PNBAnnualReport2014 15 PDF

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Annual Report 2014-15
GPLMXQI JA#MB Contents Page No.
VLTG7M 6-7 Notice 6-7

0L<L3FEE'LV Explanatory Statement 8-21
GVOTLEGKJLT7; Directors’ Report 23-70
J[DBVMBDBIGPQLKGPFL; PBGPZTLL Management Discussion and Analysis 71-74
GVYGFSMLFLGUENºLKOLG3PGKJLT7; Corporate Social Responsibility Report 76-86
ELKLTDLKNºLKOLG3PGKJLT7; Business Responsibility Report 87-102
DTMZIIWL4KDTMZIIIETWBSY;SJ[E7IEKL Disclosure under Basel II & Basel III 103-205
GVYGFSLLMVEIGKJLT7; Report on Corporate Governance 208-230
ZT<LLJKI\LELTBELJ[FLLJL Auditors’ Certificate 231
GPºLIGPPKL Financial Statements
SRZVJL - Balance Sheet 234-235
ZL)LHLGV<LLSL - Profit & Loss Account 236-238
WVRMXGQLB - Schedules 239-247
J[FR<LZT<LLGPGMBDBIVIGSLB - Significant Accounting Policies 248-254
<LLSLTBMTM&DG6SG7*JGLLB - Notes on Accounts 255-285
VEOIJ[PLHGPPKLJL - Cash Flow Statement 286-288
ZT<LLJKI\LELTBELJ[GSPTOV - Auditors’ Report 289-291
MFTGESGPºLIGPPKL Consolidated Financial Statements
SRZVJL - Balance Sheet 294-295
ZL)LHLGV<LLSL - Profit & Loss Account 296-298
WVRMXGQLB - Schedules 299-311
J[FR<LZT<LLGPGMBDBIVIGSLB - Significant Accounting Policies 312-319
<LLSLTBMTM&DG6SG7*JGLLB - Notes on Accounts 320-333
VEOIJ[PLHGPPKLJL - Cash Flow Statement 334-337
ZT<LLJKI\LELTBELJ[GSPTOV - Auditors’ Report 338-340
LLTLLL WVRDBÉL
Declaration (Annexure1) 341-342
VLFLBEVJ2LF; WVRDBÉL
Nomination Form (Annexure2) 343-344
0G%SYSMXQVL WVRDBÉL
Personal Information (Annexure3) 345-350
J[L8%MIJ2LF; Proxy Form 351-354
Attendance Slip cum Entry Pass 355-356
NJG-'LSJQI;MHJ[PTLJLM
ZT<LLJKI\LE AUDITORS
ET VYR7YRG7L B.E&JVI K N Gutgutia & Co.
MIPIET B. MLTGM 7_M CVK & Associates
KFTLEJXK B.E&JVI Ramesh Kapoor & Co.
/LUTO B.OLTLI Chhajed & Doshi
WLKOTPT6O[ERFLK B. MLTGM 7_M R Devendra Kumar & Associates
HTFMBOIJ B.E&JVI Hem Sandeep & Co.
LTKWBSKL UTB7 SHARE TRANSFER AGENT

DI7ZJ2LC;VTBGLZ B.E&*X7KMGP;MTU J[L
GZGF7T.> Beetal Financial & Computer Services (P) Limited
?DI7ZHLNM>SASISZ> ‘Beetal House’, 3rd Floor
>FOVYIK>ZLTEZLL8GJBYMTB7KETJI/T> 99, Madangir, Behind Local Shopping Centre
VC;GO:ZI New Delhi 110062
7TZIVB!!>J24%M Tel. No. 011-29961281/82/83, Fax: 011-29961284
C;FTZbeetal@beetalfinancial.com e-mail: beetal@beetalfinancial.com
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(A Government of India Undertaking)

Head Office: 7, Bhikhaiji Cama Place, New Delhi-110 607
Email –hosd@pnb.co.in
NOTICE
Notice is hereby given that the 14th Annual General Meeting of the Shareholders of PUNJAB NATIONAL BANK will be held on Tuesday,
the 30th of June, 2015 at 10.00 a.m. at Punjab National Bank Auditorium, Central Staff College, 8, Underhill Road, Civil Lines, Delhi-
110054, to transact the following business:
1. To discuss, approve and adopt the Audited Balance Sheet of the Bank as at 31st March 2015, Profit and Loss Account of the Bank
for the year ended 31st March 2015, the Report of the Board of Directors on the working and activities of the Bank for the period
covered by the Accounts and the Auditor’s Report on the Balance Sheet and Accounts.
2. To declare Dividend for the financial year 2014-15
3. Other business - Election of One Shareholder Director of the Bank
To elect ONE Director from amongst the shareholders of the Bank, other than the Central Government, in respect of whom valid
nominations are received in terms of Section 9 (3) (i) of the Banking Companies (Acquisition and Transfer of Undertakings) Act,
1970 (hereinafter referred to as “Act”), read with the Banking Regulation Act, 1949 (hereinafter referred to as “Regulation Act”).
The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970 (hereinafter referred to as “Scheme”) and the
Punjab National Bank (Shares and Meetings) Regulations, 2000 (hereinafter referred to as “Regulations”) and Notification Nos.
DBOD.No.BC.No.46& 47/29.39.001/2007-08 dated 01-11-2007 and DBOD.No.BC.No.95/29.39.001/2010-11 dated 23-05-2011
of Reserve Bank of India (hereinafter referred to as “the RBI Notification”) and the extant Government of India (GoI) Guidelines.
RESOLUTION (S):
To consider and if thought fit, pass with or without modification(s), the following Resolution(s):
“RESOLVED THAT the Audited Balance Sheet of the Bank as at 31st March 2015, Profit & Loss Account of the Bank for the year
ended 31st March 2015, the report of the Board of Directors on the working & activities of the Bank for the period covered by the
Accounts & the Auditors Report on the Balance Sheet & Accounts are hereby adopted, approved & passed.”
“RESOLVED FURTHER THAT Dividend @ Rs 3.30 per equity share of the Face value of ` 2/- each i.e. @165% as recommended by
the Board of the Bank is here by declared & passed.”
“RESOLVED FURTHER THAT one Director elected from amongst shareholders other than the Central Government, pursuant to
Section 9(3) (i) of the Act read with relevant Scheme, Regulations made there under and RBI Notification, be and is hereby appointed
as the Director of the Bank to assume office from the day after the declaration of results and shall hold office until the completion
of a period of three years from the date of such assumption”.
By the order of the Board of Directors

For Punjab National Bank
Place : New Delhi (Gauri Shankar)

Date: 12/05/2015 Executive Director
7
0¶LL<¶LL3&LEE'LV EXPLANATORY STATEMENT
LT¶LKÉLLKEGVOTLELTBELGVPL;QV Election of Shareholder Director
GVOTLELTBETQRVLPHT3LRLT¶LKÉLLKELTBETWGÉLELK RIGHTS OF SHAREHOLDERS TO ELECT DIRECTOR
GVOTLELTBELGVPL;QVEKVTETGZ LT¶LKÉLLKELTBELWGÉLELK)LLK3LMKELK Shareholders other than GOI hold 40.14% of the share capital of
ETWZLPLLT¶LKÉLLKE$L4BEET*LXBUIETÉLLKEH4B"WGÉLGV¶L&LEI the Bank. As per Section 9(3) (i) of the Act, Bank is entitled to have
ÉLLKL
i
ETWVRMLK>*LBUL$LV4LVZ$L4BE>$L4BEETLT¶LKÉLLKELTB ET6Ç a maximum of three Directors representing the shareholders of the
Bank (other than the Central Government). At persent there is one
MKELKETWZLPL
ELÈG3LGVGÉL3PEKVTPLZTWGÉLE3L&L3LIVGVOTLEK<LVT vacancy of Shareholder Director on the Board.
EL*LLLH4"P3L;&LLV&LTB$LLT.;&LTB ELT¶LKÉLLKEGVOTLEEL*LO<LLZIH4"
Accordingly, the vacancy shall be filled in the Annual General
3LOVRMLK>GKG%S¶LLTBELT$L4BEEIGOVLBEELTWL¶LLTGU3LLT¶LKÉLLKELTB Meeting (AGM) of the shareholders of the Bank on 30/06/2015.
EIPLLEWL&L$L4#E UI &L
&LTBGVOTLEEL*LO)LKLUL YL"
The shareholders (other than the Central Government) are entitled
W3L LT¶LKÉLLKE ET6Ç MKELK ET WZLPL
W*LVL VL&LLBEV )LTUVT ET to send their nominations, if eligible, as per the procedure detailed
*LLLH4BW'LPLM&$LWGÉLGV¶L&L>GPGV¶L&LVWGÉLGV¶L&L>¶LLTUVL>GPGV¶L&LV> in relevant Act, Regulation Act, Scheme, Regulations, Notification,
WGÉLMXQVLGUVETMB$LWBLCM&LTBGO¶LTY¶LTH4B>EIGP-3LA3LÈG¹¶LLWVRMLK the relevant portions of which are indicated hereunder. The elected
QRVLPZ. ME3LT H4B"QRVT Y¶LT GVOTLE*LGKLL&LLTB EI LLTLLLET DLOMT director will assume office from the day after the declaration of
*LO)LLKY[HLEKTBYTBWL4K*LO)LLKY[HLEKVTEIG3LG'LMT3LIVPL;EIWPGÉL results and will hold office for a period of three years from the date
3LEETGZ JOJK$LVTKHTBYTB" of assumption of office.
ELVXVIÈLPÉLLV LEGAL PROVISIONS

CM &LL&LZT MT MB$LBGÉL3L GPG)L£ WGÉLGV¶L&LLTB!¶LLTUVLWLTB!GPGV¶L&LLTB!WGÉLMXQVL &LTB The following table indicates the provisions contained in various
Acts/ Scheme / Regulations / Notification governing the matter.
GO ÈLPÉLLV GV&V 3LLGZEL &LTB OLL; Y H4B
ACTS/SCHEME/REGULATIONS/ PROVISIONS
WGÉLGV¶L&LLTB!¶LLTUVL!GPGV¶L&LV!WGÉLMXQVL ÈLPÉLLV NOTIFICATION
$L4BEELKIGPGV¶L&LVWGÉLGV¶L&L> ÉLLKL Banking Regulations Act, 1949 Section 20
Banking Companies (Acquisition Section 3 (2E), Section 9 (3) (i),
$L4BEELKIEB*LVI N*L¹&LLTBELWU;V PBWB3LKL
ÉLLKL C;
>ÉLLKL
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> and Transfer of Undertakings) Act, Section 9 (3A) (A) to (C), Section
WGÉLGV¶L&L> ÉLLKL

MT MI
> 1970 9(3AA), Section 9(3AB), Section
ÉLLKL
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> 9(3B) Section 13(2)
ÉLLKL $LI
>ÉLLKL
The Nationalized Banks (Manage- Clause 9 (4), Clause 10, Clause 11,
ment and Miscellaneous Provisions) Clause 11A, Clause 11B, Clause
KL7I¶L²3L$L4BE È$LBÉLV PBGPGPÉLÈLPÉLLV
<LB.
><LB.><LB.> Scheme, 1970 12(8)
¶LLTUVL> <LB. ><LB.$LI><LB.
Punjab National Bank (Shares and Regulation 10, 61A to 70
*LBUL$LV4LVZ$L4BE LT¶LK PB$L4#ETB
GPGV¶L&L> MT Meetings) Regulations 2000
Reserve Bank of India Noti- Pursuant to Section 9 (3AA) and
GPGV¶L&LV> fication No. DBOD.No.BC. Section 9 (3AB) of the Bank-
)LLK3LI¶LGKUP;$L4BEEIWGÉLMXQVLMB<¶LLGOVLBE $L4BEELKIEB*LVI N*L¹&LLTBEL No.46&47/29.39.001/2007-08 ing Companies (Acquisition and
.I$LIWLT.IMB$LIMIMBP! WU;V PBWB3LKL
WGÉLGV¶L&L> dated 01.11.2007 and DBOD. Transfer of Undertakings) Act,
No. BC.No.95/29.39.001/2010-11 1970 – Fit and Proper criteria for
! PBEIWGÉLMXQVL EIÉLLKL
WL4K dated 23.05.2011 elected Directors on the Boards of
MB<¶LL.I$LIWLT.I$LIMIMB!! ÉLLKL $LI
ETWVR¹&L&LTB the nationalized banks.
KL7I¶L²3L$L4BEET$LLT.;&LTBQ¶LGV3L SEBI guidelines – circular no. CIR/ Electronic voting
GVOTLELTBETGZ M\L&LWL4K CFD/POLICYCELL/2/2014 dated
17.04.2014
N*L¶LR%S&LLVOB. The Companies (Management & Rule 20 – voting through electronic
MT$LIGOLLGVOT;L*LGK*LLMB<¶LLMIWLC;WLK!MI *L2.I CZ4%7LGVEPLT7Y Administration) Rules 2014 means
!*LL8GZMIMTZ!!GOVLBE The Companies (Management Rule 20
& Administration) Rules 2014 as
EB*LVI È$LBÉLVWL4KÈLLMV
GV¶L&L> GV¶L&LCZ4%7LGVE&LLÉ¶L&LMT amended by The Companies (Man-
MBLLTÉLVGV¶L&L>^LKL PLT7Y agement & Administration) Amend-
ment Rules 2015
MBLLTGÉLSEB*LVI È$LBÉLVWL4KÈLLMV
GV¶L&L> GV¶L&L
Department of Financial Services, Guidelines for appointment of
GPºLI¶L MTPL B È)LLY> GPºL &LBLLZ¶L> )LLK3L MLP;UGVE\LTLEI$L4BELTB&LTB Ministry of Finance, Government of part time Non-Official Directors in
MKELK *LL MB *L2MB!!$LIWLTWLC; WBLELGZEY4KWLGÉLELGKE India letter no. F. No. 16/83/2013 – Public Sector Banks.
WL4K WBLELGZE Y4KWLGÉLELGKE GVOTLELTBEIGV¶LRG%SHT3LR BOI dated 03.09.2013 and guidelines
for selection of part time Non-Official
GVOTLEET Q¶LVHT3LR GOLLGVOT;LGOVLBE GOLLGVOT;L Director vide letter no. 16/17/2010-
ET *LL !!$LIWLTWLC; GOVLBE !! BO.I dated 13.10.2011 as on
WL4K CM&LTB WLYL&LI MBLLTÉLV GOVLBE 01.06.2011 and subsequent amend-
WL4K ELTC; W6¶L MBLLTÉLV VL&LLBEV )LKVT EI G3LG'L ET ment thereto dated 01/04/2015 and
any other amendment as on date of
WVRMLK filing of nominations.
8
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N*L¶LR;%SÈLPÉLLVLTBELMLKLBLVIQTGO¶LLY¶LLH4 THE GIST OF THE ABOVE MENTIONED PROVISIONS IS

DESCRIBED HEREIN BELOW:
$L4BEELKIGPGV¶L&LWGÉLGV¶L&L>
Banking Regulation Act, 1949
ÉLLKL&LTB CMET GEMIGVOTLEELT ¶LLNMEIWLTKMT L¶LLWGY[&L Section 20 places certain restrictions for granting any loan or
&LBUXKEKVTHT3LRER/TEMI&LLWLTBELN:ZT<LH4" advance to or on behalf of any of its directors.
$L4BEELKIE&*LVI N*L¹&LLTBELWU;V PBWB3LKL

WGÉLGV¶L&L> Banking Companies (Acquisition and Transfer of Undertakings)
q ÉLLKL C;
&LTBET6ÇMKELKMTG)L£GEMILT¶LKÉLLKELTBET&L3LOLV Act, 1970
WGÉLELKELT M)LILT¶LKÉLLKELTB ET ERZ&L3LOLVWGÉLELKLTB ET q Section 3 (2E) restricts the voting right of a shareholder
ÈG3LL3L3LEMIG&L3LGE¶LLY¶LLH4" other than the Central Government to Ten per cent of the
total voting rights of all the shareholders.
q ÉLLKL
i
&LTB TMT $L4BELTB &LTB LT¶LKÉLLKELTB ^LKLQRVT ULVT PLZT
GVOTLELTBEIMB<¶LLGVÉLL;GK3LEIYC;H4" q Section 9(3) (i) prescribes the maximum number of directors
to be elected by the shareholders.
q ÉLLKL

MT MI
&LTBER/¶LLT9¶L3LL B!L3LTGVÉLL;GK3LEIYC;
H4BGUV&LTBGPGVOrH4GEÉLLKL
i
ET3LH3LVLG&L3LGE ULVT q Section 9 (3A) (A) to (C) prescribes qualifications and
special knowledge in certain fields for the directors to be
PLZTGVOTLELTBELTER/TE\LTLLTBELGPLTL,LVHLTVLQLGH "
nominated under Section 9 (3) (i).
q ÉLLKL
WL4K $LI
&LTBPGL;SH4GEELTC;)LI0¶LG%S
3L$L3LEGVOTLEET *LO*LKQRVT ULVT HT3LR *LLLVHIB HLTYLU$L q Section 9 (3AA) and (3AB) prescribes that no person shall
be eligible to be elected as director unless he/she is a person
3LEGEPHNMETGPY3LGKEL.;>GV#LWL4K)LLK3LI¶LGKUP;$L4BE having “Fit and Proper” status based upon track record,
^LKL WGÉLMXQVL MB<¶LL .I$LIWLT.IVB $LIMIVB 3L'LL ! integrity and such other criteria as per Reserve Bank of India
! GOVLBE VP&$LK> 3L'LL .I$LIWLT.IVB Notification Nos.DBOD.No.BC.No.46 & 47/29.39.001/2007-
$LIMIV!!GOVLBE&LC;>ETUGK 08 dated 1st November, 2007 read with DBOD.No.BC.
WGÉLMXGQ3LGE Y &LLVOB.LTBETWLÉLLK*LK??M\L&LWL4KN*L¶LR%S No.95/29.39.001/2010-11 dated 23rd May, 2011.
-3LKELVHLT" q Section 9(3B) deals with the right of Reserve Bank of India
q ÉLLKL $LI
&LTB )LLK3LI¶LGKUP; $L4BEELT N%SWGÉLGV¶L&LEI to remove a director so elected under Section 9(3) (i) of
ÉLLKL
i
ET3LH3LCMÈELKQRVTY GVOTLEELTH7LVTEL the aforesaid Act, who does not fulfill the requirements of
Section 9 (3A) and Section 9(3AA) of the said Act.
WGÉLELKGO¶LLY¶LLH4ULTN%SWGÉLGV¶L&LEIÉLLKL
WL4K

EIW*LT\LLWLTBELT*LXKLVEK3LLHLT" q Section 13 (2) deals with the obligation as to declaration
of Fidelity and Secrecy in the form set out in the Third
q ÉLLKL
&LTB3LIMKIWVRMXQI&LTBGO Y GV#L3L'LLYLT*LVI¶L3LL
Schedule.
EI LLTLLLETWVR*LHLTVLQLGH "
Nationalized Banks (Management and Miscellaneous Provisions)
KLrI¶L²3L$L4BE È$L6ÉLV PBGPGPÉLÈLPÉLLV
¶LLTUVL> Scheme, 1970
q <LB.
&LTB EHL Y¶LLH4 GEELTC; )LIGVPL;GQ3LGVOTLE3LIVPL; q Clause 9(4) provides that an elected director shall hold
ETGZ *LO*LKKHTYLWL4K*LRVVPL;QVHT3LR*LLLHLTYL*LK63LR TMLELTC; office for three years and shall be eligible for re-election.
GVOTLEZYL3LLKPL;MTWGÉLEWPGÉLETGZ *LO*LKVHIBKHTYL" Provided that no such Director shall hold office for a period
q <LB.&LTBGVOTLELTBETGZ ER/TEW¶LLT9¶L3LL BGPGVOrH4" exceeding six years.
q <LB.GVOTLELTB^LKL*LOGK%SGE ULVTMTMB$LBGÉL3LH4" q Clause 10 specifies certain disqualifications for directors.
q <LB. TMI G-'LG3L MT MB$LBGÉL3L H4 UHLB WGÉLGV¶L&L EI ÉLLKL q Clause 11 deals with vacation of office by directors.

i
ET3LH3LGVPL;GQ3LGVOTLEELTH7L¶LLULME3LLH4WL4K q Clause 11 A deals with the situation where a director
NMET -'LLV*LKGK%S*LOELT )LKVT ET GZ GEMIW6¶L0¶LG%S elected under Sec. 9(3) (i) of the Act may be removed and
ELTQRVLULME3LLH4" another person in his stead be elected to fill the vacancy.
q <LB.$LIWLEG-&LEGKG%S¶LLTBELT)LKVTMTMB$LBGÉL3LH4" q Clause 11B deals with casual vacancy.
q <LB.
GVOTLELTB^LKLEG3L*L¶L0P-'LLWLTBGUV&LTBNVELGH3L q Clause 12(8) deals with disclosure of interest by directors,
in certain arrangements in which they are interested.
H4>ETMB$LBÉL&LTBGH3LLTBETÈE7IEKLMTMB$LBGÉL3LH4"
*LBUL$LV4LVZ$L4BE LT¶LK PB$L4#ETB
GPGV¶L&LV> Punjab National Bank (Shares & Meetings) Regulations, 2000
q GPGV¶L&LV &LTB LT¶LKLTB EI MB¶LR%SÉLLGK3LL ET &LL&LZT &LTB &L3LOLV q Regulation 10 determines the voting rights in the case of
joint holding of shares.
WGÉLELKGVG1L3LGE Y H4B"
q Regulations 61A to 70 prescribes certain conditions
q GPGV¶L&LV MT GVOTLEET *LO*LKQRVT ULVT HT3LR È3¶LLLIET for nominating a person as a candidate for election as a
*L &LTB GEMI 0¶LG%S ELT VLG&L3L EKVT HT3LR ER/E
T L3LT WL4K QRVLP Director, the procedure for conducting an election and
WL¶LLTGU3LEKVTEIÈG¹¶LL3L'LLW6¶LÈLMBGYE&LL&LZLTB MTMB$LBGÉL3LH4"B deals with other incidental matters.
9
MT$LIGOLLGVOT; L*LGK*LLMB<¶LLMIWLC;WLK!MI *L2.I!*LL8GZMIMTZ!! SEBI Guidelines – circular no. CIR/CFD/POLICY-CELL/2/2014
GOVLBEETWLOTLLVRMLKE&*LVI È$L6ÉLV PBÈLLMV
GV¶L&L dated 17.04.2014 mandates that e-voting should be facilitated
in General Meetings of shareholders in terms of The Companies
ETLS;LVRMLKLT¶LKÉLLKELTB EIWL&L$L4#ELTB &LTB C;PLT7YEIMRGPÉLL (Management and Administration) Rules 2014.
OIULVIQLGH "
The Companies (Management and Administration) Rules 2014 as
MBLLTÉLVGV¶L&L^LKLMBLLTGÉLS amended by The Companies (Management and Administration)
GV¶L&L Amendment Rules 2015.
GVFWLF$L4#EFTB CZ4%7LGVEPLT7YEIWPGÉLS'LLD4#EFTB )LLY Rule 20 enumerates the period of e-voting and the eligibility of
ZTVT PPLT7OTVT EILTKLKELTB EIJLLSLELGPZTLLEK3LLH4" shareholder to attend & vote in the General Meetings.
P4$LMLC7&LTBWGÉLGV¶L&L!¶LLTUVL!GPGV¶L&LV!WGÉLMXQVLETÈLPÉLLV PROVISIONS OF ACTS/SCHEME/REGULATION/NOTIFICATION

q LT¶LKÉLLKELTB EI MRGPÉLL ET GZ M&$L GPGV¶L&L WGÉLGV¶L&L> IN WEBSITE
WGÉLGV¶L&L>GPGV¶L&LV>¶LLTUVL3L'LL)LLGK$L4BEEIWGÉLMXQVL$L4BE q For the convenience of the shareholders, the relevant
Regulation Act, the Act, the Regulations, the Scheme
EIPT$LMLC7www.pnbindia.in GVPTLEMXQVL*LGKGLr
as well as RBI Notifications are hosted on the Bank’s
JKJ[OGL;SH4>GUMT.LNVZLT.GE¶LLULME3LLH4" website www.pnbindia.in – (Investor Info page), which are
N&&LIOPLKETGZ¶LT¶LLT9¶L3LL¶LTB downloadable.
q N&&LIOPLKELTWGÉLGV¶L&LEIÉLLKL
&LTB¶L'LLGVÉLL;GK3L¶LLT9¶L3LLWLTB QUALIFICATION FOR A CANDIDATE
ELT*LXKLEKVLHLTYL3L'LL¶LLTUVLEIÉLLKL&LTBGPGVOrWVH;3LL q The candidate shall comply with the qualifications
prescribed in Section 9 (3A) of the Act and shall not
PLZLVHLT3LLTGPGV¶L&LVETGPGV¶L&L&LTBNGkG<L3LL3LLTELT*LXKL suffer the disqualifications specified in Clause 10 of
EKTYLGUVELGPPKLVIQTGO¶LLY¶LLH4" the Scheme and shall satisfy the conditions mentioned
I.WGÉLGV¶L&LEIÉLLKL
ETWVRMKL&LTBN&&LIOPLKULT$L4BEEL in Regulation 65 of the Regulations, which are detailed
LT¶LKÉLLKEH4 PBWGÉLGV¶L&LEIÉLLKL
i
ETWÉLIV$L4BEEL herein.
GVOTLE$LVVT ELC1/REH4>ET *LLMGV&VGZG<L3L¶LLT9¶L3LL B HLTVI I. In terms of Section 9(3A) of the Act, a candidate being
a shareholder of the Bank and who desires to be elected
QLGH "
as a Director of the Bank under Section 9 (3)(i) of the Act
E
NMTGV&VGZG<L3L&LL&LZLTB&LTB E¶LLWGÉLEELGPLTL,LV¶LL shall:
0¶LLPHLGKEWVR)LPHLTVLQLGH (A) have special knowledge or practical experience in respect
of one or more of the following matters namely :-
i. ²GLWL4KY[L&LILW'L;0¶LP-'LL
ii.$L4BEY i. agriculture and rural economy,
ii. banking,
iii.MHELGK3LL
iii. co-operation,
iv.W'L;LL±
iv. economics,
v. GPºL
v. finance,
vi.GPGÉL
vi. law,
vii.Z LRN]LTY vii. small scale industry.
viii.GEMIW6¶L&LL&LZT &LTB GPLTL,LVWL4K0¶LLPHLGKEWVR)LPULT viii. any other matter the special knowledge of and
)LLK3LI¶LGKUP;$L4BEET&L3LLVRMLK$L4BEETGZ N*L¶LLTYIHLT" practical experience in, which would, in the opinion
of the Reserve Bank of India is useful to the Bank.
<L
PHU&LLE3LL;WLTBETGH3LLTBELÈG3LGVGÉL3PEK3LLHLTW'LPL
(B) represent the interest of depositors; or
Y
P HGEMLVLTB>EL&LYLKLTBWL4KGL:*LELKLTBETGH3LLTBELÈG3LGVGÉL3P
EK3LLHLT" (C) represent the interest of farmers, workers and artisans.
II-N%SWGÉLGV¶L&LEIÉLLKL
WL4K)LLK3LI¶LGKUP;$L4BEEI II. In terms of Section 9(3AA) of the Act and RBI Notifications
WGÉLMXQVLETWVRMLK$L4BEELLT¶LKÉLLKEHLTVTETVL3LTWL4K$L4BE a candidate being a shareholder of the Bank and who files
nomination to be a Director of the Bank should possess
ET GVOTLE*LOET GZ VL&LLBEV*LOEKVT PLZT È3¶LLLIELT
‘Fit & Proper status’.
?M\L&L PBN*L¶LR%SH4GM¶L3LPLZLHLTVLQLGH "
III. Further, the elected directors should execute the
III-CMETWG3LGK%S>GVPL;GQ3LGVOTLEELTÈMBGPOLGPZT<LGV*LLGO3L Deed of Covenants and are required to furnish annual
EKVLHLTYLWL4KCMMB$LBÉL&LTB)LLK3LI¶LGKUP;$L4BE^LKL¶L'LLGVÉLL;GK3L declarations, as prescribed by the Reserve Bank of India
PLLE LLTLLL BÈ-3LR3LEKVIHLTYI" in this regard.
10
okf"kZd fjiksVZ
$L4BEETGVOTLEET*L&LTBQ¶LVETGZ WVH;3LL DISQUALIFICATIONS FROM BEING ELECTED AS A DIRECTOR

OF THE BANK
W
KLrI¶L²3L$L4BE È$L6ÉLV PBGPGPÉLÈLPÉLLV
¶LLTUVL>EI (A) In terms of Clause 10 of the Nationalized Banks
ÉLLKLETWVRMKL&LTBELTC;0¶LG%SGVOTLEET*L&LTBGV¶LR%S (Management & Miscellaneous Provisions) Scheme, 1970,
HLTVTWL4KGVOTLE$LVVTETGZ W¶LLT9¶LHLTYL a person shall be disqualified for being appointed, as and
for being a Director:-
E
¶LGO PH GEMI )LI M&L¶L GOPLGZ¶LL 6¶LL¶LGVLI;3L HRWL HLT> ¶LL
NMVTLWOLVGE¶LLHLT¶LLZTVOLKLTB ETML'LM&LL43LLGE¶LL a. if he has at any time being adjudicated an insolvent or
has suspended payment or has compounded with his
HLT>W'LPL creditors; or
<L
¶LGOPHGP²3L&LVELHLT¶LLGEMIM\L&L6¶LL¶LLZ¶L^LKL TML
b. if he has been found to be of unsound mind and stands so
LLTGL3LGE¶LLY¶LLHLT>W'LPL declared by a competent court; or
Y
¶LGOPHGEMIOB.6¶LL¶LLZ¶L^LKL TMT GEMIW*LKLÉLET GZ c. if he has been convicted by criminal court of an offence
OLTLIGM#HKL¶LLY¶LLHLT GUM&LTB V4G3LEWÉL&L3LLGVGH3LHLT> which involves moral turpitude; or
W'LPL
d. if he holds any office of profit under any nationalized
L
¶LGOPHGEMI*LXL;ELGZEGVOTLE>È$L6ÉLGVOTLEWL4KWGÉLGV¶L&L bank or State Bank of India constituted under sub-section
EIÉLLKLEIN*LÉLLKL
ET<L. .
PB Q
ETWÉLIV (1) of Section 3 of the State Bank of India Act , 1955 or any
$L4BEETE&L;QLGK¶LLTB&LTBMTVLG&L3LGVOTLEET*LOETGMPL¶LGEMI subsidiary bank as defined in Section 3 of the State Bank
of India (Subsidiary Banks) Act, 1959, except for holding
KLrI¶L²3L$L4BE¶LL)LLK3LI¶L-7T7$L4BEWGÉLGV¶L&LEIÉLLKL the post of a whole-time director, including the Managing
EIN*LÉLLKL
ETWÉLIVYG#3L)LLK3LI¶L-7T7$L4BE WVRLBYI$L4BE
Director and directors nominated under clause (e) and (f)
WGÉLGV¶L&LEIÉLLKL&LTB ¶L'LL*LGK)LLGL3LGEMIWVRLBYI of sub-section (3) of Section 9 of the Act from among the
$L4BE&LTBELTC; ZL)LEL*LOÉLLGK3LEK3LLHLTWL4K employees of the Bank and.
WL
)LLK3LI¶LGKUP;$L4BEEIWGÉLMXQVL.I$LIWLT.IVB$LIMIVB3L'LL (B) If he/she is not found to be ‘fit and proper’ person, by the
!!GOVLBE3L'LL.I$LIWLT.I Nominations Committee of the Directors of the Bank In
terms of RBI Notifications No. DBOD.No.BC.No.46 &
VB$LIMIVB!! GOVLBE 3L'LL 47/ 29.39.001/ 2007-08 dated 01.11.2007 and DBOD.
)LLK3L MKELK ET P3L;&LLV GOLLGVOT;LLTB ET WÉLIV $L4BE ET No. BC.No.95/29.39.001/2010-11 dated 23.05.2011 and
GVOTLELTBEIVL&LLBEVMG&LG3L^LKL¶LGOPH?M\L&L PBN*L¶LR%S extant GOI guidelines.
H4GM¶L3LPLZLVHLT"
WBLELGZE Y4K WLGÉLELGKE GVOTLELTB VWLT.I
ET Q¶LV HT3LR Gist of Guidelines for selection of part time Non-Official Director
GOLLGVOT;LLTBELMLK (NOD)
¶LGO GVOTLE $L4E B ! J2WLC; ET GEMI )LI +TLI ET 3LH3L *LHZT HI A Director already on the Board of a Bank/FI, under any
LLG&LZH4>B 3LLTNM*LKGEMI)LIW6¶L$L4E
B ! J2WLC;ETY4KWLGÉLELGKE category, may not be considered for nomination as NOD on
any other Bank/FI.
GVOTLEET*L&LTB &LVLTVI3LEKVTETGZ GPQLKVHIBULME3LL"
GEMI )LI 0¶LG%S ELT $L4BE! *L2WLC; ET $LLT.; &LTB Y4K WLGÉLELGKE No person may be re-nominated as a NOD on the Board of
GVOTLEET*L&LTBG*L2KMT&LVLTVI3LVHIBGE¶LLULME3LLGUMVT a Bank/FI on which he/she has served as Director in the past
under any category for two terms or six years, whichever is
GEMI)LI+TLIET3LH3LOLTEL¶L;ELZLTB¶LL/PLLTULT)LIWGÉLE
longer.
HLTETGZ *LXP;&LTBGVOTLEET*L&LTBMTPL BOIHLTB"
$L4BE!GPºLI¶LMB-'LLVETGVOTLEET*L&LTB VWLT.IETFVLTVV*LK An NOD would not be considered for nomination as a Director
GPQLKVHIBGE¶LLUL YL¶LGO TMLGVOTLE*LHZTHI/PLLTET on the Board of a Bank/FI if such Director has already been a
NOD/shareholder-Director on the Board of any other Bank/FI
GZ >QLHTGV¶LG&L3L¶LL$LIQ$LIQ&LTBGEMIW6¶L$L4BE!GPºLI¶LMB-'LLV for six years, whether continuously or intermittently.
ET$LLT.;&LTBY4KWLGÉLELGKEGVOTLE!LT¶LKÉLLKEGVOTLEHLT"
WBLELGZE VWLT.I ET Q¶LV ET GZ MKELK ET GOLLGVOT;L Government guidelines for selection of part time NODs shall
be applicable for election of Shareholder Directors also.
LT¶LKÉLLKEGVOTLELTBETQRVLPHT3LR)LIZLYXHLTBYT"
GPºLI¶LMTPL B GP)LLY>GPºL&LBLLZ¶L>)LLK3LMKELK*LLMB<¶LL *L2 Full details are as per Department of Financial Services,
MB!!$LIWLTWLC; GOVLBE!!WL4K!!3L'LL Ministry of Finance, Government of India letter no. F. No.
CMET*L1LL3LGOVLBEELTHR MBLLTÉLV PBVL&LLBEVEI 16/83/2013 – BOI dated 03.09.2013 and guidelines for
selection of part time Non-Official Director vide letter no.
)LKVT EI 3LLKI<L 3LE W6¶L OXMKT MBLLTÉLV ET WVRMLK *LL MB<¶LL 16/17/2010-BO.I dated 13.10.2011 as on 01.06.2011 and
!!$LIWLTWLC; GOVLBE !! ^LKL WBLELGZE Y4K subsequent amendment thereto dated 01/04/2015 and any
WLGÉLELGKEGVOTLEETQ¶LVHT3LRGOLLGVOT; LLTB ETWVRMLK*LXL;$¶LL4K"T other amendment as on date of filing of nominations.
11
È3¶LLGL¶LLTBELTLT¶LKÉLLKELTBEIMXQI LIST OF SHAREHOLDERS TO CONTESTANTS
$L4BEET LT¶LKÉLLKELTB EIMXQI>GUMEI E7WL8*L2 A list of shareholders of the Bank as on 22/05/2015 (Cut-off
date) will be available for sale on and from 27/05/2015 on
G3LG'L
H4> ??*LBUL$L V4LVZ $L4BE> VC; GO:ZI!GO:ZI ET *L\L
pre-payment of `50,000/- (Rupees fifty thousand only) by
&LTB>OT¶LWGÉLMXGQ3L$L4BEET &LLBY.L¾7!)LRY3LLVWLOTLET UGK a demand draft/pay order of a Scheduled Bank in favour of
>! *L¶LT *L1QLMHULKETPZ
EL)LRY3LLVEKVT *LK “Punjab National Bank” payable at New Delhi/Delhi along
G$L¹IETGZ GOVLBEMTEB*LVIMGQP>LT¶LKGP)LLY> with a request addressed to the Company Secretary, Punjab
GPºLÈ)LLYÈÉLLVEL¶LL;Z¶L>MBMO&LLY;>VC;GO:ZIMT National Bank, Share Department, Finance Division, 5,
N*LZ$ÉLHLTYI"C1/REÈ3¶LLLILT¶LKÉLLKELTBETKGU-7KELGVKI\LL Sansad Marg, New Delhi 110001, The intending candidates
may also inspect the Register of shareholders and take extracts
)LIEKME3LTH4BWL4KNMMTNKLGVELZME3LTH4B" there from.
LT¶LKÉLLKELTBETKGU-7KELGVKI\LL
INSPECTION OF THE REGISTER OF SHAREHOLDERS
LT¶LKÉLLKELTB EL KGU-7K LT¶LKÉLLKELTB ^LKL GVKI\LL ET GZ $L4BE
The Register of shareholders will be open for inspection by the
ET ÈÉLLV EL¶LL;Z¶L &LTB EB*LVI MGQP> *LBUL$L V4LVZ $L4BE> LT¶LK shareholders, with the Company Secretary, Punjab National
GP)LLY>GPºLÈ)LLY>MBMO&LLY;>VC;GO:ZI&LTBGOVLBE Bank, Share Department, Finance Division, 5, Sansad Marg,
MT3LEM)LIEL¶L;GOPMLTBW'LL;3L_MLT&LPLK New Delhi 110001, on all working days commencing from
MTLR¹PLKOLT*LHK$LUTMTML¶LB$LUT3LEWL4KLGVPLK 27/05/2015 till 15/06/2015 between 3.00 p.m. and 5.00 p.m.
ELTÈL3L$LUTMTW*LKLª$LUT3LE<LRZLKHTYLGUMMT on weekdays and Saturdays between 11.00 a.m. and 1.00 p.m.
for the purpose of enabling the candidates to take extracts of
È3¶LLLILT¶LKÉLLKEKGU-7KETGEMI)LLYETNKLZTMET¶LL any part from the Register of Shareholders or request the Bank
M&$LG6ÉL3L)LLYELTE&*¶LX7KÈ7ZTVTEL$L4BEMTWVRKLTÉLEKMET for computer prints of the relevant portions, on prepayment
GUMETGZ N6HTB!*L¶LTÈG3LHULKL$O¶LLNMETWBLEI of an amount to be calculated at the rate of ` 5/- for every
OKMTNMEL*LXP;)LRY3LLVEKVLHLTYL" thousand words or part thereof.
GVPL;QV&LTB)LLYIOLKI PARTICIPATION IN ELECTION

*LBUL$LV4LVZ$L4E B LT¶LK PB $L4#ET
B GPGV¶L&L>ET <LB. In terms of Clause 64(i) and (ii) of PNB (Shares & Meetings)
i
3L'LL ii
ETWVRMLKGOVLBEELT E7WL8*L2G3LG'L
Regulations, 2000, such of those shareholders whose names
appear on the Register of Shareholders/Beneficial owners
V M.I Z!MI.I M Z! M7I ^LKL 3L4¶LLK ZL)LY[LGH¶LLT!B LT¶LKÉLLKELTB as furnished by NSDL/CDSL/Share Transfer Agent (STA) as
ETKGU-7K&LTB GUVLT¶LKÉLLKELTB ETVL&LH4B PTGVPL;QV&LTB )LLYZTVT ET on 22/05/2015 (Cut-off date) shall be entitled to nominate,
HEOLKH4B W'LL;3L_ET6ÇMKELKMTG)L6VLTKÉLLKELTB FTB MTGVOTLELTB ET contest and vote in the election of Directors from amongst
GVPL;QV&LTB VL&LLBEVEKVT>QRVLPZ.VT WL4KPLT7EKVTETHEOLKH4"B Shareholders other than the Central Government.
VL&LLBEV NOMINATIONS:
VL&LLBEVEIP4ÉL3LL Validity of Nominations

GPGV¶L&LVETGPGV¶L&LWL4K)LLK3LI¶LGK5LP;$L4BEEIWGÉLMXQVL.I$LIWLT.I In terms of Regulation 65 of the Regulations and in terms of
VB$LIMIVB 3L'LL !! GOVLBE 3L'LL Notifications of Reserve Bank of India – DBOD.No.BC.No.46 and
47/29.39.001/2010-11 dated 01.11.2007 and DBOD No. BC No.
.I$LIWLT.IVB$LIMIVB!!GOVLBE3L'LL 95/29.39.001/2010-11 dated 23.05.2011 and other applicable
GPG)L£WGÉLGV¶L&LLTB ET W6¶LZLYX ÈLPÉLLVLTB ET WÉLIVGVOTLEET *L&LTB provisions of various Acts, nomination of a candidate for election
GVPL;QVHT3LRN&&LIOPLKELVL&LLBEVP4ÉLHLTYLE3LRN*L$LBÉL¶LHH4GE as a director will be valid provided:
E
GOVLBE E7WL8*L2G3LG'L
ELT*LBUL$LV4LVZ$L4BE A. He/she is a shareholder holding as on 22/05/2015 (Cut-
&LTBE&LMTE&LLT¶LK EML4LT¶LK
ÉLLGK3L!LT¶LKÉLLKEHLT off date), a minimum of 100 (one hundred) shares in
3L'LLGOVLBE3LEE&LMTE&LLT¶LKÉLLGK3LEK3LL Punjab National Bank and continue to hold a minimum
HLTWL4KNMET$LLO)LIWYKPHGVPL;GQ3LHLT3LLH4!HLT3LIH4" of 100 shares till 15/06/2015 and thereafter if he is
elected.
<L
PHGPGV¶L&LVWGÉLGV¶L&L>WGÉLGV¶L&L>¶LLTUVL>GPGV¶L&LVW'LPL B. As on 15/06/2015 being the last date for receipt of
)LLK3LI¶LGKUP;$L4BEEIWGÉLMXQVLETWÉLIVGVOTLEVL&LLBEVEI nomination, he/she is not disqualified to be a director under
ÈLG*3LEIWBG3L&L3LLKI<L¶L'LLELT GVOTLEHLTVT ET the Regulation Act, the Act, the Scheme, the Regulations or
GZ W¶LLT9¶L LLTGL3LVGE¶LLY¶LLHLT" RBI Notifications and GOI guidelines.
Y
VL&LLBEVGZG<L3L*LMT HLT WL4KNM*LKCMWGÉLGV¶L&LET WÉLIV C. The nomination is in writing signed by at least 100
shareholders entitled to elect Directors under the Act or by
GVOTLELTB ELT GVPL;GQ3L EKVT ET GZ HEOLK E&L MT E&L their duly constituted attorney, provided that a nomination
LT¶LKÉLLKELTB ¶LLNVET ^LKLM&¶LE*LMT GV¶L3LW7LVI; ET H-3LL\LK by shareholder who is a Corporate Body may be made by a
HLTB *LKB3LR ¶LHGE¶LGOLT¶LKÉLLKEELTC>; GVYG&L3LGVEL¶LHLT 3LLT N%S resolution of the Directors of the said Corporate Body and
GVYG&L3LGVEL¶LETGVOTLELTB ETMBE:*L^LKLVL&LLBEVGE¶LLULME3LL where it is so made, a copy of the resolution certified to
12
okf"kZd fjiksVZ
H4WL4KUHLB TMLGE¶LLUL3LLH4>PHLBGUM$L4#E&LTB ¶LH*LLGK3LGE¶LL be a true copy by the Chairman of the meeting at which it
Y¶LLHLTNMETWÉ¶L\L^LKLÈ&LLGL3LMBE:*LEI EM3¶LÈG3L$L4E B ET was passed shall be dispatched to the Company Secretary,
Punjab National Bank, Share Department, Finance
E&*LVIMGQP>*LBUL$LV4LVZ$L4E B >LT¶LKGP)LLY>GPºLÈ)LLY>MBMO Division, 5, Sansad Marg, New Delhi 110001 and such
&LLY;>VC;GO:ZIETVL&LÈTGL3LEIUL YIWL4KN%SÈG3L copy shall be deemed to be a nomination on behalf of
ELT TMIE&*LVIEIWLTKMTGE¶LLY¶LLVL&LLBEV&LLVLUL YL" such Company.
L
LT¶LKÉLLKELTB 6¶LXV3L&L
^LKL GEMI 6¶LL¶LLÉLIL> GUZLÉLIL> D. The nominations by the shareholders (Minimum 100) is
accompanied by a declaration by the candidate, as per the
WLPLMVKGU-7LKW'LPLN*LKGU-7LK¶LLW6¶LKLU*LGL3LWGÉLELKI specimen forms of nomination and declaration furnished
W'LPL)LLK3LI¶LGKUP; $L4BEW'LPLGEMIW6¶LKLrI¶L²3L$L4BEET in this Notice, duly signed by the candidate before a Judge,
GEMIWGÉLELKIETM&L\LN&&LIOPLK^LKLH-3LL\LGK3LCMWLL¶LEL Magistrate, Registrar or Sub-Registrar of Assurances or other
Gazetted Officer or Officer of Reserve Bank of India or any
LLTLLL*LLVL&LLBEVETML'LMBZ9VGE¶LLY¶LLH4GENMTVL&LLBEV nationalized Bank, that he accepts the nomination and is
-PIELKH4WL4KPHGVPL;QVETGZ <L.LHLTVTELC1/REH43L'LL willing to stand for election and that he is not disqualified
CMWGÉLGV¶L&LETWÉLIV¶LLCM¶LLTUVL¶LLCVGPGV¶L&LLTBETWÉLIV from being a director, either under the Regulation Act or
GVOTLEHLTVTETW¶LLT9¶LVHIBH4" the Act or Scheme or the Regulations or RBI Notification or
GOI guidelines.
.
CMVLTG7METML'LVL&LLBEV*L2L&L;WL4KGPGV¶L&LV^LKL¶L'LLGVÉLL;GK3L E. The Nomination Forms and the Declaration Form are as
LLTLLL*L2L&L;WL4KÈLT*L2L&LL;MBZ9VH4"CVÈ*LLLTBMGH3LMB*LXL;VLTG7M prescribed by the Regulations and as per the Proforma
$L4BE EI P4$LMLC7 www.pnbindia.in GVPTLE MXQVL annexed to this notice. The entire notice inter alia
comprising these Proforma is also available on the Bank’s
*LGKGLr
*LK)LIN*LZ$ÉLH4"
Website: www.pnbindia.in. (Investor Info Page)
VL&LLBEV*L2L&LLTELÈ-3LR3LGE¶LLULVL Submission of nomination forms
Shareholders desirous of contesting the election of Director
¶LTM)LICMVLTG7METML'L)LTUT Y¶LTÈL*LLTB &LTB ?&LLTHK$LBOGZ*L2L*L2T&LTB EB*LVIMGQP>
should submit following documents in the formats annexed to this
LT¶LKGP)LLY>GPºLÈ)LLY>ÈÉLLVEL¶LL;Z¶L>>MBMO&LLY;>VC;GO:ZIELT notice, in a SEALED ENVELOPE to the Company Secretary, Punjab
M)LIOAGr¶LLTB MT*LXL;M&$LG6ÉL3LO-3LLPTULTB ETML'LWMLÉLLKLWL&L$L4#EEI3LLKI<L National Bank, Share Department, Finance Division, 5, Sansad
MTE&LMTE&LGOV*LXP; GEMIEL¶L;GOPMFTB W'LL;3L_GOVLBEUXV> Marg, New Delhi 110001 together with the connected documents,
complete in all respects, on a working day at least 14 days before
ELTMLB¶L$LUT$L4E B EL¶L;M&L¶LM&LL*3LHLTVT MT*LXP; *LHRQ
B ULVTQLGH " the date of the meeting, i.e., on or before closing hours of the Bank
EGPGÉLP3L_)LKLHRWL LLTLLL*LL at 5.00 pm on 15th June, 2015.
<LQRVLPZ.VT ET *LLLE&LMT E&LLT¶LKÉLLKELTB EIWLTKMT a) Duly filled in Declaration Form;
VL&LLBEV b) Nominations from minimum of 100 shareholders entitled
to nominate in the elections;
Y0¶LG%SY3LMXQVL> LLTLLL3L'LLNMETML'L EPQV*LLGUMETML'L c) Personal Information, Declaration and Undertaking
M&$LG6ÉL3LO-3LLPTU>È&LLL*LL>HLTBYT U4MT GE0¶LG%SY3L*LGKQ¶L> together with the connected documents, testimonials,
L4\LGLE¶LLT9¶L3LL PBWVR)LPWLGOETÈ&LLL*LLC3¶LLGO viz., Bio Data, Certificates of Educational qualification,
experience, etc.
VL&LLBEVLTBEIULBQWL4KGVOTLELTBELQRVLP SCRUTINY OF NOMINATIONS AND ELECTION OF
DIRECTORS
E
VL&LLBEVLTB EIULBQ>VL&LLBEVLTB EIÈLG*3LET GZ GV¶L3LG3LG'L
a. Nominations shall be scrutinized by the Bank on
ET$LLO*LHZTEL¶L;GOPMELTEIUL¶LTYIWL4K¶LGO
16/06/2015 i.e. the first working day following the last
ELTC; VL&LLBEVP4ÉLVHIB *LL¶LLY¶LL3LLT NMELELKLOU; EK3LT date fixed for the receipt of the nominations and in case
HR NMTW-PIELKEKGO¶LLUL¶LTYL" any nomination is not found to be valid, the same shall be
rejected after recording the reasons there for.
<L
VL&LLBEVLTBEIULBQ)LLK3LI¶LGKUP;$L4BEEIWGÉLMXQVLETWÉLIV b. Nominations shall also be subjected to scrutiny by the
$LLT.;EIVL&LLBEVMG&LG3L^LKL)LIEIUL YI" Nomination Committee of the Board in terms of the RBI
Notifications.
Y
¶LGOGVPL;QV^LKL)LKIULVTPLZI EGKG%SETGZ ETPZ E
c. If there is only one valid nomination for the one vacancy to
P4VL&LLBEVHLT3LLT TMTVL&LLBGE3LN&&LIOPLKELT3LRK63LGVPL;GQ3L be filled by the election, the candidate so nominated shall be
HRWLM&LLUL¶LTYL PBNMELVL&LWL4K*L3LL*LI V$LI LT¶LK PB deemed to be elected forthwith and his/her name and address
$L4#ETB
GPGV¶L&LVET<LB. i
WL4K iii
ETWVRMLK shall be published as so elected in terms of Clause 66(i) and
(iii) of PNB (Shares & Meetings) Regulations, 2000.
GVPL;GQ3LN&&LIOPLKET*L&LTBÈELGL3LGE¶LLUL YL"
d. In the event of an election being held, if the valid
L
WL¶LLTGU3L HLT KHT QRVLP ET M&L¶L> ¶LGO E MT WGÉLE P4ÉL nominations are more than one, the names of the
VL&LLBEVH4B3LLTN&&LIOPLKLTBETVL&LM&LLQLK*LLLTB&LTBÈELGL3LGE candidates shall be published in the news papers. The
13
UL¶LTBYT"QRVLP&LTB $LHR&L3LÈL*3LEKVT PLZT È3¶LLLIELT QRVLHRWL candidates polling the majority of votes at the election will
M&LLUL¶LTYLWL4KNVET VL&L$L4#E&LTB WÉ¶L\L^LKL LLTGL3LGE be deemed to have been elected and his/her name will
be declared by the Chairman after receipt of scrutinizer’s
UL¶LTBYTWL4KM&LLQLK*LLLTB&LTB)LIÈELGL3LGE UL¶LTBYT"PT*LGKLL&L report and will also be published in newspapers. He/
EI LLTLLLET*L1LL3LETGOVMTHIEL¶L;)LLKMB)LLZTBYT" she will assume office on the day after the declaration of
results.
.
¶LGOELTC; GPPLOHLT3LLH4 3LLT NMELGV*L7LVGPGV¶L&LVET GPGV¶L&L
e. If there is any dispute the same shall be settled as per
ETWVRMLKGE¶LLUL¶LTYL" Regulation 67 of the Regulations.
VLFLBEVPL*LMZTVL Withdrawal of Candidature
¶LGOELTC; È3¶LLLIW*LVLVL&LLBEVPL*LMZTVLQLH3LLH43LLTPHD4GB EBYELMF If any candidate desires to withdraw his nomination, he would be
MFL*SHLTVT MTJXP; GEMI)LIMF TMLEKVTETGZ JLLHLTYLW'LL;SGOVLBE entitled to do so at any time prior to closing hours of the Bank i.e.
on or before 5.00 pm on 17/06/2015.
ELTML¶LB$LUTMTJXP";
GVOTLELTBELGH3L INTEREST OF DIRECTORS
$L4BEET GEMI )LI GVOTLELTB EL ELKLT$LLK EI N*L¶LR;%S &LO &LTB ELTC; GH3L None of the Directors of Bank is interested in the aforementioned
item of business.
VHIBH4"
The Election shall be subject to the decision of the High Court,
GVPL;QVÈG¹¶LL¶LLGQELMB! +IWLOL;&LLZ*LLVI$LVL&L*LBUL$L Delhi, on the writ petition no 2699/2015 (Mr. Adarsh Malpani
V4LVZ$L4BE PBW6¶L
3L'LL¶LLGQELMB! +I*LR*LUI3L¶LLOREL v/s PNB & others) and writ petition no 2700/2015 (Mr. Puspjeet
$LVL&L*LI V$LI PB W6¶L
>W6¶L$LL3LLTB ET ML'LML'LGOVLBE Yaduka v/s PNB & another), inter-alia, challenging the decision to
ELT C;UI &L&LTB GVPL;QVET -'LYVET GVL;¶LELT QRVL43LIOTVT PLZIGO:ZI postpone the elections in the EGM on 19/03/2015.
HLC;ELT7;ETGVL;¶LETWÉLIVH4"
G7**LGL¶LL NOTES:
1. APPOINTMENT OF PROXY
ÈL8%MIEIGV¶LRG%S
A shareholder entitled to attend and vote at the meeting, is entitled
$L4#E&LTB N*LG-'L3LHLTVT WL4K&L3LOTVT ET *LLLLT¶LKÉLLKEW*LVT -'LLV*LK
to appoint a proxy to attend and vote instead of himself/herself and
N*LG-'L3LHLTVTWL4K&L3LOTVTHT3LRÈL8%MIGV¶LR%SEKVTEL)LI*LLLHLTYL!HLTYI
such a proxy need not be a shareholder of the Bank. The proxy
3L'LL TMIÈL8%MIEL$L4BEELLT¶LKÉLLKEHLTVLWLP¶LEVHIB H4 ZTGEV
so appointed shall not have any right to speak at the meeting.
TMIÈL8%MIELT $L4#E&LTB $LLTZVT ELWGÉLELKVHIB HLTYL" TMLELTC; )LI
No person shall be appointed as a Proxy who is an officer or an
0¶LG%SULT $L4BEELE&L;QLKI¶LLWGÉLELKIH4>ÈL8%MIET *L&LTB GV¶LR%S employee of the Bank. The grantor of an instrument of proxy shall
VHIBGE¶LLULME3LL"$L4#E&LTBÈL8%MI*LLETYLKB7IE3LL;ELTPLT7OTVTEL not be entitled to vote in person at the meeting. The proxy in
WGÉLELKVHIB HLTYL"ÈL8%MIET *L&LTB GV¶LR%SEIULVT PLZIGZ<L3LELT order to be effective, must be received by the Bank at the Share
È)LLPIEKVT ET GZ >NMT LT¶LKGP)LLY>ÈÉLLVEL¶LL;Z¶L>MBMO&LLY;> Department, Finance Division, Head Office, 5, Sansad Marg, New
VC; GO:ZI&LTB>$L4#EEI3LLKI<LET E&LMT E&LGOV*LXP; Delhi-110001 not less than four days before the date of the meeting
W'LL;3L_DAH-JGSPLKUXV>ELTELKLT$LLKIM&L¶LEIM&LLG*3LW'LL;3L_ i.e. on or before the closing hours i.e. 5.00 p.m. on Thursday, the
W*LKLª$LUT3LEU&LLEKOIUL "ÈL8%MI*L2L&L;ELÈL*LPLLE 25th June, 2015.
GK*LLT7;ETML'LMBZ9VH4"
2. APPOINTMENT OF AN AUTHORISED REPRESENTATIVE
ÈLGÉL²3LÈG3LGVGÉLEIGV¶LRG%S
ELTC;)LI TML0¶LG%S>GEMIGVYG&L3LGVEL¶LETGPGÉLP3L_ÈLGÉL²3LÈG3LGVGÉL No person shall be entitled to attend or vote at any meeting as duly
ET*L&LTB>3L$L3LE$L4BEEI$L4#E&LTBN*LG-'L3LHLTVT¶LL&L3LOTVTEL*LLL authorized representative of a body corporate, unless a copy of the
VHIBHLTYL>U$L3LENM$L4#E>GUM&LTB¶LHMBE:*L*LLGK3LGE¶LLY¶LLH4> resolution appointing him/her as a duly authorized representative,
certified to be a true copy by the Chairman of the meeting at which
ETWÉ¶L\L^LKLGPGÉLP3L_*LMTÈLGÉL²3LÈG3LGVGÉLET*L&LTBNMTGV¶LR%S
it was passed, shall have been deposited at the Share Department,
EKVTPLZTMBE:*LEIM3¶LÈG3LÈÉLLVEL¶LL;Z¶L>>MBMO&LLY;>VC;GO:ZI Finance Division, 5, Sansad Marg, New Delhi 110001, not less
&LTB G-'L3L*LBUL$LV4LVZ$L4BEET LT¶LKGP)LLY>GPºLÈ)LLY&LTB> than four days before the date of the meeting i.e. on or before the
$L4#EEI3LLKI<LETE&LMTE&LGOV*LXP;W'LL;3L_DAH-JGSPLK>UXV> closing hours i.e. 5.00 p.m. on Thursday , the 25th June, 2015. No
ELTELKLT$LLKIM&L¶LEIM&LLG*3LW'LL;3L_W*LKLª$LUT3LEU&LL person shall be appointed as an authorized representative, who is
EKOIUL " TMLELTC;)LI0¶LG%SULT$L4BEELE&L;QLKI¶LLWGÉLELKIH4> an officer or an employee of the Bank.
ÈG3LGVGÉLET*L&LTBGV¶LR%SVHIBGE¶LLULME3LL" 3. CLOSURE OF REGISTER OF SHAREHOLDERS
LT¶LKÉLLKELTBETKGU-7KELM&LL*LV The Register of Shareholders and Share Transfer Books of the
$L4E
B ET LT¶LKÉLLKELTB EL KGU-7K 3L'LL LT¶LK WB3LKL *LR-3LETB Bank will remain closed from Wednesday, the 24th June 2015 to
$LRÉLPLK
MT FBYZPLK
3LE OLTVLTB GOVLLG&LZ
$LBOKHTYB I" Tuesday, the 30th June 2015 (both days inclusive).
14
okf"kZd fjiksVZ
PLT7YELWGÉLELK 4. VOTING RIGHTS

$L4BEY E&*LVI N*L¹&LLTB EL WU;V PB WB3LKL
WGÉLGV¶L&L> EI In terms of provisions of Section 3(2E) of the Banking Companies
(Acquisition and Transfer of Undertakings) Act, 1970 (as
ÉLLKL C;
ET ÈLPÉLLVLTB ET WVRMKL&LTB $L4BEELELTC; )LILT¶LKÉLLKE> amended) no shareholder of the Bank other than Central
ET6ÇMKELKET WG3LGK%S>NMET ^LKLÉLLGK3LLT¶LKLTB ET MB$LBÉL&LTB $L4BEET Government shall be entitled to exercise voting rights in respect
M&L-3LLT¶LKÉLLKELTBETERZPLT7ETWGÉLELKETMTWGÉLEPLT7YET of the shares held by him in excess of 10% of the total voting
WGÉLELKELHEOLKVHIBHLTYL"¶LGOELTC;LT¶LKOLT¶LLWGÉLE0¶LG%S¶LLTBET rights of all the shareholders of the Bank. If any share stands in
the name of two or more persons, the person first named in the
VL&L*LKH43LLTGUM0¶LG%SELVL&LKGU-7K&LTB*LHZTOU;HLTYL>NMTPLT7 register shall, as regards voting, be deemed to be the sole holder
OTVTETMB$LBÉL&LTB EZÉLLKE&LLVLUL YL" thereof.
ZL)LLBLET)LRY3LLVETGZ C;¹TG.7WGÉLOTL!$L4E B <LL3LTET$¶LL4K>T 5. DIVIDEND MANDATE FOR E-CREDIT/BANK ACCOUNT

*L3LT&LTB *LGKP3L;V3L'LLW6¶LGPPKL DETAILS, CHANGE OF ADDRESS AND OTHER
PARTICULARS
E
&LX3L;*L&LTBLT¶LKÉLLGK3LL a) Holding of shares in Physical Form
&LX3L;*L&LTB LT¶LKÉLLGK3LEKVT PLZT LT¶LKÉLLKELTB MT WVRKLTÉLH4 GEPT Shareholders holding shares in physical form are requested
W*LVT *L3LT &LTB *LGKP3L;V>$L4E
B <LL3LT EL$¶LL4KLW'LL;3L_ $L4E
B ELVL&L> to inform the Share Transfer Agent (STA) i.e. Beetal Financial
LL<LLEL*L3LL><LL3LLMB<¶LL>&LLC;EK!WLC; *L2 MELT. U4MLGE & Computer Services (P) Limited (Unit: PNB) ‘Beetal House’,
Q4E &LTB GO¶LL Y¶LL H4
PB C;¹TG.7 WGÉLOTL WLGO H&LLKT LT¶LK 3rd Floor, 99, Madangir, Behind Local Shopping Centre,
WB3LKL UT7B W'LL;3L_$LI7Z*L2LC;VGBT L¶LZ B.E&*¶LX7KMPMTU ÈL
New Delhi 110062, regarding the change of address, email
address, bank account details viz. name of Bank, Branch
GZ>$LI7ZHLNM>3LA3LI¶L3LZ>>&LOVYIK>ZLTEZLL8*LYMT7B KET
Address, Bank Account Number, MICR/IFS Code as given on
*LI/T>VC;GO:ZIELTMXGQ3LEKTB 3LLGEPTW*LVT<LL3LT the cheque and e-credit mandate etc. to update the records
&LTB MIÉLT ZL)LLBL PB *LLLQLKM&L¶L*LKÈL*3LEKMET"B C;¹TG.7 for receipt of beneficial interest/communications, if any. The
WGÉLOTL!$L4E B GPPKL*L2L&L;ELÈL*LPLLEGK*LLT7; ETML'LMBZ9V format for e-credit mandate/Bank details form is available on
H4B 3L'LL¶LH$L4E B EIP4$LMLC;7W'LL;3L_www.pnbindia.in *LK)LI Bank’s website www.pnbindia.in.
N*LZ$ÉLH4" b) Holding of shares in Electronic Form
<L
CZ4%7L8GVE*L&LTBLT¶LKÉLLGK3LL Beneficial Owners holding shares in Electronic form are
CZ4%7L8GVE*L&LTBÉLLGK3LLT¶LKLTBETZL)LL'L¶LLTBMTWVRKLTÉLH4GEPT requested to ensure that their address, Bank details viz. name
of Bank, Branch address, Bank Account Number, MICR/IFS
MRGVG1L3LEKTBGENVEL*L3LL>$L4BE<LL3LTEL$¶LL4KLW'LL;3L_$L4BEEL
Code as given on the cheque and e-credit mandate etc. are
VL&L>LL<LL*L3LL>&LLC;EK!WLC; *L2 MELT.U4MLGEQ4E&LTBGO¶LL duly updated with their Depository Participant (DP) as and
Y¶LL H4 PB C;¹TG.7 WGÉLOTL WLGO NVET G.*LL8GU7KI MH)LLYI when there is any change.
.I*LI
ET*LLM'LLJGKPGS;SJFTBGPGÉLP3L_W]3LVHLTB"
ZL)LLBLELÈL*3LVHLTVL 6. NON RECEIPT OF DIVIDEND

SO^LKLLT¶LKÉLLKEELTMXGQ3LGE¶LLUL3LLH4GEMLBGPGÉLEÈLPÉLLVLTB Shareholders are also hereby informed that if any dividend
ETWVRMLK>¶LGOZL)LLBLKLGLOT¶LG3LG'LMTPLLT 3LEG$LVL)LRY3LLV amount remains unpaid/unclaimed for 7 years from its due
OLPLET KH3LIH4>3L$L)LRY3LLVVEIYC; EG'L3LKLGL)LLK3LMKELK date, the said unpaid/unclaimed amount has to be transferred
^LKLYG#3LGVPTLEGL\LL PBMBK\LL*L2B. WLC;C*; LI *L2
&LTB WB3LGK3L to Investor Education & Protection Fund (IEPF) set up by
EKVI HLT3LI H4" W3L GPºL PL; ET GZ ZL)LLBL <LL3LT &LTB Central Government. As such, the unpaid/unclaimed amount in
WÈOºL!WOLPL²3LKLGLWLC;C*; LI *L2ELT WB3LGK3LEKVLLTLH4"W3L Dividend Account for FY 2007-08 is due for transfer to IEPF.
PTLT¶LKÉLLKEGU6HTB N%SZL)LLBLÈL*3LVHIBHRWLH4>NVMTWVRKLTÉLH4 The shareholders who have not received/claimed the said
GE PT CMET GZ EAJL W*LVL OLPL 3LE È-3LR3L EKTB dividend(s) are, therefore, requested to claim the same not later
W3LGUVLT¶LKÉLLKELTB ELTZL)LLBLÈL*3LVHIBHRWLH4>NVMTWVRKLTÉLH4 than 10.08.2015 by giving their latest address, Mobile/Telephone
GEPTKLGLETOLPTETGZ LT¶LKWB3LKL UT7B MTM&*LE;EKETN6HTB No. Folio No./ DP-ID & Client ID and Bank details viz. Bank
W*LVLVPIV3L&L*L3LL>&LLT$LLCZ!7TZI*L2LTVVB>*L2LTGZ¶LLTVB!.I*LIWLC;.I name, branch address, Bank account no. and IFS code etc. for
PBY[LHEWLC;.I3L'LL$L4E B EL$¶LL4KLW'LL;3L_$L4E
B ELVL&L>LL<LLEL claiming the amount. Please note that once the unpaid amount
is transferred to IEPF, no individual claim shall lie against the
*L3LL>$L4E
B <LL3LLMB<¶LL PBWLC; *L2 MELT.C3¶LLGOOT"B NVMTWVRKLT
Bank. Year-wise list of unpaid/unclaimed dividend from 2007-
J[L*SHLTVT JKD4EB N6HTB OTKLGLEL)LRYSLVEKOTYL"²*L¶LLVLT7EKTB
08 onwards is uploaded on Bank’s website www.pnbindia.in
GEWÈOºLKLGLET WLC;C*; LI *L2<LL3LT &LTB WB3LKLET *L1LL3L_ $L4E
B ET
under ‘Investors’ Info’.
¶LLWLC;C*; LI *L2ETGPELTC; 0¶LG%SY3LOLPLVHIBGE¶LLULMETYL"
WÈOºL!WOLPL²3LZL)LLBLLTB EIPL;PLKMXQI$L4E B ETP4$LMLC7www.
pnbindia.inET?C6PT-7M;C6*L2LTETWB3LY;3LW*LZLT.H4"
15
LT¶LKÉLLKELTBMTWVRKLTÉL 7. REQUEST TO SHAREHOLDERS
E
LT¶LKÉLLKELTB ELT MXGQ3LGE¶LLUL3LLH4 GEPLLEGK*LLT7; EI a. Please note that copies of the Annual Report will not be
ÈG3L¶LLBPLLEWL&L$L4#EET-'LZ*LKGP3LGK3LVHIBEIUL BYI" distributed at the venue of the meeting. Shareholders/
Proxyholders/Authorized Representatives are, therefore,
W3LLT¶LKÉLLKELTB!ÈL8%MIÉLLKELTB!ÈLGÉL²3LÈG3LGVGÉL¶LLTBMTWVRKLTÉL requested to bring their copies of the Annual Report to the
H4 GE PT 3LO_^LKL )LTUI UL KHI PLLE GK*LLT7; EI W*LVI meeting. The Annual Report along with formats is being
ÈG3LW*LVT ML'LZL B"PLLEGK*LLT7;>*LGKGLrMGH3L$L4BEEI posted on the Bank’s Website at www.pnbindia.in
P4$LMLC7 www.pnbindia.in*LK)LIN*LZ$ÉLEIULKHIH4" b. Electronic copy of the Annual Report for 2014-15 is being
<L
EIPLLEGK*LLT7; ET GZ NVM)LILT¶LKÉLLKELTB ELT> sent to all the shareholders whose email IDs are registered
with the STA / Depository Participant(s) for communication
GUV&LTB C;&LTZ>WLC;.I> M7I &LTB *LBUI²3LH4>B CZ4%7LGVEÈG3L)LTUI purposes unless any shareholder has requested for a hard
UL YI"G.*LLGU7KIMH)LLYIU$L3LEGEGEMILT¶LKÉLLKE^LKL copy of the same. For shareholders who have not registered
NVEIHL.;ÈG3LV&LLBYIHLT"LT¶LKÉLLKEELTC;&LTZ*LBUI²3LVHIBH4 their email address, physical copies of the Annual Report for
2014-15 is being sent in the permitted mode, separately.
N6HTB PLLEGK*LLT7; EI E)LL4G3LE*L&LTB )LTUIUL YI"
c. Electronic copy of the Notice of the 14th Annual General
Y
PIBPLGL;EWL&L$L4#E&LTBVLTG7MEICZ4%7LGVEÈG3LGUM&LTB Meeting (AGM) of the Bank, inter alia, indicating the
C;PLT7YEIÈLLZIWL4K0¶LPHLKWVR$LBÉL>N*LG-'LG3L*LQI;WL4K process and manner of e-voting along with Annexures,
ÈL8%MI*L2L&L;*LLLQLKWLGONÎT¶LETGZ GUVEIU$L3LEGE Attendance Slip and Proxy Form is being sent to all the
shareholders whose email IDs are registered with the STA/
ELTC; LT¶LKÉLLKE)LL4G3LE*LMT &LLBYVEKTB"M)LILT¶LKÉLLKELTB Depository Participants(s) for communication purposes
GUVEIC;&LTZWLC;.I M7I !G.*LLGU7KIMH)LLYIETML'L*LBUI²3L unless any shareholder has requested for a hard copy of
H4 LT¶LKÉLLKEELT C;&LTZ*LBUI²3LVHIB H4 N6HTB PLLEGK*LLT7; the same. For shareholders who have not registered their
EI E)LL4G3LE*L&LTB)LTUIUL YI" email address, physical copies of the Notice of the 14th
Annual General Meeting of the Bank inter alia indicating
L
LT¶LKÉLLKE ¶LH )LI VLT7 EKTB GE PIB UI &L!PLLE GK*LLT7; the process and manner of e-voting along with Attendance
ETVLTG7M$L4BEEIP4$LMLC7www.pnbindia.in*LK Slip and Proxy Form is being sent in the permitted mode.
)LI.LNVZLT.EKVTETGZ N*LZ$ÉLH4"EL¶L;GOPMLTB*LKML&LL6¶L d. Shareholders may also note that the Notice of the 14th
ELKLT$LLK M&L¶L ET OL4KLV GVKI\LL ET GZ N*L¶LR;%S O-3LLPTULTB AGM and the Annual Report for 2014-15 will also be
available on the Bank’s website www.pnbindia.in for
EI)LL4G3LEÈG3LLT¶LKGP)LLY>GPºLÈ)LLY>>MBMO&LLY;>V¶LI download. The physical copies of the aforesaid documents
GO:ZI$L4BEET ÈÉLLVEL¶LL;Z¶L&LTB )LIN*LZ$ÉLHLTYI" will also be available at the Bank’s Head Office at Share
CMET *L1LL3L_ C;E&¶LRGVETLV> LT¶LKÉLLKELTB ET GZ *LBUIEKL Department, Finance Division, 5 Sansad Marg, New Delhi-
110001 for inspection during normal business hours on
)LL4G3LE*L&LTB TMIMXQVLÈL*3LEKVTETGZ »IWL*L2EL-7 working days. Even after registering for e-communication,
.LE^LKLGPLTLWVRKLTÉLEKVT*LKÈL*3LEKVTETWGÉLELKIHLTBYTB" shareholders are entitled to receive such communication
LTKÉLLKE WJVL WVRKLTÉL D4BE EI CFTZ WLC;.I: hosd@pnb. in physical form, upon making a specific request, by post,
co.in ELT)LI)LTUMESTH4B" free of cost. The shareholders may also send their requests
to the Bank’s email-id: hosd@pnb.co.in
.
LT¶LKÉLLKE²*L¶LLVLT7EKTB GE$L4#E-'LZ*LKELTC; N*LHLK! e. Shareholders may kindly note that no gift/gift coupon will
EX*LVGP3LGK3LVHIBGE¶LLUL YL" be distributed at the meeting.
Q
E.T MRK\LLELKLLTB MT WL8.I7LTGK¶L&LET WBOK>D[I*L2ETM><LLVT f. Due to security reasons brief cases, eatables & other
ELML&LLV PBW6¶LP-3LR BZTULVTEIWVR&LG3LVHIBH4"$L4#E belongings are not allowed inside the auditorium. Persons
attending the meeting are therefore advised to make their
&LTB)LLYZTVTPLZT0¶LG%S¶LLTBELTMZLHOIUL3LIH4GEPTW*LVT
own arrangements for safe keeping of their articles.
ML&LLVEIMRK\LLETGZ -P¶LB0¶LP-'LLEKTB"
8. VOTING PROCESS
&L3LOLVÈG¹¶LL
VOTING THROUGH ELECTRONIC MEANS
CZ4%7LGVE&LLÉ¶L&LLTB^LKL&L3LOLV I. In compliance with provisions of Clause 35 B of the
I.EB*LVI WGGVF> EI LKL ET J[LPÉLLVLT B ML'L JG#S Listing Agreement read with provisions of Section 108
MXQIEKL EKLK ET <LB. $LI> EB*LVI È$LBÉLV WL4K ÈLLMV
of the Companies Act, 2013, Rule 20 of the Companies
(Management and Administration) Rules, 2014, as
MBLLTÉLVGV¶L&L^LKLJ[GS-'LLGJSEBJVI J[D B VWL4KJ[LLMV
substituted by the Companies (Management and
GVF ET GVF ET ÈLPÉLLVLTB EI WVR*LLZVL &LTB $L4E B Administration) Amendment Rules, 2015 the Bank is
LT¶LKÉLLKELTB ELTWLYLFI UI FFTB GPQLKLIMBE:JLTB JKCZ4%7LGVE providing the shareholders facility to exercise their right to
vote on Resolutions proposed to the considered at the forth
FLÉF^LKLFSOLVEKVTEIMRGPLOTKHLH4WL4KHEL;GVJLOV coming AGM by electronic means and the business may be
M47B Z
G.*LLGU7KI MPMTU )LLK3L
GZG&L7T. MI.I M Z
^LKL transacted through e-voting platform provided by Central
NJZ$EKLTYTC;PLT7YET&LLÉ¶L&LMTGELULMESLH4" Depository Services (India) Limited (CDSL).
16
okf"kZd fjiksVZ
II.FSJL ET FLÉF MT PLTG7BY EI MRGPÉLL )LI D4#E FTB NJZ$ II. That the facility for voting, through Ballot paper shall also
HLTYIWL4KD4#EFTB)LLYZTVTPLZTMO-LTBGU6HLTBVTGKFLT7C;PLTG7BY be made available at the meeting & members attending the
^LKLJHZTWJVLPLT7VHIBGELH4>FSJLETFLÉFMTWJVL meeting who have not already cast their vote by remote
e-voting shall be able to exercise their right at the meeting
WGÉLELKELJ[LTYEKVTFTBM\LFHLTBYT"
through Ballot paper.
III.PHMO-GUMVT D4#EMT JHZT HIGKFLT7C;PLTG7BY^LKLWJVL
PLT7GELYLH4>D4#EFTB )LLYZT MESLH4 JK6SR PHORDLKL III. That the Members who have cast their vote by remote
WJVLPLT7EKVTETGZ JLLVHIBHLTYL" e-voting prior to the meeting may also attend the meeting
but shall not be entitled to cast their vote again.
IV.MI.I M ZC;PLTG7BYETGZ OLT"EVSN"VBNJZ$ÉLEKLTYL"
EQRVLPET GZ UTB.LFOMB<L
WL4K E UTB.L IV. CDSL shall provide 2 EVSN numbers for e-voting. One
FOMB<LWL4KET GZ >PH0G%SULT for election (agenda item number 3) and one for agenda
ELT LTKÉLLKE VHIB H4> NMT QRVLP FTB PLT7 EKVT EL ELTC; items number 1& 2. A person who is not a share holder
on 22/05/2015 will not get any voting rights on election
WGÉLELKVHIBHLTYL>ZTGEV UTB.LFOMB<LPJKPLT7
but may get to vote on agenda item number 1&2.
EKMESLH4"
V.GKFLT7C;PLT7YEIJ[G¹L PBSKIELGV&VP3L_H4 V. The process & manner for e-voting are as under:
(i) C;PLT7YEIWPGÉL ÈL3L$LUT
LRHLTYI (i) The voting period begins on 27/06/2015 (9:00 am)
WL4K ML¶LB$LUT
3LEM&LL*3LHLTUL YI" and ends on 29/06/2015 (5:00 pm). During this
CMWPGÉL&LTBE7WL*L2G3LG'LETWVRMLK$L4BE period shareholders’ of the Bank, holding shares
either in physical form or in dematerialized form,
ETLT¶LKÉLLKEQLHTPH)LL4G3LE*L&LTBLT¶LKÉLLGK3LEK3LTHLT
as on the cut-off date of 22/05/.2015, may cast
¶LLG.&LT7TGK¶LLZLC5.*L&LTBZT<LL*LKIG\L3L<LL3LT PBZL)LLBLLTB their vote electronically for agenda item number
EI LLTLLLETWVR&LLTOVMTMB$LBGÉL3L UTB.L&LOMBWL4K 3 relating to election of share holder Director &
*LKW*LVLPLT7CZT%7LGVE*L&LTB.LZME3LTH4B>GOVLBE Share holders holding shares as on 23/06/2015
EIGKEL8.;G3LG'L3LELT¶LKÉLLKEGVOTLE3L'LL may cast their vote electronically on agenda item
ÉLLGK3LLT¶LKLTBETLT¶LKÉLLKELTBETQRVLPMTMB$LBGÉL3L UTB.L&LO numbers 1&2 relating to approval of Audited
MBMTMB$LBGÉL3LW*LVLPLT7CZT%7LGVE*L&LTB.LZME3LT Accounts & declaration of Dividend. The e-voting
H4B"C;PLT7YET$LLOMI.I M Z^LKLC;PLT7Y&LL._¶LXZH7L module shall be disabled by CDSL for voting
thereafter.
GO¶LLUL YL"
(ii) LT¶LKÉLLKE> C;PLT7Y ET GZ P4$LMLC;7 www.evotingindia.
com *LKZL8GYVEKTB" ii The shareholders should log on to the e-voting
website www.evotingindia.com
(iii) Shareholders74$L*LKG%ZEEKTB"
iii Click on “Shareholders” tab.
(iv) W$LW*LVI¶LXUKWLC;.IÈGPrEKTB
iv Now Enter your User ID
E
MI.I M ZETGZ WBELTBEIZL)LL'LI;WLC;.I
a. For CDSL: 16 digits beneficiary ID,
<L
V M.I ZET GZ E4KT%7KEI.I*LIWLC;.IET DLO
WBELTBEIY[LHEWLC;.I b. For NSDL: 8 Character DP ID followed by 8 Digits
Client ID,
Y
)LL4G3LE*L&LTB LT¶LKÉLLGK3LEKVT PLZT MO-¶LLTB ELT $L4BEET ML'L c. Members holding shares in Physical Form should
*LBUI²3L*L2LTGZ¶LLTMBÈGPrEIULVIQLGH " enter Folio Number registered with the Bank.
v.
CMET *L1LL3L ÈOL3L C&LTU M3¶LL*LV OU; EKTB WL4K ZL8GYV *LK v Next enter the Image Verification as displayed and
G%ZEEKTB" Click on Login.
vi If you are holding shares in demat form and had
vi.
¶LGO WL*L .I&L47 *L &LTB LT¶LK ÉLLGK3L EK3LT H4B WL4K www.
logged on to www.evotingindia.com and voted on
evotingindia.com *LK ZL8GYV GE¶LL H4 WL4K GEMI EB*LVI ET
an earlier voting of any company, then your existing
GZ *LXP; &LTB PLT7Y GE¶LL H4> 3L$L &LL4UOX L *LLMP.; N*L¶LLTY &LTB ZL B" password is to be used.
vii.
¶LGO WL*L *L2-7; 7LC&L ¶LXUK H4B 3LLT VIQT GO Y QKLLTB EI vii If you are a first time user follow the steps given
WVR*LLZVLEKTB below:
17
.I&L47 *L WL4K )LL4G3LE *L &LTB LT¶LKÉLLKL EKVT PLZT For Members holding shares in Demat Form and Physical Form
MO-¶LLTBETGZ PAN Enter your 10 digit alpha-numeric *PAN issued by Income Tax
*L4V WL¶LEKGP)LLY^LKLULKIGE¶LLY¶LLW*LVLWBELTBEL :*L2L6¶LX&LTGKE*L4V Department (Applicable for both demat shareholders as well as
physical shareholders)
OU;EKTB .I&L47WL4K)LL4GSELT¶LKÉLLKEOLTVLTBETGZ ZLYX
q Members who have not updated their PAN with the Bank/
q MO-¶LGU6HLTBVTEB*LVI!G.JL8GU7KIMH)LLYIETML'L!W*LVL*L4V Depository Participant are requested to use the first two
W]3LVVHIBGE¶LLH4>MTWVRKLTÉLH4GE*L4V*L2I:.&LTBW*LVTVL&LET*LHZTOLT letters of their name and the 8 digits of the sequence
W\LKLTBWL4K¹&LMB<¶LLETWL#WBELTBELN*L¶LLTYEKTB" number in the PAN field.
q ¶LGO¹&LMB<¶LLWBELTBMTE&LH43LLTE4G*L7ZZ47M;FTBVL&LET q
In case the sequence number is less than 8 digits enter
the applicable number of 0’s before the number after the
*LHZTOLTW\LKLTBET$LLOZLYXMB<LOU;EKTB"
first two characters of the name in CAPITAL letters. Eg.
NOLHKL-P*L¶LGO¹&LMB<¶LLETML'LWL*LELVL&LK&LTLER&LLKH43LLT If your name is Ramesh Kumar with sequence number 1
*L4V*L2I:.&LTBRAOU;EKTB" then enter RA00000001 in the PAN field.
DOB Enter the Date of Birth as recorded in your demat account or in
U6&LG3LG'L W*LVT.I&L47<LL3LT¶LLEG'L3L<LL3LT¶LL*L2LTGZ¶LLTETGZ the Bank records for the said demat account or folio in dd/mm/
EB*LVIGKEL.;&LTBOU;U6&LG3LG'LGOV!&LLH!PL;ETÈL*L&LTBOU;EKTB" yyyy format.
ZL)LLBL W*LVT.I&L47<LL3LT¶LLEG'L3L<LL3LT¶LL*L2LTGZ¶LLTETGZ EB*LVIGKEL.;&LTBOU; Divi- Enter the Dividend Bank Details as recorded in your demat
$L4BE$¶LL4KL ZL)LLBL$L4BE$¶LL4KLOU;EKTB" dend account or in the Bank records for the said demat account or folio.
q ²*L¶LLZL8GYVEKVTETGZ U6&LG3LG'L¶LLZL)LLBL$L4BE$¶LL4KL Bank q Please enter the DOB or Dividend Bank Details in order
Details to login. If the details are not recorded with the depository
OU;EKTB"¶LGO$¶LL4KLEB*LVI¶LLG.*LL8GU7KIETML'LOU;VHIBH4>²*L¶LL or Bank please enter the member id / folio number in the
G.GP.TB.$L4BEG.7T:M*L2I:.&LTBMO-¶LWLC;.I!*L2LTGZ¶LLTMB<¶LLOU;EKTB" Dividend Bank details field.
viiiCV$¶LL4KLTB ELT NGQ3LÈELKMT OU; EKVT ET $LLO> SUBMIT 7TD viii After entering these details appropriately, click on
*LKG%ZEEKTB" “SUBMIT” tab.
ix
)LL4G3LE *L &LTB LT¶LK ÉLLKL EKVT PLZT MO-¶L MIÉLT EB*LVI ix Members holding shares in physical form will
MZT%LV-¹IV*LKUL BYTB3L'LLG*L.I&L47*L&LTBLT¶LKÉLLKLEKVT then reach directly the Company selection screen.
PLZTMO-¶L*LLMP.;G¹ LVGPE:*L&LTBUL BYTBGUM&LTBNVMTV However, members holding shares in demat form
will now reach ‘Password Creation’ menu wherein
*LLMP.; *L2I:.&LTB W*LVLZL8GYV*LLMP.; WGVPL¶L; *LMT OU;
they are required to mandatorily enter their login
EKVLW*LTG\L3LH4"²*L¶LLVLT7EKTBGECM*LLMP.;ELN*L¶LLTY password in the new password field. Kindly note that
GEMIW6¶LEB*LVIETMBE:*LLTBJKPLT7YHT3LR.I&L47LTKÉLLKELTB this password is to be also used by the demat holders
^LKLGE¶LLULVLH4>GUM*LKPT PLT7YET GZ *LLLH4 $LL3LT; for voting for resolutions of any other company
EB*LVIMI.I M Z*ZT7*L2L&L;ET&LLÉ¶L&LMTC;PLT7YQRVTB"¶LH on which they are eligible to vote, provided that
company opts for e-voting through CDSL platform. It
OA3LL*LXP;EMRLPGO¶LLUL3LLH4GEGEMI)LIW6¶L0¶LG%SET is strongly recommended not to share your password
ML'LW*LVL*LLMP.;MLLVEKTBWL4KW*LVT*LLMP.;ELTYLT*LVI¶L with any other person and take utmost care to keep
DVLTK<LVT&LTBMLPÉLLVI$LK3LTB" your password confidential.
x
)LL4G3LE*L&LTLT¶LKÉLLKLEKVTPLZTMO-¶LLTBETGZ >$¶LL4KTEL
x For Members holding shares in physical form, the
N*L¶LLTYCMVLTG7M&LTB GO Y MBE:*L*LKC;PLT7YET GZ
details can be used only for e-voting on the resolutions
GE¶LLULME3LLH4" contained in this Notice.
xi
*LBUL$LV4LVZ$L4BEET GZ EVSN*LKG%ZEEKTB GUM*LK
WLJVTPLT7EKVTETGZ QRVLH4B" xi. Click on the relevant EVSN for Punjab National Bank
on which you choose to vote.
xii
PLT7Y *LTU *LK> WL*LELT 'RESOLUTION DESCRIPTION'
GO<LTYL WL4K CMI ET GP PLTG7BY ET GZ ?YES/NO xii On the voting page, you will see “RESOLUTION
GPE:*L GO<LTYL" WJVI C1/LVRMLK YES W'LPL NO GPE:*L DESCRIPTION” and against the same the option
"YES/NO" for voting. Select the option YES or NO
QRVTB"GPE:J Yes ELSL3J; H4 GEWL*LMBE:*LET M&L'L;V as desired. The option YES implies that you assent
&LTB H4 WL4KGPE:*L NOEL3LL3*L¶L; H4 GEWL*LMBE:*LET to the Resolution and option NO implies that you
GPH4"LTKÉLLKEGVOTLEETQRVLPHTSRMBE:JETMBDB dissent to the Resolution. In respect of the resolution
FTB> WZY EVSN MAGUS EI YI H4" E7 for election of shareholder director, separate EVSN
is created. Shareholders holding Shares as on
WL8J2GSG'L
ELTLTKÉLLGKSEKVTPLZTLTKÉLLKE>LTKÉLLKE
22/05/2015 (cutoff date) are eligible to cast their
GVOTLEETQRVLPETGZ WJVLPLT7EKVTHTSRJLLH4B"PLT7 vote for election of Shareholder Director. For casting
EKVTETGZ >WLJMTWVRKLTÉLH4GEMBDBGSEVSNJKG%ZE vote, you are requested click on the relevant EVSN
EKTB" SD WLJ MIÉLT PLTG7BY JTU JK JHRBQTBYT" PLTG7BY JTU JK and you will then be directed to voting page. On
WLJELT JLLN&FIOPLKLTB ET VLFGO<LLIOTBYT"WLJMT WJTG\LS the voting page you will see the names of eligible
18
okf"kZd fjiksVZ
H4 GE EN&FIOPLKGUMET J\LFTB WLJPLT7EKVLQLHST candidates. You are required to mark your preference
H4B ET VLFET JHZT WJVIPKISLGQG6HSEKTB"H EVSN before the name of one candidate in whose favour
you want to cast your vote. This EVSN will be visible
ETPZ NV LTKÉLLKELTB ELT GO<LLC; OTYL ULT ELT to only those Shareholders who hold shares as on
LTKÉLLGKSEKSTH4B" 22/05/2015.
xiii ¶LGOWL*LMB*LXL;MBE:*L$¶LL4KLOT<LVLQLH3LTH4B3LLT??RESOLUTION xiii Click on the “RESOLUTIONS FILE LINK” if you wish
FILE LINK*LKG%ZEEKTB" to view the entire Resolution details.
xiv MBE:*LQ¶LVET *L1LL3L_ WL*LVT NM*LKPLT7EKVT ELGVL;¶L xiv After selecting the resolution you have decided to vote
GZ¶LL> SUBMIT*LK G%ZE EKTB" *LRGr $LL%M ÈOL3L HLTYL" on, click on “SUBMIT”. A confirmation box will be
¶LGOWL*LW*LVLPLT7MRGVG1L3LEKVLQLH3LTH4B>OK*LKG%ZE displayed. If you wish to confirm your vote, click on
“OK”, else to change your vote, click on “CANCEL”
EKTBZTGEVPLT7$LOZVTETGZ CANCEL *LKG%ZEEKTBWL4K and accordingly modify your vote.
3LOVRMLKW*LVLPLT7$LOZTB"
xv E$LLKWL*LVTMBE:*L*LKW*LVLPLT7COMFIRMEKGO¶LL3LLT xv Once you “CONFIRM” your vote on the resolution,
WL*LELTW*LVLPLT7$LOZVTEIWVR&LG3LVHIBHLTYI" you will not be allowed to modify your vote.
xvi WL*LPLT7Y*LTU*LKClick here to printGPE:*L*LKG%ZEEKET xvi You can also take print out of the voting done by you
-P¶LB^LKLEIY¶LIPLT7YELÈ7WLN7)LIZTME3LTH4B" by clicking on “Click here to print” option on the
Voting page.
xvii ¶LGO.I&L47<LL3LLÉLLKE*LGKP3L3L*LLMP.; )LXZY¶LLH4 3L$L¶LXUK
xvii If Demat account holder has forgotten the changed
WLC;.I WL4K C&LTU M3¶LL*LV ELT. OU; EKT WL4K FORGOT password then Enter the User ID and the image
PASSWORD *LKG%ZEEKT B WL4KGM-7&L^LKL3L4¶LLKGE¶LLY¶LL verification code and click on Forgot Password &
$¶LL4KLOU;EKT"B enter the details as prompted by the system.
xviii Y4KP4¶LG%SELT¶LKÉLLKELTB PBE-7LTG.¶L6METGZ VLT7 xviii Note for Non-Individual Shareholders &
Custodians:
q Y 4KP4¶LG%SELT¶LKÉLLKE W'LL;3L_0¶LG%S¶LLTB> Q¶LX *L2> VWLKWLC;
WLGO MT G)L£
WL4K E-7LTG.¶LV MT W*LTG\L3L H4 GE www. q Non-Individual shareholders (i.e. other than Individuals,
evotingindia.com *LKZL8GYVEKTBWL4K-P¶LBELTELK*LLTKT7MET HUF, NRI etc.) and Custodian are required to log on to
https://www.evotingindia.com and register themselves as
*L&LTB*LBUI²3LEKTB" Corporates.
q N *L¹&LEL-7L&*LWL4KH-3LL\LKMGH3L*LBUIEKL*L2L&L;EI-E4V
q A scanned copy of the Registration Form bearing the stamp
EL*LI helpdesk.evoting@cdslindia.com- ELT &LTZ EKVL and sign of the entity should be emailed to helpdesk.
QLGH " evoting@cdslindia.com.
q ZL8GYV $¶LL4KL ÈL*3L HLTVT ET $LLO E&*ZL BM ¶LXUK q After receiving the login details a compliance user should
^LKLN*L¶LLTYEIULVTPLZI .G&LVZLGYVWL4K*LLMP.;MAGU3L be created using the admin log-in & password. The
EKVLQLGH !E&*ZL BM¶LXUK<LL3LL 3LLTB
GUMET GZ PT PLT7 compliance user would be able to link the account(s) for
EKVTETC1/REH4BELTZEEKVT&LTBM\L&LHLTYL" which they wish to vote on.
q <LL3LLTB EI MXQI helpdesk.evoting@cdslindia.com ELT &LTZ q The list of accounts should be mailed to helpdesk.evoting@
EIULVIQLGH WL4K<LL3LLTBETWVR&LLTOV*LKPTW*LVLPLT7OTVT cdslindia.com and on approval of the accounts they would
ETGZ M\L&LHLTBYTB" be able to cast their vote.
q N6HTB $LLT.; MBE:*LWL4K*LLPKWL*L2 7LVI; *LIWLT
EI-E4V q A scanned copy of the Board Resolution and Power of
ÈG3LW*LZLT.EKVIQLGH GUMT N6HLTBVT E-7LTG.¶LVET *L\L&LTB Attorney (POA) which they have issued in favour of the
ULKIGE¶LLH4>¶LGOELTC;H4>CMTM3¶LLG*L3LEKVTETGZ MBPI\LE Custodian, if any, should be uploaded in PDF format in the
HT3LRGM-7&L&LTB*LI.I *L2ÈL*L&LTBW*LZLT.GE¶LLULVLQLGH " system for the scrutinizer to verify the same.
VI. C;PLT7YMTMB$LBGÉL3LGEMI*LX/3LL/¶LL&LL&LZTETGZ >WL*LW%MK VI. In case you have any queries or issues regarding e-voting,
you may refer the Frequently Asked Questions (“FAQs”)
*LX/T ULVTPLZTÈV FAQs
WL4K help sectionETWB3LY;3L www.
and e-voting manual available at www.evotingindia.com
evotingindia.com JKN*LZ$ÉLC;PLT7Y&L4VW R ZOT<LME3LTH4B ¶LL under help section or write an email to helpdesk.evoting@
helpdesk.evotingindia.com*LK&LTZGZ<LME3LTH4"B C;PLTG7BY cdslindia.com. The contact details of official for e-voting
ETGZ WGÉLELKIELMBJE;$L4KLGV&VPSH4" are as follows:
VLF+IPTVMTMZL8MJ2RK7L.LT Name – Mr. Wenceslaus Furtado
JOVLFNJJ[D B E Designation – Deputy Manager
JSLM47B Z G.JL8GU7KIMGP;MU T )LLKS
GZGF7T. Address – Central Depository Services (India) Ltd.
C;FZT WLC;.Ihelpdesk.evoting@cdslindia.com Email-ID – helpdesk.evoting@cdslindia.com
J2LTVVB18002005533 Phone no. - 18002005533
19
vii¶LGO WL*L MI.I M Z ET ML'L C;PLT7Y ET GZ *LHZT HI VII. If you are already registered with CDSL for e-voting earlier
*LBUI²3LH4B 3L$LWL*L&L3LOLVET GZ W*LVT &LL4UXOL¶LXUKWLC;.I then you can use your existing user ID and password/PIN
WL4K*LLMP.;!G*LVELN*L¶LLTYEKME3LTH4B" for casting your vote.
viiiWL*L*L2LTGZ¶LLTET¶LXUKÈLT*L2LCZ&LTBW*LVL&LLT$LLCZVBWL4KC;&LTZ VIII. You can also update your mobile number and e-mail id
in the user profile details of the folio which may be used
WLC;.I)LIW]3LVEKME3LTH4BGUMELN*L¶LLTY)LGP¶L&LTBGE¶LT
for sending future communication(s).
ULVTPLZT*LLLQLKLTBETGZ GE¶LLULME3LLH4"
IX. The Voting Rights of the members shall be in proportion to
ix MO-LTB ET PLTG7BYWGÉLELK UTB.LFOMB<LWL4KET GZ
their share of the paid up Equity share capital of the Bank
E7WL8J2GSG'LS'LL UTB.LFOMBETGZ as on cut off date of 23/06/2015 for agenda item number
ELT D4BEEIQRESLCG%P7ILTKJXBUIET NVET LTK 1 & 2 and 22/05/2015 for agenda item number 3.
ETWVRJLSFTBHLTBYT"
X. Any person who acquires the shares of the Bank and become
x ELTC; 0G%SGUMVT UI FVLTG7MG.-J4QHLTVT ET DLOEBJVIET member of the Bank, after dispatch of the notice of AGM
LTKWGU;SGE H4B WL4KEBJVIELMO-DVLH4WL4KE7WL8J2 and holding shares as on cut-off date i.e. 23.06.2015, may
GSG'LW'LL;S_ ELTLTKÉLLGKSEKSLH4>evoting@cdsl. obtain the login ID and password by sending a request at
co.inLWLK7I JKWVRKLTÉL)LTUEKZL8GYVWLC;.IWL4KJLMP.; evoting@cdsl.co.in or RTA. However, if you are already
registered with CDSL for remote e-voting then you can use
J[L*SEKMESLH4"S'LLGJ>GOWLJJHZTHIGKFLT7C;PLTG7BYET
your existing user ID and password for casting your vote. If
GZ MI.I M ZET ML'LJBUIEASH4 SDWLJWJVLPLT7EKVT you forget your password, you can reset your password by
ET GZ WJVT FL4UOX LXUKWLC;.IWL4KJLMP.; ELNJLTYEK using “ Forget user Details/ password” option available on
MESH4"B GOWLJWJVLJLMP.; )LXZYT H4B SLT WLJ www. www.evotingindia.com or contact CDSL at the following
evotingindia.comJKNJZ$GPE:J“ Forget user Details/ toll free no.: 18002005533.
password” ELNJLTYEKWJVLJLMP.;GKMT7EKMESTH4B L XI. A person whose name is recorded in the register
MI.I ZEL7LTZJ[2IVB18002005533 JKMBJE;EKMESTH4"B of members or in the register of beneficial owners
xi
E0G%SGUMELVLFE7WLJ2GSG'LELTMO-LG.JL8GU7KI maintained by the depositories as on the cut-off date only
^LKLDVL YT ZL)LL'LI; KGU-7KFTB OU; H4>ETPZPHI0G%S shall be entitled to avail the facility of remote e-voting
as well as voting in the Annual General Meeting through
FSJL^LKLPLGL;EWLFD4#EFTB PLTG7BYET ML'LML'LGKFLT7 ballot paper.
C;PLTG7BYEIMRGPÉLLJ[L*SEKVTELJLLHLTYL"
XII. Ms. Ashu Gupta, Practising Company Secretary
xii
MR+IWLLRYR*3LL>F4WLLRYR*3LL B.EB*LVI C;&LTZWLC;.Iagc.
(Membership No. F4123, CP No. 6646) of M/s Ashu Gupta
scrutinizer@gmail.com
FTB EL¶L;K3LEB*LVIMGQP MO-¶L3LL & Co. (email ID – agc.scrutinizer@gmail.com) has been
MB *L2>MI*LIVB
ELT$L4BE^LKLGV*L\LWL4K*LLKOLI; appointed as the Scrutinizer by the Bank to scrutinize the
3LKIETMTC;PLT7YÈG¹¶LLEIMBPI\LLEKVTETGZ MBPI\LEET e-voting process in a fair and transparent manner.
*L&LTBGV¶LR%SGE¶LLY¶LLH4" XIII. The Chairman shall, at the Annual General Meeting,
XIII. WÉ¶L\LNVMO-LTB ELT ULT PLGL;EWLFD4#EFT NJG-'LSH4B at the end of discussion on the Resolutions on which
ZTGEVGKFLT7C;PLT7YMRGPÉLLJ[L*SEKWJVLPLT7VHIGEL voting is to be held, allow voting , with the assistance of
H4>FSJLLFSOLVJLELNJLTYEKMBPI\LEEIMHLSL scrutinizer, by use of “ballot paper” or “polling paper” for
all those members who are present at the annual general
MTMBE:JLTBGUMJKPLTG7BYEIULVIH4JKQQL;ETDLOPLGL;E
meeting but have not cast their votes by availing the
WLFD4#EFTBPLTG7BYEIWVRFGSOTYL" remote e-voting facility.
XIV. MBPI\LE>PLGL;EWL&L$L4#EFTB PLTG7BYEIMFLG*SET JQLS_
XIV. The Scrutinizer shall after the conclusion of voting at
MDMTJHZTD4#EFTBGE Y PLT7LTBTEIGYVSIEKTYLWL4KNMET the AGM, will first count the votes cast at the meeting
JQLS
ML\¶LLTB>ULT$L4BEETGV¶LLTUV&LTBVHLTB>EIN*LG-'LG3L and thereafter unblock the votes cast through remote
&LTBGKFLT7C;PLTG7BYETFLÉFMT.LZTY ERZPLT7LTBELTWV$ZL8E e-voting in the presence of at least two witnesses, not
EKTYLWL4KHJ[G¹L UI FEIMFLG*SETSIVGOVLTBET)LISK in the employment of the Bank and shall make not later
EIULTYI"WÉ\LLNMET^LKLGZG<LSFTBWGÉL²3L0¶LG%S>ULT than three days of conclusion of the AGM a consolidated
scrutinizer's report of the total votes cast in favour or
CMT J[GSH-SL\LGKSEKTYLWL4KPLTG7BYET SRKBSDLOJGKLLFLTB EI
against, if any, to the Chairman or a person authorized
LLTLLLEKTYL>ELT*L\L¶LLGP*L\L&LTB.LZTY¶LTPLT7EI¶LGOELTC; by him in writing who shall countersign the same and
HLT>MFTGESMBPI\LEGK*LLT7;È-3LR3LEKTYL" declare the result of voting forthwith.
XV. MBPI\LE GK*LLT7; ET ML'L *LGKLL&LLTB EI LLTLLL> $L4E
B EI PT$LMLC7 XV. The Results along with the Scrutinizer’s Report shall be
www.pnbindia.in *LKEIUL YIWL4KMI.I M ZEIPT$LMLC7*LK placed on the Bank’s website www.pnbindia.in and on
$L4E
B EIC;UI &L&LTB MBE:*L*LLGK3LHLTVT ETOLTGOVLTB ET)LI3LKN*LZ$ÉL the website of CDSL within three days from the AGM of
EKLOIUL¶LTYIWL4K-7L8E %MQTU B ELTMXGQ3LEKGO¶LLUL YL" the Bank and communicated to the Stock Exchanges.
20
okf"kZd fjiksVZ
NV0¶LG%SLTBETGZ GU6HLTBVTW*LVLC;PLT7VHIBGE¶LLH4NVETGZ Poll Process on 30.06.2015 (AGM date) for those who
GOVLBE C;UI &LG3LG'L
ELTQRVLPÈG¹¶LL have not cast their remote e-vote.
q The voting for the proposed resolutions will be by Poll
q È-3LLGP3LMBE:*LLTBETGZ PLT7YYR*3L&L3LOLV^LKLEIUL¶LTYI" through Secret Ballot.
q CMMB$LBÉL&LTB WÉ¶L\L^LKL LLTLLLEKVT ET 3LRKB3L$LLO&L3LOLVHLTBYT q The polling will commence immediately after an
WL4K$LUT3LEULKIKHTBYTB" announcement in this regard is made by the Chairman and
continue up to 1.00 p.m.
q *LBUIEKLETM&L¶LULKI&L3L*LL*LLMETW)¶L*L;L*LKLT¶LKÉLLKELTB! q Ballot Papers shall be issued at the Counters set up for this
ÈL%MIÉLLKELTB!WGÉL²3L ÈG3LGVGÉL¶LLTB ELT CM NÎT¶L MT -'LLG*L3L purpose to the shareholders / proxy holders / authorized
ELNB7KLTB*LK&L3LOLVULKIGE UL BYTB" representatives on surrender of Ballot Paper Pass issued at
the time of registration.
q LT¶LKÉLLKE UT.LFOMB<LETGZ &L3L*LL&LTBWJVIJM6OET q Shareholders may exercise their right by affixing a rubber
EN&&LIOPLKETVLFETMLFVTK$L.-7L&*L X
ZYLEKW*LVT stamp (X) against the name of one candidate of their choice
WGÉLELKELÈ¶LLTYEKME3LLH4 WL4K UT.LFOMB<LWL4K in the Ballot Paper for agenda item no. 3 and against ‘Yes’
ETGZ YESW'LPLNOETMLFVT>U4MINMEIC1/LHLTWL4K or ‘No’, as desired by them, for agenda items no. 1 & 2 and
N6HTB&L3L*LL*LTG7EL&LTB.LZME3LLH4" deposit them in the Ballot Box (es).
9. ATTENDANCE SLIP - CUM - ENTRY PASS- CUM-BALLOT
N*LG-'LG3L*LQI;3L'LLÈPTL*LLM PAPER PASS
LT¶LKÉLLKELTB EIMRGPÉLLET GZ N*LG-'LG3L*LQI; MHÈPTL*LLMCM For the convenience of the shareholders, Attendance Slip-cum-
PLLE GK*LLT7; ET ML'L MBZ9V H4" LT¶LKÉLLKELTB!ÈL8%MIÉLLKELTB!ÈLGÉL²3L Entry Pass-cum-Ballot Paper Pass is annexed to this Notice.
Shareholders/Proxy holders/Authorized Representatives are
ÈG3LGVGÉL¶LLTB MT WVRKLTÉLH4 GEPT N*LG-'LG3L*LQI; MHÈPTL*LLM&LTB
requested to fill in and affix their signatures at the space
NGQ3L-'LLV*LKW*LVT H-3LL\LKEKTB 3L'LLPLLEWL&L$L4#E&LTB CMT provided therein and surrender the same at the venue of the
MR*LRO;EKTB"ÈL8%MI!LTKLKELTBETJ[LG²SJ[GSGVG^LKLNJG-'LGSJQI; meeting. Proxy/ Authorized Representative of shareholders
MHJ[PTLJLMJK?ÈL8%MIL?J[LG²S'LLG-'LGS-J7EIULVI should state on the Attendance Slip-cum-Entry Pass as
QLGH "FSJLJLMPLZL)LLYQRVLPETMFFSJLJ[L*SEKVTET “Proxy” or “Authorized Representative” as the case may be.
The portion of Ballot Paper Pass shall be surrendered to obtain
GZ ML4BJGOLUL YL" Ballot Paper at the time of Poll.
NJR;%SET WÉIVGPGVFET WVRMLKJ[3TELTKLKEULT
Subject to the above, as per Regulation 68, each shareholder
E7WL8J2GSG'LELTLTKLKEETJFTBJBUI²SH4>LGKSJ[3TE who has been registered as a shareholder on the Cut-off Date
LTKETGZ EPLT7EKTYL!EKTYI" shall have one vote for each share held by him/her.
GVOTLEFB.ZETWLOTLLVRMLK By order of the Board of Directors

²3LT*LBUL$LV4LVZ$L4BE for PUNJAB NATIONAL BANK
Place: NEW DELHI (Gauri Shankar)
GOVLBE12/05/2015 EL¶L;*LLZEGVOTLE Date: 12/05/2015 Executive Director
21
GVOTLEGKJLT7;
Directors' Report
22
okf"kZd fjiksVZ
KEY FINANCIAL POSITION
23
24
okf"kZd fjiksVZ
BUSINESS PRODUCTIVITY
SHAREHOLDING PATTERN (%) ( As on 31st March ’15)
RATIOS
25
J[YGS EVUKFTB
PROGRESS AT A GLANCE
dddjk` EKLT.
` crore
¹MB J4KLFI7K J2PLC;'10 J2PLC;'11 J2PLC;'12 J2PLC;'13 J2PLC;'14 J2PLC;'15
S. No PARAMETERS FY'10 FY'11 FY'12 FY’13 FY’14 FY’15
1 LTKJXBUI
Share Capital 315 317 339 353 362 371
2 WLKG\LSGVGÉLL
Reserves 17408 21192 27476 32323 35533 38709
3 UFLKLGLLB
Deposits 249330 312899 379588 391560 451397 501379
4 WGY[F
Advances 186601 242107 293775 308796 349269 380534
5 ERZELKLTDLK
Total Business 435931 555005 673363 700356 800666 881913
6 ERZJGKM&JGºLLB
Total Assets 296633 378325 458194 478948 550420 603334
7 GVPTL
Investment 77724 95162 122703 129896 143786 151282
8 ERZLL<LL B* MB<L
Total Branches*( Number) 5002 5189 5670 5874 6201 6560

9 7I FVT7PE; MB<L
ATM Network ( Number) 3544 5050 6009 6313 6940 8348

10 JGKQLZVZL)L
Operating Profit 7326 9056 10614 10907 11384 11955
11 ERZJ[LPÉLLV
Total Provisions 3421 4622 5730 6160 8042 8893
12 LRZL)L
Net Profit 3905 4433 4884 4748 3343 3062
13 ELKLTDLK/EF;QLKI ZL<L`
Business/Employee (Rs lakh) 808 1018 1132 1165 1283 1319

14 ZL)L/EF;QLKI ZL<L`
Profit/Employee (Rs lakh) 7.31 8.35 8.42 8.06 5.49 4.85

15 LUFLWVRJLS(%)
Credit-Deposit Ratio (%) 74.84 77.38 77.39 78.86 77.38 75.90
16 UFLKLGLLTBEIZLYS(%)
Cost of Deposit (%) 5.38 5.24 6.59 6.82 6.33 6.09
17 WGY[FLTBJKWL
Yield on Advances (%) 10.36 10.58 11.67 11.06 10.36 9.88
18 GVPTLJKJ[LG*S(%)
Yield on Investment (%) 6.73 7.05 7.57 7.89 7.85 7.99
19 LR$LUFLGU;V(%)
Net Interest Margin (%) 3.57 3.96 3.84 3.52 3.44 3.15
20 JGKM&JGºLLTBJKJ[GSJ2Z(%)
Return on Assets (%) 1.44 1.34 1.19 1.00 0.64 0.53
21 ZLYSWLWVRJLS(%)
Cost to Income Ratio (%) 39.39 41.27 39.75 42.81 45.06 46.74
22 MEZ VJI (%)
Gross NPAs (%) 1.71 1.79 2.93 4.27 5.25 6.55
23 LR VJI (%)
Net NPAs (%) 0.53 0.85 1.52 2.35 2.85 4.06
24 JXBUIJL;*SSLWVRJLS DTMZIII)(%)
Capital Adequacy Ratio (Basel III) (%) - - - - 11.52 12.21
25 ZL)LBLL
Dividend (%) 220 220 220 270 100 165
* E %M7TBLVELNB7KMGHS LKTZXLL<LL B
* Domestic Branches including one Extension Counter
26
okf"kZd fjiksVZ
GVOTLEGK*LLT7; DIRECTORS’ REPORT 2014-15

The Financial year 2015 was a challenging year for Punjab
GPºLI¶LPL;*LBUL$LV4LVZ$L4BEETGZ ELJ2IQRVL43LI*LXL;KHL"
National Bank. Amid the challenges, your Bank made
CVQRVL4G3L¶LLTBET$LIQ)LIWL*LET$L4BEVTN:ZTvVI¶LN*LZG$ÉL¶LLBWU3L significant achievements and aligned its business strategy to the
EIBWL4KW*LVTELKLT$LLKIKLVIG3LELTKLrET$LAH3LWL'LE*LGKOA¶LET macroeconomic scenario of the country. The core strategy of the
WVR*L$LVL KvL"OT¶L3LL*L\L*LKE&LZLY3LU&LLKLGL¶LLUR7LVT3L'LL Bank was ‘Profitable Growth from the grass-roots’ by garnering
WLG-3L*L\L*LKYRLL3&LELN*LZ$ÉLEKLVTETML'L$L4BEEI&LR<¶L low cost deposits on the liability side and extending qualitative
KLVIG3L?&LXZ)LX3L-3LKMT&LRVLJ2T&LTBPAG'LI"CMKLVIG3LETELKL> credit on the assets side. Due to this strategy, the Bank stands tall
$L4BE GPºLI¶L PL; ET OL4KLV LKTZX ELKLT$LLK> LKTZX U&LLKLGL¶LLTB> amongst its competitors in terms of Domestic Business, Domestic
Deposits, Domestic Advances, CASA Deposits and Operating
LKTZX WGY[&LLTB> ELML U&LLKLGL¶LLTB WL4K *LGKQLZV ZL)L ET &LL&LZT &LTB
Profit during FY’15.
W*LVTÈG3L^BGO¶LLTBMTWLYT$LVLKHL"
During FY’15, the Bank has crossed several milestones i.e.,
GPºLI¶L PL; ET OL4KLV> $L4BE VT ` ZLv EKLT. P4GPE
` 8.80 lakh crore Global Business, ` 6.00 lakh crore Global
ELKLT$LLK> `ZLvEKLT. P4GPEWLG-3L¶LLTB> `ZLvEKLT. Assets, ` 5 lakh crore Global Deposits, ` 1.80 lakh crore CASA
P4GPEU&LLKLGL¶LLTB>`ZLvEKLT.ELMLU&LLKLGL¶LLTB>`ZLv Deposits and ` 1 lakh crore Overseas Business. The Bank’s
EKLT.GPOTLIELKLT$LLKU4MTEC;EI3L&LLVLTBELT*LLKGE¶LL"&LLQ; Global Business reached close to ` 8.82 lakh crore as at end
ET WB3L&LTB $L4BEELP4GPEELKLT$LLKPLLEWLÉLLK*LKEI of March’15 reflecting a growth of 10.1% on yearly basis.
PAGOLL;3LTHR `ZLvEKLT.ETEKI$L*LHRBQL"$L4BEETWB3LKL;rI¶L The Bank’s International business crossed the landmark of `
1,00,000 crore and reached ` 1,00,785 crore while recording
ELKLT$LLKVT`>>EKLT.ET TG3LHLGME-3LKELT*LLKGE¶LLWL4K
a robust YoY growth of 37.2%. While the Global Deposits of
¶LH EI MROA PL;OKPL; PAG OU; EK3LT HR `>> the Bank at ` 5.01 lakh crore grew by 11.1%, Net Advances
EKLT.*LK*LHRBQL"&LLQ;ELT E3LKJ2UHL$L4BEEIP4GPE recorded growth of 9.0% to reach ` 3.81 lakh crore as on 31st
U&LLKLGL¶LLB $LEK `ZLvEKLT. HLT YC;>GVPZWGY[F March 2015.
EIPAGOU;EK3LTHR `ZLvEKLT.*LK*LHRQY "
ZL)LÈO3LL&LLVOB.LTB ET M6O)L; &LTB>$L4BEEL*LGKQLZVZL)L&LLQ; In terms of Bottom-line parameters, the Bank’s Operating Profit
ET `>EKLT. MT $LEK&LLQ; ELT `> increased from ` 11384 crore as at 31st March’14 to ` 11955 crore
as at 31st March’15. However due to higher provisions, the Net
EKLT.*LK*LHRQY¶LL"3L'LLG*L>WGÉLEÈLPÉLLVLTBETELKLGVPZZL)L
Profit stood at ` 3062 crore. In terms of key ratios, Net Interest
ÈKLT. KHL"&LH3P*LXL; WVR*LL3LLTB ET M6O)L; &LTB>&LLQ; &LTB
Margin at over 3% for the Financial Year ended March’15 remained
M&LL*3LGPºLI¶LPL; ET GZ MT WGÉLEELGVPZ$¶LLU&LLUV one of the highest amongst nationalized banks. Further, the CRAR
KLrI¶L²3L$L4BELTBETFÉMPLT;1Q&LTBMT EKHL"ML'LHI>*LK of the Bank at 12.21% stood above the stipulated level.
$L4BEELMIWLK WLKGVÉLL;GK3L-3LKMT¦*LKKHL"
To summarize, Financial Year 2014-15 was a year in which we
MB\LT*L&LTB>GPºLI¶LPL; E TMLPL;KHLGUM&LTBH&LVTW*LVT
focused on further strengthening our businesses, bottom line
ELKLT$LLK>ZL)LÈO3LL&LLVOB.LTB>VT7PE;>3LEVIEI\L&L3LLWLTBWL4KMBQLZV parameters, network, technological capabilities and operating
&LLVELTBELTWL4KWGÉLEMROAEKVT*LKÉ¶LLVETBGÇ3LGE¶LL"W*LVTÈ&LRv parameters. With continued improvements in its key financial
GPºLI¶L&LLVOB.LTB>GPLLZVT7PE;>PAHO_Y[LHEWLÉLLK3L'LLMROA*LXBUI parameters, vast network, large customer base and a healthy
G-'LG3L&LTBGVKB3LKMRÉLLKETML'L>$L4BEVTMROAGPELMEIÈLG*3LWL4K capital position, the Bank has created a platform for achieving and
CMET-'LLG¶L3PEL&LBQ3L4¶LLKEKGZ¶LLH4" sustaining robust growth in the future.
CM*LAs)LXG&L&LTB>WL*LETGVOTLEYLEI$L4BEEIPLLE In this backdrop, your Directors take pleasure in placing the Bank’s
GK*LLT7;> ZTvL*LKIG\L3L PLLE GPºLI¶L GPPKL ET ML'L> WL*LET M&L\L Annual Report for 2014-15 along with its audited annual financial
MHL;È-3LR3LEKKHTH4B" statements.
27
H&LLKLÈOL;V
OUR PERFORMANCE
GPºLI¶LGPGLr3LL
A. FINANCIAL HIGHLIGHTS
3LRZV*LL
A.1. BALANCE SHEET
(` EKLT.FTB/ ` crore)
GPPKL &LLQ; &LLQ; PAG (%)
Particulars 31st Mar’14 31st Mar’15 Growth (%)
ERZELKLTDLK
Total Business 800666 881913 10.1
UFLKLGLLB
Deposits 451397 501379 11.1
WGY[F
Advances 349269 380534 9.0
ZL)L
A.2. PROFIT
(` EKLT.FTB/ ` crore)
FLVOB. Mar'14 Mar’15 (%)
Parameters
JGKQLZVZL)L 11384 11955 5.0
Operating Profit
J[LPLV 8042 8893 10.6
Provisions
GVPZZL)L 3343 3062 -8.4
Net Profit
J[FR<LWVRJLS
A.3. KEY RATIOS
J[GSLS/ (%)
GPPKL
Particulars 2013-14 2014-15
GVGLTBEIZLYS
Cost of Funds 5.20 5.14
GVGLTBJKJ[GSJ2Z
Yield on Funds 8.31 8.00
CG%P7IJKJ[GSJ2Z
Return on Equity 9.69 8.12
GVPZ$LUFLGU;V
Net Interest Margin 3.44 3.15
WLG-SLTBJKJ[GSJ2Z
Return on Assets 0.64 0.53
ZLYSWLWVRJLS
Cost to Income Ratio 45.06 46.74
WL4MSEL;LIZGVGLTBEISRZVLFTBJGKQLZV0
Operating Expenses to Average Working Funds 1.79 1.81
WL4MSEL;LIZGVGLTBEISRZVLFTBJGKQLZVZL)L
Operating Profit to Average Working Funds 2.19 2.06
J[GSLTKWL `
*FTB
Earnings per share (Rs)* 18.78 16.91
J[GSLTKDHIFX: `
*FTB
Book value per share (Rs)* 190.50 203.24
J[LPLVEPKTUWVRJLS
Provision Coverage Ratio 59.07 58.21
MIWLK WLKD4MZIII
CRAR - Basel III 11.52 12.21
* GP)LLUVETDLOLTKELWBGESFX:` 2 H4
* Face Value of share after splitting is ` 2/-
28
okf"kZd fjiksVZ
$LI*LGKQLZVGPLTL3LL B B. OPERATIONAL HIGHLIGHTS

q *LTBLVGP3LKL&LTBO\L3LLZLVTEIGOLL&LTB$L4BEVTG.GU7ZUIPV q Towards bringing efficiency in pension disbursement, the
Bank introduced a new facility i.e. Digital life certificate.
È&LLL*LLVL&LE EV N3*LLOELWLKB)LGE¶LL"ML'LHI>$L4BE Further, the Bank started working in coordination with
VT C;*LI*LIWLT CZT%7L8GVE *LTBLV )LRY3LLV WLOTL
ET ÈL¶LLTGYE the Government to be in pilot run of e-PPOs (Electronic
MBQLZV&LTBMKELKETML'LM&L6P¶L&LTBEL¶L;EKVLWLKB)LGE¶LL" Pension Payment Orders). In order to avoid delay
in submission of Life Certificates by Pensioners in
ÈG3LPL; VPB$LK &LTB *LTBLVKLTB ^LKL UIPV È&LLL*LL È-3LR3L EKVT &LTB November every year, the Bank initiated the process
GPZ&$LMT $LQVT ET ¹&L&LTB $L4BEVT UIPVÈ&LLL*LLÈ-3LR3LEKVT of sending SMS reminders to pensioners to submit Life
ETGZ *LTBLVKLTBELT M &L MGK&LLCB.K)LTUVTEIÈG¹¶LLLREI Certificate and taking lead in developing life certificate
WL4KUIPVÈ&LLL*LL¶LLTUVLWLTBETGPELM&LTBWY[LI$LVL" schemes.
q A new system driven Preventive Monitoring System (Early
q GL¶LLTB EI GPºLI¶L G-'LG3L EI GVYKLVI WL4K V*LI EI E&LI Warning) was operationalised in the Bank w.e.f. July
KLTE'LL&LETGZ M&L¶L*LKELK;PLC;EKVTHT3LRURZLC;MT$L4BE 2014 for better monitoring of borrowers’ financial health
&LTB VC; GM-7&LMBQLGZ3LGVPLKEGVYKLVIÈLLZI *LXP; QT3LLPVI
and taking timely action for reduction/containment of
ELTZLYXGE¶LLY¶LL" NPAs.
q $L4BE L ULTGv&L HT3LR WLB3LGKE KT7Y WLÉLLGK3L VIBP OAGrELTL q The Bank was under parallel run for adoption of Foundation
*L2WLC;WLK$LI
3L'LL*LGKQLZVULTGv&LHT3LR &LLVEI²3LOAGrELTL Internal Rating Based Approach (FIRB) for Credit Risk
and The Standardized Approach (TSA) for Operational
7I M
ELTW*LVLVTETGZ M&LLVLB3LKMBQLZV&LTB'LL"$L4BEVT
Risk. The Bank also submitted formal Letter of Intent for
*LGKQLZVULTGv&LHT3LRN£3L&LL*LVOAGrELTL &L
3L'LL$LLULK adoption of Advanced Measurement Approach (AMA) for
ULTGv&LHT3LRWLB3LGKE&LL8.ZOAGrELTL WLC; &L
ELTW*LVLVTET Operational Risk and Internal Models Approach (IMA) for
GZ WLL¶L*LL)LIÈ-3LR3LGE¶LLH4" Market risk.
q $L4BEVTER/È&LRvLHKLTBELTÈYG3LLHKET*L&LTBVLG&L3LEKVT q The Bank initiated the concept of designating certain
EIWPÉLLKLLELWLKB)LGE¶LLGUV&LTBM&L-3LLLvL BÈYG3L&LL8.Z major cities as Pragati cities where all branches were
ET3LH3LvLTZIYC;B"P3L;&LLV&LTB3LIVLHKLTB>¶L'LL)LLT*LLZ>VLT .LWL4K opened under Pragati Model. Presently three cities
namely Bhopal, Noida and Patiala have attained Pragati
*LG7¶LLZLELTÈYG3LLHKELOUL;ÈL*3LH4" City status.
q G.GU7ZIEKLEIGOLL&LTB WLYT $L3LT HR $L4BEVT .TG$L7EL.; q Moving towards digitalization, the Bank developed
ET N*L¶LLTY *LK WU3L GE ULVT PLZT EL.; ZL8¶L:7I WBELTB ET another platform for redemption of card loyalty points
ÈG3LOLVHT3LR?*LI V$LIGKPL._M;&LLT$LLCZ **LVL&LE EV &LBQ earned on usage of debit cards known as “PNB Rewardz
ELGPELMGE¶LL"CM&LLT$LLCZ G*ZETLVEIMHL¶L3LLMT>Y[LHE Mobile App”. With the help of this Mobile App,
*LI V$LIGKPL._M; ET GZ KGU-7KEKME3LT H4B>W*LVT GKPL._M; customers can register for PNB Rewards, check their
reward points, redeem online and get alerts for deals &
WBELTBEIULBQEKME3LTH4B>CVELTWL8VZLCVGK.I&LEKME3LT discounts.
H4B3L'LL.I:MWL4K/X7LTBETGZ WZ7;EKME3LTH4B" q The Bank put in place a proper marketing structure and
q V¶LL ELKLT$LLK WU3L EKVT ET GZ $L4BE VT ?J2I7 WL8V -7I7 separate vertical based on “Feet on Street” concept to
WPÉLLKLLETWLÉLLK*LK EN*L¶LR%SGP*LLVMBKQVL3L'LL*LA'LE acquire fresh business. This would facilitate the effective
P7I;EZELT-'LLG*L3LGE¶LL"CMMT$L4BEETN3*LLOLTBETÈ)LLPLLZI publicity of products of the Bank.
ÈQLK&LTBMRGPÉLLHLTYI"
MIZL)LLBL C. DIVIDEND
&LC;ELTHRC;W*LVI$L4#E&LTBGVOTLE&LB.ZVTGPºLI¶LPL; The Board of Directors in its meeting held on 8th May 2015
ET GZ `ÈG3LCG%P7ILT¶LK*LK ` ULTGEH4
recommended dividend of ` 3.30 per equity share of ` 2 each
(i.e. 165%) for FY’15.
ETWB3LGK&LZL)LLBLEI LLTLLLEI"
.IELKLT$LLKWPZLTEV D. BUSINESS OVERVIEW
ELKLT$LLK 1. Business
&LLQ;ETWB3L&LTB$L4BEELERZELKLT$LLKÈKLT.EILR The Bank’s total business reached ` 8,81,913 crore at the end
PAG PB EI PL;OKPL; PAG OU; EK3LT HR `>> of March’15, registering an absolute increase of ` 81247 crore
EKLT.SE*LHRQYL"PL;ETOL4KLV$L4BEELGPOTLIELKLT$LLK and a YoY growth of 10.1%. The Bank’s Overseas Business
$LEK`ZLvEKLT.ET TG3LHLGME-3LKELT*LLKEKY¶LL"&LLQ; grew by 37.2% during the year, crossing ` 1 lakh crore
milestone. The share of Overseas Business in Global Business
ELTP4GPEELKLT$LLK&LTBGPOTLIELKLT$LLKEIGH-MTOLKIY3LPL;
stood at 11.43% as at 31st March’15 as compared to 9.17% in
EICMWPGÉLETEI3LRZVL&LTBKHI" corresponding period last year.
29

MBMLÉLVMBY[HL 2. Resource Mobilization

`>EKLT. EILRWG)LPAG3L'LLG*L/ZTPL;EI3LRZVL&LTB The Bank’s Total Deposits amounted to ` 5,01,379 crore as
at the end of March’15, showing an absolute accretion of
EIPAGOLL;3LTHR >&LLQ;ETWB3L&LTB $L4E B EIERZU&LLKLGL¶LL
` 49,982 crore and a growth of 11.1% over previous year.
`>>EKLT. KHIB"D4EB EIELMLUFLKLGLL PL;OKPL; The CASA Deposits of the Bank increased to ` 1,83,780
J[GSLS EI PAG OU; EKST HR `>> SE JHRQ YC;" GPºLI¶L crore, registering YoY growth of 6.3%. The share of low cost
PL; &LTB ERZ WLB3LGKE U&LLKLGL¶LLTB &LTB W:*L ZLY3L U&LLKLGL¶LLTB deposits in total domestic deposits was 40.57% in FY’15. As
QLZX$LQ3L
EL GH-ML 'LL" GOVLBE > W'LL;3L_ on 20th March 2015 i.e. the Last Reporting Friday (LRF) of
GPºLI¶LPL;ETWBG3L&LGK*LLT7YLR¹PLK ZWLK *L2
ELT>ÈLLZI FY’15, PNB’s share in system’s Aggregate Deposits reached
EIERZU&LLKLGL¶LLTB &LTB *LI V$LIELGH-ML*LK*LHRQ Y¶LL'LL" 4.89%.
$L4BE VT GOVLBE MT 3LE VWLKWLC; U&LL The Bank launched NRI Deposit Campaign from 01.11.14 to
WG)L¶LLVQZL¶LLGUM&LTB >vL3LLTB &LTB ÈKLT. UR7L Y " 31.01.2015 in which ` 2876 crore were mobilized in 10,785
ÈLLZIEI VWLKC;U&LLKLGL¶LLTB&LTB$L4BEEIGH-MTOLKI&LLQ;ET accounts. The Bank’s share in NRE Deposit in the system
increased to 2.39% in Mar’15 from 2.20% of Mar’14.
MT$LEK&LLQ;&LTBHLTYC;"
The Bank also launched “Locker Campaign” in the same
CMIWPGÉL&LTB$L4BEVT??ZL8EKWG)L¶LLV)LIQZL¶LLGUM&LTB> period wherein 11,703 lockers were leased out and arrear
ZL8EM;*L7_7T*LKGO Y 3L'LL`ZLvEL$LEL¶LLGEKL¶LL$LKL&LO rent of ` 65.42 lakh was recovered. Total revenue of ` 79.97
GE¶LLY¶LL"GPºLI¶LPL;ETOL4KLVZL8EKGEKL EIPMXZIMT crore was generated during FY’15 by recovery of Locker
ÈKLT.ELERZKLU-PWU3LGE¶LLY¶LL" rent.
30
okf"kZd fjiksVZ
$L4BEVTGOVLBEMT3LE??*LGKPLKMRK\LL$LQ3L The Bank also conducted a campaign for the “Family Suraksha
vL3LL *L2 M$LIET
N3*LLOETGZ )LI EWG)L¶LLVMBQLGZ3LGE¶LL Bachat Khata” (FSBK) Product from 23.08.2014 to 31.12.2014
WL4KÈKLT.UR7L3LTHR vL3LTvLTZTY " *L2 M$LIETET and 20801 accounts were opened mobilizing ` 90.22 crore.
Total insurance premium of ` 16.13 crore under FSBK was
3LH3LÈKLT.ELERZ$LI&LLÈIG&L¶L&L ELGE¶LLY¶LLWL4K$L4BE
collected and commission of approximately ` 4.80 crore was
^LKLZY)LYÈKLT.ELE&LILVWU3LGE¶LLY¶LL" earned by the Bank.
LGPGV¶LLTUV PBGP3LKL 3. Credit Deployment and Delivery

Y3L PL; MT `> EKLT. W'LPL EI PAG OU; EK3LT HR > Net Advances of the Bank as at the end of March 2015 stood
&LLQ;ETWB3L&LTB $L4E B ETGVPZWGY[&L`>>EKLT. KHTULT at ` 3,80,534 crore, compared to ` 3,49,269 crore as at end
of March 2014, registering an increase of ` 31,265 crore or
3LRZVL3&LE*LMT&LLQ;ETWB3L&LTB `>>EKLT. 'LT"&LLQ;
9.0% over last year. Yield on Advances of the Bank stood
&LTB M&LL*3LPL;HT3LR$L4E
B ELWGY[&LLTB *LKÈG3L*L2ZKHL"GOVLBE at 9.88% for the year ended March 2015. As on 20th March
>W'LL;3L_GPºLI¶LPL;ETWBG3L&LGK*LLT7YLR¹PLK ZWLK *L2
> 2015 i.e. the Last Reporting Friday (LRF) of FY’15, PNB’s share
ELTÈLLZIET¹TG.7&LTB *LI V$LIELGH-ML*LK*LHRQ Y¶LL'LL" in system’s credit reached 4.80%.
SEVIEI N6VV GVGÉL LTUVL 7I¶LX *L2 M

> 7T%M7LCZ \LTL FTB The Technology Upgradation Fund Scheme (TUFS) is a
flagship scheme of Ministry of Textile for modernization
WLÉLRGVEIEKLWL4KJ[L4]LTGYEIN6VVHTSR P-LFBLLZEIJ[FR<L and technology upgradation in the textile sector. PNB is
LTUVLH4"7IX J2 MET SHSMG$M.IET OLPT HTSR JI VDIVLGFS the designated Nodal Bank for claiming subsidy under
VLT.ZD4BEH4"OLPLTB JK3PGKSELK;PLC; ET GZ EL8KJLT;KT7ELL;Z TUFS. For speedier processing of claims, a dedicated cell
FTBMFGJ;SJ[ELT#EI-'LLJVLEIYC;'LI"7I¶LX *L2 MET3LH3L$L4BE at the Corporate Office was established. The Bank had
approximately 1041 accounts under TUFS pertaining to
ET*LLM M MWLC;3L'LLY4K M MWLC;+TLIMTMB$LBGÉL3LvL3LT SSI and Non SSI category. During FY’15, the Bank received
'LT"GPºLI¶LPL; ET OL4KLV$L4BEVT P±&LBLLZ¶L &LWLT7I
MT TUFS subsidy amounting ` 126 crore from Ministry of
ÈKLT.EI7I¶LX *L2 MMG$M.IÈL*3LEI3L'LL*LLLGL¶LLTBELT Textile and disbursed to the eligible borrowers. Further,
CMELGP3LKLGE¶LL"ML'LHI>LMH$L*LXUIMG$M.I¶LLTUVL there were around 316 accounts covered under 15% Credit
Linked Capital Subsidy Scheme (CLCSS) and the subsidy
MI ZMI M M
ETWB3LY;3LZY)LYvL3LLTBELTEPKGE¶LLY¶LL amounting ` 27 crore received from Ministry of MSME
WL4KGPºLI¶LPL;ETOL4KLV &L M &LC;&LBLLZ¶LMTZY)LYÈKLT. during FY’15.
EIMG$M.IKLGLÈL*3LEIYC;"
LGVYKLVIÈLLZIELTMROA$LVLVTETGZ ÈÉLLVEL¶LL;Z¶L&LTB E To strengthen the credit monitoring system, an Independent
-P3LBLGP)LLYEL¶L;K3L'LLGUMETP7I;EZÈ&LRv E&LHLÈ$LBÉLE'LT" Department was functioning at Head Office with a General
CMIÈELKWLG-3L¶LLTBEIG-'LG3LEIM3L3LGVYKLVIEKVTETGZ M)LI Manager as its vertical Head. Similarly, Nodal Officers
were appointed in all the FGMOs/COs to have continuous
*L2UI &LWLT!&LBEL &LTB VLT.Z WGÉLELKI GV¶LR%S GE Y " $L4BE ET
watch over the health of the assets. All weak and irregular
GPG)L£-3LKLTB>W'LL;3L_ *L2UI &LWLT!&LBEL PBÈEL>*LKM)LIE&LULTK accounts were monitored through Task Force Meetings
WL4KWGV¶LG&L3LvL3LLTBEI7L-E*L2LTM;$L4#ELTBET&LLÉ¶L&LMTM3L3LWLÉLLK at different levels of the Bank i.e. CO/FGMO & HO on
*LKGVYKLVIEIYC;"vL3LLTB&LTBE&LULTKIEI&LR<¶LM&L-¶LLWLTBEI*LHQLV continuous basis. The core issues of weaknesses in the
EIYC;3L'LLCVELM&LLÉLLVGE¶LLY¶LL" accounts were identified and addressed.
31
PL-3LGPE PBGPºLI¶L*LRVY;#VETML'LML'LEU;PMXZIELT&LU$LX3L In order to improve the system’s ability to deal with corporate
$LVLEK>EL8*LLT;KT7MBE73L'LLGPºLI¶LMB-'LLVEIWL*LOLMT GV*L7VT distress and financial institution distress by strengthening
ET GZ ÈLLZI EI \L&L3LL &LTB MRÉLLK ZLVT HT3LR $L4BE VT GOVLBE real and financial restructuring as well as debt recovery, the
Bank complied with the framework for Revitalizing Distressed
MT *LXL;3L¶LL È)LLPI $LVLC; YC; WL*LOLY[-3L WLG-3L¶LLTB ET Assets, which was made fully effective from 01.04.2014.
*LRVKLTLKEI*LKTvLELWVR*LLZVGE¶LL"
LvL3LLTB&LTB*LXP;QT3LLPVIMBET3LLTBEL*L3LLZYLVTETGZ EV¶LL To detect early warning signals in Loan Accounts, a new
GVPLKEGVYKLVIÈLLZI *LI &L M
&LL8._¶LXZWLKB)LGE¶LLY¶LLUHLB Preventive Monitoring System (PMS) module was introduced
*LI &L MGK*LLT7; WL8VZLCV*LMT &LLGMEWLÉLLK*LK$LVL UL3LIH4B wherein PMS reports were being maintained online on
U$LGE*LHZT TMLG3L&LLHIWLÉLLK*LKGE¶LLUL3LL'LL" monthly basis, which was earlier done on quarterly basis.
i. LM&LXHV i. Loan Syndication

$L4BEETÈÉLLVEL¶LL;Z¶L&LTB EM&LXHVGP)LLYH43L'LL&LRB$LC; PBQT£C; The Bank has a Syndication Department at Head Office and
&LTBM&LXHVÈELTsH4B"$L4BEETÈÉLLVEL¶LL;Z¶L&LTB EM&L*L3L3LEVIEI Syndication Cells at Mumbai and Chennai. The Bank also has
ÈELTs)LIH4ULT*LGK¶LLTUVL&LX:¶LLBEVWL4K3LEVIEIWL'LE0¶LPHL¶L;3LL a dedicated Technical Cell at Head Office which undertakes
7IC;PI
WÉ¶L¶LVMBQLGZ3LEK3LLH4"¶LHWÉ¶L¶LV$L4BEETWLB3LGKE Project Appraisal and Techno Economic Viability (TEV)
Studies. These studies are for internal use and for sharing with
N*L¶LLTYET GZ 3L'LLM&LXHVM&LVROTLVLTB ET WBY-P*LMH)LLYI$L4BELTB participating banks as part of syndication assignments.
ETML'LMLLEKVTHT3LRMBQLGZ3LGE UL3LTH4B"
During FY’15, the Bank gave approvals for syndication/
GPºLI¶LPL; ET OL4KLV>$L4BEVT `>EKLT. ET ERZLLTB appraisal of debt aggregating ` 16,420 crore with PNB’s share
ETM&LXHV!&LX:¶LLBEVHT3LR&LBUXKIOIGUM&LTB*LI V$LIELGH-ML` of ` 3631 crore. Total income booked out of this activity
EKLT.'LL"GPºLI¶LPL;ETOL4KLVCMYG3LGPGÉLMTÈKLT. during FY’15 stood at ` 9.44 crore.
EIERZWL¶LOU;EIYC;"
ii. vROKLL ii. Retail Credit
The growth of Retail Loan portfolio continued to be the thrust
vROKLL*LLT7;*L2LTGZ¶LLTELGPELMGPºLI¶LPL;&LTB)LI$L4BEET
area of the Bank in FY’15. The Bank’s policies on the product
GZ WG3L&LH3P*LXL;GPL¶L$LVLKHL"N3*LLOGPELMMTMB$LBGÉL3L$L4BEEI development were as per the customers’ requirements,
VIG3L¶LLBY[LHELTBEIWLP¶LE3LLWLTB>GPPTE*LXL;&LX:¶LGVÉLL;KLWVREXZV prudent pricing, customization and aggressive marketing.
WL4KWL¹L&LEGP*LLVETWVR*LKHIB"CVELNÎT¶LvROKLLMBPY; They were directed towards boosting business under Retail
ET WB3LY;3LELKLT$LLK&LTB PAGEKVL'LL"vROKLL*LKGPLTLÉ¶LLV Loan Segment. The Bank has 81 specialised ‘Retail Asset
OTVTHT3LR$L4BEEIGPLTLGK7TZ MT7LLvL BH4B" Branches’ with an exclusive focus on Retail Credit.
MEZvROKLL*LLT7;*L2LTGZ¶LLTET`>EKLT.MT Aggregate Retail portfolio of ` 38,864 crore as on 31.03.2014

$LEKEIPL;OKPL; PAGOU; EK3LT HR increased to ` 48,415 crore as on 31.03.2015 showing YoY
ELT`>EKLT.HLTY¶LL"ELTKGK7TZ*LLT7;*L2LTGZ¶LLTGUM&LTBWLPLM> growth of 24.60%. The Core Retail Advances comprising
Housing, Vehicle, Education, Personal & Pensioner, Gold
PLHV> GL\LL> P4¶LG%SE> *LTBLV)LLTYI> -PL;> $LBÉLE WL4K ÈG3LP3LI; Mortgage & Reverse Mortgage Loan Schemes increased from
$LBÉLE L ¶LLTUVL B LLG&LZ HLT3LI H4B> ET `> ` 31,930 crore as on 31st March 2014 to ` 40,552 crore as on
EKLT. MT $LEKPL;OKPL; PAGOU; EK3LT HR 31st March 2015 recording YoY growth of 26.0%. The share
ELT`>EKLT.HLTY¶LL"&LLQ;ELT$L4BEETERZ of Retail loan in Bank’s total Non Food Gross Advances as on
Y4KvL]MEZWGY[&LLTB&LTBvROKLLEIGH-MTOLKI'LIULT 31st March 2015 was 14.49% as compared to 12.42% as on
3LRZVL3&LE*LMT&LLQ;ELTKHI'LI" 31st March 2014.
WLPLMLMBPY;VTEIPL;OKPL;PAGOU;EIGUM&LTB The Housing Loan segment registered YoY growth of 26% with
&LLQ;ELT$LEL¶LLKLGL`>EKLT.KHI"PLHVLMBPY; an outstanding amount of ` 21,544 crore as on 31st March
ETWB3LY;3L$LEL¶LLKLGLEIPL;OKPL;PAGOU;EK3LTHR 2015. The outstanding under Vehicle Loan segment increased
to ` 4089 crore as on 31st March 2015 registering YoY growth
&LLQ; ELT $LEK ÈKLT. HLT YC;"$LBÉLELLTB &LTB of 14%. Mortgage loans witnessed a growth rate of 77%.
EIPAGOKOTvIYC;"
The Bank also implemented various Government of India
$L4BE VT E&L WL¶L PLZT WLPLM HT3LR L YLKB7I GVGÉL ¶LLTUVL schemes such as Credit Guarantee Fund Scheme for Low
MIWLKUI *L2 M ZWLC; Q
> WLPLM WL4K LHKI YKI$LI N6&LXZV Income Housing (CRGFSLIH), Housing Interest Subsidy
&LBLLZ¶L^LKLLREIYC;?KLUIPL¶LLTUVLVL&LEIWLPLML Scheme under the name of “Rajiv Rin Yojana” launched by
$¶LLU MG$M.I ¶LLTUVL 3L'LL $¶LLU MG$M.I EI ET6ÇI¶L ¶LLTUVL Ministry of Housing & Poverty Alleviation and Education
MI MWLC; M
ET3LH3LGL\LLL$¶LLUMG$M.I>VC;MI MWLC; M> Loans interest Subsidy under Central Scheme for Interest
3L'LL?W:*LMB<¶LEM&LROL¶LLTB HT3LR *LLT ÈOTLU4MI)LLK3LMKELKEI Subsidy (CSIS), New CSIS and ‘Padho Pradesh for Minority
Communities’.
GPG)L£¶LLTUVLWLTBELT)LIEL¶LL;G6P3LGE¶LL"
32
okf"kZd fjiksVZ
iii. ÈL'LG&LE3LLJ[L*S\LTL iii. Priority Sector

$L4BE&LLQ;&LTBÈL'LG&LE3LLÈL*3L\LTLET3LH3LETKLrI¶L The Bank achieved National Goal of 40% under Priority
Z\¶LELTÈL*3LEKQREL'LL"&LLQ;&LTBÈL'LG&LE3LL\LTLWGY[&LLTBEI Sector as on 31st March 2015. The achievement of Priority
Sector advances was ` 1,35,812 crore as on March 2015 i.e.
N*LZG$ÉL`>>EKLT.KHIW'LL;3L_ETKLrI¶LZ\¶LETM&&LRv 42.89% of Adjusted Net Bank Credit against the National
M&LL¶LLTGU3LGVPZ$L4BELKHT"$L4BEVTCMMBPY;ETWB3LY;3L Goal of 40%. The Bank also achieved all other National Goals
È3¶L\L²GLELTL>E&LULTKPY;ELTL>3L'LL&LGHZLZL)LL'L¶LLTB under the segment e.g. Credit to Direct Agriculture, Credit to
ELTLU4MTW6¶LM)LIKLrI¶LZ\¶LLTBELT)LIÈL*3LGE¶LL" Weaker Section and Credit to Women beneficiary.
(` EKLT.FTB) (` crore)
FLVOB. 31.03.2013 31.03.2014 31.03.2015 Parameter 31.03.2013 31.03.2014 31.03.2015
ÈL'LG&LE3LLJ[L*S\LTLL 91076 120538 135812 Priority Sector Credit 91076 120538 135812
GUM&LTBMT Of which:

²GL\LTL (a) Agriculture Sector
37777 54586 60006 37777 54586 60006
- Direct
È3¶L\L 33809 42906 48569
- Indirect 33809 42906 48569
WÈ3¶L\L 3968 11680 11437 3968 11680 11437
$LI
&L M &LC; 39738 52823 61262 (b) MSME (Priority) 39738 52823 61262
ÈL'LG&LE3LLÈL*3L
(c) Others 13561 13129 14544
MI
W6¶L 13561 13129 14544 - Credit to Weaker 27588 30497 32187
E&LULTKPYLTELTL 27588 30497 32187 Sections
- Credit to Women 14084 14301 16689
&LGHZLZL)LL'L¶LLTBELTL 14084 14301 16689
Beneficiaries
KLrI¶LZ\¶LLTBEIÈLG*3L Achievement of National Goals

V$LIMIEL% Z\ 31.03.2013 31.03.2014 31.03.2015
%age to ANBC Target 31.03.2013 31.03.2014 31.03.2015
ÈL'LG&LE3LL\LTLL 40.0 33.11 42.49 42.89 Priority Sector Credit 40.0 33.11 42.49 42.89
GUM&LTBMT Of which:

²GL\LTL 18.0 13.73 19.24 18.95
(a) Agriculture Sector 18.0 13.73 19.24 18.95
$LI
È3¶L\L²GL 13.5 12.29 15.12 15.34
(b) Direct Agriculture 13.5 12.29 15.12 15.34
MI
E&LULTKPYLT ELT 10.0 10.03 10.75 10.16
(c) Credit to Weaker
L Sections
10.0 10.03 10.75 10.16
.I
&LGHZLZL)LL'L¶LLTB 5.0 5.12 5.04 5.27
(d) Credit to Women
ELTL Ben.
5.0 5.12 5.04 5.27
²GLL Credit to Agriculture

²GL\LTLELTLEIKLGL&LLQ;ET`>EKLT.MT Credit to Agriculture sector stood at ` 60,006 crore as on
$LEK&LLQ;ELT`>EKLT.HLTYC;"ETGVÉLL;GK3L 31st March 2015 as against ` 54,586 crore as on 31st March
2014. The ratio of Agriculture Advances to ANBC was 18.95%
KLrI¶L Z\¶LLTB ET M&&LRv> $L4BE ET ²GLWGY[&LLTB MT V$LIMI EL
against the prescribed National Goal of 18%. The achievement
WVR*LL3LKHL"$L4BEEIÈ3¶L\L²GLWGY[&LN*LZG$ÉL`> under Direct Agriculture Advances of the Bank was ` 48,569
EKLT. W'LL;3L_ V$LIMIEL'LLULT &LLQ; &LTB crore i.e. 15.34% of ANBC surpassing the National Goal of
ET KLrI¶L Z\¶L MT WGÉLE KHI" GPºLI¶L PL; ET OL4KLV> $L4BE 13.5% in March 2015. The Bank issued 2.87 lakh Kisan Credit
^LKLZLvGEMLV¹TG.7EL.; ETMIMI
ULKIGE Y GUMMT Cards (KCCs) during FY’15 taking the cumulative number of
ETMIMIET WLKB)LMT W$L3LEULKIGE Y GEMLV¹TG.7EL.LT KCCs issued to 51.19 lakh since inception. During FY’15, the
EIERZMB<¶LLZLvSE*LHRQYC;"GPºLI¶LPL; ET Bank disbursed Agriculture loans to the tune of ` 49,603 crore
OL4KLV>$L4BEVT ZLv²LELTB ELT ZY)LY `>EKLT. ET to 25.62 lakh farmers.
²GLLGP3LGK3LGE "
The Bank’s focus was on increasing investment credit
$L4BEELÉ¶LLV*LKB*LKLY3L²GLET GPºL*LLTLLET WG3LGK%SÈ3¶L\L under Direct Agriculture especially on High-Tech
²GL ET WB3LY;3L> GPLTL *L MT Y[IV HLNM!*LL8ZI HLNM *L2L&LY> Agriculture Projects under Green House / Poly House
-ÈEZK!G.*LMQLC; ÈLLZI>G7LX E:QK>$LLYPLVI>*LR*LLT3*LLOV> Farming, Sprinkler/ Drip Irrigation Systems, Tissue Culture,
0¶LLPMLG¶LE.T¶LKI>&L3-¶L*LLZV>ER%ER7*LLZV>PLGLG5¶LE²GL Horticulture, Floriculture, Commercial Dairy, Fishery,
ELGPºL*LLTLL>PLGVEIHT3LR PA\LLKLT*LL3L'LLY[L&LILYLTOL&L!ELT:. Poultry, Financing Commercial Agricultural Farming,
-7LTKTU PB ²GL*LGKPHVU4MT ²GLZL8GUG-7%MWLGOET 3LH3L> Plantation for forestry and Agri. Logistics like Rural Go-
N1Q 3LEVIE ²GL *LGK¶LLTUVLWLTB *LK GVPTL L ELT $LLVT *LK down / Cold Storage & Agri Transport etc. besides
ETG6Ç3LKHL" traditional agriculture financing.
33
VC;GVG*L3L¶LLTUVL B New schemes Formulated
q $LOZ3LT*LGKOA¶LETML'L3LLZ&LTZ$LVL KvVTETGZ $L4BEVT²GL q To keep pace with changing scenario, the Bank formulated
LLTBELT$LLPLOTVTHT3LRGV&VGZGv3LVC;¶LLTUVL B3L4¶LLKEIH4B following new schemes to boost Agriculture credit:
a. PNB Dugdh Vikas Yojana: For setting up of Milk

*LI V$LI OR9ÉL GPELM ¶LLTUVL Y[L&L -3LKI¶L OR9ÉL MLTML¶L7I/ collection centers; for purchase of Milch cattle,
MHELKI OR9ÉL MB LLTB 3L'LL GVUI .T¶LKI EB*LVI ET ML'L Y#ULT. construction of sheds and meeting working capital
0¶LP-'LLET 3LH3LOR9ÉLMBY[HETBÇLTB EI-'LL*LVL@ORÉLL*LLRWLTB requirements of Farmers under Tie-up arrangements
EI vKIO> LT. ET GV&LL;L WL4K GEMLVLTB EI EL¶L;LIZ *LXBUI with Village Level Milk Society/Co-operative Milk
WLP¶LE3LLWLTBEI*LX3LETGZ " Unions and Private Dairy Company.
$LI
0¶LLPMLG¶LENÎT¶LHT3LRGEMLVLTB^LKLU4GPE²GLELT $LLPL b. For promoting Organic Farming by the Farmers for
OTVTETGZ Commercial purpose.
MI
WVR$LBÉL²GL0¶LP-'LLET3LH3LGEMLVLTB!N3*LLOELTBETGPºL*LLTLL c. Scheme for financing to Farmers / Producers under
EI¶LLTUVL Contract Farming arrangements.
.I
$L4BEET$LLT.;^LKL*LBUI²3L²LEN3*LLOEMBY#VLTB *L2*LIWLT
d. Scheme for financing to Registered Farmer Producer
PB ²LEN3*LLOEEB*LGV¶LLTB *L2*LIMI
ET GPºL*LLTLLEI Organizations (FPOs) & Farmer Producer Companies
¶LLTUVL ELT &LBUXKI ÈOLV EI YC;" CM ¶LLTUVL ET 3LH3L /LT7T (FPCs) was approved by the Board of the Bank. Under
GEMLVLTB@ Y[IG$LUVTM EBMLT7¶L&L EI L YLKB7I GVGÉL the scheme, FPCs were offered loans up to ` 1.00 crore
without any collateral subject to cover under Credit
M *L2 MI
ETWB3LY;3LEPKHLTVTPLZI *L2*LIMIELTGEMI Guarantee Fund for Small Farmers' Agri-Business
)LIMB*LLGP;EET G$LVL ÈKLT. 3LEET LN*LZ$ÉL Consortium (SFAC). MOU was signed with SFAC to
EKL Y "N%S¶LLTUVLET 3LH3LYLKB7IEPKÈL*3LEKVT HT3LR seek guarantee cover under the said scheme.
M *L2 MIETML'LM&LL43LL,L*LV*LKH-3LL\LKGE Y "
q NVGEMLVLTBELTKLH3LÈOLVEKVTETGZ ULTW*LVTGV¶LBLLMT*LKT q To provide relief to farmers who suffer losses due to
ELKLLTB ÈL²G3LEWL*LOLELT /LT.EK
EIPUHMT HLGVN#L3LT reasons beyond their control, policy for restructuring of
Agriculture Debts was formulated (other than natural
H4B>²GLLLTBET*LRVY;#VEIVIG3LGVG*L3LEIYC;"²GLWG3LOT¶L
calamity). Under the policy for restructuring of Agriculture
KLGL¶LLTB&LXZÉLVWL4K$¶LLUET*LRVY;#VEIVIG3LET3LH3L` overdues - principal & interest was vested with Branch
ZLv3LEET LLTB ELT LLvLWGÉLELGK¶LLTB &LTB GVGH3LGE¶LLY¶LL" Officials for loans up to ` 10.00 lakh. To meet urgent need
GEMLVLTBEI3L3ELZWLP¶LE3LLWLTBELT*LXKLEKVTETGZ >GEMLV of farmers immediate relief upto ` 50000/- were provided
3L3ELZ EL.; ¶LLTUVL U4MI MRGPÉLLWLTB ET 3LH3L ETMIMI ÉLLKE to farmers holding KCC under facilities like Kisan Tatkal
GEMLVLTBELT`!EI3L3ELZKLH3LÈOLVEIYC;" Card Scheme.
&LL4UXOL¶LLTUVLWLTB&LTBWLKWLTWLC;&LTBMBLLTÉLV!/X7 Modifications/Concessions in ROI in existing schemes

q GEMLVLTBEI$L3LILWLP¶LE3LLWLTBEI*LX3LETGZ >GEMLV q The limits under Kisan Credit Card and Kisan Gold
¹TG.7EL.;WL4KGEMLVYLT:.¶LLTUVLWLTBET3LH3LMI&LLWLTBELTPL; Schemes were enhanced from ` 20 lakh to ` 50 lakh
during the year for meeting the increased credit needs of
ETOL4KLV`ZLvMT$LLEK`ZLvEKGO¶LLY¶LL" the farmers
q Y[L&LILYLTOL&LWL4KLI3L)LB.LKYAHETGV&LL;LETGZ $¶LLUOK&LTB q Relaxation in Rate of Interest for construction of Rural
/X7GPºLPL;ETOL4KLV)LIÈOLVEIYC;" Godown and Cold Storages extended during FY'15.
q Y[L&LILYLTOL&L!PT¶LKHLNM!LI3L)LB.LKYAH3L'LL M QUI¶LLTUVLWLTBET q Relaxation in Rate of Interest was approved for financing
3LH3LGPºL*LLTLLHT3LR$¶LLUOK&LTB/X7ELTWVR&LLTGO3LGE¶LLY¶LL" under Rural Godown/Warehouse/Cold Storage and SHG
schemes.
WG)L¶LLVLTB!M*3LLHLTBELWL¶LLTUV
Celebration of Campaigns/Weeks
q M&LLPTLIGPELMETGZ /LT7TWL4KMI&LLB3L²LELTBELTGPLTLL
ÈOLVEKVTET EQKLET*L&LTB$L4BEVTGOVLBE q As a step forward to extend focused credit to small and
marginal farmers for inclusive growth, the Bank organized
MT3LE PBMT3LEGPLTL Special Agriculture Credit Campaigns from 16.06.14 to
²GLLWG)L¶LLVLTB ELWL¶LLTUVGE¶LL"D4BEVT <LKID!KDIET 20.09.14 & 01.11.14 to 31.01.15. During the Kharif / Rabi
FL4MFETOL4KLVÈKLT.ETZ\¶LET&LREL$LZTÈKLT. seasons, the Bank disbursed ` 7065 crore against the target
ETLGP3LGK3LGE " of ` 6600 crore.
q $L4BEVT GOVLBEMT 3LE.T¶LKIM*3L q The Bank also celebrated Dairy Week from 11.08.2014 to
LH> MT 3LE PB MT 16.08.2014, Farm Mechanization Week from 20.08.2014
3LE ²GL ¶LBLIEKL M*3LLH> MT to 26.08.2014 and 15.12.2014 to 21.12.2014, SHG/
3LE M QUI!UT ZUI*LvPL.TWL4K JLG fortnight from 06.10.2014 to 18.10.2014 and week
MT3LE M QUI!UT ZUIM*3LLHEL)LIWL¶LLTUV from 09.03.2014 to 16.03.2014.
GE¶LL"
34
okf"kZd fjiksVZ
q $L4BE VT MT 3LE ²GL M*3LLH 3L'LL q The Bank observed Agriculture Week from 12.01.2015 to
MT 3LEN1Q&LX:¶L²GL*LGK¶LLTUVLWLTB 19.01.2015 and High Value Agriculture Project Financing
week from 27.01.2015 to 02.02.2015.
ETGPºL*LLTLLELM*3LLHWL¶LLTGU3LGE¶LL"
EL4LZN£¶LV PB,LVELÈMLK Upgradation of Skills & knowledge dissemination
q ²GLWGÉLELGK¶LLTB ETEL4LZN£¶LVHT3LRKLrI¶LY[L&LILGPELMMB-'LLV q To upgrade skills of Agriculture Officers, specialized
VWLC;WLK.I
H4OKL$LLO>WLC;$LI &L*LRLT>²GL$L4B EYEL8ZU T MI $LI
training with the support of outside agencies like National
*LRLTWL4KY[L&LILGPELM$L4E B M;MB-'LLV $LIWLC;WLK.I
>ZvV¦U4MI Institute of Rural Development (NIRD) Hyderabad, IBM
Pune, College Agriculture Banking (CAB) Pune and Bankers
$LLÂ UTGB M¶LLTB ET MH¶LLTYMT N1Q&LX:¶LEI*LGK¶LLTUVLWLT!B GVPTLL Institute of Rural Development (BIRD), Lucknow for
È-3LLPLTB ETGPºL*LLTLLHT3LRGPLTLÈGL\LLÈOLVGE¶LLY¶LL" financing high value projects/investment credit proposals
q Y[L&LIL\LTLLTB &LTB GPºLI¶LML\LK3LLELT$LLPLOTVT WL4K$L4E
B EI¶LLTUVLWLTB was imparted.
ET GPL¶L &LTB ULYE3LL *L4OL EKVT ET GZ > ?PKOLV PAºLGQL q To promote financial literacy in rural areas and to create
ELLR)LLKB)LGE¶LLY¶LL>GUMT D4E B ^LKL²LEM&LROL¶LHT3LR GEMLV awareness about the Bank’s schemes, a Documentary
YLTGs¶LLT>B GEMLVÈGL\LLETÇB LT>B Y[L&LIL-PKLTUYLKÈGL\LLMB-'LLVLTB Film ‘VARDAAN’ was launched which was screened by
the Bank at the Kisan Goshthies, Farmer Training Centres,
WLK MC;7IWLC;
WLGO&LTB 3L'LL-7L*L2ETMO-¶LLTB ET$LIQULYE3LL
Rural Self Employment Training Institutes (RSETIs), etc. for
*L4OL EKVT ET GZ )LI $L4E B ET W*LVT ÈGL\LL ET6ÇLTB *LK ÈOL3L the farming community and also at the Bank’s own training
GELYL" centres for creating awareness among the staff members.
q GEMLVÈGL\LLET6ÇLTB ELT GEMLVLTB ELT M&LY[ 0¶LLPMLG¶LEM3L3L q Farmers’ Training Centres were geared up to educate &
²GLN]&LLTB WL4KN1Q&LX:¶L²GL*LGK¶LLTUVLWLTB ELT W*LVLVT HT3LR encourage farmers for adopting composite sustainable
GLG\L3LWL4KÈLT3MLGH3LEKVTETGZ 3L4¶LLKGE¶LLY¶LL" commercial agriculture ventures and High Value
Agriculture Projects.
q ²GLMTMB$LBGÉL3LM)LI&LH3P*LXL;¶LLTUVLWLTB ELT www.pnbindia.in
q All the important schemes related to agriculture were
*LKW]3LVGE¶LLY¶LL"M)LI&LH3P*LXL;O-3LLPTULT>B È*LLLTB WL4K*LGK*LLLTB updated on www.pnbindia.in. All the important documents,
ELT$L4EB EI*LI V$LIVL8ZU T MT7B KPT$LMLC7&LTB W*LZLT.GE¶LLY¶LL" forms and circulars have been uploaded on the Knowledge
Center website of the Bank.
W6¶L
q ¶LLTUVLWLTB ET GZ L -PQLZV ÈLTMTMY ÈLLZI Z4*M
Others
ELT WGVPL¶L; EKGO¶LLY¶LL>GUVELT ²GLLJ[-SLPLTB ET LI L[ q Lending Automation Processing System (LAPS) was made
GVJ7LVFTBMRGPLJ[OLVEKVTHTSRGOVLBEMTZ4*M&LTB mandatory for 22 schemes, which were customized in
LAPS, from 01.07.2014 to facilitate speedy disposal of
E-7&LLCUGE¶LLY¶LL" Agriculture loan proposals.
q ²GLWL4KMB$LYG3LGPGÉL¶LLTB HT3LR vL3LLTB &LTB `ZLvEIMI&LL3LE
q PNB Score Model for Farm Sector was developed for
P-3LR*LKE L GVL;¶L ZTVT &LTB LLvLWLTB EI MHL¶L3LL EKVT ET GZ
assisting branches in taking objective lending decisions in
²GL\LTLHT3LR*LI V$LI-ELTK&LL8.ZGPEGM3LGE¶LLY¶LL"GQGª3L accounts for Agriculture and Allied Activities upto limit of
LLvLWLTB &LTB &LL8.ZETWVRÈ¶LLTYELÈL¶LLTGYEMBQLZVLRGE¶LLY¶LL" ` 50 lakh. The application of the model was launched on
q GPºLIPL;ETOL4KLV$L4BEVT²GLN*LEKLLTB PB74%7KLTB>MQLC; pilot run in 154 identified branches.
M&LLÉLLVLTBWLGOETWY[LIGV&LL;3LLWLTBETML'LY#ULT.GE¶LL"PL;ET q The Bank made Tie ups with the leading manufacturers of
OL4KLVHI$L4BEVT.T¶LKIEB*LGV¶LLTB!MHELKIMG&LG3L¶LLTBETML'LY#ULT. agriculture implements & tractors, irrigation solutions, etc.
ET&LLÉ¶L&LMTGPºL*LLTLL^LKL*LLRÉLVWGY[&L*LLT7;*L2LTGZ¶LLTELT$LLVT during FY'15. During the year, the Bank also laid focus
*LK)LIÉ¶LLVETBGÇ3LGE¶LL"ML'LHI>$L4BEVTY[L&LILYLTOL&LELT:. on increasing livestock advance portfolio by financing
-7LTKTU PB²GL*LGKPHVU4MT²GLZL8GUG-7%METGPºL*LLTLL*LK through tie ups with dairy companies/cooperatives. Further,
)LIÉ¶LLVETBGÇ3LGE¶LL" the Bank focused on financing to Agri logistics like Rural
Godown/ Cold Storage & Agri Transport.
q N1Q3LEVIEPLZI²GL*LGK¶LLTUVLWLTB *LKÉ¶LLVETGB Ç3LEKVTETGZ
$L4E
B VTGPLTL²GLGPºLLLvL B$LVLC;B WL4KLLvLWLTB &LTB GPLTL q The Bank geared up 14 Specialized Agriculture Finance
²GLÈELTs-'LLG*L3LGE Y "²GLWGÉLELGK¶LLTB EIWL8VZLCV Branches & Special Agriculture Cells was established in
16 branches for increasing focus on high-tech agriculture
GVYKLVIETGZ E-P3LBL*LLT7Z ; GPEGM3LGE¶LLY¶LL" projects. An independent portal was developed for online
monitoring of 598 Agriculture Officers.
E&LULTKPYLTWL4KWVRMXGQ3LULG3L!UVULG3LELTL
Credit to Weaker Sections & SC/ST
&LLQ;EIG-'LG3LETWVRMLK$L4BE^LKLE&LULTKPYLTELTÈOLV
As on 31st March 2015, the Bank’s credit to weaker section
GE¶LLY¶LLLEKLT. MT PL; OKPL; EIPAGMT `> increased by ` 1690 crore on YoY basis to reach ` 32,187
EKLT.HLTY "EFULTKPYLT;BELTJ[OLVGELYLELWGY[FWVR*LL3L crore. Ratio of Weaker Sections Advances to ANBC stood at
VDIMIET KLrI¶LZ\¶LELT *LLKEKKHL">> 10.16%, exceeded the National Goal of 10%. Total outstanding
vL3LLTB &LTB MMI! M7I EI ERZ $LEL¶LL KLGL ` EKLT. KHI" of SCs/STs stood at ` 4045 crore in 4,10,575 accounts.
35
&LGHZLZL)LL'L¶LLTBELTL Credit to Women beneficiaries
&LLQ; EIG-'LG3LET WVRMLK&LGHZLZL)LL'L¶LLTB ELT GO¶LL Credit to Women Beneficiaries was 5.27% of ANBC i.e.,
Y¶LLL `>EKLT. KHLULT ET KLrI¶LZ\¶LET &LREL$LZT ` 16,689 crore as on 31st March 2015 against the National
Goal of 5%. A women cell was functioning and monitoring
V$LIMIELKHL"$L4BE&LTB EM&L*L3L&LGHZLÈELTsEL¶L;K3L the progress under various lending schemes for women
H4 ULT &LGHZLZL)LL'L¶LLTB HT3LR GPG)L£L¶LLTUVLWLTB ET WB3LY;3LHRC; beneficiaries at Corporate Office.
ÈYG3L*LKVuLKKv3LLH4"
W:*LMB<¶LEM&LROL¶LELTL Credit to Minority Communities
&LLQ;*LK`>EKLT.ET&LREL$LZT&LLQ;EI The Bank’s credit to minority communities stood at ` 20,936

crore as on 31st March’15 as against ` 18,923 crore as on
G-'LG3LETWVRMLK$L4BE^LKLW:*LMB<¶LEM&LROL¶LLTBELTÈOLVGE¶LLY¶LL 31st March’14. The credit to minorities constituted 15.41% of
L`>EKLT.KHL"W:*LMB<¶LEM&LROL¶LLTBELTÈOLVGE¶LLY¶LL Priority Sector Advances.
LÈL'LG&LE3LLÈL*3L\LTLELTGO Y WGY[&LEL'LL"
Micro Credit
MX\&LL A new Scheme of National Rural Livelihood Mission (NRLM)
UXV &LTB WLKB)L EI YC; KLrI¶L Y[L&LIL WLUIGPEL G&LLV was launched in June 2013 which promoted the formation of
VWLK Z &L
VL&LE VC; ¶LLTUVL LR EI YC; 'LI GUMFTBT WL&L women SHGs on the basis of affinity and not on the basis of
YG3LGPGÉLET WLÉLLKEIUYHM&LLV3LLET WLÉLLK*LK&LGHZLWLTB ET a common activity.
-P¶LBMHL¶L3LLM&LXHLTBETY#VELT$LLPLGO¶LL" Interest rate of 7% p.a was charged for financing to women
Y[L&LIL\LTLET &LGHZL-P¶LB MHL¶L3LLM&LXHLTB ET GPºL*LLTLLHT3LR % SHGs in rural area. Subvention was available under this scheme
ÈG3LPL;EI$¶LLUOKZYLC;YC;"CM¶LLTUVLETSHSWL'LEMHL¶L3LL and additional Interest Subvention of 3 % was provided to the
N*LZ$ÉLEKLC; YC; WL4KGQGª3LGUZLTB &LTB LI L[ )LRY3LLV*LK-P¶LB SHGs on prompt payment in 150 identified districts. In FY’14,
MHL¶L3LL M&LXHLTB ELT EI WG3LGK%S EK /X7 )LI ÈOLV EI YC;" the Bank received subvention claim of ` 1,77,64,031/- which
were credited into the beneficaires accounts. The claims for
GPºLI¶LPL;&LTB$L4BE^LKL`>>>!ET/X7ETOLPTÈL*3L
FY’15 are yet to be lodged.
GE Y GUVELTZL)LL'LI;vL3LLTB&LTBU&LLEKL¶LLY¶LL"GPºLI¶LPL;
HT3LROLPLTBELTW)LIOLGvZGE¶LLULVLH4" Micro finance through formation of SHGs & credit linkage
of SHGs gained momentum during FY’15. As at the end of
GPºLI¶LPL;ETOL4KLV-P¶LBMHL¶L3LLM&LXHLTB ETY#VET&LLÉ¶L&LMT
March 2015, the Bank had credit linked 2,16,878 SHGs with
MX\&LGPºL*LLTLL PB-P¶LBMHL¶L3LLM&LXHLTB EILMH$L3LL&LTB YG3LWLC;" an amount ` 2013 crore, registering an increase of 12026
&LLQ; EIM&LLG*3L*LK>$L4E B VT -P¶LB MHL¶L3LLM&LXHLTB EI SHGs. The number of deposit linked SHGs rose to 2,62,593
PAGOU;EK3LTHR ÈKLT. EIKLGLETML'L M QUI cumulatively from 2,46,258 as of previous financial year. The
ELTLMH$LEKGZ¶LL'LL"U&LLMH$L-P¶LBMHL¶L3LLM&LXHLTB EI Bank had 1,55,210 credit linked women SHGs and 1,85,719
MBQ¶LIMB<¶LLG*L/ZTGPºLI¶LPL;ET>>MT$LEK>>HLT saving linked women SHGs as on 31st March 2015.
YC;"$L4EB ET >>LMH$L&LGHZL-P¶LB MHL¶L3LLM&LXHWL4K
>>$LQ3LMH$L&LGHZL-P¶LBMHL¶L3LLM&LXHH4"B iv. Micro, Small and Medium Enterprises
The Micro, Small & Medium Enterprises (MSME) plays an
iv. MX\&L>Z LRWL4K&LÉ¶L&LN]&L important role in economic development through their
MEZ LKTZX N3*LLO>GV¶LL;3LWL4KGPGV&LL;L PB MTPL\LTLLTB &LTB KLTUYLK contribution to GDP, exports and employment generation in
MAUV&LTB W*LVT ¶LLTYOLVET &LLÉ¶L&LMT MX\&L>Z LR PB &LÉ¶L&LNO&L manufacturing and service sectors.
&L M &LC;
WL'LEGPELM&LTB&LH3P*LXL;)LXG&LELWOLEK3LTH4B" At the end of March 2015, the credit to MSME sector stood at
&LLQ;ETWB3L*LK> &L M &LC;\LTLELTL`>EKLT.KHL ` 91,093 crore thereby registering a growth of 21.37% over
ULT&LLQ;MTEIPAGOU;EK3LTHR ERZY4KvL]L March 2014 constituting 26.45% of total Non-Food Credit. As
ELKHL"&LLQ;ETGZ WLL¶LP%S0 MWLTWLC;
ET against the Statement of Intent (SOI) target of MSE advances
`>EKLT. &L MC;WGY[&LLTBETZ\¶LETGP*LKI3L`>EKLT. of ` 71,100 crore for March 2015, the achievement stood at
EIN*LZG$ÉLKHIWL4KEIPAGOU;EIYC;" ` 71,590 crore registering growth of 20.90%.
$L4BEVTMX\&L>Z LR PB&LÉ¶L&LN]&L &L M &LC;
\LTLEIM&L-¶LLWLTB The Bank implemented recommendations of High Level Task
ELM&LLÉLLVEKVTHT3LR&LLVVI¶LÈÉLLV&LBLIUI^LKLYG#3LN1Q-3LKI¶L Force constituted by Hon’ble Prime Minister to address the
7L-E*L2LTM;EIGM*L2LGKLLTBELTGV&VET&LLÉ¶L&LMTZLYXGE¶LL issue of Micro, Small & Medium Enterprises (MSME) sector
by:
q PL;OKPL; PLC;WLTPLC;
WLÉLLK*LKMX\&LWL4KZ LRN]&LLTBETGZ
L&LTB EIPAGEIÈLG*3LMRGVG1L3LEKVL"&LLQ; q Ensuring achievements of 20% growth in credit to Micro
HT3LR*LGKEG:*L3LEIPAGETGP*LKI3LEIPLC;WLTPLC; and Small Enterprises on Year on Year (YoY) basis.
PAGÈOL3LEK3LTHR &LLQ;ELT$LEL¶LL &L MC;WGY[&L Against the growth of 20% envisaged for March 2015,
the outstanding MSE advances were ` 71,590 crore as on
`>EKLT.KHT"
31st March’15, showing YoY growth of 20.90%.
q $L4BEETY4KvL]LLTB&LTB &L M &LC;EIGH-MTOLKI&LLQ;&LTB q MSME share in Non-Food Credit of the Bank increased
MTDEK&LLQ;&LTBHLTYC;" from 23.91% in March 2014 to 26.45% in March 2015.
36
okf"kZd fjiksVZ
q GPºLI¶LPL;ETOL4KLV>$L4BEVT&LLQ;ET>>vL3LLTB q The Bank opened 64,327 new Micro Accounts during FY’15
&LTBETZ\¶LEI3LRZVL&LTBEIPL;OKPL;PAGOU; recording YoY growth of 13.72% over 4,68,918 Accounts
EK3LTHR >V MX\&LvL3LTvLTZT" as on March 2014 compared to the goal of 10%.
$L4BEVT`ZLv3LEETMBJLG;PE&LR%SLN*LZ$ÉLEKLVTHT3LR The Bank leveraged Credit Guarantee Fund Trust for Micro
MX\&LWL4KZ LR N]&LLTB ET GZ LYLKB7I6¶LLM MIUI7I &L MC;
and Small Enterprises (CGTMSE) scheme for providing
¶LLTUVL EL *LXKT É¶LLV ET ML'L ZL)L N#L¶LL WL4K LLvL È$LBÉLELTB &LTB collateral free loans upto ` 100 lakh with focused attention,
vesting Branch Managers with higher loaning powers. As a
WGÉLELLG%S¶LLBGVGH3LEIYC;B"*LGKLL&L-P*L>GPºLI¶LPL; result, during FY’15, the Bank covered 25,325 cases under the
ETOL4KLV$L4BEVTCM¶LLTUVLET3LH3LÈKLT.ETL*LGK0¶L¶L scheme with the credit outlay of ` 1334 crore.
ETML'L>&LL&LZLTBELTEPKGE¶LL"
W6¶L*LHZ Other Initiatives
q &L MC;ELT. • MSE Code
$L4BEVT$L4BEYELT._M B.-74B.._M;$LLT.;WL8¾2CBG.¶LL $LIMI M$LIWLC;

The Bank adopted Code of Bank’s Commitment for Micro and
Small Enterprises (MSE) formulated by Banking Codes and
^LKLGVG*L3LMX\&L PBZ LRN]&LLTB &L MC;
HT3LR$L4BEEIÈG3L$L3LL Standards Board of India (BCSB). This was a voluntary code
MBGH3LLELTW*LVL¶LLH4"¶LH E-P4G1/EELT.'LLGUMVT &L MC;ET which set minimum standards of banking practices for banks
ML'LMB0¶LPHLKEK3LT M&L¶L$L4BELTB ET WVR*LLZVL'L; $L4BEY0¶LPHLKET to follow while dealing with MSEs. It also explained as to how
6¶LXV3L&L&LLVELTBELT-'LLG*L3LGE¶LL"CMVT &L MC;ETGOVÈG3LGOVET banks were expected to deal with MSEs for their day-to-day
EL¶LLTHT3LR3L'LLGPºLI¶LEG#VLC;ETM&L¶L&LTB$L4BELTB^LKL &L MC;ETML'L operations and in times of financial difficulty.
GE ULVTPLZTMB0¶LPHLKEIW*LT\LLWLTBEI)LI0¶LL<¶LLEI"
• MSME Credit Growth Initiative Branches
q &L M &LC;LPAG*LHZLLvL B
MSME Credit Growth Initiatives were launched in 250
UVPKI&LLH&LTB LLvLWLTB &LTB &L M &LC; LPAG*LHZ branches in the month of January 2014, primarily with the
EILRWL3L&LR<¶L3LGV&VNÎT¶LLTBETML'LEIYC;GU6HTBCM*LHZ following 2 goals to be achieved under this initiative. After
^LKLÈL*3LGE¶LLY¶LL"3L3*L1LL3L>VPB$LK&LTBWL4KLLvL BCM&LTB this, 35 more branches were added from November 2014
onwards taking the total number of such branches to 285.
ULT.IYC;BGUMMT TMILLvLWLTBEIERZMB<¶LLHLTYC;"
q To reduce turnaround time to 2-4 weeks;
q ÈG3LP3L;VELZ 7V;WKLNB.
ELT L7LEKM*3LLHEKVL@
q To grow MSME portfolio by 30% on YoY basis.
q &L M &LC;*LLT7*; L2LTGZ¶LLT&LTB PL;OKPL;WLÉLLK*LKPAGEKVL@
&L M &LC; *LLT7;*L2LTGZ¶LLT &LTB EI $L4BE EI M&LY[ PAG OK The MSME portfolio of these identified branches increased
from ` 36,283 crore as on 31st March 2014 to ` 44,983 crore
EI3LRZVL&LTB EIPAGOU; EK3LT HR CVGQGª3LLLvLWLTB EL as on 31st March 2015, registering growth of 24% against the
&L M &LC;*LLT7;*L2LTGZ¶LLT&LLQ;ET`>EKLT.MT$LEK Bank’s overall growth rate of 21.37% in MSME portfolio.
&LLQ;ELT`>EKLT.HLTY¶LL"
q vL] PB
²GLWLÉLLGK3LÈMB-EKLCELC¶LLTBELTWGY[&LLTB*LK$¶LLU • Interest Concession on Advances to Food & Agro Based
Processing Units
EI/X7vL] PB ²GLWLÉLLGK3LÈMB-EKLCELC¶LLTB ELT $L4BE^LKL
Concession in Rate of Interest ranging from 0.50% to 2.50%
$¶LLUEIOK&LTBMT3LEEI/X7ÈOLVEIYC;"CMET on Food and Agro based units were extended by the Bank.
WG3LGK%S>CVCELC¶LLTB ELT ÈLTMTMY!ÈLKBG)LELR:E&LTB EI/X7 Apart from that, concession in processing / upfront fee of 50%
)LIN*LZ$ÉL'LI" was also available in these units.
q ²GLWLOLVLTBETGV&LL;L&LTBMBZ9V &L M &LC;CELC¶LLTBELT$¶LLU • Concession in Rate of Interest to MSME units engaged in
OK&LTB /X7²GLWLOLVLTB ET GV&LL;L&LTB MBZ9V &L M &LC; CELC¶LLTB manufacturing of agriculture inputs
ELT$¶LLUEIGPLTLGK¶LL¶L3LIOKW'LL;3L_$LIWLK%MT$LIWLK% Special concessional Rate of Interest i.e. BR+1% to BR+2%
was available to MSME units engaged in manufacturing of
N*LZ$ÉL'LI" Agriculture Inputs.
q PT¶LKHLNMKMIOLTB *LKLPT¶LKHLNMKMIOLTB *LKLHT3LR $¶LLU • Loan against Warehouse Receipt
EIGPLTLGK¶LL¶L3LIOKW'LL;3L_ $LIWLK% MBJLGP;EÈ$LBÉLELTB ET Special concessional Rate of Interest i.e. BR+1%, (inclusive of
È)LLKMGH3L
N*LZ$ÉLH4" charges of Collateral Managers) was available under the scheme.
q MIUI7I &L MC; ET 3LH3LEPKGE Y MX\&LWL4KZ LR N]&LLTB • Interest Concession to Micro and Small Enterprises Covered
Under CGTMSE
HT3LR $¶LLU &LTB /X7 $L4BE MIUI7I &L MC; ET 3LH3L EPK GE Y
The Bank extended interest concessions to MSE accounts
&L MC; vL3LLTB &LTB 3LEEI$¶LLU/X7)LIÈOLVEKKHLH4" covered under CGTMSE upto 0.25%. Maximum Rate of
MIUI7I &L MC; ET WB3LY;3LWLVT PLZT vL3LLTB &LTB WPGÉLÈIG&L¶LLMGH3L Interest capped at BR+4.00% including term premia was
N1Q3L&L$¶LLUOKMI&LL$LIWLK'LL" available in the CGTMSE covered accounts.
37
q GPºLI¶LPL;ETOL4KLVGVG*L3LVC;¶LLTUVL B • New Schemes Formulated during FY’15
$L4BEVTÈG3LGs3LPLHVGV&LL;LCELC¶LLTBETGZ EVC;¶LLTUVLW'LL;3L_ The Bank formulated a new Scheme i.e., “Supply Chain
Financing” for reputed vehicle manufacturing units. In
?WL*LX3L+ABvZLELGPºL*LLTLLGVG*L3LEIH4"CMETWG3LGK%S>$L4BE
addition to this, the Bank devised two more schemes such as
VT &L M &LC;GV&LL;LCELC¶LLTBETGPºL*LLTLLHT3LR*LI V$LIGV&LL;3LL3L'LL PNB Nirmata for financing MSME manufacturing units and
&L M &LC;MTPLCELC¶LLTBETGPºL*LLTLLHT3LR*LI V$LIMTPLU4MIOLTW6¶L PNB Sewa for financing MSME service units.
¶LLTUVL B)LI3L4¶LLKEIH4B"
Further, the Bank revamped the Scheme for traders as Kushal
ML'LHI>GPºLI¶LPL; ET OL4KLV$L4BEVT 0¶LL*LLGK¶LLTB HT3LR ¶LLTUVL Vyapari & Super Trade during FY’15. The Bank also revised
ELERLZ0¶LL*LLKI PBMR*LK7T.¶LLTUVLET*L&LTBVPIEKLGE¶LL" the scheme of General Credit Card for non-agricultural
$L4BEVT Y4K²GLN]G&L¶LLTB ET GZ MLÉLLKL¹TG.7EL.; EI¶LLTUVL entrepreneurs.
ELT)LIMBLLTGÉL3LGE¶LL"
During FY'15, the Bank entered into a tie up with National
GPºLIPL;ETOL4KLV>$L4BEVTKLrI¶LZ LRN]LTYGVY&L V MWLC;MI
Small Industries Corporation (NSIC). In this, NSIC would
ETML'LY#$LBÉLV&LTBÈPTLGE¶LL"CM&LTB V MWLC;MIÈLTMTMYLR:E source the applications to the Bank with sharing of processing
ELT MLLEK3LT HR $L4BEET GZ WLPTOVLTB EIMLTMYEKTYL"CMET fee. Besides, the Bank also formulated Scheme for financing
WG3LGK%S$L4BEVT ELKLT$LLKÈG3LGVGÉL¶LLTB ET GPºL*LLTLLEI¶LLTUVL)LI Business Correspondents.
GVG*L3LEIH4"
q &L M &LC;M&LXH • MSME Clusters
$L4E
B VT M&LXH WLÉLLGK3L L OAGrELTL ELT W*LVL¶LL H4 WL4K &L M &LC; The Bank adopted the cluster based lending approach and adopted
55 clusters to give extensive services to the MSME sector.
\LTL ELT 0¶LL*LE MTPL B ÈOLV EKVT HT3LR $L4EB ET *LLM M&LXH H4"B
q MX\&L PBZ LRWL4K&LÉ¶L&LN]&LLTB GPGV&LL;LWL4KMTPL\LTL
ETGZ • Simplified Loan Application for credit requirement up to ` 100
`ZLv3LEEILWLP¶LE3LLWLTBHT3LRO-3LLPTULTBEIULQMXQI lakh for Micro, Small and Medium Enterprises (Manufacturing
& Service sector) was made available along with the checklist
MGH3LMKZI²3LLWLPTOVN*LZ$ÉLEKL¶LLY¶LLH4"CMIÈELK> of documents. Similarly, Simplified Loan Application for
MX\&L>Z LR WL4K&LÉ¶L&LN]&LLTB GPGV&LL;L\LTL
ET GZ EKLT. credit requirement for more than ` 1 crore for Micro, Small
MTWGÉLEEILWLP¶LE3LLWLTBHT3LR)LIO-3LLPTULTBEIULQMXQI and Medium Enterprises (manufacturing sector) was made
MGH3LMKZI²3LLWLPTOVN*LZ$ÉLEKL¶LLY¶LLH4" available along with the checklist of documents.
q $L4BE^LKL &L MC; MBPY; ET 3LH3LÈ3¶LLGL3LGL¶LLTB ELTWL8VZLCV • Facility of submission of application on-line and tracking
WLPTOVÈ-3LR3LEKVT3L'LLNVEI74EYEIMRGPÉLLN*LZ$ÉLEKLC; them by prospective borrowers under MSE segment was
YC;'LI"CMMRGPÉLLETWB3LY;3LWL8VZLCVWLPTOVELT$LLPLOTVTHT3LR provided by the Bank. Under this facility, concession of 20%
in upfront fee and processing fee was extended to borrowers
TMTGL¶LLTBELTÈLKBG)LELR:EWL4KÈLTMTMYLR:E&LTBEI/X7
to encourage this practice.
ÈOLVEIUL3LIH4"
q $L4BE VT WLLTE ZTZ4B.> 7L7L &LLT7M;> GL¶LL &LLT7K P%M;> HOR-3LLV • The Bank signed a MOU with vehicle manufacturers like
&LLT7M;>&LHÇL B.&LHÇL>G*LWLGU¶LLT>WLC;MI &L ZGZG&L7T.>WL¶LLK Ashok Leyland, Tata Motors, Asia Motors Works, Hindustan
Motors, Mahindra & Mahindra, Piaggio, ICM Ltd., Eicher
PLT:PLT>W3LRZWL87LT>$LULU&LLT7M;WL4KUT MWL87LT*LIGZG&L7T.U4MT
Volvo, Atul Auto, Bajaj Motors and J S Auto P Ltd. and MOU
PLHV GV&LL;3LLWLTB ET ML'L MH&LG3L ,L*LV *LK H-3LL\LK GE H4B 3L'LL had also been signed with Escorts for financing transport
*LGKPHV.IZKLTBETGPºL*LLTLLHT3LR -EL87_M;ETML'L)LIMH&LG3L,L*LV dealers.
*LKH-3LL\LKGE Y H4B"
)LLK3L MKELK EI ¶LLTUVLWLTB WL4K EL¶L;¹&LLTB EL EL¶LL;6P¶LV KLr Implementation of Government of India Schemes and
ETWL'LEGPELMETGPºL*LLTLLHT3LR$L4E B VT)LLK3LMKELKEIGPG)L£ Programmes: The Bank pro-actively participated in various
Government schemes viz. Prime Minister Employment
¶LLTUVLWLTB &LTB WY[MG¹¶L*LMT MH)LLGY3LLEI¶L'LLÈÉLLV&LBLIKLTUYLK Generation Programme (PMEGP), Credit Link Capital Subsidy
MAUVEL¶L;¹&L *LI &LC;UI*LI
MX\&L PBZ LRN]&LLTB ETGZ LMH$L Scheme (CLCSS) for Micro & Small Enterprises, Khadi &
*LXU
I MG$M.I ¶LLTUVL MI ZMI M M
vLOI PB Y[L&LLT]LTY WL¶LLTY Village Industry Commission (KVIC), Technology Upgradation
ETPIWLC;MI
WL4K7T%M7LCZWL4KUX7\LTLETGZ ÈL4]LTGYEIN£¶LV Fund Scheme for Textile & Jute Sector (TUFS) and Subsidy
ELTL ¶LLTUVL 7I¶LX *L2 M
vL] ÈMB-EKL N]LTY ET GZ MG$M.I Scheme for Food Processing Industries, etc., to fund the
economic development of the country. The Bank also entered
¶LLTUVLWLGO"$L4E B VT7IC;%¶LX¶LX*LI ÈL4]LTGYEIYRLPºLLN£¶LVM&L'L;V
PB into a Tie-up with Ministry of MSME for TEQUP (Technology
7IWLKC; .I M 0¶LL*LLKMB$LBGÉL3LN]G&L3LLMHL¶L3LLWL4KGPELM¶LLTUVL
Quality Upgradation Support) & TREADs (Trade Related
ET GZ &L M &LC; &LBLLZ¶L ET ML'L Y#$LBÉLV &LTB )LI ÈPTL GE¶LL" Entrepreneurship Assistance & Development Scheme).
38
okf"kZd fjiksVZ
v. GPºLI¶LM&LLPTLV v. Financial Inclusion

GPºLI¶LM&LLPTLV$L4E B EIÈL'LG&LE3LLEL\LTLKHLH4 ULT CMET G&LLV Financial inclusion was the priority area for the Bank as
??$L4E
B KGH3LETGZ $L4B EYET*L&LTB *LGKZG\L3LHLT3LLH4"¶LHCM3L'¶LMT reflected in its mission "Banking for the Unbanked”. This was
evident from the fact that the Bank actively participated in the
-*LrHLTY¶LLGE$L4E B VTÈÉLLV&LBLIUVÉLV¶LLTUVL *LI &LUT.IPLC;
&LTB MG¹¶L Pradhan Mantri Jan Dhan Yojana (PMJDY). This scheme was
*LMT)LLYGZ¶LL"¶LH¶LLTUVL)LLK3LET&LLVVI¶LÈÉLLV&LBLIUI^LKLGOVLBE launched by Hon’ble Prime Minister of India on 28.08.2014
ELTG&LLV&LLT.&LTB WLKB)LEIYC;'LI"*LHZTQKLET3LIV-3LB)L in mission mode. The three pillars of first phase i.e., Universal
W'LL;3L_$L4B EYMRGPÉLLWLTB EIMLP;)LL4G&LE*LHRQ
$LQ3L PBÉLVÈTLLETGZ access to banking facilities, Providing Basic Banking Accounts
for saving & remittance and RuPay Debit card with inbuilt
*LT.TG$L7EL.;3L'LLZLvETCVG$L:7OR L;7VL$LI&LLEPKETML'L
accident insurance cover of ` 1 lakh and Financial Literacy
$LTGME$L4B EYvL3LTN*LZ$ÉLEKLVLWL4KGPºLI¶LML\LK3LLEL¶L;¹&LGOVLBE Programme were accomplished successfully on 25.01.2015.
ELT M*L2Z3LL*LXPE ; *LXL; EKGZ Y "CV3LIV-3LB)LLTB ET The details of three pillars are as follows:
GPPKLGV&VLVRMLKH4B
1. Universal access to banking facilities: Mapping of each
$L4BEYMRGPÉLLWLTBEIMLP;)LL4G&LE*LHRQÈ3¶LTEGUZTEIN*L district into Sub Service Areas (SSAs) catering to 1000-
MTPL\LTLLTB M M
&LTB&L4*LYULT*LGKPLKLTBELTCM 1500 households in such a manner that every habitation
ÈELKMRGPÉLL BÈOLVEKTBGEÈ3¶LTE*LGKPLKET*LLM ENGQ3LOXKI> has access to banking services within a reasonable
NOLHKLL'L;GE&LI>ET)LI3LKHI$L4BEYMTPLWLTBEI*LHRQHLT" distance, say 5 km.
$L4BEYWLN7ZT7ET&LLÉ¶L&LMT M M EIEPKTU Y[L&LIL a. Coverage of SSAs through banking Outlets (Rural &
Semi Urban)
PBWÉL;LHKI
GOVLBEEIG-'LG3L) (Position as on 31.03.2015)

MTPL\LTLETYLBP M M EI LLvLWLTB^LKL $LIMI^LKLEPK Service Area No. of SSAs Covered through Covered by
MB<¶LL EPKGE Y GE Y Villages Branches BCs
38970 8408 2444 5964 38970 8408 2444 5964
$LILHKIPL.LTEIEPKTU b. Coverage of Urban Wards

PL.LT M M LLvLWLTB^LKL $LIMI^LKLEPK No. of Wards No. of SSAs Covered through Covered by
EIMB<¶LL EIMB<¶LL EPKGE Y GE Y Branches BCs
4130 3355 1849 1506 4130 3355 1849 1506
$L4BEvL3LT vLTZVL *LI &LUT.IPLC; ET WVRMLK>È3¶LTE*LGKPLK
2. Opening of Bank Accounts: In terms of PMJDY, every
ELT GOVLBE 3LE LLvLWLTB!$L4BE G&LL $LIMI
&LTB household was to be provided with at least one Bank
E&L MT E&L E $L4BE vL3LL N*LZ$ÉL EKL¶LL ULVL 'LL"G&LLV account at branches/Bank Mitr (BC) by 26.01.2015. In
&LLT. &LTB,$L4BE vL3LL KGH3L *LGKPLKLTB EI MPT;\LL ET &LLÉ¶L&L mission mode, households without a bank account were
MT *LHQLV EI YC; WL4K EPK VHIB GE Y *LGKPLKLTB ET identified through survey and accounts were opened for
GZ vL3LT vLTZT Y " ¶LH vL3LT *LLM$LRE PB *LT EL.; ET uncovered households. These accounts were issued with
ML'L ULKI GE Y " WLYT $L3LT HR > CV vL3LLTB &LTB WLÉLLK Passbook & RuPay cards. Moving ahead, Aadhaar seeding
EI MI.Y EI YC; GUMMT .I$LI7I!.I$LI7I Z ZL)LLTB ET was done in these accounts to facilitate DBT/DBTL
ML'LML'L WLÉLLK M\L&L )LRY3LLV ÈLLZI C;*LI M)ZTVOTV benefits as well as enabling Aadhaar Enabled Payment
EI MRGPÉLL ÈOLV EI UL MEI" G-'LG3L VIQT OI YC; H4:- System (AEPS) transactions. The position is given below:-
GOVLBEEIG-'LG3L PBMB<¶LLZLv&LTB
(As on 31.03.2015) & Number in Lakh
*LI &LUT.IPLC;ET3LH3L ULKIGE Y ULKIEIYC; MI.GE Y A/Cs opened under RuPay Card Pass Book Aadhaar
vLTZTY vL3LT *LTEL.; *LLM$LRE WLÉLLK PMJDY i.e. BSBDA issued issued Seeded
W'LL;3L$LI M$LI.I
84.74 77.50 73.70
90.17 84.74 77.50 73.70 90.17
(93.90%) (85.90%)
(93.90%) (85.90%)
GPºLI¶L ML\LK3LL WG)L¶LLV *LI &LUT.IPLC; ET 3LH3L> GPºLI¶L 3. Financial Literacy Campaign: Under PMJDY, Financial
ML\LK3LL E&LH3P*LXL;-3LB)LH4ULTZLTYLTB ELTW*LVIGPºLI¶L¶LLTUVL Literacy is one of the important pillars focusing on
preparing the people for their financial planning and
$LVLVTWL4KLELZL)LN#LVTETGZ 3L4¶LLKEKVT*LKÉ¶LLVETGB Ç3L availing credit. One of the major modes for disseminating
EK3LIH4"GPºLI¶LML\LK3LLET ÈMLKET È&LRvMLÉLVLTB &LTB MT E financial literacy is Financial Literacy Centres (FLCs)
GPºLI¶LML\LK3LLET6Ç *L2 ZMI
H4B ULTOTL)LK&LTB Y[LHELTB ELT which are providing free financial literacy/education and
GVLR:EGPºLI¶LML\LK3LL!GL\LLWL4KL*LKL&LL;ÈOLVEKKHTH4"B credit counseling to the customers across the country.
39
*LHZ .I$LI7I Z
¶LLTUVL Z*LIUI N*L)LLT%SLWLTB ET GZ PAHAL (DBTL) Scheme: Modified scheme of Direct
È3¶L\LZL)LWB3LKLEIMBLLTGÉL3L¶LLTUVL>GUMT*LHZET*L&LTB Benefit Transfer for LPG Consumers, also known
)LIULVLUL3LLH4>ELWLKB)LGOVLBEELTGUZLTB as PAHAL, was initially launched in 54 districts on
15.11.2014 and later on implemented across the country
&LTBGE¶LLY¶LL'LLWL4K$LLO&LTBGOVLBEMTCMELTOTL from 01.01.2015.
)LK&LTBZLYXEKGO¶LLY¶LL"
GPºLI¶LPL;ETOL4KLVEIYC;*LHZ 4. Initiatives taken during FY’15
*LI V$LI3LRKB3L 3L3ELZ)LRY3LLVÈLLZIWLC; &L*LI M
3L3ELZ a. PNB Turant (Immediate Payment System-IMPS):
Immediate Payment System (IMPS) allows interoperable
)LRY3LLVÈLLZIWLC; &L*LI M&LTB0¶LG%SMTvL3LT *LI
&LLT.ET
“Fund Transfer facility” on real time to customers with
ML'LY[LHELTB ELT PL-3LGPEM&L¶LWLÉLLK*LKWB3LKÈQGZ3L?J2B. Person to Account (P2A) mode. This Initiative was already
7LBM*L2K MRGPÉLL EI WVR&LG3L OT3LL H4" ¶LH *LHZ &LLT$LLCZ *L2LTV> implemented through mobile phone, ATM and Internet
7I &L WL4K CB7KVT7 $L4BEY MRGPÉLL WLC;$LI M
ET &LLÉ¶L&L MT Banking facility (IBS). IMPS facility was launched through
*LHZTMTHIZLYXH4"vL3LLÉLLKELTBETML'LML'LPL8ECVY[LHELTB BC network both for account holders as well as walk-in
ET GZ ELKLT$LLK ÈG3LGVGÉL VT7PE; ET &LLÉ¶L&L MT WLC; &L*LI M customers.
MRGPÉLLELWLKB)LGE¶LLY¶LL"
$LI*LI V$LIMBQ¶L MX\&LU&LL¶LLTUVL
CMMX\&LU&LL¶LLTUVLELT b. PNB Sanchay (Micro Deposit Scheme): Micro Deposit
Scheme was customized with focus to inculcate saving
/LT7T 0¶LL*LLGK¶LLT>B GP¹T3LLWLT>B GK%LLQLZELTB WLGOU4MT GV&VWL¶LM&LXHLTB
habit among low income groups like small businessman,
ET$LIQ$LQ3LEIWLO3L*L4OLEKVTELTÉ¶LLV&LTB Kv3LTHR E-7&LLCU vendors, rickshaw pullers, etc. It was operational from
GE¶LLY¶LLH4"¶LHELKLT$LLKÈG3LGVGÉL-'LLVLTB MTÈQLZV&LTB H4" Business Correspondent locations.
MIW6¶L*LHZ c. Other initiatives
i. C;ETPLC;MI$L4BEvL3LLvLTZVTETGZ >C;ETPLC;MIN3*LLO*LX i. e-KYC: For opening of Bank account, e-KYC product
L;3L¶LL*LGKQLZV&LTBH4WL4KLLvLWLTB3L'LL$LIMI-'LLVLTB*LKMRQL was fully operational and worked smoothly both at the
*LMTEL¶L;EKKHLH4" branches and the BC locations.
ii. WLÉLLK MI.Y MRGPÉLL 3L'LL P4EG:*LE GP3LKL Q4VZLTB ii. Aadhaar Seeding facility & Seeding of Aadhaar request
7I &L CB7KVT7 $L4BEY> M &L M PB WLC;PIWLK M
received through Alternate Delivery Channel (ATM,
ET &LLÉ¶L&L MT ÈL*3L WLÉLLK WVRKLTÉLLTB EI MI.Y WLÉLLK Internet Banking, SMS & IVRS): Aadhaar seeding facility
MI.Y MRGPÉLL LLvLWLTB &LTB *LGKQLZVK3L 'LI WL4K $LIMI -'LLVLTB was operational at branches and the facility was being
*LK¶LHMRGPÉLLE-7&LLCUEIULKHI'LI"WLÉLLKMI.YHT3LR customized at BC locations. Request for Aadhaar seeding
was being received through ATM, Internet Banking and
WVRKLTÉL 7I &L>CB7KVT7$L4BEYET&LLÉ¶L&LMTWL4K M &L M^LKL through SMS. All requests received through alternate
ÈL*3LGE ULKHT 'LT"P4EG:*LEGP3LKLQ4VZLTB ET &LLÉ¶L&LMT delivery channels were pushed for Demo Authorization
ÈL*3LM)LIWVRKLTÉL.T&LLTÈ&LLLIEKLETGZ WLYT$LL Y WL4K and sent to UIDAI for verification. On receipt of response
M3¶LL*LVHT3LR ¶LXWLC;.I WLC; ELT ÈTGL3LGE Y "¶LXWLC;.I WLC; from UIDAI, all successful records were seeded in the
MT È3¶LRºLKG&LZVT *LKM)LIM*L2ZGKEL8.; ELT Y[LHELTB ET vL3LLTB accounts of the customers and SMS alerts were sent to all
&LTB MI. GE¶LL Y¶LL 3L'LL M)LI M*L2Z PB GP*L2Z &LL&LZLTB ELT successful and failed cases.
M &L MWZ7;)LTUTY "
iii. $LIMI -'LLVLTB *LK &LLC¹LT 7I &L ZYL¶LL ULVL $L4BE $LIMI iii. Deployment of Micro-ATMs at BC locations: The Bank is
-'LLVLTB*LK&LLC¹LT 7I &LZYLVTEIÈG¹¶LL&LTBH4" in the process of deploying Micro-ATMs at BC locations.
iv. WLÉLLKMB<¶LLELVL&LLBEV$L4BEVTWLÉLLKMB<¶LLETVL&LLBEVET iv. Enrolment of Aadhaar number: The Bank engaged 7
GZ UTBGM¶LLTB +TLI7IWL4K *L2ET3LH3L¶LXWLC;.I WLC; agencies (empanelled by UIDAI under category T-3 &
F-4 ) namely, (i) M/s Smart Chip Limited, (ii) M/s Eagle
^LKLMXQI$L
ELT MBZ9VGE¶LL>¶L'LL i
&LTMM; -&LL7; GQ*L Software Private Limited, (iii) M/s Vayamtech Limited &
GZG&L7T. ii
&LTMM; C;YZ ML8¾7PT¶LK ÈLCPT7 GZG&L7T. iii
(iv) M/s Alankit Finsec Limited (v) M/s. Calance Software
&LTMM;P¶L&L7TEGZG&L7T. iv
&LTMM;WZBGE3LG*L2VMTEGZG&L7T. Limited (vi) M/s. Mars Telecom System Private Ltd and (vii)
v
&LTMM;ETZBMML8¾7PT¶LKGZG&L7T. vi
&LTMM;&LLM;7TZIEL8&L M/s. Srei Infrastructure Finance Limited for the enrolment
GM-7&LÈLCPT7GZG&L7T. PB vii
&LTMM;+TC;CB»L-7%QK*L2LCVTBM of Aadhaar number. Around 14.25 lacs enrolments were
GZG&L7T."GOVLBE3LEZY)LYZLvVL&LLBEV made upto 31.03.2015.
GE Y 'LT"
)LLK3LMKELKEIML&LLGUEMRK\LL¶LLTUVL$L4BE$LI&LLWL4K 5. Social Security Scheme of Government of India: The
*LTBLV\LTL&LTB3LIV?GPLTLMRK\LL¶LLTUVLWLTBWL4KJTBLVMT%7KELT Bank was in process of launching three ‘Special Security
Schemes in Insurance and Pension Sector’ i.e. a) Pradhan
WLKB)LEKVT EIÈG¹¶LL&LTB 'LL¶L'LL>
ÈÉLLV&LBLIMRK\LL$LI&LL
Mantri Suraksha Bima Yojana (PMSBY)– for accidental
¶LLTUVL *LI &L M$LIPLC;
WLEG-&LE&LA3¶LR$LI&LLETGZ $LI
death insurance, b) Pradhan Mantri Jeevan Jyoti Bima
ÈÉLLV&LBLI UIPV 5¶LLTG3L $LI&LL ¶LLTUVL *LI &LUTUT$LIPLC;
UIPV Yojana (PMJJBY)– for life insurance cover and c) Atal
$LI&LLEPKETGZ WL4KMI
W7Z*LTBLV¶LLTUVL *LIPLC;
Pension Yojana (APY) for all citizens in the unorganized
WMBYG#3L\LTLETM)LIVLYGKELTBETGZ " sector.
40
okf"kZd fjiksVZ
vi. WLG-3LYRLPºLL vi. Asset Quality

O$LLPY[-3LWLG-3L¶LLTB ELMBGQ3LHLTVL$L4E B ETGZ Q3LLELGPL¶L$LVL The accumultaion of stressed assests remained the concern
KHL"$L4E
B VTWLG-3L¶LLTB EIYRLPºLL&LTB MRÉLLKZLVTHT3LRPAGLIZOLTLLTB WL4K for the Bank. The Bank initiated various measures to arrest
3LLULG-Z*LTU*LKKLTEZYLVTETGZ GPG)L£N*LL¶LGE "M)LIWVU;E the incremental deliquencies and fresh slippages to improve
WLG-3L¶LLTB V*LI
&LTB vL3LLGPGLrM&LLÉLLVEL¶L;VIG3L¶LLTB ELTZLYXGE¶LL the quality of assets. In all NPAs, account-specific resolution
strategies were implemented and progress was monitored
Y¶LLWL4KÈYG3LEIGV¶LG&L3L*LMTGVYKLVIEIYC;" V*LI `
regularly. Daily progress of recovery in NPAs (outstanding
ZLvWL4KWGÉLE$LEL¶LL
&LTB PMXZIEIO4GVEÈYG3L*LKVUKKvI ` 10 lacs and above) was monitored and placed before Top
YC;WL4KCMELTLIL;È$LBÉLVETM&L\LÈ-3LR3LGE¶LLUL3LLKHL"ML'LHI Management. Further, compromise/negotiated settlements
V*LI MTGV*L7VTETGZ NÉLLKE3LL;WLTB ETML'LWZYWZY$L4#ELTB ET through one to one meeting with borrowers was adopted
&LLÉ¶L&LMTM&LL43LL!$LL3LQI3LET^LKLGV*L7LVLTB ELTW6¶L&LH3P*LXL;KLVIG3L as another vital strategy to tackle NPAs. The Bank also had
ET *L&LTB W*LVL¶LLY¶LL"$L4E B &LTB WLG-3LPMXZIÈ$LBÉLVLLvL B 17 Asset Recovery Management Branches (ARMBs) and
WLK &L$LI
PBGPLTLWLG-3LPMXZIE\L M WLKMI
)LIH4B 20 Special Asset Recovery Cells (SARCs) which function
ULTGPLTL*LMT V*LI ETM&LLÉLLVHT3LREL¶L;EK3LTH4"B exclusively for resolving NPAs.
GPºLI¶LPL;ETOL4KLVEIYC;JHZT Initiatives taken during FY’15
q LPMXZIJ[LGÉLEKLETOLPLTB EIJ[DÉB L*L[LLZIPuL;V E TML q The Debt Recovery Tribunal Cases Monitoring System
Version 1.1 was one such endeavor that was ahead of its
È¶LLM'LLULT W*LVT M&L¶LMT WLYT EL'LLWL4K V*LI ET M&LLÉLLV times and a pro-active step towards resolution of NPAs.
EIGOLL&LTB EWY[MG¹¶LEO&L'LL".IWLK7I&LTB OL¶LK&LL&LZLTB EI In order to monitor progress of the cases that were filed
ÈYG3LEIGVYKLVIEKVT 3L'LLLLvLWLTB PB PEIZLT!B WGÉLP%SLWLTB ELT in DRT, and made branches and counsel/advocates pro-
TMT &LL&LZLTB &LTB WY[MG¹¶LWVRP3LI; ELK;PLC; EKVT &LTB M\L&L$LVLVT HT3LR active for follow-up of such cases, an easy and hassle free
EMKZ PB*LKTLLVIKGH3LWL8VZLCV*LLT7Z ; WLKB)LGE¶LLY¶LL"ELVXVI Online Portal was introduced. The very purpose of the
ÈG¹¶LLWLTB ELTNVET3LLEEWB3L3LEZTULVLWL4K.IWLK7I&LTB OL¶LK Portal was to take legal processes to their logical end and
È3¶LTE&LL&LZT ET GPL¶L&LTB W]3LVMXQVLN*LZ$ÉLEKLVLCM*LLT7Z ; to make available up-to-date information about each and
EL&LR<¶LNÎT¶L'LL" every case that has been filed in DRT.
q *LBUL$LV4LVZ$L4E B EI EW6¶LWY[MG¹¶L*LHZMK*L2TMIELK;PLC; q Another pro-active initiative of Punjab National Bank, was
streamlining the entire process of various steps followed
EKVT&LTB *LLZVGE ULVTPLZTGPG)L£QKLLTB EIM&*LXL;ÈG¹¶LLELT
in undertaking SARFAESI Action. Details of all the NPA
0¶LPG-'L3L EKVL 'LL" MK*L2TMI ELK;PLC; WLKB)L EKVT HT3LR *LLL M)LI Accounts eligible for initiating SARFAESI Action were
V*LI vL3LLTB ETGPPKLLLvLWLTB ^LKL*LLT7Z ; &LTB OU;GE Y GUVELT entered in the Portal by the branches which can be accessed
GVYKLVIETÈ¶LLTUVMT&LB.ZEL¶LL;Z¶LLTB *L2UI &LEL¶LL;Z¶LLTB WL4KÈÉLLV by the Circle Offices, FGM Offices and Head Office for
EL¶LL;Z¶L^LKLOTvLULME3LLH4"LLvL B NVvL3LLTB EIGK*LLT7; )LI monitoring purposes. Branches could also generate reports
N3*L£EKME3LIH4B GUV&LTB GPLTLELK;PLC; ZBG$L3L'LI"GEMIGPLTL of accounts where a particular action was pending. All the
vL3LT&LTB MK*L2TMIELK;PLC;EIÈYG3LMTMB$LBGÉL3LM)LIGPPKLW$LETPZ details relating to progress of SARFAESI Action, particular
EG%ZEOXKH4>B U4MT
VLTG7MULKIEKVL
VLTG7M account is just a click away like 13 (2) Notice Issue, 13 (4)
ULKIEKVLWQZMB*LGºL¶LLTB ELE$ULZTVL>WLKG\L3L&LX:¶LGVÉLL;KL Notice Issue, Possession of IPs, Reserve Price Fixation and
conduct of E-Auction. Circles and FGMOs could follow-up
C;VIZL&LIELMBQLZV"GPZB$LEIOLL&LTB &LB.Z3L'LL *L2UI &LWLT with the branches in case of delays.
LLvLWLTB ETML'LWVRP3LI;ELK;PLC;EKME3LTH4"B
q ÈL4]LTGYEI ET VPLT6&LTLI N*L¶LLTY ET WLKB)L VT E È)LLPI M&LLÉLLV q Advent of innovative usage of technology provided an
effective solution and transparent mode of sale of secured
3L'LLC;VIZL&LIET&LLÉ¶L&LMTMRKG\L3LWLG-3L¶LLTB EIG$L¹IEL*LLKOLI; assets through E-Auctions. As advised by the Department
&LLÉ¶L&LN*LZ$ÉLEKL¶LL"GPºLI¶LMTPL B GP)LLY>GPºL&LBLLZ¶L>)LLK3L of Financial Services, Ministry of Finance, Govt. of India
MKELK .I *L2 M &LWLT *L2UIWLTWLC;
^LKL -P3LBL> GV*L\L PB (DFS-MOF-GOI) to conduct free, fair and transparent
*LLKOLI;VIZL&LIWL¶LLTGU3LEKVTEIMXQVLETWVRMLK>.IWLK7I&LTB auctions, the option of introduction of e-auctions in DRTs
C;VIZL&LIELWLKB)LEKVT ET GPE:*L*LKGPQLKGE¶LLY¶LLWL4K were considered and all the auctions were conducted
M)LIVIZLG&L¶LLTB ELT CZT%7LG8 VE*LMT WL¶LLTGU3LGE¶LLY¶LL"CM electronically. In this process, the concerned banks shall
ÈG¹¶LL&LTB MB$LBGÉL3L$L4EB C;VIZL&LI&LBQEI0¶LP-'LLEKTYB T WL4KCMET arrange e-auction platform and pay for it as they were
GZ TMT )LRY3LLVEKTYB T U4MT PTGP,L*LVETGZ )LRY3LLVEKKHTHLT"B paying for the advertisement. After issue of notice for
auction, proclamation of sale by the Recovery Officers,
PMXZIWGÉLELGK¶LLTB ^LKLG$L¹IVIZL&LI LLTLLLELVLTG7MULKIGE
the concerned bank may be advised to arrange for the
ULVTET*L1LL3L>MB$LBGÉL3L$L4E B ELT?C;VIZL&LIHT3LR0¶LP-'LLEKVTEI “e–auction”. Accordingly, the Bank has been conducting
MZLHOIULME3LIH4"3LOVRMLK$L4E B MK*L2TMIWGÉLGV¶L&LET 3LH3L e- Auctions both under SARFAESI Act and at DRTs.
3L'LL.IWLK7IOLTVLTB &LTB HIC;VIZL&LIELWL¶LLTUVEKKHLH4"
q Further in this direction, Punjab National Bank was set
q WLYTCMGOLL&LT>B C;VIZL&LIEIÈG¹¶LLELTWLB3LGKE*LMT)LIZLYX to create yet another history to implement the process of
EK*LBUL$LV4LVZ$L4E B EWL4KCG3LHLM$LVLVTEIWLTKWY[MKHRWL" e-auction in house. The very first In-House e-auction on
B EIPT$LMLC7 www.pnbindia.biz*LKGOVLBEELT
$L4E the Bank’s website www.pnbindia.biz held on 01.04.2015
&LBEL)LXPVTPK&LTB MB*L£HRC; MP;È'L&LWLB3LGKEC;VIZL&LIM*L2ZKHI" at CO: Bhubaneshwar was successful.
41
q ÈKLT.3LEETvL3LLTB&LTBMTPLGVPAºL$L4BEWGÉLELGK¶LLTBELTE&LILV q Retired bank officials were engaged as Resolution Agents
ETWLÉLLK*LKM&LLÉLLV UTB7LTBET*L&LTBEL¶L;ML4B*LLY¶LL" on commission basis in accounts up to ` 1 crore.
q GPºLI¶LPL;ETOL4KLV>L&LRG%SGLGPKLTB&LTB> q During FY’15, in 5539 Rin Mukti Shivirs, cash recovery

of ` 269 crore was made in 64393 accounts and 27355
vL3LLTB&LTBÈKLT.EIVEOPMXZIEIYC; PBvL3LLTB accounts were upgraded with balance outstanding of ` 388
ETN£¶LVMT$LEL¶LLLTLU&LLKLGLÈKLT.KHI"CMÈELK> crore. Thus, NPAs aggregating ` 656 crore were resolved
CVGLGPKLTB&LTBÈKLT.ET V*LI ELGV*L7LVGE¶LLY¶LL" in these shivirs.
q V*LI ETLI L[GV*L7LVHT3LRET E$LLKYIGV*L7LV WLT7I M

EL q One Time Settlement (OTS) was marketed as a product
EN3*LLOET *L&LTB GP*LLVGE¶LLY¶LLWL4K>vL3LLTB &LTB for faster resolution of NPAs and OTS cases in 55,320
accounts were approved.
WLT7I MELTWVR&LLTGO3LGE¶LLY¶LL"
q N*LKLT%SGQªLBGE3L*LHZLTBETELKL$L4BEVT3LLULG-Z*LTUPLZTvL3LLTB q Due to the above highlighted initiatives, the Bank recovered
` 3143 crore in freshly slipped accounts.
&LTBÈKLT.PMXZGE "
q Accounts with aggregate outstanding of ` 999.62 crore
q ÈKLT. ET ERZ$LEL¶LLPLZT vL3LLTB EL&LLVE+TLI&LTB
were upgraded to standard category. Total cash recoveries
N£¶LV GE¶LL Y¶LL" V*LI vL3LLTB &LTB ERZ VEOI PMXZI ` in NPA accounts amounted to ` 2925 crore. Through
EKLT.KHI"MRGVÉLL;GK3LPMXZIVIG3LET&LLÉ¶L&LMTWVR&LLTGO3LWLT7I M well defined recovery policy ` 655 crore were recovered
&LL&LZLTB&LTBPL3LL;ETUGK M&LL43LTET&LLÉ¶L&LMTÈKLT.PMXZ in approved OTS cases through negotiated settlements.
During FY’15, the Bank recovered ` 1017 crore in the
GE Y "GPºLI¶LPL; ET OL4KLV$L4BEVT *LXP; &LTB W*LGZGv3L accounts written off earlier.
GE ULQRETvL3LLTB&LTBÈKLT.EIPMXZIEI"
WL4]LTGYE*LRVPL;M a. Industrial Rehabilitation
$L4E
B VT L*LRVY;#V^LKLWL4]LTGYE\LTLHT3LR W3¶LLP¶LEKLH3LÈOLV The Bank continued its efforts towards rehabilitation of
EKVTETGZ MB)LLGP3L0¶LPHL¶L;$LI&LLKCELC¶LLTB ET*LRVPL;MEIGOLL&LTB potentially viable sick units to provide the much needed
relief to industrial sector by debt restructuring. The Bank
W*LVTÈ¶LLMULKIKvT"$L4E B ELTvL3LLTB &LTB $LIWLC; *L2WLKEIWL8*LKT7Y was assigned the role of ‘Operating Agency’ of BIFR in
UTMB IEI)LXG&LELML4*B LIYC;"GPºLI¶LPL; ET OL4KLV$L4E B ^LKL 21 accounts. During FY’15, Draft Rehabilitation Schemes
vL3LLTB &LTB ÈL*L*LRVPL;M¶LLTUVL .IWLK M
GVG*L3LEIYC;" (DRS) were formulated by the Bank as Operating Agency
of BIFR in 3 accounts.
$LIEL8*LLT;KT7L*LRVY;#V MI.IWLK
b. Corporate Debt Restructuring (CDR)
MB L!$LHR $L4BEY ET 3LH3L L MRGPÉLLWLTB EL ZL)L ÈL*3L EK KHT To ensure timely restructuring of the debt of viable
0¶LPHL¶L; EL8*LLT;KT7_M ET L EL M&L¶L *LK *LRVY;#V MRGVG1L3LEKVT corporates availing credit facilities under consortium/
multiple banking, a transparent mechanism was formed
ETGZ >MI.IWLKÈLLZIET3LH3L E*LLKOLI;3LBL$LVL¶LLY¶LL'LL" under CDR system. During FY’15, 25 accounts with
GPºLI¶LPL;ETOL4KLVMI.IWLKET3LH3LÈKLT.$LEL¶LL outstanding of ` 4524 crore were restructured under CDR.
ETvL3LLTBEL*LRVY;#VGE¶LLY¶LL"CV*LRVY;G#3LvL3LLTB&LTBMT Out of the 25 restructured accounts, in 4 accounts PNB
vL3LLTB&LTB*LI V$LIELTGVYKLVIMB-'LLEI)LXG&LELML4B*LIYC;" was assigned the role of Monitoring Institution.
MIZ LRWL4K&LÉ¶L&LN]&LLTBHT3LRL*LRVY;#V3LBL c. Debt Restructuring Mechanism for Small and Medium

Enterprises
$L4BEVTPL;MTHIMI.IWLKEI3LuL;*LKZ LR WL4K&LÉ¶L&L
N]&LLTB HT3LR L*LRVY;#V3LBL M &LC; HT3LR .IWLK &L
ELT W*LVL¶LL The Bank already adopted Debt Restructuring Mechanism
for Small & Medium Enterprises (DRM for SMEs) on the
HRWLH4"$L4BE^LKLPL-3LGPEM&L-¶LLWLTBELML&LVLEKKHTZ LRWL4K line of CDR since the year 2005-06. Timely restructuring of
&LÉ¶L&LN]&LLTBEIOT¶LKLGL¶LLTBELM&L¶L*LK*LRVY;#VMRGVG1L3LGE¶LL dues of SMEs facing genuine problems was ensured by the
Y¶LL"GPºLI¶LPL; ET OL4KLV>$L4BE^LKL ÈKLT. EIERZ Bank. During FY’15, the Bank restructured 132 accounts
$LEL¶LLKLGLETvL3LLTBEL*LRVY;#VGE¶LLY¶LL" with an aggregate outstanding of ` 751 crore.
.I*LRVY;#VW6¶L d. Restructuring-Others
NV &LL&LZLTB MGH3L GU6HTB M &LC; ET GZ $LIWLC; *L2WLK!MI.IWLK! The Bank also put in place a transparent mechanism for
.IWLK &L ET 3LH3L EPK VHIB GE¶LL UL ME3LL H4> $L4BE ^LKL NV restructuring of debts of potentially viable units, which
were facing temporary problems due to factors beyond their
MB)LLGP3L0¶LPHL¶L; CELC¶LLTB ET LLTB EL*LRVY;#VEKVT ET GZ E control even for cases which could not be covered under
*LLKOLI;0¶LP-'LL3L4¶LLKEIYC;H4ULTNVETGV¶LBLLMT$LLHKETELKLLTB BIFR/ CDR/DRM for SMEs. During FY’15, 166 accounts
MT W-'LL¶LIM&L-¶LLWLTB ELML&LVLEKKHT H4B"GPºLI¶LPL; ET involving ` 9966 crore were restructured/rescheduled
OL4KLV>ÈKLT.KLGLETERZvL3LLTBELTCM+TLIETWB3LY;3L under this category.
*LRVY;G#3L!*LRVVÉLL;GK3LGE¶LLY¶LL"
42
okf"kZd fjiksVZ
ULTGv&LÈ$LBÉLV 4. Risk Management

ULTGv&L ELT M&LVT> &LL*LVT WL4K CMEL È$LBÉLV EKVT ET $L4BE ET The Risk Management Philosophy & Policy of the Bank is an
embodiment of the Bank’s approach to understand, measure &
OAGrELTLEL&LX3L; *LHI$L4BEELULTGv&LÈ$LBÉLVOL;VWL4KVIG3L manage risk and aims at ensuring sustained growth of healthy
H4WL4KCVELNÎT¶LMRQLWLG-3L*LLT7;*L2LTGZ¶LLTETM3L3L_GPELMELT asset portfolio. This would entail in adopting leadership
MRGVG1L3LEKVLH4"¶LT$L4BE^LKL)LZI)LLBG3LM&LTY N3*LLOLTBWL4K\LTLLTB approach in products and segments well understood by the
&LTB VT3LA3POAGrELTLELT W*LVLVT>E&LMT MIG&L3LULTGv&L-3LKET *LXP; Bank and having pre-determined risk standards of moderate
GVÉLL;GK3L&LLVELTB ET HLTVT>N1QULTGv&LPLZT \LTLLTB &LTB MIG&L3LULTGv&L to low risk level, taking limited exposure in high risk areas,
ZTVT3L'LLULTGv&LWL4KWLG-3L¶LLTB*LKÈG3L*L2ZET$LIQMB3LRZV-'LLG*L3L optimizing the return by striking a balance between the risk
and the return on assets. This strives towards improving market
EKÈG3L*L2ZELTWVREXZ3L&L$LVLVTELTWGVPL¶L;$LVL3LTH4B"¶LTLT¶LKÉLLKE
share to maximize shareholders’ value and augmenting
&LX:¶LELT WGÉLE3L&LEKVT HT3LR $LLULKGH-MTOLKI&LTB MRÉLLKEKVT WL4K business through attracting quality assets, strong monitoring
YRLPºLL*LXL; WLG-3L¶LLTB ELT WLEL3LEKVT>GL¶LLTB EIGPºLI¶LG-'LG3L of borrowers’ financial health and ensuring conservation of
EI&LU$LX3LGVYKLVIEKVTWL4K*LXBUIETMBK\LLELTMRGVG1L3LEKVTET capital.
&LLÉ¶L&LMTELKLT$LLKELT$LLVTEIGOLL&LTBÈ¶LLMEK3LTH4B" The Bank has robust Credit Risk Management Framework
$L4BEELLULTGv&L»T&LPE; MROA H4 WL4K$L4BEVT WLB3LGKEL and developed in-house Credit Risk Rating Models. The
ULTGv&L&LX:¶LLBEV&LL8.ZLTBELGPELMGE¶LLH4"¶LTKT7YY[LHEETL rating models provide a scientific method for assessing
ULTGv&L&LX:¶LLBEVHT3LR P4,LGVE*LG3LN*LZ$ÉLEKL3LT H4B"$L4BEW*LVT credit risk rating of a client. The Bank undertakes periodic
KT7Y&LL8.ZLTB EIÈ)LLPELGK3LLMRGVG1L3LEK3LT HR CVELWLPGÉLE validation exercise of its rating models ensuring their
efficacy and also conducts migration and default rate
P4ÉLIEKL EK3LL H4 WL4K CVEI MROA3LL ET *LKI\LL HT3LR &LLCY[TLV analysis to test their robustness. The output of the rating
PB G.¾2L8:7OKGPZTLLELMBQLZV)LIEK3LLH4"KT7Y&LL8.ZLTB models is used in the decision making of the bank (viz.
ET WLN7*LR7 EL N*L¶LLTY $L4BE ^LKL GVL;¶L ÈG¹¶LL W'LL;3L ¹TG.7 sanction, pricing, Loaning Powers besides Audit, Review &
*LLT7;*L2LTGZ¶LLTEIZTvL*LKI\LL>M&LI\LLWL4KGVYKLVIETWG3LGK%S&LBUXKI monitoring of credit portfolio). The Bank has set a desired
&LX:¶LGVÉLL;KLLLG%S¶LLB
&LTBGE¶LLUL3LLH4"$L4BEVTE&LULTGv&L> portfolio distribution in terms of Low Risk, Medium Risk
&LÉ¶L&L ULTGv&L 3L'LL N1Q ULTGv&L +TGL¶LLTB ET WVRMLK E PLBG/3L & High Risk Categories and the actual portfolio is being
monitored on quarterly basis and the same is placed to
*LLT7;*L2LTGZ¶LLTGP3LKLGVÉLL;GK3LGE¶LLH43L'LLPL-3LGPE*LLT7;*L2LTGZ¶LLTEI
the Risk Management Committee of the Board. The Bank
G3L&LLHIWLÉLLK*LKGVYKLVIEIUL3LIH4 WL4KCMT $LLT.; EIULTGv&L developed and placed on central server scoring models in
È$LBÉLVMG&LG3LET M&L\LÈ-3LR3LGE¶LLUL3LLH4"$L4BEVT GK7TZ$L4BEY respect of Retail Banking and SME sector Advances. These
3L'LL M &LC;\LTLWGY[&LLTBETMB$LBÉL&LTB-ELTKY&LL8.ZLTBELGPELMEK processes helped the Bank to achieve quick & accurate
CVELTET6ÇI¶LMP;K*LKN*LZ$ÉLEKL¶LLH4"CVÈG¹¶LLWLTBVTLLTBEL delivery of credit, bring uniformity in the appraisal and
LI L[WL4KWQXEGP3LKLEKET&LX:¶LLBEV&LTB E*L3LLZLVT PB.L7L facilitate storage of data & analysis thereof. The scoring
ELMBY[HPNMELGPZTLLEKVT&LTB$L4BEELTMHL¶L3LLÈOLVEIH4" model for farm sector has also been developed.
²GL\LTLHT3LR)LI-ELTKY&LL8.ZELGPELMEKGZ¶LLY¶LLH4" The Bank has in place a well defined organizational
$L4BE&LTB$LLuLLKULTGv&LÈ$LBÉLVEL¶LLTETGZ MR*LGK)LLGL3LMBY#VL3&LE structure for market risk management functions, which looks
into the process of overall management of market risk viz.
MBKQVL &LL4UXO H4> ULT $LLuLLK ULTGv&L W'LL;3L_ $¶LLU OK ULTGv&L PB interest rate risk & foreign exchange risk and implements
GPOTLIGPGV&L¶LULTGv&LETM&LY[È$LBÉLVEIÈG¹¶LLEIOTvKTvEK3LI methodologies for measuring and monitoring the same.
H4WL4KCMET&LX:¶LLBEV PBGVYKLVIEIEL¶L;ÈLLGZ¶LLTBELTEL¶LL;G6P3L Tools like stress testing, duration, modified duration, VaR
EK3LI H4" O$LLP *LKI\LL> WPGÉL> MBLLTGÉL3L WPGÉL> PI WLK U4MT etc. are being used effectively in managing risk in the
N*LEKLLTBEL7TuLKI*LGKQLZV&LTBULTGv&LÈ$L6ÉLVHT3LRÈ)LLPI*LMT Treasury operations.
N*L¶LLTYGE¶LLULKHLH4" Asset Liability Management (ALM) of the Bank is done
GEMI)LIMB)LL0¶L3LLMTGV*L7VTETGZ $L4BEELWLG-3LOT¶L3LLÈ$LBÉLV on proactive basis to manage any eventuality. With Core
Z &L
WY[MG¹¶LWLÉLLK*LKGE¶LLUL3LLH4"M&LXQTLLvLVT7PE; Banking Solution (CBS) covering entire branch network,
ELTEPKEKVTPLZTELTK$L4BEYML8:¶LXLV MI$LI M
ETML'L>WLG-3L ALM is being done on daily basis. Base rate and interest
rates in respect of assets and liabilities products are fixed
OT¶L3LLÈ$LBÉLVO4GVEWLÉLLK*LKGE¶LLULKHLH4"WLG-3L PB OT¶L3LL on scientific basis. The Bank has carried out contingency
N3*LLOLTBETMB$LBÉL&LTBWLÉLLKOK PB$¶LLUOKTBP4,LGVEWLÉLLK*LK3L¶L funding plan so as to tide over liquidity crunch, if at all it
EIUL3LIH4B"GEMI)LIMB)LLGP3L&LRÇLMBE7MTGV*L7VTETGZ $L4BE arises.
VTWLEG-&LEGPºL*LLTLL¶LLTUVL$LVLC;H4"
The Bank has in place a well defined organizational structure
*LGKQLZVULTGv&LÈ$LBÉLVEL¶L; HT3LR $L4BE&LTB MR*LGK)LLGL3LMBY#VL3&LE and framework for operational risk management functions,
MBKQVLWL4K*LKTvL&LL4UXOH4ULT*LGKQLZVULTGv&LETM&LY[È$LBÉLV which looks into the process of overall management of
EI ÈG¹¶LL EI OTvKTv EK3LI H4" $L4BE &LTB MROA *LGKQLZV ULTGv&L operational risk. The Bank has robust operational risk
È$LBÉLV»T&LPE;ETML'LMR*LGK)LLGL3LWLTWLK &LVIG3LH4"$L4BE*LK*LBKLY3L management framework with a well-defined ORM Policy.
HLGV.L7LULTGv&L PB GV¶LBLL-PGVÉLL;KLMPT;\LL WLKMI M
The Bank identifies, measures, monitors and controls/
mitigates the operational risk by analyzing historical loss
&LH3P*LXL;ULTGv&LMXQELTB ETWLKWLC;
WL4K*LGKOA¶LGPZTLLWLGO data, Risk & Control Self Assessment Surveys (RCSAs),
43
ET GPZTLL ^LKL *LGKQLZV ULTGv&L EI *LHQLV> WVR&LLV GVYKLVI Key Risk Indicators (KRIs) and Scenario Analysis, etc.
WL4KGV¶LBLL!L&LVEKKHLH4"$L4BEVTCB7KÈLCUPLC..T7LPT¶LKHLNM The Bank has also introduced an online Op-Risk Solution
*LGK¶LLTUVLETWB3LY;3L EWL8VZLCV*LGKQLZVULTGv&LM&LLÉLLVEL under Enterprise wide Data Warehouse Project and placed
it on central server to take care of various aspects of data
)LIWLKB)LGE¶LLH4 WL4KGPGPÉL-3LKLTB *LK.T7LE4*QKYWL4KÈ$LBÉL capturing and management information system at various
MXQVL ÈLLZI ET GPG)L£ *LHZRWLTB EL É¶LLV KvVT ET GZ CMELT levels.
ET6ÇI¶LMP;K*LKN*LZ$ÉLEKL¶LLH4"
GPGV¶LL&LEGOLLGVOT;L Regulatory Guidelines
The Bank adopted Standardized Approach for Credit Risk,
$L4EB VT$LTMZII/IIIET3LH3LULTGv&L)LLGK3LWLG-3L¶LLTB WLK.$:¶LX
EI Standardized Duration Approach for Market Risk and Basic Indicator
YLVL ET GZ L ULTGv&L HT3LR &LLVEI²3L OAGrELTL> $LLULK ULTGv&L Approach for Operational Risk for computation of Risk weighted
HT3LR&LLVEI²3LWPGÉLOAGrELTLWL4K*LGKQLZVULTGv&LHT3LR&LXZMBE3T LE assets (RWA) under Basel II/ III. As per the requirements of the
OAGrELTLELTW*LVL¶LLH4"GV¶LL&LEETGOLLGVOT; LLTB EIWLP¶LE3LLWLTB ET guidelines of the regulator, relevant risk management policies such
WVRMLKULTGv&LÈ$LBÉLVOL;V PB VIG3LLÈ$LBÉLV PB ULTGv&LVIG3L as Risk Management Philosophy & Policy, Credit Management &
GVPTL VIG3L WLG-3L OT¶L3LL È$LBÉLV VIG3L *LGKQLZV ULTGv&L È$LBÉLV VIG3L Risk Policy, Investment Policy, Asset Liability Management Policy,
Operational Risk Management Policy, Policy for Mapping Business
ELKLT$LLK\LTLLT/B YG3LGPGÉL¶LLTB EI&L4*LYHT3LRVIG3LWLN7MLTMYVIG3LELKLT$LLK
Lines/ Activities, Outsourcing Policy, Business Continuity Plan,
GVKB3LK3LL¶LLTUVL¹TG.7LL&LV PBMB*LLGP;EÈ$LBÉLVVIG3LWLB3LGKE Credit Risk Mitigation & Collateral Management Policy, Internal
*LXU
B I*L¶LL;*3L3LL&LX:¶LLBEVÈG¹¶LL WLC;MI *LI
O-3LLPTuLO$LLP*LKI\LL Capital Adequacy Assessment Process (ICAAP) Document, Stress
VIG3L M&LXH ULTGv&L È$LBÉLV OL;V PB VIG3L WB3L M&LXH ZTV OTVLTB EI Testing Policy, Group Risk Management Philosophy & Policy,
GVYKLVIWL4KÈ$LBÉLVHT3LR VIG3L&LL8.ZULTGv&LVIG3LWLC;7IMRK\LLVIG3L Policy for management and monitoring of Intra-group Transactions,
WLGOU4MIÈLMBGYEULTGv&LÈ$LBÉLVVIG3L¶LLB-'LLG*L3LEIYC;H4"B Model Risk Policy, IT Security Policy, etc are in place.
$L4E
B L$LLULKWL4K*LGKQLZVULTGv&LHT3LRWLK.$:¶LX !*LXU B IÈ)LLKEI The Bank plans to migrate to advanced approaches for computation
of RWA / Capital charge for Credit, Market and Operational
YLVLETGZ N£3LOAGrELTLLTB &LTB &LLCY[7T EKVTEI¶LLTUVL$LVLKHLH4"$L4E B Risk. The Bank is under parallel run for adoption of Foundation
LULTGv&LHT3LRWLB3LGKEKT7YWLÉLLGK3LVIBPOAGrELTL *L2WLC;WLK$LI
Internal Rating based Approach (FIRB) for Credit Risk and The
3L'LL*LGKQLZVULTGv&LHT3LR &LLVEI²3LOAGrELTL 7I M
ELT W*LVLVT Standardized Approach (TSA) for Operational Risk. The Bank
ET ML&LLVLB3LKMBQLZV&LTB H4"$L4E B VT *LGKQLZVULTGv&LHT3LR N£3L&LL*LV also submitted formal Letter of Intent for adoption of Advanced
OAGrELTL &L
3L'LL $LLULK ULTGv&L HT3LR WLB3LGKE &LL8.Z OAGrELTL Measurement Approach (AMA) for Operational Risk and Internal
WLC; &L
ELTW*LVLVTHT3LRWL4*LQLGKEWLL¶L*LL)LIÈ-3LR3LGE¶LLH4" Models Approach (IMA) for Market Risk. All the necessary actions
required in this regard have been initiated.
CMMB$LBÉL&LTB M)LIWLP¶LEELK;PLC;WLKB)LEIULQREIH4"
W6¶LÈ&LRv*LHZ Others major initiatives undertaken
q $L4EB &LLV3LLH4GEULTGv&LMB-²G3LELÈMLKÈ3¶LTE-3LK3LEHLTVLQLGH q The Bank perceives that risk culture should percolate at every
level and has recently started evaluating performance of Circle
WL4KHLZHI&LTB $L4E B VTULTGv&LM&LL¶LLTGU3LWLÉLLK*LK&LB.ZEL¶LL;Z¶LLTB
Offices on risk adjusted basis. FGMs/Circle Heads are being
ETÈOL;VEL&LX:¶LLBEVEKVLWLKB)LEKGO¶LLH4"*L2I:.&LHLÈ$LBÉLELT!B advised to generate healthy economic returns, set self-targets
&LB.Z È&LRvLTB ELT $LTH3LK WL'LE ÈG3L*L2Z WU3L EKVT> ERZ L for Total Credit Risk weighted assets/Total Outstanding credit
ULTGv&L)LLGK3LWLG-3L¶LLT!B ERZ$LEL¶LLLWVR*LL3LETGZ -P¶LBETZ\¶L ratio and achieve consistent reduction YoY basis at various
GVÉLL;GK3LEKVT3L'LL&LB.ZÈ&LRvLTB ETM&&LTZV *L2UI &LM&&LTZVWLGO forums like Circle Heads’ conference, FGM Conference,
U4MT GPG)L£&LBQLTB *LKPL;OKPL;WLÉLLK*LKZYL3LLKE&LIÈL*3LEKVTEI etc. The Bank envisages to develop framework for capital
MZLHOIULKHIH4"$L4E B ULTGv&LM&LL¶LLTGU3LÈG3L*L2ZETWLÉLLK*LK*LXU B I allocation on the basis of risk adjusted returns.
WLPB7V*LK*LKTvLELGPELMEKVTEI*LGKE:*LVLEKKHLH4" q The Bank took necessary steps to implement the various
q $L4E B VT GV¶LL&LE^LKLULKIGE Y $LTMZ IIIGOLLGVOT; LLTB ET 3LH3L norms as required under Basel III guidelines issued by
the regulator. The Bank worked out capital requirements
WLP¶LE GPG)L£ &LLVOB.LTB ELT ZLYX EKVT ET GZ WLP¶LE EO&L
till full implementation of Basel III guidelines and capital
N#L "$L4E B VT$LTMZIII GOLLGVOT; LLTB EL*LXL;EL¶LL;6P¶LVHLTVT 3LEEI*LXU
B I planning is carried out keeping in view the various
WLP¶LE3LLWLTB EIYLVLEIH4WL4K$LTMZIII PBGV¶LL&LE^LKLGE requirements under Basel III and changes brought about
Y *LGKP3L;VLTB ELTÉ¶LLV&LTB Kv3LTHR *LXUB IGV¶LLTUVGE¶LLULKHLH4" by the regulator.
q GL¶LLTB EIGPºLI¶LG-'LG3LEI$LTH3LKGVYKLVIWL4K V*LI EI q The Bank has put in new system driven Preventive
E&LIEIKLTE'LL&LET GZ M&L¶L*LKELK;PLC; EKVT HT3LR $L4BEVT Monitoring System (Early Warning) w.e.f. July 2014 for
URZLC; MT VC; GM-7&LMBQLGZ3L GVPLKE GVYKLVI ÈLLZI better monitoring of borrowers’ financial health and taking
*LXP;QT3LLPVI
ELWLKB)LGE¶LLH4" timely action for reduction /containment of NPAs.
5. Digitalization
G.GU7ZIEKL
The Bank undertook several initiatives in its continued efforts to
Y[LHELTBELT$LTH3LK3PGK3LWL4KERLZMTPL BÈOLVEKVTETW*LVTM3L3L provide better, prompt and efficient services to the customers.
È¶LLMLTBEIGOLL&LTB$L4BEVTEC;EO&LN#L "¶LHEO&LVEOIKGH3L These initiatives were a step towards cash less society and
M&LLUWL4KELYUKGH3L$L4BEYEIGOLL&LTBN#L Y " paperless banking.
44
okf"kZd fjiksVZ
¶LHÈLMBGYEH4 GE&LLQ; &LLH&LTB CZT%7L8GVEZTVOTVLTB &LTB $L4BE It is relevant that the Bank’s share of electronic transactions
EIGH-MTOLKI3LE*LHRBQYC;" reached to 59.62% in the month of March 2015.
I. P4EG:*LEG.ZIPKIQ4VZ I. Alternative Delivery channels:

CB7KVT7$L4BEY a) Internet Banking
$L4BEELCB7KVT7$L4BEYWVRÈ¶LLTYGPPMVIH4"CB7KVT7$L4BEY^LKL The Bank has a world class Internet Banking application. On

ZTVOTVEKVL E*L2LTVEL8ZEKVT U4MLMKZH4"Y[LHELTB ET *LLM boarding to Internet Banking is as easy as doing a phone call.
Customers have options to register online, through call centre,
WL8VZLCV>EL8ZMTB7KET&LLÉ¶L&LMT>LLvLET&LLÉ¶L&LMTW'LPL 7I &L
through branch or through ATMs. NRI customers may also do
ET&LLÉ¶L&LMT*LBUIEKLEKLVTELGPE:*LH4" VWLKWLC;Y[LHE)LI online registration. Apart from online registration, IBS users
WL8VZLCV *LBUIEKL EKL ME3LT H4B" WL8VZLCV *LBUIEKL EKLVT ET having debit cards can reset their passwords online, through
WG3LGK%S>.TG$L7EL.;ÉLLKEWLC;$LI MN*L¶LLTYE3LL; ?J2L8KYL87*LLMP.; “Forgot Password” link.
ZEET&LLÉ¶L&LMTW*LVT*LLMP.;ELTWL8VZLCVKIMT7EKME3LTH4B"
*LI V$LIEICB7KVT7$L4BEYMTPLW*LVTY[LHELTBELTM3L3L*LMTGVGÉL PNB’s Internet Banking is witnessing a steady shift of
customers for transfer of funds, inter-bank remittances through
WB3LKL VC; *L27I!WLK7IUI MET&LLÉ¶L&LMTWB3LK$L4BEGPÈTLLG$LZ
NEFT/RTGS, bill payments, online share trading, tax payments
)LRY3LLV>WL8VZLCVLT¶LK7T.YEK)LRY3LLV N3*LLOLR:E>MTPLEK> (including Excise duty, Service tax, MCA 21, Direct taxes,
&LMI >È3¶L\LEK>MI&LLLR:E>.IUI *L27IWLGOMGH3L
WL4K Customs duty, DGFT etc) and other online payments towards
GPG)L£KL5¶LLTB ET GZ P47EL)LRY3LLVOLVG$LZ)LRY3LLVWL4KLR:E various integrations done such as VAT payments for various
)LRY3LLV>WLGOGPG)L£M&LLEZVLTB EIGOLL&LTB GE ULVT PLZT W6¶L states, donations, bill payments and fee payments, etc.
WL8VZLCV)LRY3LLVLTBETÈ¶LLTYEIWLTKUL3LLOTvKHIH4"
The Internet Banking Service caters to around 27.17 lakh
CB7KVT7$L4BEYMTPLW*LVTvROKLWL4KEL8*LLT;KT7&LL8._¶LXZETML'LZY)LY
customers with its retail and corporate modules.
ZLvY[LHELTBELTZL)L*LHRBQL3LIH4"
$LI
&LLT$LLCZ$L4BEY b) Mobile Banking
M&LLUETM)LIM&LXHLTB EIWLP¶LE3LLWLTB ELT*LXKLEKVTETGZ $L4E B EI In order to cater the needs of all groups of the society, the
Bank has four different flavors of Mobile Banking. The Mobile
&LLT$LLCZ$L4B EYQLKWZYWZYÈELKEIH4"$L4E B EI&LLT$LLCZ$L4B EY Banking Facility of the Bank is compatible not only with smart
MRGPÉLLVETPZ-&LL7;*L2LTVETGZ >WG*L3LR M &L MMRGPÉLL¶LR%SGV&V phones but also with low end mobiles having SMS facility.
ÈL4]LTGYEI PLZT &LLT$LLCZ *L2LTV ET GZ )LI WVREZ X H4" $L4E
B VT GPºLI¶L The Bank launched Mobile Banking services on National
M&LLPTLVETNÎT¶LHT3LR V*LIMIWLC;ETKLrI¶L EI²3L¶LX M M.I*ZT7*L2L&L; Unified USSD (Unstructured Supplementary Services Data)
WMBKGQ3L*LXKEMTPL.T7L
*LK&LLT$LLCZ$L4B EYMTPLELWLKB)LGE¶LLH4" Platform of NPCI for the purpose of financial inclusion.
$L4BEEI&LLT$LLCZ$L4BEYMRGPÉLLLLvLWLTB 7I &L PBWL8VZLCV&LLÉ¶L&LLTB The Mobile Banking facility of the Bank is offered by way of
MTN*LZ$ÉLMKZ*LBUIEKLMRGPÉLLET&LLÉ¶L&LMTN*LZ$ÉLEKLC;UL3LI easy registration facility available through branches, ATMs
H4"WLC;$LI MET N*L¶LLTYE3LL; CB7KVT7$L4BEYWVRÈ¶LLTYET &LLÉ¶L&LMT & online. IBS users can register for Mobile Banking through
&LLT$LLCZ $L4BEY HT3LR *LBUIEKL EKL ME3LT H4B" &LLT$LLCZ G*ZETLV Internet Banking application. Mobile app is available for
Android, Apple, Blackberry & J2ME mobiles. Mobile Banking
B.L8¶L. **LZ$Z4E$LTKIWL4KUT &LC; &LLT$LLCZ*L2LTVHT3LR N*LZ$ÉLH4"
is available for NRI customers also.
&LLT$LLCZ$L4BEY VWLKWLC;Y[LHELTBETGZ )LIN*LZ$ÉLH4"
Further, the facility of Balance enquiry by giving a missed call
ML'LHI M &L MWZ7;HT3LR*LBUI²3LY[LHELTBETGZ 7LTZ»IVB$LK
to the toll free numbers 1800 180 2222/ 1800 103 2222 is
!*LK EG&LMEL8ZOTEKvL3LT available for SMS Alert registered customers. In this regard,
ETLTLEI*LX/3LL/EIMRGPÉLLN*LZ$ÉLH4"CMMB$LBÉL&LTBY[LHELTBMT approximately 40 lakh missed calls are being received per
ZY)LYZLvG&LMEL8ZÈG3L&LLHÈL*3LGE ULKHTH4B" month from the customers.
$L4BEET&LLT$LLCZ$L4BEY*LHZXELT$LLPLOTVTETGZ GOMB$LK In order to promote the Mobile Banking aspect of the Bank,
&LLHETOL4KLV&LLT$LLCZ$L4BEYWG)L¶LLVWLKB)LGE¶LLY¶LLGUMELTW*LLK Mobile Banking Campaign was launched during the month
M*L2Z3LLÈL*3LHRC;"CMWG)L¶LLVETOL4KLV>ZLvMTWGÉLEV of December 2014 which was a huge success. During the
N*L¶LLTYE3LL;WLTBELT&LLT$LLCZ$L4BEYHT3LRVL&LLBGE3LGE¶LLY¶LL" campaign, more than 6.00 lakh new users enrolled for Mobile
Banking.
&LLQ;EIG-'LG3LETWVRMLK$L4BEEI&LLT$LLCZ$L4BEYMTPLWLTB
ET N*L¶LLTYE3LL;WLTB EI MB<¶LL >> 'LI 3L'LL ÈG3L &LLH ` As on 31st March 2015, the Bank had 8,60,997 mobile
EKLT.&LX:¶LET>>ZTVOTVGE Y " banking services users with number of transaction per month
at 9,63,052 and value per month ` 1132 crore.
MI
M &L MWZ7;MTPL B
c) SMS Alert Services
vROKL 3L'LL EL8*LLTK; 7T Y[LHELTB ET GZ M &L M WZ7; MTPLWLTB ELT
M*L2Z3LL*LXPE; WLKB)LGE¶LLY¶LL"LLvLWLT>B 7I &L>WLC;$LI M>&LLT$LLCZ SMS Alerts services were successfully deployed for both
retail and corporate customers. SMS Alerts are generated for
$L4B EYWL4K*LIWLT M7&LVZ&LTB GE Y GQG6H3LZTVOTVLTB ¹TG.7!.TG$L7
identified transactions (credit/debit) done at branches, ATM,
45
ETGZ M &L MWZ7;N3*L£GE ULKHTH4"B ML'LHI>U6&LGOV&LLT$LLCZ IBS, Mobile Banking and POS terminals. In addition, SMS
VB$LK *LBUIEKL!MBLLTÉLV *L3LL!VL&L &LTB *LGKP3L;V> CB7KVT7 $L4B EY 7LU
B %4 LV alerts are also sent for non-financial activities like Birthdays,
*LLMP.; &LTB *LGKP3L;V L EI GE-3L OT¶L HLTV>T WG3LOT¶L L GE-3L> Mobile number registration/modification, address/name
change, change of internet banking transaction password,
*L2.IvL3LTEI*LGK*L%P3LLMT*LXP>; *L2.IvL3LL*LGK*L%PHLTV>T VC; *L27I loan installment becoming due, loan installment overdue,
V
*LRGr¶LX7IWLKMBMTWLK7IUI MZTVOTV G&LMEL8Z*LKvL3LL FD account maturing, FD account Matured, NEFT (N10)
LTL>WLGOU4MIY4KGPºLI¶LYG3LGPGÉL¶LLTB ETGZ )LI M &L MWZ7;)LTUT confirmation, RTGS transactions with UTR No, Balance on
UL3LTH4"B CM&LLÉ¶L&LELZL)L M &L M*LRZ3LBLET3LH3L M &L M^LKL missed call, etc. The channel is also leveraged for providing
$L4E
B ETH&LLKTM&&LLVI¶LY[LHELTB ELT$L4E B ETN3*LLOLTB WL4KMTPLWLTB ETGPL¶L information on Bank’s products and services over SMS under
&LTB ULVELKIÈOLVEKVTETGZ )LIN#L¶LLULKHLH4" the SMS Pull Mechanism to esteemed clients of the Bank.
&LLQ;EIG-'LG3LETWVRMLK M &L MWZ7;MRGPÉLLHT3LR As on 31st March 2015, the Bank had 3.31 crore customers
*LBUI²3L$L4BEET Y[LHELTB EIMB<¶LLEKLT. 'LI3L'LLÈG3LGOV who subscribed for SMS Alerts facility and on an average
around 17.32 lakh SMS Alerts were generated and delivered
WL4M3LV ZY)LY ZLv M &L M WZ7; UVKT7 PB G.ZIPK
per day.
GE ULKHT'LT"
I
C;ZL8$LI $L4BE VT OTL )LK &LTB VEO U&LL!&L:7I¾2B%LV
. d) E-lobbies: The Bank installed 1421 Cash Deposit/Multifunction
GE¶LL8-ECZT%7L8GVEQTEU&LL&LLIVTBE3LLKÈ$LBÉLVÈLLZI Kiosk, 383 Electronic Cheque Deposit Machines, 504 Queue
*LLM$LREW*L.T7Y&LLIVTB -'LLG*L3LEIH4B"C;ZL8$LI&LTB -'LLG*L3L Management Systems, 1725 Passbook Updating Machines
&LLIVTB Y[LHELTB ELT N*LZ$ÉL H4B" $L4BE ET Y[LHE W*LVI across the country. The machines installed in E-lobby are
made available to customers 24*7*365.The customers of the
MRGPÉLLETWVRMLKCVELN*L¶LLTYEKME3LTH4B" Bank may access the same as per their convenience.
CMMTWLYT$L3LTHR >E4LU&LL&LLIVLTB MI.I &L
ELTvKIOVT In a way forward, the process of procuring 350 Cash Deposit
EIÈG¹¶LLWLKB)LEIYC;>GUV&LTB MT &LLIVTB VEOIKIMLC%ZY Machines (CDMs), out of which, 175 machines would be
W'LL;3L_ VEOI -PI²G3L ET ML'LML'L VEOI GP3LKL EI ELGÉLE Bunch Note Accepter having multi-functionalities of cash
EL¶L;\L&L3LLWLTBMT¶LR%S$LBQVLT7-PIE3LL;HLTBYI"CMETWG3LGK%S> recycling i.e. cash acceptance as well as cash dispense was
MI$LI M!MI7I MM\L&LCZT%7L8GVEQTEU&LL&LLIVLTB ELT )LIWLVT started. In addition to this, 500 CBS/CTS enabled Electronic
PLZTGOVLTB&LTBLLvLWLTB&LTB-'LLG*L3LGE¶LLUL YL" Cheque Deposit Machines would also be installed in the
branches in the coming days.
-PMTPL\LTL&LLIVLTBEIN*LZ$ÉL3LL&LTBMRÉLLKEKVTETGZ M M
In order to improve the availability of Self Service Area
&LLIVLTB EIOXKP3LI; GVYKLVIHT3LR EGK¶LZ7LC&LGVYKLVIMLÉLVEI
Machines, a real time monitoring tool for remote monitoring
LRWL3LEIYC;GUMMTÈ)LLPIGVYKLVIEIULMET3L'LL.LNV7LC&L of SSA Machines was introduced for effective monitoring and
ELTE&LGE¶LLULMET" to reduce down time.
C;
7I &LGPºLI¶LPL;ETOL4KLV>V 7I &L-'LLG*L3L
e) ATMs: During FY’15, 1408 new ATMs were installed taking
GE Y 'LT>GU6HTBG&LZLEK&LLQ;ELTERZ 7I &LV47PE; the total ATM network to 8348 as on 31st March 2015.
ELHLTY¶LL"
46
okf"kZd fjiksVZ
7I &L-'LZLTB *LKÉLLTvLÉL.IWL4KZX7*LL7EI L7VLWLTB ELTKLTEVTETGZ E- Surveillance systems were installed at ATM sites to restrict
C;MPZTM B ÈLLZI-'LLG*L3LEIYC;'LI"3LE-'LZLTB the incidences of vandalism and burglaries. Till 31.03.2015,
2249 sites were connected & monitored by E- Surveillance,
ELTC;MPZTM B ÈLLZIMTULT. GO¶LLY¶LL'LL3L'LLNVEIGVYKLVIEI whereas 891 sites were under installation stage.
YC;'LI>U$LGE-'LZCMÈLLZIET-'LL*LVLETQKL&LTB 'LT"
To decrease the downtime of ATMs on account of electricity
GP]R3LWL*LX3L$LLGÉL3LHLTVT ET ELKL 7I &LET .LNV7LC&LELT E&L failure, Solar UPS was installed.
EKVTETGZ MLTZK¶LX*LI M-'LLG*L3LGE Y 'LT"
For on line ATM monitoring and to take prompt corrective /
WL8VZLCV 7I &LGVYKLVIETGZ PB 7I &L.LNVHLTVTET&LL&LZLTB preventive actions in case of ATMs getting down, ESQ ATM
&LTB 3PGK3L MRÉLLKL3&LE!MRK\LL3&LE ELK;PLC; EKVT ET GZ > C; M%¶LX Monitoring System was installed.
7I &L&LL8VI7KYGM-7&L-'LLG*L3LGE¶LLY¶LL'LL"
f) Immediate Payment Services: In order to facilitate the
*L2
3LL3ELGZE)LRY3LLVMTPL BY[LHELTBETGZ PL-3LGPEM&L¶L customers to make inter-bank fund transfers 24*7 in real time,
&LTB WB3LK$L4BEGVGÉLWB3LKLELT MRGPÉLUVE$LVLVT ET ¹&L&LTB>M)LI Immediate Payment Service (IMPS) was launched on all the
3LIVLTB Q4VZLTB ¶L'LL&LLT$LLCZ$L4BEY>CB7KVT7$L4BEY3L'LL 7I &L*LK three channels i.e. Mobile Banking, Internet Banking and
3LL3ELGZE)LRY3LLVMTPL WLC; M*LI M
ELLR)LLBK)LGE¶LLY¶LL'LL" ATMs.
UI
.TG$L7EL.;$L4BEVT GPºLI¶LPL; ET OL4KLVCM\LTL&LTB EC; g) Debit Cards: The Bank took up many initiatives during FY’15
*LHZEIH4B"*LI V$LI*LT .TG$L7EL.; ELT C;EL8&LM; M\L&L$LVL¶LL in this field. PNB RuPay debit card was made E-commerce
'LL"C;EL8&LM;!*LIWLT MZTVOTVLTBETGZ V MRK\LLN*LL¶LGE Y " enabled. New security features were introduced for e-com/
C;ZTVOTVLTBETGZ .IMRK\LLELT. PB*LIWLT MZTVOTVLTBETGZ pos transactions. 3D secure code was made mandatory for
e-transactions and PIN for POS transactions. Other cards
G*LVELTWLP¶LE$LVL¶LLY¶LL'LL"LRGE Y W6¶LEL.;*LI V$LI launched are PNB RuPay Platinum Card; Miller Card for Rice
*LT*ZTG7V&LEL.;>*LVY[TVÈLTU4%7ETWB3LY;3LKLCMG&LZ&LLGZELTBET Millers under Pungrain project, EMV chip based Master Non-
GZ G&LZKEL.;>&LÉ¶LÈOTLETVLYGKELTBETGZ *LTM&LY[EL.;> personalized Debit Card, RuPay Samagra cards for Madhya
KLU-'LLV KL5¶L ET GZ *LI V$LI )LL&LLLLH EL.;> ²LELTB ET GZ Pradesh citizens, PNB Bhamashah Cards for Rajasthan State,
*LVY[TV*LT .TG$L7EL.;>WLG3L¶LLTB PB HGK¶LLLLKL5¶LET ²LELTB ET Pungrain RuPay Debit Card for farmers, HSAMB Cards for
Arhtiyas and Farmers of Haryana State and PMJDY Cards.
GZ Q M &L$LIEL.;3L'LL*LI &LUT.IPLC;EL.;H4B"
Q
.GT $L7EL.;ÉLLKELTB ETGZ *LI V$LIZL8¶L:7IGKPL.;UÈLTYL[ &L*LI V$LI h) PNB Loyalty Rewards programme for Debit Card holders:
.TG$L7EL.; ÉLLKE*PLCB7WL8*L2MTZ *LIWLT M
PB WL8VZLCVvKIO PNB Debit Card holders can earn and accumulate reward
points for all their spending at Point of Sales (POS) and online
C;EL&LM;
*LK W*LVT M)LI vQLT ET GZ GKPL.; WBE WU3L PB
purchases, (e-commerce). PNB Rewardz members can redeem
MBGQ3LEKME3LTH4"B *LI V$LIGKPL.;UMO-¶LW*LVTWBELTB ELT www. their Points to get merchandise and services from M/s Loylty
pnbrewardz.com*LK&L4MM; ZL¶L:7IGKPL.;UGK.T&LV*ZT7*L2L&L; MT Rewardz redemption platform at www.pnbrewardz.com.
N3*LLOPMTPL BÈL*3LEKME3LTH4"B *LI V$LIVTZL¶L:7IWBELTB ELTGK.T&LV PNB launched another platform for redemption of loyalty
ETGZ OXMKL*ZT7*L2L&L;?*LI V$LIGKPL.;U&LLT$LLCZ *LLRGE¶LLH4"CM points i.e., “PNB Rewardz Mobile App”. With the help of
&LLT$LLCZ *LEIMHL¶L3LLMT>Y[LHE*LI V$LIGKPL.;UETGZ *LBUI²3L this Mobile App, Customers can register for PNB Rewards,
Check their points, Redeem online and get alerts for Deals
EKME3LTH4>B W*LVT*PLCB7M _ UL8QME3LTH4>B WL8VZLCVGK.I&LEKME3LT and Discounts.
H4B 3L'LLvKIOP/X7ETGZ WZ7;ÈL*3LEKME3LTH4"B
i) C;EL8&LM; ZTVOTV C;L*LY MLC7 U4MGT E &L6LL> *L4E &LLC; $L4Y> *LT i) E-Commerce Transactions: Tie up arrangements were made
with e-shopping sites such as Myntra, Pack my Bag, Pay TM,
7I &LWLGOETML'L7LCW*L0¶LP-'LLEIYC;"¶LTMLC7_M*LI V$LI.TG$L7
etc. These sites offer special discounts on purchases through
EL.;!CB7KVT7$L4B EYET&LLÉ¶L&LMTvKIO*LKGPLTL/X7ÈOLVEK3LTH4"B PNB Debit Cards/internet banking. During the month of
&LLQ; &LLHET OL4KLV*LI V$LI.TG$L7EL.;!CB7KVT7$L4B EY!&LLT$LLCZ March 2015, 39.73 lakh e-commerce transactions took place
$L4B EYELN*L¶LLTYEKETZLvC;EL8&LM;ZTVOTVHR " using PNB Debit Card/Internet Banking/ Mobile Banking.
II. ELTK $L4BEY ML:¶LXLV MI$LI M
EL EL¶LL;6P¶LV*LI V$LI ELTK
II. Implementation of Core Banking Solution (CBS): The Bank was
$L4BEY V47PE; ET WB3LY;3L *LXKT OTL &LTB W*LVI M&L-3L LLvLWLTB ELT one of the pioneer Banks in providing 100% CBS solutions to
%MI$LI MML:¶LXLVÈOLVEKVTPLZL EWY[LI$L4BEKHLH4" all the branches across the country. As on 31st March 2015, the
$L4BEET *LLMELT ZLvMT WGÉLEY[LHEvL3LLTB Bank had vast network of 6777 service outlets, covering 3480
MGH3LET6ÇLTBELTEPKEK3LTHR MPMWLN7ZT7_M'LT" centers with more than 1038 lakh Customers Accounts. All these
service outlets/centers are working under Core Banking Solutions
¶LTM)LIWLN7ZT7_M!ET6ÇM&L-3LY[LHELTBELTMRGPÉLUVE$L4BEYÈOLV thereby extending convenient Banking to all customers.
EK3LTHR ELTK$L4BEYML:¶LXLBMET3LH3LEL¶L;EKKHTH4B"
III. Q4E7E B T LVJ[LLZI MI7I M
HL.;PT KELN6VVGY[.MTPLLL<LL III. Cheque Truncation System (CTS): The hardware was upgraded
WLKMIMIGO:ZI
FTB GELYL'LL BPVC;PTDJKWLÉLLGKSWVRJ[ LTY at the Grid Service Branch (RCC Delhi) and new web based
ML8¾7PTKNºLKIGY[.ET GZ <LKIOLYL"GPºLIPL;ET OL4KLV application software was procured for Northern Grid. The Bank
47
PTDW6LRJ[ LTYETFLÉFMTMI7IMI WLN7P.;
%ZIGVBYFTB M)LI started participating from all 21 MICR centers in CTS (outward
FWLC;MIWLKET6O[LBT MTD4E
B VT)LLYZTVLLREKGOLH4" clearing) through web-based application during FY'15.
IV. WLC;7I MRK\LL: $L4E

B EI E MXQVL MRK\LL VIG3L H4 GUMT $LLT.; ^LKL IV. IT Security: The Bank has an Information Security Policy
which was approved by the Board and reviewed each year
-PI²3LGE¶LLY¶LL'LLWL4KVPIV3L&LÈPAGºL¶LLTB PB MPLT3; L&LÈ'LLWLTB ET to keep it updated as per latest trend and best practices. In
WVRMLKW]3LVKvVTETGZ CMEIPLLE*LMTM&LI\LLEIUL3LI addition to this, Information System Security Architecture
H4"CMETWG3LGK%SMXQVLÈLLZIMRK\LLWLE7T%QKEL¶LL;6P¶LVMG&LG3L Implementation Committee (ISSAIC) meetings are being held
WLC; M M WLC;MI
EIMXQVLMRK\LLG-'LG3LETEL¶LL;6P¶LVEIM&LI\LL on monthly basis to review & recommend implementation of
WL4K3L3M&$L6ÉLIMZLHOTVT HT3LR&LLGMEWLÉLLK$L4#EEIULKHIH4"B Information security posture.
a. Business Continuity Plan & Disaster Recovery (BCP & DR)
E
LKLT$LLKGVKB3LK3LL¶LLTUVL PBWL*LOL$LHLZI $LIMI*LI PB.IWLK
The Bank has well defined Business Continuity Plan (BCP)
LLvLWLTB &LTB GEMI )LI WL*LL3LELZIV G-'LG3L &LTB GV$LL;ÉL *L MT to provide un-interrupted Customer Services in case of
Y[LHE MTPL ÈOLV EKVT ET GZ $L4E B ET *LLM E MR*LGK)LLGL3L any exigency. The Bank has fully operational Disaster
ELKLT$LLKGVKB3LK3LL¶LLTUVLH4"$L4E
B ET*LLMMR*LGK)LLGL3LGKEPKI7LC&L Recovery Site (DRS) of its Data Centre with well defined
WL8$UTG%7P WLK7IWLT
PBGKEPKI*PLCB7WL8$8 UTG%7P WLK*LIWLT
Recovery Time Objective (RTO) and Recovery Point
MGH3L W*LVT .L7L MT7B K EI *LXL;3L WL8*LKTLVZ G.UL-7KGKEPKI Objective (RPO). DR drill is conducted regularly to keep
MLC7 .IWLK M
H4"CMEIEL¶LL;3&LE3L3*LK3LLEIULQEK3LTKHVT testing its functional preparedness. DR site was available
for 28 critical applications.
ETGZ G.ZELTGV¶LG&L3L*LMTWL¶LLTGU3LGE¶LLUL3LLH4".IWLK
MLC7ELTFH3PJXL;WVRJ[ LTYLTHTSR NJZ$ÉLEKLLYL'LL" b. Gopalakrishna Committee Recommendations on
Information security
DI M
XQVL MRK\LL *LK YLT*LLZ²L E&LT7I EI GM*L2LGKLTB $L4BE VT The Bank initiated steps for implementation of the
YLT*LLZ²LE&LT7IEIGM*L2LGKLLTBELTEL¶LL;G6P3LEKVTETGZ EO&L recommendations of Gopalakrishna Committee. Various
N#L H4B"EC;EL¶L;PLHIG$L6ORU4MTULTGv&LÈ$L6ÉLVELMXQVLMRK\LLMT action points such as realignment of Information Security
3LLZ&LTZEKVL>WLC;7I$L4ZTBM-ELTKEL.;ELGV*LL>MTPL&LX:¶LLBEV to Risk Management, Formulation of IT Balance Score
Card, Service Valuation matrix etc. have already been
&L4G7%MWLGOELWVR*LLZVGE¶LLULQRELH4" complied with.
È$L6ÉLVMXQVLÈLLZI 6. Management Information System
CB7KÈLCUPLC. .L7L PT¶LKHLNM C;.I.$:¶LX
&LTB ZLYX GE¶LL Enterprise-wide Data Warehouse (EDW) was implemented in
Y¶LL'LL"C;.I.$:¶LX -'LL*LVVT GPGV¶LL&LE!P4ÉLLGVEGK*LLT7YET ML'L 2008. EDW set up facilitated ready access to data required for
Regulatory/Statutory reporting and additionally for analytical
HIGPZTLLL3&LEÈ¶LLTUVLTBETGZ WLP¶LE.L7LEIMRZ)L3LLEI
purposes. This reduced workload of field functionaries to a
MRGPÉLL ÈOLV EI H4" CMMT *L2I:. WGÉLELGK¶LLTB ET EL¶L; EL $LLT considerable extent and was assisting Top Management in
EL*L2I&LLLL&LTB L7LH4 3L'LLLIL; È$L6ÉLVELT M&LL¶LLTGU3LGVL;¶LZTVT taking timely decisions.
&LTBMHL¶L3LLG&LZI'LI" Standardized Approach for Credit Risk under Basel – III was
Z4.K ZLT6M B. .PLBMTM.L7L.T-E*L2LKC;PTZR LV B.GK*LLT7;M
implemented through LADDER (Loans and Advances Data
GM-7&L ET &LLÉ¶L&L MT PTMZ""" ET 3LH3L L ULTGv&L ET GZ Desk for Evaluation & Reports) system enabling calculation of
Risk Weighted Assets (RWAs) in respect of Loans & Advances
&LLVEI²3LOAGrELTLG¹¶LLG6P3LGE¶LL'LL>ULTGV¶LL&LEETGOLLGVOT;LLTB
as per guidelines of the regulator.
ET WVRMLKLLTB PB WGY[&LLTB ET M&$L6ÉL&LTB ULTGv&L)LLGK3LWLG-3L¶LLTB
Apart from this, data of all loan accounts was being
WLK.$:¶LX
EIYLVLEKVT&LTBM\L&LH4" transmitted to four Credit Information Companies (CICs) i.e.
CMET WG3LGK%S>M)LILvL3LLTB .L7LQLKLMXQVLE&*LGV¶LLTB CIBIL, EQUIFAX, EXPERIAN & HIGH MARK on monthly basis
W'LL;3L_GMGPZ>C%PI*L24%M> %M*LIGK¶LV PBHLC;&LLE;ELTZ4.KÈLLZI from Ladder System. Bureau One solution was put in place
MT&LLGMEWLÉLLK*LK)LTULULKHL'LL"LM&$L6ÉLIGVL;¶LZTVTET since 2012 enabling the branches to draw Credit Information
GZ $L4BEET C67LVT7 MI$LI M
ET N*L¶LLTYMT LMXQVLGK*LLT7; Reports (CIRs) using Bank’s intranet (CBS network) for taking
credit related decisions. Around 13,30,563 CIRs of prospective
MIWLC;WLK
ÈL*3LEKVTHT3LRLLvLWLTBELTM\L&L$LVLVTETGZ borrowers under Consumer category and 25,996 CIRs under
MT$¶LXKLTPVML:¶LXLVEL¶L;EKKHL'LL"GPºLI¶LPL;ETOL4KLV Commercial category were drawn from CIBIL, Experian, High
N*L)LLT%SL+TLIETWB3LY;3L)LLPILE3LL;WLTBEIZY)LY>> Mark & Equifax databases during FY’15.
MIWLC;WLKWL4KPLGLG5¶LE+TLIETWB3LY;3LMIWLC;WLKGMG$LZ> The Bank was required to register the particulars of equitable
%M*LIGK¶LV>HLC;&LLE;3L'LLC%PI*L2T%M.L7L$LTMMTÈL*3LEIYC;" mortgages with Central Registry. Accordingly, around 3.67
$L4BE ELT MT67Z KGU-7I &LTB MLG&¶LE $LBÉLE EL GPPKL OU; EKLVL lakh Immovable Properties (IPs) were registered with CERSAI
by the Bank till 31st March 2015.
WLP¶LE'LL"3LOVRMLK>&LLQ;3LE$L4BE^LKLMIC;WLK M WLC;
&LTBZY)LYZLvWQZM&*LG3L¶LLTBEL*LBUIEKLEKL¶LLY¶LL'LL" Anti Money Laundering solution was implemented to scan
the customers at the time of customer acquisition and fund
GPG)L£ UL8BQ MXGQ¶LLTB ET M3¶LL*LV ET ^LKL Y[LHE $LVLVT 3L'LL GVGÉL transfer by verifying various watch lists. The system also
WB3LKLET M&L¶LY[LHELTB ELT -E4VEKVT ET GZ B7I&LVIZL8.Y helped in submitting different reports to FIU and other
ML:¶LXLVEL¶LL;G6P3LGE¶LLY¶LL'LL" regulatory bodies.
48
okf"kZd fjiksVZ
&LLVPMBMLÉLVÈ$L6ÉLV 7. Human Resources Management

$L4BEW*LVTE&L;QLGK¶LLTBELTWG3L&LH3P*LXL; PB&LX:¶LPLVWLG-3LET*L The Bank recognizes its employees as the most vital and
valuable asset. Total number of employees including those in
&LTB&LL6¶L3LLOT3LLH4"&LLQ;ETWB3L&LTBWVRLBGY¶LLTBMGH3LE&L;QLGK¶LLTB the subsidiaries was 68,290 at the end of March 2015.
EIERZMB<¶LL>'LI"
MBPY;PLKE&L;QLGK¶LLTBEIMB<¶LL Cadre-wise Staff Strength
MBPY; &LLQ; &LLQ; CADRE March 2014 March 2015
MB<¶LL ERZ-7L*L2 MB<¶LL ERZ-7L*L2 Number %age of Number %age of
EL% EL% Total staff Total staff
WGÉLELKI 23811 36.33 24701 36.17 Officer 23811 36.33 24701 36.17
GZG*LE 26864 40.98 27832 40.75 Clerks 26864 40.98 27832 40.75
Sub Staff 14866 22.69 15757 23.08
WÉLIV-'L-7L*L2 14866 22.69 15757 23.08
(incl. PTS)
*LI7I MMGH3L
Total 65541 68290

ULT. 65541 68290
The Bank took up several initiatives during the year in the areas
PL;ETOL4KLV$L4BEVT&LLVPLG%SGV¶LLTUV>)L3LI;>NºLKLGÉLELKGV¶LLTUV> of Manpower Planning, Recruitment, Succession Planning,
VT3LA3PGPELMWL4KE&L;QLKIE:¶LLLET\LTL&LTBEC;EO&LN#L H4B" Leadership Development and Staff Welfare.
&LLVPLG%SGV¶LLTUV Manpower Planning

GPºLI¶LPL;ETGZ >)LGP¶L&LTBHLTVTPLZIMTPLGVPAGºL¶LLTB>)LLPI For FY’15, the Manpower Plan was finalised well in time
LLvL!YG3LGPGÉL>0¶LPML¶LGP-3LLK3L'LLW6¶LUK3LLTBELTÉ¶LLV&LTBKv3LT in a scientific manner, properly taking care of impending
HR >&LLVPLG%SGV¶LLTUVELT P4,LGVE3LKIET MT M&L¶L*LK*LXL; EK retirements, future branch openings/activity, business
expansions & other requirements. As per plan 8749 vacancies
GZ¶LLY¶LL'LL"¶LLTUVLET WVRMLKGKG%S¶LL GVÉLL;GK3LEIYC; were identified in Officer cadre, of which 5680 were filled
'LI>CV&LTB MT )LKOIYC; 'LIWL4KGKG%S¶LLTB EI*LHQLV and 1433 vacancies were identified for clerical cadre of which
GZG*LEI¶LMBPY; ET GZ EIYC;>GUM&LTB MT WLB3LGKEÈLT663LI 1087 were filled by way of Internal promotions.
ET^LKL)LKIYC;'LI"
CMIÈELK>¶LLTUVLETWVRMLKGKG%SLWGÉLELKIPY;&LTB WL4K Similarly, as per Plan 1453 vacancies in Officer Cadre and
5273 vacancies were identified to be filled up by Direct
GKG%S¶LLEIMIÉLI)L3LI;ET^LKL)LKTULVTETGZ *LHQLVEIYC;"N%S&LTB
Recruitment. Out of above, 1110 vacancies in Officer cadre
MTGKG%S¶LLWGÉLELKIMBPY;&LTB WL4KGKG%S¶LLGZG*LEI¶LMBPY; and 3715 vacancies in clerical cadre were filled up. Further,
&LTB )LKIYC;'LI"CMETWG3LGK%S>GKG%S¶LLWÉLIV-'LMBPY;&LTB MIÉLI 2708 vacancies in Subordinate Cadre were to be filled up by
)L3LI;ET^LKL)LKIYC;>GUM&LTB MTGKG%S¶LL&LTB GV¶LRG%SHLTYC;'LI" Direct Recruitment, of which 1760 vacancies were filled.
)L3LI;GV¶LLTUV Recruitment Planning
$LLT.; ^LKLWVR&LLTGO3L&LLVPLG%SGV¶LLTUVET WLÉLLK*LK>GP,L*LVEI Based on the Manpower Plan for 2015-16 approved by the
G3LG'LMT>V )L3L¶LLTB EIGV¶LRG%SEIG3LG'L3LEMB*LXL; ¶LLTUVLEI Board, an extensive recruitment Plan was prepared and
*LKTvLWL4K E0¶LL*LE)L3LI;¶LLTUVLELTWGY[&L*LMTWBG3L&L*L blueprint of the whole project from the date of advertisement
GO¶LLY¶LL'LL3LLGE EM&L¶L$L3LKIET MT CM*LGK¶LLTUVLELT *LXKL till the date of joining of the new recruits, was finalised well in
EKVLMRGVG1L3LGE¶LLULMET")L3LI;ET$LLOEL¶L;Y[HLFTB3L3ELZHRC; advance so as to ensure completion of the projects in a time
bound manner. Joinings after recruitment were kept aligned
E&LIETML'LM&L6P¶LGE¶LLY¶LL"
with the immediate shortages.
NºLKLGÉLELKGV¶LLTUV
Succession Planning
)LLPIPLLT ETOL4KLVHLTVT PLZIMTPLGVPAGºL¶LLTB ETELKL&LLVPMBMLÉLV&LTB
In order to address the Human Resource gaps arising in critical
&LH3P*LL;*LOLTB *LKWLVTPLZTMB)LLGP3LWB3LKELTE&LEKVTETGZ $L4E B positions due to retirements in the coming years, the Bank
VTVTS3A PGPELM*L2LTK&L Z.I *L2
$LVL¶LLH4"¶LH*L2LTK&L-ETZVI created Leadership Development Forums (LDF). These forums
&LTB N*L&LHLÈ$LBÉLE .IUI &L
>-ETZ&LTB MHL¶LE&LHLÈ$LBÉLE UI &L
were formed for Dy. General Managers (DGMs) in Scale-VI,
WL4K-ETZ-IV&LTB &LR<¶LÈ$LBÉLEET GZ $LVL Y 'LT"CV*L2LTK&LEI Assistant General Managers (AGMs) in Scale-V and Chief
MHL¶L3LLMT$L4E B &LTB GPG)L£&LH3P*LXL;*LOLTB ETGZ NVEIERLZ3LL PB Managers (CMs) in Scale-IV. With the help of these forums, the
WG)L\L&L3LLELT É¶LLV&LTB Kv3LT HR MB)LLGP3LNºLKLGÉLELGK¶LLTB EI*LHQLV Bank identified potential successors for various critical positions
in the Bank considering their skills and aptitude. Identified
EKTYL"GQG6H3LWGÉLELGK¶LLTB ELT)LGP¶LETGZ VTS3A P)LXG&LELHT3LR3L4¶LLK officers were being groomed for future leadership roles.
GE¶LLYL"
The Executives available in each area of specialization were
GPLTL,3LLETÈ3¶LTE\LTL&LTBN*LZ$ÉLEL¶L;*LLZELTBELTGQGL3LGE¶LLY¶LL mapped and effort was on to equip each Executive with
3L'LLÈ3¶LTEEL¶L;*LLZEELT P4EG:*LEN*L¶LLTYET ¹&L&LTB GPLTL,3LL minimum 2 areas of specialization in order to have alternate
ETE&LMTE&L\LTLLTB&LTBM&L'L;EKVTELÈ¶LLM'LL" utilization.
49
E&L;QLGK¶LLTBEIWL¶LRÈLT*L2LCZ Age Profile of the Employee
MLPÉLLVI*LXP;EGV¶LLTUV PB&LLVPMBMLÉLVGPELM¶LLTUVLETGV*LLOV As a result of the carefully planned & executed Human
Resource Development Plans, the Bank undertook need
ET*LGKLL&L-P*L>$L4BEVTY3L3LIVPLLT&LTBWLP¶LE3LL*LKWLÉLLGK3L based extensive recruitment in the last three years which also
0¶LL*LE)L3LI;ELTW*LVL¶LLH4GUMET*LGKLL&L-P*LE&L;QLGK¶LLTBEIWL¶LR resulted in changes in employee age profile. The movement
ÈLT*L2LCZ&LTB *LGKP3L;VWL¶LLH4"G*L/ZT ER/PLLT ET OL4KLVMBPY;PLK of cadre-wise average age in the last few years is as under:
WL4MSWL¶LR&LTB*LGKP3L;VVIQTGO¶LLY¶LLH4
ELTWL4M3LWL¶LR WGÉLELKI GZG*LE WÉLIV-'L-7L*L2 M)LI Average age as on Officer Clerical Sub-staff All
st
31 March 2010 50.18 49.82 46.89 49.29
&LLQ;
31st March 2011 50.37 49.62 45.91 49.02
&LLQ;
st
31 March 2012 50.14 44.93 44.48 46.75
&LLQ;
st
31 March 2013 49.49 44.70 42.41 45.96
&LLQ;
31st March 2014 49.12 43.00 40.54 44.66
&LLQ;
31st March 2015 48.22 41.08 38.79 43.13
&LLQ;
G*L/ZT PLLT ET OL4KLV M)LI MBPYLT FTB E&L;QLGK¶LLTB EI WL4M3L WL¶LR The average age of employees in each cadre came down
&LTBGYKLP7WLC;H4"¶LH)LIÉ¶LLVOTVT¶LLT9¶LH4GECMPL;ETOL4KLV over the years. It is also noticeable that average age as on
31.03.2015 came down during the year.
ELTWL4M3LWL¶LR&LTBE&LIHRC;H4"
-7L*L2ETGZ E:¶LLLELKI¶LLTUVL B Welfare Schemes for Staff
The Bank continued with its 13 Welfare Schemes for staff for
$L4E
B VT-7L*L2ETGZ W*LVIE:¶LLLELKI¶LLTUVL BGPºLI¶LPL; the financial Year 2014-15 as well. A Core Working Group
&LTB )LIULKIK<LI"CV¶LLTUVLWLTB EIGVYKLVIWL4KM&L¶LM&L¶L*LK¶LLTUVLWLTB &LTB is set up to monitor the schemes and make improvement in
MRÉLLKETGZ EELTKPEYY[*R LEI-'LL*LVLEIYC;H4"ELTKPEYY[*R L schemes from time to time. Meeting of the Core Working
EI$L4#EM&L¶LM&L¶L*LKWLP¶LE3LLVRMLKWL¶LLTGU3LEIUL3LIH4" Group is held from time to time and is need based.
WLK\LLVIG3L Reservation Policy
$L4E B MKELK^LKLM&L¶LM&L¶L*LK¶L'LLGVÉLL;GK3LWVRMGX Q3LULG3L¶LLT>B WVRMGX Q3L The Bank follows the reservation policy for SCs, STs and
UVULG3L¶LLTB WL4KW6¶LG*L/.LPY;ETGZ WLK\LLVIG3LEL*LLZVEK3LL OBCs as prescribed by the the Government from time to time.
H4"WVRUL!WVRUUL!WGJPETEF;QLGKLTB EIFLQ; The position in respect of SC/ST/OBC employees in different
BPFLQ;ELTGPG)L6VMBPYLTB; FTB G-'LGSGV&VJ[ELKH4: cadres as on 31st March, 2014 and 31st March, 2015 is as
under:
WVRMXGQ3L ULG3L!WVRMXGQ3L UVULG3L!W6¶L G*L/.L PY; ET
Strength of SC/ST/OBC Employee
E&L;QLGK¶LLTBEIMB<¶LL
MBPY; &LLQ; &LLQ; CADRE MARCH 2014 MARCH 2015
WUL WUUL WG*LP WUL WUUL WG*LP SC ST OBC SC ST OBC
WGÉLELKI Officer 4400 1496 1710 4815 1673 2163
GZG*LE Clerks 5153 1243 3714 5459 1321 4848
WÉLIV-'L-7LJ2 Sub Staff 6338 828 2675 6633 903 3110
*LI7I MMGH3L
(incl. PTS)
ERZ Total 15891 3567 8099 16907 3897 10121
$L4BEVT?*LI V$LI*LGKPLKETVL&LMT*LI*LRZML¾7*L4ETUELN*L¶LLTY The Bank used People Soft Package in the name of ‘PNB
GE¶LLGUM&LTB M)LIE&L;QLGK¶LLTB EL0¶LL*LE.L7L$LTMLLG&LZH4"CMVT Parivar’ which contains exhaustive database of all the
employees. It enabled the Bank to effectively utilize
E&L;QLKIMB$LBÉLIEL¶LLT U4MT E&L;QLKIE:¶LLLELKIMRGPÉLLWLTB>GPG)L£ technology for all employee related tasks like staff welfare
ÈG3L*LX3L¶LLTB> -'LLVLB3LKL!3L4VL3LI> WPELL GV¶L&LLTB> WLTPK7LC&L )LRY3LLV> benefits, various reimbursements, transfer/postings, leave
PT3LV&LLVELG*L27&LTB7>MTPLGVPAGºLOT¶LLTBWLGOETGZ $L4BEELT3LEVIE rules, overtime payment, fitment of salary, terminal dues
ET È)LLPI N*L¶LLTY &LTB M\L&L $LVL¶LL H4" M)LI E&L;QLGK¶LLTB EL PT3LV etc. Salary was also being credited online through HRMS
ET6ÇI²3L*LMT QWLK &L MET&LLÉ¶L&LMTWL8VZLCV¹TG.7GE¶LL centrally in respect of all employees and loan deductions
ULKHLH43L'LLML'LML'LNMIGOVLLTBEIE7L43LI)LIEIULKHI were simultaneously being made on the same day. PAF
submission/ assessment of Officers upto TEG-VI was made
'LI"GPºLI¶LPL; MT 7IC;UIVI3LE*LI *L2È-3LRG3L!&LX:¶LLBEV
online from FY’13.
WL8VZLCVEKGO¶LLY¶LL'LL"
50
okf"kZd fjiksVZ
WL4]LTGYEMB$LBÉL Industrial Relations

$L4E
B &LTB E&L;QLKI!WGÉLELKI MLTGM LV^LKLN#L Y &LRÎLTB *LK3L3ELZ Industrial Relations in the Bank continued to be cordial with
ELK;PLC;GE ULVTMTWL4]LTGYEMB$LBÉLML4HLÇ;*LXL;$LVTHR 'LT"GPG)L£&LRÎLTB issues raised by Workmen Union/Officers’ Association being
attended to immediately. Various meetings were held with
*LKQQL;EKVTETGZ EO&LN#LVTHT3LRPL;ETOL4KLV$LHRM<B ¶LWL8G*L2MM; the representatives of the majority Officers’ Association/
MLTGM LV!EL&LYLK¶LXGV¶LVETÈG3LGVGÉL¶LLTB ETML'LGPG)L£$L4#ELTB EL Workmen Union during the year to discuss various issues and
WL¶LLTUVGE¶LLY¶LLWL4KM&L-¶LLWLTB ELM&LLÉLLVGE¶LLY¶LL" take steps to resolve the same.
ÈGL\LLYG3LGPGÉL¶LL8B Training Activities
$L4BEEIÈGL\LLÈLLZIM)LI-3LKLTB*LK-7L*L2ET,LV>EL4LZWL4K The Training system of the Bank is functioning effectively for
&LVLTPAGºLMBPÉL;VETGZ È)LLPIBYMTEL¶L;EKKHIH4ULTGEY[LHE enrichment of Knowledge, Skills and Attitude of the staff at all
ETG6Ç3LWL4KÈL4]LTGYEIMBQLGZ3L$L4BE&LTB *LLB3LGK3LHLTVT ET GVYG&L3L levels in line with the organizational objective to transform
NÎT¶LETWVR*LH4" the Bank to a customer centric and technology driven.
$L4E
B ET *LLMGL-3LKI¶LÈGL\LLÈLLZI-'LLG*L3LH4 GUM&LTB EMPLT1; Q The Bank has a three tier training set up comprising of one apex
-3LKI¶LÈGL\LLET6ÇGOkI&LR<¶LLZ¶L&LTB H4"CMET6ÇELVL&L??ET6ÇI¶L level training centre at its Headquarters in Delhi. The centre
-7L*L2ELZTU MI MMI
H4ULTGMGPZZLCBM>GOkIETLLB3LPL3LLPKL named as ‘Central Staff College’ (CSC) is located in the serene
environments at Civil Lines, Delhi. It caters to the training
&LTB G-'L3L H4" ¶LH N1Q!PGKs!&LÉ¶L&L È$LBÉLV MBPY; ET WGÉLELGK¶LLTB EI
needs of Top/Senior/Middle Management Grade officers on
ÈGL\LLWLP¶LE3LLWLTB EI*LX3L??WGvZ)LLK3LI¶L-3LK*LKEK3LLH4" ‘All India’ basis. Three Regional Staff Colleges (RSCs) are
3LIV\LTLI¶L-7L*L2ELZTU WLK MMI
&LR&$LC;>ZvV¦3L'LLQ.IY located at strategically important cities i.e., Mumbai, Lucknow
ET &LH3P*LXL; PB KLVIG3LE LHKLTB &LTB G-'L3L H4"B ¶LT PGKs!&LÉ¶L&L!EGVs and Chandigarh. They cater to the training needs of Senior/
È$LBÉLV ET WGÉLELGK¶LLTB ET ML'LML'L E&L;QLKI 3L'LL WÉLIV-'L -7L*L2 Middle/Junior Management officers as well as workman &
EI ÈGL\LL WLP¶LE3LLWLTB ELT *LXKL EK3LT H4"B CMET WG3LGK%S ML3L sub staff. In addition, seven Zonal Training Centres (ZTCs)
WBQZÈGL\LLET6Ç U4.7IMI
OTL)LK&LTB OTHKLOXV>VC; GOkI>U¶L*LRK> are also functioning across the country at Dehradun, New
Delhi, Jaipur, Kolkata, Kozhikode, Ludhiana and Patna. These
ELTZEL3LL>ELTGELT.>ZRGÉL¶LLVL3L'LL*L7VL&LTB EL¶L;K3LH4B WL4K&LÉ¶L&L! ZTCs are looking after the training needs of Middle/Junior
EGVsÈ$LBÉLVY[.T WGÉLELGK¶LLT>B GZG*LEI¶LPWÉLIV-'L-7L*L2EIÈGL\LL Management Grade officers, Clerical and subordinate Staff.
WLP¶LE3LLWLTB ELT*LXKLEK3LTH4"B MXQVL PBÈL4]LTGYEIET$L4E B EIKI Information & Technology being the backbone of banking,
HLTVT ETVL3LT>$L4E
B EL EGPGLrÈGL\LLET6Ç*L2KIOL$LLO&LTB G-'L3LH4ULT the Bank has one exclusive IT Training Centre located at
MXQVLÈL4]LTGYEIET\LTL&LTB WGÉLELGK¶LLTB EIÈGL\LLWLP¶LE3LLWLTB ELT Faridabad catering to training needs of officers in the areas of
*LXKLEKKHLH4"OXMKI-PL¶LºLMB-'LL*LI V$LIMXQVLPÈL4]LTGYEIMB-'LLV Information Technology. Another autonomous Institute named
PNB Institute of Information & Technology (PNB IIT), located
*LI V$LIWLC;WLC;7I
ETVL&LMTZvV¦&LTB -'LLG*L3LH4ULTGPG)L£$L4E B LTB at Lucknow which in addition to conducting IT programmes
ETWGÉLELGK¶LLTB ETGZ $L4B EYÈL4]LTGYEI*LKWLC;7IEL¶L;¹&LMBQLGZ3L on Banking Technology for officials of various banks also runs
EKVTETML'L$L4E B ETGZ EGPLTLQ4VZ)LIQZL3LTH4"B an exclusive channel for the Bank
$L4BEW*LVTGPG)L£MBPYLTETWGÉLELGK¶LLTBELTGPGLr\LTLLTB&LTBÈG3LGs3L
The Bank also imparts training to its officers in different Grades
$LLÂ ÈGL\LL MB-'LLVLTB ET &LLÉ¶L&L MT )LLK3L 3L'LL GPOTL OLTVLTB FTB in specialized areas through outside training institutions of
J[GL\LL OTSL H4 U4MT MMIWLC; H4OKL$LLO> MIWLT.I H4OKL$LLO> repute both in India & abroad viz. ASCI Hyderabad, COD
WLC;.IWLK$LI7IH4OKL$LLO> VWLC;$LI &L*LXLT>MI $LI WLK$LIWLC;
*LXLT> Hyderabad, IDRBT Hyderabad, NIBM Pune, CAB (RBI) Pune,
WLC;WLC; &LZvV¦>WLC; &LWLC;VC;GO:ZI>WLC;WLC; &LWH&LOL$LLO> IIM Lucknow, IMI New Delhi, IIM Ahmedabad, CAFRAL
MI *L2WLK Z&LR&$LC;>WLC;WLC;$LI *L2&LR&$LC;>*L2T.LC;> &L.IWLC;WL4K Mumbai, IIBF Mumbai, FEDAI, MDI and NIBSCOM, BIRD
VWLC;$LI MMIWLT &L>$L.;ZvV¦>WLC;WLC;$LI &LYRPHL7IWLGO" Lucknow, IIBM Gauhati, etc.
PL;&LTB $L.T *L4&LLVT*LKHRC; )L3L¶LLTB ELTÉ¶LLV&LTB KvEK>M)LI In view of large scale recruitments in 2014-15 also, ‘Induction
V Q¶LGV3LWGÉLELGK¶LLTB PBE&L;QLGK¶LLTB ETGZ *L2I:.&LTB NVEIGV¶LRG%S Training Programmes’ of 1-30 weeks were conducted for all
MT *LXP; N6HTB LLvL ET GZ N*L¶LR%S $LVLVT HT3LR MT M*3LLH ET newly recruited Officers and workmen to make them branch
ready before joining their duties in the field. In addition, for the
?ÈPTLÈGL\LLEL¶L;¹&LWL¶LLTGU3LGE Y 'LT"CMETWG3LGK%S&LL4UOX L
existing employees’ trainings in key subject areas like Credit,
E&L;QLGK¶LLTB ET GZ ¹TG.7> ²GL> M &LC;> GPOTLI GPGV&L¶L> MXQVL Agriculture, SME, Foreign Exchange, Information Technology,
ÈL4]LTGYEI> V*LI È$L6ÉLV> ULTGv&L È$L6ÉLV WLGO U4MT È&LRv GPL¶LLTB NPA Management, Risk Management, etc. were conducted.
ET ÈGL\LLWL¶LLTGU3LGE Y "N1QY[.T !-ETZ&LTB ÈLT£G3LHT3LR C1/RE All SC/ST employees aspiring for promotion to higher grade/
M&L-3LWVRMGX Q3LULG3L!WVRMGX Q3LUVULG3LETE&L;QLGK¶LLTB ELT*LOLT£G3L*LXP; scale were provided Pre-promotion trainings. Similarly
ÈGL\LLÈOLVGE Y "CMIÈELK>GPG)L£Y[.T !-ETZ&LTB VP*LOLT£3L newly promoted officials in different Grade/Scale were
WGÉLELGK¶LLTB ELTEL¶LL;3&LEWL4KÈ$L6ÉLVEL4LZ\LTLLTB &LTB *LOLT£G3L*L1LL3L_ covered under post promotion trainings both in Functional &
Management skill areas so as to equip them to take up higher
ÈGL\LLÈOLVGE¶LLY¶LL3LLGEPTWGÉLENºLKOLG¶L3PZTVT HT3LRM\L&LHLT responsibilities. Besides, Faculty Development Programmes
METB "CMET WZLPL> LKTZX MBEL¶LET ÈGL\LLEL4LZELT $LLVT HT3LR (FDP) were also organized for enhancing the training skills of
MBEL¶LGPELMEL¶L;¹&LLTB *L2.I*LI
EL)LIWL¶LLTUVGE¶LLY¶LL" in-house Faculty of the Bank.
51
CMET WG3LGK%S $L4BE &LTB NºLKLGÉLELK GV¶LLTUV ET WBY-P*L 3L'LL Further, as a part of succession planning in the Bank and
PGKs!LIL; È$L6ÉLV Y[T. WGÉLELGK¶LLTB &LTB VT3LA3P YRLLTB ELT $LLVT ET to enhance Management qualities amongst Senior/Top
GZ EÈG3LGs3LÈGL\LLMB-'LLV?&L4MM;»4BEGZVELTPMTE&*LVI Management Grade Officers, the Bank constituted 3 Executive
Skills Development Programmes, from “M/S Franklin Covey”
EL¶L;¹&LLTB&LTB$L4BEVTEL¶L;*LLZEEL4LZGPELMEL¶L;¹&LMB-'LLG*L3L
a reputed training institute in which 94 AGMs & DGMs
GE >GUM&LTB MHL¶LE&LHLÈ$L6ÉLELTB PN*L&LHLÈ$L6ÉLELTB VT )LLY participated. CSC also conducted 13 MDP Programmes in
GZ¶LL"ET6ÇI¶L-7L*L2EL8ZTUVT)LI &L.I*LIEL¶L;¹&LGE >GUM&LTB which 437 Senior Officials were imparted training.
PGKsWGÉLELGK¶LLTBELTÈGL\LLÈOLVGE¶LLY¶LL'LL"
$L4BEEIÈGL\LLVIG3LÈ3¶LTEPL;%E&L;QLGK¶LLTBELTÈGL\LLÈOLV Training Policy of the Bank envisages a training reach of 50%
EKVT *LKEL¶L; EK3LIH4 "CMNÎT¶LELT *LXKLEKVT ET GZ GPºLI of employees every year. Towards fulfillment of this objective,
PL;ETOL4KLV>$L4BEVTE&L;QLGK¶LLTBELTCVHLNMÈGL\LL during FY'15, the Bank imparted 167593 man days training
ET&LLÉ¶L&LMT+&LGOPMLTBELÈGL\LLÈOLVGE¶LL"CMET to 48421 employees through in-house training. In addition,
ML'LHI>+&LGOPMÈGL\LL&LTBWGÉLELGK¶LLTBVT)LLK3LWL4K 9263 man days training was imparted to 2053 officers at
GPOTLLTB&LTBG-'L3LÈG3LGs3L$LLÃ¶LMB-'LLVLTB&LTBÈGL\LLÈL*3LGE¶LL" reputed outside Institutes in India and abroad.
WL8VZLTETLVÈGL\LL On Location Training

$L4E
B EIÈGL\LLVIG3LETWVRMLKWL8VZLTET LVEL¶L;¹&LWL¶LLTGU3L As per Training Policy of the Bank, 468 on-Location
programmes were conducted, in which 11114 employees
GE Y 'LT GUV&LTB WGY[&L*LBG%SET E&L;QLGK¶LLTB 3L'LL*LL7; 7LC&LM*L2LC; were imparted training on different small modules, including
E&L;QLGK¶LLTB ET GZ ML8¾7G-E:M> Z *LI M>VPIVMXQVLÈL4]LTGYEI Soft Skills for front line Staff & Part Time Sweepers, LAPS, New
*LHZLT>B P4EG:*LEG.ZIPKLTB Q4VZLTB 3L'LL&LLT$LLCZ$L4B EY*LKEL¶L;¹&L> V*LI IT Initiatives, programmes on Alternative Delivery Channels
È$L6ÉLV>¹TG.7KT7Y>ULTGv&L&LX:¶LLBEVWL4KC;VIZL&LIWLGOMGH3LGPG)L£ & Mobile Banking, NPA Management, Credit Rating, Risk
/LT7T &LL8.¶_ LX:M*LKE&L;QLGK¶LLTB ELTÈGL\LLÈOLVGE Y 'LT" assessment and e-Auction, etc.
C;ZVY e-Learning
$L4BEEIÈGL\LLÈLLZIE&L;QLGK¶LLTBELTÈGL\LLEIPAHO*LHRQÈOLV Training system of the Bank makes extensive use of technology
EKVTETGZ 3LEVIEIEL0¶LL*LEN*L¶LLTYEK3LIH4"¶LHL8B EGPGLr for facilitating greater training reach of the staff. There is
VL8ZTUMTB7KPT$LMLC7H4>GUM&LTB ÈÉLLVEL¶LL;Z¶LET M)LIÈ)LLYLTB ET exclusive Knowledge Centre website, comprising of e-circular
C;*LGK*LLLTBMGH3LVPIV3L&L$L4BEY PBWL'LEW*L.T7EI EVL8ZTU of all HO Divisions, knowledge repository of latest banking
GK*LL8GU7KI H4" ¶LH PT$LMLC7 MI$LI M VT7PE; WL4K CB7KVT7 OLTVLTB ET and economic updates. This web-site is available to the staff
both through CBS network as well as via internet.
&LLÉ¶L&LMT-7L*L2ELTN*LZ$ÉLH4"
$L4BEELGPLTLC;ZVY&LBQ??*LI V$LI,LVLTO¶LOTL)LK&LTBWL4K ‘PNB Gyanuday’, the Bank’s exclusive e-learning platform
is accessible 24 X 7 to all employees across the country &
GPOTLLTB&LTBM)LIE&L;QLGK¶LLTBELTXETGZ MRZ)LH4"¶LHC;ZVY
abroad. This is an interactive mode of learning that covers
EI E CB7KTG%7P GPGÉL H4 ULT GPG)L£ *L2LTEM \LTLLTB ¶L'LL ¹TG.7> Banking topics on various focus areas viz. Credit, Foreign
GPOTLI GPGV&L¶L> GK7TZ $L4BEY> MI$LI M!WLC;7I> ETPLC;MI> &L Z> Exchange, Retail Banking, CBS/IT, KYC, AML, Marketing, Risk
GP*LLV>ULTGv&LÈ$L6ÉLV> V*LI ELM&LLÉLLVWLGO*LK$L4BEYGPL¶LLTB Management, Resolution of NPAs, etc.
ELTEPKEK3LIH4"
LLvL PBEL¶LL;Z¶LVT7PE; 8. Branch and Office Network
LKTZXN*LG-'LG3L Domestic Presence
ELT$L4BEET*LLMLLvLWLTBELM$LMT$L.LVT7PE; The Bank has one of the largest branch networks of 6560 as
H4" CV&LTB E GP-3LLK *L7Z )LI H4" $LÇIVL'L N3LKLv.
&LTB E on 31.03.2015. It included one Extension Counter also. All
GP-3LLK *L7Z ELT /LT.EK M)LI GP-3LLK *L7ZLTB ELT *LXL; LLvL &LTB the Extension Counters except one at Badrinath (Uttrakhand)
*LGKP3L3LEKGO¶LLY¶LL'LL" were upgraded into full fledged branches.
52
okf"kZd fjiksVZ
WB3LKL;rI¶LN*LG-'LG3L International Presence

$L4BE EI OTLLTB &LTB WBSKL;7I N*LG-'LG3L H4> GUM&LTB LLvL B As on 31.03.15, the Bank had its overseas presence in 9
HLBYELBY&LTBWL4K E.IWLC; *L2MI>OR$LC;&LTB
>ÈG3LGVGÉLEL¶LL;Z¶L countries which includes 3 branches (2 in Hong Kong and one
LB LLC; QIV
> OR$LC; X C;
PB GM.VI WL-7TGZ¶LL
> WVRLBYI in DIFC, Dubai), 3 Representative Offices each in Shanghai
(China), Dubai (UAE) and Sydney (Australia), 3 Subsidiaries
ZBOV>EULv-3LLVWL4K)LX7LV
3L'LLVT*LLZ&LTB EMB¶LR%SN*L¹&L
(London, Kazakhstan and Bhutan) and a Joint Venture Bank
D4BELLG&LZH4"$L4BEEI&LR&$LC; &LTB EWL*L2LLTK$L4BEY¶LXGV7)LI in Nepal. The Bank also had an Offshore Banking Unit in
'LI" Mumbai.
VC;GOLL New Forays
$L4BEVT GM.VI>WL-7TGZ¶LL&LTB ÈG3LGVGÉLEL¶LL;Z¶LELT *LXL; LLvL&LTB The Bank filed application for upgrading of Representative
N£¶LVETGZ WL-7TGZ¶LL&LTBWLPTOVGE¶LLHRWLH4 PBLB LLC;>QIV Office in Sydney, Australia to a full- fledged branch in Australia
&LTBÈG3LGVGÉLEL¶LL;Z¶LET ELLvL&LTBN£¶LVETGZ EL¶L;PLHI)LI and is also looking forward for upgrading of Representative
EKKHLH4" Office in Shanghai, China to a branch.
$L4BE VT GV¶LL&LE WL4K C6PT-7&LTB7 $LLT.; $LLB9ZLOTL MT $LLB9ZLOTL &LTB The Bank got permission from the Regulator and the Board
ÈG3LGVGÉLEL¶LL;Z¶LvLTZVTEIWVR&LG3LÈL*3LEKZIH4"$L4BEELTBYXV> of Investment, Bangladesh for opening of a Representative
Office in Bangladesh. The Bank also received the Regulator’s
&¶LLV&LLK&LTB EÈG3LGVGÉLEL¶LL;Z¶LvLTZVT EIWVR&LG3L)LIGV¶LL&LE
permission for opening of a Representative Office in Yangon,
MTG&LZYC;H4" Myanmar.
CMETWG3LGK%S>$L4BE&LLTUL&$LIE>MLN'LW»IEL>+IZBELPD[LUIZ Further, the Bank is also exploring possibilities for its presence
&LTBN*LG-'LG3LOU;EKVTEIMB)LLPVL B)LI3LZLLKHLH4" in Mozambique, South Africa, Sri Lanka and Brazil.
WB3LKL;rI¶L$L4BEY 9. International Banking
W*LVIWGÉL²3LGPOTLIGPGV&L¶LLLvLWLTBGPGV&L¶L$¶LXKLTP0¶LL*LLK Through its network of 228 authorized forex branches, Exchange
GPºL*LGKQLZVLTBETGZ EGPOTLIGPGV&L¶LET6ÇI²3L$L4EWLG*L2M Bureaus and a forex Centralized Back office for Trade Finance
ET&LLÉ¶L&LMT$L4BEVT%PLLEPAGOLL;3LTHR GPºLI¶LPL; operations, the Bank registered a Forex turnover of ` 1,36,728
ETGZ >>EKLT.EL*L2LTKT%M7V;WLTPKOU;GE¶LLH4" crore for FY’15 showing annual growth of 6%.
CMET WG3LGK%S>$L4BEVT WB3LKL;rI¶LMTPLLLvL>VC; GOkIET &LLÉ¶L&L Further, remittances to the tune of ` 55,488.06 crore were
MTEKLT.ELÈTLLÈL*3LGE¶LL'LL"¶LHM)LIWLPE received through Bank’s International Service Branch, New
Delhi which is the nodal office for all inward remittances.
ÈTLLLTBETGZ VLT.ZEL¶LL;Z¶LH4"$L4BEVT*L¶LLWLHKL0¶LP-'LLET The Bank also expanded its tie up with Exchange Houses
WB3LY;3L %MQTBUHLNMMTW*LVT7LC;W*LELGP-3LLK)LIGE¶LLH4"$L4E B under Rupee Drawing Arrangement taking the number to
VT*L¶LLWLHKL0¶LP-'LLET3LH3LGPGV&L¶LYAHLTB ETML'LW*LVTY#ULT. 35 (30 in the Gulf, 1 in Australia and 2 each in Singapore
&LTB )LI$LLºT LKIEIH4 GUMMT W$L3LE¶LHMB<¶LL Y:*L2&LTB > and USA). In addition to real time credit into accounts of
WL-7GT Z¶LL&LTB PB MYL*LRK3L'LL¶LX M È3¶LTE&LTB OLTOLT
3LE*LHRQ the Bank’s customers (PNB FlashRemit/PNB Instcredit), the
Y¶LIH4"$L4EB ETY[LHELTB ET<LL3LT&LTB 3L3ELZ¹TG.7ETWG3LGK%S *LI V$LI Bank pioneered the launch of Immediate Payment Service
(IMPS) in partnership with National Payment Corporation
¾Z4LKTG&L7!*LI V$LICB-7¹TG.7
>$L4E B VTWLC; &L*LI M*ZT7*L2L&L;*LKG-'L3L of India (NPCI) for providing instant credit to customers of
W6¶L$L4E B LTB ETY[LHELTB ELT3PGK3L¹TG.7N*LZ$ÉLEKLVTETGZ )LLK3LI¶L other banks present on the IMPS platform. The Bank also had
KLrI¶L)LRY3LLVGVY&L V*LIMIWLC;
ETML'LMLTOLKI&LTB 3L3ELZ)LRY3LLV arrangements with 6 Money Transfer Operators under Money
EIMTPL WLC; &L*LI M
ELLR)LLKB)LGE¶LLH4"3PGK3LWL4KMKZ3LLMT Transfer Service Scheme (MTSS) for quick and easy money
ÉLVH-3LLB3LKLETGZ ÉLVWB3LKLMTPL¶LLTUVL &L7I M M
ETWB3LY;3L transfers.
$L4E
B EIÉLVWB3LKLMBY#VLTB ETML'L0¶LP-'LL)LIH4"B
10. Operations Division
*LGKQLZVÈ)LLY
Operations Division at Head Office was formed w.e.f.
*LI V$LIÈYG3LVL&LE?MBY#VL3&LE*LLB3LKL3L'LLELKLT$LLKIN3²r3LL 01.04.2013 to pursue the initiatives under “Operating Model
EL¶L;¹&L ET ?*LGKQLZV &LL8.Z WVREXZV -3LB)L ET WB3LY;3L Optimization” pillar of “Organizational Transformation and
N#L Y EO&LLTBELTWLYT$LLVTHT3LRGOVLBEELTÈÉLLV Business Excellence Program 2011” named PNB PRAGATI.
EL¶LL;Z¶L&LTB*LGKQLZVÈ)LLY$LVL¶LLY¶LL" Under PNB Pragati initiative, efforts were being made to
JI VDIÈYG3L*LHZETWB3LY;3L>Y[LHELTELTWVR*L&L$L4B EYWVR)LPÈOLV organize model branches with state-of-the-art infrastructure
EKVTETGZ W3¶LLÉLRGVEWLÉLLK)LX3LLBQT 3L'LLUV$LZEIMHL¶L3LLMT and manpower support to provide unique banking experience
&LL8.ZLL<LL B$LVLVTHT3LRÈ¶LLMGE ULKHTH4"B -P¶LBMTPL\LTL>*LBG%S to the customers. This model ensured a customer centric
system of delivery of products and services through the main
È$L6ÉLV ÈLLZI> -PLY3LI> Y[LHE MTPL ÈG3LGVGÉL 3L'LL ELKLT$LLK GPELM Pragati modules of Self Service Area, Queue Management
ÈG3LGVGÉLETÈ&LR<LÈYG3L&LL8.¶_ LX:MET&LLÉ¶L&LMT¶LH&LL8.ZN3*LLOLTB PB System, Receptionist, Customer Service Executive and
MTPLWLTB EIG.ZIPKIEIY[LHEET6ÇI²3LÈLLZIMRGVG1L3LEK3LLH4" Business Development Executive.
53
GPºLI¶LPL; ET WBS3LE TMI&LL8.ZÈYG3LLL<LLWLTB EIMB<¶LL As at the end of March 2015, the number of such model
3LE*LHRQY¶LI"$L4BEVT &LLQ; 3LECMMB<¶LLELT Pragati branches reached 666. The Bank plans to take this
3LEZLVTEI¶LLTUVL$LVLC;H4" number to 1350 by March 2016.
CV&LL8.ZLL<LLWLTB FTB WPÉLLKLLET EL¶LL;6P¶LVET -3LKET WLÉLLK These model branches have a defined Star Certification system
*LK*LLQ-7LK3LEMR*LGK)LLGL3L-7LKÈ&LLLIEKLÈLLZIH4"&LLQ; of upto five stars depending on the level of implementation
ELT>ÈYG3LLL<LLWLTB&LTBMTLL<LLWLTBEL-7LK-7T7M of the concept. As at 31st March 2015, out of 666 Pragati
branches, 360 branches had Star 3 status while 9 branches
'LLU$LGELL<LLWLTBEL-7LK-7T7M'LL"
had Star 4 status.
ÈYG3LLHK:$L4BEVT ÈYG3LLHKLTB ET *L&LTB ER/È&LR<LLHKLTB ELT
VLG&L3LEKVTEIWPÉLLKLLEI)LILRWL3LEI>UHLBM&L-3LLL<LL Pragati Cities: The Bank also initiated the concept of
designating certain major cities as Pragati cities where all
ÈYG3L&LL8.ZETWB3LY;3LHLTBYI"&LLQ;3LE3LIVLHKLTBW'LL;3L_
branches would be under the Pragati model. Till 31st March
)LLT*LLZ>VLT .LWL4K*LG7¶LLZLVTÈYG3LLHKELOUL;ÈL*3LGE¶LL"$L4BE 2015, three cities namely Bhopal, Noida and Patiala attained
ET ÈYG3L&LL8.ZEIN1QM*L2Z3LLELT ÈL*3LEKVT ET ¹&L&LTB PB Pragati City status. Plans were afoot to include more cities
WGÉLEY[LHELTB ELT ÈYG3L¾ZTPKN*LZ$ÉLEKLVT ET GZ GPºLI¶LPL; under the Pragati city group during FY'16 in order to achieve
ETOL4KLVÈYG3LLHKY[R*LET3LH3LWGÉLEMTWGÉLELHKLTBELT higher visibility of the Bank’s Pragati model and to make
LLG&LZEKVTETGZ ¶LLTUVL$LVLC;YC;" Pragati flavour available to more customers.
VPIV*LHZÈ)LLY 11. New Initiative Division

GPºLIPL;ETOL4KLV>$L4BEVTV ELKLT$LLKÈL*3LEKVTETGZ During FY'15, the Bank had put in place a proper marketing
ENGQ3LGP*LLVMBKQVL PB*LA'LEP7EZWLÉLLK*LK??*L2I7WL8V structure and separate vertical based on “Feet on Street”
-7I7WPÉLLKLLEIMBE:*LVLEI"GE¶LLT-E$L4BEYEIWPÉLLKLL concept to acquire fresh business. The concept of Kiosk
EL¶LL;6P¶LVET3LH3L'LIGUMMTWL8*L2MLC7-'LLVLTBMTV Y[LHELTBELT Banking was under implementation which would help in
WLEL3LEKVT&LTBMHL¶L3LLG&LZTYI" acquiring new customers from off-site locations.
G.GU7ZIEKLEIGOLL&LTB VP-'LLG*L3LGP*LLVP7EZELN*L¶LLTY Towards digitalization, the Bank proposed to come up with
EKV Y[LHELTB ELTWLEL3LEKVTETGZ $L4E B VT74$L$L4B EYETML'L tab banking for acquisition of new customers using the newly
WLVTELÈ-3LLPK<LLH4"CM&LL&LZT*LKWLYT$L4E B VT*L2LTEM\LTLET*L set up marketing vertical. Further on this front, the Bank
&LTB ??G&LLVVT%M7UTVEI*LHQLVEI PBGPºLIPL;ETGZ identified “Mission Next Gen” as the focus area and target
*LIIX PB*LIIYELTZ\¶LGE¶LLH4"$L4E B CMZ\¶LELTÈL*3LEKVT Gen X and Gen Y for FY'16. The Bank is reorienting business
ETGZ 0¶LL*LLKWL4KGP3LKL&LL8.ZELTV¶LIGOLLOTKHLH4" and delivery model to achieve this target.
$L4BEVT ELKLT$LLKÈL*3LEKVT WL4KMTPLÈOLVEKVT &LTB MRÉLLKZLVT ET The Bank embarked upon to open 121 new Offsite E-lobbies
GZ MB-'LLY3LWL4KE4B7LTV&LTB7\LTLLTB &LTB VC; WL8*L2MLC;7C;ZL8$LI at institutional and cantonment areas to acquire business and
ELT<LLTZVTEILRWL3LEI" improve upon in service delivery.
$L4BEVT VWLKWLC;ELKLT$LLKEIÈL'LG&LE3LLÈL*3L\LTLLTB&LTBMT EET The Bank identified NRI business as one of the priority areas.
*L&LTB*LHQLVEI" VWLKWLC;Y[LHELTBETGZ $L4BEVT*LHZTMTHI The Bank already enabled Internet banking and Mobile
banking for NRI customers. The Bank initiated steps to put in
CB7KVT7$L4BEYWL4K&LLT$LLCZ$L4BEYELTM\L&L$LVL¶LLH4"$L4BEVTX
place 24*7 NRI help desk.
VWLKWLC;HT:*L.T-EEI-'LL*LVLETGZ EO&LN#L H4B"
A special help desk was put in place to service the customer’s
WLC;$LI M>&LLT$LLCZ$L4BEYWLGOU4MT P4EG:*LEQ4VZLTB MT MB$LBGÉL3L
requirements relating to Alternate channels like IBS, Mobile
Y[LHELTBEIUK3LLTBELT*LXKLEKVTETGZ ML'LHINVEIMF-LWLTB
banking, etc. with target to resolve the issues and Turnaround
ET M&LLÉLLV PB LB7T 7V;WKLNB.M&L¶LET ML'L EGPLTLHT:*L time of 24 hours.
.T-EEI-'LL*LVLEIY¶LI'LI"
The Bank also developed a concept of Digital village where
$L4BE VT G.GU7Z YLP EI WPÉLLKLL EL )LI GPELM GE¶LL UHLB the village will be Wi-fi enabled along with Off Site E-lobby
PLC;J2LC; M\L&LYLPET ML'LML'LWL8*L2MLC;7C;ZL8$LIFTB 7I &L> having ATM, Cash Deposits Machines, Electronic Cheque
VEOI U&LL &LLIVTB> CZT%7L8GVE Q4E U&LL &LLIVTB> *LLM$LRE W]3LV Deposits Machines, Passbook Updation Machines, PC with
&LLIVTB>CB7KVT7EVT%LVETML'L*LIMIWL4K7IPIG.-*ZT¶LXGV7HLTBYI" internet connection and TV display unit.
ELKLT$LLKGPGPÉLIEKL
12. Business Diversification
&¶LXQRWZJ2B.GPºLI¶LPL;ET OL4KLV>$L4BEVT *LI V$LI &LMI
Mutual Fund: During FY’15, the Bank distributed and marketed
WL4K¶LX7IWLC; &LMIET&¶LXQRWZ¾2B.N3*LLOLTBELGP3LKL PBGP*LLV Mutual Fund products of Principal PNB AMC & UTI AMC.
GE¶LL"$L4BEVT *L EKLT. EIERZKLGLUR7LC; PB GPºLI¶L The Bank mobilized total amount of ` 2653 crore and earned
PL;ETOL4KLV*L EKLT.EI3LRZVL&LTBEIPAGELT brokerage of ` 3.62 crore as against ` 2.05 crore during FY’14,
OLL;3LTHR *L EKLT.ELD[LTEKTUWU3LGE¶LL" showing a growth of 77%.
54
okf"kZd fjiksVZ
$LI&LLELKLT$LLK:*LI V$LI&LT7ZLC*L2CBG.¶LLCB¶LLTKTBMEB*LVIGZG&L7T. Insurance Business: As a corporate agent of PNB MetLife India

ET UTB7ET*L&LTB$L4BEVTGPºLI¶LPL;ETOL4KLVUR7L Y *L Insurance Co. Ltd., the Bank mobilized premium of ` 677 crore
EKLT.ETERZÈIG&L¶L&LEI3LRZVL&LTB*LL8GZGM¶LLTBMTGPºLI¶L (Fresh Business Premium of ` 343 crore & Renewal Business
Premium of ` 334 crore) during FY’15 from 99677 policies, as
PL;ETOL4KLV*L EKLT.ELÈIG&L¶L&L *L EKLT.EL
against total premium of ` 487 crore mobilized during FY’14.
VP0¶LPML¶LÈIG&L¶L&L PB *L EKLT. ELVPIEKL0¶LPML¶L The Bank’s earnings from Life-Insurance business during
ÈIG&L¶L&L
UR7L¶LL"GPºLI¶LPL;&LTB UIPV$LI&LLELKLT$LLKMT $L4BE FY’15 amounted to ` 59.74 crore as against ` 46.29 crore
EIWL¶LEIPAGOU;EK3LTHR GPºLI¶LPL;ET*L during FY’14 registering growth of 29%.
EKLT.EI3LRZVL&LTB*L EKLT.KHI"
Similarly, under Insurance tie-up with Oriental Insurance Co.
CMI ÈELK> Y4KUIPV $LI&LL ELKLT$LLK ET GZ WLTGK B7Z CB¶LLTKTBM Ltd. for Non-Life Insurance business, the premium collection
EB*LVIGZG&L7T.ETML'L$LI&LLY#ULT.ET3LH3L>GPºLI¶LPL;&LTB amounted to ` 193 crore from 4.40 lakh policies mobilized
ZL<L*LL8GZGM¶LLTBMTÈKLT.ELÈIG&L¶L&LMBY[GH3LGE¶LLYL" by the Bank, which earned revenue of ` 21.87 crore during
GUMMTGPºLI¶LPL;ETOL4KLVÈKLT.EI3LRZVL&LTBGPºLI¶L FY’15, as against ` 20.30 crore during FY’14, showing a
PL;ETOL4KLV*L EKLT.EIKLU-PWL¶LWU3LHRC;> growth of 8%. The Bank registered a growth of 23% in selling
of customized health insurance policy ‘PNB-Oriental Royal
GUM&LTB%EIPAGHRC;H4"$L4BEVTE-7&LLC5.-PL-'¶L$LI&LL*LL8GZMI
Mediclaim’. The Bank sold 1,20,899 policies during FY’15
?*LI V$LIWLTGK B7ZKL8¶LZ&LTG.%ZT&LEIG$L¹I&LTBEIPAGOU; vis-à-vis 98,596 policies sold during FY’14.
EI"$L4BEVTGPºLI¶LPL;ETOL4KLVG$L¹IEIYC;>*LL8GZGM¶LLTB
EI3LRZVL&LTBGPºLI¶LPL;&LTB>>*LL8GZGM¶LLG$L¹IEI" Depository Services: The Bank is providing Depository
Services as Depository Participant of NSDL. The Bank
G.*LLTGU7KIMTPL $L4BE V M.I ZET G.*LLTGU7KI)LLYIOLKET provided an access of de’mat account opening to all branches
*L&LTBG.*LLTGU7KIMTPL ÈOLVEKKHLH4"$L4BEVT*LHZTEIETPZ instead of only 650 authorized branches hither-to-fore and
ÈLGÉL²3LLL<LLWLTBET-'LLV*LKM&L-3LLL<LLWLTBELTG.&LT7<LL3LL centralized the verification process of de’mat account opening
<LLTZVTEIMRGPÉLLÈOLVEI PBG.*LLTGU7KI$L4EEL¶LL;Z¶L>VC;GOkI at Depository Back Office, New Delhi. This new system
&LTB G.&LT7<LL3LL<LLTZVT EIM3¶LL*LVÈG¹¶LLELT ETBÇI²3LGE¶LL"CM enabled branches to cater to the needs of the clients of far-
VC;ÈLLZIVTOXKOKLUET\LTLLTBETY[LHELTBEIUK3LLTBELTWLMLVI flung areas more conveniently.
MT*LXKLEKVTETGZ LL<LLWLTBELTM\L&L$LVL¶LLH4" The Bank earned an income of ` 87 lakh during FY’15 for
$L4BEVTG.*LLTGU7KIMTPL ÈOLVEKVTETGZ GPºLI¶LPL;ETOL4KLV providing Depository Services.
*L ZL<LEIWL¶LWU3LEI"
Repository Services-“e-Insurance Account (e-IA)”: The Bank
GK*LLTGU7KI MTPL B ?C;$LI&LL <LL3LL C;WLC
$L4BE> KL7I became approved person of National Insurance Repository
J[GS)LXGSGV\LT*LLYLKMTPLGZG&L7T. V M.I Z
ETVTLVZCB¶LLTKTBM (NIR) of National Securities Depositary Services Limited
GK*LLTGU7KI VWLC;WLK
ELÈLGÉL²3L$L4BE$LVY¶LL PB!! (NSDL) and started providing e-Insurance Account (e-IA)
MT CZT%7L8GVE *L &LTB $LI&LL *LL8GZGM¶LLTB P3L;&LLV &LTB ETPZ UIPV service for keeping insurance policies (presently life policies
*LL8GZGM¶LL
ELT K<LVT ET GZ C;$LI&LL <LL3LL C;WLC
EI MTPL only) in electronic form from 16.02.2015. The unique
feature of e-IA facility is that it is available free of charge to
ÈOLVEKKHLH4"C;WLC MRGPÉLLEIÈ&LR<LGPLTL3LL'LIGE¶LH
the customers and staff members i.e. no Account Opening
Y[LHELTB PB -7L*L2MO-¶LLTB ET GZ GVLR:EN*LZ$ÉL'LI¶LLGV<LL3LL Charges or Annual Maintenance Charges (AMC).
<LLTZVT PBPLLEK<LK<LLP &LMI
ETGZ ELTC;)LILR:EVHIB
OTVLHLTYL" Online Trading Services: Online trading facility was also
WL8VZLCV 7T.Y MTPL WL8VZLCV 7T.Y EI MRGPÉLL $L4BE ET provided through the Bank’s Alliance Partners viz. M/s. SMC
MH¶LLTYI*LL7;VK¶LLGV&L4MM; M &LMI9ZLT$LZGM%¶LLTGK7IUGZG&L7T.> Global Securities Ltd., M/s. IDBI Capital Services Ltd. and M/s.
&L4MM; WLC;.I$LIWLC; E4G*L7Z MPMTU GZG&L7T. WL4K &L4MM; VT7P'L; Networth Stock Broking Ltd. The Bank earned an income
of ` 29.88 lakh from these alliances on account of Online
-7L8ED[LTEYGZG&L7T.ET&LLÉ¶L&LMT)LIN*LZ$ÉLEKLC;YC;'LI"$L4BEVT
Trading Activities during FY’15.
GPºLI¶LPL;ETOL4KLVWL8VZLCV0¶LL*LLGKEYG3LGPGÉL¶LLTBETELKL
CVMH¶LLTGY¶LLTBMT*L ZL<LEIWL¶LWU3LEI" Merchant Banking: As Category-I Merchant Banker, the
&LQT;67$L4BEY+TLI&LQT7$L4BEKET*L&LTB$L4BEVTGPºLI¶LPL; Bank handled 67 assignments of Dividend Payment/Interest
ETOL4KLVZL)LLBL)LRY3LLV!$¶LLU)LRY3LLVETWMLCV&LTB7 PB$L4BEM; Payments and 8 assignments of Bankers to Issue during FY’15
7XCLXETWMLCV&LTB7ELMBQLZVGE¶LL3L'LL*L EKLT.EI and earned a float income of ` 5.71 crore.
¾ZLT7WL¶LWU3LEI" Being Self Certified Syndicate Bank (SCSB), Application
Supported by Blocked Account (ASBA) facility for submitting
-P¶LB È&LLGL3LMG.ET7$L4BE MMI M$LI
HLTVT ET VL3LT MLP;UGVE application in public issues (IPO/FPO/Right Issue) was made
CLX WLC;*LIWLT! *L2*LIWLT!KLC;7 CLX
&LTB WLPTOV ELT È-3LR3L EKVT ET available from all the branches of the Bank. This facility is
GZ WPKLTGÉL3L<LL3LL^LKLM&L'L3LWLPTOV WM$LL
EIMRGPÉLL$L4BE also available online to the Bank’s CASA account holders
EIM&L-3LLL<LLWLTB MT N*LZ$ÉLEKLC; Y¶LI'LI"¶LHMRGPÉLL$L4BEET (both retail and corporate IBS users). ASBA facility was also
ELML <LL3LL ÉLLKELTB GK7TZ PB EL8*LLT;KT7 WLC;$LI M N*L¶LLTYE3LL;WLTB available for Syndicate/Sub syndicate Members of SEBI.
55
OLTVLTB
ETGZ )LIN*LZ$ÉLH4"WM$LLMRGPÉLLMT$LIETMG.ET7!M$L During FY'15, the Bank collected applications for ` 67.59
MG.ET7MO-LTBETGZ )LIN*LZ$ÉL'LI" crore for 87 assignments handled by the branches.
GPºLIPL;ETOL4KLV$L4BEVTLL<LLWLTB^LKLÈ$LBÉLGE Y Credit Card: The Bank entered into premium card market in
WMLCV&LTB7ETGZ *L EKLT.HT3LRWLPTOV*LL ELGE " April 2014 by launching Platinum Credit Card which carried
exclusive features like availability of the Concierge Services
¹TG.7EL.;$L4BEVT*ZTG7V&LEL.;ELLR)LLKB)LEKWÈ4Z>&LTB
& higher reward points. The Bank’s Credit Cards were well
ÈIG&L¶L&LEL.;$LLULK&LTBÈPTLGE¶LLULTGPLTLMRGPÉLL BU4MTEL8G6M U; received by the public. As per Central Bank’s data, while the
MTPL B WL4KN1QGKPL.; *PLCB7ÈOLVEK3LLH4"$L4BEET ¹TG.7EL.; industry grew by 8.83% from December 2013 to December
EI$LHR3LMTZLTYLTBVTMKLHVLEI"MTB7Z$L4BEETWLBE.LTBETWVRMLK> 2014. The Bank's growth rate was 12.07% during the same
GOM&$LKMTGOM&$LK3LEUHLBWL4]LTGYEPAGOK period.
KHI>CMIWPGÉLETOL4KLV$L4BEEIPAGOK'LI"
In FY’15, to expand the presence of the Bank, an exclusive
GPºLI¶LPL;&LTB>$L4BEEIN*LG-'LG3LETGP-3LLKETGZ >*LI V$LI scheme for issuing credit cards to employees of PNB’s
VTÈL¶LLTGU3LWLKWLK$LIETE&L;QLGK¶LLTBELT¹TG.7EL.;ULKIEKVTET sponsored RRBs was launched apart from liberalising the
GZ EGPLTL¶LLTUVLELLR)LLKB)LGE¶LL"CMET WG3LGK%SMLPGÉL terms for issuance of credit cards against fixed deposit.
U&LLKLGL¶LLTBETGP¹TG.7EL.LTELTULKIEKVTETGZ L3LLTELT
The Bank took steps towards issuing all credit cards with
MKZ$LVL¶LLYL" EMV chip and PIN so as to enhance the security level of card
$L4BEVTC; &LPIGQ*L PBG*LVETML'LM&L-3L¹TG.7EL.;ULKIEKVT transactions.
EIGOLL&LTBEO&LN#L¶LLH43LLGEEL.;ZTVOTVLTBETMRK\LL-3LKELT
Merchant Acquiring Business: Merchant Acquiring Business
$LL¶LLULMET" through installation of Point of Sale (PoS)/GPRS Terminals and
&LQT7 WGÉLY[HL EKLT$LLK G$L¹I ETBÇ *LIWLT M
!UI*LIWLK M Integration of Internet Payment Gateway (Debit/Credit Cards)
7&LVZ EI -'LL*LVL WL4K CB7KVT7 *LT&LTB7 YT7PT .TG$L7!¹TG.7 EL.;
launched in February 2010 completed 5 years. The Bank
ET EIEKLET&LLÉ¶L&LMT*L2KPKI&LTLR)LLKB)LGE Y &LQT7 installed 12,067 PoS terminals and integrated 157 Internet
WGÉLY[HLEKLT$LLKVT MLZ*LXKT EKGZ H4"$L4BEVT Payment Gateways upto 31.03.2015.
3LE>G$L¹IETBÇ7&LVZLTB EI-'LL*LVLEI PB CB7KVT7 RuPay Card: The Bank took up membership of National
*LT&LTB7YT7PTEL EIEKLGE¶LL" Payment Corporation of India (NPCI) for acceptance of RuPay
*LTEL.;$L4BEVT*LI V$LIG$L¹IET6Ç7&LVZLTB*LK*LT.TG$L7EL.; Debit card on PNB Point of Sale terminals. In addition to
EI -PI²G3L ET GZ )LLK3LI¶L KLrI¶L )LRY3LLV GVY&L V*LIMIWLC;
acceptance of cards having logo VISA or MasterCard /
EI MO-¶L3LL ZI H4" PIUL ¶LL &LL-7KEL.;!&LT-7LT ZLTYLT PLZT EL.LT Maestro, PNB POS terminals accept RuPay Debit card for all
face to face transactions.
ELT -PI²3L EKVT ET WG3LGK%S *LI V$LI G$L¹I ETBÇ 7&LVZ M&L-3L
J2TM7XJ2TMZTVOTVLTBETGZ *LT.TG$L7EL.;-PIELKEK3LTH4B" KAIRON Project of Punjab Govt. for Grain Procurement:
WVLU<LKIOETGZ *LBUL$LMKELKEIE4KLTV*LGK¶LLTUVL*LBUL$L PUNGRAIN, a food grains procurement agency of Punjab
Government has launched Kisan Arhtiyas Information &
MKELKEIWVLU<LKIOEI E UTBMI*LVY[TVVTGEMLVWLG3L¶LL
Remittance Online Network (KAIRON) project whereby
MXQVL PB ÈTLLWL8VZLCVVT7PE; E4KLTV
*LGK¶LLTUVLEILRWL3L
they are making payments to the farmers through Arhtiyas
EI H4 UHLB PT )LLK3LI¶L KLrI¶L )LRY3LLV GVY&L VJIMIWLC;
EI using RuPay Debit cards with the help of National Payment
MHL¶L3LLMT *LT .TG$L7EL.; ELN*L¶LLTYEKWLG3L¶LLTB ET &LLÉ¶L&LMT Corporation of India (NPCI).
GEMLVLTBELT)LRY3LLVEKKHTH4B"
The Bank was actively participating in the project and brought
$L4BEMG¹¶L*LMT*LGK¶LLTUVL&LTB)LLYZTKHL'LL PBGPºLI¶LPL; a business of ` 4038 crore as Acquiring bank and ` 1997 crore
ETOL4KLVÈL*3LE3LL;$L4BEET*L&LTBÈKLT. PBULKIE3LL;$L4BE as Issuing bank during FY’15.
ET*L&LTB ÈKLT.ELELKLT$LLKGE¶LLYL"
HSAMB Grain procurement project of Haryana Govt: NPCI
HGK¶LLLLKL5¶LETWLG3L¶LLTBETGZ Q M &L$LIWVLU<LKIO and RBI were persuading to other states to follow this policy
*LGK¶LLTUVL V*LIMIWLC;WL4K)LLK3LI¶LGKUP;$L4BEWLG3L¶LLTB/GEMLVLTBMT for procurement of food grains from Arhtiyas/Farmers and
WVLUEI<LKIOETGZ W6¶LKL5¶LLTBELTCM*LL8GZMIET*LLZVET this scheme is likely to be started in Haryana also, where the
GZ KLUIEKKHTH4B PBCM¶LLTUVLEIHGK¶LLLL&LTB)LILRHLTVTEI Bank already signed an agreement, and being one of the main
MB)LLPVLH4UHLB$L4BEVT*LHZTMTHIM&LL43LT*LKH-3LL\LKEKGO¶LLH4 players in Punjab, the Bank stands to gain.
PB*LBUL$L&LTBÈ&LR<L$L4BEHLTVTETELKLZL)LEIMB)LLPVLH4"
13. Government Business
MKELKIELKLT$LLK With a view to mitigate and minimize the problems faced
MTPLGVPAºLZLTYLTB ^LKLML&LVLEIULKHIM&L-¶LLWLTB ELT E&LEKVT PB by retirees and to ensure timely settlement and payment of
LL<LLWLTB &LTB 7&LVZOT¶LKLGLELM&L¶L*LKGV*L7LVWL4K)LRY3LLVMRGVG1L3L the terminal dues subsequently at the branches, the Bank
undertook the process of shifting from manual submission &
EKVTEIGOLL&LT>B $L4E B VT&L46¶LRWZU&LLWL4K)LRY3LLVMTWL8VZLCVU&LL
payment to online submission & payment. All proposals for
WL4K)LRY3LLVET-'LLVLB3LKLEIÈG¹¶LLÈLK&)LEIH4"WL8VZLC;VGV*L7LV settlement online and payment is made online on the day after
56
okf"kZd fjiksVZ
HT3LRM&L-3LÈ-3LLP PB)LRY3LLV>M&L-3LMTPLGVPAºLZLTYLTB EIMTPLGVPAGºLET the superannuation to all the retirees. The Bank undertook
$LLONMIGOVWL8VZLCVEKGO Y "$L4E B VT*LTB LVGV*L7LV&LTB O\L3LL many initiatives towards bringing efficiency in the pension
disposals. Some of which are enumerated below:
ZLVTEIGOLL&LTB EC;*LHZEIH4"B GUV&LTB MTER/GV&VH4B
E
G.GU7ZUIPVÈ&LLL*LLLRGE¶LLY¶LL>GUMMT *LTBLVKLTB ELT a. Introduced Digital Life Certificate, thereby Pensioners need
not visit Branches in November every year.
HKMLZVPB$LK&LTBLL<LLWLTB&LTBWLVTEIWLP¶LE3LLVHIBH4"
b. The Bank also worked in co-ordination with Ministries to
<L
$L4BEVT C;*LI*LIWLT *LTBLV)LRY3LLVWLOTL
ET ÈL¶LLTGYEKV&LTB be in pilot run of e-PPOs (Pension Payment Orders).
KHVTETGZ &LBLLZ¶LLTBETML'LM&L6P¶LFTBT)LIEL&LGE¶LL" c. The Bank was sending SMS reminders to pensioners to
E
$L4BE VT UIPV È&LLL *LL È-3LR3L EKVT ET GZ *LTBLVKLTB ELT submit life certificate.
M &L MGK&LLC6.K)LTUL" d. The Bank was taking lead in developing life certificate
L
$L4BEUIPVÈ&LLL*LL¶LLTUVLWLTBETGPELM&LTBWY[LIKHL" schemes.
.
$L4BE VT &LHIVT ET &LÉ¶L FTB *LTBLVKLTB ELT &LHBYLC; )LºLT WL4K W6¶L e. The Bank was taking up multiple pension processing to
pay DA and other revised arrears to pensioners in middle
MBLLTGÉL3L$LEL¶LLET)LRY3LLVEKVTETGZ EC;*LTBLVÈG¹¶LLWLTB of the month.
ELTW*LVL¶LL"
f. Further, the Bank also consolidated and re-structured
Q
CMETWG3LGK%S>$L4BEVTETBO[I*LTBLVÈMB-EKLET6ÇLTB MIMI*LIMI
Central Pension Processing Centres (CPPCs) in such a
ELM&LTEV PB*LRVY;#VCMÈELKGE¶LLGEÈ3¶LTEMIMI*LIMI way that each CPPC caters to a particular Ministry or two
GPLTL&LBLLZ¶L¶LLOLT&LBLLZ¶LELTMTPLOTSLH43LLGE*LTBLVKLTBWL4K so as to bring professionalism and synergy in operations
MB$LBGÉL3L &LBLLZ¶LLTB OLTVLTB ET GZ MRGPÉLL ET ML'L JGKQLZV &LTB with convenience to both pensioners and the Ministries
concerned.
0¶LLPMLG¶LE3LLWL4K3LLZ&LTZZL¶LLULMET"
Further, the Bank is one of accredited Bankers for on-line and
CMETWZLPL>$L4BEMKELKEIMTPLWLTBETGZ WL8VZLCVWL4K off-line e-Biz collection for 14 services of Government. All
WL8*L2ZLCVC;G$LuLMBY[HHT3LR&LL6¶L3LLÈL*3L$L4BELTB&LTBMT EH4"M)LI branches are authorized to collect fee from customers off-line.
LL<LL BY[LHELTBMTWL8J2ZLCVLR:EJ[L*SEKVTETGZ WGÉL²3LH4B" The customer can also pay on-line e-Biz fee using the Internet
Y[LHE)LICB7KVT7$L4BEYMTPLEIMRGPÉLLELN*L¶LLTYEKWL8VZLCV Banking Services Facility.
C;G$LuLLR:EEL)LRY3LLVEKME3LTH4B" The Bank also launched Government’s Sukanya Samriddhi
$L4E
B VTVLG&L3L*LI*LI *L2LL<LLWLTB ET&LLÉ¶L&LMTMKELKEIMRE6¶LLM&LAG Deposit Scheme through designated PPF Branches. Besides,
U&LL¶LLTUVLEL)LILR)LLKB)LGE¶LL"CMETWZLPL>GEMLVGPELM*LL Kisan Vikas Patra was also under customization for
commencing business.
)LIELKLT$LLKWLKB)LEKVTETGZ E-7&LLCUTLVETWÉLIVH4"
*LI*LI *L2MO-¶L3LLETMBY[HLETGZ GPºLI¶LPL;ETOL4KLV For collection of PPF subscription, 961 more branches were
authorized during FY'15 taking total authorization of PPF
WL4KLL<LL ÈLGÉL²3LEIYC;BGUMMTERZJ[GÉLEAS*LI*LI J2LL<LLWLTB branches to 1604 from 643.
EIMB<LMTHLTYC;"
PPF Campaign was launched from 01.01.2015 to 31.03.2015
*LI*LI *L2 ELKLT$LLK &LTB PAG WL4K MG¹SL ZLVT ET GZ *LI*LI ¾2 to augment and create vibrancy for PPF business. 45,130 new
WG)L¶LLVELLR)LLKB)LMT3LEGE¶LLY¶LL'LL" PPF accounts were opened during the Campaign period as
MTETOL4KLVWL¶LLTGU3LG*L/ZTWG)L¶LLVEI compared to 26,768 PPF accounts during the last campaign
WPGÉL&LTB<LLTZTY >*LI*LI ¾2<LL3LLTBEI3LRZVL&LTBCM$LLKET period held during 01.01.2014 to 31.03.2014.
*LI*LI J2WG)L¶LLV&LTB>V *LI*LI ¾2<LL3LT<LLTZTY " For collection of Direct taxes, 476 more branches were
È3¶L\LEKLTB ETMBYH[ ETGZ >PL;ETOL4KLVWL4KLL<LL BÈLGÉL²3LEI authorized during the year taking the total authorization of
YC;B GUMMTÈLGÉL²3LJ[3\LEKLL<LLWLTB EIERZMB<LHLTYC;" Direct Tax branches to 1138.
MLP;UGVEGPºLI¶LÈ$LBÉLVÈLLZIEL-PQLZVWY-3L&LTBGE¶LL Automation of Public Financial Management System got

Y¶LL"CMMT ZL)LL'L¶LLTB ET <LL3LT &LTB ET6ÇWL4KKL5¶LEIÈ3¶L\LZL)L done in August, 2014. It facilitated disbursement of Central
and State Direct Benefit Subsidy instantly to beneficiaries’
MG$M.IETLI L[GP3LKL&LTBMHL¶L3LLHRC;"
accounts.
LL<LLWLTB&LTBKL3L&LTBK<LIVEOIEIGVYKLVIO\L3LLZLVTETGZ 3L'LL
Monitoring of overnight holding of cash kept at branches to bring
:ELT ^LKL GVÉLL;GK3L MI&LL ET )LI3LK WGÉLLTL DVL K<LVT ET GZ
efficiency and contained balance within limit fixed by ALCO.
EIULSIH4"
Approval was obtained from the Executive Committee for
EL¶L;ELKI MG&LG3L MT N*L¶LR%S \L&L3LL EL &LTYL EKTBMI QT-7!VEOI setting up Mega Currency Chest/Cash Processing Centre of
MBMLÉLV ET6Ç WL4K *L4V CBG.¶LL WLÉLLK *LK &LMIMI!MI*LIMI -'LL*LVL appropriate capacity and to identify potential for establishment
HT3LRMB)LLPVLEI*LHQLVEKVTETGZ WVR&LLTOVÈL*3LHRWL"CMMT of MCC/CPC on PAN India Basis. This would facilitate the
GV¶LL&LELTBETGVOT;LLTBETWVR*L EERLZ3LKIETMTEKTBMIQT-7EL¶LLT Bank to manage currency chest operations in an efficient
ELÈ$L6ÉLVEKVTETGZ $L4BEELTMRGPÉLLHLTYI" manner in line with the Regulators’ directives.
GPºLI¶LPL;ETGZ MKELKIELKLT$LLKWL¶LÈKLT.KHI" Govt. Business Income for FY’15 stood at ` 84.92 crore.
57
ELTLMBQLZV 14. Treasury Operations
M&LI\LLÉLIV WPGÉL ET OL4KLV> &LLQ; ELT MEZ GVPTL During the period under review, Gross Investment as on 31st
`>>EKLT.KHLWL4KCM&LTB%EIPL;OKPL;PAGOU; March 2015 stood at ` 1,49,266 crore and registered a YoY
growth of 6.26%. The average investments upto 31st March
EIYC;"&LLQ; SEWL4M3LGVPTL>G*L/ZT PL; CMIWPGÉL
2015 was ` 1,41,340 crore as against ` 1,37,382 crore in
ET`>>EKLT.EI3LRZVL&LTB`>>EKLT.KHL"&LLQ;
corresponding period last year. The Interest income from
ELT GVPTL *LLT7;*L2LTGZ¶LLT MT $¶LLU WL¶L GPºLI¶L PL; ET investment portfolio as on 31st March 2015 increased to
`>EKLT.MT$LEK`>EKLT.HLTYC;" ` 10,563 crore as against ` 10,231 crore for FY’14.
$L4E
B VT *LXKT GPºLI¶L PL; ET OL4KLV MG¹¶L *L MT MKELKI $LL8.B LT> Y4K The Bank actively traded in sovereign bonds, Non-SLR bonds
M ZWLK$LL8.B LT PBCG%P7IELELKLT$LLKGE¶LL"GPºLI¶LPL;&LTB and equity throughout the financial year. The liquidity position
$L4E
B EI3LKZ3LLEIG-'LG3LWL&L3LL4K*LK#IEKHI3L'LLMB*LLPEI²3L of the Bank was generally comfortable throughout FY’15 and
NÉLLKZTVOTVMB$LBÉLIOLG¶L3P MI$LI ZWLT
>KT*LLT PBGPOTLI&LRÇL$LLULK the funds of the Bank were managed through Collateralized
-P4*LET &LLÉ¶L&LMT $L4E B EIGVGÉL¶LLTB ELÈ$L6ÉLVGE¶LLY¶LL"GV¶LL&LE Borrowing and Lending Obligation (CBLO), Repo and Forex
^LKL GVÉLL;GK3L WLKG\L3L VEOI GVGÉL WVR*LL3L MIWLKWLK
!MLBGPGÉLE market swaps. The Bank complied with all the requirements
QZGVGÉL WVR*LL3L M ZWLK
EI M&L-3L WLP¶LE3LLWLTB EL $L4E B of Cash Reserve Ratio (CRR)/Statutory Liquidity Ratio (SLR)
stipulated by the Regulator.
^LKLWVR*LLZVGE¶LLY¶LL"
GV¶L3L WL¶L MLBGPGÉLE QZGVGÉL WVR*LL3L M ZWLK
! Fixed Income (Statutory Liquidity Ratio (SLR)/Non SLR):
Y4K M ZWLK
GPºLI¶L PL; ET OL4KLV> OKLTB EL $LLULK> N1Q During FY’15, the rate market started with a negative
note after the regulator’s caution over high inflation and
&LRÇL-*L2IG3L*LKGV¶LL&LEEIQT3LLPVIWL4KG*L/ZIER/&LL4GÇEVIG3L¶LLTB
its hawkish tone in first few monetary policies. However,
&LTBW*LVT3LTU3LKL;K-PKET$LLO EVELKL3&LEVLT7ETML'LLRHRWL" during second half, the yields softened and the market
¶L]G*LOXMKI/&LLHIETOL4KLV>ET6Ç&LTB-'LL¶LIMKELKETY#V>GPOTLI gained momentum due to various factors like formation
GVPTLELTB MT $L3LL ÈPLH> W&LTGKEI ELTL ÈLG*3L¶LLTB &LTB GYKLP7> E1QT of stable government at centre, increased flows from
3LTZEIEI&L3LLTB &LTB GYKLP7>G-'LK LKTZX &LRÇL>)LLK3LI¶LGKuLP; $L4BEEI overseas investors, declining US treasury yields, falling
MRGPÉLLET -3LKET )LI3LK L7SI<LROKL&LRÇL-*L2IG3L>KLUELTLI¶LM&LTEV crude prices, stable domestic currency, retail inflation on
EIGOLL&LTBMKELKEIMSSÈG3L$L3LL3L'LLWLK$LIWLC;^LKLCMEZ4 lower trajectory within RBI’s comfort level, government’s
.KPL;EI*LHZIG3L&LLHI&LTB&LL4GÇEVK&LIQ¹ELLRGE¶LLULVL> continued commitment towards fiscal consolidation and
U$LWLK$LIWLC;VTKT*LLTOK% MT L7LEK% EIGUMETELKL start of monetary easing cycle by RBI in first quarter of
calendar year 2015 when RBI reduced repo rate from 8.00%
PLI;¶L$LTBQ&LLE;ÈG3L)LXG3L% MT% 3LEWLYC;ULTCM$LIQ
to 7.50% due to which the yield on 10 year benchmark
% )LIKHI>U4MTGPG)L£ELKELTBEIPUHMTÈLG*3L¶LLBVKFHRC; WL4K security came down from 8.94% to 7.75% in between
$LLULKVTK¾3LLK*LE.ZI"GPºLI¶LPL;ETOL4KLV>GV¶L3LWL¶LPY; touching a low of 7.64%. During FY’15, the Bank’s profit
&LTBGVPTLEIG$L¹IMT$L4BEETZL)L&LTBGPºLI¶LPL;EI3LRZVL from sale of investments in fixed income category showed
&LTB% WGÉLEEIPAGOT<LIYC;" a growth of 61% over FY’14.
CG%P7IGPºLI¶LPL;ETOL4KLV>&LC;&LTBWL¶LLTGU3LWL&L Equity: During FY’15, Market rallied around 25% on the
QRVLP&LTB EG-'LKET6ÇI¶LMKELKET Y#VEIN&&LIOLTB *LK$LLULK expectations of formation of a stable Central Govt in the
%ETWLM*LLMZL&L$LBOHLTY "MKELKETY#VET$LLOET6ÇI¶L general elections held in May’14. The euphoria continued on
$LU7MT)LLKIN&&LIOLTBETML'LMRÉLLKEIWLLL&LTBN3MLHULKI reform hope after the Govt formation with high expectations
KHL"CMETWG3LGK%S>M&LGrWL'LE&LL*LOB.LTB>U4MTG-'LKGPGV&L¶LOK built on the Union Budget 2015. Further, improvement in
WL4KQLZX<LL3LTET LL7T&LTBMRÉLLKVT *L2WLC;WLC;WB3LPL;HELT$LLL" macroeconomic parameters like stable exchange rate and
K4ZIELT)LRVLVTETGZ <LROKLY[LHELTBET&¶LXQRWZ*L2B.&LLY;*LKQZVT current account deficit buoyed FII inflows. The Mutual Fund
market also remained buoyant with retail customers taking the
ETML'L&¶LXQRWZ*L2B.$LLULK)LIN/LZJK$LVTKHT"
Mutual Fund route to encash the rally.
GPºLI¶LPL;ETOL4KLV>$L4BEVTWL¹L&LE3LKIETMTCG%P7I$LLULK
During FY’15, the Bank aggressively participated in equity
&LTB )LLYGZ¶LLWL4KCM<LB.&LTB GPºLI¶LPL; MT WGÉLE
market and earned a growth of 137% in Profit over FY’14 in
ZL)L&LTB PAGWU3LEI"CMET WG3LGK%SZL)LLBLWL¶LEIYLVL this segment. Further, on reckoning the dividend income, the
*LK>CM<LB.&LTBZL)L&LTBPAGHLTYC;'LI"GPºLI¶LPL;ET growth in profit came to 99% in this segment. During FY’15,
OL4KLV$L4BEVT&¶LXQRWZ*L2B.LTBMTHLTVTPLZIWL¶LETZL)L&LTBET the Bank earned growth in profit of 75% in income from
ZL)LEIPAGWU3LEI" Mutual funds.
GPOTLI&LRÇLGPºLI¶LPL;ETOL4KLV>¶LX M.IWLC; VWLKGPOTLI&LRÇL Forex: During FY’15, USDINR foreign exchange market was
$LLULKMIGFSKHLGUMMTGPGVFOKW*LT\LL²3LG-'LKKHIB"GPOTLI&LRÇL range bound keeping the exchange rate relatively stable. In
ZL)LE&LLVT ET MIG&L3LOL¶LKT ET $LLPUXO>$L4E B VT GPºLI¶LPL; EI spite of limited scope for earning Forex profit, the Bank earned
3LRZVL&LTB GPOTLI&LRÇLWL¶L&LTB %EIPAGWU3LEI" growth in Forex income by 25% compared to FY’14.
58
okf"kZd fjiksVZ
WLB3LGKEGV¶LBLLÈLLZI 15. Internal Control System
LZT<LL*LKI\LL3L'LLM&LI\LL a. Credit Audit and Review

ET GZ LZT<LL*LKI\LLE&LULTKWL4KWGÉLY[HL<LL3LLTB Credit Audit for FY'15 was undertaken for all eligible loan
MGH3LM)LI*LLLL<LL3LLTB ET GZ EIYC;"GPºLI¶LPL; ET accounts including weak and takeover accounts. During
FY’15, Credit Audit of overseas loan accounts in PNB DIFC,
OL4KLV> *LI V$LI .IWLC; *L2MI> OR$LC; WL4K WLTPKMIU D4BGEBY XGV7>
Dubai and Overseas Banking Unit, SEEPZ, Mumbai were also
GM*uL> &LRB$LC; ET GPOTLI L <LL3LLTB EI ¹TG.7 ZT<LL *LKI\LL )LI
got conducted. In terms of the said Policy, Credit Audit of
WL¶LLTGU3LEIYC;"N%SVIG3LETMBO)L;&LTB>ÈKLT.ETULTG<L&L borrowal accounts having exposure of ` 2,34,348 crore was
PLZTNÉLLK<LL3LTEILZT<LL*LKI\LLEIYC;WL4K EPL;&LTBE&L undertaken covering 55.22% of loan portfolio of the Bank as
MTE&L%MT%EIWLK$LIWLC;EIWLP¶LE3LLETGZ on 31.03.2015 as against the RBI’s requirement of atleast 30%
ELT$L4BEETZLTV*LLT7;*L2LTGZ¶LLTEL%EPKGE¶LLY¶LL" to 40% in a year.
$L4BEEIEL¶L;ELKIMG&LG3LVT MRÉLLKWL4KW*LVT ÈL'LG&LENÎT¶LEI In order to revamp and reorient the Credit Audit process back
WLTKPL*LMIFTB¹TG.7ZT<LL*LKI\LLEIÈG¹¶LLELTVC;GOLLET¹&L&LTB towards its primary purpose, Executive Committee of the
GV¶LG&L3L!M&LP3LI;WL4K¹TG.7ZT<LL*LKI\LL&LTBG7**LGL¶LLTBETWG3L0¶LL*LI Bank approved changes in the format of Executive Summary
ÈPAGºL*LKEL$LX *LLVT ET GZ EL.; ZT<LL*LKI\LLGK*LLT7LT ET DLT.; EI of CARD audit reports to overcome the overlapping nature of
EL¶L;ELKIMGFGSVTMLKLBLETÈL*L&LTB*LGKP3L;VELT&LBUXKIOTOI" observations in regular/concurrent and credit audit.
CV*LGKP3L;VLTBELTLM&LI\LLÈLLZIETGV&VGZG<L3LNÎT¶LELTÉ¶LLV These changes were brought into force w.e.f. 01.10.2014,
&LTBK<L3LTHR MTÈ)LLP&LTBZL¶LLY¶LLH4 keeping in view the following objectives of the loan review
i. ¹TG.7&LBUXKIEIÈG¹¶LLWL4K*LLT-7&LBUXKIWVR*LLZVMGH3L¹TG.7 mechanism:
ÈLLMVEIÈ)LLPLIZ3LLET $LLKT &LTB LIL; È$L6ÉLVELT ULVELKI i. To provide top management with information on the
ÈOLVEKVL" effectiveness of credit administration including credit
ii. ¹TG.7 Y[T.Y!ULTG<L&L EI &LX:¶LLBEV ÈG¹¶LL EI W<L.3LL ELT sanction process and post sanction compliance.
$LVL K<LVL" ii. To maintain the integrity of the Credit Grading/Risk
iii. 3PGK3L LLTB EI *LHQLV EKVL GUVMT ¹TG.7 E&LULTGK¶LLTB EL evaluating process.
GPELM HLT3LL H4 3LLGE LL<LLWLTB!&LB.Z EL¶LL;Z¶LLTB &LTB *L2I:. iii. To identify promptly loans which develop credit
EL¶L;ELKI PB-PI²G3LÈLGÉLELKIM&L¶L*LKMRÉLLKL3&LEEO&LN#L weaknesses so that field functionaries at branches/
METB" Circle Offices & sanctioning authority may initiate timely
corrective steps.
vi. *LLT7;J2LTGZ¶LLT EI YRLPºLL EL &LX:¶LLBEV EKVL WL4K MB)LLGP3L
iv. To evaluate portfolio quality and isolate potential problem
M&L-¶LL\LTLLTBELTWZYEKVL"
areas.
v. LEIVIG3L¶LLTBWL4KÈG¹¶LLWLTBEI*L¶LL;*3L3LLWL4KWVRJLZVEL
v. To assess the adequacy of and adherence to loan policies
WLBEZV3L'LLÈLMBGYEELVXV PBGV¶L&LLTBET*LLZVEIGVYKLVI and procedures and monitor compliance of relevant laws
EKVL" and regulations.
$LI WLB3LGKEZT<LL*LKI\LL b. Internal Audit
GVKI\LL PBZT<LL*LKI\LLELNÎT¶L¶LHMRGVG1L3LEKVLH4GE$L4BE The objective of the Inspection & Audit is to ensure that the
ELELKLT$LLK$L4BEETGVOTLE&LB.Z^LKL-'LLG*L3LVIG3L¶LLTBWL4KKLVIG3L¶LLTB business of the Bank is conducted in a prudent manner in
ETWVRMLK EGPPTE*LXL;3LKIETMTWL¶LLTGU3LGE¶LLUL3LLH4"È$L6ÉLV accordance with the policies and strategies established by
ELKLT$LLK ET ML'L UR.T ULTG<L&L EI *LHQLV> &LX:¶LLBEV> È$L6ÉL WL4K the Bank’s Board of Directors. The management is able to
GV¶LBLLEKVT&LTBM\L&LH4"¶LTGV¶LBLL EÈ)LLPIZT<LL*LKI\LLEL¶L;MT identify, assess, manage and control the risks associated with
*LXKEHLTVTQLGH ULTGEMBY#VET)LI3LKGV¶LBLLÈLLZIEI*L¶LL;*3L3LL> the business. These controls supplemented by an effective
*LXL;3LL>*LGKQLZVÈ)LLPLIZ3LLWL4KO\L3LLEL&LX:¶LLBEVEK3LLH4>ULT audit function, independently evaluate the adequacy,
3LTUIMT$LOZ3LT$L4BEY*LGKOA¶L&LTBEL*L2I&LH3P*LXL;HLTY¶LLH4" completeness, operational effectiveness and efficiency of the
control system within the organization, which has become
GVÉLL;GK3L ÈLLGZ¶LLTB WL4K ÈG¹¶LLWLTB EL WVR*LLZV V ETPZ $L4BE ET quite crucial in the fast changing banking scenario.
MRQLMBQLZV&LTB&LOOEK3LLH4>$LG:E¶LHZ\¶LLTBELTÈL*3LEKVTET
GZ EULTG<L&L&LR%SPL3LLPKL)LIÈOLVEK3LLH4"GVKI\LLWL4K Compliance of laid down systems and procedures not only
helps in smooth functioning of the Bank but also provides a
ZT<LL*LKI\LLÈ)LLY&LX:¶LLBEVWL4KMRGVG1L3LEK3LLH4 GEGV¶LL&LE!
risk free environment to achieve the objectives. Inspection
$LLT.;! MI$LIET GVOT;LLTB!G7**LGL¶LLTB ET WLÉLLK*LKMB-'LL^LKL3L4¶LLKEI
and Audit Division assesses and ensures that systems and
YC;ÈLLGZ¶LLTBWL4KÈG¹¶LLWLTBEL*LLZVHLTSLH4" procedures framed by the institution on the basis of directions/
N%S NÎT¶LLTB ELT ÈL*3L EKVT ET GZ > WL8G.7 ET GPG)L£ ÈELK U4MT observations made by the Regulator/Board/ACB and developed
ULTG<L&L WLÉLLGK3L WLB3LGKE ZT<LL *LKI\LL WL8VMLC7 WL4K WL8*L2MLC7
> over a period of time were complied with.
59
KLU-PZT<LL*LKI\LL>MXQVLÈLLZI WLC; M
ZT<LL*LKI\LL>¹TG.7ZT<LL To achieve the above objectives, various type of Audits were
*LKI\LL> -V4*L ZT<LL *LKI\LL> <LB. ZT<LL *LKI\LL> WVR*LLZV ZT<LL *LKI\LL> conducted viz. Risk Based Internal Audit (Onsite and Offsite),
ELVXVIZT<LL*LKI\LLWL4K*L2T&LLZT<LL*LKI\LLELWL¶LLTUVGE¶LLUL3LLH4" Revenue Audit, Information System (IS) Audit, Credit Audit,
Snap Audit, Segment Audit, Compliance Audit, Legal Audit
CMET WG3LGK%S> WLC; .I!U4. WLT &LTB -'LLG*L3L WL8*L2MLC7 GVYKLVI and FEMA audit.
MTZ^LKL PB &LB.ZEL¶LL;Z¶LLTB ET &LLÉ¶L&LMT WL8VMLC7ZT<LL*LKI\LL>
WL8*L2MLC7 GVYKLVI EI YC;" WL8*L2MLC7 ZT<LL *LKI\LL GP-3LA3L ZT<LL Besides, onsite audit, offsite monitoring was done through
*LKI\LL &LOLTB WL4K GPG)L£ 0¶LL*LLK WL4K GV¶LBLL ULTG<L&L &LLVOB.LTB &LTB Offsite surveillance Cell set up at IAD / ZAOs & also
through Circle Offices. Off-site Audit was also carried out
ULTG<L&LGOLLWL4K!W'LPLULTG<L&LET-3LK&LTB*LGKP3L;VETWLBEZVHT3LR
in Non concurrent Audit branches covering comprehensive
LL<LLWLTB &LTB W*LVT WVR*LLZV-3LKELT EPKEKVT PLZIY4KM&LP3LI; audit items and their compliance level at the branches for
ZT<LL *LKI\LL LL<LLWLTB &LTB EL¶LL;G6P3L GE¶LL Y¶LL 'LL" 3LOVRMLK> ZT<LL assessment of change in risk direction and/or risk level in
*LKI\LL¶LLTUVLZLYXEIYC;" various Business & Control Risk Parameters. Accordingly,
GPºLI¶LPL;ETOL4KLV>M&LP3LI;ZT<LL*LKI\LLLL<LLWLTBEIMB<¶LL audit plan was implemented.
MT $LEKHLT YC; WL4KNVEIGK*LLT7T C;WLK$LIWLC; ET During FY’15, number of concurrent audit branches increased
&LLÉ¶L&L MT WL8VZLCV ÈLTMTM EI YC;B" ELT M&LP3LI; from 940 to 1124 and their reports were processed on line
ZT<LL*LKI\LLLL<LLWLTB VT U&LLKLGL¶LLTB EL%>WGY[&LLTB EL% through e-RBIA. As on 31.12.2014, the concurrent Audit
3L'LL ERZ ELKLT$LLK EL % EPK GE¶LL ULTGE WLK$LIWLC; ET branches cover 71% of Deposits, 74.44% of Advances and
GOLLGVOT;LLTBETWVR*L'LL" 72.47% of Total Business, which was in line with the RBI
*LHZTMTHI$L4BE&LTBC;WLK$LIWLC; &LTBY4KGPLTLLL<LL B *LI V$LI
> guidelines.
ZMI$LI! &LMI$LI> WLC;$LI$LI! .I LL<LL B> <LROKL WLG-3L LL<LL Templates already implemented in the Bank in e-RBIA
WLK $LI
>WLG-3LPMXZIÈ$L6ÉLVLL<LL WLK &L$LI
> &LWLC;MIWLK for Non specialized Branches, LCB/MCB, IBB/AD
MTB7K> $L4E WLG*L2M WLKMIMI PB MI.I*LIMI
ET GZ 7T&*LZT7_M Branches, Retail Asset Branch (RAB), Assts Recovery
ZLYX H4B"0¶LL*LLKGPºLHT3LR MTB7ZLC5.$L4EWLG*L2M*L2L8K7T.*L2LCVTBM Management Branch (ARMB), MICR Centre, Back Offices
MI$LIWLT7I *L2
PB WB3LKL;rI¶L MTPL LL<LL B WLC; M$LI
ET GZ (RCC & CDPC). Format for Centralized Back Office for
ÈL*LC;WLK$LIWLC; &LTBWL8VZLCVZT<LL*LKI\LLETGZ WBG3L&L*L Trade Finance (CBOTF) & International Service Branches
(ISB) were finalized and implemented for online audit in
MTZLYXGE¶LLY¶LL"*L2T&LLZT<LL*LKI\LLLL<LLWLTBETGZ ZT<LL*LKI\LL
e-RBIA. Audit format for FEMA audit branches was being
ÈL*L&LTBMBLLTÉLVGE¶LLULKHL'LL"W6¶L7T&*LZT7_M&LTB)LI$L.T*L4&LLVT
revised. To cover FEMA stipulations extensively in other
*LK *L2T&LL L3LLT ELT EPK EKVT ET GZ > WLC;$LI$LI! .ILL<LLWLTB &LTB templates also, IBB/AD Branches template was revised.
7T&*LZT7MBLLTGÉL3LGE¶LLULKHLH4"O4GVE!&LLGME!G3L&LLHI!PLLE Daily/Monthly/Quarterly/Annual Revenue Audit was also
KLU-PZT<LL*LKI\LL)LIC;WLK$LIWLC; &LTB EPKEIYC;"WLC; .IVT covered in e-RBIA. IAD planned to formulate a strategy
M)LIKLU-PLR:ELTB>ÈLTMTMYLR:EWL4KO-3LLPTUIEKLLR:EWLGO> to bring all revenue charges to be system driven which
ULT LL<LLWLTB FTB W)LI)LI&L4VRWZU4MT HLTST 'LT>ELT J[LLZIMBQLGZS were still manual in the branches viz. Processing Fee &
DVLVTETGZ EKLVIG3L3L4¶LLKEKVTEI¶LLTUVL$LVLC;" Documentation charges, etc.
C;WLK$LIWLC; ETGZ WL*LOLGKEPKI .IWLK
MLC7$LTZL*LRK>&LRB$LC; Disaster Recovery (DR) Site for e- RBIA was set up at Belapur,
&LTB-'LLG*L3LGE¶LLY¶LL"ÈÉLLVEL¶LL;Z¶L>WLC; .I&LTBC;WLK$LIWLC; MP;K Mumbai. e-RBIA Server at HO, IAD was upgraded with a view
CMGPQLKETML'LO\L3LL$LLVTWL4KQKL$L3LKIETMTC;WLK$LIWLC; to increase its efficiency and to bring all branches of the Bank
ETOL¶LKT&LTB$L4BEEIM)LILL<LLWLTBELTZLVTHT3LR$LVL¶LLY¶LL'LL" under the ambit of e-RBIA in a phased manner.
MI W*LVT Y[LHE ELT ULGV ETPLC;MI

!ÉLV LLTÉLV GVPLKL c. Know Your Customer(KYC)/Anti Money Laundering (AML)
&L Z
The Bank strictly followed KYC and AML guidelines issued
$L4BEVTM<3LIMTM&L¶LM&L¶L*LKGVLFE^LKLULKIGE Y ETPLC;MI by the Regulator from time to time and only KYC compliant
customers were accepted by the Bank.
WL4K &L ZGOLLGVOT;LLTB EL*LLZVGE¶LLH4 3L'LLETPZETPLC;MI
ETWVR*LY[LHELTBELT$L4BE^LKL-PIELKGE¶LLY¶LL" Risk categorization of all the customers into three Money
WLK$LIWLC; ET GOLLGVOT; LLTB ET WVRMLKM)LIY[LHELTB ELMLPÉLLVIJXPE ; Laundering risks i.e., High, Medium and Low was followed
meticulously in terms of RBI guidelines. The Bank followed
N1Q>&LÉ¶L&LWL4KGV&VU4MT 3LIV&LVIZLB.YULTG<L&LLTB &LTB ULTG<L&LPYI;EKL
RBI guidelines in respect of Beneficial Owner meticulously.
GE¶LLY¶LL"$L4E B VT MLPÉLLVIMT ZL)LELKI&LLGZEET MBO)L; &LTB )LLK3LI¶L
The Bank installed software which enables watch list
GKuLP;$L4E
B ETGOLLGVOT; LLTB EL*LLZVGE¶LL"$L4E
B VT E TMLML8¾7PT¶LK scanning, verifies customer identity and facilitates generation
-'LLG*L3LGE¶LLULTPL8QGZ-7-E4VY>Y[LHELTB EI*LHQLVEI*LRGrWL4K of automated alerts for scrutiny of transactions of suspicious
MBGO9ÉLÈ²G3LETZTVOTVEIULBQETGZ -PQLGZ3LWZ7;UVKT7EKVT nature. The system-generated alerts were monitored on daily
EIMRGPÉLLÈOLVEK3LLH4"GM-7&LUGV3LWZ7; EIO4GVEWLÉLLK*LK basis and in case of suspicion, Suspicious Transaction Report
GVYKLVIEIYC;3L'LLMBOHT ET&LL&LZT&LTB MBGO9ÉLZTVOTVGK*LLT7; M7IWLK
(STR) was submitted to Financial Intelligence Unit-India (FIU-
GPºLI¶L<LRG*L2¶LLCELC;CBG.¶LL *L2WLC;¶LXWLC; V.I
ELTML4*B LIYC;" IND).
60
okf"kZd fjiksVZ
M)LIGVÉLL;GK3LGK*LLT7; U4MT VEZIVLT7GK*LLT7; MIMIWLK

>VEOZTVOTV All the prescribed reports such as Counterfeit Currency
GK*LLT7; MI7IWLK
>Y4KZL)LMBY#VGK*LLT7; V7IWLK
WL4K¹L8M$LL.;K Reports (CCRs), Cash Transaction Reports (CTRs), Non Profit
Organization Reports (NTRs) and Cross Border Wire Transfer
PL¶LK7LM B *L2KGK*LLT7; MI$LI.$:¶LX7IWLK
G*L2VVT7YT7PT ET &LLÉ¶L&LMT
Reports (CBWTRs) were submitted regularly to FIU-IND
*L2WLC;¶LXWLC; V.IELTGV¶LG&L3L*LMTÈ-3LR3LEIYC;"B through fin-NET Gateway.
*L2I:.-7L*L2ELTETPLC;MI! &L Z!MI *L27I&LRÎLTB*LKMBPTOVLIZ!GLG\L3L In order to sensitize/educate the field staff on KYC/AML/CFT
EKVT ET GZ \LTLI¶LÈGL\LLET6Ç UT.7IMI
WL4KET6ÇI¶L-7L*L2 issues, training was imparted through Zonal Training Centers
EL8ZTU MI MMI
^LKL ÈGL\LL GO¶LL Y¶LL 3L'LL ¶LXMIWLC;MI PB (ZTCs) and Central Staff College (CSC) and workshops on
ETPLC;MI! &L Z!MI *L27I WVR*LLZV *LK )LI M&L¶LM&L¶L *LK UCIC & KYC / AML / CFT compliance were also organized
EL¶L;LLZLWLTBELWL¶LLTUVGE¶LLYL" from time to time.
.I È$L6ÉLZT<LL*LKI\LL d. Management Audit

$L4BE&LTB È$L6ÉLZT<LL*LKI\LLEI E*LA'LEEL¶L; ET *L&LTB *LHQLV The Management Audit was identified as a separate function
EIYC;'LI3L'LLMT E-P3LBLÈ$L6ÉLVZT<LL*LKI\LL PB in the Bank and an independent Management Audit & Review
Division (MARD) is in operation since 08.07.2004. The Bank
M&LI\LLÈ)LLY &L WLK.I
*LGKQLGZ3LH4"$L4BEVT W*LVT ÈLLMGVE has in place a Risk Based Management Audit (RBMA) system
EL¶LL;Z¶LLTB EIZT<LL*LKI\LLET MBQLZVHT3LR ULTG<L&LWLÉLLGK3LÈ$L6ÉL for conducting audit of its administrative offices. For this
ZT<LL*LKI\LL WLK$LI &L
ÈLLZIEILRWL3LEI"CMÈ¶LLTUVET purpose, RBMA Policy was initially approved by the Board on
GZ > $LLT.; ^LKL ELT WLK$LI &L *LL8GZMI ELT ÈLKBG)LE 28.04.2006 and last annually reviewed on 02.02.2015.
WVR&LLTOVÈOLVGE¶LLY¶LL3L'LLG*L/ZIPLLEM&LI\LL The audit is based on Risk Templates and risk profiles prepared
ELTEIYC;" in-house to capture risk perceptions inherent in various areas
GVL;¶LZTVT EIÈG¹¶LL>MBQLKÈLLZI>MBMLÉLVLTB ET ERLZN*L¶LLTY> of functioning of administrative offices including decision
Z\¶LÈLG*3LET MLÉLVLTB MGH3LÈLLMGVEEL¶LL;Z¶LLTB ET EL&LELUET making process, communication system, efficient resource
utilization, means used to achieve the goals, etc. MARD
GPG)L£ \LTLLTB &LTB GVGH3L ULTG<L&L ÉLLKLLWLTB ELT E4*QK EKVT ET GZ regularly conducted snap audit of identified Circles/other
WLBSGKE J MT S4LK ULTG<L&L 7T&*LZT7_M WL4K ULTG<L&L ÈLT*L2LCZ ET administrative offices with potentially High risk perception to
WLÉLLK*LKZT<LL*LKI\LLEIUL3LIH4" &L WLK.INVET EL&LELU&LTB proactively spur them into taking steps for bringing in desired
PLBG/3LMRÉLLKZLVTHT3LREO&LN#LVTETGZ N6HTBÈLT3MLGH3LEKVTET improvement in their functioning.
GZ MB)LLGP3LN1QULTG<L&LÉLLKLLET*L&LTBGQGª3LGE Y &LB.ZLTB! MARD also conducts audit of the Bank’s outsourced Activities,
W6¶LÈLLMGVEEL¶LL;Z¶LLTBEIGV¶LG&L3L*LMT)LIWLEG-&LEZT<LL Verification of Loss Data, review of the Bank’s established
*LKI\LL)LIEKSLH4" policies, procedures, compliance of RMC/ORMC Directives,
&L WLK.I$L4E B EIWL¦7MLTMYYG3LGPGÉL¶LLTB EIZT<LL*LKI\LL>HLGV.T7LEL Division level Key Responsibilities Indicators, Review of
BCCP, Review of Risk Measurement System (RMD-Mid
M3¶LL*LV>WLK &LMI!WLTWLK &LMIGVOT; LLTB ELWVR*LLZV>G.GPuLV-3LK*LK&LH3P*LXL; Office) and Review & Validation of ICAAP (Internal Capital
OLG¶L3PLTB ET MBE3T LE> $LIMIMI*LI EI M&LI\LL> ULTG<L&L &LL*L ÈLLZI Adequacy Assessment Process).
WLK &L.I&LÉ¶LEL¶LL;Z¶L
EIM&LI\LL3L'LLWLC;MI *LI WLB3LGKE*LXU B I
During FY’15, based on approved Annual Audit Plan, MARD
*L¶LL;*3L3LL&LX:¶LLBEVÈG¹¶LL
EIM&LI\LL PBM3¶LL*LVEIZT<LL*LKI\LL)LIEK3LLH4" conducted management audit of 69 Circle Offices, 13
GPºLI¶LPL;ETOL4KLV>WVR&LLTGO3LPLLEZT<LL*LKI\LLLTUVLETWLÉLLK Field General Managers’ Offices, 13 Zonal Audit Offices, 6
*LK &L WLK.IVTN%SMXQI&LTB GO Y W6¶LEL¶LLT ETWZLPL&LB.Z Training Establishments, 5 Regional Rural Banks, 3 Domestic
EL¶LL;Z¶LLT>B *L2I:.&LHLÈ$L6ÉLEEL¶LL;Z¶LLT>B WLBQGZEZT<LL*LKI\LL Subsidiaries and 3 Overseas Subsidiaries besides audit of
other activities listed above.
EL¶LL;Z¶LLT>B ÈGL\LL-'LL*LVLT>B \LTLI¶LY[L&LIL$L4E
B LTB WL4K LKTZX WVRLBGY¶LLTB
3L'LLGPOTLIWVRLBGY¶LLTB EI)LIZT<LL*LKI\LLEI" e. Compliance
C; WVR*LLZV The Board appointed a Chief Compliance Officer in the rank of
a General Manager. In pursuance to the Compliance Policy of
$LLT.; VT &LHLÈ$L6ÉLE-3LKET E&LR<¶LWVR*LLZVWGÉLELKIEIGV¶LRG%S the Bank, Divisional Compliance Officers, Circle Compliance
EIH4"$L4E B EIWVR*LLZVVIG3LET WVRMKL&LT>B È3¶LTEÈGL\LLET6ÇLT>B Officers, Branch Compliance Officers, Compliance Officers at
WLBQGZE ÈGL\LL ET6ÇLT>B GPOTLI LL<LLWLT>B WVRLBYILTB WLGO FTB È)LLYI¶L each training centers, ZAO’s, Foreign Branches, Subsidiaries
WVR*LLZV WGÉLELGK¶LLT>B &LB.Z WVR*LLZV WGÉLELGK¶LLT>B LL<LL WVR*LLZV etc. were designated in all Divisions of HO, Circle Offices,
WGÉLELGK¶LLTB ELT¹&LLÈÉLLVEL¶LL;Z¶LETM)LIÈ)LLYLT>B &LB.ZEL¶LL;Z¶LLT>B Branches and other offices, respectively. Further, compliance
functions were identified for all HO Divisions/Circles/Branches
LL<LLWLTB 3L'LL W6¶L EL¶LL;Z¶LLTB FTB VLG&L3L GE¶LL Y¶LL" CMET WG3LGK%S>
and reporting mechanism was also established at various
WVR*LLZVEI*LHQLVEL¶L;ÈÉLLVEL¶LL;Z¶LETM)LIÈ)LLYLT!B &LB.ZLT!B LL<LLWLTB levels for compliance in accordance with the guidelines of
FTB EI YC; 3L'LL GPGVLFE ET GOLLGVOT; LLTB EI GOLL FTB WVR*LLZV the Regulator.
HT3LR GK*LLT7Y ÈLLZI ELT )LI GPG)L£ -3LKLTB *LK -'LLG*L3L GE¶LL Y¶LL 'LL"
Compliance testing/mapping review on various products of
$L4BEETGPG)L£N3*LLOLTB*LKWVR*LLZV*LKI\LL!&L4*LYEIM&LI\LLGV¶LG&L3L the Bank was being carried out on a regular basis. In order
WLÉLLK*LKEIULKHI'LI"WVR*LLZVULTG<L&L*LK$LTH3LKGV¶LBLLET to have better control on compliance risk and to promote
61
GZ WL4K $L4BE &LTB WVR*LLZV MB-²G3L ELT $LLPL OTVT ET NÎT¶L MT compliance culture in the Bank, compliance review of each
È3¶LTE&LB.ZEIM&LI\LL3L'LLGPG)L£-3LKLTB*LKWVR*LLZVWGÉLELGK¶LLTB Circle and sensitization of Compliance Officers at various
levels was also being undertaken from time to time.
ELMBPTOIEKL)LIM&L¶LM&L¶L*LKGE¶LLULKHL'LL"
f. Vigilance
*L2M3LE;3LL
Vigilance Administration is an integral part of management
M3LE;3LL ÈLLMV È$L6ÉLV EL¶L; EL E WG)L£ )LLY H4" OB.L3&LE function. As a paradigm shift of focus of vigilance from
M3LE;3LLMT WY[MG¹¶LM3LE;3LLWL4KW1/T MBQLZVHT3LR M3LE;3LL*LK punitive vigilance to proactive vigilance and measures of
E WLOL; $LOZLP ET *L &LTB> GPºLI¶L PL; ET OL4KLV M3LE;3LL good governance, the Vigilance Department undertook the
GP)LLYVTGV&VGZG<L3L*LHZTBWL4KYG3LGPGÉL¶LLBQZLC;" following initiatives and activities during FY’15.
GV¶LG&L3L*LMT*LLZVWL4K#LTMÈ¶LLMLTBETELKL EPL;MTWGÉLE Due to regular follow up and concerted efforts, there was no
M&L¶LMT M3LE;3LLELELTC; &LL&LZLLTLVHIB H4 "CMET WZLPL>V vigilance case outstanding for more than one year. Moreover,
&LL&LZLTBMGH3LM3LE;3LL&LL&LZLTBEIERZMB<¶LL L7EKHLTYC;'LI> the total number of vigilance cases, including new additions,
ULTGE*LI V$LIETCG3LHLM&LTB6¶LXV3L&LLTLH4" was pruned down to 387, which was the minimum ever
outstanding in the history of PNB.
GVPLKE M3LE;3LL N*LL¶L ET *L &LTB M3LE;3LL WGÉLELGK¶LLTB PB &LR<¶L
As a preventive vigilance measure, branch visits by the
M3LE;3LLWGÉLELKI^LKLLL<LLELOL4KLMRGVG1L3LGE¶LLY¶LLWL4KEC;
Vigilance officers and Chief Vigilance Officer was ensured
GVPLKE!MG¹¶LMTG&LVLKLTBELWL¶LLTUVGE¶LLY¶LL" and several preventive/ proactive seminars were organised.
*LGK*LL!MBQLKET &LLÉ¶L&LMT *L2I:.ET GZ MIPIMIET GOLLGVOT;LLTB CVC guidelines were communicated to field through circulars
ELTMXGQ3LGE¶LLY¶LL" and other modes of communications.
M3LE;3LLULYE3LLM*3LLH PI .$L:¶LX
MT Vigilance Awareness Week (VAW) was observed from
3LE&LVL¶LLY¶LL"CMPL;EI'LI&L'LI?)L[rLQLKELGPKLTÉLM&L'L; 27.10.2014 to 01.11.2014. The theme of the year was
ÈL4]LTGYEIET*L&LTB" “Combating Corruption – Technology as Enabler”.
ZLTE N]&L MB-'LLV> H4OKL$LLO M3LE;3LL ÈLLMV ET GPG)L£ &LL*LOB.LTB The Institute of Public Enterprises, Hyderabad conferred the
ET 3LH3L $L4BE EI NkT<LVI¶L N*LZG$ÉL¶LLTB ET GZ ELT prestigious “Corporate Vigilance Excellence Award 2014-
H4OKL$LLO &LTB M3LE;3LL WGÉLELGK¶LLTB ET M&&LTZV &LTB ZYL3LLK OXMKT PL; 15” upon PNB for the second year in succession at the
ETGZ *LI V$LIELTÈG3LGs3L??EL8*LLT;KT7M3LE;3LLN3²r3LL*LRK-ELK Conclave of Vigilance Officers at Hyderabad on 12.03.2015
MTM&&LLGV3LGE¶LLY¶LL" for remarkable achievements of the Bank under various
parameters of vigilance administration.
CMET WG3LGK%S> *LI V$LI ET &LR<¶L M3LE;3LL WGÉLELKI ELT GPG)L£
M3LE;3LL&LL*LOB.LTB&LTBN3²r3LLETGZ *LBUL$LV4LVZ$L4BE&LTBMIPIWLTET Further, the Chief Vigilance Officer of PNB was adjudged as
the ‘Best Vigilance Personnel of 2014-15’, considering his
*L&LTBNVET&LH3P*LXL;¶LLTYOLVHT3LR??ETMP;+TsM3LE;3LL significant contribution as CVO in Punjab National Bank in
EL&LE LLTGL3LGE¶LLY¶LL" excelling in various vigilance parameters.
MXQVLELWGÉLELKWGÉLGV¶L&L 16. Right To Information Act
MXQVL EL WGÉLELK WGÉLGV¶L&L $L4E B ^LKL G¹¶LLG6P3L GE¶LL Y¶LL 'LL" The Right to Information Act was implemented by the Bank.
MXQVLELWGÉLELKWGÉLGV¶L&LETWVRMLKÈLMBGYEULVELKI$L4E B EI The relevant information as per Right to Information Act was
PT$LMLC7 www.pnbindia.in
*LK ÈTGL3L EI YC; 'LI" GPºLI¶L PL; posted on the Bank’s website (www.pnbindia.in). During
ET OL4KLV>$L4E B VT >WLPTOVÈL*3LGE WL4KWGÉLGV¶L&LET FY’15, the Bank received 7517 applications and provided
ÈLPÉLLVLTB ET3LH3LWLPTOELTB WL4KWLPTOVLTB &LTB /X7ÈL*3LEKVT requisite information to 5388 applicants and 2121 applications
were found exempted under the provisions of the Act. 224
EIW*LTG\L3LULVELKIÈOLVEI"3LEWLPTOV*LL applications were outstanding as on 31.03.2015 for disposal
GVÉLL;GK3LM&L¶LMI&LLET)LI3LKGV*L7LVETGZ $LEL¶LLET*L&LTB 'LT" within the prescribed timeframe.
KLU)LLLLVIG3LELEL¶LL;6P¶LV 17. Implementation of Official Language Policy
$L4BE W6¶L \LTLLTB EI )LLBG3L KLU)LLLL EL¶LL;6P¶LV ET \LTL &LTB )LI The Bank has always been leading in the area of implementation
H&LTLL WY[LI KHL H4" $L4BE VT )LLK3L MKELK YAH &LBLLZ¶L KLU)LLLL of Official Language as in other areas of the Bank. The Bank
GP)LLY ^LKL GPºLI¶L PL; ET GZ GVÉLL;GK3L M&L-3L M)LI achieved almost all the targets in all parameters fixed by
&LL*LOB.LTB &LTB WGÉLELBL Z\¶LLTB ELT ÈL*3L EK GZ¶LL H4" M)LI G^)LLLI the Govt. of India, Ministry of Home Affairs, Department
of Official Language for the year 2014-15. All the bilingual
MI$LI MWL4K QWLK &L MEB*¶LX7KHOICB7K*L2TMET 3LH3L'LT"CM CBS and HRMS computers were under Hindi Interface. By
G^)LLLIÈLLZIELT W*LVLEK>KLU)LLLLET EL¶LL;6P¶LV&LTB W3¶LGÉLE adopting this bilingual system, implementation of Rajbhasha
PAGHRC;"CMETWG3LGK%S>$L4BEETM)LI-3LKLTB*LKHOI*LLLQLKWLGO increased a lot. In addition, the Bank used Unicode fonts for
ETGZ ¶LXGVELT.*L2LTB7ELC-3LT&LLZGE¶LLY¶LL" Hindi correspondence etc. at all levels.
GPºLIPL;ETOL4KLV$L4BEELTHOIETÈ¶LLTY&LTBW*LVTN3²r During FY'15, the Bank was awarded with 34 awards for its
ÈOL;VETGZ *LRK-ELKLTBMTM&&LLGV3LGE¶LLY¶LL'LL>GUV&LTBÈG3LGs3L excellent performance in the use of Hindi which includes
62
okf"kZd fjiksVZ
CBGOKLYLBÉLIKLU)LLLLLI:.)LLK3LMKELKEIMPLT;1Q*LRK-ELK¶LLTUVL> some of very significant awards namely Indira Gandhi

)LLK3LI¶LGKUP;$L4BEKLU)LLLLLI:.3L'LLYAH&LBLLZ¶LETW6¶L\LTLI¶L Rajbhasha Shield – a top most award scheme of Govt. of India,
RBI Rajbhasha Shield and other Regional level awards of
-3LKET*LRK-ELKLLG&LZH4B"CMETWG3LGK%S>OTLETGPG)L£-'LLVLTB&LTB
Ministry of Home Affairs. In addition, Town Official Language
G-'L3LVYKKLU)LLLLEL¶LL;6P¶LVMG&LG3L¶LLTBWL4KW6¶LY4KMKELKIMBY#VLTB Implementation Committees situated in different locations
^LKL )LI $L4BE EL¶LL;Z¶LLTB ELT *LRK-²3L GE¶LL Y¶LL" GOkI> )LK3L*LRK> of the country and other Non-Govt. Organizations also
ELV*LRK>QB.IY>ÉL&L;LLZL>+IYBYLVYK>$LRZBOLHK>OTHKLOXV>YLTK<L*LRK> awarded the Bank offices. The Bank successfully convened
ER\LTL>KLTH3LE>&LRU¾*L2KVYKWL4KHLTGL¶LLK*LRK&LTB)LLK3LMKELK^LKL the Town Official Language Implementation Committees
MB-'LLG*L3LVYKKLU)LLLLEL¶LL;6P¶LVMG&LG3L¶LLTBELT$L4BEVTM*L2Z3LL*LXP;E constituted by Govt. of India in Delhi, Bharatpur, Kanpur,
MBQLGZ3LGE¶LL" Chandigarh, Dharamshala, Sriganganagar, Bulandshahar,
Dehradun, Gorakhpur, Kurukshetra, Rohtak, Muzaffarnagar
UVPKI>ELTMBMOI¶LKLU)LLLLMG&LG3LEI3LIMKIN*LMG&LG3L and Hoshiarpur.
VT $L4BEET LL;ERZ&L&L.ZET LL<LLEL¶LL;Z¶LELT7_7¶L&LELOL4KL
The third sub-committee of Committee of Parliament on
GE¶LLWL4KWÈ4Z>ELTKLU)LLLL*LKMBMOEIKLU)LLLL&LML4OL Official Language visited the Ernakulum Circle Branch Office-
PBML\¶LMG&LG3L^LKLGOkI$L4BEVKLELMMO-¶LLTBELGVKI\LLGE¶LL Kottayam of the Bank on 19th January, 2015 and Draft &
Y¶LL>GOkIVKLELMELMB¶LLTUE*LBUL$LV4LVZ$L4BEH4"MG&LG3LVT Evidence Committee of Parliament on Official Language
HOIET ÈYL&LIÈ¶LLTYET GZ $L4BE^LKLGE Y È¶LLMLTB ET ÈG3L inspected Delhi Bank Narakas Members on 1st April, 2015,
MB3LLTLHI0¶L%SVHIBGE¶LL$LG:EÈLBML)LIEI" convenor of Delhi TOLIC being Punjab National Bank. The
Committee not only expressed satisfaction but also appreciated
$L4BEÈ3¶LTEPL;GM3LB$LK&LLHELTGH6OI&LLHET*L&LTB&LVL3LLH4" the efforts made by the Bank for progressive use of Hindi.
CMGZ *LXKT)LLK3L&LTB-'LLVI¶LWL4K&L.Z-3LK*LKGPG)L£ÈG3L¶LLTGY3LL B
The Bank celebrates 'Hindi Maah' in the month of September
WL¶LLTGU3LEIUL3LIH4B>GUM&LTBM)LIMBPYLTETE&L;QLKIN3MLHMT)LLY every year. Various competitions were organised at all India,
ZT3LTHB4"GPUT3LLWLTBELTKLU)LLLLM&LLKLTH&LTB*LRK-ELKETML'LM&&LLGV3L local and Circle levels in which staff members of all cadres
GE¶LLUL3LLH4"GPG)L£ÈELÈ)LLYLTBWL4K&L.ZEL¶LL;Z¶LLTB>ÈGL\LL participate enthusiastically. The winners are awarded with
ET6ÇLTB>\LTLI¶LZT<LL*LKI\LLEL¶LL;Z¶LWLGOET GZ D4BEEIWJVI prizes in the Rajbhasha Function. Bank has its own Lala Lajpat
ZLZLZLU*L3LKL¶LKLU)LLLLLI:.¶LLTUVLH4"CM¶LLTUVLET 3LH3L> Rai Rajbhasha Shield Yojana for its various HO Divisions and
HKPL; EL¶LL;Z¶LLTB ELT KLU)LLLLEL¶LL;6P¶LVET \LTL&LTB N3²rEL¶L; Circle Offices, Training Centres, Zonal Audit Offices, etc.
Under the scheme, every year offices were awarded with
EKVT ET GZ *LRK-ELKET ML'LM&&LLGV3LGE¶LLY¶LL"CMPL; )LI>
prizes for doing excellent work in the area of Rajbhasha
$L4BE^LKLHOI&LLH PBW6¶LEL¶L;¹&LLTB!ÈG3L¶LLTGY3LLWLTBELWL¶LLTUV implementation. This year also, the Bank organised Hindi
GE¶LLY¶LLWL4K*LRK-ELK PB M&&LLVGO Y "KQVL3&LEZT<LV*LK Maah & other programmes/competitions and awards &
ÈG3L¶LLTGY3LLWLTB &LTB ÈL*3LZT<LLTB EL*LLBQPLMBY[HÈELGL3LHLTVT ULKHL prizes were given. Fifth collection of articles received in the
H4"$L4BEET&LL4GZEHOI*LR-3LEZT<LV¶LLTUVLET3LH3L>$L4BEYWL4K competitions on creative writing is going to be published.
Y4K$L4BEYGPL¶LLTB*LKHOI&LTB&LL4GZE*LR-3LEZT<LVETGZ -7L*L2 Under Moulik Hindi Pustak Lekhan Yojana of the Bank, cash
incentives were awarded to the staff members for writing
ETMO-¶LLTBELTVEOÈLT3MLHVMTM&&LLGV3LGE¶LLY¶LL"$L4BE&LTBEL&L
original books in Hindi on Banking and Non-banking subjects.
EKKHT¶LL$L4BEEIMTPLWLTBMTMTPLGVPAºLHR M)LI-7L*L2MO-¶L>CM All the staff members including the employees retired from the
¶LLTUVLET3LH3L)LLYZTME3LTH4B" Bank's services, participated under this scheme.
Y[LHEMTPL 18. Customer Care
$L4BEW*LVTY[LHELTBELTLI L[WL4KERLZMTPLÈOLVEKVT*LKWGÉLE The Bank continues to lay greater emphasis on providing
ULTKOT3LLH4"CMNÎT¶LELTÈL*3LEKVTETGZ >$L4BEVTÈ3¶LTE&L.Z prompt and efficient service to its customers. With a view
EL¶LL;Z¶LWL4KÈÉLLVEL¶LL;Z¶L&LTBE-7&LKET¶LKMTB7K-'LLG*L3LGE H4B" to achieve this end, the Bank has established Customer Care
ÈÉLLVEL¶LL;Z¶LETE-7&LKET¶LKMTB7KELÈ&LR<L&LHLÈ$LBÉLEH4GU6HTB Centre at each Circle Office and Head Office. Customer Care
Centre at Head Office is headed by a General Manager, who
N*L &LHLÈ$LBÉLE> OLT &LR<¶L È$LBÉLE WL4K EC; W6¶L WGÉLELGK¶LLTB ^LKL is assisted by a Deputy General Manager, two Chief Managers
EL¶LLT;&LTBMHL¶L3LLÈOLVEIUL3LIH4"$L4BE^LKL3L4¶LLKEIYC;GLEL¶L3L and several other officers. Every endeavour is made to redress
GVPLKLVIG3LET 3LH3LGVÉLL;GK3LM&L¶LMI&LLET )LI3LKGLEL¶L3LLTB EL the complaints within the timeframe fixed under the Grievance
GVPLKLEKVTHT3LRHKÈ¶LLMGE¶LLUL3LLH4WL4KGLEL¶L3LE3LL;WLTBELT Redressal Policy formulated by the Bank and complainant is
GVK*LPLO*LMT$L4BEEIÈG3LG¹¶LLET$LLKT&LTBWPY3LEKL¶LLUL3LLH4" invariably apprised of the response of the Bank. In the Bank,
$L4BE&LTB>ÈLLGZ¶LLTBWL4KÈG¹¶LLWLTBEI0¶LP-'LLY3LE&LIELTOXKEKVT systems and procedures are reviewed at regular intervals to
remove systemic deficiency, if any, which help in further
ETGZ >¶LGOELTC;H4>GV¶LG&L3LWB3LKLZ*LKM&LI\LLEIUL3LIH4>GUMMT
improving the customer service.
WLYTY[LHEMTPL&LTBMRÉLLKZLVT&LTB&LOOG&LZ3LIH4"
Due to constant efforts made by the Bank to improve the
Y[LHEMTPL&LTBMRÉLLKEKVTETGZ $L4BE^LKLGE Y GVKB3LKÈ¶LLMLTB customer service, the number of complaints received during
ETELKLGPºLI¶LPL;ETOL4KLVÈL*3LGLEL¶L3LTB>EI3LRZVL&LTB FY’15 came down from 38,869 in FY’14 to 29,759. Out of
GPºLI¶LPL;ETOL4KLVE&LHLTEK>HLTYC;">GLEL¶L3LLTB total number of 29,951 complaints, 192 complaints were
EIERZMB<¶LL&LTB MT ELT GLEL¶L3LTB LTL'LIB WL4K outstanding as on 01.04.2014 and 29759 complaints were
63
GPºLI¶LPL;ETOL4KLV>GLEL¶L3LTBÈL*3LHRC;"&LLQ; received during FY’15. The number of complaints redressed
ELT GV-3LLGK3L GLEL¶L3LLTB EI MB<¶LL > 'LI" 3LE was 29,778 as at 31st March 2015. 173 complaints were
pending as on 31.03.2015, which stood resolved.
ZBG$L3LGLEL¶L3LLTBEIMB<¶LL'LI>GUVELGV*L7LVHLTQRELH4"
ELTZLYXVGE Y WGÉLGVL;¶LEIMB<¶LL'LI"GPºLI¶L The number of unimplemented awards as at 01.04.2014
was 4. The awards passed by Banking Ombudsman during
PL;ETOL4KLV$L4BEYZLTE*LLZ^LKLULKIGE Y WGÉLGVL;¶L FY’15 were 7 while the awards implemented during same
'LT>U$LGENMIWPGÉLET OL4KLVEL¶LL;G6P3LWGÉLGVL;¶L'LT" period were 10. One award remained unimplemented as at
&LLQ;&LTBZLYXVGE Y WGÉLGVL;¶LEIMB<¶LL'LI>GUMET 31st March 2015, in respect of which appeal was filed with
MB$LBÉL&LTBW*LIZI¶LÈLGÉLEKL&LTBW*LIZOL¶LKEIYC;" the Appellate Authority.
PL;ETOL4KLVY[LHEMTPL&LTBMRÉLLKHT3LREIYC;*LHZTB Initiatives undertaken during the year for improvement in

customer service
q $L4BEVTMTPLETW*LVT-SKELULULZTVTHT3LRGOkI VMIWLK\LTL
q The Bank constituted a team of officials at Customer Care
&LTBLL<LLWLTBELW,L3LOL4KLEKVTETGZ ÈELETE-7&LKET¶LK Centre at Head Office to pay incognito visit to branches
MTB7K*LKWGÉLELGK¶LLTBEI E7I&LYG#3LEIH4"OL4KLEKVTPLZT in Delhi NCR area to assess their standard of service.
WGÉLELGK¶LLTB^LKL$L3LLC;YC;EG&L¶LLTBELTOXKEKETMRÉLLKL3&LEEO&L Deficiencies pointed out by the visiting officials are being
N#LVTHT3LRCMTMB$LBGÉL3LLL<LLWL4K&L.ZEL¶LL;Z¶LETML'LMLL shared with the concerned branch and the Circle Office
for taking corrective steps for removal of the same. Similar
GE¶LLULKHLH4"CMIÈELKWG<LZ)LLK3LI¶LWLÉLLK*LK$L4BEET system was introduced in other Circle Offices of the Bank
W6¶L&L.ZEL¶LL;Z¶LLTB&LTBÈLLZIELÈLK&)LGE¶LLY¶LL'LL"CMMT on pan India basis. This helped in further improvement in
Y[LHEMTPL&LTBWL4K)LIMRÉLLKEKVT&LTB&LOOG&LZIH4" customer service.
q The Bank established state-of-the-art Contact Centres at
q $L4BEVTY[LHELTBETGZ xxWLÉLLK*LK7TZI$L4BEYMTPL B Gurgaon and Noida to provide tele-banking services to its
ÈOLVEKVT HT3LR OLT ÈGMMTPLOL3LLWLTB ET &LLÉ¶L&LMT W'LL;3L i
customers on 24 x 7 x 365 basis through two renowned
&L4 GUMGZG&L7T.3L'LL ii
&L4 &L*L2TGMMGZG&L7T.YR.YLBPWL4K Service Providers viz., (i) M/s Aegis Limited and (ii) M/s
Mphasis Limited. In addition to above two Primary Sites,
VLT .L&LTB W3¶LLÉLRGVEMB*LE; ETBÇLTB EI-'LL*LVLEI"N*LKLT%SOLT
the Bank established two Secondary Contact Centres at
ÈL'LG&LEMLC7LTBETWG3LGK%S>W*LVTY[LHELTBETGZ 7TZI$L4BEY Mangalore and Bhopal to provide tele-banking services to
MTPL BÈOLVEKVTHT3LR\LTLI¶L)LLLLWLTB&LTB$L4BEVT&LBYZL4KWL4K)LLT*LLZ its customers in regional languages also.
&LTBOLTMHL¶LEMB*LE;ET6ÇLTBEI-'LL*LVLEIH4" q The Bank publishes a monthly magazine titled “Customer
Speak” in which gist of the selected complaints made by the
q $L4E
B ?E-7&LK-*LIELIL;EMT E&LLGME*LGLELELÈELLVEK customers is published and the action taken and resolution
KHLH4GUM&LTB Y[LHELTB ^LKLEIYC;Q¶LGV3LGLEL¶L3LLTB ELMLKÈELGL3L provided to the complainant is also mentioned. Besides,
GE¶LLUL3LLH4WL4KNV*LKEIYC;ELK;PLC;3L'LLGLEL¶L3LE3LL;ELTÈOLV the Bank’s guidelines on important issues pertaining to
customer service are highlighted for the benefit of the field
GE Y M&LLÉLLVELNkT<L)LIGE¶LLUL3LLH4"CMET WG3LGK%S>
staff.
*L2I:.-7L*L2ETZL)LHT3LRY[LHEMTPLMTMB$LBGÉL3L&LH3P*LXL;&LRÎLTB *LK q Theme Based Meetings were conducted in all branches
$L4E
B ETGOLLGVOT; LLTB ELNkT<LGE¶LLUL3LLH4" on a common date at monthly intervals to bring about
q $L4BEETN3*LLOLTBWL4K¶LLTUVLWLTBEIULYE3LLETGZ 3L'LL*L2I:. awareness of the Bank’s products and schemes and for
improving knowledge and skills of the field staff.
-7L*L2ET,LVWL4KEL4LZ&LTBMRÉLLKZLVTETGZ &LLGMEWB3LKLZ
*LK EGVG1L3LG3LG'LELTM)LILL<LLWLTB&LTB'LI&LWLÉLLGK3L$L4#ETB 19. PNB’s Subsidiaries and Regional Rural Banks
WL¶LLTGU3LEIUL3LIH4B" a. PNB Housing Finance Limited (PNBHFL)
FY’15 was a year of high growth once again under all the
*LI V$LIEIWVRLBYIEB*LGV¶LLBWL4K\LTLI¶LY[L&LIL$L4BE parameters. The Company achieved good growth in fresh
E *LI V$LIHLNMY*L2LCVTBMGZG&L7T. *LI Q$LI Q ¾2 Z
loans, outstanding loan book, profitability and it further
reduced Non-Performing loans. The Company’s Total Loans
GPºLI¶LPL;M)LI&LL*LOB.LTB ET3LH3L E$LLKG*L2KMTN1QPAGOK sanctioned during the year were ` 15,076 crore showing
ELPL; KHL"EB*LVIVT V LLTB &LT>B $LEL¶LLZLTV$LRE&LT>B ZL)LÈO3LL YoY growth of 71% in FY’15. During the year, the total loan
&LTB W1/IPAGÈL*3LEIH4WL4KWVU;EL)LIE&LHR H4"B PL;ET disbursements was ` 9440 crore showing YoY growth of 72%
OL4KLVEB*LVI^LKL-PI²3LERZL`>EKLT. 'LT>GUM&LTB GPºLI¶L in FY’15. The Loans outstanding as on 31st March 2015 was `
16,819 crore registering the growth of 59% over FY’14.
PL;&LTB EIPL;OKPL; PAGHRC"; PL; ET OL4KLV>ERZL
GP3LKLÈKLT. 'LT>ULTGPºLI¶LPL;&LTB EIPL;OKPL; The Company’s Gross Non-Performing Assets stood at 0.20%
PAGOLL;KHLH4"GPºLI¶LPL;EI3LRZVL&LTB EIPAGOU;EK3LT while Net Non-Performing Assets stood at 0.07% which was
HR &LLQ;ELT$LEL¶LLL`>EKLT. 'LT" lowest in the Industry. Profit before Tax stood at ` 295.46
crore, showing YoY growth of 68% over FY’14. The Profit
EB*LVIEIMEZWVU;EWLG-3L¶LLB*LKKHIU$LGEGVPZWVU;E after Tax reached at ` 196.11 crore showing YoY growth of
WLG-3L¶LLB*LKKHI>ULTN]LTY&LTB M$LMTE&L'LI"EK*LXP; ZL)L*L 54% over FY’14.
64
okf"kZd fjiksVZ
EKLT. KHL>ULTGPºLI¶LPL;EI3LRZVL&LTB EIPL;OKPL; The Company faced tough competition in the market, with
PAGOLL;KHLH4"EK*L1LL3LZL)LÈKLT. JK*LHRQ B Y¶LL>ULT regard to declining margins and takeover of portfolio by the
GPºLI¶LPL;EI3LRZVL&LTB EIPL;OKPL;PAGOLL;KHLH4" competitors. This challenge was met with efficient funds
management and improved service to the customers. The
GYK3LT &LLUV WL4K *LLT7*; L2LTGZ¶LLT ET WGÉLY[HL ET MB$LBÉL &LT>B EB*LVI ELT Company improved the borrowing mix during the year,
ÈG3L¶LLTGY¶LLTB ^LKL$LLULK&LTB E.IÈG3L-*LÉLL;ELML&LVLEKVL*L.L"CMQRVL43LI which has enabled it not only to reduce borrowing cost
ELML&LVLY[LHELTB ELT$LTH3LKMTPLÈOLVEK3L'LLÈ)LLPIÉLVÈ$LBÉLVMTGE¶LL but also better net interest margin as compared to last year.
Y¶LL"EB*LVIVTPL;ETOL4KLVNÉLLKG&L+L&LTB MRÉLLKGE¶LLH4>ULTG*L/ZTPL; Public deposits of the Company grew by over 186% at ` 4897
EI3LRZVL&LTB VETPZNÉLLKZLY3LELTE&LEK3LIH4$LG:EGVPZ$¶LLuL crore. The deposits contributed over 28% of the loan assets as
&LLUVELT)LI$LTH3LK$LVL3LIH4"EB*LVIEIMLP;UGVEU&LLKLGL¶LLB compared to 16% a year ago.
MTWGÉLE$LEKÈKLT. HLTYC;" EPL;*LHZTEI3LRZVL&LTB The Company introduced online state-of-art Enterprise System
U&LLKLGL¶LLTB VTLWLG-3L¶LLTB FTB MTWGÉLEEL¶LLTYOLVGE¶LLH4" Solution. The Company will soon introduce web enabled
EB*LVIVT EW3¶LLÉLRGVE B7KÈLCuLGM-7&LMLT:¶LRLVEILRWL3LEI" services for its customers and business associates. During the
EB*LVILI L[HIW*LVTY[LHELTB WL4K0¶LL*LLKMH¶LLTGY¶LLTB ETGZ PT$LM\L&L year, the Company opened six new branches taking the total
MTPLWLTB ELTÈLK&)LEKTYI"PL;ETOL4KLV>/HVC;LL<LL B<LLTZVTMTEB*LVI network to 38 branches. These branches were supported by
ELVT7PE;LL<LLWLTB ELHLTY¶LLH4"¶LTLL<LL BWLBQGZEWL4K 15 zonal and regional underwriting hubs. The hub structure
\LTLI¶LWB.KKLC7YH$L^LKLM&L'L3L'LI"H$LVT LL<LLWLTB 3LE scalable up to 60-65 branches would enable future growth of
&LL*LVI¶LMBKQVLEIH4>ULTELKLT$LLKET)LLPIGPELMETGZ M\L&LHLTYL" business. By 31st March 2015, the Company was 5th largest
Housing Finance Company and 2nd largest deposit taking
&LLQ;3LE>EB*LVIPIBM$LMT$L.IHLNMY*L2LCVTM B EB*LVIWL4K
Housing Finance Company.
OXMKIM$LMT$L.IU&LLKLGLZTVT PLZIHLNMY*L2LCVTM B EB*LVI'LI"
b. PNB Gilts Limited
<L*LI V$LIGY:7_MGZG&L7T.
During FY’15, Indian financial markets continued to be guided
GPºLI¶LPL;ETOL4KLV)LLK3LI¶LGPºLI¶L$LLULK*LGKP3L3LELKELTBU4MT by a host of varying factors, like commitment to inflation
&LRÇL-*L2IG3LETÈ$LBÉLVEIÈG3L$L3LL&LRÇLEINGQ3LG-'LK3LL^LKLÈ)LLGP3L management, reasonable stability on currency front, current
KHIH4WL4KQLZX<LL3LL LL7TELGV¶LBLLKLUELTLI¶LM&LTEVETKL-3LT*LK account deficit under control and on fiscal consolidation path.
H4"CMETWG3LGK%S>)LXKLUVIG3LE*LGKOA¶L&LTB3LTUIMT$LOZLP>P-3LRWLTB Further, fast changing geo-political landscape, weakening
EIEI&L3LLTBMGH3LE1QT3LTZEIEI&L3LLTB&LTBGYKLP7>¶LXKLT\LTLEIE&LULTK commodity prices including plummeting crude prices,
HLT3LIW'L;0¶LP-'LL>W&LTGKEIW'L;0¶LP-'LLEI&LU$LX3LIETMBET3L>QIV weakening Euro Zone economy, signs of strengthening US
&LTBGPELM&LBOIWL4K)LLK3L&LTBMELKL3FEFT¹LTCEL8VLGFE L7VL¹FVT economy, growth slowdown in China and positive macro
)LLK3LI¶LGPºLI¶L$LLULKLTBEI*LKT<LLELTWLELKGO¶LL'LL"CV L7VLWLTBET economic developments in India were shaping the contours of
*LGKLL&L-P*L>GVKB3LKWLÉLLK*LK3LKZ3LLG-'LG3LELÈ$LBÉLVEKVTHT3LR Indian financial markets. In the wake of these developments,
EMBLLTGÉL3L3LKZ3LLÈ$LBÉLVLBQT ELWLKB)LGE¶LLY¶LL'LL>U$LGE a revised liquidity management framework was introduced
to manage liquidity condition on an ongoing basis while the
MLBGPGÉLE3LKZ3LLWVR*LL3L M ZWLK
V.I7I ZET 3LE
statutory liquidity ratio (SLR) was reduced to 21.5% of NDTL.
E&LHLTYC;'LI"<LROKL&LRÇL-*L2IG3LGYKVTETML'L>)LLK3LI¶LGKUP;$L4BEVT In tune with the falling retail inflation, RBI also cut the repo
)LI$LI*LI M3LEKT*LLTKT7&LTBE7L43LIEI"CVM)LIELKELTB rate by 50 bps to 7.50%. As a result of all these factors, the
ET*LGKLL&L-P*L>&LLQ;ELTOMMLZKLGrE$LTBQ&LLE;*LT*LK yield on ten year Sovereign benchmark paper declined to the
ÈG3L*L2ZET-3LK&LTB3LEGYKLP7WLC;" level of 7.74% as on 31st March 2015.
N%S L7VL¹&LETGP*LKI3L>*LI V$LIGY:7_MGZG&L7T.VTÈL'LG&LEWL4K Against the above developments, PNB Gilts Ltd. fulfilled all
G^3LI¶LE$LLULKOLTVLTB &LTB EÈL'LG&LE.IZKET *L&LTB W*LVT M)LI its obligations as a primary dealer in both the Primary and
OLG¶L3PLTB ELT *LXKLGE¶LLH4"GPºLI¶LPL; &LTB ÈKLT. EI3LRZVL Secondary markets. Profit before Tax (PBT) amounted to ` 134
&LTBEK*LXP;ZL)L *LI$LI7I
EIKLGLÈKLT.'LI"KLTEET3LH3L crore as against ` 91 crore in FY’14 The increase in profit was
$LLuLLKULTG<L&LLTBMT$LQVTETGZ $LLT.;^LKLGVÉLL;GK3LULTG<L&L&LLVOB.LTBET due to the company’s extra vigilance on market movement
WB3LY;3LN*L¶LR%S0¶LL*LLKKLVIG3LETML'L$LLULKETGPQZVLTB&LTBEB*LVI with a suitable trading strategy within the risk parameters set
EIW3¶LGÉLEM3LE;3LLET ELKLZL)L&LTB PAGHRC;"GPºLI¶LPL; by the Board to keep the market risk under check. The trading
&LTB0¶LL*LLKWL¶LEIKLGLÈKLT.EI3LRZVL&LTBGPºLI¶LPL;ET income amounted to ` 76 crore during FY’15 as against ` 31
OL4KLVÈKLT.*L¶LTKHI"GPºLI¶LPL;&LTBERZ E&LR3LELKLT$LLK crore in FY’14. Further the total outright turnover increased
to ` 4.71 lakh crore as against ` 3.08 lakh crore in FY’14.
&LTB`ZL<LEKLT.EI3LRZVL&LTBÈKLT.EIPAGHRC;"EB*LVI
This is the highest turnover achieved by the company since
EILRWL3LMT ¶LHN1Q3L&LÈL*3LELKLT$LLKH4"&LLQ; EI inception. The Total Net worth of the company stood at
G-'LG3LETWVRMLKEB*LVIEIERZVT7P'L;ÈKLT.KHI" ` 718.06 crore as on 31st March 2015.
Y *LBUL$LV4LVZ$L4BECB7KV4LVZGZG&L7T. *LI V$LIWLC; Z
c. Punjab National Bank International Limited (PNBIL)
GPºLI¶L PL; ET OL4KLV *LI V$LIWLC; Z EL ERZ ELKLT$LLK $ During FY’15, Total Business of PNBIL increased from $2818
G&LGZ¶LV &LLQ;ELT
MT$LEK$G&LGZ¶LV &LLQ; million (as on 31st March 2014) to $ 2975.17 million (as on
ELT
HLTY¶LL>GUM&LTB %EIPL;OKPL;PAGOU;EIYC;" 31st March 2015), registering a YoY growth of 5.58%.
65
U&LLKLGL¶LLB$LEK$G&LGZ¶LVHLTYC; $G&LGZ¶LV
> Deposits increased to $1421 million (2014: $1331 million), while
U$LGEWGY[&L$LEK$G&LGZ¶LVHLTY $G&LGZ¶LV
> Advances increased to $1554 million (2014: $1487 million),
GUM&LTB ¹&LLWL4KEIPL;OKPL; EIPAGOU; EI registering YoY growth of 6.74% and 4.50%, respectively. The
major growth under deposits came in retail deposits, which
YC;" U&LLKLGL¶LLTB ET 3LH3L GK7TZ U&LLKLGL¶LLTB &LTB È&LR<L PAG HRC; H4> ULT grew from $683 million to $722 million. Operating Profit
W&LKIEI.L8ZKG&LGZ¶LVMT $LEKW&LTGKEI.L8ZKG&LGZ¶LV went up from $27 million to $41 million, registering growth
HLTYC;"*LGKQLZVZL)L$G&LGZ¶LVMT$LEK$G&LGZ¶LVHLTY¶LL> of 52%. Total Comprehensive Income attributable to equity
GUM&LTB EIPAGOU;HRC"; CG%P7ILT¶LKÉLLKELTB ELTÈOLVEIYC;ERZ shareholders was $ 9.91 million (2014: $8.63 million). Offering
0¶LL*LEWL¶L$G&LGZ¶LV'LI $G&LGZ¶LV
"WL8*L2KGE basic banking products and relationship banking continues to
ULVTPLZT$LTGME$L4B EYN3*LLO3L'LLMB$L3LL$L4B EY$L4E B ETGZ MROA be the strong selling point for the Bank. The Indian Rupee (INR)
Remittance scheme of the Bank stabilized and gained popularity
GP¹¶LELKIG$L6OR $LVT KHT"$L4E B EI)LLK3LI¶L*L¶LL WLC; VWLK
ÈTLL among the ethnic population. The Bank built a strong brand
¶LLTUVLG-'LKKHIWL4K&LLVPULG3LUVMB<¶LL&LTB CMVTZLTEGÈ¶L3LLWU3L image in the UK market.
EKZIH4"$L4E B VTGD[7VT ET$LLULK&LTB E&LU$LX3LD[L.B /GP$LVLC;H4"
Cash ISA product launched by PNBIL with variants of Variable
*LI V$LIWLC; Z ^LKL WLKB)L GE Y VEOI WLC; M N3*LLO GPG)L£ Rate Cash ISA and Fixed Rate Cash ISA, has gained popularity
*LGKP3L3LOKVEOIWLC; M 3L'LLG-'LKOKVYOIWLC; M MGH3LVT and the Company attracted over USD 100 million deposits
ZLTEGÈ¶L3LLHLGMZEIWL4KEB*LVIVTCM¶LLTUVLET3LH3LW&LTGKEI under the scheme. Helpline service established by the
.L8ZKG&LGZ¶LVMTWGÉLEU&LLKLGL¶LLBUR7LC;"G*L/ZTPL;ETOL4KLV>$L4E B Bank during previous year has stabilized and contributed in
^LKLHT:*LZLCVMTPLETÇB )LI-'LLG*L3LGE Y GUMMT Y[LHEMTPL&LTB improving the customer service. The Bank switched over from
Maestro Card to contact-less Master card. Debit card holders
MRÉLLKHRWL"$L4EB VT&L4-7LT EL.;MTMB*LE;KGH3L&LL-7KEL.;EL-'LLVZT
of PNBIL have the option to withdraw money from any ATM
GZ¶LL"*LI V$LIWLC; ZET.TG$L7EL.;ÉLLKELTB ET*LLM&LL-7KEL.;ZLTYLT having Master Card logo. PNBIL is the first Indian Bank to
PLZTGEMI)LI 7I &LMT*L4MT GVELZVTELGPE:*LH4"*LI V$LIWLC; Z issue contactless debit card and few among the local banks
ER/-'LLVI¶L$L4E B LTB ET &LÉ¶LMB*LE; KGH3L.TG$L7EL.; ULKIEKVT PLZL to do so. Strategic integration, parental support, continuous
*LHZL)LLK3LI¶L$L4E B H4"CMETZG\L3LY[LHEWLÉLLK&LTB ML&LGKE EIEKL> innovation, customer centric approach, niche positioning
&LL3LLG*L3LLELM&L'L;V>ÈQGZ3LVPIVÈG¹¶LL>Y[LHEETGB Ç3LOAGrELTL> and competitive advantage in its targeted customer base
WLZLG-'LG3L>ÈG3L-*LÉLI;ZL)L¶LXET &LTB $L4E B EIÈ&LR<LLG%SH4"$L4E B VT are the key strengths the Bank is enjoying in UK. The Bank
has in place well defined and clearly laid down policies on
ULTG<L&LÈ$LBÉLV>ZT<LL*LKI\LL3L'LLWVR*LLZV&LTB VIG3L¶LLTB ELT MR*LGK)LLGL3L Risk Management, Audit and Compliance. The Bank has its
PB-*LrGE¶LLH4"CMETZBOV&LTB 3L'LL)LLK3L&LTB $L4EWL8G*L2M&LTB W*LVI own dedicated treasury at London and a back office in India.
M&L*L3LELTLH4"$L4E B ¶LXET ET-PGPPTEIGPGV¶LL&LEÈLGÉLELKETM)LI The Bank complies with all regulatory and capital adequacy
GPGV¶LL&LE PB*LXU B I*L¶LL;*3L3LL&LLY;GVOT; LLTB ELWVR*LLZVEKKHLH4" guidelines of Prudential Regulation Authority of UK.
L *LBUL$LV4LVZ$L4E B GVPTLMPMTUGZG&L7T. *LI V$LIWLC; M Z

d. Punjab National Bank Investment Services Limited (PNBISL)
*LI V$LI C6PT-7&LTB7 MPMTU GZG&L7T. *LI V$LIWLC; M Z
*LBUL$L PNB Investment Services Ltd. (PNBISL) is a wholly owned
V4LVZ$L4BEEI E*LXL;-PLG&L3PPLZIMHL¶LEEB*LVIH4"¶LHGPG)L£ subsidiary of Punjab National Bank. It is engaged in providing
EL8K*LLTKT7 Y[LHELTB ELT 6¶LLM MTPL B ÈOLV EKVT ET WG3LGK%S GPºLI¶L Merchant Banking and other Corporate Advisory services in
the streams of Financial Appraisal/Techno-Economic viability
&LX:¶LLBEV!3LEVIEIWL'LE0¶LPHL¶L;3LLWÉ¶L¶LV>LMG.ETLVWL4K Study, Debt Syndication and undertaking Corporate Debt
EL8K*LLTKT7L*LRVY;#V MI.IWLK
ET\LTLLTB&LTB&LQT7$L4BEYWL4KW6¶L Restructuring (CDR) besides providing Trusteeship services to
EL8K*LLTKT7MZLHELKMTPL BÈOLVEKKHLH4" various Corporate Clients.
EB*LVIELEL8*LLT;KT7EL¶LL;Z¶L&LRB$LC; &LTB 3L'LL*LBUI²3LEL¶LL;Z¶LGOkI The Company is having Corporate Office at Mumbai and
&LTB G-'L3LH4"CVOLTVLTB EL¶LL;Z¶LLTB &LTB M)LIÈELKEIMTPL B ÈOLVEI registered office at Delhi. At both these offices all gamut of
ULKHIH4B"EB*LVIET 3LIVW6¶LÈG3LGVGÉLEL¶LL;Z¶L)LIH4B ULT QT£C; services are being rendered. The Company is also having
H4OKL$LLOWL4KWH&LOL$LLO&LTBG-'L3LH4B"&LRB$LC;WL4KGOkIEL¶LL;Z¶LLTBET three other Representative Offices at Chennai, Hyderabad
and Ahmedabad. Besides generating business leads for
GZ ELKLT$LLKIZI.N3*L£EKVT ET WG3LGK%S¶LT ÈG3LGVGÉLEL¶LL;Z¶L
Mumbai and Delhi Offices, these Representative Offices also
ÈG3L)LXG3L6¶LLM PBLM&LXHVYG3LGPGÉL¶LLB)LIMBQLGZ3LEK3LTH4B"QT£C; undertake Security Trustee and Loan Syndication activities.
ÈG3LGVGÉLEL¶LL;Z¶L7T%VLTWL'LE0¶LPHL¶L;3LLWÉ¶L¶LVLTBETWL¶LLTUVEI Chennai Representative Office is also equipped to handle
OT<LKT<LEKVTHT3LR)LIMRMG5U3LH4" conducting of Techno-economic viability studies.
&LLQ;ELTM&LL*3LHR GPºLI¶LPL;&LTB>EB*LVIELM&LY[ÈOL;V In the financial year ended on 31st March 2015, the overall
W1/LKHL"Y3LPL; EICMIWPGÉLET ÈKLT. ET &LREL$LZT performance of the Company was good. During the year ended
&LLQ;ELTM&LL*3LHR PL;ETOL4KLVEB*LVIVTZY)LY% March 2015, the Company earned total fee based business
EIPL;OKPL; PAGOU; EK3LT HR ÈKLT. EIERZLR:E income of ` 11.13 crore as against last year corresponding
fee of ` 8.08 crore registering YoY growth of about 38%.
WLÉLLGK3LELKLT$LLKIWL¶LWU3LEI"EIPAGOKETML'LEB*LVI Total Income of the Company increased from ` 11.15 crore
EIERZWL¶LÈKLT.MT$LEKÈKLT.HLTYC;"CM to ` 14.53 crore at a growth rate of 30%. Profit before tax,
WPGÉLETOL4KLVEK*LXP;ZL)L%EIPL;OKPL;PAGOU;EK3LT during this period, improved from ` 8.06 crore to ` 10.70
HR ÈKLT.MTMRÉLKEKÈKLT.HLTY¶LL" crore, registering YoY growth of 33%.
66
okf"kZd fjiksVZ
CMWPGÉLETOL4KLV&LQT7 $L4B EYÉLLKLET3LH3LEB*LVIVTWPMBKQVLGPELM During the period, the Company under Merchant Banking
&LTB MBZ9V EÈG3LGs3LEB*LVIETGZ NMETÈ-3LLGP3LÈLKBG)LEMLP;UGVE stream filed Draft Red Herring Prospectus (DRHP) for one of
È-3LLP WLC;*LIWLT
HT3LR .L¾7KT.HTKYÈL8-*LT%7M .IWLK Q*LI
OL¶LK reputed company engaged in Infrastructure development for its
proposed Initial Public Offer (IPO). The Company was also in
GE¶LL"EB*LVI EW6¶L&LQT7 $L4B EYEL¶L;&LTB WL87LT&LLT$LLCZ*LRULT MTMB$LBGÉL3L process of conducting due diligence for filing DRHP in another
EÈG3LGs3LEB*LVIETÈ-3LLGP3LWLC;*LIWLTETGZ .IWLK Q*LIOLG<LZ Merchant Banking assignment of a reputed company engaged
EKVT HT3LR M&LRGQ3LMLPÉLLVIWL¶LLTGU3LEKVT EIÈG¹¶LL&LTB )LIKHI"CM in Automobile components for its proposed IPO. During the
WPGÉL ET OL4KLV MI.IWLK> C;UI 3L3PLPÉLLV &LTB *LRVY;#V ET WG3LGK%S period, the ambit of CDR Advisory Services was increased to
G^*L\LI¶L *LRVY;#VLTB ELT EPK EKVT ET GZ MI.IWLK *LKL&LL; MTPLWLTB cover bilateral restructurings apart from restructuring under
ET OL¶LKT ELT $LLGO¶LLY¶LL"EB*LVIW$LCVMTPLWLTB ET OL¶LKT ELT *LRV CDR¸ EG aegis. The Company is now planning to further
expand the scope of the services to include debt resolution
$LLVT EI¶LLTUVL$LVLKHIH4 GUMMT CM&LTB WB3LKLGPºL*LLTLLET &LLÉ¶L&L
through take-out financing, refinancing options and providing
MTLM&LLÉLLVLT>B *LRVPºLETGPE:*LLTB WL4KW*LVIGPºLI¶L$LBOIETM&L¶L corporate advisory services to arrange finance for big
*LGKEG:*L3LPLGLG5¶LE*LGKQLZVVHIBÈL*3LEK*LLVTPLZI$L.IWPMBKQVL Infrastructure Projects, which could not achieve commercial
*LGK¶LLTUVLWLTB HT3LRGPºLEI0¶LP-'LLEKVTETGZ EL8*LLTK; 7T MZLHELKMTPL B operation as envisaged at the time of their financial closure.
ÈOLVEKVT ELT LLG&LZGE¶LLULMET"ML'LHI>UHL GVUICG%P7I! Further, the Company was also planning to take steps for
KLVIG3LE*LXU B IEI0¶LP-'LLEIULVIH4>EB*LVIUT Z *L23LBLETWB3LY;3L providing corporate advisory services to the lenders and
MRÉLLK &LLY; ET &LLÉ¶L&L MT LOL3LLWLTB PB GL¶LLTB ET GZ EL8*LLTK; 7T borrowers through rectification route under JLF mechanism,
where the private equity/strategic capital is to be arranged.
MZLHELKMTPL BÈOLVEKVTHT3LREO&LN#LVTEI¶LLTUVL)LI$LVLKHI'LI"
WVTEMRÉLLKLTB WL4KMHLEFL4GO[EVIGSMGHSWLLLPLOIET6O[IDU7 With slew of reform and forward looking Central budget
coupled with supporting Monetary policy, of the Regulator
ET ML'LGPºLI¶LWL4KLT¶LK$LLULKLTB &LTB MELKL3&LEOAGrELTLWL¶LLH4"
Bank, there is a positive outlook in financial and Stock Markets.
*LI V$LIWLC; M ZCVMELKL3&LE)LLPVLWLTB ELZL)LN#LVT ET ÈG3L PNBISL is confident to get benefit of the positive sentiments
WLP-SH4WL4KGPºLI¶LPL;&LTBWL4K)LI$LTH3LKEKVTEIWLLL and hopeful to do better in FY’16. The Company was also in
EK3LI H4" &LQT7 $L4BEY PB *LRVY;#V MBPYLT ET WB3LY;3L ER/ PGKs process of strengthening its team through recruitment of some
WGÉLELGK¶LLTB EI )L3LI; ET &LLÉ¶L&L MT EB*LVI W*LVI 7I&L ELT &LU$LX3L senior officials under Merchant Banking and Restructuring
$LVLVT EI ÈG¹¶LL &LTB )LI KHI" GPºLI¶L $LLULK &LTB W*LVI OA¶L3LL ELT segments and is confident to get many more Merchant Banking
0¶LL*LE$LVLVTETGZ EB*LVIEC;WL4K&LQT7$L4BEYEL¶L;ÈL*3LHLTVT assignments to broaden its visibility in the financial market.
ETÈG3L)LIWLP-SH4"
The Company aims to blossom into an Investment Bank by
EGVPTL$L4E B ET*L&LTB GPEGM3LHLTVT ETZ\¶LETML'LEB*LVIM)LI offering the entire gamut of investment banking and corporate
ÈELKEIGVPTL$L4B EYWL4KEL8*LLTK; 7T *LKL&LL; MTPL B ÈOLVEKKHIH4> advisory services like venture capital advisory, project
U4MT ULTG<L&L*LXU B I*LKL&LL;>*LGK¶LLTUVL*LKL&LL; ¹¶LGP¹¶L*L\L*LKL&LL;> advisory, buy and sell-side advisory, accessing financial
*LXU
IUR7LVTETGZ GPºLI¶L$LLULKLTB ETN*L¶LLTY3L'LL*LRVY;#VEL*LKL&LL;" markets to raise capital and restructuring advisory.
.\LTLI¶LY[L&LIL$L4BE e. Regional Rural Banks

&LLQ;3LE>*LBUL$LV4LVZ$L4E B ^LKLÈL¶LLTGU3L\LTLI¶LY[L&LIL As on 31st March 2015, five RRBs, sponsored by Punjab
$L4E B LL<LLWLTB ETVT7PE;ETML'LGUZLTB &LTB *LL8Q B KL5¶LLT>B G$LHLK> National Bank, were operating in five States, namely, Bihar,
HGK¶LLLL>GH&LLQZÈOTL>*LBUL$LWL4KNºLKÈOTL&LTB EL&LEKKHT'LT" Haryana, Himachal Pradesh, Punjab and Uttar Pradesh
covering 74 districts with a network of 2144 branches.
CV\LTLI¶LY[L&LIL$L4E B LTB EIQRE3LL*LXU
I*L¶LT EKLT. KHI"ET6Ç
MKELK>KL5¶LMKELKWL4K*LI V$LIEIQRE3LL*LXU IEICV\LTLI¶LY[L&LIL The aggregate paid-up capital of these Regional Rural
Banks stood at ` 199.30 crore. Central Government, State
$L4EB LTB &LTB )LLYIOLKI¹&LLETWVR*LL3L&LTB H4"\LTLI¶LY[L&LIL$L4EB LTB EI Governments and PNB contributed in paid-up capital of
*LXU
I&LTB H&LLKT$L4E B ELWBLOLVEKLT. *L¶LTH4"H&LLKT\LTLI¶LY[L&LIL these RRBs in the ratio of 50: 15: 35 respectively. The Bank’s
$L4EB LTB EIMB¶LR%SGVPZMB*LGºL&LLQ;FTB ÈKLT. 'LI" contribution towards capital of these RRBs was ` 69.76 crore.
GPºLIPL;'15ETOL4KLVM&L-3L\LTLI¶LY[L&LIL$L4BELTBELERZELKLT$LLK The combined net worth of PNB sponsored RRBs as on March
2015 was ` 2809.85 crore.
*L¶LTEKLT.MT$LEK*L¶LTEKLT.HLTY¶LLH4ULT*L¶LT
EKLT. %
EIPAGOLL;3LLH4"ELTERZ During FY'15, the Aggregate Business of all RRBs increased from
U&LLKLGL3L'LLERZWGY[&L¹&LL*L¶LTEKLT. PL;OKPL; ` 40531 crore to ` 45630 crore showing a growth of ` 5099 crore
%
3L'LL *L¶LT EKLT. PL;OKPL; %
KHT" (12.58%). The Aggregate Deposits and Aggregate Advances
as on 31.03.2015 stood at ` 29194 crore (YoY 14.01%) and
ELT \LTLI¶L Y[L&LIL $L4BELTB EL ERZ LR ZL)L *L¶LT ` 16436 crore (YoY 10.13%), respectively. The Aggregate Net
EKLT. PL;OKPL; %
KHL" M)LI ÈL¶LLTGU3L \LTLI¶L Profit of the RRBs as on 31.03.2015 stood at ` 331.25 crore
Y[L&LIL$L4BEZL)L&LTBKHT" (YoY 9.05%). All the sponsored RRBs are in Profit.
CMWPGÉLETOL4KLV\LTLI¶LY[L&LIL$L4E B LTB ELERZ V*LI *L¶LTEKLT. The Gross NPAs of the RRBs stood at ` 692 crore (4.21% of
KHL" ERZWGY&LEL%
CMET WLYT ELT GVPZ Total Advances) during the period. Further, Net NPAs stood at
V*LI *L¶LTEKLT. GVPZWGY[FKLGLLTB EL%
KHL" ` 338 crore (i.e. 2.15% of Net Advances) as on 31.03.2015.
67
PL;ETOL4KLV\LTLI¶LY[L&LIL$L4BELTB^LKLVC;LL<LL B<LLTZIYC;'LI> During the year, 217 new branches were opened by RRBs,
GUMMTLL<LLWLTBELERZVT7PE;HLTY¶LLH4ULTM)LIMI$LI M taking the Total Network of branches to 2144 with all being
*LKH4WL4KE&L;QLGK¶LLTBEIERZMB<¶LLH4" on CBS and total numbers of employees stood at 8675.
SEÈÉLLV&LBLIUVÉLV¶LLTUVL *LI &LUT.IPLC;

ET3LH3L Progress in opening of accounts under Pradhan Mantri
>><LL3LT<LLTZTY 'LT>GUM&LTBMT>><LL3LLTB&LTB*LT.TG$L7 Jan Dhan Yojana (PMJDY) as on 31.03.15 was 23,88,792
accounts, out of which RuPay debit cards were issued in
EL.;ULKIGE Y "CV<LL3LLTB&LTB$LEL¶LLLTLÈKLT.KHL" 5,34,122 accounts. Balance outstanding in these accounts
WL$LBG73LPL.LTPN*LMTPL\LTLLTB M M
ETMPT;\LLM)LI\LTLI¶L stood at ` 354.9 crore. The survey of allotted wards & Sub
Y[L&LIL$L4BELTB^LKLM&L¶L*LKEKGZ¶LLY¶LL'LL" Service Areas (SSAs) was completed by all RRBs in time.
$L4BE^LKLÈL¶LLTGU3L\LTLI¶LY[L&LIL$L4BEW*LVT\LTLETWL'LEGPELMET The RRBs sponsored by the Bank actively participated in
GZ MG¹¶L)LXG&LELGV)LLKHTH4B"ELTK$L4BEYML8:¶LXLV MI$LI M
ET economic development of the areas of their presence. With
G¹¶LL6P¶LVET*L2Z-P*LY[L&LIL\LTLETY[LHE)LIVPIV3L&LÈL4]LTGYEI the implementation of Core Banking Solution (CBS), rural
ETZL)LÈL*3LEKKHTH4B"W3LGPºLI¶LM&LLPTLV¶LLTUVLET3LH3LYKI$L customers also received the benefits of latest technology, thus
Y[L&LILLTBELTNVETOKPLUT*LKMTPL BÈOLVEKLC;ULKHIH4B" providing services to the rural poor under Financial Inclusion
Plan at their doorsteps.
\LTLI¶LY[L&LIL$L4E B VWLKC;! VWLKWLT <LL3LL)LI<LLTZKHT H4"B M)LI\LTLI¶L
Y[L&LIL $L4E
B LTB &LTB Y[LHELTB ELT VC; *L27I> *LT .TG$L7 EL.; PB ETMIMI RRBs also opened NRE/NRO accounts. The facility of NEFT,
RuPay ATM cards & KCC cards, KIOSK banking solution (KBS)
EL.;>*L2LCVTGB L¶LZC6%ZXUV*ZLVET 3LH3LGE¶LL8-EET $L4B EYML8:¶LXLV
under Financial Inclusion Plan, Aadhaar Payment Bridge
ET$LI M
.I$LI7I ET 3LH3L WLÉLLK *LT&LT7B GD[U GM-7&L $LI*LI M
System (ABPS) under DBT, etc., were also being provided
C3¶LLGO EI MRGPÉLL B N*LZ$ÉL EKLC; UL KHI 'LI" $L4E B VT &LLQ; to customers in all the RRBs. The Bank achieved all the SOI
&LTB M)LI MWLTWLC; Z\¶L GPºL &LBLLZ¶L )LLK3L MKELK> .I *L2 M targets given by the Ministry of Finance, Govt. of India, DFS
^LKL$L4EB ELTGO Y
ELTJ[L*SGE¶LLH4"GUMEIG-'LG3LGV&VLVRMLKH4" to the Bank for March 2015.
ELT\LTLI¶LY[L&LIL$L4BELTBELEL¶L;GV*LLOV
Performance of RRBs as on 31.03.2015
KLGLEKLT.` &LTB

(Amt. In ` Crore)
¹MB \LTLI¶LY[L&LIL$L4BELTBEL &LLQ; &LLQ; ZT<LL PL;OKPL; S. No. Performance of RRBs Mar’14 Mar’15 YoY
EL¶L;GV*LLOV ZT<LL*LKIG\L3L
*LKIG\L3L
PAG% (Audited) (Audited) growth%
ERZU&LLKLGL¶LLB 1 Aggregate deposits 25607 29194 14.01
ERZWGY[&LKLGL¶LLB 2 Aggregate Advances 14924 16436 10.13
ERZLRZL)L 3 Aggregate Net Profit 304 331 9.05
MI$LI METWB3LY;3LLL<LL B % % 4 Branches under CBS 100% 100% -
ÈG3LE&L;QLKIZL)L *L¶LTZL<L&LT
B 5 Profit Per Employee (Rs lakh) 3.98 4.04 1.52
LL7T&LTBQZKHILL<LLWLTBEI No. of Loss Making 41 93 -
MB<¶LL &LLH*LRKLVI¶LL Branches (being 12 month
NMMTWGÉLEJRKLVI
old or more)
$L4BEELTÈL*3LWPL.; PB*LRK-ELK 20. Awards and Accolades

GPºLPL;ETOL4KLV*LI V$LIELTNMETEL¶L;GV*LLOVWL4K*LHZLTB During Financial Year 2015, in recognition of its performance and
ETGZ WVTE*LRK-EKÈL*3LHR GUM&LTB MTER/VIQTGO ULKHTH4B initiatives, PNB received various awards, some of which are:
q $LI*LI 6¶LXU ^LKL WY[LI GPºLI¶L M&LLPTLV *LHZ PLZT $L4BE HT3LR q BFSI Awards for Bank with leading Financial Inclusion
$LI *L2 MWLC;*LRK-ELK" Initiatives 2015 by ABP News.
q )LLK3LI¶L$L4BEMB L^LKLWLC;$LI $L4BEY74%VLTZL8UIWPL.; q IBA Banking Technology awards 2014-15 for the Bank
with “Best Risk Management Initiatives” by Indian Banks’
MP;+TsULTG<L&LÈ$LBÉLV*LHZ" Association.
q MLP;UGVEN]&LMB-'LLV>H4OKL$LLO^LKLEL*LLT;KT7M3LE;3LLN3²r3LL q Corporate Vigilance Excellence Award 2014-15 by Institute
*LRK-ELK of Public Enterprises, Hyderabad.
q WLC;$LI $L4BEYÈL4]LTGYEI*LRK-ELK??N3²rÈGL\LL q IBA Banking Technology Awards 2014-15 for the bank with
3L'LL&LLVPMBMLÉLV>C;ZVY*LHZ *LI M¶LX
)LLK3LI¶L$L4BEMB L “Best Training and Human Resources, e-Learning initiatives
^LKLG^3LI¶LN*LGPUT3LL (PSU)” -Second Runners Up by Indian Banks’ Association.
q ZLTEÈ$LBÉLVETGZ -EL8QGKVTM6MWPL.;EL4LZGPELMWL4K q Skoch Renaissanace Award for people management: Skill
Development & Employment generation – Certificate for
KLTUYLKMAUVMKLHVI¶L¶LLTYOLVETGZ È&LLL*LL" Commendable Contribution.
q Q4&$LM; WL8*L2 CBG.¶LV &LLC¹LT -&LLZ B. &LÉ¶L&L CB7KÈLCUTU ^LKL q MSME Banking Excellence Awards 2014- Best Bank for
&L M &LC;$L4BEYN3²r3LL*LRK-ELKGPºLI¶LM&LLPTLVHT3LR Financial inclusion -Runners Up by Chambers of Indian
MP;+Ts$L4BEN*LGPUT3LL" Micro Small and Medium Enterprises.
68
okf"kZd fjiksVZ
q $L4BEY »BG7¶LM; $L4BEY »BG7¶LM; *LGLEL ^LKL ÈTKLLOL¶LE q Banking Frontiers: Inspiring Work Place by Banking
EL¶L;-'LZ*LRK-ELK Frontiers Magazines.
q CBG-77_¶LX7WL8*L2.L¶LKT%7M; ^LKLYLT:.V*LIEL8EELKLT$LLKN3²r3LL q Golden Peacock Business Excellence Award 2014 by

*LRK-ELK Institute of Directors.
q CBG-77_¶LX7WL8*L2.L¶LKT%7M; ^LKLYLT:.V*LIEL8EVPLT6&LTLIN3*LLO! q Golden Peacock Innovative Product/Service Award 2014
MTPLWPL.; by Institute of Directors.
q 0¶LL*LLKMTPLWLTBEI*L2T.KTLV^LKLÈÉLLV&LBLIUVÉLV¶LLTUVLET q Pradhan Mantri Jan Dhan Yojana Awards for Excellence by
GZ N3²r3LL*LRK-ELK Federation of Trade Services.
q *LI M¶LX*LRK-ELKC;Z47_M7T%VLTG&LG.¶LLÈLGZ^LKLGPºLI¶LM&LLPTLV q PSU Awards – Financial Inclusion and Payment Systems
WL4K)LRY3LLVÈLLZI*LRK-ELK Award by Elets Technomedia Pvt. Ltd.
GVOTLE&LB.Z 21. Board of Directors

ELT *LXL;ELGZEGVOTLELTB W'LL;3LÈ$LBÉLGVOTLEWL4K As on 31.03.2015, there were 8 Directors on the Board of the
&LR<¶LEL¶L;*LLZEWGÉLELKIWL4KOLTEL¶L;*LLZEGVOTLEMGH3L$L4BEET Bank including 3 whole time Directors i.e. Managing Director
& Chief Executive Officer and two Executive Directors. During
$LLT.;&LTBGVOTLE'LT"GPºLPL;ETOL4KLVGV&VGZG<L3L*LGKP3L;VLTB FY’15, the following changes took place in the composition of
VTGVOTLE&LB.ZEIMBKQVL&LTBUYHZIH4" Board of Directors:
q +IETWLKEL&L3LVT GOVLBEELT W*LVT *LLBQPLLT EL q Shri K. R. Kamath demitted the office of Chairman &
EL¶L;ELZGOVLBEELT*LXKLHLTVT *LK*LO3¶LLYEKGO¶LL'LL" Managing Director of the Bank w.e.f. 28.10.2014 on
completion of his tenure of five years on 27.10.2014.
q )LLK3LMKELKET &LVLTVI3LGVOTLEET *L&LTB +IKLUTLWY[PLZ
q Shri Rajesh Aggarwal was appointed in place of Shri
ELT+IWVRKLYU4VET-'LLV*LKGOVLBEMT$L4BEET
Anurag Jain as Government of India Nominee Director on
$LLT.;&LTBGV¶LR%SGE¶LLY¶LL" the Board of the Bank w.e.f. 29.01.2015.
q +IYL4KILBEK>EL¶L;*LLZEGVOTLEELTMT3LIV&LHIVT q Shri Gauri Shankar, Executive Director entrusted with
EIWPGÉLETGZ $L4BEETÈ$LBÉLGVOTLEWL4K&LR<¶LEL¶L;*LLZE additional Charge of the Managing Director & Chief
Executive Officer of the Bank for a period of three months,
WGÉLELKIELWG3LGK%SÈ)LLKML4B*LLY¶LL" assumed charge of the office w.e.f. 09.02.2015.
q GPºLI¶LPL; ET OL4KLV +I$LI$LIQL4ÉLKI>+I &L WB3LRZT q Shri B.B. Chaudhry, Shri M.A. Antulay, Shri M.N. Gopinath
+I &L VYLT*LIVL'LWL4K+I.IETMYZL>GVOTLELTB VT $LLT.; &LTB and Shri D.K. Singla, Directors completed their tenure on
W*LVLEL¶L;ELZ*LXKLEKGZ¶LLH4" the Board of the Bank during FY'15.
q Dr. Sunil Gupta and Smt. Aradhana Misra, Directors
q GPºLI¶LPL;ETOL4KLV.L8MRVIZYR*3LLWL4K+I&L3LIWKLÉLVL resigned from the Board of the Bank during FY'15.
G&L+L>GVOTLELTBVT$L4BEET$LLT.;MTC-3LIJ2LOTGO¶LLH4" The Board wishes to place on record its appreciation for the
$LLT.;+IETWLKELFS>MI F.I>+IWVRKLYU4V>+I$LI$LIQL4ÉLKI> valuable contribution made by Shri K.R. Kamath, CMD, Shri
+I &L WB3LRZ>T +I&L3LIWKLÉLVLG&L+L>.LMRVIZYR*3LL>+I F V Anurag Jain, Shri B.B. Chaudhry, Shri M.A. Antulay, Smt.
Aradhana Misra, Dr. Sunil Gupta, Shri M.N. Gopinath and
YLTJIVL'LWL4K+I.IETMYZL>GVOTLELTB ETDHRF:X LTYOLVETGZ Shri D.K. Singla, Directors.
NVEIJ[LBMLEKSLH4"
22. Directors’ Responsibility Statement
GVOTLELTBETNºLKOLG¶L3PEL$¶LL4KL
The Directors confirm that in the preparation of the annual
&LLQ;ELTM&LL*3LHR PLLEZT<LLTBEI3L4¶LLKI&LTBGVOTLEYL accounts for the year ended March 31, 2015:
*LRGrEK3LTH4BGE
q The applicable Accounting Standards have been followed
q FH3PJXL; GPQZV ¶LGO ELTC; HLT> ET MB$LBÉL &LTB NGQ3L -*LrIEKL along with proper explanation relating to material
MGH3LZLYXZT<LL&LLVELTBEL*LLZVGE¶LLY¶LLH4" departures, if any;
q )LLK3LI¶L GKuLP; $L4BE ET GOLLGVOT;LLTB ET WVRMLK $LVLC; YC; ZT<LL q The accounting policies, framed in accordance with the
guidelines of the Reserve Bank of India, were consistently
VIG3L¶LLTBELGVKB3LKWVR*LLZVGE¶LLY¶LLH4" applied;
q $L4BE^LKLELKLTDLKEL0PG-'SWLQKLMRGVGQSEKVTETGZ q Internal financial controls have been laid down by the
WLBSGKEGPºLIGVBLLGVÉLL;GKSGELYLH4" Bank for ensuring orderly conduct of business;
q Reasonable and prudent judgment and estimates were
q ¶L'LLTGQ3L PBGPPTE*LXL;GVL;¶L3L'LLWLBEZVGE Y H4B 3LLGEGPºLI¶L made so as to give a true and fair view of the state of affairs
PL;ETWB3L&LTB $L4E
B ETEL¶LLT EIG-'LG3LELT3L'LL&LLQ;ELT of the Bank at the end of the financial year and of the profit
M&LL*3LHR PL;&LTB $L4E
B ETZL)LELTMHI PB-*LrOLL;¶LLULMET" of the Bank for the year ended March 31, 2015;
69
q )LLK3L&LTB$L4BELTBETMBQLZV*LKZLYXELVXVLTBETÈLPÉLLVLTBETWVRMLK q Proper and sufficient care was taken for the maintenance
*L¶LL;*3LZT<LLWG)LZT<LLTB ELT NGQ3L-'LLV3L'LL*L¶LL;*3LMLPÉLLVIMT of adequate accounting records in accordance with the
provisions of applicable laws governing banks in India,
$LVL¶LLY¶LLH4>3L'LL and
q <LL3LLTBELT?YLTCBYE6MV;WLÉLLGK3LGMLB3L*LK3L4¶LLKGE¶LLY¶LLH4" q The accounts have been prepared on the principle of
“going concern” basis.
WL)LLK
23. Acknowledgement
$LLT.;$LHR&LX:¶LMH¶LLTY>M3L3L_MBK\LLWL4K$L4BE&LTBW*LVLGPPLM$LVL The Board expressed thanks to the Government of India,
K<LVTETGZ )LLK3LMKELK>)LLK3LI¶LGKuLP;$L4BE>)LLK3LI¶LÈG3L)LXG3L PB Reserve Bank of India, Securities and Exchange Board of
GPGV&L¶L$LLT.;>-7L8E %MQTBU>$L4BEETY[LHELTB>UV3LL3L'LLLT¶LKÉLLKELTB India, Stock Exchanges, Bank’s customers, Public and the
ELWL)LLKIH4" shareholders for valuable support, continued patronage and
confidence reposed in the Bank.
$LLT.; $L4BE ET M)LI -3LK ET -7L*L2 MO-¶LLTB ^LKL GE Y $LHR&LX:¶L
¶LLTYOLVHT3LR NVEIÈLBMLEK3LLH4 3L'LL)LLPIZ\¶LLTB ELT ÈL*3LEKVT The Board wishes to place on record its appreciation for the
&LTBNVEIGVKB3LKMH)LLGY3LLEIWLLLEK3LLH4" valuable contribution made by the staff of the Bank at all levels
and look forward to their continued involvement in achieving
the future goals.
²3LTGVOTLE&LB.Z For and on behalf of Board of Directors
YL4KILBEK
(Gauri Shankar)
È$LBÉLGVOTLE PB&LR<¶LEL¶L;*LLZEWGÉLELKI Managing Director & CEO
70
okf"kZd fjiksVZ
È$LBÉLVGP&LL;WL4KGPZTLL MANAGEMENT DISCUSSION AND ANALYSIS

ELKLT$LLK PBWL'LEPL3LLPKL: BUSINESS & ECONOMIC ENVIRONMENT:
GPºLI¶LPL;)LLK3LI¶LW'L;0¶LP-'LLETGZ W1/LKHL>GUM&LTB GPELM The Financial Year 2014-15 augured well for the Indian economy
indicating improvement in the growth parameters. Gross Domestic
*L4KL&LI7KLTB &LTB MRÉLLKETMBE3T LKHT"GPºLI¶LPL;ETGZ $LLULKEI&L3LLTB *LK Product (GDP) at Market Prices (as per the New Methodology for
UI.I*LIEIMBYLVLETGZ VC;ÈLLZIETWVRMLK
MEZ LKTZX N3*LLO computation of GDP) for FY’15 was estimated to grow at 7.5%
UI.I*LI
GPºLI¶LPL; &LTB OU; %WL4KGPºLI¶LPL; &LTB OU; (1st Bi-monthly Monetary Policy, FY’16 by Reserve Bank of India)
%EIPL-3LGPEPAGEI3LRZVL&LTB % )LLK3LI¶LGKuLP; $L4E B ^LKL compared to an actual growth of 6.9% recorded in FY’14 and
5.1% in FY’13. This expected uptick in GDP growth for FY’15 was
È'L&LG^&LLGME&LL4GÇEVIG3L>GPºLI¶LPL;
EIPAGELWVR&LLV'LL" backed by improvement in the domestic policy environment and
GPºLI¶LPL;ETGZ UI.I*LIPAG&LTB CMÈ3¶LLGL3LPAGEI*LAs)LXG&L&LTB investment scenario.
LKTZX VIG3LY3LPL3LLPKL PBGVPTL*LGKOA¶L&LTB WL¶LLMRÉLLK'LL"
WL4]LTGYEPAG&LTBMELKL3&LE*LGKP3L;V: Positive Turnaround in Industrial Growth:
WL4]LTGYEN3*LLOVMXQELBE WLC;WLC;*LI
^LKL&LX:¶LLBGE3LOTLELWL4]LTGYE Industrial growth of the country measured by Index of Industrial
Production (IIP) was better in FY’15 compared to that of FY’14.
GPELMGPºLI¶LPL; EI3LRZVL&LTB GPºLI¶LPL; &LTB $LTH3LKKHL" Though the monthly IIP growth rates were good in the FY’15,
¶L]G*L&LLGMEWLC;WLC;*LIPAGOKGPºLI¶LPL;&LTBW1/IKHI>PAG movement of growth rates didn’t firm up till Q3 of FY’15. The
OKEIYG3LGPºLI¶LPL; EI3LIMKIG3L&LLHI3LEMROA VHIB HLT *LLC; cumulative industrial growth from April 2014 to March 2015
stood at 2.8% compared to (-) 0.1% during the same period last
WÈ4ZMT&LLQ;3LEMBQ¶LIWL4]LTGYEPAGG*L/ZTGPºLI¶LPL;
financial year.
EICMIWPGÉLETOL4KLV
%EI3LRZVL&LTB%KHI"
WLC;WLC;*LIET3LIV\LTLLTB W'LL;3L<LVV>GPGV&LL;L PBGP]R3L&LT>B GPGV&LL;L\LTL&LTB Among three segments of IIP i.e. Mining, Manufacturing and
Electricity, production in Manufacturing sector which has weight
N3*LLOV>GUMELWLC;WLC;*LI&LTB ZY)LY%EL)LLKH4>¹G&LE*LMTGPºLI¶L of around 75% in IIP gradually picked up in FY’15 and recorded
PL;&LTB $LY¶LLWL4KCMVTG*L/ZTPL;EICMIWPGÉLETOL4KLV% a growth rate of 2.3% as compared to a negative growth of 0.8%
EIVELKL3&LEPAGEI3LRZVL&LTB GPºLI¶LPL;&LTB %EIPAGOK during the corresponding period last year. Positive growth of
OU;EI"*LXUB IY3LP-3LR\LTL&LTB $LTH3LKPMXZI^LKLGPGV&LL;L\LTLEIMELKL3&LE Manufacturing sector driven by good recovery in the Capital goods
sector was a sign that the industrial production would be better in
PAGCM$LL3LELMBE3T L'LIGEWL4]LTGYEN3*LLOVGPºLI¶LPL;&LTB $LTH3LK FY’16 which would create business opportunities for the banking
HLTYLGUMMT$L4B EY\LTLETGZ ELKLT$LLKETWPMK*L4OLHLTYB "T sector.
VK&L&LRÇL-¾2IG3L: Moderating Inflation:

N1Q&LRÇL-¾2IG3LG*L/ZTER/PLLT MT)LLK3LETWL'LEGPELM&LTB E&LR<¶L$LLÉLL High Inflation has been one of the major hindrances in economic
growth of India for the past couple of years. The Reserve Bank of
KHIH4")LLK3LI¶LGKuLP;$L4E
B WLK$LIWLC;
VTZYL3LLKW*LVIWP-¾2IG3LEVIG3L India (RBI) continuously maintained its disinflationary policy stance
G-'LG3L$LVL K<LIH4 WL4KN*L)LLT%SL&LX:¶LMXQELBE MI*LIWLC;
ELT GV¶LBGL3L and was able to contain Consumer Price Index (CPI) which was the
K<LLH4ULT)LLK3L&LTB %MTE&LELV¶LL&LRÇL-¾2IG3L$LTQ
B &LLE; &LLQ;ET new inflation benchmark in India below 6% (at 5.25% for March
GZ %
'LL"WLK$LIWLC;VTMI*LIWLC;ELTUVPKI3LE%MTE&L 2015). RBI had targeted to keep CPI below 8% by January 2015 and
below 6% by January 2016. While CPI has been moderating during
3L'LLUVPKI3LE%MTE&LEKVTELZ\¶LK<LLH4"¶L]G*LHLZET the recent past, Wholesale Price Index (WPI) has been treading in
OL4KLVMI*LIWLC;VK&LHRWLH4>'LLTE&LX:¶LMXQELBE .$ZX*LIWLC;
G*L/ZT3LIV negative territory during last three months till March 2015.
&LHIVLTB ETOL4KLV&LLQ;3LEVELKL3&LE\LTL&LTB QZKHLH4"
E1QT3LTZEIEI&L3LLTB &LTB GYKLP7>VK&LP4GPE PB LKTZX *L¶LEI&L3LTB 3L'LLE&LULTK Fall in the crude oil prices, moderate global and domestic
LKTZX &LLBYGPºLI¶LPL;&LTB MI*LIWLC;&LTB VK&LIET&LH3P*LXL;ELKLKHT" commodity prices and weak domestic demand were the important
reasons for moderation in CPI in FY’15.
E&LHLT3LLOLTHKL LL7L3L'LLG-'LKGPGV&L¶LOK: Easing Twin Deficit and Stable Exchange Rate:

ML&LL6¶L3L¶LLOLTHKT LL7T ET *L&LTB WG)L,L3LGPºLI¶L LL7L3L'LLQLZX <LL3LL Fiscal Deficit and Current Account Deficit (CAD) commonly known
LL7L MI .I
W6¶LWL'LE L7ELTBETML'LNVETWB3LMB$LBÉLLTBELTÉ¶LLV as Twin Deficit are important components of policy priorities of
Govt. and RBI respectively considering their interconnectedness
&LTB K<L3LT HR ¹&LLMKELK3L'LLWLK$LIWLC; EIVIG3LÈL'LG&LE3LLWLTB ET with other economic factors.
&LH3P*LXL; L7EH4B"
Fiscal Deficit at 4.5% for FY’14 remained high which was one
GPºLI¶LPL;ETGZ %ELGPºLI¶L LL7LN1Q$LVLKHLULT*LXKT GPºLI¶L of the reasons of high interest rate throughout the financial year.
PL;ETOL4KLVN1Q$¶LLUOKEL EELKLKHL"3L'LLG*L>GPºLI¶LPL;&LTB However, in FY’15 the Govt. was expected to garner good amount
ELT¶LZL$ZL8EWLPB7V>7TGZEL8&L-*LT%7&LVIZL&LIWL4KMLP;UGVE\LTL¶LXGV7LTB of revenue from Coal Block allocation, Telecom Spectrum Auction
71
&LTB MKELKEIHLT:.YETGPGVPTLMTMKELKELTWGÉLEKLU-PMBYH[ LEI and divestment of Govt.’s holdings in the Public Sector Units.
WLLLH4"CV±LT3LLTB MTWLVTPLZLWVR&LLGV3LKLU-PGPºLI¶LPL;&LTB GPºLI¶L The revenue expected to come from these sources would help in
restraining Fiscal Deficit at around 4.1% in FY’15.
LL7TELTZY)LY%*LKGV¶LBGL3LK<LVT&LTB MHL¶L3LLEKTYL"
GPºLI¶LPL;ETVL4&LLHETGZ )LLK3LELQLZX<LL3LL LL7L MI .I
India’s Current Account Deficit (CAD) for 9M of FY’15 narrowed
GPºLI¶L PL; ET VL4 &LHIVT ET ¶LX M$ G$LGZ¶LV UI.I*LI EL to US$ 26.2 bn (1.7% of GDP) from US$31.1 bn (2.3% of GDP)
for 9M FY’14. The reduction in the CAD in 2014-15 was primarily
%
MT L7EK¶LX M$G$LGZ¶LV UI.I*LIEL%
HLTY¶LL"PL; on account of fall in the crude oil prices and positive net exports
&LTB MI .I&LTB E&LI&LR<¶L3L¶LLE1QT 3LTZEIEI&L3LLTB &LTB GYKLP7 of services.
3L'LLMTPLWLTBETMELKL3&LEGVPZGV¶LL;3LLTBETELKL'LI"
GV¶LBGL3LMI .I LKTZX&LRÇLEIG-'LKGPGV&L¶LOKETGZ EWGVPL¶L;3LLH4" Controlled CAD is a sin- qua-non for stable exchange rate of
domestic currency. The exchange rate of Indian Rupee (INR)
¶LX M$EI3LRZVL&LTB)LLK3LI¶L*L¶LT WLC; VWLK
EIGPGV&L¶LOKWGÉLELBL vis-à-vis US$ remained almost stable below Rs 63/US$ for most
GPºLI¶LPL;ETGZ `!¶LX M$MTE&L*LKG-'LK$LVIKHI"¶LX M$ of the period in FY’15. A robust foreign exchange reserve of
G$LGZ¶LVETMROAGPOTLI&LRÇL)LB.LKVT)LLK3LI¶LGKuLP;$L4BEETGZ USD 341 billion also created enough room for RBI to intervene
GPGV&L¶LOKELTNGQ3L-3LK3LE*LHRBQLVTEIWLP¶LE3LL*L.VT*LKGPOTLI in the forex market in case of need to have a reasonable level
of exchange rate.
GPGV&L¶L$LLULK&LTBH-3L\LT*LEKMEVTEIMB)LLPVL$LVLC;
ML'LHI>È3¶L\LGPOTLIGVPTL ¾2.IWLC;
*LKGPºLI¶LPL;&LTBMKELK Further, policy reforms announced by the Govt. in FY’15 on Foreign
^LKL LLTGL3LVIG3LY3LMRÉLLKWGÉLEGPOTLI&LRÇLWLEL3LEKTBYT ULT MI .I Direct Investment (FDI) will attract more foreign exchange which
will keep CAD within tolerance level as well as remain supportive
ELT MHVT ¶LLT9¶L-3LKET WBOKK<LTYL3L'LL)LGP¶L&LTB WL'LEGPELMET to the economic growth in future.
GZ MHL¶LEHLTYL"
WLYT> GPºLI¶L PL; ET GZ WL'LE GPELM &LTB MRÉLLK EI WLLL H4" Going forward, economic growth for FY’16 is expected to
improve. IMF projects India to be the fastest growing economy
WLC; &L ¾2)LLK3LELTM$LMT3LTUIMTGPEGM3LHLT3LIW'L;0¶LP-'LLET*L&LTB OT<L shortly overpowering China. GDP growth for FY’16 is expected
KHLH4ULTLI L[HIQIVELT)LI*LI/T/LT. OTYI"GPºLI¶LPL;ETGZ to be around 8% with manufacturing sector to be the major driver
UI.I*LIPAGZY)LY%KHVTELWVR&LLVH4GUM&LTB GPGV&LL;L\LTLUI.I*LIEL of GDP. Further, inflation is expected to remain in tolerable levels
&LR<¶L L7EHLTYL"ML'LHI>&LRÇL-¾2IG3LETMHVLIZ3LLET-3LK&LTB $LVTKHVTEI which help in pulling down interest rate to aid the economic
growth. CAD and Forex reserve are already at comfortable levels.
WLLLH4ULTWL'LEGPELM&LTB MHL¶L3LLHT3LR$¶LLUOKELTE&LEKVT&LTB &LOO Govt.’s resolve to reduce Fiscal Deficit and progressive policy
EKTYL"MI .I3L'LLGPOTLI&LRÇL)LB.LK*LHZTHIN*L¶LR%S-3LK*LKH4"B GPºLI¶L LL7T measures may help in creating a healthy business environment in
ELTE&LEKVTELMKELKELMBE:*L3L'LLÈYG3LLIZVIG3LY3LN*LL¶LLTB MTGPºLI¶L FY’16.
PL;&LTB OR-3LELKLT$LLKPL3LLPKLN3*L£EKVT&LTB &LOOG&LZTYI"
$L4BEYYG3LGPGÉL¶LLB: BANKING DEVELOPMENTS:
CM 3L'¶L ET $LLPUXO GE GPºLI¶L PL; &LTB )LLK3LI¶L W'L;0¶LP-'LL &LTB Despite the fact that Indian economy made a turnaround in
EL¶LL*LZ7HRC; H4>¶LHPL; *LXP;P3LI; OLT GPºLI¶LPLLT EI)LLBG3LHI$L4BEY FY’15, the year remained challenging for the banking sector
like previous two financial years. Normally, there remains a lag
\LTLET GZ QRVL43LI*LXL; $LVLKHLML&LL6¶L3L¶LLWL'LEMRÉLLKWL4K$L4BELTB ET between the economic improvement and its actual reflection in
3LRZV*LLLTB&LTBCMETPL-3LGPEGQLLET$LIQER/WB3LK$LVLKH3LLH4"CM banks’ balance sheets. In this backdrop, profitability remained
*LAs)LXG&L&LTB>$L4BELTBET$LEL¶LLLLTB*LKN1QÈLPÉLLVLTBWL4KLLB3LLPAG under stress on account of higher provisioning on banks’
delinquent loans and muted credit growth. However, a number
ETELKLZL)LÈO3LL*LKO$LLP$LVLHRWLH4"3L'LLG*L>GPºLI¶LPL;ET of reforms were undertaken by both the Govt. and Reserve Bank
OL4KLVMKELK3L'LL)LLK3LI¶LGKuLP;$L4BE^LKLEC;MRÉLLKGE Y H4B" of India during FY’15.
ER/&LH3P*LXL; MRÉLLKLTB ELNÎT¶L$L4E B LTB &LTB GVYG&L3LWGÉLLLMV&LTB MRÉLLK>GPºLI¶L Some of the important reforms were aimed at improvement
M&LLPTLVEILRWL3L>)LRY3LLVPZ LR$L4E B EIZLCMTMY3L'LLMLP;UGVE\LTLET in Corporate Governance in Banks, Introduction of Financial
Inclusion, Licensing of Payment and Small Bank and change in
$L4E
B LTB ET*LRV*LXU
B IEKL&LLVOB.LTB &LTB *LGKP3L;VWLGOKHL"¶LTMRÉLLKL3&LEN*LL¶L$L4B EY the norms of Recapitalization of PSBs etc. These reform measures
*LGKOA¶LELT MELKL3&LE*LMT È)LLGP3LEKME3LT H4B WL4K)LLK3LI¶L$L4E B LTB ELT may positively impact the banking landscape and make Indian
WGÉLE&LuL$LX3L>WGÉLEERLZ>WL3&LGV)L;KPWGÉLEZQIZL$LVLME3LTH4"B banks stronger, more efficient, self-reliant and more resilient.
q Sound Market and Liquidity Scenario:
q MROA$LLULK3L'LLW'L;MRZ)L3LL*LGKOA¶L:
GPºLI¶LPL; &LTB &LRÇL PB *LXUB I$LLULKOLTVLTB HIWVREZ X $LVT KHT" Both the Money Market and Capital market remained
favourable in FY’15. Liquidity scenario of the banking
WLK$LIWLC;^LKLMG¹¶LW'L;MZ R )L3LLÈ$L6ÉLVET&LLÉ¶L&LMT$L4B EYÈLLZI system remained comfortable throughout the financial
ELW'L;MZR )L3LL*LGKOA¶L*LXKT GPºLI¶LPL;ETOL4KLVW1/L$LVLKHL"L year via active liquidity management by RBI. The credit
72
okf"kZd fjiksVZ
PAG ELT %EIPL;OKPL; PAG

*LXKT GPºLI¶LPL; growth remained muted throughout FY’15 (YoY growth of
ET OL4KLV LLB3L $LVI KHI U$LGE U&LLKLGL¶LLB ELT 9.7% as 20.03.2015) whereas deposit grew (YoY growth
of 11.4% as on 20.03.2015) at a comparatively better rate
%EIPL;OKPL; PAG
3LRZVL3&LE*LMT $LTH3LKOKET ML'L contributing to comfortable liquidity in the system. The
$LIB GUMMT ÈLLZI&LTB W1/IW'L;MZ R )L3LL$LVIKHI"GPºLI¶LPL; market for commercial paper (CPs) picked up momentum
EIQL4'LIG3L&LLHI&LTB % PL;OKPL;
EIPAGMTPLGLG5¶LE*LL during Q3 and Q4 with issuances of CPs growing at 49%
ULKIGE ULVTMTPLGLG5¶LE*LLLTB MI*LI
ET$LLULK&LTB 3LIMKIPQL4'LI (y-o-y) in Q4 FY’15. Activity in the corporate bond market
G3L&LLHIET OL4KLVYG3LWLC;"GVYG&L3L$LLB.$LLULKEIYG3LGPGÉL¶LLTB &LTB )LI also gathered pace in Q3 and Q4. Raising of funds through
3LIMKIPQL4'LIG3L&LLHI&LTB YG3LWLC;"PLGLG5¶LE*LLLT>B GVYG&L3L$LLB.LT PB CPs, Corporate Bonds and External Commercial Borrowings
(ECBs) etc substituted bank credit leading to subdued bank
$LLÂPLGLG5¶LELLTB C;MI$LI
WLGOET&LLÉ¶L&LMTGVGÉL¶LLBUR7L ULVTVT credit growth in FY’15.(source: Monetary Policy Report
$L4E
B LLTB ELTÈG3L-'LLG*L3LGE¶LLGUMMTGPºLI¶LPL;&LTB $L4E
B LLTB &LTB April 2015, RBI)
ÉLI&LIPAGHRC"; °LT3L&LL4GÇEVIG3LGK*LLT7; WÈ4Z>WLK$LIWLC;

MKELKIÈG3L)LXG3L UIMTE
$LLULK&LT>B ÈG3L¾2ZGPºLI¶LPL; ET In the Government securities (G-sec) market, yields softened
WLKB)LETZY)LY%MT&LLQ;ETWB3L3LEZY)LY%HLTY¶LL> from around 9% at the beginning of FY’15 to around 7.80%
by the end of March 2015 mainly because of low crude oil
GUMET&LR<¶LELKLE1QT3LTZEIE&LEI&L3LT>B VK&L&LRÇL-¾2IG3L>¾2T.OK prices, moderating inflation, deferment of Fed rate hike and
PAGEL-'LYV3L'LL$LTH3LKGPOTLIMB-'LLY3LGVPTL ¾2WLC;WLC;
WB3LPL;H good Foreign Institutional Investment (FII) inflow. However,
KHTH4"B 3L'LLG*L>WLK$LIWLC;^LKLMLBGPGÉLEQZGVGÉLWVR*LL3L M ZWLK
gradual reduction of Statutory Liquidity Ratio (SLR) by RBI
from 23% at the beginning of the FY’15 to 21.5% resulted into
ELT GPºLI¶LPL; ET WLKB)L&LTB %MT ÉLIKTÉLIKT L7LEK% marginal inching up of yields. Softening of G-sec yield helped
GE ULVTMTÈG3L¾2Z&LTB &LL&LXZIPAGHRC"; UIMTEÈG3L¾2ZEIVK&LIMT the banks to garner sizable income from treasury operations.
$L4E
B LTB ELT7U
T KI*LGKQLZVLTB MT*L¶LL;*3LWL¶LÈL*3LEKVT&LTB MHL¶L3LLG&LZI"
q &LL4GÇEVIG3LOKLTB&LTBE&LIELWLKB)L: q Beginning of southward movement in Monetary Policy
Rates:
WLK$LIWLC; ^LKL W*LVLC; YC; GP-¾2I3LI¶L &LL4GÇE VIG3L VT GPºLI¶L PL;
Disinflationary monetary policy followed by RBI, kept policy
EIQL4'LIG3L&LLHIEILRWL3L3LEVIG3LY3LKT*LLT OKELT N1Q repo rate elevated till early fourth Quarter of FY’15. RBI
$LVL K<LL"WLK$LIWLC;VTKT*LLTOKELTUVPKIWL4K&LLQ; slashed Repo Rate twice by 25 bps each on 15th January and
ELTOLT$LLK>È3¶LTE$LLK$LI*LI MEIE&LIETML'L>3L$L L7L¶LLU$L 4th March 2015 when it realized that inflation was moderating
CMVTWVR)LPGE¶LLGE&LRÇL-¾2IG3L-'LLC;*LMTVK&LHLTKHI'LIWL4K sustainably and also some credible actions towards reducing
GPºLI¶L LL7TELTE&LEKVTETGZ MKELK^LKL)LIER/GPPMVI¶L Fiscal Deficit were taken by the Govt. Before 50 bps reduction
ELK;PLC;EIYC;'LI"VIG3LY3LKT*LLTOK&LTB$LI*LI MEIE&LIET$LLO> in policy Repo Rate, banks reduced their deposit rates in
December 2014 and January 2015 to realign them with
$L4BELTBVTGOMB$LK3L'LLUVPKI&LTBW*LVIU&LLOKLTBELTE&L moderation in inflation. Post repo rate reduction many banks
GE¶LLGUMMTC6HTBVK&LHLT3LI&LRÇL-¾2IG3LETWVR*L$LVL¶LLULMET" reduced their Base Rates.
q WVU;EWLG-3L¶LLB V*LI
: q Non-Performing Assets (NPA):
GPY3LER/PLLT&LTBWL'LEPAGÉLI&LI$LVIKHVTMT$L4BELTBEL V*LI With economic growth remaining subdued for past couple of
years, NPA level of the banks also remained elevated. Cash
-3LK)LIWGÉLE$LVLKHLH4"$L.IMB<¶LL&LTB#*L*LGK¶LLTUVLWLTBETELKL flows into the banks got blocked because of high number
$L4BELTB&LTBVEOIELÈPLHWP$LVLHRWLH4"GOM&$LKETWB3L of stalled projects. The stock of stalled projects at the end of
&LTB#*L*LGK¶LLTUVLWLTBEL-7L8E`ZL<LEKLT.W'LPLUI.I*LIEL December 2014 stood at Rs 8.8 lakh crore or 7 per cent of
ÈG3LL3LKHL" °LT3L:ELWL'LEMPT;\LL
GDP. (Source: Economic Survey 2014-15)
$L4BELTB> GPLTLEK MLP;UGVE \LTL ET $L4BELTB> ET 3LRZV *LL &LTB V*LI The stock of NPAs in the balance sheet of the banks especially
EL-7L8EGPY3LER/PLLT&LTB$L3LLKHLH4GUM&LTBÈ3¶LTEG3L&LLHIET of PSBs were on the rise over past couple of years with
V V*LI ET ML'LWL4KPAGHLT UL3LIH4"ERZMEZWGY[&LLTB EI addition of fresh slippages each quarter. The Gross Non-
Performing Advances (GNPAs) of Scheduled Commercial
ÈG3LL3L3LLET*L&LTBWVRMXGQ3LPLGLG5¶LE$L4BELTB MMI$LI
ETMEZ Banks (SCBs) as a percentage of the total Gross advances
WVU;EWGY[&L UI V*LI
&LLQ;ET%MT$LEKGM3LB$LK increased to 4.5% in September 2014 from 4.1% in March
&LTB %HLT Y "O$LLPY[-3LWGY[&L V*LI *LRVY;G#3L
&LLQ; 2014. Stressed advances (NPA+Restructured) increased to
10.7% of the total advances from 10.0% between March
WL4KGM3LB$LKET$LIQERZWGY[&LLTBET%MT$LEK% and September 2014. PSBs continued to record the highest
HLT Y "W*LVT ERZWGY[&LLTB ET %ET ML'LMLP;UGVE\LTLET level of stressed advances at 12.9% of their total advances
$L4BELTBVTO$LLPY[-3LWGY[&LLTBELN1Q3L&L-3LKOU;GE¶LLGUMEL&LR<¶L mainly because of their high exposure in infrastructure
ELKL$LRGV¶LLOILBQT&LTBNVELN1Q %M*LLTUKKHLULTGM3LB$LK which stood at 17.5% of their Gross Advances as on
September 2014.
&LTBNVETMEZWGY[&LLTBEL%KHL"
73
$L4BEEI)LLPIELKLT$LLK¶LLTUVL: Future Business Plan of the Bank:
GPºLI¶LPL;$L4E B ETGZ QRVL43LI*LXL;'LL"3L'LLG*L>M&L-3L-7L¾2ETML&LXGHE FY’15 was a challenging year for the Bank. However, with collective
efforts of all the staff and through proactive strategies, the bank was
È¶LLMLTB PBWY[MG¹¶LKLVIG3L¶LLTB ETML'L$L4E
B CVQRVL4G3L¶LLTB MTGV*L7VT&LTB M\L&LKHL" able to meet these challenges. PNB stood number one in Domestic
GPºLI¶LPL;&LTB *LI V$LI LKTZX ELKLT$LLK&LTB È'L&L GVK*LT\LOAGrMT
KHLWL4K Business (in absolute terms) and in terms of profitability, it recorded
ZL)LÈO3LLEIOAGrMTCMVTM&LE\LLTB ET$LIQMPL;GÉLE*LGKQLZVZL)LOU;GE¶LL" highest Operating Profit among the peers in FY’15. Similarly, the
CMIÈELK>$L4E B GPºLI¶LPL;ETGZ %ELMROA VWLC; &LDVL bank could maintain a strong NIM of 3.15% for FY’15. The Capital
K<LMEL"GPºLI¶LPL;ETGZ $L4E B ELULTG<L&L)LLGK3LWLG-3L¶LLTB EI3LRZVL to Risk Weighted Assets Ratio (CRAR) of the bank stood at 12.21%
for FY’15 as per Basel III norms.
&LTB *LXU
IWVR*LL3L MIWLK WLK
$LTMZIII&LLVOB.LTB ETWVRMLK%KHL"
GPºLI¶LPL;&LTBW'L;0¶LP-'LLETER/\LTLLTB&LTBVC;MB)LLPVL BN3*L£HRC; Green shoots have sprouted in some of the segments of
H4B"WLYT>CMMT¶LHÈE7HRWLH4GEGPºLI¶LPL;&LTBGVPTL*LGKOA¶L the economy in FY’15. Going forward it emerges that with
improvement in investment scenario in FY’16, stalled projects
&LTBMRÉLLKHLTVTETML'L#*L*LGK¶LLTUVLWLTBETN3*LLOV74E*LKPL*LMWLVTEI are likely to be back on the production track. On beginning of
MB)LLPVLH4"V GVPTLQ¹EILRWL3LWL4KCV#*L*L.I*LGK¶LLTUVLWLTB the fresh investment cycle and restarting these stuck up projects,
ET*LRVWLKB)LHLTVTMTMLP;UGVE\LTLET$L4BE>ULT$LRGV¶LLOILBQT PBELTK the PSBs which were under the pressure of dried cash flows in
N]LTYLTB &LTB VEOIÈPLHEIE&LIET O$LLP&LTB 'LT>VEOIÈPLHEIPAG infrastructure and core industries would be benefitted by way of
MTZL)LLG6P3LHLTBYT" improved cash flows.
GPºLI¶LPL; $L4BE^LKL??EL¶L;GV*LLOVELPL;ET *L&LTB GVOr The FY’16 is earmarked as the “Year of Performance” by the Bank
GE¶LLY¶LLH4>GUM&LTB$LZGO¶LLY¶LLH4GE*LI V$LI*LGKPLKETÈ3¶LTEMO-¶L emphasizing that every single member of PNB Parivar should
expedite his efforts to help the bank register a better performance
ELTGPºLI¶LPL;&LTB$L4BEEIYG3LGPGÉL¶LLTBETM)LI\LTLLTB&LTB$LTH3LKEL¶L;GV*LLOV in all the areas of its activities in the financial year.
HT3LRCMEIMHL¶L3LLEKVTETGZ W*LVTÈ¶LLM3LTuLEKVTHLTBYT"
GPELMETER/È&LR<LMBQLZEGV&VGZG<L3LH4B GUVELT$L4E B GPºLI¶LPL; Following are some of the broad growth drivers, the bank would
ETOL4KLVW*LVTZ\¶LLTB EIÈLG*3LETGZ KLVIG3LET*L&LTB W*LVLME3LLH4: strategize to achieve during FY’16:
q MP;È'L&L PB MPL;GÉLE&LH3P*LXL; KLVIG3L V*LI V V*LI

q The first and foremost strategy would be to contain NPAs
ELT KLTEVL 3L'LL M&L-3L N*LZ$ÉL MLÉLVLTB EL N*L¶LLTY EK3LT HR (fresh Slippages) and expedite the recovery process using
all the available means.
PMXZIÈG¹¶LLELT3LTuLEKVLHLTYI"
q $LTH3LK+TLIETELK*LLTK7T ELTLÈOLVEKVLWL4K<LROKL> &L M &LC; q Extending credit to better rated corporates and also focusing
PBW6¶LÈL'LG&LE3LL\LTLLTB ELTLOTVT *LKÉ¶LLVETG6Ç3LEKVL"¶LH on credit to Retail, MSME and other Priority Sectors. This
will help in earning better returns and also reduce Risk
$LTH3LKÈG3LZL)LÈL*3LEKVT&LTB MHL¶LEHLTYLWL4KULTG<L&L)LLGK3LWLG-3L¶LLTB Weighted Assets (RWA) leading to conservation of capital.
WLK.$:¶LX
ELTE&LEKTYLGUMMT*LXU B IELMBK\LLHLTYL"
q $LQ3LU&LLKLGL¶LLTB *LKGPLTLÉ¶LLVOT3LT HR ELMLU&LLKLGL¶LLTB &LTB q To increase CASA deposit with special focus on Savings
PAGEKVL" deposits.
q VC;*LIIETY[LHELTBMTUR.VTETGZ $L4BEYMTPLWLTBELTG.GU7Z q To expedite efforts to digitalize banking services to reach
$LVLVTETÈ¶LLM3LTuLEKVL" closer to the new generation customers.
GPºLI¶LPL;&LTB WL'LEGPELMETG-'LKWL4K0¶LL*LEHLTVT EIWLLLET With economic growth expected to stabilize and broad base, the
ML'L>$L4E
B GPºLI¶LPL;&LTB N£3LEL¶L;GV*LLOVOLL;VT ETGZ 3L3*LKH4" Bank is poised to show improved performance in FY’16.
74
okf"kZd fjiksVZ
GVYGFSMLFLGUE
NºLKOLG3PGKJLT7;
Corporate Social
Responsibility Report
GP ºLI¶LPL;ETGZ WL*LET$L4BEEIMI MWLKGK*LLT7;WL*LET
M&L\LÈ-3LR3LEKVL&LTKTGZ PL-3LP&LTBHL;ELGPL¶LH4"¶LHGK*LLT7;
M&LI\LLÉLIVWPGÉLETOL4KLVGVYG&L3LML&LLGUENºLKOLG¶L3PET\LTL&LTB$L4BE
I t is indeed my pleasure to bring forth the CSR Report of your
Bank for the Financial Year 2014-15. The Report highlights the
developments of the Bank made in the area of Corporate Social
^LKLWL¶LLTGU3LEIYC;YG3LGPGÉL¶LLTB*LKÈELL.LZ3LIH4" Responsibility during the period under review.
At Punjab National Bank, Corporate Social Responsibility is
*LBUL$LV4LVZ$L4BE&LTB>GVYG&L3LML&LLGUENºLKOLG¶L3PH&LLKT &LX:¶LLTB &LTB HI embedded in our values and depicts how we conduct business,
MG£GH3LH4WL4KOLL;3LLH4GEW*LVTZ\¶LLTB PBÈG3L$L3LLWLTBEIÈLG*3LET develop products and services and deliver services for attainment
GZ H&LGEMÈELK0¶LL*LLKEK3LT H4B>N3*LLOLTB 3L'LLMTPLWLTB ELGPELM of our goals and commitments. The Bank’s approach to CSR
EK3LT H4B PB MTPLWLTB EIG.ZIPKIEK3LT H4B"MI MWLKET ÈG3L$L4BEET extends to all our stakeholders viz. our employees, our customers,
OAGrELTLELGP-3LLKH&LLKT M)LIGH3LÉLLKELTB 3LEH4 GUV&LTB H&LLKT E&L;QLKI> our shareholders and the community and the society.
H&LLKTY[LHE>H&LLKTLT¶LKÉLLKE>3L'LLM&LY[M&LLULLG&LZH4B" During the year under review, the Bank continued to collaborate
M&LI\LLÉLIVPL; ET OL4KLV>$L4E
B VT NVMBY#VLTB ELT MH¶LLTYEKVLULKIK<LL with the associations aimed at creating an equal opportunity for
GUVELNÎT¶LG$LVLGEMI)LTO)LLPETM&LLUETM)LIZLTYLTB ELTM&LLVWPMK all in the society without any discrimination. The Bank invariably
N*LZ$ÉLEKLVLH4"$L4E B MOLHIM&LLUEIWLP¶LE3LLWLTB PBWLELB\LLWLTB EI catered to the needs and aspirations of the society and engaged in
*LX3LEK3LLKHLH43L'LLGQGE3ML-PL-'¶LULQGLGPKLT>B K%SOLVGLGPKLT>B HGK3L the activities like organizing Medical Health Check camps, Blood
*LHZET3LH3LPA\LLKLT*LL>GQGE3MLN*LEKLLTB 3L'LLW6¶LWLP¶LECB»L-7%QK Donation Camps, Tree Plantation under green initiative, Donation
of Medical equipments and other necessary infrastructure, etc.
ETOLV>WLGOU4MIYG3LGPGÉL¶LLTB ETWL¶LLTUV&LTB ZYLKHLH4"
PNB Prerna, an association of wives of the Senior Officials and
$L4BEETPGKsWGÉLELGK¶LLTBEI*LG3V¶LLTB3L'LL$L4BEEIPGKs&LGHZLWGÉLELGK¶LLTB senior lady Officials of the Bank also carried forward the CSR agenda
ETMBY#V?*LI V$LIÈTKLLVT)LI$L4BEETMI MWLK UTB.LELTÈL*3LEKVT of the Bank successfully. During the year, PNB Prerna undertook
EIGOLL&LTBM¾2ZÈ¶LLMGE "PL;ETOL4KLV>*LI V$LIÈTKLLVTGQGE3ML medical health check up camps, distributed necessary articles for
-PL-'¶LULQGLGPKLTBELWL¶LLTUVGE¶LL>OAGrHIV/LLLTBETGZ WLP¶LE the blind students and wheel chairs for the physically challenged
P-3LRWLTB WL4KLLKIGKE*LMT W\L&L0¶LG%S¶LLTB ET GZ 0HIZQT¶LM; EL people. Apart from these, PNB Prerna also took up Ann Daan Seva
GP3LKLGE¶LL"CVETWG3LGK%S>*LI V$LIÈTKLLVTM&LLUETYKI$L3L$LETET and distribution of blankets to the poor section of the society.
GZ W£OLVMTPLEIWL4KEB$LZLTBELGP3LKL)LIGE¶LL" During the year, the Bank continued to empower the rural and
PL;ETOL4KLV>$L4EB VTGEMLVÈGL\LLETÇB LTB ¾27IMI
WL4KY[L&LIL-PKLTUYLK poor populace through Farmers’ Training Centres (FTCs) and
ÈGL\LLMB-'LLVLTB WLK MC;7IWLC;
ET&LLÉ¶L&LMTY[L&LIL PBYKI$LUV3LLELT Rural Self Employment Training Institutes (RSETIs). The Bank also
ML%S$LVLVLULKIK<LL"GPG)L£-'LLVLTB *LKGPºLI¶LML\LK3LLETÇB ¾2 ZMI
participated in programmes of spreading Financial Literacy by way
of opening of Financial literacy Centres (FLCs) at various places.
<LLTZEK$L4E B VTGPºLI¶LML\LK3LLETÈMLKEL¶L;¹&LLTB &LTB MH)LLGY3LL)LIEI"
Further, the Bank, being the Public Sector entity, ensured adequate
ML'L HI> MLP;UGVE \LTL EI MB-'LL HLTVT ET VL3LT $L4BE VT ²GL> GL\LL> fund flow to the sectors such as Agriculture, Education, Housing,
WLPLM>Z LR PB&LÉ¶L&LN]&L>E&LULTKPY;>&LGHZLWL4KY[L&LIL¶LRPLU4MT Small & Medium Enterprises, Weaker Sections, Women and Rural
\LTLLTBETGZ GVGÉL¶LLTBEL*L¶LL;*3LÈPLHMRGVG1L3LGE¶LL"$L4BECV\LTLLTBELT Youth. The Bank considers these sectors as important pillars of
)LLK3LI¶LW'L;0¶LP-'LLEL&LH3P*LXL;-3LB)L&LLV3LLH4"$LLGZELWLTBEIGL\LL&LTB the Indian economy. Towards the supporting the education of the
MH¶LLTYÈOLVEKVTEIGOLL&LTB*LI V$LIVT*LI V$LIZL.ZIVL&LE¶LLTUVL girls, PNB promoted a scheme viz. PNB LADLI under this scheme,
ELT $LLPL GO¶LL" CM ¶LLTUVL ET 3LH3L> Y[L&LIL WL4K WÉL;LHKI \LTLLTB EI School bags, Uniform and books were provided to girl child
/LLLWLTBELT-EXZ$L4Y>¶LXGV¾2L&L;WL4K*LR-3LETBÈOLVEIYC;B" students of rural and semi urban areas.
$L4E
B VTÈÉLLV&LBLIUVÉLV¶LLTUVL *LI &LUT.IPLC;
U4MIMKELKI¶LLTUVLWLTB ETM¾2Z The Bank contributed in a big way towards successful implementation
G¹¶LL6P¶LVEIGOLL&LTB &LH3P*LXL;¶LLTYOLVGO¶LLGUVELNÎT¶LM&LLUETWL'LE of the Government Schemes such as Pradhan Mantri Jan Dhan
Yojana (PMJDY) which aimed at bringing the financially excluded
*LMTW*LPU3L3L$LETELTWL4*LQLGKE$L4B EYMT7W*L&LTB LLG&LZEKVLH4"
strata of the society into the formal banking setup.
&LRT ZY3LLH4GE$L4EB CMGOLL&LTB È¶LLMEKVLULKIK<LTYL%¶LLTGB EH&LLKTGZ I feel that the Bank will continue to make efforts in this direction
MI MWLK EYB3L0¶LVHIBWG*L3LR EWVPK3L¶LLLLH4"È3¶LTEEO&LWL*LELT as for us CSR is not a destination but a journey. Each step can take
MHIGOLL&LTB ZTULME3LLH4)LZTHIPHEO&L/LT7LHLT¶LL$L.L"H&LÈ¶LLM you in the right direction, no matter how small or large that step
EK3LTKHVLWL4KW*LVTEL¶LLT ELTWGÉLE&LX:¶LPLV$LVLVLULKIK<LTYB "T may be. We continue to strive and add more value to the work.
WB3L&LTB>&L4BNVM)LIETGZ W*LVLHLOEÉL6¶LPLO0¶L%SEKVLQLH3LLHX In the end, I would like to express my sincere thanks to all those
GU6HLTBVTPL;ETOL4KLVGVYG&L3LML&LLGUENºLKOLG¶L3PELTM¾2Z$LVLVTEI who contributed towards making Corporate Social Responsibility
GOLL&LTB¶LLTYOLVGO¶LLH4" a success during the year.
YL4KILBEK
(Gauri Shankar)
È$LBÉLGVOTLE PBMIC;WLT Managing Director & CEO
76
okf"kZd fjiksVZ
*LBUL$L V4LVZ $L4BE EL GVYG&L3L ML&LLGUE NºLKOLG¶L3P Punjab National Bank’s Corporate Social Responsibility
OAGrELTL Approach
GVYG&L3LML&LLGUENºLKOLG¶L3P$L4BEELML&LLGUE*LMTNºLKOL¶LI PB 1. Corporate Social Responsibility is socially responsible and

enlightened attitude of the Bank. Our CSR policy is to ensure
È$LROAGrELTLH4"H&LLKIMI MWLKVIG3L E TMLÈ)LLPIWL4KM3L3L effective and sustained CSR programme to strengthen social
MI MWLKEL¶L;¹&LMRGVG1L3LEK3LIH4ULTM&LY[*LMTM&LROL¶LETML'L ties of the Bank with the community at large.
$L4BEETML&LLGUEMB$LBÉLLTBELT&LU$LX3LEK3LLH4" 2. The CSR is an integral part of the overall PNB corporate Business
MI MWLK*LI V$LIEIM&LY[ EL8*LLTK; 7T ELKLT$LLKKLVIG3LEL EWG)L£ Strategy. To integrate the concepts of CSR with Business
GH-MLH4"ELKLT$LLKKLVIG3LWL4KMI MWLKEIWPÉLLKLLWLTB ELT EI²3L Strategy, the Bank makes the following commitments:
EKVTETGZ $L4E B GV&VHT3LRÈG3L$LH4: 2.1 Sustainability
G-'LK3LL PNB intends to be a catalyst for change that benefits present
*LI V$LI TMT*LGKP3L;VELN3ÈTKE$LVVLQLH3LLH4ULTP3L;&LLVWL4K and future generations. Sustainability is an integral part of
PNB's activities – in our core business and beyond. Thus,
)LLPI*LIG¶LLTBELTZL)L*LHRBQL "G-'LK3LL*LI V$LIEIYG3LGPGÉL¶LLTBEL
we believe in being responsible to all our stake holders,
EWG)L£GH-MLH4ULTH&LLKT&LR<¶LELKLT$LLKWL4KW6¶LYG3LGPGÉL¶LLTB society and the environment.
&LTB -*LrGO<LLC; OT3LIH4"W3L>H&LW*LVT M)LIGH3LÉLLKELTB>M&LLU
2.2 Corporate Volunteering
WL4K*L¶LL;PKLETGZ NºLKOL¶LIHLTVT&LTBGPPLMEK3LTH4B"
EL8*LLT;KT7-P¶LBMTPL “Giving back to the society” is the prime motive behind
our CSR activities. The message that we give to our staff
??M&LLUELTZL47LVLH&LLKIMI MWLKYG3LGPGÉL¶LLTBEL&LR<¶LNÎT¶L regarding CSR is that whatever we do today will have an
H4"H&LW*LVT-7L¾2ELTMI MWLKETGPL¶L&LTB¶LHIMBOTLOT3LTH4B impact on future generations. Thus we undertake CSR
GEH&LWLUULT)LIEK3LTH4BNMELWMK)LLPI*LIG¶LLTB*LK*L.TYL" activities with full participation of staff members. .
CMÈELKH&L-7L¾2MO-¶LLTBEI*LXL;)LLYIOLKIETML'LMI MWLK 2.3 Social Investments
YG3LGPGÉL¶LLBWL¶LLTGU3LEK3LTH4B"
Being a socially responsible organization, we contribute
ML&LLGUEGVPTL to society through the PNB Farmers Welfare Trust, PNB
ML&LLGUE *L MT NºLKOL¶LI MBY#V HLTVT ET VL3LT KLrI¶L <LTZ WL4K Centenary Rural Development Trust, PNB Prerna, Farmers’
TMI W6¶L *LHZLTB ELT MH¶LLTY OTVT ET GZ H&L *LI V$LI GEMLV Training Centres, Financial Literacy & Credit Counseling
E:¶LLL7-7>*LI V$LIL3LL$OIY[L&LILGPELM7-7>*LI V$LIÈTKLL> Centres, Rural Self Employment & Training Institutes, PNB
Hockey Academy to support National Game and other
GEMLVÈGL\LLETÇB LT>B GPºLI¶LML\LK3LL PBL*LKL&LL;ETÇB LT>B Y[L&LIL
such initiatives. We help the underprivileged communities
-PKLTUYLK PBÈGL\LLMB-'LLVLT>B *LI V$LIHL8EIWELO&LIET&LLÉ¶L&L to overcome unemployment and poverty and shape their
MTM&LLU&LTB ¶LLTYOLVEK3LTH4"B H&LPBGQ3LM&LROL¶LLTB EI$LTKLTUYLKIWL4K own future through education and skill development
YKI$LIELT OXKEKVT 3L'LLGL\LLWL4KEL4LZGPELMEL¶L;¹&LLTB ET programmes. All these initiatives are counted by us as
&LLÉ¶L&LMTNVET)LGP¶LELTWLELKOTVT &LTB NVEIMHL¶L3LLEK3LTH4"B CV social investment.
M)LIÈ¶LLMLTB EIYLVLH&LML&LLGUEGVPTLET*L&LTB EK3LTH4"B 2.4 Health
-PL-'¶L We strongly endorse the view that healthy mind and
H&LCMOAGrELTLELOAM&L'L;VEK3LTH4BGEM&LLUWL4KKLrET healthy body in a healthy environment is essential for
M&LY[ GPELMET GZ E-P-'LPL3LLPKL&LTB -P-'L&LVWL4K overall growth of society and the nation. Thus, we invest
-P-'LLKIKEIN*LG-'LG3LGV3LLB3LWLP¶LEH4"W3LH&L TMT\LTLLTB in areas that facilitate such enhancements. During the year
&LTBGVPTLEK3LTH4BULTCMÈELKETMBP;VELTMRY&L$LVL B"PL; 2014-15, the Bank has undertaken 1067 CSR activities
ETOL4KLV>$L4BEVTW*LVT-7L¾2EIMG¹¶L)LLYIOLKIET with the active involvement of staff. This includes 58 free
medical checkup camps which benefitted 5178 persons.
ML'LMI MWLKYG3LGPGÉL¶LLTB ELWL¶LLTUVGE¶LL"CV&LTB Also 1932 units of blood are collected in 39 Blood
GVLR:EGQGE3MLULBQGLGPKLLG&LZH4BGU6HLTBVT0¶LG%S¶LLTB Donation Camps organized during the year.
ELTZL)L*LHRQL¶LL"ML'LHI>PL;ETOL4KLVWL¶LLTGU3LGE Y
2.5 Green Initiatives
K%SOLVGLGPKLTB&LTB¶LXGV7K%SELMBY[HGE¶LLY¶LL"
HGK3L*LHZ We have implemented some quick win “Green practices”
to conserve resources be it electricity, water, paper,
H&LVTG$LUZI>*LLVI>ELYU>WLGOU4MT MBMLÉLVLTB ETMBK\LLETGZ etc. We are making efforts for rainwater harvesting in
ER/3PGK3LÈ)LLPLT3*LLOE??Y[IVÈ'LLWLTB ELTZLYXGE¶LLH4"H&L&LL4UOX L existing buildings and encourage environment friendly
)LPVLTB &LTB PLL;UZMBQ¶LVETGZ È¶LLMK3LH4B WL4K*L¶LL;PKLWVREZ X new constructions. We are promoting wind energy and
VPGV&LL;LELTÈLT3MLGH3LEKKHTH4"B H&L*LPV¦UL;ELT$LLPLOTKHTH4B popularizing solar energy usage in rural areas. Sapling of
WL4KY[L&LIL\LTLLTB &LTB ML4K¦UL;ETN*L¶LLTYELTZLTEGÈ¶L$LVLKHTH4"B PL; 6943 plants was executed in 67 Tree Plantation Camps
ETOL4KLVWL¶LLTGU3LPA\LLKLT*LLGLGPKLTB &LTB *LL4ÉLTZYL Y " organized during the year.
<LTZLTBELTÈLT3MLHV 2.6 Promotion of Sports
$L4E
B VTMI MWLKYG3LGPGÉL¶LLTB ETGH-MTET*L&LTB <LTZLTB ELTÈLT3MLGH3L The Bank continued in its efforts to promote sports and
nurturing young talents as a part of CSR activity. The
EKVTWL4K¶LRPLÈG3L)LLWLTB ELGPELMEKVTETW*LVTÈ¶LLMLTB ELTULKI
77
K<LL"$L4E
B VT G<LZLG.¶LLTB EI-PI²3LMB<¶LLET ML'LGM3L&$LK Bank has set up Hockey Academy in Sept. 2002 for junior
&LTB MT PL; WL¶LR PY; ET UXGV¶LKHL8EIG<LZLG.¶LLTB ET hockey players in the age group of 14 to 17 years with
GZ HL8EIWELO&LIEI-'LL*LVLEI"CMET $LLOWÈ4Z&LT>B sanctioned strength of 25 players. Subsequently, in April
2004, the Bank also formed its senior hockey team.
$L4E
B VTW*LVIMIGV¶LKHL8EI7I&LELY#V)LIGE¶LL"
MIGV¶LKG<LZL.I$L4BEETE&L;QLKIH4BU$LGEUXGV¶LKG<LZLG.¶LLTBELT The senior players are employees of the Bank whereas the
$L4BE^LKLWLPLM>$LLT.YPÈGL\LLEIMRGPÉLLÈOLVEIUL3LIH4B junior players are provided lodging, boarding and training
facility by bank and are groomed as hockey players.
3L'LLHL8EIG<LZL.IET*L&LTB3L4¶LLKGE¶LLUL3LLH4"
PLB ZLZ$LHLORKLL±IGM:PKUR$LZI7XVL;&LTB7GOMB$LKET 41st Lal Bahadur Shastri Silver Jubilee Tournament

OL4KLV<LTZLY¶LL"MIGV¶LK7I&LVT WLT VUIMI>MIWLK*LI ¾2> ¶LK was played during December, 2014. The senior team
CBG.¶LL>$LI*LIMI ZELT*LKLGU3LGE¶LLPGPUT3LL7L8¾2IWU3LEI" beat ONGC, CRPF, Air India, BPCL and lifted winner’s
trophy.
W6¶LMI MWLK*LHZ 2.7 Other CSR Initiatives

E *LI V$LIÈTKLL>$L4BEETPGKsWGÉLELGK¶LLTBEI*LG3V¶LLTBETML'LML'L A. PNB Prerna, an association of the wives of the senior
$L4BEEIPGKs&LGHZLWGÉLELGK¶LLTB EL EMBY#VH4>ULT $L4BE officials of the Bank as well as senior lady officials
of the Bank is performing a vital role in undertaking/
EI MI MWLK YG3LGPGÉL¶LLB WL¶LLTGU3L ÈMLGKS/J[LT3MLGHS EKVT &LTB showcasing/promoting the Bank’s CSR activities. The
&LH3P*LXL;)LXG&LELGV)LLKHLH4"MBY#VEL&LR<¶LNÎT¶L$L4BEEI prime objective of the association is to support the
GVYG&L3LML&LLGUENºLKOLG¶L3P*LHZLTBELTMH¶LLTYOTVLH4" Corporate Social Responsibility initiatives of the Bank.
PL;ETOL4KLVWL¶LLTGU3L&LR<¶LMI MWLKYG3LGPGÉL¶LLB Highlights of CSR Activities during the year
$L4BEVT VC; GOkIG-'L3LOAGrHIVLTB ET -EXZ&LTB EMI MWLK*LHZ Bank organized a CSR initiative programme at a School for
EL¶L;¹&LWL¶LLTGU3LGE¶LLWL4K*LI V$LIÈTKLLMO-¶LLTBET&LLÉ¶L&LMTD[TZ blinds at New Delhi and distributed Brail Paper and audio
*LT*LKWL4KWL8G.¶LLTMI.IELGP3LKLGE¶LL" CDs through PNB Prerna members.
78
okf"kZd fjiksVZ
WY-3LELTÈÉLLVEL¶LL;Z¶L>VC;GOkIET*LGKMK&LTB-P3LBL3LL Eight Wheel Chairs and one supporting stick was distributed
GOPMETWL¶LLTUVETWPMK*LK>WL#0HIZQT¶LKWL4K EMHL¶LE on the occasion of celebration of Independence Day i.e.
/.IELGP3LKLGE¶LLY¶LL"*LI V$LIÈTKLLEIWÉ¶L\LL PB W6¶L 15th August 2014 at Head office premises in New Delhi.
The President of PNB Prerna and other members were
MO-¶LCMWPMK*LKN*LG-'L3L'LT"
present on the occasion.
*LI V$LIÈTKLLET 3LH3LKLUT6ÇVYK>VC; GOkI&LTB W£OLVMTPLEL Under PNB Prerna, the Bank organized Ann Daan Seva at
WL¶LLTUVGE¶LLY¶LLUHLB M&LLUET YKI$L3L$LET ET UK3L&LBOWL4K Rajender Nagar New Delhi wherein meal was served to the
GVKLG+3LZLTYLTBELT)LLTUVGP3LGK3LGE¶LLY¶LL" needy and destitute belonging to poor section of the society.
WÉ¶L\L PB È$L6ÉLGVOTLEÈÉLLVEL¶LL;Z¶L>VC; GOkI&LTB WL¶LLTGU3L Chairman and Managing Director seen donating blood in the
K%SOLVGLGPK&LTBK%SOLVEK3LTHR " Blood Donation Camp organsied at Head office New Delhi.
)LI<LL UIEL&LL*ZTM>MBMO&LLY;>KLUT6Ç*ZTMWL4KWL3&LLKL&LHL¦M Blood Donation Camps were organized at four Head

Office buildings of the Bank at Bhikhaiji Cama Place,
G-'L3L$L4BEET QLKÈÉLLVEL¶LL;Z¶L*LGKMKLTB &LTB K%SOLVGLGPKLTB EL
79
WL¶LLTUV GE¶LL Y¶LL" N*LKLT%S GLGPK &LTB KT. ¹L8M MLTML¶L7I WL8¾2 Sansad Marg, Rajendra Place and Atma Ram House. A
CBG.¶LLET&LLÉ¶L&LMT¶LXGV7K%SMBY[GH3LGE¶LLY¶LL" total of 405 units of blood was collected in the above
camps through Red Cross Society of India.
MI MWLK YG3LGPGÉL¶LLTB ET GH-MT ET *L &LTB> $L4BE VT KBY*LRKI *LHL.I As part of CSR activity, the bank distributed 400 blankets
GOkIG-'L3LPALP-'LL PBGVKLG+3LYAHETMBPLGM¶LLTBELTE&$LZ to the inmates of old age and destitute home at Rangpuri
Pahari Delhi.
GP3LGK3LGE "
Shri Gauri Shankar, Managing Director & CEO donating

+IYL4KILBEK>J[D B GVOTLE PBFR<EL;JLZEWGELKIKTZPT-7TLV
four wheel chairs at Railway Station Ludhiana. Sh. Harpal
ZRGÉL¶LLVL&LTB QLK0HIZQT¶LKLTB ELOLVEK3LTHR "+IHK*LLZMH> ¾2UI &L Singh, FGM and Sh. Chander Khurana, Circle Head
WL4K+IQBOK<LRKLVL>&LB.ZÈ&LR<LZRGÉL¶LLVL)LIGQL&LTB GO<LLC;OTKHTH4"B Ludhiana are also seen in the picture.
IYL4KILBEK>È$L6ÉLGVOTLE PB &LR<¶LEL¶L;*LLZEWGÉLELKIZ<LV¦

+ Shri Gauri Shankar, Managing Director and CEO
&LTB UK3L&LBOLTB ELTEB$LZGP3LGK3LEK3LTHR "+IWKPOG3LPLKI> ¾2UI &L distributing blankets to the needy people at Lucknow. Sh.
Z<LV¦WL4K+I*LI V&LL'LRK>&LB.ZÈ&LR<LZ<LV¦)LIGQL&LTB GO<LLC; Arvind Tiwari, FGM Lucknow and Sh. P.N. Mathur, Circle
head Lucknow are also seen in the picture.
OTKHTH4"B
80
okf"kZd fjiksVZ
*LRGZMPIK3LL*LRK-ELKM&LLKLTHET WPMK*LK+IGLPKLUMHQL4HLV> Shri S.K. Zutshi, Circle Head Bhopal presenting cheque to Sh.
&LR<¶L&LBLIELT+I METUR3LI>&LB.ZÈ&LR<L)LLT*LLZQTE)LT7B EK3LTHR " Shivraj Singh Chaudhan, Chief Manager on the occasion of
Police Gallantry Awards ceremony.
VLY*LRK&LB.ZETWB3LY;3LGUZLZL3LXKETWBYI²3LYLBP&L&LOL*LRK&LTB /LLLWLTB Dr.Ram S. Sangapure, Executive Director with girl students of

ET ML'L.L8KL&L MMBYL*LXK>T EL¶L;*LLZEGVOTLE PB &LB.ZET W6¶L adopted Village Mamdapur Distt. Latur under Nagpur Circle
with other officials of the Circle.
WGÉLELKIYL"
HO4 KL$LLO&LB.ZETWB3LY;3LW&LZL*LRK&L&LTB $L4E

B EILL<LLETNO_ LL7VETOL4KLV Shri K.V.Brahmaji Rao, Executive Director handing over
W&LZL*LRK&L&LTB ??OAGr$LLGÉL3LLTB ET-EXZ PBU4.*LIHLC;-EXZ>W&LZL*LRK&LELT computers to ZP High School, Amalapuram and the “School
for Blind” in Amalapuram during the inauguration of the
E&*¶LX7KÈOLVEK3LTHR +IETPID[ÄLUIKLP>EL¶L;*LLZEGVOTLE" branch at Amalapuram under Hyderabad Circle.
81
IETWLKEL&L3LLL<LL<LLML>&LB.ZEL¶LL;Z¶LW&LA3LMKETWB3LY;3LY[L&L
+ Sh.K.R. Kamath inspecting Jan Dhan Yojna Camp at village
QE&LREOBR &LTB UVÉLV¶LLTUVLGLGPKELGVKI\LLEK3LTHR " Chakmukand under BO Khasa, CO Amritsar
&LHLVOXKOLI;>-P3LBL3LLMTVLVI PBH&LLKT$L4E B ETMB-'LL*LEMO-¶L-PYI;¶L On the occasion of 150th Birth Anniversary of Late Lala Lajpat
ZLZLZLU*L3LKL¶LUIEIPIBU¶LB3LIETWPMK*LKH&LVTORGÉLETYLBPELT Rai, great visionary, freedom figher and founding member of
our Bank, we have adopted village Dudhike for constructive
KQVL3&LEGPELMETGZ W*LVL¶LLH4"ORGÉLETYLBP-PYI;¶LZLZLZLU*L3L development. Village Dhudike is the birthplace of Late Lala
KL¶LUIELU6&L-'LLVH4"CMWPMK*LK$L4E B VTN1Q3LK&LLÉ¶LG&LE$LLGZEL Lajpat Rai. On this occasion, Bank has constructed toilets in
GP]LZ¶L>ORGÉLET&LTB LL4QLZ¶LLTB ELGV&LL;LEKPL¶LLH4"&LRÉLETYLBP&LTB W6¶L senior secondary girls school, Dudhike. Chairs and Durries
GP]LZ¶LELTERM¶LLB3L'LLOKIOIYC;H4"B have been given to other school at Mudhke village.
B. Donation
<L OLV
PL; ET OL4KLV>$L4BEVT WZVXKQ4GK7T$LZMLTML¶L7I>WL&.; ¾2LTMT;U¾Z4Y During the year, the Bank has taken initiative for donations to
.T ¾2B.> CBG.¶LV V4PZ $LTVTPLTZTB7 MLTGM LV> HO ERs GVPLKL MB L> different beneficiaries like Al Noor Charitable Society, Armed
Forces Flag Day Fund, Indian Naval Benevolent Association,
MPT;7BMWL8¾2OG*L*LRZMLTML¶L7I>GV&L;Z/L¶LLGOkIMKELKU4MTGPG)L£ Hind Khust Nivaran Sangh, Servants of the People Society,
ZL)LL'L¶LLTB ELT OLV OTVT EI *LHZ EI" $L4BE VT U&&LX E&LIK ET $LL Nirman Chhaya Delhi Govt. The Bank has also contributed
*LIG.3LLTB EIMHL¶L3LL'L; $L4BEET E&L;QLGK¶LLTB ET EGOVET PT3LVEI to the PM Relief Fund on account of help to flood victims of
E7L43LIET&LLÉ¶L&LMTÈÉLLV&LBLIKLH3LELTL&LTB)LI¶LLTYOLVGE¶LLH4" Jammu and Kashmir by way of deduction of one day’s salary
of employees of the Bank.
MI MWLK*LHZ CSR INITIATIVES
ÈL'LG&LE3LL\LTL PRIORITY SECTOR
&LLQ; EI G-'LG3L ET WVRMLK $L4E
B VT ÈL'LG&LE3LL \LTL ET 3LH3L The Bank has achieved National Goal of 40% under Priority
ET KLrI¶LZ\¶LELT ÈL*3LEKGZ¶LL'LL"&LLQ; EIG-'LG3L Sector as on March 2015. The achievement of Priority Sector
82
okf"kZd fjiksVZ
ET WVRMLKÈL'LG&LE3LL\LTLWGY[&LLTB EIN*LZG$ÉL `>EKLT. 'LI advances was Rs 135809 crore as on March 2015 i.e. 42.89%
W'LL;3L_ ÈG3LL3LET KLrI¶LZ\¶LET GP*LKI3LM&LL¶LLTGU3LGVPZ$L4E
B of Adjusted Net Bank Credit against the National Goal of 40
percent.
LKHT"
GVYG&L3LML&LLGUENºLKOLG¶L3P MI MWLKYG3LGPGÉL¶LLB
: Corporate Social Responsibility (CSR activity):
$L4BEW*LVTGV&V7-7!ET6ÇLTBET&LLÉ¶L&LMTGVYG&L3LML&LLGUENºLKOLG¶L3PET Bank is promoting welfare in Rural / semi Urban Areas as a part

of Corporate Social Responsibility through its Trust / Centre’s as
GH-MT ET *L&LTB Y[L&LIL!WÉL;LHKI\LTLLTB &LTB E:¶LLLELKIEL¶LLT ELT $LLPL
under;
OTKHLH4;
A. PNB Farmer Welfare Trust,
*LI V$LI²LEE:¶LLL7-7>
$LI*LI V$LIL3LL$OIY[L&LILGPELM7-7> B. PNB Centenary Rural Development Trust,
MIGPºLI¶LML\LK3LLETBÇ C. Financial Literacy Centre.
N%SNÎT¶LLTBELTÈL*3LEKVTETGZ GV&VGZG<L3L¶LLTUVL ZLYXH4B Following schemes are in place for the pursuit of said objective:-
*LI V$LIGPELMY[L&LWBYIEKL¶LLTUVL 1. PNB VIKAS- Village Adoption Scheme:

GVYG&L3L ML&LLGUE NºLKOLG¶L3P *LHZ ET GH-MT ET *L &LTB> $L4BE VT As part of the Corporate Social Responsibility initiatives, the
Bank has launched a Welfare Scheme of adoption of villages
??*LI V$LIGPELMVL&LEY[L&LWBYIEKLEIE:¶LLLELKI¶LLTUVLEL named as “PNB VIKAS”.
LR)LLKB)LGE¶LLH4"
WBYI²3LYLPLTB ELM&LY[ *LMT GPELMEKVLCM¶LLTUVLELNÎT¶L The objective of the Scheme is to develop the adopted villages
H4 GUM&LTB W6¶L GH3LÉLLKELTB Y[L&LILLTB> MKELKI ÈLGÉLEKLLTB> -'LLVI¶L in an holistic manner, which includes Human, Economic &
other Infrastructure Development for example sanitation,
GVEL¶LLTBWLGO
ETML'LM&L6P¶L&LTB&LLVPI¶L>WL'LEWL4KW6¶L&LXZ)LX3L
drinking water supply, education, electricity, health, etc in co-
MRGPÉLLWLTB ET GPELMLLG&LZH4B>NOLHKLL'L; -P1/3LL>*LT¶LUZWL*LXS> ordination with the other stake holders (villagers, the Govt.
GL\LL>G$LUZI>-PL-'¶L>C3¶LLGO"¶LLTUVLET3LH3L$L4E B VTGPG)L£&LB.ZLTB authorities, local bodies etc). Under this Scheme, bank has
&LTBYL8BPLTB WY[LIGUZLTB&LTBWL4KY4KWY[LIGUZLTB &LTB
ELT adopted 130 villages (68 in lead districts and 62 in non lead
WBYI²3LGE¶LLH4"3LEYG3LGPGÉL¶LLTB *LK `ZL<L districts) in different Circles. So far, an expenditure of Rs.5.34
lacs has been incurred on 37 activities up to 31.03.2015.
EL0¶L¶LGE¶LLULQREL'LL"
*LI V$LIZL.ZI: 2. PNB Ladli:
Y[L&LIL!WÉL;LHKI\LTLLTB EIZ.GE¶LLTB ET$LIQGL\LLELTZLTEGÈ¶L$LVLVTEI Scheme for popularization of education among girls of Rural
¶LLTUVL"*LI V$LIZL.ZI¶LLTUVLELLR)LLKB)LGOVLBEELTVI&LKLVL / Semi urban areas. PNB Ladli scheme was launched by the
KLU-'LLV
&LTB *LI V$LI ¾2.$L:¶LX7IETML'LMB¶LR%S*LMT*LI V$LIÈTKLL Chairperson of PNB Prerna jointly with PNBFWT at Neemrana
(Raj.) on 17.07.2014. This scheme has since been launched
EIWÉ¶L\LL^LKLGE¶LLY¶LL'LL"M&L-3LWBYI²3LYLPLTB ET&LLÉ¶L&LMTWY-3L on Pan India basis in the month of August 2014 through
&LLH&LTB CM¶LLTUVLELLR)LLKB)LWG<LZ)LLK3LI¶LWLÉLLK*LKGE¶LL all adopted villages. Under the scheme we are providing
Y¶LL"¶LLTUVLET3LH3LH&LÈ3¶LTEGQGª3LYLPLTB EIUK3L&LBO/LLLWLTB ELT education inputs of Rs. 2500/- to 10 needy girl students of each
`!ELL4\LGLEMH¶LLTYÈOLVEKKHTH4"B CMPL;H&LVTMHL¶L3LLET identified village. This year we have targeted to cover 2000
*L&LTB Z.GE¶LLTB `ZL<L
ELTEPKEKVTELZ\¶LGE¶LL girls (Rs. 50.00 lacs) as assistance & these girls will continue to
get support every year till they complete 12th class. So far we
H4 PB¶LTZ.GE¶LLBPIBE\LLNºLIL;HLTVT 3LEÈ3¶LTEPL;MHL¶L3LLÈL*3L have distributed Rs. 28.02 lacs to 1409 girls under this scheme
EK3LIKHTYB I"3LEH&LVTCM¶LLTUVLET3LH3LZ.GE¶LLTB upto 31.03.15.
ELT`ZL<LGP3LGK3LGE H4"B
*LI V$LIWLLLGEKL: 3. PNB Asha Kiran:
CM ¶LLTUVL EL LR)LLKB)L Y[L&LIL \LTLLTB EI &LGHZLWLTB ET MLG%SEKL ET Scheme has been launched to accelerate the pace of women
GPELMEIYG3LELT3LTUEKVTETGZ GE¶LLY¶LLH4>UHLBY[L&LIL empowerment development in rural areas wherein 1000
&LGHZLWLTB ELT GQGª3LGE¶LLUL YL PB NVET WL'LEMLG%SEKL3LE rural women will be identified & nurtured till their economic
*LLTGL3LGE¶LLUL YL"&LLQ;3LE ¾27IMIVTCM*LGK¶LLTUVLETGZ empowerment.So far, FTCs have identified 163 rural women
for this project till 31 March. 2015 & started nurturing them till
Y[L&LIL&LGHZLWLTB ELT GQGª3LGE¶LL PB NVET WL'LEMLG%SEKL their economic empowerment.
3LE*LLTGL3LEKVLWLKB)LEKGO¶LLH4"
*LI V$LIWLLLGEKLEI&LR<¶LGPLTL3LL B: Salient features of PNB Asha Kiran are:-
GVLR:E-PL-'¶LULQGLGPK" - Free health Check up Camps.

GPºLI¶LML\LK3LL&LLY;OL;V" - Financial Literacy Guidance.
83
ÈÉLLV&LBLI UVÉLV ¶LLTUVL ET ML'L M&L-3L &LGHZL )LLYIOLKLTB ELT - Linking all women participants with Prime Minister’s Jan
ULT.VL" DhanYojana.
&LGHZL M QUI!UT ZUIETY#VELT$LLPLOTVL" - Promoting formation of women SHG/JLG

-PKLTUYLKHT3LRÈGL\LLOTVL" - Training for Self Employment.
LÈOLVEKGPºLI¶LMHL¶L3LLEKVL" - Financial assistance by providing loans.
NVETN3*LLOVHT3LR$LLULKMTMB¶LLTUV-'LLG*L3LEKVL" - Market linkage for their produce.
-P1/GP]LZ¶LWG)L¶LLV 4. Swachchh Vidyalaya Campaign:

*LI V$LIGPELMETWBYI²3LYLBPLTBETMKELKI-EXZLTB&LTBLL4QLZ¶LLTBET Scheme to provide financial assistance for construction of
toilets in government schools of adopted villages of PNB
GV&LL;LHT3LRGPºLI¶LMHL¶L3LLÈOLVEKVTEI¶LLTUVLELT&LBUXKIOTOIYC; VIKAS has been approved. It focuses on co-educational and
H4"¶LHMHGL\LLWL4KZ.GE¶LLTB ET MKELKI-EXZLTB *LKÉ¶LLVETBGÇ3L girls’ govt. schools wherein we provide:-
EK3LIH4UHLBH&LÈOLVEK3LTH4B
- Separate toilet facility for girl student within an estimated
M)LIGQGª3LYLBPLTB&LTB`ZL<L!LL4QLZ¶LETWVR&LLGV3L0¶L¶L expenditure of Rs.1.20 lacs/Toilet in all 127 identified
ET)LI3LK/LLLWLTBETGZ WZYLL4QLZ¶LEIMRGPÉLL" villages.
`! EI ZLY3L ET )LI3LK GV¶LG&L3L W<L$LLK PB GL\LLÈO - A library with regular newspaper & educative magazines
*LGLELWLTB¶LR%S*LR-3LELZ¶L" upto cost of Rs. 15000/-.
`!EIZLY3LET)LI3LK<LTZEXOELML&LLV" - A sport kits upto cost of Rs. 10000/-.
*LI V$LINULZL 5. PNB UJALA:

WBYI²3LYLBPLTB&LTB`!3LEEIZLY3LET)LI3LKML4K¦UL;-7I7 Scheme launched on 28.01.15 for providing 4 Solar Street
ZLC7_MWL4K*LI V$LIZL.ZI¶LLTUVLET 3LH3L*LHZT MT HIWBYI²3L Lights up to cost of Rs. 80000/- in the adopted villages and
a Solar Lantern to each girl student costing Rs. 500/- already
È3¶LTE/LLLELT`!ZLY3LEI EML4KZLZ7TVN*LZ$ÉLEKLVT adopted under PNB LADLI Scheme.Under the scheme 212
HT3LR CM¶LLTUVLELWLKB)LGOVLBEELT GE¶LLY¶LL"CM Solar Lights have been installed in 60 villages and 540 Solar
¶LLTUVLET 3LH3L3LEYLBPLTB &LTB ML4K¦UL; -7I7 Lanterns given to girl students up to 31.03.2015.
ZLC7_MZYLC;YC;BWL4K/LLLWLTBELTML4KZLZ7TVGO Y "
6. PNB Farmers’ Welfare Trust:
*LI V$LI²LEE:¶LLL6¶LLM
GEMLVLT>B &LGHZLWLTB WL4KY[L&LIL¶LRPLWLTB ET\L&L3LLGV&LL;LWL4KE:¶LLLHT3LR Punjab National Bank Farmers’ Welfare Trust (PNBFWT)
was established on 22nd September, 2000 on the basis of
GVYG&L3LML&LLGUENºLKOLG¶L3PET*L&LTB ELT*LBUL$LV4LVZ permission accorded by the Board of Directors of PNB as a
$L4EB ²LEE:¶LLL6¶LLM *LI V$LI ¾2.$L:¶LX7I
EI-'LL*LVL*LI V$LIET part of social corporate responsibility for capacity building
GVOTLE&LB.Z^LKLÈOLVEIYC;WVR&LG3LETWLÉLLK*LKEIYC;" and welfare of the farmers, women and rural youth.
*LI V$LI²LEE:¶LLL6¶LLM *LI V$LI ¾2.$L:¶LX7I
GEMLVLTB>&LGHZLWLTB PNB Farmers’ Welfare Trust (PNBFWT) is operating 10
WL4KY[L&LIL¶LRPLWLTBELTÈGL\LLMRGPÉLL BN*LZ$ÉLEKLVTETGZ OTL PNBFTCs across the country to provide training facilities to
)LK&LTB*LI V$LI ¾27IMIELMBQLZVEKKHLH4" farmers, women and rural youth.
*LI V$LI ¾2.$L:¶LX7IET ¾27IMIGEMLVLT>B &LGHZLWLTB WL4KY[L&LIL¶LRPLWLTB FTCs of the PNBFWT provide free of cost training/residential
ELTGVLR:EÈGL\LL!WLPLMI¶LÈGL\LLÈOLVEK3LTH4"B ¾27IMIGEMLVLTB training to farmers, women and rural youth. FTCs also arrange
free transportation to farmers from villages to the training
HT3LR YLBPLTB MT ÈGL\LLETÇB 3LE&LR¾3L*LGKPHVEI)LI0¶LP-'LLEK3LT
center. FTCs provide training on agriculture & allied activities,
H4"B ¾27IMI²GL3L'LLMB$LBGÉL3LYG3LGPGÉL¶LLT>B EB*¶LX7K*LL#_¶L¹&LLT>B E7LC;> computer courses, cutting, tailoring & embroidery, etc. Regular
GMZLC; PBELC;WLGO*LKÈGL\LLÈOLVEK3LTH4"B ¾27IMIWGÉLELGK¶LLTB On Location Programmes and Kisan Goshties are held at the
^LKLYLBPLTB ETGVKB3LKOL4KLTB ETFLÉFMTGEMLVLTB EIOHZIuL*LKGV¶LG&L3L door-steps of the farmers by the FTC officials by frequent visits
*LMT-'LLGVEEL¶L;¹&LWL4KGEMLVYLTGs¶LLBWL¶LLTGU3LEIUL3LIH4"B to the villages.
N*L¶LR%; SETWG3LGK%S> ¾27IMIW*LVT¶LHL3L'LLW6¶L-'LLVLTB *LK&LLVP-PL-'¶L Out of the above, FTCs are also organizing Human Health
Check Up Camps and Animal Health Check Up Camps at
ULBQGLGPKWL4K*LLR-PL-'¶LULBQGLGPKELWL¶LLTUVEKKHTH4"B
FTCs and other places.
È3¶LTE ¾27IMIVT GPELML3&LEYG3LGPGÉL¶LLB QZLVT HT3LR EYLP FTC have adopted one village each for undertaking
ELT WBYI²3L GE¶LL H4 UHL MLP;UGVE MRGPÉLLWLTB EL GV&LL;L> developmental activities, wherein developmental works like,
-EXZLTB ET GZ E\LL B> Y[L&L *LR-3LELZ¶L> WL4LÉLLZ¶L> <LTZ ET construction of public conveniences, class-rooms for schools,
&L4OLVLTB> *LB<LT> PL7K EXZK U4MT GPELML3&LE EL¶LLT ELT MBQLGZ3L village library, dispensary, playgrounds, providing fans, water
GE¶LLUL3LLH4" coolers etc. to schools are being undertaken.
84
okf"kZd fjiksVZ
ETOL4KLV&LLQ;3LE> ¾27IMI^LKLÈGL\LLEL¶L;¹&LLTB During 2014-15 upto March, 2015, FTCs have trained 137755
EIMHL¶L3LLMT &LGHZLWLTB MGH3L0¶LG%S¶LLTB ELT ÈGL\LL persons including 25226 women with the help of 4210 training
programmes. FTCs have also organised 72 Human Health
GO¶LL Y¶LL" CM WPGÉL ET OL4KLV ¾27IMI ^LKL &LLVP -PL-'¶L ULQ Check Up Camps, 126 Animal Health Check Up Camps and
GLGPK>*LLR -PL-'¶LULQGLGPKWL4K²GLGPPGP]LZ¶LLTB!EL8ZTULTB! also arranged 104 visits to Agriculture Universities/Colleges/
&LTZLTB!MKELKI¾2L&LLTWLGOETOL4KLTBEI0¶LP-'LL)LIEIYC;" Fairs/Govt. Farms etc.during this period.
*LI V$LIL3LL$OIY[L&LILGPELM7-7 *LI V$LIMIWLK.I7I

7. PNB Centenary Rural Development Trust (PNB CRDT):
Y[L&LIL GPELM &LBLLZ¶L> )LLK3L MKELK ET GOLLGVOT;LLTB ET WVRMLK> As per the Ministry of Rural Development, Govt. of India
guidelines Bank has established 54 PNB Rural Self Employment
*LI V$LIL3LL$OIY[L&LILGPELM6¶LLMET3L3PLPÉLLV&LTB$L4BEVTMB$LBGÉL3L Training Institutes (PNBRSETIs) in it’s lead districts as well as
M Z$LIMI^LKLWLPBG73LWY[LIGUZLTB PB Y4KWY[LIGUZLTB &LTB in non-lead districts allotted by the concerned SLBC under the
*LI V$LIY[L&LIL-PKLTUYLKÈGL\LLMB-'LLVLTB *LI V$LIWLK MC;7IWLC;
aegis of PNB Centenary Rural Development Trust.The land is
EI-'LL*LVLEIH4"WLK MC;7IWLC;)LPVETGV&LL;LHT3LRMB$LBGÉL3LKL5¶L alloted by the concerned State Government free of cost/ on
lease basisfor construction of RSETI building.
MKELK^LKL)LXG&LELWLPB7VGVLR:E!*L7_7LWLÉLLK*LKGE¶LLY¶LL"
GPºLI¶LPL;ETOL4KLV&LLQ;3LE>CVET6ÇLTB&LTB During the F.Y. 2014-15, upto March’2015, 30503 persons
0¶LG%S¶LLTBELTÈGLG\L3LGE¶LLY¶LLGUV&LTB$LI*LI Z*LGKPLKLTBMT'LT have been trained in these centers out of which 8524 belongs
to BPL families and 18450 were women.
WL4K&LGHZL B'LIB"
H&LLKTWLK MC;7IWLC;M&LLPTLIGPELMETGZ *L¶LL;*3LLMRGVG1L3LEK3LT Our RSETIs are focusing to increase the rate of settlement of
HR MH)LLGY¶LLTB EIMT7Z&LT7B OKELT$LLVT*LKÉ¶LLVETGB Ç3LEKKHTH4"B participants by ensuring adequate credit for inclusive growth.
GPºLI¶LML\LK3LLET6Ç ¾2 ZMI

8. Financial Literacy Centres (FLCs)
GPºLI¶LML\LK3LLET6ÇGPºLI¶LGL\LLÈOLVEKVTETGZ WLKB)LGE Y The Financial Literacy Centres were introduced to impart

'LT"WLK$LIWLC;ETGOLLGVOT; LLTB ETWVRMLK>È3¶LTE$L4E B MTNVM)LIGUZLTB financial education. As per the RBI guidelines, each Bank is
expected to open an FLC in every district where it has lead
&LTB E ¾2 ZMI<LLTZVTEIW*LT\LLEIUL3LIH4UHLCVET*LLMWY[LI responsibility. Our Bank has lead bank responsibility in 63
$L4EB ELOLG¶L3PH4"H&LLKT$L4E B ETGUZLTB &LTB WY[LIOLG¶L3PH4B PBH&LVT districts and we have opened FLCs in 60 lead districts. In
WY[LIGUZLTB &LTB ¾2 ZMI<LLTZT H4"B CMETWG3LGK%S>$L4E B VT-P3LBL addition to this, bank has opened one FLC in Karol Bagh,
*LGKMKLTB ETML'LEKLTZ$LLY>GOkI&LTB E ¾2 ZMI>ETKZ&LTB ¾2 ZMI Delhi, 3 FLC in Kerala and 40 FLCs in Lead Districts outside
PB Z.I &LWLTETEL¶L;\LTLET$LLHKWY[LIGUZLTB &LTB ¾2 ZMI<LLTZT LDMO’s with indepandent premises taking the total number
of FLCs to 103.
H4B GUMMT ¾2 ZMIEIERZMB<¶LLHLTYC;H4"
¶LHETÇB $L4B EYMT MB$LBGÉL3LGPºLI¶L&LRÎLT>B ¶L'LLU&LLKLGL¶LLT>B VLT G»Z<LL3LT These centres are providing the face to face counselling on
financial issues related to banking viz. deposits, opening of No
<LLTZVT>GVPLKE PBN*LQLKL3&LEL*LKL&LL;OTV>T WLGO*LK0¶LG%SY3L*L
frill Accounts, preventive and curative credit conselling etc.
MTELNBMZYÈOLVEKKHTH4"B PL;ETOL4KLV&LLQ;3LE> During the year 2014-15 upto March’ 2015, 243315number
¾2 ZMI&LTB *LX/3LL/EIYC;B PB ¾2 ZMI^LKLWL¶LLTGU3L of enquiries were made in the FLCs and 341771 persons
MTG&LVLKLTB &LTB 0¶LG%S¶LLTB VT)LLYGZ¶LL" attended the 8008 seminars conducted by FLCs.
Y[L&LIL\LTLLTB &LTB GPºLI¶LML\LK3LLELT$LLPLOTVT WL4KH&LLKT$L4E
B EI¶LLTUVLWLTB To promote financial literacy in rural areas and to create
ETGPL¶L&LTB ULYE3LLZLVTETGZ EPAºLGQL??PKOLVZL86QGE¶LL awareness about our Bank’s schemes a Documentary Film
‘VARDAAN’ has been launched.
Y¶LL"
VC;GVG*L3L¶LLTUVL B New schemes Formulated
q $LOZ3LT*LGKOA¶LETML'L3LLZ&LTZ$LVL K<LVTETGZ $L4BEVT²GL q To keep pace with changing scenario Bank formulated
following new schemes to boost Agriculture credit;
LLTBELT$LLPLOTVTHT3LRGV&VGZG<L3LVC;¶LLTUVL B3L4¶LLKEIH4B:
1 PNB DugdhVikasYojna : For setting up of Milk
*LI V$LIOR9ÉLGPELM¶LLTUVL:Y[L&L-3LKI¶LOR9ÉLMLTML¶L7IMHE collection centers; for purchase of Milchcattles,
LKIOR9ÉLMB LLTB 3L'LLGVUI.T¶LKIEB*LVIETML'LY#ULT. 0¶LP-'LL construction of sheds and meeting working capital
ET3LH3LOR9ÉLMBYH[ ETÇB LTB EI-'LL*LVL;ORÉLL*LLRWLTB EI<LKIO> requirements of Farmers under Tie-up arrangements
LT.ET GV&LL;LWL4KGEMLVLTB EIEL¶L;LIZ*LXU B IWLP¶LE3LLWLTB with Village level Milk Society / Co-operative Milk
Unions and Private Dairy Company.
EI*LX3LETGZ "
0¶LLPMLG¶LENÎT¶LHT3LRGEMLVLTB^LKLU4GPE²GLELT$LLPL 2 For promoting Organic Farming by the Farmers for
OTVTETGZ " Commercial purpose.
85
WVR$LBÉL²GL0¶LP-'LLET3LH3LGEMLVLTB!N3*LLOELTBETGPºL*LLTLL 3 Scheme for financing to Farmers / Producers under
EI¶LLTUVL" Contract Farming arrangements.
*LBUI²3L²LEN3*LLOEMBY#VLTB ¾2*LIWLT
PB²LEN3*LLOE 4 Scheme for financing to Registered Farmer Producer
EB*LGV¶LLTB ¾2*LIMI
ETGPºL*LLTLLEI¶LLTUVLELTWVR&LLTOVÈOLV Organizations (FPOs)& Farmer Producer Companies
GE¶LLY¶LLH4"CM¶LLTUVLET3LH3L M ¾2 MIETWB3LY;3LEPK (FPCs) has been approved. Under the scheme FPCs
may be offered loans up to Rs.1.00 crore without any
HLTVT EIL3L;*LK ¾2*LIMIELTGEMI)LIMB*LLPEETG$LVL
collateral subject to cover under Credit Guarantee
ÈKLT. 3LEETLN*LZ$ÉLEKL ULMESTH4"B N%S Fund of SFAC. MOU has been signed with SFAC to seek
¶LLTUVLET3LH3LYLKB7IEPKÈL*3LEKVTHT3LR M ¾2 MIETML'L guarantee cover under the said scheme.
M&LL43LL,L*LV*LKH-3LL\LKGE Y "
q To provide relief to farmers who suffer losses due to
q NVGEMLVLTB ELTKLH3LÈOLVEKVTETGZ ULTW*LVTGV¶LBLLMT$LLHK
reasons beyond their control, policy for restructuring of
ETELKLLTB ÈL²G3LEWL*LOLELT/LT.E K
EIPUHMTHLGVN#L3LT Agriculture Debts has been formulated (other than natural
H4>B ²GLLLTB ET*LRVY;#VEIVIG3LGVG*L3LEIYC;H4"²GLWG3LOT¶L calamity). Under the policy power for restructuring of
KLGL¶LLTB &LXZÉLVWL4K$¶LLUET*LRVY;#VEIVIG3LET3LH3L` Agriculture overdues - principal & interest is vested with
ZL<L3LEET LLTB ELT LL<LLWGÉLELGK¶LLTB &LTB GVGH3LGE¶LLY¶LL" Branch Officials for loans up to Rs. 10.00 lacs. To meet
GEMLVLTB EI3L3ELZWLP¶LE3LLWLTB ELT*LXKLEKVTETGZ >GEMLV urgent need of farmers immediate relief uptoRs. 50000/-
3L3ELZEL.;¶LLTUVLU4MIMRGPÉLLWLTB ET3LH3LETMIMIÉLLKEGEMLVLTB may be provided to KCC farmers under facilities like
ELT`!SEEI3L3ELZKLH3LÈOLVEIULME3LIH4" KishanTatkal Card Scheme.
Y WLYTEIKLH C. Road ahead

Our sense of responsibility towards all stakeholders shapes
M)LIGH3LÉLLKELTBETÈG3LGU&&LTOLKIEIH&LLKI)LLPVLH&LLKTGPQLKLTB3L'LL both our thoughts and our actions. It is firmly anchored in our
EL¶LLTELTWLELKÈOLVEK3LIH4"¶LHH&LLKI&LX:¶L+AB<LZL&LTB>ELKLT$LLK value chain, in each and every sector of business and across
ETÈ3¶LTE\LTL&LTB3L'LL$L4BEETM)LI-3LKLTB*LK>&LuL$LX3LIMTM&LLC;HRC; all levels of the Bank. As such, we plan to have a wider and
H4"W3L4P>H&LVTQLZXPL;ETOL4KLVOTL)LK&LTBMI MWLKYG3LGPGÉL¶LLTB deeper reach of CSR activities across the country during the
current year.
EI0¶LL*LEWL4KYHKI*LHRQ$LVLVTEI¶LLTUVL$LVLC;H4"
$L4BE ^LKL *LHZT MT HI WL¶LLTGU3L EI UL KHI GVYG&L3L ML&LLGUE Need was felt to focus the coverage of Corporate Social
NºLKOLG¶L3P YG3LGPGÉL¶LLTB EI EPKTU *LK É¶LLV ETG6Ç3L EKVT EI Responsibility Activities which are already undertaken by the
Bank. Accordingly, the activities undertaken by the Bank for
WLP¶LE3LL &LHMXM EI YC;" 3LOVRMLK> $L4BE ^LKL M&LLU ET M3L3L the sustainable socio economic development of the society
ML&LLGUE WL'LE GPELM ET GZ EI YC; YG3LGPGÉL¶LLB> ULT &LLVP which contribute significantly for upliftment and betterment
UIPVETN3'LLVWL4K$LTH3LKIETGZ &LH3P*LXL;¶LLTYOLVEK3LIH4B>¶L'LL of human life such as running of `PNB Hockey Academy’,
adaptation of villages under `PNB Vikas Scheme’, maintaining
?*LI V$LIHL8EIWELO&LIELMBQLZVEKVL>?*LI V$LIGPELM¶LLTUVL of `PNB Farmers’ Welfare Trust’ and administrating `RSETIs’
ET 3LH3LYLBPLTB ELT W*LVLVL>?*LI V$LI²LEE:¶LLL6¶LLM$LVLVL> including `Financial Literacy Centres (FLCs)’ shall be making
3L'LL?GPºLI¶LML\LK3LLET6ÇLTB ¾2 ZMI
MGH3LWLK MC;7IWLC; EL concentrated efforts towards its activities under Corporate
ÈLLMV EKVL> GVYG&L3L ML&LLGUE NºLKOLG¶L3P ET 3LH3L $L4BE EI Social Responsibility.
YG3LGPGÉL¶LLTBEIGOLL&LTB ELY[È¶LLMEKTBYI"
We shall be ensuring full achievement of numerical and
H&L M&LY[ M&LLU ET GZ N1Q -3LK ET OA¶L3LL WL4K ZL)L MGH3L financial budgets with a high level of visibility and benefit to
MB<¶LL3&LEWL4KGPºLI¶L$LU7EI*LXL;ÈLG*3LMRGVG1L3LEKTBYT" the society at large.
86
okf"kZd fjiksVZ
ELKLTDLKNºLKOLG3PGKJLT7; Business Responsibility Report

WVR)LLY EB*LVIET$LLKT&LTBML&LL6¶LMXQVL Section A: General Information about the Company
EB*LVIEIEL8K*LLTKT7*LHQLV ZLYXVHIB 1. Corporate Identity Number Not Applicable
MB<¶LL MIWLC; V
(CIN) of the Company
EB*LVIELVL&L *LBUL$LV4LVZ$L4BE 2. Name of the Company Punjab National Bank
*LBUI²3L*L3LL *LBUL$LV4LVZ$L4BE> 3. Registered address Punjab National Bank,
ÈÉLLVEL¶LL;Z¶L Head Office,
>)LI<LL UIEL&LL*ZTM> 7 Bhikhaiji Cama Place,
VC;GOkI New Delhi-110607
PT$LMLC7 www.pnbindia.in 4. Website www.pnbindia.in
C;&LTZWLC;.I cmd@pnb.co.in, 5. E-mail id cmd@pnb.co.in
eicmasd@pnb.co.in eicmasd@pnb.co.in
GPºLI¶LPL;GK*LLT7; 6. Financial Year reported 2014-15
EB*LVIGUV\LTL LLTB
MTMB$LH4 WL4]LTGYEYG3LGPGÉL¶LL8B 7. Sector(s) that the Company is engaged in (industrial activity
ELT.WVRMLK
code-wise)
¹MB EL¶L;\LTL SN Sectors
$L4EYMTPL B 1 Banking Services
MKELKIELKLT$LLK 2 Govt Business
&LQT7$LB4EY 3 Merchant Banking
¹TG.7EL.; 4 Credit Cards
UTBMIELKLT$LLK$LI&LL>&¶LXQRWZ¾2B.WLGO 5 Agency Business- Insurance,
Mutual Funds etc.
3LIVÈ&LR<LN3*LLO!MTPL B GU6HTB EB*LVIGV&L3LEK3LIH4!N*LZ$ÉL 8. List three key products/services that the Company
EKL3LIH4 3LRZV*LLETWVRMLK
manufactures/provides (as in balance sheet)
$L4BEW*LVT Y[LHELTB EIGPG)L£UK3LLTB WL4KWLELB\LLWLTB EI*LX3LET The Bank offers wide range of products and services to its
customers serving various needs and aspirations. Some of the
GZ N3*LLOLTB PBMTPLWLTBEI0¶LL*LE+AB<LZLN*LZ$ÉLEKL3LLH4"ER/
key products offered are:
È&LR<LN3*LLOCMÈELKH4B
U&LLKLGL¶LLB Deposits
q Current Accounts
q QLZX<LL3LL
q $LQ3LGVGÉL<LL3LL q Savings Fund Account
q MLPGÉLU&LL<LL3LL q Term Deposit Account
WGY[&L Advances
q Cash Credit
q VEOIL
q Term loans
q G&L¶LLOIL
q Bills Discounting
q G$LZ$L7_7LEKL
q Letters of Credit
q ML<L*LL
WVRLBYIMTPL B Ancillary Services
q ZL8EK q Lockers
q GV\LT*LLYLKMTPL B q Depository Services
q UIPVWL4KY4KUIPV$LI&LLELKLT$LLK q Life and Non life Insurance Business

q &¶LXQRWZ¾2B. q Mutual Funds
87
E
RZ-'LLVLTBEIMB<¶LLUHL8BEB*LVI^LKLELKLT$LLKYG3LGPGÉL¶LL8BEI 9. Total number of locations where business activity is
ULKHIH4B undertaken by the Company
WWB3LKL;rI¶L-'LLVLTBEIMB<¶LL È&LR<LETGPPKLÈOLVEKTB
a. Number of International Locations (Provide details of
major 5)
P3L;&LLV &LTB LL<LLWLTB &LRB$LC; &LTB E WL8¾2LLTK $L4BEY ¶LXGV7
Presently, the Bank has its overseas presence in 9 countries
MGH3L
>WVRLBGY¶LLTB>MB¶LR%SN]&L3L'LLÈG3LGVGÉLEL¶LL;Z¶LLTB by way of 4 branches (including one Offshore Banking
ET &LLÉ¶L&LMT $L4BEEIKLrLTB &LTB P4GPEN*LG-'LG3LH4>GUVET Unit in Mumbai, 3 Subsidiaries, 1 Joint Venture and 3
GPPKLGV&VLVRMLKH4B Representative Offices as per the following details:
EL¶LL;Z¶LLTBETÈELK ¹&LMB<¶LL -'LLV Type of office SN Destination

WL8¾2LLTK$L4BEY¶LXGV7>&LRB$LC; 1 Offshore Banking Unit, Mumbai
HLBYELBY&LTV 2 Hong Kong Main
LL<LL B Branches
ELNZXVHLBYELBY 3 Kowloon Hong Kong
.IWLC; ¾2MI>OR$LC; 4 DIFC, Dubai
*LI V$LIWLC; Z>¶LXET LL<LL B
1 PNBIL, UK (7 branches)
Subsidiary 2 DRUK PNB Ltd., Bhutan (5 Branches)
WVRLBYI .E*LI V$LIGZG&L7T.>)LX7LV LL<LL B
3 JSC SB PNB, Kazakhstan (4 Branches)
UT MMI M$LI*LI V$LI>EuLLE-3LLV LL<LL B
Joint Venture 1
Everest Bank Limited, Kathmandu, Nepal
MB¶LR%SN]&L PKT-7$L4E B GZG&L7T.>EL#&LLB.>X VT*LLZ LL<LL B
(52 Branches)
LB LLC;>QIV 1 Shanghai, China
ÈG3LGVGÉLEL¶LL;Z¶L OR$LC;>¶LX C; Rep Office 2 Dubai, UAE
GM.VI>WL8-7TGZ¶LL 3 Sydney, Australia
$LKLrI¶L-'LLVLTBEIMB<¶LL b. Number of National Locations

PNB has 13 Field General Manager Offices (FGMOs),
&LLQ;ELT*LI V$LIET¾2I:.&LHLÈ$LBÉLEEL¶LL;Z¶L ¾2UI &LWLT
> 69 Circle Offices, 6560 Branches and 8348 ATMs as on
&LB.ZEL¶LL;Z¶L>LL<LL B3L'LL 7I &LH4"B March 31st, 2015.
EB*LVI^LKLMTGP3L$LLULK-'LLVI¶L!KL5¶L!KLrI¶L!WB3LKL;rI¶L 10. Markets served by the Company – Local/State/National/

International
PAHOLL<LLVT7PE;MGH3LKLrI¶L3L'LLWB3LKL;rI¶L$LLULK"
Both National and International markets with large branch
WVR)LLY$LIEB*LVIETGPºLI¶LGPPKL network.
QRE3LL*LXBUI WLC; VWLK

` EKLT. Section B: Financial Details of the Company
ERZELKLT$LLK WLC; VWLK
` EKLT. 1. Paid up Capital (INR) `. 370.9 crore
EKLTBET*L1LL3L_ERZZL)L WLC; VWLK

` EKLT. 2. Total Business (INR) `. 881913 crore
3. Total profit after taxes (INR) ` 3062 crore
E
K *L1LL3L_ ZL)L ET ÈG3LL3L ET *L &LTB GVYG&L3L ML&LLGUE
NºLKOLG¶L3P MI MWLK
*LKGE¶LLY¶LLERZ0¶L¶L %
4. Total Spending on Corporate Social Responsibility (CSR) as
percentage of profit after tax (%)
GPºLI¶LPL;ETOL4KLVMI MWLKYG3LGPGÉL¶LLTB*LKGE¶LLY¶LLERZ
During FY’15, the total spending on CSR activities was
0¶L¶L`ZL<L'LL"¶LHEK*L1LL3L_ZL)LEL'LL" Rs 375.89 lakh. This constituted 0.12% of Profit after Tax.
YG3LGPGÉL¶LLTB EIMXQIGUV&LTB N*L¶LR;%S&LTB NGkG<L3L0¶L¶LGE 5. List of activities in which expenditure in 4 above has been
Y H4B incurred:-
NºLKL<LB.&LTB*LRVPL;MEL¶L; OLVET3LH3L
a. Rehabilitation work in Uttarakhand (Under Donation)
$LI GQGE3MLGLGPK b. Medical Camps
MI ²GLGPPGP]LZ¶LLTB&LTBGEMLVLTBETOL4KLTBMGH3L c. Farmers Training including visits of farmers to Agriculture
²LEÈGL\LL Universities.
.I PA\LLKLT*LL d. Tree Plantations
88
okf"kZd fjiksVZ
C; K%SOLVGLGPK e. Blood Donation Camps

¾2²GL&LWBYLTBELGP3LKL f. Distribution of Artificial Limbs
UI *LI V$LIHL8EIWELO&LI g. PNB Hockey Academy
WVR)LLYMIW6¶LGPPKL Section C: Other Details
%¶LLEB*LVIEIELTC;WVRLBYIEB*LVI!EB*LGV¶LLBH4B= 1. Does the Company have any Subsidiary Company/
Companies?
HL8>$L4BEEIQLK LKTZXWVRLBGY¶LLBH4B>¶L'LL
Yes, the Bank has four domestic subsidiaries viz.:
*LI V$LIGY:7_MGZG&L7T.
$LI *LI V$LIHLNMY¾2LCVTBMGZG&L7T. a. PNB Gilts Ltd.
b. PNB Housing Finance Ltd.
MI *LI V$LIC6PT-7&LTB7MPMTUGZG&L7T.
c. PNB Investment Services Ltd.
.I *LI V$LICB¶LLTKTBMD[LTEYÈLCPT7GZG&L7T.*
d. PNB Insurance Broking Pvt. Ltd.*
* *LI V$LI CB¶LLTKTBM D[LTEY ÈLCPT7 GZG&L7T. GVG¹¶L H4" D[LTEY ZLCMTBM * PNB Insurance Broking Pvt. Ltd is non functional. The broking License
MKTB.KGE¶LLULQRELH4 3L'LLEB*LVIET M&LL*LVHT3LR EO&LN#L UL has been surrendered and steps are being taken for winding up of the
company.
KHTH4B"
The three International Subsidiaries of the Bank are:
$L4BEEI3LIVWB3LKL;rI¶LWVRLBGY¶LLBH4B a. Punjab National Bank (International) Ltd, UK.
*LBUL$LV4LVZ$L4BE CB7KVTLVZ
GZG&L7T.>¶LXET b. Druk PNB Bank Ltd
$LI .E*LI V$LI$L4BEGZG&L7T.>)LX7LV c. JSC SB PNB Kazakhstan
MI UT MMI M$LI*LI V$LI>EuLLE-3LLV
%¶LL &LXZ EB*LVI ET ELKLT$LLK NºLKOLG¶L3P *LHZ &LTB WVRLBYI 2. Do the Subsidiary Company/Companies participate in the
E*LBVI!EB*LGV¶LL8BMH)LLGY3LLEK3LIH4B=¶LGOHLB>3LLT TMIWVRLBYI BR Initiatives of the parent company? If yes, then indicate
EB*LVI ¶LLTB
EIMB<¶LLOTB the number of such subsidiary company(s)
VHIB" No.
%¶LL ELTC; W6¶L MB-'LL!MB-'LL B W'LL;3L_ WL*LX3LE3LL;> GP3LKE 3. Do any other entity/entities (e.g. suppliers, distributors
C3¶LLGO
>GUMET!GUVETML'LEB*LVIELKLT$LLKEK3LIHLT>EB*LVI etc.) that the Company does business with, participate in
EIELKLT$LLKNºLKOLG¶L3P*LHZ&LTBMH)LLGY3LLEK3LIH4B=¶LGOHLB> the BR initiatives of the Company? If yes, then indicate the
3LLT TMIMB-'LL!MB-'LLWLTB ELÈG3LL3L$L3LL B %MT E&L> percentage of such entity/entities? [Less than 30%, 30-60%,
MT%>%MTWGÉLE
More than 60%]
No
VHIB"
WVR)LLY.IELKLT$LLKNºLKOLG¶L3PMXQVL Section D: BR Information
ELKLT$LLKNºLKOLG¶L3PETGZ NºLKOL¶LIGVOTLE!GVOTLELTBELGPPKL 1. Details of Director/Directors responsible for BR
W ELKLT$LLK NºLKOLG¶L3P VIG3L!VIG3L¶LLTB ET EL¶LL;6P¶LV HT3LR NºLKOL¶LI a. Details of the Director/Directors responsible for
GVOTLE!GVOTLELTBETGPPKL implementation of the BR policy/policies
¹MB $¶LL4KT GPPKL Sr No. Particulars Details

.IWLC; VMB<¶LL 1 DIN Number 06861202
VL&L +IETPID[ÄLUIKLP 2 Name Shri K.V. Brahmaji Rao
*LOVL&L EL¶L;*LLZEGVOTLE 3 Designation Executive Director
$L ELKLT$LLKNºLKOLG¶L3PÈ&LR<LELGPPKL b. Details of the BR Head

¹MB $¶LL4KT GPPKL Sr No. Particulars Details
.IWLC; VMB<¶LL ZLYXVHIB 1 DIN Number Not Applicable
VL&L +I.IETU4V 2 Name Shri D.K. Jain
*LOVL&L &LHLÈ$LBÉLE> È$LBÉLV *LKL&LL; MTPL B 3 Designation General Manager, Management
È)LLY Advisory Services Division
OXK)LLLMB<¶LL 4 Telephone Number 011-26196852
C;&LTZWLC;.I dkjain@pnb.co.in
5 e-mail id dkjain@pnb.co.in
89
GMLB3LPLK VPIUIETWVRMLK
$LIWLKVIG3L!VIG3L¶LLB NºLKHLB!VHIB&LTBOTB
GH3LÉLLKELTBMT
&LLVPLGÉLELK
Y[LHEMB$LBÉL
MB$LBÉL PB
NºLKOLG¶L3P
E&L;QLKI
MLP;UGVE
MI MWLK
MI MWLK
*L¶LL;PKL
ELKLT$LLK
V4G3LE3LL
E:¶LLL
N3*LLO
VIG3L
¹&LMB ÈV
*LI *LI *LI *LI *LI *LI *LI *LI *LI

%¶LLWL*LET*LLMETGZ VIG3L!VIG3L¶LL8BH4=
HLB HLB HLB HLB HLB HLB HLB HLB HLB
%¶LLVIG3LELGVÉLL;KLMB$LGH3LÉLLKELTBET*LKL&LL;MTGE¶LLY¶LLH4=
HLB HLB HLB HLB HLB HLB HLB HLB HLB
%¶LLVIG3LGEMIKLrI¶L!W63LKL;rI¶L&LLVELTB ELT *LXKLEK3LIH4=¶LGOHLB 3LLT PL;V

EKTB= L$OLTB&LTB
* HLB HLB HLB HLB HLB HLB HLB HLB HLB
%¶LLVIG3L$LLT.; ^LKLWVR&LLTGO3LEIYC; H4=¶LGOHLB 3LLT %¶LL¶LT &L.I!-PL&LI!

MIC;WLT!¶L'LLTGQ3L$LLT.;GVOTLE^LKLH-3LL\LGK3LH4= HLB HLB HLB HLB HLB HLB HLB HLB HLB
%¶LLVIG3LETEL¶LL;6P¶LVEIOT<LKT<LHT3LREB*LVI&LTB$LLT.;!GVOTLE!WGÉLELKIEI
ELTC;GPLTLMG&LG3LH4= HLB HLB HLB HLB HLB HLB HLB HLB HLB
WL8VZLCVOT<LTULVTHT3LRVIG3LELZE$L3LL B=
%¶LL VIG3L ET GPL¶L &LTB M)LI ÈLMBGYE WLB3LGKE PB $LLÂ GH3LÉLLKELTB ELT
WL4*LQLGKE*LMTMXGQ3LEKGO¶LLY¶LLH4= HLB HLB HLB HLB HLB HLB HLB HLB HLB
%¶LL VIG3L!VIG3L¶LLTB ELT ZLYX EKVT ET GZ EB*LVI &LTB ELTC; WLB3LGKE MBKQVL
N*LZ$ÉLH4= HLB HLB HLB HLB HLB HLB HLB HLB HLB
%¶LLVIG3L!VIG3L¶LLTBMTMB$LBGÉL3LGH3LÉLLKELTBEIGLEL¶L3LLTBETM&LLÉLLVHT3LREB*LVI&LTB
VIG3L!VIG3L¶LLTBMB$LBÉLIELTC;GLEL¶L3LGVPLKL3LBLH4= HLB HLB HLB HLB HLB HLB HLB HLB HLB
%¶LLEB*LVIVTGEMIWLB3LGKEW'LPL$LLÂ UTBMI^LKLCMVIG3LETEL¶L;QLZV
EL-P3LBLZT<LL*LKI\LL!&LX:¶LLBEVEKL¶LLH4= VHIB VHIB VHIB VHIB VHIB VHIB VHIB VHIB VHIB
* ¶LHVIG3LEL8*LLT;KT7EL¶L;&LBLLZ¶L^LKLÈELGL3LKLrI¶L-P4G1/EGOLLGVOT;LLTBETWVR*LH4"
¶LGO¹&LMBETGEMIGMLB3LELNºLK?VHIBH43LLT²*L¶LL0¶LL<¶LLEKTBGE TML%¶LLTBH4= GPE:*L3LEWBGE3LEKTB

¹MB ÈV *LI *LI *LI *LI *LI *LI *LI *LI *LI
EB*LVIGMLB3LLTBELTM&LVHIB*LLC;H4
EB*LVINM-3LK*LKVHIBH4UHLBGVÉLL;GK3LGMLB3LLTBETWVRMLKVIG3L¶LLTB
ELTGVG*L3LPZLYXEKMET
EB*LVI ET *LLM CM EL¶L; HT3LR GPºLI¶L W'LPL UVLG%S MBMLÉLV
N*LZ$ÉLVHIBH4B ZLYXVHIB
WYZT&LLHETWBOK TMLEKVTEI¶LLTUVLH4
WYZTPL;ETWBOK TMLEKVTEI¶LLTUVLH4
ELTC;W6¶LELKL ²*L¶LL0¶LL<¶LLEKTB
ELKLT$LLKNºLKOLG¶L3PMTMB$LBGÉL3LWG)LLLMV
q PHWLPAGºL$L3LL BGUM&LTBGVOTLE&LB.Z>$LLT.;EIMG&LG3LW'LPLMIC;WLTEB*LVIETELKLT$LLKNºLKOLG¶L3PETGV*LLOVEL&LX:¶LLBEV
EK3LTH4B"&LLHETWBOK>MT&LLH&LTB>ÈG3LPL;> EPL;MTWGÉLEM&L¶L&LTB=
$L4BEETELKLT$LLKNºLKOLG¶L3PGV*LLOVET&LX:¶LLBEVHT3LR$LLT.;GVOTLELTBEIPLLE$L4#EHLT3LIH4"
q %¶LLEB*LVI$LIWLKW'LPLG-'LK3LL M-7TVG$Z7I
GK*LLT7;ELÈELLVEK3LIH4=CMTOT<LVTETGZ HLC*LKZE%¶LLH4=
$L4BE$LIWLKGK*LLT7;ÈELGL3LEK3LLH43L'LLCMTOT<LVTETGZ HLC*LKZEwww.pnbindia.inH4"¶LHGK*LLT7;PLLE*LMTÈELGL3LEIUL3LI
H4WL4K$L4BEEIPLLEGK*LLT7;ELGH-MLHLT3LIH4"
90
okf"kZd fjiksVZ
2. Principle-wise (as per NVGs) BR Policy/policies (Replyin Y/N)
Customer Rela-
Business Ethics
Engagement &
Human Rights
Responsibility
Public Policy
Wellbeing of
Environment
Stakeholder
Employees
Product
S.No Questions
tions
CSR
CSR
P1 P2 P3 P4 P5 P6 P7 P8 P9
1 Do you have policy/policies for....? Y Y Y Y Y Y Y Y Y
2 Has the policy being formulated in consultation with the Y Y Y Y Y Y Y Y Y

relevant stakeholders?
3 Does the policy conform to any national /international Y Y Y Y Y Y Y Y Y
standards? If yes, specify?(50 words)*
4 Has the policy been approved by the Board? Is yes, has it been Y Y Y Y Y Y Y Y Y
signed by MD/owner/CEO/appropriate Board Director?
5 Does the company have a specified committee of the Board/ Y Y Y Y Y Y Y Y Y
Director/Official to oversee the implementation of the policy?
6 Indicate the link for the policy to be viewed online?
7 Has the policy been formally communicated to all relevant Y Y Y Y Y Y Y Y Y
internal and external stakeholders?
8 Does the company have in-house structure to implement the Y Y Y Y Y Y Y Y Y
policy/policies?
9 Does the Company have a grievance redressal mechanism re- Y Y Y Y Y Y Y Y Y
lated to the policy/policies to address stakeholders’ grievances
related to the policy/policies?
10 Has the company carried out independent audit/evaluation of N N N N N N N N N
the working of this policy by an internal or external agency?
* The policy is in conformity with the National Voluntary Guidelines brought out by the Ministry of Corporate Affairs.
2a. If answer to S.No. 1 against any principle, is ‘No’, please explain why: (Tick up to 2 options)
S.No. Questions P1 P2 P3 P4 P5 P6 P7 P8 P9
1 The company has not understood the Principles
The company is not at a stage where it finds itself in a
2 position to formulate and implement the policies on speci-
fied principles
The company does not have financial or manpower re- NOT APPLICABLE
3
sources available for the task
4 It is planned to be done within next 6 months
5 It is planned to be done within the next 1 year
6 Any other reason (please specify)
3. Governance related to BR
q Indicate the frequency with which the Board of Directors, Committee of the Board or CEO to assess the BR performance of
the Company. Within 3 months, 3-6 months, Annually, More than 1 year.
The Board of Directors meets annually to assess the BR performance of the company.
q Does the Company publish a BR or a Sustainability Report? What is the hyperlink for viewing this?
The Bank publishes the BR report and the hyperlink for viewing this is www.pnbindia.in This report is published annually & is a
part of the Bank's Annual Report.
91
WVR)LLYC;GMLB3LPLKGV*LLOV Section E: Principle-wise Performance
GMLB3LELKLT$LLKELTV4G3LE3LL>*LLKOL3LL PBUPL$LOTHIETML'L Principle 1: Businesses should conduct and govern themselves

with Ethics, Transparency and Accountability
-P¶LBELTMBQLGZ3L PBGV¶LBGL3LEKVLQLGH "
1. Does the policy relating to ethics, bribery and corruption
%¶LLV4G3LE3LL>GK½³3LP)L[rLQLKMT MB$LBGÉL3LVIG3LETPZEB*LVI cover only the company? Yes/ No. Does it extend to the
ELT EPK EK3LI H4= HLB!VHIB" %¶LL ¶LH M&LXH!MB¶LR%S N]&L! Group/Joint Ventures/ Suppliers/Contractors/NGOs /
WL*LX3LE3LL;!MBGPOLELKLTB! VUIWLT!W6¶LELT)LIEPKEK3LIH4= Others?
$L4E B $LTH3LK EL*LLTK; 7T WG)LLLMV ET GZ ÈG3L$L H4 ULT GH3LÉLLKELTB ET The Bank is committed to good corporate governance which
promotes long term interest of stakeholders. It also strengthens
OI L;ELGZEGH3LELT $LLPLOT3LLH4"¶LH$LLT.; PB È$L6ÉLVEIUPL$LOTHI Board and management accountability and builds public trust in
ELT)LI&LuL$LX3LEK3LLH43L'LL$L4E B &LTB UV3LLELGPPLM*L4OLEK3LLH4"$L4E
B the Bank. The Bank’s accountability policy covers ethics, bribery,
EIUPL$LOTHIVIG3L&LTB V4G3LE3LL>GKP3L>)L[rLQLKWL4KMB$LBGÉL3L&LRÎT LLG&LZ corruption and related issues. It has an effective mechanism to check
H4"B CM&LTB )L[rLQLK>EOLQLK>Y$LV3L'LLGVGÉL¶LLTB ETOR*L¶LLTYELTKLTEVTEI corruption, malpractices, embezzlements and misappropriation
of funds. It also follows the guidelines strictly as per the Vigilance
È)LLPLLZI 0¶LP-'LL H4" ¶LH ET6ÇI¶L M3LE;3LL WL¶LLTY ^LKL ULKI M3LE;3LL
Manual issued by Central Vigilance Commission.
&L4VW R ZETWVRMLKGOLLGVOT; LLTB ELM<3LIETML'L*LLZV)LIEK3LIH4"
The policy is presently applicable only to the Bank. However,
P3L;&LLV&LTB ¶LHVIG3LETPZ$L4BE&LTB ZLYX H4"3L'LLG*L>ÉLIKTÉLIKT CM&LTB it will be gradually extended to cover subsidiaries.
WVRLBGY¶LLTBELT)LIMG&&LGZ3LGE¶LLUL YL"
2. How many stakeholder complaints have been received in the
G*L/ZT GPºLI¶LPL; &LTB GH3LÉLLKELTB MT GE3LVIGLEL¶L3LTB ÈL*3LHRC;B past financial year and what percentage was satisfactorily
3L'LLGE3LVT ÈG3LL3LELÈ$LBÉLV^LKLMB3LLTLUVEM&LLÉLLVGE¶LL resolved by the management? If so, provide details thereof,
Y¶LL=¶LGO TMLH43LLTZY)LYL$OLTB&LTBCMELGPPKLOTB" in about 50 words or so.
GPºLI¶LPL; ET OL4KLVGH3LÉLLKELTB MT ÈL*3LGLEL¶L3LLTB EIERZ The total number of complaints received from the shareholders
MB<¶LL H4 GUV&LTB MT GLEL¶L3LLTB %
EL MB3LLTLUVE during FY'15 is 67, out of which 66 complaints (98.51%) have
been resolved satisfactorily. The complaints relate to -
M&LLÉLLVGE¶LLY¶LL"GLEL¶L3LLTBELMB$LBÉLH4
1. Non receipt of dividend warrant.
ZL)LLBLPLKB7ELVHIBG&LZVL
2. Non receipt of Annual Report.
PLLEGK*LLT7;ELVHIBG&LZVL
3. Non receipt of share certificate.
LT¶LKÈ&LLL*LLELVHIBG&LZVL
¾2*LIWLTETOL4KLVLT¶LKLTBELE&L¹TG.7!Y4K¹TG.7HLTVL 4. Less credit/non credit of shares during FPO 2005.
LT¶LKLTBELÈTLL 5. Transmission of shares.
Y3LPLLTMTMB$LBGÉL3LZL)LLBLLTBEIY4KÈLG*3LW'LPL*LRKLVTZL)LLBLPLKB7LTB Also 2800 references were received for non receipt of dividend
or revalidation of stale dividend warrants in respect of earlier
ET*LRV&LX;:¶LVHT3LRMBO)L;)LIÈL*3LHR "M&L-3L&LL&LZLTBELÈLG*3L years. All the cases have been resolved within a period of 7
MTGOVLTBEIWPGÉLETWBOKM&LLÉLLVGE¶LLY¶LL" days of receipt.
GMLB3LELKLT$LLKELT TMT N3*LLOWL4KMTPL B ÈOLVEKVIQLGH ULT Principle 2: Businesses should provide goods and services that are
MRKG\L3LHLTB 3L'LLW*LVTM&*LXL;UIPVQ¹ETOL4KLVG-'LK3LL&LTB MHL¶LEHLT"B safe and contribute to sustainability throughout their life cycle
W*LVTB TMTN3*LLOLTBPMTPLWLTBEIMXQI$LVL BGUVEI*LKT<LL 1. List up to 3 of your products or services whose design has
incorporated social or environmental concerns, risks and/or
&LTB M&LLU¶LL*L¶LL;PKLMT MB$LBGÉL3LGPL¶L>ULTG<L&L3L'LL!W'LPL opportunities.
WPMKLLG&LZHLTB"
*LI V$LIOTLELTGPºLI¶LMTPL BÈOLVEKVTPLZL EWY[LI$L4E B H43L'LL PNB is a leading Bank in terms of providing financial services
$L4E
B GPELMMHL¶LEEIW*LVI)LXG&LELELT-PIELKEK3LLH4"$L4E B OTL to the country and the Bank acknowledges its role as a growth
enabler. The Bank plays an active role in the economic and
ETWL'LE PBML&LLGUEGPELM&LTB MG¹¶L)LXG&LELGV)LL3LLH43L'LLM&LLU social development of the country and various schemes
ETYKI$LPYLT ETN3'LLVHT3LRGPG)L£¶LLTUVLWLTB ELEL¶LL;6P¶LVGE¶LLY¶LL have been implemented to uplift the poor sections of the
H4" EMTPLMBY#VHLTVT ET VL3LT $L4E B <L3LKVLEÈ²G3LET N3*LLOLTB EL society. The Bank being a service organization does not deal
ZTVOTVVHIBEK3LLH4"ER/VPLT6&LTLIN3*LLO PBMTPL BCMÈELKH4B with products which are hazardous in nature. Some of the
innovative products and services include:
$LL¶LLT&LTG7E 7I &LEL.;¶LHEL.; GVK\LKW'LPLE&LML\LK
Y[LHELTB ELT$L4B EYMTPLWLTB ELN*L¶LLTYEKVTHT3LRM\L&L$LVL3LLH4"¶LH 1. Biometric ATM Cards: This card makes it possible for
illiterate or barely literate customers to use banking services.
WVRÈ¶LLTYEL.;ÉLLKEET¾2YKÈ7-E4VELN*L¶LLTYEKETÈLGÉL²3L The application supports transaction authorization using
ZTVOTVEKVT&LTB MHL¶L3LLEK3LLH43L'LLCMÈELK¶LHG$LVLG*LV fingerprint scans of the cardholder and thus enables them
ELN*L¶LLTYGE *L4MT GVELZVT&LTB N6HTB M\L&L$LVL3LLH4" to withdraw money without using PIN.
92
okf"kZd fjiksVZ
ÈL'LG&LE3LL\LTLELT L$L4BECV\LTLLTB ELT LOT3LLKHL 2. Priority Sector Lending: The Bank has been lending
H4 3LLGEÈL'LG&LE3LL\LTLHT3LR KLrI¶LZ\¶LLTB ELT ÈL*3LGE¶LLUL to these sectors so as to achieve the National Goals for
MET"ÈL'LG&LE3LL\LTLET 3LH3LLÈOLVEKVT ELM&LLUET Priority Sector. Lending under the Priority Sector has a
positive impact on the standards of living of the weaker
E&LULTKPYLTETUIPV-3LK*LKMELKL3&LEÈ)LLP*L.3LLH4%¶LLTBGE sections of society by providing them with the funds to
¶LTLZ LRN]LTYLTBELTLREKVTHT3LRN6HTBGVGÉL¶LL8BÈOLVEK3LT start small businesses and become self reliant. It has a
H4B 3L'LLWL3&LGV)L;K$LVL3LT H4B"¶LH EML&LLGUENÎT¶LH4 3L'LL social objective and the Bank is serious about complying
$L4BEGOLLGVOT;LLTBELWVR*LLZVEKVT3L'LLM&LLULT3'LLVHT3LRW*LVL with the guidelines and making its contribution to social
¶LLTYOLVEKVTETÈG3LYB)LIKH4" upliftment.
MKELKI¶LLTUVLWLTB&LTB)LLYIOLKI$L4BE)LLK3LMKELKEIGPG)L£ 3. Participation in Government Schemes: The Bank is pro-
¶LLTUVLWLTB> W'LL;3L_ ÈÉLLV&LBLI UV ÉLV ¶LLTUVL *LI &LUT.IPLC;
> actively participating in various schemes of the Government
of India, i.e. Pradhan Mantri Jan Dhan Yojana (PMJDY),
ÈÉLLV&LBLIKLTUYLKMAUVEL¶L;¹&L *LI &LC;UI*LI
MX\&L PB Z LR
Prime Minister Employment Generation Programme
N]&LLTBHT3LRLMH$L*LXBUIMG$M.I¶LLTUVL MI ZMI M M
> (PMEGP), Credit Linked Capital Subsidy Scheme (CLCSS)
<LLOI PB Y[L&LLT]LTYWL¶LLTY ETPIWLC;MI
3L'LLE*L.L PB UX7 for Micro & Small Enterprises, Khadi & Village Industry
\LTLETGZ ÈL4]LTGYEIN£¶LVGVGÉL¶LLTUVL 7I¶LX ¾2 M
><LL] Commission (KVIC) and Technology Upgradation Fund
ÈMB-EKLN]LTYLTBHT3LRMG$M.I¶LLTUVL>WLGO&LTBWY[MG¹¶L*LMT Scheme for Textile & Jute Sector (TUFS), Subsidy Scheme
MH)LLGY3LLEKKHLH4"¶LTM)LI¶LLTUVL B TMTGLG\L3L¶LRPLWLTB3L'LL for Food Processing Industries, etc. All these schemes offer
N)LK3LT N]G&L¶LLTB ELT GPºLI¶LMHL¶L3LLÈOLVEK3LIH4B ULT W6¶L'LL finance to educated youth and upcoming entrepreneurs
who would not be able to obtain the funds otherwise.
GVGÉL¶LLB ÈL*3L VHIB EK *LL3LT" CM ÈELK $L4BE ¶LRPLWLTB ET GZ
Thus the Bank contributes to generation of employment
KLTUYLKMAUV&LTB¶LLTYOLVEK3LLH4" for youth.
&LGHZLZL)LL'L¶LLTB ELT L&LGHZLZL)LL'L¶LLTB ELT GK¶LL¶L3LI 4. Credit to Women Beneficiaries: Credit is provided to
OKLTB*LKLÈOLVGE¶LLUL3LLH43L'LLEL8*LLT;KT7EL¶LL;Z¶L&LTB E women beneficiaries at subsidized rates and a dedicated
M&L*L3L&LGHZLÈELTsEL¶L;K3LH4ULT&LGHZLZL)LL'L¶LLTBHT3LRGPG)L£ Women’s Cell functions at Corporate Office which closely
L¶LLTUVLWLTBETWB3LY;3LHRC;ÈYG3LEI$LLKIEIMTGVYKLVIEK3LL monitors the progress under various lending schemes for
H43L'LLNVEIN)LK3LIWLP¶LE3LLWLTBETWVRMLK&LL4UXOL¶LLTUVLWLTB women beneficiaries and redesigns the existing ones as
ELT*LRVMKGQ3LEK3LLH4" per emerging needs.
5. Credit to MSME Sector: MSME Sector is an important
&L M &LC;\LTLELTL &L M &LC;\LTL E&LH3P*LXL;\LTL segment which plays an important role in the economy of
H4 ULT OTL EI W'L;0¶LP-'LL &LTB E &LH3P*LXL; )LXG&LEL GV)LL3LL the country. The Bank is extending credit to this segment
H4"$L4BEGPG)L£¶LLTUVLWLTBET&LLÉ¶L&LMTCM\LTLELTLÈOLV through various schemes and giving utmost importance
EKKHLH4 PBCMEIGPºLI¶LWLP¶LE3LLWLTBEI*LX3LELTW3¶LB3L towards catering the financial needs of this segment.
&LH3POTKHLH4"
TMT È3¶LTEN3*LLOET GZ N3*LLOEIÈG3LCELC; P4EG:*LE
2. For each such product, provide the following details in
*LKMBMLÉLVN*L¶LLTY ¦UL;>UZ>E1QL&LLZ>C3¶LLGO
ETMB$LBÉL respect of resource use (energy, water, raw material etc.)
per unit of product(optional):
&LTBGV&VGZG<L3LGPPKLÈOLVEKTB:
i. Reduction during sourcing/production/distribution
i. Y3LPL; MT M&*LXL; P4:¶LX QTV&LTB MLTMY!N3*LLOV!GP3LKLET achieved since the previous year throughout the value
OL4KLVWLC;E&LI= chain?
ii. Y3LPL;MTN*L)LLT%SLWLTB ¦UL;>UZ
^LKLN*L¶LLTYETOL4KLV ii. Reduction during usage by consumers (energy, water)
WLC;E&LI= has been achieved since the previous year?
MTPLMBY#VHLTVTETVL3LT¶LHWVR)LLYZLYXVHIBH4" Being a service organization this section is not
applicable.
%¶LLEB*LVIET*LLM-'LL¶LI°LT3LLTB *LGKPHVMGH3L
ETGZ ELTC; 3. Does the company have procedures in place for sustainable
EL¶L;ÈLLZIH4=¶LGOHLB3LLTWL*LETWLOLVLTBELGE3LVLÈG3LL3L sourcing (including transportation)? If yes, what percentage
-'LL¶LI *L MT °LT3L GE¶LL Y¶LL= ZY)LY L$OLTB &LTB CMEL of your inputs was sourced sustainably? Also, provide details
GPPKL)LIOIGU " thereof, in about 50 words or so.
Not Applicable for a Financial Institution.
GPºLI¶LMB-'LLVETGZ ZLYXVHIBH4"
%¶LLEB*LVIVTW*LVTEL¶L;-'LZETWLM*LLMET-'LLVI¶L PB/LT7T 4. Has the company taken any steps to procure goods and
N3*LLOELTBPM&LROL¶LLTBMTP-3LRWLTB PBMTPLWLTBEI<LKIOHT3LREO&L services from local & small producers, including communities
surrounding their place of work?
N#L H4B=¶LGOHLB 3LLT -'LLVI¶L PB /LT7T PTB.KLTB EI\L&L3LLWL4K
¶LLT9¶L3LLELT$LLVTHT3LR%¶LLEO&LN#L Y H4B= If yes, what steps have been taken to improve their capacity
and capability of local and small vendors?
GPºLI¶L MB-'LLV 3L'LL MTPL MBY#V HLTVT ET VL3LT -'LLVI¶L PB /LT7T Being a financial institution and a service organization,
N3*LLOELTBMTP-3LR B3L'LLMTPLWLTBET¹¶LEIYRBULCLMIG&L3LH4"$L4BE the scope to procure goods and services from local and
93
&L M &LC;NÉLLKE3LL;WLTBELTW*LVTWLOLVMX\&LN]&LLTBMTÈL*3LEKVT small producers is limited. The Bank encourages the MSME
HT3LRÈLT3MLGH3LEK3LLH4" borrowers to source their inputs from micro enterprises.
% ¶LLEB*LVI&LTBN3*LLOLTB PBEQKTET*LRVQ;¹LEIELTC;0¶LP-'LL 5. Does the company have a mechanism to recycle products and
waste? If yes what is the percentage of recycling of products
H4=¶LGOHL>3LLTN3*LLO3L'LLEQKTET*LRVQ;¹LELÈG3LL3L%¶LL and waste (separately as <5%, 5-10%, >10%). Also, provide
H4 *LA'LE*LMT<5%, 5%-10%- >10%ET*L&LTB
=ZY)LY details thereof, in about 50 words or so.
L$OLTB&LTBCMELGPPKL)LIOIGU " The Bank has an e–waste policy. The Bank purchases recycled
$L4BE EI E C;PT-7 VIG3L H4" $L4BE ¶L'LLMB)LP *L MT WGÉLE3L&L office materials to the maximum extent possible. With the
help of e-waste dealers, old and obsolete computers, servers,
*LRVQ;¹LEIYC;EL¶LL;Z¶LML&LY[IHI<LKIO3LLH4"C;PT-7.IZKLTBEI
monitors, printers, fax machines, ATMs, UPSs, etc are disposed
MHL¶L3LLMT *LRKLVT 3L'LL$LTELKE&*¶LX7K>MP;K>&LL8VI7K>È7K>¾24%M off. The Bank has also initiated E-freight and E-stamping of
&LLIV> 7I &L>¶LX*LI MC3¶LLGOELGV*L7LVGE¶LLUL3LLH4"$L4BEVT products during the current year.
PL;ETOL4KLVN3*LLOLTBEIC;»T73L'LLC;-74B*LYEL)LIWLKB)LGE¶LL
Old records, that have outlived their utility and are earmarked
H4" for destruction, are disposed off by sales to approved agencies
*LRKLVTWG)LZT<LLTB>GUVEIN*L¶LLTGY3LLM&LL*3LHLTQREIH43L'LLULTGV*L7LV that recycle the paper. The organization tries to make best
use of computer equipment by upgrading and reusing old
HT3LRGQGª3LGE Y H4B>ELTELYuLEL*LRVQ;¹LEKVTPLZIWVR&LLTGO3L machines for miscellaneous work.
UTG6M¶LLTB ELT G$L¹I EK M&LL*3L GE¶LL UL3LL H4" MBY#V GPGPÉL
EL¶LLT HT3LR *LRKLVI&LLIVLTB ET N£¶LV3L'LL*LRVN*L¶LLTY^LKLE&*¶LX7K Principle 3: Businesses should promote the wellbeing of all
N*LEKLLTBELMPLT;ºL&LN*L¶LLTYEKVTELÈ¶LLMEK3LLH4" employees
GMLB3LELKLT$LLKELTM&L-3LE&L;QLGK¶LLTBETE:¶LLLELTÈLT3MLHV 1. Please indicate the Total number of employees.

ÈOLVEKVLQLGH " The total number of employees as on 31st March 2015 is
68290.
²*L¶LLE&L;QLGK¶LLTBEIERZMB<¶LL$L3LL B"
2. Please indicate the Total number of employees hired on
&LLQ;ELTE&L;QLGK¶LLTBEIERZMB<¶LLH4"
temporary/contractual/casual basis.
²
*L¶LLW-'LL¶LI!MBGPOL!WLEG-&LEWLÉLLK*LKK<LTY E&L;QLGK¶LLTB The Bank does not hire employees on temporary/contractual/
EIERZMB<¶LL$L3LL B" casual basis.
$L4E
B W-'LL¶LI!MBGPOL!WLEG-&LEWLÉLLK*LKE&L;QLGK¶LLTB ELTVHIBK<L3LLH4" 3. Please indicate the Number of permanent women
²*L¶LL-'LL¶LI&LGHZLE&L;QLGK¶LLTBEIMB<¶LL$L3LL B" employees.
The number of permanent women employees as on 31st March
&LLQ;ELTERZ-'LL¶LI&LGHZLE&L;QLGK¶LLTB EIMB<¶LLH4"
2015 is 13748.
²
*L¶LL LLKIGKE *L MT W\L&L -'LL¶LI E&L;QLGK¶LLTB EI MB<¶LL
4. Please indicate the Number of permanent employees with
$L3LL B" disabilities?
&LLQ; ELT LLKIGKE *L MT W\L&L -'LL¶LI E&L;QLGK¶LLTB EI The number of permanent employees with disabilities as on
MB<¶LLH4" 31st March’ 15 is 1126.
% ¶LLWL*LELELTC;E&L;QLKIMB LH4ULTÈ$L6ÉLV^LKL&LL6¶L3LLÈL*3L 5. Do you have an employee association that is recognized by
H4= management?
$L4BE ^LKL GEMI )LI E&L;QLKI MB L ELT &LL6¶L3LL ÈOLV VHIB EI YC; No employee association has been recognized by the Bank.
H4" 3L'LLG*L OLT $LHRMB<¶LE MB L!M)LL B EL&LYLK!WGÉLELKI -7L¾2 EL However the following two majority Unions/Associations
represent the workmen/officers staff.
ÈG3LGVGÉL3PEK3LIH4B"
q All India PNB Employee Federation.
q WG<LZ)LLK3LI¶L*LI V$LIE&L;QLKI¾24.KTLV
q All India PNB Officers Association.
q WG<LZ)LLK3LI¶L*LI V$LIWGÉLELKIMB L
&LL6¶L3LLÈL*3LE&L;QLKIMB LETMO-¶LLTB&LTBWL*LET-'LL¶LIE&L;QLGK¶LLTB 6. What percentages of your permanent employees are members
of this recognized employee association?
ELÈG3LL3L%¶LLH4=
Nearly 78.5% of PNB’s employees are members of the above
ZY)LY*LI V$LIE&L;QLKIN*LGKGZG<L3LMB LLTBETMO-¶LH4B"
mentioned unions.
94
okf"kZd fjiksVZ
²
*L¶LLY3LGPºLI¶LPL;ETWB3L3LEÈL*3LHRC; PBZBG$L3LKHI$LLZ 7. Please indicate the Number of complaints relating to child
&LUOXKI>$LBÉLRWL&LUOXKI>WV4G1/E+&L>¶LL4VN3*LI.VMTMB$LBGÉL3L labour, forced labour, involuntary labour, sexual harassment
in the last financial year and pending, as on the end of the
GLEL¶L3LLTBEIMB<¶LL$L3LL B= financial year.
GPºLI¶LPL;ET GPºLI¶LPL;EIM&LLG*3L S. No. Category No of Complaints No of Complaints

filed during the pending as at end of
¹MB PY; OL4KLVOL¶LKEIYC; *LKZBG$L3LKHI financial year the financial year
GLEL¶L3LLTBEIMB<¶LL GLEL¶L3LLTBEIMB<¶LL 1 Child labour/
$LLZ &LUOXKI!$LBÉLRWL LX6¶L LX6¶L forced labour / Nil Nil
&LUOXKI!WV4G1/E+&L involuntary labour
2 Sexual harassment 2 1
¶LL4VN3*LI.V 3 Discriminatory
Nil Nil
)LT O )LLP*LX L; KLT U YLK LX 6 ¶L LX 6¶L employment

8. What percentage of your under mentioned employees were
W
L*LET GV&VGZG<L3LE&L;QLGK¶LLTB ET GE3LVT ÈG3LL3LELT Y3LPL; given safety & skill up-gradation training in the last year?
MRK\LL PBEL4LZN£¶LVÈGL\LLÈOLVGE¶LLY¶LL=
A. Permanent Employees : 73.91%
W-'LL¶LIE&L;QLKI B. Permanent Women Employees: 63.24%
D-'LL¶LI&LGHZLE&L;QLKI C. Casual/Temporary/Contractual Employees: Not Applicable
MWLEG-&LE!W-'LL¶LI!MBGPOLE&L;QLKI ZLYXVHIB D. Employees with Disabilities: 54.09%
OW\L&LE&L;QLKI
Principle 4: Businesses should respect the interests of, and be
GMLB3LELKLT$LLKELTM)LIGH3LÉLLKELTB>GPLTLEKPBGQ3L@E&LULTK responsive towards all stakeholders, especially those who are
PB WGÉLELKHIVGH3LÉLLKELTB>ET GH3LLTB ELÉ¶LLVK<LVLQLGH WL4K disadvantaged, vulnerable and marginalized.
NVETÈG3LNºLKOL¶LIHLTVLQLGH "
1. Has the company mapped its internal and external
% ¶LLEB*LVIVTW*LVTWLB3LGKEWL4K$LLÂGH3LÉLLKELTBEI*LKT<LL stakeholders? Yes
3L4¶LLKEIH4=HL8B The Bank has identified its key stakeholders, internal and
$L4BEVTW*LVTÈ&LR<LWLB3LGKE PB$LLÂGH3LÉLLKELTBEI*LHQLVEIH4 external, and these are further segregated to enhance its
PBNVETÈG3LÈG3L$L3LLELT$LLVTETGZ NVELWLYT)LI*LA'L%EKL commitment towards them and they include:
GE¶LLY¶LLH43L'LLNV&LTBLLG&LZH4B External Stakeholders:
$LLÂGH3LÉLLKE q Shareholders: Further divided into Government, Foreign
q LT¶LKÉLLKE CVELT WLYT MKELKI> GPOTLI MB-'LLY3L GVPTLE3LL;> Institutional Investors, Financial Institutions, Insurance
GPºLI¶LMB-'LLV>$LI&LLEB*LVI>*LLK-*LGKEGVGÉL>$L4BEP0¶LG%SY3L Companies, Mutual Funds, Banks and Individuals.
&LTBGP)LLGU3LGE¶LLY¶LLH4" q Customers: Further segmented into large corporate, mid-
corporate, small and medium enterprises and retail customers.
q Y[LHE¶LHWLYT$L.TEL8*LLT;KT7>G&L.EL8*LLT;KT7>Z LRWL4K&LÉ¶L&LN]&L Dedicated branches provide service to these segments.
3L'LL<LROKLY[LHELTB &LTB GP)LLGU3LGE Y H4B"M&L*L3LLL<LL B CV
q Retail customers are segmented into premier customers
PYLTELTMTPL BÈOLVEK3LIH4B" and other customers.
q <LROKLY[LHEÈIG&L¶LKY[LHE3L'LLW6¶LY[LHEET*L&LTBGP)LLGU3L q The various communities for which the Bank operates.
GE Y H4B" Internal Stakeholders:
q GPG)L£M&LROL¶L>GUVETGZ $L4BEMBQLZVK3LH4"
q Employees of the Bank.
WLB3LGKEGH3LÉLLKE:
2. Out of the above, has the company identified the
q $L4BEETE&L;QLKI" disadvantaged, vulnerable & marginalized stakeholders?
%¶LLEB*LVIVT N*L¶LR;%S&LTB MT PBGQ3L@E&LULTK PB WGÉLELKHIV The Bank has identified its disadvantaged, vulnerable &
GH3LÉLLKELTBEI*LHQLVEIH4= marginalized stakeholders as per Government of India
$L4EB VT)LLK3LMKELKETGOLLGVOT; LLTB ETWVRMLKW*LVTPBGQ3L@E&LULTK PB guidelines and these include small and marginal farmers,
WGÉLELKHIVGH3LÉLLKELTB EI*LHQLVEIH43L'LLCV&LTB Z LR PBMI&LLB3L²LE> artisans, SHGs and members of the weaker sections.
ELKIYK>-P¶LBMHL¶L3LLM&LXHWL4KE&LuLLTKPY;ETMO-¶LLLG&LZH4"B 3. Are there any special initiatives taken by the company to
% ¶LLPBGQ3L@E&LULTK PB WGÉLELKHIVGH3LÉLLKELTB EIMBZ9V3LL engage with the disadvantaged, vulnerable and marginalized
HT3LR EB*LVI^LKLELTC; GPLTLEO&LN#L Y H4B=¶LGOHLB>3LLT stakeholders. If so, provide details thereof, in about 50 words
ZY)LYL$OLTB&LTBCMEIGP-3LA3LULVELKIOTB" or so.
$L4BEVTPBGQ3L@E&LULTK PBWGÉLELKHIVGH3LÉLLKELTBEIMBZ9V3LLHT3LR The Bank has taken various initiatives to engage and extend
its support and benefits to the disadvantaged, vulnerable and
3L'LLNVELTMHL¶L3LLPZL)L*LHRBQLVTETGZ GPG)L£EO&LN#L H4B" marginalized stakeholders. Some of the initiatives taken by
$L4BE^LKLN#L Y EO&LLTB&LTBER/GV&V*LMTH4B the Bank are as under:
95
q $L4BEWL'LE*LMTW*LPU3LPYLTETGZ ELKLT$LLKÈG3LGVGÉL¶LLTB q For the financially excluded sections the Bank uses the
EIMTPLWLTBELN*L¶LLTYEK3LLH4WL4K$L4BEVT&LXZ)LX3L$L4BEYZTVOTVLTB services of Business Correspondents and has tied up with
ETMBQLZV&LTBY[LHELTBELTM\L&L$LVLVTETGZ NVET$LL¶LLT&LTG7E technology services providers to capture the Bio-metrics
(fingerprint) of these customers to enable them to conduct
¾2YK È7
ET E4*QK HT3LR ÈL4]LTGYEI MTPLÈOL3LLWLTB ET ML'L
basic banking transactions.
M&LL43LLGE¶LLH4"
q MI&LLB3L²LELTBETGZ GPG)L£¶LLTUVL BN*LZ$ÉLH4B"GEMLV¹TG.7 q There are various schemes available for marginalized
farmers. Under the Kisan Credit Card scheme, the farmers
EL.; ¶LLTUVL ET WB3LY;3L GEMLV N3*LLOV PB N*L)LLTY L EL
can avail production and consumption loans. Under
ZL)LZTME3LTH4B"Y[L&LILL-P4*L¶LLTUVLETWB3LY;3L²LELTBELT the Rural Debt Swap Scheme farmers are given loans at
GK¶LL¶L3LIOKLTB*LKLÈOLVGE¶LLUL3LLH4GUMMTPT¦BQI$¶LLU subsidized rates to enable them to liquidate loans taken
OKLTB*LK&LHLUVLTBMTGZ Y LLTBELTM&LL*3LEK*LL3LTH4B" from money lenders at usurious rates of interest.
q $L4EB >Y[L&LIL PBLHKIYKI$LLTB ETN3'LLVETGZ MKELK^LKLLR q The Bank also provides finance at subsidized rates under
EIYC;GPG)L£ÈELKEI¶LLTUVLWLT>B U4MT -PL;U¶LB3LIY[L&L-PKLTUYLK the various types of schemes which have been started by
¶LLTUVL>KLrI¶LY[L&LILWLUIPELG&LLV3L'LL-PL;U¶LB3LILHKIKLTUYLK the Government for the up-liftment of rural and urban poor
¶LLTUVL>WLGOETWB3LY;3LGK¶LL¶L3LIOKLTB *LKGPºL)LIÈOLVEK3LLH4" such as SGSY, NRLM and SGSRY, etc.
q $L4BEVTW*LVTOAGr$LLGÉL3LY[LHELTBELT$L4BEYEKVT&LTBM\L&L$LVVT q The Bank has implemented Voice Guidance Functionality
&LTBMHL¶L3LLHT3LRER/Q¶LGV3L 7I &L*LKÉPGVGVOT;LEL¶LL;3&LE3LL on select ATMs for assisting its Visually Challenged
ELTZLYXGE¶LLH4" Customers to enable them to carry out banking.
q GPG)L£ ²LE ÈGL\LL ET6ÇLTB PB Y[L&LIL -PKLTUYLK ÈGL\LL q Through various Farmers Training Centers and Rural
MB-'LLVLTB WLK MC;7IWLC;
ET &LLÉ¶L&L MT $L4BE ²LELTB ET ,LV Self Employment Training Institutes (RSETIs), the Bank is
PBEL4LZELN£¶LVEKVT3L'LLY[L&LIL¶LRPLWLTBELT0¶LLPMLG¶LE making an effort to upgrade the knowledge and skills of
ÈGL\LLÈOLVEKVTHT3LRÈ¶LLMEKKHLH4" farmers and impart vocational training to rural youth.
q *LI V$LI ÈTKLL ET WB3LY;3L $L4BE M&LLU ET GPG)L£ PYLT ET GZ q Under PNB Prerna, the Bank takes CSR initiatives for
MI MWLK *LHZ W*LVL3LL H4" N%S EL¶L;¹&L ET WB3LY;3L GPGPÉL different segments of society. The various measures under
N*LL¶LLTB&LTBYKI$LLTBELT&LR¾3LOPL$LL8B7VL>LLKIGKE*LMTGPEZLBYLTB the aforesaid program include distributing free medicines
ELT *LRVPL;MMHL¶L3LLOTVL>K%SOLVGLGPKLTB ELWL¶LLTUVEKVL> to the poor, rehabilitation support to physically challenged,
WLGOLLG&LZHB4" organization of blood donation camps, etc.
q GPºLI¶LML\LK3LL&LTB MRÉLLK$L4BE^LKL-'LLG*L3LGPºLI¶LML\LK3LL PB q Improving Financial Literacy: The Financial Literacy and
L*LKL&LL;ET6Ç ¾2 ZMIMI
W*LVTY[LHELTBELTGPºLI¶L*LKL&LL; Credit Counseling Centres (FLCCs) established by the
EIGP-3LA3L+AB<LZLN*LZ$ÉLEKL3LTH4B" Bank, provide a wide range of financial counseling to its
customers.
GMLB3LELKLT$LLKELT &LLVPLGÉLELKELT M&&LLGV3L3L'LLÈLT3MLGH3L
EKVLQLGH " Principle 5: Businesses should respect and promote human
rights
% ¶LL &LLVPLGÉLELKLTB *LK EB*LVI EI VIG3L ETPZ EB*LVI ELT EPK
EK3LIH4W'LPLCMELGP-3LLKM&LXH!MB¶LR%SN]&LLT!B WL*LX3LE3LL;WLT!B 1. Does the policy of the company on human rights cover
MBGPOLELKLT!B Y4KMKELKIMBY#VLT!B W6¶L3LE)LIH4= only the company or extend to the Group/Joint Ventures/
Suppliers/Contractors/NGOs/Others?
$L4BE&LLVPLGÉLELKLTBELM&&LLVEK3LLH4WL4KW*LVTMBQLZV PBÈ)LLP The Bank respects human rights and does not tolerate any
ET \LTL&LTB GEMI)LIÈELKET &LLVPLGÉLELKN:ZB LVELT MHVVHIB human right violation in its sphere of operation and influence.
EK3LL H4" $L4BE> KLrI¶L &LXZ> VLYGKE3LL> KBY> ULG3L> &L3L> ÉL&L;> PBL> The Bank does not discriminate on the basis of national origin,
P4PLGHE G-'LG3L> ZY> W\L&L3LL> WL¶LR> Z4BGYE LV> U6&L -'LLV> citizenship, color, race, belief, religion, ancestry, marital
ML&LLGUEG-'LG3LW'LPLGPGÉL^LKLGVGLGEMI)LIW6¶LWLÉLLK*LK status, gender, disabilities, age, sexual orientation, place of
)LTO)LLPVHIBEK3LLH4"$L4BEEIELTC;EG'L3L&LLVPLGÉLELKVIG3LVHIB birth, social status, or any other basis prohibited by the law.
H4>ZTGEV¶LH*LHZX&LLVPMBMLÉLVVIG3L¶LLTB PB$L4BEEIEL¶L;ÈLLZI The Bank does not have a stated Human Rights Policy but this
&LTBLLG&LZH4" aspect is covered under the Human Resource policies and
practices of the Bank.
G*L/ZT GPºLI¶LPL; &LTB GE3LVT GH3LÉLLKELTB EIGLEL¶L3LTB ÈL*3LEI
YC;B WL4K È$LBÉLV ^LKL GE3LVT ÈG3LL3L EL MB3LLTLUVE M&LLÉLLV 2. How many stakeholder complaints have been received in
the past financial year and what percent was satisfactorily
GE¶LLY¶LL=
resolved by the management?
GPºLI¶LPL; ET OL4KLVLT¶LKÉLLKELTB MT ÈL*3LGLEL¶L3LLTB EIERZ The total number of complaints received from the shareholders
MB<¶LL H4 GUM&LTB MT GLEL¶L3LLTB
EL MB3LLTLUVE during FY’15 is 67 out of which 66 complaints (98.51%) have
M&LLÉLLVGE¶LLY¶LL" been resolved satisfactorily.
96
okf"kZd fjiksVZ
GMLB3LELKLT$LLKELT*L¶LL;PKLELÉ¶LLVK<LVT>MBK\LLEKVT PB Principle 6: Business should respect, protect, and make efforts to
CMT$LHLZEKVTETÈ¶LLMEKVTQLGH " restore the environment
1. Does the policy related to Principle 6 cover only the
% ¶LLGMLB3LMTMB$LBGÉL3LVIG3LETPZEB*LVIELTHIEPKEK3LI company or extends to the Group/Joint Ventures/Suppliers/
H4 W'LPL CMEL GP-3LLK M&LXH!MB¶LR%S N]&LLTB!WL*LX3LE3LL;WLTB! Contractors/NGOs/others.
MBGPOLELKLTB!Y4KMKELKIMBY#VLTB!W6¶L3LE)LIH4= The Bank has a “Green Initiatives” Policy which lists some
small routine actions that contribute to a better environment.
$L4BEEI?HGK3L*LHZVIG3LH4>GUM&LTBER//LT7T/LT7T7IVEL¶LLTELT The Bank is encouraging “Green Practices” such as:
MXQI$LGE¶LLY¶LLH4ULT$LTH3LK*L¶LL;PKLHT3LR¶LLTYOLVEK3LTH4B"$L4BE
?Y[IVÈTG%7MTMELT$LLPLOTKHLH4>U4MT: 1. Use of Solar power to run Self Service Areas which are
equipped with ATM, PUM and CDM/Cheque Deposit
7I &L>*LI¶LX &L3L'LLMI.I &L/QTEUFLFLIVLTB ¶LR%S-P¶LBMTPL Machines.
\LTLLTBETMBQLZVHT3LRML4K¦UL;ELÈ¶LLTY
2. Using CFL Lamps instead of incandescent lamps
W3¶LGÉLEQ&LEIZTZ4&*LLTB ET$LUL¶LMI ¾2 ZZ4&*LLTB ELN*L¶LLTYEKVL 3. Rain Water harvesting
PLL;UZMBQ¶LV 4. Use of solar energy
ML4K¦UL;ELN*L¶LLTY 5. Printing on both sides of paper
ELYUETOLTVLTB3LK¾2&LRÇL 6. Purchasing composite fax machines which can perform
G&LG+3L¾24%M&LLIVEL¹¶LULTGPGPÉLEL¶LLTELGV*LLOVEK multiple functions
ME3LIH4 7. Immediate repair of any water leakage
GEMI)LIUZGKMLPEI3L3ELZ&LK&&L3L 8. Use of Master sensor / master switches for lights, fans etc.
ZLC7>*LB<LTC3¶LLGOETGZ &LL-7KMTBMK!&LL-7KG-PQEL¶L'LLMB)LP wherever possible.
N*L¶LLTY The policy covers the Bank only and gradually it will be
¶LHVIG3LETPZ$L4BEELTEPKEK3LIH4 PBCMELGP-3LLKÉLIKTÉLIKT extended. Another related initiative is the elimination of use of
GE¶LLUL YL"W6¶LMB$LBGÉL3L*LHZ>$LLT.;$L4#ELTBET$LLT.;VLT7 PB UTB.L paper for circulating Board Notes and agenda items of Board
meetings.
&LOLTBET*LGKQLZVETGZ ELYUETN*L¶LLTYELN6&LXZVH4"
%¶LL UZPL¶LR *LGKP3L;V> 9ZLT$LZ PL&LY WLGO U4MT P4GPE 2. Does the company have strategies/ initiatives to address
*L¶LL;PKLI¶L&LRÎLTB *LKÉ¶LLVOTVT ET GZ EB*LVIEIELTC; VIG3L! global environmental issues such as climate change, global
warming, etc? Y/N. If yes, please give hyperlink for webpage
*LHZH4=HLB!VHIB"¶LGOHLB>3LLT PT$L*LTUWLGOELHLC*LKZE etc.
N*LZ$ÉLEKL B" q As per the Bank’s loan policy, the Bank does not extend
q $L4BEEILVIG3LETWVRMLK>$L4BE*L¶LL;PKLEIOAGrMT<L3LKVLE any finance to environmentally hazardous industries.
N]LTYLTBELTELTC;)LIGPºLÈOLVVHIBEK3LLH4" q During credit appraisal, preference is given to the
environment friendly green projects such as Wind Mills
q L&LX:¶LLBEVETOL4KLV*LPVQG%E¶LLTB PBML4K¦UL;*LGK¶LLTUVLWLTB
and Solar Power Projects.
U4MI*L¶LL;PKLHT3LRWVREXZHGK3L*LGK¶LLTUVLWLTBELTÈL'LG&LE3LLOI
UL3LIH4" q For manufacturing units, the Bank insists upon installation
of effluent treatment projects for processing of such
q GPGV&LL;L CELC¶LLTB ET GZ > $L4BE TMT ÈOXLELTB ET *L¶LL;PKL &LTB pollutants before release into the environment and ensures
GV-3LLKL MT *LXP; N3ÈPLHI ÈLLTÉLV MB¶LBL ET MB-'LL*LV *LK ULTK that the borrower also obtains NOC from Central/State
.LZ3LLH4WL4KMRGVG1L3LEK3LLH4GENÉLLKE3LL;ET6Ç!KL5¶LÈOXLL Pollution control Board.
GV¶LBLL$LLT.;MT VWLTMI)LIÈL*3LEKT" q The Bank also undertakes a series of activities to save
q $L4BE MI MWLK *LHZLTB ET WB3LY;3L *L¶LL;PKL ELT $LQLVT ET GZ environment under CSR initiative. The Van Mahotsav, tree
GPG)L£YG3LGPGÉL¶LLB )LIWL¶LLTGU3LEK3LLH4"GPG)L£LHKLTB &LTB PV plantation camps, plantation along road sides, greening of
&LHLT3MP>PA\LLKLT*LLGLGPK>M.ELTBETGEVLKTPA\LLKLT*LL>¶LL3LL¶LL3L traffic circles in different cities and maintenance of parks
*LGK*L'L&LTBHGK¶LLZI3L'LLWLPLMI¶L\LTLLTB&LTB*LLELTEIOT<L)LLZ$L4BE in residential areas are some of the initiatives the Bank has
^LKLCMGOLL&LTBN#L Y ER/EO&LH4B" taken in this direction.
q Some of the other initiatives can be found in the Corporate
q ER/W6¶L*LHZLTBELGPPKLGVYG&L3LML&LLGUENºLKOLG¶L3PGK*LLT7;
Social Responsibility Report, the hyperlink for which is
&LTB*LL¶LLULME3LLH4>GUMETGZ HLC*LKZEH4https://www. https://www.pnbindia.in/En/ui/SocialBanking.aspx
pnbindia.in/En/ui/SocialBanking.aspx
3. Does the company identify and assess potential environmental
% ¶LLEB*LVIMB)LLGP3L*L¶LL;PKLULTG<L&LLTBEI*LHQLV PBWLEZV risks? Y/N
EK3LIH4=HL8B!VHIB
Presently this is not being done. However, the Bank is
P3L;&LLV&LTB¶LHVHIBGE¶LLULKHLH4"3L'LLG*L>$L4BEW*LVTMBQLZV\LTL committed to reducing its carbon footprint at its places of
&LTBEL$L;VEI&LLLLELT L7LVTETGZ J[GS$LH4" operation.
97
% ¶LL EB*LVI EI %ZIV .TPZ*L&LTB7 &L4ETGV5&L MT MB$LBGÉL3L ELTC; 4. Does the company have any project related to Clean
*LGK¶LLTUVLH4=¶LGOHLB>3LLTZY)LYL$OLTB&LTBULVELKIN*LZ$ÉL Development Mechanism? If so, provide details thereof, in
about 50 words or so. Also, if yes, whether any environmental
EKL B"ML'LHI>¶LGOHL>3LLT%¶LLELTC;*L¶LL;PKLWVR*LLZVGK*LLT7; compliance report is filed?
OLG<LZEIYC;H4=
The Bank does not have any project related to the Clean
$L4E B EI%ZIV.TPZ*L&LT7B &L4EGT V5&LMTMB$LBGÉL3LELTC; *LGK¶LLTUVLVHIBH4" Development Mechanism.
% ¶LLEB*LVIVT-P1/ÈL4]LTGYEI>¦UL;EL¶L;ERLZ3LL>W\L¶L¦UL;
5. Has the company undertaken any other initiatives on – clean
WLGOETMB$LBÉL&LTBELTC;W6¶L*LHZEIH4=HLB!VHIB"¶LGOHLB>3LLT technology, energy efficiency, renewable energy, etc. Y/N. If
²*L¶LLPT$L*LTUELHLC*LKZEN*LZ$ÉLEKL B" yes, please give hyperlink for web page etc.
$L4EB WVTEML4K¦UL;*LGK¶LLTUVLWLT>B $LL¶LLT&LLM>Z LRUZGP]R3L PB*LPV¦UL; The Bank finances many Solar Power projects, Biomass, Small
*LGK¶LLTUVLWLTB ELGPºL*LLTLLEK3LLH4ULTM)LIW\L¶L¦UL;*LGK¶LLTUVL BH4"B Hydro and Wind Power projects, all of which are renewable
energy projects.
$L4BE M3L3L GPELM ELT ÈL*3L EKVT ET GZ GPGPÉL ÈG¹¶LLWLTB ELT
W*LVL3LLH4>GUV&LTBLLG&LZHB4 The Bank has put in place various methods to achieve
sustainable development and these include:
W*LVTER/EL¶LL;Z¶L)LPVLTB&LTB¦UL;ERLZN*LEKLLTBETMB-'LL*LV
^LKLGP]R3L¦UL; PBC;BÉLVEI<L*L3L&LTBE7L43LI"M&L-3LEL¶LL;Z¶LLTB 1. Reduction of electrical energy and fuel consumption by
installation of energy efficient equipments in some of its
ET GP]R3L WL8G.7 ET ¾2Z-P*L> ZLY3L ZL)L ÈL*3L HLTVT ET office buildings. Electricity audit of all offices has resulted
ML'LML'LEL¶L;ÈLLZI)LIERLZHRC;H4" in efficient functioning with cost benefits.
ML4K 7I &L"¶LH EW6¶LHGK3L*LHZH4>GUMELZL)LG$LUZI 2. Solar ATMs. This is another green initiative, which has
ULVTEIM&L-¶LL*LKEL$LX*LLVLH4"$L4BEG$LHLKWL4KNºLKÈOTLU4MT the benefit of overcoming the power outage problem. The
NVKL5¶LLTB&LTBQ¶LGV3L 7I &L-'LZLTB*LKMLTZK¶LX*LI MEI-'LL*LVL Bank has gone for installation of Solar UPS at selected
ATM sites like in states of Bihar and U.P, where there is
EKKHLH4>UHLB G$LUZIEIM&L-¶LLH4 3L'LLG$LUZIE7L43LIET power problem and downtime due to power-cuts is high.
ELKL.LNV7LC&LEL¾2IWGÉLEH4"
3. Tree Plantations.
PA\LLKLT*LL 4. The Bank has taken steps to reduce wastage of resources
$L4E
B VTMBMLÉLVLTB PB¦UL;ET\L¶LELTE&LEKVTHT3LREO&LN#L H4"B and energy. MARD (HO) conducts risk based management
&L WLK.I ÈEL
HGK3L*LHZLTB *LK$L4E B ETÈLLMGVEEL¶LL;Z¶LLTB audit of the administrative offices of the Bank on Green
Initiatives.
EIULTG<L&LWLÉLLGK3LÈ$L6ÉLVZT<LL*LKI\LLMBQLGZ3LEK3LLH4"
6. Are the Emissions/Waste generated by the Company within
%¶LLGK*LLT7;GE ULKHTGPºLI¶LPL;ETGZ EB*LVI^LKLN3*L£
the permissible limits given by CPCB/SPCB for the financial
N3MU;V!W*LGLrMI*LIMI$LI! M*LIMI$LI^LKLWVR&L3LMI&LLWLTB ET year being reported?
)LI3LKH4B= The Bank is a service based organization and hence does
$L4E B EMTPLWLÉLLGK3LMBY#VH4 3L'LLCMELKLGEMI)LIGPLL%S not emit any toxic hazardous pollutants. However the Bank
<L3LKVLEÈOXLEELN3MU;VVHIBEK3LLH4"3L'LLG*L>$L4E B VT*L¶LL;PKLI¶L stipulates environmental compliances as one of the main
conditions for sanction. Besides that DG sets at Head Office
WVR*LLZVELT&LBUKX IHT3LR&LR<¶LL3LLT &LTB MT EET*L&LTB GVÉLL;GK3LGE¶LL
and other offices are checked by the Delhi Pollution Control
H4"CMETWG3LGK%S>ÉPGVÈOXLLET-3LKEIGVYKLVIETGZ ÈÉLLV Committee to monitor noise levels and these have been found
EL¶LL;Z¶L PB W6¶LEL¶LL;Z¶LLTB &LTB .IUIMT7EIGOkIÈOXLLGV¶LBLL to be in order.
MG&LG3L^LKLULBQEIYC;H4PC6HTB #IE*LL¶LLY¶LLH4"
7. Number of show cause/ legal notices received from CPCB/
GPºLI¶L PL; EI M&LLG*3L *LK ZBG$L3L MI*LIMI$LI! M*LIMI$LI MT SPCB which are pending (i.e. not resolved to satisfaction) as
ÈL*3LELKL$L3LLWLT!ELVXVIVLTG7MLTB EIMB<¶LL W'LL;3LGUVEL at end of Financial Year.
MB3LRGrÈOHZVHIGVEZLH4
" Nil
LX6¶L
Principle 7: Businesses, when engaged in influencing public and
GMLB3LELKLT$LLKU$LMLP;UGVE PBGPGV¶LL&LEVIG3LELTÈ)LLGP3L regulatory policy, should do so in a responsible manner
EKVT&LTBMBZ9VHLT>3LLT TMLGU&&LTOLK3LKIETMTGE¶LLULVLQLGH "
1. Is your company a member of any trade and chamber or
%¶LLWL*LEIEB*LVIGEMI7T. PBQT&$LKW'LPL MLTGM LVEI association? If Yes, Name only those major ones that your
MO-¶LH4=¶LGOHL>3LLTETPZNV&LR<¶LMB-'LLWLTBETVL&L$L3LL business deals with:
GUVETML'LWL*LET0¶LLPMLG¶LEMB$LBÉLHLTB The Bank is a member of:
$L4BEGV&VELMO-¶LH4 a. Indian Banks' Association (IBA)
E
)LLK3LI¶L$L4BEMB L WLC;$LI
b. Indian Institute of Banking & Finance (IIBF)
<L
)LLK3LI¶L$L4BEY PBGPºLMB-'LLV WLC;WLC;$LI ¾2
c. Institute of Banking Personnel Selection (IBPS)
Y
$L4BEYE&L;QLKIQ¶LVMB-'LLV WLC;$LI*LI M
d. National Institute of Bank Management (NIBM)
98
okf"kZd fjiksVZ
L
KLrI¶L$L4BEÈ$L6ÉLVMB-'LLV VWLC;$LI &L
e. Centre for Advanced Financial Research and Learning
(CAFRAL)
.
N£3LGPºLI¶LLLTÉL PBWÉ¶L¶LVET6Ç MI ¾2WLK Z
f. Federation of Indian Chambers of Commerce and Industry

Q
)LLK3LI¶LPLGL5¶LWL4KN]LTY&LB.Z&LHLMB L G¾2%EI
(FICCI)
/
WB3LKL;rI¶LPLGL5¶LQ4B$LM; WLC;MIMI
g. International Chamber of Commerce (ICC)
U
)LLK3LI¶LPLGL5¶L PBN]LTY MLTGM 7T.Q4B$LM; MLTQT&L
h. The Associated Chambers of Commerce and Industry of

)LLK3LI¶LN]LTY*LGKMB L MIWLC;WLC;
India (ASSOCHAM)
i. Confederation of Indian Industry (CII)
% ¶LLWL*LVTE)LIN*LKLT%SMBY#VLTB ET&LLÉ¶L&LMTUVGH3LETGPELM
W'LPLMRÉLLKETGZ PELZ3LLZL8$LYEIH4=HLB!VHIB@¶LGOHLB 2. Have you advocated/lobbied through above associations for
3LLT²*L¶LL0¶LL*LE\LTLLTB ELT-*LrEKTB .L*L$LL8%MWG)LLLMVWL4K the advancement or improvement of public good? Yes/No;
ÈLLMV>WL'LEMRÉLLK>M&LLPTLIGPELMVIG3L¶LLB>¦UL; MRK\LL> if yes specify the broad areas (drop box: Governance and
Administration, Economic Reforms, Inclusive Development
UZ><LL]MRK\LL>M3L3LELKLT$LLKVIG3L¶LLB>W6¶L
Policies, Energy security, Water, Food Security, Sustainable
OTLETM$LMT$L.TMLP;UGVE\LTL$L4BELTB&LTBMT EHLTVTETELKL$L4BE Business Principles, Others).
VIG3LGV&LL;3LLWLTBETML'LG&LZEKEL¶L;EK3LLH4 PB TMIVIG3L¶LLTBELT The Bank, being one of the largest Public Sector Banks in
GPEGM3LEKVT &LTB &LOOEK3LLH4 ULT $L4BEYN]LTYEIEL¶L;ÈLLZI the country, works closely with policymakers and helps in
PBGPGV¶L&LVELTGV¶LBGL3LEK3LIH4B"$L4BEW'L;0¶LP-'LL&LTBWPKLTÉL*L4OL evolving policies that govern the functioning and regulation
of the Banking industry. The Bank gives its inputs to the
EKVTPLZTGPG)L£WL'LE PBGPºLI¶L&LRÎLTB*LKGPGV¶LL&LELTB PBVIG3L regulators and policy makers regarding various economic and
GV&LL;3LLWLTBELTW*LVTCV*LR7_MOT3LLH4" financial issues plaguing the economy.
GMLB3L ELKLT$LLK ELT M&LLPTLI PAG WL4K MLG&¶LE GPELM EL Principle 8: Businesses should support inclusive growth and
M&L'L;VEKVLQLGH " equitable development
% ¶LLEB*LVI&LTBGMLB3LMTMB$LBGÉL3LVIG3LETWVRMKL&LTBGPGLr 1. Does the company have specified programmes/initiatives/
EL¶L;¹&L!*LHZ!*LGK¶LLTUVL BH4B=¶LGOHLB>3LLTGPPKLOTB" projects in pursuit of the policy related to Principle 8? If yes
details thereof.
GEMI)LIOTL&LTB GPELM3L$L3LEWÉLXKLH4U$L3LEPHM&LLPTLIV
Development in any country is incomplete if it is not inclusive
HLT WL4KM&LLUET PBGQ3L3L$LET ELT EPKVEK3LLHLT"W*LVIGPGPÉL and does not cover the underprivileged strata of the society.
*LHZLTB ET&LLÉ¶L&LMT$L4E
B TMT PYLT 3LE*LHRQ
B VT PBN6HTB $LRGV¶LLOI$L4B EY Banks through its various initiatives are striving to reach and
MTPLWLTB EI*LGKGÉL&LTB ZLVTELÈ¶LLMEKKHLH4"M&LLPTLI PBMLG&¶LE bring these sections into the fold of basic banking services.
GPELMETGZ $L4E B ^LKLEIYC;ER/*LHZLTB &LTB LLG&LZH4B Some of the initiatives that the Bank has taken for inclusive
and equitable development include:
q ÈÉLLV&LBLIUVÉLV¶LLTUVL *LI &LUT.IPLC;
ET3LH3LGPºLI¶LML\LK3LL
E &LH3P*LXL; -3LB)L H4 ULT ZLTYLTB ELT W*LVL GPºLI¶L GV¶LLTUV q Under Pradhan Mantri Jan Dhan Yojana (PMJDY),
EKVT WL4KLELZL)LN#LVT HT3LR 3L4¶LLKEKVT *LKÉ¶LLVETBGÇ3L Financial Literacy is one of the important pillars
focusing on preparing the people for their financial
EK3LIH4"GPºLI¶LML\LK3LLETÈMLKETGZ GPºLI¶LML\LK3LLET6Ç planning and availing credit. One of the major modes
J2 ZMI
È&LR<L &LLÉ¶L&L H4B ULT OTL )LK &LTB GVLR:E GPºLI¶L for disseminating financial literacy is Financial Literacy
ML\LK3LL!GL\LLWL4KL*LKL&LL;ÈOLVEKKHTH4B"&LLQ; Centres (FLC's) who are providing free financial literacy/
EIG-'LG3LET WVRMLK>*LI &LUT.IPLC; ET 3LH3LZL<L<LL3LT education and credit counseling across the country. As
<LLTZTY " on 31st March 2015, 90.17 lac accounts opened under
PMJDY.
q MX\&L U&LL ¶LLTUVL> ¶L'LL *LI V$LI MBQ¶L> ELT /LT7T 0¶LL*LLGK¶LLTB>
GP¹T3LLWLTB>GK%LLQLZELTBWLGOU4MTGV&VWL¶LPYLTET$LIQ$LQ3L q Micro Deposit Scheme namely PNB Sanchay has been
customized with focus to inculcate saving habit among low
EIWLO3L*L4OLEKVTELTÉ¶LLV&LTBK<L3LTHR E-7&LLCUGE¶LLY¶LL
income groups like small businessman, vendors, rickshaw
H4"¶LHELKLT$LLKÈG3LGVGÉL-'LLVLTBMTÈQLZV&LTBH4" pullers etc. It is operational from Business Correspondent
q *LI V$LI 3LRK3B L 3L3ELZ )LRY3LLV ÈLLZIWLC; &L*LI M
Y[LHELTB ELT locations.
PL-3LGPEM&L¶LWLÉLLK*LKWB3LKÈQGZ3L??¾2B.7LM B ¾2KMRGPÉLL>0¶LG%S q PNB Turant (Immediate Payment System-IMPS) allows
MT<LL3LT *LI
&LLT.ETML'L3L3ELZ)LRY3LLVMTPL WLC; &L*LI M
interoperable “Fund Transfer facility” on real time to
EIWVR&LG3LOT3LLH4ULT*LHZTMTHI&LLT$LLCZ¾2LTV> 7I &LWL4KCB7KVT7 customers, the Immediate Payment Service (IMPS) with
$L4B EYMRGPÉLL WLC;$LI M
ET &LLÉ¶L&LMT ZLYX H4"<LL3LLÉLLKELTB ET Person to Account (P2A) mode and already Implemented
through mobile phone, ATM and internet banking facility
ML'LML'L PL8ECV Y[LHELTB ET GZ ELKLT$LLK ÈG3LGVGÉL VT7PE; ET
(IBS). IMPS facility is being launched through BC network
&LLÉ¶L&LMTWLC; &L*LI MMRGPÉLLELWLKB)LGE¶LLULKHLH4" both for account holders as well as walk-in customers.
% ¶LL EL¶L;¹&LLTB!*LGK¶LLTUVLWLTB EL WL¶LLTUV WLB3LGKE 7I&L!GVUI
2. Are the programmes/projects undertaken through in-house
¾2LNB.TLV!$LLÂ -P¶LBMTPI MB-'LLWLTB!MKELKI LBQT!GEMI W6¶L team/own foundation/external NGO/government structures/
MBY#V^LKLGE¶LLUL3LLH4= any other organization?
99
I MWLKYG3LGPGÉL¶LLTBETGZ $L4BEEL E*LA'LEÈ)LLYH4 PB¶LH
M The Bank has a separate Division for CSR activities and it
WLB3LGKE 7I&L ET &LLÉ¶L&L MT 3L'LL Y4KMKELKI MBY#VLTB PB MKELKI works through an internal team as well as in partnership with
MB-'LLVLTBETML'LMLTOLKI&LTBEL¶L;EK3LLH4" NGOs and Government Institutions.
Under PNB Prerna, which is an association of the wives of
*LI V$LIÈTKLLETWB3LY;3L>ULTLIL;-'LEL¶L;*LLZELTB3L'LL$L4BEETPGKs
top executives as well as senior officials of the Bank, the Bank
WGÉLELGK¶LLTBEI*LG3V¶LLTBEIMB-'LLH4>$L4BEMI MWLKYG3LGPGÉL¶LLTBEL undertakes CSR activities.
WL¶LLTUVEK3LLH4"
3. Have you done any impact assessment of your initiative?
%¶LLWL*LVTW*LVI*LHZETÈ)LLPLTB ELELTC; &LX:¶LLBEVGE¶LLH4=
The impact of the training programmes conducted by the
$L4BE^LKLWL¶LLTGU3LÈGL\LLEL¶L;¹&LLTBELÈ)LLPNVETWL¶LLTUV\LTLLTB Bank is evident in the areas in which they are conducted.
&LTB -*LrGO<LLC; OT3LLH4"GEMLVLTB ELT GO¶LLY¶LLÈGL\LL0¶LLPHLGKE The training extended to farmers is of practical use and
*LMT N*L¶LLTYIH4 PB NVET ^LKLGE ULVT PLZT ²GLEL¶LLT ELT influences the way they conduct agricultural operations. All
È)LLGP3LEK3LLH4"$L4BEETM)LI²GLÈGL\LLET6ÇY[L&LIL\LTLLTB&LTB the 10 Farming Training Centers of the Bank are located in
G-'L3LH4BWL4K²GLPMB$LYG3LGPGÉL¶LLTB>E&*¶LX7K*LL#_¶L¹&LLTB>E7Y> rural areas and provide free of cost training on agriculture
GMZLC; PELIOLELKIC3¶LLGO*LKGVLR:EÈGL\LLÈOLVEK3LT H4B" & allied activities, computer courses, cutting, tailoring
& embroidery, etc. During FY'15, FTCs have trained
GPºLI¶LPL;ETOL4KLV>CV²LEÈGL\LLETBÇLTBVTÈGL\LL 1,37,755 persons including 25,226 women with the help
EL¶L;¹&LLTBEIMHL¶L3LLMT>&LGHZLWLTBMGH3L>>0¶LG%SWLTB of 4210 training programmes. FTCs have also organised
ELT ÈGL\LLGO¶LLH4"²LEÈGL\LLETBÇLTB VT CMWPGÉLET OL4KLV 72 Human Health Check Up Camps, 126 Animal Health
&LLVP-PL-'¶LULBQGLGPK>*LLR -PL-'¶LULBQGLGPK)LI Check Up Camps and also arranged 104 visits to Agriculture
WL¶LLTGU3LGE H4BWL4K²GLGPPGP]LZ¶LLTB!&LHLGP]LZ¶LLTB!&LTZLTB!MKELKI Universities/Colleges/Fairs/Govt. Farms etc. during this
¾2L&LLTC3¶LLGO&LTBOL4KLTBEI0¶LP-'LL)LIEIH4" period.
M L&LROLG¶LE GPELM *LGK¶LLTUVLWLTB &LTB WL*LEI EB*LVI EL È3¶L\L 4. What is your company’s direct contribution to community
¶LLTYOLV %¶LL H4 )LLK3LI¶L *L¶LT &LTB KLGL 3L'LL *LGK¶LLTUVLEL development projects-Amount in INR and the details of the
GP-3LA3LGPPKLOTB= projects undertaken?
The Bank’s contribution to community development program
ML&LROLG¶LEGPELMEL¶L;¹&L&LTB $L4BE*LI V$LIGPELMET &LLÉ¶L&LMT
has been through PNB Vikas, a village adoption scheme.
¶LLTYOLVEK3LLH4ULT EY[L&LWBYIEKL¶LLTUVLH4"
The basic objective of “PNB VIKAS” is to develop the adopted
?*LI V$LIGPELMEL&LXZNÎT¶LM&LG6P3L3LKIET MT WBYI²3LYL8BP! village/s in an integrated manner, which includes Human
PLTB ELGPELMEKVLH4 GUM&LTB W6¶LGH3LÉLLKELTB Y[L&LILLTB>MKELKI Development, Economic Development & other Infrastructure
ÈLGÉLEKLLTB> -'LLVI¶L GVEL¶LLTB> WLGO
MT M&L6P¶L ET ML'L &LLVP Development e.g. sanitation, drinking water supply,
GPELM>ML¾2M¾2LC;>*LT¶LUZWL*LX3L>GL\LL>G$LUZI>-PL-'¶LC3¶LLGO education, electricity, health, etc in co-ordination with the
U4MTWL'LEGPELM PBW6¶L$LRGV¶LLOIGPELMLLG&LZH4B" other stake holders (the villagers, the Govt. authorities, local
bodies etc).
CM¶LLTUVLETWB3LY;3L>$L4BEVTGPG)L£&LB.ZLTB&LTBYL8BPLTBELT
Under this Scheme, the Bank adopted 130 villages (68
WY[LIGUZLTB&LTB PBY4KWY[LIGUZLTB&LTB
ELTYLTOGZ¶LLH4"
in lead districts and 62 in non lead districts) in different
&LLQ; EIG-'LG3LET WVRMLK>*LI V$LIGPELM¶LLTUVLET 3LH3L Circles. So far, an expenditure of `5.34 lacs was incurred
YG3LGPGÉL¶LLTB*LK`ZL<LEL0¶L¶LGE¶LLY¶LLH4" on 37 activities under PNB Vikas Yojana on 31st March
% ¶LLWL*LVT¶LHMRGVG1L3LEKVTETGZ ELTC;EO&LN#L H4BGE 2015.
CM ML&LROLG¶LE GPELM *LHZ ELT M&LROL¶L ^LKL M¾2Z3LL*LXP;E 5. Have you taken steps to ensure that this community
W*LVL¶LLUL3LLH4=ZY)LYL$OLTB&LTBGPPKLOTB" development initiative is successfully adopted by the
*LI V$LIGPELMETWB3LY;3LN#L Y EO&LGVKB3LKULKIH4B>QLHTBPH community? Please explain in 50 words, or so.
Y[L&LILLTB ET GZ /LT7T MT *LR-3LELZ¶L EI -'LL*LVL EKVL HLT W'LPL Under PNB Vikas, the initiatives taken are ongoing, be it
N*L¶LR;%SMXQI$LEIYC;W6¶LYG3LGPGÉL¶LLB" the creation of a small library for the villagers or the other
activities listed above.
GMLB3LELKLT$LLKELTGU&&LTOLKBYMTW*LVTY[LHELTB PBN*L)LLT%SLWLTB
ETML'LUR.VLQLGH WL4KNVELT&LLVÈOLVEKVLQLGH " Principle 9: Businesses should engage with and provide value to
their customers and consumers in a responsible manner
GPºLI¶L PL; EI M&LLG*3L *LK GE3LVT ÈG3LL3L Y[LHE GLEL¶L3LTB!
N*L)LLT%SL&LL&LZTZBG$L3LKHT= 1. What percentage of customer complaints/consumer cases
are pending as on the end of financial year.
GPºLI¶LPL;ETOL4KLVÈL*3LGLEL¶L3LLTB&LTBMT&LLLZY)LY
Around 0.58% of the complaints, received during FY’15,
GLEL¶L3LTBZBG$L3LKHIB"CVZBG$L3LGLEL¶L3LLTBEL)LIW$LM&LLÉLLVGE¶LL
remained unresolved. These unresolved complaints stand
ULQRELH4" resolved now.
100
okf"kZd fjiksVZ
% ¶LL EB*LVI N3*LLO ET ZT$LZ *LK -'LLVI¶L ELVXVLTB ET WVRMLK 2. Does the company display product information on the
WGVPL¶L; MXQVLET WG3LGK%SN3*LLOELW6¶LGPPKLÈOL3L product label, over and above what is mandated as per local
laws? Yes/No/N.A. /Remarks(additional information)
EK3LIH4=HL!VHIB!ZLYXVHIB!G7**LLI WG3LGK%SMXQVL
The information related to financial products is displayed on

GPºLI¶LN3*LLOLTBMTMB$LBGÉL3LULVELKI$L4BEEIPT$LMLC7*LKÈOL3LH4 the website of the Bank and awareness of the products is spread
3L'LLLL<LLWLTB&LTB*L4&¾2ZT7WL4KD[LTLKET&LLÉ¶L&LMTN3*LLOLTBETGPL¶L through pamphlets and brochures at branches. Besides this
customers can provide feedback through multiple channels to
&LTBULYE3LL$LLC;ULKHIH4"CMETWG3LGK%S>Y[LHEW*LVTWVR)LP the Bank about their experience and their expectations. During
PB W*LT\LLWLTB ET $LLKT &LTB $L4BEELT GPGPÉL&LLÉ¶L&LLTB ^LKL¾2I.$L4EOT the last year customers of Pragati branches have been enabled
ME3LTH4B"Y3LPL;ETOL4KLV>ÈYG3LLL<LLWLTBETY[LHELTBELTW*LVTEL¶L; to rate their experience at the branch after completion of their
EIM&LLG*3LET*L1LL3L_LL<LL&LTBW*LVTWVR)LPEL&LX:¶LLBEVEKVTHT3LR work. They can inform the Bank through an SMS stating their
level of satisfaction.
M\L&LGE¶LLY¶LLH4"PTMB3LRGrETW*LVT-3LKELT$L3LL3LTHR M &L M
ET&LLÉ¶L&LMT$L4BEELTMXQVLOTME3LTH4B"
% ¶LLG*L/ZTPLLTETOL4KLV3L'LLCMGPºLI¶LPL;ETWB3L3LE 3. Is there any case filed by any stakeholder against the company
GEMI )LI GH3LÉLLKE ^LKL EB*LVI ET GP WVRGQ3L 0¶LL*LLK regarding unfair trade practices, irresponsible advertising
and/or anti-competitive behaviour during the last five years
0¶LPHLK>Y4KGU&&LTOLKLVLGP,L*LV3L'LL!W'LPLÈG3L-*LÉLL;GPKLTÉLI and pending as at the end of financial year. If so, provide
0¶LPHLKMTMB$LBGÉL3LELTC;&LL&LZLOU;GE¶LLY¶LLH4=¶LGO TMLH4> details thereof, in about 50 words or so
3LLTZY)LYL$OLTB&LTBCMELGPPKLOTB" Nil
ELTC;VHIB"
% ¶LLWL*LEIEB*LVIVT ELTC; N*L)LLT%SLMPT;\LL!N*L)LLT%SLMB3LRGr 4. Did your company carry out any consumer survey/consumer
ÈPAG3LGPZTLLGE¶LLH4= satisfaction trends?
q Customer’s day is being observed on 15th of every month
q È3¶LTE&LLHEI3LLKI<LELTÈ3¶LTELL<LL&LTB WVR)LPLTB PBGLEL¶L3LLTB in every branch to share experiences and grievances.
ELT MLLEKVT ET GZ Y[LHEGOPM&LVL¶LLUL3LLH4"MTPLWLTB EI Customers are at liberty to give feedback and suggestions
YRLPºLL*LK¾2I.$L4E3L'LLMRLPOTVT ET GZ Y[LHE-P3LBLHLT3LT on the quality of services.
H4"B q In order to ensure Customer Service of a high order, the
q N1Q+TLIEIY[LHEMTPLELT MRGVG1L3LEKVT ET GZ $L4E B VT Bank has taken concerted efforts to train the staff on the
*LGKQLZV PB0¶LLPHLGKE*LHZRWLTB *LK-7L¾2ELTÈGLG\L3LEKVTHT3LR operational and behavioral aspects. Periodically reviews
#LTMEO&LN#L H4"B GLEL¶L3LLTB EIWLPE&LTB E&LIZLVT ET GZ and other measures are taken on an ongoing basis for
M&L¶LM&L¶L*LKY[LHEMTPLETMRÉLLKHT3LRWVPK3LWLÉLLK*LKM&LI\LL improvement of Customer Service to minimize the inflow
of complaints.
3L'LLW6¶LN*LL¶LGE UL3LTH4"B
q The Bank has an efficient Customer Complaint Redressal
q $L4EB &LTB ERLZY[LHEGLEL¶L3LGVPLKL3LBLH4 3L'LLÈL*3LEIYC; Mechanism and all complaints received are monitored
M&L-3LGLEL¶L3LLTB *LKGVYKLVIK<LIUL3LIH43L'LLGLEL¶L3LLTB ETM&LLÉLLV and corrective action taken to address grievances.
HT3LRMRÉLLKL3&LEELK;PLC;EIUL3LIH4" q The Bank also carries out Customer satisfaction surveys by
q $L4EB VWLC;$LI &L KLrI¶L $L4E B È$L6ÉLV MB-'LLV
3L'LL &L.IWLC; engaging outside agencies like NIBM (National Institute of
È$L6ÉLV GPELM MB-'LLV
> YR.Y LBP U4MI $LLÂ UTGB M¶LLTB ET ML'L Bank Management) and MDI (Management Development
G&LZEKY[LHEMB3LRGrMPT\; LL)LIEKL3LLH4" Institute), Gurgaon.
q YR.YLP WL4K VL8 .L &LTB $L4E B ET W3¶LLÉLRGVE MB*LE; ET6Ç H4B ULT q The Bank has a State-of-the-Art Contact Centres at
OLTÈGMMTPLÈOL3LLWLT>B W'LL;3L_ i
&LTMM; GUMGZG&L7T.3L'LL ii
Gurgaon and Noida to provide tele-banking services to its
&LTMM; &L¾24GMMGZG&L7T.>ET&LLÉ¶L&LMTCMETY[LHELTB ELT* customers on 24* 7 * 365 basis through two renowned
*WLÉLLK*LK7TZI$L4B EYMTPL BN*LZ$ÉLEKL3LTH4"B Service Providers viz., (i) M/s Aegis Limited and (ii) M/s
Mphasis Limited.
q N*L¶LR%; SOLTVLTB ÈL'LG&LEETÇB LTB ETWG3LGK%S>$L4E B VTW*LVTY[LHELTB ELT
q In addition to above two Primary Sites, the Bank has
\LTLI¶L)LLLLWLTB &LTB 7TZI$L4B EYMTPL BN*LZ$ÉLEKLVTETGZ &LBYZL4K established two Secondary Contact Centres at Mangalore
WL4K)LLT*LLZ&LTB OLTG^3LI¶LEMB*LE;ETÇB LTB EI-'LL*LVL)LIEIH4" and Bhopal to provide telebanking services to its customers
q M&L¶LM&L¶L *LK $L4E B Y[LHE MB*LE; M*3LLH EL WL¶LLTUV EK3LL H4 in regional languages also.
GUMET OL4KLV¶LHY[LHELTB MT MB*LE; EK3LLH4>NVMT ¾2I.$L4EÈL*3L q From time to time, the Bank conducts a customer contact
EK3LLH4WL4KNVET$LHR&LX:¶LMRLPLTB ELTEL¶LL;G6P3LEKVTHT3LREO&L week during which it contacts customers, obtains feedback
N#L3LLH4"$L4E B EIPT$LMLC7*LK)LI E¾2I.$L4EZEN*LZ$ÉLH4" and takes steps to implement the valuable suggestions. The
CMÈELKÈL*3L¾2I.$L4EELGPZTLLGE¶LLUL3LLH4 3L'LLÈ3¶LTE Bank also has a feedback link on its website. The feedback
G3L&LLHI&LTB CMTLIL;È$L6ÉLVETM&L\LÈ-3LR3LGE¶LLUL3LLH4"GVELLT so obtained is analyzed and put up to top management
101
ELT&LLGME$LRZGT 7V?Y[LHEGP&LL; E-7&LK-*LI%M
&LTB ÈELGL3L every quarter. Findings are published in the monthly
GE¶LLUL3LLH4GUMMT¾2I:.-7L¾2ELTY[LHELTB EI)LLPVLWLTB ETÈG3L bulletin “Customer Speaks” so that field staff can be
MBPOT VLIZ$LVL¶LLULMET" sensitized to the feelings of customers.
q GLEL¶L3LLTB ELGPZTLLGE¶LLUL3LLH43L'LLNVEI*LRVKLPAGºLELTKLTEVT q The complaints are analyzed and effective measures are
undertaken to avoid recurrence of the same.
ETGZ È)LLPIN*LL¶LGE UL3LTH4"B
q Punjab National Bank is also entrusted with the
q *LI V$LIELTGOkIG-'L3LM&L-3LKLrI¶L²3L$L4E B LTB HT3LRGOkI&LTB Y[LHE responsibility of managing Customer Service Center at
MTPLET6ÇEIGU&&LTOLKI)LIML4*B LIYC;H4" Delhi for all Nationalized Banks situated at Delhi.
102
okf"kZd fjiksVZ
MBLLTGÉL3L*LXBUI*L¶LL;*3L3LL»T&LPE;ETWÉLIV$LTMZII -3L&)L
ET Disclosure under Basel II (Pillar 3) in terms of Revised Capital
Adequacy Framework – for year ended 31.03.2015
W63LY;3LÈE7IEKLELTM&LL*3LPL;
Disclosures in this report pertain to Punjab National Bank (Solo).
CMGK*LLT7;&LTBOIY¶LIULVELGK¶LLB*LBUL$LV4LVZ$L4BE EZ
MTM&$LG6ÉL3L The Capital to Risk-weighted Assets Ratio (CRAR) of the bank and
H4B"$L4BEWL4KCMEIML3LWVRLBGY¶LLTBETMIWLK WLK EZ
-74B.WZLTV its seven subsidiaries on stand-alone basis are shown separately
WLÉLLK*LK*L4KL&LTBWZYMTOLL; Y H4B" in para 3.7.
.I J2 È¶LLTYEIMB)LLPVL DF-1. Scope of application

*LBUL$LV4LVZ$L4BENMM&LXH&LTB LIL; $L4BEH4 GUM*LKMBLLTGÉL3L*LXUI 1.1 Punjab National Bank is the top bank in the group to which
*L¶LL;*3L3LL»T&LPE; ZLYX HLT3LT H4B"$L4BEEIOTL&LTB G-'L3LGV&VGZG<3L the revised capital adequacy framework applies. The bank has
following four domestic subsidiaries:
LKTZXWVRLBGY¶LLH4B
Proportion
Country of
WVRLBYIELVL&L GEMOTL&LTB$LVI -PLG&L3PELWVR*LL3L Name of the Entity of ownership
incorporation
percentage
*LI V$LIHLNMY*L2LCVTBMGZG&L7T. )LLK3L 1. PNB Housing Finance Ltd India 51.01%
*LI V$LIGY:7_MGZG&L7T. )LLK3L 2. PNB Gilts Ltd. India 74.07%
*LI V$LIGVPTLMTPL BGZG&L7T. )LLK3L 3. PNB Investment Services Ltd. India 100.00%
*LI V$LICB¶LLTKTBMD[LTEYÈLGZ* )LLK3L 4. PNB Insurance Broking Pvt Ltd* India 81.00%
* The company is non functional and steps are being taken for winding up of the company as the
*EB*LVIG¹¶LLLIZVHIBH4WL4KEB*LVIETM&LL*LVETGZ EO&LN#L ULKHTH4B%¶LLTBGEZLCMTBM license has already been surrendered on 14.02.2011.
ELT*LHZTHIPL*LMGE¶LLULQRELH4"
Apart from these, the Bank has three International Subsidiaries
CVETWZLPLB$L4BEEI3LIVW63LKL;rI¶LWVRLBGY¶LL)LIH4B
Proportion
WVRLBYIELVL&L GEMOTL&LTB$LVI -PLG&L3PELWVR*LL3L Country of
Name of the Entity of ownership
incorporation
percentage
i) *LBUL$LV4LVZ$L4BEW63LKL;rI¶LGZ>¶LXET ¶LXVL7T.E9.&L i) PNB International Ltd., UK UK 100.00%
ii) .E*LI V$LI$L4BEGZ )LX7LV ii) Druk PNB Bank Ltd Bhutan 51.00%
iii) UT MMI M$LI*LI V$LIEuLLG<L-3LLV EuLLG<L-3LLV iii) JSC SB PNB Kazakhstan Kazakhstan 84.375%
GV&VGZG<L3L LKTZXMB-'LLWLTB MH¶LLTYI
&LTB$L4BEELW'LPLWGÉLE 1.2 Bank is having 20% or more stake in following Domestic
GH-MLH4 entities (Associates)
Proportion
Country of
MB-'LLELVL&L GEMOTL&LTB$LVI -PLG&L3PÈG3LL3LEI&LLLL Name of the Entity of ownership
incorporation
percentage
i) ÈGM*LZ*LI V$LIWMT7&L4VTU&LTB7 )LLK3L i) Principal PNB Asset Management India 21.38%
E&*LVIÈLGZ Co. Pvt. Ltd
ii) ÈGM*LZ7-7IE&*LVIÈLGZ )LLK3L ii) Principal Trustee Co. Pvt. Ltd. India 30%
iii) Sarv Haryana Gramin Bank, India 35%
iii) MP;HGK¶LLLLY[L&LIL$L4BE>KLTH3LE )LLK3L Rohtak
iv) GH&LLQZÈOTLY[L&LIL$L4BE>&LB.I )LLK3L iv) Himachal Pradesh Gramin Bank, India 35%
v) &LÉ¶LG$LHLKY[L&LIL$L4BE )LLK3L Mandi
vi) *LBUL$LY[L&LIL$L4BE>E*LXK'LZL )LLK3L v) Madhya Bihar Gramin Bank India 35%
vi) Punjab Gramin Bank, Kapurthala India 35%
vii) MP;¶LX*LIY[L&LIL$L4BE>FTK# )LLK3L
vii) Sarva UP Gramin Bank, Meerut India 35%
viii) *LI V$LI&L47ZLC;*L2CBG.¶LLCB¶LLTKT6M )LLK3L viii) PNB Metlife India Insurance India 30%
E&*LVIGZ Company Ltd
$L4BEEL)LLK3LMT$LLHK EMB¶LR%SN]&LH4 The Bank has one Joint Venture outside India
Proportion
MB-'LLELVL&L GEMOTL&LTB$LVI -PLG&L3PWVR*LL3LELÈG3LL3L Country of
Name of the Entity of ownership
incorporation
percentage
i) PKT-7$L4BEGZG&L7T. VT*LLZ i) Everest Bank Ltd. Nepal 20%
*LXUIEIG-'LG3L 1.3. Position of Capital

ÈKLT.&LTB
(ìn crore)
GPPKL Particulars 31.03.2015 31.03.2014
M&LTEV &LTB V LLG&LZ EI YC; GEMIWVRLBYI&LTB TMI GEMIWVRLBYI&LTB TMI The aggregate amount of capital There is There is
WVRLBGY¶LLTB W'LL;3L_ TMI WVRLBGY¶LLTB *LXUIY3LELTC;)LIE&LIB *LXUIY3LELTC;)LIE&LIB deficiencies in all subsidiaries not no capital no capital
EIERZ*LXUIY3LEG&L¶LLTB EIERZ VHIBH4 VHIBH4 included in the consolidation i.e. that deficiency deficiency
KLGL GU6HTB MXQI &LTB MT EL7 GO¶LL are deducted and the name(s) of such in any of the in any of the
Y¶LLH43L'LLNVWVRLBGY¶LLTBETVL&L subsidiaries subsidiaries subsidiaries
103
$L4BEP3L;&LLV&LTB $LI&LLYG3LGPGÉL¶LLTB &LTB MBGZ*3LVHIB H4 3L'LLG*L$L4BEVT 1.4 The bank is not directly involved in insurance manufac-
$LI&LLEL¶L; EKKHIGV&VGZG<L3LWVRLBGY¶LLTB &LTB LT¶LK*LXUI&LTB GVPTL turing activity. However, bank has invested in the share
capital of the following insurance related Subsidiaries/
GE¶LLH4 Associates:
¹ E&*LVIELVL&L GEMOTL&LTB -PLG&L3P WBGE3L&LX:¶L $LHI&LX:¶L S. Name of the Country of Proportion Face Value Book value
MB $LVI WVR*LL3L ÈKLT.&LTB
ÈKLT.&LTB
No. company Incorporation of ownership (ìn crore) (ìn crore)
*LI V$LICB¶LLTKTBM )LLK3L % 1. PNB Insurance India 81% 4.05 11.73
D[LTEYÈLGZ* Broking Pvt. Ltd*
*LI V$LI&L47ZLC;*L2 )LLK3L % 2. PNB Metlife India India 30% 603.86 0.00007
CBG.¶LLCB¶LLTKT6M Insurance Company
E&*LVIGZ Ltd
*E&*LVIG¹¶LLLIZVHIB H4 WL4KEB*LVIET M&LL*LVET GZ EO&LN#L ULKHT H4B %¶LLTBGE * The company is non functional and steps are being taken for winding up of the
company as the license has already been surrendered on 14.02.2011.
ZLCMTBMELT*LHZTHIPL*LMGE¶LLULQRELH4"
.I *L2*LXUIY3LMBKQVL DF-2. Capital Structure
$L4BEEI7I¶LK*LXUI&LTBCG%P7ILT¶LK>ÈLKG\L3LGVGÉL¶LLWL4KVPLT6&LTL 2.1 Bank’s Tier 1 capital comprises of Equity Shares, Reserves and
$LTG&L¶LLOI$LBÉL*LLLLG&LZH4B" Innovative Perpetual Bonds.
$L4BEVT7I¶LK*LXUI&LTBM&LLPTLHT3LRVPLT6&LTL$LTG&L¶LLOI$LBÉL*LL 7I¶LK Bank has issued Innovative Perpetual Bonds (Tier 1 capital)
and also other bonds eligible for inclusion in Tier 2 capital.
*LXUI
WL4KW6¶L*LLL$LBÉL*LL)LIULKIGE H4B"$LBÉL*LLLTB ET ER/
Some of the important terms of the bonds are as under:
&LH3P*LXL;GV$LBÉLVGV&VP3LH4B
EÈLTG&LMKI VLT7 ET *L &LTB $LTG&L¶LLOI WÈG3L)LX3L W*LGKP3L;VI¶L YL4L a. Perpetual Unsecured Non-Convertible Subordinated
$LBÉL*LL 7I¶LK$LBÉL*LL
Bonds in the nature of Promissory Notes (Tier 1 bonds)
+AB<LZL WL$LB7V $LL8. EX*LVOK* WPGÉL &LLYGPE:*L* GP¹¶L Series Date of Bond Coupon Rate* Tenor Call option* Put
G3LG'L KLGL GPE:*L Allotment Amount Option
EKLT. (` in Crs)
` &LTB
I 20.07.2007 500 10.40% annual for Perpetual At par at the end None
I. *LHZT PL; ET GZ $LTG&L¶LLOI WL$LB7VEIG3LG'LMT ELTC;VHIB first 10 Years. Step of 10th year from
PLLE" ¶LGO WL$LB7V PL; ET WB3L&LTB M&L&LX:¶L up Coupon Rate of date of allotment
EIG3LG'LMTPL;ETWB3L *LK WL4K NMET $LLO 10.90% annual for and thereafter on
&LTB EL8Z WL*LV EL È¶LLTY È3¶LTE EX*LV G3LG'L *LK all subsequent years each coupon date
VHIB GE¶LL Y¶LL 3LLT M)LI )LLK3LI¶LGKuLP;$L4BEEI if call option is not (with prior RBI
exercised at the end permission)
*LKP3LI;PLLTETGZ *LXPL;VR&LG3LMT
of 10th year from the

PLLEEX*LVOKHLTYI" date of allotment
II. *LHZT PL; ET GZ $LTG&L¶LLOI WL$LB7VEIG3LG'LMT ELTC;VHI II 11.12.2007 300 9.75% annual for Perpetual At par at the end None
PLLE"¶LGOWL$LB7V PL; ET WB3L&LTB M&L&LX:¶L first 10 years. Step of 10th year from
EIG3LG'LMTPL;ETWB3L *LK WL4K NMET $LLO up Coupon Rate of date of allotment
10.25% annual for and thereafter on
&LTB EL8Z WL*LV EL È¶LLTY È3¶LTE EX*LV G3LG'L *LK
all subsequent years each coupon date
*LKP3LI;;PLLTETGZ *LXPL;VR&LG3LMT
PLLEEIEX*LVOKHLTYI" of 10th year from the
date of allotment.
III. *LHZTPL;ETGZ $LTG&L¶LLOI WL$LB7VEIG3LG'LMT ELTC;VHIB III 18.01.2008 300 9.45% annual for Perpetual At par at the end None
PLLE" ¶LGO WL$LB7V EI PL; ET WB3L&LTB M&L&LX:¶L first 10 years. Step of 10th year from
G3LG'LMT PL; ET WB3L&LTB *LK WL4K NMET $LLO up Coupon Rate of date of allotment
EL8ZWL*LVELÈ¶LLTYVHIB È3¶LTE EX*LV G3LG'L *LK 9.95% annual for and thereafter on
GE¶LL Y¶LL 3LLT M)LI *LKP3LI; )LLK3LI¶LGKuLP;$L4BEEI if call option is not (with prior RBI
PLLTETGZ PLLE *LXPL;VR&LG3LMT
EIEX*LVOKHLTYI" of 10th year from the
date of allotment
IV. *LHZTPL;ETGZ $LTG&L¶LLOI WL$LB7VEIG3LG'LMT ELTC;VHIB IV 19.01.2009 220.50 8.90% annual for Perpetual At par at the end None
GE¶LL Y¶LL 3LLT M)LI *LKP3LI; )LLK3LI¶LGKuLP;$L4BEEI
if call option is not (with prior RBI
date of allotment.
V. *LHZTPL;ETGZ $LTG&L¶LLOI WL$LB7VEIG3LG'LMT ELTC;VHIB V 28.08.2009 500 9.15% annual for Perpetual At par at the end None
GE¶LL Y¶LL 3LLT M)LI *LKP3LI; )LLK3LI¶LGKuLP;$L4BEEI
if call option is not (with prior RBI
date of allotment.
104
okf"kZd fjiksVZ
+BA<LZL WL$LB7V $LL8. EX*LVOK* WPGÉL &LLYGPE:*L * GP¹¶L Series Date of Bond Coupon Rate* Tenor Call option* Put
G3LG'L KLGL GPE:*L Allotment Amount Option
EKLT. (` in Crs)
`&LTB
VI. *LHZT PL; ET GZ $LTG&L¶LLOI WL$LB7VEIG3LG'LMT ELTC;VHIB VI 27.11.2009 200 9.00% annual for Perpetual At par at the end None
PLLE"¶LGOWL$LB7V PL; ET WB3L&LTB M&L&LX:¶L first 10 years. Step of 10th year from
up Coupon Rate of date of allotment
EIG3LG'LMTPL;ETWB3L *LK WL4K NMET $LLO
9.50% annual for and thereafter on
&LTB EL8Z WL*LV EL È¶LLTY È3¶LTE EX*LV G3LG'L *LK all subsequent years each coupon date
*LKP3LI; PLLT ET GZ *LXPL;VR&LG3LMT
PLLEEX*LVOKHLTYI" of 10th year from the
date of allotment.
VII. WL$LB7VEIG3LG'LMTPLLT $LTG&L¶LLOI WL$LB7V EI G3LG'L MT ELTC;VHIB
EIM&LLG*3L*LKEL8ZWL*LV PLLTEIM&LLG*3L*LK VII 13.02.2015 1500 9.15% annual with Perpetual At par at the end None
ET ML'L PLLE M&L&LX:¶L*LK the call option at the of 10th year from
WL$LB7VEIG3LG'LMTPLLT end of 10th year from date of allotment
EIM&LLG*3L*LKEL8ZWL*LV the date of allotment
ETML'LPLLE"
TOTAL 3520.50
ERZ
* subject to RBI guidelines
*)LLK3LI¶LGKuLP;$L4BEET&LLY;GVOT;LLTBEIL3LLTETWÉLIV b. Unsecured Redeemable Non-Convertible Subordinated
<LÈLTG&LMKIVLT7EIÈ²G3L&LTBWÈG3L)LX3LÈG3LOT¶LVL8VE6P7$LZYL4L Bonds in the nature of Promissory Notes (Upper Tier 2
$LL8. W*LK7I¶LK$LBÉL*LL
bonds).
Series Date of Bond Coupon Rate* Tenor Call Put Redemption/
+AB<LZL WL$LB7VG3LG'L $LL8.KLGL EX*LVOK * WPGÉL &LLBY GP¹¶L &LLTQV! Allotment Amount Option* Option Maturity*
` EKLT. GPE:*L* GPE:*L *LGK*L%P3LL* (`
&LTB
in cr)
I 08.12.2006 500 Interest at the rate 15 At par at the None At par at the end of
I. %ÈG3LPL; OK PL; WL$LB7V EI ELTC; WL$LB7V EI
of 8.80% p.a. years end of 10th the 15th year from
*LK $¶LLU PLLE G3LG'L MT VHIB G3LG'L MT payable annually. year from the date of allot-
MBOT¶L H4" ¶LGO PL; ET WB3L PL; ET WB3L If the call option the date ment, if the call
WL$LB7V EI G3LG'L &LTB M&L&LX:¶L &LTB M&L&LX:¶L is not exercised of allot- option is not exer-
MT PL; ET WB3L *LK )LLK3LI¶L *LK ¶LGO at the end of 10th ment (with cised at the end of
&LTB EL8ZWL*LVEL GKuLP; $L4BE PL;ETWB3L&LTB year from date of prior RBI 10th year.
allotment then permission)
È¶LLTYVHIBGE¶LLY¶LL EI *LXPL;VR&LG3L &LLY GPE:*L
the bonds shall
3LLT $LL8.LTB *LKG*L/ZT MT
ELÈ¶LLTYVHIB carry the interest
PLLT W'LL;3L_ GE¶LLY¶LLH4" of 9.30% payable
MT PL; ET GZ annually for the
% MT PLLE last five years i.e.
$¶LLUMBOT¶LHLTYL" 11th to 15th year
II. %ÈG3LPL; OK PL; WL$LB7V EI ELTC; WL$LB7V EI II 12.12.2007 500 Interest at the rate 15 At par at the None At par at the end of
of 9.35% p.a. years end of 10th the 15th year from
*LK $¶LLU PLLE G3LG'L MT VHIB G3LG'L MT payable annually. year from the date of allot-
MBOT¶L H4" ¶LGO PL; ET WB3L PL; ET WB3L If the call option the date ment, if the call
È¶LLTYVHIBGE¶LLY¶LL EI *LXPL;VR&LG3L &LLY GPE:*L allotment then permission)
the bonds shall
3LLT $LL8. *LK G*L/ZT MT
ELÈ¶LLTYVHIB carry the interest
III. %ÈG3LPL; OK PL; WL$LB7V EI ELTC; WL$LB7V EI III 05.03.2008 510 Interest at the rate 15 At par at the None At par at the end of
*LK $¶LLU PLLE G3LG'L MT VHIB G3LG'L MT of 9.35% p.a. years end of 10th the 15th year from
payable annually. year from the date of allot-
MBOT¶LH4"¶LGOWL$LB7V PL; ET WB3L PL; ET WB3L If the call option the date ment, if the call
EIG3LG'LMTPL; &LTB M&L&LX:¶L &LTB M&L&LX:¶L is not exercised of allot- option is not exer-
ET WB3L &LTB EL8Z *LK )LLK3LI¶L *LK ¶LGO at the end of 10th ment (with cised at the end of
WL*LV EL È¶LLTY GKuLP; $L4BE PL;ETWB3L&LTB year from date of prior RBI 10th year.
VHIB GE¶LL Y¶LL 3LLT EI *LXPL;VR&LG3L &LLY GPE:*L allotment then permission)
$LL8.LTB *LK G*L/ZT MT
ELÈ¶LLTYVHIB the bonds shall
carry the interest
IV. ÈG3L PL; OK PL; WL$LB7V EI ELTC; WL$LB7V EI IV 27.03.2008 600 Interest at the rate 15 At par at the None At par at the end of
*LK $¶LLU PLLE G3LG'L MT VHIB G3LG'L MT of 9.45% p.a. years end of 10th the 15th year from
payable annually. year from the date of allot-
MBOT¶L H4" ¶LGO PL; ET WB3L PL; ET WB3L
If the call option the date ment, if the call
È¶LLTYVHIBGE¶LLY¶LL EI *LXPL;VR&LG3L &LLY GPE:*L allotment then permission)
3LLT $LL.LTB *LK G*L/ZT ELÈ¶LLTYVHIB the bonds shall
MT
carry the interest
PLLT W'LL;3L_ GE¶LLY¶LLH4"
of 9.95% payable
MT PLLE last five years i.e.
105
+AB<LZL WL$LB7VG3LG'L $LL8.KLGL EX*LVOK * WPGÉL &LLBY GP¹¶L &LLTQV! Series Date of Bond Coupon Rate* Tenor Call Put Redemption/
` EKLT. GPE:*L* GPE:*L *LGK*L%P3LL* Allotment Amount Option* Option Maturity*
(`
&LTB
in cr)
V. ÈG3L PL; PL; WL$LB7V EI ELTC; WL$LB7V EI V 29.09.2008 500 Interest will be 15 At par at the None At par at the end of
OK*LK$¶LLUPLLE G3LG'L MT VHIB G3LG'L MT paid at the rate of years end of 10th the 15th year from
MBOT¶L H4" ¶LGO PL; ET WB3L PL; ET WB3L 10.85% p.a. pay- year from the date of allot-
able annually. If the date ment, if the call
WL$LB7V EI G3LG'L &LTB M&L&LX:¶L &LTB M&L&LX:¶L
the call option is of allot- is not exercised
MT PL; ET WB3L *LK )LLK3LI¶L *LK ¶LGO not exercised at ment (with at the end of 10th
&LTB EL8ZWL*LVEL GKuLP; $L4BE PL;ETWB3L&LTB the end of 10th prior RBI year.
È¶LLTYVHIBGE¶LLY¶LL EI *LXPL;VR&LG3L &LLY GPE:*L year from the permission)
ELÈ¶LLTYVHIB date of allotment
PLLT W'LL;3L_ GE¶LLY¶LLH4" then the bonds
shall carry the in-
MT PL; ET GZ
terest of 11.35%
MT PLLE payable annually
$¶LLUMBOT¶LHLTYL" for the last five
years i.e. 11th to
15th year.
VI. ÈG3L PL; OK PL; WL$LB7V EI ELTC; WL$LB7V EI VI 22.12.2008 500 Interest will be 15 At par at the None At par at the end of
*LK $¶LLU PLLE G3LG'L MT VHIB G3LG'L MT paid at the rate of years end of 10th the 15th year from
&LTB EL8ZWL*LVEL GKuLP; $L4BE PL;ETWB3L&LTB the end of 10th prior RBI year.
PLLT W'LL;3L_ then the bonds
GE¶LLY¶LLH4" shall carry the
MT PL; ET GZ
interest of 9.45%
years i.e. 11th to
15th year.
VII. ÈG3L PL; OK PL; WL$LB7V EI ELTC; WL$LB7V EI VII 18.02.2009 1000 Interest will be 15 At par at the None At par at the end of
WL$LB7V EI G3LG'L &LTB M&L&LX:¶L &LTB M&L&LX:¶L able annually. If the date ment, if the call
&LTB EL8ZWL*LVEL GKuLP; $L4BE PL;ETWB3L&LTB the end of 10th prior RBI year
MT PL; ET GZ
interest of 9.65%
years i.e. 11th to
15th year.
VIII. ÈG3L PL; OK PL; WL$LB7V EI ELTC; WL$LB7V EI VIII 21.04.2009 500 Interest will be 15 At par at the None At par at the end of
3LLT $LL.LTB *LK G*L/ZT MT
MT PL; ET GZ
interest of 9.30%
years i.e. 11th to
15th year.
IX. ÈG3L PL; OK PL; WL$LB7V EI ELTC; WL$LB7V EI IX 04.06.2009 500 Interest will be 15 At par at the None At par at the end of
8.37% p.a. pay- year from the date of allot-
MBOT¶L H4" ¶LGO PL; ET WB3L PL; ET WB3L
WL$LB7V EI G3LG'L &LTB M&L&LX:¶L &LTB M&L&LX:¶L the call option is of allot- is not exercised
then the bonds
PLLT W'LL;3L_ GE¶LLY¶LLH4" shall carry the
MT PL; ET GZ interest of 8.87%
years i.e. 11th to
15th year.
106
okf"kZd fjiksVZ
+AB<ZL WL$LB7VG3LG'L $LL8.KLGL EX*LVOK* WPGÉL &LLBY GP¹¶L &LLTQV! Series Date of Bond Coupon Rate* Tenor Call Put Redemption/
`*L¶LLTB GPE:*L* GPE:*L *LGK*L%P3LL* Allotment Amount Option* Option Maturity*
(`
&LTB
in cr)
X. ÈG3L PL; OK PL; WL$LB7V EI ELTC; WL$LB7V EI X 09.09.2009 500 Interest will be 15 At par at the None At par at the end of
WL$LB7V EI G3LG'L &LTB M&L&LX:¶L &LTBM&L&LX:¶L*LK the call option is of allot- is not exercised
MT PL; ET WB3L *LK )LLK3LI¶L ¶LGO PL; not exercised at ment (with at the end of 10th
&LTB EL8ZWL*LVEL GKuLP; $L4BE ETWB3L&LTB&LLY the end of 10th prior RBI year
È¶LLTYVHIBGE¶LLY¶LL EI *LXPL;VR&LG3L GPE:*LEL year from the permission)
date of allotment
PLLT W'LL;3L_
È¶LLTY VHIB then the bonds
MT PL; ET GZ interest of 9.10%
years i.e. 11th to
15th year.
XI ÈG3L PL; OK PL; WL$LB7V EI ELTC; WL$LB7V EI XI 27.11.2009 500 Interest will be 15 At par at the None At par at the end of
shall carry the
MT PL; ET GZ
interest of 8.87%
years i.e. 11th to
15th year.
XII ÈG3L PL; OK PL; WL$LB7V EI ELTC; WL$LB7V EI XII 24.05.2010 500 Interest will be 15 At par at the None At par at the end of
shall carry the
MT PL; ET GZ
interest of 8.87 %
years i.e. 11 to
15th year.
ULT. Total 6610.00
*)LLK3LI¶LGKUP;$L4BEET&LLY;GVOT;LLTBEIL3LLTETWÉLIV *subject to RBI guidelines

c. Unsecured Redeemable Non Convertible Subordinated
YÈLTG&LMKIVLT7!G.$LT6QKEIÈ²G3L&LTBWÈG3L)LX3LÈG3LOT¶LVL8VE6P7$LZ Bonds in the nature of Promissory Notes /Debenture (Tier
YL4L$LL8. 7I¶LK$LBÉL*LL
2 Bonds)
¹&L +AB<LZL WL$LB7V $LL8. È²G3L EX*LVOK WPGÉL *LGK*L%P3LL Sr. Series Date of Bond Nature Coupon Tenor Date of
No. Allotment Amount Rate (in Maturity
MB G3LG'L KLGL EKLT. ÈG3LPL; &LLH G3LG'L (Rs in Crs) (% p.a. months)
` &LTB
PLLE &LTB
payable
annually)
MBOT¶L
XI ÈLTG&L-MKI 1 XI 16.06.2006 884.80 Promissory 8.45 118 16.04.2016
Notes
VLT7
XII ÈLTG&L-MKI 2 XII 16.08.2006 115.00 Promissory 9.15 116 16.04.2016
Notes
VLT7
3 XIII 08.09.2006 500.00 Promissory 8.95 115 08.04.2016
XIII ÈLTG&L-MKI Notes
VLT7
4 XIV 24.02.2014 1000.00 Debenture 9.65 120 24.02.2024
XIV G.$LT6QK
5 XV 28.03.2014 500.00 Debenture 9.68 120 28.03.2024
XV G.$LT6QK
6 XVI 03.04.2014 500.00 Debenture 9.68 120 03.04.2024
XVI G.$LT6QK
7 XVII 09.09.2014 500.00 Debenture 9.35 120 09.09.2024
XVII G.$LT6QK
8 XVIII 30.09.2014 1000.00 Debenture 9.25 120 30.09.2024
XVIII G.$LT6QK
ULT. TOTAL 4999.80
107
$L4BEEI7I¶LK*LXUI&LTBGV&VGZG<L3LMG&&LGZ3LH4 2.2 The Tier 1 capital of the bank comprises:
ÈKLT.&LTB
(ìn crore)
i) QRE3LLLT¶LK*LXUI i) Paid up share capital 370.91 362.07
ii) ÈLKG\L3LGVGÉL¶LL8B *LRV&LX;:¶LVÈLKG\L3LGVGÉL¶LLTBELT/LT.EK
ii) Reserves (excluding revaluation reserves) 36896.31 33661.99
iii) VPLT6&LTL$LTG&L¶LLOI$LL8. iii) Innovative Perpetual Bonds 3520.50 2020.50
iv) W6¶L*LXUIY3LGZ<L3LTB iv) Other Capital Instruments
v) WVRLBGY¶LLTB&LTBCG%P7IGVPTL
v) Equity Investment in subsidiaries (50%) 969.18 803.11
vi) Intangible Assets (Deferred Tax Assets + 1573.21 635.84
vi) W&LX3L;WLG-3L¶LL WL-'LGY3LEKWLG-3L¶LLE&*¶LX7KML8¾7PT¶LK

Computer Software)
vii) W3LKZWLG-3L¶LLTBETGZ &LX:¶LÀLM vii) Dep. for illiquid securities 0.00 0.00
7I¶LK"*LXUI(i +ii+iii+iv-v-vi- vii) Tier 1 Capital (i + ii + iii + iv –v –vi-vii) 38245.33 34605.61
7I¶LK*LXUIEIKLGL E7L4G3L¶LLTBET$LLO
GV&VGZG<L3LH4" 2.3 The amount of Tier 2 capital (net of deductions) is:
ÈKLT.&LTB
(ìn crore)
7I¶LK*LXUIEIKLGL E7L4G3L¶LLTBET$LLO
The amount of Tier 2 capital (net of deductions) 13351.36 11135.48
W*LK7I¶LK*LXUI&LTBM&LLPTLHT3LR*LLLNÉLLK*LXUIGZ<L3LTBGV&VGZG<L3L 2.4. The debt capital instruments eligible for inclusion in Upper
H4B Tier 2 capital are:
ÈKLT.&LTB
(` in Crores)
Total amount outstanding 6610.00 6610.00
ERZ$LEL¶LLKLGL
Of which amount raised during the 0.00 0.00
GUM&LTBMTQLZXPL;ETOL4KLVUR7LC;YC;KLGL current year
Amount eligible to be reckoned as 6610.00 6610.00
*LXUIY3LGVGÉLET*L&LTB&LL6¶L*LLLKLGL capital funds
ZLTWK7I¶LK*LXUI&LTBM&LLPTLHT3LR*LLLYL4LNÉLLK 2.5 The subordinated debts eligible for inclusion in Lower Tier 2
capital is:
ÈKLT.&LTB
(` in crores)
Total amount outstanding 4999.80 2999.80
ERZ$LEL¶LLKLGL
Of which amount raised during the 2000.00 1500.00
GUM&LTBMTQLZXPL;ETOL4KLVUR7LC;YC;KLGL current year
Amount eligible to be reckoned as 3799.96 2099.92
*LXUIY3LGVGÉLET*L&LTB&LL6¶L*LLLKLGL capital funds
*LXBUIMTELTC;WL4KE7L4G3L¶LL>¶LGOHLTB 2.6 Other deductions from capital, if any:

ÈKLT.&LTB
(` in crores)
Other deductions from capital, if any: NIL NIL
¶LGO*LXUIMTELTC;WL4KE7L43LIHRC;HLT LX6¶L LX6¶L
ERZ*LLL*LXBUI&LTBGV&VGZG<L3LLLG&LZH4B 2.7 The total eligible capital comprises:

ÈKLT.&LTB
(` in crores)
7I¶LK*LXBUI Tier – 1 Capital 38245.34 34605.60
7I¶LK*LXBUI Tier – 2 Capital 13351.36 11135.47
ERZ*LXBUI Total Capital 51596.70 45741.07
3LLGZEL.I *L2*LXUI*L¶LL;*3L3LL Table DF-3: Capital Adequacy

YRLL3&LEÈE7IEKL Qualitative Disclosures:
JXBUIJL;*SSL Capital Adequacy
$L4E
B M&LY[ ULTG<L&LÈ$L6ÉLVVIG3L&LTB GPPLMKH3LLH4 WL4KULTG<L&LET ÈG3L The bank believes in the policy of total risk management. The
M&LY[ OAGrELTLK<L3LT HR $LLÉ¶L3LLÉLLKIMT M&$LGPLTLULTG<L&LLT>B ULTG<L&L&LTB bank views the risk management function as a holistic approach
108
okf"kZd fjiksVZ
HLTVT PLZT N3LLKQLPET $LIQ&LTB *LK-*LKM&$L6ÉLWL4KGV¶LBGL3L*LGKQLZE whereby risk retention is considered appropriate after giving due
ULTG<L&L PL3LLPKL ET )LI3LK 3LOLVR*L GPPKGL¶LLTB WL4K ELKLT$LLK ET GPG)L£ consideration to factors such as specific risk characteristics of
NÎT¶LLTB EIN*LZG$ÉL¶LLTB ETGPGL7ULTG<L&LZ\LLLTB ELTNGQ3L&LH3POT3LTHR obligor, inter relationship between risk variables and corresponding
return and achievement of various business objectives within
ULTG<L&LELT MHVEKVLNGQ3L&LLVLUL3LLH4"$L4E B EL¶LHGPPLMH4 GE the controlled operational risk environment. Bank believes that
MPLT1; Q!PGK#È$L6ÉLVET OLG¶L3PLTB &LTB ULTG<L&LÈ$L6ÉLVELÈ&LR<L-'LLVH4" risk management is one of the foremost responsibilities of top/
GVOTLE&L.Z0¶LL*LE*LMT ULTG<L&LÈ$L6ÉLVVIG3L¶LLTB *LK*L24MZLZT3LLH4 senior management. The Board of Directors decides the overall
WL4KULTG<L&LÈ$L6ÉLVOL;VPVIG3L>LÈ$L6ÉLVPULTG<L&LÈ$L6ÉLVVIG3L> risk management policies and approves the Risk Management
GVPTLVIG3L>WLG-3LOT¶L3LLÈ$L6ÉLVVIG3L>*LGKQLZVY3LULTG<L&LÈ$L6ÉLVVIG3L> Philosophy & Policy, Credit Management & Risk Policy, Investment
WL63LGKE*LXU B I*L¶LL;*3L3LLGVÉLL;KLÈG¹¶LLVIG3L WLC; MI *LI
>L Policy, ALM policy, Operational Risk Management Policy,
Policy for internal capital adequacy assessment process (ICAAP),
ULTG<L&L6¶LXVIEKLPMB*LLG;PEÈ$L6ÉLVVIG3L>O$LLPULQVIG3L3L'LLELKLT$LLK Credit Risk Mitigation & Collateral Management Policy, Stress
È²G3L!YG3LGPGÉL¶LLTB EI*LKT<LLELWVR&LLTGO3LEK3LLH4GUV&LTB $L4E B ETGPG)L£ Testing Policy and Policy for Mapping Business Lines/Activities,
ULTG<L&LLTB ETM&$L6ÉL&LTB M&LTGE3LÈ$L6ÉLVETGZ GOLLGVOT; L3L'LLEL¶L;VIG3L¶LL containing the direction and strategies for integrated management
3L¶LHLT3LIH4"B CVVIG3L¶LLTB &LTB W6¶L$LL3LLTB ETML'LML'LCM$LL3LEL)LIN:ZT<L of the various risk exposures of the Bank. These policies, interalia,
HLT3LLH4GELRWL3LEHLMTEIUL¶LTYI><L3LKLEHLH4WL4KGEV$LL3LLTB *LK contain various trigger levels, exposure levels, thrust areas etc.
ULTKGO¶LLUL¶LTYL" The bank has constituted a Board level subcommittee namely Risk
GVOTLE&LB.Z^LKLGVOTLE&LB.Z-3LKEIN*LMG&LG3L$LVLC;Y¶LIH4GUMEL Management Committee(RMC). The committee has the overall
VL&LH4 ULTG<L&LÈ$L6ÉLVMG&LG3L"&LLT7T 3LL4K*LKCMMG&LG3LELOLG¶L3PH4 responsibility of risk management functions and oversees the
ULTG<L&LÈ$L6ÉLVETEL¶L;EKVL3L'LL¶LHLULTG<L&LÈ$L6ÉLVMG&LG3L MI function of Credit Risk Management Committee (CRMC), Asset
Liability Committee (ALCO) and Operational Risk Management
WLK &LMI
>WL8G-3LOT¶L3LLMG&LG3L ZMI
PB*LGKQLZVY3LULTG<L&L Committee (ORMC). The meeting of RMC is held at least once
È$L6ÉLVMG&LG3L WLTWLK &LMI
ETEL¶LLTELMPT;\LLEK3LIH4"ULTG<L&L in a quarter. The bank recognizes that the management of risk
È$L6ÉLVMG&LG3LEIG3L&LLHI&LTB E&LMT E&L E$L4#EHLT3LIH4"$L4BE¶LH is integral to the effective and efficient management of the
M&L3LLH4 GEMBY#VET È)LLPI3L'LLERLZBYMT EL¶L; EKVT ET GZ organization.
ULTG<L&LÈ$L6ÉLV EWGVPL¶L;3LLH4" 3.1. Credit Risk Management
LULTG<L&LÈ$L6ÉLV 3.1.1 Credit Risk Management Committee (CRMC) headed
È$L6ÉLGVOTLE PB EL¶L;*LLZEWGÉLELKIEIWÉ¶L\L3LL&LTB YG#3L by MD & CEO is the top-level functional committee for
LULTG<L&LÈ$L6ÉLVMG&LG3LLULTG<L&LETGZ EL¶L;EKVTPLZI Credit risk. The committee considers and takes decisions
necessary to manage and control credit risk within overall
MPLT;1QMG&LG3LH4"¶LHMG&LG3LGVOTLE&L.Z^LKLGVÉLL;GK3LM&LY[
quantitative prudential limit set up by Board. The committee
&LLLL3&LEWL4KGPPTE*LXL;MI&LLET)LI3LKLETÈ$L6ÉLVWL4KGV¶LBLL is entrusted with the job of approval of policies on standards
ET GZ WLP¶LEGVL;¶LZTVT *LKGPQLKEK3LIH4 WL4K TMT GVL;¶L for presentation of credit proposal, fine-tuning required in
ZT3LIH4"CMMG&LG3LELTLÈ-3LLPLTBETÈ-3LRG3LEKLET&LLVELTBEI various models based on feedbacks or change in market
VIG3L¶LLTBETWVR&LLTOV>$LLuLLKET*LGKOA¶L&LTB*LGKP3L;VW'LPL¾2I.$L4E scenario, approval of any other action necessary to comply
ETWLÉLLK*LKGPG)L£&LL8.ZLTB&LTBUKIMRÉLLK>LULTG<L&LÈ$L6ÉLV with requirements set forth in Credit Risk Management
VIG3L!)LLK3LI¶LGKuLP;$L4BEET&LLY;GVOT;LLTBEIW*LT\LLWLTBET*LLZVET Policy/ RBI guidelines or otherwise required for managing
credit risk.
GZ W'LPLLULTG<L&LÈ$L6ÉLVETGZ W6¶L'LLWLP¶LEGEMI
W6¶LEL¶L;M&$L6ÉLIVIG3L¶LLTBETWVR&LLTOVELEL&LML4B*LLY¶LLH4" 3.1.2 In order to provide a robust risk management structure, the
Credit Management and Risk Policy of the bank aims to
&LU$LX3LULTG<L&LÈ$L6ÉLVLBQLÈOLVEKVTETGZ $LVLC;YC;$L4BEEI provide a basic framework for implementation of sound credit
LÈ$L6ÉLV PBULTG<L&LVIG3LELNÎT¶LH4$L4BEEI&LU$LX3LL risk management system in the bank. It deals with various
ULTG<L&LÈ$L6ÉLVÈLLZIETEL¶LL;6P¶LVHT3LR E&LXZ)LX3LLBQLÈOLV areas of credit risk, goals to be achieved, current practices
EKVL"¶LHVIG3LLULTG<L&L>ÈL*3LGE¶LTULVTPLZTZ\¶LLTB>P3L;&LLV and future strategies. As such, the credit policy deals with
È'LLWLTB WL4K)LLPIVIG3L¶LLTB U4MT WVTEEL¶L;\LTLLTB ET MB$LBÉL&LTB EL¶L; short term implementation as well as long term approach to
credit risk management. The policy of the bank embodies
EK3LIH4"CM3LKHLVIG3L>LULTG<L&LÈ$LBÉLVHT3LRZ LRWPGÉL in itself the areas of risk identification, risk measurement,
WL4KOI L; WPGÉLEL¶LL;6P¶LVEK3LIH4"$L4BEEI¶LHVIG3LULTG<L&L risk grading techniques, reporting and risk control systems
\LTLLTBEI*LHQLV>CMETN*LL¶L>ULTG<L&L+TLIEKL3LEVIEI>GK*LLT7Y / mitigation techniques, documentation practice and the
WL4K ULTG<L&L GV¶LBLL GM-7&L!M&LV 3LEVIEI> WG)LZT<LIEKL WL4K system for management of problem loans.
LM&L-¶LLETÈ$LBÉLVHT3LRGM-7&LELTM&LLGH3LEK3LIH4" All loan proposals falling under the powers of GM & above
at HO/ Field General Manager and Circle Head at field are
ÈÉLLVEL¶LL;Z¶L3L'LL*L2I:.&LTB&LHLÈ$L6ÉLEWL4KNMMT¦*LK-3LKET
considered by Credit Approval Committee (CAC).
&LB.ZÈ&LR<LEILG%S¶LLTB&LTBWLVTPLZTM)LIÈ-3LLPLTB*LKLWVR&LLTOV
MG&LG3L MI MI
ET&LLÉ¶L&LMTGPQLKGE¶LLUL3LLH4" 3.1.3 Bank has developed comprehensive risk rating system that
serves as a single point indicator of diverse risk factors of
$L4BEVT0¶LL*LEULTG<L&LKT7YÈLLZIGPEGM3LEIH4ULTW6¶L*L\LLTB counterparty and for taking credit decisions in a consistent
ETGPGPÉLULTG<L&L L7ELTB^LKLM3L3L_OAGrMTLM&$L6ÉLIGVL;¶LZTVT manner. The risk rating system is drawn up in a structured
&LTB EZG$L6ORMXQEET*L&LTBEL¶L;EK3LIH4"ULTG<L&LKT7YÈLLZI manner, incorporating different factors such as borrower’s
109
0¶LPG-'L3LBYMT3L4¶LLKEIYC;H4ULTLE3LL;ELP4GLr¶L>N]LTY*LKE specific characteristics, industry specific characteristics etc.
P4GLr¶LWLGOU4MTGPG)L£ L7ELTBEIULVELKIOT3LIH4"*L¶LTZL<L Risk rating system is being applied to the loan accounts with
MTWGÉLEEIERZMI&LLPLZTL<LL3LLTB*LKULTG<L&LKT7YÈLLZI total limits above Rs.50 lacs. Bank is undertaking periodic
validation exercise of its rating models and also conducting
ZLYXEIUL3LIH4"$L4BEW*LVTKT7Y&LL8.ZLTBEIP4ÉL3LLEIM&L¶LM&L¶L migration and default rate analysis to test robustness of its
*LKULQEK3LLKH3LLH4WL4KNVEI&LU$LX3LIEIULQEKVTETGZ rating models.
&LLCY[TLVWL4KQXEOKELGPZTLL)LIEK3LLKH3LLH4" Small & Medium Enterprise (SME) and Retail advances are
/LT7T LLTB WL4K<LROKLWGY[&LLTB ET GZ WBEOTVT ET &LL8.ZW*LVL subjected to Scoring models which support “Accept/ Reject”
UL3LT H4B GUV&LTB L ??&LBUXK!VL&LBUXK EKVT ET GVL;¶L ÈL*3L WBELTB decisions based on the scores obtained. All SME and Retail
*LK WLÉLLGK3L HLT3LT H4B" <LROKL LLTB ET M)LI WLPTOVLTB EL &LX:¶LLBEV loan applications are necessarily to be evaluated under score
WGVPL¶L;3LWBEÈLLZIEIÈG¹¶LLMTGE¶LLUL3LLH4"/LT7T PB&LÉ¶L&L card system. Scoring model Farm sector has been developed
N]&L+TLIETLTL\LTLW'LL;3L_*L2L&L;\LTLETGZ WBE*LG3LGPEGM3L and implementation process is under progress. The bank
plans to cover each borrowal accounts to be evaluated under
EIYC;H4WL4KNMELEL¶LL;6P¶LVÈYG3L*LKH4"$L4BEEI¶LH¶LLTUVLH4
risk rating/ score framework.
GEGUVL<LL3LLTBEL&LX:¶LLBEVGE¶LLULVLH4NV&LTBMTÈ3¶LTEL
<LL3LTELTULTG<L&L&LX:¶LLBEV!WBEOTVTEIÈG¹¶LLMTYRUKVL*L.T" Recognizing the need of technology platform in data
handling and analytics for risk management, the bank has
WLBE.LBT ETM&$L6ÉL&LTB ÈL4]LTGYEI3L'LLULTG<L&LÈ$L6ÉLVETGZ GPZTLL placed rating/ scoring systems at central server network. All
EIUK3LELTM&L3LTHR $L4E B VTCVOLTVLTB ÈLLGZ¶LLTB ELTET6ÇI¶LMP;K these models can be assessed by the users ‘on line’ through
VT7PE;*LK.LZGO¶LLH4"CVM)LI&LL8.ZLTB ELTÈ¶LLT%SLWLTB ^LKL$L4E B ET any office of the bank.
GEMI)LIEL¶LL;Z¶LMTWL8VZLCVÈ¶LLTYGE¶LLULME3LLH4" For monitoring the health of borrowal accounts at regular
L<LL3LLTBET-PL-'¶LEIM&L¶LM&L¶L*LK&LL8GV7KYETGZ $L4BE intervals, bank has put in place a tool called Preventive
VT LHLGV¶LLTB EIKLTE'LL&L!N6HTB 6¶LXV3L&LK<LVT ET OAGrY3LLI L[ Monitoring System (PMS) for detection of early warning
QT3LLPVIMBET3LLTB EL*L3LLZYLVT ET GZ GVPLKE&LL8GV7KYÈLLZI signals with a view to prevent/minimize the loan losses.
*LI &L M
VL&LE0¶LP-'LLELTZLYXGE¶LLH43LLGELHLGV¶LLTBELT 3.1.4 Bank is in the process of implementing enterprise-wide data
E&LMTE&LK<LLULMET! L7L¶LLULMET" warehouse (EDW) project, to cater to the requirement for the
$L4BEN]LTYPLK.L7LPT¶LKHLNM)LIEL¶LL;G6P3LEKVTULKHLH43LLGE reliable and accurate historical data base and to implement
the sophisticated risk management solutions/ techniques and
GPPMVI¶L3L'LLMHI*LLK&*LGKE.L7L$LTMEIW*LT\LLWLTBELT*LXKLGE¶LL the tools for estimating risk components {PD (Probability
ULMETWL4KULTG<L&LÈ$L6ÉLVM&LLÉLLV!3LEVIELTBELT$LLGKEIMTZLYX of Default), LGD (Loss Given Default), EAD (Exposure at
GE¶LLULMET WL4KULTG<L&L L7ELTB ELWVR&LLVZYLVT QXEEI Default)} and quantification of the risks in the individual
MB)LLPVL
ZUI.I \LG3LOLLIQXE
>C; .I QXEMB)LLGP3L exposures to assess risk contribution by individual accounts in
<LL3LLBT
WL4KGPG)L£LLTBETM&$L6ÉL&LTBULTG<L&LLTBEI&LLLLEL*L3LL total portfolio and identifying buckets of risk concentrations.
ZYLVTETWVR&LLVLTBETGZ )LI<LLELGPEGM3LEKVTETML'LML'L 3.1.5 As an integral part of Risk Management System, bank has
ET6ÇI)LX3LULTG<L&LETGZ )LI<LLEL3L4¶LLKEKKHLH4" put in place a well-defined Loan Review Mechanism
LULTG<L&LÈ$L6ÉLVETWBYET*L&LTBHI$L4BEVT EMR*LGK)LLGL3L (LRM). This helps bring about qualitative improvements in
L M&LI\LL 3LBL Z WLK &L
$LVL¶LL H4" CMMT L ÈLLMV credit administration. A separate Division known as Credit
&LTB YRLL3&LEMRÉLLKZLVT &LTB &LOOG&LZ3LIH4"LM&LI\LL3LBLET Audit & Review Division has been formed to ensure LRM
EL¶LL;6P¶LVET E-P3LBLÈ)LLY$LVL¶LLY¶LLH4GUMELVL&LH4L implementation.
ZT<LL*LKI\LLPM&LI\LLÈ)LLY" 3.1.6 The risk rating and vetting process is done independent
of credit appraisal function to ensure its integrity and
ULTG<L&LEIKT7YWL4KULBQÈG¹¶LLELEL¶L;L&LX:¶LLBEVMTG)L£*L independency. The rating category wise portfolio of loan
MTGE¶LLUL3LLH43LLGENMEIGPPMVI¶L3LLWL4K-P3LBL3LL$LVIKHMET" assets is reviewed on quarterly basis to analyze mix of quality
WLG-3L¶LLTB WLGOEIYRLPºLLG&L+LELGPZTLLEKVTETGZ G3L&LLHI of assets etc.
WLÉLLK*LKLWLG-3L¶LLTB EIKT7Y+TLIPLKM&LI\LLEIUL3LIH4" 3.1.7 Though the bank has implemented the Standardized Approach
HLZLBGE$L4BEVT LULTG<L&LET M&$L6ÉL&LTB E&LLVEOAGrELTL of credit risk, yet the bank shall continue its journey towards
W*LVL¶LL HRWL H4 3L'LLG*L WL63LGKE KT7Y WLÉLLGK3L OAGrELTL ELT adopting Internal Rating Based Approaches (IRB). Bank has
received approval from RBI for adoption of Foundation
W*LVLVL )LI ULKI K<LL UL YL" $L4BE VT MT ML&LL63LK Internal Rating Based Approach (FIRB) on parallel run basis
WLÉLLK *LK WLB3LGKE KT7Y WLÉLLGK3L OAGrELTL *L2WLC;WLK$LI
ELT w.e.f. 31.03.2013.
W*LVLVTHT3LR)LLK3LI¶LGKuLP;$L4BEMTWVR&LLTOVÈL*3LGE¶LLH4" Major initiatives taken for implementation of IRB approach
WLC;WLK$LIOAGrELTLET G¹¶LL6P¶LVET GZ &LR<¶L*LHZTB GV&VGZG<L3L are as under:
H4B q For corporate assets class, bank has estimated PD based
q EL8K*LLTKT7 WL8G-3L +TLI ET GZ $L4BE VT &LL8.ZPLK G.*L2L8:7 OKTB upon model wise default rates viz. Large Corporate and
W'LL;3L_ WGÉLE3L&L MB)LLGP3L WVR&LLVE EL È¶LLTY EK3LT HR $L.T Mid Corporate borrowers using Maximum likelihood
EL8K*LLTKT7 PB &LÉ¶L&LEL8K*LLTKT7NÉLLKE3LL;WLTB HT3LR *LI.IWLÉLLK*LK estimator (MLE). For retail asset class, PD is computed
WVR&LLGV3L GE¶LL H4" <LROKL WLG-3L¶LLTB EI +TLI ET GZ *LI.I> for identified homogeneous pool by using exponential
smoothing technique.
LL3LI¶LM&LKT<LL3LEVIEELÈ¶LLTYEK3LTHR GQG6H3LM&LLBYIHT3LR
110
okf"kZd fjiksVZ
WLBEGZ3LEIY¶LIH4" q Bank has also put in place a mechanism to arrive at the LGD
q $L4BEVTNÉLLKE3LL;WLTBEI ZUI.IKT7YY[T.WL4KMRGPÉLLGVELZVT rating grade apart from the default rating of a borrower.
The securities eligible for LGD rating are identified facility
ETGZ E3LBLN*LZ$ÉLEKL¶LLH4" ZUI.IKT7YETGZ *LLL wise and the total estimated loss percentage in the account
ÈG3L)LXG3L¶LLTB EI*LHQLVMRGPÉLLPLKEIUL3LIH4 WL4K<LL3LT &LTB ERZ is computed using supervisory LGD percentage prescribed
WVR&LLGV3LHLGVÈG3LL3LEIMB)LLPVLGPG)L£ÈELKEIMB*LLGP;ELTB for various types of collaterals and accordingly LGD rating
HT3LR GVÉLL;GK3LMR*LKPLCUKI ZUI.IÈG3LL3LELÈ¶LLTYEKET EI grades are allotted.
UL3LIH4" q Mapping of internal grades with that of external rating
q WLB3LGKEKT7YY[T.LTBETML'L$LLÂKT7Y UTBGM¶LLTBETY[T.LTBEI&L4*LY agencies grades: Bank has mapped its internal rating
grades with that of external rating agencies grades. This
$L4BEVTW*LVTWLB3LGKEKT7YY[T.ELTWLB3LGKEKT7Y UTBGM¶LLTBET exercise will help in unexpected loss calculation and PD
Y[T.ETML'L&L4*LGE¶LLH4"CMW)¶LLMMTWÈ3¶LLGL3LHLGVWL4K estimation.
*LI.IWVR&LLVEIYLVL&LTBMHL¶L3LLG&LZTYI" q Benchmarking of Cumulative Default Rates: Benchmark
q MBQ¶LI G.*L2L8:7 OKLTB EI $LTBQ&LLEY WLB3LGKE KT7Y Y[T. ET values of cumulative default rates for internal rating grades
$LTBQ&LLE;&LX:¶LLTBEIYLVLWLB3LGKEKT7YY[T.ETÈELGL3LG.*L2L8:7 have been calculated based on the published default data
of external rating agencies. The benchmark values will be
.L7LET WLÉLLK*LKEIUL3LIH4"$LTBQ&LLE; &LX:¶LWLB3LGKEKT7Y used for monitoring of cumulative default rates of internal
Y[T.LTB>$LLÂ UTBGM¶LLTB EIG.*L2L8:7OKLTB WLTK*LI.IP4ÉL3LLET GZ rating grades and PD validation.
È¶LLTYGE¶LTUL BYT" q Bank has adopted supervisory slotting criteria approach
q $L4BEVT ELK*LLTKT7WL8G-3LPY; ET WB3LY;3LWLVT PLZT GPGL7L for calculation of capital under specialised lending (SL)
M Z
%M*LLTuLK ET WÉLIV MR*LKPLCUKI -ZL7Y &LLVOB. exposure falling under corporate asset class.
OAGrELTLW*LVL¶LLH4" q Bank has put in place a comprehensive "Credit Risk
Mitigation & Collateral Management Policy", which
q $L4BE VT 0¶LL*LLE L ULTG<L&L E&L EKVT WL4K MB*LLGL;E È$LBÉLV ensure that requirements of FIRB approach are met on
VIG3LN*LZ$ÉLEKLC;H4ULTMRGVG1L3LEK3LIH4GE *L2WLC;WLK$LI consistent basis.
OAGrELTLEIW*LT\LL BGVKB3LKWLÉLLK*LK*LXKIEIUL3LIH4B" 3.2 Market Risk & Liquidity Risk
$LLuLLKULTG<LF PB3LKZ3LLULTG<L&L The investment policy covering various aspects of market
GVPTL VIG3L EL NÎT¶L GPG)L£ ULTG<L&L È$L6ÉLV N*LL¶LLTB ET 0¶LL*LE risk attempts to assess and minimize risks inherent in treasury
operations through various risk management tools. Broadly,
N*L¶LLTYMT ELTL*LGKQLZVMT UR.T ULTG<L&LLTB EL&LX:¶LLBEV PB N6HTB it incorporates policy prescriptions for measuring, monitoring
6¶LXV3L&L $LVLVL H4" &LR<¶L3L ¶LH ÈG¹¶LLY3L ULTG<L&L> L ULTG<L&L> and managing systemic risk, credit risk, market risk,
$LLULKULTG<L&L>MBQLZVULTG<L&L3L'LLELTL*LGKQLZV&LTB3LKZ3LLULTG<L&L operational risk and liquidity risk in treasury operations.
ETÈ$L6ÉLVHT3LRVIG3LY3LN*LL¶LLTBELTWL3&LML3LEK3LLH4" 3.2.1 Besides regulatory limits, the bank has put in place internal
ELTLETGPG)L£N3*LLOLTB3L'LLCMEI0¶LLPMLG¶LEYG3LGPGÉL¶LLTBMT0¶LR3*L£ limits and ensures adherence thereof on continuous basis
for managing market risk in trading book of the bank
$LLULKULTG<L&LETGZ >$L4BEGPGV¶LL&LE!WL63LGKEMI&LLWLTBELGVÉLL;KL and its business operations. Bank has prescribed entry
WL4KCVEIWVR*LLZVLMRGVG1L3LEK3LLH4"KT7YETN3LLKQLP*LK level barriers, exposure limits, stop loss limits, VaR limit,
GV¶LG&L3L GVYKLVI K<LI UL3LI H4" ELNB7K *LL7I;> N]LTY 3L'LL OTLLTB ET Duration limits and Risk Tolerance limit for trading book
investments. Bank is keeping constant track on Migration of
EL¶L;EZL*LLTBEIMI&LLWLTBELT&LL8GV7KGE¶LLUL3LLH43L'LL\LG3LMI&LLWLTB Credit Ratings of investment portfolio. Limits for exposures
EIKLTE>WLTPKVLC7GZG&L7>.TZLC7GZG&L7>M&¶L%WB3LKGZG&L7> to Counter- Parties, Industry Segments and Countries are
EZWB3LKGZG&L7>GPOTLIGPGV&L¶LHT3LRP4:¶LX T7GK-E PI WLK
> monitored. The risks under Forex operations are monitored
and controlled through Stop Loss Limits, Overnight limit,
WB3L$L4BEZTVOTV3L'LLGVPTLMI&LLWLGOET &LLÉ¶L&LMT ULTG<L&LLTB ELT Daylight limit, Aggregate Gap limit, Individual Gap limit,
GV¶LBGL3LGE¶LLUL3LLH4" Value at Risk (VaR) limit, Inter-Bank dealing and investment
limits etc.
$L4BEET$LLuLLKULTG<L&LÈ$L6ÉLVETGZ CMET*LLMELTL3L'LLWLG-3L
3.2.2 For the Market Risk Management of the bank, Mid-Office with
OT¶L3LLÈ$L6ÉLVW'LL;3L_ Z &LETGZ *LA'LE*LA'LE.T-ELTBMT¶LR%S separate Desks for Treasury & Asset Liability Management
EG&L.WL8G*L2M-'LLG*L3LGE¶LLY¶LLH4" (ALM) has been established.
WL8G-3LOT¶L3LLÈ$L6ÉLVMG&LG3L$L4BEEL$LLuLLKULTG<L&LÈ$L6ÉLEKVT> 3.2.3 Asset Liability Management Committee (ALCO) is
3L3MB$LBÉLIÈG¹¶LLWLTB>ULTG<L&LÈ$L6ÉLV>EL¶LL;6P¶LVGPGV¶LL&LELTB ^LKL primarily responsible for establishing the market risk
management and asset liability management of the bank,
ULKI&LLY;OLI;GVOT;LLTB>GPP)LK&LTB0¶LPÃ3LN3²rULTG<L&LÈ$L6ÉLV> procedures thereof, implementing risk management
È'LLWLTB3L'LLWLB3LGKE*L4KL&LI7KLTB>ÈG¹¶LLWLTB>*LG3L¶LLTB!VIG3L¶LLTBETGZ guidelines issued by regulator, best risk management
NºLKOL¶LIH4WL4KULTG<L&LÈ$L6ÉLVGPPTEIMI&LLWLTBEL*LLZVEK3LI practices followed globally and ensuring that internal
111
H4"WLG-3LOT¶L3LLÈ$L6ÉLVMG&LG3LELT<LROKLWGY[&LLTBWL4KU&LLN3*LLOLTB parameters, procedures, practices/policies and risk
ET&LX:¶L3L¶LEKVT3L'LL$LI*LI ZWLK&LTBMBLLTÉLVETMRLPELEL¶L; management prudential limits are adhered to. ALCO is
also entrusted with the job of fixing Base rate and pricing
ML4B*LLY¶LLH4" of advances & deposit products and suggesting revision of
BPLR to Board.
ULTG<LF ET GP ÈG3LK\LL WL4K!W'LPL NMT E&L EKVT ET GZ
3.2.4 The policies for hedging and/or mitigating risk and strategies
VIG3L¶LLEL¶L;VIG3L$LVLVT3L'LLNVEIÈ)LLPLIZ3LLEIULQEKVT & processes for monitoring the continuing effectiveness
ET GZ WLG-3LOT¶L3LLÈ$L6ÉLMG&LG3LEI$L4#ELTB &LTB GPQLKGE¶LL of hedges/mitigants are discussed in ALCO and based
UL3LLH4CMMB$LBÉL&LTBWLG-3LOT¶L3LLÈ$L6ÉLMG&LG3LETGPQLKLTBWL4K on views taken by /mandates of ALCO, hedge deals are
WGVPL¶L;3LLETWLÉLLK*LKÈG3LK\LLET$LLKT&LTBELK;PLC;EIYC;H4" undertaken.
GPG)L£ELZ<LB.LTB&LTBWPGLr*LGK*L%P3LL*LKWLÉLLGK3L$LT&LTZ*LGK*L%P3LL
3.2.5 Liquidity risk of the bank is assessed through gap analysis
ET GZ WB3LKGPZTLLET &LLÉ¶L&LMT $L4BEEI3LKZ3LLULTG<L&LET for maturity mismatch based on residual maturity in
&LX:¶LLBEVET ML'LML'LGPG)L£3LKZ3LLWVR*LL3LLTB ELT GZ¶LLUL3LLH4 different time buckets as well as various liquidity ratios and
3L'LLNVET GZ GVÉLL;GK3LGPPTEIMI&LLWLTB ET )LI3LKCVELÈ$L6ÉLV management of the same is done within the prudential limits
GE¶LLUL3LLH4"O$LLP*LKI\LL -74M7T-7Y
>WVREKL GM&¶LRZTLV
> fixed thereon. Advance techniques such as Stress testing,
MBPTOIGPZTLLC3¶LLGOU4MIWGY[&L3LEVIELTBETWLÉLLK*LKGV¶LG&L3L simulation, sensitivity analysis etc. are used on regular
WB3LKLZLTBMTGPZTLLGE UL3LTH4B3LLGEGPG)L£3LKZ3LL*LGKOA¶LLTBET intervals to draw the contingency funding plan under
different liquidity scenarios.
W63LY;3LWLEG-&LEGVGÉL¶LLTBEI¶LLTUVL3L4¶LLKEIULMET"
*LGKQLZVY3LULTG<L&L
$L4BEVT *LGKQLZVY3LULTG<L&LET È$LBÉLVGZ MRK\LLEI*LBG%S¶LLB 3.3 Operational Risk:
W*LVLC;H4B"MRK\LLEI*LHZI*LBG%SELGPG)L£ÈÉLLVEL¶LL;Z¶LÈ)LLYLTB The bank adopts three lines of defense for management
^LKLÈG3LGVGÉL3PHLT3LLH4>ULTGV¶LBLLCELC;B¶LLB MI¶LX
>ELKLT$LLKCELC;¶LLB of operational risk, the first line of defense represented
by various HO Divisions which are Control Units (CU),
$LI¶LX
W'LPLM&L'L;ECELC;¶LLB M¶LX
H4B"MRK\LLEIG^3LI¶L*LBG%SEL Business Units (BU) or Support Units (SU); Second line of
ÈG3LGVGÉL3P*LGKQLZVY3LULTG<L&LÈ$LBÉLVGP)LLY WLTWLK &L.I
*L defense represented by independent Corporate Operational
&LTB-P3LBLEL8K*LLTKT7*LGKQLZVY3LULTG<L&LÈ$LBÉLVEL¶L; MIWLTWLK *L2
Risk Management Function (CORF) being Operational Risk
^LKL*LGKQLZVULTG<L&LELWPZLTEVEKVT ET GZ GE¶LLUL3LLH4 Management Department (ORMD) to oversee Operational
3L'LL MRK\LL EI 3LA3LI¶L *LBG%S EL ÈG3LGVGÉL3P GVKI\LL PB WL8G.7 Risk Management, and the third lines of defense represented
È)LLY!È$LBÉLV WL8G.7 È)LLY WLC; .I! &L WLK.I
^LKL GE¶LL UL3LL by Inspection & Audit Division/Management Audit Division
H4 ULT *LHZIOLT MRK\LL*LBG%S¶LLTB ET GZ QRVL43LI*L2B%LVH4"$L4BEET (IAD/MARD) which is a challenge function to the first two
M&*LXL;*LGKQLZVY3LULTG<L&LÈ$LBÉLVELWPZLTEVEKVTETGZ $L4BE lines of defense, Operational Risk Management Committee
ET WÉ¶L\L PB È$LBÉLGVOTLEEIWÉ¶L\L3LL&LTB *LGKQLZVY3LULTG<L&L (ORMC) headed by CMD with all the EDs and key divisional
heads as members is the Executive level committee to
È$LBÉLVMG&LG3L WLTWLK &LMI
YG#3LEIYC;H4ULT EEL¶L;ELKI oversee the entire operational risk management of the bank.
-3LKI¶LMG&LG3LH4 WL4KM)LIEL¶L;*LLZEGVOTLE3L'LLÈ&LR<LÈ)LLYI¶L All the operational risk aspects like analysis of historical
ÈÉLLVCMMG&LG3LET MO-¶LH4B"M)LI*LGKQLZVL3&LEULTG<L&L*LHZX internal loss data (including near miss events, attempted
U4MT TG3LHLGMEWLB3LGKEHLGV.L7LC3¶LLGOELGPZTLL )LLPIQXE frauds & robberies, external loss events), etc. are placed
L7VLWLTB> EI YC; ÉLLT<LLÉL.I P .E43LI> $LLÂ HLGV L7VL B
G3L&LLHI to the ORMC on quarterly basis. Risk Description Charts
WLÉLLK *LK WLTWLK &LMI ET M&L\L È-3LR3L GE¶LL UL3LL H4" $L4BE EI (RDCs), annual Risk & Control Self Assessments (RCSAs),
GPGPÉLYG3LGPGÉL¶LLTB WL4K*L2B%LVLTB &LTB GVGH3LWL4KWPGLrULTG<L&LLTB ET Key Risk Indicators (KRIs) and Business Environment &
GVÉLL;KLETGZ GK-EG.G-¹*LVQL7; WLK.IMI
>PLLEULTG<L&L Internal Control Factors (BEIFCs) are also used to ascertain
PB GV¶LBLL -P&LX:¶LLBEV WLKMI M
> È&LR<L ULTG<L&L MBET3LELTB the inherent and residual risks in various activities and
functions of the bank and initiating necessary corrective
ETWLKWLC;
WL4K ELKLT$LLK *L¶LL;PKL PB WLB3LGKE GV¶LBLE L7E actions with respect to management/mitigation of the
$LIC;WLC; *L2MI
EL )LI È¶LLTY GE¶LL UL3LL H4 WL4K *LGKQLZVL3&LE operational risks.
ULTG<L&LLTBETÈ$LBÉLV!L&LVMTMB$LBGÉL3LWLP¶LEMRÉLLKL3&LEEL¶L;LR
GE Y H4B" Internal Control is an essential pre-requisite for an efficient
and effective operational risk management. Bank has clearly
WLB3LGKEGV¶LBLLERLZELÈ)LLPI*LGKQLZVL3&LEULTG<L&LÈ$LBÉLV laid down policies and procedures to ensure the integrity
EI E WLP¶LE *LXPL;*LT\LL H4" $L4BE VT W*LVT EL¶L;EZL*LLTB EI of its operations, appropriateness of operating systems and
M3¶L3LL> *LGKQLZV GM-7&LLTB EI N*L¶LR%S3LL WL4K È$LBÉLEI¶L VIG3L¶LLTB compliance with the management policies. The internal
EIWVR*LLZVLMRGVG1L3LEKVTETGZ -*LrVIG3L¶LLBWL4KMBGPGÉL¶LLB controls are supplemented by an effective audit function
GVÉLL;GK3L EI H4B" WLB3LGKE GV¶LBLL È)LLPI ZT<LL *LKI\LL EL¶L; EL that independently evaluates the control systems within the
*LXKE H4B ULT MBY#V ET )LI3LK GV¶LBLL ÈLLZI EL -P3LBL *L MT organization.
&LX:¶LLBEVEK3LLH4"
112
okf"kZd fjiksVZ
LULTG<L&LETGZ *LXUIY3LW*LT\LL BGV&VGZG<L3LH4B 3.4 The capital requirements for credit risk are:
ÈKLT.&LTB
(` in crores)
31.03.2015 31.03.2014
&LLVEOAGrELTLETWÉLIV*LLT7;*L2LTGZ¶LLT Portfolios subject to standardised approach 29141.44 28057.58
ÈG3L)LXG3LEKL %M*LLTUK LX6¶L LX6¶ Securitization exposure NIL NIL
$LLuLLKULTG<L&LETGZ *LXBUIY3LW*LT\LL B &LLVEI²3LWPGÉLOAGrELTL 3.5 The capital requirements for market risk (under standardised
ETWB3L;Y3L
GV&VGZG<L3LH4 duration approach) are:
ÈKLT.&LTB
(` in crores)
ULTG<L&L+TLI Risk Category 31.03.2015 31.03.2014

i) Interest Rate Risk 1532.43 1700.04
i) $¶LLUOKULTG<L&L
ii) Foreign Exchange Risk (including Gold) 18.00 18.00
ii) GPOTLIGPGV&L¶LULTG<L&L -PL;MGH3L
iii) Equity Risk 739.31 559.39
iii) CG%P7IULTG<L&L iv) Total capital charge for market risks 2289.74 2277.43
iv) &LLVEI²3LWPGÉLOAGrELTLET W63LY;3L$LLuLLK under Standardised duration approach (i
+ ii + iii)
ULTG<L&LLTBETGZ ERZ*LXUIÈ)LLK(i+ii+iii)
*LGKQLZVY3LULTG<L&LETGZ *LXU

IEIWLP¶LE3LLGV&VGZG<L3LH4 3.6 The capital requirement for operational risk:
ÈKLT.&LTB
(` in crores)
*LGKQLZVY3LULTG<L&LETGZ *LXUIEIWLP¶LE3LL Capital requirement for operational risk 31.03.2015 31.03.2014
i) &LXZMBET3LEOAGrELTL i) Basic indicator approach 2945.64 2723.82
ii) &LLVEI²3LOAGrELTL ¶LGOZLYXH4

ii) The Standardised approach (if applicable) 2886.34 2688.75
$L4BEET EZ3L'LLM&LXHWL4KWVRLBGY¶LLTBET*LXUIY3LWVR*LL3LGV&VP3L_ 3.7 The capital ratios of the bank, (solo & group) and subsidiaries are:
H4B
*LBUL$LV4LVZ$L4BE EZ
DTMZII
Punjab National Bank (Solo) (Basel-II)
31.03.2015 31.03.2014
MIWLK WLK
12.99% 12.28% CRAR(%) 12.99% 12.28%
CRAR – Tier 1 capital (%) 9.63% 9.29%
MIWLK WLK7I¶LK*LXBUI
9.63% 9.29%
CRAR – Tier 2 capital (%) 3.36% 2.99%
3.36% 2.99%
*LBUL$LV4LVZ$L4BE M&LXH
$LTMZ""
Punjab National Bank (Group) (Basel-II)
31.03.2015 31.03.2014
MIWLK WLK
13.64% 12.69% CRAR(%) 13.64% 12.69%
9.90% 9.50% CRAR – Tier 1 capital (%) 9.90% 9.50%
3.74% 3.19% CRAR – Tier 2 capital (%) 3.74% 3.19%
WVRLBGY¶LL Subsidiaries:
MIWLK WLK ERZJBXUIWVRJLS Name of CRAR – Tier 1 capital CRAR – Tier 2 capital Total capital ratio
WVRLBYIEL MIWLK WLK7I¶LK
7I¶LK*LXBUI
MIWLK WLK subsidiary (%) (%) CRAR (%)
VL&L *LXBUI
$LTMZ""
$LTMZ""
$LTMZ""
(Basel II) (Basel II) (Basel II)
31.03.2015 31.03.2014 31.03.2015 31.03.2014 31.03.2015 31.03.2014
*LI V$LIGY:7_M
PNB Gilts Ltd 68.07 49.14 - - 68.07 49.14
GZG&L7T.
*LI V$LIHLNMY PNB Housing 10.52 10.18 3.39 2.95 13.91 13.13
*L2LCV4BMGZG&L7T. Finance Ltd
*LBUL$L Punjab 10.73 10.40 6.01 5.14 16.74 15.54
V4LVZ$L4BE National Bank
CB7KV4LVZ
(International)
GZ Ltd.
*LI V$LI ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB PNB NA NA NA NA NA NA
C6PT-7&LTB7 Investment
MPMTuLGZ Services Ltd.
113
.E*LI V$LI 4.76 12.61 16.50 2.34 21.27 14.95 Druk PNB 4.76 12.61 16.50 2.34 21.27 14.95
$L4BEGZG&L7T. Bank Ltd.
UT MMI 85.80 94.45 7.37 5.64 93.17 100.09 JSC SB PNB 85.80 94.45 7.37 5.64 93.17 100.09
M$LI*LI V$LI Kazakhstan
EuLLG<L-3LLV
PNB NA NA NA NA NA NA
*LI V$LIDIFL ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB
Insurance
D[LT EYÈLGZ Broking Pvt.
Ltd.
7T$LZ.I *L2LULTG<L&LML&LL6¶LÈE7IEKL Table DF-4: Credit Risk: General Disclosures

(a)
W
¶LGOGEMILMRGPÉLLET W63LY;3L$L4BE^LKLGVÉLL;GK3LOT¶LG3LG'L*LK 4.1 Any amount due to the bank under any credit facility is overdue
ELTC;KLGLQRELC;VHIBUL3LI3LLTPHKLGLWG3LOT¶LHLT3LIH4"CMETWZLPLB> if it is not paid on the due date fixed by the bank. Further, an
impaired asset is a loan or an advance where:
W*LML&LL6¶LWL8G-3L3L$LNÉLLK¶LLWGY[&LHLT3LLH4U$L
i. Interest and/or installment of principal remains overdue
i. GEMIMLPGÉLLETM&$L6ÉL&LTB$¶LLUWL4K!¶LL&LXZÉLVEIGE-3L
for a period of more than 90 days in respect of a term
GOVLTBMTWGÉLEWPGÉLETGZ WG3LOT¶LKH3LIH4" loan.
ii. GEMIWLTPK.L8¾7!E4L¹TG.7ETM&$L6ÉL&LTBGOVMTWGÉLE ii. The account remains out of order in respect of an overdraft/
ET GZ <LL3LL#IEVHIB KH3LL"<LL3LLNMG-'LG3L&LTB *LGKQLZV cash credit for a period of more than 90 days. Account
WP-'LL&LTBVHIB&LLVLUL¶LTYL¶LGO will be treated out of order, if:
q The outstanding balance remains continuously in
q $LEL¶LLLTLMI&LL!WLHKLLG%SMTGVK63LK5¶LLOLKH3LLH4" excess of the limit/drawing power.
q NV&LL&LZLTB&LTBUHL&LXZÉLV*LGKQLZV<LL3LT&LTB$LEL¶LLLTL-PI²3L q In cases where the outstanding balance in the principal
MI&LL!WLHKL LG%S MT E&L H4> GE63LR 3LRZV*LL EI G3LG'L ELT operating account is less than the sanctioned limit/
ZYL3LLKGOVLTBETGZ ELTC;¹TG.7VHIBH4W'LPLNMIWPGÉL drawing power, but there are no credits continuously
for 90 days as on the date of balance sheet or credits
ET OL4KLV.TG$L7GE ULVT PLZT $¶LLUELT EPKEKVT ET GZ are not enough to cover the interest debited during the
*L¶LL;*3L¹TG.7N*LZ$ÉLVHIBH4" same period
iii.<LKIOTY WL4K)LRVL Y G$LZLTBET&LL&LZT&LTBG$LZMT5¶LLOL iii. In case of bills purchased & discounted, the bill remains
overdue for a period of more than 90 days
GOVLTBEIWPGÉLETGZ WG3LOT¶LKH3LLH4"
iv.GE-3L¶LL&LXZÉLV¶LLNM*LK$¶LLUZ LRWPGÉLPLZIOLT*L2MZI iv. The installment or principal or interest thereon remains
overdue for two crop seasons for short duration and
&LL4M&LLTBETGZ WG3LOT¶LKH3LLH4WL4KZ&$LIWPGÉLEI*L2MZLTBET the installment of principal or interest thereon remains
GZ &LXZÉLVEIGE-3L¶LLNM*LK$¶LLU E*L2MZI&LL4M&LET overdue for one crop season for long duration crops in
GZ WG3LOT¶LKH3LLH4" case of Agricultural loans.
LULTG<L&LÈ$L6ÉLVETGZ $L4BE^LKLLWVR&LLTOVÈLGÉLELKI> Credit approving authority, prudential exposure limits,
GPPTEILMI&LLWLTB>WL4]LTGYELMI&LLWLTB>LULTG<L&LKT7Y industry exposure limits, credit risk rating system, risk
ÈLLZI>ULTG<L&LWLÉLLGK3L&LX:¶LV3L'LLLM&LI\LL*LG3L¶LLTB ELT based pricing and loan review mechanisms are the
tools used by the bank for credit risk management. All
N*LL¶L-P*LÈ¶LLTY&LTBZL¶LLUL3LLH4"$L4EEILÈ$L6ÉLV3L'LL these tools have been defined in the Credit Management
ULTG<L&LVIG3L&LTBCVM)LIN*LL¶LLTBELNZT<LGE¶LLY¶LLH4"M&LGr & Risk Policy of the bank. At the macro level, policy
-3LK *LK OT<LTB 3LLT VIG3L M&$L6ÉLI O-3LLPTU $L4BE ET OAGrELTL ELT document is an embodiment of the Bank’s approach to
M&LVT>&LL*LVTWL4K0¶LPG-'L3LEKVTEL E TMLMLÉLVH4GUMMT understand, measure and manage the credit risk and aims
LM&$L6ÉLIULTG<L&LLTBELMBQLZVGE¶LLULME3LLH4WL4K¶LH at ensuring sustained growth of healthy loan portfolio
MRGVG1L3LGE¶LLULME3LLH4GELOTVTWL4KULTG<L&LELÈ$L6ÉL while dispensing the credit and managing the risk. Credit
EKVT ET M&L¶LL*LLT7;*L2LTGZ¶LLT ELT -P-'LK<LLULME3LLH4" risk is measured through sophisticated models, which
are regularly tested for their predictive ability as per best
È3¶LTELIETLULTG<L&LELT TMTVLURE&LL8.ZLTBET&LLÉ¶L&LMT
practices.
VL*LLUL3LLH4GUVETWLÉLLK*LKGV¶LG&L3L*LMT*LKI\LLEK3LTHR
LGPLTLEI)LLPIG-'LG3LELWBOLULZYL¶LLULME3LLH4"
114
okf"kZd fjiksVZ
ERZMEZLULTG<L&LGV&VP3L_H4 4.2 The total gross credit risk exposures are:

ÈKLT.&LTB
(` in crores)
+TLI Category 31.03.2015 31.03.2014
GVGÉLWLÉLLGK3L Fund Based 392422.15 359645.78
Y4KGVGÉLWLÉLLGK3L
Non Fund Based 85281.40 83628.71
LLTBEL)LL4YLTGZEMBGP3LKLGV&VP3L_H4 4.3 The geographic distribution of exposures is:

ÈKLT.&LTB
(` in crores)
+TLI GPOTL&LTB LKTZX Category Overseas Domestic

31.03.2015 31.03.2014 31.03.2015 31.03.2014
GVGÉLWLÉLLGK3L
Y4KGVGÉLWLÉLLGK3L
Fund Based 52653.47 40625.42 339768.68 319020.36
Non-fund based 68841.45 17433.20 16439.95 66195.51
4.4 (a) Industry type distribution of exposures (Fund Based) is as

E
LLTBELN]LTYPLKMBGP3LKL GVGÉLWLÉLLGK3L
GV&VP3L_H4
under:
N]LTYELVL&L ÈKLT.&LTB
Industry Name (` in crores)
E<LVV PBN3<LVV EE

1336.94 A. Mining and Quarrying (A.1 + A.2) 1336.94
EELT¶LZL 1194.70 A.1 Coal 1194.70
EW6¶L<LLV 142.24 A.2 Others 142.24
<L<LL]ÈMB-EKL <LMT<L
20865.31 B. Food Processing (B.1 to B.4) 20865.31
<LQIVI 6879.09 B.1 Sugar 6879.09
<L<LL]3LTZ PBPV-*LG3L 1437.43 B.2 Edible Oils and Vanaspati 1437.43
<LQL¶L 4.52 B.3 Tea 4.52
<LW6¶L 12544.27 B.4 Others 12544.27
Y*LT¶L*LOL'L; QL¶LWL4KEL8*L2IETWG3LGK%S
WL4K3LB$LLEX 620.03 C. Beverages (excluding Tea & Coffee) and Tobacco 620.03
L74%M7LCZ EMTY
11463.71 D. Textiles (a to c) 11463.71
EEL7V 3738.66 a. Cotton 3738.66
<LUX7 153.94 b. Jute 153.94
YW6¶L 7571.11 c. Others 7571.11
.Q&L.L PBQ&L.LN3*LLO 731.81 E. Leather and Leather products 731.81
QZE.IWL4KZE.IN3*LLO 346.10 F. Wood and Wood Products 346.10
/*LT*LKWL4K*LT*LKN3*LLO 1606.45
G. Paper and Paper Products 1606.45
U*L47LTGZ¶L&L VL8VC6»L
ELTZLN3JLO Y4K<LVV
H. Petroleum (non-infra), Coal Products (non-mining) and
1723.66 1723.66
WL4K*LK&LLLRC;BÉLV Nuclear Fuels
KML¶LVWL4KKML¶LVN3*LLO .LC;>*LTB7>C3¶LLGO
I. Chemicals and Chemical Products (Dyes, Paints, etc.)
5331.02 5331.02
MT
(I.1 to I.4)
I.1 Fertilizers 309.86
NP;KE 309.86
I.2 Drugs and Pharmaceuticals 2522.28
.Y PB*L2&LL;MXG7E:M 2522.28
I.3 Petro-chemicals (excluding under Infrastructure) 316.91
*LT7LTKML¶LV GPGV&LL;LET/LT.EK
316.91
I.4 Others 2181.97
W6¶L 2181.97
¸LK$L.>*ZLG-7EPNVETN3*LLO 1365.04 J. Rubber, Plastic and their Products 1365.04
79ZLMWL4K9ZLMPT¶LK 104.51 K. Glass & Glassware 104.51
#MI&LTB7WL4KMI&LTB7N3*LLO 2608.08 L. Cement and Cement Products 2608.08
.$LRGV¶LLOIÉLL3LR PBÉLL3LRN3*LLO .MT.

25022.42 M. Basic Metal and Metal Products (M.1 + M.2) 25022.42
.ZLTHL PB-7IZ 22603.01 M.1 Iron and Steel 22603.01
.W6¶LÉLL3LR PBÉLL3LRN3*LLO 2419.41 M.2 Other Metal and Metal Products 2419.41
M&L-3LCBUIGV¶LKY MT
3689.87 N. All Engineering (N.1 + N.2) 3689.87
CZ4%7L8GV%M 1661.98 N.1 Electronics 1661.98
115
W6¶L N.2 Others 2027.89
LPLHV>PLHVET*LL7;WL4K*LGKPHVN*LEKL O. Vehicles, Vehicle Parts and Transport Equipments 964.31
3LK3VWL4KWL)LXLL P. Gems and Jewellery 2287.49
'LGV&LL;L Q. Construction 3954.26
OC6»L-7%QK EMT L
R. Infrastructure (a to d) 64339.17
E¦UL; a. Energy 37108.59
<L*LGKPHV b. Transport 13161.12
YMBQLK c. Communication 5937.82
LW6¶LC6»L-7%QK d. Other infrastructure 8131.64
ÉLW6¶LN]LTY S. Other Industries 18720.51
VM&L-3LN]LTY EMT L
ERZ
T. All Industries (A to T) (Total) 167080.69
WPGL7W6¶LWGY[&L Residuary advances 225341.46
ERZL PBWGY[&L Total Loans and Advances 392422.15
PTN]LTYGUVELMEZGVGÉLWLÉLLGK3L %M*LLTuLK*L2B.WLÉLLGK3L %M*LLTUK Industry where fund- based exposure is more than 5% of gross
fund based exposure:
MTMTWGÉLEH4
N]LTYELVL&L KLGL Industry Name Amount
<LL]ÈMB-EKL Food Processing 20865.31
$LRGV¶LLOIÉLL3LR PBÉLL3LRN3*LLO Basic Metal and Metal Products 25022.42
C6»L-7%QK Infrastructure 64339.17
<L
N ]LTYET-P*LETWVRMLK %M*LLTuLKELMBGP3LKL Y4KGVGÉL 4.4 (b) Industry type distribution of exposures (Non Fund Based)
WLÉLLGK3L
GV&VP3L_H4 is as under:
N]LTYELVLF ÈKLT.&LTB
E<LVVWL4KN3<LVV EE
2937.12 A. Mining and Quarrying (A.1 + A.2) 2937.12
EELT¶LZL 172.01 A.1 Coal 172.01
EW6¶L 2765.11 A.2 Others 2765.11
1507.25 B. Food Processing (B.1 to B.4) 1507.25
<LQIVI 213.84 B.1 Sugar 213.84

<LQL¶L 0 B.3 Tea 0
<LW6¶L 772.01 B.4 Others 772.01
L74%M7LCZ EMTY
1214.33 D. Textiles (a to c) 1214.33
EEL7V 577.04 a. Cotton 577.04
<LUX7 18.16 b. Jute 18.16
YW6¶L 619.13 c. Others 619.13
/*LT*LKWL4K*LT*LKN3*LLO 277.35 G. Paper and Paper Products 277.35
U*L47LTGZ¶L&L VL8VC6»L
ELTZLN3JLO Y4K<LVV
H. Petroleum (non-infra), Coal Products (non-mining) and
915.38 915.38
WL4K*LK&LLLRC;BÉLV Nuclear Fuels
364.86 364.86
MT
(I.1 to I.4)
NP;KE 50.98 I.1 Fertilizers 50.98
.9M PB*L2&LL;MXG7E:M 145.04 I.2 Drugs and Pharmaceuticals 145.04
98.97 I.3 Petro-chemicals (excluding under Infrastructure) 98.97
W6¶L 69.88 I.4 Others 69.88
116
okf"kZd fjiksVZ

12883.72 M. Basic Metal and Metal Products (M.1 + M.2) 12883.72
2521.96 N. All Engineering (N.1 + N.2) 2521.96

W6¶L 2231.75 N.2 Others 2231.75
LPLHV>PLHVET*LL7;WL4K*LGKPHVN*LEKL 149.86 O. Vehicles, Vehicle Parts and Transport Equipments 149.86
3LK3VWL4KWL)LXLL 227.86 P. Gems and Jewellery 227.86
'LGV&LL;L 241.79 Q. Construction 241.79
OC6»L-7cK EMT L
9380.25 R. Infrastructure (a to d) 9380.25
N]LTYELVLF ÈKLT.&LTB
E¦UL; 5607.52 a. Power 5607.52
<LM.EPJLT7; 836.24 b. Road & Port 836.24
YMBQLK 2457.95 c. Communication 2457.95
LW6¶LC6»L-7%QK 478.54 d. Other Infrastructure 478.54
ÉLW6¶LN]LTY 3366.98 S. Other Industries 3366.98
VM&L-3LN]LTY EMTÉL
ERZ
36881.76 T All Industries (A to S) 36881.76
WPGLrW6¶LWGY[&L 48399.64 Residuary advances 48399.64
ERZL PBWGY[&L 85281.40 Total Loans and Advances 85281.40
PT N]LTYGUVELY4KGVGÉLWLÉLLGK3L %M*LLTUK>M&L\LY4KGVGÉLWLÉLLGK3L Industry where non- fund based exposure is more than 5% of gross
non-fund based exposure:
%M*LLTuLKMTMTWGÉLEH4
N]LTYELVL&L KLGL Industry Name Amount
Basic Metal and Metal Products 12883.72
$LRGV¶LLOIÉLL3LR PBÉLL3LRN3*LLO 12883.72
C6»L-7%QK 9380.25 Infrastructure 9380.25
4.5 The residual contractual maturity break down of assets is:

WLG-3L¶LLTBELWPGLrMBGPOLY3L*LGK*L%P3LLD[TE.LNVGV&VP3L_H4 (` in crores)
ÈKLT.&LTB
Foreign
Investments
*LGK*L%P3LLEIGPGÉL WGY[&L* GVPTL GPOTLI&LRÇL Maturity Pattern Advances* Currency
(gross)
MEZ
WLG-3L¶LL* Assets*
WLYL&LIGOV 28786.22 0.53 3793.94 28786.22 0.53 3793.94
Next day
(27967.49) (0.00) (2300.44) (27967.49) (0.00) (2300.44)
GOVGOV 6426.60 0.00 4174.52 6426.60 0.00 4174.52
2 days-7days
(7613.36) (0.00) (2854.49) (7613.36) (0.00) (2854.49)
GOV 5486.56 89.81 2677.31 5486.56 89.81 2677.31
8-14 days
(7406.58) (0.00) (1093.66) (7406.58) (0.00) (1093.66)
7478.22 503.80 5254.05
MTGOV 7478.22 503.80 5254.05 15-28 days
(7808.87) (518.71) (5106.29)
(7808.87) (518.71) (5106.29)
GOVMT&LLH 22959.55 4692.44 17594.17 22959.55 4692.44 17594.17
29 days to 3 months
(24228.29) (4740.50) (21513.39) (24228.29) (4740.50) (21513.39)
&LLHMTWGÉLE3L'LL&LLH3LE 22757.46 2035.46 25684.69 22757.46 2035.46 25684.69
Over 3 Months to 6 months
(15117.06) (679.83) (15291.26) (15117.06) (679.83) (15291.26)
28024.53 2263.08 16398.43
&LLHMTWGÉLE3L'LLPL;3LE 28024.53 2263.08 16398.43 Over 6 Months to 1 year
(33052.27) (7740.42) (15475.82)
(33052.27) (7740.42) (15475.82)
190170.93 19715.61 11596.30
PL;MTWGÉLE3L'LLPL;3LE 190170.93 19715.61 11596.30
Over 1Year to 3 Years
(167152.90) (19238.88) (11578.09) (167152.90) (19238.88) (11578.09)
117
PL;MTWGÉLE3L'LLPL;3LE 31475.60 23377.82 2782.94 31475.60 23377.82 2782.94
Over 3 Years to 5 Years
(25928.51) (23357.34) (2904.12) (25928.51) (23357.34) (2904.12)
PL;MTWGÉLE 36968.73 99207.24 460.09 36968.73 99207.24 460.09
Over 5 Years
(32993.80) (88698.82) (529.54) (32993.80) (88698.82) (529.54)
ULT. 380534.41 151885.78 90416.44 380534.41 151885.78 90416.44
Total
(349269.13) (144974.50) (78647.10) (349269.13) (144974.50) (78647.10)
WL8BE.TGVPZWLÉLLK*LKOLL; Y H4B" ELTsELTB&LTBGO Y WL8BE.TG*L/ZTPL;ETH4B
* Figures are shown on net basis. (Figures in brackets relate to previous year)
MEZ V*LI CMÈELKH4B 4.6 The gross NPAs are:
(` in crores)
ÈKLT.&LTB
Category 31.03.2015 31.03.2014

+TLI
Sub Standard 12622.30 7267.72
WP&LLVE 12622.30 7267.72
Doubtful – 1 5769.83 6428.89
MBGO9ÉL 5769.83 6428.89
Doubtful – 2 5262.39 3217.90
MBGO9ÉL 5262.39 3217.90
Doubtful – 3 1214.12 1135.92
MBGO9ÉL 1214.12 1135.92
Loss 826.22 829.63
HLGV 826.22 829.63
Total NPAs (Gross) 25694.86 18880.06
ERZ V*LI MEZ
25694.86 18880.06
LR V*LI EIKLGLGV&VGZG<L3LH4 4.7 The amount of net NPAs is:
ÈKLT.&LTB
(` in crores)
LR V*LI 15396.50 9916.99 Net NPA 15396.50 9916.99
V*LI ETWVR*LL3LGV&VÈELKH4B 4.8 The NPA ratios are as under:

V*LI WVR*LL3L NPA Ratios 31.03.2015 31.03.2014
MEZWGY[&LLTBEI3LRZVL&LTBMEZ V*LI 6.55% 5.25% % of Gross NPAs to Gross Advances 6.55% 5.25%
LRWGY[&LLTBEI3LRZVL&LTBLRÉO V*LI 4.06% 2.85% % of Net NPAs to Net Advances 4.06% 2.85%
MEZ V*LI EL L7$LGV&VÈELKH4 4.9 The movement of gross NPAs is as under:
ÈKLT.&LTB
(` in crores)
MEZ V*LI EL L7$L Movement of gross NPAs 31.03.2015 31.03.2014
i)PL;ETÈLK&)L&LTBWLKG&)LELTL 18880.06 13465.79 i) Opening Balance at the beginning of the 18880.06 13465.79
year
ii)PL;ETOL4KLVPAGÉO 16659.57 10809.97 ii) Addition during the year 16659.57 10809.97
iii)PL;ETOL4KLVE&LI 9844.77 5395.70 iii) Reduction during the year 9844.77 5395.70
iv) Closing Balance as at the end of the 25694.86 18880.06
iv)PL;ETWB3L&LTBCG3LLTL iiiiii
25694.86 18880.06
year (i + ii - iii)
V*LI ETGZ ÈLPÉLLVEL L7$LGV&VÈELKH4 4.9.1 The movement of provision for NPAs is as under:
ÈKLT.&LTB
(` in crores)
V*LI ETGZ ÈLPÉLLVEL L7$L Movement of provision for NPAs 31.03.2015 31.03.2014
i)PL;ETÈLK&)L&LTBWLKG&)LELTL 8737.16 6102.84 i) Opening Balance at the beginning of the 8737.16 6102.84
year
ii)PL;ETOL4KLVGE Y ÈLPÉLLV 9159.91 5365.62
ii) Provisions made during the year 9159.91 5365.62
iii)PL;ETOL4KLV$L7_7T<LL3LT.LZTY 123.12 117.30 iii) Write-off made during the year 123.12 117.30
iv)PL;ETOL4KLVGE Y WG3LGK%SÈLPÉLLVLTBEI 7972.19 2614.00 iv) Write –back of excess provisions made 7972.19 2614.00
during the year
ÈG3LZT<LV0¶LP-'LL
v) Closing Balance as at the end of the year 9801.76 8737.16
v)PL;ETWB3L&LTBCG3LLTL iiiiiiiv
9801.76 8737.16 (i + ii - iii-iv)
Y4KGV*LLOEGVPTLEIKLGLGV&VGZG<L3LH4 4.10. The amount of non-performing investment is:
ÈKLT.&LTB
(` in crores)
Y4KGV*LLOEGVPTLEIKLGL 297.76 144.94 Amount of non-performing investment 297.76 144.94
Y4KGV*LLOEGVPTLETÈLPÉLLVHT3LRK<LIY¶LIKLGLGV&VGZG<L3LH4 4.11. The amount of provisions held for non-performing investment is:
ÈKLT.&LTB
(` in crores)
Y4KGV*LLGOEGVPTLETÈLPÉLLVEIKLGL 250.41 141.69 Amount of non-performing investment 250.41 141.69
118
okf"kZd fjiksVZ
GVPTL*LKÀLMET GZ¶LT ÈLPÉLLVLTB ET L7$L EIG-'LG3LCMÈELK 4.12. The movement of provisions for depreciation on investments
H4 is as under:
ÈKLT.&LTB
(` in crores)
GVPTL*LKÀLMETGZ¶LTÈLPÉLLVLTBET L7$LEI Movement of provisions for depreciation 31.03.2015 31.03.2014
G-'LG3L on investments
i) Opening balance at the beginning of 1189.04 *491.63
i)PL;ETÈLK&)L&LTBWLKG&)LELTL 1189.04 *491.63
the year
ii)PL;ETOL4KLVGE Y ÈLPÉLLV 0.00 697.51 ii) Provisions made during the year 0.00 697.51
iii)PL;ETOL4KLV$L7_7T<LL3LT.LZTY 0.00 0.00 iii) Write-off made during the year 0.00 0.00
iv)PL;ETOL4KLVGE Y WG3LGK%SÈLPÉLLVLTBEL 585.60 0.15 iv) Write-back of excess provisions made 585.60 0.15
ÈG3LZT<LVEKVL during the year (Net)
603.44 1188.99 v) Closing balance as at the end of the year 603.44 1188.99
(i + ii –iii-iv)
UHLBEHIBWLP¶LEM&LLY¶LLH4QLZXWPGÉLETPYI;EKLETWVR*L$LVLVTETGZ G*L/ZI * Figures of the previous period have been regrouped / rearranged / re-
WPGÉLETWLBE.LTBEL*LRVM;&LXHV!*LRV0¶L;P-'LLJV!*LRVPYI;EKLGE¶LLY¶LLH4" classified wherever necessary, to conform to current period’s classification.
7TDZ .I *L2L ULTG<L&L &LLVE OAGrELTL ET WÉ¶LLÉLIV Table DF-5 - Credit Risk: Disclosures for Portfolios Subject to the
Standardized Approach
*LLT7;*L2LTGZ¶LLT
$L4E B VT)LLK3LI¶LGKuLP;$L4E
B ^LKLGV&VGZG<L3LQ¶LGV3L LKTZX ¹TG.7KT7Y 5.1 Bank has approved the following six domestic credit rating
UTGB M¶LLTB ELTWVR&LLTGO3LGE¶LLH43LLGELULTG<L&LET&LLVEOAGrEL4L agencies accredited by RBI for mapping its exposure with
domestic borrowers under standardized approach of credit
ETW63LY;3L LKTZX GL¶LLTB ETÈG3L$L4EB ETULTG<L&LELT&LL*LLULMET risk
GD[EPE; - Brickwork
ET¶LK - CARE
G¹GMZ - CRISIL
WLC;MIWLK - ICRA
CBG.¶LLKT79M - India Ratings
MFTKL - SMERA
$L4BEVT GPOTLG-'L3LGL¶LLTB ET LLTB ET M&$L6ÉL&LTB )LLK3LI¶LGKUP;
Bank has also approved the following three international credit
$L4BE^LKL&LL6¶LGV&VGZG<L3LW63LKL;rI¶LL&LX:¶LLEV UTBGM¶LLTBELT rating agencies accredited by RBI in respect of exposure with
)LIWVR&LLTGO3LGE¶LLH4 overseas borrowers
G*L2Q - FITCH
&LX.IuL - Moody’s
-74..; B.*LRWK - Standard & Poor
GVGÉLWLÉLLGK3L!Y4KGVGÉLWLÉLLGK3L OI LL;PGÉLWL4KW:*LLPGÉL
L These agencies are being used for rating (Long Term & Short
MRGPÉLLWLTBET&LX:¶LLBEVETGZ CV UTBGM¶LLTBEIMTPL BZIUL3LIH4B" Term) of fund based/ non fund based facilities provided by the
CV QRVI Y¶LI L &LX:¶LLBEV UTBGM¶LLTB MT ÈL*3L &LX:¶LLBEVLTB EL $L4BE bank to the borrowers. The bank uses solicited rating from the
chosen credit rating agencies.
^LKLÈ¶LLTYGE¶LLUL3LLH4"
*LG$ZE.LT&LTV&LTBN*LZ$ÉLKT7YELTCMGPL¶L*LK)LLK3LI¶LGKuLP;$L4BE The ratings available in public domain are mapped according
to mapping process as envisaged in RBI guidelines on the
^LKLULKI&LLY;GVOT;LLTBETWVRMLKÈ¶LLTYGE¶LLUL3LLH4" subject.
GPG)L£ULTG<L&LPYLT&LTB &LLVEOAGrELTLETWÉ¶LLÉLIV
ULTG<L&L 5.2 The exposure amounts after risk mitigation (subject to the
È$L6ÉLVETN*LKL63LG-'L3LLKLGLGV&VP3L_H4 standardized approach) in different risk buckets are as under:
ÈKLT.&LTB
(` in crores)
i)%MTE&LULTG<L&L)LLK$LEL¶LL 228502.67 181711.37 i) Below 100% risk weight exposure outstanding 228502.67 181711.37
ii)%ULTG<L&L)LLK$LEL¶LL 155654.76 170229.88 ii) 100% risk weight exposure outstanding 155654.76 170229.88
iii) More than 100% risk weight exposure 88481.94 83696.25
iii)%5¶LLOLULTG<L&L)LLK$LEL¶LL 88481.94 83696.25
outstanding
iv)E7L43LI LX6¶L LX6¶L iv) Deducted NIL NIL
119
7T$LZ.I *L2LULTG<L&LE&LEKVL&LLVEI²3LOAGrELTLET Table DF-6: Credit Risk Mitigation: Disclosures for Standardized
GZ ÈE7IEKL Approaches
$L4E
B VT GVOTLE &L.Z ^LKL WVR&LLTGO3L ?L ULTG<L&L 6¶LXVIEKL 3L'LL 6.1 Bank has put in place Board approved ‘Credit Risk Mitigation
MB*LLG;PEÈ$L6ÉLVVIG3LZLYX EIH4 GUM&LTB W6¶L$LL3LLTB ET ML'LML'L and Collateral Management Policy’ which, interalia, covers
GPºLI¶LMB*LLG;PELTB MGH3LGPG)L£MB*LLG;PELTB M&$L6ÉLIVIG3L¶LLWL4K3LRZV*LL policies and processes for various collaterals including financial
ETGVÉLL;KLEIÈG¹¶LL)LILLG&LZH4"¶L]G*L>$L4E B *LXU B IEIYLVLÈG¹¶LL collaterals and netting of on and off balance sheet exposure.
However, the bank is not making use of the on-balance sheet
&LTB 3LRZV*LLELGVÉLL;KLÈG¹¶LLELÈ¶LLTYVHIBEKKHLH4"
netting in its capital calculation process.
$L4E
B ^LKLML&LL6¶L3LL4KMT ULTG<L&LE&LEKVT HT3LR &LLVEOAGrELTLET 6.2 The collaterals used by the Bank as risk mitigant comprise
W63LY;3L*LXU IEIYLVLETGZ
È¶L%SGE ULVTPLZTMB*LLG;PELTBT &LTB of the financial collaterals (i.e. bank deposits, govt./postal
GPºLI¶LMB*LLG;PELTB W'LL;3L_$L4E
B U&LLKLGL¶LL>MKELKI!*LLT-7ZÈG3L)LXG3L¶LL> securities, life policies, gold jewelry, units of mutual funds
UIPV$LI&LL*LL8GZGM¶LL>-PL;UTPKL3L>&¶LXQW R Z*L2B.LTB ET¶LXGV7C3¶LLGO
> etc.). A detailed process of calculation of correct valuation
GPG)L£+TGL¶LLTB EIQZ PBWQZ*LGKM&*LGºL¶LL!)LXG&LMB*LGºL¶LLC3¶LLGOH4"B and application of haircut thereon has been put in place by
N*L¶LR%SML8¾7PT¶LK3L4¶LLKEKETNVMB*LLG;PELTB ÈG3L)LXG3L¶LLTB ETMHI&LX:¶LLBEV developing suitable software.
EIYLVLETGZ EGP-3LA3LÈG¹¶LL$LVLC;YC;H4" 6.3 Guarantees, which are direct, explicit, irrevocable and
*LXUIM&$L6ÉLIWLP¶LE3LLWLTB EIYLVLET GZ $L4BE TMIYLKBG7¶LL unconditional, are taken into consideration by Bank for
calculating capital requirement. Use of such guarantees for
ZT3LLH4ULTÈ3¶L\L>-*Lr>WÈG3LOT¶LWL4KL3L;KGH3LHLTB"*LXUIEIYLVL
capital calculation purposes is strictly as per RBI guidelines on
ETGZ TMIYLKBG7¶LLTBELN*L¶LLTYCMMB$LBÉL&LTB*LXKI3LKHMT)LLK3LI¶L the subject.
GKuLP;$L4BEET&LLY;GVOT;LLTBETWVRMLKGE¶LLUL3LLH4"
6.4 Majority of financial collaterals held by the Bank are by way
$L4BE^LKLZIYC;WGÉLELBLGPºLI¶LMB*LLG;PEÈG3L)LXG3L¶LL¶LL3LLT$L4BEEI of own deposits and government securities, which do not have
W*LVIU&LLKLGL¶LLBHLT3LIH4BW'LPLMKELKIÈG3L)LXG3L¶LLHLT3LIH4BGUVEI any issue in realization. As such, there is no risk concentration
PMXZI&LTBELTC;M&L-¶LLVHIBHLT3LI"CMÈELKMB*LLG;PEÈG3L)LXG3L¶LLTBEI on account of nature of collaterals.
GE-&LETELKLELTC;ULTG<L&LVHIBHLT3LL" 6.5 The total exposure for disclosed credit risk portfolio (under the
ÈE7LULTG<L&L*LLT7;*L2LTGZ¶LLTBETGZ &LLVEOAGrELTLETW63LY;3L
standardized approach) is covered by:
ERZ*LGKMI&LLE7L43LIMTGV&VGZG<L3LWLPAºLH4
ÈKLT.&LTB
(` in crores)
31.03.2015 31.03.2014
E
WZYMTÈE7GE Y È3¶LTELULTG<L&L*LLT7;*L2LTGZ¶LLT 26771.15 24399.12 a) For each separately disclosed credit risk 26771.15 24399.12
ETGZ ERZULTG<L&L UHLZLYXHLTNMET$LLO3LRZV*LL portfolio, the total exposure (after, where
ET M&LLÉLLVET *LXP; W'LPL*L1LL3L_
ULT E7L43LIET $LLO applicable, on or off balance sheet netting)
*LLLGPºLI¶LMB*LLG;PEKLGL^LKLÈG3L)LX3LH4" that is covered by eligible financial
collateral after the application of haircuts.
<L
WZYMTÈE7GE Y È3¶LTELULTG<L&L*LLT7;*L2LTGZ¶LLT 11707.08 13704.63
b) For each separately disclosed, the total 11707.08 13704.63
ETGZ ERZULTG<L&L UHLZLYXHLTNMET$LLO3LRZV*LL exposure (after, where applicable, on or
ETM&LLÉLLVET*LXP;W'LPL*L1LL3L_
ULTE7L43LIET$LLO off balance sheet netting) that is covered
YLKBG7¶LLTB!L.TGKPTG7PLTB^LKLÈG3L)LX3LH4 UHL-*Lr*L by guarantees/credit derivatives (wherever
MT)LLK3LI¶LGKuLP;$L4BE^LKLWVR&LG3LOIY¶LIHLT
" specifically permitted by RBI)
.I *L2ÈG3L)LXG3LEKL&LLVEOAGrELTL DF-7. Securitization: Standardized Approach
$L4BEELELTC;ÈG3L)LXG3LEKLLULTG<L&LVHIBH4" 7.1 Bank does not have any securitization exposure.
.I *L27T.Y$LRE&LTB$LLuLLKULTG<L&L DF-8. Market Risk in Trading Book

)LLK3LI¶L GKuLP; $L4BE ^LKL GVÉLL;GK3L &LLVEI²3L &LL*LV *LG3L WPGÉL 8.1 RBI prescribed Standardized Measurement Method (duration
based) for computation of capital charge for market risk
WLÉLLGK3L
ELT $L4BEVT $LLuLLKULTG<L&LET *LXUIÈ)LLKEIYLVLET has been adopted by Bank. Being fully compliant with
GZ W*LVLGZ¶LLH4")LLK3LI¶LGKuLP; $L4BEET &LLY;GVOT;LLTB ET WVRMLK Standardized Measurement Method as per RBI guidelines, now
&LLVEI²3L &LL*LV *LG3L EL *LXL;*LTL *LLZV EK3LT HR OAGrELTL Bank is preparing for the Internal Model Approach (Advanced
WLÉLLGK3LULTG<L&L&LX:¶L PI WLK
&LL8.ZETGZ 3L4¶LLKEKKHLH4 Approach on Market risk) based on Value at Risk (VaR) model,
which is under implementation.
GUMETEL¶LL;6P¶LVEI3L4¶LLKIQZKHIH4"
120
okf"kZd fjiksVZ
$LLuLLKULTG<L&LETGZ *LXBUIY3LW*LT\LL BGV&VLVRMLKH4B 8.2 The capital requirements for market risk are as under:
(` in crores)
*L¶LTEKLT.&LTB
Risk Category 31.03.2015 31.03.2014

ULTG<L&L+TLI
i) Interest Rate Risk 1532.43 1700.04
i)$¶LLUOKULTG<L&L 1532.43 1700.04
ii) Equity Risk 739.31 559.39
ii)CG%P7IULTG<L&L 739.31 559.39
iii) Foreign Exchange Risk (including 18.00 18.00
iii)GPOTLIGPGV&L¶LULTG<L&L -PL;MGH3L
18.00 18.00 Gold )
iv)&LLVEI²3LWPGÉLOAGrELTLETW63LY;3L$LLULK 2289.74 2277.43 iv) Total capital charge for market risks 2289.74 2277.43
under Standardised duration
ULTG<L&LLTBETGZ ERZ*LXUIÈ)LLK i+ii+iii
approach (i+ii+iii)
.I *L2*LGKQLZVY3LULTG<L&L DF-9. Operational Risk
)LLK3LI¶LGKuLP; $L4BEET GOLLGVOT;LLVRMLK$L4BE&LXZMBET3LEOAGrELTL 9.1. As per RBI directives, the bank has been maintaining capital
for operational risk under Basic Indicator Approach (BIA) w.e.f.
$LIWLC;
ETW63LY;3LMT*LGKQLZVY3LULTG<L&LETGZ 31.03.2008. The capital requirement as per BIA is `2945.64
*LXUIELK<LK<LLPEKKHLH4"$LIWLC; ETWVRMLKEI crores as on 31.03.2015.
G-'LG3LETWVRMLK*LXBUIY3LW*LTG\L3L*L¶LTEKLT.H4" Bank had applied to RBI for migration to the next advanced
$L4E B VTWYZTN£3LOAGrELTLW'LL;3L_&LLVEI²3LOAGrELTLEKVTETGZ approach viz. The Standardized Approach (TSA) and
&LLC;YT[ LVHT3LR )LLK3LI¶LGKuLP; $L4E
B ELT WLPTOVGE¶LL'LLWL4K)LLK3LI¶L RBI had permitted parallel run of TSA advising bank to
GKuLP; $L4E B VT $LIWLC; ET WB3LY;3L 7I M ELT WBG3L&L WVR&LG3L OTVT continue to maintain capital charge under BIA till such
time final permission is granted by them for TSA. The
3LE*LXU B IÈ)LLKELT .I M ELT M&LLVLB3LKQZLVT EIWVR&LG3LOI'LI" capital requirement as per TSA is Rs. 2886.34 Crores as on
ELT7I M ETWVRMLKW*LTG\L3L*LXU B IEKLT. H4" 31.03.2015.
.I *L2$L4BEY$LRE&LTB$¶LLUOKULTG<L&L WLC;WLKWLK$LI$LI
DF-10. Interest Rate Risk in the Banking Book (IRRBB)
WL8G-3L¶LLTBPOT¶L3LLWLTBEIMBPTOVLIZ3LLOK*LK$¶LLUOK&LTBN3LLKQLP 10.1 The interest rate risk arises due to fluctuating interest
ETELKL$¶LLUOKULTG<L&LOAGrY3LHLT3LIH4"*LKB*LKLY3LWB3LKGPZTLL rates on rate sensitive assets and rate sensitive liabilities.
For earning perspective Traditional Gap Analysis (TGA)
*LGKÈT\¶LÈL*3LEKVT 7IUI
WL4KWPGÉLWB3LKGPZTLL*LGKÈT\¶L and for economic value perspective Duration Gap
.IUI
WL'LE&LX:¶LHT3LR)LLK3LI¶LGKuLP;$L4BEETGOLLGVOT;LLTBET Analysis (DGA) is carried out to assess the interest
WVRMLK7T.Y$LREWL4K$L4BEY$LREOLTVLTB&LTB&LLGMEWB3LKLZ*LK$¶LLU rate risk at monthly intervals on both trading book
and banking book, as per RBI guidelines. As per ALM
OKULTG<L&LELGVÉLL;KLGE¶LLUL3LLH4" Z &LVIG3LET WVRMLK Policy, prudential limits have been fixed for impact on
$L4BE ET GZ GPPTE*LXL; &LLVOB.LTB EL GVÉLL;KL> GVPZ $¶LLU WL¶L Net Interest Income (NII), Net Interest Margin (NIM),
VWLC;WLC;
> GVPZ $¶LLU &LLUV &LWLC; &L
> 6¶LXV3L&L WLKWLT minimum ROA & minimum duration gap for the bank.
PB6¶LXV3L&LWPGÉLWB3LKLZ*LKÈ)LLPETGZ GE¶LLUL3LLH4"CMET Moreover behavioral studies are also being done for
assessing and apportioning volatile and core portion
WG3LGK%SWLG-3L¶LLTB PBOT¶L3LLWLTBOLTVLTBETWG-'LK PBG-'LK)LLYLTBEL of various non-maturity products of both assets and
GVÉLL;KLEKVTETGZ NVEIÈPAGºL¶LLTBELGVÉLL;KLGE¶LLUL3LLH4" liabilities.
W*LVL ULVTPLZT3LKIETGV&VP3LH4B 10.2 The tools used are:
Earning Approach – (Interest rate sensitivity Statement- Net
WU;VOAGrELTL $¶LLUOKMBPTOVLIZ3LLGVPZW63LK

Gaps)
3LLGZEL$¶LLUOKMBPTOVLIZ3LLGVPZW63LK Table 1: Interest rate sensitivity - net gaps
*LGK*L%P3LLWPGÉL W63LK W6¶L GVPZWB3LK ERZ ERZWLG-3L¶LLTB
Maturity Gap Other Net Gap Total Net Gaps
N3*LLO* WLG-3L¶LL &LTBGVPZWB3LK
Period Products* Assets as % to
` EKLT. EIÈG3LL3L3LL
(RSA-RSL) (Intt. rate) (1+2) (` in Total
WLK M $¶LLUOK
+
&LTB
(` in crores) (` in crores) crores) Assets

WLK M Z
` EKLT.
` EKLT.&LTB
1 2 3 4 5
&LTB
1 2 3 4 5 1-28 days 10083.77 -575 9508.77 57601.63 17%

MTGOV 29days - 3
10083.77 -575 9508.77 57601.63 17%
months 151456.76 125 151581.76 204937.78 74%
GOVMT&LLH 151456.76 125 151581.76 204937.78 74%
>MT&LLH -37454.65 125 -37329.65 33208.59 -112%
>3 to 6 months -37454.65 125 -37329.65 33208.59 -112%
>MT&LLH -56154.34 0 -56154.34 26652.85 -211% >6 to 12 months -56154.34 0 -56154.34 26652.85 -211%
>MTPL; -135554.39 325 -135229.39 97673.37 -138% >1 to 3 yrs. -135554.39 325 -135229.39 97673.37 -138%
>MTPL; 16484.34 0 16484.34 36454.34 45% >3 to 5 yrs. 16484.34 0 16484.34 36454.34 45%
PL;MTWGÉLE 82004.37 0 82004.37 98960.77 83% Over 5 years 82004.37 0 82004.37 98960.77 83%
W6¶LN3*LLOLTB&LTBMG&&LGZ3LH4PL¶LOLOKEKLK *L2WLK
>WOZL$LOZI -P4*L
> * Other products include: FRAs, Swaps, Futures, Options & other derivatives
)LLPIML4OT ¾¶LXQM;
>GPE:*L WL*LBM
3L'LLW6¶L0¶LR3*L£ .TGKPTG70M
121
WL8G-3L¶LLTB WL4K OT¶L3LLWLTB EL *LRV&LX:; ¶L GVÉLL;KL ET WVR&LLV )LLGK$L4EB ET The repricing assumptions on assets and liabilities are as
&LLY;GVOT; LLTB ETWVRMLKGE UL3LTH4"B ¾ZLT7YOKWGY[&LLTB ETMB$LBÉL&LTB TML&LLVL per RBI guidelines. The floating rate advances are assumed
to be repriced in 29 days to 3 months bucket.
UL3LLH4GENVEL*LRV&LX:; ¶LGVÉLL;KLGOVMT&LHIVTET)LI3LKHLTYL"
ULTG<L&L¶LR%S WU;V VWLC;WLC; *LK $¶LLUOK &LTB % ÈG3LEXZ Earning at Risk: Impact of 0.5 % adverse change in interest
rate on NII.
*LGKP3L;VELÈ)LLP
ÈKLT.&LTB
(` in crores)
LTLWPGÉL %EIOKMT VWLC;WLC;*LKÈG3LEXZ*LGKP3L;V Remaining Period Estimated impact on NII with adverse change in
ELWVR&LLGV3LÈ)LLP rate of interest by 0.50%
&LLM3LE `252.28 EKLT. Up to 6 months `252.28 crores
PL;EIWPGÉL3LE `491.49 EKLT. Up to 1 year `491.49 crores
WL'LE&LX:¶LOAGrELTL 10.2.2 Economic Value Approach
WL'LE &LX:¶L W'LL;3L_ WL'LE &LX:¶L *LK $¶LLU OK &LTB $LI*LI M EI The economic value approach involves analyzing the impact on
$¶LLUOK&LTB*LGKP3L;VETELKL*LXUIY3LGVGÉL*LKHLTVTPLZTÈ)LLPELWPGÉL the capital funds due to change in interest rate by 200 bps using
Duration gap Approach. It assesses the intrinsic values of assets
WB3LK*LG3LET &LLÉ¶L&LMT GV¶LG&L3LWB3LKLZ*LK&LX:¶LLBEVGE¶LLUL3LLH4"
and liabilities from time to time thereby improving banks insight
¶LHWL8G-3L¶LLTB PBOT¶L3LLWLTBETWLB3LGKE&LX:¶LLTBELGVÉLL;KLEK3LLH4GUMET into the profile of assets and liabilities vis-a vis contractual rate and
*LGKLL&L-P*LMBGPOLOKWL4K$LLuLLKOKETML'LML'L$L4BEEIWL8G-3L¶LLTB market rate. As a prudential measure, a limit has been fixed for net
WL4KOT¶L3LLWLTBEIÈLT*L2LCZ&LTB$L4BEYWB3LOA;Gr&LTBMRÉLLKWL3LLH4"*LGKMB*LGºL duration gap of the assets and liabilities and the same is monitored
at regular interval.
PB OT¶L3LLWLTB ET LR WPGÉL WB3LK ET GZ MI&LL EI GPPTE*LXL; L4ZI
GVÉLL;GK3LEIYC;H4WL4KGV¶LG&L3LWB3LKLZ*LKCMT&LL8GV7KGE¶LLUL3LLH4"
122
okf"kZd fjiksVZ
ELTM&LL*3LPL;ETGZ $LTMZ"""»T&LPE; Pillar 3 Disclosures under Basel III Framework

ETWB3LY;3L-3L&)LÈE7IEKL For the Year ended 31.03.2015
7T$LZ.I J2È¶LLTYEIMB)LLPVL Table DF-1: Scope of Application
i. YRLL3&LEÈE7IEKL i. Qualitative Disclosures:
M&LXH&LTBLIL;$L4BE Top bank in the group
*LBUL$LV4LVZ$L4BE CMET$LLOCMT$L4BEEHLUL YL
NMM&LXH&LTBLIL; Punjab National Bank ( herein after referred to as the 'Bank') is the
top bank in the group to which the Capital Adequacy Framework
$L4BEH4GUM*LKMBLLTGÉL3L*LXBUI*L¶LL;*3L3LL»T&LPE;ZLYXHLT3LTH4B"$L4BEEI under Basel III applies. The bank has four domestic and three
LKTZX WL4KWB3LKL;rI¶LWVRLBGY¶LLB H4B ULT )LLK3LI¶LGKuLP; $L4BE )LLGK$L4BE
International subsidiaries which together constitute the Group in
GOLLGVOT;LLTBETWVR*LM&LTGE3LGPºLI¶LGPPKLLTB MI J2 M
ETMBO)L;&LTB the context of Consolidated Financial Statements (CFS) in line with
M&LXHELY#VEK3LIH4B"$L4BEP3L;&LLV&LTB$LI&LLYG3LGPGÉL¶LLTB&LTBMIÉLT3LL4K*LK the Reserve Bank of India (RBI ) guidelines. The Bank is not directly
involved in insurance manufacturing activity. However, Bank has
MBGZ*3LVHIBH43L'LLG*L>$L4BEVT$LI&LLEL¶L;EKKHIGV&VGZG<L3LWVRLBGY¶LLTB invested in the share capital in the following insurance related
&LTBLT¶LK*LXUI&LTBGVPTLGE¶LLH4 subsidiaries/Associates.
¹ E&*LVIELVL&L GEMOTL G-'LG3L -PLG&L3PEL S. Name of the Country of Status Proportion of
MB &LTB$LVI WVR*LL3L No. company Incorporation ownership
*LI V$LICB¶LLTKTBMD[LTEYÈLGZ* )LLK3L WVRLBYI 1. PNB Insurance India Subsidiary 81%
Broking Pvt. Ltd.*
2. PNB Metlife India India Associate 30%
*LI V$LI&L47ZLC;*L2CBG.¶LLCB¶LLTKT6M )LLK3L MLTGM 7 Insurance Company
E&*LVIGZ Ltd
* E&*LVIY4KEL¶LL;3&LEH4WL4KEB*LVIETM&LL*LVETGZ EO&LN#L ULKHTH4B%¶LLTBGE * The company is non functional and steps are being taken for winding up of the
company as the license has already been surrendered on 14.02.2011.
ZLCMTBMELT*LHZTHIPL*LMGE¶LLULQRELH4"
EM&LTEVETGZ M&LXHMB-'LLWLTBEIMXQI a. List of group entities considered for consolidation
i. M&LTEVEIZT<LLEBVMB)LLPVLETWB3LY;3LM&LTEVETGZ VIQT i. All the group entities as mentioned below are considered for
NkT<LEIYC;M)LIM&LXHMB-'LL BWL3LIH4B" consolidation under accounting scope of consolidation.
ii. $LI&LL WVRLBGY¶LLTB ELT /LT.EK M)LI M&LXH MB-'LLWLTB EL M&LTEV ii. All the group entities except insurance subsidiaries as
above are considered for consolidation under regulatory
GPGV¶LL&LEOL¶LKTETWB3LY;3L¦*LK$L3LL WVRMLKGE¶LLUL3LLH4" scope of Consolidation. Regulatory scope of consolidation
M&LTEVEIGPGV¶LL&LEMB)LLPVLEL3LL3*L¶L; M&LTEVCMÈELK refers to consolidation in such a way as to result in the
EKVLH4GEGUMET*LGKLL&L-P*LVIQTOIY¶LIM&LXHMB-'LLWLTB assets of the underlying group entities being included in
ELT M&LXHET M&LTGE3LULT<L&L)LLKWLG-3L¶LLTB EIYLVLET GZ the calculation of consolidated risk- weighted assets of the
group.
LLG&LZGE¶LLUL "
123
MB-'LLELVL&LWL4KGVY&LV %¶LLMB-'LLM&LTEV M&LTEVEIGPGÉL %¶LLMB-'LL M&LTEVEIGPGÉL M&LTEVEI M&LTEVETOL¶LKT&LTB
ELOTL ETZT<LLBEVOL¶LKTET M&LTEVET GPGÉL&LTBWB3LKET MT EETWB3LY;3L
WB3LY;3LLLG&LZEIYC; GPGV¶LL&LE ELKL M&LTEVETELKL
H4 HLB!VHIB
OL¶LKTETWB3LY;3L
LLG&LZEIYC;
H4 HLB!VHIB
*LI V$LIGY:7MGZG&L7T. HLB METWVRMLK HLB METWVRMLK ZLYXVHIB ZLYXVHIB

)LLK3L
M&LTGE3LGPºLI¶LGPPKL M&LTGE3LGPºLI¶LGPPKL
*LI V$LIHLNMY*L2LCVTBM HLB METWVRMLK HLB METWVRMLK ZLYXVHIB ZLYXVHIB

GZG&L7T. )LLK3L
*LI V$LICVPT-7&LTB7MPMTU HLB METWVRMLK HLB METWVRMLK ZLYXVHIB ZLYXVHIB

GZG&L7T. )LLK3L
*LI V$LI$LI&LLD[LTEYÈL HLB METWVRMLK VHIB ZLYXVHIB ZLYXVHIB *LI V$LI$LI&LLD[LTEY

GZ )LLK3L
M&LTGE3LGPºLI¶LGPPKL ÈLGZ E$LI&LL
WVRLBYIH4
*LBUL$LV4LVZ$L4BE HLB METWVRMLK HLB METWVRMLK ZLYXVHIB ZLYXVHIB

CB7KV4LVZ
GZG&L7T. ¶LXET
.E*LI V$LI$L4BEGZ HLB METWVRMLK HLB METWVRMLK ZLYXVHIB ZLYXVHIB

)LX7LV
UT MMI M$LI*LI V$LI HLB METWVRMLK HLB METWVRMLK ZLYXVHIB ZLYXVHIB

EuLLG<L-3LLV EuLLG<L-3LLV
<L M&LTEVETGZ GPGV¶LL&LEOL¶LKTETWB3LY;3LVWLVTPLZIM&LXHMB-'LLWLTBEIMXQI

` GFZV&LTB
MB-'LLELVL&LWL4KGVY&LV MB-'LLEI&LR<¶LYG3LGPGÉL ERZ3LRZV*LLCG%P7I ERZCG%P7I&LTB$L4BEEI MB-'LLEI*LXBUIGZ<L3LLTB ERZ3LRZV*LLWL8G-3L¶LLB
ELOTL U4MLGEGPGÉLEMB-'LLET ÈG3LL3LÉLLGK3LL &LTB$L4BEETGVPTLLTBEL U4MLGEGPGÉLEMB-'LLET
ZT<LLBEV3LRZV*LL&LTB$L3LL¶LL GPGV¶LL&LE7I7&L4B7 ZT<LLBEV3LRZV*LL&LTB$L3LL¶LL
Y¶LLH4
Y¶LLH4

@ *LI V$LI$LI&LLD[LTEYÈL P3L;&LLV&LTBY4KEL¶LL;3&LE METWVRMLK
GZ )LLK3L
@ *LI V$LIDIFLD[LTEYÈLGZ CBG.¶LL

ELT??È3¶L\LOZLZIYG3LGPGÉLEKVTETGZ $LI&LLGPGV¶LL&LE PBGPELMÈLGÉLEKL WLC;WLK.I
^LKLZLC;MTBMGO¶LLY¶LL'LL"¶LH EGO<LLP7I
E&*LVIH4WL4KCMVTW*LVLD[LTEYZLCMTBMWLC;WLK.I ELTML4B*LGO¶LLH4"E&*LVIETM&LL*LVETGZ EO&LN#L¶LTULKHTH4B"
ii. &LLLL3&LEÈE7IEKL
Y M&LTEVETGPGV¶LL&LEOL¶LKTETWB3LY;3LWLVTPLZIM&LXHMB-'LL B
`G&LGZ¶LV&LTB
MB-'LLELVL&LWL4KGVY&LVELOTL MB-'LLEI&LR<¶LYG3LGPGÉL &LLQ;>ELTERZ &LLQ;>ELTERZ
3LRZV*LLCG%P7I ZT<LLBEV 3LRZV*LLWL8G-3L¶LLB ZT<LLBEV
3LRZV*LLETWVRMLK
3LRZV*LLETWVRMLK
*LI V$LIGY:7MGZG&L7T. )LLK3L

MKELKIÈG3L)LXG3L¶LLTB7TuLKIG$LZLTBWL4KY4K M ZWLK 7535.41 46094.41
GVPTLLTB&LTB7T.Y
*LI V$LIHLNMY*L2LCVTBMGZG&L7T. )LLK3L
&LELVLTBEI<LKIO>GV&LL;LWL4KW]3LIEKLETGZ 15812.71 190332.62
WLPLMLÈOLVEKVL
*LI V$LICVPT-7&LTB7MPMTUGZG&L7T. )LLK3L
&LQT7$L4BEY>*LGK¶LLTUVL&LX:¶LLBEV>LGM6.IETLV 386.44 338.24
*LBUL$LV4LVZ$L4BE CB7KV4LVZ
GZG&L7T. ¶LXET
$L4BEY 10201.22 121341.49
.E*LI V$LI$L4BEGZ )LX7LV
$L4BEY 872.13 7479.15
UT MMI M$LI*LI V$LIEuLLG<L-3LLV $L4BEY 4159.45 5301.73
EuLLG<L-3LLV
124
okf"kZd fjiksVZ
Name of the entity Whether the entity Method of Whether the entity Method of Reasons for Reasons for
& is included under consolidation is included under consolidation difference in consolidation
Country of accounting scope of regulatory scope of the method of under only one
incorporation consolidation consolidation consolidation of the scopes of
(Yes/No) (Yes/No) consolidation
PNB Gilts Ltd. Yes Consolidated in Yes Consolidated in Not applicable Not applicable
(India) accordance with accordance with
AS-21, Consolidated AS-21, Consolidated
Financial Statements Financial Statements
PNB Housing Yes Consolidated in Yes Consolidated in Not applicable Not applicable
Finance Ltd. accordance with accordance with
(India) AS-21, Consolidated AS-21, Consolidated
PNB Investment Yes Consolidated in Yes Consolidated in Not applicable Not applicable
Services Ltd. accordance with accordance with
(India) AS-21, Consolidated AS-21, Consolidated
PNB Insurance Yes Consolidated in No Not applicable Not applicable PNB Insurance
Broking Pvt. Ltd. accordance with Broking Pvt. Ltd.
(India) AS-21, Consolidated is an Insurance
Financial Statements Subsidiary.
Punjab National Yes Consolidated in Yes Consolidated in Not applicable Not applicable
Bank (International) accordance with accordance with
Ltd. AS-21, Consolidated AS-21, Consolidated
(U.K.) Financial Statements Financial Statements
Druk PNB Bank Ltd Yes Consolidated in Yes Consolidated in Not applicable Not applicable
(Bhutan) accordance with accordance with
AS-21, Consolidated AS-21, Consolidated
JSC SB PNB Yes Consolidated in Yes Consolidated in Not applicable Not applicable
Kazakhstan accordance with accordance with
(Kazakhstan) AS-21, Consolidated AS-21, Consolidated
b. List of group entities not considered for consolidation under regulatory scope of consolidation.
` in millions
Name of the entity & Principle activity of Total balance sheet % of bank’s Holding Regulatory treatment of Total balance sheet
Country of Incorporation the entity equity (as stated in the in the total equity bank’s investments in assets (as stated in the
accounting balance the capital instruments accounting balance
sheet of the legal entity of the entity sheet of the legal entity
@PNB Insurance Non functional at 258.51 81 In accordance with 259.49
Broking Pvt. Ltd. (India) present. AS-21
@ PNB Insurance Broking Pvt. Ltd. (India) was licensed by Insurance Regulatory & Development Authority (IRDA) to carry out "Direct Broker" activity.
It is a shell company and has surrendered the broking license to IRDA. Steps are being taken for winding up of the company.
ii. Quantitative Disclosures:

c. Group entities considered for regulatory scope of consolidation.
` in millions
Name of the entity & Country of Principle activity of the entity Total balance sheet equity as on Total balance sheet Assets as on
incorporation 31st March 2015 31st March 2015
(As per accounting balance sheet) (As per accounting balance sheet)
PNB Gilts Ltd. (India) Trading in Govt. Securities Treasury 7535.41 46094.41
Bills and Non SLR Investments
PNB Housing Finance Ltd. (India) Providing Housing Loans for purchase, 15812.71 190332.62
construction and upgradation of houses
PNB Investment Services Ltd. (India) Merchant banking, Project appraisal, 386.44 338.24
Loan syndication
PNB (International) Ltd. (U.K.) Banking 10201.22 121341.49
Druk PNB Bank Ltd. (Bhutan) Banking 872.13 7479.15
JSC SB PNB Kazakhistan (Kazakhistan) Banking 4159.45 5301.73
125
L WVRLBGY¶LLTB&LTB*LXBUIEIE&LI d. Capital deficiency in subsidiaries
&LLQ;>ELT$L4E B EIWVRLBGY¶LLTB EI*LXU
B I&LTB ELTC; E&LIVHIBH4" There is no capital deficiency in the subsidiaries of the Bank as
on 31st March 2015.
. $L4BEEI$LI&LLMB-'LL BGUV&LTBULTG<L&L)LLKH4>NV&LTB$L4BEETERZ e. The aggregate amounts (e.g. current book value) of the bank’s
GH3LEIMEZKLGL NOLHKLL'L;P3L;&LLV$LHI&LX:¶L
total interests in insurance entities, which are risk-weighted:
`G&LGZ¶LV&LTB ` in millions
MB-'LLEL MB-'LLEI&LR<¶L&LLQ;> ERZCG%P7I! ULTG<L&L)LLK Name of the Principle Total balance % of bank’s Quantitative
VL&L!GVY&LV YG3LGPGÉL ELT PLT7YLG%S GPGÉL$LVL&L insurance activity sheet equity Holding in Impact on
ELOTL ERZ3LRZV*LL ETWVR*LL3L *LXL;E7L43LI entities / of the entity (as per the Total regulatory
country of accounting equity / capital of
CG%P7I U4ML &LTB$L4BEEI GPGÉLEL incorporation balance sheet Proportion using risk
GEGPGÉLE ÈG3LL3LÉLLGK3LLÈ¶LLTYEK3LT of the legal of voting weighting
MB-'LLET HR GPGV¶LL&LE entity) as on power method
ZT<LLBEV3LRZV *LXBUI*LK 31st March versus using
*LL&LTB$L3LL¶LL &LLLL3&LE 2015 the full
Y¶LLH4
È)LLP deduction
method
*LI V$LIDIFL LX6¶L ELTC; ULTG<L&L PNB Insurance NIL 258.51 81% No risk
D[LTEYÈLGZ )LLKVHIB%¶LLTGB E Broking Pvt weight as
CBG.¶LL
E&*LVIY4K Ltd. (India) company
EL¶LL;3&LEH4 is non
functional
*LI V$LI CB¶LLTKT6M GVPTL&LX:¶L3LE PNB Metlife Insurance 21163.83 30% Risk weight
&L47ZLC;*L2CBG.¶LL &L4VR*L24%QKY ULTG<L&LÈ)LLK India Insurance Manufacturing up to the
CB¶LLTK6T ME&*LVI Company Ltd value of
GZ )LLK3L
(India) investment
Q $L4BEYM&LXHETWBOKGVGÉL¶LLTBETWB3LKL¶LLGPGV¶LL&LE*LXBUI*LK f. Any restrictions or impediments on transfer of funds or

ÈG3L$LBÉL¶LL$LLÉLL)LLK3LI¶LGKuLP;$L4BE^LKLLLGM3LH4" regulatory capital within the banking group is as governed by
RBI.
7T$LZ.I *L2*LXBUI*L¶LL;*3L3LL
Table DF-2: Capital Adequacy
*LXUI*L¶LL;*3L3LL Capital Adequacy
E
$L4E
B M&LY[ ULTG<L&L È$L6ÉLV VIG3L &LTB GPPLM K<L3LL H4 WL4K a. The bank believes in the policy of total risk management.
ULTG<L&LETÈG3LM&LY[OAGrELTLK<L3LTHR $LLÉ¶L3LLÉLLKIMTM&$LÉO The bank views the risk management function as a holistic
approach whereby risk retention is considered appropriate
GPLTL ULTG<L&LLT>B ULTG<L&L &LTB HLTVT PLZT N3LLK QLP ET $LIQ &LTB after giving due consideration to factors such as specific
*LK-*LKM&$L6ÉLWL4KGV¶LBGL3L*LGKQLZEULTG<L&LPL3LLPKLET)LI3LK risk characteristics of obligor, inter relationship between
3LOLVR*LGPPKGL¶LLTB WL4KELKLT$LLKETGPG)L£NÎT¶LLTB EIN*LZG$ÉL¶LLTB risk variables and corresponding return and achievement
ETGPGL7ULTG<L&LZ\LLLTB ELTNGQ3L&LH3POT3LTHR ULTG<L&LELT of various business objectives within the controlled
MHVEKVLNGQ3L&LLVLUL3LLH4"$L4E B EL¶LHGPPLMH4 GE operational risk environment. Bank believes that risk
MPLT1; Q!PGK#È$L6ÉLVETOLG¶L3PLTB &LTB ULTG<L&LÈ$L6ÉLVELÈ&LR<L management is one of the foremost responsibilities of top/
-'LLVH4"GVOTLE&L.Z0¶LL*LE*LMTULTG<L&LÈ$L6ÉLVVIG3L¶LLTB senior management. The Board of Directors decides the
*LK *L24MZL ZT3LL H4 WL4K ULTG<L&L È$L6ÉLV OL;V P VIG3L> L overall risk management policies and approves the Risk
Management Philosophy & Policy, Credit Management &
È$L6ÉLVPULTG<L&LÈ$L6ÉLVVIG3L>GVPTLVIG3L>WLG-3LOT¶L3LLÈ$L6ÉLV
Risk policy, Investment policy, ALM policy, Operational
VIG3L>*LGKQLZVY3LULTG<L&LÈ$L6ÉLVVIG3L>WL63LGKE*LXU B I*L¶LL;*3L3LL Risk Management policy, Policy for internal capital
GVÉLL;KLÈG¹¶LLVIG3L WLC;MI *LI
>LULTG<L&L6¶LXVIEKL adequacy assessment process (ICAAP), Credit Risk
PMBJLG;PEÈ$L6ÉLVVIG3L>O$LLPULQVIG3L3L'LLELKLT$LLKÈ²G3L! Mitigation & Collateral Management Policy, Stress Testing
YG3LGPGÉL¶LLTB EI*LKT<LLELWVR&LLTGO3LEK3LLH4 GUV&LTB $L4E B ET Policy and Policy for Mapping Business Lines/Activities,
GPG)L£ULTG<L&LLTB ETM&$L6ÉL&LTB M&LTGE3LÈ$L6ÉLVETGZ GOLLGVOT; L containing the direction and strategies for integrated
3L'LLEL¶L;VIG3L¶LL3L¶LHLT3LIH4"B CVVIG3L¶LLTB &LTB W6¶L$LL3LLTB ETML'L management of the various risk exposures of the Bank.
ML'LCM$LL3LEL)LINkT<LHLT3LLH4 GELRWL3LEHL MT EI These policies, interalia, contain various trigger levels,
UL¶LTYI><L3LKLEHLH4WL4KGEV$LL3LLTB *LKULTKGO¶LLUL¶LTYL" exposure levels, thrust areas etc.
GVOTLE&LB.Z^LKLGVOTLE&LB.Z-3LKEIN*LMG&LG3L$LVLC;Y¶LIH4 The bank has constituted a Board level subcommittee
GUMELVL&LH4 ULTG<L&LÈ$L6ÉLVMG&LG3L"&LLT7T 3LL4K*LKCMMG&LG3LEL namely Risk Management Committee(RMC). The committee
OLG¶L3PH4ULTG<L&LÈ$L6ÉLVETEL¶L;EKVL3L'LL¶LHLULTG<L&LÈ$L6ÉLV has the overall responsibility of risk management functions
MG&LG3L MIWLK &LMI
>WLG-3LOT¶L3LLMG&LG3L ZMI
PB and oversees the function of Credit Risk Management
*LGKQLZVY3LULTG<L&LÈ$L6ÉLVMG&LG3L WLTWLK &LMI
ETEL¶LLTEL Committee (CRMC), Asset Liability Committee (ALCO) and
126
okf"kZd fjiksVZ
MPT;\LLEK3LIH4"ULTG<L&LÈ$L6ÉLVMG&LG3LEIG3L&LLHI&LTBE&LMTE&L Operational Risk Management Committee (ORMC). The

E$L4#EHLT3LIH4"$L4BE¶LHM&L3LLH4 GEMBY#VET È)LLPI3L'LL meeting of RMC is held at least once in a quarter. The bank
ERLZBYMTEL¶L;EKVTETGZ ULTG<L&LÈ$L6ÉLV EWGVPL¶L;3LLH4" recognizes that the management of risk is integral to the
effective and efficient management of the organization.
LULTG<L&LÈ$L6ÉLV 2.1. Credit Risk Management
WÉ¶L\L PB È$L6ÉLGVOTLEEIWÉ¶L\L3LL&LTB YG#3LLULTG<L&LÈ$L6ÉLV
MG&LG3L L ULTG<L&L ET GZ EL¶L; EKVT PLZI MPLT;1Q MG&LG3L H4" ¶LH 2.1.1 Credit Risk Management Committee (CRMC) headed by MD &
CEO is the top-level functional committee for Credit risk. The
MG&LG3LGVOTLE&L.Z^LKLGVÉLL;GK3LM&LY[&LLLL3&LEWL4KGPPTE*LXL;MI&LL committee considers and takes decisions necessary to manage
ET)LI3LKLETÈ$L6ÉLVWL4KGV¶LBLLETGZ WLP¶LEGVL;¶LZTVT*LK and control credit risk within overall quantitative prudential
GPQLKEK3LIH4WL4K TMTGVL;¶LZT3LIH4"CMMG&LG3LELTLÈ-3LLPLTBET limit set up by Board. The committee is entrusted with the
È-3LRG3LEKL ET &LLVELTB EI VIG3L¶LLTB ET WVR&LLTOV> $LLuLLK ET *LGKOA¶L &LTB job of approval of policies on standards for presentation of
*LGKP3L;VW'LPLJ2I.$L4EET WLÉLLK*LKGPG)L£&LL.ZLTB &LTB UKIMRÉLLK> credit proposal, fine-tuning required in various models based
LULTG<L&LÈ$L6ÉLVVIG3L!)LLK3LI¶LGKuLP;$L4BEET&LLY;GVOT;LLTBEIW*LT\LLWLTB on feedbacks or change in market scenario, approval of any
other action necessary to comply with requirements set forth
ET*LLZVETGZ W'LPLLULTG<L&LÈ$L6ÉLVETGZ W6¶L'LLWLP¶LE
in Credit Risk Management Policy/ RBI guidelines or otherwise
GEMIW6¶LEL¶L;M&$L6ÉLIVIG3L¶LLTBETWVR&LLTOVELEL&LML4B*LLY¶LLH4" required for managing credit risk.
&LU$LX3LULTG<L&LÈ$L6ÉLVLBQLÈOLVEKVTETGZ $LVLC;YC;$L4BEEIL 2.1.2 In order to provide a robust risk management structure, the
È$L6ÉLV PBULTG<L&LVIG3LELNÎT¶LH4$L4BEEI&LU$LX3LLULTG<L&LÈ$L6ÉLV Credit Management and Risk policy of the bank aims to
ÈLLZIET EL¶LL;6P¶LVHT3LR E&LXZ)LX3LLBQLÈOLVEKVL"¶LHVIG3LL provide a basic framework for implementation of sound credit
ULTG<L&L>ÈL*3LGE¶LT ULVT PLZT Z\¶LLTB>P3L;&LLVÈ'LLWLTB WL4K)LLPIVIG3L¶LLTB risk management system in the bank. It deals with various
U4MTWVTEEL¶L;\LTLLTBETMB$LBÉL&LTBEL¶L;EK3LIH4"CMGZ H&LLKILVIG3L areas of credit risk, goals to be achieved, current practices
LULTG<L&LÈ$L6ÉLVETÈG3LW:*LLPGÉLEL¶LL;6P¶LV3L'LLOI LL;PGÉLOAGrELTL and future strategies. As such, the credit policy deals with
short term implementation as well as long term approach to
OLTVLTBELTHI-PIELKEK3LIH4"$L4BEEIVIG3L&LTBULTG<L&LEI*LHQLVEKVL> credit risk management. The policy of the bank embodies in
ULTG<L&LEI&LLLLEL*L3LLZYLVL>ULTG<L&LET-3LKELT3L¶LEKVTEI3LEVIE> itself the areas of risk identification, risk measurement, risk
GK*LLT7YPULTG<L&LGV¶LBLL*LG3L¶LL!N6HTBE&LEKVTET3LKIET>ÈZT<LIEKL grading techniques, reporting and risk control systems /
EIÈ'LL B PBM&L-¶LL&LXZELLTBMTGV*L7VTET3LKIETGVGH3LH4B" mitigation techniques, documentation practice and the system
ÈÉLLVEL¶LL;Z¶L&LTB &LHLÈ$L6ÉLEWL4KNMMT ¦*LK!*L2I:.&LTB *L2UI &LWL4K for management of problem loans.
&LB.ZÈ&LR<LEILG%S¶LLTBETWB3LY;3LWLVTPLZTM)LILÈ-3LLPLTB*LKL All loan proposals falling under the powers of GM & above
WVR&LLTOVMG&LG3L MI MI
^LKLGPQLKGE¶LLUL3LLH4" at HO/ Field General Manager and Circle Head at field are
considered by Credit Approval Committee (CAC).
$L4BEVT 0¶LL*LEULTG<L&LKT7YÈLLZIGPEGM3LEIH4 ULT W6¶L*L\LLTB ET
2.1.3 Bank has developed comprehensive risk rating system that serves
GPGPÉLULTG<L&L L7ELTB^LKLM3L3L_OAGrMTLM&$L6ÉLIGVL;¶LZTVT&LTB EZ as a single point indicator of diverse risk factors of counterparty
G$L6ORMXQEET*L&LTBEL¶L;EK3LIH4"ULTG<L&LKT7YÈLLZI0¶LPG-'L3LBY and for taking credit decisions in a consistent manner. The risk
MT 3L4¶LLKEIYC; H4 ULT LE3LL; ELP4GLr¶L>N]LTY*LKEP4GLr¶LWLGO rating system is drawn up in a structured manner, incorporating
U4MT GPG)L£ L7ELTB EIULVELKIOT3LIH4"*L¶LT ZL<LMT WGÉLEEI different factors such as borrower’s specific characteristics,
ERZMI&LLPLZT L<LL3LLTB *LKULTG<L&LKT7YÈLLZIZLYX EIUL3LIH4" industry specific characteristics etc. Risk rating system is being
$L4BEW*LVTKT7Y&LL8.ZLTBEIP4ÉL3LLEIM&L¶LM&L¶L*LKULQEK3LLKH3LL applied to the loan accounts with total limits above Rs.50 lacs.
Bank is undertaking periodic validation exercise of its rating
H4WL4KNVEI&LU$LX3LIEIULQEKVTETGZ &LLCY[TLVWL4KQXEOKEL
models and also conducting migration and default rate analysis
GPZTLL)LIEK3LLKH3LLH4" to test robustness of its rating models.
/LT7T LLTB WL4K<LROKLWGY[&LLTB ET GZ WBEOTVT ET &LL8.ZW*LVL UL3LT H4B
Small & Medium Enterprise (SME) and Retail advances are
GUV&LTBL??&LBUXK!VL&LBUXKEKVTETGVL;¶LÈL*3LWBELTB*LKWLÉLLGK3LHLT3LTH4B" subjected to Scoring models which support “Accept/ Reject”
<LROKLLLTBETM)LIWLPTOVLTBEL&LX:¶LLBEVWGVPL¶L;3LWBEÈLLZIEIÈG¹¶LL decisions based on the scores obtained. All SME and Retail
MT GE¶LLUL3LLH4"*L2L&L; \LTLET GZ WBE*LG3LGPEGM3LEIYC; H4 WL4K loan applications are necessarily to be evaluated under score
NMELEL¶LL;6P¶LVÈYG3L*LKH4"$L4BEEI¶LH¶LLTUVLH4 GEGUVL<LL3LLTB card system. Scoring model Farm sector has been developed
EL&LX:¶LLBEVGE¶LLULVLH4NV&LTBMTÈ3¶LTEL<LL3LTELTULTG<L&L&LX:¶LLBEV! and implementation process is under progress. The bank plans
WBEOTVTEIÈG¹¶LLMTYRUKVL*L.T" to cover each borrowal accounts to be evaluated under risk
rating/ score framework.
WLBE.LTBETM&$L6ÉL&LTBÈL4]LTGYEI3L'LLULTG<L&LÈ$L6ÉLVETGZ GPZTLL
Recognizing the need of technology platform in data handling
EIUK3LELT M&L3LT HR $L4BEVT CVOLTVLTB ÈLLGZ¶LLTB ELT ET6ÇI¶LMP;K
and analytics for risk management, the bank has placed rating/
VT7PE; *LK.LZGO¶LLH4"CVM)LI&LL8.ZLTB ELT È¶LLT%SLWLTB ^LKL$L4BEET scoring systems at central server network. All these models can be
GEMI)LIEL¶LL;Z¶LMTWL8VZLCVÈ¶LLTYGE¶LLULME3LLH4" assessed by the users ‘on line’ through any office of the bank.
L<LL3LLTB ET -PL-'¶LEIM&L¶LM&L¶L*LK&LL8GV7KYET GZ $L4E B VT L For monitoring the health of borrowal accounts at regular
HLGV¶LLTB EIKLTE'LL&L!N6HTB 6¶LXV3L&LK<LVTETOAGrY3LLI L[QT3LLPVIMBE3T LLTB EL*L3LL intervals, bank has put in place a tool called Preventive
ZYLVTETGZ GVPLKE&LL8GV7KYÈLLZI *LI &L M
VL&LE0¶LP-'LLELTZLYX Monitoring System (PMS) for detection of early warning
GE¶LLH43LLGELHLGV¶LLTB ELTE&LMTE&LK<LLULMET! L7L¶LLULMET" signals with a view to prevent/minimize the loan losses.
127
$L4E
B N]LTYPLK.L7LPT¶LKHLNM)LIEL¶LL;G6P3LEKVTULKHLH43LLGEGPMVI¶L 2.1.4 Bank is in the process of implementing enterprise-wide data
3L'LLMHI*LLK&*LGKE.L7L$LTMEIW*LT\LLWLTB ELT *LXKLGE¶LLULMET WL4K warehouse (EDW) project, to cater to the requirement for the
reliable and accurate historical data base and to implement
ULTG<L&LÈ$L6ÉLVM&LLÉLLV!3LEVIELTB ELT$LLGKEIMTZLYXGE¶LLULMETWL4K the sophisticated risk management solutions/ techniques and
ULTG<L&L L7ELTB ELWVR&LLVZYLVT QXEEIMB)LLPVL
ZUI.I \LG3L the tools for estimating risk components {PD (Probability of
OLLIQXE
>C; .I QXEMB)LLGP3L<LL3LLT
WL4KGPG)L£LLTB ETM&$L6ÉL Default), LGD (loss Given Default), EAD (Exposure at Default)}
&LTB ULTG<L&LLTB EI&LLLLEL*L3LLZYLVTETWVR&LLVLTB ETGZ )LI<LLELGPEGM3L and quantification of the risks in the individual exposures to
assess risk contribution by individual accounts in total portfolio
EKVTETML'LML'LET6ÇI)LX3LULTG<L&LETGZ )LI<LLEL3L4¶LLKEKKHLH4" and identifying buckets of risk concentrations.
LULTG<L&LÈ$L6ÉLVETWBYET*L&LTB HI$L4E B VT EMR*LGK)LLGL3LL 2.1.5 As an integral part of Risk Management System, bank has put in
M&LI\LL3LBL ZWLK &L
$LVL¶LLH4"CMMTLÈLLMV&LTB YRLL3&LEMRÉLLK place a well-defined Loan Review Mechanism (LRM). This helps
ZLVT&LTB &LOOG&LZ3LIH4"LM&LI\LL3LBLETEL¶LL;6P¶LVET E-P3LBLÈ)LLY bring about qualitative improvements in credit administration.
$LVL¶LLY¶LLH4GUMELVL&LH4LZT<LL*LKI\LLPM&LI\LLÈ)LLY" A separate Division known as Credit Audit & Review Division
has been formed to ensure LRM implementation.
ULTG<L&LEIKT7YWL4KULBQÈG¹¶LLELEL¶L;L&LX:¶LLBEVMTG)L£*LMT 2.1.6 The risk rating and vetting process is done independent of credit
GE¶LLUL3LLH43LLGENMEIGPMVI¶L3LLWL4K-P3LBL3LL$LVIKHMET"WLG-3L¶LLTB appraisal function to ensure its integrity and independency.
WLGOEIYRLPºLLELG&LG+3LGPZTLLEKVT ET GZ G3L&LLHIWLÉLLK*LK The rating category wise portfolio of loan assets is reviewed on
LWLG-3L¶LLTB EIKT7Y+TLIPLK*LLT7*; L2LTGZ¶LLTB EIM&LI\LLEIUL3LIH4" quarterly basis to analyze mix of quality of assets etc.
HLZLBGE$L4E B VTLULTG<L&LETM&$L6ÉL&LTB E&LLVEOAGrELTLW*LVL¶LLHRWL 2.1.7 Though the bank has implemented the Standardized Approach
of credit risk, yet the bank shall continue its journey towards
H43L'LLG*LWL63LGKEKT7YWLÉLLGK3LOAGrELTLELTW*LVLVL)LIULKIK<LLUL YL" adopting Internal Rating Based Approaches (IRB). Bank has
$L4EB VTMTML&LL63LKWLÉLLK*LKWLB3LGKEKT7YWLÉLLGK3LOAGrELTL received approval from RBI for adoption of Foundation
*L2WLC;WLK$LI
ELTW*LVLVTHT3LR)LLGK$L4E B MTWVR&LLTOVÈL*3LGE¶LLH4" Internal Rating Based Approach (FIRB) on parallel run basis
w.e.f. 31.03.2013.
WLC;WLK$LIOAGrELTLETG¹¶LL6P¶LVETGZ &LR<¶L*LHZTB GV&VGZG<L3LH4B
Major initiatives taken for implementation of IRB approach are
q EL8K*LLTK7T MT7%ZLMET GZ $L4E B VT &LB.ZPLKG.*L2L8:7OKLTB W'LL;3L_ as under:
WGÉLE3L&LMB)LLPVLWVR&LLVE &L ZC;
ELN*L¶LLTYEK3LTHR $L.T WL4K q For corporate assets class, bank has estimated PD based upon
&LÉ¶L&LEL8K*LLTK7T NÉLLKE3LL; *LK TMT WLÉLLGK3LWVR&LLVZYL¶LLH4"GK7TZ model wise default rates viz. Large Corporate and Mid Corporate
MT7%ZLMETGZ LL3LI¶LM&LKT<LL3LEVIEET^LKLGQG6H3LMUL3LI¶L borrowers using Maximum likelihood estimator (MLE). For
retail asset class, PD is computed for identified homogeneous
*LXZHT3LR*LI.IEIYLVLEIUL3LIH4" pool by using exponential smoothing technique.
q $L4E
B VTNÉLLKE3LL;WLTB EI ZUI.IKT7YY[.T GVELZVTETGZ E3LBL q Bank has also put in place a mechanism to arrive at the LGD
N*LZ$ÉLEKL¶LLH4" ZUI.IKT7YETGZ *LLLÈG3L)LXG3L¶LLTB EI*LHQLV rating grade apart from the default rating of a borrower. The
MRGPÉLLPLKEIUL3LIH4 WL4K<LL3LT &LTB ERZWVR&LLGV3LHLGVÈG3LL3LEI securities eligible for LGD rating are identified facility wise and
MB)LLPVLGPG)L£ÈELKEIMBJLGP;ELTB HT3LRGVÉLL;GK3LMR*LKPLCUKI ZUI.I the total estimated loss percentage in the account is computed
using supervisory LGD percentage prescribed for various types
ÈG3LL3LELÈ¶LLTYEKETEIUL3LIH4" of collaterals and accordingly LGD rating grades are allotted.
q WLB3LGKEKT7YY[.T LTB ETML'L$LLÂKT7Y UTGB M¶LLTB ETY[.T LTB EI&L4*LY q Mapping of internal grades with that of external rating agencies
$L4E
B VTW*LVTWLB3LGKEKT7YY[.T ELTWLB3LGKEKT7Y UTGB M¶LLTB ETY[.T ET grades : Bank has mapped its internal rating grades with that
ML'L&L4*LGE¶LLH4"CMW)¶LLMMTWÈ3¶LLGL3LHLGVWL4K*LI.IWVR&LLV of external rating agencies grades. This exercise will help in
EIYLVL&LTB MHL¶L3LLG&LZTYI" unexpected loss calculation and PD estimation.
q Benchmarking of Cumulative Default Rates: Benchmark values
q MBQ¶LIG.*L2L8:7OKLTB EI$LTQ B &LLEYWLB3LGKEKT7YY[.T ET $LTQ B &LLE;
of cumulative default rates for internal rating grades have been
&LX:¶LLTB EIYLVLETWLB3LGKEKT7YY[.T ETÈELGL3LG.*L2L:7.L7LET calculated based on the published default data of external rating
WLÉLLK*LKEIUL3LIH4"$LTQ B &LLE;&LX:¶LWLB3LGKEKT7YY[.T LTB $LLÂ UTGB M¶LLTB agencies. The benchmark values will be used for monitoring
EIG.*L2L8:7OKLTB WLTK*LI.IP4ÉL3LLETGZ È¶LLTYGE¶LTUL BY"T of cumulative default rates of internal rating grades and PD
validation.
q $L4E
B VT EL8K*LLTK7T WLG-3L PY; ET WB3LY;3L WLVT PLZT GPGL7 L
q Bank has adopted supervisory slotting criteria approach for
M Z
%M*LLTuLKET WÉLIVMR*LKPLCUKI-ZL7Y&LLVOB.OAGrELTL calculation of capital under specialised lending (SL) exposure
W*LVL¶LLH4" falling under corporate asset class.
q $L4E
B VT 0¶LL*LLELULTG<L&LE&LEKVT WL4KMBJLG;PEÈ$LBÉLVVIG3L q Bank has put in place a comprehensive "Credit Risk Mitigation &
N*LZ$ÉLEKLC;H4ULTMRGVG1L3LEK3LIH4GE *L2WLC;WLK$LIOAGrELTLEI Collateral Management Policy", which ensure that requirements
W*LT\LL BGVKB3LKWLÉLLK*LK*LXKIEIUL3LIH4"B of FIRB approach are met on consistent basis.
$LLuLLKULTG<L&L PB3LKZ3LLULTG<L&L 2.2 Market Risk & Liquidity Risk

GVPTLVIG3LELNÎT¶LGPG)L£ULTG<L&LÈ$L6ÉLVN*LL¶LLTBET0¶LL*LEN*L¶LLTY The investment policy covering various aspects of market
MTELTL*LGKQLZVMTUR.TULTG<L&LLTBEL&LX:¶LLBEV PBN6HTB6¶LXV3L&L$LVLVL risk attempts to assess and minimize risks inherent in treasury
128
okf"kZd fjiksVZ
H4"&LR<¶L3L¶LHÈG¹¶LLY3LULTG<L&L>LULTG<L&L>$LLULKULTG<L&L>MBQLZV operations through various risk management tools. Broadly,

ULTG<L&L3L'LLELTL*LGKQLZV&LTB 3LKZ3LLULTG<L&LET È$L6ÉLVHT3LR VIG3LY3L it incorporates policy prescriptions for measuring, monitoring
and managing systemic risk, credit risk, market risk,
N*LL¶LLTBELTWL3&LML3L_EK3LLH4" operational risk and liquidity risk in treasury operations.
ELTLET GPG)L£N3*LLOLTB 3L'LLCMEI0¶LLPMLG¶LEYG3LGPGÉL¶LLTB MT 0¶LR3*L£ 2.2.1 Besides regulatory limits, the bank has put in place internal
$LLULKULTG<L&LETGZ >$L4BEGPGV¶LL&LE!WL63LGKEMI&LLWLTBELGVÉLL;KL limits and ensures adherence thereof on continuous basis
for managing market risk in trading book of the bank and its
WL4KCVEIWVR*LLZVLMRGVG1L3LEK3LLH4"KT7YET N3LLKQLP*LK
business operations. Bank has prescribed entry level barriers,
GV¶LG&L3L GVYKLVI K<LI UL3LI H4" EL¦B7K *LL7I;> N]LTY 3L'LL OTLLTB ET exposure limits, stop loss limits, VaR limit, Duration limits
EL¶L;EZL*LLTBEIMI&LLWLTBELT&LL8GV7KGE¶LLUL3LLH43L'LL\LG3LMI&LLWLTBEI and Risk Tolerance limit for trading book investments. Bank
KLTE>WLTPKVLC7GZG&L7>.TZLC7GZG&L7>M&¶L%WB3LKGZG&L7> EZ is keeping constant track on Migration of Credit Ratings of
WB3LKGZG&L7>GPOTLIGPGV&L¶LHT3LRP4:¶LX T7GK-E PI WLK
>WB3L$L4BE investment portfolio. Limits for exposures to Counter-
Parties, Industry Segments and Countries are monitored. The
ZTVOTV3L'LLGVPTLMI&LLWLGOET&LLÉ¶L&LMTULTG<L&LLTBELTGV¶LBGL3LGE¶LL risks under Forex operations are monitored and controlled
UL3LLH4" through Stop Loss Limits, Overnight limit, Daylight limit,
$L4E
B ET$LLuLLKULTG<L&LÈ$L6ÉLVETGZ CMET*LLMELTL3L'LLWL8G-3LOT¶L3LL Aggregate Gap limit, Individual Gap limit, Value at Risk
(VaR) limit, Inter-Bank dealing and investment limits etc.
È$L6ÉLV Z &LETGZ *LA'LE*LA'LE.T-ELTB MT¶LR%S EG&L.WL8G*L2M
-'LLG*L3LGE¶LLY¶LLH4" 2.2.2 For the Market Risk Management of the bank, Mid-Office with
separate Desks for Treasury & Asset Liability Management
WLG-3LOT¶L3LLÈ$L6ÉLVMG&LG3L :ELT
$L4BEEL$LLuLLKULTG<L&LÈ$L6ÉL (ALM) has been established.
EKVT> 3L3MB$LBÉLI ÈG¹¶LLWLTB> ULTG<L&L È$L6ÉLV> EL¶LL;6P¶LV GPGV¶LL&LELTB 2.2.3 Asset Liability Management Committee (ALCO) is primarily
^LKLULKI&LLY;OLI;GVOT;LLTB>G0LP)LK&LTB0¶LPÃ3LN3²rULTG<L&LÈ$L6ÉLV> responsible for establishing the market risk management
and asset liability management of the bank, procedures
È'LLWLTB 3L'LL WLB3LGKE *L4KL&LI7KLTB> ÈG¹¶LLWLTB> *LG3L¶LLTB!VIG3L¶LLTB ET GZ
thereof, implementing risk management guidelines issued
NºLKOL¶LIH4 WL4KULTG<L&LÈ$L6ÉLVGPPTEIMI&LLWLTB EL*LLZVEK3LIH4" by regulator, best risk management practices followed
WLG-3L OT¶L3LL È$L6ÉLV MG&LG3L ELT <LROKL WGY[&LLTB WL4K U&LL N3*LLOLTB ET globally and ensuring that internal parameters, procedures,
&LX:¶L3L¶LEKVT 3L'LL$LI*LI ZWLK&LTB MBLLTÉLVET MRLPELEL¶L; ML4B*LL practices/policies and risk management prudential limits are
Y¶LLH4" adhered to. ALCO is also entrusted with the job of fixing
Base rate and pricing of advances & deposit products and
ULTG<L&LET GPÈG3LK\LLWL4K!W'LPLNMT E&LEKVT ET GZ VIG3L¶LL suggesting revision of BPLR to Board.
EL¶L;VIG3L$LVLVT 3L'LLNVEIÈ)LLPLIZ3LLEIULQEKVT ET GZ WLG-3L 2.2.4 The policies for hedging and/or mitigating risk and strategies
OT¶L3LLÈ$L6ÉLMG&LG3LEI$L4#ELTB &LTB GPQLKGE¶LLUL3LLH4CMMB$LBÉL&LTB WLG-3L & processes for monitoring the continuing effectiveness of
OT¶L3LLÈ$L6ÉLMG&LG3LETGPQLKLTB WL4KWGVPL¶L;3LLETWLÉLLK*LKÈG3LK\LLET hedges/mitigants are discussed in ALCO and based on views
$LLKT&LTB ELK;PLC;EIYC;H4" taken by /mandates of ALCO, hedge deals are undertaken.
GPG)L£ELZ<LB.LTB &LTB WPGLr*LGK*L%P3LL*LKWLÉLLGK3L$LT&LTZ*LGK*L%P3LLET 2.2.5 Liquidity risk of the bank is assessed through gap analysis
for maturity mismatch based on residual maturity in
GZ WB3LKGPZTLLET&LLÉ¶L&LMT$L4E B EI3LKZ3LLULTG<L&LET&LX:¶LLBEV different time buckets as well as various liquidity ratios
ETML'LML'LGPG)L£3LKZ3LLWVR*LL3LLTB ELTGZ¶LLUL3LLH43L'LLNVETGZ and management of the same is done within the prudential
GVÉLL;GK3LGPPTEIMI&LLWLTB ET )LI3LKCVELÈ$L6ÉLVGE¶LLUL3LLH4"O$LLP limits fixed thereon. Advance techniques such as Stress
*LKI\LL -7M4 7T-7Y
>WVREKL GM&¶LRZT LV
>MBPOT IGPZTLLC3¶LLGO testing, simulation, sensitivity analysis etc. are used on
U4MIWGY[&L3LEVIELTB ET WLÉLLK*LKGV¶LG&L3LWB3LKLZLTB MT GPZTLLGE regular intervals to draw the contingency funding plan
under different liquidity scenarios.
UL3LTH4B 3LLGEGPG)L£3LKZ3LL*LGKOA¶LLTB ETW63LY;3LWLEG-&LEGVGÉL¶LLTB EI
¶LLTUVL3L4¶LLKEIULMET"
2.3 Operational Risk:
*LGKQLZVY3LULTG<L&L
The bank adopts three lines of defense for management
$L4E
B VT*LGKQLZVY3LULTG<L&LETÈ$LBÉLVGZ MRK\LLEI*LBG%S¶LLBW*LVLC;H4"B of operational risk, the first line of defense represented
MRK\LLEI*LHZI*LBG%SELGPG)L£ÈÉLLVEL¶LL;Z¶LÈ)LLYLTB ^LKLÈG3LGVGÉL3P by various HO Divisions which are Control Units (CU),
HLT3LLH4>ULTGV¶LBLLCELC;¶LLB MI¶LX
>ELKLT$LLKCELC;¶LLB $LI¶LX
W'LPLM&L'L;E Business Units (BU) or Support Units (SU); Second line of
CELC;¶LLB M¶LX
H4"B MRK\LLEIG^3LI¶L*LBG%SELÈG3LGVGÉL3P*LGKQLZVY3L defense represented by independent Corporate Operational
Risk Management Function (CORF) being Operational Risk
ULTG<L&LÈ$LBÉLVGP)LLY WLTWLK &L.I
*L&LTB -P3LBLEL8K*LLTK7T *LGKQLZVY3L
Management Department (ORMD) to oversee Operational
ULTG<L&LÈ$LBÉLVEL¶L; MIWLTWLK *L2
^LKL*LGKQLZVULTG<L&LELWPZLTEV Risk Management, and the third lines of defense represented
EKVT ET GZ GE¶LLUL3LLH4 3L'LLMRK\LLEI3LA3LI¶L*LBG%SELÈG3LGVGÉL3P by Inspection & Audit Division/Management Audit Division
GVKI\LL PB WL8G.7 È)LLY!È$LBÉLV WL8G.7 È)LLY WLC; .I! &L WLK.I
(IAD/MARD) which is a challenge function to the first two
^LKLGE¶LLUL3LLH4ULT*LHZIOLTMRK\LL*LBG%S¶LLTB ETGZ QRVL43LI*L2B%LVH4" lines of defense, Operational Risk Management Committee
129
$L4EB ET M&*LXL; *LGKQLZVY3LULTG<L&LÈ$LBÉLVELWPZLTEVEKVT ET GZ (ORMC) headed by CMD with all the EDs and key divisional
$L4EB ET WÉ¶L\L PB È$LBÉLGVOTLEEIWÉ¶L\L3LL&LTB *LGKQLZVY3LULTG<L&L heads as members is the Executive level committee to oversee
the entire operational risk management of the bank. All the
È$LBÉLV MG&LG3L WLT WLK &L MI
YG#3L EI YC; H4 ULT E EL¶L;ELKI operational risk aspects like analysis of historical internal
-3LKI¶LMG&LG3LH4WL4KM)LIEL¶L;*LLZEGVOTLE3L'LLÈ&LR<LÈ)LLYI¶LÈÉLLV loss data (including near miss events, attempted frauds &
CMMG&LG3LETMO-¶LH4"B M)LI*LGKQLZVL3&LEULTG<L&L*LHZXU4MT TG3LHLGME robberies, external loss events), etc. are placed to the ORMC
WLB3LGKEHLGV.L7LC3¶LLGOELGPZTLL )LLPIQXE L7VLWLT>B EIYC; on quarterly basis. Risk Description Charts (RDCs), annual
ÉLLT<LLÉL.IP.E43LI>$LLÂHLGV L7VL B
G3L&LLHIWLÉLLK*LKWLTWLK &LMI Risk & Control Self Assessments (RCSAs), Key Risk Indicators
(KRIs) and Business Environment & Internal Control Factors
ET M&L\LÈ-3LR3LGE¶LLUL3LLH4"$L4E B EIGPGPÉLYG3LGPGÉL¶LLTB WL4K*L2B%LVLTB (BEIFCs) are also used to ascertain the inherent and residual
&LTB GVGH3LWL4KWPGLrULTG<L&LLTB ETGVÉLL;KLETGZ GK-EG.G-¹*LVQL7; risks in various activities and functions of the bank and
WLK.IMI
>PLLEULTG<L&L PB GV¶LBLL-P&LX:¶LLBEV WLKMI M
WL4K initiating necessary corrective actions with respect to
È&LR<L ULTG<L&L MBE3T LELTB ETWLKWLC;
EL )LI È¶LLTY GE¶LL UL3LL H4 WL4K management/mitigation of the operational risks.
*LGKQLZVL3&LEULTG<L&LLTB ET È$LBÉLV!L&LVMT MB$LBGÉL3LWLP¶LEMRÉLLKL3&LE Internal Control is an essential pre-requisite for an efficient
EL¶L;LRGE Y H4"B WLB3LGKEGV¶LBLLERLZELÈ)LLPI*LGKQLZVL3&LE and effective operational risk management. Bank has clearly
laid down policies and procedures to ensure the integrity
ULTG<L&LÈ$LBÉLVEI EWLP¶LE*LXPL;*LT\LLH4"$L4E B VT W*LVT EL¶L;EZL*LLTB
of its operations, appropriateness of operating systems and
EIM3¶L3LL>*LGKQLZVGM-7&LLTB EIN*L¶LR%S3LLWL4KÈ$LBÉLEI¶LVIG3L¶LLTB EI compliance with the management policies. The internal
WVR*LLZVLMRGVG1L3LEKVTETGZ -*LrVIG3L¶LLBWL4KMBGPGÉL¶LLBGVÉLL;GK3LEI controls are supplemented by an effective audit function
H4"B WLB3LGKEGV¶LBLLÈ)LLPIZT<LL*LKI\LLEL¶L; EL*LXKEH4B ULT MBY#VET that independently evaluates the control systems within the
)LI3LKGV¶LBLLÈLLZIEL-P3LBL*LMT&LX:¶LLBEVEK3LLH4" organization.
(ii)&LLLL3&LEÈE7IEKL (ii) Quantitative Disclosures:

(E) LULTG<L&LETGZ *LXUIY3LW*LT\LL B (a) Capital requirements for credit risk:
¼(` G&LGZ¶LV&LTB
(` in million)
31.03.2015 31.03.2014 31.03.2015 31.03.2014
&LLVEOAGrELTLETWÉLIV*LLT7;*L2LTGZ¶LLT 311668.69 328386.20 Portfolios subject to standardised approach 311668.69 328386.20
ÈG3L)LXG3LEKL %M*LLTUK LX6¶L LX6¶L Securitization exposure NIL NIL
<L
$LLuLLKULTG<L&LETGZ *LXBUIY3LW*LT\LL B &LLVEI²3LWPGÉLOAGrELTL (b) The capital requirements for market risk (under standardised
ETWB3L;Y3L
duration approach) :
(` G&LGZ¶LV&LTB
(` in million)
i) $¶LLUOKULTG<L&L 16525.26 18546.14 i) Interest Rate Risk 16525.26 18546.14
ii) GPOTLIGPGV&L¶LULTG<L&L -PL;MGH3L
349.81 240.48 ii) Foreign Exchange Risk (including Gold) 349.81 240.48
iii) CG%P7IULTG<L&L 7428.44 5601.24 iii) Equity Risk 7428.44 5601.24
iv) &LLVEI²3LWPGÉLOAGrELTLETW63LY;3L iv) Total capital charge for market risks 24303.51 24387.86
$LLuLLKULTG<L&LLTBETGZ ERZ*LXUIÈ)LLK 24303.51 24387.86 under Standardised duration approach
(i + ii + iii) (i + ii + iii)
Y
*LGKQLZVY3LULTG<L&LETGZ *LXUIEIWLP¶LE3LL (c) The capital requirement for operational risk:
(` G&LGZ¶LV&LTB
(` in million)
*LGKQLZVY3LULTG<L&LETGZ *LXUIEIWLP¶LE3LL Capital requirement for operational risk 31.03.2015 31.03.2014
(i) $LRGV¶LLOIMXQEOAGrELTL 30095.11 27706.59 (i) Basic indicator approach 30095.11 27706.59
(ii) &LLVEI²3LOAGrELTL ¶LGOZLYXHLT
40695.95 38700.67 ii) The Standardised approach (if applicable) 40695.95 38700.67
L
EL&LV CG%P7I 7I¶LK > 7I¶LK WL4K ERZ *LXBUIY3L WVR*LL3L (d) Common Equity Tier 1, Tier 1 and Total Capital ratios:
Punjab National Bank (Group)
*LBUL$LV4LVZ$L4BE M&LXH
31.03.2015 31.03.2014

9.14 9.00 Common equity Tier 1 Capital ratio (%) 9.14 9.00
EL&LVCG%P7I7I¶LK>*LXU B IY3LWVR*LL3L
$LTMZ"""
(Basel- III)
7I¶LK>*LXBUIY3LWVR*LL3L
$LTMZ"""
9.67 9.32
Tier 1 Capital ratio (%) (Basel- III) 9.67 9.32
7I¶LK>*LXBUIY3LWVR*LL3L
$LTMZ"""
3.23 2.79 Tier 2 Capital ratio (%) (Basel- III) 3.23 2.79
ERZ*LXBUIY3LWVR*LL3L MIWLK WLK

$LTMZ"""
12.89 12.11 Total Capital ratio (CRAR) (%) (Basel- III) 12.89 12.11
130
okf"kZd fjiksVZ
$L4BEEI&LH3P*LXL;WVRLBGY¶LL For Significant Bank Subsidiaries:
WVRLBYIELVL&L EL&LVCGEP7I 7I¶LK>*LXBUIY3L 7I¶LK> ERZ*LXUB IY3L Name of Common Tier 1 Capital Tier 2 Capital Total
7I¶LK>*LXBUIY3L WVR*LL3L
*LXBUIY3L WVR*LL3L subsidiary equity Tier ratio (%) ratio (%) Capital ratio
WVR*LL3L
$LTMZ"""
WVR*LL3L
MIWLK WLK
1 Capital (Basel- III) (Basel- III) (CRAR) (%)
$LTMZ"""
$LTMZ"""

$LTMZ"""
ratio (%) (Basel- III)
(Basel- III)

31.03.2015 31.03.2015 31.03.2015 31.03.2015
*LI V$LIGY:7_M 68.07 68.07 LX6¶L 68.07
GZG&L7T. (49.14) (49.14) LX6¶L (49.14) PNB Gilts Ltd 68.07 68.07 (NA) 68.07
(49.14) (49.14) (NA) (49.14)
*LI V$LIHLNMY 10.52 10.52 3.39 13.91
*L2LCV4BMGZG&L7T. (10.18) (10.18) (2.95) (13.13) PNB Housing 10.52 10.52 3.39 13.91
Finance Ltd (10.18) (10.18) (2.95) (13.13)
*LBUL$L 10.73 10.73 6.01 16.74
V4LVZ$L4BE (11.50) (11.50) (5.92) (17.42) Punjab 10.73 10.73 6.01 16.74
National Bank (11.50) (11.50) (5.92) (17.42)
CB7KV4LVZ
GZ
(International)
*LI V$LIC6PT-7&LTB7 ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB Ltd.
MPMTuLGZG&L7T.
PNB Investment (NA) (NA) (NA) (NA)
.E*LI V$LI$L4BE ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB Services Ltd.
GZG&L7T. Druk PNB Bank (NA) (NA) (NA) (NA)
UT MMI 85.80 85.80 7.37 93.17 Ltd.
M$LI*LI V$LI (94.45) (94.45) (5.64) (100.09)
JSC SB PNB 85.80 85.80 7.37 93.17
EuLLG<L-3LLV Kazakhstan (94.45) (94.45) (5.64) (100.09)
*LI V$LIDIFL ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB PNB Insurance (NA) (NA) (NA) (NA)
D[LTEYÈLGZ Broking Pvt. Ltd.
ELT#ELTB&LTBGO¶LTY¶LTWLBE.TG*L/ZTPL;EIM&LLVWPGÉLMTMB$LBGÉL3LH4B" Figures in brackets relate to previous corresponding period.
7T$LZ.I *L2LULTG<L&LML&LL6¶LÈE7IEKL Table DF- 3: Credit Risk: General Disclosures
(i) YRLL3&LEÈE7IEKL (i) Qualitative Disclosures:

¶LGO GEMI L MRGPÉLL ET W63LY;3L $L4BE ^LKL GVÉLL;GK3L OT¶L G3LG'L 3.1 Any amount due to the bank under any credit facility is overdue
*LKELTC; KLGLQRELC; VHIB UL3LI3LLT PHKLGLWG3LOT¶LHLT3LIH4"CMET if it is not paid on the due date fixed by the bank. Further, an
impaired asset is a loan or an advance where:
WZLPLB>W*LML&LL6¶LWL8G-3L3L$LNÉLLK¶LLWGY[&LHLT3LIH4U$L
i. Interest and/or installment of principal remains overdue
i. GEMIMLPGÉLLETM&$L6ÉL&LTB$¶LLUWL4K!¶LL&LXZÉLVEIGE-3L for a period of more than 90 days in respect of a term
GOVLTBMTWGÉLEWPGÉLETGZ WG3LOT¶LKH3LIH4" loan.
ii. GEMIWLTPK.L¾7!E4L¹TG.7ETM&$L6ÉL&LTBGOVMTWGÉLE ii. The account remains out of order in respect of an overdraft/
cash credit for a period of more than 90 days.
ETGZ <LL3LL#IEVHIBKH3LL"
Account will be treated out of order, if:
<LL3LLNMG-'LG3L&LTB#IEVHIB&LLVLUL¶LTYL¶LGO
q The outstanding balance remains continuously in
q $LEL¶LLLTLMI&LL!WLHKLLG%SMTGVK63LK5¶LLOLKH3LLH4" excess of the limit/drawing power.
q NV&LL&LZLTB&LTBUHL&LXZÉLV*LGKQLZV<LL3LT&LTB$LEL¶LLLTL-PI²3L q In cases where the outstanding balance in the principal
MI&LL!WLHKL LG%S MT E&L H4> GE63LR 3LRZV*LL EI G3LG'L ELT operating account is less than the sanctioned limit/
drawing power, but there are no credits continuously
ZYL3LLKGOVLTBETGZ ELTC;¹TG.7VHIBH4W'LPLNMIWPGÉL
for 90 days as on the date of balance sheet or credits
ET OL4KLV.TG$L7GE ULVT PLZT $¶LLUELT EPKEKVT ET GZ are not enough to cover the interest debited during the
*L¶LL;*3L¹TG.7N*LZ$ÉLVHIBH4" same period.
iii. <LKIOTY WL4K)LRVL Y G$LZLTBET&LL&LZT&LTBG$LZMT5¶LLOL iii. In case of bills purchased & discounted, the bill remains
GOVLTBEIWPGÉLETGZ WG3LOT¶LKH3LLH4" overdue for a period of more than 90 days.
iv.²GLLET &LL&LZT &LTB GE-3L¶LL&LXZÉLV¶LLNM*LK$¶LLUZ LR iv. The installment or principal or interest thereon remains
WPGÉLPLZIOLT*L2MZI&LL4M&LLTBETGZ WG3LOT¶LKH3LLH4WL4KZ&$LI overdue for two crop seasons for short duration and
WPGÉLEI*L2MZLTB ET GZ &LXZÉLVEIGE-3L¶LLNM*LK$¶LLU the installment of principal or interest thereon remains
overdue for one crop season for long duration crops in
E*L2MZI&LL4M&LETGZ WG3LOT¶LKH3LLH4"
case of Agricultural loans.
LULTG<L&LÈ$L6ÉLVETGZ $L4EB ^LKLLWVR&LLTOVÈLGÉLELKI>GPPTEI Credit approving authority, prudential exposure limits,
L MI&LLWLT>B WL4]LTGYE L MI&LLWLT>B L ULTG<L&L KT7Y ÈLLZI> industry exposure limits, credit risk rating system, risk based
131
ULTG<L&LWLÉLLGK3L&LX:¶LV3L'LLLM&LI\LL*LG3L¶LLTB ELT N*LL¶L-P*L pricing and loan review mechanisms are the tools used by the
È¶LLTY&LTB ZL¶LLUL3LLH4"$L4EEILÈ$L6ÉLV3L'LLULTG<L&LVIG3L&LTB bank for credit risk management. All these tools have been
CVM)LIN*LL¶LLTB ELNkT<LGE¶LLY¶LLH4"M&LGr-3LK*LKOT<LTB 3LLT VIG3L defined in the Credit Management & Risk Policy of the bank.
M&$L6ÉLIO-3LLPTU$L4E B ET OAG7ELTLELT M&LVT>&LL*LVT WL4K0¶LPG-'L3L At the macro level, policy document is an embodiment of
EKVTEL E TMLMLÉLVH4GUMMTLM&$L6ÉLIULTG<L&LLTB ELMBQLZV the Bank’s approach to understand, measure and manage the
credit risk and aims at ensuring sustained growth of healthy
GE¶LLULME3LLH4WL4K¶LHMRGVG1L3LGE¶LLULME3LLH4GELOTVT
loan portfolio while dispensing the credit and managing the
WL4KULTG<L&LELÈ$L6ÉLEKVTETM&L¶LL*LLT7*; L2LTGZ¶LLTELT-P-'LK<LL
risk. Credit risk is measured through sophisticated models,
ULME3LLH4"È3¶LTELIETLULTG<L&LELT TMT VLURE&LL8.ZLTB ET which are regularly tested for their predictive ability as per
&LLÉ¶L&LMTVL*LLUL3LLH4GUVETWLÉLLK*LKGV¶LG&L3L*LMT*LKI\LLEK3LT best practices.
HR LGPLTLEI)LLPIG-'LG3LELWBOLULZYL¶LLULME3LLH4"
(ii) FLLL3FEÈE7IEKL (ii) Quantitative Disclosures:
E
ERZMEZLULTG<L&L %M*LLTuLK (a) The total gross credit risk exposures:
(`G&LGZ¶LV&LTB
(` in million)
+TLI Category 31.03.2015 31.03.2014
Fund Based 4165807.43 3769757.52
GVGÉLWLÉLLGK3L 4165807.43 3769757.52
Non Fund Based 853801.20 842162.88
Y4KGVGÉLWLÉLLGK3L 853801.20 842162.88
(b) The geographic distribution of exposures:
<L
LLTBEL)LL4YLTGZEMBGP3LKL %M*LLTuLK
(`G&LGZ¶LV&LTB
(` in million)
+TLI GPOTL&LTB LKTZX Category Overseas Domestic
31.03.2015 31.03.2015
GVGÉLWLÉLLGK3L 584831.90 3580975.54 Fund Based 584831.90 3580975.54
Y4KGVGÉLWLÉLLGK3L 689283.23 164517.97 Non-fund based 689283.23 164517.97
Y
(c)
(i) LLTBELN]LTYPLKMBGP3LKL GVGÉLWLÉLLGK3L

GV&VP3L_H4 (i) Industry type distribution of exposures (Fund Based) is as
under:
(`G&LGZ¶LV&LTB
(` in million)
N]LTYELVL&L Industry Name
E<LVVWL4KN3<LVV EE
A. Mining and Quarrying (A.1 + A.2)
A.1 Coal 14865.51
EELT¶LZL 14865.51
E<LVV 1718.81 A.2 Mining 1718.81
B. Food Processing (B.1 to B.4)
<LQIVI 68790.87 B.1 Sugar 68790.87

<LQL¶L 45.23 B.3 Tea 45.23
<LW6¶L 126187.54
B.4 Others 126187.54
L74%M7LCZ EMTY
D. Textiles (a to c)
EEL7V 37386.60 a. Cotton 37386.60
<LUX7 1539.36 b. Jute 1539.36
YW6¶L 75977.45 c. Others 75977.45
QZE.IWL4KZE.IN3*LLO 3461.00
F. Wood and Wood Products 3461.00
U*L47L GT Z¶L&L VL8V C6»L
ELTZL N3JLO Y4K <LVV
WL4K 19874.82 H. Petroleum (non-infra), Coal Products (non-mining) 19874.82
*LK&LLLRC;ÉB LV and Nuclear Fuels
KML¶LVWL4KKML¶LVN3*LLO .LC;>*LT7B >C3¶LLGO
MT
I. Chemicals and Chemical Products (Dyes, Paints,
etc.) (I.1 to I.4)
132
okf"kZd fjiksVZ

.Y PB*L2&LL;MXG7E:M 26951.26 I.2 Drugs and Pharmaceuticals 26951.26
W6¶L 22507.57 I.4 Others 22507.57

M. Basic Metal and Metal Products (M.1 + M.2)
N. All Engineering (N.1 + N.2)
W6¶L 20278.88 N.2 Others 20278.88
LPLHV>PLHVET*LL7;WL4K*LGKPHVN*LEKL 10359.48 O. Vehicles, Vehicle Parts and Transport Equipments 10359.48

OC6»L-7cK EMTQ
R. Infrastructure (a to F)
E¦UL; 371085.90 a. Energy 371085.90
<LGDUZI 0.00 b. Power 0.00
Y*LGKPHV 131611.20 c. Transport 131611.20
LM.EWL4KJLT7; 5770.96 d. Road & Port 5770.96

.MBQLK 60295.89 e. Communication 60295.89
QW6¶L 81316.40 f. Others 81316.40
VM&L-3LN]LTY EMTÉL
1892000.20 T. All Industries (A to S) 1892000.20
PTN]LTYGUVELMEZGVGÉLWLÉLLGK3L %M*LLTuLK*L2B.WLÉLLGK3L %M*LLTUK Industry where fund- based exposure is more than 5% of gross
MTMTWGÉLEH4 fund based exposure:
¹MB N]LTYELVL&L KLGL S.No. Industry Name Amount
1 <LL]ÈMB-EKL 209397.96 1 Food Processing 209397.96
2 $LRGV¶LLOIÉLL3LR PBÉLL3LRN3*LLO 254667.02 2 Basic Metal and Metal Products 254667.02
3 C6»L-7%QK 1192740.35 3 Infrastructure 1192740.35
(ii) N]LTY ET -P*L ET WVRMLK %M*LLTuLK EL MBGP3LKL Y4K GVGÉL (ii) Industry type distribution of exposures (Non Fund Based) is
WLÉLLGK3L
GV&VP3L_H4 as under:
(`G&LGZ¶LV&LTB
(` in million)
N]LTYELVL&L Industry Name
E<LVVWL4KN3<LVV EE
A. Mining and Quarrying (A.1 + A.2)
EELT¶LZL 1720.10 A.1 Coal 1720.10
E<LVV 27651.09 A.2 Mining 27651.09

B. Food Processing (B.1 to B.4)
<LQIVI 2138.39 B.1 Sugar 2138.39
<LQL¶L 0 B.3 Tea 0
133
<LW6¶L 7720.08 B.4 Others 7720.08
L74%M7LCZ EMTY
D. Textiles (a to c)
EEL7V 5770.42 a. Cotton 5770.42
<LUX7 181.60 b. Jute 181.60
YW6¶L 6191.30 c. Others 6191.30
U*L47L GT Z¶L&L VL8VC6»L

ELTZLN3JLO Y4K<LVV
WL4K*LK&LLLRC;ÉB LV 9153.83 H. Petroleum (non-infra), Coal Products (non-mining) 9153.83
and Nuclear Fuels
MT
(I.1 to I.4)
.9M PB*L2&LL;MXG7E:M 1450.38 I.2 Drugs and Pharmaceuticals 1450.38
W6¶L 698.75 I.4 Others 698.75
M. Basic Metal and Metal Products (M.1 + M.2)
N. All Engineering (N.1 + N.2)
W6¶L 22995.34 N.2 Others 22995.34

O. Vehicles, Vehicle Parts and Transport Equipments 1498.59
LPLHV>PLHVET*LL7;WL4K*LGKPHVN*LEKL 1498.59
OC6»L-7%QK EMTQ
R. Infrastructure (a to f)
E¦UL; 0.00 a. Energy 0.00
<LGDUZI 56075.20 b. Power 56075.20
Y*LGKPHV 0 c. Transport 0
LM.EWL4KJLT7; 8362.40 d. Road & Port 8362.40

.MBQLK 24579.50 e. Communication 24579.50
QW6¶L 4785.43 f. Others 4785.43

VM&L-3LN]LTY EMTÉL
369678.10 T All Industries (A to S) 369678.10

PT N]LTYGUVELY4KGVGÉLWLÉLLGKS %M*LLTUK>M&L\LY4KGVGÉLWLÉLLGKS Industry where non- fund based exposure is more than 5% of gross
%M*LLTuLKMTMTWGÉLEH4 non-fund based exposure:
¹MB N]LTYELVL&L KLGL S.No. Industry Name Amount

1 $LRGV¶LLOIÉLL3LR PBÉLL3LRN3*LLO 128837.17 1 Basic Metal & Metal Products 128837.17
2 C6»L-7%QK 93802.50 2 Infrastructure 93802.50
134
okf"kZd fjiksVZ
L
WL8G-3L¶LLTB ELWPGLrMBGPOLY3L*LGK*L%P3LLD[E
T .LNVGV&VP3LH4 (d) The residual contractual maturity break down of assets is:
(`G&LGZ¶LV&LTB
(` in million)
WGY[&L* GVPTL GPOTLI&LRÇL Maturity Pattern Advances* Investments Foreign
*LGK*L%P3LLEIGPGÉL
MEZ
WL8G-3L¶LLB* (Gross) Currency Assets*
WLYL&LIGOV 298842.42 5.34 47971.33 Next day 298842.42 5.34 47971.33
(289016.09) (12459.03) (23794.84) (289016.09) (12459.03) (23794.84)
GOVGOV 64397.35 41782.13 41873.49 2 - 7 days 64397.35 41782.13 41873.49
(89317.52) (36539.45) (28850.62) (89317.52) (36539.45) (28850.62)
GOV 56041.24 4316.50 27092.95 8 -14 days 56041.24 4316.50 27092.95
(75027.87) (1663.63) (10937.20) (75027.87) (1663.63) (10937.20)
MTGOV 76987.37 11891.50 53131.89 15- 28 days 76987.37 11891.50 53131.89
(80952.47) (5351.87) (51064.67) (80952.47) (5351.87) (51064.67)
GOVMT&LLH 237560.06 47002.06 177725.59 29days - 3months 237560.06 47002.06 177725.59
(250225.36) (49350.83) (215276.67) (250225.36) (49350.83) (215276.67)
> &LLHMT&LLH3LE 246521.97 23826.97 261700.22 >3months-6months 246521.97 23826.97 261700.22
(160067.89) (13769.65) (153060.17) (160067.89) (13769.65) (153060.17)
> &LLHMTPL;3LE 305814.56 24732.83 171198.93 >6months-1yr 305814.56 24732.83 171198.93
(346013.06) (77584.73) (154758.20) (346013.06) (77584.73) (154758.20)
> PL;MTPL;3LE 1959775.08 199943.95 122743.12 >1yr-3yrs 1959775.08 199943.95 122743.12
(1728600.83) (193691.31) (115885.24) (1728600.83) (193691.31) (115885.24)
> PL;MTPL;3LE 359571.10 236370.13 39886.20 >3yrs-5yrs 359571.10 236370.13 39886.20
(292368.44) (236885.33) (29132.90) (292368.44) (236885.33) (29132.90)
> PL; 468745.63 1003565.31 20307.59 >5yrs 468745.63 1003565.31 20307.59
(379196.71) (898871.78) (5445.42) (379196.71) (898871.78) (5445.42)
ULT. 4074256.78 1593436.71 963631.31 Total 4074256.78 1593436.71 963631.31
(3690786.25) (1526167.62) (788205.91) (3690786.25) (1526167.62) (788205.91)
* ELT#ELTB&LTBGO¶LTY¶LTWLBE.TG*L/ZTPL;M&LLVWPGÉLMTMB$LBGÉL3LH4 * Figures are shown on net basis. Figures in brackets relate to previous
corresponding year.
.
MEZ V*LI GV&VPSH4 (e) The gross NPAs are:
` G&LGZ¶LV&LTB
(` in million)
+TLI Category 31.03.2015 31.03.2014
WP&LLVE 127526.82 75977.37 Sub Standard 127526.82 75977.37
MBGO9ÉL 62804.93 64839.27 Doubtful – 1 62804.93 64839.27
MBGO9ÉL 55392.81 32790.41 Doubtful – 2 55392.81 32790.41
MBGO9ÉL 12218.96 11432.86 Doubtful – 3 12218.96 11432.86
HLGV 8806.73 8834.02 Loss 8806.73 8834.02
ERZ V*LI MEZ
266750.25 193873.94 Total NPAs (Gross) 266750.25 193873.94
Q
LR V*LI EIKLGLGV&VGZG<L3LH4 (f) The amount of Net NPAs is:
` G&LGZ¶LV&LTB
(` in million)
LR V*LI 159569.94 101815.85 Net NPA 159569.94 101815.85
/
V*LI ETWVR*LL3LGV&VÈELKH4B (g) The NPA Ratios are as under:
` G&LGZ¶LV&LTB
(` in million)
V*LI WVR*LL3L NPA Ratios 31.03.2015 31.03.2014
MEZWGY[&LLTBEI3LRZVL&LTBMEZ V*LI 6.35 5.10 % of Gross NPAs to Gross Advances 6.35 5.10
LRWGY[&LLTBEI3LRZVL&LTBLR V*LI 3.92 2.77 % of Net NPAs to Net Advances 3.92 2.77
U
MEZ V*LI EL L7$LGV&VÈELKH4 (h) The movement of gross NPAs is as under:
` G&LGZ¶LV&LTB
(` in million)
MEZ V*LI EL L7$L Movement of gross NPAs 31.03.2015 31.03.2014
i)PL;ETÈLK&)L&LTBWLKG&)LELTL 198607.33 137395.46 i) Opening Balance at the beginning of 198607.33 137395.46
the year
135
ii) PL;ETOL4KLVPAG 168994.90 110701.58 ii) Addition during the period 168994.90 110701.58
iii) Reduction during the period 100852.00 54223.10
iii)PL;ETOL4KLVE&LI 100852.00 54223.10
iv) Closing Balance as at the end of the 266750.24 193873.94
iv) PL;ETWB3L&LTBCG3LLTL(i + ii - iii) 266750.24 193873.94 period (i + ii - iii)
(i) The movement of provision for NPAs is as under:

V*LI ETGZ ÈLPÉLLVEL L7$LGV&VÈELKH4
`G&LGZ¶LV&LTB
(` in million)
V*LI ETGZ ÈLPÉLLVEL L7$L Movement of provision for NPAs 31.03.2015 31.03.2014
i)PL;ETÈLK&)L&LTBWLKG&)LELTL 90116.51 62148.24 i) Opening Balance at the beginning of the period 90116.51 62148.24
ii)PL;ETOL4KLVGE Y ÈLPÉLLV 94850.51 55083.18 ii) Provisions made during the period 94850.51 55083.18
iii)PL;ETOL4KLV$L7_7T<LL3LT.LZTY 2632.60 1252.83 iii) Write-off made during the period 2632.60 1252.83
iv) Write –back of excess provisions made 80142.41 26179.63
iv)PL;ETOL4KLVGE Y WG3LGK%SÈLPÉLLVLTB 80142.41 26179.63 during the period
EIÈG3LZT<LV0¶LP-'LL v) Closing Balance as at the end of the period 102192.01 89798.96
102192.01 89798.96 (i + ii - iii-iv)
¸L
Y4KGV*LLOEGVPTLEIKLGL (j) The amount of non-performing investment is:
` G&LGZ¶LV&LTB
(` in million)
Y4KGV*LLOEGVPTLEIKLGL 3154.29 1664.92 Amount of non-performing investment 3154.29 1664.92
7
Y4KGV*LLOEGVPTLETÈLPÉLLVHT3LRK<LIY¶LIKLGL (k) The amount of provisions held for non-performing investment is:
` G&LGZ¶LVFTB
(` in million)
2680.79 1632.47 Amount of provision held for 2680.79 1632.47
Y4KGV*LLGOEGVPTLETÈLPÉLLVEIKLGL
non-performing investment
#
GVPTL*LKÀLMETGZ¶LTÈLPÉLLVLTBET L7$LEIG-'LG3L (l) The movement of provisions for depreciation on investments is:
` G&LGZ¶LV&LTB
(` in million)
GVPTL*LKÀLMETGZ¶LTÈLPÉLLVLTBET L7$LEI Movement of provisions for depreciation 31.03.2015 31.03.2014
G-'LG3L on investments
i) Opening balance at the beginning of 12065.40 5138.74
i) PL;ETÈLK&)L&LTBWLKG&)LELTL 12065.40 5138.74
the year
ii) PL;ETOL4KLVGE Y ÈLPÉLLV 34.18 7064.72 ii) Provisions made during the period 34.18 7064.72
iii) PL;ETOL4KLV$L7_7T<LL3LT.LZTY 25.03 LX6 iii) Write-off made during the period 25.03 NIL
iv) Write-back of excess provisions made 5856.00 65.55
iv) PL;ETOL4KLVGE Y WG3LGK%SÈLPÉLLVLTBEL 5856.00 65.55
during the period
ÈG3LZT<LVEKVL
v) Closing balance as at the end of the 6218.55 12137.92
v) PL;ETWB3L&LTBCG3LLTL i + ii –iii-iv
6218.55 12137.92 period (i + ii –iii-iv)
7T$LZ .I *L2 L ULTG<L&L &LLVE OAGrELTL ET WÉ¶LLÉLIV Table DF-4 - Credit Risk: Disclosures for Portfolios Subject to the
*LLT7;*L2LTGZ¶LLTETGZ J[E7IEKL Standardized Approach
$L4BEVT)LLK3LI¶LGKuLP;$L4BE^LKLGV&VGZG<L3LQ¶LGV3L LKTZX¹TG.7KT7Y 4.1 Bank has approved the following six domestic credit rating
UTBGM¶LLTBELTWVR&LLTGO3LGE¶LLH43LLGELULTG<L&LET&LLVEOAGrELTL agencies accredited by RBI for mapping its exposure with
domestic borrowers under standardized approach of credit
ETW63LY;3L LKTZXGL¶LLTBETÈG3L$L4BEETULTG<L&LELT&LL*LLULMET
risk.
- GD[EPE; - Brickwork
- ET¶LK - CARE
- G¹GMZ - CRISIL
- WLC;MIWLK - ICRA
136
okf"kZd fjiksVZ
- CBG.¶LLKT79M - India Ratings
- MFTKL - SMERA
$L4BEVT GPOTLG-'L3LGL¶LLTB ET LLTB ET M&$L6ÉL&LTB )LLK3LI¶LGKUP; Bank has also approved the following three international credit
$L4BE^LKL&LL6¶LGV&VGZG<L3LW63LKL;rI¶LL&LX:¶LLEV UTBGM¶LLTBELT rating agencies accredited by RBI in respect of exposure with
overseas borrowers.
)LIWVR&LLTGO3LGE¶LLH4
- FITCH
- G*L2Q
- Moody’s
- &LX.IuL
- Standard & Poor
- -74..; B.*LXWK
These agencies are being used for rating (Long Term & Short
GVGÉLWLÉLLGK3L!Y4KGVGÉLWLÉLLGK3L OI LL;PGÉLWL4KW:*LLPGÉL
L
Term) of fund based/ non fund based facilities provided by the
MRGPÉLLWLTBET&LX:¶LLBEVETGZ CV UTBGM¶LLTBEIMTPL BZIUL3LIH4B" bank to the borrowers. The bank uses solicited rating from the
CVQRVIY¶LIL&LX:¶LLEV UTBGM¶LLTB MT ÈL*3L&LX:¶LLEVLTB EL$L4BE chosen credit rating agencies.
^LKLÈ¶LLTYGE¶LLUL3LLH4"
The ratings available in public domain are mapped according
*LG$ZE.LT&LTV&LTBN*LZ$ÉLKT7YELTCMGPL¶L*LK)LLK3LI¶LGKuLP;$L4BE to mapping process as envisaged in RBI guidelines on the
^LKLULKI&LLY;GVOT;LLTBETWVRMLKÈ¶LLTYGE¶LLUL3LLH4" subject.
(ii) FLLL3FEÈE7IEKL (ii) Quantitative Disclosures :

&LLVE OAGrELTL ET WÉ¶LLÉLIV ULTG<L&L E&L EKVT ET $LLO For exposure amounts after risk mitigation subject to the
%M*LLTUKKLGLHT3LR3LIV&LR<¶LULTG<L&LPYLT&LTB$L4BEEL$LEL¶LL standardised approach, amount of a bank’s outstandings (rated
KT7T. WL4K WVKT7T.
ET ML'LML'L GU6HTB L7L¶LL Y¶LL H4> and unrated) in the following three major risk buckets as well
as those that are deducted are as under:
GV&VP3LH4
` G&LGZ¶LVFTB
(` in million)
i) Below 100% risk weight exposure 2390252.20 1895791.91
i)100%MTE&LULTG<L&L)LLK$LEL¶LL 2390252.20 1895791.91 outstanding
ii) 100%ULTG<L&L)LLK$LEL¶LL 1679125.19 1802936.79 ii) 100% risk weight exposure outstanding 1679125.19 1802936.79
iii) More than 100% risk weight exposure 903113.79 854139.54
iii) 100%5¶LLOLULTG<L&L)LLK$LEL¶LL 903113.79 854139.54
outstanding
iv)E7L43LI LX6 15971.17 iv) Deducted NIL 15971.17
7T$LZ.I *L2LULTG<L&LE&LEKVL&LLVEI²3LOAGrELTLET Table DF-5: Credit Risk Mitigation: Disclosures for Standardized
GZ ÈE7IEKL Approaches
(i) Qualitative Disclosures:

(i) YRLL3&LEÈE7IEKL
$L4BEVTGVOTLE&L.Z^LKLWVR&LLTGO3L?LULTG<L&L6¶LXVIEKL3L'LL 5.1 Bank has put in place Board approved ‘Credit Risk Mitigation
MB*LLG;PEÈ$L6ÉLVVIG3LZLYXEIH4GUM&LTBW6¶L$LL3LLTBETML'LML'L and Collateral Management Policy’ which, interalia, covers
GPºLI¶L MB*LLG;PELTB MGH3L GPG)L£ MB*LLG;PELTB M&$L6ÉLI VIG3L¶LL WL4K policies and processes for various collaterals including financial
collaterals and netting of on and off balance sheet exposure.
3LRZV*LLETGVÉLL;KLEIÈG¹¶LL)LILLG&LZH4"
However, the bank is not making use of the on-balance sheet
$L4BE^LKLML&LL6¶L3LL4KMTULTG<L&LE&LEKVTHT3LR &LLVEOAGrELTLET netting in its capital calculation process.
W63LY;3L*LXUIEIYLVLET GZ
È¶LR%SGE ULVT PLZT MB*LLG;PELTB
&LTB GPºLI¶L MB*LLG;PE W'LL;3L_ $L4BE U&LL KLGL¶LL> MKELKI! *LLT-7Z 5.2. The collaterals used by the Bank as risk mitigant comprise
of the financial collaterals (i.e. bank deposits, govt./postal
ÈG3L)LXG3L¶LL>UIPV$LI&LL*LL8GZGM¶LL>-PL; UTPKL3L>&¶LXQRWZ*L2B.LTB ET
securities, life policies, gold jewelry, units of mutual funds
¶LXGV7C3¶LLGO
>GPG)L£+TGL¶LLTBEIQZ PBWQZ*LGKM&*LGºL¶LL!)LXG&L etc.). A detailed process of calculation of correct valuation
MB*LGºL¶LL C3¶LLGO H4B" N*L¶LR%S ML8¾7PT¶LK 3L4¶LLK EKET NV MB*LLG;PE and application of haircut thereon has been put in place by
ÈG3L)LXG3L¶LLTB ET MHI&LX:¶LLBEVEIYLVLET GZ EGP-3LA3LÈG¹¶LL developing suitable software.
$LVLC;YC;H4"
137
*LXUIM&$L6ÉLIWLP¶LE3LLWLTB EIYLVLET GZ $L4BE TMIYLKBG7¶LL 5.3. Guarantees, which are direct, explicit, irrevocable and
ZT3LLH4ULTÈ3¶L\L>-*Lr>WÈG3LOT¶LWL4KL3L;KGH3LHLTB"*LXUIEIYLVL unconditional, are taken into consideration by Bank for
calculating capital requirement. Use of such guarantees for
ET GZ TMIYLKBG7¶LLTB ELN*L¶LLTYCMMB$LBÉL&LTB *LXKI3LKHMT )LLK3LI¶L
capital calculation purposes is strictly as per RBI guidelines on
GKuLP;$L4BEET&LLY;GVOT;LLTBETWVRMLKGE¶LLUL3LLH4" the subject.
$L4BE^LKLZIYC;WGÉLELBLGPºLI¶LMB*LLG;PEÈG3L)LXG3L¶LL¶LL3LLT$L4BEEI 5.4. Majority of financial collaterals held by the Bank is by way of
W*LVIU&LLKLGL¶LLBHLT3LIH4BW'LPLMKELKIÈG3L)LXG3L¶LLHLT3LIH4BGUVEI own deposits and government securities, which do not have
PMXZI&LTBELTC;M&L-¶LLVHIBHLT3LI"CMÈELKMB*LLG;PEÈG3L)LXG3L¶LLEI any issue in realization. As such, there is no risk concentration
on account of nature of collaterals.
GE-&LETELKLELTC;ULTG<L&LVHIBHLT3LL"
(ii) FLLL3FEÈE7IEKL (ii) Quantitative Disclosures
`G&LGZ¶LV&LTB
(` in million)
31.03.2015 31.03.2014

E
WZYMTÈE7GE Y È3¶LTELULTG<L&L*LLT7*; L2LTGZ¶LLT 408276.46 340067.83 a) For each separately disclosed credit 408276.46 340067.83
risk portfolio, the total exposure (after,
ETGZ ERZULTG<L&L UHLZLYXHLTNMET$LLO3LRZV*LL
where applicable, on or off balance
ETM&LLÉLLVET*LXP; W'LPL*L1LL3L_
ULTE7L43LIET$LLO sheet netting) that is covered by eligible
*LLLGPºLI¶LMB*LLG;PEKLGL^LKLÈG3L)LX3LH4" financial collateral after the application
of haircuts.
<L
WZYMTÈE7GE Y È3¶LTELULTG<L&L*LLT7*; L2LTGZ¶LLT 136983.60 137298.76 b) For each separately disclosed, the total 136983.60 137298.76
ETGZ ERZULTG<L&L UHLZLYXHLTNMET$LLO3LRZV*LL exposure (after, where applicable,
ETM&LLÉLLVET*LXP; W'LPL*L1LL3L_
ULTE7L43LIET$LLO on or off balance sheet netting)
YLKBG7¶LLT!B L.TGKPTG7PLTB ^LKLÈG3L)LX3LH4 UHL-*Lr*L that is covered by guarantees/credit
derivatives (wherever specifically
MT)LLK3LI¶LGKuLP;$L4E
B ^LKLWVR&LG3LOIY¶LIHLT
"
permitted by RBI)
7T$LZ.I *L2ÈG3L)LXG3LEKL&LLVEOAGrELTLELÈE7IEKL Table DF-6 :Securitisation Exposures: Disclosure for Standardised

Approach
$L4BE!MFXHELELTC;ÈG3L)LXG3LEKLLULTG<L&LVHIBH4"
Bank/Group does not have any securitization exposure.
7T$LZ.I *L27T.Y$LRE&LTB$LLuLLKULTG<L&L
Table DF-7: Market Risk in Trading Book
(i) YRLL3&LEÈE7IEKL
(i) Qualitative Disclosures:
)LLK3LI¶L GKuLP; $L4BE ^LKL GVÉLL;GK3L &LLVEI²3L &LL*LV *LG3L WPGÉL 7.1 RBI prescribed Standardized Measurement Method (duration
WLÉLLGK3L
ELT $L4BEVT $LLuLLKULTG<L&LET *LXUIÈ)LLKEIYLVLET based) for computation of capital charge for market risk
GZ W*LVLGZ¶LLH4")LLK3LI¶LGKuLP; $L4BEET &LLY;GVOT;LLTB ET WVRMLK has been adopted by Bank. Being fully compliant with
&LLVEI²3L &LL*LV *LG3L EL *LXL;*LTL *LLZV EK3LT HR OAGrELTL Standardized Measurement Method as per RBI guidelines, now
WLÉLLGK3LULTG<L&L&LX:¶L PI WLK
&LL8.ZETGZ 3L4¶LLKEKKHLH4 Bank is preparing for the Internal Model Approach (Advanced
GUMETEL¶LL;6P¶LVEI3L4¶LLKIQZKHIH4" Approach on Market risk) based on Value at Risk (VaR) model,
which is under implementation.
(ii) &LLLL3&LEÈE7IEKL (ii) Quantitative Disclosures:
$LLuLLKULTG<L&LETGZ *LXBUIY3LW*LT\LL BGV&VLVRMLKH4B The capital requirements for market risk are as under:
` G&LGZ¶LV&LTB
(` in million)
i) $¶LLUOKULTG<L&L 16525.26 18160.57 i) Interest Rate Risk 16525.26 18160.57
ii) Equity Risk 7428.44 5593.88

i) CG%P7IULTG<L&L 7428.44 5593.88
iii) Foreign Exchange Risk (including 349.81 263.28
iii) GPOTLIGPGV&L¶LULTG<L&L -PL;MGH3L
349.81 263.28 Gold )
24303.51 24017.73 iv) Total capital charge for market 24303.51 24017.73
iv) &LLVEI²3LWPGÉLOAGrELTLETW63LY;3L$LLULK risks under Standardised duration
ULTG<L&LLTBETGZ ERZ*LXUIÈ)LLK(i+ii+iii) approach (i+ii+iii)
138
okf"kZd fjiksVZ
7T$LZ.I *L2*LGKQLZVY3LULTG<L&L Table DF-8: Operational Risk

)LLK3LI¶LGKuLP; $L4BEET GOLLGVOT;LLVRMLK$L4BE&LXZMBET3LEOAGrELTL 8.1 As per RBI directives, the bank has been maintaining capital
$LIWLC;
ETW63LY;3LMT*LGKQLZVY3LULTG<L&LETGZ for operational risk under Basic Indicator approach (BIA) w.e.f.
*LXUIELK<LK<LLPEKKHLH4"$LIWLC; ETWVRMLKEI 31.03.2008. The capital requirement as per BIA is `2945.64
crores as on 31.03.2015.
G-'LG3LETWVRMLK*LXBUIY3LW*LT\LL*L¶LTEKLT.H4"
$L4E
B VTWYZTN£3LOAGrELTLW'LL;3L_&LLVEI²3LOAGrELTLEKVTETGZ Bank had applied to RBI for migration to the next advanced
&LLC;YT[ LVHT3LR)LLK3LI¶LGKuLP;$L4E
B ELTWLPTOVGE¶LL'LLWL4K)LLK3LI¶LGKuLP; approach viz."The Standardized Approach (TSA) and RBI
had permitted parallel run of TSA advising bank to continue
$L4E
B VT$LIWLC; ETWB3LY;3L7I M ELTWBG3L&LWVR&LG3LOTVT 3LE*LXU B IÈ)LLK
to maintain capital charge under BIA till such time final
ELT.I M ELTM&LLVLB3LKQZLVTEIWVR&LG3LOI'LI"ELT permission is granted by them for TSA. The capital requirement
7I M ETWVRMLKÈKLT. EI*LXU B IW*LTG\L3LH4" as per TSA is Rs. 2886.34 Crores as on 31.03.2015.
7T$LZ.I *L2$L4B EY$LRE&LTB $¶LLUOKULTG<L&L WLC;WLKWLK$LI$LI

Table DF-9: Interest Rate Risk in the Banking Book (IRRBB)
$¶LLU OK ULTG<L&L> MBPTOVLIZ WL8G-3L¶LLTB EI OK WL4K MBPTOVLIZ 9.1 The interest rate risk arises due to fluctuating interest rates
OT¶L3LLWLTB EI OK *LK $¶LLU OKLTB ET WB3LK ET ELKL HLT3LL H4" )LLGK on rate sensitive assets and rate sensitive liabilities. For
$L4BEET GOLLGVOT;LLTB ET WVRMLK7T.Y$LREWL4K$L4BEY$LREOLTVLTB earning perspective Traditional Gap Analysis (TGA) and for
ETGZ $¶LLUOKULTG<L&LELGVÉLL;KL&LLGMEWB3LKLZLTB*LKWU;VET economic value perspective Duration Gap Analysis (DGA)
*LGKÈT\¶L&LTB*LKB*LKLY3LWB3LKGPZTLL 7IUI
WL4KWL'LE&LX:¶LET is carried out to assess the interest rate risk at monthly
*LGKÈT\¶L&LTB WPGÉLWB3LKLZGPZTLL .IUI
ET &LLÉ¶L&LMT GE¶LL intervals on both trading book and banking book, as per
UL3LLH4" Z &LVIG3LET WVRMLK$L4BEET GZ GVPZ$¶LLUWL¶L RBI guidelines. As per ALM Policy, prudential limits have
VWLC;WLC;
>GVPZ$¶LLU&LLUV VWLC; &L
>6¶LXV3L&LWLKWLT PB been fixed for impact on Net Interest Income (NII), Net
6¶LXV3L&LWPGÉLWB3LKLZ*LKÈ)LLPETGZ GPPTE*LXL;MI&LL BGVÉLL;GK3L Interest Margin (NIM), minimum ROA & minimum duration
EIYC; H4"CMET WG3LGK%S>WL8G-3L¶LLTB 3L'LLOT¶L3LLWLTB OLTVLTB ET GPG)L£ gap for the bank. Moreover behavioral studies are also
Y4K*LGK*L%P3LLN3*LLOLTB ET WG-'LKWL4KG-'LK)LLYLTB ELGVÉLL;KLEKVT being done for assessing and apportioning volatile and core
ET GZ NVEIÈPAGºL¶LLTB ELWÉ¶L¶LVGE¶LLUL3LLH4"WL8G-3L¶LLTB 3L'LL portion of various non-maturity products of both assets and
OT¶L3LLWLTB OLTVLTB ET WG-'LK PB G-'LK)LLYLTB ELGVÉLL;KLEKVT ET GZ liabilities.
NVEIÈPAGºL¶LLTBELWÉ¶L¶LVGE¶LLUL3LLH4"
(ii) &LLLL3&LEÈE7IEKL (ii) Quantitative Disclosures :
J[R%S3LKIETGV&VPSH4 The tools used are:

WU;VOAGrELTL $¶LLUOKMBPTOVLIZ3LLGVPZW63LK
Earning Approach – (Interest rate sensitivity Statement- Net Gaps)
3LLGZEL$¶LLUOKMBPTOVLIZ3LLGVPZW63LK Table 1: Interest rate sensitivity - Net gaps
` G&LGZ¶LV&LTB
*LGK*L%P3LL W63LK W6¶LN3*LLO* GVPZWB3LK ERZWL8G-3L¶LLB ERZ Maturity Gap Other Net Gap Total Assets Net Gaps
WPGÉL `G&LGZ¶LV&LTB
WLG-3L¶LLTB &LTB
WLK M $¶LLUOK

Period Products* (ìn millions) as % to
WLK M Z
` *L¶LTG&LGZ¶LV GVPZWB3LK Total
(RSA-RSL) (Intt. rate) (1+2)
G&LGZ¶LV&LT
B &LTB
EIÈG3LL3L3LL Assets
(ìn millions) (ìn millions)
1 2 3 4 5 1 2 3 4 5
GOV 140390.96 -5668.07 134722.89 815137.84 0.02 1-28 days 140390.96 -5668.07 134722.89 815137.84 0.02
29days - 3
GOV&LLH 1629014.04 1165.87 1630179.90 2240841.51 0.07 months 1629014.04 1165.87 1630179.90 2240841.51 0.07
>MT&LLH -372861.31 1128.62 -371732.69 571032.51 -0.07 >3 to 6
months -372861.31 1128.62 -371732.69 571032.51 -0.07
>MT&LLH -571808.97 0.00 -571808.97 457769.69 -124.91
>6 to 12
>MTPL; -1387491.29 3437.54 -1384053.76 1168929.14 -118.40 months -571808.97 0.00 -571808.97 457769.69 -124.91
>1 to 3 yrs. -1387491.29 3437.54 -1384053.76 1168929.14 -118.40
>MTPL; 156631.42 0.00 156631.42 555530.52 0.03
>3 to 5 yrs. 156631.42 0.00 156631.42 555530.52 0.03
PL;MTWGE 806792.94 0.00 806792.94 1181354.96 68.29 Over 5 years 806792.94 0.00 806792.94 1181354.96 68.29
* W6¶LN3*LLOLTB &LTB MG&&LGZ3LH4PL¶LOLOKEKLK *L2WLK

>WOZL$LOZI -P4*L
>)LLPI * Other products include: FRAs, Swaps, Futures, Options & other derivatives.
ML4OT ¾¶LXQM;
>GPE:*L WL*LBM
3L'LLW6¶L0¶LR3*L£ .TGKPTG70M
139
WL8G-3L¶LLTB WL4K OT¶L3LLWLTB EL *LRV&LX:; ¶L GVÉLL;KL ET WVR&LLV )LLGK$L4EB ET The repricing assumptions on assets and liabilities are taken as
&LLY;GVOT; LLTB ETWVRMLKGE UL3LTH4"B ¾ZLT7YOKWGY[&LLTB ETMB$LBÉL&LTB TML&LLVL per RBI guidelines. The floating rate advances are assumed to be
repriced in 29 days to 3 months.
UL3LLH4GENVEL*LRV&LX:; ¶LGVÉLL;KLGOVMT&LHIVTET)LI3LKHLTYL"
ULTG<L&L¶LR%SWU;V VWLC;WLC;! VWLC; F*LK$¶LLUOK&LTB %ÈG3LEXZ Earning at Risk: Impact of 0.5 % change upward/downward in
*LGKP3L;VELÈ)LLP interest rate on NII/NIM
` G&LGZ¶LV&LTB
(ìn million)
LTLWPGÉL %EIOKMT VWLC;WLC;*LKÈG3LEXZ*LGKP3L;VEL Remaining Period Estimated impact on NII with adverse change in
WVR&LLGV3LÈ)LLP rate of interest by 0.50%
&LLM3LE Up to 6 months 2522.81
PL;EIWPGÉL3LE Up to 1 year 4917.78
WL'LE&LX:¶LOAGrELTL Economic Value Approach:
WL'LE &LX:¶L W'LL;3L_ WL'LE &LX:¶L *LK $¶LLU OK &LTB $LI*LI M EI The economic value approach involves analyzing the impact on
the capital funds due to change in interest rate by 200 bps using
$¶LLUOK&LTB*LGKP3L;VETELKL*LXUIY3LGVGÉL*LKHLTVTPLZTÈ)LLPELWPGÉL
Duration gap Approach. It assesses the intrinsic values of assets
WB3LK*LG3LET &LLÉ¶L&LMT GV¶LG&L3LWB3LKLZ*LK&LX:¶LLBEVGE¶LLUL3LLH4"
and liabilities from time to time thereby improving banks insight
¶LHWLG-3L¶LLTB PBOT¶L3LLWLTBETWLB3LGKE&LX:¶LLTBELGVÉLL;KLEK3LLH4GUMET
into the profile of assets and liabilities vis-a vis contractual rate and
*LGKLL&L-P*LMBGPOLOKWL4K$LLuLLKOKETML'LML'L$L4BEEIWLG-3L¶LLTB
market rate. As a prudential measure, a limit has been fixed for net
WL4KOT¶L3LLWLTBEIÈLT*L2LCZ&LTB$L4BEYWB3LOA;Gr&LTBMRÉLLKWL3LLH4"*LGKMB*LGºL duration gap of the assets and liabilities and the same is monitored
PB OT¶L3LLWLTB ET LR WPGÉL WB3LK ET GZ MI&LL EI GPPTE*LXL; L4ZI at regular interval.
GVÉLL;GK3LEIYC;H4WL4KGV¶LG&L3LWB3LKLZ*LKCMT&LL8GV7KGE¶LLUL3LLH4"
7T$LZ.I *L2J[GSJ\LILULTG<LFMTM&DG6ÉLS %-JLTUKET Table DF-10: General Disclosure for Exposures Related to
GZ MLFL6J[E7IEKL Counterparty Credit Risk
(i) YRLL3&LEÈE7IEKL (i) Qualitative Disclosures :

E
$L4EB W*LVT3LRZV*LLEIÈG3LK\LLHT3LRWL4K7T .YÈ¶LLTUVLTB MT.TGKPTG7PN3*LLOLTB (a) The bank uses derivatives products for hedging its own balance
ELN*L¶LLTYEK3LLH4".TGKPTG7P*LGKQLZVETULTG<L&LÈ$L6ÉLVELÈ&LR<L sheet items as well as for trading purposes. The risk management
of derivative operation is headed by a senior executive, who
EPGK#EL¶L;*LLZEH4ULTW*LVTML&LL6¶LEL¶LLT ETML'LML'L-P3LBL*L
reports to top management, independent of the line functions.
MTEL¶L;EK3LTHR LIL;È$L6ÉLVELTCMMB$LBÉL&LTB MXQVLOT3LLH4"7T .YEI Trading positions are marked to market on daily basis.
G-'LG3LO4GVEWLÉLLK*LK$LLULK&LX:¶LETWVR*LMXGQ3LEIUL3LIH4"B
The derivative policy is framed by the Risk Management
.TGKPTG7PVIG3LULTG<L&LÈ$L6ÉLVÈ)LLY^LKL3L4¶LLKEIUL3LIH4GUM&LTB Division, which includes measurement of credit risk and
¹TG.7ULTG<L&LWL4K$LLuLLKULTG<L&LETN*LL¶LMG&&LGZ3LH4B" market risk.
3LRZV*LLETGZ ÈG3LK\LLN*LL¶LGE UL3LTH4B"GK*LLT7YWL4KULTG<L&L The hedge transactions are undertaken for balance sheet
EIGVYKLVIETGZ N*L¶LR%SGM-7&L&LL4UXOH4" management. Proper system for reporting and monitoring of
risks is in place.
ÈG3LK\LLHT3LRVIG3LWL4KNMEIGVYKLVIETGZ ÈG¹¶LL BGP]&LLVH4B" Policy for hedging and processes for monitoring the same is
in place.
ÈG3LK\LLWL4KY4KÈG3LK\LL7T .YELTGKEL.;EKVTETGZ ZT<LLBEVVIG3L
GP]&LLVH4GUM&LTB WL¶L*LHQLV>ÈIG&L¶L&LWL4KG.-ELNB7MG&&LGZ3LH4" Accounting policy for recording hedge and non-hedge
transactions are in place, which includes recognition of
$LEL¶LLWVR$L6ÉLLTBEL&LX:¶LLBEV>ÈLPÉLLV>MB*LLG;PEWL4KLULTG<L&L income, premiums and discounts.
E&LGE UL3LTH4B" Valuation of outstanding contracts, provisioning, collateral
and credit risk mitigation are being done.
ii)&LLLL3&LEÈE7IEKL ii) Quantitative Disclosures :
<L
MBGPOL>VT7YZL)L>VT7T.QLZX L %M*LLTuLK>ÉLLGK3LM&*LLG;PE> (b) Gross positive fair value of contracts, netting benefits, netted
ÈELKLTBU4MVEO>MKELKIÈG3L)LXG3LWLGOMGH3L
3L'LLGVPZ0¶LR3*L£I current credit exposure, collateral held (including type, e.g.
cash, government securities, etc.), and net derivatives credit
L %M*LLTUKLTBELMEZÉLVL3&LENGQ3L&LX:¶L"ML'LHIYZ3LIMT
exposure. Also report measures for exposure at default, or
%M*LLTUK¶LLMIC; &LETWB3LY;3L %M*LLTUKEIKLGLEI&LL*L)LIGK*LLT7; exposure amount, under CEM. The notional value of credit
EIUL "L0¶L3*L£I$LQLPELEG:*L3L&LX:¶L3L'LL¹TG.7 %M*LLTuLK derivative hedges, and the distribution of current credit
ETÈELKLTBETWVRMLKP3L;&LLVL %M*LLTuLKLTBELGP3LKL" exposure by types of credit exposure.
140
okf"kZd fjiksVZ
Y
M-B 'LLET-P¶LBETLMBGP)LLYWL4KÈ¶LR%SL0¶LR3*L£IN3*LLOLTB ET (c) Credit derivative transactions that create exposure to CCR (
GP3LKLMGH3LNMET &LÉ¶L-'L3LLG¹¶LLEZL*LLTB ET $LIQÈ¶LLTYET GZ notional value), segregated between use for the institution's
own credit portfolio, as well as its intermediation activities,
*LA'LEGE Y L0¶LR3*L£IZTVOTV>GUVMTMIWLKWLK EG:*L3L&LX:¶L

including the distribution of the credit derivatives products
ETGZ %M*LLTuLKN3*L£HLT3LTH4>B ELTÈ3¶LTEN3*LLOM&LXHETGZ <LKIOT used, broken down further by the protection bought and sold
Y WL4K$LTQT Y MBK\LL&LTB WLYTWL4KGP)LLGU3LEK3LTHR " within each product group.
J[G3LJ\LILULTG<L&LEL %M*LLTuLK Exposure of Counterparty Credit Risk:
(i) ` G&LGZ¶LV&LTB
(i) (` in million)
MBGPOLELMEZÉLVL3&LE&LX:¶L 44.17 304.42 Gross positive value of contracts 44.17 304.42
VT7YZL)L 0.00 0.00 Netting Benefits 0.00 0.00
VT7T.QLZXL %M*LLTuLK 44.17 304.42 Netted current credit exposure 44.17 304.42
ÉLLGK3LM&*LLG;PE 0.00 0.00 Collateral held 0.00 0.00
GVPZ0¶LR3*L£IL %M*LLTuLK 25.67 304.42 Net derivative credit exposure 25.67 304.42
(ii) (ii)
&LO WVRFLGVSKLGL QLZXL %M*LLTuLK Item Notional Amount Current Credit Exposure
31.03.2015 31.03.2014 31.03.2015 31.03.2014
¹L8MMIMIPLC;$¶LLUOK 7330.14 474.40 6899.91 192.36 Cross CCY Interest 7330.14 474.40 6899.91 192.36
-P4*L Rate Swaps
WGY[&LEKLKOK 0.00 0.00 0.00 0.00 Forward Rate 0.00 0.00 0.00 0.00
Agreements
EZMIMIPLC;$¶LLUOK 29471.03 22750.00 174.47 112.06
Single CCY Interest 29471.03 22750.00 174.47 112.06
-P4*L Rate Swaps
$¶LLUOK¾¶LXQM; 0.00 0.00 0.00 0.00 Interest Rate Futures 0.00 0.00 0.00 0.00
LG.*L2L8:7-P4*L 0.00 0.00 0.00 0.00 Credit Default Swaps 0.00 0.00 0.00 0.00
ERZ 36801.17 23224.40 7074.37 304.42 Total 36801.17 23224.40 7074.37 304.42
141
7TDZ.I *L2*LXBUIEIMBKQVL Table DF-11 :Composition of Capital
`G&LGZ¶LV&LTB
(` In million )
GPGV¶LL&LEM&LL¶LLTUVETMB¹&LLETOL4KLVÈ¶LLTYGE¶LLULVT $LTMZ""" MBO)L; Basel III common disclosure template to be used Amounts Ref
PLZL$LTMZ"""ML&LL6¶LÈE7IEKL7T&*ZT7 W'LL;3LWÈ4Z *LXP;*LG3L MB during the transition of regulatory adjustments Subject to No
MTGOM&$LK3LE
ET7I7&LTB7 (i.e. from April 1, 2013 to December 31, 2017) Pre-Basel
ETWÉLIV III
KLGL Treatment
Common Equity Tier 1 capital: instruments and
ML&LL6¶LC;G%P7IG7¶LK*LXBUIGZ<L3LWL4KWLKG\L3LGVGÉL¶LL8B reserves
1 MIÉLTULKIEIY¶LIWH;3LLÈL*3LML&LL6¶L 3709.20 E
1 Directly issued qualifying 3709.20 (A)
common share capital plus
LT¶LK*LXBUIWL4KMB$LBGÉL3L-7L8EWGÉLLTL related stock surplus (share
LT¶LKÈIG&L¶L&L
premium)
2 ÈG3LÉLLGK3LWL¶L 2766.50 2 Retained earnings 2766.50
3 MBGQ3LW6¶L0¶LL*LEWL¶L WL4KW6¶L 386780.13 3 Accumulated other 386780.13

comprehensive income (and
WLKG\L3LGVGÉL¶LLB
other reserves)
4 MIC;7I MT ÉLIKTÉLIKT M&LL*3L HLTVT ET 0 4 Directly issued capital subject 0
WÉLIVMIÉLTULKIEIYC;*LXBUI ETPZY4K to phase out from CET1 (only
applicable to non-joint stock
MB¶LR%S-7L8EEB*LGV¶LLTBETGZ ZLYX
companies1)
MLP;UGVE\LTL^LKL*LXBUI.LZVTELT
Public sector capital injections
UVPKI3LE*LRKLVTGV¶L&LET grandfathered until January 1,
WVRMLK&LL6¶LEKVL Y[4B.*L2LO.;
2018
5 MHL¶LECELC¶LLTB^LKLULKIEIYC;WL4K 2120 5 Common share capital issued 2120
3LIMKT*L\L MIC;7IM&LXH&LTBWVR&L3L by subsidiaries and held by
KLGL
^LKLÉLLGK3LML&LL6¶LLT¶LK*LXBUI third parties (amount allowed in
group CET1)
6 GPGV¶LL&LEM&LL¶LLTUVLTBMT*LHZTML&LL6¶L 395376.23 6 Common Equity Tier 1 capital 395376.23
C;G%P7IG7¶LK*LXBUI before regulatory
adjustments
ML&LL6¶LC;G%P7IG7¶LK*LXBUIGPGV¶LL&LEM&LL¶LLTUV Common Equity Tier 1 capital: regulatory adjustments
GPPTE*LXL;&LX:¶LLBEVM&LL¶LLTUV 0 7 Prudential valuation adjustments 0
YR.GPZ M&$LG6ÉL3LEKOT¶L3LLELGVPZ
0 8 Goodwill (net of related tax 0
liability)
&LL87;YTUMPMY WGÉLELK ET WZLPLB 1132.98 755.32 #
9 Intangibles other than mortgage- 1132.98 755.32 (L)
W&LX3L; WL8G-3L¶LLB M&$LG6ÉL3LEKOT¶L3LLEL (i) servicing rights (net of related tax (i)
liability)
GVPZ
WL-'LGY3LEKMB*LGºL 8927.16 5951.44 10 Deferred tax assets 2 8927.16 5951.44

VEOIÈPLH$LQLPGKUP; 0 11 Cash-flow hedge reserve 0
W*LTG\L3LHLGVETGZ ÈLPÉLLVLTB EIE&LI 0 12 Shortfall of provisions to 0
expected losses
GP¹¶L*LKÈG3L)LXG3LEKLZL)L 0 13 Securitisation gain on sale 0
NGQ3L&LX:¶LOT¶L3LLWLTB *LKGVUILULTG<L&L 0 14 Gains and losses due to changes 0
*LGKP3L;VETELKLZL)LWL4KHLGV in own credit risk on fair valued
liabilities
*LGK)LLGL3LZL)L *LTBLV ELTL GVPZ 0 15 Defined-benefit pension fund 0
MB*LGºL )LLGK$L4BE ET WVRMLK*LTBLV P net assets( AS per RBI- Pension
N*LOLV
and Gratuity Option)
GVUI LT¶LK &LTB GVPTL GK*LLT7; GE Y 0 16 Investments in own shares (if not 0
3LRZV*LL&LTB¶LGO*LHZTMHIÈOºL*LXBUIEL already netted off paid-in capital
on reported balance sheet)
M&LL¶LLTUVVGE¶LLY¶LLHLT
ML&LL6¶LC;G%P7I&LTB*LK-*LK¹L8MHLTG:.BY 71.1 17 Reciprocal cross-holdings in 71.1

common equity
142
okf"kZd fjiksVZ
(i.e. from April 1, 2013 to December 31, 2017) Pre-Basel
MTGOM&$LK3LE
ET7I7&LTB7 III
ETWÉLIV Treatment
KLGL
$L4BGEY> GPºLI¶L WL4K $LI&LL MB-'LLV> ULT 18 Investments in the capital of 0
GPGV¶LL&LEM&LTEVET OL¶LKT MT $LLHKH4> banking, financial and insurance
entities that are outside the scope
ET *LXBUI &LTB GPLTL GVPTL EL *LLL LL87;
of regulatory consolidation, net
*LLTGULVGVPZUHLB D4EULKILTKJXBUI of eligible short positions, where
EL MT WGÉLE ÉLLGKS VHIB EKSL the bank does not own more than
EIMIFLMTWGÉLEKLGL
10% of the issued share capital
(amount above 10% threshold)
$L4BGEY>GPGV¶LL&LEM&LTEVETML&LL6¶L 19 Significant investments 0

LT¶LK&LTB&LH3P*LXL;GVPTLEL*LLL in the common stock
of banking,regulatory
LL87;*LLTGULV EIMI&LLMTWGÉLE
consolidation, net of eligible
KLGL
GVPZ" short positions(amount above
10% threshold)3
&LLT7;YTUMPMYWGÉLELK EI M&DG6ÉLSVHIB 20 Mortgage servicing rights4 Not Relevant
MI&LLMTWGÉLEKLGL
(amount above 10% threshold)
W-'LL¶LIG)L£3LLMTN3*L£WL-'LGY3L M&DG6ÉLSVHIB 21 Deferred tax assets arising from Not Relevant
EKMB*LGºL EIMI&LLMTWGÉLE temporary differences5
KLGLM&$LG6ÉL3LEKOT¶L3LLELGVPZ
(amount above 10% threshold,
net of related tax liability)
EIÈLKBG)LEMI&LLMTWGÉLE M&DG6ÉLSVHIB 22 Amount exceeding the 15% Not Relevant

KLGL threshold6
GUV&LTBMTGPºLI¶LMB-'LLWLTBETML&LL6¶L M&DG6ÉLSVHIB 23 of which: significant investments Not Relevant
LT¶LK&LTB&LH3P*LXL;GVPTL in the common stock of
financial entities
GUV&LTBMT&LLT7;YTUMPMYWGÉLELK M&DG6ÉLSVHIB 24 of which: mortgage servicing Not Relevant
rights
GUV&LTBMTW-'LLC;G)L£3LLMTN3*L£HLTVT M&DG6ÉLSVHIB 25 of which: deferred tax assets Not Relevant
PLZIWL-'LGY3LEKWLG-3L¶LL8B arising from temporary
differences
KL7I¶LGPGL7GPGV¶LL&LEM&LL¶LLTUV 26 National specific regulatory 0
E<LY L
adjustments
(26a+26b+26c+26d)
E GUM&LTBMTWM&LTGE3L$LI&LLMHL¶LE 26a of Which : Investments in 0
EB*LGV¶LLTBETCG%P7I*LXBUI&LTBGVPTL the equity capital of the
unconsolidated insurance
subsidiaries.
<L GUM&LTBMTWM&LTGE3LY4KGPºLI¶L 26b of Which : Investments in 0
MHL¶LEEB*LGV¶LLTBETCG%P7I*LXBUI&LTB the equity capital of the
GVPTL unconsolidated non-financial
subsidiaries.
Y GUM&LTBMT$L4BEETML'LY4KM&LTGE3L 26c of Which : Shortfall in the 0
È&LR<LGVUIGPºLI¶LMB-'LLWLTBEICBG%P7I equity capital of majority owned
*LXBUI&LTBE&LI financial entities which have not
been consolidated with the bank
L GUM&LTBMTW*LGKLLTGÉL3L*LTBLVGVGÉL 26d Of which : Unamortized Pension 0
0¶L¶L funds expenditure
$LTMZ"""*LG3LET7I7&LTB7ETWÉLIV Regulatory Adjustments applied
KLGLETM&$L6ÉL&LTBML&LL6¶LCG%P7I to Common Equity Tier 1 in
respect of amounts Subject to
7I¶LK*LKZLYXGPGV¶LL&LEM&LL¶LLTUV
Pre Basel III Treatment
143
MTGOM&$LK3LE
ET7I7&LTB7 III
ETWÉLIV Treatment
KLGL
GUM&LTB MT [M&LL¶LLTUV EL ÈELK Of which : Insert Type of
ÈGP EKTB] NOLHKL ET GZ *L2 M Adjustment) For Example :
filtering out of unrealised Losses
LÈG3L)LXG3L¶LLTB *LKWPMXZHLGV¶LLTB ELT
on AFS Debt securities ( Not
$LLHK GVELZ OTVL )LLK3LI¶L MBO)L; &LTB relevant in Indian Context
WÈMLBGYE
GUM&LTBMT[M&LL¶LLTUVELÈELKÈGP7 Of Which : ( Insert Typr of

EKTB] Adjustment)
GUM&LTBMT[M&LL¶LLTUVELÈELKÈGP7 Of Which : ( Insert Typr of
EKTB] Adjustment)
W*L¶LL;*3L WG3LGK%S 7I¶LK WL4K 7I¶LK 27 Regulatory adjustments applied
E7L43LI ELT EPK EKVT ET GZ ML&LL6¶L to Common Equity Tier 1 due
CG%P7I 7I¶LK *LK ZLYX GPGV¶LL&LE to insufficient Additional Tier 1
M&LL¶LLTUV and Tier 2 to cover deductions
ML&LL6¶L CG%P7I 7I¶LK &LTB ERZ 10131.24 28 Total regulatory adjustments to 10131.24
GPGV¶LL&LE M&LL¶LLTUV ERZ MT > Common equity Tier 1 ( Total 7
to 22, 26,27
>
29 ML&LL6¶LCG%P7I7I¶LK*LXBUI 385244.99 29 Common Equity Tier 1 capital 385244.99

(CET1)
MIC;7I
Additional Tier 1 capital: instruments

WG3LGK%S7I¶LK*LXBUIGZG<L3L
30 Directly issued qualifying 0
30 MIÉLTULKIGE Y *LLLWG3LGK%S7I¶LK 0
Additional Tier 1 instruments
GZG<L3LWL4KMB$LBGÉL3L-7L8EWGÉLLTL LT¶LK plus related stock surplus
ÈIG&L¶L&L

(31+32)
31 GUM&LTBMTZLYXZT<LLEV&LLVELTBET 0 31 of which: classified as equity 0
under applicable accounting
WB3LY;3LCG%P7IET*L&LTBPYI;²3L M3L3L standards (Perpetual Non-
Y4KMBQ¶LIWGÉL&LLVILT¶LK
Cumulative Preference Shares)
32 of which: classified as liabilities 0
32 GUM&LTBMTZLYXZT<LLBEV&LLVELTBET 0
under applicable accounting
WB3LY;3LOT¶L3LLET*L&LTBPYI;²3L M3L3L standards (Perpetual debt
LGZ<L3L
Instruments)
33 Directly issued capital 29143.50
33 WG3LGK%S7I¶LK*LXBUIMTQKL$L*L 29143.50 instruments subject to phase out
MT$LLHK *L2TUWLN7
HLTVTETWÉLIV from Additional Tier 1
MIÉLTULKIGE Y *LXBUIGZ<L3L
34 Additional Tier 1 instruments 397.60
34 MHL¶LEEB*LGV¶LLTB^LKLULKI3L'LL3LIMKT 397.60 (and CET1 instruments not
*L\L^LKL 7IM&LXH&LTB WVR&L3LKLGL included in row 5) issued by
3LE
ÉLLGK3LWG3LGK%S7I¶LKGZ<L3L subsidiaries and held by third
WL4K*LLBQPI*LBG%S&LTBLLG&LZVHIBGE parties (amount allowed in
group AT1)
Y MIC;7IGZ<L3L
35 of which: instruments issued by 0

35 GUM&LTBMTQKL$L*LMT$LLHK *L2TU 0
subsidiaries subject to phase
WLN7
HLTVTETWÉLIVMHL¶LEEB*LGV¶LLTB out
^LKLULKIGE Y GZ<L3L
36 Additional Tier 1 capital before 29541.10
36 GPGV¶LL&LEM&LL¶LLTUVEKVTMT*LXP; 29541.10
regulatory adjustments
WG3LGK%S7I¶LK*LXBUI
Additional Tier 1 capital: regulatory
WG3LGK%S7I¶LK*LXBUIGPGV¶LL&LE
adjustments
M&LL¶LLTUV
37 Investments in own Additional 0
37 GVUIWG3LGK%S7I¶LKGZ<L3L&LTBGVPTL Tier 1 instruments
38 WG3LGK%S7I¶LKGZ<L3LLTB&LTB*LLK-*LGKE 38 Reciprocal cross-holdings in 390
¹L8MHLT:.9M Additional Tier 1 instruments
144
okf"kZd fjiksVZ
MTGOM&$LK3LE
ET7I7&LTB7 III
ETWÉLIV Treatment
KLGL
39 $L4BEY>GPºLI¶LWL4K$LI&LLMB-'LL B>ULT 0 39 Investments in the capital of 0
GPGV¶LL&LEM&LTEVETOL¶LKTMT$LLHKH4B> banking, financial and insurance
ETML&LL6¶LLT¶LK&LTB&LH3P*LXL;GVPTLEL entities that are outside
the scope of regulatory
*LLLLL87;*LLTGULVGVPZUHLBD4EULKI consolidation, net of eligible
LTKJXBUIELMTWGÉLEÉLLGKS short positions, where the bank
VHIBEKSL EIMIFLMTWGÉLE does not own more than 10% of
KLGL
the issued common share
capital of the entity (amount
above 10% threshold)
40 $L4BEY>GPºLI¶LWL4K$LI&LLMB-'LL B>ULT 0 40 Significant investments in the 0
GPGV¶LL&LEM&LTEVETOL¶LKTMT$LLHKH4B> capital of banking, financial
ETML&LL6¶LLT¶LK&LTB&LH3P*LXL;GVPTL" and insurance entities that are
outside the scope of regulatory
*LLLLL87;JLTGULVGVPZ
consolidation (net of eligible
short positions)10
41 KL7I¶LGPGL7GPGV¶LL&LEM&LL¶LLTUV 0 41 National specific regulatory 0
E<L
adjustments (41a+41b)
41E GUV&LTB MT Y4K M&LTGE3L $LI&LL MHL¶LE 0 41a Investments in the Additional 0
EB*LGV¶LLTB ET WG3LGK%S 7I¶LK *LXBUI &LTB Tier 1 capital of unconsolidated
GVPTL insurance subsidiaries
41<L $LHR&L3LET-PLG&L3PPLZIGPºLI¶LMB-'LLWLTB 0 41b Shortfall in the Additional Tier 0
ET WG3LGK%S*LXBUI&LTB E&LIGUVELT $L4BE 1 capital of majority owned
financial entities which have not
ETML'LM&LTGE3LVHIBGE¶LLY¶LLH4"
been consolidated with the bank
$LTMZ"""*LXP;*LG3LET7I7&LTB7ETWÉLIV 0 Regulatory Adjustments Applied 0

KLGL¶LLTBETMB$LBÉL&LTBWG3LGK%S7I¶LKELT to Additional Tier 1 in
ZLYXGE Y GPGV¶LL&LEM&LL¶LLTUV respect of Amounts Subject to
Pre-Basel III Treatment
GUM&LTBMT U4MT.I7I
5951.44 of which: [e.g. DTAs] 5951.44
GUM&LTBMT[M&LL¶LLTUVELÈELKÈGP7EKTB of which: [INSERT TYPE OF
U4MTGP]&LLVM&LL¶LLTUV>GUVEI7I¶LK&LTB ADJUSTMENT e.g. existing
MT%*LKE7L43LIEIYC;H4" adjustments which are deducted
from Tier 1 at 50%]
GUM&LTBMTW&LX3L;WL8G-3L¶LLB 755.32 of which: [Intangible Asets] 755.32
42 E7L43LIELTEPKEKVTETGZ W*L¶LL;*3L 42 Regulatory adjustments applied
7I¶LKETELKLWG3LGK%S7I¶LK*LK to Additional Tier 1 due to
ZLYXGPGV¶LL&LEM&LL¶LLTUV insufficient Tier 2 to cover
deductions
43 WG3LGK%S7I¶LK*LKZLYXGPGV¶LL&LE 7096.76 43 Total regulatory adjustments to 7096.76
M&LL¶LLTUV Additional Tier 1 capital
44 WG3LGK%S7I¶LK*LXBUI 22444.34 44 Additional Tier 1 capital (AT1) 22444.34
44a *LXBUI*L¶LL;*3L3LLEIYLVL&LTBÈ¶LR%S 22444.34 44a Additional Tier 1 capital 22444.34
WG3LGK%S7I¶LK*LXBUI reckoned for capital adequacy11
45 7I¶LK*LXBUI 7IMIC;7I 7I
407689.33 45 Tier 1 capital (T1 = CET1 + AT1) 407689.33
E
(29 + 44a)
7I¶LK*LXBUIGZ<L3L PBÈLPÉLLV Tier 2 capital: instruments and provisions
46 MIÉLTULKIGE Y *LLLWG3LGK%S7I¶LK 46 Directly issued qualifying Tier 0
GZ<L3LWL4KM&$LG6ÉL3L-7LEWGÉLLTL 2 instruments plus related stock
surplus
47 7I¶LK*LXBUIMT QKL$L*LMT $LLHK 93231.1 47 Directly issued capital instruments 93231.10
*L2TUWLN7
HLTVTETWÉLIVMIÉLTULKI subject to phase out from Tier 2
GE Y *LXBUIGZ<L3L
145
MTGOM&$LK3LE
ET7I7&LTB7 III
ETWÉLIV Treatment
KLGL
48 MHL¶LEEB*LGV¶LLTB^LKLULKIGE Y 3553.40 48 Tier 2 instruments (and CET1 3553.40
PB3LA3LI¶L*L\LLTB^LKLÉLLGK3L KLGLM&LXH and AT1 instruments not
included in rows 5 or 34) issued
7I¶LK&LTBWVR&L3L
7I¶LKGZ<L3L
by subsidiaries and held by
3L'LL*LBG%S¶LLTBW'LPL&LTBLLG&LZ third parties (amount allowed in
VHIBGE MIC;7IWL4K 7IGZ<L3L
group Tier 2)
49 GUV&LTBMTQKL$L*LMT$LLHK*L2TU 0 49 of which: instruments issued by 0
WLN7HLTVTETWÉLIVMHL¶LEEB*LGV¶LLTB subsidiaries subject to phase out
^LKLULKIGE Y GZ<L3L
50 ÈLPÉLLV 42449.60 50 Provisions12 42449.60
51 GPGV¶LL&LEM&LL¶LLTUVLTBMT*LHZTG7¶LK 139234.10 51 Tier 2 capital before regulatory 139234.10

*LXBUI adjustments
7I¶LK*LXBUIGPGV¶LL&LEM&LL¶LLTUV Tier 2 capital: regulatory adjustments

52 GVUIG7¶LKGZ<L3L&LTBGVPTL 0 52 Investments in own Tier 2 0
instruments
53 7I¶LKGZ<L3LLTB&LTB*LLK-*LGKE¹LM 248.80 53 Reciprocal cross-holdings in 248.80
HLT:.Y Tier 2 instruments
54 $L4BEYGPºLI¶LWL4K$LI&LLMH¶LLTGY¶LLTBEL 0 54 Investments in the capital 0
*LXBUI&LTBGVPTLULTGEGPGV¶LL&LEM&LTEV of banking, financial and
ETOL¶LKTMT$LLHKH4B>*LLLL8L7;*LLTGULV insurance entities that are
outside the scope of regulatory
GVPZUHLB$L4BEMH¶LLTYIELTULKI consolidation, net of eligible
ML&LL6¶LLT¶LK*LXBUI*LKMTWGÉLE short positions, where the bank
-PLG&L3PÉLLGK3LVHIBEK3LLH4 does not own more than 10%
MI&LLMT¦*LKEIKLGL
of the issued common share
capital of the entity (amount
above the 10% threshold)
55 $L4BEY>GPºLI¶LWL4K$LI&LLMH¶LLTGY¶LLTB 0 55 Significant investments13 in 0
EL&LH3P*LXL;*LXBUI&LTBGVPTLULTGE the capital banking, financial
and insurance entities that are
GPGV¶LL&LEM&LTEVETOL¶LKTMT$LLHKH4B> outside the scope of regulatory
*LLLLL87;*LLTGULVELGVPZ
consolidation (net of eligible
short positions)
56 KL7I¶LGPGL7GPGV¶LL&LEM&LL¶LLTUV 0 56 National specific regulatory 0

56E56<L
adjustments (56a+56b)
56E GUM&LTBMTY4K-M&LTGE3L$LI&LLMHL¶LE 0 56a Of which : Investments in the 0
EB*LGV¶LLTBETG7¶LK*LXBUI&LTBGVPTL Tier 2 capital of unconsolidated
subsidiaries
56<L GUM&LTBMT$LHR&L3LET-PLG&L3PPLZI, 0 56b of Which : Shortfall in the Tier 0
GPºLI¶LMB-'LLWLTBETG7¶LK*LXBUI&LTB 2 Capital of majority owned
financial entities which have not
E&LIGUVELT$L4BEETML'LM&LTGE3LVHIB been consolidated with the Bank
GE¶LLY¶LLH4"
$LTMZ"""*LXP; *LG3LET7I7&LT7B ET 0 Regulatory Adjustments Applied 0
WÉLIVKLGLETMB$LBÉL&LTB ML&LL6¶LCG%P7I to Tier 2 in respect of amounts
subject to pre basel III Treatment
G7¶LK*LKZLYXGPGV¶LL&LEM&LL¶LLTUV
GUV&LTBMTE&L;QLKI)LGP¶LGVGÉL 3005.10 of which : Investment by 3005.10
^LKLGVPTL Employees Pension Funds
GUV&LTBMT[M&LL¶LLTUVELÈELKÈGP7 0 of which : (Insert Type of 0
adjustment)
EKTB]
57 G7¶LK*LXBUI&LTBERZGPGV¶LL&LE 3253.90 57 Total regulatory adjustments to 3253.90
M&LL¶LLTUV Tier 2 capital
58 G7¶LK*LXBUI 7I
135980.20 58 Tier 2 Capital (T2) 135980.20
146
okf"kZd fjiksVZ
MTGOM&$LK3LE
ET7I7&LTB7 III
ETWÉLIV Treatment
KLGL
E *LXBUI*L¶LL;*3L3LLEIYLVL&LTBÈ¶LR%SG7¶LK 135980.20 58a Tier 2 capital reckoned for 135980.20
2*LXBUI capital adequacy
<L G7¶LK2*LXBUIET*L&LTB&LL6¶L %MTM 0 58b Excess Additional Tier 1 Capital 0
WG3LGK%SG7¶LK1*LXBUI reckoned as Tier 2 capital
Y *LXBUI*L¶LL;*3L3LLETGZ -PIEL¶L;ERZ 135980.20 58c Total Tier 2 capital admissible 135980.20
G7¶LK*LXBUI E<L
for capital adequacy (58a+58b)
ERZ*LXBUI 7IMI7I7I
543669.53 59 Total Capital (TC= T1+T2) 543669.53
Y
(45+58c)
$LTMZ"""*LXP; *LG3LET7I7&LT7B ET 0 Risk Weighted Assets in respect 0
WÉLIVKLGLETMB$LBÉL&LTB ULTG<L&L)LLGK3L of Amounts subject to Pre Basel
III Treatment
WL8G-3L¶LLB
Of which : (Insert Type of 0
GUM&LTBMT M&LL¶LLTUVELÈELK 0
Adjustment)
ÈGP7EKTB
of which : 0
GUM&LTBMT 0
60 Total Risk Weighted Assets 4214396.06
ERZULTG<L&L)LLGK3LWL8G-3L¶LLB E 4214396.06
(60a+60b+60c)
<LY
60a of which: total credit risk 3607365.46
E GUM&LTBMTERZ¹TG.7ULTG<L&L)LLGK3L 3607365.46 weighted assets
WL8G-3L¶LLB
60b of which: total market risk 260801.90
<L GUM&LTBMTERZ$LLULKULTG<L&L)LLGK3L 260801.90 weighted assets
WL8G-3L¶LLB
60c of which: total operational risk 346228.70
Y GUM&LTBMTERZ*LGKQLZVULTG<L&L 346228.70
weighted assets
)LLGK3LWL8G-3L¶LLB
Capital ratios
*LXBUIWVR*LL3L
61 Common Equity Tier 1 (as a 9.14%
ML&LL6¶LCG%P7IG7¶LK ULTG<L&L)LLGK3L 9.14%
percentage of risk weighted assets)
WLG-3L¶LLTBETÈG3LL3LET*L&LTB

62 Tier 1 (as a percentage of risk 9.67%
7¶LK ULTG<L&L)LLGK3LWLG-3L¶LLTBET 9.67%
weighted assets)
ÈG3LL3LET*L&LTB
63 Total capital (as a percentage of 12.89%

ERZ*LXBUI ULTG<L&L)LLGK3LWLG-3L¶LLTBET 12.89% risk weighted assets)
ÈG3LL3LET*L&LTB
64 Institution specific buffer 8.00%

MB-'LLGPGL7$L*L2KW*LT\LL 6¶LXV3L&L 8.00%
requirement (minimum CET1
MIC;7IW*LT\LLWL4K*LXBUIMBK\LLWL4K requirement plus capital
ÈG3LQ¹I¶L$L*L2KW*LT\LL BULTG<L&L)LLGK3L conservation and countercyclical
WLG-3L¶LLTBETÈG3LL3LET*L&LTB0¶L%S
buffer requirements, expressed
as a percentage of risk weighted
assets)
65 of which: capital conservation 2.50%
GUM&LTBMT*LXBUIMBK\LL$L*L2KW*LT\LL B 2.50%
buffer requirement
66 of which: bank specific 0
GUM&LTBMT$L4BEGPGL7ÈG3LQ¹I¶L 0
countercyclical buffer
$L*L2KW*LT\LL B requirement
GUM&LTBMTUI MWLC;$LI$L*L2KW*LT\LL B 0 67 of which: G-SIB buffer 0
requirement
68 Common Equity Tier 1 available 3.64%
$L*L2KEIW*LT\LLELT*LXKLEKVTETGZ 3.64%
to meet buffers (as a percentage
N*LZ$ÉLML&LL6¶LCG%P7IG7¶LK ULTG<L&L of risk weighted assets)
)LLGK3LWLG-3L¶LLTB ETÈG3LL3LET*L&LTB
National minima (if different from
KL7I¶L6¶LXV3L&L $LTMZ"""MTG)L£HLT3LLT
Basel III)
KL7I¶LML&LL6¶LCG%P7IG7¶LK6¶LXV3L&L 5.50% 69 National Common Equity Tier 1 5.50%
minimum ratio (if different from
WVR*LL3L ¶LGO$LTMZ"""6¶LXV3L&LMTG)L£
Basel III minimum)
HLT3LLT
70 National Tier 1 minimum ratio 7.00%
KL7I¶LG7¶LK6¶LXV3L&LWVR*LL3L ¶LGO 7.00% (if different from Basel III
$LTMZ"""6¶LXV3L&LMTG)L£HLT3LLT
minimum)
147
MTGOM&$LK3LE
ET7I7&LTB7 III
ETWÉLIV Treatment
KLGL
KL7I¶LERZ*LXBUI6¶LXV3L&LWVR*LL3L ¶LGO 9.00% 71 National total capital minimum 9.00%
$LTMZ"""6¶LXV3L&LMTG)L£HLT3LLT
ratio (if different from Basel III
minimum)
E7L43LIETGZ WGÉLE3L&LMI&LLET Amounts below the thresholds for
VIQTEIKLGL ULTG<L&L)LLKMT*LHZT
deduction(before risk weighting)
W6¶LGPºLI¶LMB-'LLWLTBEI*LXBUI&LTB 72 Non-significant investments in 0
Y4K&LH3PX*LL;GVPTL the capital of other financial
entities
GPºLI¶LMB-'LLWLTBETML&LL6¶L-7L8E&LTB 73 Significant investments in the 0
&LH3PX*LL;GVPTL common stock of financial
entities
&LL7;YTUMPMYKLC7M MB$LBGÉL3LEK )LLKSFTBZLYX 74 Mortgage servicing rights (net of Not
OT¶L3LLELGVPZ
VHIB related tax liability) applicable in
India
W-'LLC;G)L£3LLWLTBMTN3*L£WL-'LGY3LEK )LLKSFTBZLYX 75 Deferred tax assets arising from Not
WL8G-3L¶LLB MB$LBGÉL3LEKOT¶L3LLELGVPZ
VHIB temporary differences (net of applicable in
related tax liability) India
7I¶LK&LTBÈLPÉLLVLTBETLLG&LZGE ULVT Applicable caps on the inclusion of
*LKZLYXMI&LL E4*L
provisions in Tier 2
&LLVEI²3LOAG7ELTLETWÉLIV 42449.60 76 Provisions eligible for inclusion 42449.60
%M*LLTuLKETMB$LBÉL&LTBG7¶LK*LXBUI&LTB in Tier 2 in respect of exposures
subject to standardised
LLG&LZEKVTHT3LR*LLLÈLPÉLLV MI&LL
approach (prior to application
ZLYXHLTVTMT*LXP;
of cap)
&LLVEI²3LOAG7ELTLETWB3LY;3LG7¶LK 52679.95 77 Cap on inclusion of provisions 52679.95
&LTBÈLPÉLLVLTBETLLG&LZGE ULVTEI in Tier 2 under standardised
MI&LL E4*L
approach
WLB3LGKEKT7YWLÉLLGK3LOAG7ELTLET ZLYXVHIB 78 Provisions eligible for inclusion NA
WÉLIV %M*LLTuLKETMB$LBÉL&LTBG7¶LK in Tier 2 in respect of exposures
subject to internal ratings-based
&LTB*LXBUI&LTBLLG&LZEKVTHT3LR*LLL approach (prior to application
ÈLPÉLLV MI&LLZLYXHLTVTMT*LXP;
of cap)
WLB3LGKEKT7YWLÉLLGK3LOAG7ELTLET ZLYXVHIB 79 Cap for inclusion of provisions NA
WÉLIV %M*LLTuLKETMB$LBÉL&LTBG7¶LK&LTB in Tier 2 under internal ratings-
based approach
ÈLPÉLLVLTBETLLG&LZGE ULVTEIMI&LL
*L2TUWLN70¶LP-'LLWLTBETWÉLIV*LXBUIGZ<L3L Capital instruments subject to
phase-out arrangements (Only
ETPZ&LLQ;WL4K&LLQ;
applicable between March 31,2017
ET$LIQZLYX
and March 31,2022)
*L2TUWLN70¶LP-'LLWLTBETWÉLIV )LLKSFTBZLYX 80 Current cap on CET1 Not
MIC;7IGZ<L3LLTB*LK&LL4UXOLE4*L VHIB instruments subject to phase out applicable in
arrangements India
E4*LETELKLMIC;7I&LTBVHIBLLG&LZ 81 Amount excluded from CET1
EIYC;KLGL )LRVL Y WL4KWPGÉL*LXL; due to cap (excess over cap after
*LXL;GZ<L3LLTBET$LLOE4*LETWG3LGK%S
redemptions and maturities)
*L2TUWLN70¶LP-'LLWLTBETWÉLIV 7I 82 Current cap on AT1 instruments
GZ<L3LLTB*LK&LL4UXOLE4*L subject to phase out
arrangements
E4*LETELKL 7I&LTBVHIBLLG&LZ 83 Amount excluded from AT1 due
EIYC;KLGL )LRVL Y WL4KWPGÉL*LXL; to cap (excess over cap after
GZ<L3LLTBET$LLOE4*LETWG3LGK%S
*L2TUWLN70¶LP-'LLWLTBETWÉLIV7I 84 Current cap on T2 instruments
GZ<L3LLTB*LK&LL4UXOLE4*L subject to phase out
arrangements
E4*LETELKL7I&LTBVHIBLLG&LZEI 85 Amount excluded from T2 due
YC;KLGL )LRVL Y WL4KWPGÉL*LXL; to cap (excess over cap after
*LXL;GZ<L3LLTBET$LLOE4*LETWG3LGK%S
148
okf"kZd fjiksVZ
7TDZ.I *L2*LXBUIEIMBKQVL@G&LZLVMB$LBÉLIW*LT\LL B QKL

Table DF-12: Composition of Capital- Reconciliation Requirements
(Step 1)
`G&LGZ¶LV&LTB ` In million
GPºLI¶LGPPKLLTB M&LTEVET Balance sheet Balance sheet
ETWVRMLK3LRZV GPGV¶LL&LEOL¶LKT as in financial under
*LL ETWB3LY;3L3LRZV statements regulatory
*LL scope of
consolidation
GK*LLT7YG3LG'L GK*LLT7YG3LG'L As on As on
EI EI reporting date reporting date
G-'LG3LETWVRMLK G-'LG3LETWVRMLK 31.03.2015 31.03.2015
E *LXBUI3L'LLOT¶L3LL B A Capital & Liabilities
i ÈOºL*LXBUI 3709.10 3709.10 i Paid-up Capital 3709.10 3709.10
WLKG\L3LGVGÉL3L'LLWGÉLLTL 416019.97 415764.30 Reserves & Surplus 416019.97 415764.30
W:*LLT¶LKÉLLGK¶LLTBELT$¶LLU 5489.55 5489.55 Minority Interest 5489.55 5489.55
ERZ*LXBUI 425218.62 424962.95 Total Capital 425218.62 424962.95
ii U&LLKLGL¶LLB 5152454.30 5152454.30 ii Deposits 5152454.30 5152454.30
GUV&LTBMT$L4BELTBEIU&LLKLGL¶LLB 461531.30 461531.30 of which: Deposits from banks 461531.30 461531.30
GUV&LTBMTY[LHELTBEIU&LLKLGL¶LLB 4690923.00 4690923.00 of which: Customer deposits 4690923.00 4690923.00
GUV&LTB MTW6¶LU&LLKLGL¶LLB ²*L¶LL-*LrEKT
B 0 0 of which: Other deposits (pl. specify) 0 0
iii NÉLLK 592047.60 592047.60 iii Borrowings 592047.60 592047.60
GUV&LTBMT)LLK3LI¶LGKUP;$L4BEMT 12710.00 12710.00 of which: From RBI 12710.00 12710.00
GUV&LTBMT$L4BELTBMT 89603.30 89603.30 of which: From banks 89603.30 89603.30
GUV&LTBMTW6¶LMB-'LLWLTB PB UTBGM¶LLTBMT 48915.30 48915.30 of which: From other institutions & 48915.30 48915.30
agencies
GUV&LTBMTW6¶L ²*L¶LL-*LrEKTB
215692.10 215692.10 of which: Others (pl. specify) 215692.10 215692.10
GUV&LTBMT*LXBUIGZG<L3L 225126.90 225126.90 of which: Capital instruments 225126.90 225126.90
iv W6¶LOT¶L3LL B PBÈLPÉLLV 189725.90 189725.90 iv Other liabilities & provisions 189725.90 189725.90
ERZ 6359446.42 6359190.75 Total 6359446.42 6359190.75
<L WL8G-3L¶LLB B Assets
i )LLK3LI¶LGKUP;$L4BEET*LLMVEOI PBLTL 244357.80 244357.80 i Cash and balances with Reserve 244357.80 244357.80
Bank of India
$L4BELTBET*LLMLTLWL4K&LLBYWL4KW:*L 338234.45 338234.45 Balance with banks and money at 338234.45 338234.45
MXQVL*LKÈG3LOT¶LKLGL call and short notice
ii GVPTL 1567616.60 1567616.60 ii Investments: 1567616.60 1567616.60
GUV&LTBMTMKELKIÈG3L)LXG3L¶LLB 1275788.50 1275788.50 of which: Government securities 1275788.50 1275788.50
GUV&LTBMTW6¶LWVR&LLTGO3LÈG3L)LXG3L¶LLB 1878.40 1878.40 of which: Other approved securities 1878.40 1878.40
GUV&LTBMTLT¶LK 36043.60 36043.60 of which: Shares 36043.60 36043.60
GUV&LTBMTG.$LTBQK3L'LL$LL8. 165398.10 165398.10 of which: Debentures & Bonds 165398.10 165398.10
GUV&LTBMTWVRLBYIEB*LGV¶LLB!MB¶LR%SN]&L! 12712.00 12712.00 of which: Subsidiaries / Joint 12712.00 12712.00
MH¶LLTYIMB-'LL B Ventures / Associates
GUV&LTBMTW6¶L PLGLG5¶LE*LL> 75796.00 75796.00 of which: Others (Commercial 75796.00 75796.00
Papers, Mutual Funds etc.)
&¶LX1LRWZ*L2B.WLGO
iii L3L'LLWGY[&L 4046140.60 4046140.60 iii Loans and advances 4046140.60 4046140.60
GUV&LTBMT$L4BELTBELTL3L'LLWGY[&L 418397.30 418397.30 of which: Loans and advances to 418397.30 418397.30
banks
GUV&LTBMTY[LHELTBELTL3L'LLWGY[&L 3627743.30 3627743.30 of which: Loans and advances to 3627743.30 3627743.30
customers
iv WQZWL8G-3L¶LLB 36557.70 36557.70 iv Fixed assets 36557.70 36557.70
v W6¶LWL8G-3L¶LLB 127204.60 126948.93 v Other assets 127204.60 126948.93
v GUV&LTBMTML<L YR.GPZ
3L'LLW&LX3L; 921.00 921.00 v of which: Goodwill and intangible 921.00 921.00
WL8G-3L¶LLB assets
v GUV&LTBMTWL-'LGY3LEKWL8G-3L¶LLB 14793.80 14793.80 v of which: Deferred tax assets 14793.80 14793.80
vi M&LTEV*LKYR.GPZ -665.33 -665.33 vi Goodwill on consolidation -665.33 -665.33
vii ZL)L3L'LLHLGV<LL3LT&LTBVL&LTLTL 0.00 0.00 vii Debit balance in Profit & Loss account 0.00 0.00
ERZWL8G-3L¶LLB 6359446.42 6359190.75 Total Assets 6359446.42 6359190.75
149
7TDZ.I *L2*LXBUIEIMBKQVL@G&LZLVMB$LBÉLIW*LT\LL B Table DF-12: Composition of Capital-Reconciliation Requirements
QKL
(Step 2)
GPºLI¶LGPPKLLTBET M&LTEVET MBO)L; Balance sheet Balance Ref
WVRMLK3LRZV*LL GPGV¶LL&LEOL¶LKT MB as in financial sheet under No.
ETWB3LY;3L3LRZV statements regulatory
*LL scope of
consolidation
GK*LLT7YG3LG'L GK*LLT7YG3LG'L As on reporting As on reporting
EI EI date 31.03.2015 date 31.03.2015
G-'LG3LETWVRMLK G-'LG3LETWVRMLK
E *LXBUI3L'LLOT¶L3LL B A Capital & Liabilities
i ÈOºL*LXBUI 3709.10 3709.10 (E) i Paid-up Capital 3709.10 3709.10 (A)
GUV&LTBMTMIC;7IETGZ 3709.10 3709.10 (E) of which : Amount 3709.10 3709.10 (A) (i)
*LLLKLGL (i) eligible for CET 1
WLKG\L3LGVGÉL3L'LLWGÉLLTL 416019.97 415764.30 (<L) Reserves & Surplus 416019.97 415764.30 (B)
GUV&LTBMTMIC;7IETGZ 389546.63 389546.63 (<L) of which : Amount 389546.63 389546.63 (B) (i)
*LLLKLGL (i) eligible for CET 1
-7LEWGÉLLTL LT¶LKÈIG&L¶L&L
77295.10 77295.10 (<L) Stock surplus (share 77295.10 77295.10 (B) (ii)
(ii) premium)
MLBGPGÉLEWLKG\L3LGVGÉL¶LLB 99129.40 99129.40 (<L) Statutory reserves 99129.40 99129.40 (B)
(iii) (iii)
W6¶LÈE7&LR%SWLKG\L3L 196743.40 196743.40 (<L) Other disclosed free 196743.40 196743.40 (B)
GVGÉL¶LLB (iv) reserves (iv)
WLG-3L¶LLTBEIG$L¹IMTN3*L£ 13309.70 13309.70 (<L) Capital reserves 13309.70 13309.70 (B) (v)
WGÉLLTLELTOLL;3LTHR *LXBUI (v) representing surplus
WLKG\L3LGVGÉL¶LLB arising out of sale
proceeds of assets
G*L/ZTGPºLPL;ETW63L&LTB 0.00 0.00 (<L) Balance in Profit & Loss 0.00 0.00 (B)
ZL)LPHLGV<LL3LT&LTBLTL (vi) Account at the end of the (vi)
previous financial year
QLZXGPºLPL;&LTBZL)L>GUM 8165.40 8165.40 (<L) Current Financial Year 8165.40 8165.40 (B)
MI&LL3LE-PIEL¶L; (vii) Profit, to the extent (vii)
admissible
*LRV&LX;:¶LVWLKG\L3LGVGÉL¶LLB% 6264.32 6264.32 (<L) Revaluation Reserves @ 6264.32 6264.32 (B)
EIOKMT/X7*LK 7I¶LK (viii) discount of 55% (Part of (viii)
*LXBUIEL)LLY
Tier 2 Capital)
ML&LL6¶LÈLPÉLLV 7I¶LK*LXBUI 0.00 0.00 (<L) General Provisions (Part 0.00 0.00 (B)
EL)LLY
(ix) of Tier 2 Capital) (ix)
GVPTLWLKG\L3LGVGÉL¶LLB 7I¶LK 4528.80 4528.80 (<L) Investment Reserve (Part 4528.80 4528.80 (B) (x)
*LXBUIEL)LLY
(x) of Tier 2 Capital)
W:*LLT¶LKÉLLGK¶LLTBELT$¶LLU 5489.55 5489.55 (Y) Minority Interest 5489.55 5489.55 (C)
ERZ*LXBUI 425218.62 424962.95 ( L) Total Capital 425218.62 424962.95 (D)
ii U&LLKLGL¶LLB 5152454.30 5152454.30 (.) ii Deposits 5152454.30 5152454.30 (E)
GUV&LTBMT$L4BELTBEIU&LLKLGL¶LLB 461531.30 461531.30 (.) of which: Deposits from 461531.30 461531.30 (E) (i)
(i) banks
GUV&LTBMTY[LHELTBEI 4690923.00 4690923.00 (.) of which: Customer 4690923.00 4690923.00 (E) (ii)
U&LLKLGL¶LLB (ii) deposits
GUV&LTBMTW6¶L 0 0 (.) of which: Other deposits 0 0 (E)
U&LLKLGL¶LLB ²*L¶LL-*LrEKTB
(iii) (pl. specify) (iii)
iii NÉLLK 592047.60 592047.60 (Q) iii Borrowings 592047.60 592047.60 (F)
GUV&LTB MT)LLK3LI¶LGKUP;$L4E
B MT 12710.00 12710.00 (Q) (i) of which: From RBI 12710.00 12710.00 (F) (i)
GUV&LTBMT$L4BELTBMT 89603.30 89603.30 (Q) (ii) of which: From banks 89603.30 89603.30 (F) (ii)
GUV&LTBMTW6¶LMB-'LLWLTB PB 48915.30 48915.30 (Q) of which: From other 48915.30 48915.30 (F)
UTBGM¶LLTBMT (iii) institutions & agencies (iii)
GUV&LTBMTW6¶L ²*L¶LL 215692.10 215692.10 (Q) of which: Others 215692.10 215692.10 (F)
-*LrEKTB
(iv) (pl. specify) (iv)
GUV&LTBMT*LXBUI 225126.90 225126.90 (Q) (v) of which: Capital 225126.90 225126.90 (F) (v)
GZG<L3L instruments
GUV&LTBMT of which -
E
7I*LXBUIETGZ *LLL 29143.50 29143.50 (Q)(vi) (a) Eligible for AT1 Capital 29143.50 29143.50 F(vi)
150
okf"kZd fjiksVZ
7TDZ.I *L2*LXBUIEIMBKQVLG&LZLVMB$LBÉLIW*LT\LL B QKL

Table DF -12: Composition of Capital-Reconciliation
Requirements (Step 2)
GPºLI¶LGPPKLLTBET M&LTEVET MBO)L; Balance sheet Balance Ref
WVRMLK3LRZV*LL GPGV¶LL&LEOL¶LKT MB as in financial sheet under No.
ETWB3LY;3L3LRZV statements regulatory
*LL scope of
GK*LLT7YG3LG'L GK*LLT7YG3LG'L consolidation
EI EI As on reporting As on reporting
G-'LG3LETWVRMLK G-'LG3LETWVRMLK date 31.03.2015 date 31.03.2015
<L
7I¶LK*LXBUIETGZ 93230.00 93230.00 Q
(b) Eligible for Tier 2 93230.00 93230.00 F(vii)
*LLL (vii) Capital
iv W6¶LOT¶L3LL B PBÈLPÉLLV 189725.90 189725.90 (/) iv Other liabilities & 189725.90 189725.90 (G)
provisions
GUV&LTBMTYR.GPZMTMB$LBGÉL3L 0 0 (/) (i) of which DTLs related to 0 0 (G) (i)
.I7I Z goodwill
GUV&LTBMTW&LX3L;WLG-3L¶LLTBMT 0 0 (/) (ii) of which DTLs related to 0 0 (G)
MB$LBGÉL3L.I7I Z intagible assets (ii)
ERZ 6359446.42 6359190.75 Total 6359446.42 6359190.75
<L WL8G-3L¶LLB B Assets
i )LLK3LI¶LGKUP;$L4BEET*LLM 244357.80 244357.80 (U) (i) i Cash and balances with 244357.80 244357.80 (H) (i)
VEO PBLTL Reserve Bank of India
$L4BELTBET*LLMLTLWL4K&LLBYWL4K 338234.45 338234.45 (U) (ii) Balance with banks and 338234.45 338234.45 (H)
W:*LMXQVL*LKÈG3LOT¶LKLGL money at call and short (ii)
notice
ii GVPTL 1567616.60 1567616.60 ( ) ii Investments 1567616.60 1567616.60 (I)
GUV&LTBMTMKELKIÈG3L)LXG3L¶LLB 1275788.50 1275788.50 () (i) of which: Government 1275788.50 1275788.50 (I) (i)
securities
GUV&LTBMTW6¶LWVR&LLTGO3L 1878.40 1878.40 () (ii)
of which : Other 1878.40 1878.40 (I) (ii)
ÈG3L)LXG3L¶LLB approved securities
GUV&LTBMTLT¶LK 36043.60 36043.60 ( ) of which: Shares 36043.60 36043.60 (I) (iii)
(iii) of which: Debentures & 165398.10 165398.10 (I) (iv)
GUV&LTBMTG.$LTBQK3L'LL$LL8. 165398.10 165398.10 ( ) Bonds
(iv)
of which: Subsidiaries / 12712.00 12712.00 (I) (v)
GUV&LTBMTWVRLBYIEB*LGV¶LLB! 12712.00 12712.00 () (v) Joint/Centures/Associates
MB¶LR%SN]&L!MH¶LLTYIMB-'LL B of which: Others 75796.00 75796.00 (I) (vi)
GUV&LTBMTW6¶L PLGLG5¶LE 75796.00 75796.00 ( ) (Commercial Papers,
*LL>&¶LX1LRWZ*L2B.WLGO
(vi) Mutual Funds etc.)
iii Loans and advances 4046140.60 4046140.60 (J)
iiiL3L'LLWGY[&L 4046140.60 4046140.60 (¸L)
of which: Loans and 418397.30 418397.30 (J) (i)
GUV&LTBMT$L4BELTBELTL3L'LL 418397.30 418397.30 (¸L) (i) advances to banks
WGY[&L
of which: Loans and 3627743.30 3627743.30 (J) (ii)
GUV&LTBMTY[LHELTBELTL 3627743.30 3627743.30 (¸L) (ii) advances to customers
3L'LLWGY[&L iv Fixed assets 36557.70 36557.70 (K)
iv WQZWL8G-3L¶LLB 36557.70 36557.70 (7)
v Other assets 127204.60 126948.93 (L)
v W6¶LWL8G-3L¶LLB 127204.60 126948.93 (#)
of which : Goodwill and 921.00 921.00 (L) (i)
GUV&LTBMTML<L YR.GPZ
921.00 921.00 (#) (i) intangible assets, out of
3L'LLW&LX3L;WL8G-3L¶LLB>GUV&LTBMT which :
YR.GPZ 0 0 (#) (i) Goodwill 0 0 (L) (i)
W6¶LW&LX3L;WL8G-3L¶LLB 921.00 921.00 (#) (i) Other intangibles 921.00 921.00 (L) (i)
&L MWLKELT/LT.EK
(excluding MSRs)
WL-'LGY3LEKWL8G-3L¶LLB 14793.80 14793.80 (#) (i) Deferred tax assets 14793.80 14793.80 (L) (i)
vi M&LTEV*LKYR.GPZ -665.33 -665.33 (.) vi Goodwill on -665.33 -665.33 (M)
consolidation
vii ZL)L3L'LLHLGV<LL3LT&LTBVL&LTLTL 0.00 0.00 () vii Debit balance in Profit & 0.00 0.00 (N)
Loss accounts
ERZM&JGºLLB 6359446.42 6359190.75 Total Assets 6359446.42 6359190.75
151
7TDZ.I *L2 -7T*L
Table DF-12 (Step 3)
$LTMZ"""ML&LL6¶LÈE7IEKL7T&*ZT7ELNKL ELZ&LELTULT.EK
7T$LZ.I *L2 Extract of Basel III common disclosure template (with added column) –
)LLY!)LLY
""ULT)LIZLYXHLT Table DF-11 (Part I / Part II whichever, applicable)
ML&LL6¶LCG%P7I7I¶LK"*LXBUIGZG<L3LWL4KWLKG\L3L Common Equity Tier 1 capital: instruments and reserves
$L4BE^LKLGK*LLT7;EIYC; -7T*LMT Component Source based
GPGV¶LL&LE*LXBUIET L7E M&LTEVEI of regulatory on reference
GPGV¶LL&LE capital numbers/
MB)LLPVLET reported by letters of the
WB3LY;3L3LRZV*LL bank balance sheet
ETMBO)L; under the
MB!*LLLTB*LK regulatory
WLÉLLGK3L°LT3L scope of
consolidation
from step 2
MIÉLTULKIEIY¶LIWH;3LLÈL*3LML&LL6¶L 3709.20 1 Directly issued qualifying 3709.20 e
LT¶LK*LXBUIWL4KMB$LBGÉL3L-7L8EWGÉLLTL common share (and equivalent
LT¶LKÈIG&L¶L&L
for non-joint stock companies)
capital plus related stock surplus
ÈG3LÉLLGK3LWL¶L 2766.5 2 Retained earnings 2766.5
MBGQ3LW6¶L0¶LL*LEWL¶L WL4KW6¶L 386780.13 3 Accumulated other 386780.13
WLKG\L3LGVGÉL¶LLB
comprehensive income (and
other reserves)
MIC;7IMTÉLIKTÉLIKTM&LL*3LHLTVTET 0 4 Directly issued capital subject 0
WÉLIVMIÉLTULKIEIYC;*LXBUI ETPZY4K to phase out from CET1 (only
MB¶LR%S-7L8EEB*LGV¶LLTBETGZ ZLYX
applicable to non- joint stock
companies)
MHL¶LECELC¶LLTB^LKLULKIEIYC;WL4K 2120.40 5 Common share capital issued by 2120.40
3LIMKT*L\L MIC;7IM&LXH&LTBWVR&L3L subsidiaries and held by third
KLGL
^LKLÉLLGK3LML&LL6¶LLT¶LK*LXBUI parties
(amount allowed in group CET1)
GPGV¶LL&LEM&LL¶LLTUVLTBMT*LHZTML&LL6¶L 395376.23 6 Common Equity Tier 1 capital 395376.23
C;G%P7IG7¶LK*LXBUI before regulatory adjustments
GPPTE*LXL;&LX:¶LLBEVM&LL¶LLTUV 0 7 Prudential valuation adjustments 0
YR.GPZ M&$LG6ÉL3LEKOT¶L3LLELGVPZ
0 EY 8 Goodwill (net of related tax 0 a-c
liability)
7TDZ.I *L2GPGV¶LL&LE*LXBUIGZG<L3LLTBEI&LR<¶LGPLTL3LL B Table DF-13: Main Features of Regulatory Capital instruments
GPGV¶LL&LE*LXBUIGZ<LSLTBETÈ&LR<L3L3PLTBETÈE7IEKLETGZ 7T&*ZT7 Disclosure template for main features of regulatory capital
instruments
ULKIE3LL; *LBUL$LV4LVZ$L4BE 1 Issuer PNB

GPGL7*LHQLVE3LL; NOLHKL WLC; VC; 2 Unique identifier (e.g. CUSIP, ISIN INE160A01022
MI¶LX MWLC;*LI>WLC; MWLC; VW'LPLGVUI or Bloomberg identifier for private
GV¶LRG%S¶LLTBETGZ $ZX&L$LY;*LHQLVE3LL; placement)
GZ<L3LLTBELGV¶LBLLEKVTPLZTGV¶L&L )LLK3LI¶LMBGPÉLLVZLYX 3 Governing law(s) of the instrument Applicable Indian statutes and
GPGV¶LL&LE7I7&LTB7 GPGV¶LL&LEW*LT\LL B Regulatory treatment Regulatory requirements
MB¹&LLELGZE$LTMZ"""GV¶L&L 4 Transitional Basel III rules
NºLKMB¹&LLELGZE$LTMZ"""GV¶L&L ML&LL6¶LCG%P7I7I¶LK" 5 Post-transitional Basel III rules Common Equity Tier 1
EZ!M&LXH!M&LXH PB EZ-3LK*LK*LLL EZ 6 Eligible at solo/group/group & solo Solo
GZ<L3LELÈELK ML&LL6¶L 7 Instrument type Ordinary
GPGV¶LL&LE*LXBUI&LTBLLG&LZEIYC;KLGL 8 Amount recognised in regulatory 3709.11
G&LGZ¶LV*L¶LT&LTB>W]3LVGK*LLT7;EIYC; capital (` in million, as of most
G3LG'LETWVRMLK
recent reporting date)
GZ<L3LELM&L&LX:¶L `!ÈG3LML&LL6¶LLT¶LK 9 Par value of instrument `2/- per common share
ZT<LLBEVPYI;EKL CG%P7I*LXBUI 10 Accounting classification Equity Capital
ULKIEKVTEI&LXZG3LG'L WL4KNMET$LLOGPG)L£ 11 Original date of issuance 19.07.1969 and various dates
G3LG'L¶LLB thereafter
152
okf"kZd fjiksVZ
M3L3LW'LPLGOVLBGE3L $LTG&L¶LLOI 12 Perpetual or dated Perpetual

&LXZ*LGK*L%P3LLG3LG'L ZLYXVHIB 13 Original maturity date Not Applicable
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIVULKIE3LL; ZLYXVHIB 14 Issuer call subject to prior Not Applicable
EL8Z supervisory approval
P4EG:*LEEL8ZGOVLBE>WLEG-&LEEL8Z ZLYXVHIB 15 Optional call date, contingent call Not Applicable
GOVLBE PB&LLTQVKLGL dates and redemption amount
WVRP3LI;EL8ZGOVLBE>¶LGOZLYXHLT ZLYXVHIB 16 Subsequent call dates, if applicable Not Applicable
EX*LV!ZL)LLBL ZL)LLBL Coupons / dividends Dividends
G-'LKW'LPLWG-'LKZL)LLBL!EX*LV ¾ZLT7YZL)LLBL 17 Fixed or floating dividend/coupon Floating Dividend
EX*LVOKW'LPLELTC; W6¶LMB$LBGÉL3LMXQELBE ZLYXVHIB 18 Coupon rate and any related index Not Applicable
ZL)LLBLKLTÉLEELWG-3L3P ZLYXVHIB 19 Existence of a dividend stopper Not Applicable
*LXL;GPPTELGÉLELK>WÉL;GPPTELGÉLELK *LXL;GPPTELGÉLELK 20 Fully discretionary, partially Fully Discretionary
W'LPLWGVPL¶L; discretionary or mandatory
)LRVLVTETGZ -7T*LW*LW'LPLW6¶L ZLYXVHIB 21 Existence of step up or other Not Applicable
ÈLT3MLHVKLGLELWG-3L3P incentive to redeem
Y4KMBQ¶LIW'LPLMBQ¶LI Y4KMBQ¶LI 22 Noncumulative or cumulative Non-cumulative
*LGKP3L;VI¶LW'LPLW*LGKP3L;VI¶L ZLYXVHIB 23 Convertible or non-convertible Not Applicable
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VG7YK ZLYXVHIB 24 If convertible, conversion trigger(s) Not Applicable
¶LGO*LGKP3L;VI¶LH43LLT>*LXL;3LW'LPLWBL3L ZLYXVHIB 25 If convertible, fully or partially Not Applicable
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VOK ZLYXVHIB 26 If convertible, conversion rate Not Applicable
¶LGO*LGKP3L;VI¶LH43LLT>WGVPL¶L;W'LPL ZLYXVHIB 27 If convertible, mandatory or Not Applicable
P4EG:*LE*LGKP3L;V optional conversion
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3L ZLYXVHIB 28 If convertible, specify instrument Not Applicable
ETÈELKELTGPGVO7EKTB type convertible into
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3L ZLYXVHIB 29 If convertible, specify issuer of Not Applicable
ETULKIE3LL;ELTGPGVO7EKTB instrument it converts into
WPZT<LVGPLTL3LL B VHIB 30 Write-down feature No
¶LGOWPGZG<L3LH43LLT>WPZT<LVG7YK ZLYXVHIB 31 If write-down, write-down trigger(s) Not Applicable
¶LGOWPGZG<L3LH43LLT>*LXL;3LW'LPLWBL3LZLYXVHIB 32 If write-down, full or partial Not Applicable
¶LGOWPGZG<L3LH43LLT>-'LLC;W'LPL ZLYXVHIB 33 If write-down, permanent or Not Applicable
W-'LLC; temporary
¶LGOW-'LLC;WPZT<LVH43LLTKLC;7W*L ZLYXVHIB 34 If temporary write-down, Not Applicable
ÈLLZIELGPPKL description of write-up mechanism
*LGKM&LL*LV&LTBWÉLIV3LL-'LLV&LTB*LO¹&L M)LIW6¶LLE3LL;WLTBETWÉLIV 35 Position in subordination hierarchy Subordinate to all other
NkT<LEKTB
in liquidation (specify instrument creditors.
type immediately senior to
instrument)
Y4KEL¶LL;G6P3LMB¹&LLGPLTL3LL B ZLYXVHIB 36 Non-compliant transitioned Not Applicable
features
¶LGOHLB>Y4KEL¶LL;G6P3LGPLTL3LLWLTBELT ZLYXVHIB 37 If yes, specify non-compliant Not Applicable
GPGVO7EKVL features
7TDZ.I *L2GPGV¶LL&LE*LXBUIGZ<L3LLTBEI&LR<¶LGPLTL3LL B Table DF-13: Main Features of Regulatory Capital instruments

GPGV¶LL&LE*LXBUIGZ<L3LLTBETÈ&LR<L3L3PLTBETÈE7IEKLETGZ 7T&*ZT7 Disclosure template for main features of regulatory capital
instruments
MIKIuLXI Series XI
ULKIE3LL; *LBUL$LV4LVZ$L4BE 1 Issuer PUNJAB NATIONAL BANK
GPGL7 *LHQLVE3LL; NOLHKL MI¶LX MWLC;*LI> WLC; VC; 2 Unique identifier (e.g. CUSIP, ISIN INE160A09124
WLC; MWLC; V W'LPL GVUI GV¶LRG%S¶LLTB ET GZ or Bloomberg identifier for private
$ZX&L$LY;*LHQLVE3LL;
placement)
GZ<L3LLTBELGV¶LBLLEKVTPLZTGV¶L&L )LLK3LI¶LGKUP;$L4BE 3 Governing law(s) of the instrument RBI
GPGV¶LL&LE7I7&LTB7 Regulatory treatment
153
MIKIuLXI Series XI
MB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK""$LLB._M 4 Transitional Basel III rules Tier II Bonds
NºLKMB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK""$LLB._M 5 Post-transitional Basel III rules Tier II Bonds
EZ!M&LXH!M&LXH PB EZ-3LK*LK*LLL EZ 6 Eligible at solo/group/ group & solo Solo
GZ<L3LELÈELK WKG\L3L)LRVLVT¶LLT9¶LW*LGKP3L;VI¶LYL4L 7 Instrument type Unsecured Redeemable
W*LKG7¶LK""$LLB. L*LXBUIGZ<L3L
Non convertible
MIKIUXI>PQV*LLEIÈ²G3L&LTB Subordinated upper Tier
II Bonds (Debts Capital
Instruments) Series XI in the
nature of Promissory Note.
GPGV¶LL&LE*LXBUI&LTB LLG&LZEIYC; KLGL G&LGZ¶LV 8 Amount recognised in regulatory 8848
*L¶LT&LTB>W]3LVGK*LLT7;EIYC;G3LG'LETWVRMLK
capital (` in million, as of most recent
reporting date)
GZ<L3LELM&L&LX:¶L `G&LGZ¶LV 9 Par value of instrument Rs 1 million
ZT<LLBEVPYI;EKL OT¶L3LL 10 Accounting classification Liability
ULKIEKVTEI&LXZG3LG'L UXV> 11 Original date of issuance 16-Jun-06
M3L3LW'LPLGOVLBGE3L GOVLBGE3L 12 Perpetual or dated DATED
&LXZ*LGK*L%P3LLG3LG'L WÈ4Z> 13 Original maturity date 16-Apr-16
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIVULKIE3LL;EL8Z WL$LB7VEIMB)LLGP3LG3LG'LMTPL; 14 Issuer call subject to prior supervisory At par at the end of 10th
EIM&LLG*3L*LKM&L&LX:¶L*LK )LLGK approval year from deemed date of
$L4BEEI*LXP;WVR&LG3LMT
allotment (with the prior
permission of RBI)
P4EG:*LE EL8Z GOVLBE> WLEG-&LE EL8Z GOVLBE )LLGK$L4BEET GOLLGVOT;LLÉLIV>¶LGO 15 Optional call date, contingent call Subject to RBI Guidelines,
PB&LLTQVKLGL PL; EI M&LLG*3L *LK EL8Z È¶LLTY dates and redemption amount at par at the end of the
VHIB EIYC; 3LLT WL$LB7VG3LG'LMT 15th year from the date
PL;EIM&LLG*3L*LKM&L&LX:¶L*LK of allotment, if the call is
not exercised at the end of
10th year
WVRP3LI;EL8ZGOVLBE>¶LGOZLYXHLT ZLYXVHIB 16 Subsequent call dates, if applicable NA
EX*LV!ZL)LLBL EX*LV Coupons / dividends Coupon
G-'LKW'LPLWG-'LKZL)LLBL!EX*LV G-'LK 17 Fixed or floating dividend/coupon Fixed
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3LMXQELBE ÈG3LPL; 18 Coupon rate and any related index 8.45% p.a.
ZL)LLBLKLTÉLEELWG-3L3P VHIB 19 Existence of a dividend stopper NO
*LXL; GPPTELGÉLELK> WÉL;GPPTELGÉLELK W'LPL WGVPL¶L; 20 Fully discretionary, partially Mandatory
WGVPL¶L; discretionary or mandatory
)LRVLVTETGZ -7T*LW*LW'LPLW6¶LÈLT3MLHVKLGL VHIB 21 Existence of step up or other incentive NO
ELWG-3L3P to redeem
Y4KMBQ¶LIW'LPLMBQ¶LI Y4KMBQ¶LI 22 Noncumulative or cumulative Noncumulative
*LGKP3L;VI¶LW'LPLW*LGKP3L;VI¶L W*LGKP3L;VI¶L 23 Convertible or non-convertible Nonconvertible
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VG7YK ZLYXVHIB 24 If convertible, conversion trigger(s) NA
¶LGO*LGKP3L;VI¶LH43LLT>*LXL;3LW'LPLWBL3L ZLYXVHIB 25 If convertible, fully or partially NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VOK ZLYXVHIB 26 If convertible, conversion rate NA
¶LGO *LGKP3L;VI¶L H4 3LLT> WGVPL¶L; W'LPL P4EG:*LE ZLYXVHIB 27 If convertible, mandatory or optional NA
*LGKP3L;V conversion
¶LGO*LGKP3L;VI¶LH4 3LLT>*LGKP3L;VI¶LGZ<L3LET ÈELK ZLYXVHIB 28 If convertible, specify instrument type NA
ELTGPGVO7EKTB convertible into
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3LETULKIE3LL; ZLYXVHIB 29 If convertible, specify issuer of NA
ELTGPGVO7EKTB instrument it converts into
WPZT<LVGPLTL3LL B ZLYXVHIB 30 Write-down feature NA
¶LGOWPGZG<L3LH43LLT>WPZT<LVG7YK ZLYXVHIB 31 If write-down, write-down trigger(s) NA
¶LGOWPGZG<L3LH43LLT>*LXL;3LW'LPLWBL3L ZLYXVHIB 32 If write-down, full or partial NA
¶LGOWPGZG<L3LH43LLT>-'LLC;W'LPLW-'LLC; ZLYXVHIB 33 If write-down, permanent or NA
temporary
154
okf"kZd fjiksVZ
MIKIuLXI Series XI
¶LGOW-'LLC; WPZT<LVH4 3LLT KLC;7W*LÈLLZIEL ZLYXVHIB 34 If temporary write-down, description NA
GPPKL of write-up mechanism
*LGKM&LL*LV&LTB WÉLIV3LL-'LLV&LTB *LO¹&L GZ<L3LET M)LIU&LLE3LL;WL4KW6¶LLE3LL; 35 Position in subordination hierarchy in All depositors and other
GVE73L&LPGK#GZ<L3LÈELKELNkT<LEKTB
liquidation (specify instrument type creditors
immediately senior to instrument)
Y4KEL¶LL;G6P3LMB¹&LLGPLTL3LL B VHIB 36 Non-compliant transitioned features NO
¶LGO HLB> Y4K EL¶LL;G6P3L GPLTL3LLWLTB ELT GPGVO7 ZLYXVHIB 37 If yes, specify non-compliant features NA
EKVL
Table DF-13: Main Features of Regulatory Capital instruments
7TDZ.I *L2GPGV¶LL&LE*LXBUIGZG<L3LLTBEI&LR<¶LGPLTL3LL B
Disclosure template for main features of regulatory capital
GPGV¶LL&LE*LXBUIGZG<L3LLTBETÈ&LR<L3L3PLTBETÈE7IEKLETGZ 7T&*ZT7 instruments
MIKIuLXII
Series XII
GPGL7*LHQLVE3LL; NOLHKLMI¶LX MWLC;*LI> WLC; VC; 2 Unique identifier (e.g. CUSIP, ISIN INE160A09132
WLC; MWLC; VW'LPLGVUIGV¶LRG%S¶LLTBETGZ or Bloomberg identifier for private
placement)
GZG<L3LLTBELGV¶LBLLEKVTPLZTGV¶L&L )LLK3LI¶LGKUP;$L4BE 3 Governing law(s) of the instrument RBI
GZ<L3LELÈELK WKG\L3L)LRVLVT¶LLT9¶LW*LGKP3L;VI¶L 7 Instrument type Unsecured Redeemable Non
YL4LW*LKG7¶LK""$LLB. L convertible Subordinated
*LXBUIGZG<L3L
MIKIUXIIPQV upper Tier II Bonds (Debts
*LLEIÈ²G3L&LTB Capital Instruments) Series XII
in the nature of Promissory
Note.
GPGV¶LL&LE*LXBUI&LTBLLG&LZEIYC;KLGL 8 Amount recognised in regulatory 1150
G&LGZ¶LV*L¶LT&LTB>W]3LVGK*LLT7;EIYC;G3LG'L capital (` in million, as of most
ETWVRMLK
GZG<L3LELM&L&LX:¶L `G&LGZ¶LV 9 Par value of instrument ` 1 million
ZT<LLLBEVPYI;EKL OT¶L3LL 10 Accounting classification Liability
ULKIEKVTEI&LXZG3LG'L WY-3L> 11 Original date of issuance 16-Aug-06
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIVULKIE3LL;EL8Z WL$LB7VEIMB)LLGP3LG3LG'LMT 14 Issuer call subject to prior At par at the end of 10th
PL;EIM&LLG*3L*LKM&L&LX:¶L supervisory approval year from deemed date of
*LK )LLGK$L4BEEI*LXP;WVR&LG3L allotment (with the prior
MT
permission of RBI)
P4EG:*LEEL8ZGOVLBE>WLEG-&LEEL8Z )LLGK$L4BEETGOLLGVOT;LLÉLIV> 15 Optional call date, contingent call Subject to RBI Guidelines, at
GOVLBE PB&LLTQVKLGL ¶LGOPL;EIM&LLG*3L*LKEL8Z dates and redemption amount par at the end of the 15th year
È¶LLTYVHIBEIYC;3LLTWL$LB7V from the date of allotment, if
G3LG'LMTPL;EIM&LLG*3L*LK the call is not exercised at the
M&L&LX:¶L*LK end of 10th year
WVRP3LI;EL8ZGOVLBE>¶LGOZLYXHLT VHIB 16 Subsequent call dates, if applicable NO
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3LMXQELBE ÈG3LPL; 18 Coupon rate and any related index 9.15% p.a.
*LXL;GPPTELGÉLELK>WÉL;GPPTELGÉLELKW'LPL WGVPL¶L; 20 Fully discretionary, partially Mandatory
155
MIKIuLXII
Series XII
)LRVLVTETGZ -7T*LW*LW'LPLW6¶LÈLT3MLHV VHIB 21 Existence of step up or other NO
KLGLELWG-3L3P incentive to redeem
¶LGO*LGKP3L;VI¶LH43LLT>WGVPL¶L;W'LPL ZLYXVHIB 27 If convertible, mandatory or NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZG<L3LET ZLYXVHIB 28 If convertible, specify instrument NA
ÈELKELTGPGVO7EKTB type convertible into
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZG<L3LET ZLYXVHIB 29 If convertible, specify issuer of NA
ULKIE3LL;ELTGPGVO7EKTB instrument it converts into
temporary
¶LGOW-'LLC;WPZT<LVH43LLTKLC;7W*LÈLLZI ZLYXVHIB 34 If temporary write-down, NA
ELGPPKL description of write-up mechanism
*LGKM&LL*LV&LTBWÉLIV3LL-'LLV&LTB*LO¹&L M)LIU&LLE3LL;WL4KW6¶LLE3LL; 35 Position in subordination hierarchy All depositors and other
GZG<L3LETGVE73L&LPGK#GZG<L3LÈELKEL in liquidation (specify instrument creditors
NkT<LEKTB
instrument)
¶LGOHLB>Y4KEL¶LL;G6P3LGPLTL3LLWLTBELTGPGVO7 ZLYXVHIB 37 If yes, specify non-compliant NA
EKVL features

instruments
MIKIUXIII Series XIII

placement)
GZG<L3LLTBELGV¶LBLLEKVTPLZTGV¶L&L )LLK3LI¶LGKUP;$L4BE 3 Governing law(s) of the instrument RBI
MB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK"" 4 Transitional Basel III rules Tier II
NºLKMB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK"" 5 Post-transitional Basel III rules Tier II
GZG<L3LELÈELK WKG\L3L )LRVLVT ¶LLT9¶L W*LGKP3L;VI¶L YL4L 7 Instrument type Unsecured Redeemable
W*LKG7¶LK""$LLB. L*LXBUIGZG<L3L
Non convertible
MIKIUXIII>PQV*LLEIÈ²G3L&LTB Subordinated upper Tier
II Bonds (Debts Capital
Instruments) Series XIII in
the nature of Promissory
Note.
GPGV¶LL&LE*LXBUI&LTB LLG&LZEIYC; KLGL G&LGZ¶LV 8 Amount recognised in regulatory 5000
reporting date
GZG<L3LELM&L&LX:¶L `G&LGZ¶LV 9 Par value of instrument `1 million
ULKIEKVTEI&LXZG3LG'L GM3L&$LK> 11 Original date of issuance 8-Sep-06
156
okf"kZd fjiksVZ
MIKIuLXIII
Series XIII
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIVULKIE3LL;EL8Z WL$LB7VEIMB)LLGP3LG3LG'LMTPL;EI 14 Issuer call subject to prior supervisory At par at the end of 10th
M&LLG*3L*LKM&L&LX:¶L*LK )LLGK$L4BEEI approval year from deemed date of
*LXP;WVR&LG3LMT
permission of RBI)
P4EG:*LE EL8Z GOVLBE> WLEG-&LE EL8Z GOVLBE )LLGK$L4BEET GOLLGVOT;LLÉLIV>¶LGO 15 Optional call date, contingent call Subject to RBI Guidelines,
PB&LLTQVKLGL PL; EI M&LLG*3L *LK EL8Z È¶LLTY VHIB dates and redemption amount at par at the end of the
EIYC;3LLTWL$LB7VG3LG'LMTPL;EI 15th year from the date of
M&LLG*3L*LKM&L&LX:¶L*LK allotment, if the call is not
exercised at the end of 10th
year
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3LMXQELBE ÈG3LPL; 18 Coupon rate and any related index 8.95% p .a.
*LXL;GPPTELGÉLELK>WÉL;GPPTELGÉLELKW'LPLWGVPL¶L; WGVPL¶L; 20 Fully discretionary, partially Mandatory
discretionary or mandatory
)LRVLVTETGZ -7T*LW*LW'LPLW6¶LÈLT3MLHVKLGL VHIB 21 Existence of step up or other incentive NO
ELWG-3L3P to redeem
¶LGO *LGKP3L;VI¶L H4 3LLT> WGVPL¶L; W'LPL P4EG:*LE ZLYXVHIB 27 If convertible, mandatory or optional NA
¶LGO*LGKP3L;VI¶LH4 3LLT>*LGKP3L;VI¶LGZ<L3LET ÈELK ZLYXVHIB 28 If convertible, specify instrument type NA
ELTGPGVO7EKTB convertible into
ELTGPGVO7EKTB instrument it converts into
temporary
¶LGOW-'LLC; WPZT<LVH4 3LLT KLC;7W*LÈLLZIEL ZLYXVHIB 34 If temporary write-down, description NA
GPPKL of write-up mechanism
*LGKM&LL*LV&LTB WÉLIV3LL-'LLV&LTB *LO¹&L GZ<L3LET M)LIU&LLE3LL;WL4KW6¶LLE3LL; 35 Position in subordination hierarchy in All depositors and other
GVE73L&LPGK#GZG<L3LÈELKELN:ZT<LEKTB
¶LGOHLB>Y4KEL¶LL;G6P3LGPLTL3LLWLTB ELTGPGVO7EKVL ZLYXVHIB 37 If yes, specify non-compliant features NA

7TDZ.I *L2GPGV¶LL&LE*LXBUIGZ<L3LLTBEI&LR<¶LGPLTL3LL B
GPGV¶LL&LE*LXBUIGZ<L3LLTBETÈ&LR<L3L3PLTBETÈE7IEKLETGZ 7T&*ZT7 instruments
¶LX7IMIKIuLI
UT Series I
placement)
157
¶LX7IMIKIuLI
UT Series I
GZ<L3LELÈELK PQV*LLEIÈ²G3L&LTBWKG\L3L)LRVLVT 7 Instrument type Unsecured Redeemable
¶LLT9¶LW*LGKP3L;VI¶L$LLB. Non Convertible Bonds in
the nature of Promissory
Notes
GPGV¶LL&LE *LXBUI &LTB LLG&LZ EI YC; KLGL 8 Amount recognised in regulatory 5000
G&LGZ¶LV*L¶LT &LTB>W]3LVGK*LLT7; EIYC; G3LG'L capital (` in million, as of most
ETWVRMLK
GZ<L3LELM&L&LX:¶L `G&LGZ¶LV 9 Par value of instrument `1 million
ULKIEKVTEI&LXZG3LG'L GOM&$LK> 11 Original date of issuance 8-Dec-06
&LXZ*LGK*L%P3LLG3LG'L GOM&$LK> 13 Original maturity date 8-Dec-21
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIVULKIE3LL;EL8Z WL$LB7VEIMB)LLGP3LG3LG'LMTPL; 14 Issuer call subject to prior At par at the end of 10th
EIM&LLG*3L*LKM&L&LX:¶L*LK )LLGK supervisory approval year from deemed date of
permission of RBI)
P4EG:*LEEL8ZGOVLBE>WLEG-&LEEL8ZGOVLBE )LLGK$L4BEET GOLLGVOT;LLÉLIV>¶LGO 15 Optional call date, contingent call Subject to RBI Guidelines,
PB&LLTQVKLGL PL; EI M&LLG*3L *LK EL8Z È¶LLTY dates and redemption amount at par at the end of the
VHIB EIYC; 3LLT WL$LB7VG3LG'LMT 15th year from the date of
PL;EIM&LLG*3L*LKM&L&LX:¶L*LK allotment, if the call is not
year
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3LMXQELBE ¶LGOEL8ZGPE:*LÈ¶LLTYVHIBGE¶LL 18 Coupon rate and any related index 8.80% Annual for first ten
Y¶LLH4 3LLT *LHZT PLLT ET GZ years and 9.30% annual for
PLLEWL4KWBG3L&LPL; ET last 5 years if call option not
GZ PLLE exercised
)LRVLVT ET GZ -7T*L W*L W'LPL W6¶L ÈLT3MLHV VHIB 21 Existence of step up or other NA
¶LGO*LGKP3L;VI¶LH43LLT>WGVPL¶L;W'LPLP4EG:*LE ZLYXVHIB 27 If convertible, mandatory or optional NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3LETÈELK ZLYXVHIB 28 If convertible, specify instrument NA
ELTGPGVO7EKTB type convertible into
¶LGO *LGKP3L;VI¶L H4 3LLT> *LGKP3L;VI¶L GZ<L3L ET ZLYXVHIB 29 If convertible, specify issuer of NA
¶LGOWPGZG<L3LH43LLT>-'LLC;W'LPLW-'LLC; ZLYXVHIB 33 If write-down, permanent or temporary NA
158
okf"kZd fjiksVZ
¶LX7IMIKIuLI
UT Series I
¶LGO W-'LLC; WPZT<LV H4 3LLT KLC;7 W*L ÈLLZI ZLYXVHIB 34 If temporary write-down, description NA
ELGPPKL of write-up mechanism
*LGKM&LL*LV&LTBWÉLIV3LL-'LLV&LTB*LO¹&L GZ<L3LET M)LIU&LLE3LL;WL4KW6¶LLE3LL; 35 Position in subordination hierarchy All depositors and other
in liquidation (specify instrument creditors
instrument)

¶LX7IMIKIuLII
UT Series II
GPGL7 *LHQLVE3LL; NOLHKL MI¶LX MWLC;*LI> WLC; VC; 2 Unique identifier (e.g. CUSIP, INE160A09173
WLC; MWLC; V W'LPL GVUI GV¶LRG%S¶LLTB ET GZ ISIN or Bloomberg identifier for
private placement)
GZ<L3LLTBELGV¶LBLLEKVTPLZTGV¶L&L )LLK3LI¶LGKUP;$L4BE 3 Governing law(s) of the RBI
instrument
EZ!M&LXH!M&LXH PB EZ-3LK*LK*LLL EZ 6 Eligible at solo/group/ group & Solo
solo
GZ<L3LELÈELK WKG\L3L )LRVLVT ¶LLT9¶L W*LGKP3L;VI¶L 7 Instrument type Unsecured Redeemable Non
YL4LW*LKG7¶LK""$LLB. L*LXBUI convertible Subordinated upper
GZ<L3L
MIKIU ""> PQV *LL EI Tier II Bonds (Debts Capital
È²G3L&LTB Instruments) Series II in the
GPGV¶LL&LE*LXBUI&LTBLLG&LZEIYC;KLGL G&LGZ¶LV 8 Amount recognised in 5000
*L¶LT &LTB> W]3LV GK*LLT7; EI YC; G3LG'L ET regulatory capital (` in million,
WVRMLK
as of most recent reporting date)
ULKIEKVTEI&LXZG3LG'L GOM&$LK> 11 Original date of issuance 12-Dec-07
&LXZ*LGK*L%P3LLG3LG'L GOM&$LK> 13 Original maturity date 12-Dec-22
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIVULKIE3LL;EL8Z WL$LB7VEIMB)LLGP3LG3LG'LMTPL; 14 Issuer call subject to prior At par at the end of 10th year
EIM&LLG*3L*LKM&L&LX:¶L*LK )LLGK supervisory approval from deemed date of allotment
(with the prior permission of
RBI)
P4EG:*LEEL8ZGOVLBE>WLEG-&LEEL8ZGOVLBE )LLGK$L4BEET GOLLGVOT;LLÉLIV>¶LGO 15 Optional call date, contingent Subject to RBI Guidelines, at par
PB&LLTQVKLGL PL; EI M&LLG*3L *LK EL8Z È¶LLTY call dates and redemption at the end of the 15th year from
VHIB EIYC; 3LLT WL$LB7VG3LG'LMT amount the date of allotment, if the call
PL;EIM&LLG*3L*LKM&L&LX:¶L*LK is not exercised at the end of
10th year
WVRP3LI;EL8ZGOVLBE>¶LGOZLYXHLT VHIB 16 Subsequent call dates, if NO
applicable
G-'LKW'LPLWG-'LKZL)LLBL!EX*LV G-'LK 17 Fixed or floating dividend/ Fixed
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3LMXQELBE ¶LGOEL8ZGPE:*LÈ¶LLTYVHIBGE¶LL coupon
Y¶LL H4 3LLT *LHZT PLLT ET GZ 18 Coupon rate and any related 9.35% Annual for first ten years
PLLEWL4KWBG3L&LPL; ET index and 9.85% annual for last 5
GZ PLLE years if call option not exercised
159
¶LX7IMIKIuLII
UT Series II
)LRVLVT ET GZ -7T*L W*L W'LPL W6¶L ÈLT3MLHV VHIB 21 Existence of step up or other NO
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VG7YK ZLYXVHIB 24 If convertible, conversion NA
trigger(s)
¶LGO*LGKP3L;VI¶LH4 3LLT>WGVPL¶L; W'LPLP4EG:*LE ZLYXVHIB 27 If convertible, mandatory or NA
*LGKP3L;V optional conversion
¶LGOWPGZG<L3LH43LLT>WPZT<LVG7YK ZLYXVHIB 31 If write-down, write-down NA
trigger(s)
¶LGOWPGZG3LH43LLT>-'LLC;W'LPLW-'LLC; ZLYXVHIB 33 If write-down, permanent or NA
temporary
¶LGO W-'LLC; WPZT<LV H4 3LLT KLC;7 W*L ÈLLZI ZLYXVHIB 34 If temporary write-down, NA
ELGPPKL description of write-up
mechanism
*LGKM&LL*LV&LTBWÉLIV3LL-'LLV&LTB*LO¹&L GZ<L3LET M)LIU&LLE3LL;WL4KW6¶LLE3LL; 35 Position in subordination All depositors and other creditors
hierarchy in liquidation (specify
instrument type immediately
senior to instrument)
Y4KEL¶LL;G6P3LMB¹&LLGPLTL3LL B M)LIU&LLE3LL;WL4KW6¶LLE3LL; 36 Non-compliant transitioned All depositors and other creditors
features
¶LGOHLB>Y4KEL¶LL;G6P3LGPLTL3LLWLTB ELT GPGVO7 ZLYXVHIB 37 If yes, specify non-compliant NA
EKVL features

GPGV¶LL&LE*LXBUIGZ<L3LLTBETÈ&LR<L3L3PLTBETÈE7IEKLETGZ 7T&*ZT7
instruments
¶LX7IMIKIuLIII
UT series III
placement)
YL4LW*LKG7¶LK""$LLB. L*LXBUI convertible Subordinated
GZ<L3L
MIKIU""">PQV*LLEI upper Tier II Bonds (Debts
È²G3L&LTB Capital Instruments) Series III
Note.
160
okf"kZd fjiksVZ
¶LX7IMIKIuLIII
UT series III
GPGV¶LL&LE*LXBUI&LTB LLG&LZEIYC; KLGL ` 8 Amount recognised in regulatory 5100
G&LGZ¶LV &LTB> W]3LV GK*LLT7; EI YC; G3LG'L ET capital (` in million, as of most
WVRMLK
GZ<L3LELM&L&LX:¶L `G&LGZ¶LV 9 Par value of instrument ` 1 million
ULKIEKVTEI&LXZG3LG'L &LLQ;> 11 Original date of issuance 5-Mar-08
&LXZ*LGK*L%P3LLG3LG'L &LLQ;> 13 Original maturity date 5-Mar-23
*LXP; *L¶L;PT\LI WVR&LLTOV ET WÉLIV ULKIE3LL; WL$LB7V EI MB)LLGP3L G3LG'L MT 14 Issuer call subject to prior At par at the end of 10th
EL8Z PL; EI M&LLG*3L *LK M&L&LX:¶L *LK supervisory approval year from deemed date of
)LLGK$L4BEEI*LXP;WVR&LG3LMT
permission of RBI)
P4EG:*LE EL8Z GOVLBE> WLEG-&LE EL8Z )LLGK$L4BEETGOLLGVOT;LLÉLIV>¶LGO 15 Optional call date, contingent call Subject to RBI Guidelines,
GOVLBE PB&LLTQVKLGL PL;EIM&LLG*3L*LKEL8ZÈ¶LLTY dates and redemption amount at par at the end of the
VHIBEIYC;3LLTWL$LB7VG3LG'LMT 15th year from the date of
PL;EIM&LLG*3L*LKM&L&LX:¶L*LK allotment, if the call is not
year
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3LMXQELBE ¶LGO EL8Z GPE:*L È¶LLTY VHIB
GE¶LLY¶LLH43LLT*LHZTPLLTET 18 Coupon rate and any related index 9.35% Annual for first ten
years and 9.85% annual for
GZ PLLEWL4KWBG3L&L
last 5 years if call option not
PL;ETGZ PLLE
exercised
)LRVLVTETGZ -7T*LW*LW'LPLW6¶LÈLT3MLHV ZLYXVHIB 21 Existence of step up or other NA
¶LGO*LGKP3L;VI¶LH43LLT>WGVPL¶L;W'LPLP4EG:*LE ZLYXVHIB 27 If convertible, mandatory or NA
¶LGO *LGKP3L;VI¶L H4 3LLT> *LGKP3L;VI¶L GZ<L3L ET ZLYXVHIB 28 If convertible, specify instrument NA
temporary
¶LGOW-'LLC;WPZT<LVH43LLTKLC;7W*LÈLLZI ZLYXVHIB 34 If temporary write-down, description NA
*LGKM&LL*LV&LTBWÉLIV3LL-'LLV&LTB*LO¹&L GZ<L3L M)LIU&LLE3LL;WL4KW6¶LLE3LL; 35 Position in subordination hierarchy All depositors and other
ET GVE73L&L PGK# GZ<L3L ÈELK EL NkT<L in liquidation (specify instrument creditors
EKTB
instrument)
161
7TDZ.I *L2GPGV¶LL&LE*LXU B IGZ<L3LLTB EI&LR<¶LGPLTL3LL B Table DF-13: Main Features of Regulatory Capital instruments
instruments
¶LX7IMIKIuLIV
UT series IV
WLC; MWLC; V W'LPL GVUI GV¶LRG%S¶LLTB ET GZ $ZX&L$LY; or Bloomberg identifier for private
*LHQLVE3LL;
placement)
MB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK""$LLB._M 4 Transitional Basel III rules Tier II bonds
NºLKMB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK""$LLB._M 5 Post-transitional Basel III rules Tier II bonds
YL4LW*LKG7¶LK""$LLB. L*LXBUI convertible Subordinated
GZ<L3L
MIKIU IV> PQV *LL EI upper Tier II Bonds (Debts
È²G3L&LTB Capital Instruments) Series IV
Note.
GPGV¶LL&LE*LXBUI&LTB LLG&LZEIYC; KLGL G&LGZ¶LV*L¶LT 8 Amount recognised in regulatory 6000
&LTB>W]3LVGK*LLT7;EIYC;G3LG'LETWVRMLK
capital (` in million, as of most
ZT<LLBEVPYI;EKL OT¶L3LL
10 Accounting classification Liability
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIVULKIE3LL;EL8Z WL$LB7VEIMB)LLGP3LG3LG'LMTPL; 14 Issuer call subject to prior At par at the end of 10th
EI M&LLG*3L *LK M&L&LX:¶L *LK )LLGK supervisory approval year from deemed date of
permission of RBI)
P4EG:*LE EL8Z GOVLBE> WLEG-&LE EL8Z GOVLBE PB )LLGK$L4BEETGOLLGVOT;LLÉLIV>¶LGO 15 Optional call date, contingent call Subject to RBI Guidelines, at
&LLTQVKLGL PL; EIM&LLG*3L*LKEL8ZÈ¶LLTYVHIB dates and redemption amount par at the end of the 15th year
EIYC; 3LLT WL$LB7VG3LG'LMT PL; from the date of allotment, if
EIM&LLG*3L*LKM&L&LX:¶L*LK the call is not exercised at the
end of 10th year
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3LMXQELBE ¶LGOEL8ZGPE:*LÈ¶LLTYVHIBGE¶LL
Y¶LL H4 3LLT *LHZT PLLT ET GZ 18 Coupon rate and any related index 9.45% Annual for first ten
PLLEWL4KWBG3L&LPL; ET years and 9.95% annual for
GZ PLLE last 5 years if call option not
exercised
*LXL;GPPTELGÉLELK>WÉL;GPPTELGÉLELKW'LPLWGVPL¶L; WGVPL¶L; 20 Fully discretionary, partially Mandatory
)LRVLVT ET GZ -7T*LW*LW'LPLW6¶LÈLT3MLHVKLGLEL ZLYXVHIB 21 Existence of step up or other NA
WG-3L3P incentive to redeem
162
okf"kZd fjiksVZ
¶LX7IMIKIuLIV
UT series IV
¶LGO*LGKP3L;VI¶LH43LLT>WGVPL¶L;W'LPLP4EG:*LE*LGKP3L;V ZLYXVHIB 27 If convertible, mandatory or NA
optional conversion
¶LGO *LGKP3L;VI¶L H4 3LLT> *LGKP3L;VI¶L GZ<L3L ET ÈELK ELT ZLYXVHIB 28 If convertible, specify instrument NA
GPGVO7EKTB type convertible into
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3LETULKIE3LL;ELT ZLYXVHIB 29 If convertible, specify issuer of NA
GPGVO7EKTB instrument it converts into
temporary
¶LGO W-'LLC; WPZT<LV H4 3LLT KLC;7 W*L ÈLLZI EL ZLYXVHIB 34 If temporary write-down, NA
GPPKL description of write-up mechanism
*LGKM&LL*LV &LTB WÉLIV3LL -'LLV &LTB *LO¹&L GZ<L3L ET M)LIU&LLE3LL;WL4KW6¶LLE3LL; 35 Position in subordination hierarchy All depositors and other
instrument)
¶LGOHLB>Y4KEL¶LL;G6P3LGPLTL3LLWLTBELTGPGVO7EKVL ZLYXVHIB 37 If yes, specify non-compliant NA
features

instruments
¶LX7IMIKIuLV
UT series V

WLC; MWLC; VW'LPLGVUIGV¶LRG%S¶LLTBETGZ $ZX&L$LY; or Bloomberg identifier for private
*LHQLVE3LL;
placement)
YL4L W*LK G7¶LK "" $LLB. L convertible Subordinated
upper Tier II Bonds (Debts
*LXBUIGZ<L3L
MIKIUV>PQV*LL
Capital Instruments) Series V
EIÈ²G3L&LTB
Note.
GPGV¶LL&LE *LXBUI &LTB LLG&LZ EI YC; KLGL G&LGZ¶LV 8 Amount recognised in regulatory 5000

&LXZ*LGK*L%P3LLG3LG'L GM3L&$LK> 13 Original maturity date 29-Sep-23
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIVULKIE3LL;EL8Z WL$LB7VEIMB)LLGP3LG3LG'LMT 14 Issuer call subject to prior At par at the end of 10th
PL; EI M&LLG*3L *LK M&L&LX:¶L *LK supervisory approval year from deemed date of
permission of RBI)
163
¶LX7IMIKIuLV
UT series V
P4EG:*LEEL8ZGOVLBE>WLEG-&LEEL8ZGOVLBE PB )LLGK$L4BE ET GOLL GVOT;LLÉLIV > 15 Optional call date, contingent call Subject to RBI Guidelines,
&LLTQVKLGL ¶LGOPL;EIM&LLG*3L*LKEL8Z dates and redemption amount at par at the end of the
È¶LLTY VHIB EI YC; 3LLT WL$LB7V 15th year from the date of
G3LG'L MT PL; EI M&LLG*3L *LK allotment, if the call is not
M&L&LX:¶L*LK exercised at the end of 10th
year
WVRP3LI;EL8ZGOVLBE>¶LGOZLYXHLT 16 Subsequent call dates, if applicable
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3LMXQELBE ¶LGO EL8Z GPE:*L È¶LLTY VHIB 18 Coupon rate and any related index 10.85% Annual for first ten
GE¶LLY¶LLH43LLT*LHZTPLLTET years and 11.35% annual for
GZ PLLEWL4KWBG3L&L last 5 years if call option not
PL;ETGZ PLLE exercised
19 Existence of a dividend stopper NO
ZL)LLBLKLTÉLEELWG-3L3P VHIB
20 Fully discretionary, partially Mandatory
*LXL;GPPTELGÉLELK>WÉL;GPPTELGÉLELKW'LPLWGVPL¶L; WGVPL¶L; discretionary or mandatory
)LRVLVT ET GZ -7T*LW*LW'LPLW6¶LÈLT3MLHVKLGL ZLYXVHIB 21 Existence of step up or other NA
ELWG-3L3P incentive to redeem
22 Noncumulative or cumulative Noncumulative
Y4KMBQ¶LIW'LPLMBQ¶LI Y4KMBQ¶LI
23 Convertible or non-convertible Nonconvertible
*LGKP3L;VI¶LW'LPLW*LGKP3L;VI¶L W*LGKP3L;VI¶L
24 If convertible, conversion trigger(s) NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VG7YK ZLYXVHIB
25 If convertible, fully or partially NA
¶LGO*LGKP3L;VI¶LH43LLT>*LXL;3LW'LPLWBL3L ZLYXVHIB 26 If convertible, conversion rate NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VOK ZLYXVHIB 27 If convertible, mandatory or optional NA
conversion
¶LGO *LGKP3L;VI¶L H4 3LLT> WGVPL¶L; W'LPL P4EG:*LE ZLYXVHIB
*LGKP3L;V 28 If convertible, specify instrument NA
type convertible into
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3LETÈELKELT ZLYXVHIB 29 If convertible, specify issuer of NA
GPGVO7EKTB instrument it converts into
¶LGO*LGKP3L;VI¶LH4 3LLT>*LGKP3L;VI¶LGZ<L3LET ULKIE3LL; ZLYXVHIB 30 Write-down feature NA
ELTGPGVO7EKTB 31 If write-down, write-down trigger(s) NA
WPZT<LVGPLTL3LL B ZLYXVHIB 32 If write-down, full or partial NA
¶LGOWPGZG<L3LH43LLT>WPZT<LVG7YK ZLYXVHIB 33 If write-down, permanent or NA
temporary
¶LGOWPGZG<L3LH43LLT>*LXL;3LW'LPLWBL3L ZLYXVHIB
34 If temporary write-down, description NA
¶LGOWPGZG<L3LH43LLT>-'LLC;W'LPLW-'LLC; ZLYXVHIB of write-up mechanism
¶LGOW-'LLC;WPZT<LVH43LLTKLC;7W*LÈLLZIELGPPKL ZLYXVHIB 35 Position in subordination hierarchy All depositors and other
*LGKM&LL*LV &LTB WÉLIV3LL -'LLV &LTB *LO¹&L GZ<L3L ET M)LIU&LLE3LL;WL4KW6¶LLE3LL; type immediately senior to
instrument)
¶LGOHLB>Y4KEL¶LL;G6P3LGPLTL3LLWLTBELTGPGVO7EKVL ZLYXVHIB 37 If yes, specify non-compliant NA

features

GPGV¶LL&LE *LXBUI GZ<L3LLTB ET È&LR<L 3L3PLTB ET ÈE7IEKL ET GZ Disclosure template for main features of regulatory capital
instruments
7T&*ZT7
¶LX7IMIKIuLVI
UT series VI
placement)
164
okf"kZd fjiksVZ
¶LX7IMIKIuLVI
UT series VI

convertible Subordinated
YL4LW*LKG7¶LK""$LLB. L
*LXBUIGZ<L3L
MIKIUVI>PQV Capital Instruments) Series VI
*LLEIÈ²G3L&LTB in the nature of Promissory
GPGV¶LL&LE*LXBUI&LTBLLG&LZEIYC;KLGL ` Note.
G&LGZ¶LV&LTB>W]3LVGK*LLT7;EIYC;G3LG'LET 8 Amount recognised in regulatory 5000
WVRMLK
GZ<L3LELM&L&LX:¶L `G&LGZ¶LV
9 Par value of instrument ` 1 million
ULKIEKVTEI&LXZG3LG'L GOM&$LK>
11 Original date of issuance 18-Dec-08
M3L3LW'LPLGOVLBGE3L GOVLBGE3L
12 Perpetual or dated DATED
&LXZ*LGK*L%P3LLG3LG'L GOM&$LK>
13 Original maturity date 18-Dec-23
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIVULKIE3LL;EL8Z WL$LB7VEIMB)LLGP3LG3LG'LMT
14 Issuer call subject to prior At par at the end of 10th
PL;EIM&LLG*3L*LKM&L&LX:¶L*LK supervisory approval year from deemed date of
P4EG:*LEEL8ZGOVLBE>WLEG-&LEEL8ZGOVLBE )LLGK$L4BEETGOLLGVOT;LLÉLIV permission of RBI)
PB&LLTQVKLGL ¶LGOPL;EIM&LLG*3L*LK 15 Optional call date, contingent call Subject to RBI Guidelines, at
EL8ZÈ¶LLTYVHIBEIYC;3LLT dates and redemption amount par at the end of the 15th year
WL$LB7VG3LG'LMTPL;EI from the date of allotment, if
M&LLG*3L*LKM&L&LX:¶L*LK the call is not exercised at the
end of 10th year
WVRP3LI;EL8ZGOVLBE>¶LGOZLYXHLT VHIB
16 Subsequent call dates, if applicable NO
EX*LV!ZL)LLBL EX*LV
Coupons / dividends Coupon
G-'LKW'LPLWG-'LKZL)LLBL!EX*LV G-'LK
17 Fixed or floating dividend/coupon Fixed
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3LMXQELBE ¶LGOEL8ZGPE:*LÈ¶LLTYVHIB 18 Coupon rate and any related index 8.95% Annual for first ten
GE¶LLY¶LLH43LLT*LHZTPLLT ET years and 9.45% annual for
GZ PLLEWL4KWBG3L&L last 5 years if call option not
PL;ETGZ PLLE exercised
incentive to redeem
KLGLELWG-3L3P
¶LGO*LGKP3L;VI¶LH43LLT>*LXL;3LW'LPLWBL3L ZLYXVHIB
26 If convertible, conversion rate NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VOK ZLYXVHIB
optional conversion
*LGKP3L;V
28 If convertible, specify instrument NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3LETÈELK ZLYXVHIB type convertible into
ELTGPGVO7EKTB
29 If convertible, specify issuer of NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3LET ZLYXVHIB instrument it converts into
ULKIE3LL;ELTGPGVO7EKTB 30 Write-down feature NA
WPZT<LVGPLTL3LL B ZLYXVHIB
31 If write-down, write-down trigger(s) NA
¶LGOWPGZG<L3LH43LLT>WPZT<LVG7YK ZLYXVHIB
32 If write-down, full or partial NA
33 If write-down, permanent or NA
¶LGOWPGZG<L3LH43LLT>-'LLC;W'LPLW-'LLC; ZLYXVHIB temporary
165
¶LX7IMIKIuLVI
UT series VI
34 If temporary write-down, NA
¶LGOW-'LLC;WPZT<LVH43LLTKLC;7W*LÈLLZI ZLYXVHIB description of write-up mechanism
ELGPPKL
35 Position in subordination hierarchy All depositors and other
*LGKM&LL*LV&LTBWÉLIV3LL-'LLV&LTB*LO¹&L GZ<L3L M)LIU&LLE3LL;WL4KW6¶L in liquidation (specify instrument creditors
ETGVE73L&LPGK#GZ<L3LÈELKELNkT<LEKTB
LE3LL;
instrument)
Y4KEL¶LL;G6P3LMB¹&LLGPLTL3LL B VHIB 36 Non-compliant transitioned NO
features
EKVL features
7TDZ.I J2GPGV¶LL&LE*LXBUIGZ<L3LLTBEI&LR<¶LGPLTL3LL B Table DF-13: Main Features of Regulatory Capital instruments

¶LX7IMIKIuLVII
UT series VII
GPGL7*LHQLVE3LL; NOLHKLMI¶LX MWLC;*LI> WLC; VC;> 2 Unique identifier (e.g. CUSIP, ISIN INE160A09256
placement)
*LXBUIGZ<L3L
MIKIUVII>PQV upper Tier II Bonds (Debts
*LLEIÈ²G3L&LTB Capital Instruments) Series VII
GPGV¶LL&LE*LXBUI&LTBLLG&LZEIYC;KLGL ` in the nature of Promissory
Note.
G&LGZ¶LV&LTB>W]3LVGK*LLT7;EIYC;G3LG'LET
WVRMLK
8 Amount recognised in regulatory 10000
GZ<L3LELM&L&LX:¶L `G&LGZ¶LV recent reporting date)
ZT<LLBEVPYI;EKL OT¶L3LL 9 Par value of instrument `1 million
ULKIEKVTEI&LXZG3LG'L *L2KPKI> 10 Accounting classification Liability
M3L3LW'LPLGOVLBGE3L GOVLBGE3L 11 Original date of issuance 18-Feb-09
&LXZ*LGK*L%P3LLG3LG'L *L2KPKI>
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIVULKIE3LL;EL8Z
¶LGO$LLB.E&LMTE&LPLLT
13 Original maturity date 18-Feb-23
ETGZ K<LTY H4BETPZ3L)LI
$L4BEEL8ZGPE:*LELÈ¶LLTY 14 Issuer call subject to prior Call option may be exercised
EKMETYL"ETPZ)LLGK$L4BE supervisory approval by the Bank only if the Bonds
have run for atleast 10 years.
EI*LXP;WVR&LG3LMTHI$L4BE
Call option shall be exercised
EL8ZGPE:*LELÈ¶LTLYEK by the bank only with the
METYL" prior approval of RBI
P4EG:*LEEL8ZGOVLBE>WLEG-&LEEL8ZGOVLBE WL$LB7VEIMB)LLGP3LG3LG'LMT 15 Optional call date, contingent call At par at the end of 15th year
PB&LLTQVKLGL PL;EIM&LLG*3L*LKM&L&LX:¶L*LK dates and redemption amount from the Deemed Date of
)LLGK$L4E
B EI*LXP; WVR&LG3LMT
Allotment (subject to prior
WVRP3LI;EL8ZGOVLBE>¶LGOZLYXHLT VHIB approval from RBI)
16 Subsequent call dates, if NO
EX*LV!ZL)LLBL EX*LV
applicable
G-'LKW'LPLWG-'LKZL)LLBL!EX*LV G-'LK Coupons / dividends Coupon
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3LMXQELBE ¶LGOELZGPE:*LELÈ¶LLTY
VHIBGE¶LLY¶LLH43LLT*LHZT
PLLT ETGZ PLLEWL4K 18 Coupon rate and any related index 9.15% annual for first ten years
and 9.65% for last 5 years if
WBG3L&LPL;ETGZ
call option not exercised
PLLE
166
okf"kZd fjiksVZ
¶LX7IMIKIuLVII
UT series VII
21 Existence of step up or other NA
)LRVLVTETGZ -7T*LW*LW'LPLW6¶LÈLT3MLHV ZLYXVHIB
incentive to redeem
KLGLELWG-3L3P
27 If convertible, mandatory or NA
¶LGO*LGKP3L;VI¶LH43LLT>WGVPL¶L;W'LPLP4EG:*LE ZLYXVHIB optional conversion
*LGKP3L;V 28 If convertible, specify instrument NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3LET ZLYXVHIB type convertible into
ÈELKELTGPGVO7EKTB 29 If convertible, specify issuer of NA
instrument it converts into
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3LET ZLYXVHIB
30 Write-down feature NA
ULKIE3LL;ELTGPGVO7EKTB
31 If write-down, write-down NA
trigger(s)
¶LGOWPGZG<L3LH43LLT>WPZT<LVG7YK ZLYXVHIB 32 If write-down, full or partial NA
¶LGOWPGZG<L3LH43LLT>*LXL;3LW'LPLWBL3L ZLYXVHIB 33 If write-down, permanent or NA
¶LGOW-'LLC;WPZT<LVH43LLTKLC;7W*LÈLLZI ZLYXVHIB
description of write-up mechanism
ELGPPKL
35 Position in subordination All depositors and other
*LGKM&LL*LV&LTBWÉLIV3LL-'LLV&LTB*LO¹&L GZ<L3L M)LIU&LLE3LL;WL4KW6¶L hierarchy in liquidation (specify creditors
ETGVE73L&LPGK#GZ<L3LÈELKELNkT<L LE3LL; instrument type immediately
EKTB
Y4KEL¶LL;G6P3LMB¹&LLGPLTL3LL B VHIB 36 Non-compliant transitioned No
features
¶LGOHLB>Y4KEL¶LL;G6P3LGPLTL3LLWLTBELTGPGVO7 ZLYXVHIB
37 If yes, specify non-compliant NA
EKVL features

¶LX7IMIKIuLVIII
UT series VIII
placement)
GV¶LRG%S¶LLTBETGZ $ZX&L$LY;*LHQLVE3LL;

3 Governing law(s) of the instrument RBI
GZ<L3LLTBELGV¶LBLLEKVTPLZTGV¶L&L )LLK3LI¶LGKUP;$L4BE
Regulatory treatment
GPGV¶LL&LE7I7&LTB7
4 Transitional Basel III rules Tier II Bonds
MB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK""$LLB._M 5 Post-transitional Basel III rules Tier II Bonds
NºLKMB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK""$LLB._M 6 Eligible at solo/group/ group & solo Solo
EZ!M&LXH!M&LXH PB EZ-3LK*LK*LLL EZ 7 Instrument type Unsecured Redeemable Non
GZ<L3LELÈELK WKG\L3L)LRVLVT¶LLT9¶LW*LGKP3L;VI¶L convertible Subordinated
YL4LW*LKG7¶LK""$LLB. L upper Tier II Bonds (Debts
Capital Instruments) Series VIII
*LXBUIGZ<L3L
PQV*LLMIKIU
VIII>EIÈ²G3L&LTB
Note.
GPGV¶LL&LE*LXBUI&LTBLLG&LZEIYC;KLGL ` 8 Amount recognised in regulatory 5000
G&LGZ¶LV&LTB>W]3LVGK*LLT7;EIYC;G3LG'LET capital (` in million, as of most
WVRMLK
167
¶LX7IMIKIuLVIII
UT series VIII
GZ<L3LELM&L&LX:¶L 9 Par value of instrument 1000000
ULKIEKVTEI&LXZG3LG'L WÈ4Z> 11 Original date of issuance 21-Apr-09
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIVULKIE3LL; ¶LGO$LLB.E&LMTE&LPLLTET 14 Issuer call subject to prior Call option may be exercised
EL8Z GZ K<LTY H4BETPZ3L)LI$L4BE supervisory approval by the Bank only if the Bonds
EL8ZGPE:*LELÈ¶LLTYEKMETYL" have run for atleast 10 years.
ETPZ)LLGK$L4BEEI*LXP;WVR&LG3LMT
by the bank only with the prior
HI$L4BEEL8ZGPE:*LELÈ¶LTLYEK approval of RBI
METYL"
15 Optional call date, contingent call At par at the end of 15th year
P4EG:*LEEL8ZGOVLBE>WLEG-&LEEL8Z WL$LB7VEIMB)LLGP3LG3LG'LMT dates and redemption amount from the Deemed Date of
GOVLBE PB&LLTQVKLGL PL;EIM&LLG*3L*LKM&L&LX:¶L*LK Allotment (subject to prior
approval from RBI)
WVRP3LI;EL8ZGOVLBE>¶LGOZLYXHLT 16 Subsequent call dates, if applicable
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3LMXQELBE ¶LGOEL8ZGPE:*LÈ¶LLTYVHIB 18 Coupon rate and any related index 8.80% annual for first ten years
GE¶LLY¶LLH43LLT*LHZTPLLTET and 9.30% for last 5 years if
GZ PLLEWL4KWBG3L&L call option not exercised
PL;ETGZ PLLE 19 Existence of a dividend stopper NO
ZL)LLBLKLTÉLEELWG-3L3P VHIB 20 Fully discretionary, partially Mandatory
*LXL;GPPTELGÉLELK>WÉL;GPPTELGÉLELKW'LPL WGVPL¶L; discretionary or mandatory
WGVPL¶L; 21 Existence of step up or other NA
)LRVLVTETGZ -7T*LW*LW'LPLW6¶LÈLT3MLHV ZLYXVHIB incentive to redeem
KLGLELWG-3L3P 22 Noncumulative or cumulative Noncumulative
Y4KMBQ¶LIW'LPLMBQ¶LI Y4KMBQ¶LI 23 Convertible or non-convertible Nonconvertible
*LGKP3L;VI¶LW'LPLW*LGKP3L;VI¶L W*LGKP3L;VI¶L 24 If convertible, conversion trigger(s) NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VG7YK ZLYXVHIB 25 If convertible, fully or partially NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VOK ZLYXVHIB 27 If convertible, mandatory or NA

optional conversion
¶LGO*LGKP3L;VI¶LH43LLT>WGVPL¶L;W'LPL ZLYXVHIB
P4EG:*LE*LGKP3L;V 28 If convertible, specify instrument NA
ÈELKELTGPGVO7EKTB 29 If convertible, specify issuer of NA
¶LGOWPGZG<L3LH43LLT>*LXL;3LW'LPLWBL3L ZLYXVHIB temporary
¶LGOWPGZG<L3LH43LLT>-'LLC;W'LPLW-'LLC; ZLYXVHIB 34 If temporary write-down, NA
¶LGOW-'LLC;WPZT<LVH43LLTKLC;7W*LÈLLZI ZLYXVHIB description of write-up
ELGPPKL mechanism
*LGKM&LL*LV&LTBWÉLIV3LL-'LLV&LTB*LO¹&L M)LIU&LLE3LL;WL4KW6¶LLE3LL;
hierarchy in liquidation (specify creditors
GZ<L3LETGVE73L&LPGK#GZ<L3LÈELKEL instrument type immediately
NkT<LEKTB
Y4KEL¶LL;G6P3LMB¹&LLGPLTL3LL B VHIB 36 Non-compliant transitioned No

features
¶LGOHLB>Y4KEL¶LL;G6P3LGPLTL3LLWLTBELT ZLYXVHIB 37 If yes, specify non-compliant NA
GPGVO7EKVL features
168
okf"kZd fjiksVZ
7TDZ.I J2GPGV¶LL&LE*LXBUIGZ<L3LLTBEI&LR<¶LGPLTL3LL B Table DF-13: Main Features of Regulatory Capital instruments

¶LX7IMIKIuLIX
UT series IX
placement)
GZ<L3LELÈELK WKG\L3L)LRVLVT¶LLT9¶LW*LGKP3L;VI¶L 7 Instrument type Unsecured Redeemable
YL4LW*LKG7¶LK""$LLB. L Non convertible
*LXBUIGZ<L3L
MIKIUIX>PQV Subordinated upper Tier
*LLEIÈ²G3L&LTB II Bonds (Debts Capital
GPGV¶LL&LE*LXBUI&LTBLLG&LZEIYC;KLGL ` Instruments) Series IX in the
WVRMLK
ULKIEKVTEI&LXZG3LG'L UXV> 10 Accounting classification Liability
M3L3LW'LPLGOVLBGE3L GOVLBGE3L 11 Original date of issuance 4-Jun-09
&LXZ*LGK*L%P3LLG3LG'L UXV> 12 Perpetual or dated DATED
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIVULKIE3LL;EL8Z ¶LGO$LLB.E&LMTE&LPLLT 13 Original maturity date 4-Jun-24
ETGZ K<LTY H4BETPZ3L)LI
$L4BEEL8ZGPE:*LELÈ¶LLTYEK 14 Issuer call subject to prior Call option may be
supervisory approval exercised by the Bank only
METYL"ETPZ)LLGK$L4BEEI*LXP;
if the Bonds have run for
WVR&LG3LMTHI$L4BEEL8ZGPE:*L atleast 10 years. Call option
ELÈ¶LTLYEKMETYL" shall be exercised by the
P4EG:*LEEL8ZGOVLBE>WLEG-&LEEL8Z WL$LB7VEIMB)LLGP3LG3LG'LMT bank only with the prior
GOVLBE PB&LLTQVKLGL PL;EIM&LLG*3L*LKM&L&LX:¶L approval of RBI
*LK )LLGK$L4BEEI*LXP;WVR&LG3L 15 Optional call date, contingent call At par at the end of 15th
MT
dates and redemption amount year from the Deemed Date
of Allotment (subject to
WVRP3LI;EL8ZGOVLBE>¶LGOZLYXHLT prior approval from RBI)
EX*LV!ZL)LLBL EX*LV 16 Subsequent call dates, if applicable
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3LMXQELBE ¶LGOEL8ZGPE:*LÈ¶LLTYVHIB 17 Fixed or floating dividend/coupon Fixed
GE¶LLY¶LLH43LLT*LHZTPLLT
18 Coupon rate and any related index 8.37% annual for first ten
ETGZ PLLEWL4K years and 8.87% for last
WBG3L&LPL;ETGZ 5 years if call option not
PLLE exercised
169
¶LX7IMIKIuLIX
UT series IX
¶LGO*LGKP3L;VI¶LH43LLT>WGVPL¶L;W'LPL ZLYXVHIB 27 If convertible, mandatory or optional NA
P4EG:*LE*LGKP3L;V conversion
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3LET ZLYXVHIB 28 If convertible, specify instrument NA
ÈELKELTGPGVO7EKTB
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3LET ZLYXVHIB instrument it converts into
*LGKM&LL*LV&LTB WÉLIV3LL-'LLV&LTB *LO¹&L GZ<L3L M)LIU&LLE3LL;WL4KW6¶L 35 Position in subordination hierarchy All depositors and other
ETGVE73L&LPGK#GZ<L3LÈELKELNkT<LEKT
B LE3LL; type immediately senior to
instrument)
Y4KEL¶LL;G6P3LMB¹&LLGPLTL3LL B VHIB 36 Non-compliant transitioned features No
¶LGOHLB>Y4KEL¶LL;G6P3LGPLTL3LLWLTB ELTGPGVO7EKVLZLYXVHIB 37 If yes, specify non-compliant features NA

¶LX7IMIKIuLX
UT series X
placement)
*LXBUIGZ<L3L
MIKIUX>PQV*LL upper Tier II Bonds (Debts
EIÈ²G3L&LTB Capital Instruments) Series X in
the nature of Promissory Note.
GPGV¶LL&LE*LXBUI&LTBLLG&LZEIYC;KLGL `
WVRMLK
ULKIEKVTEI&LXZG3LG'L GM3L&$LK>
11 Original date of issuance 9-Sep-09
&LXZ*LGK*L%P3LLG3LG'L GM3L&$LK>
13 Original maturity date 9-Sep-24
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIVULKIE3LL; ¶LGO$LLB.E&LMTE&LPLLT
EL8Z ETGZ K<LTY H4BETPZ3L)LI 14 Issuer call subject to prior Call option may be exercised
supervisory approval by the Bank only if the Bonds
$L4BEEL8ZGPE:*LELÈ¶LLTYEK have run for atleast 10 years.
METYL"ETPZ)LLGK$L4BEEI*LXP; Call option shall be exercised
WVR&LG3LMTHI$L4BEEL8ZGPE:*L by the bank only with the
ELÈ¶LTLYEKMETYL" prior approval of RBI
P4EG:*LEEL8ZGOVLBE>WLEG-&LEEL8Z WL$LB7VEIMB)LLGP3LG3LG'LMT 15 Optional call date, contingent call At par at the end of 15th year
GOVLBE PB&LLTQVKLGL PL;EIM&LLG*3L*LKM&L&LX:¶L*LK dates and redemption amount from the Deemed Date of
approval from RBI)
170
okf"kZd fjiksVZ
¶LX7IMIKIuLX
UT series X
WVRP3LI;EL8ZGOVLBE>¶LGOZLYXHLT VHIB 16 Subsequent call dates, if NO
applicable
EX*LV!ZL)LLBL EX*LV
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3LMXQELBE ¶LGOEL8ZGPE:*LÈ¶LLTYVHIB
GE¶LLY¶LLH43LLT*LHZTPLLT 18 Coupon rate and any related index 8.60% annual for first ten
years and 9.10% for last
ETGZ PLLEWL4K
5 years if call option not
WBG3L&LPL;ETGZ exercised
PLLE
*LXL;GPPTELGÉLELK>WÉL;GPPTELGÉLELKW'LPL WGVPL¶L; discretionary or mandatory
WGVPL¶L; 21 Existence of step up or other NA
)LRVLVTETGZ -7T*LW*LW'LPLW6¶LÈLT3MLHV ZLYXVHIB incentive to redeem
KLGLELWG-3L3P 22 Noncumulative or cumulative Noncumulative
Y4KMBQ¶LIW'LPLMBQ¶LI Y4KMBQ¶LI 23 Convertible or non-convertible Nonconvertible
*LGKP3L;VI¶LW'LPLW*LGKP3L;VI¶L W*LGKP3L;VI¶L 24 If convertible, conversion trigger(s) NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VG7YK ZLYXVHIB 25 If convertible, fully or partially NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VOK ZLYXVHIB 27 If convertible, mandatory or NA
¶LGO*LGKP3L;VI¶LH43LLT>WGVPL¶L;W'LPLP4E ZLYXVHIB optional conversion
G:*LE*LGKP3L;V 28 If convertible, specify instrument NA
ÈELKELTGPGVO7EKTB
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3LET ZLYXVHIB 30 Write-down feature NA
WPZT<LVGPLTL3LL B ZLYXVHIB trigger(s)
¶LGOWPGZG<L3LH43LLT>WPZT<LVG7YK ZLYXVHIB 32 If write-down, full or partial NA
¶LGOWPGZG<L3LH43LLT>*LXL;3LW'LPLWBL3L ZLYXVHIB 33 If write-down, permanent or NA
¶LGOW-'LLC;WPZT<LVH43LLTKLC;7W*LÈLLZI ZLYXVHIB 34 If temporary write-down, NA
ELGPPKL description of write-up mechanism
*LGKM&LL*LV&LTBWÉLIV3LL-'LLV&LTB*LO¹&L M)LIU&LLE3LL;WL4KW6¶LLE3LL;
hierarchy in liquidation (specify creditors
GZ<L3LETGVE73L&LPGK#GZ<L3LÈELKEL instrument type immediately
NkT<LEKTB
features
GPGVO7EKVL features

¶LX7IMIKIuLXI
UT series XI
GPGL7 *LHQLVE3LL; NOLHKL WLC; VC; 2 Unique identifier (e.g. CUSIP, ISIN INE160A09306
placement)
MB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK""$LLB._M 4 Transitional Basel III rules TIER II BONDS
NºLKMB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK""$LLB._M 5 Post-transitional Basel III rules TIER II BONDS
EZ!M&LXH!M&LXH PB EZ-3LK*LK*LLL EZ 6 Eligible at solo/group/ group & solo SOLO
171
¶LX7IMIKIuLXI
UT series XI
GZ<L3LELÈELK WKG\L3L)LRVLVT¶LLT9¶LW*LGKP3L;VI¶LYL4L 7 Instrument type Unsecured Redeemable Non
MIKIUXI>PQV*LLEIÈ²G3L&LTB upper Tier II Bonds (Debts
Capital Instruments) Series XI
GPGV¶LL&LE*LXBUI&LTBLLG&LZEIYC;KLGL in the nature of Promissory
` G&LGZ¶LV&LTB>W]3LVGK*LLT7;EIYC; Note.
G3LG'LETWVRMLK
GZ<L3LELM&L&LX:¶L `G&LGZ¶LV capital (` in million, as of most
ZT<LLBEVPYI;EKL OT¶L3LL recent reporting date)
9 Par value of instrument `1 million
ULKIEKVTEI&LXZG3LG'L VP&$LK>
11 Original date of issuance 27-Nov-09
&LXZ*LGK*L%P3LLG3LG'L VP&$LK>
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIVULKIE3LL; ¶LGO$LLB.E&LMTE&LPLLTETGZ
EL8Z K<LTY H4BETPZ3L)LI$L4BEEL8ZGPE:*L 13 Original maturity date 27-Nov-24
ELÈ¶LLTYEKMETYL"ETPZ)LL 14 Issuer call subject to prior Call option may be exercised
GK$L4BEEI*LXP;WVR&LG3LMTHI$L4BEEL8Z supervisory approval by the Bank only if the Bonds
GPE:*LELÈ¶LTLYEKMETYL" have run for atleast 10 years.
P4EG:*LEEL8ZGOVLBE>WLEG-&LEEL8Z WL$LB7VEIMB)LLGP3LG3LG'LMTPL;EI by the bank only with the
GOVLBE PB&LLTQVKLGL M&LLG*3L*LKM&L&LX:¶L*LK )LLGK$L4BEEI prior approval of RBI
*LXP;WVR&LG3LMT
WVRP3LI;EL8ZGOVLBE>¶LGOZLYXHLT VHIB dates and redemption amount from the Deemed Date of
EX*LV!ZL)LLBL EX*LV Allotment (subject to prior
approval from RBI)
16 Subsequent call dates, if applicable NO
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3L ¶LGOEL8ZGPE:*LÈ¶LLTYVHIBGE¶LL
MXQELBE Y¶LLH43LLT*LHZTPLLTETGZ
PLLEWL4KWBG3L&LPL;ETGZ 17 Fixed or floating dividend/coupon Fixed
PLLE 18 Coupon rate and any related index 8.50% annual for first ten
ZL)LLBLKLTÉLEELWG-3L3P years and 9.00% for last
VHIB
5 years if call option not
*LXL;GPPTELGÉLELK>WÉL;GPPTELGÉLELK WGVPL¶L; exercised
W'LPLWGVPL¶L; 19 Existence of a dividend stopper NO
)LRVLVTETGZ -7T*LW*LW'LPLW6¶L ZLYXVHIB 20 Fully discretionary, partially Mandatory
ÈLT3MLHVKLGLELWG-3L3P discretionary or mandatory
Y4KMBQ¶LIW'LPLMBQ¶LI Y4KMBQ¶LI 21 Existence of step up or other NO
*LGKP3L;VI¶LW'LPLW*LGKP3L;VI¶L W*LGKP3L;VI¶L incentive to redeem
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VG7YK ZLYXVHIB 22 Noncumulative or cumulative Noncumulative
¶LGO*LGKP3L;VI¶LH43LLT>*LXL;3LW'LPL ZLYXVHIB 23 Convertible or non-convertible Nonconvertible
WBL3L 24 If convertible, conversion trigger(s) NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VOK ZLYXVHIB 25 If convertible, fully or partially NA
¶LGO*LGKP3L;VI¶LH43LLT>WGVPL¶L;W'LPL ZLYXVHIB 26 If convertible, conversion rate NA
P4EG:*LE*LGKP3L;V
27 If convertible, mandatory or NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3L ZLYXVHIB optional conversion
ETÈELKELTGPGVO7EKTB 28 If convertible, specify instrument NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3L ZLYXVHIB type convertible into
ETULKIE3LL;ELTGPGVO7EKTB 29 If convertible, specify issuer of NA
WPZT<LVGPLTL3LL B ZLYXVHIB instrument it converts into
¶LGOWPGZG<L3LH43LLT>WPZT<LVG7YK ZLYXVHIB 30 Write-down feature NA
¶LGOWPGZG<L3LH43LLT>*LXL;3LW'LPL ZLYXVHIB 31 If write-down, write-down trigger(s) NA
WBL3L 32 If write-down, full or partial NA
¶LGOWPGZG<L3LH43LLT>-'LLC;W'LPL ZLYXVHIB 33 If write-down, permanent or NA
W-'LLC; temporary
¶LGOW-'LLC;WPZT<LVH43LLTKLC;7W*L ZLYXVHIB 34 If temporary write-down, NA
172
okf"kZd fjiksVZ
¶LX7IMIKIuLXI
UT series XI
GZ<L3LETGVE73L&LPGK#GZ<L3LÈELK in liquidation (specify instrument creditors
ELNkT<LEKTB
instrument)
features
GPGVO7EKVL features

¶LX7IMIKIuLXII
UT series XII
or Bloomberg identifier for private
MI¶LX MWLC;*LI>WLC; MWLC; VW'LPLGVUI
placement)

GPGV¶LL&LE7I7&LTB7
MB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK""$LLB._M 5 Post-transitional Basel III rules Tier II Bonds
NºLKMB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK""$LLB._M 6 Eligible at solo/group/ group & solo Solo
EZ!M&LXH!M&LXH PB EZ-3LK*LK*LLL EZ 7 Instrument type Unsecured Redeemable Non
GZ<L3LELÈELK WKG\L3L)LRVLVT¶LLT9¶LW*LGKP3L;VI¶LYL4L convertible Subordinated
Capital Instruments)
MIKIUXII>PQV*LLEIÈ²G3L&LTB
Series XII in the nature of
GPGV¶LL&LE*LXBUI&LTBLLG&LZEIYC;KLGL Promissory Note.
` G&LGZ¶LV&LTB>W]3LVGK*LLT7;EIYC; 8 Amount recognised in regulatory 5000
G3LG'LETWVRMLK
ULKIEKVTEI&LXZG3LG'L &LC;>
11 Original date of issuance 24-May-10
&LXZ*LGK*L%P3LLG3LG'L &LC;>
13 Original maturity date 24-May-25
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIVULKIE3LL; ¶LGO$LLB.E&LMTE&LPLLTET 14 Issuer call subject to prior Call option may be exercised
EL8Z GZ K<LTY H4BETPZ3L)LI$L4BEEL8Z supervisory approval by the Bank only if the Bonds
GPE:*LELÈ¶LLTYEKMETYL"ETPZ have run for atleast 10 years.
)LLGK$L4BEEI*LXP;WVR&LG3LMTHI$L4BE Call option shall be exercised
EL8ZGPE:*LELÈ¶LTLYEKMETYL" by the bank only with the
prior approval of RBI
P4EG:*LEEL8ZGOVLBE>WLEG-&LEEL8Z WL$LB7VEIMB)LLGP3LG3LG'LMTPL;
GOVLBE PB&LLTQVKLGL EIM&LLG*3L*LKM&L&LX:¶L*LK )LLGK$L4BE 15 Optional call date, contingent call At par at the end of 15th year
dates and redemption amount from the Deemed Date of
EI*LXP;WVR&LG3LMT

WVRP3LI;EL8ZGOVLBE>¶LGOZLYXHLT approval from RBI)
EX*LV!ZL)LLBL EX*LV 16 Subsequent call dates, if applicable
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3L ¶LGOEL8ZGPE:*LÈ¶LLTYVHIBGE¶LL
MXQELBE Y¶LLH43LLT*LHZTPLLTETGZ
years and 9.00% for last
PLLEWL4KWBG3L&LPL;ET 5 years if call option not
GZ PLLE exercised
*LXL;GPPTELGÉLELK>WÉL;GPPTELGÉLELK WGVPL¶L; 20 Fully discretionary, partially Mandatory
173
¶LX7IMIKIuLXII
UT series XII
)LRVLVTETGZ -7T*LW*LW'LPLW6¶L VHIB 21 Existence of step up or other NO
¶LGO*LGKP3L;VI¶LH43LLT>*LXL;3LW'LPLWBL3LZLYXVHIB 25 If convertible, fully or partially NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3L ZLYXVHIB 28 If convertible, specify instrument NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3L ZLYXVHIB 29 If convertible, specify issuer of NA
¶LGOWPGZG<L3LH43LLT>*LXL;3LW'LPL ZLYXVHIB 32 If write-down, full or partial NA
WBL3L 33 If write-down, permanent or NA
¶LGOWPGZG<L3LH43LLT>-'LLC;W'LPL ZLYXVHIB temporary
W-'LLC; 34 If temporary write-down, description NA
¶LGOW-'LLC;WPZT<LVH43LLTKLC;7W*L ZLYXVHIB of write-up mechanism
ÈLLZIELGPPKL 35 Position in subordination hierarchy All depositors and other
*LGKM&LL*LV&LTBWÉLIV3LL-'LLV&LTB*LO¹&L M)LIU&LLE3LL;WL4KW6¶LLE3LL; in liquidation (specify instrument creditors
GZ<L3LETGVE73L&LPGK#GZ<L3LÈELK type immediately senior to
ELNkT<LEKTB
instrument)
GPGVO7EKVL features

7T&*ZT7 instruments
Q7I"MIKIuL" HT I SERIES I
placement)

4 Transitional Basel III rules Tier I Bonds
MB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK"$LLB._M
5 Post-transitional Basel III rules Tier I Bonds
NºLKMB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK"$LLB._M
6 Eligible at solo/group/ group & solo Solo
EZ!M&LXH!M&LXH PB EZ-3LK*LK*LLL EZ
7 Instrument type Unsecured Redeemable Non
GZ<L3LELÈELK WÈG3L)LX3L&LLTQVI¶LW*LGKP3L;VI¶LYL4.7I¶LK convertible Subordinated
"$LTG&L¶LLOI$LLB.MIKIuL"$LQV*LLET Tier I Perpeutual Bonds
È²G3L&LTB Series I in the nature of
Promissory Note.
GPGV¶LL&LE*LXBUI&LTBLLG&LZEIYC;KLGL
G3LG'LETWVRMLK

ULKIEKVTEI&LXZG3LG'L URZLC;> 11 Original date of issuance 20-Jul-07
M3L3LW'LPLGOVLBGE3L 12 Perpetual or dated PERPETUAL

$LTG&L¶LLOI
174
okf"kZd fjiksVZ
Q7I"MIKIuL" HT I SERIES I
&LXZ*LGK*L%P3LLG3LG'L $LTG&L¶LLOI 13 Original maturity date PERPETUAL

14 Issuer call subject to prior At par at the end of 10th
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIVULKIE3LL; WL$LB7VEI.I&L.G3LG'LMTPL;EI
supervisory approval year from the Deemed Date
EL8Z M&LLG*3L*LKM&L&LX:¶L*LKWL4KNMET$LLO of Allotment and thereafter
È3¶LTEPLLEG3LG'L )LLGK$L4BEEI*LXP; on each anniversary date
WVR&LG3LMT
(subject to prior approval
from RBI)
P4EG:*LEEL8ZGOVLBE>WLEG-&LEEL8Z WL$LB7VEI.I&L.G3LG'LMTPL;EI
GOVLBE PB&LLTQVKLGL M&LLG*3L*LKM&L&LX:¶L*LKWL4KNMET$LLO 15 Optional call date, contingent call At par at the end of 10th
È3¶LTEPLLEG3LG'L )LLGK$L4BEEI*LXP; dates and redemption amount year from the Deemed Date
of Allotment and thereafter
WVR&LG3LMT

on each anniversary date
WVRP3LI;EL8ZGOVLBE>¶LGOZLYXHLT ZLYXVHIB (subject to prior approval
from RBI)
ZL)LLBL!EX*LV EX*LV
16 Subsequent call dates, if applicable NA
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3L ¶LGOEL8ZWL8*LLVÈ¶LLTYVHIBEIYC;H4 17 Fixed or floating dividend/coupon Fixed
MXQELBE 3LLT*LHZTPL;WL4K$LLOET
PLLTETGZ PLLEOKMT" years and 10.90% ANNUAL
ZL)LLBLKLTÉLEELWG-3L3P VHIB FOR ALL Subsequent years
if call option is not exercised
*LXL;GPPTELGÉLELK>WÉL;GPPTELGÉLELK WGVPL¶L; at the end of 10th year
W'LPLWGVPL¶L; from the deemed date of
allotment
)LRVLVTETGZ -7T*LW*LW'LPLW6¶L VHIB
ÈLT3MLHVKLGLELWG-3L3P 19 Existence of a dividend stopper NO
Y4KMBQ¶LIW'LPLMBQ¶LI Y4KMBQ¶LI 20 Fully discretionary, partially Mandatory

21 Existence of step up or other NO
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VG7YK ZLYXVHIB incentive to redeem
¶LGO*LGKP3L;VI¶LH43LLT>*LXL;3LW'LPL ZLYXVHIB 22 Noncumulative or cumulative Noncumulative

WBL3L 23 Convertible or non-convertible Nonconvertible
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VOK ZLYXVHIB 24 If convertible, conversion trigger(s) NA
¶LGO*LGKP3L;VI¶LH43LLT>WGVPL¶L;W'LPL ZLYXVHIB 25 If convertible, fully or partially NA

P4EG:*LE*LGKP3L;V 26 If convertible, conversion rate NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3L ZLYXVHIB 27 If convertible, mandatory or optional NA
ETÈELKELTGPGVO7EKTB conversion
ETULKIE3LL;ELTGPGVO7EKTB type convertible into
WPZT<LVGPLTL3LL B ZLYXVHIB 29 If convertible, specify issuer of NA

WBL3L
¶LGOWPGZG<L3LH43LLT>-'LLC;W'LPL ZLYXVHIB
W-'LLC; 33 If write-down, permanent or NA
temporary
¶LGOW-'LLC;WPZT<LVH43LLTKLC;7W*L ZLYXVHIB
34 If temporary write-down, description NA
ÈLLZIELGPPKL
of write-up mechanism
ELN:ZT<LEKTB
instrument)
Y4KEL¶LL;G6P3LMB¹&LLGPLTL3LL B VHIB
36 Non-compliant transitioned features NO
GPGVO7EKVL features
175
7T&*ZT7 instruments
Q7I"MIKIuL"" HT I SERIES II
ULKIE3LL; *LBUL$LV4LVZ$L4BE 1 Issuer PUNJAB NATIONAL
BANK
MI¶LX MWLC;*LI>WLC; MWLC; VW'LPL or Bloomberg identifier for private
GVUIGV¶LRG%S¶LLTBETGZ $ZX&L$LY; placement)
*LHQLVE3LL;
GZ<L3LLTBELGV¶LBLLEKVTPLZTGV¶L&L )LLK3LI¶LGKUP;$L4BE Regulatory treatment
GPGV¶LL&LE7I7&LTB7 4 Transitional Basel III rules Tier I Bonds
MB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK"$LLB._M 5 Post-transitional Basel III rules Tier I Bonds
NºLKMB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK"$LLB._M 6 Eligible at solo/group/ group & solo Solo
EZ!M&LXH!M&LXH PB EZ-3LK*LK EZ 7 Instrument type Unsecured Redeemable
*LLL Non convertible
GZ<L3LELÈELK WÈG3L)LX3L&LLTQVI¶LW*LGKP3L;VI¶LYL4.7I¶LK Subordinated Tier I
Perpeutual Bonds Series II
"$LTG&L¶LLOI$LLB.MIKIuL""$LQV*LLET
È²G3L&LTB Note.
` G&LGZ¶LV&LTB>W]3LVGK*LLT7;EIYC; capital (` in million, as of most recent
G3LG'LETWVRMLK
reporting date)
11 Original date of issuance 11-Dec-07
ULKIEKVTEI&LXZG3LG'L GOM&$LK>
12 Perpetual or dated PERPETUAL
M3L3LW'LPLGOVLBGE3L $LTG&L¶LLOI
13 Original maturity date PERPETUAL
&LXZ*LGK*L%P3LLG3LG'L $LTG&L¶LLOI
14 Issuer call subject to prior supervisory At par at the end of 10th
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIV WL$LB7VEI.I&L.G3LG'LMTPL;EI approval year from the Deemed
ULKIE3LL;EL8Z M&LLG*3L*LKM&L&LX:¶L*LKWL4KNMET$LLO Date of Allotment and
È3¶LTEPLLEG3LG'L )LLGK$L4BEEI*LXP; thereafter on each
WVR&LG3LMT
anniversary date (subject to
prior approval from RBI)
P4EG:*LEEL8ZGOVLBE>WLEG-&LE WL$LB7VEI.I&L.G3LG'LMTPL;EI
15 Optional call date, contingent call At par at the end of 10th
EL8ZGOVLBE PB&LLTQVKLGL M&LLG*3L*LKM&L&LX:¶L*LKWL4KNMET$LLO
dates and redemption amount year from the Deemed
È3¶LTEPLLEG3LG'L )LLGK$L4BEEI*LXP; Date of Allotment and
WVR&LG3LMT
thereafter on each
WVRP3LI;EL8ZGOVLBE>¶LGOZLYXHLT ZLYXVHIB anniversary date (subject to
prior approval from RBI)
ZL)LLBL!EX*LV EX*LV
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3L ¶LGOEL8ZWL8*LLVÈ¶LLTYVHIBEIYC; 17 Fixed or floating dividend/coupon Fixed
MXQELBE H43LLT*LHZTPL;WL4K$LLOET
PLLTETGZ PLLEOKMT"
years and 10.25% if call
ZL)LLBLKLTÉLEELWG-3L3P VHIB option not exercised
*LXL;GPPTELGÉLELK>WÉL;GPPTELGÉLELK WGVPL¶L; 19 Existence of a dividend stopper NO
W'LPLWGVPL¶L; 20 Fully discretionary, partially Mandatory
)LRVLVTETGZ -7T*LW*LW'LPLW6¶L VHIB discretionary or mandatory
ÈLT3MLHVKLGLELWG-3L3P 21 Existence of step up or other incentive NO
to redeem
¶LGO*LGKP3L;
V I¶LH4
3LLT
> *LX
L;
3 LW'LPLWB
L3L ZLYXVHIB 25 If convertible, fully or partially NA
176
okf"kZd fjiksVZ
Q7I"MIKIuL"" HT I SERIES II
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3L ZLYXVHIB 28 If convertible, specify instrument type NA
ETÈELKELTGPGVO7EKTB convertible into
ETULKIE3LL;ELTGPGVO7EKTB
W-'LLC; temporary
¶LGOW-'LLC;WPZT<LVH43LLTKLC;7W*L ZLYXVHIB 34 If temporary write-down, description NA
ÈLLZIELGPPKL of write-up mechanism
*LGKM&LL*LV&LTBWÉLIV3LL-'LLV&LTB*LO¹&L M)LIU&LLE3LL;WL4KW6¶LLE3LL; 35 Position in subordination hierarchy in All depositors and other
GZ<L3LETGVE73L&LPGK#GZ<L3L liquidation (specify instrument type creditors
ÈELKELNkT<LEKTB
¶LGOHLB>Y4KEL¶LL;G6P3LGPLTL3LLWLTBELT ZLYXVHIB 37 If yes, specify non-compliant features NA
GPGVO7EKVL
7T&*ZT7 instruments
Q7I"MIKIuL""" HT I SERIES III

2 Unique identifier (e.g. CUSIP, ISIN INE160A09199
GPGL7*LHQLVE3LL; NOLHKL WLC; VC;
or Bloomberg identifier for private
MI¶LX MWLC;*LI>WLC; MWLC; VW'LPL placement)
GVUIGV¶LRG%S¶LLTBETGZ $ZX&L$LY;
*LHQLVE3LL;

GPGV¶LL&LE7I7&LTB7
NºLKMB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK"$LLB._M 7 Instrument type Unsecured Redeemable Non
EZ!M&LXH!M&LXH PB EZ-3LK*LK*LLL EZ convertible Subordinated Tier
I Perpeutual Bonds Series III
GZ<L3LELÈELK WÈG3L)LX3L&LLTQVI¶LW*LGKP3L;VI¶LYL4.7I¶LK" in the nature of Promissory
$LTG&L¶LLOI$LLB.MIKIuL"""$LQV*LLETÈ²G3L&LTB Note.
` G&LGZ¶LV&LTB>W]3LVGK*LLT7;EIYC; capital (` in million, as of most
G3LG'LETWVRMLK
11 Original date of issuance 18.01.2008
ULKIEKVTEI&LXZG3LG'L
12 Perpetual or dated PERPETUAL
M3L3LW'LPLGOVLBGE3L $LTG&L¶LLOI
13 Original maturity date PERPETUAL
&LXZ*LGK*L%P3LLG3LG'L $LTG&L¶LLOI
14 Issuer call subject to prior At par at the end of 10th year
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIVULKIE3LL; WL$LB7VEI.I&L.G3LG'LMTPL;EI supervisory approval from the Deemed Date of
EL8Z M&LLG*3L*LKM&L&LX:¶L*LKWL4KNMET$LLO Allotment and thereafter on
È3¶LTEPLLEG3LG'L )LLGK$L4BEEI*LXP; each anniversary date (subject
WVR&LG3LMT
to prior approval from RBI)
P4EG:*LEEL8ZGOVLBE>WLEG-&LEEL8Z WL$LB7VEI.I&L.G3LG'LMTPL;EI
dates and redemption amount from the Deemed Date of
GOVLBE PB&LLTQVKLGL M&LLG*3L*LKM&L&LX:¶L*LKWL4KNMET$LLO Allotment and thereafter on
È3¶LTEPLLEG3LG'L )LLGK$L4BEEI*LXP; each anniversary date (subject
WVR&LG3LMT
177
Q7I"MIKIuL""" HT I SERIES III
ZL)LLBL!EX*LV EX*LV Coupons / dividends Coupon
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3L ¶LGOEL8ZWL8*LLVÈ¶LLTYVHIBEIYC;H4 18 Coupon rate and any related index 9.45% annual for first ten
MXQELBE 3LLT*LHZTPL;WL4K$LLOETPLLT years and 9.95% if call option
ETGZ PLLEOKMT" not exercised
)LRVLVTETGZ -7TJW*LW'LPLW6¶L VHIB 21 Existence of step up or other NO
¶LGO*LGKP3L;VI¶LH43LLT>*LXL;3LW'LPLWBL3LZLYXVHIB
P4EG:*LE*LGKP3L;V 27 If convertible, mandatory or NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3L ZLYXVHIB optional conversion
ETÈELKELTGPGVO7EKTB 28 If convertible, specify instrument NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3L ZLYXVHIB
ETULKIE3LL;ELTGPGVO7EKTB 29 If convertible, specify issuer of NA
W-'LLC; temporary
ELNkT<LEKTB
instrument)
Y4KEL¶LL;G6P3LMB¹&LLGPLTL3LL B VHIB
36 Non-compliant transitioned features NO
¶LGOHLB>Y4KEL¶LL;G6P3LGPLTL3LLWLTBELT ZLYXVHIB
GPGVO7EKVL 37 If yes, specify non-compliant features NA

7TDZ.I *L2GPGV¶LL&LE*LXBUIGZ<L3LLTBEI&LR<¶LGPLTL3LL B Disclosure template for main features of regulatory capital
Q7IIMIKIuLIV HT I SERIES IV
placement)
GPGV¶LL&LE7I7&LTB7
NºLKMB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK"$LLB._M
GZ<L3LELÈELK WÈG3L)LX3L&LLTQVI¶LW*LGKP3L;VI¶LYL4.7I¶LK
"$LTG&L¶LLOI$LLB.MIKIuLIV$LQV*LLET Tier I Perpeutual Bonds
È²G3L&LTB Series IV in the nature of
Promissory Note.
178
okf"kZd fjiksVZ
Q7IIMIKIuLIV HT I SERIES IV
G3LG'LETWVRMLK
ULKIEKVTEI&LXZG3LG'L 11 Original date of issuance 19-Jan-09
M3L3LW'LPLGOVLBGE3L $LTG&L¶LLOI 12 Perpetual or dated PERPETUAL
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIVULKIE3LL;WL$LB7VEI.I&.G3LG'LMTPL;EI 14 Issuer call subject to prior At par at the end of 10th
EL8Z M&LLG*3L*LKM&L&LX:¶L*LKWL4KNMET$LLO supervisory approval year from the Deemed Date
È3¶LTEPLLEG3LG'L )LLGK$L4BEEI*LXP;
WVR&LG3LMT
P4EG:*LEEL8ZGOVLBE>WLEG-&LEEL8Z WL$LB7VEI.I&.G3LG'LMTPL;EI from RBI)
GOVLBE PB&LLTQVKLGL M&LLG*3L*LKM&L&LX:¶L*LKWL4KNMET$LLO 15 Optional call date, contingent call At par at the end of 10th
È3¶LTEPLLEG3LG'L )LLGK$L4BEEI*LXP; dates and redemption amount year from the Deemed Date
WVR&LG3LMT
WVRP3LI;EL8ZGOVLBE>¶LGOZLYXHLT ZLYXVHIB
ZL)LLBL!EX*LV EX*LV from RBI)
G-'LKW'LPLWG-'LKZL)LLBL!EX*LV G-'LK 16 Subsequent call dates, if applicable NA
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3L ¶LGOEL8ZWL8*LLVÈ¶LLTYVHIBEIYC;H43LLT Coupons / dividends Coupon
MXQELBE *LHZTPL;WL4K$LLOETPLLTET 17 Fixed or floating dividend/coupon Fixed
GZ PLLEOKMT"
ZL)LLBLKLTÉLEELWG-3L3P VHIB years and 9.40% if call
*LXL;GPPTELGÉLELK>WÉL;GPPTELGÉLELK WGVPL¶L; option not exercised
)LRVLVTETGZ -7TJW*LW'LPLW6¶L VHIB 20 Fully discretionary, partially Mandatory
incentive to redeem
¶LGO*LGKP3L;VI¶LH43LLT>*LXL;3LW'LPL ZLYXVHIB
WBL3L
optional conversion
¶LGOWPGZG<L3LH43LLT>-'LLC;W'LPLW-'LLC;ZLYXVHIB temporary
GZ<L3LETGVE73L&LPGK#GZ<L3LÈELK type immediately senior to
ELNkT<LEKTB
instrument)
GPGVO7EKVL features
179
instruments
Q7IIMIKIuLV HT I SERIES V
*LHQLVE3LL;
GZ<L3LLTBELGV¶LBLLEKVTPLZTGV¶L&L )LLK3LI¶LGKUP;$L4BE Regulatory treatment
GPGV¶LL&LE7I7&LTB7 4 Transitional Basel III rules Tier I Bonds
MB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK"$LLB._M 5 Post-transitional Basel III rules Tier I Bonds
NºLKMB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK"$LLB._M 6 Eligible at solo/group/ group & solo Solo
EZ!M&LXH!M&LXH PB EZ-3LK*LK EZ 7 Instrument type Unsecured Redeemable Non
*LLL convertible Subordinated Tier
GZ<L3LELÈELK WÈG3L)LX3L&LLTQVI¶LW*LGKP3L;VI¶LYL4.7I¶LK I Perpeutual Bonds Series V in
"$LTG&L¶LLOI$LLB.MIKIuL7$LQV*LLET the nature of Promissory Note.
È²G3L&LTB 8 Amount recognised in regulatory 5000
GPGV¶LL&LE*LXBUI&LTBLLG&LZEIYC; recent reporting date)
KLGL ` G&LGZ¶LV&LTB>W]3LVGK*LLT7;EI
YC;G3LG'LETWVRMLK

11 Original date of issuance 28-Aug-09
ULKIEKVTEI&LXZG3LG'L WY-3L> 12 Perpetual or dated PERPETUAL
M3L3LW'LPLGOVLBGE3L $LTG&L¶LLOI 13 Original maturity date PERPETUAL

&LXZ*LGK*L%P3LLG3LG'L $LTG&L¶LLOI 14 Issuer call subject to prior At par at the end of 10th
supervisory approval year from the Deemed Date
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIV WL$LB7VEI.I&.G3LG'LMTPL;EI of Allotment and thereafter
ULKIE3LL;EL8Z M&LLG*3L*LKM&L&LX:¶L*LKWL4KNMET$LLO on each anniversary date
È3¶LTEPLLEG3LG'L )LLGK$L4BEEI*LXP; (subject to prior approval
WVR&LG3LMT
from RBI)
P4EG:*LEEL8ZGOVLBE>WLEG-&LE WL$LB7VEI.I&.G3LG'LMTPL;EI 15 Optional call date, contingent call At par at the end of 10th
EL8ZGOVLBE PB&LLTQVKLGL M&LLG*3L*LKM&L&LX:¶L*LKWL4KNMET$LLO dates and redemption amount year from the Deemed Date
È3¶LTEPLLEG3LG'L )LLGK$L4BEEI*LXP; of Allotment and thereafter
WVR&LG3LMT
WVRP3LI;EL8ZGOVLBE>¶LGOZLYXHLT ZLYXVHIB from RBI)
ZL)LLBL!EX*LV EX*LV 16 Subsequent call dates, if NA
G-'LKW'LPLWG-'LKZL)LLBL!EX*LV G-'LK applicable
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3L ¶LGOEL8ZWL8*LLVÈ¶LLTYVHIBEIYC;H4 Coupons / dividends Coupon
MXQELBE 3LLT*LHZTPL;WL4K$LLOETPLLT 17 Fixed or floating dividend/coupon Fixed
ETGZ PLLEOKMT" 18 Coupon rate and any related index 9.15% annual for first ten
ZL)LLBLKLTÉLEELWG-3L3P VHIB years and 9.65% if call
*LXL;GPPTELGÉLELK>WÉL;GPPTELGÉLELK WGVPL¶L; option not exercised
)LRVLVTETGZ -7TJW*LW'LPLW6¶L VHIB 20 Fully discretionary, partially Mandatory
incentive to redeem

180
okf"kZd fjiksVZ
Q7IIMIKIuLV HT I SERIES V
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶L ZLYXVHIB 28 If convertible, specify instrument NA
GZ<L3LETÈELKELTGPGVO7EKTB type convertible into
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶L ZLYXVHIB
GZ<L3LETULKIE3LL;ELTGPGVO7EKTB
¶LGOWPGZG<L3LH43LLT>WPZT<LVG7YK ZLYXVHIB trigger(s)
¶LGOWPGZG<L3LH43LLT>*LXL;3LW'LPLWBL3LZLYXVHIB 32 If write-down, full or partial NA
W-'LLC; temporary
¶LGOW-'LLC;WPZT<LVH43LLTKLC;7W*L ZLYXVHIB description of write-up mechanism
ÈLLZIELGPPKL
*LGKM&LL*LV&LTBWÉLIV3LL-'LLV&LTB*LO¹&L M)LIU&LLE3LL;WL4KW6¶LLE3LL; hierarchy in liquidation (specify creditors
GZ<L3LETGVE73L&LPGK#GZ<L3L instrument type immediately
ÈELKELNkT<LEKTB
features
GPGVO7EKVL features

7TDZ.I *L2GPGV¶LL&LE*LXBUIGZ<L3LLTBEI&LR<¶LGPLTL3LL B Disclosure template for main features of regulatory capital
Q7IIMIKIuLVI HT I SERIES VI
GPGL7 *LHQLVE3LL; NOLHKL WLC; VC; 2 Unique identifier (e.g. CUSIP, INE160A09314
MI¶LX MWLC;*LI> WLC; MWLC; V W'LPL GVUI ISIN or Bloomberg identifier for
GV¶LRG%S¶LLTB ETGZ $ZX&L$LY;*LHQLVE3LL;
private placement)
MB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK"$LLB._M 4 Transitional Basel III rules Tier I Bonds
NºLKMB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK"$LLB._M 5 Post-transitional Basel III rules Tier I Bonds
GZ<L3LELÈELK WÈG3L)LX3L&LLTQVI¶LW*LGKP3L;VI¶LYL4. 7I¶LK
" $LTG&L¶LLOI $LLB. MIKIuL VI $LQV *LL ET
convertible Subordinated Tier
È²G3L&LTB I Perpeutual Bonds Series VI in
GPGV¶LL&LE*LXBUI&LTBLLG&LZEIYC;KLGL the nature of Promissory Note.
G3LG'LETWVRMLK
ULKIEKVTEI&LXZG3LG'L VP&$LK> 10 Accounting classification Liability

M3L3LW'LPLGOVLBGE3L $LTG&L¶LLOI 11 Original date of issuance 27-Nov-09
&LXZ*LGK*L%P3LLG3LG'L $LTG&L¶LLOI 12 Perpetual or dated PERPETUAL
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIV WL$LB7VEI.I&.G3LG'LMTPL;EI 13 Original maturity date PERPETUAL

ULKIE3LL;EL8Z M&LLG*3L*LKM&L&LX:¶L*LKWL4KNMET$LLO 14 Issuer call subject to prior At par at the end of 10th year
È3¶LTEPLLEG3LG'L )LLGK$L4BEEI*LXP; supervisory approval from the Deemed Date of
WVR&LG3LMT
Allotment and thereafter on
each anniversary date (subject
P4EG:*LEEL8ZGOVLBE>WLEG-&LEEL8Z WL$LB7V EI .I&. G3LG'L MT PL; EI 15 Optional call date, contingent call At par at the end of 10th year
GOVLBE PB&LLTQVKLGL M&LLG*3L *LK M&L&LX:¶L *LK WL4K NMET $LLO dates and redemption amount from the Deemed Date of
È3¶LTE PLLE G3LG'L )LLGK$L4BE EI *LXP; Allotment and thereafter on
WVR&LG3LMT
each anniversary date (subject
181
Q7IIMIKIuLVI HT I SERIES VI
WVRP3LI;EL8ZGOVLBE>¶LGOZLYXHLT ZLYXVHIB 16 Subsequent call dates, if NA
applicable
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3L ¶LGOEL8ZWL8*LLVÈ¶LLTYVHIBEIYC;H4 18 Coupon rate and any related 9.00% annual for first ten years
MXQELBE 3LLT*LHZTPL;WL4K$LLOETPLLT index and 9.50% if call option not
ETGZ PLLEOKMT" exercised
)LRVLVTETGZ -7TJW*LW'LPLW6¶L VHIB
incentive to redeem
ÈLT3MLHVKLGLELWG-3L3P
24 If convertible, conversion NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VG7YK ZLYXVHIB trigger(s)
ETÈELKELTGPGVO7EKTB
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3L ZLYXVHIB instrument it converts into
ETULKIE3LL;ELTGPGVO7EKTB 30 Write-down feature NA
WPZT<LVGPLTL3LL B ZLYXVHIB 31 If write-down, write-down NA
¶LGOWPGZG<L3LH43LLT>WPZT<LVG7YK ZLYXVHIB trigger(s)
temporary
ÈLLZIELGPPKL description of write-up
mechanism
*LGKM&LL*LV&LTBWÉLIV3LL-'LLV&LTB*LO¹&L M)LIU&LLE3LL;WL4KW6¶LLE3LL; 35 Position in subordination All depositors and other
GZ<L3LETGVE73L&LPGK#GZ<L3L hierarchy in liquidation (specify creditors
ÈELKELNkT<LEKTB
features
GPGVO7EKVL features
7T&*ZT7 instruments
Q7IIMIKIuLVII HT I SERIES VII

placement)
MB¹&LLELGZE$LTMZ"""GV¶L&L WG3LGK%S7I¶LK*LXBUI&LTBM&LLPTLVETGZ 4 Transitional Basel III rules BASEL III complaint perpetual
$LTMZ"""WVR*LLGZ3L&LI¶LLOILGZ<L3L debt instrument for inclusion
in addition Tier I capital
NºLKMB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK"$LLB._M 5 Post-transitional Basel III rules Tier I Bonds
182
okf"kZd fjiksVZ

EZ!M&LXH!M&LXH PB EZ-3LK EZ 6 Eligible at solo/group/ group & solo Solo
*LK*LLL 7 Instrument type Non-convertible perpetual
GZ<L3LELÈELK G.$LTBQKEIÈ²G3L&LTBW3L3LGK%S7I¶LK" unsecured Basel III Compliant
*LXBUI&LTBM&LLPTLVHT3LRW*LGKP3L;VI¶L&LI¶LLOI Tier I Bonds for inclusion in
additional Tier 1 Capital in the
WÈG3L)LX3L$LTMZ"""WVR*LLGZ3L7I¶LK"$LLB.
nature of Debentures.
GPGV¶LL&LE*LXBUI&LTBLLG&LZEIYC; 8 Amount recognised in regulatory 15000
KLGL ` G&LGZ¶LV&LTB>W]3LVGK*LLT7; capital (` in million, as of most
EIYC;G3LG'LETWVRMLK
ULKIEKVTEI&LXZG3LG'L *L2KPKI> 11 Original date of issuance 13-Feb-15
M3L3LW'LPLGOVLBGE3L $LTG&L¶LLOI 12 Perpetual or dated PERPETUAL
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIV WL$LB7VEIM&L&LX:¶LG3LG'LMTPL;EI 14 Issuer call subject to prior At par at the end of 10th year
supervisory approval from the Date of Allotment
ULKIE3LL;EL8Z M&LLG*3L*LKM&L&LX:¶L*LKWL4KNMET$LLO
and thereafter on each
È3¶LTEEX*LVG3LG'L )LLGK$L4BEEI*LXP; coupon date (with prior RBI
WVR&LG3LMT
permission)
P4EG:*LEEL8ZGOVLBE>WLEG-&LE WL$LB7VEIM&L&LX:¶LG3LG'LMTPL;EI 15 Optional call date, contingent call At par at the end of 10th year
EL8ZGOVLBE PB&LLTQVKLGL M&LLG*3L*LKM&L&LX:¶L*LKWL4KNMET$LLO dates and redemption amount from the Date of Allotment
È3¶LTEEX*LVG3LG'L )LLGK$L4BEEI*LXP; and thereafter on each
WVR&LG3LMT
coupon date (with prior RBI
permission)
WVRP3LI;EL8ZGOVLBE>¶LGOZLYXHLT WL$LB7VEIM&L&LX:¶LG3LG'LMTPL;EI 16 Subsequent call dates, if At par at the end of 10th year
M&LLG*3L*LKM&L&LX:¶L*LKWL4KNMET$LLO applicable from the Date of Allotment
È3¶LTEEX*LVG3LG'L )LLGK$L4BEEI*LXP; and thereafter on each
WVR&LG3LMT
coupon date (with prior RBI
permission)
ZL)LLBL!EX*LV EX*LV
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3L %
18 Coupon rate and any related 9.15%
MXQELBE index
ZL)LLBLKLTÉLEELWG-3L3P $LL. E??ZL)LLBLKLTÉLE0¶LP-'LLHLTYI 19 Existence of a dividend stopper The Bonds shall have
ULT$LL.ÉLLKE^LKLEX*LVEL)LRY3LLVVHIB a "dividend stopper
EKVT*LK$L4EELTCG%P7I!EL&LVLT¶LKLTB*LK arrangement" which shall
ZL)LLBL)LRY3LLVKLTEVTHT3LR$LLÉ¶LEKTYI" oblige the Bank to stop
dividend payments on equity/
*LXL;GPPTELGÉLELK>WÉL;GPPTELGÉLELK WGVPL¶L; common shares in the event
W'LPLWGVPL¶L; of Bondholders not being paid
)LRVLVTETGZ -7TJW*LW'LPLW6¶L VHIB coupon.
ÈLT3MLHVKLGLELWG-3L3P 20 Fully discretionary, partially Mandatory
*LGKP3L;VI¶LW'LPLW*LGKP3L;VI¶L W*LGKP3L;VI¶L incentive to redeem
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VG7YK ZLYXVHIB 22 Noncumulative or cumulative Noncumulative
¶LGO*LGKP3L;VI¶LH43LLT>*LXL;3LW'LPL ZLYXVHIB 23 Convertible or non-convertible Nonconvertible
optional conversion
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶L ZLYXVHIB
GZ<L3LETÈELKELTGPGVO7EKTB 28 If convertible, specify instrument NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶L ZLYXVHIB 29 If convertible, specify issuer of NA
GZ<L3LETULKIE3LL;ELTGPGVO7EKTB instrument it converts into
WPZT<LVGPLTL3LL B HLB 30 Write-down feature Yes
183
¶LGOWPGZG<L3LH43LLT>WPZT<LV &LLQ;>ET*LHZTULKI$LL.LTBHT3LR 31 If write-down, write-down The bonds issued before
G7YK trigger(s) March 31, 2019 shall have
*LXP;GPGVO7G7YKHLTBYT"WLK.$:¶LX two pre-specified triggers. A
ET%ETMIC;7I*LK EZLTWK*LXP; lower pre-specified trigger at
GPGVO7G7YK&LLQ;>MT*LHZT CET1 of 5.5% of RWAs shall
apply and remain effective
ZLYXPÈ)LLPIHLTBYT"CMG3LG'LMTG7YK> before March 31, 2019. From
TMTM)LI$LL.LTBETGZ WLK.$:¶LXET this date, the trigger shall be
%EIMIC;7IHT3LRUR7LC;UL¶LTBYI" raised to CET1 of 6.125%
of RWAs for all such bonds.
&LLQ;>3LEW'LPLNMET*L1LL3L Bonds issued on or after
ULKI$LL.ETPZWLK.$:¶LX ET% March 31, 2019 shall have
pre-specified trigger at CET1 of
ETMIC;7I*LK*LXP;GPGVO7G7YKHLTBYT"
6.125% of RWAs only.
¶LGOWPGZG<L3LH43LLT>*LXL;3LW'LPL ¶LGO$LL.*LXL;ÈOºLH4>*LXL;P-'LL¶LI 32 If write-down, full or partial If fully paid-up Bonds are fully
WBL3L WPGZG<L3LH43LLTPT$L4BEEIOT¶L3LLET and permanently written-
down, they shall cease to exist
*LGKL&LV&LTBP3L;&LLV*LGKLL&LLTBHT3LRM&LL*3LÈL¶L resulting in extinguishment of
HLTBYTWL4KCM3LKHMIC;7IMAGU3LEKTBYT" a liability of the Bank and thus
create CET1
¶LGOWPGZG<L3LH43LLT>-'LLC;W'LPL $LL.LTBEI-'LL¶LI¶LLW-'LL¶LIWPGZG<L3L 33 If write-down, permanent or The temporary or permanent
W-'LLC; ZLYX)LLK3LI¶LZT<LL&LLVELTBETWB3LY;3LMIC;7I temporary write-down of Bonds must
generate CET1 under
"WP¶LMAGU3LEKTYI"¶LH$LL.CVET applicable Indian Accounting
*LXL;WGZG<L3L^LKLMAGU3LMIC;7IET Standards. The Bonds shall
&LL4UXOL6¶LXV3L&L-3LKHT3LRETPZ 7I*LXBUI receive recognition in AT1
capital only up to the extent
&LTB-PI²G3LÈL*3LEKTBYT" of minimum level of CET1
generated by a full write-down
of the Bonds.
¶LGOW-'LLC;WPZT<LVH43LLTKLC;7 &LXZ$LL.*LXL;3L¶LL*LGKLG&L3LHLTBYT" 34 If temporary write-down, original Bonds may not be
W*LÈLLZIELGPPKL description of write-up fully extinguished. The par
$LL.LTBELM&L&LX:¶LG7YK L7VLHLTVT*LK
mechanism value of the Bonds may be
WPGZG<L3L L7L
ULME3LTH4BWL4K written-down (decrease) on
)LLK3LI¶LGKUP;$L4BE$LTMZ"""GOLLGVOT;LLTB the occurrence of the trigger
event and may be written-up
ETÈLPÉLLVLTBEIWVR*LLZVL&LTB)LGP¶L&LTB (increase) back to its original
CMETPL-3LGPE&LX:¶L3LEWPGZG<L3L value in future in conformity
$LL
ULMETBYT"3LRZV*LL&LTBÈOL3L with provisions of the RBI
Basel III Guidelines. The
NºLKP3LI;W-'LL¶LIWPGZG<L3LKLGL$LL.LTB amount shown in the balance
EIGPLTL3LLWLTBWL4KZLYXZT<LL&LLVELTB*LK sheet subsequent to temporary
WLÉLLGK3LHLTBYT" write-down may depend on
the features of the Bonds and
the prevailing Accounting
Standards.
*LGKM&LL*LV&LTBWÉLIV3LL-'LLV&LTB M)LIU&LLE3LL;WL4KW6¶LLE3LL; 35 Position in subordination All depositors and other
*LO¹&L GZ<L3LETGVE73L&LPGK# hierarchy in liquidation (specify creditors
GZ<L3LÈELKELNkT<LEKTB
¶LGOHLB>Y4KEL¶LL;G6P3LGPLTL3LLWLTB ZLYXVHIB 37 If yes, specify non-compliant NA
ELTGPGVO7EKVL features

instruments
.IC;$LIMIKIuLXIV DEB SERIES XIV

placement)
184
okf"kZd fjiksVZ

MB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK""$LLB._M
NºLKMB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK""$LLB._M
5 Post-transitional Basel III rules Tier II Bonds
GZ<L3LELÈELK 7I¶LK*LXBUI&LTBM&LLPTLVETGZ W*LGKP3L;VI¶L 7 Instrument type Non-Convertible Redeemable
&LLTQVI¶LWÈG3L)LX3L$LTMZ"""WVR*LLGZ3L7I¶LK Unsecured Basel III
$LLB._MG.$LTBQKEIÈ²G3L&LTB Compliant Tier 2 Bonds for
inclusion in Tier 2 Capital in
the nature of Debentures
KLGL ` G&LGZ¶LV*L¶LT&LTB>W]3LV capital (` in million, as of most
GK*LLT7;EIYC;G3LG'LETWVRMLK
ULKIEKVTEI&LXZG3LG'L *L2KPKI> 11 Original date of issuance 24-Feb-14
&LXZ*LGK*L%P3LLG3LG'L *L2KPKI> 13 Original maturity date 24-Feb-24
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIV ZLYXVHIB 14 Issuer call subject to prior NA
ULKIE3LL;EL8Z supervisory approval
P4EG:*LEEL8ZGOVLBE>WLEG-&LE ZLYXVHIB 15 Optional call date, contingent call NA
EL8ZGOVLBE PB&LLTQVKLGL dates and redemption amount
EX*LVOKW'LPLELTC; W6¶LMB$LBGÉL3LMXQELBE PLLEOKMT" 18 Coupon rate and any related index 9.65% p.a.
WBL3L 25 If convertible, fully or partially NA

W-'LLC; temporary
185
GZ<L3LETGVE73L&LPGK#GZ<L3L in liquidation (specify instrument creditors
ÈELKELNkT<LEKTB
instrument)
features
37 If yes, specify non-compliant NA
GPGVO7EKVL features

.IC;$LIMIKIuLXV DEB SERIES XV

*LHQLVE3LL;
GPGV¶LL&LE7I7&LTB7
GZ<L3LELÈELK 7I¶LK *LXBUI &LTB M&LLPTLV ET GZ 7 Instrument type Non-Convertible

W*LGKP3L;VI¶L &LLTQVI¶L WÈG3L)LX3L $LTMZ Redeemable Unsecured
Basel III Compliant Tier 2
"""WVR*LLGZ3L7I¶LK$LLB._MG.$LTBQKEI
Bonds for inclusion in Tier
È²G3L&LTB 2 Capital in the nature of
Debentures
G3LG'LETWVRMLK

*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIVULKI ZLYXVHIB 14 Issuer call subject to prior NA
E3LL;EL8Z supervisory approval

EX*LVOKW'LPLELTC; W6¶LMB$LBGÉL3LMXQELBE PLLEOKMT" 18 Coupon rate and any related index 9.68% p.a.
*LXL;GPPTELGÉLELK>WÉL;GPPTELGÉLELK WGVPL¶L;
186
okf"kZd fjiksVZ
.IC;$LIMIKIuLXV DEB SERIES XV

¶LGOWPGZG<L3LH43LLT>*LXL;3LW'LPLWBL3LZLYXVHIB 32 If write-down, full or partial NA

W-'LLC; temporary
GZ<L3LETGVE73L&LPGK#GZ<L3LÈELK
ELNkT<LEKTB
instrument)
GPGVO7EKVL features

.IC;$LIMIKIuLXVI DEB SERIES XVI

*LHQLVE3LL;
GPGV¶LL&LE7I7&LTB7
GZ<L3LELÈELK 7I¶LK*LXBUI&LTBM&LLPTLVETGZ W*LGKP3L;VI¶L 7 Instrument type Non-Convertible Redeemable
&LLTQVI¶LWÈG3L)LX3L$LTMZ"""WVR*LLGZ3L7I¶LK Unsecured Basel III
$LLB._MG.$LTBQKEIÈ²G3L&LTB Compliant Tier 2 Bonds for
inclusion in Tier 2 Capital in
the nature of Debentures
KLGL ` G&LGZ¶LV&LTB>W]3LVGK*LLT7; capital (` in million, as of most
EIYC;G3LG'LETWVRMLK
ULKIEKVTEI&LXZG3LG'L WÈ4Z> 11 Original date of issuance 3-Apr-2014

187
.IC;$LIMIKIuLXVI DEB SERIES XVI
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIV ZLYXVHIB 14 Issuer call subject to prior NA
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3L PLLEOKMT" 18 Coupon rate and any related index 9.68% p.a.
MXQELBE
W'LPLWGVPL¶L;
)LRVLVTETGZ -7TJW*LW'LPLW6¶L VHIB incentive to redeem
¶LGOWPGZG<L3LH43LLT>WPZT<LVG7YKZLYXVHIB 31 If write-down, write-down trigger(s) NA
WBL3L
W-'LLC;
¶LGOW-'LLC;WPZT<LVH43LLTKLC;7W*L ZLYXVHIB description of write-up mechanism
ÈLLZIELGPPKL 35 Position in subordination hierarchy All depositors and other
*LGKM&LL*LV&LTBWÉLIV3LL-'LLV&LTB M)LIU&LLE3LL;WL4KW6¶LLE3LL; in liquidation (specify instrument creditors
*LO¹&L GZ<L3LETGVE73L&LPGK# type immediately senior to
instrument)
GPGVO7EKVL features

instruments
7T&*ZT7
.IC;$LIMIKIuLXVII DEB SERIES XVII
WLC; MWLC; VW'LPLGVUIGV¶LRG%S¶LLTBETGZ $ZX&L$LY; or Bloomberg identifier for private
*LHQLVE3LL;
placement)
188
okf"kZd fjiksVZ

GZ<L3LELÈELK 7I¶LK*LXUB I&LTB M&LLPTLVET
7 Instrument type Non-Convertible
GZ W*LGKP3L;VI¶L&LLTQVI¶L Redeemable Unsecured
WÈG3L)LX3L$LTMZ"""WVR*LLGZ3L Basel III Compliant Tier 2
7I¶LK$LLB.M _ G.$LTQB KEI Bonds for inclusion in Tier
È²G3L&LTB 2 Capital in the nature of
Debentures
GPGV¶LL&LE*LXBUI&LTBLLG&LZEIYC;KLGL ` G&LGZ¶LV 8 Amount recognised in regulatory 5000
&LTB>W]3LVGK*LLT7;EIYC;G3LG'LETWVRMLK

&LXZ*LGK*L%P3LLG3LG'L GM3L&$LK> 13 Original maturity date 9-Sep-24
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIVULKIE3LL;EL8Z ZLYXVHIB 14 Issuer call subject to prior NA
supervisory approval
P4EG:*LEEL8ZGOVLBE>WLEG-&LEEL8ZGOVLBE PB ZLYXVHIB 15 Optional call date, contingent call NA
&LLTQVKLGL dates and redemption amount
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3LMXQELBE PLLEOKMT" 18 Coupon rate and any related index 9.35% p.a.
*LXL;GPPTELGÉLELK>WÉL;GPPTELGÉLELKW'LPLWGVPL¶L; WGVPL¶L;
)LRVLVTETGZ -7TJW*LW'LPLW6¶LÈLT3MLHVKLGL VHIB 21 Existence of step up or other NO
ELWG-3L3P incentive to redeem

ELTGPGVO7EKTB

temporary
¶LGOW-'LLC;WPZT<LVH43LLTKLC;7W*LÈLLZIEL ZLYXVHIB 34 If temporary write-down, NA
GPPKL description of write-up mechanism
*LGKM&LL*LV&LTBWÉLIV3LL-'LLV&LTB*LO¹&L GZ<L3LET M)LIU&LLE3LL;WL4KW6¶L 35 Position in subordination hierarchy in All depositors and other
GVE73L&LPGK#GZ<L3LÈELKELN:ZT<LEKTB
LE3LL;
189
EKVL features

.IC;$LIMIKIuLXVIII DEB SERIES XVIII

placement)
GZ<L3LELÈELK 7I¶LK*LXBUI&LTBM&LLPTLVETGZ 6 Eligible at solo/group/ group & solo Solo
W*LGKP3L;VI¶L&LLTQVI¶LWÈG3L)LX3L$LTMZ 7 Instrument type Non-Convertible
"""WVR*LLGZ3L7I¶LK$LLB._MG.$LTBQK Redeemable Unsecured
EIÈ²G3L&LTB Basel III Compliant Tier 2
Bonds for inclusion in Tier
2 Capital in the nature of
Debentures
GPGV¶LL&LE*LXBUI&LTBLLG&LZEIYC;KLGL ` 8 Amount recognised in regulatory 10000
G&LGZ¶LV&LTB>W]3LVGK*LLT7;EIYC;G3LG'LET capital (` in million, as of most
WVRMLK
11 Original date of issuance 30-9-14
ULKIEKVTEI&LXZG3LG'L
13 Original maturity date 30-9-24
&LXZ*LGK*L%P3LLG3LG'L
14 Issuer call subject to prior NA
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIVULKIE3LL; ZLYXVHIB supervisory approval
EL8Z
15 Optional call date, contingent call NA
P4EG:*LEEL8ZGOVLBE>WLEG-&LEEL8Z ZLYXVHIB dates and redemption amount
GOVLBE PB&LLTQVKLGL 16 Subsequent call dates, if applicable NA
ZL)LLBL!EX*LV EX*LV
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3LMXQELBE PLLEOKMT" 18 Coupon rate and any related index 9.25%
incentive to redeem
190
okf"kZd fjiksVZ
.IC;$LIMIKIuLXVIII DEB SERIES XVIII

¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3LET ZLYXVHIB 28 If convertible, specify instrument NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3LET ZLYXVHIB 29 If convertible, specify issuer of NA

temporary
GZ<L3LETGVE73L&LPGK#GZ<L3LÈELKEL in liquidation (specify instrument creditors
NkT<LEKTB

instrument)
GPGVO7EKVL features
instruments
7T&*ZT7
*LI V$LIHLNMY*L2LCVTBM GZ 1 Issuer PNB Housing Finance Ltd.
GPGL7*LHQLVE3LL; NOLHKL WLC; VC;C; 2 Unique identifier (e.g. CUSIP, ISIN INE572E09197
placement)
3 Governing law(s) of the instrument
GZ<L3LLTBELGV¶LBLLEKVTPLZTGV¶L&L
GPGV¶LL&LE7I7&LTB7
NºLKMB¹&LLELGZE$LTMZ"""GV¶L&L 5 Post-transitional Basel III rules

EZ!M&LXH!M&LXH PB EZ-3LK*LK*LLL 6 Eligible at solo/group/ group & solo
GZ<L3LELÈELK WÈG3L)LX3L7I¶LKII$LLB._M 7 Instrument type Unsecured Tier II Bonds

G3LG'LETWVRMLK
reporting date)
9 Par value of instrument 200
GZ<L3LELM&L&LX:¶L
10 Accounting classification Unsecured Borrowing
ZT<LLBEVPYI;EKL WÈG3L)LX3LNÉLLK
ULKIEKVTEI&LXZG3LG'L 11 Original date of issuance 21.12.2012
M3L3LW'LPLGOVLBGE3L *LGK*L%P3LLG3LG'L 12 Perpetual or dated Maturity Dated 21.12.2022

FXZJGKJ%PSLGSG'L 13 Original maturity date 21.12.2022
*LXP; *L¶L;P\T LIWVR&LLTOVETWÉLIVULKIE3LL;EL8Z ZLYXVHIB 14 Issuer call subject to prior supervisory NA
approval
P4EG:*LEEL8ZGOVLBE>WLEG-&LEEL8Z ZLYXVHIB
15 Optional call date, contingent call NA
ZL)LLBL!EX*LV ZLYXVHIB Coupons / dividends NA
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3L
18 Coupon rate and any related index 9.1
MXQELBE
191
ZL)LLBLKLTÉLEELWG-3L3P ZLYXVHIB 19 Existence of a dividend stopper NA
*LXL;GPPTELGÉLELK>WÉL;GPPTELGÉLELK ZLYXVHIB 20 Fully discretionary, partially NA
)LRVLVTETGZ -7TJW*LW'LPLW6¶L ZLYXVHIB 21 Existence of step up or other incentive NA
ÈLT3MLHVKLGLELWG-3L3P to redeem
Y4KMBQ¶LIW'LPLMBQ¶LI Y4KMBQ¶LI 22 Noncumulative or cumulative Non Cumulative
*LGKP3L;VI¶LW'LPLW*LGKP3L;VI¶L ZLYXVHIB
23 Convertible or non-convertible NA
28 If convertible, specify instrument type NA
WPZT<LVGPLTL3LL B
30 Write-down feature 0
¶LGOWPGZG<L3LH43LLT>WPZT<LVG7YK
31 If write-down, write-down trigger(s) 0
¶LGOWPGZG<L3LH43LLT>*LXL;3LW'LPL
WBL3L 32 If write-down, full or partial 0
¶LGOWPGZG<L3LH43LLT>-'LLC;W'LPL 33 If write-down, permanent or 0
W-'LLC; temporary
¶LGOW-'LLC;WPZT<LVH43LLTKLC;7W*L 34 If temporary write-down, description 0
*LGKM&LL*LV&LTBWÉLIV3LL-'LLV&LTB*LO¹&L CG%P7I
35 Position in subordination hierarchy in Equity
GZ<L3LETGVE73L&LPGK#GZ<L3LÈELK liquidation (specify instrument type
ELNkT<LEKTB
Y4KEL¶LL;G6P3LMB¹&LLGPLTL3LL B ZLYXVHIB 36 Non-compliant transitioned features NA
37 If yes, specify non-compliant features NA
GPGVO7EKVL
instruments
ULKIE3LL; *LI V$LIHLNMY*L2LCVTBMGZ 1 Issuer PNB Housing Finance Ltd.

GPGL7*LHQLVE3LL; NOLHKL WLC; VC;C; 2 Unique identifier (e.g. CUSIP, ISIN INE572E09015
*LHQLVE3LL;
3 Governing law(s) of the instrument
GZ<L3LLTBELGV¶LBLLEKVTPLZTGV¶L&L
GPGV¶LL&LE7I7&LTB7
4 Transitional Basel III rules
MB¹&LLELGZE$LTMZ"""GV¶L&L
NºLKMB¹&LLELGZE$LTMZ""" 5 Post-transitional Basel III rules
GV¶L&L 6 Eligible at solo/group/ group & solo
EZ!M&LXH!M&LXH PB EZ-3LK
7 Instrument type Unsecured Tier II Bonds
*LK*LLL
GZ<L3LELÈELK WÈG3L)LX3L7I¶LK""$LLB._M 8 Amount recognised in regulatory 100
GPGV¶LL&LE *LXBUI &LTB LLG&LZ EI YC; reporting date)
KLGL ` G&LGZ¶LV&LTB>W]3LVGK*LLT7;EI
9 Par value of instrument 100
YC;G3LG'LETWVRMLK

GZ<L3LELM&L&LX:¶L 10 Accounting classification Unsecured Borrowing
ZT<LLBEVPYI;EKL WÈG3L)LX3LNÉLLK 11 Original date of issuance 22.07.2006
ULKIEKVTEI&LXZG3LG'L 12 Perpetual or dated Maturuty Dated
M3L3LW'LPLGOVLBGE3L *LGK*L%P3LLG3LG'L 22.03.2016
192
okf"kZd fjiksVZ
&LXZ*LGK*L%P3LLG3LG'L 13 Original maturity date 22.03.2016

*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIV ZLYXVHIB
14 Issuer call subject to prior supervisory NA
ULKIE3LL;EL8Z approval
ZL)LLBL!EX*LV ZLYXVHIB
G-'LKW'LPLWG-'LKZL)LLBL!EX*LV G-'LK Coupons / dividends NA
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3L 17 Fixed or floating dividend/coupon Fixed
MXQELBE
18 Coupon rate and any related index 9.25
ZL)LLBLKLTÉLEELWG-3L3P ZLYXVHIB
*LXL;GPPTELGÉLELK>WÉL;GPPTELGÉLELK ZLYXVHIB 19 Existence of a dividend stopper NA
W'LPLWGVPL¶L; 20 Fully discretionary, partially NA
)LRVLVTETGZ -7TJW*LW'LPLW6¶L ZLYXVHIB discretionary or mandatory
ÈLT3MLHVKLGLELWG-3L3P 21 Existence of step up or other incentive NA
Y4KMBQ¶LIW'LPLMBQ¶LI Y4KMBQ¶LI to redeem
*LGKP3L;VI¶LW'LPLW*LGKP3L;VI¶L ZLYXVHIB 22 Noncumulative or cumulative Non Cumulative
23 Convertible or non-convertible NA
P4EG:*LE*LGKP3L;V 26 If convertible, conversion rate NA
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶L ZLYXVHIB 27 If convertible, mandatory or optional NA
GZ<L3LETÈELKELTGPGVO7EKTB conversion
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶L ZLYXVHIB 28 If convertible, specify instrument type NA
GZ<L3LETULKIE3LL;ELTGPGVO7EKTB convertible into
WPZT<LVGPLTL3LL B 29 If convertible, specify issuer of NA
¶LGOWPGZG<L3LH43LLT>WPZT<LV instrument it converts into
G7YK 30 Write-down feature 0
¶LGOWPGZG<L3LH43LLT>*LXL;3LW'LPL 31 If write-down, write-down trigger(s) 0
WBL3L
¶LGOWPGZG<L3LH43LLT>-'LLC;W'LPL 32 If write-down, full or partial 0
W-'LLC; 33 If write-down, permanent or temporary 0
¶LGOW-'LLC;WPZT<LVH43LLTKLC;7
34 If temporary write-down, description 0
W*LÈLLZIELGPPKL of write-up mechanism
*LGKM&LL*LV&LTBWÉLIV3LL-'LLV&LTB CG%P7I
35 Position in subordination hierarchy in Equity
*LO¹&L GZ<L3LETGVE73L&LPGK# liquidation (specify instrument type
37 If yes, specify non-compliant features NA
GPGVO7EKVL
GPGV¶LL&LE*LXBUIGZ<L3LLTBETÈ&LR<L3L3PLTBETÈE7IEKLETGZ 7T&*ZT7
instruments
ULKIE3LL; *LI VDIHLNGMBYJ2LCVTBMGZ 1 Issuer PNB Housing Finance Ltd.

GPGL7*LHQLVE3LL; NOLHKL WLC; VC;E 2 Unique identifier (e.g. CUSIP, ISIN INE572E09262
placement)
GZ<L3LLTBELGV¶LBLLEKVTPLZTGV¶L&L 3 Governing law(s) of the instrument

NºLKMB¹&LLELGZE$LTMZ"""GV¶L&L 5 Post-transitional Basel III rules
193
EZ!M&LXH!M&LXH PB EZ-3LK*LK*LLL 6 Eligible at solo/group/ group & solo
GZ<L3LELÈELK WJ[GS)LXS7IKIIDL8. 7 Instrument type Unsecured Tier II Bonds
GPGV¶LL&LE*LXBUI&LTBLLG&LZEIYC;KLGL
` G&LGZ¶LV*L¶LT&LTB>W]3LVGK*LLT7;EI capital (` in million, as of most recent
YC;G3LG'LETWVRMLK
reporting date)
ZT<LLBEVPYI;EKL WJ[GS)LXSNÉLLK 10 Accounting classification Unsecured Borrowing
M3L3LW'LPLGOVLBGE3L JGKJ%0LSLGSG'LSE 12 Perpetual or dated Maturuty Dated
24.11.2024
&LXZ*LGK*L%P3LLG3LG'L 13 Original maturity date 24.11.2024
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIVULKIE3LL; ZLYXVHIB 14 Issuer call subject to prior supervisory NA
EL8Z approval
P4EG:*LEEL8ZGOVLBE>WLEG-&LEEL8Z ZLYXVHIB 15 Optional call date, contingent call NA
ZL)LLBL!EX*LV Coupons / dividends NA
EX*LVOKW'LPLELTC; W6¶LMB$LBGÉL3LMXQELBE 18 Coupon rate and any related index 8.7
ZL)LLBLKLTÉLEELWG-3L3P ZLYXVHIB 19 Existence of a dividend stopper NA
*LXL;GPPTELGÉLELK>WÉL;GPPTELGÉLELKW'LPLZLYXVHIB 20 Fully discretionary, partially NA
)LRVLVTETGZ -7TJW*LW'LPLW6¶L ZLYXVHIB 21 Existence of step up or other incentive NA
*LGKP3L;VI¶LW'LPLW*LGKP3L;VI¶L ZLYXVHIB 23 Convertible or non-convertible NA
¶LGO*LGKP3L;VI¶LH43LLT>*LXL;3LW'LPLWBL3LZLYXVHIB 25 If convertible, fully or partially NA
WPZT<LVGPLTL3LL B 30 Write-down feature 0
¶LGOWPGZG<L3LH43LLT>WPZT<LVG7YK 31 If write-down, write-down trigger(s) 0
¶LGOWPGZG<L3LH43LLT>*LXL;3LW'LPLWBL3L 32 If write-down, full or partial 0
¶LGOWPGZG<L3LH43LLT>-'LLC;W'LPLW-'LLC; 33 If write-down, permanent or 0

temporary
¶LGOW-'LLC;WPZT<LVH43LLTKLC;7W*L 34 If temporary write-down, description 0
*LGKM&LL*LV&LTBWÉLIV3LL-'LLV&LTB*LO¹&L CG%P7I 35 Position in subordination hierarchy in Equity
GZ<L3LETGVE73L&LPGK#GZ<L3LÈELK liquidation (specify instrument type
ELNkT<LEKTB

¶LGOHLB>Y4KEL¶LL;G6P3LGPLTL3LLWLTBELT ZLYXVHIB 37 If yes, specify non-compliant features NA
GPGVO7EKVL
194
okf"kZd fjiksVZ

instruments
7T&*ZT7
CG%P7ILTKJBXUI Equity Share Capital
ULKIE3LL; *LI V$LIWLC; Z 1 Issuer PNBIL
GPGL7*LHQLVE3LL; NOLHKL VL8V.I&L47
2 Unique identifier (e.g. CUSIP, ISIN Non Demat
placement)
GZ<L3LLTBELGV¶LBLLEKVTPLZTGV¶L&L Q4VZWLC;Z4B.-7L8E&LLET;7 3 Governing law(s) of the instrument Channel Island Stock
Market
MB¹&LLELGZE$LTMZ"""GV¶L&L JXL;MIFLSENJZ$ÉL 4 Transitional Basel III rules Available to full extent
NºLKMB¹&LLELGZE$LTMZ"""GV¶L&L JXL;MIFLSENJZ$ÉL 5 Post-transitional Basel III rules Available to full extent
GZ<L3LELÈELK MLFL6LTK 7 Instrument type Ordinary Shares
G3LG'LETWVRMLK
reporting date)
GZ<L3LELM&L&LX:¶L 9 Par value of instrument 9351.91
ZT<LLBEVPYI;EKL CG%P7ILTKJBXUI 10 Accounting classification Equity Share Capital
ULKIEKVTEI&LXZG3LG'L GPG)L6VGSG'LLTBELTULKI 11 Original date of issuance Issued on various dates
M3L3LW'LPLGOVLBGE3L MSS 12 Perpetual or dated Perpetual
&LXZ*LGK*L%P3LLG3LG'L WGOVLBGE3L 13 Original maturity date Undated
*LXP; *L¶L;P\T LIWVR&LLTOVETWÉLIVULKIE3LL;EL8ZZLYXVHIB 14 Issuer call subject to prior supervisory NA

approval
P4EG:*LEEL8ZGOVLBE>WLEG-&LEEL8Z ZLYXVHIB 15 Optional call date, contingent call NA
ZL)LLBL!EX*LV Coupons / dividends
G-'LKW'LPLWG-'LKZL)LLBL!EX*LV ¾ZLT7Y 17 Fixed or floating dividend/coupon Floating
EX*LVOKW'LPLELTC; W6¶LMB$LBGÉL3LMXQELBELX6¶L 18 Coupon rate and any related index Nil
ZL)LLBLKLTÉLEELWG-3L3P LX6¶L 19 Existence of a dividend stopper Nil

*LXL;GPPTELGÉLELK>WÉL;GPPTELGÉLELK *LXL;GPPTELGÉLELK 20 Fully discretionary, partially discre- Fully Discretionery
W'LPLWGVPL¶L; tionary or mandatory
)LRVLVTETGZ -7TJW*LW'LPLW6¶L VHIB 21 Existence of step up or other incentive No
*LGKP3L;VI¶LW'LPLW*LGKP3L;VI¶L ZLYXVHIB 23 Convertible or non-convertible NA


¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3L ZLYXVHIB 29 If convertible, specify issuer of instru- NA
ETULKIE3LL;ELTGPGVO7EKTB ment it converts into
195
CG%P7ILTKJBXUI Equity Share Capital
WBL3L
33 If write-down, permanent or tempo- NA
¶LGOWPGZG<L3LH43LLT>-'LLC;W'LPL ZLYXVHIB
rary
W-'LLC;
of write-up mechanism
ÈLLZIELGPPKL
*LGKM&LL*LV&LTBWÉLIV3LL-'LLV&LTB*LO¹&L J['LF 35 Position in subordination hierarchy in First
liquidation (specify instrument type
GZ<L3LETGVE73L&LPGK#GZ<L3LÈELK
ELN:ZT<LEKTB

Y4KEL¶LL;G6P3LMB¹&LLGPLTL3LL B LX6 36 Non-compliant transitioned features Nil
¶LGOHLB>Y4KEL¶LL;G6P3LGPLTL3LLWLTBELT LX6 37 If yes, specify non-compliant features Nil
GPGVO7EKVL

instruments
7T&*ZT7
WJK7I¶LK""*LXBUI$LLB. Upper Tier II Capital Bonds

GPGL7*LHQLVE3LL; NOLHKL VL8V.I&L47 2 Unique identifier (e.g. CUSIP, ISIN Non Demat
placement)
GZ<L3LLTBELGV¶LBLLEKVTPLZTGV¶L&L Q4VZWLC;Z4B.-7L8E&LLET;7 3 Governing law(s) of the instrument Channel Island Stock
Market
MB¹&LLELGZE$LTMZ"""GV¶L&L WGSGK%S7IK"FTBJGKPGS;SGE 4 Transitional Basel III rules Will have to be converted
UL BYTB into additional Tier I
NºLKMB¹&LLELGZE$LTMZ"""GV¶L&L WGSGK%S7IK"FTBJGKPGS;SGE 5 Post-transitional Basel III rules Will have to be converted
UL BYTBW6'LL7IK""FTBFLVTUL BYT into additional Tier I.
Otherwise shall account
for Tier II.
GZ<L3LELÈELK YL4LMSSL 7 Instrument type Subordinated perpetual
debt
G&LGZ¶LV*L¶LT&LTB>W]3LVGK*LLT7;EIYC; capital (` in million, as of most recent
G3LG'LETWVRMLK
reporting date)
ZT<LLBEVPYI;EKL W; MTFI
CG%P7I 10 Accounting classification Semi Equity
M3L3LW'LPLGOVLBGE3L MSS 12 Perpetual or dated Perpetual
&LXZ*LGK*L%P3LLG3LG'L WGOVLBGES 13 Original maturity date Undated
*LXP; *L¶L;P\T LIWVR&LLTOVETWÉLIVULKIE3LL;EL8Z PL; 14 Issuer call subject to prior supervisory 10 Years
approval
P4EG:*LEEL8ZGOVLBE>WLEG-&LEEL8Z 15 Optional call date, contingent call 31.3.2021
WVRP3LI;EL8ZGOVLBE>¶LGOZLYXHLT LX6¶L 16 Subsequent call dates, if applicable Nil
EX*LVOKW'LPLELTC; W6¶LMB$LBGÉL3LMXQELBE &LGZ$LLTK$LI*LI M 18 Coupon rate and any related index 6MLIBOR + 400bps
*LXL;GPPTELGÉLELK>WÉL;GPPTELGÉLELKW'LPL JXL;GPPTELGÉLELK 20 Fully discretionary, partially Fully Discretionery
)LRVLVTETGZ -7TJW*LW'LPLW6¶L VHIB 21 Existence of step up or other incentive No
196
okf"kZd fjiksVZ
WJK7I¶LK""*LXBUI$LLB. Upper Tier II Capital Bonds

*LGKP3L;VI¶LW'LPLW*LGKP3L;VI¶L W*LGKP3L;VI¶L 23 Convertible or non-convertible Non convertible
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3LET ZLYXVHIB 28 If convertible, specify instrument type NA
ÈELKELTGPGVO7EKTB convertible into
¶LGO*LGKP3L;VI¶LH43LLT>*LGKP3L;VI¶LGZ<L3LET ZLYXVHIB 29 If convertible, specify issuer of NA
WPZT<LVGPLTL3LL B LX6B 30 Write-down feature Nil
¶LGOWPGZG<L3LH43LLT>*LXL;3LW'LPLWBL3L ZLYXVHI 32 If write-down, full or partial NA

temporary
*LGKM&LL*LV&LTBWÉLIV3LL-'LLV&LTB*LO¹&L M)LIW6¶LGL¶LLTBETGZ YL4L 35 Position in subordination hierarchy in Subordinated to all other
GZ<L3LETGVE73L&LPGK#GZ<L3LÈELK liquidation (specify instrument type creditors
ELNkT<LEKTB
Y4KEL¶LL;G6P3LMB¹&LLGPLTL3LL B JGKPGS;SGVYGFSD7_7LWGSGK%S 36 Non-compliant transitioned features convertibility write off
7IKFTBGE UL W6'LL7IK to be incorporated to be
FTBFLVTUL BYT" treated as additional Tier
I. otherwise will account
as Tier II.
¶LGOHLB>Y4KEL¶LL;G6P3LGPLTL3LLWLTBELT N*LKLT%SLVRMLK
GPGVO7EKVL 37 If yes, specify non-compliant features As Above

instruments
7T&*ZT7
ZLTWK7I¶LK""*LXBUI$LLB. Lower Tier II Capital Bonds
GPGL7 *LHQLVE3LL; NOLHKL VL8V.I&L47 2 Unique identifier (e.g. CUSIP, ISIN Non Demat
placement)
GZ<L3LLTBELGV¶LBLLEKVTPLZTGV¶L&L Q4VZWLC;Z4B.-7L8E&LLET;7 3 Governing law(s) of the instrument Channel Island Stock Market
MB¹&LLELGZE$LTMZ"""GV¶L&L EPL;&LTB7I¶LK"EI>OXMKTPL;&LTB 4 Transitional Basel III rules Available to the extent of
>3LIMKTPL;EIMI&LL&LTBN*LZ$ÉL 100% of Tier I in year I, 75%
in year II, 50% in year III.
NºLKMB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK"EIEIMI&LL&LTBN*LZ$ÉL 5 Post-transitional Basel III rules Available to the extent of
33% of Tier I
GZ<L3LELÈELK YL4LGOVLBGE3LL 7 Instrument type Subordinated dated debt
` G&LGZ¶LV&LTB>W]3LVGK*LLT7; EIYC; capital (` in million, as of most
G3LG'LETWVRMLK
ZT<LLBEVPYI;EKL YL4LL 10 Accounting classification Subordinated debt
ULKIEKVTEI&LXZG3LG'L >> 11 Original date of issuance 31.3.2009, 31.1.2012,

4.10.2012
M3L3LW'LPLGOVLBGE3L GOVLBGE3L 12 Perpetual or dated Dated
197
&LXZ*LGK*L%P3LLG3LG'L PL; 13 Original maturity date 10 Years
*LXP;*L¶L;PT\LIWVR&LLTOVETWÉLIV PL; 14 Issuer call subject to prior 5 Years
P4EG:*LEEL8ZGOVLBE>WLEG-&LE >> 15 Optional call date, contingent call 31.3.2014, 31.1.2017,
EL8ZGOVLBE PB&LLTQVKLGL dates and redemption amount 4.10.2017,
EX*LVOKW'LPLELTC;W6¶LMB$LBGÉL3L &LGZ$LLTK$LI*LI M
18 Coupon rate and any related index 6M LIBOR + 400 bps
MXQELBE
ZL)LLBLKLTÉLEELWG-3L3P LX6¶L
19 Existence of a dividend stopper Nil
*LXL;GPPTELGÉLELK>WÉL;GPPTELGÉLELK WGVPL¶L;
W'LPLWGVPL¶L; 20 Fully discretionary, partially Mandatory
21 Existence of step up or other No
incentive to redeem
Y4KMBQ¶LIW'LPLMBQ¶LI MBQ¶LI
22 Noncumulative or cumulative Cumulative
23 Convertible or non-convertible Non convertible
¶LGO*LGKP3L;VI¶LH43LLT>*LXL;3LW'LPL ZLYXVHIB 24 If convertible, conversion trigger(s) NA
GZ<L3LETULKIE3LL;ELTGPGVO7EKTB
30 Write-down feature Nil
WPZT<LVGPLTL3LL B LX6
W-'LLC; 34 If temporary write-down, description NA
¶LGOW-'LLC;WPZT<LVH43LLTKLC;7W*L ZLYXVHIB of write-up mechanism
ÈLLZIELGPPKL 35 Position in subordination hierarchy Subordinated to all other
*LGKM&LL*LV&LTBWÉLIV3LL-'LLV&LTB*LO¹&L M)LIW6¶LGL¶LLTBETGZ YL4L in liquidation (specify instrument creditors
GZ<L3LETGVE73L&LPGK#GZ<L3L
instrument)
ÈELKELNkT<LEKTB

36 Non-compliant transitioned features To be amortized in the last
Y4KEL¶LL;G6P3LMB¹&LLGPLTL3LL B WBG3L&LPLLT&LTB*LGKLLTGÉL3LGE UL B five years
¶LGOHLB>Y4KEL¶LL;G6P3LGPLTL3LLWLTBELT N*LKLT%SLVRMLK 37 If yes, specify non-compliant As Above
GPGVO7EKVL features


GPGL7*LHQLVE3LL; NOLHKL VL8V.I&L47 2 Unique identifier (e.g. CUSIP, ISIN Non Demat
placement)
GZ<L3LLTBELGV¶LBLLEKVTPLZTGV¶L&L Q4VZWLC;MZ4B.-7L8E&LLET;7 3 Governing law(s) of the instrument Channel Island Stock
Market
198
okf"kZd fjiksVZ
MB¹&LLELGZE$LTMZ"""GV¶L&L E PL; &LTB 7I¶LK " EI > OXMKT 4 Transitional Basel III rules Available to the extent of
PL; &LTB >3LIMKT PL; EIMI&LL 100% of Tier I in year I, 75%
&LTBN*LZ$ÉL in year II, 50% in year III.
NºLKMB¹&LLELGZE$LTMZ"""GV¶L&L 7I¶LK"EIEIMI&LL&LTB N*LZ$ÉL 5 Post-transitional Basel III rules Available to the extent of
33.33% of Tier I
GZ<L3LELÈELK YL4LGOVLBGE3LL 7 Instrument type Subordinated dated debt

G3LG'LETWVRMLK
reporting date)
10 Accounting classification Subordinated debt
ZT<LLBEVPYI;EKL YL4LL
ULKIEKVTEI&LXZG3LG'L > 11 Original date of issuance 23.12.2013, 19.8.2014
M3L3LW'LPLGOVLBGE3L GOVLBGE3L 12 Perpetual or dated Dated
&LXZ*LGK*L%P3LLG3LG'L PL;>PL; 13 Original maturity date 15 Years, 10 Years
*LXP; *L¶L;P\T LIWVR&LLTOVETWÉLIVULKIE3LL;EL8Z PL;>PL; 14 Issuer call subject to prior supervisory 10 Years, 5 Years
approval
P4EG:*LEEL8ZGOVLBE>WLEG-&LEEL8Z > 15 Optional call date, contingent call 23.12.2023, 19.08.2024
EX*LVOKW'LPLELTC; W6¶LMB$LBGÉL3LMXQELBE &LGZ$LLTK$LI*LI M 18 Coupon rate and any related index 6M LIBOR + 450bps

)LRVLVTETGZ -7TJW*LW'LPLW6¶L VHIB 21 Existence of step up or other No
Y4KMBQ¶LIW'LPLMBQ¶LI MBQ¶LI 22 Noncumulative or cumulative Cumulative
*LGKP3L;VI¶LW'LPLW*LGKP3L;VI¶L W*LGKP3L;VI¶L 23 Convertible or non-convertible Non convertible


30 Write-down feature Nil
WPZT<LVGPLTL3LL B LX6
¶LGOWPGZG<L3LH43LLT>-'LLC;W'LPLW-'LLC; ZLYXVHIB 33 If write-down, permanent or temporary NA
GOW-'LLC;WPZT<LVH4SLTKLC7WJ ZLYXVHIB 34 If temporary write-down, description NA
J[LLZIELGPPKL of write-up mechanism
*LGKM&LL*LV &LTB WÉLIV3LL -'LLV &LTB *LO¹&L M)LIW6¶LGL¶LLTBETGZ YL4L 35 Position in subordination hierarchy in Subordinated to all other
GZ<L3LETGVE73L&LPGK#GZ<L3LÈELK liquidation (specify instrument type creditors
ELNkT<LEKTB
36 Non-compliant transitioned features To be amortized in the last
Y4KELL;G6PSMB¹FLGPLTLSL B WBGSFJLBQPLLTFTBJGKLLTGÉLSGE UL
five years
¶LGOHLB>Y4KEL¶LL;G6P3LGPLTL3LLWLTBELT N*LKLT%SLVRMLK 37 If yes, specify non-compliant features As Above
GPGVO7EKVL
199
3LLGZEL .I *L2 GPGV¶LL&LE *LXBUI GZ<L3LLTB EI *LXL; L3LT PB Table DF – 14: Full Terms and Conditions of Regulatory Capital
GV$LBÉLV Instruments.
¹MB GZ<L3L *LI V$LI

*LXL;L3LT PBGV$LBÉLV Sr. No INSTRUMENT (PNB) FULL TERMS AND CONDITIONS
1. Equity Shares Ordinary shares, non-cumulative
CG%P7ILT¶LK MLÉLLKLLT¶LK>Y4KMBQ¶LI
1. Unsecured Redeemable Issue Size: ` 500 Crore with Green
WÈG3L)LX3L>&LLTQVI¶LY4K*LGKP3L;VI¶LGVY;&LELWLELKÈKLT.ETY[IVLX Non convertible Sub- shoe option of ` 500 Crore, Date of
YL4LW*LKG7¶LK""$LL.M LGPE:*LETML'LÈKLT.>WL$LB7VEIG3LG'L ordinated upper Tier II Allotment: June 16, 2006, Date of
*LXBUIGZ<L3L
+AB<LZL XIPQVUXV>&LLTQVEIG3LG'L> Bonds (Debts Capital Redemption: 16.04.2016, Par Value:
*LLEIÈ²G3L&LTB M&L&LX:¶LG&LGZ¶LV>*LR7 B.EL8ZGPE:*L Instruments) Series XI in `1 Million, Put and Call Option: At par
WLC; VC; WL$LB7VEIMB)LLGP3LG3LG'LMTPL;EIM&LLG*3L the nature of Promissory at the end of 10th year from deemed
Note. date of allotment (with the prior
*LKM&L&LX:¶L*LK )LLGK$L4BEEI*LXP;WVR&LG3LET INE160A09124 permission of RBI), Rate of Interest
ML'L
>$¶LLUEIOK PB$LLK&$LLK3LL% and frequency: @8.45% p.a., Listing:
ÈG3LPL;EIOKMTMXQIEKL)LLK3LI¶LKL7I¶L On the National Stock Exchange of
-7L8E %MQTBUGZG&L7T. V MC;
*LK>M)LI India Ltd (NSE), All in Dematerialised
W&LX3L;*L&LTB" form.
2. Unsecured Redeemable Issue Size: `115 crores Date Of
WÈG3L)LX3L>&LLTQVI¶LY4K GVY;&LELWLELKÈKLT.WL$LB7VEI
Non convertible Sub- Allotment: August 16, 2006, Date
*LGKP3L;VI¶LYL4LW*LKG7¶LK"" G3LG'LWY-3L>&LLTQVEIG3LG'L ordinated upper Tier II of Redemption: April 16, 2016,
$LL.M L*LXBUI WÈ4Z>>M&L&LX:¶LG&LGZ¶LV>*LR7 B. Bonds (Debts Capital Par Value: `1 million, Put and Call
GZ<L3L
+AB<LZLXIIPQV*LLEL8ZGPE:*LWL$LB7VEIMB)LLGP3LG3LG'LMT Instruments) Series XII in Option: At par at the end of 10th
EIÈ²G3L&LTB PL;EIM&LLG*3L*LKM&L&LX:¶L*LK )LLGK the nature of Promissory year from deemed date of allotment
WLC; VC; $L4BEEI*LXP;WVR&LG3LETML'L
>$¶LLUEIOK Note. (with the prior permission of RBI) Rate
INE160A09132 of Interest and Frequency: @9.15%
PB$LLK&$LLK3LL%ÈG3LPL;EIOKMT
p.a., Listing: On the National Stock
MXQIEKL)LLK3LI¶LKL7I¶L-7L8E %MQTBU Exchange of India Ltd (NSE) , All in
GZG&L7T. V MC;
*LK>M)LIW&LX3L;*L&LTB" Dematerialised form.
WÈG3L)LX3L>&LLTQVI¶LY4K GVY;&LELWLELKÈKLT.>WL$LB7VEI 3. Unsecured Redeemable Issue Size: `500 crores, Date Of
*LGKP3L;VI¶LYL4LW*LKG7¶LK"" G3LG'LGM3L&$LK>&LLTQVEIG3LG'L Non convertible Sub- Allotment: Sep. 16 2006, Date of
$LL.M L*LXBUIGZ<L3L
WÈ4Z>>M&L&LX:¶LG&LGZ¶LV>*LR7 ordinated upper Tier II Redemption: April 8 2016 Par Value: `1
Bonds (Debts Capital million, Put and Call Option: At par at
+AB<LZLXIIIPQV*LLEI B.EL8ZGPE:*LWL$LB7VEIMB)LLGP3LG3LG'L Instruments) Series XIII the end of 10th year from deemed date
È²G3L&LTB MTPL;EIM&LLG*3L*LKM&L&LX:¶L*LK )LL in the nature of Promis- of allotment (with the prior permission
WLC; VC; GK$L4BEEI*LXP;WVR&LG3LETML'L
>$¶LLUEI sory Note. of RBI), Rate of Interest and Frequency:
OK PB$LLK&$LLK3LL%ÈG3LPL;EIOK INE160A09140 @8.95% p.a., Listing: On the National
MTMXQIEKL)LLK3LI¶LKL7I¶L-7L8E %MQTBU Stock Exchange of India Ltd (NSE) , All
GZG&L7T. V MC;
*LK>M)LIW&LX3L;*L&LTB" in Dematerialised form.
4. Unsecured Redeemable Issue Size: `500 crores, Date Of
WÈG3L)LX3L>&LLTQVI¶LY4K GVY;&LELWLELKÈKLT.>WL$LB7VEI Non Convertible Bonds Allotment: Dec.8 2006, Date of
*LGKP3L;VI¶L$LL.M¶LX7I G3LG'LGOM&$LK>>&LLTQVEIG3LG'L UT Series I in the nature Redemption: Par Value: `1 million,
+AB<LZL"PQV*LLEIÈ²G3L M&L&LX:¶LG&LGZ¶LV>*LR7 B.EL8ZGPE:*L of Promissory Notes Put and Call Option: At par at the
&LTBWLC; VC; WL$LB7VEIMB)LLGP3LG3LG'LMTPL;EIM&LLG*3L INE160A09157 end of 10th year from deemed date of
*LKM&L&LX:¶L*LK )LLGK$L4BEEI*LXP;WVR&LG3LET allotment (with the prior permission of
ML'L
>$¶LLUEIOK PB$LLK&$LLK3LL% RBI) , Rate of Interest and Frequency:
@8.80% Annual for the first Ten years
ÈG3LPL;EIOKMT*LHZTOMPL;3LEWL4K and 9.30% annual for last 5 years if
%ÈG3LPL;EIOKMTWBG3L&LPLLTET call option not exercised. Listing:
GZ ¶LGOELZGPE:*LELÈ¶LLTYVHIBGE¶LLY¶LL On the National Stock exchange of
HLT"MXQIEKL)LLK3LI¶LKL7I¶L-7L8E %MQTBU India Ltd (NSE) , All in Dematerialised
GZG&L7T. V MC;
*LK>M)LIW&LX3L;*L&LTB" form.
WÈG3L)LX3L>&LLTQVI¶LY4K GVY;&LELWLELKÈKLT. WL$LB7VEI
Non convertible Sub- Allotment: Dec. 12, 2007, Date of
*LGKP3L;VI¶LYL4LW*LKG7¶LK"" G3LG'LGOM&$LK>>&LLTQVEIG3LG'L ordinated upper Tier II Redemption: Dec. 12, 2022 Par
$LL.M L*LXBUIGZ<L3L
GOM&$LK>>M&L&LX:¶LG&LGZ¶LV>*LR7 B. Bonds (Debts Capital Value: `1 million, Put and Call
+AB<LZL""PQV*LLEIÈ²G3L EL8ZGPE:*LWL$LB7VEIMB)LLGP3LG3LG'LMT Instruments) Series II in Option: At par at the end of 10th year
&LTB PL;EIM&LLG*3L*LKM&L&LX:¶L*LK )LLGK$L4E
B EI*LXP; the nature of Promissory from deemed date of allotment (with
WLC; VC; WVR&LG3LETML'L
>$¶LLUEIOK PB$LLK&$LLK3LL Note. the prior permission of RBI) Rate of
INE160A09173 Interest and Frequency: @ 9.35%
%ÈG3LPL;EIOKMT*LHZTOMPL;3LEWL4K
p.a. annual for the first ten years and
%ÈG3LPL;EIOKMTWBG3L&LPLLT ETGZ 9.85% p.a. annual for last 5 years if
¶LGOMXQIEKL)LLK3LI¶LKL7I¶L-7L8E %MQTU B call option not exercised. Listing:
GZG&L7T. V MC;
*LK>M)LIW&LX3L;*L&LT"B On the National Stock Exchange of
India Ltd (NSE) , All in Dematerialised
form.
200
okf"kZd fjiksVZ

WÈG3L)LX3L>&LLTQVI¶LY4K GVY;&LELWLELKÈKLT.> 6. Unsecured Redeemable Issue Size: `1000 crores (with option
*LGKP3L;VI¶LYL4LW*LKG7¶LK"" EKLT.ETÈG3LÉLLKLW3¶LG)LOLVHT3LRGPE:*L Non convertible Sub- to retain oversubscription of `500
ordinated upper Tier II cr), Date Of Allotment: Mar 05 2008,
$LL.M L*LXBUIGZ<L3L
ETML'L
WL$LB7VEIG3LG'L&LLQ;>>
Bonds (Debts Capital Date of Redemption: Mar 05 2023, Par
+AB<LZL"""PQV*LLEI &LLTQVEIG3LG'L&LLQ;>>M&L&LX:¶L Instruments) Series III in Value: `1 million, Put and Call Option:
È²G3L&LTB G&LGZ¶LV>*LR7 B.EL8ZGPE:*LWL$LB7V the nature of Promissory At par at the end of 10th year from
WLC; VC; EIMB)LLGP3LG3LG'LMTPL;EIM&LLG*3L*LK Note. deemed date of allotment (with the
M&L&LX:¶L*LK )LLGK$L4BEEI*LXP;WVR&LG3LET INE160A09207 prior permission of RBI), Rate of Interest
ML'L
>$¶LLUEIOK PB$LLK&$LLK3LL% and Frequency: @ 9.35% p.a. annual
ÈG3LPL;EIOKMT*LHZTPLLTETGZ WL4K for first ten years and @9.85% p.a.
%ÈG3LPL;EIOKMTWBG3L&LPLLTET annual for last 5 years if call option is
not exercised, Listing: On the National
GZ >¶LGOELZGPE:*LELÈ¶LLTYVGE¶LL Stock Exchange of India Ltd (NSE), All
Y¶LL"MXQIEKL)LLK3LI¶LKL7I¶L-7L8E %MQTBU in Dematerialised form.
GZG&L7T. V MC;
*LK>M)LIW&LX3L;*L&LTB" 7. Unsecured Redeemable Issue Size: `600 crores, Date Of
WÈG3L)LX3L>&LLTQVI¶LY4K GVY;&LELWLELKÈKLT. WL$LB7VEIG3LG'L Non convertible Sub- Allotment: Mar 27 2008, Date of
*LGKP3L;VI¶LYL4LW*LKG7¶LK"" >&LLTQVEIG3LG'L> ordinated upper Tier II Redemption: Mar 27 2023, Par Value:
$LL.M L*LXBUIGZ<L3L
M&L&LX:¶LG&LGZ¶LV>*LR7 B.EL8ZGPE:*L Bonds (Debts Capital `1 million, Put and Call Option: At par
+AB<LZLIVPQV*LLEI WL$LB7VEIMB)LLGP3LG3LG'LMTPL;EIM&LLG*3L Instruments) Series IV in at the end of 10th year from deemed
È²G3L&LTB *LKM&L&LX:¶L*LK )LLGK$L4EB EI*LXP; WVR&LG3LET the nature of Promissory date of allotment (with the prior
WLC; VC; ML'L
>$¶LLUEIOK PB$LLK&$LLK3LL% Note. permission of RBI) Rate of Interest and
INE160A09215 Frequency: @9.45% p.a. annual for
ÈG3LPL;EIOKMT*LHZTPLLT ETGZ WL4K
first 10 years and 9.95% p.a. annual
%ÈG3LPL;EIOKMTWBG3L&LPLLT ET for last 5 years if call option not
GZ ¶LGOEL8ZGPE:*LELÈ¶LLTYVGE¶LLY¶LL exercised. Listing: On the National
HLT"MXQIEKL)LLK3LI¶LKL7I¶L-7L8E %MQTU B Stock Exchange of India Ltd (NSE) , All
GZG&L7T. V MC;
*LK>M)LIW&LX3L;*L&LT"B in Dematerialised form.
WÈG3L)LX3L>&LLTQVI¶LY4K GVY;&LELWLELKÈKLT. WL$LB7VEIG3LG'L 8. Unsecured Redeemable Issue Size: `500 crores, Date Of
*LGKP3L;VI¶LYL4LW*LKG7¶LK"" &LLTQVEIG3LG'L> Non convertible Sub- Allotment: Sep. 29 2008 Date of
$LL.M L*LXBUIGZ<L3L
M&L&LX:¶LG&LGZ¶LV>*LR7 B.EL8ZGPE:*L ordinated upper Tier II Redemption: Sep. 29 2023, Par Value:
+AB<LZLVPQV*LLEI Bonds (Debts Capital `1 million, Put and Call Option: At par
WL$LB7VEIMB)LLGP3LG3LG'LMTPL;EIM&LLG*3L
Instruments) Series V in at the end of 10th year from deemed
È²G3L&LTB *LKM&L&LX:¶L*LK )LLGK$L4E
B EI*LXP; WVR&LG3LET the nature of Promissory date of allotment (with the prior
WLC; VC; ML'L
>$¶LLUEIOK PB$LLK&$LLK3LL% Note. permission of RBI), Rate of Interest
ÈG3LPL;EIOKMT*LHZTPLLT ETGZ WL4K INE160A09223 and Frequency: @ 10.85% p.a. annual
%ÈG3LPL;EIOKMTWBG3L&LPLLT ET for first 10 years and 11.35% p.a.
GZ ¶LGOELZGPE:*LELÈ¶LLTYVGE¶LLY¶LL annual for last 5 years if call option
not exercised. Listing: On the National
HLT"MXQIEKL)LLK3LI¶LKL7I¶L-7L8E %MQTU B
Stock Exchange of India Ltd (NSE) , All
GZG&L7T. V MC;
WÈG3L)LX3L>&LLTQVI¶LY4K GVY;&LELWLELKÈKLT. WL$LB7VEI 9. Unsecured Redeemable Issue Size: ` 500 crores, Date Of
*LGKP3L;VI¶LYL4LW*LKG7¶LK"" G3LG'L>&LLTQVEIG3LG'L Non convertible Sub- Allotment: Dec 18 2008, Date of
$LL.M L*LXBUIGZ<L3L
M&L&LX:¶LG&LGZ¶LV>*LR7 B.EL8Z ordinated upper Tier II Redemption: Dec. 18 2023 Par Value:
+AB<LZLVIPQV*LLEI GPE:*LWL$LB7VEIMB)LLGP3LG3LG'LMTPL; Bonds (Debts Capital `1 million, Put and Call Option: At par
È²G3L&LTB Instruments) Series VI in at the end of 10th year from deemed
EIM&LLG*3L*LKM&L&LX:¶L*LK )LLGK$L4E
B EI*LXP; the nature of Promissory date of allotment (with the prior
>$¶LLUEIOK PB$LLK&$LLK3LL Note. permission of RBI) Rate of Interest
%ÈG3LPL;EIOKMT*LHZTPLLT ET INE160A09231 and Frequency: @ 8.95% p.a. annual
GZ WL4K%ÈG3LPL;EIOKWBG3L&LPLLT for first ten years and 9.45% p.a.
ETGZ ¶LGOELZGPE:*LELÈ¶LLTYVGE¶LLY¶LL annual for last 5 years if call option
HLT"MXQIEKL)LLK3LI¶LKL7I¶L-7L8E %MQTUB not exercised. Listing: On the National
Stock Exchange of India Ltd (NSE) , All
GZG&L7T. V MC;
*LK>M)LIW&LX3L;*L&LT"B
in Dematerialised form.
WÈG3L)LX3L>&LLTQVI¶LY4K GVY;&LELWLELKÈG3LÉLLKLW3¶LG)LOLVHT3LR 10. Unsecured Redeemable Issue Size: `500 crores with an
*LGKP3L;VI¶LYL4LW*LKG7¶LK"" GPE:*LETML'LÈKLT.WL$LB7VEIG3LG'L Non convertible Sub- option to retain oversubscription.
$LL.M L*LXBUIGZ<L3L
>&LLTQVEIG3LG'L ordinated upper Tier II Date Of Allotment: Feb.18 2009,
+AB<LZLVIIPQV*LLEI Bonds (Debts Capital Date of Redemption: Feb. 18 2023,
M&L&LX:¶LG&LGZ¶LV>*LR7 B.EL8ZGPE:*L
Instruments) Series VII in Par Value: `1 million, Put and Call
È²G3L&LTB WL$LB7VEIMB)LLGP3LG3LG'LMTPL;EIM&LLG*3L the nature of Promissory Option : At par at the end of 10th year
WLC; VC; *LKM&L&LX:¶L*LK )LLGK$L4BEEI*LXP;WVR&LG3LET Note. from deemed date of allotment (with
ML'L
>$¶LLUEIOK PB$LLK&$LLK3LL% INE160A09256 the prior permission of RBI) Rate of
ÈG3LPL;EIOKMT*LHZTPLLTETGZ WL4K Interest and Frequency: @ 9.15% p.a.
%ÈG3LPL;EIOKMTWBG3L&LPLLTET annual for first ten years and 9.65%
GZ ¶LGOELZGPE:*LELÈ¶LLTYVGE¶LLY¶LL p.a. for last 5 years if call option not
exercised, Listing: On the National
HLT"MXQIEKL)LLK3LI¶LKL7I¶L-7L8E %MQTBU Stock Exchange of India Ltd (NSE), All
GZG&L7T. V MC;
201
WÈG3L)LX3L>&LLTQVI¶LY4K GVY;&LELWLELKÈKLT.WL$LB7VEI 11. Unsecured Redeemable Issue Size: `500 crores, Date Of
*LGKP3L;VI¶LYL4LW*LKG7¶LK"" G3LG'L>&LLTQVEIG3LG'L Non convertible Sub- Allotment: April 21, 2009, Date of
ordinated upper Tier II Redemption: April 21 2024, Par
$LL.M L*LXBUIGZ<L3L

Bonds (Debts Capital In- Value: `1 million, Put and Call
+AB<LZLVIIIPQV*LLEI M&L&LX:¶LG&LGZ¶LV>*LR7 B.EL8ZGPE:*L struments) Series VIII in Option: At par at the end of 10th year
È²G3L&LTB WL$LB7VEIMB)LLGP3LG3LG'LMTPL;EIM&LLG*3L the nature of Promissory from deemed date of allotment (with
WLC; VC; *LKM&L&LX:¶L*LK )LLGK$L4BEEI*LXP;WVR&LG3LET Note. the prior permission of RBI), Rate of
ML'L
>$¶LLUEIOK PB$LLK&$LLK3LL% INE160A09264 Interest and Frequency: @8.80% p.a.
ÈG3LPL;EIOKMT*LHZTPLLTETGZ WL4K annual for first ten years and 9.30%
%ÈG3LPL;EIOKMTWBG3L&LPLLTET p.a. for last 5 years if call option not
GZ ¶LGOELZGPE:*LELÈ¶LLTYVGE¶LLY¶LL exercised, Listing: On the National
Stock Exchange of India Ltd (NSE), All
HLT"MXQIEKL)LLK3LI¶LKL7I¶L-7L8E %MQTBU in Dematerialised form.
GZG&L7T. V MC;
*LK>M)LIW&LX3L;*L&LTB"
WÈG3L)LX3L>&LLTQVI¶LY4K GVY;&LELWLELKÈKLT.WL$LB7VEI Non convertible Sub- Allotment: June 04 2009, Date of
*LGKP3L;VI¶LYL4LW*LKG7¶LK"" G3LG'L&LLTQVEIG3LG'L ordinated upper Tier II Redemption: June 04 2024 Par Value:
$LL.M L*LXBUIGZ<L3L
M&L&LX:¶LG&LGZ¶LV>*LR7 B.EL8Z Bonds (Debts Capital `1 million, Put and Call Option:
+AB<LZLIX PQV*LLEI GPE:*LWL$LB7VEIMB)LLGP3LG3LG'LMTPL; Instruments) Series IX in At par at the end of 10th year from
È²G3L&LTB EIM&LLG*3L*LKM&L&LX:¶L*LK )LLGK$L4BEEI*LXP; the nature of Promissory deemed date of allotment (with the
>$¶LLUEIOK PB$LLK&$LLK3LL Note. prior permission of RBI), Rate of
% EIPLLEOKMT*LHZTPLLTETGZ INE160A09272 Interest and Frequency: @8.37% p.a.
annual for first ten years and 8.87%
WL4K%ÈG3LPL;EIOKWBG3L&LPLLTET
p.a. for last 5 years if call option not
GZ ¶LGOELZGPE:*LELÈ¶LLTYVGE¶LLY¶LL exercised, Listing: On the National
HLT"MXQIEKL)LLK3LI¶LKL7I¶L-7L8E %MQTBU Stock Exchange of India Ltd (NSE) , All
GZG&L7T. V MC;
WÈG3L)LX3L>&LLTQVI¶LY4K GVY;&LELWLELKÈKLT.WL$LB7VEIG3LG'L 13. Unsecured Redeemable Issue Size: ` 500 crores, Date Of
*LGKP3L;VI¶LYL4LW*LKG7¶LK"" >&LLTQVEIG3LG'L Non convertible Sub- Allotment: Sep. 09 2009, Date of
$LL.M L*LXBUIGZ<L3L
M&L&LX:¶LG&LGZ¶LV>*LR7 B.EL8ZGPE:*L ordinated upper Tier II Redemption: Sep. 09 2024, Par Value:
+AB<LZLXPQV*LLEI WL$LB7VEIMB)LLGP3LG3LG'LMTPL;EIM&LLG*3L Bonds (Debts Capital `1 million, Put and Call Option:
È²G3L&LTB *LKM&L&LX:¶L*LK )LLGK$L4BEEI*LXP;WVR&LG3LET Instruments) Series X in At par at the end of 10th year from
the nature of Promissory deemed date of allotment (with the
WLC; VC; ML'L
>$¶LLUEIOK PB$LLK&$LLK3LL%
Note. prior permission of RBI) Rate of
ÈG3LPL;EIOKMT*LHZTPLLTETGZ WL4K INE160A09298 Interest and Frequency: @ 8.60% p.a.
%ÈG3LPL;EIOKWBG3L&LPLLTETGZ annual for first ten years and 9.10%
¶LGOELZGPE:*LELÈ¶LLTYVGE¶LLY¶LLHLT" p.a. for last 5 years if call option not
MXQIEKL)LLK3LI¶LKL7I¶L-7L8E %MQTBU exercised, Listing: On the National
GZG&L7T. V MC;
*LK>M)LIW&LX3L;*L&LTB" Stock Exchange of India Ltd (NSE), All
WÈG3L)LX3L>&LLTQVI¶LY4K GVY;&LELWLELKÈKLT.WL$LB7VEIG3LG'L 14 Unsecured Redeemable Issue Size: `500 crores, Date Of
*LGKP3L;VI¶LYL4LW*LKG7¶LK"" >&LLTQVEIG3LG'L Non convertible Sub- Allotment: Nov. 27 2009, Date of
$LL.M L*LXBUIGZ<L3L
M&L&LX:¶LG&LGZ¶LV>*LR7 B.EL8ZGPE:*L ordinated upper Tier II Redemption: Nov. 27 2024, Par
+AB<LZLXIPQV*LLEI WL$LB7VEIMB)LLGP3LG3LG'LMTPL;EIM&LLG*3L Bonds (Debts Capital Value: `1 million, Put and Call
Instruments) Series XI in Option: At par at the end of 10th year
È²G3L&LTB *LKM&L&LX:¶L*LK )LLGK$L4BEEI*LXP;WVR&LG3LET
the nature of Promissory from deemed date of allotment (with
WLC; VC; ML'L
>$¶LLUEIOK PB$LLK&$LLK3LL% Note. the prior permission of RBI), Rate
ÈG3LPL;EIOKMT*LHZTPLLTETGZ WL4K INE160A09306 of Interest and Frequency: @8.50%
%EIÈG3LPL;OKMTWBG3L&LPLLTETGZ p.a. annual for first ten years and 9%
¶LGOELZGPE:*LELÈ¶LLTYVGE¶LLY¶LLHLT" p.a. for last 5 years if call option not
MXQIEKL)LLK3LI¶LKL7I¶L-7L8E %MQTBU exercised, Listing: On the National
GZG&L7T. V MC;
*LK>M)LIW&LX3L;*L&LTB" Stock Exchange of India Ltd (NSE) , All
WÈG3L)LX3L>&LLTQVI¶LY4K GVY;&LELWLELKÈKLT.WL$LB7VEIG3LG'L 15. Unsecured Redeemable Issue Size: `500 crores, Date Of
*LGKP3L;VI¶LYL4LW*LKG7¶LK"" &LLTQVEIG3LG'L Non convertible Sub- Allotment: May 24 2010, Date of
$LL.M L*LXBUIGZ<L3L
M&L&LX:¶LG&LGZ¶LV>*LR7 B.EL8ZGPE:*L ordinated upper Tier II Redemption: May 24 2025, Par Value:
+AB<LZLXIIPQV*LLEI WL$LB7VEIMB)LLGP3LG3LG'LMTPL;EIM&LLG*3L Bonds (Debts Capital `1 million, Put and Call Option:
Instruments) Series XII in At par at the end of 10th year from
È²G3L&LTB *LKM&L&LX:¶L*LK )LLGK$L4BEEI*LXP;WVR&LG3LET
the nature of Promissory deemed date of allotment (with the
WLC; VC; ML'L
>$¶LLUEIOK PB$LLK&$LLK3LL% Note. prior permission of RBI), Rate of
ÈG3LPL;EIOKMT*LHZTPLLTETGZ WL4K INE160A09322 Interest and Frequency: @8.50% p.a.
%ÈG3LPL;EIPLLEOKWBG3L&LPLLTET annual for first ten years and 9%
GZ ¶LGOELZGPE:*LELÈ¶LLTYVGE¶LLY¶LL p.a. for last 5 years if call option not
HLT"MXQIEKL)LLK3LI¶LKL7I¶L-7L8E %MQTBU exercised, Listing: On the National
GZG&L7T. V MC;
*LK>M)LIW&LX3L;*L&LTB" Stock Exchange of India Ltd (NSE) , All
202
okf"kZd fjiksVZ

WÈG3L)LX3L>&LLTQVI¶LY4K GVY;&LELWLELKGVOVGE Y Y[IVLX 16. Unsecured Redeemable Issue Size: `250 crore with unspecified
*LGKP3L;VI¶LYL4LG7¶LK" GPE:*LETML'LÈKLT.>WL$LB7VEIG3LG'L Non convertible Subor- green shoe, Date Of Allotment: July 20
dinated Tier I Perpetual 2007, Date of Redemption: Perpetual,
$LT&LI¶LLOI$LL.M+AB<LZL"PQV >&LLTQVEIG3LG'L$LT&LI¶LLOI
Bonds Series I in the na- Par Value: `1 million, Put and Call
*LLEIÈ²G3L&LTB M&L&LX:¶LG&LGZ¶LV>*LR7 B.EL8ZGPE:*L ture of Promissory Note. Option: At par at the end of 10th year
WLC; VC; WL$LB7VEIMB)LLGP3LG3LG'LMTPL;EIM&LLG*3L INE160A09165 from deemed date of allotment (with
*LKM&L&LX:¶L*LK )LLGK$L4E
B EI*LXP; WVR&LG3LET the prior permission of RBI), Rate of
ML'L
>$¶LLUEIOK PB$LLK&$LLK3LL% Interest and Frequency: @ 10.40% p.a.
ÈG3LPL;EIOKMT*LHZTPLLT ETGZ WL4K annual for first ten years and 10.90%
%ÈG3LPL;EIOKMT$LLOETM)LIPLLT p.a. annual for all subsequent years if
ETGZ ¶LGOELZGPE:*LELÈ¶LLTYWL$LB7VEI call option is not exercised at the end
of 10th year from the deemed date of
MB)LLGP3LG3LG'LMTPL;EIM&LLG*3L*LKVGE¶LL
allotment, Listing: On the National
Y¶LLHLT"MXQIEKL)LLK3LI¶LKL7I¶L-7L8E %MQTU B Stock Exchange of India Ltd (NSE) , All
GZG&L7T. V MC;
WÈG3L)LX3L>&LLTQVI¶LY4K GVY;&LELWLELKÈKLT.WL$LB7VEI 17. Unsecured Redeemable Issue Size: `300 crores, Date Of
*LGKP3L;VI¶LYL4LG7¶LK" G3LG'L>&LLTQVEIG3LG'L$LT&LI¶LLOI Non convertible Subor- Allotment: Dec. 11 2007, Date of
$LT&LI¶LLOI$LL.M L*LXBUI M&L&LX:¶LG&LGZ¶LV>*LR7 B.EL8ZGPE:*L dinated Tier I Perpetual Redemption: Perpetual, Par Value: `1
GZ<L3L
+AB<LZL""PQV*LLEIWL$LB7VEIMB)LLGP3LG3LG'LMTPL;EIM&LLG*3L Bonds Series II in the na- million, Put and Call Option: At par at
ture of Promissory Note. the end of 10th year from deemed date
È²G3L&LTB *LKM&L&LX:¶L*LK )LLGK$L4BEEI*LXP;WVR&LG3LET INE160A09181 of allotment (with the prior permission
WLC; VC; ML'L
>$¶LLUEIOK PB$LLK&$LLK3LL% of RBI) Rate of Interest and Frequency:
ÈG3LPL;EIOKMT*LHZTPLLTETGZ WL4K @9.75% p.a. annual for first ten years
%ÈG3LPL;EIOKMT¶LGOELZGPE:*L and 10.25% p.a. if call option not
ELÈ¶LLTYVGE¶LLY¶LLHLT"MXQIEKL)LLK3LI¶L exercised. Listing: On the National
KL7I¶L-7L8E %MQTBUGZG&L7T. V MC;
*LK> Stock Exchange of India Ltd (NSE) , All
M)LIW&LX3L;*L&LTB" in Dematerialised form.
WÈG3L)LX3L>&LLTQVI¶LY4K GVY;&LELWLELKÈKLT.Y[IVLXGPE:*L 18. Unsecured Redeemable Issue Size: `250 crores with green
*LGKP3L;VI¶LYL4LG7¶LK" ETML'LÈKLT.>WL$LB7VEIG3LG'L Non convertible Subor- shoe option of `50 crores, Date Of
$LT&LI¶LLOI$LL.M+AB<LZL""" >&LLTQVEIG3LG'L$LT&LI¶LLOI dinated Tier I Perpetual Allotment: Jan 18 2008, Date of
Bonds Series III in the Redemption: Perpetual, Par Value: `1
PQV*LLEIÈ²G3L&LTB M&L&LX:¶LG&LGZ¶LV>*LR7 B.EL8ZGPE:*L nature of Promissory million, Put and Call Option: At par at
WLC; VC; WL$LB7VEIMB)LLGP3LG3LG'LMTPL;EIM&LLG*3L Note. the end of 10th year from deemed date
*LKM&L&LX:¶L*LK )LLGK$L4BEEI*LXP;WVR&LG3LET INE160A09199 of allotment (with the prior permission
ML'L
>$¶LLUEIOK PB$LLK&$LLK3LL% of RBI), Rate of Interest and Frequency:
ÈG3LPL;EIOKMT*LHZTPLLTETGZ WL4K @9.45% p.a. annual for first ten years
ELÈ¶LLTYVGE¶LLY¶LLHLT"MXQIEKL)LLK3LI¶L exercised, Listing: On the National
Stock Exchange of India Ltd (NSE), All
*LK>
M)LIW&LX3L;*L&LTB"
WÈG3L)LX3L>&LLTQVI¶LY4K GVY;&LELWLELKÈKLT.Y[IVLXGPE:*L 19. Unsecured Redeemable Issue Size: `150 crores plus green

Non convertible Subor- shoe option of `150 crores, Date
*LGKP3L;VI¶LYL4LG7¶LKI ETML'LÈKLT.>WL$LB7VEIG3LG'L dinated Tier I Perpetual Of Allotment: Jan 19 2009, Date of
$LL.M+AB<LZLIVPQV*LL >&LLTQVEIG3LG'L$LT&LI¶LLOI Bonds Series IV in the Redemption: Perpetual, Par Value: `1
EIÈ²G3L&LTB M&L&LX:¶LG&LGZ¶LV>*LR7 B.EL8ZGPE:*L nature of Promissory million, Put and Call Option: At par at
WLC; VC; WL$LB7VEIMB)LLGP3LG3LG'LMTPL;EIM&LLG*3L Note. the end of 10th year from deemed date
*LKM&L&LX:¶L*LK )LLGK$L4E
B EI*LXP; WVR&LG3LET INE160A09249 of allotment (with the prior permission
ML'L
>$¶LLUEIOK PB$LLK&$LLK3LL%ÈG3L of RBI), Rate of Interest and Frequency:
PL;EIOKMT*LHZTPLLT ETGZ WL4K% @ 8.90% p.a. annual for first ten years
and 9.40% p.a. if call option not
ÈG3LPL;EIOKMT¶LGOELZGPE:*LELÈ¶LLTYV
exercised, Listing: On the National
GE¶LLY¶LLHLT"MXQIEKL)LLK3LI¶LKL7I¶L-7L8E Stock Exchange of India Ltd (NSE), All
%MQTU B GZG&L7T. V MC;
WÈG3L)LX3L>&LLTQVI¶LY4K GVY;&LELWLELKÈKLT.WL$LB7VEI 20 Unsecured Redeemable Issue Size: `500 crores, Date Of
*LGKP3L;VI¶LYL4LG7¶LKI G3LG'L>&LLTQVEIG3LG'L$LT&LI¶LLOI Non convertible Subor- Allotment: Aug 28 2009, Date of
$LL.M+AB<LZLVPQV*LL M&L&LX:¶LG&LGZ¶LV>*LR7 B.EL8ZGPE:*L dinated Tier I Perpetual Redemption: Perpetual, Par Value: `1
EIÈ²G3L&LTB WL$LB7VEIMB)LLGP3LG3LG'LMTPL;EIM&LLG*3L Bonds Series V in the na- million, Put and Call Option: At par at
WLC; VC; *LKM&L&LX:¶L*LK )LLGK$L4BEEI*LXP;WVR&LG3LET ture of Promissory Note. the end of 10th year from deemed date
INE160A09280 of allotment (with the prior permission
ML'L
>$¶LLUEIOK PB$LLK&$LLK3LL% of RBI), Rate of Interest and Frequency:
ÈG3LPL;EIOKMT*LHZTPLLTETGZ WL4K @ 9.15% p.a. annual for first ten years
ELÈ¶LLTYVGE¶LLY¶LLHLT"MXQIEKL)LLK3LI¶L exercised. Listing: On the National
*LK> Stock Exchange of India Ltd (NSE), All
M)LIW&LX3L;*L&LTB" in Dematerialised form.
203
21 Unsecured Redeemable Issue Size: `200 crore, Date Of
WÈG3L)LX3L>&LLTQVI¶LY4K GVY;&LELWLELKÈKLT.WL$LB7VEI
Non convertible Subor- Allotment: Nov.27 2009, Date of
*LGKP3L;VI¶LYL4LG7¶LKI G3LG'L>&LLTQVEIG3LG'L$LT&LI¶LLOI dinated Tier I Perpetual Redemption: Perpetual, Par Value: `1
$LL.M+AB<LZLVIPQV*LL M&L&LX:¶LG&LGZ¶LV>*LR7 B.EL8ZGPE:*L Bonds Series VI in the million, Put and Call Option: At par at
EIÈ²G3L&LTB WL$LB7VEIMB)LLGP3LG3LG'LMTPL;EIM&LLG*3L nature of Promissory the end of 10th year from deemed date
WLC; VC; *LKM&L&LX:¶L*LK )LLGK$L4E
B EI*LXP; WVR&LG3LET Note. of allotment (with the prior permission
ML'L
>$¶LLUEIOK PB$LLK&$LLK3LL%ÈG3LPL; INE160A09314 of RBI), Rate of Interest and Frequency:
EIOKMT*LHZTPLLT ETGZ WL4K%ÈG3L @9% p.a. annual for first ten years and
PL;EIOKMT¶LGOELZGPE:*LELÈ¶LLTYVGE¶LL 9.50% p.a. if call option not exercised.
Listing: On the National Stock Exchange
Y¶LLHLT"MXQIEKL)LLK3LI¶LKL7I¶L-7L8E %MQTU B
of India Ltd (NSE), All in Dematerialised
GZG&L7T. V MC;
*LK>M)LIW&LX3L;*L&LTB " form.
%WÈG3L)LX3L>&LLTQVI¶LY4K GVY;&LELWLELKÈKLT.WL$LB7VEI 22 9.65% Unsecured Re- Issue size: `1000 crore, Date of
*LGKP3L;VI¶L$LTMZ"""WVR*LLGZ3L G3LG'L>*LGK*L%P3LLEIG3LG'L deemable Non Convert- Allotment: February 24, 2014, Date of
G7¶LK""$LL.M+AB<LZLXIV WBGE3L&LX:¶LG&LGZ¶LV$¶LLU ible Basel-III compliant Maturity 24/02/2024, Face Value: `1
G.$LTBQKEIÈ²G3L&LTB EIOK PB$LLK&$LLK3LL%ÈG3LPL; Tier 2 Bonds Series XIV million, Rate of Interest and Frequency:
in the nature of Deben- @9.65% p.a. Annual, Listing: On the
WLC; VC; EIOKMTMXQIEKL$L&$LC;-7L8E %MQTBU
ture. Bombay Stock Exchange Ltd (BSE). All
GZG&L7T. $LI MC;
*LK>M)LIW&LX3L;*L&LTB" INE160A08019 in Dematerialised form.
*LGKP3L;VI¶L$LTMZ"""WVR*LLGZ3L G3LG'L> deemable Non Convert- Allotment: March 28, 2014, Date of
G7¶LK$LL.M+AB<LZLXV *LGK*L%P3LLEIG3LG'L ible Basel-III compliant Maturity 28/03/2024, Face Value: `1
G.$LTBQKEIÈ²G3L&LTB WBGE3L&LX:¶LG&LGZ¶LV$¶LLUEIOK Tier 2 Bonds Series XV million, Rate of Interest and Frequency:
PB$LLK&$LLK3LL%ÈG3LPL;EI
ture. Bombay Stock Exchange Ltd (BSE), All
WLC; VC; OKMTMXQIEKL$L&$LC;-7L8E %MQTBU INE160A08027 in Dematerialised form.
GZG&L7T. $LI MC;
*LK>M)LIW&LX3L;*L&LTB"
*LGKP3L;VI¶L$LTMZ"""WVR*LLGZ3L G3LG'LWÈ4Z>*LGK*L%P3LLEIG3LG'L deemable Non Convert- Allotment: April 03, 2014, Date of
G7¶LK$LL.M+AB<LZLXVI WBGE3L&LX:¶LG&LGZ¶LV> ible Basel-III compliant Maturity 03/04/2024, Face Value: `1
G.$LTBQKEIÈ²G3L&LTB $¶LLUEIOK PB$LLK&$LLK3LL%ÈG3LPL; Tier 2 Bonds Series XVI million, Rate of Interest and Frequency:
EIOKMTMXQIEKL$L&$LC;-7L8E %MQTBU ture. Bombay Stock Exchange Ltd (BSE). All
WLC; VC; GZG&L7T. $LI MC;
*LGKP3L;VI¶L$LTMZ"""WVR*LLGZ3L G3LG'LGM3L&$LK>>*LGK*L%P3LLEIG3LG'L deemable Non Convert- Allotment: Sep. 09, 2014, Date of
G7¶LK$LL.M+AB<LZLXVII WBGE3L&LX:¶LG&LGZ¶LV> ible Basel-III compliant Maturity 09/09/2024, Face Value: `1
G.$LTBQKEIÈ²G3L&LTB $¶LLUEIOK PB$LLK&$LLK3LL%ÈG3LPL; Tier 2 Bonds Series XVII million, Rate of Interest and Frequency:
EIOKMTMXQIEKL$L&$LC;-7L8E %MQTBU
%WÈG3L)LX3L>&LLTQVI¶LY4K GVY;&LELWLELKÈKLT.WL$LB7V 26 9.25% Unsecured Re- Issue size: `1000 crore, Date of
*LGKP3L;VI¶L$LTMZ"""WVR*LLGZ3L EIG3LG'LGM3L&$LK>>*LGK*L%P3LLEI deemable Non Convert- Allotment: Sep. 30, 2014, Date of
G7¶LK$LL.M+AB<LZLXVIII G3LG'LWBGE3L&LX:¶LG&LGZ¶LV> ible Basel-III compliant Maturity 30/09/2024, Face Value: `1
G.$LTBQKEIÈ²G3L&LTB $¶LLUEIOK PB$LLK&$LLK3LL%ÈG3LPL; Tier 2 Bonds Series XVIII million, Rate of Interest and Frequency:
EIOKMTMXQIEKL$L&$LC;-7L8E %MQTBU
%WÈG3L)LX3L>&LLTQVI¶LY4K GVY;&LELWLELKÈKLT.WL$LB7VEI 27 9.15% Unsecured Per- Issue size: `1500 Crore, Date of
*LGKP3L;VI¶L$LTMZ"""WVR*LLGZ3L G3LG'L*L2KPKI>>*LK*LTQRWZ>WBGE3L petual Non Convertible Allotment: Feb 13, 2015, Perpetual,
G7¶LK$LL.M+AB<LZLVII &LX:¶LG&LGZ¶LV>$¶LLUEIOK PB$LLK&$LLK3LL subordinate Basel-III Face Value: `1 million, Rate of Interest
G.$LTBQKEIÈ²G3L&LTB WL$LB7VEIG3LG'LMTPLLTEIM&LLG*3L*LK compliant additional and Frequency: @ 9.15% annual with
Tier 1 Bonds Series VII the call option at the end of 10 year
EL8ZWL8*LVETML'LPLLE>MXQIEKL
in the nature of Deben- from the date of allotment, Listing: On
WLC; VC; $L&$LC;-7L8E %MQTBUGZG&L7T. $LI MC;
*LK>M)LI ture. the Bombay Stock Exchange Ltd (BSE).
W&LX3L;*L&LTB" INE160A08076 All in Dematerialised form
204
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GZ<L3L *LI V$LI Sr.No INSTRUMENT (PNB FULL TERMS AND CONDITIONS
¹MB *LXL;L3LT PBGV$LBÉLV Housing Finance)
HLNGMBYJ2LCVTBM
PB ` EKLT. ` EKLT. ` EKLT. 1& 2 ` 200 Crore `100 Crore ` 200
Crore
ULKIEKVTEIPL-3L Original date of 21.12.2012 22.07.2006 24.11.2014
GPEG3LG'L issuance
*LK*LTQW
R ZW'LPLGOVLBGE3L *LGK*L%P3LLG3LG'L *LGK*L%P3LLG3LG'L *LGK*L%P3LLG3LG'L Perpetual or dated Maturity Maturity Maturity
Dated Dated Dated
21.12.2022 22.03.2016 24.11.2024
PL-3LGPE*LGK*L%P3LLG3LG'L Original maturity date 21.12.2022 22.03.2016 24.11.2024
EX*LVOK Coupon Rate 9.1 9.25 8.7
OK G-'LK G-'LK G-'LK Rate Fixed Fixed Fixed
MRK\LL WÈG3L)LX3L WÈG3L)LX3L WÈG3L)LX3L Security Unsecured Unsecured Unsecured
GZ<L3L *LI V$LI Sr.No INSTRUMENT (PNB FULL TERMS AND CONDITIONS
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non-preferential
W*LK7I¶LK"" $LTG&L¶LLOI>PLLTET$LLOELZGPE:*L> 2 Upper Tier II Perpetual, call option after ten years,
GPPTELÉLIVWLKWLTWLC; &LGZ$LLTK+$LI*LI M discretionary ROI : 6M Libor + 400 bps
ZLTWK7I¶LK"" *LI V$LI
PLI;¶LGOVLBGE3L>PLLTET$LLOELZGPE:*L> 3 Lower Tier II (PNB) 10 years dated, call option after five years ,
WLKWLTWLC; &LGZ$LLTK+$LI*LI M ROI 6M LIBOR + 400 bps
ZLTWK7I¶LK"" $LIWLT$LI
PLI;¶LGOVLBGE3L>PLLTET$LLOELZGPE:*L> 4 Lower Tier II (BOB) 10 years dated, call option after five years ,
WLKWLTWLC; &LGZ$LLTK+$LI*LI M ROI 6M LIBOR + 450 bps
ZLTWK7I¶LK"" ETVKL PLI;¶LGOVLBGE3L>PLLTET$LLOELZ 5 Lower Tier II 15 years dated, call option after ten years ,
(Canara Bank) ROI 6M LIBOR + 450 bps
$L4BE
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205
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Report on Corporate
Governance
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208
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Report on Corporate Governance

1. Corporate Governance Philosophy
Corporate Governance is practiced in the Bank in all its functional areas through high standards of accountability, transparency,
social responsiveness, operational efficiencies and best ethical business practices. The Bank is committed to all the stakeholders of
the Bank to protect their interests and for maximizing the shareholders’ value with Corporate Responsibility in view. The Bank has
well defined policies and guidelines for ensuring compliance of the Regulatory requirements in letter and spirit.
The functions of the Board and the executive management are well defined and are distinct from one another. The Board and its
various sub-committees meet at regular intervals to evaluate, monitor and ensure that the decisions taken by executives of the Bank
are as per laid down norms and policies and in the best interest of all the stakeholders including public at large.
2.1 Board of Directors

The Board is constituted in accordance with the relevant provisions of the Banking Regulation Act, 1949, the Banking Companies
(Acquisition and Transfer of Undertakings) Act, 1970, as amended and the Nationalized Banks (Management & Miscellaneous
Provisions) Scheme, 1970, as amended.
2.2. Composition of the Board of Directors as on 31.3.2015

S. Name of Director Date of Category Membership Chairmanship Chairmanship / No. of
No. Appointment of Sub- of Sub- Membership of Audit Shares
Committees of Committees of Committee and Stake- held by
Board of the Board of the holders’ Relationship Director
Bank Bank Committee in other
Companies
1. Sh. Gauri Shankar 07.10.2013 Executive 14 13 Nil Nil
Executive Director (additional
charge of MD & CEO till
09.05.2015)
2. Sh. K. V. Brahmaji Rao 22.01.2014 Executive 15 Nil Nil Nil
Executive Director
3. Dr. Ram S. Sangapure 13.03.2014 Executive 14 Nil Nil Nil
Executive Director
4. Sh. Rajesh Aggarwal 29.01.2015 Non- 9 2 1) National Nil
Executive Insurance Co. Ltd
(GoI 2) IFCI
Nominee)
5. Sh. B. P. Kanungo 31.05.2013 Non-Executive 5 Nil Nil 24
(RBI Nominee)
6. Sh. G. P. Khandelwal 24.01.2014 Part time 6 3 1) Nagpur Power & Nil
Non-Executive Industries Ltd.
2) Informed
Technologies India Ltd
3) Khandelwal
Remedies P Ltd
4) Zeppelin
Investments Pvt Ltd
5) The Motwane Mfg. Co
(P)Ltd
6) Globus Spirits Ltd
7) Varrol Polymers (P) Ltd
8) Varrol Engg. (P) Ltd
9) Gras Education &
Training Service Pvt
Ltd
7 Sh. T. C. Jhalani 08.03.2013 Non–Executive 4 Nil Nil Nil
(Workmen
Nominee
Director)
8 Sh. Dilip Kumar Saha 26.06.2013 Non– 5 Nil Nil Nil
Executive
(Officers
Nominee
Director)
Note: None of the Directors is related inter-se.
209
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/

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210
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2.3 The following members ceased to be the Directors during the year:
S. No. Name of Director Category Date of cessation Reason
1 Sh. K. R. Kamath Chairman & Managing Director 27.10.2014 Term expired
2 Sh. Anurag Jain Non-Executive (GoI Nominee) 29.01.2015 Substituted by Sh. Rajesh Aggarwal
3 Sh. B. B. Chaudhry Part time Non-Executive 22.09.2014 Term expired
4 Sh. M. A. Antulay Part time Non-Executive 19.05.2014 Term expired
5 Sh. M. N. Gopinath Shareholder Director 20.03.2015 Term expired
6 Sh. D. K. Singla Shareholder Director 20.03.2015 Term expired
7 Dr. Sunil Gupta Shareholder Director 28.02.2015 Resignation
8 Ms. Aradhana Misra Part time Non-Executive 17.05.2014 Resignation
2.4 Details of Board meetings held during the Financial Year:

S. No. Date of the Meeting Total No. of Directors on the Board No. of Directors present in the meeting
1. 12.05.2014 15 13
2. 09.06.2014 13 10
3. 30.06.2014 13 11
4. 24.07.2014 13 11
5. 19.09.2014 13 12
6. 20.10.2014 12 11
7. 22.11.2014 11 09
8. 23.12.2014 11 10
9. 02/03.02.2015 11 10
10. 04.03.2015 10 09
11. 30.03.2015 08 06
2.5 No. of Board meetings & last Annual General Meeting (AGM) attended by Member-Directors during the Financial Year:
S.No. Name of Director Board Meetings held during their tenure Board Meetings attended Attendance in last AGM
1 Sh. K. R. Kamath 06 06 Yes

2 Sh. Gauri Shankar 11 09 Yes
3 Sh. K. V. Brahmaji Rao 11 11 Yes
4 Dr. Ram S. Sangapure 11 11 Yes
5 Sh. Anurag Jain 08 05 No
6 Sh. Rajesh Aggarwal 03 02 N.A.
7 Sh. B. P. Kanungo 11 10 No
8 Sh. B. B. Chaudhry 05 05 Yes
9 Sh. G. P. Khandelwal 11 10 No
10 Sh. M. N. Gopinath 10 06 No
11 Sh. D. K. Singla 10 09 Yes
12 Dr. Sunil Gupta 10 07 Yes
13 Sh. T. C. Jhalani 11 09 No
14 Sh. Dilip Kumar Saha 11 11 Yes
15 Sh. M. A. Antulay 01 01 N.A.
16 Ms. Aradhna Misra 01 01 N.A.
211
GPºLI¶LPL;ETOL4KLVGV¶LR%SGVOTLELTBELÈLT¾2LCZ 2.6 Profile of Directors appointed during the Financial Year.
+IKLUTLWY[PLZ Sh. Rajesh Aggarwal
)LLK3LMKELKVT+IKLUTLWY[PLZ>WLC; M>$LI7TE E&*¶LX7KMLCBM
Government of India appointed Sh. Rajesh Aggarwal, I.A.S., B.Tech.
ELTMTWLYL&LIWLOTLLTB3LE>ULT)LI*LHZTHLTB>$L4BEET)LLK3L (Computer Science), as GoI nominee of the Bank, with effect from
29.01.2015 until further orders. He has 25 years of Administrative
MKELKET VLG&L3LIET *L&LTB GV¶LR%SGE¶LLH4"NVET *LLMPLLT EL Service experience. Presently he is handling Financial Inclusion
ÈLLMGVEWVR)LPH4"P3L;&LLV&LTBPTÈÉLLV&LBLIUVÉLV¶LLTUVLMGH3L)LLK3L Progress of GoI including Prime Minister Jan Dhan Yojana.
MKELKETGPºLI¶LM&LLPTLVÈYG3LELTH4B.ZEKKHTH4B"
3. Sub-Committees of the Board
$LLT.;EIN*LMG&LG3L¶LL
The main sub-Committees of the Board are as under:-
$LLT.;EI&LR<¶LN*LMG&LG3L¶LLGV&VGZGv3LH4B
3.1 Audit Committee of the Board (ACB)
$LLT.;EIZTvL*LKI\LLMG&LG3L MI$LI
The Audit Committee of the Board (ACB) has been constituted

)LLK3LI¶LGKUP; $L4E
B !)LLK3LMKELKET GOLLGVOT; LLTB WL4K-7L8E %MQTU
B by the Bank as per the guidelines of Reserve Bank of India
ETML'LMXQI$LEKLKETWVRMLK$L4E B ^LKL$LLT.; EIZTvL*LKI\LLMG&LG3L / Government of India and Listing Agreement with Stock
MI$LI
ELY#VGE¶LLY¶LLH4"MG&LG3LET&LR<¶LEL¶L;GV&VP3L_H4B Exchanges. The main functions of the Committee are as under:-
q GVOT;LOTVL PBMBY#V>MBQLZV>WLB3LGKEZTvL*LKI\LLEIYRLPºLL q Providing direction and overseeing the total audit function
of the Bank including the organization, operationalisation,
GV¶LBLLMGH3L$L4BEET M&LY[ ZTvL*LKI\LLEL¶LLT EIGVYKLVIP quality control of internal audit and follow up on the
$L4BEEIMLBGPGÉLE!$LLÂZTvL*LKI\LLEL¶LLT PB)LLK3LI¶LGKuLP;$L4BE statutory/external audit of the Bank and inspections of RBI.
ETGVKI\LLETMB$LBÉL&LTBWVRP3LI;ELK;PLC;EKVL" q To interact with Statutory Central Auditors in respect of
q G3L&LLHI!PLLEGPºLI¶L-7T7&LT7B LTB PGK*LLT7LT ETMB$LBÉL&LTB ET6ÇI¶LMLBGPGÉLE approval of quarterly/annual Financial Statements and
ZTvL *LKI\LELTB MT GPQLKGP&LL; EKVL WL4K ZLBY J2L&L; WL8G.7 Reports and also follow up on all the issues raised in the
GK*LLT7; &LTB N#L Y M&L-3L&LL&LZLTB *LKWVRP3LI;ELK;PLC;EKVL" Long Form Audit Report.
q To review the internal inspection/Audit function of the
q $L4E
B ETWLB3LGKEGVKI\LL!ZTvL*LKI\LLMB$LBÉLIEL¶LLT WVRP3LI;ELK;PLC;
Bank – the system, its quality and effectiveness in terms
ET*L&LTB ÈLLZI>YRLPºLL PBÈ)LLPLIZ3LLEIM&LI\LLEKVL" of follow up.
q ¶LH MRGVG1L3L EKVT ET GZ GPºLI¶L GPPKL MHI> *L¶LL;*3L WL4K q Overseeing the Bank’s financial reporting process and the
GPPMVI¶LH4>$L4BEEIGPºLI¶LGK*LLT7YÈG¹¶LLEIGVYKLVIWL4K disclosure of its financial information to ensure that the
CMEIGPºLI¶LMXQVLWLTBELÈE7IEKL" financial statements are correct, sufficient and credible.
q $LLT.;ELTWVR&LLTOVL'L;È-3LR3LEKVTMT*LXP;>È$LBÉLVETML'L>PLLE q To review with the Management, the Annual Financial
GPºLI¶LGPPKLLTBWL4KZTvLVIG3L¶LLTB&LTB*LGKP3L;VEIM&LI\LLEKVL" Statements before submission to the Board for approval
and also about the changes in the Accounting Policies.
q &LR<¶LZTvLÈGPGr¶LLBWVR&LLVMGH3LH4B" q Major accounting entries involving estimates.
q M)LIZLYXELVXVLTBEIWVR*LLZVL" q Compliance with all the applicable legal laws.
q MXQIEKLEKLKET ÈLPÉLLVLTB ET WVRMLK PB )LLK3LI¶LGKUP; $L4BE • To discharge the functions as per provisions of the Listing
ETGOLLGVOT;LLTBETWVR*LEL¶L;EKVL" Agreement and in line with the RBI guidelines.
q E&*LVIMGQPMXQI$LEKLKET%ZLuLEIL3LL;VRMLKMG&LG3L The Company Secretary acts as Secretary to the Committee in
ETMGQPET*L&LTBEL¶L;EK3LLH4" terms of clause 49 of the Listing Agreement.
EIG-'LG3LETWVRMLKMG&LG3LEIMBKQVL Composition of the Committee as on 31.03.2015:

+IUI*LIvB.TZPLZ MG&LG3LETWÉ¶L\L 1. Sh. G. P. Khandelwal - Chairman of the Committee
+IETPID[ÄLUIKLP 2. Sh. K. V. Brahmaji Rao
+IKLUTLWY[PLZ 3. Sh. Rajesh Aggarwal
+I$LI*LIELVXVYLT 4. Sh. B. P. Kanungo
GPºLI¶LPL;ETOL4KLVMG&LG3LETW6¶LGVOTLEMO-¶L Other member Directors of the Committee during the financial

year:
+IYL4KILBEKMT
1. Sh. Gauri Shankar – 01.4.2014 to 03.3.2015
.L8KL&L MMBYL*LXKTMT
2. Dr. Ram S. Sangapure – 01.4.2014 to 03.3.2015
+I$LI$LIQL4ÉLKIMT
3. Sh. B. B. Chaudhry – 01.4.2014 to 30.6.2014
+I &L VYLT*LIVL'LMT
4. Sh. M. N. Gopinath – 01.4.2014 to 20.3.2015
+IWVRKLYU4VMT 5. Sh. Anurag Jain – 01.4.2014 to 29.1.2015
+I.IETMYZLMT 6. Sh. D. K. Singla – 01.7.2014 to 20.3.2015
212
okf"kZd fjiksVZ
GPºLI¶LPL;ETOL4KLVWL¶LLTGU3L$L4#ELTBET$¶LL4KT Details of meetings held during the Financial Year:

¹MB $L4#EEI3LLKIv MG&LG3L&LTBGVOTLELTB $L4#E&LTBN*LG-'L3LGVOTLELTBEI S.No. Date of the Total No. of Directors No. of Directors present
EIERZMB<¶LL MB<¶LL Meeting of the Committee in the Meeting
1. 12.05.2014 07 06
2. 09.06.2014 07 05
3. 24.07.2014 07 06
4. 01.09.2014 07 06
5. 19.09.2014 07 05
6. 20.10.2014 07 06
7. 22.11.2014 07 06
8. 23.12.2014 07 05
9. 02.02.2015 07 05
10. 04.03.2015 05 03
11. 30.03.2015 04 03
GPºLI¶L PL; ET OL4KLV MO-¶LGVOTLELTB ^LKL $L4#ELTB &LTB )LLY ZTVT No. of meetings attended by Member-Directors during the
EIMB<¶LL Financial Year:
¹MB GVOTLEELVL&L EL¶L;ELZETOL4KLVWL¶LLT GE3LVI$L4#ELTB&LTB S. No. Name of Director Meetings held during Meetings
GU3L$L4#ELTBEIMB<¶LL N*LG-'L3LHR their tenure attended
+I$LI$LIQL4ÉLKI 1. Sh. B. B. Chaudhry 2 2
+IYL4KILBEK 2. Sh. Gauri Shankar 9 8
+IETPID[ÄLUIKL8P 3. Sh. K. V. Brahmaji Rao 11 8
.L8KL&L MMLBYL*LRKT 4. Dr. Ram S. Sangapure 9 9
+I$LI*LIELVXVYLT 5. Sh. B. P. Kanungo 11 9
+IWVRKLYU4V 6. Sh. Anurag Jain 8 4
+I &L VYLT*LIVL'L 7. Sh. M. N. Gopinath 10 6
+I.IETMYZL 8. Sh. D. K. Singla 7 7
+IKLUTLWY[PLZ 9. Sh. Rajesh Aggarwal 3 3
È$L6ÉLVMG&LG3L &LMI
3.2 Management Committee (MC)
MG&LG3LGV&VGZGv3L&LOLTB>ULTGEMI &L.I!ÈELLWVR&LLTOVMG&LG3L The Committee considers following matters which are beyond
the discretionary powers of CMD/MD & CEO/Head Office
QWLTMI MI
"""ET GPPTELÉLIVWGÉLELKLTB MT *LKT H4B>*LKGPQLK
Credit Approval Committee (HOCAC) III:-
EK3LIH4"
ELÈ-3LLPLTBEI-PI²G3L GVGÉL PBY4KGVGÉL
a. Sanctioning of credit proposals (funded & non funded),
vLM&LL43LL!$L7_7TvL3LTÈ-3LLP b. Loan compromise/write-off proposals,
Y*LXUIWL4KKLU-PvQ;ETWVR&LLTOVL'L;È-3LLP c. Proposal for approval of capital and revenue expenditure,
L*LGKMKLTBELWGÉLY[HL PBGEKL *LKZTVTET&LLVOB.LTB&LTBGPQZV d. Proposals relating to acquisition and hiring of premises
MB$LBÉLIÈ-3LLP including deviation from norms for acquisition and hiring
of premises,
.&LREO&LL!W*LIZOL¶LKEKVL>NVEL$LQLPEKVLC3¶LLGO
e. Filing of suits/appeals, defending them etc.
QMKELKI PBW6¶LWVR&LLTGO3LÈG3L)LXG3L¶LLTB>EB*LGV¶LLTBETWBL*LLLTBWL4K
f. Investments in Government and other approved securities,
L*LLLTB&LTBGVPTL PBWB.KKLC7Y shares and debentures of companies including underwriting,
/OLV
g. Donations,
U$LLT.;^LKLÈTGL3LW6¶LELTC;&LL&LZL
h. Any other matter referred by the Board.
EIG-'LG3LETWVRMLKMBKQVL Composition as on 31.3.2015
+IYL4KILBEK MG&LG3LETWÉ¶L\L 1. Sh. Gauri Shankar - Chairman of the Committee

.LKL&L MMLBYL*LRKT 3. Dr. Ram S. Sangapure
+I7IMIZLVI 5. Sh. T. C. Jhalani
+IGOZI*LER&LLKMLHL 6. Sh. Dilip Kumar Saha
213
GPºLI¶LPL;ETOL4KLVWL¶LLTGU3L$L4#ELTBELGPPKL Details of meetings held during the Financial Year
¹MB $L4#EEIG3LG'L MG&LG3LETERZ $L4#ELTB&LTBN*LG-'L3LHR S. Date of Total No. of Directors No. of Directors
GVOTLE GVOTLE No. Meeting of the Committee present in the Meeting
1. 12.05.2014 8 7

2. 09.06.2014 7 6

3. 30.06.2014 7 7
4. 24.07.2014 8 8
5. 01.09.2014 8 6
6. 19.09.2014 8 8
7. 27.09.2014 7 5
8. 20.10.2014 7 7
9. 10.11.2014 6 4
10. 22.11.2014 6 5
11. 10.12.2014 6 5

12. 23.12.2014 6 6
13. 30.12.2014 6 6
14. 16.01.2015 6 5
15. 02.02.2015 6 4
16. 24.02.2015 6 6
17. 04.03.2015 6 5
18. 16.03.2015 6 5
19. 25.03.2015 6 5
20. 30.03.2015 6 4
GPºLI¶L PL; ET OL4KLV MO-¶L GVOTLELTB ^LKL $L4#ELTB &LTB )LLY ZTVT No. of meetings attended by Member-Directors during the
EIMB<¶LL Financial Year
¹MB GVOTLEELVL&L EL¶L;ELZETOL4KLV GE3LVI$L4#ELTB&LTB S. No. Name of Director Meetings held Meetings
WL¶LLTGU3L$L4#ELTB N*LG-'L3LHR during their tenure attended
EIMB<¶LL 1. Sh. K. R. Kamath 08 08
+IETWLKEL&L3L
2. Sh. Gauri Shankar 20 20
+IYL4KILBEK
3. Sh. K. V. Brahmaji Rao 20 18
+IETPID[ÄLUIKL8P
4. Dr. Ram S. Sangapure 20 18
.L8KL&L MMLBYL*LRKT
5. Sh. B. P. Kanungo 20 14
+I$LI*LIELVXVYLT
6. Sh. B. B. Chaudhry 06 05
+I$LI$LIQL4ÉLKI
7. Sh. G. P. Khandelwal 09 05
+IUI*LIvB.TZPLZ

.LMRVIZYR*3LL LX6¶L 10. Dr. Sunil Gupta 01 Nil
+I7IMIZLVI 11. Sh. T. C. Jhalani 12 11
ÈELLWVR&LLTOVMG&LG3L -3LK"""
3.3. Head Office Credit Approval Committee (Level – III)
ÈELLWVR&LLTOVMG&LG3L-3LK""" ÈKLT. MT WGÉLEWL4K The HO Credit Approval Committee Level III considers the
credit proposals above ` 100 crores and up to ` 400 crores
ÈKLT. EZ
3LEWL4KEKLT. MT WGÉLEWL4K `
(standalone) and above ` 200 crores and up to ` 800 crores
EKLT. M&LXH %M*LLTUK
3LEETLÈ-3LLPLTB*LKWL4KMI &L.I! &L.I (group exposure) and also considers OTS/Compromise/Write
PB MIC;WLT EI *LXP; &LTB GVGH3L LG%S¶LLTB EI MI&LL 3LE WLT7I M! off proposals to the extent of powers earlier vested with CMD/
M&LL43LL!$L7_7LvL3LLÈ-3LLPLTB*LKGPQLKEK3LIH4" MD & CEO.
EIG-'LG3LWVRMLKMBKQVL Composition as on 31.03.2015

214
okf"kZd fjiksVZ

3. Dr. Ram S. Sangapure
.L8KL&L MMLBYL*LRKT
Besides the above Board members General Managers of
N%SDLT.; ET MO-LTB ET WGSGK%SGV&VGZG<LSJ2B%LVZJ[)LLYLTB ET the following functional Divisions are also members of the
FHLJ[DBE)LIMGFGSETMO-H4B" Committee:
i. GPºLÈ)LLY i. Finance Division
ii. ¹TG.7È)LLY ii. Credit Division
iii. EI²3LULTGv&LÈ$L6ÉLVÈ)LLY iii. Integrated Risk Management Division
iv. WB3LKL;rI¶L$L4BEYÈ)LLY iv. International Banking Division
GPºLI¶LPL; ET OL4KLVMO-¶LGVOTLELTB ^LKL$L4#ELTB &LTB )LLYZTVT EI No. of meetings attended by Member-Directors during the Financial
MB<¶LL Year
¹MB GVOTLEELVL&L NVETEL¶L;ELZET $L4#E&LTB)LLYGZ¶LL S. Name of Director Meetings held Meetings
OL4KLVHRC;$L4#ETB No. during their tenure attended
+IETWLKEL&L3L 1. Sh. K. R. Kamath 25 25
ULTGv&LÈ$LBÉLVMG&LG3L 3.4 Risk Management Committee

$L4BE^LKLULTGv&LÈ$L6ÉLVMG&LG3LELY#VGE¶LLY¶LLH4" The Bank has constituted the Risk Management Committee:
q GPºLI¶LPW6¶L&LL&LZLTB&LTBMB$LBGÉL3LULTGv&LLTBEI*LHQLVWL4KC6HTB q To identify and mitigate the risks relating to financial and

E&LEKVL" other matters.
q To guide CRMC, ALCO, ORMC & GRMC on any issue
q ULTGv&LÈ$LBÉLVMTMB$LBGÉL3LGEMI)LI&LH3P*LXL;GPL¶L*LKMIWLK of importance for risk management and to oversee
&LMI> ZELT>WLT WLK &LMI PB UIWLK &LMIEL&LLY;OL;V the functioning of these committees for effective
EKVL 3L'LL È)LLPI M&L6P¶L ET GZ CV MG&LG3L¶LLTB ET EL¶L; ELT coordination.
OTvVL" q Approving Market Risk Management processes (including
q GPG)L£ULTGv&L\LTLLTB W'LL;3L_L>$LLULK>*LGKQLZVL3&LEWL4KG*LZK"" people, systems, operations, limits and controls) pertaining
ULTGv&LLTB MTMB$LBGÉL3L$LLULKULTGv&LÈ$LBÉLVÈG¹¶LLWLTB 0¶LG%S>ÈLLZI> to various risk areas viz. credit, market, operational and
Pillar II risks.
ÈQLZV>MI&LL PBGV¶LBLLMGH3L
ELT-PI²G3LOTVL"
q Approval of any other action necessary to comply
q ULTGv&LÈ$LBÉLVVIG3L!)LLGK$L4BEETGOLLGVOT;LLTB¶LLW6¶L'LLGEMI with requirements set forth in Risk Management Policy/
W6¶LULTGv&LETÈ$LBÉLVEIWVR*LLZVLHT3LRW*LTG\L3LGEMIW6¶L RBI guidelines or otherwise required for managing any
WLP¶LEELK;PLC;ELWVR&LLTOVEKVL" risk.
EIG-'LG3LETWVRMLKMBKQVL Composition as on 31.03.2015:
.L8KL&L MMLBYL*LRKT 3. Dr. Ram S. Sangapure
+IUI*LIv.TZPLZ 4. Sh. G. P. Khandelwal
GPºLI¶L PL; ET OL4KLV WL¶LLTGU3L $L4#ELTB &LTB MO-¶L GVOTLELTB ET No. of meetings attended by Member-Directors during the Financial
Year:
N*LG-'L3LHLTVTEIMB<¶LL
¹MB GVOTLEELVL&L EL¶L;ELZETOL4KLV GU3LVI$L4#ELTB&LTB S.No. Name of Director Meetings held Meetings
WL¶LLTGU3L$L4#ELTBEIMB<¶LL N*LG-'L3LHR during their tenure attended
+IYL4KILBEK 1 Sh. Gauri Shankar 04 04
+IUI*LIv.TZPLZ 4. Sh. G. P. Khandelwal 04 04
+IMRVIZYR*3LL 5. Dr. Sunil Gupta 03 01
215
M3LE;3LL!Y4K M3LE;3LL WVRLLMGVE ELK;PLC; &LL&LZLTB ET GV*L7LV 3.5 Committee of Directors to review disposal of Vigilance/
EIM&LI\LLHT3LRGVOTLEMG&LG3L Non-vigilance Disciplinary action cases
MG&LG3L> M3LE;3LL WL4K Y4KM3LE;3LL WVRLLMGVE ELK;PLC; &LL&LZLTB ET The Committee reviews disposal of vigilance and non-vigilance
GV*L7LVEIM&LI\LLG3L&LLHIWLÉLLK*LKEK3LIH4" disciplinary action cases on quarterly basis.

¹MB GVOTLEELVL&L NVETEL¶L;ELZETOL4KLV GU3LVI$L4#ELTB&LTB S. Name of Director Meetings held Meetings
WL¶LLTGU3L$L4#ELTBEIMB<¶LL N*LG-'LG3LHR No. during their tenure attended
+IWVRKLYU4V LX6¶L 5. Sh. Anurag Jain 03 Nil
DLT.;EIMXQVLÈL4]LTGYEIMG&LG3L 3.6 I T Strategy Committee of the Board

CMMG&LG3LELY#VMXQVLMRK\LL PBMXQVLÈL4]LTGYEIMB$LBÉLIGPG)L£ The Committee studies various aspects of Information Security
*LHZRWLTBETWÉ¶L¶LV PBC6HTB$L4BE&LTB&LU$LX3LEKVTPN*L¶LR%SN*LL¶LLTB and suggests appropriate measures to strengthen it in the
ELMRLPOTVTHT3LRGE¶LLY¶LLH4"MXQVLÈL4]LTGYEIMTMB$LBGÉL3LGPG)L£ Bank. The IT initiatives including the IT Policies and report on
*LHZLTBGUV&LTBWLC;7IVIG3L3L'LLMB-'LLJVLP 7I &LETEL¶LLT*LKGK*LLT7; installation and functioning of ATMs are being placed in the
LLG&LZH4>ELT$LLT.;EIMXQVLÈL4]LTGYEIEIMG&LG3LEIG3L&LLHI$L4#ELTB quarterly meetings of IT Strategy Committee for information/
discussion/guidance/ approval.
&LTBMXQVL'L;!GPQLKL'L;!GOLLGVOT;L!WVR&LLTOVL'L;È-3LR3LGE¶LLUL3LLH4"
+IUI*LIvB.TZPLZ MG&LG3LETWÉ¶L\L 1. Sh. G. P. Khandelwal - Chairman of the Committee
+IYL4KILBEK 2. Sh. Gauri Shankar
+IGOZI*LMLHL 5. Sh. Dilip Kumar Saha
GPºLI¶L PL; ET OL4KLV WL¶LLTGU3L $L4#ELTB &LTB MO-¶L GVOTLELTB ET No. of meetings attended by Member-Directors during the Financial
N*LG-'L3LHLTVTEIMB<¶LL Year:
¹MB GVOTLEELVL&L WL¶LLTGU3L$L4#ELTBEI GU3LVI$L4#ELTB&LTBN*LG-'L3L S.No. Name of Director Meetings held during Meetings
MB<¶LL HR their tenure attended
+IUI*LIvB.TZPLZ 1. Sh. G. P. Khandelwal 04 02
+IGOZI*LMLHL 5. Sh. Dilip Kumar Saha 04 04
*LOLT£G3LETGZ GVOTLEMG&LG3L 3.7 Directors Promotion Committee

MG&LG3LN1QEL¶L;*LLZEY[.T -ETZVI WL4K-ETZVII&LTB *LOLT£G3LETGZ The Committee considers promotions to Top Executive Grade Scale-
N&&LIOPLKLTB ETMB$LBÉL&LTB GPQLKEK3LIH43L'LLN1QEL¶L;*LLZEY[.T -ETZVII VI and Scale-VII as well as representations of candidates against
&LTB WVR&LLTOVVHLTVT ETMB$LBÉL&LTB ÈL*3LÈG3LPTOVLTB *LKGPQLKEK3LIH4" non-approval for promotion to Top Executive Grade Scale-VII.
216
okf"kZd fjiksVZ
EIG-'LG3LETWVRMLKMBKQVL Composition as on 31.03.2015

GPºLI¶LPL;ETOL4KLVWL¶LLTGU3L$L4#ELTB&LTBMO-¶LGVOTLELTBETN*LG-'L3L No. of meetings attended by Member-Directors during the Financial
HLTVTEIMB<¶LL Year:
¹MB GVOTLEELVL&L NVETEL¶L;ELZETOL4KLV GU3LVI$L4#ELTB&LTB S. Name of Director Meetings held Meetings
WL¶LLTGU3L$L4#ELTBEIMB<¶LL N*LG-'LG3LHR No. during their tenure attended
$LLT.;EIGPLTLMG&LG3LÉLLT<LLÉL.I&LL&LZLTBEIGVYKLVIHT3LR 3.8 Special Committee of Board – For monitoring fraud cases
EKLT.3L'LLCMMTWGÉLEML'LHIML'LKLGLELÉ¶LLVGO The Committee has been constituted for monitoring and
review of all fraud cases of `1.00 crore and above, as well as
G$LVLMLC$LKÉLLT<LLÉL.IET &LL&LZLTB EIGVYKLVI3L'LLM&LI\LLHT3LR ¶LH cyber frauds irrespective of the amount, so as to:
GPLTLMG&LG3LYG#3LEIYC;H43LLGE
q Identify the systemic lacunae and put in place measures to
q ÈLLZIY3LLRG7¶LLTB EI*LHQLVWL4KN6HTB OXKEKVT ET GZ N*LL¶L plug the same.
È-3LR3LEKVL"
q Monitor progress of CBI/Police investigation, recovery &
q MI$LIWLC;!*LRGZMULBQEIÈYG3LEIGVYKLVI>PMXZI PB -7L¾2 staff accountability.
OLG¶L3P" q Review the efficacy of the remedial action taken to prevent
q ÉLLT<LLÉL.IEI*LRVKLPAGºLKLTEVTETGZ N#L Y MRÉLLKL3&LEEO&LLTB recurrence of frauds.
EIÈ)LLPLIZ3LLEIM&LI\LL" q Put in place other measures as may be considered relevant
q KLTE'LL&L3LBLELT&LU$LX3LEKVTMTMB$LBGÉL3LGPQLKTY W6¶LN*LL¶LLTB to strengthen preventive mechanism.
ELTÈ-3LR3LEKVL"
GPºLI¶LPL;ETOL4KLVWL¶LLTGU3L$L4#ELTB&LTBMO-¶LGVOTLELTBETN*LG-'L3L No. of meetings attended by Member-Directors during the

HLTVTEIMB<¶LL Financial Year:
¹MB GVOTLEELVL&L EL¶L;ELZETOL4KLV GU3LVI$L4#ELTB&LTB S. No. Name of Director Meetings held Meetings
+IKLUTLWY[PLZ LX6¶L 5. Sh. Rajesh Aggarwal 02 Nil
*LLGK+G&LEMG&LG3L 3.9 Remuneration Committee
MG&LG3L$L4BEETÈ$L6ÉLGVOTLE3L'LLEL¶L;*LLZEGVOTLELTBETÈLT3MLHV The Committee decides entitlement of incentive for MD &

EDs of the Bank.
EIWH;3LLELGVL;¶LEK3LIH4"
EIG-'LG3LWVRMLKMBKQVL Composition as on 31.03.2015:
+I KLUTL WY[PLZ MG&LG3L ET WÉ¶L\L 1. Sh. Rajesh Aggarwal - Chairman of the Committee
+I $LI*LI ELVXVYLT 2. Sh. B. P. Kanungo
217
GPºLI¶LPL;ETOL4KLVWL¶LLTGU3LMO-¶LGVOTLELTB^LKL$L4#ELTB&LTB)LLY No. of meetings attended by Member-Directors during the Financial
ZTVTEIMB<¶LL Year:
¹MB GVOTLEELVL&L EL¶L;ELZETOL4KLVWL¶LLTG GU3LVI$L4#ELTB&LTB S. No. Names of Directors Meetings held Meetings
U3L$L4#ELTBEIMB<¶LL N*LG-'L3LHR during their tenure attended
+IKLUTLWY[PLZ LX6¶L LX6¶L 1. Sh. Rajesh Aggarwal Nil Nil
+I$LI$LIQL4ÉLKI 4. Sh. B. B. Chaudhry 01 01
VL&LLBEVMG&LG3L 3.10 Nomination Committee
$L4BEET$LLT.;&LTBU$LE)LILT¶LKÉLLKEGVOTLELTBELGVPL;QVGE¶LLUL3LL The committee has been constituted as per RBI guidelines to
H4>)LLGK$L4BEETGOLLGVOT;LLTBETWVRMLKLT¶LKÉLLKEGVOTLE ELTB
determine the fulfillment of `fit and proper’ criteria in respect
ET MB$LBÉL&LTB ??M\LFS'LLN*L¶LR%S&LLVELTB ELWVR*LLZVMRGVG1L3L of Shareholder Director(s) on the Board of Bank, as and when
EKVTETGZ MG&LG3LELY#VGE¶LLY¶LLH4" elections are held for Shareholder Directors.
+IKLUTLWY[PLZ MG&LG3LETWÉ¶L\L 1. Sh. Rajesh Aggarwal - Chairman of the Committee

2. Sh. G. P. Khandelwal
+IUI*LI<LB.TZPLZ
3. Sh. Dilip Kumar Saha
+IGOZI*LMLHL
No. of meetings attended by Member-Directors during the Financial
Year:
¹MB GVOTLEELVL&L EL¶L;ELZETOL4KLV GU3LVI$L4#ELTB&LTB S. No. Names of Directors Meetings held Meetings
+IWVRKLYU4V LX6¶L LX6¶L 2. Sh. Anurag Jain Nil Nil
+I$LI*LIELVXVYLT LX6¶L 3. Sh. B. P. Kanungo 01 Nil
+IUI*LI<LB.TZPLZ 5. Sh. G. P. Khandelwal 01 01
+IGOZI*LER&LLKMLHL 6. Sh. Dilip Kumar Saha 01 01
Y[LHEMTPLMG&LG3L 3.11 Customer Service Committee
Y[LHEMTPLMG&LG3LELY#V$L4BE^LKLG3L&LLHIWLÉLLK*LKÈL*3LEI The Customer Service Committee has been constituted to
review the position of complaints received and disposed off
Y¶LI PBGV*L7L¶LIYC;GLEL¶L3LLTBEIG-'LG3LEIM&LI\LLETGZ GE¶LL
by the Bank on quarterly basis.
Y¶LLH4"

GPºLI¶LPL;ETOL4KLVWL¶LLTGU3LMO-¶LGVOTLELTB^LKL$L4#ELTB&LTB)LLY No. of meetings attended by Member-Directors during the Financial
ZTVTEIMB<¶LL Year:
¹M GVOTLEELVL&L EL¶L;ELZETOL4KLV GU3LVI$L4#ELTB&LTB S.No. Name of Director Meetings held Meetings
+IETPID[ÄLUIKLP 3. Sh. K. V. Brahmaji Rao 04 04
.LKL&L MMLBYL*LRKT 4. Dr. Ram S. Sangapure 04 04
218
okf"kZd fjiksVZ

+IWVRKLYU4V LX6¶L 9. Sh. Anurag Jain 03 Nil
MR+IWKLÉLVLG&L+L LX6¶L 10. Ms. Aradhana Misra 01 Nil
+I$LI$LIQL4ÉLKI LX6¶L 11. Sh. B. B. Chaudhry 01 Nil
3.12 Power of Attorney Committee
&LR<3LLKVL&LLMG&LG3L
The committee sanctions and allots General Power of Attorney
MG&LG3L$L4BE&LTB EL¶L; EKKHT WGÉLELGK¶LLTB WL4KGPLTLMHL¶LELTB ELT to eligible employees of the Bank authorizing them to execute
UVKZ*LL8PKWL8¾2W7LVI;-PIELKPÈOLVEK3LIH43LLGEPTO-3LLPTuLLTB documents and represent on behalf of the Bank.
ELTGV*LLGO3LEKMETBWL4K$L4BEELÈG3LGVGÉL3PEKMETB"
ETWVRMLKMBKQVL Composition as on 31.03.2015

GPºLI¶L PL; ET OL4KLV WL¶LLTGU3L $L4#ELTB &LTB MO-¶L GVOTLELTB EI No. of meetings attended by Member-Directors during the Financial
N*LG-'LG3LMB<¶LL Year:
¹M GVOTLEELVL&L EL¶L;ELZETOL4KLV GU3LVI$L4#ELTB&LTB S. No. Name of Director Meetings held Meetings
WL¶LLTGU3L$L4#ETB N*LG-'L3LHR during their tenure attended
W*LIZI¶LÈLGÉLELKIPM&LI\LLÈLGÉLELKIMG&LG3L 3.13 Appellate Authority & Reviewing Authority Committee
MG&LG3LEILG%SLTBETWBSY;SWLVTPLZIWJIZWL4KJRV;LGQELET The committee has been constituted to decide the appeal and
review petitions falling in the powers of the Committee.
GVL;HTSRGELYLH4"
Composition as on 31.03.2015:
EIG-'LG3LETWVRMLKMG&LG3LEIMBKQVL
1. Sh. Gauri Shankar - Chairman of the Committee
+IYL4KILBEK MG&LG3LETWÉ¶L\L
2. Sh. K. V. Brahmaji Rao
+IETPID[ÄLUIKLP
3. Dr. Ram S. Sangapure
.LKL&L MMLBYL*LRKT
4. Sh. Rajesh Aggarwal
+IKLUTLWY[PLZ
Year:
N*LG-'LG3LMB<¶LL
¹M GVOTLEELVL&L EL¶L;ELZETOL4KLV GU3LVI$L4#ELTB&LTB S. No. Name of Director Meetings held during Meetings
WL¶LLTGU3L$L4#ETB N*LG-'L3LHR their tenure attended
GPuLVGZ -7IKYMG&LG3L 3.14 Steering Committee for Vision 2016

¶LHMG&LG3LGPuLVO-3LLPTUET EL¶LL;6P¶LV&LTB HRC; ÈYG3LEI The Committee reviews the progress in implementation of
M&LI\LLEK3LIH4" Vision 2016.

219
GPºLI¶LPL;ETOL4KLVMG&LG3LEIELTC;$L4#EVHIBHRC;" No meeting of the committee was held during the Financial Year
2014-15.
PMXZI&LTBÈYG3LEIGVYKLVIEKVTETGZ $LLT.;EIMG&LG3L
3.15 Committee of the Board to monitor the progress in recovery
MG&LG3LGV&VGZG<L3LHT3LRYG#3LEIY¶LIH4 The Committee has been constituted to:
q LI L[PMXZIHT3LR V*LI È$LBÉLVWL4KGPG)L6V7XZLTB&LTBÈ)LLPIN*L¶LLTY q Review the ways and strategies to improve NPA
ELTMRÉLLKVTHT3LR3LKIELTBWL4KKLVIG3L¶LLTBEIM&LI\LLEKVL" management and effective utilization of various tools to
expedite recovery.
q ÈX.TG6L¶LZ $L7_7T <LL3LLTB MGH3L V*LI PMXZI &LTB HRC; ÈYG3L EI
q Monitor the progress of recovery in NPAs including
GVYKLVI" prudential written-off accounts.
q .IWLK7I!.IWLK 7IFTB ZBG$L3L&LL&LZLT!B WLKMIEIG-'LG3LEIM&LI\LL" q Review the status of cases/RCs pending at DRTs/DRATs.
q LGVYKLVI3LBLWL4KWGV¶LG&L3L!E&LULTK<LL3LLTB EIM&LI\LLWL4K q Review the credit monitoring mechanism and status of
V*LI EIKLTE'LL&LHT3LREO&LN#LVL" irregular/weak accounts and the steps for prevention of
NPAs.
q MG&LG3L^LKLGVL3LELTC;W6¶LEL¶L;G$L6OR" q Any other agenda as decided by the Committee.
Year:
N*LG-'LG3LMB<¶LL
¹M GVOTLEELVL&L EL¶L;ELZETOL4KLV GU3LVI$L4#ELTB&LTB S. No. Name of Director Meetings held Meetings
.L8KL&L MMBYL*LRKT 4. Dr. Ram S. Sangapure 11 10
LT¶LKÉLLKE GVOTLELTB ET GVPL;QV *LK GPQLK EKVT ET GZ 3.16 Committee to consider election of Shareholder Directors -
MG&LG3LMLP;UGVE\LTLET$L4BELTB^LKL&L3LOLV voting by Public Sector Banks
The Committee considers voting by the Bank for election of
MG&LG3L>EB*LGV¶LLTB&LTBUHLB$L4BEET*LLMCG%P7ILT¶LKH4B>ETLT¶LKÉLLKE Shareholder Directors in the companies where Bank holds
GVOTLELTBETGVPL;QVHT3LR$L4BE^LKL&L3LOLV*LKGPQLKEK3LIH4" equity stake.
No meeting of the committee was held during the Financial Year
GPºLI¶LPL;ETOL4KLVMG&LG3LEIELTC;$L4#EVHIBHRC;" 2014-15.
LT¶LKWB3LKLMG&LG3L
3.17 Share Transfer Committee
MG&LG3LLT¶LKLTB ET WB3LKL>.R*ZIET7!V LT¶LKÈ&LLL*LLULKIEKVT The Committee monitors and approves transfers of physical
3L'LLLT¶LKLTBETMBÈTLLWL4KN6HTB*LRV&LX3L;*L&LTBULKIEKVTMTUR.T shares, issuance of duplicate share certificates/new certificates,
&LL&LZLTBEIGVYKLVI PBWVR&LLTOVEK3LIH4" transmission of shares, re-materialization of shares etc.

1. Sh. Gauri Shankar - Chairman of the Committee
+IYL4KILBEK MG&LG3LETWÉ¶L\L
2. Sh. K. V. Brahmaji Rao
+IETPID[ÄLUIKLP
220
okf"kZd fjiksVZ

+IUI*LI<LB.TZPLZ 4. Sh. G. P. Khandelwal
¹MB GVOTLEELVL&L EL¶L;ELZETOL4KLV GU3LVI$L4#ELTB&LTB S. No. Name of Director Meetings held during Meetings
WL¶LLTGU3L$L4#ELTBEIMB<¶LL N*LG-'L3LHR their tenure attended
+IYL4KILBEK * 1. Sh. Gauri Shankar 25 24*
+IETPID[ÄLUIKLP * 2. Sh. K. V. Brahmaji Rao 25 23*
.LKL&L MMLBYL*LRKT * 3. Dr. Ram S. Sangapure 25 21*
.L8MRVIZYR*3LL * 4. Dr. Sunil Gupta 23 21*
+IUI*LI<LB.ZTPLZ * 5. Sh. G. P. Khandelwal 02 01*
* LT¶LKWB3LKLMG&LG3LEI E$L4#EMER;ZTLV^LKLW¶LLTGU3LHRC;'LI" * One meeting of Share Transfer Committee was held by circulation.
-7TEHLT:.KGKZTLVGL*LE&LT7I 3.18 Stakeholders’ Relationship Committee

MG&LG3L$L4BE!LT¶LKWB3LKL UTB7 M7I
^LKLÈL*3LLT¶LKÉLLKELTBWL4K The Committee monitors grievances of shareholders and
$LLB.ÉLLKELTBEIGLEL¶L3LLTBEIGVYKLVIWL4KNVELGV*L7LVEK3LIH4" bondholders received by the Bank/Share Transfer Agent (STA)
and redressal thereof.
+IUI*LI<LB.TZPLZ MG&LG3LETWÉ¶L\L 1. G. P. Khandelwal - Chairman of the Committee
+IYL4KILBEK 2. Sh. Gauri Shankar
GPºLI¶L PL; ET OL4KLV WL¶LLTGU3L $L4#ELTB &LTB MO-¶LGVOTLELTB EI No. of meetings attended by Member-Directors during the Financial
¹MB GVOTLEELVL&L EL¶L;ELZETOL4KLV GU3LVI$L4#ELTB&LTB S. No. Name of Director Meetings held during Meetings
WL¶LLTGU3L$L4#ELTBEIMB<¶LL N*LG-'L3LHR their tenure attended
1. Sh. G. P. Khandelwal Nil Nil
+IUI*LI<LB.TZPLZ LX6¶L LX6¶L
2. Sh. D. K. Singla 03 03
+I.IETMYZL
3. Dr. Sunil Gupta 06 05*
.L8MRVIZYR*3LL *
+IYL4KILBEK * 4. Sh. Gauri Shankar 06 06*
+IETPID[ÄLUIKLP * 5. Sh. K. V. Brahmaji Rao 06 06*
.LKL&L MMLBYL*LRKT * 6. Dr. Ram S. Sangapure 06 06*
*-7TEHLT:.KGKZTLVGL*LE&LT7IEI E$L4#EMER;ZTLV^LKLWL¶LLTGU3LHRC;'LI" * One meeting of Stakeholders’ Relationship Committee was held by circulation.
+I YLT*LIVL'LV>EB*LVIMGQPELTMXQIEKLEKLKET<L.ET Shri A. Gopinathan, Company Secretary, is the Compliance

WVRMKL&LTBWVR*LLZVLWGÉLELKIET*L&LTBGV¶LR%SGE¶LLH4B" Officer in terms of Clause 47 of the Listing Agreement.
$L4BEELT GPºLI¶LPL; ET OL4KLVLT¶LKÉLLKELTB MT GLEL¶L3LTB ÈL*3LHRC; Out of 67 complaints received from the shareholders during
the financial year, 66 were redressed and one complaint was
NV&LTB MT ELGV*L7LVGE¶LLULQREL'LLWL4KEI outstanding as on 31.03.2015.
G-'LG3LWVRMLKETPZ EGLEL¶L3LZG&$L3L'LI"
221
WGVPL¶L;!Y4KWGVPL¶L;W*LT\LLWLTBELWVR*LLZV 4. Compliance of Mandatory/Non Mandatory requirements
$L4BE VT MXQIEKL EKLK ET <LB. EI WGVPL¶L; W*LT\LLWLTB EL The Bank has complied with the mandatory requirements of
WVR*LLZVGE¶LLH4"N%S<LB.EIY4KWGVPL¶L;W*LT\LLWLTBETMB$LBÉL Clause 49 of Listing Agreement. In respect of non-mandatory
requirements of the said clause, the status of its implementation
&LTBCVETEL¶LL;6P¶LVEIG-'LG3LGV&VLVRMLKH4 is as under:
¹MB Y4KWGVPL¶L;W*LT\LL B EL¶LL;6P¶LVEIG-'LG3L Sr. Non Mandatory requirements Status of implementation
GVOTLE&LB.ZY4KEL¶L;*LLZEWÉ¶L\L ZLYXVHIB>WÉ¶L\LEL*LOGOVLBE No.
1 The Board - A non-executive Not Applicable. Chairman’s post is
ELT E&*LVI ET <LQ; *LK WÉ¶L\L EL MT<LLZIH4" Chairman may be entitled to vacant as on 31.03.2015.
EL¶LL;Z¶LM&)LLZVTELHEH4" maintain a Chairman's office at the
*LLGK+G&LE MG&LG3L $LLT.; ^LKL *LLGK+G&LEMG&LG3LET6ÇMKELK^LKLULKI company's expense
*LLGK+G&LE MG&LG3L YG#3L EI UL ULT GOLLGVOT;LLVRMLKGV*LLOVMTUR.TÈLT3MLHV 2 Remuneration Committee – Remuneration Committee decides
EL¶L;*LLZE GVOTLELTB ET GZ GPGLr *LK GVL;¶L ZT3LI H4" 3L'LLG*L> EL¶L;*LLZE Board may set up a Remuneration the entitlement of Performance
*LLGK+G&LE*L4ETU3L4¶LLKEKTGUV&LTB*LTBLV GVOTLELTB ELT )LLK3L MKELK^LKLGVG1L3L Committee to determine company’s Linked Incentive in terms of
policy on specific remuneration guidelines issued by the Central
WGÉLELK 3L'LL ÈG3L*LXKE )LRY3LLV )LI GE¶LLY¶LLPT3LVG&LZ3LLH4" packages for executive directors Government. However, Executive
LLG&LZHLTB" including pension rights and any Directors draw salary as fixed by
LT¶LKÉLLKELTB ET WGÉLELK LT¶LKÉLLKELTB G3L&LLHI!PLLE GPºLI¶L *LGKLL&L V MMI compensation payment. the Government of India.
ELTGPºLI¶L*LGKLL&LLTB ETW;PLLE*LGKLL&LLTB WL4K $LI MMI ELT )LTUT!M&LLQLK *LLLTB 3 Shareholders’ Rights - A half-yearly The quarterly / Annual Financial
3L'LLY3L/H&LLHEI&LH3P*LXL; L7VLWLTB &LTB ÈELGL3L GE¶LT UL3LT H4B 3L'LL È&LR<L declaration of financial performance Results are sent to NSE/BSE,
ELMLKLBLÈTGL3LGE¶LLUL " GPLTL3LLWLTB MGH3L $L4BE EI P4$LMLC7 *LK including summary of the significant published in newspapers and
events in last six-months, may be placed on Bank’s website including
ÈOL3LGE¶LTUL3LTH4B" highlights.
sent to shareholders.
ZT<LL*LKI\LL MB$LBÉLI WH;3LL B $L4BE $L4E B ET PLLEGPºLI¶LGPPKLG$LVLWH;3LL 4 Audit Qualifications - Bank The Bank’s Annual Financial
G$LVL WH;3LL GPºLI¶L GPPKLLTB EI GOLL H4> &LH3P*LXL; ZT<LLBEV WVRMGX Q¶LLTB &LTB may move towards a regime of Statements are unqualified.
&LTBULME3LLH4" GVGH3LH4"B VIG3L¶LL8B 3L'LLZT<LL<LL3LLTB MTMB$LBGÉL3L unqualified financial statements. Significant Accounting Policies and
G7**LGL¶LLB0¶LL<¶LL3&LEÈ²G3LEIH4B " Notes to Accounts are contained in
schedules, which are explanatory
GVOTLE &LB.Z ET MO-¶LLTB EL EL¶L;*LLZE!Y4KEL¶L;*LLZE GVOTLELTB in nature.
ÈGL\LL$L4BEW*LVT$LLT.;ETMO-¶LLTBELT EI GV¶LRG%S )LLK3L MKELK!WL&L $L4#E 5 Training of Board Members The Executive / Non-executive
E&*LVIETELKLT$LLK&LL8.Z3L'LLELKLT$LLK ^LKL$L4GB EYE&*LVI WU;V3L'LLWB3LKL
- Bank may train Board Directors are appointed by
ET *L4KL&LI7KLTB ET ULTG<L&L ÈLT¾2LCZ &LTB> WGÉLGV¶L&L ET GPGLr ÈLPÉLLVLTB ET members in the business model Government of India / elected in
GVOTLELTB ET OLG¶L3PLTB 3L'LLNVELGVPL;H WB3LY;3LGPLTL¶LLT9¶L3LLWLTETWLÉLLK*LKEI of the company as well as the risk General Meeting having specific
EKVT ET MPLT;ºL&L 3LKIET ET MB$LBÉL &LTB UL3LI H4"B W3L CM MB$LBÉL &LTB ¶LH *L¶LL;*3L profile of the business parameters qualifications under the provisions
ÈGLG\L3LEKME3LLH4" HLTYL" of the company, the responsibilities of Banking Companies (A&TU) Act,
as directors, and the best ways to 1970. As such, this will suffice.
Y4K EL¶L;*LLZE GVOTLE MO-¶LLTB ET )LLK3LI¶L GKuLP; $L4BE ET GOLLGVOT;LLTB ET discharge them.
&LX:¶LLBEVEI*LG3LY4KEL¶L;*LLZE WVRMLK E VL&LLBEV MG&LG3L EL Y#V 6 Mechanism for evaluating
A Nomination Committee has been
GVOTLELTB ET EL¶L; EL &LX:¶LLBEV W6¶L GE¶LLY¶LLH43L'LL$L4BEYE&*LVI N*L¹&LLTB Non-Executive Board Members – constituted in terms of Reserve Bank
GVOTLELTB ET M&LXH ^LKL GE¶LL UL YL ELWU;V3L'LLWB3LKL
WGÉLGV¶L&L The performance evaluation of non- of India Guidelines and the directors
GUM&LTB *LXKL GVOTLE &LB.Z HLTYL" *LKB3LR ET <LB.
i
ET WÉLIV Q¶LGV3L executive directors could be done elected under clause 9(3)(i) of The
GUMGVOTLEETEL¶L;EL&LX:¶LLBEVHLT GVOTLELTBEI¶LLT9¶L3LL3L'LLN*L¶LR%S3LLEL by a peer group comprising the Banking Companies (Acquisition
& Transfer of Undertakings) Act,
entire Board of Directors, excluding
KHL H4> NMT LLG&LZ VHIB GE¶LL UL YL GVÉLL;KLGE¶LLUL3LLH4"CMETWG3LGK%S>
the director being evaluated; and 1970 are subject to determination
WL4KCMÈELKW*LVT M&LE\L0¶LG%S¶LLTB Y4KEL¶L;*LLZEGVOTLELTBEIGV¶LRG%S)LLK3L Peer Group evaluation could be the of “fit & proper” status. Further
^LKLGE Y &LX:¶LLBEVMT HI¶LH3L¶L MKELK ^LKL $L4BEELKI E&*LVI N*L¹&LLTB mechanism to determine whether other Non-Executive directors are
GE¶LLUL YLGEY4KEL¶L;*LLZEGVOTLELTB ELWU;VWL4KWB3LKL
WGÉLGV¶L&L> to extend / continue the terms of appointed by GoI, in terms of the
EIGV¶LRG%SELEL¶L;ELZ$LL¶LL!ULKI ETWÉLIVEIULSIH4" appointment of non-executive Banking Companies (Acquisition
K<LLUL W'LPLVHIB" directors & Transfer of Undertakings) Act,
1970.
GPMZ $ZLTWK VIG3L $L4BE W*LVT $L4BEVTGPMZ$ZLTWKVIG3LZLYXEIH4"
7 Whistle Blower Policy - The The Bank has implemented the
E&L;QLGK¶LLTB ET GZ TMI 0¶LP-'LL EK Bank may establish a mechanism Whistle Blower Policy.
ME3LL H4 GUMET WB3LY;3L PT WV4G3LE for employees to report to the
WLQKL> PL-3LGPE W'LPL MBGO9ÉL management concerns about
ÉLLT<LLÉL.I W'LPL E&*LVI EI WLQLK unethical behaviour, actual or
MBGH3LLW'LPLV4G3LE3LLVIG3LETNkB LV suspected fraud or violation of
ET MB$LBÉL&LTB W*LVIGQ63LL B È$LBÉLVELT the company’s code of conduct
or ethics policy. This mechanism
$L3LL ME3LT H4B" CM 0¶LP-'LL &LTB NV
could also provide for adequate
E&L;QLGK¶LLTB ELT M3LL ULVT MT $LQLP safeguards against victimization
ET *L¶LL;*3L 0¶LP-'LL )LI HLT ME3LI H4 of employees who avail of the
ULTCM0¶LP-'LLELMHLKLZT3LTH4B3L'LL mechanism and also provide for
WMLÉLLKL*LGKG-'LG3L¶LLTB &LTB MIÉLT WÉ¶L\L direct access to the Chairman of
MT M&*LE; EKVT EI 0¶LP-'LL )LI HLT the Audit committee in exceptional
ME3LIH4" E$LLK-'LLG*L3LHLTULVTET cases. Once established, the
existence of the mechanism may
$LLOMB-'LLET )LI3LKCM0¶LP-'LLEI be appropriately communicated
M&LRGQ3LULVELKIOIULME3LIH4" within the organization.
222
okf"kZd fjiksVZ
WL&L$L4#ETB 5. General Body Meetings

LT¶LKÉLLKELTB EI G*L/ZT 3LIV PLLT ET OL4KLV HRC; PLLE WL&L $L4#ELTB WL4K The details of Annual General Meetings (AGM) and
WMLÉLLKL WL&L $L4#ELTB ET GPPKL CM ÈELK H4B Extraordinary General Meeting (EGM) of shareholders during
the last three years are as follows:
$L4#E GOV>GOVLBE PB -'LLV NÎT¶L Type of Day, Date Venue Purpose
EL M&L¶L Meeting & Time
ÈELK
E l e v e n t h Tuesday, PNB Auditorium, To discuss, approve &
AGM June 26, Central Staff College, adopt the Audited Balance
9¶LLKHPIB &LBYZPLK>UXV> *LI V$LIWL8G.7LTGK¶L&L> ELT M&LL*3L PL;
2012 at 10 8, Underhill Road, Sheet and Profit & Loss
UI &L ET6ÇI¶L-7LJ2EL8ZTU> ET GZ $L4BE ET ZT<LL *LKIG\L3L a.m. Civil Lines, Delhi Account of the Bank for
$LUT*LXPL;HV WB.KGHZKLT.>GMGPZ 3LRZV*LL3L'LLZL)LPHLGV<LL3LT -110054 year ended 31.03.2012
ZLC;6M>GOkI *LKGPQLKGP&LL;>WVR&LLTOV PB and to declare Annual
W*LVLVLWL4KPLLEZL)LLBLEI Dividend.
LLTLLLEKVL"
EGM Monday, PNB Auditorium, To seek approval of the
C;UI &L MLT&LPLK&LLQ;> *LI V$LIWL8G.7LTGK¶L&L> M4$LI WLC;MI.IWLK
GPGV&L¶LV March 4, Central Staff College, shareholders for issuing
ET6ÇI¶L-7L¾2EL8ZTU> EIL3LL;VMR LKWGÉL&LLVWLÉLLK 2013 at 11 8, Underhill Road, and allotting 1,42,94,713
a.m. Civil Lines, Delhi equity shares to Govt. of
$LUT*LXPL;HV WB.KGHZKLT.>GMGPZ *LK)LLK3LMKELKELT>>> -110054 India on preferential basis
ZLC;6M>GOkI CG%P7I LT¶LK ULKI EKVT WL4K in terms of SEBI (ICDR)
WL$LB7V ET GZ LT¶LKÉLLKELTB MT Regulations, 2009.
WVR&LLTOVÈL*3LEKVL"
T w e l f t h Saturday, PNB Auditorium, To discuss, approve &
$LLKHPIB LGVPLK>UXV> *LI V$LIWL8G.7LTGK¶L&L> ELT M&LL*3L PL; AGM June 29, Central Staff College, adopt the Audited Balance
UI &L ET6ÇI¶L-7L¾2EL8ZTU> ET GZ $L4BE ET ZT<LL *LKIG\L3L 2013 at 8, Underhill Road, Sheet and Profit & Loss
$LUT*LXPL;HV WB.KGHZKLT.>GMGPZ 3LRZV*LL3L'LLZL)LPHLGV<LL3LT 11a.m. Civil Lines, Delhi Account of the Bank for
-110054 year ended 31.03.2013
ZLC;6M>GOkI *LKGPQLKGP&LL;>WVR&LLTOV PB
and to declare Annual
W*LVLVLWL4KPLLEZL)LLBLEI Dividend.
LLTLLLEKVL"
EGM Monday, PNB Auditorium, To seek approval of the
C;UI &L MLT&LPLK> *LI V$LIWL8G.7LTGK¶L&L> M4$LI WLC;MI.IWLK
GPGV&L¶LV December Central Staff College, shareholders for issuing
GOM&$LK> ET6ÇI¶L-7L¾2EL8ZTU> EI L3LL;VM R LK WGÉL&LLV 16, 2013 8, Underhill Road, and allotting 85,96,530
$LUT*LXPL;ª WB.KGHZKLT.>GMGPZ WLÉLLK *LK )LLK3L MKELK ELT at 11 a.m. Civil Lines, Delhi equity shares to Govt. of
ZLC;6M>GOkI >> CG%P7I LT¶LK ULKI -110054 India on preferential basis
in terms of SEBI (ICDR)
EKVT WL4K WL$LB7V ET GZ
Regulations, 2009.
LT¶LKÉLLKELTB MT WVR&LLTOV ÈL*3L
EKVL" Thirteenth M o n d a y , PNB Auditorium, To discuss, approve
AGM June 30, Central Staff College, & adopt the Audited
3LTKHPIB MLT&LPLK>UXV> *LI V$LIWL8G.7LTGK¶L&L> ELTM&LL*3LPL;ETGZ 2014 at 8, Underhill Road, Balance Sheet and Profit
UI &L ET6ÇI¶L-7L¾2EL8ZTU> $L4E
B ETZT<LL*LKIG\L3L3LRZV*LL3L'LL 11a.m. Civil Lines, Delhi & Loss Account of the
$LUT*LXPL;ª WB.KGHZKLT.>GMGPZ ZL)LPHLGV<LL3LT*LKGPQLKGP&LL;> -110054 Bank for year ended
ZLC;6M>GOkI WVR&LLTOV PBW*LVLVL" 31.03.2014.
EGM Thursday, PNB Auditorium, To seek approval of

C;UI &L $LAH-*LG3LPLK> *LI V$LIWL8G.7LTGK¶L&L> GV&V ET GZ LT¶LKÉLLKELTB EL M a r c h Central Staff College, the shareholders for (i)
&LLQ;> ET6ÇI¶L-7L¾2EL8ZTU> WVR&LLTOVÈL*3LEKVL
GPLTL 19, 2015 8, Underhill Road, raising of capital of the
$LUT*LXPL;ª WB.KGHZKLT.>GMGPZ MBE:*L ET &LLÉ¶L&L MT ¾2*LIWLT! at 10.30 Civil Lines, Delhi Bank by way of FPO/QIP/
ZLC;6M>GOkI %¶LXWLC;*LI!C; M*LI M ¶LL GEMI a.m. -110054 ESPS or any other mode
W6¶L&LLÉ¶L&LMT¶LL3L3MB$LBÉLIGEMI or any combination
W6¶LMB¶LLTUV^LKL$L4E B EI*LXU B I thereof by way of Special
$LLVL"
MT$LI WLC;MI.IWLK
Resolution (ii) issuing
and allotting 4,42,07,317
GPGV¶L&LV> EI L3LL;VM R LK
equity shares to Govt. of
WGÉL&LLVWLÉLLK*LK)LLK3LMKELK India on preferential basis
ET *L\L &LTB >>> CG%P7I in terms of SEBI (ICDR)
LT¶LKLTB ELGVY;&L PBWL$LB7V" Regulations, 2009.
No special resolutions were put through in the above said Annual

N%SPLLEWL&L$L4#ELTB&LTBELTC;GPLTLMBE:*LÈ-3LR3LVHIBGE Y " General Meetings.
.LEMT &L3LLGÉLELKELÈ¶LLTY *LLT-7Z$L4Z7
$L4BEVT TMLELTC; Postal Ballot - Bank has not conducted any business in which
ELKLT$LLKVHIBEKL¶LLH4GUM&LTBGPºLI¶LPL;ETOL4KLV.LE^LKL&L3LOLVEI postal ballot is permitted, during the financial year.
WVR&LG3LOIY¶LIHLT"
223
ÈE7IEKL 6. Disclosures
WÉ¶L\L PB È$LBÉLGVOTLE3L'LLEL¶L;*LLZEGVOTLEET *LLGK+G&LEEL 6.1 The remuneration of the Chairman & Managing Director and
the Executive Directors is fixed by the Government of India.
GVÉLL;KL)LLK3LMKELK^LKLGE¶LLUL3LLH4"$L4BEY4KEL¶L;*LLZEGVOTLELTB The Bank does not pay remuneration to the Non-Executive
ELT$LLT.; W'LPLN*LMG&LG3L¶LLTBEI$L4#ELTB&LTB)LLYZTVTETGZ )LLK3LMKELK Directors except sitting fees fixed by Government of India,
^LKLGVÉLL;GK3LLR:EET WZLPLELTC; W6¶L*LLGK+G&LEVHIB OT3LL"N%S for attending the meetings of the Board or its sub-committees,
LR:EGV&VGZG<L3LH4 which is as under:-
$L4#E È3¶LTE$L4#E&LTB)LLYZTVTETGZ¶LTOT¶LLR:E
Meeting Sitting Fees payable per Meeting (`)
$LLT.; `! Board 10000/-
$LLT.;EIN*LMG&LG3L `! Sub-Committee of Board 5000/-
GPºLPL; ET OL4KLVY4KEL¶L;*LLZEGVOTLELTB ELT )LLYZTVT The Sitting Fee paid to the Non-Executive Directors during the
ETGZ ¾2IMEL)LRY3LLVGV&VP3L_H4 *LXL;ELGZEGVOTLELTBWL4K)LLKS Year 2014-15 is as under: (No sitting fee is payable to whole
time directors and director representing Government of India
MKELK PB )LLGK$L4BEET ÈG3LGVGÉLGVOTLELTB ELT )LLYZTVT ET GZ & RBI):
GEMIÈELKEIJ2IMEL)LRY3LLVVHIBGE¶LLUL3LL
"
¹MB GVOTLEELVL&L )LRY3LLVEIYC;KLGL*L &LTB S. No. Name of the Director Sitting Fee paid (in `)
+I$LI$LIQL4ÉLKI 1 Sh. B. B. Chaudhry 90000
+I &LETWB3LRZT 2 Sh. M. A. Antulay 15000
MR+IWKLÉLVLG&L+L 3 Ms. Aradhana Misra 10000
+IUI*LI<L.TZPLZ 4 Sh. G. P. Khandelwal 175000
+I &L VYLT*LIVL'L 5 Sh. M. N. Gopinath 115000
+I.IETMYZL 6 Sh. D. K. Singla 180000
.L8MRVIZYR*3LL 7 Dr. Sunil Gupta 210000
+IGOZI*LER&LLKMLHL 8 Sh. Dilip Kumar Saha 175000
+I7IMIZLVI 9 Sh. T. C. Jhalani 175000
)LLK3LI¶LGKUP;$L4BE!WLC;MI WLC;ETGOLLGVOT;LLTBETWVRMKL&LTB$L4BEET 6.2 The Related Party Transactions of the Bank as per RBI /ICAI
M&$L*LL7I;ZTVOTVEIG-'LG3LWVRMLK3LRZV*LLET<LL3LLTB guidelines are disclosed in the Notes on Accounts (in Schedule
18) of the Balance Sheet as on 31.03.2015.
ETVLT7_M WVRMXQI
&LTBOLL; Y¶LTH4B"
MTDIGOLLGVOT;LLTBETWVRMLKMBDBGS*L\LETML'LZTVOTVEKVTEI 6.3 Policy on dealing with Related Party Transactions in terms
VIG3L$L4EEIPT$LMLC7https://www.pnbindia.in/new/Upload/En/ of SEBI guidelines is available on Bank’s website at https://
www.pnbindia.in/new/Upload/En/Policy_on_Related_Party_
Policy_on_Related_Party_Transactions.PDF*LKOIY¶LIH4"
Transactions.PDF
GPY3L PLLT ET OL4KLV *LXBUI $LLULK MT MB$LBGÉL3L &LL&LZLTB ET MB$LBÉL&LTB 6.4 No penalties/strictures were imposed on the Bank by SEBI/
MT$LI!-7LE %MQTBULTB ^LKL $L4BE *LK ELTC; O.!)L3M;VL VHIB ZYL Stock Exchanges in respect of matters related to Capital Market
Y H4B" during the last three years.
6.5 cSad dh pkj ?kjsyw vuq"kafx;ka gSa] uker% 6.5 The Bank has four domestic subsidiaries, namely:
i. JI VDIGY:7_MGZ i. PNB Gilts Ltd.

ii. JI VDIHLNGMBYJ2LCVTBMGZ ii. PNB Housing Finance Ltd.
iii. JI VDICBPT-7FTB7MGP;MTMGZ iii. PNB Investment Services Ltd.

iv. PNB Insurance Broking Pvt. Ltd.*
iv. JI VDICBLTKTBMD[LTGEBYJ[LGZ*
*Steps are being taken for winding up of the company as the
*EBJVIETMFLJVETGZ EOFN#LTULKHTH4B%LTBGEEBJVIVT
licence has already been surrendered on 14.02.2011.
ELTZLC;MTBMJHZTHIML4BJGOLH4"
PNB Gilts Ltd. is a listed entity where two of the Directors of
JI VDIGY:7_MGZ EMXQIDMB-'LLH4 UHL D4BEET OLT GVOTLE)LINM the Bank are also Directors on the Board of that Company.
EBJVIETGVOTLEF.ZFTBH4B"
Further, the Bank has three international subsidiaries,
CMETWGSGK%SD4BEEISIVW6SKL;7IWVRLBGYLBH4>VLFS namely:
i. JBULDV4LVZD4BE W6SKL;7I
GZXET i. Punjab National Bank (International) Ltd., UK
ii. .EJI VDID4BEGZ>)LX7LV ii. Druk PNB Bank Ltd., Bhutan.
iii. UT MMI MDIJI VDI>EULG<L-SLV iii. JSC SB PNB, Kazakhstan.
224
okf"kZd fjiksVZ
MBQLK&LLÉ¶L&L 7. Means of Communication

$L4BE ET *LGKQLZVL3&LE PB GPºLI¶L EL¶L; GV*LLOV EI ULVELKI The information about the operational and financial performance
GV¶LG&L3LWLÉLLK*LKGH3LÉLLKELTBELTOIUL3LIH4"GPºLI¶L*LGKLL&LM&LLQLK of the Bank is disseminated on a regular basis to its stakeholders.
*LLLTB&LTBÈELGL3LGE ULVTETML'LML'L-7L8E %MQTBU V MC;P The financial results are submitted to the Stock Exchanges (NSE
& BSE) besides being published in newspapers. Financial results,
$LI MC;
&LTB)LIU&LLGE¶LTUL3LTH4B"GPºLI¶L*LGKLL&LEL8*LLT;KT7GP,L*LV
corporate advertisements and notices etc. are published in any
WL4KMXQVL BC3¶LLGOGE6HIBOLT WBY[TUIPGH6OI
W3¶LGÉLE*LGKQLZV 2 (English and Hindi) of the widely circulated newspapers viz.
PLZT M&LLQLK *LLLTB &LR<¶L3L 7LC;&M WL8¾2 CBG.¶LL> GH6OR-3LLV 7LC;&M> Times of India, Hindustan Times, Business Standard, Financial
G$LuLV4M-746..;>¾2LCV4BGL¶LZ %MÈTM>CEVL8G&L%M7LC;&M>VP)LLK3L Express, Economic Times, Navbharat Times, Hindustan,
7LC&M> GH6OR-3LLV> G$LuLV4M -746..; GH6OI
> O4GVE ULYKL WL4K Business Standard (Hindi), Dainik Jagran and Jansatta.
UVMºLL&LTBÈELGL3LGE UL3LTH4B"
The quarterly/annual financial results and presentations made
G3L&LLHI!PLLEGPºLI¶L*LGKLL&LWL4KMB-'LLY3LGVPTLELTB!GPZTLELTBELT to institutional investors/analysts are placed on the website of
$L3LL¶LTY¶LTÈTUTB7TLVLTBELT$L4BEEIP4$LMLC7 www.pnbindia.in
*LK the Bank (www.pnbindia.in).
OLL;¶LLUL3LLH4"CMET WZLPL>GPºLI¶L*LGKLL&LLTB ELT GH3LÉLLKELTB ELT Further, the financial results are also communicated to
È7 PBCZ4%7L8GVE&LIG.¶LLET&LLÉ¶L&LMTM&LLQLKGP,G*3L¶LLTB^LKL)LI the stakeholders through news releases through print and
MXGQ3LGE¶LLUL3LLH4" electronic media.
PLLEGK*LLT7;$L4BEEIP4$LMLC7*LK)LIOIUL3LIH4" The Annual Report is also hosted on the Bank’s website.
WL&LLT¶LKÉLLKELTBETGZ MXQVL 8. General Shareholders’ Information

$L4BEETLT¶LKÉLLKELTBEIPIBPLLEWL&L$L4#E 8.1 14th Annual General Meeting of the shareholders of the Bank :
$L4#EELEL¶L;¹&LCMÈELKH4 The following is the schedule of meeting:
GOV>G3LG'LPM&L¶L &LBYZPLK>UXV>ELT *LXPL;ª Day, Date & Time : Tuesday, June 30th 2015
$LUT at 10.00 a.m.
-'LLV *LI V$LIWL8G.7LTGK¶L&L>ET6ÇI¶L-7L¾2 Venue : PNB Auditorium, Central Staff

College, 8, Underhill Road, Civil
EL8ZTU> > WB.KGHZ KLT.> GMGPZ Lines, Delhi – 110 054
ZLC;6M>GOkI
GPºLI¶LE4ZT.KETGZ M&)LLGP3L
8.2 Financial Calendar (Tentative) for 2015-16
GV&VLBGE3LM&LL*3LWPGÉL!G3L&LLHIGPºLI¶L*LGKLL&LLTBELWVR&LLTOV Approval of financial results for the quarter/period ending -
UXV>ELTM&LL*3LG3L&LLHI WY-3L>> Q. E. June 30, 2015 - By August 14, 2015.

GM3L&$LK>ELTM&LL*3LG3L&LLHI VP&$LK>> Q. E. September 30, 2015 - By November 14, 2015
GOM&$LK>ELTM&LL*3LG3L&LLHI ¾2KPKI>>
Q. E. December 31, 2015 - By February 14, 2016
&LLQ;>>ELTM&LL*3LG3L&LLHI!PL; ZT<LL*LKIG\L3L
ZT<LT&LC;> Q./Year ending March 31, 2016 - Audited Accounts by
3LE May 30, 2016
ZL)LLBLHT3LR$LHI<LL3LT$LBOEKVTEIG3LG'L PLLEZL)LLBLGPºL 8.3 Dates of Book Closure - F.Y. 2014-15 & 14th AGM:
PL;PPIBWL&L$L4#E
MT From 24.06.2015 to 30.06.2015 (both days inclusive)
3LE OLTVLTBGOVLLG&LZ

ZL)LLBLEL$¶LL4KLGPºLI¶LPL;ETGZ 8.4 Dividend details – Financial Year 2014-15
ZL)LLBL $L4BEETGVOTLE&LB.ZVTW*LVIGOVLBE Dividend: - The Board of Directors of the Bank in its meeting
ELT WL¶LLTGU3L$L4#E&LTB GPºLPL; ET GZ held on 08.05.2015 has recommended Annual
Dividend for 2014-15 @ `3.30/- per Equity Share
!ETÈ3¶LTECG%P7ILT¶LK*LK`!ÈG3LLT¶LK of `2/- each (i.e. 165%).
W'LL;3L
ZL)LLBLEI LLTLLLEIH4"
225
i
-7L8E %MQTBULTB*LKMXQIEKL 8.5 (i) Listing on Stock Exchanges:
The shares of the bank are listed on the following Stock
$L4BEETLT¶LKGV&VGZG<L3L-7L8E %MQTBULTB&LTBMXQI$LH4B
Exchanges :
-7L8E %MQTBU -7L8EELT. MXQIEKLEI Stock Exchange Stock Code Date of Initial Listing
WLKG&)LEG3LG'L National Stock Exchange of PNB 24.4.2002
V4LVZ-7L8E %MQTuB LWL8¾2CBG.¶LLGZ V MC;
*LI V$LI India Ltd. (NSE)
Bombay Stock Exchange 532461 25.4.2002
$LL&$LT-7L8E %MQTBUGZG&L7T.> $LI MC;
Ltd. (BSE)
ii
MXQIEKLLR:E3L'LLWG)LK\LLLR:EEL)LRY3LLV (ii) Payment of Listing Fee and Custodian charges
V MC;3L'LL$LI MC;ELTPLLEMXQIEKLLR:E3L'LL V M.I Z The annual listing fee to NSE & BSE and annual custody
charges to NSDL & CDSL have been paid upto date.
WL4KMI.I M ZELTPLLEWG)LK\LLLR:EW]3LVWOLH4"
$L4BEETLT¶LKLTBET$LLULK&LX:¶L
WL8BE.T!EL¶L;GV*LLOV 8.6 Market Price (`) Data / Performance of Bank’s shares*
V MC; $LI MC; MB¶LR%S&LLLL NSE BSE COMBINED
&LLH N1Q 6¶LXV &LLLL N1Q 6¶LXV

&LLLL &LLLL Month HIGH LOW VOLUME HIGH LOW VOLUME VOLUME
WÈ4Z> April-14 805.25 735.00 29046152 805.00 734.60 3253060 32299212
&LC; May 1037.85 776.05 40248024 1035.05 775.65 4847934 45095958
UXV June 1023.50 946.65 21265549 1021.25 946.60 2707241 23972790
URZLC; July 996.50 874.50 22879348 994.75 874.25 2728098 25607446
WY-3L August 984.45 904.35 17132534 984.40 902.90 2009991 19142525
GM3L&$LK September 999.65 870.10 21211473 998.65 869.65 2447499 23658972
W%7X$LK October 955.45 876.20 18757802 956.40 875.50 2305492 21063294
VP&$LK November 1072.30 922.55 19577944 1076.95 922.90 2184805 21762749
GOM&$LK December 1121.95 1071.85 54227684 1121.00 1071.50 7541734 61769418
UVPKI> ** ** ** ** ** ** Jan.15 219.80** 189.65** 98632816** 219.60** 189.90** 14415101** 113047917
¾2KPKI ** ** ** ** ** ** February 191.80** 159.55** 143834766** 192.00** 159.75** 21160942** 164995708
&LLQ; ** ** ** ** ** ** March 169.25** 144.40** 99962099** 169.30** 144.40** 15443071** 115405170
ERZ TOTAL 586776191 81044968 667821159
*°LT3L V MC;!$LI MC;P4$LMLC7(www.nseindia.com / www.bseindia.com) *Source - NSE/BSE website (www.nseindia.com / www.bseindia.com)
** Post split of Face Value of Bank’s shares from ` 10/- to ` 2/-
**GP)LLUVET$LLO$L4BEETLT¶LKELWBGE3L&LX:¶L `!MT`!HLTY¶LLH4"
PL; ET OL4KLV>$L4BEET LT¶LKEL&LX:¶L6¶LXV3L&L *LXP; The share of the Bank traded between a low of `144.40 (ex-split)
GP)LLGU3L
3L'LLWGÉLE3L&L MHGP)LLUV
*LXP; and high of `1121.95 (cum-split) (adjusted `224.39 ex-split) and
GP)LLGU3L`M&LL¶LLTGU3L
3L'LL V MC;WL4K$LI MC;&LTBELKLT$LLK total volume traded at NSE & BSE was 66.78 crore shares as against
EIERZ&LLLLEKLT.LT¶LKKHIU$LGE¾ZLT7Y-7L8E the floating stock of 74.45 crore shares.
EKLT.LT¶LKKHL"
During the year, face value of Bank’s shares was split from ` 10/-
PL;ETOL4KLV$L4BEETLT¶LKELWBGE3L&LX:¶L`!MTGP)LLGU3LEKET to ` 2/- per share. The Record Date for the purpose of split in face
`!ÈG3LLT¶LKEKGO¶LLY¶LL'LL"WBGE3L&LX:¶L&LTBGP)LLUVEKVTEI value was 19th December 2014.
GKEL.;G3LG'LGOM&$LK>'LI"
$L4BEGV¾7IEI3LRZVL&LTB$L4BEETLT¶LKELGV*LLOVY[LJ2ET*L 8.7 Performance of Bank’s share price in comparison with Bank
&LTBGV&VP3L_OLL;¶LLY¶LLH4 Nifty.
$L4BEETLT¶LKEI3LRZVL&LTB$L4BEGV¾7IELY[L¾2ET*L&LTBGV*LLOV The graphical depiction of performance of Bank’s share vis-à-
vis Bank Nifty is given below:
GV&VWVRMLKKHL
$L4
BEGV¾7I

JI VDI

226
okf"kZd fjiksVZ
ÈG3LLT¶LKWLBE.L 8.8 Per Share Data:

*L¶LT
(`) 2012-13 2013-14 2014-15
WBGE3L&LX:¶L `
! ! ! Face Value (`) 10/- 10/- 2/-
Closing as on 31st March -NSE(`) 717.90 743.90 144.40
&LLQ;EIG-'LG3LWVRMLK V MC; `
Earnings (`) 139.52 93.91
WL¶L `
Adjusted earnings for Face Value of 27.90 18.78 16.91
`!ETWBGE3L&LX:¶LHT3LRM&LL¶LLTGU3LWL¶L `2/- per share
ZL)LLBLETÈ3¶LTECG%P7ILT¶LK*LK Dividend per Equity Share of ` 10/- each 27.00 10.00 3.30
ETGZ `!
(`2/- for 2014-15)
Dividend (%) 270.00 100.00 165.00
ZL)LLBL
Book Value (`) 884.03 952.50
$LHI&LX:¶L `
Adjusted book value for Face Value of 176.81 190.50 203.24
`!ETWBGE3L&LX:¶LHT3LRM&LL¶LLTGU3LWL¶L `2/- per share
ÈOºLZL)LLBL LRZL)LEL
Dividend payout (% of Net Profit) 20.10 10.83 20.00
LT¶LKW63LKL UTB7 M7I

8.9 Share Transfer Agent (STA)
$LI7Z¾2LCV4BGL¶LZ B.E&*L¶LX7KMPMuL ÈL
GZULTGEMT$LI&LTB Beetal Financial & Computer Services (P) Ltd., a SEBI registered
*LBUI²3LWL4KLT¶LKWB3LKL UTB7H4B>$L4BEET LT¶LKWB3LKL UTB7ET Registrar and Share Transfer Agent has been appointed Share
Transfer Agent of the Bank with effect from 01.01.2013.
*L&LTBMTGV¶LR%SGE Y H4B"M&*LE;GPPKLVIQTGO Contact details are given below:
Y H4B
Beetal Financial & Computer Services (P) Limited (Unit: PNB)
$LI7Z¾2LCV4GB L¶LZ B.E&*L¶LX7KMPMuL ÈL
GZ ¶LXGV7*LI V$LI
‘Beetal House’, 3rd Floor
?$LI7ZHLNM>3LA3LI¶L3LZ 99, Madangir, Behind Local Shopping Centre
>&LOVYIK>-'LLVI¶LLL8*LYMT67KET*LI/T New Delhi 110062
VC;GOkI
Tel. No. 011-29961281/82/83, Fax: 011-29961284
7TZIVB!!>¾24%M
C;&LTZbeetal@beetalfinancial.com e-mail: beetal@beetalfinancial.com
i
&LX3L; *L&LTB K<LT Y¶LT LT¶LKLTB ET GZ LT¶LKWB3LKLÈLLZI 8.10 (i) Share Transfer System and communication mechanism
for shares held in physical form
WL4KMBQLK3LL
Shareholders holding shares in physical form may send
&LX3L;*L&LTB LT¶LKLTB ETLT¶LKÉLLKELTB MTWVRKLTÉLH4GEPTLT¶LKLTB ET requests/communications for transfer/transmission of
W63LKL>LT¶LKLTB ETÈTLL>W*LVT*L3LT&LTB *LGKP3L;V>7TZI¾2LTV!&LLT$LLCZ shares, change of address (with Telephone / Mobile
V&$LK> C;&LTZ WL4K $L4E B WGÉLOTL $L4E B EL VL&L> *L3LL <LL3LL Numbers), E-mail address, change in Bank mandate (i.e.
MB<¶LL>&LLCEKELT.C3¶LLGO
WL4KC;¹TG.7WGÉLOTLC3¶LLGOET Name of Bank, Address, Account No., MICR Code etc.),
MB$LBÉL&LTB LT¶LKW63LKL UT7ELTMIÉLTN%S*L3LT ¹&LMB e-Credit mandate etc. directly to STA at the above address
&LTB GO Y
*LKMXGQ3LEKT"B CMMTM)LIMBOT LLTB 3L'LLZL)LELKI (given at S. No. 8.9). This will ensure timely receipt of all
GH3LLTB EI#IE PBM&L¶L*LKÈLG*3LMRGVG1L3LHLTMETYI" communications & beneficial interests by them.
ii
$L4BEEILT¶LKWB3LKLMG&LG3LETWVR&LLTOVET$LLOLT¶LKWB3LKL (ii) The transfer of physical shares is affected by the STA
UT67 ^LKL GVÉLL;GK3L M&L¶L ET )LI3LK &LX3L; LT¶LK W63LGK3L EK within the stipulated time on approval by Share Transfer
GO¶LTUL3LTH4B" Committee of the Bank.
.I&LT7*L&LTBK<LTY¶LTLT¶LKLTBETGZ LT¶LKWB3LKLÈLLZIWL4K 8.11 Share Transfer System and communication mechanism for
shares held in Demat form.
MBQLK3LBL
(i) The Bank’s shares are traded compulsorily in Demat
i
$L4BEETLT¶LKLTBELELKLT$LLKWGVPL¶L;3L.I&L47*LMTWLC; MWLC; V mode under ISIN code INE160A01022. The National
EX7WLC; VC; ETWB3LY;3LGE¶LLUL3LLH4"OIV4LVZ Securities Depository Ltd, (NSDL) and the Central
GM%¶LXGK7IuL G.*LLGU7KI GZ V M .I Z
3L'LL M467Z Depository Services Ltd. (CDSL) are the depositories
G.*LL8GU7KIMPMTUGZG&L7T. MI.I M Z
G.*LL8GU7KI&LTB$L4BE holding the Bank’s share in Demat form.
ETLT¶LK.I&L47*L&LTBK<LTY¶LTH4B"
(ii) Shareholders are requested to inform their Depository
ii
LT¶LKÉLLKEGUVET*LLMLT¶LK.I&L47*L&LTB H4B NVMTWVRKLTÉLH4GEPT Participant (DP) directly for updating the records in case
W*LVT*L3LTW'LPLWL4K!¶LL$L4EB WGÉLOTL $L4EB ELVL&L>*L3LL><LL3LL of any change in address and/or Bank mandate (Name of
MB&LLC;EKELT.C3¶LLGO
&LTB *LGKP3L;VETMB$LBÉL&LTB GKEL8.; W*L.T7 Bank, Address, Account No, MICR Code etc.), for shares
EKVTETGZ MIÉLTW*LVTG.*LLGU7KIMH¶LLTYIELTMXGQ3LEKT"B held in Dematerialized form.

CZ4%7LGVEPLT7YLT¶LKÉLLKELTB MT WVRKLTÉLH4 GEPT W*LVL 8.11 (A) Electronic Voting: Shareholders are requested to
VPIV3L&L C;&LTZ WLC;.I W*LVT G.*LLGU7KI MH)LLYI ¶LL M7I > register their latest email ID with their Depository
227
U4MI)LIG-'LG3LHLT>ETML'L*LBUI²3LEKPLZTB3LLGEC;PLT7Y Participant or STA, as the case may be, for enabling
MRGPÉLLEIWLP¶LE3LL*L.VT*LKPHCMETGZ M\L&LHLTB" e-voting facility.
*LI V$LI WOLPL²3L LT¶LK NQB3L

<LL3LT MT$LI GVOT;LLTB ET 8.12 PNB-Unclaimed Shares (Suspense) A/c: The details of
unclaimed shares as per SEBI directive is as under:-
WVRMLKWOLPL²3LLT¶LKLTBEL$¶LL4KLGV&VGZG<L3LH4
¾2*LIWLT
WLC;*LIWLT
ERZ FPO (2005) IPO (2002) TOTAL
¹MB GPPKL LT¶LKÉLLKELTB LT¶LKLTB LT¶LKÉLLKELTB LT¶LKLTB LT¶LKÉLLKELTB LT¶LKLTB S. Particulars No. of No. of No. of No. of No. of No. of
EIMB<¶LL EIERZ EIMB<¶LL EIERZ EIMB<¶LL EIERZ No. Share- Shares Share- Shares Share- Shares
MB<¶LL MB<¶LL MB<¶LL holders holders holders
PL;ETÈLK&)LW'LL;3L_ 1 Opening at the beginning 363 12347 60 6900 423 19247
ELT$LEL¶LL `! of the year i.e. 01.04.2014
È3¶LTE
(Rs. 10/ each)
WBGE3L&LX:¶L&LTBGP)LLUVET 2 Balance after split in Face 363 61735 60 34500 423 96235
*L1LL3LLTL È3¶LTE`!
Value (Rs. 2/ each)
PL;ETOL4KLVLT¶LKWB3LKL 3 No. of shareholders 5 815 1 500 6 1315
ETGZ WL LT¶LKÉLLKELTB approached for transfer of
shares during the year
EIMB<¶LL
4 No. of shareholders 5 815 1 500 6 1315
PL;ETOL4KLVLT¶LKÉLLKELTBEI
to whom shares were
MB<¶LLGUVETLT¶LKWB3LGK3L transferred during the year
GE Y 5 Outstanding at the end 358 60920 59 34000 417 94920
PL;ETWB3LW'LL;3L_ of the year i.e. 31.03.2015
ELT$LEL¶LL
(1-3)
* È&LLGL3LGE¶LLUL3LLH4GECVLT¶LKLTB*LKPLT7YWGÉLELK3L$L3LE»IuLKHTYLU$L3LEEICVLT¶LKLTBELWMZI * Certified that voting rights on these shares remains frozen till the rightful owner claims the said
-PL&LIOLPLVHIBEK3LL" shares.
&LLQ;>EIG-'LG3LWVRMLKLT¶LKÉLLGK3LL3L'LLGP3LKL*L47V; 8.13 Shareholding and Distribution Pattern as on 31st March 2015
(i) LT¶LKÉLLGK3LL*L47V; (i) Shareholding Pattern

LT¶LKÉLLKELTBEI+TLI ÉLLGK3LCG%P7ILT¶LKLTBEIÈG3LL3L3LL Shareholders’ Category %age Equity shares held
)LLK3LETKLr*LG3L President of India 59.86
¾2WLC;WLC;! VWLKWLC;!WLTMI$LI FIIs/NRIs/OCBs 16.25
$L4BE!GPºLI¶LMB-'LL B!$LI&LLE&*LGV¶LLB Banks/Financial Institutions/ Insurance 13.00
Companies
&¶LRQRWZ¾2.
Mutual Funds 5.41
LKTZXE&*LGV¶LLB!7-7 Domestic Companies/Trusts 0.95
)LLK3LI¶LUVMLÉLLKL!GVPLMIUV0G%SYS Indian Public/Resident Individuals 4.44
%ZI¶LKYMO-¶L Clearing Members 0.09
ERZ Total 100.00
(ii)EIG-'LG3LWVRMLKLT¶LKÉLLKELTB EIMB<¶LL (ii) No. of shareholders as on 31.03.2015 313318
(iii) È3¶LTECG%P7ILT¶LKELMLBETG3LE&LX:¶L `
! (iii) Nominal value of each Equity Share (`) 2/-
(iv)GP3LKL*L47V; (iv) Distribution Pattern
LT¶LKÉLLKELTBEI ERZEI LT¶LKLTBELMLBETG3LE CG%P7ILT¶LKLTB KLGL
ERZEI No. of % age Shareholding of No. of Amount (`) %age to
MB<¶LL ÈG3LL3L3LL &LX:¶L
EIMB<¶LL ÈG3LL3L3LL Shareholders of Nominal Value Equity Shares Total
Total of (`)
3LE
309930 98.92 Upto 5000 68042314 136084628 3.67
MT 2137 0.68 5001 to 10000 7523903 15047806 0.41
MT 508 0.16 10001 to 20000 3682307 7364614 0.20
MT 142 0.05 20001 to 30000 1748047 3496094 0.09
MT 75 0.02 30001 to 40000 1325679 2651358 0.07
MT 53 0.02 40001 to 50000 1208220 2416440 0.07
MT 122 0.04 50001 to 100000 4357091 8714182 0.23
WL4KWGÉLE 351 0.11 100001 and above 1766669386 3533338772 95.26
ERZ Total: 313318 100.00 1854556947 3709113894 100.00
ETWVRMLKLT¶LKÉLLKELTB^LKL&LX3L;*L&LTB3L'LL.I&LT7*L&LTB Details of shares held by the Shareholders in Physical &

ÉLLGK3LLT¶LKLTBELGPPKL Dematerialized form as on 31.03.2015
¹M GPPKL LT¶LKÉLLKELTBEIMB<¶LL LT¶LKLTBEIMB<¶LL LT¶LKÉLLGK3LLELÈG3LL3L S.No. Particulars No. of Shareholders No. of Shares % Shareholding
&LX3L;*L&LTB 1. Physical 9312 7480645 0.40
.I&L47*L&LTBGUV&LTBMT 2. Dematerialized 304006 1847076302 99.60
i) V M.I Z i) of which, NSDL 216822 715692946 38.59
ii) MI.I M Z ii) CDSL 87184 1131383356 61.01
ERZ
Total (1+2) 313318 1854556947 100.00
228
okf"kZd fjiksVZ
GPºLI¶LPL; ET OL4KLV>$L4BEVT `!ÈG3LCG%P7ILT¶LKET WBGE3L&LX:¶L During the Financial Year, Bank allotted 4,42,07,317 Equity
ET ` ET ÈIG&L¶L&L *LK >>> CG%P7I LT¶LK )LLK3L MKELK Shares to Govt. of India of `2/- each on preferential basis at a
ELT WGÉL&LLV WLÉLLK *LK WL$LBG73L GE¶LT GUMET ¾2Z-P*L $L4BE ELT premium of `194.80 per Equity Share and the amount received by
the Bank on this account is `869,99,99,985.60.
`>>>EIKLGLÈL*3LHRC;"
EIG-'LG3LWVRMLK)LL4YLTGZEWLÉLLK*LKLT¶LKÉLLKELTB 8.14 Geographical spread of Shareholders as on 31.03.2015

EIG-'LG3L
CZ4%7L8GVE &LX3L;*L&LTB ERZ ELECTRONIC PHYSICAL TOTAL
LHKELVL&L LT¶LKÉLLKE ÈG3LL3L LT¶LK ÈG3LL3L LT¶LKÉLLKE ÈG3LL3L LT¶LK ÈG3LL3L LT¶LKÉLLKE ÈG3LL3L LT¶LK ÈG3LL3L City Name Holder Per % Shares per% Holder Per% Shares Per% Holder Per% Share Per%
WH&LOL$LLO AHMEDABAD 12343 4.06 3228979 0.17 60 0.64 36000 0.48 12403 3.96 3264979 0.18
$L4BYZLTK BANGALORE 12855 4.23 3067863 0.17 222 2.38 187765 2.51 13077 4.17 3255628 0.18
Q4£C; CHENNAI 11864 3.90 7126760 0.39 440 4.73 390115 5.21 12304 3.93 7516875 0.41
GOkI DELHI 27529 9.06 1122331802 60.75 847 9.10 679970 9.09 28376 9.06 1123011772 60.55
H4OKL$LLO HYDERABAD 7264 2.39 3069600 0.17 180 1.93 158000 2.11 7444 2.38 3227600 0.17
ELTZEºLL KOLKATA 14943 4.91 5667172 0.31 298 3.20 268855 3.59 15241 4.86 5936027 0.32
&LR&$LC; MUMBAI 40561 13.34 658288360 35.64 587 6.30 466700 6.24 41148 13.13 658755060 35.52
VMIWLKW6¶L NCR OTH 8862 2.92 2799277 0.15 234 2.51 191035 2.55 9096 2.90 2990312 0.16
W6¶L OTHER 167785 55.19 41496489 2.25 6444 69.21 5102205 68.22 174229 55.61 46598694 2.51
ERZ TOTAL 304006 100 1847076302 100 9312 100 7480645 100 313318 100 1854556947 100
GPºLI¶LPL; ET OL4KLV$L4BEVT ELTC; )LIUI.IWLK! .IWLK! 8.15 Bank has not issued any GDRs/ADRs/Warrants or any
PLKB7 W'LPL ELTC; )LI *LGKP3L;VI¶L GPZT<L ULKI VHIB GE¶LL H4 3L'LL convertible instruments during the financial year 2014-15
ELT ELTC; UI.IWLK! .IWLK!PLKB7 ¶LL ELTC; *LGKP3L;VI¶L and there are no outstanding GDRs/ADRs/Warrants or any
GPZT<L$LEL¶LLVHIBH4" convertible instruments as on 31.03.2015.
*LLLQLKEL*L3LL 8.16 Address for Correspondence
(i) E&*LVIMGQP i. The Company Secretary
*LBUL$LV4LVZ$L4BE Punjab National Bank
LT¶LKGP)LLY>GPºLÈ)LLY Share Department, Finance Division
5, Sansad Marg, New Delhi 110001
>MBMO&LLY;>VC;GOkI
ii. Tel. No. 011- 23708257
(ii) OXK)LLLMB
iii. Fax : 011-23766079,
(iii) ¾24%M
iv. e-mail : hosd@pnb.co.in
(iv) C;&LTZ hosd@pnb.co.in
²3LT*LBUL$LV4LVZ$L4BE For Punjab National Bank
YL4KILBEK
(Gauri Shankar)
È$LBÉLGVOTLE PB&LR<¶LEL¶L;*LLZEWGÉLELKI Managing Director & CEO
229
LLTLLL Declaration
$L4BE VT M)LI $LLT.; MO-¶LLTB 3L'LL PGK# È$LBÉLV PY; ET WGÉLELGK¶LLTB ET The Bank has laid down a Code of Conduct for all the Board
Members and Senior Management Personnel of the Bank, which is
GZ WLQLK MBGH3LL 3L4¶LLK EI H4 GUMT $L4BE EI P4$LMLC7 W'LL;3L posted on the website of the Bank i.e. https://www.pnbindia.in/En/
https://www.pnbindia.in/En/ui/Model-code-of-conduct.aspx *LK ui/Model-code-of-conduct.aspx
OLL;¶LLY¶LLH4"
$LLT.; ET M)LI MO-¶LLTB 3L'LL PGK# È$LBÉLV VT -7L8E %MQTBU ET ML'L The Board Members and Senior Management have affirmed
MXQIEKL EKLK ET <L. i
.I
ET WVRMLK WLQLK MBGH3LL ET compliance to the Code of Conduct in accordance with Clause
49 (I) (D) of the Listing Agreement entered into with Stock
WVR*LLZVEI*LRGrEIH4" Exchanges.
²3LT*LBUL$LV4LVZ$L4BE For Punjab National Bank
Place: New Delhi (Gauri Shankar)
GOVLBE J[DB GVOTLE PB&LR<¶LEL;JLZEWGÉLELKI Date: 08/05/2015 Managing Director & CEO
230
okf"kZd fjiksVZ
ZT<LL*LKI\LELTBELÈ&LLL*LL Auditors’ Certificate

*LBUL$LV4LVZ$L4BEETMO-¶LYL To the members of Punjab National Bank
H&LVT $L4BEET LT¶LK$LLULKET ML'LHR MXQI$LWVR$LBÉLET <LB. We have examined the compliance of conditions of Corporate
Governance by Punjab National Bank for the year ended 31st
&LTB ¶L'LLGVOr &LLQ; ELT M&LL*3L HR PL; ET GZ¶LT GVYG&L3L
March 2015, as stipulated in Clause 49 of the Listing Agreement of
LLMVEIL3LLT EL*LULB$LV4LVZ$L4BE^LKLWVR*LLZVGE ULVT EI the Bank with Stock Exchanges.
ULQEIH4"
GVYG&L3LLLMVEIL3LLTETWVR*LLZVEIGU&&LTOLKIÈ$LBÉLVEIH4"H&LLKI The compliance of conditions of Corporate Governance is the
responsibility of the Management. Our examination was limited to
ULBQ GVYG&L3L LLMV EI L3LLT ET WVR*LLZV ET MRGV1L¶L HT3LR $L4BE ^LKL procedures and implementation thereof, adopted by the Bank for
WBYI²3LEL¶L;*LG3L¶LLTB3L'LLNVETG¹¶LL6P¶LV3LEHIMIG&L3LH4" ensuring the compliance of the condition of Corporate Governance.
¶LHV3LLT ZT<LL*LKI\LLH4 WL4KVHI$L4BEEIGPºLI¶LGPPKGL¶LLTB *LKKL¶L It is neither an audit nor an expression of opinion on the financial
statements of the Bank.
EIWG)L0¶LG%SH4"
In our opinion and to the best of our information and according to
H&LLKIKL¶L&LTB 3L'LLH&LTB OIY¶LIMXQVL PB H&LTB GO¶LT Y¶LT -*LrIEKLLTB the explanations given to us, we certify that the Bank has complied
ETWVRMLKH&LÈ&LLGL3LEK3LTH4BGE$L4BEVTN*L¶LR;%SMXQI$LEKLK with the conditions of Corporate Governance as stipulated in
&LTB ¶L'LLGVOrGVYG&L3LLLMVEIL3LLT ELCMMI&LL3LEWVR*LLZV the above mentioned Listing Agreement to the extent these do
not violate the Banking Regulation Act, 1949 and the Banking
GE¶LLH4GENVMT)LLK3LI¶LGKuLP;$L4BEET&LLY;GVOT;LLTBELNkB LVVHIB Companies (Acquisition and Transfer of Undertakings) Act, 1970,
HLT3LLH4" as amended in respect of appointment of Directors.
H&L¶LH)LIMXGQ3LEK3LT H4B GECMÈELKELWVR*LLZVV3LLT $L4BEEI We further state that such compliance is neither an assurance as to
the future viability of the Bank nor the efficiency or effectiveness
)LLPI0¶LPHL¶L;3LLWL4KVHIÈ$LBÉLV^LKL$L4BEELEL&LELUQZLVT&LTBNMEI
with which the management has conducted the affairs of the Bank.
O\L3LLW'LPLÈ)LLPLIZ3LLETÈG3LELTC;WLPLMVOT3LLH4"
²3LT3L'LLGV&VEIWLTKMT For and on behalf of
&L4MM;ET VYR7YRG7¶LL B.E&*LVI &L4MM;MIPIET B. MLTGM 7M M/s K N Gutgutia & Co. M/s CVK & Associates
Chartered Accountants Chartered Accountants
MVOIZT<LLELK MVOIZT<LLELK (FRN 304153E) (FRN 101745W)
¾2WLK VC; ¾2WLK V.$:¶LX
$LIWLKYLT¶LZ
ETÈÉLLV
(B R Goyal) (A K Pradhan)
MLTOLK MLTOLK Partner Partner
MO-¶L3LLMB Membership No. 012172 Membership No. 032156
MO-¶L3LLMB
&L4MM;K&LTLE*LXK B.E&*LVI &L4MM;/LUTO B.OLTLI M/s Ramesh Kapoor & Co. M/s Chhajed & Doshi
MVOIZT<LLELK MVOIZT<LLELK (FRN 001477N) (FRN 101794W)
¾2WLK V V ¾2WLK V.$:X
K&LTLE*LXK
FJI/LUTO
(Ramesh Kapoor) (M.P. Chhajed)
Membership No. 080725 Membership No.049357
MO-¶L3LLMB MO-¶L3LLMB
&L4MM;WLKOTP6T ÇER&LLK B. MLTGM 7_M &L4MM;HT&LMBOI*L B.E&*LVI M/s R Devendra Kumar & Associates M/s Hem Sandeep & Co.
MVOIZT<LLELK MVOIZT<LLELK (FRN 114207W) (FRN 009907N)
¾2WLK V.$:X
¾2WLK V V
VIKUYLTZLM
FVILYR*SL
(Neeraj Golas) (Manish Gupta)
Membership No.074392 Membership No.092257
MO-¶L3LLMB MO-¶L3LLMB
-'LLVVC;GO:ZI Place: New Delhi
GOVLBE Date: 08/05/2015
231
GPºLIGPPKL
Financial Statements
*LBUL$LV4LVZ$L4BEEL&LLQ;>EIG-'LG3LWVRMLK3LRZV*LL
BALANCE SHEET OF PUNJAB NATIONAL BANK AS ON 31st MARCH, 2015
ÈLT/LT.GO¶LLY¶LLH4
(`000 omitted)
*LXUIWL4KOT¶L3LL B WVRMXQI ELT ELT
CAPITAL & LIABILITIES Schedule As on As on
31.03.15 31.03.14
*LXUI 1 3709114 3620699

Capital
ÈLKG\L3LGVGÉLWL4KWGÉLLTL 2 387086090 355332490
Reserves & Surplus
U&LLKLGL¶LLB 3 5013786389 4513967466
Deposits
NÉLLK 4 456705459 480344099
Borrowings
W6¶LOT¶L3LL BWL4KÈLPÉLLV 5 172048908 150934399
Other Liabilities and Provisions
ULT.
6033335960 5504199153
TOTAL
WLG-3L¶LL8
ASSETS
VEOIWL4K)LLK3LI¶LGKuLP;$L4BEET*LLMU&LLLTL
Cash & Balances with Reserve Bank of India 6 242249419 222455799
$L4BELTBET*LLMU&LLLTLWL4K&LL8Y3L'LLW:*LMXQVL*LKÈL*¶LÉLV
Balances with Banks & Money at call & short notice 7 317092301 229728656
GVPTL 8 1512823471 1437855016
Investments
WGY[&L 9 3805344052 3492691232
Advances
WQZWLG-3L¶LL8 10 35514756 34197440
Fixed Assets
W6¶LWLG-3L¶LL8 11 120311961 87271010
Other Assets
ULT.
6033335960 5504199153
TOTAL
WLEG-&LEOT¶L3LL B 12 2739453849 2162747790

Contingent Liabilities
NYLHIG$LZ 196406219 203259723
Bills for Collection
È&LR<LZT<LLBEVVIG3L¶LLB 17
Significant Accounting Policies
ZT<LLG7**LGL¶LL 18
Notes on Accounts
MT3LEEIWVRMXGQ¶LLZT<LLTBELWG)L£WBYH4B"
The Schedules 1 to 18 form an integral part of the Accounts.
7IET$LLZ&LRER6OV UTETYR*3LL
T K BALAMUKUNDAN J K GUPTA
MHL¶LE&LHLÈ$L6ÉLE &LHLÈ$L6ÉLE
ASSTT. GENERAL MANAGER GENERAL MANAGER
.L8KL&L MMLBYL*LRKT ETPIKLD[ÄLUIKLP

DR. RAM S SANGAPURE K VEERA BRAHMAJI RAO
EL¶L;*LLZEGVOTLE EL¶L;*LLZEGVOTLE
EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR
234
okf"kZd fjiksVZ
YL4KILBEK
GAURI SHANKAR
È$LBÉLGVOTLE PB&LR<¶LEL¶L;JLZEWGÉLELKI
MANAGING DIRECTOR & C.E.O.
KLUTLWY[PLZ 7IMIZLVI GOZI*LER&LLKMLHL

RAJESH AGGARWAL T C JHALANI DILIP KUMAR SAHA
GVOTLEGVOTLEGVOTLE
DIRECTOR DIRECTOR DIRECTOR
UI*LI<LB.TZPLZ ÈT&LVLKL¶LL
G P KHANDELWAL PREM NARAIN
GVOTLE GVOTLE
DIRECTOR DIRECTOR
H&LLKIWLUEIGK*LLT7;ETWVRMLK\As per our Report of even date
²3LTET VYR7YRG7¶LL B.E&*LVI ²3LTMIPIET B. MLTGM 7_M ²3LTK&LTLE*LXK B.E&*LVI

For K N Gutgutia & Co. For CVK & Associates For Ramesh Kapoor & Co.
MVOIZT<LLELK MVOIZT<LLELK MVOIZT<LLELK
Chartered Accountants Chartered Accountants Chartered Accountants
$LIWLKYLT¶LZMLTOLK
ETÈÉLLVMLTOLK
K&LTLE*LXKMLTOLK
(B R Goyal - Partner) (A K Pradhan - Partner) (Ramesh Kapoor - Partner)

lnLÕk la0 012172] ,IkQvkj,u 304153bZ lnLÕk la0 032156] ,IkQvkj,u 101745 MCYÕkw lnLÕk la0 080725] ,IkQvkj,u 001477,u
M No. 012172, FRN 304153E M No. 032156, FRN 101745W M No. 080725, FRN 001477N
²3LT/LUTO B.OLTLI ²3LTWLKOTPT6ÇER&LLK B. MLTGM 7_M ²3LTHT&LMBOI*L B.E&*LVI

For Chhajed & Doshi For R Devendra Kumar & Associates For Hem Sandeep & Co.
&L*LI/LUTOMLTOLK
VIKUYLTZLMMLTOLK
&LVILYR*3LLMLTOLK
(M P Chhajed - Partner) (Neeraj Golas - Partner) (Manish Gupta - Partner)

MO-¶LMB> *L2WLK V.$:¶LX MO-¶LMB> *L2WLK V.$:¶LX MO-¶LMB> *L2WLK V V
M No.049357 , FRN 101794W M No.074392 , FRN 114207W M No.092257 , FRN 009907N
GOVLBE!!
Date : 08/05/2015
-'LLVVC;GO:ZI
Place : New Delhi
235
*LBUL$LV4LVZ$L4BEEL&LLQ;>ELTM&LL*3LPL;ELZL)LPHLGVZT<LL
PROFIT AND LOSS ACCOUNT OF PUNJAB NATIONAL BANK FOR THE YEAR ENDED
31st MARCH, 2015
(`000 omitted)

WVRMXQI ELTM&LL*3LPL; ELTM&LL*3LPL;
Schedule Year Ended Year Ended
31.03.15 31.03.14
I. WL¶L
INCOME
WU3L$¶LLU 13 463153627 432232542
Interest earned
W6¶LWL¶L 14 58907319 45767113
Other Income
ULT.
522060946 477999655
TOTAL
II. 0¶L¶L
EXPENDITURE
<LQ;GE¶LLY¶LL$¶LLU 15 297597940 270772807
Interest expended
*LGKQLZV0¶L¶L 16 104915477 93382313
Operating expenses
ÈLPÉLLVWL4KWLEG-&LE<LQ; 88931686 80418833
Provisions and Contingencies
ULT.
491445103 444573953
TOTAL
III. ZL)L
PROFIT
WPGÉLETGZ LRZL)L
30615843 33425702
Net Profit for the period
ULT.ZL)LPHLGV<LL3LT&LTBLTL - -
Add: Balance in Profit & Loss A/c
GPGV¶LLTUVETGZ N*LZ$ÉLZL)L
30615843 33425702
Profit Available for Appropriation
IV. GPGV¶LLTUV
APPROPRIATIONS
GV&VGZG<L3LELTWB3LKL
Transfer to :
MLBGPGÉLEÈLKG\L3LGVGÉL¶LL8 7653960 8356426
Statutory Reserves
*LXUIÈLKG\L3LGVGÉL¶LL8 853997 465831
Capital Reserves
KLU-P PBW6¶LÈLKG\L3LGVGÉL¶LL8 9376748 18096102
Revenue & Other Reserves
È-3LLGP3LZL)LLBL 6123169 0
Proposed Dividend
WB3LGK&LZL)LLBL 0 3620699
Interim Dividend
PL;ETGZ È-3LLGP3LZL)LLBL*LKEK 1253699 615338
Tax on Dividend proposed for the year 2014-15
ÈLPÉLLVMTZL)LLBL*LKEKETGZ WB3LGK3LLTL -29834 -28694
Balance Transferred from provision for Tax on Dividend
WL¶LEKWGÉLGV¶L&LETWVRMLKGPLTLÈLKG\L3LGVGÉL 2750000 2300000
Special reserve as per Income Tax Act
GVPTLÈLKG\L3L 2634104
Investment Reserve
ZL)LPHLGV<LL3LT&LTBLTL 0 0
Balance in Profit & Loss Account
ULT.
30615843 33425702
TOTAL
236
okf"kZd fjiksVZ
*LBUL$LV4LVZ$L4BEEL&LLQ;>ELTM&LL*3LPL;ELZL)LPHLGVZT<LL
PROFIT AND LOSS ACCOUNT OF PUNJAB NATIONAL BANK FOR THE YEAR ENDED
31st MARCH, 2015
(`000 omitted)

WVRMXQI ELTM&LL*3LPL; ELTM&LL*3LPL;
Schedule Year Ended Year Ended
31.03.15 31.03.14
ÈG3LLT¶LKWU;V*L¶LLTB&LTB &LXZ!3LVR²3L
16.91 18.78
Earning per Share (`) (Basic/Diluted)
È&LR<LZT<LLBEVVIG3L¶LL 17
Significant Accounting Policies
<LL3LLTBMTMB$LBGÉL3LG7**LGL¶LL 18
Notes on Accounts

YL4KILBEK
GAURI SHANKAR

GVOTLEGVOTLEGVOTLE
GVOTLE GVOTLE
DIRECTOR DIRECTOR

$LIWLKYLT¶LZMLTOLK
ETÈÉLLVMLTOLK
K&LTLE*LXKMLTOLK

237
&L*LI/LUTOMLTOLK
VIKUYLTZLMMLTOLK
&LVILYR*3LLMLTOLK

GOVLBE!!
Date : 08/05/2015
-'LLVVC;GO:ZI
Place : New Delhi
238
okf"kZd fjiksVZ
WVRMXQI*LXUI
SCHEDULE 1 - CAPITAL
ÈLT/LT.GO¶LLY¶LLH4/ `000 omitted)
ELT ELT
As on 31.03.15 As on 31.03.14
ÈLGÉL²3L*LXUI
Authorised
È3¶LTE`/-ET>>>>CG%P7ILT¶LK 30000000 30000000
15,00,00,00,000 Equity Shares of ` 2 each
ULKI3L'LLWG)LOºL
Issued & Subscribed
È3¶LTE`!ET>>>>CG%P7ILT¶LK G*L/ZTPL;È3¶LTE`!ET>>>
CG%P7ILT¶LK
3709114 3620699
1,85,45,56,947 (Previous year 36,20,69,926 Equity Shares of `10 each) Equity shares
of ` 2 each
ÈOºL
Paid Up
>>>> G*L/ZTPL;È3¶LTE`!ET>>>CG%P7ILT¶LK
CV&LTB!`ÈG3LCG%P7ILT¶LK 3709114 3620699
ETETBÇI¶LMKELK^LKLÉLLGK3L>>>>CG%P7ILT¶LKLLG&LZH4B
1,85,45,56,947 (Previous year 36,20,69,926 Equity Shares of `10 each) Equity shares of
` 2 each (includes equity shares of 1,11,00,47,912 `2 each held by Central Government)
ULT.
3709114 3620699
TOTAL
WVRMXQIÈLKG\L3LGVGÉL¶LLWL4KWGÉLLTL
SCHEDULE 2 - RESERVES & SURPLUS
ELT ELT
As on 31.03.15 As on 31.03.14
I. MLBGPGÉLEÈLKG\L3LGVGÉL¶LL
Statutory Reserves
ÈLKG&)LELTL 89016547 80660121
Opening Balance
PL;ETOL4KLVPAG 7653960 8356426
Addition during the year
96670507 89016547
II. *LXBUIY3LÈLKG\L3LGVGÉL¶LL
Capital Reserves
E
*LRV&LX;:¶LVÈLKG\L3LGVGÉL¶LL
a) Revaluation Reserve
ÈLKG&)LELTL 14081790 14288522
Opening Balance
PL;ETOL4KLVE7L43LI 206289 206732
MB*LGºLET*LRV&LX;:¶LV)LLY*LK&LX:¶LÃLMETELKL
Deduction during the year

(being depreciation on revalued portion of property)
W6¶LÈLKG\L3LGVGÉL¶LLTB&LTBWB3LGK3L 0 0
Transfer to Other Reserves
13875501 14081790
<L
W6¶L
b) Others
ÈLKG&)LELTL 11415244 10949413
Opening Balance
12269241 11415244
III. LT¶LKÈIG&L¶L&L
Share Premium
ÈLKG&)LELTL 61415668 56501634
Opening Balance
PL;ETOL4KLVE7L43LI 0 0
70027254 61415668
239
ELT ELT
As on 31.03.15 As on 31.03.14
IV. KLU-P3L'LLW6¶LÈLKG\L3LGVGÉL¶LLB
Revenue and other Reserves
E
GVPTLÈLKG\L3LGVGÉL
a) Investment Reserve
ÈLKG&)LELTL 1071089 1071089
Opening Balance
ULT.TZL)LPHLGVGPGV¶LLTUV<LL3LTMTWB3LGK3L 2634104 0
Add :Transfer from P&L Appropriation A/c
L7L BZL)LPHLGVGPGV¶LLTUV<LL3LTELTWB3LGK3L 0 0
Less: Transfer to P&L Appropriation A/c
3705193 1071089
<L
GPGV&L¶L L7$LÈLKG\L3LGVGÉL
b) Exchange Fluctuation Reserve
ÈLKG&)LELTL 462770 -24924
Opening Balance
ULT.TBPL;ETOL4KLVPAG 79501 487694
Add :Addition during the year
L7L BPL;ETOL4KLVE7L43LI LR
Less: Deduction during the year (Net)

542271 462770
Y
WL¶LEKWGÉLGV¶L&LEIÉLLKL
viii
ETW63LY;3LGPLTLÈLKG\L3LGVGÉL
c) Special Reserve under Sec.36(1) (viii) of Income Tax Act, 1961
ÈLKG&)LELTL 9111300 6811300
Opening Balance
W6¶LÈLKG\L3LGVGÉL¶LLTBMTWB3LGK3L 2750000 2300000
Transferred from Other Reserves
PL;ETOL4KLVPAG 11861300 9111300
L) W6¶LÈLKG\L3LGVGÉL
d) Other Reserve
ÈLKG&)LELTL 168758082 152977140
Opening Balance
PL;ETOL4KLVPAG 9376748 18096103
L7L B.I7I ZELTWB3LGK3L 2315161
Less: Transferred to DTL
ULT.TB*LRV&LX;:¶LVÈLKG\L3LGVGÉL¶LLTBMTWB3LGK3L 0 0
Add: Transfer from Revaluation Reserves
L7L BGV<LL3LLTBETGZ )LRY3LLV 7 0
Less: Payment for blocked accounts
178134823 168758082
ZL)LHLGV<LL3LT&LTBLTL 0 0
V. Balance in Profit & Loss Account
I,II,III,IV,VELULT./Total of I, II, III, IV,V 387086090 355332490
WVRMXQIU&LLKLGL¶LL
SCHEDULE 3 - DEPOSITS
ELT ELT
As on 31.03.15 As on 31.03.14
I. &LLYU&LLKLGL¶LL
Demand Deposits
(i) $L4BELTBMT 32359883 28091902
(i) From Banks
(ii) W6¶LMT 303448139 286900386
(ii) From Others
335808022 314992288
II. $LQ3L$L4BEU&LLKLGL¶LL 1501996610 1413728812

Savings Bank Deposits
240
okf"kZd fjiksVZ

ELT ELT
As on 31.03.15 As on 31.03.14
III. &LI¶LLOIU&LLKLGL¶LL
Term Deposits
W (i) $L4BELTBMT 429356953 160487916
A. (i) From Banks
(ii) W6¶LMT 2746624804 2624758450
(ii) From Others
3175981757 2785246366
I , IIPIII ELULT./Total I, II & III 5013786389 4513967466
WL (i))LLK3L&LTBG-'L3LLL<LLWLTBEIU&LLKLGL¶LLB 4530287032 4184248265
B. (i) Deposits of branches in India
(ii) )LLK3LMT$LLHKG-'L3LLL<LLWLTBEIU&LLKLGL¶LL 483499357 329719201
(ii) Deposits of branches outside India
WLi Pii ELULT./TOTAL B (i) & (ii) 5013786389 4513967466
WVRMXQINÉLLK
SCHEDULE 4 - BORROWINGS
ELT ELT
As on 31.03.15 As on 31.03.14
I. )LLK3L&LTBNÉLLK
Borrowings in India
(i))LLK3LI¶LGKUP;$L4BEMT 0 141080000
(i) Reserve Bank of India
(ii) W6¶L$L4BELTBMT 54740468 10735445
(ii) Other Banks
(iii)W6¶LMB-'LLWLTBWL4K UTBGM¶LLTBMT 5373917 8447820
(iii) Other Institutions and Agencies
(iv)WÈG3L)LX3LÈG3LOT¶L$LL.
(iv) Unsecured Redeemable Bonds
E 7I¶LKI$LL. $LTG&L¶LLOILGZ<L3LTB
35205000 20205000
a) Tier-I Bonds (Perpetual Debt Instruments)
<L W*LK7I¶LKII$LL. 66100000 66100000
b) Upper Tier-II Bonds
Y 7I¶LKII *LXUIETGZ YL4LL 49998000 29998000
c) Subordinate debts for Tier II Capital
L OI L;ELZIVC6*L[2L-7%QKDL. 28000000 179303000 0 116303000
d) Long term infrastructure bonds
II. )LLK3LMT$LLHKNÉLLK 217288074 203777834
Borrowings outside India
I>IIELULT./Total of I, II 456705459 480344099
N*L¶LR;%SI PBII&LTBLLG&LZÈG3L)LX3LNÉLLK 0 96580000
Secured Borrowings included in I & II above
WVRMXQIW6¶LOT¶L3LL BWL4KÈLPÉLLV
SCHEDULE 5 - OTHER LIABILITIES AND PROVISIONS
ELT ELT
As on 31.03.15 As on 31.03.14
I. OT¶LG$LZ 23390092 24966246
Bills Payable
II. WB3LEL¶LL;Z¶LM&LL¶LLTUV LR
143746 270758
Inter-Office adjustments(net)
III. N*LGQ3L$¶LLU 12871891 11591341
Interest accrued
IV. -'LGY3LEKOT¶L3LL LR
0 0
Deferred Tax Liability (Net)
V. W6¶L ÈLPÉLLVLTBMGH3L
135643179 114106054
Others (including Provisions)
I>II>III>IV>VELULT./Total of I, II, III, IV, V 172048908 150934399
241
WVRMXQIVEOIWL4K)LLK3LI¶LGKuLP;$L4BEET*LLMLTL
SCHEDULE 6 - CASH AND BALANCES WITH RESERVE BANK OF INDIA
ELT ELT
As on 31.03.15 As on 31.03.14
I. HL'L&LTBVEOI GPOTLI&LRÇLEKTBMIVLT7LTBMGH3L
22710604 21249899
Cash in hand (including foreign currency notes)
II. )LLK3LI¶LGKuLP;$L4BEET*LLMLTL
Balance with Reserve Bank of India
QLZX<LL3LT&LTB 219538815 201205900
In Current Account
W6¶L<LL3LLTB&LTB 0 0
In other Account
I, IIELULT./Total of I, II 242249419 222455799
WVRMXQI$L4BELTBET*LLMLTL3L'LL&LLYWL4KW:*LMXQVL*LKÈL*¶LÉLV
SCHEDULE 7- BALANCES WITH BANKS & MONEY AT CALL & SHORT NOTICE
ELT ELT
As on 31.03.15 As on 31.03.14
I. )LLK3L&LTB
In India
(i) $L4BELTBET*LLMLTL
(i) Balances with Banks
E
QLZX<LL3LLTB&LTB 9310154 7541712
a) In Current Accounts
<L
W6¶LU&LL<LL3LLTB&LTB 60365823 47828434
b) In Other Deposit Accounts
69675977 55370146
(ii)&LLYWL4KW:*LMXQVL*LKÈL*¶LÉLV
(ii) Money at Call and Short Notice
E
$L4BELTBET*LLM 0 0
a) with Banks
<L
W6¶LMB-'LLWLTBET*LLM 0 0 0 0
b) with Other Institutions
ULT. 69675977 55370146
TOTAL
II. )LLK3LMT$LLHK
Outside India
(i) $L4BELTBET*LLMLTL
(i) Balances with Banks
E
QLZX<LL3LLTB&LTB 14558828 9116904
a) In Current Accounts
<L
W6¶LU&LL<LL3LLTB&LTB 232857496 165241606
b) In Other Deposit Accounts
(ii) &LLYWL4KW:*LMXQVL*LKÈL*¶LÉLV 0 0
(ii) Money at Call & Short Notice
ULT. 247416324 174358510
TOTAL
IWL4KIIELM&LY[ULT./GRAND TOTAL of I, II 317092301 229728656
WVRMXQIGVPTL
SCHEDULE 8 - INVESTMENTS
ELT ELT
As on 31.03.15 As on 31.03.14
I. )LLK3L&LTBGVPTLMEZ 1492229737 1424837421
Investments in India : Gross
L7L B&LX:¶LÀLMETGZ ÈLPÉLLV 6034377 11889829
Less: Provision for Depreciation
)LLK3L&LTBLRGVPTL 1486195360 1412947592
Net Investment in India
(i) MKELKIÈG3L)LXG3L¶LLB 1239537975 1122904116
(i) Government Securities
242
okf"kZd fjiksVZ

ELT ELT
As on 31.03.15 As on 31.03.14
(ii) W6¶LWVR&LLTGO3LÈG3L)LXG3L¶LLB 1878450 1865336
(ii) Other Approved Securities
(iii) LT¶LK 36025868 27542249
(iii) Shares
(iv) L*LLWL4K$LL. 147972210 181113624
(iv) Debentures and Bonds
(v) WVRLBGY¶LLWL4K!W'LPLMB¶LR%SN]&L ÈL¶LLTGU3LMB-'LLWLTBMGH3L
6060059 2422803
(v) Subsidiaries and/or joint ventures (including sponsored institutions)
(vi) W6¶L 54720798 77099464
(vi) Others
GPG)L£&¶LXQRWZ¾2B.LTBPPLGLG5¶LE*LLLTBWLGO&LTB
Various Mutual Funds & Commercial Papers etc.

IELULT./TOTAL of I 1486195360 1412947592
II. )LLK3LMT$LLHKGVPTLMEZ 26628111 24907549
Investments Outside India : Gross
L7L B&LX:¶LÀLMETGZ ÈLPÉLLV 0 125
Less: Provision for depreciation
)LLK3LMT$LLHKLRGVPTL 26628111 24907424
Net Investments outside India
(i) -'LLVI¶LÈLGÉLEKLLTBMGH3LMKELKIÈG3L)LXG3L¶LL 0 0
(i) Govt. securities including local authorities
(ii) GPOTLG-'L3LWVRLBGY¶LLWL4K!W'LPLMB¶LR%SN]&L 14850510 14850510
(ii) Subsidiary and / or Joint ventures abroad
(iii) W6¶L 11777601 10056914
(iii) Others
IIELULT./TOTAL of II 26628111 24907424
I>II ELM&LY[ULT./GRAND TOTAL of I, II 1512823471 1437855016
WVRMXQIWGY[&L
SCHEDULE 9 - ADVANCES
ELT ELT
As on 31.03.15 As on 31.03.14
W (i) <LKIOTWL4K)LRVL¶LTY¶LTG$LZ 294697909 221920850
A (i) Bills purchased and discounted
(ii) VEONÉLLK>WLTPK.L¾7WL4K&LLY*LKOT¶LL 1967503725 1807048292
(ii) Cash Credits, Overdrafts & Loans repayable on demand
(iii) &LI¶LLOIL 1543142418 1463722090
(iii) Term Loans
ULT. 3805344052 3492691232
Total
WL (i) &LX3L;WLG-3L¶LLTB^LKLÈG3L)LX3L CM&LTB$LHILLTB*LKGO Y¶LTWGY[&LLLG&LZH4B
3378134452 3077808277
B (i) Secured by tangible assets (Includes advances against Book Debts)
(ii) $L4BE!MKELKEIYLBKG7¶LLTB^LKLMBKG\L3L 203379547 186591712
(ii) Covered by Bank/Government guarantees
(iii) WÈG3L)LX3L 223830053 228291243
(iii) Unsecured
ULT. 3805344052 3492691232
Total
C(I) )LLK3L&LTBWGY[&L
C (I) Advances in India
(i) ÈL'LG&LE3LL\LTL 1382371388 1178351999
(i) Priority Sector
(ii) MLP;UGVE\LTL 193428281 248717140
(ii) Public Sector
(iii) $L4BE 516763 0
(iii) Banks
(iv) W6¶L 1704677287 1660871042
(iv) Others
ULT. 3280993719 3087940181
Total
243
ELT ELT
As on 31.03.15 As on 31.03.14
C(II) )LLK3LMT$LLHKWGY[&L
C (II) Advances outside India
(i) $L4BELTBMTÈL*¶L 400216590 294355700
(i) Due from Banks
(ii) W6¶LMTÈL*¶L
(ii) Due from Others
E
<LKIOTWL4K)LRVL¶LTY¶LTG$LZ 4456084 4117236
(a) Bills Purchased & Discounted
<L
ML&LXGHEL 8195974 8326385
(b) Syndicated Loan
Y
W6¶L 111481685 97951730
(c) Others
ULT. 524350333 404751051
Total
M&LY[ULT. " PB""ELULT.
3805344052 3492691232
GRAND TOTAL ( Total of I & II )
WVRMXQIWQZWLG-3L¶LL
SCHEDULE 10 - FIXED ASSETS
ELT ELT
As on 31.03.15 As on 31.03.14
W &LX3L;WLG-3L¶LL
A TANGIBLE ASSETS
I. WQZMBJGS
Premises
G*L/ZTPL;EI&LLQ;EIZLY3L!&LX:¶LLBEV*LK 27957749 27415320
At cost / valuation as on 31st March of the preceding year
WPGÉLETOL4KLVPAG 662472 542429
Addition during the period
28620221 27957749
WPGÉLETOL4KLVE7L43LI 0 0
Deduction during the period
28620221 27957749
W$L3LE&LX:¶LÀLM 4021804 3724169
Depreciation to date
*LRV&LX;:¶LVKLGL*LK&LX:¶LÀLMMGH3L
24598417 24233580
(Including on revalued amount )
II. W6¶LWQZWLG-3L¶LL ¾2VI;QKWL4KG¾2%-QKMGH3L
Other Fixed Assets (Including Furniture & Fixtures)

G*L/ZTPL;EI&LLQ;EIZLY3L*LK 31322636 28764181
At cost as on 31st March of the preceding year
35573569 32134854
34903685 31322636
W$L3LE&LX:¶LÀLM 24870953 22154463
Depreciation to date
10032732 9168173
III. *L7_7TPLZIWLG-3L¶LL
Leased Assets
252386 252386
WPGÉLETOL4KLVPAG!M&LL¶LLTUV 0 0
Addition/adjustment during the period
252386 252386
244
okf"kZd fjiksVZ

ELT ELT
As on 31.03.15 As on 31.03.14
W$L3LE*LGKLLTÉLV!*L7_7TELM&LL¶LLTUV 252386 252386
Amortisation / lease adjustment to date
0 0
I,II,IIIELULT. /Total of I, II, III 34631149 33401753
WL W&LX3L;WLG-3L¶LL
B INTANGIBLE ASSETS
E&*¶LX7KML8¾7PT¶LK
Computer Software
3254008 2889128
3252893 2876267
W$L3LE*LGKLLTGÉL3L 2369286 2080580
Amortised to date
ULT. 883607 795687
Total
M&LY[ULT. WWL
/GRAND TOTAL (A+B) 35514756 34197440
WVRMXQIW6¶LWLG-3L¶LL
SCHEDULE 11 - OTHER ASSETS
ELT ELT
As on 31.03.15 As on 31.03.14
I. N*LGQ3L$¶LLU 41762943 41952618
Interest accrued
II. GO¶LLY¶LLWGY[&LEK!°LT3L*LKEL7LY¶LLEK 14332449 8999298
Tax paid in advance / tax deducted at source
III. ZT<LVML&LY[IWL4K-7L&*L 93640 89767
Stationery and stamps
IV. OLPLTBETGV*L7LV&LTBÈL*3LY4K$L4BEYWLG-3L¶LLB 239762 239764
Non-banking assets acquired in satisfaction of claims
V. WL-'LGY3LEKWLG-3L¶LL LR
14848503 5548531
Deferred tax asset (net)
VI. W6¶L 49034664 30441032
Others
I,II,III,IV,V ,VIELULT. 120311961 87271010

Total of I, II, III, IV, V, VI
WVRMXQIWLEG-&LEOT¶L3LL B
SCHEDULE 12 - CONTINGENT LIABILITIES
ELT ELT
As on 31.03.15 As on 31.03.14
I (i) $L4BELTBETGP TMTOLPTGU6HTBLET*L&LTBVHIB&LLVLY¶LLH4 1883435 1786882
(i) Claims against the Bank not acknowledged as debts
(ii) W*LIZLTB>MBO)LLTWLGOETWÉLIVGPPLGO3LWL¶LEKP$¶LLUEK&LLYTB 10562109 8006777
(ii) Disputed income tax and interest tax demands under appeals, references etc.
II. WLBGLE*LMTWOLGE¶LTY¶LTGVPTLLTBETGZ OT¶L3LL B 1530121 115
Liability for partly paid investments
III. $LEL¶LLPL¶LOLGPGV&L¶LMBGPOLWLTBETELKLOT¶L3LL B 1864200405 1311706684
Liability on account of outstanding forward exchange contracts
IV. Y[LHELTBEIWLTKMTOIY¶LIYLKBG7¶LL
Guarantees given on behalf of constituents:
E
)LLK3L&LTB 289516763 281499560
(a) In India
<L
)LLK3LMT$LLHK 149675283 118048218
(b) Outside India
245
ELT ELT
As on 31.03.15 As on 31.03.14
V. -PI²G3L¶LLB>*LAsLBEVWL4KW6¶LOLG¶L3P 413621985 436739328
Acceptances, endorsements and other obligations
VI. W6¶L&LOTBGUVETGZ $L4BEWLEG-&LE*LMTGuL&&LTOLKH4 8463748 4960226
Other items for which the Bank is contingently liable
I,II,III,IV,V,VI ELULT. 2739453849 2162747790
Total of I, II, III, IV, V, VI
WVRMXQIWU3L$¶LLU
SCHEDULE 13 - INTEREST EARNED
ELTMFL*SPL; ELTMFL*SPL;
Year ended Year ended
31.03.15 31.03.14
I. WGY[&LLTB!G$LZLTB*LK$¶LLU!$L7_7L 347943826 323930896
Interest/discount on advances/bills
II. GVPTLLTBMTWL¶L 105999859 102658289
Income on Investments
III. )LLK3LI¶LGKuLP;$L4BEET*LLMU&LLLTLWL4K 6322523 3622438
Interest on balances with Reserve Bank of
W6¶LWB3L$L4BEGVGÉL¶LLTB*LK$¶LLU
India and other Inter-Bank funds
IV. W6¶L 2887419 2020919
Others
I,II,III,IVELULT./Total of I, II, III, IV 463153627 432232542
WVRMXQIW6¶LWL¶L
SCHEDULE 14 - OTHER INCOME
31.03.15 31.03.14
I. E&LILV>GPGV&L¶LWL4KOZLZI 27448818 25793849
Commission, Exchange and Brokerage
II. GVPTLLTBEIG$L¹IMTZL)L 11939697 7862342
Profit on sale of Investments
L7L BGVPTLLTBEIG$L¹IMTHLGV 1712353 2368872
Less: Loss on sale of Investments
10227344 5493470
III. &¶LXQRWZJ2B.ET¶LXGV7LTBMTZL)LLBLWL¶L!¶LXGV7ELT)LRVLVTMTWL¶L 3340305 2058098
Dividend Income from Units of Mutual Fund/ Income on redemption of Units
IV. GVPTLLTBET*LRV&LX;:¶LVMTZL)L 0 0
Profit on revaluation of Investments
L7L BGVPTLLTBET*LRV&LX;:¶LV!*LGKLLTÉLVMTHLGV 0 0
Less: Loss on revaluation of Investments/ Amortisation
0 0
V. )LXG&L>)LPVWL4KW6¶LWLG-3L¶LLTBEIG$L¹IMTZL)L 29630 53497
Profit on sale of land, buildings and other assets
L7L B)LXG&L>)LPVWL4KW6¶LWLG-3L¶LLTBEIG$L¹IMTHLGV 3450 6615
Less: Loss on sale of land, buildings and other assets
26180 46882
VI. GPOTLI&LRÇLGPGV&L¶LZTVOTVMTZL)L 14056133 13972012
Profit on exchange transactions
L7L BGPOTLI&LRÇLGPGV&L¶LZTVOTVMTHLGV 9074104 8528019
Less: Loss on exchange transactions
4982029 5443993
VII. )LLK3L&LTB3L'LLGPOTL&LTBWVRLBGY¶LLTB!E&*LGV¶LLTBWL4K!W'LPLMB¶LR%SN]&LLTBMTZL)LLBLET 350291 284619
*L&LTBWU3LWL¶L
Income earned by way of dividends etc.from subsidiaries / companies
and / or joint ventures in India & abroad.
VIII. GPGPÉLWL¶L 12532352 6646202
Miscellaneous Income
I, II, III, IV, V , VI, VII3L'LLVIII ELULT./Total of I, II, III, IV, V, VI, VII & VIII 58907319 45767113
246
okf"kZd fjiksVZ
WVRMXQI<LQ;GE¶LLY¶LL$¶LLU
SCHEDULE 15 - INTEREST EXPENDED
31.03.15 31.03.14
I. U&LLKLGL¶LLTB*LK$¶LLU 276213386 252220395
Interest on Deposits
II. )LLK3LI¶LGKuLP;$L4BEET!WB3L$L4BENÉLLKLTB*LK$¶LLU 5669885 7678082
Interest on Reserve Bank of India/inter-bank borrowings
III. W6¶L 15714669 10874330
Others
I, II, III ELULT./Total of I, II, III 297597940 270772807
WVRMXQI*LGKQLZV0¶L¶L
SCHEDULE 16 - OPERATING EXPENSES
31.03.15 31.03.14
I. E&L;QLGK¶LLTBELT)LRY3LLVWL4KNVETGZ ÈLPÉLLV 73369062 65104468
Payments to and Provisions for employees
II. GEKL¶LL>EKWL4KG$LUZI 5469570 4839121
Rent, Taxes and Lighting
III. &LRÇL PBZT<LVML&LY[I 801261 742842
Printing and Stationery
IV. GP,L*LVWL4KÈQLK 361747 291186
Advertisement and Publicity
V. $L4BEEIMB*LGºL*LK&LX:¶LÀLM!*LGKLLTÉLV 3908570 3730620
Depreciation/Amortisation on Bank's property
L7L B*LRV&LX;:¶LVÈLKG\L3LGVGÉLMTM&LL¶LLTGU3L 206289 206732
Less: Adjusted with Revaluation Reserve
3702281 3523888
VI. GVOTLELTBEIJ2IM>)LºLTWL4K<LQ; 12632 15543
Directors' fees, allowances and expenses
VII. ZT<LL*LKI\LELTBEIJ2IMWL4K<LQ; 535178 456239
Auditors' fees and expenses
VIII. GPGÉLÈ)LLK 431923 363332
Law Charges
IX. .LE>3LLK>7TZIJ2LTVWLGO 1228903 1253539
Postage, Telegrams, Telephones, etc.
X. &LK&&L3LWL4KK<LK<LLP 1959118 1515137
Repairs and Maintenance
XI. $LI&LL 4532659 4101015
Insurance
XII. W6¶L0¶L¶L 12511143 11176003
Other expenditure
IMTXIIELULT./Total of I to XII 104915477 93382313
247
WVRMXQI SCHEDULE 17
ZT<LLGPGÉLM&$L6ÉLIÈ&LR<LVIG3L¶LLB SIGNIFICANT ACCOUNTING POLICIES
ZT<LT3L4¶LLKEKVTELWLÉLLK 1. BASIS OF PREPARATION:
GPºLI¶LGPPKL*LL*LK&*LKLY3LZLY3LETWLÉLLK*LK3L4¶LLKGE¶LTY¶LTH4B The financial statements have been prepared on historical

cost basis and conform, in all material aspects, to
3L'LLM&L-3L&LH3P*LXL;OAG7LTBMT)LLK3L&LTBML&LL6¶L3L-PI²3LZT<LLBEV Generally Accepted Accounting Principles (GAAP) in India
GML63LLTB UI *LI
ET WVR*LH4B>GUV&LTB ZLYX MLBGPGÉLEÈLPÉLLV> encompassing applicable statutory provisions, regulatory
)LLK3LI¶LGKuLP;$L4BE^LKLGVÉLL;GK3LGPGV¶LL&LE&LLVO. M
>)LLK3LI¶L norms prescribed by Reserve Bank of India (RBI), Accounting
Standards (AS) and pronouncements issued by The Institute of
MVOIZT<LLELKMB-'LLV WLC;MI WLC;
^LKLULKIZT<LLBEV&LLVO. Chartered Accountants of India (ICAI) and prevailing practices
3L'LL,L*LVP)LLK3L&LTB$L4BEYN]LTY&LTB&LL4UXOLÈ'LL B)LILLG&LZH4" in Banking industry in India.
WVR&LLVLTBELÈ¶LLTY Use of Estimates
GPºLI¶LGPPKGL¶LLTBELT3L4¶LLKEKVTETGZ È$L6ÉLVELTGK*LLT7YWPGÉL The preparation of financial statements requires the
ETGZ WLG-3L¶LLTBPOT¶L3LLWLTB WLEG-&LEOT¶L3LLWLTBMGH3L
NMG-'LG3L management to make estimates and assumptions considered
in the reported amounts of assets and liabilities (including
EI GPºLI¶L GPPKGL¶LLTB &LTB MXGQ3L KLGL¶LLTB 3L'LL MXGQ3L WL¶L P 0¶L¶L contingent liabilities) as of date of the financial statements
EIKLGL¶LLTB &LTB WVR&LLVLTB WL4K&LL6¶L3LLWLTB *LKGPQLKEKVLW*LTG\L3LH4" and the reported income and expenses for the reporting
È$L6ÉLVEL&LLVVLH4GEGPºLI¶LGPPKGL¶LLTBELT3L4¶LLKEKVT&LTBÈ¶LR%S period. Management believes that the estimates used in
WVR&LLVGPPTE*LXL;WL4KWL4GQ3¶L*LXL;H4" the preparation of the financial statements are prudent and
reasonable.
ZT<LLBEV*LG3L 2. METHOD OF ACCOUNTING:

GPºLI¶LGPPKLGVK63LKELKLT$LLKETWLÉLLK*LK3L'LLW6¶L'LLNGkG<L3L The financial statements have been prepared on going
concern basis with accrual concept and in accordance with
ELT/LT.EKZT<LLBEVVIG3L¶LLTB3L'LLGVK63LKW*LVLC;ULKHIÈ'LLWLTBET the accounting policies and practices consistently followed
WVRMLK3L4¶LLKGE¶LTY¶LTH4B" unless otherwise stated.
WQZWLG-3L¶LL 3. FIXED ASSETS

GUV*LGKMKLTB EL*LRV&LX:; ¶LVHLTQRELH4N6HTB /LT.E
KW6¶LWQZWLG-3L¶LLTB 3.1 Fixed assets are stated at historical cost except those
premises, which have been revalued. The appreciation
ELTNVEI*LK&*LKLY3LZLY3L*LKGO<LL¶LLUL3LLH4"*LRV&LX:; ¶LV*LKHRC; PAG on revaluation is credited to revaluation reserve and
ELT*LRV&LX:; ¶LVÈLKG\L3LGVGÉL&LTB U&LLGE¶LLUL3LLH4WL4KNM*LK&LX:¶LÀLM incremental depreciation attributable to the revalued
ETGZ GE Y ÈLPÉLLVELTNM&LTB MTE&LEKGO¶LLUL3LLH4" amount is deducted therefrom.
E WLG-3L¶LLTB UHLB EI&L3LWZYVEIULME3LIHLT PHL )LXG&L 3.2 a. Depreciation on assets (including land where value is not
separable) is provided on straight-line method based on
MGH3L
*LK&LX:¶LÀLMETGZ¶LTÈLPÉLLVWLG-3LEIÈ3¶LLGL3LWL¶LR
estimated life of the asset.
ETWLÉLLK*LKMIÉLIKT<LL*LG3LETWVRMLKGE¶LLUL3LLH4"
<L TMIWLG-3L¶LLTB *LK&LX:¶LÀLMGV&VGZG<L3LOKLTB *LKÈOLVGE¶LLY¶LLH4 b. Depreciation on assets has been provided at the rates
furnished below:-
GPPKL &LX:¶LÀLMEIOK Particulars Rate of Depreciation
$LTG&L¶LLOI*L7_7T*LKZIYC;)LXG&LUHLB*L7_7TEIWPGÉLELNkT<L LX6¶L Land acquired on perpetual lease where no lease Nil
VHIBH4 period is mentioned
Land acquired on lease where lease period is Over lease period
*L7_7T*LKZIYC;)LXG&LUHL*L7_7TEIWPGÉLELNkT<LH4 *L7_7TEIWPGÉL*LK
mentioned
)LPV Building
»IHLT:.WL4K*L7_7TPLZI)LXG&L*LKGV&L3L>UHLB*L7_7TEIWPGÉL % • Constructed on free hold land and on leased 2.50%
PL;MTWGÉLEH4 land, where lease period is above 40 years
*L7_7TPLZI)LXG&L*LKGV&L3LUHL*L7_7TEIWPGÉLPL;MTE&LH4 *L7_7TEIWPGÉL*LK • Constructed on leased land where lease period Over lease period
is below 40 years.
*LXP;P3LI;6¶LX$L4BEWL¾2CBG.¶LL3L'LLVTORBY.I$L4BEGZMTWU3L % Built-up Assets taken over from erstwhile New 4.00%
GV&L3LWLG-3L¶LL8B Bank of India & Nedungadi Bank Ltd
J2VI;QKWL4KGJ2%MQM;-7IZP-3LR B % Furniture and fixtures- Steel articles 5.00%
J2VI;QKWL4KGJ2%MQM;ZE.IEIP-3LR B % Furniture and fixtures-wooden articles 10.00%
YÎT % Mattresses 20.00%
&LLT$LLCZ¾2LTVN*LEKL % Mobile Phone Instruments 33.33%
&LLIVKI>G$LUZIEIWL4KGPGPÉLP-3LR B % Machinery, electrical and miscellaneous articles 15.00%
&LLT7KELKTB PBMLC;EZTB % Motor cars and cycles 15.00%
248
okf"kZd fjiksVZ
GPPKL &LX:¶LÀLMEIOK Particulars Rate of Depreciation

EB*¶LX7K> 7I &LWL4KMB$LBGÉL3LP-3LR BZ4J7LJ>WLC;J4. % Computers, ATMs and related items, laptop, i pad 33.33%
E&*¶LX7KWVRÈ¶LLTYML8¾7PT¶LK Computer Application Software – Intangible
W&LX3L;WLG-3L¶LL Assets
*L¶LT!3LE KLU-P&LTBÈ)LLGK3L - Up to ` 5,000 Charged to Revenue
W6¶L % - Others 20.00%
Y $L4BEETW*LVT-PLG&L3PET*LGKMKLTBMTC3LKWLG-3L¶LLTB&LTBHR V c. Depreciation on fresh additions to assets other than bank’s

*LGKPÉL;VLTBET&LL&LZT&LTB&LX:¶LÀLMELÈLPÉLLVNVETÈ¶LLTY&LTBWLVT own premises is provided from the month in which the
ET &LLMMT WL4KPL; ET OL4KLV$LTQI!GV*L7LC; YC; WLG-3L¶LLTB ET assets are put to use and in the case of assets sold/disposed
off during the year, up to the month preceding the month
&LL&LZT&LTBÈLPÉLLVNM&LLHMT*LXP;&LLM3LEGE¶LLUL3LLH4GUM in which it is sold/ disposed off.
&LLM&LTBWLG-3L$LTQI!GV*L7LC;YC;H4"
$L4BEET WB3L&LTB &LL4UXO$L4BEET W*LVT -PLG&L3PETB *LGKMKLTB *LK The depreciation on bank’s own premises existing at the
&LX:¶LÃLM*LXKTPL;ETGZ¶LTÈ)LLGK3LGE¶LLY¶LLH4"GV&LL;LZLY3L close of the year is charged for full year. The construction
cost is depreciated only when the building is complete in
ELT3L)LI&LX:¶LXÃLMGE¶LLUL3LLH4U$L)LPVM)LIÈELKMT*LXKL all respects.
HLTUL3LLHT"
WGY[&L 4. ADVANCES
WGY[&LLTBELPYI;EKLWU;EWL4KWVU;EWLG-3L¶LLTBET*L&LTBGE¶LL 4.1 Advances are classified as performing and non-performing
UL3LLH4WL4KNVETGZ )LLK3LI¶LGKuLP;$L4BE^LKLGVÉLL;GK3LGPPTE*LXL; assets; provisions are made in accordance with prudential
norms prescribed by RBI.
&LLVOB.LTBETWVRMLKÈLPÉLLVGE¶LLUL3LLH4"
WVU;EWLG-3L¶LLTBETM&$L6ÉL&LTBÈLPÉLLVET*L1LL3L_WGY[&LLTBELTOLL;¶LL 4.2 Advances are stated net of provisions in respect of non-
UL3LLH4" performing assets.
)LLK3LMT$LLHKEL¶LL;Z¶L!W*L3L7I¶L$L4BEYCELC¶LL 4.3 Offices outside India / Offshore Banking Units:

E WGY[&LLTB EL PYI;EKL NMI ÈELK GE¶LL Y¶LL H4 U4ML )LLK3LI¶L a. Advances are classified under categories in line with those
EL¶LL;Z¶LLTBETGZ GE¶LLUL3LLH4" of Indian offices.
<L W
GY[&LLTB ET M&$L6ÉL &LTB ÈLPÉLLV -'LLVI¶L ELVXVI W*LT\LLWLTB ET b. Provisions in respect of advances are made as per the local
WVRMLKW'LPL)LLK3LI¶LGKuLP; $L4EET &LLVOB.LTB ET WVRMLK>ULT law requirements or as per the norms of RBI, whichever is
higher.
)LIWGÉLEH4>GE¶LLY¶LLH4"
$LTQIYC;GPºLI¶LWLG-3L¶LLTBEIGV&VGZG<L3L*L&LTB&LLVLY¶LLH4 4.4. Financial Assets sold are recognized as under:
E MMI!WLKMIELT$LTQIYC;GPºLI¶LWLG-3L¶LLTBEIG$L¹IHT3LR a. For Sale of financial assets sold to SCs/RCs
(i)¶LGO MMI!WLKMIELTG$L¹IGVPZ$LHI&LX:¶L V$LIPI

MTVIQT i. If the sale to SCs/RCs is at a price below the Net Book Value
EIEI&L3L*LKEIYC;H43LLTNMPL;E&LIETZL)LPHLGV<LL3LTMT (NBV), the short fall should be debited to the Profit & Loss
account of that year. Bank can also use countercyclical
.TG$L7EKVLQLGH "$L4E B V*LI EIG$L¹I*LKW'LL;3L_U$LG$L¹I / floating provisions for meeting the shortfall on sale of
GVPZ$LHI&LX:¶LMTE&LEI&L3L*LKEIYC;HLT3LLT*LLC;YC;E&LIHT3LR NPAs i.e when the sale is at a price below the NBV.
ÈG3LQ¹I¶L!¾ZLT7YÈLPÉLLV)LIEKME3LLH4 "G¾2K)LIWLG-3L¶LLTB However, for assets sold on or after 26.02.2014 and upto
EIG$L¹IETGZ W'LL;3L_ET*L1LL3LWL4K 31.03.2015, as incentive for early sale of NPAs, bank can
spread over any shortfall, if the sale value is lower than the
3LE V*LI EI*LXP; G$L¹IHT3LR ÈLT3MLHVWVR*L¶LGOG$L¹I&LX:¶L NBV, over a period of two years. This facility of spreading
GVPZ$LHI&LX:¶LMT E&LH4 3LLT $L4E B OLT PLLT EIWPGÉLET GZ over the shortfall will be subject to necessary disclosures
GEMIE&LIELT*LGK0¶LL*3LEKME3LLH4"CME&LIELT*LGK0¶LL*3L in the Notes to Accounts in Annual Financial Statements
EKVTEI¶LHMRGPÉLL$L4E B ETPLLEGPPKGL¶LLTB &LTB <LL3LLTB MTMB$LBGÉL3L of the Bank.
G7**LGL¶LLTB &LTB WLP¶LEÈE7IEKLETGPL¶LLÉLIVHLTYI"
(ii)ET*L1LL3LPMT*LXP; G$LEIEIYC;WLG-3L¶LLTB ii. For assets sold after 26.02.2014 and before 26.02.2014
HT3LR>¶LGOG$LEIGVPZ$LHI&LX:¶LEIW*LT\LLN1Q&LX:¶L*LKEIYC; also, if the sale is for a value higher than the NBV,
Bank can reverse the excess provision on sale of
H4>3LLT $L4E
B CMPL; CMET ZL)LPHLGV<LL3LLTB &LTB ÈL*3LKLGL&LTB MT NPAs to its profit and loss account in the year, the
V*LI EIG$L¹I¶LLWG3LGK%SÈLPÉLLVPL*LMZTME3LLH4"3L'LLG*L> amounts are received. However, Bank can reverse
249
$L4E
B WG3LGK%SÈLPÉLLV U$LG$L¹IGVPZ$LHI&LX:¶LEIW*LT\LLN1Q excess provision (when the sale is for a value higher
&LX:¶L*LKEIYC;H4
V*LI EIG$L¹IMT3L)LIGVELZIULME3LI than the NBV) arising out of sale of NPAs, only when
the cash received (by way of initial consideration and/
H4>ETPZU$LÈL*3LVEOI ÈLKG&)LEÈG3LJ2ZWL4K!W'LPL MWLK! or redemption of SRs/PTCs) is higher than the NBV of
*LI7IMI
EI/X7ET&LLÉ¶L&LMTWLG-3L¶LLTB EIVEOIEIW*LT\LLN1Q the asset. Further, reversal of excess provision will be
H4"WLYTWG3LGK%SÈLPÉLLVELGVKMVWLG-3LET V$LIPI*LKÈL*3L limited to the extent to which cash received exceeds
the NBV of the asset.
WG3LGK%SVEOIETÈ)LLP3LEMIG&L3LHLTYI"
<L W6¶L$L4BE! V$LI ¾2MI! ¾2WLC; C3¶LLGOELT G$L¹IEIYC; GPºLI¶L b. For Sale of financial assets sold to other Banks/NBFCs/FIs
WLG-3L¶LLTBEIG$L¹IHT3LR" etc.
(i)GVPZ$LHI&LX:¶L V$LIPI
MT E&LEI&L3L*LKG$L¹IEKVT ET i. In case the sale is at a price below the Net Book Value
(NBV) i.e. Book Value less provision held, the shortfall
&LL&LZT &LTB W'LL;3L_ $LHI&LX:¶LMT E&LÈLPÉLLVEKVT *LKE&LIELT should be debited to the Profit & Loss A/c of that year.
NMPL;ZL)LPHLGV<LL3LLTBMT.TG$L7EKVLQLGH "
(ii)GVPZ$LHI&LX:¶L V$LIPI
EIW*LT\LLN1Q&LX:¶L*LKG$L¹IET ii. In case the sale is for a value higher than the Net Book
&LL&LZT &LTB W'LL;3L_ $LHI&LX:¶LMT E&LÈLPÉLLVEKVT *LK>WG3LGK%S Value (NBV) i.e. Book Value less provision held, the excess
provision shall not be reversed but will be utilized to meet
ÈLPÉLLV PL*LM VHIB GE¶LL UL YL E3LR W6¶L V*LI EI G$L¹I the shortfall/loss on account of sale of other NPAs.
<LL3LLTBWL4KE&LI!HLGV*LL ULVT*LKNMELN*L¶LLTYGE¶LLUL YL"
WGY[&LLTB EL-P*L$LOZT ULVT!NVEIGE-3LLTB EIMB<¶LL&LTB *LGKP3L;V 4.5 For restructured/rescheduled advances, provisions are made
GE ULVTEIG-'LG3L&LTB)LLK3LI¶LGKuLP;$L4BEET&LLY;GVOT;LLTBETWVRMLK in accordance with guidelines issued by RBI.
ÈLPÉLLVGE¶LLUL3LLH4"
GVPTL 5. INVESTMENTS
GVPTLLTBELT$L4BEYGPGV¶L&LVWGÉLGV¶L&L>EI3LIMKIWVRMXQIET 5.1 Investments are classified into six categories as stipulated in form
A of the third schedule to the Banking Regulation Act, 1949.
J2L&L; &LTB¶L'LLGVOr/H+TGL¶LLTB&LTBPYI;²3LGE¶LLY¶LLH4"
)LLK3LI¶LGKuLP;$L4EB ET&LLY;GVOT; LLTB ETWVR*LGVPTLLTB ELT??*LGK*L%P3LL3LE 5.2 Investments have been categorized into “Held to Maturity”,
“Available for Sale” and “Held for Trading” in terms of
K<LTY >??G$L¹IHT3LRN*LZ$ÉL3L'LL??0¶LL*LLKHT3LRK<LTY +TGL¶LLTB &LTB RBI guidelines. Securities acquired by the Bank with an
PYI;²3LGE¶LLUL3LLH4"$L4E B ^LKL*LGK*L%P3LL3LEK<LTULVTEI&LBLLMT intention to hold till maturity are classified under “Held to
WU3LÈG3L)LXG3L¶LLTB ELT??*LGK*L%P3LL3LEK<LIYC;+TLI&LTB K<LLY¶LLH4" Maturity”.
$L4BE^LKLW:*LLPGÉLET&LX:¶L!$¶LLUOKÈPAGºL¶LLTBELZL)LN#L3LTHR 5.3 The securities acquired by the Bank with an intention to
0¶LL*LLKHT3LRK<LTULVTEI&LBLLMTWU3LÈG3L)LXG3L¶LLTBELT??0¶LL*LLKHT3LR trade by taking advantages of short-term price/ interest rate
movements are classified under “Held for Trading”.
K<LTY GVPTLLTB&LTBPYI;²3LGE¶LLY¶LLH4"
ULT ÈG3L)LXG3L¶LLB N*L¶LR;%SOLTVLTB +TGL¶LLTB &LTB VHIB WL3LIB N6HTB ??G$L¹IHT3LR 5.4 The securities, which do not fall within the above two
N*LZ$ÉL+TLIETWÉLIVPYI;²3LGE¶LLY¶LLH4" categories, are classified under “Available for Sale”.
E+TLIMTOXMKI+TLI&LTBÈG3L)LXG3L¶LLTBETWB3LKL>WB3LKLEIG3LG'L 5.5 Transfer of securities from one category to another is carried
ELTWGÉLY[HLZLY3L!$LHI&LX:¶L!$LLuLLK&LX:¶L>ULT)LIE&LHLT>*LK out at the lower of acquisition cost/ book value/ market value
on the date of transfer. The depreciation, if any, on such
GE¶LLY¶LLH4"¶LGO TMTWB3LKL*LKELTC;&LX:¶LÀLMHLT3LLTNMETGZ transfer is fully provided for.
*LXKLÈLPÉLLVGE¶LLY¶LLH4"
GEMIGVPTLEIWGÉLY[HLZLY3LGVÉLL;GK3LEKVT&LTB 5.6 In determining acquisition cost of an investment
E M$MG¹*LV*LKÈL*3LOZLZI!E&LILVÈG3L)LXG3L¶LLTB EIZLY3LMT a. Brokerage / commission received on subscription is

EL7IY¶LIH4" deducted from the cost of securities.
<L ÈG3L)LXG3L¶LLTB ET WGÉLY[HLET M&$L6ÉL&LTB MBOºLOZLZI>E&LILV b. Brokerage, commission etc. paid in connection with
KLU-P0¶L¶LLTBET*L&LTB&LLVIY¶LIH4" acquisition of securities are treated as revenue expenses.
Y ÈG3L)LXG3L¶LLTB ET WGÉLY[HL EI G3LG'L 3LE N*LGQ3L $¶LLU W'LL;3L_ c. Interest accrued up to the date of acquisition of securities
<LBG.3LWPGÉL$¶LLUELTWGÉLY[HLZLY3LMT L7LGO¶LLUL3LLH4 i.e. broken – period interest is excluded from the acquisition
cost and the same is accounted in interest accrued but not
WL4KNMTN*LGQ3L*LK63LRVOT¶L$¶LLU<LL3LT&LTBK<LLUL3LLH4" due account.
)LLK3LI¶LGKuLP;$L4BE! J2WLC; &L &L.I ETGOLLGVOT;LLVRMLK>GVPTLEL 5.7 Investments are valued as per RBI/ FIMMDA guidelines, on
&LX:¶LVGV&VGZG<L3LWLÉLLK*LKGE¶LLUL3LLH4 the following basis:
250
okf"kZd fjiksVZ
*LGK*L%P3LL3LEK<LTY Held to Maturity

(i)??*LGK*L%P3LL3LEK<LT Y¶LT+TLIET WÉLIVGVPTLLTB ELT WU;V i. Investments under “Held to Maturity “category are
ZLY3L*LKGZ¶LLUL3LLH4"UHLEHIBWBGE3L&LX:¶L!ÈG3LOLV&LX:¶L carried at acquisition cost. Wherever the book value
is higher than the face value/redemption value, the
MT$LHI&LX:¶LWGÉLEHLT3LLTÈIG&L¶L&LELT*LGK*L%P3LLEILTLWPGÉL premium is amortized over the remaining period to
ETGZ *LGKLLTGÉL3LGE¶LLUL3LLH4" maturity.
(ii) WVRLBGY¶LLTB !MB¶LR%SN]&LLTB !MH¶LLTGY¶LLTB &LTB W-'LL¶LIGVPTLMT ii. Investments in subsidiaries/joint ventures/associates
G)L£È²G3LETGE¶LTY¶LTGVPTLEL&LX:¶LVK<LK<LLP&LTBMTÀLM are valued at carrying cost less diminution, other than
temporary, in nature.
H7LEKWU;VZLY3L*LKGE¶LLUL3LLH4"
(iii) ÈL¶LLTGU3L \LTLI¶L Y[L&LIL $L4BELTB &LTB GVPTLLTB EL &LX:¶LLBEV K<LLP iii. Investments in sponsored regional rural banks are valued
ZLY3L*LKGE¶LLUL3LLH4" at carrying cost.
(iv)N]&L*LXU B I&LTB GVPTLLTB EL&LX:¶LLBEVK<LLPZLY3L*LKGE¶LLUL3LLH4" iv. Investment in venture capital is valued at carrying cost.
G$L¹IHT3LRN*LZ$ÉLWL4K0¶LL*LLKHT3LRK<LTY¶LT Available for Sale and Held for Trading

E MKELKIÈG3L)LXG3L¶LLB a) Govt. Securities
I.ET6ÇI¶LMKELKEIÈG3L)LXG3L¶LLB GJ2%M.CBE&L&LVI&LLE7 ..TGKPTG70M MLTGM LV I. Central Govt. At market prices/YTM as published by Fixed
WL8¾2CBG.¶LL J2WLC; &L &L.I
^LKL¶L'LLÈELGL3L Securities Income Money Market and Derivatives
$LLuLLK&LX:¶LLTB!*LGK*L%P3LL*LK Association of India (FIMMDA)
II. State Govt. On appropriate yield to maturity basis as
II.KL5¶LMKELKLTBEIÈG3L)LXG3L¶LLB J2WLC; &L &L.I !)LLK3LI¶LGKuLP;$L4BEET&LLY;GVOT;LLTB
Securities per FIMMDA/RBI guidelines.
ETWVRMLKN*L¶LR%S*LGK*L%P3LLÈLG*3LWLÉLLK*LK
b) Securities guaranteed On appropriate yield to maturity basis as
<L ETBÇI¶L ! KL5¶L MKELKLTB ^LKL J2WLC; &L &L.I !)LLK3LI¶LGKuLP;$L4BE&LLY;GVOT;LLTBET
by Central / State per FIMMDA/RBI guidelines
YLKB7ILROLÈG3L)LXG3L¶LLB> WVRMLKN*L¶LR%S*LGK*L%P3LLÈLG*3LWLÉLLK*LK Government, PSU
MLP;UGVE\LTLETN*L¹&LLTB ET$LL. Bonds (not in the
WGY[&LLTB EIÈ²G3LETVHIB
nature of advances)
Y 7TuLKIG$LZ K<LLPZLY3L*LK c) Treasury Bills At carrying cost
L CG%P7ILT¶LK ¶LGOELT7GE¶LLY¶LLHLT3LLT$LLuLLK&LX:¶L*LKW6¶L'LLVPIV3L&L d) Equity shares At market price, if quoted, otherwise at
3LRZV*LL ULT EPL;MT*LRKLVLVHLT
ETWVRMLKLT¶LKLTB break up value of the Shares as per latest
ETD[ET W*L&LX:¶L*LK>W6¶L'LLÈG3LEB*LVI`! Balance Sheet (not more than one year old),
. WGÉL&LLVLT¶LK ¶LGOELT7GE¶LLY¶LLHLT 3LLT $LLuLLK&LX:¶L*LKW6¶L'LL otherwise at Re.1 per company
)LLK3LI¶L GKuLP; $L4BE! J2WLC; &L &L.I &LLY;GVOT;LLTB e) Preference shares At market price, if quoted or on appropriate
ETWVRMLKN*L¶LR%S*LGK*L%P3LL*LKE3LRÈG3LOLV&LX:¶L yield to maturity basis not exceeding
MTWGÉLEVHIB redemption value as per RBI/FIMMDA
guidelines.
Q $LBÉL*LLWL4KG.$LTBQK WGY[&LLTB ¶LGOELT7GE¶LLY¶LLHLT 3LLT $LLuLLK&LX:¶L*LKW6¶L'LL
EIÈ²G3LETVHIB
)LLK3LI¶LGKuLP; $L4BE! J2WLC; &L &L.I &LLY;GVOT;LLTB ET f) Bonds and debentures At market price, if quoted, or on appropriate
(not in the nature of yield to maturity basis as per RBI/FIMMDA
WVRMLK>N*L¶LR%S*LGK*L%P3LLÈG3L¾2Z*LK
advances) guidelines.
/ &¶LXQRWZ¾2.LTBET¶LXGV7 ¶LGOELT7GE¶LLY¶LLHLT3LLT-7L8E %MQTBUET)LLPET
g) Units of mutual funds As per stock exchange quotation, if quoted;
WVRMLKWL4K¶LGOELT7VGE¶LLY¶LLHLT 3LLT *LRV<L;KIO
at repurchase price/NAV, if unquoted
&LX:¶L! V PI*LK
h) Commercial Paper At carrying cost
U PLGLG5¶LE*LT*LK K<LLPZLY3L*LK
U&LLÈ&LLL*LL K<LLPZLY3L*LK i) Certificate of Deposits At carrying cost.
¸L WLKMIWLC; ZEIÈG3L)LXG3L WLKMIWLC; Z^LKLEIYC; LLTLLLETWVRMLKWLG-3L j) Security receipts of At net asset value of the asset as declared
ARCIL by ARCIL
KMIOTB ETLRWLG-3L&LX:¶L*LK
7 N]&L*LXUIGVGÉL¶LL N]&L *LXUI GVGÉL¶LLTB ^LKL EI YC; LLTLLL ET WVRMLK k) Venture Capital Funds At net asset value (NAV) declared by the
VCF
WLG-3LETLRWLG-3L&LX:¶L*LK
# W6¶LGVPTL K<LLPZLY3L&LTBMTÀLM L7LEK l) Other Investments At carrying cost less diminution in value
G$L¹IHT3LRN*LZ$ÉL3L'LL0¶LL*LLKHT3LRK<LTY PY;&LTBN*L¶LR;%S&LX:¶LLBEV The above valuation in category of Available for Sale and Held
È3¶LTE G-¹*L ET GZ WZY WZY GE¶LL UL3LL H4 3L'LL È3¶LTE for Trading is done scrip wise and depreciation/appreciation
is aggregated for each classification. Net depreciation for each
PYI;EKLETGZ &LX:¶LÀLM!PAGULT.IUL3LIH4"¶LGOLR&LX:¶LÀLM classification, if any, is provided for while net appreciation is
H4 3LLT È3¶LTEPYI;EKLET GZ ÈLPÉLLVGE¶LLUL3LLH4 U$LGELR ignored.
PAGVHIBOLL;¶LIUL3LI"
)LLK3LI¶LGKuLP; $L4BEET V*LIWLC; PYI;EKLET GPPTEI&LLVOB.LTB ET 5.8 Investments are subject to appropriate provisioning/ de-
WVR*LGVPTLLTB*LKN*L¶LR%SÈLPÉLLVIEKL3L'LLWL¶LW&LL6¶LIEKLZLYX recognition of income, in line with the prudential norms of
251
GE¶LT UL3LT H4B "WGY[&LLTB ET *L&LTB WVU;EÈG3L)LXG3L¶LLTB ET MB$LBÉL&LTB Reserve Bank of India for NPI classification. The depreciation/
&LX:¶LÀLM!ÈLPÉLLVW6¶LWU;EÈG3L)LXG3L¶LLTBETMB$LBÉL&LTBPAGETM&L\L provision in respect of non-performing securities is not set off
against the appreciation in respect of the other performing
M&LBUVM47WL8J2VHIBGE¶LLY¶LLH4" securities.
GEMI)LI+TLIETGVPTLLTBEIG$L¹IMTHR ZL)L!HLGVELTZL)LP 5.9 Profit or loss on sale of investments in any category is taken
HLGV<LL3LT&LTBZTUL¶LLUL3LLH4E3LR??*LGK*L%P3LLHT3LRK<LTY¶LT+TLI to Profit and Loss account but, in case of profit on sale of
investments in “Held to Maturity” category, an equivalent
ETGVPTLLTBEIG$L¹IMTHR ZL)LET&LL&LZT&LTBNMET$LKL$LKEIKLGL amount is appropriated to “Capital Reserve Account”.
??*LXBUIÈLKG\L3LGVGÉL<LL3LT&LTBGPGV¶LLTGU3LEIUL3LIH4"
PL*LM<LKIO0¶LP-'LLETW63LY;3L*LRV<LKIOI!*LRV$LTQIY¶LIÈG3L)LXG3L¶LLTB 5.10 Securities repurchased/resold under buy back arrangement
are accounted for at original cost.
ELTNVEI&LXZZLY3L*LKGHML$L&LTB GZ¶LLUL3LLH4"
0¶LL*LLKW'LPLÈG3LK\LLETÈ¶LLTUVMT0¶LR3*L£.TGKPTG70MZTVOTVGE¶LT 5.11 The derivatives transactions are undertaken for trading or
Y¶LTH4B"0¶LL*LLGKEZTVOTV$LLuLLK&LX:¶L*LKH4")LLK3LI¶LGKuLP;$L4BE hedging purposes. Trading transactions are marked to market.
As per RBI guidelines, different categories of swaps are valued
ETGVOT;LLVRMLKWOZL$LOZIEIGPG)L£+TGL¶LLTBEL&LX:¶LVGV&VP3L_ as under: -
GE¶LLY¶LLH4
ÈG3LK\LLWOZL$LOZI Hedge Swaps
$¶LLUOKWOZL$LOZIULT$¶LLUPLHEWLG-3LW'LPLOT¶L3LLEIÈG3LK\LL Interest rate swaps which hedge interest bearing asset or

liability are accounted for on accrual basis except the swaps
EK3LIH4>ELTN*LQ¶LWLÉLLK*LKZT<LLBGE3LGE¶LLUL3LLH4>GEMIWLG-3L designated with an asset or liability that are carried at market
W'LPLOT¶L3LLET ML'LWG)LGH3LWOZL$LOZIELT /LT.EKULT GPºLI¶L value or lower of cost in the financial statement.
GPPKLI&LTB$LLuLLK&LX:¶LW'LPLE&LEI&L3L*LKGZ¶LLUL3LLH4"
WOZL $LOZI EI M&LLG*3L *LK ZL)L P HLGV¶LLTB EI WOZL$LOZI ET Gain or losses on the termination of swaps are recognized
over the shorter of the remaining contractual life of the swap
6¶LXV3LK$LEL¶LLMBGPOLY3LUIPVW'LPLWLG-3L!OT¶L3LLEILTLWPGÉL or the remaining life of the asset/ liabilities.
*LKULT)LIE&LHLT&LLVLUL3LLH4"
0¶LL*LLGKEWOZL$LOZI Trading Swaps
0¶LL*LLGKEWOZL$LOZIELZTVOTVGPºLI¶LGPPKGL¶LLTB &LTB GKEL.;GE Y Trading swap transactions are marked to market with changes
*LGKP3L;VLTB MGH3L$LLuLLK&LX:¶LEI3LRZVL&LTB GQGª3LGE¶LLUL3LLH4" recorded in the financial statements.
GPOTLI&LRÇLGPE:*L 5.12 Foreign currency options

W6¶L$L4BEET ML'L$L4E7X $L4EEL867T%7ET *L&LTB $L4BE^LKLGE¶LL Foreign currency options written by the bank with a back-to-
Y¶LLGPOTLI&LRÇLGPE:*L$LLuLLK&LX:¶L*LKVHIBH4>%¶LLTBGECM&LTB$LLuLLK back contract with another bank are not marked to market
since there is no market risk.
ULTG<L&LVHIBH4"
ÈL*3L ÈIG&L¶L&L ELT OT¶L3LL ET *L &LTB K<LL Y¶LL H4 WL4K *LGK*L%P3LL! Premium received is held as a liability and transferred to the
GVK-3LIEKL*LKZL)LPHLGV<LL3LT&LTBW63LGK3LGE¶LLY¶LLH4" Profit and Loss Account on maturity/cancellation.
GPOTLI&LRÇLMTMB$LBGÉL3LZTVOTVWL4KLTLLTBEL*LGKP3L;V 6. TRANSLATION OF FOREIGN CURRENCY TRANSACTIONS

& BALANCES:
E
*LXP;P3LI;ZBOVLL<LLWLTBETWGY[&LLTBELT/LT.EK>GUVEL)LLK3L&LTB
a. Except advances of erstwhile London branches which
WB3LKLEIG3LG'LELTZLYXGPGV&L¶LOKLTBETWLÉLLK*LK*LGKP3L;V are accounted for at the exchange rate prevailing on the
GE¶LLUL3LLH4>)LLK3LI¶LGPOTLI&LRÇL0¶LL*LLKIMB L J2T.LC;
ET date of parking in India, all other monetary assets and
&LLY;GVOT;LV ET WVRMLK 3LRZV *LL G3LG'L *LK GPGV&L¶L OKLTB ET liabilities, guarantees, acceptances, endorsements and
WLÉLLK*LK&LL4GÇEWLG-3L¶LLTB3L'LLOT¶L3LLWLTB>YLKBG7¶LLTB>-PI²G3L¶LLTB> other obligations are translated in Indian Rupee equivalent
at the exchange rates prevailing as on the Balance Sheet
*LAsLBEVLTBPW6¶LOLG¶L3PLTBELTM&L3LR:¶L)LLK3LI¶L*L¶LT&LTB*LGKP3L3L date as per Foreign Exchange Dealers’ Association of India
GE¶LLUL3LLH4" (FEDAI) guidelines.
<L
WQZWLG-3L¶LLTBMTC3LKY4K&LL4GÇE&LOLTBEL*LGKP3L;VZTVOTV b. Non-monetary items other than fixed assets are translated
EIG3LG'LELTÈ)LLPIGPGV&L¶LOKLTB*LKGE¶LLUL3LLH4" at exchange rate prevailing on the date of transaction.
Y
PL¶LOLGPGV&L¶LMBGPOLWLTBELT)LLK3LI¶LGPOTLI&LRÇL0¶LL*LLKIMB L c. Forward exchange contracts are translated as on the
^LKL3LRZV*LLG3LG'L*LKWGÉLMXGQ3LGPGV&L¶LOKLTB *LK*LGKP3L3L Balance Sheet date at the rates notified by FEDAI and the
252
okf"kZd fjiksVZ
GE¶LLUL3LLH4WL4KJ2Z-P*L&LX:¶LLBEV*LKHR ZL)L!HLGVELT resultant gain/loss on translation is taken to Profit & Loss

ZL)LPHLGV<LL3LT&LTBGO<LL¶LLUL3LLH4" Account.
L
WL¶L3L'LL0¶L¶LEI&LOTBZTVOTVEI3LLKI<LELTÈQGZ3LGPOTLI d. Income and expenditure items are accounted for at the
exchange rate prevailing on the date of transaction.
GPGV&L¶LOK*LK*LGKP3L3LEIUL3LIH4B"
¥
GPOTLG-'L3LLL<LL B!W*L3L7I¶L$L4BEYCELC¶LLB e. Offices outside India / Offshore Banking Units:
i
GPOTLG-'L3LLL<LLWLTB WL4KW*L3L7I¶L$L4B EY¶LXGV7LTB ET*LGKQLZVLTB i. Operations of foreign branches and off shore banking
unit are classified as “Non-integral foreign operations”
ELT??Y4KM&LLEGZ3LGPOTLI*LGKQLZVLTB &LTB PYI;²3LGE¶LLY¶LLH4 and operations of representative offices abroad are
WL4KGPOTL&LTB ÈG3LGVGÉLEL¶LL;Z¶LLTB ET*LGKQLZVLTB ELT??M&LLEGZ3L classified as “integral foreign operations”.
GPOTLI*LGKQLZVLTB ET*L&LTB PYI;²3LGE¶LLY¶LLH4"
ii
M&LLEGZ3LGPOTL*LGKQLZVLTB ETGPOTLI&LRÇLZTVOTVLTB ELTWL4K ii. Foreign currency transactions of integral foreign
operations and non-integral foreign operations are
Y4KM&LLEGZ3LGPOTLI*LGKQLZVLTB ELTZT<LLBEV&LLVE accounted for as prescribed by AS-11.
&LTB GO Y GVÉLL;KLETWVRMLKGHML$L&LTB GZ¶LLUL3LLH4"
iii
YK4 M&LLEGZ3L*LGKQLZVLTB *LKGPGV&L¶L L7$LETZL)L!HLGVELT iii. Exchange Fluctuation on Profit / loss of non-integral
GPGV&L¶L L7$LÈLKG\L3LGVGÉL&LTB U&LL!VL&LTGE¶LLUL3LLH4" operations is credited /debited to exchange fluctuation
reserve.
WL¶L*LKEK 7. TAXES ON INCOME
PL;ETGZ EK¶LLT9¶LWL¶LETMB$LBÉL&LTB MBO¶T LEKEIKLGL*LKQLZXEK Current tax is determined on the amount of tax payable in
respect of taxable income for the year and accordingly
ELGVÉLL;KLHLT3LLH43L'LL3LOVRMLKEKETGZ ÈLPÉLLVGE¶LLUL3LLH4"
provision for tax is made.
WL-'LGY3LEKÈ)LLKW'LPL¹TG.7EI*LHQLVNVEKOKLTB ELC-3LT&LLZ The deferred tax charge or credit is recognized using the tax
EK3LTHR EIUL3LIH4ULT3LRZV*LLG3LG'L^LKLWGÉLGV¶LG&L3LGE Y W'LPL rates that have been enacted or substantially enacted by the
P-3LR3LWGÉLGV¶LG&L3LGE Y "WLC;MI WLC;^LKLULKIZT<LLBEV&LLVE Balance Sheet date. In terms of Accounting Standard 22 issued
by ICAI, provision for deferred tax liability is made on the basis
EIL3LL;ÉLIVWL-'LGY3LEKOT¶L3LLETGZ ÈLPÉLLVÈ3¶LTE3LRZV*LLG3LG'L of review at each Balance Sheet date and deferred tax assets
*LKM&LI\LL ET WLÉLLK *LK GE¶LL UL3LL H4 WL4K WL-'LGY3L EK WLG-3L¶LL are recognized only if there is virtual certainty of realization
ETPZ3L)LI&LL6¶LHLT3LIH4B U$LWLG-3L¶LLTB EI)LGP¶L&LTB PMXZIHLTVLPL-3LP of such assets in future. Deferred tax assets/ liabilities are
&LTB MRGVG1L3LHLT3LLH4"WL-'LGY3LEKWLG-3L¶LL!OT¶L3LLWLTB EI*LRVKI\LLPL;ET reviewed at each Balance Sheet date based on developments
during the year.
OL4KLVHRC; ÈYG3LETWLÉLLK*LKÈ3¶LTE3LRZV*LLG3LG'LELTEIUL3LIH4"
E&L;QLKI¾2L¶LOT 8. EMPLOYMENT BENEFITS
q )LGP¶LGVGÉL • PROVIDENT FUND
)LGP¶LGVGÉL EMR*LGK)LLGL3LWBLOLV¶LLTUVLH4%¶LLTBGE$L4BE*LXP; Provident fund is a defined contribution scheme as the
Bank pays fixed contribution at pre-determined rates. The
GVÉLL;GK3LOKLTB*LKGVG1L3LWBLOLVEL)LRY3LLVEK3LLH4"$L4BEEL obligation of the Bank is limited to such fixed contribution.
OLG¶L3P TMTGVG1L3LWBLOLV3LEMIG&L3LH4"¶LTWBLOLVZL)L The contributions are charged to Profit & Loss A/c.
PHLGV<LL3LT&LTBQLU;GE UL3LTH4B"
• GRATUITY:
q N*LOLV
N*LOLV OT¶L3LL E MR*LGK)LLGL3L ZL)L OLG¶L3P H4 WL4K $LI&LLBGE3L Gratuity liability is a defined benefit obligation and is provided
for on the basis of an actuarial valuation. The scheme is
&LX:¶LLBEVET WLÉLLK*LKGO¶LLUL3LLH4 "¶LH¶LLTUVL$L4BE^LKL funded by the bank and is managed by a separate trust.
GPºL*LLTGL3LH4WL4K EWZY7-7^LKLQZLC;UL3LIH4"
q *LTBLV • PENSION:
*LTBLV OT¶L3LL E MR*LGK)LLGL3L ZL)L OLG¶L3P H4 WL4K $LI&LLBGEE Pension liability is a defined benefit obligation and is provided
for on the basis of an actuarial valuation. The scheme is
&LX:¶LLBEVETWLÉLLK*LKOIUL3LIH4"¶LH¶LLTUVL$L4BE^LKLGPºL funded by the bank and is managed by a separate trust.
*LLTGL3LH4WL4K EWZY7-7^LKLQZLC;UL3LIH4"
q \LG3L*LX3LWVR*LG-'LG3L¶LLB • COMPENSATED ABSENCES:
N*LGQ3L\LG3L*LX3LWVR*LG-'LG3L¶LLBU4MTWU3L/RG7_7¶LLWL4K$LI&LLKI Accumulating compensated absences such as Privilege

Leave (PL) and Sick Leave (including un-availed casual
EI /RG7_7¶LL WÈ¶LR%S WLEG-&LE /RG7_7¶LLTB MGH3L $LI&LLBGEE leave) are provided for based on actuarial valuation.
&LX:¶LLBEVWLÉLLK*LKOIUL3LIH4B"
253
q W6¶LE&L;QLKIZL)L • OTHER EMPLOYEE BENEFITS:
W6¶LE&L;QLKIZL)LU4MT /R7_7IGEKL¶LLGK¶LL¶L3L>GM:PKUR$LZI Other Employee Benefits such as Leave Fare Concession
(LFC), Silver Jubilee Award, Medical Benefits etc. are
WPL.;>&LTG.EZ¾2L¶LOT C3¶LLGO$LI&LLBGEE&LX:¶LLBEVET WLÉLLK provided for based on actuarial valuation.
*LKGO UL3LTH4B"
HLB 3LE GPOTL G-'L3L LL<LLWLTB WL4K EL¶LL;Z¶LLTB EL MB$LBÉL H4
U In respect of overseas branches and offices, the benefits
in respect of employees other than those on deputation
ÈG3LGV¶LRG%S*LKY E&L;QLGK¶LLTB ELT GO Y ZL)LLTB ET WZLPL
are accounted for as per laws prevailing in the respective
W6¶LM)LIZL)LNVOTLLTB&LTBZLYXELVXVLTBETWVRMLKH4B" countries.
WLG-3L¶LLTBEIW*LML&LL6¶L3LL 9. IMPAIRMENT OF ASSETS

¶LGOELTC; W*LML&LL6¶LHLGV¶LL H4B 3LLT NVEI*LHQLVWLC;MI WLC; ^LKL Impairment loss, if any, is recognised in accordance with
the accounting standard issued in this regard by ICAI
CMM&$L6ÉL&LTB ULKIZT<LLBEV&LLVEET WVRMLKEIUL3LIH4 WL4K and impairment loss on any revalued asset is treated as a
GE6HIB *LRV&LX;:¶LLBGE3LWLG-3L¶LLTB *LKW*LML&LL6¶LHLGV¶LL HRC; HLTB 3LLT N6HTB revaluation decrease.
*LRV&LX;:¶LLBEVGYKLP7ET*L&LTB&LLVLUL3LLH4"
KLU-P&LL6¶L3LL 10. REVENUE RECOGNITION
WL¶L!0¶L¶L *L4KL&LTBMBO)L3L&LOLTBMTG)L£
ELTML&LL6¶L3LN*LQ¶L 10.1 Income / expenditure (other than items referred to in paragraph
WLÉLLK*LKZT<LLBGE3LGE¶LLUL3LLH4" 10.4) is generally accounted for on accrual basis.
)LLK3LI¶LGKuLP; $L4BEET &LLY;GVOT;LLTB ET WVRMLKWVU;EWLG-3L¶LLTB MT 10.2 Income on non-performing assets is recognized on realisation
as per RBI guidelines.
M&$LG6ÉL3LWL¶LELTNVEIPMXZIHLTVT*LK&LL6¶L3LLOIUL3LIH4"
WVU;EWGY[&L<LL3LLTBEIPMXGZ¶LL8B PMXZIELK;PLC;ET&LLT.!G-'LG3L!-7TU 10.3 Recoveries in NPA accounts (irrespective of the mode / status
/ stage of recovery actions) are appropriated in the following
EI*LKPLHGE¶LT$LY4K
GV&VGZG<L3LÈL'LG&LE3LL¹&L&LTBGPGV¶LLTGU3LEI
order of priority:-
UL3LIH4
BEPMXZIHT3LRN*LGQ3L0¶L¶L!¾2R7EK<LQ; *LHZTNBQ3LIOT¶LLTB&LTBGKEL.; a. Expenditure/out of pocket expenses incurred for recovery
(earlier recorded in memorandum dues);
GE¶LTY¶LT
B<LÈ&LR<LWGV¶LG&L3L3LL¶LTBW'LL;3L_<LL3LT&LTB$LEL¶LL VJI b. Principal irregularities i.e. NPA outstanding in the account.

c. Towards the interest irregularities/accrued interest.
Y$¶LLUWGV¶LG&L3L3LLWLTB!N*LGQ3L$¶LLUETÈG3L
E&LILV> MKELKIELKLT$LLK*LKE&LILVELT /LT.EK
!WL4KWG3LOT¶L 10.4 Commission (excluding on Government Business), interest on
G$LZLTB*LK$¶LLU>GPGV&L¶L>ZL8EKGEKL >&LQT7$L4BEYZTVOTVLTBMTÈL*3L overdue bills, exchange, locker rent, income from merchant
banking transactions and dividend income are accounted for
WL¶LZL)LLBLWL¶LPMXZI*LKWL4K$LI&LLOLPLTBELTGV*L7LV*LKZT<LLBGE3L on realization and insurance claims are accounted for on
GE¶LLUL3LLH4" settlement.
WL¶LEK ET GKJ2B.LTB *LK $¶LLU ET *L &LTB ÈL*3L WL¶L ELT MB$LBGÉL3L 10.5 Income from interest on refund of income tax is accounted for
ÈLGÉLELGK¶LLTB^LKL*LLGK3LWLOTLETPL;&LTBKTB<LLE3LGE¶LLUL3LLH4" in the year the order is passed by the concerned authority.
W6¶L 11. OTHERS

WOºLPWOLPLEAºLJGKJ%PFILOIUFLKLGLTBJK$LUDQS<LLST 11.1 Interest on unpaid and unclaimed matured term deposits is
EIOKMTGOLULSLH4" accounted for at savings bank rate.
254
okf"kZd fjiksVZ
WVRMXQI SCHEDULE 18
<LL3LLTBMTMB$LBGÉL3LG7**LGL¶LLB NOTES TO ACCOUNTS
*LXUI ` EKLT.FTB
1. Capital (` in Crore)
¹ GPPKL 31.03.2015 31.03.2014 Sl. Particulars 31.03.2015 31.03.2014
MB No.
i. ML&LL6¶LCG%P7I7I¶LK*LXBUIWVR*LL3L %
8.74 8.55 i. Common equity Tier 1 Capital ratio (%) 8.74 8.55
ii 7I¶LK*LXBUIWVR*LL3L %
9.30 8.87 ii Tier 1 Capital ratio (%) 9.30 8.87
iii 7I¶LK*LXBUIWVR*LL3L %
2.91 2.65 iii Tier 2 Capital ratio (%) 2.91 2.65
iv. ERZ*LXBUIWVR*LL3L MIWLK WLK
%
12.21 11.52 iv. Total Capital ratio (CRAR) (%) 12.21 11.52
v. $L4BE &LTB )LLK3L MKELK EI LT¶LKÉLLGK3LL EL 59.86% 58.87% v. Percentage of the shareholding of the 59.86% 58.87%
ÈG3LL3L Government of India in the Bank
vi. UR7LC;YC;CG%P7I*LXBUIEIKLGL 8.84* 8.60 vi. Amount of equity Capital raised 8.84* 8.60
vii. UR7LC; YC; 7I¶LK" WG3LGK%S *LXBUI EI KLGL 1500.00 vii. Amount of Additional Tier 1 Capital 1500.00
raised; of which
GUM&LTB NIL
LX6 PNCPS: NIL
*LI VMI*LI M LX6 PDI: 1500.00
*LI.IWLC; 1500.00 viii Amount of Tier 2 Capital raised; of which 2000.00 1500.00
viii UR7LC;YC;7I¶LK*LXU B IEIKLGLGUM&LTB L 2000.00 1500.00 Debt Capital instrument: 2000.00 1500.00
*LXU B IGZ<L3LTB $LTG&L¶LLOI 2000.00
B IGZ<L3LTWGÉL&LLVLT¶LK*LXU 1500.00 Preference Share Capital Instruments:[
Perpetual Cumulative Preference Shares NIL NIL
MBQ¶LI WGÉL&LLV LT¶LK *LIMI*LI M!ÈG3LOT¶L Y4K
LX6 LX6 (PCPS / Redeemable non- Cumulative
MBQ¶LIWGÉL&LLVLT¶LK WLK VMI*LI M
!ÈG3LOT¶L Preference Shares (RNCPS) /Redeemable
MBQ¶LIWGÉL&LLVLT¶LK WLKMI*LI M
> Cumulative Preference Shares (RCPS) ]
* ÈG3LLT¶LKETÈIG&L¶L&L*LKÈ3¶LTE`!ETCG%P7ILT¶LK"*LXBUI * 44207317 equity Shares of `2/- each at premium of `194.80 per share issued
EKLT. LT¶LKÈIG&L¶L&LEKLT. PL; ET OL4KLVUR7L¶LIY¶LIERZ*LXBUI during the year. Capital `8.84 crores, share premium `861.16 crore (Total Capital
ÈKLT.
raised during 2014-15 : `870 crore).
GVPTL ÈKLT.&LTB

2. Investments (` in Crore)
GPPKL 31.03.2015 31.03.2014 Particulars 31.03.2015 31.03.2014

GVPTLLTBEL&LX:¶L (1) Value of Investments
(i) GVPTLLTBELMEZ&LX:¶L 151885.78 144974.50
i Gross value of Investments 151885.78 144974.50
E )LLK3L&LTB 149222.97 142483.74
<L )LLK3LMT$LLHK 2662.81 2490.76 a In India 149222.97 142483.74
(ii) &LX:¶LÀLMETGZ ÈLPÉLLV 603.44 1188.99

b Outside India 2662.81 2490.76
E )LLK3L&LTB 603.44 1188.98
ii Provisions for Depreciation 603.44 1188.99
<L )LLK3LMT$LLHK 0.00 0.01 a In India 603.44 1188.98
(iii) GVPTLLTBELGVPZ&LX:¶L 151282.35 143785.51 b Outside India 0.00 0.01
E )LLK3L&LTB 148619.53 141294.76 iii Net value of Investments 151282.35 143785.51
a In India 148619.53 141294.76
<L )LLK3LMT$LLHK 2662.82 2490.75
b Outside India 2662.82 2490.75

GVPTLLTB *LK &LX:¶LÀLM ET GZ ÉLLGK3L (2) Movement of provisions held towards
ÈLPÉLLVLTB&LTB L7$L depreciation on investments.
(i) !ELTÈLKG&)LELTL 1189.04 *491.63
i Opening balance as on 01.04.2014/ 1189.04 *491.63
01.04.2013
(ii) ULT.TBPL;ETOL4KLVGE Y ÈLPÉLLV 0.00 697.51 ii Add: Provisions made during the year 0.00 697.51
(iii) L7L B PL; ET OL4KLV GE Y WGÉLE 585.60 0.15

ÈLPÉLLV ET GZ $L7_7T <LL3LT .LZI Y¶LI! iii Less: Write-off/ write-back of excess 585.60 0.15
provisions during the year(Net)
ÈG3LGZG<L3LKLGL LR
iv Closing balance as on 603.44 1188.99

(iv) !ELTCG3LLTL 603.44 1188.99 31.03.2015/31.03.2014
* Figures of the previous period have been regrouped / rearranged /

* G*L/ZI WPGÉL ET WLBE.LTB EL *LRVM;&LXHV!*LRV0¶L;P-'LLJV!*LRVP;YI;EKL re-classified wherever necessary, to conform to current period’s clas-
GE¶LLY¶LLH4 UHLB EHIB QLZX WPGÉLET PYI;EKLET WVR*L$LVLVL sification.
WLP¶LEH4"
255
3. KT*LLTZTVOTV 3. Repo Transactions
ÈKLT.&LTB
(ìn Crore)
WBGE3L&LX:¶L Face Value Minimum Maximum Daily Outstand-
ELTM&LL*3L ELTM&LL*3L ELTM&LL*3L EIG-'LG3L outstanding outstanding Average ing as on
during the during the outstanding 31.03.2015
PL;ETOL4KLV PL;ETOL4KLV PL;ETOL4KLV ETWVRMLK
year ended year ended during the
6¶LXV3L&L$LEL¶LL WGÉLE3L&L O4GVEWL4M3L $LEL¶LL 31.03.2015 31.03.2015 year ended
$LEL¶LL $LEL¶LL 31.03.2015
KT*LLTETW63LY;3L$LTQIYC; Securities sold
ÈG3L)LXG3L¶LLB under repo
(i) Government 0.00 9658.00 1937.25 0.00
(i)MKELKIÈG3L)LXG3L¶LL 0.00 9658.00 1937.25 0.00
Securities
(ii)GVYG&L3LL 0.00 0.00 0.00 0.00 (ii) Corporate 0.00 0.00 0.00 0.00
ÈG3L)LXG3L¶LL Debt Securities
GKPM;KT*LLTETW63LY;3L Securities
purchased under
<LKIOIYC;ÈG3L)LXG3L¶LLB
reverse repo
(i)MKELKIÈG3L)LXG3L¶LL 0.00 11083.25 3289.99 2570.00 (i) Government 0.00 11083.25 3289.99 2570.00
(ii)GVYG&L3LL 0.00 0.00 0.00 0.00 Securities
ÈG3L)LXG3L¶LL (ii) Corporate 0.00 0.00 0.00 0.00
Debt Securities
M ZWLKMTC3LKGVPTLMBGP)LLY 4. Non-SLR Investment Portfolio
E M ZWLKMTC3LKGVPTLLTBETGVY;&LE3LL;MBKQVL 4a. Issuer composition of Non SLR investments
ELT
ÈKLT.FTB
(As on 31.03.2015) (ìn Crore)
??GVPTL Extent of
GVUI\LTL&LTB G$LVL ??Y4K Extent
+TLIMT Extent of ‘Below Extent of
of
GVPTLEI KT7YEI MXQI$L No. Issuer Amount Private Investment ‘Unrated’
MB<¶LL GVY;&LE3LL; KLGL VIQTEI Placement Grade’ Securities
‘Unlisted’
Y¶LIKLGL ÈG3L)LXG3L¶LLTB ÈG3L)LXG3L¶LLTB Securities
ÈG3L)LXG3L¶LLTB Securities
EIMI&LL EIKLGL EIKLGL
EIKLGL (1) (2) (3) (4) (5) (6) (7)
(1) (2) (3) (4) (5) (6) (7) (i) PSUs 8174.95 (NIL) (NIL) 1476.17 (NIL)
(i) MKELKI\LTLET 8174.95 (LX6) (LX6) 1476.17 (LX6) (10404.49) (NIL) (NIL) (2211.23) (NIL)
N*L¹&L (10404.49) (LX6) (LX6) (2211.23) (LX6) (ii) FIs 6153.76 28.00 (NIL) (NIL) 76.62
(ii) GPºLI¶LMB-'LL B 6153.76 28.00 (LX6) (LX6) 76.62 (7430.91) (27.90) (NIL) (NIL) (76.62)
(7430.91) (27.90) (LX6) (LX6) (76.62) (iii) Banks 4794.77 (NIL) (NIL) (NIL) (NIL)
(iii) $L4BE 4794.77 (LX6) (LX6) (LX6) (LX6) (4783.38) (NIL) (NIL) (NIL) (NIL)
(4783.38) (LX6) (LX6) (LX6) (LX6) (iv) Private 4385.73 50.00 (NIL) 3.07 303.09
(iv) GVUIEL8*LLT;KT7 4385.73 50.00 (LX6) 3.07 303.09 Corporates (2604.76) (50.00) (NIL) (2.90) (277.55)
(2604.76) (50.00) (LX6) (2.90) (277.55) (v) Subsidiaries 2091.35 (NIL) (NIL) (NIL) 367.39
(v) WVRLBGY¶LL! 2091.35 (LX6) (LX6) (LX6) 367.39 / Joint (1727.63) (NIL) (NIL) (NIL) (367.39)
(1727.63) (LX6) (LX6) (LX6) (367.39) Ventures
MB¶LR%SN]&L
(vi) Others* 2903.70 (NIL) (NIL) 1.96 28.21
(vi) W6¶L* 2903.70 (LX6) (LX6) 1.96 28.21
(871.50) (NIL) (NIL) (NIL) (3.09)
(871.50) (LX6) (LX6) (LX6) (3.09)
(vii) Provisions -354.32 (NIL) (NIL) (NIL) (NIL)
(vii) &LX:¶LÀLMET -354.32 (LX6) (LX6) (LX6) (LX6)
held towards (-510.32) (NIL) (NIL) (NIL) (NIL)
GZ ÈLPÉLLV (-510.32) (LX6) (LX6) (LX6) (LX6) depreciation.
ULT. 28149.94 78.00 LX6 1481.20 775.31 Total 28149.94 78.00 NIL 1481.20 775.31
(27312.34) (77.90) (LX6) (2214.13) (724.65) (27312.34) (77.90) (NIL) (2214.13) (724.65)
(Figures in brackets relate to previous year).
ELTsELTB&LTBGO Y WL8BE.TG*L/ZTPL;ETH4B
*W6¶L&LTB WVRMXQIET W63LY;3LMKELKIÈG3L)LXG3L¶LLTB &LTB NGkG<L3LGPLTLMKELKI *Others include Special Govt. Securities (net of depreciation) of `1009.23 crore
ÈG3L)LXG3L¶LLTB &LX:¶LÀLMET$LLO
EI*L¶LTEKLT.EIKLGLEIGPLTLMKELKI shown under Govt. Securities in Schedule 8. Amounts reported under columns 4, 5,
ÈG3L)LXG3L¶LLLLG&LZH4B"EL8Z&L>>WL4KMT¦*LKETWB3LY;3LOLL;¶LIY¶LIKLGL 6 and 7 above may not be mutually exclusive.
*LK-*LKMB$LVHIBHLTME3LI"
<L WVU;E M ZWLKMTC3LKGVPTL 4b. Non-performing Non-SLR investments
` EKLT.&LTB
(ìn Crore)
ÈLKG&)LELTL !ELT
144.94 112.84 Opening balance as on 01.04.2014/ 144.94 112.84
01.04.2013
PL;ETOL4KLVPAG 165.60 146.29 Additions during the year 165.60 146.29
PL;ETOL4KLVE7L4SI 12.78 114.19 Reductions during the year 12.78 114.19
!ELTCG3LLTL 297.76 144.94 Closing balance as on 31.03.2015/ 297.76 144.94
31.03.2014
ERZÉLLGK3LÈLPÉLLV 250.41 141.69 Total provisions held 250.41 141.69
256
okf"kZd fjiksVZ
Y Q7I &L+TLI&LTB!MTG$L¹I PBWB3LKL 4c. Sale and transfers to / from HTM category
WÈ4ZMT&LLQ;ETOL4KLV Q7I &L+TLI&LT!B MTÈG3L)LXG3L¶LLTB EI The total value of sales and transfers of securities to / from
G$L¹IWL4KWB3LKLLTB ELERZ&LX:¶LELTG-'LG3LETWLÉLLKJK HTM category during 1st April’14 to 31st March’15 has not
exceeded 5% of the book value of investments held in HTM
Q7I &L+TLI&LTB ÉLLGK3LGVPTLLTB ET$LHI&LX:¶LETMTWGÉLEVHIBH4" category as on 31.03.2015.
{N%SJ[GSLSEIGPGVGO;7MIFLFTB D4E B LTB ^LKLZT<LLBEVPL;ETWLKB)LFTB {The 5 percent threshold referred to above will exclude the
GVOTLEFB.ZMTJ[L*SWVRFLTOVETML'L Q7I F+TLIELT!MTJ[GS)LXGSLTB one- time transfer of securities to/ from HTM category with the
EL EDLKWBSKLLLGFZVHIBH4B WL4KJXP; LLTGLSWLT FWLTVIZLFIET approval of Board of Directors permitted to be undertaken by
banks at the beginning of the accounting year and sales to the
SHS)LLKSIGKU;PD4E B ELTVIZLFIEIULTYI"}
Reserve Bank of India under pre-announced OMO auctions}
CMJ[ELK)LLKSIGKU;PD4E
B ETFL4UOX LGOLLGVOT; LLTB ETWVRMLKELTC; )LI As such no disclosure is to be made in terms of extant RBI
J[E7IEKLWLPEVHIBH4" guidelines.
.TGKPTG70uL 5. Derivatives

E PL¶LOLOKEKLK!$¶LLUOKWOZL$LOZI -P4*L
5a Forward Rate Agreement/ Interest Rate Swap
` EKLT.&LTB
(ìn Crore)
P3L;&LLVPL; G*L/ZTPL; Current Year Previous year
GPPKL Particulars
i WOZL$LOZI EKLKLTB EL WLVR&LLGVE 1822.44## 2322.44** i The notional principal of swap 1822.44## 2322.44**
&LXZÉLV agreements
ii Losses which would be in- 4.42 30.45
ii ¶LGO OXMKL *L\L EKLK ET WB3LY;3L W*LVT 4.42 30.45 curred if counter parties failed
OLG¶L3PLTB ELT *LXKLVHIB EK3LL3LLT MB)LLGP3L to fulfill their obligations
HLGV under the agreements
iii Collateral required by the Nil Nil
iii WOZL$LOZI &LTB LLG&LZ HLTVT *LK $L4BELTB LX6¶L LX6¶L bank upon entering into
^LKLW*LTG\L3LMB*LLGK_PEÈG3L)LXG3L swaps
iv Concentration of credit risk Nil Nil
iv WOZL$LOZIETELKLLULTG<L&L LX6¶L LX6¶L arising from the Swaps
v WOZL$LOZI$LHIELNGQ3L&LX:¶L (-)13.82 (-)48.65 v The fair value of the swap (-)13.82 (-)48.65
book
## GUM&LTBMT`47.44 ELTGPºLI¶LMB-'LLVLTBETML'L$L4E7X$L4E.IZGE¶LLY¶LL
## Out of which `47.44 Crores are Back to Back Deals with Financial
H4" Institutions.
** GUM&LTBMT`647.44 ELTEL*LLT;KT7_%ZLC;B7_M!GPºLI¶LMB-'LLVLTBETML'L$L4E7X$L4E ** Out of which `647.44 Crores are Back to Back Deals with Corporate
Clients/Financial Institutions.
.IZGE¶LLY¶LLH4"
<L %MQTBU7T.YPLZT$¶LLUOK.TGKPTG70uL 5b. Exchange Traded Interest Rate Derivatives
ÈKLT.&LTB
(ìn Crore)
¹&L GPPKL KLGL Sl. Particulars Amount
No.
MB
(i) Notional Principal amount of exchange traded interest
(i) PL; WÈ4Z&LLQ; ET OL4KLV %MQTBU7T.YPLZT rate derivatives undertaken during the year April, 2014
$¶LLUOK.TGKPTG70UEIWVR&LLGVE&LXZÉLVKLGL GZ<L3LPLK
to March, 2015 (instrument-wise) 356.20
E
$¶LLUOKPL¶LOL 356.20
A. Interest rate futures
(ii) &LLQ;>EIG-'LG3LETWVRMLK$LEL¶LL %MQTBU7T.YPLZT (ii) Notional Principal amount of exchange traded interest
$¶LLUOK.TGKPTG70UEIWLVR&LLGVE&LXZÉLVKLGL GZ<L3LPLK
LX6¶L rate derivatives outstanding as on 31st March, 2015 NIL
(instrument-wise)
(iii) %MQTBU7T.YPLZT$¶LLUOK.TGKPTG70UEI TMIWLVR&LLGVE&LXZÉLV (iii) Notional Principal amount of exchange traded interest
KLGL3L'LLULTW3¶LGÉLEÈ)LLPIVHIBH4 GZ<L3LPLK
LX6¶L rate derivatives outstanding and not ‘highly effective’ NIL
(iv) %MQTBU7T.YPLZT$¶LLUOK.TGKPTG70uLEIWLVR&LLGVE&LXZÉLV (instrument-wise)
KLGLEL$LEL¶LL$LLULK&LX:¶L &LLE;7X&LLET;7
ULT W3¶LGÉLE LX6¶L (iv) Mark-to-Market value of exchange traded interest
È)LLPIVHIBH4 GZ<L3LPLK
rate derivatives outstanding and not ‘highly effective’ NIL
(instrument-wise)
257
Y .TGKPTG70uL&LTBULTG<L&LGVPTLM&$L6ÉLIÈE7IEKL 5c. Disclosure on risk exposure in derivatives
I - YRLL3&LEÈE7IEKL I- Qualitative Disclosure
$L4BEW*LVT3LRZV*LLEIÈG3LK\LLHT3LRWL4K7T.YÈ¶LLTUVLTBMT.TGKPTG7P 1. The bank uses derivatives products for hedging its own balance
N3*LLOLTBELN*L¶LLTYEK3LLH4".TGKPTG7P*LGKQLZVETULTG<L&LÈ$L6ÉLV sheets as well as trading purposes. The risk-management of
derivative operation is headed by a senior executive, who
ELÈ&LR<L EPGKsEL¶L;*LLZEH4ULTW*LVTML&LL6¶LEL¶LLTETML'L reports to the top management, independent of the line
ML'L-P3LBL*LMTEL¶L;EK3LTHR LIL;È$L6ÉLVELTCMMB$LBÉL&LTB functions. Trading positions are marked to market on daily
MXQVLOT3LLH4"7T.YEIG-'LG3LO4GVEWLÉLLK*LK$LLULK&LX:¶LET basis.
WVR*LMXGQ3LEIUL3LIH4B" 2. The derivative policy is framed by the Risk Management
Division, which includes measurement of credit risk and
. TGKPTG7PVIG3LULTG<L&LÈ$L6ÉLVÈ)LLY^LKL3L4¶LLKEIUL3LIH4GUM&LTB market risk.
¹TG.7ULTG<L&LWL4K$LLuLLKULTG<L&LETN*LL¶LMG&&LGZ3LH4B" 3. The hedge transactions are undertaken for balance sheet
3LRZV*LLETGZ ÈG3LK\LLN*LL¶LGE UL3LTH4B"GK*LLT7YWL4KULTG<L&L management. Proper system for reporting and monitoring of
EIGVYKLVIETGZ N*L¶LR%SGM-7&L&LL4UXOH4" risks is in place.
4. Policy for hedging and processes for monitoring the same is
ÈG3LK\LL HT3LR VIG3L WL4K NMEI GVYKLVI ET GZ ÈG¹¶LL B GP]&LLV in place.
H4B" 5. Accounting policy for recording hedge and non-hedge
ÈG3LK\LLWL4KY4KÈG3LK\LL7T.YELTGKEL.;EKVTETGZ ZT<LLBEV transactions are in place, which includes recognition of
income, premiums and discounts. Valuation of outstanding
VIG3L GP]&LLV H4 GUM&LTB WL¶L *LHQLV> ÈIG&L¶L&L WL4K G.-ELNB7
contracts, provisioning, collateral and credit risk mitigation are
MG&&LGZ3L H4" $LEL¶LL WVR$L6ÉLLTB EL &LX:¶LLBEV> ÈLPÉLLV> MBJLGP;E being done.
WL4KLULTG<L&LE&LGE UL3LTH4B"
II - &LLLL3&LEÈE7IEKL II - Quantitative Disclosure
ÈKLT.&LTB
(ìn Crore)
¹ &LRÇL $¶LLUOK &LRÇL $¶LLUOK Sl. Currency Interest Rate Currency Interest Rate
GPPKL Particulars
Derivatives Derivatives Derivatives Derivatives
MB .TGKPTG70U .TGKPTG70U .TGKPTG70U .TGKPTG70U No.
31.03.2015 31.03.2015 31.03.2014 31.03.2014 31.03.2015 31.03.2015 31.03.2014 31.03.2014
1 .TGKPTG70uL 1 Derivatives
(Notional
3LLEE&LXZÉLV Principal
KLGL
Amount)
E
ÈG3LK\LL ET GZ 0.00 0.00 - 647.44 (a) For Hedging 0.00 0.00 - 647.44
ÈG3LK\LLWL4K$L4E (Hedge and
7X$L4E
back to back)
<L
7T.YETGZ 207.57 1822.44# - 1675.00 (b) For trading 207.57 1822.44# - 1675.00
2 &LL%.; 7X &LLET;7 2 Marked to
Market Position
*LLTGULV
(1)
ÈG3LK\LL Hedging
E
WLG-3L
0.00 - - 0.07
a) Asset (+) 0.00 - - 0.07
<L
OT¶L3LL
-0.55 -13.82 - -
b) Liability (-) -0.55 -13.82 - -
7T.Y - -
E
WLG-3L
- - - - Trading - -
<L
OT¶L3LL
- - - (48.71) a) Asset (+) - - - -
3 GO¶LL Y¶LL L 0.00 25.66 - 59.31 b) Liability (-) - - - (48.71)
3 Credit Exposure 0.00 25.66 - 59.31

(2)
4 $¶LLU OK &LTB - -
4 Likely impact of
*LGKP3L;V EL one percentage
M&)LL0¶L È)LLP change in
**LIPI
interest rate
(100*PV01)
E
ÈG3LK\LL .TGKPTG7P - 0.00 - -
(a) On hedging - 0.00 - -
*LK derivatives
258
okf"kZd fjiksVZ
<L
7T.Y .TGKPTG7P - -0.12 - 18.93 (b) On trading - -0.12 - 18.93
*LK derivatives
5 PL;ETOL4KLV*LL¶LT 5 Maximum
Y¶LT**LIPI and Minimum
WGÉLE3L&L of 100*PV01
observed during
3L'LL6¶LXV3L&L the period
E
ÈG3LK\LL *LK - 0.00 - (0.24)
(a) On hedging - 0.00 - (0.24)
WGÉLE3L&L Maximum
6¶LXV3L&L - 0.00 - LX6¶L Minimum - 0.00 - NIL
<L
7T.Y *LK - 0.03 - (0.82)
(b) On trading - 0.03 - (0.82)
WGÉLE3L&L Maximum
6¶LXV3L&L - 0.00 - (0.26) Minimum - 0.00 - (0.26)
# GUM&LTBMT`47.44 ELTGPºLI¶LMB-'LLVLTBETML'L$L4E7X$L4E.IZ # Out of which Rs 47.44 crore are back to back deals with financial
institution.
GE¶LLY¶LLH4"
6. Asset Quality
WLG-3LYRLPºLL
EWVU;EWLG-3L¶LL 6a. Non-Performing Asset
ÈKLT.&LTB
(ìn Crore)

i. Net NPAs to Net Advances (%) 4.06% 2.85%
i. GVPZWGY[&LLTBEI3LRZVL&LTBGVPZWVU;E 4.06% 2.85%
ii) Movement of NPAs (Gross)
WLG-3L¶LLB %
Opening balance as on 01.04.2014/ 18880.06 13465.79

ii) WVU;EWLG-3L¶LLTB MEZ
&LTB L7$L 01.04.2013
! 3LE ÈLKG&)LE 18880.06 13465.79 Additions during the year 16659.56 10809.97
LTL
Reductions during the year 9844.76 5395.70
PL;ETOL4KLVPAG 16659.56 10809.97
Closing balance as on 25694.86 18880.06
PL;ETOL4KLVE7L4SI 9844.76 5395.70 31.03.2015/31.03.2014
CG3LLTL!ELT 25694.86 18880.06 iii) Movement of Net NPAs
iii) GVPZWVU;EWLG-3L¶LLTB&LTB L7$L Opening balance as on 01.04.2014/ 9916.99 7236.50
01.04.2013
! 3LE ÈLKG&)LE 9916.99 7236.50
LTL Additions during the year 11550.97 7465.26
Reductions during the year 6071.46 4784.77
PL;ETOL4KLVPAG 11550.97 7465.26
PL;ETOL4KLVE&LI 6071.46 4784.77
31.03.2015/31.03.2014
CG3LLTL!ELT 15396.50 9916.99
iv) Movement of provision for NPAs
iv) WVU;E WLG-3L¶LLTB ET GZ ÈLPÉLLVLTB &LTB (excluding provisions on Standard
L7$L &LLVE WLG-3L¶LLTB MT M&$LG6ÉL3L assets)
ÈLPÉLLVLTBELT/LT.EK
Opening balance as on 01.04.2014/ 8737.16 6102.84
01.04.2013
ÈLKG&)LE LTL ! 8737.16 6102.84
ELT
Provisions made during the year 9159.91 5365.62
(Gross)
PL;ETOL4KLVGE Y ÈLPÉLLV MEZ
9159.91 5365.62
Write-off/write back of excess provi- 8095.31 2731.30
WG3LGK%S ÈLPÉLLVLTB ELT $L7_7T <LL3LT .LZVL! 8095.31 2731.30 sion
*LRVKLBEV
CG3LLTL!ELT 9801.76 8737.16 31.03.2015/31.03.2014
259
6<L. MBLLTGÉLSGOLLGVOT;LLTBETWVRMLKJRVMBKGQS<LLSLTBELJ[E7IEKL ETWVRMLK
260
(` ZL<LFTB
E
JRVMBKQVLELJ[ELK -> MI.IWLKJGSETWVRMLK F M FC;LJRVMBKQVLJGSETWVRMLK W6 ULT.
MB
WLG-SPYI;EKL -> FLVE WPFLVE MBGO9 HLGV ULT. FLVE WPFLVE MBGO9 HLGV ULT. FLVE WPFLVE MBGO9 HLGV ULT. FLVE WPFLVE MBGO9 HLGV ULT.
GPPKL
1 GPºLIPL; GLLTB 99 10 2 0 111 463 7 2 0 472 191 0 0 0 191 753 17 4 0 774
EI EIMB<L
WJ[4ZELTJRV DELL 1559057.30 103007.66 8116.67 0.00 1670181.60 113622.74 1744.95 389.28 0 115756.97 1878067.99 0.00 0.00 0 1878067.99 3550748.03 104752.61 8505.95 0.00 3664006.59
MBKGQS<LLST KLGL
J[LKBG)LEWLBE.T
* J[LPLV 336133.75 18823.59 395.57 0.00 355352.91 8237.38 165.13 138.53 0 8541.04 175897.40 0.00 0.00 0 175897.40 520268.53 18988.72 534.10 0.00 539791.35
2 PL;ETOL4KLV GLLTB 23 4 0 0 27 128 6 0 0 134 162 4 0 0 166 313 14 0 0 327
VTJRVMBKGQS EIMB<L
PS;FLV<LLSLTBFTB DELL 573425.64 48957.82 390.92 0 622774.38 72694.21 2817.22 0 0 75511.43 1066386.09 21339.29 0.00 0 1087725.38 1712505.94 73114.33 390.92 0.00 1786011.19
PELLKLGLEL KLGL
WGSGK%SULT.
J[LPLV 111004.04 5423.53 345.20 0 116772.77 8701.66 115.49 0 0 8817.15 137362.05 3110.04 0.00 0 140472.09 257067.75 8649.06 345.20 0.00 266062.01
3 GPºLIPL; GLLTB 1 -1 0 0 0 2 -1 -1 0 0 0 0 0 0 0 3 -2 -1 0 0
ETOL4KLV EIMB<L
JRVMBKGQSFLVE DELL 11109.16 -11109.16 0.00 0 0 298.52 -135.99 -162.53 0 0 0 0.00 0 0 0 11407.68 -11245.15 -162.53 0.00 0.00
+TLIFTBN6VV KLGL
J[LPLV 5890.50 -5890.50 0.00 0 0 51.95 -23.76 -28.19 0 0 0.00 0 0 0 0 5942.45 -5914.26 -28.19 0.00 0.00
4 GPºLIPL; GLLTB 14 0 0 0 14 72 0 0 0 72 63 0 0 0 63 149 0 0 0 149
ET EIMB<L
MFLG*SJK DELL 225434.39 0 0 0 225434.39 18090.62 0 0 0 18090.62 283220.01 0 0 0 283220.01 526745.02 0.00 0.00 0.00 526745.02
JRVMBKGQSWGY[F KLGL
GUVJKN1QSK J[LPLV 41688.36 0 0 0 41688.36 955.03 0 0 0 955.03 51767.87 0 0 0 51767.87 94411.26 0.00 0.00 0.00 94411.26
J[LPLVHLTVLH4
WL4K!W'LPLWLYTMT
WYZTGPºLIPL;
ETWLKB)L
FTBJRVMBKGQS
FLVEWGY[FLTB
ELTJ[OGL;SEKVL
WLPEVHIBH4
5 GPºLIPL; GLLTB -27 19 7 1 0 -84 84 0 0 0 -32 32 0 0 -143 135 7 1 0
ETOL4KLV EIMB<L
JRVMBKGQSFLVE DELL -412339.16 320846.41 89787.08 1705.67 0.00 -28288.30 28288.30 0 0 0 -218292.65 218292.65 0 0 0 -658920.11 567427.36 89787.08 1705.67 0.00
+TLIFTBWPVGS KLGL
J[LPLV -99484.02 80036.81 19051.64 395.57 0.00 -3377.26 3377.26 0 0 0 -41172.73 41172.73 0.00 0 0 -144034.01 124586.80 19051.64 395.57 0.00
6 GPºLIPL; GLLTB 2 11 3 0 16 58 85 0 0 143 25 32 0 57 85 128 3 0 216
ETOL4KLV EIMB<L
JRVMBKGQS<LLSLTB DELL 41350.54 155317.39 31053.70 0 227721.63 12819.45 27236.64 6.54 0 40062.63 203285.72 218292.65 0.00 0 421578.37 257455.71 400846.68 31060.24 0.00 689362.63
ELTD7_7T<LLSL KLGL
.LZVL J[LPLV 8597.06 36556.91 8473.44 395.57 54022.98 273.50 3472.95 11.11 0 3757.56 8120.38 41172.73 0.00 0 49293.11 16990.94 81202.59 8484.55 395.57 107073.65
7 GPºLIGLLTB 80 21 6 1 108 379 11 1 0 391 233 4 0 0 237 692 36 7 1 736
PL;ET EIMB<L
OL4KLVJRVMBKGQS DELL 1464468.01 306385.34 67,240.97 1705.67 1839800 127417.10 5477.84 220.21 0 133115.15 2239655.70 21339.29 0.00 0 2260994.99 3831540.81 333202.47 67461.18 1705.67 4233910.13
<LLST CGSLTL KLGL
WLBE.T
* J[LPLV 303258.85 61338.67 11318.97 0 375916.49 12385.20 161.17 99.23 0 12645.60 212198.47 3110.04 0.00 0 215308.51 527842.52 64609.88 11418.20 0.00 603870.60
* NJKLT%SMXQVLJ[DBV^LKLMFTGES PBJ[FLGLSEIYC;
6b. Disclosure of Restructured Accounts (As on 31.03.2015) as per revised guidelines
(` in Lacs)
Sl
Type of Restructuring -> Under CDR Mechanism Under MSME Debt Restructuring Mechanism Others Total
No
Standard Sub- Doubtful Loss Total Standard Sub- Doubtful Loss Total Standard Sub- Doubtful Loss Total Standard Sub- Doubtful Loss Total
Asset Classification ->
Standard Standard Standard Standard
Details
1 Restructured No. of 99 10 2 0 111 463 7 2 0 472 191 0 0 0 191 753 17 4 0 774
Accounts as on borrowers
April 1 of the FY
Amount 1559057.30 103007.66 8116.67 0.00 1670181.60 113622.74 1744.95 389.28 0 115756.97 1878067.99 0.00 0.00 0 1878067.99 3550748.03 104752.61 8505.95 0.00 3664006.59
2014-15(Opening
outstanding
figures)*
Provision 336133.75 18823.59 395.57 0.00 355352.91 8237.38 165.13 138.53 0 8541.04 175897.40 0.00 0.00 0 175897.40 520268.53 18988.72 534.10 0.00 539791.35
thereon
2 Fresh restructuring No. of 23 4 0 0 27 128 6 0 0 134 162 4 0 0 166 313 14 0 0 327
during the year (plus borrowers
addition in o/s in
Amount 573425.64 48957.82 390.92 0 622774.38 72694.21 2817.22 0 0 75511.43 1066386.09 21339.29 0.00 0 1087725.38 1712505.94 73114.33 390.92 0.00 1786011.19
existing a/cs)
outstanding
Provision 111004.04 5423.53 345.20 0 116772.77 8701.66 115.49 0 0 8817.15 137362.05 3110.04 0.00 0 140472.09 257067.75 8649.06 345.20 0.00 266062.01
thereon
3 Upgradations to No. of 1 -1 0 0 0 2 -1 -1 0 0 0 0 0 0 0 3 -2 -1 0 0
restructured standard borrowers
category during the
Amount 11109.16 -11109.16 0.00 0 0 298.52 -135.99 -162.53 0 0 0 0.00 0 0 0 11407.68 -11245.15 -162.53 0.00 0.00
FY14-15
outstanding
Provision 5890.50 -5890.50 0.00 0 0 51.95 -23.76 -28.19 0 0 0.00 0 0 0 0 5942.45 -5914.26 -28.19 0.00 0.00
thereon
4 Restructured standard No. of 14 0 0 0 14 72 0 0 0 72 63 0 0 0 63 149 0 0 0 149
advances which borrowers
cease to attract
Amount 225434.39 0 0 0 225434.39 18090.62 0 0 0 18090.62 283220.01 0 0 0 283220.01 526745.02 0.00 0.00 0.00 526745.02
higher provisioning
outstanding
and / or additional
risk weight at the end Provision 41688.36 0 0 0 41688.36 955.03 0 0 0 955.03 51767.87 0 0 0 51767.87 94411.26 0.00 0.00 0.00 94411.26
of the FY 14-15 and thereon
hence need not be
shown restructured
standard advances at
the beginning of the
next FY 15-16
5 Downgradations of No. of -27 19 7 1 0 -84 84 0 0 0 -32 32 0 0 -143 135 7 1 0
restructured accounts borrowers
during the FY-14-15
Amount -412339.16 320846.41 89787.08 1705.67 0.00 -28288.30 28288.30 0 0 0 -218292.65 218292.65 0 0 0 -658920.11 567427.36 89787.08 1705.67 0.00
outstanding
Provision -99484.02 80036.81 19051.64 395.57 0.00 -3377.26 3377.26 0 0 0 -41172.73 41172.73 0.00 0 0 -144034.01 124586.80 19051.64 395.57 0.00
thereon
6 Write-offs /Closure/ No. of 2 11 3 0 16 58 85 0 0 143 25 32 0 57 85 128 3 0 216
recovery/exit of borrowers
restructured accounts
Amount 41350.54 155317.39 31053.70 0 227721.63 12819.45 27236.64 6.54 0 40062.63 203285.72 218292.65 0.00 0 421578.37 257455.71 400846.68 31060.24 0.00 689362.63
during the FY14-15
outstanding
Provision 8597.06 36556.91 8473.44 395.57 54022.98 273.50 3472.95 11.11 0 3757.56 8120.38 41172.73 0.00 0 49293.11 16990.94 81202.59 8484.55 395.57 107073.65
thereon
7 Restructured Acounts No. of 80 21 6 1 108 379 11 1 0 391 233 4 0 0 237 692 36 7 1 736
as on 31.03.2015 borrowers
of the FY (closing
Amount 1464468.01 306385.34 67,240.97 1705.67 1839800 127417.10 5477.84 220.21 0 133115.15 2239655.70 21339.29 0.00 0 2260994.99 3831540.81 333202.47 67461.18 1705.67 4233910.13
figures)*
outstanding
Provision 303258.85 61338.67 11318.97 0 375916.49 12385.20 161.17 99.23 0 12645.60 212198.47 3110.04 0.00 0 215308.51 527842.52 64609.88 11418.20 0.00 603870.60
thereon
* The above information is as compiled and certified by the Management.
okf"kZd fjiksVZ
261
YW
LG-3L¶LLTB EI *LRVMBKQVL HT3LR ÈG3L)LXG3LEKL ! *LRV MBKQVL 6c. Details of financial assets sold to Securitisation/
E&*LVIELT$LTQIYC;GPºLI¶LWLG-3L¶LLTBEL$¶LL4KL Reconstruction Company (SC/RC) for Asset Reconstruction
ÈKLT.&LTB
(ìn Crore)
1. <LL3LLTBEIMB<¶LL 2 LX6¶L 1. No. of Accounts 2 NIL
2. MMI!WLKMIELT$LTQTY <LL3LLTBELERZ&LX:¶L 53.11 LX6¶L 2. Aggregate value (net of provisions) of 53.11 NIL
ÈLPÉLLVLTBELT/LT.EK
accounts sold to SC/RC
3. ERZÈG3L¾2ZKLGL 73.15 LX6¶L 3. Aggregate consideration 73.15 NIL
4. G*L/ZT PLLT P3L;&LLVGPºLI¶LPL; ET 0.12 -37.15 4. Additional consideration realized 0.12 -37.15
in respect of accounts transferred in
OL4KLVW'LL;3LMT
&LTB
earlier years (During current financial
WB3LGK3L GE Y <LL3LLTB ET M&$L6ÉL &LTB ÈL*3L year 2014-15 i.e. from 01.04.2014 to
WG3LGKE_SÈG3L¾2ZKLGL 31.03.2015)
5. GVPZ$LHI&LX:¶LEI3LRZVL&LTB ERZZL)L!HLGV 20.04 LX6¶L 5. Aggregate gain/loss over net book 20.04 NIL

value(3-2)
5.1 VDIPIJK LL7L UHL GD¹I VDIPIFX:MT LX6¶L LX6¶L 5.1 Loss over NBV (where sale is for value NIL NIL
EFJKEIYC;H4
below NBV)
5.2 VDIPIJKZL)L UHL GD¹I VDIPIFX:MT 20.04 LX6¶L 5.2 Gain over NBV (where sale is for value 20.04 NIL
WGÉLEJKEIYC;H4
above NBV)
L<LKIOIY¶LI!$LTQIY¶LIWVU;EGPºLI¶LWLG-3L¶LLTBET$¶LL4KT 6d. Details of non-performing financial assets purchased/sold

E<LKIOIY¶LIWVU;EGPºLI¶LWLG-3L¶LLTBET$¶LL4KT A. Details of non-performing financial assets purchased:
ÈKLT.&LTB
(ìn Crore)
E
PL;ETOL4KLV<LKIOTY <LL3LLTBEIMB<¶LL 1 LX6¶L 1 (a) No. of accounts purchased during the 1 NIL
year
<L
ERZ$LEL¶LL 62.18 LX6¶L
(b) Aggregate outstanding 62.18 NIL
E
CV&LTB MT PL; ET OL4KLV *LRVMBKGQ3L <LL3LLTB LX6¶L LX6¶L 2 (a) Of these, number of accounts restruc- NIL NIL
EIMB<¶LL tured during the year
<L
ERZ$LEL¶LL LX6¶L LX6¶L (b) Aggregate outstanding NIL NIL
<L $L4BELTB!GPºLI¶LMB-'LLWLTB!Y4K$L4BEYGPºLI¶LE&*LGV¶LLTBELT$LTQI B. Details of non-performing financial assets sold to Banks/FIs/

Y¶LIWVU;EGPºLI¶LWLG-3L¶LLTBET$¶LL4KT NBFCs:
ÈKLT.&LTB
(ìn Crore)
PL;ETOL4KLV$LTQTY <LL3LLTBEIMB<¶LL LX6¶L LX6¶L 1 No. of accounts sold during the year NIL NIL
ERZ$LEL¶LL LX6¶L LX6¶L 2 Aggregate outstanding NIL NIL
ERZÈL*3LÈG3L¾2Z LX6¶L LX6¶L 3 Aggregate consideration received NIL NIL
¥&LLVEWLG-3L¶LLTBM&$L6ÉLIÈLPÉLLV 6e. Provisions on Standard Assets

ÈKLT.&LTB
(ìn Crore)
CMWPGÉLETOL4KLVN*LZ$ÉLEKL¶LLY¶LL 404.88 505.34 1 Provided during the period 404.88 505.34
MBQ¶LILTL 3LRZV*LLEIWVRMXQI&LTB??W6¶L 2790.11 2382.49 2 Cumulative Balance (included under 2790.11 2382.49
“Other Liabilities & Provisions” in
OT¶L3LL BWL4KÈLPÉLLVETW63LY;3LMG&&LGZ3L
Schedule 5 to the balance sheet)
ELKLT$LLKIWVR*LL3L 7. Business Ratios
GPPKL 31.03.2015 31.03.2014
Particulars 31.03.2015 31.03.2014
i. EL¶L;ELKIGVGÉL¶LLTB ET ÈG3LL3LET *L&LTB $¶LLU 8.00% 8.31%
i. Interest Income as a percentage to 8.00% 8.31%
WL¶L Working Funds
ii. EL¶L;ELKI GVGÉL¶LLTB ET ÈG3LL3L ET *L &LTB Y4K 1.02% 0.88%
ii. Non-Interest Income as a percentage 1.02% 0.88%
$¶LLUWL¶L to Working Funds
iii. EL¶L;LIZ GVGÉL¶LLTB ET ÈG3LL3L ET *L &LTB 2.06% 2.19%
iii. Operating profit as a percentage to 2.06% 2.19%
*LGKQLZVZL)L Working Funds
iv. WLG-3L¶LLTBMTÈG3L¾2Z 0.53% 0.64% iv. Return on Assets 0.53% 0.64%
v. ÈG3L E&L;QLKI ELKLT$LLK U&LL 3L'LL WGY[&L
13.19 12.83 v. Business (Deposits plus advances) per 13.19 12.83
ÈKLT.&LTB
employee (ìn Crores)
vi. ÈG3LE&L;QLKIZL)L ÈKLT.&LTB
0.05 0.05 vi. Profit per employee ((ìn Crores) 0.05 0.05
VLT7EL¶L;ELKIGVGÉL¶LL&LLGMEWL4M3L*LKWLÉLLGK3LH4B" Note: Working Funds are based on Monthly Average.
262
okf"kZd fjiksVZ
WLG-3LOT¶L3LLÈ$L6ÉLV 8. Asset Liability Management

WLG-3L¶LLTBWL4KOT¶L3LLWLTBEIER/&LOLTBEL*LGK*L%P3LL-P*L Maturity Pattern of certain item of assets and Liabilities
ÈKLT.&LTB
(ìn Crore)
*LGK*L GPOTLI Borrow- Foreign Foreign
GVPTL GPOTLI&LRÇL Maturity Investments
%P3LL U&LLKLGL¶LLB WGY[&L NÉLLK &LRÇL Pattern
Deposits Advances
(gross)
ings Currency currency
MEZ
WLG-3L¶LLB Assets liabilities
-P*L OT¶L3LL B
6679.99 28786.22 0.53 13166.92 3793.94 2932.67 6679.99 28786.22 0.53 13166.92 3793.94 2932.67
WLYL&LIGOV Next day
(5779.40) (27967.49) (0.00) (815.72) (2300.44) (1189.73) (5779.40) (27967.49) (0.00) (815.72) (2300.44) (1189.73)
GOV 8347.76 6426.60 0.00 5647.06 4174.52 3265.20 2 days- 8347.76 6426.60 0.00 5647.06 4174.52 3265.20
GOV (9298.83) (7613.36) (0.00) (11405.31) (2854.49) (4913.36) 7days (9298.83) (7613.36) (0.00) (11405.31) (2854.49) (4913.36)
7600.41 5486.56 89.81 709.49 2677.31 2678.47 8-14 7600.41 5486.56 89.81 709.49 2677.31 2678.47
GOV
(7124.60) (7406.58) (0.00) (419.41) (1093.66) (1208.82) days (7124.60) (7406.58) (0.00) (419.41) (1093.66) (1208.82)
9553.63 7478.22 503.80 -462.12 5254.05 5765.96 15-28 9553.63 7478.22 503.80 -462.12 5254.05 5765.96
GOV
(7955.69) (7808.87) (518.71) (1595.83) (5106.29) (2677.83) days (7955.69) (7808.87) (518.71) (1595.83) (5106.29) (2677.83)
GOV 39335.90 22959.55 4692.44 1134.81 17594.17 23079.05 29 days
&LHIVT 39335.90 22959.55 4692.44 1134.81 17594.17 23079.05
(46200.77) (24228.29) (4740.50) (7160.38) (21513.39) (21539.71) to 3
&LHIVTMT 45119.66 22757.46 2035.46 1496.98 25684.69 25197.57 months (46200.77) (24228.29) (4740.50) (7160.38) (21513.39) (21539.71)
WGÉLE3L'LL Over 3 45119.66 22757.46 2035.46 1496.98 25684.69 25197.57
&LHIVT (34258.24) (15117.06) (679.83) (12010.01) (15291.26) (13633.85) Months
3LE to 6 (34258.24) (15117.06) (679.83) (12010.01) (15291.26) (13633.85)
months
&LHIVTMT 54568.51 28024.53 2263.08 1876.31 16398.43 12757.93 Over 6 54568.51 28024.53 2263.08 1876.31 16398.43 12757.93
WGÉLE3L'LL Months
PL;3LE (61964.76) (33052.27) (7740.42) (2393.54) (15475.82) (17609.25)
to 1 year
(61964.76) (33052.27) (7740.42) (2393.54) (15475.82) (17609.25)
PL;MT 197428.91 190170.93 19715.61 7276.88 11596.30 10335.26 Over 197428.91 190170.93 19715.61 7276.88 11596.30 10335.26
WGÉLE3L'LL 1Year to
(183544.23) (167152.9) (19238.88) (2556.13) (11578.09) (9479.61)
PL;3LE (183544.23) (167152.9) (19238.88) (2556.13) (11578.09) (9479.61) 3 Years
PL;MT Over 3 5647.99 31475.60 23377.82 6519.82 2782.94 2530.81
5647.99 31475.60 23377.82 6519.82 2782.94 2530.81
Years to
WGÉLE3L'LL (4748.83) (25928.51) (23357.34) (4962.22) (2904.12) (916.48)
(4748.83) (25928.51) (23357.34) (4962.22) (2904.12) (916.48) 5 Years
PL;3LE
Over 5 127095.88 36968.73 99207.24 8304.40 460.09 2048.53
PL;MT 127095.88 36968.73 99207.24 8304.40 460.09 2048.53 Years (90521.40) (32993.80) (88698.82) (4715.86) (529.54) (1831.62)
WGÉLE (90521.40) (32993.80) (88698.82) (4715.86) (529.54) (1831.62)
501378.64 380534.41 151885.78 45670.55 90416.44 90591.45
501378.64 380534.41 151885.78 45670.55 90416.44 90591.45 Total
ULT. (451396.75) (349269.13) (144974.50) (48034.41) (78647.10) (75000.26)
(451396.75) (349269.13) (144974.50) (48034.41) (78647.10) (75000.26)
(Figures in brackets relate to previous year). The above information is as
"N*L¶LR;%SMXQVLÈ$L6ÉLV^LKLM&LTGE3L compiled and certified by the Management.
PBÈ&LLGL3LEIYC;H4"
9. Exposures:
%M*LLTuLK
E-'LLPKMB*LOL\LTLELTL 9a Exposure to Real Estate Sector:
(ìn Crore)
ÈKLT.&LTB
+TLI 31.03.2015 31.03.2014 Category 31.03.2015 31.03.2014

W
È3¶L\L %MJLTUK (A) Direct Exposure
i. WLPLMI¶LM&*LGºL$LBÉLE 41603.50 37361.48 i. Residential Mortgages – 41603.50 37361.48
WLPLMI¶LM&*LGºL>ULTLI^LKLWGÉLELK Lending fully secured by mortgages
&LTBZIYC;H4¶LLZIUL¶LTYI¶LLGEKL¶LT on residential property that is or will
*LKOIYC;H4>$L6ÉLE^LKL*LXL;3LÈG3L)LX3L be occupied by the borrower or that
L ELTZL<L*L¶LT is rented (individual housing loans up
3LEET*L¶LTEKLT.ET3L'LL to `20 lakh- `14319.66 crore as on
ELT*L¶LTZL<L3LE 31.03.2015 and individual housing loans
ET*L¶LTEKLT.ETP4¶LG%SE up to `20 lakh- `12618.42 crore as on
WLPLMI¶LLLLG&LZH4B
31.03.2014.)
ii. PLGLG5¶LE-'LLPKMB*LOLY4KGVGÉLWLÉLLGK3L 11860.80 12037.31 ii. Commercial Real Estate – including NFB 11860.80 12037.31
MI&LLWLTB MGH3L¶LTLPLGLG5¶LE-'LLPK Limits
Lending secured by mortgages on
MB*LOL*LK$LBÉLEETMAUV^LKLMRKG\L3LGE
commercial real estates (office buildings,
UL¶LTYB T CV&LTB EL¶LL;Z¶LEL)LPV><LROKL
retail space, multi-purpose commercial
ELKLT$LLKEL-'LLV>$LHRNÎTLI¶LPLGLG5¶LE premises, industrial or warehouse space,
*LGKMK>WL4]LTGYEW'LPLYLTOL&LEL-'LLV> land acquisition, development and
)LXG&L>NM*LKGE¶LLY¶LLGPELMWL4KGV&LL;L construction etc.)
WLGOLLG&LZHLTYB "T
iii. Investments in Mortgage Backed Securities (MBS) and other
iii. $LBÉLEM&L'L3LÈG3L)LXG3L¶LLTB &L$LI M
&LTB GVPTLWL4KW6¶LÈG3L)LX3LL securitized exposures -
E
WLPLMI¶L 0.00 0.07 (a) - Residential 0.00 0.07
<L
PLGLG5¶LE-'LLPKMB*LOL 0.00 0.00 (b) - Commercial Real Estate 0.00 0.00
WL
WÈ3¶L\L %M*LLTuLK (B) Indirect Exposure
263
KLrI¶LWLPLM$L4BE V Q$LI
WL4K 11427.59 13143.30 Exposure to National Housing Bank 11427.59 13143.30
WLPLMGPºLE&*LGV¶LL8B Q ¾2MI
HT3LR (NHB) & Housing Finance Companies
%M*LLTuLK (HFCs):
31.03.2015 31.03.2014 31.03.2015 31.03.2014
7658.50 9112.50 7658.50 9112.50
$L4BE^LKLWLPLME&*LGV¶LLTB PBEL8*LLT;KTLV Investments made by the Bank in
&LTBGVPTLGE¶LLY¶LL Housing Companies & Corporations:
31.03.2015 31.03.2014 31.03.2015 31.03.2014
3769.09 4030.80 3769.09 4030.80
-'LLPKMB*LOL\LTLELTERZL 64891.89 62542.16 Total Exposure to Real Estate Sector 64891.89 62542.16
<L *LXUI$LLuLLKELT %MJLTUK 9b. Exposure to Capital Market
ÈKLT.&LTB
(ìn Crore)
1. CG%P7I LT¶LKLTB> *LGKP3L;VI¶L $LBÉL*LLLTB> *LGKP3L;VI¶L 3020.17 2287.06 1. Direct investment in equity shares, con- 3020.17 2287.06
L*LLLTBWL4KCG%P7IN6&LR<L&¶LXQRWZ¾2B.LTBET vertible bonds, convertible debentures
and units of equity oriented mutual funds
¶LXGV7LTB&LTBÈ3¶L\LGVPTLULTGVYG&L3LLEI&LXZ the corpus of which is not exclusively
GVGÉL&LTBHI E&LLLGVPTLVHIBH4" invested in corporate debt.
2. LT¶LKLTB WLC;*LIWLT! C; MWLT*LI MG&&LGZ3L H4B
3.67 4.12 2. Advances against shares/bonds/deben- 3.67 4.12
*LGKP3L;VI¶L $LBÉL*LLLTB> *LGKP3L;VI¶L L *LLLTB WL4K tures or other securities or on clean basis
to individuals for investment in shares
CG%P7IN6&LR<L&¶LXQRWZ¾2B.LTB&LTBGVPTLETGZ
(including IPOs/ESOPs) convertible
0¶LGr¶LLTB ELT LT¶LKLTB! $LBÉL *LLLTB! L *LLLTB ¶LL bonds, convertible debentures, and units
W6¶LÈG3L)LXG3L¶LLTB EIÈG3L)LXG3L*LK¶LLWÈG3L)LX3L of equity oriented mutual funds.
WGY[&L"
3. GEMIW6¶LÈ¶LLTUVET GZ WGY[&LUHLB LT¶LKLTB 435.64 101.71 3. Advances for any other purposes where 435.64 101.71
¶LL*LGKP3L;VI¶L$LBÉL*LLLTB¶LL*LGKP3L;VI¶LL*LLLTB shares or convertible bonds or convert-
ible debentures or units of equity ori-
¶LLCG%P7IN6&LR<L&¶LXQRWZ¾2B.LTBET¶LXGV7LTBELT ented mutual funds are taken as primary
ÈL'LG&LEÈG3L)LXG3LET*L&LTBK<LLY¶LLHLT" security.
4. GEMIW6¶LÈ¶LLTUVET GZ WGY[&LUHLB LT¶LKLTB 358.31 370.34 4. Advances for any other purposes to 358.31 370.34
¶LL *LGKP3L;VI¶L $LLB.> *LGKP3L;VI¶L G.$LTBQK WL4K the extent secured by the collateral
security of shares or convertible bonds or
CG%P7I N6&LR<L &¶LXQRWZ ¾2B.LTB ET ¶LXGV7LTB EI convertible debentures or units of equity
M&*LLGK_PE ÈG3L)LXG3L 3LE ÈG3L)LXG3L OI YC; HLT oriented mutual funds i.e. where the pri-
W'LL;3L_UHL*LGKP3L;VI¶L$LL8.!*LGKP3L;VI¶LL mary security other than shares/convert-
*LLLTB!CG%P7IN6&LR<L&¶LXQRWZ¾2B.LTBET¶LXGV7LTB ible bonds/convertible debentures/units
of equity oriented mutual funds does not
MTG)L£ÈL'LG&LEÈG3L)LXG3LWGY[&LLTBELT*LXKI3LKH fully cover the advances.
EPKVHIBEK3LIH4B" 5. Secured and unsecured advances to 588.16 336.39
5. -7L8ED[LTEKLTBELTÈG3L)LX3L3L'LLWÈG3L)LX3LWGY[&L 588.16 336.39 stock brokers and guarantees issued
WL4K-7L8ED[LTEKLTB 3L'LL&LLET;7&LTEKLTB EIWLTK on behalf of stock brokers and market
makers.
MTOIYC;YLKBG7¶LL 6. Loans sanctioned to corporate against NIL NIL
6. MBMLÉLVLTBET$LVTEIMB)LLPVL&LTBV¶LIE&*LGV¶LLTB LX6¶L LX6¶L the security of shares/bonds/debentures
EICG%P7IET ÈG3LÈP3L;ELTB ET WBLELT *LXKL or other securities or on clean basis for
EKVTETGZ LT¶LKLTB!$LL8.LTB!L*LLLTB¶LLW6¶L meeting promoter’s contribution to the
ÈG3L)LXG3L¶LLTBEIÈG3L)LXG3L*LK¶LLG$LVLÈG3L)LXG3LET equity of new companies in anticipation
of raising resources.
GVYG&L3LMB-'LLWLTBELT-PI²3LGE¶LLY¶LLL 7. Bridge loans to companies against ex- NIL NIL
7. MB)LLGP3LCG%P7IÈPLHLTB!GVY;&LLTBETÈG3LE&*LGV¶LLTB LX6¶L LX6¶L pected equity flows/issues.
ELT*LXKEL 8. Underwriting commitments taken up NIL NIL
8. LT¶LKLTB ¶LL *LGKP3L;VI¶L $LBÉL *LLLTB ¶LL *LGKP3L;VI¶L LX6¶L LX6¶L by the banks in respect of primary is-
L*LLLTB¶LLCG%P7IN6&LR<L&¶LXQRWZ¾2B.LTBET sue of shares or convertible bonds or
convertible debentures or units of equity
¶LXGV7LTBETÈLC&LKIC¶LXETM&$L6ÉL&LTB$L4BELTB^LKL oriented mutual funds.
HL&LIOLKIÈG3L$L3LL B 9. Financing to stock brokers for margin NIL NIL
9. &LLUV7T.YETGZ -7L8ED[LTEKLTBELTGPºL LX6¶L LX6¶L trading
10. N]&L*LXUIGVGÉL¶LLTB *LBUI²3LWL4KY4K*LBUI²3L 416.28 505.95 10. All exposures to Venture Capital funds 416.28 505.95
OLTVLTB
ELTM&L-3LL (both registered and unregistered)
11. &LR1¶LRWZ¾2B.ELTWGY[&L 1000.00 1100.00 11. Advances to Mutual Funds 1000.00 1100.00
*LXUI$LLuLLKELTERZL 5822.23 4705.57 Total Exposure to Capital Market 5822.23 4705.57
264
okf"kZd fjiksVZ
YULTG<L&L+TLIPLKOTLM&$L6ÉLI %M*LLTUK 9c. Risk Category wise Country Exposure

ELT ERZ GVPZ GVGÉL %M*LLTuLK ` EKLT. Total Net Funded Exposure as on 31.03.2015 is `35047.52
H4"ELT$L4BEEIERZWLG-3L¶LLBÈKLT.H4> crore. Total assets of the bank as on 31.12.2014 were
`574860.12 crore, 1% of which comes to `5748.60 crore.
GUMEL ` EKLT. H4" OLT OTLLTB HLBYELBY WL4K ¶LX C; EI Total net funded exposure of two countries namely Hong
ERZ GVPZ GVGÉL %M*LLTuLK EI KLGL ¹&LL ` EKLT. Kong & UAE amounting to `10108.46 crore & `7690.88
WL4K ` EKLT. H4 ULTGE ELT $L4BE EI ERZ crore respectively, is more than 1% of the total assets of the
Bank as on 31.12.2014. Total net funded exposure of the
WLG-3L¶LLTBETMTWGÉLEH4"W3L)LLGK$L4BEET&LL-7K*LGK*LLMB bank on Hong Kong & UAE is more than 1% of total assets
.I$LIWLT.IMB$LI*LI$LIMI!!GOVLBEURZLC;> as on 31.03.2015 also. Hence provision of `14.38 crore for
ETWVRMLKHLBYELBYETGZ ÈKLT.WL4K¶LX C;ETGZ Hong Kong & 9.23 crore for UAE has been made in terms
ÈKLT. ELÈLPÉLLVGE¶LLY¶LLH4")LLK3LGV¶LL;3LLYLKB7I of RBI Master Cir. No.DBOD.No.BP.BC.12/21.04.048/2011-
12 dated July 1, 2011. As per Export Credit Guarantee
GVY&L C;MIUIMI
PYI;EKLETWVRMLK>HLBYELBYVY¶LULTG<L&L+TLI Corporation of India(ECGC) classification, Hong Kong is in
W'LL;3L_ WL4K¶LX C;E&LULTG<L&L+TLIW'LL;3L_ &LTBH4" the Insignificant Risk Category i.e. A1 and UAE is in the Low
Risk Category i.e. A2.
ULTG<L&L+TLIPLKOTLMB$LBÉLI %M*LLTUK Risk Category Wise Country Exposure
` EKLT.FTB
(ìn Crore)
ULTG<L&L+TLI &LLQ; &LLQ; &LLQ; &LLQ; Risk Category Exposure Provision Exposure Provision
ELT ELTK<LLY¶LL ELT %M*LLTUK ELTK<LLY¶LL (net) as held as (net) as at held as at
%M*LLTUK ÈLPÉLLV LR
Y3L ÈLPÉLLV at March at March March 2014 March 2014
LR
QLZXPL;
PL;
Y3LPL;
2015 2015 (Previous (Previous
QLZXPL;
(Current ( Current Year) Year)
Year) Year)
VY¶L 21747.68 14.38 17250.11 11.04
Insignificant 21747.68 14.38 17250.11 11.04
E&L 13290.75 9.23 8597.18 6.12
Low 13290.75 9.23 8597.18 6.12
ML&LL6¶L 6.78 LX6¶L 1821.48 LX6¶L
Moderate 6.78 NIL 1821.48 NIL
N1Q 0.99 LX6¶L 12.80 LX6¶L
High 0.99 NIL 12.80 NIL
WG3LN1Q 0.01 LX6¶L 0.30 LX6¶L Very high 0.01 NIL 0.30 NIL
ÈG3L$LBGÉL3L 1.16 LX6¶L 24.28 LX6¶L Restricted 1.16 NIL 24.28 NIL
WL¾2¹TG.7 0.15 LX6¶L 0.00 LX6¶L Off-credit 0.15 NIL 0.00 NIL
ERZ 35047.52 23.61 27706.15 17.16 Total 35047.52 23.61 27706.15 17.16
N*L¶LR;E_SMXQVLÈ$L6ÉLV^LKLM&LTGE3L PBÈ&LLGL3LEIYC;H4" The above information is as compiled and certified by the Management.
L $L4BE^LKL EZNÉLLKE3LL;MI&LL3L'LLM&LXHNÉLLKE3LL;MI&LLET 9d. Details of Single Borrower Limit and Group Borrower Limit
exceeded by the bank.
NkB LVET$¶LL4KT
The Bank has not exceeded prudential exposure ceilings in
-7T7$L4BEWL8¾2CBG.¶LLEIMIZY %M*LLTuLKELT /LT.EK??$L4BEVT respect of any Group Accounts and individual borrowers
MTETOL4KLVGEMIM&LXH<LL3LTETM&$L6ÉL during the period 01.04.2014 to 31.03.2015, except exposure
&LTBGPPTE*LXL;MI&LLWLTBELNkB LVVHIBGE¶LLH4" ceiling to State Bank of India.
¥WÈG3L)LX3LWGY[&L 9e. Unsecured Advances:
` EKLT.FTB
(ìn Crore)
WGY[&LLTB EI PH ERZ KLGL GUMET GZ W&LX3L; 5521.58 4541.50 1. Total amount of advances for which 5521.58 4541.50
intangible securities such as charge over
WLG-3L¶LLB U4MT WGÉLELKLTB> WVR,G*3L¶LLTB> ÈLGÉLELKLTB the rights, licenses, authority etc. has
WLGO*LKL)LLKELT ??WÈG3L)LX3LWGY[&LET been included in Sch.9 under
W63LY;3LWVRMXQI&LTBLLG&LZGE¶LLY¶LLH4" ‘Unsecured Advances’
W&LX3L;MB*LLGP;EÈG3L)LXG3L¶LLTBELWVR&LLGV3L&LX:¶L 7323.39 5706.94 2. Estimated value of intangible collaterals 7323.39 5706.94
GKuLP;$L4BE^LKLZYL Y W'L;OB.LTBELÈE7IEKL 10. Disclosure of penalties imposed by the RBI:
$L4BEYGPGV¶L&LVWGÉLGV¶L&LÉLLKLEI
ETÈLPÉLLVLTBETWB3LY;3L During the year (01.04.2014 to 31.03.2015), no penalty has
GUM&LTBWGÉLGV¶L&LETÈLPÉLLVLTBETGEMINkB LVW'LPL$L4BEYGPGV¶L&LV been imposed by RBI on the bank under the provision of
Section 46(4) of the Banking Regulation Act, for contraventions
WGÉLGV¶L&LET WB3LY;3L)LLK3LI¶LGKUP; $L4BE^LKLGPGLrWLOTL> of any of the provisions of the Act or non-compliance with
L3LT PBGV$L6ÉLV>EIW6¶LWLP¶LE3LLWLTBELWVR*LLZVVLEKVT*LK any other requirements of the Banking Regulation Act, 1949;
$L4BE*LK)LLK3LI¶LGKuLP; $L4BE^LKLCMGPºLI¶LPL; MT order, rule or condition specified by Reserve Bank under the

ELTC;)LIW'L;OB.VHIBZYL¶LLH4" said Act.
265
ZT<LL&LLVELTB^LKLW*LTG\L3LW6¶LÈE7IEKL Other Disclosures required by Accounting Standards
ZT<LL&LLVE*LXP;WPGÉLWL4KZT<LLBEVVIG3L&LTB*LGKP3L;V 11. AS -5 Prior Period and Change in Accounting Policy

ZT<LL&LLVEETWÉLIV*LXP;WPGÉLETWL¶L!0¶L¶LETELTC;&LH3P*LXL; There were no material prior period income/expenditure
items requiring disclosure under AS–5. Amendments have
ÈE7IEKLW*LTG\L3LVHIBH4B"GPºLI¶LWLG-3L¶LLTBEIG$L¹IEI*LLGZMI been made in the Policy on Sale of Financial Assets, regarding
&LTB <LL3LLTB EIG$L¹I*LKZL)LHLGVET M&$L6ÉL&LTB MBLLTÉLVGE¶LLY¶LL treatment of loss and profit made on sale of accounts. However
H4 HLZLBGEMT 3LEEIWPGÉLET OL4KLV the change in the Policy has no impact on profit during the
*LLGZMI&LTB*LGKP3L;VEKVTMTZL)L&LTBELTC;È)LLPVHIB*L.LH4" year from 01.04.2014 to 31.03.2015.
ZT<LL&LLVE&LX:¶LÀLMZT<LLGPGÉL 12. AS- 6 Depreciation accounting

&LLQ; ET WB3L3LEWLG-3L¶LLTB ET È3¶LTEPY; ET GZ GE Y Break up of total depreciation for the year ending March
&LX:¶LÀLMEL$¶LL4KL 2015 for each class of assets
` EKLT.FTB
(` in Crore)
WLG-3L+TLI 31.03.2015 31.03.2014 Class of assets 31.03.2015 31.03.2014
*LGKMK 9.31 10.42 Premises 9.31 10.42
W6¶LWQZWLG-3L¶LL 330.70 313.82 Other fixed assets 330.70 313.82
*L7_7TPLZIWLG-3L¶LL LX6 LX6 Leased assets NIL NIL
E&*¶LX7KML8¾7PT¶LK 30.22 28.15 Computer software 30.22 28.15
ULT. 370.23 352.39 Total 370.23 352.39
ZT<LL&LLVEKLU-P&LL6¶L3LL 13. AS- 9 Revenue Recognition:

WL¶LEIER/&LOLTBEI&LL6¶L3LLZT<LLVIG3LMB<¶LL
ETWVRMLK Certain items of income are recognized on realization basis as
per Accounting Policy No. 10(4). However, the said income is
PMXZIWLÉLLK*LKEIUL3LIH4"$LHKHLZ>N%SWL¶LVY¶LH4"
not considered to be material.
ZT<LL&LLVEGPOTLIGPGV&L¶LOKLTB&LTB*LGKP3L;V
14. AS 11- Changes in foreign exchange rates:
GPOTLI&LRÇL*LGKP3L;VÈLKG\L3L&LTB L7$L
Movement of foreign currency translation reserve
` EKLT.FTB
(` in Crore)
GPPKL KLGL Particulars Amount
WÈ4ZELTLTL 46.28 Balance as at 1st April 2014 46.28
MT EI WPGÉL ET OL4KLV 11.11 Credited during the period 01.04.2014 11.11
U&LL to 31.03.2015
WPGÉL&LTBGVELMI 3.16 Withdrawn during the period 3.16
ELTLTL 54.23 Balance as at 31.03.2015 54.23
ZT<LL&LLVEE&L;QLKIZL)L 15. AS 15 – Employees Benefits:
ZT<LL&LLVEELWBYIEKL MBLLTGÉL3L
ADOPTION OF AS – 15(R):
The Bank has adopted Accounting Standard 15(R) - Employee
$L4BEVTMT)LLK3LI¶LMVOIZT<LLELKMB-'LLV WLC;MI WLC;

Benefits, issued by the Institute of Chartered Accountants
^LKLULKIZT<LL&LLVE MBLLTGÉL3L
E&L;QLKIZL)LELTWBYIELK of India (ICAI), with effect from 1st April 2007. The Bank
GE¶LLH4"$L4BEVTZT<LL$LGH¶LLTB&LTB3LRZV*LLG3LG'LELT¶LLTUVLWLG-3L¶LLTBET recognizes in its books of accounts the liability arising out
NGQ3L&LX:¶LELT L7LEKOT¶L3LLET P3L;&LLV&LX:¶LEIKLGLET *L&LTB of Employee Benefits as the sum of the present value of
obligation as reduced by fair value of plan assets on the
E&L;QLKIZL)LLTBMTWL¶LIOT¶L3LLELT-PIELKGE¶LLH4B Balance Sheet date.
E&L;QLGKLTBETGZ *LTBLVGPE:*L<LLTZVL3L'LLN*LOLVEIMI&LLWLTB OPENING OF PENSION OPTION TO EMPLOYEES AND
&LTBPAG ENHANCEMENT IN GRATUITY LIMITS
PL;ETOL4KLV$L4BEVTW*LVTNVE&L;QLGK¶LLTBETGZ *LTBLV During the year 2010-11 the Bank reopened the pension
option for such of its employees who had not opted for the
ELGPE:*L*LRV<LLTZGO¶LLGU6HLTBVT *LHZT *LTBLVELGPE:*LVHIB pension scheme earlier. As a result of exercise of the option
GO¶LL'LLB*LGKLL&L-P*LE&L;QLGK¶LLTB^LKL TMTGPE:*LELÈ¶LLTY by 33982 employees, the bank has incurred an additional
GE¶LLY¶LLWL4K$L4BEELTÈKLT.EIOT¶L3LLEL$LLTN#LVL liability of `2757.65 crore. Further during the year 2010-
11 the limit of gratuity payable to the employees of the
*L.LBCMIÈELKPL;&LTBN*LOLV)LRY3LLVWGÉLGV¶L&L&LTB
banks was also enhanced pursuant to the amendment to
MBLLTÉLVETJ2Z-P*L$L4BEETE&L;QLGK¶LLTBETGZ N*LOLV)LRY3LLVEI the Payment of Gratuity Act, 1972. As a result the gratuity
MI&LL)LI$LLC;YC;GUMETJ2Z-P*LN*LOLVMB$LBÉLI$L4BEEIOT¶L3LL&LTB liability of the Bank has increased by `566.00 crore. These
ÈKLT.EIPAGHRC;BCVWG3LGK%SOT¶L3LLWLTBEI ` additional Liabilities (`2757.65 crore +`566.00 crore, total
266
okf"kZd fjiksVZ
EKLT.>ÈKLT.>ERZÈKLT.

YLVL$LI&LLBGEE `3323.65 crore) were calculated on the basis of actuarial
&LX:¶LLBEVETWLÉLLK*LKEIY¶LIH4B valuation.
ZT<LL&LLVE>E&L;QLKIZL)LEIW*LT\LLWLTBETWVRMLK*L¶LT As per the Accounting Standard (AS) 15, Employee Benefits,

the entire amount of `3323.65 crore is required to be charged
EKLT. ELT ZL)L P HLGV <LL3LT &LTB È)LLGK3L GE¶LL ULVL W*LTG\L3L
to the Profit and Loss Account. However, the RBI has issued
H4B $LHKHLZ>)LLK3LI¶LGKuLP; $L4BEVT ??MLP;UGVE\LTLET $L4BELTB ET a circular no. DBOD.BP.BC.80/21.04.018/2010-11 dated
E&L;QLGK¶LLTBETGZ *LTBLVGPE:*L*LRV<LLTZVL3L'LLN*LOLVMI&LLWLTB&LTB 9th February, 2011 on the prudential Regulatory Treatment
PAGGPPTE*LXL;GPGV¶LL&LE0¶LPHLK??GPL¶L*LK¾2KPKI> consequent upon the Re-opening of Pension Option to
EL *LGK*LL MB<¶LL .I$LIWLT.I$LI*LI$LIMI! ! Employees of Public Sector Banks and Enhancement in
ULKIGE¶LLH4B N%S*LGK*LLET ÈLPÉLLVLTB ET WVRMLK$L4BEVT CMPL; Gratuity Limits. In accordance with the provisions of the said
ETZL)LHLGV<LL3LT&LTB*L¶LTEKLT. *L¶LT Circular, the Bank had charged off `664.73 crore (`551.53
crore for pension and `113.20 crore for gratuity) representing
EKLT.*LTBLVET GZ WL4KY[T1¶LR7IET GZ EKLT.
EI one-fifth of `3323.65 Crore to Profit & Loss Account for this
KLGLQLU;WL8¾2EIH4ULT*L¶LTEKLT.EIKLGLEL*LLQPLB year 2014-15 (`2658.92 crore already charged proportionately
GH-ML$LV3LIH4 G*L/ZTPLLT;W'LL;3L_MT&LTB*LHZT in previous years i.e. 2010-11 to 2013-14). The transitional
HI ÈKLT.QLU; GE ULQRET H4B
*LTBLV PB N*LOLVEI liability for pension and Gratuity stands fully charged off as
*LKP3LI;OT¶L3LLWLUEIG3LG'L*LXL;3L¶LLÈ)LLGK3LH4" on date.
E&L;QLGK¶LLTBETZL)LETÈLPÉLLV*LXP;PT3LV&LLVETWLÉLLK*LK$LI&LLBGEEI Further the provision for employee benefits has been calculated
by the actuary on basis of pre wage revision salary.
^LKLYLVLEIYC;H4"
ZT<LL&LLVE MBLLTGÉL3L
ETWVRMLKÈE7IEKL DISCLOSURE IN ACCORDANCE WITH AS-15(R):
In line with the accounting policy and as per the Accounting
ZT<LLVIG3LETWVR*L3L'LLZT<LL&LLVE MBLLTGÉL3L
ETWVRMLK Standard – 15(R), the summarized position of post-employment
KLTUYLKN*LKL63LG&LZVTPLZT¾2L¶LOTEIMBG\L*3LG-'LG3LELTZL)LPHLGV benefits are recognized in the Profit & Loss A/c and Balance
<LL3LTWL4K3LRZV*LL&LTBGV&VP3L_&LLVLY¶LLH4 Sheet as under:
I - 3LRZV*LLEI3LLKI<LELTÈÉLLV$LI&LLBGEE&LL6¶L3LL I - Principal Actuarial Assumptions at the Balance Sheet Date
$LI&LLEE *LTBLV
N*LOLV
/R7_7IVEOIEKL Actuarial
Pension Gratuity Leave Encashment
&LL6¶L3LL Assumptions
31.03.2015 31.03.2014 31.03.2015 31.03.2014 31.03.2015 31.03.2014 31.03.2015 31.03.2014 31.03.2015 31.03.2014 31.03.2015 31.03.2014
$L7_7LOK 8.03% 9.10% 8.00% 9.10% 8.00% 9.10% Discount 8.03% 9.10% 8.00% 9.10% 8.00% 9.10%
Rate
¶LLTUVL 8.61% 8.61% 8.61% 8.61% - -
Expected 8.61% 8.61% 8.61% 8.61% - -
WLG-3L¶LLTBET Return on
ÈG3L¾2ZEI Plan Assets
MB)LLGP3LOK Rate of 5.50% 5.50% 5.50% 5.50% 5.50% 5.50%
PT3LV&LTBPAG 5.50% 5.50% 5.50% 5.50% 5.50% 5.50% Escalation In
salary
EIOK
ÀLMOK 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% Attrition Rate 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%
II -OLG¶L3PLTB ET P3L;&LLV&LX:¶L&LTB *LGKP3L;V *LIPIWLT

ÈLKG&)LE II - Changes in Present value of the obligation (PVO)-
3L'LLWBG3L&LLTLLTBELM&LLÉLLV Reconciliation of Opening & Closing Balance
` EKLT.FTB
(` in Crore)
/R7_7I Leave
GPPKL *LTBLV N*LOLV Particulars Pension Gratuity
Encashment
VEOIEKL
ELT OLG¶L3PLTB EL P3L;&LLV Present value of Obligation,
01.04.2014 15162.79 2609.46 1288.68
&LX:¶L 15162.79 2609.46 1288.68
Interest Cost 1342.45 222.47 107.82
$¶LLUZLY3L 1342.45 222.47 107.82
Current Service Cost 430.46 182.86 41.53
QLZXMTPLZLY3L 430.46 182.86 41.53
Benefits paid (821.16) (329.48) (207.74)
MBOºLZL)L (821.16) (329.48) (207.74)
Actuarial loss / (gain) on
OLG¶L3PLTB *LK $LI&LLBGEE HLGV! ZL)L
obligations (Balancing
MB3LRZVELKIWLBE.T
2102.86 (265.48) 78.19 Figure) 2102.86 (265.48) 78.19
ET WB3L &LTB OLG¶L3PLTB EL Present value of Obligation,
P3L;&LLV&LX:¶L 18217.4 2419.83 1308.47 31.03.2015 18217.40 2419.83 1308.47
267
III -¶LLTUVL WLG-3L¶LLTB ET NGQ3L &LX:¶L &LTB *LGKP3L;V ÈLKG&)LE III - Changes in the Fair Value of the Plan Assets- Reconciliation
3L'LLCG3LLTLLTBELM&LLÉLLV of Opening & Closing balances:
(` in Crore)
` EKLT.FTB
/R7_7I Leave
VEOIEKL Encashment
¶LLTUVL WLG-3L¶LLTB EL NGQ3L FAIR value of Plan Assets,
&LX:¶L 14756.02 2756.05 - 01.04.2014 14756.02 2756.05 -
¶LLTUVLWLG-3L¶LLTB*LKMB)LLGP3LÈG3L¾2Z 1335.11 233.46 - Expected return on Plan assets 1335.11 233.46 -
D4BEEF;QLGKLTB^LKLWBLOLV Contributions by Bank, em-
2322.08 240.33 207.74
ployees 2322.08 240.33 207.74
MBOºLZL)L (821.16) (329.48) (207.74)
Benefits Paid (821.16) (329.48) (207.74)
¶LLTUVL WLG-3L¶LLTB *LK $LI&LLBGEE HLGV
! Actuarial (loss) / gain on Plan
ZL)L MB3LRZVELKIWLBE.TB
(219.04) (63.96) - Assets(Balancing Figure) (219.04) (63.96) -
&LLQ;> ELT ¶LLTUVL WLG-3L¶LLTB EL FAIR value of Plan Assets,
NGQ3L&LX:¶L 17373.01 2836.4 - 31.03.2015 17373.01 2836.40 -
IV - ¶LLTUVLWLG-3L¶LLTB*LKPL-3LGPEÈG3L¾2Z IV - Actual Return on Plan Assets

` EKLT.FTB
(` in Crore)
/R7_7I Leave
Encashment
VEOIEKL
¶LLTUVLWLG-3L¶LLTB*LKWVR&LLGV3LÈG3L¾2Z Expected return on Plan
1335.11 233.46 - Assets 1335.11 233.46 -
¶LLTUVLWLG-3L¶LLTB *LK$LI&LLBGEE HLGV
! Actuarial (loss) / gain on
(219.04) (63.96) - Plan Assets (219.04) (63.96) -
ZL)L
¶LLTUVLWLG-3L¶LLTB*LKPL-3LGPEÈG3L¾2Z Actual Return on Plan
- -
1116.07 169.50 Assets 1116.07 169.50
V - &LL6¶L$LI&LLBGEE ZL)L
!HLGV V - Net Actuarial (Gain) / loss Recognized
` EKLT.FTB
(` in Crore)
/R7_7I Leave
Encashment
VEOIEKL
WPGÉLETGZ OLG¶L3PLTB*LK$LI&LLBGEE (2102.86) 265.48 (78.19) Actuarial gain / (loss) for the
(2102.86) 265.48 (78.19)
HLGV
!ZL)L period - Obligations
WPGÉLETGZ ¶LLTUVLWLG-3L¶LLTB*LK (219.04) (63.96) - Actuarial gain / (loss) for the (219.04) (63.96) -
$LI&LLBGEE HLGV
!ZL)L period - Plan Assets
WPGÉL&LTB&LL6¶LLR$LI&LLBGEE 2321.90 (201.52) 78.19 Total (Gain) / Loss for the
2321.90 (201.52) 78.19
ZL)L
!HLGV period
PL;ETWB3L&LTBW&LL6¶L$LI&LLBGEE 2321.90 (201.52) 78.19 Actuarial (gain) or loss
2321.90 (201.52) 78.19
ZL)L
!HLGV recognised in the period
0.00 0.00 0.00 Unrecognised Actuarial (gain)
0.00 0.00 0.00
/ loss at the end of the year
VI - 3LRZV*LL&LTB&LL6¶LKLGL3L'LLMB$LGPZTLL VI - Amount recognised in Balance Sheet and related analysis

` EKLT.FTB
(ìn Crore)
/R7_7I Particulars Pension Gratuity
Leave
GPPKL *LTBLV N*LOLV VEOIEKL Encashment
Present value of Obligation,
ELTOLG¶L3PLTBELP3L;&LLV&LX:¶L 18217.4 2419.83 1308.47
18217.4 2419.83 1308.47 31.03.2015
¶LLTUVL WLG-3L¶LLTB EL NGQ3L FAIR value of Plan Assets,
17373.01 2836.40 0
31.03.2015
&LX:¶L 17373.01 2836.40 0 Difference 844.39 (416.57) 1308.47
W63LK 844.39 (416.57) 1308.47 Unrecognised Transitional
0 0 0
W&LL6¶LY3LMTPLZLY3LGVGH3LZL)L Liability
Unrecognised Past Service
WLYTZTUL¶LLY¶LL 0 0 0 cost - vested benefits - 0 0 0
3LRZV*LL&LTB&LL6¶LOT¶L3LL B 0 0 0
Carried Forward
Liability Recognised in the
844.39 - 1308.47 844.39 - 1308.47
Balance Sheet
268
okf"kZd fjiksVZ
ET*L4KL Negative amount determined
ETW63LY;3LVELKL3&LEGVÉLL;GK3LKLGL under Paragraph 55 of 0 (416.57) 0
0 (416.57) 0 AS-15 (R)
)LLPIWBLOLVLTB&LTBE7L43LIWL4KN*LZ$ÉL)LLPI Present value of available
E7L43LIELP3L;&LLV&LX:¶L 0 416.57 0
refunds and reductions in 0 416.57 0
future contributions
*L4KLET
W63LY;3LMI&LLWVRMLK&LL6¶LWLG-3L 0 416.57 0
Resulting asset as per Para-
graph 59 (b) of AS-15 ( R ) 0 416.57 0
VII - ZL)LPHLGV<LL3LT&LTB&LL6¶L0¶L¶L
VII - Expense recognised in Profit and loss statement
` EKLT.FTB
(ìn Crore)
/R7_7I Leave
VEOIEKL Encashment
QLZXMTPLZLY3L 430.46 182.86 41.53 Current Service Cost 430.46 182.86 41.53
$¶LLUZLY3L 1342.45 222.47 107.82 Interest cost 1342.45 222.47 107.82
¶LLTUVLWLG-3L¶LLTB*LKMB)LLGP3LÈG3L¾2Z (1335.11) (233.46) 0 Expected return on Plan assets (1335.11) (233.46) 0
PL; ET OL4KLVLR$LI&LLBGE3L ZL)L
!W'LPL Net Actuarial (gain) / loss
HLGV 2321.90 (201.52) 78.19 recognised in the year 2321.90 (201.52) 78.19
Past Service Cost-Recognised 551.53 113.20 0
Y3LMTPLZLY3L GVGH3LZL)L
551.53 113.20 0
ZL)L P HLGV <LL3LT EI GPPKLI &LTB &LL6¶L Expenses recognised in the
statement of profit and loss 3311.23 83.55 227.53
0¶L¶L 3311.23 83.55 227.53
VIII - 3LRZV*LL&LTB&LL6¶LHLTVTPLZILROT¶L3LL&LTB L7$L VIII- Movement in Net Liability to be recognised in Balance Sheet
` EKLT.FTB
(ìn Crore)
/R7_7I Leave
VEOIEKL Encashment
ÈLKG&)LELROT¶L3LL Opening Net Liability (144.76) (259.79) 1288.68
(144.76) (259.79) 1288.68
0¶L¶L Expenses 3311.23 83.55 227.53
3311.23 83.55 227.53
MBOºLWBLOLV Contributions Paid (2322.08) (240.33) (207.74)
(2322.08) (240.33) (207.74)
Closing Net Liability
WBG3L&LLROT¶L3LL QLZXWPGÉL&LTB3LRZV*LL (Liability recognised
&LTB&LL6¶LOT¶L3LL
844.39 (416.57) 1308.47 in B/S in current period) 844.39 (416.57) 1308.47
IX - P3L;&LLVWPGÉLETGZ KLGL IX -Amount for the current Period

` EKLT.FTB
(ìn Crore)
/R7_7I Leave
Particulars Pension Gratuity
GPPKL *LTBLV N*LOLV Encashment
VEOIEKL
OLG¶L3PLTBELP3L;&LLV&LX:¶L> 18217.40 2419.83 1308.47 31.03.2015 18217.40 2419.83 1308.47
¶LLTUVLWLG-3L¶LLTBELNGQ3L&LX:¶L> FAIR value of Plan Assets,
17373.01 2836.4 0 31.03.2015 17373.01 2836.4 0
W&LL6¶LY3LMTPLZLY3LMT*LXP; Surplus / (Deficit) before
WGÉLLTL!
LL7L (844.39) 416.57 (1308.47) unrecognised past service
cost (844.39) 416.57 (1308.47)
¶LLTUVLOT¶L3LLWLTB&LTBWVR)LLGPEM&LL¶LLTUV
HLGV
!ZL)L 48.45 406.75 (8.65) Experience Adjustments in
Plan Liabilities -(loss) / Gain 48.45 406.75 (8.65)
¶LLTUVLWLG-3L¶LLTB&LTBWVR)LLGPEM&LL¶LLTUV
Experience Adjustments in
HLGV
!ZL)L (219.04) (63.96) 0 Plan Assets (loss) / gain (219.04) (63.96) 0
269
X - ¶LLTUVLWLG-3L¶LLTB EIÈ&LR<L+TGL¶LL ERZ¶LLTUVLWLG-3L¶LLTB X - Major Categories of Plan Assets (as percentage of Total
ELÈG3LL3L
Plan Assets)
ÈG3LL3L&LTB
(In %age)
)LLK3LMKELKEIÈG3L)LXG3L¶LL 12.78 15.45 Government Of India Securities 12.78 15.45
KL5¶LMKELKEIÈG3L)LXG3L¶LL 36.91 33.21 State Government Securities 36.91 33.21
N1QGE-&LETEL8*LLT;KT7$LL8. 35.47 35.60 High Quality Corporate Bonds 35.47 35.60
MXQI$LE&*LGV¶LLTBETCG%P7ILT¶LK 0.00 0.00 Equity Shares of listed companies 0.00 0.00
MB*LGºL 0.00 0.00 Property 0.00 0.00
GPLTLU&LL¶LLTUVL B 6.55 6.69 Special deposit scheme 6.55 6.69
GVY;&LE3LL;^LKLQZLC;YC;GVGÉL¶LL 7.37 8.86 Funds managed by Insurer 7.37 8.86
W6¶L$L4BEU&LLKLGL¶LLBWL4KU&LLÈ&LLL*LL MI.I
0.92 0.19 Other- Bank Deposits and CDs 0.92 0.19
ULT. 100.00 100.00 Total 100.00 100.00
XI - WLYL&LIPL;ETOL4KLVWBLOLVEL+Ts3L&LWVR&LLV XI - Best estimate of contribution during next year

` EKLT.FTB
(ìn Crore)
GPPKL *LTBLV N*LOLV Particulars
Pension Gratuity
GVGÉLE
GVGÉLE
(Funded) (Funded)
WLYL&LIPL; ET OL4KLV$L4BEEL+Ts3L&LWBLOLVEL Bank's best estimate of Contribution
during next year 2600.00 500.00
WVR&LLV 2600.00 500.00
XII - Other long term employee benefits
XII - W6¶LOI LL;PGÉLE&L;QLKIZL)L
(ìn Crore)
` EKLT.FTB
Sick Leave & Leave Fare Silver Jubilee

WLEG-&LE/R7_7I Z ¾2MI GMZPK
Particulars Casual leave concession Bonus
GPPKL MGH3L$LI&LLKIEI Y4K UR$LZI$LLTVM (Unfunded) (unfunded) (unfunded)
/R7_7I Y4KGVGÉLE
GVGÉLE
Y4KGVGÉLE

OLG¶L3PELP3L;&LLV&LX:¶L Present Value of
176.26 124.02 11.76 Obligation 176.26 124.02 11.76
MB¹&LLLIZOT¶L3LLEL Opening Balance of
ÈLKG&)LELTL 0 0 0 Transitional Liability 0 0 0
PL;ETOL4KLV&LL6¶L Transitional Liability
recognized in the year 0 0 0
MB¹&LLLIZOT¶L3LL 0 0 0
Closing Balance Of
MB¹&LLLIZOT¶L3LLEL Transitional Liability 0 0 0
CG3LLTL 0 0 0
3LRZV*LL&LTB&LL6¶LOT¶L3LL Liability Recognized in
balance Sheet 176.26 124.02 11.76
176.26 124.02 11.76
GPPKL ÉLLKLLELWLÉLLK Particulars Basis of assumption

$L7_7LOK MBLLTGÉL3L ZT<LL &LLVE MB<¶LL ET *L4KL ET WVRMLK Discount rate Discount rate has been determined
OLG¶L3PLTBEIWVR&LLGV3LL3LLTETWVR*LMKELKI$LBÉL*LLLTB*LK by reference to market yields on the
balance sheet date on Government
3LRZV*LLEIG3LG'LELT $LLuLLKÈLG*3L¶LLTB ET WVRMLK$L7_7L
Bonds of term consistent with estimated
OKGVÉLL;GK3LEIY¶LIH4B term of the obligations as per para 78
¶LLTUVL WLG-3L¶LLTB *LK ¶LLTUVLWLG-3L¶LLTB *LKMB)LLGP3LÈG3L¾2ZOKMB$LBGÉL3LOLG¶L3P of AS15(R).
ÈG3L¾2ZEIMB)LLGP3L EI*LXKIWL¶LRETGK7VLTETGZ WPGÉLETWLK&)L&LTB$LLuLLK Expected rate of return on plan The expected return on plan assets is
assets based on market expectations, at the
OK MB)LLPVLWLTB*LKWLÉLLGK3LH4B beginning of the period, for returns over
PT3LVPAGOK MBLLTGÉL3LZT<LL&LLVEMB<¶LL MET *L4KLET the entire life of the related obligation.
WVRMLK )LLPI PT3LVPAG ET WVR&LLVLTB ET GZ E&L;QLKI Rate of escalation in salary The estimates of future salary increases
$LLuLLK &LTB WL*LX3L PB &LLY U4MT MB$L L7ELTB> &LHBYLC;> considered in actuarial valuations
taking into account inflation, seniority,
PGKs3LL>*LOLT£G3LWLGO*LK$LI&LLBGEE&LX:¶LLBEV*LKGPQLK promotion and other relevant factors
GE¶LLY¶LLH4B mentioned in paras 83-91 of AS15(R).
ÀLMOK ÀLMOKELGVÉLL;KLG*L/ZT WL4KMB)LLGP3L)LLPIWVR)LPLTB Attrition rate Attrition rate has been determined by
reference to past and expected future
MBO)L;^LKLGE¶LLY¶LLH4WL4KNM&LTB&LA3¶LRELT/LT.EKE3LR
experience and includes all types
WLE_S3LLET ELKLHRC; W6¶LM)LIÈELKEIGVELGM¶LL of withdrawals other than death but
MG&&LGZ3LH4B including those due to disability.
270
okf"kZd fjiksVZ
&LLQ;>ELTM&LL*3LPL;HT3LR<LB.PLKMXQVL 16. SEGMENT REPORTING FOR THE PERIOD ENDED 31st

MARCH 2015
` ZL<LFTB
(ìn Lakhs)
)LLYEELKLT$LLK<LB. PART A: BUSINESS SEGMENTS
¹&L GPPKL M&LL*3LPL; M&LL*3LPL; SI. Particulars YEAR ENDED YEAR ENDED
MB No.
31.03.2015 31.03.2014 31.03.2015 31.03.2014
i. <LB.PLKKLU-P i. Segment Revenue
E
7TuLKI 1287749 1156487 a) Treasury 1287749 1156487
<L
EL8*LLTK; 7T !HLTZMTZ$L4B EY 2327330 2280260 b) Corporate/Wholesale Banking 2327330 2280260
Y
GK7TZ$L4BEY 1558965 1298618 c) Retail Banking 1558965 1298618
L
W6¶L$L4BEY*LGKQLZV 46565 44631 d) Other Banking Operations 46565 44631
ULT. 5220609 4779996 Total 5220609 4779996
ii. <LB.PLK*LGKLL&L ii. Segment Results
E
7TuLKI 115605 130238
a) Treasury 115605 130238
<L
EL8*LLTK; 7T !HLTZMTZ$L4B EY 735052 724758
b) Corporate/Wholesale Banking 735052 724758
Y
GK7TZ$L4BEY 492376 412753
c) Retail Banking 492376 412753
L
W6¶L$L4BEY*LGKQLZV 14707 14186
d) Other Banking Operations 14707 14186
ULT. 1357740 1281935
iii. Y4KWL$LBG73L0¶L¶L 162264 143490 Total 1357740 1281935
iv. *LGKQLZVZL)L 1195476 1138445 iii. Unallocated Expenses 162264 143490
v. EKHT3LRÈLPÉLLV 89567 134794 iv. Operating Profit 1195476 1138445
vi. WMLÉLLKL&LOTB LX6 LX6 v. Provision for Tax 89567 134794
vii. LRZL)L 306158 334257 vi. Extraordinary Items NIL NIL
W6¶LMXQVL vii. Net Profit 306158 334257
viii. <LB.PLKWLG-3L¶LL Other Information:
viii. Segment Assets
E
7TuLKI 15358540 14738938 a) Treasury 15358540 14738938
<L
EL8*LLTK; 7T !HLTZMTZ$L4B EY 29636192 27042005 b) Corporate/Wholesale Banking 29636192 27042005
Y
GK7TZ$L4BEY 13692018 11680455 c) Retail Banking 13692018 11680455
L
W6¶L$L4BEY*LGKQLZV 1138717 1207539 d) Other Banking Operations 1138717 1207539
N*LULT. 59825467 54668937 Sub Total 59825467 54668937
¥
Y4KWL$LBG73LWLG-3L¶LL 507893 373055 e) Unallocated Assets 507893 373055
ERZWLG-3L¶LL 60333360 55041992
Total Assets 60333360 55041992
ix. <LB.PLKOT¶L3LL B
ix. Segment Liabilities
E
7TuLKI 14466730 13871663
a) Treasury 14466730 13871663
<L
EL8*LLTK; 7T !HLTZMTZ$L4B EY 27915336 25450787
Y
GK7TZ$L4BEY 12896977 10993149 b) Corporate/Wholesale Banking 27915336 25450787
L
W6¶L$L4BEY*LGKQLZV 1072596 1136485 c) Retail Banking 12896977 10993149
N*LULT. 56351639 51452084 d) Other Banking Operations 1072596 1136485
¥
Y4KWL$LBG73LWLG-3L¶LL 73769 376 Sub Total 56351639 51452084
ERZOT¶L3LL B 56425408 51452460 e) Unallocated Liabilities 73769 376
Total Liabilities 56425408 51452460
)LLY<L)LL4YLTGZE<LB. Part B – GEOGRAPHIC SEGMENTS

¹&LMB<¶LL GPPKL M&LL*3LPL; M&LL*3LPL; Sl. No Particulars Year Ended Year Ended
31.03.2015 31.03.2014 31.03.2015 31.03.2014
1. KLU-P 1. Revenue
E LKTZX 5086534 4682517 a) Domestic 5086534 4682517
<L WB3LKL;rI¶L 134075 97479 b) International 134075 97479
ERZ 5220609 4779996 Total 5220609 4779996
2. WLG-3L¶LLB 2. Assets
E LKTZX 52344759 48594534 a) Domestic 52344759 48594534
<L WB3LKL;rI¶L 7988601 6447458 b) International 7988601 6447458
ERZ 60333360 55041992 Total 60333360 55041992
VLT7
Note:
< LB.PLKOT¶L3LLWLTB ELT NVEIM&$L<LB.PLKWLG-3L¶LLTB ET WVR*LL3L&LTB 1. Segment Liabilities are distributed in the ratio of their respective
WL$LBG73LGE¶LLY¶LLH4B" Segment Assets.
G*L/ZI WPGÉL ET WLBE.LTB EI WLP¶LE3LLVRMLK *LRV M&LXHV! 2. Figures of the previous period have been re-grouped/
*LRVP;YI;EKLGE¶LLY¶LLH43LLGEN6HTB3LRZVI¶L$LVL¶LLULMETB" re-classified wherever necessary to make them comparable.
271
)LLK3LI¶LMVOIZT<LLELKMB-'LLV^LKLULKIMBLLTGÉL3LZT<LL 17. Disclosure of Related Parties as per AS –18 issued by ICAI
&LLVEETWVRMLKÈE7IEKL Names of the related parties and their relationship with the
MB$LBGÉL3L*LL7¶LLTBETVL&L3L'LL$L4BEETML'LNVETMB$LBÉL Bank:
&LR<¶LÈ$LBÉLVEL&LE Key Management Personnel:

i. + IETWLKEL&L3L>WÉ¶L\L PBÈ$L6ÉLGVOTLE i. Shri K. R. Kamath, Chairman & Managing Director (up to
3LE
27.10.2014).
ii. +I YL4KI LBEK EL¶L;*LLZE GVOTLE GOVLBE MT ii. Shri Gauri Shankar , Executive Director ( Additional charge
È$L6ÉLGVOTLE PBMIC;WLTELWG3LGK%SÈ)LLK
of Managing Director & CEO w.e.f. 09.02.2015).
iii. +IETPID[ÄLUIKLP>EL¶L;*LLZEGVOTLE iii. Shri K.V.Brahmaji Rao, Executive Director.
iv. .L8KL&L MMLBYL*LRKT>EL¶L;*LLZEGVOTLE iv. Dr .Ram S.Sangapure, Executive Director.
WVRLBGY¶LLB Subsidiaries:
i. *LI V$LIGY:7_MGZG&L7T. i. PNB Gilts Ltd.
ii. *LI V$LIHL¦MYJ2LCVTBMGZG&L7T. ii. PNB Housing Finance Ltd.
iii. *LBUL$LV4LVZ$L4BE CB7KV4LVZ
GZG&L7T.>¶LXET iii. Punjab National Bank (International) Ltd., UK
iv. *LI V$LIC6PT-7&LTB7MPMTUGZG&L7T. iv. PNB Investment Services Ltd
v. .E*LI V$LI$L4BEGZG&L7T.)LX7LV v. Druk PNB Bank Ltd, Bhutan.
vi. *LI V$LICB¶LLTKTBMD[LTEYÈLGZ* vi. PNB Insurance Broking Pvt Ltd*.
vii.UT MMI M$LI*LI V$LIEULG<L-3LLV vii. JSC SB PNB Kazakhstan
MH¶LLTYIMB-'LL B Associates:
i. ÈGM*LZ*LI V$LIWMT7&L4VTU&LTB7E&*LVIÈLGZ i. Principal PNB Asset Management Company Pvt. Ltd.
ii. ÈGM*LZ7-7IE&*LVIÈLGZ ii. Principal Trustee Company Private Limited
iii. *LI V$LI&LT7ZLCJ2CBG.¶LL B¶LLTKTBMEBGZ iii. PNB Metlife India Insurance Co. Ltd
iv. &LÉ¶LG$LHLKY[L&LIL$L4BE>*L7VL iv. Madhya Bihar Gramin Bank, Patna.
v. MP;HGK¶LLLLY[L&LIL$L4BE>KLTH3LE v. Sarva Haryana Gramin Bank, Rohtak
vi. GH&LLQZÈOTLY[L&LIL$L4BE>&L.I vi. Himachal Pradesh Gramin Bank, Mandi
vii.*LBUL$LY[L&LIL$L4BE>E*LXK'LZL vii. Punjab Gramin Bank, Kapurthala
viii.MP;¶LX*LIY[L&LIL$L4BE>&LTK#
viii. Sarva UP Gramin Bank, Meerut.
* EB*LVIM&LL*LVWÉLIVH4 %¶LLTBGEZLCMTBMELT *LHZT HIPL*LMEKGO¶LL * Steps are being taken for winding up of the company as the license
Y¶LLH4B has already been surrendered on 14.02.2011.
VLT7 GOVLBE MT MT7_M ET¶LK B. GKEB-7%LV CB7KÈLC;UTU GZ ELT $L4BE EI Note: Assets Care & Reconstructions Enterprise Ltd has ceased to be an
Associate of the Bank w.e.f. 09.09.2014, since the share holding of
MH¶LLTYIMB-'LLEI+TLIMTH7LGOLYLH4>%LTBGEJI VDIWJVILTKLGKSL%
Punjab National Bank has reduced to 15.30% from 30%.
MTEFEKET%EKOIH4"
Joint Venture:
MB¶LR%SN]&L
i. Everest Bank Limited, Nepal
i
PKT-7$L4BEGZ>VT*LLZ
272
okf"kZd fjiksVZ
MB$LBGÉL3L*LL7¶LLTBMTZTVOTV
` ZL<LFTB
&LXZ** -PLG&L3PW'LPL WVRLBGY¶LLB** ERZ

&LR<¶LÈ$LBÉLVEL&LEET
GPPKL!MB$LBGÉL3L*LL7I; GV¶LBLLETWVRMLK
MH¶LLTYI!MB¶LR%SN]&L &LR<¶LÈ$LBÉLVEL&LE
GK3LTOLK

WGÉLE3L&L WGÉLE3L&L WGÉLE3L&L WGÉLE3L&L WGÉLE3L&L WGÉLE3L&L
$LEL¶LLKLGL $LEL¶LLKLGL $LEL¶LLKLGL $LEL¶LLKLGL $LEL¶LLKLGL $LEL¶LLKLGL
*LLGK+G&LE ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB - - 100.74 ZLYXVHIB ZLYXVHIB ZLYXVHIB 100.74 ZLYXVHIB
ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB - - (121.98) ZLYXVHIB ZLYXVHIB ZLYXVHIB (121.98) ZLYXVHIB
NÉLLK ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB - - - - - - - -
U&LLKLGL¶LL ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB 9010.29 - 4.97 21.29 4.83 25.95 9020.09 47.24
ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB (2488.04) (8274.89) (16.05) (25.56) (36.25) (47.31) (2540.34) (8347.76)
U&LLKLGL¶LLTB ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB - - - - - - - -
ELGV¶LLTUV ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB (34678.25) (34678.25) - - - - (34678.25) (34678.25)
WGY[&L ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB 2600.00 - - - 36.12. 36.12 2636.12 36.12
LT¶LK*LXUI&LTBGVPTL ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB (879.67) (4944.50) - - (24.22) (24.22) (879.67) (4944.50)
ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB 127.83 - - - - - 127.83 -
G.DTBQK&LTBGVPTL ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB - ZLYXVHIB - ZLYXVHIB - ZLYXVHIB - ZLYXVHIB
ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB - - - - - - - -
Y4KGVGÉLE ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB - ZLYXVHIB - ZLYXVHIB - ZLYXVHIB - ZLYXVHIB
ÈG3L$L3LL B ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB - - - - - - - -
ZIY¶LI
ZIUY! Q*LI - - - - - - - -
0¶LP-'LL
OIY¶LI
ZIUY! Q*LI - - - - - - - - - - - -
0¶LP-'LL
WQZWLG-3L¶LLTBEI
- - - - - - - - - - - -
<LKIO
WQZWLG-3L¶LLTBEI
- - - - - - - - - - - -
G$L¹I
OIY¶LI
ZIUY! Q*LI - - - - - - - - - - - -
0¶LP-'LL
MBOºL$¶LLU ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB 510.53 - - - - - 510.53 -
ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB (283.48) ZLYXVHIB (0.03) ZLYXVHIB - ZLYXVHIB (283.51) ZLYXVHIB
ÈL*3L$¶LLU ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB - - - - - - - -
ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB (2287.21) ZLYXVHIB ZLYXVHIB ZLYXVHIB - - (2287.21) ZLYXVHIB
MTPL BÈL*3LEKVL ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB - - - - - - - -
ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB (114.30) ZLYXVHIB - - - - (114.30) ZLYXVHIB
MTPL BÈOLVEKVL ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB - - - - - - - -
ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB - - - - - - - -
È$L6ÉLVMBGPOL B ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB - - - - - - - -
ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB (90.00) - - - - - (90.00) ZLYXVHIB
ÈL*3LZL)LLBL ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB 11.89 - - - - - 11.89 -
ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB (1933.62) - - - - - (1933.62) -
$L4BEÈ)LLK ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB - - - - - - - -
ÈL*3LE&LILV ZLYXVHIB ZLYXVHIB ZLYXVHIB ZLYXVHIB - ZLYXVHIB ZLYXVHIB
* È$L6ÉLV^LKL3L4¶LLK3L'LLÈ&LLGL3L
** WVRLBGY¶LLTBWL4KER/MH¶LLTYIMB-'LLWLTBETML'LHR ZTVOTVELÈE7IEKLZT<LL&LLVEM&$LG6ÉL3L*LL7I;ÈE7IEKLET*L4KLET&LÎTVUKVHIBGE¶LLY¶LLH4

ULTKL5¶L^LKLGV¶LBGL3LN]&LLTBELTNVEI TMIW6¶LM&$LG6ÉL3L*LL7¶LLTBMTZTVOTV&LTBMTGEMIMTM&$LG6ÉL3LMXQVLOTVTMT/X7OT3LLH4ULTKL5¶L^LKLGV¶LBGL3LHLTB
273
Transactions with Related Parties (` in Lac)
Parent** Relatives of Key
Items/ Related Associates/ Joint Key Management
(as per ownership Subsidiaries** Management Total
Party ventures Personnel
or control) Personnel
2014-15
2014-15
2014-15
2014-15
2014-15
2014-15
Maximum Maximum Maximum Maximum Maximum Maximum
amount amount amount amount amount amount
outstanding outstanding outstanding outstanding outstanding outstanding
N.A N.A N.A N.A - - 100.74 NA NA NA 100.74 NA

Remuneration
N.A N.A N.A N.A - - (121.98) NA NA NA (121.98) NA
Borrowings N.A N.A N.A N.A - - - - - - - -
N.A N.A N.A N.A 9010.29 - 4.97 21.29 4.83 25.95 9020.09 47.24
Deposits
N.A N.A N.A N.A (2488.04) (8274.89) (16.05) (25.56) (36.25) (47.31) (2540.34) (8347.76)
Placement of N.A N.A N.A N.A - - - - - - - -
Deposits N.A N.A N.A N.A (34678.25) (34678.25) - - - - (34678.25) (34678.25)
N.A N.A N.A N.A 2600.00 - - - 36.12. 36.12 2636.12 36.12
Advances N.A N.A N.A N.A (879.67) (4944.50) - - (24.22) (24.22) (879.67) (4944.50)
N.A N.A N.A N.A 127.83 - - - - - 127.83 -
Investments in
share capital N.A N.A N.A N.A - N.A - N.A - N.A - NA
Investments in N.A N.A N.A N.A - - - - - - - -

debentures N.A N.A N.A N.A - NA - NA - NA - NA
Non funded
N.A N.A N.A N.A - - - - - - - -
Commitments
Leasing/ HP
arrangements - - - - - - - - - - - -
availed
Leasing/ HP
arrangements - - - - - - - - - - - -
provided
Purchase of
- - - - - - - - - - - -
fixed assets
Sale of Fixed
- - - - - - - - - - - -
Assets
Leasing/ HP
arrangements - - - - - - - - - - - -
availed
N.A N.A N.A N.A 510.53 - - - - - 510.53 -
Interest paid
N.A N.A N.A N.A (283.48) N.A (0.03) N.A - N.A (283.51) N.A
Interest N.A N.A N.A N.A - - - - - - - -
received N.A N.A N.A N.A (2287.21) N.A N.A N.A - - (2287.21) N.A
N.A N.A N.A N.A - - - - - - - -
Receiving of
Services N.A N.A N.A N.A (114.30) NA - - - - (114.30) NA
Rendering of N.A N.A N.A N.A - - - - - - - -
Services N.A N.A N.A N.A - - - - - - - -
Management N.A N.A N.A N.A - - - - - - - -
contracts N.A N.A N.A N.A (90.00) - - - - - (90.00) NA
Dividend N.A N.A N.A N.A 11.89 - - - - - 11.89 -
received N.A N.A N.A N.A (1933.62) - - - - - (1933.62) -
Bank Charges N.A N.A N.A N.A - - - - - - - -
Commission - - - - - - - -
N.A N.A N.A N.A
Received
* As compiled and certified by the management.

(Figures in brackets relate to previous year)
** The transactions with the subsidiaries and certain associates have not been disclosed in view of para-9 of AS-18 ‘Related Party Disclosure’, which
exempts state controlled enterprises from making any disclosures pertaining to their transactions with other related parties, which are also state
controlled.
274
okf"kZd fjiksVZ
*L7_7LTBETGZ ZT<LLBEV>ZT<LL&LLVE 18. Accounting for Leases – AS 19

GPºLI¶L*L7_7T Financial Leases:
E
GPºLI¶L*L7_7T*LKZIYC;WLG-3L¶LLTBEL&LXZ&LX:¶LWL4K a. Original value of assets acquired on financial
W6¶LWQZWLG-3L¶LLTB&LTBMG&&LGZ3L ¾2VI;QKP lease and included in other fixed assets
GJ2%MQKMGH3L
` ZL<L (including furniture and fixture): `41.65 lacs
NM*LKGE Y &LX:¶LÀLMEIÈLPÉLLVEIKLGL The amount of depreciation provided

3LE ` ZL<L upto 31.03.2015 thereon: `41.65 lacs
ELTW*LGZG<L3L&LX:¶L ` The written down value as on 31.03.2015: `1.00
<L
EPL;MTWVGÉLE&LTB6¶LXV3L&LMBOT¶L*L7_7L b. Minimum Lease Payment due not later than
)LRY3LLV ` one year: `1.00
Y
EPL;MTWGÉLEGE63LRPL;MTWVGÉLE&LTBMBOT¶L c. Minimum Lease Payment due more than one
6¶LXV3L&L*L7_7L)LRY3LLV LX6¶L year but not later than five years: NIL
L
PL;ET$LLOMBOT¶L6¶LXV3L&L*L7_7L)LRY3LLV LX6¶L d. Minimum Lease Payment due later than
five years: NIL
¥
*LGKQLZV*L7_7T LX6¶L e. Operating leases : NIL
ZT<LL&LLVEÈG3LLT¶LKWU;V C;*LI M
19. AS 20 - Earnings Per Share
GPPKL 31.03.2015 31.03.2014 Sl.No. Particulars 31.03.2015 31.03.2014
E
C;*LI M&LXZ3LVR²3L *L¶LT&LTB
16.91 93.91 A EPS - Basic / Diluted (in `) 16.91 93.91
<L
EKET*L1LL3L_YLEET*L&LTBN*L¶LLTY 30615843 33425704 B Amount used as numerator Profit 30615843 33425704
EIYC;KLGL ` ’&LTB
after tax (ìn ’000)
Y
LT¶LKLTBELWBGE3L&LX:¶L `2/-ÈG3L `10/-ÈG3L C Nominal value of share `2/- each `10/- each
L
&LX:¶LPY;ET*L&LTBN*L¶LLTYGE Y 1810470746* 355946370 D Weighted average number of eq-
CG%P7ILT¶LKLTBEI)LLGK3LWL4M3LMB<¶LL 1810470746* 355946370
uity shares used as the denominator
* GOVLBEELT$L4E B ETLT¶LKEI¾2TMP:¶LR`!ÈG3LLT¶LKMT`!ÈG3LLT¶LK * The face value of bank’s share was split from `10/- per share to ` 2/- per
&LTB GP)LLGUSEKGO¶LLY¶LLH4"CG%P7ILT¶LKLTB EIMB<¶LLGP)LLUVETJQLSOIYC;H4" share on 19.12.2014.The number of equity shares given is post split.
ZT<LL&LLVEWL¶L*LKEKLTBETMB$LBÉL&LTBZT<LLBEV 20. AS 22- Accounting for taxes on Income

$L4BEVTZT<LLVIG3LMB<¶LLETWVRMLKWL-'LGY3LEKWLG-3L¶LLTB3L'LL The Bank has recognized deferred tax assets and liability as
per accounting policy no. 7. Major components of which are
OT¶L3LLWLTBEI*LHQLVEIH4GUMETÈ&LR<L L7EGV&VGZG<L3LH4B set out below:
` EKLT.FTB
(ìn Crores)
GPPKL Particulars As on 31.03.2015 As on 31.03.2014
EIG-'LG3L EIG-'LG3L Deferred Tax Assets
WL-'LGY3LEKWLG-3L¶LL 523.04 538.23 Provision for Leave encashment 523.04 538.23
/R7_7IVEOIEKLETGZ ÈLPÉLLV LX6 LX6 Provision for Pension & Gratuity NIL NIL
*LTBLVPN*LOLVETGZ ÈLPÉLLV 0.34 1.10 Statutory Liability u/s 43B 0.34 1.10
ÉLLKL$LIETW63LY;3LMLBGPGÉLEOT¶L3LL LX6 LX6 Provision for wage revision NIL NIL
PT3LVPAGETGZ ÈLPÉLLV 1371.29 343.87 Provision for bad & doubtful 1371.29 343.87
ULT. 1894.67 883.20 debts
Total 1894.67 883.20
WL-'LGY3LEKOT¶L3LL B
Deferred Tax Liabilities
WQZWLG-3L¶LLTB*LK&LX:¶LÀLM 4.10 18.66
Depreciation on fixed assets 4.10 18.66
WL¶LEKWGÉLGV¶L&L>EIÉLLKL
405.73 309.70
Deduction u/s 36(1)(viii) of 405.73 309.70
viii
ETWB3LY;3LE7L43LI Income Tax Act 1961
ULT. 409.83 328.36 Total 409.83 328.36
WL-'LGY3LEKWLG-3L¶LL LR
1484.84 554.85 Deferred Tax Assets (Net) 1484.84 554.85
*L¶LTEKLT.EIWL-'LGY3LEKWLG-3L¶LLZL)LPHLGV<LL3LT&LTBU&LL The deferred tax assets `930.00 crore is credited to Profit
EIYC;H4B and Loss Account.
ZT<LL&LLVEM&LTGE3LGPºLI¶LGPPKLLTB &LTB MLTGMM 7LTB &LTB 21. AS 23- Accounting for Investments in Associates in
GVPTLLTBETGZ ZT<LLBEV Consolidated financial Statements
QXG E$L4E
B EIW*LVIMH¶LLTYIMB-'LLWLTB &LTB )LLYIOLKIÈ²G3LELGVPTLH4WL4K Since Investments of the bank in its Associates are participative
in nature and the Bank having the power to exercise significant
$L4E
B ELTNVEIYG3LGPGÉL¶LLTB *LK&LH3P*LXL;È)LLP.LZVTELWGÉLELKH4>W3L influence on their activities , such Investments are recognized
$L4E
B EIM&LTGE3LGPºLI¶LGPPGKL¶LLTB &LTB TMT GVPTLLTB ELT&LL6¶L3LLOIYC;H4B in the Consolidated Financial Statements of the Bank.
275
ZT<LL&LLVE*LGKQLZVWPHLTVL 22. AS 24 - Discontinuing Operations
GOVLBE MT EI WPÉLI ET OL4KLV $L4BE VT During the period from 01.04.2014 to 31.03.2015, the bank
W*LVIGEMI)LILL<LLEL*LGKQLZVWPVHIBGE¶LLH4GUMET has not discontinued operations of any of its branches, which
resulted in shedding of liability and realization of the assets
*LGKLL&L-P*LOT¶L3LLWLTB EIL4.YWL4KWLG-3L¶LLTB EL)LRY3LLV3L'LL
and no decision has been finalized to discontinue an operation
TMLELTC;GVL;¶LVHIBGZ¶LLY¶LLGUMMT*LGKQLZV&LTBELTC;)LIÈ)LLP in its entirety which will have the above effect.
*L.LHLT=
ZT<LL&LLVEWB3LGK3LGPºLI¶LGK*LLT7Y 23. AS 25- Interim Financial reporting
$L4BE W*LVT <LL3LLTB EI /&LLHI M&LI\LL ET È¶LLTUV MT )LLK3LI¶L GKUP; The Bank is adopting the format prescribed by the RBI for
$L4BE*LGK*LLMB.I$LI M WLK MMB$LIMI!! the purpose of half yearly review of its accounts as per RBI
Circular No. DBS.ARS.No.BC 13/08.91.001/2000-01 dated
GOVLBE&LC; ET WB3LY;3L)LLK3LI¶LGKUP; $L4BE^LKLGVÉLL;GK3L 17th May 2001.
¾2L&LT;7LTBELTW*LVLKHLH4B"
ZT<LL&LLVEWLG-3L¶LLTBEIW*LML&LL6¶L3LL 24. AS 28 – Impairment of Assets
$L4BEEIWLG-3L¶LLTB&LTB*L¶LL;*3LGH-MLGPºLI¶LWLG-3L¶LLTBELH4GUV*LKZT<LL A substantial portion of the bank’s assets comprise of ‘financial
&LLVEWLG-3L¶LLTBEIW*LML&LL6¶L3LLZLYXVHIBH4B$L4BEEIKL¶L&LTBCV assets’ to which Accounting Standard 28 ‘Impairment of
Assets’ is not applicable. In the opinion of the bank, there is
WLG-3L¶LLTB GUV*LK&LLVEZLYXHLT3LLH4
EINE_S&LLVEEIL3L;ET no impairment of its assets (to which the standard applies) to
WÉLIVW*LTG\L3L*LHQLVETGZ &LLQ;ELTGEMI&LH3P*LXL; any material extent as at 31.03.2015 requiring recognition in
MI&LL3LEW*LML&LL6¶L3LLVHIBH4" terms of the said standard.
ZT<LL&LLVEÈLPÉLLV>WLEG-&LEOT¶L3LL BWL4KWLEG-&LE 25. AS-29 Provisions, Contingent Liabilities and Contingent Assets
WLG-3L¶LL i) Movement of provisions for liabilities*
i
OT¶L3LLWLTBETGZ ÈLPÉLLVLTB&LTB L7$L*
` EKLT.FTB
(ìn Crore)
GPPKL PT3LVM&LL43LTEI ELVXVI&LL&LZT! Particulars
Salary arrears under Legal cases/
$LL3LQI3LETW63LY;3L WLEG-&LE3LL B negotiation contingencies
Balance as at 1st April 18.21
PT3LV$LEL¶LLB 2014
1020.00
WÈ4Z>ELTLTL 1020.00 18.21 Provided during the 1.81
630.00
WPGÉLETOL4KLVÈLPÉLLV 630.00 1.81 period
Amounts used during the NIL
WPGÉLETOL4KLVÈ¶LRE_S NIL
LX6 LX6 period
KLGL¶LLB Reversed during the 1.97
356.00
WPGÉLETOL4KLV*LZ7LY¶LL 356.00 1.97 period
ELTLTL 1294.00 18.05 Balance as at 31.03.2015 1294.00 18.05
Timing of outflow/ - -
$LGHPL;H!WGV1L¶LELM&L¶L - -
uncertainties
* W6¶LETGZ ÈLPÉLLVELT/LT.EK * Excluding provisions for others
ii
WLEG-&LEOT¶L3LLWLTB*LKWVRMXQIOT<LTB ii) Refer Schedule-12 on contingent liabilities
¹&LMB<¶LL I
, II
, III
, IV
, V
P VI
EI TMIOT¶L3LL B Such liabilities at S.No.(I), (II), (III), (IV), (V) & (VI) are
WOLZ3L!*LBQL7!WOLZ3LIM&LL43LLTBETGVELLT>W*LIZLTBEIGV*L7LV> dependent upon the outcome of Court / arbitration / out of
court settlement, disposal of appeals, the amount being called
&LLBYI UL KHI KLGL> MBGPOLY3L OLG¶L3PLTB EI L3LLT> M&$LÉO *LL7¶LLTB
up, terms of contractual obligations, devolvement and raising
^LKLEIY¶LI&LLYLTB*LK¹&LLWLG+3LH4B TMT&LL&LZLTB&LTBELTC;ÈG3L*LX3L of demand by concerned parties, respectively. No liability is
È3¶LLGL3LVHIBH4B expected in such cases.
ZL)LPHLGV<LL3LT&LTB0¶L¶LLIL;ETW63LY;3LOLL;¶LTY¶LT??ÈLPÉLLV 26. Break up of “Provisions and Contingencies” shown under the
PWLEG-&LE3LL BELGPPKLGV&VGZG<L3LH4 head Expenditure in Profit and Loss Account is as follows:
` EKLT.FTB
(ìn Crore)
GVPTLLTB*LK&LX:¶LÀLMHT3LRÈLPÉLLV LR
-567.03 782.76 Provisions for depreciation on investment -567.03 782.76
(net)
WVU;EWLG-3L¶LLTBETGZ ÈLPÉLLV LR
7979.19 4517.09 Provision towards NPAs (net) 7979.19 4517.09
&LLVEWLG-3L¶LLTBETGZ ÈLPÉLLV 404.88 505.34 Provision towards Standard Assets 404.88 505.34
WL¶LEKET GZ ÈLPÉLLV ¾2$LI7IWL4KM&JGºL 895.67 1347.94 Provision made towards Income Tax 895.67 1347.94
EKMGH3L
(including Fringe Benefit Tax & Wealth Tax)
276
okf"kZd fjiksVZ
W6¶LÈLPÉLLVWL4KWLEG-&LE3LL B 180.46 888.75 Other Provision and Contingencies: 180.46 888.75

GPPKL 31.03.2015 31.03.2014 Detail: 31.03.2015 31.03.2014
&LLVE 86.24 868.67 Standard 86.24 868.67
Restructured
*LRVMBKGQ3L! Sale to SC/RC NIL NIL
MMI!WLKMIELTG$L¹ILX6LX6 Written off 74.06 57.25
$L7_7T<LL3LL 74.06 57.25 & others
W6¶L Sale to Arcil 20.16 -37.17
WLKGMZELTGD¹I 20.16 -37.17 Total 8893.17 8041.88
ULT. 8893.17 8041.88
¾ZLT7YÈLPÉLLVLTBELGPPKLGV&VGZG<L3LH4 27. Break-up of Floating Provisions is as follows :

` EKLT.FTB
(ìn Crore)
!ELTÈLKG&)LELTL 720.50 1075.36 Opening balance as on 720.50 1075.36
01.04.2014/01.04.2013
PL; ET OL4KLV GE Y ¾ZLT7Y ÈLPÉLLVLTB EI LX6 LX6 Quantum of floating provisions made during NIL NIL
KLGL the year
PL; ET OL4KLV WLHKL ^LKL EI YC; E&LI .L 360.25 354.86 Purpose and amount of draw down made 360.25 354.86
.L¦V
EIKLGLWL4KNÎT¶L during the year
Closing balance as on 31.03.2015/ 360.25 720.50
!ELTCG3LLTL 360.25 720.50
31.03.2014
ÈLKG\L3LGVGÉLMTKLGLWLHKL 28. Draw Down from Reserves:
` ZL<LFTB
(ìn Lacs)
¹&L ÈLKG\L3LGVGÉL WLHKL NÎT¶L Sr. Reserves Amount Purpose
MB YC;KLGL No. drawn
W6¶LÈLKG\L3LGVGÉL¶LL 0.069 3LEEIWPGÉLET GZ WB3L 1 Other Reserves 0.069 Payment made during the year ended
LL<LL ¹TG.7 ET WP <LL3LT ET GZ 31.03.2015 for Blocked Account of In-
PL; ET OL4KLVGE¶LLY¶LL)LRY3LLVJ[GPG7LB ter Branch Credit entries pertaining to the
period upto 31.3.1999.
SEEIH4B
*LRV&LX;:¶LVÈLKG\L3L 2062.89 MB*LGºLET*LRV&LX;:¶LVPLZT)LLY*LK&LX:¶LÀLM 2 Revaluation 2062.89 Depreciation on revalued portion of
reserves property
GVGÉL
GLEL¶L3LLTBWL4K$L4BEYZLTE*LLZETWGÉLGVL;¶LLTBELTG¹¶LLG6P3LV 29. Disclosure of complaints and unimplemented awards of
EKVTETM&$L6ÉL&LTBÈE7IEKL Banking Ombudsman
EY[LHEGLEL¶L3LTB a. Customer Complaints
E
PL;W'LL;3L_ETWLK&)L&LTBZG&$L3LGLEL¶L3LLTB 192 (a) No. of complaints pending at the beginning of the 192
EIMB<¶LL year i.e. 01.04.2014
<L
PL; W'LL;3L_ MT ET OL4KLVÈL*3L 29759 (b) No. of complaints received during the year i.e. 29759
01.04.2014 to 31.03.2015
GLEL¶L3LLTBEIMB<¶LL
(c) No. of complaints redressed during the year i.e 29778
Y
PL; W'LL;3L_ MT ET OL4KLV 29778
01.04.2014 to 31.03.2015
GV*L7LC;YC;GLEL¶L3LLTBEIMB<¶LL (d) No. of complaints pending at the end of March 2015 173*
L
&LLQ;>ETWB3L&LTBZG&$L3LGLEL¶L3LLTBEIMB<¶LL 173*
* All complaints stand since resolved.
* M)LIGLEL¶L3LLTBELGV*L7LVHLTQRELH4B
<L$L4BEYZLTE*LLZ^LKLGO Y WGÉLGVL;¶L b. Awards passed by the Banking Ombudsman
E
PL; W'LL;3L_ ET WLK&)L&LTB ZLYX VGE Y 4 (a) No. of unimplemented Awards at the beginning of the 4
WGÉLGVL;¶LLTBEIMB<¶LL year i.e. 01.04.2014
<L
PL; W'LL;3L_ MT ET OL4KLV$L4BEY 7 (b) No. of Awards passed by the Banking Ombudsman 7
ZLTE*LLZ^LKL*LLGK3LWGÉLGVL;¶LLTBEIMB<¶LL during the year i.e 01.04.2014 to 31.03.2015
Y
PL; W'LL;3L_ MT ET OL4KLV ZLYX 10 (c) No. of Awards implemented during the year i.e 10
01.04.2014 to 31.03.2015
GE Y WGÉLGVL;¶LLTBEIMB<¶LL (d) No. of unimplemented Awards at the end of March 1*
L
&LLQ;> ET WB3L &LTB ZLYX V GE Y WGÉLGVL;¶LLTB 1*
2015
EIMB<¶LL * Appeal filed with Dy. Governor, RBI.
* WLK$LIWLC;ETN*LYPV;KETM&L\LW*LIZOL¶LKEIYC;"
30. The Bank has issued a Letter of Comfort to Prudential Regu-
$L4E
B VT¶LXVLC7T.EY.&L&LTB ÈX.GT 6M¶LZKT9¶LRZT LVW'LLTGK7I *LIWLK
ELT lation Authority (PRA), the regulator in United Kingdom,
¶LXETG-'L3LW*LVIWVRLBYI*LBUL$LV4LVZ$L4E B C67KV4LVZ
GZG&L7T. committing that the bank shall provide financial support to
ETM&$L6ÉL&LTB EQREL43LIWLPLMV*LLULKIGE¶LLH4GUM&LTB CM$LL3L its subsidiary, Punjab National Bank (International) Ltd., UK
ELWLPLMVGO¶LLY¶LLH4GE¶LGO*LBUL$LV4LVZ$L4E B C67KV4LVZ
so that it meets its financial commitments as and when they
277
GZG&L7T.>¶LXET W*LVIGPºLI¶LÈG3L$L3LL B*LXKIVEK*LL¶LL3LLT$L4E
B NMT fall due. However, no financial obligation has arisen out
GPºLI¶LMHL¶L3LLÈOLVEKTYLB $LHKHLZ>&LLQ;>EIG-'LG3LET of such arrangement during the financial year ending 31st
March 2015.
WVRMLK TMIGEMIGPºLI¶LÈG3L$L3LL BEIG-'LG3LVHIBWLC;H4B
The detail of Letters of Comfort / Letters of undertaking issued
GOVLBE&LLQ;>3LEULKIGE Y WLPLMV*LL!PQV*LL and outstanding as at 31st March, 2015.
EL$¶LL4KL
` EKLT.FTB
(` In Crores)
&LTBULKIGE Y WLPLMV*LL!PQV*LL 43097 Letter of Comforts (LoU)/ Letter of Undertaking (LoU) 43097
issued during 2014-15
ETOL4KLV*LGK*L%P!GVK-3LWLPLMV*LL!PQV*LL 20147
LoC / LoU matured / cancelled during 2014-15 20147
ELT$LEL¶LLWLPLMV*LL!PQV*LL 22960* LoC / LoU outstanding as at 31.03.2015 22960*
* -PI²3L 7T. ¹TG.7 GZG&L7_M ET WB3LY;3L ULKI N*LKGZG<L3L WLPLMV *LL!PQV * The above mentioned LoC/LoU have been issued within the sanctioned
*LL3L'LL$L4BEEI$L4ZTBMLI7ET LIL;-PI²G3L>*LAsLBEV PB W6¶LOLG¶L3P&LTB Trade Credit Limits and forms an integral part of the contingent liabili-
WLEG-&LEOT¶L3LLWLTBELWG)L£WBYH4" ties reported in the Bank’s Balance Sheet under the Head – Acceptance,
Endorsements and other Obligations.
$L4BE^LKLÈLK&)LGE Y $L4BE ¶LLTKTBMELKLT$LLKETM&$L6ÉL&LTB 31. Disclosure in respect of Bancassurance Business undertaken
ÈE7IEKL by the bank:
(` in Crore)
` EKLT.FTB
Particulars 31.03.2015 31.03.2014

GPPKL 31.03.2015 31.03.2014
Details of fees/remuneration received
! M&LL*3L PL; ET OL4KLV
in respect of Bancassurance Busi-
$L4BE^LKLGE Y T&¶LRQRWZJ2B.ELKLT$LLKMGH3L ness including Mutual Fund Business
$L4BE ¶LLTKTBM ELKLT$LLK ET M&$L6ÉL &LTB LR:E! undertaken by the bank during the year
*LLGK+G&LEET*LÈL*3LKLGLELGPPKL 31.03.2015/31.03.2014
(i) UIPV$LI&LLELKLT$LLK 59.74 46.28 (i) Life Insurance Business: 59.74 46.28
(ii) Y4KUIPV$LI&LLELKLT$LLK 21.87 20.30 (ii) Non-life Insurance Business: 21.87 20.30
(iii) &¶LRQRWZJ2B.ELKLT$LLK 03.62 2.05 (iii) Mutual Fund Business 03.62 2.05
ULT. 85.23 68.63 Total 85.23 68.63
32.I. U&LL KLGL¶LLTB> WGY[&LLTB> L ULTG<L&LLTB WL4K WVU;E WLG-3L¶LLTB 32. I. Concentration of Deposits, Advances, Exposures and
NPAs:
ELET6ÇIEKL
(a) Concentration of Deposits:
E
U&LLKLGL¶LLTBELET6ÇIEKL
( ` in Crore)
` EKLT.FTB
Particulars 31.03.2015 31.03.2014
GPPKL 31.03.2015 31.03.2014
Total Deposits of twenty largest depositors 20707.42 23735.90
M$LMT$L.TU&LLEºLL;WLTBEIERZU&LLKLGL 20707.42 23735.90
$L4BEEIERZU&LLKLGLEI3LRZVL&LTB 4.13% 5.26% Percentage of Deposits of twenty largest 4.13% 5.26%
depositors to Total Deposits of the bank
M$LMT$L.TU&LLE3LL;WLTBEIU&LLKLGLEL%
<L
WGY[&LLTBELET6ÇIEKL (b) Concentration of Advances:
` EKLT.FTB
(` in Crore)
Total Advances of twenty largest borrowers 57335.91 56283.42
M$LMT$L.TGL¶LLTBETERZWGY[&L 57335.91 56283.42
$L4BEETERZWGY[&LLTBEI3LRZVL&LTB 15.07% 16.11% Percentage of Advances of twenty largest 15.07% 16.11%

M$LMT$L.TGL¶LLTBETWGY[&LLTBEL% borrowers to Total Advances of the bank
Y
LLTBELET6ÇIEKL (c) Concentration of Exposures:
` EKLT.FTB
(` in Crore)
Total Exposures of twenty largest borrowers/ 64105.34 66512.10
M$LMT $L.T GL¶LLTB!Y[LHELTB ELT GO¶LL Y¶LL ERZ 64105.34 66512.10 customers
L Percentage of Exposures to twenty largest 12.87 14.21
$L4BE ET ERZ L EI 3LRZVL &LTB M$LMT $L.T 12.87 14.21 borrowers/customers to Total Exposures of
the bank on borrowers/customers
GL¶LLTB!Y[LHELTBELTÈOºLLEL%
278
okf"kZd fjiksVZ
L
WVU;EWLG-3L¶LLTBELET6ÇIEKL (d) Concentration of NPAs:
` EKLT.FTB
(ìn Crore)
MPLT;1QWVU;EWLG-3L<LL3LLTB&LTBERZL 2047.53 2688.55 Total Exposure to top four NPA accounts 2047.53 2688.55
.
ÈLPÉLLVIEKLEPKTUWVR*LL3L (e) Provisioning Coverage Ratio:
GPPKL 31.03.2015 31.03.2014
Particulars 31.03.2015 31.03.2014
ÈLPÉLLVIEKLEPKTUWVR*LL3L 58.21% 59.07% Provisioning Coverage Ratio 58.21% 59.07%
""\LTLPLKWGY[&LLTB II. Sector-wise advances:

` EKLT.FTB
( ìn Crore)
¹ \LTL 3LE 3LE Sl. No. Sector As on 31.03.2015 As on 31.03.2014
MB ERZ$LEL¶LLMEZ CV ERZ$LEL¶LLMEZ CV\LTLLTB Outstand- Gross Per- Outstand- Gross Per-
ing Total NPAs cent- ing Total NPAs cent-
WGY[&LTB V*LI \LTLLTB WGY[&LTB V*LI &LTBERZ
Advances age of Advances age of
&LTBERZ WGY[&LLTB Gross Gross
WGY[&LLTB &LTBMT NPAs NPAs
&LTBMT MEZ to to
Total Total
MEZ V*LI Ad- Ad-
V*LI EL vances vances
EL ÈG3LL3L in that in that
sector sector
ÈG3LL3L
A Priority
W ÈL'LG&LE\LTL Sector
1. ²GL PBMHL¶LE 1. Agriculture
YG3LGPGÉL¶LL 56899.49 3114.089 5.47 49148.78 2288.05 4.66 and allied
activities 56899.49 3114.089 5.47 49148.78 2288.05 4.66
2. ÈL'LG&LE\LTLET
LLTBETGZ 2. Advances
to industries
*LLLWL4]LTGYE sector eligible
\LTLLTBELTWY[I&LTB 31834.43 3801.48 11.94 27616.63 1868.67 6.77 as priority
3. MTPL B 24378.84 2480.91 10.18 14101.83 938.33 6.65 sector lend-
ing 31834.43 3801.48 11.94 27616.63 1868.67 6.77
4. 0¶LG%SY3LL 28669.97 1215.90 4.24 29594.82 1631.76 5.51
3. Services 24378.84 2480.91 10.18 14101.83 938.33 6.65
N*LULT. W
141782.74 10613.18 7.49 120462.07 6726.82 5.58
4. Personal
loans 28669.97 1215.90 4.24 29594.82 1631.76 5.51
WL Y4KÈL'LG&LE Sub-total (A) 141782.74 10613.18 7.49 120462.07 6726.82 5.58
\LTL
1. ²GL PBMHL¶LE B Non Priority
YG3LGPGÉL¶LL 1656.21 30.11 1.82 2987.94 150.88 5.05 Sector
2. ÈL'LG&LE\LTLET 1. Agriculture
and allied
LLTBETGZ
activities 1656.21 30.11 1.82 2987.94 150.88 5.05
*LLLWL4]LTGYE
2. Industry 114760.23 9308.50 8.11 92908.68 6815.96 7.34
\LTLLTBELTWY[I&L 114760.23 9308.50 8.11 92908.68 6815.96 7.34
3. Services 68406.71 2346.42 3.43 56071.77 1231.46 2.20
3. MTPL B 68406.71 2346.42 3.43 56071.77 1231.46 2.20
4. Personal
4. 0¶LG%SY3LL 65816.27 3396.64 5.16 87215.32 3954.94 4.53 loans 65816.27 3396.64 5.16 87215.32 3954.94 4.53
N*LULT. W
250639.41 15081.67 6.02 239183.71 12153.25 5.08 Sub-total (B) 250639.41 15081.67 6.02 239183.71 12153.25 5.08
ERZULT. 392422.15 25694.86 6.55 359645.78 18880.06 5.25 Total (A+B) 392422.15 25694.86 6.55 359645.78 18880.06 5.25
WWL
III. WVU;EWLG-3L¶LLTB&LTB L7$L III. Movement of NPAs:

` EKLT.FTB
(` in Crore)
! ELT MEZ WVU;E 18880.06 13465.79 Gross NPAs as on 01.04.2014/01.04.2013 18880.06 13465.79
(opening balance)
WLG-3L¶LL ÈLKG&)LELTL
Additions (Fresh NPAs) during the year 16659.56 10809.97

PL;ETOL4KLVPAG V¶LIWVU;EWLG-3L¶LL
16659.56 10809.97
Sub-total (A) 35539.62 24275.76
N*LULT. W
35539.62 24275.76
Less:
L7L B
(i) OUL;$LL 999.62 1429.22 (i) Up gradation 999.62 1429.22
(ii) PMXZI GUV<LL3LLTBELOUL;$LLNV&LTBHRC;PMXZI 2925.48 2611.31 (ii) Recoveries (excluding recoveries made 2925.48 2611.31
ELT/LT.EK
from upgraded accounts)
(iii) 3LEVIEI!ÈX.TB7KLC;7WL8¾2 5919.66 1355.17 (iii) Technical /Prudent Write-offs 5919.66 1355.17
279
(iv) N%S iii
ELT/LT.EKGE¶LLY¶LLKLC;7WL8¾2 - - (iv) Write-offs other than those under (iii) - -
above
N*LULT. WL
9844.76 5395.70 Sub-total (B) 9844.76 5395.70
! ELT MEZ WVU;E 25694.86 18880.06 Gross NPAs as on 31.03.2015/31.03.2014 25694.86 18880.06
WLG-3L¶LL8B WG63L&LLTL
WWL
(closing balance) (A-B)
KLC;7WL8J23L'LLCM&LTBEIYC;PMXGZ¶LLTBELGPPKL Detail of Technical write-offs and the recoveries made there on:
` EKLT.FTB
(` in Crore)
GPPKL Particulars As on As on
3LE 3LE 31.03.2015 31.03.2014
WÈ4Z!3LEVIEI!ÈX.TB7KLC;7WL8J2 5349.55 4111.68 Opening balance of Technical / Prudential 5349.55 4111.68

<LL3LLTBELÈLKBG)LELTL written-off accounts as at April 1,
2014/2013
ULT.PL;ETOL4KLV3LEVIEI!ÈX.TB7KLC;7WL8J2<LL3LT 6787.48 1701.35 Add : Technical / Prudential write-offs 6787.48 1701.35
during the year
N*LULT. W
12137.03 5813.03 Sub-total (A) 12137.03 5813.03
Less : Recoveries made from previously
E&LIPL;ETOL4KLV3LEVIEI!ÈX.TB7KLC;7WL8J2<LL3LT technical / prudential written-off accounts 990.94 463.48
990.94 463.48
EIYC;PMXZI WL
during the year (B)
!WBG3L&LLTL WWL
11146.09 5349.55 Closing balance as at 11146.09 5349.55
31.03.2015/31.03.2014 (A-B)
IV. GPOTLG-'L3LWLG-3L¶LL>WVU;EWLG-3L¶LLWL4KKLU-P IV. Overseas Assets, NPAs and Revenue:

` EKLT.FTB
(` in Crore)
ERZWLG-3L¶LL 79886.01 64474.58 Total Assets 79886.01 64474.58
ERZWVU;EWLG-3L¶LL MEZ
376.81 344.24 Total NPAs (Gross) 376.81 344.24
ERZKLU-P 2247.19 1825.64 Total Revenue 2247.19 1825.64
IV. 3LRZV*LLET WZLPL$L4BE^LKLÈL¶LLTGU3LGPLTLÈ¶LLTUV&LLÉ¶L&L V. Off-balance sheet SPVs sponsored by the Bank (which are
GUVELZT<LLBEV&LLVO.LTBETWVRMLKM&LTEVW*LTG\L3LH4
required to be consolidated as per accounting norms)
ELT MFL*SGPºLPL; ET OL4KLV$L4E B ^LKLGEMIÈELKEL Bank has not sponsored any SPV (Domestic as well as
GPLTLÈL¶LLTUV&LLÉ¶L&L LKTZX WL4KWB3LKL;rI ¶L
È¶LLTGU3LVHIBGE¶LLY¶LLH4B overseas) during the financial year ended 31.3.2015.
¹TG.7EL.;WL4K.TG$L7EL.;ÉLLKELTBELTGKPL.;*PLCB7 33. Reward Points of Credit Card & Debit Card
i. U$L E)LI *LI V$LI 9ZLT$LZ ¹TG.7 WL4K .TG$L7EL.; ÉLLKE W*LVT i. PNB Global Credit & Debit Cardholders are rewarded as
and when they make purchases through usage of Credit
¹TG.7EL.;WL4K.TG$L7EL.;ELÈ¶LLTYEKET<LKIOOLKIEK3LTH4B 3LLT & Debit Card. Reward Points are generated at the time of
N6HTB GKPL.;ET*PLCB7ÈOLVGE¶LTUL3LTH4B ¶LTWBEN6HTB 3L$LG&LZ3LT usage of Credit & Debit Card by Cardholder at Merchant
H4B U$LPT GEMI0¶LL*LLGKEMB-'LLV*LK¹TG.7WL4K.TG$L7EL.; Establishment. Card holder can redeem the accumulated
ELÈ¶LLTYEK3LTH4B EL.;ÉLLKECVWBELTB ELT EGL3LEKME3LLH4B reward points. The amount payable on account of reward
GKPL.;*PLCB7LTB ETELKLOT¶LKLGLELTZL)LPHLGV<LL3LT&LTB È)LLGK3L points is charged to Profit and Loss account and credited
GE¶LLUL3LLH4WL4KO4GVEWLÉLLK*LKGPG)L£ÈLPÉLLV<LL3LT&LTB ¹TG.7 to Sundry Provision Account on daily basis because such
GE¶LLUL3LLH4%¶LLTGB E¶LHKLGL*LGK&LLL¶LLT9¶LHLT3LIH4"B amount is quantifiable.
$LEL¶LLGKPL.;*PLCB7LTB¹TG.7EL.;3L'LLNVETMB$LBÉL&LTBGE Y Position of outstanding reward points and provision regarding
ÈLPÉLLVEIG-'LG3LGV&VGZG<L3LH4 Credit Cards is as under:

ELT ELT 31.03.2015 31.03.2014
$LEL¶LLLTLGKPL.;*PLCB7 107562484 89045841 Balance Reward Points outstanding 107562484 89045841
CV*PLCB7ETGZ GE¶LLY¶LLÈLPÉLLV `ZL<L&LT
B 13865 445.23 Provision held for these points (ìn Lacs) 13865 445.23
ii. ZL8¶L:7I*LRK-ELKWBE.TG$L7EL.; MT MB$LBGÉL3L$LEL¶LL*LRK-ELK ii. Position of outstanding reward points and provision thereon
WBELTB WL4KNV*LKÈLPÉLLVEIG-'LG3LGV&VP3LH4 regarding Loyalty Reward Points-Debit Cards is as under:

ELT ELT 31.03.2015 31.03.2014
ZL8¶L:7IGKPL.;*PLCB7LTBELLTL 685567905 542983866 Balance of loyalty reward points 685567905 542983866
Provision held against reward points 247.63 198.58
GKPL.; *PLCB7LTB ET GZ GE¶LL Y¶LL ÈLPÉLLV 247.63 198.58
(ìn Lacs)*
`ZL<L&LTB
280
okf"kZd fjiksVZ
* ZL8¶L:7IGKPL.;*PLCB7LTB&LTB*PLCB7ETGZ ÈLÈLPÉLLVK<LLY¶LLH4GUMT * The provision held against Loyalty Reward points has been worked at
`0.25 for 1 point, which has further been valued at 15% on estimated
G*L/ZTPL;EI3LKHWVR&LLGV3LWLÉLLK*LKÈG3LL3L&LX:¶LLBGE3LGE¶LLY¶LLH4B" basis as in the previous year.
GPºLI¶L PL; ET WB3L 3LE GOVLBE ET OL4KLV ELTC; 34. No SGLs were bounced during the year ended 31.03.2015.
MUI ZVHIBVELKLY¶LLB
QZGVGÉLEPKTUWVR*LL3L 35. Liquidity Coverage Ratio
E &LLLL3&LEÈE7IEKL A. Quantitative Disclosure
` EKLT.FTB
(` in Crore)
PºL;&LLVPL; *LXP;PL; Current year Previous Year
ERZ ERZ ERZWGVÉLL;GK3L ERZGVÉLL;GK3L Total Total Total Total Weight-

WGVÉLL;GK3L GVÉLL;GK3L &LX:¶L WL4M3L
&LX:¶L WL4M3L
Unweight- Weighted Unweighted ed Value
ed Value Value Value (average)
&LX:¶L &LX:¶L (average)* (average)* (average)
WL4M3L
* WL4M3L
*
N1QYRLPºLL3LKZMB*LGºL High Quality Liquid Assets
1 ERZN1QYRLPºLL3LKZMB*LGºL 65452.29 1 Total High Quality Liquid 65452.29

NA
Q%X Z
ZLYXVHIB Assets (HQLA)
Cash Outflows
VEOIDGH;PLH
2 Retail deposits and deposits 322412.72 24223.32 NA NA
2 /LT7T0¶LPML¶LETY[LHELTBMT<LROKLU&LL 322412.72 24223.32 ZLYXVHIB ZLYXVHIB from small business customers
WL4KU&LLGUV&LTBMT of which :
(i) G-'LKU&LL 160358.95 8017.95 ZLYXVHIB ZLYXVHIB (i) Stable deposits 160358.95 8017.95 NA NA
(ii) E&LG-'LKU&LL 162053.77 16205.38 ZLYXVHIB ZLYXVHIB (ii) Less stable deposits 162053.77 16205.38 NA NA
3 WMRKG\L3L'LLTEGVG>GUV&LTBMT 81785.78 64598.41 ZLYXVHIB ZLYXVHIB 3 Unsecured wholesale funding, 81785.78 64598.41 NA NA
of which:
(i) WL*LKTLVZU&LL M)LIÈG3L*L\LLTB
15.83 3.72 ZLYXVHIB ZLYXVHIB (i) Operational deposits (all 15.83 3.72 NA NA
counterparties)
(ii) Y4K*LGKQLZVU&LL M)LIÈG3L*L\LLTB
81769.96 64594.68 ZLYXVHIB ZLYXVHIB (ii) Non-operational deposits (all 81769.96 64594.68 NA NA
counterparties)
(iii) WMRKG\L3LL 0.00 0.00 ZLYXVHIB ZLYXVHIB (iii) Unsecured debt 0.00 0.00 NA NA
4 MRKG\L3L'LLTEGPºL*LLTLL 0.00 4 Secured wholesale funding 0.00
5 WG3LGK%SWLP¶LE3LL BGUV&LTBMT 16.91 16.91 5 Additional requirements, of 16.91 16.91
which
(i) 0¶LR3*L£ULTG<L&LWL4KW6¶LU&LLV3LET 16.91 16.91 ZLYXVHIB ZLYXVHIB (i) Outflows related to derivative 16.91 16.91 NA NA
WLP¶LE3LLWLTBMTMB$LBGÉL3L$LGHPL;H exposures and other collateral
requirements
(ii) LN3*LLOLTB*LKÉLVEIHLGVMT 0.00 0.00 ZLYXVHIB ZLYXVHIB (ii) Outflows related to loss of 0.00 0.00 NA NA
MB$LBGÉL3L$LGHPL;H funding on debt products
(iii) ¹TG.7WL4K3LKZ3LLEIMRGPÉLL¶LTB 0.00 0.00 ZLYXVHIB ZLYXVHIB (iii) Credit and liquidity facilities 0.00 0.00 NA NA
6 W6¶LMBGPOL3&LEOLG¶L3PLTBETGPºL 8386.59 481.52 ZLYXVHIB ZLYXVHIB 6 Other contractual funding 8386.59 481.52 NA NA
*LLTLL obligations
7 W6¶LWLEG-&LEGPºL*LLTLLETOLG¶L3P 141600.61 7080.03 ZLYXVHIB ZLYXVHIB 7 Other contingent funding 141600.61 7080.03 NA NA
obligations
8 ERZVEOIDGH;PLH 96400.19 ZLYXVHIB 8 Total Cash Outflows 96400.19 NA
VEOIÈPLH Cash Inflows
9 MRKG\L3LL U4MTKT*LLTGKPM;
8283.79 0.00 ZLYXVHIB ZLYXVHIB 9 Secured lending (e.g. reverse 8283.79 0.00 NA NA
repos)
10 *LXKI3LKHMTÈOL;VEKULTG<L&LMT 43546.72 25628.61 ZLYXVHIB ZLYXVHIB 10 Inflows from fully performing 43546.72 25628.61 NA NA
WB3LPL;H exposures
11 W6¶LVEOIÈPLH 6293.10 3146.55 ZLYXVHIB ZLYXVHIB 11 Other cash inflows 6293.10 3146.55 NA NA
12 ERZVEOIÈPLH 58123.61 28775.16 ZLYXVHIB ZLYXVHIB 12 Total Cash Inflows 58123.61 28775.16 NA NA
ERZ ERZMFLLTGUS Total Total Adjusted
MFLLTGUS FX: Adjusted Value
Value
FX:
13 TOTAL HQLA 65452.29 NA
13 ERZ Q%X Z 65452.29 ZLYXVHIB
14 ERZLRVEOI$LGHPL;H 67625.03 ZLYXVHIB 14 Total Net Cash Outflows 67625.03 NA
15 QZGVGÉLEPKTUWVR*LL3L %
96.79 ZLYXVHIB 15 Liquidity Coverage Ratio (%) 96.79 NA
* G*L/ZIG3L&LLHIET&LREL$LZT&LLGMEG7**LGL¶LLTBEIMKZWL4M3L* W'LL;3L_GOVEIWPGÉL&LTB * Simple averages of monthly observations over previous quarter (i.e. average over a period of 90
days)
WL4M3L
"
<LQZGVGÉLEPKTUWVR*LL3L*LKYRLL3&LEÈE7IEKL B. QUALITATIVE DISCLOSURE ON LIQUIDITY

COVERAGE RATIO
ZMIWLKET&LR<¶L L7E
1. Main drivers of LCR
ELT> GPGV¶LL&LE W*LT\LLWLTB ET WVRMLK ÈG3LL3L As at 31.03.2015, against the regulatory requirement of 60%
ZMIWLK ET ÈG3L MB*LXL; $L4BE -3LK GPOTLI LL<LLWLTB MGH3L
*LK of LCR, the bank is at a comfortable level of quarterly average
%ELG3L&LLHIWL4M3LEL*L¶LL;*3L-3LKH4B of 96.79% at whole bank level (including foreign branches).
$L4BEET ZMIWLKEL&LR<¶L L7E*L¶LL;*3LN1QYRLPºLL*LXL;QZGVGÉL The main drivers of LCR of the bank are sufficient high quality
WLG-3L¶LLB H4B Q%¶LX Z
GUMMT HK M&L¶L $L4BE EI QZGVGÉL liquid assets (HQLAs) to meet liquidity needs of the bank at
WLP¶LE3LLWLTBELT*LXKLGE¶LLULMET3L'LL<LROKL PB/LT7TELKLT$LLKI all times and basic funding from retail and small business
281
Y[LHELTBELT$LRGV¶LLOIJ2B.YEIULMETB$L4BEETERZU&LL*LLT7J2LTGZ¶LLT customers. The retail and small business contributes about
EL ZL)L % WBLOLV <LROKL 3L'LL /LT7T ELKLT$LLK EL H4 GUMMT 72% of total deposit portfolio of the bank which attracts low
!%ELZLTKVWL¾2J24%7KWLEL3LHLT3LLH4B" run-off factor of 5/10%.
CB7LWPGÉL3L'LLWLTPK7LC;&L&LTB*LGKP3L;V 2. Intra period changes as well as changes over time

There has not been any intra period changes in LCR. However,
ZMIWLK&LTB ELTC; *LGKP3L;VVHIB HRWLH4"HLZLBGE>&LLQ;>EI increase in LCR on quarter ended March,2015 was due to
G3L&LLHI> G&L¶LLOI L MT $L:E U&LLKLGL EI LT.Y WL4K CB¾ZLT &LTB shedding of bulk deposits and increase in quarterly inflows
WGÉLE3LLWLC;H4" from Term loans.
N1QYRLPºLL*LXL;QZWLG-3L Q%¶LX Z
EIMBKQVL 3. Composition of High Quality Liquid Assets (HQLA)
N1QYRLPºLL*LXL;)LLK&LRE_SWLG-3L¶LLTBEIM&LLGPr Q%¶LX Z ULTGE HQLA comprises of high quality unencumbered assets that
O$LLPY[-3L *LGKOA¶L ET OL¶LKT &LTB ÈL*3L GVGÉL¶LLTB HT3LR W:*L!HLGV KGH3L! can be readily converted into cash at little/no loss of value or
MB*LGLP;EET*L&LTBÈ¶LR%SVEOI&LTB*LGKP3L3LEIULMETYI" used as collateral to obtain funds in a range of stress scenarios.
HQLAs comprises of Level 1 and Level 2 assets. Level 2 assets
-3LKP-3LKWLG-3L¶LLTBEI Q%¶LX Z M&LLGPrH4B-3LKWLG-3L¶LLB> is further divided into Level 2A and Level 2B assets, keeping
CVEIEI&L3LWG-'LK3LLELTOT<L3LTHR C6HTBWLYT-3LKEP-3LK in view their price volatility.
<LWLG-3L¶LLTB&LTBGP)LLGU3LGE¶LLY¶LLH4B"
Level-I assets are those assets which are highly liquid. As
-3LKWLG-3L¶LLB>PTWLG-3L¶LLBH4BULTN1QÈPLHIH4BET on 31.03.2015, the Level-I assets of the bank includes Cash
WVRMLK>VEOILTL>WG3LGK%SMIWLKWLK>WG3LGK%S M ZWLK>MGH3L in Hand, Excess CRR, Excess SLR, besides MSF & FALLCR
$L4BEEI-3LKWLG-3L¶LLB &L M J2P J2 Z ZMIWLKET ¶LLTY totalling ` 62829.80 cr.
ÈKLT.ELT/LT.EKH4B" Level-2A & 2B assets are those assets which are less liquid
-3LKEP<LPT WLG-3L¶LLB H4B ULT 6¶LXVÈPLHIWL4KNVEI)LLK and their weighted amount comes to ` 3460.45 cr.
KLGLÈKLT.*LKWLY¶LIH4B" 4. Concentration of Funding Sources
GVÉLI¶LV°LT3LLTBELMBET6ÇL This metric includes those sources of fundings, whose
CM&L4G7E&LTBNVGVGÉL¶LLTBET°LT3LLTBGUVELWLHKLQZGVGÉLULTG<L&LLTB withdrawal could trigger liquidity risks. It aims to address
the funding concentration of bank by monitoring its funding
ET WÉLIV H4> LLG&LZ H4" CMEL NÎT¶L È3¶LTE &LH3P*LXL; ÈG3L*L\L requirement from each significant counterparty and each
WL4KÈ3¶LTE&L¿3P*LXL; N3*LLO!GZ<L3LMT W*LTG\L3LCMET GVÉLI¶LVEI significant product / instrument. As per RBI guidelines, a
GVYKLVIETGVYKLVI^LKL$L4BEETGVÉLI¶LVMBET6ÇLELT0¶L%SEKVL “significant counterparty/Instrument/product” is defined as a
H4>)LLK3LI¶L$L4BEETGOLLGVOT;LLTBETWVRMLK??&LH3P*LXL;ÈG3L*L\L!GZ<L3L! single counterparty/Instrument/product or group of connected
N3*LLOELT EZÈG3L*L\LGZ<L3L!N3*LLO¶LL$L4BEETERZOLG¶L3PEL or affiliated counterparties accounting in aggregate for more
MTWGÉLEOLG¶L3PPLZTÈG3L*L\LIMTUR.T¶LLM&$LM&LXHET*L than 1% of the bank’s total liabilities.
&LTB*LGK)LLGL3LGE¶LLY¶LLH4" The bank has no significant counterparty (deposits/borrowings)
$L4BEELELT ELTC; )LI&LH3P*LXL; ÈG3L*L\L
U&LL!NÉLLK
as at 31.03.2015.The share of largest depositor in bank’s total
liability is 0.45% whereas the contribution of top 20 depositors
VHIBH4B$L4BEEIERZOT¶L3LLETM$LMT$L.TU&LLE3LL;ELLT¶LK is 4.10% only. The significant product / instrument includes
H4 U$LGELIL; U&LLE3LL;WLTB EL¶LLTYOLV&LLLH4"&LH3PJXL; Saving Fund, Current deposit, Core Term Deposit, Certificate
N3*LLO!GZ<L3L&LTB>$LQ3LGVGÉL>EKTB7G.*LL8GU7>U&LLELÈ&LLL*LLWL4K of deposit and Inter-bank term deposit which are 25%, 5%,
WB3LK$L4BEU&LLULTGE$L4BEEIERZOT¶L3LLEL>> PB 41%, 1% and 2% of bank’s total liability respectively, the
WL4KH4>LLG&LZH4>GPºL*LLTLLULT GEGP-3LA3L*LMT ¾24ZL funding from which are widely spread and cannot create
concentration risk for the bank.
HRWLH4$L4BEETGZ MBETÇLULTG<L&LELTMAGU3LVHIBEKME3LL"
.TGKPTG7P %-*LLTUK 5. Derivative exposure
As on 31.03.2015, the back to back swap deals are having
ELT $L4E7X $L4E-P4*L.IZET GZ ÈKLT.EL negative MTM of ` 4.42 cr. while trading swap deals are
VTYGT 7P &L7I &LH4>74 .Y-P4*L.IZEK3LTM&L¶L &L7I &LÈKLT. having negative MTM of ` 13.82 cr which is not having
H4 ULT GEQZGVGÉL3LKZ3LL*LKELTC; &LH3P*LXL; È)LLPVHIB .LZ3LLH4" significant impact on liquidity management.
EKTBMIG&LM&L4Q 6. Currency Mismatch

)LLK3LI¶LGKUP; $L4BEET GOLLGVOT;LLTB ET WVRMLK&LRÇL&LH3P*LXL; &LLVI As per RBI guidelines, a currency is considered as “significant”
UL3LIH4 ¶LGONM&LRÇLEIERZOT¶L3LL$L4BEEIERZOT¶L3LLEL¶LL if the aggregate liabilities denominated in that currency
amount to 5 per cent or more of the bank’s total liabilities. In
CMMT WGÉLEH4B H&LLKT &LL&LZT &LTB>CM&LLVE*LKETPZX M.L8ZK our case, only USD falls in this criteria which has insignificant
WL3LL H4 ULT GE ZMIWLK HLTKLC;UV &LTB ERZ $LLÂÈPLH *LK VY impact on total outflows in LCR horizon.
È)LLP.LZ3LLH4"
282
okf"kZd fjiksVZ
QZGVGÉLÈ$L6ÉLVET ET6ÇI¶LEKLEIG.Y[IWL4KM&LXHEI 7. Degree of centralization of liquidity management and

interaction between group’s units
CELC;¶LLTBET$LIQMBPLO
The group entities are managing liquidity on their own,
M&LXH CELC;¶LL QZGVGÉL È$L6ÉLV -P¶LB EK3LI H4" 3L'LLG*L> $L4E
B VT however the bank has put in place a group-wide contingency
M&LXH0LJEWLEG-&LEGPºL*LLTLLLTUVLOIH4"GUMMTMBE7ETM&L¶L funding plan to care of liquidity requirement of group as a
M&JXL;JFTB M&LXHEIQZGVGÉLW*LT\LLWLTB EI*LX3LEIULMET" whole in the time of stress.
ÈG3L)LXG3LEKLMTM&$LG6ÉL3LÈE7IEKL 36. Disclosures relating to Securitization

ÈG3L)LX3LWLG-3L¶LLTBEI$LEL¶LLKLGL OUTSTANDING AMOUNT OF SECURITISED ASSETS:
¹MB GPPKL VHI/` EKLT. SI.No Particulars No/` in
FTB crore
1. No of SPVs sponsored by the bank for securitization NIL
1. ÈG3L)LXG3LEKLZTVOTVLTBETGZ $L4BE^LKLÈ¶LLTGU3L M*LIPIEI LX6
transactions*
MB<¶LL
2. Total amount of securitized assets as per books of NIL
2. $L4BE^LKLÈ¶LLTGU3L M*LIPIEI$LGH¶LLTBETWVRMLKÈG3L)LX3L LX6 the SPVs sponsored by the bank
WLG-3L¶LLTBEIERZKLGL 3. Total amount of exposures retained by the bank to
3. 3LRZV*LLEIG3LG'LELT &LWLKWLKEIWVR*LLZVL&LTB$L4BE^LKL comply with MRR as on the date of balance sheet
KLTETY LLTBEIERZKLGL
a) Off-balance sheet exposures NIL
E
3LRZV*LL$LLÂL LX6
First loss
È'L&LHLGV
Others
W6¶L
b) On-balance sheet exposures NIL
<L
3LRZV*LL$LLÂL LX6
First loss
È'L&LHLGV
Others
W6¶L
4 Amount of exposures to securitization transactions
4 &LWLKWLKMTG)L£ÈG3L)LXG3LEKLZTVOTVLTBETÈG3LLKLGL other than MRR
E
3LRZV*LL$LLÂL LX6 a) Off-balance sheet exposures NIL
i
-P¶LBÈG3L)LXG3LEKLMTM&$LG6ÉL3LL i) Exposure to own securitizations
È'L&LHLGV First loss
HLGV Others
ii
W6¶L*L\LÈG3L)LXG3LEKLMTM&$LG6ÉL3LL ii) Exposure to third party securitizations
W6¶L Others
<L
3LRZV*LL$LLÂL LX6 b) On-balance sheet exposures NIL
i
-P¶LBÈG3L)LXG3LEKLMTM&$LG6ÉL3LL i) Exposure to own securitizations
HLGV Others
ii
W6¶L*L\LÈG3L)LXG3LEKLMTM&$LG6ÉL3LL ii) Exposure to third party securitizations
HLGV Others
* $LEL¶LLÈG3L)LXG3LEKLZTVOTVLTBMTM&$LG6ÉL3L M*LIPIHI¶LHL8BMXGQ3LGE¶LTUL B * Only the SPVs relating to outstanding securitization transactions may
be reported here
¹TG.7G.J2L:7-P4*L 37. Credit Default Swaps
QXG E $L4E
B MI.I M MBGPOLWLTB ET &LX:¶LV HT3LR ELTC; -PLG&L3P &LX:¶LV Since the Bank is not using any proprietary pricing model for
&LL8.ZELÈ¶LLTYVHIB EK3LLWL4KELNB7KMBGPOL WLT 7IMI
*LKH4> pricing CDS contracts, and it is over the counter contract
W3L&LX:¶LELGVÉLL;KLYG3L&LLV$LLULK^LKLHLT3LLH4"B CMJ[ELK)LLKSI (OTC), the price is determined by the market dynamics.
GKU;PD4E B ET PS;FLVGOLLGVOT; LLTB EILSL;VM
R LKELTC; J[E7IEKLVHIB As such no disclosure is to be made in terms of extant RBI
guidelines.
GELULVLH4"
U&LLE3LL;GL\LL PBULYESLGVG .IC; J2
ELTWB3LGK3L 38. Transfers to Depositor Education and Awareness Fund
(DEAF):
WLK$LIWLC; ET *LGK*LLMB.I$LIWLT.IMB.IC; J2MTZ$LIMI!! In compliance to RBI Circular No. DBOD.NO.DEAF.CELL.
!> GO ET WVR*LLZV &LTB $L4E B VT .IC; J2 BC.114/30.01.002/2031-14 dated 27.05.2014, the Bank has
¶LLTUVL>ETWB3LY;3LGV&VKLGL)LLGKD4E B ELTWB3LGK3LEIYC;H4" transferred the following amount to RBI, as per Depositor
Education and Awareness Scheme, 2014.
283
` EKLT.FTB
(ìn Crore)
GPPKL ELT ELT Particulars As on 31.03.2015 As on 31.03.2014

.IC; J2ELTWB3LGK3LKLGLELÈLKG&)LE LX6 ZLYXVHIB Opening balance of amounts NIL NA
LTL transferred to DEAF
ULT.WPGÉLETOL4KLV.IC; J2ELT 424.92 ZLYXVHIB Add : Amounts transferred to 424.92 NA
WB3LGK3LEIYC;KLGL DEAF during the period
E&LI%ZT&LETGP.IC; J2^LKL 2.86 ZLYXVHIB Less : Amounts reimbursed by 2.86 NA
KLGLEIÈG3L*LX3L DEAF towards claims
*ELT.IC; J2ELTWB3LGK3L 422.06 ZLYXVHIB Closing balance of amounts 422.06 NA
EIYC;KLGLELWBG3L&LLTL transferred to DEAF as at
31.03.2015*
* GPºLI¶LGPPKLIEIWVRMXQIETWB3LY;3L??WLEG-&LEOT¶L3LLWLTBW6¶LET3LL4K * Reflected as “Contingent Liability - Others, items for which the bank
*LKÈOL3LHRWLH4" is contingently liable” under Schedule 12 of the financial statements.
WKG\L3LGPOTLIEKTBMI %-*LLTUK ¶LX J2MIC;

39. Unhedged Foreign Currency Exposure (UFCE):
D4BE VT FRO[L WLLGKS L ULTG<LF ELT GVBGLS EKVT ET GZ The Bank has framed a policy to manage currency induced
VIGSDVLC;H4WL4KD4BEEILJ[DBV PBULTG<LFVIGS credit risk and has been incorporated in bank’s Credit
Management & Risk Policy 2014-15 as follows:
FTBGV&VPSLLGFZGELYLH4B
??WLKG\LS GPOTLI FRO[L %MJLTUK PLZI M-'LLWLTB ELT %JLTUK “In terms of RBI guidelines on ‘Capital and Provisioning
ET GZ JXBUI PB J[LPLVIEKL WJT\LLWLTB JK )LLGKD4BE ET Requirements for Exposures to entities with Un-hedged
GOLLGVOT;LLTB ET WVRMLKD4BEPLGL;EC;DIWLC;.IET ML'LMFL*S Foreign Currency Exposure’, Bank shall monitor the currency
wise un-hedged foreign currency exposure in the books of
GSFLHIFTB NLKESL;WLTB ET <LLSLTB FTB FRO[LPLKWKG\LSGPOTLIFRO[L borrowers at quarter ends along-with the Annual EBID. The
EIGVYKLVIEKTYL"<LL3LLTB&LTBMT$LI*LI MEI+TLI3LEET incremental provision (ranging from 0 to 80 bps on total credit
CB¹I&LTB7Z ÈLPÉLLV> ULT GE ERZ ¹TG.7 %-*LLTUK PB *LXBUI EI exposure, over and above the standard asset provisioning) and
WLP¶LE3LL> -74..; WLG-3L ÈLPÉLLV PB *LXBUI EI WLP¶LE3LL capital requirement will depend on likely loss (due to foreign
WL4KM&)LP3LNMMTHLTVTPLZIHLGVETGZ NÉLLKE3LL;ELTW*LVT currency fluctuation) that borrowers may face due to their un-
<LL3LLTB &LTB PHV EKVL HLTYLB CM 3LKH ET <LL3LLTB &LTB ÈLPÉLLV EI hedged forex exposure in their books. Bank shall maintain
separate charge and provisioning requirement on account of
WLP¶LE3LLVRMLK %-*LLTUM;ETGZ $L4BE EWZYQLU;$LVL YL> such exposures which may impact the cost to the borrowers.
GUMEIZLY3LNÉLLKE3LL; ^LKLPHVEIUL YIB $L4BEEIGPºLI¶L Appropriate disclosures in the financial statements of the bank
GPPKLI&LTB EM&LRGQ3L %-*LLTUK$LVL¶LLUL YL" shall also be made.”
` EKLT.FTB
(ìn Crore)
CB¹I&LTB7ZÈLPÉLLV 44.41 ZLYXVHIB Incremental Provision 44.41 NA
CB¹I&LTB7ZE4G*L7Z 188.31 ZLYXVHIB Incremental capital held 188.31 NA
CB7LY[R*L %-*LLTUK 40. Intra-Group Exposures

` EKLT.FTB
(ìn Crore)
E CB7LY[R*L %*LLTUKEIERZKLGL 5160.00 ZLYXVHIB a) Total amount of intra-group exposures 5160.00 NA
b) Total amount of top-20 intra group 5160.00 NA
<L LIL; CB7L Y[R*L %-*LLTUK* EI ERZ KLGL 5160.00 ZLYXVHIB exposures*(3 entities.
B7I7I
c) Percentage of intra-group exposures to 13.36% NA
Y NÉLLKE3LL;WLTB!Y[LHELTB *LK $L4BE ET ERZ %-*LLTUK 13.36% ZLYXVHIB total exposure of the Bank on borrower/
&LTB MT CB7L Y[R*L %-*LLTUK EL ÈG3LL3L customers ( As on 31.12.2014)
3LE
d) Details of breach of limits on intra- NIL NA
L CB7LY[R*L %*LLTUK*LKGZG&L7ELNkB LVEL0¶LL4KL LX6 ZLYXVHIB group exposures and regulatory action,
PBKTYRZT7KI %LV>¶LGOELTC;HLT if any.
* 1) *LI V$LIHLNMY¾2LC;VTBMGZ2)*LI V$LIGY:7_MGZ * 1) PNB Housing Finance Ltd. 2) PNB Guilts Ltd.
W6¶LG7**LGL¶LLB 41. Other Notes
E
)LLK3LI¶LGKuLP;$L4E
B ET&LLY;GVOT; LLTB ETWVRMLK$L4E
B VT a. As per RBI guidelines, the Bank has worked out the
amount of inter Branch Credit entries outstanding for more
3LEEIPL;MTWGÉLEEI$LEL¶LLWB3LLL<LL¹TG.7ÈGPGr¶LLTB than 5 years, pertaining to the period up to 31.03.2010,
EIKLGLELTWP<LL3LT&LTB WB3LGK3LEKVTETGZ EL¶L;GE¶LL to be transferred to a Blocked Account. Accordingly, a
H4B 3LOVRMLKÈKLT. EIKLGL GE Y M&LL¶LLTUVET sum of `117.98 crores (net of adjustments since carried
$LLOEILRKLGL
ELTWVRMQ X I&LTB ??W6¶LOT¶L3LL BW6¶L out) has been included under “Other Liabilities-others” in
LIL;ETW63LY;3LWZYMTOLL;¶LLY¶LLH4B Schedule-5.
284
okf"kZd fjiksVZ
ML&LL6¶LGKUP;ETCB7KD[LQ B ¹TG.7ÈGPGr¶LLT>B $ZLE3L'LLWB3LGK3L Claims of `0.093 lacs has been received during the period
ET ÈG3L MT EI WPGÉL ET OL4KLV (01.04.2014 to 31.03.2015) against Inter Branch Credit
ZL<LAET OLPTÈL*3LGE Y 3L'LLGUM&LTMTZL<L entries, Blocked and transferred to General Reserve. This
has been met by transfer from General Reserve `0.069 lacs
ML&LL6¶LGKuLP;MT3L'LL`ZL<LZL)LHLGV<LL3LTMT.TG$L7
and `0.024 lacs to debit of Profit & Loss Account.
EKET*LXL;GE¶LLY¶LL]
<L
ÈKLT. &LX:¶LÀLM L7LEK
G*L/ZTPL;ÈKLT.
b. Premises include properties amounting to `2.99 crore
ÈKLT.
G*L/ZT PL; ÈKLT.
EIKLGLEI (Net of Depreciation) (previous year `4.34 crore) {Cost
M&*LGºLM&LT3L*LGKMKLTB ETGZ 7LC7Z.I._MEL*LBUIEKLGE `7.47crores} (previous year `8.70 crore) are awaiting
ULVTEIÈ3LI\LLH4B *LGKMKLTB &LTB ÈKLT. G*L/ZTPL;*L¶LT registration of title deeds. Premises include capital work in
progress of `77.24 crore (previous year `26.63 crore)
EKLT.
EL*LXU IY3LÈYG3LEL¶L;MG&&LGZ3LH4B
Y
GPG)L£&LX:¶LLBEVPLLT ET GZ EK&LLBYLTB &LTB $L4E B ^LKLGP)LLY! c. Tax Paid in advance/Tax deducted at Source appearing
)LRY3LLV^LKLM&LL¶LLTGU3LGPPLGO3LKLGLMGH3L??W6¶LWLG-3L¶LLTB under “Other Assets includes disputed amount adjusted by
ET3LH3LÈOL3LHLTVT ET°LT3L*LKE7L43LIEIWGY[&L!74%M&LTB the department/paid by the Bank in respect tax demands
)LRY3LLVLLG&LZH4" for various assessment years.
No provision is considered necessary in respect of disputed
ÈKLT. G*L/ZT PL; ` EKLT.
EIGPPLGO3L
Income Tax and Fringe Benefit Tax demands of `1056.21
WL¶LEK &LLBY 3L'LL WVRLBYI ZL)L EK &LLBYLTB HT3LR ELTC; ÈLPÉLLV Crore (previous year `800.67 crore) as in the bank’s view,
EKVLWLP¶LEVHIBM&LLY¶LL%¶LLTGB E$L4E B EIKL¶L&LTB 3L'LL duly supported by expert opinion and/or decision in bank’s
GVÉLL;KLWGÉLELKI^LKLGE Y *LGKPÉL;V!VL&LBuLXGK¶LLP4ÉLVHIB own appeals on same issues, additions/disallowances
H4 3L'LLCM*LKGPLTL,LTB EIKL¶L PB $L4E B EIW*LIZLTB *LK made are not sustainable. Against these disputed demands,
HR GVL;¶LLTB EL)LIWVRM&L'L;VH4B CVGPPLGO3L&LLBYLTB ET MBO)L; `1056.21 crores (previous year `800.67 crore) has been
&LTB ÈKLT. G*L/ZTPL;ÈKLT.
EL)LRY3LLV paid.
GE¶LLY¶LL"
d. During the year the bank has allotted 44207317 equity
.
$L4E
B VT PL; ET OL4KLVMT$LIGPGV¶L&L>M&L¶LM&L¶L*LK¶L'LL shares of `2/- each to Government of India at a premium
MBLLTGÉL3L MT$LI WLC;MI.IWLK GPGV¶L&LV ET WÉ¶LL¶L VII EI of `194.80 per share as determined by the Board in terms
L3LL;VM R LK&LB.Z^LKL¶L'LLGVÉLL;GK3L `!ÈG3LLT¶LKET WBGE3L of the Chapter VII of the SEBI (ICDR) Regulations, 2009,
&LX:¶L PLZT WGÉL&LL6¶L3L WLÉLLK *LK ` ÈG3L LT¶LK ET as amended from time to time on preferential basis. The
ÈIG&L¶L&L*LKCG%P7ILT¶LK)LLK3LMKELKELTWL$LBG73L total amount received by the bank on this account is `870
GE H4B *LGKLL&L-P*L$L4E B ELT ÈKLT. ÈL*3LHR GUM&LTB crores which includes `8.84 crores as equity capital and
ÈKLT. CG%P7I*LXU
IWL4KÈKLT. ÈIG&L¶L&LET*L `861.16 crores as premium. Consequently the Government
&LTB H4B ¾2Z-P*LWGÉL&LL6¶LWL$LB7VMT*LXP; MKELKEILT¶LKÉLLGK3LL holding has increased to 59.86 % as against 58.87% before
ÈG3LL3LEI3LRZVL&LTB W$LÈG3LL3LH4" preferential allotment.
Q
È$LBÉLV^LKLMBEGZ3LMXQVLETWVRMLK>GPºLI¶LPL; e. As per the information compiled by the Management, the
ETOL4KLVEIYC;<LKIO&LTBMX\&L>Z LRWL4K&LÉ¶L&LN]&LGPELM guidelines given in Micro, Small and Medium Enterprises
WGÉLGV¶L&L&LTBGO Y GOLLGVOT;LLTBELWVR*LLZVGE¶LL Development Act 2006 have been complied with for
Y¶LLH4WL4KWGÉLGV¶L&LETWVRMLKGP¹T3LLWLTBEL)LRY3LLVM&L¶L purchases made during the Financial Year 2014-15 and
payments have been made to the Vendors in time as per
*LKGE¶LLY¶LLH4"QXGE)LRY3LLV&LTBELTC;OTKIVHIBHRC;H4W3L
Act. Since there had been no delay in payment so no penal
GPºLI¶LPL; ET OL4KLVELTC; OB.L3&LE$¶LLU)LRY3LLV interest had been paid during FY 2014-15.
VHIBGE¶LLY¶LL'LL"
UHL)LIWLP¶LE3LL'LIPHLBG*L/ZTPL;ETWLBE.LTBELTJRVM;FXHV! 42. Figures of the previous year have been regrouped/rearranged/
reclassified wherever necessary.
JXV0;P-'LLJV!JRVP;YI;EKLGE¶LLY¶LLH4"
285
FLQ;ELTMFL*SSRZVJLETML'LVEOIJ[PLHGPPKLJL
CASH FLOW STATEMENT ANNEXED TO THE BALANCE SHEET FOR THE YEAR ENDED
31st MARCH 2015
(` 000)
2014-15 2013-14
GPPKL
Particulars
W *LGKQLZVEL¶L;EZL*LLTBMTVEOIÈPLH
A. Cash Flow from Operating Activities
(i) EKET*L1LL3L_LRZL)L 30,615,843 33,425,702

Net Profit after Tax
ULTG. EKETGZ ÈLPÉLLV WL-'LGY3LEKELT/LT.EK
8,956,660 13,479,383
Add Provision for Tax (net of deferred tax)
EKLTBMT*LXP;ZL)L (i)
39,572,503 46,905,085
Profit before tax
(ii) GV&VGZG<L3LETGZ M&LL¶LLTUV
Adjustment for :
WQZWLG-3L¶LLTB*LK&LX:¶LÀLM 3,908,570 3,730,620
Depreciation on Fixed Assets
L7LC *LRV&LX;:¶LLBEVÈLKG\L3LGVGÉLMTWLHGK3LKLGL (206,289) (206,732)
Less : Amount drawn from Revaluation Reserve
WVU;EWLG-3L¶LLTBETGZ ÈLPÉLLV 79,791,913 45,170,850
Provisions for non performing assets
&LLVEWLG-3L¶LLTB*LKÈLPÉLLV 4,911,219 13,740,086
Provision on Standard Assets
GVPTLLTB LR
*LK&LX:¶LÀLM! GV&LLT;QV
>$L7_7L<LL3LL>ÈLPÉLLV (5,670,342) 7,827,594
Depreciation/ (Release), Write off, Provision on Invest-
ments (net)
W6¶LÈLPÉLLV LR
1,021,731 688,614
Other Provisions (net)
WVRLBYI!W6¶LMTZL)LLBL GVPTLEL¶L;EZL*L
(350,291) (284,619)
Dividend from Subsidiary / Others (Investing Activity)
$LL8.LTBMT$¶LLU GPºLI¶LEL¶L;EZL*L
12,242,793 9,394,313
Interest on Bonds (Financing Activity)
WQZWLG-3L¶LLTBEIG$L¹IMTZL)L!HLGV LR
(26,180) (46,882)
Profit / Loss on sale of Fixed Assets ( net )
(ii) 95,623,124 80,013,844
*LGKQLZVWLG-3L¶LLTB POT¶L3LLWLTB &LTB *LGKP3L;VLTB MT*LXP; *LGKQLZVZL)L

Operating Profit before Changes in Operating Assets (i+ii) 135,195,627 126,918,929
and Liabilities
(iii) *LGKQLZVWLG-3L¶LLTBPOT¶L3LLWLTB&LTBLR*LGKP3L;V
ETGZ M&LL¶LLTUV
Adjustment for net change in Operating Assets and
Liabilities
GVPTLLTB&LTBE&LI! PAG
(65,660,857) (144,396,456)
Decrease / (Increase) in Investments
WGY[&LLTB&LTBE&LI! PAG
(396,047,233) (449,903,020)
Decrease / (Increase) in Advances
W6¶LWLG-3L¶LLTB&LTBE&LI! PAG
(19,148,443) 12,396,720
Decrease / (Increase) in Other Assets
U&LLKLGL¶LLTB&LTBPAG! E&LI
499,818,923 598,366,832
Increase / (Decrease) in Deposits
NÉLLKLTB&LTBPAG! E&LI
(86,638,639) 76,784,853
Increase / (Decrease) in Borrowings
W6¶LOT¶L3LLWLTBPÈLPÉLLVLTB&LTBPAG! E&LI
12,257,135 (26,782,752)
Increase / (Decrease) in Other Liabilities & Provisions
*LGKQLZVLTBMTN3*L£VEOI (iii) (55,419,114) 66,466,177
286
okf"kZd fjiksVZ
FLQ;ELTMFL*SSRZVJLETML'LVEOIJ[PLHGPPKLJL
CASH FLOW STATEMENT ANNEXED TO THE BALANCE SHEET FOR THE YEAR ENDED
31st MARCH 2015
(` 000)
2014-15 2013-14
Cash generated from Operations (i+ii+iii) 79,776,513 193,385,106
ÈOºLEK PL*LMIELT/LT.EK
(23,589,783) (16,093,908)
Tax Paid (net of refund )
*LGKQLZVEL¶L;EZL*LLTBMTLRVEOI W
56,186,730 177,291,198
Net Cash used in Operating Activities (A)
WL GVPTLEL¶L;EZL*LLTBMTVEOIÈPLH
B. Cash flow from (used in) Investing Activities
WQZWLG-3L¶LLTBEI<LKIO G$L¹IELT/LT.EK
(5,199,706) (4,304,404)
Purchase of Fixed Assets (net of Sales)
WVRLBGY¶LLTB!MB¶LR%SN]&LLTB!\LTY[L$L4BELTBMTÈL*3LZL)LLBL 350,291 284,619
Dividend recd from Subsidiaries / JV / RRBs
WVRLBGY¶LLTB!MB¶LR%SN]&LLTB!\LTY[L$L4BELTB&LTBGVPTL (3,637,256) (2,324,240)
Investment in Subsidaries / JV / RRBs
GVPTLEL¶L;EZL*LLTB&LTBÈ¶LR%SLRVEOI C
(8,486,671) (6,344,025)
Net Cash used in investing Activities (B)
C GPºLI¶LVEL¶L;EZL*LLTBMTVEOIÈPLH
C. Cash flow from (used in) Financing Activities
LT¶LK*LXUIULKIEKVL ÈIG&L¶L&LMGH3L
8,699,999 4,999,999
Issue of Share Capital (incl. Premium)
ULKI$LL8.LTBEL FLTQV
7I¶LK"P7I¶LK""
63,000,000 7,350,000
Issued(Redemption) of Bonds (Tier I & Tier II)
$LL8.LTB*LKÈOºL$¶LLU 7I¶LK"P7I¶LK""
(12,242,793) (9,394,313)
Interest paid on Bonds (Tier I & Tier II)
ZL)LLBLEL)LRY3LLV ZL)LLBL*LKEKMGH3L
- 6,927,770
Payments of Dividends ( incl.tax on Dividend)
GPºLI¶LVEL¶L;EZL*LLTBMTLRVEOI C;
59,457,206 9,883,456
Net Cash from Financing Activities (C)
C; VEOI3L'LLVEOI3LR:¶LLTB&LTBLR*LGKP3L;V WWLC
107,157,265 180,830,629
D Net Change in Cash and Cash Equivalents (A+B+C)
PL;ETWLK&)L&LTBVEOI3L'LLVEOI3LR:¶L
Cash and Cash Equivalents at the beginning of the year
VEOIWL4K)LLK3LI¶LGKuLP;$L4BEET*LLMLTL 222,455,799 178,862,497
Cash and Balances with Reserve Bank of India
$L4BELTBET*LLMLTLWL4K&LLYPW:*LMXQVL*LKÈL*¶LÉLV 229,728,656 452,184,455 92,491,329 271,353,826
Balances with Banks & Money at Call & Short Notice
PL;ETWB3L&LTBVEOI3L'LLVEOI3LR:¶L
Cash and Cash Equivalents at the end of the year
VEOIWL4K)LLK3LI¶LGKuLP;$L4BEET*LLMLTL 242,249,419 222,455,799
$L4BELTBET*LLMLTLWL4K&LLYPW:*LMXQVL*LKÈL*¶LÉLV 317,092,301 559,341,720 229,728,656 452,184,455
107,157,265 180,830,629
G7**LGL¶LL
1 ÈOºLÈ3¶L\LEKLTB PL*LMIELT/LT.EK
ELT*LGKQLZVEL¶L;EZL*LLTBMTNjz3L&LLVLY¶LLH43L'LLC6HTBGVPTL3L'LLGPºLI¶LVEL¶L;EZL*LLTBET&LÉ¶LGP)L%SVHIBGE¶LLY¶LLH4"
2 L7L&LTBGO Y M)LIWLBE.T?VEOI$LLÂOLL;3LTH4B"
Notes :-
1 Direct taxes paid (net of refund) are treated as arising from operating activities and are not bifurcated between investing and financing
activities.
2 All figures in minus represents “Cash Out Flow”
287

YL4KILBEK
GAURI SHANKAR

GVOTLEGVOTLEGVOTLE
GVOTLE GVOTLE
DIRECTOR DIRECTOR

$LIWLKYLT¶LZMLTOLK
ETÈÉLLVMLTOLK
K&LTLE*LXKMLTOLK


&L*LI/LUTOMLTOLK
VIKUYLTZLMMLTOLK
&LVILYR*3LLMLTOLK

GOVLBE!!
Date : 08/05/2015
-'LLVVC;GO:ZI
Place : New Delhi
288
okf"kZd fjiksVZ
ZT<LLJKI\LELTBEL-PSBLJ[GSPTOV INDEPENDENT AUDITORS' REPORT

MTPLFTB To
)LLKSETKL7JGS The President of India
GPºLIGPPKGLLTBJKGKJLT7; Report on the Financial Statements

HFVT JBULD V4LVZ D4BE ?D4BE
EI FLQ;> EI MBZ9V 1. We have audited the accompanying Standalone financial
GP3SI GPPKGLLTB EI ZT<LL JKI\LL EI H4 GUMFTB FLQ;> statements of PUNJAB NATIONAL BANK (“the Bank”) as at
31st March, 2015, which comprise the Balance Sheet as at
ET SRZVJLWL4KZL)LPHLGV<LLST S'LLS3MBDBIMFL*SPL; ET
March 31, 2015, and Profit and Loss Account and the Cash
VEOIJ[PLHGPPKLS'LLFH3PJXL;ZT<LLBEVVIGSLTBELMLK PBW6 Flow Statement for the year then ended, and a summary
GPPTQVL3FE MXQVL MG&FGZS H4 " CV GP3SI GPPKGLLTB FTB HFLKT of significant accounting policies and other explanatory
^LKLZT<LLJKIG\LSLL<LLWLTBEI>LL<LLZT<LLJKI\LELTB^LKLWL8G.7 information. Incorporated in these financial statements are
EIYC;LL<LLWLTBEI WJS7ID4BGEBYXGV7S'LLW6 the returns of 20 branches audited by us and 2771 branches
audited by branch auditors (including 1 off shore banking unit
ELL;ZLTB
S'LL-'LLVIZT<LLJKI\LELTB ^LKLZT<LLJKIG\LSGPOTLI and 25 other offices) and 3 foreign branches audited by local
LL<LLWLTB EIGPPKGLLB LLGFZH4B"HFLKT ^LKLWL8G.7EIYC; WL4K auditors. The branches audited by us and those audited by
W6 ZT<LL JKI\LELTB ^LKL WL8G.7 EI YC; LL<LLWLTB EL QV D4BE other auditors have been selected by the Bank in accordance
^LKLZT<LLJKI\LLETGZ )LLKSIGKUP;D4BE^LKLULKIFLY;GVOT;LLTBET with the guidelines issued to the Bank by the Reserve Bank of
WVRMLKGELH4"SRZVJLFTBS'LLZL)LPHLGVGPPKLI<LLSTFTB India. Also incorporated in the Balance Sheet and the Profit
and Loss Account are the returns from 3795 branches and 160
LL<LLWLTB WL4K D4BE ET W6 ELL;Z EI GK7V; )LI MG&FGZS other offices of the Bank, which have not been subjected to
H4B GUVEL WL8G.7 VHIB HRWL H4" CV Y4K ZT<LL JKIG\LS LL<LLWLTB audit. These unaudited branches and offices account for 7.04
WL4KELL;ZLTB ET <LLSLTB ET WGY[FLTB FTB J[GSLS>UFLKLGLLTB FTB per cent of advances, 27.63 per cent of deposits, 7.43 per cent
J[GSLS>$LUWLFTBJ[GSLSS'LL$LU0FTB of interest income and 28.42 per cent of interest expenses.
J[GSLSWBLH4" Management’s Responsibility for the Standalone Financial
GPºLIGPPKGLLTBETGZ J[DBVELOLG3P Statements
2. Management of the Bank is responsible for the preparation of
D4BEELKI GPGVFV WGGVF WGGVF
EI LKL these financial statements in accordance with the provisions
ET J[LPLVLTB ET WVRMLK CV GP3SI GPPKLLTB ELT S4LK EKVT WL4K of Section 29 of the Banking Regulation Act, 1949 (“the
WGGVFSASIWVRMXQIET J2LF; EP<LET WVRJMXQVL Act”) and to disclose the information as may be necessary
J[E7 EKVT ET GZ D4BE J[DBV N3SKOLI H4 " T GP3SI GPPKL to conform to form ‘A’ and form ‘B’ respectively of the Third
MFMFJKCMMBDBFTB )LLGKD4BE^LKLULKIGOLLGVOT;LLTB WL4K Schedule to the Act, complying with the guidelines issued by
the Reserve Bank of India (“RBI”) in this matter from time to
)LLKSI MVOI ZT<LLELK MB-'LLV ^LKL ULKI ZLYX ZT<LL FLVELTB EI time and the applicable Accounting Standards (“AS”) issued
WVRJLZVL EKST H4B" CM N3SKOLG3P FTB WGGVF ET J[LPLVLTB ET by the Institute of Chartered Accountants of India (“ICAI”).
WVRMLKD4BEEIWLG-SLTBELTMRKG\LSK<LVTWL4KLT<LL.IWL4KW6 This responsibility also includes maintenance of adequate
WGVGFSSLWLTBELJSLZYLVTWL4KNVMTDQVTETGZ NJR;%SZT<LL accounting records in accordance with the provisions of the
VIGSLTB ELQVWL4KZLYX EKVLGVL;EKVLWL4KWVRFLVZYLVL Act, for safeguarding the assets of the Bank and for preventing
and detecting frauds and other irregularities; selection and
GETSLGE;EWL4KGPPTEJXL;H4BWL4KCVGP3SIGPPKGLLTB>ULTM3 application of appropriate accounting policies; making
WL4KGVJ\LG-'LGSOLL;SIH4B WL4KYZSGPPKLLTB MT FR%SH4B>QLHT PT judgments and estimates that are reasonable and prudent;
LT<LL.I L LRG7 ET ELKL HLTB> ELT S4LK WL4K J[-SRS EKVT MT and design, implementation and maintenance of adequate
MBDBGSZT<LLWG)LZT<LLTB EIM7IESLWL4KJXL;SLELT MRGVG1LSEKVT internal financial controls, that were operating effectively for
ET GZ GEPT J[)LLPIJMT JGKQLGZS'LIB JL;*SWLBSGKEGP3SI ensuring the accuracy and completeness of the accounting
records, relevant to the preparation and presentation of these
GVBLLLTELG.ULCV>K<LK<LLPWL4KZLYXEKVTETGZ ZT<LLWG)LZT<LLTB financial statements that give a true and fair view and are free
ELJL;*SK<LK<LLP)LILLGFZH4" from material misstatement, whether due to fraud or error.
ZT<LLJKI\LELTBELOLG3P Auditor’s Responsibility

HFLKL OLG3P CV GPPKL JLLTB JK HFLKT ^LKL EI YC; ZT<LL JKI\LL 3. Our responsibility is to express an opinion on these financial
ET WLLK JK FS J[E7 EKVT SE H4" HFVT C6-7I7X7 WL8J2QL7;. statements based on our audit. We conducted our audit in
accordance with the Standards on Auditing (“SA”) issued
ELNB7T67_M WL8J2 CBG.L ^LKL ULKI ZT<LL JKI\LL JK ULKI FLVELTB ET by the ICAI. Those standards require that we comply with
WVRMLK ZT<LLJKI\LL EI H4" T FLVE WJT\LL EKST H4B GE HF V4GSE ethical requirements and plan and perform the audit to obtain
WLPESLWLTBELWVRJLZVEKTBWL4KHFZT<LLJKI\LLEIWLLTUVLS'LL reasonable assurance about whether the financial statements
NMELGVJLOVCMJ[ELKEKTBGEHFTBGP3SIGPPKLJLLTBETMBDBFTB are free from material misstatement.
TMLMFRGQSWLPLMVGFZUL GENVFTBELTC;LRG7VHIBH4"
289
E ZT<LL JKI\LL FTB EL;GVJLOV J[G¹LTB MBZ9V H4B GUVMT GP3SI 4. An audit involves performing procedure to obtain audit
GPPKGLLTB FTB NG:ZG<LSKLGLLTB WL4KJ[E7IEKLET DLKT FTB ML\J[L*S evidence about the amounts and the disclosures in the
financial statements. The procedures selected depend on the
GETULVTH4"B QGVSMLBGPGEZT<LLJKI\LEETJ24MZTJKWLLGKSHLTSI auditor’s judgment, including the assessment of the risks of
H4GUVFTB GP3SIGPPKGLLTB ETYZSE'LV>QLHTPTLT<LL.IETELKL material misstatement of the financial statements, whether due
H4 LLRG7ET ULTG<LFLTB ELGVL;KLMG&FGZSH4"NVULTG<LFGVL;KLLTB to fraud or error. In making those risk assessments, the auditor
ELTDVLVTETGZ NJR%; SJGKG-'LGSLTB ETWVRMLKZT<LLJKI\LLMBGPGLTB considers internal financial control relevant to the Bank’s
ELG.ULVEKVTETGZ ZT<LLJKI\LEGPºLIGPPKGLLTB ULTM3WL4K preparation of the financial statements that give a true and fair
view in order to design audit procedures that are appropriate
GVJ\LG-'LGSOLL;SBT H4>B EINGQSJ[-SRSIEKLS'LLD4E B EIS4LKIMT in the circumstances, but not for the purpose of expressing an
MBDWL6SGKEGVBLLJKGPQLKEKSLH4>VGECMJ[LTUVMB-'LLV opinion on whether the Bank has in place an adequate internal
ETWLBSGKEGVBLLEIJ[)LLPLIZSLJKKLOTVLH4>QLHTD4E B ELGPºLI financial controls system over financial reporting and the
GKJLTG; 7BYWL4K TMT GVBLLLTB ETJ[)LLPIMBQLZVJKJL;*SWLBSGKEGVBLL operating effectiveness of such controls. An audit also includes
HLT"ZT<LLJKI\LLFTB J[%R SZT<LLVIGSLTB EINJR%SSLELFX:LBEVJ[D B V evaluating the appropriateness of the accounting policies used
and the reasonableness of the accounting estimates made by
^LKLGETYTZT<LLWVRFLVLTB EISLGE;ESL>ML'LHIGP3SIGPPKGLLTB the Management of the Bank, as well as evaluating the overall
ELMEZJ[-SRSIEKLELFX:LBEV)LIMG&FGZSH4" presentation of the financial statements.
HFTB GPPLMH4 GECVGP3SIGPPKLLTB JKZT<LLJKI\LLML\>ULT 5. We believe that the audit evidence we have obtained is
HFTBJ[L*SHR H4B>HFLKTWG)LFSELTWLLKJ[OLVEKVTETGZJL;*S sufficient and appropriate to provide a basis for expressing our
audit opinion on these financial statements.
WL4KNJR%SH4"
WG)LFS Opinion
HFLKIM&FGSFTB>D4BEEIZT<LLDGHLTBFTB'LLJ[OG;LSS'LLMPLT;3SF 6. In our opinion, as shown by the books of the Bank, and to
the best of our information and according to the explanations
ULVELKIWL4KHFTBGOTYT-J7IEKLETWVRMLK given to us:
i. SRZVJLWL4KNMETML'LJG#SG7*JGLLB EJXL;S'LLNGQS i. the Balance Sheet, read with the notes thereon is a full and
SRZVJLH4GUMFTBM)LIWLPEGPPKLGOTYTH4BWL4KH fair Balance Sheet containing all the necessary particulars,
)LLKSFTB MLFL6S-PIEASZT<LLEBVGML6SLTB ET WVRJCM is properly drawn up so as to exhibit a true and fair view
SKHMTS4LKGELYLH4GECMFTBD4BEELLTEIFLQ;> of state of affairs of the Bank as at 31st March 2015 in
conformity with accounting principles generally accepted
EIMHIWL4KNGQSG-'LGSJ[OG;LSHLTSIH4 in India;
ii. ZL)LPHLGV<LLSLS'LLNMET ML'LJG#SG7*JGLLB>)LLKSFTB ii. the Profit and Loss Account, read with the notes thereon
MLFL6SL-PIEASZT<LLEBVGML6SLTB ET WVRJPL; ET ZL)L shows a true balance of profit, in conformity with
ELMHILTLOLL;SLH4WL4K accounting principles generally accepted in India, for the
year covered by the account; and
iii. VEOIJ[PLHGPPKLJLNMGSG'LELTMFL*SPL;HTSRMHIWL4K
iii. the Cash Flow Statement gives a true and fair view of the
NGQSVEOJ[PLHOLL;SLH4" cash flows for the year ended on that date.
W6GPG PBGPGVLFEWJT\LLWLTBJKGKJLT7; Report on Other Legal and Regulatory Requirements
SRZVJLWL4KZL)LPHLGV<LLSLD4BEELKIGPGVFVWGGVF> 7. The Balance Sheet and the Profit and Loss Account have been
drawn up in Forms “A” and “B” respectively of the Third
EISIMKIWVRMXQIET¹FLJ2LF;? ?WL4K?DI?MTGZTYTH4B" Schedule to the Act,
NJR;%SWVR1/TOMTFTBMXGQSZT<LLJKI\LLEIMIFLWLTBETWÉÉLIV 8. Subject to the limitations of the audit indicated in paragraphs
S'LL D4BEELKI EBJGVLB NJ¹FLTB EL WU;V PB WBSKL
WGGVF 1 to 5 above and as required by the Banking Companies
>^LKL'LLJTG\LSS'LLNVFTBWJTG\LSJ[E7IEKLLTBEIMIFLWLTBET (Acquisition and Transfer of Undertakings) Act, 1970, and
subject also to the limitations of disclosure required therein,
WÉLIVHFJ[GSPTGOSEKSTH4BGE we report that:
E HFLKIMPLT;3SFULVELKIWL4KGPPLMET WVRMLKZT<LLJKI\LL a. We have sought and obtained all the information and
ETGZ ULT)LIMXQVLP-J7IEKLWLPE'LT>PTHFTBJ[L*S explanations which to the best of our knowledge and
HLTY H4BWL4KHFVTN6HTBMBSLTLUVEJLLH4" belief were necessary for the purposes of our audit and
found them to be satisfactory.
<L HFLKTFSFT>B D4E
B ^LKLGPGETWVRJWJTG\LS<LLSTELDHIGKEL.; b. In our opinion, proper books of account as required by law
K<LLYLH4U4MLGENVDGHLTB EIULBQMTJSLQZSLH4" have been kept by the Bank so far as it appears from our
examination of those books;
Y CMGKJLT7;^LKLOLL;IYISRZVJL>ZL)LPHLGV<LLSLWL4K c. The Balance Sheet, the Profit and Loss Account and the
VEOIJ[PLHGPPKLDHI<LLSLWL4KGPPKGLLTBETML'LWVRDB Cash Flow Statement dealt with by this Report are in
FTBH4 agreement with the books of account and returns;
290
okf"kZd fjiksVZ
L D 4BE ET ULT ZTVOTV HFLKI ULVELKI FTB WLT H4B> PT D4BE EI d. The transactions of the Bank, which have come to our
LG%SLTBETWBSY;SH4B" notice, have been within the powers of the Bank.
. D4BEETELL;ZLTBWL4KLL<LLWLTBMTJ[L*SGPPKGLLB>NVEGSJ e. The returns received from the offices and branches of the
FLFZLTBUHLBGPPKGLLBJ[DBVETGPPLMETWLLKJKJ[FLGLS Bank have been found adequate for the purposes of our
EIYIH4B>ELT/LT.EKHFLKIZT<LLJKI\LLETNO_OTMTJL;*S audit except in certain cases where the returns as certified
by the management have been relied upon.
JLIYIH4B"
f. In our opinion, the aforesaid standalone financial statements
Q HFLKT FSFTB N%S EZGP3SIGPPKGLLB ZLYX ZT<LLFLVELTB
comply with the applicable Accounting Standards.
ETWVRMLKH4B"
EASTET VYR7YRG7L EASTMIPIET B. EASTKFTLEJXK For and on behalf of For and on behalf of For and on behalf of
B.E&JVI MLTGM 7_M B.E&JVI K. N. Gutgutia & Co. CVK & Associates Ramesh Kapoor& Co.
MVOIZT<LLELK MVOIZT<LLELK MVOIZT<LLELK Chartered Chartered Chartered
J2WLK VC J2WLK V.$:X J2WLK V V Accountants Accountants Accountants
FRN 304153E FRN 101745W FRN 001477N
DIWLKYLTZMLTOLK ETJ[LVMLTOLK KFTLEJXKMLTOLK B R Goyal A K Pradhan Ramesh Kapoor

MO-MB MO-MB MO-MB Partner Partner Partner
M No. 012172 M No. 032156 M No. 080725
EAST /LUTO B.OLTLI EAST WLKOTP6T O[ERFLK EAST HTFMBOIJ B.E&JVI For and on behalf of For and on behalf of For and on behalf of
MVOIZT<LLELK B. MLTGM 7_M MVOIZT<LLELK Chhajed & Doshi R. Devendra Kumar Hem Sandeep & Co.
J2WLK V.$:X MVOIZT<LLELK J2WLK V V Chartered & Associates Chartered
J2WLK V.$:X Accountants Chartered Accountants
FRN 101794W Accountants FRN 009907N
FRN 114207W
FJI/LUTOMLTOLK VIKUYLTZLMMLTOLK FVILYR*SLMLTOLK M P Chhajed Neeraj Golas Manish Gupta

MO-MB> MO-MB> MO-MB Partner Partner Partner
M No. 049357 M No. 074392 M No. 092257
GOVLBE May 08, 2015

291
MFTGESGPºLIGPPKL
Consolidated Financial
Statements
*LBUL$LV4LVZ$L4BEEL&LLQ;EIG-'LG3LETWVRMLKM&LTGE3L3LRZV*LL
CONSOLIDATED BALANCE SHEET OF PUNJAB NATIONAL BANK AS ON 31st MARCH 2015
ÈKLT.FTB
(` in crore)
EL ELT
As on 31.03.15 As on 31.03.14
*LXUIWL4KOT¶L3LL B WVRMXQI
CAPITAL & LIABILITIES Schedule
*LXUI 1 370.91 362.07

Capital
ÈLKG\L3L GVGÉL¶LL WL4K WGÉLLTL 2 41668.53 37731.15
Reserves & Surplus
W:*LLBL GH3L 2A 548.95 423.11
Minority Interest
U&LLKLGL¶LL 3 515245.43 461203.53
Deposits
NÉLLK 4 59204.76 59033.31
Borrowings
W6¶L OT¶L3LL B WL4K ÈLPÉLLV 5 18972.59 16067.31
Other Liabilities and Provisions
ULT.
636011.17 574820.48
TOTAL
WLG-3L¶LL
ASSETS
VEOI WL4K )LLK3LI¶L GKuLP; $L4BE ET *LLM U&LLLTL 6 24435.78 22406.14
$L4BELTB ET *LLM U&LL LTL WL4K &LLY 3L'LL W:*L MXQVL *LK ÈL*¶L ÉLV 7 33823.44 24459.85
Balances with Banks & Money at call & short notice
GVPTL 8 156761.66 149224.70
Investments
L WL4K WGY[&L 9 404614.06 366073.21
Loans & Advances
WQZ WLG-3L¶LL 10 3655.77 3490.44
Fixed Assets
W6¶L WLG-3L¶LL 11 12720.46 9166.14
Other Assets
ULT.
TOTAL 636011.17 574820.48
WLEG-&LE OT¶L3LL B 12 282956.16 221673.88

Contingent Liabilities
NYLHI G$LZ 19640.62 20325.97
Bills for Collection
294
okf"kZd fjiksVZ

YL4KILBEK
GAURI SHANKAR

GVOTLEGVOTLEGVOTLE
GVOTLE GVOTLE
DIRECTOR DIRECTOR

$LIWLKYLT¶LZMLTOLK
ETÈÉLLVMLTOLK
K&LTLE*LXKMLTOLK


&L*LI/LUTOMLTOLK
VIKUYLTZLMMLTOLK
&LVILYR*3LLMLTOLK

GOVLBE!!
Date : 08/05/2015
-'LLVVC;GO:ZI
Place : New Delhi
295
*LBUL$LV4LVZ$L4BEEL&LLQ;>ELTM&LL*3LPL;ELM&LTGE3LZL)LPHLGVZT<LL
CONSOLIDATED PROFIT AND LOSS ACCOUNT OF PUNJAB NATIONAL BANK FOR THE
YEAR ENDED MARCH 31, 2015
` EKLT.&LTB
(` in Crore)
WVRMXQI ELT ELT
Schedule M&LL*3LPL; M&LL*3LPL;
31.03.2015 31.03.2014
I WL¶L
I. INCOME
13 48709.82 44958.09
WU3L $¶LLU
Interest earned
14 6174.60 4710.34
W6¶L WL¶L
Other Income
ULT. 54884.42 49668.43

TOTAL
II 0¶L¶L
II. EXPENDITURE
<LQ;GE¶LLY¶LL$¶LLU 15 31343.05 28220.27
Interest expended
16 10808.99 9581.49
*LGKQLZV <LQ;
Operating expenses
9390.96 8332.06
ÈLPÉLLV WL4K WLEG-&LE3LL
Provisions and Contingencies
ULT. 51543.00 46133.82

TOTAL
W:*LLBL GH3L MT *LXP; &LXZ P MHL¶LE MB-'LLWLTB EL PL; ET GZ M&LTGE3L LR ZL)L
3341.41 3534.61
Consolidated Net Profit for the year of the parent & subsidiaries
before Minority Interest
125.84 56.83
L7L B W:*LLBL GH3L
Less : Minority Interest
3215.57 3477.78
W:*LLBL GH3L ET *L1LL3L_ &LXZ P MHL¶LE MB-'LLWLTB EL PL; ET GZ M&LTGE3L LR ZL)L
Consolidated Net Profit for the year of the parent & subsidiaries after
Minority Interest
184.02 139.29
MHL¶LE MB-'LLWLTB &LTB WU;V EL WBL LR
17
Share of earnings in Associates (net)
3399.59 3617.07
PL; ET GZ M&LXH EL M&LTGE3L LR ZL)L
Consolidated Net Profit for the year attributable to the group
647.70 542.67
ULT.TB M&LXH EL WLYT ZL¶LL Y¶LL M&LTGE3L ZL)L
Add : Brought forward consolidated profit attributable to the group
ULT.TB:J[LKG\LSJXUIMTWBSGKS 0.00 0.00
Add : Transferred from Capital Reserve
GPGV¶LLTUVETGZ N*LZ$ÉLZL)L 4047.29 4159.74

Profit available for Appropriation
GPGV¶LLTUV
APPROPRIATIONS
296
okf"kZd fjiksVZ
*LBUL$LV4LVZ$L4BEEL&LLQ;>ELTM&LL*3LPL;ELM&LTGE3LZL)LPHLGVZT<LL
CONSOLIDATED PROFIT AND LOSS ACCOUNT OF PUNJAB NATIONAL BANK FOR THE
YEAR ENDED MARCH 31, 2015
` EKLT.&LTB
(` in Crore)
WVRMXQI ELT ELT
Schedule M&LL*3LPL; M&LL*3LPL;
31.03.2015 31.03.2014
ÈLKG\LSGVGÉL¶LLTBELTWB3LKL LR

Transfer to Reserves (Net) :
MLBGPGÉLEÈLKG\L3LGVGÉL 798.44 871.66
Statutory Reserve
*LXUIÈLKG\L3LGVGÉLW6¶L 96.12 58.42
Capital Reserve - Others
GVPTL L7$LÈLKG\L3LGVGÉL 282.77 0.00
Investment Fluctuation Reserve
W6¶LÈLKG\L3LGVGÉL 940.96 1878.56
Other Reserve
GPLTLÈLKG\L3LGVGÉL 306.24 240.36
Special Reserve
ZL)LLBLEKMGH3LZL)LLBL
Dividend Including Dividend Tax
ETGZ È-3LLGP3LZL)LLBL 805.16 42.05
Proposed Dividend for 2014-15
WB3LGK&LZL)LLBL 0.00 420.73
Interim Dividend
GVYGFSMLFLGUENºLKOLG3P 4.04 0.00
Corporate Social Responsibility
ZL)LLBLJKEKHTSRJ[LPÉLLVMTWBSGKSLTL -2.98
Balance transfer from provision for tax on Dividend
M&LTGE3L3LRZV*LL&LTBZTUL¶LLY¶LLU&LLLTL 816.54 647.96
Balance carried over to consolidated Balance Sheet
4047.29 4159.74
ÈG3LLT¶LKWU;V *L¶LLTB&LTB
Y4KPLLEI²3L 18.78 20.32
Earnings per Share (In `) Non-Annualised
ZT<LLVIG3L¶LLB3L'LLZT<LLG7**LGL¶LLB 18
Accounting Policy & Notes on Accounts

YL4KILBEK
GAURI SHANKAR
297
GVOTLEGVOTLEGVOTLE
GVOTLE GVOTLE
DIRECTOR DIRECTOR

$LIWLKYLT¶LZMLTOLK
ETÈÉLLVMLTOLK
K&LTLE*LXKMLTOLK


&L*LI/LUTOMLTOLK
VIKUYLTZLMMLTOLK
&LVILYR*3LLMLTOLK

GOVLBE!!
Date : 08/05/2015
-'LLVVC;GO:ZI
Place : New Delhi
298
okf"kZd fjiksVZ
WVRMXQI*LXUI
SCHEDULE 1 - CAPITAL
ÈKLT.&LTB
/(` in Crore)
ELT ELT
As on 31.03.2015 As on 31.03.2014
ÈLGÉL²3L*LXUI 3000.00 3000.00

Authorised Capital
È3¶LTEÈT>>>>CG%P7ILT¶LK
(1500,00,00,000 Equity shares of ` 2 each)
ULKI3L'LLWG)LOºL
Issued & Subscribed
>>>> G*L/ZTPL;È3¶LTE`!ET>>>>CG%P7ILT¶LK

1,85,45,56,947 (Previous year 1,81,03,49,630 Equity Shares of
` 2 each) 370.91 362.07
ÈOºL
Paid up
>>>> G*L/ZT PL; È3¶LTE `!ET >>>>
CG%P7ILT¶LK
370.91 362.07
CV&LTB ! ` ÈG3L CG%P7I LT¶LK ET ETBÇI¶L MKELK ^LKL ÉLLGK3L >>>>
CG%P7ILT¶LKLLG&LZH4B
(1,85,45,56,947 (Previous year 1,81,03,49,630 Equity Shares of

` 2 each) (Includes equity shares of 1,11,00,47,912 ` 2 each held
by Central Government)
ULT.
370.91 362.07
TOTAL
WVRMXQIÈLKG\L3LGVGÉL¶LLBWL4KWGÉLLTL
SCHEDULE 2 - RESERVES & SURPLUS
ÈKLT.&LTB
/(` in Crore)
ELT ELT
As on 31.03.2015 As on 31.03.2014
I.MLBGPGÉLEÈLKG\L3LGVGÉL
I. Statutory Reserve
ÈLKG&)LELTL 9114.49 8242.83

Opening Balance
PL;ETOL4KLVPAG 798.44 871.66
ULT.TB! L7L B
PL;ETOL4KLVM&LL¶LLTUV 0.00 0.00
Add/(Less) : Adjustment during the year
9912.93 9114.49
II.*LXUIY3LÈLKG\L3LGVGÉL
II. Capital Reserve
E
*LRV&LX;:¶LLBEVÈLKG\L3LGVGÉL
a). Revaluation Reserve
ÈLKG&)LELTL 1413.00 1434.60
Opening Balance
PL;ETOL4KLVE7L43LI 21.04 21.60
ULT.TB! L7L B
MB*LGºLET*LRV&LX;:¶LV)LLY*LK&LX:¶LÀLMETELKL
(being Depreciation on revalued portion of Property)

1392.07 1413.00
299
ÈKLT.&LTB
/(` in Crore)
ELT ELT
As on 31.03.2015 As on 31.03.2014
EW6¶L
b. Others
ÈLKG&)LELTL 1234.84 1176.42
Opening Balance
1330.97 1234.84
IIWM&LTEV*LK*LXUIÈLKG\L3LGVGÉL LR
66.53 66.53
IIA. Capital Reserve on consolidation (Net)
III.KLU-P3L'LLW6¶LÈLKG\L3LGVGÉL
III. Revenue and Other Reserve
EGVPTL L7$LÈLKG\L3LGVGÉL

a. Investment Fluctuation Reserve
ÈLKG&)LELTL 170.11 170.11
Opening Balance
L7L BZL)LPHLGV<LL3LTELTWB3LGK3L 0.00 0.00
Less: Trf to P & L Account
452.88 170.11
<LW6¶LÈLKG\L3LGVGÉL
b. Other Reserve
ÈLKG&)LELTL 17378.86 15728.82
Opening Balance
L7L BGPLTLÈLKG\L3LGVGÉLELTWB3LGK3L 0.00 0.00
Less: Transferred to Special Reserve
L7L BG*L/ZTPLLTMTM&$LM&LL¶LLTUV 0.00 228.36
Less: Adjustment related to Prior years
L7L BMB¹&LLOT¶L3LL M
0.00 0.00
Less: Transistory Liability (AS-15)
L7L BWB3LWP<LL3LLTBETGZ )LRY3LLV 0.00 0.00
Less: Payment for Interblocked accounts
ULT.TB! L7L B
PL;ETOL4KLVM&LL¶LLTUV -41.78 0.00
18306.85 17378.86
YGPGV&L¶L L7$LÈLKG\L3LGVGÉL

c. Exchange Fluctuation Reserve
ÈLKG&)LELTL 232.46 155.74
Opening Balance
ULT.TBPL;ETOL4KLVPAG LR
8.09 76.72
Add: Addition during the year (Net)
ULT.TB! L7L B
292.76 232.46
IV.LT¶LKÈIG&L¶L&L
IV. Share Premium
ÈLKG&)LELTL 6411.51 5776.81
Opening Balance
ULT.TB! L7L B
PL;ETOL4KLVM&LL¶LLTUV -1.01 0.00
7729.51 6411.51
300
okf"kZd fjiksVZ
ÈKLT.&LTB
/(` in Crore)
ELT ELT
As on 31.03.2015 As on 31.03.2014
V.GPLTLÈLKG\L3LGVGÉL
V. Special Reserve
ÈLKG&)LELTL 1061.39 821.03
Opening Balance
W6¶LÈLKG\L3LGVGÉL¶LLTBMTWB3LGK3L 275.00 0.00
Transfer from other reserve
ULT.TB! L7L B
1367.49 1061.39
VI.GPOTLI&LRÇLWB3LKLÈLKG\L3LGVGÉL
VI. Foreign Currency Translation Reserve
ÈLKG&)LELTL 0.00 0.00
Opening Balance
PL;ETOL4KLVE7L43LI 0.00 0.00
0.00 0.00
VIIZL)LPHLGV<LL3LT&LTBLTL 816.54 647.96

VII. Balance in Profit & Loss Account
I, II, III, IV, V, VI, VIIELULT. 41668.53 37731.15
Total I,II,,III,IV,V,VI, VII
WVRMXQIWW:*LLBLGH3L
SCHEDULE 2A - MINORITY INTEREST
ÈKLT.&LTB
/(` in Crore)
ELT ELT
As on 31.03.2015 As on 31.03.2014
NM 3LLKI<L ELT W:*LLBL GH3L U$L &LXZ 3L'LL MHL¶LE MB-'LL EL MB$LBÉL WG-3L3P &LTB
WL¶LL 149.25 149.25
Minority Interest at the date on which the parent subsidiary
relationship came into existence
*LKP3LI;PAG 399.70 273.86

Subsequent increase
3LRZV*LLEI3LLKI<LELTW:*LLBLGH3L 548.95 423.11

Minority Interest at the date of balance sheet
WVRMXQIU&LLKLGL¶LLB
SCHEDULE 3 - DEPOSITS
ÈKLT.&LTB
/(` in Crore)
ELT ELT
As on 31.03.2015 As on 31.03.2014
WI&LLYU&LLKLGL¶LL8B
A. I DEMAND DEPOSITS
(i)$L4BELTBMT 3194.94 2836.05
(i) From Banks
(ii)W6¶LMT 31349.04 29536.95
(ii) From Others
34543.98 32373.00
301
ÈKLT.&LTB
/(` in Crore)
ELT ELT
As on 31.03.2015 As on 31.03.2014
II$LQ3L$L4BEU&LLKLGL¶LLB 151081.77 141875.64

II SAVINGS BANK DEPOSITS
III.MLPGÉLU&LLKLGL¶LLB
III TERM DEPOSITS
(i)$L4BELTBMT 42958.19 15765.98

(i) From Banks
(ii)W6¶LMT 286661.49 271188.91
(ii) From Others
329619.68 286954.89
I>II>IIIELULT.T 515245.43 461203.53

TOTAL of I, II, III
WL(i))LLK3L&LTBLL<LLWLTBEIU&LLKLGL¶LL8B 457362.18 419615.46

B. (i) Deposits of branches In India
(ii))LLK3LMT$LLHKLL<LLWLTBEIU&LLKLGL¶LL8 57883.25 41588.07
(ii) Deposits of branches outside India
i, iiELULT. 515245.43 461203.53

TOTAL of i, ii
WVRMXQINÉLLK
SCHEDULE 4 - BORROWINGS
ÈKLT.&LTB
/(` in Crore)
ELT ELT
As on 31.03.2015 As on 31.03.2014
I.)LLK3L&LTBNÉLLK
I. Borrowings in India
(i))LLK3LI¶LGKuLP;$L4BE 1271.00 15279.51

(i) Reserve Bank of India
(ii)W6¶L$L4BELTBMT 8960.33 4708.79
(ii) Other Banks
(iii)W6¶LMB-'LLWLTBWL4K UTBGM¶LLTB 4891.53 2932.66
(iii) Other Institutions and Agencies
(iv)$LL8. 7I¶LKI>7I¶LKII>YL4LLLTBMGH3L
19712.69 15121.78
(iv) Bonds (including Tier-I, Tier-II, Subordinated Debts
(v)OI LL;PGÉLC6»L-7cK$LLB. 2800.00 0.00
(v) Long Term Infrastructure Bonds
II.)LLK3LMT$LLHKNÉLLK 21569.21 20990.57
II. Borrowings Outside India
I>IIELULT. 59204.76 59033.31

TOTAL of I, II
N*L¶LR;%SI PBII&LTBLLG&LZÈG3L)LX3LNÉLLK 9754.15 9658.00

Secured Borrowings included in I & II above
WVRMXQIW6¶LOT¶L3LL BWL4KÈLPÉLLV
SCHEDULE 5 - OTHER LIABILITIES AND PROVISIONS
ÈKLT.&LTB
/(` in Crore)
ELT ELT
As on 31.03.2015 As on 31.03.2014
I.OT¶LG$LZ 2398.83 2512.86

I. Bills payable
302
okf"kZd fjiksVZ
ÈKLT.&LTB
/(` in Crore)
ELT ELT
As on 31.03.2015 As on 31.03.2014
II.WB3LEL¶LL;Z¶LM&LL¶LLTUV LR
17.23 27.26
II. Inter-office adjustments (net)
III.N*LGQ3L$¶LLU 1556.19 1507.06

III. Interest accrued
IV.W6¶L ÈLPÉLLVLTBMGH3L
15000.34 12020.13
IV. Others (including Provisions)
I, II, III, IVELULT. 18972.59 16067.31

TOTAL OF I, II, III, IV
WVRMXQIVEOIWL4K)LLK3LI¶LGKuLP;$L4BEET*LLMU&LLLTL
SCHEDULE 6 - CASH AND BALANCES WITH RESERVE
BANK OF INDIA
ÈKLT.&LTB
/(` in Crore)
ELT ELT
As on 31.03.2015 As on 31.03.2014
I.HL'L&LTBVEOI GPOTLI&LRÇLVLT7LTBMGH3L
2290.82 2144.89
I. Cash in hand ( including Foreign
Currency Notes)
II.)LLK3LI¶LGKuLP;$L4BEET*LLM
II. Balance with Reserve Bank of India
(i) QLZX<LL3LT&LTBU&LLLTL 22144.96 20233.58
(i) in Current account
(ii) W6¶L<LL3LLTB&LTB 0.00 27.67
(ii) in Other Accounts
22144.96 20261.25
I, IIELULT. 24435.78 22406.14

TOTAL Of I, II
WVRMXQI$L4BELTBET*LLMU&LLLTL3L'LL&LL8BYWL4KW:*LMXQVL
*LKÈL*¶LÉLV
SCHEDULE 7- BALANCES WITH BANKS & MONEY AT
CALL & SHORT NOTICE
ÈKLT.&LTB
/(` in Crore)
ELT ELT
As on 31.03.2015 As on 31.03.2014
I.)LLK3L&LTB
I. In India
(i)$L4BELTBET*LLMU&LLLTL
(i) Balance with Banks:
E
QLZX<LL3LLTB&LTB 936.56 759.99
(a) In Current accounts
<L
W6¶LU&LL<LL3LLTB&LTB 7098.88 4788.43
(b) In Other Deposit accounts
8035.44 5548.42
(ii)&LLYWL4KW:*LMXQVL*LKÈL*¶LÉLV
(ii) Money at Call and Short Notice:
E
$L4BELTBET*LLM 0.00 6.99
(a) with Banks
<L
W6¶LMB-'LLWLTBET*LLM 0.00 -0.02
(b) with Other Institutions
303
ÈKLT.&LTB
/(` in Crore)
ELT ELT
As on 31.03.2015 As on 31.03.2014
0.00 6.97
ULT. iWL4Kii
8035.44 5555.39
TOTAL ( i & ii )
II.)LLK3LMT$LLHK
II. Outside India
(i)QLZX<LL3LLTB&LTB 2417.49 1995.52

(i) In Current accounts
(ii)W6¶LU&LL<LL3LLTB&LTB 23286.06 16569.31
(ii) In Other Deposit accounts
(iii)&LLYWL4KW:*LMXQVL*LKÈL*¶LÉLV 84.45 339.63
(iii) Money at Call & Short Notice
ULT.
25788.00 18904.46
TOTAL
M&LY[ULT. IWL4KII
33823.44 24459.85
GRAND TOTAL ( I & II )
WVRMXQIGVPTL
SCHEDULE 8 - INVESTMENTS
ÈKLT.&LTB
/(` in Crore)
ELT ELT
As on 31.03.2015 As on 31.03.2014
I. )LLK3L&LTBGV&VGZG<L3L&LTBGVPTL
I. Investments in India in
(i)MKELKIÈG3L)LXG3L¶LL8B 127578.85 115480.00

(ii)W6¶LWVR&LLTGO3LÈG3L)LXG3L¶LL8B 187.84 300.21

(ii) Other approved securities
(iii)LT¶LK 3604.36 2755.26

(iii) Shares
(iv)L*LLWL4K$LL8. 16539.81 19324.43

(iv) Debentures and Bonds
(v)MHL¶LEMB-'LLWLTB&LTBGVPTL CG%P7I*LG3L*LK
1271.20 782.86
(v) Investment in Associates (on equity method)
(vi)W6¶L 5692.48 8704.82

(vi) Others
¶LX7IWLC;WL4KNMET¶LXGV7&LTBÈLKG&)LE*LXUI
(Initial Capital in UTI and its units- 64 :

GPG)L£&¶LXQRWZ¾2B.PPLGLG5¶LE*LLWLGO&LTB
(Various Mutual Funds & Commercial Paper etc.)
IELULT. 154874.54 147347.58

TOTAL of I
II. )LLK3LMT$LLHKGVPTL
II. Investments outside India
(i)MKELKIÈG3L)LXG3L¶LLB 601.38 782.68

(ii)MHL¶LEMB-'LLWLTB&LTBGVPTL CG%P7I*LG3L*LK
470.23 449.00
(ii) Investment in Associates (on equity method)
304
okf"kZd fjiksVZ
ÈKLT.&LTB
/(` in Crore)
ELT ELT
As on 31.03.2015 As on 31.03.2014
(iii)W6¶LGVPTL 815.51 645.44
(iii) Other investments
IIELULT. 1887.12 1877.12

TOTAL of II
III.)LLK3L&LTBGVPTL
III. Investments in India
i)GVPTLLTBELMEZ&LX:¶L 155487.80 148547.43

i) Gross value of Investments
ii) L7L B&LX:¶LÀLMETGZ ÈLPÉLLVLTBELULT. 611.81 1199.85
ii) Less: Aggregate of Provisions for Depreciation
iii)LRGVPTL 154875.99 147347.58
iii) Net Investment
IV. )LLK3LMT$LLHKGVPTL
IV. Investments outside India
I)GVPTLLTBELMEZ&LX:¶L 1885.67 1877.13
I) Gross value of Investments
ii) L7L B&LX:¶LÀLMETGZ ÈLPÉLLVLTBELULT. 0.00 0.01
ii) Less: Aggregate of Provisions for Depreciation
iii)LRGVPTL 1885.67 1877.12
iii) Net Investments
(I), (II)ELERZULT. 156761.66 149224.70

GRAND TOTAL of (I), (II)
WVRMXQIWGY[&L
SCHEDULE 9 - ADVANCES
ÈKLT.&LTB
/(` in Crore)
ELT ELT
As on 31.03.2015 As on 31.03.2014
Wi)<LKIOTWL4K)LRVL¶LTY¶LTG$LZ 29615.86 22325.83
A. i) Bills Purchased and discounted
ii)VEONÉLLK>WLTPK.L¾7WL4K&LLY*LKOT¶LL 198141.37 179713.88

ii) Cash Credits, overdrafts and loans repayable on demand
iii)&LI¶LLOIL 176856.83 164033.50

iii) Term Loans
ULT.
404614.06 366073.21
Total
WLi)&LX3L;WLG-3L¶LLTB^LKLÈG3L)LX3L 359350.06 323618.14

B. i) Secured by Tangible Assets
CM&LTB$LHILLTB*LKGO Y¶LTWGY[&LLLG&LZH4B

(including advances against book debts)
ii)$L4BE!MKELKEIYLBK7I^LKLÈG3L)LX3L 22453.11 20381.00

ii) Covered by Bank/Govt.Guarantees
iii)WÈG3L)LX3L 22810.89 22074.07

iii) Unsecured
ULT.
404614.06 366073.21
Total
305
ÈKLT.&LTB
/(` in Crore)
ELT ELT
As on 31.03.2015 As on 31.03.2014
Y(I))LLK3L&LTBWGY[&L
C. (I) Advances in India
i)ÈL'LG&LE3LL\LTL 142418.19 120544.79

i) Priority Sector
ii)MLP;UGVE\LTL 19342.83 24871.71

ii) Public Sector
iii)$L4BE 2068.98 1683.52

iii) Banks
iv)W6¶L 181910.48 172387.15

iv) Others
ULT.
345740.48 319487.17
Total
Y(II).)LLK3LMT$LLHKWGY[&L
C. (II). Advances outside India
i)$L4BELTBMTÈL*¶L 39770.75 29473.88

i) Due from banks
ii)W6¶LMTÈL*¶L
ii) Due from others
E
<LKIOTWL4K)LRVL¶LTY¶LTG$LZ 445.61 413.39
(a) Bills purchased & discounted
<L
&LI¶LLOIL 5289.23 4832.33
(b) Term Loans
Y
W6¶L 13367.99 11866.44
(c) Others
ULT.
58873.58 46586.04
Total
Y(I)PY(II)ELERZULT. 404614.06 366073.21

GRAND TOTAL of C (I) & C (II)
WVRMXQIWQZWLG-3L¶LL8B
SCHEDULE 10 - FIXED ASSETS
ÈKLT.&LTB
/(` in Crore)
ELT ELT
As on 31.03.2015 As on 31.03.2014
I.WQZMBJGºL )LXG&LMGH3L
I. Premises (including Land)
PL;EIWÈ4ZEIZLY3L*LK 2825.29 2773.45

-At cost as on 1st April of the year
-Additions during the year
L7L BPL;ETOL4KLVE7L4G3L¶LL8B 0.00 0.00
Less : Deductions during the year
*LRV&LX;:¶LV 0.65 -2.63
-Revaluation
L7L BGSG'LELT&LX:¶LÀLM 409.89 378.33
Less : Depreciation to date
2482.32 2446.97
II.W6¶LWQZWLG-3L¶LL ¾2VI;QKWL4KG¾2%MQKMGH3L
II. Other Fixed Assets (including furniture & fixtures)
306
okf"kZd fjiksVZ
ÈKLT.&LTB
/(` in Crore)
ELT ELT
As on 31.03.2015 As on 31.03.2014
GPGVFOKFTB L7DETELKLJXV;FX:LBEV 0.24 0.00
- Revaluation due to exchange rate fluctuation
L7L BPL;ETOL4KLVE7L4G3L¶LL 64.33 82.94
Less : Deductions during the year
1046.35 945.83
III.E&*¶LX7KML8¾7PT¶LK
III. Computer Software

GPGVFOKFTB L7DETELKLJXV;FX:LBEV 0.14 0.00
-Revaluation due to exchange rate fluctuation
- Additions during the year
PL;ETOL4KLVE7L4G3L¶LL 4.20 1.30
- Deductions during the year
L7L BGSG'LELT*LGKLLTGÉL3L 249.46 219.95
Less : Amortised to date
92.10 86.42
IV.*L7_7TPLZIWLG-3L¶LL8B
IV. Leased Assets

PL;ETOL4KLVE7L4G3L¶LL8B 0.00 0.00
-Deductions during the year
35.00 11.22
I, II, III, IVELULT. 3655.77 3490.44

TOTAL OF I, II, III, IV
WVRMXQIW6¶LWLG-3L¶LL8B
SCHEDULE 11 - OTHER ASSETS
ÈKLT.&LTB
/(` in Crore)
ELT ELT
As on 31.03.2015 As on 31.03.2014
I.N*LGQ3L$¶LLU 4322.08 4298.94
I. Interest accrued
II.WGY[&LWOLGE¶LLY¶LLEK!°LT3L*LKEL7LY¶LLEK ÈLPÉLLVLTBETN*LKL63L
1588.16 1009.82
II. Tax paid in advance/tax deducted at source (net of provisions)
III.ZT<LVML&LY[IWL4K-7L&*L 9.70 9.11

III. Stationery and Stamps
IV.OLPLTBETGV*L7LV&LTBÈL*¶LY4K$L4BEYWLG-3L¶LL8 65.64 54.35

IV. Non Banking assets acquired in satisfaction of claims
V.WL-'LGY3LEKWLG-3L¶LL LR
1479.38 572.22
V. Deferred Tax asset (net)
307
ÈKLT.&LTB
/(` in Crore)
ELT ELT
As on 31.03.2015 As on 31.03.2014
VI.W6¶L 5255.50 3221.70
VI. Others
I, II, III, IV, V, VIELULT. 12720.46 9166.14

TOTAL of I, II, III, IV, V, VI
WVRMXQIWLEG-&LEOT¶L3LL B
SCHEDULE 12 - CONTINGENT LIABILITIES
ÈKLT.&LTB
/(` in Crore)
ELT ELT
As on 31.03.2015 As on 31.03.2014
I. (i) $L4BE M&LXH
ETG<LZL¾2 TMTOLPTGU6HTBLVHIB&LLVLY¶LLH4" 209.42 178.69
I. (i) Claims against the Bank(Group) not acknowledged
as debts
(ii) W*LIZLTB>MBO)LLT;WLGOETWÉLIVGPPLGO3LWL¶LEKP$¶LLUEK&LLYTB 1056.21 800.68

(ii) Disputed income tax and interest tax
demands under appeal, references, etc.
II. WLBGLE*LMTÈOºLGVPTLLTBETGZ OT¶L3LL 153.01 0.01

II. Liability for partly paid investments
III. $LEL¶LLPL¶LOLGPGV&L¶LMBGPOLWLTBETELKLOT¶L3LL B 194285.07 135741.59

III. Liability on account of outstanding
forward exchange contracts
IV. Y[LHELTBEIWLTKMTOIY¶LIYLKBG7¶LLB
IV. Guarantees given on behalf of constituents
E
)LLK3L&LT 29020.58 28203.40
(a) In India
<L
)LLK3LMT$LLHK 15067.12 11888.25
(b) Outside India
V. -PI²G3L¶LLB>*LAsL8BEVWL4KW6¶LOLG¶L3P 41073.40 43798.44

V. Acceptance, Endorsements and Other obligations
VI. TMIW6¶L&LOTBGUVETGZ $L4BE M&LXH

WLEG-&LE*LMTGuL&&LTOLKH4 2091.35 1062.82
VI. Other items for which the Bank (Group) is contingently
liable
308
okf"kZd fjiksVZ
WVRMXQIWU3L$¶LLUWL4KZL)LLBL
SCHEDULE 13 - INTEREST AND DIVIDENDS EARNED
ÈKLT.&LTB
/(` in Crore)
31.03.2015 31.03.2014
I. WGY[&LLTB!$L7_7L!G$LZLTB*LK$¶LLU 36717.90 33709.68
I. Interest/discount on Advances/Bills
II.GVPTLLTBMTWL¶L 11045.10 10647.21

II. Income on Investments
III.)LLK3LI¶LGKuLP;$L4BEET*LLMU&LLLTLWL4KW6¶LWB3L$L4BEGVGÉL¶LLTB*LK$¶LLU 605.33 369.80

III. Intt on balances with Reserve Bank of India & other inter-bank
funds
IV.W6¶L 341.49 231.40

IV. Others
I, II, III, IVELULT.
TOTAL of I, II, III, IV 48709.82 44958.09
WVRMXQIW6¶LWL¶L
SCHEDULE 14 - OTHER INCOME
ÈKLT.&LTB
/(` in Crore)
31.03.2015 31.03.2014
I.E&LILV>GPGV&L¶LWL4KOZLZI 2758.63 2608.68
I. Commission, Exchange & Brokerage
II. Profit on sale of land, 3.65 5.49

II.)LXG&L>)LPVWL4KW6¶LWLG-3L¶LLTBEIG$L¹IMTZL)L
buildings and other assets
L7L B)LXG&L>)LPVWL4KW6¶LWLG-3L¶LLTBEIG$L¹IMTHLGV 0.58 0.67
Less:Loss on sale of land, buildings and other assets
3.07 4.82
III.&¶LXQRWZ¾2.MTZL)LLBLWL¶L 353.96 217.35

III. Dividend Income from Mutual Fund
IV.GPOTLI&LRÇLGPGV&L¶LZTVOTVMTZL)L 1429.29 1414.32

IV. Profit on Exchange Transaction
L7L BGPOTLI&LRÇLGPGV&L¶LZTVOTVMTHLGV 914.57 853.05
Less : Loss on Exchange Transaction
514.72 561.27
V.GVPTLLTB LR
EIG$L¹IMTZL)L 1351.70 885.49
V. Profit on sale of Investments
L7L BGVPTLLTBEIG$L¹IMTHLGV 228.91 321.24
Less : Loss on sale of investments
1122.79 564.25
VI.GPGPÉLWL¶L 1421.43 753.97

VI. Miscellaneous Income

309
WVRMXQI<LQ;GE¶LLY¶LL$¶LLU
SCHEDULE 15 - INTEREST EXPENDED
ÈKLT.&LTB
/(` in Crore)
31.03.2015 31.03.2014
I.U&LLKLGL¶LLTB*LK$¶LLU 28115.08 25565.97
I. Interest on Deposits
II. )LLK3LI¶LGKuLP;$L4BE!WB3LK$L4BENÉLLKLTB*LK$¶LLU 1391.76 1355.60

II. Interest on Reserve Bank of India/ inter-bank borrowings
III. W6¶L 1836.21 1298.70

III. Others
I, II, IIIELULT.
TOTAL of I, II, III 31343.05 28220.27
WVRMXQI*LGKQLZV0¶L¶L
SCHEDULE 16 - OPERATING EXPENSES
ÈKLT.&LTB
/(` in Crore)
31.03.2015 31.03.2014
I. E&L;QLGK¶LLTBELT)LRY3LLVWL4KNMETGZ ÈLPÉLLV 7469.12 6616.39
I. Payment to and provisions for employees
II. GEKL¶LL>EKWL4KG$LUZI 575.75 504.99

II. Rent, Taxes and Lighting
III. &LRÇLWL4KZT<LVML&LY[I 84.19 76.95

III. Printing & Stationery
IV. GP,L*LVWL4KÈQLK 48.76 35.87

IV. Advertisement & Publicity
V. $L4BEEIMB*LGºL*LK&LX:¶LÀLM 404.62 387.30

L7L B*LRV&LX;:¶LVÈLKG\L3LGVGÉLETML'LM&LL¶LLTGU3L 20.63 20.68
V. Depreciation on bank's property
Less: Adjusted with Revaluation Reserve
383.99 366.62
VI. GVOTLELTBEIJ2IM>)LºLTWL4K<LQ; 1.52 1.74

VI. Directors' Fees, allowances and expenses
VII. ZT<LL*LKI\LELTBEI¾2IMWL4K<LQ; WVRLBGY¶LLTBETMLBGPGÉLEZT<LL*LKI\LELTB 55.11 48.02

3L'LLLL<LLETZT<LL*LKI\LELTBEI¾2IMWL4K<LQ;MGH3L
VII. Auditors' fees and expenses (including

statutory auditor of subsidiaries,
branch auditors' fees & expenses)
VIII. GPGÉLÈ)LLK 64.59 52.46

VIII. Law charges
IX. .LE>3LLK>7TZI¾2LTVC3¶LLGO 132.32 134.26

IX. Postage,Telegrams,Telephones, etc.
X. &LK&&L3LWL4KK<LK<LLP 199.88 154.55

X. Repairs & Maintenance
310
okf"kZd fjiksVZ
ÈKLT.&LTB
/(` in Crore)
31.03.2015 31.03.2014
XI. $LI&LL 454.43 411.10
XI. Insurance
XII. W6¶L0¶L¶L 1339.33 1178.53

XII. Other expenditure
I MTXIIELULT. 10808.99 9581.49

TOTAL of I to XII
WVRMXQIMHL¶LEMB-'LLWLTB&LTBWU;V!HLGVELGH-ML
SCHEDULE 17 - SHARE OF EARNINGS/LOSS IN ASSOCIATES
ÈKLT.&LTB
/(` in Crore)
31.03.2015 31.03.2014
E
)LLK3L&LTBMHL¶LEMB-'LLWLTB&LTBWU;VLTBELGH-ML 162.76 121.58
(a) Share of Earnings in Associates in India
<L
)LLK3LET$LLHKMHL¶LEMB-'LLWLTB&LTBWU;VLTBELGH-ML 21.26 17.71
(b) Share of Earnings in Associates outside India
ULT. E PB<L
184.02 139.29
TOTAL of (a & b)
311
WVRMXQI SCHEDULE 18
SIGNIFICANT ACCOUNTING POLICIES AND NOTES TO
È&LR<LZT<LGPGÉLMB$LBÉLIVIG3L¶LLBWL4KZT<LLTB*LKG7**LGL¶LL ACCOUNTS
ZT<L3L4¶LLKEKVTELWLÉLLK 1. BASIS OF PREPARATION:
GPºLI¶LGPPKL*LL*LK&*LKLY3LZLY3LETWLÉLLK*LK3L4¶LLKGE¶LTY¶LTH4B 3L'LL The financial statements have been prepared on historical
M&L-3L&LH3P*LXL;OAGr¶LLTMT)LLK3L&LTB ML&LL6¶L3L-PI²3LZT<LLBEVGML63LLTB cost basis and conform, in all material aspects, to
Generally Accepted Accounting Principles (GAAP) in India
UI *LI
ETWVR*LH4>B GUV&LTB ZLYXMLBGPGÉLEÈLPÉLLV>)LLK3LI¶LGKuLP;
encompassing applicable statutory provisions, regulatory
$L4E
B ^LKLGVÉLL;GK3LGPGV¶LL&LE&LLVO.>)LLK3LI¶LMVOIZT<LLELKMB-'LLV norms prescribed by Reserve Bank of India (RBI), Accounting
^LKLULKIZT<LLBEV&LLVO. ZT<LL&LLVE
3L'LL,L*LVP)LLK3L&LTB $L4B EY Standards (AS) and pronouncements issued by The Institute of
N]LTY&LTB &LL4UOX LÈ'LL B)LILLG&LZH4"B GPOTLIEL¶LL;Z¶LLTB ETM&$L6ÉL&LTB NV Chartered Accountants of India (ICAI) and prevailing practices
OTLLTB &LTB ZLYXMLBGPGÉLEÈLPÉLLVLTB WL4KÈ'LLWLTB EL*LLZVGE¶LLY¶LLH4" in Banking industry in India.
WVR&LLVLTBELN*L¶LLTY Use of Estimates

GPºLI¶LGPPKGL¶LL8B 3L4¶LLKEKVTETGZ È$LBÉLVELTGPºLI¶LGPPKGL¶LLTB EI The preparation of financial statements requires the
management to make estimates and assumptions considered
G3LG'LELTGK*LLT7; GE Y WLG-3L¶LLTB PBOT¶L3LLWLTB 3L'LLGK*LLT7; WPGÉLETGZ in the reported amounts of assets and liabilities (including
GK*LLT7; GE Y WL¶LWL4K0¶L¶L&LTB GPQLKL'L;WVR&LLV3L'LLÉLLKLL 8B $LVLVT contingent liabilities) as of date of the financial statements
EIWLP¶LE3LL*L.3LIH4"È$LBÉLVELTGPPLMH4GEGPºLI¶LGPPKGL¶LL8B and the reported income and expenses for the reporting
3L4¶LLKEKVT&LTB N*L¶LLTYGE Y WVR&LLVGPPTEM&&L3LWL4K3LE;MYB 3LH4"B period. Management believes that the estimates used in
the preparation of the financial statements are prudent and
reasonable.
M&LTEVÈG¹¶LL: 2. CONSOLIDATION PROCEDURES:

M&LXH WVRLBGY¶LLB WL4KMH¶LLTYIMB-'LL B WL4KMB¶LR%S 2.1 Consolidated financial statements of the Group (comprising of
7 Subsidiaries, 8 Associates and 1 Joint Venture) have been
N*L¹&LMG&&LGZ3LH4B
ET M&LTGE3LGPºLI¶LGPPKL*LLGV&VGZG<L3L
prepared on the basis of:
ETWLÉLLK*LK3L4¶LLKGE Y H4B
a. Audited financial statements of Punjab National Bank
E
*LBUL$LV4LVZ$L4E B &LXZ!$L4E B
ETZT<LL*LKIG\L3LGPºLI¶LGPPKL*LL (Parent/the Bank),
<L
&LXZ$L4BEEIM&$LG6ÉL3L&LOLTB ET ML'LMH¶LLTGY¶LLTB EI&LOLTB ELT b. Line by line aggregation of like items of assets, liabilities,
W'LL;3L_WLG-3L¶LLTB>OT¶L3LLWLTB>WL¶L3L'LL0¶L¶LLTBELT*LK-*LK*LBG%SOK income and expenses of subsidiaries with the respective
*LBG%S EGL3LEK3LTHR 3L'LLWB3LKM&LXHZTVOTVLTB>NVETM&$L item of the Parent after eliminating material intra-group
G6ÉL3LZT<LL*LKI\LELTB^LKLGPGÉLP3L_ZT<LL*LKIG\L3LÈL*3LWLE.LTBET balances/transactions, unrealized profit/losses and making
WLÉLLK*LKPMXZVHR ZL)L!HLGVELTH7LVTET*L1LL3L_3L'LL necessary adjustments, wherever required, to conform to
uniform accounting policies, based on data received from
UHL8B EHIB UKI'LLPHLB M&LLVZT<LLBEVVIG3L¶LLTB ET WVR*L these subsidiaries duly audited by their respective auditors.
WLP¶LEM&LL¶LLTUVEKVTET*L1LL3L_3L4¶LLKGE Y H4B"WVRLBYI The financial statements of the subsidiaries are drawn up
E&*LGV¶LLTBETGPºLI¶LGPPKL*LLÈ&LR<L$L4BEEIGK*LLT7YG3LG'L to the same reporting date as that of Parent i.e.31st March
W'LL;3L_&LLQ;>ELTHI3L4¶LLKGE Y " 2015.
Y
GPOTLIWVRLBYIETGPOTLI&LRÇLWB3LKLGV&VP3LGE Y H4B c. Foreign currency translation of overseas subsidiaries have
been done as under:
i
WL¶LS'LL0¶L¶LPL;ETOL4KLVN*LZ$ÉL)LLGK3LWL4M3LOKLTB i. Income and Expenditure – at weighted average rates
*LK prevailing during the year
ii
WLG-3L¶LLPOT¶L3LL BPL;ETWB3LEIOKLTB*LK ii. Assets and Liabilities - at the year-end rates
GPOTLI &LRÇL WB3LKL ET *LGKLL&L-P*L WL¶L WB3LK ELT QLHT The resultant foreign currency translation difference,
whether gain or loss, has been included under Reserves
PHZL)LW'LPLHLGVHLT>ÈLKG\LG3L¶LLTB WL4KWGÉLLTLET WÉLIV
and Surplus - Foreign Currency Translation Reserve.
MG&&LGZ3LGE¶LLY¶LLH4"
d. Investments in associates, where the group holds 20%
L
UHLB PLT7Y*LLPK&LTB M&LXHELWL4KCMMT WGÉLEWBL
or more of the voting power, have been accounted for
H4>PHLBMHL¶LEMB-'LLWLTB&LTBGVPTLLTBELZT<LLBEV)LLK3LI¶LMVOI using the equity method in terms of Accounting Standard
ZT<LLELK MB-'LLV ^LKL ULKI ZT<LL&LLVE EI L3LL;VRMLK – 23 issued by The Institute of Chartered Accountants of
CG%P7I*LG3L^LKLGE¶LLY¶LLH4" India.
.
&LXZ$L4EB WL4KWVRLBGY¶LLTB WL4KMHL¶LEMB-'LLWLTB ^LKLW*LVL¶LIYC; e. In the absence of full information regarding impact of
ZT<LLBEVVIG3LEIG)L£3LLWLTB ETÈ)LLPMTM&$LG6ÉL3L*LXL;ULVELKIEI differences in accounting policies followed by the Parent,
subsidiaries and associates, no adjustments have been carried
WVR*LG-'LG3L&LT>B ELTC; M&LLÉLLVVHIBGE¶LLY¶LLH4"CMIÈELK&LXZ$L4E
B
312
okf"kZd fjiksVZ
!NMEIM&LTGE3LWVRLBGY¶LLT>B NMEIMHL¶LEMB-'LLWLTB ET$LIQHR out. In like manner, unrealized profits and losses resulting
ZTVOTVLTB ET*LGKLL&L-P*LPMXZIVHR ZL)LWL4KHLGV3L'LLWVRLBGY¶LLTB from transactions between the Parent , the subsidiaries
and associates, if any, to the extent of the Parent’s interest
WL4KMHL¶LEMB-'LLWLTB &LTB $L4E
B ETGH3LEIMI&LL3LEVHIBH7L Y in the subsidiaries and associates have not been eliminated
H4"B CVWVRLBGY¶LLTB WL4KMHL¶LEMB-'LLWLTB MTÈL*3LGPºLI¶LGPPKL*LL .Financial statements received from these subsidiaries and
CVM&LTGE3LGPPKL*LLLTB &LTB NVET MG&&LGZ3LHLTVT ET GZ EZ associates form the sole basis for their incorporation in these
Consolidated Financial Statements.
WLÉLLK$LV3LTH4"B ¶LTWVR&LLVPL-3LGPEG-'LG3LMTG)L£HLTME3LTH4"B
WVRLBYI E&*LGV¶LLTB &LTB CMET GVPTL ET M&LXH EI ZLY3L 3L'LL 2.2 The difference between cost to the Group of its investment in
WVRLBGY¶LLTB &LTB CG%P7IET M&LXHET )LLYET $LIQET WB3LKELT the subsidiaries and the group’s portion of the equity of the
subsidiaries is recognized as Goodwill/Capital Reserve.
GPºLI¶LGPPKL*LL&LTB<¶LLG3L!*LXUIÈLKG\L3LGVGÉL&LLVLY¶LLH4"
M&LTGE3LWVRLBYIEILRWLG-3L¶LLTB&LTBW:*LLBLGH3L&LTBGV&VGZG<L3L 2.3 Minority interest in the net assets of consolidated subsidiaries
LLG&LZH4B: consist of:
E
WVRLBYI&LTB GUMG3LG'LELT GVPTLGE¶LLY¶LLH4 NMG3LG'L a. The amount of equity attributable to the minority at the
date on which investments in a subsidiary is made; and
ELTW:*LLBLGH3LELTOT¶LCG%P7IEIKLGL>3L'LL
<L
&LXZ$L4BE3L'LLWVRLBYIET&LÉ¶LMB$LBÉL$LVVTEI3LLKI<LMT b. The minority share of movements in equity since date of
parent-subsidiary relationship came into existence.
CG%P7ILT¶LKETMBQLZVLTB&LTBW:*LLBLELGH-ML"
SIGNIFICANT ACCOUNTING POLICIES FOLLOWED BY THE
&LXZ$L4BE^LKLW*LVLC;YC;È&LR<LZT<LLBEVVIG3L¶LLB PARENT.
ZT<LLEBV*LG3L 3. METHOD OF ACCOUNTING:
ZT<LT N*LGQ3L ÉLLKLL ET ML'L GVK63LK ELKLT$LLK ET WLÉLLK *LK 3L'LL The financial statements have been prepared on going
concern basis with accrual concept and in accordance with
W6¶L'LLNGkG<L3LELT/LT.EK>ZT<LLBEVVIG3L¶LLTB3L'LLMRMBY3LWVR*LLGZ3L the accounting policies and practices consistently followed
È'LLWLTBETWVRMLK3L4¶LLKGE Y H4B" unless otherwise stated.
WQZWLG-3L¶LL8B 4. FIXED ASSETS
GUV*LGKMKLTBEL*LRV;&LX:¶LVHLTQRELH4>N6HT/LT.EKWQZWLG-3L¶LLTB 4.1. Fixed assets are stated at historical cost except those
ELTNVEI*LK&*LKLY3LZLY3L*LKGO<LL¶LLUL3LLH4"*LRV&LX;:¶LV*LKHRC;PAG premises, which have been revalued. The appreciation on
revaluation is credited to revaluation reserve and incremental
ELT*LRV&LX;:¶LVÈLKG\L3LGVGÉL&LTBU&LLGE¶LLUL3LLH4WL4K*LRV&LX;:¶LVKLGL depreciation attributable to the revalued amount is deducted
&LTBWLKLT*¶L$L3LLHRWL&LX:¶LÀLMNM&LTBMTE&LEKGO¶LLUL3LLH4" therefrom.
WLG-SLTBEL&LX:¶LÀLM 4.2 Depreciation on assets

E
WLG-3L¶LLTB )LXG&LMGH3L>UHLEI&L3LWZYVEIULME3LIHLT
a. Depreciation on assets (including land where value is not
separable) is provided on straight-line method based on
*LK&LX:¶LÀLMET GZ ÈLPÉLLVWLG-3LEIÈ3¶LLGL3LWL¶LR ET estimated life of the asset.
WLÉLLK*LKMIÉLIKT<LL*LG3LETWVRMLKGE¶LLUL3LLH4" b. Depreciation on assets has been provided at the rates
<L
MT IWLG-3L¶LLTB *LK&LX:¶LÀLMGV&VGZG<L3LOKLTB *LKÈOLVGE¶LLY¶LLH4 furnished below:-
&LTB
In %
GPPKL &LX:¶LÀLMOK Particulars Rate of Depreciation
$LTG&L¶LLOI*L7_7T*LKZIYC;)LXG&LUHL*L7_7TEIWPGÉLELNkT<LVHIBH4 LX6¶L Land acquired on perpetual lease where no lease Nil
period is mentioned
*L7_7TETWLÉLLK*LKZIYC;)LXG&LUHL*L7_7TEIWPGÉLELNkT<LH4 *L7_7T EIWPGÉL*LK
Land acquired on lease where lease period is Over lease period
)LPV mentioned
»IHLT:.WL4K*L7_7TEI)LXG&L*LKGV&L3L" Building
UHLB*L7_7TEIWPGÉLPL;MTWGÉLEH4 Constructed on free hold land and on leased 2.50%
land, where lease period is above 40 years
*L7_7TEI)LXG&L*LKGV&L3LUHL*L7_7TEIWPGÉLPL;MTE&LH4 *L7_7T EIWPGÉL*LK
Constructed on leased land where lease period Over lease period
*LXP;P3LI;6¶LX$L4BEWL¾2CBG.¶LLWL4KVTORBY.I$L4BEGZMTWU3LGV&L3L is below 40 years.
WLG-3L¶LL8B Built-up Assets taken over from erstwhile New 4.00%
¾2VI;QKWL4KG¾2cM;-7IZP-3LR B Bank of India & Nedungadi Bank Ltd
Furniture and fixtures- Steel articles 5.00%
¾2VI;QKWL4KG¾2cM;ZE.IEIP-3LR B
Furniture and fixtures-wooden articles 10.00%
YÎT
Mattresses 20.00%
&LLT$LLCZ¾2LTVN*LEKL Mobile Phone Instruments 33.33%
313
GPPKL &LX:¶LÀLMOK Particulars Rate of Depreciation
&LLIVKI>GP]RSNJEKLWL4KGPGPÉLP-3LR B Machinery, electrical and miscellaneous articles 15.00%
&LLT7K>ELK PBMLC;EZTB Motor cars and cycles 15.00%
E&*¶LX7K> 7I &LWL4KMB$LBGÉL3LP-3LR BZ4*L7L8*L>WLC;*L4. Computers, ATMs and related items, laptop, i pad 33.33%
E&*¶LX7KWVRÈ¶LLTYML8¾7PT¶LKW&LX3L;WLG-3L¶LLB Computer Application Software – Intangible Assets
•*L¶LT!3LE KLU-P&LTBÈ)LLGK3L •Up to ` 5,000 Charged to Revenue
•W6¶L •Others 20.00%
Y
$L4BEETW*LVT-PLG&L3PET*LGKMKLTBMTC3LKWLG-3L¶LLTB&LTBHR V c. Depreciation on fresh additions to assets other than bank’s
*LGKPÉL;VLTBET&LL&LZT&LTB&LX:¶LÀLMELÈLPÉLLVNVETÈ¶LLTY&LTBWLVT own premises is provided from the month in which the
assets are put to use and in the case of assets sold/disposed
ET&LLHMTWL4KPL;ETOL4KLV$LTQI!GV*L7LOIYC;WLG-3L¶LLTBET off during the year, up to the month preceding the month
&LL&LZT&LTBÈLPÉLLVGUM&LLH&LTBWLG-3L$LTQI!GV*L7LC;YC;H4>NMET in which it is sold/ disposed off.
*LXP;&LLH3LEGE¶LLUL3LLH4"
PL;ETWB3L&LTB &LL4UOX $L4E
B W*LVT-PLG&L3PET*LGKMKLTB *LK&LX:¶LÃLM*LXKT The depreciation on bank’s own premises existing at the
PL;ETGZ È)LLGK3LGE¶LLUL3LLH4"GV&LL;LZLY3LEL3L)LI&LX:¶LÃLM close of the year is charged for full year. The construction
cost is depreciated only when the building is complete in
GE¶LLUL3LLH4U$L)LPVM)LIÈELKMT*LXKLHLTUL3LLH4" all respects.
WGY[&L 5. ADVANCES

WU;EWL4KWVU;EWLG-3L¶LLTBET*L&LTBWGY[&LLTBELPYI;EKL>NVET 5.1. Advances are classified as performing and non-performing
assets; provisions are made in accordance with prudential
GZ ÈLPÉLLVELT/LT.EKH4"
norms prescribed by RBI.
WGY[&LLTBEINMKLGLELTOLL;¶LLUL3LLH4ULTWVU;EWLG-3L¶LLTBETGZ 5.2. Advances are stated net of provisions in respect of non-
ÈLPÉLLV3L'LLNVET MB$LBÉL&LTB $¶LLUELT W&LL6¶LEKVT!GVZG&$L3L$¶LLU performing assets.
L7LVTET*L1LL3L_LTL$LQ3LIH4B"
)LLK3LET$LLHKEL¶LL;Z¶L!W*L3L7I¶L$L4BEYCELC¶LLB 5.3 Offices outside India / Offshore Banking Units:
a. Advances are classified under categories in line with those
E WGY[&LLTB ELPYI;EKLNVMBPYLT &LTB GE¶LLY¶LLH4 U4ML)LLK3LI¶L of Indian offices.
EL¶LL;Z¶LLTBETGZ H4
<L WGY[&LLTBETM&$L6ÉL&LTBÈLPÉLLV-'LLVI¶LELVXVIW*LT\LLWLTBETWVRMLK b. Provisions in respect of advances are made as per the local
law requirements or as per the norms of RBI, whichever is
W'LPL)LLK3LI¶LGKUP;$L4BEET&LLVO.LTBETWVRMLK>ULT)LIWGÉLE higher.
H4>GE Y H4B"
$LTQIY¶LIGPºLI¶LWLG-3L¶LLTBET&LL&LZT&LTBGV&VP3L_*LHQLVHLTYI 5.4. Financial Assets sold are recognized as under:
E MMI!WLKMIELT$LTQIYC;GPºLI¶LWLG-3L¶LLTBEIG$L¹IHT3LR a. For Sale of financial assets sold to SCs/RCs
i ¶LGO MMI!WLKMIELTG$L¹IGVPZ$LHI&LX:¶L V$LIPI
MTVIQT i. If the sale to SCs/RCs is at a price below the Net Book Value
EIEI&L3L*LKEIYC;H43LLTNMPL;E&LIETZL)LPHLGV<LL3LTMT (NBV), the short fall should be debited to the Profit & Loss
account of that year. Bank can also use countercyclical
.TG$L7EKVLQLGH "$L4E B V*LI EIG$L¹I*LKW'LL;3L_U$LG$L¹I
/ floating provisions for meeting the shortfall on sale of
GVPZ$LHI&LX:¶LMTE&LEI&L3L*LKEIYC;HLT3LLT*LLC;YC;E&LIHT3LR NPAs i.e when the sale is at a price below the NBV.
ÈG3LQ¹I¶L!¾ZLT7YÈLPÉLLV)LIEKME3LLH4 "G¾2K)LIWLG-3L¶LLTB However, for assets sold on or after 26.02.2014 and upto
EIG$L¹IETGZ W'LL;3L_ET*L1LL3LWL4K 31.03.2015, as incentive for early sale of NPAs, bank can
3LE V*LI EI*LXP; G$L¹IHT3LR ÈLT3MLHVWVR*L¶LGOG$L¹I&LX:¶L spread over any shortfall, if the sale value is lower than the
GVPZ$LHI&LX:¶LMT E&LH4 3LLT $L4E B OLT PLLT EIWPGÉLET GZ NBV, over a period of two years. This facility of spreading
GEMIE&LIELT*LGK0¶LL*3LEKME3LLH4"CME&LIELT*LGK0¶LL*3L over the shortfall will be subject to necessary disclosures
in the Notes to Accounts in Annual Financial Statements
EKVTEI¶LHMRGPÉLL$L4E B ETPLLEGPPKGL¶LLTB &LTB <LL3LLTB MTMB$LBGÉL3L of the Bank.
G7**LGL¶LLTB &LTB WLP¶LEÈE7IEKLETGPL¶LLÉLIVHLTYI"
ii ET *L1LL3L P MT *LXP ; G$L¹I EI YC; ii. For assets sold after 26.02.2014 and before 26.02.2014
WLG-3L¶LLTB HT3LR>¶LGOG$L¹IGVPZ$LHI&LX:¶LEIW*LT\LLN1Q&LX:¶L*LK also, if the sale is for a value higher than the NBV, Bank
can reverse the excess provision on sale of NPAs to its
EIYC;H4>3LLT$L4E B CMPL;CMETZL)LPHLGV<LL3LLTB &LTB ÈL*3LKLGL profit and loss account in the year, the amounts are
&LTB MT V*LI EIG$L¹I¶LLWG3LGK%SÈLPÉLLVPL*LMZTME3LLH4 received. However, Bank can reverse excess provision
"3L'LLG*L>$L4E B WG3LGK%SÈLPÉLLV U$LG$L¹IGVPZ$LHI&LX:¶LEI (when the sale is for a value higher than the NBV) arising
W*LT\LLN1Q&LX:¶L*LKEIYC;H4
V*LI EIG$L¹IMT3L)LIGVELZI out of sale of NPAs, only when the cash received (by way
314
okf"kZd fjiksVZ
ULME3LIH4>ETPZU$LÈL*3LVEOI ÈLKG&)LEÈG3L¾2ZWL4K! of initial consideration and/or redemption of SRs/PTCs)

W'LPL MWLK!*LI7IMIEI/X7ET &LLÉ¶L&LMT WLG-3L¶LLTB EIVEOI is higher than the NBV of the asset. Further, reversal of
EIW*LT\LLN1QH4"WLYTWG3LGK%SÈLPÉLLVELGVKMVWLG-3LET excess provision will be limited to the extent to which
cash received exceeds the NBV of the asset.
V$LIPI*LKÈL*3LWG3LGK%SVEOIETÈ)LLP3LEMIG&L3LHLTYI"
<LW6¶L$L4BE! V$LI J2MI! J2WLC; C3¶LLGOELT G$L¹IEIYC; GPºLI¶L b. For Sale of financial assets sold to Other Banks/NBFCs/FIs
WLG-3L¶LLTBEIG$L¹IHT3LR etc.
i GVPZ$LHI&LX:¶L V$LIPI
MT E&LEI&L3L*LKG$L¹IEKVT ET i. In case the sale is at a price below the Net Book Value
(NBV) i.e. Book Value less provision held, the shortfall
&LL&LZT &LTB W'LL;3L_ $LHI&LX:¶LMT E&LÈLPÉLLVEKVT *LKE&LIELT should be debited to the Profit & Loss A/c of that
NMPL;ZL)LPHLGV<LL3LLTBMT.TG$L7EKVLQLGH " year.
ii GVPZ$LHI&LX:¶L V$LIPI
EIW*LT\LLN1Q&LX:¶L*LKG$L¹IET ii. In case the sale is for a value higher than the Net Book
Value (NBV) i.e. Book Value less provision held, the
&LL&LZT &LTB W'LL;3L_ $LHI&LX:¶LMT E&LÈLPÉLLVEKVT *LK>WG3LGK%S
excess provision shall not be reversed but will be
ÈLPÉLLVPL*LMVHIBGE¶LLUL YLE3LRW6¶L V*LI EIG$L¹I<LL3LLTB utilized to meet the shortfall/loss on account of sale of
WL4KE&LI!HLGV*LL ULVT*LKNMELN*L¶LLTYGE¶LLUL YL" other NPAs.
WGY[&LLTB ET *LRVY;#V!*LRVMX;QI$LVET &LL&LZT &LTB )LLK3LI¶LGKuLP; $L4BE 5.5. For restructured/rescheduled advances, provisions are made
ET&LLY;GVOT;LLTBETWVRMLKÈLPÉLLVGE UL3LTH4B" in accordance with guidelines issued by RBI.
GVPTL 6. INVESTMENTS

GVPTLLTBELT$L4BEYGPGV¶L&LVWGÉLGV¶L&L>EI3LIMKIWVRMXQIET 6.1. Investments are classified into six categories as stipulated in
form A of the third schedule to the Banking Regulation Act,
¾2L&L; &LTB¶L'LLGVOr/H+TGL¶LLTB&LTBPYI;²3LGE¶LLY¶LLH4" 1949.
)LLGK$L4E B ET&LLY;GVOT; LLTB ETWVR*LGVPTLLTB ELT??*LGK*L%P3LL3LEK<LT 6.2. Investments have been categorized into “Held to Maturity”,
Y >??G$L¹IHT3LRN*LZ$ÉL3L'LL??0¶LL*LLKHT3LRK<LTY +TGL¶LLTB &LTB PY “Available for Sale” and “Held for Trading” in terms of
I;²3LGE¶LLY¶LLH4"$L4E B ^LKL*LGK*L%P3LL3LEK<LTULVTEI&LBLLMTWU3L RBI guidelines. Securities acquired by the Bank with an
intention to hold till maturity are classified under “Held to
ÈG3L)LXG3L¶LLTB ELT??*LGK*L%P3LL3LEK<LIYC;+TLI&LTB K<LLY¶LLH4" Maturity”.
$L4BE^LKLW:*LLPGÉLET &LX:¶L!$¶LLUOKÈPAGºL¶LLTB ELZL)LN#L3LT 6.3. The securities acquired by the Bank with an intention to
HR 0¶LL*LLKHT3LRK<LTULVTEI&LBLLMTWU3LÈG3L)LXG3L¶LLTBELT??0¶LL*LLK trade by taking advantages of short-term price/ interest rate
movements are classified under “Held for Trading”.
HT3LRK<LTY GVPTLLTB&LTBPYI;²3LGE¶LLY¶LLH4"
ULT ÈG3L)LXG3L¶LLB N*L¶LR;%SOLTVLTB +TGL¶LLTB &LTB VHIB WL3LIN6HTB ??G$L¹IHT3LR 6.4 The securities, which do not fall within the above two
N*LZ$ÉL+TLIETWÉLIVPYI;²3LGE¶LLY¶LLH4" categories, are classified under “Available for Sale”.
E+TLIMTOXMKI+TLI&LTBÈG3L)LXG3L¶LLTBETWB3LKL>WB3LKLEIG3LG'L 6.5 Transfer of securities from one category to another is carried
ELTWGÉLY[HLZLY3L!$LHI&LX:¶L!$LLULK&LX:¶L>ULT)LIE&LHLT>*LK out at the lower of acquisition cost/ book value/ market value
GE¶LLY¶LLH4"¶LGOELTC;&LX:¶LÀLMHLT3LLT TMTWB3LKL*LKNMETGZ on the date of transfer. The depreciation, if any, on such
*LXL;ÈLPÉLLVGE¶LLUL3LLH4" transfer is fully provided for.
GEMIGVPTLEIWGÉLY[HLZLY3LELTGVÉLL;GK3LEKVT&LTB 6.6. In determining acquisition cost of an investment

E M$LG-¹*LV
*LKÈL*3LOZLZI!E&LILVÈG3L)LXG3L¶LLTBEIZLY3L
a. Brokerage / commission received on subscription is
MTEL7IY¶LIH4"
deducted from the cost of securities.
<LÈG3L)LXG3L¶LLTB ET WGÉLY[HL ET M&$L6ÉL &LT MBOºL OZLZI> E&LILV
WLGOKLU-P0¶L¶LLTBET*L&LTBM&LIUL3LIH4" b. Brokerage, commission etc. paid in connection with
acquisition of securities are treated as revenue expenses.
YÈG3L)LXG3L¶LLTB ET WGÉLY[HL EI G3LG'L¶LLTB 3LE N*LGQ3L $¶LLU W'LL;3L_
<LBG.3LWPGÉL$¶LLUWGÉLY[HLZLY3LMTWZYEKGO¶LLY¶LLH4 c. Interest accrued up to the date of acquisition of securities
i.e. broken – period interest is excluded from the acquisition
WL4KNMT$¶LLU0¶L¶LET*L&LTB&LLVLY¶LLH4"ÈG3L)LXG3L¶LLTBEIG$L¹I
cost and the same is accounted in interest accrued but not
*LKÈL*3L<LBG.3LWPGÉL$¶LLUELT$¶LLUWL¶L&LLVLY¶LLH4" due account.
)LLGK$L4BE! J2WLC; &L &L.I ETGOLLGVOT;LLVRMLK>GVPTLEL&LX:¶LV 6.7 Investments are valued as per RBI/ FIMMDA guidelines, on
GV&VGZG<L3LWLÉLLK*LKGE¶LLUL3LLH4 the following basis:
*LGK*L%P3LL3LEK<LTY Held to Maturity

i. Investments under “Held to Maturity “category are carried
i *LGK*L%P3LL3LEK<LTY PY;&LTB&LX:¶LVWU;VZLY3L*LKGE¶LLUL3LL at acquisition cost. Wherever the book value is higher
H4"UHL$LHI&LX:¶LWBGE3L!*LGK*L%P3LL&LX:¶LMTWGÉLEH4>PHL than the face value/redemption value, the premium is
ÈIG&L¶L&L*LGK*L%P3LLEILTLWPGÉL&LTB*LGKLLTGÉL3LGE¶LLUL3LLH4" amortized over the remaining period to maturity.
315
iiWVRLBGY¶LLTB ! MB¶LR%S N]&LLTB ! MHL¶LE MB-'LLWLTB &LTB GE Y ii. Investments in subsidiaries/joint ventures/associates
GVPTLEL&LX:¶LLBEVK<LLPZLY3L&LTB MT &LX:¶LÀLM W-'LL¶LIET are valued at carrying cost less diminution, other than
WG3LGK%S
L7LEKGE¶LLUL3LLH4" temporary, in nature.
iiiÈL¶LLTGU3L\LTLI¶LY[L&LIL$L4BELTB &LTB GE Y GVPTLEL&LX:¶LLBEV iii. Investments in sponsored regional rural banks are valued
at carrying cost.
K<LLPZLY3L*LKGE¶LLUL3LLH4"
iv. Investment in venture capital is valued at carrying cost.
iv N]&L*LXU I&LTB GVPTLLTB EL&LX:¶LLBEVK<LLPZLY3L*LKGE¶LLUL3LLH4"
G$L¹IHT3LRN*LZ$ÉL3L'LL0¶LL*LLKHT3LRK<LTY Available for Sale and Held for Trading
E MKELKIÈG3L)LXG3L¶LLTB G¾2%M.C6E&L&LVI&LLE7 ..TGKPTG70M a) Govt. Securities At market prices/YTM as published by Fixed
•ETBÇI¶LMKELKEIÈG3L)LXG3L¶LLB MLTGM LVWL8¾2CBG.¶LL J2WLC; &L &L.I
I. Central Govt. Income Money Market and Derivatives
•KL5¶LMKELKEIÈG3L)LXG3L¶LLB ^LKLÈELGL3L$LLULK&LX:¶L!*LGK*L%P3LLÈLG*3L Securities Association of India (FIMMDA)
WLÉLLK*LK J2WLC; &L &L.I !)LLGK$L4E
B &LLY;GVOT; LLTB
II. State Govt. On appropriate yield to maturity basis as per
ETWVRMLKN*L¶LR%S*LGK*L%P3LLÈLG*3LWLÉLLK*LK Securities FIMMDA/RBI guidelines.
<L ETBÇI¶L!KL5¶LMKELK^LKL J2WLC; &L &L.I !)LLGK$L4BE&LLY;GVOT;LLTBET b) Securities guaranteed On appropriate yield to maturity basis as per
YLKB7ILROLÈG3L)LXG3L¶LLB>MLP;UGVE WVRMLKN*L¶LR%S*LGK*L%P3LLÈLG*3LWLÉLLK*LK by Central / State FIMMDA/RBI guidelines
\LTLETN*L¹&LLTBET$LL. Government, PSU
WGY[&LLTBEIÈ²G3LETVHIB
Bonds (not in the
nature of advances)
Y 7TUKIG$LZ K<LLPZLY3L*LK c) Treasury Bills At carrying cost
L CG%P7ILT¶LK $LLULK&LX:¶L*LK>¶LGONA3LHLT>W6¶L'LLVPIV3L&L d) Equity shares At market price, if quoted, otherwise at
3LRZV*LL ULT EPL;MT*LRKLVLVHLT
ET break up value of the Shares as per latest
WVRMLKLT¶LKLTBETD[TEW*L&LX:¶L*LK>W6¶L'LLÈG3L Balance Sheet (not more than one year old),
EB*LVI`! otherwise at Re.1 per company
. WGÉL&LLVLT¶LK $LLULK&LX:¶L*LK>¶LGONA3LHLT>W'LPL J2WLC; &L e) Preference shares At market price, if quoted or on appropriate
&L.I &LLY;GVOT;LLTBETWVRMLKN*L¶LR%S*LGK*L%P3LL yield to maturity basis not exceeding
redemption value as per RBI/FIMMDA
ÈLG*3LWLÉLLK*LKE3LRLLTÉLV&LX:¶LMTWVGÉLE
guidelines.
Q $LBÉL*LLWL4KG.$LTBQK WGY[&LLTB $LLULK&LX:¶L*LK>¶LGONA3LHLT>W'LPL f) Bonds and debentures At market price, if quoted, or on appropriate
EIÈ²G3LETVHIB
J2WLC; &L &L.I &LLY;GVOT;LLTBETWVRMLKN*L¶LR%S (not in the nature of yield to maturity basis as per RBI/FIMMDA
*LGK*L%P3LLÈLG*3LWLÉLLK*LK advances) guidelines.
/ &¶LXQRWZJ2.LTBET¶LXGV7 -7L8E %MQTU B ET)LLPETWVRMLK¶LGONA3LHLT! g) Units of mutual funds As per stock exchange quotation, if quoted;
¶LGONA3LVHLTB 3LLT*LRV<L;KIO&LX:¶L*LK! V PI*LK at repurchase price/NAV, if unquoted
U PLGLG5¶LE*LT*LK K<LLPZLY3L*LK h) Commercial Paper At carrying cost
U&LLÈ&LLL*LL K<LLPZLY3L*LK i) Certificate of Deposits At carrying cost.
¸L WLKMIWLC; ZEIÈG3L)LXG3L WLKMIWLC; Z^LKLEIYC; LLTLLLETWVRMLK j) Security receipts of At net asset value of the asset as declared
KMIOTB WLG-3LETLRWLG-3L&LX:¶L*LK ARCIL by ARCIL
7 PTBQKE4G*L7ZJ2B. PTBQKE4G*L7Z¾2B.^LKLEIYC; LLTLLLETWVRMLK k) Venture Capital Funds At net asset value (NAV) declared by the
LRWLG-3L&LX:¶L*LK V PI
VCF
# W6¶LGVPTL K<LLPZLY3L&LTBMTÀLM L7LEK l) Other Investments At carrying cost less diminution in value
G$L¹IHT3LRN*LZ$ÉL3L'LL0¶LL*LLKHT3LRK<LTY PY;&LTBN*L¶LR;%S&LX:¶LLBEV The above valuation in category of Available for Sale and Held
G-¹*LPLKGE¶LLUL3LLH43L'LLÈ3¶LTE+TLI&LTB&LX:¶LÃLM!PAGPY;PLK for Trading is done scrip wise and depreciation/appreciation
is aggregated for each classification. Net depreciation for each
EIUL3LIH4"¶L]G*LLR&LX:¶LÃLM0¶LPG-'L3LGE¶LLUL3LLH4 3L'LLG*L classification, if any, is provided for while net appreciation is
LRPAGVHIBOLL;¶LIUL3LI" ignored.
)LLGK$L4E B ET V*LIWLC;PYI;EKLETGPPTEI&LLVOB.LTB ETWVR*LGVPTLLTB 6.8. Investments are subject to appropriate provisioning/ de-recognition
*LKN*L¶LR%SÈLPÉLLVIEKL3L'LLWL¶LW&LL6¶LIEKLZLYXGE¶LTUL3LTH4"B WGY[&LLTB of income, in line with the prudential norms of Reserve Bank of
ET*L&LTB WVU;EÈG3L)LXG3L¶LLTB ETMB$L&LTB &LX:¶LÀLM!ÈLPÉLLVW6¶LWVU;E India for NPI classification. The depreciation/provision in respect
of non-performing securities is not set off against the appreciation
ÈG3L)LXG3L¶LLTB ETMB$LBÉL&LTB PAGETM&L\LM&LBUVVHIBGE¶LLY¶LLH4"
in respect of the other performing securities.
GEMI)LI+TLIETGVPTLLTBETG$L¹IMTHR ZL)L!HLGVELTZL)LP 6.9. Profit or loss on sale of investments in any category is taken
HLGV<LL3LT&LTBZTUL¶LLUL3LLH4E3LR*LGK*L%P3LLHT3LRK<LTY¶LT+TLIET to Profit and Loss account but, in case of profit on sale of
GVPTLLTBEIG$L¹IMTHR ZL)LET&LL&LZT&LTBM&L3LR:¶LKLGL*LXBUIÈLKG\L3L investments in “Held to Maturity” category, an equivalent
GVGÉL<LL3LT&LTBGPGV¶LLTGU3LEIUL3LIH4" amount is appropriated to “Capital Reserve Account”.
P L*LM<LKIO0¶LP-'LLET W63LY;3L*LRV<L;KIOIY¶LI!*LRV$LTQIY¶LI 6.10 Securities repurchased/resold under buy back arrangement
ÈG3L)LXG3L¶LLTBELTNVEI&LXZZLY3L*LKGZ¶LLUL3LLH4" are accounted for at original cost.
ZVT OTVW'LPLÈG3LK\LLETÈ¶LLTUVMT0¶LR3*L£ .TGKPTG70U

ZTVOTVGE Y 6.11 The derivatives transactions are undertaken for trading or
hedging purposes. Trading transactions are marked to market.
H4"B 0¶LL*LLGKEZTVOTV$LLULK&LX:¶L*LKH4"B )LLK3LI¶LGKuLP;$L4E
B ETGOLLGVOT; LLVRMLK As per RBI guidelines, different categories of swaps are valued
WOZL$LOZIEIGPG)L£+TGL¶LLTB EL&LX:¶LVGV&VP3L_GE¶LLY¶LLH4 as under: -
316
okf"kZd fjiksVZ
ÈG3LK\LLWOZL$LOZI 6.11.1 Hedge Swaps

$¶LLUOKWOZL$LOZIULT$¶LLUPLHEWLG-3LW'LPLOT¶L3LLEIÈG3LK\LL Interest rate swaps which hedge interest bearing asset or
EK3LLH4>N*LQ¶LWLÉLLK*LKZT<LLBGE3LGE¶LLUL3LLH4>GEMIWLG-3LW'LPL liability are accounted for on accrual basis except the swaps
designated with an asset or liability that are carried at market
OT¶L3LLETML'LWG)LGH3LWOZL$LOZIELT/LT.E K>ULTGPºLI¶LGPPKLI&LTB
value or lower of cost in the financial statement.
$LLULK&LX:¶LW'LPLE&LEI&L3LW'LPL$LLULK&LX:¶L*LKZIUL3LIH4"
WOZL$LOZIEIM&LLG*3L*LKZL)LW'LPLHLGV¶LLTBELTWOZL$LOZIET Gain or losses on the termination of swaps are recognized
over the shorter of the remaining contractual life of the swap
6¶LXV3LK$LEL¶LLMBGPOLY3LUIPVW'LPLWLG-3L!OT¶L3LLEILTLWPGÉL
or the remaining life of the asset/ liabilities.
*LK&LL6¶L3LLOIUL3LIH4"
0¶LL*LLGKEWOZL$LOZI 6.11.2 Trading Swaps
Trading swap transactions are marked to market with changes
0¶LL*LLGKEWOZL$LOZIZTVOTVGKEL8.;GE Y *LGKP3L;VLTBMGH3LGPºLI¶L recorded in the financial statements.
GPPKGL¶LLTB&LTB$LLuLLK&LX:¶LEI3LRZVL&LTBGQG6H3LGE¶LLUL3LLH4"
GPOTLI&LRÇLGPE:*L 6.12 Foreign currency options
GEMIW6¶L$L4BEET ML'L$L4E7X $L4EEBL867T%7ET ML'L$L4BE^LKL Foreign currency options written by the bank with a back-to-
back contract with another bank are not marked to market
GZG<L3LGPOTLI&LRÇLGPE:*L$LLuLLK&LX:¶L*LKVHIB H4>%¶LLTBGECM&LTB
since there is no market risk.
$LLULKULTG<L&LVHIBH4"
ÈL*3LÈIG&L¶L&LELT OT¶L3LLET *L&LTB K<LLY¶LLH4 WL4K*LGK*L%P3LL! Premium received is held as a liability and transferred to the
GVK-3LIEKL*LKZL)LPHLGV<LL3LT&LTBW63LGK3LGE¶LLY¶LLH4" Profit and Loss Account on maturity/cancellation.
GPOTLI&LRÇLMTMB$LBGÉL3LZTVOTVLTBEL*LGKP3L;VWL4KLTL 7. TRANSLATION OF FOREIGN CURRENCY TRANSACTIONS

& BALANCES:
E*LXPP; 3LI;ZBOVG-'L3LLL<LLWLTB ETWGY[&LLTB ELT/LT.E K>GUVEL)LLK3L&LTB
a. Except advances of erstwhile London branches which are
WB3LKLEIG3LG'LELTZLYXGPGV&L¶LOKLTB ETWLÉLLK*LK*LGKP3L;VGE¶LL accounted for at the exchange rate prevailing on the date
Y¶LLH4>)LLK3LI¶LGPOTLI&LRÇL0¶LL*LLKIMB L J2T.LC;
ET&LLY;GVOT; LLTB ET of parking in India, all other monetary assets and liabilities,
WVRMLK3LRZV*LLEIG3LG'L*LKGPGV&L¶LOKLTB ET WLÉLLK*LK&LL4GÇE guarantees, acceptances, endorsements and other obligations
are translated in Indian Rupee equivalent at the exchange
WLG-3L¶LLTB &LTB 3L'LL OT¶L3LLWLT>B YLKBG7¶LLT>B -PI²G3L¶LLT>B *LAsLBEVLTB P W6¶L
rates prevailing as on the Balance Sheet date as per Foreign
OLG¶L3PLTB ELTM&L3LR:¶L)LLK3LI¶L*L¶LT&LTB *LGKP3L3LGE¶LLY¶LLH4" Exchange Dealers’ Association of India (FEDAI) guidelines.
<LWQZWLG-3L¶LLTBMTC3LKY4K&LL4GÇE&LOLTBEL*LGKP3L;VZTVOTVEI b. Non-monetary items other than fixed assets are translated
G3LG'LELTÈ)LLPIGPGV&L¶LOKLTB*LKGE¶LLUL3LLH4" at exchange rate prevailing on the date of transaction.
Y PL¶LOLGPGV&L¶LMBGPOLWLTB ELT )LLK3LI¶LGPOTLI&LRÇL0¶LL*LLGKEMB L c. Forward exchange contracts are translated as on the
^LKL3LRZV*LLEIG3LG'L*LKWGÉLMXGQ3LGPGV&L¶LOK*LK*LGKP3L3L Balance Sheet date at the rates notified by FEDAI and the
resultant gain/loss on translation is taken to Profit & Loss
GE¶LLUL3LLH4WL4KJ2Z-P*L&LX:¶LLBEV*LKHR ZL)L!HLGVELT Account.
ZL)LPHLGV<LL3LT&LTBGO<LL¶LLUL3LLH4"
LWL¶L3L'LL0¶L¶LEI&LOTB ZTVOTVEI3LLKI<LELT ÈQGZ3LGPOTLI d. Income and expenditure items are accounted for at the
exchange rate prevailing on the date of transaction.
GPGV&L¶LOK*LK*LGKP3L3LEIUL3LIH4B"
e. Offices outside India / Offshore Banking Units:
.GPOTLILL<LL B!W*L3L7I¶L$L4BEYCELC¶LLB
i GPOTLILL<LLWL4KW*L3L7I¶L$L4BEY¶LXGV7ET *LGKQLZVLTB ELT i. Operations of foreign branches and off shore
??Y4KM&LLEGZ3LGPOTLI*LGKQLZVLTB&LTBPYI;²3LGE¶LLY¶LLH4 banking unit are classified as “Non-integral foreign
WL4KGPOTL&LTBÈG3LGVGÉLEL¶LL;Z¶LLTBET*LGKQLZVLTBELT??M&LLEGZ3L operations” and operations of representative
GPOTLI*LGKQLZVLTBET*L&LTBPYI;²3LGE¶LLY¶LLH4" offices abroad are classified as “integral foreign
operations”.
ii M&LLEGZ3L GPOTLI *LGKQLZVLTB ET GPOTLI &LRÇL ZTVOTVLTB WL4K
ii. Foreign currency transactions of integral foreign
Y4KM&LLEGZ3LGPOTLI*LGKQLZVLTBELT)LLK3LI¶LMVOIZT<LLELK operations and non-integral foreign operations are
MB-'LLV^LKLULKIZT<LLBEV&LLVE^LKLGE¶LTY¶LTGVÉLL;KL accounted for as prescribed by AS-11.
ETWVRMLKGE¶LLY¶LLH4"
iii Y4KM&LLEGZ3L*LGKQLZVLTBETZL)LHLGVELTGPGV&L¶L L7$L iii. Exchange Fluctuation on Profit / loss of non-integral
ÈLKG\L3LGVGÉL&LTBU&LL! L7LGE¶LLY¶LLH4" operations is credited /debited to exchange fluctuation
reserve.
317
WL¶L*LKEK 8. TAXES ON INCOME
PL; ET GZ EK¶LLT9¶LWL¶LET M&$L6ÉL&LTB MBOT¶LEKEIKLGL*LK Current tax is determined on the amount of tax payable in
respect of taxable income for the year and accordingly
QLZX EKELGVÉLL;KLHLT3LLH4 3L'LL3LOVRMLKEKET GZ ÈLPÉLLV provision for tax is made.
GE¶LLUL3LLH4"
WL-'LGY3LEKÈ)LLKW'LPL¹TG.7EI*LHQLVNVEKOKLTB ELC-3LT&LLZ The deferred tax charge or credit is recognized using the tax
EK3LTHR EIUL3LIH4ULT3LRZV*LLG3LG'L^LKLWGÉLGV¶LG&L3LGE Y W'LPL rates that have been enacted or substantially enacted by the
P-3LR3LWGÉLGV¶LG&L3LGE Y "WLC;MI WLC;^LKLULKIZT<LLBEV&LLVE Balance Sheet date. In terms of Accounting Standard 22 issued
EIL3LL;ÉLIVWL-'LGY3LEKOT¶L3LLETGZ ÈLPÉLLVÈ3¶LTE3LRZV*LLG3LG'L by ICAI, provision for deferred tax liability is made on the basis
*LKM&LI\LLETWLÉLLK*LKGE¶LLUL3LLH4WL4KWL-'LGY3LEKWLG-3L¶LLBETPZ of review at each Balance Sheet date and deferred tax assets
are recognized only if there is virtual certainty of realization
3L)LI&LL6¶LHLT3LIH4B U$L TMIWLG-3L¶LLTB EI)LGP¶L&LTB PMXZIHLTVLPL-3LP&LTB of such assets in future. Deferred tax assets/ liabilities are
MRGVG1L3LHLT3LLH4"WL-'LGY3LEKWLG-3L¶LLB!OT¶L3LLWLTB EI*LRVKI\LLPL;ET reviewed at each Balance Sheet date based on developments
OL4KLVHRC; ÈYG3LETWLÉLLK*LKÈ3¶LTE3LRZV*LLG3LG'LELTEIUL3LIH4" during the year.
E&L;QLKIZL)L 9. EMPLOYMENT BENEFITS

q )LGP¶LGVGÉL • PROVIDENT FUND
)LGP¶LGVGÉL EMR*LGK)LLGL3LWBLOLV¶LLTUVLH4WL4K$L4BE*LXP;GVÉLL;GK3L Provident fund is a defined contribution scheme as the
Bank pays fixed contribution at pre-determined rates. The
OKLTB *LKGVG1L3LWBLOLVEL)LRY3LLVEK3LLH4"$L4BEELOLG¶L3P TMT
obligation of the Bank is limited to such fixed contribution.
GVG1L3LWBLOLV3LEMIG&L3LH4"¶LTWBLOLVPL;ETZL)LPHLGV<LL3LT The contributions are charged to Profit & Loss A/c.
&LTBÈ)LLGK3LGE UL3LTH4B"
• GRATUITY:
q N*LOLV
Gratuity liability is a defined benefit obligation and is provided
N*LOLVOT¶L3LL EMR*LGK)LLGL3LZL)LOLG¶L3PH4WL4K$LI&LLBGE3L&LX:¶LLBEV for on the basis of an actuarial valuation. The scheme is funded
ETWLÉLLK*LKGO¶LLUL3LLH4"¶LH¶LLTUVL$L4BE^LKLGPºL*LLTGL3LH4WL4K by the bank and is managed by a separate trust.
EWZY7-7^LKLQZLC;UL3LIH4"
q *LTBLV • PENSION:
Pension liability is a defined benefit obligation and is provided
*LTBLVOT¶L3LL EMR*LGK)LLGL3LZL)LOLG¶L3PH4WL4K$LI&LLBGEE&LX:¶LLEV for on the basis of an actuarial valuation. The scheme is funded
ET WLÉLLK*LKGO¶LLUL3LLH4"¶LH¶LLTUVL$L4BE^LKLGPºL*LLTGL3LH4 by the bank and is managed by a separate trust.
WL4K EWZY7-7^LKLQZLC;UL3LIH4"
q \LG3L*LXKEWVR*LG-'LG3L¶LLB • COMPENSATED ABSENCES:
Accumulating compensated absences such as Privilege Leave
N*LGQ3L\LG3L*LXKEWVR*LG-'LG3L¶LLBU4MTWU3L/RG7_7¶LLWL4K$LI&LLKIEI (PL) and Sick Leave (including un-availed casual leave) are
/RG7_7¶LL WÈ¶LR%SWLEG-&LE/RG7_7¶LL
$LI&LLBGEE&LX:¶LLEVWLÉLLK provided for based on actuarial valuation.
*LKOIUL3LIH4B"
• OTHER EMPLOYEE BENEFITS:
q E&L;QLKIZL)L
Other Employee Benefits such as Leave Fare Concession
W6¶LE&L;QLKIZL)LU4MT /R77_ IGEKL¶LLGK¶LL¶L3L>GM:PKUR$LZIWPL.;> (LFC), Silver Jubilee Award, Medical Benefits etc. are provided
GQGE3MLZL)LC3¶LLGO$LI&LLBGEE&LX:¶LLBEVETWLÉLLK*LKGE UL3LTH4"B for based on actuarial valuation.
In respect of overseas branches and offices, the benefits
GPOTLI LL<LLWLTB WL4K EL¶LL;Z¶LLTB ET M&$L6ÉL &LTB ÈG3LGV¶LRG%S *LK Y¶LT
in respect of employees other than those on deputation
E&L;QLGK¶LLTB ELT /LT.E K W6¶L E&L;QLGK¶LLTB ET M&$L6ÉL &LTB ZL)LLTB ELT are accounted for as per laws prevailing in the respective
M&$LG6ÉL3LOTLLTB &LTB ÈQGZ3LELVXVLTB ETWVRMLKGHML$L&LTB GZ¶LLUL3LLH4" countries.
WLG-3L¶LLTBEIW*LML&LL6¶L3LL 10. IMPAIRMENT OF ASSETS

Impairment loss, if any, is recognised in accordance with
W*LML&LL6¶LHLGV¶LLT>B ¶LGOH4>B EIWLC;MI WLC; ^LKLCMMB$LBÉL&LTB ULKI the accounting standard issued in this regard by ICAI
ZT<LLBEV&LLVEETWVRMLK*LHQLVEIY¶LIH4WL4K*LRV&LX:; ¶LLBGE3LWLG-3L¶LLTB and impairment loss on any revalued asset is treated as a
*LKWVU;EHLGV¶LLTB ELT*LRV&LX:; ¶LVGYKLP7ET*L&LTB &LLVLY¶LLH4" revaluation decrease.
318
okf"kZd fjiksVZ
KLU-P&LL6¶L3LL 11. REVENUE RECOGNITION

W
L¶L!0¶L¶L *L4KL&LTBMBO)L3L&LOLTBMTG)L£
ELTML&LL6¶L3LN*LQ¶L 11.1 Income / expenditure (other than items referred to in paragraph
11.4) is generally accounted for on accrual basis.
WLÉLLK*LKZT<LLBGE3LGE¶LLUL3LLH4"
)LLK3LI¶LGKuLP;$L4BEET&LLY;GVOT;LLTBETWVRMLKWVU;EWLG-3L¶LLTBMB$LBÉLI 11.2 Income on non-performing assets is recognized on realisation
WL¶LELTNVEIPMXZIHLTVT*LK&LL6¶L3LLOIUL3LIH4" as per RBI guidelines.
WVU;E<LL3LLTB EIPMXGZ¶LL PMXZIELK;PLC; ELÈELK!G-'LG3L!-7TU 11.3 Recoveries in NPA accounts (irrespective of the mode / status
EI*LKPLHGE $LY4K
GV&VGZG<L3LÈL'LG&LE3LL¹&L&LTB GPGV¶LLTGU3L / stage of recovery actions) are appropriated in the following
order of priority:-
EIUL3LIH4
EPMXZIHT3LRN*LGQ3L0¶L¶L!J2R7EK<LQ; *LHZTNQB3LOT¶LLTB&LTBGKEL.; a. Expenditure/out of pocket expenses incurred for recovery
GE¶LTY¶LT
(earlier recorded in memorandum dues);
b. Principal irregularities i.e. NPA outstanding in the account.
<LÈ&LR<LWGV¶LG&L3L3LL¶LTBW'LL;3L_<LL3LT&LTB$LEL¶LL
Y$¶LLUWGV¶LG&L3L3LLWLTB!N*LGQ3L$¶LLUETÈG3L c. Towards the interest irregularities/accrued interest.
E&LILV MKELKIELKLT$LLK*LKE&LILVELT/LT.EK
>WG3LOT¶LG$LZLTB 11.4 Commission (excluding on Government Business), interest on
*LK$¶LLU>GPGV&L¶L>ZL8EKGEKL¶LT>&LQT7$L4BEYZTVOTVLTBMTÈL*3LWL¶L overdue bills, exchange, locker rent, income from merchant
WL4KZL)LLBLWL¶LPMXZI*LK3L'LL$LI&LLOLPLTBELTGV*L7LV*LKZT<LLBGE3L banking transactions and dividend income are accounted
for on realization and insurance claims are accounted for on
GE¶LLUL3LLH4" settlement.
WL¶LEK ET GKJ2B.LTB *LK $¶LLU ET *L &LTB ÈL*3L WL¶L ELT MB$LBGÉL3L 11.5 Income from interest on refund of income tax is accounted for
ÈLGÉLELGK¶LLTB^LKL*LLGK3LWLOTLETPL;&LTBZT<LLBGE3LGE¶LLUL3LLH4" in the year the order is passed by the concerned authority.
W6¶L 12. OTHERS

*LGK*L%P G&L¶LLOI U&LL KLGL¶LLTB *LK WOºL $¶LLU 3L'LL G$LVL OLPT EI 12.1 Interest on unpaid and unclaimed matured term deposits is
accounted for at savings bank rate.
KLGL¶LLTBELZT<LLBEV$LQ3L$L4BEOKLTB*LKGE¶LLUL3LLH4"
319
ZT<LLTB*LKG7**LGL¶LLB NOTES TO ACCOUNTS
1. M&LTGE3LGPºLI¶LGPPKL*LLLTB&LTBGUVWVRLBGY¶LLTB*LKGPQLKGE¶LL 1. The subsidiaries considered in the preparation of the
consolidated financial statements are as under:
Y¶LLH4>PTGV&VGZG<L3LH4B
&LTB
(in %)
EHLYG#3L GV&VGZG<L3LG3LG'L¶LLTBELT
Country of % Voting power held as at
WVRLBYIEB*LVIELVL&L HRC; ÉLLGK3LÈG3LL3L&L3LLGÉLELK Name of the Subsidiary
incorporation
Company 31st March, 31st March,
1. *LI V$LIGY:7MGZG&L7T. )LLK3L 74.07 74.07 2015 2014
1. PNB Gilts Limited* India 74.07 74.07
2. *LI V$LIHLNMY¾2LCVTBMGZG&L7T. )LLK3L 51.00 72.54
2. PNB Housing Finance India 51.00 72.54
Limited
3. *LBUL$LV4LVZ$L4BE CB7KV4LVZ
¶LXET 100.00 100.00 3. Punjab National Bank United 100.00 100.00
GZG&L7T. (International) Ltd. Kingdom
4. *LI V$LICVPT-7&LTB7MPMTU )LLK3L 100.00 100.00 4. PNB Investment India 100.00 100.00
GZG&L7T. Services Ltd.
5. Druk PNB Bank Ltd. Bhutan 51.00 51.00
5. .E*LI V$LI$L4BEGZ )LX7LV 51.00 51.00
6. PNB Insurance Broking India 81.00 81.00
6. *LI V$LI$LI&LLD[LTEYÈLGZ# )LLK3L 81.00 81.00
Pvt Ltd#
7. UT MMI M$LI*LI V$LI EULG<L-SLV 84.375 84.375 7. JSC SB PNB Kazakhstan Kazakhastan 84.375 84.375
EULGE-SLV
* CVEL¶LL;Z¶LLTBETGPºLI¶LGPPKL*LLE&*LVIWGÉLGV¶L&L>ETW63LY;3L)LLK3LETGV¶L6LE * The financial statements of these companies are subject to Supplementary Audit by
PB &LHLZT<LL*LKI\LE^LKLWVR*LXKEZT<LL*LKI\LL*LXKIHLTVT WL4KNVEIGK*LLT7; EIÈLG*3LET the Comptroller & Auditor General of India, under the Companies Act, 2013 and
WÉ¶LLÉLIVH4B" receipt of their report.
# EB*LVIELT M&LL*3LEKVT ET EO&LN#L¶LT ULKHT H4B %¶LLTBGEE&*LVIVT GOVLBE # Steps are being taken for winding up of the company as the license has already
ELTZLCMTBM*LHZTHIPLG*LMEKGO¶LLH4" been surrendered on 14.02.2011.
2. M&LTGE3L GPºLI¶L GPPKL *LLLTB ET GZ GV&VGZG<L3L MH¶LLTYI! 2. Associates / Joint Venture considered in consolidated
MB¶LR%SN*L¹&LLTB*LKGPQLKGE¶LLY¶LLH4 financial statements are as under:
%
(in %)
EHL GV&VGZG<L3LG3LG'L¶LLTBELT Name of the Associate Country of Proportion of ownership
YG#3L -PLG&L3PELÈG3LL3L Company incorporation percentage as at
MH¶LLTYIE&*LVIELVL&L 31st March, 31st March,
HRC; 2015 2014
1. Madhya Bihar Gramin India 35 35
1. &LÉ¶L G$LHLK Y[L&LIL $L4E> *L7VL )LLK3L 35 35 Bank, Patna.
2. Sarva Haryana Gramin India 35 35
2. MP; HGK¶LLLL Y[L&LIL $L4BE> KLTH3LE )LLK3L 35 35
Bank,Rohtak
)LLK3L 35 35 3. Himachal Pradesh India 35 35
3. GH&LLQZ J[OTL Y[L&LIL $L4BE> &LB.I
Gramin Bank, Mandi.
4. *LBUL$L Y[L&LIL $L4BE> E*LXK'LZL )LLK3L 35 35 4. Punjab Gramin Bank, India 35 35
)LLK3L 35 35 Kapurthala.
5. MP; ¶LX*LI Y[L&LIL $L4BE> &LTK# 5. Sarva UP Gramin Bank, India 35 35
6. WMT7_M ET¶LK . GKEB-7%LV Meerut.
)LLK3L 15.30* 30 6. Assets Care & India 15.30* 30
67KÈLCuL GZ* Reconstruction Enterprise
7. PKT-7 $L4BE GZG&L7T. MB¶LR%S Ltd.*
VT*LLZ 20 20 7. Everest Bank Ltd. (Joint Nepal 20 20
N*L¹&L
Venture)
8. ÈGM*LZ *LI V$LI MT7 &L4VTU&LTB7 8. Principal PNB Asset India 21.38 30
)LLK3L 21.38 30 Management Co. Pvt.
EÈLGZ Ltd.
9. ÈGM*LZ7-7IEÈLGZ )LLK3L 30 30 9. Principal Trustee Co. India 30 30
Pvt. Ltd.
10. *LI V$LI &LT7ZLC¾2 CBG.¶LL CB¶LLTKTBM )LLK3L 30 30 10. PNB Metlife India India 30 30
EB*LVI GZ Insurance Company Ltd
* G7**LLIMTWMT7_MET¶LK B.GKEB-7%LV 67KÈLCUGZG&L7T.ELT$L4BEEI * Note: Assets Care & Reconstructions Enterprise Ltd has ceased to be an Associate
MH¶LLTYIMB-'LLEI+TLIMTH7LGOLYLH4%LTBGEJBULDV4LVZD4BEVTWJVILTKLGKSL of the Bank w.e.f. 09.09.2014, since the share holding of Punjab National Bank has
MTEFEKETEKOIH4" reduced to 15.30% from 30%.
*LLOG7**LLI Footnote:
2.1 PKT-7$L4BEGZG&L7T.ELZT<LLBEVPL;H&LLKT$L4BEMTG)L£H4" 2.1 Everest Bank Ltd. follows accounting year different from that of
the Parent.
2.2 PL;ETGZ GV&VGZG<L3LMH¶LLTYI!MB¶LR%SN*L¹&LLTBMTÈL*3L
2.2 The bank’s share in the following Associates / Joint Venture
Y4KZT<LL*LKIG\L3LGPºLI¶LGPPKL*LLLTBETWLÉLLK*LKZT<LLTB&LTB$L4BEET
have been considered in the accounts on the basis of
LT¶LKETGPL¶L&LTBGPQLKGE¶LLY¶LLH4" un-audited financial statements received for the year 2014-15.
320
okf"kZd fjiksVZ
E ÈGM*LZ7-7IE&*LVIÈLGZ a. Principal Trustee Co. Pvt. Ltd.

<L ÈGM*LZ*LI V$LIWMT7&L4VTU&LTB7E&*LVIÈLGZ b. Principal PNB Asset Management Co. Pvt. Ltd.
c. Everest Bank Ltd. Nepal (Joint Venture)
Y PKT-7$L4BEGZVT*LLZ MB¶LR%SN*L¹&L
*LXUIÈLKG\L3LGVGÉL!ML<LELGPPKLGV&VGZG<L3LH4 2.3 The break-up of Capital Reserve/Goodwill is as follows: -

` EKLT.&LTB
(` in Crore)
GPPKL EIG-'LG3L EIG-'LG3L Particulars As on 31.03.2015 As on 31.03.2014
ML<L LX6 LX6 Goodwill NIL NIL
*LXUIÈLKG\L3LGVGÉL 141.07 141.07 Capital Reserves 141.07 141.07
ML<L LR
LX6 LX6 Goodwill (Net) NIL NIL
M&LTEV*LK*LXBUIÈLKG\L3LGVGÉL 102.52 102.52 Capital Reserve on Consolidation 102.52 102.52
$LTG&L¶LLOI $LBÉL*LL!YL4L NÉLLKLTB ET *L &LTB ¹&LL 7I¶LK" WL4K 2.4 Perpetual bonds/subordinated debt raised as Tier I and Tier
7I¶LK""*LXUIGV&VP3LUR7LC;H4" II Capital:
` EKLT.&LTB
(` in Crore)
GPPKL EIG-'LG3L EIG-'LG3L As on As on
Particulars
31.03.2015 31.03.2014
PL;ETOL4KLVZLTWK7I¶LK""*LXUIET Amount of subordinated debt raised as 2077.50 1529.96
*L&LTBUR7LC;YC;YL4LLEIKLGL Lower Tier-II Capital during the year
PL;ETOL4KLVW*LK7I¶LK""*LXUIET LX6 Amount of subordinated debt raised as 200.00 NIL
*L&LTBUR7LC;YC;YL4LLEIKLGL Upper Tier-II Capital during the year
PL;ETOL4KLV7I¶LK"*LXUIET*L&LTB LX6 Amount of perpetual bonds raised as Tier-I 1500 NIL
UR7LC;YC;$LTG&L¶LLOI$LBÉL*LLLTBEIKLGL Capital during the year
$L4BEM&LXHEL*LXUI*L¶LL;*3L3LLWVR*LL3L $LTMZIIWL4K$LTMZIII

3. The capital adequacy ratio (Basel II and Basel III) of the bank
GV&VGZG<L3LH4 group is as under:
$LTMZII Basel II
GPPKL

Particulars (31.03.2015) (31.03.2014)
MIWLK WLK 13.64% 12.69% CRAR% 13.64% 12.69%
MIWLK WLK7I¶LK"*LXBUI
9.90% 9.50% CRAR – Tier I capital (%) 9.90% 9.50%
MIWLK WLK7I¶LK""*LXBUI
3.74% 3.19% CRAR – Tier II capital (%) 3.74% 3.19%
$LTMZIII Basel III

GPPKL

Particulars (31.03.2015) (31.03.2014)
ML&LL6¶LCG%P7I7I¶LK"*LXBUIWVR*LL3L
$LTMZ"""
9.14 9.00 Common equity Tier 1 Capital ratio (%) 9.14 9.00
(Basel- III)
7I¶LK*LXBUIWVR*LL3L
$LTMZ"""
9.67 9.32
7I¶LK*LXBUIWVR*LL3L
$LTMZ"""
3.23 2.79
ERZ*LXBUIWVR*LL3L MIWLK WLK

$LTMZ"""
12.89 12.11
Total Capital ratio (CRAR) (%) (Basel- III) 12.89 12.11
ZT<LL&LLVELTB^LKLW*LTG\L3LÈE7IEKL 4. Disclosures required by Accounting Standards
ZT<LL&LLVE*LXP;WPGÉLWL4KZT<LLBEVVIG3L&LTB*LGKP3L;V 4.1 AS 5 - Prior Period and Change in Accounting Policy.

)LLK3LI¶L MVOI ZT<LLELK MB-'LLV ^LKL ULKI ZT<LL&LLVEETWÉLIV There were no material prior period income/expenditure
items requiring disclosure under AS-5 issued by The Institute
ELTC;&LH3P*LXL;*LXP;WPGÉLWL¶L!0¶L¶LELÈE7IEKLW*LTG\L3LVHIBH4B" of Chartered Accountants of India.
ZT<LL&LLVE&LX:¶LÀLMZT<LLGPGÉL 4.2 AS 6 - Depreciation accounting

PL; &LTB WLG-3L¶LLTB ET È3¶LTE PY; ET GZ GE Y &LX:¶LÀLM EL -Break up of total depreciation for the year for each class of
$¶LL4KL assets
` EKLT.&LTB
(` in Crore)
GPPKL WLG-3L+TLI
ELTM&LL*3LPL; ELTM&LL*3LPL; Year ended Year ended
Particulars (Class of Assets)
*LGKMK 10.53 12.37 31.03.2015 31.03.2014
335.20 320.19 Premises 10.53 12.37
W6¶L WQZ WLG-3L¶LLB
Other fixed assets 335.20 320.19
2.70 1.77
*L7_7T PLZI WLG-3L¶LLB Leased assets 2.70 1.77
32.10 32.29 Computer software 32.10 32.29
E&*¶LX7K ML8¾7PT¶LK
ULT. 380.53 366.62 Total 380.53 366.62
321
ZT<LL&LLVEKLU-P*LHQLV 4.3 AS 9 - Revenue Recognition
GUM WL¶L ELT PMXZI ET WLÉLLK *LK ZT<LLBGE3L GE¶LL Y¶LL H4 NMT The income which has been accounted for on realization
basis are not considered to be material.
&LH3P*LXL;VHIB&LLVLY¶LLH4"
ZT<LL&LLVEGPOTLIGPGV&L¶LOKLTB&LTB*LGKP3L;V 4.4 AS 11- Changes in foreign exchange rates:
GPOTLIGPGV&L¶LN3LLKQLPGVGÉLEI L7$L Movement of Exchange Fluctuation Reserve
GPPKL KLGL ÈKLT.&LTB
Particulars Amount (` In Crore)
WÈ4ZELTLTL Balance as at 1st April 2014 236.23
MTEIWPGÉL&LTBGE¶LL
Credited during the period 1.4.14 to 31.03.2015 63.46
Y¶LL¹TG.7
Withdrawn during the period 3.16
WPGÉLETOL4KLVWLHGK3L
ELTLTL Balance as at 31.03.2015 296.53
ZT<LL&LLVEE&L;QLKIZL)L 4.5 AS 15 – Employees Benefits:

ELWBYIEKL ADOPTION OF AS – 15(R):
$L4E
B VTMT)LLK3LI¶LMVOIZT<LLELKMB-'LLV^LKLULKIZT<LL The Bank has adopted Accounting Standard 15(R) - Employee
&LLVE MBLLTGÉL3L
E&L;QLKIZL)LELTWBYIELKGE¶LLH4" Benefits, issued by the Institute of Chartered Accountants of
India (ICAI), with effect from 1st April 2007.
$L4BEVTZT<LL$LGH¶LLTB&LTB3LRZV*LLG3LG'LELT¶LLTUVLWLG-3L¶LLTBETNGQ3L
&LX:¶LELT L7LEKOT¶L3LLETP3L;&LLV&LX:¶LEIKLGLET*L&LTBE&L;QLKI The Bank recognizes in its books of accounts the liability
arising out of Employee Benefits as the sum of the present
ZL)LLTBMTWL¶LIOT¶L3LLELT&LL6¶LGE¶LLH4" value of obligation as reduced by fair value of plan assets on
the Balance Sheet date.
E&L;QLGK¶LLTB ETGZ *LTB LVGPE:*L<LLTZVL3L'LLN*LOLVMI&LL&LTB PAG OPENING OF PENSION OPTION TO EMPLOYEES AND
PL; ET OL4KLV&LXZ$L4BEVT W*LVT NVE&L;QLGK¶LLTB ET GZ ENHANCEMENT IN GRATUITY LIMITS
*LTBLVGPE:*L<LLTZGO¶LLGU6HLTBVT*LHZT*LTBLV¶LLTUVLETW63LY;3LGPE:*L During the year 2010-11 the Bank reopened the pension
VHIBGO¶LL'LL"CMGPE:*LELÈ¶LLTYGE¶LTULVTET¾2Z-P*L option for such of its employees who had not opted for the
E&L;QLGK¶LLTBETELKL$L4BEEIOT¶L3LL ÈKLT.HRC;H4"CMET pension scheme earlier. As a result of exercise of the option
by 33982 employees, the bank has incurred an additional
WZLPLPL;ETOL4KLVN*LOLV)LRY3LLVWGÉLGV¶L&L>&LTB liability of `.2757.65 crore. Further during the year 2010-
MBLLTÉLVET ¾2Z-P*LE&L;QLGK¶LLTB ELT OT¶LN*LOLVEI&LXZ$L4BEEI 11 the limit of gratuity payable to the employees of the
MI&LL)LI$L Y¶LI'LI"CMET ¾2Z-P*L$L4BEEIN*LOLVOT¶L3LL&LTB banks was also enhanced pursuant to the amendment to
EKLT.EIPAGHRC;"CVWGSGK%SOT¶L3LLWLTB (ÈKLT. the Payment of Gratuity Act, 1972. As a result the gratuity
` EKLT.>ERZ ` EKLT.
EIYLVL$LI&LLBGEE liability of the Bank has increased by `.566.00 crore. These
additional Liabilities (`2757.65 crore +`566.00 crore, total
&LX:¶LLBEVETWLÉLLK*LKEIUL3LIH4" `3323.65 crore) were calculated on the basis of actuarial
ZT<LL &LLVE >E&L;QLKI ZL)L EI W*LT\LLWLTB ET WVRMLK *L¶LT valuation.
EKLT. ELT ZL)L P HLGV <LL3LT &LTB È)LLGK3L GE¶LL ULVL
As per the Accounting Standard (AS) 15, Employee Benefits,
W*LTG\L3L H4" $LHKHLZ>)LLK3LI¶L GKuLP; $L4BE VT MLP;UGVE \LTL ET the entire amount of `3323.65 crore is required to be charged
$L4BELTB ET E&L;QLGK¶LLTB ET GZ *LTBLV GPE:*L *LRV <LLTZVL 3L'LL to the Profit and Loss Account. However, the RBI has issued
N*LOLV MI&LLWLTB &LTB PAGGPPTE*LXL; GPGV¶LL&LE 0¶LPHLKGPL¶L *LK a circular no. DBOD.BP.BC.80/21.04.018/2010-11 dated
J2KPKI>EL *LGK*LL MB<¶LL .I$LIWLT.I$LI*LI$LIMI! 9th February, 2011 on the prudential Regulatory Treatment
consequent upon the Re-opening of Pension Option to
!ULKI GE¶LL H4" N%S *LGK*LL ET ÈLPÉLLVLTB ET WVRMLK
Employees of Public Sector Banks and Enhancement in Gratuity
$L4BE VT CM PL; ET ZL)L HLGV <LL3LT &LTB *L¶LT Limits. In accordance with the provisions of the said Circular,
EKLT. ÈKLT.*LTBLVETGZ WL4KY[T1¶LR7IETGZ ` the Bank had charged off `.664.73 crore (`. 551.53 crore for
EKLT.
EIKLGLQLU; WL8J2EIH4 ULT *L¶LT EKLT. pension and ` 113.20 crore for gratuity) representing one-
EIKLGLEL*LLQPLBGH-ML$LV3LIH4" G*L/ZTPLLT;W'LL;3L_ fifth of `. 3323.65 Crore to Profit & Loss Account for this year
2014-15 (` 2658.92 crore already charged proportionately
MT &LTB *LHZT HIEKLT. QLU; GE ULQRET H4B
"
in previous years i.e. 2010-11 to 2013-14). The transitional
*LTBLVPY[T1¶LX7I-7TB.HT3LR*LKP3LI;OT¶L3LLNMIG3LG'LELT*LXL;È)LLK&LR%S liability for pension and Gratuity stands fully charged off as
EKOIYC;H4" on date.
3L'LLG*L E&LQL;KI GH3LLTB ET GZ ÈLPÉLLV *LXL; PT3LV MBMLÉLV ET WLÉLLK Further the provision for employee benefits has been calculated
*LK $LI&LL ERZ WL¶L MT WLEGZ3L EI Y¶LI H4" by the actuary on basis of pre wage revision salary.
322
okf"kZd fjiksVZ
ETWVRMLKÈE7IEKL DISCLOSURE IN ACCORDANCE WITH AS-15(R):
ZT<LLBEVVIG3LETWVR*L3L'LLZT<LL&LLVE MBLLTGÉL3L
ETWVRMLK In line with the accounting policy and as per the Accounting
E&L;QLKIZL)LET$LLOEIMLK)LX3LG-'LG3LETWVRMLKZL)LLTBELTZL)LP Standard – 15(R), the summarized position of post-employment
benefits are recognized in the Profit & Loss A/c and Balance
HLGV<LL3LTP3LRZV*LL&LTBGV&VGZG<L3L*LMT&LLVLUL3LLH4 Sheet as under:
I - 3LRZV*LLG3LG'LELTÈGM*LZ$LI&LLBGEEÉLLKLL B I - Principal Actuarial Assumptions at the Balance Sheet Date
$LI&LLBGEEÉLLKLL B *LTBLV N*LOLV /R7_7IVEOIEKL Actuarial LEAVE
PENSION GRATUITY
Assumptions ENCASHMENT
31.03.2014 31.03.2015 31.03.2014 31.03.2015 31.03.2014 31.03.2015 31.03.2014 31.03.2015 31.03.2014 31.03.2015 31.03.2014 31.03.2015
G.-ELNB7OK 9.10% 8.03% 9.10% 8.00% 9.10% 8.00% Discount Rate 9.10% 8.03% 9.10% 8.00% 9.10% 8.00%
¶LLTUVLWLG-3L¶LLTBET 8.61% 8.61% 8.61% 8.61% - - Expected Re-
ÈG3L¾2ZEIMB)LLGP3L turn on Plan 8.61% 8.61% 8.61% 8.61% - -
Assets
OK Rate of
PT3LVPAGOK 5.50% 5.50% 5.50% 5.50% 5.50% 5.50% Escalation In 5.50% 5.50% 5.50% 5.50% 5.50% 5.50%
salary
GVELMI 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%
Attrition Rate 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%
Attrition
OK
II - O LG¶L3PLTB *LIPIWLT
ETP3L;&LLV&LX:¶L&LTB*LGKP3L;VW'L3L'LL II - Changes in Present value of the obligation (PVO)-
Reconciliation of Opening & Closing Balance
CG3LLTLLTBELM&LLÉLLV
ÈKLT.&LTB
(ìn Crore)
GPPKL *LTBLV N*LOLV /R7_7IVEOIEKL Particulars LEAVE
PENSION GRATUITY
ENCASHMENT
OLG¶L3PELP3L;&LLV&LX:¶L>
15162.79 2609.52 1289.27
01.04.2014 15162.79 2609.52 1289.27
$¶LLUZLY3L 1342.45 222.47 107.87
Interest Cost 1342.45 222.47 107.87
QLZXMTPLZLY3L 430.46 182.89 41.87
Current Service Cost 430.46 182.89 41.87
ÈOºLZL)L (821.16) (329.48) (207.81)
Benefits paid (821.16) (329.48) (207.81)
OLG¶L3PLTB*LK$LI&LLBGEEHLGV! ZL)L
Actuarial loss / (gain) on ob-
G&LZLVGE Y WLBE.T
2102.86 (265.48) 78.31 ligations (Balancing Figure) 2102.86 (265.48) 78.31
OLG¶L3PELP3L;&LLV&LX:¶L> Present value of Obligation,
18217.4 2419.92 1309.49 31.03.2015 18217.4 2419.92 1309.49
III -
¶LLTUVLWLG-3L¶LLTBETNGQ3L&LX:¶L&LTB*LGKP3L;VW'L3L'LLCG3L III - Changes in the Fair Value of the Plan Assets- Reconciliation
LTLLTBELM&LLÉLLV of Opening & Closing balances:
ÈKLT.&LTB
(ìn Crore)
PENSION GRATUITY
ENCASHMENT
¶LLTUVLWLG-3L¶LLTBELNGQ3L&LX:¶L> 14756.02 2756.05 - FAIR value of Plan Assets, 14756.02 2756.05
¶LLTUVLWLG-3L¶LLTB*LKMB)LLGP3LÈG3L¾2Z 1335.11 233.46 - 01.04.2014 -
Expected return on Plan 1335.11 233.46
$L4BE^LKLWBLOLV>E&L;QLKI 2322.08 240.33 207.74
assets -
ÈOºLZL)L (821.16) (329.48) (207.74) Contributions by Bank, 2322.08 240.33 207.74
¶LLTUVLWLG-3L¶LLTB*LK$LI&LLEE HLGV
!ZL)L (219.04) (63.96) employees
Benefits Paid (821.16) (329.48) (207.74)
G&LZLVGE Y WLBE.TB - Actuarial (loss) / gain on Plan (219.04) (63.96)
¶LLTUVLWLG-3L¶LLTBELNGQ3L&LX:¶L> 17373.01 2836.4 Assets(Balancing Figure) -
FAIR value of Plan Assets, 17373.01 2836.4
- 31.03.2015 -
IV -¶LLTUVLWLG-3L¶LLTB*LKPL-3LGPEÈG3L¾2Z IV - Actual Return on Plan Assets

ÈKLT.&LTB
(ìn Crore)
PENSION GRATUITY
ENCASHMENT
¶LLTUVLWLG-3L¶LLTB*LKMB)LLGP3LÈG3L¾2Z 1335.11 233.46 - Expected return on Plan 1335.11 233.46 -
¶LLTUVLWLG-3L¶LLTB*LK$LI&LLBGEE HLGV
!ZL)L (219.04) (63.96) - Assets
Actuarial (loss) / gain on Plan (219.04) (63.96) -
¶LLTUVLWLG-3L¶LLTB*LKPL-3LGPEÈG3L¾2Z 1116.07 169.50 - Assets
Actual Return on Plan Assets 1116.07 169.50 -
323
V - &LL6¶LLR$LI&LLBGEE ZL)L
!HLGV V - Net Actuarial (Gain) / loss Recognized
ÈKLT.&LTB
(ìn Crore)
/R7_7I Particulars LEAVE
GPPKL *LTBLV N*LOLV PENSION GRATUITY
VEOIEKL ENCASHMENT
OLG¶L3P*LK$LI&LLBGEE HLGV
!ZL)L (2102.86) 265.48 (78.21) Actuarial gain / (loss) for the (2102.86) 265.48 (78.21)
¶LLTUVLWLG-3L¶LLTB*LK$LI&LLBGEE HLGV
!ZL)L (219.04) (63.96) - period - Obligations
Actuarial gain / (loss) for the (219.04) (63.96) -
WPGÉLETGZ ERZ ZL)L
!HLGV 2321.90 (201.52) 78.21 period - Plan Assets
Total (Gain) / Loss for the 2321.90 (201.52) 78.21
period
WPGÉL&LTB&LL6¶L$LI&LLBGEE ZL)L
W'LPL 2321.90 (201.52) 78.21 Actuarial (gain) or loss 2321.90 (201.52) 78.21
HLGV recognised in the period
PL;ETWB3L&LTB&LL6¶L$LI&LLBGEE ZL)L
!HLGV 0.00 0.00 0.00 Unrecognised Actuarial (gain) 0.00 0.00 0.00
/ loss at the end of the year
VI -3LRZV*LL&LTB&LL6¶LKLGLWL4KMB$LGPZTLL VI - Amount recognised in Balance Sheet and related analysis

ÈKLT.&LTB
(ìn Crore)
GPPKL *LTBLV N*LOLV /R7_7IVEOIEKL LEAVE
Particulars PENSION GRATUITY
ENCASHMENT
OLG¶L3PLTBELP3L;&LLV&LX:¶L>
18217.4 2419.92 1308.69 Present value of Obligation,
31.03.2015 18217.4 2419.92 1308.69
¶LLTUVLWLG-3L¶LLTBELNGQ3L
FAIR value of Plan Assets,
&LX:¶L> 17373.01 2836.4 0
31.03.2015 17373.01 2836.4 0
WB3LK 844.39 (416.57) 1308.25
Difference 844.39 (416.57) 1308.25
W&LL6¶LMB¹&LLLIZOT¶L3LL 0 0.09 0
Unrecognised Transitional
W&LL6¶LGPY3LMTPLZLY3L Liability 0 0.09 0
Y4KGVGH3LZL)LWLYTZT Unrecognised Past Service
UL¶LLY¶LL 0 0 0 cost - vested benefits - Carried
3LRZV*LL&LTB&LL6¶LOT¶L3LL 844.39 - 1308.25 Forward 0 0 0
Liability Recognised in the
844.39 - 1308.25
ET*L4KLETWB3LY;3L Balance Sheet
VELKL3&LEKLGL 0 (416.57) 0 Negative amount determined
N*LZ$ÉL)LLPIE7L43LIWL4K under Paragraph 55 of AS-15
(R) 0 (416.57) 0
PL*LMIETWBLOLVEL
P3L;&LLV&LX:¶L 0 416.57 0 Present value of available
refunds and reductions in
future contributions 0 416.57 0
ET*L4KL DI
ET
Resulting asset as per
W63LY;3L&LL6¶LWLG-3L¶LL 0 416.57 0 Paragraph 59 (b) of AS-15 ( R ) 0 416.57 0
VII - ZL)LPHLGV<LL3LT&LTB&LL6¶L0¶L¶L VII - Expense recognised in Profit and loss statement

ÈKLT.&LTB
(ìn Crore)
PENSION GRATUITY
QLZXMTPLZLY3L 430.46 182.89 41.61 ENCASHMENT
$¶LLUZLY3L 1342.45 222.47 107.83 Current Service Cost 430.46 182.89 41.61
¶LLTUVLWLG-3L¶LLTB*LKMB)LLGP3L Interest cost 1342.45 222.47 107.83
ÈG3L¾2Z (1335.11) (233.46) 0 Expected return on Plan assets (1335.11) (233.46) 0
PL;&LTBLR&LL6¶L$LI&LLBGEE
Net Actuarial (gain) / loss
ZL)L
W'LPLHLGV 2321.90 (201.52) 78.21 recognised in the year 2321.90 (201.52) 78.21
&LL6¶LGPY3LMTPLZLY3L
551.53 113.20 0 Past Service Cost-Recognised 551.53 113.20 0
ZL)LPHLGVGPPKLI&LTB
Expenses recognised in the
&LL6¶L0¶L¶L statement of profit and loss 3311.23 83.58 227.64
3311.23 83.58 227.64
324
okf"kZd fjiksVZ
VIII -3LRZV*LL&LTB&LL6¶LKLGLWL4KMB$LGPZTLL VIII- Movement in Net Liability to be recognised in Balance

Sheet
ÈKLT.&LTB
(ìn Crore)
PENSION GRATUITY
ÈLKG&)LELROT¶L3LL ENCASHMENT
(144.76) (259.73) 1288.79
Opening Net Liability (144.76) (259.73) 1288.79
0¶L¶L 3311.23 83.58 227.64 Expenses 3311.23 83.58 227.64
ÈOºLWBLOLV (2322.08) (240.33) (207.74) Contributions Paid (2322.08) (240.33) (207.74)
Closing Net Liability (Liability 844.39 (416.48) 1308.69
WBG3L&LLROT¶L3LL QLZXWPGÉL&LTB 844.39 (416.48) 1308.69 recognised in B/S in current
3LRZV*LL&LTB&LL6¶LOT¶L3LL
period)
IX - P3L;&LLVWPGÉLETGZ KLGL IX -Amount for the current Period

ÈKLT.&LTB
(ìn Crore)
GPPKL *LTBLV N*LOLV /R7_7IVEOIEKL Particulars PENSION GRATUITY LEAVE
OLG¶L3PLTBELP3L;&LLV&LX:¶L> 18217.40 2419.92 1308.69 ENCASHMENT
Present value of Obligation, 18217.40 2419.92 1308.69
¶LLTUVLWLG-3L¶LLTBELNGQ3L&LX:¶L> 17373.01 2836.4 0 31.03.2015
FAIR value of Plan Assets, 17373.01 2836.4 0
31.03.2015
)LX3L*LXP;WMBYG#3LMTPLEI&L3LMT*LHZT (844.39) 416.48 (1308.69)
WGÉLLTL! LL7L
Surplus / (Deficit) before (844.39) 416.48 (1308.69)
unrecognised past service cost
¶LLTUVLOT¶L3LLWLTB*LKWVR)LLGP3L 48.45 406.76 (8.66)
Experience Adjustments in Plan 48.45 406.76 (8.66)
M&LL¶LLTUV HLGV
!ZL)L
Liabilities -(loss) / Gain
¶LLTUVLWLG-3L¶LLTB*LKWVR)LLGP3L (219.04) (63.96) 0
Experience Adjustments in (219.04) (63.96) 0
M&LL¶LLTUV HLGV
!ZL)L Plan Assets (loss) / gain
X- ¶LLTUVLWLG-3L¶LLTBEIÈ&LR<L+TGL¶LL ERZ¶LLTUVLWLG-3L¶LLTB X - Major Categories of Plan Assets (as percentage of Total

Plan Assets)
ETÈG3LL3LET*L&LTB
ÈG3LL3L&LTB
(In %age)
GPPKL *LTBLV N*LOLV Particulars PENSION GRATUITY

)LLK3LMKELKEIÈG3L)LXG3L¶LL 12.78 15.45 Government Of India Securities 12.78 15.45
KL5¶LMKELKLTBEIÈG3L)LXG3L¶LL 36.91 33.21 State Government Securities 36.91 33.21
N1QYRLPºLLPLZTEL8*LLT;KT7$LL8. 35.47 35.60 High Quality Corporate Bonds 35.47 35.60
MXQI$LE&*LGV¶LLTBETCG%P7ILT¶LK 0.00 0.00
Equity Shares of listed companies 0.00 0.00
MB*LGºL 0.00 0.00
Property 0.00 0.00
GPLTLU&LL¶LLTUVL B 6.55 6.69
$LI&LLE3LL;^LKLÈ$LBGÉL3LGVGÉL¶LL 7.37 8.86 Special deposit scheme 6.55 6.69
W6¶L$L4BEU&LLKLGL¶LL8B3L'LL Funds managed by Insurer 7.37 8.86
U&LLÈ&LLL*LL 0.92 0.19 Other- Bank Deposits and CDs 0.92 0.19
ULT. 100.00 100.00 TOTAL 100.00 100.00
XI - WLYL&LIPL;ETOL4KLVWBLOLVEL+Ts3L&LWVR&LLV XI - Best estimate of contribution during next year
ÈKLT.&LTB
(ìn Crore)
GPPKL *LTBLV GVGÉLE

N*LOLV GVGÉLE
Particulars
Pension Gratuity
(Funded) (Funded)
WLYL&LIPL;ETOL4KLVWBLOLVEL$L4BEEL
2600.00 500.00 Bank's best estimate of Contribution
+Ts3L&LWVR&LLV during next year 2600.00 500.00
XII - W6¶LOI LL;PGÉLE&L;QLKIZL)L XII – Other long term employee benefits
ÈKLT.&LTB
(ìn Crore)
GPPKL /R7_7I WLEG-&LE GMZPK Sick Leave & Leave Fare Silver Jubilee
VEOIEKL /R7_7IMGH3L UR$LZI$LLTVM Particulars Casual leave concession Bonus
(Unfunded) (unfunded) (unfunded)
Y4KGVGÉLE
$LI&LLKIEI/R7_7I Y4KGVGÉLE
Present Value of Obligation 176.26 124.02 11.76
Y4KGVGÉLE
Opening Balance of 0 0 0
OLG¶L3PELP3L;&LLV&LX:¶L 176.26 124.02 11.76 Transitional Liability
Transitional Liability 0 0 0
MB¹&LLLIZOT¶L3LLELÈLKG&)LELTL 0 0 0 recognized in the year
PL;ETOL4KLV&LL6¶LMB¹&LLLIZOT¶L3LL 0 0 0 Closing Balance Of 0 0 0
MB¹&LLLIZOT¶L3LLELWBG3L&LLTL 0 0 0 Transitional Liability
Liability Recognized in 176.26 124.02 11.76
3LRZV*LL&LTB&LL6¶LOT¶L3LL 176.26 124.02 11.76 balance Sheet
325
GPPKL ÉLLKLLELWLÉLLK Particulars Basis of assumption
G.-ELNB7OK MBLLTGÉL3L ZT<LL &LLVE MB<¶LL ET J4KL WVRMLK OLG¶L3P EI Discount rate Discount rate has been determined
by reference to market yields on the
WVR&LLGV3LL3L;ETWVR*LMKELKI$LBÉL*LLLTB*LK3LRZV*LLEIG3LG'LELT
balance sheet date on Government
$LLuLLKÈLG*3L¶LLTBETMBO)L;^LKLGVG1L3LG.-7LNB7OK3L¶LEIYC;H4" Bonds of term consistent with estimated
term of the obligations as per para 78
of AS15R.
¶LLTUVLWLG-3L¶LLTBET ¶LLTUVLWLG-3L¶LLTB *LKMB)LLGP3LÈG3L¾2ZOKMB$LBGÉL3LOLG¶L3PEI*LXKI Expected rate of return on plan The expected return on plan assets is
ÈG3L¾2ZEI WL¶LR ET GK7VLT ET GZ WPGÉLET WLK&)L&LTB $LLuLLKMB)LLPVLWLTB *LK assets based on market expectations, at the
MB)LLGP3LOK WLÉLLGK3LH4" beginning of the period, for returns over
the entire life of the related obligation.
PT3LV&LTBPAGEIOK )LLPIPT3LVPAGETWVR&LLVLTBETGZ E&L;QLKI$LLuLLK&LTBWL*LX3L PB Rate of escalation in salary The estimates of future salary increases
&LLYU4MTMB$L L7ELTB>&LHBYLC;>PGKs3LL>*LOLT£G3LWLGO*LK$LI&LLBGEE considered in actuarial valuations
&LX:¶LLBEV*LKMBLLTGÉL3LZT<LL&LLVEMB<¶LLET*L4KLMB<¶LL taking into account inflation, seniority,
ETWVRMLKGPQLKGE¶LLY¶LLH4" promotion and other relevant factors
mentioned in paras 83-91 of AS15R.
GVELMIOK GVELMIOKELGVÉLL;KLG*L/ZT WL4KMB)LLGP3L)LLPIWVR)LPLTB MBO)L; Attrition rate Attrition rate has been determined by
reference to past and expected future
^LKLGE¶LLY¶LLH4 WL4KNM&LTB &LA3¶LR ELT /LT.EKE3LR WL%S3LLET experience and includes all types
ELKLHRC;W6¶LM)LIÈELKEIGVELGM¶LLMG&&LGZ3LH4B" of withdrawals other than death but
including those due to disability.
&LLQ;>ELTM&LL*3LPL;ETGZ <LB.PLKGK*LLT7Y 4.6 SEGMENT REPORTING FOR THE YEAR ENDED 31st
È$LBÉLV ^LKL 3L4¶LLK EI YC; 3L'LL ZT<LL*LKI\LELTB ^LKL NM *LK GPPLM MARCH 2015
GE¶LL Y¶LL
(As compiled by the management and relied upon by
Auditors)
`ZL<L&LTB
(` in lacs)
Year Ended Year Ended
ELTM&LL*3LPL; ELTM&LL*3LPL; 31.03.15 31.03.14
SI. (Audited) (Audited)
¹MB GPPKL ZT<LL*LKIG\L3L
ZT<LL*LKIG\L3L
Particulars
No. (Consoli- (Consoli-
M&LTGE3L
M&LTGE3L
dated) dated)
i. <LB.PLKKLU-P i. Segment Revenue

E) 7TUKI 1350437 1199800 a) Treasury 1350437 1199800
<L) EL8*LLT;KT7!HLTZMTZ$L4BEY 2528790 2426788 b) Corporate/Wholesale Banking 2528790 2426788
Y) GK7TZ$L4BEY 1560816 1293454 c) Retail Banking 1560816 1293454
L) W6¶L$L4BEY*LGKQLZV 48399 46801 d) Other Banking Operations 48399 46801
ULT. 5488442 4966843 Total 5488442 4966843
ii. <LB.PLKKLU-P ii. Segment Results
E) 7TUKI 148682 148506 a) Treasury 148682 148506
ULT. 1436796 1330961 Total 1436796 1330961
iii. Y4KWL$LBG73L0¶L¶L 163268 144294 iii. Unallocated Expenses 163268 144294
iv. *LGKQLZVZL)L 1273528 1186667 iv. Operating Profit 1273528 1186667
v. EKHT3LRÈLPÉLLV 107084 143484 v. Provision for Tax 107084 143484
vi. WMLÉLLKL&LOTB - - vi. Extraordinary Items - -
vii. MHL¶LEMB-'LLWLTB &LTB LT¶LKLTB ELWU;V LR
18402 13929 vii. Share of Earnings in Associates 18402 13929
(Net)
viii. W:*LLBLGH3L 12584 5683
viii. Minority Interest 12584 5683
ix. LRZL)L 339959 361707
ix. Net Profit 339959 361707
W6¶LMXQVL
Other Information:
x. <LB.PLKKLU-P x. Segment Assets
326
okf"kZd fjiksVZ
E) 7TUKI 16244582 15563258 a) Treasury 16244582 15563258

N*LULT. 63093224 57108993 Sub Total 63093224 57108993
¥) Y4KWL$LBG73LWLG-3L¶LL 507893 373055 e) Unallocated Assets 507893 373055
ERZWLG-SLB 63601117 57482048 Total Assets 63601117 57482048
xi. <LB.PLKOT¶L3LL B xi. Segment Liabilities
E) 7TUKI 15001441 14427208 a) Treasury 15001441 14427208
N*LULT. 59323404 53672350 Sub Total 59323404 53672350
¥) Y4KWL$LBG73LOT¶L3LL 73769 376 e) Unallocated Liabilities 73769 376
ERZOTSL B 59397173 53672726 Total Liabilities 59397173 53672726
)LLY<L)LL4YLTGZE<LB. Part B – GEOGRAPHIC SEGMENTS

M&LL*3LPL; M&LL*3LPL; Sl. No Particulars Year Ended Year Ended
31.03.2015 31.03.2014
¹MB GPPKL (Audited) (Audited)
ZT<LL*LKIG\L3L
ZT<LL*LKIG\L3L
(Consolidated) (Consolidated)
M&LTGE3L
M&LTGE3L
1. KLU-P 1. Revenue
E) LKTZX 5331471 4809872 a) Domestic 5331471 4809872

<L) WB3LKL;rI¶L 156971 156971 b) International 156971 156971
ULT. 5488442 4966843 Total 5488442 4966843
2. WLG-SL 2. Assets
E) LKTZX 55869636 49750567 a) Domestic 55869636 49750567

b) International 7731481 7731481
<L) WB3LKL;rI¶L 7731481 7731481
Total 63601117 57482048
ULT. 63601117 57482048
VLT7 Note
<LB.PLKOT¶L3LL B NVEIMB$LBGÉL3L<LB.WLG-3L¶LLTB ET WVR*LL3L&LTB GP3LGK3L 1. Segment Liabilities are distributed in the ratio of their respective
Segment Assets.
EIYC;H4B"
2. Figures of the previous period have been re-grouped /
G*L/ZIWPGÉLETWLBE.LTBELT¶L'LLP¶LEJRV;MFXHV!JRV;PYI;EKLEK reclassified wherever necessary to make them comparable.
GOLYLH4"
4.7 Disclosure of Related Parties as per AS –18 issued by ICAI
)LLK3LI¶LMVOIZT<LLELKMB-'LLV^LKLULKIZT<LL&LLVEET Names of the related parties and their relationship with the
WVRMLKÈE7IEKL Bank:
MB$LBGÉL3L*LL7¶LLTBETVL&L3L'LL$L4BEETML'LNVETMB$LBÉL
&LR<¶LÈ$LBÉLVEL&LE Key Management Personnel:
i. +IETWLKEL&L3L>WÉ¶L\L PBÈ$LBÉLGVOTLE 3LE
i. Shri K. R. Kamath, Chairman & Managing Director (up to
27.10.2014).
ii. +I YL4KI LBEK> EL¶L;*LLZE GVOTLE MT È$LBÉL
GVOTLE PB&LR<¶LEL¶L;*LLZEWGÉLELKIELWG3LGK%SÈ)LLK
ii. Shri Gauri Shankar , Executive Director ( Additional charge
of Managing Director & CEO w.e.f. 09.02.2015).
iii.+IETPID[ÄLUIKLP>EL¶L;*LLZEGVOTLE iii. Shri K.V.Brahmaji Rao, Executive Director.
.L8KL&L MMLBYL*LRKT>EL¶L;*LLZEGVOTLE Dr .Ram S.Sangapure, Executive Director
327
WVRLBGY¶LL Subsidiaries:
i. *LI V$LIGY:7_MGZG&L7T. i. PNB Gilts Ltd.
ii.*LI V$LIHLNMYJ2LCVLBMGZG&L7T. ii. PNB Housing Finance Ltd.
iii.*LBUL$LV4LVZ$L4BE CB7KV4LVZ
GZG&L7T.>¶LXET iii. Punjab National Bank (International) Ltd., UK
iv.*LI V$LIC6PT-7&LTB7MPMTUGZG&L7T. iv. PNB Investment Services Ltd
v. .E*LI V$LI$L4BEGZG&L7T.>)LX7LV v. Druk PNB Bank Ltd, Bhutan.
vi.*LI V$LICB¶LLTKTBMD[LTEYÈLCPT7GZG&L7T.* vi. PNB Insurance Broking Pvt Ltd*.
vii.UT MMI M$LI*LI V$LIEuLLG<L-3LLV vii. JSC SB PNB Kazakhstan
MH¶LLTYIMB-'LL B Associates:

i. ÈGM*LZ*LI V$LIWMT7&L4VTU&LTB7E&*LVIÈLGZ i. Principal PNB Asset Management Company Pvt. Ltd.
ii.ÈGM*LZ7-7IE&*LVIÈLGZ ii. Principal Trustee Company Private Limited
iii.*LI V$LI&LT7ZLCJ2CBG.¶LLCB¶LLTKTBME&*LVIGZ iii. PNB Metlife India Insurance CO Ltd
iv.&LÉ¶LG$LHLKY[L&LIL$L4BE>*L7VL iv. Madhya Bihar Gramin Bank, Patna.
v. MP;HGK¶LLLLY[L&LIL$L4BE>KLTH3LE v. Sarva Haryana Gramin Bank, Rohtak
vi.GH&LLQZJ[OTLY[L&LIL$L4BE>&L.I vi. Himachal Pradesh Gramin Bank, Mandi
vii.*LBUL$LY[L&LIL$L4BE>E*LXK'LZL vii. Punjab Gramin Bank, Kapurthala.
viii.MP;¶LX*LIY[L&LIL$L4BE>&LTK# viii. Sarva UP Gramin Bank, Meerut.
* EB*LVI ELT M&LL*3L EKVT ET EO&L N#L¶LT UL KHT H4B %¶LLTBGE E&*LVI VT GOVLBE * Steps are being taken for winding up of the company as the license has
ELTZLCMTBM*LHZTHIPLG*LMEKGO¶LLH4 already been surrendered on 14.02.2011.
G7**LLIMTWMT7_MET¶LK B.GKEB-7%LV 67KÈLCUGZG&L7T. Note: Assets Care & Reconstructions Enterprise Ltd has ceased to be an
Associate of the Bank w.e.f. 09.09.2014, since the share holding of Pun-
ELT $L4BEEIMH¶LLTYIMB-'LLEI+TLIMT H7LGOLYLH4 %LTBGEJBULD jab National Bank has reduced to 15.30% from 30%.
V4LVZD4BEVTWJVILTKLGKSLMTEFEKETEKOIH4"
MB¶LR%SN*L¹&L: Joint Venture:
i. PKT-7$L4BEGZ>VT*LLZ i) Everest Bank Limited, Nepal
328
okf"kZd fjiksVZ
MB$LBGÉL3L*LL7¶LLTBMTZTVOTV `ZL<L&LTB
&LXZ &LR<¶LÈ$LBÉLV
&LO! MH¶LLTYI!MB¶LR%S &LR<¶LÈ$LBÉLV
-PLG&L3PW'LPL WVRLBGY¶LL8B EL&LELTBET ¶LLTY
MB$LBGÉL3L*LL7I; N]&L EL&LE
GV¶LBLLETWVRMLK
GK3LTOLK
WGÉLESF WGÉLESF WGÉLESF WGÉLESF WGÉLESF WGÉLESF
2014-15
2014-15
2014-15
2014-15
2014-15
2014-15
DELLKLGL DELLKLGL DELLKLGL DELLKLGL DELLKLGL DELLKLGL
ZLYXVHI ZLYXVHI ZLYXVHI ZLYXVHI -- -- 100.74 ZLYXVHI ZLYXVHI ZLYXVHI 100.74 ZLYXVHI
*LLGK+G&LE
ZLYXVHI ZLYXVHI ZLYXVHI ZLYXVHI -- -- (121.98) ZLYXVHI ZLYXVHI ZLYXVHI (121.98) ZLYXVHI
NÉLLK ZLYXVHI ZLYXVHI ZLYXVHI ZLYXVHI -- -- - - - - - -

ZLYXVHI ZLYXVHI ZLYXVHI ZLYXVHI 9010.29 _ 4.97 21.29 4.83 25.95 9020.09 47.24
U&LLKLGL¶LL
ZLYXVHI ZLYXVHI ZLYXVHI ZLYXVHI (2488.04) (8274.89) (16.05) (25.56) (36.25) (47.31) (2540.34) (8347.76)
U&LLKLGL¶LLTBEL - - - - - - - -
GV¶LLTUV ZLYXVHI ZLYXVHI ZLYXVHI ZLYXVHI (34678.25) (34678.25) _ _ _ _ (34678.25) (34678.25)
2600.00 _ _ _ 36.12. 36.12 2636.12 36.12
WGY[&L ZLYXVHI ZLYXVHI ZLYXVHI ZLYXVHI (879.67) (4944.50) _ _ (24.22) (24.22) (879.67) (4944.50)
127.83 _ _ _ _ _ 127.83 -
LT¶LK*LXUI&LTB
GVPTL ZLYXVHI ZLYXVHI ZLYXVHI ZLYXVHI _ ZLYXVHI _ ZLYXVHI _ ZLYXVHI _ ZLYXVHI
L*LLLTB&LTB _ _ _ _ _
GVPTL ZLYXVHI ZLYXVHI ZLYXVHI ZLYXVHI _ ZLYXVHI _ ZLYXVHI _ ZLYXVHI _ ZLYXVHI
Y4KGVGÉLE ZLYXVHI ZLYXVHI ZLYXVHI ZLYXVHI _ _ -- -- -- -- -- --

ÈG3L$L3LL B
J[L*SEIYC;
ZIGUBY! QJI -- -- -- -- -- -- -- -- -- -- -- --
0P-'LLTB
ÈLPÉLLVEIYC;
ZIUY!HL¶LK -- -- -- -- -- -- -- -- -- -- -- --
*LQT;uL0¶LP-'LL B
WQZWLG-3L¶LLTB
-- -- -- -- -- -- -- -- -- -- -- --
EL¹¶L
WQZWLG-3L¶LLTB
-- -- -- -- -- -- -- -- -- -- -- --
EIG$L¹I
N*L)LLTYEI
YC;ZIUY!
-- -- -- -- -- -- -- -- -- -- -- --
HL¶LK*LQT;uL
0¶LP-'LL 8B
510.53 _ _ _ _ _ 510.53 -
ÈOºL$¶LLU ZLYXVHI ZLYXVHI ZLYXVHI ZLYXVHI (283.48) ZLYXVHI (0.03) ZLYXVHI -- ZLYXVHI (283.51) ZLYXVHI
_ _ _ _ _ _ _ _
ÈL*3L$¶LLU ZLYXVHI ZLYXVHI ZLYXVHI ZLYXVHI (2287.21) ZLYXVHI ZLYXVHI ZLYXVHI -- (2287.21) ZLYXVHI
_ _ _ _ _ _ _ _
MTPL BÈL*3L
EKVL ZLYXVHI ZLYXVHI ZLYXVHI ZLYXVHI (114.30) ZLYXVHI -- -- -- -- (114.30) ZLYXVHI
MTPL BÈOLV _ _ _ _ _ _ _ _
EKVL ZLYXVHI ZLYXVHI ZLYXVHI ZLYXVHI _ _ _ _ _ _ _ _
_ _ _ _ _ _ _ _
È$LBÉLVMBGPOL B ZLYXVHI ZLYXVHI ZLYXVHI ZLYXVHI (90.00) _ _ _ _ (90.00) ZLYXVHI
11.89 _ _ _ _ _ 11.89 -
ÈL*3LZL)LLBL ZLYXVHI ZLYXVHI ZLYXVHI ZLYXVHI (1933.62) _ _ _ _ _ (1933.62) _
$L4BEÈ)LLK _ _ _ _ _ _ _ _
ÈL*3LE&LILV _ _ _ _ _ _ _ _
*È$L6ÉLV^LKL3L4¶LLK3L'LLÈ&LLGL3L
ELTsELTB&LTBGO Y WLE.TG*L/ZTPL;ETH4B
*WVRLBGY¶LLTBWL4KER/MH¶LLTYIMB-'LLWLTBETML'LHR ZTVOTVELÈE7IEKLZT<LL&LLVE??M&$LG6ÉL3L*LL7I;ÈE7IEKLET*L4KLET&LÎTVUKVHIBGE¶LLY¶LLH4ULTKL5¶L^LKLGV¶LBGL3LN]&LLTBELTNVEI

TMIW6¶LM&$LG6ÉL3L*LL7¶LLTBMTZTVOTV&LTBMTGEMIMTM&$LG6ÉL3LMXQVLOTVTMT/X7OT3LLH4ULTKL5¶L^LKLGV¶LBGL3LHLTB"
329
Transactions with Related Parties*
( ` in Lac )
Items/ Parent** Subsidiaries** Associates/ Joint ventures Key Management Relatives of Key Total
Related Party (as per ownership Personnel Management
or control) Personnel
Maximum Maximum Maximum Maximum Maximum Maximum
2014-15
2014-15
2014-15
2014-15
2014-15
2014-15
amount amount amount amount amount amount
outstanding outstanding outstanding outstanding outstanding outstanding
N.A N.A N.A N.A -- -- 100.74 NA NA NA 100.74 NA

Remuneration
N.A N.A N.A N.A -- -- (121.98) NA NA NA (121.98) NA
Borrowings N.A N.A N.A N.A -- -- - - - - - -
N.A N.A N.A N.A 9010.29 _ 4.97 21.29 4.83 25.95 9020.09 47.24
Deposits
N.A N.A N.A N.A (2488.04) (8274.89) (16.05) (25.56) (36.25) (47.31) (2540.34) (8347.76)
Placement of - - - - - - - -
Deposits N.A N.A N.A N.A (34678.25) (34678.25) _ _ _ _ (34678.25) (34678.25)
2600.00 _ _ _ 36.12. 36.12 2636.12 36.12
Advances N.A N.A N.A N.A (879.67) (4944.50) _ _ (24.22) (24.22) (879.67) (4944.50)
127.83 _ _ _ _ _ 127.83 -
Investments in
share capital N.A N.A N.A N.A _ N.A _ N.A _ N.A _ NA
Investments in _ _ _ _ _
debentures N.A N.A N.A N.A _ NA _ NA _ NA _ NA
Non funded
N.A N.A N.A N.A _ _ -- -- -- -- -- --
Commitments
Leasing/ HP
arrangements -- -- -- -- -- -- -- -- -- -- -- --
availed
Leasing/ HP
arrangements -- -- -- -- -- -- -- -- -- -- -- --
provided
Purchase of
-- -- -- -- -- -- -- -- -- -- -- --
fixed assets
Sale of Fixed
-- -- -- -- -- -- -- -- -- -- -- --
Assets
Leasing/ HP
arrangements -- -- -- -- -- -- -- -- -- -- -- --
availed
510.53 _ _ _ _ _ 510.53 -
Interest paid
N.A N.A N.A N.A (283.48) N.A (0.03) N.A -- N.A (283.51) N.A
Interest _ _ _ _ _ _ _ _
received N.A N.A N.A N.A (2287.21) N.A N.A N.A -- (2287.21) N.A
_ _ _ _ _ _ _ _
Receiving of
Services N.A N.A N.A N.A (114.30) NA -- -- -- -- (114.30) NA
Rendering of _ _ _ _ _ _ _ _
Services N.A N.A N.A N.A _ _ _ _ _ _ _ _
Management _ _ _ _ _ _ _ _
contracts N.A N.A N.A N.A (90.00) _ _ _ _ (90.00) NA
Dividend 11.89 _ _ _ _ _ 11.89 -
received N.A N.A N.A N.A (1933.62) _ _ _ _ _ (1933.62) _
Bank Charges _ _ _ _ _ _ _ _
Commission _ _ _ _ _ _ _ _
Received
* As compiled and certified by the management.
(Figures in brackets relate to previous year)
** The transactions with the subsidiaries and certain associates have not been disclosed in view of para-9 of AS-18 ‘Related Party Disclosure’, which exempts state controlled enterprises from making
any disclosures pertaining to their transactions with other related parties, which are also state controlled.
330
okf"kZd fjiksVZ
*L7_7LTBETGZ ZT<LLBEVZT<LL&LLVE 4.8. Accounting for Leases – AS 19
GPºLI¶L*L7_7T Financial Leases:

a. Original value of assets acquired on financial
E GPºLI¶L*L7_7T*LKZIYC;WLG-3L¶LLTBEL&LXZ&LX:¶L lease and included in other fixed assets
WL4KW6¶LWQZWLG-3L¶LLTB&LTBMG&&LGZ3L (including furniture and fixture): ` 0.42 Crores
*L2VI;QKPGJ2%MQKMGH3L
ÈKLT. The amount of depreciation provided
NM*LKGE Y &LX:¶LÀLMEIÈLPÉLLVEI upto 31.03.2015 thereon: ` 0.42 Crores
KLGL3LE ÈKLT. The written down value as
on 31.03.2015: ` 0.00
ELTW*LGZG<L3L&LX:¶L `
b. Minimum Lease Payment due not
<L EPL;MTWGÉLE&LTB 6¶LXV3L&LMBO¶T L*L7_7L)LRY3LLV ` later than one year: ` 0.00
Y EPL;MTWGÉLEGE63LRPL;MTWGÉLE&LTB MBO¶T L ` c. Minimum Lease Payment due later ` 0.00
than one year but not later than
6¶LXV3L&L*L7_7L)LRY3LLV `
five years:
L PL;ET$LLOMBOT¶L6¶LXV3L&L*L7_7L)LRY3LLV ` d. Minimum Lease Payment due later
¥ *LGKQLZV*L7_7T ` EKLT. than five years: ` 0.00
I
6¶LXV3L&L*L7_7L)LRY3LLV EPL;MTWGÉLEVHIB e. Operating leases: ` 32.66 Crores
HLTVLQLGH " ÈKLT. i. Minimum Lease payment due not
later than 1 year: ` 12.73 crores
II. 6¶LXV3L&L*L7_7L)LRY3LLV EPL;ET$LLOGE63LR
ii. Minimum Lease Payment due later
PL;MTWGÉLEVHIBHLTVLQLGH ÈKLT. than 1 year but not later than 5 years : ` 19.92Crores
ZT<LL&LLVEÈG3LLT¶LKWU;V 4.9. AS 20 - Earnings Per Share
(`) (`)
GPPKL ELT ELT As on As on
Particulars
18.78 101.62 31.03.2015 31.03.2014
ÈG3L LT¶LK WU;V&LXZ3LVR²3L 18.78 101.62 Earnings per Share
Basic 18.78 101.62
EK ET *L1LL3L_ WBL 6¶LX&LKT7K
ET *L 3399.59 3617.07 Diluted * 18.78 101.62
&LTB N*L¶LLTY EI YC; KLGL ÈKLT. &LTB
Amount used as numerator Profit after 3399.59 3617.07
LT¶LKLTB EL WBGE3L &LX:¶L ` 2.00 `!ÈG3L LT¶LK tax (` In Crore)
Nominal value of shares Rs 2.00 10/- per share
HK G.VLTG&LVT7K
ET *L &LTB N*L¶LLTY GE 1810470746* 355946370 Weighted average number of equity 1810470746* 355946370
Y CG%P7I LT¶LKLTB EI )LLGK3L WL4M3L MB<¶LL shares used as the denominator
* The face value of bank’s share was split from `10/- per share to ` 2/- per
$L4BE LT¶LK EL WBGE3L &LX:¶L GOVLBE 19-12-2014 MT ` 10/- LT¶LK MT GP)LGUS EKET
share on 19.12.2014. The number of equity shares given is post split.
` 2/- LT¶LK EK GO¶LL Y¶LL H4" LT¶LKLTB EI MB<¶LL GP)LLUV ET *L1LL3L_ OI Y¶LI H4 "
ZT<LL&LLVEWL¶L*LKEKLTBETMB$LBÉL&LTBZT<LLBEV 4.10 AS 22 - Accounting for Taxes on Income
WL-'LGY3LEKWLG-3L¶LLTB 3L'LLOT¶L3LLWLTB ETÈ&LR<L L7EGV&VGZG<L3LH4B Major components of deferred tax assets and liability are set
out below
ÈKLT.&LTB
(` In Crores)
GPPKL
As on As on
EIG-'LG3L EIG-'LG3L Particulars
31.03.2015 31.03.2014
WL-'LGY3LEKWLG-3L¶LL Deferred Tax Assets
WLLTÉ¶L PBMBGO9ÉLLLTBETGZ ÈLPÉLLV 1408.52 368.50 Provision for bad & doubtful debts 1408.52 368.50
/R7_7IVEOIEKLETGZ ÈLPÉLLV 524.89 539.32 Provision for leave encashment 524.89 539.32
*LTBLVPN*LOLVETGZ ÈLPÉLLV 0.03 LX6 Provision for Pension & Gratuity 0.03 NIL
ÉLLKL$LIETW63LY;3LMLBGPGÉLEOT¶L3LL 0.34 1.10 Statutory Liabilities u/s 43B 0.34 1.10
W6¶L 1.26 14.15 Others 1.26 14.15
ULT. 1935.04 923.07 Total 1935.04 923.07
WL-'LGY3LEKOT¶L3LL B Deferred Tax Liabilities
WQZWLG-3L¶LLTB*LK&LX:¶LÀLM 5.03 18.90 Depreciation on fixed assets 5.03 18.90
WL¶LEKWGÉLGV¶L&LEIÉLLKL
viiiETWB3LY;3L 429.07 309.70 Deduction u/s 36(1)(viii)of income tax 429.07 309.70
E7L43LI Act,1961
W6¶L 21.48 22.25 Others 21.48 22.25
ULT. 455.58 350.85 Total 455.58 350.85
WL-'LGY3LEKWLG-3L¶LL8B! OT¶L3LL
LR 1479.46 572.22 Deferred Tax Assets/ (Liability) – Net 1479.46 572.22
331
ZT<LL&LLVEWLG-3L¶LLTBELWVU;V 4.11 AS 28 - Impairment of Assets
$L4BEEIWLG-3L¶LLTB &LTB *L¶LL;*3LGH-MLGPºLI¶LWLG-3L¶LLTB ELH4 GUV*LK A substantial portion of the bank’s assets comprise of ‘financial
assets’ to which Accounting Standard 28 ‘Impairment of
ZT<LL&LLVE??WLLG-3L¶LLTBELWVU;VZLYXVHIBH4"$L4BEEIKL¶L Assets’ is not applicable. In the opinion of the bank, there is no
&LTB CMEIWLG-3L¶LLTB GUV*LK&LLVEZLYX HLT3LLH4
EIN%S&LLVE impairment of its assets (to which the standard applies) to any
EIL3L;ETWÉLIVW*LTG\L3L*LHQLVETGZ¶LT&LLQ;ELTGEMI material extent as at 31st March 2015 requiring recognition in
terms of the said standard.
&LH3P*LXL;MI&LL3LEWVU;EVHIBH4"
ZT<LL&LLVEÈLPÉLLV>WLEG-&LEOT¶L3LL BWL4KWLEG-&LE 4.12 AS 29 - Provisions, Contingent Liabilities and Contingent
Assets
WLG-3L¶LL8B
i OT¶L3LLWLTBETGZ ÈLPÉLLVLTB&LTB L7$L i. Movement of provisions for liabilities *
(` In Crores)
ÈKLT.&LTB
GPPKL PT3LVM&LL43LTEI ELVXVI&LL&LZT! Salary

Legal cases/
$LL3LQI3LETW63LY;3LPT3LV WLEG-&LE3LL Particulars arrears under
contingencies
$LEL¶LL negotiation
WÈ4Z>ELTLTL 1020 18.21 Balance as at 1st April 2014 1020 18.21
WPGÉLETOL4KLVÈLPÉLLV 630 1.81 Provided during the year 630 1.81
WPGÉLETOL4KLVÈ¶LR%SKLGL¶LLB 0 0
Amounts used during the year 0 0
WPGÉLETOL4KLV*LZ7IY¶LIKLGL 356 1.97
&LLQ;>ELTLTL 1294 18.05 Reversed during the year 356 1.97
$LGHY;&LV!WGVG1L3L3LLEL 0 0 Balance as at 31st March 2015 1294 18.05
M&L¶L Timing of outflow/uncertainties 0 0
* W6¶LETGZ ÈLPÉLLVELT/LT.EK * Excluding provisions for others
ii- ZL)L P HLGV <LL3LT &LTB 0¶L¶L LIL; ET W63LY;3L GO<LL Y ii. Break up of “Provisions and Contingencies” shown under
the head Expenditure in Profit and Loss Account is as
??ÈLPÉLLVLTBPWLEG-&LE3LLWLTBELGPPKLGV&VGZG<L3LH4
follows:
ÈKLT.&LTB
(` In Crore)
GPPKL Particulars
ELTM&LL*3LPL; ELTM&LL*3LPL; 31.03.2015 31.03.2014
-563.69 782.76
GVPTL *LK &LX:¶LÀLM ET GZ ÈLPÉLLV Provisions for depreciation on -563.69 782.76
8262.05 4627.08 investment
WVU;E WLG-3L¶LLTB ET GZ ÈLPÉLLV
0 - Provision towards NPAs 8262.05 4627.08
WVU;E WLG-3L¶LLTB ET GZ ¾ZLT7Y ÈLPÉLLV
)LLK3LI¶L GKuLP; $L4E
B ET ÈLPÉLLVIEKL Floating provisions for NPAs (over and 0 -
&LLVO.LTB MT WGÉLE
above RBI provisioning norms)
437.68 531.75 Provision towards Standard Assets 437.68 531.75
&LLVE WLG-3L¶LLTB ET GZ ÈLPÉLLV
1055.67 1434.84 Provision made towards Income Tax 1055.67 1434.84
WL¶LEK ET GZ GE¶LL Y¶LL ÈLPÉLLV *L2
(including FBT & Wealth Tax )
$LI 7I 3L'LL MB*LOLEK MGH3L
183.15 955.63 Others Provision & Contingencies 183.15 955.63

W6¶L ÈLPÉLLV PB WLEG-&LE3LL B
ULT. 9374.86 8332.06 Total 9374.86 8332.06
¾ZLT7YÈLPÉLLVLTBELGPPKLGV&VGZG<L3LH4 4.13 Break-up of Floating Provisions is as follows:
ÈKLT.&LTB
(` in crore)
Opening balance as on 758.29 1103.03
!ELTÈLKG&)LELTL 758.29 1103.03 01.04.2014/01.04.2013
Quantum of floating provisions made during 0 10.12
PL;ETOL4KLVGE¶LTY¶LT¾ZLT7YÈLPÉLLVEI&LLLL 0 10.12 the year
Purpose and amount of draw down made 398.04 354.86
PL;ETOL4KLVWLHGK3LKLGLELNÎT¶L 398.04 354.86
during the year
!ELTWG63L&LLTL 360.25 758.29 Closing balance as on 360.25 758.29
31.03.2015/31.03.2014
WLEG-&LEOT¶L3LLWLTB*LKWVRMXQIOT<LTB 4.14 Refer Schedule-12 on Contingent Liabilities
Such liabilities are dependent upon, the outcome of Court/
TMIOT¶L3LL B6¶LL¶LLZ¶L!*LBQL7!6¶LL¶LLZ¶LMT$LLHKM&LL43LLTB>W*LIZLTBET arbitration/out of court settlement, disposal of appeals, and
GV*L7LV3L'LL&LLYIY¶LIKLGL>MBGPOLY3LOLG¶L3PLTBEIL3LLTMB$L*LL7¶LLTB the amount being called up, terms of contractual obligations,
^LKLEIY¶LI3L'LLN#L¶LIY¶LI&LLYLTB*LK¹&LLWLÉLLGK3LH4B" TMT&LL&LZLTB devolvement and raising of demand by concerned parties,
&LTBELTC;ÈG3L*LX3LÈ3¶LLGL3LVHIBH4" respectively. No reimbursement is expected in such cases.
332
okf"kZd fjiksVZ
$L4BE ET ¶LXVLC7T. EY.&L &LTB GV¶LBLE ÈX.TBGM¶LZ GPGV¶LL&LE 4.15 The Bank has issued a Letter of Comfort to Prudential
ÈLGÉLEKL *LIWLK
ELT¶LXETG-'L3LW*LVIWVRLBYI*LBUL$LV4LVZ Regulation Authority (PRA), the regulator in United Kingdom,
$L4BE CB7KV4LVZ
GZG&L7T.ETMB$LBÉL&LTB EQREL43LIWLPLMV committing that the bank shall provide financial support to
its subsidiary, Punjab National Bank (International) Ltd.,
*LLULKIGE¶LLH4 GUM&LTB CM$LL3LELWLPLMVGO¶LLY¶LLH4
UK so that it meets its financial commitments as and when
GE¶LGO*LBUL$LV4LVZ$L4BE CB7KV4LVZ
GZG&L7T.>¶LXETW*LVI they fall due. However, no financial obligation has arisen
GPºLI¶LÈG3L$L3LL B*LXKIVEK*LL¶LL3LLT$L4BENMTGPºLI¶LMHL¶L3LL out of such arrangement during the financial year ending
ÈOLVEKTYL"$LHKHLZ>&LLQ;>EIG-'LG3LETWVRMLK 31st March 2015.
TMIGEMIGPºLI¶LÈG3L$L3LLEIG-'LG3LVHIBN)LKIH4"
The detail of Letters of Comfort / Letters of undertaking issued
GOVLBE&LLQ;>3LEULKIGE Y WLPLMV*LL!PQV*LL and outstanding as at 31st March, 2015.
EL$¶LL4KL
ÈKLT.&LTB
(` In Crores)
&LTBULKIGE Y WLPLMV*LL!PQV*LL 43097 Letter of Comforts (LOC)/ Letter of Undertaking (LoU) 43097
ETOL4KLV*LGK*L%P!GVK-3LWLPLMV*LL!PQV*LL 20147 issued during 2014-15
LoC / LoU matured / cancelled during 2014-15 20147
ELT$LEL¶LLWLPLMV*LL!PQV*LL 22960* LoC / LoU outstanding as at 31.03.2015 22960*
* -PI²3L 7T. ¹TG.7 GZG&L7_M ET WB3LY;3L ULKI N*LKGZG<L3L WLPLMV *LL!PQV *LL 3L'LL * The above mentioned LoC / LoU have been issued within the sanctioned Trade
$L4BE EI $L4ZTBM LI7 ET LIL; -PI²G3L> *LAsLBEV PB W6¶L OLG¶L3P &LTB WLEG-&LE Credit Limits and forms an integral part of the contingent liabilities reported in
the Bank’s Balance Sheet under the Head – Acceptance, Endorsements and other
OT¶L3LLWLTB EL WG)L£ WBY H4B" Obligations.
W6¶LG7**LGL¶LLB 5. Other Notes
E ÈKLT. GVPZ&LX:¶LÀLM L7LEK
G*L/ZTPL;ÈKLT. a. Premises include properties amounting to `2.99 crore
(Net of Depreciation) (previous year `4.34 crore) {Cost
*L¶LT
ZLY3LEKLT.
G*L/ZTPL;EKLT.
EIKLGL
`7.47crores} (previous year `8.70 crore) are awaiting
EIM&*LGºLM&LT3L*LGKMKLTBETGZ 7LC7Z.I._MEL*LBUIEKLGE registration of title deeds. Premises include capital
ULVTEIÈ3LI\LLH4"*LGKMKLTB&LTBÈKLT. G*L/ZTPL;` work in progress of `77.24 crore (previous year `26.63
EKLT.
EL*LXUIY3LÈYG3LEL¶L;MG&&LGZ3LH4" crore)
b. During the year the parent bank has allotted 44207317
<LPL;ETOL4KLV&LXZ$L4EB VTM&L¶LM&L¶L*LKMBLLTGÉL3LMT$LIGPGV¶L&L equity shares of `2/- each to Government of India at
ETWÉ¶LL¶LVII MT$LIWLC;MI.IWLKGPGV¶L&L
ETWVRMLKGVOTLE a premium of ` 194.80 per share as determined by the
&L.Z^LKLGE¶LTY¶LTGVL;¶LLTB ETWVR*LWGÉL&LL6¶LWLÉLLK*LK ` !EL Board in terms of the Chapter VII of the SEBI (ICDR)
È3¶LTECG%P7ILT¶LK`È3¶LTELT¶LKETÈIG&L¶L&L*LK)LLK3LMKELK Regulations, 2009, as amended from time to time on
preferential basis. The total amount received by the bank
ELTCG%P7ILT¶LKWL$LBG73LGE " TMLGE¶LTULVTMT$L4E B on this account is `.870 crores which includes ` 8.84
ELTERZ*LXU IKLGL` EKLT. ÈL*3LHRC; GUM&LTB CG%P7I*LXU
B IET*L crores as equity capital and ` 861.16 crores as premium.
&LTB ` EKLT. WL4KÈIG&L¶L&L*L&LTB ÈKLT. LLG&LZH4"*LGK Consequently the Government holding has increased to
LL&L-P*LMKELKEILT¶LKÉLLGK3LLWGÉL&LL6¶L3LLWL$LB7V*LXP; EI 59.86 % as against 58.87% before preferential allotment.
3LRZVL&LTB W$LH4"
U
HL EHIB WLP¶LE M&LL Y¶LL H4 Y3L PL; CMI WPGÉL ET WVR*L 6. Figures of the corresponding previous year have been
regrouped/ rearranged/reclassified wherever considered
WLE.LTBEL*LRV;M&LXHV!*LRV;0¶LP-'LLJV!*LRV;PYI;EKLEKGZ¶LLY¶LLH4"
necessary.
333
&LLQ;ELTM&LL*3LPL;ET3LRZV*LLETML'LMBZ9VM&LTGE3LVEOIÈPLHGPPKL*LL
CONSOLIDATED CASH FLOW STATEMENT ANNEXED TO THE BALANCE SHEET FOR THE
YEAR ENDED 31ST MARCH’ 2015
KLGLÈKLT.&LTB
(Figures ` in Crore)
&LLQ;
31st March 2014-15 2013-14
GPPKL
Particulars
W *LGKQLZVEL¶L;EZL*LLTBMTVEOIÈPLH È¶LR%S
A. Cash Flow from/(used in) Operating Activities
(i) EKET*L1LL3L_LRZL)L 3,341.41 3,534.62

Net Profit after Tax
ULTG. MH¶LLTYIEB*LGV¶LLTB&LTBWU;VELWBL 184.02 139.29
Add: Share of earning in Associates
W:*LLBLGH3LMT*LXP;LRZL)L 3,525.43 3,673.91
Net Profit before Minority Interest
ULTG. EKETGZ ÈLPÉLLV WLG-'LY3LEKELT/LT.EK

1,070.84 1,434.84
Add: Provision for Tax (Net of deferred tax)
EKLTBMT*LXP;ZL)L (i)
4,596.27 5,108.75
Proift before Taxes
(ii) GV&VGZG<L3LETGZ M&LL¶LLTUV

Adjustment for :
WQZWLG-3L¶LLTB*LK&LX:¶LÀLM 404.62 387.30

Depreciation on fixed assets
L7LC *LRV&LX;:¶LLBEVÈLKG\L3LGVGÉLMTWLHGK3LKLGL (20.63) (20.67)
Less : Amount drawn from Revaluation Reserve
WVU;EWLG-3L¶LLTBETGZ ÈLPÉLLV 8,238.90 4,627.08
Provision for Non-performing assets
&LLVEWLG-3L¶LLTB*LKÈLPÉLLV 551.35 1,420.03
Provision on Standard Assets
GVPTLLTB LR
*LKÈLPÉLLV (585.55) 710.17
Provision on Investments (net)
W6¶LÈLPÉLLV LR
156.70 144.06
Other Provisions (net)
WVRLBYI!W6¶LMTZL)LLBL GVPTLEL¶L;EZL*L
- -
Dividend from Subsidiary / Others (Investing Activity)
$LL8.LTBMT$¶LLU GPºLI¶LEL¶L;EZL*L
1,224.27 939.43
Interest on Bonds (Financing Activity)
WQZWLG-3L¶LLTBEIG$L¹IMTZL)L!HLGV LR
(3.07) (4.82)
Profit / (Loss) on sale of Fixed Assets ( net )
(ii) 9,966.59 8,202.58
*LGKQLZVWLG-3L¶LLTBPOT¶L3LLWLTB&LTB*LGKP3L;VLTB ( i+ii)
MT*LXP;*LGKQLZVZL)L 14,562.86 13,311.33
Operating Profit before Changes in Operating Assets and
Liabilities
(iii) *LGKQLZVWLG-3L¶LLTBPOT¶L3LLWLTB&LTBLR*LGKP3L;V
ETGZ M&LL¶LLTUV
Adjustment for net change in Operating Assets and
Liabilities
334
okf"kZd fjiksVZ
KLGLÈKLT.&LTB
&LLQ;
31st March 2014-15 2013-14
GVPTLLTB&LTBE&LI! PAG
(6,625.86) (15,328.77)
Decrease / (Increase) in Investments
WGY[&LLTB&LTBE&LI! PAG
(46,779.75) (50,411.15)
Decrease / (Increase) in Advances
W6¶LWLG-3L¶LLTB&LTBE&LI! PAG
(2,036.01) 1,089.06
Decrease / (Increase) in Other Assets
U&LLKLGL¶LLTB&LTBPAG! E&LI
54,041.90 62,203.36
Increase / (Decrease) in Deposits
NÉLLKLTB&LTBPAG! E&LI
(7,219.46) 8,031.27
Increase / (Decrease) in Borrowings
W6¶LOT¶L3LLWLTBPÈLPÉLLVLTB&LTBPAG! E&LI
1,426.26 (263.74)
Increase / (Decrease) in Other Liabilities & Provisions
(iii) (7,192.92) 5,320.04
*LGKQLZVLTBMTN3*L£VEOI ( i+ii+iii) 7,369.94 18631.37

Cash generated from Operations
ÈOºLEK PL*LMIELT/LT.EK
(2,556.34) (1,725.28)
Tax Paid (net of refund )
*LGKQLZVEL¶L;EZL*LLTBMTLRVEOI W
4,813.60 16,906.09
Net Cash used in Operating Activities (A)
WL GVPTLEL¶L;EZL*LLTBMTVEOIÈPLH È¶LR%S

B. Cash Flow from/(used in) Investing Activities
WQZWLG-3L¶LLTBEI<LKIO G$L¹IELT/LT.EK
(546.25) (429.88)
Purchase of Fixed Assets (net of Sales)
WVRLBGY¶LLTB!MB¶LR%SN]&LLTB!\LTY[L$L4BELTBMTÈL*3LZL)LLBL - -
Dividend recd from Subsidiaries / JV / RRBs
WVRLBGY¶LLTB!MB¶LR%SN]&LLTB!\LTY[L$L4BELTB&LTBGVPTL (325.55) 127.88
Investment (Disinvestment) in Subsidaries / JV / RRBs
W6¶LGVPTL - -
Other Investments
GVPTLEL¶L;EZL*LLTB&LTBÈ¶LR%SLRVEOI WL
(871.80) (302.00)
Net Cash used in investing Activities (B)
C GPºLI¶LVEL¶L;EZL*LLTBMTVEOIÈPLH È¶LR%S

C. Cash Flow from /(used in)Financing Activities
LT¶LK*LXUI ÈIG&L¶L&LMGH3L
1,326.84 643.30
Issue of share capital (incl Share Premium)
ULKI!*LRV<L;KIO$LL. 7I¶LK"P7I¶LKII
7,390.91 3,912.09
Issue/(Redemption) of Bonds (Tier I & Tier II)
$LL8.LTB*LKÈOºL$¶LLU 7I¶LK"P7I¶LKII
(1,224.27) (939.43)
Interest paid on Bonds(Tier I,II)
ZL)LLBLEL)LRY3LLV ZL)LLBL*LKEKMGH3L
(42.05) (1,487.09)
Payments of Dividends (incl tax on Dividend)
GPºLI¶LVEL¶L;EZL*LLTBMTLRVEOI È¶LR%S
C
7,451.43 2,128.87
Net Cash used in Financing Activities (C)
C; VEOI3L'LLVEOI3LR:¶LLTB&LTBLR*LGKP3L;V WWLC
11,393.23 18,732.96
D Net Change in Cash and Cash Equivalents ( A+B+C )
PL;ETWLK&)L&LTBVEOI3L'LLVEOI3LR:¶L
Cash and Cash Equivalents at the beginning of the year
335
KLGLÈKLT.&LTB
&LLQ;
31st March 2014-15 2013-14
VEOIWL4K)LLK3LI¶LGKuLP;$L4BEET*LLMLTL 22,406.14 17929.51
$L4BELTBET*LLMLTLWL4K&LLYPW:*LMXQVL*LKÈL*¶LÉLV 24,459.85 46,865.99 10203.52 28,133.03
PL;ETWB3L&LTBVEOI3L'LLVEOI3LR:¶L
Cash and Cash Equivalents at the end of the year
VEOIWL4K)LLK3LI¶LGKuLP;$L4BEET*LLMLTL 24,435.78 22406.14
$L4BELTBET*LLMLTLWL4K&LLYPW:*LMXQVL*LKÈL*¶LÉLV 33,823.44 58,259.22 24459.85 46,865.99
11,393.23 18,732.96
G7**LLI
Notes :-
1 ÈOºLÈ3¶L\LEKLTB PL*LMIELT/LT.EK
ELT*LGKQLZVEL¶L;EZL*LLTBMTNjz3L&LLVLY¶LLH43L'LLC6HTBGVPTL3L'LLGPºLI¶LVEL¶L;EZL*LLTBET&LÉ¶LGP)L%SVHIBGE¶LLY¶LL
H4"
Direct taxes paid (net of refund) are treated as arising from operating activities and are not bifurcated between investing and financing activities.
2 L7L&LTBGO Y M)LIWLBE.T?VEOI$LLÂOLL;3LTH4B"
All figures in minus represents "Cash Out Flow"

YL4KILBEK
GAURI SHANKAR

GVOTLEGVOTLEGVOTLE
GVOTLE GVOTLE
DIRECTOR DIRECTOR

336
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ETÈÉLLVMLTOLK
K&LTLE*LXKMLTOLK


&L*LI/LUTOMLTOLK
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GOVLBE!!
Date : 08/05/2015
-'LLVVC;GO:ZI
Place : New Delhi
337
JBULDV4LVZD4BEETMFTGESGPºLIGPPKLJLLTB INDEPENDENT AUDITORS’ REPORT ON
JKZT<LLJKI\LELTBEI-PSBLGKJLT7; CONSOLIDATED FINANCIAL STATEMENTS
OF PUNJAB NATIONAL BANK GROUP
MTPLFTB
To
GVOTLEFB.ZJBULDV4LVZD4BE The Board of Directors of Punjab National Bank,
HFVTJBULDV4LVZD4E B >NMEIWVRLBGYLT>B MHLELTB WL4KMB%R SN]FLTB 1. We have audited the attached Consolidated Balance Sheet
JI VDIMFXH
ETFLQ;>ETMBZ9VSRZVJLWL4KN%SGSG'LELT of Punjab National Bank, its subsidiaries, associates and
MFL*SPL;ETMFTGESZL)LHLGV<LLSTS'LLVEOIJ[PLHEIZT<LLJKI\LL Joint Venture (collectively known as PNB Group) as at 31st
March 2015, the Consolidated Profit and Loss Account and
EIH4 S'LLFH3PJXL; ZT<LLBEVVIGSLTB ELMB\LTJWL4KW60L<L3FE the Consolidated Cash Flow Statement for the year ended on
MXQVLCMETML'LMBZ9VH4>GUMFTB GV&VGZG<LSLLGFZH4B that date and a summary of significant accounting policies
i HFLKIZT<LLJKI\LLGKJLT7; GOVLBEFC;>^LKLHFLKT ^LKL and other explanatory information annexed thereto, in which
the following are incorporated:
ZT<LLJKIG\LSJBULDV4LVZD4BE D4BE
ETZT<LLJKIG\LSZT<LT>
i. Audited accounts of Punjab National Bank (The Bank),
ii W6ZT<LLJKI\LELTB^LKLWVRLBGYLTBWL4KMHLEET ZT<LL audited by us, vide our audit report dated May 08,
JKIG\LSZT<LT> 2015,
iiiMHLTGYLTBWL4KMBR%SN]FETY4KZT<LLJKIG\LSZT<LT" ii. Audited accounts of 7 Subsidiaries and 1 associate,
audited by other auditors and
HFVT CVWVRLBGYLTB VLFS i
JI VDIGY:7_MGZGF7T.ii
JI VDI
iii. Unaudited accounts of 7 Associates and 1 Joint Venture.
HLNGMBYJ2LCVTBMGZiii
JBULDV4LVZD4BE CB7KV4LVZ
GZGF7T.>
2. We did not audit the financial statements of subsidiaries
iv)JI VDIC6PT-7FTB7MGP;MTUGZ>v
.EJI VDID4BEGZGF7T.> viz. (i) PNB Gilts Limited (ii) PNB Housing Finance Limited
vi
JI VDI GJ[BGMJZ CBLTKTBM D[LTGEBY J[LGZ> S'LL vii
UT MMI (iii) Punjab National Bank (International) Limited (iv) PNB
MDIJI VDIEULG<L-SLVET GP3SIGPPKLLTB EIZT<LLJKI\LLVHIB Investment Services Limited (v) Druk PNB Bank Ltd. (vi) PNB
EI GUVET GP3SI GPPKLLTB FTB FLQ;> ELT MFL*S PL; ET Principal Insurance Broking Pvt Ltd. and (vii) JSC SB PNB
GZ JT EKLT. EIERZWLG-SL S'LLJT Kazakastan whose financial statements reflect total assets of
`37239.73 Crores as at 31st March 2015 and total revenues
EKLT.ELERZKLU-POLL;LYLH4"CVGP3SIGPPKLLTBS'LLW6 of `2899.28 Crores for the year then ended. These financial
MXQVLWLTB EINVET MBDBGSZT<LLJKI\LELTB ^LKLZT<LLJKI\LLEIYI statements and other financial information have been audited
WL4K S3MBDBI GKJLT7LT FTB J[-SRS EI YIB WL4K HFLKL FS NV ZT<LL by their respective auditors whose reports have been furnished
JKI\LELTBEIGKJLT7LTJKHIWLLLGKSH4" to us and our opinion is based solely on the reports of the said
auditors.
E\LTLIY[LFILD4BELTB>MHLTGYLTBWL4K EMBR%SN]FETGPºLI
3. a). The Financial Statements of 5 Regional Rural Banks, 2
GPPKLLTB GUVEIZT<LLJKI\LL EZT<LLJKIG\LSMHLTYIET ML'L Associates and 1 Joint Venture which have not been audited
VHIBEIYC;H4>ELELTMFL*SPL;ETGZ JI VDI along with one audited associate contribute `184.02 Crore
MFXHFTBLTYOLVÈKLT.H4" to PNB group for the year ended 31.03.2015.
<LHFLKLFSWVRMXQIFTBZT<LLTBJKG7*JGLLTBJKG7*JLIMB<L b. Our opinion is based on the Un-audited financial statements
EIJLOG7*JLI
FTBNG:ZG<LSM)LI\LTLIY[LFILD4BELTB> of all Regional Rural Banks, 2 Associates stated in Footnote
(2.2) to note No.2 to Notes to Accounts in Schedule 18 as
MHLTGYLTBWL4KJI VDIMFXHET EZT<LLJKIG\LSMHLTYIETY4K well as one audited associate of PNB group.
ZT<LLJKIG\LSGP3SIGPPKLLTBJKWLLGKSH4" c. In the absence of full information regarding impact
YJ[FR<LD4BE>WVRLBGYLTBWL4KMHLTYIMB-'LLWLTB \LTLIY[LFILD4BELTB of difference in accounting policies followed by the
MGHS
^LKLWJVLC; YC; ZT<LLBEVVIGSLTB FTB G)L66LSLET J[)LLPMT parent, subsidiaries and associates (including RRBs), no
adjustments, have been carried out. Regional Rural Banks
M&DG6SJXL;ULVELKIETW)LLPFTBELTC;MFLLVVHIBGELYL (associates) have not followed Accounting Standard -15
H4"\LTLIY[LFILD4BELTB MHLTYIMB-'LLWLTB
VTER/EF;QLKIZL)LLTB (Revised), issued by the Institute of Chartered Accountants
ET GZ )LLKSIMVOIZT<LLELKMB-'LLV^LKLULKIZT<LLFLVE of India, for certain employees’ benefits but have accounted
MBLLTGS
VHIB WJVLLH4>GE6SR N6HTB SO'L;!JTWL8VXYLT for the same on adhoc/pay as you go basis. In like manner,
WLLKJKGHMLDFTBGZLH4"CMIJ[ELKFXZD4BES'LLNMEI unrealized profits/ losses resulting from transactions
between the parent and its subsidiaries and the associates, if
WVRLBGYLTB WL4KMHLTGYLTB ET DIQVPMXZHR ZL)L!HLGVLTB ET any, to the extent of the parent’s interest in the subsidiaries
JGKLLF-PJGOFXZD4BEETWVRLBGYLTBWL4KMHLTGYLTBFTBGHS and associates have not been eliminated. Thus, the effect
JKELTC;J[)LLPJ.SLHLTSLTNMTMFL*SVHIBGELYLH4"WS on profit for the year and other consequential effects could
PL;ETGZ CMETZL)LJKJ[)LLPW6J[)LLP,LSVHIHLTJLTH4"B not be ascertained.
338
okf"kZd fjiksVZ
NJR;%SJ4KLMTFTBGO Y HFLKTFSETWIVHFMXGQSEKST 4. Subject to our observations in paragraph 2 to 3 above, we

H4BGEJI VDIMFXHJ[D6V^LKLMFTGESGP3SIGPPKLJL)LLKSI report that the Consolidated Financial Statements have been
prepared by the management of PNB Group in accordance with
MVOI ZT<LLELK MB-'LLV ^LKL ULKI MFTGES GPPKL JL M&D6I
the requirements of Accounting Standard - 21 (Consolidated
ZT<LLBEVFLVEFTB WJT\LLWLTB ET WVRJS'LLZT<LLFLVE Financial Statements) and Accounting Standard – 23 (Accounting
MFTGESGPPKLJLTBFTBMHLTYIE&JGVLTBFTBGVPTLETZT<LLBEV
WL4K for Investments in Associates in Consolidated Financial
)LLKSIGKUP;D4BEEIWJT\LLWLTBETWVRMLKS4LKGE Y H4B" Statements) issued by the Institute of Chartered Accountants of
India and the requirements of the Reserve Bank of India.
GP3SIGPPKLLTBETGZ J[DBVELOLG3P Management's Responsibility for the Financial Statements:
TMFTGESGPºLIGPPKLD4E B ETJ[DB VELOLG3PH4WL4KC6HTB J[D
B V 5. These Consolidated Financial Statements are the responsibility
of the Bank's management and have been prepared by the
^LKLD4E B ELKIGPGVFVWGGVF>EILKLET J[LPLVLTB ET
management on the basis of separate financial statements
WVRMLKWZYWZYGPºLIGPPKLLTB WL4K L7ELTB ETMBD B FTB W6GP3SI and other financial information regarding components, in
MXQVLETWLLKJKS'LLMXQVLJKD4E B ELKIGPGVFWGGVF>EI accordance with the provisions of Section 29 of the Banking
SASIWVRMQ X IETJ2LF;?E?P?<L?ETWVRJWLPEGPQLKGPFL; Regulation Act, 1949 and to discuss the information as may be
EKET S4LKGELYLH4 "T GPºLIGPPKL)LLKSIMVOIZT<LLELK necessary to conform to Form 'A & B' respectively of the Third
Schedule to the Banking Regulation Act, 1949. These financial
MB-'LLV^LKLULKIZLYXZT<LLBEVFLVELTB EIWVRJLZVLEKSTH4B "CMOLG3P statements comply with the applicable Accounting Standards
FTB GPºLIGPPKLULTFH3PJXL;YZSGPPKL>QLHTLT<LL.IW'LPLQXEET issued by the Institute of Chartered Accountants of India.
ELKLHLT>MTFR%SH4>B S4LKEKVTMTMBDGB SWLBSGKEGVBLLETK<LK<LLP> This responsibility includes the design, implementation, and
G.ULCVWL4KZLYXEKVLLLGFZH4" maintenance of internal control relevant to the preparation of
the financial statements that are free from material misstatement,
whether due to fraud or error.
ZT<LLJKI\LELTBELOLG3P
Auditor's Responsibility:
HFLKLOLG3PCVGPPKLJLJKHFLKT ^LKLEIYC; ZT<LLJKI\LLET 6. Our responsibility is to express an opinion on these financial
WLLK JK FS J[E7 EKVT SE H4 " HFVT C6-7I7X7 WL8J2 QL7;. statements based on our audit. We conducted our audit in
ELNB7T67_MWL8J2CBG.L^LKLULKIZT<LLJKI\LLJKULKIFLVELTB ET accordance with the Standards on Auditing issued by The
WVRMLKZT<LLJKI\LLEIH4 "T FLVEWJT\LLEKST H4B GEHFV4GSE Institute of Chartered Accountants of India. Those standards
require that we comply with ethical requirements and plan
WLPESLWLTB ELWVRJLZVEKTB WL4KHFZT<LLJKI\LLEIWLLTUVL and perform the audit to obtain reasonable assurance about
S'LLNMELGVJLOVCMJ[ELKEKTBGEHFTBGP3SIGPPKLJLTBLETMBDB whether the financial statements are free from material
FTB TMLMFRGQSWLPLMVGFZUL GENVFTBELTC;RLG7VHIBH4" misstatement.
EZT<LLJKI\LLFTB EL;GVJLOVJ[G¹LTB MBZ9VH4B GUVMTGP3SIGPPKL 7. An audit involves performing procedures to obtain audit
evidence about the amount and disclosures in the financial
JLFTB NG:ZG<LSKLGLLTB WL4KJ[E7IEKLET DLKT FTB ML\J[L*SGET
statements. The procedures selected depend upon the auditor's
ULVTH4B "QGVSMBLGPGEZT<LLJKI\LEETJ24MZTJKWLLGKSHLTSIH4 judgment including the assessment of the risks of material
GUVFTB GP3SIGPPKLJLETYZSE'LV>QLHTPTLT<LL.IETELKL misstatement of the financial misstatements whether due to
H4LLRG7ETULTG<LFLTB ELGVLL;KLMG&FGZSH4"NVULTG<LFGVL;KLLTB fraud or error. In making those risk assessments, the auditors
ELTDVLVTETGZ NJR%SJGKG-'LGSLTB ETWVRMLKZT<LLJKI\LLMBGPGLTB consider internal control relevant to the Bank's preparation and
fair presentation of the financial statements in order to design
ELG.ULVEKVTETGZ ZT<LLJKI\LEGPºLIGPPKLJLEINGQS audit procedures that are appropriate in the circumstances. An
J[-SRSIEKLS'LLD4E B EIS4LKIMT MBDÉLWL6SGKEGVBLLJKGPQLK audit also includes evaluating the appropriateness of accounting
EKSLH4"ZT<LLJKI\LLFTB J[%R SZT<LLVIGSLTB EINJR%SLELFX:LBEV policies used and the reasonableness of the accounting
J[DB V ^LKL GET YT ZT<LL WVRFLVLTB EI SLGE;ESL> ML'L HI GP3SI estimates made by management, as well as evaluating the
overall presentation of the financial statements.
GPPKLJLLTB ELMEZJ[-SRSIEKLELFX:LBEV)LIMG&FGZSH4"
8. We believe that the audit evidence we have obtained is
HFTB GPPLM H4 GE ZT<LL JKI\LL ML\> ULT HFTB J[L*S HR H4B> HFLKT sufficient and appropriate to provide a basis for our audit
WG)LFSELTWLLKJ[OLVEKVTETGZJL;*SWL4KNJR%SH4" opinion.
WG)LFS Opinion:
HFLKT^LKLEIYC;ZT<LLJKI\LLWL4KW6ZT<LLJKI\LELTBEIWZYWZY 9. Based on our audit and on consideration of reports of other
GP3SIGPPKLLTBJKGKJLT7LTWL4K¦JKJ4KLFTBOIYC;WVRLBGYLTBWL4K auditors on separate financial statements and other financial
information of the Subsidiaries, and Associates as referred in
MHLTGYLTBEIW6GP3SIMXQVLELTOT<LSTHR WL4KHFLKIMPLT;3SF Para 2 above, and to the best of our information and according
ULVELKIWL4KHFTBGOTYT-J7IEKLETWVRMLKHFLKIKLFTB to the explanations given to us, we are of the opinion that:
EMFTGESSRZVJLWL4KNMETML'LJG#SG7*JGLLB EJXL;S'LL a) The Consolidated Balance Sheet, read with the notes
NGQSSRZVJLH4GUMFTBM)LIWLPEGPPKLGOTYTH4BWL4K thereon is a full and fair Balance Sheet containing all
339
H)LLKSFTBMLFL6S-PIEASZT<LLEBVGML6SLTBETWVRJCM the necessary particulars, is properly drawn up so as
SKHMT S4LKGELYLH4 GECMFTB D4BEELLT EIFLQ;> to exhibit a true and fair view of state of affairs of the
PNB Group as at 31st March, 2015 in conformity with
EIMHIWL4KNGQSG-'LGSJ[OG;LSHLTSIH4 accounting principles generally accepted in India;
<LMFTGESZL)LPHLGV<LLSLS'LLNMET ML'LJG#SG7*JGLLB> b) The Consolidated Profit and Loss Account, read with the
)LLKSFTBMLFL6SL-PIEASZT<LLEBVGML6SLTBETWVRJPL;ET notes thereon shows a true balance of Profit in the PNB
Group, in conformity with accounting principles generally
ZL)LELMHILTLOLL;SLH4WL4K accepted in India, for the year ended on that date; and
Y MFTGESVEOIJ[PLHGPPKLJLNMGSG'LELTMFL*SPL;HTSR c) The Consolidated Cash Flow Statement gives a true and
JI VDIMFXHMHIWL4KNGQSVEOJ[PLHOLL;SLH4" fair view of the cash flows of the PNB Group for the year
ended on that date.
W6GPG PBGPGVLFEWJT\LLWLTBJKGKJLT7; Report on Other Legal and Regulatory Requirements:
SRZVJLWL4KZL)LPHLGV<LLSLD4BEELKIGPGVFVWGGVF> 10. The Balance Sheet and the Profit and Loss Account have been
drawn up in Form 'A' and 'B' respectively of the Third Schedule
EISIMKIWVRMXQIET¹FLJ2LF;? ?WL4K?DI?MTGZTYTH4B" to the Banking Regulation Act, 1949.
HFLKTFSFTB>JI VDIMFXHMFTGESSRZVJL>ZL)LPHLGVZT<LLWL4K 11. In our opinion, the Consolidated Balance Sheet, Profit and
VEOIJ[PLHGPPKLZLYXZT<LLEBVFLVELTBETWVRMLKH4B" Loss Account and the Cash Flow Statement of the PNB Group
comply with the applicable Accounting Standards.
EASTET VYR7YRG7L EASTMIPIET B. EASTKFTLEJXK For and on behalf of For and on behalf of For and on behalf of
B.E&JVI MLTGM 7_M B.E&JVI K. N. Gutgutia & Co. CVK & Associates Ramesh Kapoor& Co.
MVOIZT<LLELK MVOIZT<LLELK MVOIZT<LLELK Chartered Accountants Chartered Accountants Chartered Accountants
FRN 304153E FRN 101745W FRN 001477N
J2WLK VC; J2WLK V.$:X J2WLK V V
DIWLKYLTZMLTOLK
ETJ[LLVMLTOLK
KFTLEJXKMLTOLK
B R Goyal A K Pradhan Ramesh Kapoor
MO-MB MO-MB MO-MB Partner Partner Partner
M No. 012172 M No.032156 M No. 080725
For and on behalf of For and on behalf of For and on behalf of
EAST /LUTO B.OLTLI EASTWLKOTPT6O[ERFLK EASTHTFMBOIJ B.E&JVI
Chhajed & Doshi R. Devendra Kumar & Hem Sandeep& Co.
MVOIZT<LLELK B. MLTGM 7_M MVOIZT<LLELK Chartered Accountants Associates Chartered Accountants
J2WLK V.$:X MVOIZT<LLELK J2WLK V V FRN 101794W Chartered Accountants FRN 009907N
J2WLK V V FRN 009907N
FJI/LUTOMLTOLK
VIKUYLTZLMMLTOLK
FVILYR*SLMLTOLK
M P Chhajed Neeraj Golas Manish Gupta
MO-MB> MO-MB> MO-MB Partner Partner Partner
M No. 049357 M No. 074392 M No. 092257
GOVLBE Date: 8th May 2015

340
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341
Annexure - 1
PUNJAB NATIONAL BANK

Head Office: 7, Bhikhaiji Cama Place, New Delhi 110607
DECLARATION
(By the Candidate)
(Refer Regulation 65 of the Regulations)
I, ______________________________________ son/daughter/wife of Shri._____________________________________________, a

resident of ________________________________________________________________
hereby confirm that
a) I am a shareholder holding __________ equity shares of Bank, as on Friday, the 22.05.2015, i.e. the Cut-off date for nominating
and contesting in the elections; and
b) I have special knowledge or practical experience* in (i) Agriculture and Rural Economy, (ii) Banking, (iii) Co-operation,
(iv) Economics, (v) Finance, (vi) Law, (vii) Small Scale Industry or ____________________________________ (special knowledge of
an practical experience of which in the opinion of Reserve Bank of India would be useful to the Bank) and I represent the interest
of Depositors or Farmers, Workers and Artisans, in terms of sub section 3A of Section 9 of the Banking Companies (Acquisition
and Transfer of Undertakings) Act, 1970 and as an evidence thereof I submit herewith the relevant testimonials; and
c) I accept the nominations numbered from _________ to _________, and
d) I am willing to stand for the election as Director of Punjab National Bank, and
e) I am not disqualified from being a Director of the Bank under the provisions of the Banking Regulation Act, 1949, The Banking
Companies (Acquisition and Transfer of Undertakings) Act, 1970, the Nationalised Banks (Management and Miscellaneous
Provisions) Scheme, 1970 and the Punjab National Bank (Shares and Meetings) Regulations, 2000, RBI Notification – DBOD
No. BC. No.46 & 47/29-39.001/2007-08 dated 1.11.2007 and DBOD NO. BC.No.95/29.39.001/2010-11 dated 23.5.2011,
Department of Financial Services, Ministry of Finance, Government of India letter no. F. No. 16/83/2013 – BOI dated 03.09.2013
and extant guidelines for selection of part time Non-Official Director vide letter No. 16/17/2010-BOI dated 13.10.2011 as on
01.06.2011, amendment dated 01.04.2015 and subsequent amendments thereto and
f) I neither hold any office of profit nor I am an employee of any nationalised Bank or State Bank of India constituted under sub-
section (1) of Section 3 of the State Bank of India Act, 1955 or any subsidiary bank as defined in Section 3 of the State Bank of
India ( Subsidiary Banks) Act, 1959 and
g) I enclose my personal details which are to the best of my knowledge and belief is true and complete and
h) I undertake to keep the Bank informed, as soon as possible, of events, if any, which take place subsequent to this declaration
which are relevant to the information provided hereto and to execute the Deed of Covenants upon my election as a Director of
the Bank.
Signature
Name
Number of Shares
Regd. Folio/DPID-CLID
Place
Date
The above declaration was signed before me

Signature with Seal and_______________
Name of the attesting official____________
Note: The declaration must be signed by the Candidate before a Judge, Magistrate, Registrar or Sub-Registrar of Assurances, or other
Gazetted Officer or an Officer of Reserve Bank of India or Punjab National Bank or any other Nationalised Bank.
* Delete whichever is not applicable
342
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343
Annexure - 2

NOMINATION FORM
(by the Shareholder)
(Refer Regulation 65(d) of the Regulations)
To
The Managing Director/Executive Director,
PUNJAB NATIONAL BANK,
7, Bhikhaiji Cama Place,
New Delhi 110607
Dear Sir,
Nomination for Election of a Director
With reference to your Notice dated 12/05/2015, I ____________________________ a shareholder of Punjab National Bank,
holding __________ equity shares of ` 2/- each on 22.05.2015 do hereby nominate Shri/Smt ______________________________
son/daughter/wife of Shri ___________________________________ residing at ____________________________________________
____________________________________________________________________________________
for being elected as a Director of Punjab National Bank representing the shareholders of the Bank as provided in Section 9 (3) (i) of
the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970, at the Annual General Meeting of the shareholders to
be held on 30.06.2015.
Signature
Name
Number of Shares
Regd. Folio/DPID-CLID
Place
Date
Notes :
1. In case nomination is made by a Body Corporate, the nomination form should be accompanied by a certified true copy of the
resolution passed by the Board of Directors under the signature of the Chairman of the meeting at which it was passed.
2. Signatures of the shareholders nominating the candidates should match with the specimen signatures available with Share
Transfer Agent of the Bank.
3. If any of the columns above is left blank or the particulars are found to be incorrect, the nomination is liable to be rejected.
344
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I. çRÕkk'kh dk OÕkfDrxRk fooj.k
d Ikwjk ukEk (CkM+s v{kjksa Eksa)
[k tUEkfRkfFk
x 'kSf{kd ÕkksXÕkRkk
?k laCkafèkRk Ik`’HkwfEk ,oa vuqHko
M- LFkkÕkh IkRkk
p oRkZEkku IkRkk
N bZ&Eksy vkbZMh@VsyhIkQksu uECkj (ySaMykbu@EkksCkkby)

t vkÕkdj vfèkfuÕkEk ds vaRkxZRk LFkkÕkh [kkRkk la[Õkk vkSj vkÕkdj lfdZy dk
ukEk ,oa IkRkk
> lECk¼ Kku ,oa vuqHko (CkSaddkjh dEIkuh (mIkØEkksa dk vtZu ,oa vaRkj.k)
vfèkfuÕkEk] 1970 dh èkkjk 9 (3,)ns[ksa
.k CkSad ds funs'kd&Ikn ls laCkafèkRk vUÕk dksbZ tkudkjh
II. çRÕkk'kh ds lECkfUèkÕkksa dk fooj.k
d CkSad ds lkFk fdlh Hkh :Ik Eksa lECk¼ fj'Rksnkj] Õkfn dksbZ gksa] dk CÕkkSjk
(dEIkuh vfèkfuÕkEk] 2013 dh èkkjk 2 ns[ksa)
[k ,slh laLFkkvksa dh lwph] Õkfn dksbZ gS] ftuEksa mls fgRkCkèn lEk>k tkRkk gS
(dEIkuh vfèkfuÕkEk] 2013 dh èkkjk 184 ns[ksa)
x ,slh laLFkkvksa dh lwph] ftuEksa çRÕkk'kh dks CkSaddkjh fofuÕkEku vfèkfuÕkEk]

1949 dh èkkjk 5 (,u bZ) ds vFkZ ds nkÕkjs Eksa EkgRoIkw.kZ fgRk èkkfjRk
djus okyk lEk>k tkRkk gS A (çLRkkfoRk ,oa EkkStwnk)
?k CkSad dk ukEk ftlEksa og funs'kd EkaMy dk lnLÕk gS vFkok jgk gS (ml

vofèk dk CÕkkSjk nsa ftl nkSjku vkIk ml Ikn Ikj jgs) A
M- mlds }kjk vkSj@vFkok mIkjksDrkuqlkj - II ([k) ,oa (x) Eksa n'kkZÕkh xÕkh
laLFkkvksa }kjk fufèk ,oa xSj&fufèk lqfoèkk,a ftudk bl lEkÕk ykHk mBkÕkk
tk jgk gS A
p ,sls EkkEkys] Õkfn dksbZ gks]a tgka mEEkhnokj vFkok mIkjksDrkuqlkj - II ([k) ,oa
(x) Eksa n'kkZÕkh xÕkh laLFkkvksa }kjk IkatkCk uS'kuy CkSd
a vFkok vUÕk fdlh CkSda
ls yh xbZ ½.k lqfoèkkvksa ds laCkaèk Eksa pwddRkkZ gks Õkk pwddRkkZ jgk gSA
III. OÕkkolkfÕkd mIkyfCèkÕkksa dk fjdkWMZ
d laCkafèkRk OÕkkolkfÕkd mIkyfCèkÕkka
345
Annexure –3
PERSONAL INFORMATION
(With enclosures as appropriate as on ____,2015)
DECLARATION AND UNDERTAKING
I. Personal details of the candidate

A Name in Full (in block capital letters)
B Date of Birth
C Educational Qualifications
D Relevant Background and experience
E Permanent Address
F Present Address
G E-mail address/ Telephone Number (Landline/Mobile)
H Permanent Account Number (under the Income Tax Act)

and Name and address of Income Tax Circle
I Relevant Knowledge & Experience
(Refer Section 9(3-A) of the Banking Companies (Acquisition
& Transfer of Undertakings) Act, 1970)
J Any other information relevant to Directorship of the Bank.
II. Relevant Relationships of the candidate

A List of Relatives, if any, who are connected with the Bank in
any way (Refer Section 2 of the Companies Act, 2013)
B List of entities if any in which he/she is considered as being

interested (Refer Section 184 of the Companies Act, 2013).
C List of entities in which he/she is considered as holding sub-

stantial interest within the meaning of Section 5(ne) of the
Banking Regulation Act, 1949 proposed & existing.
D Name of Bank in which he/she is or has been a member of the

board (giving details of period during such office was held)
E Fund and non-fund facilities, if any, presently being enjoyed

by him/her and/or by entities listed in II(B) and (C) above
from the Bank.
F Cases, if any, where the candidate or entities listed at II (B)

& (C) above are in default or have been in default in the past
in respect of credit facilities obtained from the Bank or any
other bank.
III. Records of Professional Achievements
A Professional achievements relevant
346
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d Õkfn çRÕkk'kh OÕkkolkfÕkd laLFkk@fudkÕk dk lnLÕk gS vkSj mlds f[kykIkQ
Õkfn dksbZ vuq'kklfud dkjZokbZ yfECkRk gks vFkok vkjEHk dh xÕkh gks
vFkok foxRk Eksa mls nks"kh BgjkÕkk xÕkk gks vFkok mls fdlh Hkh lEkÕk
fdlh OÕkolkÕk@dkjksCkkj 'kq: djus ds fy, çfRkCkafèkRk fdÕkk xÕkk gks] dk
fooj.k nsaA
[k funs'kd vkSj@vFkok mIkÕkqZDr II ([k) ,oa (x) Eksa lwphCk¼ fdlh bdkbZ ds
f[kykIkQ vk£Fkd fuÕkEkksa vkSj fofuÕkEkksa ds fy, foxRk Eksa yfECkRk vFkok 'kq:
fd, x, vFkok nks"k fl¼ gq, vfHkÕkkstu] Õkfn dksbZ gks] dk fooj.k
x çRÕkk'kh ds f[kykiQ foxRk Eksa yfECkRk vFkok 'kq: fd, x, vFkok nks"k fl¼
vkIkjkfèkd vfHkÕkkstu] Õkfn dksbZ gksa] ds fooj.k
?k DÕkk çRÕkk'kh dks dEIkuh vfèkfuÕkEk] 2013 dh èkkjk 164 ds RkgRk vÕkksXÕk
BgjkÕkk tk ldRkk gS\
M- DÕkk çRÕkk'kh vFkok mIkÕkqZDr II ([k) ,oa (x) Eksa nh xbZ fdlh bdkbZ dh
ljdkjh foHkkx vFkok ,tsalh ds funsZ'k Ikj dksbZ tkap dh xbZ gSA
p DÕkk çRÕkk'kh dks dHkh@lhEkk 'kqYd@vkCkdkjh@vkÕkdj@fons'kh Ekqæk fofuEkÕk@

vUÕk jsosUÕkw çkfèkdkfjÕkksa }kjk fuÕkEkksa@fofuÕkEkksa@dkuwuh vIks{kkvksa ds mŠa?ku dk
nks"kh BgjkÕkk xÕkk gS] Õkfn gka Rkks fooj.k nsaA
N DÕkk fdlh fuÕkkEkd laLFkk tSls fd lsCkh] vkbZvkjMh,] Mhlh, bRÕkkfn }kjk
çRÕkk'kh@funs'kd ds f[kykIkQ dHkh dqN çfRkdwy IkkÕkk xÕkk gS A
(Õk|fIk mEEkhnokj ds fy, Õkg vko'Õkd ugha gksxk fd og ,sls vkns'kksa ,oa
fu"d"kks± ds dkWyEk dk mŠs[k djs ftUgsa Ckkn Eksa IkyV fnÕkk xÕkk gS@Ikw.kZ :Ik ls
lEkkIRk dj fnÕkk xÕkk gS] fIkQj Hkh mlds fy, Õkg CkRkkuk vko'Õkd gksxk] Õkfn
fu.kZÕk dk IkyVk tkuk@lEkkIRk fdÕkk tkuk vfèkdkj {ks=k dh dEkh IkfjlhEku
vkfn dkj.kksa ls gks RkFkk xq.k&nks"k ds vkèkkj Ikj u gks A Õkfn fuÕkkEkd ds vkns'k
Ikj vLFkkÕkh :Ik ls jksd yxkÕkh xÕkh gks RkFkk vIkhyhÕk@UÕkkÕkkyÕk laCkaèkh dkjZokbZ
fopkjkèkhu gks Rkks] mldk mŠs[k Hkh fdÕkk tkuk pkfg,)A
V Ekn la[Õkk I ls III ds laCkaèk Eksa] dksbZ vUÕk LIk‘hdj.k@lwpuk vkSj vUÕk
dksbZ tkudkjh tks] ^l{kEk ,oa mIkÕkqDr* fLFkfRk dk fu.kZÕk ysus ds fy,
laxRk gksA
PQV*LL
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HLTVTPLZT*LGKP3L;VLTBEIULVELKI&L4B¶L'LLLI L[$L4BEELTWPY3LEKPLVTELPQVOT3LL!OT3LIHX"
$L4BEETM)LIGVOTLELTB^LKLGV*LLGO3LEIULVTPLZIW*LTG\L3LÈG3L,L*LLELTGV*LLGO3LEKVTEL)LI&L4BPQVOT3LL!OT3LIHX"
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347
IV. Proceedings, if any, against the Candidate
A If the candidate is a member of a professional association/

body, details of disciplinary action, if any, pending or com-
menced or resulting in conviction in the past against him/
her or whether he/she has been banned from entry of at any
profession/occupation at any time.
B Details of prosecution, if any, pending or commenced or

resulting in conviction in the past against the director and/
or against any of the entities listed in II (B) & (C), above for
violation of economic laws and regulations.
C Details of criminal prosecution, if any, pending or com-

menced or resulting in conviction in the past against the
candidate.
D Whether the candidate attracts any of the disqualifications

envisaged under Section 164 of the Companies Act, 2013.
E Has the candidate or any of the entities at II (B) & (C) above
been subject to any investigation at the instance of Government
department or agency?
F Has the candidate at any time been found guilty of violation

of rules/regulations/legislative requirements by customs/ ex-
cise/income tax/foreign exchange/other revenue authorities;
if so give particulars.
G Whether the candidate/director had at any time come to the

adverse notice of a regulator such as SEBI, IRDA, DCA etc.
(Though it shall not be necessary for a candidate to mention
in the column about orders and findings made by regulators
which have been later on reversed / set aside in toto, it would
be necessary to make a mention of the same, in case the rever-
sal / setting aside is on technical reasons like limitation or lack
of jurisdiction, etc. and not on merit. If the order of the regula-
tor is temporarily stayed and the appellate / court proceedings
are pending, the same also should be mentioned).
V Any other explanation / information in regard to items I to
III and other information considered relevant for judging
‘fit and proper’.
Undertaking
I confirm that the above information is to the best of my knowledge and belief true and complete. I undertake to keep the bank fully
informed, as soon as possible, of all events which take place subsequent to my appointment which are relevant to the information
provided above.
I also undertake to execute the deed of covenant required to be executed by all directors of the Bank.
Place :
Date : Signature of the Candidate
348
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349
VI. Remarks of the Nomination Committee :
Place
Date
Signature Signature Signature
Name of Member Name of Member Name of Member
350
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351
Punjab National Bank
Head Office: 7, Bhikhaiji Cama Place, New Delhi – 110 607
FORM ‘B’
FORM OF PROXY
(To be filled in and signed by the shareholder)
Regd. Folio No.

(If not Dematerialised)
DPID No.
Client ID No.
(If Dematerialised)
No of shares.
I/We, ________________________________resident/s of _______________________ in the district of _______________________

in the state of _______________________ being a shareholder/s of Punjab National Bank, 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 Annual General Meeting of the shareholders of the Bank to be
held on 30.06.2015, at 10.00 a.m., at Punjab National Bank Auditorium, Central Staff College, 8, Underhill Road, Civil Lines,
Delhi – 110054 and at any adjournment thereof.
Revenue
Stamp
Signed this_______day of ____________2015. Signature of sole/first holder
Signature of the Proxy _______________________
INSTRUCTIONS FOR SIGNING AND LODGING THE PROXY FORM

1. No instrument of proxy shall be valid unless,
a. in case of an individual shareholder, it is signed by him/her or by his/her attorney duly authorised in writing,
b. in the case of joint holders, it is signed by the shareholder first named in the Register of Shareholders or by his/her attorney
duly authorised in writing,
c. in the case of a body corporate, it is signed by its officer and executed under its Common Seal, if any, or otherwise signed
by its attorney duly authorised in writing.
d. shall be in the Form B and duly stamped.
2. An instrument of proxy, in which the thumb impression of the shareholder is affixed, will be valid provided it is attested by a
Judge, Magistrate, Registrar or Sub-Registrar of Assurances or any other Government Gazetted Officer or an officer of Punjab
National Bank.
352
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353
3. The proxy together with:
a. the power of attorney or other authority (if any) under which it is signed or
b. a copy of that power of attorney or authority, certified by a Notary Public or a Magistrate, should be deposited at the Share
Department, Finance Division, Punjab National Bank, Head Office : 5, Sansad Marg, New Delhi – 110 001 not later than
FOUR DAYS before the date of the Annual General Meeting, i.e. on or before closing hours i.e. 5.00 p.m. of 25.06.2015.
4. In case the relevant power of attorney is already registered with Punjab National Bank or its Share Transfer Agent, the registration
number of the power of attorney and the date of such registration may be mentioned.
5. An instrument of proxy deposited with the Bank shall be irrevocable and final.
6. 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.
7. The shareholder who has executed an instrument of proxy shall not be entitled to vote in person at the meeting to which such
instrument relates.
8. The proxy so appointed shall not have any right to speak at the meeting but such proxy can attend & vote on behalf of the
grantor.
9. No person shall be appointed as duly authorised representative or a proxy who is an officer or an employee of Punjab National
Bank.
354
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355
Head Office : 7, Bhikhaiji Cama Place, New Delhi – 110 607
ANNUAL GENERAL MEETING, TUESDAY, THE 30TH JUNE, 2015 AT 10.00 A.M.
AT PNB AUDITORIUM, CENTRAL STAFF COLLEGE, 8, UNDERHILL ROAD, CIVIL LINES, DELHI-54
ATTENDANCE SLIP (To be surrendered at the time of registration of attendance)
NAME IN BLOCK LETTERS REGD.FOLIO/DPID&CLIENT ID No. Number of Shares

(Member/Proxy/Authorised Representative)
Signature of Shareholder/Proxy/Authorised Representative
ENTRY PASS(To be retained throughout the meeting)

Shareholders/Proxy holders/Authorised Representatives are requested to produce 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/Authorised Representatives, who should retain
it till the conclusion of the meeting. The Ballot Paper Pass portion shall be surrendered to obtain Ballot Paper. Under no circumstances, any
duplicate Attendance slip-cum-Entry pass will be issued.
BALLOT PAPER PASS
(To be surrendered at the Polling Counters to obtain Ballot Paper)

356

PNBAnnualReport2014 15 PDF

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okf"kZd fjiksVZ

Annual Report 2014-15

GPLMXQI JA#MB Contents Page No.

VLTG7M 6-7 Notice 6-7

LTKWBSKL UTB7 SHARE TRANSFER AGENT

??CMETWG3LGK%SMBE:*L*LLGK3LGE¶LLUL3LLH4GEM&$LBGÉLS¶LLTUVL3L'LLNMETWB3LY;3L$LVL Y GPGV¶L&LVLTB PBWLK$LIWLC;WGÉLMXQVLETML'L*LG#3L

(A Government of India Undertaking)

2. To declare Dividend for the financial year 2014-15

3. Other business - Election of One Shareholder Director of the Bank

By the order of the Board of Directors

Place : New Delhi (Gauri Shankar)

ELVXVIÈLPÉLLV LEGAL PROVISIONS

N*L¶LR;%SÈLPÉLLVLTBELMLKLBLVIQTGO¶LLY¶LLH4 THE GIST OF THE ABOVE MENTIONED PROVISIONS IS

$L4BEELKIE&*LVI N*L¹&LLTBELWU;V PBWB3LKL

q <LB.$LIWLEG-&LEGKG%S¶LLTBELT)LKVTMTMB$LBGÉL3LH4" q Clause 11B deals with casual vacancy.

P4$LMLC7&LTBWGÉLGV¶L&L!¶LLTUVL!GPGV¶L&LV!WGÉLMXQVLETÈLPÉLLV PROVISIONS OF ACTS/SCHEME/REGULATION/NOTIFICATION

$L4BEETGVOTLEET*L&LTBQ¶LVETGZ WVH;3LL DISQUALIFICATIONS FROM BEING ELECTED AS A DIRECTOR

GVPL;QV&LTB)LLYIOLKI PARTICIPATION IN ELECTION

VL&LLBEVEIP4ÉL3LL Validity of Nominations

 PLT7YELWGÉLELK 4. VOTING RIGHTS

ZL)LLBLET)LRY3LLVETGZ C;¹TG.7WGÉLOTL!$L4E B <LL3LTET$¶LL4K>T 5. DIVIDEND MANDATE FOR E-CREDIT/BANK ACCOUNT

 ZL)LLBLELÈL*3LVHLTVL 6. NON RECEIPT OF DIVIDEND

GVOTLEFB.ZETWLOTLLVRMLK By order of the Board of Directors

KEY FINANCIAL POSITION

SHAREHOLDING PATTERN (%) ( As on 31st March ’15)

Total Branches*( Number) 5002 5189 5670 5874 6201 6560

ATM Network ( Number) 3544 5050 6009 6313 6940 8348

Business/Employee (Rs lakh) 808 1018 1132 1165 1283 1319

Profit/Employee (Rs lakh) 7.31 8.35 8.42 8.06 5.49 4.85

GVOTLEGK*LLT7; DIRECTORS’ REPORT 2014-15

$LI*LGKQLZVGPLTL3LL B B. OPERATIONAL HIGHLIGHTS

  

 MBMLÉLVMBY[HL 2. Resource Mobilization

 LGPGV¶LLTUV PBGP3LKL 3. Credit Deployment and Delivery

SEVIEI N6VV GVGÉL LTUVL 7I¶LX *L2 M

i. LM&LXHV i. Loan Syndication

MEZvROKLL*LLT7;*L2LTGZ¶LLTET`>EKLT. MT Aggregate Retail portfolio of ` 38,864 crore as on 31.03.2014

iii. ÈL'LG&LE3LLJ[L*S\LTL iii. Priority Sector

KLrI¶LZ\¶LLTBEIÈLG*3L Achievement of National Goals

²GLL Credit to Agriculture

&LL4UXOL¶LLTUVLWLTB&LTBWLKWLTWLC;&LTBMBLLTÉLV!/X7 Modifications/Concessions in ROI in existing schemes

&LLQ;*LK`>EKLT. ET&LREL$LZT&LLQ;EI The Bank’s credit to minority communities stood at ` 20,936

q &L MC;ELT. • MSE Code

$L4BEVT$L4BEYELT._M B.-74B.._M;$LLT.;WL8¾ 2CBG.¶LL $LIMI M$LIWLC;

v. GPºLI¶LM&LLPTLV v. Financial Inclusion

GOVLBEEIG-'LG3L) (Position as on 31.03.2015)

$LILHKIPL.LTEIEPKTU b. Coverage of Urban Wards

vi. WLG-3LYRLPºLL vi. Asset Quality

GPºLI¶LPL;ETOL4KLVEIYC;JHZT Initiatives taken during FY’15

q GPºLI¶LPL;ETOL4KLV>L&LRG%SGLGPKLTB&LTB> q During FY’15, in 5539 Rin Mukti Shivirs, cash recovery

q V*LI ETLI L[GV*L7LVHT3LRET E$LLKYIGV*L7LV WLT7I M

MIZ LRWL4K&LÉ¶L&LN]&LLTBHT3LRL*LRVY;#V3LBL c. Debt Restructuring Mechanism for Small and Medium

 ULTGv&LÈ$LBÉLV 4. Risk Management

I. P4EG:*LEG.ZIPKIQ4VZ I. Alternative Delivery channels:

$L4BEELCB7KVT7$L4BEYWVRÈ¶LLTYGPPMVIH4"CB7KVT7$L4BEY^LKL The Bank has a world class Internet Banking application. On

IV. WLC;7I MRK\LL: $L4E

 &LLVPMBMLÉLVÈ$L6ÉLV 7. Human Resources Management

Total 65541 68290

&LLVPLG%SGV¶LLTUV Manpower Planning

WL4]LTGYEMB$LBÉL Industrial Relations

WL8VZLTETLVÈGL\LL On Location Training

WB3LKL;rI¶LN*LG-'LG3L International Presence

GPLMXQI JA#MB Contents Page No.

LTKWBSKL UTB7 SHARE TRANSFER AGENT

??CMETWG3LGK%SMBE:LLLGK3LGE¶LLUL3LLH4GEM&$LBGÉLS¶LLTUVL3L'LLNMETWB3LY;3L$LVL Y GPGV¶L&LVLTB PBWLK$LIWLC;WGÉLMXQVLETML'L*LG#3L

N*L¶LR;%SÈLPÉLLVLTBELMLKLBLVIQTGO¶LLY¶LLH4 THE GIST OF THE ABOVE MENTIONED PROVISIONS IS

$L4BEELKIE&LVI NL¹&LLTBELWU;V PBWB3LKL

q <LB.$LIWLEG-&LEGKG%S¶LLTBELT)LKVTMTMB$LBGÉL3LH4" q Clause 11B deals with casual vacancy.

$L4BEETGVOTLEET*L&LTBQ¶LVETGZ WVH;3LL DISQUALIFICATIONS FROM BEING ELECTED AS A DIRECTOR

PLT7YELWGÉLELK 4. VOTING RIGHTS

ZL)LLBLET)LRY3LLVETGZ C;¹TG.7WGÉLOTL!$L4E B <LL3LTET$¶LL4K>T 5. DIVIDEND MANDATE FOR E-CREDIT/BANK ACCOUNT

ZL)LLBLELÈL*3LVHLTVL 6. NON RECEIPT OF DIVIDEND

GVOTLEFB.ZETWLOTLLVRMLK By order of the Board of Directors

GVOTLEGK*LLT7; DIRECTORS’ REPORT 2014-15

$LI*LGKQLZVGPLTL3LL B B. OPERATIONAL HIGHLIGHTS

MBMLÉLVMBY[HL 2. Resource Mobilization

LGPGV¶LLTUV PBGP3LKL 3. Credit Deployment and Delivery

SEVIEI N6VV GVGÉL LTUVL 7I¶LX *L2 M

i. LM&LXHV i. Loan Syndication

MEZvROKLLLLT7;L2LTGZ¶LLTET`>EKLT.MT Aggregate Retail portfolio of ` 38,864 crore as on 31.03.2014

iii. ÈL'LG&LE3LLJ[L*S\LTL iii. Priority Sector

KLrI¶LZ\¶LLTBEIÈLG*3L Achievement of National Goals

²GLL Credit to Agriculture

&LL4UXOL¶LLTUVLWLTB&LTBWLKWLTWLC;&LTBMBLLTÉLV!/X7 Modifications/Concessions in ROI in existing schemes

&LLQ;*LK`>EKLT.ET&LREL$LZT&LLQ;EI The Bank’s credit to minority communities stood at ` 20,936

$L4BEVT$L4BEYELT._M B.-74B.._M;$LLT.;WL8¾2CBG.¶LL $LIMI M$LIWLC;

v. GPºLI¶LM&LLPTLV v. Financial Inclusion

GOVLBEEIG-'LG3L) (Position as on 31.03.2015)

$LILHKIPL.LTEIEPKTU b. Coverage of Urban Wards

vi. WLG-3LYRLPºLL vi. Asset Quality

GPºLI¶LPL;ETOL4KLVEIYC;JHZT Initiatives taken during FY’15

q GPºLI¶LPL;ETOL4KLV>L&LRG%SGLGPKLTB&LTB> q During FY’15, in 5539 Rin Mukti Shivirs, cash recovery

q VLI ETLI L[GVL7LVHT3LRET E$LLKYIGV*L7LV WLT7I M

MIZ LRWL4K&LÉ¶L&LN]&LLTBHT3LRL*LRVY;#V3LBL c. Debt Restructuring Mechanism for Small and Medium

ULTGv&LÈ$LBÉLV 4. Risk Management

$L4BEELCB7KVT7$L4BEYWVRÈ¶LLTYGPPMVIH4"CB7KVT7$L4BEY^LKL The Bank has a world class Internet Banking application. On

&LLVPMBMLÉLVÈ$L6ÉLV 7. Human Resources Management

&LLVPLG%SGV¶LLTUV Manpower Planning

WL8VZLTETLVÈGL\LL On Location Training

WB3LKL;rI¶LN*LG-'LG3L International Presence

VPIV*LHZÈ)LLY 11. New Initiative Division

$LI&LLELKLT$LLK:LI V$LI&LT7ZLCL2CBG.¶LLCB¶LLTKTBMEB*LVIGZG&L7T. Insurance Business: As a corporate agent of PNB MetLife India

MLP;UGVEGPºLI¶LÈ$LBÉLVÈLLZIEL-PQLZVWY-3L&LTBGE¶LL Automation of Public Financial Management System got

WLB3LGKEGV¶LBLLÈLLZI 15. Internal Control System

LZT<LL*LKI\LL3L'LLM&LI\LL a. Credit Audit and Review

MI W*LVT Y[LHE ELT ULGV ETPLC;MI

M)LIGVÉLL;GK3LGKLLT7; U4MT VEZIVLT7GKLLT7; MIMIWLK

.I È$L6ÉLZT<LL*LKI\LL d. Management Audit

CBGOKLYLBÉLIKLU)LLLLLI:.)LLK3LMKELKEIMPLT;1Q*LRK-ELK¶LLTUVL> some of very significant awards namely Indira Gandhi

L LBUL$LV4LVZ$L4E B GVPTLMPMTUGZG&L7T. LI V$LIWLC; M Z

.\LTLI¶LY[L&LIL$L4BE e. Regional Rural Banks

SEÈÉLLV&LBLIUVÉLV¶LLTUVL *LI &LUT.IPLC;

$L4BEELTÈL3LWPL.; PBLRK-ELK 20. Awards and Accolades

q CBG-77_¶LX7WL8L2.L¶LKT%7M; ^LKLYLT:.VLIEL8EELKLT$LLKN3²r3LL q Golden Peacock Business Excellence Award 2014 by

GVOTLE&LB.Z 21. Board of Directors

²3LTGVOTLE&LB.Z For and on behalf of Board of Directors

È$LBÉLVGP&LL;WL4KGPZTLL MANAGEMENT DISCUSSION AND ANALYSIS

PAG ELT %EIPL;OKPL; PAG

q MP;È'L&L PB MPL;GÉLE&LH3PLXL; KLVIG3L VLI V V*LI

GVYG&L3LML&LLGUENºLKOLG¶L3P$L4BEELML&LLGUE*LMTNºLKOL¶LI PB 1. Corporate Social Responsibility is socially responsible and

PLB ZLZ$LHLORKLL±IGM:PKUR$LZI7XVL;&LTB7GOMB$LKET 41st Lal Bahadur Shastri Silver Jubilee Tournament

W6¶LMI MWLK*LHZ 2.7 Other CSR Initiatives

)LI<LL UIEL&LLZTM>MBMO&LLY;>KLUT6ÇZTMWL4KWL3&LLKL&LHL¦M Blood Donation Camps were organized at four Head

IYL4KILBEK>È$L6ÉLGVOTLE PB &LR<¶LEL¶L;*LLZEWGÉLELKIZ<LV¦

VLYLRK&LB.ZETWB3LY;3LGUZLZL3LXKETWBYI²3LYLBP&L&LOLLRK&LTB /LLLWLTB Dr.Ram S. Sangapure, Executive Director with girl students of

$L4BEW*LVTGV&V7-7!ET6ÇLTBET&LLÉ¶L&LMTGVYG&L3LML&LLGUENºLKOLG¶L3PET Bank is promoting welfare in Rural / semi Urban Areas as a part

*LI V$LIGPELMY[L&LWBYIEKL¶LLTUVL 1. PNB VIKAS- Village Adoption Scheme:

GVLR:E-PL-'¶LULQGLGPK" - Free health Check up Camps.

&LGHZL M QUI!UT ZUIETY#VELT$LLPLOTVL" - Promoting formation of women SHG/JLG

-P1/GP]LZ¶LWG)L¶LLV 4. Swachchh Vidyalaya Campaign:

*LI V$LINULZL 5. PNB UJALA:

LI V$LIL3LL$OIY[L&LILGPELM7-7 LI V$LIMIWLK.I7I

GPºLI¶LML\LK3LLET6Ç ¾2 ZMI

GPºLI¶LML\LK3LLET6ÇGPºLI¶LGL\LLÈOLVEKVTETGZ WLKB)LGE Y The Financial Literacy Centres were introduced to impart

Y WLYTEIKLH C. Road ahead

ELKLTDLKNºLKOLG3PGKJLT7; Business Responsibility Report

q UIPVWL4KY4KUIPV$LI&LLELKLT$LLK q Life and Non life Insurance Business

$LKLrI¶L-'LLVLTBEIMB<¶LL b. Number of National Locations

EB*LVI^LKLMTGP3L$LLULK-'LLVI¶L!KL5¶L!KLrI¶L!WB3LKL;rI¶L 10. Markets served by the Company – Local/State/National/

QRE3LL*LXBUI WLC; VWLK

EKLTBET*L1LL3L_ERZZL)L WLC; VWLK

C; K%SOLVGLGPK e. Blood Donation Camps