AR 2013 14 Full

Annual Report 2013-14
CONTENTS
.
Page No.
2
-
Year wise comparative performance
Notice

Chairman & Managing Directors Statement

Directors Report

Management Discussion and Analysis

Corporate Governance Report

Directors Profile
- III
Basel - III Disclosures

Report of the Auditors

Balance Sheet

Profit & Loss Account

Cash Flow Statement
()
Proxy Form
- -
Attendance Slip - Cum - Entry Pass
...
ECS Mandate Form
5
8
14
19
41
57
68
111
113
114
152
156
158
159
Statutory Auditors
..
.. .,
.
... .,
M/s S N Dhawan & Co., New Delhi M/s S C Ajmera & Co., Udaipur
. ,
..... .,
M/s Anand & Ponnappan, Chennai M/s A P A S & Co., Raipur
: , -10, , , (), - 400 051.

Head Office: Dena Corporate Centre, C-10, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051.
: , , -10, , - , (), 400051
Investor Relations Centre: 3rd Floor, Dena Corporate Centre, C-10, G Block, Bandra Kurla Complex, Bandra (East), Mumbai- 400 051
Tel: 26545318/19/20, Tele-fax: 26545317, E-mail: irc@denabank.co.in
: () : , , .52 56, .13 A-B,
, - , , - 400 072
Registrars & Share Transfer Agents: M/s. Sharepro Services (India) Private Limited Unit: Dena Bank, Samhita Complex, Gala No. 52 to 56,
Bldg. No. 13 A-B, Near Sakinaka Telephone Exchange, Andheri-Kurla Road, Sakinaka, Mumbai- 400 072.
Tel: 67720300/ 400/ 353/ 385, Tele- Fax: 2837 5646, - E-mail: sharepro@shareproservices.com
- YEAR WISE COMPARATIVE PERFORMANCE
( ` )(Amt in ` cr)
-
Performance Parameters
2009-10
2010-11
2011-12
2012-13
2013-14
Delivery Channels & Resources
No. of Branches (with CBS)
1223
1291
1342
1464
1633
No. of ATMs
396
496
543
620
1421
No. of Employees
10525
9953
10202
11093
12983
Capital
Capital
286.82
333.39
350.06
350.06
537.82
Reserves (Excluding Revaluation Reserves)
2106
3126
3941
4559
5793
(%)
Capital Adequacy Ratio (%)
- II
As Per Basel II
12.77
13.41
11.51
11.03
11.87
- III
As Per Basel III
10.47
11.14
Business Parameters
Business Mix
87066
109373
134326
163664
188650
Increase in %
20.53
25.62
22.81
21.84
15.27
Total Deposit
51345
64210
77167
97207
110028
Increase in %
19.26
25.06
20.18
25.97
13.19
()
Total Advances (Gross )
35721
45163
57159
66457
78622
Increase in %
22.40
26.43
26.56
16.27
18.31
Advances to Priority Sector
11718
15150
15501
18868
23389
Priority Sector Advances in % terms
40.15
42.41
38.54
33.18
35.22
Agriculture
4826
4096
5544
6719
8016
Increase in %
25.32
-15.12
35.35
21.19
19.30
Retail
5380
6136
7283
7724
9706
Increase in %
21.61
14.05
18.69
6.07
25.67
, (....) Micro, Small and Medium Enterprises (MSME)
5647
6784
8291
10673
13217
18.26
20.13
22.22
28.73
23.84
Increase in %
- YEAR WISE COMPARATIVE PERFORMANCE
( ` )(Amt in ` cr)
-
Performance Parameters
2009-10
2010-11
2011-12
2012-13
2013-14
~ :
Financials :
Operating Profit
840.58
1223.79
1528.43
1738.86
1774.03
Net Profit
511.25
611.63
803.14
810.38
551.66
Interest Income
4010
5034
6794
8899
9978
Interest Expenses
2910
3270
4693
6516
7473
Non Interest Income
589
534
582
655
917
Total Income
4599
5567
7376
9555
10895
Total Expenses
3758
4344
5848
7816
9121
Net Interest Margin ( %)
2.61
3.17
3.17
2.80
2.52
( %)
Cost of Deposit ( %)
6.21
5.76
7.06
7.70
7.60
Cost of Fund ( %)
6.31
5.87
7.11
7.70
7.62
Yield on Advances ( %)
10.32
10.24
11.77
11.76
11.29
Yield on Funds ( %)
8.52
8.62
9.78
10.00
9.60
Return on Assets
1.01
1.00
1.08
0.86
0.51
(`)
Dividend (`)
2.00
2.20
3.00
4.70
2.20
( %)
Return on Equity ( %)
23.55
22.90
20.72
17.62
9.82
(`)
Earning per share ( ` )
17.83
21.26
24.08
23.15
14.40
Asset Quality Ratios :
...
Gross NPA
641.99
842.24
956.50
1452.45
2616.03

(%)
Gross NPA to Gross Advances Ratio (%)
1.80
1.86
1.67
2.19
3.33
...
Net NPA
427.53
548.95
571.73
917.18
1818.92
Net NPA to Net Advances Ratio (%)
1.21
1.22
1.01
1.39
2.35
... ( %)
NPA Provision Coverage ( %)
78.61
74.62
75.53
69.58
56.44
Productivity Ratios :
Per Employees Business
8.27
10.99
13.17
14.75
14.53
Per Branch Business
71.21
91.60
107.81
119.03
121.40
H bmJV OmE
Hw b H mamo~ma g{l
Total Business Mix
200000
1,34,326
78,622
140000
66,457
120000
100000
30000
57,159
80000
60000
40000
1,10,028
97,207
77,167
` H amoS | ` in crore
160000
30,816
1,63,664
180000
28,039
26,590
27000
24000
21000
18000
20000
0
2011-2012
Hw b A{J
Low Cost Deposits
33000
1,88,650
2012-2013
Total Advances
15000
2013-2014
Ad{Y Period
Hw b Om am{em
2011-2012
Ja {ZnmXH AmpVm
Operating Profit and Net Profit
4.00
2000
1774.03
1738.86
3.33
3.50
1528.43
1600
3.00
2.19
2.50
2.35
2.00
1.67
1.39
1.50
1.01
1.00
in Percentage
2013-2014
Period
n[aMmbZJV bm^ Ama {Zdb bm^
Non Performing Assets
{VeV |
2012-2013
Ad{Y
Total Deposits
0.50
1200
803.14
810.38
551.66
800
400
0.00
2011-2012
2012-2013
Ad{Y
{Zdb A{Jm| H s VwbZm | {Zdb

Ja {ZnmXH AmpVm| H m %
2013-2014
Period
2011-2012
gH b A{Jm| H s VwbZm | gH b
Ja {ZnmXH AmpVm| H m %
% of Net NPA to Net Advances
n[aMmbZJV bm^
% of Gross NPA to Gross Advances
~ogb - II
Basel - III
11.14
11.03
8.86
7.43
7.26
6
3000
` in crore
11.51
Net Profit
{Zdb mO Am
H amoS |
in Percentage
2383
2500
2505
2101
2000
1500
1000
{VeV |
12
{Zdb bm^
Net Interest Income
~ogb - III
Basel - II
2013-2014
Period
Operating Profit
nyOr nmVVm AZwnmV
Capital Adequacy Ratio

15
2012-2013
Ad{Y
500
0
2011-2012
2012-2013
2013-2014
2011-2012
Ad{Y Period
nyOr nmVVm AZwnmV Capital Adequacy Ratio
Q ra (I) gr.Ama.E.Ama. Tier I CRAR
107.81
105
100
16
13.17
14.75
14.53
2012-2013
2013-2014
12
H amoS |
` in crore
121.40
115
110
Business Per Employee
20
` in crore
H amoS |
`
119.03
120
2013-2014
Period
{V H Mmar H mamo~ma
{V emIm H mamo~ma
Business per Branch
125
2012-2013
Ad{Y
4
0
2011-2012
2012-2013
Ad{Y
Period
2013-2014
2011-2012
Ad{Y Period
NOTICE
, , -1, , - , (), -400 051.

Head Office: Dena Corporate Centre, C-10, G Block, Bandra Kurla Complex, Bandra (East), Mumbai-400 051

, 28 , 2014 : 11.00 ,
, .... , ()
- 400 056 .
1. 31 2014
,
-,
.
2. 2013-14 .
NOTICE
NOTICE is hereby given that the Eighteenth Annual General Meeting
of the Shareholders of Dena Bank will be held on Saturday, 28th June,
2014 at 11.00 A.M. at Auditorium, Sir Sorabji Pochkhanawala Bankers
Training College, J.V.P.D. Scheme, Near Cooper Hospital, Juhu Vile
Parle (West), Mumbai-400 056 to transact the following businesses: 1. To discuss, approve and adopt the Balance Sheet and Profit & Loss
Account of the Bank, for the year ended 31st March, 2014, the report
of the Board of Directors on the working and activities of the Bank for
the period covered by the Accounts and the Auditors Report on the
Balance Sheet and Accounts.
2. To declare Final Dividend on Equity Shares for the financial year
2013-14.
:
: 19.05.2014
( )

By Order of the Board of Directors

For Dena Bank
Place: Mumbai
Date: 19.05.2014
(Ashwani Kumar)
CHAIRMAN & MANAGING DIRECTOR
NOTES:
1.
/

/ . ,

, 23 , 2014 -

.
2.
, ,

, ,
,
, 23 , 2014
, , , ,
, -10, , - , () 400 051.
.
1. APPOINTMENT OF PROXY
3. --
--
. / /

/ --
, , .
- -
A SHAREHOLDER ENTITLED TO ATTEND AND VOTE AT THE

MEETING IS ENTITLED TO APPOINT A PROXY TO ATTEND AND
VOTE INSTEAD OF HIMSELF/ HERSELF. The proxy, in order to be
effective must be received by the Bank at the place specified in the
proxy form, not later than FOUR DAYS before the date of the Eighteenth
Annual General Meeting i.e. on or before the close of office hours on
Monday, 23rd June, 2014.
2. APPOINTMENT OF AN AUTHORISED REPRESENTATIVE
No person shall be entitled to attend or vote at the meeting as a duly
authorized representative of a company or any body corporate which is
a shareholder of the Bank, unless a copy of the resolution appointing
him/her as a duly authorized representative, certified to be true copy by
the Chairman of the meeting at which it was passed, shall have been
deposited with the Company Secretary, Dena Bank, Investor Relation
Centre, Dena Corporate Centre, 3rd Floor, C-10, G-Block, Bandra
Kurla Complex, Bandra (East), Mumbai- 400051 not later than FOUR
days before the date of the Eighteenth Annual General Meeting i.e. on
or before the close of office hours on Monday, 23rd June, 2014.
3. ATTENDANCE SLIP-CUM-ENTRY PASS
For the convenience of the shareholders, Attendance Slip-cum-EntryPass is annexed to this report. Shareholders / Proxy holders/ Authorised
Representatives are requested to affix their signatures at the space
provided therein and surrender the same at the venue. Proxy / Authorised
Representative of the shareholder should state on the Attendance slipcum-entry pass as Proxy or Authorised Representative as the case
may be. Entry to the venue will be permitted only on the basis of valid
Attendance Slip-cum-Entry Pass.
NOTICE
4.

, 21 , 2014
, 28 , 2014 ( )
4. BOOK CLOSURE
5.
28 2014

28 , 2014
,
, 20 ,
2014
.
10 2014
30
/ .
6.

.
5. PAYMENT OF DIVIDEND
Payment of dividend to shareholders as proposed by the Board of
Directors shall be paid to those shareholders holding shares in physical
form, whose names appear on the Register of Shareholders of the
Bank as on 28th June, 2014 after considering the request for transfer of
shares received upto 20th June, 2014 and in respect of shares held in
dematerialised form, the dividend will be paid on the basis of beneficial
ownership details and address, Bank Account etc. as per details to be
furnished by the depositories as at the end of business on 20th June,
2014. The date of payment of dividend will be 10th July, 2014 and will
be mailed / credited within 30 days from the date of Annual General
Meeting.
7. (...)

, (.
...)/ (....)
. ,

( , , .... ..
. ) , .
.../ .... .

.
/

20 2014 .
8. ,
1996-97 1999-2000 2006-07
2013-14 ()
/
, / :
.
( ) 1970 10

,

2013 125
(....) .
...
.
9.

,

, ,

.
7. NATIONAL ELECTRONIC CLEARING SERVICE (NECS) and

Bank Mandate for Dividend payment
The Register of the Shareholders and the Share Transfer Register of

the Bank will remain closed from Saturday, June 21, 2014 to Saturday,
June 28, 2014 (both days inclusive), for the purpose of Annual General
Meeting and for ascertaining the entitlement of dividend.
6. TRANSFERS
Share Certificates in case of physical holding along with transfer deeds
should be forwarded to the Registrar & Share Transfer Agent of the
Bank.
The Bank will credit the dividend amounts to the bank accounts of the
shareholders through National Electronic Funds Transfer (NEFT) /
National Electronic Clearing Service (NECS) facility, wherever possible.
The shareholders, who are holding the shares in electronic form, are,
therefore, requested to inform their Depository Participants about
their latest change of address and bank mandate details (including
new account number, if any, banks MICR and IFS Code numbers)
immediately to ensure prompt crediting of the dividend amounts
through NEFT / NECS. The shareholders who are holding the shares in
Demat form may approach their DEPOSITORY PARTICIPANTS ONLY
for necessary action in this connection.
The Shareholders who are holding their shares in physical form should
furnish / update their Bank Mandate details to the Investor Relations
Centre of the Bank or to the Share Transfer Agent of the Bank at the
address given in this Notice below on or before 20th June, 2014.
8. UNCLAIMED DIVIDEND, IF ANY
The shareholders who have not encashed their Dividend Warrants /
received dividend for the financial years 1996-97 to 1999-2000 and
2006-07 to 2012-13 and 2013 -14 (interim), are requested to contact
the Registrar and Share Transfer Agent of the Bank for revalidation /
issue of the duplicate dividend warrants.
As per Section 10B of the Banking Companies (Acquisitions and
Transfer of Undertakings) Act, 1970, the amount of dividend remaining
unpaid or unclaimed for a period of seven years from the date of
transfer to the Unpaid Dividend Account is required to be transferred
to the Investor Education and Protection Fund (IEPF) established by
the Central Govt. under Section 125 of the Companies Act, 2013 and
Section 205 C of the companies Act 1956 the person whose amount
is transferred to IEPF will be entitled to get refund in respect of such
claims in accordance with rule made under this section.
9. CHANGE OF ADDRESS
Shareholders whose holding are in Electronic form are requested to
intimate changes, if any, in their registered address to their Depository
and not to the Registrar & Share Transfer Agents and Shareholders
who are holding the shares in Physical form are requested to intimate
changes, if any, in their registered address, to the Registrar and Share
Transfer Agents of the Bank at the following address:
NOTICE
() . .
:
13 / , . 52 56

,
- 400 072.
: 022-67720300/400
10. -
, .17/2011 21
2011 18/2011 29 2011
,
, ,
-
.

- . , 35()
- - .
- .
, -
.
-
- .
- .
Sharepro Services (India) Private Limited

Unit: Dena Bank,
13 A/B Samhita Complex, Gala no.-52 to 56,
Near Saki Naka Telephone Exchange,
Andheri Kurla Road, Saki Naka,
Mumbai 400 072
Tel: 022-67720300/ 400
11. -

. ,
.... -
/ / , 23
2014 .
.

. - , 22 2014 , 24 2014
.
. .
- 3

. -

. -
.
.
11. E-VOTING PROCESS
10. RECEIVE DOCUMENTS THROUGH E-MAIL BY REGISTERING

YOUR E-MAIL ADDRESS
The Ministry of Corporate Affairs, Government of India had taken a
Green Initiative in the Corporate Governance vide its circular nos.
17/2011 dated April 21, 2011 and 18/2011 dated April 29, 2011 vide
which the company may serve the Notice of General Meetings, Audited
Financial Statements, Directors Report, Auditors Report, etc. to its
shareholders through electronic mode, at the E-mail address provided by
them to the Company. The listing agreement with the Stock Exchanges
also permits a Company to send soft copies of the Annual Report to
all those shareholders who have registered their email address for the
purpose. Further, as per clause 35B of the Listing Agreement e-voting
process will be mailed to shareholders through e-mail. Shareholders
who have not yet registered their e-mail id are requested to register
the same with our R&T Agent, if holding the Banks shares in physical
form and with depository participant if holding the Banks share in
electronic form, so that all such documents can be served upon them
henceforth in electronic mode at the said Email address. For the sake of
convenience a format for intimating e-mail details is attached as a part
of the Annual Report.
The business shall be transacted through electronic voting system and

the Bank is providing facility for voting by electronic means. The User
Id, Password and E-voting cycle will be sent to all shareholders on the
cut-off date i.e. the close of the business hours on Friday, 23rd May,
2014 by our R&T Agent, generated by NSDL, by registered post/ speed
post/ e-mail. After the first login, the password has to be changed by the
shareholders. The shareholders have to choose the Banks name from
the drop down list and cast their vote for all the resolutions contained
therein. The e-voting process shall remain open from Sunday, 22nd
June, 2014 to Tuesday, 24th June, 2014. Once a shareholder casts
his vote it cannot be modified subsequently. The agency shall block
the votes at the end of the voting period. The Scrutinizer shall within a
period not exceeding three working days from the date of conclusion
of the e-voting period, unblock the votes in the presence of at least
two witnesses other than employee of the Bank. The Scrutinizer will
download the details of the voting results done through e-voting and
prepare the Scrutinizers Report and forward it to the Chairman of the
Bank. The whole process of e-voting shall be completed three days
prior to the meeting. The voting process in respect of the items on the
agenda at the AGM shall be only by poll.
:
: 19.05.2014
( )

By Order of the Board of Directors

For DENA BANK
Place: Mumbai
Date: 19.05.2014
(Ashwani Kumar)
CHAIRMAN & MANAGING DIRECTOR
CHAIRMAN & MANAGING DIRECTORS STATEMENT

,
2013-14

.
.
2013-14
.

31.03.2014
` 1,88,650.00 .
,
: ` 700 , ` 282 ` 84
.
` 780
III II .

III
.
2013-14
,
.

2013 .
2013
, .
.
2014 2.75% .
. 2014 1.20% 2015
1.50% . .
: .
2014 1.40% 2015 1.00%
.
: 2013
4.70% 2014 5.00% 2015 5.25% .
2013 3.00% 2014 3.60% 2015 3.9%
.
, 2014
,
.

.
2013-14 : 4.8 4.7
2010-11
9.6% 2013-14
4.4% .
2014 4.9%

2013 4.5% .
,
. ,
: .
- 2012-13 - 2013-14 29%

.
Dear Shareholders,
It gives me immense pleasure to place before you the 18thAnnual Report
of your Bank for the financial year 2013-14. This is the second year in
succession that I am addressing you as the Chairman and Managing
Director of this great institution.
The FY 2013-14 was a challenging year that witnessed tough economic
conditions.
I am pleased to inform you that with your unstinted support and
confidence of the customers, your Bank showed resilience in this
challenging macroeconomic environment and adverse market
conditions and achieved an all-time high Business Mix of `1,88,650 cr
as on 31st March, 2014.
During the year, Government of India (GOI), Life Insurance Corporation
of India (LIC) and General Insurance Corporation of India (GIC)
subscribed to share capital of the Bank by an amount ` 700 cr, ` 282
cr and ` 84 cr respectively. Additionally LIC also subscribed to Basel
III compliant Tier 2 Bonds by an amount ` 780 cr. These capital
infusions enabled the Bank to expand business and also to improve
Capital Adequacy Ratio of the Bank under stringent Basel III norms.
Before sharing the performance highlights of the Bank during the
year 2013-14, I wish to brief you about the economic and financial
environment which had a strong bearing on the overall performance
of the Bank.
Macro Economic Environment:
Global activity and world trade picked up in the second half of 2013.
Growth also picked up in the emerging market and developing
economies (EMDEs) during H2 of 2013, but the momentum looks
weaker than in the Advanced Economies (AEs).
The United States has long been the main engine driving the global
economy. In 2014 growth in the United States is expected to be 2.75%.
The euro area is turning the corner from recession to recovery. Growth
is projected to strengthen to 1.20 % in 2014 and 1.50 % in 2015, but the
recovery will be uneven. The pickup will generally be more modest in
economies under stress.
In Japan, annual growth is expected to moderate at 1.40 % in 2014,
and 1.00 % in 2015.
In EMDEs the growth is projected to pick up gradually from 4.70% in
2013 to about 5.00% in 2014 and to 5.25% in 2015.
To sum up global growth is projected to increase from 3.00% in 2013 to
3.60% in 2014 and 3.90% in 2015.
While the worst fears have faded, Global Recovery will be on track
in 2014, though tightening financial conditions and the divergence in
inflation pose risks.
Domestic Economic Development
The beginning of the new FY ushers in a hope that worst is likely to be
over in economic front. Improvement recorded in growth rate during Q2
and Q3 of 2013-14 to 4.8 and 4.7 per cent respectively, are indications
that the economic slowdown that caused the spiraling down of growth
rate 9.6% in Q4 of 2010- 11 to 4.4% in Q1 of 2013-14 has bottomed
up. Further Organization for Economic Cooperation and Development
(OECD) has estimated a 4.9% growth for 2014 which is higher than the
4.5% growth achieved during 2013.
Even though, on account of a spell of global financial turbulence
caused capital outflows and pressure on the exchange rate, strong
policy measures of RBI stabilized the currency, rebuilt reserves, and
narrowed the excessive current account deficit. Indias trade deficit
during April-February 2013-14 reduced by 29% than what it was during
April-February 2012-13 and during this period the rupee fared better
than most of other emerging market currencies.

- (...)
(...) . ... 2013 11.02%
2014 8.1% . 8.1% ... 25
. ...
7.5% 4.7% .

.
2015 6% .
,
,

,
.

:

.
, 2013 (...)
200
(...) .
2013
... 150
3 .
:
75 .
2014-15 3 .
. , ,
. 7
5% ...
(...)
.
.

2013-14 13.47%
2013-14 14.63% .
14.26% ( ) 2013
) 15% 14.68%
.

,

.
2013-14 .
2013 `1,63,664 15.27%
2014 1,88,650 .
Both the inflation indices Consumer Price Index (CPI) and Wholesale
Price Index (WPI) declined during the year. CPI declined from 11.2% in
November 2013 to 8.1% per cent in February 2014. 8.1% is a 25-month
low in CPI. Similarly, during the same period WPI also recorded a
significant fall from 7.5% to 4.7%.
13.19% 2014 ` 1,10,028

2013 ` 97,207 .
Total Deposits have grown to the level of ` 1,10,028 cr as of March

2014 as compared to ` 97,207 cr as of March 2013, registering a
growth of 13.19%.
2014 18.31% ` 78,622

2013 ` 66,457 .
Total Advances of the Bank stood at ` 78,622 cr as of March 2014

as compared to ` 66,457 cr as of March 2013, registering a growth of
18.31%.
Going forward, economic growth is likely to accelerate in the next

fiscal as the reform process continues and begins to bear fruit. Asian
Development Bank has projected Indias growth rate to increase to 6%
in 2015.
The acceleration in growth will be on account of implementation of
stalled projects, debottlenecking of the mining sector and a recovery in
industry on higher external demand and also on account of increase in
demand from rural base which has recently recorded record agricultural
output.
Reserve Bank of India Policy Stance
To address the capital outflows and exchange rate pressures amid
unsustainable Capital Account Deficit and renewed inflationary
pressures on account of the rupee depreciation and food price raise
Reserve Bank resorted to exceptional policy measures for tightening
the monetary policy.
As a first line of defence, since July 2013, short term interest rates
were raised by increasing the marginal standing facility (MSF) rate by
200 bps and curtailing liquidity available under the liquidity adjustment
facility (LAF). When orderly conditions were restored in the currency
market, by September 2013, the Reserve Bank with a view to tone
down exceptional liquidity and monetary measures lowered the MSF
rate by 150 bps in three steps.
However, with a view to containing inflation that was once again rising,
the policy repo rate was hiked by 75 bps in three steps.
For the year 2014-15, there are three important considerations for the
monetary policy. First, reducing the inflation levels. During the year
though headline inflation has started coming down, it is above comfort
level. Second, ensuring economic growth in light of unprecedented
situation such as a sub-5% GDP growth for seven successive quarters
and stagnant index of industrial production (IIP) growth for two
successive years. Third, addressing negative output gap taking into
account supply-side constraints on long-run growth.
Banking Industry Trends
Growth of the Scheduled Commercial Bank (SCBs), which was at
13.47% at the beginning of the Financial Year 2013-14, was increased
to 14.63% at the end of the Financial Year 2013-2014. Bank Credit
registered a Growth of 14.26%, as against 15% projected growth (As
per Monetary Policy Review of RBI 2013-14), and it is also less than the
previous year Growth of 14.68%.
Performance of the Bank:
Despite this challenging environment, your Bank has been able to
perform well, registering an all-round growth in various parameters.
I would like to touch upon some of the areas where your Bank has
performed well during 2013-14.
Business Mix of the Bank has increased from `1,63,664 cr as of March
2013, to a new height of ` 1,88,650 cr as of March 2014, registering a
growth of 15.27%.
10

.... .
.... 23.84% ` 13,217 ,
25.67% ` 9,706 .
2014 19.30% ` 8,016 .
` 1,340 (14.03%) ` 10,895
` 9,555 .
12.13% ` 9,978
.
5.12% ` 2505

` 2,383 .
40% ` 655
` 917 .

` 551.66 .

2014 11% 11%
(` 1.10 ) .

:
. , .
.. . ... ,

.
... ` 1164 31.03.2013
` 1452 31.03.2014 ` 2616 .
... 31.03.2013 2.19% 31.03.2014
3.33% .
... 31.03.2013 1.39% 31.03.2014
2.35% . ... ` 902
31.03.2013 ` 917 31.03.2014 ` 1819

.
, ` 416
, ` 361
` 187 .
1821
25302 . ` 42.60
7662 ` 21.21 1233
.

2014 III () (.
...), 9% 2014 11.14%
2013 10.47% .
31.03.2014 ` 5,804
31.03.2013 ` 4,626 , ` 1178 (25.46%)
.

2013-14
169 . 2014
1633 . ... .
During this year also, in line with National Priorities, deployment has
been strategically focused with emphasis on MSME and Retail credit.
While MSME loans stood at ` 13,217 cr showing an increase of 23.84%,
Retail Credit stood at ` 9,706 cr, showing an increase of 25.67%. The
loans to agriculture sector stood at ` 8,016 cr registering a growth of
19.30% as of March 2014.
Total income of the Bank for the year has increased by `1,340 cr i.e.
an increase of 14.03% and stood at ` 10,895 cr compared to income of
` 9,555 cr earned during the previous year.
Interest income of the Bank registered an increase by 12.13% and
reached a level of ` 9,978 cr during the current year.
Banks net interest income increased by 5.12% and stood at ` 2,505 cr
as compared to ` 2,383 cr posted during the previous year.
Non Interest income has increased by 40% from ` 655 cr to ` 917 cr
during the current year.
As stated earlier, despite challenging economic environment your Bank
has posted a Net profit of `551.66 cr.
I am happy to announce that the Board of Directors of the Bank have
recommended a final dividend of 11% (i.e ` 1.10 per Share) for the
current year in addition to the interim dividend of 11% paid during
January 2014.
Asset Quality:
The asset quality in general has been under stress during the year.
However, inspite of such challenging environment, your Bank with its
concerted efforts has been able to contain the NPAs. The efforts made
for upgradation of recently slipped NPAs, recovery through compromise
settlements, action under SARFAESI Act, sale of assets resulted in
improving the cash recovery and upgradation to a considerable extent.
The Gross NPA, in absolute terms, increased by ` 1,164 cr from
` 1,452 cr on 31st March 2013 to ` 2,616 cr as on 31st March 2014.
Gross NPA ratio of the Bank increased to 3.33 % as on 31.03.2014
from 2.19 % as on 31.03.2013.
The Net NPA ratio of the Bank stood at 2.35% as on 31.03.2014
as against 1.39% as on 31.03.2013. Net NPAs, in absolute terms
increased by ` 902 cr from ` 917 cr as on 31st March 2013 to ` 1,819 cr
as on 31st March 2014.
During the year, on account of the concerted efforts, your Bank recorded
highest ever cash recovery of ` 416 cr, highest ever upgradation of ` 361
cr and highest ever recovery in Written Off accounts at ` 187 cr.
The Bank conducted 1,821 recovery camps during the year, which
were attended by 25,302 borrowers. A total of 7,662 accounts were
settled for ` 42.60 cr and 1,233 accounts were upgraded for ` 21.21 cr
during the year through such recovery camps.
New Capital Adequacy Norms:
The Capital to Risk (Weighted) Asset Ratio (CRAR) under Basel III
improved to 11.14% as of March 2014, compared to 10.47 % as of
March 2013, against the requirement of 9%.
The Net Worth of the Bank increased to ` 5,804 cr as on 31.03.2014
from ` 4,626 cr as on 31.03.2013, registering a growth of `. 1,178 cr
(25.46%).
Network and Delivery Channels:
In the efforts to expand outreach, Bank has opened 169 new branches
during 2013-14. The total number of branches of the Bank stood at
1633 as of March 2014. All the branches of the Bank are covered under
CBS.
11

150

.
31.03.2014 1421 ...
1298 123 ... . 23 ...
( )
. ...
.

, ,
.

...., ..., ....,
.
918 (
) 827 331 588
. 586 , 217
834
2014-15

.
During the current year, Bank proposes to open around 150 more
Branches in various parts of the country.

2014 1633 ...
.
- -
24x7
.
..../....
.

(....)

.
.... / .
... ...
... .

... .
, , , ...
-
. , 24x7 .
-
2014 - .

2768 . ,
2958 .
154 2804
.
4.41 4.25
. 24.55
.
Transformation through Technology:
As at 31st March 2014, the Bank has installed 1,421 ATMs comprising
of 1,298 on-site ATMs and 123 Off-site ATMs for the convenience of
customers. 23 of the ATMs are bio-metric ATMS and can be operated
by thumb impression which is convenient for small customers (under
financial inclusion) and semi-literate persons. The bio-metric ATMs also
speak out instructions to the customers.
Human Resource Development:
For an organization like Bank to succeed, it is of prime importance that
human resources are adequately skilled and efficient. Bank has been
imparting training to its employees at its in- house training centers at
various locations and also through reputed institutions like NIBM, CAB,
BIRD, etc.
During the year, the Bank has recruited 918 officers (including POs),
and 827 clerks and 331 sub-staff and also promoted 588 officers to
higher scale. Bank has initiated process for further intake of 586
Probationary Officers, 217 Specialist officers and 834 clerks to meet its
requirements of personnel for increasing business levels and opening
of new branches during 2014-2015.
As of March 2014, all the 1,633 branches of the bank and the entire
business have been brought under CBS.
Dena i Connect - Internet Banking services and Dena MConnect
the mobile Banking Service provide customers the convenience of
performing banking transactions on 24x7 basis from their home or
office. The customers of the Bank can make payment of Direct Taxes
and Indirect Taxes, transfer funds through NEFT/RTGS through internet
without visiting the branch.
In mobile banking arena, your bank introduced Immediate Payment
Service (IMPS) launched by National Payment Council to enable bank
customers to use mobile instruments as a channel for accessing their
bank accounts and remit funds.
As a customer protection measure, your Bank has started sending SMS
Alert to customers for all transactions including RTGS / NEFT and ATM
transactions.
SMS Alerts are sent to customers for due dates of Term Deposits as
well as Loan installments also.
Bank has established two E-Lobbies on Pilot basis offering services
such as Cash Deposit, Pass Book Printing, Cheque Deposit, ATM and
Internet Banking Kiosk. Customers can avail these facilities 24X7 basis.
The number of E-Lobbies will be substantially increased in FY 2014-15
after analyzing the performance of E-Lobbies launched on Pilot basis.
Financial Inclusion Plan:
Bank has been allotted 2,768 villages under Financial Inclusion.
However, the Bank has exceeded the target and covered 2,958 villages,
154 villages are covered through Brick and Mortar Branch and 2804
villages have been covered through Business Correspondent model.
Bank has opened 4.41 lac Basic Savings Bank Accounts during the
year and surpassed the target of 4.25 lac accounts. There are 24.55 lac
Basic Savings Bank Accounts in the Bank.
12

43 ,
34 170 . 170
... . 5574
.... .
78 40
195 . 195
... . 42310 13495
....
.
Of 43 districts identified in phase 1 for Direct Benefit Transfer, in 34

districts, Bank has presence through its 170 branches. ATMs are
installed in all the 170 branches. For all the 5,574 beneficiaries accounts
have been opened, Aadhaar numbers have been seeded in CBS and
also mapped to NPCI mapper.

24 , 2013 .
Overseas Presence

.

.3.50
12 () .
4 ` 3.86
.
2012-13 ,
, '..' 7 '..' 2
'..' .

.
` 2000/- ` 1500/- .
7
.
2447 .
Corporate Social Responsibilities
(....)
.... .
` 30000/-
. ` 8.00
.

,
.
2015 6% .
.

... ,
- ,
.
Bank under tie-up with United India Insurance company (UIIC) has
devised a scheme for the benefit of DKCC Borrowers to provide free
cashless mediclaim facility to the farmers & their family members with
maximum cover up to Rupees Thirty Thousand. A corpus of ` 8.00 cr
has been allocated for this scheme.
, ....,
.

.
Further, Bank shall concentrate on thrust areas such as MSME, Retail

and Agriculture and diversify its credit portfolio.
Of 78 districts identified in phase 2 for Direct Benefit Transfer, in 40

districts, Bank has presence through its 195 branches. ATMs are
installed in all the 195 branches. Accounts have been opened for all
42,310 beneficiaries and in case of 13,495 beneficiaries where Aadhaar
numbers were available the same have been seeded in CBS and also
mapped to NPCI mapper.
Bank has opened its Representative Office in London on 24th of

December, 2013.
In its endeavor to contribute to the society by way of Corporate Social

Responsibility, Bank has taken initiatives for social projects which
can facilitate visible change in creating sustainable livelihoods and
contribute to rural transformation and education.
To provide self employment training to rural populace, Bank has, with a
corpus of ` 3.50 cr, set up 12 Rural Self Employment Training Institutes
(RSETIs) in districts where bank is shouldering the responsibility of lead
bank.
Bank has committed ` 3.86 cr for construction of building at 4 RSETI
centres.
During the grading exercise for the year 2012-13 by Ministry of Rural
Development, Govt. of India, RSETI Patan & Dhamtari has been graded
AA, 7 RSETIs as BA & 2 RSETIs as BB.
Your Bank has also been Sponsoring Education of Girl Child in the
villages served by the Bank. Under the scheme the Bank has been
providing scholarships of ` 2000/- and ` 1500/- per annum to identified
girl student belonging to Below Poverty Line (BPL) family who are
selected from each of the schools based on first and second rank
secured in 7th Standard from the villages under the command area
of the Bank.The Bank has so far provided scholarships to 2,447 girl
students under the scheme.
Future Outlook:
Going forward, economic growth is likely to accelerate in the next
fiscal as the reform process continues and begins to bear fruit. Asian
Development Bank has projected Indias growth rate to increase to 6%
in 2015.
The Banks strategy in maintaining its momentum of growth shall be
multi pronged. In order to expand its customer base and enhance
customer service, Bank will be opening new Branches in various parts
of the country, establish specialized NRI Branch, strengthen Retail
Process Hubs and SME Processing Centres, establish two hundred
E-Lobbies across the country, provide Cash Management Service and
Issue RuPay Platinum Debit Card.
In line with the Government of India initiatives on Financial Inclusion,

the Bank will embark upon its urban financial inclusion plan by providing
banking services to migrant workers / labourers in select urban areas of
Gujarat and Maharashtra.
13
,

.
, (),
(.....)
(...) ,
.
,
.

/
.

, .

.

Acknowledgements:
I express my sincere thanks to the Banks valued customers,
shareholders and well wishers for their valuable contribution to the
progress of the Bank and seek their continued support and co-operation
in future.
I acknowledge with gratitude, the timely advice, valuable guidance and
support received from Government of India, Reserve Bank of India,
Securities and Exchange Board of India (SEBI), Banking Codes and
Standards Board of India (BCSBI) and Indian Banks Association (IBA)
I also acknowledge the valuable guidance, support and co-operation
received from the Directors on the Board of the Bank.
I am also thankful to the Financial Institutions / Banks and
Correspondents for their cooperation and support to the Bank.
I wish to place on record, the deep appreciation of the valuable
contribution of the staff, at all levels, without which the progress
achieved, would have been unattainable. I look forward to your
continued cooperation in faster business development and progress of
the Bank.
For and on behalf of Board of Directors
Ashwani Kumar
Chairman & Managing Director
14
DIRECTORS REPORT 2013-2014

,
To
The Members
1. 31 , 2014 -

.
2.
2.1 ( + ) 31
, 2014 ` 1,88,650 .
` 24,986 , 15.27% - -
.
2.2 31 , 2013 ` 97,207 31
, 2014 ` 1,10,028 , 13.19% .
1. The Board of Directors has great pleasure in presenting the Annual

Report along with the Audited Financial Statement of Accounts and the
Cash Flow statement of the Bank for the year ended March 31, 2014.
2. Performance Highlights
2.1 During the current financial year the aggregate Business Mix
(Deposits + Advances) of the Bank reached ` 1,88,650 cr as on 31st
March, 2014. The total Business Mix of the Bank increased by ` 24,986
cr registering a growth of 15.27 % on year on year .
2.2 Total Deposit of the Bank increased from ` 97,207 cr as on 31st
March, 2013 to ` 1,10,028 cr as on 31st March, 2014, registering a
growth of 13.19 %.
2.3 Advances of the Bank increased by ` 12,165 cr from ` 66,457 cr as
on 31st March, 2013 to ` 78,622 cr as on 31st March, 2014, registering
a growth of 18.31%.
2.3 ` 12,165 ,
31 , 2013 ` 66,457 31 , 2014
` 78,622 , 18.31% .
2.4 , (... ) ` 2,544
31 , 2013 ` 10,673 31 2014
` 13,217 23.84% .
2.5 ` 1,982 31 2013
` 7,724 31 2014 ` 9,706
25.67% .
2.5 Direct Retail Credit posted a growth of ` 1,982 cr from ` 7,724 cr as

on 31st March, 2013 to ` 9,706 cr as on 31st March, 2014, registering a
growth of 25.67 %.
2.6 .. 2013 -14

` 416.38 . ` 361.05 .
` 187.24
.
2.6 With concerted efforts for recovery in NPA Accounts, Bank could
make Cash Recovery ` 416.38 cr during the year 2013-14. The
upgradation was affected to the tune of ` 361.05 cr. The recovery in
written off accounts during the year was ` 187.24 cr including recovery
of interest in written off accounts.
2.4 Micro, Small and Medium Enterprises (MSME) Credit posted a

growth of ` 2,544 cr from ` 10,673 cr as on 31st March, 2013 to ` 13,217
cr as on 31st March, 2014, registering a growth of 23.84 %.
(` )(Amt in ` cr)
Particulars
, 2013
As of March, 2013
, 2014
As of March, 2014
Deposits
97,207
1,10,028
Advances
66,457
78,622
Investments
34,547
37,088
Priority Sector
18,868
23,389
Agriculture
6,719
8,016
Direct Retail
7,724
9,706
.... MSME
10,673
13,217
... Gross NPA
1,452
2,616
... Net NPA
917
1,819
2.19
3.33
% % of Net NPA to Net Advance
1.39
2.35
( III)
10.47
11.14
% of Gross NPA to Gross Advance
Capital Adequacy Ratio(Basel III)
15

3.
3.1
` 1,739 ` 35 (2.02%)
, ` 1,774 .
3.1 The Operating Profit of the Bank increased to ` 1,774 cr for the year
from ` 1,739 cr in the previous year registering an increase of ` 35 cr
(2.02%).
3.2 ` 551.66 ,
` 810.38 ` 258.72 (31.93%) .
3.2 The Net Profit decreased to ` 551.66 cr for the year from ` 810.38
cr in the previous year recording a decrease of ` 258.72 cr (31.93%).
2013-2014 :
The financial performance of the Bank for the year 2013-2014 is

summarized below:
3. Income Analysis
(` )(Amt in ` cr)
Particulars
Operating Profit
Interest Income
Interest Expenditure
Net Interest Income
Non Interest Income
Provisions and contingencies
Profit before Tax
Provision for Taxes
Net Profit
4.
:
, 2013
As of March, 2013
1,738.86
8,899.39
6,516.29
2,383.10
655.46
928.48
1,032.42
222.04
810.38
, 2014
As of March, 2014
1,774.03
9,978.47
7,473.39
2,505.08
916.73
1,222.37
257.96
-293.70
551.66
4. Key Financial Indicators

Some of the Key Financial ratios are presented below:
( % )(in % )
Particulars
31 , 2013
31 March, 2013
31 , 2014
31 March, 2014
Net Interest Margin
2.80
2.52
Return on Assets
0.86
0.51
Cost to Income Ratio
42.77
48.16
III .... CRAR under Basel III
10.47
11.14
(.)
NPA Coverage Ratio (Provision) As per new RBI guidelines
69.58
56.44
Cost Of Deposit
7.70
7.60
Cost of Funds
7.70
7.62
Yield on Advance
11.76
11.29
Yield on Fund
10.00
9.60
Return on Equity
17.62
9.82
(`) Earning Per Share (`)
23.15
14.40
(`) Book Value (`)
156.58
123.03
16

5. 2013-14 169 , 10
.
1633 .
.
6. 1,421 , 123
. 1,16,000 ,
4.70 (.), .
1 .. 26 .. .
7.
11 , 2014 2013-14
` 1.10 11% .
2013-14 ` 1.10 11%
.
. , ( )
` 69.24 .
8.
8.1 31.3.2013 ` 4,626
31.3.2014 ` 5,804 , ` 1,178
(25.46%) .
5. During the year 2013-14, the Bank opened 169 new Branches
and upgraded 10 Satellite Offices into full fledged branches and Branch
network of the Bank increased to 1633 including 79 Satellite Offices. All
the branches of the Bank are covered under CBS.
6. The ATM Network of the Bank increased to 1,421 which includes
123 offsite ATMs. Banks customers have access to 1,16,000 ATMs in
the shared network, 4.70 lacs plus Merchant Establishments (MEs) in
India. World wide, our customers have access to more than 1 million
ATMs and 26 million MEs.
7.
Dividend
The Board of Directors in its meeting held on 11th January, 2014 had
declared Interim Dividend of `1.10 per share i.e.11% for 2013-14.
The Board of Directors are pleased to recommend Final Dividend of
` 1.10 per share i.e., 11 % for 2013-14. The tax on dividend will be
paid by the Bank. The total outflow on account of final dividend will be
` 69.24 cr (including dividend tax ).
8. Net Worth and CRAR
8.1 Net Worth of the Bank improved to ` 5,804 cr as on 31.03.2014
from ` 4,626 cr as on 31.03.2013, registering a growth of ` 1,178 cr
(25.46%).
8.2 III , 2014 ()

( ) 11.14% , 2013 10.47% .
(
8.2 Capital to Risk (Weighted) Asset Ratio (CRAR) as per Basel III as
of March 2014 works out to11.14% as compared to10.47% as of March
2013.
8.3 III I 2013

6.96% 7.43%
8.3 The Tier I capital adequacy ratio of the Bank under Basel III is
7.43% as against 6.96% as of March 2013.
( % )(in % )
Basel III
March 2013
March 2014
... I CRAR Tier- I Capital
6.96
7.43
... II CRAR Tier -II Capital
3.51
3.71
Total
10.47
11.14
9.
9.1 31 , 2014
,
:

,

9.2 05 , 2013 31
, 2017 ,
, .
9.3 . 05.12.2013
-
, , .
9. Changes in Board of Directors

9.1 The Board of Directors of the Bank, as on 31st March 2014, comprised
of Chairman & Managing Director and two Executive Directors, all of
them being whole-time Directors and eleven other directors as under:
One Government of India Nominee Director,
One Reserve Bank of India Nominee Director;
One Workmen Employee Director,
One Officer Employee Director;
One Chartered Accountant Director,
Three Directors appointed by Govt. of India, and
Three Shareholders elected Directors;
9.2 Smt. Trishna Guha has been appointed as Executive Director on

the Board of the Bank w.e.f. 5th August, 2013 and upto 31st August,
2017 i.e. the date of her attaining the age of superannuation or until
further orders, whichever is earlier.
9.3 Shri A. Subramanya has been nominated as part-time non-official
Director on the Board of the Bank w.e.f. 5th December, 2013 for a period
of three years or until further orders, whichever is earlier.
17

9.4 . .. 24 , 2014

. . 16 ,2015 .
9.5
01 , 2014
. 31 , 2019
, ,
.
9.6 16 ,2014

.
9.7 . (
) 1970 9 -(3) (i)
17 , 2012 .
25 , 2013 .
.
.
9.8 . . , ( ) ,
1970/1980 3 (I) (
) 1970/1980 9 -(3)
() 02 , 2011
, 29 2013
. ..
.
9.4 Dr. P. S. Pasricha was elected as Shareholder Director representing

shareholders other than Central Government, on 24th December, 2013.
Dr. Pasricha will hold office upto March 16, 2015.
9.5 Shri Ravi KrishanTakkar has been appointed as Executive Director
on the Board of the Bank w.e.f. 01st February, 2014 and upto 31st
January, 2019 i.e. the date of his attaining the age of superannuation or
until further orders, whichever is earlier.
9.6 Ms. Anna Roy has been nominated as Government of India
Nominee Director on the Board of the Bank w.e.f 16th April, 2014 in
place of Shri Rajat Sachar.
9.7 Dr. Pritam Singh, Shareholder Director, elected under clause (i)
of sub-section (3) of Section 9 of Banking Companies (Acquisition and
Transfer of Undertakings) Act, 1970 w.e.f. March 17, 2012, resigned
and ceased to be Director of the Bank from 25th April, 2013. The Board
of Directors placed on record their appreciation for valuable guidance
provided by Dr. Pritam Singh, during his tenure as Director on the
Board of the Bank.
9.8 Shri S. K. Jindal, Government Nominee Director, appointed
under clause (b), sub-section (3) of Section 9 of Banking Companies
(Acquisition and Transfer of Undertakings) Act, 1970/1980 read with
sub-clause (1) of clause 3 of Nationalized Banks (Management &
Miscellaneous Provisions) Scheme, 1970/1980 w.e.f. 2nd December,
2011, ceased to be Director of the Bank from 29th September, 2013.
The Board of Directors placed on record their appreciation for valuable
guidance provided by Shri S. K. Jindal, during his tenure as Director on
the Board of the Bank.
9.9
.9
31 , 2014
.
.
9.9 Shri Ashok Dutt, Executive Director, retired from the Board on
January 31, 2014, upon attaining superannuation. The Board of
Directors placed on record their appreciation for valuable contribution
made by Shri Ashok Dutt during his tenure as Executive Director on the
Board of the Bank.
9.10 , ( ) ,
1970/1980 3 (I) (
) 1970/1980 9 -(3)
() 30 ,2013
, 15 2014
.
.
10.
31 2014
:
9.10 Shri Rajat Sachar, Government Nominee Director, appointed

under clause (b), sub-section (3) of Section 9 of Banking Companies
(Acquisition and Transfer of Undertakings) Act, 1970/1980 read with
sub-clause (1) of clause 3 of Nationalized Banks (Management &
Miscellaneous Provisions) Scheme, 1970/1980 w.e.f. 30th September,
2013, ceased to be Director of the Bank from 15th April, 2014. The
Board of Directors placed on record their appreciation for valuable
guidance provided by Shri Rajat Sachar, during his tenure as Director
on the Board of the Bank.
I.
II.
III.
IV.
10. Directors Responsibility Statement

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

.

.

- .
I.
That in the preparation of the annual accounts, the applicable

standards have been followed along with proper explanation
relating to material departures.
II.
That they have selected such accounting policies and applied

them consistently and made judgments and estimates that are
reasonable and prudent as to give a true and fair view of the state
of affairs of the Bank at the end of the financial year and of the
profit or loss of the Bank during the period.
III.
That they have taken proper and sufficient care for the maintenance
of adequate accounting records in accordance with the provisions
of applicable laws governing banks in India for preventing and
detecting frauds and other irregularities.
,

.
IV.
That they have prepared the annual accounts on a going concern

basis.
18

11.
11.1 ,

.
11.2 ,
.
11. Acknowledgments
11.3 /
.
11.3 The Board of Directors are also thankful to the Financial Institutions
/ Banks and Correspondents for their cooperation and support to the
Bank.
11.4
.

.
11.4 The Board of Directors wish to place on record, the deep

appreciation of the valuable contribution made by the staff, at all levels,
for the progress achieved in Banks business. The Directors look
forward to their continued cooperation in faster business development
and progress of the Bank.
For and on behalf of Board of Directors
: 10 , 2014
:
( )

11.1 The Board of Directors expresses its patronage and sincere

thanks to the Banks valued customers, shareholders and well wishers
for their valuable contribution towards the progress of the Bank and
seek their continued support and co-operation in future.
11.2 The Board of Directors acknowledges with gratitude, the timely
advice, valuable guidance and support received from Government of
India and Reserve Bank of India.
Date: 10th May 2014

Place: Mumbai
(Ashwani Kumar )
19
MANAGEMENT DISCUSSION AND ANALYSIS 2013-2014

1.
2013 :
2014 .
(..)
. (.....)
,
.

.
,
. 2014
. .... .
. ,

.
:
.
2013 3% 2014
3.4% 2015 3.9% .
2.
2011-12 2012-13 , 2013-14
. 2013-14
: 4.8% 4.7%
. 2013-14 ... 4.7% 2012-13
4.5 % . , ,
. , 2014-15
.
2013-14 (...)
... 1.7% .
... 2013 11.20% 2014 8.10%
... 25 . ,
, 2014 .
, ( 2013 2014) ...
7.50% 4.70% .
2012-13 1.0% , 2013-14
0.7% . 2

.
3.
... 2015 8%
2016 6% .
.
2014-15 ...
5% 6%

.
.
4.
, 2013-14 13.47% ,
2013-14 14.63% . - 14.26%
, 15% ( 2013-14
), 14.68%
.
1.
Global Economic Developments
Global activity strengthened during the second of calendar year 2013 and
is expected to grow in calendar year 2014. The Advanced Economies
(AEs) have started showing signs of recovery and driving the pick up
in global growth. The output growth of Emerging Market Developing
Economies (EMDEs) that contribute two-thirds of global growth is
expected to be lifted by stronger exports to advanced economies.
Annual growth is projected to rise above trend in the United States and
to be close to trend in the core euro area economies. In the stressed
euro area economies, however, growth is projected to remain weak and
fragile. In Japan, fiscal consolidation in calendar year 2014 is projected
to result in some growth moderation. Growth in EMDEs is projected to
pick up only modestly.
Downside risks continue to dominate the global growth outlook. In
advanced economies, major concerns include downside risks from low
inflation and the possibility of protracted low growth, especially in the
euro area and Japan. In emerging market economies, vulnerabilities
appear to be mostly localized.
Looking ahead, global growth is projected to strengthen from 3% in
calendar year 2013 to 3.4% in calendar year 2014 and 3.9% in calendar
year 2015.
2.
Domestic Economic Development
The economic slowdown registered during 2011-12 and persisted

during 2012-13 seems bottomed out in Q1 of 2013-14. Growth rate
recorded improvement during Q2 and Q3 of 2013-14 to 4.8% and 4.7%
respectively. For the FY 2013-14 the GDP growth is 4.7% which is
higher than the 4.5% growth achieved during 2012-13. However this
improvement has been feeble and clear signs of recovery are yet to
emerge, even the economy seems to be gearing for a modest recovery
during 2014-15.
For the year 2013-14 as a whole, Indias current account deficit (CAD)
narrowed sharply to 1.7% of GDP.
CPI declined from 11.20% in November 2013 to 8.10% in February
2014 which is a 25-month low in CPI. However it increased slightly in
the subsequent months of March and April, 2014 due to increase in food
prices. Similarly, during the same period (November 2013 to February
2014) WPI also recorded a significant fall from 7.50% to 4.70%.
After growing by a moderate 1.0% in FY2012-13, industry decelerated
further to 0.7% in FY2013-14. Mining sector has been in the red for
nearly 2 years because policy bottlenecks plaguing coal and natural
gas have not been resolved and bottlenecks restricting fuel supplies
have hampered electricity generation.
3.
Reserve Bank of India Policy Stance
The Reserve Bank aims to bring CPI inflation to 8 per cent by January
2015 and 6 per cent by January 2016. It has indicated that if the
economy stays on this course, further policy tightening will not happen.
RBI has further articulated that for the FY 2014-15 the GDP growth will
be about 5% to 6% and foresee easing of domestic supply bottlenecks
and progress in the implementation of stalled projects which would
improve performance of both manufacturing and services sectors. It
has also noted that the resumption of export growth and envisages that
as world trade gathers momentum, the exports would further improve.
4.
Banking Industry Trends
The Banking sector Growth, which was at 13.47% at the beginning

of the Financial Year 2013-14, increased to 14.63% at the end of the
Financial Year 2013-2014. The non-food Credit registered a Growth
of 14.26%, as against 15% projected growth (As per Monetary Policy
Review of RBI 2013-14), and it is also less than the previous year
Growth of 14.68%.
20

5.
5.1 : Particulars
Total Deposits
Total Advances

Total Business Mix
5.2 2013 ` 1,63,664
2014 ` 1,88,650 15.27% .
5.3 2013 ` 97,207
2014 ` 1,10,028 13.19%
.
5.4 2013 ` 66,457 2014
` 78,622 18.31% .
6.
6.1 2013-14
` 12,821 . 2012-13 2013-14
:
5. Business Performance of the Bank

5.1 The composition of Total Business Mix of the Bank for the last two
years is as under:
(` ` In crore)
31 March 2013
31 March 2014
Growth %
97,207
1,10,028
66,457
78,622
1,63,664
1,88,650
13.19
18.31
15.27
5.2 Business Mix of the Bank has increased from ` 1,63,664 crore
as of March 2013, to ` 1,88,650 crore as of March 2014, registering a
growth of 15.27%.
5.3 Total Deposits have grown to the level of ` 1,10,028 crore as
of March 2014 as compared to `97,207 crore as of March 2013,
registering a growth of 13.19%.
5.4 Total Advances of the Bank stood at ` 78,622 crore as of March
2014 as compared to `66,457 crore as of March 2013, registering a
growth of 18.31%.
6.
Deposits Mobilization
6.1 The incremental growth in different segments of Deposit was to
the extent of ` 12,821 crore during the FY 2013-14. A comparative
position of Deposits for the FY 2012-13 and 2013-14 is as under:
(` ` In crore)
PARAMETERS
Current Deposits
Savings Deposits
Term Deposits

Aggregate Deposits

Inter Bank Deposits

Total Deposits
(%) ../..
CASA to Total Deposits
( )
2013-14
28.84% 28.01% .
9.91% 5.45% .
10.18% , -- ,
13.43% .
7.
` 12,165 31.03.13
` 66,457 31.03.14 ` 78,622 ,
18.31% . ....,
.
31 March 2013
6,755 (7.69%)
21,283 (24.21%)
59,854 (68.10%)
87,892
31 March 2014
6,673 (6.85%)
24,142 (24.78%)
66,587 (68.37%)
97,403
9,314
12,624
97,207
1,10,028
28.84%
28.01%
(Figures in bracket indicate percentage deposits to aggregate deposits)

Share of CASA Deposits to Total Deposits during 2013-14 declined
to 28.01% from 28.84% in the previous year. During the year, CASA
increased by 9.91% as compared to 5.45% in the previous year.
Savings deposits increased from 10.18% to 13.43% on Y-O-Y basis,
over previous year.
7.
Credit Deployment and Delivery
The advances of the bank increased by ` 12,165 crore from ` 66,457

crore as on 31.03.13 to ` 78,622 crore as on 31.03.14, registering a
growth rate of 18.31%. During the year, focused attention was given
for accelerated lending under MSME, Agriculture and Retail sector,
strategically with policy of risk diversification
21

30000
2012-2013
2013-2014
27,955
25000
20000
20,106
15000
13,217
10,673
10000
7,724
9,706
6,719
8,016
5000
0
Large Ind.
MSME
Retail
Agriculture
~S o CmoJ
EEgEB
IwXam
H {f
, ...., : 39.04%, 23.84%,

25.67% 19.30% . ....
,
.

- , , , ,
, (...)
(...), .... ...
, .

. , ,
.
8.
8.1
.
-
. 2013 `18,868
2014 ` 23,389 , 23.96%
. 2014
40% 35.22% .
8.2

. 2013
`6,719 2014 `8,016 ,
19.30% .
12.07 % .
8.3
2013-14 ` 4,300
` 4,470 ,
104% .
8.4.

. 2014 ` 4,314
2,94,528 , 2013
` 3,010 2,34,749 .
The growth in Large Industries, MSME, retail and agriculture advance

has been 39.04%, 23.84%, 25.67% and 19.30% respectively.
The growth in credit was achieved through intense marketing
of various loan product of the Bank both under retail, MSME and
corporate segment.
In order to provide single window facility with speedy disposal, the Bank
has opened various specialized credit outlets viz. Corporate Business
Branch (CBB) & Industrial Finance Branch (IFB) at major centers viz.
New Delhi, Mumbai, Chennai, Kolkata, Indore & Ahmedabad, MSME
processing centre for MSME advances, Retail Assets Branch for retail
products.
Credit Monitoring & Asset Quality
The Bank has put in place robust monitoring system for ensuring good
quality of assets. Based on Early Warning System, accounts are put on
close watch wherever required to arrest slippage in assets.
8.
Advances to Priority Sector
8.1 The Bank has been consistently fulfilling its social obligations in
respect of priority sector lending. The Bank has adopted multipronged
strategies during the year, to augment credit flow to this sector. Priority
Sector Advances of the Bank have thus increased from the level of `
18,868 crore as of March, 2013 to ` 23,389 crore as of March, 2014,
registering a growth of 23.96 %. The ratio of priority sector advances to
Adjusted Net Bank Credit stood at 35.22% as of March, 2014 against
the regulatory benchmark of 40%.
8.2 Lending to Agriculture
In line with the Governments Farm Credit Package, the Bank has
been continuously taking necessary measures to step up the flow of
credit to agriculture. During the year, the outstanding under agriculture
credit increased from the level of ` 6,719 crore as of March, 2013 to
` 8,016 crore as of March 2014, registering a growth of 19.30 %. The
outstanding exposure under agriculture credit represented 12.07% of
the Adjusted Net Bank Credit.
8.3
Progress under Special Agricultural Credit Plan
The Bank has disbursed ` 4,470 crore during the year 2013-14 under
Special Agriculture Credit Plan as against the target of ` 4,300 crore
thus registering 104% achievement of the target set for the Bank.
8.4
Dena Kisan Credit Cards
As per the extant guidelines of GOI, Bank has implemented Revised

Kisan Credit card Scheme. The Bank has issued total 2,94,528 Kisan
credit cards involving an outstanding credit of `4,314 crore as of March
2014 as against of 2,34,749 cards amounting to ` 3,010 crore as of
March 2013.
22

, ...
, ... ...
.
8.5 2%
,
2012-13 ` 48.18
2013-14 ` 38.33 .
8.6
, ,
2013 ` 4,063 , 2014 ` 4,602
13.27 % .
6.93 % .
8.7 ......

(......)
.
13,338 ` 718.64 .
8.8 15
2014 ` 3452
14.76% .
8.9

01.04.2008
(....) (....)
(.....)
.

. ..... 354
` 39.80 (.
...) 1,041 `10.44
. , ....
(....)
1 , 2013 (....)
. .... 10325
`120.33 .
8.10 (....)

` 25000/- . 2014
22,409 .. .. .
8.11 /
100%
.

( )
08.08.2007 .
31.03.2014 , , , ,
13
. .
, ,
,
. ... .
Further, Bank has also issued ATM enabled RuPay debit card to eligible
farmers which will facilitate the farmers for transaction through ATM &
at Point of Sale (PoS)
8.5 Relief to Farmers under Govt. of Indias 2% Interest
Subvention Scheme
Under Interest Subvention Scheme for Short Term Crop Loans of Govt.
of India, as on date, Bank has claimed Interest Subvention ` 48.18 crore
for the year 2012-13 and ` 38.33 crore for the year 2013-14 from RBI.
8.6
Advances to weaker section
Consistent with the growth in priority sector advances, the advances to

the weaker section increased from a level of ` 4,063 crore as of March
2013 to ` 4,602 crore as of March 2014, registering a growth of 13.27%.
The Bank advances to Weaker Section stood at 6.93 % of the Adjusted
Net Bank Credit.
8.7
Coverage under CGTMSE scheme
The Bank has been participating under the guarantee scheme of the
Credit Guarantee Fund Trust for Small and Micro Enterprises (CGTMSE)
to provide collateral free loans to small and microenterprises. The total
number of cases covered under the scheme stood at 13338 with a
guarantee cover of ` 718.64 crore, as at the end of the financial year.
8.8 Prime Ministers 15 point Programme for the welfare of
Minorities
The credit flow to minority communities has stood at the level of ` 3452
crore as of March 2014, which constitutes 14.76 % of Priority Sector
Advances.
8.9
Government Sponsored Schemes
The Govt. of India has introduced Prime Ministers Employment

Generation Programme (PMEGP) by merging Rural Employment
Generation Programme (REGP) and Prime Ministers Rozgar
Yojana (PMRY) for generation of employment opportunities through
establishment of micro enterprises in rural as well as in urban areas
effective from 01.04.2008.
The Bank is actively implementing government sponsored schemes
aimed at eradication of poverty and for generating self employment.
The Bank has sanctioned loans to 354 beneficiaries under PMEGP
amounting to ` 39.80 crore and granted loans to 1,041 beneficiaries
under Swarna Jayanti Shahari Rozgar Yojana (SJSRY) to the tune
of `10.44 crore. The Ministry of Rural development Govt. of India has
launched National Rural Livelihood Mission (NRLM) by restructuring
Swarna Jayanti Gram Swarozgar Yojana (SGSY) replacing the existing
SGSY scheme, effective from April 1, 2013. Total 10,325 beneficiaries
amounting to ` 120.33 crore have been covered under the NRLM
Interest Subvention Scheme.
8.10 Dena General Credit Card (DGCC) Scheme
The Bank is providing overdraft facility upto ` 25,000/- under this
scheme to borrowers of small means under rural and semi-urban areas.
The Bank has issued 22,409 DGCC Cards as of March 2014.
8.11 Credit Counselling Centres / Financial Literacy
RBI has directed the Banks to open Credit Counselling centres in
the respective Lead districts to ensure 100% financial inclusion.
Accordingly, in pursuance with the guidelines of RBI to set up credit
counselling centres, Bank rolled out its 1st Credit Counselling centre at
Himatnagar (Dist. Sabarkantha) in Gandhinagar zone on 08.08.2007.
Bank has opened 13 Credit Counselling centres at Palanpur, Mehsana,
Bhuj, Himmatnagar and Gandhinagar in the state of Gujarat and
Silvassa in the UT of Dadra& Nagar Haveli as of 31.03.2014. The said
centres are christened as Dena Mitras.
Bank has been allocated the Lead Bank responsibility in five more
districts i.e. Aravali, Botad, Devbhumi Dwarka, Gariabandh and Balod
of Gujarat & Chattisgarh state and Bank is in process of opening of
FLCs in these districts.
23

8.12
8.12.01 (.....)
` 350.00
(....) . ....
12 (.....)
(1) , (2) , (3) , (4) ,
(5) , (6) (7) , (8) , (9)
, (10) , (11) (12)
,
.
4 ..... - , ,
. .....
` 3.86 .
, 2012-13
, , 7 2
.
8.12.02
,

.
(...) ,

:` 2000/- ` 1500/- .
2,447 .
8.12.03 ....
(.
...)
:
. ` 8.00
.
8.13 (....)

, .....
.
,

.
8.14
18
10 , 7
.
8.15

. 1 , 2013
(....)
.
193 8 . 2014
` 4148.78 . 31.03.2014
.... ` 22.12 .
8.12 Corporate Social Responsibility

8.12.01 Rural Self Employment Training Institutes (RSETIs)
Dena Bank has set up a Society known as Dena Rural Development
Foundation (DRDF) with a corpus of ` 350.00 lac. DRDF in turn has set
up 12 Rural Self Employment Training Institutes (RSETIs) in its lead
districts viz (i) Ahmedabad, (ii) Kutch, (iii) Mehsana, (iv) Banaskantana,
(v) Sabarkanta (vi) Patan in the state of Gujarat, (vii) Durg, (viii)
Dhamtari (ix) Mahasamund (x) Raipur (xi) Rajnandgaon in the state
of Chattisgarh and (xii) Silvassa in the U. T. of Dadra & Nagar Haveli
where bank is shouldering the responsibility of lead bank.
Bank has initiated steps for construction of building at 4 RSETII centres
namely Mehsana, Palanpur, Patan & Ahmedabad. Additional amount
of ` 3.86 crore has been committed for construction of RSETIs building.
During the grading exercise for the year 2012-13 by Ministry of Rural
Development, Govt. of India, RSETI Patan & Dhamtari has been graded
AA, 7 RSETIs as BA & 2 RSETIs as BB.
8.12.02 Sponsoring Education of Girl Child
As a part of corporate social Responsibility, the Bank had introduced
a Noble scheme viz. Dena Laxmi Shiksha Protsahan Yojana to
sponsor education of Girl students in the villages served by the Bank.
The scheme aims at providing a scholarship of ` 2000/- and ` 1500/per annum to girl students belonging to Below Poverty Line (BPL)
family, selected from each of the schools based on first and second
rank respectively secured in 7th Standard, from the villages under the
command area of the Bank. The Bank has so far provided scholarships
to 2,447 girl students under the scheme.
8.12.03 Mediclaim policy for DKCC borrowers
As a part of corporate social responsibility, Bank under tie-up with United
India Insurance Company (UIIC) has devised a scheme for the benefit
of farmers to provide free cashless mediclaim facility to the farmers
& their family members with cover up to Rupees Thirty Thousand. A
corpus of ` 8.00 crore has been allocated for this scheme.
8.13 State Level Bankers Committee (SLBC) Responsibilities
The Bank has been discharging its responsibilities as a Convener of
SLBC for the State of Gujarat and also as Convener of UTLBC for the
Union Territory of Dadra & Nagar Haveli and Daman & Diu. The SLBC
has played catalytic role for the development of banking in the State of
Gujarat, UT of Dadra & Nagar Haveli and Daman & Diu through constant
monitoring of various Priority Sector and developmental schemes.
8.14 Lead Bank Scheme
The Bank is successfully discharging its lead bank responsibility in
18 districts; of which 10 districts are located in Gujarat, 7 districts in
Chhattisgarh and one in Union Territory of Dadra & Nagar Haveli.
8.15 Regional Rural Banks sponsored by the Bank
The Bank earlier had sponsored two RRBs namely Dena Gujarat Gramin
Bank (DGGB) in the State of Gujarat and Durg Rajnandgaon Gramin
Bank (DRGB) in the State of Chhattisgarh. On 1St September 2013
Durg Rajnandgaon gramin Bank (DRGB) in the State of Chhattisgargh
has been amalgamated with Chhattisgargh Gramin Bank sponsored by
State bank of India. Dena Gujarat Gramin Bank has a network of 193
branches spread over 8 districts of Gujarat. The total business mix of
DGGB stood at ` 4148.78 crore as of March 2014. During the financial
year ended 31st March, 2014, net profit of DGGB is ` 22.12 crore.
24

8.16
(...) - (.
...) ... . 31 2014
.... 193 ... .
9
9.1.
,

.

(...) . (. ...)
. .. (..)
.
9.1.1 :

(..) 2014
2768 .
, 2958 ,
154 2804 ..
.
9.1.2. (.....)
. 2014 ` 4.25
4.41 ..... . , 2014
24.55 ......
9.1.3. (.....) ..
4.25 2014 .
..... 4.41 ..... ..
. , 17.05 .....
.. .
9.1.4.
2014 ` 4314.23 2.95
.
9.1.5.
2014 ` 40.08 0.22
( ) .
9.1.6. (...) ..
... (.
...) .
.... 2000 243 ,
.
.... 2000 376 ,
.
9.1.7
2000 3502
2014 .
2000 6223
2014 .
9.1.8
2000 30
2014 .
8.16 Core Banking Solution at Regional Rural Banks

Bank had initiated the process of implementation of CBS in Banks
Regional Rural Bank (RRB) i.e. Dena Gujarat Gramin Bank (DGGB). As
on 31st March, 2014, 193 branches of DGGB have been successfully
brought under CBS platform.
9.
Financial Inclusion
9.1. Rural Financial Inclusion

The Bank has a Financial Inclusion Plan which envisages road map for
providing banking services through banking outlets in villages allocated
to it by various SLBCs under Lead Bank Scheme.
The Bank has engaged M/s Tata Consultancy Services (M/s TCS) as
the Application Service Provider (ASP) for implementation of FI Plan.
Bank has engaged individual Business Correspondents (BCs) in FI
villages.
9.1.1 Progress in coverage of villages
Bank has been allotted 2768 villages under Financial Inclusion for
coverage by March 2014 through Brick and Mortar Branch and
Business Correspondent (BC) model.
Against this target, 2958 villages have been covered, of which 154
villages by opening Brick & Mortar Branches and 2804 villages by
engaging BCs.
9.1.2 Basic Savings Bank Deposit Accounts (BSBDAs)
Total 4.41 lakh BSBDAs have been opened in the FI Villages as of
March 2014 against the target of 4.25 lakh accounts. However, the
number of BSBDAs is 24.55 lakh for Bank as a whole as of March 2014.
9.1.3 Inbuilt OD facility in Basic Savings Bank Deposit Accounts
(BSBDAs)
All BSBDAs in FI villages i.e. 4.41 lakh BSBDAs have been extended
with in built OD facility as of March 2014, against the target of 4.25 lakh
accounts. Bank as a whole, inbuilt OD facility is extended to 17.05 lakh
BSBDAs.
9.1.4 Dena Kisan Credit Cards
As of March 2014, Bank has issued 2.95 lakh Dena Kisan Credit Cards
with credit limit amounting to ` 4314.23 crore.
9.1.5 Dena General Credit Cards:
As of March 2014, Bank has issued 0.22 lakh Dena General Credit
Cards (including Artisan Credit Cards) limit amounting to ` 40.08 crore.
9.1.6 FIP for Regional Rural Banks (RRBs)
Dena Bank has sponsored one RRBs namely Dena Gujarat Gramin
Bank (DGGB) in the State of Gujarat.
DGGB has been allocated 243 villages with population above 2000, all
have been covered.
DGGB has been allotted 376 villages with population below 2000, all
have been covered through BC model.
9.1.7 FIP for the State of Gujarat
A total of 3502 villages having population above 2000 were allotted to
various Banks and all have been covered by March 2014.
A total of 6223 villages having population below 2000 were allotted to
various Banks and all have been covered by March 2014.
9.1.8 FIP for the Union Territory of Dadra & Nagar Haveli
30 villages having population above 2000 were allotted to various
Banks and all have been covered by March 2014.
25

2000 3
2014 .
9.2
.. . .. ,
,
/ ,
.
, 2014 199
, , , , ,
. 31.3.2014 /
2,53,174 .
9.3.
9.3.1 I :
. 01.01.2013 43
(...) .
43 34 170 . 34
133 .
. 31 , 2014 170 ...
. 5574 . 5574
, ... ....
.
9.3.2 II : 78
1 2013 .
40 195 . 40 ,
535 . .
31 , 2014 195 ... . 42310
. 13495 .
... .... .
....
(....) (..
..) .
9.4. .
.....
(.....) . 32
13 . , 2014
94,78,248 .
10.
....
.
...
10.50% 14.30% .

.
` 2.5 ` 25
....
.
... 3
.
.... 23.84 %
. .... 31.03.2013 ` 10672.67
31.03.2014 `13217.43 .
3 villages having population below 2000 were allotted to various Banks

and all have been covered by March 2014.
9.2. Urban Financial Inclusion:
In Urban areas, Bank is implementing Financial Inclusion through
corporate BC, M/s Geosansar Advisors Pvt. Ltd. using Kiosk Banking
Solution by covering unbanked pockets of urban centers, which are
predominantly inhabited by people having no / difficult access to
banking services i.e. migrant population and labourers .
At the end of March, 2014, 199 Kiosks have been set up in various urban
centers of Gujarat viz Ahmedabad, Rajkot, Surat, Vadodara, Jamnagar,
Junagarh & Bhavnagar. As on 31.03.2014, 2,53,174 accounts of the
migrant labourers / slum dwellers have been opened.
9.3. Direct Benefit Transfer
9.3.1 Phase I : Govt. of India has launched Direct Benefit Transfer
(DBT) Scheme in phases. DBT is launched on pilot basis in 43 districts
in 1st phase w.e.f. 01.01.2013.
Bank has presence in 34 districts out of these 43 districts with 170
branches. In these 34 districts, 133 villages have been allotted to the
Bank. All households in these allotted villages are covered. As of 31st
March 2014 all 170 branches have been installed with ATMs. Accounts
opened for all 5574 beneficiaries. Aadhaar numbers are available in
these 5574 beneficiaries; all are seeded in CBS and mapped to NPCI
mapper.
9.3.2 Phase II : Govt. of India has decided to extend Direct Benefit
Transfer in 78 more districts in phase II and the same was launched
on 1st July 2013.
Bank has presence in 40 districts with 195 branches. In these 40
districts, 535 villages have been allotted to the Bank. All households
in these allotted villages are covered. As of 31st March 2014, all 195
branches have been installed with ATMs. Accounts opened for all
42310 beneficiaries. Aadhaar numbers are available in 13495 cases,
all are seeded in CBS and mapped to NPCI mapper.
Bank has implemented Aadhaar Payment Bridge System(APBS) and
Aadhaar Enabled Payment system(AEPS) through NPCI as Sponsor
Bank as well as Destination Bank.
9.4. Aadhaar Enrolment under UIDAI
Bank is Non State Registrar of Unique Identification Authority of India
(UIDAI). In 2nd phase, Bank has selected 32 Enrolment Agencies
and has been carrying out Aadhaar Enrolment in 13 States. Bank has
already enrolled 94,78,248 residents for Aadhaar Number as of March,
2014.
10. Advances to MSME Sector
MSME sector has been identified as one of the growth engines for
increasing credit portfolio of the Bank.
Rate of Interest under MSME sector are in the range of 10.50 % to
14.30% as per the Internal Credit Rating.
Training programmes on regular intervals were conducted for officers
for improving skills for processing of loan proposals.
Bank has entered into Tie up with CRISIL and Dun & Bradstreet for
doing due diligence of MSME borrowers with credit limits above ` 2.5
crore to up to ` 25 crore.
Bank has also Tie-Up with various 3 Wheeler & commercial vehicle
manufacturing companies to increase MSE financing.
All these measures resulted in growth of MSME credit by 23.84% on
Y-o-Y basis as of 31.03.2014. In absolute terms, the MSME advances
increased from ` 10,672.67 crore as of 31.03.2013 to ` 13,217.43 crore
as of 31.03.2014.
26

... ( ) 31.29%
31.3.2013 `9092.90 31.3.2014 `11938.47
.
11.
11.1
. 11
. ,

- .
.
`1559
24.07% (31.3.2013 `6480 31.3.2014
`8039 ). `7,724 `9,706
`1982 (25.67 %) .
Credit to MSE (Micro & Small Enterprises) sector grew by 31.29%

from ` 9,092.90 crore as of 31.03.2013 to ` 12,109.71 crore as of
31.03.2014.
11.
Retail Credit
11.1 Retail Credit has been identified as one of the growth engines for
increasing credit portfolio of the Bank. The Bank has 11 Retail Banking
Schemes catering to various needs of a customer. The schemes
are modified from time to time keeping in view the market scenario,
customer requirements and feed-back from field functionaries.
Concerted efforts were made to popularize the retail banking schemes
through wide publicity.
During the financial year, the outstanding amount under Direct Retail
credit registered a growth of ` 1,559 crore i.e. 24.07% (from ` 6,480
crore as of 31.3.2013 to ` 8,039 crore as of 31.3.2014). Total retail has
increased from ` 7,724 crore to ` 9,706 crore i.e. an increase of ` 1,982
crore (25.67%)
(`. )(Amt `.in crs)

31 March 2013
Direct Retail
6479.87
Indirect Housing
1243.80
Total Retail
7723.67
11.2

,
, , , , , , ,
(), .... , 11
.
11.3 :
, `1181
`1616 `435 (36.90%) .
11.4
`3222
`3799 `577 (17.92%) .
7374 `1040
.
11.5
3834 `56.65
.
11.6 :
`810
1274 `464 (57.35%) .
31 March 2014
8039.33
1666.75
9706.08
12.

, , .
-,
. ..
.
2014 . ,
, -
.
12. Investment
Growth Amt.
1559.46
422.95
1982.41
% growth
24.07
34.00
25.67
11.2 Retail Asset Branches

In order to take advantage of the potential available for enlarging Banks
retail lending portfolio and also to ensure better quality, uniformity and
speed in appraisal and sanctions, 11 Retail Asset Branches (RABs) are
functioning at various centres viz. at Hyderabad, Bangalore, Chennai,
Lucknow, Pune, Surat, Bhopal, Bhandup (Mumbai), Juhu Vile Parle
(Mumbai), Kolkata and New Delhi.
11.3 Mortgage Loan
The outstanding under Mortgage Loan Scheme, increased from ` 1,181
crore to ` 1,616 crore as at the end of the year i.e. an increase of ` 435
crore (36.90%).
11.4 Housing Finance
The outstanding under Direct Housing Finance Scheme, increased
from ` 3,222 crore to ` 3,799 crore as at the end of the year i.e. an
increase of ` 577 crore (17.92%).
Fresh disbursements to the tune of ` 1,040 crore were made in 7374
accounts during the year towards housing loan.
11.5 Education Loan
Fresh disbursements to the tune of ` 56.65 crore were made in 3834
accounts during the year towards education loan.
11.6 Trade Finance Scheme
Outstanding under the Trade Finance Scheme, increased from ` 810
crore to ` 1,274 crore as at the end of the year i.e. an increase of ` 464
crore (57.35%).
The Banks Treasury handles operations covering activities in various

markets i.e. Foreign Exchange, Fixed Income, Equity and Money
Market. Treasury played an active role in all segments of the market
Funds, Forex and Bonds during the year. Our Dealing room is equipped
with one of the best IT infrastructure having Dealing platforms supported
by Market Information Terminals. During the FY 14, the yields for all
Govt. Securities moved within a very wide range. The focus of the
Treasury was to improve the Trading Profit level by taking advantage
of the gap in yields and favorable market movement during the earlier
part of the year while at the same time protecting the overall yield of the
investment portfolio.
27

,

.
`359.57
2012-13 `245.99 46% .
`284.64
`157.14 81% .
--
.

.
.
7.35% . 31.03.2014
`37087.79 , 31.03.2013
`34547.43 .
... `26,845.19 `29,372.82
. ..
. `7,702.24 `7,714.97 .
31 2013 `2,019.46 31
, 2014 `2,556.86 , 26.61%
.
31.03.2013 7.63% 31.03.2014
7.57% . 4.11 .
Taking advantage of G-Sec rate movements, Treasury was able to

vigorously churn out its portfolio during the year and earned profit from
trading and sale of securities.
13.
.
/
.
. 31 2014
`2,915 .

,
.
... . ..
. 27% 31 2014
` 2,953 . ..
,
44 .
.
.. . ....
,
.
... .. .
2013-14
... ...
.. ...
.
2013 -14 ` 51,000
.
9 19
.
2013-14 , .. .
13.
The total Profit of Treasury from Forex transactions and sale of

investments was ` 359.57 crore during the year vis a vis corresponding
figure of ` 245.99 crore during 2012-13 evidencing a growth of 46%.
The Profit from Sale of Investments was ` 284.64 crore during the year
compared to ` 157.14 crore in the previous year i.e. a growth of 81%.
Banks investment decisions are based on risk-return-trade off and
Bank is scrupulously following all mandatory regulatory and internal
guidelines. All new investments made by the Treasury were strictly
in accordance with the Treasury Policy of the Bank. The investments
have been maintained in various maturity mixes consistent with risk
perceptions.
Gross domestic investments of the Bank grew by 7.35% to reach `
37,087.79 crore as on 31.03.2014 from the level of ` 34,547.43 crore
as on 31.03.2013.
The SLR securities have increased from ` 26,845.19 crore to `
29,372.82 crore in line with the increase in Demand and Time Liabilities
of the Bank. Non SLR Securities have increased from ` 7,702.24 crore
to ` 7,714.97 crore.
The interest income from investment has gone up from ` 2,019.46 crore
during the year ended 31st March 2013 to ` 2,556.86 crore during the
year ended 31st March 2014 i.e. increase of 26.61% on YOY basis.
The average yield on investments has moved from 7.63% for year
ended 31.03.2013 to 7.57 % for the year ended 31.03.2014.The
Modified duration of the portfolio was improved to 4.11.
International Banking Business
The Bank continues to offer a variety of trade finance products to the

customers. The customers are quoted very competitive exchange
rates to enable them to be competitive in the domestic/ global market.
Exporters are being financed in Indian Rupees as well as foreign
currency as per their requirement. Export Credit outstanding as of
March 31, 2014 stood at ` 2,915 crore.
The interest subvention scheme as designed by RBI has been made
available to the exporter customers in certain specified sectors, thus
passing on the benefits of concessional interest.
The Bank continues to focus on development of NRI business. NRI
deposits grew by 27% to touch ` 2,953 crore as of March 31, 2014.
During the year, one branch was designated as B Category AD
Branch taking the total number of Authorized Dealer branches to 44
including Treasury.
It is envisaged to revitalize and evolve a robust foreign inward
remittance model which will enhance NRI business. It is also proposed
to tie-up with Exchange Houses abroad and with Money Transfer
Service providers under MTSS to facilitate foreign inward remittances.
Bank has installed e-learning software Instant NRI and instant LC on
its intranet for use across branches.
During the year 2013-14, NRI Desk has been established with a
dedicated mailing ID for facilitating inward remittances and resolving
other issues of the existing and prospective NRI customers and develop
NRI Business.
Merchant forex business turnover of the Bank was around ` 51,000
crore during 2013-14.
The Bank maintains correspondent relationship with prime Banks
abroad and maintains 19 Nostro accounts in 9 currencies.
The Bank opened Representative Office in London, UK in the financial
year 2013-14.
28

14.
, 2013-14
...
. ...
...
. ,
.
... ...
.
... 2014 3.33% 2013 2.19% .
14. Asset Quality & Recovery Management
31.3.2014 ... ` 2,616 ,

31.3.2013 ` 1,452 .
... 2014 2.35% , 31.03.2013
1.39% . 2014 ... ` 1818.92 ,
2013 ` 917.18 .
The Gross NPA in absolute terms stood at ` 2,616 crore on 31/03/2014

as against ` 1,452 crore on 31/03/2013
Bank made concerted efforts to maintain asset quality and effective

NPA management during the year 2013-14 despite large slippages
experienced by the banking industry in general. The Banks performance
in NPA management is directly attributed to the concerted efforts made
for up gradation of recently slipped NPAs and cash recovery. Action
under SARFAESI Act, recovery through compromise settlements and
sale of assets resulted in improving the cash recovery and up gradation
to a considerable extent. The proactive steps taken by the Bank in NPA
reduction ensured that level of NPAs is maintained at a low level.
The Gross NPA, stood at 3.33% as of March 2014 as compared to
2.19% as of March 2013.
The Net NPA ratio of the Bank stood at 2.35% as of March 2014 as against
1.39% as on 31.03.2013. Net NPAs in absolute terms stood at ` 1,818.92
crore as of March 2014 compared to ` 917.18 crore as of March 2013.
( `. )(`. In Crore )
Gross Advances
... Gross NPA'S
...
Gross NPA to Gross Advances
Net Advances
... Net NPA'S
...
Net NPA to Net Advances
( )Provision Coverage Ratio (including prudential write off )
( ) 56.44% .
, ...
.. / .. ... .
.

.
.. .
2013-14 ` 416.38
( 2012-13 ` 227.44 ), ` 361.05 (2012-13
`159.13 )
` 187.24 (2012-13 ` 78.73 ) .
1821 25,302
. 7,662
` 42.60 ` 21.21 1233
. ` 2 0.57
.
2014 ...
7,780 `61.18
, ` 43.84 ,
, 2013 3,482 ` 51.54
` 42.45 .
31 March 2013 31 March 2014

66456.88
78621.88
1452.45
2616.03
2.19%
3.33%
65780.43
917.18
1.39%
77553.78
1818.92
2.35%
69.58%
56.44%
Provision coverage ratio (including prudential write off) stood at 56.44%.

Special attention was given to recovery in NPAs through multiple
actions including negotiated settlements and sale of NPAs to SCs/RCs.
Special recovery drives continued for recovery in written off accounts.
Recovery camps and Lok Adalats were organized at Zonal Offices and
major centers on regular intervals. Nodal Officers were nominated for
each DRT for follow up of the pending cases and to co-ordinate with the
Advocates for speedy recovery.
The Bank recorded highest ever cash recovery during the year 2013-14
at `416.38 crore (`` 227.44 crore 2012-13), highest ever up gradations
at ` 361.05 crore (` 159.13 crore 2012-13) and highest ever recovery in
Written Off accounts at ` 187.24 crore (` 78.33 crore 2012-13).
Bank has conducted 1,821 recovery camps in various parts of the
country during the year which were attended by 25,302 borrowers. A total
of 7,662 accounts were settled for ` 42.60 crore and 1233 accounts were
upgraded for ` 21.21 crore during the year through such recovery camps.
Spot recovery of ` 20.57 crore effected during these recovery camps.
A total of 7,780 accounts were considered under compromise
settlement for an amount of ` 61.18 crore under Banks OTS scheme
during the year ended March 2014 against which a recovery of ` 43.84
crore was effected as against 3,482 accounts with compromise amount
of ` 51.54 crore with cash recovery of ` 42.45 crore effected during the
year ended March 2013.
29

15 /
15.1 / ... ... .
23.04.2003 13.07.2005
2013-14 ... / .
. `260.49 40 ... .
15.2 ,2002
2002 ...
1496 , `921.86
. 2013-14 4,816 (
) ` 265.59
.
15.3

. 2013-14 5266 `6.79
. ( ).
15.4. /
31.3.2014 .../ 2,465
`1,601.58 ... /
1887 `1,049.41
. `255.17
.
15.5 ....
, ....
. , ...
. / ,
8 . 4 /
` 69.08 . .... / ....
. ` 283.39 16 .
15.6
15.6.1 2005
...
. : . :

.... .
.
, ....
.
(...),
/ ...
. . (...)
.
15.6.2 2013-14 ... 1000
998
( 26 ).
195 191
( 11 ).
15. Legal Services/ RTI Act

15.1 Sale of NPA amongst Banks/FIs and ARC
In Terms of the RBI Guidelines issued on 23.04.2003 and 13.07.2005,
the Bank has during 2013-14, sold 40 NPA accounts to ARCs for a total
consideration of ` 260.49 crore on Cash/SR basis.
15.2 Recovery under SARFAESI Act, 2002
For expediting recovery in NPA accounts under the Securitisation and
Reconstruction of Financial Assets and Enforcement of Security Interest
Act, 2002 (SARFAESI) during the year, 1496 Notices were issued in
eligible accounts involving an amount of ` 921.86 crore. The Bank was
successful in recovering an amount of ` 265.59 crore in 4816 accounts
(including accounts where notices were issued during previous years)
during the year 2013-14
15.3 Recovery through Lok Adalats
For an early resolution of disputes and recoveries from its defaulters
through Lok Adalats constituted under Legal Services Authorities
Act, the Bank endeavours to arrange maximum Lok Adalats wherein
both pre and post litigation i.e. suit filed and non suit filed accounts
can be placed for settlement. The Bank has recovered ` 6.79 crore
during 2013-14 (inclusive of recovery made in the cases settled during
previous years), in 5266 accounts.
15.4 Recovery through Suits in Debt Recovery Tribunal/ Civil Court
As of 31-03-2014, Bank is having 2465 Suit Filed accounts in various
DRT/Civil Courts involving an amount of ` 1601.58 crore and 1887
Decreed accounts in various DRTs /Civil courts involving an amount of
` 1049.41 crore. During the year, the Bank recovered ` 255.17 crore in
the above suit filed and Decreed accounts.
15.5 BIFR Cases
In terms of Recovery Policy approved by the Board, a Nodal Officer
stationed at New Delhi, has been identified for coordinating BIFR
Cases. During the year, 8 cases were closed by way of compromise,
rejection / abatement of reference by BIFR. 4 new cases / references
were added during the year involving an amount of ` 69.08 crore. At the
end of the year, 16 cases involving ` 283.39 crore, are pending before
BIFR/AAIFR
15.6 Right to Information Act
15.6.1 Bank has redesignated the Officials of the Bank as CPIOs and
First Appellate Authorities for dealing with the requests and first appeals
received under RTI Act 2005 from the citizens of the County. As per the
redesignation all Deputy Zonal Managers in the rank of Asset General
Manager have been designated as CPIOs for the respective Zones.
The Zonal Managers in the rank of Deputy General Manager have been
designated as the First Appellate Authority.
In cases of zones headed by Asst General Manager the Zonal Manager
is designated as the CPIO and the Field General Manager is designated
as the First Appellate Authority.
Dy General Manager (HRM) Head Office is designated as CPIO for
Head Office departments and Branches/ Offices reporting to Head
Office directly. General Manager (RML) is designated as First Appellate
Authority in such cases.
15.6.2 During the year 2013-14, the Bank has received 1000 requests
under RTI Act, and disposed off 998 requests (including 26requests
brought forward from previous year) as per the norms. The Appellate
Authority has received 195 Appeals and disposed off 191 Appeals
(including 11 Appeals brought forward from previous year) as per
norms.
30

16.
2006 :
.
16.1
207 ,
, , , , ,
, 2013-14
44 . -
. ...
2014-15 .
16.2
(.......) 86
.
-
.
-
2014-15
. .
16.3
1. 8 2
- .
2.
(
- ....) . 13
, , .
3. 26
.
(...) -
.
- .
4. -, - -....
( ) .
16.4
(....) ,

.
, .
16.5 (... ... - )
(.....)
(...) (...)
- (...-)
. ... ...-
.....
. ... ...-
. ..
... .
16.6 ( - .
..)

. - , ...
, ,
.
.
16 Government Businesses
Government Business Department is functional at Head Office since
2006 and is dealing exclusively in receipts and payment on behalf of
Central and State Governments..
16.1 Direct Tax collection
The Bank is authorized to collect all Direct Taxes including Income
Tax, Corporation Tax, Wealth Tax, Gift Tax, Hotel Receipts Tax, Estate
Duty, etc in physical mode at 207 branches all over India, which include
44 new branches authorized during the FY 2013-14. The Bank is also
authorized for collection of Direct Taxes through E-Payment. Facility
for payment of Direct taxes through ATM is expected to start during
FY 2014-15.16.2 Indirect Tax collection
The Bank is authorized to collect Indirect taxes like Excise & Service
tax through EASIEST system in physical mode at 86 branches. The
Bank is also authorized for collection of Excise & Service tax through
E-Payment.
The Bank has developed the software system for collection of Customs
duty through E-Payment and is expected to be implemented during FY
2014-15. Such facility would attract a number of Importers to deal with
the Bank.
16.3 Collection of State Government revenues
1.
The Bank provides facility of E-Payment of various state
Government taxes in 8 states and 2 Union territories.
2.
3.
4.
The Bank is a member of Virtual Treasury Project (Government

Receipts and Accounting System GRAS) in state of Maharashtra.
The Bank is authorized to collect 13 type of State Government
revenues such as Motor Vehicle tax, Road Tax, Stamp Duty, etc.
The Bank is also a member of Cyber Treasury Project in state of
Gujarat for collection of 26 type of state Government revenues.
Dena Bank is the first Bank to provide the facility of E-Payment
of Geological and Mines Tax (GMT) in the state of Gujarat. The
Bank is in process of providing the service of E-Payment of state
Government Taxes in other states also.
The Bank has been authorised for E-Stamping, E-Registration
and e-SBTR(e-Secured Bank Transaction Receipt) in the state of
Maharashtra.
16.4 Payment of Pension

The Bank has established Central Pension Processing Center (CPPC)
at Mumbai through which the pension for all Central Government and
state Government retirees is being credited directly. Such facility has not
only provided efficient seamless services to the pension beneficiaries
but also has reduced branch workload considerably.
16.5 National Pension Scheme (NPS & NPS Lite)
The Bank has been registered as Point of Presence (POP) for
implementing National Pension Scheme (NPS) and as an aggregator
for National Pension Scheme -Lite (NPS Lite) by the Pension Fund
Regulatory and Development Authority (PFRDA). The Bank is entitled
for remuneration for canvassing new accounts and maintenance of
accounts for subsequent years under NPS and NPS lite scheme
from the PFRDA. The Bank has taken number of steps to canvass
large number of NPS and NPS Lite accounts. The Bank is expected
to receive good remuneration from PFRDA under above referred
schemes.
16.6 New Software for Government Business (Government
Business Module - GBM)
The Bank has procured new application software for all Government
Business activities like Collection of Direct Tax and Indirect tax, PPF
account maintenance, maintenance of Ministry and State Treasury
accounts, pension payment, etc. This application software has
been already interfaced with Core Banking Solution (CBS) and is
implemented across all branches.
31

16.7
:
1. ...
... .
2. ... .
3. ... .
4. .
5. .
6. -... .
7. .
...
, -
.

...
.
17.

.
2013-14 `8.27
, `7.07 .
17.1

.
16,992 `57.82
. ... 7
132 . 201314 `3.52
.
17.2

.
` 5.00
.
71,306 ` 32.06
. 2013-14
`4.49 .
17.3
14 (...)
. 2013-14
`26 .
18.
1998
. 92 .
....

.
....
.... .
.... .... .
16.7 New Initiatives

The Bank is under process of developing the following facilities for the
esteemed customers / clients of the Bank
1.
Online opening and maintenance of PPF Accounts and Enabling

PPF Account maintenance at all the branches of Dena Bank.
2.
Online opening of NPS accounts.
3.
Payment of Direct Taxes through ATM.
4.
On line Payment of Custom Duty.
5.
Payment of state Government taxes in all major states.
6.
Provision of facility of e-SBTR.
7.
Provision for submission of Life certificate by the pensioners at

any branch.
The Implementation of GBM and the new initiatives are expected
not only to increase the productivity at the branches by considerably
reducing the workload but also would help in increasing the non-interest
income and reputation of the Bank among the customers.
Various training programs and workshops for Government Business
and NPS are organized regularly by the Bank for staff awareness and
motivation.
17.
Bancassurance Department
The Bank has been focusing on Bancassurance Business, with a view

to provide a wide range of financial services to its customers as value
addition, and also to augment its non-interest income.
The Bank has earned income of ` 8.27 crore during the FY 2013-14
from Bancassurance Business as compared to the income of ` 7.07
crore during the previous year.
17.1 Life Insurance Business
The Bank has corporate tie-up arrangement with LIC of India to cater to
the life insurance needs of customers.
Bank has sold 16,992 policies during the year and collected premium of
` 57.82 crore. LIC declared 7 Zones as Bima Zones & 132 branches as
Bima Bank Branches during the year. The Bank has earned commission
of ` 3.52 crore from Life Insurance business during the Financial Year
2013-14.
17.2 General Insurance Business
The Bank has corporate tie-up arrangement with United India Insurance
Company Ltd. to cater to the general insurance needs of customers.
The Bank offers Personal Accident Policy of ` 5 lakhs to the customers
of the Bank at a very nominal annual premium.
The Bank has sold 71,306 General Insurance policies & collected
premium of ` 32.06 crore during the year. The Bank has earned income
of ` 4.49 crore from general insurance business during the FY 2013-14.
17.3 Mutual Fund Business
The Bank has Tie Up with 14 major Asset Management Companies
(AMCs) for selling of their Mutual Fund Products. The Bank has earned
commission income of ` 26 lakh from mutual fund business during the
FY 2013-14.
18. Depository Participants Services
Bank has been extending Depository Services to its customers since
1998 from Capital Market Branch. Bank has now extended the services
from 92 branches spread over various centres. In order to create
awareness among the staff and officers in the Bank, training programs
with NSDL are organised and due certification is obtained for extending
Depository Services.
Bank has introduced Application Supported by Blocked Amount (ASBA) for
customers of the Bank and all the Branches of the bank are ASBA enabled.
Bank caters to both ASBA and Syndicate ASBA services for the customers.
32

19.
19.1
31 2013 ` 9,554.85
` 1340.35 31 2014
` 10,895.20 14.03% .
12.13% ` 9978.48 .
` 19.95 (4.40%)
2013 ` 453.68 2014 ` 473.63 .
19. Income and Expenses

19.1 Income
Total Income of the Bank has increased from ` 9554.85 crore for the
year-ended 31st March 2013 to ` 10895.20 crore for the year ended
31st March 2014, resulting in net increase of ` 1340.35 crore, which
represents a growth of 14.03%.
Interest income of the Bank has increased by 12.13 % to level of `
9978.48 crore.
Fee based Income has increased by ` 19.95 crore (4.40%) from `
453.68 crore as of March 2013 to ` 473.63 crore as of March 2014.
19.2
16.70% .
19.2 Expenses
19.3

`2,383.10
` 2,505.08 5.12% .

` 187 .
19.3 Profitability Analysis
19.4
`1,738.86
2.02% `1774.03 .
19.5
` 551.66
.
,
:
Total expenses have registered an increase of 16.70 % over the

previous year.
Banks net interest income (NII) has increased by 5.12 % and stood at
` 2,505.08 crore as compared to ` 2,383.10 crore posted during the
previous year.
The Bank has continued to give thrust on recoveries in written off
advances during the year, which resulted in highest ever recovery of `
187 crore under this segment.
19.4 Operating Profit
Operating profit of the Bank has registered an increase of 2.02 % and
stood at ` 1,774.03 crore as compared to ` 1,738.86 crore posted
during the previous year.
19.5 Net Profit
In spite tough economic conditions Bank posted a net profit of ` 551.66
crore
A comparison of income, expenses and provisions & contingencies with
the previous year is given hereunder:
(` ` in crore)
Particulars
Interest Income
Non Interest Income
Total Income
Interest Expenses
Operating Expenses
Total Expenses
Operating Profit
Provisions & Contingencies
Net Profit
20.
2013-14 ,
.

.
.. ..
:
, ..
2011-12
6794.13
582.17
7376.30
4693.13
1154.74
5847.87
1528.43
725.29
803.14
2012-13
8899.39
655.46
9554.85
6,516.29
1299.70
7815.99
1738.86
928.48
810.38
2013-14
9978.47
916.73
10895.20
7473.39
1647.78
9121.70
1774.03
1222.37
551.66
20 . Marketing & Publicity Initiatives

During the year 2013-14, a wide publicity was given to different products
& schemes of our Bank through press, electronic and Outdoor media.
Pan India Advertisements were released in Major Newspapers during
the year to build the Corporate Image of the Bank.
Pan India TV Commercials were released in Major TV Channels on the
occasion of:
Platinum Jubilee Celebration
Navratri festival
Diwali festival
New Year Wishes Campaign and
Home Loan, IT Products and Corporate Branding MIX
33

.
2013-14 ...
.
I , II III
.

.

.
2013
2014 .
21.
21.1 ,

. (), ()
()
.
.

.
21.2 ,

.
21.3 ..,
.
21.4 .

...( ) . ..,
... ... . :
.
21.5
.
.
22.
22.1 , , , ,
, .. 8814 (5590 ,
2898 , 326 ) .
.
/ 10 4
- .

.
Apart from this our Bank supported Financial Literacy Campaign

launched by NABARD in Gujarat.
During the year 2013-14 TVCs were also released in local cables by
some Zones and Radio campaigns were also undertaken by some
Zones.
Banks visibility was increased in Tier II & Tier III cities through
advertising on Hoardings and Glow signs.
A wide publicity was also given to the opening of new branches, through
News Paper Ads.
Bank participated in various Social & Cultural events and Trade Fairs
during the year and gained good publicity and mileage.
Sponsorship to Music & Arts event organized on event of

Elephanta Festival organized by MTDC etc.
Sponsorship was also given to voluntary organizations engaged

in the welfare of the society
Bank participated in Vadodara International Marathon 2013 in

Vadodara and Mumbai Marathon 2014 organized by Standard
Chartered Bank in Mumbai.
21.
Risk Management
21.1 The Bank has put in place structured risk management systems
& architecture that is overseen by Integrated Risk Management
Committee of the Board. Management level Committees on Asset
Liability (ALCO), Credit Risk Management (CRMC) and Operational
Risk Management (ORMC) constitute the core level of focused risk
management architecture. The Risk Management Department looks
after various aspects and reports to Management and other Risk
Management Committees. The Bank has also identified Risk Managers
at all controlling offices to focus on operational risk factors and arranged
for their training.
21.2 The Bank reviews and updates its risk related Policies on annual
basis or as and when need arises in line with the RBI Guidelines,
changes in operating environment and with a view to manage credit
and market risks in an effective manner.
21.3 The functions of Mid-Office are broad based for an effective
monitoring of market risk by way of VaR, Stress Testing etc.
21.4 Bank is having Credit Rating Policy duly approved by Board. Bank
has implemented the new Rating model viz. RAM (Rating Assessment
Model) for more scientific risk rating to replace existing internal rating
models and facilitate migration to advanced approaches of credit risk.
The software has the capability to calculate PD, LGD and EAD. Bank
makes pricing decision primarily on the basis of internal rating.
21.5 The Bank has appointed M/s Deloitte as consultants for guiding
the Bank to move to advanced approaches of risk management as per
BASEL guidelines.
22.
Human Resource Management
22.1 During the year, the Bank had provided training to 8814 employees
(5590 officers, 2898 clerks, 326 substaff) in thrust areas of Credit,
Forex, soft skills, Agriculture lending, NPA & Recovery management.
The Bank also imparted induction training to newly recruited officers
and clerks.
The Bank has conducted Pre-promotion training to SC/ST candidates
for 10 days and to General Candidates for 4 days.
Apart from the above, Bank has also conducted soft skill programme
Main Hoon Na for subordinates.
34

. 11
/ / .
22.2 31.03.2013 11093
2013-14 12983 . 5408 , 5305
2270 3286 .
, , ,
.
22.3

918 ( ) 827
331 .
22.4 , 2014

. , ,
2014 588 .
22.5 / / / /

., .., ,./

.
.. /
... / ...
.
22.6
.

.
23
23.1 (...) -
23.1.1
. ,

. . .
.
, ,
, . :

.
23.1.2 12 , 2007
.
23.1.3 2014 1554
. 1028 29 / .
The Bank also utilizes external training resources from reputed

management institutes and training institutions in India and abroad,
with a view to providing specialized training in newer areas of skill
development as also to provide wider exposure to executives and
officers. During the year, 11 executives/officers were sent abroad for
attending training/conference.
22.2 The staff strength of the Bank increased from 11093 as of
31.3.2013 to 12983 at the end of the FY 2013-14. The total strength
comprises of 5408 officers, 5305 clerks and 2270 subordinate staff,
including 3286 women employees. The representation of Scheduled
Castes, Scheduled Tribes, Other Backward Classes, Physically
Handicapped and Ex-Servicemen employees in the Bank is in
conformity with the prescribed level.
22.3 The Bank, to meet its requirements of personnel for increasing
business levels and opening of new branches, has recruited 918
Officers (including POs) under various scales and disciplines, 827
clerks and 331 sub-staff during the year.
22.4 In Banks pursuit for growth and career progression of its
employees, Bank had initiated process for promotion in Officers
cadre inter scale as well as from sub-staff to clerical cadre for filling up
identified vacancies up to March, 2014. Accordingly, 588 officers have
been promoted to higher scale during the year ended March, 2014.
22.5 Grievances Redressal Mechanism for SC/ST/OBC /PH/EXSM Employees The Bank has nominated Officers of the rank of General Manager
to function as Chief Liaison Officers to oversee implementation of
Reservation Policy for Scheduled Castes, Scheduled Tribes, Other
Backward Classes, Physically Handicapped and Ex-Servicemen
Employees. Quarterly Meetings with All India Dena Bank SC/ST/OBC
Employees Federation were held at periodic intervals at Head Office
and Regional Office levels to redress grievances.
22.6 Industrial Relations Bank maintains a harmonious and cordial industrial relations
atmosphere. Periodical structured meetings with Employees Union
and Officers Association are conducted at Head Office and Regional
Office levels.
23.
IT Initiatives
23.1 Core Banking Solution (CBS)-DENA GARIMA

23.1.1 The Bank had embarked upon a process of transformation
through technology with a view to enhance customer satisfaction and to
leverage business growth. The Bank has engaged the services of M/s
Wipro, a leading service provider in IT enabled services, for providing
an end-to-end solution for Core Banking Operations of the Bank. It is
backed by Finacle software support from M/s Infosys Technologies
Ltd. The Core Banking system bundles a host of customer friendly
services like Internet Banking, Phone Banking, Mobile Banking, Cash
Management Services etc. besides software system for Integrated
Treasury operations. A number of third party software solutions are also
being integrated mainly with a view to address Regulatory concerns.
23.1.2 The Project was kicked off with migration of existing operations
at banks Mahim Branch in Mumbai on 12th March 2007.
23.1.3 As of March 2014, all the 1554 branches of the bank and the
entire business has been brought under CBS. This covers 1028 centres
and 29 states / union territories.
35

23.2
23.2.1

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23.2 Other IT Initiatives

23.2.1 Networking
Recognizing the significance of communication infrastructures in the
Banks drive towards transformation through technology, the bank has
connected all its branches and administrative offices through DENANET
its Wide Area Network using various connectivity media. DENANET
is continuously being monitored on 24X7 basis by a Network Monitoring
team for ensuring more than 99% up time.
23.2.2 ATM Installations
In keeping with the universal trend of introducing ATMs as the most
popular & convenient mode of delivery channels, a total of 1421
ATMs have been installed as on 31st March 2014 all over the country.
Out of these ATMs, 1298 are Onsite and 123 are Offsite, covering
more than 1028 centres. 23 of the ATMs are bio-metric to facilitate
illiterate customers operating the ATM with thumb impression which
is convenient for small customers and semi-literate farmers. The biometric ATMs also speak out instructions to the customers.
The Bank has ATM sharing arrangement through CASHTREE, VISA,
CASHNET & NFS tie-ups, enabling more than 1,75,000 ATM access
points & more than 10.75 lacs Merchant Establishments (MEs) in India
and more than 1.90 million ATMs & 30 Million MEs abroad, to Banks
customers; Debit/ATM Card base is around 24.83 lacs. The Bank also
provides Dena International Gold Debit Card to HNI customers with
Visa affiliation.
The Bank has number of value added services through the ATMs viz.
Mobile Pre-paid Top-ups and Post Paid Bill Payment etc. Debit Card
customers can also make online payment for purchases of goods and
services using Debit cards on Internet.
23.3 Network based Services & Applications
23.3.1 With a view to channelize this infrastructure for customer
satisfaction and maximize the ROI made in creation thereof,
Bank has introduced the following network based products and
services:
l
CBS application,
Other applications viz ALM / AML, Online Balance sheet etc,
ATM / Debit Cards,
Data Transfer &Remote Support,
RBI Payment systems like RTGS & NEFT etc,.
Corporate E-MAIL,
Intranet,
IP Telephony,
Video Conferencing,
Internet Banking.
23.3.2 The Bank has launched Dena i Connect the internet Banking
Service for customers of its Branches. This enables the customers to
access their account information through Internet in the form of
a.
Balance Inquiry.
b.
Mini Statement (Last 9 transactions).
c.
Detailed Statement of Account.
d.
Cheque Book inquiry.
e.
Funds Transfer (Self).
f.
Funds Transfer (with SMS token facility during beneficiary

registration & Transaction for third party funds transfer).
36

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.
1,94,927 ( -1,44,025
.. - 344) .
.
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.
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.
:
Type of facility
Financial
-
Non-Financial
g.
RTGS/NEFT transactions.
h.
Outward cheque status inquiry.
i.
E-payment of Direct Taxes and Indirect Taxes.
j.
Online payment of Maharashtra Sales Tax (VAT)
k.
E-payment of Commercial Taxes of Dadra & Nagar Haveli.

Viewing of 26AS by our Internet Banking customers for tax
credited under a particular PAN.
l.
On line payment of commercial taxes in UP, Delhi and Maharashtra

Virtual Treasury.
As at the year end, 1,94,927 customers (Retail customers 1,44,025

and corporate user ids - 344) have registered for Dena
Dena i Connect
Connect.
Our Bank has implemented Dena MConnect services - the convenient
and secure way to conduct banking transaction using mobile handset.
Customers can avail various facilities including funds transfer. The
solution is compatible with RBI guidelines on Mobile Banking and about
18264 customers have started using the same.
The various facilities available are as follows :

Facility Name
( )
Funds Transfer (within Dena Bank)
1. Self Linked Accounts
2. Third Party Transfer
1. Balance Enquiry
2. ( 10 ) Mini Statement (Last 10 transactions)
3. (... / ) Change of passwords (MPIN/Login)
23.3.3
... ... / ...
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22.3.4

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24.3
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Transaction Limit
`50,000 -
`50,000 per day for all transactions.
-
23.3.3 Bank has started Alert facility through which customers gets
SMS on occurrence of certain events for all transactions including
RTGS / NEFT and ATM transactions.
23.3.4 Banks Web site -Bank has its website with netizen friendly
features like Branch Locators, Calculators, Two-click navigation system
etc. The webmaster keeps the website updated and dynamic on an
ongoing basis.
With robust IT infrastructure; the Bank is well poised to take the
leap forward to drive technology towards affording greater customer
convenience.
24. Customer Service
24.1 The Bank has concentrated on internalizing customer expectations
and aspirations more intensely. During the year, the Bank has continued
various measures to improve customer satisfaction.
24.2 Redressal of Customer Grievances
The Bank is according top priority to resolve customers complaints /
grievances expeditiously. The customers of the Bank can correspond
directly, through letters, e-mails or through the Bank web-site Online
Customer Complaints and post their queries / grievances / suggestions,
if any. The complaints / suggestions can be registered through Toll Free
Number 1800-225740 of the Bank.
24.3 Standing Committee on Procedures & Performance Audit of
Customer Service
Standing Committee on Customer Service is headed by the Chairman
and Managing Director. Besides Executive Directors, General Manager
(Resource, Planning, Nodal Officer), General Manager (IT), General
Manager (Credit) and two nominated customers are the members of
37

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6 , 2013-14
.
24.4 ,
,
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25.
25.1
2013-14 , 169 ,
1633 , 10
.
31 2014 :
Sector
Rural
Semi Urban
Urban
Metro
Total
* . including Satellite branches
the Committee. Five / Six customers from different branches are invited
for the quarterly meetings. Four such meetings were organized during
the Financial year 2013-14.
24.4 In addition to above, the Bank has formed Customer Service
Committee of the Board at the apex level to advise measures for
enhancing the quality of customer service and improving the level of
customer satisfaction. Monthly Customer Service Committee Meeting
are held at Zonal Office and Branch level to encourage a formal channel
of communication between the customers and the Bank to study
complaints/ suggestions, cases of delay, difficulties faced / reported by
customers / members of the Committee and evolve ways and means of
improving customer service.
24.5 Code of Banks Commitments to the Customers
This is a Code of Customer Rights, which sets minimum standards of
banking practices for banks to follow while they deal with individual
customers was introduced by Banking Codes and Standards Board
of India constituted by RBI. It provides protection to customer and
explains how banks are expected to deal with customer for their dayto-day operations. Provisions of the Code may set higher standards
than what is indicated in the regulatory instructions and such higher
standards will prevail as the Code represents best practices voluntarily
agreed to by us as our commitment to you.
RBI has constituted Banking Codes and Standards Board of India for
measuring the performance of banks against a bench mark reflecting
the Best Practices (Codes & Standards). The Bank has adopted Code
of Banks Commitments to the Customers and is fully committed to its
adherence.
The Bank is a member of BCSBI and a top executive in the rank of
General Manager is appointed as the Code Compliance Officer on
behalf of the Bank.
25 . Branch Network and Expansion
25.1 Branch Network
During the year 2013-14, Bank has opened 169 new branches taking
the tally to 1633 in various parts of country including upgradation of ten
Satellite Office in to full fledged branches.
The sector-wise breakup of the branch network of the Bank as on 31st
March 2014 is as under:
No of Branches
624*
334
309
366
1633
2013-14 ,
6 , , , ,
.
2014-15 , 150 .
26.

. ,

.... / ....
Percent to Total
38.21
20.46
18.92
22.41
100
During the Financial Year 2013-14, 6 new Zones namely, Nagpur,

Hyderabad, Jaipur, Patna, Durg and Ludhiana were formed for effective
administrative control, supervision and monitoring purpose.
Bank proposes to open 150 new branches during the financial year
2014-15.
26. Inspection and Internal Audit
The Bank has an in-built system of effective control and supervision
of the functioning of its various branches spread all over the country.
In compliance with guidelines of RBI on conduct of various audit of
branches, Zonal Offices and Head Office Departments Risk Based
Internal Audit, Risk based Concurrent Audit, Management Audit,
38

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28.1
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-
.
Information System Audit, Revenue Audit, Credit Audit and Propriety

Audit are conducted by Inspection and Internal Audit Department
through internal inspectors, external CA firms and CISA /DISA qualified
IS auditors from time to time. Snap Audits are conducted as and when
required. These activities are well documented and are guided by the
policies approved by the Board. These policies are updated on annual
basis duly incorporating the guidelines issued by the Govt. of India and
the Regulator from time to time.
During the year the Bank has carried out RBIA of 1298 branches in
house, by internally trained inspectors.
For speedy compliances, nodal officers are appointed at Zonal Offices.
Adherence to system and control is monitored on ongoing basis through
3 Inspection Cells located at Ahmedabad, New Delhi and Mumbai. In
order to bring qualitative compliance culture, Risk Based Concurrent
audit has been brought under Online Reporting system. Bank has
planned to bring all audit functions under Online Reporting system
during next Financial Year.
27. Vigilance
The Chief Vigilance Officer is assisted by a team comprising desk
officials besides field level functionaries like Zonal Vigilance Officers in
administering vigilance functions in the Bank. Fraud Monitoring Cell is
a separate entity within Vigilance Department. The main thrust of the
Department is on Preventive Vigilance activities by educating the staff
on the modus operandi of reported frauds and suggesting preventive
measures. The department also oversees role of staff involved in
frauds and the action to be initiated against them till imposition of
penalty. Vigilance Officers undertake investigation of frauds to assess
the breaches in the system and procedure and suggest corrective
measures to prevent recurrence of such frauds.
Preventive vigilance Committees have been formed at Branches to
discuss the modus operandi circulated by Vigilance Department which
would equip them to thwart attempt by unscrupulous elements to
commit fraud on the Bank. Lecture on Ethics is delivered by Vigilance
Department Officials in all training courses of one week duration. Annual
Workshops are conducted to update the Zonal Vigilance Officers on the
latest developments in vigilance administration. Vigilance Awareness
Week is celebrated to spread awareness among the staff on the
vigilance measures to be adopted by them in the discharge of their
duties.
Fraud Risk Management Committee comprising Functional General
Managers meet periodically to evaluate the reported frauds and identify
the areas in the systems and controls which need to be strengthened
to prevent recurrence of frauds. Special Committee on Large Value
Frauds a sub-committee of the Board, dwells into the modus operandi
of large value frauds and prescribes remedies / mitigating factors.
The Vigilance Department periodically reports to the Board on
individual frauds, steps taken to prevent such frauds, action initiated
against staff and status of cases filed. Periodical reports are submitted
to Department of Financial Services / Central Vigilance Commission
and Reserve Bank of India.
The Bank has brought out Vigilance Manual encompassing all
instructions concerning Vigilance administration for the consumption of
grass root level employees.
28.
Rajbhasha
28.1 The Bank continued vigorous efforts for implementation of official

language Hindi during the financial year under review. During the year
Banks focus was on implementation of Hindi Softwares through word
processors, Core Banking solution and E-mail.
39

28.2
2011-12

2011-12
.

. 2012-13

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28.3
2013-14 516 486
72
.
105
.
28.4
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28.2 Awards
28.5
20.09.2013
.

.
28.6
,
.
28.5 Visit of Parliamentary Committee
28.7 /

.
28.7 Bank Branches / offices in all the three linguistic regions are
constantly making efforts for improving level of implementation of
official Language Policy of Government of India and striving to make it
as a prime medium of communication to improve our customer service.
28.8

,
.
- (2), .
,
.
28.8 Bilingual House Journal
During the year under review Bank was awarded by Reserve Bank of
India for its house journal Dena Jyoti in bilingual category for the year
2011-12 and also for implementation of official language during the year
2011-12 in B Region. Association of Business Communicators of India
awarded Silver Trophy and Bronze Trophy for Banks house journal
Dena Jyoti. Maharashtra SLBC (Rajbhasha), Pune has awarded
consolation Prize for excellent performance in implementation of Official
Language in its offices and branches in the state of Maharashtra during
2012-13. Similarly SLBC (Rajbhasha) Gujarat has awarded III rd prize
for excellent performance in implementation of Official Language in its
offices and branches in the state of Gujarat. Zonal Office, Nashik and
Patna Branch were awarded II nd and III rd Prizes by the respective
TOLICs for excellent work in implementation of official language.
28.3 Training
Bank conducted 72 Hindi Workshops and Hindi Software training
programs during 2013-14 for imparting training to 516 officers & 486
other employees. In addition to these 105 Desk Training Programs
were also conducted to impart practical training to the employees for
doing the official work in Hindi.
28.4 Hindi Software
Keeping pace with the technological changes, Bank continued the
implementation of bilingual word processing facilities on all computers
in use at various administrative offices and branches through Unicode.
Bank also reviewed the performance of Hindi Software Linguify Bank
for CBS Branches. The loading of the revised version of the Linguify
Bank software will continue during the next year. In order to promote
the use of these facilities Hindi Software training programs were
conducted at DIIT Mumbai and other STCs. All the ATMs installed by
the Bank have been provided with bilingual access facilities.
The third Sub-Committee of the Committee of Parliament on Official

Language has reviewed the performance in implementation of Official
Language at the Head Office on 20.9.2013. During the Review Meeting
the Committee discussed with the Top Executives of our Bank the
implementation of Official language Hindi at our Office. The Committee
expressed satisfaction on the progress.
28.6 Use of Hindi in Publicity
In order to popularize our various schemes among public at large and
customers, pamphlets and publicity material of our various schemes
were prepared and printed in Hindi.
In order to maximize the role of Official Language Hindi in corporate

communication and educating our staff members about various
activities and current subjects, during the year under review Bank
published all issues of its quarterly house journal Dena Jyoti as Special
Issue on various banking subjects in bilingual form. The subjects of
special issues were Platinum Jubilee(2), Official Language and Human
Resource Development. Articles, news and events are published in
bilingual to have its reach to every staff of the bank.
40

29.
2013-14 ` 116.73
... ` 6.75 .
./.. ... ` 0.35
. ...
.
30.
,

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.
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.
,
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..., ..., ... ...
.

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/

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31.
2014-15 2013-2014
4.7% 5% 6% ...
. 2014-15 :

.
.
- / ,
.
32. 2014 - 15

.
2014-15 ... 5% 6% .
,

. 2014-15
.
29. Procurement from Micro & Small Enterprises (MSEs)

The procurements made by the Bank from various vendors during
the financial year 2013-14 amounts to ` 116.73 crore Out of this,
procurements made from MSEs amounts to ` 6.75 crore out of which
the procurements made from the MSEs units owned by SC/STs
entrepreneurs amounts to ` 0.35 crore. The details are being published
on the Banks website for the benefits of MSEs.
30. Compliance to Regulatory Guidelines
The Bank has setup a Department to ensure compliance to various
obligations under Corporate Governance as well as instructions of
Regulators, Sovereign etc. The Department is also responsible for
implementation of Anti Money Laundering measures (AML) and Know
Your Customer Standards (KYC). The Bank has designated Chief
Compliance Officer for compliance to the Regulators requirements &
Principal Officer (AML) for compliance to FIU-India, New Delhi.
Compliance function is regulatory appraising the Board on compliance
to various correspondences received from GOI, RBI, IBA, etc. Further,
on monthly intervals the Board is appraised about the preparedness of
the Bank in handling KYC/AML Policies, wherein CTR, NTR, CCR and
STR status is placed.
The Policies related to Anti Money Laundering and Compliance is
updated periodically and on annual basis with Board approval.
As an ongoing process, Compliance function ensures that the list of
terrorist organizations / individuals provided by RBI / FIU-India are
updated in the Banks INTRANET which is used as a ready reckoner
by the field functionaries while handling operations in the new/existing
accounts.
31. Opportunities and Threats
Reserve Bank of India in its annual policy announcement for 2014-2015
has projected GDP growth of 5 % to 6% against 4.7 % during 2013-2014.
The pick up in the growth is expected only in the second half of 20142015 depending on the normal monsoon for the growth of Agriculture
sector and increase in investments on easing of the bottlenecks and
implementation gaps resulting in growth in the Industrial sector. The
growth in the service sector and the exports is expected to grow as
world trade gathers momentum.
The threats for the expected growth are sub-normal/delayed monsoon
on account of possible El Nino effects, geo-political tensions and their
impact on fuel prices.
32. Outlook for FY 2014-15
Going forward, economic growth is likely to accelerate in the next fiscal
as the reform process continues and begins to bear fruit. RBI has
projected GDP growth of 5% to 6% during FY 2014-15.
The acceleration in growth will be on account of implementation of
stalled projects, debottlenecking of the mining sector and a recovery in
industry on higher external demand will create demand for credit. The
same is expected to improve Banks performance in 2014-15.
41
CORPORATE GOVERNANCE REPORT 2013-14

1.

.
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1. Banks Philosophy on Code of Governance

Banks Corporate Governance philosophy is based on application of
best management practices, which will facilitate effective management,
and control of business. This enables the Board and the Senior
Management of the Bank to take decisions adhering to ethical
standards, transparency, accountability, responsibility and financial
stability. The Bank believes that Corporate Governance is closely linked
to its core values and is associated with ethical practices, concern for its
employees, extending quality service to its customers, striving to meet
the shareholders expectations and societal aspirations. This optimizes
the value for all its stakeholders, which includes not only the Board
of Directors and the Senior Management but also the Shareholders,
Customers, Employees and the Society at large.
Banks Corporate Governance structure apart from the Board comprises
of the Management, Audit, Investor Grievance, Risk Management,
Customer Service and Compliance Committees of the Board to monitor
various areas of business.
Prevention of Insider Trading
Dena Bank has instituted a comprehensive code of conduct for
prevention of insider trading namely, Dena Bank Code of Conduct
for Prevention of Insider Trading in accordance with the requirements
of SEBI (Prohibition of Insider Trading) Regulations, 1992. All
the Directors, Employees at senior management level and other
Employees of the Bank who could have access to the unpublished price
sensitive information of the Bank are governed by the code. The Bank
has appointed Shri R. Jothi Kalingaraayan, Asst. General Manager as
Compliance Officer who is responsible for setting forth procedures and
implementation of the code of conduct for trading in Banks securities.
During the year under review there has been due compliance with the
said code.
Code of Conduct
The Board of Directors has approved a Model Code of Conduct for
its Directors and General Managers. The code covers amongst other
things the Banks commitment to honest and ethical personal conduct,
fair competition, transparency and compliance of laws and Regulations
etc. The code of conduct is hosted on the website of the Bank. All the
Directors and General Managers have affirmed that they have complied
with the Code of Conduct for the year ending 31st March, 2014.
The Bank has complied with the guidelines on Corporate
Governance stipulated in Clause 49 of the Listing Agreements
executed with the stock exchanges, the disclosure requirements
of which are given below:
2. Board of Directors
The constitution of Board of Directors of the Bank is governed by the
provisions of the Banking Regulation Act, 1949, the Banking Companies
(Acquisition and Transfer of Undertakings) Act, 1970 & Nationalized
Banks (Management & Miscellaneous Provisions) Scheme, 1970.
As of 31.03.2014, the composition of the Board consists of 14 Directors
including Three whole time Directors viz., the Chairman & Managing
Director and two Executive Directors appointed by Government of India
and 11 non-executive Directors. Out of 11 non-executive Directors,
one Official Director represents Government of India, one Director
represents Reserve Bank of India, one Director represents Workmen
Employees of the Bank, one Director represents Officer Employees of
the Bank, four Directors appointed by Government of India, of which one
under Chartered Accountant category and three shareholder Directors
elected by the Shareholders other than the Central Government.
2.1 Particulars of Directors
The necessary particulars of Board of Directors and status of attendance
in the Board meetings during the year under review are given in the
Annexure A, B and C
42

3.
3.

.

.
3. Committees of Directors
3.1

( ) , 1970
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19/20/2007--I 18 , 2008
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. 39
39
31.03.2014 .
3.5

.
,
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. 11, 2014
.
3.1 Management Committee of the Board
In accordance with the guidelines issued by Reserve Bank of India and

the guidelines on Corporate Governance etc., the Bank has constituted
various Committees of the Board of Directors, the details of which are
given below:
The composition of the members of the committee and details of
attendance at its meetings during the year under review are given in
Annexure B and C.
The Board had constituted Management Committee as per provisions
of Nationalized Banks (Management and Miscellaneous Provisions)
Scheme, 1970. The main functions of the Committee include
sanctioning of credit proposals, Loan Compromise / Write-off proposals,
Filing of suits / appeals, proposals for approval of capital and revenue
expenses, investments in Government and other approved securities
/ shares/ Bonds and debentures of companies / Corporates, including
underwriting, proposals for acquisition and hiring of premises, donations
etc. which are beyond the discretionary powers of the Chairman &
Managing Director / Credit Approval Committee and any other matter
referred to the Management Committee by the Board.
3.2 Audit Committee of the Board
The Board had constituted Audit Committee of the Board of Directors
in October 1995 in accordance with the guidelines of the Reserve Bank
of India. The Committee was re-constituted in May 2008, as advised by
Government of India vide communication No. F. No.19/20/2007-BO-I
dated February 18, 2008.
The functions of Audit Committee include overseeing the audit
functions, review of Banks financial performance, review critical
findings of concurrent/other inspections / audits, compliance with
accounting standards and all other matters specified under Clause 49
of the Listing Agreement entered into with the Stock Exchanges. The
Committee discusses and considers the Quarterly / Annual Accounts
before recommending the same to the Board for approval.
The Audit Committee of the Board of Directors comprises of six
members of Board of Directors.
3.3. Remuneration Committee of Directors
Remuneration of whole time Directors of PSU Banks is decided by
the Government of India. Performance incentive scheme has been
introduced by the Government of India and to implement the Scheme
in terms of Government of India directives, the Bank has constituted
Remuneration Committee of Board of Directors.
3.4 Shareholders / Investors Grievance Committee
The Board had, in compliance of the SEBI guidelines on Corporate
Governance and Clause 49 of the Listing Agreement entered into
with the Stock Exchanges, constituted a Shareholders / Investors
Grievance Committee for redressal of the grievance of shareholders
/ investors on matters like transfer of shares / bonds, non-receipt of
annual report, non-receipt of dividends etc.
Shri R. Jothi Kalingaraayan, Asst. General Manager (IRC) is the
Compliance Officer of the Bank. During the year under review, the Bank
received 39 complaints from the investors and all the 39 complaints had
been resolved to the satisfaction of the investors and no complaint from
share holder was pending as on 31.3.2014.
3.5 Committee of Directors on Integrated Risk Management
The Committee of Directors on Integrated Risk Management was
constituted to oversee all risk management activities of the Bank,
including identifying underlying risks perceptions, prescribing risk
assessment and quantification methodologies, fixing tolerance level
for risk exposures, guiding the line management on risk management
and mitigation techniques etc. The Committee was reconstituted by the
Board on 11th January, 2014.
43

3.6

.
,
..
3.7
/
/ / /
.
,
.
3.8
,

.
. 11 , 2014 .
3.9
,
,

. 1 , 2003
. 11 , 2014
.
3.10
. ....6/11.01.005/
2006-07 20 , 2007
.
29 , 2007
. , 29
, 2007 . 29 , 2009
.
3.11 .
. . ...
47/29.39.001/2007-08 1 , 2007
, ,

( / )
. , 29, 2007
. 18
, 2011 29 , 2011 .
3.12
13/1/2006-.1 5 2011
( ) , 2011
, 06 2012
. 31 , 2012
13/01/2006-.-I ,
06 , 2012 .

( ) , /
`
.
:

, .
3.6 Committee for monitoring Large Value Frauds

A sub-committee of the Board for monitoring Large Value Frauds was
constituted to review the large value frauds, whenever such incidences
take place in the Bank and the preventive measures taken to avoid
recurrence.
3.7 Share Transfer Committee
The Share Transfer Committee was constituted for the purpose of
approval / rejection / transfer / transmission of Equity Shares / Bonds,
issue of Duplicate Certificates, recommended by the In-house Share
Transfer Scrutiny Committee. The Committee also takes note of
shareholding pattern, top holders list and Transfer rejections etc.
3.8 Customer Service Committee
Formed in line with RBI guidelines, the Committee reviews the
customer services in the Bank as also the progress in attending to
customer complaints and grievances. It also considers new measures
for improvement in customer service, including external issues. The
Committee was reconstituted by the Board on 11th January, 2014.
3.9 Information Technology Committee.
With a view to facilitate optimum utilization of the existing IT infrastructure,
envisioned in the IT Mission of the Bank, to direct IT department on
policy matters etc., a need was felt to constitute committee of Directors
of the Board for IT. The Board at its meeting held on 1st April 2003,
constituted Committee of Directors on Information Technology. The
same was reconstituted by Board on 11th January, 2014.
3.10 Compliance Committee.
Reserve Bank of India, vide their communication no. DBS.CO.PP.
BC.6/11.01.005/2006-07 dated April 20, 2007 has laid down guidelines
for Compliance function in Banks. Based on these guidelines, the Bank
had formulated its Compliance Policy which was approved by Board
at its meeting held on December 29, 2007. In accordance with the
provisions of the Policy, a committee of Directors on Compliance was
constituted on December 29, 2007. The committee was reconstituted
on January 29, 2009.
3.11 Nomination Committee:
The Reserve Bank of India, vide their communication DBOD.No.BC.
NO.47/29.39.001/2007-08 dated November 1, 2007 has notified to
constitute a Nomination Committee of Directors (all independent /
non-executive directors) to undertake a process of due diligence to
determine the Fit and proper status of existing elected Directors,
who file their nominations for election. Based on these guidelines, the
Nomination Committee was constituted by Board at its meeting held
on December 29, 2007. The said Committee was reconstituted on 18th
July, 2011 and 29th September, 2011.
3.12 Credit Approval Committee
In line with the Gazette Notification No. 13/1/2006-BO.1 Dt. December
5, 2011 and as per the provisions of Nationalized Banks (Management
& Miscellaneous Provisions) Amendment Scheme, 2011, the Board, in
its meeting held on January 6, 2012 had constituted Credit Approval
Committee of the Board, which was further modified vide Gazette
Notification No. 13/01/2006-BO.I dated January 31, 2012 and approved
by Board at its meeting held on February 06, 2012. The main functions
of the Committee include sanctioning of credit proposals (Funded
and Non-Funded), Loan Compromise / Write-off proposals etc. which
are beyond the discretionary powers of the Chairman & Managing
Director and upto two hundred fifty crore rupees.
The Credit Approval Committee of the Board consists of six members
including three whole time Directors viz. the Chairman & Managing
Director and two Executive Directors and 3 General Manager i.e. the
General Manager In-charge of Credit, Finance and Risk Management.
44

3.13
13
:
,
22 , 2009 .
. .
. 9/18/2009-. 21 , 2011
, 6 2012
. ,
,
,
27 , 2012
. .
11 , 2014 .
3.14 ...
, , .
.7/112/2012- 21 , 2012
11 , 2012
. 24
, 2014 .
3.15 :
09 , 2013 (...)
(.
...)

.

.
3.16 :
09 , 2013 , , ,
, , 08 , 1998 .
10/6/98/

,

.
3.17 :
27 , 2013 -
-
,
.
4 :
-
. :4.1
:

. .
.

.
.
4.2
(....) .

3.13 HR Committee:
On October 22, 2009, Government of India, constituted a Committee
under the Chairmanship of Dr. Anil Khandelwal, to study the HR issues
of Public Sector Banks and to make recommendations. Governments
of India, vide communication F.No.9/18/2009-IR Dt. October 21, 2011
conveyed their approvals for the recommendations which was placed
before our Board in its meeting held on February 6, 2012. Based on the
recommendations of the Khandelwal Committee, Steering Committee
of the Board on HR was constituted on March 27, 2012 to discuss
critical issues on HR, review HRM Plan and related policies on HR,
on the lines suggested by the Khandelwal Committee. The Committee
meets at quarterly intervals. The Committee was reconstituted by the
Board on 11th January, 2014.
3.14 Committee for Monitoring High Value NPAs and Loss Assets
In terms of communication F.No.7/112/2012-BOA dated November
21, 2012 received from Department of Financial Services, Ministry
of Finance, Govt. of India, Board has constituted a sub-committee of
Board for Monitoring High Value NPAs and Loss Assets in its meeting
held on December 11, 2012. The Committee was reconstituted by
Board on 28th March, 2014.
3.15 Issue Committee
On November 09, 2013, the Board constituted a committee of Directors
to confirm the price in terms of SEBI (ICDR) Regulations determined
in accordance with SEBI (ICDR) Regulations and certified by Statutory
Auditor at which the equity shares on preferential basis will be issued
to the Government of India. The said Committee is authorized and
empowered to decide on various aspects of further issue of shares and
to take administrative decisions.
3.16 Directors Promotion Committee
On November 09, 2013, as per memorandum NO.10/6/98/VIG
dated 08th June, 1998 of Government of India, Ministry of Finance,
Department of Economic Affairs, Banking Division, Vigilance Section,
constituted a Committee consisting of Chairman and Managing Director
and the Nominee Directors of Government of India and RBI in the Bank
which deal with the promotions at senior levels and also for reviewing
Vigilance Disciplinary cases and departmental enquiries on quarterly
basis.
3.17 Priority Sector Lending Committee
On July 27, 2013, the Board constituted a Sub-committee of the Board
on Priority Sector Lending for reviewing the progress made in Priority
Sector and various sub-sectors of Priority Sector Lending, formulation
of strategies for achieving various targets and monitoring the progress
made.
4. Committees of Executives
For proper and efficient functioning of day-to-day functions of the Bank,
the Bank has also formed various In-house Committees. Some of the
In-house Committees are as under:
4.1 Investment Committee
The Bank has constituted an Investment Committee of Executives for
Investment and Money Market Operations. The said Committee reviews
all the deals / transactions and the matters relating to investments
and funds management transactions and gives necessary guidelines.
These meetings take place twice a week.
The Committee is chaired by the Chairman & Managing Director and in
his absence by the Executive Director. During the year under review,
the Committee has been meeting regularly.
4.2 Assets Liability Management Committee
The Bank has constituted Assets Liability Management Committee
(ALCO) with Chairman and Managing Director as Chairman of the
45

. - ,
,

.
.
... -
133 .
4.3

,
. -

- . (, ...
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(), ()/
(, ... ..)
. 49 .
4.4 (...)
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` 10,000/-
` 5000/- .
, ,

- /
( ) .
, ( )
, 1970 .
2013-14
2013-14 - 18
.
6.

. ,
, .... , ()
-400 056 .
Committee and in his absence Executive Director. The functions of

the Committee inter-alia include overseeing Market Risk Management,
Liquidity Risk Management, Interest Rate Sensitivity of Assets and
Liabilities and fixation of interest rates etc.
The functional General Managers and other executives from Head
Office are other members of the Committee. During the year under
review, the Committee met on 133 occasions to discuss and review
ALM functions in the Bank.
4.3 In-House Share Transfer Scrutiny Committee
The Bank had constituted an In-House Share Transfer Scrutiny
Committee of the executives of the Bank for approving / recommending
shares transfer, which are processed by the Registrar & Share Transfer
Agent of the Bank. The Committee also periodically reviews the progress
of demat position of Banks shares and movement in share prices of the
Bank. General Manager (Accounts, IIA & IRC), Asst. General Manager
(Board Secretariat), Asst. General Manager (IRC) and Chief Manager
(IRC) / Company Secretary are the members of the Committee. General
Manager (Accounts, IIA & IRC) acts as the Chairman of the Committee.
During the year under review, the Committee met on 49 occasions.
4.4 Internal Committee of Executives on Premises (ICE)
The main functions of the Committee are approval of proposals for
acquisition of premise on leasehold / ownership basis, increase in rent,
payment of arrears, renewal of lease and surrender of leased premises,
deviations/modifications with regard to terms of sanction/Policy etc. and
recommending the proposal to the Management Committee of Board
of Directors, where the total annual outgo is beyond the Discretionary
Powers prescribed for the ICE.
The Committee is headed by the Chairman & Managing Director. The
Executive Directors and six General Managers are members of the
Committee.
5. Remuneration of Directors
The Chairman & Managing Director and the Executive Directors were
paid salary / remuneration as per extant guidelines of the Government
of India and are not paid sitting fees for attending the Board and other
Committee meetings of the Bank. All other Non-Executive Directors
except Government and RBI nominee Directors, were paid sitting fees
of ` 10,000/- for attending each Board Meeting and ` 5,000/- each
for attending any other Committee meeting as per guidelines of the
Government of India.
In addition to sitting fees to which a director is entitled to be paid as
mentioned above, every such director travelling in connection with
the work of the Bank shall be reimbursed his / her travelling & Halting
expenses if any, on such basis as may be fixed by Central Government
from time to time. All matters relating to remuneration of Non-Executive
Directors are governed by the provisions contained in the Nationalized
Banks (Management & Miscellaneous Provisions) Scheme, 1970.
The details of remuneration paid to related parties for the year 201314 are given in Schedule- 18 NOTES FORMING PART OF THE
ACCOUNTS in the Annual Report.
6. General Body Meetings
The details of last three Annual General Meetings and last three Extra
Ordinary General Meetings are given below. The Venue of all meetings
was Auditorium, Sir Sorabji Pochkhanawala Bankers Training College,
J.V.P.D. Scheme, Vile Parle (West), Mumbai-400 056:
46

Details of the Meeting
Date & Time
*
, 28 , 2013 3.00
Seventeenth Annual General Meeting*
Friday, 28 June, 2013 at 3.00 p.m.

, 30 , 2012 11.00
Sixteenth Annual General Meeting
Saturday,30th June, 2012 at 11.00 a.m.

, 18 2011 3.00
Fifteenth Annual General Meeting
Monday, 18th July, 2011 at 3.00 p.m.
( , 22 , 2014, 10.30
, , )
Saturday, 22nd March, 2014 at 10.30 a.m.
Extra Ordinary General Meeting (To create, offer, issue and allot Equity Shares on
Preferential basis to LIC of India & GIC of India )
( , , , 24 , 2013 10.30
)
Tuesday, 24th December, 2013 at 10.30 a.m.
Extra Ordinary General Meeting
(To create, offer, issue and allot Equity Shares on Preferential basis to Govt. of India )
( , , 24 2012 11.00
, )
Monday, 24th March, 2012 at 11.00 a.m.
Extra Ordinary General Meeting
(To create, offer, issue and allot Equity Shares on Preferential basis to LIC of India )
* The Last AGM was attended by Shri Ashwani Kumar Chairman &
* - , ..
Managing Director, Shri A. K. Dutt- Executive Director, Shri Rakesh
- , - ,
Goel Director appointed by GOI, Shri M. L. Gupta - Officer Employee
.. - , . -
Director, Shri Rohit M. Desai Shareholder Director and Shri Mukesh
- .
Mohan Shareholder Director.
Special Resolutions were passed at the Extraordinary General meetings
24 2013 22 2013
held on 24th December 2013 and 22nd March 2014.
.
Postal Ballot Bank has not conducted any postal ballot during the last
-
financial year.
.
7. :
7. Disclosures:
7.1 Disclosure of Material Transactions and Pecuniary Relationship
7.1
There have been no significant related party transactions, pecuniary
31 , 2014
transactions or relationship between the Bank and its Directors for the
-, -
year ended March 31, 2014 that may have a potential conflict with the
, .
interest of the Bank at large.
The Bank has sponsored one Regional Rural Bank in the state of
(.
Gujarat viz. Dena Gujarat Gramin Bank (DGGB) where Bank's extent
...) 35% .
of ownership is 35%. During the year, DGGB has invested ` 100 cr in
.... (...,)
the Inter Bank Participation Certificate (IBPC) issued by the Bank and
Bank has invested ` 100 cr in hte IBPC issued by DGGB . Further , as
` 100 . , 31/03/2014 ....
on 31/03/2014, DGGB's deposits with Bank stood at ` 1007.50 cr and
` 211.11 .
` 1007.50
have availed advances of ` 211.11 cr.
7.2.1
7.2.1 There were no cases of non-compliance by the Bank and no
penalties / strictures were enforced on the bank by Stock Exchanges/
/
SEBI or any other statutory authority on any matter related to the capital

markets during the last three years.
/ .
However, in a matter relating to invocation of pledge of 1,36,81,830
, . . () 1,36,81,830
equity shares of M/s Alka Securities Ltd. (the Company), being collateral
, 2008 ,
security for the recovery of advance to one of the Non Performing
,
constituent, by the Bank in 2008, it was alleged by SEBI that the Bank

had violated the provisions of Regulation 13(3) read with 13 (5) of SEBI
( ) 1992 13(5)
(Prohibition of Insider Trading ) Regulations 1992 with regard to the
non- disclosure of the said acquisition of shares to the Company and
13(3) ,
the Stock Exchanges, as required under the said Regulations.
.
As invocation of pledge on the said shares was done in the best interest

of the Bank and the alleged violation was technical in nature, the Bank
,
in order to save on long drawn legal case, without admission or denial
, ,
of guilt proposed signing of consent terms with SEBI in December 2010
` 10.00 2010
by payment of ` 10.00 lakh as settlement charges. This was accepted
.
by SEBI and SEBI passed its consent order on 26th April, 2011 on
26 2011
payment of the accepted amount.
.
7.2.2 . . .
7.2.2 "Penalty of ` 2.00 cr on account of KYC Non compliance was
imposed by Reserve Bank of India during the year."
` 2.00 .
47

7.3 47
() , - , , , ,
, 15
:
. 30 ...
... .
7.4 //-16
31, 2002 , /

( )
. .. ..

.
7.5 - :

SI No.
Requirement
1

. ,
,

, ,
.
Independent Directors may have a tenure not exceeding,
in the aggregate, a period of nine years, on the Board of
a company. The company may ensure that the person
who is being appointed as an independent director has
the requisite qualifications and experience, which would
be of use to the company and which, in the opinion of the
company, would enable him to contribute effectively to the
company in his capacity as an independent director.
2

.
The Board may set up a remuneration committee to
formulate companys remuneration policy on specific
remuneration package for Executive Directors.
3

Company may move towards a regime of unqualified
financial statements.
4

Whistle Blower Policy
7.3 As required under clause 47 (c) of the listing agreements entered

into by the Bank with stock exchanges, a certificate is obtained every six
months from a practicing Company Secretary, with regard to inter-alia,
effecting transfer, transmission, sub-division, consolidation, renewal
and exchange of equity shares within fifteen days of lodgment thereof.
The certificate is forwarded to BSE and NSE, where the equity shares
are listed, within 30 days of issuance.
7.4 In terms of SEBIs circular No. D&CC/FITTC/CIR-16 dated
December 31, 2002 a Reconciliation of Share Capital Audit is conducted
on a quarterly basis by a practicing company secretary, for the purpose
of, inter-alia, reconciliation of total admitted equity share capital with
the depositories and in the physical form with the total issued / paid
up equity capital of Dena Bank. Certificate issued in this regard is
forwarded to BSE and NSE, where the equity shares of the Bank are
listed and is also taken on record by the Board.
7.5 The Clause of Non-mandatory requirements complied by the
Bank is as follows:
Compliance

: .
1 2007, 23 , 2011 ,
,
.
As per GOI Guidelines, a person cannot be Shareholder Director for more than
two terms of three years or for maximum of six years. As per Reserve Bank of
India Guidelines dated 1st November 2007 and 23rd May, 2011, Fit and Proper
status was determined by the Nomination Committee of the Board of the Bank
and thus all the Shareholder Directors on the Board are well qualified and
experienced.
,
, ,
,
Not applicable, as Executive Directors draw salary as fixed by the Government of
India. However, a Remuneration Committee is in place to consider Performance
Based Incentives in terms of guidelines received from Government of India.
.
The Bank has complied with this requirement.

, ,
/
.
, .
.
... .
The Board of the Bank has approved a policy known as Whistle Blower Policy,
under this a mechanism has also been incorporated as to how an employee
can report to the CVO/ Management about unethical behavior if any, actual
or suspected fraud or violation of conduct or ethics. This mechanism also
provides adequate safeguards against victimization of employee who avail of this
mechanism. This has appropriately communicated within the Bank by circular.
The Bank has now a Whistle Blower Policy for all as per CVC guidelines.
8.

.
8. Financial Results and Means of Communication:

The Bank recognizes the need for keeping its members and
stakeholders informed about the events of their interests.
48

/ /
.
/ / ,
( ) .
. -
www.denabank.com.
.
.
9.
, .
1633 .

, ()
(), .
: Stock Exchange
BSE
NSE
6.20% -II ( VII)

6.20% Lower Tier-II Bonds (Series VII)
7.30% -II ( VIII)
7.30% Lower Tier-II Bonds (Series VIII)
9.25% -II ( IX)
9.25% Lower Tier-II Bonds (Series IX)
11.20% -II ( X)
11.20% Lower Tier-II Bonds (Series X)
9.50% -II ( XI)
9.50% Lower Tier-II Bonds (Series XI)
9.20% -II ( I)
9.20% Upper Tier-II Bonds (Series I)
10.05% ( I)
10.05% Perpetual Bonds (Series I)
9.00% ( II)
9.00% Perpetual Bonds (Series II)
9.23% II ( XII)
9.23 % Lower Tier-II Bonds (Series XII)
9.86% III II
( XIII)
9.86 % Basel III Compliant Tier-II Bonds
(Series XIII)
9. Shareholder information
The Bank is a Scheduled Commercial Bank having its Head Office at
Mumbai. The Bank has presence all over India with a network of 1633
branches.
The Equity shares of the Bank are listed on BSE Limited (BSE) and
National Stock Exchange of India Limited (NSE).
The stock scrip codes are as follows:
Code
Alpha
DENA BANK
DENA BANK
2014-15
.
- ( I II )
.
:

Particulars of the Issue
The Quarterly / Half Yearly / Annual results of the Bank are submitted
to the Stock Exchanges where the shares of the Bank are listed, within
the stipulated time frame. Further, the quarterly results / half-yearly
/ annual results were also published in English, Hindi and in Marathi
(Regional Language) newspapers as per the statutory requirement.
The Bank also furnished the physical copy of the annual results to the
Shareholders. The results as well as shareholding pattern and share
prices are displayed on the website of the Bank i.e. www.denabank.
com. It also displays official press releases and other important details
about the Bank.
Numeric
532121
-
Annual Listing fee for the financial year 2014-15 has been paid to both
the stock exchanges.
The Bank has issued Non-Convertible Bonds in the nature of
Promissory Notes/Debentures (Tier-I and Tier-II Capital) from time to
time. The relevant details thereof are as under:

)
Date of
ISIN No.
Detail of Trustees
Size (` In Cr)
Allotment
Date of Maturity
150
31.03.2004
30.04.2013
INE077A09021 .,
, -, 17 ,
210
31.03.2005
30.04.2014
INE077A09039 , - 400 001.
: 022-40807009
106
25.03.2008
24.05.2018
INE077A09062 -: itsl@idbitrustee.com
IDBI Trusteeship Ltd.
300
30.09.2008
30.04.2019
INE077A09070
Asian Building, Ground Floor, 17,
200
29.01.2009
29.01.2019
INE077A09088 R. Kamani Marg, Ballard Estate
Mumbai 400001
300
30.09.2006
30.09.2021
INE077A09047 Phone: 022-40807009
Email: itsl@idbitrustee.com
125
31.12.2007
INE077A09054
Perpetual
125
28.05.2009
INE077A09096
Perpetual
850
25.06.2012
25.06.2027
INE077A09104 .
, ,
780
26.02.2014
26.02.2024
INE077A08064 37, , ,
400023
: 022-22626283
-: info@allbankfinance.com
AllBank Finance Ltd.
Allahabad Building, 2nd floor, 37,
Mumbai Samachar Marg Fort,
Mumbai 400023
Phone 022-22626283
Email: info@allbankfinance.com
49

2014-15
.
31.03.2014 :
All this bonds are listed at the National Stock Exchange of India Ltd. and
the Bank as paid the annual listing fees for the financial year 2014-15 to
the Stock Exchange
Credit Rating position of the Bonds of our Bank (As on 31.03.2014):
Types of Bonds
Agency
Ratings
Lower Tier-II
CRISIL RATING
+ CRISIL AA+/ Stable
CARE RATING
+ CARE AA+
INDIA RATING
- IND AA-
II
Upper Tier-II
CRISIL RATING
/ CRISIL AA / Stable
INDIA RATING
- IND A-
IPDI
CRISIL RATING
/ CRISIL AA / Stable
CARE RATING
CARE AA
INDIA RATING
- IND A-
III II Basel III Compliant Tier-II Bonds CARE RATINGS

9.1
.
,
. ,
/
/ .

No. of Shareholders

No. of Shares
Demat
2,03,774
(85.98%)
52,88,18,058
(98.32%)
9.2
()
(..) / / , /

.
,

/
.
( )

, ,

.
() M/s. Sharepro Services (India)
Private Limited
: ,
Unit: Dena Bank,
, .52 56,
Samhita Complex, Gala No. 52 to 56,
.13 A-B,
Bldg. No. 13 A-B, Near Sakinaka
, - Telephone Exchange, Andheri-Kurla
, , - 400 072
Road, Sakinaka, Mumbai- 400 072.
Tel: 67720300/ 400/ 353/ 385
Tele- Fax: 2837 5646
- E-mail: sharepro@shareproservices.com
+ CARE AA+
9.1 Dematerialisation of Shares

The shares of the Bank are traded compulsorily in dematerialized
mode. The Bank, as an issuer, has entered into agreements with NSDL
and CDSL for dematerialization of shares. In terms of SEBI guidelines,
the Registrar & Share Transfer Agent of the Bank is also extending
the facility of transfer/ dematerialization / rematerialization etc., to
shareholders of the Bank.
Physical
33,221
(14.02%)
89,98,307
(1.68%)
Total
2,36,995
(100%)
53,78,16,365
(100%)
9.2 Share Transfer Systems and Redressal of Investor Grievances.

The Bank has engaged M/s. Sharepro Services (India) Private Limited
as Registrar & Share Transfer Agent (R & T Agent) of the Bank and
the Share/ Bond transfers / transmission, Dividend / Interest payments
and all other investors related matters are attended to and processed
by R & T Agent at their office. The R & T Agent after processing the
requests of investors put the same to the In-house Share Transfer
Scrutiny Committee of the Executives of the Bank which approves and
recommends the transfer / transmission etc. of shares of the Bank to
the Share Transfer Committee for ratification.
Shareholders may lodge their transfer deeds (only in case of holding
in physical form) and any other document, including complaints at the
following address of Registrar & Share Transfer Agent of the Bank
and also refer correspondence, if any, at the Banks Investor Relations
Centre at the address given below.
, ,
, 3 ,
,
-10, , -
, (), 400051
Tel: 26545318/19/20
Tele-fax: 26545317
E-mail: irc@denabank.co.in
Dena Bank, Head Office,

Investor Relations Centre, 3rd Floor,
Dena Corporate Centre, C-10,
G Block, Bandra Kurla Complex,
Bandra (East), Mumbai- 400 051
50

()
- ..
. , - .
.investorgrievance@denabank.co.in .

9.3 :
Securities and Exchange Board of India (SEBI) has advised the listed
companies to designate an exclusive e-mail ID for Redressal of Investor
Complaints. Accordingly, the Bank has provided a dedicated and exclusive e-mail id investorgrievance@denabank.co.in for the Grievance
Redressal. Shareholders are requested to avail of this facility in case of
any grievance.
9.3 Financial Calendar:

Financial Year
1 2013 31 , 2014
1st April, 2013 to 31st March, 2014
, , 10 , 2014 ()
Board Meeting for considering the Accounts and recommendation of dividend, 10 th May, 2014 (Saturday)
if any

21 , 2014 28, 2014
Dates of Book Closures
21st June, 2014 to 28th June, 2014

23 , 2014
Last date for receipt of proxy form
23rd June, 2014

28 , 2014
Date of Eighteenth Annual General Meeting
28th June, 2014
45
Board Meeting for taking on record the Un-audited results for first 3 quarters
Within 45 days of the end of relevant quarter

, ,
Venue of Eighteenth Annual General Meeting
, , (), 400056
Auditorium, Sir Sorabji Pochkhanawala Bankers' Training College,
Near Cooper Hospital, J.V.P.D. Scheme, Vile Parle (West),
Mumbai- 400 056
9.4 2013-14 .. ... /

Period
April 2013
May 2013
June 2013
July 2013
August 2013
September 2013
October 2013
November 2013
December 2013
January, 2014
February, 2014
March, 2014

Highest during the year

Lowest during the year
9.4 Shares Price and Volume of Shares traded on NSE & BSE
during the year 2013-14:
(..)
National Stock Exchange (NSE)
High
Low
/
`
`
Total Volume of shares

traded
96.80
84.65
31971209
98.35
84.05
41833699
86.95
65.05
38323246
73.30
51.20
71041810
55.00
41.80
105302551
54.40
42.45
109685455
54.10
45.15
73928910
65.00
52.90
141180924
64.40
54.05
54192030
63.80
52.80
26936188
55.65
51.00
10192512
62.10
51.45
19332802
` 98.35
`
41.80
(..)
Bombay Stock Exchange (BSE)
High
/
`
Low
`
Total Volume of shares
traded
96.80
84.90
5252087
98.25
84.00
6902235
87.00
65.20
6972112
73.25
51.50
14739905
55.00
41.85
25247015
54.50
42.50
22457166
54.00
45.20
14859794
65.00
52.90
31294628
64.50
54.25
13373551
63.75
53.00
7039296
55.40
51.10
3074984
62.05
51.50
5439656
` 98.25
`
41.85
51

9.5 31 , 2014
31 , 2014
:
..
Sl. No.
1
2
3
4
5
6
7
8
9.5 Shareholding Pattern as on March 31, 2014:

The shareholding pattern of the Bank as on March 31, 2014 is as follows:
Category

%
No. of Shares held
% of Shareholding
Government of India
31,19,69,644
58.01
Banks & Financial Institutions
4,04,622
0.07
/ .. Mutual Funds/ UTI
20,57,678
0.38
Insurance companies
8,90,78,206
16.56
Bodies Corporate
1,53,96,459
2.86
...NRI/ .. OCBs
25,69,646
0.48
/ / Resident Individuals/ HUF/ Trust, etc.
7,77,44,505
14.46
Foreign Institutional Investors
3,85,95,605
7.18
TOTAL
53,78,16,365
100.00
9.6 () 31-03-2014
(A) Statement showing shareholding of persons belonging to the category Promoter and Promoter Group as on 31-03-2014
..

%
Sl.No.
Name of Shareholder
Number of Shares held
% of total holding
1
President of India
31,19,69,644
58.01
TOTAL
31,19,69,644
58.01
() 31.03.2014
(B) Statement showing shareholding of persons belonging to the category Public and holding more than 1% of the total number of shares
as on 31-03-2014.
..
S/No.
1
2
3
Category of the Shareholders
LIFE INSURANCE CORPORATION OF INDIA

GENERAL INSURANCE CORPORATION OF INDIA
. ACACIA PARTNERS, LP
Total

Number of
Shares held
7,21,52,191
1,68,76,015
90,00,000

Shares as percentage of
total no. of shares
13.42
3.14
1.67
9,80,28,206
18.23
9.7 31 , 2014 Distribution of Shareholding as on March 31, 2014

( )
Shareholders
Shareholding
Description (No of Shares)
Number
%
Number
%
% to total
% to total
Upto 500
213927
90.27
33778215
6.28
501-1000
13087
5.52
10717892
1.99
1001-2000
5467
2.31
8404455
1.56
2001-3000
1589
0.67
4098687
0.76
3001-4000
756
0.32
2739449
0.51
4001-5000
555
0.23
2647683
0.49
5001-10000
872
0.37
6475365
1.21
Above 10000
742
0.31
468954619
87.20
Total
2,36,995
100.00
53,78,16,365
100.00
52

9.8 - .
Performance of Dena Bank Share in comparison with the movement of S & P CNX Nifty is shown here below:
- (...)
100
90
80
70
60
50
40
30
20
NIFTY
Dena Bank
Mar-14
Feb-14
Jan-14
Dec-13
Nov-13
Oct-13
Sep-13
Aug-13
Jul-13
Jun-13
May-13
` [Rs.]
7000
6500
6000
5500
5000
4500
4000
3500
3000
2500
2000
Apr-13
[NIFTY]
Share Price Movement [NSE]
9.9. Shareholders information:

The Bank had declared Dividend for the following years:
.Sl
Year
Dividend (%)
.Sl
Year
Dividend (%)
1996-1997
12%
10
2005-2006
NIL
1997-1998
15%
11
2006-2007
8%
1998-1999
16%
12
2007-2008
10%
1999-2000
6%
13
2008-2009
12%
2000-2001
NIL
14
2009-2010
20%
2001-2002
NIL
15
2010-2011
22%
2002-2003
NIL
16
2011-2012
30%
2003-2004
NIL
17
2012-2013
47%
2004-2005
NIL
18
2013-2014 ( / Interim)
11%
( ) 1970
10()(1)

,
7
. 2012-13 2013-14
.
10 () (1) ,

, 1956 205 -(1)
(....)
. 1996-97 ,
2005-06 / ....
.
As per section 10 (B) (1) of the Banking Companies (Acquisition and

Transfer of Undertakings) Act, 1970 as amended, a dividend which has
been declared by a corresponding new bank and has remained unpaid
or unclaimed upto thirty days from the date of declaration, bank is
required to transfer within seven days from the date of the expiry of such
period of thirty days, the total amount of dividend to a special account to
be called Unpaid Dividend Account. The Bank has complied with this
guideline for Final dividend for the year 2012-13 and Interim Dividend
for the year 2013-14.
As per section 10 (B) (1) of the aforesaid Act, Any money transferred to
the Unpaid Dividend Account of a corresponding new bank in pursuance
of this section which remains unpaid or unclaimed for a period of
seven years from the date of such transfer, shall be transferred by
the corresponding new bank to the Investor Education and Protection
Fund (IEPF) established under sub section (1) of section 205C of the
Companies Act, 1956. Our Bank is paying dividend since 1996-97 and
accordingly, amount of the dividends declared but remaining unpaid/
unclaimed upto 2005-06 will be transferred to IEPF.
53

,
. () .
. 2000-2001 2005-2006
.
Accordingly, the shareholders who have not received the dividend may
please contact Investor Relations Centre of the Bank or M/s. Sharepro
Services (India) Private Limited for assistance. Bank had not declared
any dividend during the years 2000-2001 to 2005-06.
, ....
, /

. /
... .
Ministry of Corporate Affairs which monitors and regulates IEPF is

expected to issue guidelines for transfer of dividend that has remained
unpaid for a period of seven years from the date of transfer to Unpaid
/ unclaimed dividend account. Thereafter the Bank will transfer the
unpaid / unclaimed dividends on respective due dates to IEPF.
9.10 ...

. ....
,
, .
9.10 SEBI has made it mandatory for all listed companies to use the
Bank account details furnished by the Depositories for distributing
dividends through National Electronic Clearing Service (NECS) to
the investors where ECS facility is available. In the absence of NECS
facility the Bank shall print the Bank Account details, if available, on
payment instrument for distribution of dividends to the investors.
9.11
/ ,

.
.
9.11 The shareholders having physical shares, who have not provided
the Bank Mandate details/ change in Bank Mandate details, may furnish
the same to avoid fraudulent encashment of the dividend warrants.
Performa for furnishing the Bank Mandate is provided separately in the
Annual Report.
9.12
, ,
.
() , .
() ,

.
9.12 It may please be noted that the shareholders who are holding
the shares in physical form may send their Bank Mandate details
and change in address, if any, to the Investor Relations Centre of the
Bank or M/s. Sharepro Services (India) Private Limited, Mumbai for
updating record of the shareholders. The shareholders who are holding
the shares in demat (electronic) form may approach their Depository
Participant for necessary updation of the particulars of Bank account,
address of shareholder etc.
9.13
5 (II) .
9.13. Bank has initiated necessary steps as required under clause 5 A

(II) of the Listing Agreement, with regard to Unclaimed Equity Shares
of the Bank.
54

Auditors Certificate on Corporate Governance

,

,
, -10, ,
- , ()
- 400 051,
To
(),
() ( -
) 49 31 , 2014
.
.
49
.

.

49
, /
.

.

,
.
We have examined the compliance of the conditions of Corporate

Governance by Dena Bank for the year ended March 31, 2014, as
stipulated in Clause 49 of the Listing Agreements (as modified from
time to time) entered into with National Stock Exchange of India Limited
(NSE) and BSE Limited (BSE).
The Board of Directors,

Dena Bank,
Head office, Dena Corporate Centre
C-10, G Block, Bandra Kurla Complex,
Bandra (East), Mumbai - 400 051.
The compliance of the conditions of corporate governance is the

responsibility of the management. Our examination was limited to the
procedures and implementation thereof, in terms of aforesaid Clause
49. It is neither an audit nor an expression of opinion on the financial
statement of the Bank.
We certify that, in our opinion and to the best of our information and
according to the explanations given to us, the Bank has complied with
the conditions of Corporate Governance as stipulated in the abovementioned Clause 49 of the listing agreements, so far as they are not
inconsistent with the guidelines issued by the Government of India/
Reserve Bank of India.
We state that no investor grievance is pending for a period exceeding
one month against the Bank as certified by Registrar & Transfer Agents
of the Bank.
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.
. ..

For S N Dhawan & Co.
Chartered Accountants
. .. .

For M/s S C Ajmera & Co.
[. . ]
[S.K.Khattar]
Partner
. MNo 084993
. . FRN 000050N
[.. ]
[S C Ajmera]
Partner
. M No 081398
.. FRN 002908C
.

For M/s Anand & Ponnappan
. ....

For A P A S & Co.
[. ]
[R Ponnappan]
Partner
. M No 021695
.. FRN 000111S
[ ]
[Abhishek Mahawar]
Partner
. M No 078796
.. FRN 000340C
Place: Mumbai
Date: 10 2014
55

, ()
CERTIFICATION BY CHAIRMAN & MANAGING DIRECTOR,

EXECUTIVE DIRECTORS AND GENERAL MANAGER (ACCOUNTS):
31 , 2014

i)

;
ii)
,
, .
We hereby certify that for the financial year, ending 31st March, 2014
on the basis of the review of the financial statements and the cash flow
statement and to the best of our knowledge and belief that :-
iii)
, 2013-2014
- ,
,
/ .
iv)
,

,

.
v) : :
1.

;
2.
;
3. / ,

, -
.

.
.
The Board of Directors

Dena Bank,
Mumbai
i.
These statement 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, as disclosed in the
financial results of the Bank.
iii.
There are, to the best of our knowledge and belief, no transactions

entered into by the Bank during the year 2013-14 which are
fraudulent, illegal or violative of the Banks code of conduct, except
as reported to Board / RBI.
iv.
We accept responsibility for establishing and maintaining internal

controls. We have evaluated the effectiveness of the internal control
systems of the bank and we have disclosed to the auditors and the
Audit Committee, those deficiencies, of which we are aware, in
the design or operation of the internal control systems and that we
have taken the required steps to rectify these deficiencies.
v.
We further certify that :

1.
there have been no significant changes in internal control

system during the year;
2.
there have been no significant changes in accounting policies

during this year, except as disclosed in the financial results of
the Bank.
3.
there have been no instances of significant fraud of which

we have become aware and the involvement therein, of
the management or an employee having a significant role
in the Banks internal control system except as reported to
Board / RBI. Whenever any frauds were detected necessary
disciplinary action was taken against the concerned employee.
Further necessary preventive measures are also being taken
on ongoing basis.
(..)
(..
(..)
( )
( )
(G C Garg)
(R K Takkar)
(Trishna Guha)
(Ashwani Kumar)
General Manager
Date: 09.05.2014
Place: , Mumbai
Executive Director
Executive Director
56

DECLARATION
49(I)()

Declaration of the Chairman and Managing Director pursuant to Clause

49 (I) (D) of the Listing Agreement with Stock Exchanges.

47(I)
() 31 , 2014
.
.
It is to declare that all the Board Members and Senior Management

Personnel of the Bank have affirmed their compliance with the Code
of Conduct for the Financial Year Ended on 31st March, 2014 in
accordance with clause 49 (I) (D) of the Listing Agreement entered into
with the Stock Exchanges. The said Code of Conduct has been posted
on the Banks website.
:
: 09.05.2014
For Dena Bank
Place : Mumbai
Date : 09.05.2014
(Ashwani Kumar)
Chairman and Managing Director
57
DIRECTORS PROFILE
01.01.2013
.
Shri Ashwani Kumar took over as Chairman & Managing Director of the
Bank on 1st January, 2013.

.
.
29 ,
, 31 , 2012
.
Shri Ashwani Kumar, a Post Graduate in Chemistry and a Certified

Associate of Indian Institute of Bankers, has over three decades of rich
commercial banking experience. After serving Allahabad Bank for over
29 years in various capacities at different locations, he shouldered the
responsibility as Executive Director of Corporation Bank till December 31,
2012, before taking over reigns of Dena Bank.

. , ,
, , , ,
. -

.
During his long banking career at Allahabad Bank, he has a vast

experience in banking both at operational level and administrative level.
He has exposure in Planning & Development, Marketing, Retail Credit,
Publicity, Asset Liability Management and Treasury Operations. Before
his elevation to the post of Executive Director he was Field General
Manager, Allahabad Bank, New Delhi looking after business development
of the Banks eight zones in north.

...., ,
, ..., ,
, . ...., .
.., , ..., , ,
, , , ...,
.
05 2013
. , 1989
.
, ...
( , -
) .
He has attended a number of training programmes covering various

areas of banking including Leadership Development & Corporate
Excellence at NIBM, Pune, Kellog School of Management Chicago, USA,
Bullion at Scotia Mocatta at London & Societe Generale at Paris, Forex
& Derivatives, Project Appraisal, SWAP & Derivatives, Treasury Risk &
ALM, Credit Management & Forex etc. at reputed institutions like NIBM,
Pune, IIM, Kolkata, BTC, RBI, Mumbai.
.
. .
.

..... 2009 - , ... ..
.
Smt. Guha is a Post graduate in Science and also holds PGD in

Computer Science. Smt. Guha has attended training programmes
covering various areas of banking including Training on Global
Information Solution Congress at Prague and also represented the Bank
in various International Seminars including CISCO live 2009 Annual IT
& Communications Conference at San Francisco, USA.
01 2014
. 1979
.
, , ,
. (
) .
Shri Ravi Krishan Takkar was appointed as Executive Director on 1st

February, 2014. Prior to joining the Bank, Mr. Takkar was working at
Oriental Bank of Commerce since 1979 in various capacities. During
his time with Oriental Bank of Commerce, Shri Takkar was posted as
Regional Head of Hyderabad, Agra, Karnal, Bhopal and Field General
Manager at Hyderabad. He was also General Manager, Credit Monitoring
and Mid Corporate Credit Dept.
()
(.....) . ...
...., .

, ... ......
.
Shri Takkar is a Graduate in Commerce (Hons.) and a Certified

Associate of Indian Institute of Bankers (CAIIB). He also holds LL.B.
Degree and Post Graduate Diploma in Bank Management from NIBM,
Pune. Shri Takkar has attended training programmes covering various
areas of banking and represented the Bank in various International
Seminars including Kellogg School of Management, USA and Leadership
Programme conducted by CAFRAL at Bangkok and Jakarta.
Smt. Trishna Guha was appointed as Executive Director of Dena Bank

on 5th August, 2013. Prior to joining the Bank, Smt. Guha was working at
Allahabad Bank since 1989 in various capacities. During her tenure with
Allahabad Bank, Smt. Guha was posted in IT, MIS at Corporate Office
and General Manager, New Initiatives, Govt. Business & e-delivery and
Marketing Dept. at Corporate Office.
58
DIRECTORS PROFILE
16 2014
. ,
1988 1990
.
Ms. Anna Roy represents Government of India on the Board of the Bank
since 16th April, 2014. Ms. Roy, Post Graduate in Economics from Delhi
School of Economics, Delhi University, started her career as a lecturer of
Economics in Delhi University during 1988 to 1990.
1992 . 1993

, . 1993 1996
, ,
.
Ms. Anna Roy joined Indian Economic Service in the year 1992. She
was a Research Officer in Planning Commission, Transport Division
during 1993. She was also Research Officer in Project Management Unit,
Department of Economic Affairs, Ministry of Finance during the period
from 1993 to 1996.
1996 2012
, ,
. 2009 2009
. , 2012 ,
, , .
Ms. Anna Roy held various positions like Deputy Director, Joint Director
and Director in Department of Economic Affairs, Ministry of Finance
and also Ministry of Civil Aviation during the period from 1996 to 2012.
She was Officer on Special Duty to Finance Minister during February
2009 till July 2009. Presently, from November 2012 onwards, Ms. Anna
Roy is Director, Department of Financial Serrvices, Ministry of Finance,
Government of India.
Shri V. Vasanthan represents Reserve Bank of India on the Board of
the Bank w.e.f. 6th September, 2012. He holds a Post Graduate Degree
in Arts (Economics). Shri V. Vasanthan has nearly three decades of
experience with Reserve Bank of India and is presently Chief General
Manager, Reserve Bank of India, Chennai. During his career with Reserve
Bank of India, Shri Vasanthan has worked with various departments of
Reserve Bank of India, such as on-site inspection and off-site monitoring
of commercial banks, urban and rural co-operative banks and Regional
Rural Banks. He has also toured various countries viz. Japan, Thailand,
Malaysia, Singapore in South-East, Baharain, Dubai in the MiddleEast and also USA for enhancing the banking supervisory skills, study
enhancing Agricultural and Rural Credit, participating in supervisory
discussions etc. He was also Ombudsman for West Bengal and Sikkim.
. 06.09.2012
. () . .

, .

- ,
.
, ,
-, ,
- , , , - , ,
... .
.. 23.11.2011
. .
Shri S. P. Sharma is appointed as Workmen Employee Director on the Board

of the Bank w.e.f. 23rd November, 2011. He is a Graduate in Commerce.
1979 .
, .
Joined the Bank in 1979, he has served in many branches in New Delhi
and presently serving at our Service Branch, New Delhi.
..
, ..... ,
.
01.01.2013
. .
... .
.
Shri S. P. Sharma is the General Secretary of All India Dena Bank

Employees Coordination Committee and Dena Bank Employees
Association, affiliated to AIBEA and Secretary, Delhi State Bank
Employees Federation.
Shri Mohan Lal Gupta is appointed as Officer Employee Director on the
Board of the Bank w.e.f. 01st January, 2013. He is a Graduate in Science
and Education. He is MBA and also done his Masters in Economics. He
is a Certified Associate of Indian Institute of Bankers.
1982 .
.. , .
Joined the Bank in 1982, he has served in many branches in Bhopal and
presently serving as Senior Manager at our M. P. Nagar Branch, Bhopal.

..... .
Shri Mohan Lal Gupta is the General Secretary of All India Dena Bank
Officers' Confederation, affiliated to AIBOC.
.
- 30 ,
2011 .
.
.
.
Shri J. Balasubramanian has been nominated by Government of India

as part-time non-official Director under the Chartered Accountant Category
on the Board of the Bank w.e.f. 30th June, 2011. He is a Graduate
in Commerce and is a Fellow Member of the Institute of Chartered
Accountants of India. Besides, he has a Law Degree and Diploma in
Tax and Labour Laws. He is a practicing Chartered Accountant rendering
Management and Tax Consultancy services.
59
DIRECTORS PROFILE

02.08.2011 -
.
. 16
. . ,
.
Shri
hri Vijay Kapoor is appointed as part-time non-official Director on the
Board of the Bank w.e.f. 2nd August, 2011. Shri Kapoor, Graduated in
Commerce and Law, is a leading industrialist. He is also the Chairman
of Kanpur District Industrial Co-Op. Estate Ltd. for last 16 years.
His patronage extends to various educational, religious and social
associations.
.. ,

. .,
.
Ex-member of U.P. Export Council and Minimum Wages Advisory

Committee, U.P, Shri Vijay Kapoor, besides having rich experience in
commercial and industrial area, is also socially active personality. He is
also Chairman of The Ganges Club Ltd., Kanpur.
12.10.2011 . .
39
. ,

.
Shri Rakesh Goel is appointed as part-time non-official Director on

the Board of the Bank w.e.f. 12th October, 2011. Qualified in Business
Administration, Shri Rakesh Goel is a successful Industrialist with over
39 years of experience. He is also closely associated with educational,
social and philanthropic organizations and various associations of
industries such as Chairman of Managing Committee of Sumeet Rahul
Goel Memorial Senior Secondary School and President of Association of
Batala Small Industries.
... (
(...), , ,
, , ,
... (...) .
Shri Goel is also a member of RAC (SSI), Commissionerate, Customs

& Central Excise, Chandigarh Zone, Public Grievances Committee
of Central Excise Commissioneratre, Jalandhar, PHD Chamber of
Commerce and Confederation of Indian Industries (CII).
Shri A. Subramanya is appointed as part-time non-official Director on
the Board of the Bank w.e.f. 5th December, 2013. He is a Graduate
in Commerce and is a Fellow Member of the Institute of Chartered
Accountants of India.
Shri Subramanya is a practicing Chartered Accountant having 18 years
of experience ambit covers Accounting, Auditing, Project Planning &
Financing, Company Law matters, Tax Planning and has been advisory
to various entities including Nationalized Banks & Co-operative Banks.
. 05 2013 .
.
18

, , ,
, . ,
.
17 2012 .

() .

. 1998 2003
.. .

.
.
Shri Rohit Desai is elected as Shareholder Director w.e.f. March 17,

2012. He is a Commerce graduate & Certified Associate of Indian Institute
of Bankers (CAIIB).
17 2012 .

.
Shri Mukesh Mohan is elected as Shareholder Director w.e.f. March 17,

2012. He is a Commerce graduate & a qualified Chartered Accountant
from Institute of Chartered Accountants of India. He is a practicing
Chartered Accountant.
Shri Mukesh Mohan has been nominated as member on various
Committees of Ministry of Finance, Government of India i.e. Key advisory
Group on ARC, Ministry of Finance, GOI, Key advisory Group on MSME,
Ministry of Finance, GOI. He is also a Member of Empowered Committee
on MSME Reserve Bank of India, NCT Delhi. He is Co-Chairman of
National MSME Committee and Senior Member on Banking & Finance
Committee of ASSOCHAM. He is member of MSME Committee and
Foreign Trade Committee of FICCI. He was member of Standing Advisory
Committee to Review the Flow of Institutional Credit to MSME Sector,
Reserve Bank of India.
,

: ... ,
, . .... , ,
. .... - , .
.. . .... -
........ .
.... . ...
. ....
.
Shri Desai served in Bank of India in various capacities before assuming

charge as Executive Director of Indian Overseas Bank. He served as
CEO, US Operations of Bank of India from New York during 1998 to
2003. He was elevated as Executive Director of Indian Overseas Bank,
where he reached the superannuation.
60
DIRECTORS PROFILE
... . -
. . . " "

.
...
.
Shri Mukesh Mohan is Co-founder of SME Helpline.com, a CSR Initiative

of Gyan Shree Industrial Consultants Pvt. Ltd. He is Chief Editor of SME
Helpline Newsletter & is Director on the Board of several closely held
Companies.
... 24 2013 .
. ( )
... .
Dr. P. S. Pasricha is elected as Shareholder Director w.e.f. December

24, 2013. Dr. Pasricha has a post Graduate Degree in Science (Physics)
and Ph.D. in Management.
. ,

. 38 ,
. ,

,
, , .
Dr. Pasricha is a leading expert in the country with nearly four decades
of experience in the areas of Security Management and Systems, Traffic
& Transportation Management and Urban Development Planning. He
retired as Director General of Police, Maharashtra after a distinguished
service spanning over 38 years. He was also associated with a number
of international and national level Govt. bodies and other prestigious
institutions, such as World Bank, London School of Economics, Ministry
of Urban Affairs, Indian Roads Congress etc. on strategic matters, policy
formulation and evolving institutional frame work.
.
, ,
.
, ..., , 25
,
.

.
Dr. Pasricha has been a regular speaker at numerous international

conferences across the world on matters related to Urban Management
and Transport Systems, Security and Intelligence, Terrorism among
others. He has in-depth understanding and vast exposure to international
standards and practices on security matters and traffic and transportation
management by virtue of his visits to over 25 countries spanning Europe,
USA, Asia-Pacific, South America etc.. He was specially chosen by the
Government to co-ordinate and monitors the development of Nanded City
funded by Central Government.
Shri Mukesh Mohan has conducted various Government Audits through

CAG and Bank Audits in various Nationalized and Private Banks.
59 ., .. . .. (I)
B.Com, CAIIB (I)

Govt. of India Nominee

Reserve Bank of India - Nominee

Workmen Employee Director
7 .
Shri V Vasanthan
8 . .
Shri S P Sharma

Govt, of India- Nominee
5 . .
Shri S K Jindal
6
Shri Rajat Sachar

Executive Director
4 . .
Shri R K Takkar
57 ...,
M.Sc., PGD in Computer Science
60 ..., .. . .., ..., ...

M.Sc., CAIIB,MBA, DCA

Qualification
Age
Yrs
56 ..., .. . ..
M.SC, CAIIB
55 .(), .. . .., ...,

....
B.Com (Hons.) CAIIB, LL.B., PGDBM from

NIBM
48 ., ... (),
, ,
B.Com, MBA (Finance), Master in Programme
on International Development Policy, Duke
University, U.S.A.
53 ..(), ,
(..
...), , ...
M.A. (Economics), Executive Programme, Asia
Pacific Centre for Security Studies (APCSS),
Hawaii, U.S.A.
57 ..()
M.A. (Economics)

Executive Director
3
Smt. Trishna Guha

TYPE

Executive Director

,
Particulars of Directors, Tenure &
shareholding in Dena Bank , if any.

Shri Ashwani Kumar
2 ..
Shri A.K.Dutt
.
.
Sr.
No.
1
06.09.2012

Until further orders
30.11.2011
To
30.06.2014
30.09.2013

Until further orders
02.12.2011
to
29.09.2013
01.01.2013
to
31.12.2017
01.03.2010
to
31.01.2014
05.08.2013
to
31.08.2017
01.02.2014
to
31.01.2019
Tenure
Nil
Nil
Nil
1. ... . . IFCI Ltd.

2.
. Irrigation & Water Resources
Finance Corporation of India Ltd.
NIL
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
100
Annexure A
/

Shareholding
Directorship / Membership & Chairmanship in
Committee of other companies
1.
Life Insurance Corporation of India

Nil
(31 , 2014 ) PARTICULARS OF DIRECTORS (during the year ended 31ST MARCH, 2014)

61

Appointed by Government of India



Shareholder Director
11
Shri Vijay Kapoor
12
Shri Rakesh Goel
13 .
Shri A Subramanya
14 .
Dr. Pritam Singh

Officer Employee Director
TYPE


,

Shri Mohan Lal Gupta
10 .
Shri J Balasubramanian
.
.
Sr.
No.
9
73 .., ...(),...
M.Com., MBA (USA), Ph.D.
43 .., ...
B.Com, FCA
60 ...,
Pre ISC,
Diploma in Business Administration

Qualification
Age
Yrs
58 ..., .., ..(.), .. . .
., ...() B.Sc., B.Ed., M.A.
(Eco), CAIIB, MBA (Finance)
64 .,.., ...,
B.Com., L.L.B, FCA, Diploma in Tax &
Labour Laws
50 ., ..
B.Com, LL.B
05.12.2013
to
04.12.2016
17.03.2012
to
24.04.2013
12.10.2011
To
11.10.2014
01.01.2013
to
31.12.2015
30.06.2011
to
29.06.2014
02.08.2011
To
01.08.2014
Tenure
1. Godrej Properties
2. .
Parsvanath Developers Ltd.
3. Dish TV
4. . Hero Motocorp Ltd.
5. ()
International Management Institute (Director
General)
6. ,
Indian Institute of Management, Kozikode.
1. .
Kanpur Industrial Development Estate Ltd.
2. . .
Malik Cycle Parts Industries Pvt. Ltd.
3. . .
Malik Infra Estate Pvt. Ltd.
4. . .
Sangam Shelters Pvt. Ltd.
5. ... . .
SAV Crefinlease Pvt. Ltd.
1.
Rashtriya Engg. Works
2. .
Goel Engg. Co.
NIl
1. . .
Foodcert India Pvt. Ltd.
500
Nil
Nil
Nil
Nil
Annexure A
/

Shareholding
NIL
Nil

62

17 . ..
Dr. P S Pasricha

TYPE


,

Shri Rohit Desai
16
Shri Mukesh Mohan
.
.
Sr.
No.
15
66 ...(), ...
M.Sc (Physics),
Ph. D in Management
50 .(), ...
B.Com (Hons), FCA

Qualification
Age
Yrs
69 ., .. . .. B.Com., CAIIB
24.12.2013
to
16.03.2015
17.03.2012
to
16.03.2015
17.03.2012
To
16.03.2015
Tenure
1. . .
Gyan Print Aids Pvt. Ltd.
2. . .
Agrima Technology Pvt. Ltd.
3.
Mohan Gyan & Associates
4.
Chamber of Indian Micro Small & Medium

Enterprises.
5. .
Madras Fertilizers Ltd
6. ... .
JCT Electronics Ltd.
7. . . Nav Tradex Pvt. Ltd.
1. . .
Geekay Security Services Pvt. Ltd.
2. . . Integrity
Verification Services Pvt. Ltd.
3. Allied Consulting
4. . Ring Plus Aqua Ltd.
5. . .
Milestone Trusteeship Services Pvt. Ltd.
6. .
The Chartered Finance Management Ltd.
200
900
Annexure A
/

Shareholding
150
NIL

63
64
31.03.2014
COMPOSITION OF COMMITTEE OF THE BOARD as on 31.03.2014
COMMITTEE

Management Committee
CHAIRMAN

Shri Ashwani Kumar

Audit Committee
.
Shri J. Balasubramanian

Remuneration Committee

Shri Rajat Sachar
/
. .
Shareholders / Investors Grievance Committee Shri R M Desai

Committee on Integrated Risk Management

Shri Ashwani Kumar

Committee Monitoring Large Value Frauds
Shri Ashwani Kumar

Share Transfer Committee

Shri Ashwani Kumar

Customer Service Committee

Shri Ashwani Kumar

Information Technology Committee

Shri Ashwani Kumar
Annexure B
MEMBERS
Smt. Trishna Guha
. . Shri R. K. Takkar
. Shri V. Vasanthan
. . Shri S. P. Sharma
. Shri J. Balasubramanian
Shri Vijay Kapoor
Shri Rohit Desai
Smt. Trishna Guha
Shri Rajat Sachar
. Shri V. Vasanthan
Shri Mukesh Mohan
. Shri V. Vasanthan
Shri Rakesh Goel
Shri Mukesh Mohan
Smt. Trishna Guha
. . Shri M. L. Gupta
Smt. Trishna Guha
Shri Vijay Kapoor
. Shri A. Subramanya
Shri Rohit Desai
Smt. Trishna Guha
Shri Rajat Sachar
Shri Vijay Kapoor
Shri Rohit Desai
Smt Trishna Guha
. . Shri. R. K. Takkar
Smt. Trishna Guha
Shri Rajat Sachar
. . Shri S. P. Sharma
Shri Vijay Kapoor
... Dr. P. S. Pasricha
Smt. Trishna Guha
Shri Rakesh Goel
. Shri A. Subramanya
. Shri Rohit M Desai
COMMITTEE

Compliance Committee
CHAIRMAN
.
Shri J. Balasubramanian

Nomination Committee

Shri Rajat Sachar

Committee on HR

Shri Ashwani Kumar

Credit Approval Committee

Shri Ashwani Kumar

Committee for monitoring High Value NPAs &
Loss Assets
-
Sub-Committee of Board on Priority Sector
Lending

Shri Ashwani Kumar

Departmental Promotion Committee

Issue Committee

Shri Ashwani Kumar

Smt. Trishna Guha

Smt. Trishna Guha
65
Annexure B
MEMBERS
Smt. Trishna Guha
Shri Rajat Sachar
. Shri J. Balasubramanian
Shri Vijay Kapoor
Smt. Trishna Guha
Shri Rajat Sachar
. . ( )
Shri S. P. Sharma(Special Invitee)
. . ( )
Shri M. L. Gupta (Special Invitee)
Shri Vijay Kapoor
. . Shri R M Desai
Smt. Trishna Guha
() General Manager (Accounts)
() General Manager (Credit)
( )
General Manager (Risk Management)
Smt. Trishna Guha
Shri Rajat Sachar
. Shri A Subramanya.
Shri Rajat Sachar
. Shri V. Vasanthan
Shri Vijay Kapoor
Shri Rakesh Goel
Shri Mukesh Mohan
Shri Rajat Sachar
. Shri V. Vasanthan
11/12
7/7
2/2
6/6
12/12
12/12
12/12
11/12
7/12
12/12
4/4
12/12
11/12
3/3

2
Smt. Trishna Guha
. .
3
Shri R K Takkar

4
Shri Rajat Sachar
.
5
Shri V. Vasanthan
. .
6
Shri S P Sharma
. .
7
Shri M L Gupta
.
8
Shri J Balasubramanian

9 Shri Vijay Kapoor

10
Shri Rakesh Goel
.
11
Shri A Subramanya
.
12
Shri Rohit M Desai

13
Shri Mukesh Mohan
..
14
Shri P S Pasricha
Attended /
Held
--
5/5
7/7
--
7/7
3/5
11/12
6/6
4/5
12/12
--
3/3
9/9
12/12
Attended /
Held
--
12/12
--
--
--
--
12/12
--
--
12/12
5/5
2/2
7/7
--
--
1/1
--
--
1/1
--
--
--
--
1/1
0/0
--
--
--
--
--
3/3
--
--
--
--
3/3
--
--
--
1/1
2/2
--
/
/
/
Attended / Attended / Held Attended /

Held
Held
Information Compliance Nomination

Technology Committee Committee
Committee
Meeting
Meeting
Meeting
Steering
Committee
of the Board
on HR
--
1/1
3/3
1/1
3/3
0/0
--
--
--
--
--
1/1
2/2
3/4
--
--
4/4
--
--
3/4
--
--
--
--
2/2
1/1
2/2
3/4
--
--
--
--
--
--
--
4/4
--
--
--
0/0
2/2
4/4
1/1
--
--
--
--
2/3
--
3/3
3/3
--
2/2
1/1
2/2
2/3
0/0
--
2/2
0/0
2/2
--
--
--
--
--
--
0/0
2/2
2/2
--
--
--
--
--
--
2/2
--
--
--
1/1
1/1
2/2
--
--
--
--
--
--
1/4
4/4
4/4
--
--
1/1
--
--
--
0/0
--
0/0
--
--
0/0
--
0/0
0/0
--
0/0
0/0
0/0
0/0
/
/
/
/
/
/
/
/
Attended / Attended / Held Attended / Held Attended / Held Attended / Held Attended / Held Attended / Held Attended/
Held
Held
...

Board
.
Meeting Management
Audit
Remuneration
SIGC
Share Transfer Customer

Committee Committee Committee
Meeting
Integrated
Committee
Service
Meeting
Meeting
Meeting
Risk
Committee
Meeting
Committee
Management Monitoring
Meeting
Committee Large Value
Meeting
Frauds
Meeting

1
Shri Ashwani Kumar
. Name
.
Sr.
No.

DETAILS OF ATTENDANCE OF DIRECTORS

Directors
Committee on Promotion
Priority Sector Committee
Lending
--
--
--
0/0
--
--
--
--
--
--
3/3
1/1
3/5
6/6
----
--
--
--
--
--
--
--
--
--
--
7/7
29/30
45/45
--
1/1
--
--
1/1
0/1
--
--
--
1/1
1/1
0/0
1/1
--
--
--
--
--
--
--
--
--
--
0/0
0/0
--
--
0/0
/ /
/
/
Attended/
Held
Attended/ held Attended / held Attended / held

Credit

Approval
Committee of
Committee for
the Board
Monitoring High
Value NPAs &
Loss Assets
--
--
--
--
--
--
--
4/4
--
--
--
2/2
4/4
--
Attended
/ held

Issue
Committee
Annexure C

66
..
Shri. A K Dutt
. .
Shri S K Jindal
.
Dr. Pritam Singh
. . Name
Sl No.
--
0/0
6/6
1/1
--
6/7
10/10
0/0
1/1
--
--
--
2/2
--
--
3/3
0/0
2/2
3/3
--
--
4/4
--
1/1
2/2
--
--
2/2
--
0/1
1/1
--
3/3
--
0/0
0/0
0/0

Date of
Meeting
17.05.13
23.08.13
17.09.13
01.11.13
11.01.14
28.02.14
--
3/3
5/5
--
0/0
1/1
Attended
/ Held
--
--
--
Attended
/ Held

Directors
Committee on Promotion
Priority Sector Committee
Lending
--
--
2/2
Attended /
Held

Issue
Committee

Date of Meeting Date of
Date of
Date of
Meeting
Meeting
Meeting
11.10.13
-29.11.13
10.04.13
26.12.13
22.04.13
25.02.14
26.04.13
26.03.14
02.05.13
14.05.13
16.05.13
22.05.13
01.06.13
12.06.13
24.06.13
29.06.13
05.07.13
19.07.13
26.07.13
03.08.13
16.08.13
21.08.13
29.08.13
14.09.13
24.09.13
27.09.13
28.09.13
30.09.13
12.10.13
15.10.13
26.10.13
02.11.13
14.11.13
18.11.13
28.11.13
05.12.13
11.12.13
16.12.13
19.12.13
28.12.13
15.01.14
25.01.14
30.01.14
05.02.14
12.02.14
25.02.14
11.03.14
22.03.14
26.03.14
29.03.14
--
--
38/38

Credit Approval

Steering Committee of
the Board
Committee for
Committee
Monitoring High
of the Board
Value NPAs & Loss
on HR
Assets
/
/
/
Attended/ Held
Attended/ Held
Attended/
Held

Dates of Date of Date of
Dates of
Dates of
Dates of Meeting
Dates of
Dates of
Dates of
Dates of Dates of Meeting Date of Dates of Meeting
Meeting
Meeting
Meeting
Meeting
Meeting
Meeting
Meeting
Meeting
Meeting
Meeting
-05.09.2013
25.09.13
20.04.13
28.06.13
10.05.13
25.05.13
05.04.13
10.06.13
10.05.13
05.04.13
10.05.13
06.04.13
18.11.2013
28.03.14
10.06.13
11.01.14
18.07.13
28.06.13
24.05.13
05.09.13
11.05.13
22.06.13
11.05.13
26.09.13
28.03.14
05.09.13
11.01.14
05.09.13
28.03.14
24.05.13
18.07.13
25.05.13
12.12.13
11.01.14
28.03.14
28.03.14
18.07.13
04.09.13
28.06.13
27.07.13
21.09.13
27.07.13
04.09.13
11.10.13
04.09.13
25.09.13
18.11.13
11.10.13
09.11.13
12.12.13
09.11.13
12.12.13
11.01.14
12.12.13
11.01.14
07.02.14
11.01.14
08.02.14
07.03.14
08.02.14
08.03.14
27.03.14
28.03.14
9/9
10/10
Attended
/ Held
/
/
Attended / Held Attended / Held
Attended
/ Held
Attended
/ Held
/
/
Attended / Held
Attended / Held
Attended
/ Held
/
Attended /
Held
/
Attended / Held
Attended /
Held
Attended /
Held

Nomination
Committee
Meeting

Compliance
Committee
Meeting

Information
Technology
Committee
Meeting

Customer
Service
Committee
Meeting

....

Integrated Share Transfer

SIGC
Committee Committee
Risk
Meeting
Meeting
Management Monitoring Large
Value Frauds
Committee
Meeting
Meeting

Remuneration
Committee
Meeting
Management
Audit
Committee
Committee
Meeting
Meeting

Board
Meeting
2013-14
DETAILS OF ATTENDANCE OF DIRECTORS WHOSE TERM HAS ENDED DURING 2013-2014

67
68
- III Basel III Disclosures

31 , 2014
3
Disclosures under Pillar 3 in terms of Guidelines on composition

of Capital Disclosure Requirements of Reserve Bank of India as
on 31st March 2014
III
31 , 2014
.
.
.
-1: -
(i) :
. .
Background :
/

Name of the
entity / Country of
incorporation

-
(/
)
Whether the entity
is included under
accounting scope
of consolidation
(yes / no)

Explain
the method of
consolidation
The following disclosures as of 31st March 2014 have been given as

per Basel III guidelines. The full disclosures are required to be made
at half yearly intervals. The disclosures are based on the materiality
concept and details are given in following disclosure formats.
Table DF-1: Scope of Application
(i)
Qualitative Disclosures:
a.
List of group entities considered for consolidation

(/ )
Whether the entity
is included under
regulatory scope of
consolidation
(yes / no)

Explain
the method of
consolidation
Explain the reasons
for difference in
the method of
consolidation

,

Explain the reasons
if consolidated
under only one
of the scopes of
consolidation
Not Applicable
.
.
b.
List of group entities not considered for consolidation both under

the accounting and regulatory scope of consolidation
( Amt. In Crores)
/

Principle Activity of the (

(
Name of the entity /
entity

country of incorporation
) Total balance % of banks holding in Regulatory treatment of ) Total balance
sheet equity (as stated
the total equity
banks investments in
sheet assets
in the accounting
the capital instruments
(as stated in the
balance sheet of the
of the entity
accounting balance
legal entity)
sheet of the legal
entity)

I /II
179.90
3228.21
Dena Gujarat Gramin
35.00%
Deducted from Tier
Banking
(As on 31.03.2013 )
(As on 31.03.2013 )
Bank
I / II
(ii) :
. .
/

Name of the entity / country of Principle activity of the entity
incorporation
(ii)
Quantitative Disclosures:
List of group entities considered for consolidation
(
) Total
balance sheet equity (as stated in
the accounting balance sheet of the
legal entity)
Not Applicable
(
)
Total balance sheet assets (as
stated in the accounting balance
sheet of the legal entity)
69

.

.
d.
The aggregate amount of capital deficiencies in all subsidiaries

which are not included in the regulatory scope of consolidation i.e.
that are deducted
/ Principle (

activity of the entity

Name of the subsidiaries /
) Total balance
country of incorporation
sheet equity (as stated in
the accounting balance
NIL
. , ( )

/

Name of the insurance
entities / country of
incorporation

Principle activity of
the entity
e.

% of banks holding in the
total equity
The aggregate amounts (e.g. current book value) of the banks

total interests in insurance entities, which are risk weighted:
(

/
) Total balance
sheet equity (as stated in % of banks holding in the
the accounting balance
total equity / proportion of
voting power
Not Applicable
.
:
-2 : :

:

.

.

l
;
l

.

1 2 .

.
3 - 5

. , I I I
....

.

31.03.2014 :
f.
Capital
deficiencies

Quantitative impact
on regulatory capital of using risk
weighting method versus using the
full deduction method
Any restrictions or impediments on transfer of funds or regulatory

capital within the banking group: Not Applicable
Table DF-2 : Capital Adequacy

Qualitative disclosures:
The capital requirement is a function of the regulatory requirements, the
risks arising from banks activities mainly due to economic and market
conditions. Capital planning of the bank is to ensure the adequacy of
capital at the times of changing economic conditions, even at times of
economic recession. In this process, the Bank recognizes:
l
Current capital requirement of the bank; and
Capital requirements to sustain projected asset acquisition in near

future.
On the basis of current capital position of the bank & need for future
capital, the bank raises capital in Tier -1 or Tier -2 with approval of
Board of Directors of the Bank. The Capital Adequacy position of the
bank is reviewed by the Board of the Bank on quarterly basis.
The Bank reviews its capital requirements and capital strategy based on
medium range business plans for 3 5 years. On the basis of review,
the bank raises capital in Tier I & Tier II capital.
For compliance with the New Capital Adequacy Framework, the Bank
has adopted Standardised Approach for Credit Risk, Basic Indicator
Approach for Operational Risk and Standardized Duration Approach for
Market Risk for computing CRAR.
The Banks Minimum Capital Requirement and Actual level of Capital &
Capital Adequacy as on 31.03.2014 are as under:
70

(` ` in crore)
(i)

Capital requirement for Credit risk
6179.04

Capital requirement for Credit Risk
6140.39

Capital requirement for items in respect of which Bank is contingently liable
Securitisation exposures
(ii)
38.65
0.00

Capital requirement for Market risk in respect of:
347.00

Capital requirement for Interest Rate Risk
306.23
( )
Capital requirement for Foreign Exchange risk (including gold)
4.50

Capital requirement for Equity Risk
36.27
(iii)
Capital requirement for Operational Risk:
396.89

Capital requirement for Operational Risk under Basic indicator approach
(iv)
Capital requirement for other Exposures

Capital requirement for exposures to bank
(v)
396.89
182.36
7.63

Capital requirement for Fixed Assets
101.94

Capital requirement for Other Assets
72.79
Total Capital
, ,
Minimum Capital Requirement for Credit, Market Operational Risk & Other Risks
7105.29

Actual Position of Total Eligible capital
8804.04
I Eligible Tier I Capital
5869.36
II Eligible Tier II Capital
2934.68
(vi) .... CRAR

.... CRAR
11.14
... 1 .... CET 1 CRAR
7.43
I .... Tier I CRAR
7.43
II .... Tier II CRAR
3.71
71

- 3 :
. :

,
, ... ,
:
l
,
.
l

.
l

.
l
- , ,
, , , .
l
.
. , :

(...)
.

-
.

.
.

, ,
.
.
.

.
.
:

- .

.
, ,
.
, ,
.
/
.
,
, ,
.
Table DF- 3 : Credit Risk : General disclosures

a. Strategies and Processes for credit risk:
The bank has a well defined Loan Policy, Retail Lending Policy, SME
Policy, Loan Recovery Policy and Investment Policy covering the
important areas of credit risk management as under:
l
Exposure ceilings to different sectors/ Industries of the economy,

different types of borrowers , group and Industry
Fair Practice Code in dispensation of credit
Discretionary Lending Powers for different levels of authority of

the bank
Processes involved in dispensation of credit pre sanction

inspection, rejection, appraisal, sanction, documentation,
monitoring, and recovery.
Fixation of pricing
b.
The Credit Risk philosophy, architecture and systems of the

bank are as under:
Credit Risk Philosophy:
Profitable deployment of resources in line with Asset Liability

Management (ALM) requirements.
To set up standard and uniform credit evaluation system

and procedures to monitor portfolio performance and set up
guideposts to augment income from non-fund exposures
To address issues of credit concentration and to set up prudential

credit exposure norms.
To build and maintain a well diversified portfolio for an orderly
asset growth
To set up a Credit Risk Management System with parameters for

risk identification, measurement, monitoring and mitigation
To provide for Loan Review Mechanism
To set up a risk based Loan Pricing.
To provide for dissemination of information to enable informed

credit decision making at all levels and to facilitate proper training
of field staff on credit appraisal and monitoring
To provide for adequate delegation of discretionary authority at all

levels.
Architecture and Systems of the Bank:
Bank
A Sub-Committee of Directors has been constituted by the

Board to specifically oversee and co-ordinate Risk Management
functions in the Bank.
Credit Risk Management Committee has been set up to formulate

and implement various credit risk strategy including lending
policies and to monitor Banks Enterprise-wide Risk Management
function on a regular basis.
Formulating of policies on standards for credit proposals, financial

covenants, rating standards and benchmarks.
Credit Risk Management cells deal with identification,

measurement, monitoring and controlling credit risk within the
prescribed limits.
Enforcement and compliance of the risk parameters and

prudential limits set by the Board/regulator etc.
Laying down risk assessment systems, developing MIS, and

monitoring quality of loan portfolio, identification of problems, and
correction of deficiencies.
72

, , ,
.

.
..-...-I
(..-...),
(...-...) (.
.-...-II) .
.
:
(...) : (...)
:
i. / 90
.
ii. / (.. / ..)
,
iii. 90
,
iv.
,
v.
,
../ .. /
.
/ ,
90

.

.
:

12 .
.. . .

.
...
.

12
.
50
. :
, , ,
1 ,
.

.
/
Evaluation of Portfolio, conducting comprehensive studies on

economy, industry, test the resilience on the loan portfolio etc.
Improving credit delivery system upon full compliance of laid

down norms and guidelines.
Credit Approval Committees have been set up at Zonal Offices

(ZO-CAC), Field General Managers Office (GMO-CAC) & Head
Office (HO-CAC-II) apart from existing Credit Approval Committee
of Board i.e. HO-CAC-I.
c.
The policy of the Bank for classifying banks loan assets is

as under:
NON PERFORMING ASSETS (NPA): A non-performing asset
(NPA) is a loan or an advance where;
i.
interest and / or installment of principal remain overdue for a

period of more than 90 days in respect of a term loan,
ii.
the account remains out of order in respect of an Overdraft/Cash

Credit (OD/CC),
iii.
the bill remains overdue for a period of more than 90 days in the
case of bills purchased and discounted,
iv.
the installment of principal or interest thereon remains overdue for

two crop seasons for short duration crops,
v.
The installment of principal or interest thereon remains overdue

for one crop season for long duration crops.
An OD/CC account is treated as out of order if the outstanding balance

remains continuously in excess of the sanctioned limit/drawing power.
In cases where the outstanding balance in the principal operating
account is less than the sanctioned limit/drawing power, but there are
no credits continuously for 90 days as on the date of Balance Sheet or
credits are not enough to cover the interest debited during the same
period, these accounts are treated as out of order.
An amount due to the bank under any credit facility is overdue if it is
not paid on the due date fixed by the bank. Non Performing Assets of
the Bank are further classified into three categories as under:
Sub-standard Assets:
A sub-standard asset would be one, which has remained NPA for a
period less than or equal to 12 months. All the recovery measures are
relevant in substandard assets also. If the entire overdue is recovered
by way of cash recovery, the account can be upgraded to standard
category immediately. Similarly, if an account is classified as NPA due
to technical reasons, the account shall be upgraded on clearance of
technical reasons.
Doubtful Assets:
An asset would be classified as doubtful if it remained in the sub standard
category for 12 months. In case of accounts, where the realizable value
of security available is less than 50% of the balance outstanding / dues,
these accounts would also be classified as Doubtful. Substandard and
Doubtful accounts, which are subjected to restructuring/ rescheduling,
can be upgraded to standard category only after a period of one year
after the date when first payment of interest or of principal, whichever is
earlier, falls due, subject to satisfactory performance during the period.
Loss Assets:
A loss asset is one where loss has been identified by the bank or internal
or external auditors or the RBI inspection. In Loss assets, realizable
value of security available is not more than 10% of balance outstanding/
73

10 . , /
, .
. /
.

.

.
. ` 25 (
) .
` 25 ,

.
:
dues. Since security back up will not be available, the restructuring/

rehabilitation, if required, should be considered with utmost care.
d.
The Scope and Nature of Risk Reporting and / or Measurement

System:
The Bank has in place a credit risk rating system for its credit exposures.
An effective way to mitigate credit risks is to identify potential risks in
a particular asset, maintain a healthy asset quality and at the same
time impart flexibility in pricing assets to meet the required risk-return
parameters as per the banks overall strategy and credit policy.
The Bank has implemented rating models taken from CRISIL for rating
of customers. The rating on RAM (Risk Assessment Models) is done for
customers with limits above of ` 25 Lacs & above.
For below Rs 25 lacs, the bank has separate credit risk rating system for
evaluating credit risk and is designed to assist the bank in determining
the probability of default and the severity of default, among its loan
assets.
e.
The Quantitative Disclosures in respect of Credit Risk are as

under:
(` ` In crore)
..
Sr. No

Fund Based
(i)
( )
Total credit (Net of provision)
77553.77
(ii)

Geographic Distribution of Advances
77553.77
(iii)
Overseas
Domestic
.
Industry type distribution of domestic exposures
( )
MINING & Quarrying (incl. Coal)
IRON & STEEL
.
OTHER METALS & METAL PRODUCTS
0
77553.77

Fund Based Outstanding
51.55
3149.16
625.99

ALL ENGINEERING
2816.04
COTTON TEXTILE
2346.97
JUTE TEXTILE
OTHER TEXTILES
SUGAR
TEA
FOOD PROCESSING
4.65
1961.66
92.47
4.09
1242.98
( )
VEGATABLE OILS (INCL. VANASPATI)
484.35

PAPER & PAPER PRODUCTS
416.76
74

(` ` In crore)
..
Sr. No

Fund Based
,
RUBBER, PLASTIC & PRODUCTS
, ,
CHEMICALS, DYES, PAINTS & PHARMACEUTICALS of which:
39.48
1377.11
FERTILIZERS
256.73
- PETRO-CHEMICALS
620.08
DRUGS & PHARMACEUTICALS
237.74
CEMENT
676.57
LEATHER & LEATHER PRODUCTS
464.39
GEMS & JEWELLERY
704.13
CONSTRUCTION
616.98
,
PETROLEUM, COAL PRODUCTS AND NUCLEAR FUELS
269.89
,
VEHICLES, VEHICLES PARTS & TRANSPORT EQUIPMENTS
246.40
COMPUTER SOFTWARE
207.90
,
INFRASTRUCTURE of which:
14754.94
POWER
10200.63
TELECOMMUNICATIONS
1104.92
ROADS & PORTS
2514.58
AIRPORTS
( )
61.23
RAILWAYS(other than Indian Railways)
253.75
OTHER INFRASTRUCTURE
619.83
... NBFC
6602.73
TRADING
4328.34
BEVERAGE & TOBACCO

WOOD & WOOD PRODUCTS
OTHER INDUSTRIES
(12.97%) . ,
. 2013

. ..
. .
2.72
93.32
3471.89
There is a concentration of advance in power industry (12.97%) of
gross advances, however the same is within sectoral limit of the bank..
In the Incremental Exposure since September 2013, bank has reduced
its exposure to power sector. Further, Bank is shifting its focus to retail
and SME sector.
75

.
f. Residual Contractual Maturity Breakdown of Assets
(` ` In crore)

Maturity Pattern
Advances
1 ( ) 1 day (next day)

2 7 2 to 7 days
8 14 8 to 14 days
15 28 15 to 28 days
29 3 29 days and up to 3 months
3 6 Over 3 months & up to 6 months
6 1 Over 6 months & up to 1 year
1 3 Over 1 year & up to 3 years
3 5 Over 3 years & up to 5 years
5 Over 5 years
Total
1574.96
797.05
925.63
166.71
2015.77
2515.18
3852.57
45340.41
8723.87
11641.61
77553.77
Investments
0.99
521.59
63.86
438.75
1717.30
240.42
972.80
4796.81
8062.68
19800.87
36612.07

Foreign Currency
Assets
180.78
116.69
96.19
318.24
749.66
693.67
299.41
115.73
0.00
0.00
2570.37
. - :
g. Disclosure in respect of Non-performing Advances and Investments:
..:
a. Gross NPA:
Category
.
b.
.
c.
.
d.
Sub Standard
- 1 Doubtful - 1
- 2 Doubtful - 2
- 3 Doubtful - 3
Loss
... Total NPA
... ` 1818.92 .
The amount of net NPA is ` 1818.92 Crore
... :
The NPA ratios are as under:
l ... Gross NPAs to Gross Advances - 3.33 %
l ... Net NPAs to Net Advances
- 2.35 %
... :
The movement of gross NPAs is as under
.
Sl. No.
(i)
(ii)
(iii)
(iv)
Particulars
Opening Balance at the beginning of the year
Addition during the year
Reduction during the year
Closing Balance as at the end of the year ( i + ii - iii )
`
(` In Crore)
1567.70
361.68
461.02
96.98
128.65
2616.03
`
` In Crore
1452.45
2419.86
1256.28
2616.03
76

...
... :
f. The movement of provision for NPA is as under:
.
Sl. No.
(i)
Particulars

(ii)

Provision made during the year
(iii)
.
Write-off made during the year
(iv)
Write-back of excess provisions made during the year
(v)

Closing Balance as at the end of the year (i+ii-iii-iv)
. - ` 110.22 .
g. The amount of non-performing investments is ` 110.22 Crore.
`
` In Crore
518.51
733.12
478.85
772.78
. - ` 110.22 .
h. The amount of provisions held for non-performing investments is ` 110.22 Crore
. :
i. The movement of provisions for depreciation on investments is as under:
.
Sl. No.
(i)
(ii)
(iii)
(iv)
(v)
Particulars

Provision made during the year
Write-off made during the year
... ... / ... .
Depreciation adjusted by reducing book value of Investment under AFS/ HFT category shifted to HTM

Closing Balance as at the end of the year (i+ii-iii-iv)
- 4: :
,
.... ( ) ,
...., .....
. ,
.
... ....
( )

.

:
`
` In Crore
204.33
338.35
31.35
35.61
475.72
Table DF- 4: Credit risk: Disclosures for Portfolios subject to the

Standardised Approach
Under Standardized Approach, the bank accepts rating of all RBI
recognised ECRAs (External Credit Rating Agencies) namely CARE,
CRISIL, India Rating, ICRA, Brickwork and SMERA for domestic credit
exposures. For overseas credit exposures the bank accepts rating of
Standard & Poor, Moodys and Fitch as per RBI guidelines.
The bank encourages large corporate borrowers to solicit ratings from
RBI approved ECAI (External Credit Assessment Institutions) and has
used these ratings for calculating risk weighted assets wherever such
ratings are available.
The risk weighted assets considering risk mitigants subject to
Standardized Approach (rated and unrated) in the following three major
risk buckets are as under:
77

(i) -
(i)
Fund based & Non- Fund based exposures
(` )
100% At below 100%

100% At 100%
100% At more than 100%
(... ) Deducted (Against CRM)
Total
- 5 :
. - /
/ /

.
.
-

.

( -
) (
) . :
( ) :
1. , .
2. , , .
3. .
4. ..., ..., ..., , ,
.
5. .
6. .
7. .

.
,

:
( )

....
......
... :

, . .
..
.

Fund based Exposure
40917.84
22425.98
11045.20
4232.84
78621.86
(`` in Crore)
-
Non Fund based Exposure
1942.31
3926.65
2402.16
933.82
9204.94
Table DF- 5: Credit Risk Mitigation: Disclosures for Standardised

Approach
a. Credit Risk Mitigation technique- On/Off balance sheet
netting
On/Off Balance Sheet netting is confined to loans/advances and
deposits, where bank has legally enforceable netting arrangements,
involving specific lien with proof of documentation.
b. Valuation of Collaterals
The valuation of eligible collaterals is taken based on the current
market price as per the extant guidelines of the Bank regarding
valuation of financial collaterals and non-financial collaterals
Bank obtains various types of securities (which may also be termed
as collaterals) to secure the exposures (Fund based as well as
non-fund based) on its borrowers. Generally following types of
securities (whether as primary securities or collateral securities)
are taken:
1. Movable assets like stocks, movable machinery etc.
2. Immoveable assets like land, building, plant & machinery
3. Banks own deposits.
4. NSCs, IVPs, KVPs, Govt. Bonds, RBI Bonds, LIC policies, etc.
5. Cash Margin against Non-fund based facilities
6. Gold Jewellery
7. Shares as per approved list
The bank has well-laid down policy on valuation of securities charged
to the bank. According to Loan policy, Valuation of collateral securities
such as immovable properties charged to Bank should be taken once in
three years.
The main types of guarantors against the credit risk of the bank are:
Individuals (Personal guarantees)
Corporate
Central Government
State Government
ECGC
CGTMSE
CRM collaterals are mostly available in Loans Against Banks Own
Deposit and Loans against Government Securities, LIC Policies. CRM
securities are also taken in non fund based facilities like Guarantees and
Letters of Credit.
78

... ( II)
/ , ...., ...... .
31.03.2014
` 5209.15 .
. ... -

Nature of Assets
Eligible guarantors (as per Basel II) available as CRM in respect of Banks
exposures are mainly Central/ State Government, ECGC, CGTMSE.
The total volatility adjusted Credit Risk Mitigants eligible for deduction
from the outstanding exposures as on 31.03.2014 are ` 5209.15 Crore
c. CRM exposure (portfolio-wise)
(` ` In Crore)
Fund Based
...
CRM Exposure
-
Non Fund Based
...
CRM Exposure
0.18
0.02
16628.06
150.12
517.01
4.37
Claims on Bank
250.11
150.09
41.45
15.72
Primary Dealers
19.18
10.07
1.41
0.90
Corporates
40408.17
2409.26
7997.69
730.96
Regulatory Retail Portfolio
14713.95
1432.39
568.96
160.38
Residential Property
3267.59
26.23
Commercial Real Estate
941.44
6.78
65.73
13.99
Specified Category
2166.24
44.74
12.49
7.39
Other Assets
227.11
3.14
Domestic Sovereign
Public Sector Entity
-6 :
31 , 2014
.
- 7 :
,
.
:

....
...
.
....
,
,
-
-
.
, , . -
(
) . -

( )
.
Table DF- 6: Securitisation Exposures: Disclosure for Standardised

Approach
The Bank does not have any case of its assets securitised as on 31st
March, 2014.
Table DF- 7: Market risk in Trading Book
The Bank defines market risk as potential loss that the Bank may incur
due to adverse developments in market prices. The following risks are
identified as Market risk:
Interest Rate Risk
Currency Risk
Price risk
ALCO Desk
ALM Desk or Asset Liability Management Section of Integrated
Risk Management Department is headed by a Chief Manager. The
Desk comprises of number of trained Officers and is responsible for
implementing the Asset Liability Management directions of ALCO and to
undertake necessary studies, analysis, etc for this purpose.
Mid Office
The Mid-Office in Integrated Treasury Branch is equipped with Officers
with necessary skills and is responsible for monitoring, measuring,
analyzing and reporting market risk involved in the operations on a
continuous basis. The Mid-Office is independent of the Front & Back
Offices of Treasury and reports to Dy. General Manager (Integrated Risk
Management Department). The Mid-Office submits weekly reports to
Dy. General Manager (Integrated Risk Management Department) on the
levels of adherence to the prescribed prudential limits in this Policy as
well as the Investments Policy of the Bank.
79

,
,
. ,
. ,
.

.
.
31 , 2014 (
)
.
Sl. No.
Market Risk Management

In order to manage above risks, Banks Board of Directors has laid
down various limits such as Aggregate Settlement limits, Stop loss limits
and Value at Risk limits. The risk limits, controls the risks arising from
open market positions. The stop loss limit takes into account realized and
unrealized losses. Bank has put in place a proper system for calculating
capital charge on Market Risk on Trading Book as per RBI Guidelines,
viz., Standardised Duration Approach. The capital charge thus calculated
is converted into Risk Weighted Assets.
Capital charge on Market Risk (Standardised Duration Approach) as on
31st March 2014 is as under:

Risk Category
I
a
(i)
(ii)
(iii)
(iv)
b
II
i.
ii.
III
(+) Interest Rate (a+b)

General market risk
Net Position
Horizontal disallowance
Vertical disallowance
Options
Specific risk
(i+ii) Equity Risk (i+ii)
General market risk
Specific risk
( )
Foreign Exchange Risk (including Gold)
IV
(I+II+III)
Total capital charge for market risks under Standardised duration approach (I + II+III )
-8 :

, .

. .
(...)
/ ,
. ...

, , ,
.

/ :
/ .

.
, , ,

. .. .
(` )
Amount
(` In crore)
306.23
215.18
215.02
0.16
91.05
36.27
16.12
20.15
4.50
347.00
Table DF- 8: Operational risk

Operational Risk is the risk of loss resulting from inadequate or failed
internal processes, people or systems or from external events. It includes
legal risk but excludes strategic and reputation risk. Operational risk is
inherent in the Banks business activities in day to day operations.
Objectives of Operational Risk Management (ORM)
To recognise the need to understand operation risk in activities /
business lines in which the bank is engaged. ORM functions shall
not be understood as a process of eliminating such risks but as a
systemic approach to understand, identify, measure, monitor and
control such risk.
To set up operational risk limits for various causes leading to
operational risk event based on actual risk data collected, its
severity and its trend. This approach would be necessary to
eliminate / restrict the underlying causes for operational risk event
to occur.
To devise operational risk reporting system for specified business
lines.
Integrate ORM system in to day to day risk management processes
of the bank by clearly assigning roles for effectively identifying,
assessing, monitoring, control and mitigating operational risk events.
80
(. ..)
(.
(.../ ...) .
,
.
. ..
:

, ... ,
.
(15%) .
.
31 2014
` 4409.86 .
-9: .
(.....)
.
( ) () :

.
(i)

:
Propose to move from Basic Indicator Approach (BIA) to higher

approaches (TSA / AMA) for Operational risk in due course.
In line with RBI guidelines, Bank has adopted the Basic Indicator
Approach (BIA) to compute the capital requirements for Operational Risk.
The methodology for calculating capital requirements under BIA can be
summarised as given below:
The Gross Income of last three years is calculated by adding operating
expenses to Operating Profit and subtracting reversal of provisions, profit
from sale of HTM securities and income from insurance business as per
RBI guidelines. The average gross income is then multiplied by a factor
Alpha (15%) to get Capital Charge for operational risk. Based on capital
charge, Risk weighted Assets are calculated.
Risk Weight Assets for the Operational Risk as at 31st March 2014 is at
` 4409.86 Crores.
Table DF- 9: Interest rate risk in the banking book (IRRBB)
The interest rate risk is measured and monitored through two approaches:
Earning at Risk (Traditional Gap Analysis)(Short Term):
The immediate impact of the changes in the interest rates on net interest
income of the bank is analyzed under this approach.
i. The Earning at Risk is analyzed under different scenarios as
under :
EaR
...
Impact on NII for the next year
( i.e. 31.03.2015)
By 50 bps
By 200 bps

Downward shift for assets as well as liabilities

Downward shift for deposits and investments and not for advance portfolio
(ii) ( )
()
.

.
100 /
200 .
. 100 / 200

31.03.2014
` 618.81 / ` 1237.61 .
. .. , 100
/ 200
31.03.2014 ` 101.26
/ ` 202.52 .
,
,
, /
/ .

.
ii.
-133.59
-534.34
97.74
390.97
Economic Value of Equity (Modified Duration Gap Analysis)

(Long term) :
a. Economic Value of Equity is done by calculating modified
duration of assets and liabilities to arrive at the modified
duration of equity. Impact on the Economic Value of Equity is
analyzed for a 100 bps/ 200 bps rate shock at regular intervals
for domestic operations through Duration Gap Method.
b. The net impact on net worth of the bank against 100 bps / 200
bps downward movement in interest rates is ` 618.81 Crores /
` 1237.61 Crores as on 31.03.2014 for domestic operations.
c. For assets and liabilities denominated in US dollars, the net
impact on net worth of the bank against 100 bps / 200 bps
downward movement in interest rates is ` 101.26 Crores /
` 202.52 Crores as on 31.03.2014.
In the course of its business, Bank has set in place systems & procedures
to identify the risks involved, measure the impact thereof, adhere to
mitigation techniques / take necessary steps to mitigate such risks.
Further, monitoring of such risks and mitigation thereof is done on an
on-going basis.
81
- 10

-
.
.
,
,

.

.

.

.
.
...
.

.

.

1. -
.
2. .

.
Particulars
Current Credit Exposure

Potential Future Exposure
Total Credit Equivalent
Table DF-10 General Disclosure for Exposures related to

Counterparty credit Risk
Qualitative Disclosure
Counterparty Credit Risk is defined as the risk that the counterparty to a
transaction could default before the final settlement of the transactions
cash flows and is the primary source of risk for derivatives and securities
financing transactions. Unlike a Banks exposure to credit risk through a
loan, where the exposure to credit risk is unilateral and only the lending
bank faces the risk of loss, the counterparty credit risk is bilateral in
nature i.e. the market value of the transaction can be positive or negative
to either counterparty to the transaction and varying over time with the
movement of underlying market factors.
An economic loss would occur if the transactions or portfolio of transactions
with the counterparty has a positive economic value at the time of default.
Bank offers derivative product viz Forex Forward Contracts to customers
to enable them to hedge their currency exposure. All over-the-counter
derivative leads to counterparty credit exposures which bank monitors
on a regular basis.
The bank has a well laid down policy for undertaking derivative
transactions approved by board.
Capital for CCR exposure is assessed based on Standardised Duration
Approach.
Bank has put in place Counterparty Credit Risk limits for banks as
counterparty, based on internal rating of the counterparty bank with the
approval of the board. Counterparty exposures for other entities are
subject to comprehensive exposure ceiling fixed by the board.
Quantitative Disclosure
1. As of date bank is dealing in Foreign Exchange Forward contracts
and currency swaps.
2. The Bank does not recognise bilateral netting. The credit equivalent
amount of derivatives that are subjected to risk weighting are
calculated as per the Current Exposure Method.
(` ` In Crore)
-
Foreign Exchange contracts & Swaps
1081.26
193.75
1275.01
82

- 11:
Table DF-11: Composition of Capital
(` ` in Crores)
III
( 1 2013 31 2017 )
Basel III common disclosure template to be used during the transition of regulatory adjustments
(i.e. from April 1,2013 to December 31, 2017)
1 :
Common Equity Tier 1 capital: Instruments and reserves
1 ( )
Directly issued qualifying common share capital plus related stock surplus (share premium)
2 Retained earnings
3 ( )
Accumulated other comprehensive income (and other reserves)
4 ... 1 - ( -
) Directly issued capital subject to phase out from CET 1 (only applicable to nonjoint stock companies)
1 2018 ()
Public sector capital injections grandfathered until 1 January 2018
5 (... 1 )

Common share capital issued by subsidiaries and held by third parties (amount allowed in
group CET 1)
6 1
Common Equity Tier 1 capital before regulatory adjustments
1 :
Common Equity Tier 1 capital: regulatory adjustments
7
Prudential valuation adjustments
8 ( )
Goodwill (net of related tax liability)
9 - ( )
Intangibles other than mortgage-servicing rights (net of related tax liability)
10 Deferred tax assets
11 - Cash-flow hedge reserve
12
Shortfall of provisions to expected losses
13 Securitisation gain on sale
14
Gains and losses due to changes in own credit risk on fair valued liabilities
15 -
Defined-benefit pension fund net assets
16 (
) Investments in own shares (if not already netted off paid-in capital on reported balance
sheet)
17 -
Reciprocal cross-holdings in common equity
18 , , ,
, 10% (10%
)
Investments in the capital of banking, financial and insurance entities that are outside the
scope of regulatory consolidation, net of eligible short positions, where the bank does not own
more than 10% of the issued share capital(amount above 10% threshold)
III

Amounts subject
to Pre-Basel III
Treatment
537.82
537.82
5792.73
5792.73
6330.55
6330.55
22.00
22.00
521.06
-
521.06
-
86.80
17.80

19
, , ,
(10% )
Significant investments in the common stock of banking, financial and insurance entities
that are outside the scope of regulatory consolidation, net of eligible short positions (amount
above 10% threshold)
20 (10% )
Mortgage servicing rights (amount above 10% threshold)
21 (10% ,
) Deferred tax assets arising from temporary differences (amount above 10%
threshold, net of related tax liability)
22 15%
Amount exceeding the 15% threshold
23 :
of which: significant investments in the common stock of financial entities
24 :
of which: Mortgage servicing rights
25 :
of which: Deferred tax assets arising from temporary differences
26
National specific regulatory adjustments
26 :
a of which: Investments in equity capital of the unconsolidated insurance subsidiaries entities
26 b : -
of which: Investments in equity capital of the unconsolidated insurance non-financial
subsidiaries
26 c : -
of which: Shortfall in the equity capital of the majority owned financial entities which have not
been consolidated with the bank
26 d :
of which: Unamortised pension funds expenditures
III 1
Regulatory Adjustments Applied to Common Equity Tier 1 in respect of Amounts
subject to Pre-Basel III Treatment
27 1 2 1

Regulatory adjustments Applied to Common Equity Tier 1 due to insufficient Additional Tier 1
and Tier 2 to cover deductions
28 1
Total regulatory adjustments to Common equity Tier 1
29 1 (... 1)
Common Equity Tier 1 Capital (CET 1)
1 : Additional Tier 1 capital : instruments
30 1 ( )
Directly issued qualifying Additional Tier 1 instruments plus related stock surplus
31 : ( - )
of which: classified as equity under applicable accounting standards (Perpetual NonCumulative Preference Shares)
32 : ( )
of which: classified as liabilities under applicable accounting standards (Perpetual debt
Instruments)
33 1 ( )
Directly issued capital instruments subject to phase out from Additional Tier 1
461.19
461.19
5869.36
200.00
250.00
200.00
250.00
83

34
(.. 1 )
1 ( 5 ... 1 ) Additional Tier 1 instruments
(and CET 1 instruments not included in row 5) issued by subsidiaries and held by third parties
(amount allowed in group AT 1)
35 : ( )
of which: instruments issued by subsidiaries subject to phase out.
36 1 Additional Tier 1 capital before regulatory
adjustments
1 :
Additional Tier 1 capital :regulatory adjustments
37 1
Investments in own Additional Tier 1 instruments
38 1 - Reciprocal cross-holdings in Additional Tier
1 instruments
39 , , ,
, (10%
) 10% .
scope of regulatory consolidation, net of eligible short positions, where the bank does not
own more than 10% of the issued common share capital of the entity (amount above 10%
threshold)
40 , , ,

Significant investments in the capital of banking, financial and insurance entities that are
outside the scope of regulatory consolidation (net of eligible short positions)
41 (41 + 41 ) National specific regulatory adjustments
(41a+41b)
41 a - 1
Investments in the Additional Tier 1 capital of unconsolidated insurance subsidiaries
41 b
Shortfall in the Additional Tier 1 capital of majority owned financial entities which have
not been consolidated with the bank
III 1
Regulatory Adjustments Applied to Additional Tier 1 in respect of Amounts Subject

to Pre-Basel III Treatment
42 2 1
Regulatory adjustments applied to Additional Tier 1 due to insufficient Tier 2 to cover
deductions
43 1
Total regulatory adjustments to Additional Tier 1 capital
44 1 (.. 1)
Additional Tier 1 capital (AT1)
44 1 Additional Tier 1 capital reckoned
a for capital adequacy
45 1 (1= ... 1+ .. 1)(29+44 )
Tier 1 capital (T1 = CET1 + AT1) (29 + 44a)
2 :
Tier 2 capital: instruments and provisions
46 2
Directly issued qualifying Tier 2 instruments plus related stock surplus
200.00
250.00
200.00
0.00
0.00
5869.36
6027.83
2115.20
2474.80
84

47
2 ( )
Directly issued capital instruments subject to phase out from Tier 2
48 ( 2 ) 2
( 5 34 ... 1 .. 1 )
Tier 2 instruments (and CET1 and AT1 instruments not included in rows 5 or 34) issued by
subsidiaries and held by third parties (amount allowed in group Tier 2)
49 : ( )
of which: instruments issued by subsidiaries subject to phase out
50 Provisions
51 2
Tier 2 capital before regulatory adjustments
2 : Tier 2 capital: regulatory adjustments
52 2
Investments in own Tier 2 instruments
53 2 -
Reciprocal cross-holdings in Tier 2 instruments
54 , , ,
, (10%
) 10% .
scope of regulatory consolidation, net of eligible short positions, where the bank does not
own more than 10% of the issued common share capital of the entity (amount above the
10% threshold)
55 , , ,

Significant investments in the capital banking, financial and insurance entities that are outside
the scope of regulatory consolidation (net of eligible short positions)
56 (56+56) National specific regulatory adjustments
(56a+56b)
56 a : - 2
of which: Investments in the Tier 2 capital of unconsolidated subsidiaries.
56 b : 2

of which: shortfall in the Tier 2 capital of majority owned financial entities which have not been
consolidated with the bank.
III 2
Regulatory Adjustments Applied To Tier 2 in respect of Amounts Subject to PreBasel III Treatment
57 2
Total regulatory adjustments to Tier 2 capital
58 2 ( 2) Tier 2 capital (T2)
58 2
a Tier 2 capital reckoned for capital adequacy
58 b 1 1
Excess Additional Tier 1 capital reckoned for capital adequacy
58 c 2 (58 + 58)
Total Tier 2 capital admissible for capital adequacy (58a + 58b)
59 (.. = 1+2)(45+58)
Total capital (TC= T1 + T2) (45+58c)
III
Risk Weighted Assets in respect of Amounts Subject to Pre-Basel III Treatment
884.17
884.17
2999.37
3358.97
12.35
18.15
9.67
2981.22
3349.30
2934.68
3349.30
0.00
2934.68
3349.30
8804.04
9377.13
85

60
(60+60+60)
Total risk weighted assets (60a + 60b + 60c)
60 a :
of which: total credit risk weighted assets
60 b :
of which: total market risk weighted assets
60 c : of which: total operational risk weighted assets
Capital ratios
61 1 ( )
Common Equity Tier 1 (as a percentage of risk weighted assets)
62 1 ( )
Tier 1 (as a percentage of risk weighted assets)
63 ( ) Total capital (as a percentage of risk
weighted assets)
64 ( ... 1 ,
)
Institution specific buffer requirement (minimum CET1 requirement plus capital conservation
and countercyclical buffer requirements, expressed as a percentage of risk weighted assets)
65 :
of which: capital conservation buffer requirement
66 :
of which: bank specific countercyclical buffer requirement
67 : -...
of which: G-SIB buffer requirement
68 1 (
)
Common Equity Tier 1 available to meet buffers (as a percentage of risk weighted assets)
( III )
National minima (if different from Basel III)
69 1 ( III )
National Common Equity Tier 1 minimum ratio (if different from Basel III minimum)
70 1 ( III )
National Tier 1 minimum ratio (if different from Basel III minimum)
71 ( III )
National total capital minimum ratio (if different from Basel III minimum)
( )
Amounts below the thresholds for deduction (before risk weighting)
72 -
Non-significant investments in the capital of other financial entities
73 Significant investments in the common stock
of financial entities
74 ( )
Mortgage servicing rights (net of related tax liability)
75 ( )
Deferred tax assets arising from temporary differences (net of related tax liability)
2 ()
Applicable caps on the inclusion of provisions in Tier 2
76 2
( )
Provisions eligible for inclusion in Tier 2 in respect of exposures subject to standardised
approach (prior to application of cap)
77 2 ( )
Cap on inclusion of provisions in Tier 2 under standardised approach
78947.71
78993.44
70682.28
70769.08
3855.57
3814.50
4409.86
4409.86
7.43%
7.43%
7.63 %
11.14%
11.87 %
7.43 %
5.00 %
6.50 %
9.00 %
9.00 %
N.A.
N.A
86
87

78
( )
Provisions eligible for inclusion in Tier 2 in respect of exposures subject to internal ratingsbased approach (prior to application of cap)
79 2
Cap for inclusion of provisions in Tier 2 under internal ratings-based approach
- 12: -
Table DF-12: Composition of Capital - Reconciliation Requirement
(` ` in Crores)

Balance sheet under
Balance sheet as in financial
regulatory scope of consolidation
statements

As on reporting date
A Capital & Liabilities
i.
Paid-up Capital
Reserves & Surplus
Minority Interest
Total Capital
ii.
Deposits
:
Of which: Deposits from banks
:
Of which: Customer deposits
:
Of which: Other deposits
iii. Borrowings
:
Of which: From RBI
: Of which: From banks
:
Of which: From other institutions & agencies
: Of which: Others
:
Of which: Capital instruments
iv

Other liabilities & provisions
Total
B Assets
i.

Cash and balances with Reserve Bank of India

Balance with banks and money at call and short notice
ii.
Investments:
:
Of which: Government securities
:
Of which: other approved securities
: Of which: Shares
537.82
5792.73
8804.04
110027.69
N.A.
N.A.
N.A.
N.A.
3291.89
N.A.
106735.80
N.A.
5160.93
N.A.
2105.00
N.A.
0.02
N.A.
3055.91
N.A.
2532.38
N.A.
124863.49
-
N.A.
-
6243.95
N.A.
128.72
N.A.
37087.79
N.A.
88

:
Of which: Debentures & Bonds
: / /
Of which: Subsidiaries / Joint Ventures / Associates
: ( , )
Of which: others (commercial papers, mutual funds etc.
iii. Loans and advances
:
Of which: Loan and advances to banks
:
Of which: Loan and advances to customers
iv. Fixed assets
v.
Other assets
: ()
Of which: Goodwill and intangible assets
:
Of which: Deferred tax assets
vi. Goodwill on consolidation
vii.
Debit balance in Profit & Loss account
Total Assets
Step - 2
78621.85
N.A.
216.57
N.A.
78405.29
N.A.
1132.67
808.81
N.A.
N.A.
521.06
N.A.
124863.49
N.A.
(` ` in Crores)

Balance sheet as in financial
Balance sheet under regulatory
statements
scope of consolidation

A
i.
ii.
iii.
Capital & Liabilities

Paid - up Capital
: ... 1
Of which: Amount eligible for CET 1
: .. 1
Of which: Amount eligible for AT1
Reserves & Surplus
Minority Interest
Total Capital
Deposits
:
Of which: Deposits from banks
:
Of which: Customer deposits
:
Of which: Other deposits
Borrowings
:
Of which: From RBI
: Of which: From banks
537.82
N.A.
537.82
N.A.
0.00
N.A.
5792.73
8804.04
110027.69
N.A.
N.A.
N.A.
3291.89
N.A.
106735.80
N.A.
5160.93
N.A.
2105.00
N.A.
iv.
:
Of which: From other institutions & agencies
: Of which: others
:
Of which: Capital instruments

Other liabilities & provisions
: ...
Of which: DTLs related to goodwill
:
Of which: DTLs related to intangible assets
0.02
N.A.
3055.91
N.A.
2532.38
N.A.
B
i.
ii.
iii.
iv.
v.
vi.
vii.
Assets

Cash and balances with Reserve Bank of India

Balance with banks and money at call and short notice
Investments:
:
Of which: Government securities
:
Of which: other approved securities
: Of which: Shares
:
Of which: Debentures & Bonds
: / /
Of which: Subsidiaries/ Joint Ventures/ Associates
: ( , )
Of which: others (commercial papers, mutual funds etc.
Loans and advances
:
Of which: Loan and advances to banks
:
Of which: Loan and advances to customers
Fixed assets
Other assets
:
Of which: Goodwill and intangible assets
:
Of which: Deferred tax assets
Goodwill on consolidation

Debit balance in Profit & Loss account
Total Assets
6243.95
N.A.
128.72
N.A.
37087.79
N.A.
78621.85
N.A.
216.57
N.A.
78405.28
N.A.
1132.67
808.81
N.A.
N.A.
22.00
N.A.
521.06
N.A.
124863.49
N.A.
89
90
2
3
4
6
7
8
III ( ) - -12 ( I/ II, )

Extract of Basel III common disclosure template (with added column)- Table DF -12 (Part II)
1 :
Common Equity Tier 1 capital: instruments and reserves
2
(` )
Component of regulatory capital /
reported by bank
Source based on reference
numbers/letters of the balance
(` in Crores)
sheet under the regulatory scope
of consolidation from step 2
( --
)
537.82
N.A.
Directly issued qualifying common share (and equivalent for non-joint
stock companies) capital plus related stock surplus
Retained earnings
( )
5792.73
N.A.
Accumulated other comprehensive income (and other reserves)
... 1 (
) Directly issued capital subject to phase out from CET 1
(only applicable to non-joint stock companies)

( ... 1 )
Common share capital issued by subsidiaries and held by third
parties(amount allowed in group CET 1)
1
6330.55
N.A.
Common Equity Tier 1 capital before regulatory adjustments

Prudential valuation adjustments
( )
Goodwill(net of related tax liability)

( ,
)
Amount recognised in regulatory
capital (Rs. in million, as of most
recent reporting date)

Par value of instrument

(.: ,

)
Unique Identifier
(e.g. CUSIP,ISIN or Bloomberg
identifier for private placement

Governing law (s) of the
instrument Regulatory treatment
III
Transitional Basel III rules
- III
Post-transitional Basel III rules
/ /
Eligible at solo/group/ group
& solo

Instrument type

Disclosure template for main
features of
regulatory capital instruments
1
Issuer
31 2014
3
Disclosures under Pillar 3 in terms
of Guidelines on composition of Capital
Disclosure Requirements of Reserve Bank of
India - as on 31st March 2014
537.82
537.82

Common Shares
SOLO
Tier I
--
INE077A01010

DENA BANK
Equity
Tier II
--
INE077A09062

DENA BANK
Series IX
Tier II
--
INE077A09070

DENA BANK
Series X
Tier II
--
INE077A09088

DENA BANK
Series XI
210.00
106.0
84.80
300.00
300.00
200.00
200.00
SOLO
SOLO
SOLO
SOLO
II
II
Tier II Debt II II Tier II Tier II Debt
Tier II Debt Instrument
Debt Instrument
Instrument
Instrument
Tier II
--
INE077A09039

DENA BANK
Series VIII
II
Lower Tier II Bonds
Table DF-13: Main Features of Regulatory Capital instruments
850.00
850.00
SOLO
II
Tier II Debt
Instrument
Tier II
--
INE077A09104

DENA BANK
Tier II
--
INE077A08064
DENA
BANK
780.00
780.00
SOLO
II
Tier II Debt
Instrument
Series XII series XIII
II
Tier II Bonds
300.00
300.00
SOLO
II
Tier II Debt
Instrument
Tier II
--
INE077A09047

DENA BANK
I Bond
Series I
II
Upper Tier II
125.00
125.00
SOLO

Perpetual Debt
Instrument
Tier I
--
INE077A09054

DENA BANK
I
Perpetual Series I
I
Tier I
125.00
125.00
SOLO

Perpetual
Debt Instrument
Tier I
--
INE077A09096

DENA BANK
10

II Perpetual
Series II
I
Tier I

91

Original date of issuance

Perpetual or dated

Original maturity date

Issuer call subject
to prior supervisory approval
,

Optional call date, contingent call
dates and redemption amount
,
/
Subsequent call dates, if
applicable Coupons / dividends
/
Fixed or floating dividend/coupon

Coupon rate and any
related index

Existence of a dividend stopper
,

Fully discretionary, partially
discretionary or mandatory

Existence of step up or other
incentive to redeem
-
Noncumulative or cumulative

Convertible or non-convertible
,
If convertible, conversion
trigger(s)
, :
: If convertible, fully or
partially
11
25
24
23
22
21
20
19
18
17
16
15
14
13
12
Accounting
classification
10
NO
7.30%
Fixed

- NA-

- NA-
NO
30.04.2014
30.04.2014
31.03.2005
Liability
- NA-
- NA-
NO
- Non
Cummulative
Non
Convertible

- NA-

- NA-
NO
- Non
Cummulative
Non
Convertible

Fully Discretionary Mandatory
NA
NA
Floating

- NA-

- NA-
NO

No maturity
Perpetual
05.12.1996

Shareholder's
Equity

- NA-

- NA-
NO
- Non
Cummulative
Non
Convertible
Mandatory
NO
9.25%
Fixed

- NA-

- NA-
NO
24.05.2018
24.05.2018
25.03.2008
Liability
11.20%

- NA-

- NA-
NO
- Non
Cummulative
Non
Convertible
Mandatory
NO
Fixed

- NA-

- NA-
NO
30.04.2019
30.04.2019
30.09.2008
Liability
NO
9.23%
Fixed

- NA-
* 25.06.2022
YES
25.06.2027
25.06.2027
25.06.2012
Liability

- NA-

- NA-
NO
- Non
Cummulative
Non
Convertible

- NA-

- NA-
NO
- Non
Cummulative
Non
Convertible
Mandatory Mandatory
NO
9.50%
Fixed

- NA-

- NA-
NO
29.01.2019
29.01.2019
29.01.2009
Liability

- NA-
- Non
Cummulative
Non
Convertible
- NA-
NO
Mandatory
YES
9.86%
Fixed

- NA-

-NA-
NO
26.02.2014
26.02.2024
26.02.2014
Liability

- NA-

- NA-
YES
- Non
Cummulative
Non
Convertible
Mandatory
NO
9.20%
Fixed

- NA-
* * 30.09.2016
YES
30.09.2021
30.09.2021
30.09.2006
Liability
Fixed

- NA-
* * 28.05.2019
YES
Perpetual
Perpetual
28.05.2009
Liability

- NA-

- NA-
YES
- Non
Cummulative
Non
Convertible
Mandatory
NO

- NA-

- NA-
YES
- Non
Cummulative
Non
Convertible
Mandatory
NO
10.05% 9.00%
Fixed
***
* * *13.12.2017
YES
Perpetual
Perpetual
13.12.2007
Liability

92
**
***

- NA -

- NA -

- NA -

- NA -

- NA -

- NA -

- NA -

- NA -

- NA-

- NA-

- NA-

- NA -

- NA -

- NA -

- NA -

- NA -

- NA -

- NA -

- NA -

- NA-

- NA-

- NA-

- NA-

- NA -

- NA -

- NA -

- NA -

- NA -

- NA -

- NA -

- NA -

- NA-

- NA-

- NA-

- NA-

- NA -

- NA -

- NA -

- NA -

- NA -

- NA -

- NA -

- NA -

- NA-

- NA-

- NA-

- NA-

- NA -

- NA -

- NA -

- NA -

- NA -

- NA -

- NA -

- NA -

- NA-

- NA-

- NA-

- NA-

- NA -

- NA -

- NA -

-NA-
Permanent

As
per RBI guidelines
FULL
YES
- NA-
- NA-
- NA-
- NA-

- NA -

- NA -
2, 3, 4, 5, 6

- NA -

- NA -

- NA -

- NA -

- NA -

- NA-

- NA-

- NA-

- NA-

- NA -

- NA -

- NA -

- NA -

- NA -

- NA -

- NA -

- NA-

- NA-

- NA-

- NA-

- NA -

- NA -

- NA -

- NA -

- NA -

- NA -

- NA -

- NA-

- NA-

- NA-

- NA-
10 with RBI approval after the instrument is run for 10 years

10 , , 50 at the end of 10th year from deemed date of allotment with the prior permission from RBI,
if not exercised by the Bank, coupon shall be stepped up by 50 basis points thereafter till redemption
, 10 , , 50 at the end of 10th year from deemed date of allotment and
every interest payment date thereafterwith the prior permission from RBI, if not exercised by the Bank, coupon shall be stepped up by 50 basis points thereafter till redemption

- NA -

- NA -
8, 9

- NA -

- NA -

- NA -

- NA -

- NA -

- NA-
- NA-
- NA-

- NA-
37
36
35
34
33
32
31
30
29
28
27
- NA-
, If
convertible, conversion rate
,
If convertible,
mandatory or optional conversion
,

If convertible, specify instrument
type convertible into
,

If convertible, specify issuer of
instrument it converts into
Write-down
feature
,
If write-down, write-down
trigger(s)
, :
: If write-down, full or partial
,
If write-down, permanent
or temporary
,
If temporary
write-down, description of write-up
mechanism

(
) Position
in subordination hierarchy in
liquidation (specify instrument
type immediately senior to
instrument)
Noncompliant transitioned features
,
If yes, specify noncompliant features
26

93
94

-14:
Table DF-14: Full Terms & Conditions of Regulatory Capital Instrument
Series IX
Features of the Issue
Issuer
Dena Bank
Issue Size
` 100 100 crores + Green Shoe

- II IX
Nature of Instrument
Unsecured Non-Convertible Redeemable Subordinated Bonds Lower Tier II Series IX in the
nature of Promissory Notes
Mode of Placement
Private Placement
Tenor
122 months
Put Option
None
Call Option
None
Coupon Rate
9.25% ( ) 122
The bond will bear the interest rate of 9.25% per annum (payable Annually) till the end of 122
months from the deemed date of allotment.

` 10 ` 10 lakhs per Bond
Face Value of the Bond
Coupon Payable
31 Annually on 31st March every year.

14 , 2008 14th March, 2008
Date of Opening

19 , 2008 19th March, 2008
Date of Closing
Deemed date of allotment
25 , 2008 25th March, 2008
Redemption
122
122 months after deemed date of allotment
` 100 ` 6.00 ` 106 .
The issue of ` 100 crores was oversubscribed by ` 6.00 crores aggregating to ` 106 crores.
Series X
Summary Term Sheet
Issuer
Dena Bank
Instrument
- ( II ) Unsecured
Redeemable Non-Convertible Subordinated Bonds (Normal Tier II) in the nature of Promissory
Notes
Issue Size
` 300
` 300 crores including green shoe option

1 1
Minimum Application
1 Bond and in multiples of 1 Bond thereafter
Tenure
2 10 7 10 year 7 months Normal Tier 2
Credit Rating
'-' 'AA-' by Crisil*
(% )* Coupon Rate (% p.a) *
11.20% p.a.
Interest Payment
31 Annually on 31st March
/
10 7
Redemption / Maturity
At par at the end of 10th year 7 months from the Deemed Date of Allotment
/ Put & Call
/ No Put and call option
Face Value
` 10,00,000/- `10,00,000/- per Bond
95

Issue Price
Instrument Form
Trading
Depository
Security

Settlement by Way of
Issue opens on
Issue closes on
Pay In Date
Deemed Date of Allotment
Listing
Trustee
*
Interest on Application Money *
* Current Rating CRISIL AA+/ Stable
Series XI
Summary Term Sheet
Issuer
Instrument
Issue Size

Minimum Application
Tenure
Credit Rating
(% . .)*
Coupon Rate (% p.a) *
Interest Payment
/
/ Put & Call
Face Value
Issue Price
( ` 10,00,000/-
At par (i.e. ` 10,00,000/- per Bond )
In Dematerialised Form only
Demat Mode only
.... ....
.... .... . The Bank will enter into a tripartite
agreement with NSDL and CDSL for dematerialization of bonds and will be opening the
accounts with NSDL and CDSL
Un-secured
(/ )/ ..../
Cheque (Normal / High Value) / RTGS / Funds Transfer
29, 2008 September 29th, 2008
30, 2008 September 30th, 2008
On the date of application
30, 2008 September 30th, 2008
(...) (...)
.
Proposed on the Wholesale Debt Market (WDM) Segment of the National Stock Exchange of
India Limited (NSE)
... . ()
. IDBI Trusteeship Services Limited has been appointed
by the Bank to act as Trustees for and on behalf of the holder(s) of the Bonds.
()/ ()
( 11.20% ) At the coupon rate (i.e.@ 11.20%p.a.) from the
date of realization of cheque(s)/demand draft(s) upto one day prior to the Deemed Date of
Allotment.
Dena Bank
- ( II ) Unsecured
Redeemable Non-Convertible Subordinated Bonds (Lower Tier II) in the nature of Promissory
Notes
` 200 ` 200 crores
1 1
120 2 120 months Lower Tier 2
'-' '-'*
'AA-' Stable by CRISIL 'AA-' by CARE*
9.50% . . p.a.

Annually from Deemed Date of Allotment
120 At par at the end of 120 months from the
/
No Put and call option
` 10,00,000/- `.10,00,000/- per Bond
( ` 10,00,000/-
At par (i.e. `.10,00,000/- per Bond )
96

Instrument Form
Trading
Depository
In Dematerialised Form only

Demat Mode only
.... ....
.... .... .
The Bank will enter into a tripartite agreement with NSDL and CDSL for dematerialization of
bonds and will be opening the accounts with NSDL and CDSL
Security
Un-secured

(/ )/ ..../
Settlement by Way of
Cheque (Normal / High Value) / RTGS / Funds Transfer
Issue opens on
27, 2009 January 27, 2009
Issue closes on
27, 2009 January 27, 2009
Pay In Date
On the date of application
29, 2009 January 29, 2009
Listing
(...) (...)
.
India Limited (NSE)
Trustee
... . ( )
. IDBI Trusteeship Services Limited has been appointed

by the Bank to act as Trustees for and on behalf of the holder(s) of the Bonds.
*
()/ ()
Interest on Application Money *
( 9.50% . . ) At the coupon rate (i.e.@ 9.50%p.a.) from the date of
realization of cheque(s)/demand draft(s) upto one day prior to the Deemed Date of Allotment.
* Current Rating CRISIL AA+/ Stable, CARE AA+
Series XII
Summary Term Sheet
Issuer
Dena Bank
Issue Size
` 350 ` 500 . `. 500 crore with a
green shoe option to retain additional subscription of `.350 crore.
Issue Objects
II
. Augmenting Tier II Capital for strengthening the Capital Adequacy and enhancing long
term resources of the Bank.
Instrument
("") - II ( XII).
Unsecured Redeemable Non-Convertible Subordinated Lower Tier II Bonds (Series - XII) in the
nature of Promissory Notes ("Bonds")
Nomenclature
II XII
Dena Bank Lower Tier II Bonds Series XII
/
In Dematerialised Form
Issuance / Trading
Credit Rating
" +/" " +"
"CRISIL AA+ / Stable" by CRISIL and "CARE AA+" by CARE
Security
Unsecured
Face Value
` 10,00,000/- ` 10,00,000/- per Bond
Issue Price
( ` 10,00,000/- )
At par (i.e. ` 10,00,000/- per Bond )

( ` 10,00,000/- )
Redemption Price
At par (i.e. ` 10,00,000/- per Bond )

5 1
Minimum Subscription
5 Bonds and in multiples of 1 Bond thereafter
97

Tenure
Put Option
Call Option
/
/
Coupon / Interest Rate
Interest Payment

Interest Payment Date
Listing
Trustee
Depository
Record Date
Registrars

Bankers to the Issue
Interest on Application Money
Settlement

Mode of Subscription

Issue Opening Date ^

Issue Closing Date^
Pay In Date ^
Deemed Date of Allotment ^
15 Years (180 months)

None
10
( )
.
Call option may be exercised by the Bank after the instrument has run for at least 10 years and
such call option may be exercised by the Bank only with the prior approval of RBI (Department
of Banking Operations & Development)
(... ) 15 (180 ) .
.. .
At par at the end of 15 Years (180 months) from the Deemed Date of Allotment (with prior
approval from RBI). The Bonds shall be free of restrictive clauses and not redeemable at the
initiative of the holder or without the consent of the RBI
9.23% .. p.a.
Annual
1 On April 01, every year.
(...) (...)
.
India Limited (NSE)
. AllBank Finance Ltd.
. () . National Securities
Depository Ltd. and Central Depository Services (India) Ltd.
, 15 (
/ / )
15 days (or any such period as may be SEBI / Stock Exchange / any other concerned
regulatory authority) prior to each interest payment date, call option due date and redemption
date
() . . Sharepro Services (India) Pvt. Ltd.
, ,
Dena Bank, Capital Market Branch, Mumbai
....
( 9.23% ..)
At the coupon rate (i.e.@ 9.23%p.a.) from the date of realization of application money through
RTGS upto one day prior to the Deemed Date of Allotment.
()/ ()/ ()/
(..../ ....)
Payment of interest and repayment of principal shall be made by cheque(s)/redemption
warrants(s) / demand draft(s) / credit through electronic mode (NEFT /RTGS)
" " "111511023771", : " ", ....
"BKDNO401115" .... .
Electronic transfer of funds through RTGS mechanism for credit in the Account of "Dena Bank ",
Account No. "111511023771", Branch: " Capital Market Branch", IFSC Code:"BKDNO401115"
18 , 2012 18th June , 2012
22 , 2012 22nd June , 2012
18 , 2012 22 , 2012 18th June , 2012 to 22nd June , 2012
25 , 2012 25th June , 2012
98

^ / / () /
(/ )
. , .
() .
The Bank reserves its sole and absolute right to modify (pre-pone / postpone) the issue opening / closing / pay-in date(s) without giving any reasons or
prior notice. In such a case, investors shall be intimated about the revised time schedule by the Bank. The Bank also reserves the right to keep multiple
Deemed Date(s) of Allotment at its sole and absolute discretion without any notice.
XIII II Series XIII Tier II Bonds
TERM SHEET:
ISSUE DETAILS
("" / "")
Issuer
DENA BANK (the "Bank"/ the "Issuer")

Unsecured
Type of Instrument
("") - II ( - XIII).
Instrument
Non-Convertible Redeemable Unsecured Basel III compliant Tier 2 Bonds (Series XIII) in the
nature of Debentures ("Bonds")
Convertibility
- Non-Convertible
Bond Series
XIII
II XIII
Security Name
Dena Bank Tier II Bonds Issue Series XIII
(i) 1 , (ii)
(iii)

, Claims of the Bondholders shall be (i) senior
Nature and status of Bonds
to the claims of investors in instruments eligible for inclusion in Tier 1 capital (ii) subordinate to
the claims of all depositors and general creditors of the Bank and (iii) the Bonds shall neither be
secured nor covered by a guarantee of the Issuer or its related entity or other arrangement that
legally or economically enhances the seniority of the claim vis--vis creditors of the Bank
2

Augmenting Tier 2 Capital and overall capital of the Bank for strengthening its
Objects of the Issue
capital adequacy and for enhancing its long-term resources

The proceeds of the
Details of the utilization of the
issue would be utilized to meet the object of the issue.
Proceeds
Mode of Issue
Private Placement
( ("...") (...)
() ) .
Listing ( including name of stock Exchange(s) where Proposed on the Wholesale Debt Market (WDM) Segment of the National Stock Exchange of
it will be listed and timeline for listing)
India Ltd. ("NSE")
Issue Size
780 Crores
Option to retain
Not Applicable
oversubscription
" +" ( )
Credit Rating
"CARE AA+" (Pronounced Double A Plus) by CARE
Coupon Rate
9.86%

Coupon Payment Frequency

Annual
Coupon Type
Fixed
99

Coupon payment dates
(, , ,
) Coupon Reset Process
(including rates, spread, effective date, interest rate
cap and floor etc).

Day Count Basis
/
Step Up/Step Down Coupon Rate
Default Interest Rate
Loss Absorbency
/ 26 .
.
The coupon/ interest payment date shall be the date of allotment i.e 26th February of every
financial year. The last interest payment shall be made on the Redemption Date.
Not Applicable
/ ( 29 2013 . CIR/IMD/DF/18/2013) Actual/
Actual (as per SEBI Circular no CIR/IMD/DF/18/2013 dated 29th Oct 2013)
Not Applicable
( 1961, ),

. ()/ ()
..../
.
/ .
.
,
.
.
(...) .
Interest at the respective coupon rate (subject to deduction of Income Tax under the Provisions
of the Income Tax Act 1961, or any Statutory modification or reenactment as applicable) will be
paid to all the applicants on the Application Money for the Bonds. Such interest shall be paid
from the date of realization of cheque (s)/Demand Draft (s) and in case of RTGS/other means of
electronic transfer interest shall be paid from the date of receipt of funds to one day prior to the
Deemed Date of Allotment.
The interest on Application Money will be computed as per Actual/Actual Day count convention.
Such interest would be paid on all the valid applications including the refunds. Where the entire
subscription amount has been refunded, the interest on Application Money will be paid along with
the refund orders. Where an applicant is allotted lesser number of bonds than applied for, the
excess amount paid on application will be refunded to the applicant along with the interest on
refunded money. Income Tax at Source (TDS) will be deducted at the applicable rate on interest
on Application Money.
Not Applicable
II ( 5) (....) I
III ...
. .... . ....2/ 21.06.201/ 2013-14 1 2013 . ( 16)

The Bonds shall be subjected to loss absorbency features applicable for non-equity capital
instruments vide RBI Master Circular No. DBOD.No.BP.BC.2 /21.06.201/2013-14 dated July 01,
2013 on Basel III capital regulations covering criteria for inclusion of debt capital instruments as
Tier 2 capital (Annex 5) and minimum requirements to ensure loss absorbency of additional Tier
1 instruments at pre-specified trigger and of all non-equity regulatory capital instruments at the
Point of Non-viability ("PONV ") (Annex 16).
, ...
. . ... ,
... ... .
Accordingly, the Bonds may at the option of the RBI either be permanently written off or temporarily
written off on the occurrence of the trigger event called the Point of Non Viability. PONV trigger
event shall be as defined in the aforesaid RBI Circular and shall be determined by the RBI.
Annual Report 2013-14 100

( )
/ Treatment in .
The Bondholders shall have no rights to accelerate the repayment of future scheduled payments
Bankruptcy/ Liquidation
(coupon or principal) except in bankruptcy and liquidation
, , (". ... ")
.. ...
:
The Bonds, at the option of the Reserve Bank of India, can be temporarily written down or
permanently written off upon occurrence of the trigger event, called the "Point of Non-Viability
Trigger ("PONV Trigger"). The PONV Trigger event is the earlier of:
. ... /
- ;
a. A decision that a temporary/ permanent write off is necessary without which the Bank would
become non viable, as determined by the RBI; and
.
, - .

. - :
b. The decision to make a public sector injection of capital, or equivalent support, without which
the Bank would have become non viable, as determined by the relevant authority. The write-off
consequent upon the trigger event shall occur prior to any public sector injection of capital so that
the capital provided by the public sector is not diluted. For this purpose, a non-viable bank will be:
, ,

.
1
.
.. .. PONV Trigger
/ .
A bank which, owing to its financial and other difficulties, may no longer remain a going concern
on its own in the opinion of the Reserve Bank of India unless appropriate measures are taken to
revive its operations and thus, enable it to continue as a going concern. The difficulties faced by
a bank should be such that these are likely to result in financial losses and raising the Common
Equity Tier 1 capital of the bank should be considered as the most appropriate way to prevent
the bank from turning non-viable. Such measures would include temporary and/or permanent
write-off in combination with or without other measures as considered appropriate by the Reserve
Bank of India.
....
;
. /
/ :
A bank facing financial difficulties and approaching a PONV shall be deemed to achieve viability if
within a reasonable time in the opinion of RBI; it will be able to come out of the present difficulties
if appropriate measures are taken to revive it. The measures including temporary/ permanent
write-off/ public sector injection of funds are likely to:
. / : ;
a. Restore confidence of the depositors/ investors;
. / - -
;
b. Improve rating/ creditworthiness of the bank and thereby improving its borrowing capacity and
liquidity and reduce cost of funds; and
. .
c. Augment the resource base to fund balance sheet growth in the case of fresh injection of funds.
10
Tenor
10 Years from the Deemed Date of Allotment
/ () Redemption / Maturity
26/02/2024
Date(s)

Redemption Amount
10,00,000 (` )
At par ` 10,00,000/- (Rupees Ten Lakhs) per Bond.
/
Redemption Premium /Discount
Not Applicable
Face Value
` 10,00,000 (` )
` 10,00,000/- (Rupees Ten Lakhs) per Bond.
/
Premium/ Discount on issue
Not Applicable
Issue Price
` 10,00,000 (` ) .
At par ` 10,00,000/- (Rupees Ten Lakhs) per Bond.

Minimum Application and in multiples of Debt
securities thereafter

Issuance mode of the Instrument
Trading mode of the
Instrument

Discount at which security is issued and
the effective yield as a result of such discount.

Put option Date

Put option Price

Call Option Date

Call Option Price

Put Notification Time

Call Notification Time
Lock-in-Period
( )
Basis of Allotment (if any)

Business Day Convention
1 1
Demat only
Demat only
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Not Applicable
, ,
/ : .
The issuer reserves the right to reject any/all applications fully or partially at its sole discretion,
without assigning any reason whatsoever.
.
1. (
),
, .
2. (
),
.
/ .
Business Day' shall be a day on which commercial banks are open for business in the city of
Mumbai.
1. If any interest payment date falls on a day which is not a Business Day ('Business Day'
being a day on which Commercial Banks are open for business in the city of Mumbai), then
the payment of interest will be made on the next day i.e. a Business Day with interest for the
intervening period.
2. In case if the principal redemption date falls on a day which is not a Business Day ('Business
Day' being a day on which Commercial Banks are open for Business in Mumbai), then the
payment due shall be made on previous working day.
Payment of interest and/or principal amount shall be without liability for making payment of
interest for the delayed period.

/ ,

/ , 15 .
, .
Record Date
Reference date for payment of interest/ repayment of principal which shall be the date falling 15
days prior to the relevant Interest Payment Date on which interest or the Redemption/ Maturity
Date on which the Maturity Amount is due and payable. In the event the Record Date falls on a
day which is not a business day, the next business day will be considered as the Record Date.
, /.... /..../ ....
Settlement mode of the .
Payment of interest and repayment of principal shall be made by way of credit through direct
Instrument
credit/ NECS/ RTGS/ NEFT mechanism.
Depository
Depository Limited (NSDL)and Central Depository Services (India) Limited (CDSL)
( )
- .
Security (where applicable)
The Bonds are unsecured in nature.

:
1.
2./ ;
3. ;
4., ....
;
5. , ....
;
6. ;
7. ;
-
8.... .
Transaction Documents
The Issuer has executed/shall execute the documents including but not limited to the following in
connection with the issue:
1. Letter appointing Trustees to the Bond Holders.
2. Bond/Debenture Trusteeship agreement;
3. Rating agreement with CARE Limited;
4.Tripartite agreement between the Issuer, Registrar and NSDL for issue of Bonds in
dematerialized form;
5.Tripartite agreement between the Issuer, Registrar and CDSL for issue of Bonds in
dematerialized form;
6. Letter appointing Registrar and agreement entered into between the Issuer and the Registrar.
7. Letter appointing Arranger(s) to the issue.
8. Listing Agreement with NSE.
:
1. ;
2.
;
3. ...

.
Conditions precedent to subscription of Bonds
The subscription from investors shall be accepted for allocation and allotment by the Issuer
subject to the following:
1. Rating letter(s) from the aforesaid rating agencies not being more than one month old from
the issue opening date;
2. Letter from the Trustees conveying their consent to act as Trustees for the Bondholder(s);
3. Letter to NSE for seeking its In-principle approval for listing and trading of Bonds.

/ :
1. 2
;
2. ; , 1956 (1956 1) 73 1
15 ...
20 .
3. (
) , ,
. .
4. ,
.
The Issuer shall ensure that the following documents are executed/ activities are completed as
per time frame mentioned elsewhere in this Disclosure Document:
Conditions subsequent to subscription of Bonds
1. Credit of demat account(s) of the allottee(s) by number of Bonds allotted within 2 working days
from the Deemed Date of Allotment;
2. Making listing application to NSE within 15 days from the Deemed Date of Allotment of Bonds
and seeking listing permission within 20 days from the Deemed Date of Allotment of Bonds in
pursuance of SEBI Debt Regulations; In terms of sub-section (1) of Section 73 of the Companies
Act, 1956 (1 of 1956).
3. Neither the Bank nor any related party over which the Bank exercises control or significant
influence (as defined under relevant Accounting Standards) shall purchase the Bonds, nor would
the Bank directly or indirectly fund the purchase of the Bonds. The Bank shall also not grant
advances against the security of the Bonds issued by it.
4. Besides, the Issuer shall perform all activities, whether mandatory or otherwise, as mentioned
elsewhere in this Disclosure Document.
: 15
.
20
, 30
/ 1.00%
.
: 20

, 20
1.00% , .
8 ( 20 ,
) ,
, 8 15%
, 1956

76 .
Delay in Listing:
Listing The Issuer shall complete all formalities and seek listing permission within 15
Additional Covenants
days from the Deemed Date of Allotment. In the event of delay in listing of Bonds beyond 20 days
from the Deemed Date of Allotment, the Issuer shall pay penal interest of 1.00% per annum over
the Coupon Rate from the expiry of 30 days from the Deemed Date of Allotment till the listing of
Bonds to the Bondholder(s).
Refusal of Listing: If listing permission is refused before the expiry of the 20 days from the
Deemed Date of Allotment, the Issuer shall forthwith repay all monies received from the applicants
in pursuance of the Disclosure Document along with penal interest of 1.00% per annum over the
Coupon Rate from the expiry of 20 days from the Deemed Date of Allotment. If such monies are
not repaid within 8 days after the Issuer becomes liable to repay it (i.e. from the date of refusal
or 20 days from the Deemed Date of Allotment, whichever is earlier), then the Issuer and every
director of the Issuer who is an officer in default shall, on and from the expiry of 8 days, will be
jointly and severally liable to repay the money, with interest at the rate of 15 per cent per annum
on application money, as prescribed under Section 73 of the Companies Act, 1956.

Cross Default
Not Applicable

,
, 1882 20 .

,
( ) 1993, ,
- .

. .
, / .../ /
1/2009/11/05 11 , 2009 ,
-/ ( )
- , -
-
, , . 180
,

" " (...) 2 .

The Trustees shall perform its duties and obligations and exercise its rights and discretions, in

keeping with the trust reposed in the Trustees by the holder(s) of the Bonds and shall further
Role and Responsibilities of
conduct itself, and comply with the provisions of all applicable laws, provided that, the provisions
Debenture Trustee
of Section 20 of the Indian Trusts Act, 1882, shall not be applicable to the Trustees. The Trustees
shall carry out its duties and perform its functions as required to discharge its obligations under
the terms of SEBI Debt Regulations, the Securities and Exchange Board of India (Debenture
Trustees) Regulations, 1993, the Debenture Trusteeship Agreement, Disclosure Document and
all other related transaction documents, with due care, diligence and loyalty.
The Trustees shall be vested with the requisite powers for protecting the interest of holder(s)
of the Bonds including but not limited to the right to appoint a nominee director on the Board
of the Issuer in consultation with institutional holders of such Bonds. The Trustees shall ensure
disclosure of all material events on an ongoing basis.
The Issuer shall, till the redemption of Bonds, submit its latest audited/ limited review half yearly
consolidated (wherever available) and standalone financial information such as Statement of
Profit & Loss, Balance Sheet and Cash Flow Statement and auditor qualifications, if any, to
the Trustees within the timelines as mentioned in Simplified Listing Agreement issued by SEBI
vide circular No. SEBI/IMD/BOND/1/2009/11/05 dated May 11, 2009 as amended. Besides, the
Issuer shall within 180 days from the end of the financial year, submit a copy of the latest annual
report to the Trustees and the Trustees shall be obliged to share the details so submitted with all
'Qualified Institutional Buyers' (QIBs) within two working days of their specific request.
.
, .

The Bonds are governed by and shall be construed in accordance with the existing laws of
Governing Law and Jurisdiction
India. Any dispute arising thereof shall be subject to the jurisdiction of District Courts of Mumbai,
Maharashtra.
III
. ..
.. . ....2/21.06.201/2013-14 1 2013 2
( 5) 1
.... -
( 16) .
.. . Applicable RBI Guidelines The present issue of Bonds is being made in pursuance of Master Circular No. DBOD.No.BP.
BC.2 /21.06.201/2013-14 dated July 01, 2013 issued by the Reserve Bank of India on Basel
III capital regulations covering criteria for inclusion of debt capital instruments as Tier 2 capital
(Annex 5) and minimum requirements to ensure loss absorbency of additional Tier 1 instruments
at pre-specified trigger and of all non-equity regulatory capital instruments at the PONV (Annex
16).

(
), ,
. . Neither the
/ Prohibition on
Bank nor a related party over which the Bank exercises control or significant influence (as defined
Purchase/ Funding of Bonds
under relevant Accounting Standards) shall purchase the Bonds, nor shall the Bank directly or
indirectly fund the purchase of the Bonds. The Bank shall also not grant advances against the
security of the Bonds issued by it.
Trustees
. . M/s. All Bank Finance Limited.
. () . .
Registrar
M/s. Sharepro Services (India) Pvt. Ltd.
, 2013 2 (72) ,
, , , ( / ...
), , , , , /
, , , , /
/ , / ,
.
Mutual Funds, Public Financial Institutions as defined in section 2 (72) of the Companies Act, 2013,
Eligible Investors
Scheduled Commercial Banks, Insurance Companies, Foreign Institutional Investors (subject
to compliance with the SEBI/ RBI norms), Provident Funds, Gratuity Funds, Superannuation
Funds and Pension Funds, Cooperative Banks, Regional Rural Banks authorized to invest in
bonds/ debentures, Companies and Bodies Corporate authorized to invest in bonds/ debentures,
Societies authorized to invest in bonds/ debentures, Trusts authorized to invest in bonds/
debentures, Statutory Corporations/ Undertakings established by Central/ State legislature
authorized to invest in bonds/ debentures, Resident Individual Investors. etc.
, , , ,
, ,
, , /

.
Non- Eligible classes of investors
Qualified Foreign Investors, Foreign Nationals, Persons resident outside India, Venture Capital
Funds, Alternative Investment Funds, Overseas Corporate Bodies, Partnership firms formed
under applicable laws in India in the name of the partners, Hindu Undivided Families through
Karta, Person ineligible to contract under applicable statutory/ regulatory requirements etc.
....
:
The remittance of application money can be made through
Electronic transfer of funds through RTGS mechanism for credit as per details given hereunder:
Collection Banker: DENA BANK
Beneficiary A/c Name: II XIII Dena Bank Tier
II Bonds Issue Series XIII
Payment Mode
Beneficiary A/c Number: 111511023905
.... IFSC Code: BKDN0401115
: , , 17 , , - 400
023
Bank Branch Name & Address: CAPITAL MARKET BRANCH, DENA BANK BLDG.17,
HORNIMAN CIRCLE, FORT, MUMBAI-400 023
Narration: Application Money

I Bond Series I
Terms of Present Placement

- ( II) I
Unsecured, Non-Convertible, Redeemable, Subordinted (Upper Tier II) Bonds- Series I in the
nature of Promissory notes
Issue Size
` 150 ` 300
` 300 crore including green shoe option of ` 150 crore.

` 10,00,000/Face Value per bond

` 10,00,000/Issue Price per bond

5 (` 50,00,000/-) 1 (` 10,00,000/-) 5 Bonds (` 50,00,000/-)
Minimum Application
and in multiples of 1 Bond (` 10,00,000/-) thereafter
Tenor
15 15 Years from the Deemed Date of Allotment
Maturity
15
At par at the end of 15 years from the Deemed Date of Allotment
Put Option
Nil
Call Option
10 .. ,
, 50
.
At the end of 10th year from deemed date of allotment with the prior permission from RBI, if not
exercised by the bank, coupon shall be stepped up by 50 basis points thereafter till redemption.
Redemption

At par on maturity with the consent of the Reserve Bank of India
Coupon Rate
9.20% .. p.a.
Coupon Payable
Annually

Dematerialised form only
Instrument Form
Interest on Application Money At the coupon rate
1 October 1st every year.
Market Lot
` 10,00,000 1 ()
1 (One) Bond of ` 10,00,000/- each

28, 2006 September 28, 2006
Issue opens on

28, 2006 September 28, 2006
Issue closes on
Deemed Date of Allotment 30, 2006 September 30, 2006
*
Credit Rating
` 300 , / (
) .
.

` 300 , . . ' ()' .
.
'CRISIL has assigned a A/Stable (pronounced as A with stable outlook) rating to the captioned
Debt issue programme of the Bank aggregating to ` 300 crores. Instruments carrying this rating
are judged to be of adequate degree of safety with regard to timely payment of interest and
principal on the instrument. Fitch Ratings India Private Limited has assigned a 'A(Ind)' rating to
the the captioned Debt issue programme of the Bank aggregating to ` 300 crores. The outlook
on the rating is stable.*
Listing
(...)
(...) .
The Bank proposes to list the Bonds on the Wholesale Debt Market (WDM) Segment of the
National Stock Exchange of India Limited (NSE)
* Current Rating CRISIL AA/ Stable, IND A-

I Perpetual Series I
Term of the Placement

Issue Size

Face Value per bond

Issue Price per bond

Minimum Application
Tenor

Call Option

Coupon Rate
Coupon Payable

Instrument Form
Depository

Issue opens on

Issue closes on

Deemed Date of Allotment *
Credit Rating
Listing
* Current Rating CARE AA
, -, , I
Unsecured, Non-Convertible, Subordinated, Hybrid Tier I Perpetual Bonds
` 125
` 125 crore with green shoe option.
` 10,00,000/`
10,00,000/-
5 (` 50,00,000/-) 1 (` 10,00,000/-)
5 Bonds (` 50,00,000/-) and in multiples of 1 Bond (` 10,00,000/-) thereafter
Perpetual
10
At the end of 10th year
* 10 10.05% .. 0.05% .. .
10.05% till end of 10th year with step up option of 0.5% p.a. thereafter.
Annually

Dematerialised form only
At the coupon rate
1 1st January every year
.... / ....
NSDL / CDSL
20/12/2007
28/12/2007
31/12/2007
'+'*
.
. ,
.
'A+'*
This rating indicates upper medium grade instruments and have many favourable investment
attributes. Safety for principal and interest are considered adequate. Assumptions that do not
materialize may have a greater impact as compared to the instruments rated higher.
(...) (...)
.
The Bank proposes to list the Bonds on the Wholesale Debt Market (WDM) segment of the
National Stock Exchange of India Limited (NSE)

II Perpetual Series II
Summary Term Sheet
Issuer
Issue Size
Issue Objects
Instrument
Nomenclature
/
Issuance / Trading
Credit Rating
Security
Face Value
Issue Price

Redemption Price

Minimum Subscription
Tenure
Put Option
Call Option
/

Redemption Date

Call Option Due Date
/
Coupon / Interest Rate
Interest Payment

Dena Bank
` 125
` 125 crores including Green Shoe Option
I
. Augmenting Tier-I Capital for strengthening the Capital Adequacy and enhancing long term
resources of the Bank
() - ( )
( II) Unsecured Non-Convertible Perpetual Bonds (Innovative Perpetual Debt Instruments)
(Series-II) in the nature of Promissory Notes ("Bonds")
II
Dena Bank Perpetual Bonds Series II
In Dematerialised Form
"" " "*
CARE "A" by CARE and "A stable" by CRISIL*
Unsecured
` 10,00,000/- ` 10,00,000/- per Bond
(` 10,00,000/- )
At par (` 10,00,000/- per Bond )
- Perpetual - Not Applicable
1 1
Perpetual
None
# 10
(... )
# At par at the end of 10th year from Deemed Date of Allotment and every year thereafter on each
anniversary date (subject to prior approval from RBI)
Perpetual
- Perpetual - Not Applicable
28, 2019 (... ) May 28,2019
and every year thereafter on each anniversary date (subject to prior approval from RBI)
* 10 9.00% .. 10
9.50% .. .
: 10

. 50 .
* 9.00% p.a. for the first 10 years and step up coupon rate of 9.50% p.a. for subsequent years
if Call Option is not exercised by the Bank at the end of 10th year from the Deemed Date of
Allotment
Note: The step-up option shall be available only once during the whole life of bonds, in conjunction
with the call option, after the lapse of 10 years from the deemed date of allotment. The step-up
shall be 50 basis points.
(... ) Annual (subject to RBI norms)
01 (... )
On April 01, every year (subject to RBI norms)

Lock-in-clause
Listing
Trustee
Depository
Registrars

Bankers to the Issue
Settlement

Mode of Subscription
,
(i) ... ....
(ii) (....)
.. . ,
, ....
...
.
The Bonds shall be subjected to a lock-in clause in terms of which, Bank shall not be liable to
pay interest, if (i) the Bank's CRAR is below the minimum regulatory requirement prescribed by
RBI or (ii) the impact of such payment results in Bank's capital to risk assets ratio (CRAR) falling
below or remaining below the minimum regulatory requirement prescribed by RBI. However, the
Bank may pay interest with prior approval of RBI when the impact of such payment may result in
net loss or increase the net loss, provided the CRAR remains above the regulatory norm. Further
the interest unpaid shall not be cumulative
(...) (...)
.
India Limited (NSE)
.... . IDBI Trusteeship Services Ltd.
Depository Ltd. and Central Depository Services (India) Ltd.
() . . Sharepro Services (India) Pvt. Ltd.
, ,
Dena Bank, Capital Market Branch, Mumbai
()/ ( ) / ....
, 10 ( 9.00% ..) .
.
At the coupon rate applicable for the first 10 years (i.e.@ 9.00%p.a.) from the date of realization
of cheque(s) / demand draft (s)/ RTGS upto but excluding the Deemed Date of Allotment.It will
be paid within two working days from the Deemed Date of Allotment.
( ) ()//
()/ ()/..../ ... Payment
of interest and repayment of principal (Only in case of call option) shall be made by way of
cheque(s)/ interest / redemption warrant(s)/demand drafts(s)/credit through RTGS /ECS system
..../ ... , ()/ () " - .
.. " " "

... " " , . "111511023752", : " " ,
.... : "BKDNO401115-"
Through RTGS / ECS system Cheque(s)/ demand draft (s) may be drawn in favour of "Dena
Bank A/c - IPDI Issue" and crossed "Account Payee Only" payable at par at designated
centers mentioned elsewhere in the Disclosure Document or by way of electronic transfer of
funds through RTGS mechanism for credit in the Account of " Dena Bank ", Account No.
"111511023752", Branch: " Capital Market Branch", IFSC Code:"BKDNO401115-"
20, 2009 () May 20, 2009 (Wednesday)

Issue Opens on^

26, 2009 () May 26, 2009 (Tuesday)
Issue Closes on^
Pay In Date ^
20, 2009 26, 2009 May 20, 2009 to May 26, 2009
Deemed Date of Allotment ^ 28, 2009 () May 28, 2009 (Thursday)
* Current Rating CRISIL AA/ Stable, CARE AA

# ,

/
/ /
30 () .
^ / / ()
/ (/ )
. ,
.
()
.
15:
/ /
13,
2012 . .... ..72/29.67.001/2011-12
, .
# In case of exercise of Call Option by the Bank, the Bank shall notify its
intention to do so through a public notice at least in one All-India English
and one regional language daily newspaper in Mumbai and/or through
notice sent by registered post / courier to the sole / first Beneficial Owner
of the Bonds at least 30 (thirty) day prior to the due date.
^ The Bank reserves its sole and absolute right to modify (pre-pone /
postpone) the issue opening / closing / pay-in date(s) without giving any
reasons or prior notice. In such a case, investors shall be intimated about
the revised time schedule by the Bank. The Bank also reserves the right
to keep multiple Deemed Date(s) of Allotment at its sole and absolute
discretion without any notice.
Table DF - 15: Disclosure Requirement for Remunation
As per guidelines of Compensation of Whole Time Directors / Chief
Executive Officers / Other Risk Takers issued vide circular DBOD.
NO.BC.72/29.67.001/2011-12 dated January 13, 2012 this disclosure is
not applicable to our Bank.

REPORT OF THE AUDITORS TO THE PRESIDENT OF INDIA
INDEPENDENT AUDITORS REPORT
1 31 , 2014 ,
31 , 2014 -,
- ,
.
20
523 .
-
.
1089
. -
10.21%- 30.43 %,
6.93% 26.88% .
2.
3.
4.
5.
6.
(i)

, 1949
.
, ,

, .

.

.

,
.

.

, .

-
,
.

.
.

.
.
:

31 2014

.
To,
The President of India
Report on the Financial Statements
1.
We have audited the accompanying financial statements of Dena

Bank as at 31st March, 2014, which comprise the Balance Sheet as
at 31st March, 2014, the Profit and Loss Account and the Cash Flow
Statement for the year then ended, and the significant accounting
policies, notes to accounts and other explanatory information.
Incorporated in these financial statements are the returns of 20
branches and integrated treasury branch audited by us and 523
branches audited by branch auditors. The branches audited by us
and those audited by other auditors have been selected by the
Bank in accordance with the guidelines issued to the Bank by the
Reserve Bank of India. Also incorporated in the Balance Sheet and
the Profit and Loss Account are the returns from 1089 branches
which have not been subjected to audit. These unaudited branches
account for 10.21% of advances, 30.43% of deposits, 6.93% of
interest income and 26.88% of interest expenses.
Managements Responsibility for the Financial Statements

2.
Management is responsible for the preparation of these financial

statements drawn up in accordance with the Banking Regulation
Act, 1949. 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 judgment,
including the assessment of the risks of material misstatement
of the financial statements, whether due to fraud or error. In
making those risk assessments, the auditor considers internal
control relevant to the 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 includes evaluating the appropriateness of
accounting policies used and the reasonableness of the accounting
estimates made by the Management, as well as evaluating the
overall presentation of the financial statements.
5. We believe that the audit evidence we have obtained is sufficient

and appropriate to provide a basis for our audit opinion.
Opinion
6.
In our opinion, as shown by books of the Bank, 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 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 31st March 2014 in
conformity with accounting principles generally accepted in India;

REPORT OF THE AUDITORS TO THE PRESIDENT OF INDIA
(ii)
,
;
(iii)

.

7. :
(i) 18 18.21 , 20 ,
2013 . . . . .77/21.04.018/2013-14
31 , 2013 1961
36(1) (viii)
.
(ii) 18 18.21 , :
(...) .
(iii)
18 18.21 ,
/ -
.
(iv) 18 18.21 ii,
15 ()
.
(ii)
.

8. - , 1949

.
9. 1 5
( ) , 1970
:i)

.
(ii) , , .
the Profit and Loss Account, read with the 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
(iii) 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.
We draw attention to:
(i)
Note 18.21 j of Schedule 18, which describes the accounting

treatment of the expenditure on creation of Deferred Tax Liability
on Special Reserve under section 36(1)(viii) of the Income Tax
Act, 1961 as at 31st March 2013, pursuant to RBIs Circular No.
DBOD. No. BP.BC.77/21.04.018/2013-14 dated 20th December
2013.
(ii) Note 18.21 j of Schedule 18, regarding creation of Deferred Tax

Assets (DTA) on the provision for sacrifice in Restructured Assets;
(iii) Note 18.21 j of Schedule 18, which describes the basis for nonrecognition of Deferred Tax Liabilities/ Deferred Tax Assets on the
provision for depreciation on Investments.
(iv) Note 18.21e ii of Schedule 18, which regarding amortization of
pension and gratuity liability pursuant to the exemption granted by
the Reserve Bank of India to public sector banks from application
of the provisions of Accounting Standard 15 (Revised) Employees
Benefits.
Our opinion is not qualified in respect of above matters.
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, 1970, and 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.
(iii)
.
10. ,
.
(c) The returns received from the offices and branches of the Bank
have been generally found adequate for the purposes of our audit.
. .. .

For M/s S N Dhawan & Co
. .. .

For M/s S C Ajmera & Co
.

For M/s. Anand & Ponnappan
. .... .

For M/s APAS & Co
[. . ]
[S.K.Khattar]
Partner
. MNo 084993
.. FRN 000050N
[.. ]
[S C Ajmera]
Partner
. M No 081398
.. FRN 002908C
[. ]
[R Ponnappan]
Partner
. M No 021695
.. FRN 000111S
[ ]
[Abhishek Mahawar]
Partner
. M No 078796
.. FRN 000340C
Place: Mumbai
Date: 10 , 2014
10. In our opinion, the Balance Sheet, Profit and Loss Account and
the Cash Flow Statement comply with the applicable Accounting
Standards.

31 , 2014 BALANCE SHEET AS AT 31st MARCH 2014
000
31-03-2014

As at 31.03.2014
` 000s omitted
31-03-2013

As at 31.03.2013
1
2
3
4
5
5378164
66046729
1100276878
51609309
25323806
1248634886
3500585
54139534
972071508
84136562
20556051
1134404240
62439503
86444930
1287717
11769162
8
9
10
11
366120731
775537748
11448139
31801048
1248634886
557262553
28990037
343430975
657812176
11121168
23825829
1134404240
522184885
45956604
SCHEDULE
CAPITAL AND LIABILITIES
CAPITAL
RESERVES AND SURPLUS
DEPOSITS
BORROWINGS
OTHER LIABILITIES AND PROVISIONS
TOTAL
ASSETS

CASH AND BALANCES WITH RESERVE BANK OF INDIA

BALANCES WITH BANKS AND MONEY AT CALL & SHORT NOTICE
INVESTMENTS
ADVANCES
FIXED ASSETS
OTHER ASSETS
TOTAL
CONTINGENT LIABILITIES
12
BILLS FOR COLLECTION
Significant Accounting Policies
17
Notes forming Part of Accounts
18
- . Schedules referred to above form an integral part of Balance Sheet

Ashwani Kumar

Trishna Guha
Executive Director
. .

R.K. Takkar
Executive Director
Anna Roy
Director
V. Vasanthan
Director
. .
S.P. Sharma
Director
. .
M.L. Gupta
Director
J. Balasubramanian
Director
Vijay Kapoor
Director
Rakesh Goel
Director
A. Subramanya
Director
Rohit M. Desai
Director
Mukesh Mohan
Director
. .. .

[. . ]
[S.K.Khattar]
Partner
. MNo 084993
.. FRN 000050N
Place: Mumbai
Date: 10 , 2014
..

P.S.Pasricha
Hemant Khisti
Director
Chief Manager
. .. .

[.. ]
[S C Ajmera]
Partner
. M No 081398
.. FRN 002908C

..

Pankaj Mittal
G.C. Garg
Asstt. General Manager
General Manager
.
. .... .

For M/s APAS & Co
[. ]
[R Ponnappan]
Partner
. M No 021695
.. FRN 000111S
[ ]
[Abhishek Mahawar]
Partner
. M No 078796
.. FRN 000340C

31 , 2014 PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2014
`000

31-03-2014

Year ended
31.03.2014
000s omitted
31-03-2013

Year ended
31.03.2013
13
14
99784750
9167294
108952044
88993894
6554632
95548526
15
16
74733951
16477820
12223672
103435443
65162879
12996975
9284848
87444702
5516601
0
5516601
8103824
0
8103824
1654980
600000
59777
1906283
1295561
0
5516601
14.40
2431147
650000
49291
3048496
1924890
0
8103824
23.15
SCHEDULE
I
INCOME
INTEREST EARNED
OTHER INCOME
TOTAL
II
EXPENDITURE
INTEREST EXPENDED
OPERATING EXPENSES
PROVISIONS & CONTINGENCIES
TOTAL
III / PROFIT/LOSS
NET PROFIT FOR THE YEAR
/ NET PROFIT/LOSS BROUGHT FORWARD
TOTAL
IV APPROPRIATIONS
TRANSFER TO STATUTORY RESERVE
TRANSFER TO SPECIAL INFRA RESERVE
TRANSFER TO CAPITAL RESERVES
TRANSFER TO REVENUE RESERVE
( ) PROPOSED DIVIDEND (INCL. DIVIDEND TAX)
BALANCE CARRIED OVER TO BALANCE SHEET
TOTAL
(`) ( / ) Earnings Per Share(`) (Basic/Diluted)
( ` 10/- ) (Face Value of ` 10/- each share)
Significant Accounting Policies
Notes forming Part of Accounts

Schedules referred to above form an integral part of Profit & Loss Account
17
18

Ashwani Kumar

Trishna Guha
Executive Director
. .

R.K. Takkar
Executive Director
Anna Roy
Director
V. Vasanthan
Director
. .
S.P. Sharma
Director
. .
M.L. Gupta
Director
J. Balasubramanian
Director
Vijay Kapoor
Director
Rakesh Goel
Director
A. Subramanya
Director
Rohit M. Desai
Director
Mukesh Mohan
Director
. .. .

[. . ]
[S.K.Khattar]
Partner
. MNo 084993
.. FRN 000050N
Place: Mumbai
Date: 10 , 2014
..

P.S.Pasricha
Hemant Khisti
Director
Chief Manager
. .. .

[.. ]
[S C Ajmera]
Partner
. M No 081398
.. FRN 002908C

..

Pankaj Mittal
G.C. Garg
Asstt. General Manager
General Manager
.
. .... .

For M/s APAS & Co
[. ]
[R Ponnappan]
Partner
. M No 021695
.. FRN 000111S
[ ]
[Abhishek Mahawar]
Partner
. M No 078796
.. FRN 000340C

SCHEDULES
31 , 2014 - SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31st MARCH 2014
`000
` 000s omitted
31-03-2014
31-03-2013

As at 31.03.2014 As at 31.03.2013
- 1 SCHEDULE-1 CAPITAL
AUTHORISED
` 10/- 300,00,00,000 300, 00, 00,000 SHARES OF ` 10/- EACH
30000000
30000000
, ISSUED, SUBSCRIBED AND PAID-UP
5378164
3500585
` 10/- 53,78,16,364 ( 35,00,58,527)
53,78,16,364 (P Y 35,00,58,527) EQUITY SHARES OF ` 10/- EACH FULLY PAID UP
31,19,69,644 ( 19,33,85,874)
Of which, 31,19,69,644 (PY 19,33,85,874) shares are held by the Government of India
TOTAL
5378164
3500585
- 2 SCHEDULE-2 RESERVES AND SURPLUS
I STATUTORY RESERVE
OPENING BALANCE
14117579
11686432
ADDITION DURING THE YEAR
1654980
2431147
TOTAL - I
15772559
14117579
II CAPITAL RESERVE
OPENING BALANCE
1193282
1143991
59777
49291
TOTAL - II
1253059
1193282
III REVALUATION RESERVE
OPENING BALANCE
8546076
1858205
0
7002177
DEDUCTION DURING THE YEAR
(426666)
(314306)
TOTAL - III
8119410
8546076
IV SHARE PREMIUM
OPENING BALANCE
8830130
8830130
8782421
0
TOTAL - IV
17612551
8830130
V REVENUE RESERVE
OPENING BALANCE
19482467
16433971
1906283
3048496
(669600)
0
TOTAL - V
20719150
19482467
VI SPECIAL INFRA RESERVE
OPENING BALANCE
1970000
1320000
0
0
600000
650000
TOTAL - VI
2570000
1970000
TOTAL (I + II + III + IV + V +VI)
66046729
54139534

SCHEDULES
`000
` 000s omitted
31-03-2014
31-03-2013

As at 31.03.2014 As at 31.03.2013
- 3
SCHEDULE-3 DEPOSITS
A I DEMAND DEPOSITS
i. FROM BANKS
1946193
1144557
ii. FROM OTHERS
66734524
67554791
II SAVINGS BANK DEPOSITS
241424167
212830673
III TERM DEPOSITS
i. FROM BANKS
124300019
91997723
ii. FROM OTHERS
665871975
598543764
TOTAL
1100276878
972071508
B i. DEPOSITS OF BRANCHES IN INDIA
1100276878
972071508
ii. DEPOSITS OF BRANCHES OUTSIDE INDIA
0
0
TOTAL
1100276878
972071508
- 4
SCHEDULE-4 BORROWINGS
I BORROWINGS IN INDIA
i. RESERVE BANK OF INDIA
21050000
55500000
ii. OTHER BANKS
0
0
iii. OTHER INSTITUTIONS AND AGENCIES
159
1626635
iv. BONDS
a) (....) INNOVATIVE PERPETUAL DEBT INSTRUMENT (IPDI)
2500000
2500000
b) II UPPER TIER II BONDS
3000000
3000000
c) (....)
0
0
PERPETUAL CUMULATIVE PREFERENCE SHARES (PCPS)
d) - (.....)
0
0
REDEEMABLE NON-CUMULATIVE PREFERENCE SHARES (RNCPS)
e) (....)
0
0
REDEEMABLE CUMULATIVE PREFERENCE SHARES (RCPS)
f) SUBORDINATED DEBTS UNSECURED @
16660000
18160000
g) - III II NON CONVERTIBLE
7800000
0
REDEEMABLE UNSECURED BASEL III COMPLIANCE TIER II BONDS
II BORROWINGS OUTSIDE INDIA
599150
3349927
TOTAL
51609309
84136562
@ II Out of which, eligible part of Tier II capital
13948000
14980000
- 5
SCHEDULE-5 OTHER LIABILITIES & PROVISIONS
I BILLS PAYABLE
3493350
2575893
II () INTER OFFICE ADJUSTMENTS (NET)
0
478132
III INTEREST PAYABLE
4076876
3191853
IV CONTINGENT PROVISIONS AGAINST STANDARD ASSETS
5095325
3537199
V ( ) OTHERS (INCLUDING PROVISIONS)
12658255
10772974
TOTAL
25323806
20556051

SCHEDULES
`000
` 000s omitted
31-03-2014
31-03-2013

As at 31.03.2014 As at 31.03.2013
- 6
SCHEDULE 6 - CASH AND BALANCES WITH RESERVE BANK OF INDIA
I
( )
CASH IN HAND (INCLUDING FOREIGN CURRENCY NOTES)
II BALANCES WITH RESERVE BANK OF INDIA
i. IN CURRENT ACCOUNTS
ii. (... ) IN OTHER ACCOUNTS (UNDER LAF)
4858535
4480321
57580968
0
62439503
29964609
52000000
86444930
508822
0
540662
5000000
TOTAL - I
0
0
508822
0
800000
6340662
TOTAL - II
TOTAL (I + II)
0
778895
0
778895
1287717
0
5428500
0
5428500
11769162
TOTAL
- 7
SCHEDULE 7 BALANCES WITH BANKS AND MONEY AT CALL AND SHORT NOTICE
I IN INDIA
i. BALANCES WITH BANKS
a. IN CURRENT ACCOUNTS
b. IN OTHER DEPOSIT ACCOUNTS
ii MONEY AT CALL AND SHORT NOTICE
a. WITH BANKS
b. WITH OTHER INSTITUTIONS
II OUTSIDE INDIA
i. IN CURRENT ACCOUNTS
ii. IN OTHER DEPOSIT ACCOUNTS
iii. MONEY AT CALL AND SHORT NOTICE
`000 ` 000s omitted

31-03-2014 31-03-2013
As at 31.03.2014 As at 31.03.2013
- 8
SCHEDULE-8 INVESTMENTS
I INVESTMENTS IN INDIA IN
i. GOVERNMENT SECURITIES*
ii. OTHER APPROVED SECURITIES
iii. SHARES
iv. DEBENTURES AND BONDS
v. / SUBSIDIARIES AND/OR JOINT VENTURES
vi. OTHERS
a. VENTURE CAPITAL
b. UNITS OF MUTUAL FUNDS
290215169
0
1826349
27747518
193318
348795
10235
267584273
25087
1619801
10409075
483225
268672
0

SCHEDULES
II
`000 ` 000s omitted

31-03-2014 31-03-2013
As at 31.03.2014 As at 31.03.2013
c. RIDF DEPOSIT
27842623
16755460
d. COMMERCIAL PAPER
472064
853932
e. ... SECURITY RECEIPTS OF ARCs
2289500
68779
f. CERTIFICATE OF DEPOSIT
9449285
36825622
g. .... ( ) MSME (RISK CAPITAL) FUND
247350
247350
h. .... MSME REFINANCE
2361650
2224400
i. .... CBLO
0
3692399
j. .... RHDF
3116875 46138377
2372900 63309514
TOTAL
366120731
343430975
INVESTMENTS OUTSIDE INDIA
0
0
TOTAL (I + II)
366120731
343430975
GROSS INVESTMENTS
370877904
345474280
: LESS: PROVISION FOR DEPRECIATION
4757173
2043305
NET INVESTMENTS
366120731
343430975
* INCLUDES ENCUMBERED SECURITIES
12807000
52500000
`000
- 9
SCHEDULE-9 ADVANCES
A. i. BILLS PURCHASED AND DISCOUNTED
ii. ,
CASH CREDITS, OVERDRAFTS AND LOANS REPAYABLE ON DEMAND
iii. TERM LOANS
TOTAL
B. i. SECURED BY TANGIBLE ASSETS*
ii. / COVERED BY BANK/GOVT. GUARANTEES
iii. UNSECURED
TOTAL
* * Includes advances against book-debts
C. I. ADVANCES IN INDIA
i. PRIORITY SECTOR
ii. PUBLIC SECTOR
iii. BANKS
iv. OTHERS
TOTAL
II. ADVANCES OUTSIDE INDIA
TOTAL

31-03-2014

As at 31.03.2014
000s omitted
31-03-2013

As at 31.03.2013
30170235
356653617
23929692
282349296
388713896
775537748
633037848
46089262
96410638
775537748
351533188
657812176
531291048
42083350
84437778
657812176
228487450
152159340
3154523
391736435
775537748
0
775537748
185158610
135339968
5567658
331745940
657812176
0
657812176

SCHEDULES
31 , 2014 - SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31ST MARCH 2014
`000 ` 000s omitted
31-03-2014
31-03-2013

As at 31.03.2014 As at 31.03.2013
- 10
SCHEDULE-10 FIXED ASSETS
A. TANGIBLE ASSETS
I. PREMISES
i. 31 (
11431601
4335373
) AT COST AS AT 31st MARCH OF THE PRECEEDING YEAR (includes increase
in the value on account of revaluation of certain premises in earlier years)
ii.
0
7002177
ADDITION ON ACCOUNT OF REVALUATION DURING THE YEAR
iii. ADDITIONS DURING THE YEAR
115114
94051
iv. DEDUCTIONS DURING THE YEAR
0
0
v. DEPRECIATION TO DATE
(2507728)
(2039086)
vi. WORK IN PROGRESS
21673
21673
TOTAL - I
9060660
9414187
II. ( )
OTHER FIXED ASSETS (INCLUDING FURNITURE AND FIXTURES)
i. 31
4960730
4420933
AT COST AS ON 31st MARCH OF THE PRECEDING YEAR
ii. ADDITIONS DURING THE YEAR
1032985
658199
iii. DEDUCTIONS DURING THE YEAR
(154163)
(118402)
iv. DEPRECIATION TO DATE
(3733355)
(3367305)
TOTAL - II
2106197
1593425
TOTAL (I + II) - A
11166857
11007612
B. INTANGIBLE ASSETS
I. COMPUTER SOFTWARE
i. 31
551814
488174
AT COST AS AT 31st MARCH OF THE PRECEEDING YEAR
ii. ADDITION DURING THE YEAR
58852
63640
iii. DEDUCTION DURING THE CURENT YEAR
0
0
iv. Software under implementation
159860
0
v. AMORTISED TO DATE
(489244)
(438258)
TOTAL - B
281282
113556
GRAND TOTAL (A+B)
11448139
11121168
- 11
SCHEDULE-11 OTHER ASSETS
I. - () INTER - OFFICE ADJUSTMENTS (NET)
891495
0
II. INTEREST ACCRUED
10423292
8150387
III. / ( )
7393866
7834409
TAX PAID IN ADVANCE/TAX DEDUCTED AT SOURCE (Incl of MAT Entitlement & Net of provision)
IV. () DEFERRED TAX ASSET (NET)
5210610
2623610
V. STATIONERY AND STAMPS
48396
39328
VI. - NON BANKING ASSETS ACQUIRED IN SATISFACTION
165917
98600
OF CLAIMS
VII. OTHERS
7667472
5079495
TOTAL
31801048
23825829

SCHEDULES
31 , 2014 - SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31ST MARCH 2014
` 000 ` 000s omitted
31-03-2014
31-03-2013

As at 31.03.2014 As at 31.03.2013
- 12
SCHEDULE-12 CONTINGENT LIABILITIES
I.
19199200
19058446
CLAIMS AGAINST THE BANK NOT ACKNOWLEDGED AS DEBTS
II. LIABILITY ON ACCOUNT OF PARTLY PAID SHARES
0
0
III.
445510143
413484900
LIABILITY ON ACCOUNT OF OUTSTANDING FORWARD EXCHANGE CONTRACTS
IV. GUARANTEES GIVEN ON BEHALF OF CONSTITUENTS
a) IN INDIA
46123277
44351720
b) OUTSIDE INDIA
0
0
V. , ACCEPTANCES, ENDORSEMENTS AND OTHER OBLIGATIONS
46429933
45289762
VI. OTHER ITEMS FOR WHICH THE BANK IS
0
57
CONTINGENTLY LIABLE
TOTAL
557262553
522184885
BILLS FOR COLLECTION
28990037
45956604
31 , 2014
SCHEDULES FORMING PART OF PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2014
`
000 ` 000s omitted
31-03-2014

Year ended
31.03.2014
31-03-2013

Year ended
31.03.2013
73531805
68189702
25568512
20194645
III. INTEREST ON
BALANCES WITH RESERVE BANK OF INDIA AND OTHER INTER BANK FUNDS
264589
309763
IV. OTHERS
419844
299784
99784750
88993894
1950041
1846168
- 13
SCHEDULE 13 INTEREST EARNED
I.
/ / INTEREST/DISCOUNT ON ADVANCES/BILLS
II. INCOME ON INVESTMENTS
TOTAL
- 14
SCHEDULE 14 OTHER INCOME
I.
, COMMISSION, EXCHANGE AND BROKERAGE
II. PROFIT ON SALE OF INVESTMENTS

: LESS: LOSS ON SALE OF INVESTMENTS
III. / () () PROFIT /(LOSS) ON
SALE OF LAND, BUILDINGS AND OTHER ASSETS (NET)
3145079
298682
1648379
2846397
(7554)
76883
1571496
(7508)

SCHEDULES
31 , 2014
SCHEDULES FORMING PART OF PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2014
`
000 ` 000s omitted
31-03-2014

Year ended
31.03.2014
31-03-2013

Year ended
31.03.2013
749338
888470
37826
26805
3591247
2229201
9167294
6554632
71092861
62343702
II. /- INTEREST ON RESERVE BANK OF INDIA/

INTER BANK BORROWINGS
1229760
585691
III. OTHERS
2411330
2233486
74733951
65162879
IV. - () PROFIT ON FOREIGN EXCHANGE

TRANSACTIONS (NET)
V. / //
INCOME EARNED BY WAY OF DIVIDENDS ETC. FROM SUBSIDIARIES /
COMPANIES AND /OR JOINT VENTURES ABROAD/ IN INDIA
VI. MISCELLANEOUS INCOME
TOTAL
- 15
SCHEDULE 15 INTEREST EXPENDED
I.
INTEREST ON DEPOSITS
TOTAL
- 16
SCHEDULE 16 OPERATING EXPENSES
I.

PAYMENTS TO AND PROVISIONS FOR EMPLOYEES
10050061
7918252
II.
, RENT, TAXES AND LIGHTING
1455218
1196340
III. - PRINTING AND STATIONERY
199260
131376
IV. ADVERTISEMENT AND PUBLICITY
184718
82620
V.
545572
412832
23232
24554
125318
84142
80942
42498
IX. , POSTAGE, TELEGRAMS, TELEPHONES ETC
317191
256228
X. REPAIRS AND MAINTENANCE
265210
236431
XI. INSURANCE
1015806
769652
XII. OTHER EXPENDITURE
2215292
1842050
16477820
12996975
DEPRECIATION ON BANK'S PROPERTY
VI. , DIRECTORS' FEES, ALLOWANCES AND EXPENSES

VII. ( - ) AUDITORS' FEES AND
EXPENSES (INCLUDING BRANCH AUDITORS)
VIII. LAW CHARGES
TOTAL

SCHEDULES
SCHEDULE - 17

17.1
, ,

(...)
, ,
/ , ,
(...)
.
17.2
...
(
)
.

.
17.3
.
i)
ii) iii)

.
. -
-
:

.
.
' ' ` '
.
/ .
, ,
.
.

. ,
/
(
) - .

......( )
SCHEDULE 17
SIGNIFICANT ACCOUNTING POLICIES
17.1 BASIS OF ACCOUNTING
The Banks financial statements are prepared under the historical cost
convention, on accrual basis of accounting, unless otherwise stated
and conform in all material aspects to Generally Accepted Accounting
Principles (GAAP) in India, which comprise applicable statutory
provisions, regulatory norms/guidelines prescribed by Reserve Bank of
India (RBI), Accounting Standards issued by the Institute of Chartered
Accountants of India (ICAI), to the extent applicable and generally the
practices prevailing in the banking industry in India.
17.2 USE OF ESTIMATES
The preparation of financial statements in conformity with GAAP requires
the management to make estimates and assumptions considered in the
reported amounts of assets and liabilities (including contingent liabilities)
as of the date of the financial statements and the reported income and
expenses during the reporting period. Management believes that the
estimates used in the preparation of the financial statements are prudent
and reasonable.
17.3 INVESTMENTS
A Basis of Classification
Investments have been categorized as per guidelines of Reserve Bank of
India (i) Held to Maturity, (ii) Available for Sale (iii) Held for Trading and
are disclosed in the accounts under six classifications at the value net of
depreciation provision thereon.
B Valuation
Investments are valued as per Reserve Bank of India guidelines in the
following manner:
Basis:
Held to Maturity
Investments held under this category are carried in books at their
acquisition cost. Premium, if any, paid on acquisition is amortized using
straight line method.
Available for Sale and Held for Trading
These Investments are marked to market scrip wise. Depreciation/
Appreciation for each of six classifications is aggregated; net depreciation,
if any, for each classification is provided for, but net appreciation is
ignored.
C Methodology
All investments of Bank are valued consistently on Average Cost Method.
Market value of quoted securities in case of Investments included in the
Àvailable for Sale and `Held for Trading categories is taken based on
last closing rate of recognized stock exchange/s or price list of FIMMDA
[Fixed Income Money Market and Derivatives Associaiton of India].
The value in case of unquoted securities and securities where market
quotes are not available, is determined based on Prices / Yield to Maturity

SCHEDULES
/ /
/
.
,
, , ....,
.
.
,

.
, , -
/ .

,
.
17.4
)
-
, ,
.
) ... . ..
, ...
, .... / ...
,
.
)
. ..
. 5 ' '
.
)
, .
) (...)/ (..)/
/ /
(...) -
.

.././/./...
.
17.5
) ,
, .
)
.
declared by FIMMDA [Fixed Income Money Market and Derivatives

Association of India] and Net Asset Value in case of units of Mutual
Funds / SRs of ARCs / SCs/Venture Capital Fund and Net Book Value in
case of Shares of Companies.
Treasury Bills, Commercial Papers, Certificate of Deposits. CBLO, Rural
Infrastructure Development Funds and Investments including Share
Capital Deposits in Regional Rural Banks are valued at carrying cost.
D INCOME RECOGNITION AND PRUDENTIAL NORMS
Bank follows the prudential norms formulated by Reserve Bank of India,
from time to time, as to Asset Classification of all Investments, Income
Recognition and Provisioning on such Investments.
Commission, brokerage, broken period interest on investment transactions
are debited and /or credited to Profit and Loss Account in the year of
transaction.
Profit on sale of investments under the category Held to Maturity is
taken to Profit and Loss Account and thereafter appropriated to Capital
Reserve Account whereas loss on sale of Investments is recognized in
the Profit & Loss Account.
17.4 ADVANCES
A Bank follows the prudential norms formulated by Reserve Bank of
India, from time to time, as to Asset Classification, Income Recognition
and Provisioning thereon. Accordingly, all advances are being classified
into Standard, Sub-standard, Doubtful and Loss Assets.
B Advances are stated net of provisions for Non Performing Assets,
provision in lieu of diminution in the fair value of Restructured Accounts,
Balance in Sundries Account in respect of NPA accounts, DICGC/ECGC
Claims received and held pending adjustment, part payment received
and kept in Suspense Account.
C A general provision for Standard Assets is made in conformity with
the prudential norms. Provision on Standard Assets and excess Provision
on Sale of NPA accounts are included in Other Liabilities and Provisions
in Schedule 5 to the Balance Sheet.
D Recoveries in Non Performing Advances are first appropriated
towards principal outstanding and surplus, if any, is recognized as income.
E In case of sale of financial assets to the Asset Reconstruction
Company (ARC) / Securitisation Company (SC)/ Banks/ FIs / NBFCs at
a price below the Net Book Value (NBV), i.e. Book Value Less Provision
held, the shortfall is debited to the Profit and Loss Account and in case
of sale at a value higher than the NBV, the excess provision is not being
reversed but is kept for utilization to meet the shortfall/loss on account of
sale of other financial assets to ARC/SC/Banks/FIs/NBFCs.
17.5 FIXED ASSETS & DEPRECIATION
A Fixed assets are stated at historical cost except certain premises,
which have been stated at revalued amount.
B Premises also include cost of land in some of the properties where
the same could not be segregated.

SCHEDULES
) 01.04.2000 , 25%
. . .
01.04.2000
33.33% .
1962 (...)
.
) 30

.
) / /
.
.) , .
)
.
)
,
.
) .
17.6 :
, 28
- ,
.
17.7
,
19 -, ...
.
17.8 -
- .
17.9
i) / / / /
, , , ,
,
.
ii) / /

iii) /
.
iv) 5 -
' ' . ,
.
17.10
(i) 22 2008 ,
22.08.2008
.
C Depreciation is charged on Written Down Value (W.D.V.) Method at

the rates prescribed under the Income Tax Rules, 1962 except that the
Computer Hardware purchased before 01.04.2000 are depreciated @
25% p.a. on W.D.V. Method and those purchased on or after 01.04.2000
are depreciated @ 33.33% on Straight Line Method.
D Depreciation on additions to fixed assets made up to 30th September
of the year is provided at full rate and on additions made thereafter, at
half the rate.
E Depreciation on assets sold/discarded during the year is charged
upto the date of sale/discard.
F Cost of leasehold land is amortized over the period of lease.
G Depreciation attributable to revalued portion is charged to the
Revaluation Reserve Account.
H Computer Software Expenses are considered as Intangible Assets
and are amortized over a period of five years, which is considered as
useful economic life of such assets.
I Fixed Assets include Capital Work-in-Progress.
17.6 IMPAIRMENT OF ASSETS
Impairment loss, if any, on Fixed Assets is recognised in accordance with
the AS 28 - Impairment of Assets, issued by ICAI and charged to Profit
and Loss Account.
17.7 LEASE ACCOUNTING
Lease payments for assets taken on operating lease are recognized in
the Profit & Loss Account over the lease term in accordance with AS 19
Leases, issued by ICAI.
17.8 NON BANKING ASSETS
Non Banking Assets are stated at cost.
17.9 REVENUE RECOGNITION
i Commission on Letters of Credit/ Bank Guarantees/ Government
Business / Distribution of Insurance Policies/ Mutual Fund Products/
ASBA; Locker Rent, Interest on Refund of Taxes, Dividend, Income on
Units of Mutual Funds, Rental Income, and Service Charges on various
Deposit Accounts are recognized on realization basis.
ii Interest/Discount on Non-Performing Loans & Advances/
Investments is recognized to the extent realized as per the prudential
guidelines of RBI.
iii Recoveries in Written Off Advances / Investments are being
accounted for as Miscellaneous Income.
iv Unclaimed credit balances lying in Suspense Receipts Account for
more than five years are being considered as Miscellaneous Income.
Subsequent claims, if any paid to the customers are charged to expenses
in the year of payment.
17.10 RECOGNITION OF EXPENSES
i Pursuant to RBI Circular dated 22nd August, 2008, interest payable
on matured and unpaid Term Deposits is provided on accrual basis on
Saving Bank Rate on deposits matured on or after 22.08.2008.

SCHEDULES
(ii) ,
.
(iii)
.
(iv) (..)
.
17.11
)
( )

.
) - ,
.
) , , ,

.
) -
.
17.12
, ;
, . 15[]

.
.3.50 .10 ,
....80/21.04.018/2010-11
09 2011 2010-11 5 .
17.13
, /

.

.

.
17.14 ,
. 29- ... ,
,
,

.
.

.,
.
.
ii Expenses on the issue of shares, bonds etc. are recognized in the

year of incurrence
iii Legal Expenses in case of Suit Filed Accounts are charged to Profit
and Loss Account.
iv Expenditure on Voluntary Retirement Scheme [VRS] is recognized
in the year of payment.
17.11 EFFECTS OF CHANGES IN FOREIGN EXCHANGE RATES
A Foreign Currency monetary items including outstanding forward
exchange contracts in foreign currency are valued at the year-end on the
rates issued by Foreign Exchange Dealers Association of India (FEDAI)
and the resultant profit/loss arising out of such revaluation is accounted
for in the Profit & Loss Account.
B Foreign Currency non-monetary items which are carried in terms of
historical cost, are reported at the exchange rate on the date of transaction.
C Guarantees, letters of credit, acceptances, endorsements and other
obligations in foreign currency are also revalued at the year-end on the
rates issued by FEDAI for the purpose of Balance Sheet exposure.
D Income and Expenditure items are recognized at the exchange rates
prevailing on the date of transaction.
17.12 EMPLOYEE BENEFITS
Gratuity, Pension and Leave Encashment payable on retirement;
and other employee benefits are charged to Profit & Loss Account as
per actuarial valuation as required by AS 15 [R] issued by ICAI. The
liability on account of exercise of second pension option by the existing
employees, and enhancement in gratuity limit from Rs.3.50 lacs to Rs.10
lacs, is amortized in five years starting from the FY 2010-11 in terms
of RBI circular no: DBOD.No. BP.BC.80/ 21.04.018/2010-11 dated 09th
February, 2011.
17.13 TAXES ON INCOME
Current Tax is provided using applicable tax rates on the amount worked
out on the basis of applicable tax laws, judicial pronouncements / legal
opinions and the past assessments.
Deferred Tax is recognised subject to consideration of prudence on
timing difference, representing the difference between the taxable income
and accounting income that originated in one period and are capable of
reversal in one or more subsequent periods. Deferred Tax Assets and
Liabilities are measured using tax rates and the tax laws that have been
enacted or substantively enacted by the Balance Sheet date.
17.14 PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT
ASSETS
A As per AS 29 - Provisions, Contingent Liabilities and Contingent
Assets issued by ICAI, the Bank recognises provisions only when it has a
present obligation as a result of a past event, it is probable that an outflow
of resources is expected to settle the obligation and a reliable estimate of
the amount of obligation can be made.
B Contingent Liabilities are disclosed in a case when there is a present
or possible obligation and it is not probable that an outflow of resources
will be required to settle it.
C Contingent Assets are neither recognised nor disclosed.

SCHEDULES
- 18

18.1 . 2014
.
. / .
.
. (. ) /
.
18.2 . ,
:
i. 0.25%.
ii. (...)
, 1.00%.
iii. 2.00%
iv. ( i, ii, iii iv )
0.40%
v.
3.50% 2 .
vi. ...
3.50%
vii. 01.06.2013
5 %
18.3 1089 -

.
18.4 ` 551.66 ( ` 810.38 ) `
165.50 ( ` 243.11 )
... ` 5.98 ( `
4.93 ) (
) . 1961 36 (i) (viii)
` 60 ( ` 65.00 )
. ` 129.56 ( ` 192.49 )
( ) `
190.63 ( ` 304.85 )

` 66.96 .
18.5 ` 16.59 ( ` 9.86 )
- () .
18.6 :
Capital
, :
i) ( ) ,
2009 VII (...)
` 59.03 ` 10 11,85,83,770
` 700 .
SCHEDULE - 18
NOTES FORMING PART OF THE ACCOUNTS
18.1.a. Matching of entries in respect of Inter Branch transactions has
been done up to March 2014 for the purpose of reconciliation, which is
an ongoing process.
b. Balances with Reserve Bank of India/ other banks have been
reconciled except certain entries are under process of reconciliation.
c. The consequential impact of a & b as stated above is not
ascertainable pending reconciliation /adjustment.
18.2 a. Provision on standard assets has been given effect in the
accounts according to revised RBI guidelines as under:
i. 0.25% of the outstanding in direct advances to Agri & SME sectors
ii. 1.00% of the outstanding in Commercial Real Estate [CRE] sector
and also in cases where commencement date of operations is extended
iii. 2.00% of the outstanding in Housing Loans @ teaser rates.
iv. 0.40% of the outstanding in all other advances [i.e. except 2 [i],[ii]
and [iii] above]
v. 3.50% for the period covering the period of moratorium allowed
as per the restructuring package and 2 years thereafter, in restructured
standard accounts.
vi. 3.50% in the first year from the date of up gradation in Restructured
accounts earlier classified as NPA and later upgraded to standard
category.
vii. 5% Provision on accounts which are restructured standard and have
been restructured on or after 01.06.2013.
18.3 Classification of advances and provisioning there-against in case
of 1089 unaudited branches have been incorporated as certified by the
Branch Managers.
18.4 The Bank has transferred `165.50 cr (Previous year ` 243.11 cr) to
Statutory Reserve out of profit of ` 551.66 cr for the year (Previous year
` 810.38 cr) & ` 5.98 cr (Previous year ` 4.93 cr) to Capital Reserve
(Net of taxes and Transfer to Statutory Reserve) from the profit on sale of
investments held under HTM Category. The Bank has transferred ` 60.00
cr to the Special Reserve created u/s 36 (1) (viii) of the Income Tax Act,
1961 (Previous year ` 65.00 cr). The Bank has also transferred `190.63
cr to Revenue Reserve (Previous year ` 304.85 cr) and has adjusted `
66.96 cr on account of Deferred Tax Liability created on opening balance
of the Special Reserves after appropriation of Total Dividend (inclusive
of Interim Dividend and dividend distribution tax) of `129.56 cr (Previous
year `192.49 cr).
18.5 Non Banking Asset (land) acquired in satisfaction of claim amounting
to ` 16.59 cr (Previous year `9.86 cr) is pending for registration.
18.6 Disclosures in terms of RBI guidelines are as under:
a. Capital:
During the year, the Bank has issued :
i) 11,85,83,770 equity shares of ` 10/- each to Government of India
(GOI) at a price of ` 59.03 per share, on preferential basis in accordance
with Chapter VII of Securities and Exchange Board of India (Issue of
Capital Disclosure Requirements) Regulations, 2009 aggregating to
` 700 cr.

SCHEDULES
ii) ( ) ,
2009 VII ` 52.91
` 10 5,32,98,053
` 10 1,58,76,015
` 366 .
iii) ` 780 ` 10.00
7800 III
II ( XIII).
. . Particulars
Sr. No
i
1 (%) Common Equity Tier 1

capital ratio (%)
ii
1 (%)
Tier 1 capital ratio (%)
iii
2 (%)
Tier 2 capital ratio (%)
iv
(....) (%)
Total Capital ratio (CRAR) (%)
v

Percentage of the shareholding of the Government of India in
public sector banks
vi
(` )
Amount of equity capital raised (` in cr)
vii
1
Amount of Additional Tier 1 capital raised of which
..... PNCPS:
... PDI:
viii
2 Amount of Tier 2 capital raised;
of which
(` ) Debt capital instrument (` in cr)
: [ (..
..)/ - (......) /
(....)]
Preference Share Capital Instruments: [Perpetual Cumulative
Preference Shares (PCPS) / Redeemable Non-Cumulative
Preference Shares (RNCPS) / Redeemable Cumulative
Preference Shares (RCPS)]
* .......88/21.06.201/2012-13
28 , 2013 30 , 2013
III .
, .
ii) 5,32,98,053 equity shares of ` 10/- each to Life Insurance

Corporation of India and 1,58,76,015 equity shares of ` 10/- each to
General Insurance Corporation of India at a price of ` 52.91 per share,
on preferential basis in accordance with Chapter VII of Securities and
Exchange Board of India (Issue of Capital Disclosure Requirements)
Regulations, 2009 aggregating to ` 366 cr.
iii) 7800 Non-Convertible Redeemable Unsecured Basel III compliant
Tier II Bonds (Series XIII) having face value of ` 10.00 lacs each to Life
Insurance Corporation of India for an amount of ` 780 cr.
31.03.2014
III
II Basel II
Basel III
7.43
7.43
7.63
3.71
4.24
11.14
11.87
58.01%
58.01%
1066
1066
31.03.2013
III *
II
Basel III *
Basel II
NA
7.26
3.77
11.03
55.24%
0.00
-
NIL
NIL
NIL
NIL
0.00
0.00
780.00
NIL
780.00
NIL
850.00
0.00
NIL
NIL
0.00
*In terms of RBI Circular DBOD No. BP.BC.88/21.06.201/2012-13 dated

March 28, 2013, Banks are required to compute capital adequacy ratio
under Basel III capital regulations from the quarter ended June 30, 2013.
Accordingly, the details of previous year are not available.

SCHEDULES
b. Investments:
Particulars
1 Value of Investments
(i)
Gross Value of Investments
(a) In India
(b) Outside India
(ii)
Provisions for Depreciation
(a) In India
(b) Outside India
(iii)
Net Value of Investments
(a) In India
(b) Outside India
2. - Movement of provisions held towards depreciation on
investments
Opening balance
:
Add: Provisions made during the year
:
Less: Write-off during the year
: ... .../...

Less : Depreciation adjusted by reducing Book Value of Investment under AFS/HFT category shifted to HTM
Closing balance
`` :
The category wise position of holding of `Ìnvestment Portfolio is as under:
Categories

Gross Value of Investment
A.
Held to Maturity
B.
Available for Sale
C.
Held for Trading
Total

Less Depreciation

Net Value of Investments
( ` Amount in ` cr)
31.03.2014
31.03.2013
37087.79
0.00
34547.43
0.00
475.72
0.00
204.33
0.00
36612.07
0.00
34343.10
0.00
204.33
338.35
180.15
53.17
31.35
35.61
28.99
475.72
204.33
(` ` in cr)
31.03.2014
31.03.2013
26965.94
20633.93
9777.28
13423.05
344.57
490.45
37087.79
34547.43
475.72
204.33
36612.07
34343.10

SCHEDULES
( ) :REPO Transactions (in face value terms):
(` ` in cr)

31.03.14
Minimum
Maximum
Daily
outstanding during outstanding during average outstanding Balance as on

the year
the year
during the year
31.03.14
Particulars
Securities sold under repos
i. Govt Securities
ii. Corporate Debt Securities

Securities purchased under reverse repos
i. Govt Securities
i. Corporate Debt Securities
75.00
0.00
5000.00
0.00
973.11
0.00
1005.00
0.00
50.00
0.00
5200.00
0.00
71.65
0.00
NIL
0.00
iii. - Non SLR Investment Portfolio:

. - (31.03.2014 )
a. Issuer Composition of Non SLR Investment (As on 31.03.2014):
1602.34
3390.82
148.82
351.91

Extent of 'below
investment grade'
securities
(4)
0.00
0.00
0.00
0.00

Extent
of 'unrated'
securities
(5)
143.06
0.00
0.00
38.46
(` ` in cr)

Extent of
'unlisted'
securities
(6)
260.62
4.13
0.00
38.46
19.33
19.33
0.00
18.28
18.28
287.49
287.49
0.00
0.00
0.00
7714.97
5800.71
0.00
199.80
321.49
. . Issuer
Sl. (1)
No.
Amount
(2)

Extent
of private
placement
(3)
1
2
3
4
5
2038.06
3610.54
1095.28
664.27
6
7
8
9
.
a.
PSUs
Fls
Banks
Private Corporate
/
Subsidiaries/ Joint Ventures
Others

Sub Total
:
Less: Provision held towards depreciation
Total*
- -
Non-performing Non-SLR Investments:
124.41
7590.56
(` ` in cr)
Particulars
Opening balance
Additions during the year

Reductions during the year
Closing Balance
Total provisions held
2013-14
102.81
51.27
43.86
2012-13
53.65
49.16
0
110.22
110.22
102.81
102.81

SCHEDULES
... /
i. ... ...
/ / 5% .
ii.
` 59.91 ( ` 26.36 ) 17.3
.
.
iii.
.
` 35.61
( ` 28.99 )

.
iv. ` 19.33 (
` 48.32 ) . ` 18.28 (
` 46.92 )
.
.
v. ,
(. ...) 02, 2013
.
31.03.2013 . ... /
` 28.99 .
18.7 Derivatives:
. /
a. Forward Rate Agreement/ Interest Rate Swap
Sale and Transfers to/ from HTM Category

i. The value of sales and transfer of securities to/from HTM category
did not exceed 5% of the Book Value of investments held in HTM category
at the beginning of the year
ii. The Bank has amortized premium of ` 59.91 cr during the year
(Previous year `26.36 cr) for securities classified under Held to Maturity
category in terms of Accounting Policy as stated at para 17.3, and the
said amount has been charged to Profit and Loss Account by reducing
value of the respective securities to that extent.
iii. In accordance with the guidelines issued by RBI, the Bank has
shifted securities from one category to another during the year. The
consequential depreciation amounting to ` 35.61 cr (previous year
` 28.99 cr) on account of shifting securities from Available for Sale
category to Held to Maturity category has been charged to Profit & Loss
Account by reducing book value of these securities.
iv The Bank has investment of `19.33 cr (Previous year ` 48.32 cr)
in one Regional Rural Bank (RRB) sponsored by the Bank (Previous
year two RRBs). This includes Investment of `18.28 cr (Previous Year
`46.92 cr) by way of Share Capital deposits, towards recapitalisation of
the RRBs. Investment has been valued at cost in accordance with the
RBI guidelines.
Durg Rajnandgaon Gramin Bank (DRGB) sponsored by The Bank has
been amalgamated with Chhattisgarh Rajya Gramin Bank under the
sponsorship of State Bank of India w.e.f. September 02, 2013 pursuant
to GOI notification. Banks Investment of ` 28.99 cr by way of share
capital deposit /application money in DRGB as on 31.03.2013 has been
transferred during the year at cost.
. Particulars
Sr No
i

The notional principal of swap agreements
ii
, Losses which
would be incurred if counter parties failed to fulfill their obligations under the agreements
iii

Collateral required by the bank upon entering into swaps
iv
Concentration of credit risk arising from the swaps
v

The fair value of the swap book
.
b. Exchange Traded Interest Rate Derivatives:
..
Particulars
S. No.
(i)

Notional principal amount of exchange traded interest rate derivatives undertaken during the year.
(ii)

Notional principal amount of exchange traded interest rate derivatives outstanding.
31.03.2014
31.03.2013
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
2013-14
2012-13
Nil
Nil
Nil
Nil

SCHEDULES
(iii)
(iv)
" "
Notional principal amount of exchange traded interest rate derivatives outstanding and not "highly
effective "
" "
Mark-to-market value of exchange traded interest rate derivatives outstanding and not "highly effective
"
.
i.
,
, ,
,
.
, ,
.

. .., ..,

.
.... . ,
......
.
ii. Quantitative Disclosure
(ii)
(iii)
(iv)
(v)
Nil
Nil
Nil
e. Disclosures on risk exposure in derivatives:

i. Qualitative Disclosure
The Treasury Policy & Derivative Policy of the Bank lays down the type
of financial derivates instruments, scope of usages, approval process as
also the limits like the open position limits, deal size limits and counter
party exposure limits besides delegated power for trading in the approved
instruments.
Bank is exposed to credit risk, market risk, country risk and operational
risk. Bank has risk management policies approved by the Board of
Directors which is designed to measure the financial risks for transactions
in the trading book on a regular basis. The Risk Management Department
measures the financial risk for transactions on a daily basis through
measurement tools such as MTM, VaR, Convexity and Modified Durations.
The reports are submitted to the Top Management which appraises the
risk profile to the ALCO. The guidelines issued by RBI, FEDAI & FIMMDA
from time to time are followed.
.
Sr. No Particulars
(i)
Nil
( ) 31 ,2014
Derivatives (Notional Principal Amount) outstanding as on 31st March,2014
a) For hedging
b) For trading

Marked to Market Positions
a) Asset (+)
b) Liability (-)
Credit Exposure
(100* ..01)
Likely impact of one percentage change in interest rate (100*PV01)

on hedging derivatives
b)
on trading derivatives
100* ..01
Maximum and Minimum of 100*PV01 observed during the year
a) on hedging
b) on trading

Currency
Derivatives

Interest rate
derivatives
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL

SCHEDULES
1. ` 44,551.01
31 2014
` 10,096.74 ` 34,454.27 .
2.
01 .
1 , 2013 31 , 2014 01 ` 0.92
` 1.80 31 , 2014 01 ` 0.92 .
18.8
.
1. However, Forward Exchange Contracts both Merchant and Inter Bank

were outstanding to ` 44,551.01 cr out of which ` 10,096.74 cr were for
merchant, hedging, funding and ` 34,454.27 cr were for Trading as on
31st March 2014.
2. Bank is calculating PV01 of outstanding Forward Exchange Contract
on quarterly basis collectively on hedging and trading positions. Minimum
PV01 for ` 0.92 cr, Maximum PV01 for ` 1.80 cr was observed during the
period from 1st April 2013 to 31st March 2014 and on 31st March 2014
PV01 for ` 0.92 cr was observed.
18.8 Asset Quality:
a. Non Performing Assets:
(` ` in cr)
Particulars
2013-14
2012-13
2.35%
1.39%
Opening Balance
1452.45
956.50

2419.86
1119.79

1256.28
623.84
Closing Balance
2616.03
1452.45
Opening Balance
917.18
571.73

1445.66
684.59
543.92
339.14
1818.92
917.18
Opening Balance
518.51
382.45

Add: Provisions made during the year
733.12
373.33
: /
Less: Write off / write back of excess provisions during the year
478.85
237.27
Closing balance
772.78
518.51
i. (%)
Net NPA to Net Advances (%)
ii. - ()
Movement of NPAs (Gross)
iii. -
Movement of Net NPAs

Closing Balance
iv. - ( )
Movement of Provision for NPAs (excluding provision on standard Assets)

SCHEDULES
.
b. Particulars of Accounts Restructured:
.
S. Type of Restructuring

Asset Classification Details
1 1
( )
Restructured Accounts as on
April 1 of the FY (opening
figures) *
2
Restructuring during the year
3

Upgradations to restructured
standard category during
the FY
4
..
/

..

.
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
5 ..

Downgradations of
restructured
accounts during the FY
(` ` in crs)
...
...
CDR Mechanism
Under SME Debt Restructuring Mechanism
Others
Standard Doubtful Loss Total Standard Doubtful Loss Total Standard Doubtful Loss Total Standard
Sub-Std
Sub-Std
Sub-Std
Sub-Std
.
21
0
1
0
22
32
140
126
26 324
498
558
611
78 1745
551
698
No of borrowers

984.63
0
0.11
0 984.74 168.33 18.68 16.03 0.39 203.43 3594.97 127.42 80.73 0.73 3803.85 4747.93 146.10
Amt O/s
.
78.84
0
0
0 78.84
1.65 0.06
0.04
0 1.75 52.71 10.82
0.73
0 64.26 133.20 10.88
Provision thereon
.
14
0
0
0
14
26
0
0
0
26
69
0
0
0
69
109
0
No of borrowers

1374.85
0
0
0 1374.85 86.55
0
0
0 86.55 974.38
0
0
0 974.38 2435.78
0
Amt O/s
.
132.01
0
0
0 132.01
1.83
0
0
0 1.83
7.66
0
0
0 7.66 141.50
0
Provision thereon
.
0
2
-2
0
62
-51
-11
0
64
-53
No of borrowers

0
0.40 -0.40
0
3.72 -3.45 -0.27
0
4.12 -3.85
Amt O/s
.
0
0
0
0
0
0
0
Provision thereon
.
-1
0
0
0
-1
-6
0
0
0
-6
-1
0
0
0
-1
-8
0
No of borrowers

-31.44
0
0
0 -31.44 -51.62
0
0
0 -51.62 -70.35
0
0
0 -70.35 -153.41
0
Amt O/s
.
-2.93
0
0
0 -2.93 -0.09
0
0
0 -0.09
-1.01
0
0
0 -1.01
-4.03
0
Provision thereon
.
-2
1
1
0
0
-18
18
0
No of borrowers

-106.07 35.57 70.50
0
0 -53.84 53.84
0
Amt O/s
.
-2.75 2.75
0
0
0
0
0
0
Provision thereon
6 .. .
0
0
0
0
0
0
0
-1

No of borrowers
Write-offs of restructured

0
0
0
0
0
0
0
-2.43
accounts during FY
Amt O/s
.
0
0
0
0
0
0
0
0
Provision thereon
7 .. 31 .
32
1
2
0
35
36
156
125
( )
No of borrowers
Restructured Accounts as on
2221.97 35.57 70.61
0 2328.15 149.82 72.12 13.60
March 31 of the FY (closing Amt O/s
figures*)
0.04
.
205.17 2.75
0
0 207.92
3.39 0.06
Provision thereon
* ( ) .
* Excluding the figures of Standard Restructured Advances which do not attract higher provisioning or risk weight (if applicable)
** .
** Accounts closed during the year through recovery have been excluded in opening balances.
-223
-407
Total

Doubtful Loss
738
Total
104
2091
96.87
1.11 4992.01
0.77
0 144.85
109
0 2435.78
0 141.50
-11
-0.27
-8
0 -153.41
-4.03
580
51
-413.97 225.94 187.98
1.98
579
51
0 -254.06 136.53 117.48
1.98
-6.46
2.68
3.78
-9.21
5.43
3.78
-1
-1
-3
-4
-1
-4
-5
-2.43
0 -10.11
-58.80
0 -68.91
0 -10.11
-61.23
26
343
405
99
1176
129
1809
473
256
1303
155
2187
0.39 235.93 4248.66 250.39 139.14

0
3.49
52.90
13.50
4.51
-243
-388
2.71 4640.90 6620.45 358.08 223.35

0
70.91
261.46
16.31
4.55
0 -71.34
3.09 7204.97
0 282.32

SCHEDULES
. /
c. Details of Financial assets sold to Securitisation /Reconstruction Company for Asset Reconstruction:
(` ` in cr)
Particulars
2013-14
2012-13
i.
No. of accounts
40
1
ii.
../.. ( )
187.21
4.10
Aggregate value (net of provisions) of accounts sold to SC/RC
7.58
iii.
Aggregate consideration
260.49
Nil
iv.

Nil
Additional consideration realized in respect of accounts transferred in earlier years
73.28
v.
(... )*
3.48
Aggregate gain over net book value(NBV)*
*... ` 24.08 ( ` 1.37 )

*In view of the aggregate gain over NBV, the provision held, at the time of sale, amounting to `24.08 cr (previous Year ` 1.37 cr) is to be retained as
excess provision.
. / -
d. Details of non-performing financial assets purchased/sold
i. - Details of non-performing financial assets purchased:
(` ` in cr)
2013-14
2012-13
No. of accounts purchased during the year
Nil
Nil
Aggregate outstanding
Nil
Nil
, Of these, number of accounts restructured during the year
Nil
Nil
ii. - Details of non-performing financial assets sold
Nil
Nil
Particulars
(` ` in cr)
2013-14
2012-13
No. of accounts sold
Nil
Nil
Nil
Nil
Aggregate consideration received
Nil
Nil
Particulars
(...)
56.54%
. RBI2009-10/240 DBOD.No.BP.
BC.64/21.4.048/2009-10 01.12.2009 . ...
21, 2011 ... . .... ....
.87 /21.04.048 /2010-11 ` 566.22
.
e. Provision Coverage Ratio (PCR)

As on Balance Sheet Date Provision Coverage Ratio is 56.44%
calculated as per RBI circular no. RBI2009-10/240 DBOD.No.BP.
BC.64/21.4.048/2009-10 dated 01.12.2009. In terms of RBI circular
no. DBOD.No.BP.BC. 87 /21.04.048 /2010-11 April 21, 2011 on PCR,
shortfall of ` 566.22 cr in Countercyclical Provisioning Buffer, is to be built
up by the Bank at the earliest.

SCHEDULES
18.9 Provision for Standard Assets:
(` ` in cr)
2013-14
2012-13

Provision for Standard Assets made during the year
155.81
102.51

Balance of Provision for Standard Assets as on the Balance Sheet Date
509.53
353.72
2013-14
2012-13
i.
Interest Income as a percentage to Working funds
9.15%
9.39%
ii. Non-Interest Income as a percentage to Working funds
0.84%
0.69%
iii.
Operating Profit as a percentage to Working Funds
1.63%
1.83%
iv. Return on Assets
0.51%
0.86%
v. ( ) (` )
Business (Deposits plus advances) per employee (` in crore)
14.53
14.31
4.25
7.31
Particulars
18.10 Business Ratios:

Particulars
vi. (` )
Profit per employee (` in lacs)
18.11 Asset Liability Management:

Maturity pattern of certain items of assets and liabilities:
(` ` in cr)
Particular
2 7
Day
2 to
1
7days
8 14
8 to 14
days
15 28 29
3
15 to 28 29 Days
Days
to 3
Months
Deposits
131.02 4257.08
2407.18
1175.87 12999.34
Borrowings
0.00 1029.48
51.51
157.43
527.75
414.49
Advances
3 6 1 3
6 12 3 5

Over 3 Over 6 Over 1 Over 3
Months Months Year and Year and
and upto and upto
upto 3
upto 5
6 Months
1 Year
Years
Years
8544.69 27759.87 49302.17
194.28
0.00
306.00
Total
1191.38 110027.69
2480.00
5160.93
1574.96
797.05
925.63
166.71
2015.77
2515.18
0.99
521.59
63.86
438.75
1713.30
240.42
972.80
4796.81

Foreign Currency Assets
302.99
4.62
3.22
13.65
15.82
144.84
117.48
178.25
170.68
0.00
951.55
Foreign
Currency Liabilities
180.78
116.69
96.19
318.24
749.66
693.67
299.41
115.73
0.00
0.00
2570.37
Investments
3852.57 45340.41
2259.09
Over 5
Year
8723.87 11641.61 77553.77

8062.68 19800.87 36612.07

SCHEDULES
18.12 Exposures:
.
a. Exposure to Real Estate Sector:
(` ` in cr)
Category
.
a. Direct Exposure
i. Residential Mortgages
- Individual Housing Loans eligible for
inclusion in priority sector
- Others
Total
ii. [..+.. .] Commercial Real Estate [FB+NFB]
iii (...)
Investment in Mortgage Backed Securities (MBS) and other securitised exposure
.
a. Residential
.
b. Commercial real estate
. (...) (...)
b. Indirect Exposure on National Housing Bank (NHB) and Housing Finance Companies(HFCs)
- Fund Based
- - Non Fund Based

Total Exposure to Real Estate Sector
2013-14
2012-13
2889.02
2584.50
2327.40
5216.42
1167.71
1563.54
4148.04
1096.20
0.00
0.00
0.00
0.00
2689.07
0.00
1852.57
0.00
9073.20
7096.81
. :
b. Exposure to Capital Market:
(` ` in cr)
1
/ ,
.
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 and convertible debentures, units of equity oriented
mutual funds

.
Advances for any other purposes where convertible shares or convertible bonds or convertible debentures or
units of equity oriented mutual funds are taken as primary security;

/ / /
.
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;
2013-14
2012-13
106.33
103.61
0.00
0.00
0.22
0.29
0.00
0.00

SCHEDULES
5
.
Secured and unsecured advances to stockbrokers and guarantees issued on behalf of stockbrokers and
7.53
9.00
market makers
6 //
.
2.50
1.00
Loans sanctioned to corporate 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;
7 / .
0.00
0.00
Bridge loans to companies against expected equity flows/issues;
8
.
0.00
0.00
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;
9 . (-)
9.00
0.00
Financing to stockbrokers for margin trading; (Non Fund)
10 ( ) .
( ) .
All exposures to Venture Capital Funds (both registered and unregistered) will be deemed to be on par with
34.68
27.33
equity and hence will be reckoned for compliance with the capital market exposure ceilings (both direct and
indirect)
Total Exposure to Capital Market
160.26
141.23
18.13 Risk Category wise Country Exposure:
18.13 Risk Category wise Country Exposure:
a. In respect of Foreign Exchange transactions, where the Banks net
. ,
funded exposure computed as per the guidelines of the RBI with each
,
country exceeded 1% of the total assets of the Bank, the Bank is required
1% .
to make the provision. Since, Banks net funded exposure in any country
1 % ,
does not exceed 1% of total assets, no provision (Previous year Nil) is
made.
( ) .
(` ` in cr)

Risk Category*
2014 ()
Exposure (net) as at
March 2014
Insignificant
549.63
Low
1049.16
Moderate
88.65
High
0.39
Very High
13.20
Restricted
0.00
Off-credit
0.06
Total
1701.09
2014 2013 ()
Provision held as at
Exposure (net) as at
March 2014
March 2013
0.00
1087.41
0.00
1217.53
0.00
82.83
0.00
37.58
0.00
1.35
0.00
0.00
0.00
0.46
0.00
2427.16
. (...)/ (.
..)
2013-14 ,
. .... (
) ` 737.31
` 888.08 . ` 150.77
.
2013
Provision held as at
March 2013
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
b. Details of Single Borrower Limit (SGL), Group Borrower Limit (GBL)

exceeded by the Bank
During the year 2013-14, the Bank has exceeded prudential credit
exposure limit based on capital funds in case of Dewan Housing Finance
Limited wherein the aggregate exposure was ` 888.08 cr as against the
prudential exposure limit for NBFC (Housing Finance Companies) single
borrower of ` 737.31 cr, thereby exceeding ` 150.77 cr.

SCHEDULES
18.14 Unsecured Advances
(` ` In cr)
.No.
Particulars
1.
31.03.14 Total Unsecured Advances as of 31.03.14
2a
Out of which secured by intangible securities
( , , ) Estimated
2b
Value of Such Collateral Securities (such as charge over the rights, licenses, authorization etc)
3
Other Unsecured Loans (1 -2a)
18.15
Disclosure of penalties imposed by RBI
... ` 2.00 .
Penalty of ` 2.00 cr on account of KYC Non compliance is imposed by Reserve Bank of India during the year.
18.16 :
Details of Provisions and Contingencies debited to the Profit and Loss Account during the year:
31-03-2014
9641.06
0.00
31-03.2013
8443.78
0.00
0.00
0.00
9641.06
8443.78
(` ` in cr)
. . Particulars
Sr. No
(i)
-
Provision for Non Performing Assets
(ii)
/
Provision for Income Tax/ Wealth Tax
(iii)
/ () ()
Deferred Tax Liability/ (Assets) (Net)
(v)

Provision for Standard Assets
(vi)
..
Provision for Sacrifice in NPV on restructured accounts
(vii)
...
Provision For FITL
(viii)
Provision for Depreciation on Investments
(ix)

Contingent liabilities
(x)
...
Provision for Sales of NPA
(xi)
Others
Total
18.17 / :
. 115 .. ` 269.96
1961 115 ... ` 238.26
. .
2013-14
2012-13
733.16
373.33
31.96
468.01
(325.65)
(245.97)
155.81
102.51
138.17
71.20
156.12
98.75
338.35
53.17
(8.39)
(11.64)
0.00
0.00
2.84
19.12
1222.37
928.48
18.17 Amount of Provisions made for Income Tax /MAT during the year:
a. The Bank has recognized Income Tax liability of ` 269.96 cr on Book
Profits in terms with Section 115JB of the Income Tax Act out of which
MAT credit of ` 238.26 cr as MAT Credit entitlement u/s 115JAA of the
Income Tax Act, 1961 has been recognized. The MAT credit entitlement
is treated as an asset.

SCHEDULES
.
Amount of provision made for Income-tax during the year;
(` ` in cr)
Particulars
/
Provision for Income-tax/ Wealth Tax for the year
/ : / ( )
Add/Less: Provided for/(Written back) for earlier years
Net Amount
31.03.2014
31.03.2013
31.96
557.12
0.00
-89.11
31.96
468.01
18.18 1/3 (... ) , .

18.18 Premises include 1/ 3rd share in a property [SPBT College Mumbai] jointly owned by the Bank with Central Bank of India, as under:
(` ` in cr)
31.03.2014
2.36
1.23
1.12
Bank's share
Cost
Accumulated Depreciation
Written Down Value
2012-13
31.03.2014 ` 54.97
( ` 57.36 ) .
18.19 i) Customer complaints:
Sr
Particulars
)
a)
)
b)
)
c)
)
d)

No. of complaints pending at the beginning of the year

No. of complaints received during the year

No. of complaints redressed during the year

No. of complaints pending at the end of the year
31.03.2013
2.36
1.15
1.21
The property belonging to the Bank was revalued during the year 201213 and written down value of the revalued property as on 31.03.2014 is
`54.97 cr. (Previous Year `57.36 cr).
General
.../
/
ATM/Debit Card/
Internet Banking
2
110
Total
112
1733
25757
27490
1675
25265
26940
60
602
662
ii) Awards passed by the Banking Ombudsmen :

)
a)
)
b)
)
c)
)
d)

No. of unimplemented awards at the beginning of the year

No. of awards passed by Banking Ombudsmen during the year

No. of awards implemented during the year

No. of unimplemented awards at the end of the year
0
1
1
0

SCHEDULES
18.20 2013-14 ` 4608.93 /
18.20 The advances covered by Bank/ Govt. Guarantee amounting to
` 4608.93 cr [shown in Schedule 9 Para B (ii)] include `2738.71 cr
[ 9 (ii) ]
[Previous Year ` 2955.52 cr] guaranteed by various State Governments
` 2738.71 [ ` 2955.52 ] .
for F.Y 2013-14.
18.21 (. .)
18.21 DISCLOSURES AS PER ACCOUNTING STANDARDS (AS):
a. Accounting Standard - 5 ``Net Profit or Loss for the Period,
. - 5 - ,
Prior Period Items and Changes in Accounting Policies

There were no material prior period income/expenditure items requiring
/ .. 5
disclosure under AS-5.
.
b. Accounting Standard - 9 ``Revenue Recognition
. 9 -
Certain items of income are recognised on realization basis as per
.17.6..
Accounting Policy as stated at point no. 17.9.
.
In view of amendment in Section 26A of Banking Regulation Amendment
2012, 2013 . 4 26
Act.2012 No4 of 2013 unclaimed credit balances lying in suspense

receipt accounts for more than five years are not being considered as
( . 17.9 (iv))
miscellaneous Income (refer policy no 17.9(iv)).
c. Accounting Standard - 10 `Àccounting for Fixed Assets
. 10 -
Premises
include ` 16.95 cr (Previous Year ` 9.86 cr) in respect of a
` 16.95 ( ` 9.86 )
property purchased during the year, for which the documents are pending
, .
for registration.
Costs towards procurement of HRMS package amounting to ` 15.98 cr
.... ` 15.98
has
been accounted as software under implementation as the software is

under implementation and is yet to be commissioned
.
d. Accounting Standard - 11 ``The Effects of Changes in Foreign
. 11 -
Exchange Rates
` 74.93 ( ` 88.85
Net income on account of exchange differences credited in the Profit and
) .
Loss account for the year is ` 74.93 cr (previous year: `88.85 cr).
e. Accounting Standard - 15 `Èmployee Benefits
15 -
The following information is disclosed in terms of Accounting Standard
....
issued by the ICAI.
.
No Particulars
2014
2013
2012
2011
2010
A
PENSION PLAN
(i)
.
Principal Actuarial Assumptions used
Discount Rate
8.75%
8.00%
8.50%
8.50%
8.00%
.
Rate of Return on Plan assets
9.00%
8.00%
8.50%
8.50%
8.00%
Salary escalation
5.00%
5.50%
5.00%
4.00%
4.00%
(ii)

Change in Benefit Obligation:
1761.94 1695.29 1667.63
860.53
794.90
. Liability at the beginning of the year
Interest Cost
149.98
129.02
135.26
64.93
61.34
Current Service Cost
202.02
200.88
23.51
228.04
8.88
Benefit paid
[190.88] [165.09] [152.77] [193.22]
[74.14]
() / . Actuarial (gain)/loss on obligation
[5.12]
[98.16]
21.66
707.35
69.55
Liability at the end of the year
1917.94 1761.94 1695.29 1667.63
860.53
(iii)
Fair value of Plan Assets:
Fair value at the beginning of the year
1606.82 1443.55 1283.72
802.26
782.29
. Expected return
144.61
115.48
109.12
68.19
61.86
Contributions
183.54
176.22
210.65
151.14
28.00
Benefit Paid
[190.88] [165.09] [152.77] [193.22]
[74.14]
/ () Actuarial Gain/(loss) on Plan Assets
23.34
36.66
[7.17]
455.35
4.25
Fair Value at the end of the year
1767.44 1606.82 1443.55 1283.72
802.26

SCHEDULES
(iv)
Amount recognized in the Balance Sheet:


Fair value of Plan Assets at the end of the year
. Unrecognized Transition Liability
Amount Recognized in the Balance Sheet
1917.94
1767.44
1761.94
1606.82
1695.29
1443.55
1667.63
1283.72
860.53
802.26
70.80
[79.70]
0.00
[155.12]
0.00
[251.74]
287.35
[96.56]
8.41
[49.86]
8.75%
9.00%
5.00%
8.00%
8.00%
5.50%
8.50%
8.50%
5.00%
8.50%
8.50%
4.00%
8.00%
8.00%
4.00%
Change in Benefit Obligation:

. Liability at the beginning of the year
Interest Cost
Past Service Cost
Benefit paid
/ () Actuarial (gain)/loss on obligation
311.12
25.85
17.06
0
[47.68]
[28.59]
277.76
295.19
22.03
15.69
0.00
[39.69]
17.90
311.12
277.94
21.65
14.00
0.00
[46.49]
28.09
295.19
222.59
17.22
11.64
79.96
[40.12]
[13.35]
277.94
235.15
18.82
8.82
0.00
[17.40]
[22.80]
222.59
Fair value of Plan Assets:

Fair value at the beginning of the year
Expected return
Contributions
Benefit Paid
/ () Actuarial Gain/(loss) on Plan Assets
Fair Value at the end of the year
276.03
24.84
57.10
[47.68]
[0.47]
309.82
232.20
18.58
60.01
[39.69]
4.93
276.03
229.12
19.48
15.00
[46.49]
15.09
232.20
222.59
18.92
30.00
[40.12]
[2.27]
229.12
215.13
16.58
0.87
[17.40]
7.41
222.59
277.76
309.82
311.12
276.03
295.19
232.20
277.94
229.12
222.59
222.59
0.00
16.00
48.06
0.00
0.00
[35.09]
0.00
0.00
[62.99]
2.00
68.83
18.01
0.00
9.73
9.73
GRATUITY PLAN
(i)

Principal Actuarial Assumptions used
Discount Rate
. Rate of Return on Plan assets
Salary escalation
(ii)
(iii)
(iv)
Amount recognized in the Balance Sheet:


Fair value of Plan Assets at the end of the year
Unrecognized Cost
. Unrecognized Transition Liability
Amount Recognized in the Balance Sheet

SCHEDULES

Amounts Recognized in Profit & Loss Account in respect of Gratuity and Pension plan for Current Year
(` ` in cr)
. Particulars
Sr no.
Gratuity
Pension
(i)
Recognition of Transitional Liability
Transitional Liability at start
31.99
141.58
Transitional Liability recognized during the year
15.99
70.78
Transitional Liability at end
16.00
70.78
(ii)
Actual return on Plan Assets
Expected return on Plan Assets
24.84
144.61
Actual gain/(loss) on Plan Assets
[0.47]
23.34
Actual return on Plan Assets
24.37
167.95
(iii) Expenses recognized in the Income Statement:
17.06
202.02
Interest Cost
25.85
149.98
Expected Return on Plan assets
[24.84]
[144.61]
Shortfall of earlier years now provided
0.00
0.00
Recognition of Transitional Liability
15.99
70.78
Actuarial (Gain) or Loss
[28.12]
[28.46]
Expenses Recognized in P&L
5.94
249.71
th
Details of Provisions (including 1/5 of transitional liability, on account of
(
second
pension option in case of existing employees and enhancement

in
gratuity
limit) made for various long term employee benefits are as

follows:
1/5 ) :
(` ` in cr)
.
Sr. No.
1
2
3
4
5
6
7
Particulars
Pension
.Leave encashment
Gratuity
Silver Jubilee
Resettlement
Leave Travel Concession
Sick Leave
TOTAL
i) , ,
15 ()

ii) . .... . ....80/ 21.04.018/
2010-11
: -
09 2011 31.03.2013 ` 173.56
` 86.78 (` 433.88 1/5 )
. ` 86.78 (
` 70.79 ` 16 ) .
2013-14
2012-13
249.71
-18.97
5.94
0.02
0.71
1.96
0.25
239.62
150.39
6.42
48.11
0.01
0.15
2.82
1.00
208.90
i) Provision has been made for Employees Benefits viz; Pension, Gratuity,
Leave Encashment and other Employees benefits in accordance with AS15 on the basis of actuarial valuation.
ii) In terms of the requirements of RBI circular no DBOD.No. BP.BC.80/
21.04.018/2010-11 on Re-opening of Pension Option to Employees of Public
Sector Banks and Enhancement in Gratuity Limits - Prudential Regulatory
Treatment dated 9th February, 2011, the Bank has amortized an amount of
`86.78 cr (representing 1/5th of `433.88 cr) out of the unrecognized amount
of `173.56 cr as on 31.03.2013. The balance amount carried forward i.e.
`86.77 cr (Pension `70.78 cr plus Gratuity ` 15.99 cr).

SCHEDULES
iii)
` 96 (
` 40 ) .
. 17 -
-17 ,
/
,
.

Business Segment
Particulars
Treasury

Current Previous
year
year
2945.96 2297.89
-299.75
206.54
/
Corporate/ wholesale
Banking

Current Previous
year
year
5680.01 5405.64
911.25 1046.75
iii) An Adhoc provision of ` 96 cr (Previous Year ` 40.00 cr) towards

the proposed wage revision for the current year due from November
2012 has been made on estimated basis pending settlement between
Indian Banks Association and Trade Unions.
f. Accounting Standard - 17 - ``Segment Reporting
As per the Reserve Bank of India revised guidelines on Accounting
Standard -17, the Banks Operations are classified into Primary Segment,
i.e., the business segment comprising of ``Treasury, ``Corporate/
Wholesale Banking, ``Retail Banking and `Òther Banking Operations
as follows:
(` ` in cr)
Retail

Total
Banking
Other Banking
Operations

Current Previous Current Previous Current Previous
year
year
year
year
year
year
2064.05 1667.67
205.18
183.65 10895.20 9554.85
295.14
250.57
181.13
151.02 1087.77 1654.88
829.81
622.46
Revenue
Result

Unallocated Expenses

257.96 1032.42
Operating Profit
Income Taxes
-293.70
222.04
/
0.00
0.00
Extraordinary Profit/Loss
Net Profit
551.66
810.38
Segment
43462.91 44051.85 56617.00 48343.59 21988.10 18384.67
391.40
503.58 122459.41 111283.68
Assets

2404.07 2156.74
Unallocated Assets
Total Assets
124863.48 113440.42

43462.91 44051.85 52740.34 44724.25 20986.05 17810.28
16.08
619.47 117205.38 107205.85
Segment Liabilities

7658.11 6234.58
Unallocated Liabilities

124863.49 113440.43
Total Liabilities
() .
The Bank does not have any secondary (geographical) segment.
Notes:
:
1) Segment Results are after adjustment on account of Inter Segment
1)
Cost, which has been considered on the basis of Transfer Price
,
mechanism decided by the Bank.
.
2) Assumed Inter Segment Assets, Liabilities and Revenue have been
2) , .
ignored.
3)
3) Treasury Operations consist of entire treasury investment portfolio of
.
the Bank.
4)
Unallocated liabilities include Capital and Reserves.
4) .

SCHEDULES
. - 18 - ``
g. Accounting Standard- 18 ``Related Party Transactions
/ Items/Related
Party
Borrowings
Deposit
Placement of
deposits
Advances
Investments
- Non-funded
commitments
/ ..
Leasing/HP arrangements
availed
/ ..
Leasing/HP arrangements
provided
Purchase
of fixed assets
Sale of fixed
assets
Interest paid
Interest received
Rendering of
services
Receiving of services
Management
contracts
Remuneration
& Dues
(
)
Parent (as per
ownership or
control)
0.00
0.00
0.00
Subsidiaries
/

Associates/ Key
Joint ventures
Management
Personnel
0.00
0.00
0.00
0.00
1007.50
0.00
0.00
0.00
0.00

Relatives of Key
Management
Personnel
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
211.11
104.50*
100.00**
0.00
0.00
0.00
211.11
104.50**
100.00*
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
88.09
1.02
0.00
0.00
0.00
0.00
0.00
0.00
0.00
88.09
1.02
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

Referred
separately in the
below table
0.00
0.00
* .... .... ` 100

DGGB has participated in IBPC issued by Dena Bank for ` 100.00 cr.
** ... .... ` 100
Dena Bank has participated in IBPC issued by DGGB for ` 100.00 cr.
Total
0.00
1007.50
0.00

SCHEDULES
Key Management Personnel
Name
Designation

Shri Ashwani Kumar
CMD

Smt Trishna Guha
ED
. .

Shri R K Takkar
ED
. .

Shri A K Dutt
ED
(upto 31.01.2014
)

Smt Nupur Mitra
Chairperson & MD
(upto 31.12.2012
)
Item
Period
Salary
Emoluments & Incentives
Salary Emoluments
Salary Emoluments
Salary
Emoluments & Incentives
Incentives
01.04.2013 to
31.03.2014
05.08.2013 to
31.03.2014
01.02.2014
to 31.03.2014
01.04.2013 to
31.01.2014
01.04.2012
to
31.12.2012
(` )
Amount
(in `)
23,53,000
(` )
Loan Amount
(in `)
NIL
11,96,000
11,57,000
2,47,000
8,45,000
17,39,000
NIL
4,50,000
NIL
. 20 - ``
h. Accounting Standard 20 `Èarnings per Share
Earning Per Share
(`)
EPS Basic & Diluted (`)
(` )
Net Profit as per Profit & Loss Account Considered as numerator (` in crore)

Weighted average number of Equity share considered as denominator
(`)
Nominal value of share (`)
. 21 - (...)
, :
.
. 22 -
`
22 ,
.
31 2014 ` 521.06 ( ` 262.36 )

31.3.2014
14.40
31.3.2013
23.15
551.66
810.38
38,30,34,538
35,00,58,527
10/-
10/-
i. Accounting Standard 21 - ``Consolidated Financial

Statements(CFS)
The Bank is not having any subsidiaries, within the meaning of this
Standard; therefore, this Accounting Standard does not apply.
j. Accounting Standard 22 - `Àccounting for Taxes on Income
The Bank has complied with requirements of `ÀS-22 issued by ICAI
and accordingly, deferred tax assets and liabilities are recognized.
The net balance of Deferred Tax Asset as on 31st March 2014 amounting
to `521.06 cr (Previous Year `262.36 cr) consists of the following:

SCHEDULES
(` ` in cr)
Deferred Tax Assets
/
Provision for NPAs / Bad Debts
Leave Encashment
...
Amortized premium on HTM securities
.
Provision for Depreciation on Investments
40 () () .
Expenditure disallowable under section 40(a)(ia)

Adhoc Provision on Wage Revision
/ (-)
Loss/ Profit (-) on unmatured Forward Forex contract
...
Provision for FITL
...
Provision for NPV on restructured accounts

Total Deferred Tax Assets
: Less: Deferred Tax Liabilities

Depreciation on Fixed Assets including software
36 (1) (viii) Amount of special reserve created
for infrastructure u/s 36(1)(viii)
Total Deferred Tax Liabilities
11 ( )
Net balance of DTA shown in the Schedule 11 (Other Assets)
20 , 2013 . .... .
...77/21.04.018/2013-14
1961 36(i) (viii)
(...) . ... , 31
, 2013 ... ` 66.96

.

, ` 66.96 .
` 99.20
(...) (31 , 2013 ` 52.23
` 46.97 ) .
` 99.20 .
, ,
/
. , ,
.../ ... .
2013-14
2012-13
262.67
176.24
34.79
66.20
41.24
43.19
0.00
-63.32
1.36
1.02
46.23
13.60
0.00
0.00
106.21
53.15
99.20
0.00
616.66
265.12
8.25
2.76
87.35
0.00
95.60
2.76
521.06
262.36
Pursuant to Reserve Bank of Indias (RBIs) Circular No. DBOD.No.BP.

BC.77/21.04.018/2013-14 dated 20th December 2013, the Bank has
created Deferred Tax Liability (DTL) on the Special Reserve under section
36(1)(viii) of the Income-tax Act, 1961. As required by the said RBI
Circular, the expenditure, amounting to ` 66.96 cr due to the creation of
DTL on Special Reserve as at 31st March, 2013, not previously charged
to the Profit and Loss Account, has now been adjusted directly from the
Revenue Reserves. Had this amount been charged to the Profit & Loss
Account in accordance with the generally accepted accounting principles
in India, the amount of Profit for year would have been lower by ` 66.96 cr.
During the year the Bank has created Deferred Tax Asset (DTA) of `
99.20 cr (` 52.23 cr upto 31st March, 2013 and the Balance of ` 46.97 cr
for the current year) on the provision for sacrifice in Restructured Assets.
Consequently, profit for the year is higher by ` 99.20 cr.
The Bank had been creating Deferred Tax Liabilities/ Deferred Tax
Assets on the provision for depreciation on Investments in earlier years
considering it as a timing difference. However, on the basis of expert
opinion obtained by the Management, DTL/DTA on the provision for

SCHEDULES
` 366.65
... 31 , 2013 ` 63.32
... . `
429.97 .
. 23 -

. 24-
.
. 28 :
.
. 29 - ,
depreciation on Investments has now been considered as a permanent

difference. As a result, the Bank has not created net DTL of ` 366.65 cr
on this account for the current financial year and has also reversed a net
DTL of ` 63.32 cr outstanding as at 31st March, 2013. Consequently,
profit for the year is higher by ` 429.97 cr.
k. Accounting Standard 23 - `Àccounting for Investments in
Associates in Consolidated Financial Statements
As on the Balance Sheet Date there is no such associate of the Bank.
l. Accounting Standard - 24 ``Discontinuing Operations
No operations have been discontinued in the Bank during the year.
m. Accounting Standard - 28 `Ìmpairment of Assets
In the opinion of the Management, there is no impairment to its assets.
n. Accounting Standard - 29 ``Provisions, Contingent Liabilities
and Contingent Assets
i. - Movement of Provisions for Liabilities

(` ` in cr)
/
Legal Cases / Contingencies
16.96
Particulars
31.03.2013
Total provision as on 31.03.2013

Provision during the year

Amounts used during the year

Reversed during the year
31 2014 Balance as at 31st March 2014
/
Timing of Outflow / Uncertainties

Reimbursement Expected
ii . -12 (i)
(v)
.
.
, ,
, , .
18.22 Floating Provision
0.10
5.11
3.42
8.53
Not Ascertainable
Not Ascertainable
ii.
Item Nos (I) to (V) of the Schedule - 12 of the Balance Sheet on

contingent liabilities, reflect the various types of contingent liabilities
categorized according to their nature. These amounts are estimated
on the basis of documents related to the basic contracts or claims
made. Outflow on account of these contingent liabilities would
depend upon the outcome of disposal of litigations by the respective
judicial authorities, execution of contracts, invocation of guarantees,
devolvement of LCs, settlement of claims etc.
Particulars

Opening Balance in floating provisions account
The quantum of floating provisions made in the accounting
year
Amount of draw down made during the accounting year
Closing balance in the floating provisions account
31.03.2014
31.03.2013
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL

SCHEDULES
18.23
1961 36(i) (viii)
(...) .
20 , 2013 . .... ....77/21.04.018/2013-14
... ` 66.96
.
18.24 (...)
1, 2013 31, 2014 ` 1608.21
616 / / .
31, 2014 / / ` 783.76
( ` 607.31 ) .
18.25 Bancassurance Business
` 8.27 ( ` 7.07 ) /
.
18.26 Concentration of Deposits
18.23 Draw Down from Reserve

The Bank has created Deferred Tax Liability (DTL) on the Special
Reserve under section 36(1)(viii) of the Income-tax Act, 1961. The
DTL created against opening Balance of Special Reserve amounting to
` 66.96 cr has been adjusted from Revenue Reserves during the year in
terms with the RBI circular no. DBOD.No.BP.BC.77/21.04.018/2013-14
dated 20th December 2013.
18.24 Disclosure of Letter of Comforts (LOCs) issued by the Bank
A total of 616 Guarantees/Letter of Comfort / Letter of Undertaking
amounting to ` 1608.21 cr have been issued in respect of Buyers Credit
during April 1, 2013 to March 31, 2014.
The outstanding Guarantees/ Letter of Undertakings/ Letter of Comforts
as of March 31, 2014 stood at `783.76 cr (Previous Year ` 607.31 cr).
18.25 Bancassurance Business
Bank has received ` 8.27 cr (Previous year ` 7.07 cr) as fees/commission
from bancassurance business.
(` ` in cr)
Particulars

Total Deposits of twenty largest depositors

Percentage of Deposits of twenty largest deposits to total deposits of the Bank
18.27 Concentration of Advances
2013-14
2012-13
19410.10
15972.11
17.64%
16.43%
(` ` in cr)
Particulars
Total Advances of twenty largest Borrowers
Percentage of Advances of twenty largest
Borrowers to total Advance of the Bank
18.28 Concentration of Exposure
2013-14
16675.34
17.29%
2012-13
12651.79
15.17%
(` ` in cr)
Particulars
/
Total Exposure of twenty largest borrowers/ customers
/ Total Exposure of Bank Borrowers / Customers
/ /
Percentage of Exposure to twenty largest borrowers/ customers to total Exposure of the Bank on borrowers/
customers
18.29 ... Concentration of NPA
2013-14
2012-13
17649.24
12651.79
104149.52
91071.48
16.95%
13.89%
(` ` in cr)
Particulars
..
Total Exposure to top four NPA Accounts
2013-14
426.09
2012-13
228.78

SCHEDULES
18.30 ... Sector wise NPA
Particulars
Agriculture & Allied activities

( ,
Industry (Micro & Small, Medium & large)
Services
Personal Loans
18.31 ... Movement of NPAs
..
Percentage of NPAs to Total Advances in that sector
2013-14
2012-13
4.26
4.43
4.45
2.20
4.39
2.02
4.22
1.18
(` ` in cr)
Particulars
01 ... ()
Gross NPAs as on 1st April of particular year (Opening Balance)
( ...)
Additions (Fresh NPA) during the year
- Sub Total - A
Less:
(i) Upgradations
(ii) ( ) Recoveries (excluding recoveries made from
upgraded accounts)
(iii) / Technical/ Prudential Write-offs
(iv) (iii) Write-offs other than those under (iii) above
- Sub Total - B
31 ... ( )
Gross NPAs as on 31st March of following year (closing balance) (A-B)
31.03.2014
1452.45
31.03.2013
956.50
2419.86
1119.79
3872.31
2076.29
361.05
416.38
159.13
227.44
359.75
119.10
1256.28
2616.03
234.24
3.03
623.84
1452.45
(` ` in cr)
Particulars
1 /
Opening balance of Technical/ Prudential written-off accounts as at April 1
: /
Add: Technical/ Prudential write-offs during the year
- Sub-total (A)
: / (B)
Less: Recoveries made from previously technical/
prudential written-off accounts during the year (B)
31 (A-B) #
Closing balance as at March 31 (A-B) #
# ` 209.31 (
` 11.80 ) (
)
31.03.2014
31.03.2013
1562.86
1380.38
359.75
234.24
1922.61
1614.62
153.68
39.96
1559.62
1562.86
# Closing Balance is net of the resultant write off of ` 209.31 cr ( previous

year ` 11.80 cr) ( The sacrifice incurred on account of settlement closure
of prudentially written off accounts)

SCHEDULES
18.32 ... Overseas Assets NPA & Revenue
(` ` in cr)
Particulars
Total Assets
.. Total NPAs
Total Revenue
18.33 . Bank has not sponsored any special purpose vehicle.
2013-14
Nil
Nil
Nil

Name of the SPV sponsored
Domestic
NIL
Overseas
NIL
. .
S. No. Particulars
1.
...
No. of SPVs sponsored by the bank for securitisation transactions
2.
3.
...
Total amount of securitised assets as per books of the SPVs sponsored by the bank
...
Total amount of exposures retained by the bank to comply with
a) Off-balance sheet exposures
First loss
Others
b) On-balance sheet exposures
First loss
Others
... Amount of exposures to securitisation transactions
a) Off-balance sheet exposures
i) Exposure to own securitizations
First loss
Loss
ii) Exposure to third party securitisations
First loss
Others
b) On-balance sheet exposures
i) Exposure to own securitisations
First loss
Others
ii) Exposure to third party securitisations
First loss
Others
. / `
No. / Amount in ` cr
NIL

SCHEDULES

.
18.34 2014 2768
. 2958 , 154
2804 ..
.
18.35 . ....
(.....) , 32 13
.
2014 94,78,248
. 29,22,544 .
18.36
2013-14 ` 116.73
... ` 6.75 .
./.. ... ` 0.35
. ...
.
18.37
: / : / : .
Credit Default Swaps

Bank does not have any exposure in credit default swaps.
18.34 Bank has been allotted total 2768 villages under Financial Inclusion
for coverage by March 2014. Against target, 2958 villages have been
covered of which 154 villages have been covered through Brick and
Mortar Branch and 2804 villages have been covered through BC model.
18.35 Aadhaar Enrolment under UIDAI:
Bank is Non State Registrar of Unique Identification Authority of India
(UIDAI). In 2nd phase, Bank has selected 32 Enrolment Agencies and
has been carrying out Aadhaar Enrolment through various Enrolment
Agencies in 13 states. Bank has enrolled 94,78,248 residents for Aadhaar
Number as of March, 2014. Out of which 29,22,544 enrolments are in
Gujarat State.
18.36 Procurement from Micro & Small Enterprises
The procurements made by the Bank from various vendors during the
financial year 2013-14 amounts to ` 116.73 cr. Out of this procurement
made from MSE amounts to ` 6.75 cr and out of which the procurements
made from MSE unit owned by SC/STs entrepreneurs amounts to ` 0.35
cr. The details are being published on the website of the Bank for the
benefits of MSEs
18.37 Previous years figures have been regrouped/reclassified/rearranged, wherever necessary, to make them comparable with the
current years figures.

31 , 2014 CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2014
( ` 000 ` 000 omitted)
31.03.2014 31.03.2013
Year Ended 31.03.2014
-I Part I - Cashflow from operating
activities
Net profit after tax
/ () Add / (Less) Non cash items and
items considered seperately:
5,516,601
8,103,824
1
2
Depreciation on fixed assets

(+) / (-) Profit (-) / Loss (+) on sale of fixed assets
545,572
7,554
412,832
7,508
Amortisation of premium paid on Investments
599,147
263,644
4
5
6
50,986
2,411,330
15,160,671
41,247
2,196,401
7,061,841
Amortisation of software expenses

Interest paid on long term loans
( / / ) Provision &
Contingencies (Other Than I/W /DTL)
... Provision for Income Tax & DTL
(2,939,700)
2,220,400
8
9
10
11
Provision for Wealth tax

Leave Encashment Actuarial valuation
Provision for Sick Leave
Prov. For Silver Jubilee Milestone Award
2,701
(189,700)
2,500
200
2,607
64,200
10,000
102
12
13
14
15
Provision for LFC

Provision for Resettlement service
Provision for Wage Revision
Misc. Liablity Written Back
19,600
7,100
960,000
0
28,200
1,500
400,000
(10,745)
Operating profit before Working capital changes

Adjustments for working capital changes :
1 ()/ (Increase)/Decrease in Investments
(26,962,356)
2
3
4
5
16,637,961
22,154,562
12,699,737
20,803,561
(113,949,898)
()/ (Increase)/Decrease in Advances

()/ (Increase)/Decrease in Other Assets
/() Increase/(Decrease) in Deposits
/()( ) Increase/(Decrease) in
Borrowings (Excl. Financing Activities)
6 /()Increase/(Decrease) in Other Liabilities
Cash Generated from operations
/( ) Income tax refund / (Direct tax Paid)
Net Cash flow from operating activities
II - Part II - Cashflow from investing activities
/ Investments in Subsidiaries and /or Joint ventures
(126,438,939)
(5,828,694)
128,205,370
(38,827,253)
289,906
( ) Purchase of fixed assets (Incl. intangible)
(1,204,617)
(815,889)
6,728
(159,860)
5,561
0
(6,905)
Sale of fixed assets

Software under implementation
Building under construction
Net Cash Used in Investment activities
2,136,343
(95,332,107)
(2,529,893)
200,403,538
36,827,082
(67,715,529)
(45,560,967)
121,274
(45,439,693)
(1,067,843)
(1,365,393)
24,053,329
44,856,890
(6,420,615)
38,436,275
(817,233)

31 , 2014 CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2014
31.03.2014 31.03.2013
(46,507,536)
Cash flow from operating and Investing activities
37,619,042
III - Part III - Cash flow from financing activities

( ) Equity Share Capital raised (incl Share
Premium)
10,660,001
II Bonds Issued Lower Tier-II

II Bonds Payment Lower Tier-II
Dividend Paid (Incl Dividend Tax)
Interest paid on long term loan
Net Cash used in Financing activities
7,800,000
(1,500,000)
(2,528,007)
(2,411,330)
8,500,000
0
(1,220,540)
(2,196,401)
/ Net increase/decrease In cash and cash

equivalents
( )Cash and Cash equivalents (Opening)
( ) Cash and Cash equivalents (Closing)
Difference in opening and
closing cash and cash equivalents
(..)
(G C Garg)
General Manager
(. . )

(R K Takkar)
Executive Director
12,020,664
5,083,059
(34,486,872)
42,702,101
98,214,092
63,727,220
55,511,991
98,214,092
(34,486,872)
( )

(Trishna Guha)
Executive Director
42,702,101
( )

(Ashwani Kumar)
AUDITOR'S CERTIFICATE
31.03. 2014 .
(-32)

We have examined the above Cash Flow Statement of Dena Bank for the year ended 31.03.2014. The statement has been prepared by the bank in
accordance with requirements of the Listing Agreements (Clause 32) with Stock Exchanges & is based on and in agreement with the corresponding Profit
& Loss account and Balance Sheet of the Bank covered by our Audit Report of even date to the President of India.
. .. .

.. 000050N
FRN 000050N
. .. .

.. 002908C
FRN 002908C
.

.. 000111S
FRN 000111S
. .... .

.. 000340C
For M/s APAS & Co
FRN 000340C
[. . ]
[S.K.Khattar]
Partner
. MNo 084993
.. FRN 000050N
[.. ]
[S C Ajmera]
Partner
. M No 081398
.. FRN 002908C
[. ]
[R Ponnappan]
Partner
. M No 021695
.. FRN 000111S
[ ]
[Abhishek Mahawar]
Partner
. M No 078796
.. FRN 000340C
Place: Mumbai
Date: 10 , 2014
..
( )

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Registration of E-mail ID with the Bank
(For shareholders holding shares in physical form)

The Company Secretary
Dena Bank, Investor Relation Centre
Dena Corporate Centre,
C-10, G Block, Bandra Kurla Complex
Bandra (East), Mumbai 400 051.
Dear Sir,
I hereby request Dena Bank to register my following E-mail address for service of Notice of General Meetings, Audited Financial Statements ,
Directors Report, Auditors Report and other documents to me / us in electronic mode instead of physical mode:Folio No.*
Full Name of First / Sole Shareholder*
Email ID (to be registered for the above purpose):
Mobile / Phone No.
Date * :_________________
Signature:
*Mandatory fields
Note:
1.
In case you are holding shares of the Bank in demat (electronic) form, the Bank proposes to send the aforesaid documents to you in electronic
form, at the email address provided by you and which will be made available to us by your depository
2.
Shareholders are requested to keep the Bank informed of any change in their email ID , if shares are held in physical form and to their DP if
shares held in demat (electronic) form .
-
- :
- .
.
.
. https://www/evoting.nsdl.com.
. - .
. . . .... -
.
. . 8 / .
.... - - .
.
. - . -:
. ....(- ) . .... .... -
.
. . .
. .
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. .
. ( , ..., ... ) / ,
, / / (/ ) - scrutinizer@
snaco.net evoting@nsdl.co.in . sharepro@shareproservices.com .
. : (...) https://www.evoting.nsdl.com -
- evoting@nsdl.co.in .
. , .
. .
. .
INSTRUCTION FOR E-VOTING

Members are requested to follow the instruction bellow to cast their vote through e-voting:
a.
b.
c.
d.
User ID and Password for e-voting is provided in the table given on the face of this Annexure to AGM notice. Please note that the password is an initial Password.
Launch the internet browser by typing the following https://www/evoting.nsdl.com.
Click on Shareholders Login.
Put User ID and Password noted in step (a) above as the Initial Password. Click login. If you are already registered with NSDL for e-voting then you can use your
existing Used ID and Password for Login.
e. If you are logging in for the first time, Password Change Menu appears. Change the Password of your choice with minimum 8 digits / character or a combination
thereof. Please note the new Password for all the future e-voting cycles offered on NSDL e-voting Platform. It is strongly recommended not to share your Password
with any other persons and take utmost care to keep your Password confidential.
f. Home page of e-voting opens. Click on e-voting : Active voting cycles.
g. Select EVEN (E-voting Event Number) of DENA BANK. For an even, you can login any number of times on e-voting platform of NSDL till you have voted on the
resolution during the voting period.
h. Now you are ready for e-voting as Cast Vote Page opens.
i. Cast your vote by selecting appropriate option and click Submit and also Confirm when prompted.
j. Upon confirmation, the massage Voting cast successfully will be displayed.
k. Kindly note that vote once casted cannot be modified.
l. Institutional members (i.e. members other than individuals, HUF , NRIs, etc.) are also required to send scanned copy (PDF/JPG format) of the relevant board
resolution / authority letter, etc. together with the attested specimen signature(s) of the duly authorized signatory(ies) who are authorized to vote, the Scrutinizer
through email at : scrutinizer@snaco.net with a copy marked to evoting@nsdl.co.in. You can also forward the documents at the Registrars e-mail id sharepro@
shareproservices.com
m. In case of any queries you may refer the Frequently Asked Questions (FAQs) for members and e-voting user manual available at downloads section of https://
www.evoting.nsdl.com or contact by email at evoting@nsdl.co.in
n. You can also update your mobile number and e-mail id in the user profile detail of the folio which may be used for sending future communication.
o. The voting rights of the Shareholders shall be in proportion to their shares of the paid up equity share capital of the Bank as on record date.
p. For any other queries relating to the shares of the Bank, you may contact the share transfer agents of the Bank.
: , -10, , , (), - 400 051

()
( )
. :
( )
.:
.:
( )

/ / /

/ /

/
/
28 , 2014 : 11.00 ,
, .... , , (), - 400 056
/ / / .

2014
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23 , 2014 , , , , -10, -, -
, (), - 400 051 .
4.
.
5. .
6. .
7. - .
.
8.
9. .
Head Office: Dena Corporate Centre, C-10, G Block, Bandra Kurla Complex, Bandra (East), Mumbai-400 051.
Regd.Folio No.
(If not dematerialised)
FORM B
PROXY FORM
(to be filled in and signed by the Shareholder
I/We__________________________________________
__________ _
D.P.ID No.
Client ID No.
(If dematerialised)
resident/s of _______________________________________________in the
district of _____________in the state of__________________ being a shareholder/shareholder (s) of DENA BANK, Mumbai hereby appoint Shri/
Smt._______________________________________ resident of____________________________ in the district of _________________ in the
state of___________________or failing him /her, Shri/Smt. ___________________________resident of ________________________ in the
district of_____________________in the state of___________________ as my/our proxy to vote for me/us and on my/our behalf at the Eighteenth
Annual General Meeting of the shareholders of DENA BANK to be held on 28th June, 2014 at 11.00 A.M. at Auditorium, Sir Sorabji Pochkhanawala
Bankers Training College, J.V.P.D Scheme, Near Cooper Hospital, Vile Parle (West), Mumbai-400 056, and at any adjournment thereof.
Please
AffixRe.1
Revenue
Stamp
Signed this_______day of________ 2014.
Signature of first named/sole shareholder
NAME (IN BLOCK LETTERS)
ADDRESS
Signature of the Proxy
INSTRUCTIONS FOR SIGNING AND LODGING THE PROXY FORM

1.
2.
3.
No instrument of proxy shall be valid unless,

a.
in the case of an individual shareholder, it is signed by him/her attorney duly authorised in writing,
b.
in the case of joint holders, it is signed by the shareholder first named in the Register or his/her attorney duly authorised in writing,
c.
in the case of a body corporate signed by its officer or an attorney duly authorized in writing.
An instrument of Proxy shall be sufficiently signed by any shareholder, who is, for any reason, unable to write his/her name, if his/her mark is
affixed thereto and attested by a Judge, Magistrate, Registrar or Sub-Registrar of Assurances or other Government Gazetted Officer or an Officer
of Dena Bank.
The Proxy together with
a.
the power of attorney or other authority (if any) under which it is signed, or
b.
a copy of the power of attorney or authority, certified by a Notary Public or a Magistrate, should be deposited with the Company Secretary,
Dena Bank, Investor Relations Centre, Dena Corporate Centre, C-10, G Block, Bandra Kurla Complex, Bandra (East), Mumbai- 400 051 Not
later than FOUR DAYS before the date of the Eighteenth Annual General Meeting i.e. on or before the close of office hours on 23rd June,
2014.
4.
In case the relevant power of attorney is already registered with Dena Bank or its Share Transfer Agents, the registration number of the power
of attorney and the date of registration may be mentioned.
5.
No instrument of Proxy shall be valid unless it is duly stamped.
6.
An instrument of Proxy deposited with the Bank shall be irrevocable and final.
7.
In the case of an instrument of proxy granted in favour of two grantees in the alternative, not more than one form shall be executed.
8.
The shareholder, who has executed an instrument of proxy, shall not be entitled to vote in person at the Annual General Meeting to which such
instrument relates.
9.
No person shall be appointed as duly authorised representative or a proxy who is an officer or an employee of Dena Bank.
: , -10, , , (), - 400 051

Head Office: Dena Corporate Centre, C-10, G Block, Bandra Kurla Complex, Bandra (East), Mumbai- 400 051
2014
ATTENDANCE SLIP FOR EIGHTEENTH ANNUAL GENERAL MEETING 2014
( )
(to be surrendered at the venue of the meeting)
/ () / / .
I certify that I am a registered shareholder/proxy/representative for the registered shareholder(s) of DENA BANK.
28 , 2014 : 11.00 , .... , , (), - 400 056
/ .
I hereby record my presence at the Eighteenth Annual General Meeting of the shareholders of Dena Bank at Auditorium, Sir Sorabji Pochkhanawala Bankers Training
College, J.V.P.D Scheme, Near Cooper Hospital, Vile Parle (West), Mumbai-400 056 on 28th June, 2014 at 11.00 AM.

Name and Address of the Shareholder
. .
( )
Regd. Folio No.
(if not dematerilised)
.
DP I D No.
.
( )
Client I D No.
(if dematerilised)
/ /
Signature of the Shareholder/Proxy/Representative attending the meeting

If, Shareholder, please sign here
/
If Proxy/ Representative, please sign here
: , -10, , , (), - 400 051

Head Office: Dena Corporate Centre, C-10, G Block, Bandra Kurla Complex, Bandra (East), Mumbai- 400 051
2014
ENTRY PASS FOR EIGHTEENTH ANNUAL GENERAL MEETING 2014
( )/(to be retained throughout the meeting)

Name and Address of the Shareholder
. .
( )
Regd. Folio No.
(if not dematerilised)
.
DP I D No.
.
( )
Client I D No.
(if dematerilised)
/ /
. , / , , ,
.
Shareholders / proxy or representative of shareholder(s) are requested to produce the above attendance slip duly signed in accordance with their specimen signatures
registered with the Bank, along with the entry pass for admission to the meeting hall. The admission will however be subject to verification/checks as may be deemed
necessary, under no circumstances any duplicate attendance slip will be issued at the entrance to the meeting hall.
...
( )
( )
/ :
:
()

, ,
,
-10, ,
(), 400 051
,
. :
... / / .

.
.

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.
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:
: /
.
ECS MANDATE FORM

(For Payment of Dividend on Equity Shares held in Physical Form)
(Please furnish the detail in Block Letters)
First/Sole Shareholders Name :
Address :
Telephone No.
(Landline)
The Company Secretary
Dena Bank, Investor Relation Cell
Dena Corporate Centre,
C-10, G Block, Bandra Kurla Complex
Bandra (East), Mumbai 400 051
(Mobile)
Dear Sir,
FOLIO NO. :
With reference to your Circular on ECS, I/We request you to remit dividend through the following method:
Direct credit to my Bank Account through Electronic Clearing Services
Bank Name
Branch Name & City Address
Telephone No.
Account No.
Account Type
Saving( ) / Current( ) / Cash Credit( ) / Overdraft ( )
Nine Digit Code Number of the Bank and Branch as appearing on MICR cheque issued by the bank
IFSC Code
(PLEASE ENCLOSE A CANCELLED CHEQUE OR PHOTOCOPY OF A CHEQUE)
DECLARATION
I hereby declare that the particulars given above are correct and complete. If the transaction is delayed or not effected at all for reasons
of incomplete and incorrect information, I would not hold the Dena Bank responsible. I understand that the Bank also reserves right to
send the dividend payable to me by a physical dividend warrant on account of any unforeseen circumstances beyond the control of
the Bank, that affect the payment of dividend through ECS, the account details provided above may be incorporated in the payment
instrument.
Yours faithfully,
Place:
Date:
(Signature of the First/Sole Shareholder)
Note: Those shareholders who hold equity shares of the Bank in Demat form shall receive the dividend warrant / get credit of dividend
amount through ECS or otherwise, as per bank account detail and address with their respective depositories.

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Annual Report 2013-14

: , -10, , , (), - 400 051.

Annual Report 2013-14

- YEAR WISE COMPARATIVE PERFORMANCE

Delivery Channels & Resources

No. of Branches (with CBS)

Reserves (Excluding Revaluation Reserves)

Capital Adequacy Ratio (%)

As Per Basel III

Total Advances (Gross )

Advances to Priority Sector

Priority Sector Advances in % terms

, (....) Micro, Small and Medium Enterprises (MSME)

Annual Report 2013-14

- YEAR WISE COMPARATIVE PERFORMANCE

Non Interest Income

Net Interest Margin ( %)

Earning per share ( ` )

Asset Quality Ratios :

Gross NPA to Gross Advances Ratio (%)

Net NPA to Net Advances Ratio (%)

NPA Provision Coverage ( %)

Per Employees Business

Per Branch Business

Annual Report 2013-14

Low Cost Deposits

Operating Profit and Net Profit

n[aMmbZJV bm^ Ama {Zdb bm^

Non Performing Assets

{Zdb A{Jm| H s VwbZm | {Zdb

% of Net NPA to Net Advances

% of Gross NPA to Gross Advances

Net Interest Income

nyOr nmVVm AZwnmV

Capital Adequacy Ratio

Business Per Employee

Annual Report 2013-14

, , -1, , - , (), -400 051.

By Order of the Board of Directors

A SHAREHOLDER ENTITLED TO ATTEND AND VOTE AT THE

Annual Report 2013-14

7. NATIONAL ELECTRONIC CLEARING SERVICE (NECS) and

The Register of the Shareholders and the Share Transfer Register of

Annual Report 2013-14

Sharepro Services (India) Private Limited

11. E-VOTING PROCESS

10. RECEIVE DOCUMENTS THROUGH E-MAIL BY REGISTERING

The business shall be transacted through electronic voting system and

By Order of the Board of Directors

Annual Report 2013-14

CHAIRMAN & MANAGING DIRECTORS STATEMENT

Annual Report 2013-14

CHAIRMAN & MANAGING DIRECTORS STATEMENT

13.19% 2014 ` 1,10,028

Total Deposits have grown to the level of ` 1,10,028 cr as of March

2014 18.31% ` 78,622

Total Advances of the Bank stood at ` 78,622 cr as of March 2014

Going forward, economic growth is likely to accelerate in the next

Annual Report 2013-14

CHAIRMAN & MANAGING DIRECTORS STATEMENT

Annual Report 2013-14

CHAIRMAN & MANAGING DIRECTORS STATEMENT

Transformation through Technology: