REGISTERED No. DL—33001/2001 The Gazette of India
PUBLISHED BY AUTHORITY
No. 46] NEW DELHI, SATURDAY, NOVEMBER 17, 2001 (KARTIKA 26, 1923) (Separate paging is given to this Part in order that it may be filed as a separate compilation)
[PART III —SECTION 4]
[Miscellaneous Notifications including Notifications, Orders, Advertisements and Notices issued by Statutory Bodies]
(5985)
l_329GI/2001 59S6P\RI I([ -Sic 4] TUF GA7LTTF OI INDIA NOVLMBFR 17,2001 (KARTIKA 26 1 W) 59K7 RLSFRVF BANK OF [NUT A
DEPARTMENT OI NON-BANKING SUPrRVISION CENTRAL Of-FICF, C'CN TRC 1 WORI D FRADL CFN1RI , CU1-FL PARADE C ol ABA Mumhai-400 005 the M s l O m ta 2001 No DNBS LSI/CGMlLMI") 2001— Hie Reseivt Bank ol India, having consideied it neeessaiv m ihe publiL uitoicsl and being satisfied thai loi the puiposi. ol enabling the Bank lo regulate the uedit system to the ailv.anl.age ol the eountiy, it is necessary to amend the Non Banking Financial Companies Acceptance ol Public Deposits (Rescive Bank) UiKcttons, 1498, m exeiuse of the powers eoniened b\ Sections 4iJ, 15K. 4SL ami 4SMA ol the Respive Bank ol India Act 19M (2 ol 19U) and ol all the powers enabling it in this behall, heieKv duetts that the said dnections contained in Notification No DFC 1 1H/DG (SP'l )/9X dated January M, 1998 stand amended, with immedi ite ellect, as lollows, namely—
In Paragraph 4, sub-paragraph (7) shall be subsinulaJ h) the following, namel)
'(7) On and ttom Novcmbei 1 2001 no non banking financial company shall invite oi accept oi icncw public deposit at a late ol mleiest exceeding twelve and a hall pet cent pei annum Inteiest nuv he paid oi compounded at lests which shall not be shoitci than monthly tests'
L M FONSFCA
Cluel Gcncial Managei-in Chaige No DNBS l52/CGM(LMri 2 n O I - - l he I^seive Bank ot" India, having consideied it necessan in the public lnLetest and being satisfied thai loi the puipose ol enabling the Bank lo legulate the u e du system to the advantage ol the country it is necessaiy to amend the Miscellaneous Non-Banking Companies iResene Bank) Directions, W77 in exejcise ol the poweis eoniened by Sections 451, 45K, and 45L ol the Reseive Bank ol India Act, U)U (21 ol \L)M) and ol all the povveis enablmj: it in this behall, heiehy dnccts that the said dneetions contained in Notification No DNBL W DG (H) 77 dated June 20 1977 stand amended, with immediate effect, as lollowt,, namely—
1 In Paragiaph ^A, lor tht word and liguies, Octohei M), 199S", the word & figuies No\embei 1, 2001 shall be substituted
2 In paiagraph 9A, in clause (a), 1oi the word (ouiieen , the woids twelve and a hall shall be substituted
I M FONSFCA Chiel Gencial Managei m-Chaice ANDHRA BANK
HIZAD OFHCE
H\derabad, the 4th lulv 2001
No 6d6/VlR/410—In exercise ol the povveis conlcncd by Section 19 ol the Banking Companies (Acquisition and lianslei ol Undertakings) Act, 1980 (40 ol I'M)), the Bonid ol Ditectors of Andhia Bank in consultation with the Reseue Bank ol India and with the pievunis sanction ol the Ccntial Government hereh\ makes the lollowmg Regulations (o amend the Andhia Bank Odicei Employees (Conduct I Regulations, I9H2 namely —
1 (i) These Regulations mav be called the Andhra Bank Ofdcei Fuiplovees (Conduct) Amendment Regulations, 2001
(n) They shall come into loice on the dale of then publication in the Olticial Ga/etle'
2 In the Andhia Bank Ollicei Fmplovees' (Conduct) Regulations, 1982, in regulation 20, loi sub-ieguhuion (4) the following shall be substituted namel\ —
(4) livery olhcei employee shall icpoit to the competent authority evei\ transaction concerning movable piopeilv owned oi held h\ him cilhei in his name oi in the name ol a memheT o1 his lamilv il the value ol such a propeitv exceeds Rs 25000/ Provided that the pievious sanction ol the competent authonty shall be obtained il any such liansadion is la) with a pel son having olfiual dealings with the Office) employee oi
(b) otheiwise than thiough a legulai oi reputed dealei'"!< THE GAZETT^ OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26 192i) [P\RT HI—Sic 4 [ iot Note —The amendments to the Pnncipul
(D in legulation 3, for sub-iegulation (1) the following
shall be substituted, namely —
! emulations weie published in the Ga/ettc of India as pei 'stalls given below
Mo Notification No
Dated
14
1
26 10 1990
'(1) Eveiy officei employee shall, at all times take all possible steps to enswe and piotect the inteiesls of the bank and dischaige his duties with utmost integnty, honesty, devotion and diligence and do nothing which is unbecoming ol an officei employee"
41
04 12 1990
1
18
02 05 1998
Oi) in legulation 3, after sub-regulation (3) the following
proviso shall be inserted, namely —
43
21 10 2000
17 01 2001
8
"Piovided wheievei such directions are oral in nature ihc same shall be eonfnmed in writing by his superior olficiai"
A V SURYANARAYANA RAO Geneial Managei (Personnel)
(m) in legulation 6, in sub-regulation (1), foi the existing
puniso, the following shall be substituted namely —
INDIAN BANK
HEAD OFFICE,
31 RAIAJI SALAI
Chennai-600 001 the 15th Octobci 2001
"Piovided that an officei employee may, without such sanction undertake honoiaiy woik of a social oi chantablc nature oi occasional work of a literary, aitistic, scientihc, piofessional, cultural, educational, religious oi social chaiactei sub|ect to the condition that his official duties do not theieby sutler but he shall not undeitake or shall discontinue such woik if so duected by the Competent Authonty alter lecording leasons foi the same '
(n ) in regulation 6, for sub-regulation (4). the following
shall be substituted, namely —
f o 223/SRC—In exercise ol the powcis tonlened by (•on 19 of the Banking Companies (Acquisition and i i kt of Undutakings) Act 1970 (5 ol 1970) the Boaid f i hdi Bank in consultation with the Reseive Bank ol ruin ml with the pievious sanction of the Cential ju>ein ricnt, heieby makes the following Regulations to menu the Indian Bank Otlieer Employees (Conduct) < -gulations, 1976 namely —
< !n These Regulations may be called the Indian Bank Jfticer Employees' (Conduct) Amendment Regulations, •000
"(4) No officer employee shall accept any payment, in the loim ol lee lemuneration, honoianum and the like in cash oi kind loi any woik done by him foi any public body or any private person without the sanction of the Competent Authonty'
• a) They shall come into toice on the date ol their
,"iiMication in the "Official Gazette"
' In the Indian Bank Oflicei Employees (Conduct)
SELVAM VEERARAGHAVAN Asstt General Manager (PL) filiations 19"76.—
PARI III—SEC 4] THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) 5989MUMBAJ C-24, 'Gv Block Bandra-Kurta Complex
P B. No. 8121
Bandr"(East)
Murabai-400 051 NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
Tel : 653 0094 Fax : 652 4877 E-mail : nabgnpd@bom5 vsnl nd.io 20 October 2001
No.GSR
In pursuance of Section 48(5) of the National Bank for Agriculture and
RL-al Development Act, 1981 (61 of 1981), the balance sheet for the National Bank for Agriculture and Rural Development as at 31 March
2001, the profit and loss account of the Bank for the year ended 31 March
2001 (April 2000 - Ma, jh 2001) and the report of the auditors for the year
are published herewith.
Amaresh Kumar (CGM & Secretary5990 THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) [PART III—SBC. 4 PART III—SEC. 4] THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) 5991
ANNUALACCOUNTS
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
V. SANKAR AIYAR & CO.
Chartered Accountant
Tel. : 200 4465, 206 7440 Fax : 91-22-2000649 E-mail : vsaflbornS.vsnl.net.in
2-C, Court Chambers, 35, New Marine Lines, Mumbai - 400 20
REPORT OF THE AUDITORS
We have audited the attached Balance Sheet of the National Bank for Agriculture and Rural Development as at 31** March 2001 and the Profit and Loss Account annexed thereto for the year ended on that date and report t h a t:
a. we have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit and have found them to be satisfactory;
b. the Balance Sheet and Profit and Loss Account have been drawn up in accordance with Schedule 'A' and Schedule 'B' of Chapter IV of the National Bank for Agriculture and Rural Development (Additional) General Regulations, 1984;
c. the returns received from the Head Office, Regional Offices, Sub-Office, Training Centres and Department of Supervision have been found adequate for the purpose of our audit;
d. in our opinion and to the best of our information and according to the explanations given to us:
(i) the Balance sheet read with the Significant Accounting Policies and the Notes thereon is a full and fair Balance Sheet containing all necessary particulars and is properly drawn up so as to exhibit a true and fair view of the state of affairs of the Bank as at 3 1" March 2001; and
(ii) the Profit and Loss Account read with the Significant Accounting Policies and the Notes thereon shows a true balance of the profit for the year ended 3 1" March 2001.
Mumbai, 15* June 2001
For V Sankar Aiyar & Co. Chartered Accountants
N. Sampath Ganesh (Partner) Delhi Office : 202-301, Satyam Cinema Complex, Ranjit Nagar Community Centre, New Delhi - 1 10 008, Te/..-570 5233/570 5232 E-mail : [email protected]
Chennai Office : C-3, II Floor, Rams Square, No.38, Valluvar Kottam High Road, Nungambakkam, Chennai - 600 034, Tel.: 823 4128/8234162 E-mail: [email protected].
5992 THF GAZHTTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) [PART III—SEC. 4 PART III—SEC. 4] THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) 5993NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
BALANCE SHEET AS AT 31 MARCH 2001
WfoORTASON
SCHEDULE
Sf.Ho.
31.3.2001
31.3.2000
PROPERTY AND ASSETS
f. Rs.
*. Rs.
1.
437,50,98.410
406,60.58,892
10
Cash and Bank Balances
2.
354,73,00,000
240.00,00,000
i fa afo 4IW ^JJWI *TC MRl^ -Ufftl Money at Call and Short Notice
3.
1242,83.29,030
1147,97.50,000
11
Investments
3![fiPT
4.
30174,78,98,752
12
35772,30,41,081
Advances
5.
197,98.04,099
266.45,24.211
13
Fixed Assets
6.
14
959,18,50,040
982,32,34.398
Other Assets
2—^20 GI/2001\ 5994 THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) [PART HI—SEC. 4 wnf.
wferftrASON
Sr. No.
SCHEDULE
31.3.2000
31.3.2001
FUNDS AND LIABILITIES
*. Rs.
*. Rs.
7.
5
344,14,75,467 178,2434,701 Other Funds
8.
6
5815.90,34,196
7613,33,73,109
awwftpff Deposits
9.
7
3613,71,61,000 2141,35,11,000 Bonds and Debentures
10.
7255,02,34,460 Borrowings
8
7738,64,97,007
11.
9
Current Liabilities and Provisions
750,95.14,890
887,02,61,439
33367,0230.331 Total
38815,66,08,582
17
^roradh;ni+f^*fc"iii( Commitments and Contingent Liabilities
Notes forming part of the Accounts • Schedule 18 As per our report of men date attached
J. M. Mathew
For V Sankar Aiyar & Co.
Chartered Accountants
Chief General Manager
N. Sampath Ganesh
Finance & Accounts Department
Partner
Mumbal, 15 June 2001
Mumbai. 15 June 2001PART III—SEC. 4] THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) 5995
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
BALANCE SHEET AS AT 31 MARCH 2001
* 3 S*
flftffcrfSTASON
l i f e. PROPERTY AND ASSETS
SCHEDULE
31.3.2001 SLS^OOO
*. Rs.
". Rs.
•rioFVIV/Brought forward
33367.02^0^31
38815^6^)8,682
Total
38815,66.08.582
33367,02^0,331
MACS. ChaUfMthl Rao
ta Nanda
OevlDayal
Jagefert C"poor
Managlr" Oirador
Chairman
Director
Director
^ , 1 5 ^ 1 2 0 01
MumtMi,15Juna2001
Amarash Kumar
^ .MR4 ^^ N a b o n al B a nk for Aflrictjlturo
*nd Rural Dovetopmont, Mumbal
5996 THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1921) [PART III—Sir. 4FOR THE YEAR ENDED
Sr. No.
31.3.2000
EXPENDITURE
SCHEDULE
31.3.2001
*. Rs.
*. Rs.
1.
15
1415.22,67,041 1082,36,05,623 Interest and Financial Charges Paid
2.
16
195,05,61,497 Establishment and Other Expenses
248,50.20,513
3.
Depreciation
27,17,42,423
23,74,91,482 4.
154,09,68,559
Profit for the year carried down
139.60,19,888
1440,76,78,490
1844.99,98,536PART III—SEC. 4] THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KART1KA 26, 1923) 5997
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2001
FOR THE YEAR ENDED
Si No.
, 31.3.2000
INCOME
31.3.2001
SCHEDULE
T. Rs.
v. Rs.
T. Rs.
1. WT, f&*\ JHlft *R BTfl * IH 0te*-i0*fa 11 "qq* 18 W)
Interest received on Loans, Investments, etc.
3028,43,08,978
2589,74,31,575
(Refer Notes B • 10 & 11 Schedule 18)
JIM^I
2.
Discount Received
8,06,63,961
14,19,12,419
,2603,93,43.994
3036,49,72,939
VZV(: PRRllfcfl if ftfll 111 sftTOR
Less: Contribution to
(") ^ T 4 " " I I " I P P W, 1981 * " J T O 4 2 * 3 i j r fn
•U^fVl JJ|ifl"l V.v\ (qiiiqrtl MWWH) RW
1150,00.00.000
1020,00,00.000
(a) National Rural Credit (LTD) Fund
under Section 42 of NABARD Act, 1981
( ") ^ t f a j H f t f t ^ M, 1981 * " n r r 43 %3^pf?T
iF$W UlMiui VI (ltfH)*
50,00.00,000
150.00.00,000
(b) National Rural Credit (Stabilisation) Fund
under Section 43 of NABARD Act, 1981
1433,93,43,994
1836,49,72,^39
SRSlfliwT
3.
Other Receipts
8,50,25.597
6.83.34,496
Total
1440,76,78,490
1844,99,98,5365998 THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) TPART in—SEC. 4
FOR THE YEAR ENDED
31.3.2001
31.3.2000
*. Rs.
* Rs.
ftRftlftH!*fj|nRfllft>
Transferred to:
15.00,00,000
Co-operative DevMopiinent Fund
25,00.00,000
Research and Development Fund
20,00.00.000
10,00.00,000
I ff ftm B
Micro Finance Development Fund
5,00.00,000
40,00,00,000
Foreign Currency Risk Fund
13,62,29,603
13.62..29.603
HRftniPlltj
Rasorw Fund
104.96,73,922
60,97,90,285
168.59,03.525
139,60.19,888
As per our report of even date attached
For V. Sankar Aiyar & Co.
J. M. Mathew
Chief General Manager
Chartered Accountants
Finance & Accounts Department
N. Sampath Ganesh
Partner
Mumbai, 15 June 2001
Mumbai, 15 June 2001
PART III—SEC. 4] THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) 5999
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
PROFIT AND LOSS APPROPRIATION ACCOUNT
FOR THE
YEAR ENDED
31.3.2001
31.3.2000
Micro Finance Development Fund
5,00.00,000
40,00,00,000
Foreign Currency Risk Fund
13,62,29,603
13.62..29.603
HRftniPlltj
Rasorw Fund
104.96,73,922
60,97,90,285
168.59,03.525
139,60.19,888
As per our report of even date attached
For V. Sankar Aiyar & Co.
J. M. Mathew
Chief General Manager
Chartered Accountants
Finance & Accounts Department
N. Sampath Ganesh
Partner
Mumbai, 15 June 2001
Mumbai, 15 June 2001
PART III—SEC. 4] THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) 5999NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
PROFIT AND LOSS APPROPRIATION ACCOUNT
FOR THE
YEAR ENDED
31.3.2001
31.3.2000
¥. RS.
v Rs.
Proft br the year brought down
139,60.19,888
154,09.68,559
^t$: UTO "ft* lift WlA it/% ^ ift &<{
Add: Withdrawals from tinds against expenditure
debited to Prolt & Lois A/c out ol/from
- Cooperative Development Fund (Refcr Schedule 1)
6,39.11,428
- *q*taH*ftcft"rcrftfti("gq^t 1W) Research and Development Fund (Refer Schedule 1)
7,03.75.575
Watershed Development Fund (Refer Schedule 5)
16.23.682
- ^p"-ftm ft*m Pifti (•*i^*iiJI 5 Wf) micro-Finance Development Fund (Refer Schedule 5)
90.24,281
-
139,60,19.888
168,59,03,525
YC Nanda
Devi Dayal
M.V.S. Chllapathi Rao
Jagduh Capoor
Chairman
Director
Director
Managing Director
$rf, 15 ¥12001
Mumbai. 15 June 2001
Amareth Kumar
COM A S#cretary. National Bank for Agriculture
"nd Rural Development, Mumbal
6000 THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) [PART III—Sre. 4SCHEDULE 1 - RESERVE FUND AND OTHER RESERVES
31.3.2001
w n iR ftPPiton
1.4.2000 ^ in
* */
Balance as
Tfwisfeijod
BatancMM
on 1.4.2000
on 31.3.2001
AddWons/
adfurimantt
during tneyoar
Tramtorad to P&L
ApproprWJon agdmt
. axpendtture Incumed
Appropriation
V. R".
T. Rn.
?. R".
?. R".
*. R".
i)
2478,08.95,381
104,06,73,922
RoMtvaFund
2583.05.60,303
•*HJtl*4H "JU ftqw w ft
ii)
20.00.00,000
20,76.00,861
rtfltasrcri & Pavaloprnant Fund
7,03,75,573
42,73,13,286
iii)
10,00,00,000
Sod Loon Assistance Fund fcr Margin Morwy
10,00,00,000
-
-
fM " " i i ™ *! o wl
iv)
I 6.00,00,000
AgrtcuKure & R um Enterprise Incutxtfcn Funt
5,00,00,000
-
-
v)
43,55,06,026
Cooperatlva Dmvlcpmant Fund
25,00.00,000
64,18,85,407
6,30,11,428
vi)
65,36.66,740
WfftgEift Foralgn Currency Risk Fund
13,62,20,603
67,83,13.768
8,84,15,416
vii)
Invwtment Fluctustlon R a w rw
103.67,29,000
103,67,29.000
viii) jiuftn J4l Aft CapiWRM"vtt
74,60,53.208
74,80.53,208
-
-
2812,26,34.124
ToW-Currant Y MT
163.50,03.525
8,84,13,416
13,42,87,003
2971,26,66,062
^ 1^
Prevloui^ar
2715.76,48338
00,60.10,888
14,42.70,150
2812,26,34,124
17,33.04,261*
* raprMentB wpondttum under the relevant Hinds
PART III—SEC. 4] THE GAZETTE OF INDIA, NOVEMBER P, 2001 (KARTIKA 26. 1923) 600iNATIONAL BANK FOR AGRICULTURE AMD RURAL DEVELOPMENT SCHEDULES TO BALANCE SHEET
FUNDS
SCHEDULE 2 - NATIONAL RURAL CREDIT
31.3.2001
1.4.2000
CorMbi"talv HABARO
* Cwtrfciaisn tsyRBl
Bmmtu&m on 1.4.2000
". Rs.
?. Rs.
?. Rs.
f. Rs.
12192,"B,00.000
1,00.03,0M
1150,00.00.000
11041,00,00,000
i) 1*! vf'l (4W<$I NRIWM) ft!*) NRC (Lang Term Operations) Find
1246,00,00.000
R3.00.00 K¥
1195,00,00,000 1.00.00.C90
NRC (Stabiiisation) Fund
i2oo,oaoo,coo 13"38,(",00,000
12236,00,00,000 2,00,00.000
Total-Current Year
122%,G0,00,O00
11O84.OO."),000 2,00,00,000
1170.00,00,00)
Previous year
3—329 GI/2001
6002 THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) | I \ R, 111—SEC. 4AGENCIES
SCHEDULE 3 - FUNDS OUT OF GRANTS RECEIVED FROM INTERNATIONAL
ftftf^
1.4.2000
31-3.2001
*Wfl
* *" Grants
Expendrtura/
Balanott
intereM
BalanoB
received
dtetxjreement/
as on
credH6d
as on
during the year
totheftjnd
adjutfment
1.4.2000
31.3J0O1
during the year
f. R".
?. Rs
T. R".
T. Ra.
*. Ra.
i) u^to 4* -
(%*-3 3?g^ftig^)
National Bank-SWISB Development
12,16,83,074
-
-
31,18,000
12,15,65,074
Cooperation Project
(Refer Note B-3 Schedule 18)
l i) "i*fl"i tJq^fi <"J
61,8O.7O,"3g
Rural Promotion Corpus Fund
61,60,70,669
III) HIHH ttq*-! "bUll'H Ml*l
-
-
-
7,10,78.127
29,28,08,933
27,56,27,465
5,38,96,658
Interest on RPCF
-
(Refer Note B-3 Schedute 18)
IV) WT afo faflfli *|5I RBl
CredK and Financial Service* Fund
1,60.87,749
3,43,27,802
W,03,90.5BQ
31,18.000
60,17,57,633
(Refer Note B-3 Scneduto 18)
National Bank - SDC VII Fund
52,51,030
52,51.030
vi) flkiWil ft*W ^J
KfW Fund tor Wateraned
24,58,99,488
24,12,28.173
"S,73,315
OWBtopfTMTit
vii) ^iftqitll
KtW - NABARD V Find for
Aoftmi Prtnyamme
6,78.24,311
1,00.840
18,06.043
5,63.39,040
1.33.98.163
viii) iftWt- dln-Hifn* Mft*i)'Wi ftfir -
-
CEC-BAJF Project Fund
2,53.63.387
13,42,07,534
10,88^3,937
Total - C u r r a* Year
168^9.08,413
160,36,37,860
45,10.49.333
47,94,91,568
10.55,12.778
160.58,37^(80
32,84^1.121
32,60,88,966
151,62,33.949
ICTtlrf •Itl "W Previous yeor
8.02.71.776
PART III--SE, 4J THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) 6003NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SCHEDULES TO BALANCE SHEET
, DONATIONS AND BENEFACTIONS
SCHEDULE 4 - GIFTS, GRANTS,
31.3,2001
1.4.2000
"Hl4lftfl
Grant received
during the year
Adjujtodaoamst
th> •tfjendbjra
VtTtf BaUnxm on 3 1 ^ ^ 0 01 Balance as on 1.4^000
Intenmt Adjurtmente
cradled duringthayaar
*. Rs.
V. Rs.
V. Rs
T. Rs.
*. Rs. V. R".
3T.
i) ^ ^ r ^ t ^- MI-4I°I ^>"fl"-^ *iR''^t^'ii
68,37545
68,37,243
SDC-Rural Narv**ni Project
A.
_
iii) ^^r**iR1%3iiR
_
iv) ^ft?ii'w^3?t%ftit
v) ifey^*^- *if - IX wiftiNft
vi) T£ ^W"1#. m^"! ftffl if"iRW
- Vii)3Rf
-
- 3TT.
B.
-
- J. C.
-
Asm
H
t
1990
D
- - THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) [PARI III—SEC 4 SfMEOTLE 5 - OTHER FUNDS
31 3.2001
\A3.m
Balance as
BtpendNure/ TnnafarBdtoPM.
•Mtments
on 31 32001
Bstanoea* m 1 4 2 0 00
dUburaenwnt Appropriation against
Traneterred
fcrxnPJu
Approprfattofi
dutngthayw-
dutog the year oxpenciture tncuiBd
V. R"
?. Ra ?. Fl"
*. Rs
V. R".
• u n i ts ffcisraftftf
i)
16.23,682
190.67.52,637
1023,681
- 104.78,71.000
65^1^8.400
WMorahed Dew"fc*mon" Fund
")
83,19.51,438
40,00,00,000
00,24,281
90,24^81
5.00.00,000
•40.00,00.000
mlcftvfTnuvm Omietopmarl Fund
i c i r i r f t ^ W) W s r f f t i ' r tl ^ J RI • 4 1 R B H)
iii)
i r t w wi n"lw"rdU Find -
55.28,67.310
41,53,39,062
13.73,27,648
i\>
4,68^2,314
5,01,04.227
6,322
-
4 2 , 8 6 35
-
(ntonwt DWuwmid Fund • ( l a w)
(>^BBT Note a-? SctocMo 19)
V)
8 7 9 9 8 55
1 05 28 404
34 15 631
2 6 8 7 ^ 82
344,14,75,467
163,37,08.844
1,40,70,115
1,06.47,963
17B.24,&*,TO1
5.00,00,00,1
9.51.30,957
178.24,84,701
-
17,64,80,820
130.11.34.838 40.00,00.000
PART I I I ^ S E C. 4] THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) 6005NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
SCHEDULES TO BALANCE SHEET
SCHEDULE 6 - DEPOSITS
3 1 J . 2 0 01 ^
313.2000 ^
As on
31.3.2000
31.3.2001
?. Rs.
?. Rs.
i) fc-K*H*K
13,17.81,000
13.17,81,000
Cvtntf GovamffMnt
ii) TOTOR
3,81.28,000
3,8118,000
iii) *m*iPrif
TMCompanlei
18S,7J, 14,109
213.^7,25,196
iv) ^Hw
C c m m w d * B " *" (Priority Sector ShortWI)
159,4^00,000
158.42,00,000
ComnwrcM Bm*" (Dopoatts i r t ar RIOF)
7251,19,50,000
5425,62,00.000
7613,33,73,109
5815,90,34,196
ToM6006 THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) \Pw IH—Sri 4
SCHEDULE 7 - BONDS AND DEBENTURES
31.3.2000 qil
31.3.20G1 <*t
A$ on
31.3.2000
31.3^001
^. R".
^. Rs i)
1064,15,11,000
1064,15,11,000
SLR Bonds
ii)
300.00,00,000
300,00,00.000
iii)
663,70.00,000
686,70.00.000
Tax Free Bond*
JIt"lft*fll ^
Priority S " t or Taxable Bends
iv)
70,50,00,000
70,50,00,000
Other Ttoo*te B o n*
v)
Capftd Odns Bonda
1472,36,50,000
3613.71.61,000
2141.35,11.000
Total
PARi III—SEC. 4] THE GAZETTE OF INDIA, NOVFVTBER i7, 2001 (KARTIKA 26, 1923) 6007NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SCHEDULES TO BALANCE SHEET
SCHEDULE 8 - BORROWINGS
31.3.2001 ti 3UJZ000^
As on
31.3J0O1
31.3.2000
T. R".
V. R J.
i) &sm*n^
867,55,49.907
917,40,43,460
From Central Government
ii) HRRrw"i'rc*ir%fl!f?T*m
From RBI inder General Une of Credit
6090,94.82,000
6684,04.30,000
-
203,00,00.000
From Term Money Market - In India
i v)
241,14.60.500
From Intamational Sendee - Outside India
250.48,61.000
7738,64.97,007
7235.02,34,460
Total
6008 THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KAHTIKA 26, \921) [PMSCHEDULE 9 - CURRENT LIABILITIES AND PROVISIONS
31.3.2000 ^t
31.3.2001 ^
As on
313 2000
31.3.2001
*. Rs
^. Re.
i) Wqi
Irttrait Accrued but not dua on
t) MKH avw ^ 5l*T
20,43.46,181
t) Loans torn C e nM Government
19,33.73,373
b) Borrowing t an RBI ureter Qtnai Una of Credit
181,48,80,953
170,11,20,045
c) Bond*
48,52,35,273
71,30,18,937
^) ^PT 4isPi*iI lit -JiHwftwT
d) Tea Deports
20,09,95,204
10,89.03,479
T.) %^r *fl< w *K*)iI ^ ammfti^rt
") Oopmtts t on C a nM and State Governments
29,32,678
29,32,676
f) B
46,96,614
45.21,505
g) Deposits under RIDF
122,46,36,807
174,55,58,586
h) DoposltsundarPrtortty Sector ShortUl
8,69,54,998
8,69,54,998
1) BonvNvlno" from Term Money Mario*
?,40,58,767
-
476,01,44,507
383,49,78,565
Smdry Cmditors
90,66,91,086
67,98,16,132
PnMWonfo Gratuity
52,19,29.287
64,70.67,570
iV) ^hR%Rm"W"IH
(^fe*-5(*) 3^5(13) S"5qj*H8 W)
PmMan for Pension
40,54,50,441
33,14,98,720
(FWerNoteEW
V) MW\W "MqqJ^i ^ ^ t ^ W ^ J J l W IR
PiwWonfarEnMrfmirtofOrelnwyLBavo
20.97,10,430
11.67,44,178
vi) jn"r^",fa:*#"i^1tTift'rcOTK$nf
^ t ^ n ^M n w " M r f i— 1 i w h t f fj M S J M I I I UW rf • i i r f i u il
vrfiwi1"^ i n x r aj |n^B% W ^ W I T OK mopim
UornMwn' •dvfflnot scoountt on raflNntkm
99,99,77.188
78,49.64,156
WH't^^lPlT'TWCwrtedFojwwd
792,90.41,224 31.3.2001 ^
636.97,31,040 31.3.2000 aftPART m—SEC. 4] THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) 6004 NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SCHEDULES TO BALANCE SHEET
SCHEDULE 9 - CURRENT UABILJTIES AND PROVISIONS
As on
313.2000
31.3.2001
¥. Rs.
S. Rs.
782,00,41^24
636.07,3 VW
Wt WWI 'KUftfevught Forwanl
0fcr*-<5(") ITO6(1) w^jft 18 W)
1,02.75.280
2,74^9,899
UicWmad Irtamt on Bond*
managed by RBI pv contra
(R"*orNot"B-0(b)*6(C) 8ch*k*"18)
Viii) lt^R*WWIf<1"ll1
27,14,292
03,66,310
UncWnNd M M wt on Bcnda
ix) MRHW vii ^PM w w j yi
3.55,000
19,65,00,000
Bcndi mvturtd but notcWmdd
(FWbr Note B-fi(t)ft "(c) SchwUa 18)
rTCMVOnB •u (^OruiBvnCMS
(a) Agskwt Non-F*tjm*ia AM"ts
97,84,672
17.63,63,274
^) 1 1 1* sflWl1)! fl
75.39,31,004
89,42.84,334
(b) Ag^ntt SUndwd AsMtt
*?
750,95,14,890
887,02,81,430
4—329 G1/20016010 THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) [PART III—SEC. 4
SCHEDULE 10 - CASH AND BANK BALANCES
31.3.2001 "5f
31.3.2000 ^1
A"on
31.3J2OOO
31.^2001
T. R*.
V. RS.
(i) ifcfito
Cash en hand
70.306
72,920
(ii) *iK
Balance wtth Reserve Bar* of India
08,63,71.580
100,31,^.531
(iii) w
3lfit*l-(J|li4l8l1R^rai5lfl^ll4l"'II'H
(%*-6(*r) jrfK^ #$$ 18 M)
BdancM vutth RBMTV" Bank of I n d a-
Unclaimed interaat on Bonds per contra
1,02,76780
2.74^9.600
(Refer Note &"
(IV) *ITOv33Tar*#if^PIT?to
Balances with other BanKs m India
a) On Curant Account
81,62,38,636
20,82,88.070
b) On Deposit Aocountt
114,40.97,184
236,00,00.000
(v) Hi'fw ilnv\
Remittances In transit
183,20,75,000
21.21,40.000
3lfit*l-(J|li4l8l1R^rai5lfl^ll4l"'II'H
(%*-6(*r) jrfK^ #$$ 18 M)
BdancM vutth RBMTV" Bank of I n d a-
Unclaimed interaat on Bonds per contra
1,02,76780
2.74^9.600
(Refer Note &"
(IV) *ITOv33Tar*#if^PIT?to
Balances with other BanKs m India
a) On Curant Account
81,62,38,636
20,82,88.070
b) On Deposit Aocountt
114,40.97,184
236,00,00.000
(v) Hi'fw ilnv\
Remittances In transit
183,20,75,000
21.21,40.000
%
Total
408.00,68,882
437,50,06.410
PART III—SEC. 4] THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) 6011NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
SCHEDULES TO BALANCE SHEET
| SCHEDULE 11 • INVESTMENTS |
| 31.3.2000 l i t 31.3.2001 ^ At on 31.3.2000 31.3^001 * . R". f. R". |
| (i) <>rft W*K $i HfiejJM ( ^ i ) 1131.37.90,000 1210.73,60.000 SacurWea of Central Government (Quotad) 3*ft?T'j?TV. FaceVWuoRa. 1211,11.00,000 (fow^irf 5. Previous year R*. 1200,47,00,000) WJR i j w *, Market VWue Re. 1216,01,00,000 (ft"^Brf^. Ptw4ou"yo"Ra. 1278,36,00.000) (Refer Note B-7 ScheAJe18) (ii) ^raHTftRT(^") 15,49,70,030 - Treasury BlUtt (Quoted) 3 * t e t f I ? . ^ F a c " Value R". Nil (ftwtfl'f ?. Previous year Rs. 18,80,76,000) (iii) U,ilk.*+(l - (lto |
| *"m^l 12 - siftnr SCHEDULE 12 • ADVANCES 31.3.2001 ^ 31.3.2000 tf As on 31.3.2001 31.3.2000 f. Rs. *. R". |
| I. jnWffl v i fMnanc* Loam: l) |
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
SCHEDULES TO BALANCE SHEET
| M ^ f f t 13 • i*w\ *uH | |
| 31.3.2001 ^ 31.3.2000 ^ As on 31.3.2001 31.3.2000 V. R". T. Re. | |
| "i ^!*r: u>! WIPOT TR W m£ n (win % *^HH) (Rte*-9{*) "lfo9(*) "3q* 18 W) A. LAND: Frarfiold & LMMhdd ( * ooit) (Refer Note B4(")"0(b) Schadula18) 103,19.42,627 104.S4,14,927 As pwLMt Account 3.37,54,907 1,34,72,300 AddtkratefuilnMnls during thi ywr 104.54.14.027 107,91,69,834 10.89.06.124 7,67^4,700 L M . nmonwuun c> H M M pranva 97,01^3,710 M,MIM,227 0te*.9(*). 9(") 3Jk9(^) argqylt 18 * * ) B. PREMISES: (Mcori) (RatorNali&"W,O(b)&S(c) SchadulalB) A" par L"t Account 126,63,39,678 100,87.67.005 AddWora/"4u>lnMnls durtng ffw ywr 60,04,53.743 25,75,72,873 186,68,03,621 126.63,39,878 45,56,57,693 56,04,43,328 LMS.' D^xvcWlan to (Ma 1M,t3,M^93 81,06,82,188 f. 1 i # W s ( k ^ P R ( W W R ) C. FURNTTURE 4 FIXTURES ( * " * t ) AapvLMt Account 19,65,74,693 25,18,54,064 5,83^8,517 Addtkra/KMinMnti during tho y"ar 18,79,12,590 43.97,67,574 25,49,03,210 86.32,867 LBM: COM ofMMt toWwittMn of 30,48.226 43,11,34,707 25,18,54,964 L M K DsptvcWlon to (Ma 15,15,55,050 20,84,43,636 10.02,99,934 22,26^1,071 249,92,35,074 " n l ^ WIT '•nvCartad FarvMnJ 187,96,72,346 |
| 3l"i^J"fl 13 - <*W W "tift |
| 31JJ2000^ 313J001 ^ Aaon 31.3J001 31.3.2000 T. Rt. 7. Rt. |
| : DeprecMkm to dtfa 23^8,11,244 17.81^3,017 1M4^t,922 E VEHICLES At par LMt Account 1.00,43,303 1,43,02,206 11 *f ift'flf'VtlHI'ilflH AddKkvw/acluitiiwntc during the year 30,60,063 61.22,055 2^4^3.163 2^9,33.286 Lew: Cost of m e t aoWtMiitten off 24,81.860 19,95^19 1*9,43,303 2.10^8,047 Leu: Depreciation to date 90.31.399 1.11.08.832 1,0M1,"04 % T oM 7M 1B.H J11 1t7J8,O4IO0tt |
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
SCHEDULES TO BALANCE SHEET
| SCHEDULE 14 - OTHER ASSETS |
| 31.3.2000 tf 313.2001 ^ Aion 31.3.2000 31.3J001 T. R". T. R". ^. R". |
| (l) "Hp!"o • q i * 828,18,08^01 Accrued Interaat 767,07.08,140 (ii) njurftpff% HW -MniftwT Depotrtwtttil-andkjrdt 1.19,13,290 1,92,08,464 (iii) ww |
| SCHEDULE 14 • OTHER ASSETS | ||
| 313.2001 ^ 313^000^ Aeon 31.3^001 31.3.2000 ". Ri. T. Re. * . Re. | ||
| 865,58,22,811 28,80,031 978,03,02,000 |
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
SCHEDULES TO BALANCE SHEET
W^JJVII 15 • H\H\ \9tW *W W HI 4iK I4"M
SCHEDULE 16 - INTEREST AND FINANCIAL CHARGES PAID
313.2001 ^ 3 1 3 . 2 0 0 0^ For the Year Ended
31.3.2001
31.3.2000
v Rv
MnwtPildm (i) tesOTsrcttpi
*. R".
64,47,60,873
69,61,66,891
I on two Cam* Owetmart
(ii) wdUrferfto^flniin^atm
281,25,20.671
Banawtngs ftm" Ramrva B M* C( I n to
335,13,68,521
(iii) ft"
Bands
273,96,16,800
197,23,49.050
(iv) frft%4fa'h
i -
BonoMlngt uncMr Rapo
2,83,03,399 ]
S p MM lamx D^x"tt" from C"ntr*
1,16.93,630
and SWsOoMnvnants
1.33,62,590
(vi) qw itfi^^^wroftwt
20,17,83,640
19,97,45,886
(vii) BwPwsmjipn^r^wft^wfl'VuMKiftwT CXptMk* uvMr Prtorty Sartor ShortM 18,33,33,000
18,33.33,000
(viii) ^gifta(kf6rt^TOTW*f
Gratuity & M a d e* Fund
6.01,95,933
3,17,72,024
(U) H"lR^"lR'^Ril990
-
18,24,091
BcntMtng* In Torm Monay Martwt
7,43,31,093
10.43,91,238
(xi) *lrt-*5jV*i ".-iR"*ir^ftm>in;3tm
Bocrowfe^a from trimwOonX Agenctm
18,27,93,788
18,27,93,788
(xii) iii*H"i w m K ^i <$ton ft1)!
Deport* under R1OF
656,99.02.062
445,84,67,867
(xiii) nrttaxtafti&TOftfli
Rural PiomuUm Caput Fund
7.10.78,127
7.10,78,177
(xiv) WT3taftatoi&Hi(Ptfo
CrecR " v) FkWKW Som
3.43,27,802
1.80.20,260
(XV) T^*#VIIiRjftaRT
-
1.73.380
SOCVllPrqJoct
-
(xvii) &(H>"wtit-rt-IX"i"4>pfaq
9 !
KIW - NB - IX Atftvnl OovHopment Proflfamie
S,83,9B5
- OiMount, Brok*r*B" i nd CommlMton on Bond* 2,81,35,559
2,52,65,589
1415.2Z87.041
Tot*
1062,36,05,623
- (V) *?5«fttXI«IW«R^ A.R.D.RSctwm.1000 (x) 'fanfrijKi*FsiR^ftm*m3ro (xvi) ^f#-*^sRi(n«Bftitr CEOBAIFFuid I I. YtY iITV↩
5—329 GI/20016018 THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) [PART III—SEC. 4
| *<3 | |
| 3 1 J . 2 0 0 0 * 313.2001 • ) ForfwVHrBKtod 31JJ0OO 31^2001 *. Ra. ,i. to. | |
| (i) %FTtwrtwt 11Z2fl,10^01 12977,73^10 StfariHandAnowanost (ii) " i * ^ItiflWfli Prt*f 3 JUTRR (;te*-5(^) 3ta5(") " f 3 q * 18 *dD Contribution to Staff Superannuate! Funds 42,e"\ofl^ie 2Z61^B,847 (Re*jrNotoW(a)A5(b) SchadutoiS) (iii) PrtmS *ih wflift w^if >*ft 4s"f ^ tMftifl irai | |
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
SCHEDULES TO BALANCE SHEET
| SCHEDULE 17 • COMMITMENTS AND CONTINGENT LIABILITIES |
| 3 1 . 3 . 2 0 0 0 ^ 3U.2001 ^t A* on 31.3J000 31.3.3001 |
| Pwifcn ftm "I^I %ftm in CammNmente on account of capital contract 1262 1&30 rematntng to teaecutod CONTINGENT LIABILITIES (i) ftwnwiifartf%ft>rf"t$3MftiRw Ctafcm tor addttlanal paymanto towanli construction 7 JO 2&Q2 of pranriM undar dtaputo (ii) * I 4 < K " *Jft |
SCHEDULE -18
A. Significant Accounting Policies
1. General
1.1 The accounts have been prepared on the historical cost convention.
3.4. Depreciation for the entire financial year is charged on all fixed assets held on the balance sheet date.
2. Income and expenditure
2.1. Income and expenditure are accounted on accrual basis except the following, which are accounted on cash basis:
(i) Interest on non-performing assets identified as per RBI guidelines.
(ii) Income by way of penal interest charged due to delayed receipt of loan dues or non-compliance with terms of loan.
(iii) Interest on all staff loans other than housing loans.
3.5. Depreciation on computers, motor vehicles, office equipments, furniture, electrical fittings, etc. is charged on straight line basis. In respect of assets added on or before 31 March 1999, the written down values as on 31 March 99 are considered as their original cost for application of the rates under straight line method.
3.6. Depreciation on premises is charged on written down value basis.
3.7. Amortisation of lease premium paid on lease hold land is done at higher of 5% on written down value basis or the amount derived by amortising the premium over the lease period on straight line basis.
4. Investments
(iv) Service charges on loans given out of Rural Promotion Corpus Fund (RPCF), Credit and Financial Services Fund (CFSF), Agriculture and Rural Incubation Enterprises Fund (ARIEF) and KfW- NABARD V Fund for Adivasi Programme.
(v) Share of interest waiver in respect of Model Failed Wells Compensation scheme waived by participating banks.
(vi) Expenses not exceeding Rs.10,000/- at each location under a single head of expenditure.
2.2. Interest income is accounted net of provisions for non-performing assets and standard assets identified as per RBI guidelines.
2.3. Interest receivable on deferred instalments of interest is accounted as income on the due dates of the instalments.
2.4. Issue expenses relating to floatation of bonds are recognised as expenditure of the year in which the bonds are issued.
4.1. The investment portfolio is classified under three categories, viz. 'Held to Maturity', 'Available for Sale' and 'Held for Trading'. The investments under Held to Maturity do not exceed 25% of the total investments. The investments under this category are carried at acquisition cost unless it is more than the face value, in which case the premium, if any, is amortised over the period remaining to maturity. The investments under 'Available for Sale" and 'Held for Trading' are marked to market at prescribed intervals. While only net depreciation, if any, is provided for investments under "Available for sale", depreciation or appreciation is recognised for investments under "Held for Trading".
4.2. Investments are reported at cost and provision for depreciation/diminution, if any, in value of investments is included under Current Liabilities and Provisions.
4.3. Repos and Reverse Repos are accounted as borrowing and lending transactions. The interest implicit in such transactions is recognised as interest expenditure and income.
3. Fixed Assets and Depreciation
5. Provisions for loans and advances
3. 1. Fixed assets are stated at cost.
3.2. Land includes free hold and lease hold land.
3 3. Premises include land where segregated values are not readily available.
5.1. Advances are classified as Standard, Sub- Standard, Doubtful and Loss Assets and the required provision is made as per the guidelines issued by RBI from time to time.
6022 THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) [PART III—SEC. 4 PART III—SEC. 4] THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) 60236. Bills redlscounted
6.1. Bills rediscounted are reflected under advances net of full discount. Discount income accounted for the period from the date of rediscounting to the end of the year has been reflected under "Other Assets" as "Discount Receivable".
pension optees (which is now part of Pension Fund) are maintained with RBI. The provision for pension is made based on actuarial valuation after considering the aforesaid balance with RBI. 8.5. Provision for Encashment of Ordinary Leave is made on the basis of actuarial valuation.
7. Foreign Currency Transactions
B. Notes forming part of the Balance Sheet
and Profit and Loss Account
7.1. The Foreign Currency loans are reported at the closing exchange rate prevailing on the balance sheet date.
7.2. The loan liability in rupee terms as on the transaction day, is compared with the restated loan liability on the balance sheet date. On such comparison, exchange loss, if any, is charged to "Interest Differential Fund - Forex Risk" in terms of the agreement with the lenders viz. Kreditanstalt fur Wiederaufbau (KfW), Germany. Exchange gain, if any, on such comparison is credited to Foreign Currency Risk Fund (refer para 7.3).
7.3. Foreign Currency Risk Fund has been created out of appropriation of the Bank's profits to meet any exchange loss in excess of balance available in "Interest Differential Fund-Forex Risk".
1. In the past few years, sums aggregating Rs.1500 crore have been received from RBI and Government of India as advance towards capital. These are continued to be reflected as Advance towards Capital pending issuance of notification by Government of India enhancing the capital.
2. In terms of TAWA Command Area Development Project Agreement, interest chargeable by the Government of India on loans to NABARD at 6.5% per annum has been accounted to the extent of 4.5% by credit to the "Interest Differential Fund" to be utilised for certain specified purposes and the balance of 2% has been paid to Government of India.
8. Payments and Provisions to Employees
8.1. The bank has a Provident Fund Scheme managed by RBI. Contributions under the scheme are provided and paid to RBI.
8.2. Gratuity fund is an integral part of the operations of the Bank and interest at 12% per annum is provided on the annual balance outstanding to the credit of the Fund. The Fund balance is reflected under Current Liabilities and Provisions.
8.3. Provision for gratuity is made on the basis of liability as determined by actuarial valuation after considering the interest provision on gratuity fund referred to in para 8.2 above and without deducting the amount to be borne by RBI in respect of employees who are transferred from RBI. The amount of gratuity due from RBI is accounted for as and when received.
8.4. The bank has a pension scheme for its employees. The amounts representing employees' contribution to Provident Fund relating to the 3. The amount of Rs.0.31 crore has been transferred from "NBSDC project to Credit and Financial Services Fund as per Memorandum of Agreement dated 29th March 1996 between Swiss Development Corporation (SDC) and the Bank. Interest @ 11.5% per annum for the year 2000- 01 on unutilised balances of CFSF and RPCF corpus respectively have been credited to the funds.
4. As per the Agricultural and Rural Debt Relief Scheme 1990, the Bank was acting as a channelising agent for disbursing the funds received from RBI towards grants to RRBs and loans/grants to State Cooperative Banks and State Land Development Banks.
5(a). Actuarial valuation of the pension liability is generally done every alternate year. The last valuation has been done as on 31 March 2001. 5(b).ln the absence of details of the balance of Pension Fund lying with RBI (Refer significant accounting policy para 8.4) as on 31.3.2001, the amount has been estimated and provision for pension is made after considering such estimated amount.
6024 THE GAZETTE OF INDTA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) |PARI III—SEC 4 PART III—SEC. 4] THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) f.025other Legal Documents have not yet been executed in favour of the Bank because of certain procedural delays being faced in connection therewith.
6(a). In respect of Bonds issued by the bank which are managed by RBI, the accounting of the collections and redemption of the bonds are based on advices received from RBI.
9(b). In respect of 'Land' and 'Premises', whose cost is Rs.27.40 crore, conveyancing is yet to be done, pending settlement of legal disputes with the vendors.
6(b). The interest payable on Bonds managed by RBI Is transferred on the due date to a special account maintained with RBI to which Interest claims are debited when paid by RBI. As at the year end, the balances in the aforesaid account is reflected as balance with RBI and an equal amount is reflected as Unclaimed Interest Liability.
6(c). The balances of the accounts referred to in para (a) and (b) above are subject to reconciliation and adjustments, if any.
9(c). Claim of Rs.25.37 crore towards compensation for damages, etc. have been made on the Bank by a building contractor on whom the Bank has made counter claims of Rs. 12.93 crore for defective work, delays, etc. In the opinion of the Bank, the contractor's claim is not as per the terms of the contract. However, the claim of the contractor is being scrutinised by the Proj<\ t Management Consultants. Accounting adjustments, if necessary, will be made on settlement of the claims.
10. "Interest received on Loans, Investments, etc." in the profit and loss account is net of the following:
1 U .'Vi'J
2000 01
SNo.
(74 79) (ROM
1 2 3
5 56 (17 24) 14 04 2 36
C 4 1,
Income deracogqised Provision lor NPAs Provision lor Standard accounts
7. The Bank has revised its accounting policy for classification and valuation of investments, pursuant to the revision in the guidelines issued by the Reserve Bank of India in November 2000. In the earlier year, investments in Government of India securities were treated as current investments and were valued at lower of aggregate cost or year end market rates/YTM basis. Other investments were carried at cost. During the year, the classification and valuation of investments have been done based on the revised guidelines set out in para 4.1 of Significant Accounting Policies. Accordingly,
Figures in parentheses indicate write back of excess provision or recognition of IPCG ,IR derecognised in previous year.
i) Investments in the equity of Agri Development Finance Companies (ADFCs) and Agriculture Finance Corporation (AFC) have been categorised as 'Held to Maturity'
11. Prior period items included in the profit and loss account are as follows:
("Rs crore) II) All investments in Government of India securities have been categorised as 'Available for Sale'
( ) 0 5I
(1) Interest Received (il) Depreciation
[Rs ( )I 32 crora] [Rs 7 33 crore]
0 41
The aforesaid change has no impact on the profits of the year.
12. Capital adequacy ratio of the Bank as on 31.3.2001 is 38.51 % (44.42 %) as against a minimum of 9% stipulated by RBI.
13. Figures in the Balance Sheet and Profit and Loss Account are rounded off to the nearest rupee
14. In notes 8, 11 and 12 above, the figures in parentheses are in respect of the previous year.
8. The Bank has made payments towards subscription of debentures issued by various State Land Development Banks/Land Mortgage Banks and these are included under "Advances - Other Investment Credit - Medium Term and Long Term Project Loans". The value of Allotment Letters/ Debenture Scrips yet to be received as on date aggregates Rs.47.27 crore (Rs.1.09 crore).
15. The following additional information is disclosed in terms of RBI circular (Ref.No.DBS.FID.C-18/01.02.00/2000-01 dated March 23, 2001) :
9(a). 'Land' and 'Premises' include an aggregate amount of Rs.30.30 crore paid towards Office Premises and Staff Quarters at various locations in respect of which conveyance deeds/
b—^29 GI/200J6026 THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) [PART III—SEC. 4 ART HI—SEC. 4] THE GAZETTE OF INDIA, NOVEMBER 17, 2001 (KARTIKA 26, 1923) 6027 (g) Provisions made during the year :
A. Capital
| Provision* against Rs. In crore SNo |
| 14.04 Standard As""ts -16.68 Non-performing advances 0.00 Investments Income Tax 0.00 1 2 3 4 |
| •2.64 Total |
(a) Capital to Risk-weighted Assets Ratio (CRAR)
Percent
Particular!
38.51
1.25
37 26
CRAR
Core CRAR
Supplementary CRAR
(b) Amount of subordinated debt raised -Nil Outstanding as Tier II Capital • Rs. 167.38
(h) Movement in NPAs :
crore
| Particular! Rs. In crone SNo. |
| A. 17.05 NPAs as on 1 April 2000 0.62 Add: Additions during the year B. 17.67 Sub-total (A+B) 16.74 C D . Less: Reductions during the year 0.93 NPAs as on 31 March 2001 (CD) E. |
(c) Risk weighted assets
On • Balance Sheet items- R s . 1 3 , 3 5 1 . 20
crore
Off • Balance Sheet items- Rs. 39.24 crore
i) Credit exposure as percentage to Capital (d) Pattern of Capital contribution as on the date of the balance sheet
Funds and as percentage to Total Assets :
Contributor
R3. in crore
SNo
| Category Credit Exposure as % to Total Assets Capital Funds |
| 7.82% The largest Single Borrower 58.89% (i) The largest Borrower group Not Applicable Not Applicable (il) (III) Ten Largest Single Borrower No.l 58.89% 7.82% No.2 39.85% 5 2 9 % No.3 38.99% 5.18% No.4 26.40% 3.51% No.5 2 1 8 0 % 2.90% No.6 19 60% 2.60% No.7 18.98% 2.52% Na.B 18 59% 247% No.9 18.28% 2*3% No 10 17 83% 2.37% (Iv) Not Applicable Ten Largest Borrower QroupsNot Applicable |
1,450
550
Reserve Bank of India
Govt Of India
1 ,2
2,000
Total
The above includes Rs. 1,500 crore under "Advance towards Capital"
B. Asset quality and credit concentration
(e) Percentage of Net NPAs to Net Loans and Advances - 0.0002%
(f) Asset classification
| Rs in crore Classification Percentage S.No |
| Standard 99.9974 35771.37 Substandard Doubtful Lois 0.0026 1 2 3 4 0 93 |
| 35772.30 Total 100 0000 |
(j) Credit exposure to the five
largest industrial sectors Not Applicable as percentage to total loan assets.
C. Liquidity:
(k) Maturity pattern of rupee assets and liabilities:
(I) Maturity pattern of foreign currency assets and liabilities :
| Item Less than More than 1 year More than 3 years More than 5 years More than 7 years Total or equal to 1 year upto 5 years upto 3 years upto 7 years |
| Rupee assets 3,829.24 13,470.16 10,674.17 7.305 96 38,725.25 3,445 72 |
| _ _ _ _ Foreign Currency Assets |
| Total AxieU 3329.24 13,470 16 10,674.17 7,305 96 3,445 72 38,725.25 |
| Rupee liabilities 8,065.91 5,168.64 19,616.93 38,484.1 3.32328 2.309.34 |
| - 2.18 - Foreign currency liabilities 241.15 11.61 227.36 |
| Total liabilities 8,065.91 3,323.28 5,170 82 38,725.25 2320.95 19,844.29 |
(D) Operating results :
(m) Interest income as a percentage
to working funds 8.59%
(n) Non-interest income as
(Figures of Interest income and profit considered
In working out the above figures are arrived at
before reducing contribution to NRC(LTO) Fund and
NRC (Stabilisation) Fund, as there is no outside
obligation on these funds)
a percentage to working funds 0.02%
(o) Operating profit as a percentage
16. Previous year's figures have been regrouped and recast wherever necessary.
to working funds 4 . 6 1%
(p) Return on Assets 3.87%
(q) Profit per employee Rs. 0.25 crore
For V. Sankar Aiyar & Co Chartered Accountants J.M. Mathew Chief General Manager Finance and Accounts Department Mumbai 15 June 2001
N. Sampath Ganesh Partner 15 June 2001.
M.V.S. Chalapathi Rao Managing Director
Y.C. Nanda Chairman
Jagdish Capoor
Devi Dayal Director
Director
Mumbai 15 June 2001
Amaresh Kumar
CGM & Secretary, National Bank for Agriculture
tnd Rural Development. Mumbai
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