THE KANGRA CO-OPERATIVE BANK LTD.

AGENDA NOTICE FOR

ANNUAL GENERAL BODY MEETING
AND

49th Annual Report

2016-2017

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Sh. Laxmi Dass Chairman 389-A, Pocket II, Phase I, Mayur Vihar 9968279250
Delhi 110091 22755122 (Resi.)

Sh. Shakti Chand Sharma Vice Chairman Chamber No. 384, Patiala House 9811263069
(Advocate) Courts, New Delhi - 110 001 23385758 (Off.)
Res : Tower No. 9, Flat No. 0001
Supreme Tower, Sector 99, Noida

Sh. B. R. Sharma Chief Advisor B-17, Himkunj, Plot No. 8, Sector 14 9312223237, 9958677233
Rohini, Delhi 110 085 25534504 (O)
27565446 (R)

Sh. Attar Chand Parmar Advisor B-702, Mahalaxmi Apartments, Plot No. 4, 25076163
Sector 2, Dwarka, New Delhi - 110075 9810742649

Sh. Ashwani Kumar Director 230/27C, Gali No. 9, Railway Colony 9871128523
Mandawali, Delhi - 110 092 22477878

Sh. Avinash Sharma Director C-56, Shivalik, Malviya Nagar 9810075715

New Delhi - 110 017 41831095

Sh. Bishan Chand Sharma Director T-510, D-21A, Gali No. 2, Vijay Marg 9868261760
Baljeet Nagar, New Delhi-110 008 25873760

Sh. Jitender Sharma Director 1/10749, Subhash Park, Naveen Shahdara 9971338889
Delhi 110 032

Sh. K D Sharma Director B-50, T-2, B-Block 22594077

Dilshad Garden, Delhi-110 095 9810574146

Sh. Pawan Guleria Director 1614, DDA Flats, G.T. B. Enclave 9968315588
Delhi - 110 093 9873888900

Sh. Rajinder Kumar Sharma Director D-858, Type III, Sec-D, Mandir Marg, 23368347
Gole Market, New Delhi 110 001

Smt. Snehlata Sharma Director A-2/147, IInd Floor, Pankha Road 25551668
Janakpuri, New Delhi - 110 058 9810509821

Smt. Sudesh Thakur Director D-1/150, Mansaram Park, Dwarka Mode 9873929407
Uttam Nagar, New Delhi - 110 059

Sh. Sukh Dev Sharma Director 23/768, DDA Colony, Kalkaji 26029169
New Delhi 110 019 9810042103

Sh. Suresh Chand Sharma Director C-32, Himkunj, Plot No. 8, Sector 14 8800594230
Rohini, Delhi 110 085

Sh. Suresh Parashar Director Pocket H-18/119, 120 Sector 7 27041487

Rohini, Delhi - 110 085 9868261344

Sh. Ram Paul Sharma Director 165-B, 2nd Floor, Jeevan Nagar 9868203269
(Co-opted) Ashram, New Delhi - 110 014 26344010

Sh. Satpal Parashar Director 38, Shivalik Apartments 9810474763

(Co-opted) Pitampura, Delhi-110 034

Sh. R.K. Parashar Director 95, Guru Angad Nagar Extn. 9891020460
(Co-opted) Laxmi Nagar, Delhi-110 092

Sh. Naresh Sharma Director 2204, Park Royal Residency, Plot No. 1B, 9810089695
(Co-opted) Sector-22, Dwarka, New Delhi-110077

Sh. O.P. Sangar Director A-15C, DDA Janta Flats 9013568435

(Co-opted) Tilak Nagar, New Delhi-110027

Sh. Sanjeev Dheer Chief Executive Officer T-52, GF, Rajouri Garden 9810284129
New Delhi-110 027

Service to community with smile through co-operatives

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'ks;j jkf'k (Share Money) 30.00 cr 31.08 cr

tek jkf'k;ka (Deposits) 850.00 cr 924.22 cr

dk;Z'khy iwath (Working Capital) 1000.00 cr 1046.57 cr

uSV oFkZ (Net worth) 55.00 cr 62.06 cr

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-- 3 --
 Amount in Crores

31-03-2016 31-03-2017 c<+ksÙkjh

'ks;j jkf'k (Share Money) 27.65 31.08 12.41%

tek jkf'k;ka (Deposits) 736.76 924.22 25.44%

_.k (Advances) 459.93 493.40 7.28%

dk;Z'khy iwath (Working Capital) 844.01 1046.57 24%

dqy fjtoZt (Total Reserves) 57.17 62.61 9.52%

'kq`) ykHk (Net Profit) 13.48 14.16 5.04%
lnL; la[;k (Membership) 40782 41459 677

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 K.G. SHARMA & CO.
Chartered Accountants
201, Anupam Bhawan, Commercial Complex,
Azadpur, Delhi-110033
Ph. : 27675428, 27682673 Mail : kgsharmafca@gmail.com

INDEPENDENT AUDITORS’ REPORT

To,
THE MEMBERS
THE KANGRA CO-OPERATIVE BANK LTD.
JANAKPURI, NEW DELHI

Report on Financial Statements

1. We have audited the accompanying financial statement of THE KANGRA CO-OPERATIVE BANK LTD (“ the bank”), which
comprise the balance sheet as at 31st March, 2017, the statement of profit & loss and the cash flow statement for the year ended and
a summary of significant accounting policies and other explanatory information. Incorporated in these financial statements are the
return of nine (9) branches, one (1) service branch and head office audited by us.
Management's Responsibility for the Financial Statements:
2. Management is responsible for the preparation of these financial statements that give a true and fair view of the financial position,
financial performance and cash flows of the bank in accordance with The Banking Regulation Act, 1949, The Delhi Co-Operative
Society Act, 2003 and the accounting principles generally accepted in India including accounting standards specified by the Central
Government. This responsibility includes the maintenance of adequate accounting records for safeguarding the assets of the bank
and for preventing and detecting the frauds and other irregularities; selection and application of appropriate accounting policies;
making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate
internal financial control, that were operating effectively for ensuring the accuracy and completeness of the accounting records,
relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material
misstatement, whether due to fraud or error.
Auditors' Responsibility
3. Our responsibility is to express an opinion on these financial statements based on our audit. We have taken into accounts provisions
of the relevant act, the accounting and auditing standards and matters which are required to be included in the audit report under the
provisions of the relevant act and the rules made thereunder.
We conducted our audit in accordance with the standards on auditing issued by the Institute of Chartered Accountants of India.
Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free from material misstatement.
4. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements.
The procedures selected depend on the auditor's judgement, including the assessment of the risks of material misstatement of the
financial statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control
relevant to the entity's preparation and fair presentation of the financial statements, that give true & fair view in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on whether the entity has in
place an adequate internal controls system over financial reporting and the operating effectiveness of such controls. An audit also
includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by
management, as well as evaluating the overall presentation of the financial statements.
5. We believe that the audit evidence, we have obtained, is sufficient and appropriate to provide a basis for our audit opinion on the
financial statements.
Opinion
6. In our opinion and to the best of our information and according to the explanation given to us, the financial statement give the
information required by the Banking Regulation Act, 1949 in the manner so required for banking companies and give a true and fair
view in conformity with the accounting principles generally accepted in India:
(a) in the case of the balance sheet, of the state of affairs of the bank as at March 31, 2017;
(b) in the case of profit and loss account, of the Profit for the year ended on that date; and
(c) in the case of cash flow statement, of the cash flow of the bank for the year ended 31.03.2017.
Report on Other Legal and Regulatory Requirements
7. The balance sheet and the profit and loss account have been drawn up in accordance with the provisions of the Section 29 of the
Banking Regulation Act, 1949 read with The Companies Act.
8. Subject to the limitations of the audit as indicated in Paragraphs 3 to 5 above, our comments in Part A and Part B, we report that:
a. We have sought and obtained all the information and explainations which to the best of our knowledge and belief were
necessary for the purpose of the audit.
b. The transactions of the bank which have come to our notice have been within the powers of the Bank.
c. In our opinion, proper books of account as required by law have been kept by the bank so far as appears from our examination
of those books.
d. The balance sheet, the profit and loss account and the cash flow statement dealt with by this report are in agreement with the
books of account and returns.
e. The reports on the accounts of the branches audited by us have been dealt with in preparing our report in the manner
considered necessary by us.
f. In our opinion, the aforesaid financial statements comply with accounting standards specified by the Central Government.

For K. G. Sharma & CO.

Place of Signature : New Delhi Chartered Accountants
Date of Report : 18.06.2017 (F.R.N.005240N)
S. K. JAIN (Partner)
-- 5 -- M. No. 89416
 THE KANGRA COOPERATIVE BANK LTD.
C-29, Community Centre, Pankha Road, Janakpuri, New Delhi-110 058
BALANCE SHEET AS AT 31.03.2017
Amount(Rs.) Amount(Rs.)
CAPITAL & LIABILITIES Current Year Previous Year
31.03.2017 31.03.2016

1. A. SHARE MONEY (INDIVIDUAL) 31,07,60,500.00 27,65,42,200.00

B. MEMBERS ADMISSION FUND 47,95,500.00 37,86,732.00

2 A RESERVES AND OTHER FUNDS

I) Statutory Reserve 20,84,64,876.16 18,45,36,083.41
II) Spl. Bad & Doubtful Debt 3,78,40,782.34 3,60,45,313.71
III) Prov. for Doubtful Debt 16,65,23,941.00 16,65,23,941.00
IV) Contingent Prov. Against 1,85,34,334.19 1,73,44,723.09
Standard assets

B OTHER FUNDS & RESERVES

I) Investment Fluctuation Reserve 3,41,56,395.14 2,52,44,180.00
II) Welfare Fund 20,89,385.00 28,75,579.77
III) Building Fund 6,96,12,000.00 6,26,65,002.00
IV) Spl. Reserve (Income tax) 1,16,78,265.00 69,16,555.00
V) Gratuity Fund & Prov. for
Leave Encashment 7,36,94,334.00 6,19,46,164.00
VI) Investment Dep. Reserve 35,08,000.00 62,61,02,312.83 83,52,172.88

3 DEPOSITS & OTHER ACCOUNTS

A) FIXED DEPOSITS
I) Individual 5,21,86,94,525.90 4,54,46,21,485.60
II) Coop. Societies & Others 15,21,63,983.00 10,25,20,814.00

B) SAVING DEPOSITS
I) Individual 2,62,90,33,602.12 1,73,38,25,229.33
II) Coop. Societies & Others 1,54,73,569.42 1,10,38,757.49
III) Saving Deposit (Inoperative) 76,47,456.17 1,35,84,855.33

C) RECURRING DEPOSITS 15,93,15,503.60 12,29,67,015.46

D) SPECIAL DEPOSIT MEMBER 42,06,77,981.15 38,10,65,143.58

E) CURRENT DEPOSITS 48,55,60,478.98 33,06,35,701.83

F) OPTIONAL DEPOSITS 15,36,01,553.24 9,24,21,68,653.58 12,73,22,314.41

4 BORROWINGS _ _

5 BILLS FOR COLLECTION

BEING BILLS RECEIVABLE (AS PER CONTRA) 3,24,92,433.08 2,11,80,380.69

6 INTER BRANCH ADJUSTMENTS _ _

– 6 --
 THE KANGRA COOPERATIVE BANK LTD.
C-29, Community Centre, Pankha Road, Janakpuri, New Delhi-110 058
BALANCE SHEET AS AT 31.03.2017
Amount(Rs.) Amount(Rs.)
CAPITAL & LIABILITIES Current Year Previous Year
31.03.2017 31.03.2016
7 OVERDUE INTEREST RESERVE 14,04,81,141.55 11,64,89,370.55
(As Per Contra)
8. OTHER LIABILITIES
I) Banker Cheques Payable 9,30,56,851.61 2,44,93,919.37
II) Security Deposits 22,96,557.25 17,77,942.25
III) Interest Accrued but not due 95,38,372.55 74,48,244.55
IV) MWS 33,38,698.00 35,79,198.00
V) Elect. & Water Ch. Payable 2,14,800.00 2,41,865.00
VI) Telephone Charges Payable 61,100.00 99,700.00
VII) Conveyance Payable 2,12,000.00 5,43,050.00
VIII) Audit Fees Payable 1,71,000.00 1,80,360.00
IX) Sundry Deposit 86,892.00 75,892.00
X) Other Liabilities 15,34,622.82 57,83,530.57
XI) TDS Payable 1,11,79,398.35 69,08,463.19
XII) TDS DVAT Payable 1,812.00 85,464.00
XIII) Bonus Payable 34,46,823.00 33,72,848.00
XIV) Cooperative Education Fund P'ble 50,000.00 50,000.00
XV) Provision for Taxation 4,20,00,000.00 4,95,00,000.00
XVI) Service Tax Payable 2,58,835.00 23,495.00
XVII) CPF Payable 12,47,182.00 9,93,446.00
XVIII) Dividend Payable ------------------ 16,86,94,944.58 66,704.00

9 P&L APPROPRIATION ACCOUNT

i) Opening Balance 1,50,00,000.00 1,50,00,000.00
ii) Profit for FY 2015-16 - 5,92,31,703.25
iii) During the Year(16-17) 5,81,12,453.11 7,31,12,453.11

TOTAL 10,59,86,07,938.73 8,53,74,85,540.31

CONTINGENT LIABILITIES
I) Outstanding Liabilities for Guarantees Issued 3,23,49,840.00 2,41,48,297.00
II) Accounting Policies & Notes on Accounts

Sd/- Sd/- Sd/-

Place of Signature : New Delhi Laxmi Dass B. R. Sharma Sanjeev Dheer
Date of Report : 18/06/2017 Chairman Chief Advisor CEO

– 7 --
 THE KANGRA COOPERATIVE BANK LTD.
C-29, Community Centre, Pankha Road, Janakpuri, New Delhi-110 058
BALANCE SHEET AS AT 31.03.2017
Amount(Rs.) Amount(Rs.)
ASSETS & PROPERTIES Current Year Previous Year
31.03.2017 31.03.2016
1 CASH IN HAND 4,28,34,194.00 12,42,69,873.00

2 BALANCE WITH RBI C/A 1,32,42,49,714.54 34,85,83,289.81

3 BALANCE WITH OTHER BANKS

A) In Current Accounts 15,82,80,560.98 5,36,39,665.95
B) In Saving Accounts 3,69,056.46 3,54,725.46
C) In Fixed Deposits Accounts 1,19,16,00,000.00 1,35,02,49,617.44 1,04,85,68,532.00

4 MONEY AT CALL AND SHORT NOTICE 10,00,00,000.00

5 INVESTMENTS
A) Central & State Govt. Sec. 2,02,08,39,902.88 1,63,82,39,902.88
B) Other Trustee Securities 51,42,49,000.00 27,42,49,000.00
C) Share in Coop. Institution 4,950.00 4,950.00
D) Premium Prepaid on G.Sec. 34,49,508.15 2,53,85,43,361.03 32,98,949.45

6 LOANS & ADVANCES

I) Short Term Loans
A) Overdraft (Agst FDR, Prop. & Stock) 52,84,83,238.38 56,12,14,592.29
II) Medium Term Loans
A) Surety Loans 83,15,59,006.26 66,78,93,546.40
B) Loan Against Deposits 14,78,57,544.00 15,71,50,860.00
C) Secured Loans 3,42,60,67,624.61 4,93,39,67,413.25 3,21,30,78,364.28

7 INTEREST RECEIVABLE
A) Interest Receivable on Investments 9,84,72,230.00 6,67,65,395.00
B) Interest Receivable on 4,00,46,283.66 4,02,75,681.55
Standard Adv. (As Per Contra)
C) Interest Receivable on NPA 10,04,34,857.89 23,89,53,371.55 7,62,13,689.00
(As Per Contra)

8 BILLS RECEIVABLE BEING BILLS FOR 3,24,92,433.08 2,11,80,380.69

COLLECTION (AS PER CONTRA)
9. INTER BRANCH ADJUSTMENTS - -

– 8 --
 THE KANGRA COOPERATIVE BANK LTD.
C-29, Community Centre, Pankha Road, Janakpuri, New Delhi-110 058
BALANCE SHEET AS AT 31.03.2017
Amount(Rs.) Amount(Rs.)
ASSETS & PROPERTIESS Current Year Previous Year
31.03.2017 31.03.2016
10 FIXED ASSETS
I) PREMISES 1,35,89,707.00 1,50,99,674.00
II) FURNITURE & FIXTURES 86,75,465.79 87,47,952.94
III) ARMS & AMMUNITION 91,066.25 1,07,136.31
IV) OFFICE EQUIPMENTS 1,21,58,730.53 1,15,53,884.77
V) ELECTRICAL FITTINGS 12,91,321.93 14,77,568.06
VI) VEHICLE 20,24,705.00 19,60,629.00
VII) COMPUTER 60,35,676.00 47,98,332.27
VIII) CAPITAL WORK IN PROGRESS - 51,43,924.00
IX) STRUCTURE OF RENTED PREMISES 71,87,272.00 5,10,53,944.50 20,99,734.00
11) OTHER ASSETS
A) Staff Advance 40,69,830.00 6,13,857.00
B) Closing Stock (Stationery) 4,63,862.00 8,12,189.00
C) TDS Receivable 10,06,664.00 15,33,587.00
D) Income Tax Refund Rec’le 14,33,803.00 1,81,37,894.00
E) General Advance 1,93,750.00 4,12,837.50
F) Prepaid Expenses 4,66,874.64 12,71,127.00
G) Advance Tax & Self Ass. Tax 5,08,00,000.00 4,35,00,000.00
H) Security Deposits 8,32,000.00 3,67,000.00
I) Deferred Tax Asset 2,43,00,000.00 2,43,00,000.00
J) Other Assets 24,14,754.00 1,79,913.00
K) Service Tax Receivable 2,82,351.70 8,62,63,889.34 3,86,902.70

TOTAL 10,59,86,07,938.73 8,53,74,85,540.31

CONTINGENT LIABILITIES
I) Outstanding Liabilities for Guarantees Issued 3,23,49,840.00 2,41,48,297.00

Auditors Report
as per separate report of even date attached
for K. G. SHARMA & CO.
Chartered Accountants
Sd/- Sd/- (F.R.N.005240N)
Suresh Parashar Rajinder Kr. Sharma S. K. JAIN (Partner)
Director Director M. No.089416

– 9 --
 THE KANGRA COOPERATIVE BANK LTD.
C-29, Community Centre, Pankha Road, Janakpuri, New Delhi-110 058
PROFIT & LOSS ACCOUNT FOR THE YEAR 01-04-2016 TO 31-03-2017
Amount(Rs.) Amount(Rs.)
EXPENDITURE Current Year Previous Year
31.03.2017 31.03.2016
Interest on Deposits 60,69,67,331.24 50,28,20,028.21
Salary, Allowances, PF & other Benefits 11,24,03,940.00 8,84,83,031.00
Directors & Local Committee Members Fees & Allowances 52,16,673.00 52,68,847.50
Conveyance & Travelling 24,97,431.00 24,13,663.20
Rent, Taxes & Lighting 1,08,24,597.00 1,01,60,862.00
Insurance 1,24,95,285.23 89,83,279.62
Legal & Law Charges 30,51,960.86 19,65,091.00
Postage, Telegram & Tel. Charges 24,82,681.16 24,69,737.18
Auditors fees 1,20,000.00 1,20,000.00
Depreciation on fixed Asset 95,09,633.96 92,93,271.16
Repair & Maintenance 98,68,511.00 1,11,42,013.28
Printing & Stationery 23,16,676.00 17,02,021.75
Other Expenditure 2,15,84,452.70 1,67,09,343.09
Prov. For Standard Assets 11,89,611.10 17,62,532.20
Cooperative Education Fund 50,000.00 50,000.00
Misc. Provisions Other than Advancs(Fidelity Prov.) - 57,12,038.00
Prov. for Doubtful Debts - 2,00,00,000.00
Prov. for Taxation
(i) Current Tax 4,20,00,000.00 4,95,00,000.00
(ii) Deferred Tax - (2,00,000.00)
(iii) Excess /short provided in earlier years 38,82,048.00 5,408.10
Profit After Tax 9,57,15,171.00 8,54,55,583.00
TOTAL 94,21,76,003.25 82,38,16,750.29
Transferred to Statutory Reserve 2,39,28,792.75 2,13,63,895.75
Provision on Investments (IFR) 89,12,215.14 -
Spl Reserve U/S 36(1)(viii) of I.Tax Act 47,61,710.00 48,59,984.00
Balance Transferred to Balance Sheet 5,81,12,453.11 5,92,31,703.25
TOTAL 9,57,15,171.00 8,54,55,583.00

Sd/- Sd/- Sd/-

Place of Signature : New Delhi Laxmi Dass B. R. Sharma Sanjeev Dheer
Date of Report : 18/06/2017 Chairman Chief Advisor CEO

– 10 --
 THE KANGRA COOPERATIVE BANK LTD.
C-29, Community Centre, Pankha Road, Janakpuri, New Delhi-110 058
PROFIT & LOSS ACCOUNT FOR THE YEAR 01-04-2016 TO 31-03-2017
Amount(Rs.) Amount(Rs.)
INCOME Current Year Previous Year
31.03.2017 31.03.2016

Interest & Discount 87,34,40,170.18 78,72,29,416.74

Commission, Brokerage and Exchange 1,46,49,265.90 1,37,32,104.71

Other Receipts 5,40,86,567.17 2,28,55,228.84

TOTAL 94,21,76,003.25 82,38,16,750.29

Profit After Tax Brought Down 9,57,15,171.00 8,54,55,583.00

TOTAL 9,57,15,171.00 8,54,55,583.00

Auditors Report
as per separate report of even date attached
For K. G. SHARMA &CO.
Chartered Accountants
Sd/- Sd/- (F.R. No.005240N)
Suresh Parashar Rajinder Kr. Sharma S. K. JAIN (Partner)
Director Director M. No. 089416

– 11 --
 ADDITIONAL INFORMATION
Disclouser pursuant to Reserve Bank of India circular No. UBD.CO.BPD.(PCB) CIR No. 52/12.05.001/2013-14
dated 25th March 2014.
1. Capital to Risk Asset Ratio : 12.51% as on 31.03.2017
2. Movement of CRAR
CRAR AS ON 31.03.2017 CRAR AS ON 31.03.2016 INCREASE / (DECREASE)
12.51% 12.76% (0.25%)
3. Investments
A Book Value of Investments Rs. 3,72,66,88,902.88
B Face Value of Investments Rs. 3,73,43,63,000.00

4. Advances against real estate Rs. 4,593.06 Lacs

5. Advances against shares & debentures. Rs. NIL
6. Advances to directors, their relatives, companies/firm in which they are interested.
a) Fund based Rs. 16.25 lacs
b) Non-fund based (Guarantees, L/C etc.) Rs. NIL
7. Average cost of Deposits 6.93%
8. NPAs
a) Gross NPA Rs. 3,077.61 Lacs
b) Net NPA Rs. 1,033.97 Lacs
9. Movement in provisions / Depreciation in Investments
a) Movement in provision for NPAs (excluding provision on standard Assets)
PARTICULARS CURRENT YEAR PREVIOUS YEAR
31.03.2017 31.03.2016
(In Lakhs) (In Lakhs)
Opening Balance 1,665.23 1,465.23
Add : Provision made during the year Nil 200.00
Less : Written off Nil Nil
Closing Balance 1,665.23 1,665.23
b) Movement in Standard Assets provision
PARTICULARS CURRENT YEAR PREVIOUS YEAR
31.03.2017 31.03.2016
(In Lakhs) (In Lakhs)
Opening Balance 173.45 155.82
Add : Provision made during the year 11.90 17.63
Closing Balance 185.35 173.45
10. Foreign Currency Assets & Liabilities: NIL
11. The payment of Insurance premium to the Deposit Insurance and Credit Guarantee Corporation
(DICGC) Rs. 96,49,426.23/- (Previous Year Rs. 75,15,362.62/- )
As per our report of even date attached
For K.G.SHARMA & Co.
Chartered Accountants
(F.R.No. 005240N)
S. K. JAIN (Partner) Sd/- Sd/- Sd/- Sd/- Sd/-
M. No. 089416 Laxmi Dass B. R. Sharma Sanjeev Dheer Suresh Parashar Rajinder Kr. Sharma
Chairman Chief Advisor CEO Director Director
Place of Signature : New Delhi
Date of Report : 18/06/2017

– 12 --
 Brief note on the deficiencies pointed out and improvements suggested by
the Statutory Auditors in the Audit report for the financial year 2016-17

Statutory Auditors have submitted their report in two parts (A and B) along with Long Form Audit Report consisting
three parts (I, II and III). Deficiencies pointed out and suggestions given for implementation are given below :

1. PART A - No deficiency reported

PART B - No deficiency reported

2. LONG FORM AUDIT REPORT

Part I - No deficiency reported

Part II - Following observations were made :

2.1 No major defects observed except certain discrepancies / deficiencies as indicated below :

a) In some cases the stock statement are not analyzed by the branch officials. Stock Statements are
not used for calculating Drawing Power of the borrower.

b) It was observed that few OD accounts were being used as current accounts and other loans were
being serviced from these accounts, which should be avoided

c) We have observed that, in few of the cases, finances were available on the basis of demand and
value of property. Bank did not work out the working capital requirement on the basis of projected annual turnover.
In few of the cases, the repayment capacity was not assessed properly especially in the case of transport loan.

d) The bank did not ensure in some case that the borrowers enjoying credit facilities had paid the
statutory dues like property tax, water bill etc

e) We have also observed that, FDRs lien for bank guarantees are not marked liened in system.
However, a special instruction has been incorporated in the FDR accounts.

f) In Mayur Vihar branch of the bank some unauthorized transactions were reported in some
accounts which were investigated and responsibility on the concerned staff members was fixed and the amount
involved is being recovered.

Action by the Management Committee (Board of Directors)

Although most of the observations made by the Statutory Auditors are of general in nature and require continuous
efforts to show improvements yet the Board of Directors of the bank has taken its cognizance and advised Audit
and Inspection Committee to take necessary steps to improve the internal system of the bank.

To avoid any unauthorized entries, internal control has been strengthened and a professional banker with a vast
experience has been appointed to inspect the Branches and get the deficiencies removed.

The detailed audit report would be available to bank members for reading / review at Head office of the bank during
the working hours (10am to 5.30pm)

Sanjeev Dheer
Chief Executive Officer
(On behalf of the Board of Directors)

– 13 --
 PROFIT ALLOCATION PROPOSAL
FOR 2016-17

Profit for 2016-17 ` 5,81,12,453.11

Surplus profit of previous years ` 1,50,00,000.00
not allocated

Total Profit ` 7,31,12,453.11

Allocation
Dividend @ 18% p.a. ` 5,19,22,417.00
BDDR ` 60,00,000.00
Welfare Fund ` 11,90,036.11
Surplus Profit ` 1,40,00,000.00
` 7,31,12,453.11

– 14 --
 cSad dh izxfr ,d n`f"V esa
2012-13 2013-14 2014-15 2015-16 2016-17
Membership / lnL; la[;k 37599 38648 39634 40782 41459
No. of Customer's / xzkgd la[;k 115814 119395 125474 132570 136594
(In Crores)¼djksMksa esa½
2012-13 2013-14 2014-15 2015-16 2016-17

– 15 --
Share Money / 'ks;j /ku 23.05 20.12 23.74 27.65 31.08
Reserves/Other funds / fjtoZt 24.09 27.16 50.63 57.17 62.61
Deposits / tek jkf'k;ka 482.90 548.65 620.04 736.76 924.22
Loans/Advances / _.k 307.76 355.82 415.63 459.93 493.40
Working Capital / dk;Z'khy iwath 572.27 635.01 713.25 844.01 1046.57
Net Profit / 'kq`) ykHk 9.21 9.76 10.57 13.48 14.16
Net NPA / 'kq`) ,u-ih-,- 0.96% 0.96% 2.29% 1.40% 2.19%
CRAR / djkj 14.08% 12.58% 13.01% 12.76% 12.51%
 cSad dh 'kk[kk,a
1. igkM+ xat % 'dkaxM+k Hkou' 1916 pwuk e.Mh igkM+xat] ubZ fnYyh - 110055
eq[; 'kk[kk nwjHkk"k % 23585931, 23581103 QSDl % 23588358
lfoZl czkap 23582056

2. txriqjh % 73&,] Cykd&,] txriqjh] fnYyh - 110051

nwjHkk"k % 22431265, 22504903 QSDl % 22505979
3. tudiqjh % lh&29 dE;qfuVh lSUVj] ia[kk jksM] tudiqjh] ubZ fnYyh - 110058
nwjHkk"k % 25507006, 25507007 QSDl % 25507008
4. jksfg.kh % ,&50] ukgjiqj esu ekfdZV] viksftV ikdsV bZ&5] lSDVj 7] jksfg.kh] fnYyh - 110085
nwjHkk"k % 27044501, 27044503 Qksu@QSDl % 27044502
5. xksfoUn iqjh % 59/4, ds CykWd dkydkth] xksfoUniqjh] ubZ fnYyh - 110019
nwjHkk"k % 26238261, 26238262 QSDl % 26238263
6. e;wj fogkj % lh 4/17] vkpk;Z fudsru] e;wj fogkj] ubZ fnYyh - 110091
nwjHkk"k % 22759374, 22759378 QSDl % 22759380
7. lUruxj cqjkM+h % 1, [kq'kky dEiySDl] ch Cykd] lUruxj cqjkM+h] fnYyh - 110084
nwjHkk"k % 27619770, 27619771 QSDl % 27619772

8. iqy igykniqj % IykWV ua- ch&183, vij xzkmaM ¶yksj] ,e-ch-jksM] iqy igykniqj]ubZ fnYyh - 110044
nwjHkk"k % 26365235, 26365236 QSDl % 26365237
9. Hktuiqjk % IykWV ua- ,Q&397, xzkmaM ¶yksj] Cykd ,Q] [kljk ua- 103] [ktwjh [kkl] othjkckn
jksM] Hktuiqjk] fnYyh - 110094 nwjHkk"k % 22961350, 22961351 QSDl % 22961352
uksV 1 % lHkh ’kk[kkvksa dk dk;Z le; lqcg 10 cts ls lk;a 5.30 cts rd ftlesa ifCyd ds fy,
le; lqcg 10 cts ls lk;a 1 cts rd lk;a 1-30 cts ls lk;a 4-30 cts rd
_.k ij C;kt njsa tek jkf’k;ksa ij C;kt njsa
1. edku ds fy;s : 9% okf"kZd 46 fnu ls 180 fnu rd : 5%
2. f'k{kk ds fy;s : 10% okf"kZd 181 fnu ls ,d o"kZ rd : 6%
3. okgu ds fy;s :10% okf"kZd ,d o"kZ ls vf/kd rFkk rhu o"kZ rd : 6.50 %
4. ?kjsyw midj.kksa ds fy;s : 13% okf"kZd rhu o"kZ ls vf/kd rFkk nl o"kZ rd : 7%
5. vof/k _.k (Term Loan) : 12% okf"kZd
6. Lohd`r ODL / TODL cpr [kkrk (Saving Account) : 4.00%

50 yk[k :- rd : 12% okf"kZd

ofj"B ukxfjdksa ds fy;s de ls de 06 eghus
50 yk[k :- ls vf/kd jkf'k ij : 11% okf"kZd
dh vof/k ij 0.5% vf/kd C;kt
7. Lohd`r ODL / TODL, Bill Purchase :
15 yk[k :i;s (Single Deposit) rFkk mlls vf/kd
ls vf/kd jkf'k ij ukjey C;kt ls 3% vf/kd jkf'k dh F.D. djokus ij 0.5% vf/kd C;kt
8. tekurh _.k
3,00,000/- :- rd : 13% okf"kZd
3,00,000/- :- ls vf/kd rFkk
5,00,000/- :- rd : 14% okf"kZd

– 16 --