
VI.

boIZ gmJr Ama Q>n


AmW{JV H$a AmpV`m
A`
OmoS>

AZwgyMr - 12 : AmH$pH$ Xo`VmE


I.

II.

~H$ Ho$ {d Xmd| {Oho F$U Ho$ $n | drH$ma Zht


{H$`m J`m h
AeV: Xm {Zdoem| Ho$ {bE Xo`VmE

JE h Omitted)
na Wm As at
31-03-2013
`

SCHEDULE - 11 : OTHER ASSETS


I. Inter Office Adjustment (Net)

18,914,782

1,114,569

II Interest Accrued

26,323,005

19,424,708

52,053,463

44,061,478

III Tax paid in advance/tax deducted at source


(Net)
IV Stationery and Stamps
V Deferred Tax Assets
VI Others
TOTAL

38,965

61,101

1,322,230

839,129

115,476,633

45,365,649

214,129,078

110,866,634

10,449,068

8,113,001

1,951,442

1,170,424

1,432,582,715

1,426,316,514

SCHEDULE - 12 : CONTINGENT LIABILITIES


I. Claims against the Bank not acknowledged as
debts
II. Liability for partly paid Investments

III.

~H$m`m dm`Xm {d{Z` g{dXmAm| Ho$ H$maU Xo`VmE

III. Liability on account of outstanding forward


exchange contracts

IV.

gKQ>H$m| H$s Amoa go Xr JB Jma{Q>`m:

IV. Guarantees given on behalf of Constituents :

E) ^maV |

a) In India

183,713,523

167,395,925

~r) ^maV Ho$ ~mha

b) Outside India

230,842,318

128,494,207

V.

drH$ma, n>mH$Z Ed A` Xm{`d

V. Acceptances, endorsements and other


obligations

306,637,066

271,628,949

VI.

`mO Xa dn

VI. Interest Rate Swaps

294,505,775

202,187,374

VII.

A` Xo {OZHo$ {bE ~H$ AmH$pH$ $n | XoZXma h

VII. Other items for which the Bank is contingently


liable

67,582,540

12,582,105

2,528,264,448

2,217,888,499

272,983,241

232,773,245

II. Income on Investments

84,244,097

72,870,373

III. Interest on balances with Reserve Bank of


India and other inter-bank funds

20,191,123

12,780,011

3,833,408

2,534,636

381,251,869

320,958,265

OmoS>
AZwgyMr - 13 : A{OV `mO Ed bm^me
I.
II.
III.

IV.

A{Jm|/{~b na `mO/~>m
{Zdoem| na Am`
^maVr` [aOd ~H$ Ama A` AVa ~H$ {Z{Y`m| Ho$ eofm|
na `mO
A`
OmoS>

TOTAL
SCHEDULE - 13 : INTEREST AND DIVIDENDS
EARNED
I. Interest/Discount on advances/bills

IV. Others
TOTAL

150

/ BANK OF INDIA

/ Annual Report 2013-14

SCHEDULES TO THE CONSOLIDATED PROFIT AND LOSS ACCOUNT


(000s N>moS>o

na Wm

As at
31-03-2014
`

I.
II.

III.
IV
V

VI

I.
II.
III.

AZwgyMr - 14 : A` Am`
H$reZ, {d{Z` Ama Xbmbr
{Zdoem| Ho$ {dH$` na bm^
KQ>mE : {Zdoem| Ho$ {dH$` na ZwH$gmZ
^y{, ^dZm| Ama A` AmpV`m| Ho$ {dH$` na bm^
KQ>mE : AMb AmpV`m| Ho$ {dH$` na ZwH$gmZ
{d{Z` g`dhmam| na bm^ - {Zdb
KQ>mE : {d{Z` g`dhmam| na ZwH$gmZ
ghm`H$ H$n{Z`m|/H$n{Z`m| Ama/AWdm g`w$ Cm| go
bm^me Am{X Ho$ $n | A{OV Am`

I.
II.

I. Commission, exchange and brokerage


II. Profit on sale of Investments
III. Profit on sale of land, buildings and other
assets Less : Loss on sale of fixed assets
IV. Profit on exchange transactions - net
Less : Loss on exchange transaction
V. Income Earned by way of dividend etc. on
subsidiaries/
companies and /or/ joint ventures
VI. Miscellaneous Income
TOTAL
SCHEDULE - 15 : INTEREST EXPENDED

JmU F$Um|, AmBAmaEg B`m{X na `mO


OmoS>

III.

A
OmoS>

14,378,087

12,751,216

7,971,327

4,489,740

529

2,236

7,202,048

6,498,743

448,838

311,114

13,189,156

13,792,947

43,189,985

37,845,996

238,635,138

203,132,692

18,391,014

14,890,771

14,671,593

11,580,592

271,697,745

229,604,055

40,365,873

31,791,721

5,497,307

4,455,954

720,752

620,730

Less : Loss on sale of investment.

AZwgyMr - 15 : `` {H$`m J`m `mO


Omam{e`m| na `mO
^maVr` [aOd ~H$ / AVa ~H$ ~H$ CYmam| `mO

AZwgyMr - 16 E : ghmoJr H$nZr | CnmOZ/hm{Z


H$m Ae
jor JmrU ~H$ (AmaAma~r)

31-03-2013
`

SCHEDULE - 14 : OTHER INCOME

{d{dY Am`
OmoS>

AZwgyMr - 16 : n[aMmbZJV ``
I. H$Mm[a`m| H$mo ^wJVmZ Ama CZHo$ {bE mdYmZ
II. {H$am`m, H$a Ed {~Obr
III. wU Ed boIZ gmJr
IV. {dkmnZ Ed Mma
V. ~H$ H$s gn{m na y`mg
(nwZy`Z Ama{j{V`m| na {Zdb y`mg)
VI. {ZXoeH$m| Ho$ ^mo Ama ``
VII. boIm narjH$m| H$s $sg Ama ``
(emIm boIm narjH$m| H$s $sg Ed ``)
VIII. {d{Y ^ma
IX. S>mH$ ``, Vma, Q>o{b$moZ Am{X
X. aV Ed aIaImd
XI. ~rm
XII. A` IM
OmoS>

JE h Omitted)
na Wm As at

I.

Interest on Deposits

II.

Interest on Reserve Bank of India / inter-bank


borrowings
Interest on Subordinated Debts, IRS etc.
TOTAL

SCHEDULE - 16 : OPERATING EXPENSES


I. Payments to and provisions for employees
II. Rent, Taxes and Lighting
III.

Printing and Stationery

IV. Advertisement and Publicity


V. Depreciation on Bank's property (Net of
Depreciation on Revaluation Reserve)
VI. Directors' fees, allowances and expenses
VII. Auditors' fees and expenses ( Including Branch
Auditors' Fees & Expenses )
VIII. Law Charges
IX. Postage, Telegrams, Telephones, etc.
X. Repairs and Maintenance
XI. Insurance
XII. Other Expenditure
TOTAL

871,587

639,211

2,339,004

1,890,682

29,012

31,370

543,319

380,445

278,595

206,379

797,063

519,831

643,686

625,580

3,181,663

2,062,429

12,977,864

11,334,489

68,245,725

54,558,821

2,104,615

477,491

450,215

291,676

2,554,830

769,167

SCHEDULE - 16 A : SHARE OF EARNINGS /


LOSSES IN ASSOCIATES
I. Regional Rural Banks (RRBs)
II. Others
TOTAL

151

/ BANK OF INDIA

AZwgyMr 17:
hdnyU boIm Zr{V`m
1. boImH$Z n{V
gbZ go{H$V {dVr` {ddaU (grE$Eg) M{bV {dMma Ymam H$m nmbZ
H$aVo hE, nanamJV bmJV AmYma na VWm ^maV | gmm`V: AnZmE OmZo
dmbo boIm {gmVm| (OrEEnr) na V`ma {H$E JE h, Omo bmJy gm{d{YH$
Cn~Ym| Ho$ AZwn ^maVr` [aOd ~H$, ~rm {Z`mH$ Ama {dH$mg m{YH$mar
(AmBAmaS>rE), H$nZr A{Y{Z` 1956 mam {ZYm[aV {d{Z`mH$ mZXS>,
^maVr` gZXr boImH$ma gWmZ (AmBgrEAmB) mam Omar boImH$Z mZH$
(EEg) Ama {ZU` Ho$ AZwn h& {dXoer emImAm|/H$m`mb`m| Ho$ g~Y |
g~{YV Xoem| | M{bV gm{d{YH$ Cn~Ym| VWm boImH$Z n{{V`m| H$m
AZwnmbZ {H$`m h, {gdm` CZHo$ {Oh| A` {d{Z{XQ> {H$`m J`m h&
{dVr` {ddaU H$mo V`ma H$aZo | `h Amd`H$ hmoVm h {H$ {dVr` {ddaU H$s
{V{W H$mo [anmoQ> {H$E J`o AmpV VWm Xo`VmAm| (AmH$pH$ Xo`VmAm| g{hV) H$s
am{e Ama [anmo{Q>J Ad{Y Ho$ {bE [anmoQ> {H$E J`o Am` Ama ``m| Ho$ gw{dMm[aV
AZwmZm| VWm YmaUmAm| H$mo ~YZ nyam H$ao& ~YZ `h {ddmg H$aVm h {H$
{dVr` {dda{U`m| H$mo V`ma H$aZo | Cn`moJ {H$E J`o AZwmZ `Wmo{MV VWm
R>rH$ h&
2. goH$Z H$m AmYma
gyh Ho$ go{H$V {dmr` {ddaU {ZZ AmYma na V`ma {H$E JE h:
1. ~H$ Am$ B{S>`m (yb ~H$) Ed CgH$s AZwf{J`m| Ho$ {dVr` {ddaU
^maVr` gZXr boImH$ma gWmZ (AmBgrEAmB) mam Omar {H$E JE
boImJV mZH$ (EEg) 21 go{H$V {dVr` {ddaU Ho$ AZwgma V`ma {H$E
OmVo h& Eogm n{$ Xa n{$ AmYma na {H$`m OmVm h Ama CZHo$ gmW Eogr
X| Ogo AmpV`m, Xo`VmE, Am` Ama `` OmoS> Xr OmVr h Ama AVa
Jwn g`dhmam|, eof am{e {~Zm dgybo J`o bm^/hm{Z H$mo Cg| go {ZH$mb
{X`m OmVm h Ama BgHo$ gmW-gmW Eogo Amd`H$ gm`moOZ ^r {H$E
OmVo h, Omo boImJV Zr{V Ho$ AZwn Ch| ~ZmZo Ho$ {bE Amd`H$ hm|&
{H$Vw Eogm AmodagrO AZwf{J`m|/ghm`H$ H$n{Z`m| Ho$ mbo H$mo N>moS>H$a
h, Ohm {dVr` {ddaU n WmZr` {d{Z`mH$ AnojmAm|/AVamQr`
{dVr` [anmo{Q>J mZH$m| (AmBE$AmaEg) Ho$ AmYma na V`ma {H$E OmVo
h& go{H$V {dVr` {ddaUm| | Eogo gm`moOZm| Ho$ n[aUmm| H$mo em{b ^r
Zht {H$`m Om ahm h, `m|{H$ CZH$m Cg na ~hV Aga nS>Zo H$s g^mdZm
Zht h& AZwf{J`m| Ho$ {dmr` {ddaU Cgr [anmo{Q>J VmarI VH$ V`ma {H$E
JE h Omo yb ~H$ H$s [anmo{Q>J VmarI h AWmV 31 mM, 2014 &
2. AZwf{J`m| | {Zdoe H$s yb bmJV Ama AZwf{J`m| | B{$Q>r Ho$ yb {hgo
Ho$ ~rM Ho$ AVa H$mo gmI/Ama{jV nyOr Ho$ n | m`Vm Xr OmVr h
`{X H$moB gmI h Vmo BgH$s m`Vm mV hmoZo na VwaV ~>o ImVo S>mb Xr
OmVr h&
3. go{H$V {dVr` {ddaU n | Ang`H$ {hV AZwf{J`m| H$s {Zdb
B{$Q>r | Ang`H$ eo`aYmaH$m| Ho$ eo`a Ho$ n | h&
4. ghm`H$ H$n{Z`m| | {Zdoe H$m boImH$Z ^maVr` gZXr boImH$ma gWmZ
(AmBgrEAmB) mam Omar boImH$Z mZH$ (EEg) 23, go{H$V {dVr`
{ddaUnm| | ghm`H$ H$n{Z`m| | {Zdoe H$m boImH$Z Ho$ AZwgma B{$Q>r
VarHo$ Ho$ VhV {H$`m J`m h&
5. g`wV C | {Zdoem| H$m boImH$Z ^maVr` gZXr boImH$ma gWmZ
(AmBgrEAmB) mam Omar boImH$Z mZH$ (EEg) 27, g`wV Cm| |
{hVm| H$s {dmr` [anmo{Q>J | {d{hV {H$E JE AZwgma gmZwnmV AmYma na
go{H$V h&

/ Annual Report 2013-14


SCHEDULE 17:
SIGNIFICANT ACCOUNTING POLICIES
1) ACCOUNTING CONVENTION:

The accompanying consolidated financial statements (CFS)


have been prepared following the going concern concept, on
historical cost basis unless otherwise stated and conform to the
Generally Accepted Accounting Principles (GAAP) in India, which
encompasses applicable statutory provisions, regulatory norms
prescribed by the Reserve Bank of India, Insurance Regulatory and
Development Authority(IRDA), Companies Act 1956, Accounting
Standards (AS) and pronouncements issued by The Institute of
Chartered Accountants of India (ICAI) and accounting practices
prevailing in India. In respect of foreign offices/branches, statutory
provisions and accounting practices prevailing in the respective
foreign countries are complied with, except as specified elsewhere.

The preparation of financial statements requires the management


to make estimates and assumptions considered in the reported
amount of assets and liabilities (including contingent liabilities) as
of date of the financial statements and the reported income and
expenses for the reporting period. Management believes that the
estimates used in the preparation of the financial statements are
prudent and reasonable.

2) BASIS OF CONSOLIDATION:

Consolidated financial statements of the group have been prepared


on the basis of:
1.

The financial statements of Bank of India (the Parent bank) and


its subsidiaries in accordance with Accounting Standard (AS)
21 Consolidated Financial Statements issued by the Institute
of Chartered Accountants of India (ICAI), on a line by line basis
by adding together like items of assets, liabilities, income and
expenses after eliminating intra-group transactions, balances,
unrealised profit/loss and making necessary adjustments
wherever required to conform to uniform accounting policies
except in case of overseas subsidiaries/ associates, where, the
financial statements are prepared based on local regulatory
requirements/ International Financial Reporting Standards
(IFRS). Impact of such adjustments not being material is not
given in Consolidated Financial Statements. The financial
statements of the subsidiaries are drawn upto the same
reporting date as that of Parent bank i.e. 31st March 2014.

2.

The difference between cost to the parent bank of its investment


in the subsidiaries and Parent banks share in the equity of
the subsidiaries is recognised as goodwill/capital reserve.
Goodwill, if any, is written off immediately on its recognition.

3. Minority interest in the Consolidated Financial Statement


consists of the share of the minority shareholders in the net
equity of the subsidiaries.
4. Accounting for Investment in Associate companies is done
under Equity method in accordance with Accounting Standard
(AS) 23, Accounting for Investments in Associates in
Consolidated Financial Statements, issued by ICAI.
5. Accounting for Investments in Joint Venture are consolidated
on Proportionate basis as prescribed in Accounting Standard
(AS) 27, Financial Reporting of Interests in Joint Ventures
issued by ICAI.

152

/ BANK OF INDIA

3. amOd nhMmZ
3.1 ~qH$J H$nZr
(H$) gmm`V: Am`/`` H$m boImH$Z CnM` AmYma na {H$`m OmVm
h O~ VH$ {H$ A`Wm CboI Z {H$`m J`m hmo& {dXoer H$m`mb`m|
Ho$ g~Y | Cg g~{YV Xoe Ho$ WmZr` H$mZyZ Ho$ AZwgma Am`
{ZYm[aV H$s OmEJr&
(I) ^maVr` [aOd ~H$ Ho$ {Xem{ZX}em| Ho$ AZwgma {gdm` AZwnmXH$
AmpV`m| na `mO Ho$ {OgH$s dgybr hmoZo na {ZYmaU {H$`m OmVm
h, g` AZwnmV Ho$ AmYma na `mO Am` H$m {ZYmaU {H$`m OmVm h&
(J) ~H$ JmaQ>r Ama gmI n Omar H$aZo na H$reZ H$m CnM` ~rOr/
Ebgr Ho$ H$m`H$mb na hmoVm h&
(K) A` g^r H$reZ Ama {d{Z`, ~moH$aoO, ewH$ VWm A` ^mam|
Ho$ dgybr na Am` Ho$ $n | {ZYmaU {H$`m OmVm h&
(L>) n[andVm VH$ Ym[aV loUr | {Zdoe na Am` (`mO Ho$ Abmdm)
CgHo$ A{H$V y` na mV Ny>Q> na {ZZmZwgma {ZYm[aV H$s OmVr
h :
1. `mO XoZo dmbo {V^y{V`m| na Ho$db {~H$s/arSo>neZ Ho$ g`
hr BgH$m {ZYmaU {H$`m OmVm h&
2. Oramo-Hy$nZ {V^y{V`m| na {ZaVa {V$b Ho$ AmYma na
{V^y{V Ho$ eof n[andVm H$mb na BgH$m boImH$Z {H$`m
OmVm h&
(M) {Zdoem| H$s {~H$s go hE bm^ AWdm hm{Z H$mo bm^ VWm hm{Z ImVo
| m`Vm Xr OmVr h& VWm{n n[andVm VH$ Ym[aV loUr Ho$ VhV
{Zdoem| H$s {~H$s | bm^ H$s pW{V | H$am| Ho$ {Zdb Ama gm{d{YH$
amOd | AVaU Ho$ {bE Amd`H$ am{e Ho$ gmZ am{e H$mo nyOr
amOd ImVo | {d{Z`mo{OV {H$`m OmVm h&
(N>) bm^me mV H$aZo H$m A{YH$ma Wm{nV hmoZo na bm^me H$m
{ZYmaU {H$`m OmVm h&
(O) y`mH$Z AmXoe nmg H$aZo Ho$ df | Am`H$a- [a$S> na `mO H$m
{ZYmaU {H$`m OmVm h&
(P) EZnrE ImVm| go H$s JB dgybr H$m {d{Z`moOZ nhbo CYmaH$Vm Ho$
ImVo | So>{~Q> {H$E JE AmV `mO/Am`, {H$E JE ``/AmCQ>
Am$ nmHo$Q> `` CgHo$ ~mX ~H$m`m ybYZ Ama AV | A^m[aV
`mO | {d{Z`mo{OV H$s OmVr h&
3.2 Ja-~qH$J H$nZr :
~rm :
H$) r{` Am` :
r{` (godm H$a H$m {Zdb) O~ Xo` hmo V~ Am` Ho$ $n |
nhMmZr OmVr h& g~ H$mamo~ma Ho$ {bE ghm`H$ BH$mB`m {Z{V
H$s OmVr h V~ r{` H$s nhMmZ H$s OmVr h& Q>mn-An r{`m|
H$mo EH$b r{` Ho$ $n | OmZm OmVm h&
`nJV nm{b{g`m| H$mo r{` Am` Ho$ $n | nhMmZm OmVm h, O~
Bg H$ma H$s nm{b{g`m nwZ: ma^ hmo OmVr h&
I) g~ {Z{Y`m| go Am` :
g~ {Z{Y`m| go Am` dh h {Og| nm{bgr emg{ZH$ ^ma,
Zr{V emgH$s` ^ma, `w Xa ^ma, {Z{Y ~YZ ^ma Am{X
gp{bV hm| {Ogo Omar Zr{V`m| Ho$ {Z~YZm| VWm eVm] Ho$ AZwgma
dgyb {H$`m OmVm h Ama dgybr hmoZo na CZH$s nhMmZ H$s OmVr h&
J) nwZ~um r{` :
nwZ: ~rmH$Vm Ho$ gmW gJV g{Ynm| Ho$ {Z~YZ Ed eVm] Ho$ AZwgma
r{` Am` H$s nhMmZ Ho$ g` gmmV[aV nwZ~um r{` H$m
boImH$aU hmoVm h&

/ Annual Report 2013-14


3) REVENUE RECOGNITION:
3.1 Banking entities:
(a) Income/Expenditure is recognised on accrual basis,
unless otherwise stated. In respect of foreign offices,
income is recognised as per local laws of host country.
(b) Interest income is recognised on time proportion basis
except (i) interest on Non-performing Assets, which is
recognised on realisation, in terms of the RBI guidelines.
(c) Commission on issue of Bank Guarantee and Letter of
Credit is accrued over the tenure of BG/LC.
(d) All other Commission and Exchange, Brokerage, Fees and
other charges are recognised as income on realisation.
(e) Income (other than interest) on investments in Held to
Maturity category acquired at a discount to the face value,
is recognised as follows:
1.

On Interest bearing securities, it is recognised only at


the time of sale/ redemption.

2. On zero-coupon securities, it is accounted for over


the balance tenor of the security on a constant yield
basis.
(f) Profit or loss on sale of investments is recognised in the
Profit and Loss account. However, in case of profit on
sale of investments under Held to Maturity category, an
equivalent amount, net of taxes and amount required to
be transferred to Statutory Reserves, is appropriated to
Capital Reserve Account.
(g) Dividend is recognised when the right to receive the
dividend is established.
(h) Interest on Income-tax refund is recognised in the year of
passing of assessment order.
(i)

The recoveries made from NPA accounts are appropriated


first towards unrealised interest/income debited to
borrowers accounts, expenditure/out of pocket expenses
incurred, then principal dues and lastly towards uncharged
interest.

3.2 Non Banking entities:


Insurance:
a) Premium Income:

Premium (net of service tax) is recognised as income


when due. For linked business, premium is recognised
when the associated units are created. Top up premiums
are considered as single premium.

Premium on lapsed policies is recognised as income when


such policies are reinstated.

b) Income from linked funds:


Income from linked funds which includes policy


administrative charges, mortality charges, fund
management charges etc. are recovered from the linked
funds in accordance with the terms and conditions of
policy and recognised when recovered.

c) Reinsurance Premium:

153

Reinsurance Premium ceded is accounted for at the time


of recognition of premium income in accordance with
the terms and conditions of the relevant treaties with the
reinsurers.

/ BANK OF INDIA

/ Annual Report 2013-14

K) Xm bm^ (Xmdm| g{hV) :


Xm bm^ | nm{bgr bm^ VWm Xmdm gPmVm bmJV, `{X H$moB hmo,
OwS>m h&
nm{bgrYmaH$ go gyMZm H$s m{ na `w, gemoYZ VWm A`nU
Xmdo boImH$V {H$E OmVo h& O~ gh`moJr BH$mB`m {ZaV hmo OmVr
h V~ g~{YV `moOZmAm| | nm{bgr g~ AmhaU VWm gwnwXJr H$m
boImH$aU {H$`m OmVm h&
Xo` hmoZo na CmaOr{dVm bm^ Xmdo VWm n[an$Vm Xmdo boImH$V {H$E
OmVo h&
{Og Ad{Y | Xmdm| H$m {ZnQ>mZ {H$`m OmVm h, Cgr | Xmdm| na
nwZ~um dgy{b`m| H$m boImH$Z {H$`m OmVm h&
L>) A{YJhU bmJV :
A{YJhU bmJV dh bmJV h Omo w` $n go ~rm H$ama Ho$
A{YJhU go g~{YV hmoVr h Ama CZHo$ AZwn AbJ-AbJ hmoVr
h VWm {Og Ad{Y | Cn{MV hmoVr h IM H$s OmVr h&
W df XV H$reZ hoVw ^{d` | `{X H$moB H$a bJmH$a dgybr
hmoVr h, Vmo {Og df | dh dgyb {H$`m OmVm h Cgr df | CgH$m
boImH$Z {H$`m OmVm h&
M) OrdZ ~rm hoVw Xo`VmE :
^mdr OrdZ ~rm nm{b{g`m| VWm dh nm{bgr {OZH$m r{` ~X
hmo MwH$m h qH$Vw Xo`VmE h, hoVw ~rm{H$H$ Xo`VmAm| H$m {ZYmaU,
^maVr` gZXr ~rm{H$H$s gWmZ Ho$ {Z`m| VWm AmBAmaS>rE
{d{Z` ~rm A{Y{Z`, 1938 H$s Amd`H$VmAm|, drH$V
~rm{H$H$s `dhm` Ho$ AZwgaU | Am ~rm Ama{jV Umbr
gyh H$mamo~ma Ho$ mbo | gH$b r{` Umbr H$m Cn`moJ H$aVo
hE {Z`w$ ~rm{H$H$s mam, {H$`m OmVm h&
g~ Xo`VmAm| | nm{bgr Ho$ {Z{Y y` XemVo hE BH$mB Xo`Vm Ama
~rm Xmdm B`m{X Ho$ {bE Ja BH$mB Xo`Vm em{b h& `h {Z`wV
~rm{H$H$s mam {H$E JE ~rm{H$H$ y`mH$Z na AmYm[aV h&
4. A{J :
(H$) bmJy {d{Z`mH$ {Xem{ZX}em| Ho$ AZwgaU | A{J H$mo CnmXH$ Ama
AZwnmXH$ A{Jm| (EZnrE) Ho$ $n | dJuH$V {H$`m OmVm h&
(I) bmJy {d{Z`mH$ {Xem{ZX}em| Ho$ AZwgma AZOH$ AmpV`m| (EZnrE) H$mo
AmJo AdmZH$, g{XY VWm hm{Z AmpV`m| Ho$ $n | dJuH$V {H$`m J`m h&
(J) Kaoby emImAm| Ho$ g~Y | EZnrE go g~{YV mdYmZ ~H$ H$s Zr{V Ho$
AZwgma {deofH$a EZnrE H$m d[aV mdYmZrH$aU Ho$ AZwgma {H$`m J`m
h {OgH$m Xa {ZZmZwgma h :
EZnrE H$s loUr

d) Benefits paid (including claims):


Benefits paid comprise of policy benefits & claim settlement


costs, if any.

Death, rider & surrender claims are accounted for on


receipt of intimation from the policy holder. Withdrawals
& surrenders under linked policies are accounted for in
the respective schemes when the associated units are
cancelled.

Survival benefit claims and maturity claims are accounted


for when due.

Reinsurance recoveries on claims are accounted for in the


period in which claims are settled.

e) Acquisition Costs

Acquisition costs are costs that vary with and are primarily
related to acquisition of insurance contracts and are
expensed in the period in which they are incurred.

Claw back in future, if any, for the first year commission


paid, is accounted for in the year in which it is recovered.

f)

Liability for life policies:

Actuarial liability for life policies in force and for policies


in respect of which premium has been discontinued but a
liability exists, is determined by the Appointed Actuary using
the gross premium method and in case of group business
unearned premium reserve method, in accordance with
accepted actuarial practice, requirements of Insurance
Act, 1938, IRDA regulations and the stipulations of
Institute of Actuaries of India.

Linked liabilities comprise unit liability representing the


fund value of policies and non-unit liability for meeting
insurance claims etc. This is based on an actuarial
valuation carried out by the Appointed Actuary.

4) ADVANCES :
(a) Advances are classified into Performing and Non-Performing
Advances (NPAs) in accordance with the applicable regulatory
guidelines.
(b) NPAs are further classified into Sub-Standard, Doubtful and
Loss Assets in terms of applicable regulatory guidelines.
(c) In respect of domestic branches, Provisions in respect of NPAs
is made as per policy of the bank particularly in accelerated
provisioning for NPAs which is at the rate given as under:

{Zdb ~H$m`m A{J H$m %

Category of NPAs

% of net outstanding advance

AdmZH$ AmpV
H$) EgnmoOa, Omo Ama^ go Ja OmZVr h
I) A` *
g{XY :
H$) OmZVr {hgm (Cg Ad{Y Ho$ {bE {OgHo$ XmamZ A{J
g{XY loUr | hr ahm)
- EH$ df VH$
- EH$ df go VrZ df VH$
- VrZ df go A{YH$
I) Ja OmZVr {hgmh
hm{Z
* ~H$m`m A{J na

Sub Standard:
a) Exposures, which are unsecured ab initio

25%

b) Others*

15%

Doubtful:
a) Secured portion (Period for which advance has
remained in doubtful category)
- Upto one year

50%

- One year to three years

60%

- More than three years

100%

b) Unsecured portion

100%

Loss

100%

154

* On the outstanding advance

/ BANK OF INDIA

(K) {dXoer emImAm| Ho$ g~Y |, A{Jm| H$m EZnrE Ho$ $n | dJuH$aU
Ama EZnrE Ho$ g~Y | mdYmZ g~{YV {dXoer Xoe | bmJy {d{Z`mH$
Amd`H$VmAm| AWdm Kaoby emImAm| Ho$ {bE bmJy {Xem{ZX}em| Ho$
AZwgma hmoJr BZ| go Omo ^r H$S>o hmo&
(L>) ^maVr` [aOd ~H$ Ho$ mZH$m| Ho$ AZwgma {Zdb A{J Ho$ n[aH$bZ hoVw
Hw$b A{Jm| | go AZwnmXH$ AmpV`m, AdgybrH$V `mO, BgrOrgr
Xmdm {ZnQ>mZ B`m{X Ho$ g~Y | mdYmZ KQ>mE OmVo h&
(M) nwZ{ZYm[aV/nwZ:ga{MV ImVm| Ho$ g~Y | {dmZ y` pW{V |
AmH${bV `mO nwZga{MV A{J Ho$ y` | mg Ho$ n[a`mJ Ho$ {bE
^maVr` [aOd ~H$ Ho$ {Xem{ZX}em| Ho$ AZwgma mdYmZ {H$`m OmVm h&
{Zdb A{J Ho$ n[aH$bZ hoVw Bg mdYmZ H$mo KQ>m`m OmVm h&
(N>) AmpV nwZJR>Z H$nZr (EAmagr)/{V^y{VH$aU H$nZr (Eggr) H$mo
{dVr` AmpV`m ~oM XoZo Ho$ mbo | `{X {~H$s H$m y` {Zdb ~hr
y` (EZ~rdr) go A{YH$ h Vmo A{V[aV am{e H$mo aIm OmVm h Ama
Eggr/EAmagr H$mo A` {dVr` AmpV`m| H$s {~H$s | hmoZodmbr H$r/
hm{Z H$s ny{V hoVw Cn`moJ {H$`m OmVm h& `{X {~H$s {Zdb ~hr y`
(EZ~rdr) go ZrMo h (AWmV aIo JE mdYmZ go H$ ~H$m`m) Vmo H$r
H$mo bm^ Ed hm{Z ImVo | Zmo {H$`m OmVm h& `{X A{V[aV am{e
CnbY h Vmo Eogr H$r H$mo Cg| Inm`m OmEJm& 26.02.2014 H$mo
AWdm CgHo$ ~mX EZnrE H$s {~H$s go CnZ {H$gr ^r H$r H$mo `{X
A{V[aV am{e | Inm`m Zht OmVm h Vmo Cgo Xmo df H$s Ad{Y Ho$ {bE
n[aemo{YV {H$`m OmEJm&
EZnrE H$s {~H$s go mV A{V[aV mdYmZ H$mo V^r [adg {H$`m
OmEJm O~ AmpV H$m {Zdb ~hr y` mV ZH$Xr (Ho$db ma{^H$
{V$b mam/AWdm EgAmaEg/nrQ>rgr H$m arSo>neZ) go A{YH$ hmoJm&
A{V[aV mdYmZ H$m [adgb AmpV Ho$ EZ~rdr go A{YH$ mV ZH$Xr
Ho$ Cg hX VH$ gr{V hmoJr&
(O) ^maVr` [aOd ~H$ Ho$ {Xem{ZX}em| Ho$ AZwgma mZH$ AmpV`m| Ho$ $n
| dJuH$V nwZ:ga{MV A{Jm| g{hV mZH$ AmpV`m| H$m mdYmZ {H$`m
OmVm h&
(P) ^maVr` [aOd ~H$ Ho$ {Xem{ZX}em| Ho$ AZwgma {Zdb {Z{YH$ Xoe Ho$
EgnmoOa Ho$ {bE loUr~ Ho$b na mdYmZ {H$`m OmVm h&
5. AWm`r mdYmZ :