
|
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 | 500,000,000 | 250,000,000 | 4,00,000 'B' class shares of Rs.5/- each | 2,000,000 | 2,000,000 | | 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 | 163,051,410 | 97,933,950 | 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) | 93,495,950 | 65,942,400 | Less:Refund of share capital during the year 104601 (Pr. Yr 33,223) | (2,615,025) | (830,575) | Total | 253,926,700 | 163,051,410 | | | | SCHEDULE - 2 | | | | | | RESERVES AND SURPLUS | | | (i) Statutory Reserve | | | Opening Balance: | 81,849,481 | 71,554,730 | Additions during the year | 13,597,914 | 9,367,666 | Transfer from Unclaimed Dividend | 803,326 | 927,085 | Total | 96,250,721 | 81,849,481 | | | | (ii) General Reserve | | | Opening Balance: | 68,249,029 | 63,242,219 | Additions during the year | 5,004,044 | 5,006,810 | Total | 73,253,073 | 68,249,029 | | | | (iii) Investment Fluctuation Reserve | | | Opening Balance: | 4,262,000 | 3,762,000 | Additions during the year | 1,000,000 | 500,000 | Total | 5,262,000 | 4,262,000 | | | | (iv) Depreciation Reserve for Investments | | | Opening Balance: | 1,390,100 | 1,390,100 | Additions during the year | 3,384,950 | - | Total | 4,775,050 | 1,390,100 | | | | (v) Common Good Fund | | | Opening Balance: | 272,883 | 278,176 | Additions during the year | 543,917 | 374,707 | (deductions during the Year) | (530,000) | (380,000) | Total | 286,800
| 272,883 | | | | (vi) Education Fund | | | Opening Balance: | 1,559,832 | 1,551,682 | Additions during the year | 150,000 | 150,000 | (deductions during the Year) | (228,821) | (141,850) | Total | 1,481,011 | 1,559,832 | | | | (vii) Special Reserve U/s 36 (i) (viii) of I.T ACT | | | Opening Balance: | 4,258,455 | 3,218,990 | Additions during the year | 777,000 | 1,039,465 | Total | 5,035,455 | 4,258,455 | | | | Total | 186,344,110 | 161,841,780 | | | | SCHEDULE : 3 | | | | | | DEPOSITS: | | | (i) Fixed Deposits | 3,561,738,270 | 3,176,472,915 | (ii) Savings Bank Deposits | 437,238,331 | 420,878,233 | (iii) Current Deposits | 160,210,392 | 256,786,549 | iv) Credit Balances in CC/OD a/cs | 15,155,816 | 13,354,453 | 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) | 3,189,280 | 3,109,506 | (b) Interest accrued on Deposits | 27,923,337 | 14,039,943 | (c) Unclaimed Dividends | 4,447,495 | 4,494,083 | Less Transfer to Statutory Reserve | (803,326) | (927,085) | Sub total | 3,644,169 | 3,566,998 | (d) Others (Details enclosed) | 86,393,608 | 132,108,433 | Total | 121,150,394 | 152,824,880 | | | | Details of "Others'under Other Liabilities & Provisions | | | (i) Overdue interest reserve (contra) | 7,936,686 | 37,995,955 | ii) Bankers cheque/pay order | 3,678,697 | 1,891,722 | iii) Demand Drafts Payable | 8,378,521 | 8,386,330 | iv) Outstanding Liabilities | 1,432,781 | 1,149,248 | v) Sundry creditors | 335,942 | 337,908 | vi) Clearing | - | - | vii) Sale Officer | 286,000 | 130,000 | vii) Unclaimed Deposits | 2,678,482 | 2,658,668 | viii) TDS payable | 8,875,036 | 44,999 | ix) Provision for Gratuity | 9,744,269 | 8,385,815 | x)Provision for Income Tax(net of taxes) | - | 3,824,543 | xi) Provision for Bad & Doubtful debts | 19,227,262 | 49,633,240 | xii) Provision for leave encashment | 234,057 | 191,403 | xiii) Provision for other Contingencies | 5,000,000 | 3,500,000 | xiv) Provision for Standard Assets | 14,186,655 | 10,978,040 | xv) Provision for depreciation on investments | - | 263,000 | xvi) CGSTPayable | 2,261,958 | 1,368,844 | xvii) SGSTPayable | 2,098,904 | 1,368,718 | 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 | 73,543,256 | 51,593,971 | Less: Appropriations of the previous year | (40,141,832) | (32,442,373) | Balance profit of previous year | 33,401,424 | 19,151,598 | Add: Profit for the year | 75,390,257 | 56,005,687 | 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 | 107,014,681 | 73,543,256 | | | | SCHEDULE: 7 | | | | | | CASH AND BALANCES WITH RBI | | | I) In hand | 55,794,692 | 33,085,547 | ii) Balance with Reserve Bank,State Bank of India, | | | and State Co-Operative Bank | 127,520,464 | 132,199,140 | iii) Cheque in Transit | - | - | Total | 183,315,156 | 165,284,687 | | | | SCHEDULE: 8 | | | | | | BALANCE WITH OTHER BANKS AND MONEY AT CALL AND SHORT NOTICE: | | | I Balances with Banks | | | (i) In Current Accounts | 25,181,309 | 30,825,684 | (ii) in Deposit Accounts | 237,755,622 | 287,000,000 | II Money at Call & Short Notice | | | (i) With Banks | - | - | (ii) With Other Institutions | 530,000,000 | 260,000,000 | Total | 792,936,931 | 577,825,684 | | | | SCHEDULE: 9 | | | | | | INVESTMENTS | | | Govt. Securities | 712,370,747 | 703,876,811 | Treasury Biils | - | - | Mutual Funds | - | 209,999,600 | Commercial Paper | 47,750,500 | 48,608,350 | Investment in Bonds | 75,133,000 | 12,973,000 | Total | 835,254,247 | 975,457,761 | | | | SCHEDULE : 10 | | | | | | ADVANCES: (Ref: Schedule -19 Note No: B (v) | | | I | | | i.Bills purchased and discounted | 7,310,478 | 2,054,970 | ii. Cash Credits, Overdrafts and Loans payable on demand | 2,862,924,467 | 2,470,884,312 | iii. Term Loans | 72,348,407 | 85,438,949 | Total | 2,942,583,352 | 2,558,378,231 | II | | | i. Secured by tangible assets | 2,940,205,353 | 2,522,521,797 | ii. Unsecured | 2,377,999 | 35,856,434 | Total | 2,942,583,352 | 2,558,378,231 | III | | | i. Priority sector | 1,854,548,000 | 1,314,733,000 | ii. Public sector | | | iii. Banks | | | iv. Others | 1,088,035,352 | 1,243,645,231 | Total | 2,942,583,352 | 2,558,378,231 | IV | | | Sub-Classification | | | Short Terms Loans- Cash Credit, Overdraft, Bills Discounted & other ST Loans | 2,359,755,050 | 2,158,759,540 | Medium Term Loans | 91,648,078 | 86,522,741 | Long Term Loans | 482,988,538 | 269,272,730 | Protested Accounts | 8,191,686 | 43,823,220 | Total | 2,942,583,352 | 2,558,378,231 | | | | SCHEDULE: 11 | | | | | | OTHER FIXED ASSETS (INCLUDING FURNITURE & FIXTURES) | | | At Cost on 31st March of the preceeding year | 33,560,583 | 31,112,372 | Additions during the year | 6,592,554 | 6,047,367 | | 40,153,137 | 37,159,739 | Deduction during the year | (3,243,262) | (3,599,156) | | 36,909,875 | 33,560,583 | 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 | 22,517,410 | 29,358,493 | On Non Performing advances (contra) | 7,936,686 | 37,995,955 | ii) Stationary and Stamps | 623,454 | 847,129 | iii) Income Tax refund receivable | 11,060,965 | 11,060,965 | iv) Deferred Tax Asset | 7,171,621 | 8,171,434 | v) Others (Details enclosed) | 21,540,543 | 39,659,780 | Total | 70,850,679 | 127,093,756 | | | | Details of "Others" under Other Assets: | | | i) Staff advances | 662,225 | 604,250 | ii) Prepaid expenses | 316,450 | 287,374 | iii) Telephone Deposit | 155,995 | 155,995 | iv) Rental Deposit | 5,020,976 | 4,634,708 | v) Electricity Deposit | 133,422 | 133,422 | vi) Other Receivables | 0 | 24,590 | vii) BBPS Payable Account | 0 | 0 | viii) Clearing | 61,331 | 29,985,000 | ix) Cheque clearing adjustment account | 2,485,625 | 0 | x) Sundry Debtors | 1,490,477 | 1,483,460 | xi)Provision for Income Tax(net of taxes) | 7,059,832 | 0 | xii)CGST Receivable | 1,145,663 | 645,488 | xiii) SGST Receivable | 1,338,173 | 837,975 | xiv) IGST | 1,670,374 | 867,518 | Total | 21,540,543 | 39,659,780 | | | | SCHEDULE: 13 | | | | | | Cotingent Liability | | | i) Guarantees given on behalf of Constituents | 21,710,280 | 31,632,729 | ii) Income Tax Demands | - | - | iii) Amount Transferred to DEAF | 6,505,441 | 5,736,792 | iv) Invoked Bank Guarantee | - | - | v)Other items for which the bank is contingently liable | 238,742 | 238,742 | Total | 28,454,463 | 37,608,263 | | | | SCHEDULE: 14 | | | | | | INTEREST EARNED | | | Interest on Loans | 341,920,128 | 250,034,022 | Interest on Investments & Fixed Deposits | 82,852,208 | 78,246,436 | Interest on Call Money lending | 18,349,276 | 8,875,714 | Total | 443,121,612 | 337,156,172 | | | | SCHEDULE: 15 | | | | | | OTHER INCOME | | | Commission, Exchange and Brokerage | 772,252 | 1,879,268 | Incidental Charges | 498,981 | 427,884 | Income on Lockers | 951,806 | 840,154 | Profit on sale of Mutual Funds | 8,892,933 | 16,084,522 | Miscellaneous Income | 11,151,247 | 9,643,748 | Excess Provision written back | 59,210 | 7,132 | Profit on sale of Investments | 11,702,284 | 18,084 | Total | 34,028,713 | 28,900,792 | | | | SCHEDULE: 16 | | | | | | INTEREST ON DEPOSITS, BORROWINGS ETC: | | | Interest on Deposits | 299,190,762 | 216,924,514 | Interest on Borrowings | 15,601 | 5,681 | Total | 299,206,363 | 216,930,195 | | | | SCHEDULE: 17 | | | | | | OTHER OPERATING EXPENSES | | | Rent, Taxes, Insurance and Lighting etc | 14,324,403 | 11,674,938 | Law Charges | 982,400 | 416,521 | Postage, Telegrams & Telephone Charges | 520,545 | 584,346 | Auditors fees | 130,000 | 130,000 | Depreciation on Fixed Assets | 2,616,884 | 2,269,724 | Repairs & Maintenance | 1,808,343 | 1,287,291 | Stationery, Printing,& advertisement etc | 1,434,672 | 1,340,588 | Premium on Investments Amortised | 769,728 | 740,881 | Interest on income tax | 514,557 | 201,143 | Directors and Local Committee members fees | 303,650 | 291,600 | Ineligible Credit on GST | 2,236,180 | 1,538,990 | Other Expenditure | 11,117,092 | 11,648,198 | Total | 36,758,454 | 32,124,220 | | | | SCHEDULE: 18 |
| | | | | PROVISIONS AND CONTINGENCIES: |
| | Provision for Gratuity | 1,358,454 | 1,443,069 | Provision for Leave Encashment | 234,057 | 191,403 | Provision for Bonus / Exgratia | 371,909 | 380,678 | Provision for other contingencies | 1,500,000 | 1,500,000 | Provision for Standard Assets | 3,208,615 | 3,384,702 | Provision for Depreciation on Investments | 3,121,950 | - | Provision for Bad & Doubtful debts | 3,072,457 | 2,761,128 | Total | 12,867,442 | 9,660,980 |
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