ìerpesSmedyeer menkeÀejer yeBkeÀ efue. - TJSB Bank · 1. To read and confirm the minutes of the Annual General Meeting held on 30th June 2013. 2. To approve the Annual Report placed

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otjOJeveer - 2 5 8 7 8 5 0 0 He@ÀkeÌme - 2 5 8 78 65 0Website : www.tjsb.co.in E-mail : [email protected]

43rd Annual Report 2

rd st43 Annual General Meeting of the Bank will be held on Sunday, 1 June 2014 at 10.00 a.m. at Tip Top Plaza, L.B.S. Road,

Wagle Estate, Thane – 400 604 to transact following business. Members are requested to attend the meeting on time.

th1. To read and confirm the minutes of the Annual General Meeting held on 30 June 2013.

2. To approve the Annual Report placed by the Board of Directors for the Financial Year ended 31st March 2014,

Balance Sheet and Profit and Loss Account, Appropriation of Profit and take a note of Statutory Auditor’s report.

3. To write off the bad and doubtful loan accounts, certified by the Statutory Auditors.

4. To appoint Statutory Auditors for the Financial Year 2014-15 and to authorize Board of Directors to fix their

remuneration. The Board of Directors recommends M/s. Gokhale & Sathe, Chartered Accountants, 302 / 303,

Udyog Mandir No. 1, 7-C, Bhagoji Keer Marg, Mahim, Mumbai - 400 016 for appointment as Statutory Auditors.

5. To approve the proposal of distribution of donations out of charitable fund of the Bank, to Charitable / Social

Institutions.

6. To approve Bye-Law amendments as proposed.

7. Any other matter with the permission of the Chair.

1. Members who wish to have any additional information or those who wish to make any suggestions should stsubmit their request in writing at the Registered Office of the Bank on or before 21 May 2014 during office hours.

st st2. Those members who will not collect their dividend for the year ended 31 March 2011 on or before 21 July

2014, such dividend will be forfeited and transferred to Statutory Reserve of the bank as per Bye-law No.

42 (iii). Those members who have not received the dividend warrants are requested to collect the same from

Shares Department located at TJSB House, Plot No. 5 B, Road No.2, Wagle Estate, Thane (West) – 400 604.

3. Any change in Name, Address or Nomination of the member should be intimated immediately to the Bank at

Shares Dept., TJSB House, Plot No. 5 B, Road No.2, Wagle Estate, Thane (West) – 400 604 in writing.

4. Members may enquire at Shares Dept., TJSB House, Plot No. 5 B, Road No.2, Wagle Estate, Thane ( West ) –

400 604 for non-receipt of Share Certificate.

5. Dividend will be transferred to respective saving or other account of the Members on written request submitted

to Shares Dept., TJSB House, Plot No. 5 B, Road No.2, Wagle Estate, Thane (West) – 400 604 of the bank.

Note : If within half an hour after the time appointed for the meeting, the quorum is not formed, the meeting would stand

adjourned and this adjourned meeting shall be held at 10.40 am on the same day and same place. This adjourned

meeting will not require any separate notice or quorum.

Important Notice to the Members


TJSB Sahakari Bank Ltd. (Multi-State Scheduled Bank)

(Reg. No. MSCS/CR/287/2008 Date: 23/10/2008)

NOTICE OF ANNUAL GENERAL MEETING

A G E N D A

By Order of the Board of Directors

S. R. UtekarChief Executive Officer

Registered Office :

TJSB Sahakari Bank Ltd.TJSB House, Plot No. 5 B, Road No. 2,

Wagle Estate, Thane (West) - 400 604.

Date: 13/05/2014

BOARD OF DIRECTORS 1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

Website : www.tjsb.co.in E-mail : [email protected]


Shri. V. A. Vaishampayan

Shri. C. N. Menon

Mrs. A. R. Apte

Shri. R. K. Agarwal

Mrs. P. B. Iyer

Shri. R. K. Kanani

Shri. M. D. Khutade

Shri. N. D. Mandge

Shri. B. V. Date

Shri. V. M. Patki

Shri. P. D. Thakur

Shri. Vinodkumar Bansal

Shri. S. R. Utekar

M. Tech (Production), Chartered Engineer

B.A., BGL

B.Sc., LLB

B.Sc.

B.Com., A.C.A.

Diploma in Mech. Engg.

M.Sc., DHE

B.Sc., Diploma Tech (Paints)

M.Com., LLB, AICWA, FCA

B.Com., LLB

FCA

B.Com., LLB, CAIIB - 1

Chairman

Vice-Chairman

Director

Director

Director

Director

Director

Director

Director

Director

Director

Co-Opted Director

Chief Executive Officer

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

15.

16.

17.

18.

19.

20.

21.

22.

SENIOR EXECUTIVES B.Com., CAIIB, ICWA, CS

BSC, DE,MCP, MCSE, CIISA,CISP,Diploma in Cyber Law

B.Com., CAIIB, BGL, CFA-Inter

B.Com., CAIIB

M.Com., LLB, CAIIB

B.Com., JAIIB

B.Com., LLB, CAIIB

B.Com., CAIIB

B.Com., CAIIB, DTIRM

B.E. (IT)

B.Com.

B.Com., CAIIB

B.Com., CAIIB

B.E. MECHANICAL,PGDM, CISA, CIA, ISO 27000 LA

B.Com., LLB, CAIIB, CS Inter

B.Com., CAIIB

B.Sc., CAIIB, LLB

B.Com., CA, CS Inter (Grp. I), CAIIB

B.Com., JAIIB

B.Com., CAIIB

B.Com., JAIIB

B.Sc, B.Com., LLB, LCS, CAIIB, DCM, DFM,

DBM, DEIM, PGDRM, DCL, ISO 20000, ISO 27001

Shri S.P. Sathe

Shri Sanjeev Kamat

Shri. S.V. Pathak

Shri. V.R. Namjoshi

Shri. S. V. Mhaskar

Shri. G.A. Gangal

Shri. S.H. Koranne

Shri. N.N. Arekar

Shri. S.B. Purohit

Shri. S.L. Jambhale

Shri. H.N. Kulkarni

Shri. V.G. Navare

Shri. S.M. Mayekar

Shri. V. C. Mudgerikar

Shri. M.M.Phadke

Shri. M.P.Godse

Shri. H.R. Bapat

Mrs. S.K. Kalke

Shri. D.L. Kulkarni

Shri. V.D. Dixit

Shri. V.G. Gore

Shri. A.P. Prabhu

Chief General Manager

General Manager

Dy. General Manager

Dy. General Manager

Dy. General Manager

Dy. General Manager

Dy. General Manager

Dy. General Manager

Dy. General Manager

Asst. General Manager












Dy. General Manager

Statutory Auditors :Gokhale & Sathe Chartered Accountants

Registered Office :TJSB House, Plot No. 5 B, Road No.2, Wagle Industrial Estate,

Thane (W) - 400 604. Phone : 25878500, Fax : 25878650

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yeBkeÀeRie J³eJemee³e meelel³eeves yeouele Deens ³ee®eer DeeHeu³eeuee peeCeerJe mebHetCe& peieYejeleerue efJekeÀmeveMeerue DeLe&J³eJemLeebceO³es ceneieeF&®ee oj Demesue®e. DeeefLe&keÀ JeeleeJejCe DeeJneveelcekeÀ nesle Deens Je efve³eecekeÀeb®es 10% Hes#ee peemle jeefnuee Deens. oef#eCe DeeefMe³ee Je DeeefHe´ÀkeÀe DeeefCe ceeHeob[ Depetve®e keÀeìskeÀesj nesle Deensle. DeeHeu³ee efve³eb$eCeeHeefuekeÀ[s jefMe³eve cenemebIe ³ee Yeeieele mLeeveer³e mlejeJej Jee{Cee-³ee DevveOeev³eeb®³ee Demeuesu³ee ce³ee&oe HeeUtve keÀece keÀje³e®es DeeJneve meceesj Deens. lemes®e efkebÀceleer, j®eveelcekeÀ efJemkeÀefUleHeCee Je Gpex®eer keÀcelejlee DeMee DeveskeÀ peeieeflekeÀ JeeleeJejCe DeefleMe³e DeefmLej Deens. ³ee meJe& DeeJneveelcekeÀ keÀejCeebcegUs ®eueveJee{er®ee oj ®e{e®e jenCeej Deens.HeefjefmLeleerlener yeBkesÀves GuuesKeefve³e keÀeceefiejer kesÀueer Deens.Yeejleer³e DeeefLe&keÀ efmLeleer ëmeve 2013-14 ®³ee yeBkesÀ®³ee keÀeceefiejer®ee DenJeeue DeeHeu³ee meceesj meve 2013-14 ®eer megjÀJeele 4.89% Je 10.09% DeMee þsJeC³eeHetJeea mebHetCe& yeBkeÀeRie J³eJemee³eeJej HeefjCeece keÀjCeeN³ee peeieeflekeÀ Je keÀceer Demeuesu³ee IeeTkeÀcetu³e Je ieénkeÀcetu³e efveoxMeebkeÀeves Peeueer. veesJnWyej Yeejleer³e DeLe&J³eJemLesleerue Ie[ecees[eR®ee Hejece<e& IesCes Gef®ele þjsue.2013 ceO³es ns oesvner oj Devegke´Àces 7.52% Je 11.16% FlekesÀ

peeieeflekeÀ DeeefLe&keÀ efmLeleerëJee{ues DeeefCe HesÀye´gJeejer 2014 ceO³es les Devegke´Àces 4.68% Je

He´l³eskeÀ Yeeieeleerue efJeefMe<ì HeefjefmLeleeR®³ee ce³ee&oe Je j®eveelcekeÀ 8.10% FlekesÀ Hejle Keeueer Deeues. iesu³ee DeveskeÀ Je<ee¥Heemetve

mlejeJejerue yebOeves, keÀceer Peeuesueer ceeieCeer DeMee DeveskeÀ og<ì®eke´Àele IeeTkeÀcetu³e efveoxMeebkeÀ efve³eb$eCeeKeeueer þsJeCee-³ee DeLe&OeesjCeeJej efjPeJn&

De[keÀuesu³ee efJekeÀmeveMeerue DeeefCe efJekeÀefmele DeLe&J³eJemLee DeeHeu³ee yeBkesÀ®ee Yej jeefnuee Deens. leLeeefHe [e@. Gefpe&le Heìsue meefceleer®³ee

keÀeceefiejer®ee opee& Gb®eeJeC³eeme keÀceer He[u³ee Deensle. HeefjCeeceer DecesefjkeÀe, efMeHeÀejMeervegmeej DeLe&OeesjCee®eer efoMee IeeTkeÀ oje®es efve³eb$eCe keÀjC³eeSsJepeer

Fbiue[, peHeeve DeeefCe ³egjesHeer³e osMe ³eeb®ee efJekeÀeme oj keÀceer Peeuee Deens. ieénkeÀcetu³e efveoxMeebkeÀ efve³ebef$ele jeKeCeejer DemeCeej Deens. HeefjCeeceer

DeveskeÀ efJekeÀmeveMeerue osMeebvee keÀceer HećeeCeele nesCeeje peeieeflekeÀ DeLe&HegjJeþe YeefJe<³eele efjPeJn& yeBkeÀ HeécegK³eeves IeeTkeÀcetu³e efveoxMeebkeÀeSsJepeer

Je Yeeb[Jeueer iegbleJeCegkeÀerleerue DeefmLejlee DeMee oesvner mecem³eebvee meeceesjs peeJes ieénkeÀcetu³e efveoxMeebkeÀeJej DeeHeues ue#e keWÀefêle keÀjC³ee®eer DeHes#ee Deens.

ueeieues Deens. keÀenerMeer ceboerkeÀ[s PegkeÀCeejer peeieeflekeÀ Jee{ YeefJe<³eele DeeefLe&keÀ Je<ee&®³ee megjJeeleeruee efJeosMe efJeefvece³ee®ee oj Heéfle [e@uej DevegYeJe³eeuee efceUCeej Deens. 54.28 FlekeÀe neslee. ®eeuet Keel³eeleerue Jee{leer letì, IeìCeejer HejkeÀer³e

Jee{leer yesjespeieejer, keÀceer nesCeejer iegbleJeCetkeÀ, Ieìle peeCeejer Keepeieer DeeefCe iebieepeUer, Jee{leer ceneieeF& DeeefCe DecesefjkesÀ®³ee DeeefLe&keÀ GoejerkeÀjCe meeJe&peefvekeÀ GHeYeesielee HeCe keÀenerMeer Jee{uesueer efve³ee&le ³eecegUs 2013®³ee OeesjCeeleerue DeHesef#ele yeoue Fl³eeoer keÀejCeebcegUs efJeosMe efJeefvece³e oj ogme-³ee efleceenerveblej HeefM®ece ³egjesHeer³e yeepeejHesþ ceboerletve nUtnUt meeJejle peueo ieleerves Iemejuee Je Dee@iemì 2013 ceO³es 68.83 Heéfle [e@uej Deens. {esyeU GlHevve meve 2014 Je 2015 ceO³es Devegke´Àces 1.5 Je FlekeÀe Peeuee.

43 Jee Jeeef<e&keÀ DenJeeue 2013-2014


efJeosMe efJeefvece³eeleerue ®e{Gleej keÀceer keÀjC³eemeeþer efjPeJn& yeBkesÀves jesKelee DeeefCe ye®ele Keel³eeleerue þsJeer 1500 keÀesìeRntve DeefOekeÀ Deensle. ³ee HećeeCe efve³ebef$ele kesÀues. osMeele ³esCee-³ee HejkeÀer³e iegbleJeCegkeÀer®es HećeeCe DeeefLe&keÀ Je<ee&le yeBkesÀves efveJJeU veHeÌ³ee®ee 93 keÀesìeR®ee ìHHee ieeþuee Jee{JeC³eemeeþer DeveskeÀ Ghee³e ³eespevee efjPeJn& yeBkesÀves jeyeefJeu³ee Je meesves Deens.Dee³eeleerJej efveye¥Oe Ieeleues Deensle. efjPeJn& yeBkesÀves ³eespeuesu³ee SkeÀef$ele Ghee³eebcegUs jÀHe³ee®ee efJeefvece³e oj 60 Heéfle [e@uej Demee efmLejeJeuee Deens pees iesu³ee 9 ceefnv³eeleerue veer®eebkeÀ Deens. cee®e& 2014 ceO³es HejkeÀer³e iebieepeUer 299 efyeefue³eve [e@ueme& FlekeÀer Peeuesueer Deens.

meve 2013-14 ³ee DeeefLe&keÀ Je<ee&le DeeefLe&keÀ efJekeÀemee®ee oj keÀceer®e jeefnuee Deens. jÀHe³ee®es IeìCeejs cetu³e, ®e{s J³eepeoj DeeefCe mejkeÀej®³ee DeeefLe&keÀ OeesjCeeleerue keÀcelejlee DeMee DeveskeÀ keÀejCeebcegUs DeeefLe&keÀ efJekeÀeme ceboeJeuee Deens. DeewÐeesefiekeÀ Jee{er®ee Jesie yengleskeÀ JesUe vekeÀejelcekeÀ jeefnuee Deens lej Jee{er®ee {esyeU efveoxMeebkeÀ meelel³eeves He´l³eskeÀ efleceenerle 5 þsJeer ëìkeÌkeÀ³eebHes#ee keÀceer jeefnuee Deens.

meve 2013-14 ceO³es yeBkesÀves þsJeeR®eer Jee{ 17% veeWoJeueer Deens.Jee{l³ee ceneieeF&cegUs Je ceboeJeuesu³ee DeeefLe&keÀ Jee{ercegUs yeBkeÀeRie #es$eele þsJeer þsJeeR®ee leHeMeerue KeeueerueHećeeCes ë Je keÀpex ³eeb®³ee Jee{er®es HećeeCe Devegke´Àces 16% Je 14% jeefnues Deens. meve 2013-14 ®³ee ceO³eele Demeuesueer ceneieeF&, efJeosMe efJeefvece³e oj Je HejkeÀer³e iebieepeUer ³eeb®eer efmLeleer meO³ee keÀenerMeer megOeejueer Deens.

meve 2013-14 ³ee DeeefLe&keÀ Je<ee&le Iejiegleer Je peeieeflekeÀ mlejeJejerue DeveskeÀ IeìkeÀebcegUs Yeejleer³e DeLe&J³eJemLesJej HeefjCeece Peeuee Deens. {esyeU cegoleþsJeeRJejerue J³eepeoj ®e{s Demetvener yeBkesÀves ®eeuet Je ye®ele Keel³eeb®es GlHevveele keÀceer Peeuesueer Jee{, Jee{leer ceneieeF& DeeefCe Jee{Ceejer DeeefLe&keÀ letì

HećeeCe SketÀCe þsJeeRb®³ee leguevesle 25% FlekesÀ jeKeues Deens.ner DeLe&J³eJemLesmeceesjerue cegK³e DeeJneves jeefnueer Deensle.keÀpe& ëmeve 2013-14 ceO³es DeeefLe&keÀ Jee{er®ee oj ieleJe<eea®³ee 5.4% ®³ee DenJeeue Je<ee&le keÀpe& J³eJenej 19.80% cnCepes 673.24 leguevesves 4.8% Demee jeefnuee Deens. Mesleer GlHeeove, DeewÐeesefiekeÀ #es$e Je keÀesìeRveer Jee{uee Deens. ieleJe<eea keÀpe& Je þsJeeR®es 64.06% Demeuesues mesJee#es$e ³eeb®³ee keÀeceefiejerleerue IemejCeercegUs Jee{er®ee Jesie HeécegK³eeves

ceboeJeuee Deens. efJeosMe J³eeHeejeleerue Jee{leer letì cegK³eleë ®eeuet Keel³eeleerue HećeeCe DenJeeue Je<ee&le 65.77% Peeues Deens.legìeruee keÀejCeerYetle Deens. meO³ee leer {esyeU GlHeeovee®³ee 2% Hes#ee keÀceer yeBkesÀ®ee meO³ee®ee MeeKee efJemleej ue#eele Ieslee YeewieesefuekeÀ HeefjefmLeleeruee Deens.

DevegmejÀve yeBkesÀves efJeYeeieer³e mlejeJej keÀpe&Heéfke´À³ee megueYe Je ieefleceeve mejkeÀejves Ieeleuesu³ee meesves Dee³eeleerJejerue efveye¥OeecegUs Je efjPeJn& yeBkesÀves nesC³eemeeþer efJeMes<e efJeMues<ekeÀeb®eer vesceCetkeÀ kesÀueer Deens. efjPeJn& yeBkesÀ®³ee Yeeb[Jeueer ðeesle Jee{JeC³eemeeþer DeefveJeemeer Yeejleer³eebvee efouesu³ee efJeMes<e melele yeoueCee-³ee OeesjCeeb®ee efJe®eej keÀjÀve yeBkesÀves keÀpe& cebpegjer Heéfke´À³ee meJeueleeRcegUs (cegoleþsJeeRJej)Yeejleer³eeb®eer ®eeuet Keel³eeJejerue letì iesu³ee 8 megueYe Je meelel³eHetCe& jeKeC³ee®es OeesjCe mJeerkeÀejues Deens. keÀpe& efJelejCee®ee Je<ee&leerue meJee&le keÀceer mlejeJej jeefnueer Deens. Hejbleg YeefJe<³eele ®ee³eveerpe opee& ³eesi³e jeKeC³eemeeþer peesKeerce J³eJemLeeHevee®es ceeHeobb[ þjJetve Je ³egDeeve®es DeJecetu³eve Je meesves Dee³eeleerJejerue efveye¥Oe GþJeu³eeme ³eeceO³es l³eevegmeej keÀpe& He´keÀjCes neleeUC³eemeeþer yeBkesÀves cebpegjermeeþer efJeYeeieer³e efJeHeefjle HeefjCeece nesT MekeÀlees. mleje®ee DeJeuebye kesÀuee Deens. DeuHecegoleerle GefÎ<ìs ieeþC³ee®es OeesjCe

jeyeJeu³eecegUs yeBkesÀ®³ee keÀpe&J³eJenejele mekeÀejelcekeÀ Jee{ Peeueer Deens. meve 2013-14 ceOeerue yeBkesÀ®³ee J³eJeneje®eer þUkeÀ JewefMe<ì³esëlemes®e keÀceer cegole DemeCeeN³ee keÀpe& efJelejCeeJej Yej efou³eeves keÀpe& yeBkesÀ®ee SketÀCe J³eJenej meve 2013-14 ceO³es 10000 keÀesìeRHes#ee HegjJeþ³eele Jee{ keÀjCes meesHes iesues.peemle Deens. ieleJe<eea®³ee leguevesle yeBkesÀves 18% Jee{ kesÀueer Deens. ®eeuet

6

leHeMeerue 31.03.2014 31.03.2013 … Jee{/IeìSketÀCe Guee{eueþsJeerkeÀpex{esyeU veHeÀeefveJJeU veHeÀemJeefveOeer{esyeU DeveglHeeefole keÀpexefveJJeU DeveglHeeefole keÀpexHegbpeer He³ee&Hlelee

10268.016194.004074.01

146.3993.52

667.193.58…0.40…

15.05…

8708.935308.163400.77

113.0174.99

581.043.32…0.00…

13.48…

17.9016.6919.8029.5424.7114.83

0.260.40

11.65

( keÀesìeRceO³es)

þsJeer®ee He´keÀej 2013-14 % 2012-13®eeuetye®elecegoleSketÀCe

316.291,205.304,672.426,194.01

5.1119.4675.43

100.00

5.4219.5075.08

100.00

%

288.041,034.923,985.205,308.16


43rd Annual Report

leHeMeerue 2013-14 % 2012-13{esyeU DeveglHeeefole keÀpex

efveJJeU DeveglHeeefole keÀpex

SketÀCe keÀpex

145.9215.73

4,074.01

3.580.40

3.320

%

112.800

3,400.77

keÀpee¥®ee leHeMeerue KeeueerueHećeeCes ë keWÀê Devegke´Àces veewHee[e-þeCes, DebOesjer, veeefMekeÀ Je HegCes ³esLes keÀe³e&jle Deens. DenJeeue Je<ee&le Deeblejje<ìêr³e J³eJemee³e efJeYeeieeves SketÀCe 1326.83 keÀesìeR®ee J³eJenej kesÀuee Deens Je 6.97 keÀesìer FlekeÀe efveJJeU veHeÀe efceUefJeuee Deens. ³ee meboYee&leueer DeeblejyeBkeÀ J³eJenej 1288.00 keÀesìer FlekeÀe Peeuee Deens. ieleJe<eea®³ee leguevesle J³eJenejeleerue SketÀCe Jee{ meJe&He´keÀej®³ee Ghee³e ³eespeveeb®ee DeJeuebye keÀjÀvener yeouel³ee peeieeflekeÀ 10.35% Deens. `De` ÞesCeer®³ee keWÀêeceOetve DeeblejyeBkeÀ J³eJenej lemes®e HeefjefmLeleer®ee keÀpe&oejeb®³ee J³eJemee³eeJej HeefjCeece Peeu³eeves keÀener keÀpe&s Dee³eele efve³ee&le efJe<e³ekeÀ J³eJenej kesÀues peeleele. `ye` ÞesCeer®³ee keWÀêebceOetve DeveglHeeefole Peeueer. DeveglHeeefole keÀpee&®ee leHeMeerue KeeueerueHećeeCes ëmeJe&He´keÀej®³ee Dee³eele efve³ee&leer®³ee megefJeOee Keelesoejebvee yeBkeÀ HegjJele Deens.

DenJeeue Je<ee&le ³ee meJe& keWÀêebveer ue#eCeer³e keÀeceefiejer kesÀueer Deens. `keÀ` ÞesCeer®³ee SketÀCe 13 keWÀoébceOetve HejosMeer ®eueveefJe<e³ekeÀ J³eJenej kesÀues peeleele, p³ee®ee ueeYe efJeosMeer menueeruee peeCeejs He³e&ìkeÀ Je J³eJemeeef³ekeÀ efve³eefceleHeCes Iesle Deensle.efveJJeU DeveglHeeefole keÀpee&®es HećeeCe 0.40% jeKetvener meJe& veHeÀe jeKeerJe

efveOeerle Jeie& kesÀu³eeves yeBkesÀ®es mlej 1 ®es Yeeie Yeeb[Jeue me#ece Peeues Deens. DecesefjkeÀe DeeefCe ³egjesHeer³e mecegoe³eeleerue yeouel³ee DeeefLe&keÀ Je jepekeÀer³e efmLeleercegUs peeieeflekeÀ DeLe&J³eJemLee leCeeJeHetCe& HeefjefmLeleeruee leeW[ osle Deens. iegbleJeCetkeÀ ë peieYejeleerue meJe& yeepeejHesþeleerue efJeefvece³e ojele HeÀej ceesþ³ee HećeeCeele ieleJe<eea®³ee 1820.22 keÀesìeR®³ee leguevesle DenJeeue Je<eea yeBkesÀ®eer ®e{Gleej nesle Deensle pes DeeefLe&keÀ keÀejCeebHes#eener Je=Êe He´meejCeecegUs Ie[le iegbleJeCetkeÀ 24.59% ves Jee{tve 2267.87 keÀesìer FlekeÀer Peeueer Deens. ³ee yeoueebvee Heéflemeeo cnCetve jÀHe³ee®esner ceesþ³ee HećeeCeele DeJecetu³eve Deens. DenJeeue meeueele efjPeJn& yeBkesÀ®³ee efvekeÀ<eebvegmeej jesKelee Je Peeues. yeepeejeleerue ®e{GleejebJej efve³eb$eCe þsJeC³ee®³ee efjPeJn& yeBkesÀ®³ee iegbleJeCegkeÀer®es HećeeCe Je vee@ve Smed.Sued.Deej. iegbleJeCegkeÀer®es HećeeCe ³eesi³e Ghee³eebcegUs jÀHe³ee®es DeJecetu³eve efve³eb$eCeeKeeueer Deens. l³eecegUs efjPeJn& jeKeues Deens. yeBkesÀves Je<e&Yejele ueeouesueer keÀener yebOeves efMeefLeue kesÀueer Deensle. meO³ee

iegbleJeCegkeÀerJejerue HejleeJee Je J³eepeoj ³eeb®ee ³eesi³e leeUcesU Ieeuetve yeBkesÀves jÀHe³ee Heéfle [e@uej 59.90 les 60.50 ³ee ce³ee&osle Deens.DeeHeues iegbleJeCetkeÀ OeesjCe jeyeefJeues Deens. iegbleJeCegkeÀerJejerue HejleeJ³eeceO³es

yeBkeÀ DecesefjkeÀve [e@uej, ³egjes, HeeTb[, pe@Heefvepe ³esve, Dee@mì^sefue³eve [e@uej, nesCee-³ee ®e{Gleejeb®eer peesKeerce yeBkesÀves OeesjCeelcekeÀefjl³ee neleeUueer Deens. efmebieeHetj [e@uej, kesÀves[er³eve [e@uej Je efmJeme He´BÀkeÀ DeMee Deeþ ®eueveele J³eepe ojeleerue ®e{Gleejeb®ee ³eesi³e lees HeÀe³eoe keÀjÀve IesC³ee®es ueJeef®ekeÀ J³eJenej keÀjles. mebHetCe& peieYejeleerue 80 Hes#ee peemle yeBkeÀebMeer OeesjCe þsJeu³eeves iegbleJeCegkeÀerJejerue HejleeJ³ee®ee oj ®eebieuee jeKeC³eele J³eeJemeeef³ekeÀ mebyebOe yeBkesÀves He´mLeeefHele kesÀues Deensle. DenJeeue Je<ee&le yeBkesÀves yeBkesÀuee ³eMe Deeues Deens. l³eecegUs þsJeeR®³ee J³eepeojeleerue mejemejer peemle Dee³eele HeleHe$e, yee³eme& ke´sÀ[erì, HejkeÀer³e ®eueveele keÀpe& Je HejkeÀer³e ®eueveele Demetvener efveJJeU J³eepee®es GlHevvee®es HećeeCe ®eebieues jeKelee Deeues Deens. efve³ee&le keÀpe& HegjJeþe DeMee DeveskeÀ megefJeOee Keelesoejebvee GheueyOe keÀjÀve J³eepeojeleerue melele nesCeeN³ee ®e{Gleejeb®ee JeeHej ³eesi³e mebOeer meeOetve efou³ee Deensle. lemes®e De@efkeÌmeme yeBkesÀ®³ee menkeÀe³ee&ves HejkeÀer³e ®eueveeleerue kesÀu³eecegUs yeBkesÀves Kejsoer efJeke´ÀerJejerue J³eJenejeletve HeérHes[ [sefyeì keÀe[&-mesJee GheueyOe kesÀueer Deens. 6.37 keÀesìer FlekesÀ GlHevve efceUJeues Deens DeeefCe iegbleJeCegkeÀerJejerue

IemejCener Del³euHe jeKeueer Deens. yeBke@ÀMegjvme ëpeerJeveefJec³eemeeþer ce@keÌme ueeF&HeÀ FbMegjvme kebÀHeveer DeeefCe meJe&meeOeejCe Deeblejje<ìêr³e J³eJemee³e ëefJec³eemeeþer DeesjerSbìue FbMegjvme kebÀHeveer ³eeb®³eeMeer yeBkesÀves meecebpem³e keÀjej

efjPeJn& yeBkesÀves efouesu³ee efJeosMe efJeefvece³e J³eJeneje®³ee HejJeeveieer Debleie&le kesÀuee Deens. DenJeeue Je<ee&le yeBkesÀves ®eebieu³ee He´keÀej®ee J³eJemee³e

19 peguew 2010 Heemetve yeBkeÀ DeefOeke=Àle [eruej cnCetve keÀece keÀjle Deens. keÀjÀve 220.28 ueeKe keÀefceMeve efceUefJeues Deens.

meO³ee yeBkesÀ®es De` ÞesCeer®es SkeÀ keWÀê cegK³e keÀe³ee&ue³eele Demetve ye` ÞesCeer®es

keÀpe& He´keÀej 2013-14 % 2012-13cegole keÀpexmeermeer/Dees[er/Dee³eyeerHeer/Deesyeer[erSketÀCe

2,245.921,828.094,074.01

55.1344.87

100.00

53.0146.99

100.99

%

1,802.911,597.863,400.77

7



43 Jee Jeeef<e&keÀ DenJeeue

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yeBkesÀ®³ee De@mesìdmeJejerue HejleeJee 1.41… Deens. 2. keÀefjDej [sJnueHeceWìueeYeebMe ë 3. keÀce&®eeN³eeb®es cetu³eceeHeve]YeeieOeejkeÀebvee ³eesi³e HejleeJee osle Demeleevee®e veHeÌ³ee®eer Hegve&iegbleJeCetkeÀ

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veHeÀe efJeYeeieCeer - 2013-14 ëkeÀce&®eeN³eebmeeþer yeBkeÀ HeéfMe#eCee®es Dee³eespeve keÀjle Demeles. keÀce&®eeN³eebvee

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leHeMeerue 2013-14keÀj Je lejletoerHetJeea®ee veHeÀekeÀj Je lejletoerveblej®ee veHeÀe

113.0174.99

2012-13146.39

93.52

8


43rd Annual Report

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Hebgpeer He³ee&Hlelee ëDeeblejje<ìêr³e osCeer mJeerkeÀejueer peeGÀ MekeÀleele.

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Union Pay of China, Electronic Payment Network of

USA, RPS Germany, PASA of South Africa, IPSO

Ireland, Canadian Payment Association of Canada,

NETS of Singapore, Australian Payments Association of

Australia & BACS Payment System of UK

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1043rd Annual Report

Dear Members, number of emerging markets, further tightening of

external financing conditions and renewed volatility of On behalf of the Board of Directors and also on my

capital flows are the biggest risks to their outlook. Going personal behalf, I extend a very warm welcome to all of

forward, global growth is likely to strengthen in the rest you to this 43rd Annual General Meeting of your Bank. It

of the year, with risks tilted to the downside. Western gives me great pleasure to present the Annual Report of

Europe emerged from recession in the second quarter of the Bank together with the audited financial statements

2013, led by net exports and, to a lesser extent, private for the financial year ended 31st March 2014. At the

and public consumption, but investment remained weak outset, let me congratulate all the Stakeholders of your

and unemployment stood elevated. GDP is expected to Bank for crossing another milestone of business mix of

grow by 1.5 and 1.9 per cent in 2014 and 2015, 10,000 crores as on 31/03/2014. In line with your

respectively. Growth remains weak due to a number of Bank’s enviable track record of successfully combining

factors: fiscal austerity programmes, while reduced in commercial objectives with social objectives, the Bank

intensity, remain a drag; intraregional demand is still has been able to deliver value to all segments of our

exceptionally low; and extraregional demand has stakeholders. I am confident that with your support, we

slowed. Lending conditions remain tight for some shall perform much better in the future. As you are

countries, particularly for small- and medium-sized aware, Banking is on the verge of change. While the

enterprises (SMEs). economic scenario is challenging, the regulatory and

Among developed economies, inflation decelerated in prudential obligations are becoming more stringent. We

the United States during 2013 and is expected to remain are operating under constraints over which there is little

below 2 per cent in 2014 and 2015. Inflation has similarly control and the external environment has become highly

decelerated in the euro area, but has dipped below 1.0 per volatile and uncertain. Your Bank has shown good

cent, which has raised some deflationary concerns. In growth amidst even challenging times.

Japan, the large expansionary policies aiming to reflate Before I take you through the Bank’s performance during

the economy managed to end the decade-long deflation the financial year 2013-14, I would like to touch upon

in 2013, as the consumer price index (CPI) is estimated to overviews of the development in the recent past both at

increase by 0.3 per cent, and is forecast to hit the target of the global and domestic level, which had an impact on the

2.0 per cent in 2014. Among developing countries and economy and banking system.

economies in transition, inflation rates are above 10 per The Global Economic Scenario:

cent in only about a dozen economies scattered Global activity appears to have moderated on slower

throughout different regions. Several economies in growth in the US, the UK and Japan, continuing

South Asia and Africa, plus a few in the Commonwealth sluggishness in the Euro area and a subdued pick-up in

of Independent States (CIS, also known as Russian emerging and developing economies, restrained by the

Commonwealth), will continue to face high inflation uncertain external demand environment as well as by

rates, mainly owing to elevated inflationary localised cyclical and structural constraints. For a

expectations, rapid credit growth, localized food price


43 Annual Report 2013-2014rd


42nd Annual Report 13

pressures and structural bottlenecks such as energy sector remained at 16% and 14% respectively.

The economic condition in terms of inflation, exchange shortages.rate, forex reserves appears to be slightly better than what

it was in the mid of the F.Y. 2013-14. Indian Economic Scenario:During the Financial year 2013-14 both Domestic and The F.Y. 2013-14 started with lower Wholesale Price Global factors affected growth of Indian economy. Index (WPI) and Consumer Price Index (CPI) at 4.89%, Moderation in GDP growth, high inflation and fiscal 10.09% respectively in April 2013. Both went up to deficit were the major concern of the economy. 7.52% and 11.16% respectively in November 2013 and The GDP growth for the financial year 2013-14 stood at came down to 4.68%, 8.10% respectively in February 4.8% as compared to 5.4% in the previous year. The 2014. The monetary policy stance of the RBI had slowdown is attributed to deceleration of growth in all remained focused towards WPI inflation number since major sectors viz Agriculture, Manufacturing and last several years. However, the report recently submitted service sectors. The steady narrowing of the trade deficit by Dr. Urjit Patel Committee has recommended focusing over the year has shrunk the Current Account Deficit CPI inflation number rather than WPI for deciding the (CAD) to less than 2% of GDP. direction of monetary policy. Therefore, RBI is expected India’s current account deficit fell to its lowest in eight to be focused more on retail inflation rather than years due to government-imposed curbs on gold imports wholesale inflation in future.and as the Reserve Bank of India’s subsidy for non-The exchange rate was at 54.28 / USD at the beginning resident Indian’s US dollar boosted capital flows. But the of the financial year. Due to various reasons such as trend could reverse if the government eases duties on gold widened Current Account Gap, reduced forex reserves, import and the Chinese Yuan depreciates hurting India’s rising inflation and fears of tapering of QEIII program by export growth.US Federal Reserve, the exchange rate depreciated at

galloping speed to touch high of 68.83 in August 2013.Performance Highlights of the Bank for the financial The RBI adopted various types of liquidity tightening year 2013-14:measures to curb the volatility under exchange rate. Now Your Bank’s business mix crossed 10000 crores during RBI also adopted various measures to improve the 2013-14 registering a growth of 18%. The current and foreign exchange inflows in the country and also imposed saving (CASA) deposits also crossed 1500 Crores restriction on gold imports. Because of the collective during 2013-14 and the net profit of your bank crossed effort of the RBI, the exchange rate has now cooled down 93 Crores.below 60 / USD which is the lowest of past 9 months.

The foreign exchange reserves touched US $299 billion Financial Highlights:in March 2014.

Economic growth remained subdued during the entire

F.Y. 2013-14. The main reasons of the deceleration of

growth were the depreciation of local currency, elevated

interest rates and fiscal policy paralysis on the part of

Government. Most of the times industrial output

remained in the negative territory and the GDP growth

remained at less than 5% level every quarter.

Due to inflationary conditions and subdued economic

growth, the deposit and advances growth in banking

Particulars 31.03.2014 31.03.2013 % Increase / Decrease

Business Mix

Deposits

Advances

Gross Profit

Net Profit

Owned Funds

Gross N.P.A.

Net N.P.A.

C.R.A.R.

10268.01

6194.00

4074.01

146.39

93.52

667.19

3.58%

0.40%

15.05%

8708.93

5308.16

3400.77

113.01

74.99

581.04

3.32%

0.00%

13.48%

17.90

16.69

19.80

29.54

24.71

14.83

0.26

0.40

11.65

( in Crores)

43 Jee Jeeef<e&keÀ DenJeeue13

Particulars 2013-14 % 2012-13

Gross NPA

Net NPA

Total Advances

145.92

15.73

4,074.01

3.58

0.40

3.32

0

%

112.80

0

3,400.77

( in Crores)

Deposit: becoming non-performing due to external factors

Your Bank has recorded growth of 17 % in deposits affecting the business of the borrower.

during this period. The composition of deposits is as

under :

Profits have been ploughed back by maintaining net

NPAs at 0.40% which has strengthened Tier I capital.

Your Bank has been able to maintain CASA of 25%

despite high interest rate regime. Treasury:

Aggregate investment of your Bank as on March 2014

Advances: increased to 2267.87 Crores from 1820.22 Crores

The advances portfolio has increased by 673.24 Crores registering growth of 24.59%. Your Bank has maintained

registering growth of 19.80%. The Credit Deposit Ratio adequate CRR and SLR as stipulated by RBI during

stood at 65.77% which was 64.06% at the beginning of financial year 2013-14. Your Bank has also maintained

the year. non SLR investment within the prescribed limit set by

Bank on its expansion spree, has developed Analyst RBI.

teams at various geographical locations ensuring Your Bank strategically managed its aggregate interest

judicious analysis of credit proposals alongwith the income and Return on Investments improved during the

analysis of demographical risks imbibed in it. Ongoing year reflecting the swift response at operational level in

process of streamlining the credit appraisal process has managing the Investments. Your Bank strategically

been adopted to ensure that Bank’s code of analysis minimised the risk of the adverse impact of increase in

corresponds with the laid guidelines of RBI with up yields on the investment portfolio. Your bank also

gradation of modifications made to it. Apportioning grabbed opportunities of the interest rate volatility to

exposure based risks, with the ever growing advance generate more income which resulted in improving the

portfolio, Bank has adopted Regional concept giving yield on investment. The higher return on investment

thrust on risk analysis to enhance quality asset portfolio gives significant positive carry on the cost of deposit

for the Bank. Short term targets were assumed by the which helps your bank to post higher net interest income.

Bank and were positively achieved which fetched growth Your Bank generated trading income of 6.37 Crores by

in the Advances portfolio of the Bank. Circumstantial grabbing opportunity in the volatility of interest rates and

strategy adopted to focus on small ticket advances helped with negligible depreciation in the investment portfolio.

to a larger extent.

The composition of advances is as under: Foreign Exchange Business :

The international Business Division of the bank has thbecome operational from 19 July 2010, after receiving

Authorised Dealer Cat – 1 License from RBI. Presently

bank is having “A” category center at its Corporate

In spite of these efforts, there are occasions of advance Office and “B” category centres at Naupada, Nasik,


Type of Facility 2013-14 % 2012-13

Term Loans

CC/OD/IBP/OBD

Total

2,245.92

1,828.09

4,074.01

55.13

44.87

100.00

53.01

46.99

100.99

%

1,802.91

1,597.86

3,400.77

( in Crores)

Type of Deposits 2013-14 % 2012-13

Current

Saving

Term

Total

316.29

1,205.30

4,672.42

6,194.01

5.11

19.46

75.43

100.00

5.42

19.50

75.08

100.00

%

288.04

1,034.92

3,985.20

5,308.16

( in Crores)



Andheri and Pune. During the year under report IBD has Currency etc. The Bank has made arrangement for the

achieved the merchant turnover of 1,326.83 Crores, pre-paid foreign currency denominated cards in

from all its centres. IBD has earned net profit of 6.97 association with Axis Bank for its customers.

Crores during the period under report. The Interbank

turnover during the period under report is of around Bancassurance:

1,288.00 Crores. The turnover has increased by nearly The Bank is having a tie up with Max Life Insurance

10.35% over the last year. At “A” category centre, along Company Ltd. and the Oriental insurance company for

with the Trade Finance activities, Interbank Dealing also life, non life insurance business respectively. Under

takes place. The “B” category centres handle only Trade Bancassurance, Bank has mobilized good amount of

Finance activities. Right from their inception, all the business and has earned income by way of commission

centres have shown a remarkable performance till the FY of 220.28 lacs during the period under report.

2013-14. There are 18 centres working as “C” category

who handle the money changing business for leisure and Mutual Funds :

business tour clients. Your Bank entered into a tie-up with various Mutual Fund

Globally, the overall financial situation has remained companies for distribution of their Mutual Fund products.

under pressure due to eco-political scenario in Euro Zone Your Bank mobilized good business which generated

and instability in USA. The exchange market across the good fee based income to the tune of 15.17 lacs.

world has been very volatile and news sensitive most of

the time than the economic fundamentals. The Indian Other Business - Project of CIDCO:

rupee has witnessed lot of volatility during the year Your Bank has successfully handled CIDCO’s tenement

responding to the global changes. The weakening of booking project in past. Based on the earlier satisfactory

rupee has been under control due to steps taken by RBI to experience, CIDCO reposed the same confidence in the

tame the volatility. With the stabilization of rupee and Bank and allotted tenement booking project of

volatility under control, RBI has eased some of its Valleyshilp Housing Scheme at Kharghar, Navi Mumbai

measures imposed last year. Presently rupee is moving in during the year 2013-14.

the range of 59.90 to 60.50 There was good response and total 13425 application

Presently bank is dealing in 8 major currencies viz. USD, forms were sold of which 3377 applications were

EURO, GBP, JPY, AUD, CHF, CAD & SGD. Separate received. On declaration of lottery by CIDCO, the refund

Nostro accounts have been opened with various of Registration Money to unsuccessful applicants was

correspondents. The overall correspondent relationship managed by the Bank within stipulated period. The

with more than 80 Banks across the world has been project was well managed by the Bank to the satisfaction

established which enables the Bank to handle the of CIDCO.

business effectively for its clients. During the year under

report Bank has handled all types of forex products viz. Profitability:

Import Letters of Credit, Buyer’s Credit, Foreign Despite the pressures of keen competition and tighter

Currency Term Loans, Export Finance in Foreign monetary environment, your Bank earned net profit of


93.52 crores during 2013-14. Your Bank's Net Profit

registered a year-on-year growth of 24.71%. Risk Management:

Your bank believes that business grows mainly by taking

risk. Greater the risk, higher is the profit. In addition to

better insight, sharp intuition and longer experience to

manage risks, your bank strikes a tradeoff between profit Your Bank’s Return on Assets (ROA) considered to be

and risk. Your bank has well set proactive systems of one of the best in industry and stood at 1.41%.Asset Liability Management, NPA management to

identify, measure and more importantly monitor the Dividend:credit profile of the bank. Risk Management\ Committee, Your Bank’s policy of declaring dividend is to reward the Credit Policy Committee, Asset Liability Committee, members as well as to plough back sufficient profit for etc are the committees that handle the risk management maintaining a healthy Capital Adequacy Ratio and aspects.supporting future growth. Your Board of Directors is

pleased to recommend dividend @15% on pro rata for the Human Resource:

year 2013-14.Human Resource Development is the framework for

helping employees to develop their personal and Appropriation of Profit for F. Y. 2013-14 :

organizational skills, knowledge & abilities. A set of To provide to the shareholders a true and fair value of

systematic and planned activities designed by HR reserves, other funds and liabilities as on the date of

department helps employees in Career Development Balance Sheet, the Bank has given effect to the

which ultimately increases the organizational appropriation of profits for the current year in the

effectiveness. stfinancial statements for the year ended 31 March, 2014

itself, subject to approval at the Annual General Meeting. Activities of HR Department during FY 2013-14:

( refer to Page No. 38)1. Talent Hunt

2. Career Development

Expansion:3. Appraisals for Employees

The network of the Bank has reached to total 90 branches.

During 2013-14, 1 branch has been opened at Panjim, Training and development is a subsystem of an making total 4 branches in Goa, 2 branches have been organization. It enhances the motivation level in opened at Surat and Rajkot making total 5 branches in employees and ensures that learning and behavioral Gujarat, 1 branch opened in Mumbai and 4 branches in change in an employee takes place in a structured manner. Thane Region. Bank organizes various training sessions for staff The opening of 6 more branches in rest of Maharashtra (at members at all levels at Bank’s Training Centre. They are

Nanded, Aurangabad, Ahmednagar, Ichalkaranji, also deputed on various training programmes, workshop

Nagpur, Kolhapur), 1 branch each in Thane, Pune, & seminars conducted by renowned organizations and

Bangalore, Ahmedabad is under process and all these institutions in banking & financial sector.

branches will be functional during 2014-15.


Particulars 2013-14

Profit before Tax & Provisions

Profit after Tax & Provisions

113.01

74.99

2012-13

146.39

93.52

( in Crores)



During this year, 20996 man-hours were deployed for financial transactions locally in India. RUPAY is the

917 participants in 62 training programmes. Different movement launched by the Government of India through

types of training programmes were conducted such as NPCI for keeping transactions costs very low as Leadership Development, KYC & AML, NPAs &

compared to other international card schemes.Recovery Management for Urban Co-op Banks,

As per information on NPCI official website, RUPAY is Workshop on Regulatory Compliance - Submission of

accepted at Union Pay of China and Discover & various regulatory returns etc for officers of UCB's,

Electronic Payments Network of USA, RPS Germany, Programme on Trade Finance, Credit Appraisal,

PASA of South Africa, IPSO Ireland, Canadian Payment Programme on Data Centre Management and many

more. Association of Canada, NETS of Singapore, Australian

Bank effectively manages people by having appropriate Payments Association of Australia & BACS payment tools, programmes, and initiatives to assist employees, system of UK for international acceptance of RUPAY managers and departments to maximize the talent of

Debit cards. employees to achieve organizations goal & to cope up

RUPAY has covered about 65 to 70% of POS (Point of with the changed scenario.

Sales) merchants for RUPAY Debit card acceptance.

RUPAY plan is to cover a 100% by the end of August Technological Advancement :

2014. RUPAY Debit card is accepted on above 1.75 lac TJSB Bank strives towards using the latest state of art

ATMs across India. RUPAY plans to go on contactless technology for providing efficient services to all its

EMV cards by the end of this year and launch their esteemed customers. Information Technology

RUPAY credit cards by March 2015. department of the Bank provides proactive support to all

TJSB is in the process of constructing its own large Data its branches whereby they are in a position to provide the

Center to support its ambitious expansion plans and best of services to its customers.

provide active support to its member banks. The Data In this era of digital technology where everything is

center will be compliant to TIER 3 and TIA 942 standards available on the Internet, security continues to be the

supporting banks expansion for next 10 to 12 years. The main focus area for financial transactions. TJSB has gone

base design will be so planned that no addition of through a recent surveillance audit and the external

environmental infrastructure will be required for the life auditors have expressed their satisfaction in the

span of the Data Center.procedures and policies followed. TJSB continues to be

TJSB is releasing its much awaited Internet Banking with ISO / IEC 27001:2005 for its Information Technology

transaction facility shortly. Though basic in nature, it can based services and procedures. We will be extending this

be combined with the RUPAY and VISA debit card to certification to ISO / IEC 27001:2013 to keep abreast

allow TJSB customers to carry out E-transaction with the new security techniques.

payments to anyone across the globe. TJSB has launched the RUPAY DEBIT card. This is

targeted towards Indian customers who carry out


TJSB will be launching shortly the AADHAR based stakeholders with the information necessary to judge

E-KYC norms for its customers. E-KYC helps in whether their interests are being taken care of. Your bank

identifying a customer through his AADHAR credentials does possess following prerequisites for good

governance : in real time making verification procedures simple and

A proper system consisting of clearly defined and faster.

adequate structure of roles, authority and TJSB has an internal software development section

responsibility. which continually tries to achieve self reliance by

Vision, principles and norms which indicate developing indigenous software for TJSB and its partner

development path, normative considerations and banks. The future plans are to migrate to latest coding

guidelines and norms for performance.techniques to achieve minimal infrastructure use and

A proper system for guiding, monitoring, faster response.

reporting and control. TJSB is also in the process of identifying a suitable CBS

system which can make operations for its staff and

Membership: customers a breeze. A CBS that is truly on the cloud,

The total number of members of the Bank as on available on any platform, anywhere and everywhere but

31.03.2014 stood at 52101 as against 46647 of the securely.

previous year.

Capital Adequacy:

Appointment of Statutory Auditor: A bank with high capital adequacy is considered better to

The Board of Directors recommends to the Annual leverage on expanding its income earning assets. Capital

General Meeting appointment of M/s. Gokhale & Sathe, to Risk weighted Assets Ratio (CRAR) of your Bank has

Chartered Accountants for the financial year 2014-15. increased to 15.05% as against 13.48% during 2012 -13.

M/s. Gokhale & Sathe have consented to be appointed as To strengthen the CRAR, your bank has mobilized Long

Statutory Auditor. The resolution for their appointment Term (Subordinated) deposits of 100 crores which qualify

will be moved under agenda item no.4 of the notice. under Tier II capital for the calculation of CRAR.

Corporate Social Responsibility: Corporate Governance:

While performing effectively on professional front, TJSB Staying focused on fundamentals, adoption of utmost

is acknowledging its social responsibility by donating a professionalism, conformity to prescribed norms of

part amount of its net profit to social organisations. Bank lending & investment, adherence to sound banking

is actively associated with socially relevant principles & ensuring optimum capital efficiency are

environmental issues. Your Bank during F.Y. 2013-14 vital for success & continued survival of your bank.

donated an amount of 74.95 lacs to 58 social Disclosure and transparency are key pillars of a corporate

organizations. governance framework because they provide all the


Accolade: year under report.

I have a great pleasure to inform you that Shri Satish

R. Utekar, Chief Executive Officer has been Acknowledgment :

awarded with Prestigious ‘Thane Bhushana’ ward by I would like to thank all shareholders for the confidence

Thane Municipal Corporation, Thane. He has also been reposed in us and in supporting us to scale greater heights

received appreciation as ‘ICONS of Thane’. in performance. Our growing customers add strength to

our growth and progress and I would like to express my

NAFCUB Elections: gratitude to them. The Board is grateful to The Reserve

The National Federation of Urban Co-operative Banks Bank of India, Central Registrar of Co-operative

and Credit Societies Ltd. (NAFCUB), New Delhi, is an Societies New Delhi, Commissioner of Co-operation and

Apex Level Promotional body of Urban Co-operative Registrar of Co-operative Societies Maharashtra State for

Banks and Credit Societies in the Country. Its main their support and guidance. The Bank has been

objective is to promote the urban co-operative credit immensely benefitted by the contribution made by its

movement and protect the interest of the Sector. Auditors, Legal advisors and correspondents and I am

NAFCUB represents around 1600 Urban Co-operative grateful to all of them. I would like to take this

Banks and more than 50,000 Co-operative Credit opportunity to thank my colleagues on the Board for the

Societies functioning all over India. valuable guidance, support and prudent counsel. On

Because of strong support of urban co-operative banks in behalf of the Board of Directors, I would like to place on

the country and whole hearted support from the Board of record my deep sense of appreciation for the dedicated

Directors, I have been elected as a Director on the Board and committed services made by all staff members for the

of NAFCUB. I assure all stakeholders that I will actively overall growth development and excellent performance

participate and ensure that the objective of promoting & of the Bank in very challenging times.

strengthening the co-operative movement is taken

forward.

Bye Law Amendment:

The Board has proposed amendments to the bye-laws.

Your bank seeks wholehearted support for the proposed

bye-laws amendments.

Obituary:

We deeply mourn the death of members of your bank,

customers and well wishers who passed away during the

On Behalf of Board of Directors

Shri V. A. VaishampayanChairman

22.04.2014


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3,92,30

9,57

5,14,75,395,87,13,90Heg{erue HeeveeJej

31 cee®e& 2014Je<e& DeKesjerme

Ke®e&


1)

2)

3)

4)

5)

6)

7)

8)

9)

10)

11)

12)

13)

14)

15)

16)

efouesu³ee keÀpee&Jejerue J³eepe

iegbleJeCegkeÀerJejerue J³eepe

MesDeme&Jejerue ueebYeebMe

JeìCeeJeU Je ngb[CeeJeU

megj#ee KeCe Yee[s

mejkeÀejer jesK³eeb®³ee Guee{eueerJejerue GlHevve

S®ed.ìer.Sced. jesKes efJeke´Àer veHeÀe

Flej GlHevve

HejkeÀer³e ®euevee®³ee ®e{Gleejeleerue veHeÀe/leesìe

efveuexefKele yeg[erle keÀpee&leerue Jemegueer

yeg[erle Je mebMeef³ele keÀpe& efveOeerleerue HejleeJee

[eìe meWìj MesDeefjbie GlHeVe

mee@HeÌìJesDej efJeke´ÀerJejerue GlHevve

mLeeJej ceeuecellee efJeke´Àer veHeÀe

Dee³eìer keÀvmueìvmeer HeÀer

lejlegoer Je DeekeÀeqmcekeÀ Ke®ee&Jejerue HejleeJee

6,27,76,177,33,52,75Heg{erue HeveeJej

4,65,41,79

2,18,02,61

5

12,77,91

1,63,58

6,37,07

-

20,87,05

4,87,29

18,39

42,17

2,35,08

31,44

7,22

21,10

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3,83,70,41

1,97,18,47

5

11,06,41

1,57,62

2,28,52

75,17

16,40,01

3,46,12

5,10

9,57

1,74,98

51,10

2,23

22,58

8,67,83

( npeejeble)mebHeuesu³ee Je<ee&®es veHeÀe-leesìe He$ekeÀpecee



20 43 Jee Jeeef<e&keÀ DenJeeue21

24) lejlegoer Je mebYeeJ³e osCeer

6,27,76,177,33,52,75SketÀCe

ceeieerue HeeveeJejÀve

De) yeg[erle Je mebMeef³ele keÀpexi)

ii)

iii)

yeg[erle Je mebMeef³ele keÀpee&®eer lejletoiegbleJeCegkeÀer®³ee mLeeveeblejeJejerue IemeejeHegvej&ef®ele keÀpee&®eer lejleto

ye)

efJeMes<e efveOeer (Dee³ekeÀj keÀe³eoe, 1961-keÀuece 36(1)(viii) DevJe³es)keÀ)

25) keÀj HetJe& veHeÀeDee³ekeÀj

ceeieerue Je<ee&®eer (keÀceer)/DeefOekeÀ lejleto

ef[HeÀ[& ì@keÌme

efveJJeU veHeÀe

5,87,13,90

9,75,0090,81

3,72,18

1,50,00

-

1,30,50,86

42,66,86

(5,68,34)

93,52,34

40,25,002,41,86

5,14,75,39

7,00,0051,7093,82

3,00,00

3,25,00

98,30,26

22,18,08

1,13,09

74,99,09

51.05 47.81

Ke®e& 31 cee®e& 2013Je<e& DeKesjerme


GlHeeokeÀ efpeboieermeeþer mebYeeJ³e lejleto

Þeer. efJe. De. JewMebHee³eveDeO³e#e

Þeer. meer. veboieesHeeU cesveve

GHeeO³e#e

ö meb®eeuekeÀ -

meew. De. je. DeeHeìs, Þeer. j. Keg. DeiejJeeue, meew. Heëe yee. De³³ej, Þeer. j. Keg. keÀveeveer, Þeer. ce. Oe. Keglee[sÞeer. vee. o. ceeb[ies, Þeer. Yee. Jee. oeles, Þeer. efJe. ce. HelkeÀer, Þeer. He´. o. þeketÀj, Þeer. efJeveesokegÀceej yevmeue

31 cee®e& 2014 DeKesj

21

He´l³eskeÀ meceYeeieeJejerue yesefmekeÀ DeeefCe [e³eu³etìs[ efceUkeÀle


ceeieerue HeeveeJejÀve

SketÀCe

6,27,76,177,33,52,75

mebHeuesu³ee Je<ee&®es veHeÀe-leesìe He$ekeÀpecee 31 cee®e& 2013

Je<e& DeKesjerme31 cee®e& 2014Je<e& DeKesjerme

( npeejeble)

Deece®³ee ³ee®e leejKes®³ee DenJeeueevegmeejieesKeues DeeefCe meeþs®eeì&[& DekeÀeTvìCìmed

Þeer. jengue peesieUskeÀjYeeieeroejJewOeeefvekeÀ uesKeeHejer#ekeÀces.veb. 129389HeÀce& veb. 103264W

Þeer. me. j. GleskeÀjcegK³e keÀe³e&keÀejer DeefOekeÀejer

ìer pes Smed yeer menkeÀejer yeBkeÀ efueefceìs[ keÀefjlee

22

6,27,76,177,33,52,75


JewOeeefvekeÀ jeKeerJe efveOeer

meJe&meeOeejCe efveOeer

iegbleJeCetkeÀ ®e{-Gleej efveOeer

YeeieOeejkeÀebme ueeYeebMe 15…

Oece&oe³e efveOeer 1 …

meYeemeo keÀu³eeCe efveOeer

efMe#eCe efveOeer 1…

mebYeeJ³e osCeer lejleto 10…

keÀce&®eejer meevegień efveOeer

yegef[le Je mebMeef³ele efveOeer

efJeMes<e efveOeer (Dee³ekeÀj keÀe³eoe, 1961-keÀuece 36(1)(viii) DevJe³es)

74,99,19SketÀCe

Jeeef<e&keÀ meJe&meeOeejCe meYes®³ee cebpegjer DeOeerve

leHeMeerue 31 cee®e& 2013jespeer

31 cee®e& 2014jespeer



GHeeO³e#e

ö meb®eeuekeÀ -


31 cee®e& 2014 DeKesj mebHeuesu³ee

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leeUsyeboele Jeie& kesÀuesuee veHeÀe

74,99,04

.

19,00,00

1,97,00

10, 00,00

11,80,00

74,99

10,00

74,99

7,50,00

4,92,06

18,20,00

-

15

23

.

37,50,00

6,85,00

6,50,00

13,90,00

93,52

10,00

93,52

9,50,00

5,50,02

8,00,00

3,80,00

93,52,06

43

93,52,49


ceeieerue Je<ee&®ee veHeÀe

SketÀCe

veHeÀe

leHeMeerue 31 cee®e& 2013jespeer


Je<ee&®es veHeÀe-leesìe JeeìCeer Keeles

74,99,19

74,99,09

10





24

93,52,34

15

93,52,49

( npeejeble)


Yeeie Yeeb[Jeue

jeKeerJe Je Flej efveOeer

þsJeer Je Flej Keeleer

Iesleuesueer keÀpex

Flej osCeer Jemegueer®eer efyeues

MeeKee pegUJeCeer

LekeÀerle J³eepe lejleto

osCes J³eepe

ef[HeÀ[& ì@keÌme osCeer

Flej osCeer

De@ceesìe&³ePesMeve efjPeJe&

veHeÀe / leesìe

SketÀCe 64,50,25,6777,25,69,10

mebYeeJ³e osCeer

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

(10)

(11)

(12)

(³esCes yeepetHećeeCes)

A

B

C

D

E

F

G

P

99,33,44

5,67,85,33

61,94,00,13

2,68,58,35

63,99,96

-

63,20,61

15,85,21

1,29,16

4,22,26,98

29,29,50

43

86,78,27

4,87,25,73

53,08,16,21

1,79,70,87

55,58,43

-

54,11,34

11,75,24

-

2,37,59,93

29,29,50

15

2,93,06,753,47,34,64

31 cee®e& 2014 ®ee31 cee®e& 2013

jespeer31 cee®e& 2014

jespeerHeefjefMe<ì



GHeeO³e#e

ö meb®eeuekeÀ -


25

Yeeb[Jeue Je osCeer


jesKe Je yeBkeÀsleerue efMeuuekeÀ

ye@keÀebceOeerue pecee

ceeieCeer ³eesi³e þsJe/ meeryeerSuedDees ueWef[bie

iegbleJeCetkeÀ

efouesueer keÀpex

³esCes J³eepe

MeeKee pegUJeCeer

Flej osCeer Jemegueer®eer efyeues

mLeeJej ceeuecellee

Yeeb[Jeueer Ke®e& (Heúebefyele)

ef[HeÀ[& ì@keÌme ³esCeer

Flej efpeboieer

keÀe@mì Dee@HeÀ De@efkeÌJeefPeMeve

SketÀCe

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

(10)

(11)

(12)

(13)

De) iegbleJeCetkeÀ Je keÀce&®eejer keÀpex

ye) yeg[erle Je mebMeef³ele keÀpee&Jejerue (osCes yeepet HećeeCes)

H

I

J

K

L

M

N

O

3,80,54,44

4,85,18,39

-

22,67,86,84

40,74,01,27

7,07,26

63,99,96

65,61,99

2,62,26

10,41,29

1,87,88,42

29,29,50

3,53,89,46

4,44,20,24

-

18,20,22,45

34,00,76,51

1,32,85

55,58,43

68,38,27

2,13,68

3,43,79

1,52,37,76

29,29,50

64,50,25,6777,25,69,10

( osCes yeepetHećeeCes)

leeUsyeboefpeboieer Je ³esCeer HeefjefMe<ì 31 cee®e& 2013


jespeer





26

( npeejeble)


87,96,8763,20,61

64,51,3954,11,34

5,67,85,33

HeefjefMe<ì B - jeKeerJe Je Flej efveOeerJewOeeefvekeÀ jeKeerJe efveOeerFceejle efveOeeryeg[erle Je mebMeef³ele keÀpe& efveOeerGlHeeokeÀ efpeboieermeeþer mebYeeJ³e lejletoiegbleJeCetkeÀ ®e{-Gleej efveOeermeYeemeo keÀu³eeCe efveOeermeJe&meeOeejCe efveOeerFceejle Hegvece&tu³eebkeÀve efveOeerefJeMes<e efveOeer (Dee³ekeÀj keÀe³eoe, 1961 keÀuece 36 (1) (viii) DevJe³es)yeg[erle Je mebMeef³ele iegbleJeCegkeÀermeeþer lejletoOecee&oe³e efveOeermebYeeJ³e efveOeer

i)ii)iii)iv)v)vi)vii)viii)ix)x)xi)xii)

HeefjefMe<ì C - þsJeer Je Flej Keeleer®eeuet þsJeer1)

Jew³eefkeÌlekeÀ þsJeeroejFlej meesmee³eìerped

i)

ii)

ye®ele þsJeer2)i)

ii)

cegole þsJeer3)i)

ii)

cegoleHetCe& cegole þsJeer4)

5,00,00,00

77,70,65

-21,62,79

99,33,44

2,59,17,6024,00,00

1,20,44,3413,99,9058,74,46

96,3333,47,75

26,3520,58,00

44,3593,52

34,82,73SketÀCe

3,12,59,213,69,33

3,16,28,54

11,60, 10,8145,19,04

12,05,29,85

40,90,77,783,28,55,20

44,19,32,98

2,53,08,76

61,94,00,13

4,87,25,73

2,00,00,00

66,12,16

-20,66,11

86,78,27

2,21,35,4824,00,00

1,05,86,5012,49,9052,24,461,07,33

26,56,9029,28

16,78,0044,3580,80

25,32,73

2,85,15,832,87,75

2,88,03,58

9,98,06,9836,84,98

10,34,91,96

37,06,84,021,30,60,34

38,37,44,36

1,47,76,31

53,08,16,21

( npeejeble)HeefjefMe<ì31 cee®e& 2013


jespeer



SketÀCe (1)

SketÀCe (2)

SketÀCe (3)

SketÀCe (4)

27

SketÀCe


HeefjefMe<ì A - Yeeb[JeueDeefOeke=Àle Yeeb[Jeue 10,00,00,000 Yeeie He´l³eskeÀer 50/- ®es (ceeieerue Je<eea - 4,00,00,000 Yeeie He´l³eskeÀer 50/- ®es )YejCee Peeuesues Yeeb[JeueDe) Jew³eefkeÌlekeÀ - 1,55,41,300 Yeeie He´l³eskeÀer 50/- ®es ye) menkeÀejer mebmLee/jep³e mejkeÀej- Yeeie He´l³eskeÀer 50/- ®es keÀ) Flej - 43,25,589 Yeeie He´l³eskeÀer 50/- ®es

0

SketÀCe (1) (2) (3) (4)+ + +

HeefjefMe<ì D - Iesleuesueer keÀpex

HeefjefMe<ì E - (1) Flej osCeerJew³eefkeÌle þsJeeroej efkeÀjkeÀesU osCeer (meb[êr ke´sÀ[erìme&)mej®eepe& HesSyeued (Jemegueer)DeeieeT Deeuesues J³eepeHes mueerHe HesSyeued[êHeÌì HesSyeuedMesDej memHeWme/veececee$e meYeemeo MegukeÀìer.[er.Smed. HesSyeuedmesJee keÀj HesSyeuedueesve efkeÌueDejeRie De@[pesmìceWì / efkeÌueDejeRie De@[pesmìceWìos³e ueeYeebMeMesDeme& keÀueskeÌMeve DekeÀeTvì (De@keÌJee³e[& yeB@keÌme)Sced Je@ì HesSyeuedkeÀce&®eejer meevegień efveOeerkeÀce&®eejer ³esCes J³eepe lejletoSved.SHedÀ.Smed. mesìueceWì DekeÀeGvìSued.yeer.ìer. HesSyeuedJ³eepee®es Yeeb[JeueerkeÀjCemenkeÀejer efMe#eCe efveOeerF F SHedÀ meer efMeuuekeÀ

i)

ii)

iii)

iv)

v)

vi)

vii)

viii)

ix)

x)

xi)

xii)

xiii)

xiv)

xv)

xvi)

xvii)

xviii)

xix)

SketÀCe

je<ìêr³e DeeJeeme yeBkesÀkeÀ[tve keÀpe&efjHeÀe³eveevmed efve³ee&lemeeryeerSuedDeescegole þsJeerJejerue keÀpe&oerIe&keÀeueerve ( meyeDee@j[ervesìs[ ) cegole þsJe

i)

ii)

iii)

iv)

v)

HeefjefMe<ì E - (2) Flej lejletoosCeer Ke®ee&®eer lejletoiebgleJeCegkeÀerJejerue IemeeN³eemeeþer mebYeeJ³e lejletoDee³ekeÀj lejletoFlej ceeuecellesmeeþer lejletojpee JeìJeC³eemeeþer lejletoueerJn yeBkeÀ Keeles lejletoYeeb[Jeueer ceeuee®³ee Kejsoer®eer lejletoyeg[erle Je mebMe³eerle keÀpee¥®eer lejlegoHegvej&ef®ele keÀpee¥®eer lejleto

i)

ii)

iii)

iv)

v)

vi)

vii)

viii)

ix)

17,69,007,50,00

96,27,9047,11,451,00,00,00

2,68,58,35

74,45,38-

67,6580,65,28

810

1,26,7521,904,12

14,75,9110,40,77

3,995,52,39

12,49,78

3,7158,1793,52

21,95,04SketÀCe (1) 2,14,04,55

9,49,706,44

1,35,69,9247,22,37

-39,9593,05

9,75,004,66,00

SketÀCe (2) 2,08,22,43

4,22,26,98

37,09,149,20,00

88,38,0945,03,64

-1,79,70,87

2,67,72-

75,2617,38,83

432,25

1,30,6814,4466,42

12,63,6010,40,77

2,064,92,05

-1,46,14

--

74,9922,93,6976,09,33

8,60,48-

93,03,0548,07,37

3,50,0035,88

-7,00,00

93,821,61,50,60

2,37,59,93



jespeer


(TIER-II)

SketÀCe (1) (2)+

HeefjefMe<ì G - veHeÀe leesìe

meboYe& ë veHeÀe leesìe JeeìCeer He$ekeÀ ( He=<þ ke´ÀceebkeÀ 24 )

3,80,54,44

HeefjefMe<ì H - jesKe Je yeBkesÀleerue efMeuuekeÀneleeleerue jesKe jkeÌkeÀce®eeuet þsJeer peceeefjPeJe& yeBkeÀ Dee@HeÀ Fbef[³ee efMeuuekeÀmìsì yeBkeÀ DeeefCe Flej je<ìêr³eke=Àle yeBkeÀejep³e menkeÀejer yeBkeÀefpeune ceO³eJeleea menkeÀejer yeBkeÀFlej yeBkeÀeHejosMeeleerue yeBkeÀebceOeerue efMeuuekeÀ

i)

ii)

iii)

iv)

v)

vi)

vii)

HeefjefMe<ì I - yeBkeÀebceOeerue pecee

SketÀCe

jep³e/efpeune ceO³eJeleea menkeÀejer yeBkeÀ cegole þsJeermìsì yeBkeÀ DeeefCe Flej je<ìêr³eke=Àle yeBkeÀe cegole þsJeerFlej yeBkeÀe cegole þsJeer

i)

ii)

iii)

HeefjefMe<ì J - iegbleJeCetkeÀmejkeÀejer leejCeHe$esDe) HesÀme J³e@u³et 22776769ye) ceekexÀì J³e@u³et 22123151 keÀ) efjPeJe& HebÀ[ iegbleJeCetkeÀ 2591760Flej efJeMJemle leejCeHe$esFlej menkeÀejer mebmLeeb®es MesDeme&jesKes Je DeHeefjJele&veer³e leejCeHe$esc³eg®³egDeue HebÀ[

i)

ii)

iii)

iv)

v)

31,51,09

2,84,33,308,50,06

4217

26,42,9329,76,47

1,002,96,61,431,88,55,96

4,85,18,39

20,45,72,57

-44,69

2,17,69,584,00,00

22,67,86,84

3,53,89,46

27,51,97

2,69,21,3411,03,97

3413

18,19,6527,92,06

1,002,29,06,882,15,12,36

4,44,20,24

15,56,58,18

-44,69

2,56,19,587,00,00

18,20,22,45

HeefjefMe<ì ( npeejeble)



SketÀCe


SketÀCe

HeefjefMe<ì F - De@ceesìe&³ePesMeve efjPeJe&veJepeerJeve veeiejer menkeÀejer yeBkeÀ efue.Þeer meodiegjÀ pebieueer cenejepe menkeÀejer yeBkeÀ efue.

i)

ii)

2,98,7626,30,74

SketÀCe 29,29,50

2,98,7626,30,7429,29,50

HeefjefMe<ì K - efouesueer keÀpex

mejkeÀejer Je Flej leejCe keÀpexFlej vepejieneCe leejCe keÀpexefJevee leejCe keÀpex

i)

ii)

iii)

SketÀCe (1)

SketÀCe (2)

SketÀCe (3)

DeuHe cegole keÀpex, ke@ÀMe ke´sÀ[erì, DeesJnj[êHeÌì Je Jemegueer®eer efyeues1)

Jew³eefkeÌlekeÀ keÀpex ( ceeieerue Je<eea - 1,63,38,28)LekeÀyeekeÀer keÀpex (ceeieerue Je<eer - 40,18,97)yeg[erle Je mebMeef³ele keÀpex (ceeieerue Je<eea- 28,39,73)(HetCe& lejleto )

ceO³ece cegole keÀpex2)

oerIe& cegole keÀpex3)

HeefjefMe<ì L - J³eepe ³esCesiegbleJeCegkeÀerJejeruekeÀce&®eejer ie=n keÀpee&Jejerue

i)

ii)

4,72,5217,98,70,26

18,29,25

2,43,39,9541,56,5257,82,21

18,21,72,03

6,88,56,60

4,49,736,13,75,58

70,31,293,34,26,35

27,33,2240,30,58

65,0615,50,58,84

12,48,746,89,04,80

33,91,0447,79,67

15,63,72,64

40,74,01,27

82,67,515,29,36

SketÀCe 87,96,87

3,69,0315,50,38,43

17,00,50

15,71,07,96

5,36,21,90

2,44,755,08,30,70

25,46,45

78,6512,83,01,98

9,66,02

12,93,46,65

34,00,76,51

59,94,824,56,57

64,51,39

( npeejeble)HeefjefMe<ì




i)

ii)

iii)

Jew³eefkeÌlekeÀ keÀpex ( ceeieerue Je<eea - 2,26,55,00)LekeÀyeekeÀer keÀpex (ceeieerue Je<eer - 25,42,30)yeg[erle Je mebMeef³ele keÀpex (ceeieerue Je<eea- 33,93,68)(HetCe& lejleto )


i)

ii)

iii)

Jew³eefkeÌlekeÀ keÀpex ( ceeieerue Je<eea - 5,79,09,22)LekeÀyeekeÀer keÀpex ( ceeieerue Je<eer - 23,11,09)yeg[erle Je mebMeef³ele keÀpex ( ceeieerue Je<eea- 50,46,16)(HetCe& lejleto )


SketÀCe (1) (2) (3)++

Heefje

fMe<ì

M -

mLe

eJej

ceeu

ecelle

e

31.0

3.20

1331

.03.

2014

1,22

,87,

80

61,9

0

1,23

,49,

70

5,04

,50 -

5,04

,50

7,6

1,54

-

7,6

1,54

(64

,42) 8

(64

,34

)

1,34

,89,

43

61,9

8

1,35

,51,

41

55,0

4,6

9

6,74

55,1

1,4

3

15,1

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15,1

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(38,

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69,8

1,66

7,77

69,8

9,4

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67,8

3,03

55,2

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68,3

8,27

65,0

7,7

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54,2

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65,6

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ii)

iii)

iv)

v)

vi)

vii)

viii)

ix)

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xii)

xiii)

xiv)

xv)

xvi)

xvii)

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1,37,3789,20

2,08,921,39

20,555,93,34

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1,25,32,4484,51

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-

2,98,76

26,30,74

29,29,50

1,36,79,821,20,27,91

90,26,91

3,47,34,64

1,52,37,76

41,981,20,001,38,02

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4,79,76-

30,3385,42

94,29,3776,34

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2,98,76

26,30,74

29,29,50

99,54,511,11,56,1881,96,06

2,93,06,75



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PROFIT AND LOSS ACCOUNT FOR

EXPENDITURE Year ended

31 March 2014Year ended

31 March 2013

1)

2)

3)

4)

5)

6)

7)

8)

9)

10)

11)

12)

13)

14)

15)

16)

17)

18)

19)

20)

21)

22)

23)

Interest on Deposits

Interest on Borrowings

Salaries and Allowances

Directors and Local Committee Members Fees

Rent, Rates, Taxes, Insurance and Lighting

Legal and Professional Charges

Postage, Telegrams and Telephone Charges

Travelling and Conveyance

Audit Fees

Repairs and Maintenance

Depreciation & Amortisation on Fixed Assets

Amortisation of Premium on Securities

Printing and Stationery

Advertisement

Loss on Sale of Assets

Loss on Sale of HTM Securities

Bank Charges

Clearing & Encoding Charges

Security Charges

Contractual Expenses

Other Expenses

Premium on G-Sec Maturity

Bad Debts Written Off

4,40,05,44

13,77,91

49,74,77

7,01

23,47,98

1,45,25

3,49,75

1,68,78

1,48,75

5,49,07

15,16,90

3,13,32

2,21,36

6,50,72

18,13

-

2,62,27

46,11

3,05,53

1,20,77

9,76,20

1,65,71

42,17

3,75,14,49

11,93,13

51,70,17

7,00

20,55,52

1,32,18

3,47,61

1,32,46

1,03,28

5,43,62

14,46,14

2,17,46

1,89,17

6,11,09

30,07

49,42

2,15,46

59,48

2,78,04

1,11,95

6,65,78

3,92,30

9,57

5,14,75,395,87,13,90Balance c/f


I N C O M EYear ended


31 March 2013

1)

2)

3)

4)

5)

6)

7)

8)

9)

10)

11)

12)

13)

14)

15)

16)

Interest on Advances

Interest on Investment

Dividend on Shares

Commission, Exchange and Brokerage

Rent on Safe Deposit Lockers

Income from Sale of Securities

Profit on Sale of HTM Securities

Other Income

Foreign Currencies Fluctuation Gain/Loss

Written off Bad Debts Recovered

BDDR Written Back

Income from Data Centre Sharing

Income from Sale of Software

Profit on Sale of Asset

IT Consultancy Fees

Expenditure Provision & Contingencies Written Back

6,27,76,177,33,52,75Balance c/f

4,65,41,79

2,18,02,61

5

12,77,91

1,63,58

6,37,07

-

20,87,05

4,87,29

18,39

42,17

2,35,08

31,44

7,22

21,10

-

3,83,70,41

1,97,18,47

5

11,06,41

1,57,62

2,28,52

75,17

16,40,01

3,46,12

5,10

9,57

1,74,98

51,10

2,23

22,58

8,67,83

( in Thousands)

34

THE YEAR ENDED 31 MARCH 2014st


PROFIT AND LOSS ACCOUNT FOR

EXPENDITURE Year ended


31 March 2013

24) PROVISIONS AND CONTINGENCIES

6,27,76,177,33,52,75TOTAL

Balance b/f

A) Bad & Doubtful Debts

i)

ii)

iii)

Amount Provided for Bad and Doubtful Debts

Expenditure Provision & Contingencies

Provision for Restructured Advance

B) Contingent Provision Against Standard Assets

C) Special Reserve (u/s 36 (1) (viii) of Income Tax Act, 1961)

25) PROFIT BEFORE TAX

Income Tax

Short / Excess Provision of Last Year

Deferred Tax

NET PROFIT

5,87,13,90

9,75,00

90,81

3,72,18

1,50,00

-

1,30,50,86

42,66,86

(5,68,34)

93,52,34

40,25,00

2,41,86

5,14,75,39

7,00,00

51,70

93,82

3,00,00

3,25,00

98,30,26

22,18,08

1,13,09

74,99,09

51.05 47.81

Mr. V. A. VaishampayanChairman

Mr. C. N. MenonVice-Chairman

- Directors -Mrs. A. R. Apte, Mr. R. K. Agarwal, Mrs. P. B. Iyer, Mr. R. K. Kanani, Mr. M. D. Khutade

Mr. N. D. Mandge, Mr. B. V. Date, Mr. V. M. Patki, Mr. P. D. Thakur, Mr. Vinodkumar Bansal

35

Basic And Diluted Earning Per Share (EPS)


I N C O M EYear ended


31 March 2013

Balance b/f

( in Thousands)

TOTAL

6,27,76,177,33,52,75

As per our report of even date annexed

For Gokhale & SatheChartered Accountants

Mr. Rahul JoglekarPartnerStatutory Auditor Membership No. 129389FRN : 103264 W

For TJSB Sahakari Bank Limited

Mr. S. R. UtekarChief Executive Officer

36

THE YEAR ENDED 31 MARCH 2014st

6,27,76,177,33,52,75


PROFIT AND LOSS APPROPRIATION ACCOUNT

PARTICULARSYear ended


31 March 2013

Appropriations subject to AGM approval

Statutory Reserve Fund

General Reserve

Investment Fluctuation Reserve

Dividend to Shareholders @ 15%

Charitable Fund - 1%

Members Welfare Fund

Co-operative Education Fund - 1%

Contingency Reserve - 10%

Ex-Gratia to Employees

Bad & Doubtful Debts Funds

Special Reserve (u/s 36 (1) (viii) of Income Tax Act, 1961)

74,99,04

TOTAL

NET PROFIT CARRIED TO BALANCE SHEET

.

37,50,00

6,85,00

6,50,00

13,90,00

93,52

10,00

93,52

9,50,00

5,50,02

8,00,00

3,80,00

93,52,06

.

19,00,00

1,97,00

10,00,00

11,80,00

74,99

10,00

74,99

7,50,00

4,92,06

18,20,00

-

1543

74,99,1993,52,49




Mrs. A. R. Apte, Mr. R. K. Agarwal, Mrs. P. B. Iyer, Mr. R. K. Kanani, Mr. M. D. Khutade


- Directors -

PARTICULARSYear ended


31 March 2013

Profit b/f

Profit of last year

TOTAL

93,52,34

15

74,99,09

10

74,99,1993,52,49






38

FOR THE YEAR ENDED 31 MARCH 2014st

43 Jee Jeeef<e&keÀ DenJeeue

( in Thousands)

39

BALANCE SHEET AS ON

CAPITAL & LIABILITIES As on

31 March 2014As on

31 March 2013

CAPITAL

RESERVE FUND AND OTHER RESERVES

DEPOSITS AND OTHER ACCOUNTS

BORROWINGS

BILLS FOR COLLECTION

BRANCH ADJUSTMENTS

OVERDUE INTEREST RESERVE

INTEREST PAYABLE

DEFERRED TAX LIABILITES

OTHER LIABILITIES & PROVISIONS

AMORTISATION RESERVE

PROFIT & LOSS

GRAND TOTAL 64,50,25,6777,25,69,10



Schedule

CONTINGENT LIABILITIES

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

(10)

(11)

(12)

BEING BILLS FOR RECEIVABLE

(as per Contra)

A

B

C

D

E

F

G

P

99,33,44

5,67,85,33

61,94,00,13

2,68,58,35

63,99,96

-

63,20,61

15,85,21

1,29,16

4,22,26,98

29,29,50

43

86,78,27

4,87,25,73

53,08,16,21

1,79,70,87

55,58,43

-

54,11,34

11,75,24

-

2,37,59,93

29,29,50

15

2,93,06,753,47,34,64


Mrs. A. R. Apte, Mr. R. K. Agarwal, Mrs. P. B. Iyer, Mr. R. K. Kanani, Mr. M. D. Khutade


- Directors -

PROPERTY & ASSETSAs on

31 March 2014As on

31 March 2013

CASH AND BANK BALANCES

BALANCES WITH OTHER BANKS

MONEY AT CALL & SHORT NOTICE/CBLO

INVESTMENTS

ADVANCES

INTEREST RECEIVABLE

BRANCH ADJUSTMENTS

BILLS RECEIVABLE

FIXED ASSETS

CAPITAL WORK IN PROGRESS

DEFERRED TAX ASSET

OTHER ASSETS

COST OF ACQUISITION

GRAND TOTAL

Schedule

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

(10)

(11)

(12)

(13)

(a) on investments and Staff Loan(b) on Advances (considered bad & doubtful of recovery) ( as per Contra)

H

I

J

K

L

M

N

O

3,80,54,44

4,85,18,39

-

22,67,86,84

40,74,01,27

7,07,26

63,99,96

65,61,99

2,62,26

10,41,29

1,87,88,42

29,29,50

3,53,89,46

4,44,20,24

-

18,20,22,45

34,00,76,51

1,32,85

55,58,43

68,38,27

2,13,68

3,43,79

1,52,37,76

29,29,50

64,50,25,6777,25,69,10






BEING BILLS FOR COLLECTION(as per contra)

40

31 MARCH 2014st( in Thousands)


87,96,87

63,20,61

64,51,39

54,11,34

SCHEDULES As on

31 March 2014As on

31 March 2013

SCHEDULE A - CAPITAL

Authorised Capital 10,00,00,000 Shares of 50/- each

(P.Y. - 4,00,00,000 Shares of 50/- each)

Issued, Subscribed and Paid-up Capital

(a) Individual -1,55,41,300 Shares of 50/- each

(b) Co-op Institutions / State Govt. - 0- Shares of 50/- each

(c) Others - 43,25,589 Shares of 50/- each

5,67,85,33

( in Thousands)

SCHEDULE B - RESERVE FUND AND OTHER RESERVES Statutory Reserve

Building Fund

Bad & Doubtful Debts Reserve

Contingent Provision Against Standard Assets

Investments Fluctuation Reserve


General Reserve

Revaluation Reserve

Special Reserve (u/s 36 (1) (viii) of Income Tax Act 1961)

Provision for Bad & Doubtful Investments

Charitable Fund

Contingency Reserve

i)

ii)

iii)

iv)

v)

vi)

vii)

viii)

ix)

x)

xi)

xii)

SCHEDULE C - DEPOSITS AND OTHER ACCOUNTSCurrent DepositsI

Individuals

Other Societies

i)

ii)

Savings DepositsII

Individuals

Other Societies

i)

ii)

Term DepositsIII

Individuals

Other Societies

i)

ii)

Matured DepositsIV

5,00,00,00

77,70,65

-

21,62,79

99,33,44

2,59,17,60

24,00,00

1,20,44,34

13,99,90

58,74,46

96,33

33,47,75

26,35

20,58,00

44,35

93,52

34,82,73

Total

3,12,59,21

3,69,33

3,16,28,54Total (I)

11,60,10,81

45,19,0412,05,29,85Total(II)

40,90,77,78

3,28,55,20

44,19,32,98Total(III)

2,53,08,76

61,94,00,13Total (I+II+III+IV)

4,87,25,73

2,00,00,00

66,12,16

-

20,66,11

86,78,27

2,21,35,48

24,00,00

1,05,86,50

12,49,90

52,24,46

1,07,33

26,56,90

29,28

16,78,00

44,35

80,80

25,32,73

2,85,15,83

2,87,75

2,88,03,58

9,98,06,98

36,84,9810,34,91,96

37,06,84,02

1,30,60,34

38,37,44,36

1,47,76,31

53,08,16,21

41

Total(IV)

Total


SCHEDULES As on

31 March 2014As on

31 March 2013

SCHEDULE D - BORROWINGS

( in Thousands)

SCHEDULE E - (I) OTHER LIABILITIES Sundry CreditorsSurcharge Payable (Recovery)Advance Interest ReceivedPayslip PayableDraft PayableShare Suspense / Nominal Membership FeeTDS PayableService Tax PayableLoan Clearing Adjustment / Clearing AdjustmentDividend PayableShare Collection Account - (Acquired Banks)MVAT payableEx-GratiaStaff Interest Reserve AccountNFS Settlement AccountLBT PayableInterest CapitalisationCo-operative Education FundBalance with Correspondents EEFC A/c

i)ii)iii)iv)v)vi)vii)viii)ix)x)xi)xii)xiii)xiv)xv)xvi)xvii)xviii)xix)

Total

Refinance from National Housing Bank

Export Refinance from RBI

CBLO Borrowings from CCIL

Overdraft against Fixed Deposit from State Bank of Travancore

& Corporation Bank

Long Term (Subordinated) Deposits from Public (TIER-II)

i)

ii)

iii)

iv)

v)

SCHEDULE E - (II) OTHER PROVISIONSProvision for Expenses

Contingent Provision for Depreciation in Investments

Provision for Income Tax

Provision for Miscellaneous Asset

Provision for Leave Encashment (Net of Provision)

Provision for Leave Bank Account

Provision for Capital Goods

Provision for Bad and Doubtful Debts

Provision for Restructured Advances

i)

ii)

iii)

iv)

v)

vi)

vii)

viii)

ix)

17,69,00

7,50,00

96,27,90

47,11,45

1,00,00,00

2,68,58,35

74,45,38-

67,6580,65,28

810

1,26,7521,904,12

14,75,9110,40,77

3,995,52,39

12,49,78

3,7158,1793,52

21,95,04

Total (I) 2,14,04,55

9,49,70

6,44

1,35,69,92

47,22,37

-

39,95

93,05

9,75,00

4,66,00

Total (II) 2,08,22,43

Total (I)+(II) 4,22,26,98

37,09,14

9,20,00

88,38,09

45,03,64

-

1,79,70,87

2,67,72-

75,2617,38,83

432,25

1,30,6814,4466,42

12,63,6010,40,77

2,064,92,05

-1,46,14

--

74,9922,93,6976,09,33

8,60,48

-

93,03,05

48,07,37

3,50,00

35,88

-

7,00,00

93,82

1,61,50,60

2,37,59,93


SCHEDULES As on

31 March 2014As on

31 March 2013

SCHEDULE G - PROFIT & LOSS

Refer to Profit and Loss Appropriation Account and note in

Notes to Accounts

3,80,54,44

( in Thousands)

SCHEDULE H - CASH AND BANK BALANCESCash in Hand

Current Deposits

Balances with Reserve Bank of India

Balances with SBI and Nationalised Banks

Balances with State Co-operative Bank

Balances with District Central Co-operative Banks

Balances with other Banks

Balances with Banks Abroad

i)

ii)

iii)

iv)

v)

vi)

vii)

SCHEDULE I - BALANCES WITH OTHER BANKS

Total

Fixed Deposit with State / District Central Co-op Banks

Fixed Deposit with SBI and Nationalised Banks

Fixed Deposit with other Banks

i)

ii)

iii)

SCHEDULE J - INVESTMENTS

Government Securities

(a) Face Value 22776769

(b) Market Value 22123151

(c) Reserve Fund Investment 2591760

Other Trustee Securities

Shares in other Co-op Institutions

Bonds & NCDs

Mutual Funds

i)

ii)

iii)

iv)

v)

31,51,09

2,84,33,30

8,50,06

42

17

26,42,93

29,76,47

1,00

2,96,61,43

1,88,55,96

4,85,18,39Total

20,45,72,57

-

44,69

2,17,69,58

4,00,00

22,67,86,84Total

3,53,89,46

27,51,97

2,69,21,34

11,03,97

34

13

18,19,65

27,92,06

1,00

2,29,06,88

2,15,12,36

4,44,20,24

15,56,58,18

-

44,69

2,56,19,58

7,00,00

18,20,22,45


SCHEDULE F - AMORTISATION RESERVENavjeevan Nagari Sahakari Bank Ltd.

Shree Sadguru Jangli Maharaj Sahakari Bank Ltd.

i)

ii)

2,98,76

26,30,74Total 29,29,50

2,98,76

26,30,7429,29,50

SCHEDULES As on

31 March 2014As on

31 March 2013

SCHEDULE K - ADVANCES

( in Thousands)

Govt. and other approved securities

Other Tangible Securities

Unsecured Advances / Surety Loans with or without

Collateral Securities

i)

ii)

ii)

Total (I)

Total (II)

Total (III)

Short Term Loans, Cash Credits, Overdrafts and Bills DiscountedI)

Of the advances, amount due from individuals (P.Y. 1,63,38,28)Of the advances, amount overdue (P.Y. 40,18,97)Considered Bad and Doubtful of recovery (P.Y. 28,39,73) (Fully Provided for)





Medium Term Loans of which secured againstII)






Long Term Loans of which secured againstIII)


SCHEDULE L - INTEREST RECEIVABLE

On Investments

On Staff Housing Loans

i)

ii)

4,72,52

17,98,70,26

18,29,25

2,43,39,9541,56,5257,82,21

18,21,72,03

6,88,56,60

4,49,73

6,13,75,58

70,31,29

3,34,26,3527,33,2240,30,58

65,06

15,50,58,84

12,48,74

6,89,04,8033,91,0447,79,67

15,63,72,64

40,74,01,27Total (I)+(II)+(III)

82,67,51

5,29,36

Total 87,96,87

3,69,03

15,50,38,43

17,00,50

15,71,07,96

5,36,21,90

2,44,75

5,08,30,70

25,46,45

78,65

12,83,01,98

9,66,02

12,93,46,65

34,00,76,51

59,94,82

4,56,57

64,51,39

44

i)

ii)

ii)

i)

ii)

ii)


SC

HE

DU

LE

M -

FIX

ED

AS

SE

TS

AS

SE

T

DE

SC

RIP

TIO

N

GR

OS

S B

LO

CK

DE

PR

EC

IAT

ION

/ AM

OR

TIS

AT

ION

N

ET

BL

OC

K

*O

pen

ing

Bala

nce

A

dd

itio

n

Cost

as

on

31.0

3.2

013

Bef

ore

1.1

0.2

013

On

or a

fter

1.10

.201

3

Sale

/Tr

ansf

er/

Wri

te o

ff/

Oth

erA

djus

tmen

tsC

ost

as o

n31

.03.

2014

31.0

3.20

13

Clo

sin

gB

alan

ceU

pto

For

th

e ye

aren

ded

31.0

3.20

14

Sale

/Tr

ansf

er/

Wri

te o

ff/

Oth

erA

djus

tmen

ts

Up

to

31.0

3.20

14

WD

V A

SO

N

31.0

3.20

13

WD

V A

SO

N

31.0

3.20

14

(

in T

hous

ands

)

SUB

TO

TA

L

PR

EM

IUM

ON

LE

ASE

H

OL

D L

AN

D

1,22

,87,

80

61,9

0

1,23

,49,

70

5,04

,50 -

5,04

,50

7,61

,54 -

7,61

,54

(64,

42) 8

(64,

34)

1,34

,89,

43

61,9

8

1,35

,51,

41

55,0

4,69

6,74

55,1

1,43

15,1

5,87

1,03

15,1

6,90

(38,

91) -

(38,

91)

69,8

1,66

7,77

69,8

9,43

67,8

3,03

55,2

4

68,3

8,27

BO

OK

S1,

54-

-(1

,54)

-56

-(5

6)-

98-

CA

PIT

AL

E

XP

EN

DIT

UR

E O

N

RE

NT

AL

PR

EM

ISE

S6,

46,5

014

,67

1,20

,39

(30)

7,81

,26

1,30

,57

59,0

6(1

1)1,

89,5

25,

15,9

35,

91,7

4

CO

MP

UT

ER

&P

ER

IPH

ER

AL

S33

,04,

322,

64,7

52,

53,9

6(2

2,00

)38

,01,

0324

,33,

346,

05,5

5(1

9,07

)30

,19,

838,

70,9

87,

81,2

1

EL

EC

RIC

AL

FIT

TIN

G5,

13,4

110

,13

57,6

9(3

,99)

5,77

,24

1,61

,23

58,4

2(2

,33)

2,17

,33

3,52

,18

3,59

,91

FUR

NIT

UR

E &

FIX

TU

RE

15,4

4,32

36,5

11,

25,9

2(1

2,66

)16

,94,

085,

26,2

51,

66,5

1(5

,19)

6,87

,56

10,1

8,07

10,0

6,52

PR

EM

ISE

S42

,51,

9657

,03

1,19

-43

,10,

1813

,67,

682,

78,8

84,

1816

,50,

7428

,84,

1926

,59,

43

OF

FIC

E E

QU

IPM

EN

T36

,88

3,37

4,88

(1,4

8)43

,65

17,2

96,

21(9

1)22

,59

19,5

921

,06

PLA

NT

& M

AC

HIN

ER

Y17

,57,

041,

14,3

31,9

5,22

(23,

62)

20,4

2,97

8,03

,99

2,89

,04

(14,

92)

10,7

8,11

9,53

,04

9,64

,86

VE

HIC

LE

S1,

74,8

43,

722,

29-

1,80

,86

58,0

757

,90

-1,

15,9

81,

16,7

764

,88

65,0

7,78

54,2

1

65,6

1,99

57,0

0-

-1,

1758

,17

5,70

(5,7

0)-

-51

,30

58,1

7L

AN

D

TO

TA

L

*Inc

lude

s W

DV

of

Ass

ets

acqu

ired

pri

or t

o 1.

4.20

08


SCHEDULES As on

31 March 2014As on

31 March 2013

SCHEDULE N - OTHER ASSETS

( in Thousands)

Sundry Debtors

Stock of Stationery

Security Deposits

Unused stamps

Service Tax / CENVAT Receivable

Deposit for Premises

Advance for Franking

Forex Deal Revaluation Provision

Prepaid Expenses

Advance Income Tax

Other Receivable

Miscellaneous Assets

Funded Interest Term Loan

Clearing Adjustment Account

Gratuity Plan Assets (Net of Provision)

Leave Encashment Plan Assets (Net of Provision)

Forex Current Assets

i)

ii)

iii)

iv)

v)

vi)

vii)

viii)

ix)

x)

xi)

xii)

xiii)

xiv)

xv)

xvi)

xvii)

Total

SCHEDULE O - COST OF ACQUISITION

Navjeen Nagari Sahakari Bank Ltd.

Shree Sadguru Jangli Maharaj Sahakari Bank Ltd.

i)

ii)

1,87,88,42

SCHEDULE P - CONTINGENT LIABILITIES

Bank Guarantees

Letter of Credit / Buyer’s Credit

Forward Exchange Contracts

i)

ii)

iii)

1,37,37

89,20

2,08,92

1,39

20,55

5,93,34

-

1,07,11

1,30,27

1,25,32,44

84,51

47,22,37

58,17

14,90

36,22

51,66

-

2,98,76

26,30,74

Total 29,29,50

1,36,79,82

1,20,27,91

90,26,91

Total 3,47,34,64

1,52,37,76

41,98

1,20,00

1,38,02

94

28,23

4,79,76

-

30,33

85,42

94,29,37

76,34

48,07,37

-

-

-

-

-

2,98,76

26,30,74

29,29,50

99,54,51

1,11,56,18

81,96,06

2,93,06,75


I. Summary of significant accounting policies: India from time to time.

1. Basis of preparation: b. The unrealized interest in respect of advances The financial statements of the Bank have been prepared classified as Non-Performing Advances is disclosed as in accordance with the generally accepted accounting "Overdue Interest Reserve" as per RBI directives.principles in India. The Bank has prepared these financial statements to comply in all material respects with the c. In addition, a general provision is made on following accounting standards issued by the Institute of Chartered categories of standard assets as per RBI guidelines, as Accountants of India (ICAI) to the extent applicable, under:applicable statutory provisions under the Banking Regulation Act, 1949 & Multi State Co-operative Societies Act, 2002, circulars and guidelines issued by the Urban Banking Department of Reserve Bank of India (‘RBI’) from time to time and current practices prevalent in the Co-operative Banking sector in India. d. For restructured accounts, provision is made in The financial statements have been prepared following accordance with RBI guidelines which require the going concern concept on an accrual basis under the diminution in the fair value of assets to be provided for at historical cost convention, except for Land and Building the time of restructuring. acquired on merger with Navjeevan Nagari Sahakari Bank Ltd, Pune which is carried at revalued amount. The 4. Revenue recognition (AS - 9): accounting policies adopted in the current year are a. Income from advances - As per RBI directives, in consistent with those of previous year. respect of accounts classified as Standard, interest and

other income is recognized on accrual basis as and when 2. Use of Estimates: the same is earned; income from Non-Performing Assets The presentation of financial statements in is recognized on realisation and in case of advances with conformity with generally accepted accounting the Recovery Department of the bank, the recoveries in p r inc ip les , r equ i res management to make the accounts are first appropriated towards principal estimates and assumptions that affect the reported outstanding and then towards interest income. amounts of assets, liabilities, revenues and expenses and the disclosure of contingent liabilities at the end of the b. Income from Investments – Interest income from reporting period. Although these estimates are based on investments is recognized on a time proportion basis management's best knowledge of current events and considering the face value of investment and the rate actions, uncertainty about these assumptions and applicable. Discount on T-Bills and other discounted estimates could result in outcomes requiring a material instruments is recognized on a straight line basis over the adjustment to the carrying amounts of assets or liabilities period to maturity.in the future periods.

c. Income from Information Technology services – 3. Advances: Income from data centre sharing / service consultancy a.The classification of advances into Standard, Sub- agreements with various Co-operative Banks is standard, Doubtful and Loss assets as well as recognized on accrual basis in terms of the milestones provisioning on Standard Advances and Non-Performing laid down in each agreement. Income from sale of Advances has been arrived at in accordance with the customized software is recognized as and when the Income Recognition, Assets Classification and license is granted to the counterparties and invoices are Provisioning Norms prescribed by the Reserve Bank of raised on them.

Notes to Financial Statements for the Year Ended 31st March 2014

Category

Direct advances to Agricultural and SME Sectors

Commercial and real estate loans

Commercial and real estate loans - residential housing

Other advances

0.25 %

1.00 %

0.75 %

0.40 %

Provision (%)


d. Commission on sale of life insurance and mutual fund products by the Bank is recognised as and when the products are sold.

e. The commission on Letters of Credit / Guarantees, locker rent, Dividends received from shares of Co-operative institutions and mutual funds, demat charges, are accounted on receipt basis.

5. Fixed Assets: a. Fixed Assets, other than those that have been revalued, b. Depreciation on revalued amount is debited to are carried at historical cost less amortisation / Revaluation Reserve and depreciation on cost is debited depreciation accumulated thereon. Cost comprises of to Profit and Loss a/c. purchase price, including non-refundable taxes and any directly attributable cost of bringing the asset to its c. Computer and Peripherals used for providing working condition for intended use. Any trade discount, technological services are depreciated on a straight line rebates are deducted in arriving at the purchase price. basis over the period of contract.

b. Revalued assets are carried at revalued amounts less d. The depreciation on assets acquired prior to October amortisation / depreciation accumulated thereon. Surplus 1st, is provided for the whole year otherwise the same are arising out of revaluation is reflected under Revaluation depreciated at 50% of the normal rates except Reserve in the Balance Sheet. depreciation on vehicles which is provided for full year in

the year of acquisition irrespective of date of acquisition.c. Gains or Losses arising from derecognition of fixed assets are measured as difference between the net e. Assets costing less than 5, 000 are not capitalized but proceeds on disposal and carrying amount of the assets charged to the profit & loss account in the year of and are recognized in the profit and loss account when the purchase.asset is derecognised.

f. Lease premium paid for acquisition of land is amortised d. Impairment: The Carrying amounts of assets are over the remaining primary lease term.reviewed at each balance sheet date for any indication of impairment based on internal/external factors. An 7. Foreign Exchange Transactions:impairment loss is recognized wherever the carrying a. Transactions denominated in foreign currency are amount of an asset exceeds its recoverable amount. The accounted for at the rates prevailing on the date of the recoverable amount is the greater of the asset’s net selling transaction. Monetary foreign currency assets and price and value in use. liabilities reflected in the Balance sheet on the date are

translated at the rates notified by Foreign Exchange 6. Depreciation on Fixed Assets: Dealers Association of India (FEDAI). The profit / loss a. The depreciation on fixed assets is calculated on the due to revaluation are recognised in the Profit and Loss basis of methods and rates as mentioned below: account.

b. The Outstanding spot and forward contracts are revalued at the rates notified by FEDAI. The resulting


Particulars Method of Depreciation

Furniture and Fixture

Plant & Machinery

Electrical Fittings

Leasehold Land

Premises

Capital Expenditure on Rented Premises

Office Equipment

Vehicles

Computers and Peripherals

15%

25%

15%

10%

10%

25%

30%

33.33% (as per

RBI directives)

Written Down Value

Written Down Value

Written Down Value

At Amortised Value

over the Lease Term

Written Down Value

Written Down Value

Written Down Value

Straight Line

Straight Line

Rate of Depreciation

profit / loss is included in Profit and Loss account as per f. Broken period interest on investments is treated as a FEDAI / RBI guidelines. revenue item. Brokerage, commission, etc. pertaining to c. Contingent liabilities on account of foreign exchange investments paid at the time of acquisition is charged to contracts, guarantees, acceptances, endorsements and revenue.other obligations denominated in foreign currencies are disclosed at closing rates of exchange notified by FEDAI. g. Transfers from / to HTM category are done at

acquisition cost or book value or market value on the date 8. Investments: of transfer, whichever is least and the difference is a. Investments other than Term Deposits with Banks / debited to profit and loss account.Institutions / Mutual Fund / Certificate of Deposits and Shares of Co-op Institutions are classified into "Held for h. Profit in respect of investments sold / redeemed from Trading" (HFT), "Available for Sale" (AFS), and "Held to “HTM” category is included in Profit on Sale of Maturity" (HTM) categories in accordance with the Investments and equal amount is transferred to Reserve Bank of India (RBI) guidelines on Classification Investment Fluctuation Reserve by way of appropriation.and Valuation of Investments for Primary (Urban) Co-operative Banks. 9. Accounting for amalgamation:

Accounting for Amalgamation in case of amalgamated b. For the purpose of disclosure in the Balance Sheet, Banks with the Bank is carried out as per the Investments have been classified under four groups as amalgamation orders passed by the RBI and other required under RBI guidelines – Government Securities, applicable statutory authorities. Other trustee Securities, Shares in Co-operative Institutions, Bonds and NCDs and Other investments. 10. Employee Benefits (AS- 15):

a. The retirement benefits in the form of provident fund c. Investments under HTM category are carried at are a defined contribution scheme. The contributions to Acquisition cost. The premium paid, if any, on the the provident fund are charged to Profit and Loss account investments under this category is amortised over the for the year when the contributions are due. residual life of the security as per guidelines of RBI and Policy adopted by Bank. b. Accumulated leave is treated as an employee benefit.

The bank measures the expected cost of such absences as d. Investments under HFT and AFS category are valued an additional amount that it expects to pay as a result of scrip-wise at lower of Cost or Market Value. Net the unused entitlement that has accumulated at the depreciation, if any, under each classification is provided Balance sheet date. Such compensated absences are for. Net appreciation, if any ,is ignored. provided for based on the actuarial valuation at the year-

end. The bank maintains fund under trust deed with Life e. In case of shares, bonds & other investments, the scrip Insurance Corporation of India (LIC) for encashment of wise appreciation is ignored. Market value of absences to employees. The shortfall, if any, between the Government securities (excluding treasury bills) is present value of the benefit obligation and the fair value

stdetermined on the basis of the prices periodically of plan assets as on 31 March is paid / provided for and declared by PDAI jointly with FIMMDA for valuation at recognised as expense in the profit and loss account. year-end. In case of unquoted Government securities, market price or fair value is determined as per the rates c. The bank operates defined benefit plan for its published by FIMMDA. Market values of mutual funds employees, viz. gratuity liability. The cost of providing

stare determined on the basis of NAV as on 31 March benefits under these plans is determined on the basis of declared as per guidelines issued by AMFI. actuarial valuation at each year-end. The bank has


obtained a Unit Linked Insurance policy from HDFC and outstanding during the period are calculated by maintaining fund under trust deed with Life Insurance aggregating the equity shares outstanding at the Corporation of India (LIC) for gratuity payments to beginning of the period adjusted by the number of shares employees. The shortfall, if any, between the present surrendered / forfeited or issued during the period value of the benefit obligation and the fair value of plan multiplied by the time-weighting factor, which is the

stassets as on 31 March is paid / provided for and number of days for which the shares are outstanding as a recognised as expense in the profit and loss account. proportion of total number of days during the year.

d. Ex-Gratia is appropriated out of net profit in 14. Taxes on Income (AS - 22): accordance with the Multi-State Co-operative Societies a. Tax expense comprises of current and deferred tax. Act, 2002. Current Income Tax is measured on the basis of estimated

taxable income for the year in accordance with the 11. Segment Reporting (AS - 17): provisions of Income Tax Act, 1961, and rules framed a. The Bank's operating businesses are organized and thereunder. managed separately according to the nature of the services provided, with each segment representing a b. Deferred income tax reflects the impact of timing different business unit. differences between taxable income and accounting

income originating during the current year and reversal of b. Income and expenses in relation to the segments are timing differences for earlier year. Deferred tax is categorized based on the items that are individually measured using tax rates and tax laws enacted or identifiable to the segments. substantially enacted at reporting date. Deferred tax

assets are recognized for only to the extent that there is c. Deposits, Interest paid / payable on deposits, reasonable certainty that sufficient future taxable income Borrowings and interest paid / payable on borrowings are will be available against which such deferred tax assets allocated in the ratio of average investments to average can be realized. advances in the segments Treasury and Forex and Other Banking operations, respectively. c. Deferred Tax Assets are reassessed at each reporting

date, based upon management’s judgment as to whether d. Unallocated expenses include general corporate the realization is reasonably certain. income and expense items which are not allocated to any business segment. 15. Provisions (AS - 29) :

A provision is recognised when the Bank has a present 12. Lease payment (AS - 19): obligation as result of past events and it is probable that Operating lease payments are recognized as an expense in an outflow of resources will be required to settle the the Profit and Loss account on a straight line basis over obligation, in respect of which a reliable estimate can be the lease term. made. Provisions are not discounted to their present value

and are determined based on best estimate required to 13. Earnings per share (AS - 20): settle the obligation at the balance sheet date. These are a. Earnings per share are calculated by dividing the net reviewed at each balance sheet date and adjusted to profit for the period after tax attributable to equity reflect the current best estimates. shareholders (before appropriation) by the weighted average number of equity shares outstanding during the 16. Deposits for utilities : period. Deposits for services like telephone, electricity etc.

paid to concerned authorities are written off as b. The weighted average number of equity shares expenditure in the year in which the relevant service


connection is installed. said assets as at March 31, 2014 is 45.56 Lacs (Previous year 60.75 Lacs).

II. Notes to financial statements for the year ended March 31, 2014 D. Balances with Other Banks: A. Appropriation of Profit: Fixed Deposits with other Banks include deposits The Bank has given effect for following appropriation of aggregating to 2,848.09 Lacs ( Previous year profits for the year ended March 31, 2014 in the financial 3,024.50 Lacs) placed as margin to secure overdraft statements, subject to approval of the shareholders at the limits / issuance of guarantees in respect of correspondent AGM. business. Overdraft limits to meet liquidity risk are

secured by fixed deposits of 19,950.00 Lacs (Previous year 4,950.00 Lacs).

E. Effects to Cost of Acquisition of Merged Banks:During the FY. 2007-08, the Bank had acquired The Navjeevan Nagari Sahakari Bank Ltd, Pune and Shree Sadguru Jangli Maharaj Sahakari Bank Ltd, Pune. In accordance with the merger order passed by the Office of the Commissioner for Co-operation and Registrar of Co-operative Societies, M.S., Pune 411 001 dated July 16, 2007 and August 18, 2007 respectively alongwith 'No Objection Certificate' issued by the RBI. As directed by said merger orders, Cost of Acquisition of 2,929.50 Lacs was completely provided for till March 31, 2012. The bank will maintain memorandum records for the subsequent five years to comply with the order of merger.

B. Long Term Subordinated (Tier-II) Deposits : F. Provisioning on Advances: In accordance with the approval granted by RBI vide its Provision for Bad and Doubtful Debts (for Non-letter no.UBD.MRO.BSS1/14468/12.07.287/2013-2014 Performing Assets) is made as prescribed by RBI

rddated 3 December 2013 and the Joint Secretary and directives or Section 36(1)(viia) of the Income Tax Act, Central Registrar of Co-operative Societies vide its letter whichever is higher. Additionally the bank has credited to

thno.R11017/97/2013-L&M dated 20 December 2013, Bad and Doubtful Debts Reserve (BDDR) a sum of during the year 2013-2014 the Bank has raised 100 800.00 Lacs during F.Y 2013-2014 (P.Y. 1,820 Lacs) crores by way of Long Term Subordinated (Tier-II) by way of appropriation out of Net Profits. Provisions deposits. In accordance with RBI guidelines, the said made in earlier years, alongwith the additional amount amount after applying relevant discounting factors would created as BDDR continue to be reflected in the Reserves be included in the Tier-II capital of the Bank for Capital as in the past. Adequacy purposes.

G. Internal controls : C. Tangible Fixed Assets: During the last few years the Bank has witnessed The fixed asset block for "Plant and Machinery" includes unprecedented growth, both in size, geographical proportionate share paid by the Bank aggregating to presence and in the business mix. Action for 108.00 Lacs (Previous year 108.00 Lacs) for jointly strengthening the control mechanisms including controlled assets at 'TJSB House' alongwith the other concurrent / internal / IS audit process has been initiated owners of the building. The written down value of the during the year.


Total

Charitable fund (1%)


Co-operative Education fund (1%)

Contingency Reserve (10%)

Ex-gratia to Employees

Bad & Doubtful Debts Reserve

Special Reserve

Balance carried to Balance Sheet

93.52

10.00

93.52

950.00

550.02

800.00

380.00

0.43

9,352.49

Particulars

Net profit for the year ended March 31, 2014

Previous year balance

Total Profit available for appropriation

Appropriations

Statutory Reserve Fund (25%)

General Reserve

Investment Fluctuation Reserve

Dividend to Shareholders (15%) Pro-rata

9,352.34

0.15

9,352.49

3,750.00

685.00

650.00

1,390.00

Amount( in Lacs)

Statement of Appropriations 31.03.2014

( in Lacs)

Particulars

Assumptions

Discount Rate

Rate of increase in compensation

Changes in present value of obligations

Present Value of obligation as on 01.04.2013

Interest cost

Current service cost

Benefits paid

Actuarial (gain)/loss on obligation

Present value of obligation as on 31.03.2014

Changes in fair value of plan assets

Fair value of plan assets as on 01.04.2013

Adjustment to opening plan assets

Expected Return on plan asset

Contributions

Benefit Paid

Actuarial gain/(loss) on plan assets

Fair value of plan assets

Expense recognized in the statement of

P&L A/c

Current Service Cost

Interest paid

Expected Return on plan Assets

Net Actuarial (Gain)/Loss recognized for

the period

Expenses recognized in the statement of

P&L A/c

Movements in the Liability recognized

in Balance Sheet

Opening Net Liability

Adjustment to opening Fair value of plan

Assets

Expenses as above

Contribution paid

Closing Net liability

Leave EncashmentGratuity

31st March 2014

31st March 2013

31st March 2014

31st March 2013

.

9.13%

5%

1,302.12

103.42

119.71

(57.00)

(135.62)

1,332.64

1,236.27

90.00

113.87

25.00

(57.00)

(39.28)

1,368.87

119.71

103.42

(113.87)

(96.34)

12.92

65.86

(90.00)

12.92

(25.00)

(36.22)

.

8.12%

5%

905.66

75.79

108.03

(48.68)

261.32

1,302.12

1,010.25

(21.07)

100.15

295.76

(48.68)

(100.15)

1,236.27

108.03

75.79

(100.15)

361.46

445.14

(104.60)

21.07

445.14

(295.76)

65.86

.

9.13%

5%

730.59

53.13

75.19

(152.47)

10.63

717.08

290.56

-

44.49

560.00

(152.47)

26.16

768.74

75.19

53.13

(44.49)

(15.53)

68.30

440.03

-

68.30

(560.00)

(51.66)

.

8.12%

5%

388.20

29.20

73.75

(97.33)

336.77

730.59

-

-

13.08

387.89

(97.33)

(13.08)

290.56

73.75

29.20

(13.08)

349.85

439.73

388.20

-

439.73

(387.89)

440.03

H. Prior Period items (AS - 5):

Material Prior period expenses / incomes debited /

credited to Profit and Loss account required to be

disclosed are as under

I. Investments:

During the year, Bank has shifted securities from AFS

category to HTM category and vice versa. In the first

quarter of F.Y. 2013-2014, the Bank had transferred

securities having Book Value of 1,984.30 Lacs from

AFS to HTM category and the depreciation of 48.90

Lacs (Previous year 51.70 Lacs) on such transfer is

charged to Profit and Loss account. Additionally during

the year F.Y. 2013 -2014, RBI had allowed an additional

one time transfer from AFS to HTM category vide its

circular no. UBD.BPD. (PCB) CIR No. 36/16.20.000 / st2013 -14 dated 1 November 2013. For the purpose of

thsuch transfer, the market value of the securities as on 15

July 2013 was allowed to be considered. In accordance

with the said circular, the Bank has transferred securities

having face value 32,817.18 Lacs from AFS to HTM

category and depreciation of 35.47 Lacs is also charged K. Related party disclosure:

to the Profit and Loss account Income from sale of The Bank is a Co-operative society under the Multi-State

securities comprised of 637.07 Lacs ( Previous year Co-operative Societies Act, 2002 and there are no

228.52 Lacs) on sale of securities under AFS category. Related Parties requiring a disclosure under the

Accounting Standard - 18, issued by the ICAI, other than

J. Employee Benefits: Key Management Personnel, viz. Mr. Satish R. Utekar,

Salaries and Allowances include an amount of the Chief Executive Officer (CEO) of the Bank for

330.01 Lacs ( Previous year 296.20 Lacs ) F.Y.2013-14. However in terms of RBI circular dated

contributed by the Bank on account of contribution March 29, 2003, the CEO being a single party coming

towards Provident Fund. Actuarial assessment of under the category, no further details therein need to be

Gratuity Fund & Leave encashment: disclosed.


( in Lacs)

Particulars

Prior Period Incomes

Net Deferred Tax Asset

Depreciation

Gratuity & Leave Encashment

Total

.

468.92

20.73

144.11

633.76

Amount

Particulars

Segment Revenue

Segment Result

Unallocated Expenses

Net Profit before income tax and

Appropriations

Income Tax (including deferred tax)

Net Profit before Appropriations

Segment Assets

Unallocated Assets

Total Assets

Segment Liabilities

Unallocated Liabilities

Total Liabilities

( in Lacs)

Treasury & Forex

23,488.48

(20,859.35)

3,224.62

(2,911.96)

-

-

-

-

296,907.64

(248,524.72)

-

-

289,293.72

(256,340.61)

-

-

Other BankingOperations

Total

49,857.06

(41,049.00)

11,361.06

(7,858.68)

-

-

-

-

459,158.23

(383,798.29)

-

-

397,410.92

(317,084.75)

-

-

73,345.54

(61,908.35)

14,585.68

(10,770.64)

1,534.82

(940.38)

13,050.86

(9,830.27)

3,698.52

(2,331.18)

9,352.34

(7,499.09)

756,065.87

(632,323.01)

16,503.23

(12,702.66)

772,569.10

(645,025.67)

686,704.64

(573,425.36)

85,864.46

(71,600.31)

772,569.10

(645,025.67)

L. Segment Reporting as at March 31, 2014: N. Earnings Per Share :

O. Deferred Tax Assets / Liabilities:The Deferred tax assets / liabilities as at March 31, 2014 and break-up of its components are as follows:

Notes: a. The Bank operates as a single unit in India, hence separate information regarding geographical segment is

P. Intangible Fixed Assets:not given.

The fixed asset block for "Computer peripherals" b. The above segments are reported considering the includes Computer Software the details of which are as nature of the products / services under attributable risk / follows:returns, overall organizational structure and internal Management reporting system of the Bank.c. The previous year's figures are indicated in brackets.

M. Lease rent payable: The breakup of future lease payables as required by AS-19 is given as under :

Q. Impairment of assets : There is no material impairment of any of assets in the opinion of the Bank and as such no provision under Accounting Standard - 28 issued by ICAI is required.


( in Lacs)

Particulars

Future lease rental Payable as at the end of the year :

- Not later than one year

- Later than one year and not later than five years

- Later than five years

Total of minimum lease payments recognized in the

profit and loss account for the year.

Total of future minimum lease sub-lease payment

expected to be received under non-cancellable sub-lease

Sub-lease payments recognized in the profit and loss

account for the year

31.03.201331.03.2014

.

940.82

3,716.45

4,135.20

1,091.20

NA

NA

.

754.03

3,727.27

5,065.20

994.58

NA

NA

Particulars

Net Profit after Tax attributable to Equity shareholders

(before appropriation) ( in lacs)

Weighted Average no. of equity shares outstanding

during the period (Actual)

Basic and Diluted Earnings Per share ( )

Nominal Value per Share ( )

2012-20132013-2014

9,352.34

183.21

51.05

50/-

7,499.09

156.87

47.81

50/-

( in Lacs)

Particulars

Depreciation

Special Reserve

Leave Encashment

VRS

Provision for Leave Bank

Provision for Std Assets

Provision for Restructured

Advances

Lease Rent payable

Net Deferred Tax asset as

at March 31,2014

Deferred tax asset as At

March 31,2013

Addition /(Reversal)

during the year

Deferred tax Asset/(Liability) as atMarch 31,2014

69.76

-

108.15

41.65

-

-

-

124.23

343.79

69.01

(129.16)

-

(15.27)

13.58

475.82

158.39

(4.03)

568.34

138.77

(129.16)

108.15

26.38

13.58

475.82

158.39

120.20

912.13

( in Lacs)

Particulars

Gross Block at the beginning of the year

Add : Additions during the year

Less : Write off/Sale

Gross Block at the end of the year

Amortisation at the beginning of the year

Add : Additions during the year

Less : Write off/ Sale

Amortisation at the end of the year

Net Closing Balance

March 31,2014

927.42

111.53

-

1,038.95

714.68

147.17

-

861.85

177.10

748.57

178.85

-

927.42

563.60

151.08

-

714.68

212.74

March 31,2013

R. Movement in provisions (AS – 29) : T. Capital Commitments :The following information is furnished w.r.t provisions as Estimated amount of contracts remaining to be executed required by AS-29. on capital accounts as at March 31, 2014 aggregate to

175.45 Lacs (Previous year 145.07 Lacs.)

U. Information under MSME (Development) Act, 2006 :Suppliers / service providers covered under Micro, Small,

S. Contingent Liabilities: Medium Enterprises Development Act, 2006, have not a. All letters of credit / guarantees are sanctioned to furnished the information regarding filing of necessary customers with approved credit limits in place. The memorandum with the appropriate authority. Therefore, liability thereon is dependent on terms of contractual information relating to cases of delays in payments to obligations, devolvement, raising demand by concerned such enterprises or of interest payments due to delays in parties and the amount being called up. These amounts such payments, could not be given.are collateralized by margins, counter-guarantees and secured charges. The quantum of Contingent liabilities in respect of Bank guarantees, Letters of credit, Forward contracts etc. as per Schedule P are as under:

b. The Bank has filed writ petition in the High Court against an NA Tax demand of 31.07 Lacs raised in the year 2005. The Bank has paid an amount of 27.65 Lacs under protest and the unpaid amount of 3.42 Lacs is a contingent liability.

c. The Kalyan Dombivli Municipal Corporation (KDMC) has raised a demand towards property tax of the Kalyan branch premises for the period April 2010 to March 2014. The bank has till date paid an amount of 14.00 Lacs under protest. The bank has sought clarification from KDMC regarding levy of property tax and the balance demand of 4.35 Lacs is a contingent liability.

d. Five cases have been filed by customers amounting to 226.51 Lacs. Two cases have been filed against Bank by ex-employees and Forty One by borrowers. The liability contingent thereon is not quantifiable at present.


( in Lacs)

Nature of provisions

Leave Bank scheme

Misc. Assets

Opening Balanceon 01.04.2013

Addition Reversal /Utilisation

Closing Bal.on 31.03.2014

35.88

4,807.37

11.42

0.00

7.35

85.00

39.95

4,722.37

( in Lacs)

Particulars

Bank Guarantees

Letters of Credit (LC + Buyer’s Credit)

Forward exchange contracts Purchase/Sale

Total

31.03.2014

13,679.82

12,027.91

9,026.91

34,734.64

9,954.51

11,156.18

8,196.06

29,306.75

31.03.2013

Disclosure norms in terms of RBI circular dt. 30th October, 2002

Sr. No. Particulars 31.03.2014 31.03.2013

Movement of CRAR

Capital Tier 1

Capital Tier 2

Total of Tier 1 and Tier 2 Capital

Total Risk Weighted Assets

Capital to Risk Assets Ratio

1 .

a

b

c

d

e

.

47139.96

16076.17

63216.13

420049.74

15.05%

.

40081.53

9870.96

49952.49

370665.55

13.48%

Investments

Book Value

Face Value

Market Value

2 .

a

b

c

.

226786.84

227767.69

221231.51

.

182022.45

181321.89

183548.24

Advance Against

Real Estate

Construction Business

Housing

3 .

a

b

c

.

1978.51

14728.62

50850.88

.

7440.90

6340.83

42608.93

Advance against Shares & Debentures 4 0.01 0.00

Advance to Directors, their relatives, companies firms in which they are interested :

5

Fund Based

Outstanding at the beginning of the year

Additions during the year

Recovery during the year

Outstanding at the end of the year (*)

a

i

ii

iii

iv

.

155.68

0.00

105.62

50.06

.

224.42

0.00

68.74

155.68

Non Fund based (Guarantees, L/Cs etc)

*Amount pertains to loans to Directors against Term Deposits

b 0.00

0.00

0.00

155.80

Average Cost of Deposits6 7.74% 7.73%

NPAs

Gross NPAs

Net NPAs

(**)- subject to approval of appropriations at AGM

7 .

a

b

.

14592.46

1573.12(**)

.

11279.58

0.00

Movement in NPAs

Gross NPAs

At the beginning of the year

Additions during the year

Less: Closed / recovered / written off

At the end of the year

8 .

I

a

b

c

d

.

11279.58

6812.10

3499.22

14592.46

.

6953.01

6310.01

1983.44

11279.58

( in Lacs)


V. Disclosures as per RBI Guidelines :

Disclosure norms in terms of RBI circular dt. 30th October, 2002

Sr. No. Particulars 31.03.2014 31.03.2013

Net NPAs



(**)-subject to approval of appropriations at AGM

II

a

b

.

0.00

1573.12(**)

.

0.00

0.00

ProfitabilityInterest income as a percentage of average working fundsNon-interest income as a percentage of average working fundsOperating profit as a percentage of average working fundsReturn on Average AssetsBusiness (Deposits + Advances) per employeeProfit per employee

9 .abcdef

.10.31%0.75%2.21%1.41%986.36

8.98

.10.18%0.67%1.98%1.31%863.12

7.43Movements in provisions for AdvancesBad and Doubtful Debt ReserveAt the beginning of the yearAdd: Provisions made during the yearAdd: Amount appropriated from Profit**Less : Closed / Recovered / Written OffLess : Adjusted against cost of acquisition of merged bankAt the end of the year(**)-subject to approval of appropriations at AGM

10 .a

.

11286.51975.00800.0042.170.00

13019.34

.

8776.08700.00

1820.009.570.00

11286.51

Contingent Provision against Standard Assets


Add : Provisions made during the year


b .

1249.90

150.00

1399.90

.

949.90.

300.00

1249.90

Movements in provisions for investments

Provision for Bad and doubtful investment



11 .

a

.

44.35

44.35

.

44.35

44.35

Contingent provision for depreciation in investment


Add : Provisions made during the year

Less: Expenditure provision & contingencies written back


b .

0.00

6.44

0.00

6.44

.

867.83

0.00

867.83

0.00Investment Depreciation Reserve


Less: Transfer to Expenditure-Provisions & Contingencies


c .

0.00

0.00

0.00

.

0.00

0.00

0.00

Foreign Currency Liabilities

Foreign Currency Assets

12 a

b

355.12

5515.96

1426.94

6572.52

DICGC Premium paid upto13 Mar - 14 Mar - 13

( in Lacs)


Disclosure as per RBI master Circular No. UBD.BPD.(PCB).MC.No.8/16.20.000/2006-07 dated 12th July, 2006

i) Issuer Composition of Non-SLR Investments

No.

(1)

Issuer Amount

Extent ofbelow

Investmentgrade

Securities

Extent ofUnrated

Securities

Extent ofUnlisted

Securities

(2) (3) (4) (5) (6)

1

2

3

4

5

6

PSUs

Fls

Public Sector Banks

Mutual Fund

Others

Provision held towards depreciation

Total

36.18

83.85

40.00

4.00

58.11

-

222.14

-

-

-

-

-

-

-

( in Crores)

ii) Non Performing Non-SLR investments

Particulars

Opening Balance

Additions during the year since1st April

Reductions during the above period

Closing balance

Total Provision held

0.44

-

-

0.44

0.44

Amount

( in Crores)

iii) Repo Transactions

ParticularsMinimum

outstandingduring the

year

Maximumoutstandingduring the

year

Daily averageoutstandingduring the

year

Outstandingas on

31.03.2014

Securities sold under Repo

Securities Purchased under Reverse Repo

-

-

( in Crores)

1) Interest Rate Future ( as perRBI Circular UBD (PCB) BPD Cir No. 17/13.01.000/2009-10 October 28, 2009). The bank has not undertaken any transaction during the Financial Year 2013-14.

57

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-


Capital charge on Market risk : enhance profitability by improving the bank’s competitive advantage and mitigate loss from all types of

Market risk in Trading book - Standardised Modified market risk loss events. Duration Approach :

Scope and Nature of Risk Reporting / Measurement Qualitative disclosures Systems :(a) The general qualitative disclosure requirement for The Bank has regulatory/ internal limits for various market risk. instruments in place.

Various exposure limits for market risk management Strategies and Processes : such as Overnight limit, VaR limit, Aggregate Gap limit, Investment Policy which includes Market Risk Investment limit etc. are in place.Management is in line with the RBI regulations vide circular UBD.BPD.(PCB). Cir. No. 42/09.11.600 /2009- The portfolio covered by Standardised Modified 10 dated February 8,2010 and business requirements. Duration Approach for computation of Capital charge for

Market Risk includes investment portfolio held under The overall objective of market risk management is to AFS and Forex Open positions.

ParticularsAmount of Capital Required

The capital requirements for :

Interest rate risk

Equity position risk

Foreign exchange risk

2,092.65

-

22.50

Quantitative Disclosures :

2013-2014 2012-2013

2,369.98

-

22.50

Particulars of Accounts Restructured as on 31.03.2014

Standard advance

restructured

No. of Borrowers

Amount outstanding

Sacrifice (diminution in the fair value)

9

9,239.16

466.00

Restructured Advances :

SME DebtRestructuring

( in Lacs)

( in Lacs)

Housing Loans

Sub Standard advance restructured

No. of Borrowers

Amount outstanding


58

Others


-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Particulars of Accounts Restructured as on 31.03.2014

Doubtful advances

restructured

No. of Borrowers

Amount outstanding


9

9,239.16

466.00

Restructured Advances :

SME DebtRestructuring

Others

( in Lacs)

Housing Loans

Total No. of Borrowers

Amount outstanding


W. Previous Year figures :

The bank has reclassified previous year figures to confirm to this year’s classification.

For Gokhale & SatheChartered Accountants FRN - 103264W

For TJSB Sahakari Bank Ltd.

Mr. Rahul P. JoglekarPartnerStatutory AuditorMembership No. 129389


Mr. V.A. VaishampayanChairman

Mr. C. N. MenonVice Chairman

59

Date : April 9, 2014


Mr. V. M. PatkiDirector

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

GOKHALE & SATHECHARTERED ACCOUNTANTS

Office : 302 / 303, Udyog Mandir No. 1, 7-C, Bhagoji Keer Marg, Mahim, Mumbai - 400 016.

INDEPENDENT AUDITOR’S REPORT

To

Auditor’s ResponsibilityThe Members of TJSB Sahakari Bank Limited Our responsibility is to express an opinion on these

financial statements based on our audit. We Report on the Financial Statements

conducted our audit in accordance with the We have audited the accompanying financial

Standards on Auditing issued by the Institute of statements of TJSB SAHAKARI BANK LTD. (“the

Chartered Accountants of India. Those Standards Bank”), which comprise the Balance Sheet as at

require that we comply with ethical requirements March 31, 2014, the Profit and Loss Account and the

and plan and perform the audit to obtain Cash Flow Statement for the year then ended, a

reasonable assurance about whether the financial summary of significant accounting policies and

statements are free from material misstatement. other explanatory information. These financial statements incorporate the returns of 90 branches

An audit involves performing procedures to obtain and other departments which have been certified by

audit evidence about the amounts and disclosures the management and independently reviewed by

in the financial statements. The procedures selected the concurrent auditors of those branches and

depend on the auditor’s judgement, including the departments.

assessment of the risk of material misstatement of the financial statements, whether due to fraud or

Management’s Responsibility for the Financial error. In making those risk assessments, the auditor

Statementsconsiders internal control relevant to the Bank’s

Management is responsible for the preparation of preparation and fair presentation of the financial

these financial statements that give a true and fair statements in order to design audit procedures that

view of the financial position, financial are appropriate in the circumstances but not for the

performance and cash flows of the Bank prepared in purpose of expressing an opinion on the

accordance with the Multi-state Co-operative effectiveness of the entity’s internal control. An

Societies Act, 2002, and the Rules made thereunder, audit also includes evaluating the appropriateness

the Banking Regulation Act, 1949 (as applicable to of accounting policies used and the reasonableness

co-operative societies) and the accounting of the accounting estimates made by the

principles generally accepted in India, including the management, as well as evaluating the overall

Accounting Standards issued by the Institute of presentation of the financial statements. We believe

Chartered Accountants of India (ICAI). This that the audit evidence we have obtained is

responsibility includes the design, implementation sufficient and appropriate to provide a basis for our

and maintenance of internal controls relevant to the audit opinion.

preparation and presentation of the financial statements that give a true and fair view and are free

Opinionfrom material misstatement, whether due to fraud

In our opinion and to the best of our informationor error.


and according to the explanations given to us, the Account and the Cash Flow Statement dealt financial statements, give the information required with by this report are in agreement with the by the Multi-State Co-operative Societies Act, 2002 books of account and returns.and Rules framed thereunder and the Banking d. As required by Section 30(3) of the Banking Regulation Act, 1949 in the manner so required and Regulation Act, 1949, we further report that give a true and fair view in conformity with the the transactions of the Bank, which have accounting principles generally accepted in India: come to our notice, have been within the

powers of the Bank.(a) In the case of the Balance Sheet, of the state of

affairs of the Bank as at March 31, 2014; 2. In addition to Para 1 above, as required by Rule 27(2)(d) and (e) of the Multi-state Co-operative

(b) In the case of the Profit and Loss Account, of Societies Rules, 2002, we further report that: the profit for the year ended on that date; a. In our opinion and according to information and and explanations given to us, there has been

no material impropriety or irregularity in (c) In the case of the Cash Flow Statement, of the the expenditure or in the realisation of

cash flows for the year ended on that date. money due to the Bank;b. In our opinion and according to information

Emphasis of matter and explanations given to us, the guidelines We draw attention to Note no. II. G of Notes to issued by the Reserve Bank and National Accounts which emphasizes the need for Agriculture and Rural Development Bank strengthening of internal controls and concurrent established under the National Agriculture audit mechanisms. Our opinion is not qualified in and Rural Development Bank Act, 1981 (61 respect of this matter. of 1981) have generally been adhered to.

Report on other Legal and Regulatory 3. As required by Rule 27(3)(a) to (f) of the Multi-Requirements state Co-operative Societies Rules, 2002, we 1. As required under Section 73(4) of the Multi - give in the Annexure, a schedule on the matters

state Co-operative Societies Act, 2002, and the specified in that Rule.Banking Regulation Act, 1949, we report that:a. We have obtained all the information and

explanations which to the best of our knowledge and belief were necessary for the purpose of our audit;

b. In our opinion, proper books of account as required by the said Acts, Rules framed thereunder and the Bye - laws, have been kept by the Bank so far as appears from our examination of those books and proper returns adequate for the purpose of our audit have been received from the branches and offices not visited by us;

c. The Balance Sheet, the Profit and Loss


FRN - 103264W

Mr. Rahul JoglekarPartner

Statutory AuditorMembership No. 129389

Place : ThaneDated : 9th April 2014


As required by the Rule 27(3) of the Multi-state Co-operative Societies Rules, 2002, we report on the matters specified in clauses (a) to (f) of the said Rule to the extent applicable to the Bank.

a. During the course of our audit, we have not come across transactions which e. During the course of our audit, we have not appear to be contrary to the provisions of come across any significant and material the Act, the rules or the bye-laws of the violations of guidelines, conditions etc. Bank. issued by the Reserve Bank and National

Agriculture and Rural Development Bank.b. During the course of our audit, we have not

come across transactions which appear to be f. To the best of our knowledge, no other contrary to the guidelines issued by the matters have been specified by the Central Reserve Bank of India and National Registrar which require reporting under this Agriculture and Rural Development Bank. Rule.

c. The following monies due to the Bank appear to be doubtful of recovery against which a provision of 10392.20 Lacs is made in the accounts. (Advances categorized as doubtful and loss assets as per prudential norms are considered as doubtful of recovery)

d. As per the information provided to us and to the best of our knowledge, the following credit facilities have been sanctioned by the Bank to the members of the Board or their relatives:

TJSB SAHAKARI BANK LTD. stFINANCIAL YEAR ENDED 31 MARCH 2014

ANNEXURE TO INDEPENDENT AUDITOR’S REPORT AS REQUIRED UNDER MULTI-STATE CO-OPERATIVE SOCIETIES RULES, 2002

(Referred to in our report of even date on the accounts of stTJSB SAHAKARI BANK LTD. as at 31 March 2014)

Category

Doubtful Assets

Loss Assets

7,950.44

2,164.51

Outstanding on 31.03.2014 ( Lacs)

Funds Based Amount

outstanding ( Lacs)

50.56

Security Value

( Lacs)

Overdues,if any

( Lacs)

76.35 NIL


FRN - 103264W


Statutory Auditor Membership No. 129389

Place : ThaneDated : 9th April 2014


( in Thousands)

31.03.2014 31.03.2013

A Cash Flow from operating Activities Net Profit after Tax (before Appropriation)

Add:

Income Tax

Interest on Borrowings

Provision for Bad & Doubtful Debts

Contingent Provision against Standard Assets

Special Reserve u/s. 36(1) (viii) of the Income Tax Act, 1961

Loss on Sale of Assets

Amortisation of Premium on Securities

Deferred Tax

Expenditure Provisions & Contingencies

Provision for Restructed Advance

Loss on Sale of HTM securities

Premium on G-Sec Maturity

Bad Debts Written Off

Depreciation and Amortisation on Fixed Assets

Less :

Expenditure Provision & Contingencies Written Back

Profit on Sale of HTM Securities

Profit on Sale of Assets

Forex Deal Provision - Spot / Swap

Income from Sale of Securities

BDDR Written Back

Deferred Tax

Adjustments for :Increase in Deposits and Other AccountsIncrease / (Decrease) in Other LiabilitiesIncrease in Advances(Increase)/Decrease in Other Assets(Increase)/ Decrease in InvestmentsCash Generated from Operations Income Tax paid

Cash Generated from Operating Activities

63

93,52,34

.

42,66,86

13,77,91

9,75,00

1,50,00

-

18,13

3,13,32

-

90,81

3,72,18

-

1,65,71

42,17

15,16,90

.

-

-

7,22

76,78

6,37,07

42,17

5,68,34

.8,85,83,921,30,36,99

(6,73,66,93)(32,90,70)

(5,95,14,32)(2,85,51,04)

(31,03,07)

92,88,99

13,31,58

(3,16,54,11)

(1,43,44,36)

74,99,09

.

22,18,08

11,93,13

7,00,00

3,00,00

3,25,00

30,07

2,17,46

1,13,09

51,70

93,82

49,42

3,92,30

9,57

14,46,14

.

8,67,83

75,17

2,23

45,63

2,28,52

9,57

-

.9,63,19,10

15,75,84(7,60,67,72)

1,42,32(2,20,37,96)

(68,42)(26,23,27)

71,39,78

12,28,95

(26,91,69)

1,07,18,23

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2014st

Particulars


CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2014( in Thousands)

31 March 2014 31 March 2013

B Cash Flow from Investing Activities

Purchase of Fixed Assets

Sale of Fixed Asset

Cash Generated from Investing Activities

Total 7,18,35,21

C Cash Flow from Financing Activities

Share Capital issued (Net)

Dividend paid

Increase / (Decrease) in Borrowings

Interest paid on Borrowings

Cash Generated from Financing Activities

D Net Increase in Cash & Cash Equivalents (A+B+C)

E Cash & Cash Equivalents at the beginning of the year

Break-up of Cash & Cash Equivalents

Cash in hand

Balances with Banks:

In Current Accounts

In Deposits Accounts

.

(21,52,00)

24,02

.

(21,27,98)

.

14,68,21

(9,04,58)

(75,98,60)

(12,57,31)

.

(82,92,28)

2,97,97

7,15,37,24

7,18,35,21

As at

31.03.2013

27,51,97

3,26,37,49

3,64,45,75

For TJSB Sahakari Bank Ltd.

As per our report of even date



Statutory Auditor Mem.No. 129389FRN : 103264W

Date : 09.04.2014


Mr. V.A. VaishampayanChairman

Mr. C. N. MenonVice Chairman

64

.

(13,14,62)

14,51

.

(13,00,11)

.

12,55,17

(11,48,64)

88,87,49

(14,10,02)

.

75,84,00

(80,60,47)

7,18,35,21

6,37,74,74

6,37,74,74

As at

31.03.2014

31,51,09

3,49,03,36

2,57,20,30

Cash & Cash Equivalents at the end of the year (D+E)

Particulars


Mr. V. M. PatkiDirector

(

in L

acs)

SR

.N

O.

PA

RT

ICU

LA

RS

31/0

3/20

1031

/03/

2011

31/0

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1231

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2013

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1 2 3 4 5 6 7 8 9 10

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142,

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36

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89

167,

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97

352,

868.

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4,41

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5,51

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182,

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93

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87.3

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11

264,

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35

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6,00

9.34

46,6

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8,67

8.27

22,1

35.4

8

27,3

65.2

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226,

442.

70

530,

816.

21

340,

076.

51

631,

126.

40

7,49

9.09

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9,93

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0

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5

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23

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400.

13

407,

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27

756,

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9,35

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MP

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.

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*

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R

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DE

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S

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4

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LA

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31/

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5.48

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107.

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6743rd Annual Report 70 43 Jee Jeeef<e&keÀ DenJeeue69

Sr No.

Bye Law No.

Text of present Bye LawText of Bye-Law after incorporation of proposed Amendments

Purpose for amending Bye-Law

1 6 FUNDS :- FUNDS :-

The Bank may receive Funds from any or all of the following sources:

The Bank may receive Funds from any or all of the following sources:

In view of the Reserve Bank of India’s Guidelines

Share Capital

Admission Fee

Subscriptions

Deposits, Debentures,

Preference Shares and/or any

other instruments

Loans, Overdrafts and

Advances, Refinance, Line

of Credit or by availing

Rediscounting Facilities from

other financial institutions

Donations, Grants- in-aid,

Subsidies etc.

Contributions

Profit, Interest, Rent, Service

charges, Commissions etc .

Dividend

Any other means as may be

permitted by the Reserve

Bank of India and / or the

Central Registrar from time

to time

i)

ii)

iii)

iv)

v)

vi)

vii)

viii)

ix)

x)

Share Capital

Admission Fee

Subscriptions

Deposits, Debentures,

Preference Shares,

Long Term (Subordinated)

Deposits (LTDs) and/ or any

other instruments

Loans, Overdrafts and

Advances, Refinance, Line

of Credit or by availing

Rediscounting Facilities from

other financial institutions

Donations, Grants- in-aid,

Subsidies etc.

Contributions

Profit, Interest, Rent, Service

charges, Commissions etc.

Dividend

Any other means as may be

permitted by the Reserve

Bank of India and / or the

Central Registrar from time

to time

i)

ii)

iii)

iv)

v)

vi)

vii)

viii)

ix)

x)

43 Jee Jeeef<e&keÀ DenJeeue7143rd Annual Report 70

12000

10000

8000

6000

4000

2000

02010 2011 2012 2013 2014

4478.8

1

5463.4

5

6985.1

5

8708.9

3

10268.0

1

BUSINESS-MIX

800

700

600

500

400

300

200

100

0

2010 2011 2012 2013 2014

331.0

2

428.9

8

496.1

1

581.0

4

667.1

9

OWNED FUNDS( in Crores)( in Crores)

7000.00

6000.00

5000.00

4000.00

3000.00

2000.00

1000.00

0.00

2010 2011 2012 2013 2014

2799.7

3

347

1.5

8

43

44

.97

53

08

.16

61

94

.00

DEPOSITS

4500

4000

3500

3000

2500

2000

1500

1000

500

02010 2011 2012 2013 2014

1679.0

8

1991.8

8 26

40

.18

34

00

.77

40

74

.01

ADVANCES( in Crores)( in Crores)


2

1

0

2010 2011 2012 2013 2014

1.4

1

1.3

0

1.2

9 1.3

1

1.4

1

RETURN ON ASSET (%)

4

3

2

1

0

2010 2011 2012 2013 2014

3.7

2

3.7

3

3.5

0

3.4

0

3.4

6

NET INTEREST MARGING (%)

18

16

14

12

10

8

6

4

2

0

2010 2011 2012 2013 2014

15

.47

15

.64

15

.03

13

.48 15

.05

CAPITAL ADEQUACY (%)

5.00

4.50

4.00

3.50

3.00

2.50

2.00

1.50

1.00

0.50

0

2010 2011 2012 2013 2014

GROSS NPA & NET NPA (%)

4.6

4

3.4

2

2.6

3 3.3

2 3.5

8

0 0 0 00.4

GROSS NPA NET NPA

7243rd Annual Report

Documents

ìerpesSmedyeer menkeÀejer yeBkeÀ efue. - TJSB Bank · 1. To read and confirm the minutes of the Annual General Meeting held on 30th June 2013. 2. To approve the Annual Report placed