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Profit & Loss Account

FOR THE YEAR ENDED 31ST MARCH 2020

PARTICULARS

For the year 2019-20

For the year 2018-19

 

Rs.

Rs.

INCOME:

   

Interest Earned

443,121,612 337,156,172

Other Income

34,028,713 28,900,792

Total

477,150,325 366,056,964

EXPENDITURE:

   

Interest Expended

299,206,363 216,930,195

Payment to & Provision for Employees Cost

26,727,996 24,236,377

Other Operating Expenses

36,758,454 32,124,220

Total

362,692,813 273,290,792

OPERATING PROFIT

114,457,512 92,766,172

Provisions & Contngencies

12,867,442 9,660,980

PROFIT BEFORE INCOME TAX

101,590,070 83,105,192

Taxes on Income:

   

Current Tax

25,200,000 29,300,000

Deferred Tax Assets (Liabilities)

999,813 2,200,495

NET PROFIT FOR THE YEAR

75,390,257 56,005,687

SCHEDULES FORMING PART OF BALANCE SHEET AS ON MARCH 31, 2020

  Amount in Rs.
 

 As at 31-03-2020

 As at 31-03-2019

SCHEDULE - 1

CAPITAL

(i) Authorised Capital

2,00,00,000'A' class shares of Rs.25/- each

500,000,000250,000,000

4,00,000 'B' class shares of Rs.5/- each

2,000,0002,000,000
502,000,000 252,000,000

(ii) Subscribed Capital

(Held by Individuals and Others)

65,22,056 (previous year's 39,17,358) A class shares of Rs.25/- each

163,051,41097,933,950

0 (previous year's 1127) 'B' class shares of Rs. 5/- each

(5,635)5,635

Add: Acceptance of share capital during the year 37,39,838 (Pr Yr 26,37,696)

93,495,95065,942,400

Less:Refund of share capital during the year 104601 (Pr. Yr 33,223)

(2,615,025)(830,575)

Total

253,926,700163,051,410

SCHEDULE - 2

RESERVES AND SURPLUS

(i) Statutory Reserve

Opening Balance:

81,849,48171,554,730

Additions during the year

13,597,9149,367,666

Transfer from Unclaimed Dividend

803,326927,085

Total

96,250,721 81,849,481

(ii) General Reserve

Opening Balance:

68,249,02963,242,219

Additions during the year

5,004,0445,006,810

Total

73,253,07368,249,029

(iii) Investment Fluctuation Reserve

Opening Balance:

4,262,0003,762,000

Additions during the year

1,000,000500,000

Total

5,262,000 4,262,000

(iv) Depreciation Reserve for Investments

Opening Balance:

1,390,1001,390,100

Additions during the year

3,384,950-

Total

4,775,050 1,390,100

(v) Common Good Fund

Opening Balance:

272,883278,176

Additions during the year

543,917374,707

(deductions during the Year)

(530,000)(380,000)

Total

286,800 272,883

(vi) Education Fund

Opening Balance:

1,559,8321,551,682

Additions during the year

150,000150,000

(deductions during the Year)

(228,821)(141,850)

Total

1,481,0111,559,832

(vii) Special Reserve U/s 36 (i) (viii) of I.T ACT

Opening Balance:

4,258,4553,218,990

Additions during the year

777,0001,039,465

Total

5,035,455 4,258,455

Total

186,344,110 161,841,780

SCHEDULE : 3

DEPOSITS:

(i) Fixed Deposits

3,561,738,2703,176,472,915

(ii) Savings Bank Deposits

437,238,331420,878,233

(iii) Current Deposits

160,210,392256,786,549

iv) Credit Balances in CC/OD a/cs

15,155,81613,354,453

Total

4,174,342,809 3,867,492,150

SCHEDLUE : 4

BRROWINGS:

 Nil

 Nil

(i) From Reserve Bank ofIndia,State/Central

Co-operative Bank: - State Co-op Bank

(ii) From Other Banks

--

(iii) From Other institutions and agencies

--

Total

 Nil

 Nil

SCHEDULE : 5

OTHER LIABLITIES & PROVISIONS

(a) Inter-office adjustments(net)

3,189,2803,109,506

(b) Interest accrued on Deposits

27,923,33714,039,943

(c) Unclaimed Dividends

4,447,4954,494,083

Less Transfer to Statutory Reserve

(803,326)(927,085)

Sub total

3,644,1693,566,998

(d) Others (Details enclosed)

86,393,608132,108,433

Total

121,150,394152,824,880

Details of "Others'under Other Liabilities & Provisions

(i) Overdue interest reserve (contra)

7,936,68637,995,955

ii) Bankers cheque/pay order

3,678,6971,891,722

iii) Demand Drafts Payable

8,378,5218,386,330

iv) Outstanding Liabilities

1,432,7811,149,248

v) Sundry creditors

335,942337,908

vi) Clearing

--

vii) Sale Officer

286,000130,000

vii) Unclaimed Deposits

2,678,4822,658,668

viii) TDS payable

8,875,03644,999

ix) Provision for Gratuity

9,744,2698,385,815

x)Provision for Income Tax(net of taxes)

-3,824,543

xi) Provision for Bad & Doubtful debts

19,227,26249,633,240

xii) Provision for leave encashment

234,057191,403

xiii) Provision for other Contingencies

5,000,0003,500,000

xiv) Provision for Standard Assets

14,186,65510,978,040

xv) Provision for depreciation on investments

-263,000

xvi) CGSTPayable

2,261,9581,368,844

xvii) SGSTPayable

2,098,9041,368,718

xviii) Sundry Creditors PO's Refund

28,489-

xix) BBPS Funded

9,869-

Total

86,393,608 132,108,433

SCHEDULE : 6

PROFIT AND LOSS

Profit brought forward of previous year

73,543,25651,593,971

Less: Appropriations of the previous year

(40,141,832)(32,442,373)

Balance profit of previous year

33,401,42419,151,598

Add: Profit for the year

75,390,25756,005,687

Less: Income Tax of earlier years

-(74,564)

Less: Appropriations towards Investment Fluctuation Reserve

(1,000,000)(500,000)

Appropriations towards Statutory Reserve

--

Appropriation towards special reserve U/s. 36 (i) (viii) of IT Act

(777,000)(1,039,465)

Deferred tax of earlier years

  

  

Total

107,014,68173,543,256

SCHEDULE: 7

CASH AND BALANCES WITH RBI

I) In hand

55,794,69233,085,547

ii) Balance with Reserve Bank,State Bank of India,

and State Co-Operative Bank

127,520,464132,199,140

iii) Cheque in Transit

--

Total

183,315,156165,284,687

SCHEDULE: 8

BALANCE WITH OTHER BANKS AND MONEY AT CALL AND SHORT NOTICE:

I Balances with Banks

 (i) In Current Accounts

25,181,30930,825,684

 (ii) in Deposit Accounts

237,755,622287,000,000

II Money at Call & Short Notice

(i) With Banks

--

(ii) With Other Institutions

530,000,000260,000,000

Total

792,936,931 577,825,684

SCHEDULE: 9

INVESTMENTS

Govt. Securities

712,370,747703,876,811

Treasury Biils

--

Mutual Funds

-209,999,600

Commercial Paper

47,750,50048,608,350

Investment in Bonds

75,133,00012,973,000

Total

835,254,247

975,457,761

SCHEDULE : 10

ADVANCES: (Ref: Schedule -19 Note No: B (v)

I

i.Bills purchased and discounted

7,310,4782,054,970

ii. Cash Credits, Overdrafts and Loans payable on demand

2,862,924,4672,470,884,312

iii. Term Loans

72,348,40785,438,949

Total

2,942,583,3522,558,378,231

II

i. Secured by tangible assets

2,940,205,3532,522,521,797

ii. Unsecured

2,377,99935,856,434

Total

2,942,583,352 2,558,378,231

III

i. Priority sector

1,854,548,0001,314,733,000

ii. Public sector

iii. Banks

iv. Others

1,088,035,3521,243,645,231

Total

2,942,583,3522,558,378,231

IV

Sub-Classification

Short Terms Loans- Cash Credit, Overdraft, Bills Discounted & other ST Loans

2,359,755,0502,158,759,540

Medium Term Loans

91,648,07886,522,741

Long Term Loans

482,988,538269,272,730

Protested Accounts

8,191,68643,823,220

Total

2,942,583,3522,558,378,231

SCHEDULE: 11

OTHER FIXED ASSETS (INCLUDING FURNITURE & FIXTURES)

At Cost on 31st March of the preceeding year

33,560,58331,112,372

Additions during the year

6,592,5546,047,367
40,153,13737,159,739

Deduction during the year

(3,243,262)(3,599,156)
36,909,87533,560,583

Depreciation to date

(19,071,546)(18,847,226)

Total

17,838,329 14,713,357

SCHEDULE: 12

OTHER ASSETS:

(i)Interest receivable

On Investments

22,517,41029,358,493

On Non Performing advances (contra)

7,936,68637,995,955

ii) Stationary and Stamps

623,454847,129

iii) Income Tax refund receivable

11,060,96511,060,965

iv) Deferred Tax Asset

7,171,6218,171,434

v) Others (Details enclosed)

21,540,54339,659,780

Total

70,850,679 127,093,756

Details of "Others" under Other Assets:

i) Staff advances

662,225604,250

ii) Prepaid expenses

316,450287,374

iii) Telephone Deposit

155,995155,995

iv) Rental Deposit

5,020,9764,634,708

v) Electricity Deposit

133,422133,422

vi) Other Receivables

024,590

vii) BBPS Payable Account

00

viii) Clearing

61,33129,985,000

ix) Cheque clearing adjustment account

2,485,6250

x) Sundry Debtors

1,490,4771,483,460

xi)Provision for Income Tax(net of taxes)

7,059,8320

xii)CGST Receivable

1,145,663645,488

xiii) SGST Receivable

1,338,173837,975

xiv) IGST

1,670,374867,518

Total

21,540,54339,659,780

SCHEDULE: 13

Cotingent Liability

i) Guarantees given on behalf of Constituents

21,710,28031,632,729

ii) Income Tax Demands

--

iii) Amount Transferred to DEAF

6,505,4415,736,792

iv) Invoked Bank Guarantee

--

v)Other items for which the bank is contingently liable

238,742238,742

Total

28,454,463 37,608,263

SCHEDULE: 14

INTEREST EARNED

Interest on Loans

341,920,128250,034,022

Interest on Investments & Fixed Deposits

82,852,20878,246,436

Interest on Call Money lending

18,349,2768,875,714

Total

443,121,612 337,156,172

SCHEDULE: 15

OTHER INCOME

Commission, Exchange and Brokerage

772,2521,879,268

Incidental Charges

498,981427,884

Income on Lockers

951,806840,154

Profit on sale of Mutual Funds

8,892,93316,084,522

Miscellaneous Income

11,151,2479,643,748

Excess Provision written back

59,2107,132

Profit on sale of Investments

11,702,28418,084

Total

34,028,713 28,900,792

SCHEDULE: 16

INTEREST ON DEPOSITS, BORROWINGS ETC:

Interest on Deposits

299,190,762216,924,514

Interest on Borrowings

15,6015,681

Total

299,206,363 216,930,195

SCHEDULE: 17

OTHER OPERATING EXPENSES

Rent, Taxes, Insurance and Lighting etc

14,324,40311,674,938

Law Charges

982,400416,521

Postage, Telegrams & Telephone Charges

520,545584,346

Auditors fees

130,000130,000

Depreciation on Fixed Assets

2,616,8842,269,724

Repairs & Maintenance

1,808,3431,287,291

Stationery, Printing,& advertisement etc

1,434,6721,340,588

Premium on Investments Amortised

769,728740,881

Interest on income tax

514,557201,143

Directors and Local Committee members fees

303,650291,600

Ineligible Credit on GST

2,236,1801,538,990

Other Expenditure

11,117,09211,648,198

Total

36,758,45432,124,220

SCHEDULE: 18

PROVISIONS AND CONTINGENCIES:

Provision for Gratuity

1,358,4541,443,069

Provision for Leave Encashment

234,057191,403

Provision for Bonus / Exgratia

371,909380,678

Provision for other contingencies

1,500,0001,500,000

Provision for Standard Assets

3,208,6153,384,702

Provision for Depreciation on Investments

3,121,950-

Provision for Bad & Doubtful debts

3,072,4572,761,128

Total

12,867,442 9,660,980