SaraswatBank AR 2010-11 FINAL 20110727

30000
19186.27
20000
27312.95
18000
23517.08
25000
16000
21029.26
13874.10
14000
18879.13
20000
17071.06
15622.82
12000
15295.40
15000
10745.47
10000
8000
10000
6000
4000
5000
2000
0
2007
2008
2009
2010
2011
2007
1600
2009
2010
2011
1473.49
1400
1200
2008
1270.37
1130.95
1174.21
1042.40
1000
800
600
400
200
0
2007
15800.96
16000.00
2008
2009
2010
2011
11511.99
12000
14266.73
14000.00
12918.85
12000.00
10000.00
10000
9250.35
11430.82
8110.41
7448.31
8000
8924.94
6370.46
6000
8000.00
6000.00
4000
4000.00
2000
2000.00
0.00
2007
2008
2009
2010
2011
2007
2008
2009
2010
2011
Annual Report 2010-11
THE SARASWAT CO-OPERATIVE BANK LIMITED

(A SCHEDULED BANK)
z
REGISTERED OFFICE
: Madhukosh, S.V. Sovani Path,

Girgaum, Mumbai 400 004.
CORPORATE CENTER
: Saraswat Bank Bhavan,

Plot No. 953, Appasaheb Marathe Marg,
Prabhadevi, Mumbai 400 025.
Website: www.saraswatbank.com
DATE OF ESTABLISHMENT
: September 14, 1918.
NO. AND DATE OF RBI LICENSE
: ACD-MH-220-P, dated 27.08.1980.
AREA OF OPERATION
: ALL INDIA
AUDIT CLASSIFICATION
: A (Since 1933, i.e. the year in which

we were registered as a Bank).
--- ANNUAL REPORT 2010-11 ---
CONTENTS:
1. Notice ..................................................................................................................................................... 2
2. Board of Directors, Auditors, Legal Advisors and Bankers...................................................................... 3
3. Performance Highlights ........................................................................................................................... 4
4. Report of the Board of Directors.............................................................................................................. 5
5. Concise Report of the Board of Directors in Marathi............................................................................. 56
6. Statutory Auditors Report ..................................................................................................................... 93
7. Balance Sheet as at 31st March, 2011.................................................................................................. 94
3URWDQG/RVV$FFRXQWIRUWKH\HDUHQGHGVW0DUFK.............................................................. 96
9. Schedules forming part of Accounts for the year ended 31st March, 2011 ........................................... 98
10. Notes to Accounts for the year ended 31st March, 2011..................................................................... 104
11. Cash Flow Statement .......................................................................................................................... 113
12. Progress at a Glance........................................................................................................................... 114
13. Involvement of Small Man ................................................................................................................... 116
14. Report of the Board of Directors of Saraswat Infotech Ltd. ................................................................ 117
15. Statutory Auditors Report of Saraswat Infotech Ltd. .......................................................................... 120
16. Balance Sheet of Saraswat Infotech Ltd. as at 31st March, 2011....................................................... 122
3URWDQG/RVV$FFRXQWRI6DUDVZDW,QIRWHFK/WGIRUWKH\HDUHQGHGVW0DUFK ................... 123
18. Schedules forming part of Accounts of Saraswat Infotech Ltd. for the year ended 31st March, 2011. .124
19. Cash Flow Statement (AS3) of Saraswat Infotech Ltd. . ..................................................................... 131
%DODQFH6KHHW$EVWUDFWDQG*HQHUDO%XVLQHVV3UROHRI6DUDVZDW,QIRWHFK/WG .............................. 132
21. Attendance Slip. .................................................................................................................................. 133
22. Form A Request to send the Annual Report in Marathi / to send the Annual Report
electronically from FY 2011-12............................................................................................................ 135
1
NOTICE
The Ninety-third Annual General Meeting of the Members of
The Saraswat Co-operative Bank Ltd., will be held on Thursday,
14th July, 2011 at 4.00 p.m. at Yogi Sabhagruha, near Dadar
Central Railway Station, Behind Swami Narayan Mandir, Dadar
(East), Mumbai 400 014 to transact the following business
concerning the Bank: 1.
To consider and approve the Annual Accounts, which

consist of the Report of the Board of Directors, the Report
RIWKH6WDWXWRU\$XGLWRUVWKH%DODQFH6KHHWDQGWKH3URW
and Loss Account, for the year ended 31st March, 2011.

7R DSSURSULDWH QHW SURW DQG GHFODUH GLYLGHQG DV

recommended by the Board of Directors for the year ended
31st March, 2011.

7R DSSRLQW 6WDWXWRU\ $XGLWRUV IRU WKH QDQFLDO \HDU

DQG WR DXWKRUL]H WKH %RDUG RI 'LUHFWRUV WR [
their remuneration. The Board of Directors recommends
M/s Kulkarni & Khanolkar, Chartered Accountants, 13/14,
Bell Building, Sir P.M. Road, Fort, Mumbai 400 001; for
appointment as Statutory Auditors.
4.
To approve amendment to the Banks Bye-law No. 4.
5.
To approve amendment to the Banks Bye-law No. 7.
6.
To place for consideration and adoption, the Annual Report

and Audited Accounts of Saraswat Infotech Ltd. (Banks
wholly-owned subsidiary company, registered under
Companies Act, 1956), which consist of the Report of the
Board of Directors, the Report of the Statutory Auditors,
WKH%DODQFH6KHHWDQGWKH3URWDQG/RVV$FFRXQWIRUWKH
year ended 31st March, 2011.
7.
To grant Leave of Absence to the members of the Bank

other than to those whose names appear in the Attendance
Register of this 93rd Annual General Meeting.
By Order of the Board of Directors

Sd/S. K. Banerji
Managing Director
Mumbai : 30th April, 2011
NOTE: The printed Annual Report of the Bank consisting of the Report of the Board of Directors, the Report of the Statutory Auditors,
WKH%DODQFH6KHHWDQGWKH3URWDQG/RVV$FFRXQWIRUWKH\HDUHQGHGVW0DUFKLVHQFORVHGWRWKLV1RWLFH
The printed Annual Report consisting of the Report of the Board of Directors, the Report of the Statutory Auditors, the Balance Sheet
DQGWKH3URWDQG/RVV$FFRXQWRI6DUDVZDW,QIRWHFK/WG%DQNVZKROO\RZQHGVXEVLGLDU\IRUWKH\HDUHQGHGVW0DUFKLV
also enclosed to this Notice.
If there is no quorum for the Meeting at the appointed time, in terms of Bye-law No. 48, the Meeting shall stand adjourned to 5.00 p.m,
on the same day and the Agenda of the Meeting shall be transacted at the same venue irrespective of the Rule of Quorum.
Dividend, when declared, will be paid on or after 20th July, 2011, to those shareholders whose shares are fully paid as on 31st March,
2011 and whose names are on the record of the Bank as on 18th June, 2011.
If any member desires to have information in connection with the Accounts, he/she is requested to address a letter to the Managing
'LUHFWRURIWKH%DQNWRUHDFKKLVRIFHDW7KH6DUDVZDW&RRSHUDWLYH%DQN/WG6DUDVZDW%DQN%KDYDQ&RUSRUDWH&HQWHUWKRRU
Plot No. 953, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025, not later than 11th July, 2011, so that the required information
may be made available at the Annual General Meeting.
TO SERVE YOU BETTER:
1.
Shareholders are hereby requested to kindly verify their name and address on the Annual Report sent to them. Change in
address, if any, may kindly be intimated by post or by e-mail to Share Department of the Bank for updating Banks records.
E-mail address of the Share Department is incharge_sharedepartment@saraswatbank.com
2.
Shareholders are requested to avail of the nomination facility by submitting prescribed Nomination Form, as required under
Section 36 of the Multi-State Co-operative Societies Act, 2002 and Bye-law No. 19.
3.
Shareholders having Current/Savings Bank/Cash Credit accounts with the Bank and desirous of crediting their dividends to
their accounts are once again requested to record their standing instructions with the Share Department.
4.
Kindly despatch Form A on page no. 135 requesting Annual Report in Marathi, if you so desire / or requesting to send the
Annual Report in English electronically - to our Share Department.
Unclaimed Dividend
Notice is hereby given that dividend for the year ended March 31, 2008 (87th Dividend) if not drawn on or before
31st October, 2011, will be forfeited by the Bank and credited to the Reserve Fund in terms of Bye-law No. 68A.
BOARD OF DIRECTORS
(As on 31st March, 2011)
Shri E. K. Thakur, B.A. (Hons.), C.A.I.I.B.

Chairman
Shri K. V. Rangnekar, M.A.

Vice-Chairman
DIRECTORS
Shri M. K. Mantri, M.A.
Late Shri R. K. Patkar, B.A. (Hons.), B.Com.
(upto 22nd July, 2010)
Late Dr. Subhash V. Bhende, M.A., Ph.D.
(upto 20th December, 2010)
Shri A. V. Dubhashi, B.Com., A.C.A.
Shri S. V. Deshpande, B.Com., LL.B.
Shri H. M. Rathi, B.Com.
Shri S. D. Panse, B.Com., F.C.A.
Shri S. S. Sanzgiri, B.A.

Shri A. A. Pandit, B.Com., F.C.A, D.B.F.
Shri S. S. Shirodkar, Dip. (Indl. Electr.), PGDM
Shri S. V. Saudagar, B.Com., F.C.A., D.I.S.A.
Dr. (Mrs.) Anuradha P. Samant, M.B.B.S.
Shri M. V. Desai, B.Com.
Shri S. K. Banerji, B.Sc. (Hons.), D.B.M., LL.M., FIIBF.

Managing Director
ADVISOR TO THE BOARD
Shri N. R. Warerkar, B.Com., C.A.I.I.B.
ADVISOR FOR PROJECTS
Shri S. N. Sawaikar, M.Com., DMA, C.A.I.I.B.
Principal Advisor (BPR)
STATUTORY AUDITORS
M/s Kulkarni & Khanolkar, Chartered Accountants
LEGAL ADVISORS
Dr. B. R. Naik, LL.M., Ph.D.
Shri A. V. Sabnis, LL.B.
Shri K. M. Naik, B.A., LL.B.
Shri S. N. Inamdar, B.Com., LL.B.
M/s Little and Company

Govind Desai Associates
Shri Shekhar Naphade, B.A., LL.B.
BANKERS
State Bank of India,
Bank of India,
HDFC Bank Ltd.,
Wells Fargo Bank N.A.,

Standard Chartered Bank Ltd.,
ICICI Bank Ltd.
WHOLLY-OWNED SUBSIDIARY
SARASWAT INFOTECH LIMITED
Shri E. K. Thakur, B.A. (Hons.), C.A.I.I.B.
Chairman
Shri S. K. Sakhalkar, M.Com., PGD (I.R.), PGD (Comp. Sc.)
0DQDJLQJ'LUHFWRU &KLHI([HFXWLYH2IFHU
Shri D. M. Chandgadkar, M.Com., LL.B., C.A.I.I.B., A.C.S.
&KLHI'RPDLQ2IFHU
3
PERFORMANCE HIGHLIGHTS
Table A
Particulars
Total Income
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*URVV3URW
Less: Provisions
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/HVV,QFRPH7D[
1HW3URWDIWHU7D[DQGEHIRUH([FHSWLRQDO,WHPV
/HVV([FHSWLRQDO,WHPV
1HW3URW
Own Funds
Share Capital
Reserves and Surplus
Deposits
Current
Savings
Term
Advances
Secured
Unsecured
Priority Sector
% to Advances
Small Scale Industries
Small Businessmen and Traders
Other Priority Sectors
Working Capital
Investments
%RUURZLQJVDQG5HQDQFH
Net NPAs (%)
Capital Adequacy (%)
Number of Members
Regular *
Nominal
Number of Branch Licences/Branches
Number of Employees
Productivity per Employee
3URWSHU(PSOR\HH` in lac)
Return on Average Assets (%)
Net Interest Margin (%)
6KDUHKROGHUVKROGLQJIW\VKDUHVDQGDERYH
4
(` in Crore)
FOR THE YEAR ENDED
31-Mar-10
31-Mar-11
1,458.20
1,690.86
1,242.36
1,332.67
215.84
358.19
36.68
63.39
179.16
294.80
40.00
81.23
139.16
213.57
19.49
1.30
119.67
212.27
AT THE YEAR END
1,270.37
1,473.49
86.23
102.83
1,184.14
1,370.66
14,266.73
15,800.96
1,244.30
1,050.94
3,003.37
3,513.15
10,019.06
11,236.87
9,250.35
11,511.99
9,151.61
11,433.19
98.74
78.80
5,300.48
5,765.90
57.30%
50.09%
2,946.54
2,443.75
689.47
526.94
1,664.47
2,795.21
17,071.06
19,186.27
5,321.39
5,253.77
562.00
845.62
0.00
0.00
14.63
12.74
1,34,417
4,94,292
200
2,911
8.08
4.11
0.74
2.61
1,62,560
5,26,331
216
3,338
8.18
6.36
1.16
3.52
% Change
15.96%
7.27%
65.95%
72.82%
64.55%
103.08%
53.47%
-93.33%
77.38%
15.99%
19.25%
15.75%
10.75%
-15.54%
16.97%
12.15%
24.45%
24.93%
-20.19%
8.78%
-17.06%
-23.57%
67.93%
12.39%
-1.27%
50.47%
0.00
REPORT OF THE BOARD OF DIRECTORS

Dear Members,
Your Directors have great pleasure to present the
Ninety-third Annual Report on the business and the
operations of your Bank together with the Audited
Accounts for the year ended 31st March, 2011.
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comprehensive because besides the shareholders,
they are read by all stake-holders, including our
employees. Your Board of Directors publishes such
Annual Reports because it believes that reducing
information asymmetry between insiders and
outsiders is vital to good corporate governance.
:HZRXOGOLNHWREULHI\RXUVWRQWKHJOREDOVFHQDULR
that prevailed during the period under Report.
1.
THE GLOBAL ECONOMY AND INDIA:
The world economy entered FY 2010-11 on a stronger

note as compared to the preceding year, emerging
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advanced economies, the US economy registered
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orders, business activity and consumer spending.
However, US economic growth faced various risks
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weak labour market and tightening Policy rates in
the emerging economies. To sustain growth, the
US Federal Reserve (FED) came out with another
round of quantitative easing (QE2) and decided to
buy Government securities aggregating to USD 600
ELOOLRQ2YHUDOOWKHTXDQWLWDWLYHHDVLQJZDVH[SHFWHG
WRH[SDQGWKHPRQH\VXSSO\DQGSURYLGHWKHLPSHWXV
for credit creation and spending. The fourth quarter
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level but a sustained higher unemployment level at
8.8 per cent. For the whole of FY 2010 (January'HFHPEHUWKH86HFRQRP\H[SDQGHGSHUFHQW
after shrinking 2.6 per cent in FY 2009 (January'HFHPEHU,QWKHQHZQDQFLDO\HDUWKH86
debt situation received a reality check as Standard
& Poors (S & P) downgraded the credit outlook for

the US from stable to negative, citing a failure to
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S & P also indicated a one-in-three chance that it
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A downgrade in the credit rating will cause a spike in
mortgage rates and tighten credit conditions across
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LQ FRPLQJ TXDUWHUV DV UHHFWHG LQ WKHLU UVW TXDUWHU
(January-March 2011) growth of only 1.8 per cent.
As regards the Euro Zone, the pace of recovery
during the year seemed fragile as wide divergences in
economic growth between the core and the peripheral
members became more ingrained. High level of
unemployment, combined with subdued private
consumption raised concerns about the impact of
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the risk of a possible derailment of the recovery
in Europe. Germany remained the main driver of
growth in the region. The debt and macroeconomic
problems in Portugal, Ireland, Greece and Spain
(PIGS) persisted. In case of Portugal, its sovereign
rating was downgraded by one notch by Moodys
from A3 to Baa1, i.e. junk status.
Economic recovery in the U.K. accelerated
considerably during the initial part of this year,
driven by private sector spending. The fourth quarter
however saw some hiccups, following a sharp
slump in construction and investment activity. The
downsides remain in the form of weak housing
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The economic growth in Japan remained robust
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FY 2011-12. This will be primarily due to the low
base effect of 2010 wearing off, as well as concerns
over the impact of the recent earthquake, tsunami
and nuclear power-plant crises. In its efforts to calm
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recent disasters, the Bank of Japan recently pumped
$147.2 billion funds into the money market.
5
Emerging markets continued to outperform the

advanced economies, with Asia in the lead. China
and India have led Asia in its growth revival. Loose
monetary policy in developed economies, appreciating
Emerging Markets (EM) currencies, robust growth
and high interest rate differentials vis--vis developed
economies attracted investors to emerging markets.
The Indian Economy:
During the year under review, the Indian economy
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GDP growth, at 8.5 per cent for FY 2010-11,
reverted to its earlier high growth trajectory aided by
a rebound in agricultural growth, with the services
sector maintaining its momentum.
Satisfactory kharif production and higher rabi
sowing contributed to the agricultural growth, which
stood at 5.4 per cent for FY 2010-11. The Services
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9.4 per cent for FY 2010-11. Industrial growth
recorded an increase of 8.2 per cent during
FY 2010-11, driven by the performance of the
manufacturing and the mining sectors. A higher base
effect had an adverse impact on the industrial growth
rate in the second half and it resulted in moderating
the contribution of the industrial sector to the GDP.
Terming Indias economic recovery as robust,
the World Bank in its India economic update, has
projected the Indian economy to grow by about
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Price situation:
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concern during the year, remaining in double digits
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in particular, has remained in double digits for more
than a year, thereby prompting the Reserve Bank of
India (RBI) to shift its accommodative policy stance
to a tightening one, through repetitive rate hikes. The
RBI increased the key Repo rate seven times during
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remain above the target level throughout the year.
6
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kharif crops. However, the easing was short-lived
DV LQDWLRQ QXPEHUV once again spiralled owing to
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The higher than e[SHFWHG :3, QXPEHUV KDYH
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forecast upward from 5.5 per cent estimated earlier
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2011 was at 9.1 per cent, which is well above the
RBIs revised rate.
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an uncertain outlook on international commodity
prices (with the Brent Crude category at USD 108.6
per barrel in March 2011), incomplete pass-through to
domestic prices and possibility of prices of food, fuel,
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Overall, the economy is currently facing an acute
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there seems a distinct possibility that the rate hike
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Fiscal situation:
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in FY 2010-11 against the budgeted estimate of
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revenues remained the prime reasons for the arrest
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WR FDUU\ IRUZDUG WKH SURFHVV RI VFDO FRQVROLGDWLRQ
LQ )< WKURXJK ORZHULQJ RI H[SHQGLWXUH E\
pegging it at 4.6 per cent of GDP. However, controlling
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burden arising out of high international oil prices, the
effect of which has not yet been completely passed on.
Monetary and Liquidity Conditions:
Broad Money supply (M3) growth at 15.9 per cent
y-o-y during FY 2010-11 was lower than RBIs
estimate of 17 per cent.
RBI had estimated 18 per cent rise in deposits. During
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appeared relatively unattractive. However, owing to
tight liquidity conditions, Banks raised deposit rates

sharply during the last quarter of the year. Resultantly,
deposit mobilization gathered momentum leading
to money supply growth. This reduced the Banks
dependence on LAF borrowing which at one point
of time had crossed ` one hundred thousand crore.
The non-food credit growth registered 21.2 per cent
rise by March 2011 which was marginally higher than
RBIs projections of 20 per cent. Investment demand
in the economy had thus resumed its buoyancy.
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tight liquidity conditions. They mostly remained
above the upper bound of the LAF corridor. With
strong credit growth not matched by commensurate
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E\UDLVLQJ&HUWLFDWHRI'HSRVLWV&'VDWKLJKHUWKDQ
their deposit rates.
Financial Markets:
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higher note for the Indian equity market. Stock
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and impressive corporate performance. The equity
market underachieved and remained volatile during
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macroeconomic uncertainties. Overall, the BSE
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19,445 as on 31st March, 2011.
Debt markets witnessed an upward shift in G-sec
yields across the curve due to RBIs tightening
monetary stance. The benchmark 10-year yield
hardened from 7.84 per cent to 8.23 per cent by
January 2011. However, by end-March 2011, it
settled at 7.98 per cent on the back of lower than
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The Indian Rupee, which opened at 44.77 to a
US Dollar for the year, closed at 44.60 to a US
Dollar as on 31st March, 2011. The Indian Rupee
ODUJHO\H[KLELWHGDWZRZD\PRYHPHQWDJDLQVWPDMRU
currencies, without any intervention or active capital
management. Such maturity of our national currency,
if it continues in future, may pave the way for renewed
efforts towards capital account convertibility.
Silver surged to an all-time high of $ 49.82 per
troy ounce, while gold hit a new record of $ 1,519
per ounce on the back of a weak US Dollar as the

Federal Reserve had determined to keep interest
rates near record lows. When policy interest rates
are low, people keep or transfer their savings often to
precious metals. FEDs interest rate Policy will thus
continue to fuel the demand for alternatives to the
US Dollar such as precious metals.
Overall Assessment:
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a percentage point lesser than in FY 2010-11, with
the fundamentals remaining strong. Apprehensions
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eight months and will pose a major challenge to the
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the comfort level of RBI. With commodity prices, and
in particular, crude oil prices remaining at elevated
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WREHPRUHDGYHUVHWKDQZDVH[SHFWHGHDUOLHU5%,
LV H[SHFWHG WR PDLQWDLQ WLJKWHU OLTXLGLW\ FRQGLWLRQV
as well as go in for tightening of Policy rates during
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money policy will result in higher interest rates
on deposits and advances, lesser credit growth,
higher yields on G-secs which all will, in turn,
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a trade-off between sustenance of high growth and
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for RBI.
Measures taken by RBI:
RBI is engaged in a constant endeavour to deepen
DQGLPSURYHWKHEDQNLQJDQGQDQFLDOVHFWRULQ,QGLD
through a host of measures. A few such measures
WDNHQ E\ 5%, GXULQJ WKH QDQFLDO \HDU DUH
listed below:
z
RBI, which had followed an accommodative

Monetary Policy in FY 2009-10, shifted its
stance decisively from growth preservation to
DQFKRULQJ LQDWLRQ 6LQFH WKH EHJLQQLQJ RI WKH
QDQFLDO \HDU 5%, UDLVHG WKH 5HSR
Rate by 175 bps from 5.00 per cent to 6.75
per cent, Reverse Repo Rate by 225 bps from
7
3.50 per cent to 5.75 per cent and Cash Reserve

Ratio (CRR) by 100 bps from 5 per cent to
6 per cent.
In order to maintain appropriate and adequate
level of liquidity, RBI reduced the Statutory
Liquidity Ratio (SLR) to 24 per cent for Scheduled
Commercial Banks. It also carried out special
LAF auctions and announced bond purchases
under its Open Market Operations (OMO).
Immediate Future of the Indian Economy:
The preliminary estimates of the India Meteorological
Department (IMD) indicate a normal rainfall in
FY 2011-12, brightening the prospects of a higher
IDUPRXWSXWDQGDOOD\LQJFRQFHUQVRYHUULVLQJLQDWLRQ
There is a short-term trade-off between growth and
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the cost of credit and such a remedy used to bring
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Alongside the increase in Policy rates by RBI, the
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D UHGXFWLRQ RI VFDO GHFLW IURP SHU FHQW LQ
FY 2010-11 to 4.6 per cent in FY 2011-12, should
also prima-facie lead to slower growth. This
VORZHU JURZWK ZLOO DJDLQ SXW SUHVVXUH RQ WKH VFDO
target. Thus, over the near-term and particularly in
FY 2011-12, we are in for tough times almost closer
to those of FY 2009-10.
Over the long-term however, even at an annual GDP
growth of 7.5 per cent to 8 per cent, India, with its
favourable demographics, abundant entrepreneurial
talent, high local consumption, high savings rate,
hard-working populace and a strong banking system
makes for a positive and promising future for our
nation. There are serious issues, though of high
VFDOGHFLWKLJKHUJRYHUQDQFHGHFLWDQGUDPSDQW
corruption at all levels, which all need to be fought
with determination and relentlessness.
For further strengthening the capital base of the

banks, RBI has issued various guidelines on:(i)
2.
MAJOR DEVELOPMENTS IN BANKING AND

FINANCIAL SECTOR IN INDIA:
The BPLR system has been replaced by the

Base Rate for commercial banks, effective from
-XO\DQGWKLVFRQFHSWKDVQRZEHHQUPO\
set in the Banking Industry,
Advanced Measurement Approach

for calculation of capital charge for
operational risk,
LL &ODVVLFDWLRQ RI UHJXODWRU\ FDSLWDO

instruments in their balance sheets,
(iii) Use of internal models for calculation
of capital charge for market risk,
z
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that will be considered as priority sector for
lending targets,
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5%,KDVQRWLHGUHOD[DWLRQVLQEUDQFKOLFHQVLQJ
policy regarding Regional Rural Banks,
RBI has asked all banks to put in place additional

security measures for credit card transactions,
RBI has issued penalties for banks in case of

overcharging to credit card customers,
RBI has constituted a Committee on customer

service in banks under the Chairmanship of
Shri M. Damodaran, former Chairman, SEBI.
It has also constituted a Working Group for
the implementation of International Financial
Reporting Standards (IFRS),
Besides imposing a monetary penalty for

bouncing of SGL transfer forms, RBI has asked
banks to make additional disclosures to enhance
transparency in their operations:(i)
Reporting of repo trades in corporate

bonds to various clearing corporations,
(ii) Reporting of OTC transactions in

&HUWLFDWH RI 'HSRVLWV &RPPHUFLDO
Paper on the FIMMDA platform,
z
With regard to the debt market, RBI has

introduced steps for further deepening the
markets as follows:(i)
Stripping / reconstitution of Government

securities for trading on receipt of
interest coupon,
(ii) Allowing more participants in the
FXUUHQF\IXWXUHVDQGH[FKDQJHWUDGHG
currency options market,
facing the nations Urban Co-operative

Banking sector.
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5%, KDV QRWLHG WKH FHLOLQJ RQ UXSHH H[SRUW

credit interest rates,
3.
RBI has amended pricing guidelines for transfer

of equity instruments from a resident Indian to
a non-resident Indian and vice-versa under the
FDI route,
6SHFLFPHDVXUHVXQGHUWDNHQE\5%,IRUWKH8UEDQ
&RRSHUDWLYH %DQNLQJ VHFWRU GXULQJ WKH QDQFLDO
year 2010-11 are listed below:
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RQ FOHDULQJ UHODWHG RYHUGUDIWV H[WHQGHG E\
clearing house managing banks for settling
clearing obligations of member banks.
Other Important Developments:
z
RBI has allowed well-managed Urban

Co-operative Banks (UCBs) to set up off-site
ATMs, without seeking approval through the
Annual Business Plans.
RBI has issued revised norms for UCBs on

H[SRVXUHWRWKHUHDOHVWDWHDQGFRPPHUFLDOUHDO
estate sectors.
RBI has issued norms regarding submission of

data by UCBs to credit information companies.
z
5%,KDVHQKDQFHGWKHH[LVWLQJOLPLWVIRU8&%V
which are compliant with the regulatory CRAR,
on individual unsecured loans and advances,
subject to overall ceiling of 10 per cent of total
assets.
z
5%,KDVH[HPSWHG8&%VPDLQWDLQLQJD&5$5
of 12 per cent or above on a continuous basis,
IURPWKHH[WDQWPDQGDWRU\VKDUHOLQNDJHQRUPV
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5%, KDV OLPLWHG WKH H[SRVXUH RI 8&%V WR

housing, real estate and commercial real estate
loans to 10 per cent of their total assets, instead
RIWKHH[LVWLQJSHUFHQWRIGHSRVLWV
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5%, KDV QRWLHG OLEHUDOL]DWLRQ LQ WKH QRUPV

UHJDUGLQJWKHH[WHQVLRQRIDUHDRIRSHUDWLRQDQG
RSHQLQJRIEUDQFKHVDQGH[WHQVLRQFRXQWHUVE\
UCBs.
RBI
has
allowed
well-managed
and
QDQFLDOO\ VRXQG 8&%V WR HQJDJH %XVLQHVV
Correspondents (BCs)/ Business Facilitators
(BFs) using Information and Communications
Technology (ICT) solutions.
z
5%,KDVFRQVWLWXWHGDQH[SHUW&RPPLWWHHXQGHU
the Chairmanship of Shri Y. H. Malegam for
studying the advisability of licensing new Urban
Co-operative Banks.
RBI has revised the threshold limit for customer

transactions in the RTGS system from ` 1 lac to
` 2 lac and above,
z
Mergers of State Bank of Indore with State

Bank of India and of Bank of Rajasthan with
ICICI Bank became operational and branches
of State Bank of Indore and Bank of Rajasthan
started functioning as branches of State Bank
of India and ICICI Bank respectively from the
month of August 2010.
Mr. Anand Sinha took over as the Deputy
Governor of RBI on 19th January, 2011
from Mrs. Usha Thorat. It must be gratefully
acknowledged that during the tenure of
Mrs. Thorat, the periodicity and quality of
dialogues with UCBs improved vastly and
many important issues confronting the Urban
Co-operative Banking sector, which we had
voiced from time-to-time, were not only
deliberated upon but were also satisfactorily
DQG HIFLHQWO\ UHVROYHG 2XUV EHLQJ WKH
largest co-operative bank in the sector, your
Board of Directors takes this opportunity to
specially express and record its deep sense
of gratitude to Mrs. Usha Thorat, the then
Dy. Governor, RBI, for the guidance she gave
to your Bank from time-to-time and for the
pro-active and constructive manner in which
she addressed the long standing issues
MAJOR DEVELOPMENTS IN THE URBAN

CO-OPERATIVE BANKING SECTOR:
4.
THE COVER PAGE: AB SARA HINDUSTAN

HAMARA !
We have truly become an All-India Bank now. As
you are aware, over the past 92 years, we have
JUDGXDOO\REWDLQHGVL[6WDWHVRI,QGLDDVRXUDUHDRI
operation and thereafter in 2009, we had amended
our Bye-laws and had applied to RBI for granting
us the area of operation of the entire Union of
India. The RBI vide their letter no. UBD/MRO/BSS
I/6490/12.07.228/2010-11 dated 4th January, 2011
KDVUHVSRQGHGWRRXUUHTXHVWDQGKDVH[WHQGHGWKH
DUHD RI RSHUDWLRQ RI WKH %DQN IURP WKH SUHVHQW VL[
States (Maharashtra, Karnataka, Gujarat, Madhya
Pradesh, Goa and Delhi) to the entire Union of India
(comprising 28 States and 7 Union Territories of our
nation). We are therefore, in a position to apply for
the opening of our Banks branches in all parts of
,QGLDQRZIRUVRPHRIZKLFKZHKDYHDOUHDG\OHG
an application. Your Bank has thus truly become an
All-India Bank now. This permission has been possible
because of the impressive performance put up by your
Bank during the last seven years in particular. All staff
members of the Bank belonging to various cadres in
the Bank deserve the credit for this glory.
5. CHAIRMANS SPEECH 2010 IN RETROSPECT:
The performance of your Bank for the FY 2009-10 was
lack-lustre as the whole Indian economy was facing the
severe aftermath of global recession. In that backdrop,
the Chairman of your Bank, Shri E. K. Thakur, in his
speech at the Ninety-second Annual General Meeting
held on 25th September, 2010 had announced
that the Bank had achieved a business level of
` 24,000 crore by the time of that A. G. M.; the overall
performance of the Bank in various key parameters
had also shown remarkable improvement in the
post 31st March, 2010 period and that the Bank
ZDV H[SHFWHG WR UHWXUQ WR UREXVW SURWV DQG WR
DFKLHYH D QHW SURW RI RYHU ` 200 crore during
FY 2010-11. Your Bank is proud to inform you
that we have not only maintained the pace of
improvement post 31st March, 2010 but have also
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parameters and have also proved the Chairman right
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10
'XULQJ)<WKHJURVVSURWRI\RXU%DQNKDV
crossed `FURUHIRUWKHUVWWLPHLQWKHKLVWRU\RI
your Bank to stand at ` 358.19 crore, an impressive
rise of 65.95 per cent on a y-o-y basis. The net
SURW EHIRUH WD[ KDV UHJLVWHUHG D VWHHS MXPS RI
64.55 per cent to reach ` 294.80 crore. The net
SURW DIWHU WD[ KDV DOVR LPSURYHG E\ D ZKRSSLQJ
77.38 per cent to reach ` 212.27 crore. Thus, as
indicated in the Chairmans speech, the Bank has
UHWXUQHGWRUREXVWSURWV
Members will kindly recall that your Board of
Directors had promised to deliver a business level of
` 25,000 crore by 31st March, 2011 under Dr. Adarkar
Mission-II. We are happy to inform here that the target
of ` 25,000 crore was achieved in November 2010
itself and with the concerted efforts of the dedicated
workforce, your Bank today has to its credit a total
business of over ` 27,000 crore as on 31st March,
2011. Along with rise in the business level, your Bank
has also shown improvement in key ratios viz. Credit
Deposit Ratio (72.86 per cent as on 31st March,
2011 as against 64.84 per cent as on 31st March,
2010), Cost to Income Ratio (49.26 per cent as on
31st March, 2011 as against 56.86 per cent as
on 31st March, 2010), Net Interest Margin (3.52
per cent as on 31st March, 2011 as against 2.61 per
cent as on 31st March, 2010) and Return on Average
Assets (from 0.74 per cent as on 31st March, 2010
to 1.16 per cent as on 31st March, 2011) while
maintaining net NPA level at zero per cent for the
seventh consecutive year.
)RUWKHSUHYLRXVWZRQDQFLDO\HDUVYL])<
and FY 2009-10, the banking sector was passing
through turbulent times. It is a great feeling now
to have emerged not only unscathed but also
WULXPSKDQW IURP WKDW VRUGLG H[SHULHQFH <RXU %DQN
is fundamentally strong and both in the midst of
GLIFXOWWLPHVDQGLQWKHWLPHVRIDJJUHVVLYHJURZWK
ZHKDYHPDQDJHGWRNHHSDUPFKHFNRQWKHDVVHW
quality. As we move forward, the focus will remain on
preserving the asset quality and robustness of the
Bank, reaching out to a wider community through
a footprint of a larger branch network and secure
inclusive growth. In the coming year too, it will be
the endeavour of your Bank to effectively pursue and
H[HFXWHDPXOWLGLPHQVLRQDOVWUDWHJ\JHQHUDWLRQRI
business growth, a healthy bottomline, maintaining
asset quality, achieving a strong CRAR, upgradation
of technology and continued investment in human
resources of the Bank for enhancement of their
knowledge and skills as also for improvement in
customer service.
6. MAJOR ACHIEVEMENTS DURING FY 2010-11:
During the year, your Bank has actively pursued its
set goals, within the regulatory framework and in a
FRPSOH[ H[WHUQDO HFRQRPLF HQYLURQPHQW 7KH NH\
achievements of your Bank during FY 2010-11 are
as follows:
(A) During the FY 2010-11, total business of the
Bank (i.e. deposits plus advances) increased
from ` 23,517.08 crore as on 31st March, 2010
to ` 27,312.95 crore as on 31st March, 2011
i.e. an absolute growth of ` 3,795.87 crore and of
16.14 per cent, on a year-on-year (y-o-y) basis.
(B) The deposits grew from ` 14,266.73 crore as
on 31st March, 2010 to ` 15,800.96 crore as on
31st March, 2011 i.e. a rise of 10.75 per cent,
while advances increased from ` 9,250.35 crore
as on 31st March, 2010 to ` 11,511.99 crore as
on 31st March, 2011 i.e. a rise of 24.45 per cent.
(C) You are aware that during the last quarter of FY
2009-10, we had acted as a nodal intermediary
for MHADA. In that role, we had garnered a total
MHADA-related business of ` 1,340.34 crore.
Though that business was for a period of
three-four months, as we procured it in the
ODVW TXDUWHU RI WKDW QDQFLDO \HDU LW KDG JRW
UHHFWHG LQ WKH DQQXDO EXVLQHVV QXPEHUV IRU
FY 2009-10. Deposits and advances so
garnered under the MHADA scheme are
considered a transient addition to our business.
If that transient business is deducted, then
as the MHADA-related business is out of our
books now, the growth year-on-year over
FY 2009-10 of total business stood at
` 5,136.21 crore of which growth in deposits
stood at 18.35 per cent, while advances over
the same period scaled up by 30.25 per cent,
both of which are much higher than the industry
average (Banking industry deposits grew by
15.37 per cent and advances increased by
20.60 per cent y-o-y during the same period).
(D) The Credit Deposit (CD) Ratio has improved

from 64.84 per cent as on 31st March, 2010
to 72.86 per cent as on 31st March, 2011. This
UHHFWV LPSURYHG EXVLQHVV VHQWLPHQW DV ZHOO
as our aggressive credit marketing. Our credit
RIFLDOV DW DOO OHYHOV DQG RQ ERWK IURQWV UHWDLO
and wholesale - worked ceaselessly, used
LQQRYDWLYH ZD\V H[FHOOHG LQ FUHGLW PDUNHWLQJ
credit processing, sanctions and disbursements.
( 7KHSURWRIWKH%DQNEHIRUHWD[DQGH[FHSWLRQDO
items) has improved from ` 179.16 crore in
FY 2009-10 to ` 294.80 crore in FY 2010-11.
7KH QHW SURW DIWHU WD[ DOVR LPSURYHG IURP
` 119.67 crore in FY 2009-10 to ` 212.27 crore
in FY 2010-11, which is the highest ever net
SURW HDUQHG E\ WKH %DQN VR IDU ,W FRQVWLWXWHV
a sharp rise y-o-y of 77.38 per cent. It must be
admitted that this hefty percentage increase is
partly owing to a low base in FY 2009-10 when
RXUSURWDELOLW\ZDVVHYHUHO\LPSDFWHGEHFDXVH
of a precipitous fall in credit demand and lower
returns on investments. However, even after
accounting for that setback, there is a sharp
DFFHOHUDWLRQRISURWDELOLW\WKLV\HDU
(F) During FY 2010-11, we could reprice deposits
of over ` 1,900 crore with lower interest rates.
This resulted in a drop in the cost of deposits.
A sharp rise in interest income coupled with
drop in cost of deposits has helped Banks Net
Interest Margin (NIM) improve substantially
by 91 basis points on a y-o-y basis from
2.61 per cent as on 31st March, 2010 to
3.52 per cent as on 31st March, 2011.
(G) The Cost to Income Ratio dropped from
56.86 per cent as on 31st March, 2010 to
49.26 per cent as on 31st March, 2011, for the
reasons already stated at (F) above.
+ 7KH 1HW 3URW SHU (PSOR\HH JUHZ IURP
` 4.11 lac as on 31st March, 2010 to ` 6.36 lac
as on 31st March, 2011 in spite of the addition of
427 employees to the total workforce of your Bank.
(I)
The Business per Employee grew from

` 8.08 crore as on 31st March, 2010 to
` 8.18 crore as on 31st March, 2011. This rise
is in spite of the fact that your Bank added 427
employees to its human resources, as pointed
out herein above.
11
(J) All the gross NPAs have been fully provided for
IURPRXUSURWVIURPWLPHWRWLPHDQGWKHUHIRUH
your Bank continued to retain its coveted
position as Zero Net NPA Bank, for the seventh
successive year. The Provision Coverage Ratio
(PCR) of your Bank is a healthy 100 per cent, as
against PCR of 75 per cent, which is prescribed
by RBI for commercial banks.
(K) The own funds of your Bank have increased
from ` 1,270.37 crore as on 31st March, 2010
to ` 1,473.49 crore as on 31st March, 2011.
The Capital to Risk-Weighted Assets Ratio
(CRAR) is now at 12.74 per cent, well above the
9 per cent prescribed by RBI.
/ :HKDYHDGGHGWKLUW\YHQHZEUDQFKHVWRRXU
branch network during the year under Report.
The total number of functional branches grew to
216 as on 31st March, 2011. These include 209
UHJXODUEUDQFKHVVL[60(VDQGRQH2YHUVHDV
Branch.
(M) Business per Branch rose from ` 117.58 crore
as on 31st March, 2010 to ` 126.45 crore as
on 31st March, 2011. This increase in average
business per branch is in spite of the addition
RI WKLUW\YH QHZ EUDQFKHV GXULQJ WKH \HDU
The achievement of per branch business has
WREHVHHQLQWKHFRQWH[WRIWKHFRPSRVLWLRQRI
branches and their average business, which is
as follows:
Table No.1:
(` in crore)
Position as on 31st March, 2011
Legacy Branches (Original Saraswat Bank
branches)
New Branches Legacy
Gandhakosh Branches
Gandhakosh Branches (Transferred from Legacy
Saraswat Bank)
New Branches Gandhakosh
SME Branches
Overseas Branch
TOTAL
No. of
Branches
83
Average
Business
176.21
34
60
3
26.62
67.38
212.68
29
6
1
216
60.25
850.06
253.67
126.45
Thus, the average business per branch, which

stands at ` 126.45 crore is in spite of generally
lower average business of Gandhakosh
branches, as also much lower average
business generally of new branches, which both
constitute nearly two-third of total branches. The
good point is that both these latter two sets of
branches have tremendous potential for growth
12
and these branches will contribute to Dr. Adarkar

Mission-III and IV surely and substantially.
Therefore, achieving a business level of
` 1,00,000 crore before FY 2021 is indeed a
matter of course and a matter of time mainly.
1 2I WKH WKLUW\YH EUDQFKHV RSHQHG GXULQJ WKH
\HDU ZH KDYH RSHQHG YH EUDQFKHV RQ RQH
single day in Ahmedabad, making a decisive
and emphatic entry in that major city. Besides,
we added one branch at Surat and opened one
at Vapi in Gujarat State, thus taking the total
number of branches in the State of Gujarat to
eight, broadening our base in the State.
(O) In FY 2008-09, your Bank had opened a branch
in the National Capital Region, New Delhi at
Lajpatnagar. Your Bank received overwhelming
response in the Delhi region and by
31st March, 2011, the Lajpatnagar branch alone
grossed a business of ` 734.32 crore. Enthused
by this performance, your Bank opened its
second branch in the heart of the National
Capital at Connaught Place, New Delhi during
the year under Report.
7A. THE TEN EVENTFUL YEARS (2001-2011)
OF THE NEW MILLENIUM:
Your Board of Directors is indeed pleased to report
WKHXQSUHFHGHQWHGDQGH[SRQHQWLDOJURZWKWKDW\RXU
Bank has achieved over the last decade, which is
WKH UVW GHFDGH RI WKH QHZ PLOOHQQLXP 'XULQJ WKH
last ten years, the Bank has grown its Balance
6KHHW VL]H E\ QHDUO\ VL[ WLPHV DQG VXUSDVVHG WKH
` 27,300 crore business, which is a remarkable
performance in the history of co-operative banking in
the country. The growing business level is supported
E\DKHDOWK\ERWWRPOLQH7KHDQQXDOQHWSURWRIWKH
Bank over the past decade has grown by more than
eight times.
This remarkable growth was achieved through a
systematic business plan, backed fully by sustained
HIIRUWV E\ RIFHUV DQG HPSOR\HHV DW DOO OHYHOV LQ
the Bank. While achieving the enormous business
growth, your Bank has constantly kept a check
on the asset quality and has also maintained the
productivity ratios.
Incidentally, during all these ten years of historic
SURJUHVV\RXU%DQNKDVWKHEHQHWRIWKHOHDGHUVKLSRI
Shri Ekanath K. Thakur, current Chairman of your Bank.
The following graphs illumine the achievements

of your Bank during the past ten years of the new
millennium. The Bank was established in 1918
and has now completed 93 years of its sojourn in
co-operative banking. The graphs given below seek
to present the impressive progress during the past ten
\HDUVLQFRPSDULVRQWRWKHSURJUHVVPDGHLQWKHUVW
83 years of the last century i.e. from 1918 to 2001.
Comparison of progress made in the 10 years

DV DJDLQVW UVW \HDUV VLQFH
inception (1918-2001):
1.
2.
TOTAL BUSINESS
30000
7KH WZR MX[WDSRVHG JUDSKV XQGHU HDFK LWHPKHDG

VXFK DV WRWDO EXVLQHVV GHSRVLWV HWF VKRZ JXUHV
as on 31.03.2001 and 31.03.2011 respectively.
DEPOSITS
` 15800.96
crore
16000
` 27312.95
crore
27000
14000
24000
12000
18000
(` in crore)
(` in crore)
21000
15000
10000
8000
12000
6000
9000
4000
6000
` 4623.19
crore
2000
3000
` 2817.76
crore
2001
After first 83 years
(1918-2001)
And after further

10 years (2001-2011)
(As on 31.03.2011)
The total business of the Bank reached ` 4,623.19

FURUHLQWKHUVW\HDUV'XULQJWKHSDVW\HDUV
it grew to ` 27,312.95 crore.
2001
(1918-2001)
And after further

10 years (2001-2011)
(As on 31.03.2011)
Deposits reached a level of ` 2,817.76 crore during

WKHUVW\HDUV'XULQJWKHSDVW\HDUVGHSRVLWV
grew to ` 15,800.96 crore.
13
3.
ADVANCES
4.
` 11511.99
crore
12000
BUSINESS PER EMPLOYEE

10
` 8.18
crore
11000
8
10000
7
9000
(` in crore)
6
8000
7000
(` in crore)
4
6000
` 2.57
crore
5000
2
4000
3000
2000
0
2001
(1918-2001)
` 1805.43
crore
1000
0
2001
(1918-2001)
And after further

10 years (2001-2011)
(As on 31.03.2011)
Advances reached a level of ` 1,805.43 crore in the

UVW\HDUV'XULQJWKHSDVW\HDUVWKH\JUHZWR
` 11,511.99 crore as on 31st March, 2011.
14
And after further

10 years (2001-2011)
(As on 31.03.2011)
The Business per Employee, which stood at

` 2.57 crore as on 31st March, 2001, increased
to ` 8.18 crore as on 31st March, 2011 for the
Bank. This steep rise was achieved in spite of the
large-scale mergers; which resulted in absorption of
much of the staff of merged banks and the recruitment
of new staff. The total number of employees grew
from 1,801 as on 31st March, 2001 to 3,338 as on
31st March, 2011 and yet the per employee
productivity improved impressively. The business per
employee in legacy branches (branches of original
Saraswat Bank) has gone up from ` 2.57 crore as on
31st March, 2001 to ` 9.70 crore as on 31st March, 2011.
5.
INVESTMENTS
6.
6000
` 5253.77
crore
18000
16000
4200
14000
3600
12000
(` in crore)
4800
10000
3000
2400
8000
1800
6000
` 1255.54
crore
1200
4000
600
2000
` 19186.27
crore
20000
5400
(` in crore)
WORKING CAPITAL
0
2001
(1918-2001)
And after further

10 years (2001-2011)
(As on 31.03.2011)
'XULQJ WKH UVW \HDUV LQYHVWPHQWV UHDFKHG D

level of ` 1,255.54 crore. During the past 10 years,
they grew to ` 5,253.77 crore.
` 3410.61
crore
2001
(1918-2001)
And after further

10 years (2001-2011)
(As on 31.03.2011)
The working capital of your Bank reached the level of

`FURUHDWWKHHQGRIUVW\HDUV'XULQJ
the past 10 years, it grew to ` 19,186.27 crore.
15
7.
OWN FUNDS
GROSS PROFIT
400
1600
(` in crore)
8.
` 1473.49
crore
1400
360
1200
320
1000
` 358.19
crore
280
800
240
400
(` in crore)
600
` 336.80
crore
200
160
200
120
2001
(1918-2001)
And after further

10 years (2001-2011)
(As on 31.03.2011)
The net owned funds of your Bank reached a

level of ` FURUHLQWKHUVW\HDUV,WJUHZ
during the past 10 years to ` 1,473.49 crore. This
growth in own funds is in spite of the fact that your
Bank invested ` 278.29 crore to acquire the seven
co-operative banks later merged with it as also
the fact that your Bank had to pay a total of
` FURUHLQLQFRPHWD[VLQFH)<EHIRUH
ZKLFK \HDU DOO FRRSHUDWLYH EDQNV ZHUH H[HPSWHG
IURPSD\PHQWRILQFRPHWD[%XWIRURXWJRRQWKHVH
two accounts (` 278.29 crore plus ` 324.23 crore),
own funds of the Bank today may have been of the
order of ` 2,076.01 crore.
16
80
` 53.62
crore
40
0
2001
(1918-2001)
And after further

10 years (2001-2011)
(As on 31.03.2011)
7KH JURVV SURW RI \RXU %DQN KDG UHDFKHG D OHYHO

of ` FURUH LQ 'XULQJ WKH QDQFLDO \HDU
2010-11, it grew to ` 358.19 crore, showing a rise of
` 304.57 crore.
9.
NET PROFIT
10. NET PROFIT PER EMPLOYEE

10
250
225
` 212.27
crore
200
175
` 6.36
lac
150
125
(` in lac)
(` in crore)
100
4
75
50
25
` 23.42
crore
2
` 1.30
lac
2001
(1918-2001)
And after further

10 years (2001-2011)
(As on 31.03.2011)
,QFRPH 7D[ ZDV QRW DSSOLFDEOH LQ WKH \HDU

+RZHYHU LQ WKH \HDU QHW SURW LV DUULYHG DIWHU
GHGXFWLRQRI,QFRPH7D[ZKLFKZDVDW` 81.23 crore.
7KH QHW SURW RI \RXU %DQN URVH IURP ` 23.42 crore
as on 31st March, 2001 to ` 212.27 crore as on
31st March, 2011. Incidentally in FY 2000-01, there
ZDVQROHY\RILQFRPHWD[EHIRUHDUULYLQJDWQHWSURW
2001
(1918-2001)
And after further 10 years

(2001-2011)
(As on 31.03.2011)
7KH 1HW 3URW SHU (PSOR\HH URVH IURP ` 1.30 lac

as on 31st March, 2001 to ` 6.36 lac as on
31st March, 2011.
17
11. GROSS NPA

10
12. NET NPA
9.85%
6.0
5.64%
5.5
5.0
4.5
4.0
3.5
3.0
4
*3.25%
2.5
2.0
1.5
1.0
0
2001
(1918-2001)
And after further

10 years (2001-2011)
(As on 31.03.2011)
The gross NPA to total advances stood at 9.85 per

cent as on 31st March, 2001, nearing double digits.
The Gross NPA was brought down to 3.25 per cent as
on 31st March, 2011. This was possible because of
a) Strong recovery mechanism being in place
and
E (IFLHQW FUHGLW DSSUDLVDO DQG PRQLWRULQJ

resulting in higher percentage of quality
assets
* The gross NPA at 3.25 per cent as on
31st March, 2011 include a large segment of
gross NPAs inherited from the seven merged
banks. (In FY 2001, there were no such additions.
Minus NPAs of merged banks, your Banks gross
NPAs are less than 2 per cent).
18
0.5
0.00%
0.0
2001
(1918-2001)
And after further

10 years (2001-2011)
(As on 31.03.2011)
The net NPA to total advances stood at

5.64 per cent as on 31st March, 2001. This ratio was
brought down to zero per cent as on 31st March,
2005. Your Bank is proud to inform that the said ratio
has been maintained at zero per cent since FY 2005
for the seventh consecutive year. This zero net NPA
status is despite the gross NPAs of seven merged
banks, which your Bank has fully provided for. The
provision coverage ratio is 100 per cent.
13. NO. OF BRANCHES
14. BUSINESS PER BRANCH
250
150
` 126.45
crore
135
225
216
120
200
105
90
(` in crore)
175
75
150
` 64.21
crore
60
45
125
30
100
15
75
72
And after further 10 years

(2001-2011)
(As on 31.03.2011)
This graph manifests that while nurturing 61 branches of our

SBU-Gandhakosh (merged banks) and the new 63 branches
opened by your Bank during past three years, focus was
consistently maintained on growing productivity in the original
(Legacy) branches of your Bank.
50
25
2001
(1918-2001)
2001
(1918-2001)
And after further

10 years (2001-2011)
(As on 31.03.2011)
The number of branches grew three-fold from 72 as

on 31st March, 2001 to 216 as on 31st March, 2011.
7KH %DQN ZLOO HDVLO\ H[FHHG LWV WDUJHW RI WRWDO
branches before the end of calendar year 2011 and
a total of 500 branches by 31st March, 2016.
)RU WKH UVW \HDUV WKHUH ZHUH EUDQFKHV

(of original Saraswat Bank) and the per branch
average business was ` 64.21 crore. The said
branches plus the new branches in that SBU (total
92 branches) are called Legacy branches in the new
set-up and their per branch average business is at
` 223.99 crore. Now, there are 216 branches
[92 legacy, 61 Gandhakosh (merged bank branches)
and 63 new branches opened during three years].
The average business per branch grew from
` 64.21 crore as on 31st March, 2001, crossed
` 125 crore mark, to touch ` 126.45 crore as on
31st March, 2011.
19
7B. THE INFLEXION POINT: MAKING OF A NEW

BANK
15. NO. OF EMPLOYEES

4000
3600
3338
3200
2800
2400
2000
From 31st March, 2001 to 31st March, 2011, is a

GHFDGH WKDW QDOO\ GHQHG \RXU %DQNV DPELWLRQ
clearly and fully. Our determination to be an important
%DQN LQ WKH FRXQWU\ IRXQG IXOOWKURDWHG H[SUHVVLRQ
during this period and the whole country took notice
of our urge to be reckoned as an important Bank.
Several initiatives and changes in structures and
systems contributed to the sea change in your Bank.
Your current Chairman, Shri E. K. Thakur, personally
initiated and introduced the following major changes
in your Bank, with the support of the Board of
Directors and employees at all levels during these
past ten eventful years. These were the changes that
are responsible for total internal transformation and
YDVWO\LQFUHDVHGH[WHUQDOYLVLELOLW\RI\RXU%DQN7KH\
are as follows:
z
1801
(Resolve to make your Bank a performing, a

learning and a customer-focussed Bank)
1600
z
Formation
of
CENMAC
(CENTRAL
MANAGEMENT COMMITTEE)
(-a mini-Board, with loan-sanctioning powers)
Initiation and implementation of Dr. Adarkar

Missions
'HQLQJ EXVLQHVV 0LVVLRQV , ,, ,,, ,9 ZLWK
clear targets and periodicity)
1200
800
400
2001
(1918-2001)
Formation of Retail Banking Department
Formation of NPA Management Department
Declaring and successfully implementing War

on NPAs
And after further

10 years (2001-2011)
(As on 31.03.2011)
The number of employees grew by 1,537 during the

last ten years, a very modest rise as compared to
the substantial rise in the total business. This itself
speaks that the enhancement of knowledge and
VNLOOV RI HPSOR\HHV WKURXJK WUDLQLQJ DQG HIFLHQW
use of technology resulted in higher productivity per
employee in recent years.
20
Appointment of Seven-S Consultants and

implementation of their Report
(An instrumentality to bring down delinquencies

in loan accounts)
z
Formation of Risk Management Department
Formation of Vigilance Department
Formation of Marketing Department
Formation of wholly-owned
(Saraswat Infotech Ltd.)
Implementation of Core Banking Solution (CBS)
Mergers and Acquisitions (Seven UCBs)
IT
Subsidiary
Forming the seven merged banks into

GANDHAKOSH
(A Bank within the Bank and nurturing the
erstwhile seven banks in separate zones with a
IWHHQ\HDUYLVLRQDQGPLVVLRQ
Introduction of futuristic Business Process

Re-engineering (BPR)
(Creation of RASECs , SMEs, COCPC, CICPC,
CDSC and SBUs- Wholesale Banking, Retail
Banking, Gandhakosh and Treasury)
Holding of successive Annual Conferences of

Branch Managers
7RFUHDWHOHDGHUVLQWKHHOG

z
Holding of Manav Sansadhan Parishad

(-to build motivation amongst all sections of
employees)
Tie-up with VISA International for issuance of
Debit Card
Appointment of Brand Ambassador

(First to do so in co-operative Banking)
z
,QLWLDWLRQDQGFRPSOHWLRQRI%UDQGLQJ([HUFLVH
(including new Logo and Signages)
Establishment of Income and Cost Council
Initiation and completion of historic Corporate

Center Project
(Saraswat Bank Bhavan)
Conceiving and implementing the now-famed

ASHWAMEDH PROJECT
(of opening at least one branch every fortnight)
z
&UHDWLRQRIQHZ([HFXWLYHFDGUHV
(DMD, CEOs, CFO and CGMs)
Creation of new Scales of Pay

(A, B and C Grades)
Creation of Business Council

(Four Pillars of the Bank i.e. the Board,
&(10$&2IFHUV$VVRFLDWLRQDQG(PSOR\HHV
Union work in tandem and in symphony)
All the above initiatives changed the old status-quoist

culture of the Bank to that of a modern-day banking
solutions provider. Your Bank today with its Ability
of the Big and Agility of the Small is prepared
to proudly hold candle with even the most modern
private sector banks in India.
8.
OUR MISSION : ALL EYES ON ` ONE TRILLION !
As you are aware, your Bank has embarked upon the

ambitious long-range target of achieving a business
level of ` one trillion by March 2021. This target was
laid down in FY 2005 when the total business of
the Bank was ` 8,033.37 crore. This constituted a
Mission and it was named as Dr. Adarkar Mission
in the memory of late Dr. S. P. Adarkar, one of your
H['LUHFWRUV 7KH 'U $GDUNDU 0LVVLRQ ZDV IXUWKHU
segregated into four sub-segments or tranches as
below:
Dr. Adarkar Mission-I
: ` 10,000 crore by March 2006
Dr. Adarkar Mission-II
: ` 25,000 crore by March 2011
Dr. Adarkar Mission-III : ` 50,000 crore by March 2016

Dr. Adarkar Mission-IV : ` 1,00,000 crore by March 2021
Your Board is proud to inform you that your Bank

KDV VXFFHVVIXOO\ DFKLHYHG DQG H[FHHGHG WKH UVW
two Dr. Adarkar Missions and is now set on the
course of Dr. Adarkar Mission-III of achieving a
business level of ` 50,000 crore by 31st March,
2016. The ensuing Dr. Adarkar Mission-III is no doubt
ambitious as your Bank has taken 93 years (1918 to
2011) i.e. upto now, to achieve a business level of
` 25,000 crore and now under the Dr. Adarkar
Mission-III, we are planning to achieve the additional
business of `FURUHMXVWLQYH\HDUV,QRWKHU
words, we have additionally undertaken to do in
RQO\YH\HDUVZKDWZHFRXOGGRDVD%DQNHDUOLHU
in as many as 93 years. A systematic and planned
approach to this goal is already being pursued by
ZD\ RI UDSLG EUDQFK H[SDQVLRQ YHQWXULQJ LQWR QHZ
areas, recruitment and grooming of fresh, young,
ZHOOTXDOLHGHQHUJHWLFSHUVRQQHOWDNLQJWHFKQRORJ\
WRWKHQH[WOHYHOHWF:KLOHSXUVXLQJWKH` 50,000 crore
WDUJHW HPSKDVLV ZLOO DOVR EH ODLG RQ H[FHHGLQJ WKH
QDQFLDOEHQFKPDUNVRIWKH,QGLDQ%DQNLQJLQGXVWU\
9.
CORPORATE CENTER: SARASWAT BANK

BHAVAN :
In the previous Annual Report, we had informed you

that the Banks Corporate Center Saraswat Bank
Bhavan at Prabhadevi has become operational.
21
The Corporate Center was formally inaugurated at

the hands of the Honble Air Chief Marshal Shri P. V.
Naik, PVSM, VSM, ADC on 19th September, 2010.
The inauguration function was followed by a special
function at the Ravindra Natya Mandir the same
evening, in which some select great achievers from
the Urban Co-operative Banking movement in India
were invited and specially honoured by your Bank,
as a token of our gratitude and admiration. The
dignitaries honoured by your Bank included:
(1) Esteemed
Dr.
Mukund
Abhyankar,
([&KDLUPDQ DQG 'LUHFWRU &RVPRV
Co-operative Bank Ltd, Pune, M.S.
(1) Chairmans, Vice-Chairmans and M.Ds

2IFH
(2) Secretarial Department
(3) Public Relations / Advertising Department
(4) SBU Wholesale Banking
(5) SBU Retail Banking
(6) Gandhakosh (SBU Merged Banks)
(7) Accounts Department
(2) Esteemed Shri N. S. Rao, Chairman,

Shamrao Vithal Co-operative Bank Ltd,
Mumbai.
(8) Audit and Inspection Department
(3) Esteemed Shri Vidyadhar Vaishyampayan,

Chairman, Thane Janata Sahakari Bank
Ltd, Thane, M.S.
(10) Human Resources Development Department
(4) Esteemed Shri Mahesh Aras, Chairman,

NKGSB Co-operative Bank Ltd, Mumbai.
(12) Income and Cost Council
(5) Esteemed Shri Gulabrao Shelke, Founder

Chairman, Mahanagar Co-operative Bank
Ltd, Mumbai.
(6) Esteemed
Shri
Sandeep
Ghandat,
([&KDLUPDQ DQG 'LUHFWRU $EK\XGD\D
Co-operative Bank Ltd, Mumbai.
(7) Esteemed Shri K. D. Vora, Chairman, Kapol
Co-operative Bank Ltd, Mumbai.
(8) Esteemed
Shri
Navneetbhai
Patel,
Vice-Chairman,
Kalupur
Commercial
Co-operative Bank Ltd, Ahmedabad.
(9) Esteemed Shri Bhaskarrao Kothawade,
Chairman, Maharashtra Urban Cooperative Banks Federation Ltd, Mumbai.
(10) Esteemed Shri C. B. Adsul, Chairman,
Greater Mumbai Urban Co-operative Bank
Association Ltd, Mumbai.
No politician, of any hue, was invited for the inaugural
function.
22
The Corporate Center is now fully functional and

your Banks key departments operate from this
world-class premises. These departments are as
under:
(9) Risk
and
Department
Knowledge
(11) Planning, Development

Department
Management
&
Operations
(13) Legal Department

(14) Services Department
7KHLPSUHVVLYHHGLFHRIRXU&RUSRUDWH&HQWHULQWKH
QDQFLDOKXE of the country, gently reminds everyone
of the numero-uno position which your Bank holds
in the co-operative banking sector. The Corporate
&HQWHU DOVR H[SUHVVHV RXU IXWXUH DVSLUDWLRQV LQ WKH
industry. The dome of the building manifests the values
and sanctity we attach to Corporate Governance.
The usage of the state-of-the-art technology coupled
with personalised ambience in the Corporate Center,
reiterates your Banks adherence to the call Think
Global, Act Local. The Corporate Center has thus
indeed given a huge boost to Brand-Saraswat Bank.
10. HUMAN RESOURCES DEVELOPMENT (HRD):
Your Bank believes that human resource is the
most important capital of any organization and
organizations are known by the quality of their
human capital. Your Bank has achieved the enviable
position of being the largest Co-operative Bank in
India, mainly because of the quality of its human
resources.
As an organization known for its high professional

and progressive standards, your Bank has given due
importance to the management and development of
its human resources. The employees of the Bank
HQULFKHG E\ HGXFDWLRQDO TXDOLFDWLRQV RQJRLQJ
OHDUQLQJDQGULFKH[SHULHQFHIRUPDPRWLYDWHGDQG
dedicated work force, which is focussed on achieving
the business goals set up by the management. Our
employees have earned accolades from customers,
which is a recognition of the staffs all-out efforts in
JLYLQJH[FHOOHQWDQGHIFLHQWFXVWRPHUVHUYLFHDQGLQ
delivering progressive performance. Well-groomed
DQG VDWLVHG HPSOR\HHV RI \RXU %DQN ZRUN ZLWK D
positive mind-set, a result-oriented approach and
are fully committed to the Banks business goals.
No wonder, through them, your Bank has achieved
UHPDUNDEOH JURZWK LQ EXVLQHVV DQG SURWDELOLW\ LQ
recent years.
employees, following initiatives were taken-
b)
Training:
The HR department is backed by a Staff
Learning Centre which is located at Vashi, Navi
Mumbai, where most training programmes are
conducted. The programmes conducted during
the year mainly included Induction training,
training in Retail Credit, Marketing, Customer
Service and Managerial Effectiveness. Needbased programmes were also conducted as per
the needs perceived by zones and branches.
These programmes were conducted at the Staff
Learning Centre as well as various locations.
'XULQJ WKH \HDU XQGHU 5HSRUW VL[W\RQH

programmes were conducted and around 2,000
employees were covered under the programmes,
which included 1,016 Management and 974
Non-Management staff.
With
the
objective
of
inculcating
a
self-learning culture, updating staff with the latest
enhancements and introduction of new products
and developments in banking as well as for
DFTXLULQJ SURIHVVLRQDO H[SHUWLVH E\ DSSHDULQJ
IRU YDULRXV EDQNLQJ H[DPLQDWLRQV WR GHYHORS
sound decision-making ability and skills in the
3UDFWLFHVWXG\PDWHULDOIRU,,%)FHUWLFDWHV
DQG GLSORPD H[DPV ZDV GHYHORSHG DQG
made available to employees to help them
prepare for banking-related professional
H[DPLQDWLRQV
The Test your Banking Knowledge which

are objective teasers with correct answers,
are contributed to every fortnightly
issue of your Banks house magazine Madhusattva.
During the year, online tests on banking

topics were designed and conducted for all
the employees of the Bank.
Recruitment:
This year, with business development and
opening of a large number of new branches,
investment in human capital assumed great
importance. During the year, for manning the
new positions and for strengthening your Banks
marketing and operations, total 572 employees
ZHUH UHFUXLWHG RI ZKLFK RQH ZDV LQ ([HFXWLYH
cadre, seventy-two were in Management
cadre and 499 in Non-Management cadre.
Out of total seventy-two candidates recruited
in Management cadre, forty-four were lateral
UHFUXLWV KDYLQJ ULFK DQG YDULHG H[SHULHQFH LQ
reputed co-operative, nationalized and private
sector banks. Their addition to the work force
LV H[SHFWHG WR VWUHQJWKHQ WKH %DQN LQ WKH
long run. Scalewise, 572 new recruits include
twenty-eight recruited in Grade A, 543 recruited
in Grade B and one recruited in Grade C.
Following are the major activities under-taken by the

HR Department:
a)
z
c)
Promotional Exercises:
,QRUGHUWRFDWHUWRWKHJURZLQJH[SDQVHRI\RXU
Bank and the need for additional managerial
personnel, your Bank conducted promotional
H[HUFLVHVWRYDULRXVFDGUHV3XUVXLQJWKHJRDO
of creating a learning, performing and customer
centric organization in a sustained manner since
)<\RXU%DQNLGHQWLHGLQWHUQDOO\VXLWDEOH
SHUVRQV ZLWK H[HPSODU\ SHUIRUPDQFH DQG ZLWK
potential to shoulder higher responsibilities
and promoted them to higher positions. The
23
management believes that the Bank not only

grows by numbers in the balance sheet, but it
also grows with the potential and performance
of the people who work for it. The potential of
all levels of employees needs to be developed
and acknowledged as only superior people build
superior organizations and in turn, people grow
with the Bank. Promotions also address the
career aspirations of the employees.
H[SHULHQFHGVWDIIKDVEHHQSURYLGHGWRWKHQHZ
branches.
e)
We are happy to report that the branches of

erstwhile MMCB and MCB achieved their
targeted per employee business (deposits +
advances) of ` 7 crore during the year under
Report. This was possible due to the hard work,
HIFLHQF\SURGXFWLYLW\RIWKHHPSOR\HHVDQGWKH
H[FHOOHQWFXVWRPHUVHUYLFHUHQGHUHGE\WKHP
A total of 360 employees were promoted

during the year to various cadres. (112 from
&OHULFDOWR2IFHUJUDGHWRYDULRXVFDGUHV
of Management staff and eight to various
([HFXWLYHFDGUHV$OOSURPRWHGSHUVRQQHOKDYH
been suitably deployed to various branches /
GHSDUWPHQWVLQFOXGLQJH[LVWLQJEUDQFKHVRIWKH
merged banks and newly opened branches. The
360 promoted employees include 273 in Grade
A, 78 in Grade B and nine in Grade C.
d)
24
As per the Banks Human Resources

Development Philosophy, the Management
always proactively recognizes and rewards
outstanding achievements. After the branches
of erstwhile Maratha Mandir and Mandvi
Bank achieved per employee productivity of
` 7 crore, the Management of the Bank thought
on its own that the employees deserve to be
upgraded to Grade A from their earlier Grade
B, in which the employees of these erstwhile
banks were recruited at the time of the merger
and accordingly, the Chairman of the Bank
Shri E. K. Thakur announced the Banks
decision at a joint meeting of the staff of both
these erstwhile banks.
Branch Expansion HRD Support:

Your Bank has embarked upon a massive
H[SDQVLRQSODQVSUHDGLQJLWVEUDQFKHVWRPDMRU
cities, and covering even distant and remote
ORFDWLRQVXQGHULWVH[SDQVLRQSURJUDPPH7KH
%DQN LV SURJUHVVLQJ WRZDUGV H[SDQVLRQ DQG
JURZWKRQDVXEVWDQWLDOVFDOHLQDQH[SHGLWLRXV
way. In a clearly thought-out strategy, the
Bank aspires to increase its branch footprint
by adopting cluster-based approach at select
locations, having considerable business
potential for the Bank.
,GHQWLFDWLRQ DQG VHOHFWLRQ RI ULJKW SHUVRQQHO
with competencies and capabilities to take up
the challenges and with capacity to effectively
shoulder the responsibilities in future has
become the key responsibility of the HRD
function of the Bank. New branches have been
SURYLGHG ZLWK HPSOR\HHV ZKR KDYH D DLU IRU
marketing along with adequate knowledge
DQG H[SHULHQFH RI EDQNLQJ RSHUDWLRQV DQG
branch management. Recruitment has been
done in the cadre of Marketing and Operations
SHUVRQQHO WR PHHW WKH LGHQWLHG QHHG$ EOHQG
RIODWHUDOUHFUXLWVTXDOLHGIUHVKHUVDQGLQWHUQDO
Upgradation of the employees of erstwhile

Maratha Mandir Co-op. Bank Ltd. (MMCB)
and erstwhile Mandvi Co-op. Bank Ltd.
(MCB) to Grade A:
7KH ([HFXWLYH DQG WKH +5' &RPPLWWHH RI

WKH %RDUG DSSURYHG WKH WPHQW RI HPSOR\HHV
of erstwhile MMCB and MCB from Grade B
to Grade A effective from 1st October, 2010.
Accordingly, total 415 employees, including
203 employees of erstwhile MMCB and 212
employees of erstwhile MCB, were absorbed
in Grade A with effect from 1st October, 2010.
7KHLU VDODU\ ZDV WWHG LQ *UDGH $ SD\ VFDOHV
DQGWKH\ZHUHPDGHHOLJLEOHIRUDOOWKHEHQHWV
applicable to employees in Grade A, from the
date of absorption.
f)
Absorption of employees of erstwhile South

Indian Co-op. Bank Ltd. in Grade B cadre of
the Bank:
The erstwhile South Indian Co-op. Bank Ltd. was
merged with your Bank on 1st September, 2008.
7KHUH ZHUH D WRWDO RI QLQHW\YH HPSOR\HHV LQ

the said Bank on the date of the merger.
After completing a Screening Committee
process as provided in the Merger Scheme, out
RI QLQHW\YH HPSOR\HHV VL[W\WZR HPSOR\HHV
of the erstwhile South Indian Co-op. Bank Ltd.
(SICB) were absorbed in the services of your
%DQN 7KHLU VDODU\ ZDV WWHG LQ WKH *UDGH %
pay scales with effect from 1st September,
2009. Twenty-two employees opted for
VRS and they were relieved with effect from
31st October, 2010, one retired and ten resigned
from the services of the Bank, as they were not
IRXQG W IRU UHWHQWLRQ LQ WKH %DQNV VHUYLFH E\
the Screening Committee constituted under the
Merger Scheme.
g)
h)
displayed very positive attitude to help achieve

progress for the Bank. The Management of
your Bank has always prioritized the interests of
the employees. The Union and the Association
have been assured of improved pay scales and
allowances in the proposed wage agreement.
The employees have always reciprocated the
trust and respect of the Board of Directors in
ample measure and successfully helped in
DFKLHYLQJDQGH[FHHGLQJWKHEXVLQHVVJRDOVVHW
from time-to-time.
11. FUTURE INITIATIVES ENVISAGED BY YOUR
BOARD:
(1) Creation of Administrative
Authority (ASRA)
Self-Regulatory
Madhusattva:
(VWDEOLVKPHQWRIDIXOOHGJHG7UDLQLQJ&DPSXV
Madhusattva, a fortnightly house magazine,

completed its third year of publication during FY
DQG DOVR VDZ WKH VHYHQW\IWK LVVXH
going on print. This initiative, which was aimed
at depicting the performance, achievement
and contributions of your Banks employees
LQ VSHFLF DUHDV UHSRUWLQJ GHYHORSPHQWV RQ
policy and operations and educating employees
generally, has accomplished its objective. Thus,
it mainly helped in seamlessly assimilating
employees of the merged Banks and newly
recruited employees in the Banks culture. This
house magazine reaches the home of each
of the 3,338 employees every fortnight. Shri
Sunil Manjrekar, the General Secretary of the
2IFHUV$VVRFLDWLRQ RI WKH %DQN LV WKH (GLWRU
of Madhusattva. He is ably supported by an
Editorial Committee.
(3) Establishment of
Academy (SBCA)
Industrial Relations:
Your Bank is progressing forward with the
support of its four pillars i.e. the Board of
'LUHFWRUV &(10$& LQFOXGLQJ ([HFXWLYHV WKH
2IFHUV$VVRFLDWLRQDQGWKH(PSOR\HHV8QLRQ
The Management has established cordial
UHODWLRQV ZLWK WKH 2IFHUV$VVRFLDWLRQ DQG WKH
Employees Union, which are led by Shri Sunil
Manjrekar and Shri Nitin Chavan respectively.
Both these representative bodies have
Saraswat
Bank
Credit
(4) Creation of Independent Marketing SBU

(5) Casa Initiative - Year of CASA 2011-12
(6) Micro-Finance Initiative
(7) Multilingual Annual Reports
(8) Green Initiative of the Bank
(9) Fortnightly Madhusattva to be published in
English Language
(1) Establishment of Administrative
Regulatory Authority (ASRA):
Self-
Your Bank is a growing organization. Currently,

WKHUH DUH EUDQFKHV DQG WKLUW\VL[
departments which carry out various functions
of your Bank with the help of 3,338 employees.
Being a growing organisation, the number of
EUDQFKHV ]RQDO RIFHV DQG WKH QXPEHU RI
employees are continuously rising. The Bank
operates in adherence to and within the ambit of 1)
The law of the land and in particular
2)
Multi-State Co-operative Societies Act,

2002,
3)
Banking Regulation Act, 1949,

25
4)
Directives, guidelines and circulars

issued by the Reserve Bank of India
from time-to-time,
5)
Directions and suggestions given

by the Central Registrar, who is also
our Regulator under the Multi-State
Co-operative Societies Act, 2002,
6)
Bye-laws of your Bank,
7)
Internal policies, guidelines, approvals

and decisions of the Board of Directors
of your Bank,
8)
Directions, approvals and guidelines

issued by the Sub-Committees of the
Board and of the Central Management
Committee (CENMAC), the Income
and Cost Council and all such other
internal decision-making structures
created by the Board of Directors,
9)
Agreements, undertakings and MOUs

signed with Unions/Associations and
third parties in pursuance of business
objectives,
10) Legal advice received and accepted

by the Board of Directors.
Various departments formulate their own policies
taking cognizance of the aforesaid legal and
SROLF\HQYLURQPHQW)RUH[DPSOHSROLFLHVVXFK
as Credit Policy, Investment Policy, Retail Loan
Policy, Deposit Policy, Audit Policy, Vigilance
Policy, Accounting Policy, Asset-Liability
Management Policy, Know Your Customer
(KYC) Policy, Policy on Collection of Cheque
instruments, Premises Renovation Policy and
various I.T. policies such as Business Continuity
Policy, Obsolescence Policy, etc. are formulated
by concerned departments.
All such policies prepared by various
departments are then discussed, debated at the
&(10$&DQGQDOO\DSSURYHGE\WKH%RDUGRI
Directors, with necessary changes, if any. On
similar lines, there are statutory reports/returns
to be submitted to the Regulator at periodic
intervals, some of which have to have the
approval of the Board. Also internal MIS reports
are placed before the Board of Directors from
time-to-time.
26
As proper operational work structure and

SROLFLHVDUHLQSODFHLWLVH[SHFWHGWKDWGLUHFWLYHV
and mandates of regulators are implemented
in letter and spirit without fail and the process
VKRXOG DGKHUH WR D VSHFLF WLPHIUDPH (YHU\
functionary within the Bank has to clearly
understand that RBI issues directives and
guidelines only either in the interest of depositors,
in the interest of the bank or in the interests of
Indian economy and therefore they have to
be faithfully carried out. With unprecedented
business and organizational growth, volumes of
work has increased substantially. Sometimes,
therefore, some things which are ought to be
done in compliance, do not get done or do not
get done in time. The Board of Directors is dutybound to ensure that usual management failure
that the urgent gets done and the important is
QHJOHFWHGGRHVQRWKDSSHQLQWKHFRQWH[WRI
our Bank, because it is in the serious and risky
business of banking. Therefore, a dire need is
felt to plug all the probable loopholes and ensure
that the system runs as it is intended to run as
per the Acts, Bye-laws, Regulations, Directives,
Guidelines, Policies and Directions of the Board,
Sub-Committees and other decision-making
bodies within the Bank.
To streamline this entire process and to
further strengthen the internal controls and
compliances, SELF-REGULATION has become
the need of the hour. Your Board of Directors,
therefore proposes to create an Administrative
Self-Regulatory Authority (ASRA) within the
Bank, by appointing a competent professional to
head it. Such a professional will be designated
as the Administrative Self-Regulatory Authority
(ASRA) of the Bank. This authority can visit,
inspect, audit any area of functioning of the
Bank, seek and demand compliance and
see that laws, rules, directives, policies and
decisions of higher regulatory bodies are
followed by all functionaries of the Bank who are
responsible for their implementation and are
complied with in letter and spirit. This Authority
will also ensure periodic updation of policies and
relevant operational manuals, within stipulated
WLPHIUDPHV 7KH ([HFXWLYH &RPPLWWHH RI WKH

Board of Directors will delegate necessary
DGPLQLVWUDWLYHDQGQDQFLDOSRZHUVWR$65$
(VWDEOLVKPHQW RI D IXOOHGJHG 7UDLQLQJ
Campus:
Your Bank has grown manifold in the last
ten years with total business growing from
` 4,623.19 crore in the year ended 31st March,
2001 to ` 27,312.95 crore as on 31st March,
2011. During this period, total number of
employees have increased from 1,801 to 3,338
across various cadres. In fact, during the last
one year itself, 427 employees were added to
the payroll. The 3,338 employees comprise:
([HFXWLYHV0DQDJHUVDQG2IFHUV :
1,310
Clerical and Account Assistants
:
1,703
2IFH$VVLVWDQWV
:
325
Total
:
3,338
With the successful accomplishment of
Dr. Adarkar Mission-I and II ahead of their
scheduled time-frames, your Bank has set up
a target of total business of ` 50,000 crore to
be attained before 31st March, 2016 under
Dr. Adarkar Mission-III. Needless to say,
additional manpower will be required for
accomplishing the Mission-III. We estimate and
H[SHFW WKDW WKH QXPEHU RI HPSOR\HHV LV OLNHO\
to grow to 5,000 by the end of Dr. Adarkar Mission-III
i.e. 31st March, 2016. Similarly, to achieve a total
business of ` 1,00,000 crore under Dr. Adarkar
0LVVLRQ,9 WKH HPSOR\HH VWUHQJWK LV H[SHFWHG
to reach around 9,000.
Besides the twin challenges of recruiting
quality personnel and instilling in them a sense
of belonging and retaining them, functional
challenges lie ahead in grooming them in various
IXQFWLRQDO XQLWV LQVWLOOLQJ DQG UHQLQJ WKHLU
knowledge, conceptual skills and developing
LQWKHPH[SHUWLVHLQNH\DUHDV)XUWKHUDODUJH
VHJPHQWRIRIFLDOVZLOOQHHGWREHPXOWLVNLOOHG
and trained in multi-disciplinary areas. This will
help in positioning such well-trained staff in both
operational and non-operational functions.
7R PHHW WKHVH QHHGV DQG H[SHFWDWLRQV RI WKH

organisation, we do not have a training facility
of the required magnitude at present. The Staff

Learning Centre currently located at Vashi, Navi
Mumbai though it proudly possesses qualitytrained faculty and personnel is woefully
short of resources and infrastructure to cater
to the growing needs of the organization. In the
process, sometimes, the Centre ends up doing
the best of a bad bargain.
In the absence of the required level of resources
and training ambience, there is a considerable
work and at times unbearable - strain on the
Staff Learning Centre. To address this issue,
\RXU%RDUGRI'LUHFWRUVZLOOVHWXSDIXOOHGJHG
learning centre at a suitable location. A stateof-the-art training campus, equipped with latest
WHFKQRORJ\ DQG H[SHULHQFHG WUDLQHG SHUVRQQHO
and most modern training infrastructure will be
PDGHIXOO\RSHUDWLRQDOLQWKHQH[WWKUHHWRIRXU
years and will be developed on the pattern of
State Bank of Indias Staff College at Hyderabad/
Gurgaon.
(3) Saraswat Bank Credit Academy (SBCA):
Your Bank has been growing at a phenomenal
pace and in line with our corporate goal of
achieving the Dr. Adarkar Missions, your
Bank plans to achieve a business level of
` 1,00,000 crore by 31st March, 2021.
([SHULHQWLDOO\DWRWDOEXVLQHVVOHYHORI` 1,00,000
crore will comprise deposits of ` 60,000 crore and
advances of `FURUHDSSUR[LPDWHO\)RU
achieving a target of ` 40,000 crore of advances,
we will have to approve big-ticket advances for
the Bank and also manage to keep a check
on the quality of the advances. Your Bank,
therefore, feels the need to develop deeper and
comprehensive capabilities and competencies
for the purpose of economic-scan, industryanalysis, pre-sanction appraisal, disbursements
and regular monitoring of accounts.
Your Bank has always promoted a learning
culture in the organization. We have been
HQFRXUDJLQJ DQG LQGXFLQJ RIFLDOV WR MRLQ
management courses and banking related
H[DPLQDWLRQVVXFKDV&$,,%:LWKWKHVSRWOLJKW
now being on advances in the coming future,
27
your Board of Directors have decided to set-up

DQH[FOXVLYH6DUDVZDW%DQN&UHGLW$FDGHP\
to spearhead education and research in bank
credit. Your Bank proposes to develop and
commence three credit-related courses through
the proposed Academy. These include:
1.
Fundamental Course in Credit
2.
Advanced Course in Credit
3.
Masters Course in Credit
As you are aware, recently a number of

departments from our Vashi premises
Madhushree were shifted to the Corporate
Center at Prabhadevi. We therefore, consider
LW W WR XWLOL]H WKH YDFDQW SUHPLVHV DW 9DVKL IRU
setting up the Saraswat Bank Credit Academy
(SBCA). SBCA will be headed by a very senior
DQGH[SHULHQFHGVHUYLQJRUUHWLUHGFUHGLWH[SHUW
from the higher management of Banks, who will
be designated as the Director of the Academy.
The faculty and the staff of the Academy will be
appointed through a stringent selection process.
The Academy will be inaugurated on the
Foundation Day of the Bank on 14th September,
2011.
Students of the various courses will be taught
mainly with the case-study method. Selections for
the courses will be merit and aptitude-based. All
employees in the Management grade and Clerical
grade will be eligible to take the Fundamental
Course in Credit. All employees who have
graduation in Commerce or alternatively a CAIIB
degree with any other type of graduation and
have completed successfully the Fundamentals
in Credit Course of the Academy, will be eligible
for admission to Advanced Course in Credit and
all those who complete Advanced Course of the
Academy with 75 per cent marks and above will
be eligible for Masters Course in Credit. Without
completing the two earlier courses, employees
will not be eligible for admission to the Masters
Course in Credit.
28
$FTXLVLWLRQ RI WKHVH TXDOLFDWLRQV ZLOO EH DQ

LQWHOOHFWXDOO\ DQG QDQFLDOO\ VWLPXODWLQJ DQG
UHZDUGLQJ H[SHULHQFH IRU DOO RXU HPSOR\HHV
)LQDQFLDO LQFHQWLYHV IRU HDFK TXDOLFDWLRQ LQ
Credit granted by the Academy (SBCA) will be

ZRUNHG RXW LQ FRQVXOWDWLRQ ZLWK WKH 2IFHUV
Association and the Employees Union of
the Bank. The highest incentive will be for
employees who complete the Academys
Masters Course in Credit and it will be in the
IRUP RI LPPHGLDWH SURPRWLRQ WR WKH QH[W OHYHO
in the Bank e.g. a Chief Manager will, on
completion of the Masters Course in Credit of
the SBCA, be promoted as an AGM and a AGM
on completing the Academys Masters Course
in Credit, will be promoted as DGM. A detailed
scheme of relative incentives will be circulated
to branches. Part of the course work will involve
actually working on credit proposals and on
advances of various ticket-sizes.
(4) Creation of independent SBU - Marketing:
As the organization grows, the need to
segregate different business units within the
overall corporate identity becomes imperative.
These units should be ideally managed as
self-contained planning units for which discrete
business strategies can be developed. The key
philosophy behind the formation of Strategic
Business Units (SBUs) is to gain competitive
advantage by segmenting the activities of the
Bank in a strategic manner and thus allocating
the resources competitively.
'XULQJ WKH QDQFLDO \HDU \RXU %DQN

undertook the formation of four Strategic Business
Units viz. Wholesale Banking, Retail Banking,
Treasury and Gandhakosh (merged banks).
As you are aware, the banking industry
has today come far away from the days of
walk-in business to the present day scenario of
Door-step Banking. The competition between
EDQNVQRZGHSHQGVWRDODUJHH[WHQWRQWKHZD\
every bank markets its products and services
to its customers. Your Bank has taken steps for
its branches to operate as Sales and Service
Centres, by carving out from them and centralizing
a number of activities to specialized centres such
as RASECs, SMEs, CDSC, COCPC and CICPC.
In order to have a complete focussed approach

to marketing, it has been decided to create
an independent unit viz. Strategic Business
Unit-Marketing. This SBU will be initially staffed
with around 500 employees, comprising
([HFXWLYHV 0DQDJHUV DQG 2IFHUV 7KHVH
employees will market the Banks as well as third
party products to the outer world in two segments
viz. Wholesale and Retail. The staff of this SBU
will be given independent targets. The said SBU
will be operational on this years Foundation Day
of your Bank i.e. on 14th September, 2011.
You are aware that we have already applied
to RBI for seeking permission to set up a
wholly-owned Marketing Subsidiary. If we are
successful in obtaining the said permission,
this SBU-Marketing will be the nucleus of this
wholly-owned subsidiary.
(5) CASA Initiative during FY 2011-12 YEAR
OF CASA:
While we pursue our long-term goal of
achievement of higher business levels, your
Bank is aware of the need that higher business
levels have to be adequately supported by
KLJKHU OHYHOV RI SURWDELOLW\ 7KH UHYHQXH
H[SHFWHG IURP KLJKHU EXVLQHVV OHYHOV FDQ EH
maintained or further improved only if the Net
,QWHUHVW0DUJLQ1,0LVPD[LPL]HG
In such a scenario, the Bank has to constantly
endeavour to lower the cost of deposits and
improve the yield on advances. To aid rise in
business levels, we ought to offer competitive
pricing to our customers i.e. at market-related
rates of interest on both deposits and advances.
So the only option for maintaining NIM is to
increase the CASA component of deposits.
CASA deposits have thus assumed prime
importance in todays scenario. During the
ODVW YH \HDUV \RXU %RDUG RI 'LUHFWRUV KDV
taken several measures to give push to CASA
deposits, some of which are:
(i)
The importance of CASA was discussed

EHIRUHDOO([HFXWLYHVDQG%UDQFK0DQDJHUV
during the last seven Annual Conferences
of Branch Managers. Further, they were
directed to give top-most priority to increase
the CASA deposits both in terms of value
as well as number of accounts.
(ii) In order to give impetus to mobilisation of

CASA, your Board of Directors created a
new cadre of Marketing and Operations
staff covering most positions and
designations with their annual increments
VSHFLFDOO\OLQNHGWRWKHSHUIRUPDQFH2YHU
eight hundred direct/lateral personnel were
UHFUXLWHGZLWKDQDYHUDJHDJHRIWZHQW\YH
years and were provided to the branches
to mobilize CASA deposits. Of the total
staff of 3,338 as on 31st March, 2011, 866
members of staff i.e. more than 25 per cent
of staff now belong to the Marketing and
Operations cadre, as shown in the following
table:
Table No. 2:
POSITION OF EMPLOYEES RECRUITED IN
MARKETING & OPERATIONS CADRE FROM
21.07.2009 TILL 31.03.2011.
Sr. Designation
No.
1. Assistant General Manager (M&O)

Grade A
2. Senior Manager (M&O) Grade A
3. Manager (M&O) Grade A
4. 2IFHU0 2*UDGH%
5. 2IFHU0 2*UDGH&
6. Clerk (M&O) Grade B
7. Clerk (M&O) Grade C
8. 2IFH$VVLVWDQW0 2*UDGH%
9. 2IFH$VVLVWDQW0 2*UDGH&
Total
Average Age (in Years as on
31.03.2011)
Total Employees
Recruited from
21.07.2009 to
31.03.2011
1
5
10
110
2
653
38
42
5
866
25.52
Special addition by your Board of Directors

of these 866 employees with young blood
WR0DUNHWLQJFDGUHZDVH[SHFWHGWRJLYHDQ
electrifying boost to our CASA mobilization.
29
(iii) Your Board of Directors undertook and

VNLOIXOO\ H[HFXWHG D EUDQGLQJ H[HUFLVH RI
the Bank to attract the younger populace.
The new premises of the Corporate Center
as well as branch interiors, signages,
ERDUGV H[KLELWV DQG PRVW LPSRUWDQWO\
the new logo elevate and strengthen the
Brand-Saraswat Bank. This, by itself, was
intended to attract a large number of new
customers.
(iv) Your Board of Directors has substantially
improved the level of technological support to
the branches over the years. The networking
CBS software was purchased for your whollyowned subsidiary SIL and several necessary
amendments have been carried out to
improve service to customers. Your whollyowned subsidiary SIL virtually undertook a
special drive to deliver enhancements to the
Core Banking software used in the Banks
branches, during the year under Report.
(v) In order to maintain and sustain focus on
increasing CASA deposits and improved
customer service, your Board of Directors
decided to refrain from participating in
MHADA and AADHAR projects during the
year under Report. This was done so that
branches make concentrated efforts for
CASA and their massive energies are not
invested in a one-off type of activity.
(vi) Your Board of Directors have opened a
large number of new branches to take the
Saraswat Bank Brand across geographies
and localities. These branches were
H[SHFWHG WR DWWUDFW VXEVWDQWLDO &$6$
deposits.
(vii) Your Board of Directors directed the
functionaries to give Top Priority to selling
our own products and give lesser priority
to Third Party products like insurance and
mutual funds. This was done to maintain
focus on CASA deposits.
(viii) The training courses at Staff Learning
&HQWUHZHUHUHYDPSHGDQGVSHFLFFRXUVH
30
on Marketing of our Retail Asset and

Liability products was incorporated. Also,
emphasis was laid on Marketing in all our
training courses conducted for employees
during the year.
In spite of all these measures taken by
your Board of Directors, to provide support
to our branch functionaries, the desired
results of increasing CASA deposits have
not materialized. This has been a major
concern to your Board of Directors. The
ratio of our CASA deposits to the total
deposits as on 31st March, 2011 stood
at 28.88 per cent, which is continuously
declining further and which is regrettably
much lower in comparison with the CASA
levels of many Public Sector Banks and
even many Urban Co-operative Banks.
Your Board of Directors is conscious of the
fact that if CASA deposits remain at such
dismally lower levels, your Banks business
may grow but the Bank will never attain
cost leadership or even cost-advantage,
which is one of our strategic goals. The
lower CASA percentage also impacts
substantially our future business of all
W\SHV RXU VXVWDLQHG SURWDELOLW\ DQG RXU
overall ability to offer competitive pricing
of our products to our customers both
to the depositors and to the borrowers.
Your Bank nurtures a goal of improving the
CASA ratio to 40 per cent of total deposits,
RYHU D YH\HDU KRUL]RQ DQG WKHUHIRUH
the Board of Directors are determined to
revamp its entire HRD strategy in the days
to come. CASA targets will be incorporated
in wage-agreements signed with the
Union and the Association representing
the non-management and management
staff of your Bank. A new major initiative
for CASA deposits is being unleashed. As
mentioned hereinabove, a Marketing SBU
is being set up with a large complement of
staff. The SBU will become operational on
14th September, 2011 with a special
mandate to give push to CASA mobilization.

7R DJ RII WKH PRELOL]DWLRQ GULYH WKH \HDU
2011-2012 has been declared YEAR OF
CASA, within the Bank.
(6) Our Micro-Finance Initiative:
From the year 2008-09, your Bank has decided
to foray into rural/semi-urban areas through
Micro-Financing with a view to help the upliftment
of the rural poor and the empowerment of
women. Accordingly, it was decided to sanction
clean loans to rural artisans, petty traders, micro
enterprises etc. who hail from the lower strata of
Table No.3:
Branch
Kudal
Kankavli
Malvan
Sawantwadi
Vaibhavwadi
Vengurla
Chiplun
Ratnagiri
Total
Sanctioned & disbursed

A/Cs
AMT
369
42.80
160
58.20
290
41.56
214
29.39
246
14.90
481
57.43
69
10.20
254
38.10
2,083
292.58
the community, for their legal and gainful activities.

The Clean Loan Scheme was implemented
under the leadership of Head, South Operations,
initially in the branches in Sindhudurg and
Ratnagiri districts on a pilot basis, for a period
RI VL[ PRQWKV DQG WKH VDPH ZDV H[WHQGHG
for a further period of one year. Our branches
in the above districts disbursed total loans of
` 292.58 lac to 2,083 rural / semi-urban
EHQHFLDULHV XQGHU WKH /RDQ 6FKHPH XSWR
31st March, 2011. Total NPAs in these loans
as on 31st March, 2011 is ` 1.04 lac i.e. only
0.52 per cent of Micro-Finance advances. Details
of the loans disbursed and present outstandings
are as follows:(` in lac)
Outstanding
A/Cs
AMT
329
16.90
145
54.80
255
16.48
182
16.61
236
11.74
441
48.29
69
9.27
223
25.95
1,880
200.04
Encouraged by the above performance, the above

ORDQ VFKHPH KDV EHHQ H[WHQGHG IRU D IXUWKHU
period of one year i.e. upto 31st March, 2012.
,WKDVEHHQGHFLGHGWRJLYHDPD[LPXPORDQRI
` 25,000 /- under the scheme and we are
charging rate of interest @ 12 per cent p.a. for
loans upto ` 10,000/- and 14 per cent p.a. for
loans above ` 10,000/-, which is very much
EHORZ ZKDW PLFURQDQFH LQVWLWXWLRQV FKDUJH
(MFIs charge anywhere between 20 per cent
WR SHU FHQW SHU DQQXP 7KH EHQHFLDULHV
include persons carrying any legal/gainful
activity such as vendors of fruits, vegetables,
PLONVKPDNHUVRIEURRPVDQGRWKHUEDPERR
products and engaged in occupations such
as basket weaving, piggery, goat-rearing,
carpentry, poultry-farming, small business
and tiny industries. Many other activities such
as plumbing, hairdressing, electrical support,
RZHUVYHJHWDEOH JURZLQJ PDNLQJ RI VSLFHV
Overdue
A/Cs
AMT
238
2.45
61
0.76
25
2.43
51
0.34
0
0.00
266
0.94
25
0.19
120
0.60
786
7.71
NPA
A/Cs
0
0
10
0
0
0
0
0
10
AMT
0.00
0.00
1.04
0.00
0.00
0.00
0.00
0.00
1.04
papad-supplying, provisions, biogas under

Government schemes are eligible for loans
and Salary-earners having income below
` SP DUH DOVR QDQFHG XQGHU WKH
scheme. Loans are also available for purchase
of any consumer items, bicycles, house repairs,
PHGLFDO H[SHQVHV HGXFDWLRQ DQG DQ\ RWKHU
lawful needs or even as working capital.
Micro-Finance is a movement towards the
upliftment of society as a whole. Your Bank has
forayed into rural/semi-urban areas through
Micro-Financing with a view to help the upliftment
of the rural poor and the empowerment of
women. Considering the satisfactory record
RI H[LVWLQJ ORDQV XQGHU WKH 0LFUR)LQDQFH
Scheme, your Board of Directors has decided
to make this scheme applicable further and has
H[WHQGHGLWWRDOOWKHGLVWULFWVRI0DKDUDVKWUDDQG
Goa States initially. We have already applied
to RBI for permission to start a wholly-owned
31
Micro-Finance subsidiary. If we are successful in

obtaining permission from RBI, we will transfer
our current Micro-Finance activities to the new
VXEVLGLDU\ DQG VHW DQ H[DPSOH LQ WKH LQGXVWU\
demonstrating how Micro-Finance can be freed
from the usurious way in which it is practised in
India today.
in 0DUDWKL VKRXOG OO XS WKH )RUP $ HQFORVHG

on page no. 135 of this Report and once it is
received, we will mail only Annual Report to
them in Marathi.
(8) Green Initiative of the Bank:
(7) Multilingual Annual Reports:

Your Bank, which is in its Ninety-third year of
operation, has come a long way from being
a small credit co-operative society to being
the largest Urban Co-operative Bank in the
country. During this long sojourn, your Bank has
crossed many important milestones including
` 25,000 crore business (deposits and
DGYDQFHVE\VSUHDGLQJLWVZLQJVLQVL[6WDWHV
To report this progress and keep all stakeholders
informed, your Bank has been regularly
publishing the Annual Report bi-lingually i.e. in
English and Marathi, over these years.
As earlier mentioned in this Report, the RBI has
recently conceded to our request to grant us panIndia area of operation. Your Bank has therefore
HPEDUNHGXSRQLWVDPELWLRXVEUDQFKH[SDQVLRQ
programme on receipt of a pan-India permission
for its operations. This will enable your Bank to
have a footprint in strategic locations across the
country, thereby it will be easier to attain a total
business target of ` 50,000 crore well ahead of
the scheduled time-frame i.e. 31st March, 2016.
We, therefore propose that for members
residing in States where your Bank is having
WZHQW\YH RU PRUH EUDQFKHV \RXU %RDUG RI
Directors will publish a concise Annual Report
LQWKH2IFLDO,QGLDQ/DQJXDJHRIWKHFRQFHUQHG
State, (in addition to the Annual Report in
English). At present, your Bank has a presence
of 182 branches in the State of Maharashtra. In
QRRWKHU6WDWHZHFXUUHQWO\KDYHWZHQW\YHRU
more branches. Therefore, a concise Annual
Report in only Marathi has been published for
FY 2010-11. From FY 2011-12, members who
desire concise Annual Report to be delivered
32
$V D UVW VWHS WRZDUGV JUHHQ LQLWLDWLYH \RXU

Board of Directors proposes to send Annual
Reports from FY 2011-12 through electronic
mode to the registered e-mail address of the
shareholders. This initiative will help reduce
SDSHU FRQVXPSWLRQ WR D JUHDW H[WHQW DQG
allow shareholders to contribute to a Greener
Environment. You are requested to indicate your
consent to receiving the Report electronically
in Form A on page no. 135 of this Report and
despatch it to the Share Department of the
Bank at their addresss which appears on page
no. 135 of this Report. You will thus be in
a position to contribute to the cause of the
environment, which is dear to our heart.
(9) Fortnightly Madhusattva to be published in

English Language:
The Bank has opened a fairly good number
of branches now outside Maharashtra State.
We have recruited local staff in these States.
Our Staff in other States do not necessarily
understand Marathi language. In order to
strengthen our bond with all employees, we
will publish and furnish to those employees
Madhusattva fortnightly in English language.
The current publication in Marathi will
FRQWLQXH 7KH UVW LVVXH ZLOO EH SXEOLVKHG RQ
14th September, 2011.
12. PROGRESS OF BPR PROJECT:
Your Board has always advocated continual allround
improvement in your Bank and has progressively
moved towards best practices in the banking industry.
A BPR initiative is under-way in the Bank over the
past two years. In line with our laid-down BPR goals,
the following steps have been undertaken during
FY 2010-11:
Your Bank has set up two more SME

branches in Mumbai, one in South Mumbai
at Nariman Point and another at centralised

place at Dadar. Your Bank has also set up a
separate Credit Processing Centre for our
Merged Banks Unit i.e. Gandhakosh.
Your Bank is now setting up Trade Finance

Processing Centre (TFPC) for centralised
processing of domestic and international
WUDGH QDQFH RSHUDWLRQV WR RSWLPL]H WKH
WUDGH QDQFH EDFN RIFH RSHUDWLRQV 5%,
has already accorded permission to your
Bank to set up TFPC at Madhushree,
Vashi, Navi Mumbai and the same will be
operational during the current year.
Achieving business level of ` 15,000 crore

by 31st March, 2016.
Reducing gross NPAs of aggregated seven

merged banks through aggressive recovery
from ` 276.41 crore at the time of merger to
` 75 crore by 31st March, 2016.
Returning
to
Saraswat
Bank
its
cost of acquisition of seven UCBs
i.e. ` 278.29 crore.
Building Gandhakosh as a professionallymanaged entity as a Bank within the

Bank that can compete with the best banks
in India, in terms of business per employee,
SURW SHU HPSOR\HH FXVWRPHU DFTXLVLWLRQ
and highest standards of customer service.
z
([SDQGLQJ LWV EXVLQHVV LQ WKH DUHDV RI

Gujarat, North India, Western and North
Maharashtra and also in Mumbai and Pune
in Maharashtra, in particular.
13. EVALUATION OF MERGERS GANDHAKOSH

GOING FROM STRENGTH TO STRENGTH:
Since the year 2006, your Bank has acquired seven
Urban Co-operative Banks and has successfully
transformed these banks into performing and
SURWJHQHUDWLQJ XQLWV ZKLFK KDV EHHQ KLJKOLJKWHG
in previous Annual Reports. To have a focussed
approach towards business development and to instil
HIFLHQF\ DW PHUJHG %DQNV EUDQFKHV \RXU %DQN
GHQHG DQG FUHDWHG D VHSDUDWH 6WUDWHJLF %XVLQHVV
Unit named Gandhakosh. SBU-Gandhakosh
started functioning from 17th August, 2009 and
FRPSOHWHGLWVUVW\HDUGXULQJ$XJXVW
7KH UVW %UDQFK 0DQDJHUV &RQIHUHQFH IRU
the branches under Gandhakosh was held on
21st-22nd August, 2010 to undertake a review of the
progress made by Gandhakosh. The following goals
for Gandhakosh were re-iterated:
Table No. 4:
With the formation of Gandhakosh, branches of the

erstwhile merged banks under Gandhakosh have
shown remarkable progress. During the FY 2010-11
too, the performance has been further strengthened.
The results shown in the table below, speak volumes
IRU\RXU%DQNVKROLVWLFYLVLRQDQGHIFLHQWH[HFXWLRQ
in respect of Gandhakosh the SBU created out of
erstwhile merged banks.
(` in crore)
Name
Total
*Total
*Total Business Business Gross
Gross Aggregate Operating
Business Business Business
per
per
NPA NPA as on Recovery
3URW
as on
as on
as on employee employee as on 31.03.11
as on
Earned
Merger 31.03.10 31.03.11
as on
as on
date of
31.03.11 from the
date
date of
31.03.11 Merger
date of
Merger
Merger
GANDHAKOSH 1,894.78 4,139.43 5,790.11
1.54
6.56
276.41 146.11
130.30
215.08
(SBU-Merged
Banks)
* It may be noted that the total business as stated in the table above includes business of all branches of Gandhakosh
ROGDQGQHZH[FOXGLQJWKHEXVLQHVVRIWKUHHEUDQFKHVYL]1DVLN.ROKDSXUDQG6XUDWZKLFKDUHDWWDFKHGWR*DQGKDNRVK
for administrative convenience on grounds of contiguity) unlike the preceding year Annual Report wherein only the
data of erstwhile merged bank branches was published.
33
From the table above, it is observed that the total

business of Gandhakosh has increased from
` 1,894.78 crore as on the date of the mergers to
` 5,790.11 crore as on 31st March, 2011 i.e. an
addition of ` 3,895.33 crore i.e. 205.58 per cent.
The Graph-I below, gives a pictorial depiction of the
business growth achieved by Gandhakosh over the
last two years:
Recovery of NPAs:
One of the most crucial aspects of post-merger
strategy has been the concerted efforts on the recovery
RI13$V'XULQJWKHFXUUHQWQDQFLDO\HDUWKH*URVV
NPAs of the SBU-Gandhakosh have been further
reduced from ` 276.41 crore as on the date of merger to
` 146.11 crore, thus making a total recovery of
` 130.30 crore, since the date of the merger.
Graph - I
Graph - II
GROWTH IN TOTAL BUSINESS
PRODUCTIVITY PER EMPLOYEE
7000
7
5790.11
5000
4139.43
4000
3000
2000
5.66
1894.78
4
3
2
1000
0
As on
Merger date
As on
31.03.2010
As on
31.03.2011
It may be observed from Graph I, that rise in

business on y-o-y basis i.e. over FY 2009-10 in
FY 2010-11 has been ` 1,650.68 crore i.e.
39.88 per cent. In last years Annual Report, we had
mentioned that many branches of the original merged
Banks have been closed and shifted to new locations
UHFHQWO\ZKHUHWKH\DUHQGLQJWKHLUIHHW)URPWKH
FY 2010-11 performance, it may be observed that
SBU-Gandhakosh, which was spinned out of merged
Banks branches, has started delivering results in a
IXOOHGJHGPDQQHU
34
(` in crore)
Total Business (` in crore)
6000
6.56
1.54
As on
Merger date
As on
31.03.2010
As on
31.03.2011
Productivity Per Employee (Gandhakosh):

The productivity per employee of SBU-Gandhakosh
has been rising every year. This trend has
continued in FY 2010-11 too. The productivity per
employee of SBU-Gandhakosh branches which was
` FURUH DW WKH WLPH RI WKH UVW PHUJHU KDV
improved to ` 5.66 crore in FY 2009-10 and further
to ` 6.56 crore in FY 2010-11. This level of per
employee productivity is almost in line with per
employee productivity of Saraswat Bank at the time
of merger.
2SHUDWLQJ3URt (Gandhakosh):
Graph - III
(` in crore)
Operating Profit from the date of Merger
250
215.08
200
the current annual ceiling of 10 per cent, subject to

availability of headroom capital in terms of assessed
QHW ZRUWK SHU EUDQFK 7KH H[SDQVLRQ RI DUHD RI
operation to the entire Union of India will now enable
us to grow our business manifold and attain the
` 50,000 crore target under the Dr. Adarkar
Mission-III well ahead of our targeted date i.e.
31st March, 2016.
As you are aware, your Bank had unveiled the
ambitious Ashwamedh programme for branch
H[SDQVLRQ GXULQJ )< 8QGHU$VKZDPHGK
your Bank has decided to follow the mantra of
RSHQLQJDWOHDVWRQHEUDQFKHYHU\IWHHQGD\V
150
112.87
We had also informed you of our strategy of

LGHQWLFDWLRQRINH\ORFDWLRQVIRUEUDQFKH[SDQVLRQ
XQGHU WKH FOXVWHUEDVHG H[SDQVLRQ DSSURDFK
8QGHUWKHVDLGDSSURDFKZHKDGLGHQWLHGDPL[RI
semi-urban and metropolitan cities for opening of
branches.
100
50
0
till 31.03.2010
till 31.03.2011
2SHUDWLQJ SURW RI *DQGKDNRVK KDV ULVHQ IURP

` 112.87 crore as on 31st March, 2010 to
` 215.08 crore i.e. by 90.56 per cent till
VW0DUFK7KLVVKDUSVSXUWLQRSHUDWLQJSURW
by ` 102.21 crore in FY 2010-11 itself, once again
vindicates the fact that Gandhakosh a Bank within
Bank has not only created Wealth out of Waste
but has spread its fragrance in the true sense.
14. BRANCH EXPANSION:
Your Bank had started with a single branch in the year
,QWKHQH[WIHZGHFDGHVLWIXUWKHUH[SDQGHGWR
the neighbouring States of Maharashtra and Goa and
later to Madhya Pradesh, Karnataka, Gujarat and
Delhi. Recently, in response to our request, we have
UHFHLYHGSHUPLVVLRQIURPWKH5%,ZKLFKH[WHQGVRXU
area of operation to the entire Union of India. As per
WKH5%,GLUHFWLYHRQO\ZHOOPDQDJHGDQGQDQFLDOO\
VRXQG8&%VDUHHOLJLEOHWRRSHQEUDQFKHVH[WHQVLRQ
counters in their approved area of operation, beyond
,QOLQHZLWKRXUH[SDQVLRQSODQV\RXU%DQNLVSURXG
to inform that we have moved from a footprint of 200
branches as on 31st March, 2010 to 216 branches as
RQVW0DUFK7KRXJKWKLUW\YHQHZEUDQFKHV
were opened during the year, the total number of
IXQFWLRQDO EUDQFKHV KDV JRQH XS RQO\ E\ VL[WHHQ
because simultaneously many branches which
DUH LGHQWLHG IRU UHORFDWLRQ ZKLFK ZHUH RULJLQDOO\
belonging to merged banks - have been closed,
pending relocation). Under the cluster approach,
we have opened two branches in Nagpur, four
EUDQFKHV LQ 0XPEDL WZR EUDQFKHV LQ *RD DQG VL[
branches in Pune, during FY 2010-11. We have also
pursued our cluster-based approach in Karnataka
by opening three more branches in Bengaluru
DQG VWDUWHG EXLOGLQJ D QHZ FOXVWHU E\ RSHQLQJ YH
branches in Ahmedabad. This will enable us to make
our presence felt strongly in new areas. The number
of branches in our neighbouring States of Gujarat,
Karnataka and Goa now stand at eight, fourteen and
nine respectively.
To cater to the operational requirements of these
branches, we have opened various departments
YL]D=RQDO2IFHDW%HQJDOXUXWZR60(EUDQFKHVLQ
Mumbai one at Dadar and the other at Nariman Point.
35
7KHGHWDLOVRIDOOWKHWKLUW\YHQHZEUDQFKHVRSHQHGGXULQJ)<2010-11 are listed below as Table No. 5:

Table No. 5:
'HWDLOVRIWKHWKLUW\YHQHZEUDQFKHVRSHQHGGXULQJWKHSHULRG7R
Sr.
Name of the Branch
Location
Date of
No.
Opening
1 Malad Link Road (with ATM),
Parija Co-op Housing Society Ltd,
07.05.2010
Mumbai
Opp. Chincholi Bunder Fire Brigade,
Link Road, Malad (W), Mumbai 400 064.
2 Veera Desai Road (with ATM),
Bharat ARC, Veera Desai Road,
10.05.2010
Mumbai
Andheri (W), Mumbai 400 053.
3 Bhandup (with ATM), Mumbai
*URXQGRRU-D\VKUHH3OD]D
31.05.2010
Near Dream Mall, L.B.S. Marg, Bhandup (W),
Mumbai 400 078.
4 Rameshwar Plaza - Kankavli with Rameshwar Plaza, M.K.G Marg,
15.06.2010
ATM, Sindhudurg, M.S.
1HDU3UDQW2IFH.DQNDYOL'LVW6LQGKXGXUJ
Maharashtra 416 602.
5 Banashankari (with ATM),
Chandan Building, 4th Cross, 7th Block,
03.07.2010
Bengaluru
W.K.P. Road, Jayanagar, Bengaluru 560 082.
6 Chamrajpeth (with ATM),
Ambika, Site No. 10, Shankarmath Road,
03.07.2010
Bengaluru
K.G. Nagar, Chamrajpeth, Bengaluru 560 018.
7 Gandhinagar (with ATM),
Apartment No. 1 & 2, Pamadi Towers,
03.07.2010
Bengaluru
First Main Road, Gandhinagar,
Bengaluru 560 009.
8 Hingna Road (with ATM), Nagpur Khasra No. 97/1 D, House No. 651/D, Singh
05.08.2010
&RPSOH[2SS9,3,QGXVWULHV+LQJQD5RDG
Nagpur 440 016.
9 Chhapru Nagar (with ATM),
91, Chhapru Nagar Chowk, Nagpur 440 008.
05.08.2010
Nagpur
10 Rajapur (with ATM),
First Floor, Durga Madhav Niwas, Bhat Ali,
11.08.2010
Ratnagiri, M.S.
Taluka - Rajapur, Dist. - Ratnagiri 416 702.
11 Lanja (with ATM), Ratnagiri, M.S. Ground Floor, Opp. New English High School,
11.08.2010
At Mumbai-Goa Highway, Lanja,
Dist. - Ratnagiri 416 701.
12 Vapi (with ATM), Gujarat
Shop No. 2B, 3 & 4, Ground Floor, Shanti
11.08.2010
&RPSOH[3ORW1R31HDU5HOLDQFH0DOO
Opp. Prime Hotel, GIDC, Vapi 396 195.
13 MIDC Seepz (with ATM), Mumbai Ground Floor, Premier Chemicals, Plot No. 38,
11.08.2010
MIDC, Central Road, Andheri (E),
Mumbai 400 093.
14 Vasai (E) (with ATM),
Hall - B, Rashmi Residency, Vasai Nallasopara
11.08.2010
Dist. - Thane, M.S.
Link Road, Vasai (E), Dist. - Thane 401 209.
15 Goregaon Link Road, Mumbai
Ground Floor, S.N.Vrindavan CHS Ltd.,
11.08.2010
C.T.S No. 219 (part), Building No. 9,
Shastri Nagar, Link Road, Goregaon (W),
Mumbai 400 104.
16 Porvorim (with ATM), Goa
Shop No. 1 & 1 A, Ground Floor, NH - 17,
23.09.2010
Cosmo Costas Nucleus, Opp. Holy Family
Church, Porvorim, Bardez Goa - 403 521.
36
Sr.
Name of the Branch
No.
17 Bicholim (with ATM), Goa
18 Mira Road (with ATM),

Dist. - Thane, M.S.
19 Thakur Village Branch (with ATM),
Mumbai
20 Sanpada Branch (with ATM),
Navi Mumbai
21 SME Branch - Nariman Point,
Mumbai
22 SME Branch Dadar, Mumbai
23 Viman Nagar (with ATM), Pune,
M.S.
24 Vishrantwadi (with ATM), Pune,
M.S.
25 Bavdhan (with ATM), Pune, M.S.
26 Anand Nagar (with ATM),
Ahmedabad
27 C.G. Road (with ATM),
Ahmedabad
28 Bapu Nagar (with ATM),
Ahmedabad
29 Isanpur (with ATM), Ahmedabad
30 Naranpura - Wadaj (with ATM),
Ahmedabad
31 Connaught Place (with ATM),
New Delhi
32 Adajan (with ATM), Surat, Gujarat
State
33 Kondhava (with ATM), Pune, M.S.
34 Sinhagad (with ATM), Pune, M.S.
35 Fatima Nagar, Pune, M.S.
Location
Shop No. 8 & 9, Ground Floor,
Shetye Resicom, Near Municipality,
Bicholim - Goa 403 504.
*URXQG)ORRU2O\PSLD&+65R\DO&RPSOH[
Opp. Shanti Nagar, Sector - 10,
Mira Road. Thane (E) 401 107.
Thakur Public School, Near Thakur College
Ground, Thakur Village, W.E. Highway,
Kandivali (E), Mumbai 400 101.
Vivekanand Sankul, Sector - 4, Sanpada,
Navi Mumbai 400 705.
Mittal Court, A Wing, 1st Floor, Vidhan Bhavan
Marg, Nariman Point, Mumbai 400 021.
1st Floor, Popatlal Niwas, Ranade Road,
Dadar (West), Mumbai 400 028.
1LNR$QQH[H1HDU1LNR*DUGHQ6XUYH\1R
Viman Nagar, Pune 411 014, M.S.
Kanakdhara, A/11, Kasturba CHS Ltd.,
Vishrantwadi, Pune 411 015, M.S.
26, 27 and 28, Aditya Shagun Mall,
Bavdhan, Pune 411 021, M.S.
Shop No. 17, Shangrila Arcade, Anand
Nagar, Pralhad Nagar Road, Satellite Area,
Ahmedabad 380 015.
(\H&RPSOH[8QLW1RDQG3DQFKDYDWL
Panch Rasta, C.G. Road, Ahmedabad 380 006.
Unit No. 12,14,15 and 16, Devraj,
Thakkar Bapu Nagar, India Colony Road,
Ahmedabad 380 024.
Unit No. 1 and 2, Dev Castle, Isanpur Branch,
Ahmedabad 380 443.
Unit No. 10 and 11, Shivalik Yash,
132 ft. Ring Road, Naranpura Wadaj,
Ahmedabad 380 013.
L/13, Outer Circle, Connaught Place,
New Delhi 110 001.
Shop No. 4,5 and 6, Western Corridor, Pal
Harija Road, Adajan, Surat 395 009, Gujarat
Pikaso Kedari Icon, Survey No. 17/1, 5B, 7, 9,
Plot No. 4, Salunkhe Vihar Road. Pune - 411 048,
M.S.
Shop No. 101 and 102, Sun Orbit,
Survey No. 12, Anand Nagar, Vadgaon Budruk,
Sinhagad Road, Pune 411 051. M.S.
Showroom No. A, C Wing, KPCT Mall,
Fatima Nagar, Pune 410 040, M.S.
Date of
Opening
23.09.2010
23.09.2010
01.11.2010
02.11.2010
04.01.2011
05.01.2011
18.01.2011
05.02.2011
05.02.2011
29.03.2011
29.03.2011
29.03.2011
29.03.2011
29.03.2011
30.03.2011
30.03.2011
31.03.2011
31.03.2011
31.03.2011
37
Future Approach Towards Branch Network:

Earlier, due to the restriction from the Regulator (RBI),
like all other Urban Co-operative Banks, your Bank
could not add a single branch from 2001 to 2005 and
the total number of our branches were languishing at
VHYHQW\YH:LWKWKHEROGGHFLVLRQRIDFTXLULQJVLFN
and weak co-operative banks, your Bank could add
QLQHW\VL[EUDQFKHVE\0DUFK:LWKWKHIXUWKHU
UHOD[DWLRQE\WKH5HJXODWRU\RXU%DQNFRXOGUHDFK
a total branch network of 216 by 31st March, 2011.
With the ambitious growth plan in the years ahead,
your Bank is targeting to open new branches in those
areas where it has already got a strong foothold, as
well as in those areas where there is a huge business
SRWHQWLDO:LWKLQWKHEURDGHUEUDQFKH[SDQVLRQSODQ
of your Bank, our aim is to have within a span of
YH \HDUV LH E\ 'HFHPEHU D WRWDO RI
branches, which include the following projects, which
will be completed before December, 2013.
a)
Completion of one hundred branches in Mumbai

(within the Mumbai Municipal Corporation limits).
&XUUHQWO\ZHKDYHVHYHQW\VL[EUDQFKHV
E &RPSOHWLRQ RI IW\ EUDQFKHV LQ 7KDQH DQG

outskirts. (Currently, we have nineteen branches)
F &RPSOHWLRQ RI IW\ EUDQFKHV LQ 3XQH DQG
LWV RXWVNLUWV &XUUHQWO\ ZH KDYH WZHQW\VL[
branches)
G &RPSOHWLRQ RI IWHHQ EUDQFKHV LQ $KPHGDEDG
DQG D WRWDO RI WZHQW\YH EUDQFKHV LQ *XMDUDW
(Currently, we have eight branches)
H &RPSOHWLRQ RI IWHHQ EUDQFKHV LQ %HQJDOXUX
DQGDWRWDORIWZHQW\YHEUDQFKHVLQ.DUQDWDND
(Currently, we have fourteen branches)
I
&RPSOHWLRQ RI WZHQW\YH EUDQFKHV LQ WKH

.RQNDQ 5HJLRQ &XUUHQWO\ ZH KDYH VL[WHHQ
branches)
i)
Completion of ten branches in NCR (National

Capital Region). (Currently, we have two
branches)
M &RPSOHWLRQ RI IWHHQ EUDQFKHV LQ *RD

(Currently, we have nine branches)
N 2SHQLQJ RI IWHHQ EUDQFKHV LQ PDMRU FLWLHV
where we do not have any presence today.
Your Board of Directors has thus decided that your
Bank should have a cluster-based approach to
EUDQFKH[SDQVLRQRYHUWKHQH[WWZR\HDUV
Performance of New Branches:
RBI started issuing fresh licenses to Urban
Co-operative Banks since FY 2008-09. Under that
Policy as well as by relocating some of the branches
of the erstwhile merged banks, your Bank set up
VL[W\WKUHH EUDQFKHV DW QHZ ORFDWLRQV VLQFH
July 2008 till end-March 2011. While establishing
these branches, focus was maintained on the Financial
Inclusion aspect, which has been the passion of
\RXU%DQN7KXVWKHEUDQFKPL[ZDVHTXDOO\VKDUHG
between metros, urban centres and semi-rural centres.
7KHVH VL[W\WKUHH EUDQFKHV RSHQHG GXULQJ YDULRXV
time periods since FY 2008 added a total business of
` 2,652.33 crore till 31st March, 2011 to the Banks
WRWDOEXVLQHVVPL[)XUWKHULWDGGHG` 18.98 crore to
your Banks bottomline.
The following table depicts the performance of these
branches.
Table No.6:
(` in crore)
Number of branches opened since July 2008 till

end-March 2011
$3URW0DNLQJ%UDQFKHV
No. of Branches
13
Deposits Advances Total Business

465.62
1,342.25
1,807.87
3URW
29.12
(B) Loss-Making Branches

No. of Branches
50
Deposits Advances Total Business
3URW
443.45
401.01
844.46
-10.14
909.07
1,743.26
2,652.33
18.98
J &RPSOHWLRQ RI IWHHQ EUDQFKHV LQ 0DUDWKZDGD

Region. (Currently, we have seven branches)
Grand Total (A+B)
K &RPSOHWLRQ RI IWHHQ EUDQFKHV LQ 9LGDUEKD

Region. (Currently, we have four branches)
Going forward, these new branches will be multiplying

their business, thus adding to the overall business
38
63
DQG SURWV RI \RXU %DQN <RXU %DQNV GHFLVLRQ WR

set-up these new branches is thus fully vindicated.
15. RISK MANAGEMENT:
Credit Risk:
The credit portfolio forms the major chunk of the
total assets of your Bank and therefore considerable
attention is paid to risk mitigation in this area. For this
SXUSRVH\RXU%DQNUHJXODUO\PRQLWRUVRXUH[SRVXUH
to various industries.
A special cell is in operation to monitor the Special
Mention Accounts i.e. accounts showing signs of
incipient sickness, so as to prevent deterioration
in the credit quality of the asset by identifying the
problems at an early stage and also adopting nursing
measures to prevent further deterioration in the asset
quality. In addition to the above, all the proposals
relating to accounts having low credit rating are
subjected to additional screening through the SMA
cell in the Risk Management Department. Your Bank
has fully established an internal credit rating system,
wherein every proposal is assessed on relevant
QDQFLDODQGRWKHUSDUDPHWHUVDQGDSSURSULDWHFUHGLW
rating is assigned to each proposal. Additionally,
in order to validate the internal rating system, your
%DQNJHWVDOOKLJKYDOXHDFFRXQWVUDWHGE\H[WHUQDO
rating agencies such as CRISIL. This enables the
sanctioning authorities to make an informed decision
and also to determine appropriate credit pricing in
each high value proposal.
Operational Risk:
Operational Risk is one of the major risks faced by
the banks, it being all pervasive and embedded in their
business operations. It is the continuous endeavour
of the Operations Risk team to identify, assess and
mitigate the Operational Risk embedded in the
various areas of banking as also to evaluate the risks
likely to emerge in the future. With a view to have an
integrated control over the Banks Operational Risk
SUROHDQ2SHUDWLRQDO5LVN0DQDJHPHQW&RPPLWWHH
(ORMC) has been constituted in the Bank. The
&RPPLWWHHLVKHDGHGE\WKH&KLHI)LQDQFLDO2IFHU
and comprises Heads of the Risk Management
Department, the Audit Department and the Vigilance

'HSDUWPHQW 7KH 250& LGHQWLHV WKH ULVNSURQH
areas and suggests the mitigating measures for
these risks.
Market Risk:
RBI has made it mandatory for Urban Co-operative
Banks to calculate the duration-based Capital Charge
on the Market Risk in line with Basel-II requirements
with effect from 1st April, 2010. Accordingly, your
Bank has commenced the calculation of Duration
based Capital Charge for Market Risk and will be
factoring the same in the overall Capital Adequacy
Ratio calculation.
Know Your Customer (KYC):
Your Bank attaches great importance to strict
adherence to KYC standards mandated by RBI. The
Bank has already put in place a Know Your Customer
(KYC) Policy duly approved by the Board. The Policy
HQVXUHV WKDW WKH %DQN LV GHDOLQJ ZLWK D ERQDGH
customer. The Policy lays down the procedure to be
DGRSWHG IRU SURSHU LGHQWLFDWLRQ RI WKH FXVWRPHUV
while opening the accounts. Also, in order to ensure
that our strict adherence to the KYC standards
does not result in denial of banking services to the
underprivileged sections of the society, we have
specially launched a scheme called Janhit scheme.
7KHVH VLPSOLHG .<& QRUPV XQGHU WKH -DQKLW
scheme, for members of the underprivileged section
of society desirous of opening an account but unable
WR RIIHU DOO LGHQWLFDWLRQ GRFXPHQWV KDV KHOSHG
thousands of needy and deserving customers.
Anti Money Laundering (AML):
Your Bank is taking every possible step to ensure that
the accounts maintained in the Bank are not utilized
for conducting Money Laundering activities. Proper
systems support is provided to the branches for this
purpose. AML software which has been implemented
across the Bank enables the generation of alerts
UHJDUGLQJDQ\WUDQVDFWLRQZKLFKYLRODWHVSUHGHQHG
rules. On the basis of these alerts, the branches
verify whether the transaction is suspicious and if
so, the same is reported to the Financial Intelligence
39
Unit-India (FIU-IND). Similarly, your Bank also

ensures that a person with a dubious background is
not able to open an account. This is done by verifying
the names of the prospective account holders with
various lists e.g. Fraudster List, UN sanctioned
Terrorist List, Defaulters List, etc. These searches
are facilitated by the AML software of the Bank.
Combating Financial Terrorism (CFT):
Your Bank ensures that all circulars issued by
the Reserve Bank of India enumerating the UN
sanctioned terrorists list are circulated to the branches
IRU DFWLYH YLJLODQFH DQG SUHFDXWLRQV VSHFLHG ZKLOH
GHDOLQJ LQ IRUHLJQ H[FKDQJH WUDQVDFWLRQV ZLWK KLJK
risk countries are duly observed.
Your Bank has taken every possible step to
identify the high value cash transactions. These
transactions are screened by the branches to verify
their origins. As per the provisions of Prevention of
Money Laundering Act (PMLA) and rules framed
there-under, all high value cash transactions
are promptly reported to FIU-IND through Cash
Transaction Reports (CTR), as per the provisions of
the Act.
Asset Liability Management:
The Risk Management Department monitors the
asset-liability mismatches of the Bank by preparing
the Asset Liability Statement on a regular basis.
In addition to the RBI prescribed norms for net
FXPXODWLYHQHJDWLYHPLVPDWFKWRFXPXODWLYHRXWRZ
of the short-term time buckets, your Bank has
prescribed prudential limits for longer term buckets
also. As regards Liquidity Risk, your Bank monitors
the liquidity not only by preparing the Structural
Liquidity Statement (Current static position of the
Bank) but also by preparing the Short-Term Dynamic
Liquidity statement (projecting future liquidity on
WKH EDVLV RI DQWLFLSDWHG LQRZV DQG RXWRZV 7KH
analysis of these two statements as well as Interest
Rate Sensitivity statement enables the Bank to
monitor the liquidity as also the interest rate risks
inherent in the books of the Bank.
The Risk Management team of your Bank endeavours
to adopt and implement the best practices in Risk
40
Management necessitated by the present dynamic

banking scenario.
16. AUDIT & INSPECTION:
Your Bank is on a fast growth trajectory, having
216 branches spread across various States as on
31st March, 2011. Conducting, monitoring and
controlling audit activity at all these branches and
also at various departments and service centres of
the Bank is done through online audit. Your Bank has
a policy of risk rating of all branches on the basis
of various parameters approved by the Board of
Directors, wherein due weightage has been attached
WR QDQFLDO SDUDPHWHUV DV SHU WKH JXLGHOLQHV JLYHQ
E\ 5%, 7KRXJK QDQFLDO JXLGHOLQHV DUH FULWLFDO IRU
the risk rating of branches, the management of your
Bank is fully aware of risks relating to Information
security emanating from use of Core Banking System
(CBS) and hence adequate importance is also given
to IS audit.
Your Bank is now offering services through various
electronic delivery channels. Your Bank is ensuring
through IS audit, whether the information systems
in use are being effectively managed, safeguarding
the Banks assets, maintaining data integrity, and
DUH RSHUDWLQJ HIIHFWLYHO\ DQG HIFLHQWO\ WR DFKLHYH
the organizations goals and objectives. The audit of
branch servers is part of the IS audit conducted by
the Audit department. Your Bank has implemented
server-hardening policy at all branches, which is
effectively monitored by the Audit & Inspection
Department.
$V IDU DV QDQFLDO SDUDPHWHUV DUH FRQFHUQHG DOO
EUDQFKHV LQFOXGLQJ VHUYLFH FHQWUHV DUH FODVVLHG
into two segments, where either concurrent or
non-concurrent audit are conducted. All branches
LGHQWLHG IRU FRQFXUUHQW DXGLW EDVHG RQ WKHLU
QDQFLDO SRVLWLRQ ZKLFK LV D FULWLFDO ULVN SDUDPHWHU
DUHDXGLWHG E\H[WHUQDO DXGLWUPVRQDGD\WRGD\
EDVLV 6HOHFWLRQ RI WKHVH DXGLW UPV IRU FRQFXUUHQW
audit and also non-concurrent audit is done through
a rigorous process carried out every year, and
their performance is closely monitored by the Audit
Department. All other branches, which are not under
FRQFXUUHQW DXGLW DUH DXGLWHG TXDUWHUO\ E\ H[WHUQDO
DXGLWUPV
,Q DGGLWLRQ WR WKH DERYH RIFLDOV IURP WKH $XGLW

department conduct yearly inspection of the branches
under concurrent audit and regular inspection is
carried out at all non-concurrent branches. During
their yearly and regular audit, the Audit department
rates every branch on various parameters called
Audit rating, the basis of which is already approved
by the Board of Directors. The Audit rating is based
on various parameters of branch operations and
each branch is rated accordingly. Special attention
is provided to branches where rating is low or where
it deteriorates and those branches are closely
monitored for improvement in rating. In promotional
H[HUFLVHV FRQGXFWHG E\ WKH +5' &RPPLWWHH RI
the Board, such Audit ratings are accorded high
importance. Your Board of Directors are of the view
that inadequate attention to housekeeping areas by
Branch Managers can result in frauds and losses to
the Bank. This point is also emphasized at the Banks
Staff Learning Centre in various training courses
conducted for Branch Managers.
17. VIGILANCE AND ACCOUNTABILITY
CULTURE :
Your Board of Directors attach considerable
importance to the vigilance process in the Bank. We
believe that eternal vigilance is the price of sound
Banking. Your Bank has enshrined the Vigilance
REMHFWLYH DV H[WHQGLQJ VXSSRUW WR WKH RUJDQL]DWLRQ
for creating an environment of discipline in which
people act with honesty, possess doubtless integrity
and respect the laid-down procedures, so as to
LQVSLUHFRQGHQFHDPRQJWKHFXVWRPHUVLQSDUWLFXODU
and the stakeholders and society in general.
The Vigilance Department mainly performs four
critical functions viz. fraud detection, correction,
prevention and cure (punitive measures, which it
recommends to the HRD Department). Your Bank
UPO\ EHOLHYHV LQ D SURDFWLYH DQG SUHHPSWLYH UROH
of vigilance, wherein high weightage is given to
surprise, search and detection.
Your Bank is bound by the professional ethics of
maintaining high personal integrity and ensuring
full security of its day-to-day operations. The Bank
has to ensure integrity not only of its systems and
procedures but also of its people. The Bank has to
JXDUG DJDLQVW WKH UHFNOHVV PDODGH DQG FULPLQDO
intentions of both insiders and outsiders. Your

Bank also attaches great importance to ward off
gullibility, if any, among processing and controlling
RIFLDOV 7KH H[DPLQDWLRQ RI DFFRXQWDELOLW\ KDV
therefore been given utmost sanctity in your Bank.
Members of staff, who commit gross negligence,
show reckless disregard towards duties, indulge in
serious infractions of discipline or misuse discretion
and delegated authority or act without understanding
consequences of their actions, which all are
GHWULPHQWDOWRWKHQDQFLDODQGUHSXWDWLRQDOLQWHUHVW
of the Bank - are subjected to disciplinary process.
3XQLWLYH PHDVXUHV DUH H[SHGLWLRXVO\ WDNHQ LQ
initiation and disposal of such cases. In furtherance,
DOO FDVHV RI PDODGH DFWV RU ZDQWRQ UHFNOHVVQHVV
DQGGLVUHJDUGHYHQWKRXJKWKHUHPD\EHQRQDQFLDO
loss to Bank, come under the scrutiny of Vigilance
and are appropriately dealt with disciplinary actions,
which are initiated by a special cell in the HRD
'HSDUWPHQW$FFRXQWDELOLW\LQWKH%DQNLVH[DPLQHG
both in terms of primary responsibility as well as
vicarious responsibility i.e. the responsibility of
seniors for the acts of commission and omission
by staff under their charge. During the year under
Report, one employee has been dismissed and one
6HQLRU 0DQDJHU RQH 0DQDJHU WZR 2IFHUV *U %
RQH&OHUNDQGRQH2IFH$VVLVWDQWZKRDUHDOOXQGHU
suspension, are facing departmental enquiry in the
Bank as a process of disciplinary action.
The Vigilance function of your Bank through its Ever
Alertness contributes to the healthy bottomline and
robust health of the Bank. Vigilance function in the Bank
is not only perceived by people in the organization as
an essential and vital support in pursuit of the Banks
objectives and value-based policies but also as an
essential component in the realization of the vision of
the organization. HRD Committee of the Board, Chief
([HFXWLYHV 5LVN 0DQDJHPHQW $XGLW ,QVSHFWLRQ
IXQFWLRQDULHV H[WHQG FRQWLQXHG DQG PHDQLQJIXO
support to the Vigilance Dept. in performing its given
role objectively and transparently thus paving the
way for professionalism in the Bank.
18. MULTIPLE DELIVERY CHANNELS:
a)
Visa Debit Card :

Your Bank launched VISA Debit Card facility to
customers during the year 2008-09 and total
41
number of customers using VISA Debit Card

has since increased to 2.60 lac. During the year
under Report, 1.17 lac new customers were
issued Debit Cards. Your Banks Debit Card has
several advantages like usage at domestic as
well as International ATMs and POS machines
bearing VISA logo, usage at Point of Sale (POS)
for making purchases, funds transfer facility in
linked accounts at our Banks ATMs, etc. Our
VISA Debit Cards are thus well accepted and
the number of transactions at POS and ATMs
has shown substantial increase during the year
under Report as shown below.
due to which, our customers can now access

their account from any part of the country
through ATMs of almost all the leading Banks.
c)
Your Bank had launched Mobile Banking facility

during the year 2006-07. We have 18,185
customers using the SMS Banking facility as on
date. Under the SMS banking facility, two types
of messages are facilitated, i.e. Push and Pull.
Push message is a message sent by the Bank
to the customers. Pull Messages are messages
LQLWLDWHG E\ WKH FXVWRPHU LQTXLULQJ RQ VSHFLF
issues. Various alerts which are available under
the SMS banking facility are as follows:
Table No. 7: Usage of Visa Debit Card:

Domestic Withdrawal
Domestic POS
(i)
Year
No. of
Transaction
Amount
(` in crore)
No. of
Transaction
Amount
(` in crore)
2009-10
4,91,012
112.46
1,33,462
18.50
2010-11
7,67,153
179.80
3,04,508
40.36
b)
ATMs :
'XULQJ WKH \HDU WKLUW\YH QHZ $70 FHQWUHV

were opened, making a total number of 119
ATM centres as on 31st March, 2011. During
the year, separate ATM Card for the use of No
Frills Account holders was launched to give
them access to our ATMs and accordingly 5,253
new ATM Cards were issued to these customers
who can operate their account through any of
our ATMs.
Your Bank has signed up with the National
Payment Corporation of India (NPCI) on 15th
October, 2010 for providing ATM access to our
customers across India. Vision and formation of
NPCI is backed by RBI and the Indian Banking
Association [IBA]. NPCI has been set up to
build a central payment system infrastructure,
ZKLFK ZRXOG EH XVHG E\ DOO EDQNVQDQFLDO
institutions / intermediaries in India in a
cost-effective manner and it would help the
banks provide superior payment services to
their customers. Today, as a result of our access
to NPCI, your Banks customers have access to
more than 73,000 ATMs of 54 member banks.
This is an important development for the Bank,
42
Mobile Banking :
Credit of any amount of ` 5,000/- or above

DVVSHFLHGE\WKHFXVWRPHU
(ii) Debit of any amount of ` 5,000/- or above

DVVSHFLHGE\WKHFXVWRPHU
(iii) Alert for Point of Sale transactions for any
amount.
(iv) Securities getting credited in Demat Account.
(v) Securities getting debited in Demat Account.
(vi) Promotional messages.
Your Bank has already applied to RBI seeking
permission to offer other features under mobile
banking as follows:
(i) Interbank Mobile Payment Service through
National Payment Corporation of India.
(ii) Mobile top-up facility.
(iii) Airline/Railway/Movie ticket booking on
mobile.
(iv) Utility Bill payment on mobile.
d)
Internet Banking :
Your Bank launched Internet Banking facility during
the year 2007-08. We have 31,519 customers
using Internet Banking facility as on date and the
number is increasing gradually. Functionalities
offered on Internet Banking at present include:
(i)
View Linked Accounts Details
(ii) Account Balance

(iii) Mini Statements
(iv) Status of Cheque Fund Transfer in own
account
(v) View Loan Account details

(vi) Check activities carried at the end of the
session
(vii) Cheque book request
To make our Internet Banking more customerfriendly and to allow our customers to avail
complete online banking facility, the following
initiatives are being launched in the current year
i.e. FY 2011-12.
(i) Online Interbank money transfer through
RTGS/NEFT.
(ii) Online utility bill payment and online
shopping facility.
e)
RTGS/NEFT:
As you are aware, your Bank is active on the
RTGS/ NEFT platform since its inception. The
threshold limit for RTGS has been increased
this year from ` 1 lac to ` 2 lac. Your Bank has
been continuously educating the customers
DV UHJDUGV WKH EHQHWV RI PRYLQJ RQ WR WKH
electronic platform for funds transfer. As a result,
we feel proud to report to you that the volume
of RTGS/NEFT transactions have increased
from ` 2,20,520 crore in FY 2009-10 to
` 3,03,185 crore in FY 2010-11, a rise of 37.49
per cent on a y-o-y basis.
LLL )DFLOLW\WRYLHZWD[VWDWHPHQWRQOLQHWKURXJK
NSDL.
19. FINANCIAL PERFORMANCE:

7KH IROORZLQJ 7DEOHV 1R 1R DQG 1R UHHFW \RXU %DQNV QDQFLDO SHUIRUPDQFH GXULQJ WKH
FY 2010-11 as a snapshot:
Table No. 8:
Business Growth:
Particulars
Deposits (i+ii)
(a) Current
(b) Savings
(i) Low-Cost Deposits (a)+(b)
(ii) Term
Advances
Investments
Total Business Turnover
Table No. 9:
Operating Results
Particulars
Interest Income
,QWHUHVW([SHQVHV
Net Interest Income
Non-Interest Income
Total Operating Income
2SHUDWLQJ([SHQVHV
*URVV3URW
Provisions & Transfers
3URW%HIRUH7D[
,QFRPH7D[
3URW$IWHU7D[DQGEHIRUH([FHSWLRQDO,WHPV
([FHSWLRQDO,WHPV
1HW3URW$IWHU7D[DQG([FHSWLRQDO,WHPV
31-Mar-10
14,266.73
1,244.30
3,003.37
4,247.67
10,019.06
9,250.35
5,321.39
23,517.08
31-Mar-10
1,286.70
957.89
328.81
171.50
500.31
284.47
215.84
36.68
179.16
40.00
139.16
19.49
119.67
31-Mar-11
15,800.96
1,050.94
3,513.15
4,564.09
11,236.87
11,511.99
5,253.77
27,312.95
31-Mar-11
1,512.72
984.92
527.80
178.14
705.94
347.75
358.19
63.39
294.80
81.23
213.57
1.30
212.27
(` in crore)
Increase
10.75%
-15.54%
16.97%
7.45%
12.15%
24.45%
-1.27%
16.14%
(` in crore)
Change
17.57%
2.82%
60.52%
3.87%
41.10%
22.24%
65.95%
72.82%
64.55%
103.08%
53.47%
-93.33%
77.38%
43
Table No. 10:

Key Indicators of Performance:
31.03.2010 31.03.2011
1 Return On Avg. Assets (%)
0.74
1.16
2 Non-Interest Income to
11.76
10.54
Total Income (%)
3 Cost to Income (%)
56.86
49.26
4 Net Interest Margin (%)
2.61
3.52
5 Average yield on
11.47
11.14
advances (%)
6 Average yield on
6.83
7.34
investments (%)
Working Note
Non-Interest Income to
11.76
10.54
Total Income (%)
Non Interest Income
171.50
178.14
(` in crore)
Total Income (` in crore)
1,458.20
1,690.86
Notes:
9
Return on average assets is the ratio of the net

SURWDIWHUWD[WRWKHDYHUDJHDVVHWV
Non-Interest income represents income from

FRPPLVVLRQ H[FKDQJH WUDGLQJ LQ *RYW
securities etc.
9 &RVWUHSUHVHQWVRSHUDWLQJH[SHQVHVZKLOHWKH
income represents net interest income and the
non-interest income.
9
Net Interest Margin (NIM) is the ratio of Net

Interest income to average earning assets.
Segmentwise Performance:
SBU-Retail Business:
Retail loans:
7KH QDQFLDO \HDU UHPDLQHG SDUWLFXODUO\
good for the credit portfolio. Bank Loans across
the industry grew by 20.60 per cent as against RBI
projections of 20 per cent for the year 2010-2011.
As a part of major organizational restructuring, Retail
Banking Department was set up in the year 2002
to give focus on retail products with the objective of
developing long-term asset portfolio and low-cost
deposits. Since the setting up of the Retail Banking
Department, the Retail Loans portfolio has grown
satisfactorily. The Retail Assets portfolio grew from
44
a meagre level of around ` 300 crore in FY 2002 to

the level of ` 2,398.17 crore as on 31st March, 2011.
During the year under review, your Bank achieved
two important milestones in retail assets portfolio:
1.
Total disbursement under retail loans crossed

the major numeral of ` 1,000 crore, in a single
QDQFLDO\HDU
5HWDLO/RDQSRUWIROLRFURVVHGWKHFRYHWHGJXUH
of ` 2,000 crore.
The share of Retail Loans to Total Advances
increased from 18.79 per cent as on 31st March,
2010 to 20.83 per cent as on 31st March, 2011.
During the year 2010-2011, retail loan disbursement
was ` 1,077.59 crore as against a disbursement of
` 710 crore during the year 2009-2010 i.e. a growth
of 51 per cent on year-on-year basis was registered
H[FOXGLQJGLVEXUVHPHQWXQGHU0+$'$3URMHFW
of ` 412 crore, which was of a temporary nature).
The Retail Loan portfolio of the Bank which was at
` 1,738.68 crore as on 31st March, 2010 increased to
` 2,398.17 crore as on 31st March, 2011 registering a
JURZWKRISHUFHQWH[FOXGLQJGLVEXUVHPHQWXQGHU
MHADA Project 2010 of ` 412 crore, which was of a
temporary nature).
Your Bank had won the prestigious MHADA Project
in January 2010. For the successful applicants, your
Bank announced a special Home Loan scheme
offering a competitive rate of interest of 8 per cent for
WKHUVW\HDU7KLVVFKHPHZDVZHOFRPHGDQG
VXFFHVVIXODSSOLFDQWVWRRNWKHEHQHWRIWKLVVFKHPH
with a disbursement of ` 65.10 crore so far.
In order to boost the Retail Loan portfolio, SBU Retail
Banking launched various campaigns focussing
on products like Vastu Siddhi Home Loan, Super
Fast Car Loan Scheme, Saraswati Education Loan
throughout the year. These initiatives boosted the
growth of Retail Loans during the year and helped in
achieving the annual target. Across the various retail
ORDQ SURGXFWV PD[LPXP EXVLQHVV ZDV FRQWULEXWHG
by Vastu Siddhi Home Loan (` 664.34 crore) followed
by Super Fast Car Loan (` 208.96 crore). Although
a new retail product was not introduced during the

\HDU WKH SURGXFW IHDWXUHV ZHUH PRGLHG IURP WLPH
to time in order to remain competitive with the other
market players. The disbursement under various
products during the year was as follows:
Table No. 11:
Product Name
(` in crore)
Amount
Vastu Siddhi Home Loan
664.34
Super Fast Car Loan
208.96
Saraswati Education
21.66
Doctor Delite
25.53
Samruddhi
56.96
Others
Total
100.14
1,077.59
In order to boost the car loan business, your

Bank initiated a tie-up with M/s Tata Motors Ltd.
Commercial as well as Passenger vehicles. An MOU
has been signed with M/s Tata Motors conferring the
status of Preferred Financer to your Bank. During
our campaigns, special concessions were offered by
Tata Motors to customers availing Car Loan from your
Bank for purchase of the Tata Passenger Vehicle.
This tie-up will be pursued further and leveraged
GXULQJWKHFXUUHQW\HDUWRJDUQHUPD[LPXPEXVLQHVV
Success Story of RASECs:
In the previous Report, your Bank had mentioned
about setting up of Retail Assets and Small
Enterprises Centre (RASEC) to ensure developing
a healthy retail asset portfolio. At present, there are
VL[ 5$6(&V RQH HDFK DW %RULYDOL 7KDQH 'DGDU
Matunga, Pune and Aurangabad. Out of the total
disbursement of ` 1,077.59 crore, disbursements
handled by RASECs are at ` 852.59 crore i.e. almost
79 per cent of the Banks disbursement was initiated
through the RASECs, that too when out of the 209
EUDQFKHV H[FOXGLQJ 60(V DQG 2YHUVHDV RI WKH
Bank, only 116 branches are covered by RASECs.
During the year, your Bank proposes to set up
more such RASECs so that the entire retail asset
business will be handled by them. This will go a
long way in ensuring growth in retail credit, lowering

delinquencies and thus developing a healthy longterm retail assets portfolio for the Bank.
Control of Delinquencies in Retail Credit by
RASECs:
While increasing the retail loan portfolio, your Bank
has also taken steps to ensure developing a healthy
portfolio with minimal delinquencies, by taking early
steps in case of all loans showing signs of sickness.
Gross NPAs in retail loan portfolio which were at
` 64.97 crore as on 31st March, 2010 have come
down to ` 59.33 crore during the current year. The
Gross NPAs per cent to the total outstanding Retail
loans has also reduced from 3.20 per cent last year
to 2.47 per cent for the year ending 31st March, 2011.
As afore-mentioned, the gross NPAs in your Banks
retail credit are at 2.47 per cent upto 31st March,
2011. Some of these NPAs are inherited from the
erstwhile seven merged banks. Your Board of
Directors considers this level reasonable by industry
H[SHULHQFH EXW EHOLHYHV WKDW LW KDV WR EH EURXJKW
down below 2 per cent by 31st March, 2012 and
further drastically down thereafter to 1 per cent. The
reasons for which RASECs (Retail Asset Centres)
were created by your Board of Directors included
7R HQVXUH WKDW RQO\ H[SHUWV LQ UHWDLO FUHGLW

processing should handle the sanctioning
of retail assets,
(2) Reduce the turnaround time so that
obtaining retail credit from us is a joy to our
customers and
(3) More importantly, arrest delinquencies.
Your Board of Directors is very happy to report that

all the RASECs indeed lived up to the role and
H[SHFWDWLRQV IRU ZKLFK WKH\ ZHUH FUHDWHG %HVLGHV
DXJPHQWLQJ RZ RI FUHGLW WR WKH UHWDLO VHFWRU WKH
RASECs have successfully arrested the rate of
delinquencies in this segment, which can be seen
from the following table, which provides details
concerning sanctions and overdues since the
formation of the RASECs.
45
Table No. 12:
(` in lac)
Since Inception Business Position of RASECs

RASEC
Date of Formation
RASEC Thane
17-10-2007
RASEC Pune
15-11-2007
RASEC Borivali
24-12-2007
RASEC Aurangabad
25-06-2008
RASEC Dadar
21-07-2008
RASEC Matunga
01-12-2009
TOTAL
No. of A/cs
5,491
6,849
7,061
2,291
4,260
1,017
26,969
Thus, a total sum of ` 1,839.66 crore was sanctioned

by RASECs since their inception and NPAs in
that huge portfolio are of the order of ` 95 lac only
LHWKH13$VDUHDWSHUFHQW5$6(&RIFLDOV
have been told not to allow to lower their guard on
these loans because lower delinquencies may have
SDUWO\UHHFWHGWKHIDFWWKDW5$6(&VDUHEXWUHFHQWO\
created start-ups.
Retail Deposits:
Total Deposits of the Bank grew to ` 15,800.96 crore
as on 31st March, 2011 from ` 14,266.73 crore,
i.e. growth of 10.75 per cent.
Retail deposits form the core of your Banks business.
With a view to retaining the maturing deposits as
also to attract new clientele, your Bank devised
various deposit schemes viz. Samruddhi, Siddhi,
Panchratna during the year. All the said schemes
were formulated with a view to target deposits for a
VSHFLFWLPHKRUL]RQ)RUWKHVKRUWHUWLPHKRUL]RQLH
two to three years, your Bank announced the Siddhi
and Samruddhi schemes. Deposits to the tune of
` 2,251 crore were mopped up under these schemes.
During the year, your Bank launched several
campaigns focussing on acquiring new customers.
The year began with the Savings Utsav Campaign
initiated with an objective to increase our CASA
base. During the campaign, your Bank garnered
25,174 new savings accounts. Towards the end
of the year, a special campaign to garner 50,000
new CASA accounts was launched in the month of
February 2011. Total number of accounts garnered
46
Amount
43,925.58
38,651.07
51,982.88
8,577.18
30,683.90
10,145.66
1,83,966.27
NPA Position of RASECs as

on 31st March, 2011
No. of A/cs
Amount
5
12.52
23
55.37
10
25.50
0
0.00
1
1.61
0
0.00
39
95.00
during this campaign was 53,741. Your Bank has

garnered 2,24,892 new CASA accounts during
FY 2010-11 as against 2,00,839 garnered during
FY 2009-10. It is admitted that this cannot be
considered as an achievement considering the fact
WKDWWKLUW\YHQHZEUDQFKHVZHUHRSHQHGGXULQJWKH
year and twenty-nine branches were opened last year.
Such new branches tend to contribute a large number
of CASA accounts in early months of their start.
In view of the importance of adding up lower age
group clients to our business, who are our potential
account holders of the future, the KIDZEAL 1411
scheme, a recurring deposit scheme for kids, was
launched during the year, eliciting good response and
garnering 20,738 accounts during the drive period.
Such accounts help us to change the demographic
SUROH RI RXU FXVWRPHUV DQG KHOSV LQ HVWDEOLVKLQJ
long-term association with the child account holders,
with multiple business relationship.
This year (FY 2011-12) has been declared as
A year of CASA and the Bank aims to launch
special initiatives to acquire a large number of new
customers to boost the CASA portfolio of the Bank.
The background to your Banks CASA INITIATIVE
KDVEHHQH[SODLQHGHOVHZKHUHLQWKLV5HSRUWXQGHU
the head New Initiatives for FY 2011-12.
SBU - Wholesale Banking Business - Commercial
Loans:
Your Banks commercial loan portfolio mainly
comprised loans to Small and Medium Enterprises
(SME), large industrial borrowers and businessmen.
'RPHVWLF DV ZHOO DV H[WHUQDO GHPDQG LQFUHDVH LQ

investment activity and thrust of the Government on
infrastructure spending led to a sharp spurt in credit
demand from Corporates and the SME segment.
During the year under Report, the commercial loan
portfolio of your Bank increased from ` 7,108 crore
as of 31st March, 2010 to ` 9,114 crore as on
31st March, 2011 showing a rise of ` 2,006 crore
i.e. 28.22 percent.
During the year, your Bank opened two new SME
branches in the heart of the city at Nariman Point and
Dadar (West). These SME branches are equipped
ZLWK SURIHVVLRQDOO\ TXDOLHG UHODWLRQVKLS PDQDJHUV
Job-oriented training is being imparted to enrich their
knowledge on credit appraisal. We propose to set up
two more specialized SME branches, one each at
Aurangabad and Bengaluru in the year 2011-12.
2XU H[SRVXUH WR WKH GLDPRQG WUDGH ZDV DW
2.12 per cent of our total advances as on
31st March, 2010. During the year under Report, it
was consciously trimmed to 1.42 per cent of our total
DGYDQFHV H[SRVXUH WR WKH GLDPRQG LQGXVWU\ ZDV
reduced from ` 196.21 crore to ` 162.91 crore). This
was done after deftly sensing acute recession in the
:HVWHUQPDUNHWVZKHUHWKHGHPDQGIRUOX[XU\JRRGV
steeply declined.
Commercial Real Estate Exposure:
Your Bank understands that so far risks in credit are
concerned, a lot depends on which sector you are
lending to and the precautions that you take, while
lending. The Bank has always to be vigilant about
the volatility in the sector, to which it lends. One
area of concern for shareholders and depositors
of any Bank could be the Commercial Real Estate
H[SRVXUH RI WKH FRQFHUQHG %DQN )RU 8UEDQ
&RRSHUDWLYH %DQNV UHDO HVWDWH H[SRVXUH UHIHUV
to Housing Loans given to individuals as well as
H[SRVXUH WR &RPPHUFLDO 5HDO (VWDWH &5( 7KH
WRWDOH[SRVXUHRI\RXU%DQNWRWKHUHDOHVWDWHVHFWRU
stood at ` 2,390.87 crore as on 31st March, 2011.
The below-mentioned chart depicts the composition
RIRXUUHDOHVWDWHH[SRVXUH
Composition of Real Estate Exposure:

Table No. 13:
(` in crore)
Housing loans
Amount
Housing loans each upto ` 10 lacs
607.72
Housing loans each above ` 10 lacs
1,044.22
Total Housing loans A
1,651.94
Commercial Real Estate Exposure
504.65
Term loans
Overdraft (Limit/ Balance whichever is
234.28
higher)
7RWDO&RPPHUFLDO5HDO(VWDWH([SRVXUH% 738.93
Total Real Estate Exposure (A+B)
2,390.87
It may be noted that of our total real estate
H[SRVXUHRI` 2,390.87 crore, the major portion i.e.
` 1,651.94 crore is of housing loans. The remaining
DPRXQW LH H[SRVXUH WR &RPPHUFLDO 5HDO (VWDWH
(CRE) stands at ` 738.93 crore as on 31st March, 2011.
,QSHUFHQWDJHWHUPVWKHWRWDOH[SRVXUHWRUHDOHVWDWH
(mainly Housing Loans) stands at 20.77 per cent of
the advances. If we consider only the Commercial
Real Estate (CRE) sector, its ratio to total advances
is much lower at 6.42 per cent. Even on a y-o-y
EDVLV WKH H[SRVXUH WR &5( KDV LQFUHDVHG E\ RQO\
` 48 crore during FY 2010-11.
Project Financing:
Your Bank has sanctioned 544 new commercial
loan accounts, some of which have switched over
to us from other Banks. These loans include a few
large industrial projects which we have secured by
joining the syndication/consortium led by major PSU
Banks/Private sector Banks and sanctioned sizeable
DGYDQFHV ZKLFK ZH H[SHFW WR GLVEXUVH RYHU D
SHULRGRIWLPHDVQDQFLDOFORVXUHVKDSSHQDQGDV
the projects progress. In the process, we are now
virtually a part of all major banking consortia in the
country.
Gupt Dhan Yojana: A New Product:
During the year, your Bank has introduced a new
product viz. Gupt Dhan Yojana i.e. overdraft against
SURSHUW\ IRU DGGUHVVLQJ EXVLQHVVSHUVRQDO QDQFLDO
contingencies of our valued customers. Bank could
thus sanction revolving limits under this scheme
WR QHHG\ LQGLYLGXDOVUPV ZLWK WRWDO H[SRVXUH
amounting to ` 116.50 crore.
47
Forex Business:
has been a perceptible shift in the banking industry

towards undertaking trading activities by Treasuries,
in addition to complying with the statutory obligations.
Despite slow global economy, your Bank

has maintained decent merchant turnover of
` 9,556.81 crore, which constitutes Diamond Business Your Bank also has an active dealing desk in
of ` 3,556.15 crore and Non-Diamond business of Treasury, which undertakes trading in debt and
` 6,000.66 crore. In spite of lacklustre performance PRQH\ PDUNHW LQVWUXPHQWV ,Q WKH QDQFLDO \HDU
of the diamond trade across the globe, your Bank 2010-11, the RBI stance on interest rates was
ZDVDEOHWRPDLQWDLQIRUH[PHUFKDQWWXUQRYHUFORVH hawkish and hence the trading opportunities were
to that of the previous year, due to scaling up of minimal. Therefore, the emphasis was laid on
non-diamond business by 13.79 per cent over improving the interest income. Thus, in the year
previous year. The total turnover comprising FY 2010-11, the Treasury desk earned a trading
PHUFKDQW WXUQRYHU DQG LQWHUEDQN WXUQRYHU RI IRUH[ SURW RI ` 38.82 crore, in spite of falling market
business for FY 2010-11 is ` 38,097 crore. For the prices. Further, it improved the income yield on
previous year i.e. FY 2009-10, this turnover was investments from 6.83 per cent in FY 2009-10
` 50,903 crore. The reduction in total turnover to 7.34 per cent in FY 2010-11, not-withstanding
is on account of lower inter-bank turnover in WKHYRODWLOHOLTXLGLW\FRQGLWLRQV7KHQDQFLDO\HDU
FY 2010-11. The prime reason for this steep drop 2009-10 and 2010-11 tested the mettle of our
was availability of of lower arbitrage opportunities Treasury functionaries, who had to deal with not
due to the shrinking of interest rate differentials RQO\ D GLIFXOW EXW DOVR D GHDQW PDUNHW DQG QG
space to earn revenue by picking up on every
EHWZHHQIRUHLJQH[FKDQJHDQGPRQH\PDUNHW
small opportunity. The tight-rope walking seemed
Your Bank has commenced travel related business
almost like an act of survival.
at three additional branches i.e. Baner Road
Branch and Bibwewadi Branch in Pune and Gadkari Distribution of Third Party Products:
Chowk-Dadar Branch in Mumbai. During the year a) Life Insurance:
2011-12, your Bank plans to designate one branch
Your Bank has a tie-up arrangement for
each in Ahmedabad and in Bengaluru for handling
marketing life insurance products with M/s.
)RUH[ %XVLQHVV :H UROOHG RXW ([SUHVV 0RQH\
HDFC Life Insurance Co. Ltd. for the last seven
and MoneyGram, money transfer services at 191
years. The logged-in premium for the year under
branches during the last year. They are working
review was ` 647.92 lac with 1,296 policies. Your
smoothly and have started picking up business.
Bank has earned a fee income of ` 159.55 lac
Your Bank has now initiated sub agency arrangements
from the activity during the year.
ZLWK :HL]PDQQ )RUH[ /WG IRU :HVWHUQ 8QLRQ
b) Non-Life Insurance:
Money Transfer services, another product to enable
Your Bank has a tie-up arrangement with
Non-Resident Indians to remit funds to their families
M/s. Bajaj Allianz General Insurance Co. Ltd.
in India. Your Bank has also initiated tie-up with
for marketing non-life products such as Fire
TimesofMoney for their Remit2India product, to
Insurance, Burglary Insurance, Motor Insurance,
enable our Non-Resident Indian customers to remit
Marine Insurance, Health Insurance and Travel
funds to their account with us. Both these services
Insurance etc. to our customers. Under the tieDUHH[SHFWHGWREHUROOHGRXWXSRQUHFHLSWRIDSSURYDO
up, your Bank offers specially designed and
from RBI. We are pleased to inform that your Bank
co-branded products with attractive features as
has received the approval from RBI for centralization
follows:
RI)RUH[RSHUDWLRQVDQGWKHVRIWZDUHLVH[SHFWHGWR
be received very soon.
1. Health Insurance: Saraswat Swasthya
Suraksha
SBU-Treasury Operations:
2. House Property Insurance: Saraswat Gruh
As you are aware, Treasury operations primarily
Suraksha
entail adherence of the statutory obligations of
maintenance of Cash Reserve Ratio (CRR) and
Statutory Reserve Ratio (SLR). In recent years, there
48
3.
Shopkeepers Insurance: Saraswat Vyapar

Suraksha
The premium mobilized under the tie-up was

` 710.62 lac and the revenue earned from this
activity was ` 106.45 lac in FY 2010-11.
c)
MRTI and Personal Loan Insurance:

Your Bank has taken Group Insurance
Policies from M/s. TATA AIG Life Insurance
Co. Ltd, to cover housing loans and personal
loans. These products are well accepted by
customers, since it gives protection in case
of any contingencies for the borrower. The
number of cases covered under housing loans
are 3,051 and premium mobilization is of
` 658.42 lac. The number of cases covered under
personal loan are 400 and premium collected is
` 7.89 lac.
d)
Mutual Funds:
Recovery Dept. of your Bank has been able to

recover/reduce the gross NPAs by ` 95.61 crore to
bring down the gross NPA level from last years level
of 3.92 per cent to 3.25 per cent. The recoveries
and provisions helped the Bank to maintain the
Net NPA level at ZERO PER CENT for the seventh
consecutive year.
Movement of NPAs and Provision for the year
2010-2011.
Table No. 14:
GROSS NPAs
As on 31st March, 2010
362.38
Additions during the year
107.64
Reductions during the year

PROVISIONS:
e)
Demat:
NET NPAs
7KH H[LVWLQJ ,62 FHUWLFDWLRQ IRU GHPDW ZDV

upgraded from 9001:2000 to 9001:2008. The
number of demat accounts increased from
88,363 as on 31st March, 2010 to 95,597 as
on 31st March, 2011, showing a net increase
of 7,234 demat accounts. During the year, total
revenue earned was of ` 295.52 lac. Your Bank
gives choice to its customers for opening his/
her demat account either at NSDL or at CDSL,
through its select 172 branches. Total numbers
of accounts under NSDL and CDSL now stand
at 89,024 and 6,573 respectively.
Movement of NPAs:
During the year under Report, when India was
witnessing the tremors of the post-recessionary
environment in the World economy, there was an
addition of ` 107.64 crore to the gross NPAs, which
is a similar addition as compared to last year. With
aggressive recoveries, the NPA Management &
95.61
Your Bank has also tied up with all the leading

Mutual Fund houses to offer mutual fund
products to our customers from all our branches.
During the year 2010-11, your Bank earned an
income of ` 63.74 lac from the said activity by
way of marketing the mutual funds products.
During the year under Report, one more facility

to demat customers was launched by way of
dematting of mutual fund units.
20. OPERATIONAL PERFORMANCE:
(` in crore)
374.41
364.23
Addition during the year
51.76
Reduction during the year
41.52
374.47
0.00
0.00
It is worth mentioning that after the remnant Gross

NPAs of ` 146.11 crore of the seven merged banks
QRZ6%8*DQGKDNRVKDUHH[FOXGHGIURPWKHWRWDO
gross NPAs today of ` 374.41 crore of your Bank,
` 228.30 crore would be gross NPAs of your legacy
Saraswat Bank, which stand at 1.98 per cent of the
total advances of your Bank. They include some
of the stubborn NPAs prior to April 2001. We are
endeavouring to bring your Banks gross NPAs down
to around one per cent by FY 2013-14.
During the year under Report, your Bank, as promised
last year, set up a special task force viz. PROJECT
PHOENIX for aggressive recoveries from the
Written Off Accounts. We are glad to announce
WKDWWKHVDLGWDVNIRUFHLQUVW\HDURILWVRSHUDWLRQ
has recovered ` 7.23 crore, almost double than that
of the last year, from the written-off accounts. The
3URMHFW 3KRHQL[ JURXS RI RIFLDOV KDYH VLQFH WDNHQ
full charge of their responsibility and your Board of
'LUHFWRUV H[SHFW PRUH DJJUHVVLYH UHFRYHULHV IURP
them during the ensuing year.
49
Capital Adequacy Ratio CRAR:

Table No. 15:
Particulars
(` in crore)
31-Mar-11 31-Mar-10
Capital-Tier I
a. Share Capital
102.05
85.44
Statutory Reserve
336.36
305.58
Other Reserves
478.12
436.11
3URWDQG/RVV$FFRXQW
170.03
121.73
b. Reserves and Surplus
Sub-Total (1)
984.51
863.42
1,086.56
948.86
0.00
22.14
/HVV,QWDQJLEOHDVVHWVDQGORVVHV
166.36
163.17
A: Net Total Capital Funds
920.20
807.83
143.51
147.19
General Provisions
51.15
44.76
,QYHVWPHQW)OXFWXDWLRQ5HVHUYH
66.55
56.55
Sub-ordinated debts
240.00
300.00
B: Sub-Total (2)
501.21
548.50
1,421.41
1,356.33
9,827.70
8,632.66
1RQIXQGHG5LVN$VVHWVLL
653.24
636.42
5LVNZHLJKWHGDVVHWVIRUPDUNHWULVNLLL
673.93
0.00
11,154.87
9,269.08
12.74%
14.63%
Gross Total Capital Funds (a+b)

$GG6KDUH&ROOHFWLRQ$FFRXQW
Capital-Tier II
Revaluation Reserve
Total (A+B)
Risk Assets
)XQGHG5LVN$VVHWVL
Total Risk-Weighted Assets (i+ii+iii)

Capital Adequacy Ratio
7KH &DSLWDO $GHTXDF\ 5DWLR IRU WKH \HDU HQGHG

VW0DUFKZDVDWSHUFHQWDVDJDLQVW
14.63 per cent as on 31st March, 2010. The drop in
&5$5ZDVPDLQO\RQDFFRXQWRI
a)
50
Out of ` FURUH /76' VR UDLVHG GXULQJ

)< RQO\ ` FURUH ZHUH DYDLODEOH
IRU &5$5 FRPSXWDWLRQ LQ )< GXH WR
WKHSURJUHVVLYHGLVFRXQWRISHUFHQWRIWKH
/RQJ7HUP 6XERUGLQDWHG 'HSRVLWV /76'
DPRXQW UDLVHG DV UHTXLUHG E\ 5%, /76' LV
D VSHFLDO LQVWUXPHQW PDGH DYDLODEOH E\ 5%,
WRWHPSRUDULO\DXJPHQW7LHU,,FDSLWDO/76'V
DUH UDLVHG ZLWK VSHFLDO FRQGLWLRQV DQG DUH
VKRZQ QRW DV GHSRVLWV EXW DV ERUURZLQJV LQ
WKH%DODQFH6KHHW
E 5%, DW RXU UHTXHVW KDG SHUPLWWHG XV WR UDLVH

IUHVK/76'VDQG31&36XSWRDFHUWDLQDPRXQW
+RZHYHU IUHVK /RQJ7HUP 6XERUGLQDWHG
'HSRVLWV /76' RU 3HUSHWXDO 1RQFXPXODWLYH
3UHIHUHQFH 6KDUHV 31&36 ZHUH QRW LVVXHG
E\ \RXU %DQN GXULQJ )< DV LQWHUHVW
UDWHVKDYHULVHQVXEVWDQWLDOO\ZKLFKZRXOGKDYH
DIIHFWHG WKH ERWWRPOLQH RI \RXU %DQN IRU WKH
IXWXUH\HDUVDVERWKWKHVHLQVWUXPHQWVDUHORQJ
WHUPLQQDWXUH
F 7KH &UHGLW 'HSRVLW &' 5DWLR ZKLFK ZDV
ODJJLQJ DW SHU FHQW LQ )< KDV
risen substantially to 72.86 per cent in the
\HDUXQGHUUHYLHZ7KLVKDVLQFUHDVHGWKHWRWDO
ULVNZHLJKWHG DVVHWV IURP ` 9,269.08 crore to
`FURUHLPSDFWLQJWKH&5$5
Paucity of capital funds: The Sword of Damocles:
,Q ODVW \HDUV $QQXDO 5HSRUW \RXU %RDUG RI
'LUHFWRUV KDYH GHYRWHG DQ HQWLUH SDUDJUDSK
WR WKH FRQVWUDLQWV RI UDLVLQJ FDSLWDO E\ 8UEDQ
&RRSHUDWLYH %DQNV 7KH LPSRVLWLRQ RI ,QFRPH
7D[ E\ *RYHUQPHQW RI ,QGLD RQ SURWV RI 8&%V E\
ZLWKGUDZLQJ WKH EHQHW XQGHU 6HFWLRQ 3 RI WKH
,QFRPH7D[ $FW KDV GLPLQLVKHG FDSDFLW\ RI
8UEDQ &RRSHUDWLYH %DQNV WR FRQWULEXWH WR WKHLU
7LHU,FDSLWDO(DUOLHU8&%VFRXOGSORXJKEDFNPXFK
RI WKHLU SURWV WR FDSLWDO IXQGV ZKLFK LV QRZ QRW
SRVVLEOHEHFDXVHQHDUO\RQHWKLUGRIWKHSURWVDUH
WDNHQDZD\E\ZD\RI,QFRPH7D[7KHUHVXOWLVWKH
ZHDNHQLQJRIWKHFDSLWDOEDVHZKLFKLQWXUQZHDNHQV
WKHZKROHEDQN,QVSLWHRISHUVLVWHQWIROORZXSWKH
UHJXODWRU\ DXWKRULWLHV DV ZHOO DV WKH FRQFHUQHG
0LQLVWU\DWWKH&HQWUHKDYHQRWFRPHRXWZLWKDQ\
FRQFUHWH VWHSV IRU DXJPHQWLQJ WKH 7LHU, &DSLWDO RI
8UEDQ&RRSHUDWLYH%DQNV$JURZLQJ%DQNUHTXLUHV
JURZWKFDSLWDO7KLVSDXFLW\RIJURZWKFDSLWDOKDVWKXV
EHFRPH D PDMRU LPSHGLPHQW LQ WKH JURZWK SDWK RI
\RXU%DQN:HDNFDSLWDODOVRGHVWDELOLVHVWKH%DQN
:H KDYH SURSRVHG WR WKH DXWKRULWLHV DV DQ LQWHULP
PHDVXUH WKDW UDWKHU WKDQ 8&%V KDYLQJ WR VHOO WKHLU
share at ` ZKLFK LV LWV IDFH YDOXH WKH\ VKRXOG
EH DOORZHG WR VHOO DQG UHGHHP ZKHQ QHFHVVDU\
WKHVKDUHVVRVROGDWWKHERRNYDOXHRIWKHVKDUHV
VR WKDW ZH JHW D WHPSRUDU\ UHSULHYH RQ WKH FDSLWDO
DXJPHQWDWLRQ IURQW SHQGLQJ FRQVLGHUDWLRQ RI RXU
GHPDQGWRUHVWRUHH[HPSWLRQXQGHU6HFWLRQ3
21. APPROPRIATIONS:
Table No. 16:
Transfer to Reserve Fund (25%)
Contingency Reserve (10%)
Provision for payment of
contribution to Education Fund of
N.C.U.I (1%)
Proposed Dividend @ 20%
3URYLVLRQIRU([JUDWLDSD\PHQWWR
employees (20%)
Building Fund
Members Welfare Fund
Provision for Staff Welfare
Provision for Public Charitable &
Co-operative Purposes
Investment Fluctuation Reserve
Special Reserve
General Reserve
Balance to be carried forward to
WKHQH[W\HDU
Total
(` in lac)
2010-2011
5,306.68
2,122.67
212.27
2009-2010
2,991.86
1,196.74
119.67
1,847.16
1,924.96
1,590.62
1,631.10
0.00
50.00
10.00
212.27
0.00
50.00
10.00
50.00
500.00
1,500.00
7,500.00
73.98
1,000.00
1,000.00
2,500.00
33.27
21,259.99
12,173.26
Dividend:
Your Board of Directors is pleased to recommend
a dividend of 20 per cent for the year ended
31st March, 2011.
Members Welfare Fund:
Your Board of Directors recommends a contribution
of ` 50 lac towards this Fund. The total amount in the
Fund after this accretion will be ` 648.50 lac. During
the year, 1,136 members availed of the medical
reimbursement and medical check-up facilities. Limit
of reimbursement has been enhanced from ` 3,000/to ` 5,000/- this year. Special Medical Assistance
Scheme has also been introduced during the period
XQGHU 5HSRUW XQGHU ZKLFK PHGLFDO H[SHQVHV XSWR
PD[LPXP RI ` 20,000/- are reimbursed to the
Members above the age of seventy years once in a
lifetime, towards certain select ailments.
Fifty awards were granted to meritorious children of
the members.
Provision for Public Charitable and Co-operative
Purposes:
Your Board recommends an appropriation of one
SHU FHQW RI WKH QHW SURW ZKLFK LV SHUPLWWHG XQGHU
RBI Circular No. UBD. (PCB)./BPD/Cir 43 dated
11th April, 2005 for public, charitable and
co-operative purposes.
Special Reserve:
In accordance with Section 36(1) (VIII) of the
,QFRPH 7D[ $FW 8UEDQ &RRSHUDWLYH %DQNV
DUH HOLJLEOH IRU D GHGXFWLRQ LQ UHVSHFW RI SURWV

HDUQHG IURP HOLJLEOH EXVLQHVVHV HJ SURWV HDUQHG
from loans and advances granted to industries,
infrastructure, agriculture and housing. Twenty per
FHQWRIVXFKSURWVWUDQVIHUUHGWRD6SHFLDO5HVHUYH
ZLOO EH HOLJLEOH IRU GHGXFWLRQ IURP WD[DEOH LQFRPH
Your Board, therefore, recommends an amount of
` ODF IURP WKH SURWV DFFUXHG IURP WKH VDLG
eligible business, towards Special Reserve.
Appropriation of 20 per cent Ex-gratia payment
to employees:
The Banks Bye-law No. 64(O) states as follows: The
powers of the Board of Directors shall be to decide
WKH SD\PHQW RI H[JUDWLD WR WKH HPSOR\HHV DQG
VWLSXODWLRQV FRQGLWLRQV DQG TXDQWLFDWLRQ WKHUHRI
from time to time. In pursuance of the said Bye-law,
your Board of Directors propose that the 20 per cent
H[JUDWLD SD\PHQW SURSRVHG LQ WKH DSSURSULDWLRQV
DERYH VKDOO QRW EH H[WHQGHG WR WKRVH HPSOR\HHV
who have earned average and/or satisfactory
report in their Annual Appraisal for the year ending
31st March, 2011. This measure is intended to
ensure that all employees work sincerely and all
those employees who work sincerely only will receive
WKHH[JUDWLDEHQHWLIDQGZKHQGHFLGHG
22. AMENDMENT TO BANKS BYE-LAWS:
(1) Amendment to Bye-law No. 4: Shifting of
5HJLVWHUHG2IFHRIWKH%DQN
Since inception in the year 1918, the Registered
2IFH RI WKH %DQN LV ORFDWHG DW 0DGKXNRVK
S. V. Sovani Path, Girgaum, Mumbai 400 004.
7KH2IFHRIWKH&KDLUPDQ0DQDJLQJ'LUHFWRU
the Board Room and most of the departments
including Secretarial and all other important
departments have been shifted to the Banks
new building Saraswat Bank Bhavan at
953, Appasaheb Marathe Marg, Prabhadevi,
Mumbai 400 025. Hence, it is proposed
that the new address of Corporate Center be
LQFRUSRUDWHGDVDGGUHVVRIWKH5HJLVWHUHG2IFH
in pursuance under Rule 8 of the Multi-State
&RRSHUDWLYH6RFLHWLHV5XOHV7KHWH[WRI
amendment of Bye-law No. 4 will be circulated
in the Annual General Meeting.
(2) Amendment to Bye-law No. 7: Increase in
Authorized Capital to ` 1,000 crore Current Capital Adequacy of the Bank is of the
order of 12.74 per cent. It has fragile Tier-II
51
elements in it such as Revaluation Reserve and

LTSD. International Financial chorus on Capital
Adequacy voices the requirement of a minimum
of 9 per cent to 10 per cent of Tier-I Capital. RBI
may therefore increasingly demand higher Tier-I
capital for Banks in India. The Banks business
(deposits & advances) has been growing at a
rapid pace. It has reached ` 27,312.95 crore
as on 31st March, 2011. The Bank has decided
WRJHQHUDWHDEXVLQHVVPL[RI` 50,000/- crore
E\VW0DUFK([SHULHQWLDOO\RIWKHVDLG
EXVLQHVV WKH DGYDQFHV DUH H[SHFWHG WR EH
around ` 20,000 crore. Hence, commensurate
capital is required for supporting the same. To
operate comfortably and meet the increasing
capital adequacy required, a minimum own
funds of ` 2,500 crore will be needed by
31st March, 2016.
In order to maintain a healthy CRAR of at least
12 per cent on this enhanced business as also
to have adequate Tier-I capital, it is suggested
to increase the authorized capital from
` 300 crore (30,00,00,000 shares of ` 10/- each)
to ` 1,000 crore (100,00,00,000 shares of ` 10/HDFK7KHWH[WRIDPHQGPHQWRI%\HODZ1R
will be circulated in the Annual General Meeting.
23. PENSIONERS OF THE BANK:
The Board of Directors, as a token of gratitude
towards pensioners of the Bank, have decided
to make a contribution to their Pension Fund from
DSSURSULDWLRQV LQ HYHU\ QDQFLDO \HDU LQ ZKLFK 1HW
3URW RI WKH %DQN H[FHHGV ` 200 crore. This year
also, your Board of Directors has decided to make
a provision of ` 3,00,00,000/- (Rupees Three crore)
towards the Employees Pension Fund, to strengthen
the corpus of the Pension Fund. With this contribution,
total corpus would stand enhanced to ` 33.80 crore
(Rupees Thirty-three crore eighty lacs only). There
is a need to augment this corpus substantially so
that your Bank is in a position to consider a scheme
for paying a good pension to your pensioners, who
retire after rendering full service to your Bank.
24. CORPORATE SOCIAL RESPONSIBILITY:
Corporate Social Responsibility (CSR) has
acquired new dimensions in recent years. Today,
organizations are proactively taking up this goodhearted investment and giving a social value to all
their business endeavours.
52
Few of the CSR activities undertaken during the year

are as below:
z
Your Bank (Goa Zone) tied up with the Red

Cross Society, Ratnagiri and jointly organized
a Blood Donation drive as a part of its CSR
activities. The drive received an overwhelming
response, with the local police personnel also
participating in the blood donation.
In order to enable the policemen in the

Sindhudurg District to buy certain domestic
items and thereby assist in improvement of the
standard of living of the policemen, your Bank
H[WHQGHGLQQRYDWLYHORDQVFKHPHVWRSROLFHPHQ
in the Sindhudurg District.
Under the Aapatti Nivaran Yojana, your Bank

H[WHQGHG HPHUJHQF\ ORDQV DW DIIRUGDEOH UDWHV
of interest to individuals who had suffered
devastation of their property during the last
monsoon in the Konkan area.
Your Bank has always given due importance to social
ZHOIDUHDQGH[WHQGHGVSRQVRUVKLSVIRUSURJUDPPHV
for many causes and institutions of society. Your Bank
DOVRH[WHQGVVXSSRUWWRVRFLDOFXOWXUDOHGXFDWLRQDO
institutes by donation/sponsorship for furtherance
of various laudable causes, which result in great
bonding among citizens and also amelioration of
poorer segments of the community.
Ideal Shareholder:
Your Banks shareholders have a lions share in the
progress of your Bank. To acknowledge and honour
the shareholders contribution in a representative
way, your Bank felicitates one shareholder every
year as an Ideal Shareholder. This year, the Ideal
Shareholder honour was bestowed upon Smt.
Anuradha (Anutai) Yashwant Kittur of Belgaum.
Smt. Anutai is an eminent social worker and has
DOVRGHYRWHGKHUOLIHWLPHWRWKHHGXFDWLRQHOG6KH
KDV GRQH QRWDEOH ZRUN LQ WKH HOG RI OLWHUDWXUH DQG
freelance journalism also. Smt. Kittur was associated
for many years with our Belgaum Branch Advisory
Committee and in that capacity, she has made
laudable contribution for the popularization of your
Bank in and around Belgaum. Today, at past the age
of 93, a lively Smt. Anutai epitomises how a good
life lived well can add to beauty and nobility of a
SHUVRQ LQ ULSH ROG DJH DQG VHWV D ZRUWK\ H[DPSOH
to all senior citizens. The Ideal Shareholder honour
was conferred on Smt. Anutai Kittur at the huge
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the Konkan region, with a branch network of

VL[WHHQ EUDQFKHV FRYHULQJ WKH HQWLUH .RQNDQ
belt from Panvel to Sawantwadi. We have two
branches each in Panvel and in Kankavali and
a branch each at Pen, Alibaug, Mahad, Chiplun,
Ratnagiri, Lanja, Rajapur, Vaibhavwadi, Malvan,
Kudal, Vengurla and Sawantwadi. Your Bank
KDVDSODQWRKDYHDWRWDORIWZHQW\YHEUDQFKHV
in Konkan area.
post-inaugural function of your Corporate Center

held at Ravindra Natya Mandir, Prabhadevi, Mumbai,
on 19th September, 2010.
25. OTHER DEVELOPMENTS:
a)
Participation in Global Maharashtra & Trade

Conference:
In todays highly competitive business
environment, Marketing has become the thrust
area. In pursuit of this, organizations constantly
endeavour to implement newer ideas to enhance
their market share.
This year, your Bank had the privilege of being

one of the major sponsors for the Global
Konkan Festival. The Global Konkan Festival, a
gala event to promote the Konkan region, was
organized by the Konkan Bhoomi Pratishthan.
The Global Konkan Festival was inaugurated on
24th February, 2011 at the hands of the Honble
Chief Minister of Maharashtra. The valedictory
session was presided over by the Dy. Chief
Minister of Maharashtra. The event was organized
ZLWKWKHYLHZWRJLYHJOREDOH[SRVXUHWRWKHULFKDQG
ancient culture of the Konkan region, to promote
Konkan as an ideal destination for eco-tourism, to
promote investment in the Konkan region and to
give impetus to sustainable development of the
entire Konkan region.
One such initiative of your Bank during the year

was its participation in the Global Maharashtra
Conference and Trade Fair organized at
Aurangabad by the Maharashtra Chamber of
Commerce, Industries and Agriculture from
5th to 9th January, 2011. The prestigious
event was inaugurated at the hands of the
Honble Chief Minister of Maharashtra, in
the presence of a host of other dignitaries.
The Trade Fair included participation by the
Chamber of Commerce in Korea, Indo-Brazil
Chamber of Commerce, Federation of Indian
([SRUWV $VVRFLDWLRQ &DQDGD,QGLD %XVLQHVV
Council, US Commercial Services and a
host of companies from various countries
viz. Australia, Japan, Tanzania, Thailand and
others. More than 400 companies from various
sectors like machinery, trading, services had
H[KLELWHG WKHLU SURGXFWV DQG VHUYLFHV <RXU
%DQNKDGSXWXSDQH[SDQVLYHVWDOOLQWKHVDLG
7UDGH)DLUZLWKDYLHZWRH[KLELWRXUSURGXFWV
and promote our brand to the multitude of
domestic and international visitors belonging
to business community.
For the GLOBAL KONKAN Festival, various

industrialists from the Konkan region gathered
under one roof and set up stalls to display their
products and services. Your Bank also set up its
stall to create awareness about its various loan
schemes and products. The loan schemes were
largely aimed at the youth in the Konkan region
and to assist them to set up their own businesssmall or medium. Our stall was inaugurated
at the hands of the Honble Chief Minister of
Maharashtra. Several thousand visitors and
numerous dignitaries visited our stall and
enquired about our services. The event was
FRYHUHGH[WHQVLYHO\E\WKHHOHFWURQLFDQGSULQW
media and received its fair share of publicity.
Your Bank is proud to state here that the Bank

UHFHLYHGWKHUVWSUL]HIRUWKHVWDOOLQWKH*OREDO
Maharashtra Conference and Trade Fair in the
Banking & Finance category.
b)
Global Konkan Festival:

Your Bank originated in thought in a part of the
then Ratnagiri District, which is now known
as the Sindhudurg District and the Bank was
ODWHU HVWDEOLVKHG LQ 0XPEDL LQ UVW DV D
co-operative Banking society. Your Bank thus
has a special attachment to the Konkan region.
We have already established our presence in
<RXU %DQN LV FRQGHQW DERXW WKH SURJUHVV RI

the Konkan region in the coming years and
DERXW RXU UROH DV D EDQNHU WR QDQFH YDULRXV
projects in this region. Thus, your Bank aspires
to emerge as the premier banker to the entire
.RQNDQ 5HJLRQ IXOOOLQJ WKH QHHGV RI DOO
cross-sections of the society in that geography,
which is the mother of your Bank.
53
26. CORPORATE GOVERNANCE:

Composition of your Banks Board:
The composition of the Board is governed by the
Multi-State Co-operative Societies Act, 2002 and the
bye-laws of the Bank. As on 31st March, 2011, there
are thirteen Directors on your Board in addition to
the Managing Director. The Board includes eminent
SHUVRQVZLWKSURIHVVLRQDOH[SHUWLVHDQGH[SHULHQFH
LQ%DQNLQJ)LQDQFHDQGRWKHUHOGV$VDJDLQVWWKH
stipulation of RBI of having at least one Chartered
Accountant and one banker on the Board of Urban
Co-operative Banks, your Bank has four Chartered
Accountants and two bankers as its Directors. During
the period under Report, thirty Board meetings were
held.
Changes in the Board:
Long-time Director of your Bank and former Chairman
6KUL5DYLQGUD.3DWNDUH[SLUHGRQQG-XO\
after a brief illness. This caused a vacancy in the
Board. Earlier, Dr. (Mrs.) Anuradha Samant had been
invited and co-opted by your Board of Directors as
a woman Director on the Board in a supernumerary
capacity under Bye-law No. 54. After the demise of
Shri Patkar therefore, a regular vacancy was caused
and it was allotted to Dr. (Mrs.) Anuradha Samant.
Another Director of your Board, an economist and
well-known writer Dr. Subhash V. Bhende suddenly
H[SLUHG RQ WK 'HFHPEHU <RXU %RDUG RI
'LUHFWRUV GLG QRW OO WKH YDFDQF\ VR FDXVHG RQ
the Board by co-option, as elections to the Board
of Directors were falling due shortly. Your Board
of Directors recalls with gratitude the valuable
contributions made to the deliberations of the Board
and working of the Bank by both these veteran
Directors and we deeply mourn the irreparable loss.
Their memories will be fondly and gratefully recalled
by your Board of Directors and by all those who are
associated with your Bank.
Loans to Directors:
No Director has borrowed any monies from your
Bank. This has been a healthy tradition in your Bank
and has been enshrined in Bye-law No. 55 many
years ago.
Working of Committees of the Board:
The Board has constituted Committees, which
include Directors and higher management, to make
informed decisions in the best interests of the Bank.
During the year, three Committees of the Board were
54
in place viz. Audit and NPA Management Committee,

7KH([HFXWLYHDQG+5'&RPPLWWHHDQG7KH0HUJHU
Committee.
The various committees and their scope is as follows:
Audit and NPA Management Committee:
The Committee provides direction, oversees the total
audit function of the Bank, follows up on the statutory
H[WHUQDOFRQFXUUHQWDXGLWRIWKH%DQNDQGHQVXUHV
strict adherence of RBIs guidelines and directives
from time to time. It also deliberates on the progress
of the recoveries of overdues and NPAs, sanctions
OTS, approves reserve price and decides on issuing
of securitization notices and orders possessions
RI SURSHUWLHV FKDUJHG WR WKH %DQN WR H[SHGLWH
recoveries. Thirteen meetings of the Committee
were held during the year.
Executive and HRD Committee:
7KH ([HFXWLYH DQG +5' &RPPLWWHH ORRNV LQWR
macro level HR and training issues, formulation
and implementation of action plan for sustaining/
improving the quality of the Banks human resources
and welfare measures for employees at all levels. The
([HFXWLYH DQG +5' &RPPLWWHH WDNHV GHFLVLRQV RQ
DOO RSHUDWLRQDO PDWWHUV H[FHSWLQJ VDQFWLRQ RI ORDQV
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RISUHPLVHVRQSXUFKDVHRUOHDVHIRUEUDQFKHVRIFHV
DSSURYHV H[SHQGLWXUHV DQG FRVWV LQ UHODWLRQ WKHUHWR
and also considers any matter which requires urgent
consideration. During the year under review, seven
meetings of the Committee were held.
Merger Committee:
The Merger Committee has been constituted to
take appropriate decisions on probable mergers
of weaker / loss-making co-operative banks as
also to oversee the affairs and provide directions
to Gandhakosh, an SBU formed by combining
the erstwhile seven merged banks, and also to its
different zones which are created to look after the
business of the erstwhile merged banks. During
the year under review, four meetings of the Merger
Committee were held. All business decisions relating
to SBU-Gandhakosh not falling within the ambit of
DQ\RWKHUVSHFLF&RPPLWWHHRIWKH%RDUGH[FHSWLQJ
sanctions of loans and advances, are taken by the
Merger Committee of the Board.
27. MEMBERSHIP:
PHPEHUVRI\RXU%DQNKROGIW\DQGDERYH
fully paid shares. The number of nominal members
of the Bank stood at 5,26,331.
28. APPOINTMENT OF STATUTORY AUDITORS:

Your Board of Directors recommends the appointment
of M/s Kulkarni & Khanolkar, Chartered Accountants as
the Statutory Auditors of the Bank for the FY 2011-12.
29. DISCLOSURES:
As per the disclosure norms stipulated by the RBI,
we hereby declare that insurance premium to DICGC
has been paid upto 31st March, 2011 and there are
no arrears payable to DICGC.
30. STATUS OF PROPOSED WHOLLY-OWNED
SUBSIDIARIES:
Your Bank already wholly owns one subsidiary
The Saraswat Infotech Ltd. In the Annual Report
2005-06 and 2006-07, we had made resolutions
seeking permission from RBI for establishment of
three more wholly-owned subsidiaries viz. (1) MicroFinance, (2) Asset Reconstruction and (3) Marketing.
Your Bank has received clearance to create Asset
Reconstruction and Marketing subsidiary from the
Central Registrar, Co-operative Societies, New
Delhi. The said proposals were forwarded to RBI for
their permission. We are pursuing vigorously with
RBI to obtain their clearance.
31. SARASWAT INFOTECH LIMITED (SIL):
SIL, the wholly-owned subsidiary of your Bank
FRPSOHWHG LWV IWK QDQFLDO \HDU RQ VW 0DUFK
2011. During this year also, SIL continued to provide
IT infrastructure and services to your Bank. Also,
it has successfully sourced business from other
Co-operative Banks. The Swiftcore software which
SIL owns is being increasingly accepted by banks
in the co-operative sector. We have also signed
a Memorandum of Understanding (MOU) with
Reliance Telecommunications Ltd. with a view to
augment sales of our software and services. We
enclose herewith Report of the Board of Directors
RIWKH&RPSDQ\DORQJZLWK$XGLWHG3URWDQG/RVV
Account for the period ended 31st March, 2011 and
Balance Sheet as on 31st March, 2011.
32. OBITUARY:
We regret to record that during the year, some of the
'LUHFWRUVVKDUHKROGHUVHPSOR\HHVDQGH[HPSOR\HHV
of your Bank passed away. The Board gratefully recalls
their valuable contribution to the Bank and deeply
condoles their demise.
$Q HPLQHQW VRFLDO ZRUNHU RXU ([&KDLUPDQ DQG
Senior Director, Shri Ravindra Patkar passed away
on 22nd July, 2010. Sou. Nila N. Warerkar, wife of

Shri Nilkant R. Warerkar, former Chairman of the
Bank and presently Advisor to the Board, passed
away on 7th July, 2010. Dr. Subhash V. Bhende,
Director of the Bank left for his heavenly abode on
20th December, 2010. Smt. Shakuntala M. Mondkar,
wife of Shri Murlidhar Mondkar, former Director of the
Bank, passed away on 28th April, 2011. The Board
of Directors offers its deepest condolences to the
families of the bereaved.
We pray that all the departed souls may rest in peace
and may the Almighty God grant fortitude and strength
to their family members to bear the irreparable loss
of their dear ones.
33. GRATITUDE:
Your Board wishes to place on record the appreciation
of the support which the Board of Directors and the
Bank has received from all our shareholders and
other stakeholders and thanks them profusely for the
FRQGHQFH DQG WUXVW WKDW WKH\ KDYH UHSRVHG LQ XV
and the Bank.
We would also like to place on record our deep
sense of gratitude to the authorities of the Reserve
%DQN RI ,QGLD WKH RIFH RI WKH &HQWUDO 5HJLVWUDU RI
&RRSHUDWLYH6RFLHWLHV1HZ'HOKLWKHRIFHRIWKH
Commissioner for Co-operation and Registrar of
Co-operative Societies, Maharashtra State, Pune for
their valuable guidance, support and co-operation.
The Board is also grateful to the Registrars of
Co-operative Societies of the States of Madhya
Pradesh, Karnataka, Goa, Gujarat and Delhi.
The Board of Directors places on record its
appreciation to all sections of employees for their
loyalty, dedication and for their wholehearted
involvement in achieving the goals and Missions of
WKH%DQNLQFOXGLQJRISURYLGLQJH[FHOOHQWVHUYLFHWR
all our customers.
Your Board wishes to assure all shareholders that we
will continue to strive towards attaining new heights
WKURXJKFRQWLQXHGFRPPLWPHQWWRDFKLHYHDQGH[FHO
the ambitious organizational goals that we have set
in the form of Dr. Adarkar Missions.
For and on behalf of the Board
Ekanath Keshav Thakur
Chairman
Mumbai, 30th April, 2011
55
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kesueer nesleer. mejuesuee DeeefLe&ke Je<ee&le yeBkeebveer Geesie#es$eeee
-HH^XHVXHH FHHLH&HHUYHJPHHM NHSH KHJM-HH -HH^HI-H&HH-HM <HM
HIRXHHKHMEOHJ OHHHFHH&HHOH\H%NHHEHHV-HHU -HH^XHHYHHQHUOH
HHHHUH KHHIM&HOHHU FQ&HWYH \HHSHHMHOHHUXH OHMXHOHH (Liquidity)
ner Kethee keceer jeefnueer. Yeejleere efjPeJn& yeBkesves jshees
megefJeOesejs peJeUheeme Ske ueeKe keeser heeebhes#ee peemle
MNHNHFHOHMXHOHHPHJHIP/HOHHUOHMHQ&HHPHHHU\HHSHHMHOH'HH&HXHHU
ee heee&YetceerJej Yeejleere efjPeJn& yeBkesves Je<e& 2010-11
FH2HVNH>NHKHOH2HHVM&HP-HHUNHHMHHXHHPHJ{-HHOHNHVXHHUHIM3H-Q
yeBkesves jshees Je efjJnme& jshees ojeleerue meeleJesUe kesuesuee
-HH^HUFHJ8V \H%NHHEYHHUQHU 'HHKHXHHV-HH5HHRMHEFH2HV -HH^NHVXHHU
<HHMOHHUHHIM3H-Q \H%NH-HPHMNHHMYHV-HV8HV-HV8HU,HVOHXHVXHHNHHVM
HIYH&H HHEFHJ8V HVOHHNHH8HOH<HHMOHHUH'H/H -H-HP/HVHH-HHUHH
RM LHVXHH -HHH HH OHJXHYHVOH 6NH s-HNHHHYHV NHFHHU QHV&HHHHU
0HNHHOHH'HHQV<HHMOHHUH'H/H -H-HP/HVHHFHSH\HWOHKHHHHOHPHVH
*OKHHRYHHEYHH'HPH&HHMHUHHE>FHHLH&HHUQV'H/H -H-HP/HHLHHIOHFHHYH
NHMOHHUXHKHMEOHJHHOH'H>PHMQHFHQHLHH) HH'HPHVXHNHHH
OHVXHHEHH-HH^&HH1HHHINHFHOHHUQHUFHQHLHH) HH'HHNH>H+HJLH-HOHHUXH
HH KHHH <HWFHHU-HM <HHMOHHUH HIM3H-Q \H%NHQHU NH>NH KHOH2HHVM&H
P-HHUNHHMHUXH HHOH 0HENHHH YHHQHU HHHH KHHIM&HHFH NHSHH HH
FHHLH&HHU-HMQHV70HNHVXHOHHOHXHHOHHOHPHFHH2HHYHHHHU \HH\H
FQ&HSHV <HHMOHHUHQ-HHFHHYH.HHOHHYHV -HH PHHHU
Jele&Jeuesuee eebieuee heeJemeeee Deboepe. leeee Heeeoe Mesleer
*OKHHRYHHEYHHQHV7YHFHQHLHH) -HM/HHV>V+HHMHIYHHEH&HHV70HNHVXH
efJeeere let :
57
KHMEOHJ 'HHEOHMMHAHUH \HHSHHMKHVVOHHUXH OHVXHHHH OHPHVH HI-HHI-H2H

vewmeefie&&ke Glheeoves (Commodities) Je Keefvepe Glheeoveeee
HINHFHOHHU HHFHJ8V HH-HHHDHV FHQHLHH) HV HIHH HIYHRHYH HI>PH:\HM
KHHOHLHVXHH-HHH HHOHJXHYHVOH'HHI2HNHNHHU&HSHH) XH
6NHW&HH 'H/H -H-HP/HVOH 'HH-H0HNH 'HPHXHVXHHU MHAHUH
*OKHYYHHOHHUXH-HH^-HHXHYH+HJLH-HsvHH-HMHIYHHEH&HNH{YHOHH
FHH2HFHHOHWYH FHQHLHH) -HM HIYHHEH&H HH RHVYH HH2HHYHtHFHHOHWYH
<HHMOHHUH HIM3H-Q \H%NHVXHH -HHsHHXH NHMH-HHU XHHLH&HHM 'HHQV
'H/HH OHHHIM3H-Q \H%NHFHQHLHH) HIYHHEH&HHXHHHH2HHYHtHFHRV) XH
ns efveefele.
Yeejleere efjPeJn& yeBkesves eespeuesuee Gheeeeespevee :
<HHMOHHUH HIM3H-Q \H%NHVYHV \H%H(NHLH 'HHHI&H 'HHHI/H NH HVHHEOHHUXH
PHJ2HHM&HHEPHHHUPHOHOHNH>NH2HHVM&HVMH\HHI-HXHHULHVXHH'HHHI/H NH
-HHH OH<HHMOHHUHHIM3H-Q \H%NHVYHV'HHHI/H NHHVHHPHHHUNHHQHUHVPH
Gheeeeespevee kesuee.
FHERHUHH NHH8HOH P-HHUNHHMXHVXHH FH-HH8 KHOH2HHVM&HH-H{YH
iesuee DeeefLe&ke Je<ee&ee megJeeleerheemetvee Yeejleere efjPeJn&
\H%NHVYHV NH>NH 2HHVM&H MH\HHI-H&HHPH PHJ-HHOH NHVXHHU -HVLHHYHV
-HH^&HHMHU FHQHLHH) MHV.H&HHPHHHUHQV KHH7XH*HXHXHV LHVXHV
LHVXHH-HHH OHOH\\HXHPHHOH-HV8HsKKHHsKKHHYHV-HH^NH{YHMVKHHV
oj 175 Debkeebveer Jee{tve 5.00-H{YH Jej iesuee
lej efjJnme& jshees oj 225 Debkeebveer Jee{tve 3.50 -H{YH
5.75-HMKHHVQHVHXHHMHV.HMH.HHU-HOHHHFHH&HPHHU'HHM'HHM
100 Debkeebveer Jee{tve 5.00-H{YH Jej heesneseuee.
yeepeejeleerue lejuelee (Liquidity) HIP/HM MHQ&HHNHHIMOHH
0HV>vHJX> NHFHH_0HHXH \H%NHHENHHIMOHH -HZ2HHHIYHNH OHMXHOHH HFHH&H
(SLR) ee ojelener 1.00YHHU ,HsNH{YHOHHV
-HM 'HH&H&HHOH 'HHXHH OHPHVH \H%NHHENH>V 'HPHXHVXHV 'HHIOHHIMH
PHMNHHMHU NHSH MHV.HV .HJXHH \HHSHHM HI-HtHHU 'HEOHLH OH .HMVRHU
NHM&HHOH 'HHXHV -H HIR-HPHHOHWYH RHVYHRH HIM3H-Q \H%NH 'HH#+H
)EHI>HHYHV \H%NHHEYHH OHHEHHU OHMXHOHH (Liquidity) MH.H&HHHHU
PHE2HHU*KHXH\2HNH{YHHIRXHHU
'HHQVSHV&HVNH{YH.HHHHYYHHHHUFHQHLHH) MHV.H&HHPHHIYHHI~HOHH
FHROH QHV) XH HI-HHIHH OHWs HH -H{YH
`HKHHOHMHV.H&HHPHHHUHIYHHI~HOHHHHOYH
NHMH-HV XHHLHOHHUXH KHMEOHJ -HHÔHH FHQHLHH) FHJ8V -H HXHYH-HH^
MHV.HXHHFHJ8V 6NHW&H 'H/H -H-HP/HV-HM OHH&H KH>VXH KHHIM&HHFHHU
QV'HHHI/H NH-HH PHJH)OHNHVH.H>OHM
SHH&HHHHU 0HNHHOHH 'HHQV ^HV\H8 *OKHHRYH-HH^HUHH RM QH
7.5 les 8 jeefnuee, lejer lee heefjefmLeleerlemege Deeheuee
RV0HHNH>V 'HPHXHVXHH*HHVLHHU 'HHHI&HNHH8W XHHVNHHEFHJ8V OHPHVH
*ONHs\H%H(NHLH-H-HP/HHMHAHUH\HHOHHUHV HHELHXHV HFHH&H-H
<HHMOHHOHHUXH'HHKHXHHU'HEOHLH OHPHHFH\HHSHHMKHVHHFHJ8V'HHKHXHH
osMeees YeefJeleJe efveefelee GppJeue Deens.
2. Yeejleeleerue yeBefkebie #es$eeleerue cenJeeee Ie[ecees[er :
SHJXHZ KHHPHWYHNHFHH_0H'HXH-HHHI&HSH\H%NHHENHHIMOHH
HTM3H-Q \H%NHVYHV HH) FH XH:H(>LH MVs 6V-HSHHU k\HVPH MVsl QHU
PHENHXKHYHH'HHIPOHO-HHOH'HH&HXHHU -H'HHOHHOHHV RM\H%H(NHLH
KHOHKHJM-HH-H-HP/HVOHCHFHHHI&HOHRM
FQ&HWYHHIP/HMP/HH-HM
Peeuee Deens.
\H%NHHE-HMNHHQHU\HE2HYHV,HHXH&HHOH'HHXHHU
1. kee@heexjs kepe&jesKeebceOeerue jshees JeJenejeyeeyele
HIYHHEH&HV-H&HH1HHPHEP/HHEYHHFHHHIQOHHUKHJMHI-H&HVV
2. meef&efHekes Dee@He ef[hee@efPe Je kecee|MeDeue
KHVKHMFH2HHUXH-H-HQHMHHEHHU kHI+HFH>HlXHHFHHHIQOHHU
RV&HV
3. Smed.peer.Sued. Keeleele efMeuueke vemeleevee jesKeebeer
HI-HtHHUNHVXHHUOHM\H%NHHEYHH'HHHI/H NHRE>'HHNHHM&HV
<HHMOHHUHHIM3H-Q \H%NHVYHVHH2HHYHtHFHHYHVRV&HHOHHV&HH1HH
kepeeee (Priority Sector Lending) meteerle eeefole
keener kepeeeer Jeie&Jeejer Jee{efJeueer.
HHFHHU&H \H%NHHEPHHHU YH-HHUYH 0HH.HHENHHIMOHH KHM-HHYHV

RV&HHPHE\HE2HHUHHHIYH\H2HHEOHHI0HHI/HXHOHH'HH&HXHHULHVXHHU
YeefJe<eeleerue Yeejleere DeLe&JeJemLee :
tHVHI>sNHH> -H-HQHMHE-HMNH>NHHIYH\H2H,HHXH&HHOH'HHXHV
ee DeeefLe&ke Je<ee&le nJeeceeve Keeleeves eebieuee heeJemeeee tHVHI>s NHH> HHQNHHEYHH SHHRH PHV-HHNHM XHH-HXHHPH
Deboepe Jele&efJeueecegUs Mesleer Glheeoveele eebieueer Jee{ Dehesef#ele
\H%NHHEYHHRE>'HHNHHM&HHOHHV) XH'HPHVSHHQHUMNHVXHV
58

Yeejleere efjPeJn& yeBkesves mesyeeres ceepeer DeOe#e eer. Sced. PHJ^ 'HHHI&H *HFH -H-HP/HHKHYH 'HPHXHVXHH YHHLHMHU
RHFHHVRMYHHHEHH'H2HHOHV.HHXHHU'HHEOHMMHAHUHHI-HHHUH
menkeejer yeBkeebvee leebee MeeKeebee keee&#es$eeyeensj
PHHRMHUNHM&HH&HHXHHU (IFRS) NHHHH HIY-HOHNHM&HHPHHHU
SerSce (ATM) *,H>&HHPH <HHMOHHUH HIM3H-Q \H%NHVYHV
Ske meefceleer efveege kesueer.
hejJeeveieer efoueer.
PHMNHHMHU NHSH MHV.HHEFH2HHUXH -H-HQHMHEPHHHU <HHMOHHUH
\HHE2HNHHFHHVHHXHHNHSH KHJM-HvHHPHHHUYH-HHUYHFHHLH R0H NH
efjPeJn& yeBkesves Keeueerue heeJeues Geueueer:
OH-HV'HH.HWYHRV&HHOH'HHXHHU
p PHMNHHMHU MHV.HHE-HMHUXH HIFH8&HH1HH -HHSHHHV

veeiejer menkeejer yeBkeebke[tve kepex Je kepe&oejebeJf e<eeer
KHJYHLH YH NH{YH OHHFH2HV -H-HQHM NHM&HHPHHHU
FHHHIQOHHU KHJMHI-H&HH1HH NHEKHYHHEYHH RV&HHOH HV&HH1HH
YH-HHUYHPHJHI-H2HHHI-HNHHIPHOHNHM&HHOH'HHXHHU
FHHHIQOHHUPHER<HH OHFHHLH R0H NHOH-HVSHHQHUMNHM&HHOH'HHXHHU
Deeleehes#ee peemle mebmLeebvee eueve Jeeeoe yeepeejele
-HZHHIHNHHI-HYHHOHHM&HNHSHHPHHHUHHUFHHH RH-HH^HI-H&HHOH
-H-HQHMNHM&HHHHUFHJ<HHRV&HHOH'HHXHHU
Deeueer.
'HHMsHUSHHU6PH H&HHXHHU'HEOHLH OH KHHHI-H&HHOH HV&HHMHU
jkeceseer ceee&oe ner `XHH.HH-H{YH` 2 ueeKeebheele pee veeiejer menkeejer yeBkee Deeheues Yeeb[Jeue heee&hlelee
HFHH&H (CRAR) PHOHOH sNHNHHHEKHVHH 'HHI2HNH
-HH^HI-H&HHOH'HHXHHU
jeKeleerue, leebvee DeefveJeee& MesDej efuebkespe vee@ce&heemetve
Flej cenJeeee Ie[ecees[er :
PHWsRV&HHOH'HHXHHU

PsVs\H%NH'HH#+H)ERHVMl-Hl\H%NH'HH#+HMHSHP/HHYHlHH
'HYHJtHFHVlPsVs\H%NH'HH#+H)EHI>HHl-H
'HHHPHHU'HHHPHHU'HHHl ie=n#es$e, yeebOekeece#es$e Je JeeJemeeefeke yeebOekeece #es$eeuee
RV&HHOH HV&HH1HH NHSHH HHU FHHH RH QHU OHH \H%NHVHH
\H%NHVOH 'HH#LHPs KHHPHWYH PHFFHHUHIXHOH NHM&HHOH
Deeuee.
6NHW&HV-HH5HHsNHNHHHE6V-HSHHU6NHW&HFHHXHFHHVHH
sNHNHV)OHNHHUNHM&HHOH'HHXHHU

eerceleer G<ee Leesjele eebeeke[tve eer. Deevebo efmevne
HHEYHHU <HHMOHHUH HIM3H-Q \H%NHVHV >VKHJsHU LH-QYH M FQ&HWYH MeeKeeefJemleej Je veJeerve efJemleeefjle ke#e mLeeheve
efo. 19 peevesJeejer 2011 jespeer met$es mJeerkeejueer.
NHM&HHPHHHUHHFHHLH R0H NHOH-HHEOHHI0HHI/HXHOHH'HH&HXHHU

efjPeJn& yeBkesee ceepeer [sheger ieJnve&j eerceleer G<ee
iesueer.
/HHVMHOH HHEHH HH 'HQ-HHXHHOH *XXHV.H NHM&HV *HIHOHH Yeejleere efjPeJn& yeBkesves meMee veeiejer menkeejer yeBkeebvee
MVXH OHHEHH NHH8HOH YHHLHMHU PHQNHHMHU \H%NHHEHH
JeeJemeeefeke eefleefveOeer (Business Correspondent)
HI-HHI-H2H'H>H&HH5-HM'HHIOH0HHHHELHXHHKHOHHUYHV OHHV>LHH
YHVFH&HHPHKHM-HHYHLHHUHIRXHHU
NHH^&HHOH'HHXHHOHHEYHHU <HHMOHHOHHUXHYHHLHMHU PHQNHHMHU
yeBkeebes efkeleske euebefyele eMve ceeieea ueeJeues. yeBkesuee eer. Jeee. Se. ceeuesieeJe eebee DeOe#elesKeeueer veJeerve
YHHLHMHU PHQNHHMHU \H%NHHEYHHKHM-HHYHV RV&HHPHEE\HE2HHU 'H<HHPH
OHHEYHHU-HV8HV-HV8HUNHVXHVXHHFHHLH R0H YHH\HXHPHHMP-HOH\H%NH
NHM&HHNHHIMOHH6NHPHHIFHOHHUHIYHHJHNHM&HHOH'HHXHHU
OHHEHHUHIYHHI~HOHHH&HHU'HHQV
4. cegKehe= mebkeuhevee : Deye meeje Yeejle nceeje
3. veeiejer menkeejer yeBeEkeie #es$eeleerue cenJeeee
Ie[ecees[er :
Deelee Deecner DeefKeue Yeejleere yeBke Peeuees! 1918 meeueer
veeiejer menkeejer yeBeEkeie #es$eekeefjlee Yeejleere efjPeJn& yeBkesves 'HHKHXHH \H%NHVHHU P/HHKHYHH 3HHXHHU 'HHHI&H FHQHMHAHOH PHJ-HHOH
'HHHI/H NH-HH FH2HV .HHXHHUXHHFHH&HV *KHHHHHVSHYHH NH{YH sKKHHsKKHHYHV 'HHKH&H FHQHMHA NHYHH sNH FH2H
eosMe, iegpejele, ieesJee Je efouueer DeMee mene jepeeble JeJemeee
kesuee 59
NHM&HHPHHHUKHM-HHYHHHIFH8HI-HXHH'HHSHKHHOH'H0HHHNHHMVPHQH
jepeeble meerefcele Demeuesuee Deeheuee yeBkesuee Deelee efjPeJn&
\H%NH'HH#+H)EHI>HHYHV 'HHI.HXH<HHMOHHHHNHHH HVHHHHKHM-HHYHH
HRHYHNHVXHH'HHQVQV YHFHWRNHM&HHPH'HHFQHXHH'HHYHERQHVOH
Deens. Deeheuee yeBkesee DeefleMee eebieuee keee&heleercegUs
'HHHI&HLHVXHHPHHOH-HHHOHHUXHHHVSHYHH\H-H-HPHHH-HHUFHJ8V
HIM3H-Q \H%NHVYHV SHHYHV-HHMHU HHKHHHYHJPHHM'HHKHXHH
\H%NHVXHH PHEKHW&H <HHMOH<HM MHSHV 'HHHI&H NH:0HHHIPHOH
eosMe) keee&&#es$e cebpetj kesues Deens. ee hejJeeveieercegUs Deelee
'HHKH&H<HHMOHHHHPH-H HFHJ.H0HQMHEOH'HHKH`H0HH.HHHI-HPOHHM
NH{0HNH&HHM'HHQHVOH'HHOHHC'H\HPHHMHHIQERHVPOHH%QFHHMH
QH
YHHMH 'HHKH&H 'HHI<HFHHYHHYHV RV7 0HNHOHHV 'HHKHXHH FHHXHNHHUHHU
yeBke Deelee DeefKeue Yeejleere yeBke Peeueer Deens eeee Deevebo meJe&
PH<HHPHRHEYHHHIYHHI~HOHHQHV) XHQHUHHH-HHHIH NH'HQ-HHXHHHH
cegKehe=eeer mebkeuhevee Deens. yeBkesee efves ner Ssefleneefmeke
(Historic) yeeye Deens.
5. iele Jeeef<e&ke meJe&meeOeejCe meYesleerue DeOe#eebee
Yee<eCeeee ceeieesJee :
\H%NHVHV 'H2HHHHU6NHYHH/HNHVHNHWMHHEYHHU LHOH-HHHD
PHKs:\HMMHVSHHU3HHXHVXHHPH-H PHH2HHM&HPH<HVOH'HHKHXHH
yeBkesves ` NHHVsH5HH-H-HPHHHNHVXHHHVSHHQHUMNHVXHV
nesles, lemese ceee& 2010 veblej 2009-10 ceOes peeieefleke
FHERHUHH OH>H.HHFHJ8V NHHQHUPHV HI\H,H>XHVXHV \H%NHVHV 'H/H NHHM&H
KHJYQHPHJJHIP/HMQHVOH'HHQV'HPHVQHUSHHQHUMNHVXHVQHVOHV'HHKH&HHEPH
PHHELH&HHPH'HHYHERQHVOH'HHQVNHHUHH'HHHI/H NH-HHH OH
Deeheuee yeBkesves meJe&e efJeeere efveke<eeee meboYee&le Deeheuee
eMeeee DeeuesKe GbeeJele vesuee Deens. DeOe#eebveer ieleJeeef<e&&ke
meYesle 2010-11 ee DeeefLe&ke Je<ee&le yeBkesuee efveJJeU veHee
`NHHVsH5QWYH'HHI2HNHQHV) XH'HPHV SHHQHUMNHVXHV QHVOHV
Deecneuee Deevebo neslees keer, DeOe#eebveer kesuesueer ner meJe&
'HYHJFHHYHV.HMHUMXHHU'HHQVOH
`NHHVsH5HHUFHSHXHFHHMXHHUNHMKHWOHHDYHEOHMHHHIYH--H8
veHee, pees ` 119.67 keeser neslee lees, 77.38 Jee{tve
2010-11 meeueer ` 212.27 keeseRJej iesuee Deens. ceeieerue
-HHHD 'H2HHHEYHHU 'HYHJFHHYHNHVXHHHFHH&HV 'HHKHXHH\H%NHVYHV KHJYQH

6NHRHPH0HHYH+HHHFHOHVNH>V-HHsHHXHPHJ{NHVXHHU'HHQV
Deeheuee mebeeueke ceb[Ueves 31 ceee& 2011 DeKesj
`NHHVsH5HH-H-HPHHHNHM&HHHV*HIMHI-HXHVQHVOHV
KHMEOHJ 'HHKH&HH PH-HHHH KHHHI\E HHFHJ8V 'HHHI&H NHFH HHMHU-HLHH HH
DeefJejle heefjeceecegU,s Deeheuee yeBkesves ` 25,000 keeserb ee
-H-HPHHHHHHQHsKKHHYHHV-Q:\HMFH2HVHLHHXHH'HHHI&H
31 ceee& 2011 jespeer lees ` 27,312 keeseRJej heesneseuee.
OHPHVH)OHMQHU HIYHNHHHEHH\HH\HOHHUOH.HHXHHUXHHFHH&HV *HFH-HHU
Peeueer:
NHSHH EHVV-HH50HHUHFHH&H
p
.HHH HVHIFH8NHOHHU0HHUHFHH&H
p
efveJJeU Jeepe eqceUkele Je

Jeepe Keee&&leerue Hejke (NIM)
HIYH--H8'HYHJOKHHHIROHFHHXHFHHH
3.52
p0HWYHs-HNHV
(meueie meeleJee Je<eea)
FHHLHHUXHRHVYH-HH[ \H%H(NHLHHVHHPHHHU 'HHIOH0HH.H>OHMQHVOHHU

'HHKHXHHU \H%NHHHNHH8HOHOHH-HWYHPHJXHH.HWYHKH&HPHJ.H{KHKH&HV
yeensj he[ueer. Deeheuee mebeeueke ceb[Ueves Debefiekeejuesuee
*H FHHLH R0H NH OH-HHEFHJ8V 'HHHI&H HHVSHYHH\H -H-HPHHH
-HH^HUFHJ8VHHNHHU&HNHH8HOHQHU'HHKH&H'HHKHXHHFHHXHFHHVHHU
LHJ&H-HHH QHU *HOHFH MH.HW 0HNHXHHV HH KHJ^HUXH NHH8HOHQHU
\H%NHVHV'HHIOH0HHPHHFHMHUOHHUYHVPHEHXHYHNH{YH'HHFQHU'HHKHXHH
0HH.HHEHVSHH8VHI-HPOHHHIMOHNH{YHSHHPOHHUOHSHHPOHXHHVNHHEKHHOH
KHHVQHVH&HHHHHHOYHNH{-H'HHKH&HHPH-HHYHHPHRZJe DeefYeceeve
-HHsVXH'H0HHUPHHFH\H%NHHIYHFHH &HNH{
<HHI-HHHOH -HHÔHH PKH2H[XHH OHH:> RV&HHPHHHU 'HHKHXHHXHH

'HHKHXHH \H%NHVHH )HIOHQHPHHOH H/HFHH ^HV\H8 YH+HHHYHV heg{erue eej ieeseRee eMemJeer leeUcesU IeeueeJee ueeiesue.
` 350 keeseRee hhee heej kesuee. {esyeU veHee ne ceeieerue Je<eehes#ee 1. JeJemeee Je=er. 2. meMee veHee. 3. ceeueceesee (efouesuee
sNHNHHHEYHHU-HH^WYH` 358.19 keeseRJej heesneseuee, NHSHHHH*HRSHH PHHFH<HHE>-HXHKHHH KOHOHHHFHH&H
OHMNHMKHW-H HIYH--H8YH+HHHYHVsNHNHHHEHHU<HMHMHU,HVOH
60
6. DeeefLe&ke Je<e& 2010-11 ceOeerue "Uke JewefMees :

'HHKH&HHEPHFHHQHUOH'HPHVXHHNHHU'HHKHXHHU\H%NH'HHIOH0HH-HVLHHYHV
0HH.HHHI-HPOHHM-H-H-HPHHH-HHUNHMHUOH'HHQV'HHKH&H'HHKHXHH
efJemleej Je JeJemeeeJe=er ne JesieJesieee efveeceebee eewkeerle
jentve meOeeee iegbleeiegbleeree DeeefLe&ke heefjefmLeleerlener peesceeves
kejerle Deenesle.
'HHKHXHH\H%NHVHHNHMKHW-H HIYH--H8YH+HHHYHV

ee ` NHHVsH5-H{YH -HH XHH
` NHHVsH5HHU *OPHHQ-H2H NH FHSHXH FHHMXHHU
OHPHVH NHMHVHM HIYH--H8 YH+HHHYHVQHU -HH
ee `NHHVsH5-H{YHFHHH MHVSHHU
`NHHVsH5HHU<HMHMHUFHHMXHHUFQ&HSHVHHIYH--H8
YH+HHHOH)OHNHHURFHRHM-HH^3HHXHHU
Deeheuee yeBkeseer Je<e& 2010-11 ceOeerue keeceefiejereer

'HHKHXHH\H%NHVHHHIYH--H8-HHSHNHFHH) OH'HENHHEHHU
"Uke JewefMees:
YejerJe Jee{ nesTve lees ceeieerue Je<eeaee 2.61-H{YH
FHHH MHVSHHU\H%NHVHH6NHW&H-H-HPHHHHOHV-HHU
3.52 Jej heesneseuee. kepee&ee Jeepe efceUkeleerle Jee{
Je kepex&) ` 3,795.87 keesereer Jee{ nesTve ceeieerue
OHPHVHV-HH5HH-HHSHHHH.HHH OHNHKHHOH3HHXHHFHJ8VH
DeeefLe&&ke Je<eea&ee `NHHVsH5-H{YH6NHW&H
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JeJemeee 31 ceee& 2011 jespeer ` 27,312.95 6NHW&H.HHH HV 6NHW&HHIFH8NHOHHU0HHU HFHH&H-HH
NHHVsH5-HMKHHVQHVHXHH-H-HPHHHHOHHUXHQHU-HH^
ee 56.86-H{YHFHHH MHVSHHU
Deens.
heele Ieues.
\H%NHVHHV-HH5FH2HVsNHNHHHEHHU-HH^QHV7YHOHH 'HHKHXHH \H%NHVHH NHFH HHMHU-HLHH OH NHFH HH1HHEHHU
31 ceee& 2010 ee ` NHHVsH5-H{YH
Yej he[tvener, DenJeeue Je<eeleerue eefle kece&eejer efveJJeU
31 ceee& 2011 jespeer ` 15,800.96 keeseRJej
veHee Jee{tve ` XHH.H)OHNHH3HHXHH
KHHVQHVHXHH OHM NHSH[ sNHNHHHEYHHU -HH^WYH
31 ceee& 2010 ee ` NHHVsH5-H{YH 9. eefle kece&eejer JeJemeee ne 31 ceee& 2010 jespeeree
` NHHVsH5-H{YH FHHH MHVSHHU
31 ceee& 2011 jespeer ` 11,511.99 keeseRJej iesueer.
` NHHVsHU)OHNHH3HHXHHHT-H0HVHFQ&HSHVHHHNHH8HOH
3. iesuee Je<eea DeeefLe&ke Je<ee&ee MesJeee hheele cne[e
YH-HHUYHNHFH HHMHU\H%NHVOHHIYHHJ-HOHNHVXHV'HPHOHHYHHQHU
eespeveWleie&le leerve eej ceefnveebkeefjlee keener JeJemeee
eefle kece&eejer JeJemeeeele DeMeer Je=er Peeueer.
Deeheueeuee efceUeuee neslee. lees leelkeeefueke neslee. Jejerue
PHXHLHPHHOH-HH-HHHDHIYH--H8'HYHJOKHHHIROHNHSHHHVVHFHH&H
6NHW&H -H-HPHHHHFH2HWYH FQH>HHH HHVSHYH:OHLH OH NHVXHVXHH
ns eMemJeerjerlee Metve kekesMH.H&HHOH'HHXHV
` NHHVsH5HH -H-HPHHH NHFHHU NHVXHH OHM
FHHLHHUXH -HHHKHVHH 6NHW&H -H-HPHHH-HHI HH 'HHHI/H NH 11. yeBkesee mJeefveOeer 31 ceee& 2010 ee ` 1,270.37
NHHVsH5-H{YH FHHH MHVSHHU `
Je<ee&le ` NHHVsH5YHHU 3HHXHHU 'HPHOHHU 'HHHI&H
keeseRheele heesneseuee. yeBkeseer Yeeb[Jeue heee&hlelee
HH 'HQ-HHXH -HHH OH V-HHU HH veer Je kepex
SJe{er Deens.
30.25 veer Jee{ueer Demeleer.
NHSHHHV V-HH50HHU HFHH&H FHHH HH 'HHKHXHH\H%NHVHH6NHW&H0HH.HHFHHH HH
-H{YHFHHH MHVSHHU-HMKHHVQHVHXHH
-H{YH FHHH MHVSHHU Jej iesues.
eqkejkeesU kepex& Je Jeeheejer/Deeweesefieke kepex& eebee 13. 31 ceee& 2010 jespeer eefleMeeKee JeJemeee
HI-HKH&HYHHOHFHESHJMHUOH-HHI-HOHM&HHOHPHE\HEHI2HOH'HHI2HNHHMHU
` 117.58 keeseRee neslee lees 31 ceee& 2011 jespeer
-H*HHHI2HNHH1HHEYHHU +HHMYHZKHJ&HRH.HHI-HXHV -HKHHIMHFH
`NHHVsH5HH3HHXHH'HQ-HHXH-HHHD6NHW&H
Iesleues.
YH-HHUYH 0HH.HH NHHHH HIY-HOH NHM&HHOH 'HHXHH 'HHKHXHH
61
cetU meejmJele yeBkesee Hee 83 MeeKee keee&jle Deensle. 15. Deeheuee yeBkesves Je<e& 2008-09 ceOes Deeheuee osMeeee
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meejmJele yeBkesee cetU MeeKeebee eefle MeeKee JeJemeee
'HHKHXHHHIRXXHHU 0HH.HVXHH<HM<H{YHHHIOHPHHRHIFH8HXHH
` 176 keeseRntve DeefOeke Deens. 216 MeeKeebee eefle
DenJeeue Je<ee&le Deeheuee lee MeeKesee JeJemeee
MeeKee JeJemeee ue#eele Iesleevee megceejs 2/3 MeeKee
`NHHVsH5-HMKHHVQHVHXHHHHH0HHKHHPHWYHHVM&HH
Skelej mecceerefuele yeBkeebee MeeKee Deensle efkebJee iesuee
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iejpeses Deens. YeefJeleJeele leebee JeJemeee Peheeeeves
-HH^&HHM'HHQV
7De). yeBkeseer osoerheceeve eMemJeerleseer ee Melekeeleerue
leee veb. 1- eefle MeeKee Glheeokelee efJeMuse<eCe : (` keeserceOes)
heefnueer one Je<ex (2001-11):
MeeKee mejemejer
iesuee oMekeeceOes Deeheuee yeBkesves efJemceekeejke Je
JeJemeee DeefleMee Glke= eieleer kesueer Deens. 31 ceee& 2001
meejmJele yeBkesee cetU MeeKee
83 176.21 MHVSHHU 'HHKHXHH 6NHW&H -H-HPHHH ` NHHVsH5HH
meejmJele yeBkesee veJeerve MeeKee
26.62 QHVOHH\H%NHVHHP/HHKHYHVKHHPHWYHOHHVKHHOHOH\\HXH-HHV KHW&H
iebOekees<eee pegvee keeee&efvJele MeeKee
60 67.38 3HHXHH-HM 'HHKH&H OHHV -H-HPHHHHHH sKKHH LHHXHH QHVOHH
iebOekees<euee meejmJele yeBkeske[tve
3 212.68 OHH OHJXHYHVOH HHXHW R0HNHHFH2HV \H%NHVHH 6NHW&H -H-HPHHH
OHH-HV8HH -HH[ )OHNHHH NHHXH.HE>H YHEOHMHH 6NHW&H
efceUeuesuee MeeKee
iebOekees<eee veJeerve MeeKee
29 60.25 ` NHHVsH5-H{YH PHQHKHsHUYHV -HH^WYH OHHV ` 27,312
6PH6FH) 0HH.HH
6 850.06 keeseRee Peeuee. osMeeleerue menkeejer yeBeEkeie #es$eeleerue ne
Ske DeefleMee DeefYeceeveemheo Demee JeJemeeeJe=eree hhee
mecegheejere MeeKee
1 253.67
'HHQV HHH NHH8HOH \H%NHVHH YH+HHPHJH 'HHKHsHUYHV -HH^XHH
SketCe
216 126.45
Deeheuee yeBkeses DeOe#e, yeBeEkeielep%e cee. eer. SkeveeLe kes.
LHE2HNHHVHHH PHFFHHUHIXHOH \H%NHHEHH 0HH.HH 'HHHI&H 6NHW&H HNHWM HHEHV -H PHEHHXHNH FHE>8HHV HH RQH -HHH OH \H%NHVXHH
\H%NHVHH YH-HHUYH 0HH.HH HH \H%NHVHH 6NHW&H 0HH.HHEHH 2/3 XHH<HXHVXHV NHJ0HXH YHVOHO-H 'HHHI&H FHHLH R0H YH -H PH-H /HMHEOHHUXH
SJe{ee Demetvener Deeheuee yeBkesee eefle MeeKee JeJemeee ne NHFH HH1HHEHHUNHHH HFHOHH-HHHIOH\HOHHHHFHJ8VH'HHKHXHHU\H%NH
` NHHVsHU 6-H^H 'HHQV YH-HHUYH 0HH.HH 'HHHI&H
` NHHVsH5HH -H-HPHHHHHH sKKHH KHHM NH{
PHFFHHUHIXHOH\H%NHHEHH0HH.HHEFH2HV-H-HPHHH-HHUPHHHU'HHIOH0HH
0HNHXHHU6-H^HFHHVH-H-HPHHHNHMOHHYHHPHEHHXHNHFHE>8HYHV
HHELHXHH-HH-H'HHQVFQ&HWYHHHHPH-H 0HH.HH>H#'HH>HMNHM
efceMeve III 'HHHI&HIVHHKHWOH OHVPHHHUHIYHHI~HOHH'HHKHXHHFHHVH KHOHKHJM-HvHHHH RSHH OH NHHV&HOHHQHU PHFH3HHVOHH NHVXHH YHHQHU
'HHHI&HHHIOHNHFH HHMHU -H-HPHHHHHIOHNHFH HHMHU YH+HH'HHHI&H
menYeeie osleerue eeeer mebeeueke ceb[Ueuee Kee$eer Deens.
HHIOH0HH.HH-H-HPHHHHHEHVHFHH&H*HMHVHMHHELHXHVMH.H&HHOH
LHJSHMHOHFH2HHUXH'HQFHRH\HHRHV/HV 'HHKH&H6NHHHHIR-H0HHU
yeBke eMemJeer Peeueer.
'HHKHXHH\H%NHVHHKHHH0HH.HHPHJ{NHVXHHHHHI0H-HHH
megjle esLes Deeheueer Ske MeeKee Deens, lesLes Depetve Ske KHJ^HUXH 'HHXHV.H 'HHKH&HHPH LHVXHH -HHHOHHUXH
0HH.HH PHJ{ NHM&HHOH 'HHXHHU OHPHVH -HHKHHU LHJSHMHOH \H%NHVHH -H-HPHHHHHH PHJ{-HHOHHUHH
HV/HV 6NH 0HH.HH NHHHH HIY-HOH NHM&HHOH 'HHXHHU HHFHJ8V (1918-2001) Je<eeleerue JeJemeeeeyejesyejee legueveelceke
LHJSHMHOHMHSHHOH'HHOHH'HHKHXHH\H%NHVHH6NHW&H'HH oeKeuee osleerue.
MeeKee Demetve yeBkesee JeJemeee lee jepeele ieleerMeerue
QHV&HHPHHHXHYHHHIFH8&HHM'HHQV
62
DeeuesKe 1 - SketCe JeJemeee

DeeuesKe 2 - SketCe "sJeer
18000
30000
`
27312.95
`
keeser
15800.96
27000
keeser
16000
24000
14000
21000
(` keeseRceOes)
12000
18000
(` keeseRceOes)
10000
15000
8000
12000
9000
6000
6000
4623.19
keeser
4000
`
2817.76
keeser
3000
2000
0
2001
heefnuee 83 Je<eeveblej
(1918-2001)
2011
DeeefCe leeveblej heg{erue
10 Je<eeveer (2001-2011)
0
2001
(1918-2001)
2011
10 Je<eeveer (2001-2011)
SketCe JeJemeee: KHHIQXHH -HHHYHEOHM 6NHW&H -H-HPHHH SketCe "sJeer:KHHIQXHH-HHHYHEOHM6NHW&HV-HHU` 2817.76
` NHHVsH5HH QHVOHH OHHYHEOHMHH R0HNHHOH NHHVsH5HH QHVOHH OHHYHEOHMHH R0HNHHOH 6NHW&H V-HHU
6NHW&H-H-HPHHH` 27,312.95 keeseRee Peeuee. one Je<eele ` NHHVsH5HH 3HHXHH RQH -HHHOH 6NHW&H
6NHW&H-H-HPHHH-HH^` 22,689.76 keeseReer Peeueer.
V-HHUOHHUXH-HH^` 12,983.20 keeseReer Peeueer.
63
DeeuesKe 3 - SketCe kepex

`
12000
DeeuesKe 4 - eefle kece&eejer JeJemeee
11511.99
9
keeser
8.18
keeser
11000
8
9000
6
(` keeseRceOes)
10000
8000
4
7000
`
2.57
(` keeseRceOes)
3
keeser
6000
2
5000
1
4000
0
2001
(1918-2001)
3000
2011
10 Je<eeveer (2001-2011)
eefle kece&eejer JeJemeee: KHHIQXHH -HHHYHEOHM 6NHW&H

NHFH HHMHUPHE.HHQHVOHHU'HHHI&HHHIOHNHFH HHMHU-H-HPHHH
` 2.57 keeseRee neslee. leeveblejee oMekeele kece&eejer
1000
PHE.HH 3HHXHHU 'HHHI&H HHIOH NHFH HHMHU -H-HPHHH
` NHHVsH5 )OHNHH 3HHXHH QH HHIOH NHFH HHMHU
-H-HPHHH 'HHKH&H PHHIFFHXHHUOH NHVXHVXHH PHHOH PHQNHHMHU
0
2001
2011
'HHSHHMHU \H%NHHEHH NHFH HH1HHEHH 'HHHI&H YH-HHUYH HIYHHJH
(1918-2001)
10 Je<eeveer (2001-2011)
NHVXHVXHH NHFH HH1HHEHH PHQ<HHLHHYHEOHMHH 'HHQV HHHHU
SketCe kepex: KHHIQXHH -HHHYHEOHM 6NHW&H NHSH[ YHH:R ,HV&HV 'HH-H0HNH 'HHQV OHPHVH PHHMP-HOH \H%NHVHH
`NHHVsH5HHUQHVOHHUOHHYHEOHMHHR0HNHHOH6NHW&H cetUee MeeKeebee 83 Je<ee&veblej eefle kece&&eejer JeJemeee
kepex ` NHHVsH5HHU 3HHXHHU RQH -HHHOH 6NHW&H ` 2.57 keeseRee neslee. lees veblejee oMekeele ` 9.70
kepe&Jee{ ` 9,706.56 keeseReer Peeueer.
NHHVsHU)OHNHH3HHXHH'HHQV
`
2000
64
1805.43
keeser
DeeuesKe 6 - KesUles Yeeb[Jeue
DeeuesKe 5 - SketCe iegbleJeCetke

6000
20000
19186.27
keeser
5400
5253.77
keeser
18000
4800
16000
4200
14000
3600
(` keeseRceOes)
(` keeseRceOes)
12000
3000
10000
2400
8000
1800
6000
`
1255.54
keeser
1200
3410.61
4000
keeser
600
2000
0
2001
(1918-2001)
2011
10 Je<eeveer (2001-2011)
2001
(1918-2001)
2011
10 Je<eeveer (2001-2011)
SketCe iegbleJeCetke: KHHIQXHH -HHHYHEOHM 6NHW&H LHJEOH-H&HWNH KesUles Yeeb[Jeue: heefnuee 83 Je<eeveblej KesUles Yeeb[Jeue
` NHHVsH5HHU QHVOHHU OHHU YHEOHMHH R0HNHHOH ` NHHVsH5HV QHVOHV OHV YHEOHMHH R0HNHHOH
` NHHVsH5HHU 3HHXHHU RQH -HHHOH 6NHW&H `NHHVsH5HV 3HHXHVRQH-HHHOH6NHW&H.HV8OHH
LHEJOH-H&HJNHHUOHHUXH-HH^` 3,998.23 keeseReer Peeueer.
Yeeb[Jeueeleerue Jee{ ` 15,775.66 keeseReer Peeueer.
65
DeeuesKe 7 - mJeefveOeer
1600
DeeuesKe 8 - {esyeU veHee

400
1473.49
keeser
`
358.19
1400
keeser
360
1200
320
(` keeseRceOes)
1000
280
800
240
400
(` keeseRceOes)
600
336.80
keeser
200
200
160
0
2001
(1918-2001)
2011
10 Je<eeveer (2001-2011)
mJeefveOeer : heefnuee 83 Je<eeveblej yeBkesee mJeefveOeer

` 336.80 keeseRee neslee. Deeheuee yeBkesves 2006
KHHPHWYH PHFFHHUHIXHOH \H%NHHEHH HI-HXHHUYHHUNHM&HHPHHHU
NHHVsH5HHU LHEJOH-H&HWNH NHVXHHU OHPHVH
ee DeeefLe&ke Je<ee&heemetve veeiejer menkeejer yeBkeebvee leebee
GlheVeeJej Deeekej YejeJee ueeieuee, lejermege mJeefveOeer
veblejee oMekeele `NHHVsH5HH3HHXHH'HHKH&H
'HHSHOHHLHHHOH 6NHW&H ` NHHVsHU )OHNHH 'HHHNHM
<HMXHH OHM PHHOH 'H>H&HHUOH 'HHXHVXHH \H%NHH PHEKHHRYH
NHM&HHPHHHU ` NHHVsH5HHU LHJEOH-H&HWNH 'HHKHXHH
iebieepeUerletve kesueer. ee oesve yeeyeer ue#eele Iesleuee lej
2001 ee leguevesle Deepe yeBkesee mJeefveOeer ` 2,076.01
keeseRJej iesuee Demelee).heefnuee 83 Je<eeveblej pees Deeheuee
6NHW&HP-HHIYH2HHU QHVOHHSH-H8SH-H8OHV-H^HH'HHHNHM'HHKH&H
KHHPHWYH<HMXHH'HHQVQVPHJ2RHXHH&HHUH'HHQV
66
120
80
`
53.62
keeser
40
0
2001
(1918-2001)
2011
10 Je<eeveer (2001-2011)
{esyeU veHee : heefnuee 83 Je<eeveblej {esyeU veHee ` 53.62

keeseRee neslee. leeveblej 2010-11 ee DeeefLe&ke Je<e&DeKesj
^HV\H8 YH+HHHOH ` NHHVsH5HHU -HHI 3HHXHHU 'HHHI&H
6NHW&H^HV\H8YH+HH` 358.19 keeseRee Peeuee.
DeeuesKe 9 - efveJJeU veHee

225
DeeuesKe 10 - eeflekece&eejer efveJJeU veHee

8
212.27
keeser
200
7
`
6.36
ueeKe
175
6
150
125
(` ueeKeebceOes)
(` keeseRceOes)
100
75
50
25
1.30
ueeKe
23.42
keeser
0
2001
(1918-2001)
2011
10 Je<eeveer (2001-2011)
efveJJeU veHee : heefnuee 83 Je<eeveblej efveJJeU veHee

` NHHVsH5HH QHVOHH OHHV YHEOHMHH R0HNHHOH
` 212.27 keeseRee Peeuee. 2001 ceOes menkeejer yeBkeebee
GlheVeeJej Deeekej YejeJee ueeiele veJnlee. 2010-11 ee
DeeefLe&ke Je<ee&ee efveJJeU veHee ne eeJe<eea& ` 81.23 keeser
Deeekejeheeser YejeJee ueeieuee veblejee Deens.
0
2001
(1918-2001)
2011
10 Je<eeveer (2001-2011)
eeflekece&eejer efveJJeU veHee : heefnuee 83 Je<eeveblej eefle

kece&eejer efveJJeU veHee ` 1.30 ueeKe neslee, lees veblejee
oMekeele `XHH.H3HHXHHRQH-HHHOH6NHW&HHHIOHNHFH HHMHU
HIYH--H8YH+HHHOHHUXH-HH^` 5.06 ueeKeebeer Peeueer, leer mege
KHW&H 'HHHNHM<H{YH
67
DeeuesKe 11 - {esyeU Deveglheeefole kepex&

9.85%
DeeuesKe 12 - efveJJeU Deveglheeefole kepex&

6.0
10
5.64%
5.5
5.0
8
4.5
7
4.0
6
3.5
5
3.0
4
*3.25%
2.5
3
2.0
2
1.5
1
1.0
0.5
2001
(1918-2001)
2011
10 Je<eeveer (2001-2011)
0.00%
0.0
2001
2011
{esyeU Deveglheeefole kepex& : heefnuee 83 Je<eeveblej {esyeU

(1918-2001)
10
Je<eeveer (2001-2011)
Deveglheeefole kepex& 9.85 nesleer. leer veblejee oMekeele
3.25 Peeueer. Deeheuee yeBkesee DeefleMee eebieuee kepe&& efveJJeU Deveglheeefole kepex& : heefnuee 83 Je<eeveblej efveJJeU
-HPHJXHHUHHHVPHNHHH H&HHXHHUFHJ8V 'HHKH&H^HV\H8'HYHJOKHHHIROH 'HYHJOKHHHIROH NHSH[ nesleer, leer veblejee oMekeele
kepex& ner 3.25 heele jeKet Mekeuees.
0 Peeueer. 2005 meeueer efveJJeU Deveglheeefole kepex& 0
*ee 3.25 ee Deveglheeefole kepeeceOes 2006 veblej -HM'HH&H&HHOH'HHXHHUOHV-QHKHHPHWYHPHHOH'HHSHHMHU \H%NHHEHH
meefcceefuele Peeuesuee meele menkeejer yeBkeebeer {esyeU Deveglheeefole PHFFHHUHIXHNHM&HHYHEOHMPHJHLHVXHHU PHHOH-HH V PHHOHOHHYHV HIYH--H8
NHSH[ FHHVvHH HFHH&HH-HM 'HHQVOH OHHOH 'HHSH-HMHH FHW8 'HYHJOKHHHIROH NHSH[ 0HWYH sNHNHVH MH.H&HHOH \H%NHVYHV H0H
PHHMP-HOH\H%NHVHHU6NHW&H'HYHJOKHHHIROHNHSH[ RHVYHs-H-HHHEQWYHQHU efceUefJeues Deens.
keceer Deensle.
68
DeeuesKe 14 - eefleMeeKee JeJemeee
DeeuesKe 13 - yeBkesee SketCe MeeKee

250
150
135
225
216
126.45
keeser
120
200
105
175
(` keeseRceOes)
90
150
75
64.21
(MeeKeebeer SketCe mebKee)
keeser
60
125
45
100
30
72
75
15
50
2001
(1918-2001)
2011
10 Je<eeveer (2001-2011)
eefleMeeKee JeJemeee :KHHIQXHH-HHHYHEOHM\H%NHVHH6NHW&H

0HH.HH QHVOHH 'HHHI&H HHIOH0HH.HH -H-HPHHH `
keeser neslee. leeveblejee heg{erue one Je<ee&le veJeerve MeeKeebeer
<HMKH>WYHPHHMP-HOH\H%NHVHHFHW80HH.HH3HHXHH'HHHI&H
0
2001
2011
leebee mejemejer eefleMeeKee JeJemeee ` 223.99 keeser
3HHXHH \H%NHVHH 6NHW&H 0HH.HH LHVXHH RQH -HHH YHEOHM 6NHW&H
10 Je<eeveer (2001-2011)
(1918-2001)
216 (meejmJele yeBkesee cetUee 92 MeeKee, ìebOekees<e'ee
MeeKee :KHHIQXHH-HHHYHEOHM\H%NHVHH6NHW&H0HH.HH 0HH.HH 'HHHI&H LHVXHH OHHUYH -HHH OH NHHHH HIY-HOH NHVXHVXHH
neslee. lee veblejee oMekeele 216 Peeuee. 2011 ee 0HH.HH 3HHXHH 'HHHI&H HHIOH0HH.HH PHMHPHMHU -H-HPHHH
-HH 'H.HVM'HHKH&H0HH.HHEHV*HIHIYHHI~HOHKH&HVKHHMNH `NHHVsH5HH3HHXHH'HHQV
25
69
DeeuesKe 15 - kece&eejer mebKee

3600
3338
3200
2800
(kece&eeNeebeer SketCe mebKee)
2400
2000
1801
1600
1200
800
400
0
2001
(1918-2001)
2011
10 Je<eeveer (2001-2011)
kece&eejer mebKee : heefnuee 83 Je<eeveblej kece&eejer mebKee

1801 nesleer leer veblejee oMekeele 3338 Peeueer. iesuee
RQH -HHHOH \H%NHVHH NHFH HH1HHEHH PHE.HVOH 6NHW&H
NHFH HH1HHEHHU <HMKH>XHHUKHMEOHJ OHJXHYHVYHV NHFHHU NHFH HH1HHEHH
meneeeves efkeleerlejer DeefOekehe JeJemeee kejlee Deeuee.
PH-H H P/HMHEOHHUXH NHFH HH1HHEHHU -HHÔHHU NHHZ0HXHV -H HHYH
OHPHVH FHHHIQOHHU OHEHHHYHH-HMHUXH <HM HHFHJ8V QV 0H-HH 3HHXHV
KHMEOHJ -HHÔHH *OKHHRNHOHVFHJ8V MHVSHLHHM HIYHHIFH OHHUQHU 'HHKH&H
NH{ 0HNHXHHV QV 'HHOHH HIPH2R 3HHXHV 'HHQV LHVXHH R0HNHHOH
'HHKHXHHHNHFH HH1HHEYHHUNHNH{YHYH-HHUYHMHVSHLHHM
HIYHFHH &HNHVXHV
70
7 ye) yeBkeseer ie[PesHe : iesuee oMekeele peCet Skee vekee

yeBkeseer GYeejCeer !
31 ceee& 2001 les 31 ceee& 2011 ee oMekeeceOes
'HH+HXHH \H%NHVHH PHE+HW&H HVQMHFHHVQMH \HRXHXHH RV0HHOHHUXH
FHQONHHHHU 'HHHI&H FHHVHU \H%NH QHV&HHHH 2HVHH+HOH 'HH+H&H
HVPH +HH7XHV *HXHXHHU 'HHHI&H 'HH+HXHH H0HHHHU OHPHVH
<HNHOHVHHU +HHNHOHHU PHE+HW&H RV0HHYHV HIRXHHUHHPHHHU 'HH+HXHHXHH
NHHQHU HIYHHHVSHYH\H HHVSHYHH 'HH.HHNHH XHHLHXHH 'HHHI&H
NHHH +HOHHUOH 'HHFHJXHHLH \HRXH NHMHNHV XHHLHXHV LHVXHH RQH
NHHH OH'HH+HXHH\H%NHVHV 'H2HHFHHHHU6NHYHH/HNHVHNHWM
eebveer Keeueerue meke& eespevee mkele: DeeKeuee, jeuee ke
lee meke& mebkeuHeveebeer keee&keener mebeeueke ceb[Ueleerue meke&
PHEHHXHNH NH PHNH POHMHOHHUXH NHFH HH1HHEHV PHQNHHH ,HV7YH
OHHEYHHU +HW&H ONHHPH YHVXHHU \H%NHVOHHUXH 'H0HH 'HEOH\HH yH \HRXHHFHJ8V
'HH+HXHH\H%NHVHH'HHIPOHONHHHHUPHE+HW&H RV0HHXHHR.HXH,HHNHHU
XHHLHXHHU'H2HHFHHHHU6NHYHH/HNHVHNHWMHHEYHHU LHVXHH
RQHNHHH OHNHHHH HIYNHOHNHVXHVXHHFHJ.HHHVSHYHH.HHXHHUXH+HFHH&HV
Deensle.

kkPHVNHYH6PHNHYPHXHsEsGPHllHHEHHUHIYHHJNHOHHUNHYHOHHEYHHU
HIRXHVXHH'HQNHHXHHHHU 'HHHI&HPHWHYHHEHHU 'HEFHXH\HSHHNH&HHU
FQ&HSHVHPHE+HW&H \H%NHVXHHNHHH +HNH&HHHYHNHHI2H OH'HHHI&H
LHHQNHNH:HUOH\H%NH\HYHHINH&HHHHNHHHIYH2HH M
o NH:HUHNHNHP/HH+HYHPHHIFHOHHUHHUP/HH+HYHH(CENMAC)
(ns yeBkesleueb kekemLeeHeveeee ke kepe&cebpetjeree DeefOekeej
'HPHXHVXHVHVsVPHEHHXHNHFHE>8HSH&HJ
o >H# 'HH>HMNHM HIFH0HYH I les IV HHU ,HHVH&HH 'HHHI&H
'HEFHXH\HSHHNH&HHU
(` NHHVsH5HH 6NHW&H NHNHPHHHHHH
*HIsHNH>V'HHLHVNHWHPHJ3HHXHHU
o HIMsVXH\H%HINHELHHINH<HHLHHHHUP/HH+HYHH
o 'HYHJO+HHRHUOHNHSH NHNHP/HH+HYHHINH<HHLHHHHUP/HH+HYHH
'HYHJO+HHRHUOH NHSH NHPHWXHHU PHELHHFHHHHU ,HHVH&HH NH
'HEFHXH\HSHHNH&HHU
o SHHV.HHUFHHINH<HHLHHHHUP/HH+HYHH
o RHOHHHINH<HHLHHHHUP/HH+HYHH
o HINH+H&HYHHINH<HHLHHHHUP/HH+HYHH
o PNHFHHXHNHHUHH'HHHsHU*+HNHE+HYHHUHHUP/HH+HYHH

PHHMPNHOH)Y+HHVsVNHNHE+HYHHUHIXH
o PHHFHH) NH NH:HUNHM&H NHHH +H&HHXHHUHHU CBS)

'HEFHXH\HSHHNH&HHU
o PHHOH 'HHSHHMHU NH 'H0HNHOH YHHLHMHU PHQNHHMHU \H%NHHEHV
'HH+HXHH\H%NHVOHPHFFHHUHIXHNHM&HPHE+HHHIRNHM&HNHOHHEHV
H0HPNHHU+HJYHSSHHUNHYH+HtHHUHH
o PHHOHPHFFHHUHIXHOH\H%NHHEHHkkLHE2HNHHVHllHHUHIYHHIFH OHHU
(leebes yeBke efvenee efkeYeeie DeeKetve HebOeje ke<eeee
efveeespeveemen keeeeue)
o NHHNHPHHHIHNHNHHH +H&HHXHHUPHEMHYHH(BPR) efkeYeeieeeer
mLeeHevee

HH 'HEOHLH OH MHPHVNH 6PH6FH) PHHU'HHVPHHU+HHUPHHU
meerDeeemeerHeermeer, meer[erSmemeer, Smed.yeer.eg.- efkejkeesU,
IeeTke kepe&, kees<eeieej ke iebOekees<e-, eebeer mLeeHevee)

*HHHI2HNHHMHUNH0HH.HHHI2HNHH1HHEHHUNHHHIH NH+HHIMHR

\H%NHVOHHUXHYHNHHYHVOHONHHHHUSH>&H,H>&HNHPHENH2H YH
o FHHYHNHPHEPHH2HYH+HHIMHR

PHNH NHFH HH1HHEHVFHYHHV\HXHNHH5LHOHNHYHNHHNHPHHHIHNH
keee&keener )

>H#'HH>HMNHMHIFH0HYHHH+HOHVNHs++HHHHH0HPNHHU
Hetle&lesveblej Keeme Meeyeemekeeres DeeJeemeve ke leeeer
'HEFHXH\HSHHNH&HHU
o kkHINQPHH)EsMYH#0HYHXHllHH'HHEOHMMHsAHUHNHE+HYHHU\HMHV\HM
>V\HHUsNHH> HINHOHM&HHPHHHUNHMHM
o <HWH&H'HLHRWOHYHVFH&HWNH

PHQNHHMHU\H%HINHELHHVHHOH+H/HFHH
o YHNHHUYH kk\H#Y> PHHMPNHOH \H%NHllHHU *<HHM&HHU NH YHNHHUYH
\HHV2HHIH'HELHHUNHM&H

GlHeVe ke Kee& meefceleereer mLeeHevee

<HNHHIRNHNHH#+HH[MVsPH:sM+HNHX+HpPHENHX+HNHHIPHHU
(meejmkele yeBke Yekeve)
o 0HH.HHHINHPOHHMHHHkk'H-HFHV,Hll*+HtHFHHHHU PHENHX+HYHH
NH'HEFHXH\HSHHNH&HHU
(oj HebOejke[eeuee efkeceeve Ske vekeerve MeeKee meg)
o YHNHHUYH*HHHI2HNHHMHUHV&HH5HHUHIYHHIFH OHHU

>HU6FHG>HUPHHU) 'HHVPHHU6+HG'HHVPHHUSHHU6FHG
o YHNHHUYHNHVOHYHHV&HH5HHUHIYHHIFH OHHU

6\HHU'HHHI&HPHHUNHVOHYHHV&HHU
o NHNHPHHHHINHNHHPH+HHIMHRVHHUP/HH+HYHH
(yeBkeses eejner mlebYe mebeeueke ceb[U, mesvece@ke,
DeefOekeejer mebIevee ke kece&eejer mebIevee eebee

PHQFHOHHUHH'HH2HHMHNHMNHHH NHHQHU+HJ^VYHV&HHHHHIYH2HH M
NHOHHPHHHUPHJPHENHHR
NHMHUXHPHNH HHVSHYHHMH\HHINHXHHYHEOHM'HH+H&H'HH+HXHH\H%NH:HHU
OHHNHV8HU'HPHXHVXHHUPHE/HLHOHHUHHU+HHIOHFHHNHPHEPNHOHHU'HHFHJXHHLH
yeouetve eflees Heeblej Deeeekele leb$e%eeveeee keeHej keve
WOHLHOHHUYHV*ONHsPHVNHH+HJMHINH&HHMHU'HH2HJHIYHNH\H%NH'H0HHUYHNHHU
'HHV8.HHIYHFHH &HNH0HNHXHHV'HHOHHkkFHHVvHH\H%NHHEHHUHFHOHH
NHXHQHYH\H%NHHEHHU OHO+HMOHHll'HPHXHVXHHU 'HH2HJHIYHNH\H%NH'HPHH
DeeHeuee yeBkesee peieeuee vekeerve Heefjee Peeuee Deens.
8. Deelee ue#e ` 1,00,000 keeserbee JeJemeeeees !
'HHKH&HH PH-HH YHH HHOH 'HPHVXHH NHHU \H%NHVXHH FHHH
heele ` 1,00,000 keeseRee JeJemeeeees cenJeekeeb#eer
2HVHLHHHHHV'HHQV'HHKHXHH\H%NHVYHVk>H#'HH>HMNHMHIFH0HYHl
'HEOHLH OH'HHHI/H NH-HH KHHPHWYH.HHXHHUXH*HIV V-HXHHU
nesleer.
1. [e@. Dee[ejkej efceMeve-I Debleie&le ` 10,000 keeseRee
JeJemeeeees ceee& 2006 heelees *HI.
2. [e@. Dee[ejkej efceMeve-II Debleie&le ` 25,000
keeseRee JeJemeeeees ceee& 2011 heelees *HI
3. [e@. Dee[ejkej efceMeve-III Debleie&le ` 50,000
keeseRee JeJemeeeees ceee& 2016 heelees *HI
>H# 'HH>HMNHM HIFH0HYHIV Debleie&le ` 1,00,000
keeseRee JeJemeeeees ceee& 2021 heelees *HI.
heefnueer oesve *HIs yeBkesves Deepeheele eMemJeerjerlee heej kesueer
Deensle. ee heee Je<ee&le Deelee Deeheues Oese ` 50,000
keeseRee JeJemeeeees Deens. ns Oese efveefelee cenJeekeeb#eer
'HHQV NHHM&H KHHPHWYH 'HHSHKHH-HVOHHV ` 25,000
NHHVsH5HH -H-HPHHHHHV *HIs LHH&HHPH \H%NHVXHH -HH[
XHHLHXHHU'HHQVOH'HHHI&H'HHOHHKHJ^HUXHNHV-H8KHHH-HHHOH\H%NHVXHH
OHV-H^HH -H-HPHHH FQ&HSHVH 'HHI2HNH ` 25,000 keeseRee
-H-HPHHH NHMH-HHHHH 'HHQV 'HHKH&H 0HH.HHHI-HPOHHMHHH
FHH2HFHHOHWYH PHEKHW&H <HHMOH<HM 'HHKHXHH \H%NHVHH 0HH.HH
*,H>&HHM'HHQHVOHOHHPHHHU *HHI0HHIHOHOH{&HQHVOHNH{
NHFH HH1HHEHHU HIYHHJHHU NHYH*HOHEHHHYHHHHFHH2HFHHOHWYH
[e@. Dee[ejkej efceMeve III Debleie&le ` 50,000 keeseRee
-H-HPHHHHHV *HI FHHH KHW-HHDH LHH&HHPH
Deecner meppe Peeuees Deenesle.
71
9. meejmJele yeBke YeJeve (kee@heexjs meWj) :

LHOH-HHHDHH 'HQ-HHXHHOH PHEHHXHNH FHE>8HYHV 'HHKH&HHEPH
\H%NHVHV NHH#KHH[MVs PH:sM kPHHMP-HOH \H%NH <H-HYH keeee&efvJele
3HHXHHHV NH8HI-HXHV QHVOHV kPHHMP-HOH \H%NH <H-HYHHlHV 'HOHEOH
YeJe Je efoceeKeoej GodIeeve 19 mehWyej 2010
jespeer Deeheuee osMeeee eflevner mewveoueebee ecegKeebee
PHHIFHOHHUHV'H2HHQ-HH) RXHHFHJ.H6'HMHHU+HFHH0H XHFHH
HHU HRHUKH -HPHEOH YHH) NH KHHU-QHU6PH6FH -QHU6PH6FH6>HUPHHU
eebveer mehelveerke GheefmLele jentve kesues. leeefveefceeeves leee
efoJeMeer mebOeekeeUer jJeeR veeecebefoj esLes mebeeueke ceb[Ueves
menkeejer yeBeEkeie #es$eeleerue eefLeleeMe ceeveJejebvee Deecebef$ele
NHVXHV QHVOHV 'HHHI&H OHH-HV8HU OHHEHH H/HHVHIHOH PHONHHMQHU
NHM&HHOH'HHXHHPHQNHHMHVHHOHHUXHSHHFHHYH-HMHEHH.HHPH
PHONHHM'HHKHXHH\H%NHVOH+H[ NHM&HHOH'HHXHHOHHFHHYH-HMHEHHU
YHH-HV.HHXHHUXHHFHH&HV
1. cee. [e@. cegkegbo DeYebkej
ceepeer DeOe#e Je mebeeueke, kee@mecee@me kees- Dee@he. yeBke
HIXHKHJ&HVFHQHMHA
2. cee. eer. Sve.Sme. jeJe
'H2HH0HHFHMH-HHI-HXHNHHV'HH#KH\H%NHHIXHFHJE\H)
3. cee. eer. efJeeeOej JewMebheeeve
'H2HHH&HVSHYHOHHPHQNHHMHU\H%NHHIXHH&HVFHQHMHA
cee. eer. censMe Deejme
'H2HHYHH#/H NH#YHMHSHHU6PH\HHUNHHV'HH#KH\H%NHHIXHFHJ\E H)
5. cee. eer. iegueeyejeJe MesUkes
PHEP/HHKHNH'H2HHFHQHYHLHMNHHV'HH#KH\H%NHHIXHFHJ\E H)
6. cee. eer. meboerhe Ieveoe
FHHSHHU'H2HH'HHHI&HPHEHHXHNH'H<HJRHNHHV'HH#KH\H%NHHIXH
FHJ\E H)
7. cee. eer. veJeefveleYeeF& meer. hesue
GheeOe#e, keeuethetj keceefMe&eue kees-Dee@he. yeBke efue.,
Denceoeyeeo
8. cee. eer. kes.[er. Jeesje
'H2HHNHKHHVXHNHHV'HH#KH\H%NHHIXHFHJE\H)
9. cee. eer. Yeemkej kees"eJeos
'H2HHFHQHMHA'H\H YHNHHV'HH#KH\H%NH+HV>MV0HYHHIXH
FHJE\H)
10.cee. eer. efme.yee. De[metU
'H2HHFHJ\E H) 'H\H YHNHHV'HH#KH\H%NH+HV>MV0HYHHIXHFHJ\E H)
72
NHH#KHH[MVsPH:sM'HHOHHKHW&H KH&HV NHHHH HIY-HOH3HHXHV 'HHQV 'HHHI&H

yeBkesleerue meJe& ecegKe efJeYeeie kee@heexjs meWjceOes mLeueebleefjle
3HHXHV'HHQVOHP/HXHHEOHHIMOH3HHXHVXHVHI-H<HHLH.HHXHHUXHHFHH&HV
'H2HH*KHH2HH'HHHI&HNHHH NHHMHUPHEHHXHNHHEHVNHHHH XHH
meefeJe keeee&uee
SHYHPHEKHNH 'HHHI&HHHIPHHU-HSHHHIQMHOHNHHHH XHH
IeeTke yeBeEkeie JeJemeee
efkejkeesU yeBeEkeie JeJemeee
ìebOekees<e'- meele meefcceueerle yeBkeebee eespeveeye
JeJemeee efJeYeeie
uesKee efJeYeeie
XHV.HHKHMHUH&H'HHHI&HOHKHHPH&HHUHI-H<HHLH
SHHV.HHUFH'HHHI&HHHYH-H-HP/HHKHYHHI-H<HHLH
ceeveJe mebmeeOeve efJekeeme efJeYeeie
KXH#HIYHELH>V-QXHKHFH:s'HHHI&H'HH#KHMV0HYPHHI-H<HHLH
*OKH9H'HHHI&H.HH KHHIMHRHI-H<HHLH
keeeoe Je efJeOeer efJeYeeie
eMeemekeere efJeYeeie
'HHKHXHHU kPHHMP-HOH \H%NH <H-HYHl QHU H0HPOH -H HIRFHH.HRHM
Jeemlet Deeheueer meejmJele yeBke Yeejleeleerue menkeejer
\H%NHHEFH2HHUXH 'HH&HHU \H%NH 'HPHXHHHHU HHIHOHHU PHHOHOHHYHV
'HH&HWYHRVOHVHH)FHHMOHHUOHHUXH'HOHH2HJHIYHNHPHJPHSSHOHEHHHYH
Je Debleie&le mepeeJe, eecegUs Deeheueer yeBke ner meJe&Lee peeieefleke
POHMH-HMHUXH HI-HHHM2HHMH \HH8LH&HHMHU -H PH-H PHH2HHM&H
P/HHHIYHNHHEPHHHU PHHVHHUPHJHI-H2HH KHJMHI-H&HHMHU \H%NH 'HPHXHHHV
megefele kejles. yeBkesee kee@heex&js meWjee Deeieceve ke#eele
*<HH FHQHMHAHHV RZ-HOH -H PHQNHHMHHV RZ-HOH FQ&HSHVH
HHU HI-HXHHHV 'HHI2HgHYHXHH<HXHV 'HHQVQV HI-HHIROHNHM&HHPH
Deevebo nesle Deens.
10. ceeveJe mebmeeOeve efJekeeme :
ceeveJe mebmeeOeve efJekeeme efJeYeeie ne yeBkesleerue meJee&&le cenJeeee
HI-H<HHLHFHHYHXHHSHHOHHVNHFH HH1HHEHHUNHHFHHILHMHUQHUOHHEHHOH
'HPHXHVXHHLHJ&H-HHV-HM'H-HXHE\HWYH'HPHOHVFQ&HWYHH'HHKHXHH
yeBkesleerue kece&eejer ne leebeele DebleYet&le Demeuesuee Glke=
LHJ&H-HHVFHJ8VH'HHKHXHH yeBkesee ecegKe DeeOeejmlebYe yeveuesuee
'HHQVNHFH HH1HHEFH2HHUXH*ONHLHJ&H-HHVFHJ8VH'HHKHXHHU\H%NHQHU
'HHHI0HHH.HE>HOHHUXHYHHLHMHU PHQNHHMHU \H%NHHEFH2HV 'HH&HHU \H%NH
ceeveueer iesueer Deens.
'HHKHXHHU \H%NH QHU *H -HH-HPHHHIHNH 'HHHI&H HLHFHYH0HHUXH

RSHH PHHHU.HHOH'HHQV'HHKHXHH\H%NHVYHVFHHYH-HPHEPHH2HYHHHH
-H-HP/HHKHYHHXHH 'HHHI&H OHHHH HI-HNHHPHH-HM YHVQFHHUH <HM
HIRXHH 'HHQV \H%NHVHH PH-HNHH <HM<HMHsHUPHHHU 6NHW&H
-H-HPHHH-HHUPHHHU'HHHI&H*ONHHHQNHPHV-HVPHHHU'HHKHXHH
\H%NHVHV*HHI0HHIHOHHHI0HHIHOH'HHHI&HPH-H 'HYHJ<H-HHUNHFH HHMHU
\H%NHVHH PHEHHXHNH FHE>8HYHV M-HWYH HIRXHVXHH XHHHPHHHU
Skeefoueeves, efveehetJe&ke, meceefhe&le Je mekeejelceke YeeJevesves
NHHFH NHMOHHOH PHEKHXHVXHH 'HHHI/H NH -HHH OH NHFH HH1HHEHH
PH-HHLHHU&HHI-HNHHPHHPHHHU PHEHHXHNHFHE>8HYHVV KHJ^HUXHNHHH tHFH
jeyeefJeues :
De) eefMe#eCe :
'HHKHXHH\H%NHVHVNHFH HHMHUHHI0HH&HNH:-HH0HHUYH-HHUFHEJ\H)
esLes Deens. efJeYeeieere keeee&uee Je efJeefJeOe MeeKeebee
'HH-H0HNHOHVYHJPHHM NHFH HH1HHEYHH H-HV0H HHI0HH&H
HINHMNHHV8NHSH V-HHU PHENHXHYHOHPHVHNHSH HI-HOHM&HHHH
meboYee&le DeeJeMeke les %eeve hegjefJeues peeles. lemese
-H-HP/HHKHNHHUHNHFH HH1HHEPHHHU-H-HP/HHKHYHNHHZ0HXHH-HM
FHHLH R0H YHKHM HHI0HH&HHHV 'H<HHPH-HLH 'HHHHVHISHOH NHVXHV
SHHOHHOH\H%NHVHHPHV-HVOH'HPHXHVXHV NHFH HHMHU OHHHHFHH&HV
YH-HHIYHHJH NHFH HHMHU 'HHHI&H \HHQVMHH \H%NHVOHWYH HINHE-HH
PHEP/HVOHWYH'HHKH&HHIYH-H>XHVXHV -H'HHKHXHH\H%NHVOHNHHH MOH
'HPHXHVXHV 'HYHJ<H-HHU NHFH HHMHU HHPH-HHYHHU HHHHI0HH&HHHH
+HHHRH ,HVOHXHH HH HHI0HH&HHHMV PH-H NHFH HH1HHEYHH
'HHKHXHH \H%NHVPHER<HH OHHUXH FHHHIQOHHU 'HHKHXHH V-HHURHMHEYHH
'HHHI&H NHSH 2HHMNHHEYHH RV7 NHVXHVXHH HI-HHI-H2H HNHHMHH
V-HHU -H NHSHHHHU FHHHIQOHHU 'HHKHXHHU PHELH&HNH H&HHXHHU
PH-H PHH2HHM&H \H%H(NHLH 'HHHI&H HHQNHHEYHH *KHXH\2H NH{YH
efouesuee efJeefJeOe mesJee Je megefJeOeebmeboYee&le eefMeef#ele kesues
SHHOHV\H%NHVHHHI-HHI-H2HPHV-HH-H*OKHHRYHVHHEHHHI-HKH&HYHHHV
%eeve lemese eenkemesJesee leb$e ceb$e efMekeefJeuee peelees.
QV HHI0HH&H 'HHKHXHH NHFH HHMHU HHI0HH&H NH:HOH OHPHVH
FHJE\H) \HHQVMHUXH 0HH.HHEPHHHU OHH OHH 0HH.HVOH HHI0HHNH
KHH-HWYH HIRXHV SHHOHV 'HQ-HHXH -HHH OH HHI0HH&HHHV 6NHW&H
'H<HHPHtHFH ,HVOHXHV LHVXHV OHHHH +HHHRH
-H-HP/HHKHNHHUHNHFH HHMHU 'HHHI&HHIXHHIKHNHLHsHOHHUXH
NHFH HHMHU'H0HH6NHW&HNHFH HH1HHEYHHU,HVOHXHH.HHPH
HI-HHHHEOHHUXHHHYHHPHHHUNHHQHU-H-HP/HHKHNHHUHNHFH HH1HHEYHH
)OHM FHHYH-HM HI0HH&H PHEP/HHEFH2HV HHI0HH&HHPHHHU
KHHHI-H&HHOH 'HHXHV NHFH HH1HHEFH2HV HHI0HH&HHHV FHQ-H
\HH&HHI-H&HHPHHHU OHPHVH HIYH&H HHFHOHH SHHVKHHPH&HHPHHHU
'HHHI&H\H%H(NHLHHVHHOHHHHI-H&HHIFH8HI-H&HHPHHHU \H%NHVHH
HHI0HH&HNH:HYHVNHHQHUYH-HHUYH*KHtHFHMH\HHI-HXHV
\H%H(NHLHPHER<HH OHHUXH HI-HHHHOH HHHI-H&H HIFH8HI-H&HHPHHHU
mejeJe hejer#ee lemese lee lee efJe<eeeleerue ceeefnleer osTve
NHFH HH1HHEYHH IIBF) meef&efHekes keesme& lemese yeBeEkeie
HI>KXHHVFHHKHMHUHVPH\HPH&HHPHHHU*HJHNHVXHV
kFH2HJPH-HlHH\H%NHVHHKHHHIHNHHHHFHH2HFHHOHWYHHOHVNH
hebOejJe[eeuee Deeheues yeBeEkeiemeboYee&leerue %eeve leheemetve
KHHQ&HHPHHHU 'HHWNH *HMHEPHQ 6NH PHRM 'HHKHXHH
NHFH HHMHUHHI0HH&HNH:HHMVHNHHHI0HOHNHVXHVV
PH-H NHFH HH1HHEPHHHU \H%H(NHLHHHYHHPHER<HH OHPHELH&HNHHHH
ceoleerves Skeee JesUer hejer#ee Deeeesefpele kesuee.
ye) veJeerve kece&&eejer-DeefOekeeNeebeer Yejleer :
eeJe<eea yeBkeseer JeJemeeeJe=er lemese MeeKeeefJemleej
ee ieeser Oeeveer IesTve, mebeeueke ceb[Ueves veJeerve
NHFH HH1HHEHHU <HMOHHU NHVXHHU HH -HH <HMHOH \H%NHVYHV 6NHW&H
YH-HHUYH NHFH HH1HHEHHU <HMOHHU NHVXHHU OHHOH 6NH
GeeefOekeejer, 72 JeJemLeehekeere DeefOekeejer (peeleerue
'HHI2HNHHMHU QV )OHM\H%NHHEOHHUXHPHEP/HHEFH2HHUXH'HYHJ<H-HHU
'HHI2HNHHMHU 'HHQVOH OHPHVH HIXHHIKHNH )OHHRHU
NHFH HHMHU 'HHQVOHHIYH-H>NH{YH\H%NHVOHYHVFH&HWNHNHVXHVXHH
NHFH HH1HHEKHZNHHU NHFH HHMHU k'HHV&HHUOH
NHFH HHMHU k\HHV&HHUOH'HHHI&H6NHNHFH HHMHU kNHHV&HHUOH
YHVFH&HHOH'HHXHV
ke) ye{leereer eefeee :
\H%NHVHHU-HHÔH'HPHXHVXHHUHHE>-H-HPHHH-HHU'HHHI&H0HH.HH
HI-HPOHHMXHHHOH,HV7YHOHPHVHNHFH HH1HHEHHU-HHÔHHULHJ&H-HHH
Je hee$elee ue#eele IesTve mebeeueke ceb[Ueves JeJemLeehekeere
'HHHI&HPH-H POHMHE-HM\HÔHHURV&HHHHUHHItHHHPHJ{NHVXHHU
ee ye{leerejs JeJemLeeheveeves yeBkesDebleie&le peebveer eebieuee
0HZHHI&HNHKHR-HHPHEKHHRYHNHVXHH'HHQVOHSHHEHHULHJ&H-HHH
-H 3HVKH HHELHXHHU 'HHQV -H SHV \H%NHVHH HUYHV FHHVFHHVHU
SH\HH\HRHMHU KHVXHW 0HNHOHHUXH 'H0HH NHFH HH1HHEYHH KHRHV9HOHHU
efoueer. yeBkesee leeUsyeboeleerue Deeke[sJeejerves mhe Peeuesuee
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V-HH5HH SHHVMRHM
QHV) XH
HI-HKH&HYHHPHHHU CFHHNH[ H(sLH 'H#Y> 'HH#KHMV0HYPH
QHU
keeceefiejervegmeej Jeeef<e&&ke heieejJee{ Je Gespeve efouee
4. efJeheCeve JeJemLesmee"er mJeleb$e eespeveeye JeJemeee
SHH&HH1HH HV&HHUEHHU HIYHHIFH OHHU NH{YH PHJFHHMV
efJeYeeie ( ceekex&eEie Smed. yeer. et.) :
NHFH HH1HHEHHUHIYHHJ-HOHHUOHHHV&HHUOHNHVXHHUOHHOH6NH
HH KHW-HHDHH NHH8HOH HHQNH \H%NHH5LH -H-HQHMHPHHHU
meneeke ceneJeJemLeeheke, 127 JeJemLeeheke,
yeBkeske[s esle Demele, eesie DeMee yeBkesee MeesOe Iesle
HIXHKHHUNH-HNHHHH XHHHUYHPHQHHNH'HHQVOH
'HPHOH-H\H%NHVHHPHV-HVHHU FHHLH&HHU NHMHUOH'HPHOH-HOHH
PHMHPHMHU -HHH.HHXHHUXH HI-HKH&HYHHOHHUXH NHHZ0HXH
ceeOeceeletve yeBkeseer JeJemeeeJe=ef nesle Demes. Deeleeee
'HPH&HH1HHHHNHHQHU'HYHJ<H-HHU-HNHHQHUYH-HHUYHRFHRHM
keeUele eenkeebee Iejer eEkeJee leeee JeJemeeeeee
'HHHI&H 'HHNHH NH -HHI-HOHFH-H 'HPH&HH1HH HJ-HNH
HINHH&HHU -H-HPHHH-HHUPHHHU 'HHHI&H HHQNHHEHH LHMSHH
HJ-HOHHUEHH PHQ<HHLHHYHV
NHHPHH
V-HHU PHENHXHYHHPHHHU
'HHV8.HWYHOHHEHHKHWOH OHVPHHHU\H%NHVYHVSHH&HHHHULHMSH'HHQV
SHHVMRHMFHHNH[ H(sLHFHHVQHUFHMH\HHI-H&HV'HH-H0HNHQHVOHV
OHHPHHHU \H%NHVYHV 'HHKHXHHPH-H PHV-HHPHJHI-H2HHHHQNHHEKHHOH
PHEHHXHNHFHE>8HYHV'H0HHFHHNH[ H(sLHPHHHU.HHPHHIYHHJH
KHHVQHVHHI-H&HHPHHHU *H RSHH HHU HI-HKH&HYH -H-HP/HH
NHVXHVXHHNHFH HH1HHEHHU PHE.HH6NHW&HNHFH HH1HHEHH
MH\HHI-H&HHHVMHI-HXHV'HHQVPHEHHXHNHFHE>8HYHVOHHNHHIMOHH
s-HNHV)OHNHHUQHVOHHU
P-HOHEHHHVSHYHH\H-H-HPHHHHI-H<HHLHP/HHKH&HHHVHHVHISHXHV
'HHQVPHJ{-HHOHHUXHHHHHI-H<HHLHHOHPH-H /HMHOHHUXHNHFH HHMHU PHEHHXHNH FHE>8HYHV OH{&H HHQNHHEYHH 'HHNHHIH OH
NHM&HHEHH QVOHWYHV \H%NHVHHU \H%Y>-Q#XHW (Brand
PHFHHHI-H NHM&HHOH HVOHHUXH QH HI-H<HHLH PHKs:\HM
Value) -HH^HI-H&HHHHU HHVLHNHHH -HHQHU NHHZ0HXHHYHV
KHHPHJYHNHHHH HYI -HOHNHM&HHHVHHVHSI HXHV'HHQV
kesueer. meJeeiemegboj YeJe kee@heex&js meWj, MeeKeebes
5. keemee "sJeeRes efJeheCeve-2011-12 `keemee Je<e&'& peenerj :
'HHHH-HOH -H 'HHNHH NH YHWOHYHHUNHM&H 'HHNHH NH
mebeeueke ceb[Ueves JeJemeeeJe=ereer otjieeceer cenJeekeeb#eer
SHHQHUMHOH +HXHNH FHHNHV H(sLH HR0H YHV 'HHHI&H PH-HH OH
*HIVMHI-HOHHYHHHHH-H-HPHHH-HHUOHWYHYH+HHHFHOHHQHU
FHQ-HHHVFQ&HSHV\H%NHVHH*SS-HXH-HHsHHXHHUHVHHVOHNH
Jee{ueer heeefnpes, eeeer keeUpeer eke<ee&&ves Iesleueer Deens.
Demeuesues yeBkeses veJeerve jmejMeerle yeesOeefevn eecegUs
HIYH--H8 -HHSH NHFHH) 'HHKH&H SHHPOHHUOH SHHPOH -HH^-HW
ll\H%> PHHMP-HOH \H%NHll YHV SHYHFHHYHPHHEOH 6NH HI-H0HVH
Mekeuees leje Deeheuee veHee Je=efbiele nesT Mekelees. ee
PHH HIYHFHH &H NHVXHH -H 'HPHE.H YH-HHUYH HHQNHHEYHH
KHHIMHIP/HOHHUHHU SHH&HHU-HV-HWYHV-HH5-HMHUXH-HHSH.HH NHFHHU
\H%NHVNH>V 'HHNHHIH OHNHVXHVHH\H%>HIYHHIFH OHHUHHCNHHPHH

NHM&HV'HHHI&HNHSHH-HMHUXH-HHSHHIFH8NHOH-HH^HI-H&HVHHHH
V-HHUHH-HH^HUPHHHU+HHHRHQHV&HV'HKHVHIHOHQHVOHV
PHHOHOHHYHV HHOYH NHM&HV 'HH-H0HNH 'HHQV HHQNHHEYHH
V-HHU-HNHSHH-HM'HHNHH NH-HHSHRMRV&HHHHUPKH2HH OFHNH PHEHHXHNH FHE>8HYHV OHEHHHYH PHJHI-H2HHEFH2HV HLHOHHU
NHM&HHPHHHU 'HHKHXHH FHHXHNHHUHH CPHHMP-HOH
NHPHMOHNHMOHHYHHHNHFHHU -HHSHRMHHH
NHHPHH
V-HH5YHH
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HH*KHNHEKHYHHUPHHHUCNHHV'HM\H%H(NHLH
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H&HHXHHU
.HMVRHU NH{YHHHH&HHXHHUHHOHHEHIHNHvHH
NHHPHH
V-HHU-HH^HI-H&HHPHHHUPHEHHXHNHFHE>8HYHV.HHXHHUXH
FHQ-HKHW&H HI-HNHHPH NH{YH \H%NHVPHHHU OHPHVH )OHM
efJeefJeOe Gheeeeespevee jeyeefJeuee:
77
PKH2HH OFHNHRMHYHV NH0HNH&HHMYHHQHUOHPHVH'HHKHXHH

HHQNHHEPHHHU HLHOHOHEHHHYHPHV-HHKHJMHI-H&HHHV *HI
V-HHURHMHEYHHFHJROHV-HH5-HMPHJH'HHNHH NH-HHSHRMRV7
meeOe kesues.
0HNH&HHM YHHQHU FQ&HWYHH HVOHH KHHH -HHHOH CNHHPHH

CNHHPHH
V-HH5HHPHENHXHYHHPHHHUPH-H 0H-HOHHU6NH-HsWYH
V-HH5HVHFHH&H6NHW&HV-HH5HHs-H-HHHEKHHOHYHV&HHHH
\H%NHVHHNHFH HHMHU'HHI2HNHH1HHEYHHHHOYHNHMOHHHH-HVOH
yeBkesee efveOee&&j Demetve, leevegmeej ceeveJe mebmeeOeve efJekeeme
HHQVOHWYHVHH-HV8HU'HHKH&H
FQH>H
'HHHI&H
'HH2HHM
HH
efJeYeeieeee ceoleerves eesie heeJeues Geueueer peeleerue.
ekeuheeceOes menYeeie Ieeeee veener, Demes mebeeueke
kece&&eejer Je DeefOekeejer eebee Jesleve kejejeblener keemee
FHE>8HYHVMHI-HXHVPH-H 0HH.HHEYHHUCNHHPHH
V-HH5-HMKHW&H
V-HH5HH-HHUPHE\H2HHUNHHQHUOHMOHWRH5HH'HEOH<HH -HNHM&HHOH
XHHNH:HTOHNHM&HHPHHHUQHHIYH&H H,HV&HHOH'HHXHH
HV&HHM'HHQVPHKsVE\HMKHHPHWYHFHHNHV H(sLHPHHHU
OHHHHPHJHHVLHKHHIM&HHFH'HKHVHIHOHQHVOHH
mJeleb$e eespeveeye JeJemeee efJeYeeie (SBU) PHJ{NH{YH
6) mebeeueke ceb[Ueves, meejmJele yeBkesee emeej efJeefJeOe
NHHPHH V-HH5HH PHENHXHYHH-HM HI-H0HVH <HM HIRXHH SHH&HHM
FHQ-HHHHHINHH&HHUNHM&HHPHHHU0HH.HHHI-HPOHHMHHH
'HHQV FQ&HWYHH mebeeueke ceb[Ueves 2011-12 ns Je<e&
C'HHFHV2H
*KHtHFHHHMV'HYHVNHYH-HHUYH0HH.HHPHJ{NHVXHH
lNHHPHH-HH lFQ&HWYHSHHQHUMNHVXHV'HHQV
ee veJeerve MeeKeebee ceeOeceeletve Deeheuee Jee{lee
H0HHHV{KHHEOHMNHHPHHV-HHU-HHUOH'HKHVHI HOHQHVOHV
6. ceeeees Heeeveevme ekeuhe :
PHEHHXHNH FHE>8HYHV 0HH.HHHI2HNHH1HHEYHH -H NHFH HHMHU
Deeheuee mebeeueke ceb[Ueves, 2008-2009 heemetve
'HHI2HNHH1HHEYHH)OHMPHEP/HHEHH*OKHHRYHHHH/H> KHHsHD
HHFHHU&H -H HIYHFH0HQMHU HI-H<HHLHHEFH2HHUXH LHMHU\H QHVOHNH{
HH#>-Hs HI-HKH&HYHHKHVHH PHHMP-HOH \H%NHVHH HI-HHI-H2H
FHHIQXHH*HHVSHNHHEYHH-H\HHOHLHsHEYHH*HVSHYH'HHHI&H'HH2HHM
*OKHHRYHHEHV HI-HKH&HYH-HHPHHMNHM&HHPHHHU 'HHI2HNH
RV&HHPHHHU 'HHKHXHH FHHHtHHV +HHHYHHYPH HHVSHYHVHH
HH2HHYHRV&HHHHPHWHYHHHIRXHHHHOHWYHNHHPHH-HHI
HPHHM NHM&HHHV MHI-HXHV -H OHHHHU 'HEFHXH\HSHH-H&HHU
Dehesef#ele nesleer.
\H%NHVHHRHIH&HHI-H<HHLHHFHJ.HHE-HMPHHVKHHI-HXHHUOHHYHJPHHM
*KHHISHHI-HNHVPHHHU HIFH8NHOHHUHV XHQHYH XHQHYH -HZ2H *HHVLH
PHEHHXHNHFHE>8HHHPHWHYHVYHJPHHMHHI0HH&HNH:HEHMV
NHM&HHMVNHHMHLHHUM+H8<HHSHHUKHHXHHRW2HFHHPHVHI-HtHVOHV
NHFH HHMHU 'HHI2HNHH1HHEPHHHU \H%NHVHH *OKHHRYHHEHI-HHHHU
\HHE\HWEKHHPHWYH sHVKHXHH 3HH>W )OHHRHU -HPOHW \HYHHI-H&HHMV
FHHHIQOHHU NH{YH RV&HHMV -H OHHEHH HI-HKH&HYHHHI-HHHHUHV
HI-H0HVH'H<HHPHtHFH'HHHHVHISHOHNHM&HHOH'HHXHV
NHHMHLHHUM 0HV8HUKHHXHYH NHJ-HNHJsKHHXHYH NHM&HHMV HVsV
Geespeke, megleej, ueesnej, eEMeheer, vneJeer eemeejKes
mebeeueke ceb[Ueee ee DeLeke eeesieeveblejner, `keemee'
HVsV -HH-HPHHHIHNHKHHKH>XHHV&HHHU -H)OHM.HHHKHRH/H
V-HHUHH-HHUOH'HKHVHIHOHH0H'HHKHXHHXHHHIFH8HXHV YHHQHU
\HYHHI-H&HH1HH FHHIQXHH 'H0HH 'HOHXKH *OKH9H 'HPH&HH1HH
ns DeefleMee Kesopeveke Deens. 31 ceee& 2011 jespeer
PHFHHSHHOHHUXH HIYHFYHPOHMHOHHUXH LHMHU\H QHVOHNH{EYHH HH
'HHKHXHH\H%NHVHHlNHHPHHlV-HHU 6NHW&H\H%NHVHHV-HH5HH
eespevesWleie&&le jlveeefiejer Je eEmeOegogie&& efpeuneeletve megceejs
28.88%'HHQVOH)OHMNHHQHUPHH-H SHHIYHNH\H%NHH-HYHHLHMHU
SH&HHEYHH `292.58 ueeKeebeer ueneve ueneve
PHQNHHMHU\H%NHHEHHOHJXHYHVOH'HHKHXHH\H%NHVHVCNHHPHH
V-HH5HV
MNHFHVHHU NHSH[ *KHXH\2H NH{YH RV&HHOH 'HHXHHU HH
HFHH&H'HSHWYHQHU NHFHHU 'HHQV -HOHHEHHU s-HNHV-HHMHU PHOHOH
NHSHHKHZNHHU'HYHJOKHHHIROHNHSHHHVHFHH&HNHV-H8s-HNHV
keceer nesle Deens, eeeer mebeeueke ceb[Ueuee Keble Deens.
'HHKHXHHPHEHHXHNHFHE>8HXHHHHHHUSHH&HHU-H'HHQVNHHUSHM
)OHNHV'HHSH'HHQVHHHHVSHYHVXHHHIFH8HXHVXHHHHIOHPHHR-H
lNHHPHHlV-HHU 'H0HHFHERLHOHHUYHV -HH^XHH-H\H%NHVHHU NHV-H8
NHSH HI-HOHM&H 'HHHI&H NHSH -HPHJXHHU HH\HH\HOHHUOHHUXH *HFH
)OHM \HH\HOHHUOH -H-HPHHH-HHI 3HHXHHU OHM OHH -HHIHH
NHHFHHILHMHUFHJ8V 'HHOHH QHU NHSH HHVSHYHH HI-HNHHIPHOH NH{YH
'HKHVHIHOHKHHIM&HHFH\H%NHVHHYH+HHHFH2HV HIRPH&HHMYHHQHU
H/HFHOHFHQHMHHAOHHUXH)OHMHTSHXQHHOHWYHQHUOHPHVHLHHV-HH
NHHPHHl V-HHUHH 'H0HH PHE/H -HH^HUFHJ8V 'HHKHXHH 6NHW&H

MHSHHOHQHUMH\HHI-H&HHHHPHEHHXHNHFHE>8HHHFHHYHPH'HHQV
V-HH5HH-HHSH.HHH OH-HH^QHV&HHM-HKHHIM&HHFHHU'HHKHXHH
\H%NHVYHV FHHHtHHV +HHHYHHYPH*KHNHEKHYHHU PHJ{NHM&HHPHHHU
HI-HHI-H2H NHSHHHV -HHSHRM )OHM \H%NHHEHH OHJXHYHVOH H^V
efjPeJn&& yeBkeske[s efJevebleer Depe&&ner kesuee Deens. yeBkesee efjsue
MHQOHHUXH'HHHI&H'HHKH&H'HHKHXHHNHSH RHMHEYHHNHSH KHJM-HH
efJeYeeie ee mebyebOeereer keee&&Jeener kejerue.
78
7. yengYeeef<eke Jeeef<e&ke DenJeeue :

iesuee 93 Je<eele meejmJele yeBke nee Skee ueneveMee
PHQNHHMHU\H%NHVHV<HHMOHHOHHUXHH/HFHtHFHHNHHEHHPH-H HVg
YHHLHMHUPHQNHHMHU\H%NHVOH3HHXHVXHV{KHHEOHM'HHKH&HKHHHIQXHVXHV
'HHQVHHHRHU,H H-HHPHHOH'HHKH&H` 25,000 keeseRee
JeJemeeeeee hheemege heej kesuee Deens. iesuee keener
Je<eeleerue Deeheuee yeBkesee megmet$e keee&heleercegUs efjPeJn&
yeBkesves Deeheueeuee eeeJe<eea& osMeebleie&le 28 jepeebes
lemese 7 keWMeeefmele eosMeebes keee&&#es$e cebpetj kesues Deens.
FQ&HWYHHSHHMHSHHOH\H%NHVHHKHVHHSHHPOH0HH.HH
keee&Jeenerle Deensle, lee jepeeee jepeYee<esceOes
-HHHIH NH'HQ-HHXHNHH^&HHHV PHEHHXHNHFHE>8HYHV MHI-HXHV
'HHQV PH2HH FHQHMHAHOH 'HHKHXHH 0HH.HH
NHHHH HIY-HOH'HHQVOH'HHHI&H)OHMNHHV&HOHHQHUMHSHHOH'HSHWYH
'HHKHXHH 6NHW&H 0HH.HH NHHH MOH YHHQHUOH FQ&HWYHH
HH'HQ-HHXHNHV-H8FHMHHUOHWYHPHEHIHKOH{KHHOH
HIRXHH 'HHQV SHH PH<HHPHRHEYHH FHMHHU <HHHVOH -HHHIH NH
DenJeeue nJee Demesue leebveer ee DenJeeueemeesyele he=
tH -HM HIRXHVXHH 'HSH C'H
<HYH 'HHKHXHH 0HV'HM
HI-H<HHLHHNH>V KHHHI-H&HHHHU -H-HP/HH NHMH-HHU OHHHFHH&HV
OHHEYHH KHHPHWYH FHMHHU -HHHIH NH 'HQ-HHXH
KHHHI-H&HHOHHV) XH
8. heee&JejCehetjke keee&&Jeeneree mJeerkeej :
'HH2HJHIYHNH OHEHHHYHHHH -HHKHM NH{YH -H KHHH -HM&H
PHJMHIHOHOHVHHU \HHEHI2HXHNHHU P-HHUNHH{YH
ee DeeefLe&ke Je<ee&heemetve Deeheuee Jeeef<e&ke DenJeeue,
<HHLH2HHMNHHEYHH ) FHVXHHMV KHHHI-H&HHOH HV) XH HH
'HQ-HHXHHPHHV\HOHKHgtH-HMHIRXHVXHV PHEFHOHHUKHH
<HYH'HHFHHH0HV'HMHI-H<HHLHHPHNH8HI-HXHHPHOHHHFHH&HV
-HHHIH NH'HQ-HHXH'HHKHXHH) FHVXH-HMKHHHI-H&HHOHHV) XH
9. `ceOegmeJe' heeef#eke Deelee Fbepeerletvener :
NHFH HHMHU-HLHH OH \H%NHVHH 2HVH2HHVM&HHOHHUXH FHJXHHIYHgH
-H HI-HHHM KHHVQHVHHI-H&HHHV FHQ-HHHV NHHFH CFH2HJPH-H

NHMHUOH 'HHQV lFH2HJPH-HlHH FHH2HFHHOHWYH 'HHKHXHH
\H%NHVHHNHHH -HHQHUHVP-HKH-H,HHV>RHZ>NHFH HH1HHEPHFHHVM
PHOHOH V-H&HHOH HVOHV 'HHOHH 'HHKHXHH 'HYHVNH MHSHHEOH
0HH.HHPHJ{QHVOH'HHQVOHOHV/HV \H%NHVYHV P/HHHIYHNHXHHVNHHEHHU
<HMOHHU NHVXHHU 'HHQVOHHEYHHFHMHHUOHHUXH
FH2HJPH-H
-HHHOHH
HVOH YHHQHU FQ&HWYH 'HHOHH CFH2HJPH-H
KHHHIHNH PHEKHW&H KH&HV
)EHSHHUOHWYHQHU NHH^&HHOH HV&HHM 'HHQV QH KHHIQXHH 'HENH

PHKs:\HMMHVSHHUHNHHHI0HOHNHM&HHOHHV) XH
12. JeeJemeeefeke keee&eCeeueer hegvej&evee (BPR) :
mebeeueke ceb[Ueves vesnceere eebieuee eLee Je mebjevee heejoMe&kelesves
jeyeJetve yeBkesee JeJemeee Jee{efJeuee Deens. JeeJemeeefeke
NHHH H&HHXHHUKHJYHM HYHV'HEOHLH OH.HHXHHUXH*KHtHFHMH\HHI-H&HHOH'HHXHV
'HQ-HHXH-HHHD RHIH&HFHJE\H) OHYHMHUFHYHKHH#)EsHV/HV 'HHHI&H
FH2HFHJE\H) OHRHRMHV/HV'H0HHURHVYH6PH6FH) XH,HJFH2HFH
*HHVLHNH:VNHHHH HIY-HOHNHM&HHOH'HHXHHU'HHQVOH\H%NHVYHV
PHFFHHUHIXHOH\H%NHHEHHHHVSHYHH\H-H-HPHHHHI-H<HHLHHPHHHU
NHSH HHItHHHNH:PHJH (Credit Processing Centre)
keeee&efvJele kesues Deens.
HH-HHHD HI-HRV0H -HHKHHM NHSH HHItHHH NH: (Trade
Finance Processing Centre) PHJ{ NHM&HHHH
\H%NHVHHFHYHHVRH'HHQVHIM3H-Q \H%NHVYHVHHHHItHHHNH:HXHH
vegkeleere hejJeeveieer efoueer Deens. ns keW ueJekeje
kFH2HJHHUl-HH0HHUYH-HHUFHJE\H) HV/HVNHHHH HIY-HOHQHV) XH
13. mecceerefuekejCeees cetueceeheve (iebOekees<e) :
mebeeueke ceb[Ueves -HH KHHPHWYH6NHW&HPHHOHPHQNHHMHU
yeBkee Deeheuee yeBkesle mecceerefuele kesuee. ee meelener yeBkeebeer
KHHIMFHE>8NHHHH XHHV-H0HH.HH'HHSH\H%NHVPHHHU*HFH-H-HPHHH
kejerle Deensle. yeBkesee veHeener Je=efbiele kejerle Deensle. ee
PHFFHHUHIXHOH \H%NHHEHH 0HH.HHE-HM HI-H0HVH XHH V-H&HHPHHHU
'HHHI&H OHHEHHU NHHH HFHOHH -HH^HI-H&HHPHHHU mebeeueke
ceb[Ueves kLHE2HNHHVHl HH HHVSHYHH\H -H-HPHHH HI-H<HHLHHHHU
Dee@iem 2009 ceOes mLeehevee kesueer. ee efJeYeeieeuee Dee@iem
FH2HV6NH-HH KHW&H 3HHXHV
kLHE2HNHHVHl HI-H<HHLHHHH HLHOHHUHH 'HH^H-HH ,HV&HHPHHHU
ee efJeYeeieeee DeKeleejerleerue MeeKeebee meJe&&
MeeKeeJeJemLeehekeebeer meYee efoveebke 21 Je 22 Dee@iem
MHVSHHU ,HV&HHOH'HHXHHUHHPH<HVOHkLHE2HNHHVHlNHHIMOHH
KHJ^HUXH*HIV*RG2HOHNHM&HHOH'HHXHHU

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-H-HPHHHHHV*HIKHW&H NHM&HV
PHHOH PHFFHHUHIXHOH \H%NHHEHH PHFFHHUHIXHNHM&HH HIR-H0HHU
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kepex 31 ceee& 2016 heele ` 75.00 keeseRheele
NHFHHUNHM&HV
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PHHOH \H%NHH PHFFHHUHIXHOH NHM&HHKHHVsHU PHHMP-HOH \H%NHVYHV

mJeleee iebieepeUerletve Kee& kesuesues ` 278.29 keeser
PHHMP-HOH\H%NHVXHHFHHH KHHOHKHMOHNHM&HV
kLHE2HNHHVHlHI-H<HHLHHHMV*HOHFHHHIOHNHFH HHMHU-H-HPHHH
NHM&HV -H YH+HH HIFH8HI-H&HV YH-HYH-HHUYH HHQNH HIFH8HI-H&HV
'HHHI&H*ONHHHQNHPHV-HVHMVkLHE2HNHHVHlQH6NH'HHR0H
HI-H<HHLH SH&HJ C\H%NHVOHHUXH 6NH \H%NH
'H0HH P-HOHEHOHVYHV
HHXHHI-H&HV
FHJE\H) KHJ&HVRHIH&H'HHHI&H*HMFHQHMHALHJSHMHOH-H
*HM<HHMOHHOH0HH.HHEHHHI-HPOHHMNHM&HV
kLHE2HNHHVHlHHU P/HHKHYHH 3HHXHHYHEOHM PHFFHHUHIXHOH \H%NHHEHH
NHHFHHILHMHU-HM'HHKHXHHXHHHI-H0HVHXHHV-HOHH'HHXHV'HHHI/H NH
-HH FH2HV kLHE2HNHHVHl HI-H<HHLHHHH -H-HPHHH
'HH&H.HHU HI-HPOHHMXHH CLHE2HNHHVH
YHV NHVXHVXHH LHVXHH HHM
Je<eeleerue JeJemeee Je keeceefiejeree leheMeerue Keeueerue leee
tHFH2HVHIRXHH'HHQV
leee e. 2 - ìebOekees<e' efJeYeeieeeer keeceefiejer
(`
keeseRceOes)
PHFFHHUHIXHNHM&HNHM&HHOH'HHXHVXHHPHHOH\H%NHHEHHOHH-HV8HH
6NHW&H-H-HPHHH
FHHH MHVSHHU6NHW&H-H-HPHHH

FHHH MHVSHHU6NHW&H-H-HPHHH
5,790.11
XHHHOH HVOHV NHHU kLHE2HNHHVHl HI-H<HHLHHHH 6NHW&H -H-HPHHH

PHFFHHUHIXHNHM&HHHH -HV8VKHHPHWYH ` NHHVsH5-H{YH
31 ceee& 2011 jespeer ` 5,790.11 keeserbheele
KHHVQHVHXHH HHOH 'HHKHXHH \H%NHVYHV 'HHSHOHHLHHHOH 6NHW&H -HH^
ner `NHHVsH5)OHNHHUNHVXHHU'HHSHKHHOHHHU6NHW&H
JeJemeee Jee{ ner 205.58 SJe{er Deens.
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15.06.2010
03.07.2010
03.07.2010
03.07.2010
05.08.2010
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11.08.2010
11.08.2010
23.09.2010
23.09.2010
23.09.2010
01.11.2010
02.11.2010

05.01.2011
18.01.2011
05.02.2011
05.02.2011
29.03.2011
29.03.2011
29.03.2011
29.03.2011
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leee e. 4 - veJeerve MeeKee-cegueceeheve :

MeeKeebeer mebKee
"sJeer
kepex
SketCe
JeJemeee
(` keeseRceOes)
veHee/
leese
'HYH+HHHOHHUXH0HH.HH
13 1,807.87 29.12
ye) leeseeleerue MeeKee
50
SketCe (De+ye)
63 909.07 1,743.26 2,652.33 18.98
HHOHHHH-HYH'HPHVXHHHOHHVOHVNHHUYH-HHUYH*,H>XHVXHH0HH.HH
\H%NHVHH6NHW&H-H-HPHHHHOH'HHHI&HYH+HHHFH2HVHIYHHI~HOHH<HM
ekele Deensle. lemese Deeheuee mebeeueke ceb[Ueee veJeerve
0HH.HH*,H>&HHHH*KHtHFH-H-HPHHH-HHUHHHINHHVYHHOHWYH
efveefelee eMemJeer nesle Deens.
15. peesKeerce JeJemLeeheve :
ns meJe&ceeve Deens keer, yeBkesee eleske JeJenejele peesKeerce
ner DebleYet&lee Demeles. leecegUs leer peesKeerce JesUere DeesUKetve
OHH-HMRV.HMV.H-HHIYHHEH&HV-H&HVQVSHHV.HHUFH-H-HP/HHKHYHHHV
cenJeees keee& Deens. yeBke JeJenejeleerue peesKeerce ner
KHW&H OHhsH8OHHHVOHYHHQHUKHMEOHJ OHHU NHFHHU NHMOHHHVOHV'H0HH
HNHHMHH \H%NH -H-HQHMHOHHUXH PH-H SHHV.HHUFHH -H-HHIP/HOHKH&HV
QHOHH8&HHPHHHU PHEHHXHNH FHE>8HYHV FH2HV SHHV.HHUFH
-H-HP/HHKHYH HI-H<HHLHHHHU P/HHKHYHH NHVXHHU -H OHHPHHHU OHH -H
HHI0HHIHOHNHFH HH1HHEHHUHIYHHJHIHNHVXHHU'HHQVNHSHH HH'HH^H-HH
,HV&HVNHSHH HVFHWXHFHHKHYHNHM&HVNHSH FHESHJMHUYHEOHMHHHHItHHH
OHKHHPHWYH SHHV.HHUFH 'HHsHVNHHHOH MHQHUXH HHHHU .H\HMRHMHU
,HV&HV OHPHVH SHHU NHSH .HHOHHU 'H0HHKH&HH R0H HI-HOHHOH 'H0HH
kepe&Keeleebeer JesUere oKeue IesTve leebeer Jemegueer DeLeJee
OHHEHV PHELHHVKHYH -H-HHIP/HOHMHUOHH NHM&HV OHPHVH V-HH5-HMHUXH
-HHSHHHV RM 'HHHI&H NHSHH-HMHUXH -HHSHHHV RM HHFH2HV
'HPHXHVXHHU SHHV.HHUFH HHHH OHHVXH PHHE<HH8&HV HTM3H-Q \H%NH
'HH#+H)EHI>HHYHVMH\HHI-HXHVXHHk'HHKHXHHHHQNH'HHV8.HHl(Know
Your Customer) HH2HHVM&HHHVKHHXHYHNHM&HV.HHOHHOHXHH
FHHVFHHVvHH MNHFHHEHHU RV-HH&H,HV-HH&H HH-HM NHHsVNHHVMKH&HV
YHSHM V-H&HV OHPHVH <HHMOH PHMNHHMYHV 'HHHI&H HTM3H-Q \H%NH
'HH#+H)EHI>HHYHVRQ0HOH-HHRHUFQ&HWYH,HHVHIHOHNHVXHVXHH-HHH5HHU
\H%NH .HHOHHU 'HHKHXHH \H%NHVOH *,H>XHHU SHH&HHM YHHQHUOH HHHHU
.H\HMRHMHU ,HV&HVQHU PH-H NHHFHV \H%NHVHHSHHV.HHUFH-H-HP/HHKHYH
HI-H<HHLH'HHKHXHHOHHHHI0HHIHOHNHFH HH1HHEFHH+H OHSH\HH\HRHMHUYHV

kejerle Demelees.
16. uesKeehejer#eCe Je leheemeCeer :
HH -HHHD XHV.HHKHMHUH&H HI-H<HHLHHYHV k'HH#YHXHH)YH 'HH#HI>sl QHU
mebkeuhevee keeee&efvJele kesueer. ee ceeOeceeletve uesKeehejer#eke
\H%NHVOHHUXH PH-H 0HH.HHEHV 'HHHI&H HI-H<HHLHHEHV PHELH&HNHHHMV
'HH#YHXHH)YH XHV.HHKHMHUH&H NH{ 0HNHOHHOH HH HNHHMHH
'HH#YHXHH)YH XHV.HHKHMHUH&HHFHJ8V 0HH.HH -H HI-H<HHLHHOHHUXH
-H-HQHMHE-HM HHELHXHH HNHHMV HIYHHEH&H V-HOHH HVOHV
OHHH\HMHV\HM )Y+HH#FH V0HYH HIPHHIPsFH XHV.HHKHMHUH&HHHMV
'HHKH&H NHHV'HM \H%H(NHLHFH2HV 'HEOH<HW OH 'HPHXHVXHH SHHV.HFHH5-HM
-H-HHIP/HOHKH&HV HIYHHEH&H V-HW 0HNHOHHV HTM3H-Q \H%NH
'HH#+H)EHI>HHHHHIYHHFHHYHJPHHMFHHVvHH0HH.HHEHVOHPHVHNHHQHU
HI-H<HHLHHEHV 'HHKH&H PHFHH-HOHHD XHV.HHKHMHUH&H (Concurrent
Audit) \HHQVMHUXH HHs > 'HNHH7EsEsNH>WYH NH{YH ,HVOHHV
OHHEHH 'HH#YHXHH)YH FHHHIPHNH XHV.HHKHMHUH&H 'HQ-HHXHHHHU HH
HI-H<HHLHHFHH+H OHOHKHHPH&HHU NHVXHHU SHHOHV 'HHHI&HOHHEYHHU RH.H-HWYH
HIRXHVXHH XHV.HHKHMHUH&HHEOHHUXH FHJHHE-HM 'HHHI&H *&HHU-HHE-HM
XHV.HHKHMHUH&H HI-H<HHLHHNH>WYH O-HHIMOH R.HXH ,HVOHXHHU SHHOHV
SHH 0HH.HHEHVHI-H<HHLHHEHV PHFHH-HOHHD XHV.HHKHMHUH&H NHVXHV
peele veener, DeMee MeeKeebes DeLeJee efJeYeeieebes yeensjerue
'HH#HI>sPH FHH+H OHHIOHFHHQHUKHOHHUYHVXHV.HHKHMHUH&HNHVXHVSHHOHV
HH -HHIOHHIMH XHV.HHKHMHUH&H HI-H<HHLH PH-H 0HH.HHEHV 'HHHI&H
HI-H<HHLHHEHV-HHH OHWYH6NHRHXHV.HHKHMHUH&HOHPHVHOHKHHPH&HHUNHMOHV
17. o#elee efJeYeeie :
Deeheuee yeBkesee mebeeueke ceb[Ueves o#elee efJeYeeieeuee
vesnceere cenJe efoues Deens. o#elee efJeYeeie Deeheuee yeBkesee
NHHFHNHHSHHHH KHOHHUOHHUXH HJsHU 0HHV2HOHV 'HHHI&H OHHPHE\HE2HHU
meJe& yeeyeeRJej mekeejelceke heleerves keee& kejles. eeejs
'HHKHXHH \H%NHVOHHUXH PH-H NHFH HH1HHEYHH 'HHKHXHH \H%NHVHH
JeJemeeeJe=eree erves efveefelee Gheeesie neslees.
RHOHH HI-H<HHLHHFHJ8V 0HH.HHHI2HNHH1HHEYHH HI0HPOH\H MHUOHHUYHV
PHHHVsHUYHV'HHHI&H\H%NHVYHV'HH.HWYHHIRXHVXHHNHHH 0HZXHHUFH2HVNHHFH
NHM&HHPH.HWKHHPHQHHQHVOHV
\H%NHVHH.HHOHVRHMHEYHH'HHHI&HPH<HHPHRHEYHHHHRHOHHHI-H<HHLHHHH
NHHFHHILHMHUFHJ8V \H%NHV\HXH6NHW&H^HI-HHHPHHIYHFHH &HQHV&HHPH
85
FHROHQHVOHVHHHI-H<HHLHHFHJ8V\H%NHVOHHUXHNHHV&HOHHQHULHZMHNHHMHHHU leee e. 6 - eJeleea& keeceefiejer :

31.03.10
HH/HHIFHNHSH\HH\HRHMHUMHI-H&HV0HNHHQHVOHV
18. eenkeebmee"er Flej mesJeemegefJeOee :
Jeepe GlheVe
Jeepe Kee&
efveJJeU Jeepe GlheVe
)OHM*OKH9H
6NHW&HH-HOHHD *OKH9H
eJeleea& Kee&
{esyeU veHee
lejlegoer
kejhetJe& veHee
kej
kejesej veHee
DeheJeeoelceke Kee&
efveJJeU kejesej veHee
1,286.70
957.89
328.81
171.50
500.31

36.68
179.16

139.16

119.67
(` keeseRceOes)
31.03.11
Jee{
1,512.72
17.57

2.82
527.80
60.52

3.87

358.19
65.95
63.39
72.82

81.23 103.08
213.57

1.30 -93.33
212.27
77.38
PHEHHXHNH FHE>8HYHV 'HHKHXHH HHQNHHEPHHHU .HHPHLHHU KHMRV0HHU

'HHHI&H MHAHUHHUNHOH \H%NHHEHFHH&HV )OHM PHV-HHPHJHI-H2HH *KHXH\2H
NH{YH HIRXHH 'HHQVOH *RHQM&HH/H HI-QPHH >VHI\Hs OH/HH
SerSce kee[& peeejs Deeheues eenke lee kee[e&ee
.HMVRHUPHHHU OHPHVH NHHV&HOHHQHU -HV8HU .HHOHHOHWYH KHZPHV
NHH^&HHPHHHU -HHKHM NH{ 0HNHOHHOH OHPHVH 'HHKHXHH
<HFH&H2-HYHHU-HM PHRM NHH>H HMV 3HHXHVXHH -H-HQHMHHV PHERV0H
eehle nesT Mekeleele. Deeheuee yeBkeseer 31 ceee& 2011
MHVSHHU 6NHW&H 6sHU6FH NH:V NHHHH HIY-HOH 3HHXHHU 'HHQVOH
ve@Meveue efHeveeveefMeeue efmJeeee meneeeves Deecner GheueyOe
leee e. 7 - JeJemeee efveke<eees eceeCe :
NH{YHHIRXHVXHHPHHVHHUFHJ8V<HHMOHHOHHUXHPH<HHPHR\H%NHHEHH
31.03.10 31.03.2011
6sHU6FH FH0HHUYHHMV 'HHKHXHV HHQNH -H-HQHM NH{ mejemejer ceeueceesJejerue hejleeJee

1.16
0HNHOHHOH PH2HH 'HHKH&H 'HHKHXHH HHQNHHEYHH HTM3H-Q \H%NH Jeepee Jeefleefje GlheVeees Jeepe
11.76

'HH#+H)EHI>HHHHHIYHHFHHYHJPHHMFHHH HIROHHFHH&HH-HM)EsMYHVs *OKH9HH0HHUHFHH&H
56.86

PHJHI-H2HH*KHXH\2HNH{YHHIRXHHU 'HHQVOHHHMV 'HHKHXHV HHQNH -HHSH.HHH HV6NHW&HHIFH8NHOHHU0HHU
HFHH&H
P-HOHhHH .HHOHHOHHUXH -H-HQHM \H,HW 0HNHOHHOH 'HHHI&H HVNH
veJJeU Jeepe GlheVe Je
2.61
3.52
\HJNHPHHHU HI-HYHEOHHU NH{ 0HNHOHHOH 'HHKHXHH HHQNHHEYHH efJeepeKeee&
leerue Deblej
'HHMsHUSHHU6PH6YH) 6+HsHU PHJHI-H2HHEHMV 'HHKHXHH .HHOHHOHWYH kepee&Jejerue mejemejer hejleeJee

)OHM \H%NHHEOHHUXH RJPH1HH .HHOHHOH KHZ0HHEHV -H-HQHM NHM&HV LHJEOH-H&HJNHHU-HMPHMHPHMHUKHMOHH-HH
6.83

0HNHH QHVOH 'HHQV KHJ^HUXH NHH8HOH )OHM FHHVvHH \H%NHHEHFHH&HV
eespeveeye JeJemeee efJeYeeieebeer keeceefiejer (SBUs) :
)EsMYHVsHHPH-H PHV-HHPHJHI-H2HH*KHXH\2HNHYHRV&HHOHHVOHHUXe.
efkejkeesU kepex (Retail Loans)
19. yeBkesee DeeefLe&ke keeceefiejeree Dee{eJee :
'HHKHXHHU \H%NH ,HM.HMVRHU OHPHVH RJPOHHUPHHHU -HHQYH
heg{erue lees Deeheueeuee yeBkeseer DeeefLe&ke keeceefiejer oMe&efJeleele. .HMVRHUPHHHU *HHI0HH&HHPHHHU XHQHYH -H-HPHHHHPHHHU
OHPHVH -HZHNHHUH 'HHHI&H )OHM -H-HPHHHHPHHHU NHSH[ HI-HOHHIMOH
(` keeseRceOes)
leee e. 5 - JeJemeeeJe=er :
kejles. 31 ceee& 2011 jespeer Deeheueer efkejkeesU kepex
leheMeerue
31 ceee& 10 31 ceee& 11
Jee{ ` 300 keeserbveer Jee{tve leer ` 2398.17 keeseReer Peeueer
"sJeer (De)
14,266.73 15,800.96 10.75 'HHQVOH FHHH MHVSHHU FQH>H-HHIOHHIMH 6NHW&H
efkejkeesU kepex ` 1738.68 keeseReer nesleer. ee DeeefLe&ke
eeuet (Current)
3,003.37 3,513.15 16.97 -HHH OH6NHW&H `NHHVsH5HHU -HHPOHJHIPHHU NHSH[ 'HHHI&H
yeele (Savings)
CASA
4,247.67 4,564.09
7.45 `NHHVsH5HHU-HHQYH.HMVRHUNHSH[HI-HOHHIMOHNHM&HHOH
10,019.06 11,236.87 12.15 Deeueer.
cegole
9,250.35 11,511.99 jemeskeeer (RASEC) eMemJeer ieeLee :
kepe& (ye)
5,321.39 5,253.77 -1.27
iegbleJeCetke
HINHMNHHV8NHSHH PHHHUFHHLHHUXH-HHHIH NH'HQ-HHXHHOH\H%NHVYHVFHJE\H)
SketCe JeJemeee (De + ye) 23,517.08 27,312.95 16.14
KHJ&HV'HHHI&H'HHZMELHH\HHRHV/HVHINHMNHHV8NHSH HHItHHHHI-HOHM&H
86
'HHHI&H RV.HMV.HHUPHHHU FH2H-HOHHD HINHMNHHV8 NHSH HI-HtHHU NH:V `jemeske' kesbebeer 31 ceee&& 2011 jespeereer SketCe
RASEC (Retail Asset & Small Enterprises Centres) JeJemeeeeeer eqmLeleer DeeefCe Deveglheeefole kepex :
PHJ{NHVXHHUQVNH8HI-HXHVQHVOHVFHHH MHVSHHU6NHW&H leee e. 8
(` keeseRceOes)
` NHHVsH5HHU HINHMNHHV8 NHSH[ 6NHW&H HINHMNHHV8
jemeske keWebee SketCe JeJemeee
Deveglheeoerle
kepex&
kepeeee 79QHUkMHPHVNHl keWebee ceeOeceeletve efJeleefjle
jemeske
mLeeheveseer
6NHW&H M-HNHFH 6NHW&H M-HNHFH
NHM&HHOH 'HHXHHU 6PH6FH) 0HH.HH 'HHHI&H PHFHJKHHMHUH
`
leejerKe
Keeleer
Keeleer `
0HH.HHHH-HHIOHHIMH6NHW&H0HH.HHEKHZNHHU 0HH.HH MHPHVNHH&HV
17-10-2007 5 0.13
15-11-2007 386.51 23 0.55
kMHPHVNHl NH:HE0HHUPHEXHLYH'HHQVOHkMHPHVNHl keWebcegUs efkejkeesU MHPHVNHKHJ&HV
ke yeesefjJeueer 7,061 519.83 10 0.25
kepee&leerue Lekeyeekeer lemese {esyeU Deveglheeefole kepeeJej jemes
jemeske Deewjbieeyeeo 25-06-2008 2,291 85.76 0 0.00
HHELHXHHHNHHMVHIYHHEH&HMH.HOHH'HHXHV
jemeske oeoj
21-07-2008 1 0.02
jemeske ceegbiee
1-12-2009 1,017 0 0.00
jemeske kesb keeee&&efvJele kejCeeceeieeer Gefs :
SketCe
26,969 1,839.66 39 0.95
HINHMNHHV8 NHSH HNHM&HHHHU HYHYHHU NHM&HHHV PH.HHVXH FHHH -HHH ' H.HVM kMHPHVNHl NHVE HEHHU 6NHW&H
HHYH 'HPH&HH1HH OHH -H NHJ0HXH 'HHI2HNHH1HHENH>WYH ` 1,839.66 keeseReer efkejkeesU kepex& Deensle. leehewkeer
HINHMNHHV8NHSHH HH'HSHHHHUQHOHH8&HHUQHV&HV'HH-H0HNH Deveglheeefole kepex& kesJeU ` 95 ueeKe Deensle. Deveglheeefole kepeees ns
NHSH HYHYHHUPHEFHOHHU-HHI-HOHM&HHHHHHItHHVOHHT-HXHE\HYH HFHH&H SJe{s veececee$e Deens ns efJeMes<e. ee yeeyeleerleues meJe&&
QHV7RVOHHHHQNHHEYHHOHKOHMPHV-HH*KHXH\2HNH{YHRV&HV
MHPHVNH
NH:HEHVNHHH 'HHI<HYHERYHHUH'HHQVQV'HHKHXHHXHHHOHHV)X H
PH-HH OHFHQ-HHHV FQ&HSHV HINHMNHHV8NHSHH PHE\HE2HHU HHVLH 'jemeske'hetJe&& keeUele yeBkesee MeeKeebletve cebpetjer Peeuesuee efkejkeesU
RHOHH ,HV7YH OHHHH RSHH MH.H&HV -H OHHOHHUXH NHSH[ NHSH -H-HPHHHHEOH'HYHJOKHHHIROHNHSH[ +HHMFHHVvHHHFHH&HH-HMQHVOHHU
'HYHJOKHHHIROHYHQHV7RV&HV
jemeske keWebveer leeuee eehe ueeJeuee.
jemeske ejs efkejkeesU kepeeJej opee&&lceke efveeb$eCe :
efkejkeesU "sJeer :
efkejkeesU kepeeceOes Je=er kejleeveee kepe&& hejleHes[erJej \H%NHHEHHV-HHU LHOH-HHHD `NHHVsH5HHQHVOHH
jemeske NHVEHENH>WYHPHJHHVLHHIYHHEH&HV-HWYHFHHH ee DeeefLe&ke Je<e&DeKesjerheele lee ` 15,800.96 keeseRheele
MHVSHHU 'HPH&HHMHU ` NHHVsH5HHU HINHMNHHV8 NHSHH OHHUXH heesneseuee. OHHHHOH HHXHW -H \HHOH .HHOHHOHHUXH V-HHU
{esyeU Deveglheeefole kepex& 31 ceee&& 2011 ee Je<e&&DeKesjerme pee iesueeJe<eea ` NHHVsHU KHHV QHVOHH OHH
` NHHVsH5KHHOH NHFHHU NHM&HHOH H0H HIFH8HI-HXHV
2010-11 ceOes ` NHHVsHUKHHHEKHHOH-HH^XHH
OHHFHJ8V 6NHW&H HINHMNHHV8 NHSHH0HHU 'HPHXHVXHV QV ^HV\H8
FQ&HSHVH ` NHHVsH5HHU -HHU 3HHXHHU s-HNHV-HHMHUYHV
'HYHJOKHHHIROH NHSHHHV HFHH&H -H{YH heele
keceer nesT Mekeues. eeleerue keener efkejkeesU Deveglheeefole kepex& KHHQOHH HINHMNHHV8 V-HHUOH \H%NHVXHH 'HKHVHIHOH 'HPHXHVXHHU -HH^
ner meele mecceerefuele yeBkeebeer hetJe&hejbhejeiele kepex& Deensle. ns 3HHXHVXHHU HIRPHOHYHHQHUHHV-HHU-HHIOH'HHFHHHHIMsVXHHI-H<HHLH
HINHMNHHV8'HYHJOKHHHIROHNHSHHHVHFHH&HFHHH KHHOH 'HKHH0HHU MXHHHHNHHIMOHH*KHHHHHVSHYHHEHHHVPHNHHH tHFH
2 KHVHH.HHXHHU'HH&H&HHHHPHEHHXHNHFHE>8HHHFHYHHVHIYH2HH M HH'HHHI/H NH-HHH KHHPHWYHMH\HHI-H&HHOHHV&HHM'HHQV
'HHQVFHHH KHHOH'HYHJOKHHHIROHNHSHH HVHFHH&H ntve IeeTke yeBefkebie JeJemeee :
.HHXHHU'HH&H&HHOHHV) XH
HH HI-H<HHLHHHH FHH2HFHHOHWYH 'HHKH&H XH,HJ FH2HFH 'HHHI&H
meJe& jemeske NHVEHEYHHU -HMHUXH 'HKHVHIHOH *HIV PHH2H NH{YH FHHVvHH*HHVLH2HEHHEYHHNHSH KHJM-HHNHMOHHVFHHH
o#eleehetJe&&ke jeKeuseuee lee efkejkeesU kepeeee Glke=
MHVSHHU6NHW&H,HH7NHNHSH[QHU` 7,108.00 keeseReer nesleer.
opee&&ee oeKeuee Keeueerue leeeeleerue kepee&&ee Lekeyeekeerleerue
OHHU FHHH MHVSHHU 6NHW&H ` NHHVsH5HHU
HIYHHEH&HH-H{YHPKHQHVOHHV
3HHXHHU 6NHW&H -HH^ sNHNHV 3HHXHHU HH 'HHHI/H NH
87
-HHH OH'HHKH&HXH,HJ 'HHHI&HFH2HFH*HHVSHNHHEPHHHU RHVYHYH-HHUYH

6PH6FH) 0HH.HHFHJE\H) OHYHMHUFHYHKHH#)Es'HHHI&HRHRMKH
esLes, keeee&efvJele kesuee. heeefeceele osMeebleerue DeeefLe&ke
FHERHUFHJ8V 'HHKH&HHIQMV -H-HPHHHHHHNHSH KHJM-HHNHFHHU NHMHUOH
.HWKHH FHHH HIROH V-HXHH PH2HH 6NHW&H NHSH -H-HPHHHHHH
JeJemeee ne efnjs JeJemeeeeee Deens. leerve Je<eehetJeea&
OHHV 'HH s-HNHV )OHNHH QHVOHH 'HQ-HHXH -HHHD 6NHW&H YH-HHUYH
*HHVLH2HEHHEYHH'HHKH&HNHSH KHJM-HHNHVXHH'HHQV'HQ-HHXH
-HHHD 'HHKH&HP/HH-HMFHHXHFHHV-HMNHSH RV&HHPHHHU kLHJKOH2HYHl
HHVSHYHHSHHQHUMNHVXHHUOHHFHH+H OH'HHKH&H*HHVSHNHHEYHH
6NHW&H` 116.50 keeseReer kepex cebpetj kesueer.
HHV.HKH&HV MH.H&HHHV NHHFH QH HI-H<HHLH NHMOHHV HH-HHHD

NHHVHHLHHM HI-H<HHLHHYHV MHV.HV -H-HPHHHHOHWYH 6NHW&H
` 38.82 keeseRee veHee efceUefJeuee.
Flej DeemLeeheveebee Glheeoveebes efJeheCeve (Le[&& heeea& ee@[Je) :
'HHKHXHH\H%NHVYHVHI-HFHH*OKHHRYHHEHHHI-HtHHUPHHHU6H>HU6+HPHHU
Ps%>> XHH) +H)Y0HJMYPHNHEKHYHHU\HSHHSH'HXHH) Y3H)Y0HJMYPH
kebheveer, ee SDeeepeer lemese efJeefJeOe cegegDeue Heb[ebMeer
PHFHY-HHNHMHMNH{YHOHHEHHHI-HHI-H2H*OKHHRYHHEHHU'HHKHXHH
HHQNHHEYHHHI-HtHHUNHVXHHUHH-HHHDHHC/H> KHHsHD HH#>-Hs
HI-HtHHU
ceeOeceeletve yeBkesves ` 3.30 keeseRes GlheVe efceUefJeues.
[erce@ :
efJeosMe efJeefvecee JeJemeee :

'HHEOHMMHAHUH \HHSHHMHOHHUXH HI-H0HVHOH 'HFHVHIMNHYH 'HHHI/H NH
-H-HP/HVHHFHERHUHHKHHIM&HHFHHI-HRV0HHI-HHIYHFHH-H-HPHHHH-HM
HIRPHWYH 'HHXHH KHHIM&HHFHOH HI-HRV0H HI-HHIYHFHH HI-H<HHLHHYHV
2010-11 ee DeeefLe&&ke Je<ee&&le ` 38,000 keeseRee
hejkeere eueveeee JeJemeee kesuee. eeleerue megceejs ` 9,500
keeseRee JeJemeee ne Deeeele efveee&&leerMeer efveie[erle neslee, lej
` 28,500 keeseRee JeJemeee DeeblejyeBke efJeosMe efJeefveceeeMeer
mebyebOeerle neslee.
efJeosMe efJeefvecee yeepeej Je efJeeere yeepeej ee oesve mebueive
yeepeejebceOeerue Jeepeojeee leHeeJeleerle Ie Peeueeves
DeeblejyeBeEkeie efJeosMe efJeefveceeeee JeJemeee keceer Peeuee. hejbleg
yeBkesee eenkeeves kesuesuee efJeosMe efJeefvecee JeJemeeeeee
*XHH^HXHHUOHNHJXHHQHUHNHHMHHU,HsHIRPHWYH'HHXHHUYHHQHU
'HHKHXHH\H%NHVYHV 6YH6PH>HU6XH'HHHI&HPHHU>HU6PH6XHHHRHVYQHU
PHEP/HHE0HHU PHEXHLH!OHH ,HVOHXHHU 'HHQV \H%NHVHH 6NHW&H
0HH.HHEFHH+H OH 'HHKHXHV HHQNH HH RHVYQHUKHZNHHU NHHV&HOHHQHU
mebmLesceeHe&le [erce@ megefJeOeebee ueeYe IesT Mekeleele. ee Je<eea
HH>HUFH#s-H-HPHHHHOHWYH\H%NHVYHV6NHW&H` 2.96 keeseRes GlheVe
efceUefJeues.
20. Deveglheeefole kepex :
ee DenJeeue Je<ee&le Deeheuee yeBkesee Deleble me#ece DeMee
-HPHJXHHU HI-H<HHLHHYHV 6NHW&H ` 95.61 keeseReer Jemegueer kesueer.
SHHFHJ8V ^HV\H8 'HYHJOKHHHIROH NHSHH HV 6NHW&H NHSHH 0HHU HFHH&H
ns 3.25 )OHNHV .HHXHHU 'HH&H&HHOH H0H HIFH8HXHV 'HHQV
LHOH-HHHD QVHHFHH&H nesles. yeBkesves meueie meele Je<ex
HIYH--H8'HYHJOKHHHIROHNHSHH HVHFHH&H0HWYHsNHNHVMH.HXHV'HHQV
31 ceee& 2011 jespeer Deeheuee yeBkeseer {esyeU Deveglheeefole kepe&s ner
` NHHVsHU FQ&HSHVH 6NHW&H NHSHH HH
Deensle. leeletve meele mecceerefuele yeBkeebeer `
keeseReer Deveglheeefole kepex JeieUueer, lej cetU meejmJele yeBkeseer
6NHW&H^HV\H8'HYHJOKHHHIROHNHSH[` 228.30 keeseReer Deensle.
FQ&HSHVH6NHW&HNHSHH HH Deensle.
k6NHPHVPHFHYHHUl'HHHI&HkFHYHHUHHFHlHHRHVYHKHZPHVQPOHHEOHM&HHHH
PHHVHHUPHJHI-H2HH 'HHKH&H 'HHKHXHH 0HH.HHEFHH+H OH PHJ{
NHVXHH 'HHQVOH OHHH\HMHV\HM HH-HHHD 'HHKH&H -HV3HFHVYH
+HH#MVNHPH PHHI-Q PHVPHHH FHROHHUYHV k-HVPsYH HJHIYHHYH FHYHHUl QHU
KHZPHV QPOHHEOHM&HHHHU PHJHI-H2HH *KHXH\2H NH{YH RV&HHM 'HHQHVOH
peeeesies hejosMeer Demeuesuee Yeejleere veeieefjkeebvee mJeosMeeleerue
'HHKHXHHNHJsJ\E HHUHHEYHHKHZPHVKHHHI-H&HVPHJXH<H3HHXHV'HHQV
efHeveerkeme Gheece :
kees<eeieej efJeYeeie :
eqveuex&efKele kesuesuee kepeeee (Written off loans)
MHV.H MHV.HOHH HFHH&H (CRR) 'HHHI&H -HZ2HHHIYHNH OHMXHOHH -HPHJXHHUNHHIMOHH 'HQ-HHXH -HHHD kHHVSHVNHs HI+HHIYHNHPHl QH YH-HHUYH
HFHH&H (SLR) ns efjPeJn& yeBkesee leJeevegmeej efJeYeeie yeBkesves keeee&efvJele kesuee. ee efJeYeeieeves yeBkesves eqveuex&efKele
88
NHVXHVXHHNHSHH OHWYH6NHW&H ` 7.23 keeseReer Jemegueer kesueer. leee e. 9 - veHeeees efJelejCe

HHHHH'H/H 'HPHHNHHUHTYHXH[ HI.HOHNHSHHHH-HPHJXHHUPHHHUPHJH
'HHKHXHH\H%NHVNH>WYH<H-HNHFHKHHKHJMH-HHPHJ3HHXHH<HHI-HHHOH
1) jeKeerJe efveOeer (25)
HHHI-H<HHLHHNH>WYH+HHMFHHVvHHHHVLHRHYHHHHU'HKHVHH'HHQV
Yeeb[Jeue heee&hlelee :
LHOH-HHHUD'HHKHXHH\H%NHVHHU<HHE>-HXHKHHH KOHOHH)OHNHHU
QHVOHHUOHHUHH-HHHDFHHH MHVSHHU)OHNHHU
'HHQV<HHE>-HXHKHHH KOHOHVHHHFHH&HHOH,HsQHV&HHHHUNHHM&HV
De) <HHE>-HXHKHHH KOHOHVPHHHU HIM3H-Q \H%NHVYHV 6NH.HHPHRHU,H
FHJROHHUHH V-H HHVSHYHVHH 'HH2HHM YHHLHMHU PHQNHHMHU
\H%NHHEYHHHIRXHH'HHQV'HHKH&HQHU'H0HHV-HHHVSHYHV'HEOHLH OH
`NHHVsHULHVXHH-HHHDV-HNHSH FQ&HWYH,HVOHXHVQHVOHV
GYeejuesuee ` 300 keeseRee lee oerIe& cegoleeree
HI-HHI0H V-HH5KHZNHHU V-HHU FQ&HSHVH ` 60 keeser
HH-HHHD <HHE>-HXHKHHH KOHOHHHFHH&HHPHHHU HIYHHFHHHFHH&HV
2HM&HHOH HV7 0HNHOH YHHQHUOH FQ&HSHVH ` 300
NHHVsH5KHZNHHU 6NHW&H ` NHHVsH5HH RHU,H FHJROHHUHH
HI-HHI0HV-HHU HH-HHHD <HHE>-HXHKHHH KOHOHHHFHH&HHPHHHU
2HM&HHOH'HHXHHKHJ^HH-HHHD ` 60 keeser Demese keceer
kejeJes ueeieleerue, leecegUs Yeeb[Jeue heee&&hlelee keceer nesle
jenerue.
ye) 6NHW&HV-HH5-HM-HH^XHVXHV-HHSHRMXHHHOH,HVOHHHH-HHHD
'HHKHXHH \H%NHVYHV <HHE>-HXH -HHUPHHHU 'H0HHU NHHV&HOHHUQHU
.HHPHRHU,H FHJROHHUHHHI-HHI0HV-HH5HHU HHVSHYHHSHHQHUM
kesueer veener.
ke) HH 'HQ-HHXH -HHHD 6NHW&H NHSHHHV V-HH50HHU HFHH&H QV
72.86'HHQVSHVLHOH-HHHD)OHNHVQHVOHVHH
-HHHD 6NHW&HNHSH[ `NHHVsH5-H{YH ` 11,512
NHHVsH5KHHOH -HH^XHHU NHSHHHH HH -HH^HU-H HFHH&HHFHJ8V
NHSHHHHSHHV.HHUFH-H-HP/HHKHYHHPHHHU<HHE>-HXHKHHH KOHOHV
NHMHUOHH'HHI2HNHOHMOHWRNHMH-HHUXHHLHOHVHHHHKHHIM&HHFH
<HHE>-HXHKHHH KOHOHHHFHH&HNHFHHUQHV&HHOH3HHXHH'HHns.
21. veHeeees efJelejCe :
HH 'HHHI/H NH -HHH HH YH+HHHHV HI-HOHM&H
KHJ^HUXHHFHH&HV
2) Deekeefmcekelee efveOeer (10)

0HZHHI&HNHHIYH2HHU)
HPOHHHI-HOHXHH<HHE0H
(ieleJe<eea 20)
NHFH HH1HHEPHHHUPHHYHJHQ
Devegoeveekeefjlee kesuesueer
lejleto (20)
PH<HHPHRNHXHH&HHIYH2HHU
NHFH HHMHUNHXHH&HHIYH2HHUPHHHU
PHH-H SHHIYHNH2HFHH RHH'HHHI&H
PHQNHHMHUNHHHH PHHHUHIYH2HHU
LHJEOH-H&HWNHHI-HHHNHSHHV.HHUFHHIYH2HHU
10) efJeMes<e jeKeerJe efveOeer
PH-H PHH2HHM&HMH.HHU-HHIYH2HHU
12) heg{erue Je<ee&keefjlee efMeuueke
6NHW&H
(` ueeKeeble)
2010-11
5,306.68
2,122.67
212.27

2009-10
2,991.86

119.67
1,590.62

1,631.10
50.00
10.00
212.27
50.00
10.00
50.00
500.00 1,000.00
1,500.00 1,000.00
7,500.00 2,500.00
73.98
33.27
21,259.99 12,173.26
}eYeebMe :
eeJe<eeaner YeeieOeejkeebvee 20XHH<HHE0HRV&HHHHUHI0H+HHMPH
mebeeueke ceb[U kejerle Deens.
meYeemeo keueeCe efveOeer :
RM-HHHDHFHH&HVHH-HHHDQHUPHEHHXHNHFHE>8HYHVPH<HHPHRNHXHH&H
HIYH2HHUPHHHU`XHH.H-HLH NHM&HHHHUHI0H+HHMPHNHVXHHU'HHQV
'HQ-HHXH-HHH OH6NHW&HPH<HHPHRHEYHHU-HZHNHHUHFHROHHUHH
ueeYe Iesleuee. eeJe<eea Jewekeere ceoleereer keceeue ceee&oe
`-H{YH `NHM&HHOH'HHXHHU 'HHQVOHPHVH
eeJe<eea 70 Je<ex JeeeJejerue meYeemeoebkeefjlee ` 20,000 heele
HI-H0HVH HHVSHYHVHMV NHHQHU MHHI-HNH \HH\HOHHUOH -HZHNHHUH FHROH
HIFH8VXH'HPHV SHHQHUMNHM&HHOH'HHXHVOHPHVHKHHHIMOHHVHI HNHV
PH<HHPHRHEHHLHJ&H-HHH2HHMNHKHHXHHEYHHRV&HHOH'HHXHHU
meeJe&peefveke, Oecee&oee DeeefCe menkeejer keeee&mee"er efveOeer :
HIM3H-Q \H%NH'HH#+H)EHI>HHHHHIYHHFHHYHJPHHMHH-HHHDQHUPHEHHXHNH
FHE>8HYHVHIYH--H8YH+HHHHHPHH-H SHHIYHNH2HFHH RHH'HHHI&H
PHQNHHMHUNHHHH PHHHU-HLH NHM&HHHHUHI0H+HHMPHNHVXHHU'HHQV
efJeMes<e jeKeerJe efveOeer :
mebeeueke ceb[Ueves eeJe<eeaner Deeekej keeeeeee
lejlegoervegmeej ` NHHVsHU HT-H0HVH MH.HHU-H HIYH2HHUPHHHU -HLH
NHM&HHHHUHI0H+HHMPHNHVXHHU'HHQV
89
meevegen Devegoeveemee"err lejleto :

\H%NHVHH *KHHI-H2HHU tH 'HHV YHJPHHM \H%NHVHV PHEHHXHNH
ceb[U 31 ceee& 2011 heele npej Demeuesuee keeece
P-H{KHHUNHFH HH1HHEPHHHU meevegen Devegoeveeeer lejleto
NHM&HHHHU HI0H+HHMPHNHMHUOH'HHQVKHMEOHW SHHNHFH HH1HHEHHU
Jeeef<e&ke keeceefiejer 2010-11 ee DeeefLe&&ke Je<eele kesJeU
CPHFHH2HHYHNHHMNH
HINHE-HHCPH-H PHH2HHM&H
RSHH HHU 'HHQV'H0HH
NHFH HH1HHEYHH QV PHHYHJHQ 'HYHJRHYH YH RV&HHHV PHEHHXHNH
FHE>8HYHVMHI-HXHV'HHQV
22. yeBkesee GheefJeOeerceOes megeefJeuesueer ogmleer :
ee DeeefLe&ke Je<ee&le yeBkesee GheefJeOeerceOes Keeueerue ogmleer
PHJHHI-H&HHOHHVOH'HHQV
1. GheefJeOeer eceebke 4 -\H%NHVHHYHH:R&HHUNHOHNHHHH XHHHHH
heeeceOes yeoue :
PH2HH\H%NHVHHYHH:R&HHUNHOHNHHHH XHHHHHKHHHFH2HJNHHVH
6PHG -QHU PHHV-HYHHU KH/H HILHMLHH-H FHJE\H)
'HPHH 'HHQV HH 'HHHI/H NH -HHH OH 'HHKH&H \H%NHVHH
DeOe#eebes, keee&keejer mebeeuekeebes keeee&uee lemese
PHEHHXHNHFHE>8HHVPH<HHRHXHYH'HHHI&H'HHKHXHH\H%NHVOHHUXH
meJe& cenlJeees efJeYeeie Deeheuee veJeerve kee@heexjs meWj
kPHHMP-HOH\H%NH<H-HYHlH<HHRV-HHU HV/HV P/HXHHEOHMHUOHNHVXHV
'HHQVOH FQ&HWYH PHEHHXHNH FHE>8 \H%NHVHH YHH:R&HHUNHOH
NHHHH XHHHHH YHHVER&HHUNHOH KHHH CPHHMP-HOH \H%NH
<H-HYH
'HKKHHPHHQV\H FHMHV FHHLH H<HHRV-HHU
FHJ\E H)
'HPHH'HPHH-HH'HPHVHPOHH-HHUOHNHMHUOH'HHQV
2. GheefJeOeer eceebke 7 - yeBkeses DeefOeke=le Yeeb[Jeue
`NHHVsH5HVNHM&HV
\H%NHVHH 6NHW&H -H-HPHHH V-HHU 'HHHI&H NHSH[ 'HHIOH0HH
Jesieeves Jee{le Deensle. 31 ceee& 2011 jespeer
yeBkesee JeJemeee ` 27,312.95 keeseRee neslee.
FHHH KHHOH'HHKHXHH\H%NHVHH6NHW&H-H-HPHHH
` NHHVsH5HH NHM&HHHV PHEHHXHNH FHE>8HYHV
eesefpeues Deens. leehewkeer DeepeJejee DevegYeJeevegmeej
PH-H PHH2HHM&HKH&HV 6NHW&H NHSH[ ` 20,000 keeseReer
Demeleerue. lee ojceeve yeBkesee JeJemeee meg{
MH.H&HHPHHHU \H%NHVHH P-HHIYH2HHU ` 2,500 keeseRee
NHM&HHHHU 'HH-H0HNHOHH 'HHQV HH NHH8HOH 'HH-H0HNH
<HHE>-HXH KHHH KOHOHH MH.H&HHPHHHU \H%NHVHV 'HHI2HNHOH
Yeeb[Jeue ` 300 keeseRJeve ` 1,000 keeser
NHM&HHHHHPOHH-HPHEHHXHNHFHE>8NHMHUOH'HHQV
90
23. kece&eeNeebee efveJe=eer Jesleveemee"er efveOeer :

HH -HHHIH NH 'HQ-HHXHHOH YHFHJR NHVXHHHFHH&HV
HH -HHHDQHU NHFH HH1HHEHH HIYH-HHHU -HVOHYHHHH HH-H2HHYHHPHHHU
` NHHVsHUEHHU OHMOHWR NHM&HHOH 'HHXHHU 'HHQV \H%NHVOHWYH
PHV-HHHIYH-HH3HHXHVXHHFHHSHHU NHFH HH1HHENHHIMOHH<HHI-HHHOH6NH
HHELHXHHUHIYH-HH-HVOHYHHHVSHYHHMH\HHI-H&HHHHPHEHHXHNHFHE>8HHH
efJeeej Deens. leekeefjlee yeBkesuee pee Je<eea eebieuee Heeeoe
QHV) XH OHH HOHVNH -HHHD QHU OHMOHWR NHM&HHHH PHEHHXHNH
ceb[Ueee efJeeej Deens.
24. yeBkesves peesheemeuesueer meeceeefpeke yeebefOeuekeer :
mebeeueke ceb[Uevess, meeleleeves Deeheuee yeBkeseer meceepeeeleer
Demeuesueer yeebefOeuekeer peesheemeueer Deens.
Deeheuee yeBkesee ieesJee efJeYeeieeves meeceeefpeke yeebefOeuekeeree
FHH2HFHHOHWYH MV>tHH#PHHH PHQNHHHH YHV MOYHHHILHMHU HV/HV <H-H
jeoeve ceesnerce jeyeefJeueer nesleer.
HIPHE2HJRJLH HISHXyHHOHHUXH KHHVHIXHPHHEHH PHHFHHHISHNH POHM
*EHH-H&HHPHHHU HI-H0HVH NHSH HHVSHYHH PHEHHXHNH FHE>8HYHV
MH\HHI-HXHHUSHHHHVLHV OHHEYHHLHQHVKHHHVLHHU *KHNHM&HV ,HV&HV PHQSH
meeOe Peeues.
'HHKHHHU HIYH-HHM&H NHSH HHVSHYHH XH,HJ HI-HH NHSH HHVSHYHH
)OHHRHU HHVSHYHHEHH FHH2HFHHOHWYH PHENHsNHH8HOH OHPHVH
RJXH HIHOH,HsNHHEYHHOHHEHHLHMSHVPHHHUNHFHHU-HHSHRMHYHVNHSH
{KHHYHVFHROHNHVXHHUSHHOHV
CH&HHYHJ\HE2H
HH-HHHIH NHPHHVQ8HHHMV0HZHHI&HNHPHHFHHHISHNH
-HZHHINHHPHEP/HHEYHHHHIOH-HHHD NHHQHUHFHH&HHOH'HYHJRHYHRV&HHOH
HVOHV OHPHVH PHFHHSH PHHHIQOH PHEPNHHIOH FHMHHU <HHHH
PHFHHSHPHV-HH 'HHKHXHV NHH:NH&H -H PHHFHHHISHNH 'HHR0H 'H0HH
HI-HHHHE-HMHUXH'HYHVNH*KHtHFHHEYHHFHHVHHHFHH&HH-HMHHVOPHHQYH
RV&HHPHHHU'HH2HHM<HWOHPHEP/HHFQ&HWYH'HHKHXHHU\H%NHHHHHVSHNH
lelJeeJej meowJe keee&&jle Demeles.
DeeoMe& meYeemeo :
yeBkesee YejIeesme eieleerceOes Deeheuee meYeemeoebee efmebneee
-HHsH 'HHQV 'HHKHXHV PH<HHPHR HIYHhP-HH/HHDKH&HV 'HHKHXHH -HV8
\H%NHVXHH RVOHHOH FQ&HWYHH 'HHSH 'HHKHXHHU \H%NH RV0HHOHHUXH H/HFH
tHFHHENHHHHUYHHLHMHUPHQNHHMHU\H%NH'HHQVHHHHUSHH&HHU-HV-HWYHH
'HHKHXHHU \H%NHHHHIOHHIYHHI2HNHP-H{KHHOH'HHKHXHHPH<HHPHRHOHHUXH
6NHH PH<HHPHRHHH k'HHR0H PH<HHPHRl FQ&HWYH HHIOH-HHHD
LHHZM-H NHMOHV HH-HHHD HHUFHOHHU 'HYHJMH2HH 'HYHJOHH) H0H-HEOH
HINHHJM HHEYHH k'HHR0H PH<HHPHRl FQ&HWYH LHHZMHI-H&HHOH 'HHXHV
HHUFHOHHU 'HYHJOHH) HINHHJM HH \HV8LHH-HHH MHIQ-HH0HHU 'HPHWYH
OHHEYHHU 0HZHHI&HNH 'HHHI&H PHHFHHHISHNH NHHHH FH2HV *HJELH

eesieoeve efoues Deens. leeeyejesyej leebveer Jee[cee Je efJecege
KHHNHHHIMOHVOHPHJH 'HHKHXHH PHH *FHsHI-HXHH 'HHQV 'HHKHXHH
\HV8LHH-HHV/HHUXH0HH.HVHHP/HHHIYHNHNHHH NHHMHU&HHUOHHHUFHOHHU
'HYHJOHH) HINHHJMHHEYHHU 'HYHVNH-HH[ FHHLH R0H YH-HFHROHNH{YH
yeBkesuee eesieoeve efoues Deens. lemese yesUieeJe Je peJeUee
KHHIMPHMHOH 'HHKHXHHU \H%NH XHHVNHHIHH -QH-HHU FQ&HWYH OHHEYHHU
Denefve&&Me ke kesues Deensle.
25. yeebefOeuekeeres Flej Gheece :
peeieefleke ceneje^ DeeefCe Jeeheej ee heefj<eosceOes menYeeie:
'HQ-HHXH -HHHD kSHHLHHIOHNH FHQHMHA 'HHHI&H -HHKHHMl HH
heefj<eosceOes Deeheuee yeBkesee menYeeie neslee. ner heefj<eo
'HHZMELHH\HHR HV/HV kFHQHMHA H:\HM 'HH#+H NHH#FHPH )E>PsAHUSH
'H#&>'H#HIHNHXHMlHHPHEP/HVOH+H[OHVSHHYHV-HHMHU
HH NHHXHH-H2HHUOH 'HHHHVSH&HHOH 'HHXHHU QHVOHHU HH KHHIMHRVHV
'HHKH&H 6NH FHJ.H HHHHVSHNH QHVOHHV KHHIMHRVHV *RG,HHsYH
FHQHMHAHHHFHHYHYHHUHFHJ.HFHEHHEHHQPOHV3HHXHVQHVOHVHH
KHHIMHRVFH2HV'HHKHXHH\H%NHVYHV'HHIOH0HH<H-H'HHHI&HHIRFHH.HRHM
ceekex&eEie me@ue GYeejuee neslee.leeuee ee ceneslmeJeele yeBeEkeie
efJeYeeieele heefnues ye#eerme efceUeues.
peeieefleke keeskeCe heefj<eo :
'HHKHXHH \H%NHVXHH NHHVNH&HH\HXH .HWKHH 'HHKHJXHNHHU 'HHHI&H
HISH-QH8H 'HHQV NHHM&H 'HHKHXHH \H%NHVHV FHW8 QV OHV-QHHH
MOYHHHILHMHU HTSHXQvHHOH 'HHHI&H 'HHOHHHH HIPHE2HJRJLH HTSHXQvHHOH
'HHQVV CSHYHYHHU SHYFH<HWFHHU
'HPHXHVXHH 'HHKHXHH NHHVNH&H
efJeYeeieele heveJesueheemetve meeJebleJee[erheele mebeeueke ceb[Ueves
'HHIXHNH>V6NHW&H0HH.HHEHHU*<HHM&HHUNHVXHHU'HHQVKHYH-HVXH
RHVYH 0HH.HH NH&HNH-HXHHU RHVYH 0HH.HH KHV&H 'HHIXH\HHLH
FHQH> HIHKH8W&H MOYHHHILHMHU XHHESHH MHSHHKHWM -HZ<H-H-HH>HU
FHHXH-H&HNHJ>H8-H:LHJXHH 'HHHI&HPHH-HEOH-HH>HU'H0HHHH6NHW&H
0HH.HH\H%NHVYHV NHHH MOHNHVXHH'HHQVOHNHH:NH&HHOH6NHW&H
0HH.HHNHM&HHHHPHEHHXHNHFHE>8HHHFHHYHPH'HHQV
'HHKHXHH \H%NHVYHV HH-HHHD kSHHLHHIOHNH NHHVNH&H KHHIMHRVlHH 6NH
FHJ.HHHHHVSHNHFQ&HWYHPHQ<HHLH,HVOHXHHQHUKHHIMHRkNHHVNH&H
<HWFHHU HHIOHgHYHl YHV 'HHHHVHISHOH NHVXHHU QHVOHHU FHQHMHAHHV
FHHYHYHHUH FHJ.HFHEHHU HHUKH/-HHUMHSH H-QH&H HHEHH QPOHV
SHHYHV-HHMHUMHVSHHUHHKHHIMHRVHV*RG,HHsYH3HHXHV-H
FHQHMHAHHH *KHFHJ.HFHEHHHH QPOHV PHFHHMHVKH 3HHXHH HH
KHHIMHRVOHNHHVNH&HHOHHUXHPH-H FHHVvHH*HHVSHNHHEYHHU'HHKHXHV<H-H
PsH#XH *<HHMXHV QHVOHV NHHVNH&HHOHHUXH *HHVLHHHH OHPHVH
LHJEOH-H&HJNHHUHH PHE2HHU NHHVNH&HHHU SHJYHHU PHEPNHOHHU 'HHHI&H
hee&vemLeUs, meeiej efkeveejs, veee, meneeereer Gbe

HI0H.HMV NHHVNH&HHHU -HYHPHEKHHHU FHOPHPHEKHHHU +H8+H8H-H8
SHLHHHH HVOKHHHUPH 'HH&H&HHPHHHUH HH KHHIMHRVHV
'HHHHVSHYHNHM&HHOH'HHXHVQHVOHV'HHKHXHH\H%NHVYHVQHU6NH<H-H
me@ue GYeejuee neslee, peeejs Deeheuee yeBkesee meJe& ekeejee
V-HHU-HNHSHHHHUFHHHIQOHHU'H<HHLHOHHEYHH*KHXH\2HNH{YHRV&HHOH
'HHXHHUNHHVNH&HHI-HNHHPH'HHOHHFHHVvHHHFHH&HHOH'HHNHHM,HV7
ueeieuee Deens. leele Deeheueer yeBke heg{ekeej IesTve jemle Jeee
*HXHVXHHHHHUPH-H HNHHVENH&H-HHPHHUHHEYHH'HHOHH.HHHHU'HHQV
26. mebmLee DeefYeMeemeve :
yeBkesee mebeeueke ceb[Ueeer jevee ceuerms kees-Dee@he.
PHHVPHHHsHU NHHHRH'HHHI&H\H%NHVHHKHHVsHIYHHFHHYHJPHHM
kesueer peeles. 31 ceee& 2011 jespeer Deeheuee yeBkesee
PHEHHXHNH FHE>8H-HM NHHH NHHMHU PHEHHXHNHH-HHIOHMHUH 6NHW&H
13 mebeeueke nesles. mebeeueke ceb[UeJej JesieJesieee
efJe<eeebleerue lep%e Deensle. efjPeJn&& yeBkesee efveeceevegmeej
veeiejer menkeejer yeBkesee mebeeueke ceb[UeJej keceerle keceer
6NH HHs > 'HNHH7EsEs 'HHHI&H 6NH \H%NHM 'HPHH-HH XHHLHOHHV
hejbleg Deeheuee yeBkesee mebeeueke ceb[UeJej eej ee&[&
'HNHH7EsEs 'HHHI&H RHVYH \H%NHPH 'HHQVOH HH 'HHHI/H NH -HHH OH
PHEHHXHNHFHE>8HHH6NHW&HPH<HH3HHXHH
\H%NHVHHKHHVsHIYHHFHtH'HEOHLH OHR0H HI-HXHHHFHH&HV\H%NHVVHH
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STATUTORY AUDITORS REPORT

To,
The Members of The Saraswat Co-operative Bank Ltd.
1.
We have audited the attached Balance Sheet of THE SARASWAT CO-OPERATIVE BANK LTD. as at March 31, 2011, the
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statements based on our audit.
2.
We have conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require
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opinion.
3.
We report that :
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the purpose of our audit;
ii)
In our opinion, proper books of account as required by law have been kept by the Bank so far as appears from our
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branches not visited by us;
iii)
In our opinion and according to information given to us, there has been no material impropriety or irregularity in the
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books of account maintained by the Bank;
v)
The transactions of the Bank, which have come to our notice, have generally been within powers of the Bank;
vi)
Subject to our comments and observations contained in Audit Memorandum, in our opinion, and to the best of our
LQIRUPDWLRQDQGDFFRUGLQJWRWKHH[SODQDWLRQVJLYHQWRXVWKHVDLGDFFRXQWVUHDGWRJHWKHUZLWK1RWHVWKHUHRQJLYHWKH
information required by The Multi-State Co-operative Societies Act, 2002 and Rules made thereunder, in the manner so
required and give a true and fair view in conformity with the accounting principles generally accepted in India :
a)
In case of Balance Sheet of the state of affairs of the Bank as at March 31, 2011;
E
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For KULKARNI & KHANOLKAR

Chartered Accountants
Firm Registration No.105407W
Sd/(P.M. PARULEKAR)
Partner
Membership No. 36362
Statutory Auditors
Place: Mumbai
Date: April 30, 2011
93
BALANCE SHEET AS AT MARCH 31, 2011

(Amount in `)
CAPITAL & LIABILITIES
Schedule
CURRENT YEAR
31.03.2011
PREVIOUS YEAR
31.03.2010
(1)
CAPITAL
1,02,83,24,160.00
86,23,11,100
(2)
RESERVE FUND & OTHER RESERVES
16,46,43,74,616.70
15,52,67,03,382
(3)
DEPOSITS & OTHER ACCOUNTS
1,58,00,96,07,293.84
1,42,66,72,86,137
(4)
BORROWINGS
8,45,61,53,945.78
5,62,00,09,609
(5)
BILLS FOR COLLECTION BEING BILLS

15,05,61,88,896.43
14,40,59,01,784
4,64,05,350.95
11,48,47,457
86,56,644.00
86,56,644
1,35,32,79,974.37
1,51,26,21,884
46,47,62,566.51
49,93,00,234
8,48,72,72,442.32
7,51,27,72,392
2,12,59,98,810.80
1,21,73,25,875
211,50,10,24,701.70
189,94,77,36,498
15,63,74,41,052
15,50,03,29,595
RECEIVABLE AS PER CONTRA

(6)
BRANCH ADJUSTMENTS
(7)
OVERDUE INTEREST RESERVE

i)
ON INVESTMENTS
ii)
ON LOANS & ADVANCES
(8)
INTEREST PAYABLE
(9)
OTHER LIABILITIES
(10) PROFIT & LOSS
GRAND TOTAL
Contingent Liabilities
As per our report of even date attached
sd/P.M. PARULEKAR
Partner
Mumbai : April 30, 2011
94
13
(Amount in `)
PROPERTY & ASSETS
Schedule
CURRENT YEAR
31.03.2011
PREVIOUS YEAR
31.03.2010
(1)
CASH
11,03,74,27,758.63
10,00,16,55,468
(2)
BALANCES WITH OTHER BANKS
2,26,29,21,605.29
4,38,24,29,025
(3)
MONEY AT CALL & SHORT NOTICE
34,64,22,562.00
1,31,84,56,314
(4)
INVESTMENTS
52,53,76,68,612.60
53,21,39,11,321
(5)
ADVANCES
10
1,15,11,99,23,393.74
92,50,35,46,892
(6)
INTEREST RECEIVABLE
1,35,32,79,974.37
1,51,26,21,884
(7)
BILLS RECEIVABLE BEING BILLS FOR
15,05,61,88,896.43
14,40,59,01,784
COLLECTION AS PER CONTRA
(8)
FIXED ASSETS
11
5,45,73,77,098.58
5,51,06,28,226
(9)
OTHER ASSETS
12
8,29,64,60,223.62
7,05,70,97,868
62,000.02
1,90,000
3,10,14,176.42
3,90,19,314
22,78,400.00
22,78,400
211,50,10,24,701.70
189,94,77,36,498
(10) COMPUTER SOFTWARE
(11) DEFERRED AMORTISATION OF INVESTMENTS
(12) NON-BANKING ASSETS ACQUIRED IN

SATISFACTION OF CLAIMS
(As per Banks Approved Valuers)
sd/-
sd/-
sd/-
sd/-
sd/-
S.K. BANERJI
A.V. DUBHASHI
S.V. DESHPANDE
K.V. RANGNEKAR
E.K. THAKUR
Managing Director
Director
Director
Vice-Chairman
Chairman
95
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2011
EXPENDITURE
1)
2)

4)
5)
6)
7)
8)

10)
Interest on Deposits, Borrowings, etc.

Salaries and Allowances, Bonus, Gratuity,
Provident Fund Contribution, etc.
5HQW7D[HV,QVXUDQFH/LJKWLQJHWF
Law Charges
Postage, Telegram and Telephone charges
Audit fees (Statutory,Internal and Concurrent Auditors)
Depreciation/Amortisation of Assets
Printing, Stationery and Advertisements
i)
Printing and Stationery
ii)
Advertisements
2WKHU([SHQGLWXUH
i)
Repairs and Maintenance of assets
ii)
I.T. Infrastructure Maintenance
iii)
Bankers Indemnity Insurance
iv) Premium paid to DICGC
v)
Premium paid to ECGC
vi) Cheque Processing Charges
YLL /HDVHG/LQH([SHQGLWXUH
viii) Travelling and Conveyance
L[ 6HFXULW\6HUYLFH&KDUJHV
[ $PRUWLVDWLRQRI,QYHVWPHQWV
[L 3URIHVVLRQDO)HHV
[LL %DQN&KDUJHV
[LLL 9LVD&DUG([SHQVHV
[LY /RVVRQVDOHRI$VVHWV
[Y $PHQLWLHV&KDUJHV
[YL &DU([SHQVHV
[YLL +RXVHNHHSLQJ&KDUJHV
[YLLL 6XQGULHV
Provisions :
i)
Provision for Depreciation on Investments
ii)
Bad and Doubtful Debts Reserve
iii)
Provision for Restructured Assets
iv) Contingent Prov.Against Standard Assets

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LLL ,QFRPHWD[UHFHLYDEOHIRUHDUOLHU\HDUVZULWWHQRII

13)

15)
7RWDO([SHQVHV
1HW3URWDIWHU7D[DQGEHIRUH([FHSWLRQDOLWHPV
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TOTAL

sd/P.M. PARULEKAR
Partner
96
CURRENT YEAR
31.03.2011
984,92,02,669.69
171,58,82,054.82
(Amount in `)
PREVIOUS YEAR
31.03.2010
957,89,42,934
134,13,21,905
34,73,86,488.83
54,80,361.50
4,59,69,150.58
2,10,70,903.05
15,46,04,238.66
27,86,90,675
46,58,682
4,11,29,061
1,93,07,362
11,60,59,987
11,91,77,007.07
3,64,84,595
3,64,97,644
7,29,82,239
106,79,64,469.25
2,76,58,155
22,99,15,408
8,99,838
12,80,10,190
1,47,03,420
1,51,82,142
1,23,84,575
105,12,920
4,32,41,831
21,49,13,404
2,24,15,608
4,75,40,657
3,22,19,025
5,82,242
65,86,104
96,79,708
68,70,240
14,71,92,798
97,05,08,266
63,39,23,150.36
13,96,05,263
21,86,59,620
75,00,000
10,00,000
36,67,64,883
81,23,03,079.00
1477,29,63,572.81
213,56,60,756.97
1,29,89,121.00
212,26,71,635.97
1690,86,24,329.78
51,00,00,000
(10,99,92,782)
0
40,00,07,218
1319,03,73,211
139,16,61,364
19,49,19,442
119,67,41,922
1458,20,34,575
4,02,02,180.27
7,89,74,826.80
2,49,68,297.85
26,00,62,775.72
10,44,851.73
14,23,44,000.00
1,11,59,043.00
1,56,22,030.35
1,04,40,712.80
1,31,49,324.77
6,69,24,068.57
19,88,51,903.91
2,13,74,608.80
5,96,36,818.46
4,96,82,546.30
0.00
1,61,74,493.00
1,05,45,308.25
1,00,28,476.06
15,59,55,209.68
25,63,62,205.50
30,91,60,944.86
45,00,000.00
6,39,00,000.00
88,30,00,000.00
(7,09,11,545.00)
2,14,624.00
(Amount in `)
INCOME
CURRENT YEAR
31.03.2011
1512,72,20,338.33
PREVIOUS YEAR
31.03.2010
1286,69,89,199
1)
Interest & Discount
2)
Commission
36,61,75,663.26
34,10,71,492

([FKDQJH
21,43,94,567.31
18,29,16,290

3URWRQ6DOHRI6HFXULWLHV1HW
38,82,20,239.49
50,41,51,044
5)
Dividend
3,95,24,889.00
9,55,62,269
6)
Other Receipts
i)
Processing Fees
ii)
Service Charges
LLL 5HFRYHU\RI([SHQVHV
LY 3URWRQ6DOHRI$VVHWV
v)
Miscellaneous Income
64,21,34,683.45
22,36,22,947
26,13,14,092
3,97,29,990
0
1,76,66,363
54,23,33,393
33,87,182.84
1,19,75,156

30,30,79,314.85
28,05,10,078.97
3,16,46,321.05
28,95,847.61
2,40,03,120.97

([FHVV3URYLVLRQRIHDUOLHU\HDUVZULWWHQEDFN
8)
Bad Debts earlier written off, now recovered
7,22,66,766.10
3,70,35,732

([FHVV6SHFLDO5HVHUYH5HYHUVHG
5,53,00,000.00
1690,86,24,329.78
1458,20,34,575
TOTAL
sd/S.K. BANERJI
Managing Director
sd/A.V. DUBHASHI
Director
sd/S.V. DESHPANDE
Director
sd/K.V. RANGNEKAR
Vice-Chairman
sd/E.K. THAKUR
Chairman
97
(Amount in `)
CURRENT YEAR
31.03.2011
PREVIOUS YEAR
31.03.2010
3,00,00,00,000.00
3,00,00,00,000
1,02,83,24,160.00
86,23,11,100
1,02,83,24,160.00
86,23,11,100
1,02,82,99,160.00
25,000.00
86,22,86,100
25,000
Total
3,36,36,62,321.38
2,52,90,93,933.24
3,84,33,94,467.60
2,00,00,000.00
66,54,50,710.08
1,13,29,29,650.00
42,83,74,510.69
5,98,50,000.00
1,01,78,054.49
2,00,00,000.00
87,44,65,694.22
3,18,91,75,275.00
32,78,00,000.00
16,46,43,74,616.70
3,05,57,92,524
2,52,90,93,933
3,72,13,10,180
1,55,00,000
56,54,50,710
1,01,32,55,450
36,44,74,511
5,48,50,000
1,41,54,554
2,00,00,000
61,87,72,520
3,27,09,49,000
28,31,00,000
15,52,67,03,382
Sub-Total
89,88,08,99,450.13
0.00
22,48,78,24,062.19
112,36,87,23,512.32
83,88,90,56,393
62,00,00,000
15,68,15,11,840
100,19,05,68,233
Sub-Total
33,69,19,38,795.09
0.00
1,43,95,07,137.46
35,13,14,45,932.55
28,88,44,52,010
0
1,14,92,14,730
30,03,36,66,741
Sub-Total
Total
10,11,29,60,312.87
10,52,697.65
39,54,24,838.45
10,50,94,37,848.97
158,00,96,07,293.84
11,81,08,38,637
3,79,775
63,18,32,751
12,44,30,51,163
1,42,66,72,86,137
SCHEDULE 1 - CAPITAL:
Authorised Capital :
30,00,00,000 Shares of ` 10/- each
(Previous year 30,00,00,000 shares )
Subscribed Capital :
10,28,32,416 Shares of ` 10/- each
(Previous year 8,62,31,110 shares of ` 10/- each)
Amount Called up :
10,28,32,416 Shares of ` 10/- each
(Previous year 8,62,31,110 shares of ` 10/- each)
Of the above held by :
a)
Individuals & others
b)
Societies
SCHEDULE 2 - RESERVE FUND & OTHER RESERVES:
i)
Statutory Reserve
ii)
Building Fund
iii)
Bad and Doubtful Debts Reserve
iv) Special Reserve for Restructured Assets
v)
vi) Contingency Reserve
vii) Contingent provision against Standard Assets
viii) Members Welfare Fund
L[ 3URYLVLRQIRU3XEOLF&KDULWDEOH &RRSHUDWLYH3XUSRVH
[ 1HW2SHQ)RUHLJQ&XUUHQF\3RVLWLRQ5HVHUYH
[L *HQHUDO5HVHUYH
[LL 5HYDOXDWLRQ5HVHUYH
[LLL 6SHFLDO5HVHUYHXVYLLLRI,7D[$FW
SCHEDULE 3 - DEPOSITS & OTHER ACCOUNTS:

i)
Fixed Deposits :
a)
Individuals & Others
b)
Central Co-op. Banks
c)
Other Societies
ii)
iii)
98
Savings Bank Deposits :

a)
b)
c)
Other Societies
Current Deposits :
a)
b)
c)
Other Societies
(Amount in `)
CURRENT YEAR
31.03.2011
PREVIOUS YEAR
31.03.2010
44,00,00,000.00
4,14,56,45,641.87
2,25,83,01,706
Total
0.00
14,73,928.91
86,90,34,375.00
3,00,00,00,000.00
8,45,61,53,945.78
56,728
24,51,175
35,92,00,000
3,00,00,00,000
5,62,00,09,609
Total
83,09,74,648.20
6,48,38,824.00
12,25,94,536.86
1,07,27,690.05
33,80,06,904.00
2,46,85,474.00
21,85,54,007.95
48,76,82,400.19
28,73,80,078.21
3,11,85,43,249.00
2,98,32,84,629.86
8,48,72,72,442.32
96,95,00,844
4,37,21,200
13,03,93,780
1,00,24,092
28,99,00,072
1,78,80,822
19,47,43,955
47,28,49,465
13,17,84,906
2,23,59,72,668
3,01,60,00,589
7,51,27,72,392
1,21,73,25,874.83
2,16,51,78,653
29,91,85,500.00
15,90,61,500.00
50,00,000.00
10,00,000.00
0.00
50,00,000.00
16,31,10,000.00
1,19,67,500.00
11,96,74,200.00
10,00,00,000.00
10,00,00,000.00
25,00,00,000.00
1,21,39,98,700.00
33,27,174.83
2,12,26,71,635.97
2,12,59,98,810.80
52,69,80,800
14,89,13,000
2,10,79,300
10,00,000
65,00,00,000
50,00,000
15,97,50,000
2,10,79,300
21,07,92,300
5,00,00,000
10,00,00,000
25,00,00,000
2,14,45,94,700
2,05,83,953
1,19,67,41,922
1,21,73,25,875
SCHEDULE 4 - BORROWINGS :
L
)URP5%,6WDWH&HQWUDO&RRS%DQN5HQDQFHIURP5%,
ii)
Loans from other sources
a)
Collateralised Borrowing Obligation
(Secured against Govt. Securities)
b)
Overdraft from Banks

F 5HQDQFHIURP6,'%,
d)
Foreign Currency Borrowing from Banks
e)
Long Term (Subordinated) Deposits
SCHEDULE 5 - OTHER LIABILITIES :

a)
Bills Payable
b)
Unclaimed Dividend
c)
Suspense
d)
e)
Provision for Staff Pension
f)
Rebate on Bills Discounted
g)
Credit balance in Bank Account
h)
Provision for Leave Encashment
i)
Contingent Provision against Depreciation in Investments
M
3URYLVLRQIRU7D[DWLRQ
k)
Other items
SCHEDULE 6 - PROFIT & LOSS :

3URWDVSHUODVW%DODQFH6KHHW
/HVV$SSURSULDWLRQVRISURWIRUWKH\HDU
Reserve Fund
Dividend
Public Charitable & Co-operative Purpose
Building Fund
Members Welfare Fund
([JUDWLDWR(PSOR\HHV
Education fund
Contingency Reserve
Special Reserve
General Reserve
Sub-Total
$GG3URWIRUWKH\HDUDVSHU3URW /RVV$FFRXQW
Total
99
(Amount in `)
SCHEDULE 7 - CASH :
i)
Cash-in-hand
(Including Foreign Currency Notes)
ii)
Balance with RBI in Current A/c
iii)
Balance with SBI and SBI Associates in Current A/c
iv) Balance with State Co-operative Banks
v)
Balance with District Central Co-operative Banks
Total
SCHEDULE 8 - BALANCE WITH OTHER BANKS & FOREIGN BANKS :
i)
Current Deposits
(Including ` 9,77,66,382.49 with Banks in Foreign Countries)
ii)
Savings Bank Deposits
LLL )L[HG 'HSRVLWV LQFOXGLQJ ` 13.02 crore pledged for
securing
funded/non-funded
facilities
and
CURRENT YEAR
31.03.2011
PREVIOUS YEAR
31.03.2010
75,97,18,192.18
85,98,74,544
10,21,48,86,168.57
5,87,14,504.78
2,37,045.40
38,71,847.70
11,03,74,27,758.63
9,06,61,19,904
6,67,26,383
3,27,152
86,07,486
10,00,16,55,468
83,54,72,749.43
84,40,94,489
0.00
1,42,74,48,855.86
85,063
3,53,82,49,473
2,26,29,21,605.29
4,38,24,29,025
44,25,00,85,423.57
39,97,24,49,461
8,69,61,311.27
1,80,50,940.00
1,45,42,52,783.30
32,44,11,633.40
11,46,15,259
1,80,45,990
1,11,99,73,004
32,44,11,633
40,00,00,000.00
2,58,02,52,500.00
0.00
1,38,805.00
49,11,41,53,396.54
32,970
8,06,02,48,850
48,94,53,000
40,37,591
50,10,32,67,758
3,25,50,39,746.08
2,93,96,86,437
10,86,24,790.78
3,36,36,64,536.86
11,61,06,655
3,05,57,93,093
5,98,50,679.20
5,48,50,470
52,53,76,68,612.60
53,21,39,11,321
treasury
operations)
Total
SCHEDULE 9 - INVESTMENTS :
(A) i)
In Central and State Government Securities
Face Value - ` 42,74,04,53,450
Market Value - ` 42,03,39,53,554
ii)
Other Trustee Securities
iii)
Shares in Co-operative Institutions
iv) PSU Bonds and Bonds of All India Financial Institutions
v)
Shares of Limited Company (including

Subsidiary Company ` 20 crore)

vi) Units of UTI/Other Mutual Funds
YLL &HUWLFDWHRI'HSRVLW
viii) Commercial Paper
L[ 2WKHU,QYHVWPHQW
Sub-Total
(including ` 1492.27 crore pledged for Treasury operations)
(B)
Reserve Fund Investments

i)
In Government Securities
Face Value - ` 3,27,99,52,000.00
Market Value - ` 3,20,41,09,918.04
ii)
Non SLR Bonds
Sub-Total
(C)
Members Welfare Fund Investments

In Central/State Government Securities
Face Value - ` 5,98,49,550.00
Market Value - ` 5,84,24,941.04
Total
100
(Amount in `)
CURRENT YEAR
31.03.2011
PREVIOUS YEAR
31.03.2010
15,15,70,837.35
46,44,44,96,306.46
5,11,61,421.72
46,64,72,28,565.53
17,42,82,862
42,43,25,66,939
5,75,22,062
42,66,43,71,863
46,06,90,21,358.19
4,97,19,75,320.04
1,42,11,12,359.07
42,30,10,96,760
4,30,81,04,196
1,34,58,51,118
2,67,63,453.61
26,26,89,10,313.62
58,02,89,872.91
26,87,59,63,640.14
3,10,00,163
18,22,73,50,520
72,11,08,805
18,97,94,59,488
26,82,65,81,616.62
1,38,46,88,675.36
95,75,70,320.15
18,97,60,76,997
1,26,60,28,537
1,03,16,93,416
Sub-Total
1,95,97,483.69
41,42,06,11,604.04
15,65,22,100.34
41,59,67,31,188.07
1,37,51,354
30,63,71,39,070
20,88,25,117
30,85,97,15,541
Of the Advances, amount due from individuals

Of the Advances, amount Overdue
Considered Bad and Doubtful of recovery (Fully Provided for)
Total
41,58,03,51,982.07
41,99,54,188.62
37,37,47,817.62
115,11,99,23,393.74
30,84,82,71,569
45,72,00,483
43,38,08,979
92,50,35,46,892
SCHEDULE 10 - ADVANCES :
I)
Short Term Loans, Cash Credit,
Overdrafts and Bills Discounted
Of which secured against :
a)
Government & Other approved Securities
b)
Other Tangible Securities
c)
Personal Advances
Sub-Total
II)
Medium Term Advances

a)
b)
c)
Personal Advances
Sub-Total
III)
Long Term Advances

a)
b)
c)
Personal Advances
101
(Amount in `)
CURRENT YEAR
31.03.2011
PREVIOUS YEAR
31.03.2010
2,46,29,324.50
2,46,29,325
Sub-Total
Total
33,31,861.84
3,16,774.88
36,48,636.72
2,09,80,687.78
30,15,086
3,16,776
33,31,862
2,12,97,463
Sub-Total
5,23,47,82,976.74
15,43,35,900.95
(44,37,000.00)
5,38,46,81,877.69
1,29,58,40,849
66,79,93,128
0
1,96,38,33,977
20,09,89,366.69
12,81,51,477.19
(2,77,313.00)
32,88,63,530.88
0.00
5,05,58,18,346.81
16,22,55,537
3,87,33,830
0
20,09,89,367
3,27,09,49,000
5,03,37,93,610
1,28,63,043.43
1,42,34,950.46
2,70,97,993.89
41,18,844.93
2,29,79,148.96
0
1,52,76,070
1,52,76,070
24,13,027
1,28,63,043
4,70,94,146.83
8,30,85,679.78
13,01,79,826.61
(1,09,39,500.45)
14,11,19,327.06
3,19,55,732.67
10,91,63,594.39
2,34,20,119
3,84,56,505
6,18,76,624
1,67,987
6,17,08,637
1,46,14,491
4,70,94,147
11,78,86,095.63
17,97,98,151.98
29,76,84,247.61
1,32,68,688.53
28,44,15,559.08
6,18,65,449.21
22,25,50,109.87
8,35,09,445
8,08,80,594
16,43,90,039
16,70,520
16,27,19,520
4,48,33,424
11,78,86,096
SCHEDULE 11 - FIXED ASSETS :

I.
LAND
LEASEHOLD LAND
Original Cost as on 1.4.2010
Amortisation
Amortisation upto last year
Amortisation for current year
II.
PREMISES (including freehold land)

Original Cost as on 1.4.2010
Less : Sales/Adjustment during the year
Depreciation
Depreciation upto last year
Depreciation for current year
Depreciation on sales
Sub-Total
Add : Revaluation during the year
Total
III.
LEASEHOLD IMPROVEMENT
Book value as on 1.4.2010
Sub-Total
Less : Depreciation for current year
Total
IV.
PLANT & MACHINERY

As on 1.4.2010
Sub-Total
Less : Sales/Adjustment
Sub-Total
Total
V.
FURNITURE & FIXTURE:

As on 1.4.2010
Sub-Total
Sub-Total
Total
102
(Amount in `)
VI.
CURRENT YEAR
31.03.2011
PREVIOUS YEAR
31.03.2010
10,74,869.22
0.00
10,74,869.22
3,799.54
10,71,069.68
7,10,622.81
3,60,446.87
32,39,717
5,82,153
38,21,871
1,95,220
36,26,651
25,51,781
10,74,869
Grand Total
7,59,39,460.50
70,14,884.00
(2,05,40,931.00)
6,24,13,413.50
4,68,64,661.87
91,13,061.96
(1,56,34,872.23)
4,03,42,851.60
2,20,70,561.90
34,54,202.00
5,45,73,77,098.58
7,41,57,582
85,85,350
(68,03,471)
7,59,39,461
3,95,36,308
1,15,25,444
(41,97,091)
4,68,64,662
2,90,74,799
24,75,44,200
5,51,06,28,226
Total
13,68,43,059.90
99,38,19,042.76
4,83,352.96
0.00
12,49,134.11
67,02,813.50
1,19,72,915.95
1,66,36,07,257.00
3,19,17,49,332.71
2,29,00,33,314.73
8,29,64,60,223.62
10,06,47,939
98,93,71,068
2,12,683
1,94,780
10,95,064
35,55,925
1,15,54,147
1,59,26,95,712
2,29,06,45,675
2,06,71,24,877
7,05,70,97,868
Total
5,53,92,93,125
4,12,50,82,625
5,97,30,65,302
15,63,74,41,052
5,45,23,91,710
4,03,45,49,745
6,01,33,88,140
15,50,03,29,595
COMPUTERS :
Book value as on 1.4.2010
Sub-Total
Sub-Total
Total
VII.
MOTOR CARS :
Original cost as on 1.4.2010
Less : Sold during the year
Sub-Total
Less : Depreciation upto last year
Depreciation for current year
Depreciation on sales
Sub-Total
Total
VIII. CAPITAL WORK-IN-PROGRESS(BUILDINGS)
SCHEDULE 12 - OTHER ASSETS :

i)
Deposit for Services
ii)
Interest Accrued on Investments
iii)
Rent Receivable
iv) Clearing Adjustment Account
v)
Rent on Lockers in Arrears
vi) Stamps on Hand
YLL 3UHSDLG([SHQVHV
YLLL 'HIHUUHG7D[$VVHW
L[ ,QFRPH7D[SDLG
[ 2WKHUGXHV
SCHEDULE 13 - CONTINGENT LIABILITIES :

i)
Letters of Credit
ii)
Guarantees
iii)
Forward Sale/Purchase Contracts
103
1RWHVIRUPLQJSDUWRIWKH%DODQFH6KHHWDVDW0DUFKDQG3URWDQG/RVV$FFRXQWIRUWKH\HDUHQGHG0DUFK
(I)
1)
Background :
The Saraswat Co-operative Bank Ltd. was incorporated in 1918 and provides a complete suite of corporate and retail
Banking products.
2)
Basis of preparation :
7KHQDQFLDOVWDWHPHQWVKDYHEHHQSUHSDUHGDQGSUHVHQWHGXQGHUWKHKLVWRULFDOFRVWFRQYHQWLRQRQWKHDFFUXDOEDVLVRI
accounting, unless otherwise stated, and comply with generally accepted accounting principles, statutory requirements
prescribed under the Banking Regulation Act, 1949, and the Multi State Co-operative Societies Act, 2002, circulars and
guidelines issued by the Reserve Bank of India (RBI) from time to time, the Accounting Standards (AS) issued by the
Institute of Chartered Accountants of India (ICAI) and current practices prevailing within the Banking industry in India.
3)
Use of estimates :
The preparation of the nancial statements, in conformity with generally accepted accounting principles, requires
management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and
expenses and disclosure of contingent liabilities at the date of the nancial statements. Actual results could differ from
those estimates. Management believes that the estimates used in the preparation of the nancial statements are prudent
and reasonable. Any revisions to the accounting estimates are recognized prospectively.
(II)
6LJQLFDQW$FFRXQWLQJ3ROLFLHV
1)
Accounting Convention :
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premises) and on going concern basis.
2)
Foreign currency transactions :

Transactions denominated in foreign currencies are accounted for at the rates prevailing on the date of the transaction.
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([FKDQJH'HDOHUV$VVRFLDWLRQRI,QGLD)('$,$OOSURWVORVVHVUHVXOWLQJIURP\HDUHQGUHYDOXDWLRQVDUHUHFRJQL]HGLQ
WKHSURWDQGORVVDFFRXQW
2XWVWDQGLQJIRUZDUGH[FKDQJHFRQWUDFWVDQGVSRWH[FKDQJHFRQWUDFWVDUHUHYDOXHGDW\HDUHQGH[FKDQJHUDWHVQRWLHG
E\)('$,7KHUHVXOWLQJJDLQVRUORVVHVRQUHYDOXDWLRQDUHLQFOXGHGLQWKHSURWDQGORVVDFFRXQWLQDFFRUGDQFHZLWK
RBI/FEDAI guidelines.
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REOLJDWLRQVGHQRPLQDWHGLQIRUHLJQFXUUHQFLHVDUHGLVFORVHGDWFORVLQJUDWHVRIH[FKDQJHQRWLHGE\)('$,
3)
Investments :
3.1
Categorisation of Investment :
,QDFFRUGDQFHZLWKJXLGHOLQHVLVVXHGE\5%,WKH%DQNFODVVLHVLWVLQYHVWPHQWSRUWIROLRLQWRWKHIROORZLQJWKUHH
categories :
i)
Held to Maturity - Securities acquired by the Bank with the intention to hold till maturity.
ii)
Held for Trading- Securities acquired by the Bank with the intention to trade.
LLL
$YDLODEOHIRU6DOH6HFXULWLHVZKLFKGRQRWIDOOZLWKLQWKHDERYHWZRFDWHJRULHVDUHFODVVLHGDVDYDLODEOHIRUVDOH
&ODVVLFDWLRQRI,QYHVWPHQWV
104
)RUWKHSXUSRVHRIGLVFORVXUHLQWKH%DODQFH6KHHW,QYHVWPHQWVKDYHEHHQFODVVLHGXQGHUIRXUJURXSVDVUHTXLUHG
under RBI guidelines Government Securities, Other Approved Securities, Shares and Bonds of PSU, Other
Investments.
3.3
Valuation of Investments :
(i)
Held to Maturity These investments are carried at their acquisition cost. Any premium on acquisition is
amortised over the balance period to maturity, with a debit to P & L A/c. The book value of security is reduced
to the extent of amount amortised during the relevant accounting period.
(ii)
Held for Trading Each security in this category is valued at the market price and the net resultant
depreciation in each classication (as mentioned in Para 3.2 above) is recognised in the Prot and Loss
Account. Net Appreciation, if any, is ignored.
(iii)
Available for Sale Each security in this category is valued at the market price and the net resultant
depreciation in each classication (as mentioned in Para 3.2 above) is recognised in the Prot and Loss
Account. Net Appreciation, if any, is ignored.
In case of shares & bonds & other investments, the scrip wise appreciation is ignored. Market value of
JRYHUQPHQWVHFXULWLHVH[FOXGLQJWUHDVXU\ELOOVLVGHWHUPLQHGRQWKHEDVLVRIWKHSULFHOLVWSXEOLVKHGE\5%,
or the prices periodically declared by PDAI jointly with FIMMDA for valuation at year-end. In case of unquoted
government securities market price or fair value is determined as per the rates published by FIMMDA.
Market value of other approved securities is determined based on the yield curve and spreads provided by
FIMMDA.
(TXLW\VKDUHVDUHYDOXHGDWFRVWRUWKHFORVLQJTXRWHVRQDUHFRJQLVHGVWRFNH[FKDQJHZKLFKHYHULVORZHU
Treasury bills are valued at carrying cost, which includes discount amortised over the period to maturity.
Units of mutual funds are valued at the lower of cost and net asset value provided by the respective mutual
funds.
Broken period interest on debt instruments is treated as a revenue item. Brokerage, commission, etc.
pertaining to investments paid at the time of acquisition is charged to revenue.
(v)
3URWLQUHVSHFWRILQYHVWPHQWVVROGIURP+70FDWHJRU\LVLQFOXGHGLQ3URWRQ6DOHRI,QYHVWPHQWVDQG
equal amount is transferred to Investment Fluctuation Reserve.
4)
Advances :
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non-performing advances has been arrived at in accordance with the guidelines issued by the RBI from time to time.
In addition to this, a general provision on standard assets has been made @0.40% of the outstanding amount on a
SRUWIROLREDVLVH[FHSWLQWKHFDVHRIGLUHFWDGYDQFHVWRDJULFXOWXUDODQG60(VHFWRUZKLFKKDVEHHQ#DQG
advances to Commercial Real Estate Sector @ 1%.
4.2
(iv)
The overdue interest in respect of non-performing advances is provided separately under Overdue Interest
Reserve as per the directives issued by RBI.
5)
Fixed Assets and Depreciation :
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Plant & Machinery & Leasehold Improvement are stated at written down value.
Premises (including Freehold land) : These are stated at the revalued amounts based on valuation reports less
depreciation.
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3ODQW 0DFKLQHU\)XUQLWXUH )L[WXUHVDQG0RWRU&DUVDUHGHSUHFLDWHGRQZULWWHQGRZQYDOXHPHWKRG#SD
LL 3UHPLVHVH[FOXGLQJIUHHKROGODQGDUHGHSUHFLDWHGRQVWUDLJKWOLQHPHWKRG#SD

(iii)
Lease improvement costs are depreciated over the period of lease.
(iv)
Leasehold Land is amortised over the period of lease.
(v)
Computers are depreciated on straight line method @33.33% as directed by RBI.
(vi)
Depreciation on revalued portion of Building is adjusted against Revaluation Reserve.
'HSUHFLDWLRQRQ[HGDVVHWVSXUFKDVHGGXULQJWKH\HDULVFKDUJHGIRUWKHHQWLUH\HDULIWKHDVVHWLVSXUFKDVHGDQG
UHWDLQHGIRUGD\VRUPRUHRWKHUZLVHLWLVFKDUJHGDWRIWKHQRUPDOUDWH1RGHSUHFLDWLRQLVFKDUJHGRQ[HG
DVVHWVVROGGXULQJWKH\HDU$OO[HGDVVHWVLQGLYLGXDOO\FRVWLQJOHVVWKDQ` 5000/- are fully depreciated in the year
of installation.
6)
Revenue Recognition :
6.1
Items of income and expenditure are accounted for on accrual basis.
,QFRPHIURPQRQSHUIRUPLQJDVVHWVLVUHFRJQLVHGWRWKHH[WHQWUHDOLVHGDVSHUWKHGLUHFWLYHVLVVXHGE\5%,
,QWHUHVWRQ*RYHUQPHQWVHFXULWLHVGHEHQWXUHVDQGRWKHU[HGLQFRPHVHFXULWLHVLVUHFRJQLVHGRQDFFUXDOEDVLV
Income on discounted instruments is recognised over the tenor of the instrument on a straight-line basis.
6.4
Dividend income is accounted on accrual basis when the right to receive payment is established.
105
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6.6
Income from distribution of insurance products is recognized on the basis of business booked.
7)
Deposit for Services :
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H[SHQGLWXUHLQWKH\HDULQZKLFKWKHUHOHYDQWVHUYLFHFRQQHFWLRQLVLQVWDOOHG

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7KH OLDELOLW\ WRZDUGV HPSOR\HH EHQHWV VXFK DV JUDWXLW\ OHDYH HQFDVKPHQW VWDII SHQVLRQ DQG XQDYDLOHG /7&
LV DVVHVVHG RQ WKH EDVLV RI DFWXDULDO YDOXDWLRQ DV DW WKH EDODQFH VKHHW GDWH DQG FRQVLGHUHG DV GHQHG EHQHW
schemes. The actuarial valuation is carried out as per projected unit credit method.
8.2
9)
The Banks contribution to provident fund is accounted for on the basis of contribution to the scheme.
Segment Reporting :
In accordance with the guidelines issued by RBI, Bank has adopted Segment Reporting as under :

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RQIXQGVERUURZHGIURPH[WHUQDOVRXUFHVDVZHOODVLQWHUQDOVRXUFHVDQGGHSUHFLDWLRQDPRUWLVDWLRQRISUHPLXPRQ
Held to Maturity category investments.
2.
Other Banking Operations include all other operations not covered under Treasury operations.
10)
Operating Leases :
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VWUDLJKWOLQHEDVLVRYHUWKHOHDVHWHUP,QLWLDOGLUHFWFRVWVDUHFKDUJHGWRSURWDQGORVVDFFRXQW
11)
Income-tax :
3URYLVLRQIRUFXUUHQWWD[LVPDGHRQWKHEDVLVRIHVWLPDWHGWD[DEOHLQFRPHIRUWKH\HDU
'HIHUUHGWD[LVUHFRJQLVHGVXEMHFWWRFRQVLGHUDWLRQRISUXGHQFHRQWLPLQJGLIIHUHQFHUHSUHVHQWLQJWKHGLIIHUHQFH
EHWZHHQWD[DEOHLQFRPHDQGDFFRXQWLQJLQFRPHWKDWRULJLQDWHGLQRQHSHULRGDQGLVFDSDEOHRIUHYHUVDOLQRQHRU
PRUHVXEVHTXHQWSHULRGV'HIHUUHGWD[DVVHWVDQGOLDELOLWLHVDUHPHDVXUHGXVLQJWD[UDWHVDQGWD[ODZVWKDWKDYH
been enacted or substantially enacted by the Balance Sheet Date.
12)
Provisions, contingent liabilities and contingent assets :
A provision is recognised when the Bank has a present obligation as a result of past event where it is probable that an
RXWRZRIUHVRXUFHVZLOOEHUHTXLUHGWRVHWWOHWKHREOLJDWLRQLQUHVSHFWRIZKLFKDUHOLDEOHHVWLPDWHFDQEHPDGH3URYLVLRQV
are not discounted to its present value and are determined based on best estimate required to settle the obligation at the
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:KHQWKHUHLVDSRVVLEOHRUDSUHVHQWREOLJDWLRQLQUHVSHFWRIZKLFKWKHOLNHOLKRRGRIRXWRZRIUHVRXUFHVLVUHPRWHQR
provision or disclosure is made.
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DQGLILWLVYLUWXDOO\FHUWDLQWKDWDQLQRZRIHFRQRPLFEHQHWVZLOODULVHWKHDVVHWDQGUHODWHGLQFRPHDUHUHFRJQL]HGLQ
the period in which the change occurs.
(III)
Notes to Accounts :
106
1)
The share capital includes 7,86,068 shares of ` 10/- each in respect of the persons who have not subscribed to additional
shares to make their shareholding minimum of 50 shares as required under Bye-law No. 6C and as a result, they are not
entitled to their membership rights.

7KH%DQNKDVZDLYHGORDQVGXHIURPIDUPHUVIXOOOLQJWKHFRQGLWLRQVXQGHUWKH'HEWZDLYHUVFKHPHVVWLSXODWHGE\WKH
Central Government and the Maharashtra State Government, as applicable to Urban Co-operative Banks. The amount
receivable from the Government of India amounting to ` 0.82 crore has been shown under the head Advances in the
Balance Sheet in terms of RBI guidelines in this regard.
3)
During the year, Bank has paid VRS Compensation of ` 1.42 crore and an amount of ` 0.12 crore was reversed to the
3URW /RVV$FFRXQWVXEVHTXHQWWRZLWKGUDZDORIDQDSSOLFDWLRQXQGHUWKHVFKHPH$VVXFKQHWDPRXQWRI` 1.30 crore
LVUHHFWHGXQGHUWKHKHDG([FHSWLRQDO,WHPVLQWKH3URW /RVV$FFRXQW

7KH%DQNKDVFKDUJHGWRLWV3URW /RVVDFFRXQWDVXPRI` 0.80 crore out of Deferred Amortisation of Investments

and balance ` 3.10 crore is deferred as permitted by RBI.
5)
In terms of RBI directives, following additional disclosures are made :

(` in crore)
Sr. No. Particulars
1.
Capital to Risk Asset Ratio
2.
Movement in CRAR
(i) Total Capital Funds
(ii) Risk Weighted Assets
3.
Investments :
(i) Book Value
(ii) Face Value
(iii) Market Value
4.
Advances against :
(i) Real Estate
(ii) Construction business
(iii) Housing
5.
Advances against shares & debentures
6.
$GYDQFHVWRGLUHFWRUVWKHLUUHODWLYHVFRPSDQLHVUPVLQZKLFKWKH\DUH
interested :
(i) Fund based
(ii) Non-Fund based
7.
Average cost of deposits
8.
NPAs
(i) Gross NPAs
(ii) Net NPAs
9.
Movement in NPAs
(i) Gross NPAs
Opening Balance
Add : Additions during the year
Less : Reduction during the year
Closing Balance
(ii) Net NPAs
Opening Balance
Closing Balance
10.
3URWDELOLW\
(i) Interest income as a percentage of working funds
(ii) Non-interest income as a percentage of working funds
LLL 2SHUDWLQJSURWDVDSHUFHQWDJHRIZRUNLQJIXQGV
(iv) Return on average Assets
(v) Business (Deposits + Advances) per employee
YL2SHUDWLQJSURWSHUHPSOR\HH
11.
Provisions made towards :
(i) NPAs
(ii) Depreciation in investments towards revaluation
12.
Movement in Provisions :
(i) Towards NPAs
Opening Balance
Closing Balance
31.03.2011
12.74%
31.03.2010
14.63%
1421.41
11154.87
1356.38
9269.08
5253.77
5101.21
5016.55
5321.39
5183.61
5132.74
554.91
24.45
1651.95
26.88
421.23
49.01
1152.68
28.24
Nil
Nil
6.24%
Nil
Nil
7.12%
374.41
-0.05
362.38
-1.84
362.38
107.64
95.61
374.41
365.26
107.84
110.72
362.38
-1.84
12.03
10.24
-0.05
-4.98
-2.87
-6.01
-1.84
7.88%
0.93%
1.53%
1.16%
8.18
0.09
7.54%
1.00%
0.94%
0.74%
8.08
0.05
51.76
24.96
35.57
13.25
364.23
51.76
41.52
374.47
370.24
35.57
41.58
364.23
107
(` in crore)
Sr. No. Particulars
(ii) Towards Depreciation on investments
Opening Balance
Closing Balance
(iii) Towards Standard assets
Opening Balance
Closing Balance
13.
(i) Foreign currency assets
(ii) Foreign currency liabilities
6)
31.03.2011
31.03.2010
13.18
24.96
9.40
28.74
9.73
13.25
9.80
13.18
36.45
6.39
0.00
42.84
241.48
225.27
36.34
0.10
0.00
36.45
274.78
179.62
In connection with Repo/Reverse Repo transactions :

(` in crore)
Particulars
Minimum
outstanding
during the year
Maximum
outstanding
during the year
Daily average
outstanding
during the year
Outstanding as on
March 31, 2011
0.00
(Nil)
0.00
(Nil)
837.29
(27.71)
0.00
(Nil)
128.14
(0.08)
0.00
(Nil)
0.00
(Nil)
0.00
(Nil)
Securities purchased under reverse repo

i. Government Securities
0.00
(Nil)
ii. Corporate debt securities
0.00
(Nil)
0.00
(753.45)
0.00
(Nil)
0.00
(13.72)
0.00
(Nil)
0.00
(Nil)
0.00
(Nil)
Security sold under repos

i. Government Securities
ii. Corporate debt securities
1RWH)LJXUHVLQEUDFNHWVUHSUHVHQWSUHYLRXV\HDUVJXUHV
7)
i)
Issuer Composition of Non-SLR investments :

(` in crore)
Sr.
No.
108
Particulars
1.
PSUs
2.
FIs
3.
Public Sector Banks
4.
Mutual Fund
5.
Others
6.
Provision held towards

depreciation
TOTAL
Amount
25.28
(27.58)
100.83
(72.23)
25.18
(829.82)
40.00
(Nil)
39.15
(83.09)
(3.68)
(1.58)
230.44
(1012.72)
Extent of Below Extent of Unrated Extent of Unlisted

Investment Grade
Securities
Securities
Securities
3.81
3.81
20.16
(4.34)
(4.34)
(22.42)
0.00
0.00
0.00
(Nil)
(Nil)
(0.05)
0.00
0.00
0.00
(Nil)
(Nil)
(Nil)
0.00
NA
NA
(Nil)
(NA)
(NA)
0.00
0.00
0.00
(Nil)
(Nil)
(Nil)
XXX
XXX
XXX
XXX
XXX
XXX
3.81
3.81
20.16
(4.34)
(4.34)
(22.47)
ii)
Non-performing Non-SLR investments :

(` in crore)
Particulars
8)
Amount
31.03.2011
Amount
31.03.2010
Opening Balance
1.25
1.29
0.00
0.00
Reductions during the year
0.00
0.04
Closing Balance
1.25
1.25
Total provisions held
1.25
1.25
Details of advances restructured as on March 31, 2011 are given below.

(` in crore)
Particulars
I.
II.
Standard advances
restructured
Sub-Standard advances
restructured
III. Doubtful advances

restructured
Total
CDR Mechanism
SME Debt
Restructuring
Others
No. of Borrowers
31
(37)
21
(27)
Amount Outstanding
186.50
(227.37)
131.70
(141.13)
Diminution in the fair

value
0.16
(0.34)
1.79
(0.10)
No. of Borrowers
3
(Nil)
1
(Nil)
Amount Outstanding
7.47
(Nil)
0.21
(Nil)

value
No. of Borrowers
2
(1)
Amount outstanding
1.08
(1.62)

value
No. of Borrowers
36
(38)
22
(27)
Amount outstanding
195.05
(228.99)
131.91
(141.13)

value*
0.16
(0.34)
1.79
(0.10)
*Total provision as on March 31, 2011 stands at ` 2.00 crore.

109

(PSOR\HH%HQHWV$FFRXQWLQJ6WDQGDUG5HYLVHG
9.1. Banks Contribution to Provident Fund ` 10.99 crore (Previous year - ` 9.41 crore)
9.2.
Sr. Particulars
No.
Gratuity (Funded)
Pension (Unfunded)
31.03.11
31.03.10
31.03.11
31.03.10
I.
Discount rate
8.25% p.a.
8.25% p.a.
8.25% p.a.
8.25% p.a.
II.
Expected return on plan assets
8.00% p.a.
8.00% p.a.
III.
Salary Escalation rate
4.00% p.a.
5.00% p.a.
4.00% p.a.
5.00% p.a.
(` in crore)
IV.
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EHQHWREOLJDWLRQ
Present value of obligation at the beginning of the year
55.79
61.15
28.99
28.82
Interest cost
4.74
4.43
2.34
2.33
Current service cost
3.35
2.98
0.09
0.90
(3.30)
(17.56)
(1.31)
(1.25)
1.24
(4.79)
3.69
1.81
61.82
55.79
33.80
28.99
Liability transfer in
%HQHWVSDLG
Actuarial gain/(loss) on obligations
Present value of obligation at the end of the year
V.
Reconciliation of Gratuity and Pension of opening and closing balance of the fair value of the plan assets:
Fair value of plan assets at the beginning of the year
55.79
61.18
([SHFWHGUHWXUQRQSODQDVVHWV
4.85
2.27
Contributions
6.51
9.16
0.74
%HQHWVSDLG
(3.30)
(17.56)
Actuarial gain/(loss) on plan assets
(2.03)
Fair value of plan assets at the end of the year
61.82
55.79
Present value of obligation at the end of the year
61.82
55.79
33.80
28.99
Fair value of plan assets at the end of the year
61.82
55.79
33.80
28.99
3.35
2.98
0.09
0.90
Interest cost
4.74
4.43
2.34
2.33
(1.58)
1.75
3.69
1.81
6.51
9.16
6.12
1.42
Transfer from other entity
VI. Amount recognized in balance sheet :
Assets/Liability as at the end of the year

VII. ([SHQVHVUHFRJQL]HGLQSURWDQGORVVDFFRXQW
Net actuarial gain/(loss)

([SHQVHVUHFRJQL]HGLQ3 /DFFRXQW
110
10)
Primary Segment Reporting (by Business Segments) Accounting standard 17 :

Particulars
Revenue
Segment Revenue
Result
Treasury
Other Banking
Operations
483.70
(438.62)
22.74
(2.66)
1207.16
(1019.58)
272.06
(176.51)
1690.86
(1458.20)
294.80
(179.17)
Nil
(Nil)
294.80
(179.17)
81.23
(40.00)
1.30
(19.49)
212.27
(119.68)
6564.08
(6817.70)
14099.93
(11788.74)
643.41
(367.91)
19049.61
(17438.35)
20664.01
(18606.44)
486.09
(388.33)
21150.10
(18994.77)
19693.02
(17806.26)
0.00
(0.00)
19693.02
(17806.26)
8QDOORFDWHG([SHQVHV
2SHUDWLQJ3URW
,QFRPH7D[
([FHSWLRQDO,WHP
1HW3URW
Other Information
Segment assets
Unallocated Assets
Total Assets
Segment liabilities
Unallocated Liabilities
Total Liabilities

11)
(` in crore)
March 31, 2011
(March 31, 2010)
Notes :
1)
These segments have been reported considering the nature of products or services, the class of customers for the
products or services, different risks and returns attributable to them, organisation structure and internal management
information system.
2)
Types of products & services in each business segment :

L
7UHDVXU\'HDOLQJ2SHUDWLRQVLQ)RUH[0RQH\PDUNHW )L[HG,QFRPH3URGXFWV
ii)
Other Banking Operations : Corporate & Retail Banking & Allied services.
3)
Secondary Segment Information : Bank caters mainly to the needs of Indian customers; hence separate information
regarding secondary segment i.e. Geographical segment is not given.
)LJXUHVLQEUDFNHWVUHSUHVHQWSUHYLRXV\HDUVJXUHV
6HJPHQW/LDELOLWLHVH[FOXGH&DSLWDODQG5HVHUYHVRWKHUWKDQWKRVHVSHFLFDOO\LGHQWLDEOHZLWKDVHJPHQW
Related Party Disclosures (AS-18) :
11.1
(` in crore)
Items /Related Party
Saraswat Infotech Ltd.
Saraswat Infotech Ltd.
(Subsidiary Company)
(Subsidiary Company)
31.03.2011
31.03.2010
)L[HGGHSRVLWZLWK%DQN
2.55
0D[GXULQJWKH\HDU
` 7.00 Crore)
Investment in subsidiary
20.00
20.00
Interest paid by Bank on FDRs
0.19
0.39
Rendering of service to Bank
30.47
26.20
Secured Term Loan
3.03
8.50
&KDUJHVWRZDUGV2IFH,QIUDVWUXFWXUHPDLQWHQDQFHSDLGE\6,/
1.76
1.76
Transfer of Car at WDV
0.12
11.2 Since Mr. S. K. Banerji, the Managing Director of the Bank is a single party under the category Key Management
Personnel, no further details need to be disclosed in terms of RBI circular dated March 29, 2003.
111
2SHUDWLQJOHDVHFRPSULVHVOHDVLQJRIRIFHSUHPLVHV$FFRXQWLQJVWDQGDUG
Particulars
Future lease rental payable as at the end of the year :
- Not later than one year
/DWHUWKDQRQH\HDUDQGQRWODWHUWKDQYH\HDUV
/DWHUWKDQYH\HDUV
7RWDORIPLQLPXPOHDVHSD\PHQWVUHFRJQL]HGLQWKHSURWDQGORVVDFFRXQWIRUWKH\HDU
7RWDORIIXWXUHPLQLPXPVXEOHDVHSD\PHQWH[SHFWHGWREHUHFHLYHGXQGHUQRQ
cancellable sub-lease
6XEOHDVHSD\PHQWVUHFRJQL]HGLQWKHSURWDQGORVVDFFRXQWIRUWKH\HDU
0DMRUFRPSRQHQWVRI'HIHUUHGWD[$FFRXQWLQJVWDQGDUG

Deferred tax asset
1. Section 43B
2. Provision for BDDR
3. Provision for Standard Assets
4. Amortisation of HTM Securities
5. VRS
6. Other
Sub-Total (A)
Deferred tax liability
1. Difference in W.D.V.
2. Other
Sub-Total (B)
Net Deferred Tax Asset (A)-(B)
` in crore)
31.03.2011
31.03.2010
18.63
75.36
27.75
21.45
NIL
12.60
37.98
13.43
15.93
NIL
NIL
NIL

31.03.2011
14.68
118.76
13.24
19.27
6.47
0.90
173.32
` in crore)
31.03.2010
13.67
114.99
11.26
14.02
8.33
0.48
162.75
4.88
2.08
6.96
166.36
3.48
0.00
3.48
159.27
Note : Deferred tax asset has been recognised to the extent management is reasonably certain of its realization.
Details of Computer Software other than internally generated (Accounting Standard 26) :
a)
Amortisation rates used @33.33% p.a. on straight line method. (However, if useful life of software is shorter, then
proportionate rates are used)
(` in crore)
31.03.2011
31.03.2010
Opening Balance (at cost) as on April 1,
4.44
4.42
0.00
0.02
Sub-Total (A)
4.44
4.44
Less : Amortisation made :
Opening Balance
4.42
4.31
Add : Amortisation during the period
0.01
0.11
Sub-Total (B)
4.43
4.42
Net carrying amount as on March 31, (A)-(B)
0.01
0.02
b)
Amount of commitments (net of advance) for the acquisition of computer software - ` Nil (Previous year - ` Nil)
15) Suppliers/service providers covered under Micro, Small, Medium Enterprises Development Act, 2006, have not furnished
WKHLQIRUPDWLRQUHJDUGLQJOLQJRIQHFHVVDU\PHPRUDQGXPZLWKWKHDSSURSULDWHDXWKRULW\7KHUHIRUHLQIRUPDWLRQUHODWLQJ
to cases of delays in payments to micro and small enterprise or of interest payments due to delays in such payments,
could not be given.

7KHLQFRPHWD[DXWKRULWLHVKDYHUDLVHGGHPDQGRI` 9.07 crore for two assessment years, which is contested by the Bank
in appeal. No provision is considered necessary in respect of this demand, as the Banks view, duly supported by judicial
SURQRXQFHPHQWVLVWKDWWKHDGGLWLRQVGLVDOORZDQFHVPDGHE\WKHLQFRPHWD[DXWKRULWLHVDUHQRWVXVWDLQDEOH

7KH%DQNKDGFUHDWHG6SHFLDO5HVHUYHXVYLLLRIWKH,QFRPH7D[$FWWRWKHWXQHRI` 28.31 crore. Over the
years, the Bank has been able to claim deduction u/s 36 (1)(viii) to the tune of ` FURUHRQO\7KHH[FHVVVSHFLDO
UHVHUYHFUHDWHGWRWKHH[WHQWRI` FURUHKDVEHHQUHYHUVHGWRWKHSURW ORVVDFFRXQWLQWKHFXUUHQW\HDU
(IV) Previous years gures are regrouped or rearranged, wherever necessary, to conform to the layout of the accounts of the
current year.
14)

sd/sd/P.M. PARULEKAR
S.K. BANERJI
Partner
Managing Director
112
sd/A.V. DUBHASHI
Director
sd/S. V. DESHPANDE
Director
sd/K.V. RANGNEKAR
Vice-Chairman
sd/E.K. THAKUR
Chairman
CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH 31, 2011
(` in lac)
31.03.2011
CASH FLOW FROM OPERATING ACTIVITIES:
1HW3URWDVSHU3/DFFRXQW
Add : Adjustments for
Depreciation on Assets
)L[HGDVVHWVZULWWHQRII
Amortisation of Investment
Depreciation of Investment
3URYLVLRQIRU7D[
Provision for BDDR
Provision for Standard Assets
1546.04
42.37
1988.52
2563.62
8832.15
3091.61
639.00
Less :3URWRQ6DOHRI$VVHWV
3URWRQ6DOHRI6HFXULWLHV
Dividend received from subsidiary SIL
Deferred VRS Compensation
'HIHUUHGWD[$VVHWV
28.96
3882.20
305.26
0.00
709.11
31.03.2010
21226.72
Adjustments for
Increase in Investments
Increase in Advances
Increase in Other Assets
Increase in Funds
Increase in Deposits
Increase in Other Liabilities
Deferred Amortisation of Investments
Net cash generated from Operating Activities before tax
,QFRPHWD[SDLG
Net cash generated from Operating Activities after tax
(A)
CASH FLOW FROM INVESTING ACTIVITIES:
3XUFKDVHRI)L[HG$VVHWV
Dividend received from subsidiary SIL
6DOH3URFHHGVRI)L[HG$VVHWV
Net Cash generated from Investing Activities
27200.50
(226163.76)
(2673.48)
(2324.76)
153423.21
(2088.90)
80.05
11967.42
1160.60
14.99
2149.13
1396.05
5100.00
2186.60
10.00
18703.31
39930.03
(5.82)
5041.51
208.77
(1586.35)
1099.93
(4925.53)
35004.50
(52547.14)
(17542.64)
(9011.03)
(26553.67)
(54633.65)
(113994.89)
(1132.10)
30037.96
134788.22
2518.24
71.10
(1943.97)
305.26
100.57
(B)
CASH FLOW FROM FINANCING ACTIVITIES:

Increase in Share Capital
Increase in Borrowing
Dividend Paid
Net Cash generated from Financing Activities
Net increase in cash & cash equivalents
12017.37
23984.79
(4758.04)
19226.75
(2345.12)
16881.63
(4812.93)
12068.70
(38779.43)
208.77
25.57
(1538.14)
(28091.81)
(38545.09)
(26476.39)
1660.13
28361.44
(1379.43)
873.44
(10199.57)
(1406.11)
(C)
(A+B+C)
28642.14
550.33
(10732.24)
(37208.63)
Cash & Cash Equivalents at the beginning of the year

Cash & Cash Equivalents at the end of the year
121642.91
122193.24
158851.54
121642.91
Cash & Cash Equivalents

Cash
%DODQFHZLWKRWKHUEDQNVH[FOXGLQJ7HUP'HSRVLW
31.03.2011
110374.28
8354.73
31.03.2010
100016.55
8441.80
Money at call & short notice
3464.23
122193.24
13184.56
121642.91

sd/P.M. PARULEKAR
Partner
sd/-
sd/-
sd/-
sd/-
sd/-
S.K. BANERJI
A.V. DUBHASHI
S. V. DESHPANDE
K.V. RANGNEKAR
E.K. THAKUR
Managing Director
Director
Director
Vice-Chairman
Chairman
113
PROGRESS - AT A GLANCE
1920-2011
Year
1920
Silver Jubilee
1943
Golden Jubilee
1968
1972
1973
1974
1975
1976
Diamond Jubilee
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992#
Platinum Jubilee
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
(` in lac)
No. of
Members
190
Paid-up
Capital
0.06
Reserve &
Other Funds
1,698
1.25
1.00*
15,207
22,835
23,828
27,150
29,978
32,830
14.43
24.89
29.83
38.40
44.88
51.52
18.82*
31.36*
28.41*
35.68*
44.43*
54.78*
39,104
44,049
50,694
57,489
64,240
69,042
75,977
83,162
90,606
97,071
1,02,384
1,10,269
1,21,740
1,27,646
1,30,074
76.91
94.12
120.60
156.79
192.63
223.24
262.24
312.79
366.09
409.37
462.70
531.51
630.21
706.07
760.90
820.94
902.32
986.22
1,049.29
1,157.12
1,291.49
1,519.43
2,035.28
2,443.81
2,709.00
3,044.44
3,457.77
4,156.48
4,896.57
6,877.24
7,120.97
7,749.67
8,623.11
10,283.24
1,29,284
1,30,758
1,31,569
1,32,046
1,32,909
1,34,061
1,36,007
1,42,031
83,272**
85,636**
89,117**
94,044**
1,00,581**
1,06,264**
1,23,169**
1,26,174**
1,29,741**
1,34,417**
1,62,560**
Amount
0.01
ADVANCES
No. of A/cs
4,293
23.48
41,703
58,862
69,728
77,487
87,912
1,04,025
565.33
963.18
1,100.00
1,412.82
1,527.06
1,961.57
2,718
3,699
3,953
4,888
5,323
6,081
130.40
194.92
261.94
387.94
488.99
567.46
624.58
693.10
840.96
974.48
1,184.18
1,446.63
1,952.28
2,893.61
4,120.52
1,44,520
1,67,198
1,93,033
2,32,317
2,75,121
3,19,602
3,58,366
3,19,528
4,18,708
4,49,286
4,75,335
5,02,284
5,44,548
5,97,496
6,48,424
3,189.41
3,989.92
4,911.84
6,194.37
8,106.71
10,445.95
12,991.46
15,849.76
19,373.40
22,914.72
28,451.01
31,038.07
37,447.63
45,541.01
51,451.77
10,557
13,712
18,603
22,235
24,591
25,090
26,728
29,922
33,177
36,379
37,747
43,484
51,428
54,405
53,226
4,778.02
4,924.41
6,295.41
9,145.06
12,575.32
15,810.05
19,458.27
24,410.99
31,236.00
39,795.96
47,841.14
55,587.75
70,162.39
82,198.60
97,362.05
1,05,973.67
1,09,671.08
1,18,413.65
1,37,065.78
7,11,219
7,79,212
8,45,341
8,97,713
9,14,713
9,47,833
10,00,141
10,84,261
11,09,969
12,17,662
12,99,736
12,29,976
11,80,900
14,00,757
18,11,635
21,92,673
25,02,655
24,39,699
25,59,939
63,211.46
79,233.15
91,120.13
1,08,930.40
1,38,141.97
1,68,035.59
2,03,181.86
2,37,951.84
2,81,776.31
3,37,767.21
3,66,059.68
4,05,270.26
4,78,614.38
6,20,428.65
8,92,494.33
11,43,081.93
12,91,884.64
14,26,672.86
15,80,096.07
54,151
61,263
73,138
77,154
79,654
82,429
84,531
87,642
75,006
75,381
73,308
77,917
85,312
1,00,115
1,16,687
1,22,626
1,27,769
2,75,479
1,11,991
* Including Interest Reserve

** Shareholders holding shares 50 and above
# Financial Year : Change of Banks accounting year since 1992 (April-March)
114
DEPOSITS
No. of A/cs
PROGRESS - AT A GLANCE
1920-2011
(` in lac)
1HW3URW
Working
Capital
0.07
3.23
19.95
247.80
599.78
622.78
880.61
893.11
1,006.99
Advances
Amount
0.06
Investments
0.02
Total Amt. of
Dividend
Rate of
Dividend
No. of
Branches
1
26.15
0.15
0.07
6.25%
290.37
351.10
484.15
550.42
675.50
1,005.92
623.05
1,094.42
1,256.62
1,610.63
1,763.27
2,222.87
2.52
7.12
8.15
6.76
9.01
15.47
1.30
2.25
2.60
3.25
3.80
5.80
9.00%
9.00%
9.00%
9.00%
9.00%
12.00%
9
16
18
19
20
20
1,373.30
1,969.00
3,025.17
3,381.47
5,106.81
6,508.41
7,676.78
8,971.03
11,322.06
13,550.34
16,163.43
19,233.62
23,709.05
26,051.59
28,473.76
1,951.06
2,188.60
2,188.62
3,182.74
3,434.15
4,275.89
5,640.36
7,040.29
8,796.67
10,231.78
13,120.54
9,231.86
10,119.16
13,092.37
17,560.62
3,611.75
4,535.81
5,901.83
7,728.06
9,991.28
15,767.14
15,581.07
19,311.54
24,213.61
26,570.23
32,802.00
36,532.31
44,464.08
55,242.28
64,032.95
26.09
30.52
35.11
51.16
65.09
70.57
59.79
69.94
118.76
145.47
165.75
196.01
301.40
430.46
468.33
8.30
10.25
12.40
16.50
20.75
24.75
28.50
33.90
40.00
46.02
51.19
58.07
69.25
78.90
81.75
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
15.00%
24
26
30
34
35
37
39
41
41
42
42
42
45
47
50
34,424.40
45,837.00
59,682.67
71,324.70
88,087.80
1,13,907.47
1,38,380.24
1,70,310.76
1,80,542.56
2,04,339.78
2,22,359.50
2,61,675.60
3,24,722.93
4,60,898.62
6,37,045.87
7,44,830.67
8,11,040.59
9,25,035.47
11,51,199.23
31,022.23
34,974.74
35,185.80
42,042.27
53,534.87
63,459.20
85,431.42
95,639.19
1,25,554.41
1,65,198.50
1,77,262.65
1,56,615.16
2,05,289.40
1,98,977.97
2,60,989.72
4,35,006.22
4,79,150.75
5,32,139.11
5,25,376.69
84,821.62
1,06,411.84
1,30,031.69
1,61,866.40
1,96,927.69
2,47,374.86
3,12,590.57
2,95,608.33
3,41,061.54
4,06,281.05
4,38,696.89
4,93,749.72
5,90,348.41
7,63,100.74
10,74,547.13
13,87,410.43
15,62,281.73
17,07,105.88
19,18,627.10
633.50
679.96
742.66
865.54
1,100.00
1,239.01
1,423.97
1,734.09
2,341.54
2,600.00
2,935.85
6,225.26
7,037.88
10,120.29
15,517.92
20,226.06
21,079.23
11,967.42
21,226.72
18.00%
15.00%
15.00%
15.00%
18.00%
15.00%
15.00%
18.00%
20.00%
20.00%
18.00%
18.00%
18.00%
18.00%
18.00%
20.00%
20.00%
20.00%
20.00%*
50
52
56
58
59
61
63
69
72
75
76
75
75
86
105
153
175
200
216
116.45
126.40
140.00
151.00
204.00
185.00
228.00
314.90
390.00
492.05
408.03
553.47
659.52
789.99
1,138.42
1,285.00
1,489.13
1,590.62
1,847.16*
* Recommended
115
INVOLVEMENT OF SMALL MAN

OUR MEMBERS
No. of Members
Percentage
50-51
49586
30.50
52-250
36084
22.20
251-1500
53691
33.03
1501-2500
23199
14.27
162560
100.00
No. of Accounts
Percentage
Upto ` 1000/-
479431
18.73
` 1001/- to ` 5000/-
484297
18.92
` 5001/- to ` 10000/-
229127
8.95
` 10001/- to ` 20000/-
231319
9.03
` 20001/- to ` 30000/-
174563
6.82
Above ` 30000/-
961202
37.55
2559939
100.00
No. of Accounts
Percentage
Upto ` 5000/-
7452
6.65
` 5001/- to ` 10000/-
5306
4.74
` 10001/- to ` 25000/-
16937
15.12
Above ` 25000/-
82296
73.49
111991
100.00
No. of Accounts
(` in Crore)
10182
2443.75
4673
526.94
31196
2795.21
46051
5765.90
No of Shares Held
OUR DEPOSITORS
OUR BORROWERS
Advances to Priority Sector
Small Scale Industries

Small Businessmen & Traders
Other Priority Sector
116

REPORT OF THE BOARD OF DIRECTORS
To the Members,
Your Board of Directors is pleased to present the Fifth Annual
Report of the Company together with the audited statement of
DFFRXQWVIRUWKHQDQFLDO\HDUHQGHGVW0DUFK
INDUSTRY AND COMPANY PROSPECTS :
Information and Technology industry continues to achieve
LQFUHDVHG EXVLQHVV OHYHOV $OO WKH YH WRS ,QGLDQ 6RIWZDUH
majors have recorded rise in the revenue and have given
XSZDUGUHYHQXHH[SHFWDWLRQVLQWKHUVWTXDUWHURIWKHQDQFLDO
year 2011-2012.
In the Indian Banking industry, core banking application is
now deep rooted in all the major banks. In the co-operative
sector too, demand for core banking application has gained
PRPHQWXPGXHWRLPSURYHGQDQFLDOVRIFRRSHUDWLYHEDQNV
as well as demand from the customers for technology enabled
banking services. Of the 1,632 total urban co-operative banks
all over India, we estimate that nearly 369 co-operative banks
are on the verge of implementing Core Banking Solution
&%6 7KH\ DOVR KDYH IDLU QDQFLDOV ,Q WKH 'LVWULFW &HQWUDO
&RRS%DQN'&&%VHJPHQWZHDUHWDUJHWLQJSURWPDNLQJ
'&&%VZKLFKDUHVL[W\VL[LQQXPEHU
FINANCIAL RESULTS :
(` in million)
Particulars
Income:
Operational Income
Other Income
Total Income
3URWEHIRUH,QWHUHVW
'HSUHFLDWLRQ 7D[
Less :
Interest
Depreciation
3URWEHIRUH7D[
3URYLVLRQIRU7D[
7D[$GMXVWPHQWSULRU\HDU
'HIHUUHG7D[/LDELOLW\$VVHWV
3URWDIWHU7D[HV
Add :
Balance b/f of earlier year
3URW$YDLODEOHIRU$SSURSULDWLRQ
Transfer to General Reserve
Interim & Final Dividend
7D[RQ'LYLGHQG
3URW /RVV%DODQFHFI
20102011 20092010
357.14
3.77
360.91
311.92
4.39
316.31
168.78
124.92
9.07
102.83
56.88
13.50
4.77
38.61
2.87
53.76
68.29
12.93
0.61
25.20
29.55
74.95
113.56
5.50
30.53
5.07
72.46
72.04
101.59
2.22
20.88
3.55
74.94
REVIEW OF OPERATIONS :
During the year under review, gross sales have increased from
` 316.31 million in the previous year to ` 360.91 million. The
strategic decision of your Company to acquire Core Banking
Solution (CBS) and brand it as Swiftcore product, has given
momentum in getting new orders for providing Core Banking

Solution (CBS) on SaaS and also license-to-use basis to the
Co-operative Sector Banks. During the year under review,
\RXU&RPSDQ\KDVDGGHGVL[8UEDQ&RRSHUDWLYH%DQNVDQG
one District Central Co-operative Bank to its client list. Also
two more Co-operative Credit Societies have appointed us for
automating their operations at Branch level. The addition of
new clients as well as increased business from Saraswat Bank
DQG RWKHU H[LVWLQJ FOLHQWV KDV UHVXOWHG LQ ULVH LQ JURVV VDOHV
revenue during the year under review.
1HW SURW DIWHU WD[ KDV LQFUHDVHG IURP ` 29.55 million to
`PLOOLRQGXULQJWKH\HDU1HWSURWDIWHUWD[KDVLQFUHDVHG
despite additional burden of depreciation on the Core Banking
Solution Swiftcore product acquired by the Company, from
` 53.76 million in the previous year to ` 102.83 million. Reduction
LQGHIHUUHGWD[OLDELOLW\WRRKDVUHVXOWHGLQLPSURYHGSURWDELOLW\
Financials in brief :
(` in million)
Particulars
Capital
Reserves
Total Net Worth
Current Ratio (per cent)
EBIDT
Book Value per Share (in `)
Earnings per Share (in `)
2010-11
152.63
145.35
297.98
1.60
168.78
19.52
2.53
2009-10
152.63
142.33
294.96
1.72
124.92
19.33
*2.83
Change
2.12%
1.02%
-6.98%
35.11%
0.98%
-10.60%
*Note: In FY 2009-10, weighted period for which shares were

held, was considered while calculating Earnings Per Share (EPS).
TRANSFER TO RESERVES :
The Company proposes to transfer ` 5.50 million (FY 2009-10
` 2.22 million) to the General Reserve by retaining
` 72.46 million (FY 2009-10 ` PLOOLRQ LQ WKH 3URW
Loss Account.
DIVIDEND :
Your Board of Directors have approved and paid an Interim
Dividend at the rate of ` 2/-, i.e. 20 per cent per Equity Share
of ` HDFK IRU WKH ZKROH \HDU RQ H[LVWLQJ SDLGXS FDSLWDO
7RWDO RXWRZ RQ WKLV DFFRXQW LV ` 35.60 million including
&RUSRUDWH'LYLGHQG7D[)<` 24.43 million). To plough
back the available resources into operations of the Company,
your Directors recommend treating Interim Dividend as Final
Dividend (for the previous year 2009-10 @ 20 per cent).
STRATEGIC ALLIANCES :
We have entered into a strategic alliance with Reliance
Telecommunications Ltd. This alliance would help us reach to
ODUJHUQXPEHURIFRRSHUDWLYHEDQNVDVZHOODVWRPLFURQDQFH
institutions all over the country through the channel partnership of
Reliance Telecommunications Ltd.
117

We have also tied up with ESDS Software Solution Private
Limited based in Nashik. The Company has state-of-the-art
Data Centre in Nashik. This tie-up arrangement would help us
reaching to District Central Co-operative Banks in Maharashtra.
MERGER & ACQUISITION :
Your Company has decided the roadmap of merger and
acquisition strategies for the future development efforts. It has
listed some target acquisition prospects. The strategies are
being formed to further evaluate potential candidates in order
to identify the suitable ones.
NEW PRODUCTS :
Your Company has been building a web-based Core Banking
Application Swiftcore using the copyright acquired during
the previous year. The latest technology would make the
product scalable, robust and functionality reach with minimum
maintenance at branch level.
<RXU&RPSDQ\KDVGHYHORSHGQHZZRUNRZEDVHGDSSOLFDWLRQ
in its owned product Transversa for opening of savings and
current accounts from a central location. This product is in use
at Saraswat Bank as well as in Abhyudaya Bank.
We are in the process of developing a product for processing
RI )RUH[ WUDQVDFWLRQV FRYHULQJ DOO WKH EDFN RIFH DFWLYLWLHV
which should be ready to use in couple of months from now.
CO-OPERATIVE BANKS CONFERENCE AT NASHIK :
Maharashtra State Urban Co-operative Banks Conference was
held in Nashik, Maharashtra, on 22nd and 23rd January, 2011.
Your Company had sponsored the event and gave a detailed
presentation on its core banking product. Your Chairman
Shri E. K. Thakur chaired the inaugural technical session. In
his address, he shared his thoughts on the challenges before
co-operative banks. Also he appreciated the organizers for
successfully organizing the event, which had mustered the
presence of over three thousand co-operators from all over
Maharashtra. He assured co-operative Banks that SIL would
implement Core Banking Solution with total commitment and
WKH6DUDVZDW%DQNZLOOH[WHQGWRWDOQDQFLDOVXSSRUWLQDOOLWV
endeavours.
NEWSLETTER :
In order to communicate and share with co-operative banks
in India, the latest development in information technology with
special emphasis on banking sector, your Company thought it
WWRKDYHDPDJD]LQHRILWVRZQ$FFRUGLQJO\WKH&RPSDQ\
has started publishing its magazine, viz. Tech-Banking@SIL,
on monthly basis. The magazine provides information about
banking news, circulars issued by RBI/NABARD, articles
on banking and technology and Case laws in Banking. The
magazine also highlights the features of our Company's
products. The response to the magazine from various banks
is very encouraging.
118
TRADEMARK REGISTRATION :
Your Companys Core Banking Solution product, Swiftcore
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Registry, Government of India. Also the Companys Logo has
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during the year under Report.
CONSERVATION OF ENERGY, TECHNOLOGY
ABSORPTION, FOREIGN EXCHANGE EARNINGS AND
OUTGO :
The range of activities of your Company requires minimal
energy consumption and every endeavour has been made to
ensure optimal utilization of energy and avoid wastage through
DXWRPDWLRQDQGHQHUJ\HIFLHQWHTXLSPHQWV
Your Company takes adequate measures to reduce energy
FRQVXPSWLRQE\XVLQJHIFLHQWFRPSXWHUWHUPLQDOVDQGODWHVW
technology.
7KH &RPSDQ\ KDV QR IRUHLJQ H[FKDQJH HDUQLQJ DQG RXWJR
during the year ended on 31st March, 2011.
DIRECTORS RESPONSIBILITY STATEMENT :
Pursuant to the requirement under Section 217(2AA) of the
Companies Act, 1956 with respect to Directors Responsibility
6WDWHPHQWLWLVKHUHE\FRQUPHG
(i)
That in the preparation of the Annual Accounts for the

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accounting standards have been followed along with
SURSHUH[SODQDWLRQUHODWLQJWRPDWHULDOGHSDUWXUHV
(ii)
That the Directors have selected such accounting policies

and applied them consistently and made judgements and
estimates that were reasonably prudent so as to give a
true and fair view of the state of affairs of the Company
DWWKHHQGRIWKHQDQFLDO\HDUDQGRIWKHSURWVRIWKH
Company for the year under review;
LLL 7KDWWKH'LUHFWRUVKDYHWDNHQSURSHUDQGVXIFLHQWFDUH
for the maintenance of adequate accounting records in
accordance with the provisions of the Companies Act,
1956 for safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities;
(iv)
That the Directors have prepared the accounts for the

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concern' basis.
CORPORATE GOVERNANCE :
A.
DIRECTORS :
Director Shri Ravindra Patkar of the Company passed
away during the year. The Board appreciates the valuable
guidance and co-operation received from him during his
tenure with the Company.
B.
During the year, Shri E. K. Thakur has been appointed as

Chairman of the Company and Shri S. K. Sakhalkar has
been appointed as MD & CEO of the Company.
Shri N. R. Warerkar, Director, Shri Manoj Kunkalienkar,

MD & CEO and Shri Yusuf Lanewala, Whole-time
Director of the Company resigned during the year.
The adequacy of Internal Control Systems

Recommendation of Appointment of Internal and
Statutory Auditors
7KHSUHVHQW$XGLW&RPPLWWHHFRQVLVWVRIVL[LQGHSHQGHQW
Directors. Shri A. V. Dubhashi, ACA is the Chairman
of the Committee. Directors Shri A . A. Pandit, FCA,
Shri K. V. Rangnekar, Shri S. S. Sanzgiri, Shri S. D.
Panse, FCA and Shri S. K. Banerji are other members of
WKH&RPPLWWHH$OOWKHPHPEHUVKDYHWKHQDQFLDODQG
accounting knowledge. Three meetings of the Committee
ZHUHKHOGGXULQJWKH\HDUWRUHYLHZWKHQDQFLDOUHVXOWV
of the Company.
AUDIT COMMITTEE :
The Companys Audit Committee was formed in February
2006. The terms of reference of the Audit Committee are
to review the following with the Management, Internal
Auditors and Statutory Auditors :
Changes in accounting policies and practices
z
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judgement by Management
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The going concern assumptions
4XDOLFDWLRQVLIDQ\LQGUDIW$XGLW5HSRUW
Name
Designation
Shri S. K. Sakhalkar
MD & CEO
Shri M. P. Kunkalienkar
MD & CEO
D.
Gross
Remuneration (`)
34,26,983/3,36,348/-
PUBLIC DEPOSITS :
Your Company has not accepted or invited any deposits
within the meaning of Section 58-A of the Companies
Act, 1956 read with the Companies (Acceptance of
Deposits) Rules 1975 during the year.
F.
INTERNAL CONTROL
ADEQUACY :
SYSTEMS
AND
THEIR
The Company has a proper and adequate system of

controls in order to ensure that all assets are guarded
against loss from unauthorized use or disposal and all
the transactions pertaining to these assets are properly
GRFXPHQWHG FKHFNHG YHULHG DQG UHFRUGHG 7KH
internal control systems are designed to ensure that all
the records in the organization are reliable and adequate
LQRUGHUWRSUHSDUHWKHQDQFLDOVWDWHPHQWVDQGPDLQWDLQ
accountability.
During the year under Report, the Company has
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9001:2008 and ISO 27001:2005 standards-globally
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quality management. This means that the auditors
have found that our systems are in compliance with the
requirements of the standards.
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PERSONNEL :
Information as per Section 217 (2A) of the Companies
Act, 1956 and the Companies (Particulars of Employee)
Rules 1975 and forming part of Directors Report for the
year ended on 31st March, 2011 is given below:
4XDOLFDWLRQ
M.Com, PGD (IR),
PGD (Comp Sc)
M. Tech.
G.
SHARE CAPITAL :
There is no equity infusion during the year.
E.
C.
Compliance with legal requirements concerning

QDQFLDOVWDWHPHQWV
Yrs of Exp
Age
39
57
Commencement of
Employment
31-05-2010
25
52
upto 31-05-2010
HUMAN RESOURCES :
Your Company continues to focus on improving
employee skills and productivity through appropriate
Human Resources Development initiatives. The Board
of Directors wishes to place on record their sincere
appreciation to all the employees of the Company for their
dedication, commitment and loyalty to the Company.
AUDITORS :
The Statutory Auditors M/s Kulkarni & Khanolkar, Chartered
Accountants, Mumbai, retire at the forthcoming Annual
General Meeting. The Board of Directors recommends their
UHDSSRLQWPHQW IRU WKH QDQFLDO \HDU DV 6WDWXWRU\
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eligibility for re-appointment under Section 224 of the
&RPSDQLHV$FWDQGKDYHH[SUHVVHGWKHLUZLOOLQJQHVVWR
be re-appointed. You are requested to appoint the Auditors for
the current year.
ACKNOWLEDGEMENTS :
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appreciation for the assistance and co-operation to our valued
Customers, Suppliers and Bankers. Your Board of Directors
DOVR ZLVKHV WR WKDQN WKH VKDUHKROGHUV GLUHFWRUV H[HFXWLYHV
and employees at all levels of The Saraswat Co-operative
Bank Ltd., for their continued support and guidance.
For and on behalf of the Board,
sd/(S. K. SAKHALKAR)
Managing Director & CEO
Mumbai, 29th April, 2011
119
AUDITORS REPORT TO THE MEMBERS OF SARASWAT INFOTECH LIMITED

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VWDWHPHQWVDUHWKHUHVSRQVLELOLW\RIWKH&RPSDQ\VPDQDJHPHQW2XUUHVSRQVLELOLW\LVWRH[SUHVVDQRSLQLRQRQWKHVHQDQFLDO
statements based on our audit.
2.
We conducted our audit in accordance with the auditing standards generally accepted in India. Those Standards require that
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opinion.
3.
As required by the Companies (Auditors Report) Order, 2003 issued by the Central Government of India in terms of subVHFWLRQ$RIVHFWLRQRIWKH&RPSDQLHV$FWZHHQFORVHLQWKH$QQH[XUHDVWDWHPHQWRQWKHPDWWHUVVSHFLHGLQ
Paragraphs 4 and 5 of the said Order.

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the purposes of our audit;
(b)
In our opinion, proper books of account as required by law have been kept by the Company so far as appears from our
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the books of account;
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with the Accounting Standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956;
(e)
On the basis of written representations received from the Directors, as on 31st March, 2011 and taken on record by the
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Director in terms of clause (g) of sub-section (1) of Section 274 of the Companies Act, 1956;
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information required by the Companies Act, 1956, in the manner so required and give a true and fair view in conformity
with the accounting principles generally accepted in India :
(a)
In the case of the Balance Sheet, of the state of affairs of the Company as at 31st March, 2011.
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Firm Regn. No.- 105407W
Sd/(P. M. PARULEKAR)
Partner
Membership No.36362
Place : Mumbai
Date
120
: April 29, 2011
ANNEXURE REFERRED TO IN PARAGRAPH 3 OF OUR REPORT OF EVEN DATE

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(viii)
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E $VLQIRUPHGWRXVWKH[HGDVVHWVKDYHEHHQSK\VLFDOO\YHULHGE\WKHPDQDJHPHQWDWUHDVRQDEOHLQWHUYDOV1RPDWHULDO
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F $VH[SODLQHGWRXVVXEVWDQWLDOSDUWRI[HGDVVHWVKDVQRWEHHQGLVSRVHGRIIGXULQJWKH\HDU
Since the company is a service company, it is not required to maintain any inventory.
According to the information given to us, the company has not granted / taken any loan, secured or unsecured to/ from
FRPSDQLHVUPVRURWKHUSDUWLHVFRYHUHGLQWKHUHJLVWHUPDLQWDLQHGXQGHUVHFWLRQRIWKH&RPSDQLHV$FW
,QRXURSLQLRQDQGDFFRUGLQJWRWKHLQIRUPDWLRQDQGH[SODQDWLRQVJLYHQWRXVWKHUHLVDQDGHTXDWHLQWHUQDOFRQWUROSURFHGXUH
commensurate with the size of the company and the nature of its business with regard to purchase of hardware, consumables
DQG[HGDVVHWV'XULQJWKHFRXUVHRIRXUDXGLWZHKDYHQRWREVHUYHGDQ\FRQWLQXLQJIDLOXUHWRFRUUHFWPDMRUZHDNQHVVHVLQ
internal control.
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referred to in Section 301 of the Companies Act, 1956 which are required to be entered in the register maintained under that Section.
$FFRUGLQJWRWKHLQIRUPDWLRQDQGH[SODQDWLRQVJLYHQWRXVWKH&RPSDQ\KDVQRWDFFHSWHGGHSRVLWVIURPSXEOLF
In our opinion, the Company has an internal audit system commensurate with its size and the nature of its business.
In our opinion and according to the information given to us, the Central Government has not prescribed maintenance of cost
records under section 209 (1) (d) of the Companies Act, 1956 for any of the products of the Company.
D 7KH 8QGLVSXWHG VWDWXWRU\ GXHV LQFOXGLQJ SURYLGHQW IXQG LQYHVWRU HGXFDWLRQ DQG SURWHFWLRQ IXQG HPSOR\HHV VWDWH
LQVXUDQFHLQFRPHWD[VDOHVWD[ZHDOWKWD[VHUYLFHWD[FXVWRPGXW\H[FLVHGXW\FHVVHWFZKLFKHYHUDSSOLFDEOHKDYH
EHHQUHJXODUO\GHSRVLWHGZLWKWKHDSSURSULDWHDXWKRULWLHV8QGLVSXWHG6WDWXWRU\GXHVRXWVWDQGLQJIRUPRUHWKDQVL[PRQWKV
as on the date of Balance Sheet - NIL
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account of dispute as on the date of Balance sheet are as follows
Sr.No.
Particulars
Amount (` in Crore)
Forum where pending
i)
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[LL $VLQIRUPHGWRXVWKH&RPSDQ\KDVQRWJUDQWHGORDQVDQGDGYDQFHVRQWKHEDVLVRIVHFXULW\E\ZD\RISOHGJHRIVKDUHV
debentures and other securities.
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of the Companies (Auditors Report) Order, 2003 are not applicable to the company.
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WKHSURYLVLRQVRIFODXVH[LYRIWKH&RPSDQLHV$XGLWRUV5HSRUW2UGHUDUHQRWDSSOLFDEOHWRWKHFRPSDQ\
[Y $VH[SODLQHGWRXVWKH&RPSDQ\KDVQRWJLYHQDQ\JXDUDQWHHIRUORDQVWDNHQE\RWKHUVIURPEDQNRUQDQFLDOLQVWLWXWLRQ
[YL $FFRUGLQJWRWKHLQIRUPDWLRQDQGH[SODQDWLRQVJLYHQWRXVWKH&RPSDQ\KDVERUURZHGIXQGVLQWKHQDWXUHRIWHUPORDQIURP
LWVSDUHQWEDQNZKLFKLVVHFXUHGDJDLQVWK\SRWKHFDWLRQRI)L[HG$VVHWV,QRXURSLQLRQWKHWHUPORDQKDVEHHQDSSOLHGIRUWKH
purpose for which it was obtained.
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+HQFHZHDUHQRWUHTXLUHGWRUHSRUWLQWHUPVFODXVH[YLLLRIWKHVDLG2UGHU
[YLLL7KH&RPSDQ\KDVQRWLVVXHGDQ\GHEHQWXUHV
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[[ $FFRUGLQJWRWKHLQIRUPDWLRQDQGH[SODQDWLRQVJLYHQWRXVQRIUDXGRQRUE\WKH&RPSDQ\KDVEHHQQRWLFHGRUUHSRUWHGGXULQJ
the year under audit.
Firm Regn. No.- 105407W
Sd/(P. M. PARULEKAR)
Partner
Membership No.36362
Place : Mumbai
Date : April 29, 2011
121
BALANCE SHEET AS AT 31ST MARCH, 2011
(Amount in `)
Schedule
As at
31 March 2011
As at
31 March 2010
SOURCES OF FUNDS:
SHAREHOLDERS FUNDS
Share Capital
152,631,570.00
152,631,570.00
Reserves & Surplus
145,345,432.09
142,333,333.30
10,907,590.57
30,304,320.00
80,000,000.00
LOAN FUNDS
- From Parent Bank
Secured Against FD
7HUP/RDQ6HFXUHGDJDLQVWK\SRWKHFDWLRQRI[HGDVVHWV
DEFERRED TAX LIABILITY (NET)
58,067,263.00
53,294,005.00
386,348,585.09
439,166,498.87
Gross Block
525,337,490.30
458,061,948.14
Less: Depreciation
208,261,645.97
106,276,040.97
Net Block
317,075,844.33
351,785,907.17
25,000.00
25,000.00
APPLICATION OF FUNDS:
FIXED ASSETS
INVESTMENT
(2500 equity shares of ` 10 each of The Saraswat Co-op. Bank Ltd.)
CURRENT ASSETS, LOANS & ADVANCES
Sundry Debtors
22,872,999.85
38,339,779.68
Cash & Bank Balance
57,875,962.83
50,713,329.64
Loans & Advances
103,407,507.70
119,132,339.39
184,156,470.38
208,185,448.71
Less:
CURRENT LIABILITIES & PROVISIONS
Current Liabilities
32,347,905.15
51,553,482.54
Provisions
82,560,824.47
69,276,374.47
114,908,729.62
120,829,857.01
69,247,740.76
87,355,591.70
386,348,585.09
439,166,498.87
NET CURRENT ASSETS
Notes to Accounts
15
As per our Report of even date
For and on behalf of Board of Directors

sd/P.M. PARULEKAR
Partner
Place: Mumbai
122
sd/E.K. THAKUR
Chairman
sd/S.K. SAKHALKAR
Managing Director
& CEO
sd/A.V. DUBHASHI
Director
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2011
(Amount in `)
Schedule
2010-2011
2009 -2010
INCOME
Software Sales & Services
357,142,856.64
311,925,522.58
Other Income
10
3,773,635.81
4,388,399.51
360,916,492.45
316,313,922.09
EXPENDITURE
Employee Cost
11
50,710,411.94
64,214,540.97
2SHUDWLQJ([SHQVHV
12
80,332,292.72
65,154,379.30
$GPLQLVWUDWLYH([SHQVHV
13
61,093,442.43
62,022,243.46
102,832,966.00
53,765,696.18
9,065,285.57
2,869,823.77
304,034,398.66
248,026,683.68
56,882,093.79
68,287,238.41
Depreciation
Financial Cost
14
PROFIT BEFORE TAX

PROVISION FOR TAXATION
&XUUHQW7D[
13,500,000.00
12,929,100.00
'HIHUUHG7D[
4,773,258.00
25,204,330.00
7D[$GMXVWPHQW3ULRU<HDU
608,200.00
38,608,835.79
29,545,608.41
74,948,920.30
72,044,583.89
113,557,756.09
101,590,192.30
5,500,000.00
2,216,000.00
30,526,314.00
20,877,193.00
5,070,423.00
3,548,079.00
72,461,019.09
74,948,920.30
113,557,756.09
101,590,192.30
2.53
2.83
PROFIT AFTER TAX

Balance brought forward from previous year
Balance available for appropriation
APPROPRIATION
Transfer to General Reserve
Interim Dividend
&RUSRUDWH'LYLGHQG7D[
Surplus carried to Balance Sheet
Basic & Diluted Earning per Share (Rupees)

Notes to Accounts
15

sd/P.M. PARULEKAR
Partner
sd/E.K. THAKUR
Chairman
sd/S.K. SAKHALKAR
Managing Director
& CEO
sd/A.V. DUBHASHI
Director
Place: Mumbai
123
SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31ST MARCH, 2011
1.
Share Capital
Authorised
2,50,00,000 Equity shares of ` 10/- each
Issued, Subscribed and Paid-up

1,52,63,157 equity shares of `10/- each fully paid up (All the shares are held by
The Saraswat Co-op. Bank Ltd. & its nominees)
2.
Reserves & Surplus

General Reserve
Opening Balance
Add : Transferred During The Year
3.
Share Premium
3URW /RVV$FFRXQW
As at
31 March 2011
(Amount in `)
As at
31 March 2010
250,000,000.00
250,000,000.00
250,000,000.00
250,000,000.00
152,631,570.00
152,631,570.00
152,631,570.00
152,631,570.00
20,016,000.00
5,500,000.00
25,516,000.00
47,368,413.00
72,461,019.09
145,345,432.09
17,800,000.00
2,216,000.00
20,016,000.00
47,368,413.00
74,948,920.30
142,333,333.30
Fixed Assets
(Amount in `)
Gross Block
Description of
Assets
As on
01.04.2010
Addition
Depreciation
Deduction /
adjustments
Total
as on
31.03.2011
Opening
Balance
as on
01.04.2010
For
the
year
Net Block
On ded/adj.
during the
year
Total
up to
31.03.2011
As on
31.03.2011
As on
31.03.2010
Tangible Assets
Computer
201,901,956.12
247,005,443.10
58,081,277.93
36,331,818.00
847,361.00
93,565,734.93
153,439,708.17
143,820,678.19
139,588.00
2,130,263.50
541,672.08
127,196.00
668,868.08
1,461,395.42
1,449,003.42
3,447,645.28
3,447,645.28
362,275.12
327,526.00
689,801.12
2,757,844.16
3,085,370.16
1,059,190.45
217,622.00
1,276,812.45
144,764.98
82,279.00
227,043.98
1,049,768.47
914,425.47
11,219,994.18
Furniture &
)L[WXUHV
1,990,675.50
Motor Car
2IFH(TXLSPHQW
46,543,486.98 1,440,000.00
Intangible Assets
Software
Capital Work-in
-Progress
Grand Total
4.
5.
124
244,513,678.79
255,733,672.97
47,146,050.86
65,964,147.00
113,110,197.86
142,623,475.11
197,367,627.93
5,148,802.00
13,106,101.00 2,511,250.00
15,743,653.00
15,743,653.00
5,148,802.00
458,061,948.14
71,226,792.16 3,951,250.00
525,337,490.30 106,276,040.97
102,832,966.00
847,361.00
208,261,645.97
317,075,844.33
351,785,907.17
Sundry Debtors (Unsecured & Considered good unless otherwise stated)

D'HEWVRXWVWDQGLQJIRUDSHULRGH[FHHGLQJVL[PRQWKV
b) Other Debts
Less: Provision for Doubtful debts
(Amount Due from Saraswat Co-op. Bank Ltd. - ` 4,814,507/
0D[LPXP26'XULQJ<HDU` 42,413,096.60)
Cash & Bank Balance
Cash in Hand
Bank Balance With scheduled banks:
In current account

,Q[HGGHSRVLWDFFRXQW
21,392,124.85
17,057,390.00
15,576,515.00
27,382,887.80
18,745,149.38
7,788,257.50
22,872,999.85
38,339,779.68
19,523.00
62,759.57
32,371,564.83
25,484,875.00
57,875,962.83
650,570.07
50,000,000.00
50,713,329.64
SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31ST MARCH, 2011
6.
7.
8.
Loans & Advances (Unsecured, Considered Good)

Advance Recoverable in cash or kind or value to be received
$GYDQFH7D[
3UHSDLG([SHQVHV
6HUYLFH7D[5HFHLYDEOH&HQYDW&UHGLW
Other Current Asset
Current Liabilities
Sundry Creditors
7'66HUYLFH7D[HWF3D\DEOH
Other Liabilities
Advance Received From Customers
Provisions
3URYLVLRQ)RU,QFRPH7D[
Other Provisions
As at
31 March 2011
(Amount in `)
As at
31 March 2010
17,965,232.41
68,890,766.39
764,976.00
313,672.90
15,472,860.00
103,407,507.70
7,099,907.76
56,569,596.58
2,438,559.13
20,269,172.92
32,755,103.00
119,132,339.39
11,651,847.91
12,263,250.84
1,976,592.98
6,456,213.42
32,347,905.15
16,812,158.40
30,481,405.16
1,689,918.98
2,570,000.00
51,553,482.54
63,016,100.00
19,544,724.47
82,560,824.47
49,516,100.00
19,760,274.47
69,276,374.47
SCHEDULES FORMING PART OF PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2011
9.
2010-11
(Amount in `)
2009-10
257,392,776.00
229,915,408.00
38,775,574.03
4,694,666.00
Income from Sales & Services

Information Technology & Consultancy Services
System Integration Sales & Services
4,204,802.15
19,138,127.00
Professional Fees
BPO Services
10,820,634.00
7,346,728.00
Other Services
45,949,070.46
50,830,593.58
357,142,856.64
311,925,522.58
2,399,163.00
3,895,621.00
10. Other Income

,QWHUHVWUHFHLYHGRQ%DQN)L[HG'HSRVLW
(TDS ` 201,148/-, Previous Year ` 432,794/-)
1,374,472.81
492,778.51
3,773,635.81
4,388,399.51
47,222,146.94
60,114,954.47
2,370,344.00
2,261,451.00
11. Employee Cost

Salaries, Wages & Bonus
Contribution to Provident & Other Funds
6WDII:HOIDUH([SHQVHV
1,117,921.00
1,838,135.50
50,710,411.94
64,214,540.97
125
SCHEDULES FORMING PART OF PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2011
2010-11
(Amount in `)
2009-10
36,979,975.52
9,470,504.31
12. Operating Expenses

Software/Hardware procurement for project Delivery
,7)DFLOLW\0DLQWHQDQFH([SHQVHV
AMC Charges
2,550,572.07
3,191,741.37
17,136,387.23
19,953,906.99
1,561,950.00
Technical Consultation Fees

/HDVHG,6'1/LQH([SHQGLWXUH
5,410,444.48
7,386,306.65
Travelling & Conveyance
2,794,091.30
3,547,874.45
817,388.14
317,233.17
2XWVRXUFHG([SHQVHV
Repairs & Maintenance
5,809,743.55
8,254,725.72
2WKHU([SHQVHV
8,833,690.43
11,470,136.64
80,332,292.72
65,154,379.30
13. Administrative Expenses

Electricity Charges
Electrical goods
0DLQWHQDQFHRI2IFH,QIUDVWUXFWXUH
)DFXOW\([SHQVHV7UDLQLQJ&RVW
7HOHSKRQH 7HOH[
Auditors remuneration
Professional Fees
&RPSXWHU([SHQVHV
8,330,499.40
8,375,472.80
409,539.00
1,206,094.41
30,982,832.00
33,859,498.00
50,400.00
212,905.00
1,259,125.44
1,157,358.25
430,000.00
400,000.00
1,601,059.00
2,075,888.00
443,002.50
680,278.00
Printing & Stationery
2,558,333.00
538,669.00
Provision For Bad Debts
7,788,257.50
7,788,257.50
0LVFHOODQHRXV([SHQVHV
6,885,850.59
5,727,822.50
Loss on Sale of Assets
354,544.00
61,093,442.43
62,022,243.46
63,427.57
121,069.77
14. Financial Cost

Bank Charges
Interest on Term Loan
Interest on Others
8,413,696.00
710,137.00
588,162.00
2,038,617.00
9,065,285.57
2,869,823.77

sd/P.M. PARULEKAR
Partner
Place: Mumbai
126
sd/E.K.THAKUR
Chairman
sd/S.K. SAKHALKAR
Managing Director
& CEO
sd/A.V. DUBHASHI
Director
Schedule 15
Notes forming part of accounts for the year ended 31st March, 2011
Company Overview :
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through a comprehensive range of products and customised service offerings. SIL provides end-to-end business and technology
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technology professional consultants for medium to long-term engagements and also design quality solutions for entire projects. SIL
is headquartered in Navi Mumbai, India.

6LJQLFDQWDFFRXQWLQJSROLFLHV
L
%DVLVRISUHSDUDWLRQRIQDQFLDOVWDWHPHQWV
7KH QDQFLDO VWDWHPHQWV DUH SUHSDUHG LQ DFFRUGDQFH ZLWK ,QGLDQ *HQHUDOO\ $FFHSWHG $FFRXQWLQJ 3ULQFLSOHV *$$3
XQGHUWKHKLVWRULFDOFRVWFRQYHQWLRQRQWKHDFFUXDOEDVLV*$$3FRPSULVHVDFFRXQWLQJVWDQGDUGQRWLHGE\WKH&HQWUDO
Government of India under Section 211 (3C) of the Companies Act,1956 and pronouncements of the Institute of Chartered
Accountants of India.
LL
8VHRIHVWLPDWHV
7KHSUHSDUDWLRQRIQDQFLDOVWDWHPHQWVUHTXLUHVPDQDJHPHQWWRPDNHHVWLPDWHVDQGDVVXPSWLRQVWKDWDIIHFWWKHUHSRUWHG
DPRXQWVRIDVVHWVDQGOLDELOLWLHVLQFRPHDQGH[SHQGLWXUH
iii)
Fixed Assets
)L[HGDVVHWVDUHVWDWHGDWFRVWOHVVGHSUHFLDWLRQ&RVWFRPSULVHVWKHSXUFKDVHSULFH DQ\DWWULEXWDEOHFRVWRIEULQJLQJ
the asset to its working condition for its intended use.
LY
'HSUHFLDWLRQ
'HSUHFLDWLRQKDVEHHQSURYLGHGRQVWUDLJKWOLQHEDVLVDWWKHUDWHVDQGLQWKHPDQQHUVSHFLHGLQ6FKHGXOH;,9WRWKH
Companies Act, 1956.
Y
,QWDQJLEOH$VVHWV
YL
a)
Intangible Assets are amortised over the best estimate of the useful life from the date the assets are available for
use.
b)
Intangible Assets are amortised over 3 years.
,PSDLUPHQWRIDVVHWV
No provision is required to be made in terms of AS-28 viz. "Impairment of Assets".
vii)
Taxation
D
&XUUHQWLQFRPHWD[LVPHDVXUHGDWWKHDPRXQWH[SHFWHGWREHSDLGWRWKHWD[DXWKRULWLHVLQDFFRUGDQFHZLWKWKH
,QFRPH7D[$FW
E
'HIHUUHGWD[LVUHFRJQLVHGVXEMHFWWRFRQVLGHUDWLRQRISUXGHQFHRQWLPLQJGLIIHUHQFHVUHSUHVHQWLQJWKHGLIIHUHQFH
EHWZHHQWD[DEOHLQFRPHDQGDFFRXQWLQJLQFRPHWKDWRULJLQDWHGLQRQHSHULRGDQGDUHFDSDEOHRIUHYHUVDOLQRQHRU
PRUHVXEVHTXHQWSHULRGV'HIHUUHGWD[DVVHWVDQGOLDELOLWLHVDUHPHDVXUHGXVLQJWD[UDWHVWKDWKDYHEHHQHQDFWHG
or substantially enacted by the Balance Sheet date.
YLLL (PSOR\HH%HQHWV
L[
a)
Provision for gratuity is made based on the actuarial valuation statement as per Accounting Standard 15 (Revised).
The Leave Encashment has been fully provided for As per full liability basis for the leave entitlement.
b)
Company's contribution to provident fund is accounted for on the basis of contribution to the scheme.
3URYLVLRQVDQG&RQWLQJHQFLHV
The Company creates a provision when there is a present obligation as a result of an obligating event that probably
UHTXLUHVDQRXWRZRIUHVRXUFHVDQGDUHOLDEOHHVWLPDWHFDQEHPDGHRIWKHDPRXQWRIWKHRXWRZ
[
5HYHQXH5HFRJQLWLRQ
D
5HYHQXHIURP6DD66HUYLFHVLVUHFRJQLVHGRQDFFUXDOEDVLVLQFDVHVZKHUHWKHUVWEUDQFKLVPDGHOLYHDVSHUWKH
terms of the contract.
127

b)
2.
In following cases, where implementation of the contract gets spilled over more than one accounting period, work in
SURFHVVLVDFFRXQWHGIRUWKHHIIRUWVDQGH[SHQVHVLQFXUUHGSHQGLQJELOOVUDLVHGDVSHUWKHWHUPVRIWKHFRQWUDFW
1)
Where services are rendered on SaaS basis;
2)
Where software license is sold;
c)
For the purposes of work-in-process, staff cost incurred for the pre-implementation efforts is accounted for based
on the man-days involved, skill sets required and activities carried out.
G
5HYHQXHIURP%326HUYLFHVLVUHFRJQLVHGDVWKHUHODWHGVHUYLFHVDUHSHUIRUPHGLQDFFRUGDQFHZLWKWKHVSHFLF
terms of the contract with the customers.
e)
Revenue from customer training, support and other services is recognised as the related services are performed.
f)
Provision for estimated losses, if any, on incomplete contracts are recorded in the period in which such losses
become probable based on the current contract estimates.
g)
Revenue from licensing of software is recognised as per the terms of license.
Notes to Accounts
Current Year
Previous Year
`
i)
Value of Imports on CIF basis
NIL
1,707,264
ii)
([SHQGLWXUHLQIRUHLJQFXUUHQF\
NIL
2,044
iii)
Amount remitted during the year in foreign currency on account of dividend
NIL
NIL
iv)
(DUQLQJVLQIRUHLJQH[FKDQJH
NIL
NIL
3.
Since the Company is not a manufacturing company, the information in respect of licensed capacity, installed capacity and
actual production is not given.
4.
Suppliers/Service providers covered under Micro, Small Medium Enterprises Development Act, 2006 have not furnished the
LQIRUPDWLRQUHJDUGLQJOLQJRIQHFHVVDU\PHPRUDQGXPZLWKWKHDSSURSULDWHDXWKRULW\
5.
Capital Commitments
Capital commitments in respect of capital items (Net of Advance) - ` 5,418,604/- (previous year ` 21,017,348/-) and Intangible
Assets ` NIL (previous year ` 9,900,000/-).
6.
Related party and their relationship

Holding Entity
The Saraswat Co-op. Bank Ltd.
Related Party Disclosures (AS-18)
Items/Related Party
The Saraswat Co.op. Bank Ltd. The Saraswat Co. op. Bank Ltd.
31.03.2011
31.03.2010
2.55
0D[GXULQJWKH\HDU
` 5.05 Crore)
5.00
0D[GXULQJWKH\HDU
` 7.00 Crore)
Share Capital held
15.26
15.26
Interest received from Bank on FDR
0.19
0.39
Received from Bank towards Services
30.47
26.31
Secured Term Loan
3.03
9.16
Secured Loan
1.76
1.75
Transfer of Cars
NIL
0.12
Dividend Paid
3.05
2.08
Paid towards Infrastructure Maintenance
1.76
1.76
)L[HG'HSRVLWZLWK%DQN
128
(` Crore)
7.
Managerial Remuneration
Whole Time Director
Total Remuneration
8.
0DMRUFRPSRQHQWVRI'HIHUUHG7D[/LDELOLW\
'HIHUUHG7D[/LDELOLW\
Depreciation
'HIHUUHG7D[$VVHW
Section 43 B
Provision for Doubtful Debts
Total
9.
301,763
5,174,518
Auditors Remuneration includes:i) Audit Fees

LL7D[DWLRQ0DWWHUV
2010 - 11
(`)
3,763,331
3,763,331
2009-10
(`)
4,026,576
1,084,471
5,111,047
2010 - 11
(`)
2009-10
(`)
63,543,544
53,294,005
5,476,281
58,067,263
53,294,005
(`)
350,000
80,000
430,000
(`)
350,000
50,000
400,000
10. 7KHDVVHVVLQJRIFHUKDVUDLVHGGHPDQGRI` 1.05 Crore for A.Y. 2008-09, which is contested by Company in appeal. Based on
WKHMXGLFLDOSURQRXQFHPHQWVFRPSDQ\LVFRQGHQWRIIDYRXUDEOHRUGHUIURPDSSHOODWHDXWKRULWLHV+HQFHQRSURYLVLRQIRUWKH
aforesaid demand is made.
11.
(PSOR\HH%HQHWV
1.
Company Contribution to Provident Fund - ` 19.16 Lacs (Previous year ` 21.08 Lacs)

*UDWXLW\H[SHQVHVUHSUHVHQW` 42,842/- (Previous year ` 2,043,197) paid to L.I.C. pursuant to Company subscribing to its
Group Gratuity Scheme.
Particulars
Gratuity Funded
31.03.11
`
31.03.10
`
8.25% P.A.
8.25% P.A.
i)
Discount rate
ii)
8% P.A.
8% P.A.
ii)
Salary Escalation rate
5% P.A.
5% P.A.
iv)
5HFRQFLOLDWLRQRIRSHQLQJDQGFORVLQJEDODQFHRIWKHSUHVHQWYDOXHRIWKHGHQHG
EHQHWREOLJDWLRQ3UHVHQWYDOXHRIREOLJDWLRQDVDW
2,873,131
2,878,140
Interest cost
237,033
246,582
561,042
630,363
Liability transfer in
%HQHWVSDLG
Actuarial gain/(loss) on obligations
Present value of obligation as at
v)
-128,977
-653,601
501,577
-228,353
4,043,806
2,873,131
4,743,269
3,150,603
379,462
384,653
1,984,359
Reconciliation of opening and closing balance of the fair value of the plan assets:Fair value of plan assets as at 01.04.2010
Contributions
Transfer from other entity
%HQHWVSDLG
Actuarial gain/(loss) on plan assets
Fair value of plan assets as at
-128,977
-653,601
49,018
-122,745
5,042,772
4,743,269
129
Particulars
vi)
Gratuity Funded
Amount recognised in balance sheet

Present value of obligation as at
Fair value of plan assets as at
Assets/Liability as at
31.03.11
`
31.03.10
`
105,608
-4,043,806
2,873,132
5,042,772
4,743,269
998,966
1,870,137
561,042
630,363
vii) ([SHQVHVUHFRJQLVHGLQSURWDQGORVVDFFRXQW
Interest cost
237,033
246,582
-379,462
-384,653
Net actuarial (gain)/loss
452,559
-105,608
([SHQVHVUHFRJQLVHGLQ3URWDQG/RVVDFFRXQW
871,172
386,684
2010-11
2009-10
12.
Earning per Share (Accounting Standard AS 20)
3URWFRPSXWDWLRQIRUERWK%DVLFDQG'LOXWHG(DUQLQJVSHU6KDUHRI` 10 each
1HWSURWDIWHUWD[DVSHU3URWDQG/RVV$FFRXQWDYDLODEOHIRU(TXLW\6KDUHKROGHUV

Number of shares for Basic EPS as above
15,263,157
15,263,157
2.53
2.83
Earning per Share

Basic and Diluted
13.
Figures of the previous year have been regrouped wherever necessary to conform to layout of the accounts of the current year.
As per our report of even date

sd/P.M. PARULEKAR
Partner
130
sd/-
sd/-
sd/-
E.K. THAKUR
S.K. SAKHALKAR
A.V. DUBHASHI
Chairman
Director
CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2011
Particulars
A.
CASH FLOW FROM OPERATING ACTIVITIES

3URWEHIRUHWD[DQGH[WUDRUGLQDU\LWHPV
Adjustments For :
Depreciation
Provision written Back
Loss on sale of asset

)RUHLJQ([FKDQJH9DULDWLRQ*DLQ/RVV
Interest received on FD

2SHUDWLQJ3URWEHIRUHZRUNLQJFDSLWDOFKDQJHV
Adjustments For :
(Decrease) / Increase in Working Capital
Cash from operating activity
B.
CASH FLOW FROM INVESTING ACTIVITIES

3XUFKDVHRI)L[HG$VVHWV

6DOHRI)L[HG$VVHWV
Interest received on FD
Investment in Shares
Capital Work-in-Progress
Net Cash used in Investing Activities
C.
CASH FLOW FROM FINANCING ACTIVITIES
Net Increase / (Decrease) in Borrowings
Dividend Paid
&RUSRUDWH'LYLGHQG7D[
Addition to Share Capital
Share Premium
)RUHLJQ([FKDQJH9DULDQFH*DLQ/RVV
Provision written back
Net Cash from Financial Activities
2010-11
2009-10
56,882,093.79
68,287,238.41
102,832,966.00
(2,477,503.00)
354,544.00
(2,399,163.00)
155,192,937.79
53,765,696.18
(49,969.00)
4,613.43
(371,455.94)
(3,895,621.00)
117,740,502.08
14,247,987.13
169,440,924.92
(55,609,834.20)
62,130,667.88
(55,609,441.16)
238,095.00
2,399,163.00
(13,106,101.00)
(66,078,284.16)
(249,213,575.18)
320,656.97
3,895,621.00
(25,000.00)
(2,647,552.00)
(247,669,849.21)
(49,695,680.00)
(30,526,314.00)
(5,070,423.00)
(85,292,417.00)
80,000,000.00
(20,877,193.00)
(3,548,079.00)
52,631,570.00
47,368,413.00
(4,613.43)
49,969.00
155,620,066.57
Net Increase / (Decrease) Increase in Cash and

Cash Equivalent (A+B+C)
18,070,223.76
(29,919,114.76)
Opening Balance of Cash and Cash Equivalent

Closing Balance of Cash and Cash Equivalent
39,805,739.07
57,875,962.83
69,724,853.83
39,805,739.07
Net Increase / (Decrease)
18,070,223.76
(29,919,114.76)

sd/P.M. PARULEKAR
Partner
sd/E.K.THAKUR
Chairman
sd/S.K. SAKHALKAR
Managing Director
& CEO
sd/A.V. DUBHASHI
Director
Place: Mumbai
131
BALANCE SHEET ABSTRACT AND COMPANYS GENERAL BUSINESS PROFILE

I.
II.
Registration Details
156921
Registration No.
U72200MH2005PLC156921
Balance Sheet Date
March 31, 2011
State Code :
Capital raised during the year (Amount in ` Thousands)

Public Issue
III.
11
Rights Issue
Nil
Nil
Bonus Issue
Private Placement
Nil
Nil
Position of Mobilisation and Deployments of Funds (Amount in ` Thousands)

Total Liabilities
Total Assets
386,348.59
386,348.59
Sources of Funds :
Paid-up Capital
Reserves and Surplus
152,631.57
145,345.43
Secured Loans
Unsecured Loans
30,304.32
0.00
Deferred Tax Liability
58,067.26
Application of Funds :
Net Fixed Assets
Investments
317,075.84
25.00
Net Current Assets
Miscellaneous Expenditure
69,247.74
0.00
Accumulated Losses
0.00
IV.
V.
Performance of Company (Amount in ` Thousands)

Turnover
Total Expenditure
360,916.49
304,034.40
3URW/RVVEHIRUHWD[
3URW/RVVDIWHUWD[
56,882.09
38,608.84
Earning per Share in `
Dividend rate
2.53
20.00%
Generic Names of Three Principal Products / Services of Company (as per monetary terms)
Item Code No.
Not Applicable
(ITC Code)
Service Description
IT Enabled Services
sd/E.K. THAKUR
Chairman
Place: Mumbai
132
sd/S.K. SAKHALKAR
Managing Director
& CEO
sd/A.V. DUBHASHI
Director
THE SARASWAT CO-OPERATIVE BANK LIMITED

(A SCHEDULED BANK)
5HJLVWHUHG2IFH
Madhukosh, S.V.Sovani Path,
Girgaum, Mumbai 400 004.
PLEASE TEAR HERE
ATTENDANCE SLIP
93rd ANNUAL GENERAL MEETING
JULY 14, 2011
Regd. Folio No.___________________
I certify that I am a registered member of
The Saraswat Co-operative Bank Limited
I hereby record my presence at the
93rd ANNUAL GENERAL MEETING of the Bank
at 4.00 p.m. on Thursday, July 14, 2011
at Yogi Sabhagruha, Near Dadar Central Railway Station,
Behind Swaminarayan Mandir, Dadar (East),
Mumbai - 400 014
Members Name in BLOCK Letters
Members Signature
1RWH3OHDVHOOWKLVDWWHQGDQFHVOLSDQGKDQGLWRYHUDWWKH(175$1&(2)7+(+$//
133
FORM - A
Date:
To,
The Chief Manager,
Share Department,
The Saraswat Co-operative Bank Ltd,
Madhushree, 5th Floor,Plot No. 85,
District Business Centre, Sector 17,
Vashi, Navi Mumbai - 400 703.
Sir/Madam,
Re: Annual Report
,IXUQLVKKHUHEHORZWKHUHTXLUHGGHWDLOVIRUUHFHLSWRI$QQXDO5HSRUWIRUWKHQDQFLDO\HDU
onwards:
Name of Shareholder
______________________________________________________
Address
______________________________________________________
______________________________________________________
______________________________________________________
Membership No
______________________________________________________
Language of Choice
Marathi / English
Mode
(Receipt of Report)
Physical / Electronic
E-mail ID
______________________________________________________
Mobile No.
______________________________________________________
Thanking you,
Yours faithfully,
(Signature)
135
Number of Branches
250
9.00
216
8.00
200
200
153
8.18
2010
2011
7.24
7.00
175
8.08
6.79
6.66*
2007
2008
6.00
150
5.00
105
4.00
100
3.00
2.00
50
1.00
0
2007
2008
2009
2010
0.00
2011
2009
*The BPE was impacted because of mergers of weak banks with low BPE
1.0
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0.0
2007
2008
2009
2010
2011
THE CO-OPERATIVE CONQUEST 2011-2016
Dr. Adarkar Mission III

NOW THINK ` 50,000 CRORE PLUS
YES, IT IS OUR PLEDGE!

SaraswatBank AR 2010-11 FINAL 20110727

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30000

Annual Report 2010-11

THE SARASWAT CO-OPERATIVE BANK LIMITED

: Madhukosh, S.V. Sovani Path,

: Saraswat Bank Bhavan,

: September 14, 1918.

NO. AND DATE OF RBI LICENSE

: ACD-MH-220-P, dated 27.08.1980.

: A (Since 1933, i.e. the year in which

Annual Report 2010-11

To consider and approve the Annual Accounts, which

7R DSSURSULDWH QHW SURW DQG GHFODUH GLYLGHQG DV

7R DSSRLQW 6WDWXWRU\ $XGLWRUV IRU WKH QDQFLDO \HDU

To approve amendment to the Banks Bye-law No. 4.

To approve amendment to the Banks Bye-law No. 7.

To place for consideration and adoption, the Annual Report

To grant Leave of Absence to the members of the Bank

By Order of the Board of Directors

Annual Report 2010-11

Shri E. K. Thakur, B.A. (Hons.), C.A.I.I.B.

Shri K. V. Rangnekar, M.A.

Shri S. S. Sanzgiri, B.A.

Shri S. K. Banerji, B.Sc. (Hons.), D.B.M., LL.M., FIIBF.

M/s Little and Company

Wells Fargo Bank N.A.,

Annual Report 2010-11

Annual Report 2010-11

REPORT OF THE BOARD OF DIRECTORS

THE GLOBAL ECONOMY AND INDIA:

The world economy entered FY 2010-11 on a stronger

& Poors (S & P) downgraded the credit outlook for

Annual Report 2010-11

Emerging markets continued to outperform the

Annual Report 2010-11

tight liquidity conditions, Banks raised deposit rates

per ounce on the back of a weak US Dollar as the

RBI, which had followed an accommodative

Annual Report 2010-11

3.50 per cent to 5.75 per cent and Cash Reserve

For further strengthening the capital base of the

MAJOR DEVELOPMENTS IN BANKING AND

The BPLR system has been replaced by the

Advanced Measurement Approach

LL &ODVVLFDWLRQ RI UHJXODWRU\ FDSLWDO

RBI has asked all banks to put in place additional

RBI has issued penalties for banks in case of

RBI has constituted a Committee on customer

Besides imposing a monetary penalty for

Reporting of repo trades in corporate

(ii) Reporting of OTC transactions in

With regard to the debt market, RBI has

Stripping / reconstitution of Government

(ii) Allowing more participants in the

Annual Report 2010-11

facing the nations Urban Co-operative

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RBI has amended pricing guidelines for transfer

RBI has allowed well-managed Urban

RBI has issued revised norms for UCBs on

RBI has issued norms regarding submission of

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