1-120 2006

yeQke Dee@]He Fbef[ee BANK OF INDIA
| Jeeef<e&ke efjHees& | Annual Report | 2006-2007
DeOe#e SJeb eyebOe efveosMeke kee JekeleJe
CHAIRMAN & MANAGING DIRECTORS STATEMENT
efee MesejOeejkeeW,
Dear Shareholders,
31
ceee&, 2007 kees meceeHle Je<e& kes efueS yeQke kes efveosMeke ceb[ue keer efjHees& DeeHekees
emlegle kejles ngS cegPes yengle emeVelee nes jner nw ~
I have great pleasure in presenting before you the report of the Board of
Directors of your Bank for the year ended 31st March, 2007.
neue ner ceW iegpejs Je<e& ceWb DeeHekes yeQke ves DeHeves GsMeHetCe& DeefmlelJe kes 100 Je<e& 7 efmelebyej,
2006 kees Hetjs kejles ngS Ske Jeebveere Ssefleneefmeke GHeueeqyOe eeHle keer nw~ Meleeyoer
meceejesneW kee meceeHeve meceejesn ieewjJeHetCe& {bie mes efJe%eeve YeJeve, veF& efouueer ceW 25 Deiemle,
2006 kees ceveeee ieee ~ Yeejle kes ceneceefnce je^Heefle [e@. S.Heer.pes. Deyogue keueece cegKe
DeefleefLe Les~ meceejesn ceW ceeveveere efJee ceb$eer eer Heer. efeobyejce SJeb ceeveveere efJee jepeceb$eer
eer Heer.kes. yebmeue keer ieefjceeHetCe& GHeefmLeefle jner~ Fme DeJemej Hej yeQke kes 100 Je<eeX kes
GsMeHetCe& DeefmlelJe kees eoefMe&le kejves Jeeueer Ske Hegmleke kee efJeceeseve Yeer efkeee ieee~
Yeejle kes ceneceefnce je^Heefle ves DeYee kee MegYeejbYe efkeee pees yeQke eje yeveeee ieee
Ske ^m nw efpemekes lelJeeJeOeeve ceW $eCe HejeceMeea mesJeeSB oer peeSbieer ~ Yeejle ceW en DeHeveer
ner lejn keer Henueer MegDeele nw~ en eenke kee Oeeve jKeves Jeeueer DeveesKeer eespevee nw~
keee&ece ceW Deer GHeefmLeefle DeeOeej mlej Hej osMeYej ceW yeQke kes efueS Deer YeeJevee
kees oMee&leer nw~ Fmemes nceW meYeer efveJesMekeeW kes eefle mJeeb kees Deewj meceefHe&le kejves ceW ceoo
efceueer~ Ssmes eeoieej DeJemej keg ner mebieveeW kes peerJevekeeue ceW Dee Heeles nQ ~
In the year just gone-by, your Bank crossed an enviable milestone of 100
years of its purposeful existence on 7th September 2006. The grand finale
of the celebrations took place in a glittering ceremony at Vigyan Bhavan,
New Delhi on August 25, 2006. His Excellency Dr. APJ Abdul Kalam,
President of India was the Chief Guest. Honble Finance Minister, Shri P.
Chidambaram and Shri P. K. Bansal, Honble Union Minister of State for
Finance also graced the occasion. A treatise on the bank covering 100
years of purposeful existence was released on the occasion. Honble
President of India also launched ABHAY, a trust formed by the bank
under the aegis of which Credit Counseling Services will be offered. It
was the first such initiative by a bank in India - a unique programme in
customer care. The well attended function underscored the groundswell
of good feeling for the bank all over the country. It helped us to rededicate
ourselves for furthering the cause of all stakeholders. Such a momentous
occasion comes in the life of very few organizations.
DeeHekes yeQke ceW en Ssefleneefmeke GHeueeqyOe eyebOeve keer efJeJeskeHetCe& veerefleeeW, kece&eeefjeeW keer
eefleyelee Deewj Fmemes Yeer keneR peeoe Gve cepeyetle efjMleeW mes mebYeJe ngF& pees DeeHekes yeQke kes
meeLe meYeer efveJesMekeeW kes nQ~ eenkeeW eje efoS ieS eegj mebj#eCe ves Jele&ceeve yeQefkebie HeefjMe
ceW yeQke kees Jele&ceeve eeOeeve efmLeefle ceW HengBeeee nw~ Fme leLe kees DeHeves ceve ceW jKeles ngS
peye nceves efleere Meleeyoer ceW HeoeHe&Ce efkeee lees nceves eenkeeW kes meeLe DeHeves mebyebOeeW kees
Deewj eiee{ yeveeves kes efueS Deewj efjMleeW keer peceeHetBpeer kes cetue lelJe kee Heeueve kejves
nsleg mJeeb kees Hegve meceefHe&le efkeee~
This landmark journey was made possible in your Bank through the prudent
polices of Management, commitment of the employees and above all strong
relationships, which all the stakeholders have with your Bank. The unstinted
patronage extended by the customers has taken the Bank to its present
predominant position in the Indian Banking Scenario. Keeping this in mind,
this year when we embark on our journey in the second centenary, we
rededicate ourselves to further strengthening the bond with the customers
and adhering to the theme Relationships beyond Banking.
cepeyetle cesees Fkee@vee@efceke lelJeeW Hej meJeej Yeejleere DeLe&JeJemLee ves efJeeere Je<e& 2006- Riding on strong macro economic fundamentals, Indian Economy
continued to be on the upswing in the financial year 2006-07. This was
07 ceW DeHeveer eieefle ee$ee peejer jKeer~ Fmes mesJee #es$e ceW Je=ef Deewj Deeweesefieke
fuelled by sustained growth in services sector
#es$e ceW yesnlej keee&efve<Heeove ves Deewj ieefle eoeve keer~
mekeue keejesyeej (. kejes[)
and improved performance in industrial sector.
Yeejle efveJesMe kes efueS eeLeefcekelee Jeeuee kesv yevee
GROSS BUSINESS (RS. CRORE) 206673
India continued to retain its flavour as preferred
jne Deewj FmeefueS Je<e& Yej HetBpeer SJeb efJeosMeer efveJesMe
investment destination and therefore capital
kee eJeen GuueemeHetCe& yevee jne~ osMe ceW yegefveeeoer
and foreign investment inflows remained
160594
mebjevee kee #es$e eeLeefcekelee Jeeuee yevee jne Deewj
buoyant throughout the year. Infrastructure
135939
neue ner kes efHeues mecee ceW Fme Hej Oeeve keseqvle
continues to be the priority area for the country
and the focused attention it has got in the recent
kejves mes Fme cenlJeHetCe& #es$e ceW osMe ves ye[er eieefle
past has seen the country making great strides
keer nw~ leLeeefHe GuueemeHetCe& DeLe&JeJemLee Hej kesJeue
on this important front. Inflationary pressures
cegemHeerefle ves keg efJemebiele eYeeJe [euee~
however created the only discordant note in
the otherwise buoyant economy.
meg{ Yeejleere DeLe&JeJemLee eje GlHeVe DeJemejeW kee

The opportunities thrown open by the robust
ueeYe DeeHekes yeQke eje HetCe& He mes Geee ieee~ yeQke
2004-05
2005-06
2006-07
Indian Economy were fully exploited by your
kes JeJemeee ceW 29% keer Je=e
f ngF& Deewj en . 160594
Bank.
Total
business
of
the
Bank grew by 29% from Rs. 160594 crore to
kejes[ mes ye{kej . 206673 kejes[ nes ieee~ keeHeexjs, Kegoje SJeb cetueYetle DeeJeMeke
Rs. 206673 crore. The growth in advances outpaced the growth in deposits
megefJeOee kes #es$eeW ceW cepeyetle $eCe ceebie kes keejCe DeefeceeW ceW Je=ef keer ieefle peceeJe=ef mes
due to strong credit demands from corporate, retail and infrastructure
DeefOeke jner ~ Jewefeke mekeue Deefece 30% ye{kej . 86791 kejes[ nes ieS ~ Jewefeke segments. Global gross advances grew by 30% to Rs. 86791 crore. Global
peceejeefMeeeB 28% mes ye{kej . 119882 kejes[ nes ieF& ~ ueeYe ceW 60% keer Je=ef ngF& deposits grew by 28% to reach a level of Rs. 119882 crore. Profit surged by
Deewj ceee&, 2006 kes . 701 kejes[ mes ye{kej en ceee&, 2007 ceW . 1123 kejes[ nes 60% - from Rs. 701 crore in March 2006 to Rs. 1123 crore in March, 2007.
ieee ~ en yeQke kee Deye leke kee meJee&efOeke ueeYe nw ~
This was an all time high profit recorded by your Bank.
legueveHe$e kes DeeBke[s mebieve keer cepeyetleer kees eoefMe&le kejles nQ Hejvleg Gvemes Hetjer lemJeerj
ncesMee mHe veneR nesleer nw keeeWefke Ssmes keF& Deeke leLe nesles nQ pees DeeBke[eW ceW eefleefyeeqcyele
veneR nQ ~ yeerles mecee ceW DeeHekes yeQke ves mJeeb kees eeflemHeOeea yeveeves Deewj melele HeefjJele&veMeerue
Balance Sheet figures signify the strength of the organization buy they
always do not reflect the full picture, as there are many latent factors,
which do not get mirrored in figures. In the past your Bank has taken
JeeJemeeefeke JeeleeJejCe ceW meefee yeveeS jKeves kes efueS keF& GHeee efkeS nQ~ HetJe& ceW efkeS
ieS DeeOeejYetle keee& mes nceejs meceke#e yeQkeeW kes ceOe nceW keF& ueeYe ngS nQ~ en ieewjJe keer
yeele nQ efke Deepe DeeHekes yeQke ves GlHeeo, yeepeej ceW eYeeJeMeeruelee, mebHekeea eyebOeve kes efueS
keF& veF& HenueW keer nQ Deewj Fve meyemes ye{kej eefleeesefielee kee meecevee kejves keer eJe=efle yeveer
nQ~ pewmes-pewmes nce Deeies ye{ jns nQ, nce Deewj meeceLe&Jeeve yeve jns nQ efpemekee eefleefyecye
Deeves Jeeues Je<eeX ceW efoKeeF& osiee~
many steps to make itself competitive and alive to the ever-changing

business environment. The groundwork done in the past has endowed us
with many advantages amongst our peers. Today your Bank boasts of
many new initiatives in product offerings, market penetration, relationship
management and image building and above all an attitude of taking the
competition head on. As we continue to walk the talk, we are growing
from strength to strength that will get reflected in the coming years.
keercele-ueeiele Deblej kees yesnlej yeveeves kes GsMe mes yeQke ves efveefOe keer ueeiele kece kejves kes
efueS kece ueeiele keer peceejeefMeeeW kees peesjoej {bie mes pegevee SJeb Kegoje leLee
SmeSceF& $eCe Hej Oeeve keseqvle kej DeefeceeW Hej eefleHeue ceW Je=ef kes DeHeves oesnjs
efkeesCe kees peejer jKee~ Deepe nceejer kece ueeiele keer peceejeefMe, kegue peceejeefMe kee
40% nw Deewj cegPes en metefele kejles ngS emeVelee nes jner nw efke uecyes Deblejeue kes HeMeele
DeeHekee yeQke DeHeveer eeuet peceejeefMeeeW kes mebefJeYeeie ceW Je=ef kejves ceW meceLe& ngDee nw ~
eeefHe, Fme Je<e& nceves osKee nw efke yeepe ojW lespe ieefle mes Gej efoMee ceW ye{er nQ, HeefjCeecele
Deewj DeefOeke kece ueeiele keer peceejeefMe pegeves kes nceejs meesleve eeemeeW mes nceejer peceejeefMe
keer ueeiele kesJeue 26 yeerHeerSme mes ye{kej 4.31% ngF& nw~
1000 meMekele efyeeer oueeW kes meceLe&ve Deewj 22 efJeMes<eerke=le Kegoje nye kes vesJeke& kes
ceeOece mes yeQke ves Jeweeqkeleke $eCe GlHeeoeW kee peesjoej {bie mes efJeHeCeve efkeee nw ~ GlHeeo
ef[peeFve ceW efvejblej mebMeesOeve, ueeYe Depe&ve kejves keer DeJeefOe kee keesjleeHetJe&ke Heeueve SJeb
meJeexHeefj eenkees kees Deblele megefJeOee osves kes efueS Gvekes ej Hej peeves keer keee&veerefle mes
nceeje Kegoje $eCe lespeer mes 35% ye{kej 17427 kejes[ ngDee nw~ SmeSceF& kes ceesex Hej
Fmeer ekeej keer keej&JeeF& mes, keejesyeej yeQeEkeie efyeeer oueeW, keuemj DeeOeeefjle eespeveeDeeW
SJeb lJeefjle mJeerke=efle nsleg SmeSceF& ke#eeW kes meceLe&ve eje, 22% keer esme Je=ef mebYeJe ngF&
nw~ Fve HenueeW kes keejCe nceW DeefeceeW Hej 94 yeerHeerSme kee yesnlej eefleHeue SJeb 3.20% keer
Gelece efveJeue yeepe ceeefpe&ve eeHle nes mekeer nw~
ke=ef<e kes meeLe eeLeefcekelee eeHle #es$e DeeHekes yeQke kee efJeeereve kes efueS ncesMee ner DeefOeceeve
#es$e jne nw~ en DeefOeceevelee nceejs Fme efJeeeme mes GHepeer nw efke Fve meskejeW ceW efJeeereve
kejvee esme keejesyeej DeeOeej nw ~ keg DeLe&Meeeer SJeb yeepeej efJeMes<e%eeW ves Deye efHejwefce[
keer leuener ceW mebHeefe keer Keespe keer nw peyeefke DeeHekee yeQke Henues mes ner Ssmee kej jne nw
Deewj FmeefueS nceeje eeLeefcekelee eeHle #es$e DeeOeej meceeeesefpele efveJeue yeQke $eCe kes 45%
nw Deewj nceejs . 11289 kejes[ kes ke=ef<e Deefece meceeeesefpele efveJeue yeQke $eCe kes
18.51% nw - oesveeW Yeer ue#e mes keeHeer DeefOeke nw~
Devepe&ke DeeefmleeeB, eeefHe Ske keejesyeej DeJejesOe nw pees ueeYekeeefjlee meesKe uesleer nQ Deewj
Dele Fmekeer melele peeBe keer peeleer nw~ ceQ DeeHekees men<e& metefele kejlee ntB efke nceves DeHeves
SveHeerS mebefJeYeeie kee eyebOe keeHeer Des {bie mes efkeee nw Deewj DeeefmleeeW keer iegCeJeee ceW
HeefjCeecele megOeej ngDee nw~ meYeer GHeueyOe GHeeeeW keer meneelee mes pewmes keesj $eCe
DevegeJele&ve, KeeleeW kee eesVeeve, mecePeewles, #ele efJe#ele DeeefmleeeW kee efveHeeve, vekeo JemetefueeeB
Deewj SmeSDeejSHeSF&SmeDeeF& DeefOeefveece kes Debleie&le eJele&ve mes nceW mekeue SveHeerS kees ceee&,
2006 kes 3.72% mes 2.42% leke ueeves ceW meneelee eeHle ngF& nw Deewj efveJeue SveHeerS ceee&
2006 kes 1.49 mes Iekej 0.74% nes ieee~ nceeje eeJeOeeve keJejspe DevegHeele pees 31.03.2005
kees kejerye 50% Lee, Deye 70% kes kejerye HengBe ieee nw~ nceves HeefjeceHetJe&ke Fme meHeuelee
kees eeHle efkeee nw, nce Deye Fme efmLeefle ceW Deewj megOeej kejves kes efueS eeeme kej jns nQ~
Deepe eeweesefiekeer keejesyeej kee ecegKe esjke nw~ en kesJeue megefJeOeekeej kes He ceW keee&
veneR kejlee nw yeefuke GlHeeokelee ye{elee nw Deewj mebJeJenej ueeiele kees kece kejlee nw~
eLee ceee&, 2007 leke, 1044 MeeKeeSb, efpeveceW yeQke kee 85% keejesyeej neslee nw, keesj
yeQefkebie meesuetMeve kes Debleie&le Dee egkeer nQ Deewj Fme efJeeere Je<e& kes Deble leke Deewj 500
MeeKeeSb FmeceW Meeefceue kejves keer eespevee nw~ efJeosMeer keejesyeej mebJeJenej Deueie vesJeke&
mes peg[e nw efpemekee nye efmebieeHegj ceW nw~ yeQke kes [ee meWj kees eefleefle DeeFSmeDees
27001:2005 eceeCeHe$e metevee eeweesefiekeer nsleg Debleje&êre ceevekeeW kes DevegHe nesves kes
HeuemJeHe eeHle ngDee nw~ DeeHekees en peevekej emeVelee nesieer efke DeeHekee yeQke mejkeejer
#es$e kes yeQkeeW kes yeere Henuee Ssmee yeQke nw efpemeves en eslee eeHle keer nw ~
In order to improve the spreads, the Bank continued with its two-pronged
approach of reducing the cost of funds by aggressively going in for low
cost deposits and increasing the yield on advances by focusing on Retail
and SME credit. Today our low cost deposits constitute 40% of our total
deposits and I am happy to report that after a long hiatus your Bank has
been able to increase its Current deposits portfolio. Although this year we
witnessed interest rates moving northwards in an accelerated pace, our
conscious efforts towards garnering more low cost deposits saw our cost
of deposits increasing by a mere 26 bps to 4.31%.
Supported by a 1000 strong sales force, and a network of 22 specialized
Retail Hubs, the Bank aggressively marketed personal loan products.
With continuous modification in product design, strict adherence to turn
around time and above all the stratagem for giving the ultimate convenience
to the customers by going to their doorsteps, our retail credit spurted by
35% to 17427 crore. A similar action on SME front, supported by business
banking sales force, cluster based schemes and SME cells for faster
sanction, facilitated a robust growth of 22%. Due to these initiatives, we
could account for an improved yield of 94 bps on advances and higher net
interest margin of 3.20%.
Priority Sector including Agriculture has always been a preferred area of
financing for your Bank. This preference stems from our belief that
financing to these sectors is a sound business proposition. Some economists
and marketers are now finding wealth at the bottom of the pyramid, whereas
you Bank has always lived with this and that is why our Priority Sector
Credit constitutes 45% of adjusted Net Bank Credit and our Agricultural
Advances at Rs. 11289 crore constitute 18.51% of adjusted Net Bank Credit
- both much above the prescriptions.
Non performing Assets, although a business hazard are a drain on
profitability and were therefore under constant scrutiny. I am extremely
happy to inform that we have done exceedingly well in managing our
NPA portfolio and consequent improvement in asset quality. Exploiting
all available avenues like strict credit monitoring, up gradation of accounts,
compromise, disposal of impaired assets, cash recoveries and enforcements
under SARFAESI Act helped us to reduce our Gross NPAs to 2.42% from
3.72% at March 2006 and Net NPAs to 0.74% from 1.49% at March 2006.
Our provision coverage ratio, which was around 50% on 31.3.2005, has
now reached about 70%. Having studiously scripted this success, we are
now working on further improving this position.
Today technology is the key driver of the business. It not only acts as a
facilitator, but also increases productivity and reduces transaction costs.
As of March 2007, 1044 branches, covering about 85% business of the
Bank, are on Core Banking Solution with plans of adding 500 more
branches by the end of this fiscal. Overseas business transactions ride a
different network, which has a hub at Singapore. Banks data center has
been awarded the prestigious ISO 27001:2005 certificate for being in
conformance with the International Standards for Information Security.
You will be glad to know that your Bank is one of the first among public
sector banks to achieve this distinction.
JewkeefuHeke efJelejCe ewveue Oeerjs-Oeerjs cenlJe eeHle kej jns nQ keeeWefke Jes eenke kees keeHeer
megefJeOee eoeve kejves kes meeLe ner eoeve kejves Jeeues keer ueeiele kece kejles nQ ~ vees GlHeeo
efpeveceW Oevees<eCe (osMeer SJeb efJeosMeer) Deewj keeHeexjs mebJeJenej kes meeLe ner meeKe He$e Meeefceue
nQ, peejer efkees iees nQ~ Fbjves kes ceeOece mes Dee@veueeFve mebJeJenejeW kee ienve eeesie Meg
efkeee ieee nw pewmesefke GHeYeeskelee efyeue Yegieleeve, nJeeF& ee$ee yegeEkeie, Dee@veueeFve Mesej
^seE[ie Deeefo meceLe& keer ieF& nw ~ nceeje Fbjves yeQeEkeie Hees&ue Yeer eenkeeW kees Gvekeer
megefJeOee kes mecee Je mLeue Hej Keelee osKeves Deewj mebJeJenej kejves keer megefJeOee eoeve kejlee
nw ~ yeQke kes 337 SerSce nQ, Fmekes DeueeJee Yeeieeroejer vesJeke& kes peefjS yeQke kes eenkeeW
nsleg 16000 SerSce keer megefJeOee GHeueyOe nw ~
Alternative delivery channels are slowly graining importance as they

provide great convenience to the customers besides adding to convenience
and cutting costs for the provider. New products covering Remittances
(domestic and International) and Corporate Transactions including letter
of credit have been rolled out. Extensive use of online transactions through
internet such as utility bill payment, air ticket booking, online share trading
etc. have been enabled. Our internet banking portal also allows the
customers to view and transact business at the place and time of their
choice. Bank has 337 ATMs besides our 16000 ATMs, available to the
customers through shared network with the Bank.
eeweesefiekeer kee Hetje meogHeeesie kejves kes efueS, efJeefJeOe yewke Dee@efHeme HeefjeeueveeW kees kesverke=le
efkeee ieee nw ~ DeeHekees en peevekej emeVelee nesieer efke 37 kesveW Hej 70% mes peeoe yeQke
Dee@efHeme keee&keueeHeeW kees Deepe kesverke=le efkeee pee egkee nw ~ Fmemes GlHeeokelee ceW
megOeej ngDee nw Deewj HeefjCeecele meHe-meomeeW kees Gve keeeeX mes nekej eenkeesvcegKeer
keee&keueeHeeW ceW ueieeee ieee nw ~
To exploit the full potential of technology, centralization of various back

office operations has been put in place. Your will be glad to know that
today more than 70% of the identified back office activities have been
centralised at 37 centres. This has led to productivity improvement and
consequent release of manpower for more customer facing activities.
The emphasis of the Bank is to constantly reinvent itself. The changing
paradigms of business have put us firmly in the cycle of learn-unleam and
relearn. To assist us in our endeavours, we have been engaging the services
of Boston Consulting Group. We have with their assistance undertaken an
organization wide Business Process Reengineering exercise. Constant finetuning is now the order of the day. To implement the initiative across the
country in letter and spirit some of our best officers have been relieved as
Coaches to oversee the implementation efforts and to do the handholding
in the initial stages.
yeQke kee peesj efvejblej mJeDevJes<eCe Hej jne nw~ keejesyeej kes yeoueles DeeeeceeW ves nceW meerKees,
Yetuees Deewj efHej veee meerKees kes ee ceW jKee nw~ nceejer keesefMeMeeW ceW ceoo kes mJeHe nceves
yeesmve HejeceMeea mecetn keer mesJeeSb ueer nQ~ Gvekeer meneelee mes nceves Hetjs mebmLeeve ceW keejesyeej
eefeee Hegvej&evee kee keee& Meg efkeee nw~ ueieeleej megOeej kejles jnvee Deye mecee keer
pejle nes ieF& nw~ Fve HenueeW kees Hetjs osMe ceW mener {bie mes ueeiet kejves kes efueS nceejs keg
Des DeefOekeejer keese kes leewj Hej jKes iees nQ pees keeee&vJeeve kes eeemeeW Hej ve]pej
jKeWies Deewj DeejbefYeke ejCe ceW meceLe&ve eoeve kejWies~
nceejs Debleje&êre Heefjeeueve ueieeleej nceejs leepe keer MeesYee yeves jns nQ ~ Fme Je<e& nceves
Fb[esvesefMeee kes Ske meteerke=le yeQke Heerer yeQke mJeosMeer eryeerkes ceW 76% Yeeieeroejer uesves nsleg
kejej efkeee nw~ yeerefpebie, eerve ceW Ske eefleefveefOe keeee&uee Keesueves Deewj SbJeHe& ceW Ske
MeeKee Meg kejves kes yeeo nceejer efJeosMe efmLele MeeKeeSb/keeee&uee Deye 13 osMeeW ceW 25
keer mebKee leke HengBe ieS nQ~ Mesvepesve eefleefveefOe keeee&uee kees HetCe& MeeKee kes He ceW
mecegVele efkeee ieee Deewj nce Dekesues Ssmes Yeejleere yeQke nQ efpemekes eerve ceW oes keeee&uee nQ~
yeQke kes kegue keejesyeej ceW DeeHekes yeQke kes Debleje&êre HeefjeeueveeW kee efnmmee 20% kee nw~
yeQke DeHeveer DeesJejmeerpe GHeefmLeefle ye{eves kes efueS yengle Glmegke nw Deewj nceejs Heeme levepeeefveee
Deewj kevee[e ceW meneeke kebHeefveeeB Keesueves, ogyeF& FbjvesMeveue HeeFveWefMeeue meWj Deewj
{ekee ceW MeeKeeSb Keesueves Deewj peesnvmeyeie&, oesne, leLee ogyeF& ceW eefleefveefOe keeee&uee Keesueves
kes efueS Yeejleere efj]peJe& yeQke kee Devegceesove nw ~
Our international operations continue to be the jewel in our crown. This

year we entered into an agreement to acquire 76% stake in PT Bank Swadesi
Tbk, a listed bank in Indonesia. With the opening of a representative office
in Beijing in China and a branch in Antwerp, number of overseas offices
stand at 25, spread over 13 countries. The Shenzhen representative office
was upgraded to a full fledged branch and we are the only bank from India
to have 2 offices in China. Your banks International operations contribute
20% of total Banks business. Bank is very aggressive in expanding its
overseas presence and is holding approvals of RBI for setting up subsidiaries
in Tanzania and Canada, branches in Dubai International Financial Centre
and Dhaka, and Representative Offices in Johannesburg, Doha and Dubai.
Increasing competition and Globalization has led to severe strain on
profitability as the margins are thinning like never before. Finding new
sources of revenue generation therefore becomes a key imperative. Your
banks global treasury has started marketing derivative products, which
are being well received by its clients and market alike. Syndication of
loans is another area where your bank has been especially aggressive this
year. Non fund based income is also being aggrandized through marketing
of third party products, viz. mutual funds, insurance products etc.
ye{leer mHeOee& Deewj JeweerkejCe ves nceejer ueeYeeolee Hej Yeejer oyeeJe yeveeee nw keeeWefke nceeje
ceeefpe&ve ueieeleej Ielee pee jne nw, Ssmee Henues keYeer veneR Lee~ FefmeueS jepemJe Depe&ve kes
veS eesleeW kees leueeMevee cegKe efyevog nes ieee nw~ DeeHekes yeQke keer Jewefeke ^spejer ves
[sefjJesefJe GlHeeoeW kee efJeHeCeve Meg efkeee nw efpemes Fmekes eenkeeW Deewj yeepeej oesveeW ves
Ketye Hemebo efkeee nw~ $eCeeW kee mecetnve Ske Deewj Ssmee #es$e nw peneB DeeHekee yeQke Fme Je<e&
Deefle Glmeener jne nw~ iewj efveefOe DeeOeeefjle Deee Yeer le=leere He#e GlHeeoeW pewmes cetegDeue
Heb[eW, yeercee GlHeeoeW Deeefo kee efJeHeCeve kej ye{eF& pee jner nw~
In order to become a financial powerhouse, to exploit fully our brand

value and also to deepen our relations with our customers, it is our
endeavour to provide the entire gamut of financial services under one
roof. To achieve this end we are entering in the filed of Life Insurance by
forming a joint venture with Dai-Ichi Mutual Life Insurance Company,
Japan (2nd largest life insurance company in Japan and 6th largest in the
world) and Union Bank of India with a capital stake of 51%, 26% and
23% respectively. Bank also entered into a strategic alliance with Union
Bank of India and Infrastructure Development Finance Company for loan
syndication, International Business, Cash Management, cheque collection
and training.
efJeeere Hee@JejneGme yeveves kes efueS, DeHeveer yeeB[ Jewuet kee HetCe& meogHeeesie kejles ngS, DeHeves
eenkeeW mes mebyebOeeW kees eiee{ yeveekej nceeje en eeeme nwefke meYeer lejn keer efJeeere mesJeeSb
nce Ske le kes veeres ner eoeve kej mekeW ~ Fme ue#e kees Heeves kes efueS, nce peerJeve yeercee
kes #es$e ceW keoce jKe jns nQ Deewj peeHeeve keer oeF&-F&eer cegegDeue ueeFHe FvMeesjsvme kebHeveer
(peeHeeve keer otmejer meyemes ye[er Deewj ogefveee keer er meyemes ye[er kebHeveer) Deewj etefveeve yeQke
Dee@He Fbef[ee kes meeLe nce Ske mebegkele GHeece yevee jns nQ efpemeceW eceMe 51%, 26%,
Deewj 23% keer HetBpeer Yeeieeroejer nw ~ yeQke ves etefveeve yeQke Dee@He Fbef[ee Deewj Fveem^kej
[JeueHecesv HeeFveWme kebHeveer kes meeLe $eCe mecetnve, Deblejeêre keejesyeej, vekeoer eyebOeve,
eske Jemetueer Deewj eefMe#eCe kes efueS jCeveerefleke ieyebOeve efkeee nw~
3
efjMleeW keer peceeHetBpeer nceejer oMe&ve keer efJeefMelee nesves kes keejCe nceves Fme Je<e& vesMeveue
With Relationships beyond Banking being the leitmotif of our philosophy,

we have this year launched National Swasthya Bima Policy, a health
Insurance product for our customers under a strategic tie up with National
Insurance Company. A pensioners Credit Card and Delivery of Pension
at the doorsteps of the pensioners in tie up with Department of Post, are
some of the measures, we have taken to salute the spirit of Senior Citizens.
mJeemLe yeercee Hee@efuemeer Meg keer nw pees nceejs eenkeeW kes efueS mJeemLe yeercee kee GlHeeo nw
Deewj Fme nsleg nceves vesMeveue FvMeesjsvme kebHeveer kes meeLe jCeveerefleke ieyebOeve efkeee nw~
HeWMeveme& esef[ kee[& SJeb [eke efJeYeeie kes meeLe leeuecesue kejkes HeWMeveYeesefieees kees
ojJeepes Hej HeWMeve keer megHego&ieer efkeee peevee Ssmes keg GHeee nQ pees nceves Jeefj veeieefjkeeW
keer YeeJevee kee mecceeve kejves keer ef mes efkeS nQ ~
Any organization especially a service organization like ours survives and

thrives on its human resources. Our human resources practices therefore
revolve around managing our human assets in a holistic manner. The Bank
has a comprehensive placement policy, promotion policy, training system
and incentive scheme in place. Performance management is key to match
the aspirations of the individuals with the goals of the organization and
we are laying great emphasis on this aspect. Out consultants are also
assisting us towards the avowed goal of balanced score card for
performance management.
keesF& Yeer mebieve efJeMes<e He mes nceejs pewmee Ske mesJee mebieve DeHeves ceeveJe mebmeeOeeve Hej
peerJeble jnlee SJeb GVeefle kejlee nw ~ nceejs ceeveJe mebmeeOeve keer eefeee, FmeefueS, mebHetCe& He
mes nceejs ceeveJe mebmeeOeve kes eyebOeve kes Fo&-efieo& yeveer jnleer nQ ~ yeQke keer DeHeves mJeeb keer
JeeHeke lewveeleer veerelf e, HeoesVeefle veerelf e, eefMe#eCe eCeeueer Deewj eeslmeenve eespevee nw ~ keee&evf e<Heeove
eyebOeve JeeqkeleeeW keer Deebkee#eeDeeW kes mebmLee kes ue#eeW mes meecebpeme mLeeefHele kejeves keer
kegbpeer nw Deewj nce Fme He#e Hej DeleefOeke peesj os jns nQ ~ nceejs HejeceMeea Yeer ncemes
keee&efve<Heeove eyebOeve kes efueS meblegefuele mkeesj kee[& kes efveOee&efjle ue#e keer Deesj ues peeves
ceW nceejer ceoo kej jns nQ ~
A strong believer in Corporate Social Responsibility, the Bank initiated a

scheme for total transformation of 128 villages. Shri Y.V. Reddy, Governor
Reserve Bank of India launched the 1st credit counseling Centre at Mumbai
under the aegis of Trust ABHAY. The centre offers services free of cost
to the members of public.
nceejs yeQke kee keejHeesjs meeceeefpeke GejoeefelJe ceW ienje efJeeeme nw FmeefueS yeQke ves 128
ieeBJeeW kes mebHetCe& keeeekeuHe nsleg Ske eespevee DeejbYe keer ~ Yeejleere efj]peJe& yeQke kes ieJeve&j
eer Jeee.Jeer. jser ves `DeYee' ^m kes mebj#eCe ceW cegbyeF& ceW Henues $eCe HejeceMe& keW kee
MegYeejbYe efkeee ~ en keW Deece pevelee kees efyevee efkemeer Meguke kes mesJeeSb cegnwee kejelee nw~
Strong performance and well-executed projects always bring accolades

and these come naturally to your Bank. You will be glad to know that
your Bank was adjudged and received the following awards:
meg{ keee&efve<Heeove Deewj Deer lejn efve<Heeefole HeefjeespeveeDeeW keer ncesMee eMebmee nesleer nw
Deewj en mJeeYeeefJeke He mes DeeHekes yeQke kees efceueleer nw ~ DeeHekees en en peevekej emeVelee
nesieer efke DeeHekes yeQke kees Gkele kes eesie Heeee ieee Deewj efvecveevegmeej DeJee[& eeHle ngS
yeQeEkeie eeweesefiekeer ceW efJekeeme Deewj DevegmebOeeve mebmLeeve, nwojeyeeo ves metevee eCeeueer
megj#ee veerefleeeW kes keeee&vJeeve ceW meJe&es yeQke kes He ceW Heeee ~
Yeejle mejkeej ves Je<e& 2005-06 ceW Deleble ueIeg #es$e ceW GOeej osves ceW Glke=lee nsleg
yeQke kees otmejs mLeeve Hej Heeee ~
yeQke kees meeceeefpeke eYeeJe nsleg [e@. meer jbiejepeve, DeOe#e eOeeveceb$eer DeeefLe&ke meueenkeej
Heefj<eo mes mkeese esueWpej DeJee[&-2007 Yeer eeHle ngDee ~
The Best Bank in the implementation of Information System Security

Policies from Institute for Development & Research in Banking
Technology (IDRBT) - Hyderabad.
Govt. of India rated us the Second Best Bank for Excellence in lending
to Tiny Sector in 2005-06.
Bank also received the Skoch Challenger Award - 2007 for Social
Impact at the hands of Dr. C. Rangarajan, Chairman, Prime Ministers
Economic Advisory Council.
yeQke kes mebHetCe& Gelece eyebOeve keer otmejer meoer keer leweejer kees efueefHeye kejves SJeb Deeves
Jeeues Je<eeX ceW Fmekeer Yetefcekee kees efveefHele kejves nsleg HegCes ceW 2 efove keer yewke ngF&~
yeQke kees Yeejle kee meJee&efOeke Jeebveere yeQke, efJemle=le Yetceb[ueere GHeefmLeefle kes meeLe
meJee&efOeke efJeMJemeveere mesJee yeeb[ yeveeves nsleg cenlJeekeeb#eer DeJeueeskeve leweej efkeee ieee~
The entire top management of the Bank met at Pune for two days to script
the preparation for the 2nd century and to envision its role in the years to
come. An ambitious vision has been drawn up to make it Indias most
preferred bank, the most trusted financial services brand with largest global
presence.
Deeies ye{les ngS, yeQke DeHeves eenkeesvcegKeer efkeesCe Hej cepeyetleer mes mebkeseqvle nw~
GlHeeo Deewj mesJee megHego&ieer kes meYeer #es$eeW ceW Geesie ceW eslee kes meeLe efveeefcele
yeWeceeefkeie, veee keejesyeej eeHle kejves kes efueS me[keeW Hej meefee efyeeer oue, Tbeer
nwefmeele Jeeues JeeqkeleeeW kes meeLe mebyebOeeW kees eiee{ yeveeves nsleg MeeKeeDeeW ceW mebHekeea
eyebOeve, nceejs keejesyeej cee@[ue Deewj meYeer mlejeW Hej iegCelee mebpeeroieer kees meHees& kejves
kes efueS meg{ lekeveerkeeriele DeeOeej (jesyem skevee@efuepekeue yeskeyeesve) DeeHekes yeQke kees
DeHeves mebJeie& ceW meJeexece yeveeS jKeWies~
Moving forward the Bank is firmly focused with its customer centric
approach. Constant benchmarking with the best in its industry in all areas
of product and service delivery, active feet on street sales force for
garnering fresh business, Relationship Managers for high networth
individuals at the branches for deepening the relationships, robust
technological backbone to support our business model and quality
consciousness pervading at all level will continue to keep your bank the
best in class.
efJeiele keer YeeBefle ner nce MesejOeejkeeW kes cetue kees ye{eves keer keesefMeMe ceW DeHevesDeeHekees
Hegveme&ceefHe&le kejles jnWies~ nce Ssmee ceeveles nQ efke nce Fme efmLeefle ceW DeeHekes meHees& SJeb eee
kes yeueyetles HengBes nQ~ DeHeveer Deeies keer ee$ee ceW Yeer nce DeeHekee meHees& eenles nQ efpememes nce
Ske Glke= mebmLeeve je mekeW~
As in the past we rededicate ourselves in the quest of increasing

stakeholders value. In our onward journey, we will continue to be guided
by the principles of Corporate Governance and ethics in business. We
believe that we have reached this position because of your support and
patronage. In our journey forward we solicit your support so that together
we create an institution of excellence.
cebieuekeeceveeDeeW meefnle,
With Warm regards,
efoveebke 23.04.2007
(Sce. yeeueebve)
Date : 23.04.2007
(M. Balachandran)
yeQke Dee@]He Fbef[ee

BANK OF INDIA
eOeeve keeee&uee mej neGme, meer-5, `peer' yuee@ke, yeebe-keguee& mebkegue, yeebe (HetJe&), cegbyeF& - 400 051.
Head Office : Star House, C-5, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051.
metevee
NOTICE
Sleodeje metevee oer peeleer nw efke yeQke Dee@]He Fbef[ee kes MesejOeejkeeW keer ieejnJeeR Jeeef<e&ke
Deece yewke cebieueJeej efoveebke 10 pegueeF&, 2007 kees oesHenj 2.30 yepes yeQke Dee@]He Fbef[ee
Dee@ef[esefjece, mej neGme, yeebe-keguee& mebkegue, yeebe (HetJe&), cegbyeF& - 400 051 ceW
efvecveefueefKele keee& kes efueS Deeeesefpele keer peeSieer
NOTICE is hereby given that the Eleventh Annual General Meeting of

the Shareholders of Bank of India will be held on Tuesday, 10th July,
2007 at 2.30 p.m. at Bank of India Auditorium, Star House, Bandra Kurla
Complex, Bandra (East), Mumbai 400 051, to transact the following
business:
ceo meb. 1 ``yeQke kes legueve-He$e eLee efoveebke 31 ceee&, 2007 SJeb efoveebke 31
ceee&, 2007 kees meceeHle Je<e& kes efueS ueeYe SJeb neefve uesKee, uesKee SJeb uesKee Hejer#ekeeW
keer legueve He$e Deewj KeeleeW Hej efjHees& keer DeJeefOe ceW yeQke keer keee&eCeeueer Deewj keee&keueeHeeW
kes mebyebOe ceW efveosMeke ceb[ue keer efjHees& Hej eee& kejvee, Devegceesove osvee Deewj mJeerkeej
kejvee~
Item No.1: To discuss, approve and adopt the Balance Sheet of the Bank
as at 31st March, 2007, Profit and Loss Account of the Bank for the year
ended 31st March, 2007, Report of the Board of Directors on the working
and activities of the Bank for the period covered by Accounts and the
Auditors' Report on the Balance Sheet and Accounts.
ceo meb. 2 efJeeere Je<e& 2006-07 kes efueS FeqkeJeer MesejeW Hej Debeflece ueeYeebMe keer Iees<eCee
kejvee~
Item No. 2.: To declare final Dividend on Equity Shares for the Financial
year 2006-07
mLeeve cegbyeF&
efoveebke 22.05.2007
Place : Mumbai
Date : 22.05.2007
(kes. Deej. keecele)

keee&Heeueke efveosMeke
K. R. Kamath
Executive Director
NOTES
efHHeefCeeeb
1.
Hejes#eer keer efveegeqkele
1.
yewke ceW Yeeie uesves leLee celeoeve kes nkeoej MesejOeejke DeHeves mLeeve Hej Yeeie uesves
leLee celeoeve nsleg Ske Hejes#eer efveegkele kej mekeles nQ~ Hejes#eer Heece& kees eYeeJeer yeveeves
kes efueS mebyebefOele Heece& GmeceW efveOee&efjle mLeeve Hej Jeeef<e&ke Deece yewke kes kece mes
kece 4 (eej) efove HetJe& DeLee&le iegJeej 5 pegueeF&, 2007 kees ee Gmemes Henues
DeJeMe eeHle nes peevee eeefnS.
2.
A shareholder entitled to attend and vote at the Annual General

Meeting is entitled to appoint a Proxy to attend and vote on his/her
behalf. The Proxy form, in order to be effective, must be received at
the place specified in the Proxy form not later than 4(four) days
before the date of the Annual General Meeting i.e. on or before the
close of banking hours on Thursday, the 5th July, 2007.
eeefOeke=le eefleefveefOe keer efveegefkele
2.
keesF& Yeer Jeeqkele, pees efkemeer Ssmeer kebHeveer ee Deve efkemeer efvekeee-kebHeveer pees yeQke
keer MesejOeejke nw, kee efJeefOeJele eeefOeke=le eefleefveefOe nw, eje Deece yewke kes
efoveebke mes 4 (eej) efove Henues DeLee&le iegJeej 5 pegueeF&, 2007 kees ee Gmemes
Henues yeQke kes eOeeve keeee&uee ceW, efpeme yewke ceW Gmes eeefOeke=le eefleefveefOe kes He
ceW efveegkele kejves kee mebkeuHe Heeefjle efkeee ieee Lee, kes DeOe#e eje Gkele mebkeuHe
keer eceeefCele mele eefleefueefHe eefo emlegle veneR keer peeleer nw lees Gmes yewke ceW GHeefmLele
jnves kee, cele osves kee DeefOekeej veneR nesiee.
3.
5.
3.
uesKeeyeboer
BOOK CLOSURE
The Register of the shareholders and the Share Transfer Register
of the Bank will remain closed from Wednesday, 4th July 2007
to Tuesday 10th July, 2007 (both days inclusive), for the purpose
of Annual General Meeting and ascertainment of entitlement
for payment of dividend.
Heles ceW HeefjJele&ve

efpeve MesejOeejkeeW kes Heeme Mesej ef[ces mJeHe ceW nQ GvnW DeHeves Heles ceW eefo keesF&
HeefjJele&ve nes lees Gmekeer metevee Gvemes mebyebefOele menYeeieer efve#esHeeieej kees osveer eeefnS~
efpevekes Heeme Mesej ele#e He ceW nQ, GvnW DeHeves Heles ceW HeefjJele&ve keer metevee yeQke
kes Hebpeereke SJeb Mesej DeblejCe SpeW kees efvecveefueefKele Heles Hej osveer eeefnS~
cesmeme& Mesejees meefJe&mespe (Fbef[ee) ee. efue. etefve yeQke Dee@]He Fbef[ee, meece
Fmsm, leermejer cebefpeue, yeQke Dee@]He ye[ewoe kes THej, keeef[&veue esefmeeme jes[,
ekeeuee, DebOesjer (HetJe&), cegbyeF& - 400 099.
s.veb. 2821 5168/69 F&-cesue sharepro@vsnl.com
4.
GHeefmLeefle Heeea-men-eJesMeHe$e
5.
CHANGE OF ADDRESS
Shareholders holding shares in dematerilised form should
communicate the change of address, if any, to their Depository
Participant. Share holders who hold shares in physical form should
communicate the change of address to the Registrar and Share
Transfer Agent of the Bank at the following address :
M/s. Sharepro Services (India) Pvt. Ltd., Unit: Bank of India
Satam Estate, 3rd Floor, Above Bank of Baroda, Cardinal Gracious
Road, Chakala, Andheri (East), Mumbai 400 099.
Phone 28215168/69 E-mail sharepro@vsnl.com
ATTENDANCE SLIP-CUM-ENTRY PASS
For the convenience of the shareholders, Attendance slip-cum-Entry
pass is annexed to this Report. Shareholders/ Proxy holders/
representatives are requested to affix their signatures at the space
provided therein and surrender the Attendance slip- cum-Entry pass
at the venue. Proxy/Representative of a shareholder should state on
the Attendance slip-cum-Entry pass "Proxy" or "Representative" as
the case may be.
MesejOeejkeeW keer megefJeOee kes efueS GHeefmLeefle Heeea-men-eJesMeHe$e Fme efjHees& kes meeLe
mebueive nw~ MesejOeejkeeW / Hejesef#eeeW / eefleefveefOeeeW mes DevegjesOe nw efke Jes efveOee&efjle
mLeeve Hej nmlee#ej kejW Deewj yewke mLeue Hej GHeefmLeefle Heeea-men-eJesMeHe$e megHego&
kej oW~ MesejOeejke kes Hejes#eer / eefleefveefOe kees GHeefmLeefle Heeea-men-eJesMeHe$e ceW
Hejes#eer DeLeJee eefleefveefOe ceW mes Jen efpeme He ceW GHeefmLele nes jns neW Gmekee GuuesKe
kej osvee eeefnS~
6.
APPOINTMENT OF AUTHORISED REPRESENTATIVE

No person shall be entitled to attend or vote at the meeting as a duly
authorised representative of a Company or any other Body Corporate
which is a shareholder of the Bank, unless a copy of the Resolution
appointing him/her as a duly authorised representative, certified to
be true copy by the Chairman of the meeting at which it was passed,
shall have been deposited at the Head Office of the Bank not less
than 4 (four) days before the Annual General Meeting i.e. on or before
the close of banking hours on Thursday, the 5th July, 2007.
Mesej OeejkeeW kee jefpemj SJeb yeQke kee Mesej DeblejCe jefpemj Jeeef<e&ke Deece
yewke SJeb ueeYeebMe kes Yegieleeve kes efueS Hee$elee DeefYeefveefele kejves kes GsMe mes
yegOeJeej 4, pegueeF& 2007 mes cebieueJeej 10 pegueeF&, 2007 (oesveeW efove Meeefceue)
leke yebo jnsiee~
4.
APPOINTMENT OF PROXY
6.
ueeYeebMe kee Yegieleeve
PAYMENT OF DIVIDEND
The final dividend, as recommended by the Board, if declared at the
Annual General Meeting , will be paid on 6th August 2007 to those
shareholders whose names stand registered on the Bank's Register
of Members:
yees[& eje mebmlegle Debeflece ueeYeebMe, eefo Deece yewke ceW Ieesef<ele efkeee peelee nw lees
6 Deiemle, 2007 leke Gve MesejOeejkeeW kees Deoe efkeee peeSiee efpevekes veece yeQke
kes meomeeW kes jefpemj ceW Hebpeerke=le neWies
6
ke) ef[ces mJeHe ceW Oeeefjle MesejeW kes ceeceues ceW Gve efnleeefOekeejer mJeeefceeeW kees
efpevekee veece 3 pegueeF&, 2007 kes keejesyeej keer meceeeqHle leke yeveer vesMeveue
efmekeetefjerpe ef[Hee@efpejer efue. (SveSme[erSue) Deewj mesvûe ef[Hee@efpejer meefJe&mespe
(Fbef[ee) efue. (meer[erSmeSue) eje eoe metefeeeW ceW nesiee~
a)
as Beneficial Owners as at the end of business hours on 3rd

July 2007 as per the list to be furnished by National Securities
Depository Limited (NSDL) and Central Depository Services
(India) Limited (CDSL) in respect of shares held in
dematerialised form.
Ke)
b)
as Shareholders in the Register of Members of the Bank after

giving effect to valid share transfers lodged with the Bank, on
or before 3rd July 2007.
pegueeF& 2007 kees ee Gmemes HetJe& yeQke ceW efoS ieS JewOe Mesej DeblejCe
kees eYeeJeer kejves kes yeeo yeQke kes meomeeW kes jefpemj ceW GefuueefKele
MesejOeejke kes He ceW~
The final dividend warrants to such shareholders would be mailed

or ECS credits will be given by the Bank through the Share Transfer
Agent, viz., M/s Sharepro Services (I) Pvt. Ltd. on or before 6th
August, 2007.
Ssmes MesejOeejkeeW kees Debeflece ueeYeebMe [eke mes Yespee peeSiee ee yeQke eje Mesej
DeblejCe SpeW DeLee&led ceW./Mesej ees. meefJe&mespe (Fbef[ee) ee.efue. kes ceeOece mes F&meerSme
eje Keeles ceW 6 Deiemle, 2007 kees ee Gmemes HetJe& pecee efkeee peeSiee~
7.
DeoeJeeke=le ueeYeebMe eefo keesF& nes
7.
Jes MesejOeejke efpevneWves DeHeves ueeYeebMe, Jeejb DeYeer leke veneR YegveeS nQ ee GvnW Henues
keer DeJeefOe kes keesF& Jeejb DeYeer leke veneR efceues nQ lees Gvemes DevegjesOe nw efke Jes Jeejb
keer DevegefueefHe peejer kejves kes efueS DeblejCe SpeW mes mebHeke& kejW~
UNCLAIMED DIVIDEND IF ANY

The shareholders who have not encashed their Dividend Warrants /
received for previous periods if any are requested to contact the Share
Transfer Agent of the Bank for issue of duplicate.
As per the new Section 10B of the Banking Companies (Acquisitions
and Transfer of Undertakings) Act, 1970 , the amount of dividend
remaining unpaid or unclaimed for a period of seven years is required
to be transferred to the Investor Education and Protection Fund (IEPF)
established by the Central Govt. under Section 205C of the
Companies Act, 1956, and thereafter no claim for payment shall lie
in respect thereof either on the Bank or on IEPF.
yeQeEkeie kebHeveer (DeefOeenCe SJeb GHeeceeW kee DeblejCe) DeefOeefveece, 1970 keer veF&
Oeeje 10 yeer kes Devegmeej ueeYeebMe keer meele Je<e& leke Deoe jeefMe ee DeoeJeeke=le
jeefMe kebHeveer DeefOeefveece, 1956 keer Oeeje 205-meer kes Debleie&le keW mejkeej eje
ieefle FvJesmj SpegkesMeve Sb[ eesskeMeve Heb[ ceW Debleefjle kejvee nesleer nw Deewj
FmeefueS Fmekes Yegieleeve kees keesF& oeJee yeQke Hej ee DeeF& F& Heer SHe Hej veneR jnsiee~
efveosMeke efjHees&
31 ceee&, 2007 kees meceeHle Je<e& kes efueS efveosMeke ceC[ue, Debkesef#ele uesKee efJeJejCe Deewj
vekeoer eJeen efJeJejCe meefnle yeQke keer Jeeef<e&ke efjHees& men<e& emlegle kejles nQ~
DIRECTORS REPORT
The Board of Directors have pleasure in presenting the Banks Annual
Report along with the audited statement of accounts and the cash flow
statement for the year ended 31st March 2007.
keee&efve<Heeove keer cegKe yeeleW
PERFORMANCE HIGHLIGHTS
efJeeere Hewjeceerme&

Heefjeeueveiele ueeYe . 2395 kejes[

meJee&efOeke Meg ueeYe . 1123 kejes[ iele Je<e& keer leguevee ceW 60% keer Je=ef ope&
keer ieF&

HetBpeer Heee&Hlelee DevegHeele 11.58% peyeefke iele Je<e& 10.75% kee mlej Lee
FINANCIAL PARAMETERS
Meg mecHeefe . 5504 kejes[ DeLee&led 20.25% mes Je=ef ceee& 2006 keer leguevee ceW

yener cetue . 112.75 (20% mes DeefOeke keer Je=ef)

mekeue SveHeerS ceW . 379 kejes[ keer keceer (15.27%) ceee& 2006 keer meceeeqHle Hej
mekeue SveHeerS DevegHeele 3.72% mes Iekej 2.42% ngDee~

Meg SveHeerS ceW 338 kejes[ (35%) keer keceer 31.03.2007 keer meceeeqHle Hej Meg
SveHeerS DevegHeele Iekej 0.74% nes ieee nw peyeefke en 31.03.2006 kees 1.49% Lee~

SveHeerS kes Devleie&le vekeo Jemetueer . 752 kejes[ jner~

yeQke kee kegue keejesyeej 2 ueeKe kejes[ kees Heej kej . 206673 Hej pee HengBee.
Fme ekeej FmeceW . 46079 kejes[ (29%) keer Je=ef ope& ngF&. osMeere keejesyeej ceW
25% keer Je=ef ngF& Deewj en . 164555 kejes[ kes mlej Hej HengBe ieee~

yeQke keer kegue peceejeefMeeeb ye{kej . 25950 kejes[ keer Je=ef kes yeeo .
119882 kejes[ nes ieF DeLee&led 27.6% keer Je=ef~ mJeosMeer peceejeefMeeeB ceW 21.7%
keer Je=ef ngF& Deewj es . 94,744 kejes[ leke HengBe ieF&~ mJeosMeer peceeDeeW ceW kece
ueeiele Jeeueer peceeDeeW kee efnmmee Je<e& 2006-07 kes oewjeve 40% nw~

yeQke kes kegue mekeue $eCe . 86,791 kejes[ leke HengBe ieS (30.2% keer Je=ef)
efpemeceW mJeosMeer $eCe ceW 29.2% keer Je=ef ope& keer ieF& Deewj en . 69,811 kejes[
kes mlej Hej HengBe ieS~

Kegoje $eCe ceb 35% keer Je=ef ngF& Deewj efJeeere Je<e& 2007 ceW kegue Keeeslej $eCe ceW
Fme $eCe kee efnmmee 29% nw~

Meg meceeeesefpele yeQke $eCe kee 45.53% Yeeie eeLeefcekelee eeHle #es$e GOeej kee
jne Deewj Meg meceeeesefpele yeQke $eCe ceW ke=ef<e $eCe kee 18.51% Lee~

efveee&le $eCe ceW . 871 kejes[ DeLee&led 20% keer Je=ef ope& ngF&~
veS GlHeeo SJeb mesJeeSb
All time high Net Profit of Rs.1123 crore recording a 60% growth
over the previous year.
Capital Adequacy increased to 11.58% from the previous year level

of 10.75%.
Net Worth at Rs. 5504 crore, grew by 20.25% over March 2006.
Book value Rs.112.75 (Increase of over 20%).
Gross NPA declined by Rs.379 crore (15.27%). Gross NPA ratio

declined to 2.42% from 3.72% at March-end 2006.
Net NPA declined by Rs.338 crore (35%). Net NPA ratio declined to
0.74% as at 31.03.2007 as against 1.49% as on 31.3.2006.
Cash Recovery under NPA of Rs.752 crore.
Total business of the Bank crossed 2 lakh crore mark at Rs. 206673
crore recording a growth of Rs. 46079 crore (29%). Domestic business
grew by 25% to reach the level of Rs. 164555 crore.
Total deposits of the Bank increased to Rs. 119882 crore by Rs.25950

crore, a growth of 27.6%. Domestic deposits increased by 21.7% to
reach the level of Rs.94,744 crore. Share of low cost deposits in
domestic deposits is 40% during 2006-07 .
Total gross credit of the Bank touched Rs.86,791 crore (growth

30.2%) with domestic credit recording a growth of 29.2% to reach
the level of Rs.69,811crore.
Retail Credit grew by 35% constituting 29% of incremental non-food

credit growth in FY 2007.
Priority sector lending constituted 45.53% of Net Adjusted Bank

Credit and the share of Agricultural Credit to Net Adjusted Bank
Credit was 18.51%.
Export Credit registered a rise of Rs.871 crore i.e. 20% growth.
NEW PRODUCTS & SERVICES
Bank of India Pensioners Card and door delivery of pension

introduced.
Also, BOI Samanya Credit Card, a general purpose Credit Card

offering a line of credit to the poor farmers, artisans, etc. to help
financial inclusion introduced.
ieuHe eenkeeW ceW SveDeejDeeF& eenkeeW nsleg mHeer[ Oevees<eCe megefJeOee Meg keer ieF&~
Speed Remittance facility introduced for NRI customers in Gulf

countries.
Jeermee Deewj ceemj kee[& kes vesJeke& kes Deefleefjkele Mese[& SerSce kes vesJeke& kee
peefjS eenkeeW kees ueieYeie 12500 SerSce GHeueyOe kejeS~
About 12500 ATMs made available to customers through shared ATMs

network, besides the network of ATMs of VISA and Master Card.
yeQke Dee@]He Fbef[ee HeWMeveme& kee[& Deewj HeWMeve keer [esj ef[ueerJejer Meg keer ieF&~
Abhay Credit Counselling Services introduced at Mumbai, Wardha

& Chennai.
cegbyeF&, JeOee& Deewj ewVes ceW ``DeYee'' $eCe HejeceMe& mesJeeSb Meg keer ieF&~
Operating profit Rs.2395 crore.
yeerDeesDeeF& meeceeve esef[ kee[&, Ske meeceeve GsMe esef[ kee[& Yeer Meg efkeee
ieee pees efJeeere meceeJesMeve keer meneeleeLe& iejerye efkemeeveeW, keejeriejeW Deeefo kees
$eCe keer Ske e=bKeuee emleeefJele kejlee nw~
MeeKeeDeeW ceW keesj yeQeEkeie meesuetMeve ueeiet efkeee ieee~

1044 MeeKeeDeeW kees DeejerpeerSme/SmeSHeSceSme mes egkele efkeee ieee~

Deeve ueeFve kej uesKee Heefle (DeesSueerSSme) kes efueS 515 MeeKeeDeeW kees me#ece
yeveeee ieee~

cewmeme& Deefmele meer. cesnlee SC[ keb.efue., Ske eefleefle Mesej yeeWeEkeie keb. pees
yeerSmeF& Deewj SveSmeF& keer meome nw, kes meeLe cegbyeF& ceW Deeve ueeFve Mesej ^sef[bie
mesJeeDeeW kee met$eHeele efkeee ieee~

keejesyeej eefeee Hegvej&evee keer Ske Henue kes He ceW Ge-nwefmeele Jeeues eenkeeW
nsleg eegkele nes jns Deefleefjkele megefJeOeeDeeW Jeeues yeele Deewj eeuet pecee GlHeeoeW kees
meYeer ye[s Menjer Deewj ceneveiejere kesveW leke efJemleeefjle efkeee ieee~
keejesyeej Henue
1044
Core Banking Solution implemented in 1044 branches.
RTGS/SFMS enabled in 1044 branches.
515 branches enabled for On-line Tax Accounting System (OLTAS).
On line Share Trading Services unveiled at Mumbai in association

with M/s. Asit C. Mehta & Co. Ltd., a reputed Share Broking Co.
having membership with BSE & NSE.
Value added Savings and Current deposit products for high-end

customers extended to all major urban and metro centres as a part of
Business Process Re-engineering initiative.
BUSINESS INITIATIVES
$eCe eEme[erkesMeve, Devleje&êre keejesyeej, jeske[ eyebOeve, eske Jemetueer leLee eefMe#eCe
megefJeOeeDeeW nsleg etefveeve yeQke Dee@]He Fbef[ee Deewj DeeF&[erSHemeer kes meeLe Ske m^wsefpeke
Deueeebme efkeee ieee~

[eF&ueeer cegegDeue ueeF&He FbMeeWjWme keb. Deewj etefveeve yeQke Dee@]He Fbef[ee kes meeLe
Ske mebegkele GHeece mLeeHeveeLe& JeJemLee keer ieF&~

Devleje&êre HeefjeeueveeW ceW ecegKe Henue ceW DeblejsHe (yesueefpeece) ceW MeeKeeDeeW kee
Keesuee peevee Deewj Mewvepesve (eerve) ceW eefleefveefOe keeee&uee kee Ske MeeKee kes He ceW
GVeeve efkeee peevee Meeefceue nw~

DeHeveer Devleje&êre GHeefmLeefle ceW ye{le ope& kejeves kes GsMe mes Heerer yeQke mJeosMeer
eryeerkes, FC[esvesefMeee kee Ske meteerye yeQke ceW 76% efnmmesoejer eeHle kejves kes
keee& kees yeQke ves Debeflece He os efoee nw~

oesne, keleej ceW Deueceevee SkemeeWpe neTme kes eyebOeve kee DeefOeenCe efkeee ieee
Deewj ieuHe osMeeW ceW SkemeeWpe neTme kes peefjS FCjvew DeeOeeefjle mHeer[ Oevees<eCe
megefJeOee kes eje SveDeejDeeF&pe eje Yeejle ceW Oevees<eCe kees megefJeOeepeveke yeveeves nsleg
Heee DeenjCe JeJemLeeDeeW kees keeee&eqvJele efkeee ieee~ DeHeieeefvemleeve ceW
SveDeejDeeF&pe kes efueS Oevees<eCe megefJeOeeDeeW kee leeuecesue keeyegue, DeHeieeefvemleeve
ceW yeQke Depeerpeer kes meeLe efkeee ieee~
efJeeere meceer#ee
2006-2007 ceW mecee DeeefLe&ke HenuegDeeW meefnle peyejomle Je=ef Yeejleere DeLe&JeJemLee
ceW efieesej ngF&~ ke=ef<e ceW Gleej-e{eJe Je=ef kes ue#eCe peejer jns, mesJee #es$e ceW
meMekele Je=ef yeveer jner Deewj Deeweesefieke ceeseX Hej efvejblej megOeej kes efJeefMe ue#eCe
efieesej ngS~
Strategic Alliance entered into with Union Bank of India & IDFC for
loan syndication, International business, Cash Management, Cheque
Collection & Training facilities.
Memorandum of Understanding entered into for setting up a Life

Insurance joint venture with Dai-Ichi Mutual Life Insurance Co. and
Union Bank of India.
Major initiatives in international operations included opening of

branch at Antwerp (Belgium) a Representative office at Beijing &
upgradation of the Representative Office at Shenzen (China) into a
branch.
Bank has finalised acquiring of 76% stake in PT Bank Swadeshi Tbk,

a listed bank in Indonesia in order to boost its international presence.
Taken over management of Almana Exchange House at Doha, Qatar,

and Rupee drawing arrangements operationalized for facilitating
remittances to India by NRIs in the Gulf Countries, through internet
based speed remittance facility through the Exchange House.
Remittance arrangements also tied up through Bank Azizi in Kabul,
Afghanisthan for NRIs in Afghanisthan.
Jewefeke eJe=efeeeW kes DevegHe 2006-2007 ceW efJeeere yeepeej meeceeveleee DeefmLej yeve
jns~ Ge cegemHeerefle keer DeeMeeDeeW kes keejCe yeepe ojeW ceW {lee kee oewj yevee jne
efpemekes HeuemJeHe $eCe kes efJeefveeespeve keer leguevee ceW peceeDeeW ceW Oeerceer Je=ef ngF&~ Fme
kejCe $eCe SJeb pecee Je=ef ojeW ceW keesF& leeuecesue veneR yeve mekee~
ceee& 2007 keer efmLeefle kes Devegmeej kegue yeQke $eCe ceW 28% (. 4,10,285 kejes[) keer
Meeveoej Je=ef ngF& efpemeceW Keeeslej $eCe DeeCeer jns~ Smemeeryeerpe eje me=efpele peceeDeeW ceW
Je<ee&vegJe<e& DeeOeej Hej 23% keer Je=ef ope& ngF&~ Fmeer DeJeefOe kes oewjeve, mecee peceeDeeW ceW
16% keer Je=ef ngF& peyeefke ceebie peceeDeeW ceW Je=ef 24.5% Leer~ efHeues Je<e& keer lejn Fme
Je<e& Yeer $eCe Je=ef ves peceeJe=ef kees Heers es[ efoee~
Je<e& kes oewjeve Yeejle ceW HetBpeer eJeen meMekele yeves jns~ efJeosMeer efveJesMe eJeen ceW ngF& ye{le kes
HeuemJeHe osMeere HetBpeer yeepeejeW ceW lespeer kee oewj yevee jne~ 14 petve 2006 kees yeerSmeF&
meWmeskeme 8,929 kes ess mlej mes 09 HejJejer, 2007 kees 14724 leke pee HengBee~ 26
JeeHeej me$eeW ceW 13000 mes 14000 leke kes mlej keer wueer meQmeskeme kes efueS 1000 Hee@Fbdme
keer meyemes lespe ieefle Leer~ Hetbpeer yeepeej ceW DeeF& Meeveoej Geue {eBeeiele ceesex Hej ngF& meg{
eieefle kee Yeer HeefjCeece jner~
yeQke ves DeeefLe&ke Je=ef ceW meMekele eieefle kee ueeYe Geee Deewj meYeer #es$eeW $eCe kee efJemleej
efkeee efpemeceW eeLeefcekelee eeHle #es$e Deewj Kegoje #es$e Yeer Meeefceue nQ~ {eBeeiele #es$e ceW Yeer
Financial markets remained generally unstable during 2006-07 in line with

global trends. The interest rates firmed up due to higher inflationary
expectations resulting in slower growth in deposits compared to deployment
of credit, causing a mismatch in the credit & deposit growth rates.
FINANCIAL REVIEW
Vigorous growth with strong macro economic fundamentals characterised
development of Indian economy in 2006-07. While the up and down
growth pattern in agriculture continued, services sector maintained its
strong growth and there were distinct signs of sustained improvement on
the Industrial front.
As on March, 2007, non-food credit grew by a robust 28% (Rs.4,10,285

crore), whereas Deposits SCBs marked a year on year growth of 23%.
during the same period, Time deposits grew by 24.5% while the growth in
demand deposits was 16%. As in the previous year, this year too, credit
growth outpaced deposit growth.
Capital inflows into India remained strong during the year. The buoyancy
of foreign investment flows led to bullish sentiment in the domestic capital
markets. The BSE sensex rallied from a low of 8,929 on June 14, 2006 to
a high of 14724 on February 9, 2007. The rally from 13000 mark to the
14000 mark in 26 trading sessions was the fastest ever climb of 1000
points for the sensex. The upbeat mood of the capital markets was also a
result of steady progress made on the infrastructure front.
The Bank took advantage of the buoyancy in economic growth and
expanded credit in all segments including priority sector and retail. The
Bank increased its share in infrastructure sector and added new clientele
yeQke ves DeHeves efnmmes kee efJemleej efkeee Deewj kee@jHeesjs efJee leLee efveee&le efJee kes #es$eeW ceW
veee eenkeJeie& yeveeee~ mejkeejer efoMeeefveoxMeeW kes DevegHe ke=ef<e ceW Yeer $eCe eJeen ceW megOeej
Deeee~ kece ueeiele keer peceeDeeW kes mebenCe Hej peesj osvee peejer jne~
in the areas of corporate finance and export finance. The credit flow to
agriculture also improved in conformity with Government guidelines.
Thrust on mobilisation of low cost deposits continued.
Je<e& 2006-07 nsleg yeQke kee efJeeere keee&efve<Heeove meb#esHe ceW veeres efoee ieee nw(OevejeefMe HeS kejes[ ceW)
The Financial performance of the Bank for the year 2006-07 is summarised
below:(Amount in Rs. crore)
Meg yeepe Deee

iewj-yeepe Deee
Heefjeeueveiele Jee
Heefjeeueveiele ueeYe
eeJeOeeve/DeekeeqmcekeleeSb
Meg ueeYe
Deewmele Meg nwefmeele Hej eefleHeue (%)
Deewmele DeeefmleeeW Hej eefleHeue (%)
Depe&ve eefle Mesej (.)
yener cetue eefle Mesej (.)
2006-07
Net Interest Income
2631.98
3440.47
30.72
Non-Interest Income
1184.38
1562.95
31.96
Operating Expenses
2115.14
2608.43
23.32
Operating Profit
1701.22
2394.99
40.78
Provisions / Contingencies
999.78
1271.82
27.21
Net Profit
701.44
1123.17
60.12
16.28
22.28
36.86
0.68
0.88
29.41
Earnings per share (Rs.)
14.39
23.04
60.11
Book-value per share (Rs.)
93.77
112.75
20.24
Return on Average Networth (%)

Return on Average Assets (%)
yeQke kee Heefjeeueveiele ueeYe . 2394.99 kejes[ Lee DeLee&le 40.78%. keer Je=ef Meg
ueeYe . 701 kejes[ mes ye{kej . 1123.17 kejes[ nes ieee efpemeceW 60.12%. keer Je=ef
ope& keer ieF&~
iele Je<e& keer leguevee ceW Meg yeepe Deee ceW 30.72%. kee megOeej ngDee~
Je<e& kes oewjeve yeQke keer iewj-yeepe Deee . 1562.95 kejes[ Leer~ DeLee&led 31.96%. keer
Je=ef pees kegue Deee kee 14.55% nw.
cenlJeHetCe& GHeueeqyOe, ueeiele SJeb Deve efJeeere DevegHeele efvecveevegmeej nQ cenlJeHetCe& efJeeere DevegHeele
(eefleMele)
DeefeceeW mes ueeqyOe
efveJesMees mes ueeqyOe
efveefOeeeW mes ueeqyOe
peceejeefMeeeW keer ueeiele
efveefOeeeW keer ueeiele
(HeefjMeesOeve Jee es[kej)
efveJeue yeepe Deblej
Deewmele DeeefmleeeW ceW Deve Deee
Deewmele DeeefmleeeW ceW Heefjeeueve ueeiele
Deewmele DeeefmleeeW ceW meHe ueeiele
Deewmele DeeefmleeeW ceW Deve Heefjeeueve ueeiele
Deeefmle GHeeesie DevegHeele
kegue Deee ceW iewj-yeepe Deee
Meg Deee ceW iewj-yeepe Deee
Meg Deee kes eefle ueeiele
Je=e
f (%)
2005-06
Growth(%)
The Bank recorded an operating profit of Rs.2394.99 crore, growth of

40.78%. Net Profit increased to Rs.1123.17 crore from Rs.701 crore
recording an increase of 60.12%.
Net interest income showed an improvement of 30.72% over previous
year.
Non interest income of the Bank during the year was at Rs.1562.95 crore,
growth of 31.96% constituting 14.55% of total Income.
The important yield, cost and other financial ratios are as under:
Important Financial Ratios :
(Percentages)
2005-06
2006-07
Yield on Advances
7.58
8.52
7.31
Yield on Investments
7.15
7.31
7.40
7.89
Yield on funds
7.40
7.89
4.05
4.31
Cost of Deposits
4.05
4.31
4.37
4.69
Cost of Funds
(Excluding amortisation expenses)
4.37
4.69
3.03
3.20
Net Interest Margin
3.03
3.20
1.14
1.23
Other Income to Average Assets
1.14
1.23
2.04
2.05
Operating cost to Average Assets
2.04
2.05
1.28
1.27
Staff cost to Average Assets
1.28
1.27
0.76
0.78
Other operating cost to Average Assets
0.76
0.78
1.64
1.89
Asset Utilisation Ratio
1.64
1.89
14.42
14.55
Non-Interest Income to total Income
14.42
14.55
31.03
31.24
Non-Interest Income to Net Income
31.03
31.24
55.42
52.13
Cost to Net Income
55.42
52.13
2005-06
2006-07
7.58
8.52
7.15
10
#es$eJeej keee&efve<Heeove
Segment-wise performance
Je<e& 2006-07 kes oewjeve yeQke ves . 2394.99 kejes[ kee Heefjeeueveiele ueeYe Deefpe&le
efkeee~ kees<eeiej eje . 373.99 kejes[ kee eesieoeve efoee ieee leLee Deve yeQeEkeie
HeefjeeueveeW ves . 2317.20 kejes[ kee ueeYe Deefpe&le efkeee~ efveJeue iewj-Deeyebve eesie
Deee mes iewj-Deeyebve eesie Jee Je<e& 2006-07 ceW . 296.20 kejes[ Lee~
The Bank earned an Operating Profit of Rs.2394.99 crore during the Year
2006-07. The contribution made by Treasury was Rs.373.99 crore and
other banking operations earned a profit of Rs.2317.20 crore. The
unallocable expenditure net of unallocable income was Rs.296.20 crore
during the year 2006-07.
``HeefjHekeJelee leke Oeeefjle'' kes Debleie&le Deeves Jeeues efveJesMeeW kees ``m^s ueeFve Heefle''
DeHeveekej HeefjHekeJelee keer Mes<e DeJeefOe kes efueS 2005-06 kes eYeeJe mes HetCe& ceW $eCe
HeefjMeesOeve efkeee ieee Lee~ yeQke ves DeHe $eCe HeefjMeesOeve eeespeveeW nsleg ``keebmw eeru[
Heefle'' DeHevee ueer nw~ HeuemJeHe $eCe HeefjMeesOeve Jee iele Je<e& ceW . 240.94 kejes[
keer leguevee ceW Jele&ceeve Je<e& ceW . 242.75 kejes[ (osMeer) nw~
Investments under Held to Maturity were earlier amortised over the

remaining period of maturity by adopting Straight Line Method. With
effect from 2005-06, Bank has switched over to the Constant Yield
Method for amortisation purposes. Consequently the amortisation
expenses during the year are at Rs.242.75 crore (Domestic) as against
Rs.240.94 crore of the previous year.
ueeYeebMe
Dividend
yeQke ves 35% keer oj mes ueeYeebMe Ieesef<ele efkeee nw~ efpemeceW 20% Debleefjce ueeYeebMe Meeefceue nw
pees Henues ner efJeleefjle efkeee pee egkee nw Deewj Fme Je<e& kes efueS 15% Debeflece ueeYeebMe keer mebmlegefle
keer nw~ kegue ueeYeebMe Yegieleeve jeefMe . 170.59 kejes[ nw (ueeYeebMe efJelejCe kej es[kej)
The Bank has declared a Dividend at the rate of 35% comprising of 20%
interim dividend already distributed and 15% final dividend as against a
total of 30% of previous year recommended for the year. The total dividend
payment amounts to Rs.170.59 crore (excluding dividend distribution tax).
Hetbpeer
efJeeere Je<e& 2006-07 ceW yeQke keer efveJeue nwemf eele . 4577.26 kejes[ mes ye{kej . 5503.73
kejes[ nes ieF& nw~ Je<e& kes oewjeve yeQke ves . 10/- eefle Mesej kes 1600 FeqkeJeer MesejeW keer
peyleer kees j efkeee~ HeefjCeece mJeHe yeQke keer egkelee Hetbpeer ceW . 16,000/- keer ye{esejer ngF~&
Capital
Net worth of the Bank has increased to Rs.5503.73 crore from Rs.4577.26
crore in FY 2006-07. During the year the Bank annulled the forfeiture in
respect of 1600 equity shares of Rs.10 each. Consequently, the paid up
capital of the Bank has gone up by Rs.16,000/-.
HetBpeer Heee&Hlelee
Je<e& kes oewjeve yeQke kee HetpB eer Heee&Hlelee DevegHeele iele Je<e& kes 10.75% kes cegkeeyeues 11.58%
Lee, pees efveeeceke vetevelece DevegHeele 9% mes Gelej jne~ yeQke ves veS HejHeeregDeue
$eCe efueKeleeW kees peejer kej kegue etSme $ 85 efceueereve efej I HetBpeer Gieener yeQke ves Je<e&
kes oewjeve kegue . 1779.48 kejes[ keer efej II HetBpeer keer Yeer Gieener keer efpemeceW mes
. 1047.48 kejes[ efJeosMeer cege yeeb[dme mes (etSme $ 240 efceefueeve) SJeb osMeer eesleeW
mes . 732 kejes[ pegeF& ieF&~
HetBpeer Heee&Hlelee kes efJeJejCe efvecveevegmeej oMee&S ieS nQ
(. kejes[ ceW)
Capital Adequacy
The Banks Capital Adequacy Ratio of 11.58% during the year as against
10.75% during the previous year was higher than the regulatory
requirement of 9%. The Bank raised Tier I capital aggregating US $ 85
mn by raising innovative perpetual Debt instruments. The Bank also raised
Tier II Capital aggregating to Rs. 1779.48 crore during the year out of
which Rs. 1047.48 crore was raised through Foreign Currency Bonds (US
$ 240 million) and Rs. 732 crore through domestic route.
Details of Capital Adequacy are shown as under:(Rs. in crore)
31
ceee& keer efmLeefle As on 31st March
2006
jeefMe
Amount
2007
meerDeejSDeej
(%)
jeefMe
meerDeejSDeej
(%)
CRAR (%)
Amount
CRAR (%)
efej I HetBpeer
Tier I Capital
4552
6.75
5825
6.54
efej II HetBpeer
Tier II Capital
2696
4.00
4487
5.04
kegue HetBpeer
Total Capital
7247
10.75
10312
11.58
peesef]Kece Yeeefjle Deeefmleeeb
Risk Weighted Assets
67422
89081
11
eyebOeve eee& SJeb efJeMues<eCe
MANAGEMENT DISCUSSION AND ANALYSIS
keejesyeej JeeleeJejCe
Business Environment
Yeejleere DeLe&JeJemLee emejCeMeerue HeLe Hej Deemej nw leLee meeceeve Je=ef keer eeJemLee mes
Ge Je=ef keer Deewj ye{ jner nw~ JeemleefJeke kegue osMeer GlHeeo ceW 9.2% keer Je=ef ngF& pees
meer SmeDees kes Deefece Devegceeve Les~ eeuet Je=ef eeJemLee keer GuuesKeveere efJeMes<eleeSb Ge
efveJesMe oj, DeeOeejYetle #es$e ceW ye{esejer, ye=nod cee$ee ceW efJeosMeer HetBpeer kee Deble eJeen Deewj
efJeeere Iees ceW keceer Fleeefo nw~ Je<e& 2006-07 kes oewjeve 5.4% keer Deewmele cegemHeerefle
oj kes meeLe ye{le ngF& cegemHeerefle eEelee kee efJe<ee yeveer jner~
The Indian economy is on an expansionary path and has moved from a

phase of moderate growth to one of high growth. Real Gross Domestic
Product increased by 9.2% in the advance estimates of CSO. The notable
features in the current growth phase are high rate of investment, growth in
the infrastructure sector, huge foreign capital inflows and reduction in
fiscal deficit. Rising inflation continued to be an area of concern with an
average inflation rate of 5.4% during the year 2006-07.
Deeweesefieke ieefleefJeefOeeeW ceW Devegketue oMee, keejHeesjs ueeYeeolee SJeb JeeJemeeefeke

DeeMeeJeeefolee kes JeeleeJejCe keer Jepen mes eieefle ngF&~ Geesie ceW Je=ef keer uenj efvecee&Ce #es$e
ceW HengBeer JeeHeej, nessue, HeefjJenve, mebeej #es$eeW ceW meg{ Je=ef kes meeLe-meeLe efJee, yeercee
leLee efjeue Fms kes #es$eeW ves Ske meeLe mesJee #es$eeW ceW GlmeenJeOe&ke ye{esejer ope& keer pees
Je<e& 2006-07 ceW 11% keer oj mes ye{er Deewj ener Ske Je<e& Henues 10.3 Leer~
Industrial activity picked up in an environment of favourable demand

conditions, strong corporate profitability and business optimism. The
growth impulses within the industry also spread to manufacturing sector.
Strong growth in Trade, Hotels, Transport and Communications, as well
as Finance, Insurance and Real Estate Sectors together boosted growth in
the services sector, which grew at 11% during 2006-07 as against 10.3%
a year ago.
efJeeere Ieee 3.7% Lee, pees Devegceeefvele yepe mes kece nw~ (Deee ceW leerJelej Je=ef Deewj
efveee&le ceW meeHesef#ele efiejeJe osMe kes eefleketue JeeHeej meblegueve kee keejCe jns~ Fme DeJeefOe
kes oewjeve JeeHeej ceW Iees kee ece . 1,52,328 kejes[~
Fiscal deficit was lower than the budget estimates at 3.7%. Faster growth
in imports and a relative slow down in exports contributed to the Countrys
adverse trade balance. Trade deficit during the period was of the order of
Rs.1,52,328 crore.
cege DeeHetefle& ceW lJeefjle ieefle mes Je=ef ngF&~ JeeefCeeqpeke yeQkeeW eje cegKele $eCe kes Gelej
efJeefveeespeve kes keejCe Je<e& 2006-07 kes oewjeve Je<ee&vegJe<e& Je=ef 20.8% jner~
Money supply grew at an accelerated pace. The year on year growth

during 2006-07 was 20.8% driven mainly by higher deployment of credit
by commercial banks.
Je<e& 2006-07 kes oewjeve DeefOemetefele JeeefCeeqpeke yeQkeeW eje me=efpele peceejeefMeeeW ceW 23% keer
Je<ee&vegJe<e& Je=ef neefmeue keer ieF&~ Je<e& kes DeejbYe mes ner peceejeefMeeeW ceW Je=ef DeefeceeW ceW Je=ef keer
leguevee ceW Heers jner~ DeLe&JeJemLee ceW Je=ef keer efvejblejlee ves DeefeceeW keer ceebie kees HueJeveMeerue
yeveeS jKee~ Keeeslej $eCe ceW 28% keer Meeveoej Je=ef ngF& pees efke iele Je<e& 31.8% Leer~
Deposits mobilised by scheduled commercial banks marked a year on

year growth of 23% during 2006-07. The growth in deposits has been
lagging behind credit growth since the beginning of the year. The ongoing
boom in the economy has kept the demand for credit buoyant. Non-food
credit grew by a robust 28% on top of 31.8% in the previous year.
efoveebke 31 ceee&, 2006 keer efmLeefle kes Devegmeej efJeosMeer efJeefvecee eejef#ele efveefOeeeb etSme
$ 151.62 efyeefueeve mes ye{kej 31 ceee&, 2007 kees etSme $ 199.2 efyeefueeve nes ieF&~
me@ke yeepeej yeerSmeF& meWmeskeme kes meeLe DeefmLej yeves jns~ yee]peej ves Ske meceeeJeefOe Hej ceee&,
2007 kes Deble ceW Ske mecee yeeo ceekex kejskeMebme kes Heeele 13072 mlej Hej efiejeJe mes
Henues 14724 DebkeeW keer T@eeFeeW kees gDee Deewj 8920 kes efvecve mlej kees gDee~
Yeejleere Hees ceW etSme [e@uej kes cegkeeyeues ye{esejer yejkejej jner~ Yeejleere Hees ceW
efmelecyej 2006 mes ye{esejer nesvee DeejcYe ngDee Lee~ ceee&, 2007 ceW Hees ceW etSme [e@uej
kes efJe . 44.03 keer cetue Je=ef ngF&~ peyeefke ceee& 2006 ceW en . 44.61 Lee~
Foreign exchange reserves increased from US $151.62 billion as at end

March, 2006 to US $ 199.2 billion as on March 31, 2007.
The stock markets continued to be volatile with the BSE Sensex touching
a high of 14724 and a low of 8920 touching a level of 13072 points by end
March 2007 following market corrections over the period.
The Indian rupee continued to appreciate against the U.S. Dollar. The
rupee started gaining from September 2006 onwards. In March, 2007, the
rupee appreciated to Rs.44.03 against the U.S. Dollar as against Rs. 44.61
in March 2006.
Deeweesefieke {ebee SJeb efJekeeme
Industry Structure and Developments
eeefHe ke[er cege MeleX cegKele efJeefveeeceke kes ke[s ceeveob[eW Deewj pecee SJeb $eCe keer
yescesue Je=ef ojeW kes keejCe DeefYeYeeJeer jner, Je<e& 2006-07 efJeeere yeepeejeW ceW meeceevele
eceye KeeW kee mee#eer jne~
The Year 2006-07 generally witnessed orderly trends in the financial

markets although tight money conditions prevailed mainly on account of
stringent norms of the regulator and on account of mismatch in deposit
and credit growth rates.
$eCe keer ye{leer ceebie kees Hetje kejves kes efueS Deveske yeQkeeW ves osMeer leLee Debleje&êre yeepeejeW
mes efveefOeeeb pegeves kee GHeee efkeee~
To meet the rising demand for credit several banks resorted to raising
funds from domestic & international markets.
peceejeefMeeeW Hej Deefpe&le yeepe Hej eesle Hej kej keewleer keer yeepe meercee . 5,000/eefleJe<e& mes ye{ekej . 10,000/- keer ieF&~ Je<e& kes oewjeve eCeeueer mes Deefleefjkele lejuelee
kees neves Je cegemHeerefle kees efveebef$ele kejves kes GsMe mes Yeejleere efj]peJe& yeQke eje veieoer
eejef#ele DevegHeele kees 5.0% mes ye{ekej 6.5% efkeee ieee~ efJeeere yeepeejeW ves peceejeefMeeeW
Deewj $eCeeW Hej yeepe oj ye]{ekej Fve ieefleefJeefOeeeW Hej DeHeveer eefleefeee Jekele keer~
The limit for tax deduction at source on interest earned on deposits has
been raised from Rs.5000 a year to Rs.10000/-. During the year, the Cash
Reserve Ratio was raised by the RBI from 5.0% to 6.5% with a view to
drain excess liquidity from the system and check inflation. Financial
markets responded to these developments through raising the interest
rates on deposits & credit.
12
efjeue Fms #es$eeW, yekeeee esef[ kee[& eeeqHleeeW $eCeeW leLee DeefeceeW pees HetBpeer yeepeej
SkemeHeespeme& kes He ceW eesielee jKeles nQ Deewj Jeweeqkeleke $eCeeW kes efueS Yeejleere efjpeJe&
yeQke eje ye{les Deeefmle cetueeW Deewj Fve #es$eeW ceW Demeblegefuele $eCe eJeen kees efveebef$ele
kejves nsleg eeJeOeeve ceeveob[eW kees keesj efkeee ieee~ Fve eJeieeX ceW ceeveke DeeefmleeeW kes
mebyebOe ceW eeJeOeeve kejves keer DeeJeMekelee Ske eefleMele kes Jele&ceeve mlej mes ye{ekej
oes eefleMele keer ieF&~ iewj-yeQeEkeie efJee kebHeefveeeW kees ceeveke Deeefmle eJeie& ceW yeQke $eCe
peesefKece kes efueS eeJeOeeve kejves keer DeeJeMekelee kees Jele&ceeve 0.4% mes ye{ekej 2%
efkeee ieee~
DeJemej
The RBI tightened provisioning norms for real estate sector, outstanding
credit card receivables, loans and advances qualifying as capital market
exposures and personal loans in order to check increasing asset prices and
also lop sided flow of credit into these sectors. The provisioning requirement
in respect of standard assets in these categories was increased to two percent
from the existing level of one percent. Also, Provisioning requirement for
bank's exposure in the standard assets category to non-banking finance
companies increased to 2% from the existing level of 0.4%.
osMe keer Gvveefle nsleg Je<e& 2003-04 kes oewjeve Geee ieee keoce Fme Je<e& ceW cepeyetleer kes
meeLe Deeies ye{e~ HeefjCeecemJeHe GlmeenJeOe&ke Deeweesefieke keee&efve<Heeove Deewj keejesyeej
SJeb efveJesMe kee DeeMeeJeeefoleeHetCe& JeeleeJejCe meeceves DeeS~ Fme Je<e& $eCe keer ceebie ye{vee
DeHesef#ele nw efpememes yeQke keer Heefjeeueveiele Deee ceW Yeer Je=ef nesieer~
The step up in the Countrys growth during 2003-04, strengthened into an

upward shift during the year resulting in a buoyancy in industrial
performance and an optimistic business and investment climate. Demand
for Credit is expected to grow which in turn is likely to increase the
operational income of banks.
en Devegceeve ueieeee ieee nw efke osMe keer pevemebKee ceW mes ueieYeie 56 efceefueeve leLee eeceerCe
pevemebKee kee 70% yeQke jefnle nw~ yeQkeeW kes Heeme DeHeves keejesyeej efJekeeme nsleg Demeerce
mebYeeJeveeSb nQ, eefo Jes 50 efceefueeve yeQke jefnle Deewj eeceerCe pevelee mes jCeveerefle Deewj
efJeefYeVe efJeeere meneelee eespeveeDeeW kes eeeespeve kes peefjS mebHeke& kejW~ Fme yeele kees Oeeve
ceW jKeles ngS efke eeceerCe HeefjJeejeW ceW mes efmeHe& 21 eefleMele ner DeewHeeeefjke $eCe uesles nQ~ Fme
#es$e ceW DeLe&#ece/ yeQke eee eespeveeDeeW kes eeeespeve mes $eCe efJemleej keer ye=nled mebYeeJevee nw~
It is estimated that about 56 million of the Countrys population and 70%

of the rural population is unbanked, banks have immense potential to grow
their business, if they tap the 50 million unbanked and rural populace
strategically through promoting various schemes for financial inclusion.
Considering that only 21 percent of the rural households avail formal credit,
there exists a large scope for credit expansion by promoting viable/bankable
schemes to this segment.
kesvere yepe 2007-08 ceW Ske meercee leke Gme neefve kees kece efkeee nw efpemes JeeefCeeqpeke
yeQkeeW ves Yeejle mejkeej keer ueIeg yeele eespeveeDeeW Deewj FeqkeJeer Je $eCe yeepeej GHekejCeeW
kes cegkeeyeues menve efkeee~ yeQke peceejeefMeeeW Hej eesle Hej kej keewleer meercee . 5,000
eefleJe<e& mes . 10,000/- kes efveOee&jCe leLee kebHeefveeeW kes efueS ueeYeebMe efJelejCe kej ceW
Je=ef ves yeQke pecee ceW efveJesMe kees Deewj DeefOeke Deeke<e&ke yevee efoee nw. Fvemes yeQke kes pecee
mebenCe leLee efJeYesoke yeepe oj eespevee kes Debleie&le eeemeeW keer ieefle leerJe nesieer~ yeepe
eespevee mebefcee $eCe meercee . 6500/- mes ye{ekej . 15000/- keer ieF& Deewj DeeJeeme
$eCe meercee . 5000/- mes 25000/- eefle ueeYeeLeea ye{eF& ieF&~ FmeceW yeQkeeW keer meneelee
leLee Gvekes efJeeere DebleJexMeve kes eeemeeW ceW Je=ef nesieer~
The Union Budget 2007-08 has to an extent reduced the disadvantage

Commercial Banks suffered compared to Small Savings Schemes of the
Government of India and also the equity & debt market instruments.
Raising of TDS ceiling on interest on bank deposits from Rs.5,000 a year
to Rs.10,000 and also increasing the Dividend Distribution Tax for
Companies has made investment in bank deposits more attractive now.
This is likely to give an impetus to Banks deposit mobilization efforts.
Also, under differential rate of interest scheme composite loan limit has
been raised from Rs.6500 to Rs.15000 and housing loan limit raised from
Rs.5000 to Rs.20000 per beneficiary. This is likely to help and enhance
financial inclusion efforts of banks.
kesvere yepe 2007-08 ceW ke=ef<e $eCe #es$e kes Debleie&le 50 ueeKe Deefleefjkele ke=<ekeeW kees
ueeves kes emleeJe kes meeLe ueieYeie . 225000 kejes[ kes ke=ef<e $eCe kee emleeJe efkeee ieee
nw~ Fme ekeej DeLe&JeJemLee ceW ke=ef<e kes cenlJe kees Hegve jsKeebefkele efkeee ieee~
About Rs.225000 crore farm credit has been proposed in the union budget
2007-08, with a proposal to bring additional 50 lakh farmers under farm
credit purview. Thus the importance of agriculture in the economy is
once again underlined.
Je<e& 2006-07 kes oewjeve yeQkeeW keer yee@ceueeFve meceefle GOJeexvcegKe neWies keeeWefke Yeejleere
efj]peJe& yeQke ves Hee$e meer.Deej.Deej. Mes<eeW Hej esCeerye yeepe osves kee efveCe&e efueee nw, efpemes
vetvelece 3% kes ueieYeie jKee ieee nw~ leLeeefHe, ceee& 2007 kes yeeo Fmekes peejer jnves keer
mebYeeJevee veneR nw~
The bottomlines of banks would look up for the time being during 200607 as RBI decided to pay graded interest on eligible CRR balances held
above the minimum 3%. However, this is not likely to be continued beyond
March 2007.
Opportunities
Kegoje yeQeEkeie, Jele&ceeve mecee ceW Ske efJekeeme Fbpeve kes He ceW JeeHeke mebYeeJeveeDeeW kes
meeLe GYeje nw~ Fmekes Deefleefjkele, Fme #es$e ceW Gelej emeej, efvecvelej mebJeJenej ueeiele
leLee yesnlej Jemetueer DevegHeele keer mebYeeJeveeSb nQ~ leLeeefHe, Yeejleere efjpe&Je yeQke ves yeQkeeW kees
en meueen osles ngS esleeJeveer oer nw efke Jes ye{leer cegemHeerefle kees kece kejves nsleg Kegoje $eCe
cegnwee kejeves kes mebyebOe ceW DeHeveer ieefle Oeerceer jKeW~
Deeieeceer Je<eeX ceW meceskeve keer Deesj Peeve ye{ mekelee nw keeeWefke Jewefeke eeflemHeOee& ceW
Deekeej ceeeves jKelee nw~ Yeejleere yeQkeeW kees DeHevee Gefele mLeeve yeveevee nw leLee Debleje&êre
ceevekeeW kes Devegmeej DeHevee Deekeej ye{evee nw, efpememes Jes Gve egveewefleeeW leLee eefleeesefieleeDees
kee meecevee kej mekeW, pees DeevesJeeues Je<eeX ceW meeceves DeeSbieer~
Retail banking has emerged as a growth engine in the recent past with
vast potential. Besides, this sector offers higher spread and better recovery
ratio. RBI has, however, sounded a caution to banks advising them to
go slow on Retail lending in order to contain rising inflation.
In the coming years there may be increasing trend towards consolidation
as size matters in global competition. Indian banks will have to position
themselves appropriately and enlarge their size in line with international
standards to face the challenges that are ahead in the coming years and
also face competition.
yeQkeeW kes efueS Deye Ske veee ceeie& Keguee nw~ yeQke Heesm Dee@efHemeeW kes meeLe efceuekej Deeies
keoce ye{eSb Deewj JeeefCeeqpeke yeQkeeW kes efueS Menjer leLee eeceerCe oesveeW ceW mesJeeSb eoeve kejW
peneB JeeefCeeqpeke yeQkeeW kee eJesMe megiece veneR nw~
A new avenue has opened up for banks with post offices stepping into
front end retailing services for commercial banks in both urban and rural
areas where commercial banks do not have sufficient penetration.
13
egveewefleeeB
Yeejleere DeLe&JeJemLee DemeeOeejCe leewj mes YeueerYeeBefle ye{ jner nw~ leLeeefHe, JeweerkejCe ves
keefleHee mebyeleeSb mLeeefHele keer nw efpevekeer Jepen mes Debleje&êre jepevewefleke SJeb DeeefLe&ke
Heefj<eeW ceW DeefmLejlee Yeejleere DeLe&JeJemLee kees eYeeefJele kejsieer~ efJeMes<ekej lesue leLee
merue kes cetueeW ceW DeefmLejlee mes Yeejleere DeLe&JeJemLee Hej eefleketue eYeeJe He[e nw~
ie=nefvecee&Ce #es$e DeLeJee mJeeeefuele Geesie kes #es$e ceW Oeerceerieefle mes $eCe efvekeemeer Hej Deewj
Jemetueer eefeee Hej Yeer eefleketue Demej He[ mekelee nw~
efJeefveeeceke yeQkeeW mes DeLe&JeJemLee kes keefleHee YeeieeW ceW $eCe ye{esejer kees efveebef$ele kejves
nsleg ueieeleej DevegjesOe kejles nQ leeefke cegemHeerefle Hej efveeb$eCe efkeee pee mekes~ efmelebyej 2004
mes efjJeme& jsHees/jsHees ojW 150 yeerHeerSme mes Deewj meerDeejDeej 150 yeerHeerSme mes ye{eF& ieF&, efpememes
yeQeEkeie eCeeueer mes lejuelee kees ner meesKe efueee ieee~ DeleSJe, eueeeceeve $eCe keee&eceeW
kes efueS mebmeeOeveeW kee mebenCe Yeer yeQkeeW kes me#ece otmejer egveewleer nw~ Fmekes HeuemJeHe
peceejeefMeeeW Deewj DeefeceeW Hej yeepe ojeW ceW Je=ef ngF& nw~
eeJeOeeve kejves keer DeeJeMekeleeDeeW ceW Je=ef nesves mes Yeer yeQkeeW keer ueeYeeolee Hej cenlJeHetCe&
eYeeJe He[ mekelee nw~ efJeefveeeceke kes Fve efveeb$eke GHeeeeW ves efiejles ngS GlHeeoveeW Deewj
ye{leer ueeieleeW kee peesefKece GlHeVe efkeee nw efpememes ueeYe kes ceeefpe&ve Hej oyeeJe He[e nw~
Dele yeQke veJeerve #es$eeW ceW Hew yeveekej leLee HeefjceeCe Je=ef Fleeefo kes peefjS ueeYeeolee
yeveeS jKeves/ueeYeeolee ceW megOeej ueeves keer egveewleer kee meecevee kejves kej jns nQ~
eeweesefiekeer ves yeQke Hej He[ves Jeeues yeesPe kees nukee efkeee nw leLee yeQkeeW kes efueS JewkeefuHeke
ewveueeW kes efJekeeme kees me#ece yeveeee nw~ leLeeefHe, ceuer ewveue JeeleeJejCe ceW Heefjeeueve
kejvee yeQkeeW kes efueS Jeneb leke Ske egveewleer nw, peneB leke efke eenke efkemeer Yeer ewveue eje
Heefjeeueve kejves nsleg eeve kej mekeles nQ Deewj yeQke kees meYeer ewveueeW eje Devegketue leLee
Glke= mesJee eoeve kejveer nesieer~
leerJe eefleeesefielee, efJeMes<ekej efvepeer #es$e Deewj efJeosMeer yeQkeeW kes keejCe nesvesJeeueer eefleeesefielee
Deeies Deewj ye{sieer~ yeQke kees DeHeveer eeweesefiekeer leLee GlHeeoeW kees yeepeej keer ceebie kes
Devegmeej ueieeleej Deeleve kejles jnvee nesiee leLee meceke#eeW keer #eceleeDeeW kes Devegketue Yeer
yeveevee nesiee~
efJeeere meceeJesMeve Deye Ske efJekeuHe veneR nesiee, yeefuke en Ske DeefveJeee&lee nesieer~ yeQke
kes efueS ienjeF& mes eEeleve kejvee DeeJeMeke nesiee efke Fme egveewleer kees efkeme ekeej DeHeves
Heefjeeueve JeeeW Hej yeesPe [eues efyevee DeefOeke mes DeefOeke `vees efeue SkeeGbdme' ceW Je=ef
kejles ngS Hetje kejW leLee Fme DeYeeme kees Ske JeJenee& emleeJe yeveeSb~
yeQeEkeie Geesie kees Ske DeleefOeke keefve Hejer#ee mes iegpejvee nesiee, peye efJeueeve leLee
DeefOeenCe keer eefeee Meg nesieer~ peye eeflemHeOee& kes keejCe keejesyeej efJemleej leLee ueeYe
keer mebYeeJevee mebieefle ceeie& mes peg[sieer leLee Demebieefle ceeie& DeHeveeles ngS efJeueeve Je DeefOeenCe
kes ceeOece mes Ske DeefveJeee&lee yevesieer Deewj yeQkeeW kes efueS Deeves Jeeues Je<es ceW Fme cegs kee
meecevee kejvee yengle ye[er egveewleer nesieer~
Challenges
peesefKece SJeb efveeb$eCe
RISK & CONTROL
peesefKece eyebOeve
Risk Management
yeQke ves peesefKece eyebOeve kes efueS Ske meceeqvJele efkeesCe DeHeveeee nw~
The Bank has adopted an integrated approach to risk management.
The Indian economy is growing exceptionally well. However, globalisation

has established certain linkages due to which volatility in international
political & economic scenarios will affect the Indian economy. In particular,
volatility in oil and steel prices has adversely affected the domestic
economy. A slowdown in the housing sector or auto industry may have
adverse impact on the credit offtake and also the recovery process.
The regulator has been continuously urging banks to check credit growth
in certain segments of the economy in order to reign in inflation. Since
September, 2004, the reverse repo/repo rates have been raised by 150
bps and CRR by 150 bps thereby sucking liquidity from the banking
system. Garnering resources for ongoing lending programmes therefore,
is another challenge for banks. This has resulted in an increase in interest
rates across the board for deposits as well as advances.
Also the increase in provisioning requirements would have a significant
impact on the profitability of banks. These controlling measures of the
regulator have created a threat of declining yields and increasing costs,
thus squeezing profit margins. Banks are, therefore, facing the challenge
of maintaining/improving the profitability by tapping newer areas,
increasing volumes, etc.
Technology has made deeper inroads into banking operations and has
enabled the development of alternative channels for the banks.
Nevertheless, operating in a multi channel environment is a challenge to
the bank in so far as the customers could choose to operate through any of
the channels and the bank will have to provide consistent and quality service
through all channels.
Intense competition, particularly from private sector players and foreign
banks is likely to increase further. The Bank has to continuously update
its technology and products according to the market expectations and also
match up to the capabilities of its peers.
Financial inclusion is no longer an option, it is a compulsion. Bank needs
to think deeply on how to meet this challenge of adding more and more
no frill accounts without creating excessive burden on its operating
expenses and make the exercise a viable proposition.
Banking industry will be put to an acid test when the process of mergers
and acquisition commences. When the scope for expanding business &
profits through organic route is getting limited due to competition, adopting
the inorganic route through mergers & acquisitions becomes a necessity
preparing to face up to this issue is a very big challenge for banks in the
coming years.
Risk Management is a Board driven function in the Bank. At the apex

level, there is a Board level Risk Management Committee. At the
operational level, a full-fledged Risk Management Department headed by
a General Manager has been put in place. The Bank also has Committees
of top executives for managing various risks viz.- Asset Liability
Management Committee (ALCO) for management of market risk. Credit
Risk Management Committee (CRMC) for management of credit risk,
Committee for Operational Risk Management (CORM) for management
of operational risk.
peesefKece eyebOeve yeQke ceW yees[& eje mebeeefuele keee&keueeHe nw~ peesefKece eyebOeve leb$e kes Meer<e&
mlej Hej Ske yees[& mlejere peesefKece eyebOeve meefceefle ieefle nw~ Heefjeeueve mlej Hej Ske
HetCe&keeefueke peesefKece eyebOeve efJeYeeie keee&jle nw, efpemekes ecegKe Ske ceneeyebOeke nesles nQ~
yeQke ceW efJeefYeVe peesefKeceeW kee eyebOe kejves nsleg Ge keee&HeeuekeeW keer meefceefleeeb Yeer nesleer nQ
pewmes - yeepeej peesefKece kes eyebOeve nsleg Deeefmle oselee eyebOeve meefceefle (SSuemeerDees) $eCe
mebyebOeer peesefKece kes eyebOeve nsleg $eCe peesefKece eyebOeve meefceefle (meerDeejScemeer) Heefjeeueveiele
peesefKece kes eyebOeve nsleg Heefjeeueveiele peesefKece eyebOeve (meerDeesDeejSce)~
14
Gece JeeHle peesefKece eyebOeve, $eCe peesefKece eyebOeve, Heefjeeueveiele peesefKece eyebOeve, yeepeej
peesefKece eyebOeve, SSueSce SJeb [ereEueie ce Heefjeeueve Fleeefo meYeer ecegKe veerefleeeW kees
ueeiet efkeee ieee nw~ peesefKece eyebOeve meueenkeej DeeF&SceSmeerSme (DeeF&meerDeejS cewvespeceW
kebmeefubie meefJe&mespe) keer DevegMebmeeDeeW kes DeeOeej Hej eCeeefueeeW SJeb GHekejCeeW kes meeLemeeLe jseEie ceW DeefOeke yeerpeekeejlJe jKeves Jeeues veS jseEie cee@[ume keer MegDeele keeee&vJeeve
keer eefeee ceW nw~ mebMeesefOele $eCe jseEie cee@[ume kes Gleej-e{eJe kes meeLe meeLe yeQke ves
eeweesefiekeer SJeb SceDeeF&Sme kes GVeeve nsleg meneeke keee&-keueeHeeW keer ieefle leerJe kej oer
nw~ 1044 MeeKeeDeeW ceW meeryeerSme efkeee ieee nw~ [se Jesej neGeEmeie eespeske ueeiet efkeS
peeves kes GVele ejCe ceW nw~ Fmemes efJeMues<eCe nsleg JeeHeke meteveeSb emlegle keer pee mekeWieer~
All major policies for Enterprise wide risk management, Credit risk
management, Operational risk management, Market risk management,
ALM and Dealing room operations are put in place. Based on the
recommendations of the Risk Management Consultants IMACS (ICRA
Management Consulting Services), systems and tools including
introduction of new rating models having greater granularity in ratings
are in the process of implementation. In tandem with rolling out revised
credit rating models, the bank has geared up support functions in upgrading
technology and MIS. CBS has been implemented in 1044 branches. Data
warehousing project is at an advanced stage of implementation to provide
comprehensive information for analysis.
yeQke keer peesefKece HejsKee kees efleceener DeeOeej Hej Deeleve efkeee peelee nw~ yeQke HetBpeer
Heee&Hlelee keer ieCevee nsleg $eCe leLee yeepeejCe peesefKece kes efueS ceevekeerke=le efkeesCe Hej
Deewj Heefjeeueveiele peesefKece kes efueS cetueYetle mebkesleke efkeesCe Hej DeeOeeefjle veS HetBpeer
Heee&Hlelee esceJeke& (yeemesue II) ceW efoveebke 31.03.2008 kes eYeeJe mes HeefjJele&ve kes efueS
Yeejleere efj]peJe& yeQke kes eeHe efoMeeefveoxMeeW kes Devegmeej leerJe ieefle mes keej&JeeF& kej jne nw~
Risk Profile of the Bank is updated quarterly. The Bank has been
undertaking parallel run for computation of capital adequacy under New
Capital Adequacy Framework (Basel II) based on Standardised Approach
for Credit and Market Risk and Basic Indicator Approach for Operational
Risk and is geared up to align with RBIs draft guidelines for undertaking
computation of capital charge and migration to Basel II effective
31.03.2008.
yeQke Deeies keoce ye{eles ngS DeefOeke Heefj<ke=le efkeesCeeW ceW DeblejCe nsleg leweejer kej jne
nw~ yeQke eje peesefKece eyebOeve eCeeueer keer eYeeJeMeeruelee SJeb meg{lee ceW Je=ef nsleg Ske
HejsKee leweej keer ieF& nw~
Going forward the Bank is preparing for migration to more sophisticated

approaches. A roadmap for enhancing the effectiveness and robustness of
risk management systems has been prepared by the Bank.
Deebleefjke efveeb$eCe eCeeefueeeb SJeb Gvekeer Heee&Hlelee

efJeefYeVe ekeej keer uesKee-Hejer#ee kes efueS efveosMeke ceb[ue keer uesKee-Hejer#ee meefceefle eje
efJeefOeJele Devegceesefole megmHe uesKee-Hejer#ee veerefle Je DevegosMe Hegefmlekee yeQke ceW GHeueyOe nw~
DeefOekeeefOeke MeeKeeDeeW kees keesj yeQeEkeie eCeeueer mes pees[ves kes yeeo Ske megHeefjYeeef<ele
metevee eCeeueer uesKee-Hejer#ee veerefle Yeer yeQke ceW ueeiet keer ieF&~
meceJeleea uesKee-Hejer#ee eCeeueer kees Deewj meg{ efkeee ieee nw efpemekes Debleie&le Yeejleere efj]peJe&
yeQke eje Deefece leLee pecee oesveeW kes efueS efveOee&efjle 50% kes mlej kes efJe Deefece kes
81.27% leLee pecee kes 66.84% kees keJej efkeee ieee nw~ Je<e& kes oewjeve efveOee&efjle keee&ece
kes Devegmeej 2089 MeeKeeDeeW keer metevee eCeeueer uesKee-Hejer#ee keer ieF&~
Yeejleere efj]peJe& yeQke eje mLeeefHele efkeS ieS yeQkeeW kes peesefKece DeeOeeefjle Hee&Jes#eCe kes
GsMeeW kes DevegHe meYeer MeeKeeDeeW kees elegLe& Je<e& kes efueS peesefKece DeeOeeefjle Deebleefjke
uesKee-Hejer#ee eCeeueer kes Debleie&le eceMe ueeee ieee~
Internal Control Systems and their adequacy
ceeveJe mebmeeOeveeW kee efJekeeme
Developments in Human Resources
meYeer kees efveeefcele Deewj meceeve DeJemej eoeve kejvee leLee meeLe ner meeLe eesie keeefce&keeW kees
esefjle kejvee ner yeQke keer SeDeej veerefleeeW kee GsMe nw~
yeoueleer ngF& keejesyeejer DeeJeMekeleeDeeW kes cesvepej ceeveJe mebmeeOeve Jetnjevee kees megmebiele
yeveeves kes efueS yeQke eje Deveskeeveske Henue keer ieF& nw~ kece&eejer esjCee mebyebOeer eespevee
iele Je<e& Meg keer ieF& Leer efpemeceW yeQke kes keeefce&keeW kee Ske ye[e Jeie& Meeefceue efkeee
ieee Lee~ efkemeer keeefce&ke kes keee&efve<Heeove kees ceevelee osves Deewj meeLe ner meeLe Hetjer
erce kes meecetefnke keee&efve<Heeove kees Yeer ceevelee eoeve kejves kes efueS JeeqkeleDeeW Deewj
erce kes keee&efve<Heeove kes efueS Hegjmkeej efoS ieS nQ~ yeQke, keee&efve<Heeove mes esefjle mebmke=efle
keer Deesj Deemej nes jne nw~
eeflemHeefOe&eeW eje HesMe keer pee jner egveewefleeeW kee meecevee kejves nsleg meHe meomeeW kes efueS
DeeJeMeke keewMeue kes GVeeve ceW yeQke eje Deveskeeveske Henue keer ieF& nQ~ metevee eeweesefiekeer
Hej efJeMes<e peesj nesves kes keejCe meHe kes %eeve Deewj o#elee mlej kees Geves nsleg Deebleefjke
eefMe#eCe keee&ece Deeeesefpele efkeS ieS~
The Banks HR practices aim at providing regular and equal opportunities

to all while at the same time motivating the competent employees.
Well defined Audit policies duly approved by Audit Committee of Board

of Directors and Manual of Instructions are in place for various types of
audit. Consequent upon bringing more and more branches under Core
Banking Solution, a well defined Information Systems, Audit policy has
also been put in place.
Concurrent Audit has been further strengthened covering 81.27% of
Advances and 66.84% of Deposits of the Bank as against the RBI stipulated
level of 50% of each. Information Systems Audit of 2089 Branches and
other Offices has been carried out as per schedule during the year.
In line with the objectives of Risk based supervision of Banks propounded
by the Reserve Bank of India, all the branches have been brought under
Risk based Internal Audit system for the 4th year in succession.
A number of initiatives were taken by the bank towards realigning the

human resource strategy with the changing business requirements. An
Employee Motivation Scheme introduced last year was in force to cover
a large section of the employees of the bank. In order to recognize the
performance of an individual and at the same time recognize the collective
performance of the team as a whole, the awards were given for individual
as well as team performance. Bank is moving closer to performance driven
culture.
A number of initiatives were taken by the bank in ensuring upgradation of
the skills required by the staff members to take on the challenges posed by
the competitors. In-house training programmes were conducted to upgrade
the knowledge and skill levels of employees with special emphasis being
on IT.
yeQke ceW Deeweesefieke mebyebOe meewne&HetCe& Deewj meceYeeJeer nQ~ yeQke mes mebyebefOele efkemeer
Yeer efJe<ee Hej Ske Yeer ceeveJe efove JeLe& veneR efkeee ieee~ keeceieej mebIe, DeefOekeejer
The Industrial Relations in the Bank are cordial and harmonious. To

emphasize, not a single man day was lost on any of the issues pertaining
15
mebIe Deewj eyebOeve kes eefleefveefOe yeQke kes meJee&ieerCe efJekeeme Deewj mece=ef kes efueS
efceuekej keece kejles nQ~ meesne&HetCe& mebyebOeeW kes keejCe yeQke ves Je<e& ceW Deer eieefle
neefmeue keer nw~
to the Bank. The representatives of Workmen Union, Officers Association

and Management have been working collectively for achieving all round
growth and prosperity of the Bank. On account of cordial relations, the
Bank has achieved considerable growth over the year.
efkeesCe
Outlook
DeLe&JeJemLee ves ceOece Je=ef mlej mes efvekeuekej Ge Je=ef kes veS ejCe ceW eJesMe efkeee nw~
Deewue-peveJejer 2007 keer DeJeefOe kes oewjeve Deeweesefieke #es$e eje 11 eefleMele keer Je=ef
tves kes meeLe ner Deeweesefieke HegvelLeeve ngDee nw~ mesJee #es$e ves Yeer JeemleefJeke mekeue Iejsuet
GlHeeo ceW 11% kee eesieoeve efoee~
The economy has moved from a phase of moderate growth to a new

phase of high growth. There has been industrial resurgence with the
industrial sector touching 11 percent growth during the period April
February, 2007. The services sector too contributed 11% to Real GDP
during 2006-07.
efveJesMe Je=ef keer Ge oj, mebjevee #es$e ceW lespeer Deewj ueieeleej efJeosMeer Hetbpeer DeeJeke mes
Ge DeLe&JeJemLee Je=ef kes meeLe yeQkeeW kes efueS veS DeJemej peejer jnves keer mebYeeJevee nw~
Fme ekeej 2007-08 ceW keejesyeej Je=ef GppeJeue jnves keer mebYeeJevee nw~
High rate of investment growth, pick up in the infrastructure sector and

continuous foreign capital inflows are likely to make the high economic
growth sustainable throwing up new opportunities for banks. Thus outlook
for business growth during 2007-08 is bright.
ke=ef<e #es$e ceW mejkeej keer cenlJeekeeb#eer efveJesMe eespevee yeQke kes efueS efJeeHees<eCe nsleg veF&
eleeMee kee yeerpeejesHeCe kejsieer~ SmeSceF& #es$e kees efoS pee jns peesj kees osKeles ngS Fme #es$e
ceW Yeer Je=ef kes Des DeJemej keer Gcceero yeQke kees nw~
Governments ambitious investment plans for agriculture sector would

open new vistas of financing for the Bank. The bank visualises good
opportunities for growth in the SME sector too in view of the thrust given
to the same.
.
GYejleer ngF& egveewefleeeW SJeb eefleeesefielee kee meecevee meHeueleeHetJe&ke megefveefele kejves kes efueS
yeQke ves keF& keejesyeej SJeb metevee eeweesefiekeer mebyebOeer Henue keer nQ~
The bank has taken various business & I.T. initiatives during the year to
ensure that emerging challenges and competition can be faced successfully.
yeemesue - II ceevebo[eW kees osKeles ngS peesefKece eyebOeve eCeeueer kees yesnlej yeveeee pee jne nw~
eenkeeW keer yeoueleer DeHes#eeDeeW Hej efJeeej kejles ngS yeQke eje veS GlHeeo peejer efkeS pee
jns nQ~ efJe%eeHeve jCeveerefle kees Yeer veS efmejs mes leweej efkeee ieee nw Deewj Ske veee yeeb[
Meer<e&ke `èfjMleeW keer pecee HetBpeer'' YeeJeveelceke mlej Hej eesleeieCeeW kees eYeeefJele kejves kes
efueS mJeerkeej efkeee ieee~ Devleje&êre Heefjeeueve kee efJemleej efkeee pee jne nw Deewj yeQke
efJeosMeeW ceW DeHeveer MeeKeeDeeW kee vesJeke& ye{e jne nw~
Risk Management systems are being improved in keeping with the Basel
II norms. Taking into account the changing requirements of customers,
new products are being launched by the Bank. Advertising strategy has
also been revamped and a new brand caption Relationships beyond
Banking was adopted to address audience segments at an emotional level.
International operations are being expanded and the Bank is extending its
network of branches abroad.
meg{ DeeOeej, ye[s MeeKee vesJeke& Deewj eeweesefiekeer mebmeeOeve mes yesnlej keejesyeej Deewj Strong fundamentals, large branch network and technological resources
are expected to help improve business and earnings. The large presence
Deee ceW meneelee efceuevee DeHesef#ele nw~ eeceerCe #es$eeW ceW yeQke keer ye=no mlej Hej GHeefmLeefle mes of the Bank in rural areas offers significant scope for growth of business.
keejesyeej Je=ef keer GuuesKeveere iegbpeeFMe nw~ DeevesJeeues Je<eeX ceW keejesyeej kes efueS GppeJeue The Bank is confident of a bright outlook for business during the coming
mebYeeJevee kes eefle yeQke Deeemle nw~
years.
BUSINESS REVIEW
keejesyeej meceer#ee
Deposits
peceejeefMeeeB
yeQke keer peceejeefMeeeB Je<e& kes oewjeve . 25,950 kejes[ mes ye{kej . 1,19,882 kejes[ Banks deposits increased by Rs.25,950 crore to Rs.1,19,882 crore during
nes ieF& pees 27.6% keer efjkee@[& Je=ef nw~ Iejsuet peceejeefMeeeW ceW . 16,893 kejes[ ee the year recording a growth of 27.6%. The growth in domestic deposits
was to the tune of Rs.16,893 crore or 21.7%. Deposits with foreign
21.7% keer Je=ef ngF&~ efJeosMeer MeeKeeDeeW ceW peceejeefMeeeW ceW . 9,057 kejes[ keer Je=ef
branches increased by Rs.9,057 crore,
56.3% ye{esejer kes meeLe ngF&~
recording a growth of 56.3%.
peceejeefMeeeB (. kejes[)
yeQke keer DeefveJeemeer peceejeefMeeeB ceee& 2006 kes
Non-Resident Deposits of the Bank
DEPOSITS (RS. CRORE)
9,759 kejes[ mes ye{kej . 10,758 kejes[
increased from Rs. 9,759 crore as on
ngF& pees kegue Iejsuet peceejeefMeeeW kee 11.45%
March, 2006 to Rs.10,758 crore which
nw~ nceejer 6 SveDeejDeeF& MeeKeeSB Deewj 12
constituted 11.45% of aggregate domestic
SveDeejDeeF& kesv Devleje&êre mlej keer mesJeeSB
deposits. Our 6 NRI Branches and 12 NRI
DeefveJeemeer peceekelee&DeeX kees eoeve kej jns nQ~
centres have been providing services to
osMeYej ceW 143 MeeKeeSB SHemeerSveDeej peceejeefMeeeB
Non-resident Depositors matching
mebYeeueves kes efueS DeefOeke=le keer ieF& nQ~ Jele&ceeve
international standards. 143 branches
ceW yeQke veeefcele cegeDeeW eLee etSme[er,
spread across the country have been
peeryeerHeer, pesHeerJeee, etjes, meerS[er Deewj Set[er ceW
authorised to handle FCNR deposits. At
SHemeerSveDeej peceejeefMeeeB mJeerkeej kej jne nw~
present, Bank is accepting FCNR deposits
119882
93932
94744
78821
77850
65782
25138
13040
2004-05
Yetceb[ueere GLOBAL
16082
2005-06
mJeosMeer DOMESTIC
16
2006-07
efJeosMeer FOREIGN
nceejer cegbyeF&, veF& efouueer SJeb Denceoeyeeo efmLele SveDeejDeeF& MeeKeeSB SveDeejDeeF&
eenkeeW kees Hees&HeesefueeeW cewvespeceW keer mesJeeSB os jner nQ~
denominated in six currencies i.e. USD, GBP, JPY, EURO, CAD and AUD.
Our NRI Branches at Mumbai, New Delhi and Ahmedabad are offering
Portfolio Management services to NRI clients.
yeele yeQke peceejeefMeeeW ceW 14.8% keer Je=ef ngF& Deewj eeuet peceejeefMeeeW ceW 35.1% keer
Je=ef Iejsuet HeefjeeueveeW ceW ngF&~ yeele Deewj eeuet peceejeefMeeeW kees efceueekej kece ueeiele
keer peceejeefMeeeW kee Yeeie kegue pecee jeefMeeeW kee 40% nw~
Savings Bank deposits grew by 14.8 % and current deposits logged a

growth of 35.1% in domestic operations. The share of low cost deposits
comprising of saving and current deposits to total deposits is 40%.
eefleeesieer yeves jnves Deewj eenkeeW kees efJeefJeOe GlHeeoeW SJeb mesJee osves kes efueS yeQke ves veF&
peceejeefMe GlHeeoeW pewmes mej Meleeyoer ceereeoer pecee eespevee, mej megefveefOe kej yeele
eespevee, mej Hueskemeer DeeJeleea pecee eespevee, mej JewYeJe pecee eespevee leLee mej
HeueeseEie js pecee eespevee (keeHeexjs) Deewj mej JewYeJe - 400 Yeer Meg keer nw~ Deece
ueesieeW ves Fve meYeer GlHeeoeW kee mJeeiele efkeee nw~
With a view to remain competitive and offer a variety of products & service
to clients, the bank introduced new deposit products viz. Star Shatabdi
Term Deposit Scheme, Star Sunidhi Tax Saving Deposit Scheme, Star
Flexi Recurring Deposit Scheme, Star Vaibhav Deposit Scheme and Star
Floating Rate Deposit Scheme (Corporate) and also Star Vaibhav-400. All
the products were well received by the public.
yeQke ves efJeHeCeve eeemeeW Hej Oeeve keseqvle kejves kes efueS 1000 HetJe& Henue kejves Jeeues Des
eefMeef#ele keeefce&keeW keer erce leweej keer nw Deewj GvnW efJeefYeVe ueeYekeejer mLeeveeW Hej lewveele
efkeee nw~ Fve ueeYekeejer kesveW Hej ceekexefbie eyebOekeeW, ceekexeEie DeefOekeeefjeeW Deewj
ceekexeEie meneekeeW keer efJeMes<e He mes egveer Deewj eefMeef#ele ceekexefbie erceeW kees Kegoje
yeQeEkeie Deewj SmeSceF& efJee Hees<eCe kes efJeMes<e peesj osves Jeeues #es$eeW ceW keejesyeej efJekeeme Hej
Oeeve keseqvle kejves kes efueS ueieeee nw~
The Bank has carved out a team of 1000 proactive well trained personnel
for focussed marketing efforts and has placed them in strategic locations.
At these strategic centres, there are specially chosen and trained marketing
teams consisting of marketing managers, marketing officers and marketing
associates focussing on development of business in thrust areas of Retail
banking & SME financing.
yeQke kes Heeme Yeueer ekeej Iejsuet peceejeefMeeeW kee efJeefJeefOeke=le peceejeefMe DeeOeej nw efpemeceW
14.59% eeceerCe #es$eeW, 13.77% De&Menjer #es$e mes 20.86% Menjer Deewj 50.78%
ceneveiejere #es$eeW mes nw~ yeQke kee kegue eenke DeeOeej 27 kejes[ ceW mes ceee& 2007 keer
meceeeqHle Hej 25 efceefueeve peceekelee&DeeW Deewj 2 efceefueeve GOeejkelee&DeeW kee nw~
The bank has a well diversified deposit base with 14.59% of domestic
deposits coming from rural areas, 13.77% from semi urban, 20.86% from
urban & 50.78% from metro areas. The banks total clientele base of 27
million consists of 25 million depositors and 2 million borrowers as at end
of March 2007.
Deefece
Advances
yeQke kes kees<eeieej eje efkeS ieS efveJesMe kees es[kej mekeue Iejsuet $eCeeW ceW 29% keer The gross domestic credit of the Bank registered a growth of 29% from
Je=ef ngF& Deewj es 31.03.2006 kes . 54023 kejes[ mes ye{kej . 69811 kejes[ ngF&~ Rs. 54023 crore on 31.03.2006 to Rs. 69811 crore. This growth rate is
en Je=ef oj iele Je<e& keer leguevee ceW yesnlej nw~ en Je=ef ye[s SJeb ceOece keeHeexjs eenkeeW better than last year. The growth has been made possible with continued
increase in credit off-take by Large and
eje efueS pee jns $eCe ceW ueieeleej Je=e
f Deewj SmeSceF&
mekeue Deefece (. kejes[)
Mid Corporate SBUs coupled with
SJeb Kegoje #es$e ceW $eCe Je=ef mes mebYeJe ngF& nw~
increase in SME and retail segments.
GROSS ADVANCES (RS. CRORE)
yeQke ves GYejles ngS mebjeveelceke #es$e ceW DeHevee efnmmee

Yeer ye{eee nw~ kebHeveer efJee Deewj efveee&le efJee kes
#es$eeW ceW yeQke ves eeefvele DeeOeej Hej veS eenkeeW kee
pegeee peevee peejer jKee Deewj Fmekes meeLe ner Jele&ceeve
eenkeeW kees Gvekeer kegue $eCe DeeJeMekeleeDeeW kees
Hetje efkeee peevee peejer jKee~
86791
69811
66662
57117
54023
43826
16980
13291
12639
The Bank expanded its share in

infrastructure sector. In the areas of
Corporate finance and export finance,
Banks thrust has been on selective
mobilisation of new clientele while at the
same time nurturing existing clientele by
meeting their total credit requirements.
keeHeexjs eenkeeW kees mesJee osves ceW Oeeve keseqvle

kejves kes efuees yeQke ves veee eEmeef[kesMeve [smke eejbYe
efkeee~ eeweesefiekeer keer ef mes kebHeefveeeW kees keeHeexjs MeeKeeDeeW ceW keee&Jeener kes efueS
Dee@veueeFve Suemeer DeeJesove He$e emlegle kejves kes efueS F&-keeHeexjs cee[etue GHeueyOe kejeee
ieee nw efpememes mecee keer yeele nesleer nw~
Bank has started a new syndication desk

to give focussed attention in servicing
corporate customers. On the technology front enabling of e-corporate
module facilitated the corporates to give LC applications on line for
processing at corporate branches.
yeQke DeHeveer 123 efJeMes<eerke=le MeeKeeDeeW kes ceeOece mes keeHeexjs $eCe efveee&le SJeb Deeeele,
ueIeg GeesieeW neF&-ske ke=ef<e, JeeefCeeqpeke SJeb Jeweeqkeleke yeQeEkeie #es$e kes GOeejkelee&DeeW kees
efJeefMe mesJeeSB GHeueyOe kejelee jne nw~
Bank through its 123 specialised branches caters to the various specialised
segments of borrowers in Corporate Credit, Exports & Imports, Small
Scale Industries, High-tech Agricultural sector, Corporate finance and
Commercial and Personal segments.
2004-05
Yetceb[ueere GLOBAL
2005-06
2006-07
mJeosMeer DOMESTIC
17
efJeosMeer FOREIGN
efmLele yeQke keer ieejn keeHeexjs yeQeEkeie MeeKeeSB kesJeue ye[s keeHeeXjs GOeejkelee&DeeW keer
efJeefMe $eCe pejleeW kees Hetje kejves kes efueS keee&jle nw~
efveee&le $eCe
Eleven Corporate banking branches of the bank continue to cater exclusively

to the specialised credit requirements of the Corporate borrowers.
yeQke Deeeeleke Deewj efveee&leke eenkeeW keer efJeeere DeeJeMekeleeSB Iejsuet cege ee efJeosMeer
cege $eCe kes ceeOece mes Hetje kejves ceW yengle meefee nw~ efJeosMeer cege keejesyeej kees
mebYeeueves kes efueS Hetjs osMe ceW DeefOeke=le kegue 193 MeeKeeSb DeeeelekeeW Deewj efveee&lekeeW
keer $eCe pejleeW kees Hetje kejleer nw~ yeQke kes efveee&le $eCe ceW . 871 kejes[ DeLee&led
20% keer Je=ef ceee& 2006 keer leguevee ceW ngF& nw Deewj 31 ceee& 2007 kees Fvekee mlej
. 5,264 kejes[ Hej HengBe ieee~ mekeue meceeeesefpele yeQke $eCe kes eefle efveee&le $eCe
kee efnmmee 8.65% jne~
The Bank is very active in meeting the importer and exporter clients
financial requirements in domestic currency or through foreign currency
loans too. In all 193 branches authorized to handle foreign exchange
business all over the country, cater to the credit needs of importers &
exporters. The Banks export credit registered a growth of Rs.871 crore
i.e. 20% increase over March, 2006 and reached a level of Rs.5264 crore
as on 31st March, 2007. The share of export credit to net adjusted bank
credit was 8.65%.
efveee&lekeeW Deewj iewj-efveee&lekeeW oesveeW keer efJeeere DeeJeMekeleeSB F&meeryeer $eCe eje meYeer
efJeosMeer MeeKeeDeeW Deewj mJeosMeer MeeKeeDeeW kes ceeOece mes efJeosMeer cege $eCeeW mes Hetjer keer
peeleer nQ~ Ssmes Deefece keer kegue jeefMe eLee efoveebke kees 31.03.2007 kees etSme[er 1183
efceefueeve (F&meeryeer 540 efceefueeve Deewj efJeoMeer cege $eCe etSme[er 643 efceefueeve) nw pees .
5145 kejes[ kes yejeyej nw~ Fmekes DeueeJee, yeQke ves efveee&lekeeW kees efJeosMeer cege ceW
Heesleueoeve HetJe& Deewj Heesleueoeveesej $eCe Yeer efoS nQ Deewj eLee efoveebke 31.03.2007 kees
kegue yekeeee jeefMe etSme[er 240 efceefueeve Leer pees . 1045 kejes[ kes yejeyej nw~
Financial requirements of both exporters and non-exporters is met through

ECB loans at its overseas branches and foreign currency loans at domestic
branches. The total amount of such advance as at 31.03.2007 was USD
1183 million (ECB 540 mn. & foreign currency loan USD 643 mn.)
equivalent to Rs. 5145 crore. In addition, the bank also extended preshipment and post-shipment credit in foreign currency to the exporters
and the total amount outstanding as at 31.03.2007 was USD 240 mn.
equivalent to Rs.1045 crore.
mebjeveelceke efJee
Infrastructure Finance
Je<e& kes oewjeve yeQke ves me[ke, efJeegle GlHeeove SJeb efJelejCe Deewj otjmebeej keer mebjeveelceke
HeefjeespeveeDeeW kes efJeeHees<eCe ceW meefee menYeeefielee keer nw~ mebjeveelceke #es$e ceW efoS ieS
Deefece keer eLee efoveebke 31.03.2007 kees yekeeee jeefMe . 5744 kejes[ nw~ en Fme
#es$e ceW efveJesMe kes DebMeoeve kes kegue . 479 kejes[ kees es[kej nw~
During the year, the bank actively participated in financing of infrastructure

projects in Roads, Power generation & distribution and
Telecommunications. The outstanding advances for infrastructure sector
as on 31.03.2007 are Rs.5744 crore. This is exclusive of an investment in
this sector aggregating to Rs.479 crore.
Kegoje $eCe
Retail Credit
$eCe Je=ef kees Gelej eefleHeue kes meeLe yeveeS jKeves kes efueS yeQke ves Kegoje $eCe Hej
Fme Je<e& ceW Yeer peesj osvee peejer jKee~ yeQke kes Heeme Kegoje #es$e ceW efJeefYeVe Jeeqkele/keejesyeej
keer efJeeere DeeJeMekeleeDeeW kes Devegketue efJeefJeOe GlHeeo eLee DeeJeeme, Jeeqkeleiele, efMe#ee,
DeeesHeeFveebme, yebOeke, DeeF&HeerDees, ne@ueer-[s $eCe, HeWMeveYeeseif eeeW kees $eCe, Kegoje JeeHeej,
ess keejesyeej, JeeJemeeefeke SJeb mJeefveeesefpele, HeefjJenve eeeueke Deeefo GHeueyOe nw~
In order to sustain the credit growth with accent on higher yields, thrust to
Retail lending continued further this year too. The Bank has specialized
products to suit various personal/business requirements viz. Housing,
Personal, Education, Auto finance, Mortgage, IPO, Holiday Loan, Loan
to Pensioners, Retail Trade, Small Business, Professional & Self-employed,
Transport Operator, etc. in the Retail segment.
Export Credit
ceW Kegoje $eCe ceW 35% keer Je=ef ngF& efpememes Je=efMeerue Keeeslej $eCe During the Year 2006-07, Retail Credit recorded a growth of 35%
constituting 29% of the incremental non-food credit. Its share in
29% ngS~ mekeue Keeeslej $eCe ceW Fmekee efnmmee Je<e& 2005-06 kes 24.80% mes ye{kej
aggregate Non-food credit increased to
25.75% nes ieee~
iewj Keee-$eCe keer leguevee ceW Kegoje $eCe kee Yeeie %
Je<e&
2006-07
yeQke ves DeHeveer yeepe ojeW SJeb efJeefYeVe GlHeeoeW keer

Deve MeleeX kees Fve eespeveeDeeW kees DeefOeke
eefleeesieer/Deeke<e&ke yeveeS jKeves kes efueS yeepeej
kes DevegHe SJeb eenke kees Oeeve ceW jKeles ngS Deewj
Devegketue yeveeee nw~ Fve GlHeeoeW kes efJeHeCeve kees
DeHesef#ele He mes Deeies ye{eves kes efueS yeQke ves
keee&#es$eeW ceW GlHeeoeW kes efJeHeCeve / eefleefyeeer kejves
kes efueS meHe kes Heee&Hle efyeeer oue keer lewveeleer
keer nw~ JeeHeke HengB e Deewj DevegYeJeer meHe kes ienve
% SHARE OF RETAIL CREDIT TO NON-FOOD CREDIT
25.75% during the year from 24.80% in

2005-06.
29.00
28.00
25.51
2004-05
2005-06
18
2006-07
The Bank has continuously fine tuned its

rates of interest, from time to time as well
as other terms of various products, to keep
the schemes most competitive/attractive,
with a market driven and customer centric
approach. To give required push to
marketing of these products, Bank has
deployed adequate in house sales force for
aggressive field level marketing and cross
efJeHeCeve ceW meneesie mes yeQke kees Kegoje $eCe keejesyeej ye{eves kes efueS eefleeesieer meeceLe&
efceuee nw~ cegbyeF&, Denceoeyeeo pewmes kesveW Hej Heefjeeefuele efjsue nye cee@[ue 14 (kegue
16 kesv) Deewj kesveW Hej Kegoje $eCe GlHeeoeW Hej DeefOeke peesj osves kes efueS Meg efkeS
ieS nQ~ Je<e& kes oewjeve eEmeieue eEJe[es yeQeEkeie DeJeOeejCee mes Kegoje $eCe megefJeOeeSB eenves
Jeeues eenkeeW keer DeeJeMekelee Hetjer kejves kes efueS Dee veS efjsue nye mebYeeJelee Jeeues
kesveW Hej Keesues ieS nQ~ efjsue nye kes keejCe eeHle efjsue esef[ mebefJeYeeie kes kegue
yekeeee . 502 kejes[ ceW Je<e& 2006-07 kes oewjeve 16 efjsue nye mes peg[s 160 meg{
efyeeer oue meHe kes ceeOece mes . 354 kejes[ keer jeefMe pees][er ieF& nw~ efjsue nye kes
meefee nesves kes meeLe eenkeeW kees $eCe DeeHetefle& yeeOeejefnle ngF& nw Deewj ueieves Jeeues mecee
ceW keceer ngF& nw~
selling of products. The wider reach and experienced staff to support

intensive marketing, has provided a competitive edge to the Bank for
sustaining growth in retail credit business. Retail Hub Model
operationalised at centres like Mumbai, Ahmedabad has now been extended
to 14 more centres (total 16 centres) to give greater thrust to retail lending.
During the year, eight new retail hubs have been opened at potential centres
to cater to clients seeking retail credit facilities to further the concept of
single window banking. Of the total outstanding retail credit portfolio of
Rs.502 crore, generated on account of retail hubs, till date, an amount of
Rs.354 crore (approx.) was added during 2006-07 itself through the 160
strong sales force/staff attached to the 16 retail hubs. With retail hubs
becoming active, the turn-around time is reduced and credit delivery is
made hasslefree for clients.
Jeefj veeieefjkeeW kees GHeeesefieleeJeefOe&le mesJee eoeve kejves kes efueS yeQke ves efJeefYeVe
efJeefMe GlHeeo yeQke mes HeWMeve Deenefjle kejves Jeeues HeWMevejeW kes efueS Meg efkeS
nQ - pewmes
i.
nceejer MeeKeeDeeW kes ceeOece mes HeWMeve Deenefjle kejves Jeeues Jeefj veeieefjkeeW kes
efueS mej HeWMevej Jeeqkeleiele $eCe SJeb DeesJej[êHe eespevee;
ii. vetvelece yeepe Jeeuee efJeMes<e HeWMevej esef[ kee[&;
iii. Yeejleere [eke kes meneesie mes eeeesefieke leewj Hej HeWMevejeW kees Gvekes Iej Hej HeWMeve
keer megHego&ieer kejves kes efueS JewkeefuHeke eespevee~
To provide value added service to Senior Citizens, the bank has introduced
various specialised products to pensioners drawing pension from the Bank,
namely -
`èfjMleeW keer peceeHetbpeer'' Hej nceejs eje efoS pee jns efJeMes<e peesj kes DevegHe yeQke ves
Ske Devegketue Jeeqkeleiele $eCe eespevee DeLee&led mej efce$e Jeeqkeleiele $eCe eespevee
Meejerefjke He mes efJekeueebie JeeqkeleeeW Deewj Gvekes efjMlesoejeW kes efueS DeHeves meeceeefpeke
Deewj Meejerefjke HegveJee&me kees eeslmeeefnle Jeeues GHekejCeeW Deewj ke=ef$ece meneelee meeceeer
SJeb efkeeT JemlegSB Kejeroves kes efueS efJeeere meneelee osves nsleg leweej keer nw~ Fmekes
DeueeJee Ske JewkeefuHeke HeefjJeej mJeemLe yeercee eespevee (yeerDeesDeeF& vesMeveue mJeemLe
yeercee Hee@efuemeer) vesMeveue FbMeesjWme kebHeveer efue. kes meeLe nceejs meYeer pecee KeeleeOeejkeeW
kes efueS Meg keer ieF& nw~
In tune with our emphasis on Relationships beyond Banking, the bank

has formulated a friendly personal loan scheme, viz. Star Mitra Personal
Loan Scheme for extending financial support to physically challenged
persons and their kin for purchasing durable and sophisticated aids and
appliances to promote their social and physical rehabilitation. Besides, an
optional family health insurance scheme [BOI National Swasthya Bima
Policy] has been introduced to all our deposit account holders in association
with National Insurance Company Ltd.
Scheme
Star Pensioners Personal Loan and Overdraft Scheme for Senior

Citizens drawing pension through our Branches;
ii.
Special Pensioners Credit Card, with minimum interest;
iii.
Optional Scheme introduced in association with India Posts on pilot

basis for delivery of pension to pensioners at their door steps.
The growth in respect of various retail loan products during the year was
as under :-
Je<e& kes oewjeve efJeefYeVe Kegoje $eCe GlHeeoeW kes Devleie&le Je=ef efvecveevegmeej jner
eespevee
i.
31.03.2006
Je=ef
31.03.2007
kees yekeeee
kees yekeeee
outstanding
outstanding
Growth
(. kejes[)
(. kejes[)
jeefMe Amount
(. kejes[)
(Rs. Crore)
(Rs. Crore)
(Rs. Crore)
3300
4519
1219
37
1858
3165
1307
70
467
720
253
54
286
425
139
49
533
571
38
(%)
mej DeeJeeme $eCe

Star Home Loan
mej yebOeke $eCe

Star Mortgage Loan
mej efMe#ee $eCe

Star Education Loan
mej Dee@esefHeve
Star Autofin Loan
mJeCe& peebleer eeceerCe DeeJeeme

Golden Jubilee Rural Housing
19
yeQke keer eieefle ceW efnmmesoejer ye{eves kes efueS Kegoje $eCe DeeefmleeeW Hej Fme #es$e ceW GHeueyOe
DeJemejeW kes mecevegHe efJeMes<e Oeeve efoee peelee jnsiee~
Development and thrust to Retail credit would be aggressively pursued so

as to contribute increasing share in the credit growth of the Bank, in
synchronization with the opportunities in this segment.
ueIeg SJeb ceOece Gece (Smeyeeret-SmeSceF&)
Small & Medium Enterprises (SBU-SME)
SmeSceF& GOeej en yeQekE eie Geesie ceW Jele&ceeve DeeoMe&Jeekee nw keeeWekf e SmeSceF& en DeLe&JeJemLee
keer jer{ keer ner nw~ Dele yeQke ves Fme #es$e ceW ye{les keejesyeej DeJemejeW kee ueeYe eeHle
kejves kes efueS Henue keer nw~
yeQke ves ``SmeSceF&'' SJeb SmeSceF& kes Hegveie&ve leLee HegveJee&me mes mebyebefOele efJeefMe veerefleeeW kees
DeHeveeee nw efpevekeer Jeeef<e&ke He mes meceer#ee keer peeleer nw~ ceeFees/ueIeg/ceOece Gece
efJekeeme DeefOeefveece 2006 (SceSmeSceF&[er DeefOeefveece 2006) efoveebke 2 Deketyej, 2006
mes eYeeJeer ngDee nw~ Fmekes keejCe, SmeSceF& keer JeeeqHle mesJee #es$e kes meceeJesMe kes keejCe
JeeHeke ngF& nw~ DeefOeefveece ves ueIeg GeceeW kes efueS mebe$e SJeb ceMeervejer ceW efveJesMe meercee kees
. 1 kejes[ mes ye{ekej . 5 kejes[ mebMeesefOele keer nw efpememes ueIeg Geesie FkeeF& kees
Jewefeke He mes eeflemHeOee&lceke yeveves ceW keeHeer meneelee efceuesieer~
SME lending is the Current Watch-Word in banking industry as SMEs

are the backbone of the economy. Bank has therefore, taken initiatives in
seizing the growing business opportunities in this segment.
Je<e& 2006-07 kes oewjeve SmeSceF& $eCe ceW . 15777 kejes[ mes . 19275 kejes[ Je=ef
ngF& nw DeLee&led efJeiele Je<e& kes oewjeve 16% keer leguevee ceW 22.17% Je=ef ngF& nw~ SmeSceF&
#es$e kees $eCe Je<e& 2005-06 kes . 5599 kejes[ mes ye{kej Je<e& 2006-07 ceW . 7751
kejes[ nes iees pees 38.44% keer Je=ef kee meteke nw~ efme[yeer kes meeLe iepees[ ceW SmeSceF&
#es$e kees mebegkele efJeeereve keer efmLeefle efHeues meeue kes . 27 kejes[ mes megOejkej Je<e&
2006-07 ceW . 57 kejes[ nes ieF&~
During the year 2006-07, credit to SME sector grew from Rs. 15777
crore to Rs. 19275 crore i.e. a growth of 22.17% as against 16% during
the previous year. The Growth in credit to SSI sector has been from Rs.
5599 crore in 2005-06 to Rs. 7751 crore during 2006-07 registering a
growth of 38.44%. The position under Joint Finance to SME Sector in tieup with SIDBI has improved from Rs.27 crore in the previous year to
Rs.57 crore in 2006-07.
SmeSceF& ceW yeQke kes cenlJeHetCe& #es$e mecetn DeeOeeefjle $eCe eoeve kejvee, ewveue $eCe
osvee, meewj peue T<ceke nsleg $eCe osvee, Jele&ceeve GlHeeoeW kees megmeeqppele kejvee pewmes
efke mej megeeFce, efeeoefMe&veer eespevee Deeefo nw~ meceele mecetn DeeOeeefjle 45 eespeveeSb
Je<e& kes oewjeve leweej keer ieeeR Deewj keeee&eqvJele keer ieF~ FveceW mes keg nQ efkemeeve
mesJee keW, ceneje^ jepe kesefcem Sb[ [êfiem SmeesefmeSMeve meome, DeeseF& efceueW,
mJeCe&keej, ogiee&/ieCesMe cetefle& efvecee&lee, ieueeree/nLekejIee yegvekej Deewj eeFJes yeme
Heefjeeueke~
The thrust areas for the bank in SME were Cluster Based Lending, Channel
Credit, Financing of Solar Water Heaters, revamping of existing products
such as Star Suprime, Priyadarshini Yojna etc. In all, 45 cluster based
schemes were formulated during the year and put to implementation.
Some of these were Kisan Seva Kendras, Maharashtra State Chemists &
Druggists Association members, Ginning Mills, Gold Smiths, Durga/
Ganesh idols makers, Carpet/Handloom Weavers and Private Bus
Operators.
SmeSceF& kes efueS mebHeeefe&ke cegkele $eCe meerpeererSmeDeeF& eespevee kes Debleie&le eoeve efkeS pee
jns nQ efpemeceW . 25 ueeKe leke kes $eCe nsleg Geceer mes keesF& mebHeeefe&ke ee le=leere He#ekeej
ieejber efveOee&efjle veneR keer ieF& nw~ Je<e& kes oewjeve, Fme Keb[ ceW Je=ef (1967 KeeleeW) .
56.38 kejes[ mes (3889 KeeleeW) . 117.31 kejes[ leke ngF& nw~ nceeje yeQke kesJeerDeeF&meer
kes eeceerCe jespeieej me=peve keee&ece, $eCe mebye HetBpeer meneefekeer eespevee (meerSuemeerSmeeretSHe Deewj meerSuemeerSmeSme) kes Debleie&le meneefekeer efJelejCe nsleg vees[ue yeQke nw efpemeceW
Jem$e Deewj pet GeesieeW nsleg HetBpeer meneefekeer kee 20% Deewj Deve GeesieeW kee 15%
GHeueyOe nw~ yeQke ves 2006-07 kes oewjeve 1261 keejeriej esef[ kee[& Deewj 684 ueIeg
Geceer ^s[ kee[& keejeriejeW Deewj ess keejesyeeefjeeW kees Gvekeer $eCe pejleeW kees Hetje
kejves keer ceoo mJeHe eoeve efkeS nw~
Collateral free loans are being given under CGTSI scheme to SMEs,
where for loans upto Rs.25 lakh, no collateral or third party guarantee are
stipulated from the entrepreneurs. During the year, the growth in this
segment has been from Rs.56.38 crore (1967 A/cs.) to Rs. 117.31 crore
(3889 A/cs.). Our bank is the nodal bank for disbursement of subsidy
under the Rural Employment Generation Programme (REGP) of KVIC,
Credit Linked Capital Subsidy Scheme, (CLCS-TUF and CLCSS) where
a capital subsidy of 20% to textile and jute industries and 15% to other
industries is available. Bank has issued 1261 Artisan Credit Cards and
684 Laghu Udyami Trade Cards during 2006-07 to help artisans and small
traders in meeting their credit needs.
osMe ceW efmLele 32 efJeMes<eerke=le SmeSceF& MeeKeeDeeW kes peefjS SmeSceF& efJeeereve Hej efJeMes<e
Oeeve efoee peelee nw~ meYeer SmeSceF& $eCe emleeJeeW kes MeerIe efveHeeve nsleg Fve MeeKeeDeeW ceW
DevegYeJeer Deewj eefMeef#ele meHe meome lewveele nw~
Special focus on SME financing is given through 32 Specialised SME

branches in the country. These branches are managed by experienced and
trained staff for speedy disposal of all SME credit proposals.
eeLeefcekelee #es$e Deefece
PRIORITY SECTOR ADVANCES
Henues kes meceeve, yeQke eeceerCe efJekeeme Deewj eeceerCeeW kes meMeeqkelekejCe kes efueS jeêre
veerefleeeW kee DevegmejCe kejves ceW meefee He mes Meeefceue jne nw~
Keeping in tune with the traditional past, the bank has been actively
involved in pursuing the national policies, for rural development and
empowerment of rural populace.
meceer#eeOeerve Je<e& kes oewjeve eeLeefcekelee #es$e Deefece . 22611 kejes[ mes ye{kej
. 27765 kejes[ ngS~ Fme ekeej FveceW . 5154 kejes[ keer Je=ef ngF&~ efveOee&efjle
During the year under review, Priority Sector advances increased from
Rs.22611 crore to Rs.27765 crore thereby recording an incremental growth
Bank has adopted specific policies concerning SMEs and Debt

Restructuring and Rehabilitation of SMEs which are reviewed annually.
The Micro/Small/Medium Enterprise Development Act 2006 (MSMED
Act 2006) came into effect from 2nd October 2006. With this, the scope of
SME has been widened by inclusion of Services Sector. The Act has revised
the investment limit in Plant & Machinery for Small Enterprises from
Rs.1 Crore to Rs. 5 Crore which will go a long way in making SSI units
globally competitive.
20

vetvelece ceeveob[ 40 kes eefle eeLeefcekelee #es$e
Deefece efveJeue meceeeesefpele yeQke $eCe kee 45.53%
jns~ kegue ke=ef<e Deefece efveOee&ejf le efveJeue meceeeesepf ele
yeQke $eCe kes 18 keer leguevee ceW 18.51% jns~
Sveyeermeer kes 13.5% keer meebefJeefOeke DeHes#ee kes
efJe ele#e ke=ef<e Deefece 13.91% jns Deewj
10% kes efveOee&efjle mlej kes efJe kecepeesj Jeieex
kees Deefece 10.13 jns~
ceee& 2006 SJeb ceee& 2007 kees meceeHle Je<e& kes
ef u eS eeLeef c ekelee #es $ e kes ef J eef Y eVe Keb [ eW
ceW keejesyeej mlej kes yekeeee keer efmLeefle
efvecveefueefKele nQ

of Rs.5154 crore. Priority Sector advances
account for 45.53% of Net Bank Credit
(NBC) as against stipulated benchmark of
40%. Total agricultural advances constitute
18.51% as against stipulated 18% of NBC.
Direct Agricultural advances account for
13.91% as against statutory requirement
of 13.5% of NBC. The advances to weaker
sections constitute 10.13% as against
stipulated level of 10% of NBC.
Meg meceeeesefpele $eCe keer leguevee ceW eeLeefcekelee #es$e (%)

PRIORITY SECTOR (%) TO NET ADJUSTED CREDIT
14.96
18.51
12.05
ueIeg Geesie
ke=ef<e
AGRICULTURE
SMALL SCALE INDUSTRY
Deve eeLeefcekelee #es$e
OTHER PRIORITY SECTOR
The position with regard to the outstanding

of advances under various segments of
Priority Sector for the year ended March
2006 and March 2007 are as under:
(. kejes[ ceW)
eeLeefcekelee #es$e Keb[
ke=ef<e
ueIeg Geesie
Deve eeLeefcekelee #es$e (ke=ef<e SJeb
Keee emebmkejCe Geesie SJeb
met.eew./meeHeJesej . 1 kejes[
leke kees Meeefceuekej)
kegue eeLeefcekelee #es$e
(Rs. in crore)
Segments of Priority Sector
eLee efoveebke 31 ceee&
Je=ef
As of 31st March
Growth
2006
2007
jeefMe Amount eefleMele
Agriculture
9020
11289
2269
25
Small Scale Industries
5625
7351
1726
31
Other Priority Sector (inclusive of

Agro & Food processing Industry
& IT/Software upto Rs.1 crore)
7966
9125
1159
15
22611
27765
5154
23
Total Priority Sector
yeQke eje DeHeveeF& ieF& HetJe& Henue keejesyeejer keee&veerefleeeB SJeb veerefleeeW kee HeefjCeece jne
efke ke=ef<e #es$e ceW efJeMes<e ke=ef<e $eCe eespevee (SmeSmeerHeer) kes Devleie&le . 5720
kejes[ kes yepe kes efJe . 5778 kejes[ kes mebefJelejCe keer GHeueeqyOe eeHle ngF& pees
iele Je<e& kes mebefJelejCe mes (31.34%) DeefOeke nw~ kegue 219583 veS efkemeeveeW kees yeQke
mes pees[e ieee~
MeeKeeDeeW ves . 707.93 kejes[ keer mekeue $eCe meerceeDeeW kes 170568 efkemeeve esef[
kee[& (kesmeermeer) peejer efkeS efpeveceW mes 89470 efkemeeve esef[ kee[& ess SJeb meerceeble
efkemeeveeW kees Je<e& 2006-07 kes oewjeve peejer efkeS ieS~ yeQke ves Deye leke 10,00,000
efkemeeve esef[ kee[& (mebeeer) peejer efkeS nQ efpeveceW . 3447.75 kejes[ keer efJeeere
ueeiele meeqcceefuele nw~ peneB leke keeMlekeejeW/ye@eF&oejeW/ceewefKeke HesoejeW kees efJeeHees<eCe
kee mebyebOe nw yeQke ves 14345 mej Yetefcenerve efkemeeve kee[& 2006-07 kes oewjeve peejer
efkeS~ kee[eX keer mebeeer efmLeefle 24215 kee[& nw~ efkemeeveeW kees keYeer Yeer, keneR Yeer yeQeEkeie
megefJeOee GHeueyOe kejeves kes efueS yeQke ves 8900 yeerDeesDeeF& Meleeyoer ke=ef<e efJekeeme kee[&, pees
Ske F&-meceLe& esef[ kee[& (Jeermee) nw, peejer efkeS nQ~
yeQke ves YeesHeeue leLee keesuneHegj ceW GeefceeeW efJeMes<ekej eeceerCe egJee SJeb efkemeeveeW
kees eefMe#eCe osves kes efueS [meser pewmes eefMe#eCe mebmLeeve mej mJejespeieej eefMe#eCe
mebmLeeve (SmeSmeHeerSme) mLeeefHele efkees nQ~ GeefceeeW kees kesJeue eefMe#eCe ner veneR
efoee peelee yeefuke efvejblej peerefJekee Depe&ve kes efueS keejesyeej mLeeefHele kejves nsleg
efJeeere meneelee Yeer megefveefele keer ieeer nw~ Deye leke 286 GeefceeeW kees mebmLeeve
ceW eefMe#eCe efoee pee egkee nw~ Hebpeeye ke=ef<e efJeeefJeeeuee kes meneesie mes efkemeeveeW
mes mebyebefOele efJe<eeeW Hej 6 eefMe#eCe keee&eceeW kee Deeeespeve efkeee ieee Deewj 212
efkemeeveeW kees eefMe#eCe efoee ieee~
Percentage
The various business strategies and policies adopted by the Bank have
resulted in achieving disbursement of Rs.5778 crore in agriculture sector
as against the budget of Rs.5720 crore (31.34%) under Special Agriculture
Credit Plan (SACP). In all 219583 new farmers have been brought into
Banks fold.
The Branches have issued 170568 Kisan Credit Cards (KCC) with credit
limit of Rs.707.93 crore of which, 89470 KCCs have been issued to small
and marginal farmers during the year 2006-07. The Bank has so far issued
over 10,00,000 Kisan Credit Cards (cumulative) involving financial outlay
of Rs.3447.75 crore. As regards financing to tenant farmers/share croppers/
oral lessees, the Bank has issued 14345 Star Bhumiheen Kisan Cards during
2006-07 and the cumulative position is 24215 cards. With a view to
providing anytime anywhere banking facilities for the convenience of
farmers, 8900 BOI Shatabdi Krishi Vikas Card, an e-enabled credit card
(VISA) had been issued.
The Bank has established Star Swarozgar Prashiksha Sansthan (SSPS), a
RUDSETI type of training institute at Bhopal and Kolhapur for imparting
training to entrepreneurs in particular to rural populace and farmers. The
entrepreneurs are not only imparted training but also ensured financial
assistance for establishing business units for their sustainable livelihood.
286 entrepreneurs have so far been imparted training. In Punjab State,
with the help of Punjab Agricultural University we have conducted 6
training programmes and imparted training to 212 farmers.
21
yeQke eeceerCe iejeryeeW efJeMes<ekej meceepe kes kecepeesj JeieeX ceW DeHeveer HengBe ye{eves kes efueS
mJeeb meneelee mecetneW kees $eCe osles jne nw~ yeQke ves 127597 mJeeb meneelee mecetn eJeefle&le
efkeS nQ efpeveceW mes 100246 mJeeb meneelee mecetn $eCe mecye nQ efpeveceW . 484.08 kejes[
keer efJeeere meneelee meeqcceefuele nw~ veeyee[& ves leefceuevee[g jepe ceW SmeSepeer yeQke
eEuekespe keee&ece ceW Glke= keee&efve<Heeove kes efueS 100 MeeKeeDeeW mes kece Jeeues
Jeie& ceW nceejs yeQke kees efleere meJeexece yeQke kes He ceW Hegjmke=le efkeee nw~ yeQke kees
Gppewve (ceOe eosMe), DeebOe eosMe kes HetJe& ieesoeJejer SJeb Heefece ieesoeJejer efpeues
leLee PeejKeb[ jepe ceW SmeSepeer $eCe eEuekespe keee&ece kes Devleie&le Glke=
keee&efve<Heeove kes efueS mecceeefvele Deewj Hegjmke=le efkeee ieee nw~
The Bank in order to enhance its outreach to the rural populace especially
to weaker sections of the Society has been extending credit support to
SHGs. The Bank has promoted 127597 SHGs, of which 100246 SHGs
are credit linked involving financial assistance of Rs.484.08 crore.
NABARD has adjudged our Bank as second under the category of
less than 100 branches for excellent performance under SHG BankLinkage Programme in the State of Tamil Nadu. The Bank has been
recognised and awarded Certificate of Merit for excellent performance
for credit linking SHGs in Ujjain (MP State), East Godavari and West
Godavari districts in A.P. and in Jharkhand States.
yeQke ves 17 jepeeW ceW 78 efpeueeW ceW Hewues 101 ieeBJeeW kes Skeerke=le efJekeeme kes efueS nceejs
ceneceefnce je^Heefle [e. S.Heer.pes. keueece keer HeeretDeejS DeJeOeejCee kes DeeOeej Hej Ske
veJeesvces<eer SJeb cenlJeekeeb#eer Heefjeespevee Meg keer Leer~ Fme Heefjeespevee kes Devleie&le Deye
leke 129 ieeBJeeW keer Heneeve keer ieF& nw~ ueieYeie 60,000 HeefjJeej efpemeceW 26% Smemeer/
Smeer pevemebKee meeqcceefuele nw, kees kegue . 123.63 kejes[ keer efJeeere meneelee oer
ieF&~ Fve ieeBJeeW kes HetCe& efJekeeme kes efueS meerOee mecHeke&, Fueskeê@efveke mecHeke&, %eeve
mecHeke& Deewj DeeefLe&ke mecHeke& megefveefele efkeee ieee nw~ Fme Heefjeespevee kes Devleie&le
meeceeefpeke eYeeJe kes efueS eOeeveceb$eer keer DeeefLe&ke meueenkeej Heefj<eo kes
DeOe#e [e@. meer. jbiejepeve kes neLeeW yeQke ves mkee@e ewueWpej DeJee[& - 2007
eeHle efkeee~ yeQke ves efJeefYeVe jepeeW ceW 1816 efkemeeve keueye leweej efkeS nQ Deewj 236
eoMe&ve Huee@ mLeeefHele efkeS nQ leeefke efkemeeveeW kees GHepe SJeb GlHeeokelee ye{eves kes efueS
yesnlej ke=ef<e eLeeDeeW kees DeHeveeves kee %eeve eeHle nes~
The Bank has initiated an innovative and ambitious project for Integrated
Development of 101 Villages to start with spread over in 78 districts and in
17 States for their integrated development based on PURA concept of our
Honble President, Shri A.P.J. Abdul Kalam. So far 129 villages have been
identified under this project. Nearly 60000 households with 26% SC/ST
population have been covered with financial assistance of Rs.123.63 crore.
In these villages we have ensured physical connectivity, electronic
connectivity, knowledge connectivity and economic connectivity for holistic
development. The bank won the Skoch Challenger Award 2007 for
social impact under this project at the hands of Dr. C. Rangarajan,
Chairman, Prime Miinisters Economic Advisory Council. The Bank
has also organized 1816 Farmers Clubs and set 236 Demonstration Plots
in various States to sensitise the farmers towards adopting improved farm
practices for increased production and productivity.
efJeoYe& ceW, meYeer Hee$e efkemeeveeW kes KeeleeW ceW Yegieleeve Devegmeteer Hegve efveOee&efjle keer ieF& Deewj
efkemeeveeW kees veee efJeeHees<eCe efkeee ieee (9582 efkemeeve, kegue jeefMe . 794.05 ueeKe)
lJeefjle mebefJelejCe kes efueS efJeefYeVe $eCe efMeefJejeW kee Deeeespeve efkeee ieee~ yeQke ves iewjmejkeejer mebieve ``veeiesej esefjsyeue ^m'' kes meeLe efceuekej, pewefJeke Kesleer Deewj
efJeefJeOeerke=le ke=ef<e kes yeejs ceW efkemeeveeW kees meb%eeve osves kes efueS peeiekelee DeefYeeeve
eueeee Deewj DevegYeJe osves kes efueS YeceCe kejeee~ yeQke ves nceejs ceneceefnce je^Heefle [e@.
S.Heer.pes. Deyogue keueece eje Meleeyoer Je<e& kes oewjeve DeejbYe efkeS ``DeYee'' veeme kes
peefjS $eCe meceeOeeve Deewj efJeeere keefveeFeeW kees kece kejves keer efoMee ceW efkemeeveeW keer
ceoo kes efueS Ske $eCe HejeceMe& kesv keer mLeeHevee Yeer keer nw~
yeQke mJeCe& peebleer eeceerCe DeeJeeme efJeeHees<eCe eespevee (peerpesDeejSeSHeSme) kee keeee&vJeeve
kejves ceW meefee He mes Meeefceue nw Deewj HetCe& mJelee DeefYeeeve keee&ece (erSmemeer)
kes meceLe&ve ceW kesv mejkeej keer efvece&ue eece eespevee kes Devleie&le eeceerCe HeefjJeejeW kees
MeeweeueeeW kes efvecee&Ce kes efueS Yeer ceoo kej jne nw~ yeQke ves eeuet Je<e& ceW SveSeyeer eje
efveOee&efjle 12,000 FkeeFeeW kes yepeeS ue#e mes peeoe 17510 FkeeFeeW keer mJeerke=efle
keer nw~
DeeCeer yeQke
yeQke 5 jepeeW DeLee&led PeejKeb[ - (13), ceneje^ (12), ceOe eosMe (12), Gej eosMe
(7) Deewj G[ermee (2) jepeeW ceW Hewues 46 efpeueeW ceW DeeCeer yeQke keer efpeccesoejer efveYee
jne nw~ yeQke Fve meYeer DeeCeer efpeueeW ceW DeeCeer yeQke kes He ceW DeHevee oeefelJe
meHeueleeHetJe&ke efveYee jne nw~ meYeer DeeCeer efpeueeW ceW Je<e& 2006-07 kes efueS Jeeef<e&ke
$eCe eespevee kee eejbYe efkeee ieee~ efpemeceW meYeer yeQkeeW kes efueS . 15472.06 kejes[
keer leguevee ceW nceejs yeQke kes efueS . 2551.98 kejes[ keer $eCe ueeiele Meeefceue nw~
yeQke ves eLee efoveebke 31.03.2007 kee Jeeef<e&ke ue#e eeHle kej efueee nw~ Dee keee&
kejves kes HeefjCeecemJeHe DeeCeer efpeuee Gppewve kees efpeues ceW Deeeesefpele efJeMes<e keee&ece
ceW efpeuee eeefOekeeefjeeW eje eMebefmele efkeee ieee~
efJeosMeer keejesyeej
yeQke eje efkeS ieS efJeosMeer keejesyeej ceW Yeejer Je=ef ngF& nw~ HetJe&Jeleea Je<e& keer leguevee ceW eLee
31.03.2007 kees efveee&le ve&DeesJej . 22,510 kejes[ mes ye{kej . 24,700 kejes[
Deewj Deeeele ve&DeesJej Je<e& 2006-07 nsleg . 21,500 kejes[ jne~
In Vidarbha, the eligible farmers accounts were rescheduled and fresh

finance has been extended to the farmers (9582 farmers Rs.794.05 lakh).
Various credit camps were organised for speedy disbursement. The Bank
in association with Nageshwara Charitable Trust an NGO has organized
awareness campaigns, exposure visits and sensitized the farmers on organic
farming and diversified agriculture. The Bank has, through its Trust
ABHAY launched by our Honble President Dr. A.P.J. Kalam, during
the Centenary Year also established a consultancy center for counseling
the farmers with debt resolution to mitigate the hardships of farmers.
The Bank is actively involved in implementing Golden Jubilee Rural
Housing Finance Scheme (GJRHFS) and also supporting rural families in
construction of toilets under Nirmal Gram Yojana of the Central
Government in support of Total Sanitation Campaign Programme (TSC).
The Bank has achieved its enhanced target of 12000 units set by the NHB
by sanctioning 17510 units during the current year.
LEAD BANK
The Bank has been assigned with Lead Bank responsibility in 46 districts
spread over 5 States viz. Jharkhand (13), Maharashtra (12), Madhya
Pradesh (12), Uttar Pradesh (7) and Orissa (2). The Bank has been
successfully discharging its duties of Lead Bank in all these lead districts.
The Annual Credit Plan for the year 2006-07 was launched in all the Lead
Districts involving credit outlay of Rs.2551.98 crore for our Bank vis-vis Rs.15472.06 crore for all Banks. The Bank has achieved the annual
target as of 31.03.2007. As a result of good work done, the Lead District,
Ujjain was appreciated by the District Authorities in a special function
organized in the District.
Forex Business
The forex business handled by the bank showed a robust growth. Export
turnover increased to Rs.24700 crore as on 31.03.2007 from Rs.22510
crore and the import turnover was Rs.21500 crore for the year 2006-07.
22

efJeosMeer efJeefvecee keejesyeej ceW yeQke keer DeeCeer Yetefcekee efvejblej peejer nw~ yeQke keer kees<eeieej
MeeKee kee ve&DeesJej ye{kej . 3,61,263.97 kejes[ nes ieee nw~
Debleje&êre Heefjeeueve
efoveebke 22 ceee&, 2007 kees SCJeHe& (yesequpeece) ceW MeeKee kee MegYeejbYe kejves kes Heeeled
efJeosMeer MeeKeeDeeW keer mebKee ye{kej 25 nes ieF& nQ~ yeQke kes Mesvepesve eefleefveefOe keeee&uee
kees MeeKee kes He ceW DeHees[ kej efoee ieee nw~ yeQke keer meYeer ecegKe efJeeere kesveW pewmes
uebove, veteeke&, Hesefjme, eskeees, eEmeieeHegj Deewj neBiekeeBie ceW GHeefmLeefle nw~ yeQke ves Fb[esvesefMeee
ceW meteerye Ske yeQke, Heerer mJeosMeer eryeerkes ceW 76% efnmmesoejer kee DeefOeenCe kejves kee
efveCe&e efueee nw~
yeQke efveJesMe yeepeej SJeb $eCe mecetnve ceW meefee nw~ nceves keg mecetnve $eCeeW SJeb yee@C[
efveie&ceeW Deewj Deve mesJeeDeeW kee Yeejleere keeHeexjseW kes efueS menDeeCeer eyebOe Yeer efkeee nw~
[sjerJesefJe SJeb m^keejue GlHeeo Deve #es$e nQ peneB nceeje Debleje&êre efJeYeeie meefee nw~
yeQke Yeejleere kebHeefveeeW kes Gvekes eje efJeosMeer DeefOeenCe / efJemleej eespeveeDeeW kee Yeer
meefee He mes efveefOeeve kejlee jne nw~
eLee 31.03.2007 kees eenke peceejeefMeeeB . 17843 kejes[ LeeR efpemeceW efJeiele Je<e& keer
. 14,125 kejes[ keer peceejeefMeeeW keer leguevee ceW . 3718 kejes[ (26.32%) keer Je=ef
ope& keer ieF&~ DeefeceeW keer jeefMe . 16980 kejes[ ngF efpemeceW efJeiele Je<e& kes . 12,639
kejes[ keer leguevee ceW . 4341 kejes[ (34.35%) keer Je=ef ope& keer ieF& nw~ 31 ceee&,
2006 kes efveJesMe . 5453 kejes[ keer leguevee ceW . 914 kejes[ (16.76%) keer keceer kes
meeLe . 4539 kejes[ nQ~
31 ceee&, 2007 kees kegue SveHeerS mlej . 169.98 kejes[ Lee efpemeceW . 89.92 kejes[
(34.60%) keer efiejeJe ope& keer ieF& peyeefke 31 ceee&, 2006 kees SveHeerS mlej . 259.90
kejes[ Lee~ efJeosMeer MeeKeeDeeW keer Meg efveef<ee DeeefmleeeW kes DevegHeele ceW 31 ceee&, 2006 kes
0.06% kes cegkeeyeues 31 ceee&, 2007 kees 0.21% kee ceecetueer efJeeueve ngDee nw~
ceee& 2007 kees meceeHle Je<e& nsleg . 406.75 kejes[ kes Heefjeeueve ueeYe ves GHejescegKeer
ye{le keer eJe=efe efoKeueeF& nw pees ceee& 2006 kees meceeHle Je<e& nsleg . 261.72 kejes[ Lee~
leodvegmeej, ceee& 2006 nsleg 206.88 kejes[ kee Meg ueeYe Yeer ye{kej . 302.68 kejes[
nes ieee nw~
HetBpeer Heee&Hlelee kees meMekele kejves nsleg yeQke ves ceOece ce& vees keee&ece ceW mes 27.03.2007
kees etSme[er 85 efceefueeve kes ``neFefye[ efej I'' HetBpeer yee@C[ peejer efkeS nQ~ Fme efveie&ce
kees Devleje&êre efveJesMekeeW mes Meeveoej eeflemeeo efceuee nw~

The Bank continues to be a leading player in forex market. Turnover of
Banks Treasury Branch has gone up to Rs.3,61,263.97 crore.
INTERNATIONAL OPERATIONS
With the inauguration of Branch in Antwerp (Belgium) on 22nd March
2007, the number of overseas offices has increased to 25. Banks Shenzhen
Representative Office was upgraded as a Branch. The Bank has presence
in all the major financial centres such as London, New York, Paris Tokyo,
Singapore and Hongkong. Bank has finalised acquisition of 76% stake in
PT Bank Swadeshi Tbk, a listed bank in Indonesia.
The Bank is active in investment market and loan syndications. We have
also co-lead managed some of the syndication loans and bond issues and
other services for Indian corporates. The credit derivatives and structural
products is another area where our international division is active. Bank
has also been actively funding Indian Corporates for their overseas
expansion/acquisition plans.
As at 31st March 2007, the level of Customer Deposits stood at Rs.17,843
crore recording a rise of Rs.3718 crore (26.32%) over previous years
figure of Rs.14,125 crore. The level of Advances stood at Rs.16,980
crore recording a rise of Rs.4341 crore (34.35%) over the last years level
of Rs.12,639 crore. Investments at Rs.4539 crore had shown a decline of
Rs. 914 crore (16.76%) over Rs. 5453 crore as at 31st March 2006.
Gross NPA level as at 31st March 2007 was Rs.169.98 crore registering a
decline of Rs.89.92 crore (34.60%) over the NPA level of Rs.259.90 crore
as at 31st March, 2006. The ratio of Net non-performing assets of Foreign
Branches has marginally varied to 0.21% as at 31st March 2007 as against
0.06% as at 31st March 2006.
Operating profit for the year ended March 2007 at Rs.406.75 crore has
shown an upward trend from Rs.261.72 crore for the year ended March
2006. Correspondingly, Net Profit at Rs.206.88 crore for March 2006 has
also increased to Rs.302.68 crore.
With a view to strengthening Capital Adequacy, Bank issued Hybrid Tier
I Capital Bond of USD 85 mn on 27.03.2007, out of Medium Term Note
Programme. The issue received an overwhelming response from
International investors.
efveJesMe
Je<e& kes oewjeve Yeejleere efj]peJe& yeQke eje jsHees oj Je=ef kes DevegmejCe ceW yeepeej yeepe ojW
ye{leer jner nQ~ vetvelece 10 Je<eeae mejkeejer eefleYetefleeeW Hej eefleHeue eLee 31.03.06 kes
7.52% mes ye{kej 31.03.07 kees 7.98% nes ieee~ ye{les yeepe oj kes HeefjMe kees
Oeeve ceW jKeles ngS, yeQke ves yeepeej peesefKece kees meerefcele kejves kes GsMe mes efveJesMeeW kee
DeefOekelece mlej yeveeS jKee~ efveJeue ceebie SJeb mecee oseleeDeeW (Sve[ererSue) kes 25% keer
SmeSueDeej DeeJeMekelee kes eefle yeQke ves Sve[ererSue kes 26.12% Hej SmeSueDeej
efveJesMeeW kees keg Gelej jKee~ Je<e& keer meceeeqHle Hej, mekeue DeeOeej Hej SmeSueDeej
efveJesMe . 25647.47 kejes[ Les (kegue efveJesMeeW kee 82.26%) Deewj iewj-SmeSueDeej
efveJesMe . 5532.16 kejes[ (kegue efveJesMeeW kee 17.74% ) Les~
Investments
yees[& eje Devegceesefole JeeHeke efveJesMe veerefle kes DevegHe efveJesMe efkeS peeles nQ~ yeepeej keer
eieefle/efJeefveeceeW keer eefleefeee kes DeeOeej Hej DeeJeefOeke He mes veerefle keer meceer#ee keer
peeleer nw~
Investments are made in accordance with the comprehensive policy in

this regard approved by the Board. The policy is reviewed periodically to
respond to market developments / regulatory requirements.
During the year the market interest rates were on the rise following the
Repo rate hikes by RBI. The yield on benchmark 10-year G-sec increased
from 7.52% as on 31.03.06 to 7.98% as on 31.03.07. In view of the
rising interest rate scenario, Bank maintained an optimum level of
investments with a view to contain market risk. As against the SLR
requirement of 25% of Net Demand and Time Liabilities (NDTL), Bank
maintained SLR investments marginally higher at 26.12% of NDTL. At
year-end, SLR investments on gross basis amounted to Rs.25647.47 Cr
(82.26% of total investments) and Non SLR investments stood at
Rs.5532.16 Cr (17.74% of total investments).
Treasury Operations
kees<eeieej Heefjeeueve
Bank continued to play an active role in all segments of the market

Funds / Forex and Bonds during the year 2006-07. During the year the
equity market witnessed historic levels and also sharp falls due to high
Je<e& 2006-07 kes oewjeve yeQke ves yeepeej kes meYeer #es$eeW DeLee&led efveefOeeeW/Hee@jskeme SJeb yeeb[dme
ceW meefee Yetefcekee efveYeeF& nw~ Je<e& kes oewjeve F&eqkeJeer yeepeej Ssefleneefmeke Ge mlejeW Deewj
23
DeleefOeke HeefjJele&veMeeruelee kes keejCe leerJe efiejeJe kee Yeer mee#eer jne~ yeQke ves keF&
DeeF&HeerDees Deewj DevegJeleea emleeJeeW mes Yeer GuuesKeveere Deee Deefpe&le keer nw~ kees<eeieej Deee
ceW F&eqkeJeer mes Deefpe&le . 46.72 kejes[ keer Deee meeqcceefuele nw~
volatility. Bank also earned substantial income from the numerous IPOs
and follow-on offers. The equity desk contributed an amount of Rs.46.72
cr. towards Treasury income.
Bank was active in derivative business by offering a full spectrum of
derivative products. A number of new customers have been added in the
derivative segment.
yeQke [sefjJesefJe keejesyeej ceW Yeer [sefjJesefJe GlHeeoeW keer Hetjer e=bKeuee kees emleeefJele kejles
ngS meefee jne~ [sefjJesefJe mesieceQ ceW Deveske veS eenke peg[ ieS nQ~
efve#esHeeieej menYeeieer ([erHeer) mesJeeSB
yeQke ves 1998-99 ceW vesMeveue efmekeetefjerpe ef[Hee@efpejer efue. mes mecye efve#esHeeieej menYeeieer
keeee&uee ([erHeerDees) keer mLeeHevee kej efve#esHeeieej mesJeeDeeW ceW eJesMe efkeee Lee~ Fmekes yeeo
yeQke ves meWûe ef[Hee@efpejer meefJe&mespe (Fbef[ee) efue. (meer[erSmeSue) keer menYeeefieleeoejer Yeer
eeHle keer Deewj Fmekee cegKe [erHeer keeee&uee cegbyeF& (DebOesjer Heefece MeeKee) ceW Deewj 6 MeeKee
[erHeer keeee&uee Denceoeyeeo, yeQieueesj, ewVes, veF& efouueer, keesuekeelee SJeb me@ke SkemeeWpe
MeeKee cegbyeF& ceW mLeeefHele efkeS~ Hemeboeroe efve#esHeeieej keer efve#esHeeieej mesJeeDeeW kee ueeYe uesves
kee efJekeuHe yeQke eje emleeefJele mesJeeDeeW keer Deveter efJeMes<elee nw~ ef[Hee@efpeefjeeW eje
efveOee&efjle efkeS ceeveob[eW kes Devegmeej ef[Hee@efpejer mesJeeDeeW kees mebYeeueves kes efueS yeQke ves
eesie meHe (SvemeerSHeSce eesielee eeHle) kee Ske ye[e mecetn leweej efkeee nw~ yeQke DeHeves
[erHeerDees kes ceeOece mes Svemeer[erF&Skeme (keceesef[er SkemeeWpe) mes mecye keceesef[er Heeteme&
ceW Yeer [erHeer mesJeeSb GHeueyOe kejelee nw~
Ske Deewj DemeeOeejCe efJeMes<elee en nw efke [erHeer mesJeeSB nceejer ye[er mebKee ceW meeryeerSme
MeeKeeDeeW ceW GHeueyOe nw~ Fme ekeej eenkeeW kees nceejer keesj yeQeEkeie #eceleeDeeW kee GHeeesie
kej mecee keer ef mes cenlJeHetCe& mebJeJenej kejves ceW megefJeOee GHeueyOe kejeF& ieF& nw~ ecegKe
meeryeerSme MeeKeeSB Denceoeyeeo, yebieueewj, ewVes (keesebyetj Deewj ceogjeF& meefnle) keesuekeelee,
cegbyeF& SJeb veF& efouueer DeHeves mebyebefOele kesveW Hej [erHeerDees mes mecye nQ~ Fmekes meeLe ner
Denceoeyeeo, YegJevesej, eb[erie{, ieebOeerveiej, nwojeyeeo, Fboewj, peeHegj, uegefOeeevee, veF&
efouueer, HegCes, jepekees, metjle, Gppewve SJeb Je[esoje ceW Ske-Ske cenlJeHetCe& MeeKee kees
SveSme[erSue [erHeerDees cegbyeF& mes pees[e ieee nw~ Jele&ceeve ceW 300 mes peeoe MeeKeeSB [erHeerDees
mes peg[er nQ~
Heefjeeueve megefJeOee keer ef mes nceejer meer[erSmeSue [erHeer mesJeeDeeW kes egeqkelekejCe kes
GsMe mes Deewj eenkeeW kees GHeeesefieleeJeefOe&le efJeMes<elee kes meeLe Fbjves yeQeEkeie GHeueyOe
kejeves nsleg eenkeeW kes efueS Dee@veueeFve Mesej ^sef[bie Meg keer ieF&~ yebieueewj Deewj me@ke
SkemeeWpe MeeKee [erHeerDees kes meHeue efJeuee kes meeLe Je<e& kes oewjeve MeeKee [erHeerDees kee
meceskeve cegKe [erHeerDees kes meeLe kejves keer eefeee Meg keer ieF&~
nceejs [erHeerDees ceW ef[ces KeeleeW keer mebKee 31.03.2006 kes ueieYeie 88,000 KeeleeW mes
ye{kej 2006-07 ceW 95000 nes ieF& nw~ Je<e& 2006-07 kes oewjeve yeQke ves [erHeer mesJeeDeeW mes
2005-06 ceW Deefpe&le Deee . 387 ueeKe keer leguevee ceW . 431 ueeKe Deefpe&le efkeS nQ~
Depository Participants (DP) Services
mej Mesej ^s[-MesejeW ceW Dee@ve ueeFve ^sef[bie

efveJesMekeeW ceW me@ke ceekex ceW MesejeW ceW Fbjves ^sef[bie keer ye{leer ueeskeefeelee Deewj
SkemeeWpeeW Hej meewoeW keer cee$ee ye{leer pee jner nw~ nceejs eenkeeW keer ye{leer DeeJeMekeleeDeeW
kees Hetje kejves kes GsMe mes yeQke ves mej Mesej ^s[ Dee@veueeFve Mesej ^sef[bie megefJeOee yeQke
Keelee, eefleYetefle Keelee Deewj ^seE[ie Keeles kes SkeerkejCe kes ceeOece mes ces. Deefmele meer.
cesnlee FvJesmceW Fbjceeref[S efue. pees yeerSmeF& SJeb SveSmeF& ceW mesyeer Hebpeerke=le eefleefle
yeeseEkeie kebHeveer nw, kes meeLe iepees[ JeJemLee keer nw~ Fme megefJeOee ceW Deve keF& Deeke<e&ke
efJeMes<eleeSB nQ pewmes Huesve Jewefveuee MesejeW keer Kejeroer Deewj efyeeer, Fbê-[s ^sef[bie, Deepe
Kejeroer keue efyeeer SJeb Gvekes yeQke Keeles ceW GHeueyOe Mes<e jeefMe kes 4 iegvee leke meewoe kejves
keer megefJeOee oer ieF& nw~ en megefJeOee nceejs meYeer meeryeerSme MeeKeeDeeW kes eenkeeW kes efueS
GHeueyOe nw efpevekes nceejs SveSme[erSue [erHeerDees kes meeLe ef[ces Keeles nQ~ Fmemes yeQke keer
Kegoje yeQeEkeie mesJeeDeeW keer DeeJeMekelee keer Hetefle& kes meeLe-meeLe keeHeer ye[er cee$ee ceW
jepemJe Depe&ve keer mebYeeJevee nw~
Star Share Trade: On-line trading in Shares
Bank made its initial foray in depository services during 1998-99 with the
setting-up of Depository Participant Office (DPO) affiliated to the National
Securities Depository Ltd (NSDL). Thereafter, Bank also acquired
participantship of the Central Depository Services (India) Ltd. (CDSL)
and set-up its Main DPO at Mumbai (Andheri West Branch) and six branch
DPOs at Ahmedabad, Bangalore, Chennai, New Delhi, Kolkata and Stock
Exchange Branch (Mumbai). The option to avail DP services of a
Depository of choice is the unique feature of the services offered by the
Bank. Bank has developed a large pool of qualified staff (NCFM) to
handle depository services as prescribed by the Depositories. Bank also
provides DP services to commodity future trades on NCDEX (Commodity
Exchange) through its DPOs.
Another striking feature is the availability of DP services from a large
number of our CBS branches by leveraging our core banking capabilities
thus providing convenience to clients to have their time critical transactions
done through their branch. Major CBS branches at Ahmedabad, Bangalore,
Chennai (including Coimbatore and Madurai), Kolkata, Mumbai and New
Delhi are linked with the DPO at their respective centres. Further, a strategic
branch each at Ahmedabad, Bhubaneshwar, Chandigarh, Gandhinagar,
Hyderabad, Indore, Jaipur, Ludhiana, New Delhi, Pune, Rajkot, Surat,
Ujjain and Vadodara is linked with the NSDL DPO at Mumbai. More than
300 branches are presently linked with the DPOs.
With a view to rationalizing our CDSL DP services for operational
convenience and to provide value added features of internet banking, online
share trading to clients, the process of consolidation of branch DPOs
with the Main DPO was taken up during the year with the successful
merger of Bangalore and Stock Exchange Branch DPOs.
The number of live demat accounts with our DPOs as on 31.03.2007 has
grown to 95000 from 88,000 accounts as on 31.03.2006. During the year
2006-07, Bank earned a gross income of Rs.431 lakh from DP services as
against Rs.387 lakh earned during 2005-06.
On-line trading in shares has been gaining popularity amongst investors

in the stock markets and its share in the trades executed on the exchanges
has been growing ever since. With a view to meeting the growing needs of
our clients, Bank launched Star Share Trade, online share trading facility
through integration of bank account, securities account and trading account
for its clients under tie-up arrangement with M/s Asit C. Mehta Investment
Interrmediates Ltd., a reputed SEBI registered Broking Company on BSE
and NSE. The facility offers several attractive features viz. plain vanilla
buying and selling of shares, intra-day trading, buy to-day sell tomorrow
and facility to leverage bank account by allowing clients to trade upto 4
times the balances available in their bank accounts. The facility is available
to clients of all our CBS branches presently having their demat accounts
with our NSDL DPO. This is expected to be a big revenue driver, in
addition to filling a need in the retail banking services space of the Bank.
24
kee[& GlHeeo keejesyeej
Card Products Business
yeQke ves peveJejer 2007 ceW Ske veee esef[ kee[& ``yeQke Dee@]He Fbef[ee HesbMevej kee[&'' peejer
efkeee~ en kee[& Gve HeWMevejeW kes efueS Heneeve nw pees [ekeIej kes ceeOece mes HeWMeve keer Iej
Hej megHego&ieer eespevee kee efJekeuHe egveles nQ~ Fme kee[& kes eejbYe nesves mes yeQke kes kee[&
GlHeeoeW keer mebKee ye{kej 6 () nes ieF& nw~ yeQke kes kegue kee[&OeejkeeW keer mebKee eLee
ceee& 2007 kees 1,10,020 Leer~ Je<e& kes oewjeve 21846 kee[&Oeejke pees[s ieS~ Fmes FMet
kejves mes ve&DeesJej ceW 52% keer Je=ef ngF& Deewj en . 209 kejes[ ngDee SJeb Deefpe&le
ve&DeesJej iele Je<e& Hej 11% keer Je=ef kes meeLe . 159 kejes[ jne~
The Bank launched a new credit card Bank of India Pensioner Card in
January, 2007. The Card serves as an identity for pensioners who opt for
Door delivery scheme of pension through Post Office. With the
introduction of this card, the number of Credit Card Products offered by
the bank has increased to 6 (Six). Total card base of the Bank stood at
1,10,020 as on March 2007 with an addition of 21,846 cards during the
Year. Issuing turnover witnessed a growth of 52% and stood at Rs.209
crore and acquiring turnover stood at Rs.159 crore recording a 11% growth
over previous year.
[sefye men SerSce kee[& keer mebKee 15.25 ueeKe jner efpemeceW 15.00 ueeKe mejeEuekeme
FbjvesMeveue SerSce men [sefye kee[& (Jeermee Fueskeê@ve) Deewj 25,000 yeerDeesDeeF& iueesyeue
[sefye men SerSce kee[eX (ceemj kee[&) kee meceeJesMe nw~ Je<e& 2006-07 kes oewjeve
SerSce men [sefye kee[eX mes . 2300 kejes[ kee ve&DeesJej ope& ngDee~
31 ceee& 2007 kees osMeYej ceW yeQke eje mLeeefHele SerSce keer mebKee Ske ceesyeeFue SerSce
meefnle 337 nes ieeer~
Je<e& kes oewjeve, yeQke ves nceejs kee[&OeejkeeW kees Yeejleere ms yeQke kes SerSce kee GHeeesie
Gefele eYeejeW Hej kejves kes efueS Gvemes yeQke kes meeLe vesJeke& keer HejmHej menYeeefielee nsleg
iepees[ efkeee~ Fme iepees[ JeJemLee kes meeLe nceejs yeQke kes [sefye kee[&Oeejke osMe ceW
12500 mes peeoe SerSce kee GHeeesie kewMe êr, yeQkeme, ms yeQke Deewj Gvekes meneesieer
yeQke Hej, ceemj/Jeermee kee[& vesJeke& Jeeues SerSce kes DeueeJee, kej mekeles nQ~
yeQke Dee@He ceneje^ SJeb leefceuevee[g cejkesveFue yeQke esef[ kee[& keejesyeej ceW nceejs
meneesieer yeves jns nQ~ yeQke Yeejle ceW ceemj kee[&, kewMe êr SJeb yeQkeme vesJeke& nsleg efveHeevekelee&
yeQke kes He ceW keee& peejer jKes ngS nw~
The number of Debit cum ATM cards stood at 15.25 lakh comprising of
15.00 lakh Starlinks International ATM cum Debit Cards (Visa Electron)
and 25,000 BOI Global Debit cum ATM cards (Master card). ATM cum
debit cards registered a turnover of Rs.2,300 Crore during year 2006-07.
As on 31st March 2007 the number of ATMs installed by the Bank stood at
337 across the country including one mobile ATM.
During the year, Bank tied up with State Bank of India for mutual sharing
of networks enabling our Cardholders to access ATMs of State Bank of
India at affordable charges. With this tie up our Banks debit card holders
have access to more than 12500 ATMs in the Cash Tree, BANCS, State
Bank of India and their associates besides, ATMs of VISA/Master Card
Networks.
Bank of Maharashtra and Tamil Nadu Mercantile Bank Ltd. continue to
be our affiliates in Credit Card business. The Bank continues to be the
settlement bank for Master Card in India, Cashtree and Bancs networks.
yegefueeve yeQeEkeie
yeQke eje veJebyej 1997 ceW meerHPe SJeb Denceoeyeeo ceW yegefueeve yeQeEkeie kee DeejbYe efkeee
ieee Lee~ oesveeW MeeKeeDeeW eje yegefueeve keejesyeej efkeee peevee peejer nw~ meerHPe MeeKee
efveee&lekeeW keer `mJeCe& $eCe' keer DeeJeMekelee kees Hetje kejleer nw~ meesvee keescesme& yeQke uegkepescyeie& SJeb etyeerSue yeQke - petefjke mes Hejs<eCe DeeOeej Hej eeHle efkeee peelee nw~ Je<e&
2006-07 kes oewjeve, yegefueeve keejesyeej ves meesves keer efyeeer, ve&DeesJej SJeb ieefleefJeefOe mes
Deee eeHle keer efpemekee Helee efvecve [ee mes euelee nw
yeQke eje efJeiele Je<e& kes oewjeve yeses ieS 5852 efke.ee. meesves keer leguevee ceW Je<e& kes oewjeve
kegue 9113 efke.ee. meesvee yesee ieee (3263 efke.ee. $eCe DeeOeej Hej Deewj 5850 efke.ee.
Meg efyeeer DeeOeej Hej) Fme lejn FmeceW 55.72% keer Je=ef ope& keer ieF&~
efJeiele Je<e& kes . 413.76 kejes[ keer leguevee ceW Je<e& kes oewjeve . 860.13 kejes[ kee
ve&DeesJej ngDee nw Fme lejn FmeceW 107.88% keer Je=ef ope& keer ieF& nw~
yeQke ves efJeiele Je<e& kes . 2.10 kejes[ keer leguevee ceW Je<e& 2006-07 kes oewjeve keefceMeve, yeepe
Deeefo meefnle kegue . 3.28 kejes[ kee Depe&ve efkeee nw~ Fme lejn FmeceW 56.19% keer Je=ef
ope& ngF& nw~
Bullion Banking
mej kewMe eyebOeve mesJeeSb
Star Cash Management Services
eskeeW keer JeemleefJeke He ceW Jemetueer keer eleer#ee efkeS yeiewj eenkeeW kes eskeeW keer lelkeeue
Jemetueer SJeb efveefOe kees lelkeeue peejer kejves nsleg yeQke eje Je<e& 2000 ceW mej kewMe vekeoer
eyebOeve mesJeeDeeW kee eejbYe efkeee ieee~ eenke mLeeveere/yeenjer JemetefueeeW mes eeHle keer ieF&
efveefOe kees Hetue kej mekeles nQ Deewj DeHeveer Hemebo kes efkemeer Yeer efJeefMe keW ceW ee efJeefJeOe
keWeW ceW GHeueyOe keje mekeles nQ~
Star Cash Management Services was introduced by the Bank in the year
2000 for speedier collection of cheques and release of immediate funds to
the customers without waiting for actual realization of cheques. The
customers can pool the funds arising out of local/upcountry collection and
have these funds made available at a particular centre or at multiple centres
of their choice.
Deye en GlHeeo veJeerke=le efkeee pee jne nw Deewj MeerIe ner FmeceW Jemetueer leLee Yegieleeve
meceeOeeve Meeefceue efkeS peeSies~ veJeerke=le GlHeeo Gej efoveebefkele eskeeW/F&meerSme DeefOeosMeeW
kees ^ske kej kebHeveer kes ose SJeb eeeqHleeeW kes eyebOeve kees Yeer megefJeOeepeveke yeveeSiee~
Now the product is being revamped and will be shortly launched to include
both collection and payment solutions. The revamped product would also
facilitate management of Payables and Receivables of a Corporate by
tracking Post Dated Cheques/ECS Mandates.
Bullion banking was introduced by the Bank in November 1997 at SEEPZ

and Ahmedabad branches. Both the Branches continue to undertake bullion
business. SEEPZ Branch caters to the need of gold loans to exporters.
Gold is procured from Commerze Bank-Luxembourg and UBS BankZurich, on consignment basis. During the year 2006-2007, Bullion business
has registered a spurt in sale of gold, turnover and income derived from
the activity as revealed from the following data:
A total of 9113 kgs Gold was sold by the bank (3263 kgs on loan basis and
5850 kgs on outright basis) as against 5852 kgs during the previous year
recording an increase by 55.72%.
The turnover of Rs.860.13 crore during the year as against Rs.413.76
crore during the previous year registered an increase of 107.88%.
The Bank earned a total income of Rs.3.28 crore including commission,
interest etc. during 2006-07 as against Rs.2.10 crore in the previous year
showing an increase of 56.19%.
25
Deve He#e GlHeeo peerJeve yeercee GlHeeoeW kes efueS iepees[
Third Party Products
yeQke eje efomebyej 2001 ceW DeeF&meerDeeF&meerDeeF& eg[seqvMeeue ueeFHe FvMeesjsvme

keb.efue. kes meeLe peerJeve yeercee GlHeeoeW keer efyeeer nsleg HejeceMeea iepees[ JeJemLee
mLeeefHele keer ieeer~ Jele&ceeve ceW nceejer 98% MeeKeeSb DeeF&meerDeeF&meerDeeF& eg[seqvMeeue
ueeFHe FvMeesjsvme keb.efue. kes peerJeve yeercee GlHeeoeW kees yese mekeleer nQ~ Fve peerJeve yeercee
GlHeeoeW kees Deye yeQke Dee@He Fbef[ee eje eeeesefpele #es$eere eeceerCe yeQkeeW kes peefjS Yeer
eenkeeW kees GHeueyOe kejeee pee jne nw leeefke efJeeere meceeJesMeve kes keee& kees Deeies
ye{eee pee mekes~
Bank has entered into referral arrangement tie up with ICICI Prudential
Life Insurance Co Ltd. for selling life insurance products in December
2001. Presently 98% of our branches can source life insurance products
of ICICI Prudential Life Insurance Company Limited. These life insurance
products are now being made available through Regional Rural Banks
sponsored by Bank of India for their clients to further the cause of financial
inclusion.
Tie-up for Life Insurance Products
mej nesce ueesve GOeejkelee&DeeW kees peerJeve yeercee megj#ee eoeve kejves kes GsMe mes yeQke
Dee@He Fbef[ee ves DeeF&meerDeeF&meerDeeF& eg[sefvMeeue ueeFHe FvMeesjsvme keb.efue. kes meeLe iepees[
mLeeefHele kejles ngS Ske egHe yeercee eespevee eeuet keer nw~ eespevee kee GsMe yeerefcele mej
$eCe GOeejkelee&DeeW kes DeeefeleeW kees efkemeer DeveHesef#ele Ievee kes emebie ceW efJeeere megj#ee
eoeve kejvee nw~ Ssmes emebie ceW yeercee kebHeveer yeQke kees yeerefcele cetue Deoe kejves kes GejoeefelJe
kees mJeerkeej kejleer nw leeefke yeerefcele GOeejkelee& (kelee&DeeW) kes DeeefeleeW kees DeeefLe&ke
keefveeF& SJeb Demegj#ee mes otj jKee pee mekes SJeb HeefjJeej DeeJeeme DeHeves Heeme jKe mekes~ en
Skeue eerefceece ceereeoer yeercee keJej nw SJeb eerefceece kej ceW ueeYe nsleg Hee$e nw~ en Ske
JewkeefuHeke megefJeOee nw pees kesJeue nceejs mej nesce ueesve GOeejkelee&DeeW kees DeuHe Meguke Hej
GHeueyOe nw~ en megefJeOee yeQke eje GHeueyOe kejeS iees efveMeguke Jeweeqkeleke yeercee keJej
(eeslmeenve) kes Deefleefjkele nw~
With a view to providing life insurance cover to Star Home Loan

borrowers, Bank of India has come out with a group insurance scheme
in tie-up with ICICI Prudential Life Insurance Company Limited. The
objective of the scheme is to provide financial security to the dependents
of the insured Star Home Loan borrowers in case of any unexpected
eventuality. In such an event the insurance company assumes the
responsibility to pay the Bank the outstanding in the Star Home Loan
Account so that the dependents of the insured borrower(s) are spared from
financial hardships and insecurity and family can retain the house
property. This is a single premium term insurance cover and the premium
is eligible for tax benefit. The insurance cover is an optional facility
exclusively available to our Star Home Loan borrowers for a small fee.
This facility is over and above the free Personal Accident Insurance Cover
(incentive) provided by the Bank.
meeceeve yeercee (iewj-peerJeve) GlHeeoeW kes efueS iepees[
Tie-up for General Insurance (Non-life) Products
vewMeveue FvegMejvme keb.efue. kes meeLe efJeeceeve iepees[ kees HejJejer 2007 ceW yeerDeesDeeF&
jeêre mJeemLe yeercee Hee@efuemeer DeejbYe kej Deewj meg{ yeveeee ieee nw~ yeerDeesDeeF& vewMeveue
mJeemLe yeercee HeefjJeej Heueesj cesef[keuesce yeercee megj#ee nw efpemes kesJeue yeQke Dee@He Fbef[ee
kes meYeer KeeleeOeejkeeW kes efueS leweej efkeee ieee nw~ Fmekeer JeeeqHle Keelee Oeejke, Heefle/
Helveer Deewj 21 Je<e& keer Deeeg kes DeefOekelece oes yees leke nw~ mebHetCe& HeefjJeej (KeeleeOeejke,
Gmekee Heefle/Helveer Deewj 21 Je<e& keer Deeeg leke kes oes yees) yeerefcele jeefMe keer meercee leke
megjef#ele nw leLeeefHe yeerefcele jeefMe kes keg efnmmes kee ueeYe HeefjJeej meomeeW eje efJeefYeVe
meceeeW Hej efueee pee mekelee nw~ Heueesj DeeOeej Hej peejer Hee@efueefmeeeW ceW eerefceece keeHeer
egekq eleegkele nw Deewj Fme ekeej keer Heueesj Hee@euf emeer kesJeue yeQke Dee@He Fbe[f ee kes KeeleeOeejkeeW
kees ner GHeueyOe nw~
The existing tie-up with National Insurance Co. Ltd. has been further
strengthened with the launch of BOI National Swasthya Bima Policy in
Feb 2007. BOI National Swasthya Bima is Family Floater Mediclaim
Insurance Cover exclusively devised for all account holders of Bank of
India. The coverage is for the Account Holder, Spouse and Maximum
of 2 Dependent Children, up to the age of 21 years. Entire family
(Account holder, his/her spouse and their two dependent children up to
the age of 21) are covered to the extent of sum insured in as much as
part of the sum insured can also be availed at different times by family
members. Premium is very reasonable as the policies issued on floater
basis and this type of floater policy is available to Bank of India account
holders only.
cetegDeue Heb[ GlHeeoeW kes efueS iepees[
Tie-up for Mutual Funds Products
eeuet Je<e& kes oewjeve yeQke ves keeske cetegDeue Heb[ kes meeLe Gvekes cetegDeue Heb[ GlHeeoeW
keer efyeeer kes efueS iepees[ JeJemLee mLeeefHele keer nw~ yeQke Henues mes ner eterDeeF& cetegDeue
Heb[ Deewj Se[erSHemeer cetegDeue Heb[ kes GlHeeoeW kee efJelejCe kej jne nw~ Fmekes Deefleefjkele,
yeQke Dee@]He Fbef[ee eje eterDeeF& cetegDeue Heb[ kes meeLe mJeeb meneelee mecetn kes meomeeW
kees eterDeeF& mesJeeefveJe=efe ueeYe HesvMeve Henue kes peefjS efveJesMe kej DeJemej eoeve kejves kes
efueS, Heeeue DeeOeej Hej, veerefleiele iepees[ mLeeefHele efkeee ieee nw~
During the current Year, Bank entered into a tie-up with Kotak Mutual
Fund for sale of their mutual fund products. Bank is already distributing
mutual fund products of UTI Mutual Fund and HDFC Mutual Funds.
Further, Bank of India has entered into a strategic tie-up, on a pilot basis,
with UTI Mutual Fund for providing the members of Self Help Group an
investment opportunity through a Micro-Pension initiative under UTIRetirement Benefit Pension Fund.
The Micro Pension initiative facilitated by Bank of India and UTI Mutual
Fund aims to provide the much needed social security cover for the lowincome group during their old age. Under the initiative, members of the
Self Help Groups maintaining accounts with Bank of India will contribute
minimum amount of Rs.100/- every month towards UTI Retirement Benefit
Pension Fund upto the age of 55 years so as to enable them to receive
pension in the form of periodical income / cash flow after they reach the
age of 58 years.
yeQke Dee@]He Fbef[ee SJeb eterDeeF& cetegDeue Heb[ eje eejbYe keer ieF& ceeFees HesvMeve Henue
kee GsMe nw kece Deee Jeeues mecetn kees Gvekes Je=lJe kes oewjeve Deefle DeeJeMeke meeceeefpeke
megj#ee yeercee GHeueyOe kejevee~ Fme Henue kes Debleie&le yeQke Dee@]He Fbef[ee kes Heeme Keelee
jKeves Jeeues mJe-meneelee mecetn kes meome eterDeeF& efveJe=efe ueeYe eespevee efveefOe ceW eefle ceen
. 100/- keer vetvelece jeefMe 55 Je<e& keer Deee leke pecee kejsiee leeefke 58 Je<e& keer Deeeg
nesves kes GHejeble GvnW DeeJeefOeke Deee/vekeo eJeen kes He ceW HesvMeve eeHle nes mekes~
26
F&meerpeermeer $eCe yeercee kes meeLe iepees[

yeQke ves F&meerpeermeer kes $eCe yeercee GlHeeoeW kes efJeHeCeve kes efueS Yeejleere efveee&le $eCe ieejber
efveiece efue. (F&meerpeermeer) kes meeLe iepees[ JeJemLee mLeeefHele keer nw~ iepees[ kes Debleie&le,
yeQke keer MeeKeeSb F&meerpeermeer kes efJeefYeVe $eCe yeercee GlHeeoeW kes mebefJelejCe kee keee& Gvekes
eenkeeW kes efueS kej jner nQ~
Je<e& kes oewjeve yeQke ves iepees[ kes Debleie&le . 40.33 ueeKe kee keejesyeej eeHle efkeee nw,
Deewj F&meerpeermeer mes . 1.33 ueeKe kee keefceMeve Deefpe&le efkeee nw~
Tie-up with ECGC Credit insurance
SveHeerS eyebOeve
SveHeerS ceW keceer ueeves kees meJeexe eeLeefcekelee oer ieF&
nw Deewj keg Je<eeX mes Fme keee& kees Deleble cenlJe eeHle
ngDee nw~ Jemetueer kes mebJeOe&ve SJeb SveHeerS keer jeskeLeece
kes efueS Heee&Hle GHeee efkees iees~ yes KeeleeW leLee
DeeYeeefjle/ DeJemetueerke=le yeepe KeeleeW ceW DeefOekelece
Jemetueer kes efueS Yeer eeeme efkees iees efpemekee yeQke kes
ueeYe ceW cenlJeHetCe& eesieoeve jnlee nw~ Je<e& kes efueS
nceeje SveHeerS Iees<e Jeekee Lee ``SveHeerS keewleer nsleg
mekeWefle Oeeve'' Deewj SveHeerS eyebOeve kes meYeer
ceeveoC[eW kes Debleie&le keee&efve<Heeove Hej en Iees<e
Jeekee Keje Gleje nw~
efvecveefueefKele leeefuekee efJeiele 3 Je<eeX kes oewjeve yeQke
kes Jewefeke SveHeerS efmLeefle kes eYeeJeer eyebOeve kees
oMee&leer nw
NPA Management
Bank has a tie-up arrangement with Export Credit Guarantee Corporation

of India Ltd. (ECGC) for marketing ECGCs credit insurance products.
Under the tie-up, Banks branches are undertaking the business of
distribution of various credit insurance products of ECGC to their
constituents.
During the year, Bank procured a business of Rs.40.33 lakh under the tieup, earning a commission of Rs.1.33 lakh from ECGC.
NON-PERFORMING ADVANCES
mekeue SveHeerS (%)
GROSS NPA (%)
5.53
Meg SveHeerS (%)

NET NPA (%)
3.72
2.80
2.42
1.49
0.74
2004-05
2005-06
(. kejes[ ceW)
ceo
mekeue SveHeerS (eejbefYeke)
IeeSb
vekeo Jemetueer
mecegVeeve
yes Keelee
kegue keewleer
pees[s
eqmueHespe
mekeue SveHeerS (Debeflece)
yes KeeleeW, DeeYeeefjle yeepe
KeeleeW/DeJemetueerke=le yeepe ceW Jemetueer
Meg SveHeerS
mekeue DeefeceeW keer leguevee ceW mekeue SveHeerS kee %
Meg DeefeceeW keer leguevee ceW Meg SveHeerS kee %
Reduction of NPAs is given utmost priority

and this function has steadily grown in
importance. Substantial measures were
initiated to augment recovery and contain
NPAs. Efforts were also made to maximise
recovery in written off accounts and
uncharged / unrealised interest in NPA
accounts which contributes to Banks
profits significantly. Our slogan for NPA
Management for the year was Focussed
attention for NPA Reduction and
performance in all parameters of NPA
Management justifies this slogan.
Devepe&ke Deefece
The following table shows the effective

management of NPA (Global), during last 3 years.
(Rs. in crore)
2006-07
(JeemleefJeke)
Item
GROSS NPA (Opening)
(JeemleefJeke)
(JeemleefJeke)
31.03.05 (Actual) 31.03.06 (Actual)
31.03.07 (Actual)
3734
3156
2479
Cash-Recovery
805
721
752
Upgradations
201
142
132
Write-off
329
523
441
1335
1386
1325
757
709
946
3156
2479
2100
233
235
278
Net NPA
1554
970
632
% of Gross NPA to Gross Advances
5.53
3.72
2.42
% of Net NPA to Net Advances
2.80
1.49
0.74
Less:
Total Reduction
Add:
Slippages
GROSS NPA (Closing)
Recovery in W/Off A/cs, UCI/URI
yeQke ves Je<e& kes oewjeve SveHeerS eyebOeve veerefle keer meceer#ee keer nw pees SveHeerS mebefJeYeeie ceW
keee& kes meYeer HenuegDeeW kees Meeefceue kejlee ngDee Ske efJemle=le SJeb JeeHeke omleeJespe
nw~ en SveHeerS kes keee& mes peg[s meYeer meHe kes efueS Ske ceeie&oMe&ke meeOeve meeefyele
nesiee~
Je<e& kes oewjeve, nceves SDeejmeerDeeF&Sue/SSmeDeejF&meer kees eefleYetefle jmeero kes DeeOeej Hej
. 73.86 kejes[ keer 9 #eefleemle DeeefmleeeB yeseer nQ~ nceves keeske cebefne yeQke kees Yeer
. 9.67 kejes[ keer 3 #eefleemle DeeefmleeeB vekeo DeeOeej Hej yese oer nw~ nce SDeejmeer/
SveyeerSHemeer/DeveeW kees Jeweeqkeleke DeeOeej Hej ee mebefJeYeeie kes He ceW DeefYe%eele #eefleemle
DeeefmleeeB yeseves keer Deewj mebYeeJevee kees Keespe jns nQ leeefke YeefJe<e ceW Jemetueer ceW Je=ef nes~
Bank has reviewed the NPA Management Policy during the year, which is
a detailed and comprehensive document covering all aspects of handling
NPA portfolio. This will be a guiding tool in the hands of all staff looking
after NPAs.
During the year, we have been able to sell 9 impaired assets for Rs.
73.86 crore on Security Receipt basis to ARCIL/ASREC. We also sold 3
impaired assets for Rs. 9.67 crore on Cash Basis to Kotak Mahindra Bank
Ltd during the year. We are further exploring the possibilities of selling
identified impaired assets to ARCs/NBFCs/Others on individual basis or
by way of portfolio to increase recovery in future.
27
Ske veJeesvces<eer efkeesCe kes He ceW yeQke ves ye[s SveHeerS KeeleeW ceW 2 ef[efeeeb yeseves keer
keesefMeMe keer SJeb mebyebefOele KeeleeW ceW kejerye . 19 kejes[ keer Jemetueer kej Heeves ceW meHeue
jne~ yeQke Deeves Jeeues Je<eeX ceW Deye ess/cebPeesues Deekeej kes KeeleeW ceW ef[efeeeW keer efyeeer
kejves Hej Oeeve osiee~
. 50,000 leke Mes<e jeefMe Jeeues ess SveHeerS/yes KeeleeW kee efveHeeve kejves kes efueS yeQke
ceW Henues mes ner Ske efJeMes<e eespevee efJeeceeve nw~ eespevee kes eejbYe mes 1.75 ueeKe mes DeefOeke
KeeleeW ceW nce kejerye . 122.14 kejes[ keer Jemetueer kej HeeS nQ~ eeuet Je<e& kes oewjeve, yeQke
. 59.54 kejes[ keer Jemetueer kej mekee nw Fmeves nceW eeuet Je<e& kes oewjeve ye[er mebKee ceW
ess KeeleeW kee efveHeeve kejves ceW meceLe& yeveeee nw~ Fme KeC[ ceW KeeleeW keer bmeKee 3.04
ueeKe mes Iekej 1.33 ueeKe jn ieF& nw~
ueIeg SveHeerS kes lJeefjle efveHeeve nsleg efJeefYeVe MeeKeeSb/Debeue Jemetueer efMeefJejeW kee Deeeespeve
kej jns nQ SJeb ueeske DeoeueleeW ceW menYeeefielee keer pee jner nQ~ yeQke Ssmes Jemetueer efMeefJejeW kes
Deeeespeve kees cenlJe oslee jne nw leeefke Ssmes SveHeerS kee lelkeeue efveHeeve nes mekes~
DeefOekelece ueeYe kes efueS SmeSDeejSmeSF&SmeDeeF& DeefOeefveece kes eeJeOeeveeW kee Yeer keeee&vJeeve
efkeee ieee nw Deewj Fme ceeOece mes Je<e& 2006-07 kes oewjeve kejerye . 261.00 kejes[ keer
Jemetueer keer ieF& efJeiele Je<e& ceW en . 288.00 kejes[ Leer~
Je<e& kes oewjeve . 1325 kejes[ keer (. 752 kejes[ keer vekeo Jemetueer Deewj . 132
kejes[ kee mecegVeeve) SveHeerS ceW keewleer eeHle keer ieF&~ Deefleefjkele He mes, yes KeeleeW,
DeJemetueerke=le/DeeYeeefjle yeepe KeeleeW ceW . 278 kejes[ keer Jemetueer keer ieF& nw~ Fmekes
meeLe ner JemetefueeeW kes eeJeOeeve kees peejer kejves mes yeQke kes ueeYe ceW Fvekee cenlJeHetCe& He
mes DeMeboeve jne nw~ mJeosMeer ceesex Hej, Je<e& kes oewjeve vekeo Jemetueer, mecegVeeve, DeJemetueerke=le
yeepe/DeeYeeefjle yeepe ceW Jemetueer SJeb yes KeeleeW ceW Jemetueer kes ceeOece mes kejerye . 1111
kejes[ keer mekeue SveHeerS Jemetueer keer ieF& nw pees efJeiele Je<e& keer leguevee ceW DeefOeke nw~
Je<e& 2006-07 kes oewjeve yeQke kee keee&efve<Heeove veeres efoee ieee nw
(. kejes[ ceW)
ceo
As an innovative approach, Bank tried for sale of two decrees in large

NPA accounts and succeeded in recovering Rs.19 crore during the current
year. We are now targeting sale of decrees in small/mid size accounts also
in coming years.
A special Scheme to tackle Small NPA/ written off accounts with balances
upto Rs. 50,000 is already in existence in our Bank. Since inception of the
Scheme, we could recover about Rs.122.14 crore in more than 1.75 lakh
accounts. During the current year we could recover around Rs. 59.54 crore.
This has enabled us to resolve a large number of Small accounts during
the current year. The number of accounts under this segment stand reduced
to 1.33 lakh from 3.04 lakh.
Various Branches/Zones have been conducting recovery camps and
participation in LOK ADALAT for speedy resolution of small NPAs. Bank
is always emphasising for organising such recovery camps so as to have
quicker resolution of such NPAs.The provisions of SARFAESI Act have
also been implemented to the maximum advantage and our recovery is
around Rs. 261.00 crore through this route during the year 2006-07 as
against Rs. 288.00 crore in the previous year.
During the year, reduction in NPA of Rs.1325 crore (including cash
recovery of Rs.752 crore and upgradation of Rs.132 crore) have been
achieved. Additionally, recoveries in written off accounts, unrealised/
uncharged interest amounted to Rs.278 crore. This alongwith the release
of provision in the NPAs recovered, have significantly contributed to the
bottom line of the Bank. In domestic NPA the aggregate NPA recovery
during the year is about Rs.1111 crore by way of Cash Recovery,
upgradation and recovery in URI/UCI & W/o accounts which is above the
last years figures.
The banks performance during the year 2006-07 is as below:
(Rs. in crore)
Item
mJeosMeer
eLee 31.03.2006 kees eejbefYeke SveHeerS
IeeSb
vekeo Jemetueer
mecegVeeve
yes Keeles
kegue keewleer
pees[W
eqmueHespe
eLee 31.03.2007 kees Debeflece SveHeerS
(JeemleefJeke) (Actual)
efJeosMeer Foreign
Jewefeke Global
31.03.2007
Opening NPA as on 31.03.2006
Domestic
2219
260
2479
Cash Recovery
701
51
752
Upgradation
132
132
Write Off
318
123
441
1151
174
1325
862
84
946
1930
170
2100
Less:
Total Reduction
Add:
Slippages
Closing NPA as on 31.03.2007
eLee 31.3.2007 kees mekeue Devepe&ke Deefece efJeiele Je<e& kes . 2479 kejes[ keer leguevee
ceW . 2101 kejes[ kes Ies ngS mlej Hej jns nQ DeLee&le SveHeerS ceW . 378 kejes[ keer
keewleer ngF& nw~
yeQke keg Je<eeX mes SveHeerS nsleg Heee&Hle eeJeOeeve kejlee jne nw~ en, Deewj meeLe ceW mekeue
SveHeerS mlej Hej keewleer SJeb DeefeceeW ceW Je=ef mes keg Je<eeX mes Meg SveHeerS ceW cenlJeHetCe& He
mes keceer ngF& nw efpemes efvecve leeefuekee mes peevee pee mekelee nw
As on 31.3.2007, the gross Non-performing Advances stood at a reduced

level of Rs.2101 crore as compared to Rs.2479 crore in the previous year
resulting in reduction of NPA level by Rs.378 crore.
Bank has been making adequate provisions for NPA over the years. This,
coupled with reduction in NPA level has contributed to significant declining
trend of Net NPA over the years as can be seen from below:
28
Je<e& Year mekeue SveHeerS jeefMe Gross NPA
(. kejes[ ceW)
% mekeue SveHeerS jeefMe % of Gross NPA Meg SveHeerS jeefMe Net NPA
(Rs. in crore)
%Meg
SveHeerS jeefMe % of
2004-05
3156
5.53
1554
2.80
2005-06
2479
3.72
970
1.49
2006-07
2100
2.42
632
0.74
eeJeOeeve keJejspe DevegHeele (Jewefeke) Provision coverage ratio (Global)

Je<e& Year
mJeosMeer Domestic %
efJeosMeer Foreign %
kegue Total %
2004-05
46.50
94.69
50.75
2005-06
56.48
98.61
60.89
2006-07
68.76
83.01
69.91
MeeKee vesJeke& SJeb efJemleej
Branch Network and Expansion
yeQke kee Yeewieesefueke He mes Yeejle Deewj efJeosMe

ceW megefJemleeefjle MeeKee vesJeke& nw~ yeQke keer ceee&,
2007 kees meceeeqHle leke 2725 MeeKeeSb nQ~ efJeosMe
ceW 22 MeeKeeDeeW Deewj 3 eefleefveefOe keeee&ueeeW
eje nceejer GHeefmLeefle efJee kes meYeer mecee #es$eeW
ceW nQ~
Je<e& 2006-2007 kes oewjeve 63 veF& MeeKeeSb Keesueer
ieF Deewj 41 efJemleej HeueeW kees mebHetCe& MeeKee kes
He ceW HeefjJeefle&le efkeee ieee nw~ veeer Keesueer Fve
MeeKeeDeeW ceW mes 14 MeeKeeSb ceneveiej #es$eeW ceW, 21
Menjer, 19 DeOe&Menjer Deewj 9 eeceerCe #es$eeW ceW efmLele
nQ~ MeeKee egeqkelekejCe GHeee kes He ceW yeQke ves
Ske MeeKee (veF& efouueer [êHe Deoekelee& MeeKee)
kee mebefJeuee Deewj 2 efJemleej HeueeW kees yebo efkeee
nw~
yeQke kee MeeKee vesJeke& efvecveevegmeej nw
eJeie&
Net NPA
Category
The Bank has a geographically well-spread

branch network in India and abroad. We
have 2725 branches in India as at the end
of March 2007. The Bank has 22 branches
and 3 representative offices abroad keeping
our presence felt in all the international
time zones.
mesJee ceeOece
DELIVERY CHANNELS
25
123
120
337
2725
Yeejleere MeeKeeSb INDIAN BRANCHES

efJeosMeer MeeKeeSb/ keeee&uee OVERSEAS BRANCHES / OFFICES
efJemleej Heue EXTENSION COUNTERS
SerSce ATMs
Composition of our branch network is as

follows:
efJeMes<eerke=le MeeKeeSb SPECIALISED BRANCHES
31.03.2006
MeeKeeDeeW keer mebKee
During the year 2006-2007, 63 new

branches were opened, and 41 extension
counters were converted into full-fledged
branches. Of these newly opened branches,
14 branches were located in Metro areas,
21 in urban, 19 in Semi urban and 9 in rural
areas. As part of branch rationalisation, the
Bank merged one branch (New Delhi
Drafts Paying Branch) and closed 2
extension counters.
31.03.2007
kegue kee %
% to Total
MeeKeeDeeW keer mebKee
No. of Brs.
No. of Brs.
kegue kee %
% to Total
ceneveiejer
Metropolitan
505
19.2
523
19.2
Menjer
Urban
432
16.5
475
17.4
DeOe&Menjer
Semi Urban
484
18.5
508
18.7
eeceerCe
Rural
1201
45.8
1219
44.7
kegue MeeKeeSb
Total Branches
2622
100.0
2725
100
efJemleej Heue
Extension Counters
163
120
mJeosMeer yeepeej ceW keg efveefele eJeie& keer efJeefMe efJeeere DeeJeMekeleeDeeW kees Hetje kejves
kes efueS yeQke keer 123 efJeefMeerke=le MeeKeeSb nQ~ Fvekee yeewje Fme ekeej nQ
The Bank has 123 specialised branches catering to the financial

requirements of specific categories of borrowers/clients in the domestic
market break-up of such branches is given in the following table:
29

31.03.2006 31.03.2007
1
2
3
4
5
6
7
8
9
10
11
12
SmeSceF& MeeKeeSb
DeesJejmeerpe MeeKeeSb
keeHeexjs yeQeEkeie MeeKeeSb
ye=nle keeHeexjs yeQeEkeie MeeKeeSb
SveDeejDeeF& MeeKeeSb
kewefHeue ceekex MeeKeeSb
ke=ef<e Ge lekeveerke efJee MeeKeeSb
Jemetueer MeeKeeSb
JeeefCeeqpeke SJeb Jeweeqkeleke yeQeEkeie MeeKeeSb
kees<eeieej MeeKee
ie=n efvecee&Ce SJeb Jeweeqkeleke efJee MeeKeeSb
mejkeejer keejesyeej MeeKee
kegue
32
32
31.03.2006 31.03.2007
1 SME Branches
32
32
2 Overseas Branches
3 Corporate Banking Branches
4 Large Corporate Banking Branches
5 N.R.I. Branches
6 Capital Market Branches
7 Agricultural Hi-Tech Finance Branches
13
13
8 Recovery Branches
13
13
35
36
9 Commercial & Personal Banking Brs.
35
36
10 Treasury Branch
11
11 Housing & Personal Finance Brs.
11
12 Government Business Branch
119
123
119
123
TOTAL
Yeejleere efjpeJe& yeQke ves efmelebyej 2005 ceW MeeKee mJeeueve keer Goej veerefle Ieesef<ele keer nw efpemeceW
yeQkeeW kees Yeejleere efj]peJe& yeQke kees meboYe& efkeS yeiewj MeeKeeDeeW kee mLeeve yeoueves, efJeueeve
kejves Deewj yebo kejves kes efueS (keg MeleeX kes DeOeerve) Deewj DeefOeke mJeeeelee oer ieeer nw~
yeQkeeW kees efJeMes<eerke=le MeeKeeDeeW kees, Gvcegkele He mes, meeceeve yeQeEkeie MeeKeeDeeW SJeb efJemleej
HeueeW kees HetCe& MeeKee ceW leyoerue kejves kes efueS Yeer DeefOeke=le efkeee ieee nw~ Fme veerefle kee
ueeYe uesles ngS nceves DeHeveer DeueeYeeo MeeKeeDeeW kees Ssmes JewkeefuHeke mLeeveeW Hej mLeeveebleefjle
efkeee nw efpemekes keejCe yeQke kes keejesyeej SJeb ueeYe ceW Gvekeer Yeeieeroejer mes Je=ef ngF& nw~
Dee keee& efve<Heeove kejves Jeeues efJemleej HeueeW SJeb Gve efJemleej HeueeW kees efpevekees DeJeefmLeefle
kee ueeYe eeHle nw, Je<e& kes oewjeve MeeKeeDeeW kes vesJeke& kees ye{eves keer ef mes HetCe& MeeKeeDeeW kes
He ceW leyoerue efkeee ieee nw~ Fme veerefle kees Deeves Jeeues Je<e& ceW Yeer peejer jKee peeSiee~
RBI has announced a liberalised policy of Branch Authorisation in

September 2005, wherein banks have been given some freedom to shift,
merge and close branches (subject to certain conditions) without referring
to RBI. Banks also have been authorized to freely convert the specialised
branches into general banking branches and extension counters into fullfledged branches. Falling in line with this policy some unremunerative
branches were shifted to alternate sites where their contribution to Banks
business & profit is enhanced. All extension counters showing good
performance and having locational advantage were converted into fullfledged branches to increase our branch network during the year. It is
intended to continue this policy for the coming year as well.
efJeHeCeve SJeb eeej

yeQke ves efJeHeCeve kees Ske cenlJeHetCe& mebieveelceke keee& kes He ceW ceevelee eoeve keer nw SJeb
Fme efJeeej kee efveeeHetJe&ke meceLe&ve efkeee peelee nw efke yeQke kes keejesyeej kee GsMe nw vees
eenke yeveevee, Gvekes efueS megefJeOeeDeeW kee efvecee&Ce kejvee Deewj eenkeeW kes efueS cetue
efvecee&Ce, mebes<eCe SJeb cetue mebJeOe&ve kes efueS eenke kesefvle eefeeeDeeW kee mes Yeer mLeeefHele
kejvee Fmekee GsMe nw~
keeHeexjs mlej Hej Ske mJeleb$e efJeHeCeve efJeYeeie keer mLeeHevee keer ieF& nw~ yeQke ves mebkeWefle
efJeHeCeve eeemeeW kes efueS 1000 mes DeefOeke meefee megeefMeef#ele keefce&eeW keer Ske erce yeveeeer
nw Deewj GvnW cenlJeHetCe& mLeeveeW Hej lewveele efkeee nw~ veee Kegoje SJeb SmeSceF& keejesyeej eeHle
kejves kes meeLe ner efJeeceeve SJeb vees eenkeeW kees yeQke SMeesjsvme SJeb cetegDeue Heb[ kes
GlHeeoeW keer efyeeer kejvee Yeer Fmekee ecegKe ue#e nw~
yeQke ves Je<e& kes eejbYe mes ner DeHeveer efJe%eeHeve keee&veerefle kees Hegveie&efle SJeb meg{ kejves kee
efveCe&e efueee Lee leeefke Gmes Deueie keeHeexjs Heneeve eeHle nes mekes~ keeHeexjs ueesiees kes efueS
ef[peeF&ve HeefjJele&ve kes meeLe ner yeQke ves vees mebkesleJeekee `èfjMleeW keer peceeHetbpeer'' kees
DeHeveeee leeefke eeslee eKeC[eW kees YeeJeveelceke mlej Hej mebyeesefOele efkeee pee mekes~ veF&
kee@jHeesjs Leerce èfjMleeW keer peceeHetbpeer' Hej kesvere efJe%eeHeve DeefYeeeveeW keer Ske e=bKeuee
meYeer ceuerceeref[ee ewveueeW Hej eueeF& ieF& leeefke jeêre He mes keeHeexjs yeeB[ efye keer
Devegietbpe nes SJeb DeefOeke GlHeeo DeefYeeeveeW kes efueS DeeOeej eeHle nes~ Fmekes Heeele Fmekee
DevegmejCe nceejs GlHeeoeW SJeb mesJeeDeeW Hej efJe%eeHeveeW kes meeLe efkeee ieee~ ecegKe ceneveiejeW
SJeb mebHetCe& osMe kes cegKe-cegKe MenjeW ceW nesef[ie ueieees iees leeefke ieesejlee ceW DeefYeJe=ef nes
SJeb Meleeyoer meceejesneW kes ceveeves keer Deesj Oeeve keseqvle efkeee pee mekes~
Marketing & Publicity

The Bank has recognised marketing as a very important organizational
function and strongly subscribes to the view that the purpose of Banks
business is to create new customers, create conveniences for them and
also put in place a set of customer centric processes for creating,
communicating and enhancing value to customers.
At the corporate level, an independent marketing department has been set
up. The Bank has carved out a team of over 1000 proactive well-trained
personnel for focussed marketing efforts and has placed them in strategic
locations. The main focus is on garnering new Retail and SME business
and also sale of Bancassurance & Mutual Fund products to existing and
new clients.
The Bank had, at the beginning of year; taken a decision to revamp and
fortify its advertising strategies so as enable it to strike a distinct corporate
identity. Having effected a design makeover for the corporate logo, the
Bank had adopted a new brand caption Relationships beyond banking
to address audience segments at an emotional level. A series of advertising
campaigns centered on the new corporate theme Relationships beyond
banking were run across multi-media to accentuate the corporate brand
image nationally and to lay the ground for further product campaigns.
This was followed up later in the year with advertisements on our products
and services. Hoardings were displayed in the main metros and major
towns across the nation to improve visibility and mark the Centenary
Celebrations.
30
ecegKe jeêre ewveueeW Hej efoKeeF& ieF& èfHeiieer yeQke SC[ efo eeFu[' leLee `èfo Deesu[ cesve
SC[ efo yeQke'' veeceke Meer<e&ke keer oes efJe%eeHeve efHeuceeW kees efJeefYeVe JeieeX mes keeHeer eMebmee
SJeb yeOeeF& eeHle ngF& nw~
keeHeexjs yeeefC[bie eeemeeW kees HetCe& eYeeJe osves kes GsMe mes yeQke ves mebHetCe& osMe ceW DeHeves
eleerke efendveeW kes ceevekeerkejCe SJeb veJeerkejCe keer eefeee kee keee& efkeee~ nceejer
MeeKeeDeeW kes HeefjJesMe kes ceevekeerkejCe SJeb megOeej kes efueS Yeer eeeme efkees iees leeefke Jes
meYeer JeieeX kes eenkeeW kees Hemebo DeeSb~
The two corporate ad films titled The Piggy Bank and The Child and
The Old Man and The Banker carried on the leading television channels
won appreciative and applausive comments from various quarters.
yeQke kee Meleeyoer meceejesn
Banks Centenary Celebrations
yeQke ves 6 efmelecyej, 2006 kees Meleeyoer Je<e& Hetje efkeee~ Meleeyoer Je<e& kees ceveeves kes GsMe
mes yeQke ves meceepe kes efueS DeHeves keeHeexjs meeceeefpeke GejoeefelJe kees efveYeeves kes efueS
meceeqvJele efJekeeme nsleg mebHetCe& osMe kes 101 ieeBJeeW kees DeHeveevee, mebHetCe& osMe ceW efkemeeveeW,
ceefnueeDeeW, e$eeW, oefueleeW, keejeriejeW Deeefo kees nceejer meYeer MeeKeeDeeW eje meneelee osves
kes eeeme kejvee Deeefo pewmeer ieefleefJeefOeeeW kee eejbYe efkeee~ yeQke ves Deece pevelee kes efueS
efJe%eeve YeJeve, veF& efouueer ceW efoveebke 25 Deiemle, 2006 kees mebHeVe DeHeves Meleeyoer meceejesn
kes keee&ece ceW ``DeYee'' veeceke veeme (mebj#eCe SJeb megj#ee kee Deeeemeve) kes He ceW
efveMeguke $eCe HejeceMeea mesJee JeJemLee mLeeefHele keer nw~ cegKe DeefleefLe, Yeejle kes je^Heefle
ceneceefnce [e@. S.Heer.pes. Deyogue keueece ves DeHeves ecegKe mebyeesOeve ceW yeQke keer Gmekes
keee&efve<Heeove kes efueS mejenvee keer Deewj kene efke yeQke Dee@]He Fbef[ee DeHeves efJeiele meew Je<eeX
ceW eleske DeeefLe&ke ieefleefJeefOe ceW Yeejle mejkeej kee Yeeieeroej jne nw~ je^Heefle cenesoe ves
yeQke kees DeHeves ue#e keer meHeuelee kes efueS leLee yeQke kes ceneve mebmLeeHekeeW eje DevegmejCe
efkees iees ceeie& Hej GoenjCeelceke efleere Meleeyoer kes efueS MegYekeeceveeSb eoeve keeR~
ceeveveere efJee ceb$eer, eer Heer. efeocyejced SJeb ceeveveere efJee jepe ceb$eer, eer HeJeve kegceej yebmeue
mecceeveere DeefleefLe kes He ceW GHeefmLele Les~
The Bank completed Centenary Year on 6th Sept. 2006. To commemorate

the Centenary, the Bank introduced various activities to fulfill its Corporate
Social Responsibilities towards society such as adoption of 101 villages
for integrated development all over the country, handholding efforts across
the nation at all our branches comprising of farmers, women, students,
dalits, artisans, etc. The Bank established free of cost Credit Counseling
Services arrangement in the form of a Trust called ABHAY (assured of
protection and safety) to the common man at its Centenary Celebration
function held at Vigyan Bhavan, New Delhi on 25th August, 2006. Chief
guest the President of India His Excellency, Dr. A.P.J. Abdul Kalam in his
keynote address commended the Bank for its performance and said that
Bank of India during the last hundred years has been a partner of the
Government in every economic activity. The President wished the Bank
success in its mission and a very illustrious second century on the path
followed by the Banks great founders. Honble Union Finance Minister
Shri P. Chidambaram and Honble Minister of State for Finance, Shri Pawan
Kumar Bansal were also present on the occasion as guest of honour.
metevee eeweesefiekeer
INFORMATION TECHNOLOGY
MeeKee mJeeueve
Branch Automation
yeQke keer meYeer 2725 MeeKeeDeeW kee kecHetjerkejCe efkeee ieee efpemeceW mes 1044 MeeKeeSb
keesj yeQeEkeie meesuetMeve (meeryeerSme) cees[ Deewj 1681 MeeKeeSb eryeerSce cees[ Hej nQ~
All the 2725 branches of the bank, have been computerized-with 1044
Branches on Core Banking Solution (CBS) mode and 1681 Branches on
TBM mode.
In an effort to give a complete effect to the corporate branding endeavour,

the bank has taken up the process of standardising and refurbishing its
signages across the country. Efforts were also made to standardise and
improve the ambience of our branches so as to make them appealing to
all categories of clients.
MeeKee vesJeefkeie
yeQke ves 340 mes DeefOeke MenjeW ceW efmLele 1224 MeeKeeDeeW kee vesJeke& kej efoee nw peneB
keesj yeQeEkeie meesuetMeve (meeryeerSme) Deewj yeng MeeKee yeQeEkeie megefJeOee kes ceeOece mes keneR Yeer/
efkemeer Yeer mecee yeQeEkeie GHeueyOe kejeeer ieF& nw~ Fve meYeer MeeKeeDeeW ceW sueeryeQeEkeie SJeb
Fbjves yeQeEkeie megefJeOee GHeueyOe nQ~
Fbjves yeQeEkeie
Branch Networking
1224 Branches in more than 340 cities are networked wherein anywhere/
anytime banking is provided through Core Banking Solution (CBS)
Software and Multi Branch Banking facility. Telebanking and Internet
Banking facility is available in all these branches.
Internet Banking
Internet Banking has been introduced in 1224 networked branches for
retail/corporate customers, with features like viewing statement of account,
enquiring status of cheques, request for cheque book, transfer of funds
between designated accounts, etc.
Fbjves yeQeEkeie uesKee efJeJejCe osKeves, eskeeW keer efmLeefle kes mebyebOe ceW Hetlee, eske yegke kes
efueS DevegjesOe, eeefvele KeeleeW kes yeere efveefOeeeW kes DeblejCe Deeefo efJeMes<eleeDeeW kes meeLe
vesJeke& mes peg[er 1224 MeeKeeDeeW ceW DeejbYe keer ieF& nw~
mJeeefuele suej ceMeerve
Jele&ceeve ceW nceejs yeQke kes 337 SerSce (oesveeW Dee@ve meeF SJeb Dee@He meeF) yeQke kewMewêr
SJeb yeQke vesJeke& kes meome nQ~ yeQke kewMeêr SerSce vesJeke& kes efueS efveHeeve SJeb vees[ue
yeQke nw efpemekes 11 meome yeQke nQ peyeefke yeQke vesJeke& ceW 10 meome yeQke nQ~ yeQke vesJeke&
ceW keg efvepeer SJeb menkeejer yeQke Meeefceue nQ~ yeQke ves Yeejleere ms yeQke SJeb Gvekes
meneesefieeeW kes meeLe SerSce keer meePesoejer nsleg efHe#eere JeJemLee mLeeefHele keer nw~ nceejs
eenke Fve meePee SerSce vesJeke& kes Debleie&le DeefKeue Yeejle ceW 12,500 SerSce kee
GHeeesie kej mekeles nQ~
Automated Teller Machines

Presently our Bank has 337 ATMs (both on-site & off-site). The Bank is
member of CashTree and BANCS network. The Bank is the Settlement
and Nodal Bank for CashTree ATM network having 11 member banks
whereas in BANCS network there are 10 member banks. BANCS network
also include few Private and Co-operative Banks. The bank has also entered
into a bilateral arrangement for sharing of ATMs with State Bank of India
and its Associates. Our customers can use 12,500 ATMs all over India
under these shared ATM Networks.
yeerDeesDeeF& mej F-Hes
BOI Star e-Pay
yeQke 18 kesveW Hej GHeeesefielee efyeue Yegieleeve mesJee yeerDeesDeeF& mej F-Hes megefJeOee kes Debleie&le
Bank is providing utility Bill Payment Service at 18 centres under BOI
31

GHeueyOe keje jne nw~ efJeefYeVe GHeeesefielee mesJeeSb pewmes
sueerHeesve efyeueeW, efyepeueer, ceesyeeFue Heesve, esef[ kee[&
efyeue, yeercee eerefceece kee Yegieleeve Deewj keg meceeeej
Heef$ekeeDeeW kes DeefYeoeve cetegDeue Heb[ DeeJesoveeW SJeb
keg Deve mesJee GHeueyOekelee&DeeW kees Yegieleeve kejves
nsleg Deees-Hes ee Dee@ve ueeFve Yegieleeve kes efueS eenke
Hebpeereve kej mekelee nw~
Hes ef[jske
metevee eeweesefiekeer Henue

I.T. INITIATIVES
kecHetjerke=le MeeKeeSb
COMPUTERISED BRANCHES
1044
meeryeerSme MeeKeeSb
CBS BRANCHES
eryeerSce MeeKeeSb
2725
1224
TBM BRANCHES
Dee@ve ueeF&ve SerSce
ON-LINE ATMs
515
Star e-Pay facility. Customers can register

for auto-pay or on-line payment of various
utility services like payment of Telephone
Bills, Electricity, Mobile Phone, Credit
Card Bills, Insurance Premia and
subscription payments to certain
magazines, Mutual Fund applications and
certain other Agencies.
Deesueeme me#ece MeeKeeSb
OLTAS ENABLED BRANCHES
Fbjves/ceesyeeF&ue yeQeEkeie
337
1044
INTERNET / MOBILE BANKING
Pay Direct
1681
yeQke ves 22 efyeueme& kes meeLe Gvekeer yesJemeeF& kes

ceeOece mes meerOes Yegieleeve kejves keer JeJemLee mLeeefHele
keer nw~ SueDeeF&meer, SceerSveSue, SceSmeF&yeer, ne, ee Fbef[kee@ce, efjueeevme FvHeeskee@ce,
Fbef[eve SDej ueeFvme Deeefo keg GuuesKeveere efyeueme& nQ~
mej Mesej ^s[
Bank has made arrangement for Direct Pay

facility with 22 billers through their
websites. Some of the prominent billers are
LIC, MTNL, MSEB, Hutch, Tata Indicom, Reliance Infocom, Indian
Airlines etc.
yeQke kes eenkeeW kees MeerIe, megiece, HeejoMeea SJeb yeeOeeegkele Mesej ^sef[bie GHeueyOe keje oer
ieF& nw~ eenke Mesej yeeskeme& kees efceues / mebHeke& efkees yeiewj me@ke SkemeespeeW ceW ^s[ kej
mekeles nQ, efveHeeve eeeW kees Keespe mekeles nQ Deewj MesejeW/eefleYetefleeeW keer Kejero/efyeeer kes
efueS eske/megHego&ieer DevegosMe os mekeles nQ~
mej keveske Fbjves yeQeEkeie mesJeeSb
yeQke kes eenke Deye DeHeves IejeW SJeb keeee&ueeeW mes ceeGme Hej eqkeueke kej yeQeEkeie megefJeOeeDeeW
kee ueeYe eeHle kej mekeles nQ~
DeejerpeerSme
yeQke keer 1044 meeryeerSme MeeKeeSb DeejerpeerSme meceLe& nQ~ yeQke Fme ceeOece mes eefleceen
12000 mes DeefOeke mebJeJenejeW kee mebeeueve kej jne nw~
Banks customers are provided with a fast, easy, transparent and hasslefree way to trade in shares. Customers can invest in shares traded on the
Stock Exchanges without visiting/calling share-brokers; track settlement
cycles and write cheques/delivery instructions for purchases/sales.
SveF&SHeer
NEFT
yeQke keer 1044 meeryeerSme MeeKeeSb SveF&SHeer meceLe& nQ~ yeQke Fme ceeOece mes eefleceen
7000 mes DeefOeke mebJeJenejeW kee mebeeueve kej jne nw~
All 1044 CBS branches of the Bank have been NEFT enabled. Presently
Bank is handling more than 7000 transactions per month through this
channel.
F&SHeer
EFT
meYeer 15 efJeefveefo& keWeW kees, peneB Yeejleere efj]peJe& yeQke meceeMeesOeve ie=n kee eyebOeve kejlee
nw, F&SHeer meceLe& yeveeee ieee nw~
EFT has been enabled in all the 15 specified centers, wherever RBI manages
the Clearing House.
mHeer[ Oevees<eCe
yeQke ves Kee[er kes osMeeW ceW DeefveJeemeer YeejleereeW kes efueS mHeer[ Oevees<eCe megefJeOee eejbYe
keer nw leeefke Yeejle ceW ueeYeeefLe&eeW kees 24 IeCeW kes Yeerlej efveefOeeeW kees esef<ele efkeee pee
mekes~
yeQke ves Yeejle ceW DeejerpeerSme/meeryeerSme/Sceyeeryeer eCeeefueeeW kes GHeeesie mes DeefveJeemeer
YeejleereeW kee eEmeieeHegj ceW mHeer[ Oevees<eCe mesJee DeejbYe keer nw~ GHeeg&kele megefJeOeeSb m^s
Let eesmeseEmeie kee GHeeesie kejleer nw leeefke ueeYeeefLe&eeW kees lelkeeue esef[ oer pee mekes~
mej F-jsefce
Ske Jesye DeeOeeefjle Oevees<eCe GlHeeo, mej F jsefce kee eejbYe yeQke ves efkeee nw efpemekes
Debleie&le nceejer efJeosMeer MeeKeeDeeW pewmes veteeke&, efmebieeHegj, uebove, eskeees Deeefo mes DeefveJeemeer
YeejleereeW kees lelkeeue Oevees<eCe kejvee mebYeJe neslee nw~
mej Fvme jsefce
mej Fvme jsefce, Ske DeejerpeerSme meceLe& Oevees<eCe GlHeeo nw pees Yeejleere efj]peJe& yeQke
kes JeemleefJeke mecee mekeue efveHeeve (DeejerpeerSme)/{ebeeiele efJeeere mebosMe eCeeueer
(SmeSHeSceSme), mebjevee kee GHeeesie kejves Deblej yeQke/eenke mebJeJenej kes keejCe
efveefOeeeW kes DeblejCe kees meceLe& yeveeves nsleg eejbYe efkeee ieee nw~
Speed Remittance
DeejerpeerSme me#ece MeeKeeSb
RTGS ENABLED BRANCHES
Star Share trade
StarConnect Internet Banking Services

Banks customers can now enjoy the convenience of Banking from the
comfort of their Homes and Offices with a mouse click.
RTGS
All 1044 CBS branches of the Bank have been RTGS enabled. Bank is
handling more than 12000 transactions per month through this route.
Bank has initiated Speed Remittance facility for NRI customers in Gulf
countries to enable remitting funds within 24 hours to beneficiaries in
India.
Bank has introduced remittance service at Singapore for NRIs making
use of the RTGS/CBS/MBB systems in India. Both the above facilities
use Straight Through Processing to enable speedy credit to beneficiaries.
Star e-Remit
A Web-based remittance product, has been launched by the Bank under
which faster remittance is enabled for NRIs from our Branches abroad
like New York, Singapore, London, Tokyo, etc.
Star Insta Remit
Bank has introduced Star Insta Remit, an RTGS enabled remittance
product, enabling
remittance of funds for inter bank transactions
/ customer transactions utilizing the RBIs Real Time Gross Settlement
(RTGS) / Structured Financial Messaging System (SFMS), infrastructure.
32
Deesueme
yeQke ves Dee@veueeFve wkeme SkeeGbeEie efmemce (Deesueme) kes Debleie&le ele#e kej Jemetueer mes
mebyebeOf ele Dee@ve ueeF&ve kej YegieleeveeW kees eYeeJeer yeveeves kes efueS 515 MeeKeeDeeW kees meceLe& yeveeee nw~
efJeosMeer JeeHeej ceneefveosMeeuee ([erpeerSHeer)
eeefvele MeeKeeDeeW kees [erpeerSHeer kes Heeme DeeeelekeeW SJeb efveee&lekeeW nsleg Dee@veueeFve
DeeJesoveeW kees emlegle kejves nsleg meceLe& yeveeee ieee nw~
kesverke=le nye
eEmeieeHegj ceW kesverke=le Jewefeke nye (peerHeermeer) keer mLeeHevee keer ieF& nw efpememes meYeer efJeosMeer
MeeKeeDeeW kee vesJeefkeie efkeee ieee nw~
Jesmve& etefveeve keer ceveer DeblejCe mesJee
yeQke ves keg MeeKeeDeeW ceW Jesmve& etefveeve keer ceveer DeblejCe mesJee eoeve kejves kes efueS
kevee&ke yeQke efueefces[ kes meeLe iepees[ JeJemLee mLeeefHele keer nw~ ceF&, 2006 ceW DeejbYe
keer ieF& mesJee Deye 750 MeeKeeDeeW ceW oer pee jner nw~ FmeceW MeerIe ner 250 MeeKeeDeeW kees
Meeefceue efkeee peeSiee~ Je<e& 2006-07 kes oewjeve osMe keer efJeefYeVe MeeKeeDeeW ceW . 654
ueeKe jeefMe kes 2663 Oevees<eCeeW kees eeHle efkeee ieee Lee~
Heee DeenjCe JeJemLee
Kee[er osMeeW kes 14 SkemeeWpe neGme mes yeQke keer ie[pees[ JeJemLee nw pees eeefvele MeeKeeDeeW
Hej Heee [êHe Deenefjle kejves kes efueS eeefOeke=le nQ~ 2006-07 kes oewjeve yeQke ves leerve
veS SkemeeWpe neGme Deewj meToer Dejye keer yeQke-yeQke Deue efyeueeo kes meeLe Heee
DeenjCe JeJemLee nsleg iepees[ efkeee nw~ yeQke ves Yeejle efmLele DeHeves ueeYeeefLe&eeW kes KeeleeW
ceW legjble Oevees<eCe kejves kes efueS Fbjves DeeOeeefjle mHeer[ jsefcesvme meefJe&me Yeer Meg keer nw~
OLTAS
veF& Henue
New Initiatives
eske ^vkesMeve eCeeueer
Cheque Truncation System
Yeejleere efj]peJe& yeQke eje efouueer ceW Meg keer peeves Jeeueer eske ^vkesMeve eCeeueer kes Heeeue
DeeOeej Hej keeee&vJeeve nsleg egves ieS n yeQkeeW ceW mes yeQke De]e@]He Fbef[ee Yeer Ske yeQke nw~
meesuej eefuele etHeerSme
efJeegle Yebie Deewj keceer mes Gyejves kes efueS yeQke DeHeveer Gve MeeKeeDeeW ceW peneB efJeegle
DeJejesOe/DeHeee&Hle DeeHetefle& nesleer nw, eenke mesJee ceW efvejblejlee yeveeS jKeves kes efueS meewj
Tpee& eefuele etHeerSme mLeeefHele kej jne nw~
Hegjmkeej
yeQke ves DeeF&er HenueeW kes efueS Je<e& kes oewjeve efvecveefueefKele Hegjmkeej eeHle efkeS nQ

DeeF&[erDeejyeerer mes metevee eCeeueer megj#ee veerefleeeW Deewj JeJenejeW kes efueS es
yeQke kee Hegjmkeej

DeeF&[erpeer (FbjvesMeveue [ee egHe) mes meerDeeF&Dees 100 Hegjmkeej

FbjvesMeveue keesj yeQeEkeie kes efueS SHeDeeF&DeeF&S 2007 DeJee[&

DeeF&yeerS mes es meceeMeesOeve Deewj efveHeeve eCeeueer kes efueS yeQeEkeie lekeveerkeer
Hegjmkeej
Bank of India is one of the six identified banks for pilot implementation
of Cheque Truncation System to be launched in Delhi by Reserve Bank of
India.
DeeF&SmeDees/DeeF&F&meer 27001 2005 eceeCeve
ISO/IEC 27001:2005 Certification
yeQke kees Je<e& kes oewjeve [ee meWj Deewj [erDeej kes efueS DeeF&SmeDees/DeeF&Fm& eer 270012005
eceeCeve eeHle ngDee nw~
Bank has been awarded ISO/IEC 27001:2005 Certification for its Data
Centre & DR Centre during the year.
keejesyeej eefeee Hegvemejevee
Business Process Re-engineering
Bank has enabled 515 branches effecting On-Line Tax Payments pertaining
to Direct Tax collection under On-Line Tax Accounting System (OLTAS).
Directorate General of Foreign Trade (DGFT)
Online filing of applications for importers and exporters with DGFT has
been enabled.
Centralised Hub
Centralised Global Processing Centre (GPC) has been set up at Singapore,
thereby networking all foreign branches.
Money Transfer Service of Western Union
Bank entered into tie-up arrangement with Karnataka Bank Ltd., for
offering Western Union Money Transfer Service at a number of branches.
The Service launched in May, 2006 is now being offered at 750 branches.
250 more branches would be added shortly. During the year 2006-2007,
2663 remittances amounting to Rs.654 lac were received at various
branches in the country.
Rupee Drawing Arrangement
Bank is having a tie-up arrangement with 14 exchange houses from Gulf
countries who are authorized to draw Rupee drafts on designated branches.
During the year 2006-07, bank has tied up with three new exchange Houses
and also with Bank Al Bilad from Saudi Arabia, for Rupee Drawing
Arrangement. Bank has also introduced internet-based Speed Remittance
Service for quick remittances to the beneficiaries accounts in India.
Solar Powered UPS

Bank is installing solar powered UPS Systems at branches located in areas
having power disruptions / inadequate supply so as to maintain continuity
in customer services.
AWARDS
Bank has received following awards during the year for its IT initiatives :
Best Bank award for Information System Security Policies and

Practices from IDRBT.
CIO 100 award from IDG (International Data Group).
FIIA 2007 Award for International Core Banking.
Banking Technology Award for Best Clearing and Settlement System

by IBA.
The Bank has been engaging the services of M/s Boston Consulting Group,
since the year 2004, in its quest to remain competitive and retain its leading
position in the ever-changing banking environment. The organization wide
project includes formulating Business Strategies to identify niche markets
yeQke Je<e& 2004 mes ces / yeesmve kevmeueeEie egHe keer mesJeeSb meoe yeoueles yeQeEkeie HeefjJesMe ceW
eefleeesieer yeves jnves Deewj DeeCeer mLeeve Hej Ke[s jnves keer Fe mes ues jne nw~ mebieve keer
efJemle=le Heefjeespevee ceW Meeefceue nw - kesverke=le Je=ef nsleg ecegKe yeepeejeW kees Heneevekej
33
keejesyeejer veerefleeeB yeveevee, ueeYeeolee ceW megOeej nsleg GlHeeo ueeYeeolee DeOeeve, keesj
yeQeEkeie meceeOeeve keer Meeqkele kees ye{eves kes efueS keejesyeej eefeee Hegvemejevee kejvee,
eCeeueer mes DevegHeeesieer lelJe efvekeeuekej mebieveelceke Hegvej&evee kejvee Deewj ``mej ieewjJe''
veece keer Heefjeespevee kes peefjS mebieve kees DeefOeke yeepeejesvcegKeer yeveevee~
for focused growth, Product profitability studies for improved profitability,

Business Process Reengineering to leverage the strengths of Core Banking
Solution, Organizational restructure to remove redundancies from the
system and to make the organization more market oriented. This holistic
and all encompassing project has been christened Star Gaurav.
Fme Heefjeespevee kee Henuee ejCe Hetje nesves kes meeLe ner yeQke ves GlHeeo ueeYeeolee DeOeeveeW
keer eefeee kees Deebleefjke mlej Hej Meg efkeee nw Deewj ueeYekeejer keejesyeejer FkeeFeeW kes
keee&efve<Heeove ceeHeve keer MegDeele kej oer nw~ efJekeeme, melele Hegvej&evee Deewj efJemle=le
eenke JeieeX keer efJeefJeOeerke=le ]pejleeW kees Hetje kejves kes efueS efJeefJeOe GlHeeoeW kee mecegVeeve,
Deye Ske efvejblej eefeee yeve ieF& nw~ GlHeeoeW kee esCeerkejCe kejves, Keemekej oselee
GlHeeoeW kees `ìeesu['' Deewj ``[eeceb['' ceW Ge JeieeX kes efueS efveMeguke mesJeeDeeW keer
ebKeuee eoeve kejves mes yeQke kees Ge nwefmeele Jeeues eenkeeW kees yeQke mes pees[s jKeves Deewj
Gvekeer efnmmesoejer ye{eves ceW ceoo efceueer nw~ megcesefuele efveefOe DeblejCe cetueefveOee&jCe lekeveerke
keer eefeee Meg kejves mes eyebOeve kees mener Deebke[eW Hej DeeOeeefjle peevekeejer kes efJekeuHe
efceueves ueies nQ efpememes Jen keee&veerefle Hej efJeeej kej mekes~
mebieveelceke Hegvemejevee ves ceneeyebOekeeW kes vesle=lJe ceW HeeBe ueeYekeejer keejesyeej FkeeF&eeB
Ke[er keer nQ Deewj es eenke JeieeX Hej DeeOeeefjle nQ~ Smeyeeret kes ecegKe e@He ueeFve Deewj
yee@ce ueeFve keer Je=ef kes efueS efpeccesoej nQ Deewj Gvekes DeHeves Smeyeeret kes efueS eenke
Depe&ve keee&eceeW kees yeveevee nw~ ye=nle keejHeesjs mecetn kes efueS mebHeke&kelee& eyebOeke nw
Deewj veee keejesyeej ueeves kes efueS GlHeeo eyebOeke nQ Deewj ye{leer ngF& Meguke DeeOeeefjle Deee
nw~ SmeSceF& kes efueS Smeyeeret Deewj Kegoje nsleg 1000 ueesieeW kee meMekele efyeeeroue yeepeej
ceW GHeueyOe nw~ Jeeqkeleiele Smeyeeret kes efueS He=Leke efyeeeroue nw pees Gvekes Jeie& keer ceeBieeW kes
DevegHe leweej efkeee ieee nw~ kesverke=le emebmkejCe Deewj SmeSceF& $eCe emleeJeeW kes MeerIe
efJemleejCe kes efueS cenlJeHetCe& kesveW Hej SmeSceF& ekees mLeeefHele efkeS ieS nQ~ mecetn
DeeOeeefjle $eCe eespeveeDeeW Deewj megOeejerke=le vekeoer eyebOeve mesJeeDeeW kees Yeer yeepeej pejleeW
kes DevegHe {euee pee jne nw~
ogkeeveeW mes Kegoje $eCeeW kees Deefpe&le kejves nsleg mJeerke=efleeeW ceW MeerIelee ueeves kes efueS osMe kes
16 ye[s MenjeW ceW efjsue nye Meg efkeS ieS nQ~ Fve nyeeW mes mecye efyeeer oue eenke keer
megefJeOee Jeeues mLeeve Deewj mecee Hej meYeer DeewHeeeefjkeleeSb Hetjer kejles nQ~ Fmemes egJee Heer{er
kees Deekeef<e&le kejves ceW nceW meneelee efceueer nw~ yeQke ves DeHeves efyeeer oue kees eyebefOele kejves
Deewj efoMeeefveoxefMele kejves nsleg efJemle=le eCeeueer efJekeefmele keer nw Deewj Fmekeer GlHeeokelee
kees Deewj Yeer ye{eves kes efueS JeeHeke vesle=lJe eyebOeve eCeeueer Deeves Jeeueer nw~ efyeeer oue kes
eeemeeW kees meceefLe&le kejves kes efueS Deewj Ge nwefmeele Jeeues eenkeeW keer ]pejleeW kees Hetje
kejves kes efueS ``[eeceb[ kemcej'' ueeGbpe yeveeS pee jns nQ Deewj meYeer ye[er MeeKeeDeeW ceW
mecHekeea eyebOeke jKes pee jns nQ~
meceHelee Deewj MeerIelee mes Hetjs mebieve ceW HeefjJele&ve ueeves kes efueS ``keese'' keer JeJemLee
yeveekej Meg keer ieF& nw~ Fme JeJemLee ceW keg Des DeefOekeeefjeeW kees efyeeer, mesJee Deewj
Kegoje kee keee&mLeueere ienve eefMe#eCe efoee ieee nw~ en HeefjJele&ve SpeW Deye ve kesJeue
efJeefJeOe kesveW Hej HenueeW kee keeee&vJeeve kej jns nQ yeefuke meneelee osles ngS Jes osMe keer
Deve MeeKeeDeeW Deewj ye{les kesveW kes vesJeke& kees mebYeeueves kes efueS keese kee Deieuee mes
leweej kej jns nQ~
keesj yeQeEkeie meceeOeeve kees Meeqkele mecHeVe kejves mes eefeee o#elee megOeejves, efJeefYeVe yewke
Dee@efHeme keee&keueeHeeW kee kesverkejCe 37 cegKe kesveW Hej Meg efkeee ieee nw~ Fme
Henue mes 5-7% leke keer ceeveJeMeeqkele yeeer nw efpevnW efyeeer/efJeHeCeve kes keee& ceW ueieeee
ieee nw~ efHeueneue ueieYeie 80% yewke Dee@efHeme keee&keueeHe Henues ner kesverke=le nes
egkee nw~
Deeies ye{kej Deeeespevee eefeee Deewj ceeveJe mebmeeOeve eyebOeve Hej efJeeej kejvee efkemeer Yeer
HeefjJele&ve keee&ece kee ecegKe eEyeog nw~ yeQke ves ``mej ieewjJe'' Heefjeespevee ceW Fve oesveeW
eefeeeDeeW kees efceueeee nw~ mecHetCe& Deeeespevee eefeee kees ef$eDeeeeceer yeveeves nsleg efHej mes
With the first phase of the project over, the Bank has internalized the process
of product profitability studies, and performance measurement of Strategic
Business Units has commenced. Continuous redesign of various products
to fill the differentiated needs of a wide array of customer segments is
now an ongoing exercise. The tierisation of products, especially liability
products into Gold and Diamond offering a range of complimentary
services to higher segments has helped us in retaining and growing our
share of high networth individuals. Institutionalization of the process of
Matched Fund Transfer Pricing technique has helped the Management to
make informed choices.
The Organizational Restructuring has given rise to SBUs. They are
headed by General Managers and are based on customer segmentation
and have the responsibility of top-line and bottom-line growth. They
also have to formulate customer acquisition programmes for their
respective SBUs. Large Corporate Group backed by Relationship
Managers and Product Managers is busy in originating fresh business
and increasing fee based income. A 1000 strong feet on street sales
force supports the SBUs of SME and Retail. SME cells have been
established at important centres for centralized processing and faster
disposal. Cluster based credit schemes and improved cash management
system are ready to be rolled out
For acquisition of Retail Loans from point of sale, defined turnaround
time for faster sanctions, Retail Hubs have been started in 16 major cities
of the country. The sales team attached to these hubs completes all the
formalities at the place and time of customers convenience. This initiative
has helped us to attract younger generation. The bank has also put in place
an elaborate system for managing and directing its sales force and to
improve its productivity further a comprehensive lead management system
is on the anvil. To support the efforts of the sales force and for catering to
the needs of high net worth individuals Diamond Customer lounges are
being prepared and Relationship Managers being placed at all the major
branches.
To make the change organization wide, uniformly and swiftly, a system of
Coaches has been conceptualized and operationalized by choosing some
of the best officers and giving them extensive on the job training under the
three initiatives of sales, service and Retail. These change agents are
implementing the initiatives at different centers and simultaneously
handholding and preparing the next set of coaches to cover an increasing
net work of centers and branches.
To improve process efficiencies by leveraging Core Banking Solution,
centralization of various back office activities has been undertaken at 37
major centres. We have been able to save manpower to the tune of 5-7%
due to centralization and it has been redeployed in customer facing
activities. Presently roughly 80% of the back office activities have already
been centralized.
Going forward and considering that planning process and HR management
is pivotal to any change programme, the Bank, under Project Star Gaurav,
is fine-tuning both these processes. The entire planning process is being
34
efJeeej efkeee pee jne nw Deewj yeepeej Yeeie Hej peeoe peesj efoee ieee nw~ ceeveJe mebmeeOeve
ceW Ske Jemlegefve keee&efve<Heeove eyebOeve eCeeueer ueeves nsleg efJeMes<e Oeeve efoee ieee nw Deewj
meblegefuele mkeesj kee[& kee efJeeej ueeee pee jne nw leeefke Jeeqkele Deewj mebmLee keer DeefYeuee<eeSb
meceHeer neskej meceeve nes mekeW~
revisited to make it a 3-D exercise, with more emphasis on increasing the

market share and by being alive to the catchment area of the operational unit.
In HR, special care is being devoted to put in place an objective performance
management system and bringing in the concept of balanced scorecard so
as to equate and match the aspirations of the organization and the individual.
ceeveJe mebmeeOeve efJekeeme

yeQke ceeveJe mebmeeOeve efJekeeme Hej DeleeefOeke yeue oslee jne nw~ yeQke eje Fme nsleg keF&
veF& HenueW keer ieF& nQ~ yeQke keer ceeveJe mebmeeOeve veerefle kee Heeskeme Fve yeeleeW Hej jne nw
efke %eeveJeeve eyebOeve nes, efveHegCelee ceW Je=ef nes, esjCeeoeeer jCeveerefleeeB neW Deewj Ssmes
meebmke=efleke yeoueeJe neW efpememes meHe meome efvejvlej yeoueles eeflemHeOee&lceke JeeleeJejCe
kes efueS leweej neW~
HUMAN RESOURCES DEVELOPMENT
Je<e& kes oewjeve, yeQke kes eefMe#eCe ceneefJeeeueeeW ceW efJeefYeVe Deble eefMe#eCe keee&ece Deeeesepf ele
efkees ieS efpevekee ue#e kece&eeefjeeW kes %eeve Deewj efveHegCelee kes mlejeW kees ye{evee Lee~ Fme
eeespeve kees eeHle kejves kes efveefcee DeJeefmLeefle DeeOeej Hej Deebeefueke kesveW Hej Deveske
DeuHeeJeefOe kewHemetue keee&MeeueeSb eejbYe keer ieeeR Deewj Deeeesefpele keer ieeeR~ keesj yeQeEkeie
meesuetMeve (meeryeerSme) ceW nceejer MeeKeeDeeW kes menpe eJemeve kes efueS meHe meomeeW nsleg
Deveskeeveske keee&ece pewmes jesue-DeesJej ^seEveie Deewj Debeflece GHeeeskelee eefMe#eCe mebeeefuele
efkeS ieS~ meeryeerSme kes efueS eefMeef#ele efkeS ieS meHe meomeeW keer kegue mebKee 7146 nw~
Fmekes DeueeJee, yeenjer eefleefle mebmLeeveeW pewmes SSmemeerDeeF& nwojeyeeo Deewj yeQkeme& ^seEveie
kee@uespe cegbyeF& ceW efJeMes<e He mes yeveees ieS keg Fve kebHeveer ^seEveie keee&ece Yeer Deeeesefpele
efkeS ieS~ mecee He mes, 25487 kece&eeefjeeW kees yeQke ves DeHeves Kego kes ceneefJeeeueeeW ceW
eefMe#eCe eoeve efkeee~ 7627 kece&eeefjeeW ves kewHemetue keee&MeeueeDeeW ceW mLeeveere eefMe#eCe
kesveW ceW eefMe#eCe eeHle efkeee Deewj Deve 448 kece&eeefjeeW ves yeenjer mebmLeeveeW eje mebeeefuele
efkeS ieS keee&eceeW ceW meeqcceefuele neskej Gvekee ueeYe Geee~ 6 DeefOekeeefjeeW kees efJeosMe
ceW mesefceveejeW Deewj keee&MeeueeDeeW ceW Yeeie uesves kes efueS eefleefveegkele efkeee ieee~
etBefke DeefYeesjCee ceeveJe mebmeeOeve efJekeeme kee DeefYeVe efnmmee nw, FmeefueS yeQke ves Deveske
meHe meomeeW kes Glke= keee&efve<Heeove kees GHeegkele He mes ceevelee eoeve keer~ yeQke ves
yeQke kes keejesyeej kes ue#eeW kees eeHle kejves JeeueeW kees ceevelee osves kes efueS eeslmeenve
eespevee Yeer eejbYe keer nw~ Deveske meHe meomeeW kees Fme eespevee kes lenle Gvekes Glke=
keee&efve<Heeove kes efueS ceevelee oer ieeer~ Fme eespevee kes lenle, ue#e eeHlekelee&DeeW kees
eeslmeeefnle kejves kes DeueeJee, Fme GHeee mes en Yeer DeHes#ee nw efke en Deve kece&eeefjeeW kees
DeHeveer keee&#eceleeSb ye{eves kes efueS Yeer esefjle kejsiee~
During the year, various in-house training programmes aimed at upgrading

the knowledge and skill levels of employees were conducted at Banks
training colleges. A number of short duration capsule workshops were
introduced and conducted on locational basis at Zonal Centres towards
achieving this objective. For the smooth migration of our Branches to
Core Banking Solution (CBS) numerous programmes like Roll-over
Training and End Users Training were conducted for staff members. In
all, 7,146 staff members have been trained to meet CBS requirements.
The Bank has continued to lay great emphasis on Human Resources

Development. A number of initiatives have been undertaken by the Bank.
The focus of HR Policy of the Bank has been to facilitate knowledge
management, skill enhancement, motivational strategies and cultural
change to equip staff members for the ever changing competitive
environment.
Besides, a few specially designed in-company training programmes were

arranged at institutions of repute like ASCI, Hyderabad and Bankers
Training College, Mumbai. In all 25,487 employees were imparted training
at Banks own Colleges, 7,627 were recipients of locational learning in
capsule workshops and another 448 had the benefit of attending the
programmes conducted by outside institutions. Besides, 6 Officers were
deputed abroad for seminars and workshops.
As motivation is an integral part of human resources development, Bank
suitably recognised the outstanding performance of a number of staff
members. Bank has also put in place an incentive scheme to recognise
individual performers and teams achieving Banks business goals.
Numerous staff members were recognised for their outstanding
performance under this scheme. Apart from enthusing the achievers, this
initiative is expected to have a beneficial demonstrative effect on others
in enhancing their competitiveness and performance levels.
To encourage staff members to enrich their knowledge base, the Bank has
introduced incentive to encourage participation in management courses,
computer courses, various certificate and diploma examinations conducted
by the Indian Institute of Banking and Finance (IIBF), Mumbai,
programmes for learning foreign languages, National Certification in
Financial Market Examination by National Stock Exchange (9 Modules),
Diploma in Training & Development, Certified Information Systems
Auditor Examination (CISA), Post Graduate Diploma in Securities Law
and Diploma in Cyber Law. A loan-cum-incentive scheme for our
Managers has also been formulated for participating in Advanced
Management Programme (AMP) conducted by IIBF.
meHe meomeeW kees DeHeves %eeve ceW Je=ef kejves kes efueS eeslmeeefnle kejves kes Jeemles eyebOeve
HeeeeceeW, kecHetj HeeeeceeW, Yeejleere yeQeEkeie SJeb efJeeere mebmLeeve (DeeF&DeeF&yeerSHe)
cegbyeF& eje mebeeefuele efJeefYeVe eceeCeHe$e SJeb ef[Hueescee Hejer#eeDeeW, efJeosMeer Yee<eeSb meerKeves kes
keee&eceeW, jeêre me@ke SkemeeWpe eje efJeeere yeepeej Hejer#ee ceW jeêre eceeCeve (9
cees[etume), eefMe#eCe Deewj efJekeeme ceW ef[Hueescee, eceeefCele metevee eCeeueer uesKee Hejer#eke
Hejer#ee (meerDeeF&SmeS) eefleYetefle efJeefOe ceW mveelekeesej ef[Hueescee Deewj meeFyej efJeefOe ceW ef[Hueescee
ceW menYeeefielee kees ye{eJee osves kes efueS yeQke ves eeslmeenve eespevee DeejbYe keer nw~ DeeF&DeeF&yeerSHe
eje mebeeefuele GVele eyebOeve keee&ece (SSceHeer) ceW nceejs eyebOekeeW keer menYeeefielee kes efueS
$eCe men eeslmeenve eespevee yeveeeer ieeer nw~
yeQke keer ie=nHeef$ekee `leejebieCe' kees Yeejleere efj]peJe& yeQke eje Deeeesefpele èfYee<eer ie=nHeef$ekee
eefleeesefielee' ceW Hegjmkeej eoeve efkeee ieee~ Gmekes DeueeJee, SmeesefmeesMeve Dee@He efyepevesme
kecetefvekesme& Dee@He Fbef[ee, cegbyeF& eje Yeer Heeses Heereme& eJeie& ceW Hegjmkeej eoeve efkeee ieee~
Banks house journal Taarangan has been awarded a prize in Bilingual

House Journals Competition by Reserve Bank of India and also a Prize
in Photo Features category by the Association of Business Communicators
of India, Mumbai.
Deej#eCe veerefle kee DevegHeeueve

yeQke Yeejle mejkeej keer Deej#eCe veerefle kee DevegHeeueve kej jne nw~ Deej#eCe veerefle kes
keeee&vJeeve Deewj Smemeer/Smeer/Deesyeermeer kece&eeefjeeW mes mecye efMekeeeleeW kes efveJeejCe
Compliance with Reservation Policy

The Bank is complying with the reservation policy of the Government
of India. Special Recruitment and SC/ST Cells at Head Office / Zonal
35
kees cee@veerj kejves kes efueS eOeeve keeee&uee/Deebeefueke keeee&ueeeW ceW efJeMes<e Yeleea Deewj
Smemeer/Smeer ke#e keee&Meerue nQ~
Devegmetefele peeefle Deewj Devegmetefele pevepeeefle kes GcceeroJeejeW/meHe kees efueefHekeere mebJeie& mes
meeceeve yeQeEkeie DeefOekeejer mebJeie& ceW Deewj Jesleveceeve I mes Jesleveceeve II ceW HeoesVeefleeeW kes
efueS Yeleea HetJe& eefMe#eCe Deewj HeoesVeefle HetJe& eefMe#eCe efoee peelee nw~ Je<e& 2006-07 kes
oewjeve Devegmetefele peeefle/Devegmetefele pevepeeefle kes kece&eeefjeeW kees efoS ieS HeoesVeefle HetJe&
eefMe#eCe kes yeewjs efvecveevegmeej nQ
Offices are functioning to monitor the implementation of the reservation

policy and redressal of grievances relating to SC/ST/OBC Employees.
Pre-Recruitment Training and Pre-Promotion Training from clerical cadre
to General Banking Officers cadre and from Scale-I to Scale-II promotions
are imparted to SC/ST candidates / staff. Details of such pre-promotion
trainings imparted to SC/ST employees during the year, 2006-07 are as
under:
e. mebJeie&
mebeeefuele keee&eceeW keee&ece kece&eeefjeeW keer mebKee
meb.
keer mebKee keer DeJeefOe
Smemeer Smeer
1. DeefOekeejer
meHe
10
6 efoJeme
513
161
2. efueefHekeere
meHe
3. DeOeervemLe meHe
-
Sr.
Cadre
No. of Programmes Duration of No. of Employees
No.
1.
2.
3.
yeQke ves eOeeve keeee&uee ceW eceMe Deve efHe[er peeefleeeW Deewj Devegmetefele peeefleeeW/
Devegmetefele pevepeeefleeeW kes efueS cegKe mebHeke& DeefOekeejer kes He ceW oes ceneeyebOekeeW kees
veeefcele efkeee nw~ De.pee./Deveg.pe.pee./De.efHe.pee. eJeieeX mes mebyebefOele DeefOekeejer Deebeefueke
keeee&ueeeW ceW mebHeke& DeefOekeejer/ke#e DeefOekeejer kes He ceW veeefcele nQ~ mejkeej kes efoMeeefveoxMeeW
Devegmeej Heo DeeOeeefjle Deej#eCe jesmj eOeeve keeee&uee/Deebeefueke keeee&uee ceW Devegjef#ele
efkeS peeles nQ Deewj Gvekee Jeeef<e&ke He mes efvejer#eCe efkeee peelee nw~ eOeeve keeee&uee Deewj
Deebeefueke keeee&ueeeW ceW mLeeefHele efkeS ieS Devegmetefele peeefle/Devegmetefele pevepeeefle ke#e
YetleHetJe& mewefveke/Meejerefjke He mes efJekeueebie JeeqkeleeeW Fleeefo pewmes Deve eJeieeX kes yeejs ceW
Deej#eCeeW kes keeee&vJeeve mes Yeer mecye nw~
meHe kee eJeie&Jeej yeewje efvecveevegmeej nw
conducted Programme
SC
ST
Officers
staff
10
6 Days
513
161
Clerical
Staff
Sub-staff
The Bank has designated two General Managers as Chief Liaison

Officers for OBCs and SCs/STs respectively at Head Office.
Officers belonging to SC/ST/OBC categories are designated as
Liaison Officers / Cell Officers at Zonal Offices. In terms of
Government guidelines, Post-based Reservation Rosters maintained
at Head Office/ Zonal Offices are inspected annually. SC/ST Cells
established at Head Office and Zonal Offices are also associated
with implementation of reservations in respect of other categories
like Ex-servicemen / Persons With Disability etc.
Category-wise break-up of staff is as under :
ceee& March 2006
ceee& March 2007
Total No. of Employees
42206
41511
Officers
13119
14792
Clerks
19620
17818
9467
8901
41808
41103
In Overseas Offices
398
408
Women Employees
6517
6290
% to Total
15.44
15.30
Handicapped
636
629
% to Total
1.50
1.53
eJeie&
kegue kece&eeefjeeW keer mebKee
DeefOekeejer
efueefHeke
DeOeervemLe meHe
Yeejleere keeee&ueeeW ceW
efJeosMe efmLele keeee&ueeeW ceW
ceefnuee kece&eejer
kegue keer leguevee ceW %
efJekeueebie
kegue keer leguevee ceW %
Category
ceee& 2007
Devegmetefele peeefle
Yeejleere MeeKeeDeeW ceW kegue meHe kee %
Devegmetefele pevepeeefle
Deve efHe[er peeefleeeB
March-2007
Sub-staff
In Indian Offices
DeefOekeejer
efueefHeke
DeOeervemLe meHe
kegue
Officers
Clerks
Sub-Staff
Total
SC
2621
2555
3241
8417
% to total staff in Indian brs.
17.97
14.48
36.48
20.47
ST
1093
1015
864
2972
% to total staff in Indian brs.
7.49
5.75
9.73
7.23
OBC
267
523
549
1339
% of total staff in Indian brs.
1.83
2.96
6.18
3.25
36
efvejer#eCe SJeb uesKee Hejer#ee

eyebOeve kes Heeme efvejer#eCe SJeb uesKee Hejer#ee Ske Ssmee cenlJeHetCe& GHeee nw pees en megefveefele
kejlee nw efke yeQke eje efveOee&efjle keer ieeer eCeeefueeeB Deewj eefeeeSb meYeer MeeKeeDeeW/
efveeb$eke keeee&ueeeW eje Hetjer iebYeerjlee kes meeLe efeeeeqvJele keer peeleer nw~ en yeQke ceW
Deebleefjke efveeb$eCe leb$e keer eYeeJeMeeruelee kee cetueebkeve kejves ceW Yeer efJeefYeVe mlejeW Hej
eyebOeve keer meneelee kejlee nw~ uesKee Hejer#ee efjHees& eCeeueeriele keefceeeW kees erke kejves
keer keej&JeeF& eejbYe kejves kes efueS MeeKee ceW keee& kejves JeeueeW Deewj efveeb$ekeeW keer HejsKee
(yuet efeb) nw~ yeQke ceW yengle ner megmLeeefHele Deebleefjke efveeb$eCe leb$e nw~
Yeejleere efjpeJe& yeQke kes efoMeeefveoxMeeW kee DevegHeeueve
yesefmeue II ceeveob[eW kes lenle peesefKece DeeOeeefjle Hee&Jes#eCe ceW peeves kes efueS Yeejleere efj]peJe&
yeQke kes cegleeefyeke eOeeve keeee&uee ceW DevegHeeueve FkeeF& mLeeefHele keer ieeer~ Yeejleere efjpeJe&
yeQke Deewj Yeejle mejkeej mes eeHle nes jns efJeefYeVe efoMeeefveoxMeeW kee keeee&vJeeve cee@veerj
kejves kes efueS Ske ceneeyebOeke kees yeQke kes DevegHeeueve DeefOekeejer kes He ceW veeefcele efkeee
ieee nw~ en FkeeF& efleceener DeeOeej Hej efveosMeke ceb[ue kees efjHees& kej jner nw~ eCeeueeriele
efkeesCe kee, DevegHeeueve keer eefeee ceW Heeueve efkeee pee jne nw~
DevegHeeueve FkeeF& Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej yees[& kees Deewj Gmekeer
efJeefYeVe meefceefleeeW kees efJeefYeVe kewuesv[j efjJet ceoeW kes emlegleerkejCe keer Yeer efveiejeveer kej
jner nw~ 31.03.2007 kees Ssmeer efkemeer meceer#ee ceo (efjJet DeeFce) kes emlegleerkejCe keer
keesF& Deefleose efmLeefle veneR LeeR~
meleke&lee
yeQke keer meleke&lee ceMeervejer kes ecegKe, efJee ceb$eeuee leLee kesvere meleke&lee Deeeesie keer
menceefle mes efveegkele efkeS iees, ceneeyebOeke mlej kes cegKe meleke&lee DeefOekeejer nw~ efpevnW
DevJes<eCe leLee DevegMeemeveelceke keej&JeeF& kes ceeceues, meeLe ner meeLe yeQeEkeie kes %eele/
He=Yetefce Jeeues DeefOekeeefjeeW eje meYeer meleke&lee ceeceueeW ceW DevegMeeefveke eeefOekeeefjeeW/
efveeb$eCe eeefOekeeefjeeW kees meueen osves kes efueS meneelee eoeve keer peeleer nw~
eenke mesJee
mesJee Geesie kee Ske Yeeie SJeb Debie nesves kes keejCe yeQke ves DeHeves meYeer HeefjeeueveeW ceW eenke
mesJee kees meowJe meyemes THej jKee nw~ eenkeeW keer DeHes#eeDeeW kees Hetje kejves kes efueS yeQke
GlHeeo leLee mesJee oesveeW ceW keF& Henue kej jne nw~ Fmekes DeueeJee veF& Heer{er kes yeQkeeW mes
eeflemHeOee& kes meeLe-meeLe DeeOegefveke meceepe keer meoe ye{leer pejleeW kees Hetje kejves kes efueS
veF& eeweesefiekeer eesielee Jeeues GlHeeo eejbYe kej jne nw~ yeQke keer HejbHeje kees Oeeve ceW jKeles
ngS Je<e& kes oewjeve yeQke kes efJe<eeevegketue veeje `èfjMleeW keer pecee HetBpeer'' mJeerke=le efkeee
ieee nw efpemeves ncesMee eenke mesJee kees kesv ceW jKekej eenkeeW mes mecyeb jKee nw~
INSPECTION & AUDIT

Inspection and Audit is an important tool in the hands of the Management
to ensure that the systems and procedures laid down by the Bank are
implemented in right earnest by all the branches / controlling offices. It
also helps the Management at various levels in evaluating the effectiveness
of the Internal Control Mechanism in the Bank. The audit report is a blue
print to the branch functionaries and controllers for initiation of actions
for correction of systemic deficiencies. Bank is having a well established
internal control mechanism.
Compliance with Reserve Bank of India Guidelines
Compliance Unit was established at Head Office as per Reserve Bank of
India Guidelines in switching over to Risk Based Supervision under Basel
II norms. A General Manager has been designated as Compliance Officer
of the Bank to monitor the implementation of various guidelines being
received from Reserve Bank of India and Government of India. The Unit
is reporting to the Board of Directors on quarterly basis. Systematic
approach is being followed in the process of compliance.
Compliance Unit is also monitoring the submission of various calendar
Review items to the Board and its various Committees as per Reserve
Bank of India guidelines. There was no overdue position for submission
of such Review items as on 31.03.2007.
Vigilance
The Vigilance machinery of the Bank is headed by the Chief Vigilance
Officer of the rank of General Manager appointed with the concurrence of
the Ministry of Finance and Central Vigilance Commission. He is assisted
by Officers having knowledge/background of investigation and disciplinary
action matters as well as banking, for tendering advice to Disciplinary
Authorities/Controlling Authorities in all vigilance cases.
CUSTOMER SERVICE
Being a part and parcel of service industry, bank has always kept customer
service upper-most in all its operations. Bank has been taking number of
initiatives to meet customer expectations, both in products and services,
besides initiating new tech savy products to meet the evergrowing needs
of modern society, as well as competition from new generation banks. In
fitness of things, bank has adopted the slogan Relationships beyond
Banking during the year in keeping with the rich traditions of the bank,
which has always held Customer care at the centre of its professional
relationship with its customers.
eenke mesJee keer DeHeveer eefleyelee meg{ kejves kes efueS nceeje yeQke mJeweqke He mes
Yeejleere yeQeEkeie mebefnlee Deewj ceeveke yees[& (yeermeerSmeyeerDeeF&) kee meome yeve ieee nw pees efke
efveiejeveer leLee en megefveefele kejves kes efueS efke yeQke eje DeefYemJeerke=le efkeS ieS mesJee
ceevekeeW kee mesJee eoeve kejles mecee mener DeLeeX ceW DevegHeeueve nes jne nw, Ske mJeleb$e Deewj
mJeeee enjer nw~ efJeefYeVe mlejeW Hej mebefnlee DevegHeeueve DeefOekeejer efveegkele efkeS ieeW nQ leLee
eenkeeW kes efueS MeeKeeDeeW ceW mebefnlee GHeueyOe kejeF& ieF& nw leLee yeQke keer JesyemeeF Hej Yeer
eoefMe&le keer ieeer nw~ mesJee kee ceevekeerkejCe kejves kes efueS Yeejleere yeQke mebIe eje
Devegceesefole cemeewos kes Devegmeej yeQke Yeer efJeefYeVe veerefleeeB pewmes efke, eske Jemetueer veerefle,
efMekeeele efveJeejCe veerefle, #eefleHetefle& veerefle leLee ose jeefMeeeW keer Jemetueer Deewj eefleYetefle efHej
mes Heeves keer veerefle kees DeHeveeves keer eefeee ceW nw~
To re-affirm our commitment to Customer Service, our Bank has become

a voluntary member of the Banking Codes and Standards Board of India
(BCSBI), which is an independent and autonomous watchdog to monitor
and ensure that service standards adopted by the Bank are adhered to in
the true spirit, while delivering services. Code Compliance officers at
various levels have been appointed and code made available to customers
at branches and displayed on Banks website. Bank is also in the process
of adopting various policies i.e. cheques collection policy, grievances
redressal policy, compensation policy and collection of dues and
repossession of security policy as per drafts approved by Indian Bank
Association to bring about standardisation of services.
Setting up of Customer Committee of Directors
efveosMekeeW keer eenke meefceefle kee ieve
A Customer Service Committee at Board level was set up, consisting of

the Chairman and Managing Director, the Executive Director and three
Directors, including RBI Nominee Director. Besides looking into the
yees[& mlej Hej eenke mesJee meefceefle keer mLeeHevee keer ieF& Leer efpemeceW DeOe#e SJeb eyebOe
efveosMeke, keee&Heeueke efveosMeke Deewj leerve efveosMeke, Yeejleere efj]peJe& yeQke kes veeefcele
37
efveosMeke meefnle nQ~ mLeeeer meefceefle meefnle efJeefYeVe eenke mesJee meefceefleeeW kes efve<ke<eeX Hej
Oeeve osves kes DeueeJee en meefceefle mesJee ceW megOeej nsleg efoMeeefveoxMe, cenlJeHetCe& megPeeJe pewmes
efke iegCeJeee ke#eeW kee ieve eoeve kejleer nw ~
findings of various Customer Service Committees including the Standing

Committee, it provides guidance for improvement of service with valuable
suggestions, such as formation of Quality Cell, etc.
eenke mesJee Hej mLeeeer meefceefle
Standing Committee on Customer Service
Yeejleere efj]peJe& yeQke kes DevegosMeeW kes Devegmeej nceejs yeQke ves eenke mesJee mLeeeer meefceefle
ieefle keer nw~ mLeeeer meefceefle kes meomeeW ceW DeOe#e SJeb eyebOe efveosMeke, keee&Heeueke
efveosMeke, 4 ceneeyebOeke Deewj iewj mejkeejer meome meeqcceefuele nQ~ leerve iewj mejkeejer
meome DeHeves megPeeJeeW mes eenke mesJee keer mLeeeer meefceefle keer ceevelee ye{eles nQ~ eenke
mesJee keer mLeeeer meefceefle ceW cegKe He mes eenke efMekeeele-efJeMues<eCe, ueeskeHeeue DeJee[&,
Yeejleere efj]peJe& yeQke kes DeefOekeeefjeeW eje iegHle He mes MeeKeeDeeW kee oewje, yeQke eje
eejbYe efkees ieS vees GlHeeo/mesJeeSb Deeefo Hej efJeeej-efJeceMe& neslee nw~ eenke mesJee ceW
megOeej ueeves kes efueS eenke mesJee keer mLeeeer meefceefle mevoYee&Oeerve Je<e& kes oewjeve leerve yeej
efceueer~
In terms of RBI instructions, Standing Committee on Customer Service

has been formed in our Bank. The members of the Standing Committee
include the Chairman & Managing Director, Executive Director, 4 General
Managers and non official members. Three non official members add value
to the Standing Committee on Customer Service with their suggestions.
The deliberations in the meetings of the Standing Committee on Customer
Service are mainly on customer complaints-analysis, Ombudsman Awards,
Incognito visits to branches by RBI officials, new products / services and
modifications introduced by the bank, etc. During the year under reference,
the Standing Committee on Customer Service met thrice to bring about
improvement in Customer Service.
iegCeJeee veerefle
DeHeves eenkeeW Deewj mebj#ekeeW kees Glke=, JeJenee&, veJeesvces<e DeleeOegefveke yeQeEkeie lelHejlee
Deewj Meeueervelee HetJe&ke efoee peevee, megefveefele kejves kes efueS yeQke ves iegCeJeee veerefle kees
DeHeveeee nw ~
yesnlej Deewj lJeefjle mesJee kes GsMe kees Oeeve ceW jKeles ngS, eefeee Deewj keee& eCeeueer ceW
megOeej ueeves kes efueS yeQke efJeefYeVe mlejeW Hej `ìegCeJeee megOeej ke#eeW'' kes ieve keer eefeee
ceW mecee He mes megOeej ueevee eenlee nw~
Quality Policy
DeHeves eenke kees peeefveS (kesJeeF&meer) ceeveob[
Know Your Customer (KYC) norms
Yeejleere yeQke mebIe ves DeHeves eenke kees peeefveS ceeveob[ Hej Ske cee@[ue veerefle leweej keer
nw~ nceejs yeQke ves efoveebke 24.05.2005 kees en veerefle DeHeveeF& nw ~ Fme veerefle kes
Debleie&le MeeKeeSb mecegefele He mes eenkeeW keer Heneeve ee lees Jele&ceeve eenke eje efoS
iees omleeJespeeW kes DeeOeej Hej kej mekeleer nQ ~ efJeeere mecetnve kes efJe<ee ceW nceejs
yeQke ves Yeejleere efj]peJe& yeQke kes DevegosMeeW kes Devegmeej eenkeeW kes DeuHe megefJeOee eeHle
Jeie& kes Keeles Keesueves kes efueS Yeer `DeHeves eenkeeW kees peeefveS' Deemeeve ceeveob[ ueeiet
efkeS nw~
Indian Banks Association framed a model policy on the Know Your

Customer norms which was adopted by the bank on 24.05.2005. Under
this policy, branches are required to properly identify all customers either
by an introductory reference from an existing account holder or on the
basis of the documents provided by the customer. Regarding Financial
Inclusion, simplified KYC norms for opening accounts of
underprivileged class of customers have also been introduced by the
bank as per RBIs directives.
Oeve MeesOeve efveJeejCe GHeee
Anti Money Laundering Measures
Oeve MeesOeve efveJeejCe nsleg Deewj Oeve MeesOeve mes eeHle ee Meeefceue mebHeefe kees peyle kes eyebOe kes
efueS leLee Gmemes mebyebefOele ceeceueeW kes efueS mebmeo eje Oeve MeesOeve DeefOeefveece, 2002 ueeiet
efkeee ieee ~
The Prevention of Money Laundering Act, 2002 was enacted by the

Parliament to prevent Money Laundering and to provide for confiscation
of property derived from or involved in Money Laundering and for matters
concerned there with.
Bank has adopted the Quality Policy to ensure superior, pro-active,

innovative and state of the art, Banking Services with an attitude of care
and concern for customers and patrons.
To bring about overall improvement, bank is in the process of setting up
Quality Improvement Cells at different levels for improving processes
and procedures aiming at better and speedier services.
Yeejle mejkeej ves Yeejleere efj]peJe& yeQke kes HejeceMe& mes Oeve MeesOeve efveJeejCe efveeceeJeueer
The Govt. of India in consultation with the RBI has framed the Prevention
of Money Laundering Rules 2005 and published in the Gazette Notification
No.9/2005/F.No.6/2/2004. E.S. dt.1st July 2005. The rules are applicable
to the Banking companies, Financial Institutions and Intermediaries for
implementation of the said Act.
2005 leweej keer Deewj iepe ceW efoveebke 1 pegueeF& 2005 kees DeefOemetevee meb. 9/2005 SHe
veb. 6/2/2004 F. Sme. ekeeefMele keer~ keefLele DeefOeefveece kes keeee&vJeeve kes efueS en
efveeceeJeueer yeQeEkeie kebHeefveeeW, efJeeere mebmLeeveeW Deewj ceOeJeleea mebmLeeveeW kees ueeiet nw ~
DeefOeefveece ceW yeQkeeW mes en DeHesef#ele nw efke Jes eOeeve DeefOekeejer keer efveegeqkele kejW, eenkeeW
keer Heneeve kee meleeHeve kejW, efjkee[& jKeW leLee metevee emlegle kejW, efJeeere metevee FkeeF&
kees efjHeesx emlegle kejves kes efueS yeQke ves eOeeve keeee&uee ceW Oeve MeesOeve efveJeejCe ke#e keer
mLeeHevee Yeer keer nw~ efoMeeefveoxMeeW kes keeee&vJeeve kes efueS DeHes#eeDeeW kes Heeueve nsleg DeeJeMeke
eeweesefiekeer Henue Yeer keer ieF& nw~
SHeDeeFet - DeeF&Sve[er eje efoS ieS megPeeJe kes Devegmeej yeQke ves meeryeerSme MeeKeeDeeW kes
efueS Deewue 2006 mes Fueskeêefveke Heecex ceW jeske[ uesve-osve mes mebyebefOele efjHeesX emlegle
kejvee eejbYe kej efoee nw~ ceee&, 2007 leke keer es efjHeesX emlegle kej oer ieF& nw ~
The Act requires banks to appoint principal officer, verify identity of clients,
maintain records and submit information. For submitting the reports to
Financial Intelligence Unit - India, the bank has formed an Anti Money
Laundering Cell at Head office. Necessary technology initiatives have been
taken to comply with the requirements for implementing the guidelines.
As suggested by FIU IND, Bank has started submission of Cash
Transaction Reports (CTRs) from April 2006 for CBS branches and of
Non CBS branches. Such Reports are submitted up to March, 2007.
38
megyen 8.00 yepes mes meeeb 8.00 yepes leke yeQeEkeie
8 a.m. to 8 p.m. Banking
egveer ieF& MeeKeeDeeW ceW efveefJe&Ive yeQeEkeie mesJee eoeve kejves kes GsMe mes yeQke ves 131 MeeKeeDeeW
ceW megyen 8.00 yepes mes meeeb 8.00 yepes leke yeQeEkeie megefJeOee eejbYe keer nw ~ keejesyeej kes
efJemleeefjle mecee kes oewjeve vekeo DeenjCe Je pecee, eske pecee kejvee, ceebie [ê@He Deewj
Yegieleeve Heeea peejer kejvee, Heeme yegke peejer kejvee Fleeefo megefJeOeeSb eoeve keer peeleer nQ ~
With a view to rendering uninterrupted banking service at select branches,

Bank has introduced 8 a.m. to 8 p.m. facility at 131 branches. The facility
of cash withdrawal and deposit, cheque deposit, issuance of Demand drafts
and payslips, updation of passbooks etc. are being offered during the
extended hours of business.
megyen 8.00 yepes mes meeeb 8.00 yepes leke keer yeQeEkeie ueeiet kejves mes yeQke keer ef meercee
Deewj yeev[ efye GppeJeue ngF& nw ~ efJemleeefjle mecee kes oewjeve MeeKeeDeeW ceW Deeves Jeeues
eenkeeW ves Deefleefjkele keercele kes efyevee oer pee jner Fme megefJeOee keer DeHeveer eefleefeee ceW
Yetefj-Yetefj eMebmee keer nw ~
The implementation of 8 a.m. to 8 p.m. banking has improved the visibility

and brand image of the Bank. The feedback from customer visiting the
branches during extended hours is that of appreciation as this facility has
been offered without any extra cost to them.
jepeYee<ee
OFFICIAL LANGUAGE
Je<e& kes oewjeve jepeYee<ee veerefle kes #es$e ceW yeQke kee keee&efve<Heeove mejenveere jne ~ Je<e&
2006-07 kes efueS Jeeef<e&ke keee&ece kes efJeefJeOe ue#eeW kees eeHle kejves kes efueS yeQke ves
DeLeke eeeme peejer jKes ~ jepeYee<ee veerefle kes eYeeJeer keeee&vJeeve kes efueS yeQke ves jepeYee<ee
DeefOekeeefjeeW kes efueS GVele eefMe#eCe keee&ece leLee yeQke kes keee&HeeuekeeW kes efueS efnboer
mesefceveej kee Deeeespeve efkeee ~
During the year Banks performance in implementing Official Language

policy was commendable. Bank has continued its vigorous efforts to
achieve the various targets prescribed in Annual Implementation
Programme for the year, 2006-07. For effective implementation of Official
Language Policy, Bank had conducted an advanced training programme
for Official Language Officers and a Hindi seminar for the Executives of
bank.
Je<e& kes oewjeve kegue 51 efnboer keee&MeeueeDeeW kee Deeeespeve efkeee ieee Lee, efpemeceW owvebefove
yeQeEkeie keejesyeej ceW efnboer kes eeesie kes efueS 1145 DeefOekeejer Deewj efueefHekeeW kees eefMeef#ele
efkeee ieee Lee ~ efnboer DeeMegefueefHekeeW/bkekeeW/efueefHekeeW leLee DeefOekeeefjeeW kees Yeer eefMe#eCe
efoee ieee efpevnW efnboer kee keee&meeOeke %eeve veneR nw, GvnW Yeer efnboer kee eefMe#eCe efoee ieee~
A total of 51 Hindi workshops were conducted during the year in which

1145 Officers and Clerks were trained to use Hindi in day to day banking
functions. Training was imparted to Hindi Stenographers/Typists/Clerks
and Officers. Training was also imparted to those who do not possess
working knowledge of Hindi.
jepeYee<ee Hej mebmeoere meefceefle keer DeeuesKe Deewj mee#e GHe meefceefle eje efJeefYeVe MeeKeeDeeW
kee efvejer#eCe kejles mecee yeQke kes keee&-efve<Heeove keer meceer#ee keer ieF& ~ jepeYee<ee Hej
mebmeoere meefceefle keer GHe meefceefle eje yeQke keer MeeKeeDeeW kes keee& efve<Heeove keer meceer#ee keer
ieF& ~ ie=n ceb$eeuee, jepeYee<ee efJeYeeie kes efJeefYeVe #es$eere keeee&vJeeve keeee&ueeeW kes DeefOekeeefjeeW
eje osMe Yej ceW nceejs yeQke keer efJeefYeVe MeeKeeDeeW leLee keeee&ueeeW kee efvejer#eCe efkeee
ieee~ ie=n ceb$eeuee, jepeYee<ee efJeYeeie (Heefeceer #es$e) ves nceejs eOeeve keeee&uee kee efJemle=le
efvejer#eCe efkeee Deewj jepeYee<ee veerefle kes nceejs keee&-efve<Heeove keer mejenvee keer ~
The Drafting and Evidence Sub-committee of Parliamentary Committee

on Official Language reviewed Banks performance while inspecting our
various offices / branches. Officials from various Regional Implementation
Offices of Ministry of Home Affairs, Official Language Deptt. inspected
various branches and offices of our bank across the country. Ministry of
Home Affairs, Official Language Deptt, (Western Region) also carried
out a detailed inspection of our Head Office and appreciated our
performance in implementing official language policy.
Je<e& kes oewjeve jepeYee<ee veerefle kes keeee&vJeeve kes efueS yeQke kees keF& Hegjmkeej eeHle ngS,
efpemeceW mes ecegKe nQ, ie=n ceb$eeuee eje YegJevesej Debeue SJeb keesuneHegj Deebeefueke keeee&uee
kees eceMe efleere Hegjmkeej leLee Hevee Deebeefueke keeee&uee SJeb peceMesoHegj Deebeefueke
keeee&uee kees leermeje Hegjmkeej~ Yeejleere efj]peJe& yeQke keer eefleeesefielee ceW nceejer ie=n Heef$ekee
``leejebieCe'' ves Yeer eewLee Hegjmkeej eeHle efkeee ~
During the year Bank received various awards for its performance for
implementation of Official Language policy. Prominent among them are
second prize to our Bhubaneshwar Zonal Office, third prize to Patna Zonal
Office & Jamshedpur Zonal Office respectively from Ministry of Home
Affairs. Our House Magazine Taarangan also secured fourth prize in
RBI competition.
During the year, Official Language Department of the Bank translated
into Hindi publicity material on Star Pension Scheme, Z card on Retail
Banking products, credit policy, booklet on Abhay credit counselling
Trust and various other important publicity materials. Most of the
Je<e& kes oewjeve yeQke kes jepeYee<ee efJeYeeie ves mej HeWMeve eespevee Hej eeej meeceeer, Kegoje
yeQefkebie GlHeeoeW Hej peer kee[&, $eCe veerefle, DeYee keeQefmeeEueie ^m keer Hegefmlekee leLee Deve
efJeefJeOe meeceeer kees efnboer ceW DevegJeeefole efkeee ~ yeQke keer JesyemeeF Hej DeefOekeebMe meteveeSb
efnboer ceW GHeueyOe kejeF& ieF& nQ ~
information was made available at the Banks website in Hindi.
yeQke keer meneeke kebHeefveeeB/meneesieer mebmLeeSb
BANKS SUBSIDIARIES/ASSOCIATES
#es$eere eeceerCe yeQke (DeejDeejyeer)
Regional Rural Banks (RRBs)
nceejs yeQke ves 16 #es$eere eeceerCe yeQkeeW kees eeeesefpele efkeee nw, pees HeeBe jepeeW ceW efmLele nQ~
DeeefLe&ke efceleJeelee kees Oeeve ceW jKeles ngS, Gvekes meceecesueve kes efueS Je<e& 2006-07 kes
The Bank has sponsored 16 Regional Rural Banks operating in five States.
With a view to providing economies of scale, consolidation process was
39
oewjeve meceskeve eefeee eejbYe keer ieF& Leer ~ Fme ekeej 7 veS #es$eere eeceerCe yeQkeeW kes ieve
kes efueS 13 #es$eere eeceerCe yeQkeeW kee meceecesueve efkeee ieee ~ es #es$eere eeceerCe yeQke 37
efpeueeW (972 MeeKeeDeeW, 20 messueeF MeeKeeDeeW Deewj Ske efJemleej Heue kes vesJeke& kes
meeLe) ceW mebeeueve kej jns nQ, efpemeceW nceejs yeQke kees DeeCeer yeQke kee GejoeefelJe meeQHee
ieee nw ~ . 5.60 kejes[ efveie&ce Hetbpeer kes eejbefYeke DeefYeoeve kes DeueeJee Fve #es$eere eeceerCe
yeQkeeW kes HegveJe&mLeeHeve kes efueS . 54.70 kejes[ keer Deefleefjkele FeqkeJeer oer ieF& nQ ~ yeQke
ves Fve #es$eere eeceerCe yeQkeeW kees DeeJeMeke eyebOekeere Deewj eMeemeefveke meneelee GHeueyOe
kejevee peejer jKee nw ~ efJeeere Je<e& 2006-07 keer meceeeqHle Hej Fve #es$eere eeceerCe yeQkeeW keer
kegue pecee Deewj Deefece jeefMe ye{kej eceMe . 5219 kejes[ Deewj . 2514 kejes[ nes
ieF& nw~ efJeeere Je<e& kes oewjeve 7 ceW mes 6 #es$eere eeceerCe yeQkees ves ueeYe Deefpe&le efkeee nw ~
initiated for their amalgamation during 2006-07. Thus 13 RRBs were
yeerDeesDeeF& Mesej nesefu[bie efueefces[
BOI Shareholding Ltd.
yeQke kee kewefHeue ceekex kes meeLe mebyeOe meele oMeke mes Yeer Hegjevee nw~ yeQke me@ke SkemeeWpe
efue. (yeerSmeF&), cegbyeF& kes meceeMeesOeve Deewj efveHeeve efJe<eeke keeeeX mes peg[e nw~ Je<e& 1989
ceW yeQke ves me@ke SkemeeWpe efue., cegbyeF& kes meeLe efceuekej Ske mebegkele He ceW yeerDeesDeeF&
Mesej nesefu[bie efueefces[ keer mLeeHevee keer~ en kebHeveer vesMeveue efmekeeesefjer ef[Heeefpejer
meefJe&mespe efue. (SueSme[erSue) Deewj meWu^ e ef[Heeefpejerpe meefJe&mespe (Fbe[f ee) efue. (meer[erSmeSue)
kes meeLe kegMeuelee HetJe&ke ef[ces ceW SkemeeWpe kes er+2 kes DeeOeej Hej ef[ces mesefuebie
mesefueces kee keee& kejleer nw Deewj Fbefess[ kecHetjeFpe efmemce kes ceeOece mes mejkeejer
eefleYetefleeeW kee efveHeeve kejleer nw~
Banks association with the Capital Market spans over a period of more
amalgamated to form 7 new RRBs. These RRBs are operating in 37

districts (with a network of 972 branches, 20 Satellite branches and 1
Extension Counter) in which our Bank is entrusted with the Lead Bank
responsibility. Besides initial subscription of Rs.5.60 crore to their issued
capital, the Bank has infused additional equity of Rs.54.70 crore towards
restructuring of these RRBs. The Bank is providing necessary managerial
and administrative support to these RRBs. As at the end of financial year
2006-2007, the total deposits and advances of these RRBs have grown to
Rs.5219 crore and Rs.2514 crore respectively. Out of the 7 RRBs, 6 have
registered profit during the year.
than seven decades with the clearing and settlement functions of the
Bombay Stock Exchange Ltd. (BSE), Mumbai handled by the Bank. Later
on in 1989, Bank set up BOI Shareholding Ltd. a joint venture with the
Bombay Stock Exchange Ltd. to manage the clearing house functions of
BSE. The company is carrying out the demat rolling settlements on T+2
basis of the Exchange through the National Securities Depository Services
Ltd. (NSDL) and Central Depository Services (India) Ltd. (CDSL)
efficiently and also the settlement of G-Secs through an integrated
computerized system.
eefMeef#ele ceeveJe Meeqkele Deewj JeJenej kegMeue eeweesefiekeer mebjevee kee YejHetj GHeeesie kejves
keer ef mes mebyebefOele keeeeX kes mesueceW kejves kes DeueeJee kebHeveer me@ke SkemeeWpe kes
yeeskejeW Deewj Kegoje efveJesMekeeW kees ef[Heeefpejer mesJeeSb Yeer eoeve kejleer nw ~ Je<e& 2004-05
kes oewjeve omleeJespeeW Hej mwcHe [eter keer eweEkeie kee keee& eejbYe efkeee, efpemeves Fmekes
jepemJe ceW cenlJeHetCe& Je=ef kej oer nw~
With a view to optimising use of its trained manpower and sophisticated

IT infrastructure, besides handling settlement related work of the Exchange,
the company also extends depository services to member brokers of the
stock exchanges and retail investors.
During 2004-05, the company
commenced new business activity of franking of stamp duty on documents,

which has contributed significantly to its revenue stream.
yeerDeesDeeF&SmeSue ves Je<e& 2005-06 kes oewjeve Deefpe&le . 309.25 ueeKe keer leguevee ceW Je<e&
2006-07 kes oewjeve . 396.54 ueeKe kee Meg ueeYe Deefpe&le efkeee nw~ kebHeveer ves Je<e&
2005-06 kes oewjeve Deoe efkeS ieS 60% ueeYeebMe keer leguevee ceW Je<e& 2006-07 kes
oewjeve 80% Debleefjce ueeYeebMe kee Yegieleeve efkeee nw~
BOISL earned a net profit of Rs.396.54 lakh during 2006-07 as against

Rs.309.25 lakh earned during 2005-06. The company paid an interim
dividend of 80% during 2006-07 as against 60% dividend paid during
2005-06.
Fb[es peeeqcyeee yeQke efue.
Indo Zambia Bank Ltd.
Fb[es peeeqcyeee yeQke efue. (DeeF&yeerpes[) leerve Yeejleere yeQkeeW kee mebegkele Gece nw ~ yeQke
Dee@He Fbef[ee, yeQke Dee@He ye[ewoe, meWûe yeQke Dee@He Fbef[ee Deewj peeeqcyeee keer mejkeej ~
eleske Yeejleere yeQke Mesej kee 20% Oeejke nw ~ efpemeceW peeeqcyeee keer mejkeej keer
Oeeefjlee 40% nw ~ Fb[es peeeqcyeee yeQke mebegkele Gece keer meHeuelee kee Ske megboj GoenjCe
nw ~ Fmes oes efYeVe ieCejepeeW, peeeqcyeee ieCejepe keer mejkeej Deewj Yeejle mejkeej kee
mebj#eCe efceuee ngDee nw ~
Indo Zambia Bank Ltd. (IBZ) is a joint venture of three Indian Banks viz.
meneesieer kebHeveer
Associate Company
Yeejleere eefleYetefle JeeHeej efveiece efue. (SmeermeerDeeF&)
Securities Trading Corporation of India Ltd. (STCI)
Bank of India, Bank of Baroda, Central Bank of India and Government of

Zambia. Each of the Indian Banks holds 20% of the share capital, whereas
Government of Zambia holds 40% of the share capital. Indo-Zambia Bank
Ltd. is a fine example of a successful Joint venture. It enjoys the patronage
of two friendly republics, the Government of the Republic of Zambia and
the Government of India.
SmeermeerDeeF& osMe kee Ske DeeCeer [eruej nw, efpemes DeuHeeJeefOe $eCe efueKeleeW kes
efueS Gelece $eCe efeefmeue eje Heer1+ Deewj Fkeje eje A1+ jseEie efceuee nw~
Securities Trading Corporation of India Ltd. (STCI) is one of the leading

Primary Dealers in the country enjoying the highest credit rating of P1+
40
Oeeefjlee kes meeLe yeQke SmeermeerDeeF& kee Skeue meyemes ye[e MesejOeejke
yevee ngDee nw~
by CRISIL and A1+ by ICRA for short term debt instruments. Bank is
Je<e& 2004-05 kes oewjeve Dekemceele SJeb leerJe yeepe ojeW ceW keceer Deewj meewoe ceeefpe&ve ceW
keceer kee leLee efpeu efmekeetefjefpe kee ieJeen jne nw, peye kebHeveer kees Henueer yeej DeHeves
HeefjeeueveeW ceW neefve Geveer He[er ~ Je<e& 2005-06 kes oewjeve Fmeves . 24 kejes[ kee Meg
ueeYe ope& kejles ngS MeerIe megOeej kej efueee ~ yeepeej keer eefleketue HeefjefmLeefleeeW kes keejCe
Je<e& 2006-07 kes oewjeve kebHeveer ves . 13.56 kejes[ kee Meg Ieee ope& efkeee nw~ Je<e&
2006-07 kes oewjeve mesyeer kes Heeme Hebpeerke=le eLece esCeer keer ceeX yeQeEkeie kebHeveer eterDeeF&
meskeegefjefpe efue. kees DeefOeie=efnle efkeee nw ~ cesmeme& eterDeeF&SmeSue yeQeEkeie efveJesMe, kebHeveer
meueenkeej mesJee, mebmLeeiele/Kegoje FeqkeJeer Deewj [sefjJesefJe yeeseEkeie Hees&Heesefueees eyebOeve
mesJee, ef[Heeefpejer mesJee Fleeefo kes efueS etefve ^m Dee@He Fbef[ee kes efJeefMe GHeece mes
peg[er ngF& nw ~ Fme DeefOeenCe mes kebHeveer kees FeqkeJeer JeeHeej, ef[Heeefpejer meefJe&mesme Fleeefo
ceW DeHeveer GHeefmLeefle ope& efkeS peeves keer Gcceero nw~ Fmeves DeHeves cegKe [eruejefMeHe JeJemeee
kees Ske Deueie kebHeveer ceW yeoueves kee efveCe&e efueee ~
On account of the sudden and swift hardening of interest rates and
29.95%
the single largest stakeholder of STCI with 29.95% stake in its equity.
narrowing down on margins in trading on gilt securities witnessed during

2004-05, the company incurred losses in its operations for the first time.
The Company could however make a quick turn around during 2005-06
by posting a net profit of Rs.24 crore. During 2006-07, due to adverse
market conditions the company ended the F.Y. 2006-07 with a net loss
of Rs.13.56 crore. In the year, 2006-07 STCI acquired the UTI Securities
Ltd., a category I merchant banking company registered with SEBI and
engaged in investment banking, corporate advisory services, institutional/
retail equity, derivative broking, portfolio management services, depository
services etc., from the specified undertaking of Unit Trust of India. With
this acquisition, the company hopes to mark its presence in these varied
fields. STCI has also decided to spin off its Primary Dealership business
into a separate company.
Deve veerefleiele efveJesMe/mebefOeeeB
Other Strategic Investments/Alliances
DeeF&Sue SC[ SHeSme FveJesmceW cewvespej efue.
IL&FS Investment Managers Ltd.
DeeF&Sue SC[ SHeSme FveJesmceW cewvespej efue. Ske ecegKe eeFJes FeqkeJeer Deewj JeWej
kewHeerue eoelee nw Fme ceW 13.24% keer FeqkeJeer Hetbpeer kes meeLe yeQke otmeje meyemes ye[e
mskenesu[j nw ~ yeQke DeeF&Sue Sb[ SHeSme FvJesmcesv cewvespeme& efue. keer Hetbpeer ceW efveJesMe mes
Dee ueeYeebMe Deefpe&le kej jne nw ~ Fmekes DeueeJee yeQke ves Jele&ceeve eleske oes MesejeW kes
meeLe Ske yeesveme Mesej kes DevegHeele mes Je<e& 2005-06 ceW kebHeveer mes yeesveme Mesej Yeer neefmeue
efkeS nQ ~
IL&FS Investment Managers Ltd. is a premier private equity and venture
mesvûe ef[Heeefpejer meefJe&mespe (Fbef[ee) efue. (meer[erSmeSue)
Central Depository Services (India) Ltd. (CDSL)
mesvûe ef[Heeefpejer meefJe&mespe keer mLeeHevee Je<e& 1998 ceW osMe ceW otmejs ef[Heeefpejer kes He
ceW keer ieF& nw, pees me@ke SkemeeWpe cegbyeF& (yeerSmeF&) eje eesVele keer ieF& nw ~ yeQke meer[erSmeSue
ceW Ske men eeeespeke kes He ceW nw Deewj Fmekeer kejerye 10% FeqkeJeer Hetbpeer nw ~ meer[erSmeSue
meYeer ekeej kes keF& efueKeleeW, mejkeejer eefleYetefleeeW, FeqkeJeer MesejeW Deeefo keer ef[ces
megefJeOee eoeve kejlee nw ~ meer[erSmeSue kees Jeebefle DeeF&SmeDees 27001 eceeCeHe$e [s
veesjmkes Jesefjleeme (jesj[ce) eje eoe efkeee ieee Lee ~ Je<e& 2006-07 kes oewjeve kebHeveer
ves Deve mecye ieefleefJeefOeeeB eejbYe kejves kes efueS HetCe&le mJeeb kes mJeeefcelJe Jeeueer meneeke
kebHeveer meer[erSmeSue JeWeme& efue. eJeefle&le keer nw ~
Central Depository Services (India) Ltd. was set-up in 1998 as the second
SSmeDeejF&meer (Fbef[ee) efue.

kebHeveer kees etefve ^m Dee@He Fbef[ee kes efJeefveefo& GHeece kes He ceW HeJeefle&le efkeee ieee Lee
pees eefleYeteflekejCe Deewj Deeefmle Hegvej&evee kee keee& kejleer nw Deewj efJeeere Je<e& 2004-05
kes efleere DeOe& Je<e& ceW SmeSDeejSHeSF&SmeDeeF& DeefOeefveece, 2002 kes Debleie&le Yeejleere
efj]peJe& yeQke eje HebpeerkejCe kee eceeCeHe$e (meef&efHekes Dee@He jefpem^sMeve) efoee ieee nw
Deewj kebHeveer ves Deye leke HetCe&HesCe keee& kejvee DeejbYe kej efoee nw ~ kebHeveer keer FeqkeJeer
Hetbpeer ceW yeQke efveJesMe 15.30% nw Deewj kebHeveer kees efeeekeueeHeeW ceW mebJe=ef kes meeLe Fme
efveJesMe ceW Deer Deee nesves keer DeHes#ee nw ~
ceuer keceesef[er SkemeeWpe Dee@He Fbef[ee (ScemeerSkeme)
ScemeerSkeme veeer Heer{er kee jeêre mlej kee yeng efpevme SkemeeWpe nw pees jeêre mlej Hej yeng
ASREC (India) Ltd
capital provider. Bank is the second largest stakeholder of IL&FS

Investment Managers Ltd. with 13.24% participation in the equity capital.
Bank has been earning good dividend on its investments in equity of IL&FS
Investment Managers Ltd., besides having received bonus shares in the
ratio of one bonus share for every two existing equity shares of the
Company during 2005-06.
depository in the Country promoted by the Bombay Stock Exchange Ltd.

(BSE). Bank is one of the co-sponsors of CDSL and has an investment of
about 10% in the equity capital of the company. CDSL offers demat
facilities for all kinds of debt instruments, government securities, equity
shares etc. CDSL was conferred with the coveted ISO 27001 Certification
by Det Norske Veritas (Rotterdam). During 2006-07 the company floated
CDSL Ventures Ltd., its wholly owned subsidiary company for taking up
other allied activities.
The company was floated by the specified undertaking of the Unit Trust
of India to undertake securitisation and asset reconstruction activities.
The Company was granted Certificate of Registration by RBI under the
SARFAESI Act, 2002 in the second half of FY 2004-05 and has since
commenced full-fledged operations. Bank has an investment of 15.30%
in the equity capital of the company and expects to earn good returns
thereon with growth in activities of the company.
Multi-Commodity Exchange of India Ltd. (MCX)
MCX is a new generation multi-commodity exchange undertaking future
41
efpevme ceW YeefJe<e keer ^seE[ie kee keee& osKelee nw ~ Fme SkemeeWpe ves efJeeere Je<e& 2004-05
kes oewjeve keee& kejvee eejbYe efkeee ~ yeQke kee SmemeerSkeme keer Hetbpeer ceW FeqkeJeer menYeeefielee
kes He ceW 2% kee meeceeve mske nw pees ye{s efpevme yeepeej kes meeLe peg[ves Deewj keejesyeej
ceW ye{esejer keer ef mes efkeee ieee nw ~ yeQke yegefueeve SkemeeWpe MeeKee kes ceeOece mes
SkemeeWpe kes yeQke meceeMeesOeve keeeeX kees Yeer mebYeeuelee nw ~ ScemeerSkeme ves efJeeere Je<e&
2005-06 kes oewjeve 20% ueeYeebMe kes meeceves efJeeere Je<e& 2006-07 nsleg 170% Devleefjce
ueeYeebMe egkelee efkeee ~
trading in multi commodities at the national level. The Exchange
vesMeveue keesueesjue cewvespeceW meefJe&mesme efue. (SvemeerSceSmeSue)
National Collateral Management Services Ltd. (NCMSL)
vesMeveue keesueesjue cewvespeceW meefJe&mesme efue. kees vesMeveue keceesef[er SbJe [sefjJesefJpe SkemeeWpe
efue. eje eesVele efkeee ieee nw ~ Fmekees efoveebke 28.09.2004 kees eefleYetelf eeeW SJeb keceese[f erpe
nsleg megj#ee, eyebOeve leLee efveeb$eCe kes efueS keesueesjue eyebOeve mesJeeSb eesVele kejves leLee
eoeve kejves nsleg efveieefcele efkeee ieee~ en keceesef[er SkemeeWpe Hej ^s[ kes efJekeeme nsleg
efJeefYeVe mesJeeSb eLee efmekeegejf efpe SJeb keceese[f erpe Fleeefo keer JesuegSMeve, ese[E ie, FvMegDeeEjie,
meskeegeEjie, mesjspe, ef[efm^yegMeve, eqkeueDeeEjie SJeb HeejJeef[ie kee keee& kejlee nw ~ yeQke
kee kebHeveer keer FeqkeJeer Hetbpeer ceW 10% mske (Hees 3 kejes[) nw~ Fme lejn en yeQke kees
SvemeerSceSmeSue kes meeLe DeHeves mebyebOeeW kes eueles Gvekes meomeeW Deewj eenkeeW kees esef[
osves kee DeJemej Heelee nw~
National Collateral Management Services Ltd. is promoted by the National
$eCe Deemetevee yetjes (Yeejle) efue. (meerDeeF&yeerDeeF&Sue)
Credit Information Bureau (India) Ltd. (CIBIL)
commenced operation during FY 2004-05. Bank has a nominal stake of

2% by way of equity participation in the capital of MCX with a view to
be associated with one of the major commodity exchanges. Bank also
handles clearing bank functions of the Exchange through Bullion Exchange
Branch.
MCX paid an interim dividend of 170% for FY 2006-07, as
against 20% dividend paid during 2005-06.
Commodity and Derivatives Exchange Ltd. (NCDEX). It was incorporated

on 28.09.2004 to promote and provide collateral management services for
securing, managing and controlling securities and commodities. It offers
various services for the development of trades on commodity exchange
such as valuation, grading, insuring, securing, storaging, distributing,
clearing and forwarding of securities and commodities etc. Bank holds a
stake of 10% (Rs.3 crore) in the equity capital of the Company, thus
providing opportunities to the Bank to harness its association with NCMSL
for credit lines to its members and clients.
meerDeeF&yeerDeeF&Sue osMe kee Henuee $eCe Deemetevee yetjes nw efpemes yeQeEkeie Deewj efJeeere mesJee
#es$e kees $eCe metevee Deewj peesefKece efJeMues<eCe mesJeeSb osves kes efueS Deiemle 2000 ceW efveieefcele
efkeee ieee ~ kebHeveer ves efJeeere Je<e& 2004-05 ceW DeHeves eenke yetjes Heefjeeueve Deewj Je<e&
2006-07 kes oewjeve JeeefCeeqpeke yetjes Heefjeeueve eejbYe efkeS~ neueebefke Gmekes JeeefCeeqpeke
yetjes kes Heefjeeueve kees eLeemecee HetCe& mlej Hej eejbYe efkeee peeSiee~ yeQke ves Je<e& 200506 kes ojceeve kebHeveer keer F&eqkeJeer Mesej Hetbpeer ceW 5% kee DeefOeenCe efkeee Deewj kebHeveer
kes meeLe meneesie mes meenee& JeglHeVe kejvee mebYeeefJele nw~
CIBIL is the first credit information bureau in the Country, incorporated

in August, 2000 for providing credit information and risk analysis services
to the banking and financial services sectors. The company launched its
consumer bureau operations in FY 2004-05 and commercial bureau
operations during 2006-07. Bank acquired a stake of 5% in the equity
share capital of the company during 2005-06 and expects to derive
synergies through its association with the company.
SmeSceF& jseEie Spesvmeer Dee@He Fbef[ee efue. (SmeSceF&DeejS)
SME Rating Agency of India Ltd. (SMERA)
Ske ecegKe $eCe mlejebkeve Spesvmeer [ve Sb[ yew[efm^ kes meneesie mes efme[yeer eje efJeeere
Je<e& 2005-06 kes oewjeve SmeSceF&DeejS keer mLeeHevee keer ieF&~ SmeSceF&DeejS kee ecegKe
GsMe Ske JeeHeke, HeejoMeea Deewj efJeemeveere mlejebkeve eoeve kejvee nw pees SmeSceF& #es$e
kees ye[er cee$ee ceW Deewj Deemeeveer mes $eCe eJeen kejsiee~ yeQke kee kebHeveer keer F&eqkeJeer Hebtpeer
ceW veececee$e 4% mske nw~
SMERA was set-up during FY 2005-06 by SIDBI in association with

Dun & Bradstreet, one of the leading credit rating agencies. SMERAs
primary objective is to provide comprehensive, transparent and reliable
ratings which would facilitate greater and easier flow of credit to SME
sector. Bank has a nominal stake of 4% in the equity capital of the
veerefleiele mebefOe
Strategic Alliance
company.
vesMeveue keceesef[er SJeb [sefjJesefJe SkemeeWpe efue. (Svemeer[erF&Skeme)

Svemeer[erF&Skeme vesMeveue me@ke SkemeeWpe Deewj Deve efJeeere mebmLeeDeeW eje eesVele Ske
ecegKe keceesef[er SkemeeWpe nw Deewj Fmekees Jeeeoe yeepeej Deeeesie eje ke=ef<e SJeb Deve
keceesef[er (efpevme) ceW efvejblej efmLeefle (Dee@ve ueeFve meerve) kes DeeOeej Hej keejesyeej kejves
kes efueS Devegcele efkeee ieee nw ~ yeQke ves Svemeer[erF&Skeme ceW Ske keejesyeej menYeeieer kes He
ceW eJesMe efkeee nw Deewj Fmes Ske meceeMeesOeve yeQke kes He ceW meteerye efkeee ieee nw ~ Fmekes
keee& me@ke SkemeeWpe MeeKee kes ceeOece mes efkeS pee jns nQ ~ yeQke ^s[me&/Svemeer[erF&Skeme
kes meomeeW kees SveSme[erSue Deewj meer[erSmeSue kes Debleie&le DeHeves [erHeer keeee&ueeeW kes
ceeOece mes ef[Heeefpejer mesJeeSb Yeer eoeve kejlee nw ~ yeQke kees Fmekes meeLe menYeeefielee mes
keejesyeej keer eieefle ceW esme meneelee efceueves keer Gcceero nw ~
National Commodity & Derivatives Exchange Ltd. (NCDEX)

NCDEX is one of the prime commodity exchanges, promoted by the
National Stock Exchange and other FIs and permitted by the Forward
Market Commission to undertake on-line screen based trades in
agricultural and other commodities. Bank has joined NCDEX as a
business associate and is empanelled as a clearing bank. The functions
are being handled through the Stock Exchange Branch. Bank also
extends DP services to the traders/members of NCDEX under NSDL
and CDSL through its DP offices.
association for business growth.
42
Bank expects to leverage the
metevee kee DeefOekeej DeefOeefveece 2005
Right to Information Act 2005
metevee kee DeefOekeej DeefOeefveece 2005 kes eeJeOeeveeW kes DevegHe yeQke kes {ebes, Fmekeer
eespeveeDeeW Deewj Dee@Hej keer pee jner mesJeeDeeW mes mebyebefOele cenlJeHetCe& peevekeejer kees Deece pevelee
keer metevee nsleg yeQke keer JesyemeeF ceW jKee ieee nw ~ metevee kee DeefOekeej DeefOeefveece kes
eeJeOeeveeW kes DevegHeeueve ceW, pees 12/10/2005 mes eYeeJeer ngDee, yeQke kes mebyebOe ceW peevekeeefjeeW
nsleg Deece pevelee kees mengefueele eoeve kejves keer ef mes yeQke ves ceneeyebOeke (Heefjeeueve)
kees eOeeve keeee&uee nsleg kesvere meeJe&peefveke metevee DeefOekeejer kes He ceW, DebeueeW ceW
Deebeefueke eyebOekeeW kees meerHeerDeeF&Dees kes He ceW Heoveeefcele efkeee nw ~ eOeeve keeee&uee ceW
keee&Heeueke efveosMeke kees DeHeerueere eeefOekeejer kes He ceW Heoveeefcele efkeee ieee nw ~ etbefke
DeefOeefveece eYeeJeer nes egkee nw yeQke DeefOeefveece kes eeJeOeeveeW kes Devleie&le, peneB keneR mes ceebie
keer peee, Deece pevelee kees DeeJeMeke peevekeejer eoeve kej jne nw ~ 31.03.2007 keer
efmLeefle kes Devegmeej yeQke ves Gmekes Heeme Yespes ieS meYeer DeeJesoveeW, DeHeerueeW kees efveHee efoee
nw Deewj otmejer yeej DeHeerueeW nsleg DeefOeefveece kes Devleie&le efveOee&efjle mecee-meercee kes Yeerlej Gej
HeeFue efkeee nw ~ Deye leke yeQke eje efveHeeS ieS efkemeer Yeer ceeceues kes mecyevOe ceW kesvere
metevee keceerMeve eje yeQke kes efJe keesF& efJeHejerle DeeosMe peejer veneR efkeee ieee nw~
In accordance with the provisions of the Right to Information Act, 2005,

the vital information about the Banks structure, its schemes and the services
being offered is placed on Banks website for the information of general
public. In compliance with the provisions of Right to Information Act,
2005 which came into force w.e.f. 12.10.2005, Bank has designated General
Manager (Operations) as Central Public Information Officer (CPIO) for
the Head Office, Zonal Managers at Zonal Offices as CPIOs for the Zones
and the Executive Director at Head Office as Appellate Authority to
facilitate the general public to access to Banks information. Since the
enactment came into force, Bank has been providing necessary information
to the general public against their request as required under the Act. As on
31.03.2007, Bank has disposed off the applications, appeals and filed its
replies to the second appeals within the time frame prescribed under the
Act. Till date, no adverse order is passed against the Bank by the Central
Information Commission, in respect of any of the matters disposed off by
the Bank.
efveosMekeeW kes GejoeefelJeeW mebyebOeer efJeJejCe
DIRECTORS RESPONSIBILITIES STATEMENT
efveosMekeieCe ceee&, 31, 2007 kees meceeHle Je<e& kes efuees leweej Jeeef<e&ke uesKee keer efvecveevegmeej
Hegef kejles nQ
The Directors confirm that in the preparation of the annual accounts for
the year ended March 31, 2007.
uesKee ceW ueeiet nesves Jeeues ceevekeeW kee DevegHeeueve efkeee ieee nw Deewj eefo keesF& Deblej
nw lees Gmekes efuees Gefele JeeKee oer ieeer nw~
proper explanation relating to material departures, if any;
Yeejleere efj]peJe& yeQke efoMeeefveoxMeeW kes Devegmeej uesKee-veerefleeeW kees yeveeee ieee nw
Deewj ke[eF& mes Gvekee Heeueve nes jne nw~
31 ceee& 2007 kees meceeHle Je<e& nsleg efoKeeS ieS ueeYe Je efJeeere Je<e& keer meceeeqHle Hej
the accounting policies, framed in accordance with the guidelines of

the Reserve Bank of India, were consistently applied;
reasonable and prudent judgement and estimates were made so as to
give a true and fair view of the state of affairs of the Bank at the end
yeQke kes ceeceueeW keer efmLeefle kee JeemleefJeke leLee eLeeLe& efe$eCe kejves nsleg leke&mebiele
leLee efJeJeskeHetCe& efveCe&e leLee Deekeueve efkeS ieS nQ~
the applicable accounting standards have been followed along with
of the financial year and of the profit of the Bank for the year ended
on March 31, 2007.
Yeejle ceW yeQke mebeeueve kes efueS yeveees iees keevetveeW Deewj efveeceeW kes eeJeOeeveeW kes
Devegmeej Deeleve uesKee DeefYeuesKe kes jKe-jKeeJe ceW Gefele Deewj Heee&Hle meeJeOeeveer
yejleer ieeer Deewj
proper and sufficient care was taken for the maintenance of adequate
accounting records in accordance with the provisions of applicable
laws governing banks in India, and
uesKeeWs kees eeefuele eefeee ceoeW kes Devegmeej leweej efkeee ieee nw~
43
the accounts have been prepared on a going concern basis.
S. eenke efMekeeeleW
S
yeer
meer
[er
Je<e&
Je<e&
Je<e&
Je<e&
kes eejbYe ceW ueefcyele efMekeeeleeW keer mebKee

kes oewjeve eeHle efMekeeeleeW keer mebKee
kes oewjeve efvemleeefjle efMekeeeleeW keer mebKee
kes Deble ceW ueefcyele efMekeeeleeW keer mebKee
A.
109
No. of Complaints pending at the beginning of the year
1740
No. of Complaints received during the year
1740
1697
No. of Complaints redressed during the year
1697
152
No. of Complaints pending at the end of the year
B.
Awards passed by the Banking Ombudsman
yeer. yeQ eEkeie ueeskeHeeue eje Heeefjle DeefOeefveCe&e

S
yeer
meer
[er
Je<e&
Je<e&
Je<e&
Je<e&
kes eejbYe ceW keeee&eqvJele ve efkees iees DeefOeefveCe&eeW keer mebKee

kes oewjeve yeQeEkeie ueeskeHeeue eje Heeefjle DeefOeefveCe&eeW keer mebKee
kes oewjeve keeee&eqvJele DeefOeefveCe&eeW keer mebKee
kes Deble ceW keeee&eqvJele ve efkees iees DeefOeefveCe&eeW keer mebKee
Customer Complaints
109
152
No. of unimplemented Awards at the beginning of the year
22
No. of Awards passed by the Banking Ombudsman during the year
22
20
No. of Awards implemented during the year
20
No. of unimplemented Awards at the end of the year
43A
keeHeexjs efveeb$eCe
CORPORATE GOVERNANCE
efveeb$eCe mebefnlee Hej yeQke keer efJeeejOeeje
Banks Philosophy on code of Governance
yeQke keer keeHeexjs efveeb$eCe efJeeejOeeje MesejOeejke kes cetue kees ye{eves nsleg eeemejle jnles
ngS DeHeves keejesyeejer mebeeueve ceW vewefleke JeJenej kes eefle HetCe&leee eefleye nw~ yees[&,
keee&Heeueke SJeb Deve keee&keeefjeeW kes DeeHemeer mebyebOe Fme Yeebefle Iegues-efceues nQ efke eleske
keer Yetefcekee Deewj GVele keeHeexjs keee&efve<Heeove Deueie-Deueie osKes pee mekeles nQ~ yeQke
Ge ekeerkejCe ceevekeeW leLee HeejoefMe&lee kes eefle Yeer keefye nw~ yesnlej keee&eCeeueer
kee DevegkejCe kejles ngS yeQke ves DeHeves keejesyeej kes eleske Henuet keer efveiejeveer kes efueS
efJeefYeVe yees[& meefceefleeeb yeveeeer nQ~
The Banks corporate governance philosophy is woven around its total

commitment to ethical practices in the conduct of its business, while striving
to enhance shareholders value. The interrelation between the Board, the
executives and other functionaries is so configured as to have distinctly
demarcated roles and improved corporate performance. The Bank is also
committed to following high disclosure standards and transparency. In
line with the best practices, the Bank has formed various committees of
the Board to monitor every aspect of business.
efveosMeke yees[&
Board of Directors
yeQke keer mLeeHevee mecee mecee Hej eLee mebMeesefOele yeQkekeejer kebHeveer (GHeeceeW kee Depe&ve
Deewj DeblejCe) DeefOeefveece, 1970 kes DeOeerve keer ieeer nw~ yeQke kes keejesyeej Deewj keee&
kee meeceeve DeOeer#eCe, efveosMeve Deewj eyebOeve kee keee& efveosMeke yees[& kes Heeme jnlee nw
efpemekeer DeOe#elee, DeOe#e SJeb eyebOe efveosMeke eje keer peeleer nQ~
The Bank is constituted under the Banking Companies (Acquisition and

Transfer of Undertakings) Act, 1970 as amended from time to time. The
general superintendence, direction and management of the affairs and
business of the Bank is vested in the Board of Directors presided over by
the Chairman and Managing Director.
DeOe#e SJeb eyebOe efveosMeke Deewj keee&Heeueke efveosMeke keer efveegefkele keWere mejkeej eje
keer peeleer nw~ meceer#eeOeerve Je<e& kes oewjeve yees[& ceW efvecveefueefKele meome meefcceefuele
jns nQ-
The Chairman & Managing Director and the Executive Director are
appointed by the Central Government. During the year under review the
Composition of the Board was as under:-
eer Sce. yeeueebve

eer kes. Deej. keecele
(19.05.2006 mes)
eer Heer. Sue. iewjesuee
(17.05.2006 leke)
eer megosMe kegceej
(31.10.2006 mes)
eer DeefceleeYe Jecee&
(30.10.2006 leke)
eer S. Jeer. mejosmeeF&
(27.02.2007 mes)
eer S. kes. KeeQC[
(26.02.2007 leke)
eer keceueefkeMeesj iegHlee
(13.10.2006 mes)
[e. (eerceleer) eYee kes. leeefJeee[
[e. (eerceleer) Meebleeyesve kes. eeJe[e
[e. Jeer.yeer. keewpeeueieer
eer Sce. Sve. ieesHeerveeLe
[e. Heer. keesee
(19.02.2007 leke)
eer leCe Mes
(19.02.2007 leke)
eer Jeer. F&ejve
eer jecesMJej emeeo
(05.03.2007 mes)
eer oerHeke Heer. Heeerue
(04.03.2007 leke)
DeOe#e SJeb eyebOe efveosMeke

Shri M. Balachandran
Chairman & Managing Director
Shri K.R. Kamath

(From 19.05.2006)
Executive Director
Shri P.L. Gairola

(Upto 17.05.2006)
Executive Director
keWere mejkeej kes veeefceleer
Shri Sudesh Kumar

(From 31.10.2006)
Nominee of the Central Government
keWere mejkeej kes veeefceleer
Shri Amitabh Verma

(Upto 30.10.2006)
Nominee of the Central Government
DebMekeeefueke DeMeemekeere efveosMeke
Shri A.V. Sardesai

(From 27.02.2007)
Part-Time Non-Official Director
Yeejleere efj]peJe& yeQke kes veeefceleer
Shri A K Khound
(Upto 26.02.2007)
Nominee of Reserve Bank of India
Shri Kamal Kishore Gupta

(From 13.10.2006)

MesejOeejke efveosMeke
Dr. (Smt) Prabha K. Taviad
Dr. (Smt) Shantaben K. Chavda Part-Time Non-Official Director

Dr. V.B. Kaujalgi
Shareholder Director
Shri M.N. Gopinath
Dr. P. Kotaiah
(Upto 19.02.2007 )
Shri Tarun Sheth

(Upto 19.02.2007)
iewj-keeceieej kece&eejer efveosMeke

keeceieej kece&eejer efveosMeke
Shri V. Eswaran
Non-Workmen Employee Director
Shri Rameshwar Prasad

(From 05.03.2007)
Workmen Employee Director
keeceieej kece&eejer efveosMeke
Shri Deepak P. Patil

(Upto 04.03.2007)
Workmen Employee Director
44
DeOe#e SJeb eyebOe efveosMeke Deewj keee&Heeueke efveosMeke kees es[kej yees[& ceW Mes<e meYeer
efveosMeke iewj-keee&Heeueke efveosMeke nQ~ keWere mejkeej kees es[kej MesejOeejkeeW kee
eefleefveefOelJe kejves Jeeues efveosMeke Deewj keWere mejkeej eje efveegkele DebMekeeefueke
DeMeemekeere efveosMeke meteerkejCe kejej kes KeC[ 49 kes DeLe& kes Debleie&le mJeleb$e
efveosMeke nQ.
All directors, other than the Chairman & Managing Director and the
Executive Director, are non-executive Directors on the Board. The
Directors representing shareholders of the Bank other than the Central
Government and the part time non official Directors appointed by the
Central Government are independent directors within the meaning of
Clause 49 of the Listing Agreement.
Je<e& kes oewjeve yeQke ceW keee&enCe kejves Jeeues efveosMekeeW kee mebef#eHle Heefjee
Brief Profile of the Directors who joined the Bank during the year
eer kes. Deej. keecele, keee&Heeueke efveosMeke
Shri K.R. Kamath, Executive Director
eer kes. Deej. keecele cewmetj efJeeefJeeeuee mes 1976 kes kee@ceme& espegS Deewj Fbef[eve
Fbmermt Dee@He yeQkeme& kes meef&HeeF[ SmeesefmeS nQ~ Gvnesves Je<e& 1977ceW keeHeexjsMeve yeQke
ceW meerOes Yeleea DeefOekeejer kes He ceW keee&enCe efkeee Deewj efomecyej, 2002 ceW yeQke ceW
ceneeyebOeke kes He ceW HeoesVele ngS Deewj Gvns metevee eeweesefiekeer, metevee megj#ee, eyebOeve
metevee eCeeueer SJeb meceefvJele peesefKece eyebOeve kee eYeejer yeveeee ieee~ eer keecele kees megHej
GlHeeokelee DeJee[& pewmes Deveske keeHeexjs DeJee[& efceues nQ~ eer keecele Jeweeefjke mHe<lee,
meces<eCe keewMeue Deewj cepeyetle HeefjCeeceesvcegKeer erce yeveeves keer eesielee jKeves Jeeues Jeefkele
kes He ceW peeves peeles nQ~ Gvns 19 ceF&, 2006 mes yeQke kes keee&Heeueke efveosMeke kes He ceW
efveegkele efkeee ieee nw~
Shri K.R. Kamath is a Commerce Graduate of 1976 from Mysore
eer megosMe kegceej
Shri Sudesh Kumar
eer megosMe kegceej jepeveerefleMeee ceW mveelekeesej SJeb Yeejleere eMeemeefveke mesJee kes DeefOekeejer
nQ~ Gvns Jele&ceeve ceW yeQefkebie eYeeie, DeeefLe&ke keee& efJeYeeie, efJee ceb$eeuee, Yeejle mejkeej,
veF& efouueer ceW efveosMeke kes He ceW efveegkele efkeee ieee nw~ eer megosMe kegceej kees 31.10.2006
mes eer DeefceleeYe Jecee& kes mLeeve Hej kesvere mejkeej kes eefleefveefOe kes He ceW yeQke ceW
efveosMeke kes He ceW efveegkele efkeee ieee nQ~
Shri Sudesh Kumar is a Post Graduate in Political Science and is an Officer
University and a Certified Associate of Indian Institute of Bankers. He

joined Corporation Bank 1977 as DRO and elevated to the position of
General Manager in December 2002 and made in charge of Information
Technology, Information Security, Management Information System and
Integrated Risk Management. He is recipient of various corporate awards
like super productivity award etc. Shri Kamath is known for his conceptual
clarity, communication skills and ability to build strong result oriented
teams. He has been appointed as Executive Director of the Bank with
effect from 19th May, 2006.
of the Indian Administrative Services. He is presently posted as Director

in Banking Division, Department of Economic Affairs, Ministry of Finance,
Government of India, at New Delhi. Shri Sudesh Kumar has been appointed
as a director of the Bank in place of Shri Amitabh Verma w.e.f. 31.10.2006
representing the Central Government.
Shri A.V. Sardesai
eer S. Jeer. mejosmeeF& Yeewefleke efJe%eeve ceW mveelekeesej SJeb Fbef[eve Fbefmet Dee@He yeQkeme&
kes meef&HeeF[ SmeesefmeS nQ~ Jen Yeejleere efj]peJe& yeQke mes keee&Heeueke efveosMeke kes He ceW
mesJeeefveJe=e DeefOekeejer nQ~ Gvekees kesvere mejkeej eje eer S.kes. KeeQ[ kes mLeeve Hej
efoveebke 27.02.2007 mes yeQke kes efveosMeke kes He ceW efveegkele efkeee ieee nQ~
Shri A.V. Sardesai is a Post Graduate in Sciences (Physics) and also a

Certified Associate of Indian Institute of Bankers. He had retired as the
Executive Director of RBI. He has been appointed by the Central Govt. as
a director of the Bank, in place of Shri A.K. Khound w.e.f. 27.02.2007.
eer keceueefkeMeesj iegHlee JeJemeee mes meveoer uesKeekeej nQ~ Gvns 13.10.2006 mes yeQke kes
DebMekeeefueke DeMeemekeere efveosMeke kes He ceW veeefcele efkeee ieee nw~
Shri Kamal Kishore Gupta is a Chartered Accountant by profession. He

has been nominated as a part time non official director of the Bank w.e.f
13.10.2006.
eer jecesej emeeo
eer jecesej emeeo efJe%eeve (Fbefpeefveeefjbie) ceW mveeleke nQ~ Jen Jele&ceeve ceW nceejer yeermeerHeer ceeie&
MeeKee, Hevee ceW efJeMes<e meneeke kes He ceW keee&jle nQ~ Gvns kesvere mejkeej eje
efoveebke 05.03.2007 mes eer [er. Heer. Heeerue kes mLeeve Hej yeQke kes keeceieej kece&eejer
efveosMeke kes He ceW veeefcele efkeee ieee nw~ Jen yees[& ceW yeQke kes keeceieej meHe meomeeW kes
efnleeW kee eefleefveefOelJe kejles nQ~
Shri Rameshwar Prasad is a Graduate in Science (Engineering). He is

presently working with our BCP Marg Branch, Patna, as a special assistant.
He has been nominated as a Workman Employee Director of the Bank
w.e.f. 05.03.2007 by the Central Government in place of Shri D.P. Patil.
He represents the interests of workmen staff of the Bank on the board.
45
efveosMekeeW kes Deve efJeJejCe

OTHER PARTICULARS OF DIRECTORS
efveosMekeeW kes veece

Name of Directors
1.
9.
10.
11.
Member of
Committees of Board
meome
DeOe#e
Member
Chairman
yeQefkebie
efveosMeke
i) ke=ef<e efJee efveiece
ii) yeerDeesDeeF& Mesejnesefu[bie efue.
iii) vesyekee@vme eeFJes efue.
eyebOe Heefj<eo kes meome
i) Fbef[eve Fbefmet Dee@]He yeQefkebie Sb[
HeeFveWme, cegbyeF&
ii) kee@uespe Dee@He Seerkeueejue yeQefkebie, HegCes
Banking
Director:
0
i) Agricultural Finance Corporation
ii) BOI Shareholding Ltd.
iii) NABCONS Pvt. Ltd.
Governing Council Member
i) Indian Institute of Banking
& Finance, Mumbai
ii) College of Agricultural
Banking, Pune
yeQefkebie SJeb metevee

eeweesefiekeer
i) Fb[es peebefyeee yeQke efue.

ii) SSmeDeejF&meer (Fbef[ee) efue.
iii) yeerDeesDeeF& Mesejnesefu[bie efue.
i) Indo Zambia Bank Ltd
ii) ASREC (India) Ltd.
iii) BOI Shareholding Ltd.
Banking
and
Information
Technology
efve#esHe yeercee Deewj elee ieejber

efveiece
27.02.2007
Banking
efJee Deewj uesKee
meove& Dee@ejve SJeb merue efue. kes yees[&

ceW DeeF&SHemeerDeeF& eje veeefcele efveosMeke
Finance and
Accounting
IFCI Nominee Director

on Board of Southern
Iron & Steels Ltd.
efeefkelmee
yeQefkebie
13.10.2006
100
30.09.2005
Pharma
03.10.2005
Literature
100
25.10.2005
IT, Banking
yeQefkebie
uee@euer mee@uetMeve SC[ efjmee& efue.
Banking
Loyalty Solutions &

Research Ltd.
yeQefkebie
meeefnle
DeeF&.er., yeQefkebie
100
25.10.2005
100
25.06.2005
Banking
05.03.2007
Banking
eer jecesMJej emeeo

Area of
Expertise
yees[& meefceefle kes meome
Administration Deposit Insurance & Credit

Guarantee Corporation
eer Jeer. F&MJejve

Shri V. Eswaran
Directorships
of other Companies
31.10.2006
eer Sce.Sve. ieesHeerveeLe

Shri M.N. Gopinath
Deve kebHeefveeeW ceW efveosMeke Heo

Dr. V.B. Kaujalgi
efJeMes<e%elee kee
#es$e
eMeemeve
[e. Meebleeyesve kes. eeJe[e

Dr. Shantaben K. Chavda
8.
19.05.2006
[e. eYee kes leeefJeee[

Dr. Prabha K Taviad
7.

6.
09.06.2005
eer S.Jeer. mejosmeeF&

Shri A.V. Sardesai
5.
200
eer megosMe kegceej

Shri Sudesh Kumar
4.
Date of
Appointment
as Director
eer kes.Deej. keecele

Shri K.R. Kamath
3.
Holding
of Banks
Equity shares
eer Sce. yeeueebve
2.
yeQke kes F&efkeJeer efveosMeke kes He

MesejeW keer Oeeefjlee ceW efveegefkele keer
leejerKe
yeQefkebie
46
yees[& yewkeeW kee mebeeueve

Je<e& kes oewjeve efvecveefueefKele leejerKeeW kees yees[& keer kegue 11 yewkeW Deeeesefpele keer ieF&
Conduct of Board Meetings

During the year, 11 Board Meetings were held on the following dates:
28.04.2006
30.05. 2006
10.07.2006
26.07. 2006
26.08. 2006
27.10. 2006
04.12. 2006
22.01.2007
14.02. 2007
26.03. 2007
yees[& yewkeeW ceW efveosMekeeW keer GHeefmLeefle kee efJeJejCe efvecveevegmeej nw
11.10. 2006
Details of attendance of the Directors at the Board Meetings are as follows:
GHeefmLeefle kee DeefYeuesKe

Attendance Recorded
Gvekes keee&keeue kes oewjeve

Deeeesefpele yewkeW
Name of Directors
eer Sce. yeeueebve

eer kes. Deej. keecele
eer Heer.Sue. iewjesuee
eer megosMe kegceej
eer S. kes. KeeQ[
eer keceue efkeMeesj iegHlee
[e. eYee kes. leeefJeee[
[e. Heer. keesee
eer leCe Mes
eer Jeer. F&ejve
eer jecesej emeeo
eer oerHeke Heer. Heeerue
11
11
Shri K.R. Kamath
10
10
Shri P.L. Gairola
Shri Sudesh Kumar
Shri Amitabh Verma
Shri A.K. Khound
10
10
Shri A.V. Sardesai
Dr. Prabha K. Taviad
11
Dr. Shanta K. Chavda
11
11
Dr. V.B. Kaujalgi
11
Shri M.N. Gopinath
11
Dr. P.Kotaiah
10
Shri Tarun Sheth
10
Shri V. Eswaran
10
11
Shri Deepak P. Patil
10
Meetings held
during their tenure
yees[& keer eyebOeve meefceefle
Management Committee of the Board :
yees[& keer eyebOeve meefceefle kee ieve yeQkekeejer kebHeveer (GHeeceeW kee Depe&ve Deewj DeblejCe)
DeefOeefveece, 1970 kes eeJeOeeveeW kes Devegmeej efkeee ieee nw Deewj Jen efJeeere mJeerke=efleeeW,
mecePeewleeW/yee Keelee emleeJeeW Deewj Jeeo/DeHeerue oeej kejves Deeefo kes mebyebOe ceW yees[& kees
eeHle meYeer DeefOekeejeW kee eeesie kejleer nw~ eLee efoveebke 31.3.2007 kees Fme meefceefle ceW 6
meome Les efpeveceW DeOe#e SJeb eyebOe efveosMeke, keee&Heeueke efveosMeke, meveoer uesKeekeej
efveosMeke Deewj 3 DebMekeeefueke DeMeemekeere efveosMeke Meeefceue nQ~
The Management Committee of the Board is constituted as per the

provisions of the Banking Companies (Acquisition and Transfer of
Undertakings) Act, 1970 and it exercises all the powers vested in the Board
in respect of financial sanctions, compromises/write off proposals and filing
of suits/appeals etc. As on 31.3.2007 it comprised of 6 members consisting
of the Chairman and Managing Director, Executive Director, Chartered
Accountant Director, and 3 part time non-official Directors.
Je<e& kes oewjeve yees[& keer eyebOeve meefceefle keer efvecveefueefKele leejerKeeW kees 21 yewkeW ngF&
The Management Committee of the Board met 21 times during the year
on the following dates:
12.04.2006
29.04. 2006
20.05.2006
12.06.2006
03.07.2006
26.07.2006
16.08.2006
26.08.2006
11.09.2006
23.09.2006
11.10.2006
27.10.2006
13.11.2006
04.12.2006
21.12.2006
10.01.2007
21.01.2007
09.02.2007
15.02. 2007
07.03. 2007
26.03. 2007
47
eleske meome keer GHeefmLeefle kee DeefYeuesKe efvecveefueefKele Devegmeej nw
Attendance record of the members is shown below:
GHeefmLeefle kee
DeefYeuesKe

Deeeesefpele yewkeW
DeJeefOe (mes-leke)
Name of Directors
eer Sce. yeeueebve

eer megosMe kegceej
eer S.kes. KeeQ[
[e. eYee kes. leeefJeee[
[e. Heer. keesee
eer leCe Mes
eer Jeer. F&ejve
21
21
01.04.2006 to 31.03.2007
Shri K.R. Kamath
17
19
19.05.2006 to 31.03.2007
Shri P.L. Gairola
01.04.2006 to 17.05.2006
Shri Sudesh Kumar
31.10.2006 to 19.02.2007
Shri Amitabh Verma
12
01.04.2006 to 30.10.2006
Shri A.K. Khound
18
19
01.04.2006 to 19.02.2007
Shri K.K. Gupta
10
13.10.2006 to 31.03.2007
Dr. Prabha K.Taviad
11
12
22.07.2006 to 21.01.2007
Dr. Shanta K. Chavda
22.01.2007 to 31.03.2007
Dr. V.B. Kaualjagi
13.03.2007 to 31.03.2007
Shri M.N. Gopinath
11
28.04.2006 to 27.10.2006
Dr. P. Kotaiah
29.10.2006 to 19.02.2007
Shri Tarun Sheth
01.04.2006 to 27.04.2006
Shri V Eswaran
01.04.2006 to 20.07.2006
13.03.2007 to 31.03.2007
Attendance
Record
yees[& keer uesKee Hejer#ee meefceefle

yees[& keer uesKee Hejer#ee meefceefle (Smeeryeer) kee ieve Yeejleere efj]peJe& yeQke kes DevegosMeeW kes
DevegmejCe ceW efveosMeke ceb[ue eje efkeee ieee nw~ Smeeryeer efveosMe osleer nw leLee yeQke kes mebHetCe&
uesKee-Hejer#ee keee& kee Hee&Jes#eCe Yeer kejleer nw~
uesKee Hejer#ee meefceefle ceW 5 meome nesles nQ, DeLee&led keee&Heeueke efveosMeke, keWere mejkeej
eje veeefcele efveosMeke, Yeejleere efj]peJe& yeQke kes veeefceleer efveosMeke Deewj oes iewj mejkeejer
DebMekeeefueke efveosMeke~ eer kes. kes. iegHlee, meveoer uesKeekeej, efveosMeke yees[& keer uesKee
Hejer#ee meefceefle kes Jele&ceeve DeOe#e nQ~ Je<e& kes oewjeve efvecveefueefKele leejerKeeW kees uesKee
Hejer#ee meefceefle keer 08 yewkeW ngF&
28.04.2006
30.05.2006
22.01.2007
25.03. 2007
Meetings held
during their tenure
Period (From To)
Audit Committee of the Board

The Audit Committee of the Board (ACB) has been constituted by the Board
of Directors as per the guidelines of the Reserve Bank of India. The ACB
provides direction and also oversees the total audit functions of the Bank.
The Audit Committee comprises of 5 members viz. Executive Director,
Government Nominee Director, Reserve Bank of India Nominee Director
and 2 non official part time directors. Shri K K Gupta, Chartered
Accountant, is the present Chairman of the Audit Committee of the Board.
During the year, the Audit Committee met 8 times on the following dates:
26.07. 2006
11.10. 2006
eleske meome keer GHeefmLeefle kee DeefYeuesKe efvecveefueefKele Devegmeej nw
27.10. 2006
20.12. 2006
The attendance record of the members is shown below:
GHeefmLeefle kee
DeefYeuesKe

Deeeesefpele yewkeW
DeJeefOe
Period
Name of Directors
Attendance
Record
Meetings held
during their tenure

eer megosMe kegceej
eer S.Jeer. mejosmeeF&
eer S.kes. KeeQ[
[e. Heer. keesee
Shri K.R. Kamath
19.05.2006 to 31.03.2007
Shri P.L. Gairola
01.04.2006 to 17.05.2006
Shri Sudesh Kumar
31.10.2006 to 31.03.2007
Shri Amitabh Verma
01.04.2006 to 30.10.2006
Shri A.V. Sardesai
27.02.2007 to 31.03.2007
Shri A.K. Khound
01.04.2006 to 26.02.2007
Shri K.K. Gupta
13.10.2006 to 31.03.2007
Dr. P. Kotaiah
01.04.2006 to 19.02.2007
Shri M.N. Gopinath
26.03.2007 to 31.03.2007
48

yeQke kes efleceener iewj-uesKee Hejeref#ele HeefjCeeceeW Deewj Je<e& kes uesKee-Hejeref#ele HeefjCeeceeW keer
yees[& keer uesKee Hejer#ee meefceefle eje meceer#ee keer ieeer Deewj yees[& eje Devegceesove efkeS peeves
nsleg Gvekes mece#e emlegle efkeS ieS~
MesejOeejkeeW/efveJesMekeeW keer efMekeeele efveJeejCe meefceefle
meteerkejCe kejej kes Keb[ 49 ceW keeHeexjs efveeb$eCe Hej mesyeer kes efoMeeefveoxMeeW kes
DevegHeeueve ceW MesejeW kes DeblejCe, legueve He$e keer DeeeefHle, ueeYeebMe keer DeeeefHle Fleeefo
mes mebyebefOele efMekeeeleeW kes efveJeejCe kes efueS MesejOeejkeeW/efveJesMekeeW keer Ske efMekeeele
efveJeejCe meefceefle kee ieve efkeee ieee nw~ Je<e& kes oewjeve efveJesMekeeW mes Deye leke eeHle
meYeer efMekeeeleeW/meboYeeX kee Gej efoee ieee/efveHeeee ieee~ efveJesMekeeW keer efMekeeeleW
mebyebefOele peevekeejer eeHle nes peeves kes yeeo eee meele efove kes Deboj nue kej oer peeleer
nQ~ Fme meefceefle ceW keee&Heeueke efveosMeke Deewj oes mJeleb$e efveosMeke nQ~ yeQke kes
MesejOeejke efveosMeke eer Sce.Sve. ieesHeerveeLe Fme meefceefle kes DeOe#e nQ~
eer jepeerJe Yeeefee, kebHeveer meefeJe, kee@Heexjs efveeb$eCe nsleg yeQke kes DevegHeeueve DeefOekeejer
nQ~
Je<e& kes oewjeve efvecveefueefKele leejerKeeW kees meefceefle keer 4 yewkeW Deeeesefpele keer ieF&
30.05.2006
23.09.2006
04.12.2006

Unaudited quarterly results of the Bank and audited results for the year
were reviewed by the Audit Committee of the Board and placed before
the Board of Directors for approval.
Shareholders/Investors Grievance Committee
In compliance of SEBI guidelines on Corporate Governance as provided
in Clause 49 of the Listing Agreement, Shareholders / Investors
Grievances Committee has been constituted, for redressal of the grievances
of the shareholders/ investors with regard to the transfer of shares, nonreceipt of Balance sheet, non-receipt of dividends etc. All the references/
complaints received from the investors during the year have been replied/
redressed till date. Investors grievances are normally attended to within
seven days, on receipt of the relevant information. The Committee
comprises of Executive director and two independent Directors. It is
headed by Shri M.N. Gopinath, Shareholder Director of the Bank.
Shri Rajeev Bhatia, Company Secretary, is the Compliance officer of the
Bank for Corporate Governance.
The Committee met 4 times during the year on the following dates:
30.05.2006
30.03.2007
eleske meome keer GHeefmLeefle kee DeefYeuesKe efvecveefueefKele nw
23.09.2006
04.12.2006
30.03.2007
The attendance record of the members is shown below:
GHeefmLeefle kee
DeefYeuesKe

Deeeesefpele yewkeW
DeJeefOe
Period
Name of Directors
Attendance
Record
Meetings held
during their tenure

eer leCe Mes
Shri K.R. Kamath
19.05.2006 to 31.03.2007
Shri P.L. Gairola
01.04.2006 to 17.05.2006
Shri Tarun Sheth
01.04.2006 to 19.02.2007
Shri M.N. Gopinath
01.04.2006 to 31.03.2007
Dr. V.B. Kaujalgi
26.03.2007 to 31.03.2007
iele Jeeef<e&ke Deece yewke ceW efveosMekeeW keer GHeefmLeefle

efoveebke 10.07.2006 kees Deeeesefpele efHeueer DeLee&led 10 JeeR Jeeef<e&ke Deece yewke ceW
eer Sce. yeeueevve, eer kes.Deej. keecele, eer oerHeke Heer. Heeerue, eer Jeer. F&MJejve,
[e@ eYee leeefJeee[, [e@. (eerceleer) Meebleeyesve kes eeJe[e, GHeefmLele jns~
Mesej DeblejCe Deewj MesejOeejkeeW/efveJesMekeeW keer efMekeeeleeW kee efveJeejCe
Mesej DeblejCe, ueeYeebMe Yegieleeve Deewj efveJesMekeeW mes mebyebefOele Deve meYeer keee&keueeHeeW
Hej keej&JeeF& nceejs Hebpeereke SJeb DeblejCe SpeW kes keeee&uee ceW keer peeleer nw~ FveceW
mes efkemeer omleeJespeeW kees pecee kejves Deewj efkemeer Yeer Hetlee/efMekeeele/keefveeFeeW kes
mebyebOe ceW MesejOeejkeeW SJeb efveJesMekeeW mes efvecveefueefKele Heles Hej jefpemêjeW mes mebHeke& kejves
kee DevegjesOe nw
Mesejees meefJe&mespe, (Fbef[ee) ee. efue., etefve-yeQke Dee@He Fbef[ee, meece Fms,
leermejer cebefpeue, yeQke Dee@He ye[ewoe kes THej, keeef[&veue esefmeeme jes[, ekeeuee,
DebOesjer (HetJe&), cegbyeF&-400 099 Heesve 022-28 215168/69, Hewkeme 022-28375646,
F& cesue sharepro@vsnl.com
DeLeJee
Mesejees meefJe&mespe, (Fbef[ee) ee. efue. efveJesMeke mebHeke& keW, 912, jnspee meWj,
eer-esme peve&ue neGme, vejerceve Hee@Fb, cegbyeF&-400 021.
GHeeg&kele kes DeueeJee efveJesMeke efvecveefueefKele Heles Hej yeQke kes Mesej efJeYeeie mes Yeer mebHeke&
kej mekeles nQ
mej neGme, 8JeeR cebefpeue, HetJe& mkebOe, meer-5, peer yuee@ke, yeebe-keguee& mebkegue,
yeebe (HetJe&), cegbyeF&-400 051 Heesve 022-66684444, Hewkeme 022-66684491,
F& cesue hoshares@bankofindia.co.in
Attendance of the Directors at the last Annual General Meeting

Shri M. Balachandran, Shri K.R. Kamath, Shri Deepak P Patil, Shri V.
Eshwaran, Dr. Prabha K. Taviad, Dr. Shantaben K. Chavda attended the
last i.e. Tenth Annual General Meeting of the Bank held on 10.07.2006.
Share Transfers and Redressal of Shareholders/Investors Grievances
Share Transfers, Dividend / interest payments and all other investor related
activities are attended to and processed at the office of our Registrar and
Transfer Agents. For lodgement of any of these documents and for queries/
complaints /grievances, shareholders and investors are requested to contact
the Registrars at the following address:
Sharepro Services (India) Pvt. Ltd., Unit-Bank of India, Satam Estate,
3rd Floor, Above Bank of Baroda, Cardinal Gracious Road, Chakala,
Andheri (East), Mumbai 400 099 Phone 022-28215168/69,
Fax- 022-28375646, E-mail : sharepro@vsnl.com
OR at
Sharepro Services (India) Pvt. Ltd., Investor Relation Centre, 912, Raheja
Centre, Free Press Journal House, Nariman Point, Mumbai 400 021.
Apart from the above, investors may also contact the Share Department
of the bank at the following address:
Star House, 8 th Floor, East Wing, C-5, G Block, Bandra-Kurla
Complex, Bandra (E), Mumbai 400 051, Phone 022-66684444,
Fax- 022-66684491, E-mail: hoshares@bankofindia.co.in
49
MesejeW kes DeblejCe SJeb nmleeblejCe kees Devegceesefole kejves kee eeefOekeej yeQke kes efveosMekeeW
keer Mesej DeblejCe meefceefle kees eleeeesefpele efkeee ieee nw~ Fme meefceefle ceW yeQke Dee@He
Fbef[ee (Mesej Deewj yewkeW) efJeefveeceve 2003 kes eeJeOeeveeW kes DevegmejCe ceW DeOe#e SJeb
eyebOe efveosMeke leLee Gvekeer DevegHeefmLeefle ceW yeQke kes keee&Heeueke efveosMeke Deewj oes Deve
efveosMeke nesles nQ. Fme meefceefle keer Je<e& kes oewjeve 23 yewkeW ngF~ efoveebke 31.3.2007 leke
DeblejCe nsleg eeHle meYeer Mesej eceeCe He$eeW Hej keej&JeeF& keer ieF& Deewj esef<ele efkeS ieS~
The authority to approve transfer and transmission of shares, is delegated

to a Share Transfer Committee comprising of the Chairman & Managing
Director and in his absence, the Executive Director of the Bank and two
other directors, in terms of the provisions of Bank of India (Shares &
Meetings) Regulations, 2003. The Committee met 23 times during the
year. All the share certificates received for transfer up to 31.03.2007 have
been processed and dispatched.
Deece meYee keer yewkeW General Body Meetings

yewke kee mJeHe
efoveeBke SJeb mecee
mLeeve
Nature of Meeting
Date & Time
Venue
ieejnJeeR Jeeef<e&ke Deece yewke
10.07.2007
Eleventh Annual General Meeting
oesHenj 2.30 yepes
yeQke Dee@]He Fbef[ee Dee@ef[esefjece, mej neGme,

yeebe-keguee& mebkegue, yeebe (HetJe&), cegbyeF& - 400 051.
2.30 P.M.
Bank of India Auditorium, Star House,

Bandra Kurla Complex, Mumbai - 400 051.
omeJeeR Jeeef<e&ke Deece yewke
10.07.2006
jecee Jeetceue Dee@ef[esefjece, kes.meer. kee@uespe, ee&ies, cegbyeF&-400 020.
Tenth Annual General Meeting
oesHenj 2.30 yepes
Rama Watumull Auditorium, K.C. College,
2.30 P.M.
Churchgate, Mumbai 400 020.
leermejer DemeeOeejCe Deece yewke
24.10.2005
Third Extra-Ordinary General Meeting
eele 10.00 yepes
Sce.DeeF&.peer. efekes keueye Dee@ef[esefjece,

Sce.DeeF&.peer. kee@ueveer, yeee (HetJe&), cegbyeF&-400 051.
10.00 A.M.
MIG Cricket Club Auditorium,

MIG Colony, Bandra (E), Mumbai-400 051.
veJeeR Jeeef<e&ke Deece yewke
11.07.2005
Ninth Annual General Meeting
oesHenj 2.30 yepes
mej meesjeyepeer HeeseKeeveJeeuee yeQkeme& eefMe#eCe kee@uespe Dee@ef[esefjece,

pes.Jeer.Heer.[er. mkeerce, efJeues Heeuex (HeefMece), cegbyeF&-400 056.
2.30 P.M.
Sir Sorabji Pochkhanawala Bankers

Training College Auditorium, J.V.P.D. Scheme,
Vile Parle (West), Mumbai 400 056.
DeeJeeR Jeeef<e&ke Deece yewke

Eighth Annual General Meeting
oesHenj 2.30 yepes
mej meesjeyepeer HeeseKeeveJeeuee yeQkeme& eefMe#eCe kee@uespe Dee@ef[esefjece,

pes.Jeer.Heer.[er. mkeerce, efJeues Heeuex (HeefMece), cegbyeF&-400 056.
2.30 P.M.
Sir Sorabji Pochkhanawala Bankers
14.07.2004
Training College Auditorium, J.V.P.D. Scheme,

Vile Parle (West), Mumbai 400 056.
ekeve
Disclosures
yeQke yeQefkebie efJeefveeceve DeefOeefveece 1949, yeQefkebie kebHeveer (GHeeceeW kee Depe&ve Deewj DevlejCe
1970 Deewj je<êreke=le yeQke (eyebOeve SJeb efJeefJeOe eeJeOeeve) eespevee 1970 mes efveebef$ele
neslee nw~ mesyeer ves en mHe< efkeee nw efke meteerke=le mebmLeeSb pees kebHeefveeeb veneR nQ uesefkeve
Deve mebefJeefOeeeW kes Debleie&le efveieefcele efvekeee nQ (GoenjCeeLe& - efvepeer SJeb meeJe&peefveke #es$e
kes yeQke, efJeeere mebmLeeve, yeercee kebHeefveeeb Deeefo) Hej meteerkejCe kejej kee Keb[ 49
kesJeue Gme meercee leke ueeiet nesiee efpeme meercee leke Jen Gvekeer meboYe&iele mebefJeefOe Deewj
Gvekes efveeeceke eeefOekeeefjeeW eje peejer lelmebyebOeer efoMeeefveoxMeeW kee GuuebIeve
ve kejW~
The Bank is governed under the Banking Regulations Act 1949, Banking
Companies (Acquisition and Transfer of Undertakings) Act 1970 and
Nationalised Banks (Management & Miscellaneous Provisions) Scheme
1970. SEBI has clarified that for listed entities which are not companies,
but body corporates (e.g. private and public sector banks, financial
institutions, insurance companies etc.) incorporated under other statutes,
clause 49 of the listing agreement will apply only to the extent that it
does not violate their respective statutes and guidelines issued by the
relevant regulatory authorities.
50

i)
ii)
iii)
iv)
v)
efveosMekeeW kee Heeefjeefceke

DeOe#e SJeb eyebOe efveosMeke leLee keee&Heeueke efveosMeke kee Heeefjeefceke keWere
mejkeej eje efveOee&efjle efkeee peelee nw~ yeQke DeMeemekeere efveosMekeeW kees yewke
Meguke, pees efke efvecveefueefKele nQ, kes DeueeJee Deve efkemeer Heeefjeefceke kee Yegieleeve
veneR kejlee nwyees[& yewke kes efueS
. 5,000/- eefle yewke
meefceefle yewke kes efueS
. 2,500/- eefle yewke
i)
cenJeHetCe& mebJeJenejeW Deewj DeeefLe&ke mebyebOeeW kee ekeve

yeQefkebie keejesyeej keer meeceeve eke=efle kes DeueeJee yeQke ves keesF& cenJeHetCe& Yeewefleke
mebJeJenej Fmekes eJele&keeW, efveosMekeeW DeLeJee eyebOeve, Gvekeer meneeke kebHeefveeeW
DeLeJee mebyebefOeeeW Deeefo mes veneR efkeee nw efpemekee yeQke kes efnleeW mes keesF& cenJeHetCe&
efJejesOeeYeeme nes mekelee nes~ yeQke Deewj Fmekes iewj-keee&Heeueke efveosMeke kes yeere Je<e&
kes oewjeve keesF& DeeefLe&ke mebyebOe DeLeJee mebJeJenej veneR ngS nQ~
yeQke ceW en megmLeeefHeke eJe=efe nw efke efveosMeke, yees[& Deewj yees[& keer GHe meefceefleeeW
keer eee& ceW Yeeie veneR uesles peye Gvemes mebyebefOele ee Gvekes efjMlesoejeW mes mebyebefOele keesF&
ceeceuee yees[& ceW eee&Oeerve neslee nw~
ii)
meeJe&peefveke efveie&ceeW, DeefOekeej efveie&ceeW, DeefOeceeve efveie&ceeW Deeefo keer Deeiece

jeefMeeeb
meceer#eeOeerve Je<e& kes oewjeve yeQke ves FefkeJeer MesejeW kes meeJe&peefveke/DeefOekeej/DeefOeceeve
efveie&ce kes peefjS DeHeves FefkeJeer Hetbpeer ceW Je=ef veneR keer~ leLeeefHe, yeQke ves efvepeer
JeJemLee mes DeOeervemLe $eCe efueS nQ Deewj ceOeeJeefOe vees, HejHesetDeue yeeB[ leLee
DeHHej ejCe II yeeBC[ DeesJejmeerpe GOeej kes ceeOece mes efueS nQ~ Fve efvepeer JeJemLeeDeeW
kes Debleie&le ueer ieF& jkekece Yeejle ceW . 732 kejes[ Deewj DeesJejmeerpe mes etSme
[euej 240 efceefueeve Deewj etSme [e@uej 85 efceefueeve nw~ Fme jkece kees Geves kee
eeLeefceke GsMe Hetbpeer Heee&Hlelee DevegHeele meg{ kejves nsleg ejCe-I Deewj II Hetbpeer
eeHle kejvee Deewj yeQke kes oerIee&JeefOe mebmeeOeveeW kees megOeejvee Lee Deewj Fme jkece kees
Fmeer GsMe kes efueS ueieeee ieee~
iii)
Remuneration of Directors
The remuneration of the Chairman & Managing Director and the
Executive Director is fixed by the Central Government. The Bank
does not pay any remuneration to the independent directors
excepting sitting fees which is as under:
For Board Meetings
: Rs.5,000/- per meeting
For Committee Meetings : Rs.2,500/- per meeting

Disclosure of Material Transactions and Pecuniary Relationship
Other than those in the normal course of banking business, the Bank
has not entered into any materially significant transaction with its
promoters, directors or the management, their subsidiaries or relatives
etc. that may have potential conflict with the interests of the Bank at
large. There was no pecuniary relationship or transactions of the nonexecutive directors vis-a-vis the bank during the year.
It is an established practice in the Bank that Directors do not take part
in the deliberations of the Board and other Sub-Committees of the
Board, when matters relating to them or to their relatives are discussed.
Proceeds From Public issues, Right issues, Preferential issues
etc.
During the year under review the Bank has not increased its equity
capital by way of Public/ Rights Issue or Preferential issue of Equity
Shares. However, the Bank has raised Subordinated debt through
private placement and Medium Term Notes, Perpetual bonds and
Upper Tier II Bonds, through overseas borrowings. The amount
mobilised through these private placements are Rs.732 crore from
India and US$ 240 Mn. and US$ 85 Mn. from overseas. The funds
were raised with the primary objective of augmenting Tier-I & II
Capital for strengthening Capital Adequacy Ratio and for improving
the long- term resources of the Bank and the same were utilised for
the said purpose.
DeeejCe mebefnlee
Yeejleere yeQke mebIe eje Heefjeeefuele efkeS ieS cemeewos kes DeeOeej Hej yeQke ves DeHeves
efveosMekeeW leLee Jeefj< eyebOeve kes efueS Deeeej mebefnlee leweej keer nw~ Fmekee Hee
yeQke keer JesyemeeF www.bankofindia.com Hej GHeueyOe nw~ meceer#eeOeerve Je<e&
kes oewjeve meYeer efveosMekeeW leLee Jeefj< eyebOeve ves Deeeej mebefnlee kes DevegHeeueve nsleg
DeHeveer eefleyelee eke keer nw~
iv)
Code of Conduct
The Bank has formulated a Code of Conduct for the Board of
Directors and Senior Management on the lines of draft circulated
by Indian Banks Association. The text of the same is available on
the website of the Bank i.e. www.bankofindia.com All the Directors
and Senior Management have affirmed their Compliance of code
of conduct during the year under review.
efkemeer Yeer me@ke SkemeeWpe, mesyeer, efvepeer ee Deve JewOeeefveke eeefOekeejer eje meceer#eeOeerve
Je<e& kes oewjeve yeQke Hej Hetbpeer yeepeej mes mebyebefOele efkemeer ceeceues Hej keesF& ob[ ee
eefleyebOe veneR ueieeee ieee~
v)
mebes<eCe kes meeOeve

efleceener Deewj DeOe&Jeeef<e&ke efJeeere HeefjCeece (iewj-uesKee Hejeref#ele Hejbleg meebefJeefOeke uesKee
Hejer#ekeeW keer meceer#ee kes DeOeOeerve) leLee uesKee Hejeref#ele Jeeef<e&ke HeefjCeece Debespeer ceW
Fkee@vee@efceke eFcme/efyepevesme mQ[[&, HeeFveWefMeeue Skemeesme Deewj cejeer (#es$eere Yee<ee)
ceW mekeeue/veJeMeefkele/ueeskecele leLee efnboer Yee<ee ceW veJeYeejle eFcme meceeeej He$eeW ceW
ekeeefMele efkeS ieS~ es HeefjCeece yeQke keer JesyemeeF www.bankofindia.com. Hej Yeer
eoefMe&le efkeS ieS~ mebmLeeiele efveJesMekeeW kees keer ieF& emlegefleeeb Yeer yeQke keer JesyemeeF Hej
GHeueyOe nQ~
No penalties or strictures were imposed on the Bank by any of the

Stock Exchanges, SEBI or any Statutory Authority on any matter
relating to Capital Markets during the year under review.
Means of Communication
The quarterly and half-yearly financial results (unaudited but subject to
limited review by the Statutory Auditors) and audited Annual results
were published in the Economic Times/Business Standard/ Financial
Express in English, Sakal /Navshakti/Lokmat in Marathi (Regional
language) and Navbharat Times in Hindi. The results were also displayed
on the Banks website at www.bankofindia.com. The presentations made
to institutional investors are also available on Banks website.
51
efJeeere kesueQ[j - efJeeere Je<e& 1 Deewue 2007 mes

Financial Calendar: From 1st April, 2007
yeQke Dee@He Fbef[ee kes Jeeef<e&ke uesKee Jeeef<e&ke uesKee Hejeref#ele efJeeere HeefjCeeceeW Hej
efJeeej kejves Deewj ueeYeebMe keer efmeHeeefjMe kejves kes efueS yees[& keer yewke
meesceJeej, 23 Deewue, 2007
Board Meeting for considering Annual Audited

Accounts of Bank of India and recommendation
of dividend
Monday, 23rd April, 2007
ieejnJeeR Deece yewke keer efoveeBke, mecee, mLeeve
cebieueJeej, 10 pegueeF&, 2007, oesHenj 2.30 yepes

yeQke Dee@]He Fbef[ee Deeef[esefjece, HeOeeve keeee&uee, mej neGme,
yeebe-keguee& mebkegue, yeebe (HetJe&), cegbyeF& - 400 051.
Date, Time, Venue of 11th AGM
Tuesday, 10th July, 2007, 2.30 p.m.

Bank of India Auditorium, Star House,
Bandra Kurla Complex, Mumbai - 400 051.
Jeeef<e&ke efjHees& kes [eke es<eCe keer leejerKe
11 mes 15 petve, 2007

11th to 15th June, 2007
Posting of Annual Report
yener yebo kejves keer leejerKeW

Book Closure dates
4 pegueeF& mes 10 pegueeF&, 2007

4th July to 10th July, 2007
Hejes#eer Heece& eeHle nesves keer Debeflece leejerKe
iegJeej, 5 pegueeF&, 2007
Last Date for receipt of proxy forms
Thursday, 5th July, 2007
ueeYeebMe kes Yegieleeve keer leejerKe (eefo Ieesef<ele ngDee)

Date of payment of dividend (if Declared)
6 Deiemle, 2007
6th August, 2007
eLece 3 efleceeefneeW kes efueS iewj-uesKee Hejeref#ele

HeefjCeece Hej efJeeej kejves kes efueS yees[& keer yewke
mebyebefOele efleceener kes Deieues ceen kee

Debeflece meHleen
Board Meeting for considering

Un-audited results for first 3 quarters
Last week of the succeeding month

of the relevant quarter.
me@ke SkemeeWpeeW ceW meteerkejCe

Listing on Stock Exchanges
yeQke kes MesejeW kee cegbyeF& me@ke SkemeeWpe efue., Yeejleere je<êre me@ke SkemeeWpe efue. ceW meteerkejCe efkeee ieee nw~ me@ke efmeHe ket efvecveefueefKele Devegmeej nwThe shares of the Bank are listed on The Mumbai Stock Exchange Ltd. and The National Stock Exchange of India Limited. The stock scrip codes are as
follows:
oer cegbyeF& me@ke SkemeeWpe efue. (yeerSmeF&)
The Mumbai Stock Exchange Ltd. (BSE)
532149
vesMeveue me@ke SkemeeWpe Dee@He Fbef[ee efueefces[ (SveSmeF&)
National Stock Exchange of India Limited (NSE)
BANKINDIA EQ
DeeF&SmeDeeF&Sve eceebke
ISIN Number
INE084A01016
Gkele oesveeW me@ke SkemeeWpeeW kees Je<e& 2007-2008 kes efueS Jeeef<e&ke meteerkejCe Meguke kee Yegieleeve kej efoee ieee nw~
Annual listing fee for 2007-2008 has been paid to both the stock exchanges.
yeQke ves mecee-mecee Hej Jeeve He$e kes mJeHe ceW DeHeefjJele&veere yeeB[ (ejCe II Hetbpeer) peejer efkees nQ. Gmemes mebyebefOele yeesje efvecveefueefKele Devegmeej nw
The Bank has issued Non Convertible Bonds in the nature of Promissory Notes (Tier II capital) from time to time. The relevant details thereof are as under:
52

yeQke Dee@He Fbef[ee yeeB[ ejCe II Hetbpeer efmLeefle eLee 31.03.2007
BANK OF INDIA BONDS TIER II CAPITAL POSITION AS ON 31.03.2007
e=bKeuee kee veece
kegue cetue
(. kejes[ ceW)
PARTICULARS OF THE ISSUE
DeeF&SmeDeeF&Sve veb.
TOTAL VALUE
(Rs. in Crores)
ISIN NO.
11.95% yeesDeesDeeF&
e=bKeuee II-2007 *
11.95% BOI SERIES II-2007 *
200.00
DeeF&SveF& INE084A08011
9.20% yeesDeesDeeF& e=bKeuee III-2007#
9.20% BOI SERIES III-2007#
160.00
7.25% yeesDeesDeeF& e=bKeuee IV-2010
7.25% BOI SERIES IV-2010
450.00
5.88% yeesDeesDeeF& e=bKeuee V-2014
5.88% BOI SERIES V-2014
350.00
5.90% yeesDeesDeeF& e=bKeuee VI-2014
5.90% BOI SERIES VI-2014
200.00
7.10% yeesDeesDeeF& e=bKeuee VII-2014
7.10% BOI SERIES VII-2014
300.00
7.50% yeesDeesDeeF& e=bKeuee VIII-2014
7.50% BOI SERIES VIII-2014
750.00
8.00% yeesDeesDeeF& e=bKeuee IX 2016
8.00% BOI SERIES IX 2016
200.00
9.35% DeHHej ejCe II e=bKeuee I-2021
9.35% UPPER TIER II SERIESI-2021
732.00
kegue
TOTAL
3342.00
* Hej eefleoeve Redeemed on 12.04.2007
# Hej eefleoeve Redeemed on 08.05.2007
Fve meYeer yeeB[eW kee vesMeveue me@ke SkemeeWpe Fb.efue. ceW meteerkejCe efkeee ieee nw leLee yeQke All these bonds are listed on National Stock Exchange of India Ltd and
the Bank has paid the Annual listing fee for 2007-2008 to the Stock
ves me@ke SkemeeWpe kees Je<e& 2007-2008 kee Jeeef<e&ke meteerkejCe Meguke Deoe efkeee nw~
Exchange.
ceOeeJeefOe vees (SceerSve) peejer kejvee

meceer#eeOeerve Je<e& kes oewjeve 240 efceefueeve etSme [e@uej kes DeHej ejCe II yeeB[ leLee
85 efceefueeve etSme [e@uej kes neFefye[ ejCe I Hetbpeer yeeB[ kes He ceW efJeosMeer yeepeej ceW
ceOeeJeefOe vees peejer kejkes yeQke ves efveefOe pegeF& nw~ en SceerSve efmebieeHegj Mesej yeepeej ceW
meteerye nw~
Issue of Medium Term Note (MTN)

During the year under review, the Bank has raised funds through issue of
Upper Tier II Bonds of US $ 240 million and Hybrid Tier I capital Bonds
of US $ 85 million in the form of Medium Term Notes in Overseas
market. These MTNs are listed on Singapore Stock Exchange.
MesejeW kee DecetleeakejCe

yeQke kes MesejeW kee uesve-osve DeefveJeee& He mes kesJeue Decetle& (ef[ces) He ceW efkeee peelee
nw~ yeQke ves MesejeW kes DecetleeakejCe kes efueS oesveeW efve#esHeeieejeW eLee je<êre eefleYetefle
efve#esHeeieej efue. (SveSme[erSue) SJeb keWere efve#esHeeieej mesJeeSB (Fbef[ee) efue. (meer[erSmeSue)
kes meeLe mecePeewlee efkeee nw~
Dematerialisation of Shares
The Banks shares are being traded compulsorily in Demat form only.
The Bank has entered into agreements with both the Depositories viz.
National Securities Depositories Ltd. (NSDL) and Central Depository
Services (India) Ltd. (CDSL) for dematerialization of shares.
MesejOeejkeeW eje eLee efoveebke 31/03/2007 kees ele#e SJeb Decetle& He ceW Oeeefjle
MesejeW kee yeewje Fme ekeej nw
cetle&/ele#e
SveSme[erSue
meer[erSmeSue
kegue
Particulars of shares in Demat and Physical form held by the

shareholders as of 31/03/2007 are as under:
MesejOeejkeeW keer mebKee
MesejeW keer mebKee
MesejOeejCe kee %
No. of share holders
No. of shares
% shareholding
Physical *
155278
363052185
74.49
NSDL
55521
120994720
24.82
CDSL
14548
3354895
0.69
Total
225347
487401800
100.00
* keW mejkeej eje Oeeefjle Mesej 338580000 (69.47%) meefnle~

* includes 338580000 shares (69.47%) held by the Central Government.
53

eLee efo. 31.03.2007 kees MesejOeeefjlee kee mJeHe
SHAREHOLDING PATTERN AS ON 31.03.2007

(I) (ke) MesejOeeefjlee mJeHe oMee&vesJeeuee efJeJejCe
(I) (a) Statement showing Shareholding Pattern
eJeie&
ket
MesejOeejke kee eJeie&
Category of Shareholders
Category
Code
MesejOeejkeeW
keer mebKee
MesejeW keer
mebKee
ef[ces mJeHe
ceW MesejeW
keer mebKee
kegue MesejeW keer mebKee kee

kegue MesejOeeefjlee
kee eefleMele
Number of
Shareholders
Total No.
of shares
Number of
shares held
in demated
form
Total shareholding as
a percentage of total
number of shares
kes eefleMele kes He ceW
As a percentage of
(ke+Ke)1 (ke+Ke+ie)
(A+B)1
(A+B+C)
(A)
eJele&ke Deewj eJele&ke mecetn

keer MesejOeeefjlee
Shareholding of Promoter
and Promoter Group
(1)
Yeejleere
Indian
(a)
Jeefkeleiele/efn.De.He.
Individuals/H.U.F
0.00
0.00
(b)
kesv/jepe mejkeej
Cental/State Government(s)
338580000
69.47
69.47
(c)
keejHeesjs efvekeee
Bodies Corporate
(d)
efJeeere mebmLeeve/yeQke
Financial Institutions/Banks
(e)
keesF& Deve (efveefo&< kejW)
Any Other (specify)
GHe-pees[ (ke)(1)
Sub - Total (A)(1)
338580000
69.47
69.47
(2)
efJeosMeer
Foreign
(a)
DeefveJeemeer Jeweefkeleke/efJeosMeer veeiejerke
Non Resident Individuals/

Foreign Nationals
(b)
keejHeesjs efvekeee
Bodies Corporate
(c)
mebmLeeve
Institutions
(d)
Any Other (specify)
GHe-pees[ (ke)(1)
Sub - Total (A)(2)
0.00
0.00
eJele&ke Deewj eJele&ke mecetn keer

kegue Oeeefjlee
(ke)=(ke)(1)+(ke)(2)
Total holding of Promoter and

Promoter Group
(A)=(A)(1)+(A)(2)
338580000
69.47
69.47
(B)
meeJe&peefveke MesejOeeefjlee
Public Shareholding
(1)
mebmLeeve
Institutions
(a)
cetegDeue Heb[/eterDeeF&
Mutual Fund/UTI
27
13030861
13030061
2.67
2.67
(b)
efJeeere mebmLeeve/yewbke
Financial Institutions/Banks
23
231001
230101
0.05
0.05
54

eJeie&
ket
MesejOeejke kee eJeie&

Category of Shareholders
Category
Code
MesejOeejkeeW
keer mebKee
MesejeW keer
mebKee
ef[ces mJeHe
ceW MesejeW
keer mebKee

kegue MesejOeeefjlee
kee eefleMele
Number of
Shareholders
Total No.
of shares
Number of
shares held
in demated
form
Total shareholding as
a percentage of total
number of shares
kes eefleMele kes He ceW
As a percentage of
(ke+Ke)1 (ke+Ke+ie)
(c)
kesv/jepe mejkeej
Central/State Government(s)
(d)
Gece Hetbpeer efveefOe
Venture Capital Funds
(e)
yeercee kebHeefveeeB
(f)
(A+B)1
(A+B+C)
1250
1250
0.00
0.00
Insurance Companies
10
14084113
14084113
2.89
2.89
efJeosMeer mebmLeeiele efveJesMeke
Foreign Institutional Investors
88
75212039
75205439
15.43
15.43
(g)
efJeosMeer Gece Hetbpeer efveJesMeke
Foreign Venture Capital Investors
(h)
keesF& Deve (efJeosMeer yeQke)
Any Other (Foreign Banks)
0.00
0.00
GHe-pees[ (Ke)(1)
Sub-Total (B)(1)
(2)
iewj mebmLeeve
Non Institutions
(a)
keejHeesjs efvekeee
Bodies Corporate
(b)
Jeefkeleiele
Individuals
i)
ii)
(c)
(C)
HeS 1 ueeKe leke meeceeve

Mesej Hetbpeer Oeejke
i) Holding nominal share

capital up to Rs. 1 lakh
HeS 1 ueeKe mes DeefOeke meeceeve

Mesej Hetbpeer Oeejke
ii) Holding nominal share capital
in excess of Rs. 1 lakh.
149
102559264
102550964
21.04
21.04
1613
4652968
4126868
0.95
0.95
222393
36475499
13966114
7.48
7.48
49
1333915
1264615
0.28
0.28
383000
102800
0.08
0.08
1134
3417154
2338254
0.70
0.70
225197
46262536
21798651
9.49
9.49
Any Other (specify)
DeesJejmeerpe keejHeesjs efvekeee
Overseas Corporate Bodies
DeefveJeemeer Jeefkeleiele
Non Resident Individuals
GHe-pees[ (Ke)(2)
Sub-Total (B)(2)
kegue meeJe&peefveke MesejOeeefjlee
Total Public shareholding
(ke)=(ke)(1)+(ke)(2)
(B)=(B)(1)+(B)(2)
225346
148821800
124349615
30.53
30.53
kegue (ke)+(Ke)
TOTAL (A)+(B)
225347
487401800
124349615
100.00
100.00
kemesef[eve eje Oeeefjle Mesej

Deewj efpemekes efJe ef[Hee@efpejer
jmeeroW peejer keer ieF& nw
Shares held by Custodians

0
0.00
0.00
kegue pees[ (ke)+(Ke)+(ie)
GRAND TOTAL (A)+(B)+( C)
225347
487401800
124349615
100.00
100.00
and against which Depository

Receipts have been issued
55

(I) (Ke) `èJele&ke Deewj eJele&ke mecetn'' eJeie& mes mebyebefOele JeefkeleeeW keer MesejOeeefjlee oMee&vesJeeuee efJeJejCe
(I) (b) Statement showing Shareholding of persons belonging to the category
`èJele&ke SJeb eJele&ke mecetn''

Promoter and Promoter Group
e.meb.
MesejOeejke kee veece
Sr.
No.
Name of the shareholder
Yeejle kes je<^Heefle

PRESIDENT OF INDIA
MesejeW keer mebKee

eefleMele Mesej
(DeLee&le GHeeg&kele Hewje (1)
(ke) kes efJeJejCe kes Devegmeej
(ke)+(Ke)+(ie) kee kegue pees[)
Number of
shares
Shares as a percentage
of total number of
shares (i.e. Grand total
of (A)+(B)+(C) indicated
in statement at para
(I)(a) above)
338580000
69.47
338580000
69.47

eefleMele Mesej
(DeLee&le GHeeg&kele Hewje (1)
kegue
Total
(I) (ie) `èJele&ke Deewj eJele&ke mecetn'' eJeie& mes mebyebefOele JeefkeleeeW keer MesejOeeefjlee oMee&vesJeeuee
(I) (c) Statement showing Shareholding of persons belonging to the category
efJeJejCe
kegue Mesejes ceW mes 1 eefleMele mes DeefOeke Mesej OeejCe kejvesJeeues ``Jeefkele''
Public and holding more than 1% of the total number of shares
e.meb.
MesejeW keer mebKee
Sr.
No.
Name of the shareholder
Number of
shares
Shares as a percentage
of total number of
shares (i.e. Grand total
of (A)+(B)+(C) indicated
in statement at para
(I)(a) above)
cee@ie&ve mwveues Sb[ keb. Fbjve@Meveue efue.

12362008
2.54
10660809
2.19
7885314
1.62
6903375
1.42
MORGAN STANLEY AND CO INTERNATIONAL LTD

2
etyeerSme efmekeegefjefpe SefMeee efue. Keelee efmJeme HeeFveevme

UBS SECURITIES ASIA LTD A/C: SWISS FINANCE
Yeejleere peerJeve yeercee efveiece

LIFE INSURANCE CORPORATION OF INDIA
yeerSceSHe-yeQke yeerme-FvJesmceW
BMF - BANK BEES - INVESTMENT
kegue
Total
37811506
56
7.77
(I) (Ie) uee@ke efkeS ieS MesejeW kes yeewjs oMee&vesJeeuee efJeJejCe
(I) (d) Statement showing details of locked-in shares
e.meb.
uee@ke efkeS ieS MesejeW

keer mebKee

uee@ke efkeS ieS MesejeW kee
eefleMele (DeLee&le GHeeg&kele Hewje (1)
Number of
locked-in
shares
Locked-in shares as a
percentage of total
number of shares
{i.e.Grand Total of
(A)+(B)+(C) indicated
in Statement at para
(I)(a) above}
Metve NIL
Metve NIL
Sr. No. Name of the shareholder
Metve NIL
(II) (ke)
ef[Hee@efpejer jmeeroeW ([erDeej) kes yeewjs oMee&vesJeeuee efJeJejCe
(II) (a) Statement showing details of Depository Receipts (DRs)
e.meb.
Sr. No.
yekeeee [erDeej kee

mJeHe
(S[erDeej, peer[erDeej,
Sme[erDeej Deeefo)
yekeeee [erDeej keer

mebKee
yekeeee [erDeej kes He ceW

He[s ngS MesejeW keer mebKee
kegue MesejeW keer mebKee kee eefleMele [erDeej kes

He ceW yekeeee He[s Mesej (DeLee&led GHeeg&kele Hewje (1)
Type of
outstanding DR
(ADRs, GDRs,
SDRs. Etc.)
Number of
outstanding
DRs
Number of
shares
underlying
outstanding
DRs
Shares underlying
outstanding DRs as a
percentage of total number of
shares {i.e.Grand Total of
(A)+(B)+(C) indicated in
Statement at para (I)(a) above
Metve NIL
Metve NIL
Metve NIL
Metve NIL
(II) (ke) OeejCe keer ngF& ef[Hee@efpejer jmeeroW ([erDeej) oMee&vesJeeuee efJeJejCe
(II) (a) Statement showing holding of Depository Receipts (DRs)
peneb Hej kegue MesejeW kes 1% mes DeefOeke Mesej He[s ngS nQ
where underlying shares are in excess of 1% of the total number of shares
e.meb.
Sr. No.
[erDeej Oeejke kee veece
yekeeee [erDeej
kee mJeHe
(S[erDeej, peer[erDeej
Sme[erDeej Deeefo)
yekeeee He[s ngS

[erDeej MesejeW keer mebKee
kegue MesejeW keer mebKee kee eefleMele [erDeej kes

He ceW yekeeee He[s Mesej (DeLee&led GHeeg&kele Hewje (1)
Name of the
DR holder.
Type of
outstanding
DR
(ADRs,
GDRs,
SDRs. etc.)
Number of
shares
underlying
outstanding
DRs
Shares underlying
outstanding DRs as a
percentage of total number of
shares {i.e. Grand Total of
(A)+(B)+(C) indicated in
Statement at para (I)(a) above
Metve NIL
57

eLee efoveeBke 31 ceee&, 2007 kees MesejOeeefjlee kee mebefJelejCe
Distribution of Shareholdings as on 31st March, 2007
Oeeefjle FefkeJeer MesejeW keer mebKee
Heesefueees Folio
Mesej Shares
mebKee Nos.
eefleMele %
mebKee Nos.
eefleMele %
Up to 500 leke
218028
96.75
30489998
6.26
501 mes to 1000
5214
2.31
3682034
0.76
1001 mes to 5000
1651
0.74
3511398
0.72
5001 mes to 10000
181
0.08
1363447
0.28
10001 SJeb
273
0.12
448354923
91.98
225347
100.00
487401800
100.00
DeefOekelece
vetvelece
MesejeW kes uesve-osve

keer cee$ee
Highest
Rs.
Lowest
Rs.
Volume of
shares traded
No. of Equity Shares held
Fmemes DeefOeke & above
kegue Total
Mesej cetue/cee$ee
Share Price/Volume
SveSmeF& ceW ceeefmeke He mes Ge SJeb efvecve YeeJe (keessMeve) SJeb MesejeW kes uesve-osve keer cee$ee efvecveevegmeej nwThe monthly high and low quotation and the volume of Shares traded on NSE are as under:
DeJeefOe
Period
Deewue, 2006
ceF&, 2006
petve, 2006
pegueeF&, 2006
Deiemle, 2006
efmelebyej, 2006
Deketyej, 2006
veJebyej, 2006
efomebyej, 2006
peveJejer, 2007
HejJejer, 2007
ceee&, 2007
eLee 31.03.2007 kees uesKee yeboer cetue
yeepeej HetbpeerkejCe
April, 2006
139.75
115.00
19827321
May, 2006
156.45
111.45
34893529
June, 2006
119.00
93.05
19414703
July, 2006
131.95
79.65
29100276
August, 2006
147.40
106.10
40256921
September, 2006
166.40
131.00
33716978
October, 2006
175.60
145.10
36474264
November, 2006
203.70
171.20
49738632
December, 2006
212.40
158.50
45394149
January, 2007
220.00
182.20
36271595
February, 2007
225.00
151.25
30438389
March, 2007
181.25
131.75
51912615
. Rs. 167.80 (SveSmeF& NSE)

. Rs. 8179 kejes[ Crore
Closing Price as on 31.03.2007

Market Capitalisation
JeeHekelee DeeOeejJeeues mebkeslekeeW keer leguevee ceW keee&efve<Heeove

Performance in Comparison to Broad Bases Indices
yeQke Dee@He Fbef[ee kee Mesej cetue leLee efveHeer
yeQke Dee@He Fbef[ee kee Mesej cetue SJeb yeQke efveHeer
BANK OF INDIA SHARE PRICE AND NIFTY

Ssefleneefmeke me@ke ee& Historical Stock Chart
23/03/2007
Price: 156.55
210.00
BANK OF INDIA SHARE PRICE AND BANK NIFTY
BANK NIFTY : 5288.40
BANKINDIA, S&P CNX NIFTY
23/02/2007
Price: 157.45
S&P CNX NIFTY : 3938.95
BANKINDIA, S&P CNX NIFTY
6330.95
210.00
197.00
6040.65
197.00
4065.15
184.00
5750.35
184.00
3906.00
171.00
5460.05
171.00
3746.85
158.00
5169.75
158.00
3587.70
145.00
4879.45
145.00
3428.55
132.00
4589.15
132.00
3269.40
119.00
4298.85
119.00
3110.25
106.00
4008.55
106.00
2951.10
93.00
3718.25
93.00
3427.95
80.00
80.00
Price
03/04/2006
BANK NIFTY
14/06/2006
22/08/2006
01/11/2006
11/01/2007
30/03/2007
2791.95
Price
03/04/2006
58
4224.30
2632.80
S&P CNX NIFTY

14/06/2006
22/08/2006
01/11/2006
11/01/2007
30/03/2007
keeHeexjs efveeb$eCe kesDeefveJeee& DevegyebOe kes DevegHeeueve kee eceeCeHe$e
Certificate of compliance of mandatory stipulations of Corporate

Governance
Mesej yeepeej kes meeLe meteerkejCe kejej keer MeleeX kes Devegmeej DeefveJeee& DevegyebOe kes
DevegHeeueve mes mebyebefOele yeQke kes meebefJeefOeke uesKee Hejer#ekeeW kes eje peejer eceeCeHe$e mebueive
efkeee ieee nw~
Jele&ceeve ceW yeQke ves meteerkejCe kejej kee KeC[ 49 kes Devegueiveke 1 [er ceW efveefo&< iewj
DeefveJeee& DeHes#eeDeeW kees mJeerkeej veneR efkeee nw~
DeeYeej
yees[& Yeejle mejkeej, Yeejleere efj]peJe& yeQke SJeb Yeejleere eefleYetefle Deewj efJeefvecee
yees[& eje efoS ieS cenlJeHetCe& ceeie&oMe&ve SJeb meneelee kes efueS Gvekes eefle DeHevee
DeeYeej eke kejlee nw~ eer Heer. Sue. iewjesuee (HetJe& keee&Heeueke efveosMeke),
eer DeefceleeYe Jecee&, eer S. kes. KeeQ[, eer Heer. keeswee, eer leCe Mes Deewj
eer oerHeke Heer. Heeerue, yeQke kes meYeer efveosMekeeW efpevneWves Je<e& kes oewjeve efveosMeke
Heo OeejCe efkeee, yees[& Gvekeer mesJeeDeeW Deewj eesieoeveeW kes efueS DeeYeej Jekele
kejles ngS en DeefYeuesKe kejlee nw~ yees[& efJeeere mebmLeeveeW SJeb mebHekeea yeQkeeW
kees Yeer Gvekes eje efoS ieS meneesie SJeb meneelee kes efueS OeveJeeo oslee
nw~ yees[& DeHeves eenkeeW Deewj MesejOeejkeeW kes YejHetj meneesie kes eefle DeeYeej
Jekele kejlee nw SJeb yeQke kes mecee keee&efve<Heeove kes efueS DeHeves meHe meomeeW
eje meceefHe&le mesJeeDeeW Deewj meneesie kes efueS Gvekeer mejenvee kejlee nw~
The certificate issued by the statutory auditors of the Bank, regarding

compliance of mandatory stipulations of corporate governance in terms
of the listing agreement with the Stock Exchange is attached.
The Bank has presently not adopted the non-mandatory requirements set
out in Annexure-1D to the Clause 49 of the Listing Agreement.
ACKNOWLEDGEMENTS
The Board expresses its gratitude to the Government of India, Reserve
Bank of India and Securities and Exchange Board of India for the valuable
guidance and support received from them. The Board places on record its
deep appreciation for the services and contributions made by Shri P.L.
Gairola (ex-Executive Director), Shri Amitabh Verma, Shri A.K. Khound,
Shri P. Kotaiah, Shri Tarun Sheth and Shri Dipak P. Patil, all Directors of
the Bank, who have relinquished office during the year. The Board also
thanks financial Institutions and correspondent banks for their co-operation
and support. The Board acknowledges the unstinted support of its
customers, shareholders and also wishes to place on record its appreciation
for all staff members, for their dedicated services and contribution to the
overall performance of the Bank.
yees[& kes efveosMekeeW kes efueS SJeb Gvekeer Deesj mes

mLeeve cegbyeF&
efoveebke 23.4.2007
For and on behalf of the Board of Directors

Place: Mumbai
Date: 23.4.2007
59
keeHeexjs efveeb$eCe Hej uesKee Hejer#ekeeW kee HeceeCeHe$e

AUDITORS CERTIFICATE ON CORPORATE GOVERNANCE
Heefle,
meomeieCe,
yeQke Dee@]He Fbef[ee,
mej neGme, meer - 5, peer - yuee@ke,
yeebe-keguee& mebkegue, yeebe (Het.),
cegbyeF& - 400 051.
To The Members of
Bank of India,
Star House, C- 5, G Block,
Bandra-Kurla Complex,
Bandra (E), Mumbai - 400 051.
yeQke Dee@]He Fbef[ee kes meeLe me@ke SkemeeWpe kes meteerkejCe kejej kes Keb[ 49 ceW eLee
efJeefveefo&< keeHees&js efveeb$eCe keer eleeX kee 31 ceee& 2007 kes Je<e& kes efueS yeQke eje
efkeS DevegHeeueve kee nceves Hejer#eCe efkeee nw~
We have examined the compliance of conditions of Corporate

Governance by Bank of India for the year ended 31st March, 2007 as
stipulated in clause 49 of the listing agreement of the said Bank with
stock exchanges.
keeHeexjs efveeb$eCe keer eleeX kee DevegHeeueve mebyebefOele HeyebOeve Jeie& keer efpeccesoejer nw~
keeHeexjs efveeb$eCe keer elees kee DevegHeeueve megefveefele kejves kes efueS yeQke eje Debieerke=le
keee&HeCeeueer leLee Gmekes keeee&vJeeve leke nceeje Hejer#eCe meerefcele nw~ en uesKee
Hejer#ee veneR Deewj ve ner yeQke kes efJeeere efJeJejCe Hej cele Heoe&ve nw~
The compliance of conditions of corporate governance is the

responsibility of the Management. Our examination was limited to
procedures and implementation thereof, adopted by the Bank for
ensuring the compliance of the conditions of corporate governance.
It is neither an audit nor an expression of opinion on the financial
statements of the Bank.
nceejer jee ceW Deewj nceejer eLee metevee kes DeeOeej Hej Deewj nceW efoS ieS mHe<erkejCeeW
kes Degvemeej nce HeceeefCele kejles nQ efke eLeeskele meteerkejCe kejej ceW eLee efJeefveefo&<
keeHeexjs efveeb$eCe keer eleeX kee yeQke ves DevegHeeueve efkeee nw~
In our opinion and to the best of our information and according to the
explanations given to us, we certify that the Bank has complied with
the conditions of corporate governance as stipulated in the above
mentioned Listing Agreement.
Yeejleere meveoer uesKeekej mebmLeeve eje peejer ceeie&oe&ve efHHeCeer keer DeHes#eevegmeej nceW
en kenvee nw efke esejOeejke leLee efveJeseke efekeeele efveJeejCe meefceefle eje jKes
ieS efjkee[& kes Devegmeej yeQke kes efKeueeHe Ske ceen mes DeefOeke DeJeefOe leke Ske Yeer
efveJeseke DeefveCeeale veneR nw~
As required by the Guidance Note issued by the Institute of Chartered

Accountants of India, we have to state that no investor grievance is
pending for a period exceeding one month against the Bank as per the
records maintained by the Shareholders and Investors Grievance
Committee.
nce en Yeer kenles nQ efke en DevegHeeueve yeQke keer YeeJeer ueeYeHeolee kes yeejs ceW Deewj
efpeme o#elee Deewj HeYeeJeeeruelee mes HeyebOeveJeie& ves yeQke kes keee&keueeHeeW kee mebeespeve
efkeee nw Gmekes yeejs ceW Deeeemeve veneR nQ~
We further state that such compliance is neither an assurance as to the

future viability of the Bank nor the efficiency or effectiveness with
which the Management has conducted the affairs of the Bank.
ke=les yeer. Deej. censejer Sb[ keb.

meveoer uesKeekeej
DeMeeske ie[esef[ee
Yeeieeroej
meome mebKee 83863
ke=les ekegj, JeweveeLe Deej Sb[ keb.

meveoer uesKeekeej
kes. Sve. iegHlee
Yeeieeroej
meome mebKee 9169
For B.R. Maheswari & Co. For Thakur, Vaidyanath Aiyar & Co.
Chartered Accountants
Ashok Gadodia
Partner
Membership NO. 83863
K. N. Gupta
Partner
Membership NO. 9169
ke=les yendcewee Sb[ keb.

meveoer uesKeekeej
Sve. eer ke=<Cee
Yeeieeroej
meome mebKee 26575
ke=les kes. Sve. iegiegefee Sb[ keb.

meveoer uesKeekeej
yeer.kes. Yetefee
Yeeieeroej
meome mebKee 59363
For Brahmayya & Co.

For K.N. Gutgutia & Co.

N. Sri Krishna
Partner
B. K. Bhutia
Partner
ke=les efce$ee kegb[g Sb[ yeemeg

meveoer uesKeekeej
Sme. oeme
Yeeieeroej
meome mebKee 51391
cegbyeF&
23 DeHewue, 2007
ke=les yeesjkej SC[ cegpegceoej

meveoer uesKeekeej
yeer.Sce. DeeJeeue
Yeeieeroej
meome mebKee 33254
For Mitra Kundu & Basu.

For Borkar & Muzumdar

S. Das
Partner
B.M. Agarwal
Partner
Mumbai :
23th April, 2007
60
legueve He$e
ueeYe SJeb neefve uesKee
vekeo eJeen efJeJejCeer
Deewj
uesKee Hejer#ekeeW keer efjHees&
2006-07
Balance Sheet
Profit & Loss Account
Cash Flow Statement
and
Auditors' Report
2006-07
61
31 ceee&, 2007 keer efmLeefle kes Devegmeej legueve-He$e

BALANCE SHEET AS AT 31st MARCH, 2007
(000s es[s
Devegmeteer mebKee
Shedule
No
I.
II.
Hetbpeer Deewj oseleeSb
Hetbpeer
Deejef#eefleeeB Deewj DeefOees<e
peceejeefeeeB
GOeej
Deve oseleeSB leLee HeeJeOeeve
pees[
DeeefmleeeB
vekeoer Deewj es<e

Yeejleere efj]peJe& yeQke ceW
yeQkees ceW es<e Deewj ceebie Hej
leLee DeuHe metevee Hej HeeHe Oeve
efveJese
Deefiece
Deeue DeeefmleeeB
Deve DeeefmleeeB
pees[
Deekeefmcele oseleeSB
Jemetueer kes efueS efyeue
I.
CAPITAL AND LIABILITIES

Capital
Reserves & Surplus
Deposits
Borrowings
Other Liabilities and Provisions
1
2
3
4
5
ASSETS
Cash and balances with
Reserve Bank of India
Balances with Banks and
money at call and short notice
Investments
Advances
Fixed Assets
Other Assets
4881419
44957464
939320317
58939102
74644442
1416369913
1122742744
71968894
55884159
7
8
9
10
11
102086456
354927618
849358944
7892954
30135047
58575686
317817542
651737444
8099659
30628254
1416369913
1122742744
898946410
93449566
828104962
61540547
TOTAL
Contingent Liabilities
Bills for Collection
eLee As at
31-03-2006
. (Rs.)
4881420
54072333
1198817362
66208269
92390529
TOTAL
II.
eLee As at
31-03-2007
. (Rs.)
ieS nQ Omitted)
12
THej yeleeF& ieF& DevegmetefeeeB legueve-He$e kee DeefYevve Debie nQ~

The Schedules referred to above form an integral part of the Balance Sheet.
yeQkekeejer efJeefveeceve DeefOeefveece keer 1949 leermejer Devegmeteer kes Heece& `S' kes Devegmeej legueve-He$e leweej efkeee ieee nw~
The Balance Sheet has been prepared in conformity with Form A of the Third Schedule to the Banking Regulation Act, 1949.
efveoseke
DIRECTORS
Sce. yeeueebve
DeOe#e SJeb HeyebOe efveoseke
megosMe kegceej
Sudesh Kumar
S.Jeer. mejosmeeF&
A. V. Sardesai
Rameshwar Prasad
M. Balachandran
Jeer. F&MJejve
V. Eswaran
kes.kes. iegHlee
K. K. Gupta
[e@. eYee leeefJeee[
[e@. Meebleeyesve eeJe[e
[e@. Jeer. yeer. keewpeeueieer
kes. Deej. keecele

keee&Hee}ke efveoseke
Dr. Shantaben Chavda
Dr. V. B. Kaujalgi
M. N. Gopinath
K. R. Kamath
Executive Director
yeer. Deej. censMJejer SC[ keb.

meveoer uesKeekeej
B. R. Maheswari & Co.

ekegj JeweveeLe Deej SC[ keb.

meveoer uesKeekeej
yecednwee SC[ keb.

meveoer uesKeekeej
(DeMeeske ie[esef[ee)
(Ashok Gadodia)
Yeeieeroej Partner
meomelee meb. 83863
Membership No. 83863
kes. Sve. iegiegefee SC[ keb.

meveoer uesKeekej
[er. peer. HeJeOe&ve

ceneHeyebOeke
D. G. Patwardhan
General Manager
K. N. Gutgutia & Co.

(yeer. kes. Yetefee)
cegbyeF&, 23 DeHewue, 2007

Mumbai, 23rd April, 2007
(B. K. Bhutia)
Yeeieeroej Partner
meomelee meb. 59363
62
jecesMJej emeeo
Dr. Prabha Taviad
Sce. Sve. ieesHeerveeLe
Thakur Vaidyanath Aiyar & Co.

Brahmayya & Co.

(K. N. Gupta)
Yeeieeroej Partner
meomelee meb. 9169
Membership No. 9169
(kes. Sve. iegHlee)
(Sve. eerke=<Cee)
efce$ee kegb[t SC[ yeemet

meveoer uesKeekej
yeesjkej SC[ cegpegceoej

meveoer uesKeekej
(N. Sri Krishna)

Yeeieeroej Partner
meomelee meb. 26575
Mitra Kundu & Basu

Borkar & Muzumdar

(S. Das)
Yeeieeroej Partner
meomelee meb. 51391
(B. M. Agarwal)
Yeeieeroej Partner
meomelee meb. 33254
(Sme. oeme)
(yeer. Sce. DeeJeeue)
31 ceee&, 2007 keer efmLeefle kes Devegmeej ueeYe SJeb neefve Keelee
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2007
(000s es[s
Devegmeteer mebKee
Schedule
No.
I.
Deee
II.
Jee
III.
IV.
Deefpe&le yeepe
Deve Deee
pees[
Jee efkeee ieee yeepe
Heeeueveiele Jee
HeeJeOeeve Deewj DeekeefmcekeleeSb
pees[
ueeYe
Je<e& kee efveJeue ueeYe

pees[ ueeYe Deeies ueeee ieee
pees[
efJeefveeesie
keevetveer Deejef#eefleeeW kees DeblejCe

efveJese Ie ye{ Deejef#ele mes DeblejCe
jepemJe Deejef#eefle kees DeblejCe
Hetbpeer Deejef#eefle kees DeblejCe
efJeMes<e Deejef#eefle kees DeblejCe kejWmeer mJewHe
Debleefjce ueeYeebe (ueeYeebe kej meefnle)
Debelf ece ueeYeebe (ueeYeebe kej meefnle)
Deeekej DeefOeefveece, 1961 keer Oeeje 36(1)
(viii) kes Debleie&le efJees<e Deejef#eefle
ueeYe neefve Keeles ceW Mes<e
pees[
cenJeHetCe& uesKeebkeve veerefleeeB
uesKeeW Hej efHHeefCeeeb
Heefle esej GHeepe&ve (.)
Year ended
31-03-2007
kees meceeHle Je<e& nsleg

. (Rs.)
I.
INCOME
Interest earned
13
Other income
14
TOTAL
II. EXPENDITURE
Interest expended
15
Operating expenses
16
Provisions and Contingencies
TOTAL
III. PROFIT
Net Profit for the year
Add: Profit brought forward
TOTAL
IV. APPROPRIATIONS
Transfer to Statutory Reserve
Transfer from Investment Fluctuation Reserve
Transfer to Revenue Reserve
Transfer to Capital Reserve
Transfer to Special Reserve - Currency Swap
Interim Dividend ( including dividend tax )
Final Dividend ( including dividend tax )
Special Reserve u/s Sec 36(1) (viii) of Income Tax Act, 1961
Balance in Profit and Loss Account
TOTAL
Significant accounting policies
17
Notes forming part of accounts
18
Earnings Per Share (Rs.)
ieS nQ Omitted)
Year ended
31-03-2006
kees meceeHle Je<e& nsleg

. (Rs.)
91803282
15629533
107432815
70286977
11843798
82130775
57398626
26084303
12718196
96201125
43967194
21151376
9997852
75116422
11231690
5417591
16649281
7014353
2200000
9214353
3000000
0
5208867
265685
40265
1111520
855353
750000
5417591
16649281
1800000
(3217591)
2897410
199669
0
0
1667274
450000
5417591
9214353
23.04
14.39
THej yeleeF& ieF& DevegmetefeeeB legueve-He$e kee DeefYevve Debie nQ ~
yeQkekeejer efJeefveeceve DeefOeefveece keer 1949 leermejer Devegmeteer kes Heece& `S' kes Devegmeej leg}ve-He$e leweej efkeee ieee nw ~
efveoseke
DIRECTORS
Sce. yeeueebve
DeOe#e SJeb HeyebOe efveoseke
megosMe kegceej
Sudesh Kumar
S.Jeer. mejosmeeF&
A. V. Sardesai
Rameshwar Prasad
M. Balachandran
Jeer. F&MJejve
V. Eswaran
kes.kes. iegHlee
K. K. Gupta
kes. Deej. keecele

keee&Hee}ke efveoseke
Dr. V. B. Kaujalgi
M. N. Gopinath
K. R. Kamath
Executive Director

meveoer uesKeekeej


meveoer uesKeekeej
yecednwee SC[ keb.

meveoer uesKeekeej
(Ashok Gadodia)
Yeeieeroej Partner
meomelee meb. 83863

meveoer uesKeekej

ceneHeyebOeke
D. G. Patwardhan
General Manager
K.N. Gutgutia & Co.


(B. K. Bhutia)
Yeeieeroej Partner
meomelee meb. 59363
63
jecesMJej emeeo
Dr. Prabha Taviad

Brahmayya & Co.

(K. N. Gupta)
Yeeieeroej Partner
meomelee meb. 9169
Membership No. 9169
(kes. Sve. iegHlee)
(Sve. eerke=<Cee)

meveoer uesKeekej

meveoer uesKeekej
(N. Sri Krishna)

Yeeieeroej Partner
meomelee meb. 26575
Mitra Kundu & Basu

Borkar & Muzumdar

(S. Das)
Yeeieeroej Partner
meomelee meb. 51391
(B. M. Agarwal)
Yeeieeroej Partner
meomelee meb. 33254
(Sme. oeme)
legueve-He$e keer DevegmetefeeeB
(000s es[s
SCHEDULES TO THE BALANCE SHEET
eLee As at
31-03-2007
. (Rs.)
Devegmeteer - 1 Hebtpeer
SCHEDULE - 1 : CAPITAL
HeeefOeke=le
Heleske Hees 10 kes 1,50,00,00,000 FefkeJeer esej
AUTHORISED
1,50,00,00,000 Equity Shares of Rs.10 each
peejer Deewj DeefYeoe

48,85,80,000 FefkeJeer esej (efJeiele Je<e&
48,85,80,000) efpeveceW keW mejkeej eje Oeeefjle
. 10 kes . 338.58 kejes[ (efJeiele Je<e&
. 338.58 kejes[) kes 33,85,80,000 HetCe& Heoe
FefkeJeer esej (efJeiele Je<e& 33,85,80,000) eeefceue nQ~
ieS nQ
Omitted)
eLee As at
31-03-2006
. (Rs.)
15000000
15000000
ISSUED AND SUBSCRIBED

48,85,80,000 Equity Shares (Previous year 48,85,80,000)
of Rs.10 each including 33,85,80,000 Equity Shares
(Previous year 33,85,80,000) of Rs. 10 each fully paid up
amounting to Rs. 338.58 crores (Previous year
Rs. 338.58 crores ) held by Central Government;
4885800
4885800
kegue
TOTAL
4885800
4885800
Heoe Hetbpeer
Heleske . 10 kes HetCe&le Heoe 48,74,01,800
F&efkeJeer esej (efJeiele Je<e& 48,74,00,200
pees[W peyle esej
kegue
PAID-UP CAPITAL
of Rs.10 each fully paid-up.
Add: Shares forfeited
4874018
7402
4874002
7417
TOTAL
4881420
4881419
17251686
3000000
15451686
1800000
20251686
17251686
1573534
97
1656126
354
Devegmeteer - 2 Deejef#eefleeeb Deewj DeefOees<e

I.
keevetveer Deejef#eefleeeB
DeLees<e
Je<e& kes oewjeve HeefjJeOe&ve
pees[ (I)
II. Hetbpeer Deejef#eefleeeb
S) Hegvecet&ueve Deejef#eefle
DeLees<e
pee[s/(IeeSb)meceeeespeve (veeres efHHeCeer osKeW )
IeeSb ueeYe Je neefve Keeles ceW meceeeesefpele
Hegvece&tueebkeve kes keejCe cetueeme

(S) kee pees[
yeer) Deve
i) efveJesMeeW keerr efyeeer Hej ueeYe ``HeefjHekeJelee leke Oeeefjle'' DeLeMes<e
pees[s] ueeYe neefve Keeles mes DeblejCe
ii) efJeosMeer cege
DeLeMes<e
HeeblejCe Deejef#eefle
pees[ /s IeeSb Je<e& kes oewjeve meceeeespeve (efveJeue)

iii) efJeMes<e
Deejef#eefle-cege mJewHe
ueeYe neefve Keeles mes DeblejCe
kegue (B)
pees[ (II)
III. Mesej eerefceece
DeLeMes<e
pees[s peyle MesejeW kee efJeueesHeve
pees[ (III)
SCHEDULE - 2 : RESERVES & SURPLUS

I. Statutory Reserve :
Opening Balance
Additions during the year
TOTAL ( I )
II. Capital Reserves :
A) Revaluation Reserve :
Opening Balance
Add / (Less): Adjustments (Refer note below)
Less: Depreciation on account of revaluation
adjusted to Profit and Loss Account
Total of (A)
B) Others
i) Profit on sale of Investments - Held to Maturity
Opening Balance
Add: Transfer from Profit and Loss Account
ii) Foreign Currency Translation Reserve
Opening Balance
Add/ (Less) : Adjustments during the year (Net)
iii) Special Reserve - Currency Swaps
Transfer from Profit and Loss Account
Total of (B)
TOTAL (II)
III. Share Premium :
Opening Balance
Add: On forfeited shares annulled
TOTAL (III)
64
78799
82946
1494832
1573534
1516620
265685
1316951
199669
1782305
1516620
2492834
(71259)
2571143
(78309)
2421575
2492834
40265
4244145
4009454
5738977
5582988
5235369
13
5235367
2
5235382
5235369
(000s es[s
eLee As at
31-03-2007
. (Rs.)
Devegmeteer - 2 Deejef#eefleeeb Deewj DeefOees<e (peejer)
SCHEDULE - 2 : RESERVES & SURPLUS (contd.)
IV. jepemJe Deewj Deve Deejef#eefleeeB
IV. Revenue and Other Reserves :
i)
jepemJe Deejef#eefleeeB
i)
Opening Balance
pees[ /W (IeeSb) meceeeespeve (efvecve vees kees osKes)
pees[W Je<e& kes oewjeve HeefjJeOe&ve
Add: Additions during the year
IV(i) kee
Sub-total of IV(i)
efveJese Ie-ye{ Deejef#eefle

DeLees<e
IeeSB }eYe SJeb neefve efJeefveeesie kees DeblejCe
IV(ii) kee GHe pees[
iii) Deeekej DeefOeefveece 1961 keer Oeeje
36(1)(viii) kes Devleie&le efJeMes<e Deejef#eefle
DeLees<e
pees[ Je<e& kes oewjeve ngS HeefjJeve
IV(iii) kee GHe pees[
ii)
11019830
8118423
3997
5208867
2897410
16228697
11019830
Opening Balance
3217591
Less:Transfer to Profit & Loss Appropriations
3217591
Sub-total of IV(ii)
450000
750000
450000
1200000
450000
17428697
11469830
5417591
5417591
54072333
44957464
ii) Investment Fluctuation Reserve :
iii) Special Reserve u/s Sec 36(1)(viii) of Income

Tax Act, 1961
Opening Balance
Sub-total of IV(iii)
pees[ (IV)
V. ueeYe-neefve Keeles ceW es<e
eLee As at
31-03-2006
. (Rs.)
Revenue Reserve :
DeLees<e
GHe pees[
ieS nQ Omitted)
TOTAL (IV)
V.
Balance in Profit and Loss Account :
pees[ (I mes V)
TOTAL ( I TO V)
vees en meceeeespeve 31 ceee& kees Heeefuele efJeefvecee oj Hej efJeoseer eeKee mes mebyebefOele Deebke[eW kes HeefjJele&ve kes keejCe nw.
Note : The adjustments are on account of conversion of figures relating to foreign branches at the rates of exchange prevailing as at 31st March.
Devegmeteer - 3 peceejeefeeeB
S.
ceeBie pecee
i) yeQkeeW mes
ii) Deve mes
pees[ (I)
I.
II.
III.
SCHEDULE - 3 : DEPOSITS
A. I.
Demand Deposits :
i) From Banks
ii) From Others
TOTAL
yeele yeQke pecee

ceereeoer pecee
i) yeQkeeW mes
ii) Deve mes
pees[ (III)
pees[ (S) (I, II, III)
yeer. i) Yeejle ceW eeKeeDeeW keer peceejeefeeeB

ii) Yeejle kes yeenj keer eeKeeDeeW keer peceejeefeeeB
pees[ (yeer)
(I)
II. Savings Bank Deposits

III. Term Deposits :
i) From Banks
ii) From Others
TOTAL (III)
TOTAL A(I, II, III)
B.
i)
ii)
Deposits of branches in India

Deposits of branches outside India
TOTAL (B)
65
2648211
91010437
3031854
71033822
93658648
74065676
292546784
254861648
82859237
729752693
812611930
28001891
582391102
610392993
1198817362
939320317
947437708
251379654
1198817362
778503622
160816695
939320317
(000s es[s
eLee As at
31-03-2007
. (Rs.)
Devegmeteer - 4 GOeej
I. Yeejle ceW GOeej
Yeejleere efj]peJe& yeQke

Deve yeQke
Deve mebmLeeSb Deewj DeefYekejCe
pees[ (I)
i)
ii)
iii)
II. Yeejle kes yeenj mes GOeej
SCHEDULE - 4 : BORROWINGS
I. Borrowings in India :
i) Reserve Bank of India
ii) Other Banks
iii) Other Institutions and Agencies
TOTAL (I)
41296709
15464810
II. Borrowings outside India
24911560
43474292
66208269
58939102
8000000
11364093
11457944
THej meefcceef}le HeefleYetle GOeej
Secured borrowings included in above
Devegmeteer - 5 Deve oseleeSb Deewj HeeJeOeeve
SCHEDULE - 5 : OTHER LIABILITIES AND PROVISIONS
I.
II.
III.
IV.
V.
I.
Bills Payable
II.
Inter-office adjustments (net)
III. Interest accrued

IV. Subordinated Loan from Government of India
V.
Unsecured Non-convertible Redeemable Bonds

(Subordinated for Tier-II Capital)
(a) 86 Months issue : Feb - 1999
4486228
3482200
3385000
2000000
2000000
1600000
1600000
(d) 90 Months issue : Nov - 2002
4500000
4500000
(e) 123 Months issue : Jan - 2004
3500000
3500000
(f) 121 Months issue : Mar - 2004
2000000
200000
3000000
(g) 111 Months issue : Feb - 2005
3000000
( h) 115 Months issue : Sept - 2005
7500000
7500000
( I ) 123 Months issue : March - 2006
2000000
2000000
Tier-I Capital (I.P.D.I.) (F.C.)

Upper Tier-II Capital (F.C.)
Upper Tier-II Capital
VI. Others
TOTAL
I. neLe ceW vekeoer
I.
Cash in hand
(including foreign currency notes and gold)
II. Yeejleere efj]peJe& yeQke ceW es<e
II.
Balances with Reserve Bank of India :
ii) Deve KeeleeW ceW
2624149
(b) 76 Months issue : Dec - 2000
SCHEDULE - 6 : CASH AND BALANCES WITH

RESERVE BANK OF INDIA
eeuet Keeles ceW
1086494
4899572
(c) 63 Months issue : Feb - 2002
Devegmeteer - 6 vekeoer Deewj Yeejleere

efj]peJe& yeQke ceW es<e
i)
eLee As at
31-03-2006
. (Rs.)
0
803070
14661740
TOTAL ( I, II )
(FmeceW efJeoseer kejWmeer vees Deewj mJeCe&

meefcceefuele nQ~)
Omitted)
8000000
7504034
25792675
pees[ (I, II)
mebose efyeue
Deblej-keeee&uee meceeeespeve - (efveJeue)
HeesodYetle yeepe
Yeejle mejkeej mes HeeHle ieewCe $eCe
Heelf eYetelf ejefnle iewj HeefjJele&veere ceeseveere yebOeHe$e
(efej II Hetbpeer kes efueS ieewCe $eCe)
(ke) 86 ceeme efveie&ce HejJejer - 1999
(Ke) 76 ceeme efveie&ce efomecyej - 2000
(ie) 63 ceeme efveie&ce HejJejer - 2002
(Ie) 90 ceeme efveie&ce veJecyej - 2002
(*) 123 ceeme efveie&ce peveJejer - 2004
(e) 121 ceeme efveie&ce ceee& - 2004
() 111 ceeme efveie&ce HejJejer - 2005
(pe) 115 ceeme efveie&ce efmelecyej - 2005
(Pe) 123 ceeme efveie&ce ceee& - 2006
efej-I Hetbpeer (DeeF&Heer[erDeeF&) (SHemeer)
DeHej efej-II Hetbpeer (SHemeer)
DeHej efej-II Hetbpeer
VI. Deve
pees[
ieS nQ
i)
In Current Account
ii)
In Other Accounts
3694657
10474769
7320000
27450944
23108921
92390529
74644442
3245646
2845303
68723248
53038856
pees[ (II)
TOTAL (II)
68723248
53038856
pees[ (I, II)
TOTAL ( I, II)
71968894
55884159
66
(000s es[s
eLee As at
31-03-2007
. (Rs.)
Devegmeteer - 7 yeQkeeW ceW es<e Deewj ceebie

I. Yeejle ceW
yeQke ceW es<e

ke) eeuet KeeleeW ceW
Ke) Deve pecee KeeleeW ceW
ii) ceebie Hej Deewj DeuHe metevee Hej HeeHle Oeve
ke) yeQkeeW kes meeLe
Ke) Deve mebmLeeDeeW ceW
pees[ (I)
II. Yeejle kes yeenj
i) eeuet KeeleeW ceW
ii) Deve pecee KeeleeW ceW
iii) ceebie Hej Deewj DeuHe metevee Hej HeeHle Oeve
pees[ (II)
pees[ (I, II)
i)
CALL & SHORT NOTICE

I. In India :
i) Balances with Banks
a) in Current Accounts
b) in Other Deposit Accounts
a) With Banks
b) With Other Institutions
TOTAL ( I )
II. Outside India :
i) In Current Accounts
ii) In Other Deposit Accounts
iii) Money at call and short notice
9606794
5216400
16322950
20321971
28212885
1282558
1334904
70634653
26920896
2107001
30362801
102086456
58575686
252937120
219290250
ii) Other approved Securities
7992371
8125175
iii) Shares
3365397
2479868
30831031
28785912
1728612
1728612
12826528
3105845
309681059
263515662
5190732
11985437
ii) Other Investments
40055827
42316443
TOTAL ( II )
45246559
54301880
354927618
317817542
TOTAL ( I, II )
I.
Investments in India :
i) Government Securities *
iv) Debentures and Bonds
v) meneeke kebHeefveeeW Deewj meneesieer mebmLeeDees ceW
v) Subsidiaries and Associates
vi) Deve
vi) Others
mejkeejer HeefleYetefleeeW ceW

(mLeeveere HeeefOekejCeeW meefnle)
ii) Deve efveJeseeW ceW
pees[ (II)
mekeue . 45384954
(HetJe&Jeleea Je<e& . 54525227)
IeeSb cetueeme SJeb efJeefvecee Ie-ye{
. 138395 (HetJe&Jeleea Je<e& . 223347)
pees[ (I, II)
2283141
9847274
mejkeejer HeefleYetefleeeW ceW *

ii) Deve Devegceesefole HeefleYetefleeeW ceW
iii) esejeW ceW
iv) ef[yeWejeW Deewj yebOeHe$eeW mes
i)
2581438
12524133
81764485
TOTAL ( II )
I. Yeejle ceW efveJese
II. Yeejle kes yeenj efveJese
eLee As at
31-03-2006
. (Rs.)
ii) Money at call and short notice
SCHEDULE - 8 : INVESTMENTS
pees[ (I)
mekeue kegue . 311796297
IeeSb cetueeme . 2115238
*meefcceefuele . 30.28 kejes[
(HetJe&Jeleea Je<e& . 33.34 kejes[)
Debefkele cetue . 30.00 kejes[
(HetJe&Jeleea Je<e& . 30.00 kejes[)
Yeejleere meceeeesOeve efveiece kes Heeme efiejJeer nQ.
Omitted)
SCHEDULE - 7 : BALANCES WITH BANKS & MONEY AT
Devegmeteer - 8 efveJese
i)
ieS nQ
TOTAL ( I )
Gross Rs. 311796297
(Previous year Rs. 266322449)
Less: Depreciation Rs. 2115238
(Previous year Rs. 2806787)
* Includes :Rs. 30.28 Cr. (Previous year Rs. 33.34 Cr.)
face value Rs. 30.00 Cr. (Previous year Rs. 30.00 Cr.)
pledged with Clearing Corporation of India.
II. Investments outside India :
i) Government Securities (including local authorities)
Gross Rs. 45384954 (Previous year Rs. 54525227)

less depreciation and exchange fluctuation
Rs. 138395 (Previous year Rs. 223347)
TOTAL ( I, II)
67
(000s es[s
eLee As at
31-03-2007
. (Rs.)
Devegmeteer - 9 Deefiece
S. i) kee efkees iees Deewj yeeke=le efyeue
ii) vekeo GOeej, DeesJej[êHe Deewj ceebie Hej
Heeflemebose $eCe
iii)
ceereeoer $eCe
pees[ (S)
peeW[W/IeeSB Deblej yeQke menYeeefielee
eceeCeHe$e (efveJeue)
yeer. DeefieceeW kee efJeJejCe

i) cetle& DeeefmleeeW eje HeefleYetle
(FmeceW yener $eCeeW Hej Deefiece eeefceue nQ)
ii) yeQke/mejkeejer HeleeYetefleeeW eje megjef#ele
iii) DeHeefleYetle
pees[ (yeer)
peeW[W/IeeSB Deblej yeQke menYeeefielee eceeCe
He$e (efveJeue)
meer. DeefieceeW kee #es$eJeej JeieeakejCe
I. Yeejle ceW Deefiece
i) HeeLeefcekelee HeeHle #es$e
peeW[W/IeeSB Deblej yeQke menYeeefielee
eceeCeHe$e (efveJeue)
meeJe&peefveke #es$e
iii) yeQke
iv) Deve
pees[ (meer-I)
ii)
II. Yeejle kes yeenj Deefiece
yeQkees mes ose

ii) DeveeW mes ose
i)
ke) kee efkeS ieS Deewj yeeke=le efye}

Ke) meecetefnke $eCe
ie) Deve
pees[ (meer-II)
pees[ (meer-I, meer-II)
ieS nQ Omitted)
eLee As at
31-03-2006
. (Rs.)
SCHEDULE - 9 : ADVANCES
A. i) Bills Purchased and Discounted
113788299
81237954
ii) Cash Credits, Overdrafts and

Loans repayable on demand
407509785
324511074
iii) Term Loans
332060860
245988416
TOTAL (A)
853358944
651737444
Add /(Less): Inter bank participation

certificates (Net)
(4000000)
849358944
651737444
579821041
437870865
ii) Covered by Bank/Government Guarantees
125617382
99585059
iii) Unsecured
147920521
114281520
853358944
651737444
B. Particulars of Advances :
i) Secured by tangible assets
(includes advances against Book Debts)
TOTAL (B)
certificates (Net)
(4000000)
849358944
651737444
257729361
205312105
(4000000)
253729361
205312105
81287440
72170866
iii) Banks
2750817
202599
iv) Others
343203443
250226754
TOTAL (C-I)
680971061
527912324
II. Advances outside India :

i) Due from Banks
32287019
28675178
a) Bills Purchased and Discounted
43171215
31539383
b) Syndicated Loans
21171307
12208513
c) Others
71758342
51402046
TOTAL (C-II)
168387883
123825120
TOTAL ( C - I, C - II )
849358944
651737444
C. Sectoral Classification of Advances :

I. Advances in India
i)
Priority Sector
Add/(Less): Inter-Bank Participation
Certificates (Net)
ii) Public Sector
ii) Due from others
68
(000s es[s
eLee As at
31-03-2007
. (Rs.)
Devegmeteer - 10 Deeue Deeefmleeeb
SCHEDULE - 10 : FIXED ASSETS
I. Heefjmej
I.
ueeiele Hej DeLees<e

Je<e& kes oewjeve HeefjJeOe&ve / meceeeespeve
IeeSb - Je<e& kes oewjeve keewefleeeB/meceeeespeve
GHe-pees[
Fme leejerKe kees Hegvecet&ueve HeefjJeOe&ve kes keejCe
Hegvecet&ueve Deejef#ele ceW pecee
IeeSb Fme leejerKe kees cetueeme (Hegvecet&ueve
kes keejCe . 1578130 meefnle-HetJe&Jeleea
Je<e& ceW .1499331)
pees[ (I)
II. Deve Deeue Deeefmleeeb

(FmeceW Heveeaej Deewj efHekemeej meefcceefuele nQ)
ueeiele Hej DeLees<e

IeeSb Je<e& kes oewjeve keewefleeeB/meceeeespeve
GHe-pees[
IeeSb Fme leejerKe kees cetueeme
pees[ (II)
III. efvecee&CeeOeerve Hetbpeeriele keee&
pees[ (I, II, III)
PREMISES :
Opening Balance at cost
Additions / Adjustments during the year
Less:Deductions / Adjustments during the year
Sub-total
Addition to date on account of revaluation
credited to revaluation reserve
Less : Depreciation to date (including Rs.1578130 on
account of revaluation - Previous year Rs.1499331)
4742040
398267
1631
5138676
3072962
3072865
2818406
2609826
TOTAL -( I )
5530977
5601715
OTHER FIXED ASSETS :

(including Furniture and Fixtures)
Less:Deductions / Adjustments during the year
8528411
713079
255908
7935447
757105
164141
Sub-total
Less: Depreciation to date
8985582
6737721
8528411
6137227
2247861
114116
2391184
106760
7892954
8099659
8655216
6827995
11881803
16297664
17784
18606
435550
245614
9144694
7238375
30135047
30628254
3446025
3986313
437628
3200
455535705
528782205
a) In India
65344643
54838551
b) Outside India
23673449
20408307
V.
Acceptances, endorsements and other obligations
77712025
59326866
VI.
Interest Rate Swaps
272680978
160333701
115957
425819
898946410
828104962
II.
TOTAL ( II )
III. CAPITAL WORK IN PROGRESS
TOTAL ( I, II, III )
SCHEDULE - 11 : OTHER ASSETS
HeesodYetle yeepe
Deefiece He mes eoe kej/m$eesle Hej
keee ieee kej (efveJeue)
III. uesKeve meeceieer Deewj mecHe
IV. DeemLeefiele kej DeeefmleeeBb
V. Deve
pees[
I.
Interest accrued
II.
Tax paid in advance/tax deducted at source (net)
Devegmeteer - 12 Deekeefmceke oseleeSB

yeQke kes efJe oeJes efpevnW $eCe kes He ceW
mJeerkeej veneR efkeee ieee nw
II. Debele Heoe efveJeseeW kes efueS oseleeSb
III. yekeeee Jeeeoe efJeefvecee mebeJf eoeDeeW kes keejCe
oseleeSb
IV. mebIekeeW keer Deesj mes oer ieF& ieejbefeeB
ke) Yeejle ceW
Ke) Yeejle kes yeenj
V. mekeej, He=<ebkeve Deewj Deve oeefelJe
VI. yeepe oj keer Deouee-yeoueer
VII. Deve ceoW efpevekes efueS yeQke Deekeefmceke He
ces osveoej nw
pees[
I.
eLee As at
31-03-2006
. (Rs.)
5138676
205385
67640
5276421
Devegmeteer - 11 Deve Deeefmleeeb

I.
II.
ieS nQ Omitted)
III. Stationery and Stamps

IV. Deferred Tax Assets
V.
Others
TOTAL
SCHEDULE - 12 : CONTINGENT LIABILITIES

I.
Claims against the Bank not acknowledged as debts
II.
Liability for partly paid Investments
III.
Liability on account of outstanding forward exchange

contracts
IV.
Guarantees given on behalf of Constituents :
VII. Other items for which the Bank is contingently liable

TOTAL
69
ueeYe Je neefve Keeles keer DevegmetefeeeB
(000s es[s
SCHEDULES TO PROFIT AND LOSS ACCOUNT
Je<eele For the

Year Ended
31-03-2007
. (Rs.)
Devegmeteer - 13 Deefpe&le yeepe

DeefieceeW/efJeefvecee He$eeW Hej yeepe/yee
II. efveJeseeW Hej Deee
III. Yeejleere efj]peJe& yeQke Deewj Deve
Devlej-yeQke efveefOeeeW kes es<eeW Hej yeepe
IV. Deve
pees[
I.
Devegmeteer - 14 Deve Deee
I. keceereve, efJeefvecee Deewj oueeueer

II. efveJeseeW kes efJekee Hej ueeYe-efveJeue
III. Yetefce, YeJeveeW Deewj Deve DeeefmleeeW
kes efJekee Hej ueeYe-efveJeue

IV. efJeefvecee mebJeJenejeW Hej ueeYe-efveJeue
V. meneeke kebHeefveeeW/kebHeefveeeW Deewj/ee mebegkele
GeceeW mes ueeYeebe Deeefo kes He ceW Deefpe&le Deee
VI. efJeefJeOe Deee
pees[
45729759
II.
24600923
21612899
3221642
1862860
5426
1081459
91803282
70286977
Income on Investments
III. Interest on balances with Reserve Bank of India and

other inter-bank funds
IV. Others
TOTAL
SCHEDULE - 14 : OTHER INCOME
I.
Commission, exchange and brokerage
5967072
5189914
II.
Profit on sale of Investments - net
2049326
1140936
III. Profit on sale of land, buildings and other assets - net

IV. Profit on exchange transactions - net
V.
Income earned by way of dividends etc., from subsidiaries/

companies and/or joint ventures
VI. Miscellaneous Income

TOTAL
peceejeefeeeW Hej yeepe

Yeejleere efj]peJe& yeQke/
Deblej yeQke GOeejeW Hej yeepe
III. ieewCe $eCeeW DeeF&DeejSme Deeefo Hej yeepe
yeepe Hes DeeG ( I + II + III )
Deve HeefjMeesOeve Jee-efveJesMe
pees[
I.
Interest on Deposits
II.
Interest on Reserve Bank of India / inter-bank borrowings
kece&eeefjeeW kees Yegieleeve Deewj Gvekes efueS

HeeJeOeeve
II. Yeeke, kej Deewj efyepeueer
III. cegCe Deewj uesKeve meeceieer
IV. efJe%eeHeve Deewj Heeej
V. yeQke keer mecHeefe Hej cetueeme
IeeSb Hegvecetu& eve Deejef#eefleeeW mes meceeeesepf ele cetueeme
VI. efveosekeeW keer Heerme, Yees Deewj Jee
VII. uesKee Hejer#ekeeW keer Heerme Deewj Jee
(eeKee uesKee Hejer#ekeeW meefnle)
VIII. efJeefOe HeYeej
IX. [eke Jee, leej, sueerHeesve Deeefo
X. cejccele Deewj jKe-jKeeJe
XI. yeercee
XII. Deve Jee
pees[
I.
Je<eele As at
Year Ended
31-03-2006
. (Rs.)
63975291
SCHEDULE - 15 : INTEREST EXPENDED
Devegmeteer - 16 Heefjeeueveiele Jee
Omitted)
SCHEDULE - 13 : INTEREST EARNED

I.
Interest/Discount on advances/bills
Devegmeteer - 15 Jee efkeee ieee yeepe

I.
II.
ieS nQ
III. Interest on subordinated debts, IRS etc.

Interest Pay out ( I + II + III )
Others: Amortisation expenses - Investments
TOTAL
SCHEDULE - 16 : OPERATING EXPENSES
I.
Payments to and provisions for employees
II.
Rent, Taxes and Lighting
III. Printing and Stationery
IV.
Advertisement and Publicity
V.
Depreciation on Banks property
1046088
Less : adjusted against Revaluation Reserve 78799
VI. Directors fees, allowances and expenses
VII. Auditors fees and expenses
(includes for branch auditors)
VIII. Law Charges
IX. Postage, Telegrams, Telephones, etc.
X.
Repairs and Maintenance
XI. Insurance
XII. Other Expenditure
TOTAL
70
159486
2737
2240788
1823140
164130
11806
5048731
3675265
15629533
11843798
46084011
34982393
5433179
3619369
3440986
54958176
2440450
2928828
41530590
2436604
57398626
43967194
16139972
1685546
323239
425025
13281316
1512642
295964
137475
967289
540
181832
967281
483
163929
224153
138217
306457
861176
4830857
102017
129524
307325
706092
3547328
26084303
21151376
Devegmeteer - 17
SCHEDULE 17:
cenJeHetCe& uesKee veerefleeeB
SIGNIFICANT ACCOUNTING POLICIES
1.
2.
2.1
2.2
3.
3.1
uesKeebkeve HeOoefle
mebueive efJeeere efJeJejCe Heeefuele efJeeejOeeje Deewj HejbHejeiele ueeiele kes Devegmeej
leweej efkeS ieS nQ Deewj DeveLee GuuesKe ve efkeee ieee nes lees Jen Yeejleere
keeee&ueeeW/eeKeeDeeW kes mebyebOe ceW Yeejle Deewj efJeoseer keeee&ueeeW/eeKeeDeeW kes
mebyebOe ceW efYevve-efYevve oseeW ceW meeceevele DeHeveeF& pee jner leLee meebefJeefOeke GHeyevOeeW
kes DevegHe nw~
1.
ACCOUNTING CONVENTION:
efJeoseer cege efJeefvecee mes mebyeOo uesve-osve

meceekeefuele efJeoseer Heefjeeueve mebyebOeer HeeblejCe
i) pees Yeejleere eeKeeSB efJeoseer cege uesve-osve kejleer nQ GvnW meceekeefuele efJeoseer
Heefjeeueve kes He ceW Jeieeake=le efkeee ieee nw Deewj Fve eeKeeDeeW ceW efJeoseer
efJeefvecee uesve-osve kees uesve-osve keer leejerKe kees Heeefuele oj Hej Heebleefjle
efkeee ieee nw~
ii) ceewefke efJeoseer cege DeeefmleeeB SJeb oseleeSB efJeoseer cege JeeHeejer mebIe (Hes[eF&)
eje DeefOemetefele yebo-ojeW Hej Je<e& kes Deble ceW Heebleefjle keer ieF& nQ Deewj
iewj-ceewefke ceoeW kees uesve-osve keer leejerKe kees Heeefuele oj Hej Heebleefjle
efkeee ieee nw~
iii) efJeoseer cege ceW meYeer mJeerke=efleeeB, He=<ebkeve SJeb Deve oseleeSB Deewj ieejbefeeB
Je<e& kes Deble ceW Hes[eF& eje DeefOemetefele yebo-ojeW Hej Debefkele keer ieF& nQ~
iv) efJee Je<e& keer meceeefHle Hej ceewefke ceoeW kes efveHeeve SJeb HeeblejCe kes keejCe
GlHevve efJeefvecee DevlejeW kees Gme DeJeefOe kes efueS Deee ee Jee kes He ceW
efueee ieee nw efpemeceW Jes GlHevve ngS Les~
2.
iewj-meceekeefuele efJeoseer Heefjeeueve mebyebOeer HeeblejCe

efJeoseer eeKeeDeeW kees iewj-meceekeefuele efJeoseer HeefjeeueveeW kes He ceW Jeieeake=le
efkeee ieee nw Deewj Gvekes efJeeere efJeJejCeeW kees efvecveevegmeej Heebleefjle efkeee ieee nw
i) DeeefmleeeW SJeb oseleeDeeW (oesveeW ceewefke SJeb iewj-ceewefke kes meeLe-meeLe
Deekeefmceke oseleeDeeWb) kees Je<e& keer meceeefHle Hej Hes[eF& eje DeefOemetefele yeboojeW Hej Heebleefjle efkeee ieee nw ~
ii) Deee SJeb JeeeW kees Hes[eF& eje DeefOemetefele $ewceeefmeke Deewmele yebo-ojeW Hej,
mebyebefOele efleceener keer meceeefHle Hej Heebleefjle efkeee ieee nw ~
iii) meYeer HeefjCeeceer efJeefvecee DeblejeW kees efveJeue efveJeseeW kes efveHeeve nesves leke
Ske He=Leke Keeles efJeoseer cege HeeblejCe Deejef#eefle ceW mebefele efkeee ieee
nw~
efveJese
efveJeseeW kee JeieeakejCe Yeejleere efj]peJe& yeQke kes efoeeefveoxeeW kes Devegmeej `HeefjHekeJelee
leke Oeeefjle' keejesyeej kes efueS Oeeefjle Deewj efyekeer kes efueS GHeueyOe esefCeeeW ceW
efkeee peelee nw~ yeQkekeejer efJeefveeceve DeefOeefveece, 1949 keer leermejer Devegmeteer kes
Heece& `S' keer DeHes#eeDeeW kes DevegHe Fvekee JeieeakejCe mecetneW, mejkeejer Heelf eYetelf eeeb,
Deve Devegceesefole HeefleYetefleeeb, esej, ef[yesvej Deewj yevOeHe$e, meneeke kecHeefveeeW/
mebegkele GeceeW ceW efveJese ceW Deewj Deve efveJesMeeW ceW efkeee peelee nw~
2.2 Translation in respect of Non-Integral Foreign operations:
JeieeakejCe kee DeeOeej

efveJeseeW kee JeieeakejCe meeceeveleee Gmekes Depe&ve kes mecee efkeee peelee nw
3.1 Basis of classification
The accompanying financial statements have been prepared by

following the going concern concept, generally on a historical cost
basis and conform to the statutory provisions and practices prevailing
in India in respect of Indian Offices/Branches and in respective
foreign countries in respect of Foreign Offices/Branches, except as
otherwise stated.
TRANSACTIONS INVOLVING FOREIGN EXCHANGE:
2.1 Translation in respect of Integral Foreign operations:

i)
Indian branches having foreign currency transactions have been

classified as integral foreign operations and foreign exchange
transactions at these branches have been recorded at the rates
prevailing on the date of the transaction.
ii)
Monetary Foreign currency assets and liabilities are translated

at the closing rates notified by Foreign Exchange Dealers
Association of India (FEDAI) at the year end and non-monetary
items are translated at the rates prevailing on the transaction date.
iii)
Acceptances, endorsements and other obligations and

guarantees in foreign currencies are carried at the closing rates
notified by FEDAI at the year end.
iv)
Exchange differences arising on settlement and translation of

monetary items at the end of the financial year are recognised
as income or expenses in the period in which they arise.
Foreign branches are classified as non-integral foreign operations

and their financial statements are translated as follows:
3.
i)
Assets and Liabilities (both monetary and non-monetary as well

as contingent liabilities) are translated at the closing rates
ii)
Income and expenses are translated at the quarterly average

closing rates notified by FEDAI at the end of respective quarter.
iii)
All resulting exchange differences are accumulated in a separate

account Foreign Currency Translation Reserve till the disposal
of the net investments in the respective foreign branches.
INVESTMENTS:
Investments are classified under Held to Maturity, Held for
Trading and Available for Sale categories as per Reserve Bank of
India (RBI) guidelines. In conformity with the requirements in Form
A of the Third Schedule to the Banking Regulation Act, 1949, these
are classified under six groups Government Securities, Other
Approved Securities, Shares, Debentures and Bonds, Investments in
Subsidiaries/Joint Ventures and Other Investments.
Classification of an investment is normally done at the time of its
acquisition:
ke) HeefjHekeJelee leke Oeeefjle

Ssmes efveJeseeW kee mecetn efpevnW yeQke HeefjHekeJelee leke jKelee nw~
(a)
Held to Maturity
These comprise investments the Bank intends to hold on to
maturity.
71
3.2
Ke) keejesyeej kes efueS Oeeefjle

Ssmes efveJese efpevnW cegKe He mes Kejero keer leejerKe mes 90 efoveeW kes Deboj Hegve
DeefOeeefnle efkeee peelee nw, GvnW Fme eer<e& kes Debleie&le Jeieeake=le efkeee
peelee nw~
ie) efyekeer kes ef}S GHeueyOe
Ssmes efveJese efpevekee JeieeakejCe ``HeefjHekeJelee leke Oeeefjle'' ee ``keejesyeej
kes efueS Oeeefjle'' kes Debleie&le veneR efkeee peelee nw, GvnW Fme eer<e& ceW jKee
peelee nw~
cetueebkeve kee lejerkee
efveJeseeW kee cetueebkeve Yeejleere efj]peJe& yeQke kes efoeeefveoxeeW kes Devegmeej efkeee peelee nw~
(b) Held for Trading

Investments acquired with the intention to trade within 90 days
from the date of purchase are classified under this head.
(c)
Investments which are not classified either as Held to

Maturity or as Held for Trading are classified under this
head.
3.2 Method of valuation
Investments are valued in accordance with the RBI guidelines.
ke) HeefjHekeJelee leke Oeeefjle
(a)
Ke) keejesyeej kes efueS Oeeefjle/efyekeer kes efueS GHeueyOe
(b) Held for Trading / Available for Sale
Fme Jeie& kes Debleie&le efveJeseeW kee cetueebkeve JeemleefJeke cetue Hej efkeee peelee
nw~ cetueJeOe&ve/cetueeme HeefleYetefleeeW kes Heleske Jeie& kes ef}S meceie neslee nw
Deewj eLee ueeieg Meg cetueeme kees ueeiele SJeb neefve Keeles ceW ceevelee oer peeleer
nw leLeeefHe egOo cetueJeOe&ve kees es[ efoee peelee nw~
Investments under these categories are valued scrip-wise.

Appreciation / depreciation is aggregated for each class of
securities and net depreciation as per applicable norms is
recognised in the profit and loss account, whereas net
appreciation is ignored.
ie) efJeoseer eeKeeDeeW ceW Oeeefjle

efJeoseer eeKeeDeeW kes efveJeseeW kees mebyebefOele efJeoseer kesveW Hej Heeef}le meebefJeefOeke
HeeJeOeeveeW ee Yeejleere efj]peJe& yeQke kes mecee-mecee Hej peejer efoeeefveoxeeW, pees
Yeer kece nes, kes DeeOeej Hej cetueebefkele efkeee ieee nw~
5.
Held to Maturity
Investments included in this category are carried at their
acquisition cost. Premium, if any, paid on acquisition is
amortized using constant yield method over the remaining
period of maturity.
Fme esCeer kes lenle efveJeseeW kees Gvekes DeefOeienCe ueeiele Hej efueee ieee nw~
Fvekes DeefOeienCe Hej Yegieleeve keer ieF& Heerefceece keer jeefe, eefo nes lees, Gmes
HeefjHekeJelee keer es<e yeeer DeJeefOe ceW HeefjeesefOele efkeee ieee nw ~
4.
Available for Sale
(c)
Held at Foreign Branches

Investments held at foreign branches are carried at lower of
the value as per the statutory provisions prevailing at the
respective foreign countries and as per RBI guidelines issued
from time to time.
Deefiece
(ke) Yeejleere efj]peJe& yeQke eje peejer efoeeefveoxeeW kes Devegmeej GOeejkelee& kees
efoS ieS Deefiece kees cetue/yeepe keer Jemetueer kes DeeOeej Hej `Depe&ke' DeLeJee
`Devepe&ke' DeeefmleeeW kes He ceW Jeieer&ke=le efkeee peelee nw~ Yeejleere efj]peJe&
yeQke eje efveOee&efjle efJeJeskeHetCe& ceeveob[eW kes DevegHe HeeJeOeeve kej Devepe&ke
DeeefmleeeW kees Hegve DeJeceeveke, mebefoiOe SJeb neefveiele DeeefmleeeW ceW Jeieeake=le
efkeee peelee nw~
(Ke) efJeoseer eeKeeDeeW kes DeefieceeW kes mebyebOe ceW HeeJeOeeve mebyebefOele keWeW Hej ueeiet
meebefJeefOeke HeeJeOeeveeW kes Devegmeej DeLeJee Yeejleere efj]peJe& yeQke kes efoeeefveoxeeW
kes Devegmeej, FmeceW mes pees DeefOeke nes, efkeee peelee nw~
(ie) Devepe&ke DeeefmleeeW kes efJe<ee ceW efJeefe< HeeJeOeeve eje DeefieceeW keer
#eefle keer esCeer kes efveOee&jCe kes DeeOeej Hej efkeee peelee nw, pees Yeejleere efj]peJe&
yeQke eje mecee-mecee Hej efveOee&efjle vetvelece HeeJeOeeveerkejCe ceeveoC[ kes
DeOeOeerve nw~
(Ie) Devepe&ke DeeefmleeeW kes efJe<ee ceW HeeJeOeeve Deewj Devepe&ke DeeefmleeeW Hej Jemetue
veneR efkeee iees yeepe kees kegue DeefieceeW mes Ieeee peelee nw~
Deeue DeeefmleeeB
ke) efpevekee Hegvecet&ueebkeve efkeee ieee nw GvnW es[kej Deeue DeeefmleeeW kees
HejcHejeiele ueeiele DeeOeej Hej oee&ee ieee nw~ Hegvecet&ueebkeve Hej cetueJe=efOo
kees Hegvecet&ueebkeve efj]peJe& Keeles ceW pecee efkeee ieee nw~
Ke) Heefjmej ceW Yetefce keer ueeiele Heecegkele SJeb HeeOeejer oesveeW eeefceue nQ~
4.
5)
72
ADVANCES:
(a)
In terms of guidelines issued by the RBI, advances to borrowers

are classified into Performing or Non-Performing assets
based on recovery of principal / interest. Non-Performing Assets
(NPAs) are further classified as Sub-Standard, Doubtful and
Loss Assets, and provision thereon is made in accordance with
the Prudential norms prescribed by the RBI from time to time.
(b)
In respect of advances at Foreign Branches, provision is made

as per the statutory requirements prevailing at the respective
foreign countries, or as per the RBI guidelines, whichever is
higher.
(c)
Specific provisions in respect of NPAs are made, based on the

managements assessment of the degree of impairment of the
advances, taking into account the minimum provisioning norms
prescribed by the RBI from time to time.
(d)
Provisions in respect of NPAs and unrealised interest are

deducted from total advances.
FIXED ASSETS:
(a)
Fixed assets are stated at historic cost, except in the case of

assets which have been revalued. The appreciation on
revaluation is credited to Revaluation Reserve.
(b)
Cost of premises includes cost of land, both freehold and

leasehold.

6. Deeue DeeefmleeeW Hej cetueeme
i) cetueeme
ke) DeeefmleeeW Hej (Hegvecet&ueebefkele DeeefmleeeW meefnle) cetueeme, yeQke ej
efveOee&efjle ojeW Hej emeceeve yekeeee HeCeeueer Hej HeYeeefjle efkeee ieee nw
Deewj kecHetjeW Hej cetueeme kee HeeJeOeeve, m^s ueeF&ve Heekf eee kes Devegmeej
Yeejleere efj]peJe& yeQke eje efveOee&efjle ojeW Hej efkeee peelee nw~
Ke) HeefjJeOe&veeW Hej Hetjs Je<e& kes efueS HeeJeOeeve efkeee ieee nw, Yeues ner Deeefmle
kee Heeesie efkemeer Yeer leejerKe mes eg efkeee ieee nes~
ie) Deeefmle keer efyekeer/efveHeeve kes Je<e& ceW HeeJeOeeve veneR efkeee ieee nw~
Ie) DeeefmleeeW kes Hegvecet&ueve kees Hegvecet&ueve Deejef#eefle mes meceeeesefpele efkeee
ieee nw~
ii) peneB Yetefce Deewj YeJeve keer ueeiele-Deueie Deueie veneR keer pee mekeleer nw, YeJeve
kees ueeiet oj Hej mecHetCe& ueeiele Hej cetueeme kee HeeJeOeeve efkeee ieee nw~
iii)
7.

6)
(i)
9.
10.
Depreciation :
(a)
on assets (including revalued assets), is charged on the

Written Down Value at the rates determined by the Bank;
and on computers, on the Straight Line Method, at the
rates prescribed by the RBI;
(b)
on additions is provided for the full year, irrespective of

the date on which the assets were put to use;
(c)
is not provided in the year of sale/disposal of an asset;
(d)
on the revalued portion of assets, is adjusted against the

Revaluation Reserve
(ii) Where the cost of land and building cannot be separately

ascertained, depreciation is provided on the composite cost, at
the rate applicable to buildings.
HeeOeeefjle Yetefce Hej Heole Heerceerece Hes keer DeJeefOe ceW HeefjeesefOele nw~
(iii) Premium paid on leasehold land is amortised over the period

of lease.
jepemJe efveOee&jCe
ke) mecee-mecee Hej Yeejleerme efj]peJe& yeQke kes efoeeefveoxeeW kes Devegmeej, peneB
Deee kee efveOee&jCe Jemetueer Hej neslee nw, Devepe&ke DeeefmleeeW kees es[kej
Deee/Jee kee uesKeebkeve meeceeveleee HeesodYeJeve DeeOeej Hej efkeee peelee nw.
7)
Ke) mecee-mecee Hej peejer Yeejleere efjp] eJe& yeQke kes efoeeefveoxeeW kes Devegmeej Devepe&ke
KeeleeW keer Jemetueer kees meJe&HeLece yeepe ceW meceeeesefpele efkeee ieee nw Deewj
lelHeeeled Deve ose jeefeeeW ceW meceeeesefpele efkeee ieee nw ~
ie) Deeekej JeeHemeer Hej yeepe kee efveOee&jCe HeeefOekeeefjeeW kes DevegosMeeW kes Devegmeej
efveefele efkeee peelee nw ~
8.
DEPRECIATION ON FIXED ASSETS:
mesJeeefveJe=efe ueeYe
ke) YeefJe<e efveefOe ceW Debeoeve kes efueS ueeYe-neefve Keeles kees HeYeeefjle efkeee
ieee nw~
Ke) GHeoeve HeWeve leLee ger vekeoerkejCe ueeYeeW mebyebOeer oseleeDeeW kee HeeJeOeeve
yeerceebefkeke cetueebkeve kes Devegmeej efkeee ieee nw~
8)
Heeke=le DeeefmleeeB
HeeW keer Deee kee efveOee&jCe Hes keer HeeLeefceke DeJeefOe Hej Deevleefjke HeefleHeue Hej
Heefle kes Devegmeej efkeee ieee nw Deewj Gvekee uesKeebkeve Yeejleere meveoer uesKeekeej
mebmLeeve (DeeF&meerSDeeF&) eje peejer efkees iees uesKeebkeve ceeveke 19 Hes kes efueS
uesKeebkeve kes Devegmeej efkeee ieee nw ~
9)
REVENUE RECOGNITION :
(a)
Income/Expenditure is generally accounted for on accrual basis,

except in the case of income on NPAs which is recognised on
realisation, in terms of the RBI guidelines issued from time to
time.
(b)
In terms of RBI guidelines issued from time to time, recoveries

made from NPA accounts are appropriated first towards interest
and thereafter towards other dues.
(c)
Interest on income tax refund is recognised on the basis of the

relevant orders of the authorities.
RETIREMENT BENEFITS :
(a)
Contribution to the Provident Fund for the year is charged to

Profit and Loss account.
(b)
Liabilities in respect of gratuity, pension and leave encashment

benefits to staff are provided as per actuarial valuation.
LEASED ASSETS :
Lease Income is recognised based on the Internal Rate of Return
method over the primary period of the lease and is accounted for in
accordance with the Accounting Standard 19 on Accounting for
Leases, issued by the Institute of Chartered Accountants of India
(ICAI).
Deee Hej kej

Yeejleere meveoer }sKekeej mebmLeeve (DeeF&meerSDeeF&) eje peejer uesKeebkeve ceeveke 22, Deee Hej kejeW kes efueS uesKeebkeve kes DevegHe Deeekej ceW Je<e& kes oewjeve
Jele&ceeve kej HeeJeOeeve Deewj DeeefmleeeB ee oseleeDeeW Hej DeemLeefiele kej ceW eg
HeefjJele&ve eeefceue nQ~
10) TAXES ON INCOME

Income Tax comprises the current tax provision and net change in
deferred tax assets or liabilities in the year, in accordance with the
Accounting Standard 22 , Accounting for Taxes on Income issued
by ICAI.
73
Devegmeteer - 18
SCHEDULE 18
uesKes Hej efHHeefCeeeB
NOTES FORMING PART OF ACCOUNTS
1.
Je<e& kes oewjeve yeQke ves Heleske Hees 10/- cetue kes 1600 esejeW kees peyleer kees j
efkeee~ HeefjCeecemJeHe . 10/- Heefle esej kes Debefkele cetue Hej Hees 16000 keer
meceie jeefe egkelee Hetbpeer ceW pees[er ieF&~ Hees 15000/- keer jeefe peyleer esej
Keeles mes Debleefjle keer ieF& nw Deewj Hees 13500/- keer jeefe esej Heerefceej Keeles ceW
Debleefjle keer ieF& nw~
1.
During the year, the Bank annulled the forfeiture in respect of 1600
equity shares of Rs. 10 each. Consequently, an aggregate amount
of Rs.16000 representing the face value of Rs. 10 per share has
been added to the Paid-up Capital; an amount of Rs.15000 has been
transferred from Forfeited Shares Account and an amount of
Rs.13500 has been transferred to Share Premium Account.
2.
eeJeOeeveeW SJeb DeekeefmcekeleeDeeW ceW HetJe& Je<eeX ceW Gvekes efJeMuesef<ele cetue kes yepeee
ueeiele Hej Demeteerye FefkeJeef MesejeW kes cetueebkeve nsleg Yeejleere efj]peJe& yeQke kes
[êHe mebMeesefOele efoMeeefveoxMeeW kes DevegHe yeves jnves nsleg, meefee GHeee kes He ceW,
cetueeme kes ceeOece mes .20.63 kejes[ keer jeefMe kee efkeee ieee eeJeOeeve
Meeefceue nQ~
2.
Provisions and Contingencies include an amount of Rs. 20.63

crores provided by way of depreciation, as a proactive measure ,
to be in line with the draft revised guidelines of RBI for valuing the
unlisted equity shares at cost as against their breakup value in
earlier years.
3.
meyeefme[jer uespej KeeleeW kes es<e efce}eve Deewj es<eeW kee efJeoseer eeKeeDeeW SJeb veesees
KeeleeW mes Hegef<kejCe / meceeOeeve Deewj Geble, [êHe HesSyeue, meceeeesOeve-Deblej
Deeefo mebyebOeer HeefJeef<DeeW kee meceeeespeve keee& ueieeleej Heieefle Hej nw ~
3.
Balancing of Subsidiary Ledger Accounts and confirmation/

reconciliation of balances with foreign branches and NOSTRO
Accounts, and adjustment of entries in Suspense, Drafts Payable,
Clearing Difference, etc. is in progress on an on-going basis
Initial matching of entries in respect of inter-branch transactions
till 31st March 2007, is continuing to be carried out. Matching/
reconciliation of balance entries is being followed-up. Pending final
clearance/adjustment of the above, the overall impact, if any, on
the accounts, in the opinion of the management, is not likely to be
significant.
31 ceee& 2007 leke Deblej eeKee mebJeJenejeW kes mebyebOe ceW HeefJeef<eeW kee HeejbefYeke
efce}eve efkeee pee jne nw~ es<e HeefJeef<eeW kes efce}eve/meceeOeeve nsleg DevegJeleea kej&JeeF&
kees pee jner nw~ GHeeg&kele meceeeespeve/Debeflece efveHeeve kee meceie HeYeeJe uesKes Hej eefo
keesF& neslee nw lees Jen HeyebOeve kes celeevegmeej veieCe jnsiee~
4.
Yeejleere efj]peJe& yeQke eje peejer efoeeefveoxeeW keer eleeW& kes Devegmeej efvecveefueefKele
metevee kee HekeerkejCe efkeee ieee nw
4.
S) Hetbpeer
The following information is disclosed in terms of guidelines issued

by RBI:
(a) Capital :
31.03.2007 31.03.2006
ceoW
i) meerDeejSDeej (%)
11.58%
10.75%
ii) meerDeejSDeej - efej I Hetbpeer (%)
6.54%
6.75%
iii) meerDeejSDeej - efej II Hetbpeer (%)
5.04%
4.00%
iv) Yeejle mejkeej keer esej Oeeefjlee kee
69.47%
69.47%
Heefleele
v) Je<e& kes oewjeve DeHej efej II (. kejes[ ceW)
1779.48
950.00
vi) Je<e& kes oewjeve efej I Hetbpeer kes He ceW veJeesvce<eer
mLeeeer $eCe efueKele keer jeefMe
(etSme[er 85 efceefueeve)
369.47
-
Items
i) CRAR (%)
ii) CRAR - Tier I Capital (%)
iii) CRAR - Tier II Capital (%)
iv) Percentage of the shareholding of
the Government of India.
v) Amount of Upper Tier-II instruments
raised during the year (Rs. in crores)
vi) Amount of Innovative Perpetual Debt
Instruments raised as Tier I capital
(USD 85 million) during the year
31.03.2007 31.03.2006
11.58%
6.54%
5.04%
69.47%
10.75%
6.75%
4.00%
69.47%
1779.48
950.00
369.47
yeQke ves efvecveefueefKele kees efej II Hetbpeer kes He ceW Deefpe&le efkeee nw
The Bank has raised the following as Tier II Capital :
i) 31.03.1995 kees meceeHle Je<e& kes oewjeve Yeejle mejkeej mes ieewCe $eCe kes He
ceW . 348.22 kejes[~ Yeejleere efj]peJe& yeQke kes efoeeefveoxeeW kes Devegmeej
. 348.22 kejes[ ceW mes . Metve (efJeiele Je<e& . 69.64 kejes[)
jeefMe efej-II Hetbpeer kes He ceW ceeveer ieeer nw~
(i)
74
Rs. 348.22 crores as Subordinated Debt from Government of India

during the year ended 31.03.1995. Out of Rs. 348.22 crores, an
amount of Rs. Nil (Previous year Rs. 69.64 crores) has been reckoned
for Tier II capital as per RBI guidelines.

(ii)
DeeefleYetle iewj-HeefjJele&veere ceeseveere ieewCe yeeC[ kee efvepeer efveJesMe Fme ekeej nw
Je<e& efpemeceW eeHle

efkeee ieee
jeefMe
2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
2006-07
200.00
160.00
450.00
550.00
300.00
950.00
1779.48
(ii) Private placement of Unsecured Non-Convertible Redeemable

Subordinated Bonds as under:
(. kejes[ ceW)
efej-II Hetbpeer keer ieCevee
(Yeejleere efj]peJe& yeQke
kes efoMeeefveoxMeeW kes Devegmeej
(Rs. in crores)
0.00
0.00
270.00
550.00
300.00
950.00
1779.48
Raised during
the year
Amount
Reckoned for Tier-II Capital

( as per RBI guidelines )
2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
2006-07
200.00
160.00
450.00
550.00
300.00
950.00
1779.48
0.00
0.00
270.00
550.00
300.00
950.00
1779.48
(b) Non-performing assets (NPAs)
yeer) Devepe&ke DeeefmleeeB (SveHeerS)

31 ceee& 2007 kees Meg DeefeceeW ceW Meg SveHeerS keer eefleMelelee 0.74 (efJeiele
Je<e& 1.49) jner~
The percentage of net NPAs to net advances as at 31st March,

2007 is 0.74 (Previous year 1.49).
meer) eeJeOeeve SJeb DeekeeqmcekeleeSb

ueeYe SJeb neefve Keeles ceW oMee&S ieS eeJeOeeve SJeb DeekeefmcekeleeDeeW kee efJeJejCe
efvecveevegmeej nw
(c)
Provisions & Contingencies :

The break-up of Provisions and Contingencies appearing
in the Profit and Loss Account is as under :
(. kejes[ ceW)
ceoW
Devepe&ve DeeefmleeeW nsleg eeJeOeeve
efveJesMeeW kes cetue ceW cetueeme
kejeOeeve nsleg eeJeOeeve
DeemLeefiele kejeOeeve (Deeefmle)
ceeveke DeeefmleeeW kes efueS eeJeOeeve
osMe keer peesefKece kes efueS eeJeOeeve
Deve eeJeOeeve
kegue ]pees[
2006-07
2005-06
556.89
535.61
13.34
91.31
428.10
199.74
(18.41)
(Rs. in crores)
Items
2006-07
2005-06
556.89
535.61
13.34
91.31
Provision for Taxation
428.10
199.74
14.48
Deferred Taxation ( Asset )
(18.41)
14.48
217.22
88.51
Provision on Standard Assets
217.22
88.51
5.28
3.00
5.28
3.00
69.41
67.13
69.41
67.13
1271.82
999.78
1271.82
999.78
2006-07
2005-06
7.23
6.78
Provision for NPA

Depreciation in Value of Investments
Provision for Country Risk

Other Provisions
Grand Total
[er) keejesyeej DevegHeele

ceoW
(i) Deewmele keee&Meerue efveefOeeeW ceW yeepe
Deee kee eefleMele
(ii) Deewmele keee&Meerue efveefOeeeW ceW iewj yeepe
Deee kee eefleMele
(iii) Deewmele keee&Meerue efveefOeeeW ceW Heefjeeueve
ueeYe kee eefleMele
(iv) DeeefmleeeW Hej eefleHeue
(v) eefle kece&eejer keejesyeej (. ueeKeeW ceW)
(Deblej yeQke peceejeefMeeeW kees es[kej Deewj
DeefeceeW kees pees[kej)
(vi) eefle kece&eejer ueeYe (. ueeKe ceW)
(d) Business Ratios :

2006-07
Items
2005-06
7.23
6.78
(i) Interest Income as a percentage

to average working funds
1.23
1.14
(ii) Non-Interest Income as a percentage

1.23
1.14
1.89
1.64
(iii)Operating Profit as a percentage

1.89
1.64
0.88
0.68
(iv) Return on Assets
0.88
0.68
498
381
(v) Business per employee (Rs. in lacs)

(deposits excluding inter-bank,
plus advances)
498
381
2.71
1.66
(vi) Profit per employee (Rs. in lacs)
2.71
1.66
75
F&) Deeefmle oselee HeyebOeve
(e) Asset Liability Management
DeeefmleeeW SJe oseleeDeeW kes keg ceoeW kee HeefjHekeJelee Hekeej
Maturity pattern of certain items of assets and liabilities

( . kejes[ ceW / Rs. in crores)
1 mes 14 efove
15 mes
28 efove
29 efove mes
3 cenerveeW mes
3 cenerves DeefOeke SJeb 6
6 cenerveeW mes
1 Je<e& mes
DeefOeke SJeb
3 Je<eeX leke
3 Je<eeX mes
DeefOeke SJeb
5 Je<eeX leke
5 Je<e& mes
pees[
cenerveeW leke
DeefOeke SJeb
1 Je<e& leke
1 to 14 days
15 to
28 days
29 days to
Over 3
3 months months &
up to
6 months
Over 6
months &
up to
1 year
Over 1
year &
up to
3 years
Over 3
years &
up to
5 years
Over
5 years
Total
Deposits
24958.33
11199.18
13175.78
14319.27
11151.19 32653.01
6421.89
6003.09 119881.74
Advances
14881.68
3742.27
11046.61
7216.46
8118.35 19793.50
7305.78 12831.24
84935.89
Investments
75.15
249.56
1200.28
922.19
1453.92
5039.77
6577.12 19974.77
35492.76
Borrowings
2498.16
59.05
941.80
194.19
379.11
837.22
1165.91
545.39
6620.83
Foreign Currency assets
1078.77
239.87
1798.66
284.77
1148.31
91.24
17.14
1604.59
6263.35
Foreign Currency liabilities
1076.47
480.24
716.74
1942.42
1117.69
966.69
89.44
165.66
6555.35
ceoW Items
leke
DeefOeke
peceejeefMeeeb
Deefece
efveJesMe
GOeej
efJeosMeer cege Deeefmleeeb

efJeosMeer cege oseleeSb
GHeeg&kele Deebke[es kee meceskeve Yeejleere efj]peJe& yeQke kes efoeeefveoxeeW Deewj HeyebOeve eje ueieeS ieS Devegceeve kes DeeOeej Hej efkeee ieee nw Deewj uesKee Hejer#ekeeW eje ceeve efkeee ieee nw~
The above data has been compiled on the basis of the guidelines of RBI and certain assumptions made by management and has been relied upon by
auditors.
SHe) Deeefmle iegCeJelee

Devepe&ke Deeefmleeeb
(i)
ceoW
Meg DeefeceeW ceW mes Meg SveHeerS (%)
SveHeerS (mekeue) kes efueS Heefjeeueve

DeejbefYeke Mes<e
Je<e& kes oewjeve Ie
Fefle Mes<e
(iii) Meg SveHeerS (mekeue) kes efueS Heefjeeueve
DeejbefYeke Mes<e
Je<e& kes oewjeve Ie
Fefle Mes<e
(iv) SveHeerS (ceeveke DeeefmleeeW Hej eeJeOeeve kees
es[kej) kes efueS eeJeOeeve kee Heefjeeueve
DeejbefYeke Mes<e
Je<e& kes oewjeve yeveees iees eeJeOeeve
DeefOeke eeJeOeeve kees yes Keeles efueKevee/Hegvejebkeve kejvee
Fefle Mes<e
(f)
(. kejes[ ceW)
2006-07
2005-06
0.74%
1.49%
2479.18
946.92
1325.61
2100.49
3155.91
709.19
1385.92
2479.18
969.50
221.34
558.81
632.03
1554.28
174.15
(758.93)
969.50
(Rs. in crores)
Items
2006-07
2005-06
0.74%
1.49%
(ii) Movement of NPAs (Gross)

Opening balance
Reductions during the year
Closing balance
2479.18
946.92
1325.61
2100.49
3155.91
709.19
1385.92
2479.18
(iii) Movement of Net NPAs

Opening balance
Closing balance
969.50
221.34
558.81
632.03
1554.28
174.15
(758.93)
969.50
1331.69
556.89
534.17
1354.41
1415.22
535.61
619.14
1331.69
(i) Net NPAs to Net Advances (%)
(ii)
1331.69
556.89
534.17
1354.41
Asset Quality
Non-Performing Assets
(iv) Movement of provisions for NPAs

(excluding provisions on standard assets)
Opening balance
Provisions made during the year
Write-off/ write-back of excess provisions
Closing balance
1415.22
535.61
619.14
1331.69
Note : Net NPA is arrived at after adjusting NPA Provisions/Credits of

Unrealised Interest/ECGC claims settled etc. lying in Sundry Credits,
unadjusted.
efHHeCeer Meg SveHeerS efJeefJeOe pecee ceW He[s ngS iewj Jemetueer yeepe/]F&meerpeermeer oeJes efveHeeve
Fleeefo kes SveHeerS eeJeOeeve/yekeeeeW kes meceeeespeve kes HeMeele eeHle ngS nQ~
76

(peer) mebJesoveMeerue #es$e kes efueS GOeej osvee
efjeue Fms #es$e kes efueS SkemeHeespej

(g)
31.03.2007
31.03.2006
9744.31
5827.11
7053.33
4300.10
3850.84
3339.94
2569.94
1074.94
vesMeveue neGefmebie yeQke (SveSeyeer) Deewj

neGefmebie HeeFveWme kebHeveer (SeSHemeer) Hej
efveefOe DeeOeeefjle SJeb iewj efveefOe DeeOeeefjle
SkemeHeespej
3054.02
121.04
452.07
121.04
452.07
--
--
(Rs. in crores)
Category
a) Direct exposure
(i) Residential Mortgages
- Out of which housing loans upto
Rs. 15 Lakhs
(ii) Commercial Real Estate
(iii) Investments in Mortgage
Backed Securities (MBS) and
other securitised exposures
a. Residential,
b. Commercial Real Estate.
31.03.2007
31.03.2006
9744.31
5827.11
7053.33
4300.10
3850.84
3339.94
2569.94
1074.94
121.04
452.07
121.04
452.07
--
--
3054.02
2668.65
b) Indirect Exposure
Hetbpeer yeepeej ceW SkemeHeespej
(i)
Exposure to Real Estate Sector
(. kejes[ ceW)
eJeie&
S) ele#e SkemeHeespej
(i) DeeJeemeere yebOeke
- efpemeceW mes
. 15 ueeKe leke DeeJeeme $eCe
(ii) JeJemeeefeke efjeue Fms
(iii) efiejJeer jKeer ieeer eefleYetefleeeW (SceyeerSme)
Deewj Deve eefleYeteflele SkemeHeespej
ceW efveJesMe
S. DeeJeemeere
yeer. JeJemeeefeke efjeue Fms
yeer) Deele#e SkemeHeespej
ceoW
FefkeJeer Mesej ceW efkeS iees efveJesMe
Lending to Sensitive Sector
Fund based and non-fund based

exposures on National Housing
Bank (NHB) and Housing Finance
Companies (HFCs).
2668.65
Exposure to Capital Market
(. kejes[ ceW)
31.03.2007
31.03.2006
233.77
135.00
--
--
(Rs. in crores)
Items
31.03.2007
31.03.2006
Investments made in equity shares,
233.77
135.00
(ii) Investments in convertible bonds /

convertible debentures
--
--
(i)
(ii)
yeeb[/HeefjJele&veere ef[yeWejeW ceW

efveJesMe
(iii)
FefkeJeer GvcegKe cetegDeue HeC[ kes

etefve ceW efveJesMe
136.12
27.58
(iii) Investments in units of

equityoriented mutual funds
136.12
27.58
(iv)
FefkeJeer MesejeW (DeeF&HeerDees/F&SmeDeesHeerSme

meefnle) yeeb[ SJeb $eCeHe$eeW, FefkeJeer
GvcegKe cetegDeue Heb[eW keer
etefve ceW efveJesMe kes efueS MesejeW kes
mece#e Deefece
304.97
84.25
(iv) advances against shares to

individuals for investment in equity
shares (including IPOs/ESOPS),
bonds and debentures, units of equity
oriented mutual funds
304.97
84.25
(v)
meke yeeskejeW kees peceeveleer SJeb iewj

peceeveleer Deefece SJeb meke yeeskejeW leLee
yee]peej efveOee&jkeeW keer Deesj mes
peejer ieejbefeeb
1166.62
1030.59
1166.62
1030.59
Hetbpeer yeepeej ceW kegue SkemeHeespej
1841.48
1277.42
1841.48
1277.42
Metve
Metve
NIL
NIL
(v) secured and unsecured advances

to stockbrokers and guarantees
issued on behalf of stockbrokers
and market makers:
Total Exposure to Capital Market
(i+ii+iii+iv+v)
(i+ii+iii+iv+v)
(vi)
GHejeskele (v) ceW mes ceeefpe&ve ^sef[bie kes efueS

me@ke yeeskejeW kees kegue efJeeHees<eCe
(vi) Of (v) above, the total finance extended

to stockbrokers for margin trading.
77
Se) Hegveie&ve kes DeOeOeerve $eCe DeeefmleeeW kee yeewje
(h) Details of Loan Assets subjected to Restructuring
(. kejes[ ceW)
ceoW
(i) Hegveie&ve, HegveefveOee&jCe, HegveHejkeceCe kes
DeOeOeerve $eCe DeeefmleeeW keer
kegue jkece
- pees meer[erDeej kes Debleie&le neW
- pees SmeSceF& kes Debleie&le neW
(ii) Hegveie&ve, HegveefveOee&jCe, HegveHejkeceCe kes
DeOeOeerve ceeveke DeeefmleeeW keer
kegue jkece
(iii) Hegveie&ve, HegveefveOee&jCe, HegveHejkeceCe kes
DeOeOeerve DeJe-ceeveke DeeefmleeeW keer
kegue jkece
- pees meer[erDeej kes Debleie&le nes
- pees SmeSceF& kes Debleie&le nes
(iv) Hegveie&ve, HegveefveOee&jCe, HegveHejkeceCe kes
DeOeOeerve mebefoiOe DeeefmleeeW keer
keg} jkece
efHHeCeer [(i) = (ii)+(iii)+(iv)]
2006-07
2005-06
232.59
140.20
92.54
215.34
69.49
21.78
94.06
84.26
0.54
35.77
20.49
1.69
-0.54
16.71
-1.27
44.45
-7.74
33.72
0.02
(Rs. in crores)
Items
(i) Total amount of loan assets
subjected to restructuring,
rescheduling, renegotiation;
- of which under CDR
- of which to SME
(ii) The amount of Standard assets
- of which to SME
(iii) The amount of Sub-Standard
assets subjected to restructuring,
- of which to SME
(iv) The amount of Doubtful assets
- of which to SME
Note: [(i) = (ii)+(iii)+(iv)]
DeeF&) Deeefmle Hegveie&ve kes ef}S Heelf eYetelf ekejCe/Hegveie&ve kebHeveer kees yeseer ieF& efJeeere
DeeefmleeeW kee efJeJejCe
(. kejes[ ceW)
ke. efJeJejCe
2006-07
2005-06
1
2
3
4
KeeleeW keer mebKee

Smemeer/Deejmeer kees yeses iees KeeleeW kee
keg} cetue
(HeeJeOeeveeW mes Ieekej)
keg} HeefleHeue
efJeiele Je<eex ceW Debleefjle KeeleeW ceW Jemetue
efkeee ngDee Deefleefjkele
HeefleHeue
efveJeue yener cetue Hej
kegue Deee/neefve
(i)
2006-07
232.59
140.20
92.54
215.34
69.49
21.78
94.06
84.26
0.54
35.77
20.49
1.69
-0.54
16.71
-1.27
44.45
-7.74
33.72
0.02
Details of Financial Assets sold to Securitisation /Reconstruction

Company for Asset Reconstruction.
(Rs. in crores)
Sr.
No.
Particulars
2006-07
2005-06
11
11
Number of Accounts
51.89
37.10
Aggregate Value (Net of

Provisions) of accounts
sold to SC/RC
51.89
37.10
83.50
43.07
Aggregate consideration
83.50
43.07
--
--
Additional Consideration
realised in respect of accounts
transferred in earlier years
--
--
31.61
5.97
Aggregate Gain/(Loss) over

Net Book Value
31.61
5.97
pes) Je<e& kes oewjeve Hegve Kejero/HeefleJeleea Hegve Kejero meewoeW kee yeewje
j)
2005-06
(. kejes[ ceW)
Details of Repo / Reverse Repo deals done during the year
(Rs. in crores)
Je<e& kes oewjeve

vetvelece yekeeee
Minimum
outstanding
during the year
Je<e& kes oewjeve

Je<e& kes oewjeve
DeefOekelece yekeeee owefveke Deewmele yekeeee
Maximum
outstanding
during the year
Daily Average
outstanding
during the year
eLee
31 ceee& 2007
As on March
31, 2007
Hegve Kejero kes Debleie&le yeseer ieF& HeefleYetefleeeB
Securities sold under Repo
226.14
2187.85
565.72
936.30
Hegve Kejero kes Debleie&le Kejeroer ieF& HeefleYetefleeeB
Securities purchased under

reverse Repo
150.00
2300.00
86.98
NIL
FmeceW Yeejleere efj]peJe& yeQke kes meeLe vekeoer meceeeespeve megefJeOee (SueSSHe) kes Devleie&le efkeS ieS meewos eeefceue nQ (ceeefpe&ve kees es[kej)
The above includes deals done under Liquidity Adjustment Facility (LAF) with RBI (net of margin).
78
kes) efveJese
(k) Investments
ceoW
(1)
(2)
efveJeseeW kee cetue

(i) efveJeseeW kee kegue cetue
(S) Yeejle ceW
(yeer) Yeejle kes yeenj
(ii) cetueeme kes efueS HeeJeOeeve
(S) Yeejle ceW
(iii) efveJeseeW kee Meg cetue
(S) Yeejle ceW
efveJese kee cetueeme kes mece#e efkeS ngS
HeeJeOeeveeW kee Heefjee}ve
DeejbefYeke es<e
pees[s Je<e& kes oewjeve efkeS ngS HeeJeOeeve
IeeSb Je<e& kes oewjeve DeefOeke HeeJeOeeve
efvekeeuevee Hegvejebkeve
Fefle es<e
Jele&ceeve
Je<e&
(. kejes[ ceW)
HetJe&
Je<e&
(Rs. in crores)
Items
Current
Year
Previous
Year
(1) Value of Investments

31179.62
4534.70
26632.24
5445.76
(i) Gross Value of Investments

(a) In India
(b) Outside India
31179.62
4534.70
26632.24
5445.76
211.52
10.04
280.68
15.57
(ii) Provisions for Depreciation

(a) In India
(b) Outside India
211.52
10.04
280.68
15.57
30968.10
4524.66
26351.56
5430.19
30968.10
4524.66
26351.56
5430.19
296.24
58.20
204.93
119.96
132.88
221.56
28.65
296.24
296.24
58.20
204.93
119.96
132.88
221.56
28.65
296.24
(iii) Net Value of Investments

(a) In India
(b) Outside India
(2) Movement of provisions held
towards depreciation on investments.
Opening balance
Add: Provisions made during the year
Less: Write-off/ write-back of excess
provisions during the year
Closing balance
Sue) iewj-SmeSueDeej efveJese keer mebjevee

(l)
(. kejes[ ceW)
Issuer Composition of Non-SLR Investments Portfolio
ke.
meb.
peejerkelee&
Sr.
No.
Issuer
(1)
(Rs. in crores)
jeefe
efvepeer H}smeceW
keer meercee
èfveJese esCeer mes

efvecvelej' HeefleYetefleeeW
keer meercee
jsefbiejefnle
HeefleYetefleeeW
keer meercee
Demeteerye
HeefleYetefleeeW
keer meercee
Amount
Extent of
Private
placement
Extent of
below investment
grade securities
Extent of
unrated
securities
Extent of
un-listed
Securities
(2)
(3)
(4)
(5)
(6)
(7)
meeJe&peefveke GHekece
efJeeere mebmLeeSB
PSUs
1063.98
923.79
21.51
65.00
28.33
FIs
1578.95
1269.40
0.00
152.03
596.32
yeQke
4
efvepeer keeHeexjs
5
meneeke kebHeefveeeB/
mebegkele Gece
6
Deve
7.
pees[
IeeSB cetueeme kes ef}S
efkeee ieee HeeJeOeeve
eg
Sce) Devepe&ke iewj-SmeSueDeej efveJese
Banks
2044.89
556.14
32.94
179.37
495.24
Private Corporates
2527.96
1524.46
183.48
543.71
1005.58
174.73
174.73
0.00
0.00
174.73
Others
2211.16
83.62
0.00
0.00
48.84
Total
9601.67
4532.14
237.93
940.11
2349.04
206.05
XXXXXX
XXXXXX
XXXXXX
XXXXXX
9395.62
4532.14
237.93
940.11
2349.04
1
2
3
efJeJejCe
DeLees<e
Gkele DeJeefOe kes oewjeve keewefleeeb
Feflees<e
Oeeefjle kegue HeeJeOeeve
Subsidiaries/
Joint Ventures
Less: Provisions held

towards Depreciation
NET
(m) Non-performing Non-SLR Investments
(. kejes[ ceW)
2006-07
2005-06
175.93
172.52
3.34
10.95
95.36
7.54
83.91
175.93
83.91
132.94
( Rs. in crores)
Particulars
2006-07
2005-06
175.93
172.52
3.34
10.95
95.36
7.54
Closing balance
83.91
175.93
Total provisions held
83.91
132.94
Opening balance
79

Sve) yeQke eje ye{eF& ieF& Skeue GOeejkelee& meercee (SmepeerSue), meecetefnke
GOeejkelee& meercee (peeryeerSue) kee efJeJejCe
(. kejes[ ceW)
De. GOeejkelee& kee veece
SkemeHeespej mJeerke=le 31.03.07 kees
ke.
meercee
meercee
yekeeee

(n) Details of Single Borrower Limit (SGL), Group Borrower Limit
(GBL) exceeded by the bank.
(Rs. in crores)
Sr. Name of the Borrower
No.
Exposure
Limit
Ceiling Sanctioned
1.
neGefmebie [sJeueHeceW HeeFveWme

keeHeexjseve efueefces[
(Se[erSHemeer efue.)
1087.10
1436.95
1415.76
1.
Housing Development
Finance Corporation
Ltd. (HDFC Ltd.)
1087.10
1436.95
Outstanding
as on
31.03.07
1415.76
2.
Sej Fbef[ee efue.
1087.10
1391.19
1387.16
2.
Air India Ltd.
1087.10
1391.19
1387.16
Dees) SkemeHeespej keer esCeer kes Devegmeej ose kee peesefKece Deewj lelmebyebOeer
HeeJeOeeve
(. kejes[ ceW)
2006-07
2005-06
ke. peesefKece esCeer
meb.
ose kee
Oeeefjle
ose kee
Oeeefjle
peesefKece HeeJeOeeve peesefKece HeeJeOeeve
1 veieCe
10533.71
5540.96
2 efvecve
1938.08
4734.04
3 meeOeejCe
247.11
415.16
4 Ge
405.24
171.69
5 yengle Ge
53.72
374.44
6 eefleyebefOele
13.36
7 Dee@He esef[
4.77
7.75
kegue
13195.99
20.00
11244.04 14.72
(o)
(Heer) [sefjJesefJe
Jeeeoe oj DevegyebOe/yeepe oj mJewHe
(p) Derivatives
Forward Rate Agreement/ Interest Rate Swap
Risk Category wise Country Exposures and Provisions there

against.
(Rs. in crores)
Sr. Risk Category

No.
1
2
3
4
5
6
7
Insignificant
Low
Moderate
High
Very High
Restricted
Off credit
Total
2006-07
2005-06
Country
Exposure
Provision Country Provision

held
Exposure
held
10533.71
1938.08
247.11
405.24
53.72
13.36
4.77
13195.99
5540.96
4734.04
415.16
171.69
374.44
20.00
7.75
11244.04
(. kejes[ ceW)
i)
ii)
iii)
iv)
v)
ceoW
31.03.2007
31.03.2006
mJewHe DevegyebOe keer keefuHele

cetue jeefe
mebyebefOele He#eeW eje DeHeves oeefelJe
Hetefle& ve efkeS peeves kes He}mJeHe
nesves Jeeueer neefveeeb
mJewHe Heefkeee DeHeveeves Hej yeQke eje
DeHesef#ele mecHeeefMJe&ke HeefleYetefle
mJewHe mes DeeS kesef[ peesefKece
kee mebkesCe
mJewHe yener kee Gefele cetue
22492.81
12961.24
285.38
117.31
(A)
(A)
(B)
(B)
8.31
4.30
(Rs. in crores)
Items
31.03.2007
31.03.2006
22492.81
12961.24
285.38
117.31
iii) Collateral required by the bank upon

entering into swaps
(A)
(A)
iv) Concentration of credit risk arising

from the swaps
(B)
(B)
8.31
4.30
i) The notional principal of

swap agreements
ii) Losses which would be incurred if
counterparties failed to fulfil their
obligations under the agreements
v) The fair value of the swap book
efHHeCeer mJewHe kes Debleie&le ee lees efmLej yeepe HeeHle kejves Deewj Heueesefbie oj keer Deoeeieer
DeLeJee efmLej yeepe keer Deoeeieer Deewj Heueesefbie oj HeeHle kejves leLee Fve yeepe DeeOeeefjle
DeeefmleeeW Deewj oseleeDeeW/^sef[bie Gse kes efueS Heeflej#ee yeepe oj mes nw~
S)
14.72
Note : The terms of swaps are either to receive fixed interest and pay
floating rate or to pay fixed interest and receive floating rate and are
undertaken to hedge interest rate risk on interest bearing assets and
liabilities/trading purposes.
mJewHe kes efueS mecHeeefMJe&ke HeefleYetefle keer DeeJeekelee ee lees yeQke DeLeJee Heerefceej
keeHeexjs mes meceke#e He ceW veneR Leer~
(A) No collateral were required for the swaps as counterparty was either
banks or premier corporates.
yeer) Je<e& kes oewjeve yeepe oj mJewHe mes GlHevve kepe& peesefKece kee keesF& mebkesvCe
veneR nw~
(B) There is no concentration of credit risk arising from the interest rate
swaps undertaken during the year.
80

keet) efJeefveecee JeeHeej yeepe oj [sefjJesefJe
meb.
(i)
(ii)
(iii)
(iv)
efJeJejCe
Je<e& kes oewjeve ef}es iees efJeefvecee JeeHeej yeepe
oj [sefjJesefJe keer keefuHele cetue jeefe
(efueKele-Jeej)
ke)
Ke)
ie)
eLee 31 ceee& 2007 kees efJeefvecee JeeHeej yeepe oj
[sefjJesefJe keer keefuHele cetue jeefe
(efueKele-Jeej)
ke)
Ke)
ie)
yekeeee efJeefvecee JeeHeej yeepe oj [sefjJesefJe
keer keefuHele cetue jeefe Deewj pees `Ge HeYeeJeer' veneR nes
(efueKele-Jeej)
ke)
Ke)
ie)
yekeeee efJeefvecee JeeHeej yeepe oj [sefjJesefJe
kee yeepeej JesefOele cetue Deewj pees `Ge HeYeeJeer' veneR nes
(efueKele-Jeej)
ke)
Ke)
ie)

(q) Exchange Traded Interest Rate Derivatives :
(. kejes[ ceW)
jeefe
(Rs. in crores)
No.
Particulars
(i)
Notional principal amount of exchange traded interest

rate derivatives undertaken during the year
(instrument-wise)
a)
b)
c)
etve
(ii)
etve
Notional principal amount of exchange traded interest

rate derivatives outstanding as on 31st March 2007
(instrument-wise)
a)
b)
c)
etve
(iii) Notional principal amount of exchange traded interest

rate derivatives outstanding and not highly effective
(instrument-wise)
a)
b)
c)
(iv)
etve
(Deej) [sefjJesefJe ceW efveJesMe peesefKece (SkemeHeespej)

(i) iegCeelceke ekeve
yeQke legueve He$e keer DeeefmleeeW Deewj oseleeDeeW keer eeflej#ee kes efueS DeLeJee
keejesyeejer GsMeeW Deewj eenke keer pejleeW kees Hetje kejves kes efueS [sefjJesefJe
mebefJeoeSb kejlee nw pewsmes efke yeepe-oj Deouee-yeoueer, cege Deouee-yeoueer
Deewj cege leLee HejmHej uesveosve keer cege kee efJekeuHe~ cetuele es GlHeeo peesefKece
keer eeflej#ee, ueeiele Ieeves leLee Ssmes mebJeJenejeW mes Deee ye{eves kes efueS eeesie
efkeS peeles nQ~ yeQke Fme ekeej kes JeJenej ceW efpeme ekeej kes peesefKeceeW kee
meecevee kejleer nQ, Jes nQ $eCe peeWefKece, yeepeej peesefKece, Heefjeeueveiele peesefKece
Deeefo~
peesefKece eyebOeve yeQke kes keejesyeej eyebOeve kee Ske cenlJeHetCe& Yeeie nw~ peesefKece
keer Heneeve kejves Deewj Gvekee efJeMues<eCe kejves, mecegefele peesefKece meerceeSb
efveOee&efjle kejves Deewj Gve peesefKeceeW Deewj meerceeDeeW keer efJeemeveere Deewj Deeleve
eyebOeve metevee eCeeefueeeW kes peefjS osKejsKe jKeves kes efueS yeQke ves peesefKece
eyebOeve veerefleeeb leweej keer nQ~ peesefKece eyebOeve veerefleeeb Deewj ecegKe efveeb$eCe
meerceeSb efveosMeke ceb[ue eje Devegceesefole keer ieF& nQ Deewj Gvekeer efveeefcele
DeeOeej Hej osKe-jsKe leLee meceer#ee keer peeleer nw~
DeOe#e SJeb eyebOe efveosMeke keer DeOe#eleeb ceW yeQke kes efveosMekeeW keer peesefKece
eyebOeve meefceefle nw~
eeflej#ee [sefjJesefJe kee uesKeebkeve eesodYeJeve kes DeeOeej Hej efkeee peelee nw~
keejesyeejer [sefjJesefJe keer efmLeefle yeepeej cetue Hej nesleer nw Deewj eefo keesF& neefve
nes lees Gmes ueeYe-neefve Keeles ceW efoKeeee peelee nw~ eefo keesF& ueeYe nes lees veneR
efoKeeee peelee~ yeepe ojeW keer Deouee-yeoueer mes mecye Deee Deewj Jee
efveHeeve leejerKe Hej efveOee&efjle nesles nQ~ keejesyeejer Deouee-yeoueer keer meceeefHle
kes keejCe nesvesJeeues ueeYe ee neefve lelkeeue Deee ee Jee kes mJeHe ceW ope&
efkeS peeles nQ~
mecegefele eeefOekeejer kees efjHeesx DeeJeefOeke DeeOeej Hej emlegle keer peeleer nQ~
Mark-to-market value of exchange traded interest rate

derivatives outstanding and not highly effective
(instrument-wise)
a)
b)
c)
Amount
NIL
NIL
NIL
NIL
( r ) Risk Exposure in Derivatives

(i)
Qualitative Disclosure
The Bank enters into derivative contracts such as interest rate
swaps, currency swaps and currency and cross currency options
to hedge on balance sheet assets and liabilities or for trading
purposes and to meet client requirements. Basically, these
products are used for hedging risk, reducing cost and increasing
the yield. In such transactions the types of risk to which the Bank
is exposed to are credit risk, market risk, operational risk etc.
Risk management is an integral part of Banks business
management. Bank has risk management policies designed to
identify and analyse risks, to set appropriate risk limits and to
monitor these risks and limits by means of reliable and up to
date management information system. The risk management
policies and major control limits are approved by the Board of
Directors and they are monitored and reviewed regularly.
The Bank has a Risk Management Committee of Directors
presided over by The Chairman and Managing Director.
Hedging derivatives are accounted for on an accrual basis.
Trading derivative positions are marked to market (MTM) and
the resulting losses, if any, are recognised in the profit and loss
account. Profit, if any, is not recognised. Income and expenses
relating to interest rates swaps are recognised on the settlement
date. Gains or losses on termination of the trading swaps are
recorded immediately as income or expenses.
Reports are submitted periodically to appropriate authority.
mebJeJenejeW kes eefleHe#e yeQke Deewj keejHeesjs mebmLeeve nQ~ meewos Devegceesefole
efveJesMe peesefKece meerceeDeeW kes Deboj efkeS peeles nQ~ [sefjJesefJe GlHeeoeW kes $eCe
The counter parties to the transactions are banks and corporate

entities. The deals are done under approved exposure limits.
81

efveJesMe kes ceeHeve nsleg Yeejleere efj]peJe& yeQke eje efveOee&efjle eeuet efveJesMe Heefle
kees yeQke ves DeHeveeee nw~ en Heefle meb#esHe ceW efvecveefueefKele Devegmeej nQ

The Bank has adopted the current exposure method prescribed
by Reserve Bank of India for measuring Credit Exposure of
Derivative Products. The method adopted in brief is as follows:
The Bank aggregates
1. The total replacement cost (obtained by marking to market) of
all its contracts with positive value (i.e. when the Bank has to
receive money from the counter party) and
2. An amount for potential future changes in credit exposure
calculated on the basis of the total notional principal amount
of the contract multiplied by the following credit conversion
factors according to the residual maturity.
yeQke kees pees[vee eeefnS

1.
Oeveelceke cetue kes meeLe Fmekes meYeer mebefJeoeDeeW keer kegue SJepeer ueeiele
(yeepeej kees efeeqvnle kejkes eeHle) (peye yeQke kees eefleHe#e mes Oeve eeHle
kejvee nes)~ Deewj
2.
mebefJeoe keer kegue Devegceeefvele cetue jeefMe, cetue HeefjHekeJelee kes Devegmeej
$eCe HeefjJele&vekeejke lelJeeW mes iegCeekeej eeHle jeefMe kes DeeOeej Hej $eCe
peesefKece kes mebYeeJe YeeJeer HeefjJele&ve nsleg OevejeefMe~
DeJeefe< HeefjHekeJelee
Ske Je<e& mes kece
Ske Je<e& Deewj DeefOeke
(ii) cee$eelceke Hekeve
ke efJeJejCe
meb.
1
3
4
kegue Devegceeefvele cetue jeefe Hej

ueeiet HeefjJele&vekeejke lelJe
yeepe oj
efJeefveece oj
mebefJeoe
mebefJeoe
etve
1.0%
0.5%
Conversion factor to be applied on

notional principal amount.
5.0%
One year and above
0.5%
5.0%
Currency Interest Rate

Derivatives Derivatives
(INR)
Derivatives
(Notional Principal Amount)
6515.93
18766.50
a) For Hedging
1960.98
4850.97
b) For Trading
4554.95
13915.53
Mark to Market Positions
0.31
6.32
a) Asset (+)
0.31
5.96
b) Liability (-)
0.00
0.36
Credit Exposure
333.26
383.14
Likely impact of one percentage

change in interest rate (100*PV01)
(20.71)
60.39
a) On Hedging Derivatives
(20.71)
61.94
b) On Trading Derivatives
0.00
(1.55)
Maximum & Minimum of

Max.
100*PV01 observed during the year
Min. Max. Min.
a) On Hedging
(32.84) (3.06)
59.97
13.95
b) On Trading
(0.04) (0.00) (6.09) 0.19
The above data have been compiled in accordance with the guidelines
contained in RBI circular DBOD No. BO.BC.72/21.04.018/2004-05
dt. 3.3.2005.
(s)

(Rs. in crores)
Item
Provision towards Standard Assets
(t)
(. kejes[ ceW)
214.22
1.0%
226.75
409.69
Nil
eLee 31.03.06
2005-06
Less than one year
(Rs. in crores)
Gkele Deebke[s Yeejleere efjp] eJe& yeQke kes HeefjHe$e meb. [eryeerDees[er meb yeerDees/yeermeer/72/21.04.018/
2004-05 efoveebke 3.3.2005 kes Devegmeej leweej efkeS ieS nQ~
(Sme) ceeveke DeeefmleeeW Hej eeJeOeeve
(. kejes[ ceW)
2006-07
Exchange Rate
Contract
Sr. Particulars
No.
[sefjJesefJe
6515.93
18766.50
(Devegceeefvele cetue jeefe)
ke) Heeflej#ee nsleg
1960.98
4850.97
ye) keejesyeej nsleg
4554.95
13915.53
yeepeej oj Hej efmLeefleeeb
0.31
6.32
ke) Deeefmle (+)
0.31
5.96
ye) oselee (-)
0.00
0.36
$eCe peesefKece (SkemeHeespej)
333.26
383.14
yeepe oj ceW 1% kes HeefjJele&ve mes nesves
Jee}e mebYeeJe HeYeeJe (100* Heer Jeer 01)
(20.71)
60.39
ke) Heeflej#eke [sefjJesefJe Hej
(20.71)
61.94
ye) keejesyeejer [sefjJesefJe Hej
0.00
(1.55)
Je<e& kes oewjeve osKeer ieF& 100
DeefOeke vetvelece DeefOeke vetvelece
* Heer Jeer 01 kee DeefOekelece Deewj vetvelece
lece
lece
ke) Heeflej#ee Hej
(32.84) (3.06) 59.97 13.95
ye) keejesyeej Hej
(0.04) (0.00) (6.09) 0.19
ceo
Deeekej kes efueS eeJeOeeve
Interest Rate
Contract
(ii) Qualitative Disclosure
(. kejes[ ceW)
cege
yeepe - oj
[sefjJesefJe
[sefjJesefJe
(DeeF&SveDeej)
ceo
eLee 31.03.07
ceeveke DeeefmleeeW Hej eeJeOeeve
450.13
(er) Je<e& kes oewjeve Deeekej nsleg eeJeOeeve keer jeefMe
Residual Maturity
450.13
226.75
Amount of Provisions made for Income-Tax during the year

(Rs. in crores)
Item
Provision for Income Tax
82
As at 31.03.07 As at 31.03.06
2006-07
2005-06
409.69
214.22

(et) DeefmLej eeJeOeeveeW kee efJeJejCe
yeesje
DeejbefYeke Mes<e
Je<e& kes oewjeve DeefYeJe=efeeB
Je<e& kes oewjeve keefceeeb
(eefo keceer nw lees keejCe
yeleeSb)
Fefle Mes<e
5.

(u) Details of Floating Provisions
(. kejes[ ceW)
2006-07
2005-06
195.00
139.00
35.00
56.00
230.00
195.00
(Rs. in crores)
Particulars
Opening Balance
2005-06
195.00
139.00
35.00
56.00
230.00
195.00

(purpose of draw down to be
given, if any)
Closing Balance
Yeejleere meveoer uesKeekeej mebmLeeve eje peejer uesKeebkeve ceevekeeW kes Devegmeej
efvecveefueefKele peevekeejer eke keer ieeer nw (ke) mebyebefOele He#e mebJeJenej
I)
mebyebefOele He#ekeejeW keer meteer
5.
The following information is disclosed in terms of Accounting

Standards issued by the Institute of Chartered Accountants of
India
(a)
Related Party Transactions:

I)
(ke) ecegKe eyebOekeere keeefce&ke
(a)
List of Related Parties:
Key Managerial Personnel :

eer Sce. yeeueebve
eer Heer. Sue. iewjesuee
2006-07
Executive Director
- 17.05.2006 leke
Shri P. L. Gairola
eer kes. Deej. keecele - 19.05.2006 mes

(Ke) meneeke kebHeefveeeb
(i) yeerDeesDeeF& Mesej nesefu[bie efueefces[
(ii) yeQke Dee@He Fbef[ee HeeFveWme (kesvee) efueefce.
(Deye efJeueefele, ceevelee nevee Deewj HeefjmeceeHeve ueefcyele nw~)
(ie) meneesieer mebmLeeSb
(i) Yeejleere eefleYetefle JeeHeej efveiece efueefces[
(ii) Fb[es peeefcyeee yeQke efueefce.
(iii) yeQke eje eeeesefpele 7 #es$eere eeceerCe yeQke
Deeee&Jele& eeceerCe yeQke yewlejCeer eece yeQke; PeejKeb[ eeceerCe yeQke; vece&oe ceeueJee
eeceerCe yeQke; jlveeefiejer efmebOegogie& eeceerCe yeQke; meesueeHegj eeceerCe yeQke; Jewveiebiee
#es$eere eeceerCe yeQke~
- till
17.05.2006
Shri K. R. Kamath - from 19.05.2006

(b) Subsidiaries :
(i)
(ii) Bank of India Finance (Kenya) Ltd. (Since merged;

derecognition and liquidation are pending)
(c)
Associates :
(i)
Securities Trading Corporation of India Ltd .
(ii) Indo-Zambia Bank Ltd.

(iii) 7 Regional Rural Banks sponsored by the Bank
Aryavart Gramin Bank; Baitarni Gramya Bank; Jharkhand Gramin
Bank; Narmada Malwa Gramin Bank; Ratnagiri Sindhudurg Gramin
Bank; Solapur Gramin Bank; Wainganga Kshetriya Gramin Bank
83

II)
mebyebefOele He#ekeejeW kes meeLe mebJeJenej
meneesieer / mebegkele Gece

ceo
(. kejes[ ceW) / (Rs. in crores)

cegKe HeyebOeve
kegue
keeefce&ke kes mebyebOeer
Transactions with Related Parties
Items
pecee
Deposit
Je<e& kes oewjeve DeefOekelece Maximum during the year
peceejeefeeeW kee efveeespeve Placement of deposits
efveJese
Investments
ceebie/metevee/ceereeoer cege
Lending in Call / Notice /
ceW GOeej osvee
Term Money
Deve GOeej osvee
Other Lending
Borrowings in Call / Notice /
ceW GOeej uesvee
Term Money
mejkeejer HeefleYetefle/^spejer
Sale of Govt. Securities /
efyeueeW/yeeb[es keer efyekeer
Treasury Bills / Bonds
Purchase of Govt. Securities /
efye}eW/yeeb[es keer Kejero
iewj-efveefOeke Jeeeos
Non-funded commitments
Heoe yeepe
Interest paid
HeeHle yeepe
Interest received
Heoe ueeYeebe
Dividend Paid
HeeHle ueeYeebe
Dividend Received
HeeHe Deve HeYeej
Other Charges receivable
JeemleefJeke jeefe . 50,000 mes kece nesves kes keejCe oee&ee veneR ieeer nw~
cegKe HeyebOeve
keeefce&ke
Key Management
Personnel
Associates
Relatives of Key
Management
Personnel
Total
2006-07
2005-06
22.98
102.47
171.84
171.84
264.45
16.97
62.56
171.84
171.84
1075.00
2006-07 2005-06 2006-07 2005-06 2006-07

0.24
0.25
0.06
0.09
0.11
0.16
0.01
0.01
23.33
102.88
171.84
171.84
264.45
2005-06
17.04
62.66
171.84
171.84
1075.00
250.00
366.30
250.00
0.30
250.00
366.30
250.00
0.30
49.15
785.82
0.30
468.07
49.15
785.82
0.30
468.07
856.88
3368.26
856.88
3368.26
5.71
0.20
1.38
0.53
0.01
5.72
0.20
*
1.38
0.53
0.12
0.13
0.12
0.13
*Actual amount being less than Rs. 50,000/-, the same is not furnished.
(ke)
Hee efJeeereve
(i) Hee efJee Hees<eCe Deewj Fmekes IeveeW ceW yeQke kes efveJesMe keer mebeJf eoeiele HeefjHekeJeeeSb,
pees DeefeceeW ceW Meeefceue keer ieeer nw, efvecveevegmeej nQ
(. kejes[ ceW)
e. meb. efJeJejCe
31-03-2007 31-03-2006
ke) mekeue efveJesMe
15.25
29.43
Ke) Hee Yegieleeve, eeHe jeefMeeeb
(i) 1 meeue mes DeefOeke veneR
8.20
15.64
(ii) 1 meeue mes DeefOeke efkevleg
7.05
13.79
5 meeue mes DeefOeke veneR
(iii) 5 meeue mes DeefOeke
Metve
Metve
kegue
15.25
29.43
ie) Deveefpe&le efJee Deee
1.25
2.81
[) efveJeue efveJesMe (ke-ie)
14.00
26.62
(b) Lease Financing:

(i) The contractual maturities of the Banks investment in lease
financing and its components, which are included in Advances
are set out below :
(Rs. in crores)
Sr. No. Particulars
a)
Gross Investments
b)
Lease payment receivables

(i) not later than 1 year
(ii) later than 1 year but not later
than 5 years
(iii) later than 5 years
TOTAL
(ii) 1.57 kejes[ keer Hee Deee (efJeiele Je<e& . 3.21 kejes[) kees Deefpe&le yeepe ceW
c)
Unearned finance income
d)
Net investments [a c]
31-03-2007 31-03-2006
15.25
29.43
8.20
7.05
15.64
13.79
NIL
NIL
15.25
29.43
1.25
2.81
14.00
26.62
(ii) Lease income of Rs. 1.57 crores ( Previous year Rs 3.21 crores)
is included under Interest Earned.
Meeefceue ieee nQ~
84

(ie) eefle Mesej Depe&ve
e. meb. efJeJejCe
DeeOeejYetle Deewj Deewmele F&.Heer.Sme.
1.
DeeOeejYetle F&.Heer.Sme. keer ieCevee
e.meb. efJeJejCe
(S) FefkeJeer Mesej OeejkeeW kees eoeve
kejves eesie Je<e& kes efueS Meg ueeYe
(yeer) FefkeJeer Mesej keer Yeeefjle
Deewmele mebKee
(meer) cetueYetle eefle Mesej Depe&ve (ke/Ke)
([er)
eefle Mesej Debefkele cetue

(c)
Earnings Per Share
2006-2007
2005-2006
Sr. No.
Rs. 23.04
Rs. 14.39
1.
Particulars
Basic and Diluted E.P.S.
2006-07
2005-06
Rs. 23.04
Rs. 14.39
Calculation of Basic E.P.S.

2006-2007 2005-2006
Sr. No
Particulars
2006-07
2005-06
1123.17
crores
701.44
crores
1123.17
701.44
(A)
Net Profit for the year attributable

to Equity Shareholders
48.74
48.74
(B)
Weighted Average Number of

Equity shares
48.74
crores
48.74
crores
. 23.04
. 14.39
(C)
Basic Earnings per Share(A/B)
Rs. 23.04
Rs. 14.39
. 10.00
. 10.00
(D)
Nominal Value per Share
Rs. 10.00
Rs. 10.00
kejes[
kejes[
kejes[
kejes[
(Ie) DeemLeefiele keejeOeeve

(i) DeemLeefiele kej DeeefmleeeW Deewj oseleeDeeW kes Jenve cetueeW Deewj Fvekes lelmebyebOeer
kej DeeOeej Deewj Heefjeeueveiele Deesveerle neefve kes yeere GlHeVe DemLeeeer
efYeVeleeDeeW kes HeefjCeecemJeHe YeefJe<e kes kej kes efueS DeefYe]%eele efkeS iees nQ~
DeemLeefiele kej DeeefmleeeW kees kesJeue efJeJeske kee HetCe& efJeeej kejves kes HeMeele
DeefYe]%eele efkeee ieee nw~ DeemLeefiele kej DeeefmleeeW Deewj oseleeDeeW keer ieCevee
kej ojeW Deewj kej keevetveeW kee GHeeesie kejles ngS keer ieF& nw, pees legueve He$e
keer leejerKe leke DeefOeefveeceve ee JeeefmleefJeke He mes DeefOeefveeceve efkeS iees
nQ~ kej ojeW ceW HeefjJele&ve kes keejCe DeemLeefiele kej DeeefmleeeW Deewj oeleeDeeW
Hej eYeeJe Deee efJeJejCees ceW Yeer DeefYe%eele efkeS ieS nQ~
(d) Deferred Taxation:

(i)
Deferred tax assets are recognised for future tax consequences

of temporary differences arising between the carrying values
of assets and liabilities and their respective tax bases and
operating carry forward losses. Deferred tax assets are
recognised only after giving due consideration to prudence.
Deferred tax assets and liabilities are measured using tax rates
and tax laws that have been enacted or substantively enacted
by the balance sheet date. The impact on deferred tax assets
and liabilities on account of a change in the tax rates is also
recognised in the income statement.
Je<e& kes oewjeve . 18.41 kejes[ (Meg) (efJeiele Je<e& 11.95 kejes[ (Meg)
veeces efkees iees Les) DeemLeefiele kej kes meceeeespeve kes He ceW ueeYe neefve Keeles
kees pecee efkeS ieS~
ii)
During the year, an amount of Rs.18.41 crores (net) [Previous

year Rs. 11.95 crores (net) was debited ] has been credited to
the Profit and Loss account by way of adjustment of Provision
for deferred tax.
DeemLeefiele kej DeeefmleeeW Deewj DeemLeefiele kej oseleeDeeW kes cegKe

Ieke
(. kejes[ ceW)
ke. meb. efJeJejCe
31-03-2007 31-03-2006
DeemLeefiele kej DeeefmleeeB
i) HeeJeOeeve kes efveefcee mecee
9.04
35.07
Devlej kes keejCe
ii) Deve
64.53
1.44
kegue DeemLeefiele kej DeeefmleeeB
73.57
36.51
DeemLeefiele kej oseleeSb
i) yener cetueeme Deewj
30.02
3.49
Deeekej cetueeme
kes yeere mecee Devlej kes keejCe
ii) Deve
0.00
8.46
kegue DeemLeefiele kej oseleeSb
30.02
11.95
eg DeemLeefiele kej Deeefmle/(oselee)
43.55
24.56
iii)
Major components of Deferred Tax Assets and Deferred Tax

Liabilities
ii)
iii)
(Rs. in crores)
Sr. No Particulars
31.03.2007 31.03.2006
Deferred Tax Assets

i)
On account of timing difference

towards provisions
9.04
35.07
ii)
Others
64.53
1.44
Total Deferred Tax Assets
73.57
36.51
30.02
3.49
0.00
8.46
Total Deferred Tax Liabilities
30.02
11.95
Net Deferred Tax Assets/(Liabilities)
43.55
24.56
Deferred Tax Liabilities
85
i)
On account of the timing difference

between the book depreciation and
Income Tax depreciation
ii)
Others

e) KeC[ efjHees& kejvee / (e) Segment Reporting
Yeeie-ke keejesyeej KeC[ / Part A : Business Segments
keejesyeej KeC[
Business Segments
kees<eeieej / Treasury
Operations
Deve yeQefkebie / Other Banking

Heefjeeueve/ Operations

kegue / Total
efJeJejCe
jepemJe
HeefjCeece
Particulars
2006-07
2005-06
2006-07
2005-06
2006-07
2005-06
Revenue
3168.51
2570.69
7552.58
5531.62
10721.09
8102.31
Results
373.99
323.86
2317.20
1478.65
2691.19
1802.51
iewj Deeyebefle Deee

Jee kees es[kej
Unallocated Income
Net of Expenses
-296.20
-101.29
Heefjeeueveiele ueeYe
Deee kej
eg ueeYe
Operating Profit
2394.99
1701.22
Income tax
409.69
214.22
Net Profit
1123.17
701.44
Deve peevekeejer
KeC[ Deeefmleeeb
iewj Deebyeefle Deeefmleeeb
keg} Deeefmleeeb
KeC[ oseleeSb
iewj Deebyeefle oseleeSb
kegue oseleeSb
OTHER INFORMATION
139852.41
109856.23
1784.58
2418.04
141636.99
112274.27
131468.85
103715.83
4272.77
3574.55
135741.62
107290.38
Segment assets
50745.14
41264.69
89107.27
68591.54
Unallocated assets
Total assets
Segment liabilities
47645.63
38904.95
83823.22
64810.88
Unallocated liabilities
Total liabilities
eneB yeQke eje keesF& cenJeHetCe& DeJeefe< Heefjeeueve veneR efkeS ieS nQ / There are no significant residual operations carried on by the bank.
Yeeie-Ke Yeewieesefueke KeC[
mJeoseer
Debleje&<êre

kegue
Deomestic
International
Total
Part B : Geogriphical Segments
efJeJejCe
Particulars
2006-07
2005-06
2006-07
2005-06
2006-07
2005-06
jepemJe
Revenue
8941.51
6871.43
1779.58
1230.88
10721.09
8102.31
Deeefmleeeb
Assets
109563.57
88427.94
30288.84
21428.29
139852.41
109856.23
uesKeebkeve ceeveke 17 kes DevegHeeueve Hej Yeejleere efj]peJe& yeQke kes efoMeeefveoxMees kes DevegHe
yeQke kes keejesyeej KeC[ kees eeLeefceke efjHeesefie KeC[ Deewj Yeewsieesefueke KeC[ kees ieewCe
KeC[ kes He ceW efveOee&efjle efkeee nw~
The Bank has recognised Business Segments as Primary reporting segment

and Geographical Segments as Secondary segment in line with RBI
guidelines in compliance with Accounting Standard 17.
Primary Segment : Business Segments
eeLeefceke KeC[ keejesyeej KeC[

ke) keejesyeej Heefjeeueve FmeceW mejkeejer Deewj Deve eefleYetefleeeb cege yeepeej Heefjeeueve
Deewj Heesjskeme Heefjeeueve Meeefceue nw~
Ke) Deve yeQefkebie Heefjeeueve FmeceW efveiece yeQefkebie, Kegoje, Jeweefkeleke Deewj JeeefCeefpeke
yeQefkebie, vekeoer eyebOeve mesJeeSb, peceejeefMe Deewj mecye mesJeeSb pewmes esef[ kee[&
Deewj efve#esHeeieej menYeeieer mesJeeSb Meeefceue nQ~
a)
Treasury Operations: Includes dealing in Government and other

Securities, Money Market Operations and Forex Operations.
b)
Other Banking Operations: Consists of Corporate Banking, Retail

Banking, Personal and Commercial Banking, Cash Management
Services, Deposits and allied services such as Credit Cards and
Depository Participant Services.
Pricing of Inter-segmental transfers
Deblej KeC[ere DevlejCeeW kee cetue efveOee&jCe
Other Banking Operations ( BO ): BO is a Primary resource

mobilising unit and Treasury Segment compensates the former for
funds lent by BO to it taking into consideration the average cost of
deposits incurred by BO.
Deve yeQefkebie Heefjeeueve (yeerDees) yeerDees Ske ceeOeefceke mebmeeOeve mebenCekelee&

FkeeF& nw Deewj kees<eeieej KeC[ yeerDees eje GHeeefpe&le peceejeefMeeeW keer Deewmele ueeiele
kees Oeeve ceW jKeles ngS yeerDees eje GOeej oer ieeer efveefOeeeW keer #eefleHetefle& kejlee nw~
86
ueeiele kee Deebyeve

ke) efJeMes<e KeC[ kees meerOes eoeve efkeS JeeeW kees mebyebefOele KeC[ ceW Deebyeefle efkeee ieee
nQ~
Ke) efJeMes<e KeC[ kees meerOes eOeeve efkeS ieS JeeeW kees kece&eeefjeeW/mebeeefuele keejesyeej
keer mebKee kes DevegHeele ceW Deebyeefle efkeS ieS nQ~
ieewCe KeC[ Yeewieesefueke KeC[
ke) mJeosMeer Heefjeeueve
Ke) Debleje&êre Heefjeeueve
Allocation of costs
a)
Expenses directly attributed to particular segment are allocated to

the relative segment.
b)
Expenses not directly attributable to specific segment are allocated

in proportion to number of employees / business managed.
Secondary Segment : Geographical Segments

a)
Domestic Operations
b)
International Operations
() uesKeebkeve ceeveke 29 kes Devegmeej HeeJeOeeveeW ceW HeefjJele&ve kes yeesjs

(f)
Details of movement in provisions in accordance with Accounting Standard 29

Je<e& kes oewjeve HeeJeOeeve Heefle HeefJe</meceeeesefpele HeeJeOeeve
Feflees<e
efJeJejCe
DeLees<e /
Particulars
Opening as on
01.04.2006
Provision made
during the year
Provisions Reversed /
Adjusted
Closing as on
31.03.2007
226.75
217.22
-6.16
450.13
1331.69
556.89
534.17
1354.41
296.24
58.20
132.88
221.56
ceeveke DeeefmleeeW kes

efueS HeeJeOeeve
Provision for
Standard Assets
DeMeesOe SbJe mebefoiOe $eCe
Bad & Doubtful debts
efveJesMe
Investments
kejeOeeve
Taxation
1335.24
428.10
56.22
1707.12
Deve HeeJeOeeve
Other Provisions
171.20
95.40
-5.96
272.56
87

6. vekeoer HeJeen kee efJeJeejCe / Cash Flow Statement
efJeJejCe
ke) Heefjeeueveiele ieefleefJeefOeeeW mes vekeoer HeJeen
kejeOeeve kes Henues egOo ueeYe
efvecveefueefKele kes efueS meceeeespeve
SeerSce efveJesMeeW kee HeefjMeesOeve
Deeue mebHeefeeeW Hej cetue-eme
efveJese Hej cetue-eme
yes Keeles [euee DeMeesOe $eCe/SveHeerS kes efueS eeJeOeeve
ceeveke DeeefmleeeW kes efueS HeeJeOeeve
Deve ceoeW kes efueS HeeJeOeeve
ieewCe yeeB[dme Hej yeepe nsleg Yegieleeve/HeeJeOeeve
HeeHle ueeYeebe
pecee jeefeeeW ceW ye{/(Ie)
GOeej ces ye{/(Ie)
Deve oseleeDeeW Deewj HeeJeOeeveeW ceW ye{/(Ie)
efveJeseeW ceW (ye{)/(Ie)
DeefieceeW ceW (ye{)/(Ie)
Deve DeeefmleeeW ceW (ye{)/Ie
Hele#e kej Yegieleeve / JeeHemeer
Heefjeeueveiele ieefleefJeefOeeeW mes efveJeue
vekeoer HeJeen (ke)
Ke) efveJesMe ieefleefJeefOeeeW mes vekeoer HeJeen
Deeue mecHeefe keer Kejero
Deeue mecHeefe keer efyeeer
meneeke kebHeefveeeW mes HeeHle ueeYeebMe
efveJesMe ieefleefJeefOeeeW mes efveJeue
vekeoer HeJeen (Ke)
ie) efJee Hees<eCe ieefleefJeefOeeeW mes vekeoer eJeen
Mesej Hetbpeer
eoe ueeYeebMe (Debleefjce SJeb Debeflece)
ieewCe yeeB[ Hej yeepe kee Yegieleeve (Meg)
efJee Hees<eCe ieefleefJeefOeeeW mes
efveJeue vekeoer eJeen (ie)
8.
8.

Je<ee&vle
Je<ee&vle
Particulars
Year ended
31-03-2007
A. Cash Flow from Operating Activities:

Net Profit before taxes
Adjustments for:
Amortisation of HTM Investments
Depreciation on Fixed Assets
Depreciation on Investment
Bad-debts Written off / Provisions for NPAs
Provision for Standard Assets
Provision for Other Items
Payment / Provision for Interest on Subordinated Bonds
Dividend received
Adjustments for:
Increase /( Decrease) in Deposits
Increase /( Decrease) in Borrowings
Increase / (Decrease)in Other Liabilities and Provisions
(Increase) / Decrease in Investments
(Increase)/ Decrease in Advances
(Increase) / Decrease in Other Assets
Direct Taxes (Paid)/Refund
Net Cash Flow from
Operating Activities (A)
B. Cash Flow from Investing Activities :
Purchase of Fixed Assets
Sale of Fixed Assets
Dividend received from Subsidiaries
Net Cash Flow from
Investing Activities (B)
C. Cash Flow from Financing Activities:
Subordinate Bonds
Dividend (Interim & Final) paid
Interest Paid on Subordinate Bonds (net)
Net Cash Flow from
Financing Activities ( C )
Year ended
31-03-2006
1532.86
915.65
244.04
96.73
13.34
556.89
217.22
74.69
269.22
(16.41)
243.66
96.73
91.31
535.61
88.51
70.13
255.58
(1.18)
25949.70
726.92
81.89
(3968.39)
(20319.04)
(373.27)
25.57
15110.60
(68.04)
507.96
(3430.41)
(10180.48)
(206.18)
(648.93)
5111.96
3380.52
(92.58)
8.64
16.41
(103.62)
2.81
1.18
(67.53)
(99.63)
1462.22
(277.88)
(269.22)
950.00
(55.58)
(255.58)
915.12
638.84
5959.56
3919.73
vekeo Deewj vekeoer mecelegue ceW

efveJeue ye{le
(ke) + (Ke) + (ie)
Net Increase in Cash &

Cash Equivalents
(A) + (B) + (C)
1 Deewue
kees vekeoer SJeb vekeoer

mecelegue kee DeLeMes<e
Opening Cash and Cash

Equivalents as at April, 1
11445.98
7526.25
31 ceee& kees vekeoer SJeb

vekeoer mecelegue
Cash and Cash Equivalents

as at March, 31.
17405.54
11445.98
efHeues Je<e& kes Deebke[es kee peneB kener DeeJeeke mecePee ieee Hegveme&cetnCe, HegveJe&JemLeeHeve efkeee ieee nw~
Previous years figures have been regrouped/rearranged, wherever considered necessary.
88
yeQke Dee@He Fbef[ee kes uesKee Hejer#ekeeW keer efjHees&
REPORT OF THE AUDITORS OF BANK OF INDIA
eefle
To,
Yeejle kes je<^Heefle
The President of India
1.
2.
nceves yeQke Dee@He Fbef[ee kes mebueive eLee 31 ceee& 2007 kes legueve He$e SJeb Gmeer
leejerKe kees meceeHle Je<e& kes Gmemes mebueive ueeYe SJeb neefve Keeles keer uesKee Hejer#ee keer
nw~ efpemeces nceejs eje uesKee Hejeref#ele 30 MeeKeeDeeW, Deve uesKee Hejer#ekeeW eje
uesKee Hejeref#ele 2166 Yeejleere MeeKeeDeeW Deewj 21 efJeosMeer MeeKeeDeeW keer efJeJejefCeeeW
kee meceeJesMe nw pees mLeeveere uesKee Hejer#ekeeW eje Hejeref#ele nw~ yeQke ves nceej eje
uesKee Hejeref#ele SJeb Deve uesKee Hejer#ekeeW eje uesKee Hejeref#ele MeeKeeDeeW kee eeve
Yeejleere efj]peJe& yeQke eje peejer efoMeeefveoxMeW kes Devegmeej efkeee nw~ legueveHe$e SJeb
ueeYe-neefve uesKes ceW Gve 529 MeeKeeDeeW keer efJeJejefCeeeW kee Yeer meceeJesMe nw pees uesKee
Hejer#ee kes DeOeerve veneR Leer~ Fve iewj-uesKee Hejeref#ele MeeKeeDeeW ceW 1.59 eefleMele
Deefece, 4.35 eefleMele peceejeefMeeeb, 0.50 eefleMele yeepe Deee Deewj 1.21 eefleMele
yeepe Jee kee uesKee nw~ nceves legueve He$e kes meeLe vekeoer eJeen efJeJejCe keer Yeer
uesKee Hejer#ee keer nw pees Gme leejerKe kees meceeHle Je<e& kes efueS uesKeeW keer efHHeefCeeeB nQ~
es efJeeere efJeJejCe yeQke eyebOeve keer efpeccesoejer nw~ nceejer efpeccesoejer en nw efke Fve
efJeeere efJeJejCeeW Hej DeeOeeefjle nceejer uesKee Hejer#ee Hej nce DeHevee cele Jekele kejW~
meeceevele Yeejle ceW mJeerke=le uesKee Hejer#ee ceevekeeW kes Devegmeej nceves uesKee Hejer#ee
kee mebeeueve efkeee nw~ DeeJeMeke ceevekeeW kes Devegmeej nceves uesKee Hejer#ee Fme lejn
Deeeesefpele Deewj keeee&efvJele keer nw efke nce Fme yeejs ceW Heee&Hle Deeemle nQ efke efJeeere
efJeJejCeeW ceW keesF& cenlJeHetCe& $egef veneR nw~ uesKee Hejer#ee ces Hejer#eCe leLee mee#e kes
DeeOeej Hej jeefMeeeW mes mebyebefOele eceeCeeW keer peebe kejvee Deewj efJeeere efJeJejCe ceW
eke kejvee Meeefceue neslee nw~ uesKee Hejer#ee ceW eegkele uesKeebkeve efmeebvleeW kee
cetueebkeve eyebOeve eje efkees iees cenJeHetCe& Devegceeve leLee mecee efJeeere efJeJejCe
emlegefle kee cetueebkeve Meeefceue neslee nQ~ nceW efJeeeme nw efke nceejer uesKee Hejer#ee
nceejer jee kes efueS Gefele DeeOeej eoeve kejleer nw~
3.
legueve He$e SJeb ueeYe neefve uesKee yeQkekeejer efJeefveeceve DeefOeefveece 1949 keer leermejer
Devegmeteer kes eceMe Heece& ``S'' leLee ``yeer'' ceW leweej efkeS iees nQ~
4.
Gkele HewjeeeHe 1 ceW GefuueefKele meerceeDeeW Deewj yeQkekeejer kebHeveer (GHeeceeW kee
Depe&ve Deewj DeblejCe) DeefOeefveece, 1970 kes DeOeOeerve nce efjHees& kejles nQ efke
leggueve He$e pees uesKeebkeve veerefle kes meeLe efoes nQ, Deewj Deve efHHeefCeeeW
pees legueveHe$e ceW HetCe& Je DeeJeMeke efJeJejCe oMee& jns nQ, mener {bie mes
leweej efkees iees nQ pees 31 ceee& 2007 kees yeQke kes keee&keueeHeeW kee
mener Deewj Gefele efe$e emlegle kej jns nQ~
(ii)
ueeYe Deewj neefve Keelee efpemes cenJeHetCe& uesKeebkeve veerefleeeW kes meeLe
He{e peeSiee Deewj Deve vees, Je<e& kes efueS ueeYe kee mener Mes<e oMee&
jner nQ; Deewj
We have audited the attached Balance Sheet of BANK OF INDIA

as at 31st March 2007 and also the Profit and Loss Account for
the year ended on that date annexed thereto in which are
incorporated the returns of 30 branches audited by us, 2166
branches audited by other auditors and 21 foreign branches audited
by local auditors. The branches audited by us and those audited
by other auditors have been selected by the Bank in accordance
with the guidelines issued to the Bank by the Reserve Bank of
India. Also incorporated in the Balance Sheet and Profit and
Loss Account are the returns from 529 branches which have not
been subjected to audit. These unaudited branches account for
1.59% percent of advances, 4.35% percent of deposits, 0.50%
percent of interest income and 1.21% percent of interest expenses.
We have also audited the cash flow statement as stated in Notes
forming part of Accounts for the year ended on that date. These
financial statements are the responsibility of the Banks
management. Our responsibility is to express an opinion on these
financial statements based on our audit.
2.
We conducted our audit in accordance with the auditing standards

generally accepted in India. Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatements. An
audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and
significant estimates made by the management, as well as
evaluating the overall financial statement presentation. We believe
that our audit provides a reasonable basis for our opinion.
3.
The Balance Sheet and the Profit and Loss Account have been
drawn up in Forms A and B respectively of the Third Schedule
to the Banking Regulation Act, 1949.
4.
Subject to the limitations of the audit indicated in paragraph 1

above and as required by the Banking Companies (Acquisition
and Transfer of Undertakings) Act, 1970, we report that:
a)
(ke) nceejer jee Deewj peevekeejer kes Devegmeej SJeb nceW oer ieF& metevee Je mHe<erkejCeeW
Deewj yeQke keer yeefneeW ceW oMee&S ieS Devegmeej
(i)
1.
In our opinion and to the best of our knowledge and

according to the information and explanations given to us
and as shown by the books of the Bank:
(i)
The Balance Sheet read together with the Significant

Accounting Policies and Notes forming part of
Accounts is a full and fair Balance Sheet containing
the necessary particulars, and is properly drawn up so
as to exhibit a true and fair view of the affairs of the
Bank as at 31st March, 2007;
(ii) The Profit and Loss Account read together with the
Significant Accounting Policies and Notes forming part
of Accounts shows a true balance of Profit for the
year; and
89

(iii)
vekeoer eJeen efJeJejCe, vekeoer eJeen kee mener Je Gefele Me emlegle

kej jne nw pees Je<e& kes efJeJejCe ceW efoee ieee nw~
(iii) The Cash Flow Statement gives a true and fair view of
the cash flows for the year covered by the Statement.
(Ke) nceves meYeer meteveeSb Deewj mHe<erkejCe pees nceejer mener peevekeejer Deewj efJeeeme
kes efueS DeeJeMeke leLee uesKee Hejer#ee kes GsMe mes pejer Lee, eeHle kej
efueee nw Deewj GvnW meblees<epeveke Heeee nw~
(ie) yeQke kee uesve-osve pees nceejer peevekeejer ceW Deeee nQ Jen yeQke kes DeefOekeej
#es$e kes Yeerlej nw~
(Ie) yeQke kes keeee&ueeeW leLee MeeKeeDeeW mes eeHle efJeJejefCeeeb nceejer uesKee Hejer#ee
kes GsMe mes Heee&Hle Heeeer ieeer nQ~
b)
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.
c)
The transactions of the Bank which have come to our notice

have been within the powers of the Bank.
d)
The returns received from the offices and branches of the

Bank have been found adequate for the purposes of our
audit.

meveoer uesKeekeej

meveoer uesKeekeej
yecednwee SC[ keb.

meveoer uesKeekeej


Brahmayya & Co.

(kes. Sve. iegHlee)
(Sve. eerke=<Cee)
(Ashok Gadodia)
Yeeieeroej Partner
meomelee meb. 83863
(K. N. Gupta)
Yeeieeroej Partner
meomelee meb. 9169
Membership No. 9169
(N. Sri Krishna)

Yeeieeroej Partner
meomelee meb. 26575

meveoer uesKeekej

meveoer uesKeekej

meveoer uesKeekej

Mitra Kundu & Basu

Borkar & Muzumdar

(Sme. oeme)
(B. K. Bhutia)
Yeeieeroej Partner
meomelee meb. 59363
(S. Das)
Yeeieeroej Partner
meomelee meb. 51391
(B. M. Agarwal)
Yeeieeroej Partner
meomelee meb. 33254

90
yeQke kee mecesefkele efJeeere efJeJejCe

2006-07
Consolidated Financial Statement
2006-07
91
mecesefkele legueve He$e 31st ceee& 2007 keer efmLeefle kes Devegmeej
(000s es[s
CONSOLIDATED BALANCE SHEET AS AT 31st MARCH, 2007
Devegmeteer mebKee
Schedule
No.
I.
Hetbpeer Deewj oseleeSb
I.
II.
DeeefmleeeB
II.
Hetbpeer
Deejef#eefleeeB Deewj DeefOees<e
DeuHemebKeke efnle
peceejeefeeeB
GOeej
Deve oseleeSB leLee HeeJeOeeve
pees[
Yeejleere efj]peJe& yeQke ceW
vekeoer Deewj es<e
yeQkeeW ceW es<e Deewj ceebie Hej
efveJese
Deefiece
Deeue DeeefmleeeB
Deve DeeefmleeeB
pees[
Deekeefmceke oseleeSB
Jemetueer kes efueS efyeue
uesKeeW Hej efHHeefCeeeB
CAPITAL AND LIABILITIES

Capital
Reserves & Surplus
Minorities Interest
Deposits
Borrowings
Other liabilities and provisions
TOTAL
ASSETS
Cash and balances with
Balances with Banks and
money at call and short notice
Investments
Advances
Fixed Assets
Other Assets
TOTAL
1
2
2A
3
4
5
Contingent Liabilities
Bills for collection
Notes forming part of Accounts
eLee As at
31-03-2007
. (Rs.)
ieS nQ
Omitted)
eLee As at
31-03-2006
. (Rs.)
4881420
55386122
36447
1198768172
66208269
92435947
1417716377
4881419
46424880
29941
939277145
58939102
74661666
1124214153
71968896
55884159
7
8
9
10
11
102095134
356203472
849358944
7895466
30194465
1417716377
58576006
319253795
651737444
8100703
30662046
1124214153
12
898946410
93449566
828104962
61540547
17
18
THej yeleeF& ieF& DevegmetefeeeB legueve-He$e kee DeefYevve Debie nQ~

yeQkekeejer efJeefveeceve DeefOeefveece 1949 keer leermejer Devegmeteer kes Heece& `S' kes Devegmeej leg}ve-He$e leweej efkeee ieee nw~
kes. Deej. keecele

keee&Heeueke efveoseke
K. R. Kamath
Executive Director

ceneHeyebOeke
D. G. Patwardhan
General Manager
efveoseke
Sudesh Kumar
S.Jeer. mejosmeeF&
A. V. Sardesai
Rameshwar Prasad
Jeer. F&MJejve
V. Eswaran
kes.kes. iegHlee
K. K. Gupta
Dr. V. B. Kaujalgi
M. N. Gopinath

meveoer uesKeekeej

meveoer uesKeekeej
yecednwee SC[ keb.

meveoer uesKeekeej
Mumbai, 22nd May, 2007
jecesMJej emeeo
Dr. Prabha Taviad


Brahmayya & Co.

(Ashok Gadodia)
Yeeieeroej Partner
meomelee meb. 83863
(K. N. Gupta)
Yeeieeroej Partner
meomelee meb. 9169
Membership No. 9169
(kes. Sve. iegHlee)
(P. S. Kumar)
Yeeieeroej Partner
meomelee meb. 15590

meveoer uesKeekej

meveoer uesKeekej

meveoer uesKeekej
(Heer. Sme. kegceej)

Mitra Kundu & Basu

Borkar & Muzumdar

(S. Pore)
Yeeieeroej Partner
meomelee meb. 55862
(P. K. Podder)
Yeeieeroej Partner
meomelee meb. 51063
(B. M. Agarwal)
Yeeieeroej Partner
meomelee meb. 33254
(Sme. Heesjs)
cegbyeF&, 22 ceF&, 2007
DIRECTORS
megosMe kegceej
(Heer. kes. Heesodoej)
92

31 ceee&, 2007 kees
meceeHle Je<e& kee mecesefkele ueeYe Je neefve uesKee
CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH, 2007
(000s es[s
Devegmeteer mebKee Je<eele Year ended

I.
Deee
Deefpe&le yeepe
Deve Deee
pees[
II. Jee
II.
Jee efkeee ieee yeepe
Heeeueveiele Jee
HeeJeOeeve Deewj DeekeefmcekeleeSb
pees[
meneesieer mebmLeeDeeW ceW Depe&ve/(neefve) kee efnmmee
DeuHemebKeke kes efnle keer keewleer kejves kes HetJe& Je<e& kes
efueS mecesefkele Meg ueeYe/(neefve)
IeeSb DeuHemebKeke kee efnle
Je<e& kes efueS mecetn kes mebyebefOele mecesefkele
Meg ueeYe (neefve)
peeW[s mecetn kes mebyebefOele Deesveerle
mecesefkele ueeYe/(neefve)
pees[
III. efJeefveeesie
III
keevetveer Deejef#eefleeeW kees DeblejCe
efveJese Ie ye{ Deejef#ele mes DeblejCe
jepemJe Deejef#eefle kees DeblejCe
Hetbpeer Deejef#eefle kees DeblejCe
jepemJe SJeb Deve Deejef#eefleeeW mes DeblejCe
efJeMes<e Deejef#eefle-kejsvmeer mJewHe kees DeblejCe
Debleefjce ueeYeebe (ueeYeebe kej meefnle)
Debeflece ueeYeebe (ueeYeebe kej meefnle)
Deeekej Deef O eef v eece, 1961 keer Oeeje 36(1)
(viii) kes Debleie&le efJees<e Deejef#eefle
mecesefkele legueve He$e ceW Deesveerle Mes<e
pees[
uesKeeW Hej efHHeefCeeeB
Heefle esej GHeepe&ve (.)
I.
Schedule
No.
INCOME
Interest earned
Other income
13
14
TOTAL
EXPENDITURE
Interest expended
Operating expenses
Provisions and Contingencies
TOTAL
15
16
Share of earnings/(loss) in Associates

Consolidated Net Profit/(Loss) for the
year before deducting Minorities interest
Less: Minorities Interest
Consolidated Net Profit/(Loss) for the
year attributable to the group
Add: Brought forward consolidated
Add: profit/(loss) attributable to the group
16 A
TOTAL
APPROPRIATIONS
Transfer to Statutory Reserve
Transfer from Investment Fluctuation Reserve
Transfer to Revenue Reserve
Transfer to Capital Reserve
Transfer from Revenue & Other Reserves
Transfer to Special Reserve - Currency Swap
Interim Dividend (including dividend tax)
Final Dividend (including dividend tax)
Dividend Tax - for Subsidiary
Special Reserve u/s Sec 36(1) (viii) of Income Tax Act, 1961
Balance carried over to consolidated Balance Sheet
TOTAL
17
Notes forming part of accounts
18
Earnings Per Share (Rs.)
ieS nQ
Omitted)
Je<eele Year ended
31-03-2007
. (Rs.)
31-03-2006
. (Rs.)
91803282
15713101
70286977
11912645
107516383
82199622
57397065
26120506
12739348
96256919
43965944
21184665
10013237
75163846
-160401
224884
11099063
18756
7260660
14319
11080307
7246341
6872701
3424805
17953008
10671146
3000000
0
5208867
265685
0
40265
1111520
855353
2244
750000
6719074
17953008
1800000
(3217591)
2897410
199669
0
0
0
1667274
1683
450000
6872701
10671146
22.73
14.87
THej yeleeF& ieF& DevegmetefeeeB ueeYe SJeb neefve Keeles kee DeefYevve Debie nQ~
The Schedules referred to above form an integral part of the Profit and Loss Account.
yeQkekeejer efJeefveeceve DeefOeefveece 1949 keer leermejer Devegmeteer kes Heece& `yeer' kes Devegmeej ueeYe SJeb neefve Keelee leweej efkeee ieee nw~
The Profit and Loss Account has been prepared in conformity with Form B of the Third Schedule to the Banking Regulation Act, 1949.
efveoseke
kes. Deej. keecele
keee&Heeueke efveoseke
K. R. Kamath
Executive Director

ceneHeyebOeke
D. G. Patwardhan
General Manager
megosMe kegceej
Sudesh Kumar
S.Jeer. mejosmeeF&
A. V. Sardesai
Rameshwar Prasad
Jeer. F&MJejve
V. Eswaran
kes.kes. iegHlee
K. K. Gupta
Dr. V. B. Kaujalgi
M. N. Gopinath

meveoer uesKeekeej

meveoer uesKeekeej

yecednwee SC[ keb.

meveoer uesKeekeej
(kes. Sve. iegHlee)
(K. N. Gupta)
Yeeieeroej Partner
meomelee meb. 9169
Membership No. 9169

Mitra Kundu & Basu

Borkar & Muzumdar

(S. Pore)
Yeeieeroej Partner
meomelee meb. 55862
(P. K. Podder)
Yeeieeroej Partner
meomelee meb. 51063
(B. M. Agarwal)
Yeeieeroej Partner
meomelee meb. 33254
(Ashok Gadodia)
Yeeieeroej Partner
meomelee meb. 83863

meveoer uesKeekej

meveoer uesKeekej
(Sme. Heesjs)

Mumbai, 22nd May, 2007
DIRECTORS
(Heer. kes. Heesodoej)
93
jecesMJej emeeo
Dr. Prabha Taviad
Brahmayya & Co.

(P. S. Kumar)
Yeeieeroej Partner
meomelee meb. 15590

meveoer uesKeekej
mecesefkele legueve-He$e keer DevegmetefeeeB
(000s es[s
SCHEDULES TO THE CONSOLIDATED BALANCE SHEET
eLee As at
31-03-2007
. (Rs.)
Devegmeteer - 1 Hebtpeer
SCHEDULE - 1 : CAPITAL
HeeefOeke=le
Heleske Hees 10 kes 150,00,00,000 FefkeJeer
esej peejer Deewj DeefYeoe
peejer Deewj DeefYeoe
48,85,80,000) efpeveceW keW mejkeej eje Oeeefjle
. 10 kes 33,85,80,000 (efJeiele Je<e&
33,85,80,000) . 338.58 kejes[ kes HetCe& Heoe
FefkeJeer esej (efJeiele Je<e& . 338.58 kejes[).
kegue
Heoe Hetbpeer
48,74,00,200 Heleske . 10 kes HetCe&le Heoe
pees[ W peyle esej (Devegmeteer 18 keer vees meb. 2 osKes)
kegue
AUTHORISED
150,00,00,000 Equity Shares of Rs. 10 each
Devegmeteer - 2 Deejef#eefleeeb Deewj DeefOees<e

I.
II.
meebefJeefOeke Deejef#ele
eejbefYeke Mes<e
Je<e& kes oewjeve HeefjJe&ve
pees[ (I)
Hetbpeer Deejef#eefleeeB
S) Hegvecet&ueebkeve Deejef#eefle
eejbefYeke Mes<e
pees[s /s (IeeSb) meceeeespeve (veeres efHHeCeer osKeW)
IeeSb Hegvece&ug eebkeve kes keejCe ueeYe SJeb
neefve Keeles ceW meceeeesefpele cetueeme
(S) kee pees[
yeer) Deve
i) efveJese keer efyekeer Hej ueeYe-``HeefjHekeJelee
kes jKes ieS'' eejbefYeke Mes<e
pees[s ueeYe Je neefve Keeles mes DeblejCe
ii)
efJeoseer cege HeevlejCe Deejef#eefle

eejbefYeke Mes<e
pees[W/(IeeSb)-Je<e& kes oewjeve
meceeeespeve (efveJeue)
iii) efJeMes<e
III.
Deejef#eefle-kejsvmeer mJewHe
ueeYe SJeb neefve Keeles mes DeblejCe
keg} (yeer)
pees[ (II)
Mesej eerefceece
eejbefYeke Mes<e
pees[s peyle MesejeW kee efJeueesHeve
pees[ (III)
ieS nQ
Omitted)
eLee As at
31-03-2006
. (Rs.)
15000000
15000000
4885800
4885800
4885800
4885800
4874018
4874002
7402
4881420
7417
4881419
17251686
3000000
20251686
15451686
1800000
17251686
1573534
97
1656126
354
78799
1494832
82946
1573534
1516620
265685
1782305
1316951
199669
1516620
2492834
(71259)
2421575
2571143
(78309)
2492834
40265
4244145
5738977
0
4009454
05582988
5235369
13
5235382
5235367
2
5235369
ISSUED AND SUBSCRIBED

48,85,80,000 Equity Shares
(Previous year 48,85,80,000) of Rs. 10 each
including 33,85,80,000 Equity Shares
(Previous year 33,85,80,000) of Rs. 10 each
fully paid up amounting to Rs. 338.58 crores
(Previous year Rs. 338.58 crores)
held by Central Government;
TOTAL
PAID-UP CAPITAL
of Rs.10 each fully Paid-up.
Add: Shares forfeited (Refer note no.2 of Schedule 18)
TOTAL
SCHEDULE - 2 : RESERVES & SURPLUS
I. Statutory Reserve :
Opening Balance
TOTAL (I)
II. Capital Reserves :
A) Revaluation Reserve :
Opening Balance
Less: Depreciation on account of revaluation
Less: adjusted to Profit and Loss Account
Total of (A)
B) Others
i) Profit on sale of Investments - Held to Maturity
Opening Balance
Add: Transfer from Profit and Loss account
ii) Foreign Currency Translation Reserve
Opening Balance
Add/ (Less) : Adjustments during the year (Net)
iii) Special Reserve - Currency Swaps
Transfer from Profit and Loss Account
Total of (B)
TOTAL (II)
III. Share Premium :
Opening Balance
Add: On forfeited shares annulled
TOTAL (III)
94
(000s es[s
eLee As at
31-03-2007
. (Rs.)
Devegmeteer - 2 Deejef#eefleeeb Deewj DeefOees<e (peejer)

IV.
jepemJe Deewj Deve Deejef#eefleeeB

i)
ii)
eLee As at
31-03-2006
. (Rs.)
SCHEDULE - 2 : RESERVES & SURPLUS (contd.)
i)
Revenue Reserve :
eejbefYeke Mes<e
Opening Balance
pees[ /W (IeeSb) meceeeespeve (veeres efHHeCeer osKeW)
GHe pees[
Sub-total of IV(i)
IV(i)
efveJese Ie-ye{ Deejef#eefle
11032136
8130729
3997
5208867
2897410
16241003
11032136
3217591
ii) Investment Fluctuation Reserve :
DeLees<e
Opening Balance
IeeSB ueeYe SJeb neefve efJeefveeesie kee DeblejCe
Less: Transfer to Profit & Loss Appropriations
GHe pees[
Sub-total of IV(ii)
IV(ii)
Oeeje
iii) Special Reserve u/s Sec 36(1)(viii) of
efJeMes<e Deejef#eefle
Income Tax Act, 1961
eejbefYeke Mes<e
Opening Balance
450000
750000
450000
GHe pees[
Sub-total of IV(iii)
1200000
450000
17441003
11482136
6719074
6872701
IV(iii)
pees[ (IV)
V.
Omitted)
IV. Revenue and Other Reserves :
jepemJe Deejef#eefleeeB
iii) Deeekej DeefOeefveece, 1961 keer

36(1)(viii) kes Debleie&le
ieS nQ
mecesefkele ueeYe-neefve Keeles ceW Mes<e

pees[ ( I mes V)
TOTAL (IV)
V. Balance in Consolidated Profit and Loss Account
TOTAL ( I TO V)
55386122131378946424880
vees meceeeespeve efJeoseer MeeKeeDeeW mes mebyebefOele Deebke[eW kes eLee efoveebke 31 ceee& kees eeefuele efJeefvecee oj Hej HeefjJele&ve kes keejCe efkeS ieS nw~
Note : The adjustments are on account of conversion of figures relating to foreign branches at the rates of exchange prevailing as at 31st March.
Devegmeteer - 2S DeuHemebKeke efnle
SCHEDULE - 2A : MINORITIES INTEREST
Gme leejerKe kees DeuHemebKeke efnle peye cetue

kebHeveer-meneeke kebHeveer mebyebOe DeefmlelJe ceW Deeee
Minority interest at the date on which the parent-subsidiary

relationship came into existence
HejJeleea Je=ef / (Ie)

legueve He$e keer leejerKe kees DeuHemebKeke efnle
9800
9800
Subsequent increase /(decrease)
26647
20141
Minority interest on the date of Balance Sheet
36447
29941
95
(000s es[s
eLee As at
31-03-2007
. (Rs.)
Devegmeteer - 3 peceejeefeeeB
SCHEDULE - 3 : DEPOSITS
S.
A.
I.
II.
III.
ceebie pecee
i)
yeQkeeW mes
ii) Deve mes
pees[ (I)
Yeejle ceW eeKeeDeeW keer peceejeefeeeB

ii) Yeejle kes yeenj eeKeeDeeW keer
peceejeefeeeB
pees[ (yeer)
Devegmeteer - 4 GOeej
I.
I.
Yeejle ceW GOeej

i) Yeejleere efj]peJe& yeQke
ii) Deve yeQke
iii) Deve mebmLeeSb Deewj DeefYekejCe
pees[ (I)
Yeejle kes yeenj mes GOeej
pees[ (I, II)
II.
From Banks
2648211
3031854
ii) From Others
90986944
71017825
TOTAL (I)
93635155
74049679
292546784
254861648
From Banks
82859237
28001891
ii) From Others
729726996
582363927
Savings Bank Deposits

i)
TOTAL (III)
TOTAL A (I, II, III)
B.
778460450
ii)
Deposits of branches outside India
251379654
160816695
TOTAL (B)
1198768172-49190939277145
SCHEDULE - 4 : BORROWINGS
I.
Borrowings in India :
i)
8000000
ii)
Other Banks
7504034
803070
25792675
14661740
41296709
15464810
iii) Other Institutions and Agencies

Total (I)
II. Borrowings outside India
Total ( I, II )
Secured borrowings included in I above
Inter-office adjustments (net)
IV.
V.
eefleYeteflejefnle iewj HeefjJele&veere ceeseveere yebOeHe$e
V.
VI.
24911560
43474292
66208269
58939102
8000000
11364093
11457944
1086494
2624149
4899572
4486111
3482200
26100000
29485000
3694657
10474769
7320000
27496362
23126262
92435947
74661666
SCHEDULE - 5 : OTHER LIABILITIES AND PROVISIONS
II.
(efej II - Hetbpeer kes efueS ieewCe $eCe)

efej I - Hetpb eer (DeeF&.Heer.[er.DeeF&) (SHe.meer.)
DeHHej efej II - Hetbpeer (SHe.meer.)
DeHHej efej II - Hetbpeer
Deve
pees[
939277145
947388518
Bills Payable
III.
610365818
Deposits of branches in India
I.
II.
812586233
1198768172
i)
mebose efyeue
Deblej keeee&uee meceeeespeve - (Meg)
eesodYetle yeepe
Yeejle mejkeej mes eeHle ieewCe $eCe
I.
eLee As at
31-03-2006
. (Rs.)
III. Term Deposits :
THej I ceW meefcceefuele HeefleYetle GOeej
Devegmeteer - 5 Deve oseleeSb Deewj eeJeOeeve
Omitted)
Demand Deposits :
i)
yeele yeQke pecee

ceereeoer pecee
i)
yeQkeeW mes
ii) Deve mes
pees[ (III)
pees[ S (I, II, III)
yeer i)
I.
ieS nQ
III. Interest accrued

IV. Subordinated Loan from Government of India
Unsecured Non-convertible Redeemable Bonds
(Subordinated for Tier-II Capital)
Tier-I Capital (I.P.D.I.) (F.C.)
Upper Tier-II Capital (F.C.)
Upper Tier-II Capital
VI. Others
TOTAL
96
(000s es[s
Devegmeteer - 6 vekeoer Deewj Yeejleere

efj]peJe& yeQke ceW es<e
I.
II.
neLe ceW vekeoer

(FmeceW efJeoseer kejWmeer vees
Deewj mJeCe& meefcceefuele nQ~)
Yeejleere efj]peJe& yeQke ceW es<e
i) ee}t Keeles ceW
ii) Deve KeeleeW ceW
pees[ (II)
pees[ (I, II)
Devegmeteer - 7 yeQkees ceW es<e Deewj ceebie

I.
II.
Yeejle ceW
i) yeQke ces es<e
ke) ee}t KeeleeW ceW
Ke) Deve pecee KeeleeW ceW
ii) ceebie Hej Deewj DeuHe metevee Hej HeeHle Oeve
ke) yeQkeeW kes meeLe
Ke) Deve mebmLeeDeeW ceW
pees[ (I)
Yeejle kes yeenj
i) ee}t KeeleeW ceW
ii) Deve pecee KeeleeW ceW
iii) ceebie Hej Deewj DeuHe metevee Hej HeeHle Oeve
pees[ (II)
pees[ (I, II)
Devegmeteer - 8 efveJese
Yeejle ceW efveJese

i) mejkeejer HeefleYetefleeeW ceW
ii) Deve Devegceesefole HeefleYetefleeeW ceW
iii) esejeW ceW
iv) ef[yeWejeW Deewj yebOeHe$eeW mes
v) meneesieer mebmLeeDees ceW efveJesMe
vi) Deve (eterDeeF&/cetegDeue Heb[ kes etevf e,
keceefMe&Deue HesHej Deeefo)
pees[ (I)
II. Yeejle kes yeenj efveJese
i) mejkeejer HeefleYetefleeeW ceW
(mLeeveere HeeefOekejCeeW meefnle)
ii) Deve efveJeseeW ceW
pees[ (II)
pees[ (I, II)
III. Yeejle ceW efveJese
i) efveJesMeeW kee mekeue cetue
ii) cetueeme kes efueS kegue eeJeOeeve
iii) Meg efveJesMe
IV. Yeejle kes yeenj efveJesMe
i) efveJesMeeW kee mekeue cetue
ii) cetueeme kes efueS kegue eeJeOeeve
iii) Meg efveJesMe
I.
ieS nQ
Omitted)
eLee As at
31-03-2007
. (Rs.)
eLee As at
31-03-2006
. (Rs.)
3245648
2283461
68723248
0
53038856
0
TOTAL (II)
68723248
53038856
TOTAL (I, II)
71968896
55884159
2590116
12524133
2283461
9606794
SCHEDULE - 6 : CASH AND BALANCES WITH

SCHEDULE - 6 : RESERVE BANK OF INDIA
I.
Cash in hand
(including foreign
currency notes and gold)
II. Balances with Reserve Bank of India :
i)
In Current Account
ii) In Other Accounts
SCHEDULE - 7 : BALANCES WITH BANKS & MONEY AT

CALL & SHORT NOTICE
I. In India :
i) Balances with Banks
a) in Current Accounts
b) in Other Deposit Accounts
ii) Money at call and short notice
a) With Banks
b) With Other Institutions
TOTAL (I)
II. Outside India :
i) In Current Accounts
ii) In Other Deposit Accounts
iii) Money at call and short notice
TOTAL (II)
TOTAL (I, II)
5216400
0
20330649
16322950
0
28213205
1282558
70634653
9847274
81764485
102095134
1334904
26920896
2107001
30362801
58576006
SCHEDULE - 8 : INVESTMENTS
I. Investments in India :
i) Government Securities
ii) Other approved Securities
iii) Shares
iv) Debentures and Bonds
v) Investment in Associates
vi) Others (Units of UTI/Mutual Funds, Commercial papers etc.)
TOTAL (I)
252937120
7389387
3365397
30831031
3607450
12826528
310956913
219290250
7522191
2479868
28785912
3767849
3105845
264951915
II. Investments outside India :

i) Government Securities (including local authorities)
ii) Other Investments
TOTAL (II)
TOTAL (I, II)
5190732
40055827
45246559
356203472
11985437
42316443
54301880
319253795
III. Investments in India :

i) Gross value of Investments
ii) Aggregate provisions for depreciation
iii) Net Investments
313072151
2115238
310956913
267758702
2806787
264951915
IV. Investments outside India :

i) Gross value of Investments
ii) Aggregate provisions for depreciation
iii) Net Investments
45384954
138395
45246559
54457617
155737
54301880
97
(000s es[s
eLee As at
31-03-2007
. (Rs.)
Devegmeteer - 9 Deefiece
S.
kee efkees iees Deewj yeeke=le efyeue

ii) vekeo GOeej, DeesJej[êHe Deewj ceebie Hej
Heeflemebose $eCe
iii) ceereeoer $eCe
pees[ (S)
pees[s/(IeeSb) Deblej yeQke menYeeefielee
eceeCe He$e (Meg)
i)
yeer. DeefieceeW kee efJeJejCe

i) cetle& DeeefmleeeW eje HeefleYetle
(FmeceW yener $eCeeW Hej Deefiece Meeefceue nQ)
yeQke/mejkeejer HeleeYetefleeeW eje megjef#ele

iii) DeHeefleYetle
ii)
pees[ (yeer)
pees[s/(IeeSb) Deblej yeQke menYeeefielee
eceeCe He$e (Meg)
meer. DeefieceeW kee #es$eJeej JeieeakejCe
I. Yeejle ceW Deefiece
i) HeeLeefcekelee HeeHle #es$e
IeeSb Deblej yeQke menYeeefielee
eceeCe He$e (Meg)
meeJe&peefveke #es$e
iii) yeQke
iv) Deve
ii)
pees[ (meer-I)
II. Yeejle kes yeenj Deefiece
i) yeQkeeW eje ose
ii) Deve eje ose
ke) kee efkeS ieS Deewj yeeke=le efyeue
Ke) meecetefnke $eCe
ie) Deve
pees[ (meer-II)
pees[ (meer-I, meer-II)
ieS nQ
Omitted)
eLee As at
31-03-2006
. (Rs.)
SCHEDULE - 9 : ADVANCES
A. i) Bills Purchased and Discounted
113788299
81237954
ii) Cash Credits, Overdrafts and

Loans repayable on demand
407509785
324511074
iii) Term Loans
332060860
245988416
TOTAL (A)
853358944
651737444

certificates (Net)
-4000000
849358944
651737444
579821041
437870865
ii) Covered by Bank/Government Guarantees
125617382
99585059
iii) Unsecured
147920521
114281520
853358944
651737444
-4000000
849358944
651737444
257729361
205312105
-4000000
253729361
205312105
81287440
72170866
iii) Banks
2750817
202599
iv) Others
343203443
250226754
680971061
527912324
32287019
28675178
a) Bills Purchased and Discounted
43171215
31539383
b) Syndicated Loans
21171307
12208513
c) Others
71758342
51402046
TOTAL (C-II)
168387883
123825120
TOTAL (C - I, C - II)
849358944
651737444
B. Particulars of Advances :
i) Secured by tangible assets
(includes advances against Book Debts)
TOTAL (B)
certificates (Net)
C. Sectoral Classification of Advances :

I. Advances in India
i)
Priority Sector
Less : Inter-Bank Participation
Certificates (Net)
ii) Public Sector
TOTAL (C-I)
II. Advances outside India :
i)
Due from Banks
ii) Due from others
98
(000s es[s
eLee As at
31-03-2007
. (Rs.)
Devegmeteer - 10 Deeue Deeefmleeeb

Heefjmej
DeLees<e ueeiele Hej
IeeSb - Je<e& kes oewjeve keewefleeeB/meceeeespeve
GHe-pees[
Fme leejerKe kees Hegvecet&ueve HeefjJeOe&ve kes keejCe
Hegvecet&ueve Deejef#ele ceW pecee
IeeSb Fme leejerKe kees cetueeme (Hegvecet&ueve
keejCe . 1578130 meefnle-iele Je<e& kes
.1499331)
pees[ (I)
Deve Deeue Deeefmleeeb
(FmeceW Heveeaej Deewj efHekemeej meefcceefuele nQ)
DeLees<e ueeiele Hej
IeeSB Je<e& kes oewjeve keewefleeeB/meceeeespeve
GHe-pees[
IeeSB Fme leejerKe kees cetueeme
pees[ (II)
efvecee&CeeOeerve Hetbpeeriele keee&
pees[ (I, II, III)
I.
II.
III.
I.
II.
PREMISES :
Less: Deductions / Adjustments during the year
Sub-total
Addition to date on account of revaluation
credited to revaluation reserve
Less : Depreciation to date (including Rs. 1578130 on
account of revaluation - Previous year Rs. 1499331)
4742040
398267
1631
5138676
3072962
3072865
2818406
2609826
TOTAL -(I)
5530977
5601715
OTHER FIXED ASSETS :

(including Furniture and Fixtures)
Less: Deductions / Adjustments during the year
8547818
714273
256412
7955072
757434
164688
Sub-total
Less: Depreciation to date
9005679
6755306
8547818
6155590
TOTAL (II)
2250373
2392228
114116
106760
7895466
8100703
8655216
6827995
11882078
16298626
17784
18606
436698
246573
9202689
7270246
30194465
30662046
3446025
3986313
437628
3200
455535705
528782205
a) In India
65344643
54838551
b) Outside India
23673449
20408307
77712025
59326866
272680978
160333701
115957
425819
898946410
828104962
III. CAPITAL WORK IN PROGRESS

TOTAL (I, II, III)
I. HeesodYetle yeepe
II. Deefiece He mes eoe kej/m$eesle Hej keee ieee kej
III. uesKeve meeceieer Deewj mecHe
IV. DeemLeefiele kej DeeefmleeeBb
V. Deve
I.
Interest accrued
II.
Tax paid in advance/tax deducted at source
III. Stationery and Stamps

IV. Deferred Tax Assets
V.
pees[
II.
III.
IV.
V.
VI.
VII.
yeQke kes efJe oeJes efpevnW $eCe kes He ceW

mJeerkeej veneR efkeee ieee nw
Debele Heoe efveJeseeW kes efueS oseleeSb
yekeeee Jeeeoe efJeefvecee mebeJf eoeDeeW kes keejCe
oseleeSb
mebIekeeW keer Deesj mes oer ieF& ieejbefeeB
ke) Yeejle ceW
Ke) Yeejle kes yeenj
mekeej, He=<ebkeve Deewj Deve oeefelJe
yeepe oj keer Deouee-yeoueer
Deve ceoW efpevekes ef}S yeQke Deekeefmceke He
ces osveoej nw
pees[
eLee As at
31-03-2006
. (Rs.)
5138676
205385
67640
5276421
SCHEDULE - 11 : OTHER ASSETS
I.
Omitted)
SCHEDULE - 10 : FIXED ASSETS
Devegmeteer - 11 Deve Deeefmleeeb
Devegmeteer - 12 Deekeefmceke oseleeSB
ieS nQ
Others
TOTAL
SCHEDULE - 12 : CONTINGENT LIABILITIES

I.
Claims against the Bank not acknowledged as debts
II.
Liability for partly paid Investments
III.
Liability on account of outstanding forward exchange

contracts
IV.
V.
VI.
Guarantees given on behalf of Constituents :
Acceptances, endorsements and other obligations

Interest Rate Swaps
VII. Other items for which the Bank is contingently liable

TOTAL
99
(000s es[s
Devegmeteer - 13 Deefpe&le yeepe Deewj ueeYeebMe

I. DeefieceeW/efJeefvecee He$eeW Hej yeepe/yee
II. efveJesMeeW Hej Deee
III. Yeejleere efj]peJe& yeQke kes Mes<eeW Deewj
Deve Devlej-yeQke efveefOeeeW Hej yeepe

IV. Deve
pees[
Devegmeteer - 14 Deve Deee
I. keceereve, efJeefvecee Deewj oueeueer

II. efveJeseeW kes efJekee Hej ueeYe-egOo
III. Yetefce, YeJeveeW Deewj Deve DeeefmleeeW
kes efJekee Hej ueeYe-egOo
IV. efJeefvecee mebJeJenejeW Hej }eYe-egOo

V. meneesieer mebmLeeSb / kebHeefveeeb Deewj/ee
mebegkele GHeeceeW Hej ueeYeebMe Deeefo kes

He ceW Deefpe&le Deee
VI. efJeefJeOe Deee
pees[
Devegmeteer - 15 Jee efkeee ieee yeepe
I. peceejeefeeeW Hej yeepe

II. Yeejleere efjp] eJe& yeQke/Deblej yeQke GOeejeW Hej yeepe
III. Deve [efpemeceW HeefjMeesOeve Jee . 2440450
(efJeiele Je<e& . 2436604 Meeefceue nw)]
pees[
Devegmeteer - 16 Heefjeeueveiele Jee
kece&eeefjeeW kees Yegieleeve Deewj

Gvekes efueS HeeJeOeeve
II. Yeeke, kej Deewj efyepeueer
III. cegCe Deewj uesKeve meeceieer
IV. efJe%eeHeve Deewj Heeej
V.
yeQke keer mecHeefe Hej cetueeme
VI. efveosekeeW keer Heerme, Yees Deewj Jee
VII. uesKee Hejer#ekeeW keer Heerme Deewj Jee
(MeeKee uesKee Hejer#ekeeW meefnle)
VIII. efJeefOe HeYeej
IX. [eke, Jee, leej, sef}Heesve Deeefo
X.
cejccele Deewj jKe-jKeeJe
XI. yeercee
XII. Deve Jee
pees[
I.
Devegmeteer - 16 S meneesieer mebmLeeDeeW ceW

Depe&ve/neefve kee DebMe
I.
II.
#es$eere eeceerCe yeQke (DeejDeejyeer)

Deve
pees[
SCHEDULE - 13 : INTEREST AND DIVIDENDS EARNED

I.
Interest/Discount on advances/bills
II. Income on Investments
III. Interest on balances with Reserve Bank of India and
other inter-bank funds
IV. Others
TOTAL
SCHEDULE - 14 : OTHER INCOME
I.
Commission, exchange and brokerage
II. Profit on sale of Investments - net
III. Profit on sale of land, buildings and other assets - net
IV. Profit on exchange transactions - net
V. Income earned by way of dividends etc., on subsidiaries/
companies and/or joint ventures
VI. Miscellaneous Income
TOTAL
SCHEDULE - 15 : INTEREST EXPENDED
I.
Interest on Deposits
II. Interest on Reserve Bank of India / inter-bank borrowings
III. Others [includes amortisation expenses of Rs. 2440450
(Previous year Rs. 2436604)]
TOTAL
SCHEDULE - 16 : OPERATING EXPENSES
I.
Payments to and provisions for employees
II.
III.
IV.
V.
VI.
VII.
Rent, Taxes and Lighting

Printing and Stationery
Advertisement and Publicity
Depreciation on Banks property
Directors fees, allowances and expenses
Auditors fees and expenses
(includes for branch auditors)
VIII. Law Charges
IX. Postage, Telegrams, Telephones, etc.
X.
Repairs and Maintenance
XI. Insurance
XII. Other Expenditure
TOTAL
ieS nQ
Omitted)
Je<eele For the
Je<eele For the
Year Ended
31-03-2007
. (Rs.)
Year Ended
31-03-2006
. (Rs.)
63975291
24600923
45729759
21612899
3221642
5426
91803282
1862860
1081459
70286977
5967072
2049326
159486
5189914
1140936
2737
2240788
1823140
151380
7726
5145048
15713101
3748192
11912645
46082450
5433179
5881437
34981143
3619369
5365432
57397065
43965944
16166152
13304796
1688674
326325
425025
967882
715
181892
1515764
298490
137475
968238
483
164009
224815
138416
307738
861270
4831601
26120506
102774
129657
308594
706203
3548182
21184665
SCHEDULE - 16 A : SHARE OF EARNINIGS/LOSSES IN ASSOCIATES

I.
II.
Regional Rural Banks (RRBs)

Othes
TOTAL
100
(152826)
(7575)
(160401)
94467
130417
224884
Devegmeteer - 17
SCHEDULE 17 :
cenJeHetCe& uesKee veerefleeeB
SIGNIFICANT ACCOUNTING POLICIES
1)
uesKeebkeve HeOoefle SJeb meceskeve eefeee
(ke) mebueive efJeeere efJeJejCe Heeefuele efJeeejOeeje Deewj peejer HejbHeje kes Devegmeej leweej
efkeS ieS nQ Deewj Jen Yeejleere keeee&ueeeW/MeeKeeDeeW kes mebyebOe ceW Yeejle Deewj
efJeoseer keeee&ueeeW/MeeKeeDeeW kes mebyebOe ceW efYevve-efYevve oseeW ceW meeceevele DeHeveeeer
pee jner eLee leLee meebefJeefOeke GHeyevOeeW kes DevegHe nw peye leke efke DeveLee
JeJemLee ve oer ieF& nes~
(Ke) mecesefkele efJeeere efJeJejCe ceW yeQke Dee@He Fbef[ee Deewj Fmekeer meneeke kebHeefveeeW kes
Keeles Meeefceue nQ~ mecesefkele efJeeere efJeJejCe keer uesKeeHeefle ceW SkeHelee keeece
jKeves kes efuees Deeblej-mecetn uesve osve Deewj iewj-Gieenerke=le ueeYe-neefve kee efJeueesHeve
kejkes, peneb keneR pejer ngDee lees, DeeJeMeke meceeeespeve efkeee ieee nw~ meneeke
kebHeefveeeW kes efJeeere efJeJejCe kees Gmekes cetue keer lejn Gmeer efleefLe ceW eLee 31 ceee&
2007 kees leweej efkeee ieee nw~
(ie) yeQke Dee@He Fbef[ee keer uesKee Deewj efjHeesefie veerefle kee eeesie efJeeere efJeJejCe
yeveeles mecee efkeee ieee nw pees yeQefkebie Geesie ceW eeefuele nw Deewj Yeejle ceW
meeceevele mJeerke=le uesKee Heefle nw leLee pees mecee mecee Hej Yeejleere efjpeJe& yeQke
eje peejer efoMeeefveoxMeeW leLee Fbmeret Dee@He ee&[ SkeeGvs DeeHe Fbef[ee
(DeeF&meerSDeeF&) kes uesKeebkeve ceeveke-21, `mecesefkele efJeeere efJeJejefCeeeB' uesKee
Heefle kes Devegmeej nw~
(Ie) Fbmeret Dee@He ee&[ SkeeGbW Dee@He Fbef[ee (DeeF&meerSDeeF&) eje peejer uesKeebkeve
ceeveke-23, ``mecesefkele efJeeere efJeJejefCeeeW ceW meneesieer kebHeefveeeW ceW uesKeebkeve'' kes
DevegHe FeqkeJeer eCeeueer kes Devleie&le meneesieer kebHeefveeeW ceW efveJesMe kee uesKeebkeve
efkeee peelee nw~
2)
2.1
efJeoseer cege efJeefvecee mes mebyeOo uesve-osve

meceekeefuele efJeoseer HeefjeeueveeW kes mebyebOe ceW mHeerkejCe
1)
ACCOUNTING CONVENTION & CONSOLIDATION

PROCEDURE :
a)
The accompanying financial statements have been prepared by

following the going concern concept, generally on a historical cost
basis and conform to the statutory provisions and practices prevailing
in India in respect of Indian Offices/Branches and in respective
foreign countries in respect of Foreign Offices/Branches, except as
otherwise stated.
b)
The Consolidated financial statements include the accounts of Bank

of India and its subsidiaries. The consolidated financial statements
have been prepared after eliminating intra-group transactions,
unrealised profit/loss and making necessary adjustments wherever
required to conform to uniform accounting policies. The financial
statements of the subsidiaries are drawn up to the same reporting
date as that of parent i.e. 31st March 2007.
c)
The accounting and reporting policies of Bank of India used in

preparation of these financial statements, reflect the banking industry
practices and conform to the generally accepted accounting principles
in India and the guidelines issued by the Reserve Bank of India and
Accounting Standard 21 Consolidated Financial Statements, issued
by the Institute of Chartered Accountants of India (ICAI).
d)
Accounting for Investment in associate companies is done under

Equity method in accordance with Accounting Standard 23,
Accounting for Investment in Associates in Consolidated Financial
Statements, issued by the Institute of Chartered Accountants of India
(ICAI).
2)
TRANSACTIONS INVOLVING FOREIGN EXCHANGE :
2.1 Translation in respect of Integral Foreign operations :
i)
efJeosMeer cege ceW mebJeJenej kejves Jeeueer Yeejleere MeeKeeDeeW kees meceekeef}le
efJeoseer Heefjeeueve kes He ceW Jeieeake=le efkeee ieee nw Deewj Fve MeeKeeDeeW ceW
efJeoseer efJeefvecee mebJeJenejeW kees mebJeJenej keer efleefLe Hej efJeeceeve oj Hej
efjkee[& efkeee ieee nw~
ii)
ceewefke efJeoseer cege keer DeeefmleeeB SJeb oseleeDeeW kee cetue nj Je<e& kes
Deble ceW Hes[eF& eje DeefOemetefele ojeW kes Devegmeej Deebkee ieee nw Deewj iewjceewefke ceoeW kees mebJeJenej keer efleefLe Hej efJeeceeve oj Hej Deebkee/mHe
efkeee ieee nw~
iii)
efJeoseer cege ceW mekeej, He=ebkeve leLee oeefelJe SJeb ieejbefeeb Je<e& meceeeqHle ceW
Hes[eF& eje DeefOemetefele mebJejCe ojeW Hej Debefkele keer ieF& nw~
iv)
2.2
efveHeeve kes mecee GlHeVe nesves Jeeues efJeefvecee DeblejeW Deewj efJeeere Je<e& keer
meceeeqHle Hej ceewefke ceoeW kes mHeerkejCe kees efpeme DeJeefOe mes Jen mebyebefOele nw
Gme DeJeefOe kes efueS Deee DeLeJee Jee kes He ceW ceevee ieee nw~
meceekeueve jefnle efJeosMeer HeefjeeueveeW kes mebyebOe ceW mHeerkejCe
efJeoseer MeeKeeDeeW kees meceekeueve jefnle efJeosMeer HeefjeeueveeW kes He ceW Jeieeake=le efkeee
ieee nw Deewj Gvekes efJeeere efJeJejCeHe$eeW kees efvecveevegmeej mHe efkeee peelee nw
i)
DeeefmleeeW Deewj oseleeDeeW (ceewefke Deewj iewj-ceewefke kes meeLe meeLe Deekeefmceke
oseleeDeeWb) kees Je<e& keer meceeefHle Hej Yeejleere efJeosMeer cege JeeHeejer mebIe (Hes[eF&)
eje DeefOemetefele mebJejCe ojeW kes DeeOeej Hej Deebkee/mHe efkeee peelee nw~
i)
Indian branches having foreign currency transactions have been

classified as integral foreign operations and foreign exchange
transactions at these branches have been recorded at the rates
prevailing on the date of the transaction.
ii)
Monetary Foreign currency assets and liabilities are translated

at the closing rates notified by Foreign Exchange Dealers
Association of India (FEDAI) at the year end and non-monetary
items are translated at the rates prevailing on the transaction
date.
iii)
Acceptances, endorsements and other obligations and

guarantees in foreign currencies are carried at the closing rates
iv)
Exchange differences arising on settlement and translation of

monetary items at the end of the financial year are recognised
as income or expenses in the period in which they arise.
2.2 Translation in respect of Non-Integral Foreign operations :

Foreign branches are classified as non-integral foreign operations
and their financial statements are translated as follows :
101
i)
Assets and Liabilities (both monetary and non-monetary as well

as contingent liabilities) are translated at the closing rates
Deee Deewj JeeeW kees mebyebefOele efleceener keer meceeeqHle Hej Hes[eF& eje metefele
efleceener Deewmeleve uesKeeyeboer oj Hej mHe efkeee peelee nw~
ii)
Income and expenses are translated at the quarterly average

closing rates notified by FEDAI at the end of respective quarter.
meYeer HeefjCeeceer efJeefvecee DeblejeW kees mebyebefOele efJeosMeer MeeKeeDeeW ceW efveJeue
efveJeseeW kes efveHeeve leke Ske Deueie Keeles efJeoseer cege mHeerkejCe efjpeJe& ceW
mebefele efkeee peelee nw ~
efveJese
efveJese kee JeieeakejCe Yeejleere efj]peJe& yeQke kes efoeeefveoxeeW kes Devegmeej `keejesyeej
kes efueS jKes ieS'' esefCeeeW ceW efkeee peelee nw yeQefkebie efJeefvecee DeefOeefveece, 1949
keer leermejer Devegmeteer kes Heece& S keer DeHes#eeDeeW kes DevegHe Fvekee JeieeakejCe
mecetneW mejkeejer eefleYetefleeeb, Deve Devegceesefole eefleYetefleeeb, Mesej, ef[yesvej,
Deewj yevOeHe$e, meneeke kecHeefveeeW/mebegkele GeceeW ceW efveJesMe Deewj Deve efveJesMe
ceW efkeee peelee nw~
JeieeakejCe kee DeeOeej
efveJeseeW kee JeieeakejCe meeceevele Gmekeer Kejero mecee efkeee peelee nw
ke) HeefjHekeJelee kes efueS efveOee&efjle
Ssmes efveJeseeW kee mecetn efpevnW yeQke HeefjHekeJelee leke jKelee nw ~
Ke) keejesyeej kes ef}S efveOee&efjle
Ssmes eefleYetefleeeb efpevnW cegKe He mes Kejero keer leejerKe mes 90 efoveeW kes Deboj
Hegve efyekeer kes ef}S jKee peelee nw, GvnW Fme eer<e& kes Debleie&le Jeieeake=le efkeee
peelee nw ~
ie) efyekeer kes ef}S GHeueyOe
Ssmes efveJese efpevekee JeieeakejCe HeefjHekeJelee kes efueS efveOee&efjle DeLeJee keejesyeej
kes efueS efveOee&efjle He ceW veneR efkeee nw GvnW Fme Meer<e& ceW jKee ieee nw~
iii)
All resulting exchange differences are accumulated in a separate

account Foreign Currency Translation Reserve till the disposal
of the net investments in the respective foreign branches.
ii)
iii)
3)
3.1
3.2
4)
cetueebkeve kee lejerkee

efveJeseeW kee cetueebkeve Yeejleere efj]peJe& yeQke kes efoeeefveoxeeW kes Devegmeej efkeee
peelee nw~
ke) HeefjHekeJelee nsleg efveOee&efjle
Fme esCeer kes lenle efveJeseeW kees Gvekes DeefOeienCe ueeiele Hej efueee ieee nw,
Fvekes DeefOeienCe Hej Yegieleeve keer ieF& Heerefceece keer jeefe, eefo keesF& nes lees,
Gmes melele Depe&ve eCeeueer GHeeesie kej HeefjHekeJelee keer Mes<e yeeer DeJeefOe ceW
HeefjMeesefOele efkeee ieee nw~
Ke) keejesyeej kes efueS efveOee&efjle/efyekeer kes efueS GHe}yOe
Fme esCeer ceW eefleYetefleeeW kes eqmeHeJeej cetueebkeve efkeee ieee nw, eefleYetefleeeW
kes cetueJe=ef/cetue-eme kees Gvekes Jeiee&vegmeej pees[e/Ieeee ieee nw Deewj
efveJeue cetue-eme kees ueeYe Je neefve KeeleeW keer ceeve HeefleeeW kes DevegHe
ueieeee ieee nw peyeefke efveJeue cetueJe=ef kees Oeeve ceW veneR efueee ieee nw~
ie) efJeoseer MeeKeeDeeW kes efveJeseeW kees mebyebeOf ele efJeosMeer kesveW Hej Heeefuele meebeJf eefOeke
HeeJeOeeveeW ee Yeejleere efj]peJe& yeQke kes efoeeefveoxeeW kes Devegmeej cetue mes kece
cetue Hej efveele efkeee ieee nw~
Deefiece
(ke) Yeejleere efj]peJe& yeQke eje peejer efoeeefveoxeeW kes Devegmeej GOeejkelee& eje
Deefece keer cetue/yeepe keer Jemetueer kes DeeOeej Hej GlHeeoke DeLeJee DeveglHeeoke
DeeefmleeeW ceW Jeieeake=le efkeee ieee nw~ Yeejleere efjpeJe& yeQke eje efveOee&efjle
efJeJeskeHetCe& ceeveoC[eW kes DevegHe eeJeOeeve kej DeveglHeeoke DeeefmleeeW kees Hegve
GHe-ceeveke, mebefoiOe SJeb neefveiele DeeefmleeeW ceW Jeieeake=le efkeee ieee nw~
(Ke) efJeoseer MeeKeeDeeW kes DeefieceeW kes ceeceueeW ceW mebyebefOele efJeosMeer keWeW DeLeJee
Yeejleere efjpeJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej, pees Yeer DeefOeke nes,
meebefJeefOeke eeJeOeeve jKes ieS nQ~
3)
INVESTMENTS :
Investments are classified under Held to Maturity, Held for
Trading and Available for Sale categories as per Reserve Bank of
India (RBI) guidelines. In conformity with the requirements in Form
A of the Third Schedule to the Banking Regulation Act, 1949, these
are classified under six groups Government Securities, Other
Approved Securities, Shares, Debentures and Bonds, Investments in
Subsidiaries/Joint Ventures and Other Investments.
3.1 Basis of classification

Classification of an investment is normally done at the time of its
acquisition :
(a)
Held to Maturity
These comprise investments the Bank intends to hold on to
maturity.
(b) Held for Trading

Investments acquired with the intention to trade within 90 days
from the date of purchase are classified under this head.
(c)
Available for Sale

Investments which are not classified either as Held to Maturity
or as Held for Trading are classified under this head.
3.2 Method of valuation

Investments are valued in accordance with the RBI guidelines.
(a)
Held to Maturity
Investments included in this category are carried at their
acquisition cost. Premium, if any, paid on acquisition is
amortized using constant yield method over the remaining
period of maturity.
(b) Held for Trading / Available for Sale

Investments under these categories are valued scrip-wise.
Appreciation / depreciation is aggregated for each class of
securities and net depreciation as per applicable norms is
recognised in the profit and loss account, whereas net
appreciation is ignored.
(c)
Held at Foreign Branches

Investments held at foreign branches are carried at lower of
the value as per the statutory provisions prevailing at the
respective foreign countries and as per RBI guidelines issued
from time to time.
4)
102
ADVANCES:
(a)
In terms of guidelines issued by the RBI, advances to borrowers

are classified into Performing or Non-Performing assets
based on recovery of principal / interest. Non-Performing Assets
(NPAs) are further classified as Sub-Standard, Doubtful and
Loss Assets, and provision thereon is made in accordance with
the Prudential norms prescribed by the RBI from time to time.
(b)
In respect of advances at Foreign Branches, provision is made

as per the statutory requirements prevailing at the respective
foreign countries, or as per the RBI guidelines, whichever is
higher.
5)
6)
7)
8)
9)
10)
(ie) DeefeceeW kes Devepe&ke keer cee$ee kees Oeeve ceW jKekej eyebOeve kes cetueebkeve kes
DeeOeej Hej DeveglHeeoke DeefeceeW ceW efJeefMe eeJeOeeve efkeS ieS nw, en Yeejleere
efjpeJe& yeQke eje efveOee&efjle vetvelece eeJeOeeve kes ceeHeoC[eW kes DeOeOeerve nQ~
(Ie) DeveglHeeoke DeefeceeW kes eeJeOeeveeW SJeb DeveglHeeoke DeefeceeW kes DeJemetueerke=le
yeepe kees kegue DeefeceeW mes Ieeee ieee nw~
efmLej Deeefmleeeb
ke) DeeefmleeeW kes Hegvecet&ueebefkele nesves kes Deefleefjkele, efmLej DeeefmleeeW kees HejbHejeiele
ueeiele ceW yeleeee ieee nw~ Hegvecet&ueebkeve mes Je=ef kees Hegvecet&ueebkeve efjpeJe& ceW
pecee efkeee ieee nw~
Ke) Heefjmej cesW Yetefce mJeeb keer SJeb HeeOeejer oesveeW keer ueeiele Meeefceue nw~
Deeue DeeefmleeeW Hej cetueeme
(i) cetueeme
ke) DeeefmleeeW Hej (Hegvecetu& eebekf ele DeeefmleeeW kees efceueekej) yeQke eje efveOee&ejf le
ojeW Hej cetueeefmele yener cetue Hej eYeeefjle efkeee ieee nw Deewj kecHetjeW
Hej Yeejleere efjpeJe& yeQke eje efveOee&efjle oj mes meerOeer jsKee Heefle mes
cetueeme ueieeee nw~
Ke) FmeceW HeefjJeOe&ve kees HetCe& Je<e& kes efueS eeJeOeeve efkeee ieee, FmeceW
Deeefmle kes keeeeaue kejves keer leejerKe kees Oeeve ceW veneR jKee ieee nw~
ie) Deeefmle kes Je<e& ceW efyeeer/efveHeeve kees eeJeOeeve ceW veneR efueee ieee nw~
Ie) DeeefmleeeW kes Hegvecet&ueebefkele DebMe kees Hegvecet&ueebkeve efjpeJe& Keeles ceW
meceeeesefpele efkeee ieee nw~
(ii) peneB Yetefce Deewj YeJeve keer ueeiele Deueie-Deueie veneR keer pee mekeleer nw, mecHetCe&
ueeiele Hej cetueeme kee eeJeOeeve YeJeve kees ueeiet oj Hej efkeee ieee nw~
(iii) HeeOeeefjle Yetefce Hej eoe eerefceece Hes keer DeJeefOe ceW HeefjMeesefOele nw~
jepemJe efveOee&jCe
ke) Yeejleere efjpeJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej DeveglHeeoke DeeefmleeeW,
peneB Deee kee efveOee&jCe Jemetueer Hej neslee nw, kees es[kej Deee/Jee kee
uesKeebkeve meeceeveleee eesodYeJeve DeeOeej Hej efkeee peelee nw~
Ke) Yeejleere efjpeJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej DeveglHeeoke KeeleeW keer
Jemetueer kees meJe&eLece yeepe ceW meceeeesefpele efkeee ieee nw Deewj lelHeeeled Deve
ose jeefMeeeW ceW meceeeesefpele efkeee ieee nw~
ie) Deeekej JeeHemeer Hej yeepe kee efveOee&jCe mebyebefOele eeefOekeeefjeeW keer Dee%ee kes
Devegmeej efveefele efkeee peelee nw~
mesJee efveJe=efe ueeYe
ke) YeefJe<e efveefOe ceW DebMeoeve ueeYeneefve Keeles kees eYeeefjle efkeee ieee nw~
Ke) meHe GHeoeve, HeWMeve leLee ger vekeoerkejCe ueeYeeW mebyebOeer oseleeDeeW kee
eeJeOeeve yeerceebefkeke cetueebkeve kes Devegmeej efkeee ieee nw~
Heeke=le DeeefmleeeB
Hees keer Deee keer Heneeve Hes keer eeLeefceke DeJeefOe Hej Deevleefjke eefleHeue oj
Heefle kes Devegmeej keer peeleer nw Deewj Gmekee uesKeebkeve Yeejleere meveoer uesKeekeej
mebmLeeve (DeeF&meerSDeeF&) eje peejer efkees iees uesKeebkeve ceeveke 19 HeeW kee uesKeebkeve
kes Devegmeej efkeee ieee nw~
Deee Hej kej
Fbmeret Dee@He ee&[& SkeeGbW Dee@He Fbe[f ee (DeeF&meerSDeeF&) eje peejer uesKeebkeve
ceeveke-22, Deee Hej kejeW kes efueS uesKeebkeve kes DevegHe Deeekej ceW Je<e& kes
oewjeve Jele&ceeve kej eeJeOeeve Deewj DeeefmleeeW ee oseleeDeeW Hej DeemLeefiele kej ceW
Meg HeefjJele&ve Meeefceue nw~
5)
6)
(c)
Specific provisions in respect of NPAs are made, based on the

managements assessment of the degree of impairment of the
advances, taking into account the minimum provisioning norms
prescribed by the RBI from time to time.
(d)
Provisions in respect of NPAs and unrealised interest are

deducted from total advances.
FIXED ASSETS :
(a)
Fixed assets are stated at historic cost, except in the case of

assets which have been revalued. The appreciation on
revaluation is credited to Revaluation Reserve.
(b)
Cost of premises includes cost of land, both freehold and

leasehold.
DEPRECIATION ON FIXED ASSETS :

(i)
Depreciation :
(a)
on assets (including revalued assets), is charged on the

Written Down Value at the rates determined by the Bank;
and on computers, on the Straight Line Method, at the
rates prescribed by the RBI;
(b)
on additions is provided for the full year, irrespective of

the date on which the assets were put to use;
(c)
is not provided in the year of sale/disposal of an asset;
(d)
on the revalued portion of assets, is adjusted against the

Revaluation Reserve
(ii) Where the cost of land and building cannot be separately

ascertained, depreciation is provided on the composite cost, at
the rate applicable to buildings.
(iii) Premium paid on leasehold land is amortised over the period
of lease.
7)
8)
9)
REVENUE RECOGNITION :
(a)
Income/Expenditure is generally accounted for on accrual basis,

except in the case of income on NPAs which is recognised on
realisation, in terms of the RBI guidelines issued from time to
time.
(b)
In terms of RBI guidelines issued from time to time, recoveries

made from NPA accounts are appropriated first towards interest
and thereafter towards other dues.
(c)
Interest on income tax refund is recognised on the basis of the

relevant orders of the authorities.
RETIREMENT BENEFITS :
(a)
Contribution to the Provident Fund for the year is charged to

Profit and Loss account.
(b)
Liabilities in respect of gratuity, pension and leave encashment

benefits to staff are provided as per actuarial valuation.
LEASED ASSETS :
Lease Income is recognised based on the Internal Rate of Return
method over the primary period of the lease and is accounted for in
accordance with the Accounting Standard 19 on Accounting for
Leases, issued by the Institute of Chartered Accountants of India
(ICAI).
10) TAXES ON INCOME :
103
Income Tax comprises the current tax provision and net change in
deferred tax assets or liabilities in the year, in accordance with the
Accounting Standard 22 , Accounting for Taxes on Income issued
by ICAI.
Devegmeteer - 18
KeeleeW kes Yeeie kes He ceW vees
SCHEDULE 18
NOTES FORMING PART OF ACCOUNTS
mecesefkele efJeeere efJeJejCeeW kees leweej kejves kes efueS efJeeej ceW ueer ieF& meneeke
kebHeveer (pees cetue yeQke Dee@He Fbef[ee, kes meeLe ieefle mecetn nw) efvecveefueefKele nw.
meneeke kebHeveer kee veece
efveieceve osMe
mJeeefcelJe kee
meceevegHeele
ke) yeerDeesDeeF& Mesej nesefu[bie efue. Yeejle
51%
Je<e& kes oewjeve yeQke ves eleske Hees 10/- cetue kes 1600 MesejeW kes meceHenjCe kees
j efkeee~ HeuemJeHe Hees 16000 keer mecee jeefMe egkelee Hetbpeer ceW pees[er ieF& .
10 eefleMesej kes cetue keer Hees 15000/- keer jeefMe meceHenjCe (peyleer) Mesej
Keeles mes Debleefjle keer ieF& nw Deewj Hees 13500/- keer jeefMe Mesej eerefceece Keeles ceW
Debleefjle keer ieF& nw~
1.
2.
3.
Yeejleere efj]peJe& yeQke eje Demeteerye MesejeW kes HetJe& Je<eeX ceW Gvekes yeskeDeHe cetue kes
yepeee ueeiele Hej cetueebkeve kejves kes [êHe mebMeesefOele efoMeeefveoxMeeW kes DevegHe
jnves kes efueS, HetJeexHeee kes He ceW, eeJeOeeve SJeb DeekeeqmcekeleeDeeW ceW . 20.63
kejes[ keer jeefMe kee cetueeme kes He ceW eeJeOeeve efkeee ieee~
4.
DevegHetjke Keelee uesKes kee legueve Deewj uesKee meceeOeeve efJeosMeer MeeKee Deewj veesmês
KeeleeW mes Hegef/uesKee meceeOeeve Deewj Geble, ose-[êHe, meceeMeesOeve efYeVelee Deeefo ceW
eefJeefeeW kee meceeeespeve eeuet eefeee kes He ceW eieefle Hej nw~ 31.03.2007 leke
Deblej MeeKee keejesyeej kes efJe<ee ceW eefJeefeeW kee eejbefYeke efceueeve efkeee ieee nw~
Mes<e eefJeefeeW kes efceueeve/meceeOeeve nsleg eYeeJeer He ceW DevegJeleea keee& efkeee pee jne
nw~ GHejeskele Debeflece efveHeeve/meceeeespeve kee eyebOeve keer jee ceW uesKeeW Hej mecee
eYeeJe veieCe jnsiee~
5.
efvecveefueefKele peevekeejer kee Yeejleere efjpeJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej
ekeve efkeee ieee nw~
1.
2.
3.
4.
5.
(ke) HetBpeer
ceoW
i) meerDeejSDeej (%)
ii) meerDeejSDeej - erej I Hetbpeer (%)
iii) meerDeejSDeej - erej II Hetbpeer (%)
iv) Yeejle mejkeej keer Mesej Oeeefjlee kee
31.03.2007
11.71%
6.68%
5.03%
69.47%
31.03.2006
10.94%
6.95%
3.99%
69.47%
Heefleele
(Ke) eeJeOeeve SJeb DeekeeqmcekeleeSb
ueeYe SJeb neefve Keeles ceW oMee&S ieS He ceW eeJeOeeve SJeb DeekeeqmcekeleeDeeW kee
efJeJejCe efvecveevegmeej nw
(. kejes[ ceW)
ceoW
DeveglHeeoke DeeefmleeeW nsleg eeJeOeeve
efveJesMeeW kes cetue ceW cetueeme
kejeOeeve nsleg eeJeOeeve
DeemLeefiele kejeOeeve (Deeefmle)
ceeveke DeeefmleeeW kes efueS eeJeOeeve
osMe kes peesefKece kes efueS eeJeOeeve
Deve eeJeOeve
kegue
6.
2006-07
556.89
13.34
430.22
(18.43)
217.22
5.28
69.41
1273.93
The subsidiary (which along with Bank of India, the parent, constitute
the group), considered in the preparation of the Consolidated
Financial Statements is:
Name of Subsidiary
of Incorporation
Country
Ownership
Proportion of
India
51%
During the year, the Bank annulled the forfeiture in respect of 1600
equity shares of Rs. 10 each. Consequently, an aggregate amount of
Rs.16000 representing the face value of Rs. 10 per share has been
added to the Paid-up Capital; an amount of Rs. 15000 has been
transferred from Forfeited Shares Account and an amount of
Rs. 13500 has been transferred to Share Premium Account.
Provisions and Contingencies include an amount of Rs. 20.63 crores
provided by way of depreciation, as a proactive measure, to be in
line with the draft revised guidelines of RBI for valuing the unlisted
equity shares at cost as against their breakup value in earlier years.
Balancing of Subsidiary Ledger Accounts and confirmation/
reconciliation of balances with foreign branches and NOSTRO
Accounts, and adjustment of entries in Suspense, Drafts Payable,
Clearing Difference, etc. is in progress on an on-going basis.
Initial matching of entries in respect of inter-branch transactions till
31 st March 2007, is continuing to be carried out. Matching/
reconciliation of balance entries is being followed-up. Pending final
clearance/adjustment of the above, the overall impact, if any, on the
accounts, in the opinion of the management, is not likely to be
significant.
The following information is disclosed in terms of guidelines issued
by RBI:
(a) Capital :
Items
31.03.2007 31.03.2006
i) CRAR (%)
11.71%
10.94%
ii) CRAR - Tier I Capital (%)
6.68%
6.95%
iii) CRAR - Tier II Capital (%)
5.03%
3.99%
iv) Percentage of the shareholding
69.47%
69.47%
of the Government of India.
(b) Provisions & Contingencies :
The break-up of Provisions and Contingencies appearing in
the Profit and Loss Account is as under :
(Rs. in crores)
2005-06
535.61
91.31
201.26
14.50
88.51
3.00
67.13
1001.32
Items
Provision for NPA
Depreciation in Value of Investments
Provision for Taxation
Deferred Taxation (Asset)
Provision for Country Risk
Other Provisions
Grand Total
Yeejleere meveoer uesKeekeej mebmLeeve eje peejer uesKeebkeve ceevekeeW kes Devegmeej
efvecveefueefKele peevekeejer eke keer ieeer nw~
(ke) mebJeJenejesb mes mebyebefOele He#ekeej
I)
mebyebefOele He#ekeejeW keer meteer
104
6.
2006-07
556.89
13.34
430.22
(18.43)
217.22
5.28
69.41
1273.93
2005-06
535.61
91.31
201.26
14.50
88.51
3.00
67.13
1001.32
The following information is disclosed in terms of Accounting

Standards issued by the Institute of Chartered Accountants of
India
(a)
Related Party Transactions :

I)
List of Related Parties :

(ke) cegKe eyebOekeere keeefce&ke
eer Sce. yeeueebve
eer Heer. Sue. iewjesuee - efoveebke 17.05.2006 leke
eer kes. Deej. keecele - efoveebke 19.05.2006 mes
(Ke) meneeke kecHeefveeeb
(i)
yeer Dees DeeF& Mesej nesefu[bie efueefces[
(51% ceeefuekeevee nke)
(ii)
yeQke Dee@He Fbef[ee HeeFveWme (kesvee) efueefce. (Deye
efJeueefele, ceevelee nevee Deewj HeefjmeceeHeve ueeqcyele nw)
(ie) meneesieer
(i)
Yeejleere eefleYetefle JeeHeej efveiece efueefce.
(29.96% ceeefuekeevee nke)
(ii)
Fb[es peeeqcyeee yeQke efueefce.
(ceeefuekeevee nke 20.00%)
yeQke eje eeeesefpele 7 #es$eere eeceerCe yeQke
(iii)
(35.00% ceeefuekeevee nke)
Deeee&Jele& eeceerCe yeQke; yewlejCeer eeceerCe yeQke; PeejKeC[ eeceerCe yeQke; vece&oe ceeueJee
eeceerCe yeQke; jlveeefiejer eEmeOegogie& eeceerCe yeQke; meesueeHegj eeceerCe yeQke; Jewveiebiee
#es$eere eeceerCe yeQke.
II) mebyebefOele He#ekeejeW kes meeLe mebJeJenej Transactions with Related Parties
ceos / mebyebefOele He#ekeej
Items/Related Party

(a)
Key Managerial Personnel :

Executive Director
Shri P. L. Gairola - till
17.05.2006
Shri K. R. Kamath - from 19.05.2006
(b) Subsidiaries :
(i)
(Ownership Interest 51%)
(ii) Bank of India Finance (Kenya) Ltd. (Since
merged; derecognition and liquidation are
pending)
(c) Associates
:
(i)
Securities Trading Corporation of India Ltd.
(Ownership Interest 29.96%)
(ii) Indo-Zambia Bank Ltd.
(Ownership Interest 20.00%)
(iii) 7 Regional Rural Banks sponsored by the
Bank (Ownership Interest 35.00%)
Aryavart Gramin Bank; Baitarni Gramin Bank; Jharkhand Gramin
Bank; Narmada Malwa Gramin Bank; Ratnagiri Sindhudurg Gramin
Bank; Solapur Gramin Bank; Wainganga Kshetriya Gramin Bank.
meneesieer/
mebegkele Gece
Associates/
Joint Ventures
pecee
Deposit
peceejeefMeeeW kee efveeespeve Placement of deposits
efveJese
Investments
Lending in Call / Notice /
ceW GOeej osvee
Term Money
Deve GOeej osvee
Other Lending
Borrowings in Call / Notice /
ceW GOeej uesvee
Term Money
Sale of Govt. Securities /
efye}eW/yeeb[es keer efyekeer
Purchase of Govt. Securities /
efyeueeW/yeeb[es keer Kejero
iewj-efveefOeke Jeeeos
Non-funded commitments
Heoe yeepe
Interest paid
HeeHle yeepe/Deve HeYeej
Interest received
Heoe ueeYeebe
Dividend Paid
HeeHle ueeYeebe
Dividend Received
HeeHe Deve HeYeej
Other Charges receivable
JeemleefJeke jeefe . 50,000 mes kece nesves kes keejCe oee&eer veneR ieeer nw~
cegKe HeyebOeve
keeefce&ke
cegKe HeyebOeve
keeefce&ke kes mebyebOeer
Key Management Relatives of Key

Personnel
Management
Personnel
2005-06
2006-07
2005-06
22.98
102.47
171.84
171.84
264.45
16.97
62.56
171.84
171.84
1075.00
0.24
0.25
0.06
0.09
0.11
0.16
0.01
0.01
23.33
102.88
171.84
171.84
264.45
17.04
62.66
171.84
171.84
1075.00
250.00
366.30
250.00
0.30
250.00
366.30
250.00
0.30
49.15
785.82
0.30
468.07
49.15
785.82
0.30
468.07
856.88
3368.26
856.88
3368.26
5.71
0.20
1.38
0.53
0.01
5.72
0.20
*
1.38
0.53
0.12
0.13
0.12
0.13
105
2006-07 2005-06
Total
2006-07
*Actual amount being less than Rs. 50,000/-, the same is not furnished.
2006-07 2005-06
kegue

(Ke)
Hee efJeeHees<eCe
(i) Hee efJeeHees<eCe Deewj Fmekes IekeeW ceW yeQke kes efveJesMe keer mebeJf eoeiele HeefjHekeJeleeSb,
pees DeefeceeW ceW Meeefceue keer ieF& nw kee GuuesKe veeres efkeee ieee nw~
(. kejes[ ceW)
e. meb. efJeJejCe
ke) mekeue efveJesMe
Ke) eeHe Hee Yegieleeve
(i) 1 Je<e& mes DeefOeke veneR
(ii) 1 Je<e& mes DeefOeke efkebvleg
5 Je<e& mes DeefOeke veneR
(iii) 5 Je<e& mes DeefOeke
kegue
ie) Deveefpe&le efJee Deee
[) efveJeue efveJesMe (ke-ie)
(b) Lease Financing :

(i) The contractual maturities of the Banks investment in lease
financing and its components, which are included in Advances
are set out below :
(Rs. in crores)
Sr. No. Particulars
31-03-2007 31-03-2006
Metve
Metve
15.25
29.43
1.25
2.81
c)
Unearned finance income
14.00
26.62
d)
Net investments [a c]
TOTAL
(S)
FefkeJeer Mesej OeejkeeW kees eoeve

kejves eesie Je<e& kes efueS Meg ueeYe
(yeer)
15.25
29.43
8.20
7.05
15.64
13.79
NIL
NIL
15.25
29.43
1.25
2.81
14.00
26.62
(ii) Lease income of Rs. 1.57 crores ( Previous year Rs. 3.21 crores)
is included under Interest Earned.
(c)
Earnings Per Share :
2006-07
2005-06
Sr. No.
Rs. 22.73
Rs. 14.87
1.
DeeOeejYetle F&.Heer.Sme. keer ieCevee

e.meb. efJeJejCe
Lease payment receivables

(i) not later than 1 year
(ii) later than 1 year but not later
than 5 years
(iii) later than 5 years
15.64
13.79
(ie) eefle Mesej Depe&ve

DeeOeejYetle Deewj Deewmele F&.Heer.Sme.
b)
8.20
7.05
Meeefceue ieee nQ~
1.
Gross Investments
29.43
(ii) 1.57 kejes[ keer Hee Deee (efJeiele Je<e& . 3.21 kejes[) kees Deefpe&le yeepe ceW
e. meb. efJeJejCe
a)
15.25
31-03-2007 31-03-2006
Particulars
Basic and Diluted E.P.S.
2006-07
2005-06
Rs. 22.73
Rs. 14.87
Calculation of Basic E.P.S.

2006-07
2005-06
Sr. No
Rs. 1108.03 Rs. 724.63
Particulars
2006-07
2005-06
(A)
Net Profit for the year attributable Rs. 1108.03 Rs. 724.63
to Equity Shareholders
crores
crores
Rs. 48.74
(B)
Weighted Average Number of

Equity shares
Rs. 48.74
crores
Rs. 48.74
crores
Rs. 22.73
Rs. 14.87
(C)
Basic Earnings per Share(A/B)
Rs. 22.73
Rs. 14.87
Rs. 10.00
Rs. 10.00
(D)
Nominal Value per Share
Rs. 10.00
Rs. 10.00
kejes[
kejes[
FefkeJeer Mesej keer Yeeefjle

Deewmele mebKee
Rs. 48.74
(meer)
cetueYetle eefleMesej Depe&ve (ke/Ke)
([er)
eefleMesej Debefkele cetue
kejes[
kejes[
(Ie) DeemLeefiele kejeOeeve

(i) DeemLeefiele kej DeeefmleeeW Deewj oseleeDeeW kes Jenve cetueeW Deewj Fvekes lelmebyebOeer
kej DeeOeej Deewj Heefjeeueveiele Deesveerle neefve kes yeere GlHeVe DemLeeeer
efYeVeleeDeeW kes HeefjCeecemJeHe YeefJe<e kes kej kes efueS DeefYe]%eele efkeS iees nQ~
DeemLeefiele kej DeeefmleeeW kees kesJeue efJeJeske kee HetCe& efJeeej kejves kes HeMeele
DeefYe]%eele efkeee ieee nw~ DeemLeefiele kej Deeefmleeeb Deewj oseleeSb kej ojeW
Deewj kej keevetveeW kee GHeeesie kejles ngS, pees legueve He$e keer leejerKe leke
eoefMe&le ee JeemleefJeke He mes eoefMe&le efkeS iees nQ~ kej ojeW ceW HeefjJele&ve kes
keejCe DeemLeefiele kej DeeefmleeeW Deewj oseleeDeeW Hej eYeeJe Deee efJeJejCeeW ceW
Yeer DeefYe%eele efkeS ieS nQ~
(d) Deferred Taxation :

(i)
Deferred tax assets are recognised for future tax consequences of

temporary differences arising between the carrying values of assets
and liabilities and their respective tax bases and operating carry
forward losses. Deferred tax assets are recognised only after giving
due consideration to prudence. Deferred tax assets and liabilities are
measured using tax rates and tax laws that have been enacted or
substantively enacted by the balance sheet date. The impact on
deferred tax assets and liabilities on account of a change in the tax
rates is also recognised in the income statement.
ii)
Je<e& kes oewjeve . 18.43 kejes[ (Meg) (efJeiele Je<e& 10.52 kejes[ (Meg)
veeces keer ieF&) DeemLeefiele kej kes meceeeespeve kes He ceW ueeYe neefve Keeles kees
pecee efkeS ieS~
ii)
During the year, an amount of Rs. 18.43 crores (net) [Previous year
Rs. 10.52 crores (net) was debited] has been credited to the Profit and
Loss account by way of adjustment of Provision for deferred tax.
iii)
DeemLeefiele kej DeeefmleeeW Deewj DeemLeefiele kej oseleeDeeW kes cegKe

Ieke~
iii)
Major components of Deferred Tax Assets and Deferred Tax
106
Liabilities
(. kejes[ ceW)
ke. meb. efJeJejCe
DeemLeefiele kej Deeefmle
i) HeeJeOeeve kes efveefcee mecee
Devlej kes keejCe
ii) Deve
keg} DeemLeefiele kej Deeefmle
DeemLeefiele kej oselee
i) Jener cetueeme Deewj
Deeekej cetueeme
kes yeere mecee Devlej kes keejCe
ii) Deve
kegue DeemLeefiele kej oseleeSb
egOo DeemLeefiele kej Deeefmle/(oselee)
(Rs. in crores)
31-03-2007 31-03-2006
Sr. No Particulars
31.03.2007 31.03.2006
Deferred Tax Assets

9.04
35.07
i)
On account of timing difference

towards provisions
64.65
73.69
1.51
36.58
ii)
9.04
35.07
Others
64.65
1.51
Total Deferred Tax Assets
73.69
36.58
30.02
3.46
Deferred Tax Liabilities

30.02
3.46
i)
On account of the timing difference

between the book depreciation and
Income Tax depreciation
0.00
30.02
8.46
11.92
ii)
Others
43.67
24.66
e) KeC[ efjHees& kejvee / (e) Segment Reporting

Yeeie-ke keejesyeej KeC[ / Part A : Business Segments
keejesyeej KeC[
Business Segments
kees<eeieej /
Treasury Operations
0.00
8.46
Total Deferred Tax Liabilities
30.02
11.92
Net Deferred Tax Assets/(Liabilities)
43.67
24.66
Deve yeQefkebie / Other Banking

Heefjeeueve/ Operations

kegue / Total
efJeJejCe
jepemJe
HeefjCeece
Particulars
2006-07
2005-06
2006-07
2005-06
2006-07
2005-06
Revenue
3168.51
2570.69
7560.93
5538.50
10729.44
8109.19
Results
373.99
323.86
2304.18
1503.37
2678.17
1827.23
iewj Deeyebefle Deee

Jee kees es[kej
Unallocated Income
Net of Expenses
-296.20
-101.29
Heefjeeueveiele }eYe
Deee kej
eg ueeYe
Operating Profit
2381.97
1725.94
411.79
215.75
1108.03
724.63
Deve peevekeejer
KeC[ Deeefmleeeb
iewj Deebyeefle Deeefmleeeb
kegue Deeefmleeeb
KeC[ oseleeSb
iewj Deebyeefle oseleeSb
kegue oseleeSb
OTHER INFORMATION
139987.06
110003.38
1784.58
2418.04
141771.64
112421.42
131472.11
103716.24
Income Tax
Net Profit
Segment assets
50745.14
41264.69
89241.92
68738.69
Unallocated assets
Total assets
Segment liabilities
47645.63
38904.95
83826.48
64811.29
Unallocated liabilities
Total liabilities
4272.77
3574.55
135744.88
107290.79
eneB yeQke eje keesF& cenJeHetCe& DeJeefMe< Heefjeeueve veneR efkeS ieS nQ / There are no significant residual operations carried on by the bank.
Yeeie-Ke Yeewieesefueke KeC[
mJeoseer
Debleje&<êre

kegue
Deomestic
International
Total
Part B : Geogriphical Segments
efJeJejCe
Particulars
2006-07
2005-06
2006-07
2005-06
2006-07
2005-06
jepemJe
Revenue
8949.86
6878.31
1779.58
1230.88
10729.44
8109.19
Deeefmleeeb
Assets
109698.22
88575.09
30288.84
21428.29
139987.06
110003.38
107
uesKeebkeve ceeveke 17 kes DevegHeeueve Hej Yeejleere efj]peJe& yeQke kes efoMeeefveoxMees kes DevegHe
yeQke kes keejesyeej KeC[ kees eeLeefceke efjHeesefie KeC[ Deewj Yeewsieesefueke KeC[ kees ieewCe
KeC[ kes He ceW efveOee&efjle efkeee nw~
eeLeefceke KeC[ keejesyeej KeC[
ke) kees<eeiej Heefjeeueve FmeceW mejkeejer Deewj Deve eefleYetefleeeb cege yeepeej Heefjeeueve
Deewj Heesjskeme Heefjeeueve Meeefceue nQ~
Ke) Deve yeQefkebie Heefjeeueve FmeceW efveiece yeQefkebie, Kegoje, Jeweefkeleke Deewj JeeefCeefpeke
yeQefkebie, vekeoer eyebOeve mesJeeSb, peceejeefMe Deewj mecye mesJeeSb pewmes esef[ kee[&
Deewj efve#esHeeieej menYeeieer mesJeeSb Meeefceue nQ~
Deblej KeC[ere DevlejCeeW kee cetue efveOee&jCe
Deve yeQefkebie Heefjeeueve (yeerDees) yeerDees Ske ceeOeefceke mebmeeOeve mebenCekelee& FkeeF&
nw Deewj kees<eeieej KeC[ yeerDees eje GHeeefpe&le peceejeefMeeeW keer Deewmele ueeiele kees Oeeve ceW
jKeles ngS yeerDees eje GOeej oer ieeer efveefOeeeW keer #eefleHetefle& kejlee nw~
ueeiele kee Deebyeve
ke) efJeMes<e KeC[ kees meerOes eoeve efkeS ieS JeeeW kees mebyebefOele KeC[ ceW Deebyeefle efkeee
ieee nQ~
Ke) efJeMes<e KeC[ kees meerOes eOeeve efkeS ieS JeeeW kees kece&eeefjeeW/mebeeefuele keejesyeej
keer mebKee kes DevegHeele ceW Deebyeefle efkeS ieS nQ~
ieewCe KeC[ Yeewieesefueke KeC[
ke) mJeosMeer Heefjeeueve
Ke) Debleje&<êre Heefjeeueve
The Bank has recognised Business Segments as Primary reporting segment

and Geographical Segments as Secondary segment in line with RBI
guidelines in compliance with Accounting Standard 17.
Primary Segment : Business Segments
a)
Treasury Operations : Includes dealing in Government and other

Securities, Money Market Operations and Forex Operations.
b)
Other Banking Operations: Consists of Corporate Banking, Retail

Banking, Personal and Commercial Banking, Cash Management
Services, Deposits and allied services such as Credit Cards and
Depository Participant Services.
Pricing of Inter-segmental transfers

Other Banking Operations (BO) : BO is a Primary resource mobilising
unit and Treasury Segment compensates the former for funds lent by BO
to it taking into consideration the average cost of deposits incurred by
BO.
Allocation of costs
a)
Expenses directly attributed to particular segment are allocated to

the relative segment
b)
Expenses not directly attributable to specific segment are allocated

in proportion to number of employees / business managed.
Secondary Segment : Geographical Segments

a)
Domestic Operations
b)
International Operations
108

7.
vekeoer eJeen kee efJeJejCe CASH FLOW STATEMENT

efJeJejCe
ke) Heefjeeueveiele ieefleefJeefOeeeW mes vekeoer HeJeen

kejeOeeve kes Henues Meg ueeYe
SeerSce efveJesMees kee HeefjMeesOeve
Deeue mebHeefeeeW Hej cetue-eme
efveJese Hej cetue-eme
DeeesOe $eCe yee Keelee/Sve.Heer.S kes efueS eeJeOeeve
ceeveke DeeefmleeeW kes efueS HeeJeOeeve
Deve ceoeW kes efueS HeeJeOeeve
ieewCe yeeB[dme Hej Yegieleeve/HeeJeOeeve
eeHle ueeYeebMe
pecee jeefeeeW ceW ye{/(Ie)
GOeej ces ye{/(Ie)
Deve oseleeDeeW Deewj HeeJeOeeveeW ceW ye{/(Ie)
efveJese ceW (ye{)/(Ie)
Deefiece ceW (ye{)/(Ie)
Deve DeeefmleeeW ceW (ye{)/Ie
Hele#e kej Yegieleeve / JeeHemeer
Heefjeeueveiele ieefleefJeefOeeeW mes efveJeue
vekeoer HeJeen (ke)
Ke) efveJese ieefleefJeefOeeeW mes vekeoer HeJeen
Dee} mecHeefe keer Kejero
Deeue mecHeefe keer efyeeer
meneeke kebHeefveeeW kes meceskeerkejCe kee eYeeJe
meneeke kebHeefveeeW mes HeeHle ueeYeebe
efveJese ieefleefJeefOeeeW mes efveJeue
vekeoer HeJeen (Ke)
ie) efJee Hees<eCe ieefleefJeefOeeeW mes vekeoer eJeen
ieewCe yeeB[
eoe ueeYeebMe (Debleefjce SJeb Debeflece)
ieewCe yeeB[ Hej yeepe kee Yegieleeve (Meg)
efJee Hees<eCe ieefleefJeefOeeeW mes
efveJeue vekeoer eJeen (ie)
vekeo Deewj vekeoer mecelegue ceW
efveJeue ye{le (ke) + (Ke) + (ie)
1 Deewue kees vekeoer SJeb vekeoer
mecelegue kee DeLeMes<e
31 ceee& kees vekeoer SJeb vekeoer mecelegue
8.
9.
10.
(. kejes[ ceW) (Rs. in crores)

Je<ee&vle
Je<ee&vle
Particulars
Year ended
31.03.2007
Year ended
31.03.2006
1519.82
940.39
244.04
96.79
13.34
556.89
217.22
74.69
243.66
96.82
91.32
535.62
88.51
70.12
269.22
(15.14)
255.58
25949.10
726.92
85.14
(3968.39)
(20319.04)
(375.88)
23.52
5098.24
15108.84
(68.04)
509.71
(3430.41)
(10180.48)
(207.46)
(650.55)
3403.63
(92.71)
8.56
16.03
15.14
(100.85)
(52.98)
(122.79)
1462.22
(277.88)
(269.22)
950.00
(55.58)
(255.58)
915.12
638.84
5960.38
3919.68
Opening Cash and Cash Equivalents as at April, 1
11446.02
7526.34
Cash and Cash Equivalents as at March, 31
17406.40
11446.02
A. Cash Flow from Operating Activities :

Net Profit before taxes
Adjustments for :
Amortisation of HTM Investments
Depreciation on Fixed Assets
Depreciation on Investment
Bad-debts Written off/Provisions for NPAs
Provision for Standard Assets
Provision for Other Items
Payment / Provision for Interest
on Subordinated Bonds
Dividend received
Adjustments for :
Increase /( Decrease) in Deposits
Increase /( Decrease) in Borrowings
Increase / (Decrease) in Other Liabilities and Provisions
(Increase) / Decrease in Investments
(Increase) / Decrease in Advances
(Increase) / Decrease in Other Assets
Direct Taxes (Paid)/Refund
Net Cash Flow from Operating Activities (A)
B. Cash Flow from Investing Activities :
Purchase of Fixed Assets
Sale of Fixed Assets
Impact of Consolidation of Subsidiaries
Dividend on Associates
Net Cash Flow from Investing Activities (B)
C. Cash Flow from Financing Activities :
Subordinate Bonds
Dividend (Interim & Final) paid
Interest Paid on Subordinate Bonds (net)
Net Cash Flow from Financing Activities ( C )
Net Increase in Cash & Cash Equivalents
(A) + (B) + (C)
efHeues Je<e& kes Deebke[es kee peneB kener DeeJeeke mecePee ieee, Hegveme&cetnve
HegveJe&JemLeeHeve efkeee ieee nw~
Yeejleere meveoer uesKeekeej mebmLeeve eje peejer meeceeve mHe<erkejCe kes eueles cetue
Deewj meneefeefkeeeW kes Deueie efJeeere efJeJejCe ceW mecesefkele efJeeere efJeJejCeeW kes mele
Gefele vepeefjS Hej keesF& eYeeJe [eues yeiewj Deefleefjkele meebefJeefOeke peevekeejer kee
Kegueemee efkeee ieee nw Deewj Ssmeer ceoeW kes mebyebOe ceW pees Fmekeer efJe<ee-Jemleg veneR nQ,
kes mebyebOe ceW mecesefkele efJeeere efJeJejCe He$e ceW Kegueemee vener efkeee ieee nw~
mecetn mebmLeeDeeW kes eeuet Je<e& kes Deeke[eW kees peneB kener DeeJeMeke mecePee
HegveJe&JeefmLele / Hegve leweej / Hegve mecetefnle efkeee ieee nw~
8.
(21.94)
Previous years figures have been regrouped/rearranged, wherever

considered necessary.
9. Additional Statutory information disclosed in separate financial
statements of the parent and subsidiaries having no bearing on the
true and fair view of the consolidated financial statements and also
the information pertaining to the items which are not material have
not been disclosed in the consolidated financial statements in view
of the general clarification issued by the Institute of Chartered
Accountants of India.
10. Current years figures of the group entities have been rearranged/
recast/regrouped wherever necessary.
109
yeQke Dee@]He Fbef[ee Deewj Fmekeer meneeke kecHeefveeeW kes mecesefkele efJeeere
efJeJejCe Hej yeQke Dee@]He Fbef[ee kes efveosMeke yees[& kees uesKee Hejer#ekeeW keer
efjHees&
1.
2.
3.
4.
5.
AUDITORS REPORT TO THE BOARD OF DIRECTORS OF

BANK OF INDIA ON THE CONSOLIDATED FINANCIAL
STATEMENTS OF BANK OF INDIA AND ITS SUBSIDIARIES.
nceves 31 ceee& 2007 keer yeQke Dee@]He Fbef[ee (yeQke) Deewj Fmekeer meneeke
kecHeefveeeW kes mebueive mecesefkele legueve He$e, mecesefkele ueeYe Deewj neefve Keelee Deewj
Fmekes meeLe mebueive Gmeer leejerKe kees meceeHle Je<e& kes efueS mecesefkele vekeoer eJeen
efJeJejCe kee Hejer#eCe efkeee nw efpemeceW nceejs eje uesKee Hejeref#ele yeQke kes uesKee
Deewj Deve uesKee Hejer#ekeeW eje uesKee Hejeref#ele Ske meneeke kecHeveer Meeefceue
nw~
1.
es efJeeere efJeJejefCeeeB yeQke eyebOeve keer efpeccesoejer nw~ nceejer efpeccesoejer en nw

keer nceejer uesKee Hejer#ee kes DeeOeej Hej Fve efJeeere efJeJejefCeeeW Hej jee Jekele
kejW~ meeceevele Yeejle ceW mJeerke=le uesKee Hejer#ee ceevekeeW kes Devegmeej nceves uesKee
Hejer#ee kee Deeeespeve efkeee nw~ Fve ceevekeeW kes Devegmeej nceW uesKee Hejer#ee Fme
lejn Deeeesefpele Deewj keeeeefvJele kejveer eeefnS efke Fme yeejs ceW, DeefYe%eele
efJeeere efjHeesefie {ebes kes Devegmeej leweej efkeS ieS nQ Deewj FmeceW keesF& cenlJeHetCe&
ieueleer ve nesleer nes~ uesKee Hejer#ee ceW Hejer#eCe kes DeeOeej Hej jeefMe mes mebyebefOele
eceeCeeW keer peebe kejevee Deewj efJeeere efJeJejCe ceW Gmes eke kejvee Meeefceue neslee
nw~ uesKee Hejer#ee ceWb, eegkele uesKeebkeve efmeebleeW kee cetueebkeve eyebOeve eje efkeS
ieS cenlJeHetCe& Devegceeve leLee mecee efJeeere efJeJejCe keer emlegefle kee cetueebkeve
Meeefceue neslee nw~ nceW efJeeeme nw efke nceejer uesKee Hejer#ee nceejer jee kes efueS
Gefele DeeOeej eoeve kejleer nw~
2.
nceves meneeke kecHeveer kes efJeeere efJeJejCeeW keer uesKee Hejer#ee veneR keer nw efpemekes
efJeeere efJeJejCe 31 ceee& 2007 kees . 16.33 kejes[ keer kegue Deefmleeeb Deewj
Gmeer leejerKe kees meceeHle Je<e& kes efueS 10.36 kejes[ kee kegue jepemJe eoefMe&le
kejles nw~ Fve efJeeere efJeJejefCeeeW kees Deve uesKee Hejer#ekeeW eje uesKee Hejeref#ele
efkeee ieee nw efpevekeer efjHees& nceW emlegle keer ieF& nw Deewj nceejer jee peneb leke
efke meneeke kecHeefveeeW kes mebyebOe ceW Meeefceue jeefMe kee mebyebOe nw Deve uesKee
Hejer#ekeeW keer efjHees& Hej HetCe& He mes DeeOeeefjle nw~
nce efjHees& kejles nQ efke mecesefkele efJeeere efJeJejCe yeQke eje Yeejleere meveoer
uesKeekeej mebmLeeve eje peejer uesKeebkeve ceeveke (SSme) 21, ``mecesefkele efJeeere
efJeJejCe'' Deewj SSme 23, ``mecesefkele efJeeere efJeJejefCeeeW ceW meneeke kecHeefveeeW
kes efveJesMees nsleg uesKeebkeve'' keer DeeJeMekelee kes Devegmeej Deewj yeQke Deewj
mecesefkele efJeeere efJeJejefCeeeW ceW Meeefceue meneeke kecHeefveeeW Deewj meneesieer
mebmLeeDeeW ceW Deueie mes uesKee Hejeref#ele efJeeere efJeJejefCeeeW kes DeeOeej Hej leweej
efkeS ieS nQ~
nceejer jee ceW Deewj nceejer mecHetCe& peevekeejer leLee nceW efoS ieS mHeerkejCe Deewj
yeQke, uesKes Hej efHHeCeer kes meeLe Heefle Fmekeer meneeke kecHeveer Deewj meneesieer
mebmLeeDeeW kes Jeweeqkeleke uesKeeHejeref#ele efJeeere efJeJejCeeW Hej He=Leke uesKee Hejer#ee
efjHees& kes efJeJeseve Hej peevekeejer efpeme He ceW DeHesef#ele nw Gme He ceW osles nQ
Deewj Yeejle ceW meeceevele mJeerke=le uesKeebkeve efmeeblees kes DevegHe efvecveefueefKele
kee mener Deewj Gefele efe$e emlegle kejles nQ~
We have examined the attached consolidated Balance Sheet of Bank

of India (the Bank) and its subsidiaries as at 31st March 2007, the
consolidated Profit & Loss Account and the consolidated Cash Flow
Statement for the year ended on that date annexed thereto in which
are incorporated the accounts of the Bank audited by us and one
subsidiary audited by other auditors.
These financial statements are the responsibility of the Banks
management. Our responsibility is to express an opinion on these
financial statements based on our audit. We conducted our audit in
accordance with generally accepted auditing standards in India. These
Standards require that we plan and perform the audit to obtain
reasonable assurance whether the financial statements are prepared,
in all material respects, in accordance with an identified financial
reporting framework and are free of material misstatements. An
audit includes, examining on a test basis, evidence supporting the
amounts and disclosures in the financial statements. An audit also
includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall
financial statements. We believe that our audit provides a reasonable
basis for our opinion.
3.
We did not audit the financial statements of the subsidiary whose

financial statements reflect total assets of Rs. 16.33 crores as at 31st
March, 2007 and total revenue of Rs. 10.36 crores for the year then
ended. 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 Subsidiaries is
based solely on the report of the other auditors.
4.
We report that the consolidated financial statements have been

prepared by the Bank in accordance with the requirements of
Accounting Standard (AS) 21 Consolidated Financial Statements
and AS 23, Accounting for Investments in Associates in
Consolidated Financial Statements issued by the Institute of
Chartered Accountants of India and on the basis of the separate
audited financial statement of the Bank and its Subsidiaries and
Associates included in the consolidated financial statements.
5.
110
In our opinion and to the best of information and explanation given

to us and on the consideration of the separate audit reports on
individual audited financial statements of the Bank, its Subsidiaries
and Associates read with the Notes on Accounts give the information
in the manner required and give a true and fair view in conformity
with the accounting principles generally accepted in India :

i)
mecesefkele legueve He$e kes mebyebOe ceW 31 ceee&, 2007 keer efmLeefle kes Devegmeej
yeQke Deewj Fmekeer meneeke kecHeefveeeW kes mecesefkele keee& keer efmLeefle
i)
In the case of the Consolidated Balance Sheet of the

consolidated state of affairs of the Bank, its subsidiaries and
associates as at 31st March, 2007
ii)
iii)
mecesefkele ueeYe Je neefve uesKee kes mebyebOe ceW Gmeer leejerKe kees meceeHle Je<e&
kes efueS yeQke Deewj Fmekeer meneeke kecHeefveeeW kes HeefjeeueveeW kes mecesefkele
HeefjCeece Deewj
mecesefkele vekeoer eJeen efJeJejCeeW kes mebyebOe ceW Gmeer leejerKe kees meceeHle Je<e&
kes efueS mecesefkele vekeoer eJeen~
ii)
In the case of the Consolidated Profit and Loss Account of the

consolidated results of operations of the Bank, its subsidiaries
and associates for the year ended on that date; and
iii)
In case of the Consolidated Cash Flow Statement of the

Consolidated cash flow for the year ended on that date.
ke=les yeer. Deej. censejer SC[ kebHeveer

meveoer uesKeekeej
ke=les ekegj, JeweveeLe Deej SC[ kebHeveer

meveoer uesKeekeej
ke=les yecednwee SC[ kebHeveer

meveoer uesKeekeej
For B. R. Maheswari & Co.

For Thakur, Vaidyanath Aiyar & Co

For Brahmayya & Co

Yeeieeroej meomelee e. 83863
(kes. Sve. iegHlee)


(Ashok Gadodia)
Partner Membership No. 83863
(K. N. Gupta)
(P. S. Kumar)
ke=les kes. Sve. iegiegefee SC[ kebHeveer

meveoer uesKeekeej
ke=les efce$ee kegb[t SC[ yeemet

meveoer uesKeekeej
ke=les yeesjkej SC[ cegpegceoej

meveoer uesKeekeej
For K. N. Gutgutia & Co

Mitra Kundu & Basu

For Borkar & Muzumdar

(Sme. Heesjs)
(Heer. kes. Heesej)


(S. Pore)
(P. K. Podder)
(B. M. Agarwal)

Mumbai, 22 May, 2007
111
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112
HeOeeve keeee&uee mej neGme, meer-5, `peer' yuee@ke, yeebe-keguee& mebkegue, yeebe (HetJe&), cegbyeF& - 400 051.
Hejes#eer Heece&
(MesejOeejke eje Yeje Deewj nmlee#ej efkeee peeS)
[er Heer DeeF& [er ......................................
Hevvee ke. ................................
ieenke DeeF& [er ke. .................................
(eefo [erces ve efkeee ieee nes)
(eefo [erces efkeee ieee nes)
ceQ/nce ................................................................................................................ efveJeemeer ......................................... efpeuee
................................................. jepe .................................................................................. yeQke Dee@]He Fbef[ee kee/kes esejOeejke
ntb/nQ Deewj ceQ/nce Sleeje eer./eerceleer ..........................................................................................................................kees ee Je ve nesves
Hej eer/eerceleer............................................................................... efveJeemeer .................................................................................
efpeuee ............................................................................ jepe ................................................................. kees cesjs/nceejs efueS leLee
cesjer/nceejer Deesj mes efoveebke 10 peg}eF& 2007 ceW Deeeesefpele yeQke Dee@]He Fbef[ee kes esejOeejkeeW keer yewke ces Deewj mebyebefOele yewke kes mLeieve keer efmLeefle ceW celeoeve kes ef}S
Hejes#eer kes He ceW efveegkele kejlee ntb/kejles nQ~
ceen ........................................keer................................... 2007 kees nmlee#eefjle
Hejes#eer kes nmlee#ej ..................................................................
veece ................................................................................
jmeeroer efke
Helee ................................................................................
.........................................................
HeLece/Skecee$e esejOeejke kes nmlee#ej
Hejes#eer Heece& Hej nmlee#ej kejves Deewj Fmes pecee kejves mebyebOeer Devegose
1. keesF& Hejes#eer efueKele leye leke JewOe veneR ceeveer peeesieer peye leke efke Jen,
ke. Skecee$e - esejOeejke Jeefkele kes ceeceues ceW esejOeejke eje ee Gvekes eje ef}efKele ceW efJeefOeJele HeeefOeke=le De@veea eje nmlee#eefjle veneR nesieer~
Ke. mebegkele OeejkeeW kes ceeceues ceW en jefpemj ceW ope& HeLece esej Oeejke eje ee Gvekes eje efueefKele He ceW efJeefOeJele HeeefOeke=le De@veea eje nmlee#eefjle veneR neW~
ie. efveieefcele efvekeee kes ceeceues ceW efueefKele He ceW efJeefOeJele HeeefOeke=le DeefOekeejer ee De@veea eje nmlee#eefjle veneR nesieer~
2. Hejes#eer-efueKele efkemeer esejOeejke eje Heee&Hle He mes nmlee#eefjle nesveer eeefnS efkevleg eefo efkemeer keejCeJee esejOeejke DeHevee veece efueKeves ceW DemeceLe& nw Deewj Gvekes Debiets kee
efveeeve JeneB ueiee nw lees Jen efveeeve veeeOeere, ceefpem^, yeercee jefpemêj ee GHe-jefpemêj ee efkemeer Deve mejkeejer jepeHeef$ele DeefOekeejer ee yeQke Dee@]He Fbef[ee kes efkemeer
DeefOekeejer eje mee#ebefkele (Desms[) nesvee eeefnS~
3. keesF& Yeer Hejes#eer leye leke JewOe veneR nesiee peye leke Gme Hej efJeefOeJele jmeeroer efke ve ueiee nes Deewj Gmes efvecveef}efKele Heles Hej Jeeef<e&ke Deece yewke keer leejerKe mes kece mes kece eej
efove Henues pecee veneR kejeee ieee nes~ Gmekes meeLe Gme Hee@Jej Dee@]He Deveea ee Deve HeeefOekeej (eefo keesF& nes) efpemekes lenle Gmes nmlee#eefjle efkeee ieee nes ee Gme Hee@Jej Dee@]He
Deveea keer Heefle ee Deve HeeefOekeej kees yeQke ceW Henues pecee Deewj Hebpeerke=le ve efkeee ieee nes~
ke. yeQke Dee@]He Fbef[ee, esej efJeYeeie, HeOeeve keeee&uee, mej neGme, meer-5, `peer' yuee@ke, yeebe-keguee& mebkegue, yeebe (HetJe&), cegbyeF& - 400 051.
Ke. ces. Mesej ees.meefJe&mespe (Fbef[ee) ee.efue. etefve yeQke Dee@]He Fbef[ee, meece Fms, leermejer cebefpeue, yeQke Dee@]He ye[ewoe kes THej, keeef[&veue esefmeeme jes[, ekeeuee, DebOesjer HetJe&,
cegbyeF& - 400 099.
4. yeQke kes Heeme pecee keer ieeer Hejes#eer keer efueKele DeHeeflemebnjCeere leLee Debeflece nesieer~
5. efJekeuHe ceW oes JeefkeleeeW kes He#e ceW Heoe Hejes#eer keer efueKele kes ceeceues ceW Ske mes DeefOeke Heece& efve<Heeefole veneR efkeee peeSiee~
6. Hejes#eer keer efueKele kees efve<Heeefole kejves Jeeues esejOeejke Jeeef<e&ke Deece yewke ceW Jeefkeleiele He mes celeoeve kejves kes nkeoej veneR nesieW~
7. efkemeer Yeer Ssmes Jeefkele kees efJeefOeJele HeeefOeke=le HeefleefveefOe DeLeJee Hejes#eer kes He ceW efveegkele veneR efkeee peeSiee pees yeQke Dee@]He Fbef[ee kee DeefOekeejer DeLeJee kece&eejer nes~
113
Bank of India
Head Office: : Star House, C-5, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051.
PROXY FORM
(To be filled by the shareholders)
DP ID ............................................
Folio No. .........................................
Client ID ..............................................
(if not dematerialised)
(if dematerialised)
I/We, ...................................................................................................... resident of ........................................................................ in the district of

.................................................................................... in the state of .................................................. being a shareholder/shareholders of Bank of India,
hereby appoint Shri/Smt ..................................................................... resident of .................................................. in the district of
.................................................... in the state of................................................................. or failing him/her, Shri/Smt. .......................................................
resident of ............................................. in the district of .................................. in the state of .............................................. as my/our proxy to vote for
me/us and on my/our behalf at the Meeting of the Shareholders of Bank of India to be held on the 10th July, 2007 and at any adjournment thereof.
Signed this .......................................................day of .................... 2007.
Signature of Proxy....................................................................................
Name : .....................................................................................................
Revenue
Stamp
Address : ................................................................................................
............................................................................
Signature of first named/sole shareholder
INSTRUCTIONS FOR SIGNING AND LODGING THE PROXY FORM
1. No instrument of proxy shall be valid unless,
a) in the case of an individual shareholder, it is signed by him/her attorney, duly authorised in writing.
b) in the case of joint holders, it is signed by the shareholder first named in the register or his/her attorney, duly authorised in writing.
c) in the case of a body corporate signed by its officer or an attorney, duly authorised in writing.
2. An instrument of proxy shall be sufficiently signed by any shareholder, who is, for any reason, unable to write his/her name, if his/her mark is
affixed thereto and attested by a Judge, Magistrate, Registrar or Sub-Registrar of Assurance or other Government Gazetted Officer or an Officer of
Bank of India.
3. No proxy shall be valid unless it is duly stamped and deposited at the following address not less than FOUR DAYS before the date of the Annual
General Meeting, together with the power of attorney or other authority (if any) under which it is signed or a copy of that power of attorney or other
authority certified as a true copy by a Notary Public or a Magistrate, unless such a power of attorney or the other authority is previously deposited
and registered with the Bank.
a. Bank of India, Share Department, Head Office, 8th Floor : Star House, C-5, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051.
b. M/s. Sharepro Services(India) Pvt.Ltd. Unit: Bank of India, Satam Estate, 3rd Floor, Above Bank of Baroda, Cardinal Gracious Road,
Chakala, Andheri (East), Mumbai - 400 099.
4. An instrument of proxy deposited with the Bank shall be irrevocable and final.
5. In the case of an instrument of proxy granted in favour of two grantees in the alternative, not more than one form shall be executed.
6. The shareholder who has executed an instrument of proxy shall not be entitled to vote in person at the Annual General Meeting.
7. No person shall be appointed as duly authorised representative or a proxy who is an officer or an employee of the Bank.
114

BANK OF INDIA
eOeeve keeee&uee mej neGme, meer-5, `peer' yuee@ke, yeebe-keguee& mebkegue, yeebe (HetJe&), cegbyeF& - 400 051.
Head Office : Star House, C-5, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051.
Jeeef<e&ke Deece yewke nsleg GHeefmLeefle Heeea men eJesMe-He$e

efoveebke 10 pegueeF&, 2007, mecee oesHenj 2.30 yepes
yeQke Dee@]He Fbef[ee Dee@ef[esefjece, mej neGme, yeebe keguee& kee@cHueskeme, cegbyeF& - 400 051
ATTENDANCE SLIP-CUM -ENTRY PASS FOR
ANNUAL GENERAL MEETING
Date:- 10th July, 2007, Time 2.30 p.m.
Bank of India Auditorium Star House, Bandra Kurla Complex, Mumbai - 400 051
GHeefmLeefle He$e
(HeJese kes mecee pecee kejves nsleg)
ATTENDANCE SLIP
(To be surrendered at the time of entry)
Hevvee ke. / ieenke DeeF&[er
esejeW keer mebKee
Folio No./Client ID
No. of shares
.........................................................................................
GHeefmLele esejOeejke/Hejes#eer/HeefleefveefOe kes nmlee#ej
Signature of the Shareholder/ Proxy/Representative present
HeJese He$e
ENTRY PASS
Hevvee ke. / ieenke DeeF&[er
kece. mebKee
esejeW keer mebKee
Folio No./Client ID
Sr. No.
No. of Shares
yewke ne@ue ceW HeJese kes efueS esejOeejkeeW/Hejesef#eeeW/HeefleefveefOeeeW mes DevegjesOe nw efke Jes Fme GHeefmLeefle He$eke men HeJese-He$e kees efJeefOeJele nmlee#ej kejkes Hemlegle kejW~ HeJese-He$e Jeeuee Yeeie
esejOeejkeeW/Hejesef#eeeW/HeefleefveefOeeeW kees ueewe efoee peeesiee efpemes GvnW yewke meceeHle nesves leke DeHeves Heeme jKevee eeefnS~ efHej Yeer eefo DeeJeeke mecePee ieee lees HeJese kes yeejs ceW efHej
mes meleeHeve/peebe keer pee mekeleer nw~ efkemeer Yeer neuele ceW yewke ne@ue ceW HeJese kes efueS GHeefmLeefle He$e keer keesF& otmejer Heefle peejer veneR keer peeesieer~
Shareholders / proxy holders / representatives are requested to produce this Attendance slip-cum-Entry pass duly signed, for admission to the meeting
hall. The Entry pass portion will be handed back to the shareholders/proxy holders/representatives, who should retain it till the conclusion of the
meeting. The admission may, however, be subject to further verification/checks, as may be deemed necessary. Under no circumstances, will any
duplicate Attendance slip-cum-Entry pass be issued at the entrance to the meeting hall.
HeMeuesKe yewke kes oewjeve keesF& GHenej/GHenej ketHeve veneR yeebs peeeWies~
PS: No gifts/gift coupons will be distributed at the meeting.
115
This page is intentionally left blank
116
veeceebkeve Hee@ce&
NOMINATION FORM
Skeue DeLeJee mebegkele (kesJeue 2 JeefkeleeeW leke) Jeweefkeleke DeeJesovekelee&DeeW eje Yeje peeS
[To be filled in by individual applying singly or jointly ( only up to 2 persons)]
kesJeue Yeewefleke Mesej OeejkeeW kes efueS

Only For Physical Shareholders
ceQ/nce I/We, ________________________________________________________ Deewj and __________________________ , yeQke Dee@He
Fbef[ee kes FefkeJeer MesejeW kes Oeejke, Heesefueees mebKee the holders of equity Shares, folio No. _________________ veeceebkeve kejvee eenlee ntB/eenles nQ Deewj
Sleoeje efvecveefueefKele Jeefkele kees cesjs/nceejs ce=leg nes peeves Hej FefkeJeer MesejeW kes mebyebOe ceW DeblejCe Deewj/DeLeJee ose jeefMe kes DeefOekeej osves kes efueS veeefcele kejlee ntB/kejles nQ~ of
Bank of India wish to make a nomination and do hereby nominate the following person in whom all rights of transfer and /or amount
payable in respect of equity shares shall vest in the event of my/our death.
veeefceefle kee veece SJeb Helee NAME

veece
AND ADDRESS OF NOMINEE
Name : ___________________________________________________________________________________________________
Helee Address : __________________________________________________________________________________________________

Helee Address : __________________________________________________________________________________________________
pevce leejerKe Date of Birth* __________________
(* eefo
veeefceefle DeJeemke nw lees oer peeS to be furnished in case the nominee is a minor)
** veeefceefle
DeJeemke nw efpemekes DeefYeYeeJeke nw The Nominee is a minor whose guardian is:
veece SJeb Helee Name and
Address : ___________________________________________________________________________________
veece SJeb Helee Name and
Address : __________________________________________________________________________________
efoveebke Date: ______________

(** eefo
ueeiet veneR nw lees kee oW To be deleted if not applicable)
MesejOeejke kee nmlee#ej Signature of shareholder : (1)
(2)
veece
Name : ______________________________________________
___________________________________________
Helee
Address _____________________________________________
___________________________________________
Helee
Address _____________________________________________
___________________________________________
efoveebke
Date:____________________
oes ieJeeneW kes nmlee#ej

Signature of two witnesses
veece SJeb Helee

Name and Address : ____________________________________
1.
2.
117
nmlee#ej efoveebke meefnle Signature with date
DevegosMe
1. Mesej DeeJesove/OeejCe kejves Jeeues Gvekes mJeeb keer Deesj mes DeLeJee oes JeefkeleeeW leke
mebegkele He mes Jeweefkeleke He mes veeceebkeve kej mekeWies~ iewj Jeweefkeleke efpemeceW
meesmeeFer, veeme, keejHeesjs efvekeee, meePesoejer Hece&, DeLeJee efnbot DeefJeYekele HeefjJeej
kee kelee& cegKleejveecee Oeejke veeceebkeve veneR kej mekeWies~ eefo Mesej mebegkele Hemes
OeejCe efkees nQ lees meYeer mebegkele Oeejke (oes JeefkeleeeW mes DeefOeke veneR) veeceebkeve
Heece& Hej nmlee#ej kejWies~
2. Mesej Oeejke (keeW) eje DeJeemke kees veeefcele efkeee pee mekelee nw Gme emebie ceW
Oeejke (keeW) eje DeefYeYeeJeke kee veece SJeb Helee efoee peeSiee~
3. veeefceefle keesF& veeme, meesmeeFer, keejHeesjs efvekeee, meePesoejer Hece&, efnvot DeefJeYekele
HeefjJeej kee kelee& DeLeJee cegKleejveecee Oeejke veneR nesiee~
4. MesejeW kes DeblejCe Hej veeceebkeve efvejmle nesiee~
5. veeefcele kes He#e ceW yeQke eje MesejeW kee DeblejCe Gmekes keevetveer Jeeefjme kes meeceves JewOe
Gvceeseve nesiee~
6. veeceebkeve Hee@ce& oes eefleeeW ceW efvecveefueefKele HelesHej Yespe efoee peeS~ yeQke eje veeceebkeve
kee Hebpeereve kejves kes yeeo otmejer eefle DeeHekes efjkee[& kes efueS JeeHeme kej oer
peeSieer~
INSTRUCTIONS
1. The Nomination can be made by individuals only applying/
holding shares on their own behalf or jointly upto two persons.
Non-individuals, including society, trust, body corporate,
partnership firm, Karta or Hindu Undivided Family, holder
of power of attorney not can nominate. If the shares are held
jointly, all joint holders(not more than 2 persons) will sign
the nomination form.
2. A minor can be nominated by holder (s) of shares and in that
event, the name and address of the Guardian shall be given by
the holder (s).
3. The nominee shall not be a trust, society, body corporate,
partnership firm, Karta of Hindu Undivided Family or a power
of attorney holder.
4. Nomination stands rescinded upon transfer of share.
5. Transfer of shares in favour of a nominee shall be valid
discharge by the Bank against the legal heir.
6. The nomination forms shall be submitted in duplicate at the
following address. The duplicate copy of the same will be
returned to you for your records after nomination is registered
by the Bank.
ces. Mesej ees meefJe&mesme (Fb) ee. efue.

etefve yeQke Dee@He Fbef[ee,
meece Fms, leermejer cebefpeue,
yeQke Dee@He yejes[e kes THej,
keeef[&veue esefmeeme jes[,
ekeeuee, DebOesjer (HetJe&),
cegbyeF& - 400 099.
M/s. Sharepro Services (India) Pvt Ltd,

Unit: Bank of India,
Satam Estate, 3rd floor,
Above Bank of Baroda,
Cardinal Gracious Road,
Chakala, Andheri (East),
Mumbai 400 099.
kesJeue keeee&uee eeesie nsleg
FOR OFFICE USE ONLY
Hebpeereve mebKee _______________efoveebke__________kes DeOeerve veeceebkeve

Hebpeerke=le efkeee~
Nomination is Registered vide Regn. No. ____________________

Date _____________________
nmlee#ej cegnj meefnle
Signature with seal
118
efHHeefCeeeb / NOTES
119
efHHeefCeeeb / NOTES
120

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yeQke Dee@]He Fbef[ee BANK OF INDIA

| Jeeef<e&ke efjHees& | Annual Report | 2006-2007

DeOe#e SJeb eyebOe efveosMeke kee JekeleJe

CHAIRMAN & MANAGING DIRECTORS STATEMENT

meg{ Yeejleere DeLe&JeJemLee eje GlHeVe DeJemejeW kee

yeQke Dee@]He Fbef[ee BANK OF INDIA

| Jeeef<e&ke efjHees& | Annual Report | 2006-2007

many steps to make itself competitive and alive to the ever-changing

yeQke Dee@]He Fbef[ee BANK OF INDIA

| Jeeef<e&ke efjHees& | Annual Report | 2006-2007

Alternative delivery channels are slowly graining importance as they

To exploit the full potential of technology, centralization of various back

Our international operations continue to be the jewel in our crown. This

In order to become a financial powerhouse, to exploit fully our brand

yeQke Dee@]He Fbef[ee BANK OF INDIA

| Jeeef<e&ke efjHees& | Annual Report | 2006-2007

With Relationships beyond Banking being the leitmotif of our philosophy,

Any organization especially a service organization like ours survives and

A strong believer in Corporate Social Responsibility, the Bank initiated a

Strong performance and well-executed projects always bring accolades

The Best Bank in the implementation of Information System Security

As in the past we rededicate ourselves in the quest of increasing

With Warm regards,

yeQke Dee@]He Fbef[ee BANK OF INDIA

| Jeeef<e&ke efjHees& | Annual Report | 2006-2007

yeQke Dee@]He Fbef[ee

NOTICE is hereby given that the Eleventh Annual General Meeting of

(kes. Deej. keecele)

yeQke Dee@]He Fbef[ee BANK OF INDIA

| Jeeef<e&ke efjHees& | Annual Report | 2006-2007

Hejes#eer keer efveegeqkele

A shareholder entitled to attend and vote at the Annual General

eeefOeke=le eefleefveefOe keer efveegefkele

Heles ceW HeefjJele&ve

APPOINTMENT OF AUTHORISED REPRESENTATIVE

ueeYeebMe kee Yegieleeve

yeQke Dee@]He Fbef[ee BANK OF INDIA

| Jeeef<e&ke efjHees& | Annual Report | 2006-2007

as Beneficial Owners as at the end of business hours on 3rd

as Shareholders in the Register of Members of the Bank after

The final dividend warrants to such shareholders would be mailed

DeoeJeeke=le ueeYeebMe eefo keesF& nes

UNCLAIMED DIVIDEND IF ANY

yeQke Dee@]He Fbef[ee BANK OF INDIA

| Jeeef<e&ke efjHees& | Annual Report | 2006-2007

keee&efve<Heeove keer cegKe yeeleW

Capital Adequacy increased to 11.58% from the previous year level

Book value Rs.112.75 (Increase of over 20%).

Gross NPA declined by Rs.379 crore (15.27%). Gross NPA ratio

Cash Recovery under NPA of Rs.752 crore.

Total deposits of the Bank increased to Rs. 119882 crore by Rs.25950

Total gross credit of the Bank touched Rs.86,791 crore (growth

Retail Credit grew by 35% constituting 29% of incremental non-food

Priority sector lending constituted 45.53% of Net Adjusted Bank

Export Credit registered a rise of Rs.871 crore i.e. 20% growth.

NEW PRODUCTS & SERVICES

Bank of India Pensioners Card and door delivery of pension

Also, BOI Samanya Credit Card, a general purpose Credit Card

Speed Remittance facility introduced for NRI customers in Gulf

About 12500 ATMs made available to customers through shared ATMs

Abhay Credit Counselling Services introduced at Mumbai, Wardha

Operating profit Rs.2395 crore.

yeQke Dee@]He Fbef[ee BANK OF INDIA