BalanceSheet 2011 - maharashtra gramin bank
BalanceSheet 2011 - maharashtra gramin bank BalanceSheet 2011 - maharashtra gramin bank
8) As per RBI Directives, bank had made provision for interest receivable on ADWDR-08 at the rates applicable to 364 days T-Bill. Total provision so made was Rs. 1,97,28,716 against which government has paid interest of only Rs. 34,45,000/-. Balance amount of Rs. 1,62,83,716/-is not expected to be recovered and has been debited to Profit and Loss a/c. 9) REPO TRANSACTIONS: Securities sold under Repos Securities purchased under reserve Repos Minimum Outstanding during the year Maximum outstanding during the Year Daily average outstanding during the year As on 31 st March 2011 - - - - - - - - - - - - - - - - 10) No provision has been made for Interest payable on RD at all 9 branches audited by us. Amount and its impact on profit is not quantifiable. 11) Details of Financial Assets sold to Secularization (SC) / Reconstruction Company (RC) for Assets Reconstruction: Sr. No. Particulars Current Year Previous Year 1. No. of Accounts - - - - 2. Aggregate value (net of provisions) of accounts sold to - - - - SC/ RC 3. Aggregate consideration - - - - 4. Additional consideration realized in respect of accounts - - - - transferred in earlier years 5. Aggregate gain/ loss over net book value - - - - 12) At many branches, physical cash balance and book cash balance does not tally. Difference amount is lying in system suspense a/c. 13) Subvention claim receivable from Government under various schemes have been accounted for on the basis of calculations made by a) Old software Autobank and b) programe designed by PMO for subvention calculation. As observed during the course of audit by all branch auditors, calculations provided by PMO software are entirely wrong. Bank has explained that they will rework the entire claim amount and based on it, claimed will be lodged with Government. Amount of claim booked as of now is not correct. 14) Other notes enclosed herewith in Annexure I forms an integral part of our audit report. a) Details of Non-Performing Financial Assets purchased /sold is "Nil"
(Rs. Lakh) Sr. Particulars Current Year Previous Year 1(a) No. of accounts purchased / sold during the year - - - - (b) Aggregate outstanding - - - - 2(a) Of these, number of account restructured during the year - - - - (b) Aggregate outstanding - - - - b) Provision On Standard Asset (Rs. Lakh) Sr. Particulars Current Year Previous Year Provisions towards Standard Assets 566 566 15) CAPITAL: NABARD vide letter no. NB.IDD/-/CRAR Committee/ 2010-11 dated June 25, 2010 sanctioned recapitalization support of Rs. 104 crore to the bank, out of which Rs. 94 crore were to be received in current year and Rs. 10 crore were to be received in next year. However, during the year bank has received Rs. 6.80 crore from State Government and Rs. 15.87 crore from sponsor bank. Department of Financial Services, Ministry of Finance, Government of India vide letter no. F.No. 3/8/2010-RRB (i) dated March 31, 2011 ordered to release Rs. 22.67 crore to the bank. Accordingly, cheque of Rs. 22.67 crore is said to have been deposited in RBI a/c of the bank. Based on order of the Central Government, bank has made provision for recapitalization support receivable by corresponding credit to Share Capital Deposit a/c. The Capital Adequacy Ratio calculated in terms of the guidelines issued by RBI is as under: Sr.No. Items 31.03.2011 31.03.2010 1 CRAR % 9.07% 6.78% 2 CRAR - Tier I Capital % 8.62% 5.53% 3 CRAR - Tier II Capital % 0.45% 1.25% 4 % of the holding of the Government of India/ State Government / BoM 5 Amount of subordinated debt raised as Tier II Capital 50%, 15%, 35% 50%, 15%, 35% -- --
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- Page 23 and 24: Sr. No. Name Period 1 A A Magdum, C
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(Rs. Lakh)<br />
Sr. Particulars Current<br />
Year<br />
Previous<br />
Year<br />
1(a) No. of accounts purchased / sold during the year - - - -<br />
(b) Aggregate outstanding - - - -<br />
2(a) Of these, number of account restructured during the year - - - -<br />
(b) Aggregate outstanding - - - -<br />
b) Provision On Standard Asset (Rs. Lakh)<br />
Sr. Particulars Current Year Previous Year<br />
Provisions towards Standard Assets 566 566<br />
15) CAPITAL:<br />
NABARD vide letter no. NB.IDD/-/CRAR Committee/ 2010-11 dated June 25, 2010<br />
sanctioned recapitalization support of Rs. 104 crore to the <strong>bank</strong>, out of which Rs. 94<br />
crore were to be received in current year and Rs. 10 crore were to be received in next<br />
year. However, during the year <strong>bank</strong> has received Rs. 6.80 crore from State<br />
Government and Rs. 15.87 crore from sponsor <strong>bank</strong>.<br />
Department of Financial Services, Ministry of Finance, Government of India vide letter<br />
no. F.No. 3/8/2010-RRB (i) dated March 31, <strong>2011</strong> ordered to release Rs. 22.67 crore to<br />
the <strong>bank</strong>. Accordingly, cheque of Rs. 22.67 crore is said to have been deposited in RBI<br />
a/c of the <strong>bank</strong>. Based on order of the Central Government, <strong>bank</strong> has made provision<br />
for recapitalization support receivable by corresponding credit to Share Capital<br />
Deposit a/c.<br />
The Capital Adequacy Ratio calculated in terms of the guidelines issued by RBI is as under:<br />
Sr.No.<br />
Items<br />
31.03.<strong>2011</strong> 31.03.2010<br />
1 CRAR % 9.07% 6.78%<br />
2 CRAR - Tier I Capital % 8.62% 5.53%<br />
3 CRAR - Tier II Capital % 0.45% 1.25%<br />
4 % of the holding of the Government of<br />
India/ State Government / BoM<br />
5 Amount of subordinated debt raised as<br />
Tier II Capital<br />
50%, 15%, 35% 50%, 15%, 35%<br />
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