2011 PDF

Annual Report 2010-11
DevegeceefCekee
e. / efJe<ee meteer
INDEX
he= e. / Page No.
Contents
No.
1.
DeOe#e Je eyebOe efveosMeke kee Yee<eCe
Chairman & Managing Director's Address
2.
efveosMekeeW keer efjhees&
Directors' Report
13
eyebOeve eee& Deewj efJeMues<eCe
Management Discussion and Analysis
15
mLetue DeeefLe&ke Deewj ceewefke JeeleeJejCe
Macro Economic and Monetary Environment
15
yeQke kee keee& efve<heeove
Performance of the Bank
16
mebie"ve Deewj meceLe&ve eCeeueer
Organisation and Support System
21
meeceeefpeke yeQefkebie
Social Banking
29
yeQke keer cenlJehetCe& eespeveeSb/heefjeespeveeSB
Important Schemes / Projects of the Bank
30
mebmLeeiele meeceeefpeke oeefelJe
Corporate Social Responsibility
32
meneeke kebheefveeeb, mebegkele Gece Deewj eeeesefpele mebmLeeve
Subsidiaries / Joint Ventures and Sponsored Institutions
33
jepeYee<ee veerefle kee keeee&vJeeve
Implementation of Official Language Policy
34
efveosMekeeW keer efpeccesoejer kee keLeve
Directors' Responsibility Satement
34
efveosMeke ceb[ue ceW heefjJele&ve
Changes in the Board of Directors
34
3.
kee@heexjs ieJevexvme hej efhheCeer
Note on Corporate Governance
38
4.
leguevehe$e
Balance Sheet
54
5.
ueeYe Je neefve uesKee
Profit and Loss Account
55
6.
cenlJehetCe& uesKee veerefleeeB
Significant Accounting Policies
64
7.
uesKeeW hej efhheefCeeeB
Notes on Accounts
68
8.
vekeoer eJeen efJeJejCe
Cash Flow Statement
99
9.
uesKee hejer#ekeeW keer efjhees&
Auditors' Report
101
Consolidated Financial Statement of the Bank
104
10. yeQke kee mecesefkele efJeeere efJeJejCe
mebJewOeeefveke uesKee hejer#eke STATUTORY AUDITORS

yeer. eJeefjee Sb[ keb.
meveoer uesKeekeej
keesuekelee
js Sb[ keb.
meveoer uesKeekeej
keesuekelee
peesOe peesMeer Sb[ keb.

meveoer uesKeekeej
veeiehegj
B. Chhawchharia & Co.

Chartered Accountants
Kolkata
Ray & Co.

Kolkata
Jodh Joshi And Co

Nagpur
pesmeerDeej Sb[ keb.

meveoer uesKeekeej
cegbyeF&
Sve. kegceej eye[e Sb[ keb.

meveoer uesKeekeej
eb[erie]{
[erSmeheer Sb[ SmeesefmeSmed

meveoer uesKeekeej
veF& efouueer
JCR & Co.

Mumbai
N.Kumar Chhabra & Co.

Chandigarh
DSP & Associates

New Delhi
Jeeef<e&ke efjhees& 2010-11
31-03-2011
kees /
As on 31-03-2011
31-03-2011
kees /
As on 31-03-2011
eer Depee Sme. yevepeea
cegKe ceneeyebOeke
Shri Ajay S. Banerjee
Chief General Manager
eer yeer. kes. efhehejwee
eer kes. Se. JePes
eer Jeer. F&. oueJeer
eer Jeer. Jeee. eheskej
Shri B. K. Piparaiya
Shri K. H. Waze
Shri V. E. Dalvi
Shri V. Y. Chhapekar
eer Deej. Se. keguekeCeea
eer Sce. Jeer. {esyeues
eer Sce. meer. ieeseue
eer Sme. [er. Deeee&
Shri R. H. Kulkarni
Shri M. V. Dhoble
Shri M. C. Goyal
Shri S. D. Arya
eer Jeer. Deej. ieghlee
eer heer. Sme. JeWietuexkej
eer kes. heeLe&meejLeer
eer [er. Deej. njveeieues
Shri V. R. Gupta
Shri P. S. Vengurlekar
Shri K. Parthasarathi
Shri D. R. Harnagle
yeQke kes veS DeOe#e Je HeyebOe efveosMeke eer DevetHe Mebkej Yeeeee& kee neefo&ke mJeeiele kejles ngS keee&Heeueke efveosMeke eer Sce. peer. mebIeJeer leLee yeQke kes
Ge keee&Heeueke SJeb meHe (01.10.2010).
Shri Anup Sankar Bhattacharya, new Chairman and Managing Director of the Bank being given a warm welcome by Executive Director,
Shri M. G. Sanghvi, and other top executives and staff of the Bank. (01.10.2010).
kece&eeefjeeW kees DeefOeke kegMeuelee mes keee& kejkes yesnlej HeefjCeece ueeves kes GsMe mes DeefYeHesefjle kejves nsleg DeOe#e Je HeyebOe efveosMeke eer S. Sme. Yeeeee& eje ceneeslevee' DeefYeeeve keer
Henue keer ieF&. HegCes ceW ceneeslevee keee&ece kees mebyeesefOele kejles ngS DeOe#e Je HeyebOe efveosMeke eer S. Sme. Yeeeee&.
Maha Chetana is an initiative of Shri Anup Sankar Bhattacharaya, Chairman and Managing Director to motivate the employees for working more efciently
and to produce better results. Shri Anup Bhattacharya, addressing the staff members under Maha Chetana programme in Pune.
ceefnuee kece&eeefjeeW kes meMeeerkejCe nsleg mJeMeefe' keee&ece yeQke keer Ske efJeefMe< Henue nw. efoveebke 11.11.2010 kees mJeMeefe'' kes MegYeejbYe Hej kesvere keeee&uee, ueeskecebieue,
HegCes ceW ceefnuee meHe meomeeW kees mebyeesefOele kejles ngS DeOe#e Je HeyebOe efveosMeke eer S. Sme.Yeeeee&.
Swashakti is another unique programme for empowerment of women employees initiated by the Bank. Shri. Anup Sankar Bhattacharaya,
Chairman and Managing Director addressing women staff at Central Ofce, Lokmangal, Pune during the launch of Swashakti programme on 11-11-2010.
ueeskecebieue, efMeJeepeerveiej, hegCes ceW

efoveebke 27 petve 2011 kees yeQke keer
8JeeR Jeeef<e&ke Deece meYee ceW yeQke Dee@@He
ceneje<^ kes DeOe#e Je eyebOe efveosMeke
eer S.Sme. Yeeeee& eje efoee
ieee Yee<eCe
8th Annual General Meeting

of Bank of Maharashtra
held on 27th June 2011 at
Lokmangal, Shivajinagar,
Pune Chairman and
Managing Directors Address
eer S. Sme. Yeeeee&
Shri A S Bhattacharya
Chairman & Managing Director
DeOe#e Je eyebOe efveosMeke

efee MesejOeejkees,
Dear Shareholders,
Deehekes yeQke keer 8JeeR Jeeef<e&ke Deece meYee ceW Deehekee mJeeiele kejles ngS leLee efJeeere Je<e& 2010-11
nsleg Deehekes yeQke keer Jeeef<e&ke efjhees& Deehekes meccegKe emlegle kejles ngS cegPes Deleble emevvelee nes
jner nw. 31 ceee& 2011 kees meceehle Je<e& nsleg Jeeef<e&ke efJeeere efJeJejefCeeeb, leguevehe$e leLee
efveosMekeeW keer efjhees& henues ner Deehekes heeme nw. yeQke kes keee&efve<heeove hej yeesueves mes henues ceQ en
GuuesKe kejvee eentbiee efke Deehekes melele SJeb GlmeenJeOe&ke meceLe&ve mes yeQke mecee-mecee hej
efJeeere yeepeejeW kees eYeeefJele kejves Jeeueer DeeefLe&ke ieefleefJeefOeeeW mes Glhevve egveewleerhetCe& efmLeefleeeW
ceW Yeer Deeies ye{ mekee nw.
I have great pleasure in welcoming you to the Eighth Annual General Meeting of
your Bank and placing before you the Annual Report of your Bank for the financial
year 2010-11. The Annual Financial Statements, Balance Sheet and Directors'
Report for the year ended 31st March 2011 are already with you. Before I touch
upon the performance of the Bank, I would like to place on record that your
consistent and encouraging support, has enabled the bank to progress through
challenging situations, emerging from the economic developments affecting
financial markets from time to time.
Deye ceQ Yeejleere DeeefLe&ke SJeb yeQefkebie JeeleeJejCe keer mebef#ehle meceer#ee kebiee efpemeceW Deehekee yeQke
heefjeeuevejle nw.
Now, I briefly analyze the Indian economic and banking environment, in which
your Bank is operating.
DeeefLe&ke SJeb yeQefkebie heefjMe

Yeejleere DeLe&JeJemLee Je=ef heLe hej eue jner nw eeefhe efJeeere Je<e& 2010-11 keer Debeflece efleceener ceW
ceecetueer efMeefLeuelee DeeF& nw. Je<e& 2010-11 ceW mekeue Iejsuet Glheeo ceW 8.5% keer meceie Je=ef ngF& nw pees
efJeeere Je<e& 2009-10 ceW 8% Leer. keg cetueYetle #es$eesb ceW Je=ef kes GlmeenJeOe&ke mebkesle efceue jns nQ
efpevemes eeuet Je<e& kes oewjeve Yeer mekeue Iejsuet Glheeo 8 mes 8.5% kes yeere jnves keer mebYeeJevee nw.
Economic and Banking Scenario

The Indian economy has been on the growth path though in the last quarter of
F.Y. 2010-11 witnessed a marginal slow down. The overall growth in GDP clocked
8.5% in 2010-11 as against 8% in F.Y. 2009-10. With some of the core sectors
continue to show encouraging signs of growth, the GDP is expected to be in the
range of 8 to 8.5 per cent in current year also.
Je<e& 2010-11 kes oewjeve mLetue cege Deehetefle& (Sce 3) keer Je=ef 15.9% jner. Je<e& 2010-11 kes
oewjeve meYeer Devegmetefele JeeefCeefpeke yeQkeeW keer mekeue peceejeefMeeeW ceW 15.08% leLee iewj-Keeeevve
$e+Ce ceW 21.40% keer Je=ef ngF&. Fme DeJeefOe kes oewjeve DeeeeleeW ceW 37% leLee efveee&leeW ceW 21.9%
Je=ef ngF&. osMe kes efJeosMeer cege Yeb[ej 31 ceee& 2011 kees Deceefjkeer [e@uej 301 efyeefueeve jns pees
31 ceee& 2010 kees Deceefjkeer [e@uej 278 efyeefueeve Les leLee es mecegheejere Yeejleere DeLe&JeJemLee
keer mekeejelceke DeJeOeejCee oMee&les nQ.
Broad money supply (M3) growth was at 15.9% during 2010-11. The Aggregate
Deposits of all Scheduled commercial Banks in 2010-11 grew by 15.8% and nonfood credit by 21.40%. The exports showed a growth of 37% and imports 21.9%
during this period. The Foreign Exchange Reserves of the country were at USD
301 billion as at 31st March 2011 as against USD 278 billion on 31st March
2010, reflecting a positive perception of the Indian economy overseas.
Iejsuet cegemHeerefle efeblee kee efJe<ee nw. eeLeefceke JemlegDeesb kes cetueeW ceW Je=ef kes keejCe
cegemHeerefle meceie DeeefLe&ke Je=ef oj kees veeres KeeRe mekeleer nw. cegemHeerefle keer Tbeer oj kees
osKeles ngS Yeejleere efj]peJe& yeQke keer ceewefke veerefle kee Peeve Yeer Ssmee yeepe oj JeeleeJejCe
yeveeS jKevee nw pees cegemHeerefle kees kece kejs leLee mHeereflekeejke Dehes#eeDeesb kees Deeee os
efpemekes keejCe jshees oj efvejblej ye{les ngS 5% mes 7.50% hengbe ieF& pees ye{leer yeepe ojeW kes
heefjMe keer meteke nw.
Domestic inflation remains a cause of concern. Inflation, fueled by rise in prices

of primary articles is expected to drag down overall economic growth. In view of
the high rate of inflation, monetary policy stance of the Reserve Bank of India
has also been mainly to maintain an interest rate environment that moderates
inflation and anchors inflationary expectations which lead to successive rise of
Repo rate from 5% to 7.50% indicating increasing interest rates scenario.
yeQke kee keee&efve<heeove
ye{leer cegemHeerefle, ke[er ceewefke veerefle leLee heefjCeecele: ye{leer yeepe ojeW kes Fme JeeleeJejCe ceW
Deehekee yeQke JeJemeee iegCeJeee SJeb heefjeeueve efvehegCelee ye{eves hej Oeeve kesefvle kejlee jne nw
leeefke ueeieleeW leLee ceeefpe&ve ceW megOeej nes mekes.
In this environment of rising inflation, tightening monetary policy and the

consequent hardening interest rates, your Bank has been focusing on enhancing
the business quality and operating efficiency to bring about improvement in costs
and margins.
Deye ceQ efJeefYevve ceeveob[eW hej Je<e& 2010-11 kes oewjeve Deehekes yeQke kes keee&efve<heeove kee efJeMues<eCe
Deehekes meccegKe jKetbiee.
Now I place before you an analysis of the performance of your Bank during the
year 2010-11 on various parameters.
JeJemeee
Business
yeQke kee kegue JeJemeee 9.69% Je=ef ope& kejles ngS 31.03.2010 kees ` 104230 kejes[ mes
ye{kej 31.03.2011 kees `114332 kejes[ leke hengbe ieee nw. yeQke Ge ueeiele Jeeues ye[er
peceejeefMeeeW leLee kece Deee Jeeues kebheveer DeefieceeW kees ye{eJee veneR oslee nw leLee yesnlej Deee Jeeues
efjsue, SceSmeSceF& leLee efce[ keeheexjs JeJemeee hej Oeeve kesefvle kejlee nw.
The total business of the Bank reached a level of Rs 114332 crore as on

31.03.2011 from ` 104230 crore as on 31.03.2010, recording a growth of 9.69%.
The Bank did not encourage high cost bulk deposits and low yielding corporate
advances and focused on the better yielding retail, MSME and mid corporate
business.
yeQke keer kegue peceejeefMeeeb 5.59% keer Je=ef oMee&les ngS 31.03.2010 kees `63304 mes ye{kej
31.03.2011 kees `66845 kejes[ nes ieF&b. kece ueeiele peceejeefMeeeW DeLee&le eeuet SJeb yeele
peceejeefMeeeW ceW iele Je<e& keer leguevee ceW 15.70% keer Je=ef ngF& peyeefke Ge ueeiele Jeeueer ye[er
peceejeefMeeeW ceW 10.54% keer eefleMele keer keceer DeeF& nw. 31.03.2011 kees kegue peceejeefMeeeW ceW
kece ueeiele peceejeefMeeeW kee DebMe 40.44% jne pees 31.03.2010 kees 36.91% Lee leLee en
yeQefkebie Geesie ceW Gelece ceW mes Ske nw.
The total deposits increased to ` 66845 crore as on 31.03.2011 from ` 63304

crore as on 31.03.2010, showing a growth of 5.59%. The low cost deposits, i.e
current and savings deposits grew by 15.70% over the previous year, while the
high cost bulk deposits have declined by 10.54%. The share of low cost deposits
to total deposits was 40.44% as on 31.03.2011, as against 36.91% as on
31.03.2010 and this is one of the highest in the Banking Industry.
mekeue Deefiece 16.03% keer Je=ef oMee&les ngS 31.03.2011 kees `47487 kejes[ jns pees
31.03.2010 kees `40926 kejes[ Les. met#ce, ueIeg SJeb cePeewues Geesie (SceSmeSceF&) #es$e, pees
DeLe&JeJemLee kee cenlJeJeeuee #es$e nw, kees $e+Ce 90.22% keer Je=ef oMee&les ngS 31.03.2011 kees
`7037.31 kejes[ kes mlej leke hengbe ieee pees 31.03.2010 kees `3699.64 kejes[ Lee.
The Gross Advances increased to ` 47487 crore as on 31.03.2011 from ` 40926

crore as on 31.03.2010, registering a growth of 16.03%. The credit to Micro,
Small and Medium Enterprises (MSME) sector, which is one of the thrust areas
of the economy, reached a level of ` 7037.31 crore as on 31.03.2011 from
` 3699.64 crore as on 31.03.2010, registering a growth of 90.22%
31.03.2011 kees yeQke kee $e+Ce pecee Devegheele 71.04% jne pees 31.03.2010 kees 64.35% Lee.
The Credit Deposit Ratio of the Bank as on 31.03.2011 stood at 71.04% as

against 64.65% as on 31.03.2010.
eefle kece&eejer JeJemeee 31.03.2010 kees `7.62 kejes[ mes ye{kej 31.03.2011 kees `8.25
kejes[ nes ieee leLee Fmeer DeJeefOe kes oewjeve eefle MeeKee JeJemeee .71.73 kejes[ mes ye{kej
`74.43 kejes[ nes ieee.
Business per Employee grew to ` 8.25 crore as on 31.03.2011 from ` 7.62 crore
as on 31.03.2010 and the business per branch to ` 74.43 crore from ` 71.73
crore during the same period.
Deee SJeb Depe&ve
Income and Earnings
kegue Deee 14.40% keer Je=ef oMee&les ngS 31.03.2011 kees meceehle Je<e& kes oewjeve `6093.94
kejes[ jner pees 31.03.2010 kees meceehle Je<e& kes efueS `5326.80 kejes[ Leer. Fme DeJeefOe kes oewjeve
DeefieceeW hej yeepe Deee 18.89% keer Je=ef oMee&les ngS .3369.63 kejes[ mes ye{kej .4006.14
kejes[ nes ieF&.
The total income increased to ` 6093.94 crore during the year ended 31.03.2011,
from ` 5326.80 crore for the year ended 31.03.2010, showing a growth of 14.40%.
During this period, the interest income on advances increased to ` 4006.14 crore
from ` 3369.63 crore, registering a growth of 18.89%.
cebe Hej efJejepeceeve yeQke kes DeOe#e Je HeyebOe efveosMeke, keee&Heeueke efveosMeke, efveosMeke ceb[ue kes efveosMeke SJeb Jeefj<" keee&Heeueke
Chairman and Managing Director, Executive Director and Directors on the Board and senior executives of the Bank on the dais
MesejOeejke Jeeef<e&ke Deece meYee ceW Yeeie uesves nsleg HebpeerkejCe kejeles ngS
Shareholders registering to attend the Annual General Meeting.

yeQke keer yeepeslej Deee (Kepeevee mebJeJenej ueeYeeW kees es[kej) 21% keer Je=ef oMee&les ngS iele
Je<e& kes `386.96 kejes[ mes ye{kej 31.03.2011 kees meceehle Je<e& nsleg `468.23 kejes[ jner. yeQke
ves Meguke DeeOeeefjle Deee ceW Je=ef nsleg Deve he#e GlheeoeW eLee ef[hee@efpejer mesJeeSb, yeercee/cegegDeue
Heb[ GlheeoeW, SSmeyeerS, kejeW kes F&-mebienCe leLee F&efkeJeer kes F&-^sef[bie Fleeefo kes mebefJelejCe hej
Oeeve kesefvle efkeee. ye{leer yeepe ojeW leLee eefleYetefleeeW hej heefjCeeceer cetueeme kes keejCe
Kepeevee heefjeeueveeW mes ueeYe ceW efiejeJe DeeF&.
The non-interest income of the Bank (excluding treasury trading profits) increased
to ` 468.23 crore for the year ended 31.03.2011 from ` 386.96 crore for the
previous year, showing a growth of 21%. To improve the fee based income, the
Bank focused on the distribution of third party products like, depository services,
insurance/ mutual fund products, ASBA, e-collection of taxes and e-trading of
equity etc. The profit from the treasury operations declined due to the hardening
of Interest rates and also resultant depreciation on securities.
heefjeeueve ueeYe 4.97% keer Je<e&-oj-Je<e& Je=ef oMee&les ngS 31.03.2010 kees meceehle Je<e& nsleg `815
kejes[ mes ye{kej `855 kejes[ nes ieee. 31.03.2011 kees meceehle Je<e& nsleg Meg ueeYe .330.39
kejes[ jne pees iele Je<e& `440.00 kejes[ Lee. Meg ueeYe cegKele: Jesleve mebMeesOeve kes keejCe SSme15 (mebMeesefOele) kes Devegmeej heWMeve leLee ie@egF&er nsleg efkeS ieS Deefleefjkele eeJeOeeveeW mes eYeeefJele
ngDee. mekeejelceke keoce kes he ceW DeJeceeveke DeeefmleeeW hej efJeJeskehetCe& DeeJeMekeleeDeesb kes Deveghe
10% kes Deefleefjkele 5% DeefOeke eeJeOeeve kejves kes Deefleefjkele SveheerS eeJeOeeve keJejspe Devegheele
ceW megOeej nsleg DeefOeke Tbee eeJeOeeve efkeee ieee. leguevehe$e kees meg{ kejves kes Fve GheeeeW kee
eYeeJe efveJeue Depe&ve hej he[e.
The Operating profit increased from ` 815 crore for the year ended 31.03.2010
to ` 855 crore for the year ended 31.03.2011, registering a growth of 4.97% on
Y-o-Y basis. The Net Profit for the year ended 31.03.2011 was ` 330.39 crore, as
against ` 440.00 crore for the previous year. The Net Profit was affected mainly
due to the additional provision made for pension and gratuity, consequent upon
the wage revision, as per AS 15 (Revised). Proactively, an additional provision of
5% was also made for Sub-standard Assets over and above the prudential
requirement of 10%, besides further higher provision made to improve the NPA
Provision Coverage Ratio. These Balance Sheet strengthening measures
impacted the net earnings.
Deee mes ueeiele Devegheele 31.03.2010 kees 56.85% keer leguevee ceW 31.03.2011 kees 65.79%
jne. Jesleve mebMeesOeve kes keejCe kece&eeefjeeW kes mesJeeefveJe=efe heMeele DevegueeYeeW nsleg 31.03.2011
kees meceehle Je<e& kes efueS `475.69 kejes[ kee eeJeOeeve efkeee ieee pees iele Je<e& `52.53 kejes[
Lee. heefjCeecele: meHe JeeeW ceW 76.52% keer Je=ef ngF& efpemeves Fme Devegheele kees eYeeefJele efkeee.
eefo en eeJeOeeve ve efkeee peelee lees Devegheele 48.86% neslee.
The cost to income ratio was 65.79% as on 31.03.2011 as against 56.85% of

31.03.2010. An amount of `475.69 crore for the year ended 31.03.2011, was
provided towards the employees' post retirement benefits, on account of wage
revision, as against ` 52.53 crores in the previous year. Consequently, the staff
expenses grew by 76.52%, which impacted this ratio. But for this provision, the
ratio would have been 48.86%
31 ceee& 2010 kees jepemJe SJeb Deve Deejef#eefleeeb Meer<e& kes Debleie&le `26.77 kejes[ Mes<e Jeeues
efveJesMe Deejef#eefleeeb Keeles kees 31 ceee& 2011 kees jepemJe SJeb Deve Deejef#eefleeeb Meer<e& kes
Debleie&le jepemJe Deejef#eefleeeb kees Debleefjle efkeee ieee keeeWefke Yeejleere efj]peJe& yeQke kes
efoMeeefveoxMeeW kes Devegmeej Deye Fmekeer DeeJeMekelee veneR Leer keeeWefke oesvees ceoW jepemJe SJeb Deve
Deejef#eefleeeb kes DeOeerve nQ FmeefueS FvnW ueeYe Je neefve efJeefveeesie Keelee leLee leguevehe$e ceW Deueie
mes veneR efoKeeee ieee nw.
Investment Reserve a/c of ` 26.77 crore balance, held under the head Revenue
and Other Reserves as on 31st March 2010, is transferred to Revenue Reserve
under the head Revenue and Other Reserves on March 31, 2011, as it was no
more required as per the RBI guidelines. As both items were under Revenue
and Other Reserves, it is not shown separately in Profit & Loss Appropriation a/c
and Balance sheet
Cost, Yield & Margin
ueeiele, Deee SJeb ceeefpe&ve
The year witnessed a consistent hardening of the interest rates and it was a
challenge for the banks to control cost of funds. In spite of this, the cost of deposit
of your Bank decreased by 52 bps to 5.38% for the year ended 31.03.2011 from
5.90% for the previous year. The cost of deposits came down due to shedding of
high cost deposits and increase in low cost deposit (CASA).
Je<e& kes oewjeve yeepe ojeW ceW efvejblej Je=ef osKeer ieF& leLee efveefOeeeW keer ueeiele efveebef$ele kejvee yeQke
kes efueS egveewleerhetCe& jne. Fmekes yeeJepeto Deehekes yeQke keer peceejeefMeeeW keer ueeiele ceW 52 cetue DebkeeW
keer efiejeJe DeeF& leLee 31.03.2011 kees meceehle Je<e& nsleg en 5.38% jner pees iele Je<e& 5.90%
Leer. Ge ueeiele Jeeueer peceejeefMeeeb Ieeves leLee kece ueeiele Jeeueer peceejeefMeeeW (keemee) ceW Je=ef
kes keejCe peceejeefMeeeW keer ueeiele ceW keceer DeeF&.
The yield on advances increased by 14 bps to 9.69 % for the year ended
31.03.2011 from 9.55% for the previous year. The Bank introduced Base Rate
system, as per RBI guidelines, w.e.f 1st July 2010. The increase in BPLR/Base
Rate, consciously increased mark-ups, and substantial reduction in NPAs
contributed to the improvement in yield on advances.
DeefieceeW hej Deee 14 cetue Debke ye{kej 31.03.2011 kees meceehle Je<e& kes efueS 9.69% jner pees
iele Je<e& nsleg 9.55% Leer. yeerheerSueDeej/DeeOeej oj ceW Je=ef, peeveles ngS ye{eS ieS ceeke&-Dehe leLee
Devepe&ke DeeefmleeeW ceW Yeejer keceer ves DeefieceeW hej Deee megOeejves ceW ceoo keer.
efveJeue yeepe ceeefpe&ve 75 cetue DebkeeW keer Je=ef oMee&les ngS 31.03.2011 kees 2.80% jne pees iele
Je<e& 2.05% Lee.
The Net Interest Margin (NIM) improved to 2.80 % for the year ended 31.03.2011
as against 2.05% for the previous year, showing rise by 75 bps.
Deve ueeYeeolee Devegheele

eeefhe efveJeue yeepe ceeefpe&ve leLee yeepeslej Deee ceW GuuesKeveere megOeej ngDee nw leLeeefhe Deefleefjkele
eeJeOeeveeW kes keejCe efveJeue ueeYe hej eYeeJe he[e. Dele: efveJeue ueeYe mes mebye ueeYeeolee Devegheele
Yeer kece jns. 31.03.2011 kees meceehle Je<e& nsleg DeeefmleeeW hej eefleHeue 0.47% jne pees
31.03.2010 kees meceehle Je<e& nsleg 0.70% Lee. eefle Mesej Deee leLee eefle kece&eejer ueeYe ceW Yeer
efiejeJe ngF&. eefle Mesej yener cetue Lees[e megOejkej 31.03.2011 kees `.49.11 jne.
Other Protability Ratios
Devepe&ke Deeefmleeeb
Non- Performing Assets
Je<e& kes oewjeve Deeefmle iegCeJeee yeveeS jKevee yeQefkebie Geesie kes efueS egveewleerhetCe& jne. Deehekees metefele
kejles ngS cegPes emevvelee nw efke Deehekes yeQke ves Devepe&ke DeeefmleeeW ceW Jemetueer leLee Deeefmle iegCeJeee
ceW efiejeJe jeskeves ceW Dee keee& efkeee nw. Deehekes yeQke keer mekeue Devepe&ke Deeefmleeeb 31.03.2010
kees mekeue yeQke $e+Ce kee 2.96% mes kece neskej 31.03.2011 kees 2.47% jner. efveJeue Devepe&ke
Deeefmleeeb 31.03.2010 kees efveJeue yeQke $e+Ce kee 1.64% mes Iekej 31.03.2011 kees 1.32%
jner. 31.03.2011 kees eeJeOeeve keJejspe Devegheele efvejblej DeeOeej hej 65.56% jne pees
31.03.2010 kees 58.38% Lee.
During the year, it was a challenge for the banking sector to maintain the asset
quality. I am happy to inform you that your Bank has done well in recovering the
NPAs and in containing the slippages in asset quality to a large extent. The gross
non-performing assets of your Bank decreased from 2.96% of gross bank credit
as on 31.03.2010 to 2.47% as on 31.03.2011. The net non-performing assets
decreased from 1.64% of the net bank credit as on 31.03.2010 to 1.32% as on
31.03.2011. The Provision Coverage Ratio stood at 65.56% as on 31.03.2011,
as against 58.38% as of 31.03.2010, on an ongoing basis.
hetbpeer heee&hlelee Devegheele
Capital Adequacy Ratio
yeQke ves `10 kes `352 kejes[ cetue kes ueieYeie 5.12 kejes[ F&efkeJeer Mesej `58.76 eefle Mesej kes
eerefceece hej Yeejle mejkeej kees DeefOeceeve Deeyebve DeeOeej hej Deeyebefle efkeS. yeQke kees Yeejle
mejkeej mes yesceereeoer iewj-mebeeer DeefOeceeve MesejeW kes he ceW `588 kejes[ keer hetbpeeriele meneelee
Yeer efceueer nw. Fme hetbpeer DebelejJeen leLee ueeYe kes eefleOeejCe kes keejCe 31.03.2011 kees hetbpeer
heee&hlelee Devegheele 13.35% Lee peyeefke yeemeue-2 keer Melees kes Devegmeej Yeejleere efj]peJe& yeQke eje
en vetvelece 9% Devegye efkeee ieee nw.
The Bank has allotted around 5.12 crore equity shares of `10 each at a premium
of `58.76 per share amounting to ` 352 crore to Government of India on
preferential allotment basis. The bank has also received capital support of ` 588
crore from the Government of India in the form of Perpetual Non-cumulative
Preference Shares. With this capital infusion and retention of profit, the capital
adequacy ratio stood at 13.35% as on 31.03.2011, as against minimum 9%
prescribed by RBI in terms of Basel II.
Though there was a marked improvement in NIM and non-interest income, the
net profit was impacted by additional provisions. The profitability ratios related to
the net profit, therefore were lower. Return on Assets for the year ended
31.03.2011 stood at 0.47% as against 0.70% for the year ended 31.03.2010.
Earnings Per Share (EPS) and Profit per Employee showed a decline. The Book
value per Share improved marginally to ` 49.18 as on 31.03.2011.
ueeYeebMe
efveosMeke ceb[ue ves Je<e& 2010-11 kes efueS 20% DeLee&le ` 2.00 eefle Mesej kee ueeYeebMe DevegMebefmele
efkeee nw. ceQ MesejOeejkeeW mes Fmekes Devegceesove kee DevegjesOe kejlee ntb.
Dividend
The Board of Directors have recommended a dividend of 20% ie ` 2.00 per share
for the year 2010-11. I request the shareholders to approve the same.
peesefKece eyebOeve
Deehekes yeQke ves efveOee&efjle efJeefveeeceke ceeveob[eW kes Devegmeej peesefKeceeW kes DeefYeefveOee&jCe leLee eyebOeve
nsleg eCeeefueeeb mLeeefhele keer nw. Yeejleere efj]peJe& yeQke eje peejer veS hetbpeer heee&hlelee {ebee
efoMeeefveoxMeeW kes Devegmeej Deehekee yeQke yeemeue-2 Devegheeueve Jeeuee nw. yeemeue-2 kes DeOeerve GVele
DeJeOeejCee kee keeee&vJeeve megefveefele kejves nsleg mecee-meerceeSb lee keer ieF& nQ.
Risk Management
Your Bank has put in place systems for identifying and managing risks, as per the
laid down regulatory norms. The Bank is Basel II compliant in terms of the New
Capital Adequacy Framework guidelines issued by RBI. Time lines are drawn to
ensure implementation of Advanced Approach under Basel II.
Branch Network & Delivery Channels
MeeKee vesJeke& leLee ef[efueJejer ewveue

Je<e& kes oewjeve Deehekes yeQke ves 83 veF& MeeKeeSb KeesueeR efpememes 31.03.2011 kees MeeKee vesJeke&
1536 nes ieee. en MeeKeeSb 24 jepeeW leLee 2 mebIe jepe #es$eesb ceW Hewueer ngF& nQ pees yeQke kees DeefKeue
Yeejleere GheefmLeefle eoeve kejleer nQ. Je<e& kes oewjeve 72 veF& SerSce Keesues ieS leLee kegue SerSce
417 nes ieS.
During the year, your Bank has added 83 new branches to have a net work of
1536 branches as on 31.03.2011. These branches are spread over 24 states and
2 union territories, to give your Bank a Pan-India presence. During the year, 72
new ATMs were added, making the total 417.
Jeeef<e&ke Deece meYee ceW menYeeie uesles ngS MesejOeejke
DeOe#e Je HeyebOe efveosMeke leLee keee&Heeueke efveosMeke Jeeef<e&ke Deece meYee nsleg HeOeejles ngS
CMD & ED arriving for the Annual General Meeting.
Shareholders participating in Annual General Meeting.
Shareholders speaking at the Annual General Meeting.
Jeeef<e&ke Deece meYee ceW yeesueles ngS MesejOeejke

eeweesefiekeer
Technology
yeQke Glheeokelee SJeb efvehegCelee ceW Je=ef leLee Deblele: ieenke mesJee kes ceeveob[eW ceW megOeej nsleg
eeweesefiekeer kee Gheeesie kejlee jne nw. meYeer ef[efueJejer ewveue keesj yeQefkebie vesJeke& kes DeOeerve
megmLeeefhele efkeS ieS nQ. yeQke ves Deheves eeeesefpele #es$eere ieeceerCe yeQke DeLee&le ceneje<^ ieeceerCe yeQke
keer meYeer 327 MeeKeeDeesb kees keesj yeQefkebie vesJeke& kes Debleie&le ueeles ngS meeryeerSme efeeevJeeve hetCe&
efkeee nw. eeweesefiekeer DeeOeeefjle metevee eeweesefiekeer GlheeoeW eLee Fbjves yeQefkebie, SmeSceSme/Heesve
yeQefkebie, kesverke=le eske emebmkejCe eCeeueer, eske ^bkesMeve efmemce, Fbme [sefye kee[&, DeejerpeerSme/
SveF&SHeer nsleg m^s-Let-eesmesefmebie, Dee@@veueeF&ve kej mebienCe, F&-SHe[er leLee egefveboe MeeKeeDeesb ceW
F&-ueeGbpe ves ieenke mesJee ceeveob[eW keer iegCeJeee ceW heee&hle Je=ef keer nw.
The Bank has been leveraging technology for enhancing the efficiency and
productivity and thereby improving the standards of customer service. All the
delivery channels are stabilized under the core banking net work. The Bank has
also completed the implementation of CBS in its sponsored RRB, i.e. Maharashtra
Gramin Bank by bringing all its 327 branches under Core Banking Network. The
technology enabled IT products like Internet banking, SMS/Phone Banking,
Centralized Cheque Processing system, Cheque Truncation System, Insta Debit
Cards, straight-through-processing for RTGS /NEFT, On line Tax collection, e-FD
and e-Lounge in select branches, have added significant value to the customer
service standards.
ceeveJe mebmeeOeve eyebOeve
Human Resource Management
yeQke ves Yeleer&, keewMeue Je=ef, kewefjej eieefle leLee ceeveJe hetbpeer kes keueeCe nsleg Ske Jeeheke ceeveJe
mebmeeOeve eyebOeve veerefle mLeeefhele keer nw. Je<e& kes oewjeve yeQke ves 807 efueefhekeeW leLee 152 DeefOekeeefjeeW
keer Yeleer& keer nw. meYeer JesleveceeveeW ceW heoesvveefle eefeee hetCe& keer ieF& nw. kece&eeefjeeW kes keee& keewMeue
ceW Je=ef keer efvejblej eefeee kes YeeiemJehe kegue 8738 kece&eeefjeeW ves efJeefYevve Deebleefjke SJeb yeee
eefMe#eCe keee&eceeW ceW menYeeie efueee. cesjs eje efvepeer leewj hej ceneeslevee veeceke Ske efJeefMe<
ceeveJe mebmeeOeve eeeme efkeee ieee efpemekee GsMe eleske kece&eejer mes efJeeej-efJeceMe& kejvee leLee
yeQke keer efebleeDeesb kes eefle mekeejelceke eeflemeeo nsleg Gmes DeefYeesefjle kejvee Lee. 100 efoveeW keer Deuhe
DeJeefOe ceW meYeer 32 #es$eesb kee oewje efkeee ieee leLee 10000 mes DeefOeke kece&eeefjeeW kees mebyeesefOele
efkeee ieee. Fme hej Deer eefleefeee eehle ngF&.
The Bank has put in place a comprehensive HRM policy for recruitment, skill
enhancement, career progression and welfare of human capital. During the year,
the Bank recruited 807 clerks, and 152 officers. The promotional process across
the scales has been completed. A total of 8748 employees participated in
different in-house and external training programmes, in an ongoing process of
enhancing their working skills. Mahachetana was a unique HR initiative personally
undertaken by me to interact and motivate every employee to respond positively
to the concerns of the Bank. In a short period of 100 days, all the 32 Regions
were visited and more than 10,000 employees were addressed. This evoked a
good response.
Je<e& 2010-11 kes oewjeve eefle kece&eejer JeJemeee `7.62 kejes[ mes ye{kej `8.25 kejes[ hengbe
ieee.
The Business per Employee grew from Rs 7.62 crore to 8.25 crore during the
year 2010-11
efJeeere meceeJesMeve
Financial Inclusion
efJeeere meceeJesMeve heefjeespevee kes DeOeerve yeQke kees 31.03.2012 leke 1215 yeQefkebie mesJee jefnle
ieebJeeW ceW yeQefkebie mesJeeSb Gvekes ej leke hengbeeves kee keee& meeQhee ieee nw. yeQke ves JeJemeee eefleefveefOe
cee@[ue kes eje Je<e& kes efueS 463 ieebJeeW kes ue#e kes efJehejerle 484 ieebJeeW kee meceeJesMe efkeee nw leLee
efJeeere meceeJesMeve Jeeues 2 ieebJeeW ceW MeeKeeSb Keesueer nQ.
The Bank is assigned 1215 unbanked villages under the Financial Inclusion
Project to provide banking services at their doorsteps by 31.03.2012. As on
31.03.2011, the Bank has covered 484 villages, as against the target of 463
villages for the year, through Business Correspondent model and opened two
branches in financial inclusion villages.
yew"ke ceW eee& kes efyebogDeeW kees vees kejles ngS ceneeyebOekeieCe
General Managers noting down points in the meeting
10
Shareholders speaking at the Annual General Meeting.
Jeeef<e&ke Deece meYee ceW yeesueles ngS MesejOeejke

meeceeefpeke yeQefkebie leLee efveieefcele meeceeefpeke GejoeefelJe
Social Banking and Corporate Social Responsibility
yeQke ves ieeceerCe SJeb eeLeefcekelee #es$e keer DeeJeMekeleeDeesb keer hetefle& keer nw. 31.03.2011 kees
eeLeefcekelee #es$e kes DeOeerve yekeeee Deefiece iele Je<e& kes meceeeesefpele efveJeue yeQke $e+Ce kee
40.66% nw peyeefke ue#e 40% kee Lee. yeQke ceneje<^ kes efueS jepe mlejere yeQkej meefceefle kee
mebeespeke nw leLee ceneje<^ kes n efpeueeW eLee Deewjbieeyeeo, peeuevee, veeefmeke, hegCes, meeleeje
leLee "eCes ceW DeieCeer yeQke kee oeefelJe efveYee jne nw. Deheves keeheexjs meeceeefpeke GejoeefelJe kes
YeeiemJehe yeQke ves efJeefYevve keueeCe heefjeespeveeSb DeejbYe keer nQ. ceneje<^ kes hegCes efpeuee ceW
efYeieJeCe leLee n[hemej ceW yeQke kes ieeceerCe efJekeeme kesv leLee yeQke eje mLeeefhele ieeceerCe efJekeeme
HeeGb[sMeve veeceke veeme efkemeeveeW leLee ieeceerCe #es$e kes ueeYe nsleg Deveske efJekeemeelceke
ieefleefJeefOeeeb eueeles nQ. ceneyeQke mJe jespeieej eefMe#eCe mebmLeeve ieeceerCe egJekeeW SJeb ceefnueeDeesb
kees JeeJemeeefeke eefMe#eCe eoeve kejlee nw. yeQke eje mLeeefhele ceefnuee ieeceerCe Je yeeueke efJekeeme
ceb[ue veeceke Ske SvepeerDees ieef"le efkeee ieee nw pees mJe meneelee mecetneW kes efJekeeme ceW meefee
menYeeie ueslee nw. yeQke ves hegCes, veeefmeke leLee Deewjbieeyeeo ceW leerve efJeeere mee#ejlee Je $e+Ce
hejeceMe& kesv Keesues nQ.
The Bank has catered to the needs of the rural and priority sector. The
outstanding advances under priority sector as of 31.03.2011, constituted 40.66%
of the Adjusted Net Bank Credit of the previous year, as against the target of
40%.The Bank is Convener of the State Level Bankers' Committee for
Maharashtra and has the Lead Bank responsibility for 6 districts in Maharshtra,
viz. Aurangabad, Jalna, Nasik, Pune, Satara and Thane. As part of its corporate
social responsibility, the Bank has put in place various welfare projects. The
Bank's Rural Development Centers at Hadapsar and Bhigwan in Pune District of
Maharashtra and Mahabank Agricultural Research and Rural Development
Foundation, a trust established by the Bank, undertake various developmental
activities for the benefit of the farmers and the rural sector. Mahabank Self
Employment Training Institute provides vocational training to the rural youth and
women. The Gramin Mahila Va Balak Vikas Mandal, is an NGO formed by the
Bank which is actively involved in development of the Self Help Groups. The
Bank has also opened three Financial Literacy & Credit Counseling Centers in
Pune, Nasik and Aurangabad.
yeQke ves Meejerefjke he mes, <er mes leLee ceeveefmeke he mes efJekeueebieeW kes keueeCe nsleg peebe efMeefJej
ueieeves SJeb GhekejCe Fleeefo eoeve kejves Deewj ieeceerCe #es$eesb ceW mJelee DeefYeeeve eueeves pewmeer
Deveske heefjeespeveeSb DeejbYe keer nQ.
The Bank has also undertaken projects for the welfare of the physically, visually,
and mentally challenged by providing check-up camps, equipments etc. and
sanitation projects in rural areas.
meneeke kebheefveeeb
Subsidiaries
efo ceneje<^ Sefkepe]keetj Sb[ ^mer kebheveer ee.efue. yeQke keer Skecee$e meneeke kebheveer nw leLee en
^mer JeJemeee eyebOeve, JemeereleeW kes efve<heeove leLee DeJeemkeeW keer mebheefe keer mebj#ekelee Fleeefo
mesJeeSb eoeve kejleer nQ. kebheveer ves 31.03.2011 kees meceehle Je<e& nsleg .13.80 ueeKe kee efveJeue
ueeYe Deefpe&le efkeee nw.
The Maharashtra Executor & Trustee Co. Pvt. Ltd. is the only subsidiary of
the Bank and it is engaged in providing services in the area of trusteeship
business management, execution of wills, guardianship of minor's properties
etc. The company has earned a net profit of ` 13.80 lakh for the year ending
31.03.2011.
veF& henue
New Initiatives
Je<e& kes oewjeve yeQke ves Deveske ekeej keer JeJemeee henue keer nw.
During the year, the Bank has taken several business initiatives.
efjsue $e+CeeW kes eYeeJeer eMeemeve nsleg 15 Hegkej Deeefmle MeeKeeSb leLee 18 Hegkej Deeefmle
kesv mLeeefhele efkeS ieS nQ.
15 Retail Asset Branches and 18 Retail Asset Centers were opened for
effective administration of retail loans
General Managers noting down points in the meeting
yew"ke ceW eee& kes efyebogDeeW kees vees kejles ngS ceneeyebOekeieCe
11
ueIeg GOeej KeeleeW ceW Jemetueer hej Oeeve kesefvle kejves nsleg 10 veepegke #es$eesb ceW met#ce Deeefmle
Jemetueer ke#e mLeeefhele efkeS ieS nQ.
met#ce efJee eoeve kejves leLee mJe meneelee mecetneW kee Oeeve jKeves nsleg oes mJe meneelee mecetn
MeeKeeSb Keesueer ieF& nQ.
ceneyeQke mJeCe& $e+Ce eespevee leLee DeeJeeme $e+Ce GOeejkelee&Dees nsleg ceneyeQke e@he-Dehe $e+Ce
eespevee kees efjsue $e+Ce GlheeoeW ceW Meeefceue efkeee ieee.
[eeceb[ eeuet Keelee veeceke veee $e+Ce pecee Glheeo DeejbYe efkeee ieee.
yeQke ves Deheves ieenkeeW leLee meeceeve pevelee kees etefveke heneeve mebKee peejer kejves nsleg
jefpemêj kes he ceW mesJeeSb osvee DeejbYe efkeee.
YeeJeer efkeesCe
Je<e& 2011-12 nsleg keeheexjs eespevee ceW Deehekes yeQke ves eeuet Je<e& kes oewjeve 21% keer JeJemeee Je=ef
oMee&les ngS `1,38,000 kejes[ kes JeJemeee mlej kees eehle kejves kee ue#e jKee nw. efvecveebefkele
hej Oeeve kesefvle efkeee peeSiee :
kece ueeiele peceejeefMeeeW leLee efjsue meeJeefOe peceejeefMeeeW ceW ieefleMeerue Je=ef.
met#ce, efjsue, SmeSceF& leLee efce[ keeheexjs $e+Ce meefnle $e+Ce ceW iegCeelceke SJeb JewefJeOehetCe&
Je=ef.
ieenke Deeeo ye{eves nsleg eeweesefiekeer kee eeesie kejles ngS ieenke DeeOeej ceW efJemleej.
Deeefmle iegCeJeee ceW Je=ef nsleg cepeyetle $e+Ce efveiejeveer Gheee kejvee.
meg{ vekeo Jemetueer leLee Devepe&ke DeeefmleeeW kes mlej ceW keceer.
Meguke DeeOeeefjle Deee ceW cee$eelceke Je=ef.
Micro Asset Recovery Cells were opened in 10 critical Regions to focus on

recovery in small borrower accounts.
2 SHG branches were opened to exclusively deal with the micro financing
and take care of Self Help Groups.
Mahabank Gold Loan scheme, and Mahabank Top-up Loan Scheme for
housing loan borrowers were added to the retail credit products.
A new current deposit product, Diamond Current Account' was introduced.

The Bank has started the services as Registrar for the issue of Unique
Identification Number to its customers as well as general public.
Future Outlook
In the Corporate Plan for the year 2011-12, your Bank has targeted a
business growth of 21% to achieve a business level of `1,38,000 crore in the
current year. The focus will be on :
Accelerated growth of low cost deposits and retail term deposits

Qualitative and diversified growth in credit including Micro, retail, SME and
mid corporate credit
Expansion of customer base by leveraging technology to enhance customer

delight.
Strong credit monitoring measures to enhance the asset quality.

Robust cash recovery and reduction in NPA level
Quantum increase in fee- based income
hegjmkeej SJeb GheueefyOeeeb
Awards and Achievements
yeQke kees efj]peJe& yeQke jepeYee<ee Meeru[ eefleeesefielee ceW Je<e& 2009-10 nsleg efYee<eer ie=nheef$ekee
hegjmkeej eehle ngDee nw leLee Deehekes DeOe#e Deewj eyebOe efveosMeke ves Yeejleere efj]peJe& yeQke kes
ceeveveere ieJeve&j [e@. [er. megyyeejeJe mes en hegjmkeej eehle efkeee. ceeveJe mebmeeOeve henue nsleg Fbefoje
ieghe Dee@@He Fvmeret, hegCes eje Deehekes yeQke kees es<" efveeespeke yeeb[ hegjmkeej eoeve efkeee
ieee nw.
The Bank has received Bilingual House Magazine Award for the year 2009-10, in
'Reserve Bank Rajbhasha Shield Competition' and the prize was received by
your Chairman and Managing Director from Dr. D. Subbarao, Hon'ble Governor,
Reserve Bank of India. Your Bank is conferred with the Best Employer Brand
Award for 2010-11, for HR initiatives, from Indira Group of Institutes, Pune.
DeeYeej
Fme DeJemej hej ceQ MesejOeejkeeW, ieenkeeW leLee Deve efnleOeejkeeW mes eehle meneesie SJeb eee kes
efueS ke=le%eleehetJe&ke DeeYeej Jekele kejlee ntb. ceQ Yeejle mejkeej leLee Yeejleere efj]peJe& yeQke eje
cetueJeeve ceeie&oMe&ve SJeb meceLe&ve nsleg GvnW OeveJeeo oslee ntb. ceQ Yeejleere eefleYetefle Deewj SkemeeWpe
yees[& leLee Deve efveeeceke eeefOekeeefjeeW Je me@ke SkemeeWpeeW eje efoS ieS meneesie nsleg GvnW Yeer
OeveJeeo oslee ntb. ceQ uesKee hejer#ekeeW, efJeefOe meueenkeejeW, hejeceMe&oeleeDeesb leLee mebheefke&eeW eje efoS
ieS eesieoeve leLee efJeefYevve jepe mejkeejeW, yeQkeeW, efJeeere mebmLeeveeW leLee ceeref[ee kes cetueJeeve
meceLe&ve nsleg Gvekee DeeYeej Jekele kejlee ntb. ceQ efveosMeke ceb[ue ceW cesjs meneesefieeeW eje yeQke kes
mebeeueve ceW efoS ieS cetueJeeve eesieoeve kee GuuesKe kejvee eentbiee. ceQ yeQke ceW cesjs DeefOekeejer SJeb
kece&keej meneesefieeeW keer meceefhe&le eefleyelee kes eefle Yeer DeeYeej Jekele kejlee ntb.
Acknowledgement
meceeheve
Dehevee JekeleJe meceehle kejves mes henues ceQ Deehekees efJeMJeeme efoueevee eentbiee efke Deehekes yeQke ves
efvejblej iegCeJeeehetJe&ke Je=ef nsleg Gefele jCeveerefleeeb leweej keer nQ. Deehekes yeQke kees veF& TbeeF&eeW
leke ues peeves nsleg ceQ Deehekes efvejblej meceLe&ve SJeb eee keer keecevee kejlee ntb.
Conclusion
Deehe meyekee neefo&ke OeveJeeo.
Thank you very much.
I take this opportunity to express my deep sense of gratitude to the shareholders,

customers and other stakeholders for their support and patronage. I am thankful
to the Government of India and Reserve Bank of India for their valuable guidance
and support. I also thank SEBI and other Regulatory Authorities and stock
exchanges for their co-operation. I acknowledge contributions made by auditors,
legal advisors, consultants and correspondents and valuable support of various
state governments, banks, financial institutions and media. I would like to place
on record the valuable contribution of my colleagues on the Board in steering the
course of the Bank. I also acknowledge the deep sense of commitment on the
part my officers and workmen colleagues in the Bank.
Before I conclude, I would like to assure you, that your Bank has put in place
appropriate strategies for sustained qualitative growth. I seek your continued
support and patronage to take your Bank to new heights.
A. S. Bhattacharya
S. Sme. Yedeeee&
hegCes
27 petve 2011
Pune
27th June 2011
Fmes Jeeef<e&ke Deece meYee keej&JeeF&eeW kee DeefYeuesKe ve ceevee peeS.
This does not purport to be record of the proceedings of the Annual General
Meeting.
12

Directors' Report
1.
DIRECTORS REPORT
Deehekes efveosMeke 31 ceee&, 2011 kees meceehle Je<e& kes efueS uesKee hejeref#ele leguevehe$e Deewj ueeYe Je
neefve Keeles Deewj JeJemeee SJeb heefjeeueve hej efjhees& kes meeLe yeQke keer Jeeef<e&ke efjhees& men<e& emlegle
kejles nQ.
Your Directors have pleasure in presenting the Annual Report of the Bank with
the audited Balance Sheet, Profit & Loss Account and the Report on Business
and Operations for the year ended March 31, 2011.
eyebOeve eee& Deewj efJeMues<eCe
MANAGEMENT DISCUSSION AND ANALYSIS
mLetue DeeefLe&ke Deewj ceewefke JeeleeJejCe
1.
Macro Economic and Monetary Environment
1.1 Economic Scenario in 2010-11
1.1 Je<e& 2010-11 ceW DeeefLe&ke heefjMe

2007-09 mes Glhevve Jewefeke efJeeere mebke mes Yeejleere DeLe&JeJemLee meHeueleehetJe&ke GYej ieF&.
Je<e& 2009-10 kes oewjeve 8 eefleMele keer Je=ef oj Deewj efJeeere Je<e& 2010-11 keer 8.6 eefleMele
(Deefiece Devegceeve) keer Je=ef oj kees Oeeve ceW jKee peeS lees keeeekeuhe keeHeer leerJe ieefle mes ngDee.
ke=ef<e ceW ngF& 5.4 eefleMele Deewj Deeweesefieke leLee mesJee #es$e ceW ngF& 8 eefleMele mes DeefOeke keer cepeyetle
Je=ef kes heefjCeecemJehe efJeeere Je<e& 2010-11 ceW Gelej Je=ef ngF&.
The Indian economy has emerged successfully from the financial turmoil
witnessed globally from 2007-09.Turnaround has been quite fast considering
the 8 per cent growth in 2009-10 and 8.6 per cent (advance estimate) in FY
2010-11. Higher growth in FY 2010-11 hinge on robust growth of 5.4 per
cent in agriculture and more than 8 per cent growth in both the industrial and
services sectors.
$e+Ce ceebie ceW Je=ef, efJeosMeer cege yeepeej ceW efmLejlee Deewj meg{ F&efkeJeer yeepeej meyekes meceie
Demej ves efJeeere yeepeejeW kees yesnlej yeveeS jKee. Dekeletyej 2010 kes yeeo efveee&leeW ceW Je=ef Deewj
DeeeeleeW ceW keceer kes keejCe eeuet Keeles kes Iees ceW ceecetueer keceer DeeF&. efJeeere Je<e& 2010-11
kes henues 11 ceen kes oewjeve Yeejle ceW mebeeer efJeosMeer ele#e efveJesMe ceecetueer he mes kece neskej
$25.9 efyeefueeve jne. leLeeefhe Jewefeke IekeeW Deewj kechetj mesJeeDeesb, efJeeere mesJeeDeesb, yeQefkebie
Deewj efJeefvecee&Ceer ieefleefJeefOeeeW ceW kecepeesj Deblee&Jeen kes keejCe en efmLeefle DemLeeF& jnves kee
Devegceeve nw.
Pick up in credit demand, stable foreign exchange market and robust equity
market all ensured that the financial markets remained on course. Current
Account Deficit is also likely to moderate with increase in exports and
slowdown in imports post October 2010. Cumulative FDI into India during
the first 11-months of the FY 2010-11 moderated to $25.9 billion. However
this is likely to be a temporary phenomenon considering the global factors
and weak inflows into sectors like computer services, financial services,
banking, and construction.
Je<e& kes oewjeve Leeske cetue metekeebke 10 eefleMele leke yevee jne Deewj efpemekes heefjCeecemJehe kesvere
yeQke kees ceF& 2011 kes oewjeve ngF& ceewefke meceer#ee ceW Dee"JeeR yeej ecegKe veerefleiele ojeW ceW Je=ef kejves
kees cepeyetj efkeee. Yeejleere efj]peJe& yeQke eje Dekeletyej-efomebyej 2010 keer DeJeefOe kes oewjeve efkeS
ieS Ske meJex#eCe ( meJex#eCe kes 22JeW ee ceW 12 MenjeW kes 4000 IejeW ceW meJex#eCe efkeee ieee) mes
en eke ngDee efke Deece ie=nmLe kees cegemHeerefle mes efkemeer ekeej keer jenle keer Dehes#ee veneR nw. "erke
Fmekes efJehejerle GvnW DeeMee nw efke Je<e& kes Deble leke cegemHeerefle keer oj ye{kej 13 eefleMele mes DeefOeke
nes peeSieer. cegemHeerefle kes Ge DevegceeveeW mes cetueeW ceW Deewj DeefOeke oyeeJe DeeSiee. heefjCeecemJehe
uebyes mecee ceW cepeotjer ceW Yeer Je=ef kejveer nesieer Deewj cegemHeerefle ye{sieer. Debleje&<êre cege kees<e pewmeer
mebmLeeDeesb ves ueieeleej Ge cegemHeerefle kees menve #ecelee mes DeefOeke Je=ef kee heefjCeece yeleeee nw, pees
Je<e& 2011-12 kes Yeejle kes Je=ef DevegceeveeW ceW keceer kejsiee.
Wholesale Price Index (WPI) hovered around 10 per cent during the year
forcing the central bank to raise key policy rates for the eighth time in
almost a year during its monetary policy review in the month of May 11.
A survey conducted by the Reserve Bank of India (RBI) during OctoberDecember 2010 (22nd round of the survey conducted among 4,000
urban households across 12 cities) has revealed that households do not
expect any respite from the high inflation. On the contrary, they expect the
inflation to rise to more than 13 per cent by the year end. Elevated inflation
expectations suggest that underlying price pressures persist, which could
result in increased wage pressures and sticky inflation in long run. The
continuously high inflation is being viewed as a case of overheating by
some bodies like IMF which have cut down the growth projections for India
for the year 2011-12.
efJeeere Je<e& 2010-11 kes oewjeve jepekees<eere meceskeve heefjkeuhevee kes Devegmeej 5.1 eefleMele kes
Gefele mlej hej yevee jne. efJeeere Je<e& 2011-12 kes efueS keWere yepe ceW mejkeej eje Ieesef<ele
4.6 eefleMele kee jepekees<eere Ieee efJeeere Je<e& 2011-12 kes efueS eespevee Deeeesie eje efveOee&efjle
ue#e 4.8 eefleMele mes kece jnsiee, pees jepekees<eere meceskeve kes eefle mejkeej keer eefleyelee kees
oesnjelee nw. yepe ceW 2012-13 kes efueS 4.1 eefleMele Deewj 2013-14 kes efueS 3.5 eefleMele kee
heefjJele&veMeerue ue#e efveOee&efjle efkeee ieee nw.
Fiscal consolidation remained on track in the fiscal year 2010-11 at 5.1

per cent as envisaged. Fiscal deficit of 4.6 per cent, announced by the
Government in the Union Budget for FY 2011-12, would be below the
Planning Commissions target of 4.8 per cent set for FY 2011-12 and
reiterates the Governments commitment on fiscal consolidation. Budget
has set the rolling targets at 4.1 per cent for 2012-13 and 3.5 per cent for
2013-14.
1.2 Je<e& 2010-11 kes oewjeve Yeejleere yeQefkebie Geesie kee keee&efve<heeove
1.2 Performance of Indian Banking Industry in 2010-11
Jewefeke efJeeere mebke kes oewjeve Yeejleere yeQefkebie keeHeer meg{ yeveer jner. 2009-10 keer
Debeflece efleceener mes yeQke $e+Ce keer ceebie ceW DeeF& Je=ef 2010-11 kes oewjeve Yeer yeveer jner, pees
meg{ Geesie Je=ef mes Glhevve megOeeefjle ceebie kee eefleefyebye nw. Je<e& 2010-11 keer eLece efleceener ceW
meg{ $e+Ce Je=ef DebMele: sefuekee@ce Dee@@hejsjeW keer DeefOeke $e+Ce DeeJeMekeleeDeesb keer hetefle& nsleg
ngF&. Je<e& 2009-10 kes oewjeve ngF& 16.9 eefleMele Deewj 2008-09 ceW 17.5 eefleMele keer Je=ef
keer leguevee ceW efoveebke 25.03.2011 leke $e+CeeW ceW 21.4 eefleMele keer Je=ef ngF&, pees hetCe& Je<e& kes
efueS Devegceeefvele 20 eefleMele mes keeHeer DeefOeke nw. efheues Je<e& keer leovegheer DeJeefOe kes oewjeve iewj
Keeeevve mekeue yeQke $e+Ce ceW ngF& 17.1 eefleMele keer Je=ef keer leguevee ceW Je<e& 2010-11 kes oewjeve
iewj KeeeeVe mekeue yeQke $e+Ce ceW Je=ef 21.2 eefleMele ngF&.
Indian Banking remained resilient during the global financial crisis. Bank
credit growth that started picking up from the last quarter in 2009-10
continued its momentum in 2010-11 as well, a reflection of the improved
demand conditions. The strong credit growth in the first Quarter of 2010-11
was mainly due to the increased credit requirement of telecom industry.
Credit growth increased to 21.4 percent up to 25th March 2011, well above
the projected trajectory of 20 percent for the full year. The credit growth
was 16.9 per cent in 2009-10 and 17.5 per cent in 2008-09. During the year
2010-11, non-food gross bank credit growth was 21.2 per cent as compared
to 17.1 per cent during the corresponding period of previous year.
Je<e& 2010-11 ceW meceie peceejeefMeeeW ceW Je=ef oj 15.8 eefleMele hej kece jner keeeWefke lespeer mes
megOejles ngS Deeefmle yeepeej (efjDeue Fms, mJeCe& Deewj me@ke yeepeej) mes efceueves Jeeueer Deee keer
leguevee ceW JeemleefJeke yeepe ojW kece jner.
Growth in Aggregate Deposits in 2010-11 was lower at 15.8 per cent as the
real interest rates were depressed, in comparison with the returns in fast
recovering asset markets. (real estate, gold and stock markets)
Higher growth in credit and low growth momentum in deposits in 2010-11
caused the credit-deposit ratio to increase from 72.2 per cent in end March
2010 to 75.7 per cent as on 25th March 2011.
Je<e& 2010-11 ceW $e+Ce ceW Tbeer Je=ef leLee peceejeefMeeeW ceW kece Je=ef ieefleMeeruelee kes keejCe $e+Ce
pecee Devegheele ye{kej 25 ceee& 2011 kees 75.7 eefleMele nes ieee pees ceee& 2010 kes Deble ceW 72.2
eefleMele Lee.
Due to higher credit off-take and tight liquidity conditions, commercial

banks investment in government and other approved securities remained
low at 27.3 per cent of total investment as compared to 29.2 per cent in the
previous year. Consequently the investment deposit ratio also declined
from 30.8 per cent in end March 2010 to 28.82 per cent on 25th March 2011.
Ge $e+Ce Je=ef Deewj ke[er lejuelee efmLeefle kes keejCe JeeefCeefpeke yeQkeeW kes mejkeejer Deewj Deve
Devegceesefole eefleYetefleeeW ceW efveJesMe efheues Je<e& kes 29.2 eefleMele keer leguevee ceW kegue efveJesMe mes
27.3 eefleMele kes kece mlej hej yeves jnW. heefjCeecemJehe efveJesMe pecee Devegheele ceee& 2010 kes
30.8 eefleMele mes Iekej 25 ceee& 2011 kees 28.82 eefleMele jn ieee.
Sectoral deployment of credit remained broad based in FY 2010-11, with

high growth in flow of credit to services (23.9 per cent) and personal loans
(17 per cent).
mesJeeDeesb ceW (23.9 eefleMele) leLee Jeefeiele $e+CeeW ces (17 eefleMele) Ge $e+Ce eJeen kes meeLe
efJeeere Je<e& 2010-11 kes oewjeve yeQke $e+CeeW kee #es$eJeej efJeefveeespeve efJemle=le DeeOeeefjle jne.
15

1.3 heefjMe
1.3 Outlook
Growth is expected to moderate at around 8 percent in 2011-12. Against
the backdrop of uncertainty in the global front, persistent inflation, high oil
and other commodity prices, high interest rates and signs of slowdown in
capital goods production and Investment spending since the second half
of the year 2010-11, it would be a challenge for the government to propel
growth and contain inflation simultaneously in FY 2011-12. RBI has already
announced increase in repo rate by 50 basis points from 6.75 per cent to
7.25 per cent in its bid to combat inflation, in the Monetary Policy announced
on 3rd May 2011. Thus RBIs measures to control inflation to sustain growth
over the medium term supplemented with the measures announced by the
Government in Budget 2012 for development of education, skill development
and research and development would help to boost the development of
human capital and help the economy to grow fast in the long run.
Je<e& 2011-12 kes GejeOe& ceW Jewefeke Deefveefelelee, ueieeleej Ge cegemHeerefle,lesue Je Deve JemlegDeesb
kes Ge cetue,Ge yeepe ojeW leLee hetbpeeriele ceeue kes Glheeove Je efveJesMe Kee& ceW keceer keer he=<"Yetefce
kes DeeOeej hej Devegceeve ueieeee ieee nw efke Yeejleere DeLe&JeJemLee Je<e& 2011-12 ceW 8 eefleMele
keer oj mes ye{sieer. Je<e& 2011-12 kes oewjeve mejkeej kes efueS egveewleer nesieer efke Jen Ge Je=ef oj
yeveeS jKeW Deewj meeLe-meeLe cegemHeerefle hej efveeb$eCe jKe mekeW. Yeejleere efjpeJe& yeQke ves 3 ceF&
2011 kees Ieesef<ele ceewefke veerefle ceW cegemHeerefle kees efveebef$ele kejves kes efueS jshees ojeW kees 50 DeeOeej
DebkeeW mes ye{ekej 6.75 eefleMele mes 7.25 eefleMele kejves keer Iees<eCee keer nw.DeuheeJeefOe ceW Je=efOo kees
yeveeS jKeves kes efueS Yeejleere efjpeJe& yeQke eje cegemHeerefle kees efveebef$ele kejves kes efueS efkeS ieS
Gheee mejkeej eje yepe 2012 ceW efMe#ee, kegMeuelee efJekeeme Deewj DevegmebOeeve Deewj efJekeeme kes
efueS Ieesef<ele GheeeeW kes Deveghe nQ Deewj oerIe&keeue ceW ceeveJe hetbpeer kes efJekeeme Deewj DeLe&JeJemLee kes
efJekeeme ceW meneeke neWies.
Backed by the strong fundamentals of the economy, Banking industry would

be able to meet expectations of its corporate clients and also reach out to
the under banked centres of India via its financial inclusion drive in much
more efficient manner in 2011-12 and beyond.
DeLe&JeJemLee kes meg{ yegefveeeo kes DeeOeej hej Devegceeve ueieeee ieee nw efke yeQefkebie Geesie Yeejle ceW
Deheves efveieefcele ieenkeeW keer Dehes#eeDeesb kees hetje kejsiee Je efJeeere meceeJesMeve DeefYeeeve kes ceeOece
mes kece yeQefkebie megefJeOeeDeesb Jeeues #es$eesb leke DeefOeke kegMeuelee mes Je<e& 2011-12 Deewj Gmemes Deeies Yeer
hengbelee jnsiee.
2.
Devegceeve ueieeee ieee nw efke Je<e& 2011-12 kes oewjeve Devegmetefele yeQkeeW keer meceie peceejeefMeeeb 17
eefleMele mes Deewj iewj Keeeevve $e+Ce 19 eefleMele mes ye{Wies. Dehes#ee nw efke Yeejle mejkeej yeQefkebie efJeefveece
DeefOeefveece ceW Je<e& 2011-12 kes oewjeve keg mebMeesOeve kejsieer leeefke Yeejleere efj]peJe& yeQke veS yeQefkebie
ueeF&mesvme peejer kej mekes. mejkeej ves Yeejleere yeQkeeW kees cepeyetle yeveeves kes Deheves DeefYeeeve kees peejer
jKeles ngS efJeeere Je<e& 2011-12 kes oewjeve ` 60 efyeefueeve keer jeefMe efeefvnle keer nw leeefke mejkeejer
#es$e kes yeQke 8 eefleMele kee efej 1 hetbpeer heee&hlelee Devegheele yeveeS jKe mekeW. en Je<e& 2010-2011
kes oewjeve mejkeejer #es$e kes yeQkeeW ceW ueieeF& ieF& ` 20.150 kejes[ keer hetbpeer kes Deefleefjkele nw. Yeejleere
efj]peJe& yeQke ves henues ner mebkesle efoS nQ efke Jen Yeejleere yeQkeeW kees ueeiet yesmeue III esceJeke& kes megOeej
Gheee Yeer MeerIe ueeiet kejsiee. Dele: yeQefkebie Geesie ceW Fme ekeej kes keF& heefjJele&ve neWies pees ve kesJeue
Yeejleere yeQefkebie Geesie kes efueS Deefheleg Yeejleere DeLe&JeJemLee kes efueS Yeer peefue nQ.
Aggregate Deposits of SCBs are projected to grow by 17 per cent and non
food credit by 19 per cent in 2011-12. Government is expected to bring out
some amendments in the Banking Regulation Act in FY 2011-12 to enable
RBI to issue new banking licenses. To maintain its drive of strengthening
the Indian Banks, Government has earmarked a sum of ` 60 billion for FY
2011-12 to enable Public Sector Banks (PSBs) to maintain a minimum Tier
I CRAR at 8 per cent. This is in addition to about ` 20,150 Crore infused
to PSBs in FY 2010-11. Reserve Bank has already indicated that it would
implement the reform measures under Basel III framework which are
applicable in India. Banking industry is thus poised to witness many such
changes which would be critical not only to the Indian Banking industry but
also to the Indian economy.
peesefKece ceW keceer kes Ghejeble Yeer Deewj cegemHeerefleiele Dehes#eeDeesb keer ef mes Yeejleere DeLe&JeJemLee
ecegKe met#ce DeeefLe&ke mebkeslekeeW keer Melees kes Devegmeej megOeej Deewj meceskeve kejsieer.
Despite downside risks, in view of inflationary expectations, the Indian

economy is poised to improve and consolidate in terms of key macroeconomic
indicators.
yeQke kee keee& efve<heeove
2.
2.1 keejesyeej
2.1 Business
yeQke kee kegue keejesyeej 9.69 eefleMele keer Je=ef ope& kejles ngS 31.03.2011 kees ` 114,332
kejes[ kee jne.
Total business of the Bank stood at ` 114,332 crore as on 31.03.2011

registering growth of 9.69 per cent.
2.2 peceejeefMeeeb
2.2 Deposits
eeuet Je yeele KeeleeW keer peceejeefMeeeW ceW meg{ Je=efOo kes keejCe Je<e& kes oewjeve yeQke keer kegue
peceejeefMeeeW ceW ` 3541 kejes[ keer Je=efOo ngF& Deewj kegue peceejeefMeeeb ` 66,845 kejes[ nes ieF.
Fme ekeej ceee& 2010 kes ` 63,304 kejes[ kes mlej hej 5.59 eefleMele keer Je=ef ope& ngF&. meceeve
DeJeefOe ceW mekeue peceejeefMeeeW ceW 5.44 eefleMele keer Je=efOo ope& ngF&.
Driven by robust growth in current and savings account (CASA) deposits,

total deposits recorded growth of ` 3541 crore during the year to reach
` 66,845 crore, up by 5.59 per cent over the level of ` 63,304 crore as at the
end of March 2010. Aggregate deposits recorded growth of 5.44 per cent
over the same period.
Je<e& kes oewjeve ceebie (eeuet Keelee yeele Keelee) peceejeefMeeeW ceW 15.70 eefleMele keer Je=efOo ngF&
Deewj es 31.3.2011 kees ` 27,032 kejes[ keer jneR. yeQke keer kegue peceejeefMeeeW ceW yeele Je eeuet
peceejeefMeeeW kee efnmmee 40.44 eefleMele jne.
Demand (CASA) deposits increased by 15.70 per cent and stood at

` 27,032 crore as of 31.03.2011. CASA deposits constituted 40.44 per cent
of total deposits of the Bank.
2.3 Credit Deployment
2.3 $e+Ce DeefYeefveeespeve

yeQke ceW GOeejer veerefle ueeiet nw pees Yeejleere efj]peJe& yeQke eje peejer efJeefYeVe efoMeeefveoxMeeW leLee Yeejle
mejkeej kes eeLeefcekelee #es$e kees GOeejer ceeveoC[eW kes Deveghe nw. en veerefle iegCeveelceke $e+Ce Je=efOo
hej yeue osleer nw Deewj efJeefveeeceke DeeJeMekeleeDeesb kes meeLe-meeLe efJeJeskehetCe& efJeieesheve meerceeDeesb kee
Devegheeueve megefveefele kejleer nw.
The Bank has put in place a lending policy in conformity with the guidelines
issued by RBI and also the priority sector lending norms of the Government
of India. It emphasizes on qualitative credit growth and ensures compliance
with regulatory requirements as well as the prudential exposure limits.
Gross advances of the Bank increased from ` 40,926 crore as on 31.3.2010
to ` 47,487 crore as on 31.3.2011 with growth rate of 16.03 per cent.
mekeue Deefiece 16.03 eefleMele keer Je=efOo oMee&les ngS 31.03.2010 kees ` 40,926 kejes[ mes ye{kej
31.03.2011 kees ` 47,487 kejes[ nes ieS.
Credit deposit ratio (CDR) as on 31.3.2011 was 71.04 per cent as against
64.65 per cent as on 31.03.2010.
31.03.2010 kees $e+Ce pecee Devegheele 64.65 eefleMele Lee pees ye{kej 31.03.2011 kees 71.04
eefleMele nes ieee.
meYeer mlejeW hej eesmesefmebie ceW ueieves Jeeues mecee kees kece kejves kes efueS Deewj $e+Ce keer iegCeJeee
megOeejves kes efueS efJeefYevve keoce G"eS ieS. efvecveevegmeej Deveske veS eeeme efkeS ieS:
Several steps have been taken for reduction in the proposal processing
time at all levels and for improvement in the quality of credit. Several new
initiatives were taken, such as:
$e+Ce emleeJeeW kes DeeJeke Deewj meYeer mlejeW hej efmLeefle kee helee ueieeves kes efueS Jewye
DeeOeeefjle Devegeeesie
Web based application for inward of credit proposals and tracking of

status at all levels
$e+Ce cetueebkeve lekeveerkeeW ceW megOeej
Improvement in credit appraisal techniques
16
esef[ DeefOekeeefjeeW kes $e+Ce cetueebkeve SJeb efJeheCeve keewMeue kees Deeleve yeveeves kes efueS
GvnW eefMe#eCe eoeve efkeee ieee
ieenkeeW kes meeLe ele#e efJeeej-efJeceMe& kes efueS efJeefYeVe mLeeveeW hej ieenke yew"keW Deeeesefpele
keer ieF&b efpeveceW kesvere keeee&uee kes Jeefj keee&heeuekeeW ves menYeeie efueee.
Je<e& kes oewjeve heebe veS efJeosMeer cege efJeefvecee kesv, keeheexjs efJee MeeKeeDeesb ceW Yeer, Keesues
ieS leeefke ieenkeeW kees Ske ner mLeeve hej efJeosMeer cege efJeefvecee mesJeeSb eoeve keer pee mekeW.
lJeefjle $e+Ce mebefJelejCe megefveefele kejves kes efueS Je<e& kes oewjeve efJeefYeVe cebpetjeroelee eeefOekeeefjeeW
kes GOeejer DeefOekeejeW ceW Je=ef keer ieF& nw.
Training provided to credit officers to upgrade their credit appraisal &

marketing skills
Customers meet organized at various places with participation by

senior Executives from Central Office to have direct interaction with the
clients
Five new forex centres were opened during the year, including at
Corporate Finance branches, so as to provide forex services to
corporate clients under one roof.
During the year, lending powers of various sanctioning authorities have

been enhanced for speedier delivery of credit.
yeQke eje G"eS ieS efJeefYeVe keoceeW mes Je<e& kes oewjeve DeefieceeW mes Deee ceW megOeej ngDee nw.
As a result of various steps taken by the Bank, yield on advances has

improved during the year.
$e+Ce peesefKece efJemleejCe kes DeueeJee efveJeue yeepe ceeefpe&ve ye{eves leLee keesj $e+CeeW ceW Je=ef nsleg efce[
keeheexjs kees $e+Ce eJeen kes efueS yeQke ceW Ske Deueie ke#e kee ie"ve efkeee ieee nw. efce[ keeheexjs
$e+Ce legueveelceke he mes kece yeepe oj mebJesoer nesles nQ Deewj keesj $e+CeeW ceW Je=ef kes meeLe $e+CeeW
hej Ge Deee eoeve kejles nQ. FmeefueS efJeeere Je<e& 2011-12 nsleg efce[ keeheexjs kees efJeehees<eCe
yeQke kes efueS cenlJeJeeues #es$eesb ceW mes Ske nesiee.
To increase NIM and ensure core credit growth besides dispersion of credit
risk, a separate vertical for credit flow to Mid Corporates has been created
in the Bank. Mid Corporate credit is relatively less interest rate sensitive,
and provides core credit growth with relatively higher yield. Financing to Mid
Corporates would be one of the thrust areas for the Bank in the FY 2011-12.
2.3.1 efveefOeeeW kee #es$eJeej efJeefveeespeve
2.3.1 Sectoral Deployment of Credit
DeLe& JeJemLee kes efJeefYeVe Jeiees kees efJeehees<eCe kes mecee yeQke ves efJekesefvle $e+Ce mebefJeYeeie
yeveeS jKeves kee eeeme efkeee nw leeefke efJeefYeVe #es$eesb kees $e+Ce efJemleejCe megefveefele nes mekes.
yeQke ves DeLe&JeJemLee keer Je=efOo ceW eesieoeve osves Jeeues keesj, efJeefvecee&Ceer, eeLeefcekelee #es$e leLee
DeJemebjeveelceke heefjeespeveeDeesb kees meceLe&ve osves kes Deheves eeeme peejer jKes. jeêre DeeefLe&ke
Je=efOo eeLeefcekeleeDeesb kes Deveghe yeQke kee en Heeskeme YeefJe<e ceW Yeer peejer jnsiee.
While financing to various segments of the economy, the Bank has

endeavoured to maintain a diversified credit portfolio, with a view to ensuring
credit dispersion across sectors. The Bank has continued its efforts to
support core, manufacturing and priority sectors as well as infrastructure
projects, which serve to drive economic growth. This focus of the Bank will
continue in future, in line with the national economic growth priorities.
31.03.2011 kees GeesieJeej $e+Ce efJeefveeespeve efvecveevegmeej jne:
Industry wise credit deployment as on 31.03.2011 is as under.
eb.
2
3
4
5
6
7
efJeefveeesefpele $e+Ce
Geesie
FmeceW mes
i DeJemebjeveelceke
ii jmeeeve, [ee Je hesv Fleeefo
iii hesêsefueece
iv ueesne Je merue
v SveyeerSHemeer Je ^sef[bie
vi Fbefpeefveeefjbie
vii efJeefvecee&Ce
viii Deve Geesie
ke=ef<e
SceSmeSceF&
DeeJeeme
efMe#ee
efveee&le
JeeefCeefpeke Yet mebheoe
31.03.2011
kegue yekeeee $e+Ce
kees yekeeee
mes eefleMele
( kejes[ ceW)
27,432.48
57.77
8045.74
1117.31
563.59
1549.08
8298.98
4243.92
530.66
3,083.20
4691.17
7,037.31
4288.26
412.20
757.29
809.82
Sr.
No.
1
Credit deployed
Industry
Outstanding
as on
31.03.2011
` in crore
Percentage
to total credit
outstanding
27,432.48
57.77
8045.74
16.94
1117.31
2.35
563.59
1.19
Of which
16.94
2.35
1.19
3.26
17.48
8.94
1.12
6.49
9.88
14.82
9.03
0.87
1.59
1.71
i.
Infrastructure
ii. Chemicals, Dyes, Paints etc

iii. Petroleum
iv. Iron & Steel
1549.08
3.26
v. NBFCs & Trading
8298.98
17.48
vi. Engineering
4243.92
8.94
vii. Construction
530.66
1.12
viii. Other Industries
3,083.20
6.49
Agriculture
4691.17
9.88
MSME
7,037.31
14.82
Housing
4288.26
9.03
Education
412.20
0.87
Exports
757.29
1.59
Commercial real estate
809.82
1.71
2.3.2 Credit Administration and Monitoring
2.3.2 $e+Ce eMeemeve Deewj efveiejeveer
From the quarter ending March 2011, Bank has started identifying the NPAs
from the transaction software as per the guidelines of Govt. of India, which
hitherto was being done by the CREAM system. The CREAM database helped
to track the recovery/turnover in each borrowal account and helped to pick up
early warning signals for timely & effective monitoring of the accounts.
ceee&, 2011 kees meceehle efleceener mes, Yeejle mejkeej kes efoMeeefveoxMeeW kes Devegmeej yeQke ves Devepe&ke
DeeefmleeeW kee DeefYeefveOee&jCe mebJeJenej mee@HeJesej mes DeejbYe kej efoee nw, pees Deye leke eerce
eCeeueer mes efkeee peelee Lee. eleske GOeej Keeles ceW ve&DeesJej/Jemetueer kee helee ueieeves ceW Deewj KeeleeW
keer mecee hej leLee eYeeJeer efveiejeveer kejves kes efueS hetJe& esleeJeveer mebkesle heke[ves ceW eerce eCeeueer
kes [ee-yesme mes ceoo efceueer nw.
Now the Core Banking solution helps to monitor the borrowal accounts on
day to day basis. The slippage report is available on day to day basis which
is helpful in tracking the account and keep the quality aspect of the borrowal
account intact.
Deye GOeej KeeleeW keer owefveke DeeOeej hej efveiejeveer kejves ceW keesj yeQefkebie meesuetMeve ceoo kejlee
nw. owefveke DeeOeej hej keesefDeJeveeve efjhees& GheueyOe nw, pees Keeles kee helee ueieeves ceW leLee GOeej
Keeles keer iegCeJeee yeveeS jKeves ceW meneeke nw.
GOeej KeeleeW keer $e+Ce iegCeJeee keer Deewj DeefOeke efveiejeveer DeeJeefOeke he mes Deeefmle keee&efve<heeove
hegvejer#eCe, $e+Ce SJeb me@ke uesKee hejer#ee kes ceeOece mes megefveefele keer peeleer nw.
The credit quality of borrowal accounts is further monitored through

periodical asset performance review, credit audit and stock audit.
$e+Ce iegCeJeee, $e+Ce eMeemeve,efJeefveecevekeejer Devegheeueve leLee $e+Ce Devegceesove eefeee keer meceer#ee
ceW $e+Ce efveiejeveer meneeke nesleer nw.
Credit monitoring helps at improving the credit quality, credit administration,

regulatory compliance and review of credit approval process.
17

2.4 Deeefmle efve<heeove
2.4 Asset Performance
yeQke ves efJeeere Je<e& 2010-11 kes oewjeve Devepe&ke DeeefmleeeW ceW ` 405.75 kejes[ keer vekeo Jemetueer
keer nw. FmeceW mes uespej Mes<e ceW ` 277.70 kejes[, yesKeeles ceW [eues ieS KeeleeW ceW ` 90.38 kejes[
Deewj Deeege yeepe ceW ` 37.67 kejes[ keer Jemetueer ngF& nw. Fmekes Deefleefje ` 107.70 kejes[ keer
Devepe&ke DeeefmleeeW kee Depe&ke DeeefmleeeW ceW keesefGVeeve efkeee ieee nw.
Bank has achieved total cash recovery of ` 405.75 crore in respect of

NPAs during the fiscal 2010-11, of which recovery in ledger balance is
` 277.70 crore, recovery in written off accounts ` 90.38 crore and recovery
in unapplied interest ` 37.67 crore. This is besides up gradation in NPAs to
the tune of ` 107.70 crore in to performing assets.
iele Je<e& ngF& Jemetueer (` 254.27 kejes[) keer leguevee ceW yeQke ves Fme Je<e& 59.62 eefleMele megOeej
ope& efkeee nw. DeefleoseleeDeesb keer Jemetueer nsleg etkekelee& GOeejkelee&Deesb kes meeLe he$eesb leLee veesefmeeW
kes ceeOece mes ienve DevegJele&ve, Jemetueer kewche leLee ueeske Deoeuele leLee SmeSDeejSHeSF&SmeDeeF&
DeefOeefveece kes eeJeOeeveeW kee eYeeJeer keeee&vJeeve, cegkeocee oeej SJeb [erDeejer ceeceueeW ceW lJeefjle
efveCe&e uesves nsleg JekeerueeW kes meeLe DevegJele&ve Fleeefo kes keejCe en mebYeJe nes heeee nw.
The Bank has registered 59.62 per cent improvement over the previous
years recovery performance (` 254.27 crore). This was possible due
to intensive follow up with the defaulting borrowers through letters &
notices, recovery camps & Lok Adalatas and effective implementation of
the provisions of SARFAESI Act and follow up with advocates for early
decisions in suit filed & DRT cases.
eeuet Je<e& kes oewjeve meyemes cenlJehetCe& henue en Leer efke ` 10.00 ueeKe leke kes Mes<e Jeeues Devepe&ke
DeeefmleeeW ceW Jemetueer nsleg 10 #es$eere keeee&ueeeW ceW met#ce Deeefmle Jemetueer ke#eesb keer mLeehevee keer ieF&.
Fve ke#eesb ves yengle GlmeenJeOe&ke keee&efve<heeove oMee&ee Deewj 4 ceen keer DeJeefOe ceW ner kegue ` 47
kejes[ keer Jemetueer keer.
One of the important initiatives during the current year was establishment of
Micro Assets Recovery Cells (MARCs) in 10 Regional Offices for recovery
of NPAs with balances up to ` 10 lakh. These MARCs have shown a very
encouraging performance and have recovered a total amount of ` 47 crore
within a period of 4 months.
5.00 ueeKe leke kes Mes<e Jeeues Devepe&ke DeeefmleeeW ceW Jemetueer nsleg efJeMes<e Ske yeej efveheeje
eespevee ves Yeer yengle eYeeJeer keee&efve<heeove oMee&ee. Fme eespevee kes Debleie&le iele Je<e& kes ` 16 kejes[
keer leguevee ceW ` 45 kejes[ keer kegue Jemetueer ngF&.
The special OTS scheme for recovery of NPAs having ledger balance up
to ` 5 lakh has shown a very impressive performance. The total recovery
in NPAs under this scheme was ` 45 crore as compared to previous years
performance of ` 16 crore.
Devepe&ke Deeefmle Jemetueer efve<heeove ceW Je=ef Deewj Jemetueer eefeee ceW kece&eeefjeeW kees Meeefceue
kejves nsleg yeQke ves Je<e& 2010-11 kes oewjeve Devepe&ke Deeefmle KeeleeW keer etkekelee& neefve Deewj yes
[eueer ieF& esefCeeeW ceW kece&eeefjeeW eje keer ieF& Jemetueer kes efueS Ske kece&eejer eeslmeenve eespevee
DeejbYe keer nw.
To improve NPA recovery performance and involvement of staff in recovery

process, the Bank introduced during the year a staff incentive scheme for
the recoveries made by staff in Doubtful, Loss and written off category of
non performing accounts during the year 2010-11.
mekeue DeefieceeW mes mekeue Devepe&ke DeeefmleeeW kee Devegheele efoveebke 31.3.2010 kes 2.96 eefleMele
mes Ie kej efoveebke 31.3.2011 kees 2.47 eefleMele Deewj efveJeue DeefieceeW mes efveJeue Devepe&ke
DeeefmleeeW kee Devegheele iele Je<e& kes 1.64 eefleMele mes Ie kej efoveebke 31.3.2011 kees 1.32
eefleMele nes ieee.
The ratio of Gross NPAs to Gross Advances has decreased from 2.96 per
cent as on 31.03.2010 to 2.47 per cent as on 31.03.2011 and the ratio of
Net NPAs stood at 1.32 per cent as on 31.03.2011 as against 1.64 per cent
a year ago.
2.5 efJeosMeer cege keejesyeej Deewj efveee&le efJee
2.5 Foreign Exchange Business and Export Finance
Je<e& 2010-11 kes oewjeve yeQke veW ` 18,536.62 kejes[ kee Jeeheejer DeeJele& Deewj ` 1,74,090 kejes[
kee Devlej yeQke DeeJele& neefmeue efkeee. yekeeee efveee&le $e+Ce 31.03.2010 kes ` 1088.32 kejes[ keer
leguevee ceW 31.03.2011 kees ` 757.29 kejes[ kes jns. Je<e& kes oewjeve yeQke ves heebe Deewj MeeKeeDeesb kees
yeer-esCeere MeeKeeDeesb ceW veeefcele efkeee nw, efpememes efJeosMeer cege keejesyeej kejves Jeeueer MeeKeeDeesb keer
kegue mebKee 33 nes ieF&. cegbyeF& efmLele Devleje&êre yeQefkebie MeeKee Je mecetes osMe ceW Hewueer 33 yeer-esCeer
MeeKeeSb ieenkeeW keer efJeosMeer cege keejesyeej keer DeeJeMekeleeDeesb keer hetefle& kejleer nQ.
During the year 2010-11, the Bank has achieved merchant turnover
of ` 18,536.62 crore and an interbank turnover of ` 1,74,090 crore. The
outstanding export credit as on 31st March, 2011 was ` 757.29 crore as
against ` 1,088.32 crore as on 31st March, 2010. During the year Bank
has designated five more branches as B-Category branches taking total
branches authorized to deal in foreign exchange to 33. The International
Banking Branch at Mumbai and 33 B-Category branches across the country
cater to the international business needs of the customers.
DeefveJeemeer ieenkeeW kees lJeefjle mesJee osves nsleg yeQke ves Fbêves kes ceeOece mes meYeer MeeKeeDeesb ceW
Dee@@ve-ueeF&ve meneelee GheueyOe keer nw.
In order to provide prompt service to Non Resident Clients online help has
been provided at all the branches through intranet.
2.6 efveJesMe
2.6 Investments
yeQke kes efveJesMe 31.03.2010 kes ` 21,323.85 kejes[ keer leguevee ceW efoveebke 31.03.2011 kees
` 22,491.08 kejes[ kes jns. Fme ekeej 5.47 eefleMele keer Je=efOo ope& ngF&. kegue efveJesMe mebefJeYeeie
kes 78.40 eefleMele efveJesMe heefjhekeJelee leke Oeeefjle leLee 21.60 eefleMele efveJesMe efJeee nsleg GheueyOe
esCeer ceW jKes ieS. iele Je<e& kes oewjeve efveJesMeeW hej ngF& efveJeue yeepe Deee ` 1,297.90 kejes[ mes ye{kej
` 1,520.29 kejes[ nes ieF&. Fme ekeej 17.13 eefleMele keer Je=ef ope& ngF&.
The Net investments of the Bank stood at ` 22,491.08 crore as on 31.03.2011

as against ` 21,323.85 crore as on 31.03.2010, registering growth of 5.47
per cent. Held to Maturity (HTM) category consisted of 78.40 per cent while
Available for Sale (AFS) comprised 21.60 per cent of total investment
portfolio. The Net Interest Income from investment increased by 17.13 per
cent to ` 1,520.29 crore from ` 1,297.90 crore during the last year.
2.7 GOeeefjeeb
2.7 Borrowings
efoveebke 31.3.2011 kees yeQke keer kegue GOeeefjeeB veeyee[& leLee efme[yeer mes efueS ieS ` 377.54
kes hegveefJe&e meefnle ` 576.56 kejes[ keer LeeR. efo. 31.03.2010 kees kegue GOeeefjeeb ` 129.45
kejes[ keer LeeR.
The Borrowings of the Bank as on 31.03.2011 stood at ` 576.56 crore,

including refinance of ` 377.54 crore availed from NABARD and SIDBI. The
total borrowings as at 31.03.2010 were ` 129.45 crore.
2.8 Jeeheejer yeQefkebie
2.8 Merchant Banking

The Bank handled 69 issues of Commercial Paper amounting to ` 9,245.30
crore for its clients as an issuing and paying agent during the year and
earned commission income of ` 12.55 lakh.
Je<e& kes oewjeve yeQke ves peejerkelee& Je Yegieleeve kelee& SpeW kes he ceW ` 9,245.30 kejes[ kes
keceefMe&eue heshej kes 69 efveie&ceeW kee mebeueve Deheves ieenkeeW kes efueS efkeee Deewj ` 12.55 ueeKe keer
keceerMeve Deee Deefpe&le keer.
2.9 Depository Services
2.9 efve#esheer mesJeeSb
The Bank is a Depository Participant (DP) of Central Depository Services

India Ltd. (CDSL) since September 1999. Account level queries relating
to demat account balances, etc. are available at the 131 identified WAN
enabled branches of the Bank. The Bank also provides free EASI" facility
(through CDSL) to view account position through Internet. Query compliance
facility is available at Mahabank Facilitation Centre, Mumbai from 7.00 am
to 11.00 pm. The Bank has introduced the MAHA e-Trade (Online Share
Trading) Service for its customers in association with three brokers. The
unique facility of Lien marking on funds / securities is the salient feature of
the MAHA e-Trade.
yeQke efmelebyej 1999 mes ner Yeejleere keWere efve#esheer mesJeeSb efueefces[ (meer[erSmeSue) kee efve#esheer
menYeeieer nw. [ercew KeeleeW ceW Mes<e Fleeefo pewmes Keelee mlejere eMveesb keer peevekeejer yeQke keer
DeefYeefveOee&efjle 131 Jewve me#ece MeeKeeDeesb ceW GheueyOe nw. Fbjves kes ceeOece mes Keeles keer efmLeefle
osKeves kes efueS yeQke cegHele ceW (meer[erSmeSue kes ceeOece mes) F&SSmeDeeF& megefJeOee GheueyOe kej jne
nw. ceneyeQke pevemebheke& kesesb hej eMve Devegheeueve megefJeOee megyen 7.00 yepes mes jele 11.00 yepes
leke GheueyOe nw. yeQke ves leerve yeeskejeW mes ie"yebOeve kej Deheves ieenkeeW keer mesJeeLe& Dee@@ve ueeFve
Mesej ^sef[bie megefJeOee cene-F&-^s[ kee MegYeejbYe efkeee nw. cene-F&-^s[ ceW eefleYetefleeeW /efveefOeeeW hej
ienCeeefOekeej Debefkele kejvee Ske ecegKe iegCe nw.
18
yeQke ceW [ercew Keelee jKeves Jeeues ieenkeeW ceW mes Fvjves yeQefkebie Gheeesiekelee&Deesb kees [ercew Keelee
hetlee megefJeOee oer ieF& nw.
Demat Account enquiry facility is provided to internet banking users who

have demat account with the Bank.
2.10 Bancassurance
2.10 yeQke-yeercee
All the Branches of the Bank are authorized to sell life insurance products
of LIC of India and Non-Life insurance products of United India Insurance
Co. Ltd under the corporate agency arrangements. The Bank sold 74706
general insurance and 13169 life insurance policies during the year
2010-11. The LIC declared 81 branches of the Bank as Bima Bank for their
performance.
keejheesjs Sbpesmeer mecePeewles kes Devleie&le yeQke keer meYeer MeeKeeSb etveeF&s[ Fbef[ee FvMeesjWme kebheveer
efueefces[ kes iewj peerJeve yeercee Deewj Yeejleere peerJeve yeercee efveiece kes peerJeve yeercee GlheeoeW kee efJeee
kejves nsleg eeefOeke=le nQ. yeQke ves Je<e& 2010-11 kes oewjeve 74706 meeceeve yeercee Deewj 13169
peerJeve yeercee hee@efueefmeeeB yeseeR. Yeejleere peerJeve yeercee ves Des keee& efve<heeove kes keejCe yeQke keer
81 MeeKeeDeesb kees yeercee yeQke MeeKee Ieesef<ele efkeee.
The Bank offers two group insurance schemes namely 'Maha Suraksha'
Deposit Scheme for all deposit account holders and 'Maha Grih Suraksha'
for those availing Home Loans to facilitate life cover which also mitigates
credit risk at very affordable cost.
yeQke meYeer ekeej kes pecee OeejkeeW kes efueS cene megj#ee pecee eespevee Je DeeJeeme $e+Cekelee&Deesb kes
efueS cene ie=n megj#ee eespevee veeceke oes mecetn yeercee eespeveeDeesb keer megefJeOee oslee nw. en eespeveeSb
Jenve eesie ueeiele hej $e+Ce peesefKece kece kejleer nQ
Bank earned a commission of ` 3.27 crore under Life Insurance and ` 2.47
crore under General Insurance during year 2010-11.
yeQke ves Je<e& 2010-11 ceW peerJeve yeercee kes Devleie&le ` 3.27 kejes[ leLee iewj peerJeve yeercee kes
Devleie&le ` 2.47 kejes[ kee keceerMeve Deefpe&le efkeee.
2.11 Mutual Funds
2.11 cegegDeue HeC[
The Bank has tie up with 16 Asset Management Companies for selling
Mutual Fund products. The mutual fund business mobilized by the Bank
stood at ` 600 crore as on 31.03.2011 and the Bank earned commission
income of ` 57 lakh during the year.
yeQke ves 16 Deeefmle eyebOeve kebheefveeeW kes meeLe cegegDeue HeC[eW kes Glheeo yeseves kee ie"yebOeve efkeee
nw. efoveebke 31.3.2011 leke yeQke ves ` 600 kejes[ kee cegegDeue HeC[ keejesyeej efkeee Deewj Je<e&
kes oewjeve yeQke ves ` 57 ueeKe kee keceerMeve Deefpe&le efkeee.
2.12 Government Business
2.12 mejkeejer keejesyeej
During the year 2010-11, 3,10,502 challans of Direct Taxes were collected
and commission to the tune of ` 1.39 crore was received. Similarly 1,48,507
challans of Indirect Taxes were collected and commission of ` 0.66 crore
was received.
Je<e& 2010-2011 kes oewjeve kegue 3,10,502 ele#e kej eeueeve Jemetues ieS Deewj ` 1.39 kejes[
kee keceerMeve eehle ngDee. Fmeer ekeej 1,48,507 Deele#e kej eeueeve Jemetues ieS Deewj ` 0.66
kejes[ kee keceerMeve eehle ngDee.
The Bank has started processing and crediting monthly pension payment
of more than 1,10,000 central Government pensioners at Central Pension
Processing Cell (CPPC) Pune. The processing and payment for new PPOs/
Corrigendum PPOs, Master Data base for central Government pensioners
etc are being handled by CPPC. This facilitates faster and accurate payment
of pension as well as quick settlement of funds by RBI.
yeQke ves kesvere heWMeve eesmesefmebie ke#e, hegCes ceW 1,10,000 kesv mejkeej kes heWMevejeW keer heWMeve keer
ieCevee kej Gmes Keeles ceW pecee kejves kee keee& DeejbYe efkeee. veS heerheerDees/heerheerDees kes Megefhe$e kee
Yegieleeve Deewj peebe, kesv mejkeej kes heWMevejeW kee ceemj [ee yesme Fleeefo kee keee& kesvere heWMeve
eesmesefmebie ke#e, hegCes eje efkeee pee jne nw. Fmekes keejCe lJeefjle Deewj mener heWMeve kee Yegieleeve Deewj
Yeejleere efj]peJe& yeQke kes meeLe efveefOeeeW kee MeerIe efveheeve mebYeJe ngDee nw.
The facility of tax collection is provided by the Bank both at the branch
counters in selected branches and through net banking, i.e. e-payment of
taxes.
yeQke egefveboe MeeKeeDeesb ceW keeGbjeW hej kejeW kes Yegieleeve Deewj ves yeQefkebie kes ceeOece mes kejeW kes
F&-Yegieleeve keer megefJeOee eoeve kejlee nw.
2.13 Non Interest Income
2.13 Deyeepeer Deee
The non-interest income stood at ` 530.86 crore for the year ended
31.03.2011 as against ` 591.24 crore for the year ended 31.03.2010. The
reduction in non-interest income is mainly on account of decrease in profit
on sale of investment by ` 141.65 crore. However, non-interest income
other than profit from sale of investment increased by ` 81.27 crore in the
FY 2010-11, showing a growth of 21 per cent over previous year. The Bank
continues to look at new avenues to shore up its fee based income besides
bancassurance, Mutual fund distribution, government business, demat
services and online share trading facility to increase non-interest income.
31.03.2010 kees meceehle Je<e& ceW Deefpe&le ` 591.24 kejes[ keer Deyeepeer Deee keer leguevee ceW 31.03.2011
kees meceehle Je<e& kes oewjeve ` 530.86 kejes[ keer Deyeepeer Deee ngF&. efveJesMeeW kes efJeee ceW ngS ueeYe ceW
` 141.65 kejes[ keer keceer kes keejCe cegKele: Deyeepeer Deee ceW keceer DeeF&. leLeeefhe efJeeere Je<e& 20102011 kes oewjeve efveJesMeeW keer efyeeer mes ueeYe kees es[kej Deyeepeer Deee ceW ` 81.27 kejes[ keer Je=ef ngF&.
Fme ekeej efheues Je<e& kes Thej 21 eefleMele keer Je=ef oMee&F& ieF&. cegegDeue Heb[ efJelejCe, yeQke yeercee
keejesyeej, mejkeejer keejesyeej, [ercew mesJeeSb Deewj MesejeW keer Dee@v@ eueeF&ve ês [f ib e megeJf eOee kes Deefleefje Deyeepeer
Deee ye{eves kes efueS yeQke veS meeOeveeW keer Keespe melele DeeOeej hej kejlee nw.
2.14 Income, Expenditure and Protability
2.14 Deee, Jee Deewj ueeYeeolee

yeQke keer kegue Deee ` 5,326.80 kejes[ mes ye{kej ` 6,093.95 kejes[ keer nes ieF&. Fme ekeej
Je<e& kes oewjeve 14.40 eefleMele keer Je=efOo ngF&. Deee/Jee IekeeW kes efJeJejCe Fme ekeej nQ -
The total income of the Bank grew to ` 6,093.95 crore from ` 5,326.80 crore
depicting revenue growth of 14.40 per cent during the year. The detailed
income/ expenditure components are as under:
(` kejes[ ceW)
( ` in crore)
efJeJejCe
Deefiece / efyeueeW hej yeepe /
ef[mkeeGb
efveJesMe hej Deee
Devlej yeQke GOeejer hej yeepe Je
Deve yeepe
kegue yeepe Deee
Deyeepeer Deee
kegue Deee
pecee hej yeepe
2009-10
2010-11
Deblej (%)
3369.63
1297.90
4006.14
1520.30
18.89
17.13
68.03
4735.56
591.24
5326.80
3183.06
36.65
5563.09
530.86
6093.95
3282.75
Particulars
2009-10
2010-11
Variation
(per cent)
Interest / discount on
advances / bills
3369.63
4006.14
18.89
Income on investments
1297.90
1520.30
17.13
-46.13
Interest on interbank lending

& other Interest
-46.13
17.47
-10.21
14.40
3.13
19
68.03
36.65
Total interest income
4735.56
5563.09
17.47
Non-interest income
591.24
530.86
-10.21
Total Income
5326.80
6093.95
14.40
Interest on deposits
3183.06
3282.75
3.13
efJeJejCe
2009-10
2010-11
Deblej (%)
GOeejer hej yeepe
256.25
311.94
21.73
3439.31
3594.69
4.52
yeepe Kee&
meHe Kee&(SSme-15 kes
eeJeOeeve(mebMeesefOele) meefnle)
655.50
1157.08
Particulars
Interest on borrowings
2010-11
Variation
(per cent)
256.25
311.94
21.73
3439.31
3594.69
4.52
76.52
Staff expenses (INCLUDING

Provision as per AS-15
(Revised)
655.50
1157.08
76.52
Staff expenses (EXCLUDING

Provision as per AS-15
(Revised)
603.20
681.39
12.96
Non staff expenses
417.45
487.14
16.69
Total Non interest expenses
1072.95
1644.22
53.24
Total Operating Expenses
4512.26
5238.91
16.10
Operating Profit
814.55
855.03
4.97
Provisions and Contingencies
374.97
524.64
39.91
Net Profit
439.58
330.39
-24.84
2009-10
2010-11
meHe Kee& (SSme-15 kes

eeJeOeeve(mebMeesefOele) jefnle)
603.20
681.39
12.96
iewj meHe Kee&
417.45
487.14
16.69
kegue Deyeepeer Kee&
1072.95
1644.22
53.24
kegue heefjeeueve Kee&
4512.26
5238.91
16.10
heefjeeueveiele ueeYe
814.55
855.03
4.97
eeJeOeeve Je DeekeefmcekeleeSb
374.97
524.64
39.91
efveJeue ueeYe
439.58
330.39
-24.84
Interest expenditure
2.15 efJeeere Devegheele :

efJeJejCe
2009-10
2.15 Financial ratios
2009-10
2010-11
Particulars
eefle Mesej keceeF& (` )
10.21
6.86
Deee mes ueeiele kee Devegheele (%)
56.85
65.79
DeeefmleeeW hej Deee
0.70
0.47
Return on assets (per cent)
0.70
0.47
FefkeJeer hej Deee
20.79
15.58
Return on equity (per cent)
20.79
15.58
eefle Mesej yener cetue (` )
49.12
49.18
Book Value per Share (` )
49.12
49.18
eefle MeeKee ueeYe (` ueeKe ceW)
30.25
21.51
Profit per Branch ( ` In lakh)
30.25
21.51
3.21
2.38
71.73
74.43
7.62
8.25
eefle kece&eejer ueeYe (` ueeKe ceW)

eefle MeeKee keejesyeej (` kejes[ ceW)
eefle kece&eejer keejesyeej (` kejes[ ceW)
EPS (` )
10.21
6.86
Cost to Income Ratio (per cent)
56.85
65.79
Profit per Employee (` In lakh)
3.21
2.38
71.73
74.43
Business per Employee (` In crore)
7.62
8.25
7.50
7.92
Business per Branch (` In crore)
Deewmele keee&keejer efveefOeeeW mes eefleMele kes he ceW

yeepe Deee
7.50
7.92
Interest income as per cent to Average

working funds

Deyeepeer Deee
0.94
0.76
Non Interest income as per cent to average

working funds
0.94
0.76
2.80
Interest spread as per cent to average

working funds
2.05
2.80
1.29
1.22

yeepe mew[
2.05

heefjeeueveiele ueeYe
1.29
1.22
Operating Profit as per cent to average

working Funds
Deewmele keee&keejer efveefOeeeW mes kece&eejer Kee&
1.04
1.65
Staff expenses to average working funds
1.04
1.65
0.95
0.97
Staff expenses (excluding Provision as per

AS-15 (Revised) to average working funds)
0.95
0.97
20.00
20.00
20.00
20.00
Deewmele keee&keejer efveefOeeeW mes meHe Kee&

(SSme-15 kes eeJeOeeve(mebMeesefOele) jefnle)
ueeYeebMe (eefleMele)
Dividend (per cent)
2.16 Yeejle mejkeej mes hetbpeer
2.16 Capital from GOI
Je<e& kes oewjeve ecegKe hetbpeerOeejke Yeejle mejkeej ves yesceereeoer iewj mebeeer DeefOeceeve MesejeW kes
he ceW ` 588 kejes[ Deewj F&efkeJeer Mesej kes he ceW ` 352 kejes[ keer Deefleefjkele hetbpeer yeQke ceW
ueieeF&.
During the year, the major share holder, Government of India, has infused
additional capital in the form of perpetual non-cumulative preference shares
(PNCPS) ` 588 crore and equity share capital ` 352 crore.
2.17 vesJeLe&
2.17 Networth
The Banks Net worth increased from ` 2,114.46 crore as on 31.03.2010 to
` 2,709.24 crore as on 31.03.2011.
yeQke keer efveJeue JeLe& 31.03.2010 kes ` 2,114.46 kejes[ keer leguevee ceW 31.03.2011 kees ye{kej
` 2,709.24 kejes[ keer nes ieF&b
2.18 Capital Adequacy Ratio
2.18 hetbpeer heee&hlelee Devegheele

efoveebke 31.03.2011 kees yesmeue II ceeveob[eW kes Devegmeej yeQke kee hetbpeer heee&hlelee Devegheele Yeejleere efj]peJe& yeQke
eje efveOee&efjle 9 eefleMele kes vetvelece ceeveob[ keer leguevee ceW 13.35 eefleMele kee jne. Yeejleere efj]peJe& yeQke
eje efveOee&efjle 6 eefleMele keer leguevee ceW erej - I hetbpeer heee&hlelee Devegheele 8.02 eefleMele jne.
The Capital Adequacy Ratio stood at 13.35 per cent as on 31.03.2011,

against the minimum 9 per cent prescribed by RBI in terms of Basel II
norms. The Tier I capital adequacy ratio stood at 8.02 per cent as against
RBIs prescription of 6 per cent.
2.19 ueeYeebMe
2.19 Dividend
efveosMeke ceb[ue ves 31.03.2011 kees meceehle Je<e& kes efueS 20 eefleMele kee ueeYeebMe emleeefJele
efkeee nw.
The Board of Directors has proposed a dividend of 20 per cent for the year
ended 31.03.2011.
20
3.
mebie"ve Deewj meceLe&ve eCeeueer
3.
3.1 Branch Expansion
3.1 MeeKee efJemleej
During the year, the Bank opened 83 new branches. As on 31.03.2011,

the total branch network comprised of 1536 branches spread over 24
states and 2 union territories. The branch network includes specialized
branches of foreign exchange, government business, treasury &
international banking, industrial finance, SME, hi-tech agriculture, pension
payment, pension processing, retail credit, Self Help Group and asset
recovery. Area wise classification of branches as on 31.03.2011 is given
in the table below:
yeQke ves Je<e& kes oewjeve 83 veF& MeeKeeSb KeesueeR. efoveebke 31.03.2011 kees yeQke MeeKee vesJeke&
ceW kegue 1536 MeeKeeSb LeeR. en MeeKee vesJeke& 24 jepeeW leLee 2 mebIeMeeefmele #es$eesb ceW Hewuee
ngDee nw. Fme MeeKee vesJeke& ceW efJeosMeer cege, mejkeejer keejesyeej, Kepeevee SJeb Deblejjeêre
yeQefkebie, Deeweesefieke efJee, SmeSceF& leLee Ge lekeveerke ke=ef<e #es$eesb keer efJeMes<e%e MeeKeeSb, heWMeve
Yegieleeve MeeKee, keWere heWMeve eesmesefmebie ke#e, efjsue nye, mJe-meneelee mecetn leLee Deeefmle
Jemetueer MeeKeeSb Meeefceue nQ. efoveebke 31.03.2011 kees MeeKeeDeesb kee #es$eJeej Jeieer&kejCe veeres
meejCeer ceW efoee ieee nw.
De.e.
1
2
3
4
Jeieer&kejCe
ieeceerCe
DeOe&-Menjer
Menjer
ceneveiejere
kegue pees[
ORGANISATION AND SUPPORT SYSTEM
31.3.2010 kees
526
266
281
380
1453
31.03.2011 kees
538
293
301
404
1536
Sr. No. Classication
As on 31.03.2010
As on 31.03.2011
Rural
526
538
Semi-Urban
266
293
Urban
281
301
Metropolitan
380
404
Total
1453
1536
3.2 Human Resources Management
3.2 ceeveJe mebmeeOeve eyebOeve

yeQke ves Jeeheke ceveg<eyeue veerefle ueeiet keer nw. veerefle ceW DeeJeMekelee DeeOeeefjle Je Gefele ceeveJe
mebmeeOeve neefmeue kejves, eefMe#eCe, keee& mebJeOe&ve, hegjmkeej, keee&efve<heeove kes efueS ceevelee Je
efpeccesoejer, heoesVeefle Je keueeCe Fleeefo kes ceeOece mes kece&eeefjeeW kees jeskes jKeves leLee Fvekes
efJekeeme nsleg eespevee oer ieF& nw.
The Bank has put in place a comprehensive HRM Policy Document

that provides road map for acquiring appropriate & need based Human
Resources, its development through training, job enrichment, reward
and recognition for better performance, career progression, welfare and
retention.
efoveebke 16.09.2009 kees yeQke keer mesJee ceW keee&jle meYeer hee$e kece&eeefjeeW kees hue@efvece pegefyeueer
meceejesn kes YeeiemJehe mJeCe& cege kes he ceW mce=efleefe efJeleefjle efkeS ieS.
As part of Platinum Jubilee Celebration, a memento in the form of Gold Coin

was presented to all eligible employees who were in service of the Bank as
on 16.09.2009.
Je<e& kes oewjeve yeQke ves henueer yeej meerOes mee#eelkeej eefkeee eje 1000 efueefhekeeW keer efveegefe
keer. meYeer mebJeiees kes efueS Deebleefjke heoesVeleer eefeee hetjer keer ieF&. Je<e& kes oewjeve Jesleveceeve 1
mes Jesleveceeve 5 leke heoesvveefleeeb ngF& Deewj eefeee ceW 581 DeefOekeeefjeeW keer heoesvveefle ngF&. 400
efueefhekeeW kees DeefOekeejer mebJeie& ceW heoesVele efkeee ieee. 392 heefjJeer#eeOeerve DeefOekeeefjeeW kes Yeleer& keer
eefeee yeQke ves hetCe& keer. efJeefMe< mebJeie& kes meHe leLee heefjeeueveiele me#ecelee ye{eves SJeb efJeefMe<
ieenke mesJee ceW megOeej nsleg Je yeej-yeej heefjJeefle&le meeryeerSme lekeveerke keer DeeJeMekelee kees Oeeve
ceW jKeles ngS 96 SceyeerS mveeleke DeefOekeejer, 32 ke=ef<e DeefOekeejer, 38 ke=ef<e keejesyeej megiecelee
DeefOekeejer leLee 25 meveoer uesKeekeejeW keer Yeleer& keer ieF&.
During the year, Bank has for the first time taken up recruitment of 1000
Clerks through direct interview process. Internal promotion process for
all cadres was also carried out. During the year, promotions have taken
place from Scale I to Scale VII and total 583 Officers were promoted in
the process besides 400 Clerks getting promoted to Officer Cadre. Process
of recruitment of 392 Probationary Officers is completed. Considering the
requirement of specialized cadre of staff and ever changing CBS technology
for improving operational capabilities and specialized customer service, 96
MBA qualified Officers, 25 Chartered Accountants, 32 Agriculture Officers,
and 38 Agri. Business Facilitators were recruited.
Je<e& 2010-11 ceW mesJeeefveJe=efe, leeiehe$e Fleeefo keejCeeW mes yeQke keer mesJee mes yeenj peeves Jeeues
kece&eeefjeeW keer mebKee 732 Leer.
In the year 2010-11, 732 employees ceased to be in service on account of

retirement, resignation etc.
yeQefkebie ieefleefJeefOeeeW ceW GuuesKeveere keee& efve<heeove oMee&ves Jeeues kece&eeefjeeW kees ceevelee osves
Je DeveeW kees Des keee&efve<heeove kejves kes efueS eeslmeeefnle kejves nsleg DeOe#e kes keueye keer
meomelee, yesnlej eyebefOele MeeKee / #es$e ê@Heer, yesnlej keee& kejves Jeeueer MeeKeeDeesb kes meYeer meHe
meomeeW kees veieoer hegjmkeej osves keer eespeveeSb eeefuele nQ.
To recognize outstanding performance in Banking activities and to motivate

others to perform better, membership to Chairmans Club, Better Managed
Branch/Region trophy, cash incentives to all staff of Best Performing
Branches are in vogue.
Fme Je<e& mes De.pee./ De.pe.pee. mecegoee kees DeefieceeW kee efJelejCe leLee Jemetueer ceW Glke=< keee&
kejves Jeeueer MeeKee kees Yeejlejlve [e@. yeeyeemeensye Deebyes[kej kes veece mes eue ê@Heer kee veee
hegjmkeej efoee ieee.
From this year, a Rolling Trophy in the name of Bharat Ratna Dr. Babasaheb
Ambedkar to the best performing branch in disbursement and recovery of
advances to SC/ST borrowers has been instituted.
mesJeeefveJe=e kece&eeefjeeW meefnle meYeer meHe meomeeW kes keueeCeeLe& yeQke kes heeme efJeefYevve eespeveeSb
nQ. kece&eeefjeeW kes keueeCe kes efueS yeQke efveJeue ueeYe kee 3 eefleMele Deeyebefle kejlee jne nw.
^m eje eespeveeDeesb kee eMeemeve efkeee peelee nw.
The Bank has been allocating up to 3 per cent of its net profit towards
various schemes for the welfare of staff including retired staff. The welfare
schemes are administered by a Trust.
Geesie mebyebefOele ceeceueeW kes Gefele, heejoMe&ke Je { mebeueve kes peefjS yeQke kee eeeme meewneo&hetCe&
Deeweesefieke mebyebOe JeeleeJejCe yeveeves kee jne.
The Bank has continued to promote and maintain a healthy industrial

relations climate through fair, transparent and firm handling of Industrial
related matters.
yeQke, Yeejle mejkeej keer Deej#eCe veerefle kee heeueve kejlee nw. Deej#eCe veerefle kes keeee&vJeeve keer
efveiejeveer kejves leLee De.pee./ De.pe.pee. / Dees.yeer.meer./ Meejerefjke he mes efJekeueebie Je YetlehetJe&
mewefveke kece&eeefjeeW keer efMekeeeleeW kes efveJeejCe nsleg kesvere keeee&uee ceW leLee meYeer #es$eere
keeee&ueeeW ceW efJeMes<e ke#e keee&jle nQ. yeQke ves kesvere keeee&uee ceW oes cegKe mebheke& DeefOekeejer
veeefcele efkeS nQ Deewj Fme GsMe kes efueS meYeer #es$eere keeee&ueeeW ceW De.pee. / De.pe.pee. ke#e
mLeeefhele efkeS nQ. Je<e& kes oewjeve Deej#eCe veerefle kes keeee&vJeeve leLee Deve mebJewOeeefveke megj#ee hej
eee& kejves Deewj keejesyeej Je=efOo ceW Gvekee menYeeie megefveefele kejves nsleg De.pee./ De.pe.pee. /
Dees.yeer.meer. Schuee@F&pe SmeesefmeSMeve kes meeLe keWere keeee&uee ceW DeeJeefOeke yew"keW Deeeesefpele keer
ieF&. #es$eere mlej hej Yeer efveeefcele yew"keW Deeeesefpele keer ieF&.
The Bank has been complying with the reservation policy of Govt. of India.
Special Cells at Central Office and all Regional Offices are functioning to
monitor the implementation of the Reservations Policies and to redress
grievances of SC/ST/OBC & Physically Challenged employees as well
as Ex-Servicemen. The Bank has designated two Chief Liaison Officers
at C.O. and has set up SC/ST Cells at all its Regional Offices for the
purpose. During the year, periodical meetings were held with SC/ST/OBC
Employees Association at C.O. to discuss implementation of reservation
policy and other constitutional safeguards and also to facilitate involvement
in business growth. Similar meetings were also held at Regional level.
21

efJeefYevve #es$eeW kes kece&eeefjeeW keer mebKee kee efJeJejCe efvecveevegmeej nw :
De.e.
1.
2.
3.
4.
5.
efJeJejCe
ceefnuee kece&eejer
efJekeueebie kece&eejer
Devegmetefele peeefle kece&eejer
Devegmetefele pevepeeefle kece&eejer
Deve efhe[er peeefle kece&eejer
kece&eeefjeeW
keer mebKee
3154
192
2754
991
880
The number of employees belonging to different categories is as under:

Sr. No
kegue mes
eefleMele
22.75
1.39
19.87
7.15
6.35
Category of Employees
1.
Women
2.
Physically Challenged
3.
No. of
Employees
3154
Percentage
to total
22.75
192
1.39
SC Employees
2754
19.87
4.
ST Employees
991
7.15
5.
OBC Employees
880
6.35
Rosters have been maintained as per Govt. guidelines and are regularly
inspected / checked.
mejkeejer efoMeeefveoxMeeW kes Devegmeej jesmj jKes ieS Je Gvekee efveeefcele efvejer#eCe / peebe keer ieF&.
eefMe#eCe ieefleefJeefOeeeb :
Training Activities:
The Bank has a training system which facilitates attention to regular
periodic assessment of skill gaps at various levels in relation to existing
and emerging business opportunities. Skill building in Credit, Forex,
Customer Relationship Management, Marketing of products and services,
Credit Monitoring and Recovery, Risk Management, Technology based
Banking Branch Management, complying with statutory, legal and policy
requirements and preventive vigilance were given special attention for
imparting training during the year.
yeQke keer eefMe#eCe eCeeueer Jele&ceeve Je GYejles ngS keejesyeejer DeJemejeW kes Deveghe efJeefYeVe mlejeW
hej efveeefcele he mes kegMeuelee Devlej kes cetueebkeve hej peesj osleer nw. $e+Ce ceW kegMeuelee efvecee&Ce,
Heesjskeme, ieenke mebyebOe eyebOeve, Glheeo Je mesJeeDeesb kee efJeheCeve, $e+Ce efveiejeveer Je Jemetueer,
peesefKece eyebOeve, lekeveerke DeeOeeefjle yeQefkebie, MeeKee eyebOeve, meebefJeefOeke, efJeefOeke, keevetveer Je veerefle
DeeJeMekeleeDeesb kee Devegheeueve leLee efveJeejke meleke&lee Fleeefo kes eefMe#eCe hej Je<e& kes oewjeve
efJeMes<e Oeeve efoee ieee.
SmeSceF& efJeehees<eCe ,efjsue GOeejer, ke=ef<e efJee Je ieeceerCe efJekeeme pewmes cenlJehetCe& efJe<eeeW hej Yeer
eefMe#eCe keee&ece eueeS ieS.
The training programmes were also held on thrust areas like financing
SMEs, retail lending, agriculture finance and rural development.
Jele&ceeve ceW yeQke kee hegCes ceW Meer<e& eefMe#eCe ceneefJeeeuee nw, efpemekes hee&Jes#eCe ceW leerve eefMe#eCe
mebmLeeve hegCes, cegbyeF& Je veeiehegj ceW keee&jle nQ. metevee eeweesefiekeer eefMe#eCe mebmLeeve leLee #es$eere
keeee&ueeeW ceW kechetj uewye eYeeJeer ieenke mesJee leLee kegMeue he= keeee&uee keee& nsleg kece&eeefjeeW
Je DeefOekeeefjeeW kees eefMe#eCe osles nQ.
Presently, the Bank has an apex Training College at Pune with three training
establishments operating under it, one each at Mumbai, Nagpur and Pune.
Information Technology Training Institute and Computer Labs at Regional
Offices train the Officers and staff to utilize Information Technology for
effective customer service and efficient back office functions.
Je<e& kes oewjeve kes meYeer eefMe#eCe mebmLeeveeW ves kegue 330 eefMe#eCe keee&ece eueeS. Fve keee&eceeW
ceW mes 108 keee&ece DeefOekeeefjeeW kes efueS, 141 keee&ece efueefhekeeW kes efueS Deewj 81 keee&ece
DeOeervemLe kece&eeefjeeW kes efueS eueeS ieS. FmeceW mes 33 mLeeveere eefMe#eCe 28 #es$eesb ceW Deeeesefpele
efkeS ieS Deewj 592 meHe meomeeW kees eefMeef#ele efkeee ieee.
During the year, all the training establishments of the Bank together
conducted a total of 330 programs, out of which 108 were for Officers,
141 for clerks and 81 for sub-staff members. Out of above, 33 locational
trainings were arranged at 28 Regions and trained 592 staff members.
Je<e& kes oewjeve Deebleefjke Deewj yeenjer, oesveeW eefMe#eCe keee&eceeW kes ceeOece mes 4294 DeefOekeeefjeeW,
3324 efueefhekeeW Deewj 1130 DeOeervemLe kece&eeefjeeW meefnle kegue 8748 kece&eeefjeeW kees eefMe#eCe
efoee ieee. Ghejese ceW mes Devegmetefele peeefle kes 2277 kece&eeefjeeW Deewj Devegmetefele pevepeeefle kes
1130 kece&eeefjeeW Deewj 1218 ceefnuee kece&eeefjeeW kees eefMeef#ele efkeee ieee.
A total of 8748 employees participated in various training programmes during

the year, both in-house and external, comprising of 4294 officers, 3324
clerks and 1130 sub-staff members of whom 2277 were SC employees,
1130 ST employees and 1218 women employees.
Jele&ceeve eefMe#eCe {ebes kes Deefleefje osMe Yej ces Hewues DeeF&er uewye MeeKee Je #es$eere keeee&ueeeW
kes Deefvlece Gheeesiekelee&Deesb keer eefMe#eCe DeeJeMekeleeDeesb kees hetje kejles nQ. Je<e& kes oewjeve 1848
meHe meomeeW kees metevee eeweesefiekeer kes Debleie&le eefMe#eCe efoee ieee. Ghejese ceW mes eYeeJeer
ieenke mesJee leLee kegMeue he= keeee&uee keee& nsleg 1374 meHe meomeeW kees keesj yeQefkebie meceeOeeve
mee@HeJesDej (meeryeerSme) kes mebeueve kee eefMe#eCe efoee ieee.
The IT Labs across the country in addition to the existing training

infrastructure cater to the training needs of the end users at the branches
and Regional Offices. During the year, 1848 staff members were imparted
training under IT. Out of above, 1374 members of staff were trained to
handle the Core Banking Solution (CBS) software for efficient customer
service and back office function.
Je<e& kes oewjeve kegMeuelee Deewj #ecelee efJekeefmele kejves kes efueS 76 keee&heeueke / Jeefj<" DeefOekeeefjeeW
ves $e+Ce hej efeefmeue keee&heeueke eefMe#eCe cees[etue ceW menYeeie efueee. efJeeere Je yeQefkebie #es$e keer
ieefleefJeefOeeeW kees mecePeves Deewj Jewefeke DevegYeJe eehle kejvee megiece yeveeves kes efueS efJeefYeVe eefMe#eCe
keee&eceeW, meccesueveeW, Deblej&eêre yew"keeW Fleeefo ceW Yeeie uesves nsleg 12 keee&heeuekeeW kees Deve osMeeW
ceW eefleefveege efkeee ieee.
76 Executives / Senior Officers participated in CRISIL Executive training

modules on Credit which were held during the year for building skills &
enhancing efficiency. 12 Executives / Officers were deputed abroad for
training programmes, participation in seminars, International meetings etc.
for facilitating global experience and exposure to developments taking place
in banking & financial services in other countries.
ceee& 2011 leke mesJeeefveJe=e nesves Jeeues kece&eeefjeeW kes efueS Ske efJeMes<e hetJe&-mesJeeefveJe=efe mecegheosMeve
keee&ece veJebyej 2010 ceW kesvere keeee&uee ceW Deeeesefpele efkeee ieee. 119 kece&eeefjeeW ves Fme
keee&ece ceW menYeeie efueee. efveJesMe hej JeeKeeve kes DeueeJee, menYeeefieeeW kee mJeemLe peebe
keee&ece Yeer Deeeesefpele efkeee ieee.
A unique Pre- retirement Counseling programme for the employees retiring

by March 2011 was arranged at Head Office in November 2010. 119
employees participated in the programme. Besides lectures on investments,
health checkup of participants was also arranged.
3.3 Technology Initiatives
3.3 eeweesefiekeer henue
The Bank has been leveraging the tools of Information and Communication
Technology for improving the operational capabilities and for meeting the
customer needs and aligning with the business requirements of the Bank.
The year 2010-2011 has been a fruitful year for the Bank in the Information
Technology area. During the year, the Bank stabilized the Core Banking
Solution at all 1536 branches, expanded the ATM network to 417 and
introduced various new products & services.
yeQke keer keejesyeejer DeeJeMekeleeDeesb kes meeLe heefjeeueveiele #eceleeDeesb ceW megOeej kejves Je ieenke keer
DeeJeMekeleeDeesb kees hetje kejves kes efueS yeQke, metevee Deewj mebes<eCe lekeveerke kee Gheeesie kej jne
nw. metevee eeweesefiekeer #es$e ceW Je<e& 2010-11 yeQke kes efueS Ske Heueoeeer Je<e& jne. Je<e& kes oewjeve
yeQke ves meYeer 1536 MeeKeeDeesb kees meeryeerSme kes Devleie&le ueeee, SerSce vesJeke& kees 417 leke
efJemleeefjle efkeee leLee efJeefYeVe veS GlheeoeW SJeb mesJeeDeesb kee MegYeejbYe efkeee.
The implementation of 100 percent CBS in the Regional Rural Bank of the Bank,
i.e. Maharashtra Gramin Bank was initiated and completed during the year.
yeQke kes #es$eere ieeceerCe yeQke DeLee&le ceneje<^ ieeceerCe yeQke ceW 100 eefleMele meeryeerSme kee
keeee&vJeeve DeejbYe efkeee ieee Deewj Je<e& kes oewjeve hetCe& efkeee ieee.
The Bank has been offering an enticing bouquet of customer-centric IT

products and services.
yeQke eenke keWerle leLee metevee eeweesefiekeer mebiele Glheeo SJeb mesJeeSb eoeve kej jne nw.
22
3.3.1 Je<e& 2010-2011 kes oewjeve ecegKe DeeF&er henue Deewj GheueefyOeeeb
3.3.1 Major I.T Initiatives & Achievements during 2010-11
Facility of income tax payment through Banks ATMs is made

available.
Fbjves yeQefkebie kes ceeOece mes kej pecee efJeJejCe (Hee@ce& 26 SSme) osKeves keer megefJeOee GheueyOe
keer ieF&.
Facility to view tax credit statement (Form 26AS) through internet

banking is made available.
Fbjves yeQefkebie Gheeesiekelee&Deesb kees DeejerpeerSme/SveF&SHeer kes ceeOece mes meerOes DeblejyeQke
efveefOe DeblejCe keer megefJeOee oer ieF&.
Inter bank funds transfer facility is made available to internet banking

users for directly remitting funds through RTGS/NEFT
kesverke=le Jesleve : efJeefYevve yeerheerDeej henuegDeesb kes YeeiemJehe Je<e& kes oewjeve kesverke=le Jesleve
eesmesefmebie kee keeee&vJeeve efkeee ieee efpemekes Debleie&le mebhetCe& yeQke kes efueS Jesleve eesmesefmebie
Deewj mebyebefOele ieefleefJeefOeeeb kesvere keeee&uee, hegCes ceW mebhevve nesleer nw. Jesleve pecee kejvee,
$e+Ce Keeles ceW efkeMle pecee kejvee, er[erSme keewleer Deewj es<eCe, Hee@ce& 16 kee efvecee&Ce Deewj
emlegeflekejCe Fleeefo keee& Deye kesverke=le he mes efkeS peeles nQ.
Centralized Salary: As part of the various BPR initiatives, Centralized

Salary Processing was implemented during the year, whereby the
entire salary processing and related activities have been centralized
and undertaken from Central Office for the Bank as a Whole. Credit of
salary, credit to loan accounts, TDS deduction & remittance, generation
and submission of Form 16, etc are all undertaken centrally now.
Je<e& kes oewjeve DeeF&meerer cee@[ue (metevee Deewj mebes<eCe meeOeve) kes ceeOece mes efJeeere
meceeJesMeve eespevee ueeiet keer ieF&. keJej ve efkeS ieS 1.12 ueeKe IejeW Jeeues 484 ieebJeeW kees
31.03.2011 leke efJeeere meceeJesMeve ceW Meeefceue efkeee ieee.
Financial Inclusion Plan implemented adopting the ICT (Information and

Communication Tool) model during the year. 484 villages have been
covered having 1.12 lakh uncovered households, as on 31.03.2011.
F&-uee@vpe yeQke ves hegCes, cegbyeF& Deewj efouueer ceW Ge ceeefueele Jeeues JeefeeeW, lekeveerkemebiele
Deewj egJee heer{er kes ieenkeeW kes efueS Dee@@veueeF&ve yeQefkebie JeJenej nceejer mebjevee kee Gheeesie
kejles ngS kejves kes efueS F&-uee@vpe megefJeOee GheueyOe keer ieF&. en uee@vpe mesuHe meefJe&efmebie heemeyegke
efebj, Fueskeê@efveke eske pecee ceMeerve Deewj Fbjves efce&veue Fleeefo megefJeOeeDeeW mes ege nw.
e-Lounge: Bank has set up e-lounges, one each at Pune, Mumbai and
Delhi, for the benefit of High Networth Individuals, tech savvy and young
generation customers for doing online banking transactions using the
infrastructure. The lounge is equipped with self servicing passbook
printer and electronic cheque deposit machine and internet available
terminals.
yeQke kes SerSce kes ceeOece mes Deeekej keer Yegieleeve keer megefJeOee GheueyOe keer ieF&.
3.3.2 Deve DeeF&.er. henue
3.3.2 Other IT Initiatives
keesj yeQefkebie meesuetMeve:
Core Banking Solution (CBS):
osMeYej ceW Hewueer meYeer 1536 MeeKeeSb meeryeerSme kes Debleie&le ueeF& ieF& nQ.
All the 1536 branches across the country are covered under Core Banking
Solution (CBS).
yeQke ves meeryeerSme kes Devleie&le meYeer 34 efJeosMeer cege MeeKeeDeesb ceW Heesjskeme Je erDeeF&yeer[er ceW
F&-Kepeevee cees[etue keeee&efvJele efkeS.
Bank has implemented FOREX module under CBS at all the 34 FEX centers
and e-Treasury module at TIBD.
yeQke ves Oeve MeesOeve efveJeejCe cees[etue kee keeee&vJeeve efkeee nw leLee ieenke mebyebOe eyebOeve, DeblejCe
cetueebkeve leb$e leLee Deeefmle oselee eyebOeve mes mebyebefOele Deve cees[etue keeee&vJeeve kes Debeflece mlej
hej nw, pees yeQke eyebOeve keer efveCe&e meceLe&ve eCeeueer ([erSmeSme) kees meMekele yeveeSbies.
Bank has implemented Anti Money Laundering module and is in the process
of implementing other modules relating to Customer Relation Management,
Transfer Pricing Mechanism and Asset Liability Management which will
strengthen decision support system (DSS) of the bank management.
#es$eere ieeceerCe yeQke ceW meeryeerSme kee keeee&vJeeve -
Implementation of Core Banking Solution in Regional Rural Bank (RRB):
efoveebke 31.03.2011 kees yeQke eje eeeesefpele #es$eere ieeceerCe yeQke, ceneje<^ ieeceerCe yeQke keer
meYeer 329 MeeKeeSb meHeueleehetJe&ke meeryeerSme huesHeece& kees Debleefjle nes ieF&.
As on 31/03/2011, all the 329 branches of Maharashtra Gramin Bank, the

RRB sponsored by the Bank, have been brought on CBS platform.
Data Centre, Disaster Recovery Site & Near Site:
[ee mesvj, Deeheoe efjkeJejer meeF& Je efveDej meeF&:
The Bank has its own Data Center (CMM Level III) at Pune to take
care of the CBS infrastructure requirements with Disaster Recovery
(DR) site at Hyderabad. The concept of NEAR SITE as a third site
replication mechanism has been implemented by the Bank with
effect from 13/03/2011. This solution was selected by the Bank for its
anticipated zero data loss over distance, high levels of data availability,
high performance, accuracy and reliability, while enhancing the IT
infrastructure efficiency level, reducing costs and enabling operational
flexibility. We are one of the few public sector banks to implement the
concept of near site.
meeryeerSme yegefveeeoer mebjeveelceke DeeJeMekeleeDeesb keer hetefle& kes efueS yeQke kee Dehevee mJeeb kee [ee
mesvj (meerSceSce uesJeue III) hegCes ceW nw Deewj nwojeyeeo ceW Deeheoe efjkeJejer ([er.Deej.) meeF& mLeeefhele
nw. efoveebke 13.03.2011 mes yeQke eje veerDej meeF& kes he ceW Ske eflemejer meeF& kee keeee&vJeeve
efkeee ieee. otjer kes keejCe nesves Jeeueer Devegceeefvele Metve [ee neefve, Yeejer cee$ee ceW Deebke[esb keer
GheueyOelee, Ge keee&efve<heeovelee, MegOolee Deewj Yejesmescebo nesves kes meeLe-meeLe metevee eeweesefiekeer
kegMeuelee mlej ceW Je=ef, ueeiele ceW keceer Deewj heefjeeueveiele ueeerueeheve megiece yeveevee Fleeefo kes
keejCe yeQke ves Fme meesuetMeve kee eeve efkeee. nce Gve efieves egves mejkeejer #es$e kes yeQkeeW ceW mes Ske
nQ, efpevneWves efveDej meeF& DeJeOeejCee kee keeee&vJeeve efkeee nw.
ATM Network:
SerSce vesJeke&
Bank has increased its ATM Network from 345 ATMs at the start of the year
to 417 ATMs across the country by the end of the year and the project is
totally outsourced on end to end basis. Bank has collaborated with VISA
for the Debit Cards. Bank has joined other shared ATM Networks like NPCI
which enabled access to 50000 plus ATMs in the country for our customers.
Eleven ATMs are bio-metric enabled for the benefit of illiterate customers
and pensioners. Bank is planning to expand the ATM network further in the
ensuing year to make it 750 in all.
yeQke ves osMeYej ceW Dehevee SerSce vesJeke& Je<e& kes DeejbYe ceW 345 SerSce mes ye{ekej 417 SerSce
kee kej efoee nw Deewj heefjeespevee kees hetCe& he mes DeeTmeesme& kej efoee nw. [sefye kee[& nsleg yeQke
kee Jeermee kes meeLe mecePeewlee ngDee nw. yeQke ves SveheermeerDeeF& pewmes Deve Mese[& SerSce vesJeke& kes
meeLe ie"yebOeve efkeee leeefke yeQke kes ieenke osMe Yej ceW Hewues 50000 mes DeefOeke SerSce kee ueeYe
ues mekeW. DeefMeef#ele ieenkeeW Je heWMevejeW kes ueeYeeLe& 11 yeeeescesêrke SerSce ueieeS ieS. Deeves Jeeues
Je<e& ceW SerSce vesJeke& kee efJemleej ye{ekej kegue 750 SerSce kejves keer yeQke keer eespevee nw.
Corporate Network:
keeheexjs vesJeke&
The bank has established its own Corporate Network - MAHANET. The
network was restructured to take care of the latest IT requirements. As of
date, the connectivity has been established at 1536 branches, Regional
Offices, Training Colleges / Centres and Central Office.
yeQke ves ceneves' veeceke mJeeb kee keeheexjs vesJeke& mLeeefhele efkeee nw. Deeeflele DeeF&er DeeJeMekeleeDeesb
keer hetefle& nsleg vesJeke& hegvemLee&efhele efkeee ieee nw. meYeer 1536 MeeKeeSb, #es$eere keeee&uee, eefMe#eCe kesv
/ ceneefJeeeuee leLee kesvere keeee&uee Deye Deeheme ceW pees[ efoS ieS nQ.
23

ceneves kes ceeOece mes meeryeerSme, SerSce vesJeke&, DeejerpeerSme, [ercew, Fbêves, $e+Ce peesefKece
jsefbie, Dee@@ve ueeF&ve kej Yegieleeve eCeeueer, #es$eere keeee&uee mee@HeJesej Fleeefo pewmes DevegeeesieeW
kees keeee&efvJele efkeee ieee nw.
Applications like CBS, ATM Network, RTGS, DEMAT, INTRANET, Credit

Risk Rating, Online Tax Collection System (OLTAS), ROSE, etc. are put to
use through MAHANET.
IP Telephones are extensively used through MAHANET at all the Regional
offices, CBS branches and Head office.
meYeer #es$eere keeee&ueeeW, meeryeerSme MeeKeeDeesb Deewj eOeeve keeee&uee ceW cene-ves kes ceeOece mes
DeeFheer sueerHeesve kee Gheeesie Jeeheke he mes efkeee ieee nw.
Bank is continuously making efforts in doing Research & Development

on latest network technologies such GPRS, 3G, MPLS and VPN etc, for
providing high availability to the branches.
MeeKeeDeesb kees GheueyOe kejves kes efueS peerheerDeejSme, 3peer, SceheerSueSme leLee JeerheerSve Fleeefo pewmeer
veJeervelece vesJeke& skevee@uee@peer kes efjmee& leLee efJekeeme nsleg yeQke melele eeeme kej jne nw.
Real Time Gross Settlement (RTGS) / National Electronic Funds Transfer

(NEFT):
JeemleefJeke mecee mekeue efveheeve (DeejerpeerSme) / jeêre Fueskeê@efveke efveefOe DeblejCe

(SveF&SHeer)
To give an impetus to the Remittances functionality for convenience of

the customer as well as inter-bank transactions, Bank has implemented
RTGS and NEFT at all 1536 branches across the country. Straight Through
Processing (STP) facility is implemented at all CBS branches whereby
credit for inward remittances through RTGS / NEFT is given to the customer
accounts directly by the system. It is proposed to extend the same facility to
Banks sponsored MGB.
ieenkeeW keer megefJeOee kes efueS es<eCe keee& kees mejue yeveeves leLee Deblej-yeQke JeJenejeW kes efueS yeQke
ves osMeYej ceW Hewueer meYeer 1536 MeeKeeDeesb ceW DeejerpeerSme Je SveF&SHeer eCeeueer kee keeee&vJeeve
efkeee. meYeer meeryeerSme MeeKeeDeesb ceW m^s Let eesmesefmebie megefJeOee kee keeee&vJeeve efkeee ieee nw leeefke
DeejerpeerSme / SveF&SHeer kes ceeOece mes DeeJeke es<eCe nsleg ieenke kes Keeles ceW eCeeueer eje meerOee
pecee efkeee peeS. Fme megefJeOee kee efJemleej yeQke eje eeeesefpele ceneje<^ ieeceerCe yeQke ceW kejvee
emleeefJele nw.
Internet Banking / Phone Banking / SMS Banking:
Fvjves yeQefkebie /Heesve yeQefkebie / SmeSceSme yeQefkebie

yeQke ves ves yeQefkebie met DeLee&le ele#e kejeW (meeryeer[erer, meeryeerF&meer SJeb Jew) kes F&-Yegieleeve Je
Dee@@ve ueeF&ve leLee Dee@@He ueeFve DevegjesOe eesmesefmebie kes meeLe Fvjves yeQefkebie/Heesve yeQefkebie/
SmeSceSme/ceesyeeF&ue yeQefkebie ueeiet keer nw. 31.03.2011 kees Fbjves yeQefkebie kes 1,02,000 mes
DeefOeke, Heesve yeQefkebie kes 35,000 Deewj SmeSceSme/ceesyeeF&ue yeQefkebie kes 49,000 Gheeesiekelee& Les.
Bank has implemented the Net Banking suite Internet Banking / Phone
Banking and SMS / Mobile Banking with online and offline request processing
and e-payment of Taxes (CBDT, CBEC & VAT). As on 31.03.2011,
there are more than 1,02,000 customers using Internet Banking, 35,000
customers using Phone Banking and 49,000 customers using the SMS /
Mobile Banking facilities.
metevee eCeeueer megj#ee veerefle
Information System Security Policy:

Bank has put in place its Information System Security Policy" (ISSP)
comprising 34 different policy documents. The ISSP along with the
Procedures are modified keeping in view the changed requirements of the
Bank and approved by the Board. The Policy document has been circulated
to all the staff members of the Bank for compliance.
yeQke ceW metevee eCeeueer megj#ee veerefle' ueeiet nw. Fme veerefle ceW 34 efJeefYevve veerefleiele omleeJes]pe nQ.
keee&efJeefOe kes meeLe Fvekee Deeleve yeQke keer heefjJeefle&le DeeJeMekeleeDeesb kees Oeeve ceW jKeles ngS
efkeee ieee nw Deewj yees[& eje Devegceesove efueee ieee nw. Devegheeueve kes efueS veerefle omleeJespe kees
yeQke kes meYeer kece&eeefjeeW ceW heefjeeefuele efkeee ieee nw.
Bank has completed the process of implementation of the ISSP across the
organization. Compliance verification of the same has been initiated.
yeQke ves mebmLee ceW metevee eCeeueer megj#ee veerefle kes keeee&vJeeve keer eefeee hetCe& keer nw. Fmekeer
Devegheeueve peebe keer ieF& nw.
Cheque Truncation System (CTS):
eske ^bkesMeve eCeeueer (meererSme)
Bank successfully implemented Cheque Truncation System (CTS)

introduced by RBI in the National Capital Region, New Delhi. The process
for implementing CTS at Chennai has been initiated, as per RBI guidelines.
Bank is in readiness to participate in the CTS in Chennai as and when it is
implemented. Bank has migrated all 14 Service Branches to CBS. Service
branches at Pune and Mumbai have been provided with high-end MICR
processors.
je<êre jepeOeeveer #es$e, veF& efouueer ceW Yeejleere efj]peJe& yeQke eje Meg keer ieF& eske ^bkesMeve eCeeueer
kee yeQke ves meHeueleehetJe&ke keeee&vJeeve efkeee. Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej
esvveF& ceW meererSme kes keeee&vJeeve keer eefeee DeejbYe kej oer ieF& nw. pewmes ner esvveF& ceW Fme
eCeeueer kee keeee&vJeeve nes peeSiee, yeQke FmeceW Yeeie uesves nsleg leweej nw. yeQke ves meYeer 14 mesJee
MeeKeeDeesb kees meeryeerSme ceW Debleefjle kej efoee nw. hegCes leLee cegbyeF& efmLele mesJee MeeKeeDeesb kees nee
Sv[ SceDeeemeerDeej eesmesmej GheueyOe efkeS ieS nQ.
Video Conferencing:
hejmhej mebJeeo, eefMe#eCe osvee, mee#eelkeej leLee yeQke kes Ge eyebOeve eje #es$eesb kes keee&efve<heeove keer
hegvejer#ee nsleg yeQke ves SceheerSueSme skevee@uee@peer kes ceeOece mes efJeef[Dees kee@vHesjWefmebie megefJeOee kee efJemleej
efkeee nw. Fme megefJeOee kee DeefOeke mes DeefOeke Gheeesie kejves keer ef mes megOeeefjle Dee@@ef[Dees SJeb efJeef[Dees
keJeeefueer nee [sefHevesMeve Heereme& kes meeLe Fme megefJeOee kees Deeeflele kejves leLee efJeef[Dees kee@vHesjWefmebie kee
Gheeesie F&-ueefveie meefnle DeefOeke mes DeefOeke #es$eesb kees kejves kee emleeJe nw.
Bank expanded the Video Conferencing facility through MPLS technology

to all the Regional Offices for facilitating interactions, imparting trainings,
conducting interviews and review of performance of Regions by the
Top Management of the Bank. In view of the extensive use of the Video
Conferencing facility, it is proposed to upgrade the facility so as to enable
improved audio and video quality features (high definition) and facilitate
extension of the usage of video conferencing to more areas including
e-learning.
keejesyeej hegveefJe&veeme eefeee (yeerheerDeej)
Business Process Re-engineering (BPR):
keejesyeej hegveefJe&veeme eefeee kes YeeiemJehe yeQke ves meYeer 14 mesJee MeeKeeDeesb ceW keWereke=le eske
eesmesefmebie eCeeueer, SvemeerDeej, veF& efouueer ceW eske ^bkesMeve eCeeueer, Keelee Keesueles mecee Jesuekece
efke kes he ceW Jeermee [sefye kee[& (Fvme kee[&) peejer kejvee, DeejerpeerSme/ SveF&SHeer kes efueS
m^s-Let-eesmesefmebie, SerSce kee[& SJeb Fbjves yeQefkebie DeeJesoveeW kee Dee@@veueeF&ve eesmesefmebie, keesj t
keesj [er[er / meerDees/ heerDeesyeer meceeOeeve eCeeueer, yeenjer eske Jemetueer eefeee kee Dee@@escesMeve kee
keeee&vJeeve efkeee.
As a part of BPR, Bank had implemented Centralized Cheque Processing

system at all its 14 service branches, Cheque Truncation System at NCR,
New Delhi, Issuance of VISA Debit Card (Insta Card) as Welcome Kit at the
time of opening of Account, straight- through-processing for RTGS / NEFT,
Online Processing of ATM Card & Internet Banking Applications, Core to
Core DD / CO / POB Reconciliation Systems and automation of outstation
cheque collection process.
efJeef[Dees kee@vHesjWefmebie
It is envisaged to undertake BPR initiatives involving activities such as

Centralised Chequebook Issue, Personalised Cheque Printing, Centralised
Customer Statement Printing & Dispatch, e-Payment Gateway, Centralised
stationery indenting and printing software etc. during 2011-12.
keejesyeej hegveefJe&veeme eefeee keer Deve ieefleefJeefOe pewmes efke keWereke=le eske yegke peejer kejvee,
Jeefeiele eske yegke cegCe, keWerke=le ieenke efJeJejCe cegCe Je es<eCe, F&-Yegieleeve iesJes, uesKeve meeceieer
keer kesverke=le ceebie Je cegCe mee@HeJesej Fleeefo keer mebYeeJeveeSb Je<e& 2011-12 ceW leueeMeer peeSbieer.
24
meeryeerSme eCeeueer mes SveheerS kees pees[vee leLee Gmekee DeefYeefveOee&jCe, yeQke eje keer ieF& ecegKe
yeerheerDeej henue nw Deewj Fmekee efJee ceb$eeuee, Yeejle mejkeej kes efveoxMeeW kes Devegmeej keeee&vJeeve
efkeee ieee nw. en ceeveJeere nmle#eshe kece kejves ceW meneeke nesiee leLee $e+Ce mebefJeYeeie keer
efveiejeveer ceW megOeej ueeSiee.
Identification and collation of NPA from CBS system has been one of
the major BPR initiatives undertaken by the Bank and implemented in
accordance with the directives of Ministry of Finance, Government of India.
This will help reduce manual intervention and facilitate improved monitoring
of the credit portfolio.
eyebOe metevee eCeeueer Je [ee JesDejneTefmebie:
MIS & Data warehousing:
eyebOe metevee heefle kes Debleie&le yeQke ves MeeKee eesHeeF&ue, #es$e eesHeeF&ue, meerDees eesHeeF&ue SJeb yeQke
kes leuehe leLee ueeYe Je neefve uesKes kes efueS keee&heeueke [wMe yees[& nsleg Jewye DeeOeeefjle SceDeeF&Sme
hees&ue efJekeefmele SJeb keeee&efvJele efkeee nw. owefveke JeJemeee Deebke[s SmeSceSme kes eje meYeer
MeeKee eyebOekeeW, #es$e efmLele keee&heeuekeeW leLee Meer<e& eyebOeve kees Yespes peeles nQ. yeQke ves Deheveer mecee
SceDeeF&Sme DeeJeMekeleeDeeW keer hetefle& nsleg MeeKee yeQefkebie eyebOeve metevee eCeeueer (yeeryeerSceDeeF&Sme)
veeceke Deueie SceDeeF&Sme meesuegMeve ueeiet kejvee DeejbYe efkeee nw.
Under MIS, Bank has developed and implemented a web-based MIS Portal
for Branch Profile, Region Profile, CO Profile & Executive Dash Board
of Banks Trial Balance and Profit and Loss account. The daily business
figures are sent through SMS to all branch managers, field executives and
CO executives and top management. Bank has taken implementation of a
separate solution for MIS called Branch Banking Management Information
System (BBMIS) to cater to the overall MIS requirements of the Bank.
en emleeJe efkeee ieee nw efke Je<e& 2011-12 kes oewjeve [ee JesDejneTme Deewj efye]pevesme Fbsefuepebme
eespeske keeee&efvJele kejves nsleg keoce G"eS peeSb.
It is proposed to initiate steps for implementation of Data Warehouse and

Business Intelligence project during the year 2011-12.
metevee eeweesefiekeer eefMe#eCe:
IT Training:
Deefvlece Gheeesiekelee&Deesb keer eefMe#eCe DeeJeMekeleeDeesb keer hetefle& kes efueS Jele&ceeve eefMe#eCe {ebes
kes Deefleefje osMe Yej ces Hewues 14 DeeF&er uewye keee&jle nQ. 7065 kece&eeefjeeW kees meeryeerSme kee
eefMe#eCe efoee ieee.
Bank has operationalized 14 IT Labs across the country in addition to the

existing training infrastructure to cater to the training needs of the endusers. CBS training has been imparted to 7065 staff members.
Deebleefjke he mes efJekeefmele mee@HeJesej:
In-House Software Development:
yeQke ceW mee@HeJesej leweej kejves Jeeues megeefMeef#ele kece&eeefjeeW kee mecetn nw, pees Je<e& meceeefhle mes
mebyebefOele efJeefYevve Gheeesieer eCeeefueeeW Deewj uesKee hejer#ee mes mebyebefOele ieefleefJeefOeeeW meefnle #es$eere
keeee&ueeeW, efJeefYevve keee&cetueke efJeYeeieeW keer DeeJeMekeleeDeesb kes Deveghe efJeefYevve eCeeefueeeW kes
efJekeeme ceW mebueive nw.
Bank has a well-trained pool of software developers who are continuously

engaged in development of various systems as per the requirements of
various functional departments, regional offices etc. including various utility
systems related to year-end and audit related activities.
Implementation of CPSMS: All banks have been directed by Controller
General of Accounts to develop and implement the integration between
their respective CBS and Central Plan Scheme Monitoring System
(CPSMS) functionality which would be an online management information
system and decision support system for the various plan schemes of
Government of India. This would cover the accounts of various agencies
who shall be receiving funds from Government. The primary objective was
to have a tracking and monitoring mechanism for the fund disbursement
and fund utilization under Plan schemes on real time basis. The necessary
integration with CBS to facilitate viewing of transactions in the account by
Government of India has been developed by our internal team within the
timeline specified by Government of India.
meerheerSmeSceSme kee keeee&vJeeve: uesKee kes ceneefveeb$eke ves yeQkeeW kees efveoxMe efoS nQ efke Jes efveiejeveer
eCeeueer kes efueS eespevee nsleg kesvereke=le eespevee Deewj Gvekes mebyebefOele meeryeerSme kes Deeheme ceW mecevJee
kes efJekeeme Deewj keeee&vJeeve nsleg keee& kejW, pees Yeejle mejkeej kes efJeefYevve hueeve eespeveeDeesb kes efueS
Ske Dee@@veueeF&ve efveCe&e meceLe&ve eCeeueer Deewj eyebOe metevee eCeeueer nesieer. en mejkeej mes Oeve eehle
kejves Jeeueer efJeefYevve SpesefvmeeeW kes KeeleeW kees keJej kejsieer. Gmekee cetue GsMe Lee efke efjDeue eF&ce
DeeOeej hej hueeve eespeveeDeesb kes Debleie&le efveefOeeeW kes Gheeesie Je efJelejCe keer efveiejeveer Deewj ^@efkebie kes
efueS Ske leb$e efJekeefmele efkeee peeS. Yeejle mejkeej eje efveOee&efjle mecee meercee kes Debleie&le nceejer
Deebleefjke erce ves Yeejle mejkeej eje meeryeerSme hej KeeleeW kees osKeves keer megefJeOee megiece yeveeves kes
efueS DeeJeMeke mecevJeeve kee keee& efkeee.
yeQke ves F&-er[erSme eCeeueer efJekeefmele keer, pees kej eeefOekeeefjeeW kees efleceener DeeOeej hej F&-er[erSme
efJeJejCe kes emlegleerkejCe, mecevJeeve Deewj meceskeve kee keee& MeeKeeDeesb kes efueS megiece yeveeleer nw.
Bank has developed e-TDS system which enables the branches to collate,
compile and submit quarterly e-TDS return to tax authorities.
MeeKeeDeesb kees yeQke kes Fbêves hej efJeefYevve efJeMues<eCeelceke efJeJejCe Deewj MeeKeeDeesb / #es$eesb kes
efJeefYevve keejesyeejer ceeveob[ mes mebyebefOele Deebke[sb osKeves Deewj Gvekeer efeefbie kejves keer megefJeOee
GheueyOe keer ieF& nw.
Facilities are provided on the Bank's intranet for the benefit of branches for
viewing and printing various analytical statements and statistics about the
business parameters of the branch / regions.
MeeKeeDeesb kes efueS Heece& veb. 16 (er[erSme eceeCehe$e) efeb kejves keer megefJeOee Yeer GheueyOe keer ieF&
nw leeefke DeeJeMekelee kes Devegmeej ieenkeeW kees er[erSme eceeCehe$e peejer nes mekes. en ieenkeeW kees
efJeefYevve peceejeefMeeeW hej kees ieS kej kes efueS eceeCehe$e peejer kejves nsleg ueeiet nw. en megefJeOee
ieenke eje DeeJeMekelee he[ves hej Heece& veb. 16 efeb kej peejer kejves nsleg GheueyOe keer ieF& nw.
Facility has also been provided to branches to generate and print the Form
16 (TDS Certificate) to be issued to customers as and when required. This
is applicable for the TDS deducted on the interest paid to customers on their
various deposits with the Bank. The facility will enable the branches to print
and issue the Form 16 as and when required by the customers.
#es$eere keeee&uee mee@HeJesej, SeDeejSce mee@HeJesej (hes-jesue Deewj Deve cees[etue), MeeKee
efvejer#eCe mee@HeJesej, Dee@@veueeF&ve kej mebenCe eCeeueer, $e+Ce peesefKece jsefbie eCeeueer, YeefJe<e
efveefOe eCeeueer, Fbêves, SerSce kee[& Deewj DeeJesove keer efmLeefle kee helee ueieeves keer eCeeueer Fleeefo
Deve ecegKe efJekeefmele Deewj keeee&efvJele eCeeefueeeb nQ.
The other major systems developed and implemented are Regional Office
Software (ROSW), HRM Software (Payroll and other modules), Branch
Inspection Software (BRAINS), Online Tax Collection System (OLTAS),
Credit Risk Rating System, PF System, INTRANET, ATM card and
application status tracking, etc.
3.4 yeQke eje keer ieF& ieenke kesefvle henue
3.4 Customer Centric Initiatives taken by the Bank
mecetes Je<e& kes oewjeve ieenke meblees<e yeveeS jKeves kes efueS yeQke ves ieenke mesJee kes Ge ceevekeeW kee
heeueve efkeee.
The Bank has pursued high standards of customer service to ensure

customer satisfaction through out the year.
Yeejleere yeQefkebie Deeeej mebefnlee Deewj ceeveke yees[& kes meome kes he ceW yeQke ves ieenkeeW kes eefle
yeQke keer eefleyeOoleeDeesb keer Deeeej mebefnlee, SmeSceF& kes eefle yeQke keer eefleyeOoleeDeesb keer Deeeej
mebefnlee kees mJeerkeej efkeee.
As member of the Banking Codes and Standards Board of India (BCSBI)

Bank has adopted the Code of Banks Commitment to Customers and
Banks Code of Commitment to SMEs.
efveosMeke ceb[ue eje efJeefOeJele he mes Devegceesefole peceejeefMeeeW', èskeeW/efueKeleeW keer Jemetueer',
efMekeeeleeW kee meceeOeeve. '#eeflehetefle&` Deewj `ce=leke peceekelee&Deesb kes oeJeeW kes efveheejs nsleg
heefjeeueveiele keee&efJeefOe' kes omleeJespe leweej efkeS nQ. Fve veerefleeeW kees yeQke keer JesyemeeF& hej
eoefMe&le efkeee ieee nw.
Duly documented policies approved by the Board on Deposits", Collection

of Cheques / instruments", Redressal of Grievances", Compensation" and
Operational Procedure for settlement of claims of Deceased Depositors"
are in place. These policies are displayed on Banks website.
25

ieenke meblegef kees megefveefele kejves kes efueS ieenke efMekeeeleeW kee meceeOeeve, ieenke mesJee keer
iegCeJeee keer efveiejeveer kejves kes efueS efveosMeke ceb[ue keer ieenke mesJee meefceefle keer DeeJeefOeke yew"keW
nesleer nQ. kesvere keeee&uee, #es$eere keeee&uee ceW Yeer ieef"le ieenke mesJee keer mLeeeer meefceefleeeW
keer yew"keW efJeefYevve ieenke mesJee mebyebOeer ceeceueeW Deewj ieenke mesJee ceW megOeej nsleg melele DeeOeej hej
nesleer nQ.
The Committee of the Board on Customer Service meets periodically

to monitor the quality of customer service and redressal of customer
grievances to ensure customer satisfaction. The Standing Committee on
Customer Service at Central Office and Regional Level Customer Service
Committees at all the regional offices also meet regularly to address and
review various customer related matters to take steps for improvement on
an ongoing basis.
meYeer MeeKeeDeesb ceW ieenke mesJee meefceefle kee ie"ve efkeee ieee nw. peceekelee&, kebheefveeeW,
JeeheeefjeeW Deewj Jeefj<" veeieefjkeeW meefnle meYeer mebJeie& kes ieenkeeW kees yew"keeW ceW yegueeee peelee
nw leeefke yeQke keer eespeveeDeesb, mesJeeDeesb Deewj GlheeoeW kes mebyebOe ceW Gvekes efJeeej Deewj megPeeJe eehle
efkeS pee mekeW.
Customer Service Committees at all the branches are formed and a cross
section of customers representing depositors, corporates, businessmen
and senior citizens are invited to attend its meetings to have feedback and
suggestions on schemes, products and services.
ieenke efMekeeeleeW kee lJeefjle efveJeejCe kejves kes efueS ieenke efMekeeele efveJeejCe leb$e keee&jle nw.
yeQke kes keWere keeee&uee Deewj meYeer #es$eere keeee&ueeeW ceW efMekeeele eyebOeve ke#e keee&jle nw.
ieenke mesJee hej yees[& meefceefle Deewj keWere keeee&uee keer ieenke mesJee hej ieef"le mLeeeer meefceefle
efveeefcele DeeOeej hej ieenke efMekeeeleeW kes efveheejs keer eieefle keer efveiejeveer kejleer nw.
A full fledged grievances redressal machinery is in place to respond promptly

to customer grievances. Complaint Management Cells are operative at
Central Office and at all Regional Offices of the Bank. The Committee of the
Board on Customer Service and Standing Committee on Customer Service
at Central Office monitor the progress of redressal of customer grievances
regularly.
yeQke ves ieenke mesJee mes mebyebefOele ieesFheesefjee meefceefle leLee [e@. Sme. Sme. leejeheesj meefceefle keer meYeer
ecegKe efmeHeeefjMeeW kee keeee&vJeeve kej efoee nw.
The Bank has implemented all major recommendations of Goiporia

Committee and Dr. S.S.Tarapore Committee relating to customer service.
yeQke ves ieenkeeW mes mesJee hej efMekeeele ope& kejves, eeflemeteveeSb SJeb megPeeJe ceebieves, eeefhle keer
metevee osves SJeb Gvekeer eeflemeteveeDeesb/efMekeeele keer efmLeefle oMee&ves kes efueS Fbjves DeeOeeefjle leb$e
efJekeefmele efkeee nw.
The Bank has in place internet based mechanism for lodging the complaint
or to give suggestions / feedback on services by the customers and for
providing acknowledgement and status of their feedback / complaint.
efoveebke 08.02.2011 kees yeQke ves Dehevee JeOee&heve efoJeme ieenke efoJeme kes he ceW ceveeee. Fme efove
DeOe#e Je eyebOe efveosMeke eje osMe Yej ceW Hewues meYeer ieenkeeW mes efJeef[Dees kee@vHejsefvmebie kes ceeOece
mes hejmhej mebJeeo efkeee ieee.
The Banks Anniversary Day on 8.2.2011 was celebrated as Customers

Day and Chairman & Managing Director interacted with the customers
across the country through video conferencing.
3.5 KYC/AML
3.5 Deheves ieenkeeW kees peeefveS / Oeve MeesOeve efveJeejCe eCeeueer
Know Your Customer (KYC) norms/Anti-Money Laundering (AML)

standards/ Combating of Financing of Terrorism (CFT) and obligation of
Bank under PMLA, 2002
Deheves ieenkeeW kees peeefveS / Oeve MeesOeve efveJeejCe eCeeueer / DeelebkeJeeefoeeW kees efJeehees<eCe jeskevee
Deewj Oeve MeesOeve efveJeejCe DeefOeefveece, 2002 kes Debleie&le yeQke keer eefleyeleeSb
yeQke kes heeme efveosMeke ceb[ue mes Devegceesefole kesJeeemeer-SSceSue-meerSHeer veerefleeeb nQ. Fve veerefleeeW
kes DeeOeej hej yeQke kesJeeemeer ceeveob[, SSceSue ceeveke Deewj meerSHeer Gheee ueeiet kejlee nw.
hetCe& kesJeeemeer Devegheeueve ceW ieenkeeW Deewj Gmeer ekeej kece&eeefjeeW kees Yeer efMeef#ele kejvee Meeefceue
nw. Fmekes efueS yeQke ves efvecveefueefKele keoce G"eSb.
ieenkeeW kes ueeYeeLe& yeQke keer JesyemeeF& hej kesJeeemeer omleeJespeeW keer Jeeheke meteer Deheuees[ keer
ieF&.
yeQke kes eefMe#eCe mebmLeeveeW ceW kesJeeemeer-SSceSue-meerSHeer hej efveeefcele eefMe#eCe keee&ece
Deeeesefpele efkeS ieS.
The Bank has Board approved KYC-AML-CFT Policy in place. The said
Policy is the foundation on which the Banks implementation of KYC norms,
AML standards and CFT measures is based.
The full KYC compliance entails staff education as well as customer
education for which the following measures are taken by the Bank.
A comprehensive list of KYC documents is uploaded on the Banks web site

for the benefit of customers
Regular training sessions are conducted on KYC-AML-CFT guidelines at

the Banks training establishments.
3.6 Information Facilitation Centre:
3.6 metevee megefJeOee keW :
Mahabank Facilitation Centre is operating from Mumbai since June 2005

and can be accessed through two All India Toll Free Numbers i.e. 1800222340 and 1800-220888. Toll Free Telephone Numbers have been made
available at 12 major cities.
cegbyeF& ceW petve 2005 mes ceneyeQke metevee megefJeOee keW keee&jle nw. oes esue eer eceebke 1800220888 Deewj 1800-222340 hej Fme keW mes mebheke& efkeee pee mekelee nw. 12 ecegKe MenjeW ceW
esue eer sueerHeesve keer megefJeOee GheueyOe keer ieF& nQ.
During the year, 27,840 calls were received on toll free numbers regarding
various products and services offered by the Bank, queries and feedback on
the Banks services.
Je<e& kes oewjeve 27,840 ueesieeW ves esue eer eceebkeeW hej sueerHeesve efkeee Deewj yeQke eje oer peeves
Jeeueer mesJeeDeesb Deewj GlheeoeW kes yeejs ceW hetlee keer/ yeQke keer mesJee kes mebyebOe ceW eeflemetevee oer.
An Information Facilitation Centre had been set up in July 2001 in Head

Office for providing information on various schemes and products of the
Bank and any other information / assistance that may be required by
customers and public.
ieenke Deewj Deece pevelee eje ceebieer ieF& metevee / meneelee leLee yeQke keer efJeefYeVe
eespeveeDeesb Je GlheeoeW keer peevekeejer osves kes efueS pegueeF& 2001 mes Ske metevee megefJeOee
keW mLeeefhele efkeee ieee.
During the year, 6,695 complaints were received and redressed through this
center.
Je<e& kes oewjeve Fme keW kes ceeOece mes 6,695 efMekeeeleW eehle ngF& Deewj efveheeF& ieF&.
3.7 peesefKece eyebOeve
3.7 Risk Management
yeQke keejesyeej peefue mes peefue nes jne nw Deewj efJeefYevve ekeej keer peesefKece yeQefkebie keejesyeej ceW efJeeceeve
nw. yeQke keer peesefKece eyebOeve #eceleeDeesb hej Gmekeer meHeuelee efveYe&j kejleer nw, Fme yeele kees Oeeve ceW jKeles
ngS yeQke ves eYeeJeer peesefKece eyebOeve kes efueS efJeefYevve ekeej keer jCeveerefleeeb DeheveeF& nQ.
Banking business is becoming more complex and exposed to wide array

of risks. Success of a bank will be derived based on its risk management
capabilities. Keeping this in mind the Bank has adopted various strategies
for effective risk management.
$e+Ce peesefKece
Credit Risk
yeQke keer meceie peesefKece eyebOeve veerefle kee $e+Ce peesefKece eyebOeve Ske Deblejbie Debie nw. yeQke ves $e+Ce
peesefKece eyebOeve kes efueS Jeeheke GOeej veerefle, $e+Ce hegvejer#eCe veerefle leLee peesefKece eyebOeve veerefle
kees ueeiet efkeee nw. Fve veerefleeeW ceW efJeefYevve efoMeeefveoxMe, keee&efJeefOeeeW, ceevekeeW Deewj efJeJeskeer /
efJeieesheve ceeveob[eW kee efJeJejCe efoee ieee nw.
The Credit Risk Management process forms an integral part of overall

risk management of the Bank. The Bank has put in place comprehensive
Lending Policy, Loan Review Policy and Risk Management Policy for credit
risk management. The policies prescribe various guidelines, procedures,
standards and prudential / exposure norms.
26
yeQke ves $e+Ce peesefKece eyebOeve meefceefle kee ie"ve efkeee nw, pees DeeJeefOeke DeblejeueeW hej veerefleeeW,
$e+Ce eMeemeve Deewj efveiejeveer mes mebyebefOele keee&efJeefOeeeW Deewj eCeeefueeeW keer meceer#ee kejleer nw.
The Bank has constituted Credit Risk Management Committee (CRMC)

which reviews the policies, procedures and systems relating to credit
administration and monitoring, at periodic intervals.
Skeue GOeejkelee&/mecetn GOeejkelee&DeeW kees efoS ieS kegue efJeieesheve/mebJesoer #es$eeW kees efoS ieS kegue
efJeieesheve, GeesieeW kees efoS ieS kegue efJeieesheve, cenJehetCe& efJeieesheve, Yeewieesefueke efJeieesheve leLee kece
eeLeefcekelee #es$e Deewj cenJehetCe& #es$eeW kee DeefYeefveOee&jCe Fleeefo kes efueS $e+Ce efJeieesheve meerceeDeeW keer
meceer#ee, efveiejeveer Deewj efveOee&jCe kes ceeOece mes $e+Ce peceeJe peesefKece kee efJeefveeceve efkeee peelee nw.
Credit concentration risk is regulated through prescribing, monitoring and

reviewing of credit exposure limits in terms of single borrower / group
borrower exposure, exposure to sensitive sectors, industry exposure,
substantial exposure, geographical exposure, identifying the thrust and low
priority areas.
GOeejer emleeJe ceW peesefKece mebYeeJeveeDeeW kee cetueebkeve kejves kes efueS yeQke ves yesmeue II DeeJeMekeleeDeeW
kes Debleie&le Deebleefjke he mes efJekeefmele $e+Ce peesefKece jsefbie esceJeke&, Jele&ceeve Deewj Gmeer ekeej eJesMe
mlejere GOeejkelee&DeeW keer jsefbie efJeefYeVe Deeefmle mebJeieex ceW kejves nsleg ueeiet efkeee nw. ueeYe eespevee kees
neefmeue kejves Deewj peesefKece Jenve #ecelee kes Debleie&le $e+Ce mebefJeYeeie leweej kejves keer ef mes yeQke ves
eJesMe mlejere efJeieesheveeW kes efueS vetvelece jsefbie efveOee&efjle efkeS nQ. $e+Ce peesefKece eyebOeve keee& kees
$e+Ce cebpetjer kes keee& mes Deueie kejves kes efueS efJeefYeVe mlejeW hej $e+Ce Devegceesove efe[ mLeeefhele efkeee nQ.
pees meefceefle efkeesCe kes ceeOece mes peesefKece mebYeeJeveeDeeW kee helee ueieeles nQ.
To evaluate the risk perception in a lending proposition, the Bank has put
in place an in-house developed Credit Risk Rating Framework (CRRF) for
rating of existing as well as entry level borrowers in various asset classes,
as desired under Basel II. The Bank has prescribed threshold ratings for
entry level exposures with a view to building up credit portfolio within the
risk appetite and achieve the profit plan. With a view to separating the Credit
Risk Management function from credit sanctioning, Credit Approval Grids
are set up at various levels which assess the risk perception through a
committee approach.
yeQke ves Ske efveOee&efjle DeJeefOe kes oewjeve GOeejkelee&Deesb keer $e+Ce peesefKece eesieleeece kee ceeFiesMeve
efJeMues<eCe efkeee Deewj yesmeue II DeeJeMeeeDeesb kes ece ceW etke keer mebYeeJeveeDeesb kee Devegceeve
ueieeee. efjmke efjve& ^s[ Dee@@He neefmeue kejves kes efueS peesefKece DeeOeeefjle cetueebkeve esceJeke& ueeiet
efkeee ieee. $e+Ce mebJeie& ceW Meeefceue peesefKeceeW kee cetueebkeve kejves Deewj $e+Ce iegCeJeee megOeejves kes
efueS jCeveerefleeeb Deheveeves nsleg mebefJeYeeie meceer#ee Deewj GeesieeW kee DeOeeve efkeee ieee. DeeJeefOeke
he mes m^sme sm heefjCeeceeW kee cetueebkeve efkeee ieee.
The Bank has undertaken migration analysis of credit risk rating of

borrowers over a time horizon and probability of default has been estimated
in line with Basel II requirements. To achieve risk-return trade off, risk based
pricing framework has been implemented. Portfolio reviews and industry
studies are undertaken to assess the risks lying in the credit portfolio and
adopt strategies to improve credit quality. Stress testing is also undertaken
periodically.
yeepeej peesefKece
Market Risk
yeepe ojeW, efJeosMeer cege ojeW, F&efkeJeer Deewj JemlegDeesb kes cetue ceW heefjJele&ve Deewj ieefleMeeruelee kes
keejCe yeQke kees yeepeej peesefKece nesleer nw. es heefjJele&ve yeQke keer keceeF& Deewj hetbpeer hej Demej [eueles
nQ Deewj yeQke keer lejuelee Deewj ueeYeeolee kees Yeer eYeeefJele kejles nQ.
Market Risk is the risk to the Bank resulting from the movements in market
prices due to changes in interest rates, foreign exchange rates, equity price
and commodity price. The changes impact the Banks earnings and capital
and can have ramifications on the Banks liquidity and profitability.
Jeeef<e&ke he mes hegvejeref#ele Deewj yees[& eje Devegceesefole Deeefmle oselee eyebOeve veerefle ceW yeepeej peesefKece
Deewj lejuelee peesefKece eyebOeve kes ceeveob[ efveOee&efjle nQ. yeQke ves Deeefmle oselee eyebOeve meefceefle kee ie"ve
efkeee nw, efpemekeer yew"ke lejuelee keer efmLeefle Deewj yeepe oj heefjMe Fleeefo kee hegvejer#eCe kejves kes
efueS efveeefcele DeblejeueeW hej nesleer nw. Deeefmle oselee eyebOeve meefceefle pecee / DeefieceeW keer yeepe ojeW keer
meceer#ee kes eje yeepeej peesefKece Deewj lejuelee peesefKece kee eyebOeve Deewj hee&Jes#eCe kejleer nw. Deeefmle
oselee eyebOeve meefceefle efJeefYevve peesefKece meerceeDeesb kes heeueve keer efveiejeveer kejleer nw Deewj Jele&ceeve yeepe
oj heefjMe Deewj yeepeej ceW lejuelee keer efmLeefle kes DeeOeej hej ueeYe kees DeefOekelece kejves Deewj meceie
leguevehe$e kes eyebOeve kee keee& Yeer kejleer nw.
The ALM Policy, which is reviewed annually and approved by the Board,
prescribes the parameters for management of Market Risk and Liquidity
Risk. The Bank has constituted Asset Liability Management Committee
(ALCO), which meets at regular intervals to review the interest rate scenarios,
liquidity positions etc. The ALCO manages and supervises Market Risk and
Liquidity Risk through review of rates of interest on deposits / advances.
ALCO also monitors adherence to various risk limits and determines the
business strategy in light of prevailing interest rate scenario and liquidity
position in the market with a view to optimizing profit and overall balance
sheet management.
Deeefmle oselee eyebOeve veerefle kes ceeOece mes yeepe oj peesefKece kees eyebefOele efkeee peelee nw. efJeefYeVe Gheee
pewmes efke peesefKece hej Deee, peesefKece hej DeJeefOe Deewj cetue cee@[ueeW kee Gheeesie yeepe oj peesefKece
keer efveiejeveer kes efueS efkeee peelee nw. Deeefmle oselee eyebOeve meefceefle peesefKece keer efveiejeveer efveeefcele
DeblejeueeW hej kejleer nw Deewj yeepe oj peesefKece kees vetvelece kejves kes efueS keoce G"eS peeles nQ.
Interest Rate Risk is managed through the prescriptions of ALM Policy.

Various tools viz. Earnings at Risk, Duration and Value at Risk models are
used for monitoring interest rate risk. The ALCO reviews the risk on regular
basis and measures are initiated to minimize the interest rate risk.
efveJesMe eyebOeve keer Jeeheke veerefle Je efveJesMe peesefKece eyebOeve veerefle kes Devegmeej yeQke efveJesMe peesefKece
kee eyebOeve kejlee nw.
Investment Risk is managed through the prescriptions made in the

Investment Management Policy & Investment Risk Management Policy.
efJeosMeer cege peesefKece kes eyebOeve kes efueS yeQke ves Kegueer efJeosMeer cege efmLeefle kes efueS efJeJeskehetCe& $e+Ce
meercee, meceie Deblej efmLeefle ,[sueeF& efueefce, DeesJejveeF& efueefce, ves Deesheve DeesJejveeF& efmLeefle,
me@he uee@me efueefce Deewj efJeosMeeW ceW efveJesMe/ GOeej/mJewhe heefjeeefuele kejves kes efueS efueefce, DeblejyeQke
efJeieesheve meercee Fleeefo ueeiet keer nw. Fve efueefceeW keer efveiejeveer efveeefcele DeeOeej hej nesleer nw.
For management of Foreign Exchange Risk, prudential limits for open

foreign exchange position, aggregate gap position, Daylight limit, Overnight
limit, Net open overnight position, Stop loss limit, Limit for undertaking
swaps / investment / borrowing overseas, inter bank exposure limits etc.
have been put in place. These limits are monitored regularly.
lejuelee peesefKece kee eyebOeve {ebeeiele lejuelee Deewj DeuheeJeefOe [eeve@efceke lejuelee Deewj Gmeer
ekeej owefveke lejuelee efmLeefle keer meceer#ee eje efkeee peelee nw. DeeJeefOeke DeeOeej hej m^sme
sefmbie keer peeleer nw.
Management of Liquidity Risk is achieved through ongoing review of

structural liquidity and short term dynamic liquidity as well as daily liquidity
position. Stress testing is undertaken periodically.
Operational Risk
heefjeeueveiele peesefKece
The Operational Risk Management Policy of the Bank outlines the framework
for measuring, monitoring and controlling operational risk in the Bank. The
Bank lays due emphasis on identifying risk prone areas and taking suitable
remedial actions by streamlining systems & procedures, imparting training
so as to control operational risks. The Operational Risk Management
Committee (ORMC) meets regularly to review the matters related to
operational risk. The Bank has put in place policy on Business Continuity
Planning. A policy on outsourcing is also formulated which facilitates use
of expertise available in the market with adequate safeguards against risk
associated with outsourcing.
yeQke keer heefjeeueveiele peesefKece eyebOeve veerefle ceW yeQke ceW heefjeeueveiele peesefKece kees veeheves, Gmekeer
efveiejeveer kejves Deewj Gmes efveebef$ele kejves nsleg efJemle=le hejsKee oer ieF& nw. yeQke peesefKeceiemle #es$eesb
kees heneeveves Deewj eCeeueer leLee keee&efJeefOe ceW Gefele megOeej, eefMe#eCe kes ceeOece mes mecegefele
Gheeejelceke keoce G"e jne nw leeefke heefjeeueveiele peesefKece kees efveebef$ele efkeee pee mekes.
heefjeeueveiele peesefKece eyebOeve meefceefle keer efveeefcele yew"keW heefjeeueveiele peesefKece mes mebyebefOele
ceeceueeW keer meceer#ee kejves nsleg ueer peeleer nw. yeQke ves keejesyeej melelelee eespevee kees ueeiet efkeee nw.
DeeGmeesefme&bie veerefle Yeer leweej keer ieF& nw pees yeepeej ceW GheueyOe efJeMes<e%elee kes Gheeesie kees megiece
yeveeleer nw Deewj DeeGmeesefme&bie mes mebyebefOele peesefKece kees vetvelece kejleer nw.
27

yesmeue II Devegheeueve
Basel II Compliance
Yeejleere efj]peJe& yeQke eje peejer veS hetbpeer heee&hlelee esceJeke& (yesmeue II) keer Melees kes Devegmeej yeQke
yesmeue II Devegheeueveegkele nw. hetbpeer heee&hlelee keer ieCevee kes efueS Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW
kes Devegmeej yeQke ves ceevekeerke=le efkeesCe $e+Ce peesefKece kes efueS, ceevekeerke=le DeJeefOe efkeesCe yeepeej
peesefKece kes efueS Deewj cetue mebkesleke efkeesCe heefjeeueveiele peesefKece kes efueS Deheveeee nw. yesmeue II kes
Debleie&le efveOee&efjle DeeJeMekeleeDeesb kes Devegmeej efveieefcele efJeieesheve mebyebefOele peesefKece kees veeheves kes efueS
Devegceesefole $e+Ce jsefbie SpeWefmeeeW keer $e+Ce jsefbie kee Gheeesie efkeee peelee nw. yeQke ves $e+Ce peesefKece
eMeceve lekeveerke Deewj meneeke eefleYetefle eyebOeve veerefle kees Yeer ueeiet efkeee nw.
The Bank is Basel II compliant in terms of the New Capital Adequacy

Framework (Basel II) guidelines issued by RBI. Bank has adopted
Standardized Approach for Credit Risk, Standardized Duration Approach
for Market Risk and Basic Indicator Approach for Operational Risk as per
RBI guidelines for capital adequacy computation. External credit ratings
from approved rating agencies are used for risk weighting of corporate
exposures as required under Basel II. Bank has also put in place a policy on
Utilization of Credit Risk Mitigation Techniques & Collateral Management.
yeQke ves yees[& mes Devegceesefole Deebleefjke hetbpeer heee&hlelee cetueebkeve eefeee kees leweej efkeee nw efpemekes
Debleie&le yesmeue II ceeveob[eW kes efheuej 2 keer DeeJeMekeleeDeesb keer hetefle& nsleg efheuej 1 peesefKece (DeLee&le
$e+Ce peesefKece, yeepeej peesefKece Deewj heefjeeueveiele peesefKece) kees es[kej peesefKece kees veeheves Deewj
heneeveves kee keee& Meeefceue nw. Yeejleere efj]peJe& yeQke kes yesmeue II keer efheuej 3 DeeJeMekeleeDeesb keer
hetefle& nsleg efoMeeefveoxMeeW ceW efveOee&efjle ekeve ceeveob[eW kee heeueve efkeee ieee nw.
The Bank has evolved Board approved Internal Capital Adequacy

Assessment Process (ICAAP) which covers identification and measurement
of risks other than Pillar 1 risks (i.e. Credit Risk, Market Risk & Operational
Risk), to meet the requirements of Pillar 2 of Basel II norms. The Bank has
adhered to disclosure norms as stipulated in the guidelines of RBI to meet
Pillar 3 requirements of Basel II.
yeQke ves yesmeue II kes Debleie&le Gvvele efkeesCe kes keeee&vJeeve nsleg Ske eespevee leweej kej ueer nw.
Bank has drawn a roadmap for implementation of advanced approaches

under Basel II.
eefMe#eCe kes ceeOece mes kece&eeefjeeW kes ceOe yesmeue II ceeveob[eW keer yesnlej peeiekelee
megefveefele keer ieF& nw. yeenjer eefMe#eCe, keee&MeeueeDeesb Deewj meccesueveeW kes ceeOece mes kesvere
keeee&uee ceW keee&jle peesefKece eyebOeve oue keer kegMeueleeDeesb Deewj %eeve kee efvejblej keesefGvveeve
efkeee peelee nw.
Improvement in awareness of Basel II norms amongst the employees is

ensured through training. Knowledge and skill levels of risk management
team at Central Office are constantly upgraded through exposure to external
trainings, workshops and seminars.
3.8 Deebleefjke efveeb$eke eCeeefueeeb
3.8 Internal Control Systems
efvejer#eCe Deewj mebieeceer uesKee hejer#ee:
Inspection & Concurrent Audit:
heefjeeueveiele peesefKece kees DeefYeefveOee&efjle kejves, cetueebkeve kej Gmes kece kejves kes efueS yeQke ves
efvejer#eCe Je uesKee hejer#ee kes eje efJeefYeVe Deebleefjke efveeb$eke Gheee DeheveeS nQ.
The Inspection and Audit system and various measures of internal control
are adopted by the Bank to ensure identification/assessment and mitigation
of operational risks.
MeeKeeDeeW kee efvejer#eCe
Inspection of Branches:
yeQke ves efpeueeveer meefceefle keer efmeHeeefjMeeW kee heeueve kejvee peejer jKee Deewj Je<e& kes oewjeve 1011
MeeKeeDeesb kee efvejer#eCe efkeee. efvejeref#ele MeeKeeSb yeQke keer kegue MeeKeeDeesb kee 65.82 eefleMele
efnmmee Leer. Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej peesefKece DeeOeeefjle hee&Jes#eCe kes
Debleie&le Fve meYeer 1011 MeeKeeDeesb ceW peesefKece DeeOeeefjle Deebleefjke uesKee hejer#ee Yeer keer ieF&.
The Bank continued to adhere to the Jilani Committee recommendations

and inspected 1011 branches during the year covering 65.82 per cent
of total branches of the Bank. As per RBI guidelines under Risk Based
Supervision, the Bank has undertaken Risk Based Internal Audit (RBIA) al
all these 1011 branches.
meYeer efvejer#eCe DeefOekeeefjeeW Deewj efvejer#eCe ke#e ecegKeeW kees veerefleeeW, keee&efJeefOeeeW, JeJemeee
heefjJesMe, yeQkeeW kes efueS egveewefleeeb Deewj DeJemej, peesefKece kes veS #es$eesb keer heneeve kejves Deewj
Jeefj<"lece eyebOeve kees MeeKeeDeesb Deewj keeee&ueeeW kes ceewpetoe Deewj Deemevve peesefKeceeW kes yeejs ceW
Deeieen kejves ceW Gvekeer Yetefcekee kes yeejs ceW Deeleve peevekeejer osves kes efueS efmelebyej/Deetyej 2010
kes oewjeve Ske meccesueve kee Deeeespeve efkeee ieee Lee.
Conference of all inspecting officials and heads of inspection cells was

organized during September/October 2010 to update them on policies,
procedures, business environment, opportunities and challenges for banks,
emerging areas of risks and their role in alerting the top Management of
existing and impending risks at branches and offices.
lelkeeue efvejer#eCe:
Surprise Inspection:
Iees<e meefceefle keer efmeHeeefjMeeW kes DevegmejCe ceW MeeKeeDeesb kes Ge peesefKece Jeeues #es$eesb hej Oeeve osves
kes efueS 110 MeeKeeDeesb ceW lelkeeue efvejer#eCe efkeee ieee.
In pursuance of the Ghosh committee recommendations, surprise inspection

was carried out at 110 branches focusing mainly on high risk areas at the
branches.
mebieeceer uesKee hejer#ee :
Concurrent Audit:
Je<e& kes oewjeve yeQke keer 312 MeeKeeDeesb Deewj kesvere keeee&uee kes 4 efJeYeeieeW ceW mebieeceer uesKee
hejer#ee keer ieF&. Fve MeeKeeDeesb ceW yeQke keer meceie peceejeefMeeeW kee 66 eefleMele Deewj yekeeee DeefieceeW
kee 77.50 eefleMele efnmmee nw.
312 Branches and 4 central office Departments were subjected to

Concurrent Audit during the year. These branches covered 66 per cent of
aggregate deposits and 77.50 per cent of total advances of the Bank.
Deee Je Jee uesKee hejer#ee:
Income & Expenditure Audit:
Deee efjmeeJe kee DeefYeefveOee&jCe kejves Je Gmekeer Jemetueer kejves kes efueS Deetyej 2009 mes efmelebyej
2010 keer DeJeefOe kes efueS 720 MeeKeeDeesb keer Deee Je Jee uesKee hejer#ee keer ieF&. Je<e& kes oewjeve
meYeer #es$eere keeee&ueeeW keer DeOe& Jeeef<e&ke Jee uesKee hejer#ee keer ieF&.
Income & Expenditure Audit for the period from October 2009 to September
2010 was carried out at 720 branches to identify and recover income
leakages, if any. Half yearly Expenses Audit of all the Regional Offices was
carried out during the year.
eyebOeve uesKee hejer#ee :
Management Audit:
16 #es$eere keeee&ueeeW Deewj keWere keeee&uee kes 13 efJeYeeieeW keer hee&Jes#eCe Deewj efveeb$eCe kes ece
ceW Gvekeer eYeeJeMeeruelee kee efveOee&jCe kejves kes efueS eyebOeve uesKee hejer#ee keer ieF&.
Management Audit of 16 Regional Offices and 13 departments at Central

Office was carried out for assessing their effectiveness in terms of
supervision and controls.
yeQefkebie efJeefveeceve DeefOeefveece keer Oeeje 35 kes DeOeerve Yeejleere efj]peJe& yeQke kee efvejer#eCe :
RBI Inspection under Section 35 of the Banking Regulation Act:
Je<e& 2010-11 kes oewjeve Yeejleere efj]peJe& yeQke ves yeQefkebie efJeefveeceve DeefOeefveece keer Oeeje 35 kes
DeOeerve yeQke keer 5 MeeKeeDeesb Je 3 #es$eere keeee&ueeeW kee efvejer#eCe efkeee. Yeejleere efj]peJe& yeQke ves
01.06.2010 mes 21.07.2010 kes yeere Jeeef<e&ke efJeeere efvejer#eCe efkeee.
During the year 2010-11, RBI inspected 5 branches and 3 Regional Offices
under Section 35 of RBI Act. RBI conducted AFI of the bank during the
period 01.06.2010 to 21.07.2010.
28
3.9 meleke&lee
3.9 Vigilance
yeQke ceW meleke&lee ieefleefJeefOeeeb eyebOeve kee Deblejbie Debie nw. Fmekee GsMe eyebOekeere kegMeuelee Deewj
eYeeJeMeeruelee kes mlej ceW Je=ef kejvee Deewj kegMeue eMeemeve kes efueS Gefele JeeleeJejCe kee efvecee&Ce
kejvee nw peneb DeefOekeejer Deheves keee& efyevee efkemeer [j Deewj YesoYeeJe mes kej mekeW.
Vigilance activity in the Bank is an integral part of the managerial function.

Its objective is to enhance the level of managerial efficiency, effectiveness
and to ensure a proper climate for an efficient administration, where officials
can perform the duties without any fear or favour.
yeQke ceW meleke&lee kee keee& ueeeruesheve Deewj peJeeyeosner kes ceOe Gefele meblegueve keeece jKelee nw.
Vigilance in bank is maintaining a proper balance between flexibility and

accountability.
meleke&lee kee Deefle cenlJehetCe& Debie efveJeejke meleke&lee nw. eleske mlej hej keee&kegMeuelee ceW megOeej
kes efueS yeQke ves efvecveefueefKele keoce G"eS nQ.
Preventive Vigilance is the most important aspect of vigilance. With a view

to improve functioning at all levels, the Bank has taken the necessary steps
as under:
cegKe meleke&lee Deeege kes efveoxMeeW kes Devegmeej 20 Deewj DeefOeke kece&eeefjeeW Jeeueer MeeKeeDeesb ceW
mebJesoer Deewj peeuemeepeeriemle #es$eesb kee hegvejer#eCe / efveiejeveer kejves Je efJemebieefleeeW (eefo keesF& nes),
kees efjhees& kejves kes efueS meleke&lee meefceefleeeW kee ie"ve efkeee ieee nw.
In accordance with CVC directives, Vigilance Committees have been formed

at the Branches having staff of 20 and more, to review/ monitor sensitive
and fraud prone areas and report abnormalities observed therein, if any.
peeuemeeefpeeeW kees eueves, Gvekee helee ueieeves, Gvekee Jeieer&kejCe kejves Deewj Gvekeer efjheesef&bie kejves
Je keer peeves Jeeueer keee&Jeener megPeeves kes efueS peeuemeepeer peesefKece eyebOeve veerefle' yeQke ves leweej kej
ceeie&oMe&ve SJeb Gheeesie nsleg meYeer kece&eeefjeeW Je #es$e keee&kelee&Deesb ceW heefjeeefuele keer nw.
Fraud Risk Management Policy on prevention, detection, classification and

reporting of frauds including action to be taken, has been adopted by the
Bank and circulated for the guidance and use of the branches and field
functionaries.
3.10 Devegheeueve
3.10 Compliance
Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej yees[& Devegceesefole Devegheeueve veerefle kees ueeiet efkeee
ieee nw Deewj Ghe ceneeyebOeke kes heo Jeeues cegKe Devegheeueve DeefOekeejer keer ecegKelee ceW Devegheeueve
efJeYeeie kee ie"ve efkeee ieee nw. Devegheeueve efJeYeeie Yeejleere efj]peJe& yeQke/Yeejle mejkeej/Yeejleere
yeQke mebIe Deewj Deve SpeWefmeeeW mes eehle efveoxMees/mebes<eCeeW kee mecee hej Devegheeueve megefveefele kejlee nw.
Devegheeueve keer efmLeefle keer meceer#ee Ge eyebOeve/yees[& keer uesKee hejer#ee meefceefle eje meehleeefnke/ceeefmeke/
efleceener DeeOeej hej keer peeleer nw. yeQke ceW Devegheeueve mebmke=efle ceW megOeej kejves nsleg DeefOekeejer/kece&eeefjeeW
kes eefMe#eCe keee&eceeW ceW Devegheeueve hej Ske me$e Meeefceue efkeee ieee nw.
As per the Reserve Bank of India guidelines, Board approved Compliance

Policy is in place and the compliance department is headed by Chief
Compliance Officer who is in the rank of Deputy General Manager. The
Compliance Department ensures timely compliance to the directions /
communications received from Reserve Bank of India / Government of
India / IBA and other agencies. The compliance status is reviewed by the
Top Management / Audit Committee of the Board on weekly / monthly/
quarterly basis. To improve the compliance culture in the Bank session on
compliance has been included in training programme for staff members.
3.11 efJeheCeve Deewj eeej

yeQke ves 31.03.2010 kees ` 1 ueeKe kejes[ kes keejesyeejer mlej kees heej efkeee. Fme GheueefyOe kee efeb
ceeref[ee Deewj Fueskeê@efveke ceeref[ee ceW efJe%eeheve kes ceeOece mes Jeeheke eeej efkeee ieee.
3.11 Marketing And Publicity

The landmark of crossing ` 1.00 lakh crore business was achieved on
31.03.2010. This occasion was given wide publicity by giving advertisements
in print media and electronic media.
huesefvece pegefyeueer Je<e& kee meceeheve meceejesn efJe%eeve YeJeve, veF& efouueer ceW Deeeesefpele efkeee ieee.
Fme DeJemej hej ceeveveere efJee ceb$eer eer eCeJe cegKepeer&, ceneje<^ jepe kes lelkeeueerve cegKeceb$eer eer
DeMeeske eJneCe, kesvere efJee jepe ceb$eer eer vecees veejeeCe ceerCee leLee kesvere mebeej Deewj DeeF&er
jepe ceb$eer eer meefeve heeeue GheefmLele Les.
The concluding ceremony of the Platinum Jubilee year was held at Vigyan
Bhawan, Delhi. Honble Finance Minister, Shri Pranab Mukherjee, Chief
Minister of Maharashtra, Shri Ashok Chavan, Union Minister of State
for Finance Shri Namo Narain Meena and Union Minister of State for
Communications and IT, Shri Sachin Pilot, graced the occasion.
yeQke keer mesJee kes 75 Je<e& hetCe& nesves kes Gheue#e ceW Ske efJeMes<e mebmcejCeere keJej kees eer meefeve heeeue
kes neLeeW je<^ kees meceefhe&le efkeee ieee.
A special commemorative Cover was released at the hands of Shri Sachin

Pilot on Banks completing 75 years of service to the nation.
osMe kes meYeer efnmmeeW mes DeeS cetueJeeve ieenke Deewj veF& efouueer kes Ge mejkeejer DeefOekeejer keee&ece
ceW GheefmLele Les.
Valued clients from all parts of the country along with top Government
officials from Delhi attended the programme.
ceneje<^ ieeceerCe yeQke (yeQke eje eeeesefpele #es$eere ieeceerCe yeQke) ceW 100 eefleMele meeryeerSme kee
keeee&vJeeve, MeeKeeDeesb, #es$eere keeee&ueeeW leLee kesvere keeee&uee ceW ieenke efoJeme kee Deeeespeve,
veS GlheeoeW / mesJeeDeesb kee MegYeejbYe leLee eeuet Keelee yeele Keelee DeefYeeeveeW Fleeefo kes meceeeej kees
efeb Deewj Fueskeê@efveke ceeref[ee ceW Jeeheke he mes eeeefjle efkeee ieee.
Wide publicity was given in print and electronic media on 100 per cent
CBS achievement of Maharashtra Gramin Bank (Bank sponsored RRB),
observing Customers day at branches, Regional Offices and Central office,
launch of new products/ services and CASA campaigns.
3.12 veeieefjke DeefOekeej he$e
3.12 Citizens Charter
Je<e& 2000-01 mes yeQke ves veeieefjke DeefOekeej he$e mJeerkeej efkeee nw. Fme DeefOekeej he$e ceW ieenkeeW
kes eefle yeQke kes oeefelJeeW Je kele&JeeW kee GuuesKe efkeee ieee nw. DeefOekeej he$e kees yeQke keer meYeer
MeeKeeDeesb Deewj yeQke keer Jesye meeF& hej eoefMe&le efkeee ieee nw. Fmes mecee mecee hej Deeleve efkeee
peelee nw. veeseW Deewj efmekekeesb kees yeoueves kes efueS Yeejleere efj]peJe& yeQke kee veeieefjke DeefOekeej he$e
Yeer yeQke ves mJeerkeej efkeee nw.
4.
The Bank has adopted the Charter since 2000-01, which details the duties
and responsibilities of the Bank towards its customers. The Charter is
displayed at all the branches and at the website and has been updated
from time to time. The Bank has also adopted a Citizen Charter of RBI on
exchange of notes and coins.
meeceeefpeke yeQefkebie
4.
SOCIAL BANKING
4.1 Priority Sector Lending
4.1 eeLeefcekelee #es$e kees GOeej
It has been the constant endeavor of the Bank to facilitate equitable and
sustainable economic development by timely and hassle-free availability
of credit for productive purposes to Small and Marginal Farmers, Micro &
Small Enterprises, Retail Traders, Professional & Self Employed, Women
Entrepreneurs and entrepreneurs from economically weaker sections.
yeQke kee en melele eeeme jne nw efke ueIeg Deewj meerceevle ke=<ekeeW, met#ce SJeb ueIeg GeefceeeW, Hegkej
JeeheeefjeeW, hesMesJejeW Je mJeefveeesefpele JeefeeeW, ceefnuee GeefceeeW leLee DeeefLe&ke he mes kecepeesj
efkevleg GeceMeerue JeefeeeW kees Glheeoke eeespeveeW nsleg mecee hej DeyeeefOele he mes $e+Ce GheueyOe
kejeles ngS meceeve Deewj megefmLej DeeefLe&ke efJekeeme megefveefele efkeee peeS.
eeLeefcekelee #es$e kes Debleie&le ceee& 2011 kees kegue yekeeee Deefiece ` 16,480.04 kejes[ kes Les, pees
efveOee&efjle 40 eefleMele kes vetvelece keer leguevee ceW efheues Je<e& kes meceeeesefpele efveJeue yeQke $e+Ce kes
40.66 eefleMele Les.
The outstanding advances under Priority Sector as of March 2011

aggregated to ` 16,480.04 crore, constituting 40.66 per cent of the Adjusted
Net Bank Credit of previous year against the stipulated minimum target of
40 per cent.
eeLeefcekelee #es$e kes DeefieceeW ceW ceee& 2010 kes mlej hej ` 2,247.78 kejes[ keer JeemleefJeke Je=efOo
ope& keer ieF&.
The rise in Priority Sector Advances was ` 2,247.78 crore over March 2010
in absolute terms.
29

4.2 ke=ef<e
4.2 Agriculture
Je<e& 2010-2011 kes oewjeve ke=ef<e Deewj meneeke ieefleefJeefOeeeW kes efueS yeQke ves ` 2874.28 kejes[
kes $e+Ce efJeleefjle efkeS. 31.03.2011 kees ke=ef<e #es$e kees yekeeee Deefiece ` 4691.17 kejes[ Les,
pees meceeeesefpele efveJeue yeQke $e+Ce kee 11.58 eefleMele efnmmee Les.
The Bank disbursed ` 2874.28 crore for agriculture and allied activities
during the year 2010-11. The outstanding advances to agriculture sector as
of 31.03.2011 were ` 4691.17 crore i.e.11.58 per cent of Adjusted Net Bank
Credit.
ke=ef<e DeefieceeW ceW Je=efOo kejves kes efueS yeQke ves meYeer MeeKeeDeesb kes efueS peeiekelee/ megieener keee&ece
Deeeesefpele efkeS.
The Bank undertook awareness/sensitization programmes for all the

branches for increasing advances to agriculture.
4.2.1 yeQke ves Yeejle mejkeej Deewj ceneje<^ mejkeej keer ke=ef<e $e+Ce jenle Je $e+Ce ceeHeer eespevee kee
meHeueleehetJe&ke keeee&vJeeve efkeee.
4.2.1 The Bank successfully implemented Agriculture Debt Waiver and Debt
Relief Scheme of the Government of India and the Maharashtra state
Government.
Under Government of India Scheme bank has covered 86584 small and
marginal farmers for debt waiver involving ` 219.28 crore and 39320 farmers
for debt relief involving ` 82.01 crore.
Yeejle mejkeej keer eespevee kes Debleie&le yeQke ves kegue 86584 hee$e ueIeg Je meerceevle efkemeeveeW kees
219.28 kejes[ keer $e+Ce ceeHeer Deewj 39320 efkemeeveeW kees ` 82.01 kejes[ keer $e+Ce jenle
eoeve keer.
`
Under Government of Maharashtras Debt Waiver & Debt Relief Scheme

bank has covered 36317 farmers for debt waiver involving ` 36.99 crore and
49353 farmers for debt relief involving ` 98.12 crore.
ceneje<^ mejkeej keer $e+Ce ceeHeer Deewj $e+Ce jenle eespevee kes Debleie&le yeQke ves 36317 efkemeeveeW
kees ` 36.99 kejes[ keer $e+Ce ceeHeer Deewj 49353 efkemeeveeW kees ` 98.12 kejes[ keer $e+Ce jenle
eoeve keer.
4.2.2 Mahabank Kisan Credit Card (MKCC)

This scheme gained popularity especially in rural areas where it is being
propagated successfully and vigorously. The Bank has issued total 281879
Kisan Credit Cards to farmers. Credit flow to MKCC beneficiaries is
` 1493.42 crore as on 31.03.2011.
4.2.2 ceneyeQke efkemeeve esef[ kee[& (Scekesmeermeer)

Fme eespevee kees efJeMes<ekej ieeceerCe #es$eesb ceW ueeskeefeelee neefmeue ngF& nw, peneb Fmekee eeej-emeej
Glmeen Deewj meHeueleehetJe&ke efkeee pee jne nw. yeQke ves efoveebke 31.03.2011 leke efkemeeveeW kees
281879 efkemeeve esef[ kee[& peejer efkeS, efpemeceW ` 1493.42 kejes[ kee $e+Ce eJeen Meeefceue nw.
4.3 Micro, Small and Medium Enterprises (MSMEs)

SMEs are recognized as a major growth engine for the Indian economy. They
generate opportunities for direct and indirect employment by facilitating use
of natural resources and local skills to stem the tide of migration to urban
areas and promote low investment enterprises. Finance is made available
to viable enterprises at an attractive and low rate of interest. On line enquiry
portal is made available on the Banks website during the year.
4.3 met#ce, ueIeg Deewj ceOece Gece (SceSmeSceF&)

met#ce SJeb ceOece GeceeW kees Yeejleere DeLe&JeJemLee kes efJekeeme kee Deieotle ceevee peelee nw. es
Geesie kece efveJesMe Jeeues GeceeW kees eeslmeeefnle kejves Deewj MenjeW keer Deesj eJeeme kees jeskeves kes efueS
mLeeveere keewMeue Deewj eeke=efleke mebmeeOeveeW kee Gheeesie kejles ngS ele#e SJeb Deele#e jespeieej kes
DeJemej hewoe kejles nQ. hee$e GeceeW kees Deeke<e&ke Je kece yeepe oj hej efJee GheueyOe kejeee ieee.
Je<e& kes oewjeve yeQke keer JesyemeeF hej Dee@@ve ueeFve hetlee hees&ue GheueyOe kejeee ieee nw.
The Bank has adopted Simplified Loan Application for MSEs and the same
is displayed on the Banks website. The Bank has also adopted Banks
Code of Commitment to Micro and Small Enterprise and it is displayed on
the Banks website.
yeQke ves SceSmeF& ieenkeeW kes efueS Yeejleere yeQke mebIe eje yeveeS ieS mejueerke=le $e+Ce DeeJesove kees
Deheveeee nw Deewj Fmekees Deheveer Jesye meeF& hej eoefMe&le efkeee nw. yeQke ves met#ce Deewj ess GeceeW kes
eefle yeQkeeW keer eefleyeOolee mebefnlee kees Yeer Deheveeee nw Deewj Gmes yeQke Jesye meeF& hej eoefMe&le efkeee nw.
The Banks lending to Micro, Small and Medium Enterprises which was at
the level of ` 3,699.64 crore as at 31.03.2010, increased to ` 7,037.31 crore
as at 31.03.2011, which translates into a y-o-y growth of 90.22 per cent.
met#ce, ueIeg SJeb ceOece GeceeW kees yeQke keer GOeejer 31.03.2010 kees ` 3,699.64 kejes[ keer Leer,
pees 31 ceee& 2011 kees ye{kej ` 7,037.31 kejes[ keer nes ieF&. Fme ekeej Je<e& oj Je<e& DeeOeej
hej 90.22 eefleMele keer Je=ef ngF&.
4.3.1 Maha-Entrepreneur
Under the scheme, the Bank is providing finance up to ` 100.00 lakh to
Micro and Small Enterprises without Collateral Security and/ or Third Party
Guarantee.
4.3.1 ceneGeceer
Fme eespevee kes Devleie&le met#ce SJeb ueIeg GeceeW kees meneeke eefleYetefle Deewj/ee Deve heeer& keer
ieejver kes efyevee yeQke DeefOekelece ` 100.00 ueeKe kee $e+Ce GheueyOe kejelee nw.
Accounts under the scheme are covered under Credit Guarantee Fund
Scheme for Micro, Small and Medium Enterprises of Government of India.
The Bank is bearing the entire guarantee fee and 50 per cent of annual
service fee, which is to be paid to the Trust under CGFMSE. The Bank
sanctioned loans of ` 311.94 crore to 5495 borrowers under this scheme
up to March 2011. During the year, coverage under Credit Guarantee Fund
Scheme has increased by 66.87 per cent.
Yeejle mejkeej keer met#ce, ueIeg SJeb ceOece GeceeW kes efuees $e+Ce ieebjer efveefOe eespevee kes Devleie&le Fme
eespevee kes KeeleeW kees mebj#ee eehle nw. yeQke, mebhetCe& ieejber Heerme Deewj 50 eefleMele Jeeef<e&ke mesJee Heerme
kee Jenve kejlee nw, efpemekee Yegieleeve meerpeerSHeSceSmeF& kes Debleie&le veeme kees kejvee he[lee nw. ceee&
2011 leke yeQke ves eespevee kes Debleie&le 5495 GOeejkelee&Deesb kees ` 311.94 kejes[ kes $e+Ce cebpetj efkeS.
Je<e& kes oewjeve $e+Ce ieebjer efveefOe eespevee kes Devleie&le keJejspe 66.87 eefleMele mes ye{e.
5.
5.
yeQke keer cenlJehetCe& eespeveeSb/heefjeespeveeSb
IMPORTANT SCHEMES/PROJECTS OF THE BANK
5.1 New initiatives under Retail Loans:
5.1 Hegkej $e+CeeW kes Debleie&le veF& henue
a.
Centralized processing of retail loans.

The Bank has opened 15 Retail Assets Branches and 18 Retail
Processing Centers covering all the Regions for hassle free and quality
disbursement of retail loans.
ke. Hegkej $e+CeeW keer kesverke=le eesmesefmebie

yeQke ves iegCeJeeehetCe& Deewj PebPe cegkele Hegkej $e+Ce efJelejCe kes efueS meYeer #es$eesb ceW 15
Hegkej Deeefmle MeeKeeSb Deewj 18 Hegkej eesmesefmebie ke#e mLeeefhele efkeS.
b.
Ke. ceneyeQke pJesue $e+Ce eespevee
Mahabank Jewel Loan Scheme.

Gold ornaments are the traditional and inherited form of savings
among the people in India. Being one of the most liquid and precious
asset, it serves as a dependable and acceptable form of security
to raise loans for meeting immediate financial needs for business,
agricultural, consumption purposes such as marriage, medical,
educational expenses etc., With a view to meet the requirement of our
customers, Bank has launched a new Retail Loan product Mahabank
Jewel Loan Scheme" w.e.f. 01.11.2010. For senior citizens, loan
against gold ornaments is available at 0.75 per cent less than the
regular interest rate.
Yeejle ceW mJeCe& DeeYet<eCe heeref{]eeW mes yeele kes meeOeve kes he ceW efJeeceeve nw. Ske lejue
Deewj cetueJeeve mebheefe nesves kes keejCe en keejesyeej, ke=ef<e, Meeoer, efeefkelmee, efMe#ee
Fleeefo pewmeer lelkeeue DeeJeMekeleeDeesb keer hetefle& kes efueS $e+Ce uesves nsleg peceevele kes he
ceW Ske efJeMJemeveere Deewj mJeerkeee&eesie mebheefe kee keee& kejleer nw. nceejs ieenkeeW keer
DeeJeMekeleeDeesb keer hetefle& kes efueS yeQke ves efoveebke 01.11.2010 mes ceneyeQke pJesue $e+Ce
eespevee' kes veece mes veee Hegkej $e+Ce Glheeo DeejbYe efkeee. Jeefj<" veeieefjkeeW kes efueS mJeCe&
DeeYet<eCeeW hej $e+Ce efveeefcele yeepe oj mes 0.75 eefleMele kece oj hej GheueyOe nw.
30
ie. ceneyeQke e@he-Dehe $e+Ce eespevee
c.
Mahabank Top-Up Loan Scheme.

In order to extend additional credit support to our regular housing
loan borrowers, Bank has launched another new Retail Loan product
Mahabank Top-Up loan scheme" w.e.f.01.11.2010.
yeQke kes efveeefcele DeeJeeme $e+Cekelee&Deesb kees Deefleefjkele $e+Ce megefJeOee osves kes efueS yeQke ves
efoveebke 01.11.2010 mes ceneyeQke e@he-Dehe $e+Ce eespevee' veeceke veee efjsue $e+Ce Glheeo
DeejbYe efkeee.
5.2 Housing loan to public
5.2 Deece pevelee kees DeeJeeme $e+Ce
The Bank has in place Housing Loan Scheme to meet the needs of all
economic segments including NRIs. Financing housing sector in rural and
urban parts of India is a thrust area.
DeefveJeemeer Yeejleere meefnle meYeer DeeefLe&ke #es$eesb keer DeeJeMekeleeDeesb kees hetje kejves kes efueS yeQke
keer DeeJeeme $e+Ce eespevee nw. Yeejle kes ieeceerCe Deewj Menjer #es$eesb ceW DeeJeeme #es$e kees $e+Ce GheueyOe
kejevee Deleble cenlJehetCe& nw.
The Banks lending to housing sector has grown by 17.99 percent during the
year to reach the level of ` 4,279.68 crore as at 31.03.2011. The Bank is also
implementing Golden Jubilee Rural Housing Scheme of the Government of
India in rural areas having population not exceeding 50,000.
Je<e& kes oewjeve yeQke kes DeeJeeme $e+Ce ceW 17.99 eefleMele keer Je=efOo ngF& Deewj 31.03.2011 kees en
ye{kej ` 4,279.68 kejes[ kes mlej hej hengbe ieee. 50,000 mes kece Deeyeeoer Jeeues ieeceerCe #es$eesb
ceW yeQke Yeejle mejkeej keer mJeCe& peebleer ieeceerCe DeeJeeme eespevee kee keeee&vJeeve kej jne nw.
5.2.1 One per cent Interest Subvention on Housing Loan up to ` 10.00 lakh.
5.2.1 ` 10.00 ueeKe leke kes DeeJeeme $e+CeeW hej 1 eefleMele keer yeepe mejkeejer meneelee.
As per GOI guidelines, Bank has provided 1 per cent interest subvention
to borrowers, who availed housing loans upto ` 10.00 lakhs costing upto
` 20.00 lakhs.
Yeejle mejkeej kes efoMeeefveoxMeeW kes Devegmeej, yeQke ves ` 10.00 ueeKe leke kes DeeJeeme $e+Ce kes
GOeejkelee&Deesb kees 1 eefleMele keer mejkeejer yeepe meneelee kes he ceW ` 20.00 ueeKe leke keer
meneelee oer.
5.3 Model Educational Loan scheme
5.3 DeeoMe& Mew#eefCeke $e+Ce eespevee
With the objective of ensuring that all deserving students get opportunity
to pursue higher education, the Bank implemented a Model Educational
Loan Scheme. As of March 2011, the Bank had lent ` 481.40 crore to
24354 students. The Bank has provided the facility of online submission of
application for education loan through web-access.
en megefveefele kejves kes efueS efke meYeer cesOeeJeer e$eesb kees Ge efMe#ee neefmeue kejves kee DeJemej
eehle nes, yeQke DeeoMe& Mew#eefCeke $e+Ce eespevee kee keeee&vJeeve kej jne nw. ceee& 2011 kees yeQke
kes Mew#eefCeke $e+Ce ` 481.40 kejes[ Les, pees 24354 e$eesb ceW efJeleefjle Les. yeQke ves Jesye Skemesme kes
peefjes Mew#eefCeke $e+Ce kes efueS Dee@@veueeF&ve DeeJesove kejves keer megefJeOee GheueyOe keer nw.
5.3.1 Interest subsidy to Education loan borrowers under Economically Weaker

Sections:
5.3.1 DeeefLe&ke he mes kecepeesj mebJeie& kes GOeejkelee&Deesb kees Mew#eefCeke $e+CeeW ceW yeepe Devegoeve:
yeQke ves Je<e& 2009-10 kes efueS ceelee-efhelee keer Deee ` 4.50 ueeKe eefle Je<e& nesves hej Yeejle mejkeej
keer yeepe Devegoeve eespevee kees ueeiet efkeee. Fme eespevee kes Debleie&le, DeemLeieve DeJeefOe kes oewjeve
ueieeS ieS mebhetCe& yeepe keer eeflehetefle& kesv mejkeej eje keer peeleer nw.
Bank has implemented interest subsidy scheme of Government of India

for the year 2009-10 where the parental annual income is upto ` 4.50 lakh.
Under the scheme, entire interest charged during moratorium period is
reimbursed by the Central Govt.
5.4 met#ce efJee
5.4 Micro Finance
yeQke ves ieeceerCe Deewj Menjer iejeryeeW kees DeeefLe&ke ieefleefJeefOeeeb DeejbYe kejves kes efueS $e+Ce osves kes
keee& kees ncesMee cenlJe efoee nw. ceefnueeDeesb kees meMee yeveeves ceW mJe-meneelee mecetn keeHeer eYeeJeer
efme ngS nQ. yeQke ves mJemeneelee mecetneW kes efJeehees<eCe nsleg Je<e& kes oewjeve n[hemej, hegCes Deewj
ieesjsieebJe, cegbyeF& ceW mJemeneelee mecetn efJeMes<e%e MeeKeeDeesb kee DeejbYe efkeee nw. yeQke ves efJeefYevve mJe
meneelee mecetneW keer iewjhejbhejeiele ieefleefJeefOeeeW kee meefee he mes efJeehees<eCe efkeee nw.
The Bank has always recognized the importance of credit to rural and urban
poor for taking economic activity. The SHGs have proved to be effective
instruments for empowerment of women. Bank has opened specialized
branches for financing SHGs at Hadapsar, Pune and Goregaon, Mumbai
during the year. The Bank has actively financed non-traditional activities of
various Self Help Groups (SHGs).
31.03.2011 kees yeQke eje 84087 mJemeneelee mecetneW kee ie"ve efkeee ieee Lee, efpeveceW mes
81471 mJemeneelee mecetneW ves yeQke mes ` 229.63 kejes[ keer kegue efJeeere meneelee eehle keer Leer,
pees iele Je<e& hej 54 eefleMele keer Je=ef oMee&lee nw.
As on 31.03.2011, there were 84087 SHGs formed by the Bank, out of which
81471 SHGs had availed aggregate financial assistance of ` 229.63 crore
from the Bank constituting a growth of 54 per cent over previous year.
5.5 De.pee./De.pe.pee. ueeYeeefLe&eeW kees meneelee:
5.5 Assistance to SC/ST beneciaries:
yeQke efJeefYevve eespeveeDeesb kes ceeOece mes De.pee./De.pe.pee. ueeYeeefLe&eeW kees meefee he mes efJeeere
meneelee os jne nw. 31.03.11 kees yeQke kes De.pee./De.pe.pee. ueeYeeefLe&eeW kees kegue $e+Ce
` 789.85 kejes[ kes Les, pees 15 eefleMele keer Je=ef oMee&les nQ.
The Bank has been actively extending finance to SC/ST beneficiaries

through various schemes. Total finance as on 31.03.2011 to SC/ST
beneficiaries stood at ` 789.85 crore, constituting a growth of 15 per cent.
5.6 DeuhemebKeke mecegoee kees Deefiece
5.6 Advances to Minority Community:
DeuhemebKeke mecegoee kees $e+Ce kee megiece eJeen megefveefele kejves Deewj Fmekeer hegvejer#ee kejves kes efueS
yeQke kes keWere keeee&uee ceW Ske efJeMes<e ke#e kee ie"ve efkeee ieee nw. ceee& 2011 kees DeuhemebKeke
mecegoee kes yekeeee Deefiece ` 874.53 kejes[ kes Les, pees 57135 ueeYeeefLe&eeW ceW efJeleefjle Les.
A special cell has been set up at Central Office to review & ensure smooth
flow of Credit to minority community. As of March 2011, the outstanding
advances to minority communities were at ` 874.53 crore to 57135
beneficiaries.
5.7 ceneyeQke [eeceb[ eeuet Keelee eespevee
5.7 Mahabank Current Account Diamond Scheme:
eeuet KeeleeW keer Jele&ceeve eespevee heue& Je meHeeej ceW megOeej kej [eeceb[ eespevee kes veece mes
Deefleefjkele cegHele megefJeOeeDeesb kes meeLe Ske veF& eespevee kee MegYeejbYe efoveebke 14 efomebyej, 2010 mes
efkeee ieee.
Existing schemes viz 'Pearl' and 'Sapphire' have been refurbished and
another new Current Account Scheme viz 'Diamond Scheme' with additional
free facilities has been introduced wef 14th December 2010.
5.8 ceneefveefOe eespevee:
5.8 Mahanidhi Scheme:
yeQke keer Hegkej meeJeefOe pecee ye{eves kes efueS efoveebke 26.02.11 kees Ske veF& cene efveefOe pecee
eespevee kee MegYeejbYe efkeee ieee. eespevee kes Debleie&le efoveebke 31.03.2011 leke ` 2,922.68
kejes[ keer pecee kee mebienCe efkeee ieee.
New Maha Nidhi" Deposit scheme was introduced on 26.02.2011 to shore

up retail term deposits of the Bank. Deposits amounting to ` 2,922.68 crore
were mobilized under the scheme till 31.03.2011.
5.9 Jeefj<" veeefiejkeeW kees Deefleefjkele yeepe oj
5.9 Additional rate of Interest to Senior Citizens
efoveebke 10.01.2011 mes kesJeue ` 1.00 kejes[ mes kece jkece nsleg Ske Je<e& Deewj DeefOeke keer
heefjhekeJelee muewye ceW peceejeefMeeeW hej yeepe oj kees 0.50 eefleMele mes ye{ekej 0.75 eefleMele kej
efoee ieee.
Interest rate on deposits in maturity slabs of one year and above has been
increased to 0.75 per cent from 0.50 per cent for an amount less than one
crore only w.e.f 10.01.2011
31

5.10 ceneeslevee keee&ece
5.10 'Maha Chetana' Programme:
yeQke kes Dehesef#ele ue#eeW kees eehle kejves Deewj yeQke kees veF& TbeeFeeW hej ues peeves kes efueS meYeer
kece&eeefjeeW kes meefee meneesie nsleg Ske meMekeleerkejCe keee&ece ceneeslevee keee&ece' Ske
kece&eejer eeslmeenve DeefYeeeve, Dekeletyej 2010 ceW ueeiet efkeee ieee. ceneeslevee keee&ece eej
ecegKe keejesyeejer ceeveob[eW hej DeeOeeefjle Lee-
Maha Chetana Programme, a staff motivation campaign, was launched in

October 2011 as an empowerment programme for the active participation
of all staff members to achieve the desired goals of the Bank and take it to
new heights in coming years. 'Maha Chetana' Programme focused mainly
on 4 key business parameters i.e.
1. Devepe&ke DeeefmleeeW ceW keceer
1.
Reduction in NPA
2. pecee Je=ef kees yeveeS jKevee / eeuet Keelee yeele Keelee peceejeefMeeeW ceW DeefOeke Je=ef kejvee.
2.
Sustaining deposit growth / further increasing CASA deposits
3. DeefieceeW keer iegCeJeee ceW megOeej kejvee.
3.
Increasing quality advances
4. Heerme DeeOeeefjle Deee ceW Je=ef kejvee.
4.
Increasing fee based income
Hon.Chairman & Managing Director visited all the 32 regions & interacted
with all the employees for their active participation in business growth,
NPA recovery etc under the 'Maha Chetana' programme, which was
overwhelmingly received by the staff who vowed for the business
development of the bank.
ceneeslevee keee&ece kes Debleie&le DeeojCeere DeOe#e Je eyebOe efveosMeke ves meYeer 32 #es$eesb kees YeW
oeR leLee meYeer kece&eeefjeeW mes keejesyeej Je=ef, SveheerS Jemetueer Fleeefo ceW Gvekes meefee menYeeie
nsleg hejmhej mebJeeo efkeee, efpemes meHe meomeeW, efpevneWves yeQke kes keejesyeej efJekeeme kes efueS MeheLe
ueeR, mes Yejhetj eeflemeeo efceuee.
6.
6.
efveieefcele meeceeefpeke oeefelJe
6.1 The Rural Development Centres at Hadapsar and Bhigwan in Pune District
of Maharashtra have been undertaking various developmental activities for
the benefit of farmers viz. Lab to Land Project, Re-development of Saline
Soils, Soil Testing and offering advice on the use of fertilizers.
6.1 yeQke ves ceneje<^ kes hegCes efpeues kes n[hemej Deewj efYeieJeCe ceW efmLele ieeceerCe efJekeeme keWesb eje efkemeeveeW
kes ueeYeeLe& 'eeesieMeeuee mes KesleeW leke' heefjeespevee, Keejer efceer kee efJekeeme, efceer keer peebe, GJe&jke kes
Gheeesie hej hejeceMe& Fleeefo pewmeer efJeefYeVe ekeej keer efJekeemeelceke ieefleefJeefOeeeb eueeF& peeleer nQ.
6.2 A Trust viz. Mahabank Agricultural Research and Rural Development

Foundation (MARDEF) established by the Bank undertakes various projects
and village improvement programmes. MARDEF is imparting training to
farmers on various subjects in agriculture, e.g. dairy, Emu farming, goat
rearing, best practices in grape farming, application of fertilizers, agriculture
credit schemes, etc.
6.2 yeQke eje mLeeefhele ceneyeQke ke=ef<e DevegmebOeeve Deewj ieeceerCe efJekeeme HeeGb[sMeve (ceej[sHe) veeceke
veeme efJeefYeVe ekeej kes ieeceerCe megOeej keee&ece Deewj heefjeespeveeSb eueelee nw. ceej[sHe [sDejer,
Fcet heeueve, yekejerheeueve, Debietj keer Kesleer, GJe&jkeeW kee Gheeesie, ke=ef<e $e+Ce eespeveeDeesb keer
peevekeejer Fleeefo pewmes ke=ef<e kes efJeefYeVe efJe<eeeW hej efkemeeveeW kees eefMe#eCe oslee nw.
6.3 yeQke ves ieeceerCe egJeeDeesb leLee ceefnueeDeesb kees ess JeJemeeefeke GeceeW kes ceeOece mes mJejespeieej nsleg
keewMeue Depe&ve kejves nsleg eefMe#eCe osves kes efueS ceneyeQke mJejespeieej eefMe#eCe mebmLeeve (Scemeser)
keer mLeehevee keer nw. mebmLeeve kes hegCes, veeiehegj, Deewjbieeyeeo, DecejeJeleer leLee veeefMeke ceW eefMe#eCe
keW nQ. mebmLeeve ves Deye leke 7117 egJeeDeesb kees eefMe#eCe eoeve kejles ngS 70 eefleMele kee
mLeeefelJe oj neefmeue efkeee.
6.3 The Bank has established Mahabank Self Employment Training Institute
(MSETI) for providing training to rural youth and women to enable them to
acquire skills for self-employment through small business enterprises. The
Institute has centers at Pune, Nagpur, Aurangabad, Amravati and Nasik.
The Institute has so far imparted training to 7117 youths and has achieved
settlement rate of 70 per cent.
6.4 yeQke eje ieef"le ieeceerCe ceefnuee Je yeeue efJekeeme ceb[ue (peerSceJeeryeerJeerSce) Ske iewj mejkeejer
mebie"ve nw. en mebie"ve mJe meneelee mecetneW kes ie"ve, hees<eCe, eefMe#eCe Deewj GvnW $e+Ce mes mebyeOo
kejves kee keee& meefee he mes kej jne nw. ieeceerCe ceefnuee Je yeeue efJekeeme ceb[ue hegCes Menj ceW
''meeefJe$eer'' veeceke ogkeeve kes ceeOece mes mJe meneelee mecetneW eje efveefce&le GlheeoeW kes efJeheCeve ceW
meneesie oslee nw. ceb[ue mJe meneelee mecetneW kees keee ceeue Kejeroves Deewj opexoej Glheeove kes
mebyebOe ceW ceeie&oMe&ve Deewj meneelee eoeve kejlee nw.
6.4 'Gramin Mahila Va Balak Vikas Mandal' (GMVBVM), an NGO formed by

the Bank is actively involved in formation, nurturing, training and ensuring
linkage of SHGs to Bank Credit. The GMVBVM also helps SHGs in
marketing their products through outlets established in Pune City under
the name SAVITRI". The GMVBVM guides and actively helps SHGs for
selection and purchase of raw materials and quality production.
6.5 yeQke ves hegCes, veeefMeke Deewj Deewjbieeyeeo leerve DeieCeer efpeueeW ceW leerve efJeeere mee#ejlee SJeb $e+Ce
mecegheosMeve (SHeSuemeermeer) kesvesb kee MegYeejbYe efkeee nw.
6.5 The Bank has opened three Financial Literacy & Credit Counselling centers
in three Lead Districts namely Pune, Nasik and Aurangabad.
6.6 Je<e& kes oewjeve yeQke ves efJeefYevve iewj mejkeejer mebie"veeW kees Gvekeer ieefleefJeefOeeeW kees eueeves kes efueS
DeeJeMeke Fveheg eehle kejves nsleg efJeeere meneelee keer. Fmeces efvecveefueefKele Meeefceue nw:
i)
hegCes kes Deemeheeme efJekeemeMeerue #es$eesb ceW 3 Je<e& mes kece yeeeW ceW eJeCe mebyebefOele keefceeeW kee
helee ueieeves kes efueS Ske Deeef[ees uee@efpekeue SmesmeceW GhekejCe GheueyOe efkeee ieee.
ii)
ceneje<^ kes efhe[s #es$eesb ceW Deeeesefpele eer Deee eske-Dehe kewche ceW GheeesieeLe& meermeererJeer.
6.6 Bank has helped various NGOs during the year extending financial support
to acquire necessary inputs for carrying their activities. These include the
following:
iii) DeebKeeW keer mepe&jer ceW GheeesieeLe& jsefveue ke@cesje.

iv) ceeveefmeke he mes efJekeueebie SJeb mesjsyeue heeumeer yeeeW keer megefJeOeeLe& YeJeve Je Yeewefleke
megefJeOeeSb.
v)
i)
An Audio logical assessment equipment which helps detection of

hearing related challenges among children below the age of 3 years in
underdeveloped areas around Pune
ii)
CCTV for use in free eye check up camps conducted in backward

areas in Maharashtra
iii)
Retinal camera for use in eye surgeries
iv) Building and physical comforts to mentally retarded and cerebral palsy
children
Meejerefjke he mes efJekeueebie JeefeeeW kees efouueer ceW ceesjeF&p[ Jeenve GheueyOe efkeS ieS.
v)
vi) otjmLe ogie&ce ieebJeeW ceW e@eues kee efvecee&Ce.
7.
CORPORATE SOCIAL RESPONSIBILITY
Motorized vehicles to physically challenged persons in Delhi
vi) Construction of toilets in remote underdeveloped villages.
DeieCeer yeQke eespevee
7.
LEAD BANK SCHEME

The Bank has Lead Bank responsibility in six districts of Maharashtra
State viz. Aurangabad, Jalna, Nasik, Pune, Satara & Thane. Every year
district credit plans for the districts are prepared and implemented with the
cooperation of other banks. The Performance of the Bank during the year in
respect of six lead districts under priority sector lending was 109 per cent of
the targets.
ceneje^ jepe kes n efpeueeW eLee Deewjbieeyeeo, peeuevee, veeefMeke, hegCes, meeleeje Je "eCes ceW DeieCeer
yeQke kee GejoeefelJe yeQke kes heeme nw. nj Je<e& Fve efpeueeW kes efueS $e+Ce eespeveeSb leweej keer peeleer
nQ Deewj Deve yeQkeeW keer meneelee mes FvnW keeee&efvJele efkeee peelee nw. Je<e& kes oewjeve nceejs 6 DeieCeer
efpeuees ceW eeLeefcekelee #es$e GOeejer kes Debleie&le yeQke kee keee& efve<heeove ceee& 2011 kes ue#e keer
leguevee ceW 109 eefleMele jne.
32
jepe mlejere yeQkej meefceefle
State Level Bankers Committee:
yeQke, ceneje^ jepe ceW jepe mlejere yeQkej meefceefle kee mebeespeke nw. jepe mlejere yeQkej meefceefle
kes mecevJeeke kes he ceW yeQke jepe ceW Jeeef<e&ke $e+Ce eespevee, eeLeefcekelee #es$e $e+Ce Deewj jepe
ceW mejkeej eje eeeesefpele eespeveeDeesb kes keeee&vJeeve keer efveiejeveer nsleg efveeefcele he mes efleceener
yew"keeW kee Deeeespeve kejlee nw. Je<e& kes oewjeve jepe mlejere yeQkej meefceefle keer eej yew"keW ngF.
The Bank is the Convener of State Level Bankers Committee (SLBC) for
the State of Maharashtra. Quarterly meetings are held regularly to oversee
the implementation of State Annual Credit Plans, priority sector lending and
Govt. sponsored schemes in the State. During the year four SLBC meetings
were held.
2000 mes DeefOeke Deeyeeoer Jeeues yeQefkebie megefJeOee mes Jebefele 4292 ieebJeeW ceW yeQefkebie mesJeeSb GheueyOe
kejeves nsleg ieebJeeW kes DeefYeefveOee&jCe kes keee& ceW lespeer ueeves kes efueS jepe efJeefMe efJeeere meceeJesMeve
eespevee (mJeeefYeceeve) leweej keer ieF&. 31 ceee& 2011 leke yeQkeeW ves jepe ceW F&b meercesv mes yeveer
MeeKeeDeesb, ceesyeeF&ue Jewve leLee keejesyeej eefleefveefOeeeW kes cee@[ue kes ceeOece mes MeeKee jefnle yeQefkebie
megefJeOee osves kes efueS 1692 yeQefkebie megefJeOee mes Jebefele ieebJeeW ceW yeQefkeie kesv Keesues.
As an SLBC convener, state specific financial inclusion Plan (Swabhiman)

was drawn for 4292 unbanked villages having population over 2000 in the
state for extending banking services to unbanked habitations. The banks in
the state have opened banking outlets in 1692 unbanked villages through
brick & mortar branches, mobile van and Business correspondents model
for extending branchless banking as of 31.03.2011.
DeeOeej - Yeejleere efJeefMe< heneeve eeefOekejCe kes efueS jefpemêj
Registrar for issue of Aadhaar- UIDAI
yeQke ves DeeOeej (Yeejleere efveJeeefmeeeW kes efueS efJeefMe< heneeve eceebke) kes Debleie&le hebpeereve kejves kes efueS
Yeejleere efJeefMe< heneeve eeefOekejCe kes meeLe ie"yebOeve efkeee nw Deewj jefpemêj yeve ieee nw.
The Bank has entered into MoU with Unique Identification authority of India
(UIDAI) for enrolment of Aadhaar (Unique identification number to residents
of India) and became a Registrar.
ie"yebOeve hej nmlee#ej kes meeLe yeQke Yeejle mejkeej kes eje ieef"le, Yeejleere efJeefMe< heneeve
eeefOekejCe kes Yeejleere efveJeeefmeeeW kes efueS efJeefMe< heneeve eceebke peejer kejves kes eeemeeW ceW
meePesoej yeve ieee nw.
With the signing of the MoU, the Bank became a partner in the efforts of the
UIDAI set up by Government of India, for issuing Unique Identity Numbers
to residents of India.
yeQke ves eeeesefieke leewj hej Deheves JeOee&heve efove efoveebke 08 HejJejer 2011 mes yeQke kes kece&eeefjeeW
Deewj ieenkeeW kees efJeefMe< heneeve eceebke peejer kejves kes efueS hegCes Deewj cegbyeF& ceW veeceebkeve eefeee
kee MegYeejbYe efkeee Deewj 31.03.2011 leke 13,000 hebpeereve efkeS.
Bank has commenced the enrolment process on pilot basis at Pune &
Mumbai for issuance of unique identification number (Aadhaar) for its staff
and customers on 8th Feb 2011 (Anniversary day) and completed 13000
enrolments as on 31.03.2011.
efJeeere meceeJesMeve eespevee - mJeeefYeceeve
Financial Inclusion plan 'Swabhiman'
mJeeefYeceeve Yeejle mejkeej eje keer ieF& Ske GuuesKeveere henue nw efpemekee GsMe Menjer Deewj
ieeceerCe FueekeeW kes ceOe DeeefLe&ke otjer kees kece kejvee nw. efJeeere meceeJesMeve eespevee ceW Dehes#ee nw
efke 2,000 keer Deeyeeoer Jeeues osMe kes meYeer yeQefkebie megefJeOee mes Jebefele ieebJeeW ceW cetue yeQefkebie mesJeeSb
GheueyOe keer peeSb. leovegmeej nceejs yeQke kees efJeeere meceeJesMeve kes Debleie&le meceeJesMeer Je=ef kes efueS
yeQefkebie megefJeOee mes Jebefele 1215 ieebJeeW kee Deeyebve efkeee ieee nw.
'Swabhiman' is path-breaking initiative by Government of India to cover the

economic distance between rural and urban India. It promises to bring basic
banking services to all unbanked villages in the country with population
above 2000. Accordingly, our bank has been allotted 1215 unbanked
villages in the country to be covered under financial inclusion for inclusive
growth.
mJeeefYeceeve DeefYeeeve yeQke Keelee Keesueves kees megiece yeveelee nw, DeeJeMekelee DeeOeeefjle $e+Ce
megefJeOeeSb, Oeve es<eCe megefJeOeeSb GheueyOe kejlee nw Deewj keejesyeej eefleefveefOe/ieenke mesJee eefleefveefOe
cee@[ue kes ceeOece mes MeeKee jefnle cee@[ue meefnle lekeveerke Deewj efJeefYevve cee@[ueeW kee Gheeesie kej
ieeceerCe Yeejle ceW efJeeere mee#ejlee ueeves ceW meneelee kejlee nw.
The swabhiman movement facilitates opening of bank accounts, provide

need based credit, remittance facilities and help to promote financial literacy
in rural India using various models and technologies including branchless
models through Business correspondent (BC)/ Customer Service Provider
(CSPs) models.
yeQke, 1215 yeQefkebie megefJeOee mes Jebefele Deeyebefle ieebJeeW ceW MeeKee jefnle yeQefkebie megefJeOee GheueyOe
kejves nsleg DeeF&er me#ece efJeeere meceeJesMeve eespevee ueeiet kej jne nw. 31.03.2011 kees yeQke ves
keejesyeej eefleefveefOe cee@[ue kes ceeOece mes 484 ieebJeeW ceW mesJee GheueyOe keer Deewj efJeeere meceeJesMeve
ieebJeeW DeLee&le ceneje<^ kes ebhegj Deewj "eCes efpeues kes eceMe: pejer-peceeveer Deewj DeemeveieebJe ceW 2
MeeKeeSb Keesueer.
8.
Bank has been implementing IT enabled financial inclusion for providing

branchless banking in allotted 1215 unbanked villages. As on 31.03.2011,
bank has covered 484 villages through BC model and opened two branches
at financial inclusion villages i.e., Zari-Jamani and Asangon in Chandrapur
and Thane districts of Maharashtra respectively.
meneeke kebheefveeeb / mebege Gece Deewj eeeesefpele mebmLeeSb
8.
8.1 #es$eere ieeceerCe yeQke kee keee& efve<heeove
SUBSIDIARIES/JOINT VENTURES AND SPONSORED INSTITUTIONS
8.1 Performance of Regional Rural Bank
ceneje<^ ieeceerCe yeQke Ske #es$eere ieeceerCe yeQke nw, efpemekee eeeespeve nceejs yeQke ves efkeee nw Deewj
efpemekee cegKeeuee veebos[, ceneje<^ jepe ceW nw. yeQke keer kegue MeeKeeSb 31.03.2011 kees 329
LeeR pees ceneje<^ jepe kes 33 efpeueeW ceW mes 16 efpeueeW ceW efmLele LeeR.
Maharashtra Gramin Bank (MGB) is a Regional Rural Bank sponsored by

our bank having its Head Office at Nanded, Maharashtra state. Total no of
branches as on 31.03.2011 stood at 329 covering 16 out of 33 districts of
Maharashtra state.
ceneje<^ ieeceerCe yeQke ves Deheveer meYeer 329 MeeKeeDeesb kees 77 efoveeW kes efjkee@[& mecee ceW meeryeerSme
huewHee@ce& hej Debleefjle efkeee.
MGB has migrated all its 329 branches to CBS platform within a record time
period of 77 days.
Je<e& 2010-2011 kes oewjeve Yeejle mejkeej keer veerefle kes Deveghe ceneje<^ ieeceerCe yeQke kees
meYeer efnleOeejkeeW eLee Yeejle mejkeej, yeQke Dee@@He ceneje<^ Deewj ceneje<^ mejkeej mes Gvekes
MesejOeejCe Devegheele 50:35:15 kes Devegheele ceW hetbpeer mes peesefKece Deeefmle Devegheele ceW megOeej kejves
nsleg hegvehetpeerkejCe meceLe&ve kes efueS ` 45.34 kejes[ eehle ngS.
During the year 2010-11, as per GOI policy, MGB has received
recapitalization support of ` 45.34 crore for improving Capital to Risk
Asset Ratio (CRAR) from all stake holders i.e. Government of India, Bank
of Maharashtra and Government of Maharashtra in the proportion of their
share holding of 50:35:15 respectively.
8.2 efo ceneje^ Sefke]pekeetj SC[ ^mer kebheveer ee.efue. (ceskees)
8.2 The Maharashtra Executor & Trustee Company Pvt. Ltd. (METCO)
yeQefkebie keer meneeke mesJeeSb GheueyOe kejeves kes efueS Je<e& 1946 ceW efo ceneje^ Sefke]pekeetj SC[
^mer kebheveer ee.efue. (ceskees) mLeeefhele keer ieF&. es mesJeeSb nQ :
The Maharashtra Executor & Trustee Co. Pvt. Ltd (METCO) was established
in 1946 with an aim to provide services auxiliary to banking such as
JemeereleeW kee cemeewoe leweej kejvee Deewj efve<heeove kejvee
Drafting & Execution of will
efvepeer veemeeW kee eyebOeve
Management of private trusts
meeJe&peefveke Oecee&Le& veemeeW kee eyebOeve
Management of public charitable trusts
33
Sveer& kes he ceW efveJesMeeW SJeb DeeJeeme mebheefeeeW kee eyebOeve
Management of investments & house properties as attorney
DeJeemke keer mebheefe keer mebj#ekelee
Guardianship of minors property
mebheefe keer Kejeroer / efyeeer kes efueS hejeceMe& osvee
Consultation for sale/purchase of property
JeefeeeW kes efueS Deee-kej efJeJejCeer oeefKeue kejvee
Filing of I-Tax Returns for individuals
kebheveer keer hegCes, cegbyeF&, "eCes Deewj veeiehegj ceW Deheveer FkeeF&eeb nQ.
The Company has its units at Pune, Mumbai, Thane and Nagpur.
Je<e& 2010-11 kes oewjeve kebheveer kes ieenke DeeOeej ceW 24 veS veeme peg[s, heefjCeecemJehe kebheveer eje
eyebefOele efvepeer Deewj meeJe&peefveke veemeeW keer mebKee 1002 nes ieF&. Je<e& kes oewjeve peg[er veF& JemeereleeW keer
mebKee 46 jner, Fme ekeej kebheveer keer DeefYej#ee Deewj efve<heeove ceW JemeereleeW keer kegue mebKee 1063 nes ieF& nw.
During 2010-11, new assignments for Management of Trusts received were

24, bringing the total number of Public & Private Trusts under management
to 1002. New Wills added during the year were 46 bringing the total number
of Wills in custody and execution to 1063.
kebheveer eje Jele&ceeve ceW 120 eue SJeb Deeue oesveeW mebheefeeeW kee eyebOeve cegKleejveeces kes Debleie&le efkeee pee
jne nw. efJeJeeefnle ceefnuee mebheefe DeefOeefveece kes Debleie&le kebheveer 147 heeefueefmeeeW kes mebyebOe ceW veemeer kee
keee& kejleer nw Deewj 10 ceeceueeW ceW veeeeuee ves DeJeemke keer mebheefe kee mebj#eke kebheveer kees yeveeee nw.
9.
The Company manages properties both movable and immovable of 120

clients under the Power of Attorney. The Company also acts as the Trustees
in respect of 147 policies under Married Womens Property Act and acts as
Court appointed Guardian of minors property in 10 cases.
jepeYee<ee veerefle kee keeee&vJeeve

jepeYee<ee kee eieeceer eeesie
9.
Je<e& 2010-11 kes oewjeve jepeYee<ee keeee&vJeeve kes #es$e ceW yeQke eje Deveske GheueefyOeeeb neefmeue
keer ieF :
IMPLEMENTATION OF OFFICIAL LANGUAGE POLICY

Progressive use of Official Language.
During the year 2010-11, the Bank has made various remarkable
achievements in the field of Official Language Implementation.
Yeejleere efj]peJe& yeQke keer efYee<eer ie=n heef$ekee eefleeesefielee kes Debleie&le nceejs yeQke keer ie=n
heef$ekee 'ceneyeQke eieefle' kees 2008-09 nsleg efleere eceebke kee hegjmkeej eehle ngDee. efoveebke
26 ceF&, 2010 kees cegbyeF& ceW Deeeesefpele keee&ece ceW nceejs yeQke kes lelkeeueerve DeOe#e Je
eyebOe efveosMeke ves en hegjmkeej ienCe efkeee.
nceejs yeQke eje mebeesefpele cegbyeF& vejekeeme kees yesnlej mebeespeve nsleg Fbefoje ieebOeer jepeYee<ee
hegjmkeej mes mecceeefvele efkeee ieee. en hegjmkeej cegbyeF& vejekeeme kes DeOe#e Je cegbyeF& #es$e
kes lelkeeueerve ceneeyebOeke eer Jeer. keCCeve ves efoveebke 14 efmelebyej, 2010 kees veF& efouueer ceW
ceeveveere Ghe je<^heefle kes kej keceueeW mes ienCe efkeee.
Our former Chairman & Managing Director received the 2nd prize
won by the Bank in 'Reserve Bank of India Bilingual House Magazine
competition for the year 2008-09' at a function held at Mumbai on 26th
May, 2010.
TOLIC, Mumbai convened by our Bank has received Indira Gandhi

Rajbhasha shield. The prize was received by the then General Manager
Shri V. Kannan at the hands of Honorable Vice President of India on
14th September, 2010 at New Delhi.
The Bank also secured 4th place in 'Reserve Bank of India Bilingual
House Magazine Competition for the year 2009-10'.
Our Regional office, Raipur was awarded 3rd prize for better use of
Hindi by the TOLIC, Raipur.
Yeejleere efj]peJe& yeQke efYee<eer ie=nheef$ekee eefleeesefielee 2009-10 kes Debleie&le nceejs yeQke kees
elegLe& hegjmkeej Ieesef<ele efkeee ieee nw.
nceejs jeehegj #es$eere keeee&uee kees yesnlej jepeYee<ee keeee&vJeeve nsleg veiej jepeYee<ee
keeee&vJeeve meefceefle, jeehegj eje le=leere hegjmkeej eoeve efkeee ieee nw.
yeQke hegCes, cegbyeF& Deewj meesueehegj ceW veiej jepeYee<ee keeee&vJeeve meefceefle kee mebeespeke nw. Je<e&
kes oewjeve Fve meYeer meefceefleeeW keer yew"keW efveeefcele he mes Deeeesefpele keer ieF&b. yeQke jepe
mlejere yeQkej meefceefle jepeYee<ee kee Yeer mebeespeke nw. Fme Je<e& Fme meefceefle keer yew"ke 8
ceee&, 2011 kees mebheVe ngF&.
The Bank is the Convener for Town Official Language Implementation

Committee (TOLIC) in Pune, Mumbai and Solapur. Meetings of these
committees were held regularly. The Bank is also a Convener of State Level
Bankers Committee (Rajbhasha). Meeting of the committee for this year
was held on 8 March, 2011.
10. efveosMekeeW keer efpeccesoejer kee keLeve
10. DIRECTORS RESPONSIBILITY STATEMENT
efveosMeke hegef kejles nQ efke efoveebke 31.03.2011 kees meceehle Je<e& kes efueS Jeeef<e&ke Keeles leweej
kejles mecee :
eefo keesF& cenlJehetCe& efJeeueve ngDee nw lees Gmekee Gefele mheerkejCe osves kes meeLe Yeejleere
meveoer uesKeekeej mebmLeeve kes ueeiet uesKee ceevekeeW kee heeueve efkeee ieee.
Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej uesKee veerefleeeb leweej keer ieF& Deewj Gvekees
melele DeeOeej hej ueeiet efkeee ieee. eefo keesF& heefjJele&ve efkeS ieS lees Gvekee Gefele ekeve
efkeee ieee nw.
efJeeere Je<e& kes Deble ceW yeQke kes keee&keueeheeW Deewj ueeYe keer mener Deewj mele efmLeefle oMee&ves
kes efueS Gefele Deewj efJeJeskehetCe& efveCe&e efueS ieS Deewj Devegceeve ueieeS ieS.
Yeejle ceW yeQkeeW kees Meeefmele kejves Jeeues ueeiet keevetveeW kes eeJeOeeveeW kes Devegmeej heee&hle uesKee
DeefYeuesKe jKeves kes efueS Gefele Deewj heee&hle meeJeOeeveer yejleer ieF&; Deewj
melele DeeOeej hej uesKes leweej efkeS ieS.
The Directors confirm that in the preparation of the annual accounts for the
year ended 31.03.2011:
The applicable accounting standards of the Institute of Chartered

Accountants of India, have been followed along with proper explanation
relating to material departures, if any;
The accounting policies framed in accordance with the guidelines of the

Reserve Bank of India, are consistently applied and proper disclosures
are made for changes, if any;
Reasonable and prudent judgment and estimates were made so as to

give a true and fair view of the state of affairs of the Bank at the end of
the financial year and the profit of the Bank for the year.
Proper and sufficient care was taken for maintenance of adequate

accounting records in accordance with the provisions of applicable
laws governing banks, in India; and
The accounts have been prepared on a going concern basis.
11. CHANGES IN THE BOARD OF DIRECTORS
11. efveosMeke ceb[ue ceW heefjJele&ve

Je<e& 2010-11 kes oewjeve efveosMeke ceb[ue ceW efvecveefueefKele heefjJele&ve ngS:
During the year 2010-11, the following changes took place in the Board of
Directors:
eer efMejer<e [er. Oeveke kees 21.07.2010 mes kece&keej kece&eejer efveosMeke kes he ceW efveege efkeee
ieee.
Shri Shirish D. Dhanak was appointed as Workmen Employee Director w.e.f

21st July, 2010.
eer Sme. kes. ieesefieee, Yeejleere efj]peJe& yeQke kes eefleefveefOe efveosMeke, efoveebke 29.07.2010 mes
efveosMeke heo hej veneR jns.
Shri S.K.Gogia, RBI Nominee director, ceased to be the Director w.e.f 29th
July 2010.
34
megeer keceuee jepeve kees 30.07.2010 mes Yeejleere efj]peJe& yeQke kes eefleefveefOe efveosMeke kes he ceW
efveegkele efkeee ieee nw.
Mrs. Kamala Rajan was appointed as RBI nominee director from 30th July,
2010.
Shri Allen C.A. Pereira, CMD, demitted office on 30th September 2010 on
reaching superannuation.
eer Deuesve meer. S. efhejsje, DeOe#e Je eyebOe efveosMeke, efoveebke 30 efmelebyej, 2010 kees mesJeeefveJe=e
ngS.
Shri A.S. Bhattacharya was appointed as Chairman and Managing Director

w.e.f 1st October, 2010.
eer S. Sme. Yeeeee& kees efoveebke 01.10.2010 mes yeQke kes DeOe#e Je eyebOe efveosMeke kes he ceW
efveege efkeee ieee nw.
Shri. T.Parameswara Rao, ceased to be the Director w.e.f 12th November

2010.
eer er. hejcesej jeJe efoveebke 12.11.2010 mes efveosMeke heo hej veneR jns.
Shri Chittaranjan Patwari ceased to be the Director w.e.f. 22nd January

2011.
eer efelejbpeve heJeejer efoveebke 22.01.2011 mes efveosMeke heo hej veneR jns.
Shri Anand K Pandit and Dr. Dinesh Shatilal Patel, were re-elected as
directors representing Share holders w.e.f 1st February, 2011
eer Deevebo keceueveeve hebef[le leLee [e@. efovesMe Meebefleueeue hesue efoveebke 01.02.2011 mes Deve
MesejOeejkeeW eje efveosMeke kes he ceW hegve:efveJee&efele ngS.
The Board of Directors place on record their sincere appreciation for the
valuable contribution made by the former Chairman & Managing Director,
Shri Allen C.A. Pereira and other outgoing Directors.
efveosMeke ceb[ue lelkeeueerve DeOe#e Je eyebOe efveosMeke, eer Deuesve meer. S. efhejsje leLee Deve efveiee&ceer
efveosMekeeW eje efoS ieS cetueJeeve meneesie keer mejenvee kejlee nw.
12. DeeYeej
12. ACKNOWLEDGMENTS
The Board of Directors wishes to express sincere thanks to the Government
of India, the Reserve Bank of India, the Securities and Exchange Board
of India, Insurance Regulatory and Development Authority, Indian Banks
Association and Stock Exchanges for their valuable advice and support; to
the customers and shareholders for their patronage; to the correspondents
and associates for their co-operation and to all the members of staff of
Mahabank Family" for their unstinted commitment and contribution to the
overall development of the Bank.
yeQke kes meJeeieerCe efJekeeme nsleg Yeejle mejkeej, Yeejleere efj]peJe& yeQke, Yeejleere eefleYetefle Deewj
SkemeeWpe yees[&, yeercee efJeefveeeceke Deewj efJekeeme eeefOekejCe, Yeejleere yeQke mebIe leLee me@ke
SkemeeWpeeW mes eehle cetueJeeve ceeie&oMe&ve SJeb meceLe&ve kes efueS leLee ieenkeeW Je Mesej OeejkeeW eje
efoS ieS eee, eefleefveefOeeeW Deewj meneesefieeeW eje efoS ieS meneesie Deewj 'ceneyeQke heefjJeej' kes
meYeer yeQke kece&eeefjeeW keer meceefhe&le eefleyeOolee Deewj eesieoeve kes eefle efveosMeke ceb[ue ke=le%eleehetJe&ke
DeeYeej Jee kejlee nw.
efveosMeke ceC[ue kes efueS Deewj Gmekeer Deesj mes
For and on behalf of the Board of Directors
hegCes
(Devethe Mebkej Yeddeeee&)
Pune
Deewue 30, 2011
April 30, 2011
35
(Anup S. Bhattacharya)
Chairman and Managing Director

efJe%eeve YeJeve veF& efouueer ceW efoveebke 16-09-2010 kees Deeeesefpele
huesefvece pegefyeueer Je<e& kee meceeheve meceejesn

Platinum Jubilee Year Concluding Function
at Vigyan Bhavan, New Delhi on 16-09-2010
efJee ceb$eer eer eCeJe cegKepeea efoveebke 16 efmelebyej 2010 kees efJe%eeve YeJeve, veF& efouueer ceW yeQke kes huesefvece pegefyeueer meceeheve meceejesn kee GodIeeve kejles ngS.
The Union Finance Minister Shri Pranab Mukherjee inaugurating Bank's Platinum Jubilee Concluding Ceremony at Vighyan Bhawan,
New Delhi on 16th September, 2010
yeQke kes huesefvece pegefyeueer meceeheve meceejesn ceW GheefmLele eenke, efveosMeke, Yeejleere efj]peJe& yeQke, mejkeejer DeefOekeejer, Deve yeQkeeW kes DeOe#e SJeb efJeefYeVe ieCeceeve Jeefkele.
The Platinum Jubilee Concluding Ceremony was attended by customers, patrons, Directors, RBI Govt. ofcials, other Bank's chairman
and various dignitaries.
36
cegbyeF& ceW Yeejlejlve [e@. yeeyeemeensye Deebyes[kej kee 54 Jeeb ceneHeefjefveJee&Ce efoJeme
ceveeee ieee. DeOe#e Je HeyebOe efveosMeke eer S. Sme. Yeeeee& ves Fme DeJemej Hej
megefJeOeeDeeW mes Jebefele yeeeW kees msMevejer eqke kee efJelejCe efkeee.
54th Mahaparinirvan Din of Bharat Ratna Dr. Baba Saheb Ambedkar
was celebrated at Mumbai. Chairman and Managing Director,
Shri A.S. Bhattacharya distributing 'Stationery Kit' to under-priviliged
children on the occasion.
Dee@ef[Dees uee@efpekeue DemesmeceW GHekejCe Ske ceMeerve nw pees efoS ieS mebkesleeW Hej Heefleefeee ve
osves Jeeues yeeebs keer eJeCe #ecelee kee cetueebkeve kejleer nw. cetke SJeb yeefOej JeefeeeW kes
HegveJee&me nsleg keee&jle HegCes efmLele iewj mejkeejer mebie"ve keeseefueee kees yeQke odJeeje en
GHekejCe efoveebke 08.09.2010 kees oeve efoee ieee.
keesLe[, hegCes eqmLele mketue ceW Deheves efMe#ekeeW kes meeLe Kesueles ngS ceeveefmeke he mes De#ece
Deewj he#eeIeele mes heeref[le yees] yeQke ves ceeflecebo Deewj he#eeIeele mes heeref[le yeeeW kes efueS mketue
eueeves Jeeues iewj mejkeejer mebie"ve (meeJeueer) kees Gvekes mketue YeJeve nsleg efoveebke 12.08.2010
kees oeve efkeee.
Audio logical assessment equipment is a machine used to assess the

hearing ability of children who cannot respond to the signal input given. Bank
donated this equipment to Cochlea, Pune, an NGO working for rehabilitation
of the hearing and speech impaired, on 8.09.2010
Mentally Challenged and Cerebral Palsy affected children playing with

the help of their teachers at a school in Kothrud, Pune. Bank donated to
Savali, an NGO which runs the school and working for children suffering
from Mentally Retardness and Cerebral Palsy on 12.08.2010 for their school
building.
yeQke kees Gmekeer efYeeef<eke ie=nHeef$ekee ceneyeQke Heieefle nsleg jepeYee<ee Meeru[ Heoeve keer ieF&.
lelkeeueerve DeOe#e Je HeyebOe efveosMeke eer Deuesve meer.S.efHejsje 26.05.2011 kees Yeejleere efjpeJe&
yeQke kes ieJeve&j eer [er megyyeejeJe kes kejkeceueeW mes jepeYee<ee Meeru[ HeeHle kejles ngS. meeLe ner
cegKe ceneHeyebOeke eer Depee yevepeea, leLee cegKe HeyebOeke (jepeYee<ee) eer n<e&keeble Mecee& Yeer
efoKeeF& os jns nw.
Bank is awarded Rajbhasa shield for its bilingual house magazine,
Mahabank Pragati. Former CMD, Shri Allen C. A. Pereira receiving shield for
the Bank from RBI from RBI Governor, Shri D. Subba Rao on 26.05.2010.
Chief General Manager, Shri. Ajay Banerjee and Chief Manager, Raj Bhasha,
Shri Harshkant Sharma were also present.
37

REPORT OF THE BOARD OF DIRECTORS ON CORPORATE
GOVERNANCE FOR THE YEAR 2010-11
Je<e& 2010-11 efueS keeheexjs ieJevexvme hej

efveosMeke ceb[ue keer efjhees&
1.
keeheexjs ieJevexvme hej yeQke kee oMe&ve:
2.
1.
Banks philosophy on Corporate Governance:
yeQke Dee@@He ceneje^ keeheexjs ieJevexvme keer mebkeuhevee Je cenlJe kees ceevelee oslee nw Deewj ve kesJeue
mebJewOeeefveke DeeJeMekeleeDeesb kee heeueve kejlee nw, Deefheleg mJewefke he mes meg{ keeheexjs
ieJevexvme eLeeDeesb kees leweej kej Gvekee heeueve kejlee nw. MesejOeejkeeW, ieenkeeW, mejkeej Deewj
meceie he mes meceepe meefnle meYeer efnleOeejkeeW kes efnleeW keer j#ee kes efueS yeQke ncesMee Yejhetj
eeeme kejlee nw. keeheexjs ieJevexvme hej yeQke kee oMe&ve nw efke meYeer mlejeW hej heejoefMe&lee,
efpeccesoejer Deewj veeemebielelee kes Glke= ceevekeeW kees mLeeefhele kejvee Deewj JeJemeeefekelee,
meeceeefpeke keeees kes eefle eeflemeeo, "esme Jeeheeefjke eLeeSb Deewj heefjeeueveiele kegMeuelee eje
iegCeJeee kees DeefOekelece yeveevee megefveefele kejvee. Ge keee& MesejOeejkeeW kes Oeve kees DeefOekelece
kejves Deewj efnleOeejkeeW kes efnleeW keer j#ee kejves nsleg yeQke kees keejesyeej kes Ge ceeveke yeveeS
jKeves ceW me#ece yeveeles nQ.
Bank of Maharashtra recognizes the principles and importance of Corporate

Governance and has been complying with not only the statutory
requirements, but also has voluntarily formulated and adhered to a set of
strong Corporate Governance practices. The Bank has always strived hard
to best serve the interest of all its stakeholders including shareholders,
customers, Government and society at large. The Banks philosophy on
Corporate Governance is to bestow high standard of transparency, fairness
and accountability for performance at all levels and to ensure and achieve
excellence through professionalism, social responsiveness, sound
business practices and optimum efficiency. This in turn enables the Bank
to maintain a high level of business ethics to maximize the shareholders
value and to protect their interest.
yeQke Ske meteerye efvekeee nw pees Ske kebheveer veneR Deefheleg yeQefkebie kebheveerpe (GheeceeW kee DeefOeienCe
Deewj DeblejCe) DeefOeefveece 1970 kes DeOeerve efveieefcele efvekeee nw leLee en Yeejleere efj]peJe& yeQke
eje DeefOeMeeefmele neslee nw. Dele: yeQke me@ke SkemeeWpeeW kes meeLe efkeS meteerye kejej kes
mebMeesefOele Keb[ 49 kes eeJeOeeveeW kee Devegheeueve Gme meercee leke kejsiee peneb leke Jes yeQefkebie kebheveerpe
(GheeceeW kee DeefOeienCe Deewj DeblejCe) DeefOeefveece 1970 kes eeJeOeeveeW leLee Fme mebyebOe ceW
Yeejleere efj]peJe& yeQke eje peejer efoMeeefveoxMeeW kee GuuebIeve veneR kejles nQ.
The Bank is a listed entity, which is not a company but body corporate
under the Banking Companies (Acquisition and Transfer of Undertakings)
Act, 1970 and is regulated by Reserve Bank of India. Therefore, the Bank
shall comply with the provisions of Revised Clause 49 of the Listing
Agreement entered into with Stock Exchanges to the extent it does not
violate the provisions of the Banking Companies (Acquisition and Transfer
of Undertakings) Act, 1970 and the guidelines issued by Reserve Bank of
India in this regard.
efveosMeke ceb[ue:
2.
Board of Directors:
2.1 efveosMeke ceb[ue kee mebefcee yeQefkebie kebheveerpe (GheeceeW kee DeefOeienCe Deewj DeblejCe) DeefOeefveece
1970, yeQefkebie efJeefveeceve DeefOeefveece 1949 Deewj jeêreke=le yeQke (eyebOeve Deewj efJeefJeOe eeJeOeeve)
eespevee 1970 kes eeJeOeeveeW kes Devegmeej Meeefmele neslee nw.
2.1
The composition of the Board is governed by the provisions of the Banking

Companies (Acquisition and Transfer of Undertakings) Act, 1970, Banking
Regulation Act, 1949 and Nationalized Banks (Management and
Miscellaneous Provisions) Scheme, 1970.
2.2 yeQefkebie kebheveerpe (GheeceeW kee DeefOeienCe Deewj DeblejCe) DeefOeefveece 1970 keer Oeeje 7(2) keer
Melees kes Devegmeej yeQke kes keejesyeej kes meeceeve hee&Jes#eCe, efveosMeve Deewj eyebOeve kee DeefOekeej
efveosMeke ceb[ue kes heeme neslee nw. efveosMeke ceb[ue kes GejoeefelJe ceW Meeefceue nw - veerefleeeb
leweej kejvee, veF& henue kejvee, keee& efve<heeove keer meceer#ee kejvee Deewj yeQke eje efkeS ieS
efJeefveeeceke Je meebefJeefOeke Devegheeueve kee hee&Jes#eCe kejvee, yeQke kes efJeefYeVe eeefOekeeefjeeW kees
eleeeesefpele DeefOekeejeW kee eleeeespeve kejvee Deewj yeQke kes efJeefYeVe keee&cetueke eeefOekeeefjeeW
kees eleeeesefpele DeefOekeejeW kes yeenj oer ieF& efJeeere cebpetefjeeW kee Devegceesove kej meceie
hee&Jes#eCe kejvee.
2.2
In terms of section 7(2) of the Banking Companies (Acquisition and

Transfer of Undertakings) Act 1970, the general superintendence, direction
and management of the business of the Bank vest with the Board of
Directors. The responsibilities of the Board include formulation of policies,
new initiatives, performance review, supervision over Regulatory and
Statutory compliances by the Bank, delegating financial powers to various
functionaries and exercising overall supervision, according financial
sanctions beyond the powers delegated to various functional authorities of
the Bank.
The composition of Board of Directors of the Bank as on 31st March, 2011
is as under:
31 ceee& 2011 kees yeQke kes efveosMeke ceb[ue keer mebjevee efvecveevegmeej Leer:
De.e.
Sr.
No.
veece
Name
Oeeefjle heo
Position held
31.03.2011 kees yeQke keer Ghe- yeQke mes Deefleefje

Deve kebheefveeeW kes
Oeeefjle yeQke kes meefceefleeeW keer Deve kebheefveeeW ceW efveosMeke ceb[ueeW keer GheF&efkeJeer MesejeW
meomelee Oeeefjle efveosMeke heoeW meefceefleeeW keer meomelee/
keer mebKee
keer mebKee
keer mebKee
DeOe#elee
No. of equity
No. of
shares of the member
Bank held as ship in Sub
on 31.03.2011 Committees
of the Bank
1
eer S.Sme. Yeeeee&
Metve
Shri A. S.
Bhattacharya
Chairman and
Managing Director
NIL
No. of Directorship held in

other Companies i.e. Other
than the Bank
No. of Membership/
Chairmanship held
in Sub Committees
of the Board in
Other Companies
Metve
Metve
NIL
NIL
DeefYeegefeeeb (yeQke ceW/Deve kebheefveeeW ceW efveegefe kee mJehe)
Remarks (nature of appointment in the Bank / other

Companies)
yeQefkebie kebheveerpe (GheeceeW kee DeefOeienCe Deewj DeblejCe) DeefOeefveece

1970 /80 keer Oeeje 9(3) (S) kes DeOeerve kesv mejkeej eje
01.10.2010 mes yeQke kes DeOe#e Je eyebOe efveosMeke kes he ceW
efveege. DeefOeJeef<e&lee DeLee&le 31.01.2012 leke ee Deeieeceer DeeosMeeW
leke, pees Yeer henues nes, heo hej yeves jnWies.
Appointed as the Chairman and Managing Director of
the Bank w.e.f. 01.10.2010 by the Central Government
u/s 9 (3) (a) of the Banking Companies (Acquisition
and Transfer of Undertakings) Act, 1970/1980 to hold
the post till 31.01.2012 i.e. his date of superannuation
or until further orders, whichever is earlier
38
De.e.
Sr.
No.
veece
Name
Oeeefjle heo
Position held

keer mebKee
keer mebKee
keer mebKee
DeOe#elee
No. of equity
No. of
of the Bank
2
eer Sce.peer.mebIeJeer
keee&heeueke efveosMeke
Shri M. G. Sanghvi
Executive Director
1100

than the Bank
No. of Membership/
Chairmanship held
in Sub Committees
of the Board in
Other Companies
Metve
NIL

Companies)

1970 /80 keer Oeeje 9(3) (S) kes DeOeerve kesv mejkeej eje
15.10.2008 mes yeQke kes hetCe&keeefueke efveosMeke (keee&heeueke efveosMeke
kes he ceW heoveeefcele) efveege. DeefOeJeef<e&lee DeLee&le 30.06.2013 leke
ee Deeieeceer DeeosMeeW leke, pees Yeer henues nes, heo hej yeves jnWies.
Deehe yeQke Dee@@He ceneje^ Skepeerkeetj Sb[ ^mer kebheveer ee. efue. kes
yees[& kes DeOe#e Yeer nQ.
Appointed as a whole time director (designated as
Executive Director) w.e.f. 15.10.2008 by the Central
Government u/s 9 (3) (a) of the Banking Companies
(Acquisition and Transfer of Undertakings) Act,
1970/1980, to hold the post up to 30.06.2013 i.e.
the date of his superannuation or until further orders,
whichever is earlier.
He is also a Chairman of the Board of The Maharashtra
Executor and Trustee Company Pvt. Ltd.
eer Jeer.heer Yeejepe

Shri V. P. Bhardwaj
iewj- keee&heeueke efveosMeke

Yeejle mejkeej kes eefleefveefOe
Metve
Metve
Metve
Nil
Nil
Nil
Director (Non
Executive)
Representing Central
Government
megeer keceuee jepeve

Ms. Kamala Rajan
Yeejleere efj]peJe& yeQke eje

veeefcele efveosMeke (iewj
keee&heeueke)
Nominated as a Director w.e.f. 10.06.2008 by the

Central Government u/s 9 (3) (b) of the Banking
Companies (Acquisition and Transfer of Undertakings)
Act, 1970/1980 to hold the post until further orders.
Metve
Metve
Metve
Nil
Nil
Nil
Director (Non
Executive)
Recommended by RBI
eer Deevevo keceueveeve

hebef[le
Shri Anand K.
Pandit
[e@. efovesMe Meebefleueeue

hesue
Dr. Dinesh S. Patel
kesv mejkeej kes Deefleefje

MesejOeejkeeW ceW mes egves ieS
efveosMeke (iewj keee&heeueke)

1970 / 80 keer Oeeje 9(3) (meer) kes DeOeerve kesv mejkeej eje
30.07.2010 mes Deieues DeeosMeeW leke efveosMeke kes he ceW veeefcele.
Central Government u/s 9 (3) (c) of the Banking
Act, 1970/1980 to hold the post until further orders.
1400
Metve
Nil
Director (Non
Executive) Elected from
amongst Shareholders,
other than Central
Government
kesv mejkeej kes Deefleefje

MesejOeejkeeW ceW mes egves ieS

1970 / 80 keer Oeeje 9(3) (yeer) kes DeOeerve kesv mejkeej eje
10.06.2008 mes Deieues DeeosMeeW leke efveosMeke kes he ceW veeefcele.

1970 keer Oeeje 9 (3) (DeeF&) kes DeOeerve kesv mejkeej kes Deefleefje
yeQke kes Deve MesejOeejkeeW eje efveosMeke kes he ceW hegve: efveJee&efele
(efveefJe&jesOe, keeeWefke oes heoeW kes efueS oes JewOe veeceebkeveeW ceW mes Ske
Gvekee Lee).
Re-elected (unopposed, since his nomination was
one of the two valid nominations against two posts)
as a Director by shareholders of the Bank other
than the Central Government u/s 9 (3) (i) of the
Banking Companies (Acquisition and Transfer of
Undertakings) Act, 1970.
100
Metve
NIL
Director (Non
Executive) Elected from
amongst Shareholders,
other than Central
Government

1970 keer Oeeje 9(3) (DeeF&) kes DeOeerve kesv mejkeej kes Deefleefje
yeQke kes Deve MesejOeejkeeW eje efveosMeke kes he ceW otmejer yeej hegve:
efveJee&efele (efveefJe&jesOe, keeeWefke oes heoeW kes efueS oes JewOe veeceebkeveeW ceW
mes Ske Gvekee Lee).
Re-elected (unopposed, since his nomination was
one of the two valid nominations against two posts)
as a Director by shareholders of the Bank other
than the Central Government u/s 9 (3) (i) of the
Banking Companies (Acquisition and Transfer of
Undertakings) Act, 1970.
39

De.e.
Sr.
No.
veece
Name
Oeeefjle heo
Position held

keer mebKee
keer mebKee
keer mebKee
DeOe#elee
No. of equity
No. of
of the Bank
7
[e@. megefveue et. osMeheeb[s

Dr. Sunil U.
Deshpande

DeefOekeeefjeeW kes eefleefveefOe
200

than the Bank
No. of Membership/
Chairmanship held
in Sub Committees
of the Board in
Other Companies
Metve
Metve
Nil
Nil
Director (Non
Executive)
Representing Officers

Companies)

1970 / 80 keer Oeeje 9(3) (SHe) kes DeOeerve kesv mejkeej eje
17.03.2008 mes yeQke kes efveosMeke kes he ceW veeefcele leLee Jes 3 Je<e&
leke ee yeQke Dee@@He ceneje^ kee DeefOekeejer ve jnves hej ee Deeieeceer
DeeosMeeW leke, pees Yeer henues nes, heo hej yeves jnWies.
efveosMeke kes he ceW Fvekee keee&keeue 16 ceee& 2011 kees meceehle
nesvee Lee. uesefkeve ceeveveere cegbyeF& Ge veeeeuee keer veeiehegj
Keb[heer" ves 9 ceee& 2011 keer DeefOemetevee eje Oeeje 9 kes Keb[
(2) kees neves hej mLeieve peejer efkeee nw peyeleke efke Oeeje 9 keer
Ghe-Oeeje (3) kes Keb[ (SHe) kes DeOeerve efveosMeke kee GejeefOekeejer
veeefcele ee hegve:veeefcele veneR efkeee peelee ee Deieues DeeosMeeW leke,
pees Yeer henues nes.
Nominated as Officer Employee Director w.e.f.
17.03.2008 by the Central Government u/s 9 (3) (f)
of the Banking Companies (Acquisition and Transfer
of Undertakings) Act, 1970/1980 for a period of three
years or till he ceases to be officer of the Bank of
Maharashtra or until further orders, whichever is
earlier.
His tenure as director was to end on 16th March 2011.
However, Hon. Mumbai High Court-Nagpur Bench,
has, on 9th March 2011, stayed deletion of clause
(2) of Section 9 vide notification dated September 15,
2009 till such time the successor of director under
clause (f) of sub-section (3) of Section 9 is nominated
or re-nominated or until further order, whichever is
earlier.
eer megefveue. Se. keesese
Metve
Shri Sunil. H.
Kocheta
Director (Non
Executive)
NIL
Metve
Metve
NIL
NIL

1970 / 80 keer Oeeje 9(3) (peer) kes DeOeerve kesv mejkeej eje
10.07.2008 mes leerve Je<e& kes efueS ee Deieues DeeosMeeW leke, pees Yeer
henues nes, efveosMeke kes he ceW veeefcele.
Central Government u/s 9 (3) (g) of the Banking
Act, 1970/1980 for a period of three years or until
further orders, whichever is earlier.
eer efMeefj<e [er. Oeveke

Shri Shirish D.
Dhanak

kece&keej eefleefveefOe
200
Metve
Metve
Nil
Nil
Director (Non Executive

(Representing
Workmen

1970 / 80 keer Oeeje 9(3) (F&) kes DeOeerve kesv mejkeej eje
21.07.2010 mes yeQke kes efveosMeke kes he ceW veeefcele leLee Jes 3 Je<e&
leke ee yeQke Dee@@He ceneje^ kee kece&keej kece&eejer ve jnves hej ee
Deeieeceer DeeosMeeW leke, pees Yeer henues nes, heo hej yeves jnWies.
Appointed as a Workmen Employee Director w.e.f.
21.07.2010 by the Central Government u/s 9 (3) (e)
of Undertakings) Act, 1970/1980 for a period of three
years or till he ceases to be a workmen employee
of the Bank of Maharashtra or until further orders,
whichever is the earliest.
40
2.3 Je<e& kes oewjeve efveosMekeeW keer efveegefe/DeJemeeve
2.3
Appointment / Cessation of Directors during the year:
eer efMejer<e [er. Oeveke kees yeQefkebie kebheveerpe (GheeceeW kee DeefOeienCe Deewj DeblejCe) DeefOeefveece
1970 / 80 keer Oeeje 9 (3) (F&) kes DeOeerve kesv mejkeej eje 21.07.2010 mes yeQke kes efveosMeke
kes he ceW kece&keej kece&eejer efveosMeke efveege efkeee ieee leLee Jes veeceebkeve mes 3 Je<e& keer DeJeefOe
ee yeQke Dee@@He ceneje^ kee kece&keej kece&eejer ve jnves hej ee Deeieeceer DeeosMeeW leke, pees Yeer
henues nes, heo hej yeves jnWies.
Shri Shirish D. Dhanak was appointed by the Central Government as

Workmen Employee Director on 21st July 2010 under section 9 (3) (e) of
the Banking Companies (Acquisition and Transfer of Undertakings) Act,
1970/1980 for a period of three years from the date of nomination or till he
ceases to be a workmen employee of the Bank of Maharashtra or until
further orders, whichever is the earliest.
megeer keceuee jepeve kees yeQefkebie kebheveerpe (GheeceeW kee DeefOeienCe Deewj DeblejCe) DeefOeefveece 1970
keer Oeeje 9 (3) (meer) kes DeOeerve kesv mejkeej eje 30.07.2010 kees Yeejleere efj]peJe& yeQke kes
eefleefveefOe kes he ceW eer Sme. kes. ieesefieee kes mLeeve hej, pees megeer keceuee jepeve kes veeceebkeve
kes Ghejeble efveosMeke veneR jns, veeefcele efkeee ieee nw. Jes kesv mejkeej mes Deieues DeeosMeeW leke heo
hej yeveer jnWieer.
Ms. Kamala Rajan was nominated by the Central Government as a Director

on 30th July 2010 under section 9(3) (c) of the Banking Companies
(Acquisition and Transfer of Undertakings) Act, 1970 representing the
Reserve Bank of India vice Shri S. K. Gogia, who ceased to be a Director
upon nomination of Ms. Kamala Rajan. She shall hold office until further
orders from the Central Government.
eer S. Sme. Yeeeee& kees eer Deuesve meer. S. efhejsje, pees 30.09.2010 kees DeefOeJeef<e&lee hej
mesJeeefveJe=e ngS, kes mLeeve hej yeQefkebie kebheveerpe (GheeceeW kee DeefOeienCe Deewj DeblejCe) DeefOeefveece
1970 /80 keer Oeeje 9 (3) (S) kes DeOeerve kesv mejkeej eje 01.10.2010 mes 31.01.2012
leke keer DeJeefOe DeLee&le ceen kes Debeflece efove leke peye Jes DeefOeJeef<e&lee Deeeg leke hengbeWies ee
Deeieeceer DeeosMeeW leke, pees Yeer henues nes, yeQke kes DeOe#e Je eyebOe efveosMeke kes he ceW efveege
efkeee ieee nw.
Shri. A. S. Bhattacharya was appointed by the Central Government as

Chairman and Managing Director with effect from 01.10.2010, under sec
9(3) (a) of the Banking Companies (Acquisition and Transfer of
Undertakings) Act, 1970, for a period upto 31.01.2012 i.e. the last day of
the month in which he would attain the age of superannuation or until
further orders, whichever is earlier, in place of Shri Allen C.A. Pereira, who
superannuated on 30th Sept 2010.
eer er. hejcesej jeJe kees yeQefkebie kebheveerpe (GheeceeW kee DeefOeienCe Deewj DeblejCe) DeefOeefveece
1970/80 keer Oeeje 9(3)(Se) kes DeOeerve kesv mejkeej eje 13.09.2007 mes leerve Je<e& kes efueS
efveosMeke kes he ceW veeefcele efkeee ieee leLee Jes 12.09.2010 kees efveegefe keer DeJeefOe meceehle
nesves hej efveosMeke veneR jns.
Shri. T. Parameswara Rao, nominated as Director for a period of three

years on 13th November 2007, by the Central Government under section
9 (3) (h) of the Banking Companies (Acquisition and Transfer of
Undertakings) Act, 1970/1980, ceased to be a Director on 12th November
2010, on the expiry of his term of appointment.
eer efelejbpeve heJeejer kees yeQefkebie kebheveerpe (GheeceeW kee DeefOeienCe Deewj DeblejCe) DeefOeefveece
1970/80 keer Oeeje 9(3)(Se) kes DeOeerve kesv mejkeej eje 23.01.2008 mes leerve Je<e& kes efueS
efveosMeke kes he ceW veeefcele efkeee ieee leLee Jes 22.01.2011 kees efveegefe keer DeJeefOe meceehle
nesves hej efveosMeke veneR jns.
Shri. Chittaranjan Patwari, nominated as Director for a period of three

years on 23rd January 2008, by the Central Government under section 9
(3) (h) of the Banking Companies (Acquisition and Transfer of Undertakings)
Act, 1970/1980, ceased to be a Director on 22nd January 2011, on the
expiry of his term of appointment.
eer Deevebo keceueveeve hebef[le leLee [e@. efovesMe Meebefleueeue hesue yeQefkebie kebheveerpe (GheeceeW kee
DeefOeienCe Deewj DeblejCe) DeefOeefveece 1970/80 keer Oeeje 9(3) (DeeF&) leLee yeQke Dee@@He ceneje^
(Meseme& Deewj yew"keW) efJeefveece 2004 kes DeOeerve kesv mejkeej kes Deefleefje yeQke kes Deve
MesejOeejkeeW eje efveosMeke kes he ceW otmejer yeej hegve:efveJee&efele ngS.
Shri Anand Kamalanayan Pandit and Dr. Dinesh Shantilal Patel were
re-elected w.e.f. 01.02.2011 as Directors from and amongst the shareholders
other than the Central Government in pursuance of section 9 (3)(i) of the
Banking Companies (Acquisition and Transfer of Undertakings) Act,
1970/1980 and Bank of Maharashtra (Shares and Meetings) Regulations,
2004.
2.4 efveosMeke ceb[ue keer yew"keW
2.4
Board Meetings:
During the Financial Year 2010-11, total 14 meetings were held on the
following dates as against minimum of 6 meetings prescribed under Clause
12 of the Nationalized Banks (Management and Miscellaneous Provisions)
Scheme, 1970.
efJeeere Je<e& 2010-11 kes oewjeve efveosMeke ceb[ue keer yew"keW efvecveefueefKele efoveebkeeW hej kegue 14
yeej mebheVe ngF& peyeefke jeêreke=le yeQke (eyebOeve SJeb ekeerCe& eeJeOeeve) eespevee, 1970 kes Keb[
12 kes DeOeerve vetvelece 6 yew"keW Devegye nQ.
30.04.10
31.05.10
09.07.10
29.07.10
07.08.10
08.09.10
30.09.10
30.04.10
31.05.10
09.07.10
29.07.10
07.08.10
08.09.10
30.09.10
22.10.10
12.11.10
14.12.10
21.01.11
21.02.11
12.03.11
26.03.11
22.10.10
12.11.10
14.12.10
21.01.11
21.02.11
12.03.11
26.03.11
yees[& meefceefle keer Gheeg&e yew"keeW ceW Deheveer keee& DeJeefOe kes oewjeve efveosMekeeW keer GheefmLeefle kes
efJeJejCe efvecveevegmeej nQ :
efveosMeke kee veece
DeJeefOe
eer Deuesve meer.S. efhejsje

eer S.Sme. Yeeeee&
eer Sce.peer. mebIeJeer
eer Jeer.heer. Yeejepe
eer Sme.kes. ieesefieee
eer er. hejcesMJej jeJe
eer efeejbpeve heJeejer
eer S.kes. hebef[le
[e@. [er.Sme. hesue
[e@. Sme.et. osMeheeb[s
eer Sme.Se. keesese
eer Sme.[er. Oeveke
01.04.2010 mes 30.09.2010

01.10.2010 mes 31.03.2011
01.04.2010 mes 31.03.2011
01.04.2010 mes 31.03.2011
01.04.2010 mes 29.07.2010
30.07.2010 mes 31.03.2011
01.04.2010 mes 12.11.2010
01.04.2010 mes 22.01.2010
01.04.2010 mes 31.03.2011
01.04.2010 mes 31.03.2011
01.04.2010 mes 31.03.2011
01.04.2010 mes 31.03.2011
21.07.2010 mes 31.03.2011
Gvekes keee&keeue
ceW mebheVe yew"keW
7
7
14
14
4
10
9
11
14
14
14
14
11
The details of attendance of the Directors at the aforesaid Board Meetings

held during their respective tenure are as under:
yew"keeW ceW
GheefmLeefle
7
7
14
12
0
8
9
9
13
13
14
14
6
41
Name of the Director
Period
Shri Allen C.A. Pereira

Shri A.S. Bhattacharya
Shri M.G. Sanghvi
Shri V.P. Bhardwaj
Shri S.K. Gogia
Ms. Kamala Rajan
Shri T.Parameswara Rao
Shri Chittaranjan Patwari
Shri A.K. Pandit
Dr. D.S. Patel
Dr. S.U. Deshpande
Shri S.H. Kocheta
Shri S.D. Dhanak
01.04.2010 to 30.09.2010
01.10.2010 to 31.03.2011
01.04.2010 to 31.03.2011
01.04.2010 to 31.03.2011
01.04.2010 to 29.07.2010
30.07.2010 to 31.03.2011
01.04.2010 to 12.11.2010
01.04.2010 to 22.01.2011
01.04.2010 to 31.03.2011
01.04.2010 to 31.03.2011
01.04.2010 to 31.03.2011
01.04.2010 to 31.03.2011
21.07.2010 to 31.03.2011
Meetings Meetings
held during attended
their tenure
7
7
14
14
4
10
9
11
14
14
14
14
11
7
7
14
12
0
8
9
9
13
13
14
14
6

2.5 Deeeej mebefnlee
2.5
The Code of Conduct for Board of Directos and Senior Management

Personnel i.e. Core Management team comprising Chief General Manager
and all General Managers, has been approved by the Board of Directors in
compliance with Clause 49 of the Listing Agreement with Stock Exchanges.
The said Code of Conduct is posted on the Banks website www.
bankofmaharashtra.in. All the Board Members and Senior Management
Personnel have since affirmed the compliance of the code.
efveosMeke ceb[ue leLee Jeefj<" eyebOeve keefce&eeW DeLee&le cegKe ceneeyebOeke leLee meYeer ceneeyebOekeeW
Jeeueer keesj eyebOeve erce nsleg Deeeej mebefnlee efveosMeke ceb[ue eje me@ke SkemeeWpeeW kes meeLe
meteerkejCe kejej kes Keb[ 49 kes Devegheeueve ceW Devegceesefole keer ieF& nw. Gkele Deeeejmebefnlee yeQke
keer JesyemeeF& www.bankofmaharashtra.in hej jKeer ieF& nw. yees[& kes meYeer meomeeW leLee
Jeefj<" eyebOeve keefce&eeW ves mebefnlee kes Devegheeueve keer hegef keer nw.
3.
Jeeef<e&ke meeOeejCe meYee :
4.

eer S.kes. hebef[le
eer Sme.Se. keesese
Annual General Meeting:

The Annual General Meeting of the shareholders of the Bank was held on
Friday, the 9th July 2010 at Appasaheb Joag Auditorium, Central Office,
Lokmangal, 1501, Shivajinagar, Pune-411005 where following Directors
were present.
yeQke kes MesejOeejkeeW keer Jeeef<e&ke meeOeejCe meYee MegeJeej, efoveebke 09 pegueeF&, 2010 kees
Dehheemeensye peesie meYeeie=n, kesvere keeee&uee, ueeskecebieue, 1501, efMeJeepeerveiej, hegCes411005
ceW mebhevve ngF& efpemeceW efvecveebefkele efveosMeke GheefmLele Les :
01
02
03
04
05
06
07
Code of Conduct

Yeejle mejkeej kes veeefcele efveosMeke
efveosMeke
MesejOeejke efveosMeke
DeefOekeejer kece&eejer efveosMeke
efveosMeke SJeb efveosMeke ceb[ue keer uesKee hejer#ee
meefceefle kes DeOe#e
4.
efveosMeke ceb[ue keer meefceefleeeb

efveosMeke ceb[ue ves efvecveefueefKele meefceefleeeW kee ie"ve efkeee nw Deewj efJeefYeVe keee&cetueke #es$eesb ceW
DeefOekeejeW kee eleespeve efkeee nw.
01 Shri Allen C.A.Pereira
02 Shri M. G. Sanghvi
Executive Director
03 Shri V.P. Bhardwaj
Nominee Director of Government of India
04 Shri T. Parameswara Rao
Director
05 Shri A. K. Pandit
Shareholder Director
06 Dr. S. U. Deshpande
Officer Employee Director
07 Shri S. H. Kocheta
Director & Chairman of Audit Committee

of the Board
Committees of Board:
The Board has constituted the following committees and delegated powers
in different functional areas.
4.1
4.1 eyebOeve meefceefle

jeêreke=le yeQke (eyebOeve Deewj efJeefJeOe eeJeOeeve) eespevee, 1970 kes eeJeOeeveeW kes Debleie&le efveosMeke
ceb[ue keer meele meomeere eyebOeve meefceefle kee ie"ve efkeee ieee nw. eyebOeve meefceefle kes keee& Deewj
kele&Je efvecveevegmeej nQ :
ke) $e+Ce Je efveJesMe emleeJeeW keer cebpetjer
Ke) $e+Ce mecePeewlee/yes Keeles ceW [eueves kes emleeJeeW kees cebpetjer osvee
ie) heefjmej/keJee&me& DeefOeieefnle kejves mes mebyebefOele emleeJe Devegceesefole kejvee, leLee
Ie) efveosMeke ceb[ue eje meboefYe&le Deve efJe<ee.
Management Committee:
The Management Committee (MC) of the Board is constituted with seven
members as per provisions of the Nationalized Banks (Management and
Miscellaneous Provisions) Scheme, 1970. Functions and duties of the
Management Committee are as under:
31 ceee& 2011 kees meefceefle keer mebjevee efvecveevegmeej Leer:

i.
eer S.Sme. Yeeeee&
DeOe#e
ii.
meome
iii. megeer keceuee jepeve
meome
iv.
eer S.kes. hebef[le
meome
v.
[e@. [er.Sme. hesue
meome
vi. eer Sme.Se. keesese
meome
vii. eer Sme.[er. Oeveke
meome
a)
Sanction of credit and investment proposals,
b)
Sanction of loan compromise / write off proposals,
c)
Approve proposals relating to acquiring of premises/ quarters and
d)
Any other matter referred by the Board.
The composition of the Committee as on 31st March 2011 is as under:

i
Shri A. S. Bhattacharya
Chairman
ii
Shri M. G. Sanghvi
Member
iii
Ms. Kamala Rajan
Member
iv
Shri A. K. Pandit
Member
Dr. D. S. Patel
Member
vi
Shri S. H. Kocheta
Member
vii
Shri S. D. Dhanak
Member
The Committee met 27 times during the period under review on the
following dates:
Deeueese DeJeefOe kes oewjeve meefceefle keer 27 yew"keW efvecveefueefKele efoveebkeeW hej ngF&b:
17.04.10 24.04.10 11.05.10 29.05.10 23.06.10 29.06.10 16.07.10 29.07.10 03.08.10
25.08.10 16.09.10 24.09.10 30.09.10 21.10.10 12.11.10 29.11.10 14.12.10 08.01.11
20.01.11 28.01.11 07.02.11 25.02.11 12.03.11 18.03.11 23.03.11 26.03.11 31.03.11
17.04.10 24.04.10 11.05.10 29.05.10 23.06.10 29.06.10 16.07.10 29.07.10 03.08.10

25.08.10 16.09.10 24.09.10 30.09.10 21.10.10 12.11.10 29.11.10 14.12.10 08.01.11
20.01.11 28.01.11 07.02.11 25.02.11 12.03.11 18.03.11 23.03.11 26.03.11 31.03.11
meefceefle keer Ghee&ge yew"keeW ceW Deheveer keee& DeJeefOe kes oewjeve efveosMekeeW keer GheefmLeefle kes efJeJejCe
efvecveevegmeej nQ:
The details of attendance of the Directors at the aforesaid meetings of the

Committee held during their respective tenure are as under:

eer S.Sme. Yeeeee&
DeJeefOe
01.04.2010 mes 30.09.2010
01.10.2010 mes 31.03.2011
01.04.2010 mes 31.03.2011
01.04.2010 mes 29.07.2010
30.07.2010 mes 31.03.2011
01.04.2010 mes 18.06.2010
22.09.2010 mes 12.11.2010
Gvekes
keee&keeue ceW
mebheVe yew"keW
13
14
27
08
19
04
04
yew"keeW ceW
GheefmLeleer
11
14
27
00
16
04
04
42
Period
Meetings Meetings
held during Attended
their tenure
Shri. Allen C. A. Pereira
01.04.2010 to 30.09.2010
13
11
Shri. A. S. Bhattacharya
01.10.2010 to 31.03.2011
14
14
Shri. M. G. Sanghvi
01.04.2010 to 31.03.2011
27
27
Shri. S. K. Gogia
01.04.2010 to 29.07.2010
08
00
Ms. Kamala Rajan
30.07.2010 to 31.03.2011
19
16
Shri. T. Parameswara Rao
01.04.2010 to 18.06.2010
22.09.2010 to 12.11.2010
04
04
04
04
DeJeefOe
Gvekes
keee&keeue ceW
mebheVe yew"keW
yew"keeW ceW
GheefmLeleer
Period
01.04.2010 mes 21.09.2010

13.11.2010 mes 22.01.2011
11
04
10
04
Shri. Chittaranjan Patwari
01.04.2010 to 21.09.2010
13.11.2010 to 22.01.2011
11
04
10
04
eer S.kes. hebef[le
01.04.2010 mes 21.09.2010

19.12.2010 mes 31.03.2011
11
10
09
10
Shri. A. K. Pandit
01.04.2010 to 21.09.2010
19.12.2010 to 31.03.2011
11
10
09
10
[e@. [er.Sme. hesue
19.06.2010 mes 18.12.2010

22.03.2011 mes 31.03.2011
13
03
08
01
Dr. D. S. Patel
19.06.2010 to 18.12.2010
22.03.2011 to 31.03.2011
13
03
08
01
22.09.2010 mes 21.03.2011
13
13
Dr. S. U. Deshpande
22.09.2010 to 21.03.2011
13
13
eer Sme.Se. keesese
01.04.2010 mes 31.03.2011
27
24
Shri. S. H. Kocheta
01.04.2010 to 31.03.2011
27
24
eer Sme.[er. Oeveke
23.01.2010 mes 31.03.2011
08
08
Shri. S. D. Dhanak
23.01.2011 to 31.03.2011
08
08
Meetings Meetings
their tenure
4.2. Audit Committee of the Board
4.2 efveosMeke ceb[ue keer uesKee hejer#ee meefceefle

Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej efveosMeke ceb[ue keer uesKee hejer#ee meefceefle kee
ie"ve efkeee ieee nw. meefceefle kes eleeeesefpele keee& efvecveevegmeej nQ:
ke)
uesKee hejer#ee meefceefle yeQke kes mebhetCe& uesKee hejer#ee keee& mebeeueve keer osKejsKe kes meeLemeeLe ceeie&oMe&ve Yeer eoeve kejleer nw. meceie uesKee hejer#ee keee&eCeeueer kes Debleie&le yeQke kee
Deebleefjke efvejer#eCe SJeb Deebleefjke uesKee hejer#ee kee iegCeJeee efveeb$eCe, mebeeueve leLee
mebie"ve meefnle Yeejleere efj]peJe& yeQke eje efvejer#eCe leLee yeQke keer yeee/meebefJeefOeke uesKee
hejer#ee kee DevegJele&ve Meeefceue nw.
Ke)
Pursuant to the directives of Reserve Bank of India, Audit Committee of

Board of Directors (ACB) is constituted. The delegated functions of the
Committee are as under:
a)
ACB provides direction as also oversees the operation of the total

audit function of the Bank. Total audit function implies the organization,
operationalisation and quality control of internal audit and inspection
within the Bank and follow up on the statutory / external audit of the
Bank and inspection of RBI.
Deebleefjke uesKee hejer#ee kes efJe<ee ceW uesKee hejer#ee meefceefle yeQke ceW DevegJele&ve keer ef mes
Deebleefjke efvejer#eCe/uesKee hejer#ee keee& keer iegCeJeee Deewj eYeeJeeslheeokelee keer meceer#ee
kejleer nw. uesKee hejer#ee meefceefle meYeer DeefleefJemle=le MeeKeeDeesb Deewj efJeMes<e%elee eehle
MeeKeeDeesb meefnle meYeer Demeblees<epeveke eesieleeece Jeeueer MeeKeeDeesb keer efvejer#eCe efjheeses
keer meceer#ee kejleer nw.
efJeMes<e he mes en meefceefle Deblej-MeeKee meceeeespeve KeeleeW, vee@mês KeeleeW Deewj Deblej-yeQke
KeeleeW ceW meceeOeeve ve keer ieF& keeHeer mecee mes yekeeee eefJeefeeW, efJeefYeVe MeeKeeDeesb ceW
uesKee yeefneeW kes yekeeee efceueeve, OeesKeeOe[er Deewj ie=nJes#eCe kes cenlJehetCe& #es$eesb kee
DevegJele&ve kejleer nw.
b)
As regards internal audit, ACB reviews the internal inspection/ audit

function in the Bank adequacy of the system, its quality and
effectiveness in terms of follow up. ACB also reviews inspection
reports of specialized and extra large branches and all branches with
unsatisfactory ratings.
c)
It specifically focuses on the follow up of Inter Branch Adjustment

Accounts, Un-reconciled long outstanding entries in Inter Bank
Accounts and Nostro Accounts, Position of balancing of books at
various branches, frauds and all other major areas of house
keeping.
Ie)
uesKee hejer#ee meefceefle Devegheeueve DeefOekeejer mes Yeejle mejkeej/Yeejleere efjpeJe& yeQke kes
DevegosMeeW kes keeee&vJeeve mes mebyebefOele efleceener efjheess eehle kej Gvekeer meceer#ee kejleer nw.
d)
ACB obtains and reviews quarterly reports from the Compliance Officer
relating to implementation of various Government and RBI guidelines.
[)
efleceener/DeOe&Jeeef<e&ke/Jeeef<e&ke uesKeeW Deewj efjheeses kees Debeflece mJehe eoeve kejves mes hetJe&
meefceefle yeee uesKee hejer#ekeeW kes meeLe efJeeej-efJeceMe& kejleer nw. en ueeBie Hee@ce& uesKee
hejer#ee efjhees& (SueSHeSDeej) ceW G"eS ieS meYeer cegesb kee DevegJele&ve kejleer nw.
e)
ACB interacts with the Statutory Central Auditors before finalization

of the annual / half-yearly /quarterly accounts and reports. It also
follows up all the issues raised in the Long Form Audit Report
(LFAR).
e)
uesKee hejer#ee meefceefle Yeejleere efj]peJe& yeQke eje peejer efvejer#eCe efjhees& ceW G"eS ieS meYeer
cegesb/efebleeDeesb kee DevegJele&ve kejleer nw.
f)
ACB makes follow up of all the issues / concerns that are raised in the
inspection report of RBI.
meefceefle meYeer DeheJeeo mJehe efJemle=le MeeKeeDeesb/Deefle efJemle=le MeeKeeDeesb keer mebieeceer uesKee
hejer#ee efjheeses keer meceer#ee kejleer nw.
g)
ACB reviews the concurrent audit reports of ELBs/ VLBs and

Specialized branches
uesKee hejer#ee meefceefle egefveboe #es$eesb ceW yeQke kes keee& efve<heeove kee hegvejer#eCe Yeer
kejleer nw.
h)
ACB also reviews performance of the Bank periodically under select

areas.
ie)
pe)
i.
eer Sme.Se. keesese
The composition of the Committee as on 31st March, 2011 is as under:
DeOe#e
i.
Shri S. H. Kocheta
Chairman
Shri M. G. Sanghvi
Member
ii.
meome
ii.
iii.
meome
iii.
Shri V. P. Bhardwaj
Member
iv.
Ms. Kamala Rajan
Member
v.
Shri A. K. Pandit
Member
iv.
meome
v.
eer S.kes. hebef[le
meome
During the year, the ACB met 10 times and the dates of the meetings are
as under:
Je<e& kes oewjeve uesKee hejer#ee meefceefle keer 10 yeej yew"keW ngF&. yew"keeW kes efoveebke efvecve ekeej nQ:
24.04.10
30.04.10
24.07.10
29.07.10
01.10.10
24.04.10
30.04.10
24.07.10
29.07.10
01.10.10
22.10.10
29.11.10
14.12.10
21.01.11
25.02.11
22.10.10
29.11.10
14.12.10
21.01.11
25.02.11
43

efvecveevegmeej nQ:
DeJeefOe
Gvekes
yew"keeW ceW
keee&keeue ceW
GheefmLeleer
mebheVe yew"keW
eer Sme.Se. keesese
01.04.2010 mes 31.03.2011
10
10
01.04.2010 mes 31.03.2011
10
10
01.04.2010 mes 31.03.2011
10
08
01.04.2010 mes 29.07.2010
04
01
30.07.2010 mes 31.03.2011
06
06
01.04.2010 mes 12.11.2010
06
06
eer S.kes. hebef[le
13.11.2010 mes 31.03.2011
04
04
The details of attendance of the Directors at the meetings of the Committee

4.3
4.3 efveosMeke ceb[ue keer peesefKece eyebOeve meefceefle
24.07.10
08.09.10
12.11.10

eer S.Sme. Yeeeee&
eer Sme.Se. keesese
eer Sme.[er. Oeveke
DeJeefOe
01.04.2010 mes 30.09.2010
01.10.2010 mes 31.03.2011
01.04.2010 mes 31.03.2011
01.04.2010 mes 29.07.2010
07.08.2010 mes 29.10.2010
01.04.2010 mes 31.03.2011
12.11.2010 mes 31.03.2011
Shri. S. H. Kocheta
01.04.2010 to 31.03.2011
10
Shri. M. G. Sanghvi
01.04.2010 to 31.03.2011
10
10
10
Shri. V. P. Bhardwaj
01.04.2010 to 31.03.2011
10
08
Shri. S. K. Gogia
01.04.2010 to 29.07.2010
04
01
Ms. Kamala Rajan
30.07.2010 to 31.03.2011
06
06
01.04.2010 to 12.11.2010
06
06
Shri. A. K. Pandit
13.11.2010 to 31.03.2011
04
04
Risk Management Committee of the Board:
The composition of the Committee as on 31st March, 2011 is as under:

i.
Chairman
ii.
Shri M. G. Sanghvi
Member
iii.
Shri S. H. Kocheta
Member
iv.
Shri S. D. Dhanak
Member
The Risk Management Committee was reconstituted on 12.11.2010. The

Committee met 5 times during the year as under.
25.02.11
29.05.10
efvecveevegmeej nQ:
Meetings Meetings
their tenure
The Risk Management Committee of the Board has been constituted with
four Directors as members of the Committee as per the guidelines issued
by Reserve Bank of India to devise a policy and strategy for Integrated Risk
Management containing various risk exposures of the Bank including the
credit risk.
Yeejleere efj]peJe& yeQke eje peejer efoMeeefveoxMeeW kes DevegmejCe ceW efveosMeke ceb[ue keer peesefKece eyebOeve
meefceefle kee ie"ve efkeee ieee nw. Fme meefceefle ceW eej efveosMeke meome nQ. meefceefle Skeerke=le
peesefKece eyebOeve, efpemeceW $e+Ce peesefKece meefnle efJeefYeVe peesefKece efJeieesheveeW kees Meeefceue kejles ngS,
veerefle Deewj jCeveerefle leweej kejleer nw.
i.
eer S.Sme. Yeeeee&
DeOe#e
ii.
meome
iii. eer Sme.Se. keesese
meome
iv.
eer Sme.[er. Oeveke
meome
12.11.2010 kees peesefKece eyebOeve meefceefle kee hegveie&"ve efkeee ieee. Je<e& kes oewjeve peesefKece
eyebOeve meefceefle keer efvecveevegmeej 5 yew"keW ngF&b.
29.05.10
Period
24.07.10
08.09.10
12.11.10
25.02.11

Gvekes
yew"keeW ceW
keee&keeue ceW GheefmLeleer
mebheVe yew"keW
03
02
02
02
05
05
02
01
01
01
05
05
01
01
4.4
4.4 efveJesMekeeW Deewj MesejOeejkeeW keer efMekeeele Deewj Mesej DeblejCe meefceefle
Period
01.04.2010 to 30.09.2010
03
02
01.10.2010 to 31.03.2011
02
02
Shri. M. G. Sanghvi
01.04.2010 to 31.03.2011
05
05
Shri. S. K. Gogia
01.04.2010 to 29.07.2010
02
01
Ms. Kamala Rajan
07.08.2010 to 29.10.2010
01
01
Shri. S. H. Kocheta
01.04.2010 to 31.03.2011
05
05
Shri. S. D. Dhanak
12.11.2010 to 31.03.2011
01
01
Investors and
Committee:
Shareholders
Meetings Meetings
their tenure
Grievances
and
Share
Transfer
keeheexjs ieJevexvme hej mesyeer kes efoMeeefveoxMeeW Deewj me@ke SkemeeWpeeW kes meeLe ngS efueefmbie mecePeewles
keer Oeeje 49 kes Devegmeej MesejeW kes DeblejCe, efjHeb[ DeeosMe, Mesej eceeCehe$e, ueeYeebMe Fleeefo
eehle ve nesves mes mebyebefOele MesejOeejkeeW Deewj efveJesMekeeW keer efMekeeeleeW kee efveheeje kejves nsleg
meefceefle kee ie"ve efkeee ieee nw. iewj-keee&heeueke efveosMeke [e@. [er. Sme. hesue Fme meefceefle kes
DeOe#e nQ pewmee Ge Oeeje ceW Dehesef#ele nw.
In compliance with SEBI guidelines on Corporate Governance as well as

Clause 49 of the Listing Agreement, the Committee was constituted to look
into the redressal of investors and shareholders grievances regarding
transfer of shares, non-receipt of refund orders, share certificates, dividend
warrants etc. Dr. D. S. Patel, Non Executive Director is the Chairman of the
Committee as required in the said clause.
meefceefle ves Mesej DeblejCe mes mebyebefOele efJeefYeVe ceeceueeW hej Yeer efJeeej efkeee. Je<e& kes oewjeve meefceefle
ves Mesej DeblejCe, MesejeW kee êvmeefceMeve Deewj [gefhuekes Mesej peejer kejves kee Devegceesove ceen
ceW leerve yeej heefjeeueve kes eje mebkeuhe Deheveeles ngS efkeee.
The Committee also considered various matters pertaining to share

transfers. During the year, the Committee approved share transfers,
transmission of shares and issuance of duplicate share certificates by
adopting resolutions by circulation thrice in a month.
Je<e& kes oewjeve meefceefle keer efvecveevegmeej 4 yew"keW ngF&b.
The Committee met 4 times during the year as under:
31.05.10
07.08.10
12.11.10
26.02.11
31.05.10
efvecveevegmeej nQ:
DeJeefOe
Gvekes
yew"keeW ceW
mebheVe yew"keW
[e@. [er.Sme. hesue
01.04.2010 mes 31.03.2011
04
03
01.04.2010 mes 31.03.2011
04
04
01.04.2010 mes 31.03.2011
04
04
07.08.10
12.11.10
26.02.11
The details of attendance of the directors at the meetings of the Committee

held during their respective tenures are as under:
44
Period
Meetings Meetings
their tenure
Dr. D. S. Patel
01.04.2010 to 31.03.2011
04
03
Shri. M. G. Sanghvi
01.04.2010 to 31.03.2011
04
04
Dr. S. U. Deshpande
01.04.2010 to 31.03.2011
04
04
Je<e& kes oewjeve eehle Deewj efveheeF& ieF& efMekeeeleeW keer mebKee efvecveevegmeej nQ:
01.04.2010 kees uebefyele efMekeeeleeW keer mebKee
Je<e& kes oewjeve eehle efMekeeeleeW keer mebKee
Je<e& kes oewjeve efveheeF& ieF& efMekeeeleeW keer mebKee
31.03.2011 kees uebefyele efMekeeeleeW keer mebKee
The position of complaints received and resolved during the year is as under:
1
411
412
0
Number of complaints pending as on 01.04.2010
Number of complaints received during the year
411
Number of complaints resolved during the year
412
Number of complaints pending as on 31.03.2011
MesejeW kees Yeewefleke he mes ef[cew ceW yeoueves kes efueS keesF& Yeer DeeJesove uebefyele veneR Lee.
There were no pending applications for conversion of shares in physical

form to demat form.
yeQke keer efveJesMekeeW keer efMekeeeleeW Deewj me@ke SkemeeWpe kes Devegheeueve kes mebyebOe ceW eerceleer Sce.
heer. osJeOej, kebheveer meefeJe kees yeQke kee Devegheeueve DeefOekeejer heoveeefcele efkeee ieee nw.
Mrs. M.P. Devadhar, Company Secretary has been designated as the

Compliance Officer of the Bank in respect of compliance to stock exchange
and investor grievances of the Bank.
4.5 Ge cetue Jeeueer peeuemeeefpeeeW keer efveiejeveer nsleg efJeMes<e meefceefle
4.5
Yeejleere efj]peJe& yeQke kes DevegosMeeW kes Devegmeej Ge cetue keer peeuemeeefpeeeW keer efveiejeveer kes efueS
en meefceefle ieef"le keer ieF& nw. meefceefle ceW 5 efveosMeke meome nQ. meefceefle kes ecegKe keeeeX ceW
` 1.00 kejes[ SJeb DeefOeke keer meYeer peeuemeeefpeeeW keer efveiejeveer SJeb meceer#ee kejvee Meeefceue nw.
Je<e& kes oewjeve meefceefle keer 5 yew"keW efvecveevegmeej ngF&b:
23.06.10
16.09.10
12.11.10
08.01.11
As per the directions of Reserve Bank of India, the Committee, comprising

of five Directors as members, was constituted to monitor large value frauds.
The major functions of the Committee include monitoring and review of all
the frauds of `1.00 crore and above. The Committee met 5 times during the
year as under:
12.03.11
23.06.10

i.
eer S.Sme. Yeeeee&
DeOe#e
ii.
meome
iii. eer Jeer. heer. Yeejepe
meome
iv.
[e@. [er.Sme. hesue
meome
v.
eer Sme.Se. keesese
meome
efvecveevegmeej nQ:
eer S.Sme. Yeeeee&
eer Jeer. heer. Yeejepe
[e@. [er.Sme. hesue
DeJeefOe
01.04.2010 mes 30.09.2010
01.10.2010 mes 31.03.2011
01.04.2010 mes 31.03.2011
13.11.2010 mes 31.03.2011
01.04.2010 mes 12.11.2010
01.04.2010 mes 22.01.2011
01.04.2010 mes 31.03.2011
i.
ii.
iii.
iv.
v.
Gvekes
yew"keeW ceW
mebheVe yew"keW
02
02
03
03
05
05
02
02
03
03
04
04
05
03

eer S.Sme. Yeeeee&
eer Jeer. heer. Yeejepe
12.03.11
Shri M. G. Sanghvi
Shri V. P. Bhardwaj
Dr. D. S. Patel
Shri. S. H. Kocheta
Chairman
Member
Member
Member
Member
Period
Meetings held Meetings

during their Attended
tenure
01.04.2010 to 30.09.2010
02
02
01.10.2010 to 31.03.2011
03
03
Shri. M. G. Sanghvi
01.04.2010 to 31.03.2011
05
05
13.11.2010 to 31.03.2011
02
02
01.04.2010 to 12.11.2010
03
03
01.04.2010 to 22.01.2011
04
04
Dr. D. S. Patel
01.04.2010 to 31.03.2011
05
03
Directors Promotion Committee:
DeOe#e
meome
meome
meome
i.
ii.
iii.
iv.
Shri M. G. Sanghvi
Shri V.P. Bhardwaj
Ms. Kamala Rajan
Chairman
Member
Member
Member
The Committee met 4 times as under:
16.09.10
14.12.10
12.03.11
09.07.10
efvecveevegmeej nQ:
08.01.11
A Committee of Directors consisting of Chairman and Managing Director

and the nominee Directors of Government of India and Reserve Bank of
India has been formed for dealing with the promotions at senior level. The
Committee also deals with review of vigilance disciplinary cases and
departmental enquiries.
Jeefj mlej hej heoesVeefleeeW nsleg DeOe#e Je eyebOe efveosMeke leLee Yeejle mejkeej SJeb Yeejleere
efj]peJe& yeQke kes veeefcele efveosMekeeW Jeeueer Ske meefceefle kee ie"ve efkeee ieee nw. en meefceefle meleke&lee
DevegMeemeefveke ceeceueeW leLee efJeYeeieere keej&JeeFeeW keer meceer#ee Yeer kejleer nw.
09.07.10
12.11.10

held during their respective tenures are as under:
4.6
eer S.Sme. Yeeeee&

ii.
iii. eer Jeer. heer. Yeejepe
iv.
Je<e& kes oewjeve meefceefle keer 4 yew"keW ngF&b.
16.09.10
4.6 efveosMeke heoesVeefle meefceefle
i.
Special Committee to Monitor Large Value Frauds:
DeJeefOe
01.04.2010 mes 30.09.2010
01.10.2010 mes 31.03.2011
01.04.2010 mes 31.03.2011
01.04.2010 mes 31.03.2011
01.04.2010 mes 29.07.2010
30.07.2010 mes 31.03.2011
16.09.10
14.12.10
12.03.11
The details of attendance of the Directors at the aforesaid Committee

meetings are as under:
Gvekes
yew"keeW ceW
keee&keeue ceW GheefmLeefle
mebheVe yew"keW
02
02
02
02
04
04
04
04
01
00
03
03
45
Period

Shri. M. G. Sanghvi
Shri. S. K. Gogia
Ms. Kamala Rajan
01.04.2010 to 30.09.2010
01.10.2010 to 31.03.2011
01.04.2010 to 31.03.2011
01.04.2010 to 31.03.2011
01.04.2010 to 29.07.2010
30.07.2010 to 31.03.2011
Meetings Meetings
their tenure
02
02
02
02
04
04
04
04
01
00
03
03

4.7 ieenke mesJee meefceefle
4.7
As per the directions of the RBI, the Committee was constituted to review
a feed-back on quality of customer service in the Bank and to have
innovative measures for enhancing the quality of customer service by
bringing about on-going improvements in the systems and procedures of
the Bank. The Committee met 4 times as under:
Yeejleere efj]peJe& yeQke kes efveoxMeeW kes Devegmeej yeQke keer ieenke mesJee keer iegCeJeee hej eehle eeflemeteveeDeesb kee hegvejer#eCe kejves Deewj yeQke keer keee&efJeefOeeeW Deewj eCeeefueeeW ceW melele DeeOeej hej
megOeej ueekej ieenke mesJee keer iegCeJeee megOeejves nsleg veJeesvces<eer Gheee Deheveeves kes efueS meefceefle
kee ie"ve efkeee ieee nw. Je<e& kes oewjeve meefceefle keer 4 yew"keW ngF&b.
26.06.10
16.09.10
14.12.10
25.02.11
26.06.10

eer S.Sme. Yeeeee&
DeOe#e
ii.
meome
iii. eer S.kes. hebef[le
meome
iv.
meome
efvecveevegmeej nQ:

eer S.Sme. Yeeeee&
eer S.kes. hebef[le
DeJeefOe
01.04.2010 mes 30.09.2010
01.10.2010 mes 31.03.2011
01.04.2010 mes 31.03.2011
01.04.2010 mes 31.03.2011
01.04.2010 mes 31.03.2011
Gvekes
yew"keeW ceW
keee&keeue ceW GheefmLeefle
mebheVe yew"keW
02
02
02
02
04
04
04
02
04
04
4.8

02 eer Sce.peer. mebIeJeer
25.02.11
i.
ii.
Shri M. G. Sanghvi
Chairman
Member
iii.
Shri A. K. Pandit
Member
iv.
Dr. S. U. Deshpande
Member
Period
Meetings Meetings
their tenure
01.04.2010 to 30.09.2010
02
01.10.2010 to 31.03.2011
02
02
Shri. M. G. Sanghvi
01.04.2010 to 31.03.2011
04
04
Shri. A. K. Pandit
01.04.2010 to 31.03.2011
04
02
Dr. S. U. Deshpande
01.04.2010 to 31.03.2011
04
04
02
Remuneration Committee:
The Committee was constituted to evaluate the performance of whole time
Directors for approving the performance-linked incentive payable to them.
The Committee comprised of four members viz. Shri V.P. Bhardwaj,
Ms. Kamala Rajan, Shri A.K. Pandit and Shri S.H. Kocheta. The Committee
met on 30.09.2010 and approved the performance linked incentive payable
to the whole time Directors as under:
hetCe&keeefueke efveosMekeeW kees keee& efve<heeove mes peg[er esjCee jeefMe hej efJeeej kejves kes efueS meefceefle
kee ie"ve efkeee ieee Lee. meefceefle ceW eej meome nQ eLee eer Jeer. heer. Yeejepe, megeer keceuee
jepeve, eer S.kes. hebef[le leLee eer Sme.Se. keessee. meefceefle keer yew"ke efoveebke 30.09.2010
kees ngF& leLee hetCe&keeefueke efveosMekeeW kees efvecveevegmeej keee& efve<heeove mes peg[er esjCee jeefMe kee
Devegceesove efkeee ieee.
01
14.12.10
The details of attendance of the Directors at the aforesaid Committee

meetings are as Under:
4.8 heeefjeefceke meefceefle
De. efveosMeke kee veece

e.
16.09.10
i.
Customer Service Committee:
Sr.
No.
heo
efJeeere Je<e& 2009-10 nsleg

keee& efve<heeove mes mebyebefOele
esjCee jeefMe
DeOe#e Je eyebOe efveosMeke ` 6,00,000.00
` 4,00,000.00
4.9 veeceebkeve meefceefle

Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej efveJee&efele efveosMekeeW kes Gheege Deewj Gefele mlej
keer peebe kejves Deewj Gmes Devegceesefole kejves kes efueS meefceefle kee ie"ve efkeee ieee Lee. meefceefle ceW
4 iewj-keee&heeueke efveosMeke meome nQ. meefceefle keer yew"ke 07.09.2010 kees mebheVe ngF&. meefceefle
ves oesveeW efveJee&efele efveosMekeeW eje emlegle Iees<eCeeDeesb kees vees efkeee Deewj oesveeW kees Gheege Deewj
Gefele mlej eoeve efkeee.
4.9
Name
Designation
Performance Linked
Incentives for the FY
2009-10 (`)
01
Chairman and
Managing Director
` 6,00,000.00
02
Shri. M. G. Sanghvi
Executive Director
` 4,00,000.00
Nomination Committee:
In terms of RBI guidelines, the Committee was constituted to examine and
to accord fit and proper status in respect of the elected directors. The
Committee comprised of four non executive directors and met on 07.09.10
and noted the declarations filed by both the elected directors and accorded
fit and proper status to both of them.
The composition of Nomination Committee as on March 31, 2011 is as
under:

i.
eer Sme.Se. keesese
Je<e& kes oewjeve efvecveebefkele efveosMeke Gvekes veece kes meeceves efoKeeS ieS efoveebke mes meefceefle kes
meome veneR jns:
i.
29.10.2010
ii.
12.11.2010
iii. eer efeejbpeve heJeejer
22.01.2011
i.
Shri. S. H. Kocheta
During the year, following Directors ceased to be members of the

Committee on the dates shown against their names.
4.10 eeweesefiekeer meefceefle

efveosMeke ceb[ue keer efoveebke 12.11.2010 kees ngF& yew"ke ceW efoS ieS Devegceesove kes Devegmeej metevee
eeweesefiekeer ieJeveXme, efpemeceW mener metevee eeweesefiekeer jCeveerefle leLee meYeer jCeveerefleke metevee
eeweesefiekeer heefjeespeveeDeesb kes keeee&vJeeve keer efveiejeveer Meeefceue nw, kes meYeer henuegDeesb nsleg yees[&
keer eeweesefiekeer meefceefle kee ie"ve efkeee ieee Lee.
i.
DeOe#e
ii.
eer S.kes. hebef[le
meome
iii. [e@. Sme.et. osMeheeb[s
meome
i.
Ms. Kamala Rajan
29.10.2010
ii.
12.11.2010
iii.
22.01.2011
4.10 Technology Committee

As per approval accorded by the Board at its meeting held on 12.11.2010,
the Technology Committee of the Board was constituted in the Bank to
deal with all aspects of IT Governance including choosing the right IT
strategy and monitoring implementation of all strategic IT plans.
The composition of the Committee as on March 31, 2011 is as under:
46
i.
Shri. M. G. Sanghvi,
Chairman
ii.
Shri. A. K. Pandit,
Member
iii.
Dr. S. U. Deshpande,
Member
efveosMeke ceb[ue keer Fe Leer efke ees. Se ke=<Ceecetefle&, cegKe DevegmebOeeve Jew%eeefveke, Yeejleere
efJe%eeve mebmLeeve, yeQieuet kees meefceefle kee meome yeveeee peeS. leLeeefhe, eer cetefle& keer menceefle
Deevee yeekeer nw.
It was intended by the Board to co-opt Prof. H. Krishnamurthy, Principal

Research Scientist, Indian Institute of Science, Bangaluru, as a member of
the committee. However his consent is awaited.
The Committee met 2 times since its formation in the FY 2010-11 on
December 14, 2010 and February 02, 2011 and both the meetings were
attended by the above said three members.
Deheves ie"ve kes yeeo efJeeere Je<e& 2010-11 kes oewjeve eceMe: 14.12.2010 leLee
02.02.2011 kees meefceefle keer 2 yew"keW ngF& nQ Deewj Ghejese leerveeW meome Fve oesveeW yew"keeW ceW
GheefmLele jns nQ.
4.11 Deve meefceefleeeb
efJeefYeVe efJeefMe efJeYeeieeW keer keee&eCeeueer keer meceer#ee Deewj mebeeueveiele ceeie&oMe&ve nsleg
keee&heeuekeeW keer keg Deve meefceefleeeb pewmes Deeefmle oselee eyebOeve meefceefle, heefjmej meefceefle, Ge
DeefOekeej eehle metevee eeweesefiekeer meefceefle, eCeeueer SJeb efeeeefJeefOe meefceefle, efveJesMe meefceefle leLee
Ge eyebOeve meefceefle Fleeefo nQ.
4.11 Other Committees:

There are also other Committees of executives viz., Asset Liability
Management Committee (ALCO), Premises Committee, High Power IT
Committee, System & Procedure Committee, Investment Committee, Top
Management Committee for reviewing functioning in various specific areas
and giving operational directions.
A special Committee was constituted for overseeing the celebrations of the
Platinum Jubilee Year from 17th September 2009 to 16th September 2010.
The Committee comprising of the Chairman and Managing Director,
Executive Director, Directors Shri. A.K.Pandit, Dr. S.U.Deshpande along
with the General Managers met on 03.06.2010 and 16.07.2010 during the
year and gave the necessary guidance for the celabrations.
17.09.2009 mes 16.09.2010 leke huesefvece pegyeueer Je<e& kes DeeeespeveeW kee hee&Jes#eCe kejves kes
efueS Ske efJeMes<e meefceefle kee ie"ve efkeee ieee. DeOe#e Je eyebOe efveosMeke, keee&heeueke efveosMeke,
efveosMeke eer S. kes. hebef[le, efveosMeke [e@. Sme. et. osMeheeb[s leLee ceneeyebOekeeW keer meomelee Jeeueer
meefceefle keer Je<e& kes oewjeve 03.06.2010 leLee 16.07.2010 kees yew"keW ngF& leLee meceejesneW nsleg
DeeJeMeke efoMeeefveoxMe efoS ieS.
5.
5.
efveosMekeeW kee heeefjeefceke

yeQke kee DeefYeMeemeve yeQefkebie efJeefveeceve DeefOeefveece 1949, yeQefkebie kebheveerpe (GheeceeW kee
DeefOeienCe Deewj DeblejCe) DeefOeefveece 1970, Deewj jeêreke=le yeQke (eyebOeve Deewj efJeefJeOe
eeJeOeeve) eespevee 1970 kes DeOeerve neslee nw. DeOe#e Je eyebOe efveosMeke Deewj keee&heeueke efveosMeke
kee heeefjeefceke kesv mejkeej efveOee&efjle kejleer nw. yeQke iewj-keee&heeueke efveosMekeeW kees Yeejle
mejkeej eje efveOee&efjle efmeefbie Heerme Deewj JeemleefJeke ee$ee Kee& kes DeueeJee efkemeer ekeej kee
heeefjeefceke veneR oslee nw. efveosMeke ceb[ue keer eleske yew"ke kes efueS efmeefbie Heerme kes he ceW
` 5000/- leLee Ghe-meefceefle kes efueS ` 2500/- Deoe efkees ieS.
The Bank is governed by the Banking Regulations Act, 1949, Banking

Companies (Acquisition and Transfer of Undertakings) Act, 1970 and
Nationalized Banks (Management & Miscellaneous Provisions) Scheme,
1970. The remuneration of the Chairman and Managing Director and the
Executive Director is fixed by the Central Government. The Bank does not
pay any remuneration to the Non Executive Directors apart from sitting fees
as fixed by the Government of India and travel expenses, on actual basis.
Such sitting fee paid for each of the meeting of the Board of Directors is
` 5000/- and for sub-committees Rs 2500/-
Je<e& 2010-11 kes oewjeve iewj-keee&heeueke efveosMekeeW kees eoe kegue efmeefbie Heerme efvecveevegmeej nw:
(hetCe&keeefueke efveosMekeeW leLee Yeejle mejkeej kes eefleefveefOe efveosMeke Deewj Yeejleere efj]peJe& yeQke kee
eefleefveefOelJe kejves Jeeues DeeefOekeeefjke efveosMeke kees keesF& efmeefbie Heerme ose veneR nw. MesejOeejke
efveosMeke eer S.kes.hebef[le kees Gvekes efveo&sMeevegmeej yees[&/meefceefle keer yew"keeW kes efueS keesF& efmeefbie
Heerme Deoe veneR keer ieF&.
De. e.
1
2
3
4
5
6
7

[e@. [er.Sme. hesue
eer Sme.Se. keesese
eer Sme.[er. Oeveke
The total Sitting Fee paid to the Non-Executive Directors during the year
2010-11 is as under: (No sitting fee is payable to whole time directors and
director representing Government of India and Official Director representing
Reserve Bank of India). Shri A. K. Pandit, Shareholder Director was not
paid sitting fees for the Board / Committee meetings as per his
instructions.
eole jeefMe (` )
5000
90000
92500
102500
127500
172500
52500
Sr. No.
6. Deece meYeeSb
6.1 efheues leerve Je<e& kes oewjeve Deeeesefpele yeQke kes MesejOeejkeeW keer meJe&meeOeejCe yew"keeW kes efJeJejCe
efvecveevegmeej nQ:
ekeej Nature
heebeJeeR Jeeef<e&ke meeOeejCe
Deece meYee
Fifth Annual General
Meeting
"JeeR Jeeef<e&ke meeOeejCe

Deece meYee
efoveebke Je mecee Date & Time

9 petve, 2008 megyen 10.00 yepes
At 10.00 a.m. on 9th June 2008
15 pegueeF&, 2009 kees megyen 10.00 yepes

At 10.00 a.m. on 15th July 2009
Sixth Annual General

Meeting
meeleJeeR Jeeef<e&ke meeOeejCe

Deece meYee
9 pegueeF&, 2010 kees megyen 10.00 yepes

At 10.00 a.m. on 9th July 2010
Seventh Annual
General Meeting
DemeeOeejCe Deece meYee
23 ceee&, 2011 kees megyen 10.00 yepes
Extra Ordinary
General Meeting
At 10.00 a.m. on 23rd March

2011
Remuneration of Directors:
Amount Paid (`)
01
Shri S. K. Gogia
02
Shri T. Parameswara Rao
5000
03
Shri Chittaranjan Patwari
04
Dr. D. S. Patel
102500
05
Dr. S. U. Deshpande
127500
06
Shri S. H. Kocheta
172500
07
Shri S. D. Dhanak
52500
90000
92500
6.
General Body Meetings:
6.1
Details of General Body Meetings of shareholders held during the last

three years are given below: :
mLeeve Venue
Dehhee meensye peesie meYeeie=n, yeQke Dee@@He ceneje^, ueeskecebieue,
1501, efMeJeepeer veiej hegCes - 411005
GsMe Purpose
Je<e& 2007-2008 kes efueS uesKee hejeref#ele Jeeef<e&ke uesKeeW Deewj
heefjCeeceeW hej eee& kejvee
Appasaheb Joag Auditorium, Bank of Maharashtra,

Lokmangal, 1501, Shivajinagar Pune-411 005.
Adoption of audited Annual accounts and

declaration of dividend for the year 2007-08
Dehhee meensye peesie meYeeie=n, yeQke Dee@@He ceneje^, ueeskecebieue,1501

efMeJeepeer veiej hegCes - 411005



declaration of dividend for the year 2008-09




declaration of dividend for the year 2009-10.
efJeMes<e mebkeuhe eje Yeejle mejkeej kees ` 352.00 kejes[ kes

47
F&efkeJeer MesejeW kes DeefOeceeve Deeyebve kees Devegceesove
Approval of preferential allotment of equity

shares up to ` 352.00 crore to Government of
India by special resolution

6.2 meeOeejCe Deece meYee keer efkemeer Yeer yew"ke ceW keesF& efJeMes<e emleeJe heeefjle vener ngDee.
6.2
No special resolution was passed in any of the Annual General Meetings.
6.3 efJee ceb$eeuee, Yeejle mejkeej eje veeefcele eeefOeke=le eefleefveefOe meYeer meeOeejCe Deece meYeeDeesb
leLee DemeeOeejCe Deece meYeeDeesb ceW GheefmLele jne.
6.3
An authorized representative nominated by Ministry of Finance,

Government of India, attended all the Annual and Extraordinary General
Meetings.
7.
7.
Disclosures:
7.1 meeceeve yeQefkebie kes oewjeve nesves Jeeues JeJenejeW kees es[kej yeQke kes eJele&keeW/efveosMekeeW, eyebOeve,
yeQke keer meneeke kebheefveeeW, DeLeJee efjMlesoejeW Fleeefo kes meeLe Ssmee keesF& GuuesKeveere mebye
mebJeJenej veneR Lee efpemekee yeQke kes efnleeW mes keesF& eYeeJeer ele#e mebIe<e& ngDee nes.
7.1
Other than those in the normal course of banking business, the Bank has
not entered into any materially significant transactions with its Promoters /
Directors, Management, their subsidiaries, or relatives, etc. that may have
potential conflict with the interests of the Bank at large.
7.2 meceer#eeOeerve Je<e& kes oewjeve yeQke ves mesyeer kes efoveebke 29 Deetyej, 2004 kes Gvekes heefjhe$e eceebke
mesyeer/meerSHe[er/ [erDeeF&Sue/meerpeer/1/2004/12/10 Deewj yeeo ceW efoveebke 13 peveJejer, 2006 kes
Gvekes heefjhe$e eceebke mesyeer/ meerSHe[er/[erDeeF&Sue/meerpeer/1/2006/13 leLee 16 efomebyej 2010 kes
heefj/meerSHe[er/ [erDeeF&Sue/10/2010 eje mebMeesefOele leLee efueefmbie mecePeewles kes mebMeesefOele Keb[
49 ceW GheueyOe meYeer DeefveJeee& DeeJeMekeleeDeesb kee heeueve Gme meercee leke efkeee nw, peneb leke es
Gve keevetveeW Deewj mebyebefOele efJeefveeceve eeefOekeeefjeeW eje peejer efveoxMeeW Deewj efoMeeefveoxMeeW kee
GuuebIeve ve kejW, efpevekes Debleie&le yeQke kee ie"ve efkeee ieee nw.
7.2
During the year under review, the Bank has complied with all mandatory
requirements, to the extent applicable, as provided in the revised Clause
49 of the Listing Agreement, as advised by SEBI vide its circular SEBI /
CFD / DIL / CG / 1 / 2004/12/10 dated 29th October 2004 and later
amended vide its circulars SEBI / CFD / DIL / CG / 1 / 2006 / 13 dated 13th
January, 2006 and Cir/CFD/DIL/10/2010 dated 16th December 2010, to
the extent they do not violate the status under which the bank is constituted
and guidelines or directives issued by the relevant regulatory authorities.
7.3 meceer#eeOeerve Je<e& kes oewjeve yeQke ves hetbpeer yeepeej mes mebyebefOele DeeJeMekeleeDeesb kees hetje efkeee.
efJeefveeeceke eeefOekeeefjeeW eLee mesyeer, me@ke SkemeeWpe ee efkemeer Deve mebJewOeeefveke eeefOekeejer
eje keevetve, efoMeeefveoxMe Deewj efveoxMe ee hetbpeer yeepeej mes mebyebefOele efkemeer ceeceues kee GuuebIeve
kejves kes efueS yeQke hej keesF& ob[ ee eefleyebOe veneR ueieeee ieee.
7.3
During the year under review, the Bank has complied with all requirements
regarding capital market related matters. No penalties were imposed nor
strictures were passed against the Bank by Regulatory authorities, viz.
SEBI, Stock Exchanges or any other statutory authorities for noncompliance of any law, guidelines and directives or any matter related to
Capital Market.
7.4 eyebOeve eee& Deewj efJeMues<eCe Yeer efveosMekeeW keer efjhees& kes Debie nw.
7.4
The Management Discussion and Analysis forms part of the Board of

Directors Report.
7.5 efueefmbie mecePeewles kes Keb[ 49 kee Devegheeueve
7.5
Compliance with Clause 49 of the Listing Agreement
ekeve
yeQke ves efpeme meercee leke ueeiet nw, Gme meercee leke Keb[ 49 keer DeefveJeee& DeeJeMekeleeDeesb kee
Devegheeueve efkeee nw Deewj iewj-DeefveJeee& DeeJeMekeleeDeesb kee heeueve kejves nsleg keoce G"eS.
8.
The Bank has complied with all the mandatory requirements of Clause 49
to the extent applicable and has also taken steps to comply with other non
mandatory requirements.
mebes<eCe kes meeOeve
8.
yeQke kes efleceener, DeOe&-Jeeef<e&ke Deewj Jeeef<e&ke efJeeere heefjCeeceeW kees efveosMeke ceb[ue eje efJeefOeJele
Devegceesefole efkeee peelee nw leLee Debiespeer ceW kece mes kece Ske jeêre owefveke leLee ceje"er ceW Ske
mLeeveere owefveke ceW ekeeefMele efkeee peelee nw. heefjCeeceeW kees yeQke keer JesyemeeF&
www.bankofmaharashtra.in hej Yeer GheueyOe efkeee peelee nw.
The quarterly, half yearly and annual financial results of the Bank are duly
approved by the Board and published in at least one national Daily in
English and one local daily in Marathi. The results are simultaneously
displayed on the Banks website www.bankofmaharashtra.in
During the year, quarterly /half yearly /annual results of the Bank were
published in the following newspapers.
Je<e& kes oewjeve yeQke kes efleceener/DeOe&-Jeeef<e&ke/Jeeef<e&ke heefjCeeceeW kees efvecveefueefKele meceeeej he$eesb ceW
ekeeefMele efkeee ieee.
DeJeefOe
owefveke kee veece

ceje"er
9.
Means of Communication:
Period Ended
ekeeMeve kee efoveebke
Name of the daily

Marathi
English
June 2010
Pudhari
Business Standard
Debiespeer
Date of publication
petve 2010
heg{ejer
efyepevesme mwv[[&
efmelebyej 2010
mekeeU
efyepevesme ueeF&ve
23.10.10/24.10.10
September 2010
Sakal
Business Line
23.10.10 / 24.10.10
efomebyej 2010
ueeskemeee
efyepevesme mwv[[&
22.01.11/22.01.11
December 2010
Loksatta
Business Standard
22.01.11 / 22.01.11
ceee& 2011
heg{ejer
Fbef[eve Skemeesme
01.05.11/ 01.05.11
March 2011
Pudhari
Indian Express
01.05.11 / 01.05.11
31.7.10/30.7.10
MesejOeejkeeW kee yeewje:
9.1 me@ke SkemeespeeW hej meteeryeOo MesejeW kes yeesjs:
9.
Shareholder Information:
9.1
Details of listing of shares on Stock Exchanges:
31.07.10 / 30.07.10
The Banks shares are listed on The Bombay Stock Exchange Ltd. (BSE)
and National Stock Exchange of India Limited (NSE) since 12.04.2004.
The scrip codes are as under:
cegbyeF& me@ke SkemeeWpe (yeerSmeF&) Deewj vesMeveue me@ke SkemeeWpe Dee@@He Fbef[ee efue. (SveSmeF&) ceW
yeQke kes Mesej 12.04.2004 mes meteerye efkees iees nQ. efmehe kees[ efvecveevegmeej nQ yeerSmeF&
532525
BSE
532525
SveSmeF&
ceneyeQke - F&keet
NSE
MAHABANK - EQ
Ge me@ke SkemeeWpeeW kees Je<e& 2010-11 nsleg Jeeef<e&ke meteeryelee Meguke kee Yegieleeve efkeee pee
egkee nw.
The annual listing fee for the year 2010-11 has been paid to the Stock
Exchanges.
48
9.2 Dee"JeeR Jeeef<e&ke meeOeejCe Deece meYee kes efJeJejCe:

uesKeeW Je ueeYeebMe hej efJeeej nsleg
efveosMeke ceb[ue keer yew"ke
Dee"JeeR Jeeef<e&ke meeOeejCe Deece
meYee kee mLeeve, efoveebke Deewj
mecee
Jeeef<e&ke efjhees& kee es<eCe
yeefneeW kes yebo nesves kee efoveebke
ueeYeebMe Yegieleeve kee efoveebke
9.2
Particulars of the Eighth Annual General Meeting:
30 Deewue,2011
Board Meeting for onsidering

Accounts and Dividend
30th April 2011
meesceJeej efoveebke 27 petve 2011 kees megyen 11.30

yepes, yeQke Dee@@He ceneje^, Dehheemeensye peesie meYeeie=n,
ueeskecebieue, 1501, efMeJeepeerveiej, hegCes 411 005
2 petve,2011
18 petve 2011 mes 27 petve 2011 leke (oesveeW efove
Meeefceue)
26 pegueeF& 2011
Date, Time and Venue of

Eighth AGM.
At 11.30 a.m. on Monday, the 27th June

2011 at Appasaheb Joag Auditorium,
Bank of Maharashtra, Lokmangal, 1501,
Shivajinagar Pune-411 005.
Posting of Annual Report
2nd June 2011
Dates of Book Closure
18th June 2011 to 27th June 2011

(both days inclusive)
Date of payment of dividend
26th July 2011
9.3
9.3 efJeeere kewueW[j (Devebeflece)

kees meceehle DeJeefOe kes efueS efleceener
efJeeere heefjCeeceeW kee Devegceesove
30 petve, 2011
30 efmelebyej, 2011
31 efomebyej, 2011
31 ceee&, 2012
Devebeflece mecee
Approval of Quarterly Results

for period ending
Tentative Time
14 Deiemle 2011 mes hetJe&

14 veJebyej 2011 mes hetJe&
14 HejJejer 2012 mes hetJe&
uesKee hejeref#ele Jeeef<e&ke heefjCeece Deewue/ceF& 2012
30th June 2011
Before 14th August 2011
30th September 2011
Before 14th November 2011
31st December 2011
Before 14th February 2012
31st March 2012
Audited Annual Results before

April / May 2012
9.4
9.4 Mesej DeblejCe eCeeueer Deewj efveJesMeke SJeb MesejOeejkeeW kees meneelee
Share Transfer System and assistance to the Investors and Shareholders:

Share transfer and all other investor related matters are attended to and
processed at the office of the Banks Registrar and Transfer Agents (RTA),
M/s. MCS Limited, Mumbai. The shareholders, who hold their shares in
physical forms, may lodge their transfer deeds and any other documents,
grievances and complaints to the RTA or alternatively to Investor Services
Department of the Bank at the following addresses:
cesmeme& ScemeerSme efue., cegbyeF&, jefpemêj SJeb êvmHej SpeW (RTA) keeee&uee ceW Mesej DeblejCe
Deewj Deve meYeer efveJesMeke mebyebOeer ceeceueeW keer osKejsKe Deewj keee&Jeeefneeb keer peeleer nQ.
MesejOeejke, pees Deheves Mesej Yeewefleke he ceW jKeles nQ, Jes Gvekes DeblejCe efJeuesKe Deewj Deve
keeiepeele, efMekeeeleW SJeced DemegefJeOeeDeesb kees jefpemêj SJeb êvmeHej SpeW kees DeLeJee efvecveefueefKele
heleeW hej yeQke kes efveJesMeke mesJeeSb efJeYeeie ceW ope& keje mekeles nQ :
jefpemêj SJeb êvmHej SpeW
ScemeerSme efueefces[,
(ke#e : yeQke Dee@@He ceneje^) DeeefHeme
eceebke 21/22, Yetleue, keeefMejece
peceveeoeme efyeefu[bie, 5, heer ef[cesuees
jes[ (Ieef[eeue ieesoer), ceefmpeo (het)
cegbyeF& - 400009.
sueerHeesve 022-2372 6253-56
Hewkeme 022-2372-6252
F&-cesue: mcspanvel@yahoo.co.in
Financial Calendar (Tentative):
efveJesMeke mesJeeSb efJeYeeie

yeQke Dee@@He ceneje^, efveJesMeke mesJeeSb efJeYeeie
ueeskecebieue, 1501, efMeJeepeerveiej
hegCes - 411 005
Heesve : (020) 2551 1360
Hewkeme: (020) 2553 3246
F&cesue: investor_services@
mahabank.co.in
9.5
9.5 Fueskeê@efveke meceeMeesOeve mesJee (FmeerSme)
Registrar & Transfer Agent:
Investor Services Department:
MCS Limited,
(Unit: Bank of Maharashtra)
Office No. 21/22, Ground Floor,
Kashiram Jamnadas Bldg, 5, P.D
Mello Road, (Ghadiyal Godi),
Masjid (E) Mumbai 400 009.
Tel: (022) 2372 6253-56 Fax:(022)
2372 6252
e-mail: mcspanvel@yahoo.co.in
Bank of Maharashtra, Investor

services Department
Lokmangal 1501, Shivajinagar
Pune 411 005
Tel: (020)2551 1360 Fax
(020)2553 3246
e-mail: investor_services@mahabank.co.in
Electronic Clearing Services (ECS):

ECS is a novel method of payment of dividend/interest etc. where the amount
due to investor can be directly credited to his/ her Bank account. The Bank
offers this service to its shareholders with an option to avail the facility at the
following forty three centers, where ECS credit Clearing System is operative.
FmeerSme ueeYeebMe/yeepe Fleeefo kee Yegieleeve kejves kee DeveesKee lejerkee nw, efpemekes Debleie&le
efveJesMeke kees ose jeefMe meerOes Gmekes yeQke Keeles ceW pecee kej oer peeleer nw. yeQke Deheves MesejOeejkeeW
kees en megefJeOee uesves kee efJekeuhe efvecveefueefKele 43 keWesb hej GheueyOe kejlee nw, peneb FmeerSme
pecee meceeMeesOeve eCeeueer keee&jle nw.
Agra, Ahmedabad, Amritsar, Aurangabad, Baroda, Bengaluru,

Bhubaneshwar, Bhopal, Chandigarh, Coimbatore, Chennai, Dehradun,
Guwahati, Gwalior, Hyderabad, Indore, Jaipur, Jallandhar, Jamnagar,
Jammu, Kanpur, Kolhapur, Kolkata, Lucknow, Ludhiana, Madurai,
Mangalore, Mumbai, Nagpur, Nasik, New Delhi, Panaji, Patna, Pune, Rajkot,
Raipur, Solapur, Surat, Thiruvananthpuram, Tirupur, Udupi, Vijayawada,
Vaizag.
Deeieje, Denceoeyeeo, Dece=lemej, Deewjbieeyeeo, ye[ewoe, yeWieuetj, YegJevesej, Yeesheeue, eb[erie{,

keesecyeletj, keesuekeelee, esVew, osnjeotve, iegJeeneer, iJeeefueej, nwojeyeeo, Fvoewj, peehegj,
peeuebOej, peeceveiej, peccet, keevehegj, keesunehegj, ueKeveT, uegefOeeevee, ceogjw, ceWieueesj, cegbyeF&,
veeiehegj, veeefmeke, veF& efouueer, heCepeer, hevee, hegCes, jepekees, jeehegj, meesueehegj, metjle,
efleJevevlehegjce, ef$ehegj, G[heer, efJepeeJee[e, efJepesie.
The Shareholders residing at any of the above centers may avail of this facility
by filling in the ECS mandate form. The form is enclosed with the Annual
Report, which may be sent to the Registrars & Transfer Agent in case of
shares held in physical mode and to the respective Depository Participants
(DPs) in respect of the shares held in dematerialized mode. The option to
receive dividend through ECS may be discontinued at any time, at the
instance of the shareholder.
Ghee&ge efkemeer Yeer keW hej efveJeeme kejves Jeeues MesejOeejke FmeerSme DeefOeosMe Heece& kees Yejkej
Fme megefJeOee kee ueeYe G"e mekeles nQ. en Heece& Jeeef<e&ke efjhees& kes meeLe mebueive nw. eefo Mesej
Yeewefleke eehe ceW nw lees Fme Heece& kees jefpemêj Deewj DeblejCe Spesv kes heeme YespeW Deewj eefo
Mesej [ercew eehe ceW jKes ieS nQ lees en Heece& mebyebefOele ef[hee@efpejer heeef&efmehesv ([erheer) kees Yespee
peeS. FmeerSme kes ceeOece mes ueeYeebMe eehle kejves kes efJekeuhe kees MesejOeejke Deheveer Fe mes
keYeer Yeer yebo kej mekelee nw.
9.6
9.6 Deoe ueeYeebMe

efJeeere Je<e& 2003-04, 2004-05 ,2005-06 2006-07, 2007-08, 2008-09 leLee 2009-10
kes efueS ueeYeebMe Jeejb kee vekeoerkejCe veneR kejves Jeeues MesejOeejke ueeYeebMe JeejbeW kes hegveJexOeerkejCe
leLee DeeJeMeke meneelee kes efueS jefpemêj/yeQke mes Ge heles hej mebheke& kej mekeles nQ.
Unpaid Dividends:
The Shareholders who have not encashed the dividend warrants for the
financial years 2003-04, 2004-05, 2005-06, 2006-07, 2007-08, 2008-09 &
2009-10 may contact the Registrar / Bank on the above address for
revalidation of the warrants and for necessary assistance.
49

9.7 MesejeW kee [ercesefjDeueeF&pesMeve
9.7
yeQke kes MesejeW kee DeefveJeee& he mes [er-cew mJehe ceW ner ee-efJeee neslee nw. yeQke kes MesejeW
kes [er-cewerkejCe kes efueS yeQke ves oesveeW ef[hee@efpeefjeeW - vewMeveue efmekeegefjerpe ef[hee@efpejerpe efue.
(NSDL) leLee meWûe ef[hee@efpejer meefJe&mesme (Fbef[ee) equeefces[. (CDSL) kes meeLe mecePeewles
efkeS nQ. yeQke kes FefkeJeer MesejeW kees Deeyebefle DeeF&SmeDeeF&Sve kees[ INE457A01014 nw. Je<e&
2010-11 kes efueS Jeeef<e&ke DeefYej#ee Meguke mesyeer efoMeeefveoxMeeW kes Devegmeej ef[heeefpejer kees
Yegieleeve kej efoee ieee nw.
Shares of the Bank are traded compulsorily in Demat form only. The Bank has
entered into agreements with both the Depositories viz. National Securities
Depositories Limited (NSDL) and Central Depository Services (India) Limited
(CDSL) for dematerialization of the Banks shares. The ISIN code allotted to
the Banks Equity Shares is INE457A01014. The Annual Custody fees for the
year 2010-11 have been paid to the depositories as per SEBI guidelines.
Particulars of shares held by the shareholders as on 31st March 2011 are as
under:
31.3.2011 kees MesejOeejkeeW eje Oeeefjle MesejeW kes efJeJejCe efvecveevegmeej nw :

mebJeie&
Yeewefleke he ceW *
[ercew ceW
ke. SveSme[erSue
Ke. meer[erSmeSue **
kegue
MesejOeejkeeW keer mebKee

MesejOeejkeeW keer mebKee
MesejOeejkeeW
eefleMele MesejOeejkeeW keer
eefleMele
keer mebKee
mebKee
52,777
28.26
5,83,58,913
12.11
98,620
35,333
52.82
18.92
8,16,05,452
34,17,48,188
16.94
70.95
1,86,730
100.00
48,17,12,553
100.00
No. of shareholders
9.8
MesejOeejkeeW
kegue kee % MesejeW keer mebKee
keer mebKee
500 leke
1,74,954
93.69
2,27,98,016
501-1000
7,035
3.77
57,46,006
1001-2000
2,811
1.51
42,19,751
2001-3000
686
0.37
17,64,588
3001-4000
277
0.15
9,96,609
4001-5000
235
0.12
11,09,814
5001-10000
374
0.20
27,90,316
358
0.19
44,22,87,453
10000* mes Thej
kegue
1,86,730
100.00
48,17,12,553
(* Yeejle mejkeej eje Oeeefjle 38,17,12,553 MesejeW kee meceeJesMe nw)
52,777
Percentage
Percentage
28.26
5,83,58,913
12.11
98,620
35,333
52.82
18.92
8,16,05,452
34,17,48,188
16.94
70.95
1,86,730
100.00
48,17,12,553
100.00
Market Price data / price performance of Banks Shares:

(Market Price data in Rupees and Volume in number of Shares):
cee$ee Volume
Ge High
SveSmeF& NSE
vetve Low
cee$ee Volume
38,92,646
57.95
49.00
85,18,254
18,048
34,93,550
58.35
52.00
83,41,513
17,537
15,960
1,32,46,614
64.40
56.25
271,17,192
17,920
16,318
52,34,042
66.40
57.00
140,89,864
18,238
17,396
62,11,716
74.40
63.55
148,42,261
18,475
17,820
43,25,434
74.25
58.00
137,59,345
20,268
18,027
meWmeskeme SENSEX
Ge High
vetve Low
17,277
92,40,097
85.00
70.00
238,60,061
20,855
19,769
36,97,722
81.75
63.50
99,93,845
21,109
18,955
28,53,601
75.20
59.70
72,34,543
20,552
19,075
14,30,288
69.90
49.50
38,23,633
20,665
18,038
20,87,309
66.00
51.50
56,86,962
18,691
17,296
33,39,183
65.00
53.30
77,81,463
19,575
17,792
31.3.2011
10/6.96
*20
49.18
29.16
Per Share Data:

Particulars
Face Value (` )
EPS (` )
Dividend (%)
9.10 MesejOeeefjlee efJelejCe Devegmeteer

31.03.2011 kees MesejOeeefjlee kee efJelejCe efvecveevegmeej nw:
MesejeW keer mebKee
Physical *
No. of shares
Number of
shares
(* includes 5,11,92,553 shares held by the Government of India)

(** Including 33,05,20,000 shares held by the Government of India)
9.9
31.3.2010
10/10.21
20
49.11
19.59
Number of
shareholders
Grand Total
9.9 eefle Mesej [ee

efJeJejCe
Debefkele cetue (` )
eefle Mesej Deee (` )
ueeYeebMe (%)
yener cetue (` )
efveJeue ueeYe kes eefleMele kes he ceW Deoe efkeee ieee
ueeYeebMe (ueeYeebMe kej kees es[kej)
* MesejOeejkeeW kes Devegceesove kes DeOeerve
Category
Demat:
NSDL
CDSL**
(* Yeejle mejkeej eje Oeeefjle 5,11,92,553 MesejeW meefnle)

(** Yeejle mejkeej eje Oeeefjle 33,05,20,000 MesejeW meefnle)
9.8 yeQke kes MesejeW kee yeepeej cetue [ee/yeepeej cetue efve<heeove
(yeepeej YeeJe [ee heS ceW leLee cee$ee MesejeW keer mebKee ceW)
ceen Month
yeerSmeF& BSE
Ge High
vetve Low
58.20
49.40
Deewue April, 10
58.50
51.80
ceF& May
64.30
56.35
petve June
66.45
57.10
pegueeF& July
74.50
63.85
Deiemle August
77.00
67.30
efmelebyej September
84.95
70.45
Deetyej October
81.90
63.55
veJebyej November
75.25
59.60
efomebyej December
69.00
56.65
peveJejer January,11
63.85
51.60
HejJejer February
61.65
53.45
ceee& March
Dematerialisation of shares:
31.3.2010
10/10.21
31.3.2011
10/6.96
20
*20
Book Value (` )
49.11
49.18
Dividend Pay out (excluding dividend

tax) as % of net profit
*Subject to approval of Share Holders
19.59
29.16
9.10 Distribution of shareholding:

The distribution of shareholding, as on 31.3.2011 is as under:
kegue kee %
No. of Shares
No. of
% to total No. of shares
% to total
Shareholders
Up to 500
1,74,954
93.69
2,27,98,016
4.73
501 -1000
7,035
3.77
57,46,006
1.19
1001-2000
2,811
1.51
42,19,751
0.88
2001-3000
686
0.37
17,64,588
0.37
3001-4000
277
0.15
9,96,609
0.20
4001-5000
235
0.12
11,09,814
0.23
5001-10000
374
0.20
27,90,316
0.58
Above 10000*
358
0.19 44,22,87,453
91.82
Total
1,86,730
100.00 48,17,12,553
100.00
[* Includes 38,17,12,553 shares held by the Government of India ]
4.73
1.19
0.88
0.37
0.20
0.23
0.58
91.82
100.00
50
9.11 Shareholding Pattern:
9.11 MesejOeeefjlee mJehe

efoveebke 31.03.2011 leLee 31.03.2010 kees yeQke kes MesejeW kee MesejOeeefjlee mJehe
efvecveevegmeej jne :
esCeer
Yeejle mejkeej
The shareholding pattern of the Banks shares as on 31.3.2011 and

31.03.2010 was as under:
As on 31.03.2011
31.03.2011 kees
31.3.2010 kees
Oeeefjle MesejeW kegue Mesej Oeeefjle MesejeW kegue Mesej
keer mebKee OeejCe mes %
keer mebKee OeejCe mes %
38,17,12,553
79.24 33,05,20,000
76.77
yeQke, efJeeere mebmLeeve Deewj

yeercee kebheefveeeb
4,11,99,526
cegegDeue Heb[
11,98,880
efJeosMeer mebmLeeiele efveJesMeke,
DeefveJeemeer Yeejleere Deewj efJeosMeer
efveieefcele efvekeee
55,50,316
Iejsuet kebheefveeeb
73,95,076
Yeejleere pevelee/efveJeemeer Jeefe 4,46,56,202
pees[
48,17,12,553
8.55
0.25
3,88,32,803
17,29,587
9.02
0.40
1.15
95,90,128
1.54
59,53,935
9.27 4,38,93,547
100.00 43,05,20,000
2.23
1.38
10.20
100.00
Category of
shareholder
As on 31.03.2010
No. of shares % to total No. of shares

held
holding
held
Govt. of India
Banks/Financial
Institutions/ Insurance
Companies
Mutual Funds/ UTI
FIIs, NRIs and OCBs
Domestic Companies
Indian Public /
Resident individuals
Total
% to total
holding
38,17,12,553
79.24
33,05,20,000
76.77
4,11,99,526
11,98,880
55,50,316
73,95,076
8.55
0.25
1.15
1.54
3,88,32,803
17,29,587
95,90,128
59,53,935
9.02
0.40
2.23
1.38
4,46,56,202
48,17,12,553
9.27
100.00
4,38,93,547
43,05,20,000
10.20
100.00
9.12 Allotment of equity shares to Government of India on preferential

allotment basis
9.12 Yeejle mejkeej kees DeefOeceeve DeeOeej hej F&efkeJeer MesejeW kee Deeyebve
yeQke kes MesejOeejkeeW keer efoveebke 23.03.2011 kees ngF& DemeeOeejCe Deece meYee ceW efJeMes<e mebkeuhe
kees Devegceesefole kejles ngS ` 10/- kes 5,11,92,553 Mesej ` 58.76/- kes eerefceece hej kegue
` 351,99,99,944/- kes efueS DeefOeceeveer DeeOeej hej ceee& 2011 ceW Yeejle mejkeej kees peejer SJeb
Deeyebefle efkeS ieS.
As approved by Special Resolution in the Extraordinary General Meeting of

the Shareholders of the Bank, held on 23rd March 2011, 5,11,92,553
equity shares of ` 10/- each for cash at a premium of ` 58.76 per share
aggregating ` 351,99,99,944/- were issued and allotted to the Government
of India, on preferential allotment basis in March 2011.
9.13 yesefceeeoer mebeeer DeefOeceeveer Mesej (heerSvemeerheerSme) kes he ceW Yeejle mejkeej mes hetbpeer
meneelee
9.13 Capital support from Government of India in the form Perpetual NonCumulative Preference Shares (PNCPs)
yeQke ves yesefceeeoer mebeeer DeefOeceeveer Mesej (heerSvemeerheerSme) kes he ceW ` 588.00 kejes[ keer hetbpeer
meneelee eehle keer. ` 10.00 ueeKe eefle Mesej keer oj mes 5880 heerSvemeerheerSme Deiemle 2010
ceW Yeejle mejkeej kees peejer SJeb Deeyebefle efkeS ieS.
The Bank has also received a capital support of ` 588.00 crore in the form
of Perpetual Non-cumulative Preference Shares (PNCPs). 5880 PNCPS of
` 10.00 lakh each were issued and allotted to the Government of India in
August 2010.
10. efJeeere Je<e& 2010-11 kes oewjeve efveege efveosMekeeW keer eesHeeFue
10
10.1 eer Sme. [er. Oeveke
10.1 Shri S. D. Dhanak
veece
helee
eer Sme. [er. Oeveke

huee@ eb. 17 meeleYeeF& veiej pesue jes[, omeke veeefmeke jes[ 422
101 efpeuee veeefmeke
pevce efoveebke
04.08.1955
Deeeg
55 Je<e&
Mew#eefCeke eesielee
Sme.Sme.meer
efveosMeke kes he ceW efveegefe yeQefkebie kebheveer]pe (GheeceeW kee DeefOeienCe Deewj DeblejCe)
kee ekeej
DeefOeefveece 1970 keer Oeeje 9(3)(F&) kes DeOeerve keW mejkeej
eje 21.07.2010 mes leerve Je<e& keer DeJeefOe kes efueS ee Deeieeceer
DeeosMeeW leke pees Yeer henues nes kece&keej kece&eejer efveosMeke kes
he ceW efveege jnWies.
DevegYeJe
yeQke ceW 33 Je<e&
Deve kebheefveeeW ceW Oeeefjle Metve
efveosMeke ee meefceefle heo
yeQke Dee@@He ceneje^ ceW 200
Oeeefjle MesejeW keer mebKee
pevce efoveebke
Deeeg
efveosMeke kes he ceW efveegefe
kee ekeej
Name
Shri S. D. Dhanak
Address
Plot no. 17, Satbhai Nagar, Jail Road, Dasak,

Nasik Road 422 101, Dist. Nasik
Date of Birth
04.08.1955
Age
55 years
Qualifications
S.S.C.
Nature of appointment as Appointed as a Workmen Employee Director w.e.f.

Director
21.07.2010 by the Central Government u/s 9 (3) (e)
of Undertakings) Act, 1970, for a period three years
or until further orders, whichever is earlier.
Experience
33 years in the Bank
Directorship or
Committee Positions
held in other Companies
Nil
No. of shares held in

Bank of Maharashtra
200
10.2 Ms. Kamala Rajan
10.2 megeer keceuee jepeve

veece
helee
Prole of Directors appointed during the Financial year 2010-11

Yeejleere efj]peJe& yeQke
ke=ef<e yeQefkebie ceneefJeeeuee, egefveJeefme&er jes[
hegCes - 411 016
15.02.1954
57 Je<e&
Sce. S.
yeQefkebie kebheveer]pe (GheeceeW kee DeefOeienCe Deewj DeblejCe)
DeefOeefveece 1970/80 keer Oeeje 9(3)(meer) kes DeOeerve keW
mejkeej eje 30.07.2010 mes Deieues DeeosMeeW leke efveosMeke
kes he ceW veeefcele.
51
Name
Ms. Kamala Rajan
Address
Reserve Bank of India

College of Agricultural Banking, University Road,
Pune - 411 016
Date of Birth
15.02.1954
Age
57 years
Qualifications
M.A.
Nature of appointment
as Director
Nominated as a Director w.e.f. 30.07.2010

by the Central Government u/s 9 (3) (c) of the
Banking Companies (Acquisition and Transfer
of Undertakings) Act, 1970/1980 to hold the post
until further orders.

DevegYeJe
Deve kebheefveeeW ceW Oeeefjle

yeQke Dee@@He ceneje^ ceW Oeeefjle
MesejeW keer mebKee
Experience
megeer jepeve Yeejleere efjpeJe& yeQke kes cegbyeF&,ewVeF&,keesuekelee

leLee veF& efouueer keeee&ueeeW ceW yeQefkebie, hee&Jes#eCe Je
efJeefveeeceke efJeYeeieeW ceW efJeefYeVe heoeW hej jneR. pegueeF& 2009
ceW Deehe cegKe ceneeyebOeke leLee ke=ef<e yeQefkebie ceneefJeeeuee,
hegCes keer eOeeveeeee& yeveeR. Deehe Yee.efj.yeQke kes Menjer yeQke
efJeYeeie leLee ieeceerCe Deeeespevee Je $e+Ce efJeYeeie kes veerefle
efveOee&jke Je heefjeeueve #es$eesb ceW eceMe: Ske oMeke leke
keee&jle jner nQ. Deehe Yeejleere efj]peJe& yeQke kes efJeeere
meceeJesMeve leLee meeefnefleke eeemeeW ceW meefee jner nQ.
Metve
Directorship or
Committee Positions
held in other
Companies
Bank of Maharashtra
Metve
10.3 eer S. Sme. Yeeeee&

veece
helee
eer S. Sme. Yeeeee&

yeQke Dee@@He ceneje^
kesvere keeee&uee ueeskecebieue, 1501, efMeJeepeer veiej, hegCes
- 411 005
pevce efoveebke
03.01.1952
Deeeg
59 Je<e&
yeer Sme meer (ke=ef<e) Dee@@veme&
efveosMeke kes he ceW efveegefe kee yeQefkebie kebheveer]pe (GheeceeW kee DeefOeienCe Deewj DeblejCe)
ekeej
DeefOeefveece 1970/80 keer Oeeje 9(3)(S) kes DeOeerve keW
mejkeej eje 01.10.2010 mes DeefOeJeef<e&lee keer efoveebke
DeLee&le 31.01.2012 leke ee Deieues DeeosMeeW leke pees Yeer
henues nes yeQke kes DeOe#e Je eyebOe efveosMeke kes he ceW
efveege.
DevegYeJe
GvneWves Dehevee kewefjej Je<e& 1971 ceW egveeFs[ yeQke
Dee@@He Fbef[ee ceW Ske eefMe#eg DeefOekeejer kes he ceW Meg efkeee
peneb efJeefYevve mebefJeYeeieeW kee eyebOeve kejles ngS GvneWves 37 Je<e&
iegpeejs. ceneeyebOeke kes he ceW GvneWves ceeveJe mebmeeOeve,
meeceeve eMeemeve, eeLeefcekelee #es$e, metevee eeweesefiekeer, yees[&
Deewj mecevJee Fleeefo cenlJehetCe& efJeYeeieeW kee eyebOeve efkeee.
Dekeletyej, 2008 ceW eer Yeeeee& ves keee&heeueke efveosMeke kes
he ceW Fbef[eve yeQke ceW keee& ienCe efkeee. GvneWves pegueeF&,
2009 mes Fbef[eve yeQke keer meneeke kebheefveeeW eLee Fb[ yeQke,
cees yeQefkebie meefJe&mespe efueefces[, Fb[ Heb[ cewvespeceW efueefces[
Deewj Fb[ yeQke neGefmebie efueefces[ kes DeOe#e kee Yeer heoYeej
mebYeeuee. eer Yeeeee& Yeejle ceW Deewj efJeosMeeW ceW keF& yeQefkebie
meccesueveeW Deewj mebieesefeeW ceW meefee he mes menYeeieer jns.
GvneWves yeosve, Dee@@efmêe ceW Deblej&e<êre yeQkej mecej mketue ceW
leLee Yeejleere eyebOeve mebmLeeve (DeeF&DeeF&Sce) keesuekeelee kes
S[efceefvem^sefJe meHe keeuespe Dee@@He Fbef[ee, je<êre yeQke
eyebOeve mebmLeeve, hegCes leLee Yeejleere efj]peJe& yeQke eje
Deeeesefpele keee&MeeueeDeesb Deewj eefMe#eCe keee&eceeW ceW Yeeie
efueee. Jes Deceeve, pee@[&ve ceW 22 petve mes 25 petve 2009 leke
(efJeMJe yeQke eje) ke=ef<e yeQkeeW Deewj ieeceerCe met#ce efJee hej
Deeeesefpele #es$eere meccesueve ceW Jekelee kes he ceW GheefmLele Les.
Deve kebheefveeeW ceW Oeeefjle Metve
yeQke Dee@@He ceneje^ ceW Oeeefjle Metve
MesejeW keer mebKee
Ms. Rajan was posted in various capacities in the

banking, supervisory and regulatory departments
in the Mumbai, Chennai, Kolkatta and New Delhi
offices of the Reserve Bank of India before taking
charge as Chief General Manager & Principal of
the College of Agricultural Banking, Pune in July
2009. She has been involved in policy making and
operational areas of the Urban Banks Department
and the Rural Planning and Credit Department of
the RBI for more than a decade each. She has also
been actively involved in the financial inclusion and
literacy efforts of the Reserve Bank of India.
Nil
Nil
10.3 Shri A. S. Bhattacharya

Name
Address
Shri A.S. Bhattacharya

Bank of Maharashtra
C.O., Lokmangal, 1501, Shivajinagar,
Pune - 411005
Date of Birth
03.01.1952
Age
59 years
Qualifications
B.Sc (Agri) Hons
Nature of appointment Appointed as the Chairman and Managing
as Director
Director of the Bank w.e.f. 01.10.2010 by the
Central Government u/s 9 (3) (a) of the Banking
Companies (Acquisition and Transfer of
Undertakings) Act, 1970/1980 to hold the post till
31.01.2012 i.e. his date of superannuation or until
further orders, whichever is earlier
Experience
He started his career in 1971 at United Bank of India
as a Trainee officer, where he spent 37 years
managing diverse portfolios. As General Manager
he managed important portfolios like Human
Resources, General Administration, Priority Sector,
IT, Board and coordination. In October 2008, Mr.
Bhattacharya joined Indian Bank as its Executive
Director. He also held the position of Chairman of
subsidiaries of Indian Bank, viz.., Ind Bank Merchant
Banking Services Ltd., Indfund Management Ltd.
and Ind Bank Housing Limited since July 2009. He
participated in International Banking Summer
School at Baden (Austria), workshops and training
programs organized by Administrative Staff College
of India, Indian Institute of Management (IIM)
Kolkata, National Institute of Bank Management,
Pune and Reserve Bank of India. He was a speaker
in Regional Conference on Agricultural banks and
Rural Micro finance (organized by World Bank) held
at Amman, Jordan from June 22 to 25, 2009.
Directorship or
Nil
Committee Positions
held in other
Companies
Nil
Bank of Maharashtra
11. keeheexjs ieJevexvme ceW nefjle henue

kebheveer ceeceues ceb$eeuee (ScemeerS), Yeejle mejkeej eje efoveebke 29 Deewue 2011 kees peejer heefjhe$e
mebKee 18/2011 leLee efoveebke 21 Deewue 2011 kees peejer heefjhe$e mebKee 17/2011 kes Devegmeej
ScemeerS ves kebheveer eje meomeeW kees euesKe Fueskeê@efveke heleer mes Yespeves keer Devegceleer oer nw. Fmes
osKeles ngS yeQke YeefJe<e ceW meYeer euesKe pewmes Deece meYee veesefme/Deve veesefme, Jeeef<e&ke efjhees& ee
MesejOeejkeeW kees Deve keesF& euesKe Fueskeê@efveke he ceW ef[hee@efpejer eje nceW GheueyOe kejeS ieS
F&-cesue heleeW hej Yespeves kee emleeJe jKelee nw. MesejOeejkeeW mes DevegjesOe nw efke Deheves F&-cesue heles
Deheveer ef[hee@efpejer/nceejs DeejerS kes heeme Deeleve keje ueW.
11.
52
Green Initiatives in Corporate Governance :

As per the Circular No. 17/2011, dated April 21, 2011 and No.18/2011 dated
April 29, 2011 issued by Ministry of Corporate Affairs (MCA), Government of
India, MCA has allowed the service of documents on members by a company
through electronic mode. In view of this, the Bank proposes to send in future all
the documents like General Meeting notices/other notices, Annual Report or any
other document to the shareholders in electronic form, at the email address
provided to us / made available to us by the depositories. The shareholders are
requested to update their email addresses with their depositories/our RTAs.
DeOe#e Je eyebOe efveosMeke kee eceeCehe$e/Iees<eCee
Certicate / Declaration of the Chairman and Managing Director
ceQ Ieesef<ele kejlee ntB efke efveosMeke ceb[ue ves efueefmbie mecePeewles kes Keb[ 49 kes Devegheeueve ceW efveosMeke ceb[ue
kes meYeer meomeeW Deewj yeQke kes Jeefj eyebOeve kes kece&eeefjeeW kes efueS Deeeej mebefnlee kee efveOee&jCe efkeee
nw. Deeeej mebefnlee yeQke keer Jesye meeF& hej Yeer eoefMe&le keer ieF& nw.
I declare that the Board has laid down the Code of Conduct for all Board Members and Senior Management Personnel of the Bank in compliance with clause
49 of the Listing Agreement. The Code of Conduct is posted on the website of
the Bank.
ceQ en Yeer Ieesef<ele kejlee ntB efke efveosMeke ceb[ue kes meYeer meome Deewj yeQke kes Jeefj eyebOeve kes meYeer
kece&eeefjeeW ves 31 ceee&, 2011 kees meceehle Je<e& kes oewjeve Deeeej mebefnlee kee heeueve efkeee nw.
I further declare that all Board members and Senior Management Personnel of
the Bank have affirmed their compliance with the Code of Conduct during the
year ended 31st March 2011.
ke=les yeQke Dee@@He ceneje^

mLeeve: hegCes
efoveebke: 18 ceF& 2011
For Bank of Maharashtra
(S. Sme. Yeeeee&)

DeOe#e SJeb eyebOe efveosMeke
(A. S. Bhattacharya)
Place: Pune
Date: 18 May 2011
yeQke Dee@@He ceneje^ kes MesejOeejkeeW nsleg

uesKee hejer#ekeeW kee eceeCehe$e
AUDITORS CERTIFICATE TO THE SHAREHOLDERS OF

BANK OF MAHARASHTRA
yeQke kes me@ke SkemeeWpeeW kes meeLe ngS meteerye mecePeewles kes Keb[ 49 kes Devegmeej efoveebke 31.03.2011
kees meceehle Je<e& nsleg nceves yeQke Dee@@He ceneje^ eje keeheexjs ieJevexvme kes efveeceeW kes Devegheeueve keer peebe
ueeiet meercee leke keer nw.
We have examined the compliance of conditions of Corporate Governance by

Bank of Maharashtra for the year ended on 31.3.2011 as stipulated vide clause
49 of the Listing Agreement entered by the Bank with Stock Exchanges, to the
extent applicable.
keeheexjs ieJevexvme kes efveeceeW kee Devegheeueve eyebOeve keer efpeccesoejer nw. nceejer peebe keeheexjs ieJevexvme kes
efveeceeW kee Devegheeueve megefveefele kejves nsleg yeQke eje DeheveeF& ieF& keee&efJeefOe Deewj keeee&vJeeve leke
meerefcele Leer. ve lees en uesKee hejer#ee nw Deewj ve ner yeQke kes efJeeere efJeJejCeeW kes yeejs ceW nceejs cele keer
DeefYeJeefe nw.
The Compliance of conditions of Corporate Governance is the responsibility

of the Management. Our examination was limited to the procedures and
implementation thereof, adopted by the Bank for ensuring the compliance of the
conditions of Corporate Governance. It is neither an audit nor an expression of
opinion on the financial statements of the Bank.
nceejs celeevegmeej, nceejer meJeexece peevekeejer Deewj nceW efoS ieS mheerkejCeeW Deewj efveosMekeeW leLee eyebOeve
eje efkeS ieS eefleefveefOelJe kes Devegmeej nce eceeefCele kejles nQ efke Ghee&ge JeefCe&le meteerye mecePeewles ceW
efJeefveefo& Devegmeej yeQke ves keeheexjs ieJevexvme kes ceeveob[eW kee Devegheeueve efkeee nw.
In our opinion and to the best of our information and according to the explanations
given to us and the representations made by the directors and Management, we
certify that the Bank has complied with the norms of Corporate Governance as
stipulated in the above-mentioned Listing Agreement.
nce mhe kejles nQ efke yeQke eje jKes ieS DeefYeuesKe kes Devegmeej yeQke kes efJe efkemeer efveJesMeke keer
keesF& efMekeeele efoveebke 31 ceee&, 2011 kees Ske ceen mes DeefOeke keer DeJeefOe mes uebefyele veneR Leer.
We state that no investor grievance was pending for a period exceeding one
month as at 31st March 2011 against the Bank as per the records maintained
by the Bank.
meeLe ner nce en Yeer GuuesKe kejles nQ efke en Devegheeueve ve lees eyebOeve keer keee&#ecelee DeLeJee
eYeeJeeslheeokelee efpemekes eje yeQke kee keee&JeJenej efkeee ieee nes, kes eefle Deewj ve ner yeQke keer YeeJeer
JeJenee&lee kes eefle keesF& Deeeemeve nw.
We further state that such compliance is neither an assurance to the future viability
of the Bank nor the efficiency or effectiveness with which the management has
conducted the affairs of the Bank.
ke=les yeer eJeeefjee SC[ kebheveer

meveoer uesKeekeej
SHeDeejSve 305123 F&
ke=les js SC[ kebheveer

meveoer uesKeekeej
SHeDeejSve 313124F&
ke=les peesOe peesMeer SC[ kebheveer

meveoer uesKeekeej
SHeDeejSve 104317 [yuet
For B. Chhawcharia & Co

FRN 305123E
For Ray & Co

FRN 313124E
For Jodh Joshi & Co

FRN 104317W
Sme. kes. eJeeefjee

Yeeieeroej
meomelee eceebke 008482
megyelees je@e
Yeeieeroej
cekejbo peesMeer
Yeeieeroej
S. K. Chhawchharia
Partner
Membership No. 008482
Subrata Roy
Partner
Makarand Joshi
Partner
ke=les pesmeerDeej SC[ kebheveer

meveoer uesKeekeej
SHeDeejSve 105270 [yuet
ke=les Sve. kegceej eyeje SC[ kebheveer

meveoer uesKeekeej
SHeDeejSve 000837
ke=les [erSmeheer SC[ SmeesefmeSdme

meveoer uesKeekeej
SHeDeejSve 6791 Sve
For JCR & Co

FRN 105270W
For N. Kumar Chhabra & Co

FRN 000837
For DSP & Associates

FRN 6791N
Deefcele leevehegjs
Yeeieeroej
veJelespe kegceej
Yeeieeroej
mebpee pewve
Yeeieeroej
Amit Tanpure
Partner
Navtej Kumar
Partner
Sanjay Jain
Partner
mLeeve : hegCes
efoveebke : 30 Deewue 2011
Place: Pune
Dated: 30th April 2011
53

31 ceee& 2011 keer efmLeefle kes Devegmeej leguevehe$e
BALANCE SHEET AS ON 31st March 2011
(` npeej ceW)
(` in thousands)
Devegmeteer
Schedule
31 ceee& 2011 keer efmLeefle

kes Devegmeej (eeuet Je<e&)

kes Devegmeej (iele Je<e&)
As on 31st March 2011

(Current Year)

(Previous Year)
hetbpeer SJeb oeefelJe CAPITAL AND LIABILITIES

hetbpeer Capital
1069,71,26
430,52,00
Deejef#eefleeeb Deewj DeefOeMes<e Reserves & Surplus
2901,21,36
2427,89,11
peceejeefMeeeb Deposits
66844,73,52
63304,06,94
GOeeefjeeb Borrowings
3076,56,42
2796,95,33
Deve oseleeSb leLee eeJeOeeve Other Liabilities & Provisions
2549,99,21
2096,35,55
76442,21,77
71055,78,93
3846,00,33
5315,39,31
pees[ TOTAL
Deeefmleeeb ASSETS
vekeoer Deewj Yeejleere efj]peJe& yeQke ceW DeefleMes<e
Cash and Balances with Reserve Bank of India
yeQkeeW ceW Mes<e Deewj ceebie leLee Deuhe metevee hej eehe Oeve
Balances with Banks, Money at call & short notice
203,35,31
1379,16,39
efveJesMe Investments
22491,08,45
21323,85,12
Deefece Advances
46880,76,59
40314,69,68
efmLej Deeefmleeeb Fixed Assets
10
666,79,05
659,52,59
Deve Deeefmleeeb Other Assets
11
2354,22,04
2063,15,84
76442,21,77
71055,78,93
14403,32,38
17625,31,07
2113,23,00
1738,41,44
pees[ TOTAL
meceeefele oeefelJe Contingent Liabilities
12
Jemetueer nsleg efyeue Bills for Collection

cenJehetCe& uesKee veerefleeeb Significant accounting policies
17
KeeleeW hej efhheefCeeeb Notes on Accounts
18
1 mes 18 leke keer Devegmetefeeeb KeeleeW kee DeefYeVe Debie nQ. The Schedules 1 to 18 form an integral part of the Accounts.
Sce. peer. mebIeJeer
S. Sme. Yeeeee&
M.G. SANGHVI
A.S. BHATTACHARYA
EXECUTIVE DIRECTOR
CHAIRMAN & MANAGING DIRECTOR
[e@. [er.Sme. hesue
S.kes. hebef[le
Jeer.heer.Yeejepe
Dr. D.S. PATEL
A.K. PANDIT
Ms. KAMALA RAJAN
V.P.BHARDWAJ
Director
Director
Director
Director
efveosMeke
efveosMeke
efveosMeke
Sme.[er. Oeveke
efveosMeke
Sme.Se.keesese
S.D. DHANAK
S.H. KOCHETA
Dr. S.U. DESHPANDE
Director
Director
Director
efveosMeke
Jeer. megyeceefCeeve
V. SUBRAMANIAN
efveosMeke
efveosMeke
Deej. cegjueerOejve
R. MURALIDHARAN
meneeke ceneeyebOeke, efJe.e. Je uesKee
Ghe ceneeyebOeke, efJe.e. Je uesKee
Asstt General Manager, FM&A
Dy. Gen. Manager, FM&A
kes. Se. JePes
K. H. WAZE
ceneeyebOeke, efJe.e. Je uesKee - I Je efveJesMeke mesJeeSb
General Manager FM&A-I
& Investors services
54
S. Sme. yevepeea
A. S. BANERJEE
cegKe ceneeyebOeke
31 ceee& 2011 kees meceehle Je<e& kee ueeYe Je neefve uesKee

PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31st March 2011
(` npeej ceW)
(` in thousands)
Devegmeteer 31 ceee& 20011 kees meceehle Je<e&
Schedule
I.
(eeuet Je<e&)
Year ended
31st March 2011
(Current Year)
31 ceee& 20010 kees meceehle

Je<e& (iele Je<e&)
Year ended
31st March 2010
(Previous Year)
Deee INCOME
Deefpe&le yeepe Interest earned
Deve Deee Other Income
II.
pees[ TOTAL
Jee EXPENDITURE
Jee efkeee ieee yeepe Interest expended
heefjeeueve Jee Operating Expenses
eeJeOeeve Deewj DeekeefmcekeleeSb Provisions & contingencies
pees[ TOTAL
13
5563,08,76
4735,56,34
14
530,85,78
591,24,39
6093,94,54
5326,80,73
15
3594,68,89
3439,30,87
16
1644,22,39
1072,94,70
ueeYe/neefve PROFIT/LOSS
Je<e& kes efueS efveJeue ueeYe Net Profit for the year
pees[W : Deeies ueeee ieee ueeYe Add: Profit brought forward
pees[ TOTAL
efJeefveeesie APPROPRIATIONS
meebefJeefOeke Deejef#eefle kees DeblejCe Transfer to Statutory Reserve
hetbpeer Deejef#eefle kees DeblejCe Transfer to Capital Reserve
jepemJe Deejef#eefle kees DeblejCe Transfer to Revenue Reserve
efJeMes<e Deejef#eefle kees DeblejCe Transfer to Special Reserve
emleeefJele ueeYeebMe (heerSvemeerheerSme) Proposed dividend (PNCPS)
emleeefJele ueeYeebMe (F&efkeJeer) Proposed dividend (Equity)
ueeYeebMe hej kej Tax on Dividend
Mes<e kees leguevehe$e ceW Deeies ues peeee ieee Balance carried over to Balance Sheet
pees[ TOTAL
524,64,43
374,97,48
5763,55,71
4887,23,05
330,38,83
439,57,68
284,88,04
127,83,51
615,26,87
567,41,19
82,59,71
109,89,42
3,03,97
25,82,38
5,33,93
31,07,61
12,00,00
15,00,00
29,58,93
96,34,25
86,10,40
20,91,57
14,63,34
365,44,51
284,88,04
615,26,87
567,41,19
6.86
10.21
eefle Mesej Depe&ve (cetue Je kece efkeee ngDee) (`) Earning per share (Basic & Diluted) (`)
1 mes 18 Devegmetefeeeb KeeleeW kee Deblejbie Debie nQ The Schedules 1 to 18 form an integral part of the Accounts.
nceejer meceefoveebefkele mebueive efjhees& kes Devegmeej AS PER OUR REPORT OF EVEN DATE ATTACHED.
ke=les yeer. eJeefjee Sb[ keb.
ke=les js Sb[ keb.
For B. Chhawchharia & Co.
For Ray & Co.
SHeDeejSve 305123F&
SHeDeejSve 313124F&
FRN: 305123E
FRN: 313124E
meveoer uesKeekeej
meveoer uesKeekeej
ke=les peesOe peesMeer Sb[ keb.
ke=les pesmeerDeej Sb[ keb.
For Jodh Joshi

And Co
For JCR & Co.
SHeDeejSve 105270[yuet
FRN :105270W
meveoer uesKeekeej
FRN: 104317W
meveoer uesKeekeej
(cekejbo peesMeer)
ke=les Sve. kegceej eye[e Sb[ keb. ke=les [erSmeheer Sb[ SmeesefmeSmed
For N.Kumar Chhabra
& Co.
SHeDeejSve 000837Sve
FRN: 006791N
FRN : 000837N
meveoer uesKeekeej
meveoer uesKeekeej
(Sme.kes.eJeefjee)
(S. K. Chhawchharia)
Yeeieeroej
(megyelee je@e)
(Subrata Roy)
Yeeieeroej
(Makarand Joshi)
(Deefcele leevehegjs)
Yeeieeroej
Yeeieeroej
Yeeieeroej
Yeeieeroej
(Partner)
(Partner)
(Partner)
(Partner)
(Partner)
(Partner)
meomelee e.008482
meomelee e.051205
meomelee e.047196
meomelee e.129055
meomelee e.080496
meomelee e.084906
(Amit Tanpure)
(veJelespe kegceej)
(Navtej Kumar)
(mebpee pewve)
(Sanjay Jain)
Membership No.: 008482 Membership No.:051205 Membership No : 047196 Membership No : 129055 Membership No : 080496 Membership No : 084906
mLeeve : hegCes
Place: Pune
55

Devegmeteer - 1 : hetbpeer
(` npeej ceW)
(` in thousands)
SCHEDULE - 1 : CAPITAL


(Current Year)

(Previous Year)
3000,00,00
3000,00,00
eeefOeke=le hetbpeer Authorised Capital

peejer, DeefYeoe Deewj eoe hetbpeer
Issued, Subscribed & Paid up Capital
ke.
` 10/- kes 48,17,12,553 F&efkeJeer Mesej (43,05,20,000 F&efkeJeer Mesej)

a 48,17,12,553 Equity Shares (43,05,20,000 Equity Shares) of ` 10/- each
(FmeceW keW mejkeej eje Oeeefjle ` 10/- kes 38,17,12,553 F&efkeJeer Mesej
(33,05,20,000 F&efkeJeer Mesej) Meeefceue nQ)
(includes 38,17,12,553 Equity Shares (33,05,20,000 equity shares)
of ` 10/- each held by Central Government)
481,71,26
430,52,00
Ke. kesv mejkeej eje Oeeefjle ` 10,00,000/- kes 5880 yesceereeoer iewj mebeeer DeefOeceeve Mesej
b 5880 Perpetual Non Cumulative Preference
Shares of ` 10,00,000/- each held by Central Government
588,00,00
1069,71,26
1069,71,26
kegue TOTAL
430,52,00
Devegmeteer - 2 : Deejef#eefleeeb Deewj DeefOeMes<e
(` npeej ceW)
(` in thousands)
SCHEDULE - 2 RESERVES AND SURPLUS


(Current Year)
I.
i)
III.
IV.
eejbefYeke Mes<e Opening Balance
637,97,24
Je<e& kes oewjeve Je=ef Addition during the year

hetbpeeriele Deejef#eefleeeb CAPITAL RESERVE
i)
ii)
iii) Je<e& kes oewjeve keceer Deduction during the year
Mesej eerefceece SHARE PREMIUM
i)
ii)
jepemJe SJeb Deve Deejef#eefleeeb REVENUE AND OTHER RESERVES
ke) jepemJe Deejef#eefleeeb a) REVENUE RESERVE
i)
ii)
iii) Je<e& kes oewjeve keceer Deduction during the year
Ke) efJeMes<e Deejef#eefleeeb b) SPECIAL RESERVE
i)
ii)
ie)
V.


(PreviousYear)
meebefJeefOeke Deejef#eefleeeb STATUTORY RESERVE

82,59,71
ii)
II.
430,52,00
528,07,82
720,56,95
113,59,83
87,77,45
3,03,97
29,22,39
116,63,80
130,00,00
300,80,74
3,40,01
430,80,74
719,79,25
5,33,93
31,07,61
756,20,80
56,00,00
12,00,00
637,97,24
113,59,83
130,00,00
750,86,87
-
109,89,42
130,00,00
750,86,86
41,00,00
68,00,00
15,00,00
56,00,00
hetvecet&ueve Deejef#eefleeeb c) REVALUATION RESERVE

i)
ii)
iii)
Je<e& kes oewjeve keceer Deduction during the year
452,18,74
1,32,88
14,73,86
12,35,46
ueeYe Je neefve Keeles ceW Mes<e BALANCE IN PROFIT & LOSS ACCOUNT
pees[ TOTAL (I, II, III, IV SJeb V)
454,57,14
(I, II, III, IV & V)
56
443,54,56
12,35,46
454,57,14
365,44,51
284,88,04
2901,21,36
2427,89,11
Devegmeteer - 3 : peceejeefMeeeb
(` npeej ceW)
(` in thousands)
SCHEDULE - 3 DEPOSITS

(Current Year)
ke
A.
ceebie peceejeefMeeeb DEMAND DEPOSITS

i) yeQkeeW mes From Banks
ii) DeveeW mes From others
I.
52,66,31
6546,59,22


(PreviousYear)
63,04,58
6599,25,53
6136,34,37
20433,17,51
yeele yeQke peceejeefMeeeb SAVINGS BANK DEPOSITS

ceereeoer peceejeefMeeeb TERM DEPOSITS
i) yeQkeeW mes From Banks
ii) DeveeW mes From others
pees[ TOTAL (I, II SJeb III) (I, II & III)
Ke B. Yeejle ceW MeeKeeDeeW keer peceejeefMeeeb
II.
6199,38,95
17164,77,36
III.
(i)
Deposits of Branches in India
(ii)
Yeejle kes yeenj efmLele MeeKeeDeeW keer peceejeefMeeeb
110,46,00
39701,84,48
Deposits of Branches outside India
pees[ TOTAL
39812,30,48
39939,90,63
63304,06,94
66844,73,52
63304,06,94
66844,73,52
63304,06,94
Devegmeteer - 4 : GOeeefjeeb
(` npeej ceW)
(` in thousands)
SCHEDULE - 4 BORROWINGS

(Current Year)
I.
Yeejle ceW GOeeefjeeb BORROWINGS IN INDIA

i)
Yeejleere efj]peJe& yeQke mes Reserve Bank Of India
ii)
Deve yeQkeeW mes Other Banks
iii) Deve mebmLeeDeeW Deewj SpeefvmeeeW mes Other Institutions and Agencies
iv) Deve GOeeefjeeb Other Borrowings
ke) veJeesvces<e yesefceeeoer $e+Ce efueKeleW (DeeF&heer[erDeeF&)
a)
Innovative Perpetual Debt Instruments (IPDI)
Ke) yebOehe$e kes he ceW peejer mebkeefjle $e+Ce hetbpeer efueKele

b)
II.
III.

(PreviousYear)
377,60,59
61,47,40
295,00,00
295,00,00
1250,00,00
Hybrid Debt Capital Instruments issued as Bonds
ie) ieewCe $e+Ce yeeB[ c) Subordinated Debt Bonds

Yeejle kes yeenj GOeeefjeeb BORROWINGS OUTSIDE INDIA
pees[ TOTAL (I SJeb II) (I & II)
Gheeg&e (~) Je (~~) megjef#ele GOeeefjeeb Meeefceue nw

955,00,00
SECURED BORROWINGS INCLUDED IN I & II ABOVE
1250,00,00
2877,60,59
1122,50,00
67,97,93
3076,56,42
2796,95,33
(` npeej ceW)
(` in thousands)
SCHEDULE - 5 OTHER LIABILITIES AND PROVISIONS

II.
III.
IV.
ii)
ceeveke DeeefmleeeW nsleg eeJeOeeve Provision against standard assets

Deve oseleeSb (eeJeOeeveeW meefnle)

(PreviousYear)
440,97,38
515,59,74
60,11,57
49,19,18
191,42,06
1857,48,20
Other liabilities (including provisions)
pees[ TOTAL
153,80,85
2048,90,26
2549,99,21
57


(Current Year)
ose efyeue Bills Payable

Deblej keeee&uee meceeeespeve (efveJeue) Inter-office adjustments (net)
Gheefele yeepe Interest Accrued
Deve (eeJeOeeveeW meefnle) Others (including provisions):
i)
2728,97,40
198,95,83
Devegmeteer - 5 : Deve oeefelJe Deewj eeJeOeeve
I.
39939,90,63
66844,73,52
1377,75,78
1531,56,63
2096,35,55

Devegmeteer - 6 : vekeoer Deewj Yeejleere efj]peJe& yeQke ceW DeefOeMes<e
(` npeej ceW)
(` in thousands)
SCHEDULE - 6 CASH AND BALANCES WITH RESERVE BANK OF INDIA

I.

(Current Year)

(PreviousYear)
424,91,37
390,10,61
neLe ceW vekeoer (FmeceW efJeosMeer kejsvmeer vees Meeefceue nQ)

Cash in hand (including foreign currency notes)
II.

Yeejleere efj]peJe& yeQke ceW DeefOeMes<e Balances with Reserve Bank of India
i)
eeuet KeeleeW ceW In Current Accounts
ii)
Deve KeeleeW ceW In other Accounts
pees[ TOTAL (I SJeb II)
3421,08,96
-
4925,28,70
3421,08,96
3846,00,33
(I & II)
5315,39,31
Devegmeteer - 7 : yeQkeeW ceW DeefleMes<e Deewj ceebie hej leLee Deuhe metevee hej eehe Oeve
(` npeej ceW)
(` in thousands)
SCHEDULE - 7 BALANCES WITH BANKS AND MONEY AT CALL & SHORT NOTICE

(Current Year)
I.
Yeejle ceW
i)
ii)


(Previous Year)
In India
yeQkeeW ceW DeefOeMes<e Balances with Banks in

(a)
eeuet KeeleeW ceW Current Accounts
(b)
Deve pecee KeeleeW ceW Other Deposit Accounts
100,70,77
65,18,56
178,17,01
165,89,33
15,18,56
193,35,57
ceebie leLee Deuhe metevee hej eehe Oeve Money at call and short notice
ke) yeQkeeW kes heeme (a) With Banks
Ke) Deve mebmLeeDeeW kes heeme (b) With Other Institutions
200,00,00
-
949,43,92
165,89,33
pees[ TOTAL (i SJeb ii) (i & ii)

II.
4925,28,70
1149,43,92
1342,79,49
Yeejle kes yeenj Outside India

yeQkeeW ceW DeefOeMes<e Balances with Banks in
ke) eeuet KeeleeW ceW (a) Current Accounts
Ke) Deve pecee KeeleeW ceW (b) Other Deposit Accounts

ie)
ceebie leLee Deuhe metevee hej eehe Oeve
(c)
Money at Call & Short Notice
37,45,98
-
pees[ TOTAL
kegue pees[ GRAND TOTAL (I SJeb II) (I & II)
58
36,36,90
37,45,98
36,36,90
37,45,98
36,36,90
203,35,31
1379,16,39
Devegmeteer - 8 : efveJesMe
(` npeej ceW)
(` in thousands)
SCHEDULE - 8 INVESTMENTS
A.
I.


(Current Year)

(PreviousYear)
18541,40,46
18226,13,75
11,23,70
25,76,50
140,18,99
127,83,60
883,40,80
885,79,20
52,89,11
37,02,11
Yeejle ceW efveJesMe Investments in India in
ke) mejkeejer eefleYetefleeeb

a)
Government Securities
(Kepeevee efyeue Je peerjes ketheve yeeb[eW meefnle)

(inclusive of treasury bills & zero coupon bonds)
Ke) Deve Devegceesefole eefleYetefleeeb

b)
Other approved securities
ie)
Meseme&
Ie)
ef[yeWeme& Deewj yeeb[
c) Shares
d) Debentures and Bonds
[)
meneeke eefleeve Deewj/ee men Gece
e)
Subsidiaries and/or Joint Ventures
e)
Deve
i)
f) Others
et.er.DeeF&./cegegDeue Heb[eW kes etefve

Units of UTI/ Mutual funds
44,04,97
80,09,26
ii)
pecee eceeCehe$e Certificate of Deposits
753,76,53
472,38,33
iii)
JeeefCeefpeke ehe$e Commercial Papers
24,36,62
9,90,29
iv)
heerermeer PTCs
22,88,43
31,64,79
v)
DeejDeeF&[erSHe Je Deve RIDF & Others
2016,88,84
pees[ TOTAL
II.
Yeejle kes yeenj efveJesMe Investments outside India
kegue pees[ TOTAL

kegue pees[ GRAND TOTAL (I SJeb II) (I & II)
B.
Ke) Yeejle ceW mekeue efveJesMe a) Gross Investments in India

IeeSb : efveJesMe hej cetueeme Less: Depreciation on Investment
IeeSb : Devepe&ke efveJesMe hej eeJeOeeve
efveJeue efveJesMe Net Investment
Ke) Yeejle kes yeenj mekeue efveJesMe b) Gross Investments outside India
pees[ TOTAL (ke SJeb Ke) (a&b)
59
1427,27,29
2021,29,96
21323,85,12
22491,08,45
21323,85,12
22614,50,66
21363,55,19
103,36,19
21,05,64
20,06,02
Less: Provisions on Non Performing Investment
2861,95,39
22491,08,45
22491,08,45
18,64,43
21323,85,12
22491,08,45
21323,85,12
22491,08,45
21323,85,12

Devegmeteer - 9 : Deefece
(` npeej ceW)
(` in thousands)
SCHEDULE - 9 ADVANCES

(Current Year)
ke.
i)
A.
yeeke=le Je Kejeros ieS efyeue

Bills purchased and discounted
ii)
vekeo $e+Ce, DeesJej[êHe Deewj ceebie hej eeflemebose $e+Ce

Cash Credits, Overdrafts & Loans repayable on demand
iii)
ceereeoer $e+Ce
898,01,99
13011,33,95
10510,43,65
i)
B.
28906,24,04
40314,69,68
40314,69,68
cetle& DeeefmleeeW eje eefleYetle

Secured by tangible assets
(yener $e+Ce hej DeefeceeW meefnle)

(includes advances against Book Debts)
ii)
yeQke/mejkeejer eleeYetefleeeW eje mebjef#ele

Covered by Bank/Government Guarantees
iii)
De-mebjef#ele Unsecured
34095,70,65
31131,73,73
651,58,76
162,71,49
12133,47,18
I.
C.
46880,76,59
9020,24,46
46880,76,59
pees[ TOTAL
ie.
46880,76,59
46880,76,59
pees[ TOTAL
Ke.

(PreviousYear)
953,34,63
32916,08,01
Term Loans

40314,69,68
40314,69,68
Yeejle ceW Deefece

Advances in India
II.
i)
eeLeefcekelee #es$e Priority Sector
16107,30,09
15898,94,38
ii)
meeJe&peefveke #es$e Public Sector
7891,92,88
5151,29,81
iii)
yeQke Banks
iv)
Deve Others
22881,53,62
Yeejle mes yeenj Deefece Advances outside India
pees[ TOTAL ( ie. ~ Deewj ie. ~~) (C.I & C.II)
60
46880,76,59
19264,45,47
40314,69,68
46880,76,59
40314,69,68
Devegmeteer 10 : efmLej Deeefmleeeb
(` npeej ceW)
(` in thousands)
SCHEDULE 10 FIXED ASSETS


(Current Year)
I.


(PreviousYear)
heefjmej Premises *
1.
efJeiele Je<e& keer 31 ceee& keer efmLeefle kes Devegmeej ueeiele hej
At cost as on 31st March of the preceding year
631,90,67
608,92,59
10,39,02
8,24,22
(hetJe&Jeleea Je<eeX ceW keg heefjmejeW kes hegvecet&ueve kes keejCe ngF& keercele ceW
Je=ef Meeefceue nw)
(includes increase in the value on account of revaluation of
certain premises in earlier years)
2.
Je<e& kes oewjeve heefjJeOe&ve Addition during the Period
3.
Je<e& kes oewjeve hegvecet&ueve kes keejCe heefjJeOe&ve

Addition on account of revaluation during the year
4.
Je<e& kes oewjeve keceer

Deduction during the Period
5.
Deeleve cetueeme
14,73,86
631,90,67
48,17
643,25,24
631,90,67
131,00,83
Depreciation to date
II.
1,43,72
643,73,41
512,24,41
114,88,33
517,02,34
Deve efmLej Deeefmleeeb (FmeceW Heefve&ej Deewj efHekemeeme& Meeefceue nQ)

Other Fixed Assets (including furniture and fixtures)
1.
efJeiele 31 ceee& keer efmLeefle kes Devegmeej ueeiele hej
2.
DeJeefOe kes oewjeve heefjJeOe&ve Addition during the Period
3.
DeJeefOe kes oewjeve keceer Deduction during the Period
At cost as on 31st March of the preceding year
4.
Deeleve cetueeme Depreciation to date
pees[ TOTAL (~ SJeb ~~)
616,85,21
560,32,27
80,47,71
76,91,70
697,32,92
637,23,97
20,71,48
20,38,76
676,61,44
616,85,21
522,06,80
154,54,64
666,79,05
(I & II)
474,34,96
142,50,25
659,52,59
* efheCeer : FmeceW ` Metve kee hetbpeeriele eeuet keee& Meeefceue nw (iele Je<e& ` 21,42)
* Includes Capital Work in Progress" ` Nil ( Previous Year ` 21,42 )
Devegmeteer - 11 : Deve Deeefmleeeb
(` npeej ceW)
(` in thousands)
SCHEDULE - 11 OTHER ASSETS



(Current Year)

(PreviousYear)
I.
Deblej-keeee&uee meceeeespeve (efveJeue) Inter-office adjustments (net)
314,52,88
584,14,86
II.
Gheefele yeepe Interest accrued
443,56,91
485,26,26
III.
Deefece he mes meboe kej/ eesle hej keee ieee kej
466,60,99
440,84,79
4,67,80
4,60,27
Tax paid in advance/tax deducted at source

IV.
uesKeve meeceeer Deewj meche Stationery and Stamps
V.
oeJeeW kes efveheeve nsleg Deefpe&le iewj-yeQefkebie Deeefmleeeb
VI.
Deve Others *
Non-banking assets acquired in satisfaction of claims
pees[ TOTAL (I, II, III, IV, V SJeb VI)
(I, II, III, IV, V & VI)
* efhheCeer : DeveeW ceW ` 404,38,04 keer efveJeue DeemLeeefiele kej Deeefmleeeb Meeefceue nQ (iele Je<e& ` 278,14,05)
* Note : Others include Net Deferred Tax Assets of ` 404,38,04 (Previous Year ` 278,14,05)
61
1124,83,46
548,29,66
2354,22,04
2063,15,84

Devegmeteer - 12 : Deekeefmceke oseleeSb
(` npeej ceW)
(` in thousands)
SCHEDULE - 12 CONTINGENT LIABILITIES

I.
yeQke kes efJe oeJes efpevnW $e+Ce kes he ceW mJeerkeej veneR efkeee ieee nw
II.
DeebefMeke meboe efveJesMeeW kes efueS oeefelJe Liability for partly paid investments
yekeeee Jeeeoe efJeefvecee mebefJeoeDeeW kes yeeyele oeefelJe*

(Current Year)

(PreviousYear)
695,99,94
520,21,12
7062,96,07
11544,77,57
Claims against the Bank not acknowledged as debts

III.
Liability on account of outstanding forward exchange contracts*

IV.

mebIekeeW keer Deesj mes oer ieeer eefleYetefleeeb

Guarantees given on behalf of constituents
V.
ke) Yeejle ceW (a) In India

Ke) Yeejle kes yeenj (b) Outside India
mJeerke=efleeeb, he=ebkeve Deewj Deve yeeOeleeSb
VI.
Deve ceoW efpevekes efuees yeQke meceeefele he mes Gejoeeer nw
4369,13,87
450,40,57
3632,68,31
4819,54,44
315,62,70
1424,81,93
Acceptances,endorsements and obligations
3948,31,01
1212,01,37
Other items for which Bank is contigently liable
400,00,00
400,00,00
pees[ TOTAL (I, II, III, IV, V SJeb VI) (I, II, III, IV, V & VI)
14403,32,38
17625,31,07
* Jeeeoe efJeefvecee mebefJeoeDeeW kes yeeyele meceeefele oeefelJe ceW ee SJeb efJeee mebefJeoeDeeW kee meceeJesMe nw.
* Contingent liabilities in respect of forward exchange contracts include both sale and purchase contracts
Devegmeteer - 13 : Deefpe&le yeepe
(` npeej ceW)
(` in thousands)
SCHEDULE- 13 INTEREST EARNED
31 ceee& 2011 kees meceehle DeJeefOe (eeuet Je<e&) 31 ceee& 2010 kees meceehle DeJeefOe (iele Je<e&)
Period ended 31st March 2011
(Current Year)
I.
DeefeceeW / efyeueeW hej yeepe / yee
II.
III.
efveJesMeeW hej yeepe Interest on Investments

IeeSb - efveJesMeeW kee heefjMeesOeve Less - Amortisation of Investments
Yeejleere efj]peJe& yeQke kes heeme Mes<eeW Deewj Deve Deblej yeQke efveefOeeeW hej yeepe
IV.
Deve Others
4006,13,75
Interest/Discount on Advances/Bills
1556,88,31
36,58,69
1520,29,62
3369,62,60
1366,54,94
68,64,72
25,13,20
11,52,19
5563,08,76
Interest on balances with Reserve Bank of India & other inter bank funds
pees[ TOTAL (I, II, III SJeb IV)

(Previous Year)
(I, II, III & IV)
1297,90,22
58,23,17
9,80,35
4735,56,34
Devegmeteer - 14 : Deve Deee
(` npeej ceW)
(` in thousands)
SCHEDULE - 14 OTHER INCOME
31 ceee& 2011 kees meceehle DeJeefOe (eeuet Je<e&) 31 ceee& 2010 kees meceehle DeJeefOe (iele Je<e&)
(Current Year)
I.
II.
III.
IV.
keceerMeve, efJeefvecee Deewj oueeueer Commission, exchange, and brokerage

efveJesMeeW kes efJeee hej ueeYe Profit on sale of investments
IeeSb : efveJesMeeW kes efJeee hej neefve Less : Loss on sale of Investments
efveJesMeeW kes hegvecet&ueve hej ueeYe Profit on revaluation of Investments
IeeSb : efveJesMeeW kes hegvecet&ueve hej neefve Less: Loss on revaluation of Investments
Yetefce, YeJeveeW, Deewj Deve DeeefmleeeW kes efJeee hej ueeYe
Profit on sale of land, buildings and other assets
IeeSb : Yetefce, YeJeveeW Deewj Deve DeeefmleeeW kes efJeee hej neefve
Less : Loss on sale of land,buildings and other assets
V.
VI.
efJeosMeer cege JeJenejeW hej ueeYe Profit on Exchange Transactions

IeeSb : efJeefvecee mebJeJenejeW hej neefve Less: Loss on Exchange Transactions
Yeejle/efJeosMeeW ceW efmLele mebege GeceeW Deewj/meneeke kebheefveeeW Fleeefo mes ueeYeebMeeW kes he ceW
Deefpe&le Deee.
Income earned by way of dividends etc. from subsidiaries/
companies and/or Joint Ventures abroad/in India
efJeefJeOe Deee Miscellaneous Income

pees[ TOTAL (I, II, III, IV, V, VI SJeb VII) (I, II, III, IV, V, VI & VII)
VII.
62

(Previous Year)
313,01,46
67,60,60
4,97,33
-
62,63,27
-
85,95
61,69
31,42,81
2
264,65,56
210,55,96
6,28,07
-
204,27,89
-
67,51
24,26
31,42,79
50,06
34,84,30
-
17,45
34,84,30
1,86,35
121,67,65
3,11,33
84,17,86
530,85,78
591,24,39
Devegmeteer - 15 : eoe yeepe
(` npeej ceW)
(` in thousands)
SCHEDULE- 15 INTEREST EXPENDED
31 ceee& 2011 kees meceehle DeJeefOe

(eeuet Je<e&)
I.
peceejeefMeeeW hej yeepe
II.
Yeejleere efj]peJe& yeQke / DeblejyeQke GOeeefjeeW hej yeepe
Interest on deposits
Interest on Reserve Bank of India / inter-bank borrowings
III.
Deve
Others
pees[ TOTAL (I, II SJeb III)
(I, II & III)

(iele Je<e&)

(Current Year)

(Previous Year)
3282,74,88
3183,06,12
44,37,66
68,05
267,56,35
255,56,70
3594,68,89
3439,30,87
Devegmeteer - 16 : heefjeeueve Jee
(` npeej ceW)
(` in thousands)
SCHEDULE - 16 OPERATING EXPENSES

(eeuet Je<e&)

(iele Je<e&)

(Current Year)

(Previous Year)
1157,08,00
655,49,65
98,95,22
93,87,13
14,07,54
13,25,17
Advertisement and publicity
18,76,27
14,03,05
V.
yeQke keer mecheefle hej cetueeme Depreciation on Banks property

(Deejef#eefle hetvecet&ueve kees Debleefjle cetueeme kees es[kej)
67,85,59
75,08,90
VI.
efveosMekeeW keer Heerme, Yees Deewj Jee
76,36
88,91
VII.
uesKee hejer#ekeeW keer Heerme Deewj Jee

(FmeceW MeeKee uesKee hejer#ekeeW keer Heerme Deewj Jee Meeefceue nQ)
14,18,50
11,82,43
VIII.
efJeefOe eYeej
5,33,87
5,08,35
20,47,66
14,65,52
30,37,61
22,75,56
65,86,74
56,92,95
I.
kece&eeefjeeW kees Yegieleeve Deewj Gvekes efuees eeJeOeeve
II.
Yee[e, kej Deewj jesMeveer
Payments to and provisions for employees

Rent,taxes and lighting
III.
cegCe Deewj uesKeve meeceeer
IV.
efJe%eeheve Deewj eeej
Printing and stationery
(Net of depreciation transferred to Revaluation Reserve)

Directors fees, allowances and expenses
Auditors fees and expenses (incl. branch auditors fees and expenses)
Law Charges
IX.
[eke, leej Deewj sefueHeesve Deeefo
X.
cejccele Deewj Devegj#eCe
XI.
yeercee
XII.
Deve Jee
Postage, Telegrams, Telephones, etc.

Repairs and maintenance
Insurance
Other expenditure
pees[ TOTAL (I, II, III, IV, V, VI, VII, VIII, IX, X, XI SJeb XII)
(I, II, III, IV, V, VI, VII, VIII, IX, X, XI & XII)
63
150,49,03
109,07,08
1644,22,39
1072,94,70

SCHEDULE 17 SIGNIFICANT ACCOUNTING POLICIES
Devegmeteer 17 - cenlJehetCe& uesKee veerefleeeb

1.
Accounting Conventions:
1.1
1.2 Ssmes mLeeveeW kees es[kej peneb DeveLee GuuesKe nes, jepemJe Je ueeieleeW kee uesKee Gheefele DeeOeej
hej efkeee ieee nw.
The financial statements are prepared under the historical cost conventions
except as otherwise stated and conform to the statutory provisions and
practices prevailing within the Banking Industry in India and the guidelines
issued by Reserve Bank of India (RBI).
1.2
Revenue and costs are accounted for on accrual basis except as otherwise
stated.
1.3 jepemJe DeefYeefveOee&jCe, efveJesMeeW Je DeefieceeW mes mebyebefOele uesKee veerefleeeb Yeejleere efj]peJe& yeQke eje
mecee-mecee hej efveOee&efjle efJeJeskehetCe& uesKee ceeveob[eW kes Devegmeej nQ.
1.3
The accounting policies with regard to Revenue Recognition, Investments

and Advances are in conformity with the prudential accounting norms
issued by Reserve Bank of India from time to time.
2.
Foreign Exchange Transactions:
1.
uesKee eLeeSb
1.1 Ssmes mLeeveeW kees es[kej peneb DeveLee GuuesKe nes mebueive efJeeere efJeJejCe hetJe& ueeiele eLeeDeesb Deewj
Yeejle ceW yeQefkebie Geesie ceW eeefuele eLeeDeesb leLee Yeejleere efj]peJe& yeQke eje peejer efoMeeefveoxMeeW kes
Devegmeej leweej efkeS ieS nQ.
2.
efJeosMeer cege mebJeJenej :
2.1 efJeosMeer cege JeJenejeW kee efveOee&jCe Yeejleere efJeosMeer cege Jeeheejer mebIe (Hes[eF&) eje hetJe&Jeleer&
mehleen kes efueS ekeeefMele meehleeefnke Deewmele Debeflece ojeW hej efkeee ieee nw. leguevehe$e kes efoveebke
kees efJeosMeer cege DeeefmleeeW Je oseleeDeesb kee hegvece&tueve Yeejleere efJeosMeer cege Jeeheejer mebIe (Hes[eF&)
eje ekeeefMele Debeflece efJeosMeer cege efJeefveece ojeW hej efkeee ieee nw Deewj Gmekes heefjCeecemJehe
nesves Jeeues ueeYe / neefve kee uesKee ueeYe Je neefve uesKes ceW efkeee ieee nw.
2.1. The foreign currency transactions are translated at the weekly average
closing rates for the preceding week as published by Foreign Exchange
Dealers' Association of India (FEDAI). Revaluation of foreign currency
assets and liabilities as on Balance Sheet date is done at the closing
exchange rate published by FEDAI and the resultant profit/loss is accounted
for in the Profit & Loss Account.
2.2 yekeeee Jeeeoe efJeosMeer cege kejej DevegyebefOele ojeW hej oMee&S ieS nQ Deewj leguevehe$e efoveebke kees
Yeejleere efJeosMeer cege Jeeheejer mebIe (Hes[eF&) eje efJeefveefo& heefjhekeJelee DeJeefOe nsleg ekeeefMele
efJeefvecee ojeW hej Gvekee hegvece&tueve efkeee ieee nw. Gmekes heefjCeecemJehe nesves Jeeues ueeYe / neefve
kees Yeejleere efj]peJe& yeQke / Hes[eF& kes efoMeeefveoxMeeW kes Devegmeej ueeYe Je neefve uesKes ceW oMee&ee ieee
nw.
2.2. Outstanding Forward Exchange Contracts are stated at contracted rates

and revalued as on Balance Sheet date at the exchange rates published by
FEDAI for specified maturities. The resulting profit/loss is recognized in the
Profit & Loss Account in accordance with RBI / FEDAI Guidelines.
2.3 efJeosMeer cege ceW peejer ieejbefeeW Je meeKe-he$eesb mes mebyebefOele Deekeefmceke oseleeDeesb kees Hes[eF& eje
ekeeefMele kejeF& ieF& Debeflece efJeosMeer cege ojeW hej leguevehe$e ceW oMee&ee ieee nw.
3.
2.3
Contingent Liabilities on account of Guarantees and Letters of Credit

issued in foreign currency are stated in the Balance Sheet at the closing
exchange rates published by FEDAI.
3.
Investments:
efveJesMe :
Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej efveJesMeeW kee Jeieer&kejCe SJeb cetueve efvecveevegmeej
efkeee ieee nw :
As per Reserve Bank of India guidelines, the investments are classified

and valued as under:
3.1 meebefJeefOeke eueefveefOe Devegheele Deewj iewj-meebefJeefOeke eueefveefOe Devegheele eefleYetefleeeW (MesejeW,
ef[yeWejeW yeeb[eW, cegegDeue Heb[, meerheer, meer[er keer etefveW Fleeefo) ceW efveJesMe efvecveebefkele esefCeeeW ceW
Jeieer&ke=le efkeS ieS nQ.
ke.
Ke.
ie.
3.1
a. Held to maturity
heefjhekeJelee leke Oeeefjle

efyeeer kes efueS GheueyOe
Jeeheej kes efueS Oeeefjle
b. Available for sale

c. Held for trading
3.2 meYeer eefleYetefleeeb efvecveebefkele n esefCeeeW ceW Jeieer&ke=le keer ieF& nQ :

ke.
Ke.
ie.
Ie.
*.
e.
3.2
b. Other approved securities

c. Shares
d. Debentures and bonds
e. Subsidiaries and Joint Ventures
f.
3.3 yeQke DeefOeienCe kes mecee eleske efveJesMe keer esCeer lee kejlee nw Deewj Gmekee Jeieer&kejCe leovegmeej
kejlee nw. efveosMeke ceC[ue kes Devegceesove mes Je<e& ceW Ske yeej eefleYetefleeeW kee DeblejCe Ske esCeer
mes otmejer esCeer ceW DeblejCe kes efoveebke kees yeepeej cetue / yener cetue / DeefOeienCe ueeiele ceW mes
vetvelece hej efkeee peelee nw. Ssmes DeblejCe hej cetueeme, eefo keesF& nw, kee eeJeOeeve efkeee peelee
nw Deewj eefleYetefle kee cetue leovegmeej yeoue efoee peelee nw.
i)
heefjhekeJelee leke Oeeefjle eefleYetefleeeW kee cetueve ueeiele hej efkeee ieee nw. peye keYeer
ueeiele Debefkele cetue mes DeefOeke nesleer nw lees eerefceece kee heefjMeesOeve heefjhekeJelee keer Mes<e
DeJeefOe ceW efkeee peelee nw.
ii)
Others (Commercial Papers, Mutual Fund Units , RIDF etc).
3.3
Bank decides the category of each investment at the time of acquisition

and classifies the same accordingly. Shifting of securities from one category
to another is done once in a year with the approval of Board of Directors, at
the least of acquisition cost / book value / market value on the date of
shifting. The depreciation, if any, on such shifting is provided for and the
book value of the security is changed accordingly.
3.4
Valuation of investments:
3.4 efveJesMeeW kee cetueve :

heefjhekeJelee leke Oeeefjle
All the securities are classified in the following six classifications:

a. Government Securities
mejkeejer eefleYetefleeeb
Deve Devegceesefole eefleYetefleeeb
Meseme&
ef[yeWej leLee yeeb[
meneeke kebheefveeeb leLee mebege Gece
Deve (JeeefCeefpeke ehe$e, cegegDeue Heb[ etefve, DeejDeeF&[erSHe Fleeefo)
ke.
Investments in SLR and non-SLR securities (Shares, Debentures, Bonds,

units of MF, CP, CD etc.) are classified in the following categories:
a. Held to Maturity:
heefjhekeJelee leke Oeeefjle esCeer kes Debleie&le Deve efveJesMeeW kes ceeceues ceW, peneb ueeiele cetue
Debefkele cetue mes kece nw Jeneb Deblej hej Oeeve veneR efoee ieee nw. meneeke kebheefveeeW
Deewj mebege GeceeW ceW efveJesMe kes ceeceues ceW cetue ceW efiejeJe kee helee ueieeee ieee nw Deewj
Gmekee eeJeOeeve efkeee ieee nw. #es$eere ieeceerCe yeQke kes efveJesMe kee cetueve jKeeJe ueeiele
hej efkeee ieee nw.
64
(i)
Securities under the category 'Held to Maturity' are valued at cost.

Wherever the cost is higher than the face value, the premium is
amortized over the remaining period of maturity.
(ii)
In case of other investments under Held to Maturity category,

where the cost price is less than the face value, the difference is
ignored. In case of investments in subsidiaries and joint ventures
permanent diminution in value is recognized and provided for.
Investment in RRBs is valued at carrying cost.
iii)
Fme esCeer ceW efveJesMe kes efJeee hej (ke) efveJeue ueeYe kees henues ueeYe neefve uesKes ceW
uesKeeyeOo efkeee ieee Deewj Gmekes yeeo ueeiet kejeW leLee meebefJeefOeke efveefOeeeW mes efveJeue ueeYe
kees hetbpeeriele eejef#eefle ceW efveJesMe efkeee Deewj (Ke) efveJeue neefve kees ueeYe Je neefve uesKes ceW
eYeeefjle efkeee ieee nw.
(iii)
Ke. efyeeer nsleg GheueyOe :
b. Available for Sale:
Fme esCeer kes Debleie&le Jeweefeke eefleYetefleeeW kees yeepeej nsleg efeefvnle efkeee ieee nw. keW mejkeej
keer eefleYetefleeeW kee cetueve efveele Deee cege yeepeej SJeb Yeejleere JeglheVe mebIe (efHece[e) eje
Ieesef<ele yeepeej cetue hej efkeee ieee nw. jepe mejkeej keer eefleYetefleeeW, Deve Devegceesefole
eefleYetefleeeW, ef[yeWej SJeb yee@C[eW kee cetueve eefleHeue, Deewmele $e+Ce emeej ece efveOee&jCe Deewj
efHece[e eje megPeeF& ieF& heOoefle mes efkeee ieee nw. kees efkeS ieS MesejeW kee cetueve yeepeej oj
mes efkeee ieee nw. kees veneR efkeS ieS MesejeW kee cetueve veJeervelece GheueyOe leguevehe$e kes DeeOeej
hej yener cetue hej efkeee ieee nw, eefo veJeervelece leguevehe$e GheueyOe veneR nw lees Ssmes Mesej kee
cetueve ` 1 eefle kebheveer hej efkeee ieee nw.
The individual securities under this category are marked to market.

Central Government securities are valued at market rates declared by
Fixed Income Money Market and Derivatives Association of India
[FIMMDA]. State Government securities, other approved securities,
Debentures and Bonds are valued as per the yield curve, average
credit spread rating and methodology suggested by FIMMDA. Quoted
Shares are valued at market rates. Unquoted shares are valued at
book value ascertained from the latest available Balance Sheet and in
case the latest Balance Sheet is not available, the same is valued at
` 1/- per company.
Kepeevee efyeueeW Deewj JeeefCeefpeke ehe$eesb kee cetueve jKeeJe ueeiele hej efkeee ieee nw. cegegDeue
Heb[ efueKeleeW kee cetueve yeepeej cetue hej, hegveKe&jero cetue DeLeJee efveJeue Deeefmle cetue hej Gvekeer
GheueyOelee kes DeeOeej hej Fme ece ceW efkeee ieee nw.
Treasury bills and commercial papers are valued at carrying cost.

Mutual Fund Instruments are valued at market rate or repurchase price
or net asset value in that order depending on their availability.
efyeeer nsleg GheueyOe kes DeOeerve eleske n Ghe-esCeer kes Debleie&le Ghee&ge cetueebkeve kes DeeOeej hej :
i)
eefo Deebke[esb kee heefjCeece DeefOecetueve nw lees Fme hej Oeeve veneR efoee ieee nw.
ii)
eefo Deebke[esb kee heefjCeece cetueeme nw lees Gmes ueeYe-neefve Keeles kees eYeeefjle efkeee
ieee nw.
iii)
iv)
ie.
Based on the above valuation under each of six-sub classifications

under 'Available for Sale':
(i)
If the figure results in appreciation, the same is ignored.
(ii)
Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej DeeJeMeke hegvece&tueve kees es[kej
eefleYetefleeeW kee yener cetue hegvece&tueve kes yeeo heefjJeefle&le veneR ngDee nw.
If the figure results in depreciation, the same is charged to Profit

& Loss account.
(iii)
The book value of securities is not changed after revaluation

except as required by the RBI guidelines.
Fme esCeer ceW efveJesMeeW keer efyeeer mes ngS ueeYe DeLeJee neefve kees ueeYe-neefve Keeles ceW oMee&ee
ieee nw.
(iv)
Profit or Loss on sale of investment in this category is accounted

for in the Profit and loss account.
Jeeheej nsleg Oeeefjle :

i)
Fme esCeer kes Debleie&le Jeweefeke eefleYetefleeeW kees cetue ueeiele hej Oeeefjle efkeee ieee nw.
Fvekee cetueve yeepeej ojeW hej DeLeJee efHece[e eje Ieesef<ele keerceleeW kes Devegmeej ceeefmeke
Deblejeue hej efkeee ieee nw. Fme esCeer kes Debleie&le eleske Jeieer&kejCe kes mebyebOe ceW efveJeue
cetueeme, eefo keesF& nes, kees ueeYe neefve Keeles ceW eYeeefjle efkeee ieee nw efkevleg efveJeue
DeefOecetueve, eefo keesF& nes, hej Oeeve veneR efoee ieee nw. Yeejleere efj]peJe& yeQke kes
efoMeeefveoxMeeW kes Devegmeej keer ieF& Dehes#eeDeesb kees es[kej hegvece&tueve kes yeeo eefleYetefleeeW
kee yener cetue veneR yeouee ieee nw.
ii)
Fme esCeer ceW efveJesMeeW keer efyeeer mes ngS ueeYe ee neefve kees ueeYe-neefve uesKes ceW uesKeeyeOo
efkeee ieee nw.
Ie.
Devepe&ke efveJesMeeW kees DeefYeefveOee&efjle efkeee ieee nw Deewj Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes
Devegmeej cetueeme / eeJeOeeve efkeee ieee nw.
e.
eefleYetefleeeW kes Depe&ve kes mecee Gheefele ueeieleeW pewmes oueeueer, Heerme Fleeefo (FefkeJeer/DeefOeceeve
MesejeW kees es[kej, peneb FvnW DeefOeienCe keer ueeiele ceevee ieee nw) kees Jee ceevee ieee nw.
yeepe oj mJewhe :
i)
ii)
On sale of investments in this category (a) the net profit is initially

taken to profit and loss account and thereafter net of applicable
taxes and statutory reserve is appropriated to the Capital Reserve
account and (b) the net loss is charged to the profit and loss
account.
c. Held for Trading:

(i)
The individual scrips under this category are held at original cost.
The same is valued at monthly intervals at market rates or as per
the prices declared by FIMMDA and in respect of each
classification under this category, net depreciation if any, is
charged to profit and loss account and net appreciation, if any is
ignored. The book value of the securities is not changed after
revaluation except as required by the RBI guidelines.
(ii)
Profit or loss on sale of investment in this category is accounted

for in the Profit and Loss account.
d. The non-performing investments are identified and depreciation/

provision is made as per RBI guidelines.
e. Costs such as brokerage, fees etc. incurred at the time of acquisition of
securities (except equity / preference shares, where it is treated as cost
of acquisition) are recognized as expenses.
f.
Interest Rate Swaps:

(i)
cetueve :
Valuation:
ke)
nsefpebie mJewhe : DeeefmleeeW Deewj oseleeDeesb keer nsefpebie kes efueS yeepe oj mJewhe ceeke&
t ceekex veneR nQ.
(a)
Hedging Swaps: Interest Rate Swaps for hedging assets

and liabilities are not marked to market.
Ke)
Jeeheej mJewhe : Jeeheej kes GsMe mes yeepe oj mJewhe ceeke& t ceekex nw.
(b)
Trading Swaps: Interest Rate Swap for trading purpose is

marked to market.
[sefjJesefJe meewoeW hej Deee kee uesKeebkeve :

ke)
nsefpebie mJewhe: Deee kee uesKeebkeve Jemetueer kes DeeOeej hej efkeee ieee nw. eefo keesF&
Kee& nw Deewj Gmekees efveefele efkeee pee mekelee nw lees Gmekee uesKee Gheee DeeOeej
hej efkeee ieee nw.
Ke)
Jeeheej mJewhe : Deee ee Kee& kees Jemetueer kes DeeOeej hej efveheejs kes efoveebke kees
uesKeeyeOo efkeee ieee nw.
(ii)
65
Accounting of income on derivative deals:

(a)
Hedging Swaps: Income is accounted for on realization

basis. Expenditure, if any, is accounted for on accrual basis,
if ascertainable.
(b)
Trading Swaps: Income or expenditure is accounted for on

realization basis on settlement date.

(iii)
4.
(iii) Accounting of gain or loss on termination of swaps:
mJewhe meceeefhle hej Deee leLee neefve kee uesKee:

ke)
nsefpebie mJewhe : meceehle ngS mJewhe hej efkemeer Yeer ueeYe ee neefve kees (ke) mJewhe
keer Mes<e yeeer mebefJeoelceke DeJeefOe ee (Ke) Deeefmle / oselee keer Mes<e DeJeefOe,
pees Yeer kece nes, keer DeJeefOe kes efueS mJeerkeej efkeee ieee nw.
(a)
Hedging Swaps: Any gain or loss on the terminated swap is

recognized over the shorter of (a) the remaining contractual
life of the swap or (b) the remaining life of the asset/
liability.
Ke)
Jeeheej mJewhe : mJewhe meceeefhle hej efkemeer Yeer ueeYe ee neefve kees mJewhe meceeefhle
kes Je<e& ceW ner neefve ee ueeYe kes he ceW oMee&ee ieee nw.
(b)
Trading Swaps: Any gain or loss on terminated swap is

recognized as income or expenses in the year of
termination.
Deefiece :
4.
Advances:
4.1
Advances shown are net of write offs, provisions made for non-performing
assets, claims settled with the credit guarantee institutions and
rediscounts.
4.2
Classification of advances and provisions are made in accordance with the

prudential norms prescribed by RBI from time to time except that provision
on NPA-secured substandard assets of the Bank is made @ 15% instead
of 10% as per IRAC norms issued by RBI
4.3
Provision for performing assets is shown under the head Other liabilities
and provisions.
4.4 Devepe&ke DeeefmleeeW ceW ngF& Jemetueer kees henues cetueOeve ceW Je efHej yeepe ceW meceeeesefpele efkeee
ieee nw.
4.4
Recoveries in the Non Performing Assets are appropriated first towards

principal and thereafter towards interest.
5.
5.
Fixed Assets and Depreciation:
5.1
Premises and Other Fixed Assets are accounted for at cost except for
certain premises, which were revalued and stated at revalued amount.
5.2
Depreciation is provided for on the diminishing balance method at the rates

specified in Schedule XIV to the Companies Act, 1956 on fixed assets
except for:-
4.1 oMee&S ieS DeefieceeW mes yes [eues iees Keeles, Devepe&ke DeeefmleeeW nsleg efkeS ieS eeJeOeeve, $e+Ce ieejber
mebmLeeveeW mes efveheeS ieS oeJes Deewj hegveYeepeve Ieees iees nQ.
4.2 yeQke keer megjef#ele DeJeceeveke Devepe&ke DeeefmleeeW hej Yeejleere efj]peJe& yeQke eje peejer Deee
DeefYeefveOee&jCe Deewj Deeefmle Jeieer&kejCe ceeveob[ kes Devegmeej 10 eefleMele kes mLeeve hej 15 eefleMele
kee eeJeOeeve kejves kes DeueeJee eeJeOeeveeW Deewj DeefieceeW kee Jeieer&kejCe Yeejleere efj]peJe& yeQke eje
mecee-mecee hej efJeefveefo& efJeJeskehetCe& ceeveob[eW kes Devegmeej efkeee ieee nw.
4.3 Devepe&ke DeeefmleeeW kes efueS eeJeOeeve kees Deve oseleeSb Je eeJeOeeve Meer<e& ceW oMee&ee
ieee nw.
efmLej Deeefmleeeb SJeb cetueeme :
5.1 keeflehee heefjmejeW, efpevekee hegvece&tueve efkeee ieee nw leLee efpevnW hegvece&tueebefkele cetue hej oMee&ee
ieee nw, kees es[kej Deve heefjmejeW SJeb Deve efmLej DeeefmleeeW kees ueeiele hej uesKeeyeOo efkeee
ieee nw.
5.2 efvecveefueefKele kees es[kej efmLej DeeefmleeeW hej cetueeme kee eeJeOeeve, emeceeve Mes<e heOoefle mes
Ssmeer ojeW hej efkeee ieee nw pees kebheveer DeefOeefveece, 1956 keer Devegmeteer 14 ceW efJeefveefo& nQ.
a. On computers, depreciation is provided at the rate of 33.33% on

Straight Line Method so as to write down the asset value in three years
to Rupee One as per RBI guidelines. Computers include softwares,
ATMs and UPS also.
ke)
kebhetjeW hej cetueneme mejue jsKee heOoefle mes 33.33% keer oj hej efkeee ieee nw leeefke
Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej Deeefmle kee cetueeefmele cetue leerve Je<ees
ceW 1 heee jn peeS. kechetjeW ceW meeHeJesDej, SerSce Deewj etheerSme Yeer Meeefceue nQ.
Ke)
5,000/- ee kece keer cetue ueeiele Jeeueer efmLej DeeefmleeeW hej cetueeme kee eeJeOeeve
Kejero kes Je<e& ceW 100 eefleMele kejves kes yepeee ueeiet ojeW hej efkeee ieee.
b. On Fixed Assets having original cost below ` 5,000/-, depreciation is

provided for at applicable rates instead of providing 100% depreciation
in the year of purchase.
ie)
Je<e& kes oewjeve Kejeroer ieF& DeeefmleeeW hej hetjs Je<e& kes efueS cetueeme kee eeJeOeeve efkeee
ieee nw. neF& ieF& / yeseer ieF& mebheefeeeW hej Je<e& kes oewjeve cetueeme kee keesF& eeJeOeeve
veneR efkeee ieee nw.
c. Depreciation is provided for full year in respect of assets purchased

during the year. No depreciation is provided on assets sold/discarded
during the year.
5.3 hegvece&tueve mes mebyebefOele cetueeme kees hegvece&tueve eejef#ele efveefOe ceW meceeeesefpele efkeee
ieee nw.
5.4 hesJeeueer Yetefce kee heefjMeesOeve hee DeJeefOe ceW efkeee ieee nw.
6.
jepemJe DeefYeefveOee&jCe :
6.1 efvecveebefkele ceoeW kees es[kej, efpevnW vekeoer DeeOeej hej uesKeeyeOo efkeee peelee nw, mecemle jepemJe
leLee ueeiele kees Gheee DeeOeej hej uesKeeyeOo efkeee ieee nw.
5.3
Depreciation relating to revaluation is adjusted against the Revaluation

Reserve.
5.4
Leasehold land cost is amortized over the period of lease.
6.
Revenue Recognition
6.1
All revenues and costs are accounted for on accrual basis except the
following items, which are accounted for on cash basis:a. Interest on Advances and Investments identified as Non-Performing
Assets according to the prudential norms issued by RBI, from time to
time.
ke.
Yeejleere efj]peJe& yeQke eje mecee-mecee hej peejer efkeS ieS efJeJeskehetCe& ceeveob[eW kes Devegmeej
Devepe&ke Deeefmle kes he ceW DeefYeefveOee&efjle DeefieceeW SJeb efveJesMeeW hej yeepe.
Ke.
ieejber, meeKe he$e, mejkeejer keejesyeej, yeQke-yeercee keejesyeej, cegegDeue HeC[ keejesyeej
uee@kej efkejeee Fleeoer mes keceerMeve mes eehle Deee.
b. Income from commission viz on Guarantees, Letter of Credit,

Government business, Bancassuarance, Mutual Fund business and
Locker Rent.
ie.
Kejeros ieS leLee Yeebefpele efyeueeW hej Deefleose DeJeefOe kes efueS yeepe.
c. Interest for overdue period on bills purchased and bills discounted.
Ie.
yeercee oeJes
d. Insurance claims.
e.
ef[yeWej veemeer JeJemeee hej heeefjeefceke
e. Remuneration on Debenture Trustee Business.
eefeee Meguke
pe.
Jeeheejer yeQefkebie heefjeeueve Je neceeroejer keceerMeve mes Deee
f.
Processing Fees.
g. Income from Merchant Banking Operations and Underwriting

Commission.
66
6.2 Deeekej efjHeC[ hej yeepe Deee kees Gme Je<e& ceW uesKeeyeOo efkeee ieee, efpeme Je<e& ceW efjHeC[
DeeosMe mebyebefOele eeefOekeejer eje heeefjle efkeee ieee.
6.2
Interest income on refund of Income Tax is accounted for in the year the
order is passed by the concerned authority.
6.3 Yeejleere efjpeJe& yeQke kes efoMeeveoxMeeW kes DevegmejCe ceW Deefleose peceejeefMeeeW hej ose yeepe kee
eeJeOeeve Yeejleere efjpeJe& yeQke kes efoveebke 22.08.2008 kes heefjhe$e kes efoveebke mes Gheee DeeOeej
hej efkeee ieee nw leLee Mes<e kee eeJeOeeve veJeerkejCe kes mecee efkeee ieee nw.
6.3
Pursuant to RBI guidelines, the interest payable on overdue term deposit

is provided on accrual basis at Saving Bank rate effective from date of RBI
circular dated 22.08.2008, and the balance at the time of renewal.
7.
Employees Benets:
7.
kece&eejer ueeYe :
Defined Contribution Plan: The contribution paid/ payable under defined

contribution benefit schemes are charged to profit and loss account.
heefjYeeef<ele DebMeoeve eespevee: heeefjYeeef<ele DebMeoeve ueeYe eespeveeDeesb kes Debleie&le Deoe efkeS ieS /
Deoe efkeS peeves Jeeues DebMeoeve kees ueeYe-neefve Keeles kees eYeeefjle efkeee ieee nw.
Defined Benefit Plan: Banks liabilities towards defined benefit schemes

are determined using Projected Unit Credit Method. Actuarial Valuations
under the Projected Unit Credit Method are carried out as at the Balance
Sheet date. Actuarial gains and losses are recognized in the Profit and
Loss account.
heeefjYeeef<ele ueeYe eespevee : Devegceeefvele FkeeF& pecee heefle kee Fmlesceeue kejles ngS heeefjYeeef<ele
ueeYe eespeveeDeesb nsleg yeQke keer oseleeDeesb kee efveOee&jCe efkeee ieee nw. Devegceeefvele FkeeF& pecee
heefle kes Debleie&le peerJeveebefkeke cetueebkeve leguevehe$e kes efoveebke kees efkeee ieee nw. peerJeveebefkeke
ueeYe Deewj neefve kees ueeYe-neefve Keeles ceW oMee&ee ieee nw.
8.
8.
DeeefmleeeW keer neefve
Impairment losses if any, on fixed assets including Revalued Assets, are

recognized in accordance with Accounting Standard 28- Impairment of
Assets issued by the Institute of Chartered Accountants of India (ICAI) and
charged to profit and loss account.
hegvece&tueebefkele DeeefmleeeW meefnle efmLej DeeefmleeeW keer neefve, eefo keesF& nw kees meveoer uesKeekeej
mebmLeeve kes uesKee ceeveke 28 - DeeefmleeeW keer neefve kes Devegmeej oMee&ee ieee nw.
9.
Impairment of Assets:
eeJeOeeve, Deekeefmceke oseleeSb Deewj Deekeefmceke Deeefmleeeb
9.
Yeejleere meveoer uesKeekeej mebmLeeve kes ceeveke 29 eeJeOeeve-Deekeefmceke oselee Deewj Deekeefmceke
Deeefmle kes Devegmeej yeQke ves eeJeOeeve kee efveOee&jCe kesJeue leye ner efkeee nw peye efkemeer hetJe&
Ievee kes keejCe Gmekee Jele&ceeve ceW oeefelJe GlheVe ngDee nes. en mebYeJe nw efke oeefelJe kee
efveheeve kejves nsleg DeeefLe&ke ueeYeeW mes ege mebmeeOeveeW kes yeenjer eJeen keer DeeJeMekelee efkemeer
oeefelJe kees efveheeves ceW he[ mekeleer nw peye oeefelJe keer jkece kee efJeemeveere Devegceeve veneR
ueieeee ieee nes.
Provisions Contingent Liabilities and Contingent Assets:

As per the Accounting Standard 29-Provisions, Contingent Liabilities and
Contingent Assets issued by ICAI, the Bank recognizes provisions only
when it has a present obligation as a result of a past event, it is probable
that an outflow of resources embodying economic benefits will be required
to settle the obligation and when a reliable estimate of the amount of the
obligation can be made.
Contingent assets are not recognized in the financial statements since this
may result in the recognition of the income that may never be realized.
efJeeere efJeJejCeeW ceW Deekeefmceke DeeefmleeeW kee efveOee&jCe veneR efkeee ieee nw keeeWefke Fmekes keejCe
Ssmeer Deee kee efveOee&jCe nes mekelee nw pees keYeer ve ngF& nes.
10.
10. efveJeue ueeYe, eeJeOeeve SJeb DeekeefmcekeleeSb :
Net Prot, Provisions and contingencies:

The Net Profit disclosed is after making the Provisions and Contingencies
which include adjustment to the value of investments, write off of bad
debts, provision for taxation (including deferred tax), provision for advances
and contingencies/others.
Ieesef<ele efveJeue ueeYe, DeekeefmcekeleeDeesb Je eeJeOeeveeW kes Ghejeble nw efpemeceW efveJesMeeW kes cetue kee
meceeeespeve, DeMeesOe $e+CeeW kees yes Keeles [euevee, kejeOeeve kes efueS eeJeOeeve (DeemLeefiele kej
meefnle), DeefieceeW kes efueS eeJeOeeve leLee DeekeefmcekeleeSb / Deve Meeefceue nQ.
11.
11. Deeekej :
Income tax:
The provision for tax for the year comprises liability towards Current Income
Tax, Wealth Tax and Deferred Tax. The deferred tax asset is recognized,
subject to the consideration of prudence, taking into account the timing
differences between the taxable income and accounting income, in terms
of the Accounting Standard 22 issued by ICAI.
Je<e& nsleg efkees iees kej eeJeOeeveeW ceW eeuet Deeekej, DeemLeefiele kej, mebheefe kej Deewj DeemLeefiele
kej Meeefceue nQ. DeemLeefiele kej Deeefmle kee efveOee&jCe efJeJeske kes DeeOeej hej efkeee ieee nw Je
Ssmee kejles mecee Yeejleere meveoer uesKeekeej mebmLeeve eje peejer uesKee ceeveke 22 kes Devegmeej
kej eesie Deee leLee uesKee eesie Deee kes yeere mecee kes Devlej kees Oeeve ceW jKee ieee nw.
67

BANK OF MAHARASHTRA
2010-11
yeQke Dee@@He ceneje^

2010-11
1.
Devegmeteer 18 : KeeleeW hej efhheefCeeeb
SCHEDULE 18 : NOTES ON ACCOUNTS
(vees - keeske ceW efoS ieS Deebke[s efheues Je<e& kes nQ)
(Note: Figures in bracket relate to previous year)

1.
hetbpeer
31.03.11
kees
ceoW
ii)
iii)
76.77
0.00
7.05
5.68
Basel II
8.02
6.41
Basel - I
4.70
5.65
Basel II
5.33
6.37
79.24
76.77
Amount raised by issue of IPDI

(` In Crore)
70.00
400.00
130.00
0.00
70.00
vi) Amount raised by issue of Upper Tier II

instrument (` In Crore)
0.00
400.00
vii) Amount raised by issue of Ordinary Tier II

instrument (` In Crore)
0.00
130.00
The Bank has raised during the year:
MesejeW keer
mebKee
oj
Sr.
No.
kegue
07.08.2010
5880
` 10.00.000
` 588
5,11,92,553
` 68.76
` 352
kejes[
` 167.50
jkece
ketheve oj
yeeb[ keer DeJeefOe
kejes[
7.10% eefleJe<e&
63 ceen
Series
26/03/2011
2.
Total
5880 ` 10,00,000
` 588
crore
` 68.76
` 352
crore
5,11,92,553
2.1
(` kejes[ ceW)
(1) efveJesMeeW kee cetue
(i) efveJesMeeW kee mekeue cetue
22614.50
(ii) cetueeme nsleg eeJeOeeve
123.42
(iii) efveJesMeeW kee MegOo cetue
22491.08
(2) efveJesMeeW hej cetueeme nsleg Oeeefjle eeJeOeeveeW keer ieefleMeeruelee
(i) eejbefYeke Mes<e
39.70
(ii) peesef[S : Je<e& kes oewjeve efkeS ieS eeJeOeeve
83.72
(iii) IeeFS : Je<e& kes oewjeve yesKeeles ceW [eues
iees/hegveuexKeebefkele efkeS ieS DeefOeke eeJeOeeve
0.00
(iv) Debeflece Mes<e
123.42
Amount Coupon Rate
30/06/2010 ` 167.50 Crore
7.10 % p.a.
Tenor
63 months
Investments:
The Bank has classified the investment portfolio into three categories i.e.
Held to Maturity, Available for Sale, and Held for Trading and valued
the investments in terms of the Reserve Bank of India (RBI) guidelines.
2.1 yeQke kes kegue efveJesMe efvecveevegmeej nQ. meYeer efveJesMe Yeejle ceW nQ leLee Yeejle kes yeenj efveJesMe veneR nQ.
31-03-2011
Date of Redemption
efveJesMe
yeQke ves efveJesMe mebefJeYeeie kees eceMe: heefjhekeJelee leke Oeeefjle, efyeeer nsleg GheueyOe Deewj efJeheCeve
nsleg Oeeefjle leerve esefCeeeW ceW Jeieer&ke=le efkeee nw Deewj Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes
Devegmeej efveJesMeeW kee cetueebkeve efkeee nw.
ceoW
Equity Shares
capital (including
share premium)
Rate
Redemption of Subordinated Bonds (Tier II Capital)
Deeyebve kee efoveebke

30.06.2010
No. of
Shares
Perpetual NonCumulative
Preference Shares
(PNCPS)
07/08/2010
2.
26.03.2011
Date of
Allotment
Particulars
kejes[
ieewCe yeeb[eW kee ceeseve (efej-II hetBpeer)
2.
Basel - I
1.
2. F&efkeJeer Mesej
hetBpeer(Mesej eerefceece
Meeefceue)
12.78
iv) Percentage of the shareholding of the

Government of India (%)
v)
Deeyebve kee
efoveebke
1. yesefceeeoer Demebeeer
DeefOeceeefvele Mesej
(heerSvemeerheerSme)
esCeer
11.33
13.35
CRAR - Tier II Capital (%)
5.65
6.37
yeQke eje Je<e& kes oewjeve Gieener ieF& hetBpeer

eb. efJeJejCe
11.75
Basel II
CRAR - Tier I Capital (%)
5.68
6.41
79.24
0.00
Basel - I
CRAR (%)
11.33
12.78
4.70
5.33
0.00
As on
31.03.2010
Items
i)
11.75
yesmeue-II
13.35
ii. peesefKece Yeeefjle heefjmebheefe keer leguevee ceW hetbpeer kee Devegheele mlej I hetbpeer (%)
yesmeue-I
7.05
yesmeue-II
8.02
iii. peesefKece Yeeefjle heefjmebheefe keer leguevee ceW hetbpeer kee Devegheele mlej II hetbpeer (%)
yesmeue-I
yesmeue-II
iv. Yeejle mejkeej keer Mesej Oeeefjlee
kee eefleMele (%)
v. DeeF&heer[erDeeF& peejer kej Tieener ieF& jkece
(` kejes[)
vi Dehej efej-(II) peejer kej Tieener ieF&
jkece (` kejes[)
vii meeOeejCe efej-(II)
peejer kej Tieener ieF& jkece (` kejes[)
As on
31.03.2011
31.03.10
kees
peesefKece Yeeefjle heefjmebheefe keer leguevee ceW hetbpeer kee Devegheele (%)
yesmeue-I
i.
Capital:
The Total Investments of Bank, as under, are all in India and no Investments
are outside India:
(` in Crore)
Items
31-03-2010
31.03.2011
31.03.2010
Gross Value of Investments
22614.50
21363.55
(ii) Provisions for Depreciation
123.42
39.70
22491.08
21323.85
(1) Value of Investments

(i)
21363.55
39.70
21323.85
(iii) Net Value of Investments
(2) Movement of provisions held towards depreciation on investments
93.77
(i)
0.00
Opening balance
(ii) Add: Provisions made during the year

(iii) Less: Write off/ Write-back of excess
provisions during the year
54.07
39.70
(iv) Closing balance
68
39.70
93.77
83.72
0.00
0.00
54.07
123.42
39.70
2.2 jshees mebJeJenej (Debefkele cetue kes mebyebOe ceW)
2.2
Je<e& kes oewjeve Je<e& kes oewjeve

vetvelece DeefOekelece
yekeeee
yekeeee
yeewjs
jshees kes DeOeerve yeseer
eefleYetefleeeb
1. mejkeejer eefleYetefleeeb
2. keeheexjs $e+Ce eefleYetefleeeb
efjJeme& jshees kes Debleie&le Kejeroer
eefleYetefleeeb
1. mejkeejer eefleYetefleeeb
2. keeheexjs $e+Ce eefleYetefleeeb
(` in Crore)
Particulars
Je<e& kes oewjeve 31 ceee&, 2011

Deewmele owefveke
kees
yekeeee
efveie&cekelee&
No.
Issuer
(1)
Minimum
Maximum Daily average
outstanding outstanding outstanding
during the
during the during the
year
year
year
As on
March 31,
2011
30.00
(Metve)
Metve
(Metve)
3775.00
(Metve)
Metve
(Metve)
648.89
(Metve)
Metve
(Metve)
0.00
(Metve)
Metve
(Metve)
Securities sold under

repos
i. Government
Securities
ii. Corporate debt
securities
30.00
(Nil)
Nil
(Nil)
3775.00
(Nil)
Nil
(Nil)
648.89
(Nil)
Nil
(Nil)
Nil
(Nil)
Nil
(Nil)
50.00
(50.00)
Metve
(Metve)
3200.00
(3700.00)
Metve
(Metve)
271.14
(1723.96)
Metve
(Metve)
0.00
(50.00)
Metve
(Metve)
Securities purchased
under reverse repos
i. Government
Securities
ii. Corporate debt
securities
50.00
(50.00)
Nil
(Nil)
3200.00
(3700.00)
Nil
(Nil)
271.14
(1723.96)
Nil
(Nil)
Nil
(50.00)
Nil
(Nil)
2.3 iewj-SmeSueDeej efveJesMeeW kee mebefJeYeeie:

i)
iewj SmeSueDeej efveJesMeeW kee efveie&cekelee&Jeej mebefcee
31 ceee& 2011 kees iewj-SmeSueDeej eefleYetefleeeW ceW (cetueeme Ieeves kes yeeo) efkeS ieS efveJesMe
hej Yeejleere efj]peJe& yeQke kes efJeJeskehetCe& ceeveob[eW kes Devegmeej ekeve efvecve ekeej nw :
e.
Repo Transactions (In face value terms)
(` kejes[ ceW)
jkece
Amount
(2)
2.3
Non-SLR Investment Portfolio
i)
Issuer composition of Non-SLR Investments

Following is the disclosure as per prudential guidelines of RBI on
Investments (Net of Depreciation) in Non-SLR Securities as of
31/03/2011.
(` kejes[ ceW) (` in Crore)
efvepeer huesmeceW kee

efJemleej
efveJesMe mes kece es[ Jeeueer

eefleYetefleeeW kee efJemleej
Extent of Private
Placement
Extent of 'Below
Investment Grade'
Securities
(4)
(5)
(3)
iewjece Jeeueer eefleYetefleeeW Demeteerye eefleYetefleeeW

kee efJemleej
kee efJemleej
Extent of Unrated Extent of Unlisted

Securities
Securities
(6)
(7)
mejkeejer Gheece PSU s
224.92
(228.70)
213.07
(225.57)
25.00
(46.37)
0.00
(0.00)
25.00
(46.37)
(ii)
efJeeere mebmLeeve FIs
265.61
(315.25)
224.35
(265.34)
78.38
(83.37)
0.00
(0.75)
44.88
(44.88)
(iii)
yeQke Banks
981.86
(728.07)
941.92
(675.85)
23.20
(23.80)
0.20
(0.20)
2.00
(3.00)
(iv)
efvepeer kebheveer Private Corporate
355.66
(236.49)
300.17
(185.03)
80.75
(95.81)
24.04
(25.81)
26.82
(25.81)
(v)
meneeke/mebegkele Gece
N.A.
(i)
52.89
52.89
N.A.
N.A.
(37.02)
(37.02)
N.A.
N.A.
N.A.
Deve DeejDeeF&[erSHe* Others - RIDF*
2093.22
(1556.13)
2065.40
(1493.19)
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
Ghe pees[ SUB TOTAL
3974.16
(3101.66)
3797.80
(2882.00)
207.33
(249.35)
24.24
(26.76)
98.70
(120.06)
XXX
XXX
XXX
XXX
3797.80
(2882.00)
207.33
(249.35)
24.24
(26.76)
98.70
(120.06)
Subsidiaries/Joint Ventures
(vi)
kes efueS Oeeefjle eeJeOeeve Provision held towards

cetueeme Depreciation
(i)
(vii)
(ii)
SveheerDeeF& NPI
(iii)
hegvemejefele Keeles Restructured Account
pees[ Total
*DeejDeeF&[erSHe
12.72
(8.13)
18.64
(18.64)
1.41
(Nil)
3941.39
(3074.89)
*RIDF- Rural Infrastructure Development Fund
- ieeceerCe DeeOeejYetle mebjevee efJekeeme efveefOe
efhheCeer :
Note:
ke)
Ghejese (v) SJeb (vi) ceW efveJesMe Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej Jeieer&kejCe mes cege nQ.
(i)
Investments as in (v) & (vi) above are exempted from classification as per
RBI guidelines.
Ke)
kee@uece 4,5,6 Je 7 ceW efjhees& keer ieF& jeefMe hejmhej DemebyeOo veneR nw.
(i)
Amounts reported under columns 4, 5, 6 & 7 are not mutually exclusive.
ie)
kegue ` 3941.39 kejes[ (` 3074.89 kejes[) kes efveJesMe ceW ` 2.94 kejes[ (` 2.94 kejes[) kes
mejkeejer lesue yebOehe$e Meeefceue nQ. yeQke kes legueve he$e keer Devegmeteer 8 ceW Yeer FvnW mejkeejer
eefleYetefleeeW ceW Meeefceue efkeee ieee nw.
(ii)
The total investment of ` 3941.39 crore (` 3074.89 crore) includes one GOI
Oil Bond of ` 2.94 crore (` 2.94 crore). The same has been included as
Govt. Securities in Schedule 8 to the Balance Sheet.
69

ii)
iewj SmeSueDeej Devepe&ke efveJesMe
ii)
(` in Crore)
Particulars
jkece
18.64
0.00
0.00
18.64
18.64
yeesjs
eejbefYeke Mes<e
Je<e& kes oewjeve heefjJeOe&ve
Je<e& kes oewjeve keceer
Debeflece Mes<e
efkeS ieS kegue eeJeOeeve
2.6 yeQke ves Je<e& kes oewjeve heefjhekeJelee leke Oeeefjle esCeer ceW Jeieer&ke=le ` 36.59 kejes[ (` 68.65
kejes[) kee heefjMeesOeve efkeee Deewj mebyebefOele eefleYetefle kes cetue kees Gme meercee leke kece kejles ngS
jkece kees ueeYe Je neefve Keeles ceW eYeeefjle efkeee.
[sefjJesefJe:
3.1 Jeeeoe oj kejej/ yeepe oj mJewhe

ceoW
i)
mJewhe kejejeW kee keefuhele cetueOeve
ii)
eefo eeflehe#e kejejeW kes Debleie&le Deheves oeefelJeeW

kees hetje ve kejW lees Fme efmLeefle ceW nesves Jeeueer
neefveeeb
iii)
mJewhe kejej nsleg yeQke mes Dehesef#ele eefleYetefle
iv)
mJewhe mes GlheVe $e+Ce peesefKece Ske$eerkejCe
v)
mJewhe Keeleeyeboer kee Gefele cetue (+) eeefhle/(-)

ose
31.3.2011
400.00
(` kejes[ ceW)
31.3.2010
0.00
Closing balance
18.64
Total provisions held
18.64
2.4
As per RBI guidelines, an amount of ` 1.29 Crore (` 30.97 Crore) net of

taxes and statutory reserves being profit on sale of investment in Held to
Maturity category is transferred to Capital Reserve.
2.5
During the year, Bank has provided depreciation on investment for

diminution in value on account of shifting of investments from Available for
Sale category to Held to Maturity category ` 0.07 Crore (` Nil Crore) and
from Held to Maturity category to Available for Sale category ` Nil (` Nil
Crore).
2.6
The Bank has amortized ` 36.59 Crore during the year (` 68.65 Crore) for
securities classified under Held to Maturity category, and the amount has
been charged to Profit & Loss account by reducing value of the respective
securities to that extent.
3.
Derivatives:
3.1
Forward Rate Agreement / Interest Rate Swap

(` in Crore)
Metve
Metve
(-)13.11
0.00
Reductions during the year
Metve
(-)12.79
of
31.03.2010
The notional
agreements
400.00
400.00
ii)
Losses which would be incurred if

counterparties failed to fulfill their
obligations under the agreements
Nil
Nil
iii)
Collateral required by the Bank upon

entering into swaps
Nil
Nil
iv) Concentration of credit risk arising

from the swaps
Nil
Nil
(-) 13.11
(-) 12.79
v)
principal
31.03.2011
i)
Metve
Metve
18.64
Additions during the year
Items
400.00
Metve
Amount
Opening balance
2.4 Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej heefjhekeJelee leke Oeeefjle efveJesMe kes efJeee mes
ngS ueeYe keer ` 1.29 kejes[ (` 30.97 kejes[) keer jeefMe kejeW Deewj meebefJeefOeke Deejef#eefleeeW kes
yeeo hetbpeer eejef#ele efveefOe ceW Debleefjle kej oer ieeer.
2.5 Je<e& kes oewjeve efveJesMeeW kees efJeee kes efueS GheueyOe esCeer mes heefjhekeJelee leke Oeeefjle esCeer ceW
Devleefjle kejves kes keejCe cetue ceW DeeF& keceer nsleg ` 0.07 kejes[ (` Metve kejes[) Deewj
heefjhekeJelee leke Oeeefjle esCeer mes efJeee kes efueS GheueyOe esCeer nsleg ` Metve (` Metve kejes[)
kes efveJesMeeW hej yeQke ves cetueeme kee eeJeOeeve efkeee nw.
Non performing Non-SLR investments
(` kejes[ ceW)
swap
The fair value of the swap book (+) To

receive / (-) To pay
yeQke ves Je<e& kes oewjeve keesF& Jeeeoe oj kejej veneR efkeee.
The Bank has not entered into any forward rate agreement during the year.
yeQke ves Je<e& 2006 kes oewjeve legueve he$e keer Deeefmle Je oseleeDeesb keer nsefpebie nsleg ` 400 kejes[ kes mebkeefuhele
cetueOeve jeefMe kes yeepe oj mJewhe (DeeF&DeejSme) mJehe kes [sefjJesefJe kejej efkeS. mebkeefuhele cetueOeve
jeefMe kes yekeeee mJewhe JeemleefJeke meele Je<ees keer DeJeefOe nsleg ` 400 kejes[ (efheues Je<e& 400
kejes[) jns. Je<e& kes oewjeve ` 400 kejes[ jeefMe kes mebkeefuhele cetueOeve hej DeefmLej oj mes yeepe
kee Yegieleeve kejves Deewj efmLej oj mes yeepe eehle kejves keer yekeeee mJewhe keer efmLeefle jner.
JeJenejeW kes efueS keesF& mebheeefe&ke eefleYetefle DeeJeMeke veneR Leer. Gefele mJewhe cetue (-) ` 13.11
kejes[ ` (-) 12.79 kejes[) jne.
The Bank entered into derivatives contracts of the nature of interest Rate Swap
(IRS) amounting to Notional Principal Value of ` 400 Crore during the year 2006
to hedge on balance sheet assets and liabilities. The notional principal value of
swaps outstanding was ` 400 Crore (previous year ` 400 Crore) for an original
tenure of seven years. During the year the outstanding swap position was to
receive fixed rate of interest and to pay floating rate of interest for notional
principal amount of ` 400 Crore. No collateral securities were required for the
transactions. The fair value of swaps was ` (-) 13.11 Crore (` (-) 12.79 Crore).
3.2 SkemeeWpe uesveosve yeepe oj [sefjJesefJpe:
3.2
e.meb.
1
2
3
yeewjs
Je<e& kes oewjeve (efueKele Jeej) efkeS ieS SkemeeWpe uesveosve yeepe oj
[sefjJesefJe kee keefuhele cetueOeve
31 ceee& kees yekeeee (efueKele Jeej) SkemeeWpe uesveosve yeepe oj
[sefjJesefJe kee keefuhele cetueOeve
Ge eYeeJeer veneR Deewj yekeeee (efueKele Jeej) SkemeeWpe uesveosve
yeepe oj [sefjJesefJe kee keefuhele cetueOeve
Ge eYeeJeer veneR Deewj yekeeee (efueKele Jeej) SkemeeWpe uesveosve
yeepe oj [sefjJesefJe kee ceeke&-t-ceekes cetue
(` kejes[ ceW)
2010-11
Exchange Traded Interest Rate Derivatives
S.N.
Notional principal amount of exchange traded

interest rate derivatives undertaken during the year
(instrument-wise)
NIL

interest rate derivatives outstanding as on 31st
March (instrument-wise)
NIL

interest rate derivatives outstanding and not "highly
effective" (instrument-wise)
NIL
Mark-to-market value of exchange traded interest

rate derivatives outstanding and not "highly
effective" (instrument-wise)
NIL
Metve
Metve
70
(` in Crore)
2010-11
Metve
Metve
Particulars
3.3 [sefjJesefJe ceW peesefKece efJeieesheve hej ekeve
3.3
Disclosures on risk exposure in derivatives
ke)
iegCeelceke efJeieesheve :
A)
Qualitative Disclosure
i)
efveJesMe veerefle kes Ske Yeeie kes he ceW efveosMeke ceb[ue ves [sefjJesefJe veerefle kee Devegceesove efkeee,
efpemeceW $e+Ce peesefKece Deewj yeepeej peesefKece kes ceeheve Yeer Meeefceue nQ.
i)
As a part of investment policy, derivative policy is approved by the Board,

which includes measurement of credit & market risk.
ii)
Ge keer efveiejeveer kes efueS yeQke ceW nsefpebie Je eefeeeDeeW nsleg veerefleeeb ueeiet nQ.
ii)
Policy for hedging and processes for monitoring the same are in place.
iii)
leguevehe$e eyebOeve nsleg nsefpebie JeJenej efkeS ieS nQ. peesefKeceeW keer efveiejeveer Deewj efjheesef&bie kes efueS
Gefele eCeeueer efJeeceeve nw.
iii)
The hedged transactions are undertaken for Balance Sheet management.

Proper system for reporting and monitoring of risks is in place.
iv)
yeQke Deheves mJeeb kes leguevehe$e keer eeflej#ee nsleg [sefjJesefJe Glheeo kee eeesie kejlee nw. yeQke ves
Jeeheej kes eeespeve nsleg [sefjJesefJe Glheeo kee Gheeesie veneR efkeee nw. [sefjJesefJe heefjeeueveeW kes
peesefKece eyebOeve kee keee& Ge mlejere eyebOeve/ keee&heeueke osKeles nQ pees yeQke kes kesvere
keeee&uee kees efjhees& kejles nQ. mJewheeW keer efveiejeveer efveeefcele DeeOeej hej keer peeleer nw.
iv)
The Bank uses derivative products for hedging its own Balance Sheet. Risk
Management of derivative operations is headed by a Top Management
Executive who reports to Central Office. The swaps are tracked on regular
basis.
v)
yeQke ceW eeflejef#ele Deewj iewj eeflejef#ele JeJenejeW kees DeefYeuesKeyeOo kejves keer Gefele uesKee veerefle
efJeeceeve nw, efpemeceW Deee efveOee&jCe, yekeeee kejejeW kee cetueebkeve Deewj $e+Ce peesefKece kees kece
kejvee Meeefceue nw pewmee efke cenlJehetCe& uesKee-veerefleeeW keer Devegmeteer 17 kes heefjso 3.4 (SHe)
(ii) ceW yeleeee ieee nw.
v)
Accounting Policy for recording hedge and non-hedge transactions is in

place, which includes recognition of income, valuation of outstanding
contracts and credit risk mitigation as given in para 3.4 (f)(ii) of Schedule
17, viz., Significant Accounting Policies.
vi)
Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW Deewj eeuet efJeieesheve eefeee kes Devegmeej heefjkeefuele mebefJeoe
[sefjJesefJe kes $e+Ce efJeieesheve hej yeQke ves Dehesef#ele eeJeOeeve kej efueS nQ.
vi)
The bank has made requisite provision on credit exposure of derivative

contracts computed as per current exposure method & as per RBI
guidelines.
B)
Quantitative Disclosures
Ke) cee$eelceke ekeve :

(` kejes[ ceW)
e.meb. efJeJejCe
(i)
(ii)
yeepe oj
[sefjJesefJe
kejsvmeer [sefjJesefJe
[sefjJesefJe (keefuhele cetueOeve)
Particulars
(i)
Derivatives (Notional Principal Amount)
Currency
Derivatives
Interest rate
derivatives
ke) nsefpebie kes efueS
1667.48
400.00
a) For hedging
1667.48
400.00
Ke) Jeeheej kes efueS
4618.44
(Metve)
b) For trading
4618.44
Nil
yeepeej nsleg efeefvnle efmLeefleeeb [1]
(ii)
ke) Deeefmle (+)
8.55
Metve
Ke) oseleeSb (-)
Metve
(-)13.11
(iii)
$e+Ce efJeieesheve [2]
134.27
4.00
(iv)
yeepe oj ceW 1 eefleMele heefjJele&ve kee mebYeeefJele Demej (100*heerJeer 01)
(v)
(` in Crore)
S.
N.
ke) nsefpebie [sefjJesefJe hej
Metve
(-)9.75
Ke) Jeeheej [sefjJesefJe hej
Metve
Metve
Marked to Market Positions [1]

a) Asset (+)
b) Liability (-)
Je<e& kes oewjeve 100*heerJeer 01 osKee ieee DeefOekelece Deewj vetvelece mlej
8.55
Nil
Nil
(-)13.11
134.27
4.00
(iii)
Credit Exposure [2]
(iv)
Likely impact of one percentage change in interest rate (100*PV01)
(v)
a) on hedging derivatives
Nil
(-)9.75
b) on trading derivatives
Nil
Nil
Maximum and Minimum of 100*PV01 observed during the year
ke) nsefpebie hej
Metve DeefOeke. (-)10.94

vetve.
9.75
a) on hedging
Nil
Max (-)10.94
Min
9.75
Ke) Jeeheej hej
Metve
b) on trading
Nil
Nil
3.4
3.4 [sefjJesefJe efJeieesheve hej ceeveke eeJeOeeve:
eb.
efJeJejCe
Metve
Standard provision on derivative exposure:
(` kejes[ ceW)
(` in Crore)
$e+Ce efJeieesheve
31.03.2011 kees
ceeveke DeefieceeW hej ueeiet
eeJeOeeve
Sr.
No.
Particulars
yeepe oj [sefjJesefJe
Metve
Metve
Interest rate derivative
efJeosMeer efJeefvecee [sefjJesefJe
8.55
0.03
Foreign exchange derivate
mJeCe& mebefJeoe
Metve
Metve
Gold contract
71
Credit
Exposure
Provision as
applicable to
standard advances
as on 31.03.2011
Nil
Nil
8.55
0.03
Nil
Nil

4
Deeefmle iegCeJeee
4.1 Devepe&ke Deeefmleeeb
(i)
efveJeue DeefieceeW ceW efveJeue Devepe&ke Deeefmleeeb (%)
(ii)
Devepe&ke Deeefmle ieefleMeeruelee (mekeue)
Non-Performing Assets
31.03.2011
31.03.2010
1.32
1.64
(` in Crore)
Particulars
(i)
Net NPAs to Net Advances (%)
31.03.2011
31.03.2010
1.32
1.64
1209.79
798.41
(ii) Movement of NPAs (Gross)
(ke) eejbefYeke Mes<e
1209.79
798.41
(a) Opening balance
(Ke) Je<e& kes oewjeve heefjJeOe&ve
699.15
875.72
(b) Additions during the year
699.15
875.72
(ie) Je<e& kes oewjeve keceer
735.24
464.32
(c) Reductions during the year
735.24
464.34
1173.70
1209.79
1173.70
1209.79
662.43
271.90
(Ie) Debeflece Mes<e
(d) Closing balance
kegue Devepe&ke DeeefmleeeW keer ieefleMeeruelee
(iii) Movement of Net NPAs
(ke) efveJeue eejbefYeke Mes<e
662.43
pees[W-Fmeerpeermeer/[erDeeF&meerpeermeer efveheees iees Keeles
271.90
(a) Opening balance
21.49
21.49
21.49
21.49
683.92
293.39
Gross: Opening Balance
683.92
293.39
(Ke) Je<e& kes oewjeve heefjJeOe&ve
444.47
623.47
(b) Additions during the year
444.47
623.47
(ie) Je<e& kes oewjeve keceer
475.87
232.94
(c) Reductions during the year
475.87
232.94
(Ie) mekeue Debeflece Mes<e
652.52
683.92
(d) Gross closing balance
652.52
683.92
mekeue eejbefYeke Mes<e
IeeeW- Fmeerpeermeer/[erDeeF&meerpeermeer efveheees iees Keeles

efveJeue Deefvlece Mes<e
33.57
21.49
618.95
662.43
Add: ECGC/DICGC Settled amount
Less ECGC/DICGC Settled amount

Net closing Balance
(iv) Devepe&ke DeeefmleeeW kes eeJeOeeveeW keer ieefleMeeruelee (ceeveke DeeefmleeeW kes eeJeOeeveeW kes Deefleefje)
33.57
21.49
618.95
662.43
(iv) Movement of provisions for NPAs (excluding provisions on standard assets)
(ke) eejbefYeke Mes<e
519.11
504.31
(a) Opening balance
519.11
504.31
(Ke) Je<e& kes oewjeve efkeS ieS eeJeOeeve
342.01
250.62
(b) Provisions made during the year
342.01
250.62
(ie) Deefleefje eeJeOeeveeW kee eefleuesKeve/yes Keeles [euevee
349.84
235.82
(c) Write-back/write off of excess provisions
349.84
235.82
(Ie) Debeflece Mes<e
511.28
519.11
(d) Closing balance
511.28
519.11
4.2 Je<e& kes oewjeve yeQke ves uesKeebkeve veerefle ceW jef#ele DeJeceeveke DeeefmleeeW kes efueS eeJeOeeveeW keer meercee
kees 10 % mes ye]{ekej 15% kej efoee nw. Ge yeoueeJe kes keejCe Je<e& kes efueS efveJeue ueeYe (kejeW
kee efveJeue) ` 18.86 kejes[ (Metve kejes[) kece ngDee.
4.3 hegvemejefele $e+Ce KeeleeW kes efJeJejCe
(` kejes[ ceW)
esCeer
efJeJejCe
GOeejkelee&DeeW keer mebKee
hegvemejefele
ceeveke
Deefiece
hegvemejefele
DeJeceeveke
Deefiece
hegvemejefele
mebefoiOe
Deefiece
yekeeee jkece
heefjleeie
(Gefele cetue ceW keceer)
meer[erDeej
SmeSceF& $e+Ce
hegvemejevee
1
44.73
26
20.94
0.64
12.56
17
6.66
heefjleeie
0.00
0.16
0. 17
0.00
yekeeee jkece
1.01
0.02
heefjleeie (Gefele cetue ceW

keceer)
0.0012
29
1649
44.73
36.27
351.41
0.80
Particulars of Accounts restructured

Particulars
No. of Borrowers
Standard
Advances
Restructured
344.73
1.29
1.29
4.3
1628
14.32
heefjleeie
The Bank has changed the accounting policy for provisioning in respect of
secured sub-standard assets from 10% to 15% during the year. Due to the
said change, the net profit (net of taxes) for the year is lower by ` 18.86
crore, (Nil Crore).
Category
0.00
yekeeee jkece
4.2
(` in Crore)
Deve
yekeeee jkece

kegue
Asset Quality
4.1
(` kejes[ ceW)
efJeJejCe
(iii)
4.
Sub-Standard
Advances
Restructured
Doubtful
Advances
Restructured
Amount Outstanding
Sacrifice
(Diminution in the
Fair Value)
12.73
72
Others
26
1628
44.73
20.94
344.73
12.56
1.29
0.64
No. of Borrowers
17
Amount Outstanding
14.32
6.66
Sacrifice
(Diminution in the
Fair Value)
0.16
0.17
No. of Borrowers
Amount Outstanding
1.01
0.02
Sacrifice
(Diminution in the
Fair Value)
0.0012
No. of Borrowers
29
1649
44.73
36.27
351.41
1.29
0.80
12.73
Amount Outstanding
TOTAL
CDR
SME Debt
Mechanism Restructuring
Sacrifice
(Diminution in the
Fair Value)
4.4 Deeefmle hegveefve&ceeCe nsleg eefleYeteflekejCe SJeb hegveefve&cee&Ce kebheveer kees yeseer ieF& efJeeere DeeefmleeeW
kee efJeJejCe
(` kejes[ ceW)
efJeJejCe
31.03.2011
31.03.2010
eefleYeteflekejCe/hegveefve&cee&Ce kebheveer kees yeses ieS KeeleeW kee

kegue cetue (eeJeOeeveeW kee efveJeue)
0.00
0.00
kegue eefleHeue
0.00
0.00
hetJe& Je<ees ceW Debleefjle KeeleeW kes ceeceues ceW eehle Deefleefje
eefleHeue
0.00
0.00
MegOo Keeleeyener cetue keer leguevee ceW kegue eeefhle/neefve
0.00
0.00
KeeleeW keer mebKee
1. (ke) Je<e& kes oewjeve Kejeros iees KeeleeW keer mebKee

(Ke) mekeue yekeeee
2. (ke) FveceW mes Je<e& kes oewjeve hegveefve&efce&le KeeleeW
keer mebKee
(Ke) mekeue yekeeee
Details of nancial assets sold to securitization / reconstruction

company for Asset Reconstruction
(` in Crore)
Particulars
31.03.2011
31.03.2010
Nil
Nil
Aggregate value (net of provisions) of

accounts sold to SC/RC.
0.00
0.00
Aggregate consideration
0.00
0.00
Additional consideration realized in respect

of accounts transferred in earlier years
0.00
0.00
Aggregate gain/loss over net book value.
0.00
0.00
No. of accounts
4.5
4.5 Kejeroer ieF& Devepe&ke efJeeere DeeefmleeeW kee yeewje

efJeJejCe
4.4
Details of non performing nancial assets purchased

(` in Crore)
(` kejes[ ceW)
31.03.2011
31.03.2010
Metve
Metve
Metve
Metve
Metve
Metve
Metve
Metve
Particulars
1. (a)
(b)
2. (a)
(b)
4.6 yeseer ieF& Devepe&ke efJeeere DeeefmleeeW kee yeewje
4.6
31.03.2011
31.03.2010
Nil
Nil
0.00
0.00
Nil
Nil
0.00
0.00
31.03.2011
31.03.2010
Nil
Nil
No. of accounts purchased during the

year
Aggregate outstanding
Of these, no of accounts restructured
during the year
Aggregate outstanding
Details of non performing nancial assets sold
(` kejes[ ceW)
efJeJejCe
(` in Crore)
31.3.2011
31.03.2010
1. Je<e& kes oewjeve yeses iees KeeleeW keer mebKee
Metve
Metve
1. No. of accounts sold during the year
2. mekeue yekeeee
Metve
Metve
2. Aggregate outstanding
0.00
0.00
3. eehle mekeue eefleHeue
Metve
Metve
3. Aggregate consideration received
0.00
0.00
31.03.2011
31.03.2010
37.58
-3.48
0.03
0.00
Particulars
4.7 ceeveke DeeefmleeeW nsleg eeJeOeeve
4.7
Provisions on Standard Assets

(` in Crore)
(` kejes[ ceW)
efJeJejCe
Je<e& kes oewjeve ceeveke DeeefmleeeW nsleg eeJeOeeve
Hee@jskeme Deewj Jeeeoe mebefJeoe ceeveke DeeefmleeeW nsleg eeJeOeeve
31.03.2011
31.03.2010
37.58
-3.48
0.03
0.00
Particulars
Provisions towards Standard Assets for the year
Provisions towards Standard Assets Forex &
Forward Contracts
Je<e& keer meceeefhle hej yeQke eje Oeeefjle ceeveke DeeefmleeeW nsleg ` 191.39 kejes[ (` 153.81
kejes[) kes mebeeer eeJeOeeveeW kees leguevehe$e keer Devegmeteer 5 ceW Deve oseleeDeesb Deewj eeJeOeeveeW kes
Debleie&le Meeefceue efkeee ieee nw.
4.8 yeQke kees ke=ef<e $e+Ce ceeHeer Je $e+Ce jenle eespevee 2008 (S[er[yuet[erDeej) kes Debleie&le meebefJeefOeke
kesvere uesKeehejer#ekeeW eje DeefOeeceeefCele efkeS Devegmeej oeJeeW hej Yeejleere efjpeJe& yeQke mes oeJes
keer jeefMe eehle ngF& nw. efpemekee efJeJejCe efvecveevegmeej nw:
The cumulative provision towards Standard Assets held by the Bank as at

the year end amounting to ` 191.39 Crore (` 153.81 Crore) is included
under Other Liabilities and Provisions in Schedule 5 to the Balance Sheet.
4.8
(` kejes[ ceW)
efJeJejCe
31.03.2011
In terms of Agriculture Debt Waiver and Debt Relief Scheme, 2008

(ADWDR) Scheme, the bank has received claim amount from Reserve
Bank of India (RBI) against claims as certified by Central Statutory Auditors.
Details of which are as follows:
(` in Crore)
Particulars
31.03.2010
De) ke=ef<e $e+Ce ceeHeer
A)
31.03.2011
31.03.2010
Agriculture Debt Waiver
1) emlegle oeJes
219.27
218.32
a)
Claims Submitted
219.27
218.32
2) eehle oeJes
219.27
144.17
b)
Claims Received
219.27
144.17
ye) ke=ef<e $e+Ce jenle
B)
Agriculture Debt Relief
1) emlegle oeJes
82.01
Metve
a)
Claims Submitted
82.01
Nil
2) eehle oeJes
82.01
Metve
b)
Claims Received
82.01
Nil
4.9 ke=ef<e hej yeepe
4.9
Interest on Agriculture
Interest accrued but not due of ` 96.63 Crore in respect of agricultural
advances hitherto classified under Other Assets is now classified as
Agriculture advances and adequate provision for Standard Asset is made
there against.
ke=ef<e DeefieceeW kes mebyebOe ceW ` 96.63 kejes[ kee Gheefele efkebleg Deose yeepe pees Deye leke Deve
DeeefmleeeW kes Debleie&le Jeieer&ke=le Lee Jen Deye ke=ef<e Deefiece kes he ceW Jeieer&ke=le efkeee ieee nw leLee
Gve hej ceeveke Deeefmle kes efueS heee&hle eeJeOeeve yeveeS ieS nQ.
73

4.10 Details of oating provisions
4.10 DeefmLej eeJeOeeveeW kes efJeJejCe
(` kejes[ ceW)
ceoW
31.03.2011
(ke) DeefmLej eeJeOeeveeW kes Keeles ceW eejbefYeke Mes<e
0.00
(Ke) uesKee Je<e& kes oewjeve efkeee ieee DeefmLej eeJeOeeve keer
cee$ee
0.00
(ie) uesKee Je<e& kes oewjeve Deenefjle keer ieF& jkece
0.00
(Ie) DeefmLej eeJeOeeveeW kes KeeleeW ceW Debeflece Mes<e
0.00
(` in Crore)
Items
31.03.2011
31.03.2010
0.00
(a) Opening Balance in the floating provisions

account
0.00
0.00
0.00
(b) The quantum of floating provisions made

in the accounting year
0.00
0.00
0.00
(c) Amount of draw down made during the

accounting year
0.00
0.00
0.00
(d) Closing Balance in the floating provisions

account
0.00
0.00
31.03.2010
4.11 yeQke yeercee keejesyeej:
4.11 Bancassurance Business

The income earned under Bancassurance is ` 6.32 Crore (` 4.48 crore).
The details of Bancassurance income is as under:
(` in Crore)
yeQke yeercee keejesyeej kes Debleie&le ` 6.32 kejes[(4.48 kejes[) keer Deee ngF& nw. yeQke yeercee
keejesyeej Deee kes yeesjs efvecveevegmeej nw:(` kejes[ ceW)
Deee keer eke=efle
jkece
Nature of Income
peerJeve yeercee hee@efuemeer kes efJeee nsleg
3.28
For selling life insurance policies
3.28
iewj peerJeve yeercee hee@efuemeer kes efJeee nsleg
2.47
For selling non-life insurance policies
2.47
cegetDeue Heb[ Glheeo kes efJeee nsleg
0.57
For selling mutual fund products
0.57
Deve (efJeJejCe oW)
Metve
Others (specify)
0.00
5.
5.
keejesyeejer Devegheele:
efJeJejCe
31.03.2011
Amount
Business Ratios
Particulars
31.03.2010
31.03.2011
31.03.2010
Interest Income as a percentage to

Working Funds.
7.92%
7.50%
(ii) Non-Interest Income as a percentage to

Working Funds.
0.76%
0.94%
(iii) Operating Profit as a percentage to

Working Funds.
1.22%
1.29%
(iv) Return on Assets
0.47%
0.70%
(i)
(i)
keee&keejer efveefOeeeW mes yeepe Deee kee eefleMele
7.92%
7.50%
(ii)
keee&keejer efveefOeeeW mes Deyeepeer Deee kee eefleMele
0.76%
0.94%
(iii)
keee&keejer efveefOeeeW mes heefjeeueveiele ueeYe kee

eefleMele
1.22%
1.29%
DeeefmleeeW hej Deee
0.47%
0.70%
eefle kece&eejer keejesyeej (pecee + Deefiece)

(` kejes[ ceW)
8.25
7.62
(v) Business (Deposits + Advances) per

employee (` in Crore)
8.25
7.62
eefle kece&eejer ueeYe (` ueeKe ceW)
2.38
3.21
(vi) Profit per Employee (` in lakh)
2.38
3.21
(iv)
(v)
(vi)
6.
6.
Deeefmle oselee eyebOeve:
Asset Liability Management:

Maturity pattern of certain items of Assets and Liabilities
DeeefmleeeW Deewj oseleeDeesb keer keg ceoeW keer heefjhekeJelee heOoefle

efJeJejCe
1 efove
Particulars
1 day
2 mes 7 efove
2 to
7 days
8 mes 14 efove 15 mes 28 efove
339.96
4007.22
1959.94
2140.62
7063.86
4965.94
9363.40
35628.80
980.19
499.18
852.41
759.10
4896.16
2044.75
3160.34
24.88
271.82
117.48
212.80
219.42
298.60
0.00
0.00
0.00
0.00
19.24
452.20
17.44
53.61
874.97
434.44
69.31
22.58
992.80
8 to
14 days
29 efove mes
3 ceen mes 6 ceen mes DeefOeke 1 Je<e& mes DeefOeke 3 Je<e& mes DeefOeke
5 Je<e& mes
DeefOeke
Total
880.50
494.50
66844.74
22327.12
6204.00
5764.16
47487.41
111.18
1719.07
3127.05
16512.21
22614.51
23.64
47.00
287.58
0.07
0.01
377.54
1471.69
846.13
436.00
0.00
0.00
13.10
4165.14
1390.86
836.21
382.40
30.55
13.07
0.00
4172.22
15 to 28
3 ceen DeefOeke 6 ceen Deewj 1 Je<e& leke Deewj 3 Je<e& leke Deewj 5 Je<e& leke
days 29 days to 3
Over 6 Over 1 & up Over 3 & up
leke
months Over 3 & up months & up
to 3 years
to 5 years
to 1 year
to 6 months
Over 5
years
kegue
peceejeefMeeeb
Deposits
Deefece
Advances
efveJesMe
Investments
GOeej
Borrowings
efJeosMeer cege DeeefmleeeB

Foreign Currency Assets
efJeosMeer cege oseleeSB

Foreign Currency Liabilities
Gkele kee mebkeueve eyebOeve eje efoee ieee nw efpeme hej uesKeehejer#ekeeW ves efJeeeme efkeee nw. The above is compiled by the management and relied upon by the Auditors.
74
7. pecee Je DeefieceeW kee peceeJe, efJeieesheve leLee Devepe&ke Deeefmleeeb

7.1 peceejeefMeeeW kee peceeJe
7.
Concentration of Deposits, Advances, Exposure and NPA
7.1
Concentration of Deposits
(` kejes[ ceW)
20 ye[s peceekelee&Deesb keer kegue peceejeefMeeeb
7407.83
yeQke keer kegue peceejeefMeeeW mes 20 ye[s peceekelee&Deesb keer kegue

peceejeefMeeeW kee eefleMele
11.08%
(` in Crore)
7.2 DeefieceeW kee peceeJe
Total Deposits of Twenty largest Depositors
7407.83
Percentage of Deposits of Twenty largest depositors to Total

Deposits of the Bank
11.08%
7.2
Concentration of Advances
(` in Crore)
(` kejes[ ceW)
20 ye[s GOeejkelee&Deesb kes kegue Deefiece
9902.63
yeQke kes kegue DeefieceeW mes 20 ye[s GOeejkelee&Deesb kes DeefieceeW kee eefleMele
20.85%
7.3 efJeieesheveeW kee peceeJe
Total Advances of Twenty largest borrowers
9902.63
Percentage of Advances of Twenty largest borrowers to Total

Advances of the Bank
20.85%
7.3
Concentration of Exposure
(` kejes[ ceW)
20 ye[s GOeejkelee&Deesb / ieenkeeW kees kegue efJeieesheve
(` in Crore)
11364.54
GOeejkelee&Deesb / ieenkeeW ceW yeQke kes kegue efJeieesheve mes 20 ye[s GOeejkelee&Deesb/
ieenkeeW kes kegue efJeieesheve kee eefleMele
Total Exposure to twenty largest borrowers/ customers
11364.54
Percentage of Exposures of Twenty largest borrowers/customers

to Total Exposure of the Bank on borrowers/ customers
20.35%
7.4 Devepe&ke DeeefmleeeW kee peceeJe
7.4
Concentration of NPAs
(` kejes[ ceW)
Meer<e& 4 Devepe&ke KeeleeW ceW kegue efJeieesheve
(` in Crore)
114.69
Total Exposure to top four NPA accounts
7.5 #es$eJeej Devepe&ke Deeefmleeeb

De.
e.
#es$e
20.35%
7.5
Sector-wise NPAs
S.N.
mebyebefOele #es$e kes kegue DeefieceeW mes

Devepe&ke DeefieceeW kee eefleMele
114.69
Sector
Percentage of NPAs
to Total Advances in
that sector
ke=ef<e Deewj meneeke ieefleefJeefOeeeb
6.68%
Agriculture & allied activities
6.68%
Geesie (met#ce Je ueIeg, ceOece Deewj ye[s)
3.63%
Industry (Micro & small, Medium and Large)
3.63%
mesJeeSb
7.83%
Services
7.83%
Jeweefeke $e+Ce
24.47%
Personal Loans
7.6
7.6
mekeue Devepe&ke DeefieceeW keer ieefleMeeruelee:
24.47%
Movement of Gross NPAs
(` kejes[ ceW)
efJeJejCe
(` in Crore)
jkece
1 Deewue 2010 kees mekeue Devepe&ke Deeefmleeeb (DeejbefYeke Mes<e)
1209.79
Je<e& kes oewjeve heefjJeOe&ve
Amount
Gross NPAs as on 1st April 2010 ( Opening Balance)
1209.79
Additions during the year
699.15
Ghe pees[ (ke)
Particulars
699.15
Sub-total (A)
1908.94
1908.94
Less:
IeeF&S :
(i)
Upgradations
107.70
(i)
keesefGVeeve
107.70
(ii)
Jemetueer (keesefGVele KeeleeW ceW ngF& Jemetueer kees es[kej)
277.70
(ii) Recoveries (excluding recoveries made from upgraded

accounts)
277.70
(iii)
yes Keeles ceW [eueer ieF& jkece
349.84
(iii) Write-offs
349.84
Ghe pees[ (Ke)

31 ceee& 2011 kees mekeue Devepe&ke Deeefmleeeb (Debeflece Mes<e)(ke-Ke)
735.24
Sub-Total (B)
735.24
1173.70
Gross NPAs s on 31st March 2011 ( Closing Balance) (A-B)
1173.70
7.7 efJeosMeeW ceW Deeefmleeeb, Devepe&ke Deeefmleeeb Je jepemJe
7.7
(` kejes[ ceW)
efJeJejCe
kegue Deeefmleeeb
Overseas Assets, NPAs and Revenue

(` in Crore)
jkece
Particulars
Amount
69.65
Total Assets
69.65
kegue Devepe&ke Deeefmleeeb
Metve
Total NPAs
kegue jepemJe
0.25
Total Revenue
75
NIL
0.25

7.8 leguevehe$e kes yeenj eeeesefpele SmeheerJeer
(uesKee ceeveob[eW kes Devegmeej efpevns mecesefkele kejvee DeeJeMeke nw)
7.8
Name of the SPV sponsored
eeeesefpele SmeheerJeer kee veece

Iejsuet
Metve
mecegheejere
Metve
8. efJeieesheve:
8.1 mLeeJej mebheoe #es$e ceW efJeieesheve
esCeer
ke. ele#e efJeieesheve
Off-balance sheet SPVs sponsored

(Which are required to be consolidated as per accounting norms)
Domestic
(` kejes[ ceW)
31.03.2011
5409.20
NIL
8.
Exposures:
8.1
Exposure to Real Estate Sector
Category
31.03.2010
5201.20
5409.20
5201.20
Residential Mortgages
Out of which Loans up to ` 20 lakh Lending
fully secured by mortgage on residential
property that is or will be occupied by the
borrower or that is rented
4599.38
3267.04
3760.58
3028.05
809.82
1440.62
Nil
Nil
Nil
Nil
2625.01
2882.57
8034.21
8083.77
31.03.2011
31.03.2010
DeeJeemeere yebOeke
efpememes ` 20.00 ueeKe leke kes $e+Ce GOeejkelee&DeeW eje
DeefOeieefnle ee DeefOeienCe keer peeves Jeeueer ee efkejees mes oer
mebheefe hej efoes iees $e+Ce yebOeke eje hetCe&le: jef#ele nQ.
4599.38
3267.04
3760.58
3028.05
ii)
JeeefCeefpeke mLeeJej mebheoe

JeeefCeefpeke mLeeJej mebheoe hej yebOeke eje jef#ele
$e+Ce (keeee&uee YeJeve, efjsue mLeeve, yengeeespe
JeeefCeefpeke heefjmej, yeng-DeeJeemeere YeJeve, DeefOeke
efkejeesoej Jeeues JeeefCeefpeke heefjmej, Deeweesefieke ee
ieesoece mLeeve, nesue, YetDeefOeienCe, efJekeeme Deewj
efvecee&Ce Deeefo) efveJesMe ceW iewjefveefOe DeeOeeefjle meerceeSb Yeer
Meeefceue nQ.
809.82
1440.62
(ii) Commercial Real Estate

Lending secured by mortgages on
commercial real estates (office buildings,
retail space, multi-purpose commercial
premises, multi-family residential buildings,
multi-tenanted
commercial
premises,
industrial or warehouse space, hotels, land
acquisition, development and construction,
etc.) Exposure also includes non-fund
based (NFB) limits.
iii)
yebOeke eje eeflejef#ele eefleYetefleeeW (SceyeerSme) leLee

Deve jef#ele efJeieesheveeW ceW efveJesMeke) DeeJeemeere
Ke) JeeefCeefpeke mLeeJej mebheoe
2625.01
2882.57
mLeeJej mebheoe #es$e nsleg kegue efJeieesheve
8034.21
8083.77
8.2 hetbpeer yeepeej ceW efJeieesheve

efJeJejCe
(iii) Investments in Mortgage Backed Securities

(MBS) and other securitized exposures
a. Residential,
b. Commercial Real Estate.
b)
Ke) Deele#e efveJesMe

jeêre DeeJeeme yeQke Deewj DeeJeemeere efJee kebheefveeeW ceW
efveefOe DeeOeeefjle Deewj iewj efveefOe DeeOeeefjle efveJesMe efJeieesheve
Indirect Exposure
Fund based and non-fund based exposures
on National Housing Bank (NHB) and
Housing Finance Companies (HFCs).
Total Exposure to Real Estate Sector

8.2
(` kejes[ ceW)
31.03.2010
Direct exposure
i)
Metve
Metve
(` in Crore)
31.03.2011
a)
(i)
Metve
Metve
Overseas
NIL
Exposure to Capital Market
Particulars
(` in Crore)
31.03.2011
31.03.2010
i)
F&efkeJeer Mesej,heefjJele&veere yee@C[, heefjJele&veere ef[yeWejeW,

F&efkeJeer GvcegKe cetetDeue Heb[eW keer etefveeW ceW ele#e
efveJesMe efpemekeer cetueefveefOe kee efveJesMe kesJeue mebmLeeiele
$e+CeeW ceW veneR efkeee ieee nw.
96.62
121.62
i)
Direct investment in equity shares,

convertible bonds, convertible debentures
and units of equity-oriented mutual funds
the corpus of which is not exclusively
invested in corporate debt;
96.62
121.62
ii)
JeefeeeW kees F&efkeJeer MesejeW (DeeF&heerDees/F&SmeDeesheerSme

meefnle), heefjJele&veere yee@C[eW, heefjJele&veere ef[yeWejeW,
F&efkeJeer GvcegKe cetetDeue Heb[es ceW efveJesMe kejves nsleg
MesejeW/yee@C[eW/ef[yeWejeW ee efkemeer Deve eefleYetefle hej ee
iewj peceeveleer DeeOeej hej Deefiece
0.10
0.38
ii)
Advances
against
shares/bonds/
debentures or other securities or on clean
basis to individuals for investment in shares
(including
IPOs/ESOPs),
convertible
bonds, convertible debentures and units of
equity-oriented mutual funds;
0.10
0.38
iii)
Deve efkemeer eeespeve nsleg Deefiece, peneB MesejeW ee

heefjJele&veere yee@C[eW ee heefjJele&veere ef[yeWejeW ee F&efkeJeer
GvcegKe cetetDeue Heb[eW keer etefveeW kees eeLeefceke
eefleYetefle kes he ceW efueee ieee nw
1.60
5.78
iii)
Advances for any other purposes where

shares or convertible bonds or convertible
debentures or units of equity oriented
mutual funds are taken as primary
security;
1.60
5.78
Deve efkemeer eeespeve nsleg Deefiece, peneB MesejeW ee

heefjJele&veere yee@C[eW ee ef[yeWejeW ee F&efkeJeer GvcegKe
cetegDeue Heb[eW keer etefveeW kees mebheeeefJe&ke eefleYetefle
ceevee ieee nw DeLee&le peneb MesejeW/heefjJele&veere yee@C[eW/
heefjJele&veere ef[yeWejeW/F&efkeJeer GvcegKe Heb[ etefveeW mes
Flej eeLeefceke eefleYetefle DeefieceeW kees hetCe&le: keJej veneR
kejleer.
7.33
Metve
iv) Advances for any other purposes to the

extent secured by the collateral security or
mutual funds ie where the primary security
other than shares/convertible bonds/
convertible debentures/units of equity
oriented mutual funds does not fully cover
the advances;
7.33
Nil
iv)
76
v)
me@ke yeeskejeW kees peceeveleer Deewj iewj peceeveleer Deefiece

leLee me@ke yeeskejeW SJeb ceekex ceskejeW keer Deesj mes peejer
ieejbefeeb
103.45
63.59
v) Secured and unsecured advances to

stockbrokers and guarantees issued
on behalf of stockbrokers and market
makers;
103.45
63.59
vi)
mebmeeOeve pegeves keer eleeMee ceW veF& kebheefveeeW keer

F&efkeJeer ceW eJele&ke kes DebMeoeve keer jkece pegeves
nsleg MesejeW / yee@C[eW / ef[yeWejeW ee Deve eefleYetefleeeW
hej ee iewj peceeveleer DeeOeej hej mebmLeeDeesb kees cebpetj
$e+Ce
Metve
Metve
vi) Loans sanctioned to corporates against

the security of shares/bonds/debentures
or other securities or on clean basis for
meeting promoters contribution to the
equity of new companies in anticipation of
raising resources;
Nil
Nil
vii)
Dehesef#ele F&efkeJeer eJeen/efveie&ceeW hej kebheefveeeW kees hetjke

$e+Ce
Metve
Metve
vii) Bridge loans to companies

expected equity flows/issues;
against
Nil
Nil
viii)
MesejeW kes eejbefYeke efveie&ce ee heefjJele&veere yee@C[eW ee

heefjJele&veere ef[yeWejeWW ee F&efkeJeer GvcegKe cetetDeue Heb[
keer etefveeW kes mecyebOe ceW yeQke eje ueer ieF& neceeroejer
eefleyeOoleeSb
Metve
Metve
viii) Underwriting commitments taken up by

the banks in respect of primary issue of
mutual funds;
Nil
Nil
ix)
ceeefpe&ve Jeeheej nsleg me@ke yeeskejeW kees efJeehees<eCe
Metve
Metve
Nil
Nil
x)
Geceer hetbpeer efveefOeeeW (hebpeerke=le Je Dehebpeerke=le oesveeW) ceW

meYeer efveJesMe
21.64
17.68
ix) Financing to stockbrokers for margin

trading;
21.64
17.68
230.74
209.05
230.74
209.05
hetbpeer yeepeej ceW kegue efveJesMe
x)
All exposures to Venture Capital Funds

(both registered and unregistered)
Total Exposure to Capital Market
8.3 peesefKece esCeerJeej osMe efveJesMe
8.3
Risk Category wise Country Exposure

(` in Crore)
(` kejes[ ceW)
peesefKece esCeer
31.03.2011 kees
efveJesMe (efveJeue)
31.03.2011 kees
Oeeefjle eeJeOeeve
31.03.2010 kees
efveJesMe (efveJeue)
Risk
Category
31.03.2010 kees
Oeeefjle eeJeOeeve
Exposure (net) Provision held Exposure (net) Provision held

as at March
as at March
as at March
as at March
31, 2011
31, 2011
31, 2010
31, 2010
veieCe
738.50
0.00
752.19
0.00
Insignificant
738.50
0.00
752.19
0.00
kece
647.29
0.00
462.22
0.00
Low
647.29
0.00
462.22
0.00
90.22
0.00
101.52
0.00
Moderate
90.22
0.00
101.52
0.00
9.28
0.00
16.18
0.00
High
9.28
0.00
16.18
0.00
Deefle Ge
36.55
0.00
0.00
0.00
Very High
36.55
0.00
0.00
0.00
eefleyebefOele
10.17
0.00
17.00
0.00
Restricted
10.17
0.00
17.00
0.00
0.00
0.00
0.00
0.00
Off-credit
0.00
0.00
0.00
0.00
1532.01
0.00
1349.11
0.00
Total
1532.01
0.00
1349.11
0.00
meeOeejCe
Ge
$e+Ceslej
kegue
nj osMe kes efueS yeQke kee peesefKece esCeerJeej efveefOe DeeOeeefjle efveJeue efJeieesheve efoveebke 31.03.2011 kees
yeQke keer kegue DeeefmleeeW kes 1 eefleMele mes kece nw Dele: efoveebke 17.6.2004 kes Yee.efj.yeQke heefjhe$e
e.[eryeerDees[er. yeerheer.yeermeer.96/21.04.103/2003-04 kes Devegmeej keesF& eeJeOeeve DeeJeMeke veneR nw.
Since Banks net funded exposure for risk category-wise exposure for each
country is less than 1% of banks total assets as on 31.03.2011, no provision is
required in terms of RBI Circular No. DBOD.BP.BC.96/21.04.103 /2003-04 dated
17.06.2004.
8.4 yeQke eje heej keer ieF&b Skeue GOeejkelee& meercee (SmeyeerSue), mecetn GOeejkelee& meercee (peeryeerSue)
kee efJeJejCe
8.4
Details of Single Borrower Limit (SBL), Group Borrower Limit (GBL)

exceeded by the Bank.
The Bank has not exceeded the prudential exposure limits, in respect of
lending to single borrower or group borrower during the Financial Year
2010-2011.
efJeeere Je<e& 2010-11 kes oewjeve yeQke ves efkemeer Yeer Jeefeiele GOeejkelee& ee mecetn GOeejkelee& kees
GOeej osves kes mebyebOe ceW efJeJeskehetCe& efJeieesheve meerceeDeesb kee DeefleeceCe veneR efkeee nw.
8.5
8.5 iewj peceeveleer Deefiece :
Unsecured Advances:
Unsecured advances includes ` 349.90 crore (` 338.01 Crore) as on
31.03.2011 which are collaterally secured by intangible securities such as
charge over the rights, licenses, authority etc. The estimated value of such
intangible collateral is ` 2208.22 crore (` 3164.06 crore) as on
31.03.2011.
efoveebke 31.03.2011 kees iewj peceeveleer DeefieceeW ceW ` 349.90 kejes[(` 338.01 kejes[) kes
Deefiece Meeefceue Les pees Decetle& DeeefmleeeW pewmes efke DeefOekeejeW, ueeFmesvme, eeefOekeej Fleeefo hej
Yeej pewmeer meneeke eefleYetefleeeW mes megjef#ele Les. Fme ekeej keer Decetle& meneeke eefleYetefleeeW kee
efoveebke 31.03.2011 kees Devegceeefvele cetue ` 2208.22 kejes[ (` 3164.06 kejes[) nw.
8.6 eeJeOeeve keJejspe Devegheele :
Yeejleere efj]peJe& yeQke kes efoveebke 01 efomebyej, 2009 kes heefjhe$e e. [eryeerDees[er.SveDees.yeerheer.
yeermeer.64/21.04.048/2009-10 kes efveoxMeeW kes Devegmeej yeQke ves eeJeOeeve keJejspe Devegheele kee
heefjkeueve efkeee nw pees 65.55 eefleMele nw. Fme Devegheele kee heefjkeueve 31.03.2011 kes Devepe&ke
DeeefmleeeW kes mlej kes DeeOeej hej efkeee ieee nw:
8.6
Provisioning Coverage Ratio:

The bank has computed the Provisioning Coverage Ratio (PCR) as
required vide Circular No. DBOD.No.BP.BC.64/21.04.048/2009-2010
dated December 1, 2009 which is 65.55%. This ratio is calculated on the
basis of NPA level as on 31.03.2011 :
Whereas such Provision coverage (PCR) calculated as per RBI Circular
No.DP.DC.87/21.04.048/2010-11 dated April 21, 2011, based on NPA
level as on 30.09.2010 and NPA provision as on 31.03.2011 works out to
59.56%
peyeefke Ssmes eeJeOeeve keJejspe Yeejleere efj]peJe& yeQke kes efoveebke 21 Deewue, 2011 kes heefjhe$e e.
[erheer[ermeer 87/21.04.048/2010-11 kes DeeOeej hej heefjkeefuele efkeS ieS nQ pees 30.09.2010 kes
SveheerS mlej Deewj 31.03.2011 kes SveheerS eeJeOeeve hej DeeOeeefjle nQ pees 59.56% efvekeueles nQ.
77

9
efJeefJeOe:
9.1 Je<e& kes oewjeve Deeekej kes efueS efkeS ieS eeJeOeeve keer jkece
efJeJejCe
Deeekej nsleg eeJeOeeve
9.
Miscellaneous:
9.1
Amount of Provision made for income tax during the year:
(` kejes[ ceW)
31.3.2011
183.67
(` in Crore)
Particulars
31.3.2010
102.45
Provision for Income Tax

9.2
9.2 ueeYe-neefve Keeles ceW Kee& Meer<e& kes Debleie&le oMee&S ieS eeJeOeeve Deewj DeekeefmcekeleeSb
(` kejes[ ceW)
efJeJejCe
Devepe&ke DeeefmleeeW nsleg efkeS ieS eeJeOeeve
ceeveke DeeefmleeeW nsleg efkeS ieS eeJeOeeve
SSHeSme/SeSHeer efveJesMeeW hej cetueeme
efveJesMeeW hej eeJeOeeve
efveefOeke yeepe ceereeoer $e+Ce hej eeJeOeeve
kejeW kes efueS eeJeOeeve
DeemLeefiele kej oselee/Deeefmle
Deve eeJeOeeve Deewj DeekeefmcekeleeSb
Ghe pees[ (ke)
IeeeW : eefleuesKeve/meceeeespeve
IeeeW : DeemLeefiele kej oseleeSb/Deeefmleeeb
hegvemejefele DeefieceeW nsleg eeJeOeeve
ke=ef<e $e+Ce ceeHeer Deewj jenle kes efueS eeJeOeeve(heerJeer DeeOeej)
Deve ceoW
Ghe pees[ (Ke)
kegue eeJeOeeve Deewj DeekeefmcekeleeSb
31.03.2010
183.67
102.45
Provisions and Contingencies shown under the head Expenditure in

Prot and Loss Account
(` in Crore)
Particulars
31.03.2011
342.00
37.58
82.31
1.42
7.21
183.67
6.14
17.12
677.45
Provision towards NPA

Provisions for Standard Assets
Depreciation on investments in AFS/HFT
Provision for Investments
Provision towards FITL
Provision for taxes
Deferred Tax Liability/Asset
Other provision and contingencies
Sub-total (A)
Less: Write back /adjustments
Deferred Tax Assets/ Liability
Provision for Restructured Advances
Provision for Agriculture Debt Waiver & Relief (PV Basis)
Other items
Sub-total (B)
Total Provisions & Contingencies (A-B)
132.38
9.05
10.66
0.72
152.81
524.64
9.3 Deve DeeefmleeeW Je Deve oseleeDeesb kes Devleie&le hegjeveer eefJeefeeW, veececee$e KeeleeW meefnle Deve
yeQkeeW / mebmLeeDeesb kes heeme mebJeJenejeW, Deblej MeeKee mebJeJenejeW kes meceeOeeve/meceeheve /meceeeespeve
keer eefeee nsleg keoce G"ees pee jns nQ. Fmekes Deefleefje Deve DeeefmleeeW/oseleeDeesb, meceeMeesOeve
KeeleeW Deewj keg pecee KeeleeW kes mebyebOe ceW meeceeve Keelee yener Deewj Deveg<ebieer ceW Mes<e kes yeere
meceeOeeve Deewj Deeue DeeefmleeeW hej cetueeme eYeej leLee Deeue DeeefmleeeW kes DeblejMeeKee DeblejCe
kee keee& eieefle hej nw. efpevekes jepemJe hej eYeeJe kes meeLe ner Fvekes heefjCeeceer eYeeJe kee helee
veneR ueieeee pee mekee. eyebOeve kes DeefYecele ceW Fvekee jepemJe hej heefjCeeceer eYeeJe ceecetueer nw.
9.4 efheues Je<e& leke Deee DeefYeefveOee&jCe Deewj Deeefmle Jeieer&kejCe (DeeF&DeejSmeer) mecyebOeer efJeJeskehetCe&
ceeheob[eW kes Devegmeej Devepe&ke DeeefmleeeW kes DeefYeefveOee&jCe nsleg yeQke eje eerce mee@HeJesej kee
Gheeesie efkeee pee jne Lee. leLeeefhe efJee ceb$eeuee kes efveoxMeeW kes Deveghe Devepe&ke DeeefmleeeW kes
Jeieer&kejCe keer ef mes yeQke ves Deheveer meeryeerSme eCeeueer kees DeeF&DeejSmeer ceeheob[esb kes Devegmeej
mebMeesefOele kej efueee nw.
9.5
31.03.2011
31.03.2011
342.00
37.58
82.31
1.42
7.21
183.67
6.14
17.12
677.45
132.38
9.05
10.66
0.72
152.81
524.64
9.3
Work is in progress for adjustment/ reconciliation/elimination of interbranch transactions, transactions with other banks/institutions, nominal
accounts and old entries under other assets and liabilities. Further
reconciliation between balances in subsidiary and general ledger in respect
of certain deposit accounts, clearing accounts, other assets & liabilities and
charge of depreciation on fixed assets and inter-branch transfer of fixed
assets is still under progress. The effect of these including the consequential
impact thereof on the revenue, is not ascertainable. In the opinion of the
management consequential impact thereof on revenue is not material
9.4
Till previous year, the Bank was identifying NPAs to comply with Income
Recognition, Asset Classification (IRAC) Norms through the CREAM
software. However, to comply with the directions of Ministry of Finance, the
Bank has now modified its Core Banking Solution (CBS) system with a
view to classify NPAs as per IRAC norms.
9.5
Fixed Assets
9.5.1 The title deeds in respect of few revalued premises having cost ` 7.00
crore (` 8.02 crore) are not yet executed/registered in favor of the bank due
to certain long pending legal disputes/formalities.
efmLej Deeefmleeeb -
9.5.1 ` 7.00 kejes[ (` 8.02 kejes[) kes mekeue cetue kes keg hegvece&tueebefkele heefjmejeW kes mebyebOe ceW nke
efJeuesKe keeflehee keevetveer DeewheeeefjkeleeSb hetjer ve nesves / uebefyele nesves kes keejCe yeQke kes he#e ceW
efve<heeefole / hebpeerke=le kejvee Mes<e nw.
9.5.2 The revaluation reserve account credited in the previous year by ` 14.74
crore for the revaluation in respect of certain premises revalued in 2009-10
has now been rectified to a sum of ` 16.18 crore with consequential effect
of amortization thereof.
9.5.2 Je<e& 2009-10 ceW keeflehee heefjmejeW kes hegvece&tueebkeve kes mebyebOe ceW hegvece&tueebkeve kes efueS ` 14.74
kejes[ kees efheues Je<e& hegvece&tueebkeve Deejef#ele Keeles ceW pecee efkeee ieee pees Deye Fme hej heefjMeesOeve
kes heefjCeeceer eYeeJe kes meeLe ` 16.18 kejes[ keer jeefMe mes mebMeesefOele efkeee ieee nw.
9.5.3 Depreciation for the current year amounting to ` 12.35 crore (` 12.35 crore)
on revalued assets has been adjusted to Revaluation reserve account.
9.5.3 hegvece&tueebefkele DeeefmleeeW hej eeuet Je<e& kes oewjeve ` 12.35 kejes[ (` 12.35 kejes[) kes cetueeme
kees hegvece&tueebkeve Deejef#ele Keeles ceW meceeeesefpele efkeee ieee.
9.5.4 Depreciation on certain items of Computer peripherals & software being

charged on straight line method has exceeded the cost thereof. Such
excess charge of ` 0.65 crore for depreciation charged in earlier years has
been adjusted in the current years depreciation. This has effect of
increasing the profit before tax for the year by the said amount.
9.5.4 mee@HeJesej Deewj kechetj keer keg ceoeW hej meerOeer jsKee heefle hej eYeeefjle efkeS pee jns
cetueeme Gmekeer ueeiele mes DeefOeke nes ieS. efheues Je<ees ceW eYeeefjle cetdueNneme kes efueS ` 0.65
kejes[ kes Ssmes DeefOeke eYeej eeuet Je<e& kes cetueeme ceW meceeeesefpele kej efueS ieS nQ. en Ge
jeefMe eje Je<e& kes efueS kej hetJe& ueeYe keer Je=ef kee eYeeJe nw.
Fmeer ekeej, efheues Je<ees ceW Fuesefke^keue GhekejCeeW kes efueS cetueeme Ge oj hej eYeeefjle
efkeee ieee pees kebheveer DeefOeefveece 1956 kes Keb[ XIV kes DevegmejCe nsleg eeuet Je<e& ceW mebMeesefOele
kej efueee ieee nw. efkebleg efheues Je<ees kes DeefleeYeej kes eYeeJe kee Deye Yeer helee ueieeee peevee
leLee yeefneeW ceW eYeeJe efoee peevee yeekeer nw. eyebOeve kes DeefYecele ceW Fvekee heefjCeeceer eYeeJe
eefleketue/ceecetueer veneR nw.
Similarly, depreciation for electric equipment has been charged at higher

rate in earlier years, which had since been corrected in the current year to
fall in line with Schedule XIV of Companies Act, 1956. But the impact of
overcharge of earlier years is yet to be ascertained and given effect to the
books. In the opinion of the management consequential impact of the same
is not adverse/ material.
78
9.6 Deekeefmceke oseleeDeesb kes Debleie&le oMee&F& ieF& ieejbefeeW keer jkece ceW ` 307.64 kejes[
(` 166.83.kejes[) keer keeueeleerle ieejbefeeW keer jkece Meeefceue nw, efpevnW DeewheeeefjkeleeDeesb keer
hetefle& uebefyele nesves kes keejCe efvejmle veneR efkeee ieee nw. F&meerpeermeer kes heeme uebefyele Je GvnW emlegle
efkees peeves Jeeues ` 9.74 kejes[ (` 4.60 kejes[) kes oeJeeW kees eeJeOeeveeW kes heefjkeueve kes
eeespeveeLe& Jemetueer eesie ceevee ieee nw.
9.7 Devegmeteer 5 ceW oMee&F& ieF& Deve oseleeDeesb ceW DeoeJeeke=le Mesej DeeJesove Oeve kes he ceW ` 0.52
kejes[ (` 0.57 kejes[) keer jkece Meeefceue nw.
9.8 Je<e& kes oewjeve Yeejleere efj]peJe& yeQke ves yeQkekeejer efJeefveece DeefOeefveece, 1949 keer Oeeje 46 (4)
kes eeJeOeeveeW kes Debleie&le yeQke hej keesF& ob[ veneR ueieeee.
9.9
efJeJejCe
(ke)
Je<e& kes DeejbYe ceW uebefyele efMekeeeleeW keer mebKee
(Ke)
Je<e& kes oewjeve eehle efMekeeeleeW keer mebKee
1235
(ie)
Je<e& kes oewjeve efveheeF& ieF& efMekeeeleeW keer mebKee
1214
9.7
Other Liabilities disclosed in Schedule - 5 include ` 0.52 Crore (` 0.57 cr.)

towards unclaimed Share Application Money.
9.8
During the year, Reserve Bank of India has not imposed any penalty on the
Bank under the provisions of Section 46(4) of the Banking Regulation Act,
1949.
9.9
The details of Customer complaints dealt with by the Bank during the year
are as under:
Je<e& kes Deble ceW uebefyele efMekeeeleeW keer mebKee
Sr. No. Particulars
2010-11
27
48
efJeJejCe
2010-11
(a)
No. of complaints pending at the beginning of the year
27
(b)
No. of complaints received during the year
1235
(c)
No. of complaints redressed during the year
1214
(d)
No. of complaints pending at the end of the year
48
9.10 The details of awards passed by the Banking Ombudsman are as under:
9.10 yeQefkebie ueeskeheeue eje heeefjle efkeS ieS DeefOeefveCe&eeW kee efJeJejCe efvecveevegmeej nw:
eb.
Contingent Liabilities include expired Guarantees amount to ` 307.64

Crore (` 166.83 Crore) which has not been cancelled because of pending
completion formalities. Claims pending and to be preferred with ECGC
amounting to ` 9.74 Crore (` 4.60 Crore) have been considered as
realizable for the purpose of computing provisions.
Je<e& kes oewjeve yeQke eje efveheeF& ieF& ieenke efMekeeeleeW kee efJeJejCe efvecveevegmeej nw -
eb.
(Ie)
9.6
Sr. No.
2010-11
Particulars
2010-11
(a)
No. of unimplemented Awards at the beginning of

the year.
(b)
No. of Awards passed by the Banking Ombudsman

during the year.
(ke)
Je<e& kes DeejbYe ceW keeee&efvJele ve ngS DeefOeefveCe&eeW keer mebKee
(Ke)
Je<e& kes oewjeve yeQefkebie ueeskeheeue eje heeefjle DeefOeefveCe&eeW keer mebKee
(ie)
Je<e& kes oewjeve keeee&efvJele DeefOeefveCe&eeW keer mebKee
(c)
No. of Awards implemented during the year.
(Ie)
Je<e& kes Deble ceW keeee&efvJele ve ngS DeefOeefveCe&eeW keer mebKee
(d)
No. of unimplemented Awards at the end of the year.
9.11 Letters of Comfort (LOCs):
9.11 egkeewleer Deeeemeve he$e (SueDeesmeer):

eeuet Je<e& kes oewjeve yeQke ves ` 572.47 kejes[ kes 667 ^s[ esef[ (efheues Je<e& `582.03 kejes[
kes 398 ^s[ esef[) peejer efkeS Deewj kebheveer ieenkeeW kes efueS ^s[ esef[ cegnwee kejeves nsleg
MeeKeeDeesb eje efJeefYeVe Deve yeQkeeW kes he#e ceW egkeewleer Deeeemeve he$e peejer efkeS ieS.
During the current year, 667 trade credits aggregating to ` 572.47 Crore
(Previous year 398 trade credits aggregating to ` 582.03 Crore) were
sanctioned by the Bank and Letters of Comfort issued by the branches in
favor of various other Banks for arranging trade credit to corporate clients.
efoveebke 31.03.2010 kees ` 183.50 kejes[ kes 186 ^s[ esef[ kes yeoues efoveebke 31.03.2011
kees ` 272.16 kejes[ kes 290 ^s[ esef[ yekeeee Les.
As on 31.03.2011, 290 trade credits amounting to ` 272.16 Crore were

outstanding as against 186 Trade Credits amounting to ` 183.50 Crore as
on 31.03.2010.
9.12 Deejef#ele efveefOeeeW mes DeenjCe:
9.12 Draw Down from Reserve:
Je<e& 2009-10 kes oewjeve SeerSce esCeer ceW eefleYetefleeeW keer efyeeer hej ueeYe kes mebyebOe ceW kece jeefMe
Debleefjle keer ieF& efpemekes efueS yeQke ves Yeejleere efj]peJe& yeQke mes Gmekes efoveebke 14.01.2011 kes
he$e e. [eryeerDees[er.yeerheer. SveDees. 1132/21.4.141/2010.11 eje Devegceefle eehle kej eeuet Je<e&
ceW ueeYe neefve kes Keeles kes Mes<e mes ` 1.75 kejes[ kees jepemJe eejef#ele efveefOe ceW Debleefjle
efkeee.
Pursuant to RBI permission vide its letter no. DBOD.

BP.No.1132/21.04.141/2010-11 Dt.14.01.2011, the bank has transferred
an amount of ` 1.75 crore in the current year from the balance of profit and
loss to capital reserve, being short amount transferred during 2009-10 in
respect of profit on sale of securities in HTM category.
9.13 Dividend on Equity Share Capital
9.13 F&efkeJeer Mesej hetBpeer hej ueeYeebMe:

yeQke kes efveosMeke ceb[ue ves Je<e& kes efueS 20 eefleMele keer oj mes Ske ueeYeebMe DevegMebefmele efkeee nw
DeLee&led ` 10.00 Debefkele cetue kes eefle F&efkeJeer Mesej hej ` 2.00 eefle Mesej pees Yeejle mejkeej
kes Devegceesove kes DeOeerve nw.
The Board of Directors of the Bank has recommended a dividend @ 20%

for the year, i.e. ` 2.00 per equity share of face value of ` 10/- each, which
is subject to approval of Government of India.
10.
10. yeQke ves Yeejleere meveoer uesKeekeej mebmLeeve eje peejer meYeer DeefveJeee& uesKee ceevekeeW kee Gvekes
ueeiet nesves keer cee$ee leke efvecveevegmeej Devegheeueve efkeee nw:
The Bank has complied with the mandatory Accounting Standards issued
by The Institute of Chartered Accountants of India (ICAI) to the extent
applicable as under:
10.1 uesKee ceeveke 5 - DeJeefOe kes oewjeve MegOo ueeYe DeLeJee neefve, hetJe& DeJeefOe ceoeW Deewj uesKee veerefleeeW
ceW heefjJele&ve
10.1 Accounting Standard 5 Net Profit or Loss for the period, prior period items
and changes in accounting policies.
etbefke Deee / Jee keer hetJe& DeJeefOe ceoW keesF& cenlJehetCe& veneR nQ Dele: GvnW mebyebefOele uesKee Meer<ees ceW
eYeeefjle / uesKeeyeOo efkeee nw.
As prior period items of income/expenditure are not material, the same

have been charged/accounted for in respective heads of accounts.
79

10.2 Accounting Standard 9 Revenue Recognition
10.2 uesKee ceeveke 9- jepemJe efveOee&jCe
As per Accounting Policy No. 6.1, given in Schedule -17 Significant

Accounting Policies, certain items of income are recognized on realisation
basis on account of statutory requirements or on account of materiality.
cenlJehetCe& uesKee veerefleeeW keer Devegmeteer 17 ceW oer ieF& uesKee veerefle eceebke 6.1 kes Devegmeej Deee
keer keg ceoeW kee efveOee&jCe meebefJeefOeke DeeJeMekeleeDeesb ee cenlJe kes keejCe Jemetueer kes DeeOeej
hej efkeee ieee nw.
10.3 Accounting Standard 15 - Employees' Benets.
10.3 uesKee ceeveke 15 - kece&eeefjeeW kes ueeYe
During the year the Bank has reopened the pension option for such of its
employees who had not opted for the pension scheme earlier. As a result
of exercise of which by second pension optees (4101 employees), the
bank has incurred a liability of ` 375.24 crore. Further, during the year, the
limit of gratuity payable to the employees of the Banks was also enhanced
pursuant to the amendment to Payment of Gratuity Act, 1972. As a result
the gratuity liability of the Bank has increased by ` 137.14 crore.
Je<e& kes oewjeve yeQke ves Deheves Gve kece&eeefjeeW kes efueS efpevnesves henues heWMeve eespevee kee efJekeuhe
vener efueee Lee Gvekes efueS heWMeve efJekeuhe Keesuee. heefjCeecemJehe Fme efleere heWMeve efJekeuhe
(4101 kece&eejer) kes DevegmejCe ceW yeQke ves ` 375.24 kejes[ keer oselee G"eF&.Fmekes Deefleefje
Je<e& kes oewjeve yeQke ves Gheoeve Yegieleeve DeefOeefveece 1972 kes mebMeesOeve kes DevegmejCe ceW yeQke kes
kece&eeefjeeW kees ose Gheoeve keer meercee ceW Yeer Je=ef keer ieF& Leer. heefjCeecemJehe yeQke keer Gheoeve
oselee ceW ` 137.14 kejes[ keer Je=ef ngF&.
uesKee ceeveke (SSme) 15 kece&eejer ueeYe keer Dehes#eeDeesb kes leejlece ces mebhetCe& jeefMe ` 512.38
kejes[ (DeLee&le ` 375.24+` 137.14)kees uee/ne Keeles ceW eYeeefjle efkeee peevee Dehesef#ele nw.
leLeeefhe Yee.efj.yeQke ves meeJe&peefveke #es$e kes yeQkeeW kes kece&eeefjeeW nsleg heWMeve efJekeuhe kees hegve:
Keesueves Deewj Gheoeve meercee ceW Je=ef - efJeJeskehetCe& efJeefveeeceke Gheeej hej 9 HejJejer 2011 kees
Ske heefjhe$e eb. [eryeerDees[er.yeerheer.yeermeer.80/21.04.018/2010-11 peejer efkeee. Ge heefjhe$e
kes eeJeOeeveeW kes Deveghe yeQke ves ` 512.38 kejes[ keer jeefMe kees heebe Je<e& keer DeJeefOe kes efueS
heefjMeesefOele efkeee. leovegmeej efJeeere Je<e& 2010-11 kes oewjeve ` 102.48 kejes[ (` 512.38
kejes[ kes 1/5 Yeeie) uee/ne Keeles ceW eYeeefjle efkees pee egkes nQ. Ghee&ge Yee.efj.yeQke kes heefjhe$e
keer Dehes#eeDeesb kes meboYe& ceW Deeies ues peeF& ieF& Mes<e jeefMe DeLee&le ` 409.90 kejes[ (` 512.38
kejes[ - ` 102.48 kejes[) ceW mesJeeefveJe=e kece&eejer/Deueie ngS kece&eeefjeeW mes mebyebefOele efkemeer
jeefMe kees Meeefceue vener efkeee ieee nw. Ge DeheefjMeesefOele jeefMe Deewj Deveghe oselee kee legueve
he$e ceW eceMe: Devegmeteer 11 - Deve Deeefmleeeb Deewj Devegmeteer 5- Deve oseleeSb kes Yeeie kes he
ceW ekeve efkeee ieee nw.
In terms of the requirement of the Accounting Standard (AS) 15, Employees

Benefits, the entire amount of ` 512.38 crore (i.e. ` 375.24 + ` 137.14) is
required to be charged to the Profit & Loss Account. However, the RBI has
issued a circular no. DBOD.BP.BC.80/21.04.018/2010-2011 on Reopening
of Pension Option to Employees of Public Sector Banks and Enhancement
in Gratuity Limit prudential regulatory treatment, dated 9th February
2011. In accordance with the provisions of the said circular, the Bank would
amortize the amount of ` 512.38 crore over the period of Five years.
Accordingly, ` 102.48 crore (representing 1/5th of ` 512.38 crore) has been
charged to the Profit & Loss Account during the financial year 2010-11. In
terms of the requirements of the aforesaid RBI circular, the balance amount
carried forward, i.e., ` 409.90 crore (` 512.38 crore ` 102.48 crore) does
not include any amounts relating to separated/retired employees. The said
unamortized amount and the corresponding liability have been disclosed
as part of Schedule 11 -Other Assets and Schedule 5 - Other Liabilities
respectively in the Balance Sheet.
efkebleg Yee.efj.yeQke eje oer ieF& Ghee&ge efjeeele kes efueS yeQke kee ueeYe (kej kee efveJeue) SSme
15 keer Dehes#eeDeesb kes Devegeeesie kes Devegmeej ` 273.74 mes kece neslee nw meeLe ner efJeeere efJeJejCeeW
kes Deve IekeeW efpemeceW uesKeebkeve kes efueS eeJeOeeveeW hej, uesKee ceeveke (SSme 22) kes Devegmeej
DeemLeefiele kej, Decetle& Deeefmleeeb (SSme 26) meebefJeefOeke / Deve jepemJe nsleg DeblejCe Deewj eefle
Mesej Deee (SSme 20) Deewj hetBpeer heee&hlelee Devegheele Meeefceue nw hej heefjCeeceer eYeeJe Yeer neslee nw
efpemekes heefjCeeceer eYeeJe kee helee veneR ueieeee pee mekee.
But for the above relaxation given by the RBI, the profit (net of tax) of the
Bank would have been lower by ` 273.74 pursuant to application of the
requirements of AS-15,also having consequential effect on other
components of the financial statements, including on provision for taxation,
Deferred Tax as per Accounting Standard (AS 22), Intangible Assets
(AS 26), the transfer to Statutory/other reserves, Earnings Per Share (AS
20) and Capital Adequacy Ratio, which consequential effect has not been
ascertained.
yeQke uesKee ceeveke SSme-15 (mebMeesefOele 2005) - `kece&eejer ueeYe' kee Devegheeueve kej jne
nw.yeQke ves efJeeere Je<e& 2010-11 nsleg kece&eeefjeeW kees eoe/efveOee&efjle efJeefYeVe ueeYeeW kee
heefjkeueve efvecveevegmeej efkeee nw:
De.
The Bank is following AS 15 (Revised 2005) - Employee Benefits. The

Bank has calculated various benefits provided / recognized to employees
as under for FY 2010-2011:
A.
heefjYeeef<ele DebMeoeve eespeveeSb Deewj ueeYe Deewj neefve Keeles ceW efveOee&efjle jkece:
(` kejes[ ceW)
efJeJejCe
31.03.2011
31.03.2010
ke) YeefJe<e efveefOe
19.72
25.84
Ke) kece&eejer keueeCe efveefOe ceW DebMeoeve keueeCe efveefOe Deekeefmcekelee
15.00
8.00
ye.
Particulars
efveefele ueeYe eespeveeSB

ke)
Defined Contribution plans and amount recognized in Profit and Loss

account.
(` in Crore)
31.03.2011
31.03.2010
a.
Provident Fund
19.72
25.84
b.
Contribution to staff welfare welfare fund

contingency
15.00
8.00
B.
Defined Benefit Plans
heWMeve eespevee ceW DebMeoeve
a. Contribution to Pension Plan
Ke)
kece&eejer Gheoeve ceW DebMeoeve
b. Contribution to Employees gratuity fund
ie)
ger vekeoerkejCe/eeflehetefjle DevegheefmLeefle
c. Leave Encashment/ Compensated Absence
Ie)
hegvemLee&heve Yeee
d. Resettlement Allowance
e)
ger efkejeee efjeeele
e. Leave Fare Concession
jpele peebleer hegjmkeej
f.
80
Silver Jubilee Award
KeeleeW ceW ecegKe efveefele ueeYeeW keer mebef#ehle efmLeefle Deewj Gvekeer efveefOeke efmLeefle peerJeveebefkeke
cetueebkeve kes Devegmeej Je<e& kes Deble ceW efvecveevegmeej nw:
ke)
The summarized position of major defined benefits in the accounts and

their funded status as per actuarial valuation at the year end is as under:
a)
legueve he$e ceW efveOee&efjle jkece
e.meb. efJeJejCe
S.No. Particulars
The amount recognized in the Balance Sheet:

efveefele ueeYe heWMeve eespeveeSb
Dened Benet Pension Plans
efveefele ueeYe Gheoeve eespeveeSb
efveefele ueeYe ger vekeoerkejCe
Dened Benet Gratuity Plans
Dened Benet Leave Encashment
31.03.11
31.03.10
31.03.11
31.03.10
31.03.11
31.03.10
2156.79
1174.36
443.49
295.06
178.11
134.36
1605.09
1162.08
332.50
278.76
NA
NA
-551.70
-12.28
-110.99
-16.30
-178.11
-134.87
551.70
12.28
110.99
16.30
178.11
134.87
efveefOeke yeeOeleeDeesb kee Jele&ceeve cetue
1.
Present value of funded obligations
eespevee DeeefmleeeW kee Gefele cetue
2.
Fair value of plan assets
iewjefveefOeke yeeOeleeDeesb kee Jele&ceeve cetue
3.
Present value of unfunded obligations.
legueve he$e ceW efveOee&efjle efveJeue oselee
4.
Net liability Recognized in Balance Sheet
b)
Ke) ueeYe Deewj neefve uesKee ceW efveOee&efjle jkece:
The amounts recognized in the Prot & Loss Account:

e.meb. efJeJejCe
S.No. Particulars
efveefele ueeYe heWMeve eespeveeSb
efveefele ueeYe Gheoeve eespeveeSb
efveefele ueeYe ger vekeoerkejCe
Dened Benet Pension Plans* Dened Benet Gratuity Plans* Dened Benet Leave Encashment
31.03.11
31.03.10
31.03.11
31.03.10
31.03.11
31.03.10
47.41
42.40
18.40
2.42
23.85
8.26
Jele&ceeve mesJee ueeiele
1.
Current service cost
hetJe& mesJee ueeiele
Past service cost
137.14
yeeOelee hej yeepe
3.
Interest on obligation
95.25
91.74
22.87
21.84
10.94
98.78
-89.88
23.44
-21.16
940.18
-12.82
18.88
7.08
20.44
363.87
31.44
64.15
10.18
55.23
8.26
eespevee DeeefmleeeW hej Dehesef#ele Deee
4.
Expected return on plan assets
Je<e& ceW eqveOee&efjle efveJeue peerJeveebefkeke neefveeeb (ueeYe)
5.
Net actuarial losses/ (gains) recognized in year
ueeYe Je neefve Keeles ceW DeefYeefveOee&ejf le `kece&eejer ueeiele' ceW Meeefceue Keex*
6.
Expenses included in 'staff costs' recognized in

Profit and Loss Account*
*Ghee&ge
ceW heefjMeesefOele keer peeves Jeeueer Gheoeve Deewj heWMeve keer JeefOe&le oseleeDeesb kee 4/5 Yeeie Meeefceue
vener kejlee nw Deewj Deve Deeefmleeeb Meer<e& kes Debleie&le efoKelee nw.
*The above excludes 4/5th of enhanced liability of pension and gratuity being
amortized and appears under the head other assets
ie)
c)
legueve he$e ceW efveOee&efjle efveJeue oselee keer ieefleMeeruelee
Movement in the net liability recognized in the Balance Sheet

efveefele ueeYe heWMeve eespeveeSb (efveefOeke)
e.meb. efJeJejCe
S.No. Particulars
1.
31.03.10
31.03.11
31.03.10
1174.36
1145.22
295.06
280.03
134.36
126.10
95.25
91.70
22.87
21.84
10.94
137.14
47.41
42.40
18.40
2.42
23.85
8.26
-107.80
-81.76
-52.00
-18.81
-11.48
947.57
-23.24
22.02
9.58
20.44
2156.79
1174.36
443.49
295.06
178.11
134.36
peerJeveebefkeke neefve/(ueeYe)
Actuarial loss/(gain)
7.
31.03.11
Deoe efkees iees ueeYe

Benefit Paid
6.
31.03.10
Jele&ceeve mesJee ueeiele

Current Service Cost
5.
31.03.11
hetJe& mesJee ueeiele

Past service cost
4.
Dened Benet Leave Encashment

( Unfunded)
yeepe ueeiele
Interest Cost
Dened Benet Gratuity Plans

(Funded)
efveefele ueeYe ger vekeoerkejCe (iewjefveefOeke)
Je<e& kes eejbYe ceW efveJeue oselee

Net liability at start of the year
2.
Dened Benet Pension Plans

(Funded)
efveefele ueeYe Gheoeve eespeveeSb (efveefOeke)
Je<e& kes Deble ceW efveJeue oselee

Net liability at end of the year
81

Ie)
e.
meb.
efJeJejCe
efveefele
ueeYe heWMeve
eespeveeSb
efveefele
ueeYe Gheoeve
eespeveeSb
efveefele
ueeYe ger
vekeoerkejCe
8.50%
8.50%
8.50%
31 ceee& 2011 kees Yebefpele oj
31 ceee& 2011 kees eespevee

DeeefmleeeW hej Dehesef#ele Deee
8.50%
8.50%
8.50%
YeeJeer Jesleve Je=efOo
5.00%
5.00%
5.00%
3.
[)
d)
legueve he$e kes efoveebke kees cetue peerJeveebefkeke ceeveleeSB

(Oeeefjle DeewmeleeW kes he ceW Jee)
Sr. Particulars
No.
ueeYe Je neefve uesKes ceW efveOee&efjle
Dened
Benet
Pension
Plans
Dened
Dened
Benet
Benet
Leave
Gratuity
Plans Encashment
1.
Discount rate at 31 March 2011
8.50%
8.50%
8.50%
2.
Expected return on plan assets

as at 31 March 2011
8.50%
8.50%
8.50%
3.
Future salary escalation
5.00%
5.00%
5.00%
e)
Je<e& kes oewjeve yeQke ves ueeYe Je neefve uesKes ceW Je<e& kes Deble kes peerJeveebefkeke cetueebkeve kes Devegmeej
efvecveefueefKele Deve kece&eejer efveefele ueeYe kee efveOee&jCe efkeee:
(` kejes[ ceW)
efJeJejCe
Principal actuarial assumptions at the balance sheet date (expressed as

weighted averages)
During the year the Bank has recognized in the Profit and Loss account,
following 'Other Employees Defined Benefits' as per Actuarial valuation at
the year-end:
(` in Crore)
Recognised in Prot
& Loss Account
Particulars
31.03.11
31.03.10
hegve&mLeeheve Yeee
-1.50
1.18
31.03.11
31.03.10
Resettlement Allowance
-1.50
1.18
ger efkejeee efjeeele
11.75
1.47
Leave Fare Concession
11.75
1.47
jpele peebleer hegjmkeej
0.00
0.00
Silver Jubilee Award
0.00
0.00
10.4 Accounting Standard 17- Segment Reporting
10.4 uesKee ceeveke 17- #es$e efjheesef&bie
Bank has identified its primary reportable segments as under:
yeQke ves Deheves eeLeefceke efjhees& kejves eesie #es$eesb kee DeefYeefveOee&jCe efvecveevegmeej efkeee nw:
Part A: Business segments
Yeeie-De : JeJemeee #es$e

JeJemeee #es$e
Business Segments

Kepeevee
mebmLeeiele/ Leeske yeQefkebie
Treasury
Kegoje yeQefkebie
Corporate/ Wholesale
Banking
Deve yeQefkebie heefjeeueve
Retail Banking
kegue
Other banking
operations
Total
efJeJejCe Particulars
2010-11
2009-10
2010-11
2009-10
2010-11
2009-2010
2010-11
2009-10
2010-11
2009-10
Deee Revenue
1646.19
1601.23
2640.82
2128.45
1737.74
1552.12
69.20
45.01
6093.95
5326.81
heefjCeece Result
183.89
340.28
136.56
108.10
40.13
113.05
32.99
15.39
393.57
576.82
5.75
8.00
387.82
568.82
Deveeyebefle Jee
Unallocated expenses
heefjeeueve ueeYe
Operating profit
kej DeemLeefiele kejeW meefnle

Taxes including
deferred taxes
DemeeOeejCe ueeYe/neefve
Extraordinary profit/ loss
57.43
129.25
Metve
Metve
Metve
Metve
Metve
Metve
Metve
Metve
Metve
Metve
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
330.39
439.57
75256.69
69752.65
1207.47
1321.24
76464.16
71073.89
72324.44
68096.65
168.80
118.83
efveJeue ueeYe Net profit

Deve peevekeeefjeeB Other Information:
#es$e Deeefmleeeb
Segment assets
23022.97
22894.33
32133.22
27066.10
15353.30
13823.63
4747.20
5968.59
Deveeyebefle Deeefmleeeb
Unallocated assets
kegue Deeefmleeeb Total assets

#es$e oseleeSb
Segment liabilities
22690.04
21453.30
30053.96
27820.49
14359.82
14208.92
5220.62
4613.94
Deveeyebefle oseleeSb
Unallocated liabilities
hetbpeer Deewj Deve eejef#eefleeeb

Capital & Other
Reserves
kegue oseleeSb Total liabilities
82
3970.92
2858.41
76464.16
71073.89
ke)
Ke)
ie)
Ie)
Kepeevee #es$e ceW efveJesMe, Yeejle kes yeenj kes yeQkeeW ceW Mes<e, efveJesMeeW hej Gheefele yeepe Deewj Gvemes
nesves Jeeueer mecyebefOele Deee Meeefceue nQ.
mebmLeeiele/Leeske yeQefkebie #es$eesb ceW veemeeW, Yeeieeroejer Heceex, kecheefveeeW Deewj meebefJeefOeke efvekeeeeW kees
eoe meYeer Deefiece Meeefceue nQ efpevnW Kegoje yeQefkebie #es$eesb ceW Meeefceue veneR efkeee ieee nw.
a)
Treasury segment includes Investment, balances with Banks outside India,

Interest accrued on investments and related income therefrom.
b)
Corporate/ Whole sale Banking Segments include all advances to trusts,

partnership firms, companies and statutory bodies which are not included
in Retail Banking Segments.
Kegoje yeQefkebie #es$eesb ceW Jeefe/JeefeeeW ee ess keejesyeejeW ceW efveJesMe Meeefceue nw peneb
c)
Retail Banking Segments include exposure to the individual person/

persons or to a small business where
i)
kegue Deewmele Jeeef<e&ke heCeeJele& ` 50.00 kejes[ mes kece nw Deewj
ii)
Ske eeflehe#e ceW efkeee ieee kegue efveJesMe yeQke kes meceie Kegoje mebefJeYeeie kes 0.2% mes DeefOeke
veneR nw Deewj
iii)
Ske eeflehe#e ceW efkeee ieee DeefOekelece efveJesMe ` 5.00 kejes[ leke nw.
i)
Total average annual turnover is less than ` 50 Crore and
ii) No aggregate exposure to one counter party exceeds 0.2% of the

overall retail portfolio of the Bank and
iii) The maximum aggregated retail exposure to one counterpart is up to
` 5 Crore.
Deve yeQefkebie heefjeeueveeW kes #es$e ceW Ssmes meYeer Deve yeQefkebie JeJenej Meeefceue nQ efpevnW Ghee&ge
#es$eesb kes Devleie&le Meeefceue veneR efkeee ieee nw.
d)
Other Banking Operations segment includes all other banking transaction

not covered under segments, specified above.
The above disclosures made are based on the records/information
compiled by the management and relied upon by the auditors.
Ghee&ge ekeve eyebOeve eje mecesefkele DeefYeuesKeeW/peevekeejer hej DeeOeeefjle nQ efpeve hej uesKee
hejer#ekeeW eje efJeeeme efkeee ieee nw.
Part B: Geographical Segment
Yeeie Ke: Yeewieesefueke #es$e

etBefke yeQke kes heefjeeueve kesJeue Yeejle kes Yeerlej nesles nQ Dele: Yeewieesefueke #es$e ueeiet veneR nw.
Since the operations of the Bank are within India only, Geographical Segment is
not applicable.
10.5 uesKee ceeveke 18- mecyebefOele he#e ekeve
10.5 Accounting Standard 18 Related party disclosures

The details in this regard are as under:
Fme mebyebOe ceW efJeJejCe efvecveevegmeej nQ

(A)
(ke) mecyebefOele he#eesb kee veece Deewj yeQke mes Gvekes mecyebOe:
(ke) yeQke keer Deveg<ebieer kebheveer
(Ke) yeQke keer meneeke mebmLee
oer ceneje^ Skepeerkeetj Sb[ ^mer kebheveer ee.efue.

ceneje^ ieeceerCe yeQke
(ie) cenlJehetCe& eyebOekeere keeefce&ke
Name of the Related Parties and their relationship:

(a)
Subsidiary of the Bank The Maharashtra Executor &

Trustee Co. Pvt. Limited
(b)
Associate of the Bank
(c)
Key Management Personnel-
Maharashtra Gramin Bank
(1)
eer Devethe Mebkej Yeeeee&, DeOe#e Je eyebOe efveosMeke (01.10.2010 mes)
(1)
Shri Anup Sankar Bhattacharya, Chairman & Managing Director

(from 1.10. 2010)
(2)
eer Deuesve meer. S. efhejsje, DeOe#e Je eyebOe efveosMeke (04.06.2008 mes

30.09.2010 leke)
(2)
Shri Allen C. A. Pereira, Chairman & Managing Director (from

04.06.2008 to 30.09.2010)
(3)
eer ceOegkeeble peer. mebIeJeer, keee&heeueke efveosMeke (15.10.2008 mes)
(3)
Shri Madhukant
15.10.2008)
(Ke) mecyebefOele he#eesb mes mebJeJenej

efJeJejCe
(` kejes[ ceW)
31.03.11
31.03.10
0.25
0.28
Jesleve Deewj Yees
(B)
G. Sanghvi,
Executive
(` in crore)
31.03.11
31.03.10
0.25
0.28
Salary & Allowances
Since the bank, its subsidiary and associate are state controlled, no disclosures
are required to be made pertaining to the transactions with them in accordance
with AS 18.
10.6 uesKee ceeveke 20 eefle Mesej Depe&ve
cetue /
10.6 Accounting Standard 20 Earnings per Share
31.03.2011
31.03.2010
6.86
` 10.21
Particulars
Basic /
kece keer ngF& eefle Mesej Deee
Diluted E.P.S.
cetue / kece keer ngF& eefle Mesej Deee kee heefjkeueve
Calculation of Basic / Diluted EPS.
ke) kej Ghejevle efveJeue ueeYe Deewj DeefOeceeve ueeYeebMe

+ Gmehej ueeYeebMe kej (` ueeKe ceW)
29588.46
43957.68
Ke) F&efkeJeer MesejeW keer Oeeefjle Deewmele mebKee (mebKee

ueeKe ceW)
4313.61
4305.20
` 6.86
` 10.21
c)
Basic Earning per share [(a) divided by (b)]
` 10.00
` 10.00
d)
Nominal Value per Share
ie) eefle Mesej cetue Depe&ve (ke) efJeYeeefpele (Ke) eje

Ie) eefle Mesej keefuhele cetue
(from
Transactions with Related parties
Particulars
etBefke yeQke, Gmekeer Deveg<ebieer kebheveer Deewj meneeke mebmLeeSb mejkeejer efveeb$eCe ceW nQ Dele: SSme 18 keer
Dehes#eeDeesb kes Devegmeej Gvemes efkees peeves Jeeues mebJeJenejeW kes mecyebOe ceW efkemeer Yeer ekeve keer DeeJeMekelee
veneR nw.
efJeJejCe
Director
a)
b)
83
Net Profit after Tax and preference dividend

plus dividend tax thereon (` in lakh)
Weighted Average number of Equity
Shares (Nos. in lakhs)
31.03.2011
31.03.2010
` 6.86
` 10.21
29588.46
43957.68
4313.61
4305.20
` 6.86
` 10.21
` 10.00
` 10.00

10.7 Accounting Standard 22 Accounting for Taxes on Income
10.7 uesKee ceeveke 22 Deee hej kejeW kee uesKeebkeve
The bank has accounted for current tax in compliance with AS 22.
Accordingly, Deferred Tax Assets and Deferred Tax Liabilities are as
under:
(` in Crore)
yeQke ves SSme 22 kee heeueve kejles ngS Jele&ceeve kej kee uesKeebkeve efkeee nw. leovegmeej, DeemLeefiele
kej-Deeefmleeeb Deewj DeemLeefiele kej oseleeSB efvecveevegmeej nQ.
(` kejes[ ceW)
efJeJejCe
31.03.2011
Particulars
31.03.2011
31.03.2010
1) On account of timing difference towards

provisions for Bad & Doubtful Debts
133.89
80.42
0.00
2) On account of depreciation on fixed

assets
6.95
0.00
3) On account of provisions for Employees

benefits as per AS-15 (Revised)
173.35
61.90
4) Other Provisions where DTA is created
112.14
153.92
Total
426.33
296.24
31.03.2010
DeemLeefiele kej Deeefmleeeb
Deferred Tax Assets
1) DeMeesOe Deewj mebefoiOe eeJeOeeveeW kes eefle mecee kes

Deblej kes keejCe
133.89
2) Deeue DeeefmleeeW hej cetueeme kes keejCe
6.95
80.42
3) uesKee ceeveke 15 (mebMeesefOele) kes Devegmeej kece&eejer

DevegueeYe nsleg eeJeOeeve keer jkece kes keejCe
173.35
61.90
4) Deve eeJeOeeve peneb [ererS yeveeee ieee nw
112.14
153.92
kegue
426.33
296.24
DeemLeefiele kej oselee
Deferred Tax Liability
1) Oeeje 36(1)(viii) kes Devleie&le efJeMes<e eejef#ele efveefOe

kes keejCe
21.95
18.10
1) On account of Special Reserve u/s 36(1)

(viii)
21.95
18.10
kegue
21.95
18.10
Total
21.95
18.10
404.38
278.14
Devegmeteer 11 (Deve Deeefmleeeb) ceW oMee&F& ieF& efveJeue

DeemLeefiele kej Deeefmle
404.38
Net Deferred Tax Asset-shown in

Schedule 11 (Other Assets)
278.14
Je<e& kes efueS Deeekej nsleg eeJeOeeve kejles mecee Deeekej DeefOeefveece 1961 kes Keb[ 115 pesyeer kes
eeJeOeeveeW kes Devegmeej yeQkeeW ces SceSer kes Deeeespe nesves kes mebyebOe ceW DeeF&erSer cegbyeF& kes neue kes efveCe&e
keer ef mes vetvelece Skeeblej kej (SceSer) kes keejCe kej oselee efJeeejeLe& vener ueer ieF& nw.
While making provision for Income tax for the year tax liability due to Minimum
Alternate Tax (MAT) as per provisions of section 115 JB of Income Tax Act 1961,
has not been considered in view of recent decision of ITAT, Mumbai regarding
non applicability of MAT to Banks.
10.8 uesKee ceeveke 26 - Decetle& DeeefmleeeW kee uesKeebkeve
10.8 Accounting Standard 26Accounting for Intangible Assets.
kechetj mee@HeJesej - Deebleefjke he mes efveefce&le kes Deefleefje:

Gheeesie DeJeefOe
3 Je<e&
heefjMeesOeve oj
33.33%
heefjMeesOeve heOoefle ueeiele hej meerOeer jsKee
Computer Software other than internally generated:
(` kejes[ ceW)
efJeJejCe
Je<e& kes DeejbYe ceW mee@HeJesej
Je<e& kes oewjeve efuees iees mee@HeJesej
Je<e& kes oewjeve heefjMeesOeve
Je<e& keer meceeefhle hej Deeies ues peeF& ieF& efveJeue jeefMe
31.03.2011
11.24
2.97
10.20
4.01
Useful life
Amortization Rate
3 years.
33.33 %
Amortization Method
Straight line at cost

(` in Crore)
Particulars
31.03.2010
11.32
5.54
5.62
11.24
31.03.2011
31.03.2010
11.24
11.32
Software at the beginning of the year

Software acquired during the year
Amortization during the year
Net carrying amount at the end of the year
2.97
5.54
10.20
5.62
4.01
11.24
10.9 Accounting Standard 28- Impairment of Assets
10.9 uesKee ceeveke 28 - DeeefmleeeW kee Devepe&ke nesvee
Bank has identified that there is no impairment of fixed assets and as such,
no provision is required as per AS-28.
yeQke ves DeefYeefveOee&efjle efkeee nw efke Deeue DeeefmleeeB Devepe&ke veneR ngF& nw. FmeefueS uesKee ceeveke
28 kes Devegmeej keesF& eeJeOeeve kejves keer DeeJeMekelee veneR nw.
10.10 Accounting Standard 29 Provisions, Contingent Liabilities and

Contingent Assets
10.10 uesKee ceeveke 29 - eeJeOeeve, Deekeefmceke oseleeSb Deewj Deekeefmceke Deeefmleeeb

eyebOeve kes celeevegmeej Devegmeteer 12 ceW meboefYe&le Deekeefmceke oseleeDeesb kes efueS keesF& eeJeOeeve
kejvee DeeJeMeke veneR nw.
In the opinion of the management, no further provision is required against

contingent liabilities referred to in Schedule 12.
11. eeuet Je<e& kes Deebke[esb mes leguevee kejves nsleg peneb DeeJeMeke mecePee ieee Jeneb efheues efJee Je<e& kes
Deebke[esb kees mecetnyeOo/hegve:Jeieer&ke=le efkeee ieee.
11.
yesmeue II (efheuej 3) ekeve
BASEL II (PILLAR 3) DISCLOSURE
meejCeer [erSHe-1 Devegeeesie keer Jeeefhle
TABLE DF-1 SCOPE OF APPLICATION
iegCeelceke ekeve
Qualitative Disclosures
ke)
mecetn ceW Meer<e& yeQke kee veece efpeme hej mebjevee ueeiet nes yeQke Dee@He ceneje<^
a.
The name of the top Bank in the group to which the frame work applies:
BANK OF MAHARASHTRA
Ke)
uesKeebkeve Deewj efJeefveeeceke eeespeveeW nsleg meceskeve kes DeeOeej hej HekeeX keer hejsKee, mecetn kes
Devleie&le Deeves Jeeueer mebmLeeDeesb kes mebef#ehle efJeJejCe meefnle.
b.
An outline of differences in the basis of consolidation for accounting and

regulatory purposes, with a brief description of the entities within the
group.
84
Previous years figures have been regrouped / reclassified wherever

considered necessary to make them comparable with current years
figures.
i)
pees hetCe&le: mecesefkele nQ.
i)
that are fully consolidated
yeQke Dee@@He ceneje^ mecetn kee Meer<e& yeQke nw efpeme hej veF& hetbpeer heee&hlelee mebjevee ueeiet nesleer
nw. yeQke keer efvecveevegmeej kesJeue Ske meneeke mebmLee nw:
Bank of Maharashtra is the top bank in the group to which the new
capital adequacy frame-work applies. The bank has only one subsidiary
as under:
meneeke mebmLee kee veece : ceneje^ Skepeerkeetj Sb[ ^mer kebheveer ee.efue.
Name of the subsidiary
efveieceve kee osMe
: Yeejle
mJeeefcelJe kee Devegheele
: 100 eefleMele
The Maharashtra Executor and

Trustee Company Pvt. Ltd.
Country of Incorporation
India
Proportion of ownership
100%
Ge mebmLee kee meceskeve Yeejleere meveoer uesKeekeej mebmLeeve eje peejer uesKee ceeveke 21 kes
Devegmeej efkeee ieee nw.
The above subsidiary is consolidated as per Accounting Standard 21

issued by the Institute of Chartered Accountants of India (ICAI).
leLeeefhe yeemeue- 2 kes Debleie&le meerDeejSDeej kes heefjkeueve kes efueS, Ghee&ge Deveg<ebieer FkeeF&
ceW efveJesMe kees t osles ngS efveJesMe ceW mecesefkele vener efkeee ieee nw keeesefke en efJeeere mesJeeSb
eoeve kejves Jeeuee Skeke vener nw.
ii) efpevekee meceskeve meceevegheeefleke DeeOeej hej efkeee ieee nw.
However for computing CRAR under Basel-II, the investment in above

subsidiary is given deduction treatment and is not consolidated as the
subsidiary is not a financial services entity.
(ii) that are pro-rata consolidated
mecetn ceW Ssmeer keesF& mebmLee veneR nw efpemekee meceskeve meceevegheeefleke DeeOeej hej efkeee ieee nw.
iii)
There is no entity in the group which is consolidated on pro-rata basis.

(iii) that are given a deduction treatment;
efpeve hej keewleer JeJenej ueeiet nw.

1. mebmLee kee veece
: ceneje^ Skepeerkeetj Sb[ ^mer kebheveer ee.efue.
2. mebmLee kee veece
: ceneje^ ieeceerCe yeQke
efveieceve kee osMe
: Yeejle
mJeeefcelJe kee Devegheele : 35%

(Yeejle mejkeej eje peejer efoveebke 20.07.2009 keer DeefOemetevee kes Devegmeej yeQke Dee@@He
ceneje^ eje ceneje^ ceW eeeesefpele ceje"Jee[e ieeceerCe yeQke Deewj ceneje^ ieesoeJejer ieeceerCe
yeQke kees Deeheme ceW efceueekej Ske Skeue #es$eere eeceerCe yeQke ceneje^ ieeceerCe yeQke kee ie"ve
efkeee. Fme yeQke kee cegKeeuee veebos[ ceW nw.)
1. Name of the subsidiary
The Maharashtra Executor and

Trustee Company Pvt. Ltd.
2. Name of the Associate
Maharashtra Gramin Bank.
Country of Incorporation
India
Proportion of ownership
35%
(As per the notification dt.20.07.2009 issued by the Government of India,

Marathtwada Gramin Bank and Maharashtra Godavari Gramin Bank
sponsored by Bank of Maharashtra in the State of Maharashtra are
amalgamated in to a single Regional Rural Bank which is Maharashtra
Gramin Bank with its head office at Nanded.)
Ge mebmLeeDeesb kee meceskeve Yeejleere meveoer uesKeekeej mebmLeeve eje peejer uesKee ceeveke 23 kes
Devegmeej efkeee ieee nw.
The above entity is consolidated as per Accounting Standard 23 issued

by ICAI
pees ve lees mecesefkele nQ Deewj ve ner keewleer kes Devleie&le (Goe. peneb efveJesMe peesefKece-Oeeefjle nw)
Metve
(iv) that are neither consolidated nor deducted (e.g. where the investment
is risk-weighted) - Nil
iv)
cee$eelceke ekeve
Quantitative Disclosures
ie)
meceskeve ceW ve Deeves Jeeueer meYeer meneeke mebmLeeDeesb ceW hetbpeer DeYeeJe keer kegue jkece DeLee&le efpeveceW
keewleer keer ieF& nw Deewj Ssmeer meneeke mebmLeeDeesb kes veece - Metve
c)
The aggregate amount of capital deficiencies in all subsidiaries not included

in the consolidation i.e. that are deducted and the name(s) of such
subsidiaries Nil
Ie)
yeercee mebmLeeDeesb ceW yeQke kes kegue efnleeW keer mekeue jkece(eeuet yener cetue) pees peesefKece-Oeeefjle nQ
leLee Gvekes veece, Gvekes efveieceve ee DeeJeeme kee osMe, efnle kes mJeeefcelJe kee Devegheele Deewj, eefo
Deueie nes lees, Fve mebmLeeDeesb ceW celeeefOekeej kee Devegheele. Fmekes Deefleefje Fme heOoefle kes
Gheeesie yeveece keewleer heOoefle kes Gheeesie kes efJeefveeeceke hetbpeer hej he[ves Jeeues cee$eelceke
eYeeJe- Metve.
d)
The aggregate amounts (e.g. current book value) of the banks total
interests in insurance entities, which are risk-weighted as well as their
name, their country of incorporation or residence, the proportion of
ownership interest and, if different, the proportion of voting power in these
entities. In addition, indicate the quantitative impact on regulatory capital of
using this method versus using the deduction Nil
TABLE DF - 2- CAPITAL STRUCTURE
meejCeer-[erSHe -2- hetbpeer mebjevee
Qualitative Disclosures
iegCeelceke ekeve
ke) meYeer hetbpeeriele efueKeleeW, efJeMes<ekej efej I ee Dehej efej II ceW meceeefJe kejves nsleg hee$e
hetbpeeriele efueKeleeW kes ceeceues ceW cegKe yeeleeW mes mecyebefOele Melees keer mebef#ehle peevekeejer.
(a)
Summary information on the terms and conditions of the main features of

all capital instruments, especially in the case of capital instruments eligible
for inclusion in Tier I or in Upper Tier II.
yeQke keer hetbpeer mebjevee ceW F&efkeJeer, eejef#eefleeeb Je DeefOeMes<e leLee veJeesvces<e yesceereeoer yee@C[
Meeefceue nQ. eeuet Je<e& kes oewjeve yeQke ceW Yeejle mejkeej ves efvecveevegmeej hetBpeer ueieeF& nw:
The Capital Structure of the Bank comprises Equity, Preference shares,

Reserves & Surplus and Innovative Perpetual Bonds. The Government of
India has infused capital in the banks during the current year as under:
Yeejle mejkeej ves yesceereeoer iewj-mebeeer DeefOeceeveer Meseme& (heerSvemeerheerSme)kes ceeOece mes ` 588
kejes[ keer hetBpeer ueieeF& nw. heefjCeecemJehe 12.08.2010 kees eefle heerSvemeerheerSme ` 10,00,000
keer oj mes yeQke eje 5880 heerSvemeerheerSme Deeyebefle efkeS ieS nQ. 100 DeeOeej DebkeeW kes emeej
kes meeLe heerSvemeerheerSme hej ketheve jshees oj nsleg yeWeceeke& nw pees mebyebefOele efoveebke kees eeefuele jshees
oj kes DeeOeej hej Jeeef<e&ke he mes hegveme&ceeeesefpele efkeS ieS nQ.
The Government of India (GOI) has infused ` 588 Crore through Perpetual
Non-Cumulative Preference Shares (PNCPS). Consequently the bank has
allotted, 5880 PNCPS @ ` 10,00,000 per PNCP each, on 12/08/2010. The
coupon on PNCPS is benchmark to REPO rate with spread of 100 basis
points, to be readjusted annually, based on the prevailing Repo rate on the
relevant date.
Yeejle mejkeej ves ceee& 2011 ceW F&efkeJeer Meseme& kes ceeOece mes ` 352.00 kejes[ keer Deefleefje
hetBpeer ueieeF& nw efpemekee Devegceesove efJeMes<e mebkeuhe heeefjle kejkes Mesej OeejkeeW eje 23.03.2011
The GOI further infused ` 352.00 Crore through equity shares in March
2011, which was approved in the Extra-ordinary General meeting, held on
85

23.03.2011, by the equity shareholders through special resolution passed.
The allotment of equity shares were made on 26.03.2011 to the Government
of India at ` 68.76 per share (Face value of ` 10.00 per share plus ` 58.76
premium per share) as per SEBI guidelines regarding issue of equity
shares on preferential basis. Consequently, 5,11,92,553 equity shares of
` 10/- each were allotted to the Government of India and percentage share
of Government of India in equity increased from 76.77% to 79.24%. The
bank has also received premium of ` 300.81 crore (` 58.76 per share) on
allotment of equity to Government of India.
kees ngF& DemeeOeejCe meeceeve yew"ke ceW ngDee. F&efkeJeer MesejeW kee Deeyebve 26.03.2011 kees
Yeejle mejkeej kees DeefOeceeefvele DeeOeej hej F&efkeJeer Mesej peejer kejves kes mebyebOe ceW mesyeer kes
efoMeeefveoxMeeW kes Devegmeej ` 68.76 (eefle Mesej ` 10.00 kee Debefkele cetue + ` 58.76 eerefceece
eefle Mesej) eefle Mesej hej efkeee ieee. heefjCeecemJehe Yeejle mejkeej kees ` 10 eleske kes
5,11,92,553 F&efkeJeer Mesej Deeyebefle efkeS ieS Deewj F&efkeJeer ceW Yeejle mejkeej kee Mesej
eefleMele 76.77 eefleMele mes ye]{kej 79.24 eefleMele nes ieee. yeQke ves Yeejle mejkeej kees
F&efkeJeer kes Deeyebve hej ` 300.81 kejes[ (` 58.76 eefle Mesej) kee eerefceece Yeer eehle
efkeee.
yeQke ves efej II hetbpeer ceW Meeefceue kejves nsleg veJeesvces<e yesefceeeoer yee@C[ (efej I hetbpeer) Deewj Deve
hee$e yee@C[ Yeer Meeefceue efkees nQ. yee@C[eW keer keg Meles efvecveevegmeej nQ.
The Bank has issued Innovative Perpetual Bonds (Tier I capital) and also
other bonds eligible for inclusion in Tier II capital. Some of the important
terms and conditions of the bonds are given below:
hetCe& eoe Demegjef#ele, efkemeer Yeer eefleyebOeveelceke KeC[ mes cege DeheefjJele&veere yesceereeoer ieewCe yee@C[ (efej I hetbpeer)
i)
Fully Paid Up Unsecured, free of any restrictive clause Non- Convertible Subordinated Perpetual Bonds (Tier I Capital)
e=bKeuee
Series
II
Deeyebve kee
efoveebke
yee@C[ keer jkece

(` kejes[ ceW)
31 pegueeF& 2007
ketheve oj
DeJeefOe
Deve cenlJehetCe& Meles
Coupon Rate
Tenor
Other Important Terms and conditions
225.00
henues 10 Je<ees kes efueS 10.65% eefleJe<e&. eefo yeQke ves ceebie efJekeuhe kee
eeesie efoveebke 31.07.2017 kees veneR efkeee lees yeeo kes Je<ees kes efueS
11.15% keer ye{er ngF& ketheve oj.
yesceereeoer
ceebie efJekeuhe- efoveebke 31.07.2017 kees ee Gmekes yeeo nj

JeOee&heve efove kees (Yee.efj.yeQke kes hetJee&vegceesove mes) mececetue hej
ceebie efJekeuhe.
efJeee efJekeuhe- keesF& veneR
31st July 2007
225.00
10.65% p.a. for first 10 years. If call option is not

exercised by the Bank on 31.07.2017, the step up
coupon rate of 11.15% p.a. for subsequent years.
Perpetual
Call Option- at par on 31.07.2017 or thereafter on

each anniversary date (with prior approval of RBI)
Put Option-None
30 efmelebyej 2009
70.00
henues 10 Je<ees kes efueS 9.25% eefleJe<e&. eefo yeQke ves ceebie efJekeuhe kee
eeesie efoveebke 30.09.2019 kees veneR efkeee lees yeeo kes Je<ees kes efueS mes
9.75% keer ye{er ngF& ketheve oj.
yesceereeoer
ceebie efJekeuhe- efoveebke 30.09.2019 kees ee Gmekes yeeo (Yee.efj.

yeQke kes hetJee&vegceesove mes) mececetue hej ceebie efJekeuhe.
efJeee efJekeuhe- keesF& veneR
30th Sept 2009
70.00
9.25% p.a. for first 10 Years, If call option is not

exercised by the Bank on 30.09.2019 the step up
coupon rate of 9.75% p.a. for subsequent years.
Perpetual
Call Option- at par on 30.09.2019 or thereafter (with

prior approval of RBI)
Put Option-None
Date of
Allotment
Amount
(` in crore)
ceebie efJekeuhe Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes DeOeerve nw Call options subject to RBI guidelines
hetCe& eoe Demegjef#ele, efkemeer Yeer eefleyebOeveelceke KeC[ mes cege Yeejleere efj]peJe& yeQke keer hetJe& Devegceefle kes meeLe eefleose ieewCe yee@C[ (Dehej efej II hetbpeer)
ii)
Fully paid up, Unsecured, Free of any restrictive clause Redeemable with prior approval of RBI, Subordinated Bonds (Upper Tier II Capital)
e=bKeuee
Series
II
Deeyebve kee
efoveebke
Date of
Allotment
yee@C[ keer jkece ketheve oj

(` kejes[ ceW) Coupon Rate
DeJeefOe
Deve cenlJehetCe& MeleX
Tenor
Amount
(` in crore)
14 Deketyej 2006
300.00
henues 10 Je<ees kes efueS 9.10% eefle Je<e& keer ye{er ngF& oj.eefo Deeyebve
kes efoveebke mes 10 Je<ees kes yeeo Yeer yeQke ves ceebie efJekeuhe kee eeesie veneR
efkeee lees yee@C[eW hej 14 Deketyej 2016 mes Mes<e 5 Je<ees keer DeJeefOe kes
efueS 9.60% eefleJe<e& keer ye{er ngF& ketheve oj nesieer.
15 Je<e&
ceebie efJekeuhe- yeQke eje Deeyebve kes efoveebke mes 10 Je<ees yeeo
(Yee.efj.yeQke kes hetJee&vegceesove mes) mececetue hej ceebie efJekeuhe kee
eeesie efkeee pee mekelee nw.
efJeee efJekeuhe- keesF& veneR.
14th October
2006
300.00

exercised after 10 years by the Bank from the date of
allotment, the bonds shall carry step up coupon rate
of 9.60% p.a. for the remaining period of 5 years from
14th October 2016.
15 years
Call Option- Can be exercised at par by the Bank

after 10 years from the date of allotment (with prior
approval of RBI)
Put Option-None
21 ceee& 2007
200.00
henues 10 Je<ees kes efueS 9.90% eefle Je<e&.eefo Deeyebve kes efoveebke mes
10 Je<ees kes yeeo Yeer yeQke ves ceebie efJekeuhe kee eeesie veneR efkeee lees
yee@C[eW hej 21ceee& 2017 mes Mes<e 5 Je<ees keer DeJeefOe kes efueS 10.40%
eefleJe<e& keer ye{er ngF& ketheve oj nesieer.
15 Je<e&
ceebie efJekeuhe- yeQke eje Deeyebve kes efoveebke mes 10 Je<ees yeeo (Yee.
efj.yeQke kes hetJee&vegceesove mes) mececetue hej ceebie efJekeuhe kee eeesie
efkeee pee mekelee nw.
21st March 2007
200.00

exercised by the Bank after 10 years from the date
of allotment, the bonds shall carry coupon rate of
10.40% p.a. for the remaining period of 5 years from
21st March 2017.
15 years
Call Option- Can be exercised by the Bank after 10

years from the date of allotment (with prior approval
of RBI)
Put Option-None
86
e=bKeuee
Series
III
IV
VI
Deeyebve kee
efoveebke
Date of
Allotment
yee@C[ keer jkece ketheve oj

(` kejes[ ceW) Coupon Rate
DeJeefOe
Deve cenlJehetCe& MeleX
Tenor
Amount
(` in crore)
30 ceee& 2007
150.00
henues 10 Je<ees kes efueS 10.25% eefle Je<e&. eefo Deeyebve kes efoveebke
mes 10 Je<ees kes yeeo Yeer yeQke ves ceebie efJekeuhe kee eeesie veneR efkeee lees
yee@C[eW hej 30 ceee& 2017 mes Mes<e 5 Je<ees keer DeJeefOe kes efueS 10.75%
eefleJe<e& keer ye{er ngF& ketheve oj nesieer.
15 Je<e&
ceebie efJekeuhe- yeQke eje Deeyebve kes efoveebke mes 10 Je<ees kes yeeo
30th March 2007
150.00

30th March 2017.
15 years

approval of RBI)
Put Option-None
19 pegueeF& 2007
200.00
mes 10 Je<ees kes yeeo Yeer yeQke ves ceebie efJekeuhe kee eeesie veneR efkeee
lees yee@C[eW hej 19 pegueeF& 2017 mes Mes<e 5 Je<ees keer DeJeefOe kes efueS
10.85% eefleJe<e& keer ketheve oj nesieer.
15 Je<e&
19th July 2007
200.00

19th July 2017.
15 years

approval of RBI)
Put Option-None
30 efmelebyej 2009
100.00
mes 10 Je<ees kes yeeo Yeer yeQke ves ceebie efJekeuhe kee eeesie veneR efkeee
lees yee@C[eW hej 30 efmelebyej 2019 mes Mes<e 5 Je<ees keer DeJeefOe kes efueS
9.45% eefleJe<e& keer ketheve oj nesieer.
15 Je<e&
30th September
2009
100.00

exercised by the Bank after the end of 10th year from
the date of allotment, the bonds shall carry coupon
rate of 9.45% p.a. for the remaining period of 5 years
from 30th September 2019.
15 years
Call Option- Can be exercised at par by the Bank at

the end of 10th year from the date of allotment (with
Put Option-None
1 HejJejer 2010
300.00
henues 10 Je<ees kes efueS 8.65% eefle Je<e&. eefo Deeyebve kes efoveebke mes
10 Je<ees kes yeeo Yeer yeQke ves ceebie efJekeuhe kee eeesie veneR efkeee lees
yee@C[eW hej 1 HejJejer 2020 mes Mes<e 5 Je<ees keer DeJeefOe kes efueS 9.15%
eefleJe<e& keer ketheve oj nesieer.
15 Je<e&
1st February
2010
300.00

exercised by the Bank the end of 10th year from the
date of allotment, the bonds shall carry coupon rate
of 9.15% p.a. for the remaining period of 5 years from
1st February 2020.
15 years
Call Option- Can be exercised at par by the Bank at

the end of 10th year from the date of allotment (with
Put Option-None
ceebie efJekeuhe Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes DeOeerve Call options subject to RBI guidelines
iii)
hetCe& eoe Demegjef#ele, efkemeer Yeer eefleyebOeveelceke KeC[ mes cege DeheefjJele&veere eefleose ieewCe yee@C[ ( efej II hetbpeer)
Fully Paid-up, Unsecured, Free from Restrictive Clause, Non Convertible Redeemable Subordinated Bonds (Tier II Capital)
e=bKeuee
Series
VI (a)
Deeyebve kee
efoveebke
yee@C[ keer jkece

(` kejes[ ceW)
Coupon Rate
DeJeefOe
(cenerves ceW)
19 peveJejer 2006
200.00
7.50% DeOo&Jeeef<e&ke
84 ceen
yee@C[ hetCe&le: eoe, iewj peceeveleer, efkemeer Yeer eefleyebOeelceke Keb[ mes cege Deewj eefleose nQ. Fme
ekeej kes efej II yee@C[eW kes efveJesMekeeW kes oeJeeW kee opee& yeQke kes ceewpetoe ieewCe $e+CeeW kes meeLe meeLe
Deewj Deve meYeer uesveoejeW kes oeJeeW kes yeeo jnsiee. yee@C[ kesJeue Yee.efj.yeQke kes hetJee&vegceesove mes kesJeue
heefjhekeJelee hej ner eefleose nQ.
19th January 2006
200.00
7.50% semi-annually
84 months
The bonds are redeemable on maturity of the bonds only with the prior
approval of RBI. Claims of the investors in such Tier II Bonds shall rank parri
passu with the existing subordinated debts of the Bank & subordinate to the
claims of all other creditors & depositors.
Date of
Allotment
Amount
(` in crore)
ketheve oj
Tenor
87
Deve cenlJehetCe& efveece Je MeleW

e=bKeuee
Deeyebve kee
efoveebke
yee@C[ keer jkece

(` kejes[ ceW)
Coupon Rate
DeJeefOe
(cenerves ceW)
1 ceee& 2006
200.00
7.70% DeOe&-Jeeef<e&ke
84 ceen
yee@C[ hetCe&le: eoe, iewj peceeveleer, efkemeer Yeer eefleyebOeelceke Keb[ mes cege Deewj eefleose nQ. Fme ekeej
kes efej II yee@C[eW kes efveJesMekeeW kes oeJeeW kee opee& yeQke kes ceewpetoe ieewCe $e+CeeW kes meeLe meeLe Deewj
Deve meYeer uesveoejeW kes oeJeeW kes yeeo jnsiee. yee@C[ kesJeue Yeejleere efj]peJe& yeQke kes hetJee&vegceesove mes
kesJeue heefjhekeJelee hej ner eefleose nQ.
1st March 2006
200.00
7.70% semi-annually
84 months
25 pegueeF& 2006
225.00
9.45% eefleJe<e&
120 ceen
yee@C[ hetCe&le: eoe, iewj peceeveleer, efkemeer Yeer eefleyebOeelceke Keb[ mes cege Deewj eefleose nQ. Fme ekeej
kes efej II yee@C[eW kes efveJesMekeeW kes oeJeeW kee opee& yeQke kes ceewpetoe ieewCe $e+CeeW kes meeLe meeLe Deewj
Deve meYeer uesveoejeW kes oeJeeW kes yeeo jnsiee. yee@C[ kesJeue Yeejleere efj]peJe& yeQke kes hetJee&vegceesove mes
kesJeue heefjhekeJelee hej ner eefleose nQ.
25th July 2006
225.00
9.45% p.a.
120 months
15 peveJejer 2008
200.00
9.20% eefleJe<e&
123 ceen
es yee@C[ Deeheme ceW yeiewj efkemeer Jejerelee kes yeQke keer ele#e, iewjpeceeveleer Je ieewCe eefleyeOoleeDeesb mes
ege neWieW. es yee@C[ kesJeue Yee.efj.yeQke kes hetJee&vegceesove mes heefjhekeJelee hej eefleose nQ.
15th January 2008
200.00
9.20% p.a.
123 months
Bonds would constitute direct, unsecured and subordinated obligations of the

bank without any preference among themselves. The bonds are redeemable
on maturity only with the prior approval of RBI.
30 efmelebyej 2009
130.00
8.74% eefleJe<e&
115 ceen
Deve uesveoejeW kes oeJeeW kes meeLe pees[e ieee nw es yee@C[ Yee.efj.yeQke kes hetJee&vegceesove kes efyevee ee
Oeejke keer henue hej eefleose vener nQ.
ceebie ee efJeee efJekeuhe- keesF& veneR.
30th September 2009
130.00
8.74% p.a.
115 months
Subordinated to the claims of other creditors, shall not be redeemable at the

initiative of the holder or without the consent of the RBI.
There is no call and put option.
Series
Date of
Allotment
VI (Ke)
VII
VIII
IX
Amount
(` in crore)
ketheve oj
Deve cenlJehetCe& efveece Je MeleW
Tenor
meejCeer-[erSHe-3 - hetbpeer heee&hlelee
TABLE DF- 3 - CAPITAL ADEQUACY
iegCeelceke ekeve
ke)
Qualitative Disclosures:
eeuet Je YeeJeer ieefleefJeefOeeeW kes meceLe&ve nsleg hetbpeer keer heee&hlelee kee cetueebkeve kejves nsleg yeQke kes
efkeesCe hej efJeJeseve kee meejebMe:
a)
yeQke Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej hetbpeer heee&hlelee kes DeOeerve nw. $e+Ce efJeieesheve
ee keejesyeej ceW nesves Jeeueer neefve keer peesefKece mes megj#ee kes efueS yeQke eje hetbpeer heee&hlelee yeveeF&
jKeer ieF& nw leeefke peceekelee&Deesb Deewj meeOeejCe uesveoejeW kees Fme ekeej keer neefveeeW mes yeeeee
pee mekes. yeQke ves yees[& eje Devegceesefole Deebleefjke hetBpeer heee&hlelee efveOee&jCe eefeee(DeeF&meerSSheer)
mebjevee efveefce&le keer Deewj DeheveeF& nw yeQke keer hetBpeer DeeJeMeeeDeesb kee efveOee&jCe Deewj hegvejer#ee
DeeJeefOeke Deblejeue hej keer peeleer nw.
A summary discussion of the Banks approach to assessing the adequacy

of its capital to support current and future activities:
The bank is subjected to the capital adequacy guidelines stipulated by RBI.
Adequate capital is maintained by the Bank as a cushion for covering the
risk of loss in value of exposure, businesses etc. so as to protect the
depositors and general creditors against such losses. The Bank has
evolved and put in place a Board approved Internal Capital Adequacy
Assessment Process (ICAAP) framework. Assessment and review of
banks capital requirements are carried out at periodical intervals.
yeQke kes heeme Deheveer peesefKece eesHeeF&ue mes mebyebefOele meceie hetbpeer heee&hlelee kes cetueebkeve kes efueS
Deheveer eefeee nw Deewj en eefeee Fme yeele kee Deeeemeve GheueyOe kejleer nw efke yeQke kes heeme
Gmekes keejesyeej mes mebyebefOele meYeer peesefKeceeW kes efueS heee&hle hetbpeer nw Deewj keejesyeejer eesHeeF&ue kes
Devegmeej yeQke ves Gefele megjef#ele hetbpeer yeveeF& jKeer nw. yeQke kes heeme keejesyeej ceW nesves Jeeueer YeeJeer
Je=efOo kes efueS hetbpeer yeveeS jKeves keer veerefle nw leeefke melele DeeOeej hej DeeJeMeke vetvelece hetbpeer
yeveeF& jKeer pee mekes.
The Bank has a process for assessing its overall Capital Adequacy in
relation to its risk profile and the process provides an assurance that the
Bank has adequate capital to support all risks in its business and an
appropriate capital buffer based on its business profile. The Bank has a
policy to maintain capital to take care of the future growth in business so
that the minimum capital required is maintained on continuous basis.
Yeejleere efjpeJe& yeQke kes efoMeeefveoxMeeW kes DevegmejCe ceW yeQke ves veF& hetBpeer heee&hlelee mebjevee yeemeue II kes Debleie&le hetBpeer heee&hlelee Devegheele kes heefjkeueve kes efueS yee]peej peesefKece kes efueS
ceevekeerke=le ceereeoer efkeesCe $e+Ce peesefKece kes efueS ceeveefkeke=le efkeesCe Deewj heefjeeueve
peesefKece kes efueS yegefveeeoer mebkesleke efkeesCe kees Deheveeee nw.
In line with the guidelines of the RBI, the Bank has adopted the Standardised
Approach for Credit Risk, Basic Indicator Approach for Operational Risk
and Standardized Duration Approach for Market Risk for computing Capital
Adequacy Ratio under New Capital Adequacy Framework- Basel II.
vetvelece hetbpeer DeeJeMekelee nsleg efJeJeskehetCe& vetvelece meercee:

Yeejleere efjpeJe& yeQke eje peejer veF& hetbpeer heee&hlelee mebjevee kes keeee&vJeeve nsleg efoMeeefveoxMeeW kes
Devegmeej yeQke eje jKeer peeves Jeeueer vetvelece hetbpeer nsleg efvecveefueefKele ceW mes Gelece jkece keer Mele& jKeer
ieF& nw
Prudential oor limit for minimum capital requirement:

The guidelines for implementation of the New capital adequacy Framework
issued by RBI stipulates higher of the following amounts as minimum capital
required to be maintained by the Bank.
88
ke)
$e+Ce, yeepeej Deewj heefjeeueve peesefKece nsleg yesmeue II ceeveob[eW kes Devegmeej vetvelece hetbpeer
(a)
Ke)
$e+Ce Deewj yeepeej peesefKeceeW nsleg yesmeue I ceeveob[eW kes Devegmeej vetvelece hetbpeer kee 80%
Minimum capital as per Basel II norms for Credit, Market and Operational
Risk.
(b)
80% of Minimum capital as per Basel I norms for Credit and Market risks.
31 ceee& 2011 kees yeQke eje jKeer peeves Jeeueer vetvelece hetbpeer yesmeue I ceeveob[eW kes Devegmeej vetvelece
hetbpeer kee 80% DeLee&le ` 3486.45 kejes[ nw Deewj yesmeue II ceeveob[eW kes Devegmeej ` 3800.91 kejes[,
oesvees ceW mes pees DeefOeke nw.
The minimum capital required to be maintained by the Bank as on March 31,

2011 is 80% of the capital requirement under Basel I norms i.e. ` 3486.45 crore
or capital requirement as per Basel II norms i.e. ` 3800.91 crore, whichever is
higher.
efkevleg 31 ceee& 2011 kees yeQke eje jKeer ieF& JeemleefJeke hetbpeer (efej I Deewj efej II) ` 5637.26
kejes[ nw pees efJeJeskehetCe& vetvelece meercee mes DeefOeke nw.
cee$eelceke ekeve:
(` kejes[ ceW)
However, the actual capital (Tier I and Tier II) maintained by the Bank as on
March 31, 2011 is ` 5637.26 Crore, which is above the prudential floor limit.
Quantitative Disclosures:
Ke) meeKe peesefKece kes efueS hetbpeer DeeJeMekelee: ceeveke efkeesCe
ceeveke efkeesCe kes DeOeerve mebefJeYeeie
eefleYeteflekejCe efJeieesheve
kegue
ie) yeepeej peesefKece kes efueS hetbpeer DeeJeMekelee: ceeveke DeJeefOe efkeesCe
yeepe oj peesefKece
F&efkeJeer peesefKece
efJeosMeer efJeefvecee peesefKece

kegue
Ie) heefjeeueve peesefKece kes efueS hetbpeer DeeJeMekelee: cetueYetle mebkesleke efkeesCe
heefjeeueveiele peesefKece
JeemleefJeke efmLeefle
e) kegue Deewj efej I hetbpeer Devegheele
yeQke kes efueS

kegue meerDeejSDeej (%)
efej I meerDeejSDeej (%)
Meer<e& mecesefkele mecetn kes efueS

efej I meerDeejSDeej (%)
cenlJehetCe& yeQke meneesieer mebmLeeDeesb kes efueS
(Dekesueer ee Ghe-mecesefkele, mebjevee kes ueeiet nesves kes DeeOeej hej)
efej 1 meerDeejSDeej (%)
(` in crore)
31.03.2011
31.3.2011
b)
3368.89
0.00
3368.89
Capital requirements for Credit Risk: Standardised

Approach
Portfolios subject to Standardised Approach
Securitisation exposures
Total
c)
110.78
34.04
7.20
152.02
d)
0.00
3368.89
Capital requirements for Market Risk: Standardised

Duration Approach
Interest Rate Risk
Equity Position Risk
Foreign Exchange Risk
Total
280.01
3368.89
110.78
34.04
7.20
152.02
Capital requirements for Operational Risk:
Basic Indicator Approach
280.01
Actual Position
e)
Total and Tier I Capital Ratio:
13.35%
8.02%
13.35%
8.02%
For the Bank

Total CRAR (%)
13.35%
Tier I CRAR (%)
8.02%
For the top consolidated group;

Total CRAR (%)
13.35%
Tier I CRAR (%)
8.02%
For significant bank subsidiaries (stand alone or sub-consolidated depending on how the Framework is applied).
Metve
Metve
meejCeer-[erSHe -4- $e+Ce peesefKece: meeceeve ekeve
Total CRAR (%)
N.A.
Tier I CRAR (%)
N.A.
TABLE DF-4 - CREDIT RISK: GENERAL DISCLOSURES
iegCeelceke ekeve:
$e+Ce peesefKece
Credit Risk:
$e+Ce peesefKece, yeQke kes mebefJeYeeie ceW eeflehe#eesb ee GOeejkelee&Deesb keer $e+Ce iegCeJeee ceW Deees eme mes GlheVe
neefveeeW mes mebyebefOele nw. $e+Ce peesefKece DeefOekeebMele: yeQke keer GOeej ieefleefJeefOeeeW mes hewoe nesleer nQ Deewj
en GOeejkelee&DeeW ee eeflehe#eesb keer $e+Ce iegCeJeee/meeKe ceW Deeves Jeeues mebYeeJe heefjJele&veeW kes keejCe hewoe
nesleer nw. JeJenej peesefKece (efJeefYeVe $e+Ce emleeJeeW ceW peesefKece), Geesie Deewj keejesyeej peesefKece efpeveceW
Deefiece efoS ieS nQ, Yeewieesefueke peceeJe peesefKece Deewj $e+CeeW kes ekeej(kepe&, vekeo $e+Ce, DeesJej[êHe
Fleeefo) kee meceie pees[ $e+Ce peesefKece nw.
Credit Risk is related to the losses associated with diminution in the credit quality
of borrowers or counterparties in a banks portfolio. Credit risk arises mostly from
lending activities of the bank and it emanates from changes in the credit quality
/ worthiness of the borrowers or counterparties. Credit Risk is an aggregation of
Transaction Risk (risk in various credit propositions), Industry and Business line
risk wherein advances are lent, Geographic Concentration Risk and types of
credit (such as Loans, Cash Credit, Overdrafts etc.).
veerefle Je jCeveerefle
Policy & Strategy
yeQke meblegefuele peesefKece oMe&ve kee Devegheeueve kej jne nw. peesefKece oMe&ve kes cenlJehetCe& yeeleeW kees efJeefYeVe
veerefleeeW, heefjhe$eesb Deewj efoMeeefveoxMeeW ceW meceeefnle efkeee ieee nw. ueeYe, G"eS ieS efJeefYeVe peesefKeceeW kee
mlej, hetbpeer kee mlej, yeepeej heefjMe Deewj eefleeesefielee Fleeefo yeeleeW kees Oeeve ceW ueskej yeQke kes
keejesyeejer GsMe Deewj jCeveerefleeeb leweej keer peeleer nQ. yeQke Deheveer Deeefmle iegCeJeee Deewj Deee kes eefle
meleke& nw leLee peesefKece efveeb$eCe kes meeLe ueeYe kees DeefOekelece kejves kes efueS efJeJeskehetCe& {bie mes meblegueve
kejlee nw.
The Bank has been following a conservative risk philosophy. The important
aspects of the risk philosophy are embodied in various policies, circulars,
guidelines etc. The business objectives and the strategy of the bank is decided
taking into account the profit considerations, the level of various risks faced, level
of capital, market scenario and competition. The Bank is conscious of its asset
quality and earnings and judiciously matches profit maximization with risk
control.
yeQke ves efveosMeke ceb[ue kes Devegceesove mes efvecveefueefKele veerefleeeb ueeiet keer nQ :
The Bank has put in place the following policies approved by the Board.
1.
GOeejer Deewj $e+Ce hegvejer#eCe veerefle
i)
Lending & Loan Review Policy
2.
peesefKece eyebOeve veerefle
ii)
Risk Management Policy
89

3.
$e+Ce peesefKece eMeceve lekeveerke Deewj meneeke eefleYetefle eyebOeve
iii)
Credit Risk Mitigation Techniques & Collateral Management
4.
efveJesMe eyebOeve veerefle Deewj efveJesMe peesefKece eyebOeve veerefle
iv)
Investment Management Policy & Investment Risk Management Policy
GOeejer Deewj $e+Ce hegvejer#eCe veerefle, peesefKece eyebOeve veerefle kes omleeJespe mebie"veelceke {ebes, Yetefcekee Deewj
efpeccesoeefjeeW leLee eefeeeDeesb Deewj meeOeveeW kees heefjYeeef<ele kejles nQ efpevekes heefjCeecemJehe yeQke eje
G"eS pee jns $e+Ce peesefKece, kee DeefYeefveOee&jCe, Gmekeer cee$ee kee efveOee&jCe efkeee pee mekelee nw Deewj
Gmes yeQke kes efJeeej ceW Gmekes DeefOeosMe leLee peesefKece #ecelee kes Devegmeej efveOee&efjle esceJeke& ceW eyebefOele
efkeee pee mekelee nw. efJeefYeVe efJeJeskeer Deewj efJeieesheve meerceeDeesb, meneeke eefleYetefle ceeveke leLee $e+Ce
peesefKece eyebOeve kes GsMe mes efJeefYeVe efJeeere vetvelece meerceeDeesb kee efveOee&jCe kee GheyebOe veerefleeeW ceW
efkeee ieee nw. $e+Ce peesefKece eMeceve lekeveerke Deewj meneeke eefleYetefle eyebOeve veerefle yesmeue II esceJeke&
kes Debleie&le $e+Ce peesefKece eMeceve lekeveerke Deewj meneeke eefleYetefleeeW kes efJeJejCe efveOee&efjle kejleer nw.
efveJesMe eyebOeve veerefle Deewj efveJesMe peesefKece eyebOeve veerefle yeQke keer $e+Ce peesefKece veerefle kee DeefYeVe Debie nw.
The Lending & Loan Review Policy, Risk Management Policy documents define
organizational structure, role and responsibilities and, the processes and tools
whereby the credit risks carried by the Bank can be identified, quantified and
managed within the framework that the Bank considers consistent with its
mandate and risk appetite. The policies prescribe various prudential and
exposure limits, collateral standards, financial benchmarks for the purpose of
credit risk management. The policy on Credit Risk Mitigation Techniques &
Collateral Management lays down the details of eligible collaterals for credit risk
mitigation under Basel II framework. The Investment Management Policy &
Investment Risk Management Policy forms an integral part of credit risk in the
Bank.
$e+Ce peesefKece eyebOeve kes efueS mebie"veelceke {ebee
Organizational Structure for Credit Risk Management
$e+Ce peesefKece eyebOeve keee& kes efueS yeQke kes mebie"veelceke {ebes ceW Meer<e& mlej hej meceie he mes peesefKeceeW
kee hee&Jes#eCe kejves kes efueS efveosMeke ceb[ue nw. efveosMeke ceb[ue keer peesefKece eyebOeve meefceefle (DeejScemeer)
meceefvJele peesefKece eyebOeve kes efueS veerefle Deewj jCeveerefle leweej kejleer nw. heefjeeueveiele mlej hej $e+Ce
peesefKece eyebOeve meefceefle $e+Ce peesefKece kee eyebOeve kejleer nw. $e+Ce peesefKece eyebOeve meefceefle kee cegKe
keee& efveosMeke ceb[ue eje Devegceesefole $e+Ce peesefKece veerefle kee keeee&vJeeve kejvee, Jeeheke DeeOeej hej
yeQke keer $e+Ce peesefKece keer efveiejeveer kejvee leLee efveosMeke ceb[ue / $e+Ce peesefKece eyebOeve meefceefle eje
Devegceesefole efJeefYeVe vetvelece peesefKece meerceeDeesb kee Devegheeueve megefveefele kejvee nw. meceefvJele peesefKece
eyebOeve efJeYeeie kes ecegKe ceneeyebOeke kes heo Jeeues cegKe peesefKece DeefOekeejer nw.
The organizational structure of the Bank for Credit Risk Management function
has the Board of Directors at the apex level that has the overall oversight of
management of risks. The Risk Management Committee of the Board (RMC)
devises the policy and strategy for integrated risk management. At operational
level, the Credit Risk Management Committee (CRMC) manages the credit risk.
The main functions of the CRMC include implementation of the credit risk policy
approved by the Board, monitoring credit risk on a bank wide basis and ensure
adherence to threshold risk limits, approved by the Board / Risk management
Committee. The Integrated Risk Management Department is headed by the
Chief Risk Officer of General Manager rank.
$e+Ce peesefKece eyebOeve kes efueS eCeeefueeeb / eefeeeSb / meeOeve
Systems / Process / tools for Credit Risk Management
$e+Ce cetueebkeve ceeveke
Credit Appraisal standards:
yeQke kes heeme $e+Ce efJemleej kes efueS megefmLej ceeveke, legueve he$e yeee ceoeW meefnle meYeer $e+Ce efJeieesheveeW
kes omleeJespeerkejCe Deewj jKejKeeJe nsleg Deie meefee $e+Ce peesefKece eyebOeve veerefle nw. DeeJeefOeke hegvejer#eCe,
DeeJeefOeke efvejer#eCe Deewj meneeke eefleYetefle eyebOeve eCeeueer pewmeer eCeeefueeeb yeQke ceW efJeeceeve nQ.
The Bank has in place proactive credit risk management practices like consistent
standard for the credit origination, maintenance and documentation for all credit
exposures including off balance sheet items. Systems of periodic reviews,
periodic inspections and collateral management systems are in place.
efJeieesheve meerceeSb
Exposure Limits:
Skeue / mecetn GOeejkelee& meerceeSb, ye[er efJeieesheve meerceeSb Deewj meskej / Geesie mes mebyebefOele efJeieesheve meerceeDeesb
meefnle $e+Ce peesefKece meerceeSb ueeiet nQ. efJeieesheve keer leguevee ceW meerceeDeesb keer efveiejeveer keer peeleer nw.
Credit risk limits including single / group borrower limits, substantial exposure
limits, exposure limits in respect of sectors / industries are in place. The exposure
vis--vis the limits are monitored.
$e+Ce Devegceesove efie[

ye[er MeeKeeDeesb / #es$eere keeee&uee / kesvere keeee&uee ceW veS / $e+Ce meercee ceW Je=efOo ee efyevee Je=efOo kes
Jele&ceeve emleeJeeW hej efJeeej kejves kes efueS $e+Ce Devegceesove efie[ kee ie"ve efkeee ieee nw. kesvere
keeee&uee ceW veS $e+Ce emleeJeeW hej Ge efJeefveefo& meerceeDeesb kes DeeOeej hej mewOoebefleke he mes Devegceesove
osves kes efueS veS Jeeheeefjke mecetn (Sveyeerpeer)veeceke Ske veee mecetn yeveeee ieee nw.
Credit Approval Grids:

Credit Approval Grids have been constituted at various levels covering very
large branches / Regional offices / Central Office for considering fresh / existing
proposals with or without enhancement. A structure namely, New Business
Group (NBG) is in place at Central Office level for considering in-principle
approval for taking up fresh credit proposal above a specified cut-off.
cebpetjer DeefOekeej
yeQke ceW $e+CeeW keer cebpetjer nsleg Ske megheefjYeeef<ele yengmlejere efJeJeskeeefOekeej mebjevee kees Deheveeee peelee
nw. Yeejleere efjpeJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej yesnlej jsefbie Jeeues ieenkeeW kees $e+Ce Deewj Deefiece
cebpetj kejves nsleg cebpetjkelee& eeefOekeeefjeeW kees Gelej cebpetjer DeefOekeejeW kee eleeeespeve efkeee ieee nw.
Sanctioning Powers:
The Bank follows a well-defined multi-layered discretionary power structure for
sanction of loans. Higher sanctioning powers are delegated to sanctioning
authorities for sanctioning loans and advances to better rated customers in line
with RBI guidelines.
$e+Ce peesefKece eesieleeece Je cetueebkeve eefeee:

yeQke Deheves $e+Ce peesefKece kee eyebOe nj yeeOeleeOeejer (GOeejkelee&) Deewj mebefJeYeeie mlej keer peesefKeceeW kes
melele heefjceeheCe SJeb DevegeJele&ve kes peefjes kejlee nw. yeQke kes heeme Ske cepeyetle Deebleefjke $e+Ce peesefKece
jsefbie mebjevee Deewj megmLeeefhele ceevekeerke=le $e+Ce cetueebkeve/Devegceesove eefeeeSb nQ. $e+Ce peesefKece jsefbie
Ske mejueerke=le eefeee nw efpememes yeQke kees efkemeer emleeJe ceW Devleefve&efnle iegCeeW-DeJeiegCeeW kes efveOee&jCe ceW
meneelee efceueleer nw Deewj en efveCe&e uesves keer eefeee kee Ske meeOeve nw efpememes yeQke kees efkemeer Yeer $e+Ce
emleeJe keer mJeerkeee&lee kes yeejs ceW ee DeveLee efveCe&e uesves ceW ceoo efceueleer nw. en yeQke keer peesefKece
DeeOeeefjle cetueve mebjevee kes Devegmeej $e+Ce megefJeOeeDeesb kee eLeesefele cetue efveOee&efjle kejves ceW Yeer
meneeke neslee nw. yeQke ves Kegoje $e+CeeW kes efueS Yeer $e+Ce peesefKece jsefbie cee@[ue efJekeefmele efkees leLee
DeheveeS nQ. yeQke ves $e+Ce peesefKece jsefbie eehle kejves kes efueS Deheves JeeF&[ Sefjee vesJeke& hej Deebleefjke
he mes efJekeefmele mee@HeJesej ueieeee nw leeefke Gmekeer MeeKeeeW/#es$e kes keeee&uee GOeejkelee&Deesb keer $e+Ce
peesefKece jsefbie efveefele kejves nsleg Fme eefeee kee lelkeeue Gheeesie kej mekeW.
Credit Risk Rating and Appraisal Process:

The Bank manages its credit risk through continuous measuring and monitoring
of risks at each obligor (borrower) and portfolio level. The Bank has in place an
internal credit risk rating framework and well established standardized credit
appraisal / approval processes. Credit risk rating enables the Bank to accurately
assess the risk in a credit proposition and take a decision to accept or reject the
proposal based on the risk appetite of the Bank. It also enables risk pricing of
credit facilities for risk return trade off. The Bank has developed and put in place
credit risk rating models for retail loans also. The Bank has in-house developed
software for undertaking credit risk rating put on the Wide Area Network (WAN)
of the Bank facilitating instant access by the Branches / Field Offices for
undertaking credit risk rating of borrowers.
ke[er $e+Ce peesefKece eyebOeve heefle kes ceeheob[ kes he ceW yeQke ves $e+Ce peesefKece jsefbie kes Devegceesove kes
efueS Ske DeJeOeejCee ceewpeto nw. nj GOeejkelee& kes jsefbie keer kece mes kece Je<e& ceW Skeyeej hegvejer#ee keer
peeleer nw.$e+Ce mebefJeYeeie iegCeJeee keer efveiejeveer efvecve jsefbie Jeeues GOeej kelee&Deesb Deewj Ge cetue Jeeues
As a measure of robust credit risk management practices, the Bank has in place a
framework for approval of credit risk ratings. Rating for every borrower is reviewed
at least once in a year. Credit portfolio quality is monitored by undertaking
90
efJeieesheveeW kes efueS ef Jeeef<e&ke $e+Ce peesefKece jsefbie eje keer peeleer nw. $e+Ce peesefKece jseEie kees yeQke ceW
Ske mebkeuhevee kes he ceW ueeiet efkeee ieee nw.
$e+Ce hegvejer#eCe leb$e:
yeQke ceW ueeiet $e+Ce hegvejer#eCe leb$e kes GsMe nQ
1. yeQke keer GOeejer veerefle Deewj eleeeesefpele GOeejer DeefOekeejeW kes Devegmeej efJeefYeVe eeefOekeeefjeeW eje
$e+Ce cebpetj kejvee megefveefele kejvee.
bi-annual credit risk rating for high value exposures and inferior rated borrowers.
Credit risk rating, as a concept, has been well internalized in the Bank.
i)
To ensure that credit decisions by various authorities are in conformity with

the Banks Lending Policy and delegated lending powers.
2.
cebpetjer keer Melees Deew&j efveyebOeveeW kee heeueve Deewj efJeefYeVe mJeerke=efleeeW Ghejeble DevegJele&ve, efveiejeveer
Deewj yeQke eje efveOee&efjle hee&Jes#eer GheeeeW kee heeueve megefveefele kejvee.
ii)
To ensure that stipulated terms & conditions of sanction are complied with
and various post sanction follow up, monitoring and supervision measures
prescribed by the Bank are adhered to.
3.
meYeer $e+Ce megefJeOeeDeesb kee hegvejer#eCe / veJeerkejCe mecee hej megefveefele kejvee leeefke peesefKece
mebYeeJeveeDeesb kees mebMeesefOele kej eefo DeeJeMeke nes lees lelkeeue megOeejelceke keoce G"evee
megefveefele kejvee.
iii)
To ensure that all credit facilities are reviewed / renewed well in time so as
to revise the risk perception and take necessary corrective action if
necessary, immediately.
4.
Deeefmle keer ceeveke iegCeJeee yeveeS jKeves Deewj Devepe&ke DeeefmleeeW ceW megOeej megefveefele kejves kee
ue#e jKevee leeefke Devepe&ke DeeefmleeeW hej eefleyebOe / keceer / keesefGVeeve eje yeQke keer
ueeYeeolee hej Devegketue eYeeJe [euee pee mekes.
iv)
To aim at achieving maintenance of standard assets quality and

improvement in non-performing assets (NPAs) so as to have a favorable
impact on profitability of the Bank through prevention / reduction / up
gradation of NPAs.
5.
yeQke kes $e+Ce mebefJeYeeie keer iegCeJeee keer peebe kejvee Deewj Fmekeer peevekeejer mecee mecee hej
Ge eyebOeve kees osvee.
v)
To assess the health of credit portfolio of the Bank and to apprise the Top
Management about the same from time to time.
Loan Review Mechanism:

The objectives of the Loan Review Mechanism in place in the Bank are:
$e+Ce osves kes efueS peebe Deewj meblegueve kee leb$e nw. pewmes efke $e+Ce mJeerke=efleeeW mes $e+Ce peesefKece eyebOeve
kees Deueie kejvee, $e+Ce peesefKece jsefbie osves keer eCeeueer, jsefbie keer peebe, ieenke keer peesefKece jsefbie kes
Devegmeej $e+Ce megefJeOee kee cetueebkeve kejves kee leb$e, $e+Ce uesKee hejer#ee Fleeefo ueeiet nQ. eJesMe mlejere
vetvelece jsefbie Yeer efveOee&efjle efkeS ieS nQ. Deve yeQkeeW hej efkeS ieS meceie efJeieesheve Deewj osMe kes $e+Ce
efJeieesheveeW keer efveiejeveer kejves kes efueS leb$e GheueyOe nw. Ske efJekesverke=le $e+Ce mebefJeYeeie yeveeS jKee ieee
nw Deewj mecee mecee hej mebefJeYeeie kee efJeMues<eCe efkeee peelee nw leeefke peejer $e+Ce peceeJe efveeb$eCe kees
megefveefele efkeee pee mekes.
Checks and balances viz. separation of credit risk management from credit
sanctions, system of assigning credit risk rating, vetting of ratings, mechanism to
price credit facilities depending on risk rating of customer, credit audit etc. are in
place. Minimum entry level rating benchmarks are stipulated. A suitable
mechanism is in place to monitor aggregate exposure on other banks and
country exposures. A diversified credit portfolio is maintained and a system to
conduct regular analysis of portfolio so as to ensure ongoing control of credit
concentration is in place.
efJeiele ceW ose SJeb Devepe&ke $e+Ce:
Loans past due and Impaired:
Deee efveOee&jCe, Deeefmle Jeieer&kejCe Deewj eeJeOeeve kejves nsleg ueeiet efJeJeskehetCe& ceeveob[eW kes Devegmeej yeQke
$e+Ce Deewj DeefieceeW keer efvecveefueefKele esefCeeeW kees Devepe&ke Deeefmle ceevelee nw peneb
The regulatory guidelines are adhered to in respect of income recognition, asset

classification and provisioning, the Bank considers following categories of loans
and advances as Non-performing Assets, wherein:
meeJeefOeke $e+Ce kes mecyebOe ceW yeepe Deewj/ee cetueOeve keer efkeMle 90 efoveeW ee DeefOeke keer DeJeefOe
nsleg Deefleose jner nes
Interest and/or installment of principal remain overdue for a period of more

than 90 days in respect of a Term Loan
DeesJej[êHe/vekeoer $e+Ce kes mecyebOe ceW Keelee Deefveeefcele jne nes
efyeue Kejero Deewj Yeebefpele efyeue kes mecyebOe ceW efyeue 90 efove ee DeefOeke keer DeJeefOe nsleg Deefleose
jne nes
The account remains out of order in respect of an Overdraft/Cash Credit

(OD/CC)
The bill remains overdue for a period of more than 90 days in the case of
Bills Purchased and Discounted
In case of agricultural advances, interest and/or installment of principal

remains overdue for 2 crop seasons (in respect of short duration crops) &
1 crop season (in respect of long duration crops).
ke=ef<e DeefieceeW kes mecyebOe ceW yeepe Deewj/ee cetueOeve keer efkeMle oes Hemeue ceewmeceeW nsleg (kece DeJeefOe
Jeeueer HemeueeW kes mecyebOe ceW) Deewj Ske Hemeue ceewmece (uecyeer DeJeefOe Jeeueer HemeueeW kes mecyebOe ceW)
Deefleose jner nes
Deve KeeleeW kes mecyebOe ceW 90 efoveeW mes DeefOeke keer DeJeefOe nsleg Deefleose keesF& Yeer eehe jkece
efkemeer Yeer efleceener kes oewjeve ueieeee ieee yeepe efpemes efleceener kes Deble mes 90 efoveeW kes Yeerlej ve
egkeeee ieee nes
Any amount receivable that remains overdue for a period of more than 90
days in respect of other accounts.
Interest charged during any quarter is not serviced fully within 90 days from
the end of the quarter.
Deefveeefcele efmLeefle
Out of Order status:
Ske Keelee leye Deefveeefcele ceevee peelee nw peye cebpetjer meercee / DeenjCe DeefOekeejeW mes Keeles ceW yekeeee
Mes<e ueieeleej DeefOeke jnlee nw. Ssmes ceeceueeW ceW peneb cetue heefjeeefuele Keeles ceW yekeeee Mes<e cebpetj
DeefOekeejer / DeenjCe DeefOekeej mes kece nw efkebleg Keeles ceW leguevehe$e keer efoveebke mes 90 efoveeW leke ueieeleej
keesF& jkece pecee veneR ngF& nw ee Keeles ceW pecee jkece DeJeefOe kes oewjeve veeces keer peeves Jeeueer yeepe keer
jkece kees hetje kejves kes efueS heee&hle veneR nw lees Fme ekeej kes KeeleeW kees Deefveeefcele ceevee peeSiee.
An 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 should be treated as 'out of order'.
Deefleose
Overdue:
efkemeer Yeer $e+Ce megefJeOee kes Debleie&le yeQke kees ose keesF& Yeer jeefMe yeQke eje efveOee&efjle efoveebke hej Yegieleeve
veneR keer peeleer lees Gmes Deefleose ceevee peelee nw.
Any amount due to the bank under any credit facility is overdue if it is not paid
on the due date fixed by the bank.
cee$eelceke ekeve:
ke) kegue mekeue $e+Ce peesefKece efJeieesheve, efveefOe DeeOeeefjle Deewj iewj efveefOe DeeOeeefjle Deueie-Deueie
(` kejes[ ceW)
(a)
Total gross credit risk exposures, Fund based and Non-fund based
separately.
(` In Crore)
efveefOeke
55835.82
Funded
55835.82
DeefveefOeke
12128.58
Non Funded
12128.58
91

Ke)
efJeieesheveeW kee Yeewieesefueke efJelejCe, efveefOe DeeOeeefjle Deewj iewj efveefOe DeeOeeefjle Deueie-Deueie
mecegheejere
i.
(` kejes[ ceW)
Geographic distribution of exposures, Fund based and Non-fund based

separately
i. Overseas
(` In Crore)
efveefOeke
Metve
Funded
Nil
DeefveefOeke
Metve
Non Funded
Nil
Iejsuet
(` kejes[ ceW)
ii. Domestic
efveefOeke
55835.82
Funded
55835.82
DeefveefOeke
12128.58
Non Funded
12128.58
ii.
ie)
(b)
efJeieesheveeW kee GeesieJeej efJelejCe (efveefOe DeeOeeefjle Deewj iewj efveefOeke DeeOeeefjle Deueie Deueie)
(c)
(` In Crore)
Industry type distribution of exposures, fund based and non-fund based

separately
31.03.2011 kees Geesie-Jeej efveefOeke SJeb iewj efveefOeke efJeieesheve

INDUSTRYWISE FUNDED & NONFUNDED EXPOSURE AS OF 31.03.2011
kees[
Geesie
1
2
3
3.ke a
3.Ke b
3.ie c
4
5
6
7
8
9
10
11
12
13
14
15
15.ke a
15.Ke b
15.ie c
15.Ie d
16
17
18
19
20
21
22
23
24
25
25.ke a
25.Ke b
25.ie c
25.Ie d
26
ueesne Je Fmheele IRON & STEEL

Deve Oeeleg Je Glheeo OTH METAL & PRODUCTS
meYeer DeefYeeebef$ekeer ALL ENGINEERING
DeefYe. Fueskeê@efveke ENGG. ELECTRONICS
DeefYe. Fuesefke^keue ENGG. ELECTRICAL
DeefYe. Deve ENGG. OTHERS
Dee@@esceesyeeF&ue ^ke meefnle AUTOMOBILE INCL. TRUCKS
metleer Jee COTTON TEXTILE
hemeve Jee JUTE TEXTILTE
Deve Jee OTHER TEXTILES
eerveer SUGAR
eee TEA
Keee emebmkejCe FOOD PROCESSING
Jevemheefle lesue VEGETABLE OILS
lecyeeket Deewj lecyeeket Glheeo TOBACCO & PRODUCTS
keeiepe Je keeiepe Glheeo PAPER & PRODUCTS
jyej Je jyej Glheeo RUBBER & PRODUCTS
Deve jmeeeve, [eF&, heW Deeefo OTH CHEM,DYES,PAINT ETC
efpeveceW mes hesês jmeeeve OF WHICH PETRO CHEMICAL
efpeveceW mes GJe&jke OF WHICH FERTILIZERS
efpeveceW mes Deew<eOe Je Yes<epe OF WHICH DRUGS & PHARMA
Deve jmeeeve, [eF&, heW OTH CHEM,DYES,PAINT
meerceW CEMENT
ece[e Je ece& Glheeo LEATHER & PRODUCTS
jlve Deewj pesJejele GEMS,JEWELLERY
efvecee&Ce CONSTRUCTION
hesêsefueece PETROLEUM
Deve OTHERS
kebhetj mee@HeJesej COMP. S/W
Jeeheej TRADING
SveyeerSHemeer NBFC
cetueYetle mebjevee INFRASTRUCTURE
efpemeceW mes hee@Jej OF WHICH POWER
efpemeceW mes otjmebeej OF WHICH TELECOMMUNICATION
efpemeceW mes me[ke OF WHICH ROADS
efpemeceW mes Deve cetueYetle mebjevee OF WHICH OTHER INFRASTRUCTURE
DeJeefMe Deve Deefiece RESIDUARY OTHER ADVANCES
kegue pees[ GRAND TOTAL
CODE
efveefOeke efJeieesheve
INDUSTRY
92
(` kejes[ ceW) (` In Crore)

iewjefveefOeke efJeieesheve
FUNDED EXPOSURE
NON FUNDED EXPOSURE
1866.06
315.27
1894.81
514.07
77.36
2259.52
603.10
569.33
722.38
242.34
1239.31
777.87
580.31
481.45
4.93
1033.46
35.49
1.24
379.14
53.53
57.67
363.04
23.00
1573.66
46.96
566.07
231.65
728.98
94.43
87.86
0.15
527.59
2.26
0.00
31.31
47.05
0.41
65.81
32.74
311.08
40.26
0.11
48.22
222.49
318.45
28.18
189.25
589.15
708.71
734.97
28.49
4591.37
4872.22
12610.31
8282.41
1503.95
996.50
1827.45
9.22
13.84
326.16
1263.95
550.15
167.11
31.50
763.96
1792.24
1879.42
183.35
3.59
70.00
1622.48
22501.66
55835.82
1279.39
12128.58
Geesie Jeej efJeieesheve mekeue efveefOeke Deewj iewj efveefOeke efJeieesheve kes 5% mes DeefOeke nw.
Industry wise exposure is more than 5 % of gross funded & non funded
exposure
CODE
INDUSTRY
763.96
23
TRADING
4872.22
1792.24
24
NBFC
12310.31
1879.42
25
INFRASTRUCTURE
kees[
Geesie
efveefOeke
iewjefveefOeke
23
Jeeheej
4591.37
24
SveyeerSHemeer
25
cetueYetle mebjevee
Ie)
heefjhekeJelee mJehe
1 efove
2 mes 7 efove
8 mes 14 efove
15 mes 28 efove
29 efove mes 3 cenerves
3 cenerves mes DeefOeke efkevleg 6 cenerves leke
6 cenerves mes DeefOeke efkevleg 1 Je<e& leke
1 Je<e& mes DeefOeke efkevleg 3 Je<e& leke
3 Je<e& mes DeefOeke efkevleg 5 Je<e& leke
5 Je<e& mes DeefOeke
kegue
(d)
(` kejes[ ceW)
DeeefmleeeW kee DeJeefMe heefjhekeJelee efJeMues<eCe :

Deefiece
efveJesMe
980.19
499.18
852.41
759.10
4896.16
2044.75
3160.34
22327.12
6204.00
5764.16
47487.41
24.88
271.82
117.48
212.80
219.42
298.60
111.18
1719.07
3127.05
16512.21
22614.51
Advances
31.3.2011
1173.70
408.16
373.08
121.54
54.46
216.46
618.95
eejbefYeke Mes<e
DeJeefOe kes oewjeve efkees iees eeJeOeeve
yes Keeles
DeefOeke eeJeOeeveeW kee eefleuesKeve
Debeflece Mes<e
[) Devepe&ke efveJesMeeW keer jkece
{) Devepe&ke efveJesMeeW nsleg Oeeefjle eeJeOeeveeW keer jkece
Ce) efveJesMeeW hej cetueeme nsleg eeJeOeeveeW keer ieefleMeeruelee
eejbefYeke Mes<e
DeJeefOe kes oewjeve efkees iees eeJeOeeve
yes Keeles
DeefOeke eeJeOeeveeW kee eefleuesKeve
Debeflece Mes<e
519.11
342.01
0
349.84
511.28
18.64
18.64
4591.37
763.96
4872.22
1792.24
12310.31
1879.42
(` In Crore)
Investments
Foreign
Currency
Assets
1 day
980.19
24.88
452.20
2 to 7 days
499.18
271.82
17.44
8 to 14 days
852.41
117.48
53.61
15 to 28 days
759.10
212.80
874.97
29 days to 3 months
4896.16
219.42
1471.69
Over 3 months & up to 6 months
2044.75
298.60
846.13
Over 6 months & up to 1 year
3160.34
111.18
436.00
Over 1 year & up to 3 years
22327.12
1719.07
--
Over 3 years & up to 5 years
6204.00
3127.05
--
5764.16
16512.21
13.10
47487.41
22614.51
4165.14
Over 5 years
Total
(` kejes[ ceW)
ceoW
) Devepe&ke DeeefmleeeW keer jkece mekeue
DeJeceeveke
mebefoiOe 1
mebefoiOe 2
mebefoiOe 3
neefve
pe) efveJeue Depeve&ke Deeefmleeeb
Pe) Devepe&ke Deeefmle Devegheele
mekeue DeefieceeW ceW mekeue Devepe&ke Deeefmleeeb (%)
efveJeue DeefieceeW ceW efveJeue Devepe&ke Deeefmleeeb (%)
) Devepe&ke DeeefmleeeW keer ieefleMeeruelee (mekeue)
eejbefYeke Mes<e
Je=efOoeeb
keceer
Debeflece Mes<e
le) Devepe&ke DeeefmleeeW nsleg eeJeOeeveeW keer ieefleMeeruelee
Non Funded
Residual maturity break down of assets:
Maturity Pattern
efJeosMeer cege
Deeefmleeeb
452.20
17.44
53.61
874.97
1471.69
846.13
436.00
--13.10
4165.14
Funded
(` In Crore)
Items
(f)
Amount of NPAs Gross
Substandard
Doubtful 1
Doubtful 2
Doubtful 3
Loss
(g) Net NPAs
31.03.2011
1173.70
408.16
373.08
121.54
54.46
216.46
618.95
(h) NPA Ratios
2.47
1.32
(i)
Gross NPAs to Gross advances (%)
2.47
Net NPAs to Net advances (%)
1.32
Movement of NPAs (gross)

Opening balance
1209.79
699.15
735.24
1173.70
Additions
Reductions
Closing balance
(j)
1209.79
699.15
735.24
1173.70
Movement of provisions for NPAs

Opening balance
519.11
Provisions made during the period
342.01
Write-off
Write back of excess provisions
349.84
Closing balance
511.28
(k) Amount of Non-Performing Investments
18.64
(l)
18.64
Amount of provisions held for non

performing Investments
(m) Movement of provisions for depreciation

on investments
39.70
83.72
0.00
0.00
123.42
Opening balance
39.70
Provisions made during the period
83.72
Write-off
write-back of excess provisions
Closing balance
93
0
0
123.42

Table DF 5 - CREDIT RISK: DISCLOSURES FOR PORTFOLIOS SUBJECT
TO THE STANDARDISED APPROACH
meejCeer-[erSHe-5 - $e+Ce peesefKece ceevekeerke=le efkeesCe kes DeeOeej hej mebefJeYeeieeW nsleg ekeve
iegCeelceke ekeve
ke)
ceevekeerke=le efkeesCe kes Devleie&le mebefJeYeeieeW kes efueS
Gheeesie ceW ueeF& ieF& esef[ jsefbie SpesefvmeeeW kee veece:-
Name of the credit rating agencies used:
yeQke ves efvecveefueefKele yeenjer esef[ jsefbie SpesefvmeeeW kee Devegceesove efkeee nw
The Bank has approved the following external credit rating agencies,
approved by RBI, for risk weighting claims on entities:
a)
1.
Yeejleere esef[ jsefbie metevee mesJee efueefces[ (efeefmeue)
2.
esef[ Sveeueeeefmeme SC[ efjmee& efueefces[
3.
SHeDeeF&ermeerSe Fbef[ee
4.
DeeF&meerDeejS efueefces[
For portfolios under the Standardised Approach:
1.
Credit Rating Information Services of India Limited (CRISIL),
2.
Credit Analysis and Research limited (CARE),
3.
FITCH India and
4.
ICRA Limited.
efJeieesheve kes ekeej efpevekes efueS nj esef[ jsefbie Spesvmeer kee Gheeesie efkeee ieee nw: meYeer ekeej
kes efJeieesheveeW kes efueS Ghee&ge meYeer SpesefvmeeeW kee Devegceesove efkeee ieee nw.
Types of exposure for which each credit rating agency is used: All the
above agencies are approved for rating of all types of exposure.
meeJe&peefveke efveie&ce jsefbie kees yeQefkebie yeefneeW ceW legueveere DeeefmleeeW ceW DeblejCe nsleg Gheeesie ceW ueeF&
ieF& eefeee kee efJeJejCe.
A description of the process used to transfer public issue ratings onto

comparable assets in the banking book:
1.
yeQke Yeejleere efjpeJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej GOeejkelee&Deesb mes ceebieer ieF& Deewj Gvekes eje
mJeerke=le Ge efkevner Yeer esef[ jsefbie SpesefvmeeeW eje oer ieF& jsefbie kee Gheeesie kejsiee. yeQke eje
hetbpeer kes heefjkeueve nsleg kesJeue efheues 15 cenerveeW kes oewjeve oer ieF& yeenjer jsefbie, veF& ee
hegvejeref#ele kees ner Oeeve ceW efueee peeSiee.
1.
The Bank shall use the ratings assigned by any of these credit rating
agencies as solicited and accepted by the borrowers in line with RBI
guidelines. External ratings assigned, fresh or reviewed, at least during the
previous 15 months only are reckoned for capital computation by the
Bank.
2.
peneb Yeer GheueyOe nes, yeQke $e+Ce megefJeOee ee yeQke $e+Ce keer jsefbie kee Gheeesie GOeejkelee&Deesb kes
$e+Ce peesefKeceeW kees ceeheves kes efueS kejlee nw. peneb Yeer peejerkee&e jsefbie GheueyOe nw, peye leke efke
$e+Ce kees efJeefMe he mes js ve efkeee ieee nes yeQke Ssmeer jsefbie kee Gheeesie kejlee nw.
2.
Wherever available, the Bank uses facility rating or bank loan rating for risk
weighting the borrowers exposures. Where issuer rating is available the
Bank uses such ratings unless the bank loan is specifically rated.
3.
yeQke Ske ner GOeejkelee& kes Ske efveJesMe nsleg Ske esef[ jsefbie Spesvmeer Deewj otmejs efveJesMe nsleg Deve
jsefbie Spesvmeer kee Gheeesie meeLe-meeLe veneR kejlee peye leke efke mecyebefOele efveJesMeeW keer jsefbie egveer
ieF& esef[ jsefbie SpesefvmeeeW ceW mes ner efkemeer Ske eje ve keer ieF& nes. Fmekes DeueeJee, Ske ner
efveieefcele mecetnd kes Devleie&le efkemeer efJeefMe eefleeve kees Deeyebefle jsefbie kee Gheeesie yeQke Gme
mecetnd kes Deve eefleeve keer esef[ jsefbie kes efueS vener kejlee.
3.
The Bank does not simultaneously use the rating of one credit rating
agency for one exposure and that of another credit rating agency for
another exposure of the same borrower, unless the respective exposures
are rated by only one of the chosen credit rating agencies. Further, the
Bank does not use rating assigned to a particular entity within a corporate
group to risk weight other entities within the same group.
4.
vekeoer $e+Ce pewmeer eue meerceeDeesb kees oerIe&keeueerve efveJesMe ceevee peelee nw Deewj leovegmeej Ssmes
efJeieesheveeW nsleg peesefKece Yeej kes efveOee&jCe kes efueS oerIe&keeueerve jsefbie kee Gheeesie efkeee peelee nw.
4.
Running limits such as cash credit are treated as long term exposures and
accordingly, long term ratings are used for assigning risk weights for such
exposures.
5.
esef[ jsefbie SpesefvmeeeW eje oer ieF& jsefbie kees keeee&efvJele/ueeiet kejles mecee yeQke efJeefveeeceke
efoMeeefveoxMeeW /yeQke kes yees[& eje Devegceesefole veerefle mes ceeie&oMe&ve eehle kejlee nw.
5.
While mapping / applying the ratings assigned by the credit rating agencies,
the Bank is guided by Regulatory guidelines / Banks Board approved Policy.
cee$eelceke ekeve
ceevekeerke=le efkeesCe kes DeeOeej hej peesefKece eMeceve kes Ghejevle efJeieesheveeW kes efueS efvecveefueefKele 3
ecegKe peesefKece esefCeeeW ceW leLee Gvekes efueS efpevekeer keewleer keer ieF& nw, yeQke keer yekeeee jeefMe
(eesieleeece eehle Deewj eesieleeece Deeehle)
(` kejes[ ceW)
For exposure amounts after risk mitigation subject to the Standardised Approach,
amount of a banks outstandings (rated and unrated) in the following three major
risk buckets as well as those that are deducted.
Jeieer&kejCe
efJeieesheve
100% peesefKece Yeej mes kece
100% peesefKece Yeej
100% Yeej mes DeefOeke
keee ieee (peesefKece eMeceke)
kegue
62641.55
29338.89
2921.38
2741.04
97642.86
31.3.2011
eesieleeece
eehle
16284.56
3197.39
2063.93
172.94
21718.82
(` in crore)
Classification
eesieleeece
Deeehle
46356.99
26141.50
857.45
2568.10
75924.04
31.03.2011
Exposure
Rated
Unrated
Below 100% risk weight
62641.55
16284.56
46356.99
100% risk weight
29338.89
3197.39
26141.50
2921.38
2063.93
857.45
More than 100% risk weight

Deducted (Risk Mitigants)
Total
2741.04
172.94
2568.10
97642.86
21718.82
75924.04
TABLE DF 6 - CREDIT RISK MITIGATION: DISCLOSURES FOR

STANDARDISED APPROACHES
meeefjCeer-[erSHe-6- $e+Ce peesefKece eMeceve: ceevekeerke=le efkeesCeeW nsleg ekeve

iegCeelceke ekeve
Dee@@He Sb[ Dee@@ve ye@uevme Meer vesefbie kee Gheeesie efkeme meercee leke yeQke kejlee nw Fmekee mebkesle osves
nsleg veerefleeeb Deewj eefeeeSB
Policies and processes for, and an indication of the extent to which the
bank makes use of, on- and off-balance sheet netting
Yeejleere efjpeJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej yeQke ves $e+Ce peesefKece eMeceve lekeveerkeeW Deewj mebheeefe&ke
eefleYetefle eyebOeve kes yeejs ceW yees[& eje Devegceesefole veerefle yeveeF& nw. peesefKece eMeceve kes efueS yeQke eje Gheeesie
ceW ueeS peeves Jeeueer meneeke eefleYetefleeeW ceW efJeeere meneeke eefleYetefleeeb (yeQke pecee, mejkeejer / [eke
In line with RBI guidelines, the Bank has put in place a Board approved Policy on
Credit Risk Mitigation Techniques & Collateral Management. The collaterals
used by the Bank as the risk mitigants comprise of the financial collaterals (i.e.
94
eefleYetefle Deewj DeYehe&Ce cetue kes meeLe peerJeve yeercee heeefuemeer, mJeCe& DeeYet<eCe Fleeefo) efpeveceW yeQke kes heeme
keevetveer he mes vesefbie kee DeefOekeej neslee nw Deewj efpeveceW efJeefMe ienCeeefOekeej Meeefceue neslee nw, Meeefceue
nw. ceeefpe&ve ueeiet kejves Deewj Gefele cetueebkeve kes heefjkeueve nsleg mee@HeJesej Gheeesie ceW ueeee peelee nw.
bank deposits, Govt. / Postal securities, Life policies with declared surrender
value, gold jewellery etc.) where Bank has legally enforceable netting
arrangements, involving specific lien. A software is in place for calculation of
correct valuation and application of haircut.
meneeke eefleYetefleeeW kes cetueebkeve Deewj eyebOeve kes efueS veerefleeeb Deewj eefeeeSB
meneeke eefleYetefleeeb Deewj ieejbefeeW kee efveOee&jCe Deewj eyebOeve yegefOoceeveer mes efkeee peelee nw Deewj
Fmekee Gheeesie efvecveefueefKele kes efueS neslee nw
Policies & processes for collateral valuation and management:

Collaterals and guarantees prudently stipulated and managed would serve to:
Devegceeefvele vekeoer eJeen ceW keceer Deeves kes keejCe GOeejkelee& eje $e+Ce megefJeOee kes hegveYe&gieleeve
ceW etke kejves keer oMee ceW meneeke mebmeeOeve GheueyOe kej peesefKece kece kejvee.
etke keer oMee ceW hegveYe&gieleeve kes meeOeve hej efveeb$eCe neefmeue kejvee.
peesefKece Yeeefjle DeeefmleeeW kees DeeoMe&lece kejvee Deewj yeeer ngF& peesefKeceeW kees heee&hle he
mes mebjef#ele kejvee.
Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej yeQke kes heeme yees[& eje efJeefOeJele Devegceesefole Ske $e+Ce
peesefKece eMeceve lekeveerke Deewj meneeke eefleYetefle eyebOeve veerefle nw. yeQke ves yees[& eje Devegceesefole GOeejer
veerefle kees Yeer ueeiet efkeee nw. Fve veerefleeeW ceW yeQke eje $e+Ce osves nsleg Deeceleewj hej mJeerkeej keer peeves
Jeeueer eefleYetefleeeW kes ekeej leLee Gvemes mecyebefOele peesefKeceeW kees vetvelece kejves nsleg yeQke kes efnleeW keer
j#ee kejves kes efueS Ssmeer eefleYetefleeeW kes eMeemeve/DevegeJele&ve kee efveOee&jCe efkeee ieee nw. yeQke eje eoe
$e+CeeW kees jef#ele kejves nsleg eehle Deeue Deewj eeuet oesveeW DeeefmleeeW kee cetueebkeve veerefle kes Devegmeej yeQke
kes hewveue hej efJeeceeve yeenjer cetueebkevekelee&DeeW eje kejeee peelee nw.
yeQke eje ueer peeves Jeeueer mebheeefe&ke eefleYetefleeeW kes cegKe ekeejeW keer JeeKee
Optimize risk weighted assets and to address residual risks

adequately.
Description of the main types of collateral taken by the Bank

The main types of financial collaterals commonly used by the Bank as risk
mitigants comprise of financial collaterals (i.e. Bank Deposits, Government
Securities, KVP, NSC, Life Insurance Policies with declared surrender
value, Gold jewellery etc.). Bank also accepts non-financial collateral i.e.
stock, book debts, mortgage of residential & commercial property and plant
& machinery.
ieebjeroelee eeflehe#e kes cegKe ekeej Je Gvekeer meeKe

peneb Yeer DeeJeMeke nes, $e+Ce peesefKece kes eMeceve nsleg Deefleefje eefleYetefle mebJeOe&ve kes he ceW yeQke
Jeweefeke ee mebmLeeiele ieejber eehle kejlee nw efpemes ieejberoelee hej ele#e oeJes kes he ceW
heefjJeefle&le efkeee pee mekes Deewj pees efyevee Mele& Deewj DeheefjJele&veere nes. eefleYetefle mebJeOe&ve kes he
ceW yeQke jepe / kesv mejkeej eje eoe ieejber Yeer mJeerkeej kejlee nw.
Gain control on the source of repayment in the event of default;
In line with RBI guidelines, the Bank has put in place a Board approved Policy on
Credit Risk Mitigation Techniques & Collateral Management. The Bank also has
put in place Lending Policy duly approved by the Board. These policies lay down
the types of securities normally accepted by the Bank for lending, and
administration / monitoring of such securities in order to safeguard / protect the
interest of the Bank so as to minimize the risk associated with it. Both the fixed and
the current assets obtained to secure the loans granted by the Bank as per policy
prescription are subjected to valuation by outside valuers empanelled by the Bank.
peesefKece eMeceke kes he ceW yeQke eje meeceevele: Gheeesie ceW ueer peeves Jeeueer mebheeefe&ke eefleYetefleeeW
ceW efJeeere meneeke eefleYetefleeeb (pewmes-yeQke peceejeefMeeeb, mejkeejer eefleYetefleeeb, kesJeerheer,
SveSmemeer, DeYehe&Ce cetue kes meeLe peerJeve yeercee heeefuemeer, mJeCe& DeeYet<eCe Deeefo) leLee yeQke iewj
efJeeere meneeke eefleYetefleeeB pewmes me@ke, hegmleke $e+Ce, DeeJeemeere Deewj JeeefCeefpeke mebheefeeeW
kee yebOeke Deewj mebeb$e Je ceMeervejer Yeer mJeerkeej kejlee nw.
Mitigate the risk by providing secondary source of repayment in the

event of borrower's default on a credit facility due to inadequacy in
expected cash flow
Main types of guarantor counterparty and their creditworthiness

Wherever required the Bank obtains personal or corporate guarantee as
an additional comfort for mitigation of credit risk which can be translated
into a direct claim on the guarantor which is unconditional and irrevocable.
The Bank also accepts guarantee given by State / Central Government as
a security comfort.
eMeceve kes Devleie&le peesefKece mebkesverkejCe (yeepeej ee $e+Ce) kes yeejs ceW peevekeejer
$e+Ce peesefKece eMeceve nsleg hee$e meYeer ekeej keer eefleYetefleeeb menpe he mes Jemetueer pee mekeves Jeeueer
efJeeere eefleYetefleeeb nQ. Dele: efHeueneue $e+Ce peesefKece eMecekeeW ceW mebkesverkejCe peesefKece mes
efveheves nsleg keesF& meercee / DeefOekelece meercee efveOee&efjle veneR keer ieF& nw.
Information about (Market or Credit) risk concentrations within the

mitigation taken
All types of securities eligible for credit risk mitigation are easily realizable
financial securities. As such, no limit / ceiling have been prescribed for the
present to address the concentration risk in credit risk mitigants.
cee$eelceke ekeve:
Ke)
(b)
Deueie -Deueie eke $e+Ce peesefKece eleske mebefJeYeeie kes efueS ceeefpe&ve kes Gheeesie kes yeeo hee$e
efJeeere meneeke eefleYetefleeeW mes jef#ele kegue efJeieesheve (peneb ueeiet nw Jeneb Dee@@He ee Deeve yesueWme
Meer vesefbie kes yeeo)
(` kejes[ ceW)
efJeJejCe
ceeefpe&ve kes Gheeesie kes yeeo hee$e efJeeere meneeke eefleYetefleeeW mes
jef#ele kegue efJeieesheve (peneb ueeiet nw Jeneb Dee@@He ee Deeve yesueWme Meer
vesefbie kes yeeo )
ie)
For each separately disclosed credit risk portfolio the total exposure (after,
where applicable, on- or off balance sheet netting) that is covered by
eligible financial collateral after the application of haircuts.
(` in crore)
Particulars
31.03.2011
The total exposure (after, where applicable, on- or

off balance sheet netting) that is covered by eligible
financial collateral after the application of haircuts.
2741.04
(c)
Deueie -Deueie eke eleske mebefJeYeeie (peneb ueeiet nw Jeneb Dee@@He ee Deeve yesueWme Meer vesefbie kes
yeeo) kes efueS ieejbefeeW/$e+Ce [sefjJesefJme (peneb efJeMes<e he mes Yeejleere efj]peJe& yeQke ves Devegceefle
oer nw) mes jef#ele kegue efJeieesheve
2741.04
For each separately disclosed portfolio the total exposure (after, where
applicable, on- or off-balance sheet netting) that is covered by guarantees/
credit derivatives (whenever specifically permitted by RBI)
(` in crore)
(` kejes[ ceW)
efJeJejCe
kegue efJeieesheve (peneb ueeiet nw Jeneb Dee@@He ee Deeve yesueWme Meer vesefbie
kes yeeo) pees ieejbefeeW/$e+Ce [sefjJesefJme( peneb efJeMes<e he mes
Yeejleere efj]peJe& yeQke ves Devegceefle oer nw) mes jef#ele kegue efJeieesheve
31.03.2011
Particulars
31.03.2011
Total exposure (after, where applicable, on- or off-balance

sheet netting) that is covered by guarantees/credit
derivatives (whenever specifically permitted by RBI)
Metve
95
31.03.2011
NIL

TABLE DF 7 - SECURITISATION: DISCLOSURE FOR STANDARDIZED
APPROACHES
meejCeer-[erSHe -7- eefleYeteflekejCe:

ceevekeerke=le efkeesCe nsleg ekeve
iegCeelceke ekeve
yeQke ves Je<e& 2010-11 kes oewjeve efkemeer Yeer efveJesMe kee eefleYeteflekejCe veneR efkeee nw.
cee$eelceke ekeve : Metve
meejCeer-[erSHe -8 Jeeheej keer yeefneeW ceW yeepeej peesefKece
iegCeelceke ekeve:
Qualitative disclosures:
ke)
(a)
The Bank has not securitised any exposure during the year 2010-11.
Quantitative Disclosures: NIL
TABL E DF 8 MARKET RISK IN TRADING BOOK
yeepeej peesefKece
yeepeej peesefKece kees yeQke kees yeepeej kes JeglheVeesb pewmes yeepe ojeW, efJeosMeer cege efJeefvecee ojeW,
F&efkeJeer cetueeW Deewj Jemleg cetueeW ceW heefjJele&ve/Gleej-e{eJe kes keejCe nesves Jeeueer neefve keer
mebYeeJevee kes he ceW heefjYeeef<ele efkeee peelee nw. yeepeej peesefKece ceW yeQke kee $e+Ce peesefKece efJeosMeer
cege efJeefvecee efmLeefleeeW, Jeeheej yeefneeW ( SSHeSme Deewj SeSHeer oesvees esefCeeeb) ceW Iejsuet
efveJesMeeW (yeepe mes mecyebefOele efueKele Deewj F&efkeJeer) mes hewoe neslee nw. yeQke JemlegDeesb ceW Jeeheej vener
kejlee nw. yeepeej peesefKece eyebOeve kee GsMe yeepeej peesefKece kes keejCe Deee leLee F&efkeJeer hetbpeer
mes mecyebefOele neefveeeW kes eYeeJe kees vetvelece yeveevee nw.
Market Risk:
Market Risk is defined as the possibility of loss to a bank caused by
changes / movements in the market variables such as interest rates,
foreign currency exchange rates, equity prices and commodity prices.
Banks exposure to market risk arises from domestic investments (interest
related instruments and equities) in trading book (both AFS and HFT
categories), the Foreign exchange positions. Bank is not trading in
commodities. The objective of the market risk management is to minimize
the impact of losses on earnings and equity arising from market risk.
yeepeej peesefKece kes eyebOeve nsleg veerefleeeb, jCeefveefleeeb Deewj eefeeeSb
Policies, strategies and processes for management of market risk
yeQke ceW yeepeej peesefKece kes eYeeJeer eyebOeve nsleg yees[& eje Devegceesefole efveJesMe eyebOeve veerefle Deewj
efveJesMe peesefKece eyebOeve veerefle peesefKece eyebOeve veerefle Deewj Deeefmle oselee eyebOeve veerefle efJeeceeve
nw. Ge veerefleeeW ceW yeepeej peesefKece eyebOeve kes keeeex nsleg megheefjYeeef<ele mebie"veelceke {ebes SJeb
eefeeeDeesb kee efveOee&jCe efkeee ieee nw efpevekes eje yeQke kees nesves Jeeues yeepeej peesefKeceeW kee
DeefYeefveOee&jCe, heefjceeheve, DevegeJele&ve Deewj efveeb$eCe efkeee peelee nw pees yeQke keer peesefKece menve
kejves keer #ecelee kes Deveghe veerefleiele mebjevee kes Yeerlej Deelee nes. veerefleeeW ceW yeepeej peesefKece
kes eYeeJeer DevegeJele&ve nsleg efjheesefie mebjevee kee Yeer meceeJesMe nw. veerefleeeW ceW yeepeej peesefKeceeW kes
eYeeJeer eyebOeve nsleg efJeefYeVe peesefKece meerceeDeesb pewmes DeesJejveeF efueefce, Fvê[s efueefce, Sieeries
iewhe efueefce, me@he uee@me efueefce, JeerSDeej efueefce Deeefo kee Yeer efveOee&jCe efkeee ieee nw. eeflehe#e
yeQkeeW kes efueS Yeer $e+Ce peesefKece meerceeSb efveOee&efjle keer ieF& nQ efpevekee DevegeJele&ve owefveke DeeOeej
hej efkeee peelee nw.
Deeefmle oselee eyebOeve veerefle (SSueSce) efJeMes<e he mes lejuelee peesefKece eyebOeve Je yeepe oj peesefKece
eyebOeve mebjevee mes mecyebefOele nw. pewmee efke veerefle ceW heefjkeefuhele nw, lejuelee peesefKece kee eyebOeve
Yeejleere efjpeJe& yeQke eje efkees iees efveOee&jCe kes Devegmeej Deeefmle Je oseleeDeesb keer DeJeefMe
heefjhekeJelee/eJe=efe kes DeeOeej hej iewhe Sveeefuememe kes peefjes efkeee peelee nw. yeQke ves lejuelee eyebOeve
nsleg Deuhekeeefueke ieefleMeerue lejuelee eyebOeve leb$e leLee Deekeefmceke eespevee leweej keer nw. eYeeJeer
Deeefmle oselee eyebOeve nsleg Deueie Deueie DeJeefMe heefjhekeJelee DeJeefOe esefCeeeW kes efueS efJeJeskehetCe&
(mee-meercee) meerceeSb efveOee&efjle keer ieF& nQ. lejuelee eyebOeve nsleg yeQke keer Deekeefmceke eespevee ceW
lejuelee efmLeefle hej he[ves Jeeues meYeer ekeej kes oyeeyeeW mes efveheves nsleg efkees peeves Jeeues efJeefYeVe
Deekeefmceke Gheee Meeefceue nQ. yeQke ves yees[& eje Devegceesefole leveeJe hejer#eCe veerefle yeveeF& nw Deewj Jen
lejuelee peesefKece, yeepe oj peesefKece Deewj efJeosMeer cege efJeefvecee peesefKece kes mecyebOe ceW Yeejleere
efjpeJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej DeeJeefOeke he mes leveeJe hejer#eCe kejlee nw.
The Bank has put in place Board approved Investment Management Policy
& Investment Risk Management Policy, Risk Management Policy and
Asset Liability Management (ALM) Policy for effective management of
market risk in the Bank. The above policies lay down well-defined
organization structure for market risk management functions and processes
whereby the market risks carried by the Bank are identified, measured,
monitored and controlled within the policy framework consistent with the
Banks risk tolerance. The policies deal with the reporting framework for
effective monitoring of market risk and also set various risk limits such as
Overnight Limit, Intra-day limit, Aggregate Gap limit, Stop Loss limit, VaR
limit etc. Exposure limits are set for the counterparty banks and the
exposures are monitored on daily basis.
yeepe oj peesefKece kee eyebOeve DeefmLej YeeJe Jeeueer DeeefmleeeW Je oseleeDeesb kes iewhe Sveeefuemesme kes
peefjes efkeee peelee nw efpemekee DevegeJele&ve efveOee&efjle efkees iees efJeJeskehetCe& (mee-meercee) meerceeDeesb
kes ceeOece mes efkeee peelee nw. yeQke ves yeepe oj peesefKece kes eyebOeve nsleg [etjsMeve iewhe Sveeefuememe
esceJeke& Yeer leweej efkeee nw. yeQke efveJeue yeepe Deee leLee F&efkeJeer kes DeeefLe&ke cetue hej eYeeJe
kes efveOee&jCe nsleg peesefKece Yejs Depe&veeW Deewj yeepe oj keer eefleketue ieefleMeeruelee kes efJeOo
mebMeesefOele [etjsMeve iewhe kee eekekeueve kejlee nw.
Interest rate risk is managed through use of Gap Analysis of rate sensitive
assets and liabilities and monitored through prudential (Tolerance) limits
prescribed. The Bank also has put in place Duration Gap Analysis
framework for management of interest rate risk. The Bank estimates
Earnings at Risk (EaR) and Modified Duration Gap (DGAP) periodically
against adverse movement in interest rate for assessing the impact on Net
Interest Income (NII) and Economic Value of Equity (EVE).
Deeefmle oselee eyebOeve meefceefle (SSuemeerDees)/yees[& yeQke eje efveOee&efjle efJeJeskehetCe& meerceeDeesb kes
Devegheeueve kee DevegeJele&ve kejlee nw leLee yeepeej efmLeefleeeW kees osKeles ngS jCeefveefleeeb yeveelee nw.
[erefuebie ce kes keee& kesverke=le nQ Deewj [erefuebie ce kes keeeex hej efveiejeveer jKeves nsleg Ske eCeeueer
ceewpeto nw. Kepeevee SJeb Debleje&êre yeQefkebie efJeYeeie kee efce[ keeee&uee melele DeeOeej hej efJeJeskehetCe&
meerceeDeesb kes Devegheeueve hej efveiejeveer jKelee nw.
The Asset Liability Management Committee (ALCO) / Board monitors

adherence of prudential limits fixed by the Bank and determines the
strategy in light of the market conditions. Dealing room activities are
centralized and system is in place to monitor the dealing room activities.
The Mid- Office at the Treasury & International Banking Department (TIBD)
also monitors adherence of prudential limits on a continuous basis.
osMe peesefKece kes DevegeJele&ve nsleg osMeJeej DeeOeej hej mekeue $e+Ce peesefKece kee Deekeueve efkeee
peelee nw. efJeefYeVe osMeeW kes peesefKece Jeieer&kejCe nsleg yeQke eje F&meerpeermeer peesefKece Jeieer&kejCe kee
Gheeesie efkeee peelee nw. DeleefOeke peesefKece Jeeues osMeeW kes $e+Ce peesefKece kee efveOee&jCe eLeesefele
peesefKece eMeceve mes efkeee peelee nw.
The aggregate exposure on country-wise basis is taken for monitoring the

country risk. For risk categorization of various countries, the ECGC risk
classification is used by the Bank. Exposure on High Risk countries are
taken with proper risk mitigation.
The ALM Policy specifically deals with liquidity risk and interest rate risk
management framework. As envisaged in the policy, liquidity risk is
managed through the Gap Analysis based on the residual maturity /
behavioral pattern of assets and liabilities as prescribed by the RBI. The
Bank has put in place mechanism of short term dynamic liquidity
management and contingency plan for liquidity management. Prudential
(Tolerance) limits are set for different residual maturity time buckets for
efficient asset liability management. The Banks contingency plan for
liquidity management comprises various contingent measures to deal
with any kind of stress on liquidity position. The Bank has put in place
Board approved Stress Testing Policy and conducts periodic stress tests
on liquidity risk, interest rate risk and foreign exchange risk.
96
cee$eelceke ekeve:
Quantitative Disclosure:
Ke)
(b)
efvecveefueefKele kes efueS hetbpeer DeeJeMekeleeSb
The capital requirements for

(` in crore)
(` kejes[ ceW)
yeepeej peesefKece kes ekeej
Type of Market Risk
31.3.2011
yeepe oj peesefKece
Interest Rate Risk
110.78
F&efkeJeer efmLeefle peesefKece

efJeosMeer cege efJeefvecee
110.78
Equity Position Risk
34.04
34.04
Foreign Exchange Risk
7.20
31.03.2011
7.20
TABLE DF- 9 - OPERATIONAL RISK
meejCeer-[erSHe-9-heefjeeueve peesefKece
iegCeelceke ekeve:
Qualitative disclosures:
heefjeeueve peesefKece
Operational risk:
heefjeeueve peesefKece Deheee&hle ee efJeHeue nes egkeer Deebleefjke eefeeeDeesb, ueesieeW Deewj eCeeefueeeW ee yeenjer
IeveeDeesb kes heefjCeecemJehe nesves Jeeueer neefveeeW kee peesefKece neslee nw. heefjeeueve peesefKece ceW efJeefOeke
peesefKece Meeefceue neslee nw efkevleg jCeveerefleke Je eefleelceke peesefKece Meeefceue veneR neslee nw.
Operational Risk is risk of loss resulting from inadequate or failed internal

processes, people and systems or from external events. Operational risk
includes Legal risk but excludes Strategic and Reputation Risk.
heefjeeueve peesefKece kes eyebOeve nsleg veerefleeeb -
Policies on management of Operational Risk:
yeQke ves peesefKece eyebOeve veerefle kes Yeeie kes he ceW yees[& eje efJeefOeJele Devegceesefole heefjeeueveiele peesefKece
eyebOeve veerefle leweej keer nw. heefjeeueve peesefKece kes eyebOeve nsleg yees[& eje DeheveeF& ieF& Deve veerefleeeW ceW
efvecveefueefKele kee meceeJesMe nw ke) metevee eCeeueer megj#ee veerefle Ke) JeJemeee efvejblejlee Deeeespeve veerefle
ie) Devegheeueve veerefle Deewj Ie) yeeeeesle-Gheeesie veerefle *) OeesKeeOe[er peesefKece eyebOeve veerefle. yeQke ves
Deheves ieenke kees peeefveS (kesJeeF&meer) leLee Oeve MeesOeve efveJeejCe (SSceSue) keer keee&efJeefOeeeW kes mecyebOe
ceW efoMeeefveoxMe peejer efkees nQ.
The Bank has framed Operational Risk Management Policy as a part of Risk
Management Policy, duly approved by the Board. The other policies approved
by the Board which deal with management of operational risk are (a) Information
System Security Policy, (b) Business Continuity Planning Policy, (c) Compliance
Policy, (d) Outsourcing Policy and (e) Fraud Risk Management Policy. The Bank
has issued guidelines on Know Your Customer (KYC) and Anti-Money
Laundering (AML) procedures.
jCeveerefleeeb Deewj eefeeeSb - yeQke keer heefjeeueve peesefKece eyebOeve eefeee eYeeJeer Deebleefjke efjheesef&bie
Deebleefjke efveeb$eCe mebmke=efle, keeheexjs cetueeW kees Meeefceue kej "esme heefjeeueve eefeeeDeesb Deewj cepeyetle
mebie"veelceke mebmke=efle eje mebeeefuele nw. yeQke ceW heefjeeueveiele peesefKece kes eYeeJeer eyebOeve kes efueS
veerefleeeb efJeeceeve nQ.
Strategies and processes: The Operational Risk Management process of the Bank
is driven by a strong organizational culture and sound operating procedures, involving
corporate values, internal control culture, effective internal reporting. Policies are put
in place for effective management of Operational Risk in the Bank.
yeQke efJeefOeke euesKeeW keer heee&hlelee leLee eJele&veerelee megefveefele kejves nsleg efJeefOeke euesKeeW keer melele he
mes hegvejer#ee kejlee nw. peesefKece DeblejCe kes Gheee kes he ceW yeQke ves Deheves mJeeefcelJe ceW Deeves Jeeueer meYeer
DeeefmleeeW kes efueS yeercee megj#ee eehle keer nw. en Yeer megefveefele efkeee peelee nw efke peesefKece eMeceve
Gheee kes he ceW yeQke eje efJeeheesef<ele meYeer DeeefmleeeB Yeer heee&hle he mes yeerceebefkele nQ. heefjeeueve
peesefKece eyebOeve veerefle ceW mebie"veelceke {ebes leLee heefjeeueve peesefKece eyebOeve efJemle=le eefeeeDeesb keer
hejsKee oer ieF& nw. veerefle kee cegKe GsMe cenlJehetCe& heefjeeueveiele neefveeeW meefnle heefjeeueveiele
peesefKece efJeieesheveeW keer mecee mes efjheesef&bie eje Deewj heefjeeueve peesefKeceeW kes efveeb$eCe/eMeceve ,efveOee&jCe,
efveiejeveer Deewj eYeeJeer DeefYeefveOee&jCe nsleg mhe he mes YetefcekeeeW lee kejves kes eje yeQke keer owvebefove
peesefKece eyebOeve eefeee ceW heefjeeueve peesefKece eyebOeve eCeeueer kees OeevehetJe&ke Skeerke=le kejvee nw. yeQke
ceW heefjeeueve peesefKece kee eyebOeve Ske Jeeheke SJeb megmhe Deebleefjke efveeb$eCe mebjevee kes peefjes efkeee
peelee nw.
The Bank has been constantly reviewing the legal documents to ensure that the
legal documents are comprehensive and enforceable. As a measure of risk
transfer, the Bank has obtained insurance cover for all the assets owned by the
Bank. It is also ensured that the assets financed by the Bank are also adequately
insured as a risk mitigation measure. The operational risk management policy
outlines the organization structure and detail processes for management of
operational risk. The basic objective of the policy is to closely integrate operational
risk management system into the day-to-day risk management processes of the
Bank by clearly assigning roles for effectively identifying, assessing, monitoring
and controlling / mitigating operational risks and by timely reporting of operational
risk exposures including material operational losses. Operational risks in the
Bank are managed through comprehensive and well-articulated internal control
framework.
heefjeeueve peesefKece nsleg hetbpeer eYeej heefjkeueve kes efueS Deheveeee ieee efkeesCe:
Approach adopted for capital charge computation for operational risk:
yeQke ves heefjeeueve peesefKece nsleg hetbpeer eYeej kee heefjkeueve kejves kes efueS cetue mebkesleke efkeesCe
(yeerDeeF&S) kees Deheveeee nw.
The Bank is following Basic Indicator Approach (BIA) for calculating capital
charge for operational risk.
meejCeer-[erSHe-10-yeQefkebie yener ceW yeepe oj peesefKece (DeeF&DeejDeejyeeryeer)
TABLE DF 10 INTEREST RATE RISK IN THE BANKING BOOK (IRRBB)

iegCeelceke ekeve:
ke)
(a)
yeQefkebie yener ceW yeepe oj peesefKece:
Interest Rate Risk in the Banking Book (IRRBB) refers to the potential
adverse financial impact on the Banks Banking Book from changes in
interest rates. The interest rate risk is measured and monitored through
two approaches.
yeepe ojeW ceW nesves Jeeues heefjJele&veeW mes yeQke keer yeefneeW hej he[ves Jeeues mebYeeefJele eefleketue eYeeJe
kee meboYe& yeQefkebie yeefneeW ceW yeepe oj peesefKece (DeeF&DeejDeejyeer) nw. yeepe oj peesefKece kee
ceeheve Deewj efveiejeveer oes efJeefOeeeW mes keer peeleer nw.
(i)
peesefKece hej Deee - Deee hej he[ves Jeeues eYeeJe (Depe&ve heefjes#e) kee ceeheve ie@he Sveeefuemesme kes
peefjes 100 DeeOeej DebkeeW leke keefuhele oj Mee@ke-Dehe (DeeefmleeeW Deewj oseleeDeesb ceW yeepe oj ceW
meceeveeblej yeoueeJe) ueeiet kejles ngS efkeee ieee nw.
(ii)
F&efkeJeer kes DeeefLe&ke cetue ([etjsMeve iewhe Sveeefueefmeme) - yeQke ves Yee.efj.yeQke eje megPeeF& ieF&
efJeefOe kes DevegmejCe ceW F&efkeJeer kes DeeefLe&ke cetue hej (DeeefLe&ke cetue heefjes#e) eYeeJe kes efveOee&jCe
nsleg (eefleMele kes he ceW) [etjsMeve ie@he Sveeefuememe kees Deheveeee nw. en F&efkeJeer keer mebMeesefOele
DeJeefOe hej Debeflece he mes hengBeves kes efueS Deeefmle Deewj oseleeDeesb keer mebMeesefOele DeJeefOe kes
heefjkeueve eje efkeee peelee nw.
Interest Rate Risk in the Banking Book:
97
(i)
Earnings at Risk: The impact on income (Earning Perspective) is measured

through use of Traditional Gap Analysis by applying notional rate shock
(parallel shift in the interest rates across assets and liabilities) up to 100
basis point (bps).
(ii)
Economic Value of Equity (Duration Gap Analysis): The Bank has adopted
Duration Gap Analysis for assessing the impact (as a percentage) on the
economic value of equity (Economic Value Perspective) in line with method
suggested by RBI. It is done by calculating modified duration of assets and
liabilities to finally arrive at modified duration of equity.
yeepe oj mebJesoveMeeruelee efJeJejCe yevee efueee ieee nw.
Yee.efj.yeQke eje efoS ieS efveoxMe kes Devegmeej 200 DeeOeej Debke kee oj Mee@ke kes efueS F&efkeJeer
kes DeeefLe&ke cetue hej (DeeefLe&ke cetue heefjes#e ceW) eYeeJe kees efJeMuesef<ele efkeee ieee nw.
eleske Deeefmle Deewj oselee keer DeJeefOe, eleske eFce yekes kes ceOeefyebog kees heefjhekeJelee
efoveebke keer lejn Deewj Deewmele GlheVe kees ketheve keer lejn leLee ef[mkeeGbefbie kes GsMe kes
efueS yeepeej oj uesves mes DeeF& nw. efveJesMeeW kes efueS, JeemleefJeke DeJeefOe ueer ieF& nw.
Interest Rate Sensitivity statement is prepared.
The impact on the Economic Value of Equity is analyzed for a 200 bps rate
shock as indicated by RBI.
The duration of each asset and liability is arrived at taking the midpoint of
each time bucket as the maturity date and the average yield as coupon and
taking the market rate for discounting purpose. For investments, the actual
duration is taken.
F&efkeJeer kes DeeefLe&ke cetue kee ceeheve Deewj efveiejeveer $ewceeefmeke DeeOeej hej keer peeleer nw.
The Economic Value of Equity is measured and monitored on a quarterly basis.
cee$eelceke ekeve:
Quantitative Disclosure:
Ke)
(b)
keefuhele yeepe oj Mee@ke nsleg Depe&veeW SJeb F&efkeJeer kes DeeefLe&ke cetue hej eYeeJe. peesefKece hej
Depe&ve
(` kejes[ ceW)
yeepe oj ceW heefjJele&ve
The impact on earnings and economic value of equity for notional interest
rate shock. Earnings at Risk
(` in crore)
1 Je<e& hej hegvece&tueve
Change in Interest rate
Repricing at 1 Year
31.03.2011
31.03.2011
0.25%
34.15
0.25%
34.15
0.50%
68.29
0.50%
68.29
0.75%
102.44
0.75%
102.44
1.00%
136.58
1.00%
136.58
F&efkeJeer kee DeeefLe&ke cetue
Economic Value of Equity
31.03.2011
200 DeeOeej Debke Mee@ke nsleg F&efkeJeer cetue ceW keceer
For a 200 bps notional rate shock the drop in

equity value
17.04%
98
31.03.2011
17.04%
31 ceee& 2011 kees meceehle Je<e& kes efueS vekeoer eJeen kee efJeJejCe
STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31ST MARCH 2011
31.03.2011 kees meceehle Je<e&
yeesjs Particulars
ke.
A.
Year Ended 31.03.2011
(` npeej ceW) (` In Thousands)

heefjeeueve ieefleefJeefOeeeW mes vekeoer eJeen
CASH FLOW FROM OPERATING ACTIVITIES
Deee INCOME
Deefpe&le yeepe INTEREST EARNED
Deve Deee OTHER INCOME
IeeSb : Jee Je eeJeOeeve LESS: EXPENDITURE & PROVISIONS
eoe yeepe INTEREST PAID
heefjeeueve Jee OPERATING EXPENSES
eeJeOeeve SJeb DeekeefmcekeleeSb PROVISIONS & CONTIGENCIES
5563,08,76
530,85,78
6093,94,54
4735,56,34
591,24,39
5326,80,73
3594,68,89
1644,22,39
524,64,44
5763,55,72
3439,30,87
1072,94,70
374,97,48
4887,23,05
330,38,82
439,57,68
Jee kes Thej Deee DeefOeke nesves kee keejCe vekeoer ceW efveJeue Je=ef
NET INCREASE IN CASH DUE TO INCREASE OF INCOME OVER EXPENSES
pees[W : iewj vekeoer ceo SJeb Deueie efJeeeefjle ceoW

ADD : NON CASH ITEMS & ITEMS CONSIDERED SEPARATELY
eeJeOeeve SJeb DeekeefmcekeleeSb PROVISIONS & CONTINGENCIES
Deeue mebheefeeeW nsleg cetueeme DEPRECIATION FOR FIXED ASSETS
erej II yeeB[med hej yeepe INTEREST ON TIER II BONDS
524,64,44
67,85,59
232,86,94
IeeSb : eoe ele#e kej (Meg) LESS: DIRECT TAXES PAID (NET)
heefjeeueve mes Deefpe&le vekeo ueeYe (I) CASH PROFIT GENERATED FROM OPERATIONS (I)
heefjeeueve oseleeDeesb ceW efveJeue Je=ef NET INCREASE OF OPERATING LIABILITIES
peceejeefMeeeb DEPOSITS
GOeeefjeeb (erej I/II yeeB[ kees es[kej) BORROWINGS (EXCL TIER I/II BONDS)
Deve oseleeSb Je eeJeOeeve OTHER LIABILITIES & PROVISION
pees[ Total
IeeSb : heefjeeueve DeeefmleeeW ceW Meg Je=ef LESS: NET INCREASE OF OPERATING ASSETS
efveJesMe INVESTMENTS
Deefiece ADVANCES
Deve Deeefmleeeb OTHER ASSETS
pees[ Total
heefjeeueveiele DeeefmleeeW hej heefjeeueveiele oseleeDeesb ceW efveJeue Je=ef (II)
825,36,97
1155,75,79
-233,40,57
922,35,22
374,97,48
75,08,90
207,08,46
3540,66,58
447,71,09
-117,69,72
3870,67,95
11049,14,98
-60,55,99
-14,71,00
10973,87,99
1167,23,34
6566,06,91
57,65,62
7790,95,87
2941,70,76
6023,92,40
465,86,12
9431,49,28
NET INCREASE OF OPERATING LIABILITIES OVER OPERATING ASSETS (II)
heefjeeueve ieefleefJeefOeeeW mes vekeoer eJeen (I+II) = (ke)
CASH FLOW FROM OPERATING ACTIVITIES (I+II)= (A)
657,14,84
1096,72,52
-302,48,18
794,24,34
-3920,27,92
1542,38,71
-2997,92,70
2336,63,05
Ke. efveJesMe ieefleefJeefOeeeW mes vekeoer eJeen

B.
CASH FLOW FROM INVESTING ACTIVITIES

Deeue mebheefeeeW kee ee/efJeee PURCHASE / SALE OF FIXED ASSETS
-86,17,11
efveJesMe ieefleefJeefOeeeW mes efveJeue vekeoer eJeen (Ke)
NET CASH FLOW FORM INVESTING ACTIVITIES (B)
ie.
C.
-64,77,16
-86,17,11
-64,77,16
efJeehees<eCe ieefleefJeefOeeeW mes vekeoer eJeen
CASH FLOW FROM FINANCING ACTIVITIES:
1. erej II SJeb Dehej erej II yeeB[med leLee yesefceeeoer yeeB[ mes Deeiece (ceeseve meefnle)
Proceeds from Tier II & Upper Tier II Bonds and Perpetual Bond(incl.redemption)
2. ueeYeebMe meefnle kej Dividend plus tax

3. erej II yeeB[med hej yeepe Interest on Tier II Bonds
4. F&efkeJeer MesDeme& peejer kejvee Issue of Equity Shares
5. heerSvemeerheerSme MesDeme& peejer kejvee Issue of PNCPS Shares
efJeehees<eCe ieefleefJeefOeeeW mes vekeoer eJeen = (ie)
CASH FLOW FROM FINANCING ACTIVITIES = (C)
Je<e& kes oewjeve kegue vekeoer eJeen (ke+Ke+ie)
TOTAL CASH FLOW DURING THE YEAR (A+B+C)
99
-167,50,00
-100,73,31
-232,86,94
352,00,00
588,00,00
600,00,00
-75,55,30
-207,08,46
0
0
438,89,75
317,36,24
-2645,20,06
2589,22,13

31 ceee& 2011 kees meceehle Je<e& kes efueS vekeoer eJeen kee efJeJejCe
STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31ST MARCH 2011
yeesjs Particulars
31.03 2011 kees meceehle Je<e&

5315,39,31
3881,41,92
1379,16,39
6694,55,70
223,91,65
4105,33,57
3846,00,33
5315,39,31
203,35,31
4049,35,64
1379,16,39
6694,55,70
-2645,20,06
2589,22,13
eje eefleefveefOelJe - REPRESENTED BYJe<e& kes DeejbYe ceW Mes<e Balances at the beginning of the year
Yeejleere efj]peJe& yeQke kes heeme vekeoer Je DeefOeMes<e Cash & Balance with RBI
yeQkeeW kes heeme Mes<e, ceebie Je Deuhe veesefme eehe Oeve

Balances with Banks & Money at Call & Short notice
Je<e& kes Deble ceW Mes<e Balances at the end of the year
Yeejleere efj]peJe& yeQke kes heeme vekeoer Je DeefOeMes<e Cash & Balances with RBI
Balance with banks & money at call & Short notice
Je<e& kes oewjeve kegue vekeoer eJeen (ke-Ke)
TOTAL CASH FLOW DURING THE YEAR (A-B)
kes. Se. JePes
cegKe ceneeyebOeke
A.S. BHATTACHARYA
Executive Director

ceneeyebOeke efJee Je ues-1 Je efveJesMeke mesJeeSb
ke=les js Sb[ keb.
For Ray & Co.
SHeDeejSve 305123F&
SHeDeejSve 313124F&
FRN: 305123E
FRN: 313124E
meveoer uesKeekeej
meveoer uesKeekeej
S. Sme. Yeeeee&
M.G. SANGHVI
A. S. BANERJEE
S. Sme. yevepeea
K. H. WAZE
For Jodh Joshi

And Co
For JCR & Co.
FRN :105270W
meveoer uesKeekeej
FRN: 104317W
meveoer uesKeekeej
(cekejbo peesMeer)
For N.Kumar Chhabra
& Co.
FRN: 006791N
FRN : 000837N
meveoer uesKeekeej
meveoer uesKeekeej
(Sme.kes.eJeefjee)
Yeeieeroej
(megyelee je@e)
(Subrata Roy)
Yeeieeroej
(Makarand Joshi)
Yeeieeroej
Yeeieeroej
Yeeieeroej
Yeeieeroej
(Partner)
(Partner)
(Partner)
(Partner)
(Partner)
(Partner)
meomelee e.008482
meomelee e.051205
meomelee e.047196
meomelee e.129055
meomelee e.080496
meomelee e.084906
(Amit Tanpure)
(veJelespe kegceej)
(Navtej Kumar)
(mebpee pewve)
(Sanjay Jain)
mLeeve : hegCes
Place: Pune
100
yeer eJeefjee Sb[ keb.

meveoer uesKeekeej
8S Je 8yeer melece e@Jeme&,
3, Deueerhegj jes[,
keesuekelee-700027
js Sb[ keb.
meveoer uesKeekeej
ce veb. 8meer, 8JeeR cebefpeue
21 S Meskemeheerej mejveer,
keesuekelee-700017

meveoer uesKeekeej
pes.heer.neGme,1ueer cebefpeue,
jefJeveiej mkeJesej,
DecejeJeleer jes[
veeiehegj-400 010
pes meer Deej Sb[ keb.

meveoer uesKeekeej
jeJeue neGme,
18JeeR jes[ Keej heefece
cegbyeF&-400052
B. Chhawchharia & Co.,

Chartered Accountants,
8A & 8B, Satyam Towers,
3, Alipore Road,
Kolkata 700 027
Ray & Co.,

21A, ShakspeareSarani,
Flat 8C, 8th Floor,
Kolkata 700 017
Jodh Joshi And Co.,

J.P. House, 1st Floor,
Ravinagar Square,
Amravati Road,
Nagpur 400 010
Sve. kegceej eyeje Sb[ kebheveer

meveoer uesKeekeej
SmemeerDees 1094-95
meskej 22 yeer
eb[erie{-160 022
[erSmeheer Sb[ SmeesefmeSdme

meveoer uesKeekeej
783, osMeyebOeg ieghlee jes[,
kejesue yeeie,
veF& efouueer-110 005
DSP & Associates,

N. Kumar Chhabra & Co.,
J C R & Co.,
783, DeshBandhu Gupta
SCO 1094-95,
Raval House,
Road, Karol Bagh,
Sector 22-B,
18th Road, Khar (W),
New Delhi 110 005
Chandigarh 160 022
Mumbai 400 052.
AUDITORS' REPORT

To
Yeejle kes je^heefle keer mesJee ceW
The President of India

Report On Financial Statements
efJeeere efJeJejCeeW hej efjhees&

1.
1.
nceves yeQke Dee@@He ceneje^ kes efoveebke 31 ceee&, 2011 kes mebueive efJeeere efJeJejCeeW, efpeveceW 31 ceee&
2011 kee leguevehe$e leLee ueeYe Je neefve uesKee leLee Gmeer efoveebke kees meceehle Je<e& kes efueS vekeoer eJeen
efJeJejCe, leLee cenJehetCe& uesKee veerefleeeW kee meejebMe leLee Deve JeeKeelceke metevee Meeefceue nw, keer
uesKee hejer#ee keer nw. Fve efJeeere efJeJejCeeW ceW nceejs eje uesKee hejeref#ele 20 MeeKeeDeeW SJeb Ke]peevee
leLee Deblejjeêre yeQefkebie MeeKee (erDeeF&yeeryeer) leLee MeeKee uesKee hejer#ekeeW eje uesKee hejeref#ele 1298
MeeKeeDeeW keer efJeJejefCeeeb Meeefceue nQ.
The branches audited by us and those audited by other auditors, as informed

to us, 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 statements of Profit & Loss are the returns from
14.13% branches which have not been subjected to audit but certified by the
management. These unaudited branches account for 1.49% of advances,
2.17% of deposits, and 0.67% of interest income and 2.16% of interest
expenses.
pewmee nceW yeleeee ieee nw, nceejs eje uesKee hejeref#ele Je Deve uesKee hejer#ekeeW eje uesKee hejeref#ele
MeeKeeDeesb kee eeve yeQke ves Yeejleere efjpeJe& yeQke eje peejer efoMee efveoxMeeW kes Devegmeej efkeee nw. meeLe
ner 14.13 eefleMele MeeKeeDeesb kes legueve he$e Deewj ueeYe Je neefve kes efJeJejCe, pees eyebOeve eje eceeefCele
uesefkeve uesKee hejer#ee kes DeOeerve vener nQ, Yeer Meeefceue nQ. Fve DeuesKeehejeref#ele MeeKeeDeesb kee DeefieceeW ceW
1.49 % peceejeefMeeeW ceW 2.17%, yeepe Deee ceW 0.67% Deewj yeepe Kee& ceW 2.16% efnmmee nw.
efJeeere efJeJejCeeW kes efueS eyebOeve keer efpeccesoejer
2.
We have audited the accompanying financial statements of BANK OF

MAHARASHTRA as at 31st March 2011 which comprise the Balance
Sheet as at March 31, 2011, and the Profit and Loss Account and the
Cash Flow statement for the year then ended, and a summary of significant
accounting policies and other explanatory information. Incorporated in
these financial statements are the returns of 20 branches & The Treasury
& International Banking Branch (TIBB) audited by us and 1298 branches
audited by Branch Auditors.
Management's Responsibility for the Financial Statements
yeQefkebie efJeefveeceve DeefOeefveece, 1949 kes Devegmeej Fve mecesefkele efJeeere efJeJejCeeW kee efvecee&Ce eyebOeve
keer efpeccesoejer nw. efJeeere efJeJejCeeW kees leweej kejves mes mebyebefOele Fme efpeccesoejer ceW efJeeere efJeJejCeeW keer
leweejer nsleg Deebleefjke efveeb$eCe kees leweej kejvee Gmekee keeee&vJeeve Deewj jKejKeeJe Meeefceue nw leeefke es
efJeeere efJeJejCe peeuemeepeer ee efkemeer Deve ieueleer kes keejCe mes efkemeer Yeer ieuele keLeve mes cege jnW.
2.
uesKee hejer#ekeeW keer efpeccesoejer
Management is responsible for the preparation of these financial statements

in accordance with 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
misstatements, whether due to fraud or error.
Auditors' Responsibility -
3.
nceejer efpeccesoejer mecesefkele efJeeere efJeJejCeeW keer uesKee hejer#ee kes DeeOeej hej DeefYecele Jee kejvee nw.
nce Yeejleere meveoer uesKeekeej mebmLeeve eje peejer uesKee hejer#ee ceevekeeW kes DeeOeej hej uesKee hejer#ee
kejles nQ. Fve uesKee ceevekeeW kes Devegmeej nceW vewefleke DeeJeMeeeDeesb kee heeueve kejvee neslee nw Deewj uesKee
hejer#ee keer eespevee leweej kej uesKee hejer#ee kejvee nesleer nw leeefke en helee ueieeee pee mekes efke keee
efJeeere efJeJejCe efkemeer Yeewefleke ieuele keLeve mes cege nQ.
3.
Our responsibility is to express an opinion on these financial statements

based on our audit. We conducted our audit in accordance with 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 misstatements.
4.
efJeeere efJeJejCeeW ceW ekeve Deewj jkece mes mebyebefOele uesKee hejer#ee mee#e eehle kejves nsleg keee&efJeefOe
efve<heeefole kejvee uesKee hejer#ee ceW Meeefceue neslee nw. peeuemeepeer ee ieueleer kes keejCe efJeeere
efJeJejCeeW ceW Yeewefleke ieuele keLeve kee cetueebkeve kejves meefnle uesKee hejer#eke kes efveCe&e kes DeeOeej
hej egveer ieF& keee&efJeefOe DeeOeeefjle nesleer nw. es peesefKece cetueebkeve kejves kes efueS kebheveer keer leweejer
mes mebyebefOele Deebleefjke efveeb$eCeeW Deewj heefjefmLeefle efJeMes<e ceW Gefele uesKee hejer#ee keee&efJeefOe leweej
kejves kes efueS efJeeere efJeJejCeeW keer Gefele emlegefle nsleg uesKee hejer#ekeeW ves efJeeej efkeee nw. Gheeesie
ceW ueeF& ieF& veerefleee keer Gheegelee kee cetueebkeve kejvee Deewj eyebOeve eje ueieeS ieS uesKee
DevegceeveeW kee Deewefele leLee Gmeer ekeej efJeeere efJeJejCeeW keer meceie leweejer kee cetueebkeve kejvee Yeer
uesKee hejer#ee ceW Meeefceue neslee nw.
4.
An audit involves performing procedures to obtain audit evidence about the

amounts and disclosures in the financial statements. The procedures selected
depend on auditors judgment, including the assessment of the risk 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 companys preparation and fair presentation of the financial statements in
order to design audit procedures that are appropriate in the circumstances. An
audit also includes evaluating the appropriateness of accounting policies used
and the reasonableness of the accounting estimates made by management,
as well as evaluating the overall presentation of the financial statements.
101

5.
nce efJeeeme kejles nw efke nceW eehle mee#e nceejs uesKee hejer#ee DeefYecele kes efueS Gefele DeeOeej eoeve
kejles nQ.
5.
Emphasis of Matters
ceeceueeW kee cenlJe

6.
We believe that our audit evidence we have obtained is sufficient and

appropriate to provide a basis for our audit opinion.
6.
nceejs DeefYecele keer eesielee kes efyevee nce Oeeve Deekeef<e&le kejles nQ efke
ke) cetue kebheveer kes mecesefkele uesKeeW kes meeLe mebueive Devegmeteer 18 keer efhheCeer eb. 4.2 ceW megjef#ele
DeJeceeveke DeeefmleeeW kes mebyebOe ceW eeJeOeeve keer uesKee veerefle ceW heefjJele&ve kes keejCe Je<e& kes efueS
cetue kebheveer kee efveJeue ueeYe(kej mes efveJeue) ` 18.86 kejes[ mes kece jne efpemekee eYeeJe yeQke keer
mecesefkele DeeefmleeeW Deewj oseleeDeesb hej Yeer he[e.
Ke) mecesefkele uesKeeW kes meeLe mebueive cetue kebheveer kes Devegmeteer 18 ceW efhheCeer eb. 10.3
hees 409.90 kejes[ keer meercee leke yeQke keer heWMeve leLee Gheoeve oselee kes DeemLeieleve keer
JeeKee kejlee nw, efpemekee mebyebOe mejkeejer #es$e kes yeQkeeW kes kece&eeefjeeW kes efueS heWMeve efJekeuhe
ogyeeje Keesueves leLee Gheoeve meerceeDeesb ceW Je=ef- efJeJeskeer efJeefveeeceke Gheeej hej Yee.efj.yeQke kes
efoveebke 09 HejJejer 2011 kes heefjhe$e eb. [eryeerDees[er.[erheer.yeermeer/80/21.04.018/2010-11 kes
Devegmeej yeQkeeW kees uesKee ceeveke 15- kece&eejer ueeYe mes mebyebefOele eeJeOeeveeW kees kejves mes t
osves mes nw.
Without qualifying our opinion, we draw attention to

a)
Note No. 4.2 in Schedule 18 regarding change in accounting policy

of provisioning in respect of secured sub-standard assets, due to
which net profit (net of tax) for the year is lower by ` 18.86 crore with a
consequential effect on assets and liabilities of the bank.
b)
Note No. 10.3 in Schedule 18 which describes deferment of pension and

gratuity liability of the bank to the extent of ` 409.90 crores, pursuant to the
exemption granted by the Reserve Bank of India to the public sector banks
from application of the provisions of Accounting Standard 15 - Employees
Benefit vide its Circular DBOD.BP.BC/80/21.04.018/2010-11 of 9th
February, 2011 on Reopening of pension Option to Employees of Public
Sector Bank and Enhancement in Gratuity limits Prudential Regulatory
Treatment.
Had the said Circular not been issued, the profit before tax of the Bank
would have been lower by ` 409.90 crores pursuant to application of the
requirements of AS 15, the consequential effect of which has not been
ascertained on other related components of the financial statements.
eefo Ge heefjhe$e peejer veneR ngDee neslee lees cetue kebheveer kee kej hetJe& ueeYe uesKee ceeveke 15 ueeiet kejves
kes heefjCeecemJehe ` 409.90 kejes[ mes kece neslee. Fmekee heefjCeeceer eYeeJe efJeeere efJeJejCeeW kes Deve
mebyebefOele IekeeW hej efveefele vener efkeee ieee nw.
Opinion
DeefYecele
7.
We have observed that-
7.
a)
Note No. 9.5.4 in Schedule 18 regarding excess charging of depreciation

in earlier years on Electrical Equipments, the impact of which is not yet
ascertained.
b)
The effect of adjustments that may arise from the on going reconciliation
of certain assets/liabilities. clearing differences, inter branch accounts/inter
branch transfer of fixed assets and charge of depreciation on fixed assets,
(as stated in Note No. 9.3 of Schedule 18 annexed to the Balance Sheet),
the consequential impact thereof on the accounts is not ascertainable;
c)
The Bank is following the policy of recognizing the income from commission,
locket rent etc. on cash basis during the year, instead of accrual basis as
stated in para no. 6.1 Schedule 17 Significant Accounting Policies which
are not in conformity with the Accounting Standard 9 Revenue Recognition,
issued by The Institute of Chartered Accountants of India; and
nceves en heeee nw efke

ke) cetue kebheveer kes mecesefkele uesKeeW kes meeLe mebueive Devegmeteer 18 keer efhheCeer eb. 9.5.4 - iele Je<ees kes oewjeve
Fuesefke^keue GhekejCeeW hej eYeeefjle DeefOeke cetue eme kee heefjCeece efveefele vener efkeee pee mekee.
Ke) legueve he$e mes mebueive DevegyebOe 18 kes vees eb.9.3 ceW efkees iees GuuesKe kes Devegmeej keg DeeefmleeeW/
oseleeDeesb, meceeMeesOeve kes DeblejeW, Deblej MeeKee KeeleeW/ efmLej DeeefmleeeW kes Deblej MeeKee DeblejCeeW
Deewj efmLej DeeefmleeeW hej cegueeme kes eYeej keer melele meceeOeeve keer eefeee kes keejCe GlheVe nes
mekeves Jeeues meceeeespeveeW kee KeeleeW hej he[ves Jeeuee heefjCeecekeejer eYeeJe efveOee&jCe eesie veneR nw;
ie)
yeQke Dee@@He ceneje^ cetue yeQke ves cenlJehetCe& uesKeebkeve veerefleeeW mes mebyebefOele mecesefkele legueve he$e mes mebueive
Devegmeteer 17 kes heefj.e. 6.1 ceW efkees iees GuuesKe kes Devegmeej Gheefele DeeOeej kes yepeeS vekeoer DeeOeej
hej keceerMeve, uee@kej efkejeee Deeefo mes nesves Jeeueer Deee kes efveOee&jCe keer veerefle Deheveeeer nw pees Yeejleere
meveoer uesKeekeej mebmLeeve eje peejer uesKee ceeveke -9 jepemJe efveOee&jCe kes Deveghe veneR nw.
Subject to our observations above, in our opinion as shown by the books of

the bank, and to the best of our information and according to the explanations
given to us:
nceejs Ghee&ge efvejer#eCe kes DeOeerve nceejer jee ceW nceejer DeefOekelece peevekeejer Deewj nceW eoe
mheerkejCeeW Je mecetn keer yeefneeW ceW oMee&S iees Devegmeej:
i.
ii.
legueve he$e, GmeceW oer ieF& efhheefCeeeW Deewj cenlJehetCe& uesKee veerefleeeW kes efJeJejCe meefnle heefjhetCe& Deewj
mecegefele legueve he$e nw efpemeceW meYeer DeeJeMeke yeewjeW kee meceeJesMe nw Deewj Jen Yeejle ceW meeceeve he
mes mJeerkeee& uesKee efmeebleeW kes Devegmeej Fme {bie mes yeveeee ieee nw efke Gmemes mecetn kes 31 ceee&, 2011
kes JeJenejeW kee mener efe$e meeceves Dee mekes.
ueeYe neefve uesKee Deewj Gme hej keer ieeer efhheefCeeeb leLee cenlJehetCe& uesKee veerefleeeW kee efJeJejCe ueeYe kee
mener Mes<e oMee&lee nw pees KeeleeW eje keJej efkeS ieS Je<e& nsleg Yeejle ceW meeceeve he mes mJeerkeee& uesKeebkeve
kes efmeebleeW kes Deveghe nw Deewj
i.
The balance sheet, read with the notes thereon is a full and fair Balance
Sheet containing all the necessary particulars, is properly drawn up so as to
exhibit a true and fair view of the state of affairs of the Bank as at 31st March,
2011 in conformity with accounting principles generally accepted in India;
ii.
The Profit and Loss Account, read with the notes thereon shows a true
balance of profit, in conformity with the accounting principles generally
accepted in India, for the year covered by the account; and
iii.
The Cash Flow Statement gives a true and fair view of the cash flows for the
year ended on that date.
iii. vekeoer eJeen efJeJejCe Gme efoveebke kees meceehle Je<e& ceW ngS vekeoer eJeen kee mener Je Gefele efe$e emlegle
kejlee nw.
Report on Other Legal & Regulatory Requirements
Deve efJeefOeke Deewj efJeefveeeceke Dehes#eeDeesb hej efjhees&
8.
The Balance Sheet and Profit & Loss Account have been drawn up in Forms
A and B respectively of the Third Schedule to the Banking Regulation Act,
1949.
Subject to the limitation of audit indicated in paragraph 1 to 5 above

and as required by the Banking Companies (Acquisition and Transfer
of Undertakings) Act, 1970/1980, and subject also to the limitations of
disclosure required therein, we report that:
8.
legueve he$e Deewj ueeYe Je neefve Keelee yeQefkebie jsietuesefbie DeefOeefveece 1949 kes leermejs Keb[ kes eceMe:
Hee@ce& De leLee ye kes Devegmeej leweej efkeee ieee nw.
9.
Ghee&ge heefjso 1 Je 8 ceW Fbefiele uesKee hejer#ee keer meerceeDeesb kes DeeOeej hej leLee yeQefkebie kebheefveeeb
(GheeceeW kee DeefOeienCe Je Depe&ve) DeefOeefveece, 1970/1980 eje Dehesef#ele leLee GmeceW Dehesef#ele
ekeerkejCe keer meerceeDeesb kes DeOeerve nce efjhees& kejles nQ efke
ke. nceejer peevekeejer Deewj efJeeeme kes Devegmeej uesKee hejer#ee kes eeespeve kes efuees pees mheerkejCe Je
meteveeSb DeeJeMeke LeeR, Jen nceves eehle keerb Deewj nceves GvnW meblees<epeveke heeee.
Ke. yeQke kes mebJeJenej pees nceejs meeceves DeeS nQ Jen yeQke kes DeefOekeejeW kes Yeerlej nQ.
102
a.
We have obtained all the information and explanation which to the the
best of our knowledge and belief, were necessary for the purposes of
our audit and have found them to be satisfactory.
b.
The transaction of the Bank, which have come to our notice, have been
within the powers of the Bank.
ie.
yeQke kes DeefOekeeefjeeW Je MeeKeeDeesb mes eehle efJeJejefCeeeb nceejs eje uesKee hejer#ee kes eeespeve nsleg
heee&hle heeeer ieF&b.
c.
10. In out opinion, the Balance Sheet - Profit and Loss Account and Cash Flow
Statement comply with the applicable accounting standards.
10. nceejer jee ceW mecesefkele legueve he$e, mecesefkele ueeYe neefve uesKee Je mecesefkele vekeoer eJeen efJeJejCe ueeiet
uesKee ceevekeeW kes Deveghe nQ.
ke=les js Sb[ keb.
For Ray & Co.
SHeDeejSve 305123F&
SHeDeejSve 313124F&
FRN: 305123E
FRN: 313124E
meveoer uesKeekeej
meveoer uesKeekeej
The returns received from the officers and branches of the Bank have
been found adequate for the purpose of our audit.
For Jodh Joshi

And Co
For JCR & Co.
FRN :105270W
meveoer uesKeekeej
FRN: 104317W
meveoer uesKeekeej
(cekejbo peesMeer)
For N.Kumar Chhabra
& Co.
FRN: 006791N
FRN : 000837N
meveoer uesKeekeej
meveoer uesKeekeej
(Sme.kes.eJeefjee)
Yeeieeroej
(megyelee je@e)
(Subrata Roy)
Yeeieeroej
(Makarand Joshi)
Yeeieeroej
Yeeieeroej
Yeeieeroej
Yeeieeroej
(Partner)
(Partner)
(Partner)
(Partner)
(Partner)
(Partner)
meomelee e.008482
meomelee e.051205
meomelee e.047196
meomelee e.129055
meomelee e.080496
meomelee e.084906
(Amit Tanpure)
(veJelespe kegceej)
(Navtej Kumar)
(mebpee pewve)
(Sanjay Jain)
mLeeve : hegCes
Place: Pune
103

31 ceee& 2011 keer efmLeefle kes Devegmeej mecesefkele leguevehe$e
CONSOLIDATED BALANCE SHEET AS ON 31ST MARCH 2011
(` npeej ceW)
(` in thousands)
Devegmeteer

Schedule


(Current Year)

(Previous Year)
hetbpeer Deewj oseleeSb CAPITAL AND LIABILITIES

hetbpeer Capital
1069,71,26
430,52,00
Deejef#eefleeeb Deewj DeefOeMes<e Reserves & Surplus
2914,57,13
2436,83,80
DeuhemebKekeeW kee efnle Minorities Interest
2A
peceejeefMeeeb Deposits
66838,89,69
63294,96,26
GOeeefjeeb Borrowings
3076,56,42
2796,95,33
Deve osveoeefjeeb leLee eeJeOeeve Other Liabilities and Provisions

pees[ Total
2555,08,64
2104,69,22
76454,83,14
71063,96,61
3846,00,41
5315,39,40
Deeefmleeeb ASSETS
vekeoer Deewj Yeejleere efjpeJe& yeQke ceW DeefleMes<e
Cash and Balances with Reserve Bank of India
yeQkeeW ceW DeefleMes<e Deewj ceebie leLee Deuhe metevee hej eehe Oeve
Balances with banks and money at call and short notice
203,35,31
1379,16,39
efveJesMe Investments
22481,05,82
21300,69,50
$e+Ce Deewj Deefece Loans & Advances
46880,76,59
40314,69,68
efmLej Deeefmleeeb Fixed Assets
10
666,80,99
659,55,14
Deve Deeefmleeeb Other Assets
11
2354,48,22
2063,25,02
22,35,80
31,21,48
76454,83,14
14403,32,92
71063,96,61
17625,31,61
2113,23,00
1738,41,44
meceskeve hej Keeefle Goodwill on Consolidation

pees[ Total
meceeefele oeefelJe Contingent liabilities
12
mebenCe kes efueS efyeue Bills for collection

GuuesKeveere uesKee veerefleeeb SJeb uesKeeW hej efhheefCeeeb Significant Accounting Policies & Notes on Accounts
17
Thej GefuueefKele Devegmetefeeeb KeeleeW kee DeefYeVe Debie nQ. The Schedules referred to above form an integral part of the accounts.
S. Sme. Yeeeee&
M.G. SANGHVI
A.S. BHATTACHARYA
EXECUTIVE DIRECTOR
CHAIRMAN & MANAGING DIRECTOR
[e@. [er.Sme. hesue
S.kes. hebef[le
Jeer.heer.Yeejepe
Dr. D.S. PATEL
A.K. PANDIT
Ms. KAMALA RAJAN
V.P.BHARDWAJ
Director
Director
Director
Director
efveosMeke
efveosMeke
efveosMeke
Sme.[er. Oeveke
efveosMeke
Sme.Se.keesese
S.D. DHANAK
S.H. KOCHETA
Dr. S.U. DESHPANDE
Director
Director
Director
efveosMeke
Jeer. megyeceefCeeve
V. SUBRAMANIAN
efveosMeke
efveosMeke
Deej. cegjueerOejve
R. MURALIDHARAN
meneeke ceneeyebOeke, efJe.e. Je uesKee
Ghe ceneeyebOeke, efJe.e. Je uesKee
Asstt General Manager, FM&A
Dy. Gen. Manager, FM&A
kes. Se. JePes
K. H. WAZE
ceneeyebOeke, efJe.e. Je uesKee - I Je efveJesMeke mesJeeSb
S. Sme. yevepeea
A. S. BANERJEE
cegKe ceneeyebOeke
he= 105 hej peejer

Contd. on page 105
104
31 ceee& 2011 kees meceehle Je<e& kee mecesefkele ueeYe Je neefve uesKee
CONOSLIDATED PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31st March 2011
(` npeej ceW)
(` in thousands)
Devegmeteer
Schedule
Deee INCOME
Deefpe&le yeepe SJeb ueeYeebMe Interest and dividend earned
meneeke eefleeveeW ceW neefve/Deee kee DebMe Share of earnings / loss in Associates
Deve Deee Other income
pees[ Total
Jee EXPENDITURE
Jee efkeee ieee yeepe Interest expended
heefjeeueve Jee Operating expenses
eeJeOeeve Deewj DeekeefmcekeleeSb Provisions and contingencies
pees[ Total
DeuhemebKekeeW kes efnle Ieeves kes hetJe& Je<e& kes efueS mecesefkele efveJeue ueeYe/(neefve)
I.
II.
31 ceee& 2011 kees meceehle Je<e&

(eeuet Je<e&)
Year ended 31st March 2011

(Current Year)

(iele Je<e&)
Year ended 31st March 2010
(Previous Year)
5563,08,76
4,27,32
531,83,77
6099,19,85
4735,58,45
591,88,71
5327,47,16
3594,29,59
1645,39,19
524,71,14
5764,39,92
3438,95,88
1073,80,36
375,04,14
4887,80,38
334,79,93
439,66,78
334,79,93
439,66,78
Add: Brought forward consolidated profit/(loss) attributable to the group
286,20,11
129,09,00
pees[ Total
efJeefveeesie APPROPRIATIONS
meebefJeefOeke Deejef#ele kees DeblejCe Transfer to statutory reserves
jepemJe Deejef#eefle kees DeblejCe Transfer to Revenue reserves
Deeekej DeefOeefveece 1961 keer Oeeje 36(1)(viii) kes Debleie&le efJeMes<e Deejef#eefle kees DeblejCe
621,00,04
568,75,78
83,48,92
109,91,68
5,33,93
31,07,87
13
14
15
16
Consolidated Net profit/(loss) for the year before deducting Minorities Interest
IeeSb : DeuhemebKekeeW kes efnle Less: Minorities Interest

Je<e& kes efueS mecetn mes mebyebefOele mecesefkele ueeYe/neefve
Consolidated prot/(loss) for the year attributable to the group
pees[W : mecetn mes mebyebefOele Deeies ueeF& ieF& mecesefkele ueeYe/(neefve)
III.
Transfer to Special Reserve U/s 36(1)(viii) of IT Act 1961
hetbpeer Deejef#eefle kees DeblejCe Transfer to Capital Reserve

emleeefJele ueeYeebMe Proposed Dividend
ueeYeebMe hej kej Tax on Dividend
Mes<e kees mecesefkele leguevehe$e ceW Deeies ues peeee ieee
12,00,00
15,00,00
3,03,97
25,82,38
125,93,18
86,10,40
20,91,57
14,63,34
Balance carried over to consolidated balance sheet
370,28,47
286,20,11
pees[ Total
eefle Mesej Debefkele cetue (`) Face value per share (` )
eefle Mesej Deee (cetue) (` ) Earnings per Share (Basic) (` )
621,00,04
568,75,78
10/-
10/-
6.96
10.21
Thej GefuueefKele Devegmetefeeeb KeeleeW kee DeefYeVe Debie nQ. The Schedules referred to above form an integral part of the accounts.
nceejer meceefoveebefkele mebueive efjhees& kes Devegmeej AS PER OUR REPORT OF EVEN DATE ATTACHED.
ke=les js Sb[ keb.
For Ray & Co.
SHeDeejSve 305123F&
SHeDeejSve 313124F&
FRN: 305123E
FRN: 313124E
meveoer uesKeekeej
meveoer uesKeekeej
For Jodh Joshi

And Co
For JCR & Co.
FRN :105270W
meveoer uesKeekeej
FRN: 104317W
meveoer uesKeekeej
(cekejbo peesMeer)
ke=les Sve. kegceej eye[e Sb[ keb. ke=les [erSmeheer Sb[ SmeesefmeSdme
For N.Kumar Chhabra
& Co.
FRN: 006791N
FRN : 000837N
meveoer uesKeekeej
meveoer uesKeekeej
(Sme.kes.eJeefjee)
Yeeieeroej
(megyelee je@e)
(Subrata Roy)
Yeeieeroej
(Makarand Joshi)
Yeeieeroej
Yeeieeroej
Yeeieeroej
Yeeieeroej
(Partner)
(Partner)
(Partner)
(Partner)
(Partner)
(Partner)
meomelee e.008482
meomelee e.051205
meomelee e.047196
meomelee e.129055
meomelee e.080496
meomelee e.084906
(Amit Tanpure)
(veJelespe kegceej)
(Navtej Kumar)
(mebpee pewve)
(Sanjay Jain)
mLeeve : hegCes
Place: Pune
105

Devegmeteer 1 : hetbpeer
(` npeej ceW)
(` in thousands)
SCHEDULE 1 : CAPITAL

eeefOeke=le hetbpeer Authorised Capital


(Current Year)

(Previous Year)
3000,00,00
3000,00,00
481,71,26
430,52,00
588,00,00
1069,71,26
430,52,00
peejer, DeefYeoe Deewj eoe hetbpeer
Issued, Subscribed & Paid up Capital
ke.
10/- kes 48,17,12,553 FefkeJeer Mesej (43,05,20,000 F&efkeJeer Mesej)
a 48,17,12,553 Equity Shares (43,05,20,000 equity shares) of ` 10/- each
(keW mejkeej eje Oeeefjle ` 10/- kes 38,17,12,553 (33,05,20,000 F&efkeJeer Meseme&) MesejeW meefnle
(includes 38,17,12,553 Equity Shares (33,05,20,000 equity shares)
of ` 10/- each held by Central Government)
Ke.
10,00,000/- kes 5880 kes yesefceeeoer iewj mebeeer DeefOeceeve Mesej Oeeefjle
b 5880 Perpetual Non Cumulative Preference

Shares of ` 10,00,000/- each held
kesv mejkeej eje by Central Government

kegue TOTAL
Devegmeteer 2 : Deejef#eefleeeb Deewj DeefOeMes<e
(` npeej ceW)
(` in thousands)
SCHEDULE 2 : RESERVES & SURPLUS

2010-11
II
III
IV
meebefJeefOeke Deejef#eefleeeb Statutory Reserves

eejbefYeke Mes<e Opening balance
Je<e& kes oewjeve Je=efOo Add: during the year
638,67,92
hetbpeeriele Deejef#eefleeeb Capital Reserves

113,59,83
Mesej eerefceece Share Premium

130,00,00
83,48,92
3,03,97
300,80,74
Deve Deejef#eefleeeb Other Reserves:

(i) jepemJe Deejef#eefleeeb Revenue Reserve
(ii) jepemJe Deejef#eefleeeb Revaluation Reserve
Je<e& kes oewjeve Je=efOo Addition during the year
Je<e& kes oewjeve keceer Deduction during the year
(iii) Deeekej DeefOeefveece 1961 keer Oeeje 36(1)(viii) kes Debleie&le efJeMes<e Deejef#eefle



(Current Year)

(Previous Year)
722,16,84
638,67,92
116,63,80
113,59,83
430,80,74
130,00,00
763,12,73
757,78,80
443,54,55
454,57,14
68,00,00
56,00,00
757,78,80
5,33,93
454,57,14
1,32,88
12,35,47
Special Reserve U/s.36(1)(viii) of IT Act 1961

(iv) ueeYe Je neefve Keeles ceW Mes<e Balance in Prot and Loss Account
Je<e& kes oewjeve Je=efOo (Meg) Add: during the year (net)
pees[ Total
56,00,00
12,00,00
286,20,11
84,08,36
106
370,28,47
286,20,11
2914,57,13
2436,83,80
Devegmeteer 2 ke : DeuhemebKekeeW kee efnle
(` npeej ceW)
(` in thousands)
SCHEDULE 2A : MINORITIES INTEREST



(Current Year)

(Previous Year)
DeefOeenCe kes heeele Deejef#eefleeeW Je DeeefOekeeeW ceW....eefleMele
.% in post acquisition reserves & surplus.

ueeYe Je neefve Keeles ceW Mes<e Balance in profit & loss account
F&efkeJeer (`... kes.... Mesej)

Equity (. Shares of Rs . Each)
DeefOeenCe mes hetJe& kes Deejef#eefleeeW Je DeeefOekeeeW ceW....eefleMele

.% in pre acquisition reserves & surplus.
pees[ Total
Devegmeteer 3 : peceejeefMeeeb
(` npeej ceW)
(` in thousands)
SCHEDULE 3 : DEPOSITS


(Current Year)
ke. I.
ceebie peceejeefMeeeb
A.
Demand Deposits
(i) yeQkeeW mes From banks
Deveesb mes From others

II. yeele yeQke peceejeefMeeeb Savings Bank Deposits
III. ceereeoer peceejeefMeeeb Term Deposits
(i) yeQkeeW mes From banks
(ii) Deveesb mes From others
pees[ Total (I, II SJeb III) (I, II and III)
Ke. (i) Yeejle ceW meneeke kebheefveeeW keer peceejeefMeeeb, efJeosMeer keeee&ueeeW meefnle, eefo keesF& neW
(ii)
B.
Deposits of Subsidiaries in India including foreign offices if any

(ii)
Yeejle kes yeenj keer meneeke kebheefveeeW keer peceejeefMeeeb, efJeosMeer keeee&uee meefnle, eefo keesF& neW
Deposits of Subsidiaries outside India including foreign offices if any
cetue kebheveer keer peceejeefMeeeb Deposits of Parent

pees[ Total (I, II SJeb III) (I, II and III)
ie. (i) cetue kebheveer keer Yeejle ceW peceejeefMeeeb
(iii)
C.
Deposits of Parent in India

(ii)
(iii)
(iv)
(v)
(vi)
Yeejle ceW meneeke kebheefveeeW keer peceejeefMeeeb Deposits of Subsidiaries in India

Yeejle ceW kegue pecee Total deposits in India (i+ii)
cetue kebheveer keer Yeejle mes yeenj peceejeefMeeeb Deposits of parents outside India
meneeke kebheefveeeW keer Yeejle kes yeenj peceejeefMeeeb Deposits of Subsidiaries outside India
Yeejle kes yeenj kegue peceejeefMeeeb Total Deposits outside India (iv+v)
pees[ Total (iii+vi)

(Previous Year)
52,66,31
63,04,58
6545,70,05
20432,65,89
6131,53,41
17164,38,08
110,46,00
39697,41,44
66838,89,69
39936,00,19
63294,96,26
66838,89,69
66838,89,69
66838,89,69
63294,96,26
63294,96,26
63294,96,26
66838,89,69
-
63294,96,26
-
66838,89,69
63294,96,26
Devegmeteer 4 : GOeeefjeeb
(` npeej ceW)
(` in thousands)
Schedule 4 : BORROWINGS

Yeejle ceW GOeeefjeeb Borrowings in India

(i) Yeejleere efj]peJe& yeQke mes Reserve Bank of India
(ii) Deve yeQkeeW mes Other banks
(iii) Deve mebmLeeDeesb Deewj SpeefvmeeeW mes Other institutions and agencies
(iv) Deve oerIee&JeefOe GOeeefjeeb Other long term borrowings.
a) veJeesvces<e yesefceeeoer $e+Ce efueKeleW ( Deeeheer[erDeee) Innovative Perpetual Debt Instruments (IPDI)
b) yee@C[ kes he ceW peejer mebefcee kepe& hetbpeer efueKeleW Hybrid Debts Instruments issued as bonds
c) ieewCe $e+Ce yee@C[ Subordinated Debts Bonds
II. Yeejle kes yeenj GOeeefjeeb Borrowings outside India
pees[ Total (I SJeb II) (I and II)


(Current Year)

(Previous Year)
377,60,59
61,47,40
295,00,00
1250,00,00
955,00,00
198,95,83
3076,56,42
295,00,00
1250,00,00
1122,50,00
67,97,93
2796,95,33
I.
107

(` npeej ceW)
Devegmeteer 5 : Deve oseleeSb Deewj eeJeOeeve
SCHEDULE 5 : OTHER LIABILITIES AND PROVISIONS
(` in thousands)


(Current Year)

(Previous Year)
440,97,38
515,59,74
cetue kebheveer Parent
meneeke kebheveer Subsidiary
60,03,62
49,19,18
I)
ose efyeue Bills payable
II)
Deblej keeee&uee (DebleMee&Kee) meceeeespeve (efveJeue) Inter-office (Inter branch) adjustments (net)
ke. A.
Ke. B.
III)
Deevlej mecetn meceeeespeve (Meg) Intra group adjustments (net)
IV)
V)
Deve (eeJeOeeveeW meefnle) Others (including provisions)

i)
ii)
ceeveke DeeefmleeeW nsleg eeJeOeeve Provision against Standard Assets
191,42,06
153,80,85
Deve oseleeSb (eeJeOeeveeW meefnle) Other liabilities (incl. Provisions)
1862,65,58
1386,09,45
2555,08,64
2104,69,22
pees[ Total
(` npeej ceW)
Devegmeteer 6 : vekeoer Deewj Yeejleere efj]peJe& yeQke ceW DeefOeMes<e
SCHEDULE 6 : CASH AND BALANCES WITH RESERVE BANK OF INDIA
(` in thousands)

I.
neLe ceW vekeoer (FmeceW efJeosMeer kejsvmeer vees meefcceefuele nQ) Cash in hand (including foreign currency notes)
II.
Yeejleere efj]peJe& yeQke ceW DeefOeMes<e Balances with Reserve Bank of India
(i)
eeuet Keeles ceW In Current Account
(ii)
Deve KeeleeW ceW In Other Accounts
pees[ Total (I SJeb II) (I & II)

(Previous Year)
424,91,45
390,10,70
3421,08,96
4925,28,70
3846,00,41
5315,39,40
(` npeej ceW)
Schedule 7 : BALANCES WITH BANKS & MONEY AT CALL & SHORT NOTICE
(` in thousands)



(Current Year)

(Previous Year)
100,70,77
178,17,01
65,18,56
15,18,56
(ke) (a) yeQkeeW kes heeme With banks
200,00,00
(Ke) (b) Deve mebmLeeDeesb kes heeme With other institutions
949,43,92
165,89,33
1342,79,49
Yeejle ceW In India

(i)
yeQkeeW ceW DeefOeMes<e Balances with banks

(ke) (a) eeuet KeeleeW ceW In Current accounts
(Ke) (b) Deve pecee KeeleeW ceW In Other Deposit accounts
(ii)
pees[ Total ( i SJeb ii) ( i & ii)

II.


(Current Year)
Devegmeteer 7 : yeQkeeW ceW DeefOeMes<e Deewj ceebie leLee Deuhe metevee hej eehe Oeve
I.

Yeejle kes yeenj Outside India

(i)
eeuet KeeleeW ceW In Current Account
(ii)
Deve pecee KeeleeW ceW In Other Deposit Accounts
(iii)
pees[ Total ( i, ii SJeb iii) ( i, ii & iii)

kegue pees[ Grand Total ( I SJeb II) ( I & II)
108
37,45,98
36,36,90
37,45,98
36,36,90
203,35,31
1379,16,39
(` npeej ceW)
Devegmeteer 8 : efveJesMe
Schedule 8 : INVESTMENTS
(` in thousands)

I.
efvecveefueefKele ceW Yeejle ceW efveJesMe Investments in India in

(i) mejkeejer eefleYetefleeeb (Kepeevee efyeue Je peerjes ketheve yeeb[eW meefnle)
Government securities (inclusive of Treasury Bills & Zero Coupon Bonds)
(ii)
(iii)
(iv)
(v)
(vi)
(vii)
Deve Devegceesefole eefleYetefleeeb Other approved securities

Meseme& Shares
ef[yeWeme& Deewj yeeB[ Debentures and Bonds
meneesieer eefleeveeW ceW efveJesMe Investment in Associates*
meneeke eefleeveeW Deewj/ee men GeceeW nsleg Subsidiaries &/ or Joint Ventures
Deve Other:
ke) a) et.er.DeeF&./cetegDeue Heb[eW kes etefve Units of UTI / Mutual Funds
Ke) b) pecee eceeCehe$e Certificate of Deposit
ie) c)
JeeefCeefpeke ehe$e Commercial Papers
Ie) d)
heerermeer PTCs
e) e)
DeejDeeF&[erSHe Je Deve RIDF & Others
pees[ Total
II. Yeejle mes yeenj efveJesMe Investments outside India in
(i) mejkeejer eefleYetefleeeB (mLeeveere eeefOekeeefjeeW meefnle) Government securities (including local authorities)
(ii) meneesieer eefleeveeW ceW efveJesMe Investment in Associates
(iii) Deve efveJesMe (mhe kejW) Other investments (to be specified)
pees[ Total
kegue pees[ Grand Total (I SJeb II) (I & II)
Yeejle ceW mekeue efveJesMe Investments in India
efveJesMeeW kee mekeue cetue Gross value of Investments
(ii) cetueeme nsleg eeJeOeeveeW kee pees[ Aggregate of Provisions for Depreciation
(iii) efveJeue efveJesMe Net Investment (i - ii)
efveJesMe kes efJeJejCe Details of Investments:
I. meneesieer eefleeveeW ceW efveJesMe Investments in Associates*
II. Deve efveJesMe Other investments
pees[ Total


(Current Year)

(Previous Year)
18541,40,46
11,23,70
18226,37,94
25,76,50
140,18,99
127,83,61
883,40,80
885,79,20
42,62,29
13,62,29
44,04,97
80,09,26
753,76,53
472,38,33
24,36,62
9,90,29
22,88,43
31,64,79
2017,13,03
1427,27,29
22481,05,82
21300,69,50
22481,05,82
21300,69,50
22604,48,03
21340,39,57
III.
(i)
meneesieer eefleeveeW ceW efveJesMe ceW ` 4,27,32 kee eeuet Je<e& kee ueeYe Meeefceue nw.
* Investment in Associates Include Current Year profit ` 4,27,32
109
123,42,21
39,70,07
22481,05,82
21300,69,50
42,86,48
13,62,29
22438,19,34
21287,07,21
22481,05,82
21300,69,50

(` npeej ceW)
Devegmeteer 9 : Deefiece
Schedule 9 : ADVANCES
(` in thousands)

ke. (i) yeeke=le Je Kejeros ieS efyeue

A.

(Current Year)

(Previous Year)
953,34,63
898,01,99
13011,33,95
10510,43,65
32916,08,01
-
28906,24,04
-
46880,76,59
40314,69,68
34095,70,65
651,58,76
31131,73,73
162,71,49
Bills purchased and discounted

(ii)
vekeo $e+Ce, DeesJej[êHe Deewj ceebie hej eeflemebose $e+Ce

Cash credits, overdrafts and loans repayable on demand
ceereeoer $e+Ce Term loans

(iv) ueerpe eehe Lease Receivables
pees[ Total
Ke. (i) cetle& DeeefmleeeW eje eefleYetle (yener $e+Ce hej DeefieceeW meefnle)
(iii)
B.
Secured by tangible assets (includes advances against book debts)
yeQke/mejkeejer eefleYetefleeeW eje mebjef#ele Covered by Bank/Government Guarantees

(iii) De-mebjef#ele Unsecured
pees[ Total
ie. I. Yeejle ceW Deefiece
(ii)
C.
12133,47,18
9020,24,46
46880,76,59
40314,69,68
(i)
16107,30,09
15898,94,38
(ii)
7891,92,88
5151,29,81
Advances in India
eeLeefcekelee #es$e Priority sector

meeJe&peefveke #es$e Public Sector
(iii) yeQke Banks
(iv) Deve Others
II. Yeejle mes yeenj Deefiece Advances outside India
(i) yeQkeeW mes ose Due from banks
(ii) DeveeW mes ose Due from others
(a) yeeke=le Je Kejeros ieS efyeue Bills purchased & discounted
(b) mebIeere $e+Ce Syndicated Loans
(c) Deve Others
pees[ Total
22881,53,62
19264,45,49
46880,76,59
40314,69,68
(` npeej ceW)
Devegmeteer 10 : efmLej Deeefmleeeb
Schedule 10 : FIXED ASSETS
(` in thousands)

I.
heefjmej Premises
iele Je<e& keer 31 ceee& keer efmLeefle kes Devegmeej ueeiele hej At cost as on 31st March of the preceding year
Je<e& kes oewjeve heefjJeOe&ve Addition during the year
hegvece&tueve kes keejCe heefjJeOe&ve Addition on account of revaluation
Je<e& kes oewjeve keceer Deductions during the year
Deeleve cetue-neme Depreciation to date
I ke. A. efvecee&CeeOeerve heefjmej Premises under construction

II.



(Current Year)

(Previous Year)
631,69,25
10,39,02
1,32,88
(26,74)
(130,90,00)
-
608,92,58
8,24,23
14,73,86
(114,88,33)
-
617,02,73
80,48,58
(20,78,71)
(522,16,02)
560,49,78
76,91,70
(20,53,72)
(474,34,96)
666,80,99
659,55,14
Deve efmLej Deeefmleeeb (FmeceW Heefve&ej Je efHekememe& Meeefceue nQ) Other Fixed Assets (including furniture and fixtures)
ueeiele hej (iele Je<e& keer 31 ceee& keer efmLeefle kes Devegmeej) At cost (as on 31 March of the preceding year)
Je<e& kes oewjeve heefjJeOe&ve Additions during the year
Je<e& kes oewjeve keceer Deductions during the year
Deeleve cetue-neme Depreciation to date
II ke A. ueerpe hej Deeefmleeeb Leased Assets

ueeiele hej (iele Je<e& keer 31 ceee& keer efmLeefle kes Devegmeej) At cost as on 31st March of the preceding Year
meceeeespeve meefnle Je<e& kes oewjeve Je=ef Additions during the year including adjustments
eeJeOeeve meefnle Je<e& kes oewjeve keewefleeeb Deductions during the year including provisions
Deeleve cetueeme Depreciation to date
pees[ Total (I, I ke, II SJeb IIke) (I, IA, II & IIA)
110
(` npeej ceW)
Devegmeteer 11 : Deve Deeefmleeeb
Schedule 11 : OTHER ASSETS
(` in thousands)

I.


(Current Year)

(Previous Year)
314,52,88
584,14,86
Deblej-keeee&uee (Deblej MeeKee) meceeeespeve (efveJeue) Inter-office (Inter-branch) adjustments (net)

ke. a.
cetue Parent
Ke. b.
meneeke eefleeve Subsidiaries
II.
III.
Deefiece he mes meboe kej / eesle hej keee ieee kej
443,56,91
485,27,29
Tax paid in advance/tax deducted at source
467,04,07
441,13,49
IV.
uesKeve meeceieer Deewj mebhe Stationery and stamps
4,67,83
4,60,27
V.
oeJeeW kes efveheeve nsleg Deefpe&le iewj-yeQefkebie Deeefmleeeb

-
278,14,23
Non-banking assets acquired in satisfaction of claims

VI.
DeemLeefiele kej Deeefmleeeb Deferred Tax assets
404,44,54
VII.
Deve Others
720,21,99
269,94,88
2354,48,22
2063,25,02
pees[ Total
(` npeej ceW)
Devegmeteer 12 : Deekeefmceke oeefelJe
Schedule 12 : CONTINGENT LIABILITIES
(` in thousands)

I.
yeQke kes efJe oeJes efpevnW $e+Ce kes he ceW mJeerkeej veneR efkeee ieee nw
Claims against the bank/company not acknowledged as debt
DeebefMeke meboe efveJesMeeW kes efueS oeefelJe Liability for partly paid investments
III. yekeeee Jeeeoe efJeefvecee mebefJeoeDeesb kes yeeyele oeefelJe
II.
Liability on account of outstanding forward exchange contracts*
mebIekeeW keer Deesj mes oer ieeer eefleYetefleeeb Guarantees given on behalf of constituents:
(ke) (a) Yeejle ceW In India
(Ke) (b) Yeejle kes yeenj Outside India
V. mJeerke=efleeeb, he=ebkeve Deewj Deve yeeOeleeSb Acceptances, endorsements and other obligations
VI. Deve ceoW efpevekes efuees mecetn meceeefele he mes Gejoeeer nw


(Current Year)

(Previous Year)
695,99,94
520,21,66
7062,96,07
11544,77,57
4369,13,87
3632,68,31
IV.
Other items for which the group is contingently liable.
pees[ Total
450,40,57
315,62,70
1424,81,93
1212,01,37
400,00,54
400,00,00
14403,32,92
17625,31,61
* Jeeeoe efJeefvecee mebefJeoeDeesb kes meceeefele oeefelJe ceW efyeeer Je Kejero oesveeW ekeej keer mebefJeoeSb Meeefceue nQ.
* Contingent Liabilities in respect of forward exchange contracts include both sale and purchase contracts.
(` npeej ceW)
Devegmeteer 13: Deefpe&le yeepe
Schedule 13 : INTEREST EARNED
(` in thousands)
31 ceee& 2011 kees

meceehle DeJeefOe (eeuet Je<e&)
31 ceee& 2010 kees

Period ended
31st March 2011
(Current Year)
Period ended
31st March 2010
(Previous Year)
I.
DeefieceeW / efyeueeW hej yeepe / yee Interest/discount on advances/bills
4006,13,75
3369,62,60
II.
efveJesMeeW hej yeepe (heefjMeesOeve mes efveJeue) Interest on investments (Net of amortization)
1520,29,62
1297,92,33
III.
Yeejleere efj]peJe& yeQke kes heeme Mes<eeW Deewj Deve Deblej yeQke efveefOeeeW hej yeepe
25,13,20
58,23,17
Interest on balances with RBI and other inter-bank funds

IV.
Deve Others
pees[ Total
111
11,52,19
9,80,35
5563,08,76
4735,58,45

(` npeej ceW)
Devegmeteer 14 : Deve Deee
Schedule 14 : OTHER INCOME
I.
II.
III.
IV.
V.
VI.
(` in thousands)
keceerMeve, efJeefvecee Deewj oueeueer Commission, exchange & brokerage

Yetefce, YeJeve SJeb Deve DeeefmleeeW kes efJeee hej ueeYe Profit on sale of land, buildings & other assets
IeeSb : Yetefce, YeJeve SJeb Deve DeeefmleeeW kes efJeee hej neefve Less: Loss on sale of land, buildings and other assets
efJeefvecee mebJeJenejeW hej ueeYe Profit on exchange transactions
IeeSb : efJeefvecee mebJeJenejeW hej neefve Less: Loss on exchange transactions
efveJesMeeW kes efJeee hej ueeYe Profit on sale of investments
IeeSb : efveJesMeeW kes efJeee hej neefve Less: Loss on sale of investments
ke) a) ueerpe efJee Deee Lease finance income
Ke) b) ueerpe eyebOeve Meguke Lease management fee
ie) c)
Deefleose eYeej Overdue charges
Ie) d)
eehe ueerpe efkejeS hej yeepe Interest on lease rent receivables
efJeefJeOe Deee Miscellaneous income
pees[ Total
31 ceee& 2011 kees

31 ceee& 2010 kees

meceehle DeJeefOe (iele Je<e&)
Period ended
31st March 2011
(Current Year)
Period ended
31st March 2010
(Previous Year)
313,01,46
85,95
(61,69)
31,42,81
(2)
67,60,60
(4,97,33)
124,51,99
531,83,77
264,65,56
67,51
(50,06)
34,84,30
210,55,96
(6,28,07)
87,93,51
591,88,71
(` npeej ceW)
Devegmeteer 15 : Jee efkeee ieee yeepe
Schedule 15 : INTEREST EXPENDED
I.
II.
(` in thousands)
peceejeefMeeeW hej yeepe Interest on deposits

Yeejleere efj]peJe& yeQke /Deblej yeQke GOeeefjeeW hej yeepe
Interest on Reserve Bank of India/ inter-bank borrowings
III.
Deve Others
pees[ Total
31 ceee& 2011 kees

31 ceee& 2010 kees

Period ended
31st March 2011
(Current Year)
Period ended
31st March 2010
(Previous Year)
3282,35,58
3182,71,13
44,37,66
267,56,35
68,05
255,56,70
3594,29,59
3438,95,88
(` npeej ceW)
Devegmeteer 16 : heefjeeueve Jee
Schedule 16 : OPERATING EXPENSES
I.
(` in thousands)
kece&eeefjeeW kees Yegieleeve Deewj Gvekes efuees eeJeOeeve

Payments to and provisions for employees
Yee[e, kej Deewj jesMeveer Rent, taxes and lighting

III. cegCe Deewj uesKeve meeceieer Printing and stationery
IV. efJe%eeheve Deewj eeej Advertisement and publicity
V. (ke) (a) ueerpe hej DeeefmleeeW kes Deefleefje yeQke keer mecheefe hej cetue-neme
II.
Depreciation on banks property other than Leased Assets
(Ke) (b) ueerpe DeeefmleeeW hej cetueeme Depreciation on Leased Assets

VI. efveosMekeeW keer Heerme, Yees Deewj Jee Directors fees, allowances and expenses
VII. uesKee hejer#ekeeW keer Heerme Deewj Jee (FmeceW MeeKee uesKee hejer#ekeeW keer Heerme Deewj Jee Meeefceue nQ)
Auditors fees and expenses (including branch auditors fees and expenses)
VIII. efJeefOe
eYeej Law charges

IX. [eke, leej Deewj sueerHeesve Deeefo Postage, telegrams, telephones, etc.
X. cejccele Deewj Devegj#eCe Repairs and maintenance
XI. yeercee Insurance
XII. Keeefle kee heefjMeesOeve, eefo nw Amortisation of Goodwill, if any
XIII. Deve Jee Other expenditure
pees[ Total
112
31 ceee& 2011 kees

31 ceee& 2010 kees

Period ended
31st March 2011
(Current Year)
Period ended
31st March 2010
(Previous Year)
1158,19,84
656,32,04
98,95,22
93,87,13
14,09,17
13,25,75
18,76,81
14,03,14
67,86,03
75,09,54
76,36
88,91
14,18,72
11,82,65
5,34,36
5,09,55
20,47,66
14,66,39
30,38,48
22,76,30
65,86,74
56,92,95
150,49,80
109,06,01
1645,39,19
1073,80,36
SCHEDULE-17
Devegmeteer 17
ACCOUNTING POLICIES AND NOTES ON ACCOUNTS
cenlJehetCe& uesKee veerefleeeb Deewj KeeleeW hej efhheefCeeeB
(ANNEXED TO AND FORMING PART OF THE CONSOLIDATED

ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2011.)
(31 ceee&, 2011 kees meceehle nges Je<e& kes efueS mecesefkele uesKeeW kes meeLe mebueive Deewj
Gmekee Deblejbie Yeeie)
(keeske ceW efoS ieS Deebke[s efheues Je<e& kes nQ)
(Figures in bracket relate to previous year)

SIGNIFICANT ACCOUNTING POLICIES
cenlJehetCe& uesKee veerefleeeb :
1.
Accounting Conventions:
1.
1.1
The financial statements are prepared under the historical cost conventions
except as otherwise stated.
uesKee eLeeSb
1.1 Ssmes mLeeveeW kees es[kej peneb DeveLee GuuesKe nes mebueive efJeeere efJeJejCe hetJe& ueeiele eLeeDeesb kes
Devegmeej leweej efkeS ieS nQ.
1.2 Yeejleere meveoer uesKeekeej mebmLeeve eje peejer uesKee ceeveke 21 - mecesefkele efJeeere efJeJejCe
Deewj uesKee ceeveke 23- mecesefkele efJeeere efJeJejCeeW ceW meneeke eefleeveeW ceW efveJesMe nsleg uesKeebkeve
kes Devegmeej mecesefkele efJeeere efJeJejCe leweej efkees iees nQ.
1.3 Ssmes mLeeveeW kees es[kej peneb DeveLee GuuesKe nes jepemJe Deewj ueeiele kees Gheee DeeOeej hej
uesKeeyeOo efkeee ieee nw.
1.4 jepemJe DeefYeefveOee&jCe, efveJesMeeW Je DeefieceeW mes mebyebefOele uesKee veerefleeeb Yeejleere efj]peJe& yeQke eje
mecee-mecee hej efveOee&efjle efJeJeskehetCe& uesKee ceeveob[eW kes Devegmeej nQ.
1.5 meneeke Deewj meneesieer eefleeve kes efJeeere efJeJejCe 31 ceee& 2011 kes yeveees iees nQ.
2.
meceskeve kes efmeOoevle
1.2. The Consolidated Financial Statements have been prepared in accordance

with Accounting Standard 21 Consolidated Financial Statements and
Accounting Standard 23 Accounting for investments in Associate in
Consolidated Financial Statements, issued by The Institute of Chartered
Accountants of India.
1.3
Revenue and costs are accounted for on accrual basis except as otherwise
stated.
1.4
The accounting policies with regard to Revenue Recognition, Investments

and Advances are in conformity with the prudential norms issued by the
Reserve Bank of India from time to time.
1.5. The financial statements of the Subsidiary and Associate are drawn up to
31st March 2011.
2.
A)
ke) mebyeb FkeeF& :
osMe / DeeJeeme
mebyebOe
mJeeefcelJe efnle
Yeejle
meneeke
100%
Name of the company

The Maharashtra
Executors & Trustee Co. Pvt.
Ltd. (METCO)
osMe / DeeJeeme
mebyebOe
Yeejle
eeeespeke yeQke
Country /
Residence
Relationship
Ownership
Interest
India
Subsidiary
100%
The following Associate Company has been accounted for under the Equity
Method as per Accounting Standard 23 Accounting for investments in
Associates in consolidated financial statements
uesKee ceeveke 23 mecesefkele efJeeere efJeJejCeeW ceW meneeke eefleeveeW ceW efveJesMe nsleg uesKeebkeve' kes
Devegmeej FefkeJeer heOoefle mes efvecveefueefKele meneeke eefleeve kee uesKeebkeve efkeee ieee nw.
kebheveer kee veece
ceneje^ ieeceerCe yeQke
Related Entity:
The following subsidiary has been consolidated as per Accounting Standard
21 Consolidated Financial Statement.
uesKee ceeveke 21 - mecesefkele efJeeere efJeJejCe kes Devegmeej efvecveefueefKele meneeke eefleeve kees
meceskeve ceW Meeefceue efkeee ieee nw.
kebheveer kee veece
efo ceneje^ Sefke]pekeetme& SC[
^mer keb.ee. (ceskees)
Principles of Consolidation:
Name of the company
mJeeefcelJe efnle
Country /
Residence
Relationship
Ownership
Interest
India
Sponsored
Bank
35%
35%
Maharashtra Gramin Bank
Yeejle mejkeej eje peejer efoveebke 20.07.2009 keer DeefOemetevee kes Devegmeej yeQke Dee@@He ceneje^
eje ceneje^ ceW eeeesefpele ceje"Jee[e ieeceerCe yeQke Deewj ceneje^ ieesoeJejer ieeceerCe yeQke
kees Deeheme ceW efceueekej Ske #es$eere eeceerCe yeQke ceneje^ ieeceerCe yeQke kee ie"ve efkeee ieee nw
efpemekee cegKeeuee veebos[ ceW nw.
As per the Government of India, notification dt.20.07.2009, Marathwada

Gramin Bank and Maharashtra Godavari Gramin Bank sponsored by Bank
of Maharashtra in the State of Maharashtra are amalgamated into a single
Regional Rural Bank which is Maharashtra Gramin Bank with its Head
Office at Nanded
Ke) mecesefkele efJeeere efJeJejCe leweej kejves kee DeeOeej Deewj Gmekee eYeeJe
yeQke Deewj Gmekes meneeke eefleeve kes mecesefkele efJeeere efJeJejCeeW kees Debeleje-mecetn DeefleMes<eeW
/ mebJeJenejeW kees hetCe& he mes meceehle kejles ngS, DeeefmleeeW, oeefelJeeW, Deee Deewj Keex Fleeefo
pewmeer ceoeW kes yener cetue kees ueeFve-oj-ueeFve DeeOeej hej pees[ kej mecesefkele efkeee ieee nw Deewj
meneeke eefleeve ceW yeQke kes efveJesMe DeeefOekee kees meceskeve kes yeeo hetbpeer Deejef#eefleeeW ceW Meeefceue
kej efoee ieee nw.
B)
Basis of Preparing Consolidated Financial Statement & its impact

The Consolidated financial statements of the Bank & its subsidiary have
been combined on a line-by-line basis by adding together the book values
of assets, liabilities, income & expenses, after fully eliminating intra-group
balances/transactions & the excess over Banks investment in subsidiary is
taken as Capital Reserve after consolidation.
yeQke Deewj Gmekes meneeke eefleeve kes mecesefkele efJeeere efJeJejCeeW kees F&efkeJeer heOoefle DeeOeej hej
Ske$e efkeee ieee nw. meneeke eefleeve ceW jKeeJe ueeiele kes DeeefOekee kees efJeeere efJeJejCeeW ceW
Keeefle ceevee ieee nw.
The Consolidated financial statements of the Bank & its associate have
been combined on Equity Method basis. The excess of carrying cost of
Banks investment in Associate is recognized in the financial statements as
goodwill.
peneb keneR DeeJeMeke nw Jeneb, meneeke eefleeve kes efJeeere efJeJejCeeW kees cetue yeQke kes meeLe
hegve:mecetnyeOo efkeee ieee nw.
The financial statement of the Subsidiary has been regrouped with that of
the parent Bank, wherever necessary.
meneeke eefleeve ves keeflehee ceeceueeW ceW meceeve heefjefmLeefleeeb Deewj meceeve JeJenejeW kes efueS yeQke
eje DeheveeF& ieF& heOoefle mes Deueie heOoefle kees Deheveeee nw. mecesefkele efJeeere efJeJejCe yeveeles mecee
peye Fvekee Gheeesie efkeee ieee leye meneeke eefleeve kes efJeeere efJeJejCeeW ceW keesF& meceeeespeve
The subsidiary has used accounting policies other than those adopted by
the Bank in certain cases for like transactions & events in similar
circumstances. No adjustments have been made to the financial statements
113

veneR efkeee ieee nw. leLeeefhe mecesefkele efJeeere efJeJejCeeW keer ceo kes Jes Yeeie, peneb meneeke eefleeve
eje Deueie uesKeebkeve veerefleeeW kee Gheeesie efkeee ieee nw, ceecetueer nQ.
3.
efJeosMeer cege mebJeJenej
3.1 efJeosMeer cege mebJeJenejeW kees Yeejleere efJeosMeer cege Jeeheejer mebIe eje efheues mehleen kes efueS
ekeeefMele meehleeefnke Deewmele Debeflece ojeW hej efveOee&efjle efkeee ieee nw. leguevehe$e kes efoveebke kees
efJeosMeer cege DeeefmleeeW Deewj oseleeDeesb kee hegvece&tueve efJeosMeer cege Jeeheejer mebIe eje ekeeefMele
Debeflece ojeW hej efkeee ieee nw, Deewj heefjCeecemJehe eehle ueeYe / neefve kees ueeYe Je neefve Keeles ceW
uesKeeye efkeee ieee nw.
3.2 yekeeee Jeeeoe SkemeeWpe mebefJeoeDeesb kees mebefJeoelceke ojeW hej oMee&ee ieee nw Deewj efJeefMe
heefjhekeJelee DeJeefOeeeW kes efueS Hes[eF& eje ekeeefMele efJeefvecee ojeW hej legueve he$e keer efoveebke hej
hegvecetueebefkele efkeee ieee nw heefjCeecemJehe eehle ueeYe/neefve kees ueeYe neefve Keeles ceW Yeejleere
efjpeJe& yeQke / Hes[eF& efoMeeefveoxMeeW kes Devegmeej uesKeeye efkeee ieee nw.
3.3 efJeosMeer cege ceW peejer ieejbefeeW Deewj meeKe he$eesb kes keejCe GlheVe meceeefele oseleeDeeW kees Hes[eF&
eje ekeeefMele meceehle efJeefvecee ojeW hej leguevehe$e ceW oMee&ee ieee nw.
4.
3.
Foreign Exchange Transactions:
3.1
The foreign currency transactions are translated at the weekly average

closing rates for the preceding week as published by Foreign Exchange
Dealers Association of India (FEDAI). Revaluation of foreign currency
assets and liabilities as on Balance Sheet date is done at the closing
exchange rate published by FEDAI and the resultant profit/loss is accounted
for in the Profit & Loss Account.
3.2
Outstanding Forward Exchange Contracts are stated at contracted rates

and revalued as on Balance Sheet Date at the exchange rates published
by FEDAI for specified maturities. The resulting profit/loss is recognized in
the Profit & Loss Account in accordance with R.B.I. / FEDAI Guidelines.
3.3
Contingent Liabilities on account of Guarantees and Letters of Credit

issued in foreign currency are stated in the Balance Sheet at the closing
exchange rates published by FEDAI.
4.
Investments:
efveJesMe
Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej efveJesMeeW kee Jeieer&kejCe SJeb cetueve efvecveevegmeej
efkeee ieee nw :
i.
of the subsidiary, when they are used in preparing the consolidated

financial statements. However, the proportion of the items in the
consolidated financial statements to which the different accounting policies
are applied by the subsidiary is insignificant.
meebefJeefOeke eueefveefOe Devegheele Deewj iewj-meebefJeefOeke eueefveefOe Devegheele eefleYetefleeeW (Mesej, ef[yeWej
yeeb[ heejmheefjke efveefOeeeW kes etefve, meer heer Je meer [er Fleeefo) ceW efveJesMe efvecveebefkele esefCeeeW ceW
Jeieer&ke=le efkeS ieS nQ.
As per Reserve Bank of India guidelines, the investments are classified

and valued as under:
i.
(ke). heefjhekeJelee leke Oeeefjle

(Ke). efyeeer kes efueS GheueyOe
(ie). Jeeheej kes efueS Oeeefjle
ii.
meYeer eefleYetefleeeb efvecveebefkele n esefCeeeW ceW Jeieer&ke=le keer ieF& nQ :
ii.
Investments in SLR and non-SLR securities (Shares, Debentures, Bonds,

Units of MF, CP, CD, etc.) are classified in following categories:
a.
Held to maturity
b.
Available for sale
c.
Held for trading
All the securities are classified in the following six classifications:
(ke). mejkeejer eefleYetefleeeb
a.
Government Securities
(Ke). Deve Devegceesefole eefleYetefleeeb
b.
Other approved securities
c.
Shares
(ie). Meseme&
(Ie). ef[yeWej leLee yeeb[
(*). meneeke kebheefveeeb leLee mebege Gece
(e). Deve (JeeefCeefpeke ehe$e, heejmheefjke efveefOe etefve, Deej F& [er SHe Fleeefo)
iii.
yeQke DeefOeienCe kes mecee eleske efveJesMe keer esCeer kee efveOee&jCe kejlee nw Deewj leovegmeej Gvekee
Jeieer&kejCe kejlee nw. DeblejCe keer efoveebke hej DeefOeienCe ueeiele / yener cetue / yeepeej cetue leerveeW
ceW mes pees cetue kece nes Gme hej efveJesMeeW kee DeblejCe Ske mebJeie& mes otmejs mebJeie& ceW efveosMeke ceb[ue kes
Devegceesove mes Je<e& ceW Ske yeej efkeee peelee nw. Ssmes DeblejCe kes keejCe eefo keesF& cetueeme hewoe neslee
nw lees Gmekee eeJeOeeve efkeee peelee nw Deewj eefleYetefleeeW kee yener cetue yeoue efoee peelee nw.
iv.
efveJesMeeW kee cetueve :
ke.
heefjhekeJelee leke Oeeefjle :
i)
heefjhekeJelee leke Oeeefjle eefleYetefleeeW kee cetueve ueeiele hej efkeee ieee nw. peneb keneR ueeiele,
Debefkele cetue mes DeefOeke nw Jeneb efeefceece Deefleefje DeefOeienCe ueeiele, eefo keesF& nes, kee
heefjMeesOeve heefjhekeJelee keer Mes<e DeJeefOe ceW efkeee ieee nw.
ii)
heefjhekeJelee leke Oeeefjle esCeer kes Debleie&le Deve efveJesMeeW kes ceeceues ceW peneb ueeiele cetue, Debefkele
cetue mes kece nw, Deblej hej Oeeve veneR efoee ieee nw. meneeke eefleeveeW Deewj mebege GeceeW ceW
efveJesMeeW kes ceeceues ceW cetueeW ceW DeeF& mLeeeer keceer kees DeefYeefveOee&efjle leLee eeJeOeeve efkeee ieee nw.
#es$eere ieeceerCe yeQke ceW efveJesMeeW kees jKeeJe ueeiele hej cetueebefkele efkeee ieee nw.
iii)
Fme esCeer ceW efveJesMe kes efJeee hej (ke) ueeYe henues ueeYe neefve uesKes ceW uesKeeyeOo efkeee ieee
Deewj Gmekes yeeo Gmes kej Deewj meebefJeefOeke Deejef#eefle mes efveJeue kejkes Deejef#ele hetbpeer Keeles ceW
efJeefveeesefpele efkeee ieee leLee (Ke) efveJeue neefve kees ueeYe Je neefve Keeles ceW eYeeefjle efkeee
ieee nw.
114
d.
Debentures and bonds
e.
Subsidiaries and Joint Ventures
f.
Others (Commercial Papers, Mutual Fund Units, RIDF etc).
iii.
Bank decides the category of each investment at the time of acquisition

and classifies the same accordingly. Shifting of securities from one category
to another is done once in a year with the approval of Board of Directors at
the least of acquisition cost / book value / market value on the date of
shifting. The depreciation, if any, on such shifting is provided for and the
book value of the security is changed accordingly.
iv.
Valuation of investments:
a.
Held to Maturity:
i)
Securities under the category Held to Maturity are valued at cost.

Wherever the cost is higher than the face value, the premium is
amortized over the remaining period of maturity.
ii)
In case of other investments under Held to Maturity category, where

the cost price is less than the face value, the difference is ignored. In
case of investments in subsidiaries and joint ventures permanent
diminution in value is recognized and provided for. Investment in
RRBs is valued at carrying cost.
iii)
On sale of investments in this category (a) the net profit is initially

taken to profit and loss account and thereafter net of applicable
taxes and statutory reserve is appropriated to the Capital Reserve
account and (b) the net loss is charged to the profit and loss
account.
b.
Ke. efyeeer nsleg GheueyOe :
The individual securities under this category are marked to market. Central
Government securities are valued at market rates declared by Fixed
Income Money Market and Derivatives Association of India [FIMMDA].
State Government securities, other approved securities, Debentures and
Bonds are valued as per the yield curve, average credit spread rating and
methodology suggested by FIMMDA. Quoted Shares are valued at market
rates. Unquoted shares are valued at book value ascertained from the
latest available Balance Sheet and in case the latest Balance Sheet is not
available, the same is valued at `.1/- per company.
Fme esCeer kes Debleie&le Jeweefeke eefleYetefleeeW kees ceeke&-t-ceekex efkeee ieee nw. keW mejkeej keer
eefleYetefleeeW kee cetueve efveele Deee cege yeepeej SJeb Yeejleere JeglheVe mebIe (efHece[e) eje Ieesef<ele
yeepeej cetueeW hej efkeee ieee nw. jepe mejkeej keer eefleYetefleeeW, Deve Devegceesefole eefleYetefleeeW,
ef[yeWej SJeb yeeb[ kee cetueve eefleHeue, Deewmele $e+Ce emeej jsefbie Deewj efHece[e eje megPeeS ieS
heOoefle mes efkeee ieee nw. G=le MesejeW kee cetueve yeepeej oj mes efkeee ieee nw. Deveg=le MesejeW
kee cetueve veJeervelece GheueyOe leguevehe$e mes eehle yener cetue mes efkeee ieee nw leLee eefo veJeervelece
leguevehe$e GheueyOe veneR nw lees Mesej kee cetueve ` 1 eefle kebheveer efkeee ieee nw.
Kepeevee efyeueeW Deewj JeeefCeefpeke ehe$eesb kee cetueve jKeeJe ueeiele hej efkeee ieee nw.
heejmheefjke efveefOeeeW keer efueKeleeW kee cetueve eceMe: yeepeej cetue hej DeLeJee Gvekeer
GheueyOelee kes DeeOeej hej hegveKe&jero cetue ee efveJeue Deeefmle cetue hej efkeee ieee nw.
Treasury bills and commercial papers are valued at carrying cost.

Mutual Fund Instruments are valued at market rate or repurchase
price or net asset value in that order depending on their availability.
Based on the above valuation under each of six-sub classifications

under Available for Sale:-
i.
If the figure results in appreciation, the same is ignored.
ii.
peneB Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej DeeJeMeke nes, JeneB es[kej
hegvece&tueve kes yeeo eefleYetefleeeW kes yener cetue kees yeouee veneR ieee nw.
If the figure results in depreciation, the same is charged to Profit &

Loss account.
iii.
The book value of securities is not changed after revaluation except

as required by the RBI guidelines.
Fme esCeer ceW efveJesMe kes efJeee hej ueeYe ee neefve kees ueeYe leLee neefve Keeles ceW uesKeeyeOo
efkeee ieee nw.
iv.
Profit or Loss on sale of investment in this category is accounted for

in the Profit and loss account.
efyeeer nsleg GheueyOe kes Debleie&le eleske Ghe-esCeer kes Ghee&ge cetueve kes DeeOeej hej:
i.
eefo Deebke[esb kee heefjCeece DeefOecetueve nw lees Fmes Ghesef#ele efkeee ieee nw.
ii.
eefo Deebke[esb kee heefjCeece cetueeme nw lees Gmes ueeYe Je neefve Keeles kees eYeeefjle efkeee
ieee nw.
iii.
iv.
Available for Sale:
ie.
Jeeheej nsleg Oeeefjle :
i.
Fme esCeer kes Debleie&le Jeweefeke efmehe kees cetue ueeiele hej Oeeefjle efkeee ieee nw. Fvekee cetueve
ceeefmeke Deblej mes yeepeej ojeW hej DeLeJee efHece[e eje Ieesef<ele keerceleeW kes Devegmeej efkeee ieee nw.
Fme esCeer kes Debleie&le eleske Jeieer&kejCe kes mebyebOe ceW efveJeue cetueeme, eefo keesF& nes, kees jepemJe
hej eYeeefjle efkeee ieee nw Deewj efveJeue DeefOecetueve, eefo keesF& nes, hej Oeeve veneR efoee ieee
nw. Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej peneb DeeJeMeke Lee Gmes es[kej hegvece&tueve
kes yeeo eefleYetefle kee yener cetue veneR yeouee ieee nw.
ii.
Fme esCeer ceW efveJesMe efJeee hej ueeYe ee neefve kees ueeYe Je neefve Keeles ceW uesKeeyeOo efkeee ieee
nw.
Ie.
Devepe&ke efveJesMeeW kees DeefYeefveOee&efjle efkeee ieee Deewj Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW
kes Devegmeej cetueeme / eeJeOeeve efkeee ieee nw.
d.
The non-performing investments are identified and depreciation/ provision

is made as per RBI guidelines.
[.
eefleYetefleeeW kes Depe&ve kes mecee (FefkeJeer / DeefOeceeve MesejeW kees es[kej, peneb FvnW DeefOeienCe
keer ueeiele ceevee ieee nw) Gheefele ueeieleeW eLee oueeueer, Heerme Fleeefo kees Jee ceevee ieee nw.
e.
Costs such as brokerage, fees etc. incurred at the time of acquisition of

securities (except equity / preference shares, where it is treated as cost of
acquisition) are recognized as expenses.
e.
yeepe oj mJewhe :
f.
Interest Rate Swaps:
c.
Held for Trading:

(i)
The individual scrips under this category are held at original cost. The
same is valued at monthly intervals at market rates or as per the
prices declared by FIMMDA and in respect of each classification
under this category, net depreciation if any, is charged to profit and
loss account and net appreciation, if any is ignored. The book value
of the securities is not changed after revaluation except as required
by the RBI guidelines.
(ii)
Profit or loss on sale of investment in this category is accounted for

in the Profit and Loss account.
1)
cetueve :
(i)
Valuation:
ke)
nsefpebie mJewhe : nsefpebie DeeefmleeeW Deewj oseleeDeesb kes efueS yeepe oj mJewhe ceeke& t ceekex
veneR nw.
(a)
Hedging Swaps: Interest Rate Swaps for hedging assets and

liabilities are not marked to market.
(b)
Trading Swaps: Interest Rate Swaps for trading purpose are marked
to market.
(ii)
Accounting of income on derivative deals:
(a)
Hedging Swaps: Income is accounted for on realization basis.

Expenditure, if any, is accounted for on accrual basis, if
ascertainable.
(b)
Trading Swaps: Income or expenditure is accounted for on realization

basis on settlement date.
Ke) ^sef[bie mJewhe : ^sef[bie GsMe mes yeepe oj mJewhe ceeke& t ceekex nw.
2)
[sefjJesefJe meewoeW hej Deee kee uesKeebkeve:
ke)
nsefpebie mJewhe :Jemetueer kes DeeOeej hej Deee kee uesKeebkeve efkeee ieee. Jee eefo keesF& nw,
kees Gheee DeeOeej hej, eefo efveese nw, uesKeeye efkeee ieee.
Ke) ^sef[bie mJewhe : Deee ee Jee kees efveheeve kes efoveebke hej Jemetueer kes DeeOeej hej uesKeeyeOo
efkeee ieee nw.
iii)
mJewhe efvejmeve hej ueeYe ee neefve kee uesKee
(iii)
Accounting of gain or loss on termination of swaps:
ke)
nsefpebie mJewhe : efvejmle ngS mJewhe hej efkemeer Yeer ueeYe ee neefve kees (ke)mJewhe keer Mes<e yeeer
mebefJeoelceke DeJeefOe ee (Ke)Deeefmle / oselee keer Mes<e DeJeefOe ceW mes pees DeJeefOe kece nes, kes
efueS DeefYeefveOee&efjle efkeee ieee nw.
(a)
Hedging Swaps: Any gain or loss on the terminated swap is

recognized over the shorter of (a) the remaining contractual life of the
swap or (b) the remaining life of the asset/ liability.
Ke) ^sef[bie mJewhe : mJewhe efvejmeve hej efkemeer Yeer ueeYe ee neefve kees efvejmeve kes Je<e& ceW ner neefve
ee ueeYe kes he ceW DeefYeefveOee&efjle efkeee ieee nw.
(b)
Trading Swaps: Any gain or loss on terminated swap is recognized

as income or expenses in the year of termination.
115

5.
5.
Deefiece :
5.1
Advances shown in the Balance Sheet are net of write offs, provisions
made for non-performing assets, claims settled with the credit
guarantee institutions and rediscounts.
5.2
5.3 ceeveke DeeefmleeeW kes efueS eeJeOeeve kees Deve oseleeSb Je eeJeOeeve Meer<e& kes Devleie&le oMee&ee
ieee nw.
Classification of advances and provisions are made in accordance

with the prudential norms prescribed by Reserve Bank of India from
time to time except in case of secured sub standard assets, the Bank
has made provision @15% instead of @10% as per IRAC norms
issued by RBI.
5.3
Provisions for standard assets is shown under the head Other

Liabilities and Provisions
5.4 Devepe&ke DeeefmleeeW ceW ngF& Jemetueer kees henues cetueOeve Deewj Gmekes yeeo yeepe ceW meceeeesefpele
efkeee peelee nw.
5.4
Recoveries in the non performing Assets are appropriated first

towards principal and thereafter towards interest.
5.1 leguevehe$e ceW oMee&S ieS Deefiece yes Keeles efueKes, Devepe&ke DeeefmleeeW nsleg efkeS ieS eeJeOeeveeW,
$e+Ce ieejber mebmLeeveeW kes meeLe efveheeS ieS oeJeeW Deewj hegveYeepeve mes efveJeue nQ.
5.2 eeJeOeeveeW Deewj DeefieceeW kee Jeieer&kejCe Yee.efj.yeQke eje mecee-mecee hej efJeefveefo&
efJeJeskehetCe& ceeveob[eW kes Devegmeej efkeee ieee nw, leLee jef#ele DeJeceeveke DeeefmleeeW kes efueS
Yee.efj.yeQke eje peejer DeeeDeejSmeer ceeveob[eW kes Devegmeej 10% keer oj kes mLeeve hej
yeQke ves 15% keer oj mes eeJeOeeve efkeee nw.
6.
Advances:
6.
efmLej Deeefmleeeb SJeb cetueeme:

6.1 heefjmejeW SJeb Deve efmLej DeeefmleeeW kees ueeiele hej uesKeeyeOo efkeee ieee nw, keeflehee
heefjmejeW kees es[kej efpevekee hegvece&tueve efkeee ieee nw leLee hegvece&tueebefkele jeefMe hej
GuuesKe efkeee ieee nw.
Fixed Assets and Depreciation:

6.1
Premises and other Fixed Assets are accounted for at cost except
certain premises, which are revalued and stated at revalued
amount.
6.2
Depreciation is provided for on the diminishing balance method at the

rates specified in schedule XIV to the Companies Act, 1956 on fixed
assets except for:-
6.2 efvecveebefkele kees es[kej efmLej DeeefmleeeW hej cetueeme kee eeJeOeeve, emeceeve Mes<e heOoefle
mes kebheveer DeefOeefveece, 1956 keer Devegmeteer 14 ceW DevegyeOo ojeW hej efueee ieee nw.
ke)
kebhetjeW hej cetueeme mejue jsKee heOoefle mes 33.33% keer oj hej efkeee ieee
nw leeefke Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej Deeefmle kee cetueeefmele
cetue leerve Je<ees ceW 1 ` jn peeS. kechetjeW ceW meeHeJesDej, etheerSme Deewj SerSce
Yeer Meeefceue nQ.
Ke)
` 5,000/-
ee kece keer cetue ueeiele Jeeueer efmLej DeeefmleeeW hej cetueeme Kejeroer
Je<e& kes oewjeve 100 eefleMele kejves kes mLeeve hej ueeiet ojeW hej efkeee ieee.
ie)
Je<e& kes oewjeve Kejeroer ieF& DeeefmleeeW kes mebyebOe ceW cetueeme hetjs Je<e& kes efueS efkeee
ieee. Je<e& kes oewjeve ve ngF& / yeseer ieF& mebheefeeeW hej cetueeme veneR efkeee ieee nw.
6.3 hegvece&tueve mes mebyebefOele cetueeme kees hegvece&tueve Deejef#ele efveefOe ceW meceeeesefpele efkeee
ieee.
6.4 hesJeeueer Yetefce kee heefjMeesOeve hee DeJeefOe ceW efkeee peelee nw.
meneeke eefleeve kes ceeceues ceW :
On computers, depreciation is provided at the rate of 33.33% on

Straight Line Method so as to write down the asset value in
three years to Rupee one as per Reserve Bank of India
guidelines. Computers include software, ATM and UPS also.
b.
On Fixed Assets having original cost below ` 5,000/-,

depreciation is provided for at applicable rates instead of
providing 100% depreciation in the year of purchase.
c.
Depreciation is provided for full year in respect of assets

purchased during the year. No depreciation is provided on
assets sold/discarded during the year.
6.3
Depreciation relating to revaluation is adjusted against the Revaluation

Reserve.
6.4
Leasehold land is amortized over the period of lease.
In case of the subsidiary:

6.5
6.5 ceskees kes ceeceues ceW, efmLej DeeefmleeeW kee cetueve ueeiele ceW mes cetueeme kece kej kes
efkeee ieee nw. efmLej DeeefmleeeW hej cetueeme kebheveer DeefOeefveece 1956 keer Devegmeteer 14
ceW efveOee&efjle ojeW kes DeeOeej hej emeceeve Mes<e heOoefle mes ueieeee ieee nw.
7.
a.
jepemJe DeefYeefveOee&jCe :
7.
In the case of METCO, the fixed assets are valued at cost less
depreciation. The depreciation on fixed assets has been charged on
WDV basis at the rates prescribed under Schedule XIV of the
Companies Act, 1956.
Revenue Recognition
7.1
All revenues and costs are accounted for on accrual basis except the
following items, which are accounted for on cash basis:-
a.
Interest on Advances and Investments identified as Non-Performing

Assets according to the prudential norms issued by Reserve Bank of
India, from time to time.
b.
Income from commission viz on Guarantees, Letter of Credit,

Government business, Bancassuarance, Mutual Fund business and
Locker Rent.
Kejeros ieS leLee Yeebefpele efyeueeW hej Deefleose DeJeefOe kes efueS yeepe.
c.
Interest for overdue period on bills purchased and bills discounted.
Ie
yeercee oeJes.
d.
Insurance claims.
*.
ef[yeWej veemeer JeJemeee hej heeefjeefceke.
e.
Remuneration on Debenture Trustee Business.
e.
emebmkejCe Heerme.
7.1
efvecveebefkele ceoeW kees es[kej, efpevnW vekeoer DeeOeej hej uesKeeyeOo efkeee ieee nw, mecemle
jepemJe leLee ueeieleeW kees Gheee DeeOeej hej uesKeeyeOo efkeee ieee nw.
ke.
Yeejleere efj]peJe& yeQke eje mecee-mecee hej peejer efJeJeskehetCe& ceeveob[eW kes Devegmeej Devepe&ke
Deeefmle kes he ceW DeefYeefveOee&efjle DeefieceeW SJeb efveJesMeeW hej yeepe.
Ke.
keceerMeve DeLee&le ieejbefeeW, meeKe he$eesb, mejkeejer JeJemeee, yeQke SMeesjWme, uee@kej
efkejeee, cegegDeue Heb[ JeJemeee mes Deee.
ie.
Jeeheejer yeQefkebie heefjeeueveeW leLee neceeroejer keceerMeve mes Deee.
116
f.
Processing Fees.
g.
Income from Merchant Banking Operations and Underwriting

Commission.
7.2 Deeekej efjHeC[ hej yeepe Deee kees mebyebefOele eeefOekeejer eje efjHeC[ DeeosMe heeefjle kejves
kes Je<e& ceW uesKeeyeOo efkeee ieee.
7.2
Interest income on refund of Income Tax is accounted for in the year

the order is passed by the concerned authority.
7.3 Yeejleere efjpeJe& yeQke kes efoMeeefveoxMeeW kes DevegmejCe ceW Deefleose ceereeoer peceejeefMeeeW hej ose
yeepe kee eeJeOeeve Gheefele DeeOeej hej yeele Keelee yeepe oj hej Yeejleere efjpeJe& yeQke kes
efoveebke 22.08.2008 kes heefjhe$e kes efoveebke mes Deewj Mes<e kee veJeerkejCe kes mecee efkeee ieee
nw.
7.3
Pursuant to RBI guidelines, the interest payable on overdue term

deposit is provided on accrual basis at Saving Bank rate effective
from date of RBI circular dated 22.08.2008, and the balance at the
time of renewal.
8.
kece&eejer DevegueeYe :
8.
Dened Contribution Plan: The contribution paid/ payable under defined

contribution benefit schemes are charged to profit and loss account.
heefjYeeef<ele DebMeoeve eespevee : heefjYeeef<ele DebMeoeve DevegueeYe eespeveeDeesb kes Debleie&le Deoe efkeS
ieS / Deoe efkeS peeves Jeeues DebMeoeve kees ueeYe-neefve Keeles kees eYeeefjle efkeee ieee nw.
Dened Benet Plan: Banks liabilities towards defined benefit schemes

are determined using Projected Unit Credit Method. Actuarial Valuations
under the Projected Unit Credit Method are carried out as at the Balance
Sheet date. Actuarial gains and losses are recognized in the Profit and
Loss account.
heefjYeeef<ele DevegueeYe eespevee : Devegceeefvele FkeeF& pecee heefle kee eeesie kejles ngS heefjYeeef<ele
DevegueeYe eespeveeDeesb nsleg yeQke keer oseleeDeesb kee efveOee&jCe efkeee ieee nw. Devegceeefvele FkeeF&
pecee heefle kes Debleie&le yeerceebefkeke cetueve leguevehe$e kes efoveebke kees efkeee ieee nw. yeerceebefkeke
ueeYe Deewj neefve kees ueeYe-neefve Keeles ceW oMee&ee ieee nw.
9.
9.
DeeefmleeeW kee Devepe&ke nesvee
eeJeOeeve, Deekeefmceke oseleeSb Je Deekeefmceke Deeefmleeeb
10
Yeejleere meveoer uesKeekeej mebmLeeve eje peejer uesKee ceeveke ceeveke 29- eeJeOeeve, Deekeefmceke
oseleeSb Je Deekeefmceke Deeefmleeeb kes Devegmeej yeQke kesJeue efkemeer efheueer Ievee kes keejCe hewoe
ngF& Jele&ceeve eefleyeleeDeeW kes efueS eeJeOeeve kejlee nw.en mebYeJe nw efke peye eefleyeOolee kee
efJeemeveere Deekeueve efkeee pee mekelee nes leye eefleyeleeDeeW kee efveheeje kejves nsleg DeeefLe&ke
ueeYe meefnle efkemeer mebmeeOeve kes yeee eJeen keer DeeJeMekelee he[s.
Contingent assets are not recognized in the financial statements since this
may result in the recognition of the income that may never be realized.
11.
Ieesef<ele MegOo ueeYe, DeekeefmcekeleeDeesb Je eeJeOeeveeW kes Ghejeble nw efpeveceW efveJesMeeW kes cetue kee
meceeeespeve, DeMeesOe $e+CeeW kees yes Keeles [euevee, kejeOeeve kes efueS eeJeOeeve (DeemLeefiele
kejeOeeve meefnle), DeefieceeW kes efueS eeJeOeeve leLee DeekeefmcekeleeSb/Deve Meeefceue nQ.
12. Deeekej :
mecesefkele efJeeere efJeJejCeeW ceW oMee&S kej Jee cetue Je meneeke kebheveer kes Deueie-Deueie efJeeere
efJeJejCe ceW GuuesefKele mecee kej Kee& kee pees[ nw.
117
Net Prot, Provisions and Contingencies:

The Net Profit disclosed is after making the Provisions and Contingencies
which include adjustment to the value of investments, write off of bad
debts, provision for taxation (including deferred taxation), provision for
advances and contingencies/others.
12.
Je<e& kes oewjeve efkees iees kej eeJeOeeveeW ceW eeuet Deeekej, mebheefe kej Deewj DeemLeefiele kej
Meeefceue nQ. Yeejleere meveoer uesKeekeej mebmLeeve kes uesKee ceeveke 22 keer Melees kes Devegmeej
kej eesie Deee leLee uesKee eesie Deee kes mecee Devlej Deewj efJeJeskehetCe& efJeeej keer Mele& kes
DeOeerve DeemLeefiele kej DeeefmleeeW SJeb oseleeDeesb keer heneeve keer ieF& nw.
Provisions Contingent Liabilities and Contingent Assets:

As per the Accounting Standard 29-Provisions, Contingent Liabilities and
Contingent Assets issued by ICAI, the Bank recognizes provisions only
when it has a present obligation as a result of a past event, it is probable
than an outflow of resources embodying economic benefits will be required
to settle the obligation and when a reliable estimate of the amount of the
obligation can be made.
Deekeefmceke DeeefmleeeW kees efJeeere efJeJejCeeW ceW veneR oMee&ee ieee nw etbefke Fmemes Ssmeer Deee kee
DeefYeefveOee&jCe nes mekelee nw pees keYeer Jemetueer ve pee mekes.
11. MegOo ueeYe, eeJeOeeve SJeb DeekeefmcekeleeSb :
Impairment of Assets
Impairment losses if any, on fixed assets including Revalued Assets, are
recognized in accordance with Accounting Standard 28- Impairment of
Assets issued by Institute of Chartered Accountants of India (ICAI) and
charged to profit and loss account.
hegvece&tueve DeeefmleeeW meefnle Deeue mebheefeeeW kes Devepe&ke nesves kes keejCe ngF& neefve kees Yeejleere
meveoer uesKeekeej mebmLeeve eje peejer uesKee ceeveke 28- DeeefmleeeW kee Devepe&ke nesvee, kes
Devegmeej DeefYeefveOee&efjle kej ueeYe Je neefve Keeles ceW eYeeefjle efkeee ieee nw.
10
Employees Benets:
Income tax:
The provision for tax for the year comprises current income tax, wealth tax
and the deferred tax. The deferred tax assets and liabilities are recognized,
subject to the consideration of prudence, taking in to account the timing
differences between taxable income and accounting income, in terms of
Accounting Standard 22 issued by the Institute of Chartered Accountants
of India.
The tax expenses shown in the Consolidated Financial Statements is the
aggregate of the amounts of tax expenses appearing in the separate
financial statements of the parent & subsidiary.

Devegmeteer 17 KeeleeW hej efhheefCeeeB
SCHEDULE -17 - NOTES ON ACCOUNTS
1.
1.
efo.31.3.2009 kees ceje"Jee[e ieeceerCe yeQke Je ceneje^ ieesoeJejer ieeceerCe yeQke veeceke oes
meneeke eefleeve Les efpevekees Deeheme ceW efceueekej efoveebke 20.07.2009 kees ceneje^ ieeceerCe
yeQke kee ie"ve efkeee ieee. Je<e& kes oewjeve cetue yeQke ves meneeke eefleeveeW ceW DeveDeJeMeesef<ele
neefveeeW hej jKejKeeJe ueeiele keer DeefOekelee kes keejCe Keeefle mes DeveDeJeMeesef<ele neefveeeW kees
meceeeesefpele kejves kes yeeo meneeke eefleeveeW kes ueeYe ceW Deheves efnmmes kees oMee&ee nw.
As on 31.03.2009 there were two associates viz. Marathwada Gramin

Bank (MGB) and Maharashtra Godavari Gramin Bank (MGGB) which were
amalgamated on 20.07.2009 and a new entity in the name of Maharashtra
Gramin Bank(MGB) came into existence. During the year parent bank has
recognized its share of profit in associates after adjusting the unabsorbed
losses from goodwill, due to excess of carrying amount in associates over
unabsorbed losses of the associates.
Je<e& kes oewjeve yeQke ves ` 45.34 kejes[ keer hegve:hetbpeerkejCe efveefOe, efpemeceW Yeejle mejkeej eje
(50% DeLee&le ` 22.67 kejes[), ceneje^ mejkeej eje (15% DeLee&le ` 6.80 kejes[) leLee
yeQke Dee@@He ceneje^ eje (35% DeLee&le ` 15.87 kejes[) GheueyOe kejeF& pee jner nw, ceW mes
` 15.87 kejes[ keer hetbpeer ueieeF& nw.
2.
During the current year, the bank has infused ` 15.87 crore out of total
recapitalization fund of ` 45.34 crore to be provided by Government of
India (50% i.e. ` 22.67 crore), Government of Maharashtra (15% i.e. ` 6.80
crore) and Bank of Maharashtra (35% i.e ` 15.87 crore).
efveJesMe :
2.
Investments:
yeQke ves efveJesMe mebefJeYeeie kees leerve esefCeeeW eceMe: heefjhekeJelee leke Oeeefjle, efyeeer nsleg
GheueyOe Deewj efJeheCeve nsleg Oeeefjle ceW Jeieer&ke=le efkeee nw Deewj Yeejleere efj]peJe& yeQke kes
efoMeeefveoxMeeW kes Devegmeej efveJesMeeW kee cetueebkeve efkeee nw.
3.
The Bank has classified the investment portfolio into three categories i.e.
Held to Maturity, Available for Sale and Held for Trading and valued
the investments in terms of the Reserve Bank of India guidelines.
3.
F&efkeJeer Mesejhetbpeer hej ueeYeebMe
The Board of Directors of the Bank has recommended a dividend @ 20%

for the year, i.e. ` 2.00 per equity share of face value of ` 10/- each, which
is subject to approval of Government of India.
yeQke kes efveosMeke ceb[ue ves Je<e& kes efueS ` 10/- kes Debefkele cetue Jeeues F&efkeJeer Mesej hej 20%
keer oj mes ` 2.00 eefle F&efkeJeer Mesej kee ueeYeebMe DevegMebefmele efkeee nw, pees Yeejle mejkeej eje
Devegceesove kes DeOeerve nw.
4.
Dividend on Equity Share Capital
yeQke ves Yeejleere meveoer uesKeekeej mebmLeeve eje peejer DeefveJeee& uesKee ceevekeeW kee ueeiet meercee
leke efvecveevegmeej heeueve efkeee nw:
4.1 uesKee ceeveke 5 - DeJeefOe kes efueS efveJeue ueeYe ee neefve, ieleeJeefOe ceoW leLee uesKee veerefleeeW ceW
heefjJele&ve
4.
The Bank has complied with the mandatory Accounting Standards

issued by The Institute of Chartered Accountants of India (ICAI) to the
extent applicable as under:
4.1
Accounting Standard 5 Net Prot or Loss for the period, prior period
items and changes in accounting policies.
etbefke Deee/Jee keer ieleeJeefOe ceoW JeemleefJeke veneR nQ FmeefueS GvnW mebyebefOele uesKee Meer<e& ceW
eYeeefjle/uesKeeye efkeee ieee nw.
As Prior period items of income/expenditure are not material, the same

have been charged/accounted for in respective heads of accounts.
4.2
4.2 uesKee ceeveke 9 - jepemJe efveOee&jCe
As per Accounting Policy No. 7(i), given in Schedule -17 Significant

Accounting Policies, certain items of income are recognized on realization
basis on account of statutory requirements or materiality.
Devegmeteer 17 cenlJehetCe& uesKeebkeve veerefleeeb ceW oer cenlJehetCe& uesKee veerefle 7 (DeeF&) kes Devegmeej
meebefJeefOeke DeeJeMekeleeDeesb ee JeemleefJekelee kes keejCe Deee keer keeflehee ceoeW kee efveOee&jCe
Jemetueer kes DeeOeej hej efkeee ieee nw.
4.3
Accounting Standard 9 Revenue Recognition
4.3 Consolidated Segment Reporting (AS-17):
mecesefkele Keb[ efjheesef&bie (uesKee ceeveke 17)
(` kejes[ ceW)
(` in crore)
JeJemeee Keb[
Business Segments
Kepeevee
efJeJejCe Particulars
jepemJe Revenue
heefjCeece Result
Deveeyebefle Kee& Unallocated expenses
heefjeeueveiele ueeYe Operating profit
DeemLeefiele kej meefnle kej
efveieefcele / nesuemesue yeQefkebie
Treasury
efjsue yeQefkebie
Deve yeQefkebie heefjeeueve
Retail Banking
Other banking
operations
2010-11
2009-10
2010-11
2010-11
2009-10
2010-11
2009-10
1644.33
1598.13
2640.82
2128.45
1737.74
1552.12
76.31
48.77
6099.20
5327.47
182.03
337.18
137.45
108.35
40.71
113.23
37.86
18.22
398.05
576.98
Taxes including deferred taxes
DemeeOeejCe ueeYe/neefve
Extraordinary profit/ loss
5.75
8.00
392.30
568.98
57.50
129.32
Metve
Metve
Metve
Metve
Metve
Metve
Metve
Metve
Metve
Metve
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
334.80
Nil
439.66
23012.95
22871.18
32133.23
27066.11
15353.31
13823.64
4747.46
5968.68
75246.95
69729.61
efveJeue ueeYe Net profit

Keb[ Deeefmleeeb Segment assets
Deveeyebefle Deeefmleeeb Unallocated assets
kegue Deeefmleeeb Total assets
Keb[ oseleeSb Segment liabilities
Deveeyebefle oseleeSb Unallocated liabilities
hetbpeer Deewj Deve Deejef#eefleeeb
kegue
Total
Corporate/
Wholesale Banking
2009-10
2010-11
2009-10
22680.02
21430.15
30056.78
27829.78
Capital & Other Reserves
kegue oseleeSb Total liabilities
118
14361.18
14213.67
5225.72
4622.27
1229.83
1352.45
76476.78
71082.06
72323.70
68095.87
168.80
118.83
3984.28
76476.78
2867.36
71082.06
ke)
Kepeevee Keb[ ceW efveJesMe, Yeejle kes yeenj efmLele yeQkeeW ceW DeefOeMes<e, efveJesMeeW hej Gheefele yeepe
Deewj Gvemes mebyebefOele Deee Fleeefo kees Meeefceue efkeee ieee nw.
a)
Treasury segment includes Investment, balances with Banks outside India,

Interest accrued on Investments and related income there from.
Ke)
efveieefcele Deewj Leeske yeQefkebie Keb[ ceW veemeeW, Yeeieeroejer Hecees, kebheefveeeW Deewj meebefJeefOeke efvekeeeeW
kees efoS ieS meYeer Deefiece Meeefceue nQ efpevnW Hegkej yeQefkebie Keb[ ceW Meeefceue veneR efkeee ieee
nw.
b)
Corporate/ Whole sale Banking Segments include all advances to trusts,

partnership firms, companies and statutory bodies which are not included
in Retail Banking Segments.
ie)
Hegkej yeQefkebie ceW Jeweefeke Jeefe / JeefeeeW DeLeJee Ssmes ueIeg JeJemeeeeW kees Meeefceue efkeee
ieee nw, peneb
c)
Retail Banking Segments include exposure to the individual person/

persons or to a small business where
Ie)
i.
kegue Jeeef<e&ke Deewmele DeeJele& ` 50.00 kejes[ mes kece nw, Deewj
i.
total average annual turnover is less than ` 50.00 crore and
ii.
efkemeer Yeer Ske eeflehe kees oer ieF& mekeue GOeeefjeeb yeQke kes meceie efjsue mebefJeYeeie kes
0.2% mes DeefOeke veneR nw, Deewj
ii.
no aggregate exposure to one counterpart exceeds 0.2% of the

overall retail portfolio of the Bank and
iii.
Ske eeflehe kees eoeve efkeee ieee DeefOekelece mekeue Hegkej GOeej ` 5.00 kejes[
leke nw.
iii.
The maximum aggregated retail exposure to one counterpart is up to

` 5.00 crore.
Thej efJeefveefo& Keb[eW kes DeOeerve Meeefceue veneR efkeS ieS Deve meYeer yeQefkebie mebJeJenejeW kees Deve
yeQefkebie eeeueve Keb[ ceW Meeefceue efkeee ieee nw.
d)
Ghee&ge ekeve eyebOeve eje mebkeefuele leLee uesKee hejer#ekeeW eje DeJeuebefyele DeefYeuesKeeW/metevee
kes DeeOeej hej efkeS ieS nQ.
Other Banking Operations segment includes all other banking transaction

not covered under segments, specified above.
The above disclosures made are based on the records/information
compiled by the management and relied upon by the auditors.
Yeewieesefueke Keb[
Geographical Segment
etbefke yeQke kee eeeueve kesJeue Yeejle keer meercee kes Deboj nw Dele: keesF& Yeewieesefueke Keb[ ueeiet veneR nw.
Since the operations of the Bank are within India only, Geographical Segment
is not applicable.
4.4 uesKee ceeveke 18- mebyeOo he#e ekeve:
4.4
Accounting Standard 18 Related party disclosures:
Fmemes mebyebefOele yeesjs efvecveevegmeej nQ:
The details in this regard are mentioned as below:
mecyebefOele he#eesb kee veece Deewj yeQke mes Gvekes mecyebOe:
Name of the Related Parties and their relationship with the Bank:
cenlJehetCe& eyebOekeere keceer&
Key Managerial Personnel-
1. eer S.Sme. Yeeeee&, DeOe#e Je eyebOe efveosMeke (01.10.2010 mes)
1.
Shri Anup S Bhattacharya, Chairman & Managing Director (from

01.10.2010)
2. eer Deuesve meer. S. efhejsje, DeOe#e Je eyebOe efveosMeke (04.06.2008 mes 30.09.2010 leke)
2.
Shri Allen C. A. Pereira, Chairman & Managing Director (from

04.06.2008 to 30.09.2010)
3.
Shri Madhukant G Sanghvi, Executive Director (from 15.10.2008)
3. eer ceOegkeeble peer mebIeJeer, keee&heeueke efveosMeke (15.10.2008 mes)

yeQke keer Deveg<ebieer kebheveer, oer ceneje^ Skepeerkeetj Sb[ ^mer kebheveer ee.efue.
Subsidiary of the Bank The Maharashtra Executor & Trustee Co. Pvt.
Limited
yeQke keer meneeke mebmLee - ceneje^ ieeceerCe yeQke
Associate of the Bank- Maharashtra Gramin Bank
mecyebefOele he#eesb mes mebJeJenej (cenlJehetCe& eyebOekeere Jeefe)-
Transactions with Related parties ( Key Managerial Persons)-
(` kejes[ ceW)
efJeJejCe
Jesleve Je Yees
31.03.11
31.03.10
0.25
0.28
(` in crore)
Particulars
Salary & Allowance
etBefke yeQke, Gmekeer Deveg<ebieer kebheveer Deewj meneeke mebmLeeSb mejkeejer efveeb$eCe ceW nQ Dele: SSme 18
keer Dehes#eeDeesb kes Devegmeej Gvemes efkees peeves Jeeues mebJeJenejeW kes mecyebOe ceW efkemeer Yeer ekeve keer
DeeJeMekelee veneR nw.
4.5 uesKee ceeveke 20 - eefle Mesej Deee
cetue/kece keer ieF& eefle Mesej Deee
31.03.2010
` 6.96
` 10.21
Ke) FefkeJeer MesejeW keer Oeeefjle Deewmele mebKee (mebKee

ueeKe ceW)
ie) eefle Mesej cetue Deee (Ke) eje efJeYeeefpele (ke)
Ie) eefle Mesej veececee$e cetue
0.25
0.28
Accounting Standard 20- Earning per Share
Basic / Diluted E.P.S.
31.03.2011
31.03.2010
` 6.96
` 10.21
Calculation of Basic /Diluted EPS.
cetue/kece keer ieF& eefle Mesej Deee keer ieCevee

ke) DeefOeceeve MesejeW hej ueeYeebMe leLee kej kes yeeo
efveJeue ueeYe (` ueeKe ceW)
31.03.10
Since the bank, its subsidiary and associates are state controlled, no
disclosures are required to be made pertaining to the transactions with
them in accordance with the requirements of AS 18.
4.5
31.03.2011
31.03.11
30,029.55
a)
Net Profit after Tax and dividend on

preference shares (` in lakhs)
30,029.55
43,966.78
b)
Weighted Average number of Equity

Shares (Nos. in lakhs)
4,313.61
4,305.20
c)
Basic Earning per share (a) divided

by (b)
` 6.96
` 10.21
` 10.00
` 10.00
43,966.78
4,313.61
4,305.20
` 6.96
` 10.21
` 10.00
` 10.00
d)
119
Nominal Value per Share

4.6 uesKee ceeveke 22 - Deee hej kejeW kee uesKee
4.6
The parent bank has accounted for Income Tax in compliance with AS
22. Accordingly, Deferred Tax Assets and Deferred Tax Liabilities are
recognized. Major Components of Deferred Tax Assets & Deferred Tax
Liabilities are as under:
(` in Crore)
uesKee ceeveke 22 kes Devegmeej cetue yeQke ves Deeekej kee uesKeebkeve efkeee nw. leovegmeej DeemLeefiele
kej DeeefmleeeW Deewj DeemLeefiele kej oseleeDeeW kee DeefYeefveOee&jCe efkeee ieee nw. DeemLeefiele kej
DeeefmleeeW Deewj DeemLeefiele kej oseleeDeeW kes ecegKe Ieke efvecveevegmeej nQ :
(` kejes[ ceW)
yeesjs
31.03.2011
Accounting for Taxes on Income (AS-22):
Particulars
31.03.2010
31.03.2010
On account of timing difference towards

provisions for Bad & Doubtful debts &
Others.
133.89
80.42
On account of provisions for Employees

benefits as per AS-15 (Revised)
173.35
0.00
6.95
61.90
Other Provisions where DTA is created
112.20
153.92
Total
426.39
296.24
On account of Special Reserve u/s 36(1)

(viii)
21.95
18.10
Total
21.95
18.10
404.44
278.14
Deferred Tax Assets
DeemLeefiele kej Deeefmleeeb
1)
1) DeMeesOe Je [tyeble $e+CeeW Je Deveesb nsleg eeJeOeeve kes efueS

mecee Deblej kes keejCe
133.89
80.42
2) uesKee ceeveke 15 (mebMeesefOele) kes Devegmeej kece&eejer

DevegueeYe nsleg eeJeOeeve keer jkece kes keejCe
173.35
0.00
6.95
61.90
112.20
153.92
426.39
296.24
3) Deeue Deeefmle hej cetueneme nsleg

4) Deve eeJeOeeve - peneb [ererS yeveeee ieee nw
2)
3)
4)
kegue
DeemLeefiele kej oselee
1) Oeeje 36 (1) (viii) kes Debleie&le efJeMes<e Deejef#eefleeeW kes
keejCe
kegue
efveJeue DeemLeefiele kej Deeefmleeeb- Devegmeteer 11 (Deve
Deeefmleeeb) ceW oMee&F& ieF
On account of depreciation on fixed

assets
Deferred Tax Liability

21.95
18.10
21.95
18.10
404.44
1)
Net Deferred Tax Asset-shown in

Schedule 11 (Other Assets)
278.14
ceskees kes mebyebOe ceW [ererS kes mebyebOe ceW eeuet Je<e& kes oewjeve ngS ` 649590/-([ererSue ` 18092)
kes cetueeme Deewj eejbefYeke Keees kees legueve he$e ceW oMee&ee ieee nw.
In respect of METCO, DTA in respect of depreciation & preliminary expenses

for the current year amounting to ` 649590/- (DTL ` 18092) has been shown
in Balance Sheet.
4.7 uesKee ceeveke 26 - Decetle& DeeefmleeeW kee uesKeebkeve

(1)
31.03.2011
4.7
kechetj mee@HeJesej - Deebleefjke he mes efveefce&le kes Deefleefje:
Accounting Standard 26Accounting for Intangible Assets.

Computer Software other than internally generated:
Gheeesieer DeJeefOe
- 3 Je<e&
Useful life
3 years.
heefjMeesOeve oj
- 33.33%
Amortization Rate
33.33%
Amortization Method
Straight line at cost.
heefjMeesOeve heefle - ueeiele hej meerOeer jsKee heefle

(` kejes[ ceW)
efJeJejCe
Je<e& kes DeejbYe ceW mee@HeJesej
Je<e& kes oewjeve efuees iees mee@HeJesej
Je<e& kes oewjeve heefjMeesOeve
Je<e& keer meceeefhle hej Deeies ues peeF& ieF& efveJeue jeefMe
(` in Crore)
Particulars
31.03.2011
31.03.2010
11.24
11.32
2.97
5.54
Software acquired during the year
10.20
5.62
Amortization during the year
4.01
11.24
Software at the beginning of the year
31.03.2010
11.24
11.32
2.97
5.54
10.20
5.62
4.01
11.24
Net carrying amount at the end of the year

4.8
4.8 DeeefmleeeW kee Devepe&ke nesvee (uesKee ceeveke28):
Impairment of Assets (AS-28):

Bank has identified that there is no impairment of fixed assets and as such
no provision is required as per AS-28.
yeQke ves DeefYeefveOee&efjle efkeee nw efke DeeefmleeeW ceW keesF& Yeewefleke #eefle veneR ngF& nw FmeefueS uesKee
ceeveke 28 kes Devegmeej keesF& eeJeOeeve kejves keer DeeJeMekelee veneR nw.
4.9
4.9 eeJeOeeve, Deekeefmceke oseleeSb Deewj Deekeefmceke Deeefmleeeb (uesKee ceeveke - 29)
Provisions, Contingent Liabilities & Contingent Assets (AS-29):

In the opinion of the management, no provision is
contingent liabilities referred in Schedule 12.
eyebOeve kes celeevegmeej Devegmeteer 12 ceW meboefYe&le Deekeefmceke oseleeDeesb kes efueS keesF& eeJeOeeve
kejvee DeeJeMeke veneR nw.
(i)
31.03.2011
(i)
Deblej MeeKee JeJenejeW, Deve yeQkeeW/mebmLeeDeesb kes meeLe mebJeJenejeW, veececee$e KeeleeW, Deve
DeeefmleeeW Deewj Deve oseleeDeesb kes Debleie&le hegjeveer eefJeefeeW, meeOeejCe Keelee yener mes
meneeke uespejeW ceW keeflehee pecee KeeleeW, meceeMeesOeve KeeleeW, Deve DeeefmleeeW/oseleeDeesb
kes meceeeespeve/meceeMeesOeve/neves kee keee& eieefle hej nw. Fmeer lejn, efmLej DeeefmleeeW
kes Deblej MeeKee DeblejCe kes meceeOeeve kee keee& eieefle hej nw. Fvekee jepemJe hej eYeeJe,
hejJeleer& eYeeJe meefnle, kee helee veneR ueieeee pee mekee nw.
120
required against
Work is in progress for adjustment/ reconciliation/elimination of

inter-branch transactions, transactions with other banks/institutions,
nominal accounts and old entries under other assets and liabilities,
further reconciliation between balances in subsidiary and general
ledger in respect of certain deposit accounts, clearing accounts,
other assets & liabilities. Similarly, reconciliation of inter-branch
transfer of fixed assets is still under progress. The effect of these
including the consequential impact thereof on the revenue, is not
ascertainable.
5.
(ii)
efheues Je<e& leke, Deee DeefYeefveOee&jCe Je Deeefmle Jeieer&kejCe kes efJeJeskehetCe& ceeveoC[eW kes
Devegheeueve nsleg Devepe&ke DeefieceeW kes DeefYeefveOee&jCe kes efueS yeQke eerce mee@HeJesej kee
Gheeesie kej jne Lee. uesefkeve, efJee ceb$eeuee kes efveoxMeeW kes DevegheeueveeLe& yeQke ves Deee
DeefYeefveOee&jCe Je Deeefmle Jeieer&kejCe kes efJeJeskehetCe& ceeveoC[eW kes Devegmeej Devepe&ke DeefieceeW
kes Jeieer&kejCe kes efueS Deheveer keesj yeQefkebie eCeeueer kees DeeMeesefOele efkeee nw.
(iii)
keeflehee uebyes uebefyele keevetveer efJeJeeoeW/DeewheeeefjkeleeDeesb kes keejCe ` 7.00 kejes[

(` 8.02 kejes[) kes hegve:cetueebefkele keg heefjmejeW kes mebyebOe ceW yeQke kes he#e ceW nke efJeuesKe
efve<heeefole/hebpeerke=le kejvee Mes<e nw.
5.
Keeefle Je efveJesMeeW hej jKeeJe-ueeiele
(iii)
The title deeds in respect of few revalued premises having cost ` 7.00
crore (` 8.02 crore) are not yet executed/registered in favour of the
bank due to certain long pending legal disputes/formalities
Goodwill and carrying amount of investment.
During the year, the bank has infused ` 15.87 crore in the form of capital
in Maharashtra Gramin Bank. Based on the intrinsic value of share of
Maharashtra Gramin Bank, ` 12.83 crore has been shown as carrying
amount of fresh investment and ` 3.04 crore are identified as goodwill out
of fresh infusion made.
Je<e& kes oewjeve yeQke ves ceneje^ ieeceerCe yeQke ceW hetbpeer kes he ceW ` 15.87 kejes[ keer hetbpeer
ueieeF&. ceneje^ ieeceerCe yeQke kes Mesej kes eLeeLe& cetue kes DeeOeej hej ` 12.83 kejes[
veS efveJesMe keer jKeeJe-ueeiele oMee&F& ieF& nw leLee veS efveJesMe mes ` 3.04 kejes[ keer Keeefle
DeefYeefveOee&efjle keer ieF& nw.
6.
KeeleeW hej Deve efJeefMe efhheefCeeeb
Other signicant Notes on Accounts.

These are set out under Notes on Accounts as given in the sole Financial
Statements of Bank, its subsidiary and the associate.
Fvekee GuuesKe 'KeeleeW hej efhheefCeeeb' kes DeOeerve yeQke Deewj Fmekes meneeke eefleeveeW leLee
meneesefieeeW kes meesuees efJeeere efJeJejCeeW ceW oer ieF& nw.
7.
Till previous year, the Bank was identifying NPAs to comply with
Income Recognition, Asset Classification (IRAC) Norms through the
CREAM software. However, to comply with the directions of Ministry
of Finance, the Bank has now modified its Core Banking Solution
(CBS) system with a view to classify NPAs as per IRAC.
Goodwill of ` 22.36 crores (` 31.21 crores) pertains to associate as on

31.03.2011.
efoveebke 31.3.2011 kees ` 22.36 kejes[ (` 31.21 kejes[) keer Keeefle meneeke eefleeveeW mes
mebyebefOele Leer.
6.
(ii)
7.
peneb keneR DeeJeMeke ngDee nes Jeneb iele Je<e& kes Deebke[esb kees hegve:mecetnye/hegve:Jeieer&ke=le efkeee ieee
nw leeefke GvnW eeuet Je<e& kes Deebke[esb mes legueveere yeveeee pee mekes.
121
Previous years figures have been regrouped / reclassified wherever

considered necessary to make them comparable with current years
figures.

31 ceee& 2011 kees meceehle Je<e& kes efueS mecesefkele vekeoer eJeen kee efJeJejCe
STATEMENT OF CONSOLIDATED CASH FLOW FOR THE YEAR ENDED 31ST MARCH 2011

yeesjs Particulars
ke
A.
heefjeeueve ieefleefJeefOeeeW mes vekeoer eJeen
CASH FLOW FROM OPERATING ACTIVITIES
Deee INCOME
Deefpe&le yeepe INTEREST EARNED
Deve Deee OTHER INCOME
IeeSb : Jee Je eeJeOeeve LESS: EXPENDITURE & PROVISIONS
eoe yeepe INTEREST PAID
heefjeeueve Jee OPERATING EXPENSES
Jee kes Thej Deee DeefOeke nesves kee keejCe vekeoer ceW efveJeue Je=ef
NET INCREASE IN CASH DUE TO INCREASE OF INCOME OVER EXPENSES
5563,08,76
536,11,09
6099,19,85
4735,58,45
591,88,71
5327,47,16
3594,29,59
1645,39,19
524,71,14
5764,39,92
3438,95,88
1073,80,36
375,04,14
4887,80,38
334,79,93
439,66,78
pees[W : iewj vekeoer ceoW SJeb Deueie mes efJeeeeefjle ceoW
ADD : NON CASH ITEMS & ITEMS CONSIDERED SEPARATELY

Deeue mebheefeeeW nsleg cetueeme DEPRECIATION FOR FIXED ASSETS
erej 2 yeeB[me hej yeepe INTEREST ON TIER II BONDS
524,71,14
67,86,03
232,86,94
IeeSb : eoe ele#e kej (Meg) LESS: DIRECT TAXES PAID (NET)
heefjeeueveeW mes Deefpe&le vekeo ueeYe
CASH PROFIT GENERATED FROM OPERATIONS
825,44,11
1160,24,04
-233,32,37
375,04,14
75,09,54
207,08,46
926,91,67
(I)
657,22,14
1096,88,92
-302,54,76
794,34,16
heefjeeueve oseleeDeeW ceW efveJeue Je=ef
NET INCREASE OF OPERATING LIABILITIES:
peceejeefMeeeb DEPOSITS
GOeejer (erej I/II yeeB[ kees es[kej) BORROWINGS (EXCL. TIER I/II BONDS)
Deve oseleeSb Je eeJeOeeve OTHER LIABILITIES & PROVISIONS
pees[ Total
3543,93,43
447,11,09
-111,61,19
3879,43,33
11045,08,32
-60,55,99
-10,69,89
10973,82,44
pees[ Total
1180,36,32
6566,06,91
57,90,83
7804,34,06
2941,70,77
6023,92,40
465,90,39
9431,53,56
IeeSb : heefjeeueve DeeefmleeeW ceW Meg Je=ef
LESS: NET INCREASE OF OPERATING ASSETS
efveJesMe INVESTMENTS
Deefece ADVANCES
Deve Deeefmleeeb OTHER ASSETS
heefjeeueve DeeefmleeeW hej heefjeeueve oseleeDeeW ceW efveJeue Je=ef (II)
NET INCREASE OF OPERATING LIABILITIES OVER OPERATING ASSETS
(II)
heefjeeueve ieefleefJeefOeeeW mes vekeoer eJeen (~+~~) = (ke)

CASH FLOW FROM OPERATING ACTIVITIES (I+II) = (A)
-3924,90,73
1542,28,88
-2997,99,06
2336,63,04
Ke efveJesMe ieefleefJeefOeeeW mes vekeoer eJeen

B.
CASH FLOW FROM INVESTING ACTIVITIES
Deeue mebheefeeeW kee ee/efJeee PURCHASE / SALE OF FIXED ASSETS

efveJesMe ieefleefJeefOeeeW mes efveJeue vekeoer eJeen (Ke)
-86,10,76
-86,10,76
NET CASH FLOW FORM INVESTING ACTIVITIES (B)
ie
C.
-64,77,16
-64,77,16
efJeehees<eCe ieefleefJeefOeeeW mes vekeoer eJeen
CASH FLOW FROM FINANCING ACTIVITIES:
1) yesefceeeoer erej II/Dehej erej II yeeB[me mes Deeiece (ceeseve meefnle)

Proceeds from Tier II Bonds, Upper Tier II Bonds and Perpetural (incl. redemption)
2) ueeYeebMe leLee kej Dividend plus tax

3) erej II yeeB[me hej yeepe Interest on Tier II Bonds
4) F&efkeJeer MesDeme& Equity Shares
5) heerSvemeerheerSme MesDeme& PNCPS Shares
efJeehees<eCe ieefleefJeefOeeeW mes efveJeue vekeoer eJeen = (ie)
CASH FLOW FROM FINANCING ACTIVITIES = (C)
Je<e& kes oewjeve kegue vekeoer eJeen (ke+Ke+ie) TOTAL CASH FLOW DURING THE YEAR (A+B+C)
122
-167,50,00
-100,73,31
-232,86,94
352,00,00
588,00,00
600,00,00
-75,55,30
-207,08,46
438,89,75
-2645,20,07
317,36,24
2589,22,12
31 ceee& 2011 kees meceehle Je<e& kes efueS mecesefkele vekeoer eJeen kee efJeJejCe
STATEMENT OF CONSOLIDATED CASH FLOW FOR THE YEAR ENDED 31ST MARCH 2011

yeesjs Particulars
eje eefleefveefOelJe REPRESENTED BYJe<e& kes DeejbYe ceW Mes<e Balances at the beginning of the year
Je<e& kes Deble ceW Mes<e Balances at the end of the year
Je<e& kes oewjeve kegue vekeoer eJeen TOTAL CASH FLOW DURING THE YEAR
kes. Se. JePes
FRN: 305123E
FRN: 313124E
meveoer uesKeekeej
meveoer uesKeekeej
223,91,65
4105,33,67
3846,00,41
5315,39,40
203,35,31
4049,35,72
1379,16,39
6694,55,79
-2645,20,07
2589,22,12
S. Sme. Yeeeee&
cegKe ceneeyebOeke
Executive Director
ke=les js Sb[ keb.
SHeDeejSve 313124F&
1379,16,39
6694,55,79

SHeDeejSve 305123F&
3881,42,02
A.S. BHATTACHARYA
ceneeyebOeke efJee Je ues-1 Je efveJesMeke mesJeeSb
For Ray & Co.
5315,39,40
M.G. SANGHVI
A. S. BANERJEE
S. Sme. yevepeea
K. H. WAZE
Year Ended 31-03-2011
ke=les pesmeerDee@j Sb[ keb.
For Jodh Joshi

And Co
For JCR & Co.
FRN :105270W
meveoer uesKeekeej
FRN: 104317W
meveoer uesKeekeej
(cekejbo peesMeer)
For N.Kumar Chhabra
& Co.
FRN: 006791N
FRN : 000837N
meveoer uesKeekeej
meveoer uesKeekeej
(Sme.kes.eJeefjee)
Yeeieeroej
(megyelee je@e)
(Subrata Roy)
Yeeieeroej
(Makarand Joshi)
Yeeieeroej
Yeeieeroej
Yeeieeroej
Yeeieeroej
(Partner)
(Partner)
(Partner)
(Partner)
(Partner)
(Partner)
meomelee e.008482
meomelee e.051205
meomelee e.047196
meomelee e.129055
meomelee e.080496
meomelee e.084906
(Amit Tanpure)
(veJelespe kegceej)
(Navtej Kumar)
(mebpee pewve)
(Sanjay Jain)
mLeeve : hegCes
efoveebke : Deewue 30, 2011
Place : Pune
Date : April 30, 2011
123

yeer. eJeefjee Sb[ keb.
meveoer uesKeekeej
8S Je 8yeer melece e@Jeme&,
3, Deueerhegj jes[,
keesuekelee-700027
js Sb[ keb.
meveoer uesKeekeej
ce veb. 8meer, 8JeeR cebefpeue
21 S, Meskemeheerej mejveer,
keesuekelee-700017

meveoer uesKeekeej
pes.heer.neGme,1ueer cebefpeue,
jefJeveiej mkeJesej,
DecejeJeleer jes[
veeiehegj-400 010
pes meer Deej Sb[ keb.

meveoer uesKeekeej
jeJeue neGme,
18JeeR jes[, Keej (heefece)
cegbyeF&-400052
B. Chhawchharia & Co.,

8A & 8B, Satyam Towers,
3, Alipore Road,
Kolkata 700 027
Ray & Co.,

21A, ShakspeareSarani,
Flat 8C, 8th Floor,
Kolkata 700 017
Jodh Joshi And Co.,

J.P. House, 1st Floor,
Ravinagar Square,
Amravati Road,
Nagpur 400 010
Sve. kegceej eye[e Sb[ kebheveer

meveoer uesKeekeej
SmemeerDees 1094-95
meskej 22 - yeer
eb[erie]{-160 022
[erSmeheer Sb[ SmeesefmeSdme

meveoer uesKeekeej
783, osMeyebOeg ieghlee jes[
kejesue yeeie
veF& efouueer-110 005
DSP & Associates,

N. Kumar Chhabra & Co.,
J C R & Co.,
783, DeshBandhu Gupta
SCO 1094-95,
Raval House,
Road, Karol Bagh,
Sector 22-B,
18th Road, Khar (W),
New Delhi 110 005
Chandigarh 160 022
Mumbai 400 052.

Yeejle kes je^heefle keer mesJee ceW
efJeeere efJeJejCeeW hej efjhees&
1. yeQke Dee@@He ceneje^ Gmekeer meneeke kebheveer leLee Ske meneesieer mebmLee (mecetn) kes efoveebke 31
ceee&, 2011 kes mebueive mecesefkele efJeeere efJeJejCe efpemeceW 31.03.2011 kee mecesefkele legueve he$e
mecesefkele ueeYe Deewj neefve Keelee leLee Gmeer efoveebke kees meceehle Je<e& kes efueS mecesefkele vekeoer eJeen
efJeJejCe Deewj cenlJehetCe& uesKee veerefleeeW kes meejebMe Deewj Deve mheerkejCe mebyebOeer meteveeSb Meeefceue
nQ, keer nceves uesKee hejer#ee keer nw.
2. nceejs eje uesKee hejeref#ele cetue yeQke (DeLee&le yeQke Dee@@He ceneje^) kes efJeeere efJeJejCe ceW nceejs
eje uesKee hejeref#ele 20 MeeKeeDeesb keer efJeJejefCeeeb, Deve uesKeehejer#ekeeW eje uesKeeheefjef#ele 1298
MeeKeeDeesb keer efJeJejefCeeeb Deewj nceejs eje uesKeehejeref#ele Kepeevee Deewj Debleje&êre yeQefkebie MeeKee
keer efJeJejefCeeeb Meeefceue nQ.
AUDITORS' REPORT
To
The President of India.
Report On Financial Statements 1. We have audited the accompanying Consolidated financial statements of
BANK OF MAHARASHTRA , its one subsidiary and one associate (the
Group) as at 31st March 2011 which comprise the Consolidated Balance
Sheet as at March 31, 2011, and the Consolidated Profit and Loss Account
and the Consolidated Cash Flow statement for the year then ended,
and a summary of significant accounting policies and other explanatory
information.
2.
The branches audited by us and those audited by other auditors, as informed

to us, 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 Statement of Profit & Loss of parent are the returns
from 14.13% branches which have not been subjected to audit but certified
by the management. These unaudited branches of Parent account for
1.49% of advances, 2.17% of deposits, and 0.67% of interest income and
2.16% of interest expenses of the Parent.
pewmee nceW yeleeee ieee nw, nceejs eje uesKee hejeref#ele Je Deve uesKee hejer#ekeeW eje uesKee hejeref#ele
MeeKeeDeesb kee eeve yeQke ves Yeejleere efjpeJe& yeQke eje yeQke kees peejer efoMee efveoxMeeW kes Devegmeej
efkeee nw. meeLe ner cetue yeQke kes legueve he$e Deewj ueeYe Je neefve kes efJeJejCe ceW 14.13 eefleMele
MeeKeeDeesb, pees eyebOeve eje eceeefCele uesefkeve uesKee hejer#ee kes DeOeerve vener nQ, keer efJeJejefCeeeb Yeer
Meeefceue nQ. Fve DeuesKeehejeref#ele MeeKeeDeesb kee DeefieceeW ceW 1.49%, peceejeefMeeeW ceW 2.17%, yeepe
Deee ceW 0.67% Deewj yeepe Kee& ceW 2.16% efnmmee nw.
3. nceves meneeke kebheveer kes efJeeere efJeJejCeeW keer uesKeehejer#ee veneR keer nw efpemekes efJeeere efJeJejCe ceW
efoveebke 31.3.2011 kees 669.54 ueeKe keer kegue Deeefmleeeb leLee Gmeer efoveebke kees meceehle Je<e&
nsleg 13.80 ueeKe kee efveJeue ueeYe oMee&ee ieee nw.meeLe ner meneeke eefleeveeW keer Yeer uesKee
hejer#ee veneR keer nw efpemekes efJeeere efJeJejCe ceW Gme efleefLe kees meceehle efJeeere Je<e& nsleg pewmee efke
mecesefkele efJeeere efJeJejCeeW ceW efoee ieee nw, mecetn kes ueeYe kes efnmmes kees 427.32 ueeKe yeleeee
ieee nw. Fve efJeeere efJeJejCeeW keer uesKee hejer#ee Deve uesKee hejer#ekeeW eje keer ieF& nw efpevekeer
efjhees& nceW emlegle keer ieF&. Fme meneeke kebheveer mes mebyebefOele jeefMeeeW kes ceeceues ceW nceeje cele
kesJeue Deve uesKee hejer#ekeeW eje emlegle keer ieF& efjheeses hej DeeOeeefjle nw.
The Financial Statements of Parent (i.e. Bank of Maharashtra) audited

by us and incorporated in these statements incorporate the returns of 20
branches & The Treasury & International Banking Branch (TIBB) audited by
us and the returns of 1298 branches audited by other Branch Auditors.
3.
We did not audit the financial statements of subsidiary which reflect total
assets of ` 669.54 lakh as on 31st March, 2011 and net profit of ` 13.80 lakh
for the year ended on that date, and associate whose financial statements
reflect the Group share of profit of ` 427.32 lakh for the year ended on that
date as considered in consolidated financial statements. These financial
Statements have been audited by other auditors whose reports have been
furnished to us and our opinion, in so far as it relates to the amounts included
in respect of the subsidiary and the associate, is based solely on the reports
of the other auditors.
4.
We report that the Consolidated Financial Statements have been prepared

by the bank in accordance with the requirements of the Accounting Standard
(AS) 21 -Consolidated Financial Statements and AS 23 Accounting
for Investments in Associates in Consolidated Financial Statements, and
on the basis of separate audited financial statements of the bank and its
subsidiary and associate included in the Consolidated Financial Statements.
These Consolidated Financial Statements have been drawn up in the form
prescribed by the Reserve Bank of India.
4. nce metefele kejles nQ efke Yeejleere meveoer uesKeekeej mebmLeeve eje peejer uesKee ceeveke 21 keer
Dehes#eeDeesb kes Devegmeej yeQke ves mecesefkele efJeeere efJeJejCe Deewj meneeke eefleeveeW ceW efveJesMe uesKee
ceeveke 23 kes Devegmeej Deewj mecesefkele efJeeere efJeJejCeeW ceW Meeefceue yeQke Je Fmekeer Deveg<ebieer leLee
Fmekeer meneeke kebheefveeeW kes uesKee hejer#ee efkeS ieS efJeeere efJeJejCeeW hej leweej efkeS ieS nQ. es
mecesefkele efJeeere efJeJejCe Yeejleere efj]peJe& yeQke eje efJeefveefo& eehe ceW emlegle efkees iees nQ.
efJeeere efJeJejCeeW kes efueS eyebOeve keer efpeccesoejer
Managements Responsibility for the Financial Statements -
5. Fve mecesefkele efJeeere efJeJejCeeW kee efvecee&Ce eyebOeve keer efpeccesoejer nw. efJeeere efJeJejCeeW kees leweej
kejves mes mebyebefOele Fme efpeccesoejer ceW Deebleefjke efveeb$eCe kees leweej kejvee Gmekee keeee&vJeeve Deewj
jKejKeeJe Meeefceue nw es efJeeere efJeJejCe peeuemeepeer ee efkemeer Deve ieueleer kes keejCe mes efkeee
ieuele Yeewefleke keLeve mes cege nQ.
5.
Management is responsible for the preparation of these consolidated

financial statements. This responsibility includes the design, implementation
and maintenance of internal control relevant to the preparation of the
financial statements that are free from material misstatements, whether due
to fraud or error.
Auditors' Responsibility -
uesKee hejer#ekeeW keer efpeccesoejer

6. nceejer efpeccesoejer mecesefkele efJeeere efJeJejCeeW keer uesKee hejer#ee kes DeeOeej hej DeefYecele Jee
kejvee nw. nce Yeejleere meveoer uesKeekeej mebmLeeve eje peejer uesKee hejer#ee ceevekeeW kes DeeOeej
hej uesKee hejer#ee kejles nQ. Fve uesKee ceevekeeW kes Devegmeej nceW vewefleke DeeJeMekeleeDeesb kee heeueve
kejvee neslee nw Deewj uesKee hejer#ee keer eespevee leweej kej uesKee hejer#ee kejveer nesleer nw leeefke en
helee ueieeee pee mekes efke keee efJeeere efJeJejCe efkemeer Yeewefleke ieuele keLeve mes cege nQ.
124
6.
Our responsibility is to express an opinion on these consolidated financial

statements based on our audit. We conducted our audit in accordance with
standards on auditing issued by the Institute of Chartered Accountants
of India(ICAI). 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
misstatements.
7. efJeeere efJeJejCeeW ceW ekeve Deewj jkece mes mebyebefOele uesKee hejer#ee mee#e eehle kejves mes mebyebefOele
keee&efJeefOe efve<heeefole kejvee uesKee hejer#ee ceW Meeefceue neslee nw. peeuemeepeer ee ieueleer kes keejCe
efJeeere efJeJejCeeW ceW Yeewefleke ieuele keLeve kee cetueebkeve kejves meefnle uesKee hejer#eke kes efveCe&e kes
DeeOeej hej egveer ieF& keee&efJeefOe DeeOeeefjle nesleer nw. es peesefKece cetueebkeve kejves kes efueS kebheveer keer
leweejer mes mebyebefOele Deebleefjke efveeb$eCeeW Deewj heefjefmLeefle efJeMes<e ceW Gefele uesKee hejer#ee keee&efJeefOe
leweej kejves kes efueS efJeeere efJeJejCeeW keer Gefele emlegefle nsleg uesKee hejer#ekeeW ves efJeeej efkeee nw.
Gheeesie ceW ueeF& ieF& veerefle keer Gheegelee kee cetueebkeve kejvee Deewj eyebOeve eje ueieeS ieS uesKee
DevegceeveeW kee Deewefele leLee Gmeer ekeej efJeeere efJeJejCeeW keer meceie leweejer kee cetueebkeve kejvee
Yeer uesKee hejer#ee ceW Meeefceue neslee nw.
7.
An audit involves performing procedures to obtain audit evidence about

the amounts and disclosures in the financial statements. The procedures
selected depend on auditors judgment, including the assessment of the
risk 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 companys preparation and fair presentation
of the financial statements in order to design audit procedures that are
appropriate in the circumstances. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of
the accounting estimates made by management, as well as evaluating the
overall presentation of the financial statements.
8. nce efJeeeme kejles nw efke nceW eehle mee#e nceejs uesKee hejer#ee DeefYecele kes efueS DeeOeej eoeve
kejves nsleg heee&hle Je Gefele nw.
8.
We believe that the audit evidence we have obtained is sufficient and

appropriate to provide a basis for our audit opinion.
Emphasis of Matters
ceeceueeW kee cenlJe

9. nceejs DeefYecele keer eesielee kes efyevee nce Oeeve Deekeef<e&le kejles nQ efke
9.
Without qualifying our opinion, we draw attention to
ke) cetue kebheveer kes mecesefkele uesKeeW kes meeLe mebueive Devegmeteer 18 keer efhheCeer eb. 4.2 ceW megjef#ele
DeJeceeveke DeeefmleeeW kes mebyebOe ceW eeJeOeeve keer uesKee veerefle ceW heefjJele&ve kes keejCe Je<e& kes
efueS cetue kebheveer kee efveJeue ueeYe (kej mes efveJeue) ` 18.86 kejes[ mes kece jne efpemekee
eYeeJe yeQke keer mecesefkele DeeefmleeeW Deewj oseleeDeesb hej Yeer he[e.
a)
Note No. 4.2 in Schedule 18 of the Parent annexed to consolidated

accounts regarding change in accounting policy of provisioning in
respect of secured sub-standard assets, due to which net profit (net
of tax) of the Parent for the year is lower by ` 18.86 crore with a
consequential effect on consolidated assets and liabilities of the bank.
Ke) mecesefkele uesKeeW kes meeLe mebueive cetue kebheveer kes Devegmeteer 18 ceW efhheCeer eb. 10.3
hees 409.90 kejes[ keer meercee leke yeQke keer heWMeve leLee Gheoeve oselee kes DeemLeieleve
keer JeeKee kejlee nw, efpemekee mebyebOe mejkeejer #es$e kes yeQkeeW kes kece&eeefjeeW kes efueS
heWMeve efJekeuhe ogyeeje Keesueves leLee Gheoeve meerceeDeesb ceW Je=ef- efJeJeskeer efJeefveeeceke
Gheeej hej Yee.efj.yeQke kes efoveebke 09 HejJejer 2011 kes heefjhe$e eb. [eryeerDees[er.[erheer.
yeermeer/80/21.04.018/2010-11 kes Devegmeej yeQkeeW kees uesKee ceeveke 15- kece&eejer ueeYe mes
mebyebefOele eeJeOeeveeW kees kejves mes t osves mes nw.
b)
Note No. 10.3 in Schedule 18 of the Parent annexed to consolidated

accounts which describes deferment of pension and gratuity liability of
the bank to the extent of ` 409.90 crores, pursuant to the exemption
granted by the Reserve Bank of India to the public sector banks from
application of the provisions of AS 15 Employee Benefits vide its
Circular DBOD.BP.BC/80/21.04.018/2010-11 of 9th February, 2011 on
Reopening of pension Option to Employees of Public Sector Bank and
Enhancement in Gratuity limits Prudential Regulatory Treatment.
Had the said Circular not been issued, the profit before tax of the Parent
Bank would have been lower by ` 409.90 crores pursuant to application of
the requirements of AS 15, the consequential effect of which has not been
ascertained on other related components of the financial statements.
eefo en heefjhe$e peejer veneR ngDee neslee lees cetue kebheveer kee kej hetJe& ueeYe uesKee ceeveke 15
ueeiet kejves kes heefjCeecemJehe ` 409.90 kejes[ mes kece neslee. Fmekee heefjCeeceer eYeeJe
efJeeere efJeJejCeeW kes Deve mebyebefOele IekeeW hej efveefele vener efkeee ieee nw.
DeefYecele
Opinion
10. nceves en heeee nw efke
10. We have observed that -
ke) cetue kebheveer kes mecesefkele uesKeeW kes meeLe mebueive Devegmeteer 18 keer efhheCeer eb. 9.5.4 - iele
Je<ees kes oewjeve Fuesefke^keue GhekejCeeW hej eYeeefjle DeefOeke cetueeme kee heefjCeece efveefele
veneR efkeee pee mekee.
a)
Note No. 9.5.4 in Schedule 18 of Parent annexed to consolidated

accounts regarding excess charging of depreciation in earlier years by
the Parent on 'Electrical Equipments', the impact of which is not yet
ascertained.
Ke) mecesefkele KeeleeW mes mebueive DevegyebOe 18 kes vees eb. 9.3 ceW efkees iees GuuesKe kes Devegmeej
keg DeeefmleeeW/ oseleeDeesb, meceeMeesOeve kes DeblejeW, Deblej MeeKee KeeleeW/ efmLej DeeefmleeeW kes
Deblej MeeKee DeblejCeeW Deewj efmLej DeeefmleeeW hej cetueeme kes eYeej kes melele meceeOeeve
keer eefeee kes keejCe GlheVe nes mekeves Jeeues meceeeespeveeW kee KeeleeW hej he[ves Jeeuee
heefjCeecekeejer eYeeJe efveOee&jCe eesie veneR nQ.
b)
the effect of adjustments that may arise from the ongoing reconciliation
of certain assets/liabilities, clearing differences, inter branch accounts/
inter branch transfer of fixed assets and charge of depreciation on
fixed assets, (as stated in Note No. 9.3 of Schedule 18 of the Parent
annexed to consolidated accounts ), the consequential impact whereof
on the accounts is not ascertainable.
ie) cetue yeQke ves cenlJehetCe& uesKeebkeve veerefleeeW mes mebyebefOele mecesefkele legueve he$e mes mebueive Devegmeteer
17 kes hewje e. 6.1 ceW efkees iees GuuesKe kes Devegmeej Gheefele DeeOeej kes yepeeS keceerMeve,
uee@kej efkejeee Deeefo mes nesves Jeeueer Deee kes vekeoer DeeOeej hej DeefYeefveOee&jCe keer veerefle
Deheveeeer nw pees Yeejleere meveoer uesKeekeej mebmLeeve eje peejer uesKee ceeveke - 9 jepemJe
efveOee&jCe kes Deveghe veneR nw.
c)
the Parent is following the policy of recognizing the income from

commission, locker rent etc. on cash basis during the year, instead
of accrual basis as stated in para no. 6.1 of Schedule 17 Significant
Accounting Policies annexed to consolidated accounts which are not
in conformity with the 'AS 9 - Revenue Recognition', issued by ICAI.
Subject to our observations above, in our opinion, and to the best of our
information and according to the explanations given to us and as shown by
the books of the Group :-
nceejs Ghejese DeJeueeskeveeW kes DeOeerve nceejer jee ceW nceejer DeefOekelece peevekeejer Deewj nceW eoe
mheerkejCeeW Je mecetn keer yeefneeW ceW oMee&S Devegmeej:
i.
The Consolidated Balance Sheet, read with the notes thereon and
Statement of Significant Accounting Policies is a full and fair Balance
Sheet containing the necessary particulars and is properly drawn up
so as to exhibit the true and fair state of affairs of the Group as at
31st March, 2011 in conformity with accounting principles generally
accepted in India;
mecesefkele ueeYe Je neefve uesKee Deewj Gme hej keer ieeer efhheefCeeeW leLee cenlJehetCe& uesKee veerefleeeW
kee efJeJejCe ueeYe kee mener Mes<e oMee&lee nw pees KeeleeW eje keJej efkeS Je<e& kes efueS Yeejle ceW
meeceeve he mes mJeerkeee& uesKeebkeve kes efmeebleeW kes Deveghe nw Deewj
ii.
The Consolidated Profit and Loss Account, read with the notes thereon
and Statement of Significant Accounting Policies shows a true Balance
of Profit, in conformity with accounting principles generally accepted in
India, for the year covered by the accounts; and
iii. vekeoer eJeen efJeJejCe Gme efoveebke kees meceehle Je<e& kes efueS mecetn kes vekeoer eJeen kee mener
iii.
the Consolidated Cash Flow Statement gives a true and fair view of the
cash flows of the Group for the year ended on that date.
i.
mecesefkele legueve he$e, GmeceW oer ieF& efhheefCeeeW Deewj cenlJehetCe& uesKee veerefleeeW kes efJeJejCe
meefnle heefjhetCe& Deewj mecegefele legueve he$e nw efpemeceW meYeer DeeJeMeke yeewjeW kee meceeJesMe nw
Deewj Jen Yeejle ceW meeceeve he mes mJeerkeee& uesKee efmeebleeW kes Devegmeej Fme {bie mes yeveeee
ieee nw efke Gmemes mecetn kes 31 ceee&, 2011 kes JeJenejeW kee mener efe$e meeceves Dee mekes.
ii.
Je Gefele efe$e emlegle kejlee nw.
125

Report on Other Legal & Regulatory Requirements
Deve efJeefOeke Deewj efJeefveeeceke DeeJeMekeleeDeesb hej efjhees&

11. mecesefkele legueve he$e Deewj mecesefkele ueeYe Je neefve Keelee yeQefkebie efJeefveeceve DeefOeefveece 1949 kes
leermejs Keb[ kes eceMe: Hee@ce& ke leLee Ke kes Devegmeej leweej efkeee ieee nw.
11. The Consolidated Balance Sheet and Consolidated Profit & Loss Account
have been drawn up in accordance with Forms A and B respectively of the
Third Schedule to the Banking Regulation Act, 1949.
12. Ghee&ge heefjso 1 mes 8 ceW Fbefiele uesKee hejer#ee keer meerceeDeesb kes DeeOeej hej leLee yeQefkebie kebheefveeeb
(GheeceeW kee DeefOeienCe Je Depe&ve) DeefOeefveece, 1970/1980 eje Dehesef#ele leLee GmeceW Dehesef#ele
ekeerkejCe keer meerceeDeesb kes DeOeerve efvecveefueefKele kes DeOeerve nce efjhees& kejles nQ efke :
12. Subject to the limitations of auit indicated in paragraph 1 to 8 above

and as required by the Banking Companies (Acquisition and Transfer
of Undertakings) Act, 1970/1980, and subject also to the limitations of
disclosure required therein, we report that:
ke. nceejer peevekeejer Deewj efJeMJeeme kes Devegmeej uesKee hejer#ee kes eeespeve kes efuees pees
mheerkejCe Je meteveeSb DeeJeMeke LeeR, Jen nceves eehle keerb Deewj nceves GvnW meblees<epeveke
heeee.
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.
Ke. mecetn kes keeee&ueeeW Je MeeKeeDeesb mes eehle efJeJejefCeeeb nceejs uesKee hejer#ee kes eeespeve nsleg
heee&hle heeeer ieF.
b.
The returns received from the offices and branches of the Group have
been found adequate for the purpose of our audit.
ie. nceejer jee ceW mecesefkele legueve he$e, mecesefkele ueeYe neefve uesKee Je mecesefkele vekeoer eJeen
efJeJejCe ueeiet uesKee ceevekeeW kes Deveghe nQ.
c.
In our opinion, the Consolidated Balance Sheet, Consolidated Profit

and Loss Account and Consolidated Cash Flow Statement comply with
the applicable Accounting Standards.
ke=les js Sb[ keb.
For Ray & Co.
SHeDeejSve 305123F&
SHeDeejSve 313124F&
FRN: 305123E
FRN: 313124E
meveoer uesKeekeej
meveoer uesKeekeej
For Jodh Joshi

And Co
For JCR & Co.
FRN :105270W
meveoer uesKeekeej
FRN: 104317W
meveoer uesKeekeej
(cekejbo peesMeer)
For N.Kumar Chhabra
& Co.
FRN: 006791N
FRN : 000837N
meveoer uesKeekeej
meveoer uesKeekeej
(Sme.kes.eJeefjee)
Yeeieeroej
(megyelee je@e)
(Subrata Roy)
Yeeieeroej
(Makarand Joshi)
Yeeieeroej
Yeeieeroej
Yeeieeroej
Yeeieeroej
(Partner)
(Partner)
(Partner)
(Partner)
(Partner)
(Partner)
meomelee e.008482
meomelee e.051205
meomelee e.047196
meomelee e.129055
meomelee e.080496
meomelee e.084906
(Amit Tanpure)
(veJelespe kegceej)
(Navtej Kumar)
(mebpee pewve)
(Sanjay Jain)
mLeeve : hegCes
efoveebke : Deewue 30, 2011
Place : Pune
Date : April 30, 2011
126
Dr. Subir Gokarn, Deputy Governor of Reserve Bank of India inaugurating

Bank's rst SHG Branch at Hadapsar near Pune on 09.01.2011.
efoveebke 09.01.2011 kees HegCes kes Heeme n[Hemej ceW yeQke keer Henueer mJe meneelee mecetn MeeKee
kee GodIeeve kejles ngS [e@. megyeerj ieeskeCe&, ef[Her ieJeve&j, Yeejleere efjpeJe& yeQke.
ceneje<^ ieeceerCe yeQke (Scepeeryeer), yeQke Dee@He ceneje<^ odJeeje Heeeesefpele

#es$eere ieeceerCe yeQke ves efoveebke 01 ceee& 2011 kees 100 HeefleMele meeryeerSme
kes keeee&vJeeve kee ue#e HeeHle efkeee. [e@. kes. meer. eeJeleea, ef[Her ieJeve&j,
Yeejleere efjpeJe& yeQke, "eCes ceW 100 HeefleMele meeryeerSme kes keeee&vJeeve kee
GodIeeve kejles ngS.
Maharashtra Gramin Bank (MGB), the Regional Rural Bank
sponsored by Bank of Maharashtra has achieved 100% CBS
on 1st March 2011. Dr. K. C. Chakrabarty, Deputy Governor,
RBI inaugurating the 100% CBS roll out at Thane.
efJeeere Je<e& kes oewjeve yeQke ves mebHetCe& osMe ceW 83 veF&
MeeKeeSb Keesueer. Deye yeQke keer kegue 1536 MeeKeeSb nwb.
eer vecees veejeeCe ceerCee, efJee jepeceb$eer, jepemLeeve ceW
yeQke keer peeefnje MeeKee kee GodIeeve kejles ngS.
Bank opened 83 new branches across the
country during the nancial year, taking the
total to 1536. Shri. Namo Narayan Meena,
Union Minister of State for Finance inaugurating
Banks Jahira Branch in Rajasthan.
127
Bharat Ratna Dr. Babasaheb Ambedkar Annual Rolling Trophy for excellent
performance in disbursement and recovery of advances to SC, ST Community
is constituted by Bank. The rst Annual Rolling Trophy was presented at the
hands of Shri. S. Karuppasami, Executive Director, RBI to Umbrale Branch
(Nasik) staff on 14.04.2011.
Devegmetefele peeefle/pevepeeefle mecegoee kees $e+Ce mebefJelejCe SJeb Gmekeer Jemetueer ceW Glke=<
keee&efve<Heeove nsleg yeQke eje Yeejlejlve [e@. yeeyeemeensye Deebyes[kej jeseEueie ê@Heer DeejbYe
keer ieF&. Je<e& 2010-11 kes efueS Henueer jeseEueie ê@Heer Yeejleere efjpeJe& yeQke kes keee&Heeueke
efveosMeke eer Sme keHHee meeceer, kes kejkeceueeW mes efoveebke 14.4.2011 kees GbyejeUs MeeKee
(veeefMeke) kees Heoeve keer ieF&.
yeQke eje keejesyeej HeejbYe keer 76 JeeR Je<e&ieeb" kes DeJemej Hej efoveebke
08.02.2011 kees HegCes ceW Yeejle mejkeej eje HeejbYe keer ieF& DeeOeej eespevee
kes jefpemêj kes He ceW eer S. Sme. Yeeeee& veeceebkeve Heefeee kee MegYeejbYe
kejles ngS.
As registrar to Unique Identication Scheme, "Aadhaar",
launched by Govt of India, Shri. A. S. Bhattacharya inaugurating
registration on 08-02-2011, at Pune, coinciding with the 76th
anniversary of commencement of business by the Bank .
DeOe#e Je HeyebOe efveosMeke eer S. Sme. Yeeeee&, keee&Heeueke efveosMeke

eer Sce. peer. mebIeJeer ves efJeeere Je<e& 2010-2011 kes efueS ` 105.93 kejes[ kee
ueeYeebMe (` 76.34 kejes[ FefkeJeer Hetbpeer Hej Deewj ` 29.59 kejes[ DeefOeceeve
Hebtpeer Hej) efoveebke 04.07.2011 kees kesvere efJee ceb$eer [e@. HeCeJe cegKepeea kees
vee@Le& yuee@ke, veF& efouueer ceW meeQHee. yeQke ves ueeYeebMe efJelejCe kej kes He ceW
` 20.92 kejes[ kee Yegieleeve Yeer mejkeejer Kepeeves kees efkeee. eer MeefMekeeble
Mecee& meefeJe efJeeere mesJeeSb, efJee ceb$eeuee Yeer Fme DeJemej Hej GHeefmLele Les.
Shri. A. S. Bhattacharya, Chairman & Managing Director, Bank
of Maharashtra, accompanied by Shri. M. G. Sanghvi, Executive
Director handing over Dividend of ` 105.93 crore (` 76.34 crore
on equity capital and ` 29.59 crore on preference capital) to
Dr. Pranab Mukherjee, Union Finance Minister at North Block,
New Delhi on 4.07.2011 for the nancial year 2010-11. Bank has
also paid ` 20.92 crore towards the Dividend Distribution Tax
to the exchequer. Shri. Shashikant Sharma, Secretary Financial
Services, MOF was also present on the occasion.
128

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Annual Report 2010-11

he= e. / Page No.

DeOe#e Je eyebOe efveosMeke kee Yee<eCe

Chairman & Managing Director's Address

efveosMekeeW keer efjhees&

eyebOeve eee& Deewj efJeMues<eCe

Management Discussion and Analysis

mLetue DeeefLe&ke Deewj ceewefke JeeleeJejCe

Macro Economic and Monetary Environment

yeQke kee keee& efve<heeove

Performance of the Bank

mebie"ve Deewj meceLe&ve eCeeueer

Organisation and Support System

yeQke keer cenlJehetCe& eespeveeSb/heefjeespeveeSB

Important Schemes / Projects of the Bank

mebmLeeiele meeceeefpeke oeefelJe

Corporate Social Responsibility

meneeke kebheefveeeb, mebegkele Gece Deewj eeeesefpele mebmLeeve

Subsidiaries / Joint Ventures and Sponsored Institutions

jepeYee<ee veerefle kee keeee&vJeeve

Implementation of Official Language Policy

efveosMekeeW keer efpeccesoejer kee keLeve

Directors' Responsibility Satement

efveosMeke ceb[ue ceW heefjJele&ve

Changes in the Board of Directors

kee@heexjs ieJevexvme hej efhheCeer

Note on Corporate Governance

ueeYe Je neefve uesKee

Profit and Loss Account

cenlJehetCe& uesKee veerefleeeB

Significant Accounting Policies

uesKeeW hej efhheefCeeeB

vekeoer eJeen efJeJejCe

Cash Flow Statement

uesKee hejer#ekeeW keer efjhees&

Consolidated Financial Statement of the Bank

10. yeQke kee mecesefkele efJeeere efJeJejCe

mebJewOeeefveke uesKee hejer#eke STATUTORY AUDITORS

peesOe peesMeer Sb[ keb.

B. Chhawchharia & Co.

Ray & Co.

Jodh Joshi And Co

pesmeerDeej Sb[ keb.

Sve. kegceej eye[e Sb[ keb.

[erSmeheer Sb[ SmeesefmeSmed

JCR & Co.

N.Kumar Chhabra & Co.

DSP & Associates

Jeeef<e&ke efjhees& 2010-11

Annual Report 2010-11

eer Depee Sme. yevepeea

eer yeer. kes. efhehejwee

eer kes. Se. JePes

eer Jeer. F&. oueJeer

eer Jeer. Jeee. eheskej

eer Deej. Se. keguekeCeea

eer Sce. Jeer. {esyeues

eer Sce. meer. ieeseue

eer Sme. [er. Deeee&

eer Jeer. Deej. ieghlee

eer heer. Sme. JeWietuexkej

eer kes. heeLe&meejLeer