funs’kd eaMy - Bombay Stock Exchange · 4- funs'kd eaMy dh fjiksVZ / Directors' Report 16-43 ... ksDrk igpku i=@iSu dkMZ@ikliksVZ@MªkbÇox ykblsal vkfn dks lkFk esa ykus

funs’kd eaMy / Board of Directors

dk;Zdkjh funs’kdJh eqds”k dqekj tSuExecutive Director

Sh. Mukesh Kumar Jain

dk;Zdkjh funs’kdJh vjfoUn dqekj tSu

Executive DirectorSh. Arvind Kumar Jain

Jh ,l-vkj- esgjSh. S.R. Mehar

Jh çnhIr- ds- tsukSh. Pradipta K. Jena

Jh lat; oekZSh. Sanjay Verma

v/;{k ,oa izca/k funs’kdJh tfrUnjchj flag] vkbZ-,-,l-

Chairman & Managing DirectorSh. Jatinderbir Singh, I.A.S.

Jhefr vuhrk d.kkZojSmt. Anita Karnavar

Jh ,e-,l- lkjaxSh. M.S. Sarang

Jh lq[ksu iky ccwrkSh. Sukhen Pal Babuta

Jh vruq lsuSh. Atanu Sen

Punjab & Sind Bank

Annual Report 2015-16 1

fo"k;&lwph / Contents

i`"B la[;k / Page No.

1- mYys[kuh; rF; / Highlights 2

2- funs”kd eaMy / Board of Directors 3

3- uksfVl / Notice 4-15

4- funs'kd eaMy dh fjiksVZ / Directors' Report 16-43

5- dkWiksZjsV izca/ku fjiksVZ / Corporate Governance Report 44-87

6- ckly&II o ckly&III ds varxZr izdVhdj.k / Disclosure under Basel - II & Basel - III 88-161

7- foRrh; foojf.k;ka / Financial Statements:

Lora= ys[kk ijh{kdksa dh fjiksVZ / Independent Auditors’ Report 162-165

rqyu&i= / Balance Sheet 166-167

ykHk&gkfu [kkrk / Profit & Loss Account 166-169

vuqlwfp;k¡ / Schedules 170-231

udnh izokg fooj.k&i= / Cash Flow Statement 232-235

8- izkWDlh izk#i / Proxy Form 236-237

9- mifLFkfr iphZ / Attendance Slip 238-239

iatkc ,.M fla/ cSad

okf"kZd fjiksVZ 2015-162

mYys[kuh; rF; / Highlights

#i, yk[kksa esa / Rupees. in lacs

fnukad 31-03-2016 dks / As on 31.03.20161- tek Deposits 91249962- ldy vfxze Gross Advances 65277223- izkFkfedrk {ks= vfxze Priority Sector Advances 24507974- ldy fuos'k Gross Investments 27693405- ifjpkyu ykHk Operating Profit 1269896- 'kq) ykHk Net Profit 335977- vkfLr;ksa ij izfrQy (%) Return on Assets (%) 0.34%8- “kq) ,u-ih-,- vuqikr (%) Net NPA Ratio (%) 4.62 % 9- iwaath i;kZIrrk vuqikr (%) (cklsy&II) Capital Adequacy Ratio (%) (Basel-II) 11.75%10- iwaath i;kZIrrk vuqikr (%) (cklsy&III) Capital Adequacy Ratio (%) (Basel-III) 10.91%

Punjab & Sind Bank


cksMZ funs'kd / Board of Directors

v/;{k ,oa izca/k funs'kdJh tfrUnjchj flag] vkbZ-,-,l-

Chairman & Managing DirectorSh. Jatinderbir Singh, I.A.S.

dk;Zdkjh funs'kd dk;Zdkjh funs'kd Jh eqds'k dqekj tSu Jh vjfoUn dqekj tSuExecutive Director Executive DirectorSh. Mukesh Kumar Jain Sh. Arvind Kumar Jain

funs'kd @ Directors

Jh ,l-vkj- esgj Jh çnhIr ds- tsuk Jh lat; oekZ Jhefr vuhrk d.kkZojSh. S.R. Mehar Sh. Pradipta K. Jena Sh. Sanjay Verma Smt. Anita Karnavar

Jh ,e-,l- lkjax Jh lq[ksu iky ccwrk Jh vruq lsuSh. M.S. Sarang Sh. Sukhen Pal Babuta Sh. Atanu Sen

egkizca/kd / General Managers

Jh vkbZ-,l- HkkfV;k Jh ,e-th- JhokLro Jh nhid eSuh Jh th-,l- <Yy Sh. I.S. Bhatia Sh. M.G. Srivastava Sh. Deepak Maini Sh. G.S. Dhall

Jh Mh-Mh- 'kekZ Jh ohjsUnz xqIrk Jh ,l-lh- Dok=k Jh th-,l- ukjax¼izfrfu;qfDr ij½

Sh. D.D. Sharma Sh. Varinder Gupta Sh. S.C. Kwatra Sh. G.S. Narang (On Deputation)

Jh gjfoUnj flag Jh vkj- ds- caly Jh jfeUnjthr flag Jh th-,l- <haxjkSh. Harvinder Singh Sh. R.K.Bansal Sh. Raminderjit Singh Sh. G.S. Dhingra

ys[kk ijh{kd / Auditors

eSllZ frokjh ,.M ,lksf'k,Vl eSllZ f<+Yyksa ,.M ,lksf'k,VlM/s Tiwari & Associates M/s Dhillon & Associates

eSllZ /kou ,.M da- eSllZ nfoUnj iky flag ,.M da-M/S Dhawan & Co. M/S Davinder Pal Singh & Co.

iatkc ,.M fla/ cSad


iatkc ,.M ÇLk/k cSad¼Òkjr Lkjdkj dk miØe½

Á/kku dk;kZy; % 21 &jktsUæ IysLk] ubZ fnYyh 110008www.psbindia.com

_______________________________________________________________________________________

uksfVl

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en la-1- cSad ds 31 ekpZ 2016 ds ys[kk ijhf{kr rqyu&i=] 31 ekpZ 2016 dk ykHk&gkfu ys[kk] ys[kksa esa lekfgr vofèk esa dk;Zfu"iknu

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2- foÙkh; o"kZ 2015&16 ds fy, 'ks;jksa ij ykHkka'k dk vuqeksnu o ?kks"k.kkA

;g Hkh lwfpr fd;k tkrk gS fd okÆ"kd lkekU; cSBd esa Ã&oksV@oksV nsus ds ik= 'ks;jèkkjdksa ds ukeksa dk irk yxkus ds fy, vafre frfFk¼dV v‚Q MsV½ 21-06-2016 fuèkkZfjr dh gSA ¼d½ okÆ"kd lkekU; cSBd ds flyflys esa 'ks;j&èkkjdksa ds jftLVj rFkk cSad dh 'ks;j varj.k cqd fnukad 22-06-2016 ls 28-06-2016 rd] ftlesa nksuks fnu lfEefyr gSa can jgsxh rFkk ¼[k½ NBoÈ okÆ"kd lkekU; cSBd esa ?kksf"kr vafre ykHkka'k] ;fn dksÃ gS rks çkIr djus okys 'ks;jèkkjdksa dh ik=rk dk fuèkkZj.k fd;k tk,xkA

funs'kd eaMy ds vkns'kkuqlkj

LFkku % ubZ fnYyh tfrUnjchj flag fnukad % 18 ebZ] 2016 v/;{k ,oa çca/k funs'kd

Punjab & Sind Bank


Punjab & Sind Bank (A Government of India Undertaking)

Head Office : 21 – RAJENDRA PLACE, NEW DELHI -110008www.psbindia.com

_______________________________________________________________________________________

NOTICE

Notice is hereby given that the Sixth Annual General Meeting of Shareholders of Punjab & Sind Bank will be held on Tuesday, the 28th June, 2016 at 10.00 a.m. at India International Centre, 40-Max Mueller Marg, Lodi Estate, New Delhi-110003 to transact the following business:

Item No.

1. To discuss, approve and adopt the Financial Results viz. Audited Balance Sheet and Profit & Loss Accounts of the Bank for the year ended 31st March 2016, Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and Auditors' Report on the Balance Sheet and Accounts.

2. To approve and declare dividend on Equity Shares for the financial year 2015-16.

Notice is also given that the Bank has fixed 21.06.2016 as the ‘Cut-Off date’ to ascertain names of shareholders who shall be entitled to e-vote / vote at the Annual General Meeting and to receive dividend. Further, the Register of shareholders and the share transfer books of the Bank will remain closed from 22.06.2016 to 28.06.2016 (both days inclusive) in connection with (a) the Annual General Meeting and (b) to determine the entitlement of shareholders to receive dividend declared, if any, at the Sixth AGM.

By Order of the Board of Directors

Place : New Delhi Jatinderbir Singh Date : 18 May, 2016 Chairman & Managing Director

iatkc ,.M fla/ cSad


fVIif.k;ka

1- ç‚Dlh dh fu;qfä

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2- vf/k—r çfrfuf/k dh fu;qfDr

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3- iathdj.k] mifLFkfr iphZ rFkk ços'k iphZ

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4- 'ks;j varj.k ,tsUVksa ds lkFk i=&O;ogkj

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fyad buVkbe bafM;k çk-fy- ;wfuV&iatkc ,.M fla/k cSad] 44] dEI;qfuVh lsUVj] nwljh eafty] ukjk;.kk vkS|ksfxd {ks=] Qst&I utnhd ih-oh-vkj- ukjk;.kk] ubZ fnYyh&110 028- Qksu 011 41410592] 41410593 bZ&esy% [email protected]

'ks;jèkkjd ftuds ikl 'ks;j vHkkSfrd :i esa gSa] ls vuqjksèk gS fd os vius bZ&esy irs] Mkd irs] cSad fooj.k esa ifjorZu@vn~;ru ;fn gks rks] vius fMi‚ft+V‚jh lgHkkxh dks lkjk laçs"k.k bySDVª‚fud ekè;e ls çkIr djus ds fy, lwfpr djsaA

Punjab & Sind Bank


NOTES1. APPOINTMENT OF PROXY: A Shareholder entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote instead of

himself/herself and such proxy need not be a shareholder of the Bank. No person shall be appointed as a proxy who is an officer or employee of Punjab & Sind Bank as per provisions of Punjab

& Sind Bank (Shares and Meetings) Regulations, 2008. As per the regulation 70 (vi) of Regulations, the grantor of an instrument of proxy shall not be entitled to vote in person at the meeting to which such instrument relates.

The Proxy Form (Annexure-‘A’) in order to be effective must be received at Punjab & Sind Bank, Head Office Accounts & Audit Department, Shares Cell, 21-Rajendra Place, New Delhi-110 008, at least four days before the date of the Annual General Meeting i.e. on or before the closing hours of the Bank at 5.00 p.m. on 23.06.2016 (Thursday) together with the Power of Attorney or other authority, if any, under which it is signed or a copy of that Power of Attorney or other authority certified as a true copy by a Notary Public or a Magistrate unless such Power of Attorney or other authority has been previously deposited and registered with the Bank.

2. APPOINTMENT OF AN AUTHORISED REPRESENTATIVE : No person shall be appointed as authorised representative who is an officer or employee of Punjab & Sind Bank as per

provisions of Punjab & Sind Bank (Shares and Meetings) Regulations, 2008. No person shall be entitled to attend or vote at the meeting as a duly authorized representative of a company or any other

Body Corporate which is a shareholder of the Bank, unless a copy of the Resolution appointing him/her as a duly authorized representative, certified to be true copy by the Chairman of the meeting at which it was passed, shall have been received at Punjab & Sind Bank, Head Office Accounts & Audit Department, Shares Cell, 21-Rajendra Place, New Delhi-110 008, at least four days before the date of the Annual General Meeting, i.e. on or before the closing hours of the Bank at 5.00 p.m. on 23.06.2016 (Thursday).

3. REGISTRATION, ATTENDENCE SLIP AND ENTRY SLIP: In order to facilitate the shareholders attending the meeting, Registration process will commence from 9.00 a.m. on

28.06.2016, at the venue. Shareholders are requested to be present for the meeting well in advance, to complete the Registration formalities.

For the convenience of the shareholders, attendance slip and entry pass is annexed (Annexure-‘B’) to this notice. Shareholders/Proxy Holders/Authorised Representatives are requested to fill in, affix their signatures at the space provided therein and surrender the same at the venue and thereafter entry slip shall be issued to them. Proxy/Authorised Representative of a shareholder should state on the attendance slip as ‘Proxy' or ‘Authorised Representative' as the case may be. Shareholders / Proxy holders / Authorised Representatives may note that the admission to the meeting will be subject to verification / checks, as may be deemed necessary and they are advised to carry valid proof of identity viz., Voters ID Card / Employer Identity Card / Pan Card / Passport / Driving license etc. Ballot paper for poll will be issued against surrendering of entry pass.

4. COMMUNICATION WITH THE SHARE TRANSFER AGENT: Shareholders holding shares in physical form are requested to intimate changes/update, if any, in their email address,

postal address, bank details etc. to Share Transfer Agent of the Bank at the following address to receive all communication through electronic mode:

Link Intime India Pvt Ltd. Unit: Punjab & Sind Bank 44, Community Centre, 2nd Floor, Naraina Industrial Area, Phase-I, Near PVR Naraina, NEW DELHI-110 028. Ph: 011 41410592, 41410593 email: [email protected] Shareholders holding shares in dematerialised form are requested to intimate changes/ update, if any, in their email address,

postal address, bank details etc. to their depository participants, to receive all communication through electronic mode.

iatkc ,.M fla/ cSad


5- ykHkka'k dk Hkqxrku

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8- Qksfy;ksa dk lesdu

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9- 'ks;j /kkjdksa ls vuqjks/k

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;g ç'kaluh; gksxk fd 'ks;jèkkjd vius ç'u] ;fn dksÃ gSa] le; ls i;kZIr igys daiuh lfpo] iatkc ,.M Çlèk cSad] ç-dk- 'ks;j d{k] 21] jktsaæ Iysl] uÃ fnYyh&110008 ds ikl çsf"kr djs ;k [email protected] ij esy djsA

10- 'ks;j /kkjdksa ds erkf/kdkj

vfèkfu;e dh èkkjk 3¼2Ã½ esa fn, x, çkoèkkuksa dh 'krks± ds vuqlkj dsaUæ ljdkj ds vykok] cSad dk dksÃ Hkh 'ks;jèkkjd vius }kjk èkkjd 'ks;j] cSad ds lHkh 'ks;j èkkjdksa ds dqy erkfèkdkj dk 10 çfr'kr ls vfèkd 'ks;j j[krk gS rks og erkfèkdkj dk ik= ugÈ gksxkA

cSad lHkh 'ks;jèkkjdksa dks ,tsaMk enksa ds fy, Ã&oksÇVx dh lqfoèkk çnku dj jgk gSA ok-lk-cS- dh Ã&oksV] oksV dh ik=rk dh vafre fnukad¼dV v‚Q MsV½ 21-06-2016 gSA Ã&oksÇVx dh vofèk 25-06-2016 dks iwokZà 10-00 cts çkjaHk gksxh vkSj 27-06-2016 dks vijkà 5-00 cts rd gksxhA blds i'pkr Ã&oksV ugÈ dh tk ldsxhA y‚xbu vkÃMh] ikloMZ] i|fr vuqcaèk esa nh xÃ gSA

Punjab & Sind Bank


5. PAYMENT OF DIVIDEND The Board of Directors of the Bank in its meeting held on 10.05.2016 recommended a dividend of Rs.1.65 (Rupee One and

paise sixty five only) per equity share of Rs. 10/- each fully paid up, for the financial year 2015-16. Dividend as recommended by the Board of Directors, on approval and declaration at the Sixth Annual General Meeting will be paid as under:

a. To all beneficial owners in respect of shares held in electronic form as per the data as may be made available by the National Securities Depository Services Ltd. (NSDL) / Central Depository Services (India) Ltd. (CDSL) as of the close of business hours on 21.06.2016.

b. To all the members in respect of shares held in physical form after giving effect to valid transfers, if any, in respect of transfer requests lodged with the Bank/ Bank’s Share Transfer Agent, i.e., Link Intime India Pvt. Ltd. on or before the close of business hours, i.e. 5.00 p.m. on 21.06.2016.

c. The dividend will be distributed to the eligible shareholders within thirty days from the date of Sixth Annual General Meeting.

6. DIVIDEND MANDATE / CHANGE OF ADDRESSa) Beneficial Owners holding shares in electronic form are hereby informed that Bank particulars registered against their

respective depository account will be used by the Bank for payment of dividend. The Bank or its Share Transfer Agent can not act on any request received directly from the shareholders holding shares in electronic form for any change of bank particulars or bank mandate. Such changes are to be advised only to their Depository Participant.

b) Shareholders holding shares in physical form are requested to advise any change of address, bank details immediately to the Bank’s Share Transfer Agent, i.e. Link Intime India Pvt. Ltd. Shareholders holding shares in electronic form must send the advice about change in address, bank details to their respective Depository Participant only and not to the Bank or Bank’s Share Transfer Agent.

c) Shareholders are requested to invariably quote their respective folio number/s (for those holding shares in physical form) and their respective DP ID / Client ID number (for those holding shares in electronic form) in any correspondence with the Bank or Bank’s Registrar and Share Transfer Agent.

7. UNPAID/UNCLAIMED DIVIDEND, IF ANY The shareholders who have not encashed their dividend warrants for the previous years are requested to approach

the Banks’ Share Transfer Agent at aforesaid address or at Banks’ Shares Cell at Head Office, 21- Rajendra Place, New Delhi-110008.

8. CONSOLIDATION OF FOLIOS: The shareholders, who are holding shares in identical order of names in more than one folio, are requested to intimate to

Link Intime India Pvt. Ltd. (RTA), the ledger folio of such accounts together with the share certificate(s) to enable the Bank to consolidate all the holdings into one folio. The share certificate(s) will be returned to the Shareholders after making necessary endorsement in due course.

9. REQUEST TO SHAREHOLDERS: Shareholders / Proxy holders / Authorised Representatives are requested to bring their copies of the Annual Report to the

Annual General Meeting. No copy of the Annual report shall be provided at the venue of the Annual General Meeting. It will be appreciated if shareholders submit their queries, if any, sufficiently in advance to The Company Secretary, Punjab

& Sind Bank, HO Shares Cell, 21 Rajendra Place, New Delhi-110008 or email to [email protected].

10. VOTING RIGHTS OF SHAREHOLDERS: In terms of the provisions of Section 3 (2E) of the Act, no shareholder of the Bank, other than the Central Government shall

be entitled to exercise voting rights in respect of any shares held by him / her in excess of ten per cent of the total voting rights of all the shareholders of the Bank.

The Bank is offering e-voting facility for agenda items to all shareholders. The Cut-off date for eligibility to e-vote/vote at AGM is 21.06.2016. The e-voting period shall commence on 25.06.2016 from 10.00 a.m. and end on 27.06.2016 up to 5.00 p.m. beyond which shareholders cannot e-vote. Details for log-in ID, password, procedure is annexed.

iatkc ,.M fla/ cSad


ftu 'ks;jèkkjdksa us Ã&oksV fd;k gS okÆ"kd lkekU; cSBd esa Hkkx ys ldrs gSa Çdrq ernku esa Hkkx ugÈ ys ldrsA ;fn mUgksaus ernku ds ekè;e ls er dk ç;ksx fd;k rks ml ij fopkj ugÈ fd;k tk,xkA

11- 'ks;j d{k

'ks;jèkkjdksa dks rhoz ,oa çHkkoh lsok çnku djus ds fy, cSad us çèkku dk;kZy; esa 'ks;j d{k dh LFkkiuk dh gSA 'ks;j/kkjd fuEu irs ij fdlh çdkj dh lgk;rk ds fy, laidZ dj ldrs gSa&

daiuh lfpo] iatkc ,.M fla/k cSad] ç/kku dk;kZy;] ys[kk ,oa ys[kk ijh{kk foHkkx ¼'ks;j d{k½ 21&jktsUæ Iysl] izFke ry] ubZ fnYyh&110008 VsfyQksu % 011&25782926] 25812922

bZ&esy : [email protected]

12- vU; tkudkjh

'ks;jèkkjd —i;k tku ysa fd lHkk esa fdlh Hkh çdkj dk migkj@migkj dwiu ugÈ fn;k tk,xkA

dM+h lqj{kk ds dkj.kksa ls gky ds Hkhrj czhQ dsl] [kk| inkFkZ rFkk futh oLrq,a ys tkuk euk gSA blfy, cSBd esa mifLFkr gksus okys lHkh O;fä vius lkeku dh lqj{kk dh O;oLFkk Lo;a djsaA


LFkku % ubZ fnYyh tfrUnjchj flagfnukad % 18 ebZ] 2016 v/;{k ,oa Áca/k funs'kd

Punjab & Sind Bank


The shareholders who have e-voted can participate in the AGM but cannot participate in poll. Incase they vote through poll, the same will not be considered.

11. SHARES CELL In order to facilitate quick and efficient service to the shareholders, the Bank has set up a Shares cell at its Head Office, New

Delhi, Shareholders may contact this Cell at the under mentioned address for any assistance : The Company Secretary, Punjab & Sind Bank, Head Office, Accounts & Audit Department (Shares Cell) 21 Rajendra Place, 1st floor, New Delhi-110008 Telephone: 011-25782926, 25812922 E-mail: [email protected].

12. OTHER INFORMATION Shareholders may kindly note that no gift/gift coupons will be distributed at the meeting. Due to strict security reasons, brief cases, eatables and other belongings are not allowed inside the hall. Persons attending

the meeting are, therefore, advised to make their own arrangements for the safe keeping of their articles.

By Order of the Board of Directors

Place : New Delhi Jatinderbir Singh Date : 18 May, 2016 Chairman & Managing Director

iatkc ,.M fla/ cSad


bZ&oksfVaxiatkc ,.M fla/k cSad dh NBoha okf"kZd lkekU; cSBd ds fy, bZ&oksfVax

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lnL;ksa gsrq bySDVªkfud fofèk ls oksÇVx gsrq funsZ'k fuEukuqlkj gSa %&

¼i½ fnukad 25-06-2016 dks çkr% 10 cts ernku vofèk tkjh gksxh vkSj fnukad 27-06-2016 dks lk;adky 5-00 cts lekIr gks tk,xhA bl vofèk ds nkSjku cSad dk 'ks;jèkkjd ftlds ikl vafre frfFk 21-06-2016 dks 'ks;j HkkSfrd :i esa vFkok vHkkSfrd :i esa gSa] viuk ernku ÃySDVª‚fud :i ls dj ldrk gSA mlds ckn lh,lMh,y }kjk ernku çfØ;k jksd nh tk,xhA

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gsrq ernku dj fn;k gS rks viuk orZeku ikloMZ dk ç;ksx djsaA

¼vii½ ;fn vki çFke okj ernku dj jgs gSa rks fuEu fn, x, dneksa dk vuqlj.k djs%

MhesV :i rFkk HkkSfrd :i esa 'ks;j/kkjdksa gsrq

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ykHkka'k cSad fooj.k

MhesV [kkrs esa ;k daiuh ds MhesV [kkrs@ Qksfy;ks esa ntZ fjd‚MZ ds vuqlkj viuk ykHkka'k cSad fooj.k çfo"V djsaAÛ —i;k tUefrfFk ;k ykHkk¡'k cSad fooj.k y‚xbu djus gsrq djsaA ;fn fooj.k fMi‚ftVjh ;k daiuh ds ikl

iath—r ugh gSa rks —i;k ykHkka'k cSad fooj.k QhYM esa lnL; vkÃMh@Qksfy;ksa la[;k tSlk fd ¼iv½ esa mYysf[kr gS] çfo"V djsaA

¼viii½ bu fooj.kksa dks çfo"V djus ds i'pkr~] "SUBMIT" Vsc ij fDyd djsaA

¼ix½ lnL; ftuds ikl HkkSfrd #i esa 'ks;j gSa] lsysD'ku LØhu ij lhèks igq¡p ldrs gSaA tcfd lnL; ftuds ikl MhesV #i esa 'ks;j gSa ÞikloMZ fØ,'ku fodYiß esa igq¡psaxs tgk¡ muds }kjk y‚fxu ikloMZ ] u, ikloMZ LFkku esa cny dj nsuk vko';d gSA —i;k è;kuiwoZd uksV djsa fd ;g ikloMZ] MhesV èkkjdksa }kjk] fdlh Hkh daiuh] ftlesa og oksV nsus ds fy, leFkZ gS] tcfd og daiuh ftlesa CDSL }kjk Ã&oksÇVx djokuh gks] ç;ksx fd;k tk ldrk gSA vkidks xaHkhjrk ls lykg nh tkrh gS fd viuk ikloMZ fdlh vU; O;fä dks u crk,a rFkk vius ikloMZ dks xksiuh; j[ksaA

¼x½ lnL; ftuds ikl 'ks;j HkkSfrd :i esa gSa] fooj.k dk dsoy mi;ksx bl uksfVl esa Ã&ernku gsrq fn, x, elkSns esa fd;k tk ldrk gSA

¼xi½ iatkc ,.M Çlèk cSad gsrq ÞEVSNß ij fDyd djsa ftldks vki ernku djuk pkgrs gSaA

Punjab & Sind Bank


E-VotingE-Voting for the Sixth Annual General Meeting of Punjab & Sind Bank

In terms of Rule 20 of Companies (Management and Administration) Rules, 2014 as amended from time to time, Bank shall provide facility of e-Voting, through CDSL, to the shareholders for the Sixth AGM.

The instructions for shareholders voting electronically are as under:

(i) The voting period begins on 25.06.2016 at 10.00 a.m. and ends on 27.06.2016 at 5.00 p.m. During this period shareholders’ of the Bank, holding shares either in physical form or in dematerialized form, as on the cut-off date 21.06.2016, may cast their vote electronically. The e-voting module shall be disabled by CDSL for voting thereafter.

(ii) The shareholders should log on to the e-voting website www.evotingindia.com.

(iii) Click on Shareholders.

(iv) Now Enter your User ID

a. For CDSL: 16 digits beneficiary ID,

b. For NSDL: 8 Character DP ID followed by 8 Digits Client ID,

c. Members holding shares in Physical Form should enter Folio Number registered.

(v) Next enter the Image Verification as displayed and Click on Login.

(vi) If you are holding shares in demat form and had logged on to www.evotingindia.com and voted on an earlier voting of any company, then your existing password is to be used.

(vii) If you are a first time user follow the steps given below:

For Members holding shares in Demat Form and Physical FormPAN Enter your 10 digit alpha-numeric PAN issued by Income Tax Department (Applicable for both demat share-

holders as well as physical shareholders)

• Members who have not updated their PAN with the Company/Depository Participant are requested to use the sequence number which is printed on Postal Ballot/Attendance Slip indicated in the PAN field.

DOB Enter the Date of Birth as recorded in your demat account or in the company records for the said demat ac-count or folio in dd/mm/yyyy format.

Dividend Bank Details

Enter the Dividend Bank Details as recorded in your demat account or in the company records for the said demat account or folio.

• Please enter the DOB or Dividend Bank Details in order to login. If the details are not recorded with the depository or company please enter the member id / folio number in the Dividend Bank details field as mentioned in instruction (iv).

(viii) After entering these details appropriately, click on “SUBMIT” tab.

(ix) Members holding shares in physical form will then directly reach the Company selection screen. However, members holding shares in demat form will now reach ‘Password Creation’ menu wherein they are required to mandatorily enter their login password in the new password field. Kindly note that this password is to be also used by the demat holders for voting for resolutions of any other company on which they are eligible to vote, provided that company opts for e-voting through CDSL platform. It is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential.

(x) For Members holding shares in physical form, the details can be used only for e-voting on the resolutions contained in this Notice.

(xi) Click on the EVSN for Punjab & Sind Bank on which you choose to vote.

iatkc ,.M fla/ cSad


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¼xiii½ ;fn vki lHkh çLrkoksa dks ns[kuk pkgrs gSa rc ÞfjtksY;w'ku Qkby Çydß dks fDyd djsaA

¼xiv½ oksV djus ds çLrko dks pquus ds i'pkr SUBMIT ij fDyd djsaA ,d iqf"V c‚Dl ogk fn[ksxk] ;fn vki iqf"V djuk pkgrs gSa rks ÞOKß ij fDyd djsa vkSj ;fn viuk oksV cnyuk pkgrs gSa rks CANCEL ij fDyd djsa vkSj bl çdkj vki viuk oksV cny ldrs gSaA

¼xv½ ;fn vki çLrko ij ,d ckj viuk oksV dj nsrs gSa rc vkidks mls cnyus dh vuqefr ugÈ gksxhA

¼xvi½ vki vius }kjk fd, x, ernku dk ÇçV Hkh ernku i`"B ij ÞÇçV ysus gsrq ;gka fDyd djsaß ij fDyd dj ys ldrs gSaA

¼xvii½ ;fn MhesV [kkrkèkkjd viuk ifjoÆrr ikloMZ Hkwy x;k gS rc ;wtj vkÃMh vkSj Ãest lR;kiu dksM dks çfo"V djsa vkSj Hkwys gq, ikloMZ ij fDyd djsa rFkk ç.kkyh }kjk ekaxs x, fooj.k dks çfo"V djsaA

¼xviii½ voS;fDrd 'ks;jèkkjd rFkk vfHkj{kdksa gsrq uksV

Û voS;fDRkd 'ks;jèkkjd ¼tSls oS;fDrd ls vyx] Çgnw la;qä ifjokj] ,uvkjvkÃ vkfn½ vkSj vfHkj{kdksa dks www.evotingindia.com y‚xbu djuk gksxk vkSj d‚iksZjsV ds :i esa Lo;a dks iath—r djkuk gksxkA

Û iathdj.k dh LdSu d‚ih ftl ij laLFkk dh eksgj rFkk gLrk{kj gksus pkfg,] dks [email protected] ij Ã&esy dj nsuk pkfg,A

Û y‚xbu fooj.k çkIr gksus ds ckn admin y‚xbu vkSj ikloMZ dk mi;ksx dj vuqikyu ;wtj fØ,V dj ysuk pkfg,A vuqikyu ;wtj [kkrk¼vksa½ dks Çyd djus es leFkZ gksxk ftlds fy, oks ernku djuk pkgrs gSaA

Û lHkh [kkrksa dh lwph [email protected] dks esy dj nsuh pkfg, vkSj [kkrksa dh Loh—fr çkIr gksus ds ckn] oks ernku djus esa leFkZ gksaxsA

Û vfHkj{kd ds i{k esa muds }kjk tkjh i‚oj v‚Q vVkuÊ vkSj cksMZ ladYi dh LdSuM çfr] ;fn dksÃ gS] dks ihMh,Q çk:i esa ç.kkyh esa viyksM djuk pkfg, rkfd Nkuchu djus okyk mldks lR;kfir dj ldsA

¼xix½ O;fä;ksa ftUgksaus 'ks;j [kjhns gSa vkSj uksfVl dks çsf"kr djus ds ckn Hkh Ã&oksÇVx gsrq mijksä çfØ;k viuk ldrs gSaA

fVIi.kh% ;fn dksÃ lnL;a¼vksa½ vius oksV nksuksa vFkkZr HkkSfrd :i ;k Ã&oksÇVx ls ernku djrk gS rks Ã&oksÇVx ds ekè;e ls fd;k x;k ernku ekU; jgsxk rFkk HkkSfrd ernku dks vuns[kk dj fn;k tk,xkA ;|fi ftl 'ks;jèkkjd us us Ã&oksÇVx ds ekè;e ls viuk oksV fn;k gS og lkekU; cSBd esa lgHkkfxrk dj ldrk gS Çdrq iksy esa oksV ugÈ dj ldrkA

Jh nhid xqIrk] dk;Zjr daiuh lfpo¼lhoh ua- 4629½ dks bySDVª‚fud oksÇVx çfØ;k ds fy, vads{kd fu;qDr fd;k x;k gS] tks i{k ;k foi{k esa Mkys x, oksVksa dh fjiksVZ rS;kj djsaxs rFkk bls cSBd laiUu gksus ds rhu fnuksa ds Hkhrj vè;{k] okÆ"kd lkekU; cSBd dks lacafèkr fjiksVZ çLrqr djsaxs(

vè;{k }kjk ?kksf"kr ifj.kke ds lkFk vads{kd dh fjiksVZ dks cSad dh osclkbV rFkk lhMh,l,y dh osclkbV ij ifj.kke dh ?kks"k.kk ds rqjar ckn Mky fn;k tk,xk(

i;kZIr oksV dh çkfIr ij ladYi dks okÆ"kd lkekU; cSBd ds fnu ikfjr ekuk tk,xk(

cSBd dh lwpuk www.psbindia.com rFkk www.cdslindia.com ij Hkh çnÆ'kr gSA

;fn Ã&oksÇVx ds lanHkZ esa vkidk dksÃ ç'u vFkok ftKklk gS rks ckj&ckj iwNs tkus okys ç'u ¼ÞFAQsß½ ij tk,a rFkk lgk;rk vuqHkkx ds varxZr [email protected] ij Ã&oksÇVx esuqvy miyCèk gS ;k [email protected] dks Ã&esy djsa ;k Jh osuflly‚l QqjVsMks ¼Wenceslaus Furtado½] fMIVh çcaèkd] CDSL] 16oka ekyk] ih-ts- V‚oj] nyky LVªhV] QksVZ] eqEcÃ&400001] nwjHkk"k ua- 18002005533 ;k Jh Hkkjr Hkw"k.k] ,lksf'k,V mikè;{k] Çyd ÃuVkbe çk- bafM;k fyfeVsM] 44] dE;wfuVh lsaVj] f}rh; ry] ukjk;.kk vkS|ksfxd {ks=] Qst&1] uÃ fnYyh&28 nwjHkk"k ua- 011&41410592]41410593 ;k [email protected] dks Ã&esy djsaA

Punjab & Sind Bank


(xii) On the voting page, you will see “RESOLUTION DESCRIPTION” and against the same the option “YES/NO” for voting. Select the option YES or NO as desired. The option YES implies that you assent to the Resolution and option NO implies that you dissent to the Resolution.

(xiii) Click on the “RESOLUTIONS FILE LINK” if you wish to view the entire Resolution details.

(xiv) After selecting the resolution you have decided to vote on, click on “SUBMIT”. A confirmation box will be displayed. If you wish to confirm your vote, click on “OK”, else to change your vote, click on “CANCEL” and accordingly modify your vote.

(xv) Once you “CONFIRM” your vote on the resolution, you will not be allowed to modify your vote.

(xvi) You can also take print out of the voting done by you by clicking on “Click here to print” option on the Voting page.

(xvii) If Demat account holder has forgotten the changed password then Enter the User ID and the image verification code and click on Forgot Password & enter the details as prompted by the system.

(xviii) Note for Non – Individual Shareholders and Custodians

• Non-Individual shareholders (i.e. other than Individuals, HUF, NRI etc.) and Custodian are required to log on to www.evotingindia.com and register themselves as Corporates.

• A scanned copy of the Registration Form bearing the stamp and sign of the entity should be emailed to [email protected].

• After receiving the login details a compliance user should be created using the admin login and password. The Compliance user would be able to link account(s) for which they wish to vote on.

• The list of accounts should be mailed to [email protected] and on approval of the accounts they would be able to cast their vote.

• A scanned copy of the Board Resolution and Power of Attorney (POA) which they have issued in favour of the Custodian, if any, should be uploaded in PDF format in the system for the scrutinizer to verify the same.

(xix) Person who have acquired shares and become members after despatch of notice may also use the above given procedure for remote e-voting.

Note: In case member(s) cast their vote both via Physical Ballot and e-voting, then voting done through e-voting shall prevail and voting done by Physical Ballot will be ignored. However, shareholder(s) who have casted their vote through e-voting can participate in General Meeting but cannot vote in poll.

Mr. Deepak Gupta, Practicing Company Secretary (CP No. 4629) has been appointed as the scrutinizer to the electronic voting process and for poll at the Annual General Meeting, who shall prepare and submit its report of the votes cast in favour or not in favour/ against, to the Chairman of the Annual General Meeting within 3 days of the conclusion of the meeting;

The results declared along with the scrutinizer’s report shall be placed on the website of the Bank and on the website of CDSL immediately after the result is declared by the Chairman;

Subject to receipt of the sufficient votes, the resolution(s) shall be deemed to be passed on the date of the Annual General Meeting;

Notice of the meeting is also displayed at www.psbindia.com and www.cdslindia.com.

In case you have any queries or issues regarding e-voting, you may refer the Frequently Asked Questions (“FAQs”) and e-voting manual available at www.evotingindia.com under help section or write an email to [email protected] or call Mr. Wenceslaus Furtado, Deputy Manager, CDSL, 16th floor, P.J Tower, Dalal Street, Fort, Mumbai-400001, Phone-18002005533 or Call Mr. Bharat Bhushan, Associate Vice President, Link Intime India Pvt. Ltd, 44-Community Centre, 2nd floor, Naraina Indl Area, Phase-I, New Delhi-28 Phone-41410592, 41410593 or write an email to [email protected].

iatkc ,.M fla/ cSad


funs'kd eaMy fjiksVZ 2015&16funs'kd eaMy fnukad 31 ekpZ] 2016 dks lekIr o"kZ dh okÆ"kd fjiksVZ] rqyu&i= rFkk ykHk&gkfu [kkrs dks g"kZ ds lkFk çLrqr djrk gSAçcaèku fopkj& foe'kZ ,oa fo'ys"k.k vkÆFkd ifj–';%,d o"kZ igys tc vkÆFkd losZ{k.k vkSj ctV çLrqr fd;k x;k Fkk] Hkkjrh; vFkZO;oLFkk o`gr vkÆFkd LFkkf;Ro dks cgky djus esa çkIr ykHkksa dks lesfdr djus esa lQy gqÃ gSA bl dfBu nkSj esa Hkkjr o`gr LFkkf;Ro dk vkJ; cuk gqvk gS ftlesa eqækLQhfr] jktdks"kh; ?kkVk vkSj pkyw [kkrk ?kkVk lHkh {kh.k gks x, gSaA gkykafd ?kVrh&c<rh xfr ls vkÆFkd o`f) cgky gksrs fn[kkÃ ns jgh gS] vkSj 2014&2015 ds 7-2% dh rqyuk esa vkÆFkd fodkl dh nj 7-6% gksus dh laHkkouk gSA fiNys o"kZ dh rqyuk esa —f"k {ks= esa csgrj ifj.kke dh laHkkouk gS vkSj 2015&2016 esa 1-7% dh o`f) fjd‚MZ dh tkus dh vk'kk gSA m|ksx us çkFkfed #i ls fofuekZ.k esa egRoiw.kZ fodkl çnÆ'kr fd;k gS vkSj o"kZ 2015&2016 esa vkÃvkÃih ds fy, var%o`f) dh Hkfo";ok.kh 4-3% dh xÃ gSA bl nkSjku lsok {ks= esa rsth ls foLrkj gks jgk gSaA o"kZ 2015&2016 ds fy, lhihvkÃ vkèkkfjr eqækLQhfr fu;a=.k ds lkFk 5-00% ds Hkhrj jgus dh Hkfo";ok.kh dh xÃ gS vkSj Fkksd ewY; lwpdkad ¼WPI½ vkèkkfjr eqækLQhfr uoacj 2014 ls udjkRed {ks= ¼&1-8%½ esa jgh gSA o"kZ 2014&2015 dh 4-2% dh thMhih dh rqyuk esa o"kZ 2015&2016 esa jktdks"kh; ?kkVk thMhih ds 4-00% rd fxjus dh laHkkouk gSA ewY; fLFkjrk esa Hkjkslk c<k gS ,oa lksuk vk;kr o`gÙk#i ls fLFkj gqvk gSA pkyw [kkrs ds ?kkVs esa deh vk;h gS vkSj fons'kh eqæk Hk.Mkj us yxHkx 350 fcfy;u ;w,l M‚yj ds vius loksZPp Lrj dks Nw fy;k gSA o"kZ 2014&2015 ds vçSy& fnlacj ds 21-9 fcfy;u M‚yj dh rqyuk esa ,QMhvkÃ varokZg o"kZ 2015&2016 esa mlh vofèk esa c<dj 27-7 fcfy;u M‚yj gks x;k gSA vkÃ,e,Q us gekjs ns'k dks lqLr oSfÜod vFkZO;oLFkk ds chp esa ,d ^czkÃV Li‚V* crk;k gSA nks o"kZ dh ekulwu esa 13% dh de ckfj'k gksus rFkk oSfÜod çfrdwy n'kk ds ckotwn] ;g lao`f) çkIr dh xÃ gSA ;|fi] Hkfo"; esa bl lao`f) ds lEeq[k dÃ pqukSfr;ka gSA oSfÜod eanh ds vkus okys tksf[ke vkSj leL;k,a] Hkfo"; esa oLrqvksa dh dherksa esa mrkj&p<+ko] fo'ks"kr;k rsy] lkrosa osru vk;ksx dk vfrfjä jktdks"kh; Hkkj ds vfrfjä fodflr ds lkFk&lkFk fodkl'khy ns'kksa dks vFkZO;oLFkk dh {kerk ds vuqlkj fQj ls dqy ekax ds lekuqikr fuos'k vkjaHk djuk gksxkA ;|fi] Hkkjr ljdkj] Hkkjrh; fjtoZ cSad vkSj vU; lacafèkr ,tsafl;ka bu leL;kvksa ds lekèkku gsrq leqfpr mik; dj jgs gSaA Hkkjr esa cSaÇdx {ks= ds lkFk&lkFk gekjk cSad Hkh mUufr dj jgk gSA ;|fi] gekjs lkeus dqN eq[; leL;k,a gSa vkSj vkfLr xq.koÙkk cSad ds lkeus ,d xEHkhj leL;k gSA tek ykxr esa deh vkSj vkfLr;ksa ij çfrQy esa lqèkkj] ,uvkÃ,e esa o`f) dh pqukSrh ds lkFk iwath i;kZIrrk] ykHkçnrk ncko esa gSA pqukSfr;ksa dk lkeuk djus gsrq fofHkUu Lrjksa ij dÃ rjg ds mik; fd, jgs gSaA

dk;Z&fu"iknu ifj.kkedqy O;kikjfnukad 31-03-2015 dks cSad ds #- 151511 djksM+ dh rqyuk esa o"kZ 31-03-2016 dh lekfIr ij cSad ds dqy O;kikj esa 3-31% dh o`f) ntZ dh xÃ tksfd #-156527 djksM+ jgkAykHkfoÙkh; o"kZ 2014&2015 ds nkSjku #- 121-35 djksM+ dh rqyuk esa cSad us o"kZ 2015&2016 ds nkSjku #- 335-97 djksM+ dk 'kq) ykHk ntZ fd;kA o"kZ 2014&15 ds 0-13% dh rqyuk esa vkfLr;ksa ij çfrQy 0-34% jgkA

31 ekpZ] 2016 d¨ LkekIr o"kZ ds ifj.kke a dh Áeq[k ckrsajkf”k yk[kksa esa

LkekIr o"kZ Áfr'kr esa ifjorZu31-03-2016 31-03-2015

C;kt dh vk; 874434 858855 1-81vU; vk; 47848 42875 11-60dqy vk; 922282 901730 2-28dqy O;; 795293 824185 &3-51ifjpkyu ykHk 126989 77545 63-76'kq) ykHk 33597 12135 176-86vkfLr;ksa ij çfrQy 0-34% 0-13%'kq) C;kt ekÆtu ¼,u-vkÃ-,e-½ 2-22% 1-80%ldy vutZd vkfLr;ka 6-48% 4-76%'kq) vutZd 4-62% 3-55%iwath i;kZIrrk vuqikr ¼cklsy II½ 11-75% 11-88%iwath i;kZIrrk vuqikr ¼cklsy III½ 10-91% 11-24%çfr 'ks;j vk; ¼#-½ 8-39 3-59

Punjab & Sind Bank


DIRECTORS’ REPORT 2015-16The Board of Directors has pleasure in presenting the Annual Report of the Bank along with the Balance Sheet & Profit and Loss Account for the year ended 31st March, 2016.MANAGEMENT DISCUSSION AND ANALYSIS:ECONOMIC OUTLOOKSince the Economic Survey and Budget were presented a year ago, the Indian economy has continued to consolidate the gains achieved in restoring macroeconomic stability. Inflation, the fiscal deficit, and the current account deficit have all declined, rendering India a relative haven of macro stability in these turbulent times. Economic growth appears to be recovering, albeit at varying speeds across sectors and the growth of Economy expected having accelerated to 7.6% as against 7.2% in 2014-15. Agriculture is likely to perform better than last year and expected to record a growth of 1.7% in 2015-16. Industry has shown significant improvement primarily on account of acceleration in manufacturing and the median growth forecast for IIP has been put at 4.3% for 2015-16. Meanwhile, services continue to expand rapidly. The CPI based Inflation remains under control with a median forecast of 5.0% for 2015-16 and the Wholesale Price Index (WPI) based inflation has been put at (-1.8%), remaining in Negative territory since November 2014. The fiscal deficit has been expected to decline from 4.2% of GDP in 2014-15 to 4% of GDP in 2015-16. Confidence in price stability has improved, gold imports have largely stabilized. The current account deficit has declined and Foreign Exchange reserves touched highest ever level of about 350 billion US Dollars. FDI inflows have grown from 21.9 billion dollar in April-December 2014-15 to 27.7 billion dollar to the same period in 2015-16.

Our country has been held as a ‘bright spot’ amidst a slowing global economy by IMF. This growth has been achieved despite very unfavorable global conditions and two consecutive years shortfall in Monsoon by 13%. However, there are challenges before the growth in future. Risks of further global slowdown and turbulence, future movements in the commodity prices, especially oil, ability of developed as well as developing economies to once again initiate investments in aggregate demand besides the likely additional fiscal burden due to seventh pay commission. However, the Government, RBI and other concerned agencies are undertaking suitable measures for facing the same.

The Banking sector in India is growing, so is our Bank. However, there are some major issues before us. Assets quality remain a serious cause of concern for the Bank and Capital Adequacy, Profitability is under pressure along with greater challenge in increasing the NIM, decreasing the Cost of Deposit and improving the Return on Assets. Different measures at different levels are being taken up to face the challenges.

WORKING RESULTSTOTAL BUSINESSDuring the year ended 31.03.2016, total Business of the Bank recorded an increase of 3.31% at Rs.156527 crore as compared to Rs.151511 crore as on 31.03.2015.

PROFITThe Bank recorded a Net Profit of Rs.335.97 crore for the year 2015-16 as compared to that at Rs.121.35 crore during the FY 2014-15. The Return on Assets (ROA) stood at 0.34% as compared to that at 0.13% in the year 2014-15.

HIGHLIGHTS OF RESULTS FOR THE YEAR ENDED 31ST MARCH 2016 (Rs. in Lac)

Year Ended %age change31.03.2016 31.03.2015

Interest Income 874434 858855 1.81Other Income 47848 42875 11.60Total Income 922282 901730 2.28Total Expenditure 795293 824185 -3.51Operating profit 126989 77545 63.76Net Profit 33597 12135 176.86ROA 0.34% 0.13%Net Interest Margin (NIM) 2.22% 1.80%Gross NPA 6.48% 4.76%Net NPA 4.62% 3.55%Capital Adequacy Ratio (Basel II) 11.75% 11.88%Capital Adequacy Ratio (Basel III) 10.91% 11.24%EPS (Rs.) 8.39 3.59

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iwath ,oa vkjf{kfr;k¡fnukad 31-03-2015 dks cSad dh fuoy ekfy;r #- 4811-56 djksM+ ls c<+ dj fnukad 31-03-2016 dks #-5068-08 djksM+ gks xÃA fnukad 31-03-2016 dks cSad dk iwath i;kZIrrk vuqikr ¼cklsy III½ 10-91% gS tksfd fuèkkZfjr U;wure iwath i;kZIrrk vuqikr 9-625% ds fo#) gSA

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tek o`f)cSad dh dqy tek jkf'k;ksa esa 31 ekpZ] 2016 dks 5-23% dh o`f) gqÃ] ftlls #- 4535-24 djksM+ dh lao`f) ds lkFk ;g #- 91249-96 djksM+ gks xÃ tksfd fnukad 31-03-2015 dks #- 86714-72 djksM+ FkhA fnukad 31-03-2016 dks cSad dh vkSlr tek ykxr 7-47% jgh tksfd foxr o"kZ 8-21% FkhA

vfxze fnukad 31-03-2016 dks cSad ds dqy vfxze 0-74% dh o`f) ds lkFk #- 65277-22 djksM+ jgs tksfd fnukad 31-03-2015 dks #- 64796-42 djksM+ FksA fnukad 31-03-2016 ds vuqlkj vfxzeksa ij vkSlr çfrQy 10-70% jgk tksfd foxr o"kZ 11-12% FkkA

çkFkfedrk {ks= vfxzecSad jk"Vªh; çkFkfedrk ds varxZr fofHkUu y{;ksa dks fujarj egRo nsrk jgsxkA çkFkfedrk {ks= ds varxZr dqN eq[;&eq[; ckrsa fuEu çdkj gS%

fnukad 31-03-2015 dks çkFkfedrk {ks= vfxze #- 20234 djksM+ dh rqyuk esa o"kZ 31-03-2016 dh lekfIr ij #- 4274 djksM+ ¼21-12%½ dh o`f) ntZ djrs gq, #-24]508 djksM+ gks x,A

fnukad 31-03-2016 dks o"kZ nj o"kZ 2-31% o`f) ds lkFk çkFkfed {ks= vfxze ,,uchlh ds 34-55% ls c<dj 36-86% gks x;kA

fnukad 31-03-2015 dks cSad ds —f"k vfxze esa #- 9064 djksM+ dh rqyuk esa o"kZ 31-03-2016 dh lekfIr ij #- 2101 djksM+ ¼23-18%½ dh o`f) ntZ dh tks #-11165 djksM+ gks x,A

vkjchvkÃ ds fuèkkZfjr y{; 7-00% dh rqyuk esa cSad dk NksVs vkSj lhekar fdlkuksa dks vfxze #- 4663 djksM+ jgk tksfd dqy vfxze dk 7-01% gSA

foÙkh; o"kZ 2015&2016 esa o"kZ nj o"kZ ds 15-69% dh o`f) ds lkFk cSad dk —f"k {ks= esa _.k dk çokg #- 9056 djksM+ dh rqyuk esa #- 10012 djksM+ ¼110-56%½ jgkA

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31-03-2015 o"kZ ds var esa xzkeh.k fodkl ea=ky; }kjk rhu esa ls nks vkj,lÃVhvkÃ tksfd eksxk vkSj QjhndksV esa gSa] dks loksZPp xzsM ÂA* fn;k x;k vkSj mUgsa xzkeh.k csjkstxkj ;qodksa ds çf'k{k.k nsus gsrq ljdkjh vuqnku çkIr djus ds fy, ik= cuk;k x;k gSA

çkFkfedrk {ks= ds fn'kkfunsZ'k ij Ã&cqd rS;kj dj bls cSad ds osclkbV ij viyksM dj fn;k x;k gSA

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Punjab & Sind Bank


CAPITAL & RESERVEThe Net Worth of the Bank has improved from Rs.4811.56 crore as on 31.03.2015 to Rs.5068.08 crore as on 31.03.2016. The Capital Adequacy Ratio (Basel III) of the Bank is 10.91% as on 31.03.2016 against the minimum stipulated requirement of 9.625%.

UNSECURED REDEEMABLE BONDS: (Subordinated Debts for Tier –II Capital)Total outstanding of Tier II Bonds as on 31.03.2016 remains unchanged at Rs.1,325 crore.

DEPOSIT GROWTHThe total deposit of the Bank registered a growth of 5.23% with net accretion of Rs. 4535.24 crore to reach Rs. 91249.96 crore as on March 31, 2016 from Rs. 86714.72 crore as on March 31, 2015. The average cost of deposits of the bank stood at 7.47% as compared to 8.21% in previous year.

ADVANCESThe Bank’s Advances increased by 0.74% from Rs. 64796.42 crore as on 31.03.2015 to Rs. 65277.22 crore as on 31.03.2016. The average yield on advances stood at 10.70% as on 31.03.2016 compared to 11.12% during the last year.

PRIORITY SECTOR ADVANCESThe Bank continues to accord importance to various goals under national priority. Some of the highlights under Priority Sectors Advances are as under:

Total Priority Sector Advance increased to Rs. 24508 crore as on 31.03.2016 from Rs. 20234 crore as on 31.03.2015 registering a growth of Rs. 4274 crore (21.12%).

Total Priority Sector advance increased from 34.55% of ANBC to 36.86% of ANBC on Y-o-Y basis as on 31.03.2016, an increase of 2.31%.

Bank’s Agriculture advance increased by Rs. 2101 crore (23.18%) to Rs. 11165 crore as on 31.03.2016 from Rs. 9064 crore as on 31.03.2015.

Bank’s advance to Small & Marginal Farmers increased to Rs. 4663 crore which is 7.01% of total advance against the RBI stipulated target of 7.0%.

Bank’s flow of credit to agriculture for FY 2015-16 was to the tune of Rs. 10012 crore against the target of Rs. 9056 crore (110.56%) registering an Y-o-Y growth of 15.69%.

The Bank has issued RuPay Debit Cards in 1.84 lac KCC accounts against the total operative KCC accounts of 1.91 lac (94.02%) as on 31.03.2016.

The Bank has opened another 6 FLCs at block level in Punjab thus raising total number of FLCs to 12 as on 31.03.2016.

Two of three RSETI i.e. Moga and Faridkot were given highest grade ‘AA’ by Ministry of Rural Development for the year ended 31.03.2015 making them eligible for Govt grants for training of rural unemployed youth.

E-book on Priority Sector guidelines prepared and put on Bank’s website.

A comprehensive Booklet on documentation and appraisal of MSE loan prepared and put on Bank’s website.

The Bank has also achieved sub target for lending to Minority Community.

CREDIT MONITORING The Bank had setup a Control Room for proper and effective monitoring of large accounts and to check fresh slippages, with exposures above Rs. 50 lacs at HO level. To further strengthen the monitoring, separate Control Rooms have now been set up at Zonal Offices level to monitor all standard borrowal accounts from Rs.5.00 lac upto Rs. 50.00 lac. Restructuring of eligible cases are being undertaken as per Bank/RBI guidelines.In order to supplement the aforesaid, various policy related initiatives have also been taken by the Bank which inter-alia include implementation of Framework for Revitalizing Distressed Assets in the Economy for Early Recognition of Financial Distress, Prompt Steps for Resolution and Fair Recovery for lenders, guidelines on refinance by way of flexible structuring/take out financing, Classification and reporting of borrower as non-cooperative borrower etc.

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ih,etsMhokÃ esa dqN mR—"V miyfC/k;kW çkIr dh gSaA rRi'pkr] lkIrkfgd@ikf{kd ohlh cSBdksa esa thjks cSysal [kkrksa dks de djus] O;olkf;d çfrfufèk;ksa }kjk fd, x, ysu&nsuksa vkSj vkÃvkÃch,Q }kjk O;olkf;d çfrfufèk;ksa dks çek.khdj.k ds lacaèk esa gekjs cSad dh dÃ ckj ç'kalk dh xÃA

Û gekjs vkjvkjch ds O;olkf;d çfrfufèk vkÃvkÃch,Q }kjk 100% çekf.kr gSa vkSj gekjs cSad ds 98% ¼lHkh cSadksa ls T;knk½ O;olkf;d çfrfufèk bf.M;u baLVhVîwV v‚Q cSaÇdx ,aM Qkbusal }kjk çekf.kr gSaA

Û Hkkjrh; cSad la?k us iatkc ,.M Çlèk cSad dks vkjvkjch O;olkf;d çfrfufèk;ksa ds 100% çek.khdj.k vkSj gekjs cSad ds 95% O;olkf;d çfrfufèk ds çek.khdj.k ds fy, cèkkÃ;ka nh vkSj nwljs cSadksa dks iatkc ,.M Çlèk cSad dk vuqlj.k djus dh lykg nhA

Û cSad us foÙkh; lekos'ku ds varxZr foÙkh; lk{kjrk gsrq vkoafVr xkaoksa esa 32600 xzkeh.k O;fä;ksa ds fy, vc rd 516 ls vfèkd dSEiksa dk vk;kstu fd;kA rRi'pkr foÙkh; lekos'ku ds varxZr vkoafVr xkaoksa dks lfEefyr djus ds fy, cSad us foÙkh; lk{kjrk dSEiksa ds }kjk foÙkh; lk{kjrk çnku djus gsrq vfHk;ku pyk;kA

Û cSad us ,Vh,e@ekbØks ,Vh,e ds vksVkses'ku }kjk ih,etsMhokÃ vksoj Mªk¶V dks lQyrkiwoZd fØ;kfUor fd;k gSA orZeku esa 'kk[kkvksa ds ekè;e ls 81524 vksoj Mªk¶Vksa dh laLoh—fr nh xÃ gSA

Û gekjs ekbØks ,Vh,e ,Ãih,l vkSj #is fiuiSM l{ke gSa tks xzkeh.k xzkgdksa dks muds ck;kseSfVªd ;k #is MsfcV dkMZ }kjk var% vkSj varj cSad ysu&nsuksa dks djus esa lgk;rk djrs gSaA

Û çèkkuea=h eqæk ;kstuk ds varxZr #- 570 djksM+ ds fuèkkZfjr y{; dh rqyuk esa cSad us #- 465-85 djksM+ dk _.k fn;k tksfd dsihvkÃ ds 75% ds y{; dh rqyuk esa 81-73% jgkA eqæk _.k ds f'k'kq laoxZ ds varxZr #- 60 djksM+ ds y{; dh rqyuk esa cSad us #- 95-93 djksM+ laforfjr djrs gq, y{; dks ikj dj fn;kA

[kqnjk _.kcSad us vkØedrk ls [kqnjk _.k esa lkgl fd;k gS vkSj [kqnjk _.k [kaM ds varxZr mRiknksa dh uhfr dks mnkj cuk;k gS rFkk ckt+kj esa mRiknksa dks çfrLièkÊ cukus ds fy, C;kt njksa dks vkSfpR;iw.kZ cuk;k gSA cSad us foÙkh; o"kZ 2015&16 ds nkSjku rhu uÃ uoksUes"kh ;kstukvksa dks vkjaHk fd;k gS vFkkZr ih,lch vkoklh; _.k V‚i&vi ;kstuk] ih,lch ^xzks ,.M Iks* vkoklh; _.k ;kstuk rFkk dkS'ky _.k ;kstukAblds vfrfjä] vkokl _.k] v‚Vks _.k rFkk miHkksäk _.k {ks= ds varxZr ÞQsfLVoy cksukUtk Ldheß dk 'kqHkkjaHk fd;k x;kA fnukad 31-03-2016 dks [kqnjk _.k dk cdk;k 6492 djksM+ gS vkSj ftlds dkj.k fiNys o"kZ dh rqyuk esa] bl o"kZ ds nkSjku [kqnjk _.k esa 24 çfr'kr dh o`f) ntZ dh xÃAfnukad 31-03-2016 dks [kqnjk _.k] ldy vfxzeksa dk 9-93 çfr'kr FkkA

Punjab & Sind Bank


ACHIEVEMENTS UNDER PRADHAN MANTRI JAN DHAN YOJNA & MUDRA YOJNA• The Bank has opened 12.76 lac accounts through Branches and 351 BCs and mobilized CASA/FD/RD deposit of Rs.468.43 crore ,

with average deposit per account Rs.3672.

• Total Business generated by BCs is about Rs. 187 Crore, which include Recovery in 1659 NPA/TWO accounts amounting to Rs.6.96 crore.

• All our BCs worked whole heartedly to bring Insurance Business under three Social Security Schemes (PMJJBY, PMSBY & APY) and brought 1,41,101 policies during 2015-16 and also earned Rs.10.94 lac as commission for bringing this business.

• The Bank has received 107 lac entries under DBT/DBTL and amount received is Rs.407 crore, which forms part of CASA deposits and that too without any front end efforts. Bank has earned a revenue of Rs. 27 lacs up to March 2016 , under DBT/DBTL.

• During the financial year 2015-16, the Bank received sum of Rs.32.80 lacs as Miscellaneous income for 5.46 lac enrollments done through M/s Matrix Processing House.

• The Bank has so far received subsidy amount of Rs.27.45 lacs from UIDAI for 183 MicroATMs and subsidy claim for 27 more machines for Rs.4.05 lacs is under process with UIDAI. Our bank is one of few Public Sector Bank to receive such Subsidy from UIDAI for PoS machines. Out of 351 BC, 210 i.e. about 60% BCs have completed more than 2000 transactions.

• The Bank has introduced a system of awarding ten star performing BCs every quarter with cash rewards of Rs.1100/- and an appreciation letter.

• Some of our women BCs (out of total 351 BCs, 57 are women BCs) having outstanding performance.

• Total Zero Balance accounts in PMJDY are at 0.35% against industry average of 27% (lowest among all banks).

• Director, Mission office, DFS/MOF shared with all CMD/CEOs of bank, that PSB has achieved some remarkable milestones in PMJDY. Further our bank is appreciated many times during the weekly/fortnightly VC meetings for reducing zero balance accounts, BC transactions and Certification of BCs by IIBF.

• 100% BCs of our RRB are certified through IIBF and 98% BCs of our Bank are certified through Indian Institute of Banking & Finance (highest among all banks).

• The IBA has also congratulated Punjab & Sind Bank for achieving 100% certification of RRB BCs and 95% BCs certification of our Bank and exhorted other banks to emulate the achievements of the Punjab & Sind Bank.

• The Bank has so far organized more than 516 Camps for Financial Literacy in FI allotted villages covering 32600 rural persons. Further Bank has started campaign to cover all the FI allotted villages by imparting financial literacy through Financial Literacy Camps.

• The Bank has successfully implemented PMJDY OD through automation i.e. through ATMs/MicroATMs. At present 81524 ODs are sanctioned by the branches.

• Our MicroATMs are AEPS & RuPay PINPAD enabled, helping rural customers to do intra and inter Bank transactions using their biometrics or RuPay Debit cards.

• The Bank made advance to the tune of Rs. 465.85 crore against the target of Rs. 570 crore under Pradhan Mantri Mudra Yojana which is 81.73% against the KPI target of 75%. Bank made disbursement to the tune of Rs. 95.93 crore against the target of Rs. 60 crore under Shishu category of MUDRA loans, surpassing the given target.

RETAIL MARKETINGThe Bank aggressively ventured into Retail Lending and liberalized the policy for products under the Retail segment and rationalized the interest rates to make the products most competitive in the market. The Bank launched three new innovative schemes viz. PSB Housing Loan Top-up Scheme, PSB ‘Grow & Pay’ Housing Loan Scheme & Skill Loan Scheme during the FY 2015-16. Further, Festival Bonanza Scheme offering concessions under the Housing Loan, Auto Loan and Consumer Loan segments was launched. The Retail Lending outstanding as on 31.03.2016 is Rs 6492 crore and thereby, Retail Lending has registered a business growth of 24% over the previous year.

The percentage of Retail advances to gross advances was 9.93% as on 31.03.2016.

iatkc ,.M fla/ cSad


foi.ku ,oa chekcSad us Hkkjr ljdkj dh lksojsu xksYM ckUM ;kstuk esa Hkkx fy;kA cSad us Jà[kyk II esa vfHknku jkf'k ds vuq#i vfHknku çkIr djus okys vfHkdj.kksa esa NBk LFkku çkIr fd;k vkSj Jà[kyk III esa cSad us ik¡pok LFkku çkIr fd;kA cSad us cgqr cM+s cSadksa] lkoZtfud {ks= ds cSadksa ds lkFk&lkFk futh cSadksa dks ihNs NksM+rs gq, fof'k"V LFkku çkIr fd;k gSA

cSad us vkÃ-vkj-Mh-,-vkÃ- ds uohure fn'kk&funsZ'kksa ds vuqlkj d‚iksZjsV ,tsalh O;olk; ij uhfr cukÃ gSA

ubZ igy Û cSad us leLr dSisDl ,Vh,e esa ean –f"V okyksa ds fy, l‚Y;w'ku¼cksyus okys½ vkjEHk fd;kA Û cSad us y?kq Lrj dh Ãdkb;ksa ds fy, eqæk dkMZ vkjaHk fd;kAÛ cSad us #is MsfcV dkMZ ,oa ekLVj MsfcV dkMZ }kjk v‚uykbu [kjhnnkjh ds fy, Ã&d‚elZ dk lw=ikr fd;kA Û cSad us vkjchvkÃ ds fn'kkfunsZ'kksa ds vuqlkj lHkh çdkj ds #is vkSj ekLVj MsfcV dkMZ esa Ã,eoh fpi dkMZ tkjh djus dh 'kq#vkr dhA Û cSad us ,QMhvkj cdk;k] fuf"Ø;@vçHkkoh dklk@dsokÃlh lekiu vuqLekjd@_.k fd'rksa lacaèkh psrkouh@_.k C;kt nj esa

ifjorZu lwpuk gsrq ,l,e,l ,yVZ dh 'kq#vkr dhA Û cSad us Þthou çek.kß&isa'kuHkksxh }kjk ck;ksesfVªd lR;kiu] fjeksV IokbaV] ,oa fMftVy thou çek.k i= ftldk ,uvkÃlh ds dsUæh;

laxzg esa j[kj[kko fd;k tkrk gS] dks ykxw fd;k gSA Û cSad us 58 fof'k"V ,e,l,eÃ 'kk[kkvksa dks ukfer fd;k ftlls fof'k"V ,e,l,eÃ 'kk[kkvksa dh dqy la[;k 108 gks xÃ gSA Û cSad us ,e,lÃ _.k ds çys[khdj.k ,oa leh{kk gsrq ,d foLr`r cqdysV rS;kj dh gS vkSj bls osclkbV ij miyCèk djk fn;k gSA Û —f"k e'khuhdj.k tSls VªSDVj@dackbZu gkosZLVj@i‚oj fVyj@jhij@Vª‚yh@iqjkus VªSDVjksa@vkStkjksa bR;kfn gsrq foÙk iks"k.k ds fy,

uÃ ;kstuk ykxw dhA Û fdlkuksa ds fy, nksifg;k@thi@dkj@fo'ks"k ;wfVfyVh fOgdy¼,l;woh½ ds foÙk iks"k.k gsrq uÃ ;kstuk ykxw dh xÃA Û cSad us Þeqæk ;kstuk ds varxZr Ã& fjD'kkß ds foÙk iks"k.k gsrq ,d uÃ ;kstuk dh 'kq#vkr dhA Û cSad us eqæk _.k vkSj dslhlh fyfeV ij C;kt njksa dks vkSfpR;iw.kZ cuk;k gS vkSj #-3-00 yk[k rd ds dslhlh ij çlaLdj.k 'kqYd

dks lekIr dj fn;k gSA Û 'kk[kk çcaèkdksa ¼Ldsy I,II vkSj III½ dh _.k çnku djus dh foosdkèkhu 'kfä;ksa dks i;kZIr #i ls c<k;k x;k gS rkfd 'kk[kk Lrj ij

vfèkdre la[;k esa _.k vkosnu dk fuLrkj.k fd;k tk ldsA Û cSad ds osclkbV www.psbindia.com ij ,Q,ylh@ vkjlsVh osc iksVZy dk yksdkiZ.k fd;k x;kA Û foÙkh; o"kZ 2015&2016 esa cSad us 32 'kk[kk,a [kksyh gSA Û cSad us foÙkh; o"kZ 2015&2016 dks Þdklk o"kZß ds #i esa euk;k vkSj fnukad 31-03-2015 ds tek jkf'k esa dklk dk çfr'kr 21-53%

dh rqyuk esa fnukad 31-03-2016 dks c<dj 22-72% gks x;k gSA

iqjLdkj ,oa miyfCèk;kaÛ ,lkspSe us cSad dks y?kq cSad dh Js.kh esa lkekftd cSaÇdx mR—"Vrk vokMZ] 2015 ¼xzkeh.k cSaÇdx½ ls lEekfur fd;kAÛ o"kZ 2015&16 ds nkSjku] cSad us y?kq cSadksa dh Js.kh ds varxZr ,u-,Q-,l- mRikn ds fy, Jh vkj- xkaèkh] mi jkT;iky] Hkkjrh; fjt+oZ

cSad ls jk"Vªh; Hkqxrku mR—"Vrk iqjLdkj] 2015 dk la;qä mi fotsrk dk iqjLdkj çkIr fd;kAÛ ljdkjh lksoju xksYM ckaM ;kstuk esa vfHknku dh 'krks± ds vuqlkj] gekjk cSad çFke 10 çkIrdrkZ ,tsafl;ksa esa 'kkfey gSAÛ xzkeh.k fodkl ea=ky; us o"kZ 2013&14 dh Js.kh II ds varxZr ÞAAß xzsM çkIr djus ij cSad çk;ksftr vkjlsVh] QjhndksV vkSj eksxk

dks mR—"Vrk vokMZ fn;kAÛ cSad dh Çgnh if=dk jktHkk"kk vadqj dks fnYyh cSad uxj jktHkk"kk lfefr }kjk çFke iqjLdkj ls lEekfur fd;k x;kA if=dk dks

o"kZ 2015 dk vkÃlhÃ vokMZ Hkh çkIr gqvkAÛ Çgnh esa vPNk dke djus ds fy, cSad dks fnYyh] iVuk] cSaxyw#] pSUuS] tksèkiqj] dksydkrk] fHkykÃ vkSj i.kth¼xksok½ esa lacafèkr uxj

jktHkk"kk dk;kZUo;u lfefr;ksa }kjk jktHkk"kk 'khYMsa çnku dh xb±AÛ cSad dh g‚dh Vhe us thrh%

d- vf[ky Hkkjrh; ,l- ,u- oksgjk xqjehr Çlg g‚dh çfr;ksfxrk [k- vf[ky Hkkjrh; usg# g‚dh çfr;ksfxrk

Punjab & Sind Bank


MARKETING AND INSURANCEThe Bank participated in the Sovereign Gold bond Scheme of Government of India. Bank was on sixth position among the receiving agencies in terms of subscription amount in Trenche-II and in Trenche-III the Bank secured the fifth position. Bank had the distinction of stealing march over very big Banks, PSBs as well as private.

Bank formulated the policy on Corporate Agency Business as per the IRDAI’s latest guidelines.

NEW INITIATIVES• Bank has implemented solution for Visually Impaired (Talking facility) in all Capex ATMs. • Bank has Introduced Mudra Card for small scale units. • Bank has Implemented e-commerce in the Bank for online purchase through RUPAY Debit Card and Master Debit Card.• Bank has started issuing EMV Chip cards as per RBI guidelines in all variants of Rupay & Master Debit Cards. • Bank has started SMS alerts on Overdue FDR, Dormant / Inoperative CASA/KYC expiry reminder / Loan installment due alerts/

Loan ROI change Alerts.• Bank has implemented “Jeevan Praman” - biometric authentication by the pensioner, remote point and creation of digital life

certificate which is maintained in a central repository in NIC.• Bank designated 58 branches as Specialized MSME branches thus raising total specialized MSME branches to 108.• A comprehensive Booklet on documentation and appraisal of MSE loan prepared and put on Bank’s website.• New Scheme launched on financing of Farm Mechanization i.e. financing of Tractor/Combine Harvester/Power Tiller/Reaper/

Trolley/Old Tractors/implements etc.• New scheme on financing Two wheeler/Jeep/Car/Special Utility Vehicles (SUV) for Agriculturist introduced.• Bank launched a new scheme on “Financing of E-Rickshaw under MUDRA Scheme”• Bank rationalized rate of interest on MUDRA loans and KCC limits and waived processing fee on KCC upto Rs. 3.00 lac.• Discretionary lending powers of Branch Manager (Scale I, II and III) were increased substantially to facilitate disposal of

maximum number of loan applications at branch level itself. • FLC/RSETI Web Portal launched at Bank’s website www.psbindia.com• Bank has opened 32 new branches in FY 2015-16.• Bank celebrated the FY 2015-16 as “YEAR OF CASA” and CASA % to Deposits has increased from 21.53% as on 31.03.2015 to

22.72% as on 31.03.2016.

AWARDS & ACHIEVEMENTS• Social Banking Excellence Award -2015 was conferred on the Bank by ASSOCHAM under Small Bank Class & Rural Banking

category for providing Rural Banking services.• The Bank received Joint Runners up award in Small Banks category for NFS product from Sh. R Gandhi. Deputy Governor, RBI

at National Payment Excellence Awards 2015.• In Government’s Sovereign Gold Bond Scheme, Bank figured among top 10 receiving agencies in terms of subscription.• Ministry of Rural Development awarded Certificate of Excellence to Bank sponsored RSETI, Faridkot and Moga securing “AA”

grade under category II for the year 2013-14.• Bank’s Hindi Magazine ‘RAJBHASHA ANKUR’ was awarded 1st Prize by Delhi Bank Town Official Language Implementation

Committee. Magazine was also awarded ICE Award for the year 2015. • For Official Language Implementation, Bank was awarded Rajbhasha Shields in Delhi, Patna, Bengluru, Chennai, Jodhpur,

Kolkata, Bhilai and Panjim(Goa) by respective Town Official Language Implementation Committees.• The Bank’s Hockey Team won:

a. All India S.N. Vohra Gurmit Singh Hockey Tournamentb. All India Nehru Hockey Tournament

iatkc ,.M fla/ cSad


vkfLr xq.koÙkk

cSad us vutZd vkfLr;ksa ij fu;a=.k ds fy, vusd ç;kl fd, gSa rFkk fofèkd lkèkuksa ,oa ckrphr ij vkèkkfjr le>kSrksa lfgr olwyh ds lHkh miyCèk lkèkuksa dk ç;ksx fd;k gSA cSad us foÙkh; vkfLr;ksa dk çfrHkwfrdj.k vkSj iquxZBu rFkk çfrHkwfr fgr dk çorZu vfèkfu;e] 2002 ds çkoèkkuksa dk çHkkoh #i ls ç;ksx fd;kA cSad us bl foÙkh; o"kZ esa fofHkUu dsaæksa ij olwyh dSEiksa dk vk;kstu fd;kA o"kZ ds nkSjku cSad dh olwyh çcaèku ;kstuk ds vfrfjä xSj fu"ikfnr [kkrksa ds —f"k {ks= ds varxZr vutZd vkfLr;ksa ds fuiVku gsrq rFkk vlqjf{kr rduhdh cês&[kkrksa ds fuiVku gsrq nks vYikofèk ;kstukvksa dk fu#i.k fd;k x;kA lHkh 1366 ekeyksa dk #-39-28 djksM+ esa fuiVku gqvkA

o"kZ ds nkSjku xSj&fu"ikfnr [kkrksa esa cSad dh olwyh vPNh jghA olwyh ds fy, fd, x, vFkd rFkk dsfUær ç;klksa ds QyLo#i #-49-68 djksM+ dh rduhdh cêk [kkrksa esa olwyh lfgr dqy #- 945-90 djksM+ #-dh olwyh dh tk ldhA

cSad u, xSj fu"ikfnr [kkrksa esa c<+ksÙkjh dks jksdus esa lQy jgk gSA ifj.kkeLo#i dqy rFkk fuoy ,uih, fnukad 31-03-2015 ds #- 3082-19 djksM+ rFkk #- 2260-00 djksM dh vis{kk Øe'k% #- 4229-05 djksM+ rFkk #- 2949-47 djksM+ jgkA

31-03-2016 dks xSj&fu"ikfnr vkfLr;ksa dh ldy ,oa fuoy fLFkfr vFkkZr~ fiNys o"kZ dh rqyuk esa fuEukuqlkj gS &¼jkf'k djksM+ esa½

,uih, 31-03-2015 dh fLFkfr vuqLkkj 31-03-2016 dh fLFkfr vuqLkkj

ldy 3082-19 4-76% 4229-05 6-48%fuoy 2266-00 3-55% 2949-47 4-62%

fnukad 31-03-2016 dks cSad dk çkoèkku lqj{kk vuqikr ¼rduhdh cêk [kkrksa lfgr½ 48-26% jgkA

fuos'k çcaèku rFkk fons'kh fofue;

31-03-2016 dks cSad dh d‚jiksjsV {ks= dh vko';drk] tksf[ke laxzg ,oa fuos'k uhfr ds vuq#i fuos'k&lwph ljapuk lfgr cSad dk ldy fuos'k #-27693-40 djksM+ FkkA

ekpZ 2015 dks lekIr o"kZ esa ljdkjh çfrHkwfr;ksa rFkk xSj lkafofèkd pyfufèk vuqikr çfrHkwfr esa VªsÇMx xfrfofèk;ksa ls ykHk #- 133-60 ls c<dj lekIr o"kZ 31-03-2016 esa #- 140-10 djksM+ x;kA

o"kZ 2014&15 dh rqyuk esa fofue; ykHk #- 26-51 djksM+ ls c<+dj o"kZ 2015&16 esa c<+ dj #- 30-34 djksM+ gks x;kA bl çdkj] 14-45% dh o`f) ntZ dh xÃA

tksf[ke çca/ku

cSad us ;g lqfuf'pr djus ds fy, fd mlds tksf[ke] ifjHkkf"kr tksf[ke {kerk ds Hkhrj gSa vkSj mudh i;kZIrj #i ls fuxjkuh dh tkrh gS] ds fy, ,d lq–<+ ,dh—r tksf[ke çcaèku ç.kkyh dks dk;Z#i fn;k gSA cSad esa tksf[ke {kerk rFkk çHkkoh tksf[ke çcaèku dk;e djus dk laiw.kZ mÙkjnkf;Ro cSad ds funs'kd eaMy ,oa cSad ds 'kh"kZLFk çcaèku ij gSA cSad dh lesfdr tksf[ke çcaèku ç.kkyh] ç-dk- tksf[ke çcaèku foHkkx ¼vkj,eMh½ ds egkçcaèkd }kjk fuxjkuh dh tkrh gSA

fuEufyf[kr 'kh"kZLFkk lfefr;ksa ds ekè;e ls tksf[ke çcaèku fd;k tkrk gS%

1- tksf[ke çcaèku lfefr ¼vkj,elh½ ,d cksMZ Lrjh; milfefrA

2- _.k tksf[ke çcaèku lfefr ¼lhvkj,elh½

3- vkfLr ,oa ns;rk,a çcaèku lfefr ¼,,ylhvks½

4- lapkyxr tksf[ke çcaèku lfefr ¼vksvkj,elh½

5- cktkj tksf[ke çcaèku lfefr ¼,evkj,elh½

6- vkÃlh,,ih ds vuqlkj iwathxr ;kstuk lfefr

;s lfefr;ka tksf[ke çcaèku lfefr ¼vkj,elh½@funs'kd eaMy }kjk vuqeksfnr lE;d ekxZn'kÊ funsZ'kksa rFkk uhfr;ksa dh ifjfèk esa viuk dke djrh gSA

Punjab & Sind Bank


ASSETS QUALITYThe Bank continued to make concerted efforts to contain NPAs and has used all available tools of recovery including negotiated settlements and legal means. The provisions of “The Securitization & Reconstruction of Financial Assets & Enforcement of Security Interest Act -2002” were used effectively. The Bank also organized Recovery Camps during the year at various centers. During the year, two short term schemes for settlement of NPAs were formulated under Agriculture Sector and unsecured T.W.O. accounts apart from Bank’s Recovery Management Policy. In all 1366 cases were settled at Rs. 39.28 crore.

The performance of the Bank under recovery of NPAs during the year continued to be good. The aggressive and focused efforts could result in the total recovery of over Rs. 945.90 crore including recovery of Rs. 49.68 crore in Technically Written Off Accounts.

Bank has been able to contain fresh slippage. As a result our gross NPAs and net NPAs as on 31.03.2016 have been contained at Rs. 4229.05 crore and Rs. 2949.47 crore respectively against Rs. 3082.19 Crore and Rs. 2266.00 Crore as on 31.03.2015.

The position of Gross and Net NPAs as on 31.03.2016 vis-à-vis previous year is as under: (Amount in Crore)

NPA As on 31.03.2015 As on 31.03.2016

Gross 3082.19 4.76 % 4229.05 6.48%

Net 2266.00 3.55 % 2949.47 4.62%

The Provision Coverage Ratio of the Bank (including T.W.O.A/Cs), as on 31.03.2016 stood at 48.26%.

INVESTMENT & FOREIGN EXCHANGEThe Bank’s total gross investment as on 31.03.2016 was Rs. 27693.40 crore, with a portfolio composition consistent with the corporate requirement, risk perception and investment policy of the Bank.

The profit on sale of securities for the year has increased from Rs. 133.60 crore for year ended March 2015 to Rs. 140.10 crore for the year ended 31.03.2016 on account of trading activities in G-sec and Non SLR securities.

The Exchange profit for the year has increased from Rs.26.51 crore in 2014-15 to Rs. 30.34 crore in 2015-16, registering a growth of 14.45%.

RISK MANAGEMENTThe Bank has put in place a robust and integrated Risk Management system to ensure that the risks assumed by it are within the defined risk appetites and are adequately monitored. The overall responsibility of setting the Bank’s risk appetite and effective risk management rests with the Board and apex level management of the Bank. The implementation of Integrated Risk Management System in the Bank is monitored by HO Risk Management Department (RMD) headed by General Manager.

Risk is managed through following Apex committees viz.

1. Risk Management Committee (RMC)- a board level subcommittee

2. Credit Risk Management Committee (CRMC)

3. Asset and Liabilities Management Committee (ALCO)

4. Operational Risk Management Committee (ORMC)

5. Market Risk Management Committee (MRMC)

6. Capital Planning Committee as per ICAAP

These committees work within the overall guidelines and policies approved by the Risk Management Committee (RMC) / Board.

iatkc ,.M fla/ cSad


uhfr&ra= cSad ds le{k tksf[keksa dk ekiu] çcaèku ,oa fu;a=.k djus ds fy, funs'kd eaMy }kjk vuqeksfnr uhfr;ka rFkk dk;Zfofèk;ka gSaA

cSad ds leLr çdkj ds tksf[keksa ds fo'ys~"k.k djus ds vkSj cSad ds lHkh tksf[keksa dks ,dh—r djus ds mís'; ls ,dh—r tksf[ke çcaèku uhfr rS;kj dh xÃ gSA vU; egRoiw.kZ tksf[ke uhfr;ksa esa vkfLr ns;rk çcaèku ¼,,y,e½ uhfr] _.k tksf[ke çcaèku uhfr] cktkj _.k çcaèku uhfr] ifjpkyuxr tksf[ke çcaèku ¼vksvkj,e½ uhfr] O;olk; fujarjrk ;kstuk ¼chlhih½ o vkink m)kj çcaèku ¼Mhvkj,e½ uhfr] LVªsl VsÇLVx uhfr] _.k tksf[ke de djus lacaèkh rduhdksa dh ç;ksx uhfr rFkk laikÆÜod çcaèku] vkarfjd iwath i;kZIrrk fuèkkZj.k çfØ;k ¼vkÃlh,,ih½A tksf[ke çcaèku lfefr@cksMZ ds }kjk okÆ"kd vkèkkj ij uhfr;ksa dh leh{kk dh tkrh gSA

cSad dk cklsy&II ds lkFk vuqikyuHkkjrh; fjt+oZ cSad ds fofu;ked fn'kk&funsZ'kksa ds vuqlkj cSad us 31-03-2009 dh çHkkoh frfFk ls u, iwath i;kZIrrk ÝseodZ dks viuk;k gSA cklsy&II ds vkèkkj ij cSad us iwath çHkkj dh lax.kuk ds fy, _.k tksf[ke gsrq ekud –f"Vdks.k] cktkj tksf[ke gsrq #ikarfjr vofèk –f"Vdks.k rFkk ifjpkyuxr tksf[ke gsrq ewy ladsrd –f"Vdks.k dks viuk;k gSA cSad us cklsy&III ds fn'kk&funsZ'kksa dks dk;kZfUor fd;k gS vkSj lhvkj,vkj dh lax.kuk 'kq# dh gS tks twu] 2013 ls çHkkoh gSA cSad ds funs'kd eaMy }kjk lhvkj,vkj dh frekgh vkèkkj ij leh{kk dh tkrh gSA cSad Hkkjrh; fjt+oZ cSad ds funsZ'kkuqlkj cklsy&II ds varxZr mUur –f"Vdks.k dh vksj vxzlj gksus ds fy, rS;kj gSA cklsy&II ds mUur –f"Vdks.k dh vksj vxzlj gksus rFkk cklsy&III ds fn'kk&funsZ'kksa ds dk;kZUo;u gsrq cSad esa foLr`r ladyu tksf[ke çcaèku m|e çfØ;k ¼ÃvkÃvkj,e,l½ dh LFkkiuk gsrq ,d ijke'kZnkrk dh fu;qfä dh xÃ gSA

vkbZ-lh-,-,-ih- uhfr cklsy&II o cklsy&III & LraHk 2& i;Zos{k.kh; leh{kk ,oa ewY;kadu çfØ;k ¼,lvkjÃih½ fo"k;d] Hkkjrh; fjt+oZ cSad ds fn'kk&funsZ'kksa ds vuqikyu esa ;g lqfuf'pr djus ds fy, fd iwath vko';drk dk ewY;kakdu] cSad ds vkdkj] tfVyrk dk Lrj] tksf[ke çksQkby rFkk lapkyu dh ifjfèk ds vuq#i gS] vkarfjd iwath i;kZIrrk ewY;kadu çfØ;k ¼vkÃlh,,ih½ uhfr rS;kj dh xÃ gSA fofHkUu vof'k"V tksf[keksa dk fuèkkZj.k fd;k tkrk gS rFkk tgk¡ visf{kr gks ogk¡ vfrfjDr iwath miyCèk djkÃ tkrh gSA orZeku rFkk vuqekfur foÙkh;&iwathxr fLFkfr ds fo'ys"k.k rFkk xqatkb'k ds vkèkkj ij cSad dh iwathxr i;kZIrrk dk fuèkkZj.k fd;k tkrk gSA

fofHkUu LVªsl ifjfLFkfr;ksa ls gksus okys laHkkfor çHkkoksa dk cSad dh ykHkçnrk dh {kerk ds lanHkZ esa vk?kkr lgu djus rFkk cSad dh iwath ij blds ijorÊ çHkko ds ewY;kadu ds fy, LVªsl VSLV vH;k~l Hkh fd;k tkrk gSA vkÃlh,,ih ifj.kke frekgh vkèkkj ij rS;kj fd;k tkrk gS rFkk tksf[ke çcèku lfefr ¼vkj,elh½ }kjk bldh leh{kk dh tkrh gSA

çdVhdj.k cklsy&II o cklsy&III] LraHk&3 ^cktkj vuq'kklu* fo"k;d] Hkkjrh; fjt+oZ cSad ds ekxZn'kÊ funsZ'kksa ds vuqikyu esa cSad ds funs'kd&eaMy }kjk fofèkor~ vuqeksfnr çdVhdj.k uhfr ykxw dh xÃ gS vkSj bl uhfr ds vuqlkj frekgh@Nekgh@okÆ"kd vkèkkj ij bUgsa cSad dh osclkbV@okÆ"kd fjiksVZ esa çnÆ'kr fd;k tkrk gSA

_.k tksf[ke _.k&tksf[ke çcaèku çfØ;kvksa esa bldh igpku] vkdkj] _.k&dkjksckj ij fuxjkuh o fu;a=.k 'kkfey gSaA _.k&tksf[ke çcaèku lfefr ¼lhvkj,elh½ }kjk _.k&tksf[ke rFkk uhfr&fuekZ.k dk çcaèku fd;k tkrk gSA blds }kjk m|ksx] d‚iksZjsV] [kqnjk rFkk O;fä@lewg _.kdrkZvksa dh foosdiw.kZ lhekvksa dh fuxjkuh fu;fer #i ls dh tkrh gSA

d‚iksZjsV tksf[ke ds fy, _.k jsÇVx tksf[ke e‚My vkSj ,uch,Qlh _.k tksf[ke] fj;y LVsV ,oa [kqnjk _.k tksf[ke] [kqnjk _.kksa ds fy, tksf[ke fuèkkZj.k ls lacafèkr _.kksa dk ewY;kadu rFkk _.k jsÇVx] ,oa m|ksxksa@iksVZQksfy;ks dk vè;;u ,oa fo'ys"k.k ds fy, vkSj _.k jsÇVx ds mRçoklksa ds fy, ,d O;kid _.k jsÇVx ÝseodZ cuk;k x;k gSA

cklsy& II ds ekunaMksa ds fo"k; esa ifjpkyu Lrj ij tkx#drk QSykÃ tkrh gS rFkk iwath ds vuqdwy ç;ksx rFkk laj{k.k ds y{; dks çkIrd djus ds fy, bls fujarj #i ls c<+k;k tkrk gSA

cktkj tksf[ke cSad dk iksVZQksfy;ks C;kt&njksa rFkk eqæk&njksa esa ifjorZu ds QyLo#i cktkj tksf[ke ls çHkkfor gksrk gSA

vkfLr ns;rk çcaèku lfefr ¼,,ylhvks½ cktkj tksf[ke ls lacafèkr dke&dkt dh fuxjkuh djrh gSA cSad us fofHkUu cktkj tksf[ke ekiu&ç.kkyh o lkèkuksa dks ykxw fd;k gSA fofHkUu ifjlhekvksa dk dM+k vuqikyu rFkk mYya?kuksa esa o`f)] ;fn dksÃ gks] dk mfpr vuqlj.k fd;k tkrk gSA blds vfrfjä ,d eè;LFk dk;kZy; Hkh cuk gqvk gSA

Punjab & Sind Bank


POLICY FRAMEWORKThe Bank has Board approved policies and procedures in place to measure, manage and control various risks that the Bank is exposed to.

Integrated Risk Management Policy has been formulated with the objective of analyzing the overall risk profile of the bank and to integrate all the risks of the Bank. The other important risk policies comprise of Asset-Liability Management (ALM) Policy, Credit Risk Management Policy, Market Risk Management Policy, Operational Risk Management (ORM) Policy, Business Continuity Planning (BCP) & Disaster Recovery Management (DRM) Policy, Stress Testing Policy, Policy on Utilization of Credit Risk Mitigation Techniques & Collateral Management, ICAAP Policy. The policies are reviewed annually by the RMC / Board.

BANK’S COMPLIANCE WITH BASEL-IIIn terms of Regulatory Guidelines of Reserve Bank of India, the Bank has adopted the New Capital Adequacy Framework w.e.f. 31.03.2009. Based on Basel II norms, the Bank has adopted Standardized Approach for Credit Risk, Modified Duration approach for Market Risk and Basic Indicator approach for Operational Risk for computing the capital charge. The Bank has also implemented Basel III Guidelines and has started computing CRAR w.e.f. June 2013. The CRAR position of the Bank is reviewed by the Board on a quarterly basis. Bank has geared for moving towards advanced approaches under BASEL II as suggested by RBI. Bank has also appointed a Consultant for setting up Enterprise Wide Integrated Risk Management System (EIRMS) in the Bank for moving to Advance approaches of Basel II and implementation of Basel III Guidelines.

ICAAP POLICYIn compliance with the Reserve Bank of India guidelines on Basel II & Basel III – Pillar 2- Supervisory Review and Evaluation Process (SREP), the Internal Capital Adequacy Assessment Process (ICAAP) Policy has been formulated to assess the capital requirement commensurate with the size, level of complexity, risk profile and scope of operations of the Bank. Various residual risks are assessed and additional capital is provided for wherever required. The capital adequacy of the Bank is assessed based on the analysis of current and projected financial/capital position as well as the headroom available.

Stress Testing exercises are also undertaken to assess the likely impact of various stress situations in relation to capacity of Bank’s profitability to absorb the shock and consequent impact on Bank’s capital. The ICAAP outcome is prepared on half yearly basis and is reviewed by RMC.

DISCLOSURE:In compliance with the Reserve Bank of India guidelines on Basel II& Basel III – Pillar 3 – Market Discipline, the Bank has put in place a Disclosure Policy duly approved by the Board and the disclosures on quarterly / Half yearly / Annual basis, as per the policy, are displayed on the Bank’s Website / Annual Report.

CREDIT RISKCredit risk management processes involve identification, measurement, monitoring and control of credit exposures. Credit risk and its policy formulation is managed by Credit Risk Management Committee (CRMC). It regularly monitors prudential caps in different loan segments including industry, corporate, retail and individual/group borrowers.

Comprehensive credit rating framework comprising of Credit Risk Rating Models for Corporate Exposure, NBFC Exposure, Real Estate Exposure and Retail Exposure , pricing of loans linked to risk assessment and credit rating, study & analysis of industries/portfolio, migration of credit ratings is undertaken.

Awareness of Basel II norms at the operating level is created and continuously enhanced to achieve the aim of conservation and optimum use of capital.

MARKET RISKThe Bank’s portfolio is exposed to market risk on account of changes due to interest rates and currency rates. The Asset and Liabilities Management Committee (ALCO) is overseeing the functions relating to market risk. The Bank has put in place a variety of market risk measurement systems and tools. Strict adherence to various limits and proper escalation of breaches, if any, are followed. Moreover, a Mid Office is also in place.

iatkc ,.M fla/ cSad


rjyrk çcaèku ra= lqLFkkfir gS tksfd cSad ds leLr Hkqxrku nkf;Roksa dks ns; gksus ij iwjk djus ds lkeF;Z dks lajf{kr djrk gSA ;g cSad dh rjyrk tksf[ke dks igpkuus] ekius rFkk lapkyu djus ds fy, cuk;k x;k gSA

cSad] fofu;ked fn'kk&funsZ'kksa ds vuqlkj #ikarfjr vofèk i)fr dk mi;ksx djds ekudh—r –f"Vdks.k ds vuqlkj cktkj tksf[ke çHkkj dh lax.kuk djrk gSA cSad vius fons'kh fofue; iksVZQksfy;ks ij Hkh tksf[ke ewY; ¼oh,vkj½ dh x.kuk djrk gSA

cSad] laHkkO; ?kVukvksa ls mRiUu rjyrk vkSj C;kt&nj tksf[keksa ls gksus okys laHkkfor tksf[keksa dks mtkxj djus ds fy,] le;≤ ij LVªsl VsLV vH;kl djrk gSA fofHkUu&tksf[ke dkjdksa ds dkj.k [kkrs ij gq, vk?kkr dk çHkko] ftlds dkj.k cnrj fLFkfr mRiUu gks ldrh gS] dk vè;;u fd;k tkrk gS vkSj mlds çHkko dks nwj djus ds fy, laHkkO; gy fudkys tkrs gSaA

ifjpkyuxr tksf[ke ifjpkyuxr tksf[ke çcaèku lfefr ¼vksvkj,elh½ ifjpkyuksa ls tqM+s tksf[keksa ls lacafèkr ekeyksa ij fuxjkuh j[krh gS vkSj vkdfLed@vfuok;Z fLFkfr;ksa esa O;olk; dh lrr@iqu% LFkkiuk lqfuf'pr djrh gSA orZeku esa ifjpkyuxr tksf[ke lacaèkh iwath çHkkj ewy ladsrd –f"Vdks.k ds vuqlkj laxf.kr fd;k tkrk gSA cSad ifjpkyuxr tksf[ke dh lajpuk dks etcwr djus dh fn'kk esa dk;Z dj jgk gS rkfd ifjpkyuxr _.k tksf[ke ¼vksvkj,e½ ç.kkyh ifjpkyuxr tksf[ke iwath dh x.kuk ds mUur –f"Vdks.k dh vksj vxzlj gksus esa leFkZ gks ldsA cSad ds ikl y‚l MkVk çcaèku djus ds fy, cksMZ vuqeksfnr y‚l MkVk çcaèku ÝseodZ gS rkfd cSad dh lEiw.kZ ifjpkyu tksf[ke çcaèku uhfr¼vksvkj,e½ dks ykxw djus esa çcaèku gsrq U;wure ekud LFkkfir fd, tk lds vkSj foLr`r rFkk etcwr ifjpkyu y‚l MkVkcsl dks cuk;k tk ldsA

ekuo lalkèku çcaèku31-03-2016 dks laoxZ okj LVkQ dh la[;k fuEukuqlkj jgh%

Js.kh 31 ekpZ 2015 31 ekpZ 2016vfèkdkjh 6409 6632fyfid 2113 2202vèkhuLFk LVkQ 658 569dqy 9180 9403

fu;qfDr esa efgyk,a%

31-03-2016 dks gekjs dqy 9403 LVkQ lnL;ksa esa ls 2331 efgyk,a gSa tks dqy ;ksx dk 24-78% curh gSaA

vkjf{kr Js.kh ds dkÆedksa dks jkstxkj% cSad lekt ds vU; fiNM+s oxks± rFkk vuqlwfpr tkfr] tutkfr lacafèkr O;fä;ksa ds fgr ,oa fodkl ds çfr laoSèkkfud lqj{kk rFkk lkekftd y{; ds çfr cpuc) gSA cSad Hkkjr ljdkj }kjk laiw.kZ Hkkjr esa vkjf{kr inksa rFkk LFkkuh; HkÆr;ksa esa vkj{k.k uhfr ds lacaèk esa fuèkkZfjr fn'kk&funsZ'kksa dk vuqikyu djrk gSA

cSad esa vuqlwfpr tkfr@tutkfr ds dkÆedksa ds vkj{k.k ,oa vU; çkoèkkuksa dh fuxjkuh djus gsrq ,d fo'ks"k ,llh@,lVh d{k dh LFkkiuk dh xÃ gSA cSad ds ,llh@,lVh dkÆedksa dh lHkh lacafèkr ekeyksa esa f'kdk;r fuokj.k ds fy, rFkk fofHkUu fn'kk&funsZ'kksa ds vuqikyu dks lqfuf'pr djus ds fy, ,d dk;Zdkjh tksfd egkçcaèkd dh jSad dk gS] dks inukfer fd;k x;k gSA

fnukad 31-03-2016 dks ,llh@,lVh dkÆedksa dh dqy la[;k Øe'k% 1735 vkSj 567 gSA fofHkUu vkjf{kr Jsf.k;ksa ds vèkhu dkÆed la[;k fuEu gS%

Js.kh vuq- tkfr vuq- tutkfr vU; fiNM+k oxZ ,Dl&lÆolesu fnO;kaxvfèkdkjh 1057 474 1185 54 100fyfid 496 70 460 153 38vèkhuLFk LVkQ 182 23 29 92 11dqy 1735 567 1674 299 149

Punjab & Sind Bank


The Liquidity Management Framework is well established, which safeguards the ability of the Bank to meet all payment obligations when they come due. It is designed to identify measure and manage the liquidity risk position of the Bank.

The Bank is computing the market risk capital charge as per the Modified Duration approach, by using Modified duration method, as per the regulator’s guidelines. The Bank also calculates Value at Risk (VaR) on its foreign exchange portfolio.

The Bank periodically undertakes stress test exercise to highlight the potential risks, on account of liquidity & interest rate risk that may arise due to events that are rare but plausible. The impacts of shock on account of different risk factors that may generate worst case scenario are studied and to counter the impact possible solutions are derived.

OPERATIONAL RISKThe Operational Risk Management Committee (ORMC) oversees the matters relating to risks associated with operations and ensures the continuity / restoration of business in the event of contingency / exigencies. Presently, capital charge on operational risk is calculated as per Basic Indicator Approach. The Bank is in the process of strengthening its ORM Framework & ORM systems so as to be able to migrate to advance approaches of calculation of Operational Risk Capital. The Bank has Board approved Framework for Loss Data Management to set minimum standards for management of Bank’s Operational Loss Data in order to comply with the overall Operational Risk Management (ORM) Policy of the Bank and facilitate creation of a robust and comprehensive Operational Loss Database.

HUMAN RESOURCE MANAGEMENT The cadre wise staff strength as on 31.03.2016 is as under:-

Category 31st March 2015 31st March 2016

Officers 6409 6632

Clerks 2113 2202

Sub-staff 658 569

Total 9180 9403

WOMEN IN EMPLOYMENT: - Out of the total strength of 9403 as on 31.03.2016, the women employees are 2331 constituting 24.78% of the total strength.

EMPLOYMENT TO RESERVED CATEGORY EMPLOYEES: - Bank is committed to the constitutional safeguards and social objectives for the development and welfare of persons belonging to SC, ST and other backward classes of the society. The Bank observes all guidelines stipulated by the Govt. of India in respect of Reservation Policy for reservation of Posts in recruitments.

A special SC / ST cell has been set up in the Bank to monitor the Reservation & other provisions for SC / ST employees. An executive in the rank of General Manager has been designated as Chief Liaison Officer for SC / ST employees who ensures compliance of various guidelines pertaining to SC / ST employees & takes care of all matters of grievance redressal of SC / ST employees of the Bank.

The staff strength of SC / ST employees stood at 1735 and 567 respectively on 31.03.2016. The staff strength under various reserved categories is as under: -

CATEGORY SC ST OBC EX-SM PWD

OFFICERS 1057 474 1185 54 100

CLERKS 496 70 460 153 38

SUB-STAFF 182 23 29 92 11

TOTAL 1735 567 1674 299 149

iatkc ,.M fla/ cSad


e`rd deZpkfj;ksa ds vkfJrksa dks vuqdaik ds vkèkkj ij fu;qfDr;ka rFkk vkÆFkd lgk;rk%&foÙkh; o"kZ 2015&16 ds nkSjku cSad us dkÆedksa ds nqHkkZX;iw.kZ e`R;q ij vuqdEik ds vkèkkj ij 2 O;fä;ksa dks ukSdjh çnku dhA e`rd deZpkfj;ksa ds vkfJrksa dks ;kstuk ds varxZr vuqdaik ds vkèkkj ij ukSdjh çnku djus ds LFkku ij cSad us 13 ekeyksa esa dqy 79]53]090@& #i, dh vuqxzg jkf'k dk Hkqxrku fd;kA

inksUufr;ka% &cSad o"kZ nj o"kZ yxHkx lHkh Jsf.k;ksa ds LVkQ lnL;ksa esa Js"B dk;Z&fu"iknu ¼Top performers½ djus okyksa dks iqjLdkj ds :i esa rFkk mUgsa vkSj ftEesokj inksa dks laHkkyus ds mís';ks ls inksUufr;k¡ fu;fer #i ls djrk jgrk gSA

o"kZ ds nkSjku fuEufyf[kr inksUukfr;ka dh xb±%

oxZ ls inksUufr;k¡

meç ls eç

leç ls meç

eqç ls leç

oç ls eqç

çca/kd ls o-ç

vf/kdkjh ls çca/kd

fyfid ls vf/kdkjh

v/khuLFk ls fyfid

dqy

lkekU; 3 3 34 111 215 279 244 29 918fof'k"V & & 2 30 75 1 & & 108dqy 3 3 36 141 290 280 244 29 1026

çf'k{k.k vkSj ekuo lalkèku fodkl% çf'k{k.k] ekuo lalkèku fodkl dk ,d vfHkUu vax gSA cSaÇdx m|ksx esa orZeku çfrLièkÊ okrkoj.k esa LVkQ dks rduhd] çfØ;k vkSj i)fr] fofèkd igyqvksa esa gks jgs fodkl dh uohure tkudkfj;ksa ls voxr djk, j[kuk cgqr t+#jh gks x;k gSA

çf'k{k.k vkSj fu[kkj¼xzwÇex½ ,sls egRoiw.kZ dne gksrs gSa ftuls thoar laxBukRed laL—fr dh jpuk djus esa enn feyrh gS vkSj deZpkjh mRlkgh gks dj viuk dke csgrj <ax ls djus ds çfr çsfjr jgrs gSaA blls deZpkfj;ksa dh ;ksX;rk esa o`f) djus ,oa lgh dkS'ky vkSj Kku esa n{krk gkfly djus esa enn feysxh rkfd fofHkfUu oxks± ds xzkgdksa dh fujarj ifjoÆrr gksus okyh O;olkf;d vko';drkvksa dh iwÆr djus esa os l{ke gks ldsaA cSad }kjk lapkfyr çf'k{k.k dk;ZØe] cSad esa u, HkrÊ gq, dkÆedksa dh dk;Z&dq'kyrk ,oa Kku esa o`f) djus esa] rFkk laxBukRed mís';ksa ds fy, bldh orZeku dk;Z 'kfä dh fLFkfr ds iquÆoU;kl esa lgk;d fl) gq,] ftlls cSad] ns'k ds iw.kZr% rduhdh ,oa lsok çnkrk cSad ds #i esa ifjoÆrr gks ldsA

dkÆedksa ds Kku Lrj dks c<+kus ,oa çf'k{k.k rFkk fodkl dks vkSj vfèkd çsfjr djus gsrq cSad us ts,vkÃvkÃch ,oa lh,vkÃvkÃch ds fy, Ã&yÉux lkexzh çnku djus gsrq bf.M;u baLVhVîwV v‚Q cSaÇdx ,.M Qkbusal dks vius lkFk tksM+k gSA iBu lkexzh dks cSad ds baVªkusV lkbV esa iksVZy Þ,pvkjMh ç;kl% Ã&yÉuxß ds varxZr j[kk x;k gSA Ã&yÉux lkexzh lHkh LVkQ lnL;ksa dh igq¡p esa gSA

cSad us LVkQ lnL;ksa ds muds O;olkf;d dkS'ky dks fujarj fodflr djus ds fy, vkÃvkÃch,Q }kjk çLrkfor 21 çekf.kr ,oa fMIyksek ikBîØeksa ds lEiw.kZ ikBîØe 'kqYd dks çksRlkgu jkf'k ds :i esa çfriwfrZ dh tkrh gSA

foÙk ea=ky; ds fn'kkfunsZ'kksa ds ifjizs{; esa cSad us leLr vius dk;kZy;ksa@'kk[kkvksa esa fu;qä lHkh dkÆedksa dks vYikofèk esa ,d gh le; esa çf'k{k.k çnku djus ds fy, fofoèk osfcukj dk vk;kstu fd;k gSA

uo fu;qä dkÆedksa dks vfxzeksa ds fo"k; ij 'kk[kk Lrj ij iqu'p;kZ çf'k{k.k miyCèk djk;k x;kA

cSad us efgyk dkÆedksa ds l'kfädj.k ,oa muds dSfj;j ds fodkl ds fy, fof'k"V dne mBk, gSaA

foÙk o"kZ 2015&16 ds nkSjku cSad us vius 50% dkÆedksa dks çf'k{k.k nsus dk ç;kl fd;kA bl lanHkZ esa 1 vçSy 2015 ls 31 ekpZ 2016 ds chp lkekU; cSaÇdx ,oa daI;wVj o blls lacafèkr 266 çf'k{k.k dk;ZØe ih,lch lSaVj Q‚j cSaÇdx fjlpZ ,aM VªsÇux] paMhx<+] fuCld‚e uks,Mk rFkk v‚apfyd dk;kZy;ksa esa LFkkuh; çf'k{k.kksa ds ekè;e ls vk;skftr fd, x,A bl nkSjku fofHkUu laoxks± ds 7712 dkÆedksa dks çf'kf{kr fd;k x;kA

blds vfrfjä] 'kh"kZ Lrj ij 138 vfèkdkfj;ksa dks Hkh çf'k{k.k fn;k x;kA bl çdkj] foÙkh; o"kZ 2015&16 ds nkSjku cSad us fofoèk laoxks± ds 7850 dkÆedksa dks çf'k{k.k çnku fd;kA

vkS|ksfxd lacaèkcSad esa o"kZ ds nkSjku vkS|ksfxd lacaèk lkSgknZiw.kZ jgsA dkexkj vkSj vfèkdkjh ;wfu;uksa ds çfrfufèk;ksa us fodkl ,oa vU; eqíksa ij fofHkUu Lrjksa ij çcaèk ra= ds lkFk fopkj&foe'kZ esa Hkkx fy;k rFkk buds lekèkku ds fy, ç;Ru Hkh fd, x,A LVkQ lnL;ksa }kjk mBk, x, ifjoknksa ds fuokj.k ds fy, foÙk ea=ky; ls çkIr fn'kk funsZ'kksa ds vuqlkj ifjokn fuokj.k lfefr dk xBu Hkh fd;k x;kA

Punjab & Sind Bank


COMPASSIONATE APPOINTMENTS AND FINANCIAL ASSISTANCE TO THE DEPENDENTS OF DECEASED EMPLOYEES: - During the Financial year 2015-16, the Bank gave appointment to 2 persons on compassionate grounds on unfortunate death of employees. Further, the Bank made total payment of Rs 79,53,090/- in 13 cases towards financial assistance to the dependants of the deceased employees under the scheme for the payment of Ex-Gratia in lieu of appointment on compassionate grounds.

PROMOTIONS: - Bank is regularly promoting employees almost in all cadres year after year to keep on rewarding its top performers and make them assume higher responsibilities.

Following promotions have been effected during the year:-

Promotions from

DGM to GM

AGM to DGM

CM to AGM

SRM to CM

MGR to SRM

OFFICER to MGR

CLERK to OFFICER

SUB STAFF To CLERK TOTAL

General 3 3 34 111 215 279 244 29 918Specialist - - 2 30 75 1 - - 108Total 3 3 36 141 290 280 244 29 1026

TRAINING & HUMAN RESOURCES DEVELOPMENT: - Training is an integral part of human resources development. In the current competitive environment in the Banking industry, it is all the more important to keep the staff abreast of the latest developments in technology, system and procedures, legal aspects etc.

Training and grooming are important steps in creating a vibrant organizational culture in which employees are encouraged & motivated to perform better. It helps in augmenting the competencies of employees & equip them with the right skills & knowledge for meeting ever changing business needs of customers in different segments. The training programs organized by the Bank are geared towards integrating the new recruits into the Bank & in enhancing the skills, knowledge and for reorienting the attitude of its existing work force to the organizational objectives so as to transform the Bank to a technology & service driven Bank of the country.

To give further impetus to the training and development and enhance knowledge base of employees, bank has tied up with Indian Institute of Banking & Finance (IIBF) to provide e-learning material for JAIIB & CAIIB. The study material has been placed on bank’s Intranet site under the portal “HRD Initiative: E-learning”. All staff members have access to the e-learning materials.

To encourage staff members at continually upgrading their professional skills Bank has extended offer of incentives by reimbursement of the Full Course Fee of 21 Certified and Diploma courses offered by the IIBF.

In view of MoF guidelines Bank has conducted several Webinars to reach out to all staff members of all branches / offices at the same time to train them in a short span of time.

The newly recruited staff were provided Orientation Training on Advances at Branch Level.

The Bank has taken specific steps to empower its women employees and to plan their career growth.

The Bank endeavored to provide training to 50% of its employees during the Financial Year 2015-16. With this in view, 266 programs were conducted in General Banking & Computer related programs at CBRT Chandigarh, NIBSCOM, Noida & Locational trainings conducted at Zonal Offices in various fields from 1st April 2015 to 31st March 2016, in which training was imparted to 7712 employees of different cadres.

Besides, 138 Officers were also imparted training at Apex Level. Hence, Bank has imparted training to 7850 employees of different cadres during the financial year 2015-16.

INDUSTRIAL RELATIONS: - The industrial relations in the Bank remained cordial throughout the year. The representatives from Workers and Officers unions participated in various discussions on developmental and other issues with the management at various levels and efforts were made to resolve the same. A grievance Redressal Committee has also been formulated as per the guidelines received from Ministry of Finance to redress the grievances raised by staff members.

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mPp çcaèku us varjkZ"Vªh; efgyk fnol ds volj ij çèkku dk;kZy; esa dk;Zjr leLr efgyk dkÆedksa ds lkFk laoknkRed cSBd vk;ksftr dhA çèkku dk;kZy; ekuo lalkèku fodkl foHkkx Lrj ij ,d efgyk d{k dh LFkkiuk dh xÃ gS tks baVªkusV lkbV esa uo dfYir efgyk l'kfädj.k iksVZy c‚Dl dh ns[kHkky djsxkA cSad us efgyk dkÆedksa ds cSad dh çxfr esa vfèkdkfèkd lgHkkfxrk ds utfj, ls vkSj mUgsa mPpre nkf;Roksa dks xzg.k djus dh çsj.kk nsus ds fy, bl c‚Dl dh lajpuk dh gSA blds vfrfjä] iksVZy esa cSaÇdx Kku] QhMcSd@lq>ko] ;kfpdk] f'kdk;r ifjosnuk fuokj.k vkSj cSad dh efgyk dkÆedksa ls çkIr çf'k{k.k gsrq vuqjksèk fn, x, gSA

lhèkh HkrÊ%foÙkh; o"kZ 2015&2016 esa lsokfuo`fÙk dh pqukSfr;ksa] fujarj O;kikj o`f)] rFkk 'kk[kkvksa ds rhoz foLrkkj dks è;kru esa j[krs gq, cSad dh fofoèk ekuo'kfä 6 dh vko';kdrk dks ns[krs gq, fo'ks"kK ,oa ifjoh{kkèkhu nksuksa gh laoxZ ds vfèkdkfj;ksa dh HkrÊ dh xÃA

cSad dh HkrÊ ifj;kstuk o"kZ 2015&2016 ds nkSjku Ldsy I esa 14 jktHkk"kk vfèkdkjh] 634 ifjoh{kkèkhu vfèkdkjh] 2 —f"k {ks= vfèkdkjh rFkk fyfid oxZ esa 468 Çlxy ÇoMks v‚ijsVj&, us cSad esa dk;Zxzg.k fd;kA

dkÆed dY;k.kcSad dh dkÆedksa dks fodkl'khy xfrfofèk;ksa esa çHkkoh lgHkkfxrk djus gsrq mRlkfgr ,oa çksRlkfgr djus ds fy, fofHkUu dY;k.kdkjh ;kstuk,a gSaA o"kZ 2015&2016 ds nkSjku] cSad dh dÃ dY;k.kdkjh ;kstuk,a lQyrkiwoZd ykxw dh xÃ gSaA

lwpuk çkS|ksfxdhÛ fnukad 31-03-2016 dks cSad dh lHkh 1481 'kk[kk,a dksj cSaÇdx l‚Y;w'ku ij dk;Z dj jgh gSaA

Û 1477 'kk[kkvksa esa vkjVhth,l vkSj ,uÃ,QVh ds ekè;e ls ÃySDVª‚fud fufèk varj.k lqfoèkk miyCèk gSA

Û baVjusV cSaÇdx esa u;s dk;Z fodflr fd, x, gSa%&

d½ VSDl LVsVesaV 26 ,,l dks v‚uykbu ns[kuk

[k½ v‚uykbu psd cqd vuqjksèk

x½ ykHkkFkÊ ds us¶V Hkqxrku ds fy, ,l,e,l vyVZ

?k½ usV cSaÇdx }kjk vk;dj fjVuZl dk Ã&lR;kiu

M+½ baVjusV cSaÇdx esa VsEiy Mksus'ku

p½ Vh,uoh,Vh VSDl ykxw djuk

N½ 2,Q, tSls ihdsvkÃ dk;kZRedrk

Û cSad us baVjusV cSaÇdx esa 6 u, lewg tksM+s gS& is;w] isVh,e] lkbVªl] ,Vvkse] Vkbeeuh] baVjusV cSaÇdx esa uqlis-A

Û cSad us Ã&cSaÇdx ds ekè;e ls èku jkf'k LFkkukarj.k dh lhek #- 75]000-00 ls c<k+dj #- 2]00]000-00 dj nh gSA

Û eksckby cSaÇdx esa oSY;w ,MsM lsok,a%

d½ eksckby fjpktZ@MhVh,p fjpktZ@fcy Hkqxrku

[k½ vkÃ,eih,l

x½ Vsaiy Mksus'ku

?k½ Çgnh esa eksckby cSaÇdx ,i-

Û ik¡p b&y‚fc;ksa dks [kksyk x;k gSA

Û o"kZ 2015&2016 ds nkSjku bysDVª‚fud fMysojh pSuYl ds foLrkj gsrq cSad us 71 u, ,Vh,e dh LFkkiuk dh gSA fnukad 31-03-2016 rd cSad ds dqy ,Vh,e la[;k 1341 gSA

Punjab & Sind Bank


Top Management of the Bank held an interactive meeting with all the women staff working at Head Office on the occasion of the International Women’s Day. A Women Cell has been created at Head Office HRD Department to look after the newly conceived Women Empowerment Box Portal in the intranet site. The Box is created for women employees of the bank with a view to encourage them to participate more in the growth of the Bank and motivate them towards taking up higher responsibilities. Further, the portal contains Banking Knowledge, Feedbacks / Suggestions, Requests, Complaints, Grievance Redressal and Training Requests of Women employees of the Bank.

DIRECT RECRUITMENT: - The Bank launched recruitment drive to cater to the challenges of superannuation, sustained business growth and branch expansion during the financial year 2015-16, recruitment of both the Specialist Officers and Probationary Officers was done to address the diverse manpower requirement of the Bank.

During the financial year 2015-16, 14 Official Language Officers, 634 Probationary Officers, 2 Agriculture Field Officers in JMGS-I and 468 Single Window Operators-A in Clerical cadre have joined the Bank.

STAFF WELFAREIn order to motivate and encourage the staff for effective participation in development activities, the Bank is maintaining various welfare schemes for the Staff. During Financial Year 2015-16, welfare Schemes of the Bank were successfully implemented.

INFORMATION TECHNOLOGY• As on 31.03.2016, all 1481 branches are on Core Banking Solution.

• Electronic fund transfer facility through RTGS & NEFT is available in 1477 branches.

• New functionalities developed in Internet Banking :-

a) View Online Tax Statement 26 AS

b) On Line Cheque Book Request

c) SMS Alerts on addition of Beneficiary for NEFT Payment

d) E-Verification of Income Tax Returns through Net Banking

e) Temple donation in Internet Banking

f) TNVAT Tax Implementation

g) PKI functionality as 2FA.

• Bank has added six new Aggregator - PAYU, PAYTM, CITRUS, ATOM, TIMEMONEY, NUSPAY in internet Banking.

• Bank has increased the Limit of Fund Transfer in E-Banking from Rs 75,000.00 to Rs.2,00,000.00

• Value added services in Mobile Banking:-

a) Mobile Recharge/DTH Recharge/ Bill Payment

b) IMPS

c) Temple Donation

d) Mobile Banking app in Hindi

• Nine E-lobbies have since been opened

• To widen the spread of Electronic Delivery Channels, the Bank has installed 71 new ATMs during the Year 2015-16. Total number of ATMs of the Bank as on 31.03.2016 is 1341.

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vkarfjd fu;a=.kcSad esa çR;sd Lrj ij lqifjHkkf"kr nkf;Roksa ds lkFk vkarfjd fu;a=.k dh ç.kkyh gSA ;g vius fujh{k.k ,oa ys[kk ijh{kk foHkkx }kjk vkarfjd ys[kk ijh{k.k dks ifjpkfyr djrh gSA dk;Zdkfj;ksa dh ys[kk ijh{kk lfefr] tksfd çFke Lrjh; lfefr gS] fujh{k.k vkSj ys[kk ijh{k.k dk;Z ns[krh gSA cksMZ dh ys[kk ijh{k.k lfefr ¼,lhch½ i;Zos{k.k vkSj fujh{k.k ,oa ys[kk ijh{k.k foHkkx ds dk;ks± ij fu;a=.k djrh gSA

fujh{k.k ,oa ys[kk ijh{k.k ç.kkyh vkarfjd ys[kk ijh{k.k }kjk tksf[ke dh igpku] fu;a=.k vkSj çcaèku esa egRoiw.kZ Hkwfedk fuHkkrh gSA cSad ys[kk ijh{k.k djrk gS tSls tksf[ke vkèkkfjr vkarfjd ys[kk ijh{k.k ¼vkjchvkÃ,½] leorÊ ys[kk ijh{k.k ¼lhlh,½ vkÃ,l ys[kk ijh{k.k] çcaèku ys[kk ijh{k.k vkSj fujh{k.k ¼,e,vkÃ½ vkSj _.k ys[kk ijh{k.k ftlds }kjk vkarfjd ys[kk ijh{k.k ds fofHkUu igywvksa dh vko';drkvksa dks doj fd;k tkrk gSA cSad dh O;olkf;d Ãdkb;ka@dk;kZy; tksf[ke vkèkkfjr vkarfjd ys[kk ijh{k.k ¼vkjchvkÃ,½] leorÊ ys[kk ijh{k.k ¼lhlh,½ vkÃ,l ys[kk ijh{k.k ds vèkhu gS vkSj çcaèku ys[kk ijh{k.k ,oa fujh{k.k ds {ks= esa 22 vkapfyd dk;kZy; ,oa 27 ç'kklfud dk;kZy; vkrs gSa vkSj uhfr;ksa ,oa çfØ;kvksa dk fuèkkZj.k djrk gS] ds vfrfjä mlds fu"iknu dh xq.koÙkk vkSj #- 3 djksM+ ,oa mlls vfèkd ds _.k tksf[ke cká lunh ys[kkdkjksa ds ys[kk ijh{k.k ds vèkhu vkrs gSA

foÙkh; o"kZ 2015&2016 ds nkSjku] cSad dh 926 'kk[kkvksa esa tksf[ke vkèkkfjr vkarfjd ys[kk ijh{k.k fd;k x;k Fkk] 456 'kk[kkvksa@ dk;kZy;ksa dks leorÊ ys[kk ijh{k.k ç.kkyh ds varxZr yk;k x;k] 628 'kk[kkvksa@dk;kZy;ksa esa lwpuk ç.kkyh ys[kk ijh{k.k fd;k x;k vkSj 676 'kk[kkvksa esa lunh ys[kkdkjksa@lunh ys[kkdkjksa dh Qeks± dks fu;qä dj jktLo ys[kk ijh{k.k djk;k x;kA

fujh{k.k ,oa ys[kk ijh{k.k foHkkx yksd mRihM+u@f'kdk;rksa ds fuokj.k dh fuxjkuh djrk gSA foÙkh; o"kZ 2015&2016 ds nkSjku 1566 f'kdk;rsa çkIr gqÃ ftlesa ls 33 f'kdk;rsa fuokj.k gsrq çfØ;k esa gSA o"kZ ds nkSjku cSaÇdx yksdiky us cSad ds fo#) dksÃ vkns'k tkjh ugÈ fd;k gSA

la{ksi esa] Hkkjr ljdkj] fofu;ed rFkk blds vius cksMZ }kjk fuèkkZfjr dh xÃ çfØ;kvksa ,oa ç.kkfy;ksa ds vuqikyu dh fuxjkuh cSad dk fujh{k.k ,oa ys[kk ijh{k.k foHkkx çHkkoh #i ls dj jgk gSA

vuqikyu dk;Zdykifnukad 01@10@2009 ls vuqikyu foHkkx iw.kZ fodflr foHkkx ds #i esa dk;Z dj jgk gSA ,d c`gr~ vuqikyu&uhfr LFkkfir gSA o"kZ ds nkSjku çèkku dk;kZy;ksa ds fofHkUu foHkkxksa dh vuqikyu funsZf'kdkvksa dks rS;kj@v|frr fd;k x;kA

Hkkjrh; fjt+oZ cSad ds fn'kk&funsZ'kkuqlkj o"kZ ds nkSjku vkapfyd dk;kZy;ksa gsrq tksf[ke vkèkkfjr i;Zos{k.k ij ,d u;k ys[kk ijh{k.k çk#i ykxw fd;k x;k ftldks egkçcaèkdksa dh lfefr us vuqeksfnr fd;k FkkA Hkkjrh; cSad la?k }kjk çsf"kr tkap lwph ds vkèkkj ij cSad ds vuqikyu dk;ks± dks etcwrh çnku djus ds fy, cksMZ }kjk ,d y?kq vofèk rFkk nh?kZ vofèk dh ;kstuk vuqeksfnr dh xÃ FkhA vuqikyu foHkkx }kjk y?kq vofèk dh ;kstuk dks ykxw dj fn;k x;k gSA ,-,Q-vkÃ- ds i;Zos{k.k ds dkj.k vkj-ch-,l- d{k dks vuqikyu foHkkx ds lkFk lekfgr dj fn;k x;kA Hkk-fj- cSad us lwfpr fd;k gS fd gekjs cSad dks o"kZ 2016&17 ds i;Zos{k.k pØ esa lh-,-,e-Ã-,y-,l- i;Zos{k.k ls vkj-ch-,l- i;Zos{k.k esa çR;koÆrr dj fn;k tk;xkA çR;korZu dks ykxw djus ds fy, foHkkx us Hkk-fj- cSad dks cksMZ vuqeksfnr dk;Z ;kstuk çLrqr dj nh gSA

cSad esa vuqikyu dk;Z rFkk vuqikyu dk;Z ij tkjh vU; fn'kk&funsZ'kksa ds lacaèk esa Hkkjrh; fjt+oZ cSad }kjk fnukad 20 vçSy 2007 ds ifji= }kjk tkjh fd, x, fofHkUu fn'kk&funsZ'kksa dk foHkkx }kjk vuqikyu fd;k x;kA o"kZ ds nkSjku cSad us lqfuf'Pr fd;k gS fd lkafofèkd@fofu;ked rFkk dksÃ Hkh vU;r vfuok;Z visf{kr lwpuk fofu;ked@Hkkjr ljdkj vFkok vU;~ fdlh Hkh çkfèkdj.k dks Hkst nh xÃ gSA vuqikyu foHkkx us Hkk-fj- cSad@lsch@foÙk ea=ky; dks le; ls çLrqr dh tkus okyh foojf.k;ksa ds fy, Hkh çèkku dk;kZy; ds foHkkxksa ls dkjZokÃ djus dks dgkA foÙkh; o"kZ 2015&16 ds nkSjku tkjh fd, x, Hkk-fj- cSad ds lHkh ifji=ksa rFkk vkarfjd fn'kk&funsZ'kksa dh eq[;&eq[; ckrksa dks ekfld vkèkkj ij rS;kj fd;k x;k vkSj dkÆedksa ds lanHkZ ds fy, bUgsa cSad dh bUVªkusV lkbV ij Mkyk x;kA

;g Hkh lqfuf'pr fd;k x;k fd vkapfyd dk;kZy;] 'kk[kk,a rFkk foHkkx vius ifjpkyu eSuqvyksa ds o.kkZuqlkj djsA bu fØ;kdykiksa dh t‚ap okÆ"kd vuqikyu ys[kk ijh{kk ds t+fj, fu;fer #i ls rFkk fu;fer varjkyksa ij dqN 'kk[kkvksa dh vkdfLed çfr&tkap }kjk dh tkrh gSA

tu&laidZ ,oaa izpkj&izlkjfoÙkh;&o"kZ 2015&16 ds nkSjku cSad us tu&leqnk; ds chp esa rFkk d‚jiksjsV Lrj ij vPNh Nfo cukus ds fy, ,d eYVh&ehfM;k uhfr viukÃ gS rFkk cSad us laiw.kZ Hkkjro"kZ ds ukxfjdksa dks è;ku esa j[krs gq, ÇçV ehfM;k esa vius mRiknksa] lafonkvksa] foÙkh; rFkk vU;s fMLiys@lwpukvksa dks fofHkUu lekpkj&i=ksa] if=dkvksa] Lekfjdkvksa esa çdkf'kr dj çpkj&çlkj fd;k gSA

cSad us vR;fèkd egRoiw.kZ dk;ZØeksa tSls fd lqjthr g‚dh VwukZesaV] tokgj yky usg# g‚dh VwukZesaV] Vh&20 fdØsV VwukZesaV rFkk foÜo iatkch laxBu }kjk èkwe&èkke ls vk;ksftr cS'kk[kh laè;k ,oa d‚jiksjsV ç[;kfr;ksa dks vius vkmVMksj çpkj lkexzh vFkkZr~ cSujksa o gksÉMxksa }kjk ve`rlj gokÃ vìs esa çk;kstu rFkk çn'kZu ls cSad dh igq¡p dk foLrkj fd;kA cSad us vius oky dSysaMj] 2016 ds ekè;e ls Hkh cgqr çflf) çkIr dh ftldks xzkgdksa vkSj 'kqHkfpUrdksa ds chp esa cgqrk;r ls ckaVk x;kA

cSad us ÇçV ehfM;k }kjk çsl foKfIr {ks= ds ekè;e ls Hkh O;kid çflf) çkIr dhA bu lHkh dk;ks± }kjk cSad dks iqu% jk"Vª lsok gsrq Lo;a dks leÆir djus dk lqvolj feyk rFkk çpkj&çlkj ds Lrj ij vk'kkrhr [;kfr çkIr gqÃA

Punjab & Sind Bank


INTERNAL CONTROLSThe Bank has in-built internal control systems with well–defined responsibilities at each level. It conducts internal audit through its Inspection & Audit Department. Audit Committee of Executives, being first tier Committees oversees the Inspection & Audit function. The Audit Committee of the Board (ACB) exercises supervision and control over the functioning of the Inspection & Audit Department.

The inspection & audit system plays an important role in identification, control and management of risks through internal audit functions. The Bank carries out audits- like Risk Based Internal Audit (RBIA), Concurrent Audit (CCA), IS Audit, Management Audit & Inspection (MAI) and Credit Audit, through which different facets of Internal Audit requirements are covered. The Bank’s business units/offices are subjected to RBIA CCA & IS Audit and Bank’s Management Audit & Inspection covers 22 Zonal Offices & 27 Administrative Offices and examines policies and procedures, besides quality of execution thereof and credit exposures of Rs. 3 crore & above are subjected to Credit Audit by external Auditors.

During FY 2015-16, Risk Based Internal Audit was concluded in 926 branches of the Bank, 456 branches/offices were brought under Concurrent audit system, the Information System Audit was conducted in 628 branches/offices and 676 Branches were subjected to Revenue audit be engaging services of CAs/CA firms.

The Inspection & Audit Department is monitoring redressal of public grievances/ complaints. During FY 2015-16, 1566 complaints were received of which 33 complaints are in process for redressal. The Banking ombudsman did not pass any award against the Bank during the year.

To summarize, Bank’s Inspection & Audit Department has been effectively monitoring the compliance of the system & procedures laid down by its own Board, the Regulator and the Government of India.

COMPLIANCE FUNCTIONFull-fledged Compliance Department is working since 01/10/2009. A comprehensive Compliance-policy is in place. Compliance Manuals of various HO Departments were drafted/updated during the year.

As per RBI guidelines a New Audit format based on Risk Based Supervision for Zonal Offices was introduced during the year duly approved by GMs committee. A short term and long term action plan was approved by the Board for strengthening of Bank’s Compliance functions on the basis of check list sent by IBA. The short term plan has been implemented by Compliance Deptt. Consequent to AFI observations RBS cell was merged with Compliance Department. RBI has intimated that our Bank will be migrated from CAMELS supervision to RBS supervision from the supervisory cycle of 2016-2017. For implementation of migration, Bank has submitted Board approved action plan to the RBI.

The Bank has followed various guidelines issued by RBI in its Circular dated April 20, 2007 on Compliance Functions in Bank and other guidelines issued on Compliance Functions. During the year Compliance Department has ensured that Statutory/Regulatory and other mandatory information required by the Regulator/GOI or any other Authority, has been sent. The compliance department also pursued HO Departments for timely submission of returns to RBI/SEBI/MOF. Gists of all RBI circulars and Internal guidelines, issued during the FY 2015-16, were prepared on monthly basis and were placed on the intranet site of the Bank for reference of the staff.

It was also ensured that the functioning of Branches, Zonal Offices and HO Departments is synchronized with their Functional Manuals. This functioning has been regularly checked through Annual Compliance Audits and random cross-checking of some of the branches at regular intervals.

PUBLIC RELATION AND PUBLICITYDuring the financial year 2015-16, the Bank adopted a multi-media strategy to build up its image in Public and at the corporate level and accordingly publicity was made through the print media by release of its product, tender, financial and other display/notice ads in different newspapers, magazines and souvenirs targeting various audiences all over the country.

Bank also used outdoor publicity tools i.e. Sponsorship and Display of Banners & Hoardings on events of high publicity value e.g. Surjit Hocket Tournament, Jawahar Lal Nehru Hockey Tournament, Gala Baisakhi Evening organized by World Punjabi Organization and corporate publicity through hoardings at Amritsar Airport facilitated extension of outreach of the Bank. Bank also received immense publicity through the Bank’s Wall Calendar 2016 which was widely distributed among clients and well wishers of the Bank.

Bank got huge publicity by way of coverage of its press releases by the print media. All these activities facilitated the Bank to rededicate itself to the service of the nation and enabled it to earn a well deserved mileage on the publicity front.

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lrdZrk

lrdZrk fuokjd cSad us fujksèkkRed lrdZrk ds mik; ds #i esa rFkk dkÆedksa dks Hkz"Vkpkj eqä ifjos'k ds çfr laosnu'khy cukus ds mís'; ls lrdZrk ç'kklu rFkk vuq'kklukRed dkjZokÃ ij nks fnu dh dk;Z'kkyk@çf'k{k.k dk vk;kstu fd;kA Jh fot; dqekj nso] vkÃ-,-,l-] vk;qä lykgdkj] paMhx<+ us dk;ZØe dk mn~?kkVu fd;kA Jh vkj-,u- uk;d] funs'kd vkSj Jh jkts'k oekZ] ekuuh; lhohlh ds lykgdkj us ewY;oku l= esa fofHkUu igyqvksa ij çdk'k MkykA

fnukad 26 vDVwcj] 2015 dks cSad us ÞlrdZrk tkx#drk lIrkgß ds nkSjku fnYyh ds bf.M;k baVjus'kuy lsaVj esa çeq[k lekjksg vk;ksftr fd;kA dsaæh; lrdZrk vk;ksx ds lrdZrk vk;qä Jh Vh ,e Hklhu] eq[; vfrfFk ds #i esa us lekjksg dh 'kksHkk c<+kbZ vkSj cSad ds mPpkfèkdkfj;ksa] laLFkku@ d‚yst@Ldwy ds Nk=& lewgksa dks lacksfèkr fd;kA igyh ckj gekjs foHkkx }kjk ih,lch & fofty] ,d frekgh lekpkj if=dk dk foekspu fd;k x;kA rRi'pkr~] lIrkg ds nkSjku fnYyh ds fofHkUu Ldwyksa@d‚ystksa@laLFkkuksa esa 20 vU; dk;ZØeksa dk vk;kstu fd;k x;k vkSj muesa ls ,d dk;ZØe esa dsaæh; lrdZrk vk;ksx ds vks-,l-Mh- Jh ts fouksn dqekj us vè;{krk dhA bl volj ij iwjs ns'k esa 'kk[kk Lrj ij 162 Ldwyksa esa fofoèk dk;ZØeksa dk vk;kstu fd;k x;k ftlesa 17235 Nk=ksa us Hkkx fy;kA

ekuuh; dsaæh; lrdZrk vk;qä }kjk lrdZrk tkx#drk lIrkg ds voyksdu esa bl o"kZ ds fo"k; Þlq'kklu ds çHkkoh mik; ds #i esa fuokjd lrdZrkß ds leku rFkk cM+s _.k [kkrksa esa jktLo pksjh lacaèkh frekgh@fofHkUu lzksrksa ls çkIr lwpuk ds vkèkkj ij geus gekjs lrdZrk vfèkdkjh }kjk uewuk vkèkkj ij cM+s _.k [kkrksa dh Loh—fr gsrq vuqikyu fu;eksa ,oa 'krks± dh tk¡p ds fy, Þfe'ku daIyk;alß ds uke ls ,d fo'ks"k vfHk;ku dh 'kq#vkr dh gS%

naMkRed lrdZrkvuq'kklukRed dkjZokÃ lacafèkr ekeyksa dh la[;k dks de djus gsrq fo'ks"k è;ku fn;k x;kA rRi'pkr~] 6 ekg ls vfèkd iqjkus foospuk ds ekeyksa esa] gekjk ç;kl jgk gS fd budh la[;k u dsoy ,d vad rd ykus dk ç;kl fd;k tk, vfirq bls U;wure lEHko Lrj ij yk;k tk, vkSj ifj.kkeLo#i ge bls 'kwU; rd ykus esa lQy jgsA bu ekeyksa dh rqyukRed fLFkfr fuEu gS(

2012&13 2013&14 2014&15 2015&166 ekg ls vfèkd yafcr foospuk 03 07 01 00

leLr Lrjksa ij gekjh fujarj fuxjkuh] fo'ks"kr;k% lhohlh@Mh,Q,l@lhchvkÃ ls çkIr] f'kdk;rksa ds fuiVku esa ldkjkRed ifj.kke çkIr fd, gS ,oa bls ?kVkdj U;wure@'kwU; dj fn;k] tksfd uhps fn, x, MkVk@Vscy bldk çek.k gS%

31-03-2013 31-03-2014 31-03-2015 31-03-2016lhohlh ls lacafèkr yafcr f'kdk;r 02 02 01 00

ge lqj{kkRed lrdZrk ij vfèkd è;ku ns jgs gSa vkSj laLFkk ds leLr dkÆedksa esa gekjs lqj{kkRed lrdZrk ds mik;ksa@tkx#drk iw.kZ ç;klksa ds ifj.kke Lo#i vkjksi i= tkjh djus dh la[;k vkSj lrdZrk ekeyksa dh la[;k esa le; ds vuqlkj fxjkoV vkÃ tksfd fuEu ls çdV gksrk gS%&

2012&13 2013&14 2014&15 2015&16yafcr lrdZrk ekeys 133 75 70 58tkjh fd, x, vkjksi i= 151 102 63 56

cSad esa fujarj fuxjkuh vkSj vkarfjd fu;a=.k ra= dh etcwrh ij cy nsus ls èkks[kkèkM+h esa fxjkoV ns[kh tk ldrh gS] tksfd uhps lkj.kh esa ifjyf{kr gSA

2013&14 2014&15 2015&16foÙkh; o"kZ ds nkSjku lwfpr fd, x, u, èkks[kkèkM+h ds ekeyksa dh la[;k 35 31 12o"kks± ds nkSjku lafpr èkks[kkèkM+h ds ekeyksa dh dqy la[;k 450 446 442

Punjab & Sind Bank


VIGILANCEPREVENTIVE VIGILANCEAs a measure of preventive vigilance and also to sensitize the staff towards a corruption free environment, the Bank organized two days workshop/ training on Vigilance Administration & Disciplinary Proceedings The programme was inaugurated by Shri. Vijay Kumar Dev, IAS, Advisor to the Commissioner, Chandigarh. Shri. R.N Nayak, Director and Shri. Rajesh Verma, Advisor from Hon’ble CVC had also valuable sessions on various aspects.

During “Vigilance Awareness Week”, the Bank organized its main function at India International Centre, New Delhi on 26th October, 2015. Sh T M Bhasin, Vigilance Commissioner, Central Vigilance Commission, being Chief Guest graced the occasion and addressed the gathering of students from School /College/Institute and Senior Functionaries of the Bank. A quarterly newsletter namely PSB-Vigil was brought out during this function for the first time. Thereafter, during the week 20 other programmes were also organized in different Schools / Colleges / Institutions in Delhi and one of the programme was presided by Sh J Vinod Kumar, OSD, Central Vigilance Commission. On the occasion, various programmes were organized at the Bank level across the country at 162 schools where 17235 students participated.

In line with this year’s theme observing Vigilance Awareness Week by Hon’ble CVC “Preventive Vigilance as a tool of good governance” and on the basis of information received from various sources / quarters regarding Revenue Leakage in Big Borrowal Accounts, a special drive under the name “Mission Compliance” i.e. checking of the compliance of terms and conditions of sanction in big borrowal accounts by Vigilance Officers on sample basis.

PUNITIVE VIGILANCE Special thrust was given, to bring down the pendency of disciplinary action cases. In respect of enquiries for more than 6 months old, endeavor was not only to bring down the number of enquiries not only to a single digit but to a minimum possible level and as a result NIL pendency was achieved. The comparative position of such cases is given below:

2012-13 2013-14 2014-15 2015-16Pending inquiries more than 6 months old 03 07 01 00

Constant monitoring at all levels has yielded positive result as pendency of complaints especially received from CVC / DFS / CBI, has reduced to bare minimum/NIL, as is evident from the data / table given below:

31.03.13 31.03.14 31.03.15 31.03.16Pending CVC referred Complaints 02 02 01 00

With focus on preventive vigilance and as a result of preventive vigilance measures / awareness efforts amongst the staff members across the organization, the number of issuance of Charge Sheet and number of Vigilance Cases has declined over the period which is evident from the below:

2012 - 13 2013 - 14 2014 - 15 2015 – 16Vigilance Cases pending 133 75 70 58Charge Sheet issued 151 102 63 56

With constant monitoring and emphasis on strengthening the internal control mechanism in the Bank, there is considerable decline in fraud, as is evident from table below.

2013-14 2014-15 2015-16Number of Fresh Frauds Reported during the Financial Year 35 31 12Total Number of Frauds cumulative over the years 450 446 442

iatkc ,.M fla/ cSad


lqj{kkcSad dh laxBukRed lajpuk esa lq–<+ lqj{kk O;oLFkk iw.kZ #i ls LFkkfir gSA cSad lHkh djsalh psLVksa ,oa 'kk[kkvksa esa lqj{kk O;oLFkk dh fu;fer leh{kk dj jgk gS rnuqlkj] cSad esa çcy lqj{kk ifj–'; cukus gsrq lqj{kk çcaèkuksa dh xfr dks rst fd;k x;k gS rkfd cSad dh lqj{kk O;oLFkk dks vkSj vfèkd çHkkoh ]vkèkqfud rFkk vckfèkr lqj{kk ç.kkyh cukus ds fy, etcwr fd;k x;k gSA Hkkjrh; fjt+oZ cSad@Hkkjrh; cSaÇdx la?k ds fn'kk&funsZ'kksa ds vuqlkj vko';d ,oa vfuok;Z lqj{kk çcaèku dh O;oLFkk cSad dh yxHkx lHkh 'kk[kkvksa esa miyCèk djokÃ xÃ gSA

lHkh 'kk[kk dk;kZy;ksa ,oa djsalh psLVksa esa lqj{kk vykeZ flLVe LFkkfir gSA Hkkjrh; fjt+oZ cSad ds fofuÆn"Vksa ds vuq#i vfèkdka'k 'kk[kkvksa esa LVªkax #e LFkkfir fd, x, gSA

djsalh psLV@'kk[kkvksa esa rSukr 'kL=èkkjh xkMks± dks okÆ"kd vkèkkj ij Qk;Çjx vH;kl lfgr çf'k{k.k çnku fd;k tkrk gS rFkk lHkh lqj{kk vfèkdkfj;ksa dks o"kZ esa ,d ckj lqj{kk lacaèkh iqu'p;kZ çf'k{k.k Hkh fn;k tkrk gSA

vkrad dh vuqHkwfr] udnh dh ek=k vkSj cgqewY; oLrqvksa rFkk fujarj fuxjkuh dh vko';drk dks –f"Vdks.k esa j[krs gq,] çFke pj.k esa] leLr djsalh psLVksa dh 'kk[kkvksa rFkk fpfàr dh xÃ 738 mPp tksf[ke o vfrlaosnu'khy 'kk[kkvksa esa lh-lh-Vh-oh- fuxjkuh i)fr laLFkkfir djok nh xÃ gSA 'ks"k 'kk[kkvksa esa Hkh vfr 'kh?kz lh-lh-Vh-oh- fuxjkuh i)fr laLFkkfir dj nh tk,xhA

jktHkk"kk dk;kZUo;u %o"kZ 2015&16 jktHkk"kk dk;kZUo;u ds –f"Vdks.k ls miyfCèk;ksa Hkjk o"kZ jgkA foÙk ea=ky;] foÙkh; lsok,a foHkkx }kjk gekjs cSad }kjk çdkf'kr f=Hkk"kh 'kCnkoyh ¼vaxzst+h] Çgnh ,oa iatkch½ ds fy, rFkk cSad esa çknsf'kd Hkk"kkvksa dks c<+kok nsus ds fy, nks ç'kfLr&i= Hkh tkjh fd, x,A

cSad dh if=dk ÞjktHkk"kk vadqj* esa dfri; u, ,oa vuwBs ç;ksx fd, x,A cSad us if=dk esa ÇgnhÙkj çknsf'kd Hkk"kkvksa dks egROiw.kZ LFkku nsuk çkjaHk fd;k gS ftldh cSaÇdx m|ksx esa Hkwfj&Hkwfj ç'kalk dh xÃ gSA bl ç;ksx esa vHkh rd mfM+;k] caxyk] laFkkyh vkSj vlfe;k Hkk"kkvksa dh lkexzh dks muds Çgnh #i lfgr çdkf'kr fd;k tk pqdk gSA blds vfrfjäa cSad us cSad ds mPpkafèkdkfj;ksa ds fy, Hkh ,d vuwBh igy dh gSA lHkh mPpk~fèkdkfj;ksa dks gj fnu ^vkt dk 'kCn* vkSj Çgnh dh ,d iafä~] ,l,e,l ds ekè;e ls Hksth tk jgh gSA

foÙkh; o"kZ 2015&16 ds nkSjku cSad esa Hkkjr ljdkj dh jktHkk"kk uhfr ds dk;kZUo;u ,oa jktHkk"kk Çgnh ds çxkeh ç;ksx ds çpkj&çlkj esa vk'kkrhr çxfr dh xÃA dqy 60 dk;Z'kkykvksa dk vk;kstu fd;k x;k] ftuesa 847 LVkQ lnL;ksa dks çf'kf{kr fd;k x;kA blds vfrfjä 672 'kk[kkvksa esa vk;ksftr MSLd çf'k{k.k dk;ZØeksa esa 2938 dkÆedksa dks Çgnh ds ç;ksx dk çf'k{k.k rFkk daI;wVj ij ;wfudksM çf'k{k.k Hkh fn;k x;kA cSad esa jktHkk"kk ds ç;ksx dh fLFkfr dh leh{kk djus ds mís'; ls dqy 732 'kk[kkvksa@dk;kZy;ksa ds fujh{k.k fd, x,A o"kZ ds nkSjku Hkkjr ljdkj] foÙk&ea=ky;] foÙkh; lsok,a foHkkx ds funsZ'kkuqlkj 968 'kk[kkvksa@foHkkxksa esa ÞefLr"d eaFkuß dk;ZØeksa dk vk;kstu fd;k x;kA

[ksy&dwn

cSad dh g‚dh Vhe ds fuEufyf[kr f[kykfM+;ksa us ns'k dk çfrfufèkRo fd;k%

Jh jeunhi Çlg Jh gjchj Çlg Jh lrchj Çlg

Jh çcnhi Çlg Jh gjtksr Çlg

ghjks lewg ds çk;kstu rFkk g‚dh bf.M;k }kjk vk;ksftr bf.M;u çhfe;j yhx 2016 esa fofoèk Vheksa dh vksj ls 6 f[kykfM+;ksa us çfrfufèkRo fd;kA dsjy esa vk;ksftr jk"Vªh; [ksy] 2015 esa lothr Çlg] xqjbdcky Çlg] ,oa foØethr Çlg us iatkc jkT; dk çfrfufèkRo fd;kA

o"kZ 2015&16 ds fy, Jh cythr Çlg lSuh ¼vksyfEi;u½] Hkkjrh; efgyk g‚dh Vhe ds dksp fu;qä fd, x, FksA

dsjy esa vk;ksftr jk"Vªh; [ksy] 2015 ds fy, Jh latho dqekj ¼vksyfEi;u½ iatkc jkT; g‚dh Vhe ds eq[; dksp FksA

lkekU; ç'kklufoHkkx cSad LokfeRo ds ifjlj ij fuekZ.k dk;Z@ifj;kstuk dk;Z djk jgk gS vkSj fofuÆn"V oLrqvksa@lsokvksa dks Ø; djus ls Hkh tqM+k gqvk gSA o"kZ ds nkSjku pkj ifj;kstuk,a tSls xqM+xkao] QksVZ eqEcÃ] vkSj uks,Mk ¼lsDVj 49 ,oa 63 nksuksa½ esa cSad ifjlj dk fuekZ.k dk;Z iwjk gks pqdk gS rFkk mä ifjljksa esa dk;kZy;@'kk[kk,a dk;Zjr gSaA 'ks"k ifj;kstuk,a Hkh lekiu voLFkk esa gS rFkk foÙkh; o"kZ 2016&17 esa jksfg.kh vkSj jathr uxj esa cSad ifjlj dk fuekZ.k dk;Z iw.kZ gksus dh laHkkouk gSA

Punjab & Sind Bank


SECURITY The Bank has a well established Security set-up within the Bank's organizational structure. The Bank has been regularly reviewing the security arrangements at all Currency Chests and branches and accordingly strengthening the security arrangements to meet prevailing security scenario with effective, modern and unobstructed Security Systems. All the essential and mandatory security arrangements in terms of RBI/ IBA guidelines are provided at almost all branches.

Security Alarm Systems are installed at all branches and currency chests. Strong Room conforming to RBI specification are provided at majority of branches.

Training, including firing practice, for Armed Guards deployed at currency chests / branches is imparted on an annual basis. Also, all the security officers undergo refresher training on security once in a year.

Keeping in view the threat perception, volume of cash and valuables handled and need for continuous surveillance, CCTV Surveillance System has been installed at all the Currency chest branches and 738 identified High Risk and vulnerable branches in the first phase. CCTV systems shall be installed at remaining branches at the earliest.

IMPLEMENTATION OF OFFICIAL LANGUAGE Year 2015-16 was the year of achievements in Official Language implementation. Ministry of Finance, Department of Financial Services awarded our Bank with Two Letters of Appreciation for publishing Tri-Language Glossary (English, Hindi & Punjabi) and for promoting Regional Languages.

Some new and innovative experiments were made in Bank’s Magazine “Rajbhasha Ankur”. Besides Hindi, the Bank has encouraged Regional Languages in the magazine and this initiative has been richly complemented in banking industry. So far, material in Odiya, Bengali, Santhali and Assamese languages have been published with their Hindi versions. The Bank also had a unique initiative for its executives. "Aaj ka Shabd" and a line on Rajbhasha is being sent to all executives via SMS.

During the financial year 2015-16, the Bank made significant progress in implementation of official language Policy of Govt. of India for promoting and propagating the use of Official Language in the Bank. A total of 60 workshops were organized, in which 847 staff members were trained. Besides this, in 672 Hindi Desk Training Programmes, 2938 staff members were imparted training for using official language and Unicode training on Computers. With the aim of reviewing the progress of Official Language, inspections were conducted in 732 Branches / offices. As per directions of MOF, Department of Financial Services “Mastishk - Manthan” Programmes were organized in 968 offices / branches of the Bank.

SPORTSThe following players of the Bank’s Hockey Team have represented the Country:

Sh. Ramandeep Singh Sh. Harbir Singh Sh. Satbir Singh

Sh. Prabdeep Singh Sh. Harjot Singh

6 players represented Indian Premier League 2016 from different teams, which was organized by Hockey India with the sponsorship of HERO Group.

Sh. Sarvanjit Singh, Sh. Guriqbal Singh, Sh. Gautampal Singh, Sh. Vikramjit Singh represented Punjab state in National Games held at Kerala 2015.

Sh. Baljit Singh Saini (Olympian) was appointed as Coach of Indian Women Hockey Team for 2015-16.

Sh. Sanjeev Kumar (Olympian) was the Chief Coach of Punjab State Hockey team for National Games 2015 held at Kerala.

GENERAL ADMINISTRATIONThe Bank is undertaking construction works/projects on its owned premises and is also involved in the procurement of assigned Goods/Services. Projects viz. Construction of Bank building at Gurgaon, Fort Mumbai and Noida have been completed and the offices/branches are functional in the said premises. The remaining projects are in their completion stages and the construction of Bank buildings at Rohini and Ranjit Nagar are likely to be completed in FY 2016-17.

iatkc ,.M fla/ cSad


funs'kd eaMy dk xBu31 ekpZ] 2016 dks funs'kd eaMy esa rhu iw.kZ dkfyd funs'kdksa vFkkZr vè;{k ,oa çcaèk funs'kd rFkk nks dk;Zdkjh funs'kdksa ds vfrfjä lkr vU; funs'kdksa ftlesa foÙk&ea=ky;] Hkkjrh; fjt+oZ cSad ds çfrfufèk;ksa] nks 'ks;jèkkjd funs'kdksa rFkk rhu va'k&dkfyd xSj&vfèkdkfjd funs'kdksa dks lfEefyr fd;k x;k gSA

cSad ekeyksa ds fu;a=.k ,oa dk;Z fuxjkuh gsrq xfBr cksMZ dh fofHkUu lfefr;ksa dh lwph uhps nh xÃ gS

Û çcaèku lfefr

Û ys[kk ijh{kk lfefr

Û tksf[k+e çcaèku lfefr

Û cM+h jkf'k;ksa dh èkks[kkèkfM+;ksa dh fuxjkuh gsrq lfefr

Û lrdZrk lfefr

Û xzkgd lsok lfefr

Û va'kèkkjd lacaèk lfefr

Û lwpuk çkS|ksfxdh uhfr lfefr

Û ekuo lalkèkku lfefr

Û cksMZ dh iquÆopkj@leh{kk lfefr

Û ikfjJfed lfefr

Û dk;Zdkfj;ksa dh inksUufr ij cksMZ lfefr

Û olwyh dh fuxjkuh gsrq lfefr

Û lkoZtfud {ks= ds cSad esa ernku }kjk 'ks;jèkkjd funs'kd ds p;u gsrq lfefr

o"kZ 2015&16 ds nkSjku cksMZ dh vU; lfefr;ksa dh cSBdksa ds vfrfjä] cksMZ funs'kdksa dh ukS cSBdsa] cksMZ dh çcaèku lfefr dh X;kjg cSBdsa rFkk ys[kk ijh{kk lfefr dh lkr cSBdsa vk;ksftr dh xb±A

o"kZ 2015&16 ds nkSjku cSad ds cksMZ funs'kdksa ds fu;kstu esa fuEufyf[kr ifjorZu gq,%

lekos'kuÛ Jh ,-ds- tSu dks cSad ds dk;Zdkjh funs'kd ds #i esa foÙk ea=ky;] foÙkh; lsok,a foHkkx] Hkkjr ljdkj] uÃ fnYyh ds fnukad 15-12-2015

dh vfèklwpuk la[;k ,Q-u- 4@5@2013&chvks&I ds ekè;e ls fu;qä fd;k x;kA

Û Jh vruq lsu dks cSad ds va'k dkfyd xSj ljdkjh ukfer funs'kd ds #i esa foÙk ea=ky;] foÙkh; lsok,a foHkkx] Hkkjr ljdkj] uÃ fnYyh ds fnukad 28-01-2016 dh vfèklwpuk la[;k ,Q-u- 6@24@2015 &chvks&I ds ekè;e ls ukfer fd;k x;kA

lsok lekfIrÛ Jh egs'k dqekj xqIrk us lunh ys[kkdkj oxZ ds funs'kd ds #i esa fnukad 29-01-2016 dks viuk dk;Zdky iw.kZ fd;kA

d‚iksZjsV xous±l%cSad vPNs fuxfer ç'kklu ds fy, çfrc) gS rFkk bls vkSj vfèkd et+cwr djus dk fujarj ç;kl dj jgk gS rkfd laxBu esa lHkh Lrj ij vkSj vfèkd ikjnÆ'krk o csgrj leUo; lqfuf'pr fd;k tk ldsA cSad dh dk;Z&ç.kkyh cSad ds ikjn'kÊ LokfeRo ljapkuk,a] tksf[ke çcaèku dk;Z&ç.kkyh esa lqèkkj] lqfu;ksftr rjhds ls 'kfä;ksa dks lkSaiuk] tokcnsgh rFkk fujh{k.k ,oa ys[kk&ijh{kk çHkkx rFkk lkafofèkd dsUæh; ys[kk&ijh{kdksa }kjk fd, x, foLr`r ys[kk dk;ks± dks n'kkZrh gSA

cSad fuxfer ç'kklu ls lacafèkr ekeys esa lsch rFkk Hkkjrh; fjt+oZ cSad ds fn'kk&funsZ'kksa dk ikyu djrk gS ftldh tkap dsUæh; lkafofèkd ys[kk&ijh{kdksa }kjk dh tkrh gSA

Punjab & Sind Bank


CONSTITUTION OF BOARD OF DIRECTORSAs on 31st March 2016, the Board comprised of three Whole Time Directors viz Chairman & Managing Director and two Executive Directors besides seven other Directors including representatives from Ministry of Finance, Reserve Bank of India, two Share Holder Directors and three Part Time Non Official Directors.

Various Committees constituted under the Board as listed below, oversee the functioning and control the affairs of the Bank:

• Management Committee

• Audit Committee

• Risk Management Committee

• Committee for Monitoring of Large Value Frauds

• Vigilance Committee

• Customer Service Committee

• Stakeholders Relationship Committee

• IT Strategy Committee

• HR Committee

• Committee of Board on Appellate/Reviewing Authority

• Remuneration Committee

• Committee of Board on Executives’ Promotion

• Committee for Monitoring of Recovery

• Election of Shareholders Director Committee Voting by Public Sector Bank

During the year 2015-16, nine meetings of the Board of Directors, eleven meetings of the Management Committee and seven meetings of the Audit Committee of the Board were held, besides meetings of other Committees of the Board.

The constitution of Bank’s Board of Directors underwent following changes during the year 2015-16:

INCLUSIONS• Sh. A. K. Jain was appointed as Executive Director of the Bank vide Government of India, Ministry of Finance, Department of

Financial Services, New Delhi Notification No. F.No. 4/5/2013-BO-I dated 15.12.2015.

• Sh. Atanu Sen was nominated as Part Time Non Official Director of the Bank vide Government of India, Ministry of Finance, Department of Financial Services, New Delhi Notification No.F.No. 6/24/2015-BO-I dated 28.01.2016.

CESSATIONS• Sh. Mahesh Kumar Gupta completed his term as CA Category Director on 29.01.2016

CORPORATE GOVERNANCE The Bank is committed to good Corporate Governance and is constantly striving to further strengthen the same to ensure greater transparency and better coordination at all levels in the Organization. The working of the Bank reflects transparent ownership structure, improved risk management practices, well defined delegation of powers, accountability and an elaborate audit function carried out by both its Inspection & Audit Division and by independent Statutory Central Auditors.

Bank has complied with the guidelines of RBI and SEBI on the matters relating to Corporate Governance which have been examined by the Statutory Central Auditors.

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funs'kdksa ds mÙkjnkf;Ro dh fooj.khfuns'kdksa us iqf"V dh gS fd 31 ekpZ] 2016 dks lekIr o"kZ ds fy, okÆ"kd ys[kksa dks rS;kj djus esa &

Û ykxw ys[kk&ekudksa ds lkFk&lkFk ekud lkexzh ls lEcfUèkr mfpr O;k[;k] ;fn dksÃ gS] dk ikyu fd;k x;k gSA

Û Hkkjrh; fjt+oZ cSad ds fn'kk&funsZ'kksa ds vuq#i cukÃ xÃ ys[kkadu uhfr;ksa dks fu;fer #i ls ykxw fd;k x;k gSA

Û foÙkh;&o"kZ ds var esa rFkk 31 ekpZ] 2016 dks lekIr o"kZ esa cSad ds ykHk gsrq cSad ds dk;Zdykiksa dk okLrfod rFkk mfpr fooj.k çLrqr djus gsrq ;Fkksfpr fu.kZ; rFkk iwokZuqeku yxk, x, gSaA

Û Hkkjr esa cSadksa ij ykxw dkuwuksa ds çkoèkkuksa ds vuqlkj ys[kk vfHkys[kksa ds mfpr ,oa i;kZIr vuqj{k.k ds fy, mfpr rFkk i;kZIr è;ku j[kk x;k gS rFkk [kkrksa dks vfojy çfØ;k ds vkèkkj ij rS;kj fd;k x;k gSA

lkafofèkd ys[kk ijh{k.ktSlk fd Hkkjrh; fjt+oZ cSad }kjk vuqeksfnr gS] cSad us lekIr o"kZ 31 ekpZ] 2016 ds ys[kkadu o"kZ gsrq eSllZ f<+Yyksa ,.M ,lksf'k,V ]paMhx<+( eSllZ frokjh ,.M ,lksf'ks,V] uÃ fnYyh( eSllZ èkou ,.M dEiuh] uÃ fnYyh( rFkk eSllZ nÇonj iky Çlg ,.M dEiuh gksf'k;kjiqj] dks dsaæh; lkafofèkd ys[kkdkjksa ds #i esa fu;qä fd;k gSA

vfHkLoh—fr;ka%cSad dk funs'kd e.My ewY;oku xzkgdksa] 'ks;j èkkjdksa] 'kqHkÇprdksa vkSj cSad ds Hkkjr rFkk fons'kksa esa muds laoknnkrkvksa ds laj{k.k] lnHkkouk ,oa leFkZu ds fy, èkU;okn nsrk gSA

funs'kd e.My cSad ds dkedkt ds fy, Hkkjr ljdkj] Hkkjrh; fjt+oZ cSad] Hkkjrh; çfrHkwfr ,oa fofue; cksMZ¼lsch½] LV‚d ,Dlpsatksa] fofHkUu jkT; ljdkjksa] foÙkh; laLFkkuksa vkSj cSad ds lkafofèkd dsaæh; ys[kk&ijh{kdksa ls çkIr ewY;oku vkSj le; ij lykg] ekxZn'kZu rFkk lg;ksx dks —rKrk ds lkFk Lohdkj djrk gSA

funs'kd e.My o"kZ ds nkSjku lHkh Lrjksa ij cSad dh çxfr gsrq LVkQ&lnL;ksa ds cgqewY; ;ksxnku ds fy, Hkjiwj ljkguk djrk gS rFkk vk'kk djrk gS fd vkus okys o"kks± esa cSad dks fuxfer y{;ksa dh çkfIr esa budk lrr~ lg;ksx çkIr gksrk jgsxkA


LFkku % ubZ fnYyh tfrUnjchj flag fnukad % 10 ebZ] 2016 v/;{k ,oa çca/k funs'kd

Punjab & Sind Bank


DIRECTORS’ RESPONSIBILITY STATEMENTSThe Directors confirm that in the preparation of the Annual Accounts for the year ended 31st March, 2016:

• The applicable accounting standards have been followed along with proper explanation relating to material departures, if any.

• The accounting policies framed in accordance with the guidelines of the Reserve Bank of India, were consistently applied.

• Reasonable and prudent judgment and estimates were made so as to give a true and fair view of the state of affairs of the Bank at the end of the financial year and of the profit of the bank for the year ended on 31st March, 2016.

• Proper and sufficient care was taken for the maintenance of adequate accounting records in accordance with the provisions of applicable laws Governing Banks in India and the accounts have been prepared on a going concern basis.

STAUTORY AUDIT As approved by Reserve Bank of India, Bank has appointed M/s Dhillon & Associates, Chandigarh; M/s Tiwari & Associates, New Delhi; M/s Dhawan & Co., New Delhi and M/s Davinder Pal Singh & Co., Hoshiarpur as Statutory Central Auditors for the accounting year ended March 2016.

ACKNOWLEDGEMENTSThe Board of Directors of the Bank thanks valued customers, shareholders, well-wishers and correspondents of the Bank in India and abroad for their goodwill, patronage and continued support.

The Directors also acknowledge with gratitude the valuable and timely advice, guidance and support received from Government of India, Reserve Bank of India, Securities and Exchange Board of India (SEBI), Stock Exchanges of various State Governments, Financial Institutions and the Statutory Central Auditors of the Bank in the functioning of the Bank.

The Directors place on record their deep appreciation for the valuable contribution of the members of the staff at all levels for the progress of the Bank during the year and look forward to their continued co-operation in realization of the Corporate goals in years ahead.

For and on behalf of Board of Directors

Place: New Delhi Jatinderbir SinghDate: 10 May, 2016 Chairman & Managing Director

iatkc ,.M fla/ cSad


d‚iksZjsV çcaèku fjiksVZ ¼2015&16½

1- çcaèku lafgrk ds lacaèk esa cSad & n'kZu

cSad viuh d‚iksZjsV çcaèku dh uhfr çcaèku dh loksZÙke çFkkvksa dks ykxw djus] dkuwu dk lR;fu"Bk ds lkFk vuqikyu] uSfrd ekudksa dk vuqlj.k djus rFkk va'kèkkjdksa ds LFkk;h fodkl gsrq lkekftd nkf;Roksa ij vkèkkfjr gSA cSad u dsoy lkafofèkd vko';drkvksa dk vuqikyu djsxk vfirq LosPNkiwoZd dM+h d‚iksZjsV xous±l i)fr;ksa dks fu"ikfnr djrs gq,] mudk ikyu Hkh djsxkA cSad mR—"Vrk çkIr djus gsrq lalkèkuksa ds b"Vre mi;ksx ds lkFk vfèkdre çfrQy çkIr djus rFkk lHkh Lrjksa ij dk;Zfu"iknu dks lqfuf'pr djrs gq, 'ks;j&èkkjdksa ds fgrksa dh j{kk djrs gq, rFkk muds ewY;ksa esa vfHko`f) ds fy, vius lrr~ ç;kl tkjh j[ksxkA cSad çR;sd {ks= esa mR—"Vrk gkfly djus gsrq uSfrd ewY;ksa ds mPp ekudksa] ikjnÆ'krk rFkk vuq'kkflr –f"Vdks.k viukus esa foÜokl j[krk gSA cSad vius lHkh lk>snkjksa ftuesa 'ks;jèkkjd] xzkgd] ljdkj rFkk O;kid rkSj ij vketu Hkh 'kkfey gSa] dks vfèkdre ykHk igq¡pkus gsrq l?ku ç;kl djrk jgsxkA

cSad ,d lwphc) fudk; gS tks ,d daiuh ugha gS vfirq cSaddkjh daiuh ¼miØeksa dk vtZu ,oa varj.k½ vfèkfu;e 1980 vFkkZr~ cSaddkjh daiuh vtZu vfèkfu;e ds rgr fudk; d‚iksZjsV gS rFkk Hkkjrh; fjt+oZ cSad }kjk fofu;fer gksrk gS] vr% LV‚d ,Dlpsatks ds lkFk fd, x, lwph;u djkj ds çkoèkkuksa rFkk lsch ¼lwph;u nkf;Ro vkSj izdVu vfuok;Zrkvksa½ vf/kfu;eksa] 2015 dk ml lhek rd ikyu djsxk tgka rd cSaddkjh daiuh miØeksa dk ¼vtZu ,oa varj.k½ vfèkfu;e 1980 ds çkoèkkuksa vkSj bl lacaèk esa Hkkjrh; fjt+oZ cSad }kjk tkjh fn'kk&funsZ'kksa dk mYya?ku ugh gksrk gSA

2- funs'kd eaMy%

2-1 funs'kd eaMy dk Lo:i

funs'kd eaMy dk xBu cSaÇdx fofu;e vfèkfu;e 1949] cSaÇdx daiuh ¼miØeksa dk vtZu ,oa varj.k½ vfèkfu;e] 1980 ;Fkk la'kksfèkr rFkk jk"Vªh;—r cSad ¼çcaèku ,oa fofoèk çkoèkku½ ;kstuk 1980 ¼;Fkk la'kksfèkr½ ds çkoèkkuksa }kjk 'kkflr gksrk gSA

31 ekpZ] 2016 dh fLFkfr ds vuq:i funs'kd eaMy dk Lo:i fuEukuqlkj gS%

Øe Lka-

uke

inuke

31-03-2016 d¨ cSad ds / kkfjr 'ks;jä dh Lka[;k

cSad dh miLkfefr; a dh LknL;rk dh Lka[;k

cSad ds vykok daifu; a esa funs'kd ds :i esa Lksokvksa dh

Lka[;k

cSad ds vykok vU; daifu;ä

ds c¨MZ dh mi&Lkfefr;ä esa LknL;rk@v/ ;{krk

dh Lka[;k

fVIif.k;ka ¼cSad@vU; daifu; a esa fu;qfä dk Lo:i½

1- Jh tfrUnjchj Çlg] vkÃ-,-,l-

vè;{k ,oa çcaèk funs'kd 'kwU; 11 1 'kwU; +

2- Jh ,e-ds- tSu dk;Zdkjh funs'kd 'kwU; 11 'kwU; 'kwU; *

3- Jh ,-ds- tSu dk;Zdkjh funs'kd 'kwU; 10 'kwU; 'kwU; **

4- Jh ,l-vkj- esgj funs'kd& foÙk ea=ky; }kjk ukfer

'kwU; 11 'kwU; 'kwU; ***

5- Jh ih-ds- tsuk funs'kd& Hkk-fj-cSa- }kjk ukfer

'kwU; 6 'kwU; 'kwU; @

6- Jh lq[ksu iky ccwrk xSj&vkfèkdkfjd funs'kd ¼'ks;jèkkjd funs'kd½

500 3 3 'kwU; $

7- Jh ,e-,l- lkjax xSj&vkfèkdkfjd funs'kd ¼'ks;jèkkjd funs'kd½

1100 4 1 #

8- Jh lat; oekZ xSj&vkfèkdkfjd funs'kd 'kwU; 7 'kwU; 'kwU; ++

9- Jhefr vfurk d.kkZoj xSj&vkfèkdkfjd funs'kd 'kwU; 4 'kwU; 'kwU; +++

10- Jh vruq lsu xSj&vkfèkdkfjd funs'kd 'kwU; 2 4 'kwU; ##

Punjab & Sind Bank


REPORT ON CORPORATE GOVERNANCE (2015-16) 1. BANK'S PHILOSOPHY ON CODE OF GOVERNANCE : The Bank shall continue its endeavor to enhance its shareholder's value by protecting their interest by ensuring performance

at all levels, and maximizing returns with optimal use of resources in its pursuit of excellence. The Bank shall comply with not only the statutory requirements, but also voluntarily formulate and adhere to a set of strong Corporate Governance practices. The Bank believes in setting high standards of ethical values, transparency and a disciplined approach to achieve excellence in all its sphere of activities. The Bank is also committed to follow the best practices. The Bank shall strive hard to best serve the interests of its stakeholders comprising shareholders, customers, Government and society at large.

The Bank is a listed entity, which is not a company but body corporate under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 and is regulated by Reserve Bank of India. Therefore the Bank shall comply with the provisions of the Listing Agreement entered into with Stock Exchanges and as per SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015 to the extent it does not violate the provisions of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 and the Guidelines issued by Reserve Bank of India in this regard.

2. BOARD OF DIRECTORS

2.1 Composition of the Board: The composition of Board of Directors of the Bank is governed by the provisions of the Banking Regulation Act, 1949,

the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980, as amended and the Nationalized Banks Management and Miscellaneous Provisions Scheme, 1980, as amended.

The composition of Board of Directors of the Bank as on 31st March, 2016 is as under:

Sr. No

Name Position Held No. of equity shares of the Bank

held as on 31.03.2016

No. of member

ship in Sub Committees of the Bank

No. of Directorship held in other

Companies i.e. Other than the

Bank.

No of Membership/ Chairmanship

held in Sub Committees of

the Board in Other Companies

Remarks (nature of

appointment in the Bank

/ other Companies)

1 Sh. Jatinderbir Singh, I.AS

Chairman & Managing Director

NIL 11 1 NIL +

2. Sh M.K.Jain Executive Director NIL 11 NIL NIL *

3. Sh A.K.Jain Executive Director NIL 10 NIL NIL **

4. Sh S. R. Mehar Director – MOF Nominee Director

NIL 11 NIL NIL ***

5. Sh P.K. Jena Director – RBI Nominee Director

NIL 6 NIL NIL @

6. Sh.Sukhen Pal Babuta

Non-Official Director (Shareholder Director)

500 3 3 NIL $

7. Sh. M S Sarang Non-Official Director (Shareholder Director)

1100 4 1 NIL #

8. Sh. Sanjay Verma Non-Official Director NIL 7 NIL NIL ++

9. Smt. Anita Karnavar

Non-Official Director NIL 4 NIL NIL +++

10. Sh. Atanu Sen Non-Official Director NIL 2 4 NIL # #

iatkc ,.M fla/ cSad


+ foÙk ea=ky;] Hkkjr ljdkj ds i= fnukad 31 tuojh] 2014 la- ,Q-ua- 4@7@2013&chvks&I dh 'krks± ds vuq:i iw.kZdkfyd funs'kd ¼inukfer vè;{k ,oa çcaèk funs'kd½ vFkkZr inxzg.k djus dh frfFk 01-02-2014 ;k ckn esa vkSj fnukad 31-12-2017 rd ;kfu fd viuh lsokfuo`fÙk dh frfFk rd ;k vkxkeh vkns'kksa rd] buesa ls tks Hkh igys gksA

* foÙk ea=ky;] Hkkjr ljdkj ds i= fnukad 05 vxLr] 2013 la- ,Q-ua- 4@5@2012&chvks&I dh 'krks± ds vuq:i 05 o"kZ gsrq dk;Zdkjh funs'kd vFkkZr inxzg.k djus dh frfFk ;k vkxkeh vkns'kksa rd] buesa ls tks Hkh igys gksA

** foÙk ea=ky;] Hkkjr ljdkj ds i= fnukad 15 fnlEcj] 2015 la- ,Q-ua- 4@5@2013&chvks&I dh 'krks± ds vuqlkj dk;Zdkjh funs'kd ds #i esa inxzg.k djus dh frfFk rFkk fnukad 31-01-2017 rd vFkkZr mudh lsokfuo`fÙk dh frfFk ;k vkxkeh vkns'kksa rd] buesa ls tks Hkh igys gksA

*** foÙk ea=ky;] Hkkjr ljdkj ds i= fnukad 24 flrEcj] 2014 la- ,Q-ua- 6@3@2012&chvks&I] cSaddkjh daiuh ¼miØeksa dk vtZu ,oa varj.k½ vfèkfu;e] 1970@1980 dh èkkjk 9 mièkkjk ¼3½ ds [kaM ¼ch½ ds rgr rqjar çHkko ls ,oa vxys vkns'k rd funs'kd fu;qäA

@ foÙk ea=ky;] Hkkjr ljdkj ds i= fnukad 31 eÃ] 2013 la- ,Q-ua- 6@34@2013&chvks&I] cSaddkjh daiuh ¼miØeksa dk vtZu ,oa varj.k½ vfèkfu;e] 1970@1980 dh èkkjk 9 mièkkjk ¼3½ ds [kaM ¼lh½ ds rgr rqjar çHkko ls ,oa vxys vkns'k rd funs'kd fu;qäA

$ 'ks;jèkkjdkas ds eè; ls] dsaæh; ljdkj ds vykok cSaddkjh daiuh ¼miØeksa dk vtZu ,oa varj.k½ vfèkfu;e] 1980 dh èkkjk 9 ¼3½¼i½ tksfd jk"Vªh;—r cSadksa ¼çcaèku ,oa fofHkUu çkoèkkuksa½ ;kstuk 1980 rFkk iatkc ,.M Çlèk cSad ¼'ks;jksa ,oa cSBdksa½ ls lacafèkr vfèkfu;e 66¼i½] vfèkfu;e] 2008 [kaM 9 ¼4½ ds rgr vfèklwpuk ls 3 o"kZ rd dh vofèk vFkkZr~ fnukad 01-07-2014 ls funs'kd fu;qäA

++ foÙk ea=ky;] Hkkjr ljdkj ds i= fnukad 12 vxLr] 2013 la- ,Q-ua- 6@16@2011&chvks&I] cSaddkjh daiuh ¼miØeksa dk vtZu ,oa varj.k½ vfèkfu;e] 1970@1980 dh èkkjk 9 dh mièkkjk ¼3,p½ ,oa ¼3&,½ ds rgr vfèklwpuk ls 3 o"kZ rd ,oa ;k vxys vkns'k rd tks Hkh igys gks] va'kdkfyd xSj&vkfèkdkfjd funs'kd fu;qäA

# 'ks;jèkkjdksa ds eè; ls] dsaæh; ljdkj ds vykok cSaddkjh daiuh ¼miØeksa dk vtZu ,oa varj.k½ vfèkfu;e] 1980 dh èkkjk 9 ¼3½¼i½ tksfd jk"Vªh;—r cSadksa ¼çcaèku ,oa fofHkUu çkoèkkuksa½ ;kstuk 1980 rFkk iatkc ,.M Çlèk cSad ¼'ks;jksa ,oa cSBdksa½ ls lacafèkr vfèkfu;e 66¼i½] vfèkfu;e] 2008 [kaM 9 ¼4½ ds rgr vfèklwpuk ls 3 o"kZ rd dh vofèk vFkkZr~ fnukad 01-07-2014 ls funs'kd fu;qäA

+++ foÙk ea=ky;] Hkkjr ljdkj ds i= fnukad 30 tuojh] 2014 la- ,Q-ua- 6@56@2013&chvks&I] cSaddkjh daiuh ¼miØeksa dk vtZu ,oa varj.k½ vfèkfu;e] 1970@1980 dh èkkjk 9 dh mièkkjk ¼3,p½ ,oa ¼3&,½ ds rgr vfèklwpuk ls 3 o"kZ rd ,oa ;k vxys vkns'k rd tks Hkh igys gks] va'kdkfyd xSj&vkfèkdkfjd funs'kd fu;qäA

## foÙk ea=ky;] Hkkjr ljdkj ds i= fnukad 28 tuojh] 2016 la- ,Q-ua- 6@24@2015&chvks&I] cSaddkjh daiuh ¼miØeksa dk vtZu ,oa varj.k½ vfèkfu;e] 1970@1980 dh èkkjk 9 dh mièkkjk ¼3,p½ ,oa ¼3&,½ ds rgr vfèklwpuk ls 3 o"kZ rd ,oa ;k vxys vkns'k rd tks Hkh igys gks] va'kdkfyd xSj&vkfèkdkfjd funs'kd fu;qäA

2-2 o"kZ ds nkSjku funs'kdkas dh fu;qfDr@dk;Z&lekfIr

o"kZ 2015&16 ds nkSjku cSad ds funs'kd eaMy dh lajpuk esa fuEu ifjorZu gq,%

¼d½ fu;qfDr &

» Jh ,-ds- tSu dks foÙkh; lsok,a foHkkx] foÙk ea=ky;] Hkkjr ljdkj] uÃ fnYyh dh vfèklwpuk fnukad 15-12-2015 la[;k ,Q-ua- 4@5@2013&ch-vks-&I }kjk cSad ds dk;Zdkjh funs'kd ds :i esa fu;qä fd;k x;kA

» Jh vruq lsu dks foÙkh; lsok,a foHkkx] foÙk ea=ky;] Hkkjr ljdkj] uÃ fnYyh dh vfèklwpuk fnukad 28-01-2016 la[;k ,Q-ua- 6@24@2015&ch-vks-&I }kjk cSad dk va'kdkyhu xSj&vfèkdkfjd funs'kd ukfer fd;k x;kA

¼[k½ o"kZ ds nkSjku lsokfuo`r gksus okys funs'kd

» Jh egs'k dqekj xqIrk us lunh ys[kkdkj funs'kd ds :i esa fnukad 29-01-2016 dks viuk dk;Zdky iw.kZ fd;kA

Punjab & Sind Bank


+ Appointed in terms of GOI MOF letter No F.No.4/7/2013-BO-I dated 31st January 2014 as a whole time Director (designated as Chairman & Mg. Director) w.e.f. the date of taking charge on or after 01.02.2014 and upto 31.12.2017 i.e. the date of his attaining the age of superannuation or until further orders, whichever is earlier.

* Appointed in terms of GOI MOF letter No F.No.4/5/2012-BO-I dated 5th August 2013 as Executive Director for a period of five years from the date of his taking over charge of the post , or until further orders, whichever is earlier.

** Appointed in terms of GOI MOF letter F.No.4/5/2013-BO-I dated 15th December 2015 as Executive Director w.e.f the date of his taking over the charge of the post and upto 31.01.2017 i.e. the date of his attaining the age of superannuation or until further orders, whichever is earlier.

*** Appointed as Director in terms of GOI MOF letter No F.No.6/3/2012-BO-I dated 24th September 2014 under clause (b) of sub section (3) of section 9 of the The Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970/1980 with immediate effect and until further orders.

@ Appointed as Director in terms of GOI MOF letter No F.No.6/34/2013-BO-I dated 31st May 2013 under clause (c) of sub section 3 of Section 9 of Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970/1980 with immediate effect and until further orders.

$ Elected from amongst the shareholders, other than the Central Government, in terms of Section 9 (3) (i) of The Banking Companies (Acquisition & Transfer of Undertakings) Act, 1980 read with Clause 9 (4 ) of the Nationalised Banks (Management & Miscellaneous Provisions) Scheme 1980 and Regulation 66 (i) of Punjab & Sind Bank (Shares & Meetings) Regulations,2008 for a period of 3 years, i.e. from 01.07.2014.

++ Appointed as part-time non-official Director in terms of GOI MOF letter No F.No.6/16/2011-BO-I dated 12th August 2013 under of sub section (3h) and (3-A) of Section 9 of The Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970/1980 for a period of three years from the date of notification of his appointment or until further orders, whichever is earlier.

# Elected from amongst the shareholders, other than the Central Government, in terms of Section 9 (3) (i) of The Banking Companies (Acquisition & Transfer of Undertakings) Act, 1980 read with Clause 9 (4) of the Nationalised Banks (Management & Miscellaneous Provisions) Scheme 1980 and Regulation 66 (i) of Punjab & Sind Bank (Shares & Meetings) Regulations, 2008 for a period of 3 years, i.e. from 01.07.2014.

+++ Appointed as part-time non-official Director in terms of GOI MOF letter No F.No.6/56/2013-BO-I dated 30th January 2014 under of sub section (3h) and (3-A) of Section 9 of The Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970/1980 for a period of three years from the date of notification of her appointment or until further orders, whichever is earlier.

## Appointed as part-time non-official Director in terms of GOI MOF letter No F.No.6/24/2015-BO-I dated 28th January 2016 under of sub section (3h) and (3-A) of Section 9 of The Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970/1980 for a period of three years from the date of notification of his appointment or until further orders, whichever is earlier.

2.2 Appointment / Cessation of Directors during the year:

The constitution of Bank’s Board of Directors underwent the following changes during the year 2015-2016:

[A] Appointment:

• Sh. A. K. Jain was appointed as Executive Director of the Bank vide Government of India, Ministry of Finance, Department of Financial Services, New Delhi Notification No. F.No. 4/5/2013-BO-I dated 15.12.2015.

• Sh. Atanu Sen was nominated as Part Time Non Official Director of the Bank vide Government of India, Ministry of Finance, Department of Financial Services, New Delhi Notification No.F.No. 6/24/2015-BO-I dated 28.01.2016.

[B] Outgoing Directors during the year:

• Sh. Mahesh Kumar Gupta completed his term as CA Category Director on 29.01.2016

iatkc ,.M fla/ cSad


2-3 o"kZ 2015&16 ds nkSjku fu;qDr funs'kdksa dk ifjp;%

¼d½ Jh ,-ds- tSu

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t; çdk'k i‚oj osaplZ fy-] vyksd baMLVªjht+ fy-] tsih gsYFk ds;j fy-] tsih QVÊykbtlZ baMLVªjht+ fy-

2-4 c¨MZ cSBdas %

foÙkh; o"kZ 2015&16 ds nkSjku] cksMZ dh fuEu frfFk;ksa ij dqy 09 cSBdsa gqÃ tksfd jk"Vªh;—r cSadksa ¼çcaèku ,oa fofoèk çkoèkku½ ;kstuk] 1980 esa fuèkkZfjr [k.M 12 dh U;wure 06 cSBdksa ds fo#) gSA

20-04-2015 12-05-2015 29-06-2015 08-08-2015 22-09-2015

07-11-2015 08-12-2015 11-02-2016 29-03-2016

Punjab & Sind Bank


2.3 Profiles of Directors appointed during 2015-16:

[A] Sh. A. K. Jain

SNO. PARTICULARS DETAIL

1. FULL NAME Sh. ARVIND KUMAR JAIN

2. FATHER’S NAME Sh. ANAND K JAIN

3. DATE OF BIRTH & AGE 13.01.1957 & 59 Years

4. PRESENT ADDRESS ED Office, Bank House, 21 Rajendra place, New Delhi

5. EMAIL ADDRESS [email protected]

6. EDUCATIONAL QUALIFICATION MSc., LLB

7. NATURE OF APPOINTMENT AS DIRECTOR

EXECUTIVE DIRECTOR

8. EXPERIENCE Ex. CGM Oriental Bank of Commerce

9. PARTICULARS OF OTHER DIRECTORSHIP (if any)

------

[B] Sh. ATANU SEN

SNO. PARTICULARS DETAIL

1. FULL NAME Sh. ATANU SEN

2. FATHER’S NAME Sh. KSHITI BHUSAN SEN

3. DATE OF BIRTH & AGE 16.07.1954 & 61 Years

4. PRESENT ADDRESS DA-193, SALT LAKE, KOLKATA-700064

5. EMAIL ADDRESS [email protected]

6. EDUCATIONAL QUALIFICATION MA Economics, CAIIB

7. NATURE OF APPOINTMENT AS DIRECTOR

NON OFFICIAL DIRECTOR

8. EXPERIENCE 37 Years Banking Experience

9. PARTICULARS OF OTHER DIRECTORSHIP (if any)

Jai Prakash Power Ventures Ltd, Alok Industries Ltd, Jaypee Healthcare Ltd, Jaypee Fertilizers Industries Ltd.

2.4 BOARD MEETINGS:

During the Financial Year 2015-16, total 9 Board Meetings were held on the following dates as against minimum of 6 meetings prescribed under Clause 12 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1980.

20.04.2015 12.05.2015 29.06.2015 08.08.2015 22.09.2015

07.11.2015 08.12.2015 11.02.2016 29.03.2016

iatkc ,.M fla/ cSad


mi;qZä funs'kd eaMy dh cSBdksa esa funs'kdksa dh mifLFkfr dk fooj.k fuEu gS tks muds dk;Zdky ls lac) gS%

funs'kd dk uke

vof/ k

muds dk;Zdky ds n©jku

vk;¨ftr cSBdsa

cSBdsa] ftuesa

LkgHkkfxrk dh

,th,e fnukad 29-06-2015 dh mifLFkfr

Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd 01-04-2015 ls 31-03-2016 9 9 mifLFkrJh ,e-ds- tSu & dk;Zdkjh funs'kd 01-04-2015 ls 31-03-2016 9 9 mifLFkrJh ,-ds- tSu & dk;Zdkjh funs'kd 15-12-2015 ls 31-03-2016 2 2 ---

Jh ,l-vkj- esgj & Hkk-fj-cSa- ukfer funs'kd 01-04-2015 ls 31-03-2016 9 7 mifLFkrJh ih-ds- tsuk & Hkk-fj-cSa- ukfer funs'kd 01-04-2015 ls 31-03-2016 9 7 vuqifLFkrJh egs'k dqekj xqIrk & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 29-01-2016 7 6 vuqifLFkrJh lat; oekZ & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 31-03-2016 9 7 vuqifLFkrJhefr vfurk d.kkZoj & xSj vfèkdkfjd funs'kd 01-04-2015 ls 31-03-2016 9 9 mifLFkrJh ,e-,l- lkjax & 'ks;jèkkjd funs'kd 01-04-2015 ls 31-03-2016 9 9 mifLFkrJh ,l-ih- ccwrk & 'ks;jèkkjd funs'kd 01-04-2015 ls 31-03-2016 9 8 mifLFkrJh vruq lsu & xSj vfèkdkfjd funs'kd 01-04-2015 ls 31-03-2016 2 2 ---

2-5 vkpkj Lkafgrk% funs'kd eaMy rFkk çeq[k çcaèku dkÆed vFkkZr~ funs'kdksa ,oa funs'kd ls ,d jSad uhps] ftuesa lHkh egkçcaèkd lfEefyr gSa] gsrq LV‚d

,Dlpsat esa lwphc)rk djkj esa lsch ¼lwph;u nkf;Roksa rFkk izdVu vfuok;Zrkvksa½ vf/kfu;e] 2015 ds fofu;eu 17¼5½ ds vuqikyu esa vkpkj lafgrk dks funs'kd eaMy }kjk vuqeksfnr dj fn;k x;k gSA mä vkpkj lafgrk dk cSad dh osclkbV www.psbindia.com ij voyksdu fd;k tk ldrk gSA funs'kd eaMy ds lHkh lnL;ksa ,oa egkçcaèkdksa us vkpkj lafgrk ds çfr lgefr O;ä dj nh gSA

3- lkekU; okÆ"kd cSBd% 'ks;jèkkjdksa dh vk;ksftr dh xÃ vafre rhu lkekU; vke cSBdksa dk fooj.k fuEu çdkj gS%

Lo:i fnu rFkk fnukad le; LFky,-th-,e- cq/kokj 26-06-2013 9-00 cts çkr% bafM;k baVjus'kuy lsUVj] 40&eSDl ewyj ekxZ] yksèkh bLVsV]

uÃ fnYyh&110003,-th-,e- lkseokj 30-06-2014 9-00 cts çkr% bafM;k baVjus'kuy lsUVj] 40&eSDl ewyj ekxZ] yksèkh bLVsV]

uÃ fnYyh&110003,-th-,e- lkseokj 29-06-2015 10-00 cts çkr% bafM;k baVjus'kuy lsUVj] 40&eSDl ewyj ekxZ] yksèkh bLVsV]

uÃ fnYyh&110003

dksÃ Hkh fo'ks"k çLrko foxr~ rhu ,-th-,e- esa Loh—r ugha fd;k x;kA

4- funs'kdä dh Lkfefr % cSad ds funs'kd eaMy us d‚jiksjsV xous±l rFkk tksf[ke çcaèku ç.kkyh ij Hkkjr ljdkj rFkk Hkkjrh; fjt+oZ cSad ds fn'kk&funsZ'kkuqlkj

dk;Zuhfr ds egRoiw.kZ {ks=ksa ij fuxjkuh j[kus ds fy, funs'kdksa dh fofHkUu lfefr;ksa dk xBu fd;k gSA cksMZ desVh dh cSBdksa ds nkSjku çcaèku oxZ ekuo lalkèku@vkS|ksfxd lacaèk ds ifjpkyu] fu"iknu fodkl ij fopkj&foe'kZ ds lkFk&lkFk {ks=h; fodkl] mRiknu ds dk;Z fu"iknu] voljksa] pqukSfr;ksa] tksf[keksa vkSj mlls lacafèkr vko';drkvksa ds fo'ys"k.k ij tksj fn;k gSA funs'kd eaMy dh egRoiw.kZ lfefr;ka fuEu çdkj gSa&

Ø-Lka- Lkfefr dk uke1- funs'kd eaMy dh çcaèku lfefr ¼,elh½2- cksMZ dh ys[kk ijh{kk lfefr ¼,lhch½3- cM+h jkf'k dh èkks[kkèkM+h fuxjkuh lacaèkh lfefr

Punjab & Sind Bank


The details of attendance of the Directors at the aforesaid Board Meetings held during their respective tenure are as under:

Name of the Director Period Meetings held during their tenure

Meetings attended

Attendence of AGM held on 29.06.2015

Sh. Jatinderbir Singh - CMD 01.04.2015 to 31.03.2016 9 9 Attended

Sh. M.K. Jain – Executive Director 01.04.2015 to 31.03.2016 9 9 Attended

Sh. A.K. Jain – Executive Director 15.12.2015 to 31.03.2016 2 2 ---

Sh. S.R. Mehar- MOF Nominee Director 01.04.2015 to 31.03.2016 9 7 Attended

Sh. P.K. Jena- RBI Nominee Director 01.04.2015 to 31.03.2016 9 7 Absent

Sh. Mahesh Kumar Gupta- Non-Official Director 01.04.2015 to 29.01.2016 7 6 Absent

Sh. Sanjay Verma – Non Official Director 01.04.2015 to 31.03.2016 9 7 Absent

Smt. Anita Karnavar – Non Official Director 01.04.2015 to 31.03.2016 9 9 Attended

Sh. M.S. Sarang- Shareholder Director 01.04.2015 to 31.03.2016 9 9 Attended

Sh. S. P. Babuta- Shareholder Director 01.04.2015 to 31.03.2016 9 8 Attended

Sh. Atanu Sen - Non Official Director 28.01.2016 to 31.03.2016 2 2 --

2.5 Code of Conduct:

The Code of Conduct for Board of Directors and key Management Personnel i.e. Directors & one rank below Director comprising all General Managers has been approved by the Board of Directors in compliance of Regulation 17(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 with Stock Exchanges. The said Code of Conduct is posted on Bank’s website www.psbindia.com. All the Board Members and General Managers have since affirmed the compliance of the Code.

3. Annual General Meeting :

Details of last three Annual General Meetings of the shareholders held are given below:

Nature Day & Date Time Venue

AGM Wednesday, 26.06.2013 9.00 a.m. India International Centre, 40-Max Mueller Marg, Lodhi Estate, New Delhi-110003

AGM Monday, 30.06.2014 9.00 a.m. India International Centre, 40-Max Mueller Marg, Lodhi Estate, New Delhi-110003

AGM Monday, 29.06.2015 10.00 a.m. India International Centre, 40-Max Mueller Marg, Lodhi Estate, New Delhi-110003

No Special Resolution was passed in the previous three AGMs.

4. COMMITTEES OF DIRECTORS: The Board of Directors of the Bank has constituted various Committees of Directors to look into different areas of

strategic importance in terms of Reserve Bank of India and Government of India guidelines on Corporate Governance and Risk Management. The Management lays emphasis on the analysis of sectoral development, segment / product performance, opportunities, threats, risks & associated concern, besides operational performance & development of HR / IR in the discussions during the Board / Committee Meetings. The important Committees of the Board are as under:

SNo Name of the Committee1. Management Committee of the Board (MC)2. Audit Committee of Board (ACB)3. Committee for Monitoring Large Value Frauds

iatkc ,.M fla/ cSad


4- lrdZrk lfefr5- tksf[ke çcaèku lfefr6- xzkgd lsok lfefr7- ikfjJfed lfefr8- va'kèkkjd laidZ lfefr9- ekuo lalkèku lfefr10- lwpuk çkS|ksfxdh ;kstuk lfefr11- dk;Zikydksa dh inksUufr ij funs'kdksa dh lfefr12- vihy@leh{kk çkfèkdkjh ij funs'kdksa dh lfefr13- olwyh dh fuxjkuh lfefr14- 'ks;jèkkjd funs'kd pquko lfefr & lkoZtfud {ks= ds cSad esa ernku

4-1- funs'kd eaMy dh Áca/ ku Lkfefr %

cksMZ dh çcaèku lfefr dk xBu foÙk ea=ky;] Hkkjr ljdkj }kjk fd, x, la'kksèkuksa ds lkFk ifBr jk"Vªh;—r cSad ¼çcaèku ,oa fofoèk çkoèkku½ ;kstuk] 1980 ¼;Fkk la'kksfèkr½ ds [kaM & 13 ds vuqlj.k esa fd;k x;k gS tks vR;fèkd egRoiw.kZ dkjksckjh ekeys rFkk vfèkd jkf'k ds _.k çLrko eatwj djus] le>kSrk@cêk [kkrk çLrko] iwathxr ,oa jktLo O;; dh Loh—fr] ifjlj] fuos'k] nku vkfn ij fopkj djrh gSA

lfefr esa vè;{k ,oa çcaèk funs'kd] dk;Zdkjh funs'kd ¼vksa½ gksus vfuok;Z gSa vkSj Hkkjr ljdkj }kjk èkkjk 9¼3½¼lh½ ,oa 9¼3½¼th½ ds rgr ukfer funs'kdksa ds vfrfjDr cSaddkjh daiuh ¼miØeksa dk vtZu ,oa varj.k½ vfèkfu;e] 1980 dh èkkjk 9¼3½ dh mièkkjk ¼Ã½¼,Q½¼,p½ o ¼vkÃ½ ds vèkhu fu;qä funs'kdksa esa ls rhu funs'kdksa dk lekos'k gSA

31 ekpZ] 2016 dks lfefr dh lajpuk bl çdkj gS&

Ø-Lka- funs'kd dk uke

1- Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd

2- Jh ,e-ds- tSu & dk;Zdkjh funs'kd

3- Jh ,-ds- tSu & dk;Zdkjh funs'kd

4- Jh çnhIr ds- tsuk & Hkk-fj-cSa- ukfer funs'kd

5- Jh lq[ksu iky ccwrk & 'ks;jèkkjd funs'kd

6- Jh lat; oekZ & xSj&vfèkdkfjd funs'kd

7- Jh vruq lsu & xSj&vfèkdkfjd funs'kd

foÙkh; o"kZ 2015&16 ds nkSjku cksMZ dh çcaèku lfefr dh fuEukafdr frfFk;ksa ij 11 cSBd dk vk;kstu gqvk%

12-05-2015 29-06-2015 30-07-2015 08-08-2015 21-09-2015

07-11-2015 08-12-2015 29-12-2015 12-02-2016 18-03-2016

29-03-2016

Punjab & Sind Bank


4. Vigilance Committee5. Risk Management Committee6. Customer Service Committee7. Remuneration Committee 8. Stakeholders Relationship Committee9. HR Committee

10. I T Strategy Committee11. Committee of the Board on Executives’ Promotions 12. Committee of the Board on Appellate / Reviewing Authority13. Committee for Monitoring of Recovery14. Election of Shareholder Director Committee-Voting by Public Sector Bank

4.1. Management Committee of the Board:

In pursuance of Clause 13 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1980 (as amended) read with the amendments made by the Ministry of Finance, Government of India, a Management Committee of the Board has been constituted to consider various business matters of material significance like sanction of high value credit proposals, compromise / write-off proposals, sanction of capital and revenue expenditure, premises, investments, donations etc.

The Committee mandate to consist of Chairman and Managing Director , Executive Director/s and Directors nominated by Government of India under Section 9 (3) (c) and besides three Directors from amongst those appointed under sub section (e) (f) (h) and (i) of section 9(3) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980.

The composition of the Management Committee as on 31st March 2016 is as under:

SNo Name of the Director

1. Sh. Jatinderbir Singh- Chairman & Managing Director

2. Sh. M.K.Jain – Executive Director

3. Sh. A. K. Jain – Executive Director

4. Sh Pradipta.K. Jena – RBI Nominee Director

5. Sh Sukhen Pal Babuta – Shareholder Director

6. Sh. Sanjay Verma – Non-Official Director

7. Sh. Atanu Sen – Non-Official Director

During the Financial Year 2015-16, the Management Committee of the Board met on 11 occasions on the following dates:

12.05.2015 29.06.2015 30.07.2015 08.08.2015 21.09.2015

07.11.2015 08.12.2015 29.12.2015 12.02.2016 18.03.2016

29.03.2016

iatkc ,.M fla/ cSad


funs'kd lnL;ksa dh muds dk;Zdky ds nkSjku lfefr dh vk;ksftr mä cSBdksa esa mudh mifLFkfr lacaèkh fooj.k fuEu gS&

funs'kd dk uke

vof/ k


vk;¨ftr cSBdsa

cSBdsa ftuesa

LkgHkkfxrk dhJh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd 01-04-2015 ls 31-03-2016 11 11Jh ,e-ds- tSu & dk;Zdkjh funs'kd 01-04-2015 ls 31-03-2016 11 11Jh ,-ds- tSu & dk;Zdkjh funs'kd 15-12-2015 ls 31-03-2016 4 4Jh ih-ds- tsuk & Hkk-fj-cSa- ukfer funs'kd 01-04-2015 ls 31-03-2016 11 8Jh lq[ksu iky ccwrk & 'ks;jèkkjd funs'kd 01-04-2015 ls 05-08-2015

29-12-2015 ls 31-03-20167 7

Jh lat; oekZ & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 22-05-201511-02-2016 ls 31-03-2016

4 3

Jh ,e-,l- lkjax & 'ks;jèkkjd funs'kd 05-08-2015 ls 04-02-2016 5 5Jhefr vfurk d.kkZoj & xSj vfèkdkfjd funs'kd 29-06-2015 ls 28-12-2015 6 6Jh vruq lsu & xSj vfèkdkfjd funs'kd 11-02-2016 ls 31-03-2016 3 2

4-2 cksMZ dh ys[kk ijh{k.k lfefr ¼,lhch½

cSad us d‚iksZjsV xous±l ds ewy fl)karksa ds vuq:i vkSj Hkkjrh; fjt+oZ cSad ds fn'kk&funsZ'kksa ds vuqlj.k esa] cksMZ dh ys[kk ijh{kk lfefr xfBr dh gSA ,d xSj&dk;Zdkjh funs'kd] tksfd lunh ys[kkdkj gS] lfefr dk vè;{k gSA

ys[kk ijh{kk lfefr dk] vU; ckrksa ds lkFk&lkFk] çeq[k dk;Z cSad dh foÙkh; lwpuk ç.kkyh dh leh{kk vkSj vkdyu djuk gS rkfd ;g lqfuf'pr gks lds fd foÙkh; foojf.k;ka lgh] mi;qä vkSj foÜoluh; gSaA ;g lfefr cksMZ dks çLrqr djus ls igys frekgh@okÆ"kd foÙkh; foojf.k;ksa dh çcaèku ds lkFk leh{kk djrh gSA

;g ys[kk ijh{kk lfefr fn'kk&funsZ'k nsrh gS rFkk cSad ds lexz ys[kk ijh{kk dk;ksZa dh leh{kk djrh gS ftlesa laxBu ifjpkyu rFkk vkarfjd ys[kk ijh{kk dh xq.koÙkk fu;a=.k] dk;Z vkarfjd fu;a=.k nks"k vkSj cSad dh vkarfjd fujh{k.k O;oLFkk] cSad dh lkafofèkd@cká ys[kk ijh{kk lacaèkh vuqorÊ dkjZokÃ rFkk Hkkjrh; fjt+oZ cSad ds fujh{k.k lfEefyr gSA

lfefr vkarfjd fu;a=.k ç.kkyh] vkarfjd ys[kk ijh{kk foHkkx dh lajpuk] bldh LVkQ lajpuk dh leh{kk Hkh djrh gS vkSj fdlh egRoiw.kZ [kkst ds lacaèk esa vkarfjd ys[kk ijh{kdksa@fujh{kdksa ds lkFk fopkj&foe'kZ rFkk ml ij vuqorÊ dkjZokÃ djrh gSA ;g cSad dh foÙkh; o tksf[ke çcaèku uhfr;ksa dh leh{kk Hkh djrh gSA

lkafofèkd ys[kk ijh{kk ds lanHkZ esa ys[kk ijh{kk lfefr] okÆ"kd@frekgh foÙkh; [kkrksa ,oa fjiksVks± dks vafre :i nsus ls iwoZ] dsaæh; lkafofèkd ys[kk ijh{kdksa ds lkFk fopkj&foe'kZ djrh gSA ;g lfefr ykax QkeZ v‚fMV fjiksVZ ¼LFAR½ dh fofHkUu enksa ij vuqorÊ dkjZokÃ Hkh djrh gSA

31-03-2016 dks ys[kk ijh{k.k lfefr dh lajpuk bl çdkj gS%

1- Jh ,l-ih- ccwrk & 'ks;jèkkjd funs'kd ¼vè;{k½2- Jh ,e-ds- tSu & dk;Zdkjh funs'kd3- Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd4- Jh ih-ds- tsuk & Hkk-fj-cSa- ukfer funs'kd5- Jh ,e-,l- lkjax & 'ks;jèkkjd funs'kd

foÙkh; o"kZ 2015&16 ds nkSjku cksMZ dh ys[kk ijh{k.k lfefr ¼,lhch½ dh 07 voljksa ij cSBds fuEufyf[kr frfFk;ksa ij vk;ksftr dh xÃ%

12-05-2015 08-08-2015 22-09-2015 07-11-2015 08-12-2015 11-02-201629-03-2016

Punjab & Sind Bank


The details of attendance of the Directors at the aforesaid Meetings of the Committee held during their respective tenure are as under:

Name of the Director Period Meetings held during their

tenure

Meetings attended

Sh. Jatinderbir Singh– CMD 01.04.2015 to 31.03.2016 11 11

Sh. M. K. Jain– ED 01.04.2015 to 31.03.2016 11 11

Sh. A. K. Jain- ED 15.12.2015 to 31.03.2016 4 4

Sh. P. K. Jena-RBI Nominee Director 01.04.2015 to 31.03.2016 11 8

Sh. Sukhen Pal Babuta- Shareholder Director 01.04.2015 to 05.08.2015, 29.12.2015 to 31.03.2016

7 7

Sh. Sanjay Verma- Non Official Director 01.04.2015 to 22.05.2015, 11.02.2016 to 31.03.2016

4 3

Sh. M S Sarang-Shareholder Director 05.08.2015 to 04.02.2016 5 5

Smt. Anita Karnavar- Non Official Director 29.06.2015 to 28.12.2015 6 6

Sh. Atanu Sen- Non Official Director 11.02.2016 to 31.03.2016 3 2

4.2. Audit Committee of Board (ACB): The Bank, in consonance with the fundamentals of Corporate Governance and in pursuance of directives of the Reserve

Bank of India, has constituted an Audit Committee of the Board. A Non-Executive Director, who is a Chartered Accountant, is the Chairman of the Committee.

The main functions of Audit Committee inter-alia include assessing and reviewing the financial reporting system of the Bank to ensure that the financial statements are correct, sufficient and credible. It reviews and recommends to the Management the quarterly / annual financial statements before their submission to the Board.

The Audit Committee provides directions and oversees the operations of total audit functions of the Bank including the organization, operation and quality control of internal audit, internal control weaknesses and inspection within the Bank and follow-up of the suggestions of Statutory/External audit of the Bank and RBI inspections.

The Audit Committee also reviews the adequacy of internal control systems, structure of internal audit department, its staffing pattern and hold discussions with the internal auditors / inspectors on any significant finding and follow-up action thereon. It further reviews the financial and risk management policies of the Bank.

As for Statutory Audit, the Audit Committee interacts with the Statutory Central Auditors before finalization of Quarterly / Year to date / Annual Financial Results and Reports. It also maintains follow up on various issues raised in the Long Form Audit Report (LFAR).

The composition of the Audit Committee as on 31st March, 2016 is as under:

S. No. Name of Director1. Sh S. P. Babuta - Shareholder Director (Chairperson)2. Sh M. K. Jain – Executive Director3. Sh S. R Mehar – MOF Nominee Director4. Sh P. K. Jena – RBI Nominee Director5. Sh M. S. Sarang - Shareholder Director

During the Financial Year 2015-16, the Audit Committee of the Board (ACB) met on 07 occasions on the dates given below:

12.05.2015 08.08.2015 22.09.2015 07.11.2015 08.12.2015 11.02.2016

29.03.2016

iatkc ,.M fla/ cSad


funs'kd lnL;ksa dh muds dk;Zdky ds nkSjku lfefr dh vk;ksftr mDr cSBdksa esa mudh mifLFkfr fooj.k fuEu gS%

Ø-Lka- funs'kd dk uke vof/ kmuds dk;Zdky

ds n©jku vk;¨ftr cSBdsa

cSBdsa] ftuesa LkgHkkfxrk

dh

1- Jh lq[ksu iky ccwrk&'ks;jèkkjd funs'kd ¼fnukad 30-01-2016 ls vè;{k½ 01-04-2015 ls 31-03-2016 7 6

2- Jh ,e-ds- tSu & dk;Zdkjh funs'kd 01-04-2015 ls 31-03-2016 7 7

3- Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd 01-04-2015 ls 31-03-2016 7 5

4- Jh ih-ds- tsuk & Hkk-fj-cSad ukfer funs'kd 01-04-2015 ls 31-03-2016 7 5

5- Jh egs'k dqekj xqIrk & xSj&vfèkdkfjd funs'kd ¼vè;{k fnukad 01-04-2015 ls 29-01-2016½ 01-04-2015 ls 29-01-2016 5 5

6- Jh ,e-,l- lkjax & 'ks;jèkkjd funs'kd 29-01-2016 ls 31-03-2016 2 2

4-3 cM+h jkf'k ds èkks[kkèkM+h ekeyksa dh fuxjkuh lfefr%

Hkkjrh; fjt+oZ cSad us vius i= fnukad 14 tuojh] 2004 la- vkjchvkÃ@2004-5- Mhch,l-,Qthoh¼,Q½ ua-1004@23-04-01,@2003&04 ds ekè;e ls èkks[kkèkM+h dk irk yxkus] fu;ked rFkk çorZu ,tsafl;ksa dks mldh lwpuk vkSj èkks[kkèkM+h ds vijkèkh ij —R; ds fo#) dkjZokÃ tSls fofHkUu igyqvksa esa foyEc ds fo"k; esa lwfpr fd;k FkkA vr% ;g lq>ko fn;k x;k fd cksMZ dh ,d mi lfefr xfBr dh tk, tks fd dsoy 1 djksM+ ds #i, vkSj mlls Åij dh jkf'k dh èkks[kkèkM+h lacaèkh ekeyks dh fuxjkuh rFkk vuqorÊ dkjZokÃ dk dk;Z gh djsxhA cksMZ dh ys[kk ijh{kk lfefr lkekU;r% èkks[kkèkM+h ds lHkh ekeyksa dh fuxjkuh tkjh j[ksxhA

lfefr ds eq[; dk;ksZ esa vU; ckrksa ds lkFk&lkFk 1 djksM+ #i, vkSj mlds Åij dh jkf'k dh èkks[kkèkM+h dh fuxjkuh rFkk leh{kk lfEefyr gS rkfd

» èkks[kkèkM+h ds vkijkfèkd —R; esa ç.kkyhxr [kkfe;ksa dk irk yxkus vkSj mu ij fu;a=.k djus ds mik; fd, tk ldsA

» èkks[kkèkM+h ds irk yxkus esa foyac ds dkj.kksa dh igpku rFkk cSad ,oa Hkkjrh; fjt+oZ cSad ds mPp çcaèkdksa dks mldh fjiksÉVxA

» lhchvkÃ@iqfyl tkap&iM+rky dh çxfr rFkk olwyh dh fLFkfrA

» lqfuf'pr djuk fd èkks[kkèkM+h ds lHkh ekeyksa esa lHkh Lrjksa ij LVkQ mÙkjnkf;Ro dk ijh{k.k gks vkSj LVkQ ij dkjZokÃ ;fn visf{kr gks rks vfoyac gksA

» èkks[kkèkM+h dh iqujko`fÙk ds fuokj.k gsrq dh xÃ mipkjkRed dkjZokÃ dh çHkkoksRikndrk dh leh{kk ;Fkk vkarfjd fu;a=.k dks l'kä djuk ,oa èkks[kkèkM+h ds f[kykQ fuokjd mik;ksa dks l'kä djus gsrq ;Fkko';d vU; mik;ksa dks djukA

31 ekpZ] 2016 dks lfefr dh lajpuk fuEu gS%

Ø-Lka- funs'kd dk uke




4- Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd


6- Jhefr vfurk d.kkZoj & xSj&vfèkdkfjd funs'kd

Punjab & Sind Bank


The details of attendance of the Directors at the Meetings of the Committee held during their respective tenure are as under:

Sr. No Name of the Director Period

Meetings held

during their tenure

Meetings attended

1. Sh Sukhen Pal Babuta - Shareholder Director (Chairperson w.e.f. 30.1.2016) 01.04.2015 to 31.03.2016 7 6

2. Sh. M. K. Jain - ED 01.04.2015 to 31.03.2016 7 7

3. Sh S.R.Mehar– MoF Nominee Director 01.04.2015 to 31.03.2016 7 5

4. Sh P.K.Jena- RBI Nominee Director 01.04.2015 to 31.03.2016 7 5

5. Sh Mahesh Kumar Gupta- Non Official Director (Chairperson from 01.04.2015 to 29.01.2016) 01.04.2015 to 29.01.2016 5 5

6. Sh M. S. Sarang -Shareholder Director 29.01.2016 to 31.03.2016 2 2

4.3 Committee for Monitoring of Large Value Frauds:

Reserve Bank of India vide its letter No.RBI/2004.5.DBS.FGV(F)No.1004/23.04.01A/2003-4 dated 14th January, 2004 informed about the delay in various aspects of frauds like detection, reporting to regulatory and enforcement agencies and action against the perpetrators of the frauds. It was therefore, suggested to constitute a Sub-committee of the Board, which would be exclusively dedicated to monitor and follow up of fraud cases of Rs.1.00 crore and above. The Audit Committee of the Board will continue to monitor all the cases of frauds in general.

The major functions of the Committee, inter-alia, include monitoring and review of all the frauds of Rs.1.00 crore and above so as to:

(a) Identify the systemic lacunae if any that facilitated perpetration of the fraud and put in place measures to plug the same

(b) Identify the reasons for delay in detection, if any, reporting to top management of the Bank and RBI

(c) Monitor progress of CBI/Police investigation and recovery position

(d) Ensure that staff accountability is examined at all levels in all the cases of frauds and staff side action, if required, is completed quickly without loss of time

(e) Review the efficacy of the remedial action taken to prevent recurrence of frauds, such as strengthening of internal controls and put in place other measures as may be considered relevant to strengthen Preventive measures against frauds.

The composition of the Committee as on 31st March, 2016 is as under:

Sr. No. Name of the Director

1. Shri Jatinderbir Singh- CMD

2. Shri M.K. Jain – Execuitve Director

3. Shri A.K. Jain – Execuitve Director

4. Shri S.R.Mehar – MOF Nominee Director

5. Shri Sanjay Verma- Non- Official Director

6. Smt. Anita Karnavar – Non Official Director

iatkc ,.M fla/ cSad


foÙkh; o"kZ 2015&16 ds nkSjku lfefr dh 4 cSBdsa vk;ksftr dh xÃ ftudk fooj.k fuEu gS%

30-06-2015 22-09-2015 12-02-2016 29-03-2016

funs'kdksa dk mudh vofèk ds nkSjku mifLFkrh dk fooj.k bl çdkj gS%

uke

dk;Zdky

muds dk;Zdky ds n©jku vk;¨ftr cSBdä dh Lka[;k

cSBdä esa LkgHkkfxrk

Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd 01-04-2015 ls 31-03-2016 4 4Jh ,e-ds- tSu & dk;Zdkjh funs'kd 01-04-2015 ls 31-03-2016 4 4Jh ,-ds- tSu & dk;Zdkjh funs'kd 15-12-2015 ls 31-03-2016 2 2Jh egs'k dqekj xqIrk & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 29-01-2016 2 1Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd 01-04-2015 ls 31-03-2016 4 2Jh lat; oekZ & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 31-01-2016 4 2Jhefr vuhrk d.kkZoj & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 31-03-2016 4 4

Hkkjrh; fjt+oZ cSad us vius i= fnukad 16-09-2009 la- Mhch,l-lhvks-,Qvkj,elh- ua- 7@23-04-001@2009&10 }kjk lwfpr fd;k gS fd èkks[kkèkM+h ds ekeyksa esa vko';d dkjZokÃ djus gsrq çHkkoh tkap dh tk, vkSj bldh lwpuk lgh çkfèkdkjh dks rqjar nh tk,A Hkkjrh; fjt+oZ cSad dh lykg ij] cSad us çèkku dk;kZy; fujh{k.k foHkkx ds varxZr~ 1 djksM+ #i, vkSj mlls Åij ds ekeyksa dk fo'ks"k dk;Z djus gsrq dsaæh; l?ku ifjpkyu bdkÃ dh LFkkiuk dh gSA

fnukad 12-12-2012 ds cksMZ ladYi la[;k 20214 ds vuqlkj] ,d Lora= u, foHkkx Þèkks[kkèkM+h fuxjkuh foHkkxß dh fnukad 07-02-2013 dks ,d gh LFkku ij LFkkiuk dh xÃ gS rkfd fd, x, ç;klksa esa fdlh çdkj dh dksrkgh vkSj deh u gks ldsA iwoZ esa èkks[kkèkM+h ds ekeyksa dh nks LFkkuksa ij ns[kHkky dh tkrh Fkh vFkkZr~ #-1 djksM+ ,oa mlls Åij ds ekeyksa dks çèkku dk;kZy; fujh{k.k foHkkx tcfd #-1 djksM+ ls de jkf'k ds ekeyksa dh ns[kHkky ç-dk- lrdZrk foHkkx }kjk dh tkrh FkhA u, çkoèkku ls èkks[kkèkM+h ds ekeyksa dh utnhdh fuxjkuh] iqjkus èkks[kkèkM+h ds ekeyksa ij rqjar dkjZokÃ vkSj çHkkoh vuqorÊ dkjZokÃ ds lkFk ckj&ckj gksus okyh èkks[kkèkM+h dks jksdus gsrq fujksèkkRed mik; fd, tk ldsaxs ftlls Hkkjrh; fjt+oZ cSad dks le; ls èkks[kkèkM+h dh lwpuk nh tk ldsxhA

cksMZ dh fo'ks"k lfefr ¼,l-lh-ch-½ ds funsZ'kksa ds vuqlkj] èkks[kkèkM+h ds ekeyksa esa gks jgh o`f) ds dkj.k fo'ks"kdj tgk¡ laifÙk dks çfrHkwfr ds :i esa j[kk tkrk gS] ,d lfefr dk xBu fd;k x;k gSA laifÙk dk ewY;kadu] gd foys[k dh okLrfodrk vkSj cgqfoèk caèkhdj.k ,sls igpkus x, eq[; {ks= gSaA

4-4 LkrdZrk Lkfefr % foÙk ea=ky; ds i= fnukad 24-10-1990 la- 10@12@90@lrdZrk@lhohvks dh 'krksZ ds vuq:i] cSad us lrdZrk lacaèkh dk;kasZ

dh leh{kk ds –f"Vdks.k ls] lrdZrk vuq'kklu lacaèkh ekeyksa ds rqjar fuiVku gsrq çHkkoh fuxjkuh vkStkj ds :i esa cksMZ dh ,d lrdZrk lfefr dk fuEu lnL;ksa ds lkFk xBu fd;k gSA

Ø-Lka- funs'kd dk uke1- Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd2- Jh ,e-ds- tSu & dk;Zdkjh funs'kd3- Jh ,-ds- tSu & dk;Zdkjh funs'kd4- Jh ih-ds- tsuk & Hkkjrh; fjt+oZ cSad ukfer funs'kd5- Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd

foÙkh; o"kZ 2015&16 ds nkSjku lfefr us fuEu fooj.k ds vuqlkj pkj voljksa ij cSBd dh%

30-06-2015 07-11-2015 08-12-2015 12-02-2016

Punjab & Sind Bank


The Committee met four times during the Financial Year 2015-16 as per the details below:

30.06.2015 22.09.2015 12.02.2016 29.03.2016

The details of attendance of directors during their tenure are as under:


Meetings Attended

Shri Jatinderbir Singh-CMD 01.04.2015 to 31.03.2016 4 4

Shri M. K. Jain – Executive Director 01.04.2015 to 31.03.2016 4 4

Shri A. K. Jain – Executive Director 15.12.2015 to 31.03.2016 2 2

Shri. Mahesh Kumar Gupta- Non-Official Director 01.04.2015 to 29.01.2016 2 1

Shri S.R Mehar – MOF Nominee Director 01.04.2015 to 31.03.2016 4 2

Shri. Sanjay Verma – Non official Director 01.04.2015 to 31.03.2016 4 2

Smt. Anita Karnavar - Non official Director 01.04.2015 to 31.03.2016 4 4

RBI, vide letter No. DBS. CO. FrMC. No. 7/23.04.001/2009-10 dated 16.09.2009 had advised to initiate necessary action in respect of effective investigation in fraud cases and prompt reporting to appropriate authority. The Bank has since then set up a Centralized Dedicated Operating Unit under the aegis of HO Inspection Department to undertake distinct functions relating to frauds above Rs. 1.00 crore as advised by RBI.

In terms of Board Resolution no. 20214 dated 12.12.2012, a new independent Deptt named ‘Fraud Monitoring Department’ has been working since 07.02.2013 at one place, leaving no scope to overlapping and duplicity of effort. Earlier, fraud cases were dealt at two places viz the large value fraud of Rs. one crore & above at HO. Inspection Deptt, where as frauds below the amount of Rs. one crore were being dealt by HO. Vigilance Deptt. The new set up resulted in close monitoring of fraud cases, faster closure of old fraud cases and effective follow up and implementation of preventive measures to check the recurrence of frauds & improvement in timely reporting of frauds to RBI.

In terms of the directions of Special Committee of Board (SCB), a Committee has also been formed in view of increasing trend of frauds particularly in those cases where property is kept as security. The identified vulnerable areas are valuation of property, genuineness of the title deeds and multiple mortgages.

4.4 Vigilance Committee

With a view to make the review of vigilance work an effective instrument of monitoring the speedy disposal of vigilance disciplinary cases, a Vigilance Committee of the Board has been setup in the Bank in terms of Ministry of Finance letter

No.10/12/90/VIG/CVOs dated 24.10.1990 with following members:

S. No. Name of Director


2. Shri M.K. Jain – Executive Director

3. Shri A.K. Jain – Executive Director

4. Shri P.K.Jena - RBI Nominee Director

5. Shri S.R.Mehar - MOF Nominee Director

The Committee met four times during the Financial Year 2015-16 as per the details below:

30.06.2015 07.11.2015 08.12.2015 12.02.2016

iatkc ,.M fla/ cSad


funs'kd lnL;ksa dh muds dk;Zdky ds nkSjku lfefr dh vk;ksftr mä cSBdksa esa mudh mifLFkfr lacaèkh fooj.k fuEu çdkj gS&

funs'kd dk uke

vof/ k


vk;¨ftr cSBdsa

cSBdsa] ftuesa

LkgHkkfxrk dhJh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd 01-04-2015 ls 31-03-2016 4 4Jh ,e-ds- tSu & dk;Zdkjh funs'kd 01-04-2015 ls 31-03-2016 4 4Jh ,-ds- tSu & dk;Zdkjh funs'kd 15-12-2015 ls 31-03-2016 1 1Jh ih-ds- tsuk & Hkk-fj- cSad ukfer funs'kd 01-04-2015 ls 31-03-2016 4 1Jh ,l-vkj- esgj & foÙk ea=ky; ukfer 01-04-2015 ls 31-03-2016 4 4

4-5- t¨f[ke Áca/ ku Lkfefr %

cSad us leLr tksf[keksa dh leh{kk ,oa ewY;kadu djus ds fy, cksMZ Lrj dh tksf[ke çcaèku lfefr dk xBu fd;k gSA

lfefr eq[; rhu tksf[ke fØ;kvksa tSls _.k tksf[ke] cktkj tksf[ke ,oa ifjpkyu tksf[ke dh leh{kk djrh gS vkSj fo"k; ij leqfpr fopkj djrh gS ,oa ;fn vko';d gks rks lgh funsZ'k tkjh djrh gSA

fnukad 31 ekpZ] 2016 dks lfefr dh lajpuk fuEu gS%

Ø-la- funs'kd dk uke1- Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd2- Jh ,e-ds- tSu & dk;Zdkjh funs'kd3- Jh ,-ds- tSu & dk;Zdkjh funs'kd4- Jh lat; oekZ & xSj&vfèkdkfjd funs'kd5- Jhefr vuhrk d.kkZoj & xSj&vfèkdkfjd funs'kd6- Jh vruq lsu & xSj vfèkdkfjd funs'kd

foÙkh; o"kZ 2015&16 ds nkSjku lfefr us fuEu fooj.k ds vuqlkj pkj voljksa ij cSBd dh%

29-06-2015 21-09-2015 08-12-2015 11-02-2016

funs'kd lnL;ksa dh muds dk;Zdky ds nkSjku lfefr dh vk;ksftr mä cSBdksa esa mudh mifLFkfr lacaèkh fooj.k fuEu gS&

funs'kd dk uke

vof/ k

muds dk;Zdky ds n©jku vk;¨ftr

cSBdsa

cSBdsa] ftuesa

LkgHkkfxrk dhJh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd 01-04-2015 ls 31-03-2016 4 4Jh ,e-ds- tSu & dk;Zdkjh funs'kd 01-04-2015 ls 31-03-2016 4 4Jh ,-ds- tSu & dk;Zdkjh funs'kd 15-12-2015 ls 31-03-2016 1 1Jh ih-ds- tsuk & funs'kd ¼Hkk-fj- cSad ukfer½ 01-04-2015 ls 29-03-2016 4 3Jh lat; oekZ & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 31-03-2016 4 2Jhefr vuhrk d.kkZoj & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 31-03-2016 4 4Jh vruq lsu & xSj vfèkdkfjd funs'kd 29-03-2016 ls 31-03-2016 0 0

cSad us ,d okLrfod tksf[ke çcaèku ds <k¡ps dk xBu fd;k gS ftlesa tksf[ke çcaèku laxBu <¡kpk] tksf[ke fl)kar] tksf[ke fu;a=.k ,oa tksf[ke ys[kk ijh{k.k lfEefyr gSa tks fd lHkh _.k tksf[ke] cktkj tksf[ke ,oa ifjpkyu tksf[ke vkfn dks igpkuus] çcaèku] fuxjkuh djus ds –f"Vdks.k ls gSA blds ihNs ewy y{; ;g lqfuf'pr djuk gS fd cSad ds ifjpkyu esa LFkkf;Ro ,oa dk;Z{kerk cuh jgs vkSj cSad ds fgrksa dh lqj{kk dh ns[kHkky gksrh jgsA

Punjab & Sind Bank




Meetings attended

Shri Jatinderbir Singh–CMD 01.04.2015 to 31.03.2016 4 4

Shri M. K. Jain– Executive Director 01.04.2015 to 31.03.2016 4 4

Shri A. K. Jain– Executive Director 15.12.2015 to 31.03.2016 1 1

Shri P. K. Jena– RBI Nominee Director 01.04.2015 to 31.03.2016 4 1

Shri S. R. Mehar– MOF Nominee Director 01.04.2015 to 31.03.2016 4 4

4.5. Risk Management Committee: The Bank has constituted a Board level Risk Management Committee to review and evaluate the overall risks assumed

by the Bank. The Committee reviews three important risk functions viz. Credit Risks, Market Risks and Operational Risks and takes an

integrated view of the subject and impart suitable directions if required.

The composition of the Committee as on 31st March, 2016 is as under: S. No. Name of Director

1. Shri Jatinderbir Singh- CMD2. Shri M. K. Jain – Executive Director3. Shri A. K. Jain – Executive Director4. Shri Sanjay Verma - Non official Director5. Smt. Anita Karnavar - Non official Director6. Shri Atanu Sen - Non official Director

The Committee met four times during the Financial Year 2015-16 as per the details below:29.06.2015 21.09.2015 08.12.2015 11.02.2016



Meetings attended


Shri M. K. Jain-Executive Director 01.04.2015 to 31.03.2016 4 4

Shri A. K. Jain-Executive Director 15.12.2015 to 31.03.2016 1 1

Shri P. K. Jena –RBI Nominee Director 01.04.2015 to 29.03.2016 4 3

Shri Sanjay Verma – Non Official Director 01.04.2015 to 31.03.2016 4 2

Smt.Anita Karnavar – Non Official Director 01.04.2015 to 31.03.2016 4 4

Sh. Atanu Sen - Non Official Director 29.03.2016 to 31.03.2016 0 0

The Bank has set up an appropriate risk management architecture, comprising Risk Management Organizational Structure, Risk Principles, Risk Processes, Risk Control and Risk Audit, all with a view to ideally identify, manage, monitor and control various categories of risks, viz. Credit Risk, Market Risk and Operational Risk, etc. The underlying objective is to ensure continued stability and efficiency in the operations of the Bank and to look after the safety of the Bank.

iatkc ,.M fla/ cSad


4-6 xzkgd Lksok Lkfefr %

¼d½ c¨MZ dh xzkgd Lksok Lkfefr %

cSad us cksMZ dh ,d mi lfefr dk xBu fd;k gS tks fd ^cksMZ dh xzkgd lsok lfefr* ds uke ls tkuh tkrh gSA 31 ekpZ] 2016 dks lfefr ds fuEu lnL; gSa &

Ø-la- funs'kd dk uke1- Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd2- Jh ,e-ds- tSu & dk;Zdkjh funs'kd3- Jh ,-ds- tSu & dk;Zdkjh funs'kd4- Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd 5- Jh ,e-,l- lkjax & 'ks;jèkkjd funs'kd

lfefr ds dk;ksZa esa xzkgd lsokvksa dh xq.koÙkk dks csgrj cukus ds fy, lq>ko rFkk uoksUes"kh mik;ksa ds fy, IysVQkeZ dk l`tu djuk rFkk lHkh laoxZ ds xzkgdksa gsrq larqf"V ds Lrj esa lqèkkj djuk 'kkfey gS ftlesa lkFk&lkFk fuEufyf[kr dk lekos'k gS%

i. xzkgd lsok ij 'kh"kZ lfefr ds :i esa dk;Z djrh gS vkSj lkoZtfud lsokvksa dh çfØ;k ,oa ys[kk ijh{kk dk;Z&fu"iknu lacaèkh LFkk;h lfefr ds dk;ks± dh ns[k&js[k djuk rFkk xzkgd lsokvksa dh LFkk;h lfefr ¼lh-ih-ih-,-ih-,l-½ dh flQkfj'kksa ds vuqikyu dks lqfuf'pr djukA

ii. vfèkfu.kZ; dh rkjh[k ls rhu eghus ls vfèkd vofèk ds xqtj tkus ij Hkh ykxw u fd, x, 'ks"k vfèkfu.kZ;ksa rFkk cSaÇdx yksdiky }kjk cSaÇdx lsok,a çnku djus esa ik;h xÃ dfe;ksa dh fLFkfr dh leh{kk djukA

iii. xzkgd lsok esa xq.koÙkk esa o`f) ykus gsrq uoksUes"kh mik; djuk vkSj lHkh Lrjksa ij xzkgd larqf"V esa lqèkkj djukA

foÙkh; o"kZ 2015&16 ds nkSjku lfefr dh fuEu frfFk;ksa ij cSBdsa gqbZ%

29-06-2015 21-09-2015 08-12-2015 11-02-2016

funs'kdksa dh mifLFkfr dk C;kSjk bl çdkj gS%

funs'kd dk uke vof/ k muds dk;Zdky ds n©jku vk;¨ftr

cSBdsa

cSBdsa ftuesa LkgHkkfxrk dh

Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd 01-04-2015 ls 31-03-2016 4 4Jh ,e-ds- tSu & dk;Zdkjh funs'kd 01-04-2015 ls 31-03-2016 4 4Jh ,-ds- tSu & dk;Zdkjh funs'kd 15-12-2015 ls 31-03-2016 1 1Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd 01-04-2015 ls 31-03-2016 4 3Jh ,e-,l- lkjax & 'ks;jèkkjd funs'kd 01-04-2015 ls 31-03-2016 4 4

¼[k½ xzkgd lsok ij LFkk;h lfefr% Hkkjrh; fjt+oZ cSad ds fn'kk&funsZ'kkuqlkj] cSad ds funs'kdksa dh xfBr mi lfefr ds vfrfjä xzkgd lsokvksa ij ,d LFkk;h lfefr

dk xBu fd;k gS ftlesa cSad ds 2 egkçcaèkd ,oa lekt ds 3 vU; çfrf"Br O;fä lnL;ksa ds :i esa lfEefyr gSaA cSBd dh vè;{krk] cSad ds dk;Zdkjh funs'kd }kjk dh tkrh gSA

lfefr ds eq[; dk;Z gSa&

(i) cSad }kjk xzkgd dsafær mik;ksa ij fopkj djukA

(ii) vkapfyd dk;kZy;ksa ls tkudkjh çkIr dj] mls cksMZ dh xzkgd lfefr ds le{k vko';d uhfr@çfØ;kRed dkjZokÃ djus gsrq çLrqr djuk] ftlls gks jgs ifjorZuksa dh lqfoèkk nh tk ldsA

Punjab & Sind Bank


4.6 Customer Service Committee:

(a) Customer Service Committee of the Board

The Bank has constituted a sub-committee of Board, known as ‘Customer Service Committee of the Board'. The Committee has the following members as on 31st March, 2016:



2. Shri M. K. Jain – Executive Director

3. Shri A. K. Jain – Executive Director

4. Shri S. R. Mehar – MOF Nominee Director

5. Shri M. S. Sarang – Shareholder Director

The functions of the Committee include creating a platform for making suggestions and innovative measures for enhancing the quality of customer service and improving the level of satisfaction for all categories of clientele at all times, which inter-alia comprises the following: i. Act as apex Committee on Customer Service and oversees the functioning of the Standing Committee on Customer

Service and also compliance with the recommendations of the Committee on Procedure and Performance Audit on Public Service (CPPAPS).

ii. Review the status of the Awards remaining unimplemented for more than 3 months from the date of Awards and also deficiencies in providing banking services as observed by the Banking Ombudsman.

iii. Mount innovative measures for enhancing the quality of customer service and improving level of customer satisfaction for all categories of clientele

During the Financial Year 2015-16, the Committee met on the following dates:

29.06.2015 21.09.2015 08.12.2015 11.02.2016

The details of attendance of the Directors are as under:

Name of the Director Period

Meetings held during the period

of their tenure

Meetings attended

Shri Jatinderbir Singh - CMD 01.04.2015 to 31.03.2016 4 4 Shri M.K. Jain - Executive Director 01.04.2015 to 31.03.2016 4 4 Shri A.K. Jain - Executive Director 15.12.2015 to 31.03.2016 1 1 Shri S.R. Mehar- MOF Nominee Director 01.04.2015 to 31.03.2016 4 3 Shri M.S. Sarang- Shareholder Director 01.04.2015 to 31.03.2016 4 4

(b) Standing Committee on Customer Service:

Besides, the Sub Committee of the Board as aforesaid, the Bank has also set up a Standing Committee on Customer Service having two General Managers of the Bank and three other eminent public personalities as members, as per the guidelines of Reserve Bank of India. The Committee is chaired by the Executive Director of the Bank.

Main functions of the committee are:

(i) To take stock of the customer centric measures taken by the Bank.

(ii) To get feedback from the Zonal Offices and put up the same on customer service committee of the Board for necessary Policy / Procedural action facilitate change on an ongoing basis.

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31-03-2016 dks lfefr dh lajpuk bl çdkj gS%

Ø-la- funs'kd dk uke

1- Jh ih-ds- tsuk & Hkk-fj- cSad ukfer funs'kd

2- Jh ,l-vkj- esgj & ukfer funs'kd ¼foÙk ea=ky;½

3- Jh ,e-,l- lkjax & 'ks;jèkkjd funs'kd

4- Jh lat; oekZ & xSj&vkfèkdkfjd funs'kd

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funs'kdksa dh mifLFkfr dk fooj.k fuEu çdkj gS%


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Jh ih-ds- tsuk & Hkk-fj-cSad ukfer funs'kd 01-04-2015 ls 31-03-2016 1 1

Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd 01-04-2015 ls 31-03-2016 1 0Jh ,e-,l- lkjax & 'ks;jèkkjd funs'kd 01-04-2015 ls 31-03-2016 1 1Jh lat; oekZ & xSj&vkfèkdkfjd funs'kd 01-04-2015 ls 31-03-2016 1 1

4-8 'ks;j/kkjd laca/k lfefr

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va'kèkkjdksa] fMcsapjèkkjdksa vkSj vU; çfrHkwfrèkkjdksa ds ifjoknksa ds fuokj.k djus dh çfØ;k ds fy, 'ks;jèkkjd lacaèkh lfefr dk xBu fd;k x;k gSA fnukad 31 ekpZ] 2016 dks lfefr dh lajpuk fuEu çdkj gS%

Ø-la- funs'kd dk uke1- Jh ,e-,l- lkjax & 'ks;jèkkjd funs'kd ¼vè;{k½2- Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd3- Jh ,e-ds- tSu & dk;Zdkjh funs'kd4- Jh ,-ds- tSu & dk;Zdkjh funs'kd5- Jh lq[ksu iky ccwrk & 'ks;jèkkjd funs'kd

foÙkh; o"kZ 2015&16 esa lfefr dh fuEu frfFk;ksa ij cSBdsa gqÃA

12-05-2015 08-08-2015 07-11-2015 11-02-2016

Punjab & Sind Bank


4.7 Remuneration Committee:

Government of India announced Performance Linked Incentives for Whole Time Directors of Public Sector Banks vide Notification No.F No.20/1/2005-BO-I dated 9th March, 2007. The incentive is based on certain qualitative as well as quantitative parameters fixed for Performance Evaluation Matrix on the basis of the statement of intent on goals and benchmarks based on various compliance reports during the previous financial year. In compliance of the said directives, a Remuneration Committee of the Board was constituted for evaluation of the performance and incentive amount to be awarded / paid during the year.

The composition of the present Committee as on 31st March, 2016 is as under: S. No. Name of Director

1. Shri P. K. Jena – RBI Nominee Director2. Shri S. R. Mehar – MOF Nominee Director3. Shri M. S. Sarang – Shareholder Director4. Shri Sanjay Verma – Non Official Director

The Committee met on 29.03.2016 during the financial year 2015-16.

The details of attendance of the Directors are as under:

Name of the Director Period

Meetings held during the period

of their tenure

Meetings attended

Shri P.K. Jena, RBI Nominee Director 01.04.2015 to 31.03.2016 1 1

Shri S. R. Mehar – MOF Nominee Director 01.04.2015 to 31.03.2016 1 0

Sh. M.S.Sarang – Shareholder Director 01.04.2015 to 31.03.2016 1 1

Sh. Sanjay verma- Non Official Director 01.04.2015 to 31.03.2016 1 1

4.8 Stakeholders Relationship Committee:

SEBI vide Circular dated 17.04.2014, has reviewed the provisions of the Listing Agreement relating to Corporate Governance as per provisions of Companies Act, 2013 and has notified revised Clause 49 of the Listing Agreement relating to Corporate Governance w.e.f. 01.10.2014. Clause 49(VIII)(E) provides that a Committee under the Chairmanship of a non-executive Director named as “Stakeholders Relationship Committee” shall be formed to redress shareholders and investors complaints, if any.

The Stakeholders Relationship Committee has been constituted to look into the mechanism of redressal of grievances of Shareholders, Debenture holders and other security holders. The composition of the Committee as on 31st March 2016 is as under:

S. No. Name of Director1. Shri M.S.Sarang – Shareholder Director (Chairperson)2. Shri Jatinderbir Singh – Chairman & Managing Director3. Shri M. K. Jain – Executive Director4. Shri A.K.Jain – Executive Director5. Shri S. P. Babuta – Shareholder Director

The Committee met on the following dates during the Financial Year 2015-16 12.05.2015 08.08.2015 07.11.2015 11.02.2016

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lfefr dh mDr cSBd esa funs'kdksa dh mifLFkfr muds dk;Zdky ds vuqlkj fuEu çdkj gS%

funs'kd dk uke vof/ k muds dk;Zdky ds n©jku vk;¨ftr cSBdsa

cSBdsa ftuesa LkgHkkfxrk dh

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lfefr fuos'kdksa dh f'kdk;rksa ds fuokj.k ds fy, le;c) :i ls fuxjkuh djrh gSA

o"kZ ds nkSjku çkIr ,oa fuokj.k dh xÃ f'kdk;rksa@fuosnuksa dh la[;k dk lkjka'k fuEu çdkj gS%

01-04-2015 dk 'ks"k o"kZ ds nkSjku çkIr o"kZ ds nkSjku fuokj.k 31-03-2016 dks cdk;k

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;kstukvksa dks xfr çnku djus vkSj fofHkUu ;wfu;uksa rFkk ,lksfl,'ku ds lkFk fopkj&foe'kZ djus gsrq fd;k x;k gSA vè;{k ,oa çcaèk funs'kd] dk;Zdkjh funs'kd vkSj vU; dksÃ lnL;ksa ds eè; ls cSBd ds dksje ds fy, vko';d gSA cSBd dHkh Hkh vko';d gks] dh tk ldrh gS ysfdu frekgh esa de ls de ,d ckj vko';d gSA

fnukad 31 ekpZ] 2016 dks lfefr dh lajpuk fuEu çdkj gS%

Ø-la- funs'kd dk uke1- Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd2- Jh ,e-ds- tSu & dk;Zdkjh funs'kd3- Jh ,-ds- tSu & dk;Zdkjh funs'kd4- Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd 5- Jh lat; oekZ & xSj&vfèkdkfjd funs'kd6- Jhefr vfurk d.kkZoj & xSj&vfèkdkfjd funs'kd

foÙkh; o"kZ 2015&16 ds nkSjku lfefr dh fuEu frfFk;ksa ij cSBdsa gqÃ%

30-06-2015 21-09-2015 12-02-2016 29-03-2016

lfefr dh mDr cSBd esa funs'kdksa dh mifLFkfr muds dk;Zdky vuqlkj fuEu çdkj gS%

funs'kd dk uke vof/ k muds dk;Zdky ds n©jku vk;¨ftr cSBdsa


Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd 01-04-2015 ls 31-03-2016 4 4Jh ,e-ds- tSu & dk;Zdkjh funs'kd 01-04-2015 ls 31-03-2016 4 4Jh ,-ds- tSu & dk;Zdkjh funs'kd 15-12-2015 ls 31-03-2016 2 2Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd 01-04-2015 ls 31-03-2016 4 2Jh lat; oekZ & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 31-03-2016 4 3Jhefr vuhrk d.kkZoj & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 31-03-2016 4 4

Punjab & Sind Bank


The details of attendance of the Directors at the aforesaid Meetings of the Committee held during their respective tenure are as under: Name of the Director Period Meetings held

during the period of their tenure

Meetings attended

Shri Jatinderbir Singh-CMD 01.04.2015 to 31.03.2016 4 4Shri M. K. Jain - Executive Director 01.04.2015 to 31.03.2016 4 4Shri A. K. Jain - Executive Director 15.12.2015 to 31.03.2016 1 1 Shri M. S. Sarang – Shareholder Director 01.04.2015 to 31.03.2016 4 4Shri Sukhen Pal Babuta -Shareholder Director 01.04.2015 to 31.03.2016 4 3

The Committee monitors the redressal of investors’ complaints in a time bound manner.

The summary of number of requests/complaints received and resolved during the year are as under:Pending as on 01.04.2015 Received during the year Resolved during the year Pending as on 31.03.2016

NIL 04 04 NIL No complaint was pending as on 31.03.2016. Shri Ajit Singh Ahuja, Company Secretary has been designated as the

“Compliance Officer” of the Bank in terms of Regulation 6 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

4.9 HR Committee The HR Committee has been constituted vide BR No.19841 dated 05.05.2012 for promoting progressive HR plans and to

have interaction with various unions and associations. CMD, ED and anyone among the other members is the quorum for meeting. Meeting may be held as and when required but at least once in a quarter.

The composition of the Committee as on 31st March, 2016 is as under:S. No. Name of Director

1. Shri Jatinderbir Singh- CMD2. Shri M. K. Jain - Executive Director3. Shri A. K. Jain - Executive Director4. Shri S. R. Mehar - MOF Nominee Director5. Shri Sanjay Verma - Non official Director6. Smt. Anita Karnavar - Non official Director

The Committee met on the following dates during the Financial Year 2015-16

30.06.2015 21.09.2015 12.02.2016 29.03.2016


Name of the Director Period Meetings held during the period

of their tenure

Meetings attended




Shri S. R. Mehar -MOF Nominee Director 01.04.2015 to 31.03.2016 4 2

Shri Sanjay Verma –Non Official Director 01.04.2015 to 31.03.2016 4 3

Smt. Anita Karnavar –Non Official Director 01.04.2015 to 31.03.2016 4 4

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4-10 cksMZ dh lwpuk çkS|ksfxdh ;kstuk lfefr% lwpuk çkS|ksfxdh dh igy esa rhozrk ykus vkSj rduhd ds vU; ykHkksa dks lQy cukus ds –f"Vdks.k ls fnukad 31-03-2016 dks

fuEu lnL;ksa ds lkFk cksMZ dh lwpuk çkS|ksfxdh lfefr dk;Zjr gS%

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foÙkh; o"kZ 2015&16 ds nkSjku lfefr dh fuEu frfFk;ksa ij cSBdsa gqÃ%

30-06-2015 08-08-2015 21-09-2015 08-12-2015 12-02-2016

funs'kdksa dh lfefr dh mDr cSBdksa esa mifLFkfr muds dk;Zdky vuqlkj fuEu çdkj gS%


cSBdsa


Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd 01-04-2015 ls 31-03-2016 5 5

Jh ,e-ds- tSu & dk;Zdkjh funs'kd 01-04-2015 ls 31-03-2016 5 5

Jh ,-ds- tSu & dk;Zdkjh funs'kd 15-12-2015 ls 31-03-2016 1 1

Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd 01-04-2015 ls 31-03-2016 5 4

Jh lat; oekZ & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 31-03-2016 5 4

Jhefr vuhrk d.kkZoj & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 31-03-2016 5 5

4-11 dk;Zikydksa dh inksUufr ij cksMZ dh lfefr%

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31 ekpZ] 2016 dks lfefr dh lajpuk fuEu çdkj gS%

Ø-la- funs'kd dk uke1- Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd2- Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd 3- Jh ih-ds- tsuk & Hkk-fj- cSad ukfer funs'kd

foÙkh; o"kZ 2015&16 ds nkSjku lfefr dh fnukad 20-07-2015 dks cSBd gqÃA

funs'kdksa dh lfefr dh mä cSBd esa mifLFkfr muds dk;Zdky vuqlkj fuEu çdkj gS%


cSBdsa




Jh ih-ds- tsuk & Hkk-fj- cSad ukfer funs'kd 01-04-2015 ls 31-03-2016 1 1

Punjab & Sind Bank


4.10 IT Strategy Committee of the Board With a view to take forward IT initiatives and drive other benefits of technologies, IT Strategy Committee of the Board

comprising of the following members is in place as on 31.03.2016 S. No. Name of Director

1. Shri Jatinderbir Singh- CMD2. Shri M. K. Jain – Executive Director3. Shri A. K. Jain – Executive Director4. Shri S. R. Mehar – MOF Nominee Director5. Shri Sanjay Verma - Non official Director6. Smt. Anita Karnavar - Non official Director

The Committee met on the following dates during the Financial Year 2015-16

30.06.2015 08.08.2015 21.09.2015 08.12.2015 12.02.2016


Name of the Director Period Meetings held dur-ing the period of

their tenure

Meetings attended




Shri S. R. Mehar - MOF Nominee Director 01.04.2015 to 31.03.2016 5 4

Shri Sanjay Verma – Non Official Director 01.04.2015 to 31.03.2016 5 4

Smt. Anita Karnavar –Non Official Director 01.04.2015 to 31.03.2016 5 5

4.11 Committee of the Board on Executives’ Promotions: A Committee of Directors consisting of Chairman and Managing Director and the nominee Directors of Government of

India and Reserve Bank of India has been formed for dealing with the promotions at senior level.





3. Shri P. K. Jena – RBI Nominee Director



Name of the Director Period Meetings held dur-ing the period of

their tenure

Meetings attended


Shri S. R. Mehar - MOF Nominee Director 01.04.2015 to 31.03.2016 1 1Shri P. K. Jena – RBI Nominee Director 01.04.2015 to 31.03.2016 1 1

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2- Jh ih-ds- tsuk & Hkk-fj- cSad ukfer funs'kd

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31 ekpZ] 2016 dks lfefr dh lajpuk fuEu gS &






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lfefr dh mDr cSBd esa funs'kdksa dh mifLFkfr muds dk;Zdky vuqlkj fuEu çdkj gS%


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Jh ,-ds- tSu & dk;Zdkjh funs'kd 15-12-2015 ls 31-03-2016 1 1


4-14 'ks;jèkkjd funs'kdksa dh pquko lfefr & lkoZtfud {ks= ds cSad esa ernku% foÙkh; lsok,a foHkkx] foÙk ea=ky; ds i= fnukad 03-04-2012 dh 'krks± ds vuqlkj fofHkUu daifu;ksa] foÙkh; laLFkkuksa vkSj lkoZtfud

{ks= ds miØe cSadksa esa 'ks;jèkkjd funs'kdksa ds pquko esa ,d mEehnokj dks leFkZu nsus ij fu.kZ; ysus gsrq cksMZ dh lfefr dk xBu cksMZ ds fnukad 05-05-2012 ds ladYi la[;k 19840 }kjk fd;k x;kA

31 ekpZ] 2016 dks lfefr dh lajpuk fuEu gS &







Punjab & Sind Bank


4.12 Committee of the Board on Appellate / Reviewing Authority: A committee of the Board on Appellate / Reviewing Authority is constituted to consider appeal / review in respect of

Disciplinary cases at senior Management level, with the following members as on 31.03.2016:



2. Shri P. K. Jena – RBI Nominee Director

4.13 Committee for Monitoring of Recovery: A Committee of Directors consisting of Chairman & Managing Director, Executive Director and the nominee Director of

Ministry of Finance has been formed to monitor the progress in recovery of the Bank in terms of directions received from Ministry of Finance, Department of Financial Services, New Delhi,vide their letter no.F.No. 7/112/2012- BOA letter dated 21.11.2012.

The composition of the Committee as on 31st March 2016 is as under:



2. Shri M. K. Jain- Executive Director

3. Shri A. K. Jain- Executive Director




Name of the Director Period Meetings held during the period

of their tenure

Meetings attended

Shri Jatinderbir Singh- CMD 01.04.2015 to 31.03.2016 1 1Shri M.K. Jain – Executive Director 01.04.2015 to 31.03.2016 1 1

Shri A. K. Jain- Executive Director 15.12.2015 to 31.03.2016 1 1Shri S. R. Mehar – MOF Nominee Director 01.04.2015 to 31.03.2016 1 1

4.14 Election of Shareholder Directors Committee-Voting by Public Sector Bank: In terms of Ministry of Finance, Department of Financial Services letter date 03.04.2012 a committee of Board for taking

decision on supporting the candidates in election as Shareholder Directors in various companies, Financial institutions and PSU Banks was constituted as per Board resolution number 19840 dated 05.05.2012.




2. Shri M. K. Jain- Executive Director

3. Shri A. K. Jain- Executive Director


5. Shri Sanjay Verma – Non Official Director

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foÙkh; o"kZ 2015&16 ds nkSjku osru ,oa ,fj;lZ dk Hkqxrku%

Ø-Lka- uke inuke jkf'k ¼#-½1- Jh tfrUnjchj Çlg vè;{k ,oa çcaèk funs'kd 20]88]000-002- Jh ,e-ds- tSu dk;Zdkjh funs'kd 17]87]012-10

3- Jh ,-ds- tSu dk;Zdkjh funs'kd 5]05]112-90¼15-12-2015 ls 31-03-2016½

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Ø-Lka- funs'kd dk uke Hkqxrku dh xbZ jkf'k ¼#-½1- Jh egs'k dqekj xqIrk 1]55]0002- Jh lq[ksu iky ccwrk 2]80]0003- Jh lat; oekZ 2]85]0004- Jhefr vfurk d.kkZoj 3]65]0005- Jh ,e-,l- lkjax 3]00]0006- Jh vruq lsu 60]000

dqy ;ksx 14]45]000

6- ÁdVhdj.k % ¼d½ cSad dk ,slk dksÃ fo'ks"k lacafèkr ikVÊ ysu&nsu ugÈ gS tgk¡ cSad ds O;kid fgrksa ds Vdjko dh laHkkouk curh gksA

¼[k½ cSad dh osclkÃV https://www.psbindia.com ij PSBPOLICY_Related_partyTransactions.pdf esa lacafèkr ikVÊ ysu&nsu uhfr miyCèk gSA

¼x½ cSad ij foxr~ rhu o"kksZ ds nkSjku iwath cktkj ls lac) fdlh Hkh ekeys esa fdlh Hkh fofu;ked çkfèkdkjh vFkkZr~ LV‚d ,Dlpsat vkSj@vFkok lsch }kjk fdlh fu;e] funsZ'kksa ,oa fn'kk&funsZ'kksa dk vuqikyu u djus ds fy,] u rks dksÃ naM yxk;k x;k gS vkSj u gh fdlh çdkj dh HkRlZuk dh xÃ gSA

¼?k½ cSad dh ^foly Cyksvj i‚fylh* ifjpkfyr gS vkSj fdlh Hkh O;fä dks bls ns[kus ls jksdk ugha x;k gSA

Punjab & Sind Bank


4.15 Share Transfer Committee:

A committee of four officials comprising of three GMs, one AGM with Company Secretary as Convenor meets at least once in a fortnight to approve demat/remat/transfer/transmission of shares. The minutes of the Share Transfer Committee are placed before the Board in the forthcoming meeting. Twenty six meetings of the Share Transfer Committee were held during the financial year 2015-16. The Bank ensures that all the transfer of shares is affected within a period of fifteen days from the date of their lodgment.

4.16. Other Disclosures:i) The Directors are appointed by Govt. of India, Ministry of Finance. There is no relationship between directors inter-se.ii) The details of familiarization programmes imparted to independent directors is disclosed on bank’s website

www.psbindia.com under head of “Investors Information”.

5. REMUNERATION OF DIRECTORS: The remuneration including traveling and halting expenses to Non-Executive Directors which are being paid as stipulated

by the Central Government in consultation with Reserve Bank of India from time to time in terms of Clause 17 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970 (as amended).

The Chairman & Managing Director and Executive Directors are being paid remuneration by way of salary as per rules framed by the Government of India. The details of remuneration paid to Chairman and Managing Director and Executive Director/s is detailed below:

A. Salary including Arrears paid during the Financial Year 2015-16:

Sr. No Name Designation Amount (Rs.)1 Shri Jatinderbir Singh Chairman & Managing Director 20,88,000.002 Shri M. K. Jain Executive Director 17,87,012.10

3 Shri A. K. Jain Executive Director 5,05,112.90(15.12.2015 to 31.03.2016)

The Sitting Fee paid to the Non-Executive Directors as per the guidelines of Govt. of India during the financial year 2015-16 is as under: (No sitting fee is payable to whole time directors and director representing Government of India and Reserve Bank of India):

Sr.No Name of the Director Amount Paid in Rs.1 Sh. Mahesh Kumar Gupta 1,55,0002 Sh. Sukhen Pal Babuta 2,80,0003 Sh. Sanjay Verma 2,85,0004 Smt. Anita Karnavar 3,65,0005 Sh. M S Sarang 3,00,0006 Sh. Atanu Sen 60,000

TOTAL 14,45,000

6. DISCLOSURES: a) There is no materially significant Related Party Transaction that may have potential conflict with the interests of the

Bank at large. b) Related Party Transactions Policy is available on website of the Bank at https://www.psbindia.com/PSBPolicy_

Related_PartyTransactions.pdf c) No penalties and strictures have been imposed on the Bank by the Stock Exchange and /or SEBI for non-compliance

of any law, guidelines and directives, on any matters related to capital markets, during the last three years. d) Bank has Whistle Blower Policy in place and no personnel have been denied access.

iatkc ,.M fla/ cSad


7- vfuok;Z ,oa foosdkèkhu vko';drk,a%

cSad us lsch dh ¼lwph;u nkf;Roksa rFkk çdVu vko';drkvksa½ vfèkfu;e] 2015 dh vuqlwph&V ds vuqlkj ykxw vfuok;Z vko';drkvksa dk vuqikyu fd;k gSA lsch dh vuqlwph&II ds ikVZ&Ã ¿fofu;eu 27¼1½À ¼lwph;u nkf;Roksa rFkk çdVu vko';drkvksa½ vfèkfu;e] 2015 ds varxZr foosdkèkhu vko';drkvksa dks ykxw djus dk ifjek.k fuEu çdkj gS%

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ds dk;kZy; dk j[k&j[kko djus dk ik= gSAykxw ugha] D;kasfd vè;{k dk in dk;Zikyd dk in gSA

2- daiuh ckgjh O;fä dks vè;{k ,oa çcaèk funs'kd@lh-Ã-vks- ds in ij fu;qä dj ldrh gSA

vè;{k ,oa çcaèk funs'kd dh fu;qfDr Hkkjr ljdkj }kjk cSaddkjh daiuh ¼miØeksa dk vtZu ,oa varj.k½ vfèkfu;e] 1980 dh 'krks± ds vuq:i dh tkrh gSA

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'ks;jèkkjdksa dh lwpuk gsrq frekgh@vèkZ&okÆ"kd@okÆ"kd foÙkh; ifj.kkeksa dks LV‚d ,Dlpsat Hkstk tkrk gS] çeq[k lekpkj&i=ksa esa çdkf'kr djk;k tkrk gS vkSj 'ks;jèkkjdksa dh tkudkjh gsrq cSad dh osclkÃV www.psbindia.com ij Hkh miyCèk djk;k tkrk gSA

4- daiuh dks vifj'kksf/kr ys[kk ijhf{kr lykg ds lkFk foÙkh; foojf.k;ksa dh O;oLFkk dh vksj tkuk pkfg,A

cSad dh foÙkh; foojf.k;ka vifj'kksf/kr gksrh gSA

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dks çLrqr fd;k tkrk gS tgka ij cSad dh çfrHkwfr;ka lwphc) gSaA ;g ifj.kke U;wure nks lekpkj i=ksa esa Hkh çdkf'kr djok, tkrs gSa ¼,d Çgnh vkSj nwljk vaxzsth½] tSlk Hkh vko';d gksA

cSad ds frekgh@o"kZ nj o"kZ@okÆ"kd ifj.kkeksa dh çfr cSad dh osclkÃV – http://www.psbindia.com ij miyCèk gSA Hkkjr esa cSad ds bDoVh 'ks;j fuEu çeq[k nks LV‚d ,Dlpsatksa ij lwphc) gSa%

1- c‚Ecs LV‚d ,DLkpsat fy- fQj¨t ththÒkW; V‚oLkZ] 25oka ry] nyky LVªhV] Q¨VZ] eqEcbZ 400001 ch,LkbZ d¨M% 533295

2- us'kuy LV‚d ,DLkpsat vkWQ bafM;k fy- ,DLkpsat Iyktk] ckaæk dqykZ d‚EIysDLk] ckaæk iwoZ] eqEcbZ 400051 ,u,LkbZ d¨M% ih,Lkch&bZD;w

,u,lMh,y] lhMh,l,y dks vfHkj{kk 'kqYd vkSj ch,lÃ] ,u,lÃ dks ,Dlpsat esa lwphc) lHkh çfrHkwfr;ksa ds lwphdj.k 'kqYd dk vkt rd dk Hkqxrku dj fn;k x;k gSA

cSad }kjk tkjh fV;j & II ck.M ds lacaèk esa lwph;u djkj ds MsV [k.M 2A vkSj lsch ds fnukad 29 vDVwcj] 2013 ds ifji= la[;k CIR/IMD/DF/18/2013 dh 'krks± ds vuqlkj fMcsapjksa ds VªLVh dk çdVu

ckaM èkkjdksa gsrq VªLVh

vkbZMhchvkbZ VªLVhf'ki lfoZlst+ fy-iath—r dk;kZy;

,f'k;u fcÇYMx] Hkwry] 17] vkj- dekuh ekxZ] cykMZ ,LVsV] eqEcÃ & 400001nwjHkk"k la[;k% ¼022½ 40807000

QSDl la[;k% 91&22&66311776@40807080Ã&esy% itsl[at]idbitrustee.com

Punjab & Sind Bank


7. MANDATORY AND DISCRETIONARY REQUIREMENTS: The Bank has complied with applicable mandatory requirements as per Schedule V of SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015. The extent of implementation of discretionary requirements are as per Part-E of Schedule-II {Regulation 27(1)} of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is as under:

Sr. No Discretionary requirements Status of Implementation1. Non-executive Chairman to maintain Chairman’s

Office at company’s expense.Not Applicable, since the Chairman’s position is Executive.

2. Company may appoint separate persons to the post of chairperson and managing director or chief executive officer.

Chairman & Managing Director is appointed by Govt. of India in terms of The Banking Companies (Acquisition & Transfer of Undertakings) Act,1980

3. Half-yearly declaration of financial performance including summary of significant events in last six months to be sent to shareholders.

Quarterly/Half Yearly/Yearly financial results are sent to Stock Exchanges, published in leading newspapers and are also placed on Bank’s website www.psbindia.com for information of the shareholders.

4. Company may move towards regime of financial statements with unmodified audit opinion.

The financial statements of the Bank are unqualified.

5. The internal auditor may report directly to the audit committee.

Internal audit reports are directly placed before the Audit Committee by Inspection Department.

8. MEANS OF COMMUNICATION: The Bank recognizes the need for keeping its shareholders and stakeholders informed of the events of their interests

through present advanced information technology and means of communication. The financial results of the Bank are submitted to the stock exchanges, where the securities of the Bank are listed,

immediately after the conclusion of the Board Meeting approving the same. The results are published in minimum two newspapers (one English and one Hindi) as required.

The quarterly / year to year / Annual Financial Results of the Bank & Press Release are hosted on the Bank’s website: http://www.psbindia.com.

The Bank’s equity shares are listed on the following major Stock Exchanges in India : 1) Bombay Stock Exchange Ltd. Phiroze jeejeebhoy Towers, 25th Floor, Dalal Street, Fort Mumbai-400 001 BSE Code: 5332952) National Stock Exchange of India Ltd. “Exchange Plaza”, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 NSE CODE : PSB-EQ

Custodial fee to NSDL, CDSL and listing fees to BSE, NSE in respect of all securities listed with the exchange(s) has been paid. Disclosure of Debenture Trustees in Terms of SEBI Circular no. CIR/IMD/DF/18/2013 dated 29th October, 2013 and

clause 2A of Debt Listing Agreement in respect of TIER – II Bonds issued by the Bank

TRUSTEE FOR THE BONDHOLDERS

IDBI Trusteeship Services Ltd.

Registered OfficeAsianBuilding, Ground Floor, 17, R Kamani Marg, Ballard Estate, Mumbai – 400 001

Tel No. (022) 40807000Fax No. 91-22-66311776 / 40807080

E-mail:itsl[at]idbitrustee.com

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31 ekpZ] 2016 dks cSad ds ikl 40]04]11]027 bDoVh 'ks;j gS ftuesa ls 40]04]05]254 'ks;j vHkkSfrd :i esa èkkfjr gSa ftudk fooj.k fuEukuqlkj gS%

/ kkfjrk dk Lo:i 'ks;jä dh Lka[;k izfr'krHkkSfrd 5]773 0-0014vÒ©frd,u-,Lk-Mh-,y-Lkh-Mh-,Lk-,y-*

7]19]57]89632]84]47]358

17-971082-0276

dqy ;ksx 40]04]11]027 100-0000 * buesa Hkkjr ljdkj }kjk èkkfjr 31]88]22]775 bfDoVh 'ks;j lfEefyr gSaA

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fuos'kd vius varj.k foys[k@vuqjksèk@f'kdk;rksa dks fuEu irs ij jftLVªkj dks çsf"kr dj ldrk gS%

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ih-oh-vkj- ukjk;.kk ds ikl] ubZ fnYyh&110028 nwjHkk"k% ¼011½ 41410592 ls 0594 QSDl% ¼011½ 41410591 bZ esy% [email protected] cSad us 'ks;j d{k dh LFkkiuk çèkku dk;kZy;] 21] jktsaæ Iysl] uÃ fnYyh & 110008 esa dh gS] tgka 'ks;jèkkjd vius varj.k

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QSDl% ¼011½ 25781639 bZ&esy% [email protected]

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Punjab & Sind Bank


9.1 Dematerialisation of Securities: The shares of the Bank are under compulsory demat list of SEBI and the Bank has entered in to Agreements with National

Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) for dematerialization of Bank’s shares. Shareholders can get their shares dematerialized with either NSDL or CDSL.

As on March 31, 2016 the Bank has 40,04,11,027 Number of Equity Shares of which 40,04,05,254 Shares are held in dematerialized form, as per the detail given below.

Nature of Holding Number of shares PercentagePhysical 5,773 0.0014DematerializedNSDLCDSL *

7,19,57,89632,84,47,358

17.971082.0276

Grand Total 40,04,11,027 100.0000

* includes 31,88,22,775 equity shares held by the Government of India.

9.2 Electronic Clearing Services (ECS) :

Electronic Clearing Services is a modern method of payment where the amounts of dividend/interest etc., are directly credited to the bank accounts of the Investors concerned. The Bank has offered the services to the shareholders with an option to avail the facility at all the centers covered by Reserve Bank of India under its ECS/NECS facility.

9.3 Share Transfer System & Redressal of Investors’ Grievances:

The Bank ensures that all transfer of Shares are duly affected within a period of fifteen days from the date of their lodgment. The Board has constituted Stakeholders Relationship Committee to look into the mechanism of redressal of grievances of shareholders, debenture holders and other security holders. The Committee meets at regular intervals and reviews the status of Investors' Grievances. The Board has also constituted Share Transfer Committee which meets at least once in a fortnight to approve demat/remat/transfer/transmission of shares.

The Bank has appointed Link Intime India Pvt Ltd as its Share Transfer Agent with a mandate to process transfer of Shares, dividend payments, recording of Shareholders’ requests, solution of investors’ grievances amongst other activities connected with the issue of Shares, dividend etc.

The Investors may lodge their transfer deeds / requests / complaints with the Share Transfer Agent at following address:

Link Intime India Pvt Ltd (Unit: Punjab & Sind Bank) 44, Community Centre, IInd floor, Naraina Indl. Area, Phase-I, Near PVR Naraina, New Delhi-110 028. Phone : (011) 41410592 to 0594 Fax : (011) 41410591 E Mail : [email protected] The Bank has established Shares Cell at Head Office, 21,Rajendra Place,New Delhi-110008 wherein the shareholders

can mail their requests/complaints for resolution, at the address given below:

Punjab & Sind Bank Head Office : Accounts & Audit Deptt.(Shares Cell), 21-Rajendra Place, 1st Floor, New Delhi-110 008. Telephone : (011) 25782926, 25812922 Fax : (011) 25781639 E-mail : [email protected] (The aforesaid e-mail ID is exclusively designated for investors' complaints pursuant to Regulation 6 (2) (d) of

SEBI(Listing Obligations and Disclosure Requirements)Regulations, 2015.

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foÙkh; o"kZ 1 vçSy] 2015 ls 31 ekpZ] 2016NBoÈ okÆ"kd lkekU; cSBd dh frfFkNBoÈ okÆ"kd lkekU; cSBd dk le;NBoÈ okÆ"kd lkekU; cSBd dk LFky

28-06-2016 ¼eaxyokj½ 10 cts çkr% dkybafM;k baVjus'kuy dsaæ] 40] eSDl ewyj ekxZ]yksèkh ,LVsV] uÃ fnYyh & 110003

cfg;ksa dks can djus dh rkjh[k 22-06-2016 ls 28-06-2016ykHkka'k gsrq ik=rk dh frfFk 21-06-2016

ç‚Dlh QkeZ çkIr djus dh vafre frfFk 23-06-2016 ¼lka; 5%00 cts rd½ykHkka'k Hkqxrku dh frfFk 12-07-2016

13- 31 ekpZ] 2016 d¨ 'ks;j/ kkfjrk Lo:i

Ø-Lka- fooj.k 'ks;j/ kkjdä dh Lka[;k 'ks;j bfDoVh dk izfr'kr1- Hkkjr ljdkj ¼çorZd½ 1 318822775 79-622- foÙkh; laLFkku@chek daifu;ka@cSad 21 43318778 10-823- fons'kh laLFkkxr fuos'kd 3 3854100 0-964- d‚jiksjsV fudk; 636 3815906 0-955- OkS;fDrd fuoklh 133829 25360564 6-346- fgUnw vfoHkkftr ifjokj 7610 1235782 0-31

7- vfuoklh Hkkjrh; 1098 1062400 0-27

8- fons'kh iksVZQksfy;ks fuos'kd ¼d‚iksZjsV½ 7 2376290 0-59

9- VªLV 9 280922 0-0710- lek'kksèku lnL; 188 283510 0-07

dqy ;ksx 143402 400411027 100-00

Punjab & Sind Bank


10. Status report in respect of unclaimed shares of the allottees held in Escrow A/c (31.03.2016):

S. No. Particulars NSDL IN301330-21335661

CDSL1601010000399414

1. No. of shares lying in PSB Unclaimed Suspense Account in begin-ning of the year

1272 1230

2. No. of shareholders who approached for transfer of shares and to whom shares were transferred from Suspense A/c

-- --

3. Number of Shareholders to whom shares were transferred from suspense account during the year

-- --

4. No. of shares lying in PSB Unclaimed Suspense Account at the end of the year

1272* 1230*

* Certified that voting rights on these shares shall remain frozen till the rightful owner claims the said shares.

11. Corporate Governance The Bank has adopted and follows such practices, convention and codes as would provide its financial stakeholders

including the depositors, a high level of assurance on the quality of Corporate Governance. The Bank has transparent ownership structure, well-defined executive management structure, satisfactory risk management practices, transparency in appointment and functioning of the Board and Senior Management and an elaborate audit function, carried out both by its Inspection Department and independent audit firms. The Bank has complied with Corporate Governance requirements as specified in Regulation 17 to 27 and clauses (b) to (i) of sub-regulation (2) of Regulation 46 and para C,D and E of Schedule V shall apply to the extent that it does not violate their respective statutes and guidelines or directives issued by the relevant authorities.

12. Financial Calendar (tentative): Financial Year 1st April, 2015 to 31st March, 2016Date of Sixth Annual General Meeting.Time of Sixth Annual General MeetingVenue of Sixth Annual General Meeting

28.06.2016 (Tuesday)10.00 A.M.India International Centre, 40-Max Mueller Marg, Lodhi Estate, New Delhi-110003

Book Closure dates 22.06.2016 to 28.06.2016Date for entitlement of dividend 21.06.2016Last Date for receipt of Proxy Forms 23.06.2016 (upto 5.00 pm)Date of payment of dividend 12.07.2016

13. Shareholding Pattern as on 31st March 2016 Sr. No. Description No. of Share Holders Shares % To Equity

1. Govt. of India (Promoters) 1 318822775 79.62

2. Financial Investors/Ins Cos/ Banks 21 43318778 10.82

3. Foreign Institutional Investors 3 3854100 0.964. Bodies Corporate 636 3815906 0.955. Resident Individuals 133829 25360564 6.346. Hindu Undivided Family 7610 1235782 0.317. Non Resident Indians 1098 1062400 0.278. Foreign Portfolio Investor(Corporate) 7 2376290 0.599. Trusts 9 280922 0.07

10. Clearing Members 188 283510 0.07 Total 143402 400411027 100.00

iatkc ,.M fla/ cSad


14- 31 ekpZ] 2016 dks 'ks;j/ kkfjrksa ¼'ks;j½ dk Js.kh&okj forj.k

LkaoxZ ekeyä dh Lka[;k ekeyä dk izfr'kr dqy 'ks;j dqy dk izfr'kr

1 & 250 127110 88-639 8256116 2-0619

251 & 500 8295 5-7844 3190616 0-7968

501 & 1000 4371 3-0481 3436400 0-8582

1001 & 2000 1958 1-3654 2859255 0-7141

2001 & 3000 590 0-4114 1502691 0-3753

3001 & 4000 276 0-1925 988673 0-2469

4001 & 5000 218 0-152 1030243 0-2573

5001 & 10000 315 0-2197 2277516 0-5688

10001 vkSj vfèkd 269 0-1876 376869517 94-1207

dqy ;ksx 143402 100-00 400411027 100-00

15- LV‚d ,Dlpsat esa 'ks;j ewY;] 'ks;jksa esa [kjhn&Qjks[r dh ek=k ¼fnukad 01-04-2015 ls 31-03-2016 rd½

ekg us'kuy LV‚d ,Dlpsat v‚Q bafM;k fy- ¼,u-,l-bZ½ c‚Ecs LV‚d ,Dlpsat fy- ¼ch-,l-bZ-½

mPpre ¼:-½ U;wure¼:-½ [kjhn&Qjks[r dh ek=k ¼la[;k½

mPpre ¼:-½

U;wure ¼:-½

[kjhn&Qjks[r dh ek=k ¼la[;k½

vçSy] 2015 56-20 45-20 3641592 56-20 45-50 942884

eÃ] 2015 50-85 45-05 2312886 50-60 45-05 522049

twu] 2015 47-80 40-40 1537714 47-20 40-60 374182

tqykÃ] 2015 46-80 39-60 1369798 44-60 40-00 402266

vxLr] 2015 47-30 35-05 3769308 47-20 36-20 924415

flrEcj] 2015 38-55 34-50 2108851 38-55 34-40 488916

vDVwcj] 2015 42-35 36-80 3104109 42-30 36-65 839094

uoEcj] 2015 40-50 36-10 3361300 40-50 36-00 783306

fnlEcj] 2015 41-20 36-65 1617647 41-00 36-90 431278

tuojh] 2016 39-75 33-75 1197636 39-85 33-85 289790

Qjojh] 2016 36-00 31-65 1862222 35-45 31-55 425529

ekpZ] 2016 35-80 31-70 1810415 35-75 32-45 766950

Punjab & Sind Bank


14. Distribution of Shareholding (Shares) – Category-wise as on 31st March 2016

Shareholding of Shares No. of Cases % of Cases Total Shares % of Total

1 – 250 127110 88.639 8256116 2.0619

251 – 500 8295 5.7844 3190616 0.7968

501 – 1000 4371 3.0481 3436400 0.8582

1001 – 2000 1958 1.3654 2859255 0.7141

2001 – 3000 590 0.4114 1502691 0.3753

3001 – 4000 276 0.1925 988673 0.2469

4001 – 5000 218 0.152 1030243 0.2573

5001 – 10000 315 0.2197 2277516 0.5688

10001 & Above 269 0.1876 376869517 94.1207

TOTAL 143402 100.00 400411027 100.00

15. Share Price, Volume of Shares Traded in Stock Exchanges (From 01.04.2015 to 31.03.2016)

Month National Stock Exchange of India Limited (NSE) Bombay Stock Exchange Ltd. (BSE)

Highest (Rs.) Lowest (Rs.) Volume Traded (Nos.)

Highest (Rs.) Lowest (Rs.) Volume Traded (Nos.)

APR 2015 56.20 45.20 3641592 56.20 45.50 942884

MAY 2015 50.85 45.05 2312886 50.60 45.05 522049

JUN 2015 47.80 40.40 1537714 47.20 40.60 374182

JUL 2015 46.80 39.60 1369798 44.60 40.00 402266

AUG 2015 47.30 35.05 3769308 47.20 36.20 924415

SEP 2015 38.55 34.50 2108851 38.55 34.40 488916

OCT 2015 42.35 36.80 3104109 42.30 36.65 839094

NOV 2015 40.50 36.10 3361300 40.50 36.00 783306

DEC 2015 41.20 36.65 1617647 41.00 36.90 431278

JAN 2016 39.75 33.75 1197636 39.85 33.85 289790

FEB 2016 36.00 31.65 1862222 35.45 31.55 425529

MAR 2016 35.80 31.70 1810415 35.75 32.45 766950

iatkc ,.M fla/ cSad


16- 31 ekpZ] 2016 dks 'ks;jèkkjdksa dk HkkSxksfyd –f"V ls ¼jkT;okj½ forj.k

Ø-Lka- jkT; ekeys 'ks;j ¼'ks;jä dh Lka[;k½ % 1- vaMeku ,oa fudksckj 12 633 0-00022- vkaèkz çns'k 5603 1578369 0-39423- v#.kkpy çns'k 114 20530 0-00514- vle 535 120170 0-03005- fcgkj 1467 329870 0-08246- paMhx<+ 814 217408 0-05437- NÙkhlx<+ 700 154527 0-03868- neu ,oa }hi 9 1135 0-00039- fnYyh 13648 323547047 80-803710- xksok 182 22895 0-005711- xqtjkr 27554 4396948 1-098112- gfj;k.kk 4757 847226 0-211613- fgekpy çns'k 279 56786 0-014214- tEew ,.M d'ehj 231 95991 0-024015- >kj[kaM 1289 232785 0-058116- dukZVd 6318 1440181 0-359717- dsjy 1447 472088 0-117918- eè;çns'k 3904 835634 0-208719- egkjk"Vª 28529 56036047 13-994620- ef.kiqj 8 1098 0-000321- es?kky; 23 3483 0-000922- fetksje 1 109 0-000023- ukxkySaM 20 10280 0-002624- mM+hlk 910 267785 0-066925- ikafMpsjh 68 11821 0-002926- iatkc 4714 1193549 0-298127- jktLFkku 12779 1686166 0-421128- flfôe 3 350 0-000129- rfeyukMq 7049 1699097 0-424330- f=iqjk 21 4635 0-001231- mÙkj çns'k 7800 1808334 0-451632- mÙkjk[k.M 681 138933 0-034733- if'pe caxky 10166 2270969 0-567134- ,-ih-vks-@vU; 1767 908148 0-2268

dqy ;ksx 143402 400411027 100-00

Punjab & Sind Bank


16. Geographical (State Wise) Distribution of Shareholders as on 31st March 2016

Sr. No. State Cases Shares % (No. of Shares)1. ANDAMAN & NICOBAR 12 633 0.00022. ANDHRA PRADESH 5603 1578369 0.39423. ARUNACHAL PRADESH 114 20530 0.00514. ASSAM 535 120170 0.03005. BIHAR 1467 329870 0.08246. CHANDIGARH 814 217408 0.05437. CHATTISGARH 700 154527 0.03868. DAMAN & DIU 9 1135 0.00039. DELHI 13648 323547047 80.8037

10. GOA 182 22895 0.005711. GUJARAT 27554 4396948 1.098112. HARAYANA 4757 847226 0.211613. HIMACHAL PRADESH 279 56786 0.014214. JAMMU & KASHMIR 231 95991 0.024015. JHARKHAND 1289 232785 0.058116. KARNATAKA 6318 1440181 0.359717. KERALA 1447 472088 0.117918. MADHYA PRADESH 3904 835634 0.208719. MAHARASHTRA 28529 56036047 13.994620. MANIPUR 8 1098 0.000321. MEGHALAYA 23 3483 0.000922. MIZORAM 1 109 0.000023. NAGALAND 20 10280 0.002624. ORISSA 910 267785 0.066925. PONDICHERRY 68 11821 0.002926. PUNJAB 4714 1193549 0.298127. RAJASTHAN 12779 1686166 0.421128. SIKKIM 3 350 0.000129. TAMIL NADU 7049 1699097 0.424330. TRIPURA 21 4635 0.001231. UTTAR PRADESH 7800 1808334 0.451632. UTTARAKHAND 681 138933 0.034733. WEST BENGAL 10166 2270969 0.567134. APO/ OTHERS 1767 908148 0.2268

Total 143402 400411027 100.00

iatkc ,.M fla/ cSad


d‚iksZjsV xous±l dh 'krks± ds vuqikyu ij ys[kk ijh{kdksa dk çek.k&i=iatkc ,.M fla/k cSad ds lnL;ksa gsrq

geus iatkc ,.M Çlèk cSad ds lwphc) djus lacaèkh djkj vkSj lsch ¼lwph;u nkf;Roksa rFkk çdVu vfuok;Zrkvksa½ vfèkfu;eksa] 2015 esa fofuÆn"V d‚iksZjsV xous±l dh 'krks± ds çlax esa cSad }kjk 31 ekpZ] 2016 dks lekIr o"kZ gsrq d‚iksZjsV xous±l lacaèkh vuqikyu fLFkfr dh tkap dh gSA

d‚iksZjsV xous±l lacaèkh 'krks± dk vuqikyu djuk çcaèku dk nkf;Ro gSA gekjh tkap] d‚iksZjsV xous±l lacaèkh ckè;rkvksa dk vuqikyu lqfuf'pr djus gsrq cSad }kjk viukÃ xÃ çfØ;kvksa vkSj dk;kZUo;u rd lhfer FkhA ;g u rks ys[kk ijh{kk gS vkSj u gh cSad dh foÙkh; foojf.k;ksa ds fo"k; esa gekjk vfHker gSA

ge viuh jk; rFkk loksZÙke tkudkjh rFkk gesa fn, x, Li"Vhdj.kksa ds vkèkkj ij çekf.kr djrs gSa fd cSad us mijksä lwphc) djkj vkSj lsch ¼lwph;u nkf;Roksa rFkk çdVu vfuok;Zrkvksa½ vfèkfu;eksa] 2015 esa fofuÆn"V d‚iksZjsV xous±l lacaèkh ckè;rkvksa dk vuqikyu fd;k gSA

gekjk ;g Hkh vfHkdFku gS fd mä vuqikyu dk vfHkçk; cSad dh Hkfo"; dh l{kerk ds çfr ;g dksÃ vkÜoklu ugha gS vkSj u gh ;g cSad ds dk;Zikydksa ds lapkyu esa çcaèku dh dq'kyrk ,oa çHkkoiw.kZrk ds fo"k; esa gSA

—rs frokjh ,.M ,lksf'k,Vl —rs f<+Yyks ,.M ,lksf'k,Vllunh ys[kkdkj lunh ys[kkdkj

¼nsosUnz ekxks½ ¼jkts'k eYgks=k½ikVZuj ikVZuj,e-ua- 085739 ,e-ua- 090661,Qvkj,u 002870,u ,Qvkj,u% 002783,u

—rs èkou ,.M da- —rs nfoUnj iky Çlg ,.M da-lunh ys[kkdkj lunh ys[kkdkj

¼banj thr èkou½ ¼gjcUl Çlg½ikVZuj ikVZuj,e-ua- 081679 ,e-ua- 099109,Qvkj,u 002864,u ,Qvkj,u% 007601,u

fnukad% 10 eÃ] 2016LFkku% uÃ fnYyh

Punjab & Sind Bank


Auditors’ Certificate on Compliance of Conditions of Corporate GovernanceTo: The Members of Punjab & Sind Bank

We have examined the compliance of conditions of Corporate Governance by Punjab & Sind Bank, for the year ended on 31st March 2016 in terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Listing Agreement.

The compliance of conditions of Corporate Governance is the responsibility of management. Our examination was limited to procedures and implementation thereof, adopted by the Bank for ensuring the compliance of the conditions of the Corporate Governance. It is neither an audit nor an expression of opinion on the financial statements of the Bank.

In our opinion and to the best of our information and according to the explanations given to us, we certify that the Bank has complied with the conditions of Corporate Governance as stipulated in SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Listing Agreement.

We state that such compliance is neither an assurance as to the future viability of the Bank nor the efficiency or effectiveness with which the management has conducted the affairs of the Bank.

For Tiwari & Associates For Dhillon & AssociatesChartered Accountants Chartered Accountants

(Devender Magoo) (Rajesh Malhotra)Partner PartnerM. No. 085739 M. No. 090661FRN : 002870N FRN : 002783N

For Dhawan & Co. For Davinder Pal Singh & Co.Chartered Accountants Chartered Accountants

(Inder Jeet Dhawan) (Harbans Singh)Partner PartnerM. No.081679 M. No. 099109FRN : 002864N FRN : 007601N Dated: 10 May, 2016 Place : New Delhi

iatkc ,.M fla/ cSad


funs'kd eaMy]iatkc ,.M ÇLk/k cSad]ubZ fnYyh

egksn;]fo"k;% o"kZ 2015&16 gsrq lsch ¼lwph;u nkf;Ro rFkk çdVu vfuok;Zrk,a½

vfèkfu;eksa] 2015 dh vuqlwph & V ds varxZr ?kks"k.kk;g ?kksf"kr fd;k tkrk gS fd 31 ekpZ] 2016 dks lekIr foÙkh; o"kZ ds fy, cSad ds funs'kd eaMy ds lnL;ksa rFkk ofj"B çcaèku dkÆedksa us LV‚d ,Dlpsat ds lkFk lwphc) djus lacaèkh djkj rFkk lsch ¼lwph;u nkf;Roksa rFkk çdVu vfuok;Zrkvksa½ vfèkfu;eksa] 2015 dh vuqlwph & V ds çlax esa fofuÆn"V vkpkj lafgrk dh rnuqlkj vuqikyuk dh iqf"V dj nh gSA mä vkpkj lafgrk dks cSad dh osclkbV ij Hkh miyC/k djk;k x;k gSA Ñrs iatkc ,.M ÇLk/k cSad

LFkku % ubZ fnYyh ¼tfrUnjchj Çlg½fnukad % 10 ebZ] 2016 v/;{k ,oa Áca/k funs'kd

lh-bZ-vks-@lh-,Q-vks- çek.khdj.kfuns'kd eaMy] iatkc ,.M ÇLk/k cSad] ubZ fnYyh

egksn;]fo"k;% o"kZ 2015&16 ds fy, lh-bZ-vks-@lh-,Q-vks- çek.khdj.klsch ¼LODR½] 2015 ds d‚iksZjsV xous±l dh vuqlwph & II ds vuqikyu çek.k&i= ds ikVZ&ch dh vuqikyuk esa] ge ,rn~ }kjk çekf.kr djrs gSa fd%d- geus o"kZ 2015&16 dh foÙkh; fooj.kh rFkk udnh çokg fooj.kh ¼lesfdr½ dh laoh{kk dh gS rFkk gekjh vfèkdre tkudkjh ,oa

foÜokl ds vuqlkj%1- bu foojf.k;ksa esa dksÃ fo"k;xr v;FkkFkZ vfHkdFku ughaa gS vFkok dksÃ fo"k;xr rF; fNik;k ugha x;k gS vFkok buesa dksÃ Hkzked

vfHkdFku 'kkfey ugha fd;k x;k gSA2- ;s [email protected] cSad ds dk;Zdykiksa dk lgh ,oa Li"V –f"Vdks.k çLrqr djrs gSa rFkk ;s fo|eku ys[kk ekudksa] ykxw fu;eksa

,oa fofu;eksa ds vuq:i gSaA[k- gekjh tkudkjh ,oa foÜokl ds vuqlkj] o"kZ ds nkSjku cSad }kjk ,sls dksÃ laO;ogkj ugha fd, x, tks èkks[kkèkM+h esa fyIr gkas] xSj dkuwuh

gksa vFkok cSad dh vkpkj lafgrk ds fo#) gksaAx- ge foÙkh; fjiksÉVx ls laca) vkarfjd fu;a=.kksa dk iw.kZ nkf;Ro Lohdkj djrs gSaA ge ;g Hkh Lohdkj djrs gSa fd geus foÙkh; fjiksÉVx

dh vkarfjd fu;a=.k ç.kkyh dh çHkko'khyrk dk ewY;kadu@vkdyu fd;k gS rFkk geus ys[kk ijh{kdksa vkSj ys[kk lfefr dks vkarfjd fu;a=.kksa ds ifjpkyu ,oa Lo:i ls laca) dfe;ksa] ;fn dksÃ gS vFkok tks gekjs vfHkKku esa gS] dks nwj djus ds tks mik; fd, gSa ;k çLrkfor gSa] dh tkudkjh ns nh gSA

?k- geus ys[kk ijh{kdksa rFkk ys[kk ijh{kk lfefr dks fuEufyf[kr ls voxr djk;k gS%1½ o"kZ ds nkSjku foÙkh; fjiksÉVx ds lanHkZ esa vkarfjd fu;a=.k O;oLFkk esa egRoiw.kZ ifjorZu(2½ o"kZ ds nkSjku ys[kk uhfr;ksa esa egRoiw.kZ ifjorZu rFkk budk mYys[k foÙkh; fof'kf"V;ksa ds [email protected];ksa esa dj fn;k x;k gS vkSj3½ gekjh tkudkjh esa vk, èkks[kkèkM+h lacaèkh fof'k"V ekeys rFkk muesa çcaèku vFkok fdlh deZpkjh dh lafyIrrk] ftldh foÙkh;

fjiksÉVx esa vkarfjd fu;a=.k ç.kkyh esa vge Hkwfedk gksA

Ñrs iatkc ,.M ÇLk/k cSad Ñrs iatkc ,.M ÇLk/k cSad

¼th-,l- <Èxjk½ ¼tfrUnjchj Çlg½eq[; foÙk vfèkdkjh vè;{k ,oa çcaèk funs'kd¼egkçcaèkd&ys[kk½

LFkku% uÃ fnYyhfnukad% 10 eÃ] 2016

Punjab & Sind Bank


The Board of Directors Punjab & Sind BankNew Delhi

Dear Sirs,Re: Declaration for 2015-16 as per Schedule-V of SEBI

(Listing Obligations and Disclosure Requirements) Regulations, 2015It is to declare that all the Board Members and Senior Management Personnel of the Bank have affirmed their compliance of the Code of Conduct for the Financial Year ended on 31st March, 2016 in accordance with Listing Agreement entered into with the stock exchanges and Schedule-V of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The said Code of Conduct has been hosted on the Bank’s website www.psbindia.com.

For Punjab & Sind Bank Place : New Delhi (Jatinderbir Singh) Dated : 10 May, 2016 Chairman & Managing Director

CEO/CFO CertificationThe Board of DirectorsPunjab & Sind BankNew Delhi

Dear Sirs,

REG: CEO /CFO Certification for the year 2015-16 Pursuant to Schedule-II Corporate Governance Part-B of Compliance Certificate of SEBI (LODR) 2015, we hereby certify that:A. We have reviewed financial statements and the cash flow statement for the year and that to the best of our knowledge and belief:

1) These statements do not contain any materially untrue statement or omit any material fact or contain statements that might be misleading;

2) These statements together present a true and fair view of the Bank’s affairs and are in compliance with existing accounting standards, applicable laws and regulations.

B. There are, to the best of our knowledge and belief, no transactions entered into by the Bank during the year which are fraudulent, illegal or in violation of code of conduct of the Bank.

C. We accept responsibility for establishing and maintaining internal controls for financial reporting and that we have evaluated the effectiveness of internal control systems of the Bank pertaining to financial reporting and we have disclosed to the auditors and the audit committee, deficiencies in the design or operation of such internal controls, if any, of which we are aware and the steps we have taken or propose to take to rectify these deficiencies.

D. We have indicated to the auditors and the Audit Committee.1) Significant changes in internal control over financial reporting during the year;2) Significant changes in accounting policies during the year and that the same have been disclosed in the notes to the

financial statements; and3) Instances of significant fraud of which we have become aware and the involvement therein, if any, of the management or

an employee having a significant role in the Bank’s internal control system over financial reporting.

For Punjab & Sind Bank For Punjab & Sind Bank

(G.S.Dhingra) (Jatinderbir Singh) Chief Financial Officer Chairman & Managing Director(General Manager-Accounts)

Place : New Delhi Dated : 10 May, 2016

iatkc ,.M fla/ cSad


cklsy II ds fy, çdVhdj.k 31 ekpZ] 2016 dks lekIr o"kZrfydk Mh ,Q&1 vuqç;ksx dk fo"k; {ks=

xq.kkRed çdVhdj.kd½ bl oxZ ds loksZÙke cSad dk uke ftl ij :ijs[kk ykxw gksrh gSA

cSad ,sls fdlh oxZ esa ugha vkrk gSA

[k½ fu;ked mís';ksa ds vkèkkj ij rFkk ys[kksa ds lesdu esa fHkUurkvksa dk lkjka'k oxZ ds varxZr vkus okyh çfof"V;ksa dk laf{kIr C;kSjk ¼i½ ftudk iw.kZ #i ls lesdu fd;k x;k gS] ¼ii½ ftudk lekuqikfrd vkèkkj ij lesdu fd;k x;k gS] ¼iii½ ftUgsa NwV nh xÃ gS] rFkk ¼iv½ ftUgsa u rks lesfdr fd;k x;k gS vkSj u gh NwV nh xÃ gSA ¼tSls dksÃ tksf[ke Hkkfjr fuos'k½

ykxw ugÈ

ek=kRed çdVhdj.kd½ lHkh lgk;d daifu;ksa dh iwath esa dfe;ksa dh dqy jkf'k ftls lesdu esa lfEefyr ugÈ fd;k x;k vFkkZR

ftUgsa ?kVk;k x;k gS rFkk ftuds uke ,slh lgk;d daifu;ksa ls gVk, x, gSaA

ykxw ugÈ

[k½ cSad dh dqy jkf'k ¼vFkkZr~ pkyw cgh ewY;½ tks chek daifu;ksa esa yxh gS] muesa ls tks tksf[ke Hkkfjr gS] muds uke] muds fuxeu dk laLFkku ;k vkokl] LokfeRo dk va'k rFkk ;fn fHkUu gS rks bu laLFkkuksa esa muds erkfèkdkj 'kfä dk va'kA blds vfrfjä fu;ked iwath cuke NwV ds rjhds ds ç;ksx ls gksus okys ek=kRed çHkko Hkh lwfpr djsaA

ykxw ugÈ

rkfydk Mh ,Q 2 & iwath lajpukxq.kkRed çdVhdj.k

yksvj Vh;j II iwath gsrq fu;e ,oa 'krs±%

cSad us yksvj Vh;j II ds ekè;e ls xkS.k _.kksa ds #i esa opu&i= ds dwiu tkjh fd, gSa] ftudk Hkqxrku okÆ"kd@vèkZokÆ"kd vkèkkj ij fd;k tkuk gSA bu c‚.Ml dks nslh nj&fuèkkZj.k ,tsafl;ksa ls fofèkoR Js.kh fuèkkZfjr djokus ds ckn tkjh fd;k x;k gSA lHkh cdk;k c‚.Ml jk"Vªh; LV‚d ,Dlpsat] eqEcÃ esa lwphc) gSaA bu c‚.M dh vU; egRoiw.kZ ckrsa gSa%

» c‚.Ml dh vofèk buds tkjh djus dh frfFk ls 117 ekg ls 127 ekg ds chp gksrh gSA

» ;s çi= iw.kZr% pqdrk] çfrHkwfr jfgr rFkk vU; ysunkjksa ds nkoksa ls xkS.k gSa] çfrcaèkh [k.M ls eqä gSa vkSj èkkjd ds dgus ij ;k Hkkjrh; fjt+oZ cSad dh lgefr ds fcuk Hkquk, ugÈ tk ldrs gSaA

» ;s çi= viuh vofèk ds vafre i‚ap o"kks± ds nkSjku 20% çfro"kZ dh nj ls Øfed Hkqxrku ds vèkhu gSaA bl çdkj fd, x, Hkqxrku dh jkf'k dks iWwath i;kZIrrk mís';ksa gsrq Vh;j II iwath esa 'kkfey ugÈ fd;k x;k gSA

bu çi=ksa ds fuos'kdksa ds nkoksa dks Vh;j I iwath esa 'kkfey djus ds fy, ik= çi=ksa ds fuos'kdksa ds nkoksa ls ojh;rk çnku dh xÃ gS rFkk vU; ysunkjksa ds nkoksa ls xkS.k ekuk x;k gSA

xkS.k _.k çi=] cSad dh Vh;j I iwath ds 50% rd lhfer gksaxs rFkk bu çi=ksa ds lkFk Vh;j II iwath ds vU; laxBd Vh;j I iwath ds 100% ls vfèkd ugÈ gksaxsA

cSad us ,slh dksÃ Hkh vij Vh;j II iwath rFkk uoksUes"k çi= tkjh ugÈ fd, gSa] tksfd Vh;j I iwath esa lekos'k ds ;ksX; gSaA

:- djksM+

d½ fV;j 1 iwath dh jkf'k] fuEu dk vyx ls çdVhdj.k jkf'k& çnr va'k iwath( 400-41& vkjf{kfr;‚a( 4663-99& UoksUes"kh çi= ( 0-00& vU; iwath çi= ( 0-00& mi ;ksx 5064-40& ?kVk,a%Vh;j I iwath ls de dh xÃ jkf'k;‚a ftlesa lk[k vkSj [;kfr 'kkfey gSa 0-33 dqy Vh;j I iwath 5064-07

Punjab & Sind Bank


BASEL II DISCLOSURES – YEAR ENDED 31ST MARCH 2016Table DF 1 – SCOPE OF APPLICATION

Qualitative Disclosures(a) The name of the top bank in the group to which the Framework applies.

The Bank does not belong to any group

(b) An outline of differences in the basis of consolidation for accounting and regulatory purposes, with a brief description of the entities within the group (i) that are fully consolidated; (ii) that are pro-rata consolidated; (iii) that are given a deduction treatment; and (iv) that are neither consolidated nor deducted (e.g. where the investment is risk-weighted).

Not Applicable

Quantitative Disclosures(c) The aggregate amount of capital deficiencies in all subsidiaries not included in the consolidation i.e.

that are deducted and the name(s) of such subsidiaries.Not Applicable

(d) The aggregate amounts (e.g. current book value) of the bank’s total interests in insurance entities, which are risk-weighted as well as their name, their country of incorporation or residence, the proportion of ownership interest and, if different, the proportion of voting power in these entities. In addition, indicate the quantitative impact on regulatory capital of using this method versus using the deduction.

Not Applicable

Table DF 2 – CAPITAL STRUCTURE

Qualitative disclosures

TERMS & CONDITIONS OF LOWER TIER II CAPITAL:

The Bank has issued Lower Tier II Bonds by way of Subordinated Debts in the form of Promissory Notes at Coupon payable annually / semi-annually. These bonds have been issued after getting them duly rated by the Domestic Rating Agencies. All the outstanding Bonds are listed at the National Stock Exchange Ltd. Mumbai. The other important features of these bonds are :• The bonds have a tenor ranging from 117 months to 127 months from date of the issue.

• The instruments are fully paid up, unsecured and subordinated to the claims of other creditors, free of restrictive clauses and not redeemable at the initiative of the holder or without the consent of the RBI.

• The instruments are subjected to progressive discounting @ 20% per year over the last five years of their tenor. Such discounted amounts are not included in Tier – II Capital for Capital Adequacy purposes.

The claims of the investors in these instruments shall rank superior to the claims of investors in instruments eligible for inclusion in Tier I Capital and subordinate to the claims of all other creditors.

Subordinated debt instruments shall be limited to 50% of Tier I capital of the Bank and these instruments, together with other components of Tier II Capital shall not exceed 100% of Tier I Capital.

The Bank has not issued any upper Tier II capital and innovative instruments that qualify for inclusion in Tier I capital during the year ended 31.03.2016.

Amt. - Rs/ Crores(a) The amount of Tier 1 capital, with separate disclosure of Amount

- Paid-up share capital; 400.41- Reserves; 4663.99- Innovative instruments; 0.00- Other capital instruments; 0.00- SUB-TOTAL 5064.40- LESS: amounts deducted from Tier 1 capital, including goodwill & investments. 0.33

TOTAL TIER I CAPITAL 5064.07

iatkc ,.M fla/ cSad


[k½ Vh;j II iwath dh dqy jkf'k ¼Vh;j II iwath ls ?kVkus ds ckn cph dqy jkf'k;‚a½ 1720-57x½ mPp Vh;j II iwath esa lfEefyr gksus ;ksX; _.k iwath çi= 'kwU;

& dqy cdk;k jkf'k ykxw ugÈ& blesa ls pkyw o"kZ esa mxkgh xÃ jkf'k ykxw ugÈ& iwathxr fufèk;ksa ds :i esa ekus tkus gsrq ik= jkf'k ykxw ugÈ

?k½ U;wu Vh;j II iwath esa lfEefyr gksus ;ksX; xkS.k _.k

& dqy cdk;k jkf'k 1325-00

& blesa ls pkyw o"kZ esa mxkgh xÃ jkf'k 'kwU;

& iwathxr fufèk;ksa ds :i esa ekus tkus gsrq ik= jkf'k 845-00

M½ iwath ls vU; dVkSfr;k] ;fn dksÃ gSa rks 'kwU;

p½ dqy ik= iwath 6784-64

rkfydk Mh ,Q 3 & iwath i;kZIrrk

xq.kkRed çdVhdj.k

cSad us tksf[ke çcaèku vuqcaèk dk dk;kZUo;u djrs le; mPp&dksfV dh oS'fod dk;Z&ç.kkyh dks viukus dh çfØ;k igys ls gh vkjEHk dj nh gS tksfd cklsy II dh :ijs[kk ds vuq:i gSA

cklsy II ls lacafèkr fofHkUu ekeyksa ij è;ku nsus ds fy, O;kid tksf[ke çcaèku dk xBu fd;k x;k gSA tksf[ke Hkkfjr vkfLr;ksa] ckt+kj tksf[ke rFkk ifjpkyu tksf[ke esa çR;kf'kr o`f) ds eísut+j cSad dh iwathxr vko';drkvksa dks vk¡dus ds fy, frekgh vkèkkj ij leh{kk dh tkrh gSA

cSad fgrèkkjdksa] [kkldj tekdrkZvksa ds fgrksa dh lqj{kk gsrq ,Dlikst+j] dkjksckj vkfn ds ewY; esa gkfu ds tks[k+e ds fy, iwath dks xqatkb'k ds :i esa j[krk gSA

orZeku ,oa Hkkoh dkjksckj dk;Zdykiksa ds vkèkkj ij iwath vko';drkvksa dks fuèkkZfjr djus ds fy, cSad esa mfpr ç.kkyh dk;Zjr gS rFkk fujarj mldh fuxjkuh dh tkrh gSA cSad dk ekuuk gS fd iw¡th miyCèkrk laiw.kZ çfØ;k dk dsaæh; fo"k; gS vkSj bldh x.kuk dks uhfr] j.kuhfr] dkjksckj Lrj@la?kVu] i;Zos{kh ljksdkj ,oa çdVu eqíksa ls tksM+k tk ldrk gSA bl fn'kk esa cSad us vkarfjd iwath i;kZIrrk ewY;kadu çfØ;k ¼vkÃ&lh,,ih½ dk ,d vPNk <kapk rS;kj fd;k gS rFkk LrEHk 1 iwath x.kuk ds vykok cklsy II ds LrEHk 2 ds varxZr Hkh vkofèkd varjky ij iwath x.kuk dh tkrh gSA cSad us iwath i;kZIrrk ij çfrdwy ncko ifj–';ksa ds çHkko dks vkofèkd vkèkkj ij ekius ds fy, ncko tkap uhfr cuk;h gSA

Hkkjrh; fjt+oZ cSad ds fn'kk&funsZ'kksa ds vuq:i] cSad us u, iwath i;kZIrrk <kapk & cklsy II dks ykxw djus ds fy, fuEufyf[kr voèkkj.kkvksa dks viuk;k gS %&

» _.k tksf[ke ds fy, ekudh—r voèkkj.kk » ifjpkyukRed tksf[ke ds fy, ewy lwpd voèkkj.kk » ckt+kj tksf[ke ds fy, ekud vofèk voèkkj.kk

;|fi cSad us orZeku esa mijksDr voèkkj.kkvksa dks viuk;k gS ij buds vkxs dh voèkkj.kkvksa dh rjQ vxzlj gksus dh rS;kjh Hkh 'kq: dj nh gSA ek=kRed çdVhdj.k

_.k tksf[ke gsrq iwathxr vko';drk,a

jkf'k&:i,@djksM+ » 9% dh nj ls ekudh—r –f"Vdks.k ds v/khu iksVZQksfy;ks 4592-28 » çfr�wfrdj.k ,Dlikst+j 'kwU;

ckt+kj tksf[k+e gsrq iwathxr vko';drk,a % ekudh—r vof/k –f"Vdks.k

lkekU; ckt+kj tksf[k+e ij iwath ç�kj jkf'k&:i,@djksM+ » C;kt&nj tksf[k+e 182-04 » fons'kh fofue; tksf[k+e ¼Lo.kZ lfgr½ 1-35 » bfDoVh tksf[k+e 12-82

Punjab & Sind Bank


(b) The total amount of Tier 2 capital (net of deductions from Tier 2 capital) 1720.57(c) Debt capital instruments eligible for inclusion in Upper Tier 2 capital. NIL

- Total amount outstanding. NA

- Of which amount raised during the current year NA- Amount eligible to be reckoned as capital funds NA

(d) Subordinated debt eligible for inclusion in Lower Tier 2 capital

- Total amount outstanding 1325.00- Of which amount raised during the current year. NIL- Amount eligible to be reckoned as capital funds 845.00

(e) Other deductions from capital, if any. NIL

(g) Total eligible capital. 6784.64 Table DF 3 - CAPITAL ADEQUACY

Qualitative disclosuresBank is already geared up to adopt global best practices while implementing risk management stipulations that are in conformity with the Basel II framework.Comprehensive risk management architecture is in place to address various issues concerning Basel II. A quarterly review is carried out to assess the capital need of the Bank, keeping in view the anticipated growth in Risk Weighted Assets, Market Risk and Operational Risk.Bank maintains capital as a cushion towards the risk of loss in value of exposure, businesses, etc., to protect the interest of stake holders, more particularly, depositors.Bank has system in place for assessing the capital requirements based on current and future business activities and monitoring the same on an ongoing basis. The bank considers that capital availability is the central theme in the whole process and its computation is relatable to policy, strategy, business level/composition, and Supervisory concern and Disclosure issues. Towards this, bank has evolved a well laid down Internal Capital Adequacy Assessment Process (I-CAAP) framework and carries out capital calculation under Pillar-2 also of Basel-II at periodical intervals besides Pillar 1 Capital calculation. The bank has formulated Stress Testing policy to measure impact of adverse stress scenarios on the adequacy of capital at periodical intervals.In line with RBI guidelines, the bank has adopted following approaches for implementation of New Capital Adequacy Framework – Basel II.

- Standardised Approach for credit risk- Basic Indicator Approach for operational risk- Standardised Duration Approach for market risk

Though the bank is presently implementing the above Approach, it has started its preparation for moving towards advance approaches.

Quantitative DisclosuresCapital requirements for credit risk:

Amt. - Rs/ Crores- Portfolios subject to standardised approach @ 9% 4592.28- Securitisation exposures Nil

Capital requirements for market risk: Standardised duration approach

Capital Charge on account of General Market Risk Amt. - Rs/ Crores- Interest rate risk 182.04- Foreign exchange risk (including gold) 1.35- Equity risk 12.82

iatkc ,.M fla/ cSad


ifjpkyu tksf[k+e gsrq iwathxr vko';drk,a %

jkf'k&:i,@djksM+ewy lwpd –f"Vdks.k 325-67

cSad gsrq dqy rFkk fV;j I iwath vuqikr%

cklsy II ds vuqlkj dqy iwath vkSj tksf[k+e Hkkfjr vkfLr vuqikr 11-75%cklsy II ds vuqlkj fV;j I iwath vkSj tksf[k+e Hkkfjr vkfLr vuqikr 8-77%

rkfydk Mh ,Q 4 _.k tksf[k+e % lkekU; çdVhdj.kxq.kkRed ÁdVhdj.k

d- fiNyk cdk;k ,oa vutZd [kkrä dh ifjÒk"kkcSad us xSj&fu"ikfnr vkfLr;ksa ¼,u-ih-,-½ ds oxÊdj.k ij Hkkjrh; fjt+oZ cSad }kjk tkjh ewy foosdiw.kZ fn'kk&funsZ'kksa dk fuEukuqlkj vuqikyu fd;k gS%

d½ tgka fe;knh _.k ds ekeys esa C;kt rFkk@vFkok ewyèku dh fd'r 90 fnu ls vfèkd vofèk ds fy, vfrns; jgrh gksA

[k½ ;fn cdk;k jkf'k] laLoh—r [email protected] 'kfä ls 90 fnu ls vfèkd le; rd fujarj vfèkd jgrh gSa rFkk@vFkok vfèkfod"kZ@udn _.k vks-Mh-@lh-lh- ds lacaèk esa rqyu&i= dh frfFk rd yxkrkj dksÃ jkf'k tek ugÈ gksrh gS vFkok tek dh x;h jkf'k mruh i;kZIr ugÈ gS fd bl vofèk ds nkSjku ukes fd, x, C;kt dks olwy fd;k tk lds rks [kkrk ^vfu;fer* gks tkrk gSA

x½ cSad }kjk [kjhns x, vkSj Hkquk, x, fcyksa ds ekeys esa tgka fcy 90 fnuksa ls vfèkd vofèk ds fy, vfrns; jgs gksaA

?k½ vYi vofèk dh Qlyksa ds fy, ewyèku dh fd'r vFkok ml ij C;kt ds fy, nks Qlyh ekSle rd vfrns; jgk gksA

M+½ nh?kZ vofèk dh Qlyksa ds fy, ewyèku dh fd'r vFkok ml ij C;kt ds fy, ,d Qlyh ekSle rd vfrns; jgk gksA

p½ çfrHkwfrdj.k ds fnukad 7 eÃ 2012 ds fn'kk&funsZ'kksa dh 'kÙkks± ds vuqlkj çfrHkwfrdj.k ysu&nsu ds lacaèk esa ;fn udnh lqfoèkk dh jkf'k 90 fnuksa ls vfèkd cdk;k jgrh gSA

N½ O;qRiUu lkSnksa ds ekeys esa] vfrns; çkfIr;ka tksfd O;qRiUu lafonk ds ldkjkRed cktkj vafdr ewY; dks çnÆ'kr djrh gSa] ;fn pqdkSrh dh fofuÆn"V ns; frfFk ls 90 fnuksa rd cdk;k jgrh gSaA

;gka ^ vfu;fer * ls vfHkçk;% ,d [kkrs dks ^vfu;fer* ekuk tkuk pkfg, ;fn cdk;k jkf'k] laLoh—r [email protected] 'kfä ls fujarj vfèkd jgrh gSA mu ekeyksa esa tgk¡ eq[; ifjpkyu [kkrs esa cdk;k 'ks"k laLoh—r [email protected] 'kfä ls de jgrk gS ysfdu mlesa rqyu i= dh frfFk ds 90 fnuksa rd dksÃ tek,a ugh dh tkrh gSa ;k bl vofèk esa tek dh xÃ jkf'k ukes fd, x, C;kt dks olwy djus ds fy, de gSa rks bu [kkrksa dks ^vfu;fer*ekuk tk,xkA

;gka vfrns;* ls vfHkçk; fdlh Hkh _.k lqfoèkk ds vèkhu dksÃ Hkh ns; jkf'k ls gS] ftldk cSad }kjk fuèkkZfjr ns; frfFk ij] Hkqxrku ugÈ gksrk gSA

mä ds vfrfjä] ,d [kkrs dks fuEu 'krks± ds vuqlkj Hkh vutZd ¼,u-ih-,-½ oxÊ—r fd;k tk ldrk gS%&

vLFkk;h vfu;ferrkvksa @ dfe;ksa okys [kkrs ¼ lanHkZ vkjchvkbZ ,elh Çcnq 4-2-4½

tgka dgÈ fdlh frekgh ds nkSjku yxk;k x;k C;kt ml frekgh lekfIr ds 90 fnuksa ds Hkhrj iw.kZ :i ls vnk ugÈ gks tkrk vkSj mlls cSad ds fy, vÆtr gksus okyh vk; #d tk, rks ,sls [kkrs dks xSj&fu"ikfnr vkfLr ds :i esa oxÊ—r fd;k tk,xkA

,d vkfLr dk xSj&fu"ikfnr vkfLr ds :i esa oxÊdj.k olwyh ds fjdkMZ ij vkèkkfjr gksuk pkfg,A cSad dks ,d vfxze [kkrs dk oxÊdj.k dsoy dqN folaxfr;ksa ds gksus ij ugh djuk pkfg, tksfd Lo:i esa vLFkk;h gksrh gSa tSls vafre miyCèk LV‚d fooj.kh ds vkèkkj ij i;kZIr vkgj.k 'kfä dk miyCèk ugh gksuk] vLFkk;h :i ls fyfeV ls vfèkd cdk;k cSysal gksuk] LV‚d fooj.kh dks çLrqr ugh djuk rFkk ns; frfFk ij fyfeV dk xSj&uohuhdj.k vkfnA [kkrksa dh ,slh folaxfr;ksa ds lkFk oxÊdj.k ds ekeys esa] cSad fuEu fn'kk&funsZ'kksa dk vuqikyu dj ldrs gSa%

i) cSadksa dks lqfuf'pr djuk pkfg, fd dk;Z'khy iwath [kkrksa esa vkgj.k dks pkyw vkfLr;ksa dh i;kZIrrk ls doj fd;k tk, tSlk fd vkink ds le; pkyw vkfLr;ksa dks igys lek;ksftr fd;k tkrk gSA orZeku LV‚d fooj.kh ij vkgj.k 'kfä dk fuèkkZj.k djuk pkfg,A rFkkfi] cM+s _f.k;ksa dh dfBukÃ;ksa ij fopkj djrs gq,] vkgj+.k 'kfä dk fuèkkZj.k djrs le;] LV‚d foojf.k;ka rhu eghus ls vfèkd iqjkuh ugh gksuh pkfg,A rhu eghus ls vfèkd iqjkuh LV‚d fooj.kh ij fuèkkZfjr vkgj.k 'kfä ij vkèkkfjr cdk;k jkf'k ds fuèkkZj.k dks vfu;fer ekuk tk;xkA

,d dk;Z'khy iwath [kkrk xSj&fu"iknd gks tk;xk ;fn [kkrs esa yxkrkj 90 fnuksa dh vofèk ds fy, ,slh vfu;fer vkgj.k 'kfä dh Loh—fr nh tkrh gS pkgs bdkÃ dk;Z dj jgh gks vFkok _.kh dh foÙkh; fLFkfr larks"ktud gksA

Punjab & Sind Bank


Capital requirements for operational risk:

Amt. - Rs/ CroresBasic indicator approach 325.67

Total and Tier 1 capital ratio for the Bank:

Total Capital to Risk Weighted Assets Ratio as per Basel II 11.75%Tier I Capital to Risk Weighted Assets Ratio as per Basel II 8.77%

Table DF 4 - CREDIT RISK : GENERAL DISCLOSURES

Qualitative Disclosures

A. DEFINITIONS OF PAST DUE AND IMPAIRED:

The Bank follows the basic prudential guidelines issued by the RBI on classification of Non-Performing Asset (NPA) as under :

a) Interest and / or installment of principal remain overdue for a period of more than 90 days in respect of a term loan.

b) The account remains ‘out of order’ if the outstanding balance remains continuously in excess of sanctioned limit / DP for more than 90 days and / or there are no credits continuously for 90 days as on the date of Balance Sheet or credits are not enough to cover the interest debited during the same period, in respect of Overdraft/Cash Credit (OD/CC).

c) The bill remains overdue for a period of more than 90 days in the case of bills purchased and discounted.

d) The installment of principal or interest thereon remains overdue for two crop seasons for short duration crops.

e) The installment of principal or interest thereon remains overdue for one crop season for long duration crops.

f) The amount of liquidity facility remains outstanding for more than 90 days, in respect of a securitization transaction undertaken in terms of guidelines on securitization dated May 7, 2012.

g) In respect of derivative transactions, the overdue receivables representing positive mark-to-market value of a derivative contract, if these remains unpaid for a period of 90 days from the specified due date for repayment.

Out of Order means : An account should be treated as 'out of order' if the outstanding balance remains continuously in excess of the sanctioned limit/drawing power. In cases where the outstanding balance in the principal operating account is less than the sanctioned limit/drawing power, but there are no credits continuously for 90 days as on the date of Balance Sheet or credits are not enough to cover the interest debited during the same period, these accounts should be treated as 'out of order'.

Here, Òverdue’ mean any amount due to the Bank under any credit facility, if it is not paid on the due date fixed by the Bank.

In addition to above, an account may also be classified as NPA in terms of the following:

Account with temporary deficiencies/irregularities (Refer RBI MC point 4.2.4)

Where the interest charged during any quarter is not serviced fully within 90 days from the end of the quarter, the account is classified as Non-performing asset and ceases to generate income for the bank.

The classification of an asset as NPA should be based on the record of recovery. Bank should not classify an advance account as NPA merely due to the existence of some deficiencies which are temporary in nature such as non-availability of adequate drawing power based on the latest available stock statement, balance outstanding exceeding the limit temporarily, non-submission of stock statements and non-renewal of the limits on the due date, etc. In the matter of classification of accounts with such deficiencies banks may follow the following guidelines:

i) Banks should ensure that drawings in the working capital accounts are covered by the adequacy of current assets, since current assets are first appropriated in times of distress. Drawing power is required to be arrived at based on the stock statement which is current. However, considering the difficulties of large borrowers, stock statements relied upon by the banks for determining drawing power should not be older than three months. The outstanding in the account based on drawing power calculated from stock statements older than three months, would be deemed as irregular.

A working capital borrowal account will become NPA if such irregular drawings are permitted in the account for a continuous period of 90 days even though the unit may be working or the borrower's financial position is satisfactory.

iatkc ,.M fla/ cSad


ii) fu;fer rFkk ,deq'r _.k lhekvksa dks ns; frfFk@,deq'r laLoh—fr dh frfFk ls rhu eghus igys iqulZeh{kk@fu;fer fd;k tkuk vko';d gSA O;oèkkuksa ds ekeys esa tSls _f.k;ksa ls foÙkh; fooj.kh;ksa dh vkSj vU; vkadM+ksa dh vuqiyCèkrk ij 'kk[kk dks lk{; çLrqr djuk gksxk fd _.k fyfeVksa dk uohuhdj.k@leh{kk igys ls gh py jgh gS vkSj mldks tYn gh iw.kZ dj fy;k tk;xkA fdlh Hkh ekeys esa] lkekU; vuq'kklu ds rkSj ij] N% eghus ls vfèkd dk foyac visf{kr ugh gSA vr%] ,d [kkrs esa tgk¡ fu;fer@,deq'r fyfeVksa dks ns; frfFk@,deq'r laLoh—fr dh frfFk ls 180 fnuksa ds vanj iqulZeh{[email protected] ugh fd;k x;k gS] dks xSj&fu"iknd vkfLr ekuk tk;xkA

mä ds vfrfjä] cSad vkfLr;ksa ds oxÊdj.k ds lacaèk esa Hkkjrh; fjt+oZ cSad }kjk tkjh fuEu fn'kk&funsZ'kksa dk Hkh ikyu dj jgk gSA ¼d½ iqulZjafpr [kkrs ¼[k½ dkykrhr vofèk dh dk;kZUo;u ds varxZr ifj;kstuk ¼x½ iksr ynkuksÙkj vkiwÆrdrkZ _.k ¼?k½ fu;kZr ifj;kstuk foÙk ¼³½ vfèkxzg.k foÙk ¼p½ ljdkjh xkjaVh—r vfxze ¼N½ ch-vkÃ-,Q-vkj-@Vh-,y-vkÃ- }kjk vuqeksfnr iquokZl ds varxZr vfxze ¼>½ _.k ekQh ,oa _.k jkgr ;kstuk 2009 ds vèkhu fy;k x;k _.k ¼V½ foÙkh; vkfLr;ksa dks çfrHkwfrdj.k daiuh@iquÆuekZ.k daiuh dks cspuk ¼B½ xSj&fu"ikfnr foÙkh; vkfLr;ksa dk Ø;&foØ; ¼<½ [kkrksa dk mUu;u ¼.k½ rqyu&i= dh frfFk ds lehi fu;fer fd, x, [kkrs] vkfnA

[k- _.k tksf[k+e çca/ku rFkk mís'; %

_.k tksf[ke çcaèku foHkkx dk eq[; mís'; cSad ds _.k tksf[k+e dkjksckj dh çHkkoh igpku] ewY;kadu] ifjekiu rFkk çcaèku ds fy,] cSad dh tksf[k+e {kerk ds lacaèk esa visf{kr lhek rd bls fu;af=r djuk rFkk miyCèk iwath ds vuq:i ykuk gSA bl çfØ;k dks djrs gq, cSad ds _.k tksf[k+e n'kZu dk y{; tksf[k+e esa deh ykuk rFkk mls ml Lrj ds Hkhrj cuk, j[kuk gS tksfd fgr èkkjdksa dks bfDoVh lfgr cSad ds foÙkh; lalkèkuksa dh lqj{kk lqfuf'pr djus ds lkFk&lkFk cSad dk lrR ,oa lq–<+ fodkl Hkh lqfuf'pr djrk gSA

_.k tksf[k+e cSad dh ;kstukxr uhfr & _.k tksf[k+e %

cSad dh foLr`r ,oa lqifjHkkf"kr _.k uhfr gS] ftlesa uhfrxr vk;kstuk ds fofHkUu vk;ke 'kkfey gSaA _.k dkjksckj rFkk lkekU; vkÆFkd ,oa cktkj ifj–'; ds vuq:i vfxze fuos'k lwph esa ifjorZuksa dh vis{kkvksa ij fuHkZj djrs gq, cSad le;-le; ij _.k-uhfr dh iqujh{kk djrk gSA cSad dh _.k-uhfr o"kZ esa de ls de ,d ckj funs'kd e.My }kjk O;kid leh{kk ds Hkh vè;kèkhu gSA cSad dh _.k uhfr esa vU; ckrksa ds lkFk fuEufyf[kr ?kVdksa dk Hkh è;ku j[kk tkrk gS%-

Û fofHkUu m|ksx ?kVdksa rFkk _.kdrkZ Jsf.k;ksa esa rdZlaxr lhek dk fuèkkZj.k ,oa fu;a=.kAÛ _.k jsÇVx rFkk@vFkok fjVsy ?kVdksa ls laca) tksf[k+e :ijs[kk ij vkèkkfjr ewY;kaduAÛ _.kksa ds ewY;kadu] Loh—fr rFkk fuxjkuh ,oa _.k ds laforj.k dh çfofèk;ksa ds fy, çfØ;k ,oa ç.kkyh ls lacafèkr ekxZn'kÊ funsZ'kAÛ _.k jsÇVx ÝseodZA Û fujh{k.k ra= rFkk fofu;ked ,oa uhfrxr ekxZn'kÊ funsZ'kksa dk vuqikyuA

_.k&tksf[k+e çca/ku laxBukRed <‚apk %

Û _.k tksf[k+e çcaèku dk;ks± ds fy, cSad ds laxBukRed <+kaps ds 'kh"kZLFk Lrj ij funs'kd&e.My gS] tks tksf[k+e çcaèku dkjksckj ij iwjh fuxjkuh j[krk gSA

Û tksf[k+e çcaèku lfefr ¼vkj-,e-lh-½ tks fd vè;{k ,oa çcaèk funs'kd dh vè;{krk esa e.My dh ,d mi lfefr gS] _.k tksf[k+e lfgr lefUor tksf[k+e çcaèku ds fy, uhfr ,oa j.kuhfr rS;kj djrh gSA

Û ifjpkyu Lrj ij] _.k tksf[k+e çcaèku lfefr ¼lh-vkj-,e-lh-½ _.k tksf[k+e dk çcaèku djrh gSA blds eq[; dk;ks± esa funs'kd e.My }kjk vuqeksfnr _.k tksf[k+e çcaèku uhfr;ksa dk cSad O;kih vkèkkj ij dk;kZUo;u rFkk funs'kd&e.My dks _.k tksf[k+e çcaèku lacafèkr] _.k tksf[k+e dh foosdiw.kZ lhek,a] iksVZQksfy;ksa çcaèku] _.k-mRiknksa vkfn ls lacafèkr lHkh uhfr;ksa ds vuqeksnu gsrq laLrqfr 'kkfey gSA cSad esa _.k vuqeksnu dh çfØ;k dk <k¡pk cuk gqvk gS vkSj ;g ekudh—r gS] ftlesa _.k vkdyu dh O;kid çfØ;k 'kkfey gSA fdlh Hkh foÙk iks"k.k çLrko ds lkFk tqM+s _.k tksf[k+e ds vkdyu djus gsrq cSad _.kh rFkk çklafxd m|ksxksa ds fofoèk _.k tksf[k+eksa dk vkdyu djrk gSA

Û egkçcaèkd dh vè;{krk esa tksf[k+e çcaèku foHkkx ¼vkj-,e-Mh-½ funs'kd e.My }kjk fuèkkZfjr lhekvksa ds Hkhrj cSad O;kih vkèkkj ij _.k tksf[k+e dk ifjekiu] fu;a=.k ,oa çcaèku djrk gS vkSj funs'kd e.My@tksf[k+e çcaèku lfefr@_.k tksf[k+e çcaèku lfefr }kjk fuèkkZfjr tksf[k+e ekin.Mksa ds vuqikyu dks ykxw djrk gSA bl nkf;Ro ds fuokZgu esa tksf[k+e çcaèku foHkkx ds fofHkUu d{k ;Fkk _.k tksf[k+e çcaèku d{k] cktkj tksf[k+e çcaèku d{ken ¼,-,y-,e- ,oe~ feM v‚fQl½] rFkk lapkyuxr tksf[k+e çcaèku d{k bldh enn djrs gSaA

Û egkçcaèkd ds fu;a=.kkèkhu fujh{k.k foHkkx ds lkFk-lkFk _.k fuxjkuh foHkkx] _.kksa dh xq.koÙkk ij fuxjkuh] leL;kvksa dh igpku djuk rFkk dkfe;ksa dks nwj djus dk mik; djrk gSA _.kksa dk iqujh{k.k@_.kksa dh ys[kk ijh{kk dk dk;Z _.k ys[kk ijh{kk ds :i esa vyx ls fd;k tkrk gSA

Punjab & Sind Bank


ii) Regular and ad hoc credit limits need to be reviewed/ regularised not later than three months from the due date/date of ad hoc sanction. In case of constraints such as non-availability of financial statements and other data from the borrowers, the branch should furnish evidence to show that renewal/ review of credit limits is already on and would be completed soon. In any case, delay beyond six months is not considered desirable as a general discipline. Hence, an account where the regular/ ad hoc credit limits have not been reviewed/ renewed within 180 days from the due date/ date of ad hoc sanction will be treated as NPA.

Besides above, Bank also follows the guidelines issued by RBI in respect of classification of assets under a) Restructured accounts, b) Project under implementation involving time overrun, c) Post shipment Suppliers’ Credit. d) Export Project Finance, e) Take over Finance, f) Govt. guaranteed Advance, g) Advance under Rehabilitation approved by BFIR / TLI, h) Advances under Debt Waiver & Debt Relief Scheme 2009, i) Sale of Financial Assets to Securitization Company /Reconstruction Company, j) Purchase/ Sale of Non-Performing Financial Assets, k) Up-gradation of accounts, l) Accounts regularized near about the Balance Sheet date etc.

B. CREDIT RISK MANAGEMENT AND OBJECTIVES:The main objective of Credit Risk Management Department is to effectively identify, assess, measure, and manage the credit risk exposure of the Bank, with a view to contain it within desired limits in relation to the risk appetite of the Bank and commensurate with the availability of Capital. In doing so, the Bank's Credit Risk philosophy aims at minimising risk and maintaining it within the levels which shall ensure safety of the Bank's financial resources, including stakeholders' equity and, at the same time, also ensure a steady and healthy financial growth.

STRATEGIC POLICY OF THE BANK - CREDIT RISK:The Bank has a comprehensive and well defined Loan Policy which covers various aspects of strategic planning. The loan policy of the Bank is reviewed from time to time, depending on requirements of the changes in loan portfolio and general economic and market scenario. The loan policy is also subjected to a comprehensive review by the Board at least once a year. The loan policy of the Bank addresses, among other things:

• Exposure ceilings and prudential caps in different industry segments and borrower categories.

• Pricing based on risk profile linked to credit ratings and/or retail segments.

• Guidelines relating to procedures and systems for appraisal, sanction, and monitoring of loans and modes of dispensation of credit.

• Credit Rating framework.

• Inspection mechanism and compliance of regulatory and policy guidelines.

CREDIT RISK MANAGEMENT ARCHITECTURE:

• The organizational structure of the Bank for Credit Risk Management function has the Board of Directors at the Apex level that has the overall oversight of management of risks.

• The Risk Management Committee (RMC) which is the sub-committee of the Board headed by the Chairman & Managing Director devises the policy and strategy for integrated risk management including credit risk.

• At the operational level, the Credit Risk Management Committee (CRMC) manages the credit risk. The main function includes implementation of credit risk management policies approved by the Board, monitoring credit risk on a bank wide basis, recommending to the board for its approval all policies relating to credit risk management, prudential limits on credit exposures, portfolio management, loan products etc. There is a structured and standardized credit approval process including a comprehensive credit appraisal procedure. In order to assess the credit risk associated with any financing proposal, the Bank assesses a variety of risks relating to the borrower and the relevant industry.

• The Risk Management Department (RMD) headed by the General Manger, measures, controls and manages credit risk on bank wide basis within the limits set by the Board and enforces compliance with risk parameters set by Board/RMC/CRMC. The RMD is duly supported by Credit Risk Management Cell, Asset Liability Management Cell, Mid Office and Operations Risk Management Cell.

• The Inspection Department as well as Credit Monitoring Department headed by a General Manager, monitors the quality of loan portfolio, identifies problems and takes steps to correct deficiencies. Loan review / credit audit is undertaken by the Credit Audit function.

iatkc ,.M fla/ cSad


_.k tksf[k+e çca/[email protected] ds fy, ç;qä lk/kuÛ _.k vuqeksnu drkZ çkfèkdkjh 'kfä;ksa dk çR;k;kstuA cSad dh cgqfoèk tksf[k+e vkèkkfjr vuqeksnu ç.kkyh ds Hkhrj 'kfä;ksa ds

çR;k;kstu dh ,d lqifjHkkf"kr ;kstuk fo|eku gS] ftldh tc dHkh vko';drk gks] O;olkf;d vko';drkvksa dh ckè;rkvksa dks iwjk djus ds fy, le;-le; ij iqujh{kk dh tkrh gSA

Û fofHkUu Lo:i ds _.kdrkZvksa ds fy, ,dy@lewg _.k lqfoèkkvksa tSlh _.k@fuos'k ds fofHkUu igyqvksa ij rdZlaxr _.k lhek,a çpyu esa gSaAÛ tksf[k+e] jsÇVx@ewY;kadu&cSad us fofHkUu ?kVdksa ds fy, jsÇVx e‚My ykxw fd, gq, gSa] tks çfri{k ds cgqfoèk tksf[k+e dkjdksa ds

,dy fcUnq lwpd ds :i esa dk;Z djrs gSa rFkk _.k ewY;kadu fu.kZ;ksa esa ennxkj gksrs gSaA Û _.k cgh dh xq.koÙkk ds lrRk~ ewY;kadu rFkk _.k ç'kklu esa xq.kkRed lqèkkj ds fy, _.k ys[kk ijh{kk@_.k iqujh{k.k i)fr ,d

çHkkoh midj.k gSAÛ lafoHkkx çcaèku & 'kq:vkrh nkSj esa cSad us ,d lkèkkj.k lafoHkkx fuxjkuh ÝseodZ ykxw fd;k gSA Hkfo"; esa cSad vR;kèkqfud lafoHkkx

çcaèku e‚My dks ykxw djsxkA

tksf[k+e vkadyu % & orZeku esa _.k tksf[k+e dks O;fäxr Lrj ij _.k nj rFkk iksVZQksfy;ks Lrj ij tksf[k+e Hkkfjr vkfLr;ksa ds ekè;e ls fuèkkZfjr fd;k x;k gS rFkk iwath dks tksf[k+e Hkkj vkèkkj ij O;ofLFkr fd;k x;k gSA

ek=kRed çdVhdj.k

dqy fuoy _.k t+ksf[ke dk çdVhdj.k

Js.kh jkf'k&:i, @ djksM+1- fuf/k&vk/kkfjr _.k jkf'k 65277-222- xSj&fuf/k vk/kkfjr _.k jkf'k 4268-17

_.k t¨f[k+e dk Ò©x¨fyd forj.k

Js.kh jkf'k&:i, @ djksM+1 fons'kh

fuf/k vk/kkfjr _.k t¨f[ke'kwU;

xSj fuf/k vk/kkfjr _.k t¨f[ke 'kwU;2 ns'kh

fuf/k vk/kkfjr _.k t¨f[ke65277-22

xSj fuf/k vk/kkfjr _.k t¨f[ke 4268-17

,Dlikst+j dk m|ksx okj forj.kjkf'k & :- djksM+

m|¨x fuf/k vk/kkfjr xSj fuf/k vk/kkfjr dqy1- [kk|ku ,oa mR[kuu 173-57 108-46 282-032- [kk| çlaLdj.k 899-83 10-38 910-213- csojst ,oa rEckdw 424-79 18-91 443-704- diM+k m|ksx 1424-98 10-44 1435-425- peM+k&peM+k mRikn 108-14 2-93 111-076- dk"B ,oa dk"B mRikn 67-93 3-04 70-977- dkxt rFkk dkxt mRikn 251-07 8-76 259-838- iSVªks@dks;yk@ukHkdh; Ãèku 454-47 0-52 454-999- jlk;u & jlk;u mRikn- 330-99 3-76 334-7510- jcM+] IykfLVd ,oa blds mRikn- 173-88 26-13 200-0111- dkap ,oa blds cus mRikn 10-64 0-04 10-6812- lhesaV & lhesaV mRikn- 202-59 79-66 282-25

Punjab & Sind Bank


TOOLS USED FOR CREDIT RISK MANAGEMENT / MITIGATION • Credit Approving Authority – Delegation of Powers. The Bank has a well-defined scheme of delegation of powers with a multi-

tier risk based approving system, which is reviewed periodically and revised as and when necessary to meet the compulsions of business environment.

• Prudential Limits on various aspects of credit / investment like Single / Group borrower limits for various types of borrowers are in place.

• Risk Rating/Pricing - The bank has introduced rating models for various segments, which serve as a single point indicator of diverse risk factors of a counter party and support credit and pricing decisions.

• Credit Audit/Loan review mechanism is an effective tool for constantly evaluating the quality of loan book and to bring about qualitative improvements in credit administration

• Portfolio Management - to start with, the bank has introduced a simple portfolio-monitoring framework. Going forward the bank will be graduating to a more sophisticated Portfolio Management model.

RISK MEASUREMENT At present Credit Risk is assessed through Risk rating at the individual level and through Risk Weighting of the assets at the portfolio level and capital is maintained based on Risk Weights.

Quantitative Disclosures

Total gross credit risk exposures

Category Amt. - Rs/ Crores1 Fund Based Credit Exposures 65277.222 Non Fund Based Credit Exposures 4268.17

Geographic distribution of exposures

Category Amt. - Rs/ Crores1 Overseas

Fund Based Credit ExposuresNIL

Non Fund Based Credit Exposures NIL2 Domestic

Fund Based Credit Exposures65277.22

Non Fund Based Credit Exposures 4268.17

INDUSTRY TYPE DISTRIBUTION OF EXPOSURES Amt. - Rs/ CroresIndustry Fund Based Non- Fund Based TotalA.MINING & QUARRYING 173.57 108.46 282.03B.FOOD PROCESSING 899.83 10.38 910.21C.BEVERAGES & TOBACCO 424.79 18.91 443.70D.TEXTILES 1424.98 10.44 1435.42E.LEATHER & LEATHER PRODUCTS 108.14 2.93 111.07F.WOOD & WOOD PRODUCTS 67.93 3.04 70.97G.PAPER & PAPER PRODUCTS 251.07 8.76 259.83H.PETRO./COAL/NUCLEAR FUELS 454.47 0.52 454.99I.CHEMICALS & CHEMICAL PROD. 330.99 3.76 334.75J.RUBBER,PLASTIC & ITS PROD. 173.88 26.13 200.01K.GLASS & GLASSWARE 10.64 0.04 10.68L.CEMENT AND CEMENT PROD. 202.59 79.66 282.25

iatkc ,.M fla/ cSad


m|¨x fuf/k vk/kkfjr xSj fuf/k vk/kkfjr dqy13- ewy èkkrq & èkkrq mRikn- 2366-55 37-92 2404-4714- leLr bathfu;Çjx 352-70 66-58 419-2815- okgu@okgu dyiwtsZ ,oa VhihVh vkStkj 166-58 117-47 284-0516- jru vkSj vkHkw"k.k 465-76 1072-90 1538-6617- fuekZ.k 665-87 375-07 1040-9418- cqfu;knh lqfoèkk;sa 15505-38 466-62 15972-0019- vU; m|ksx 131-30 10-01 141-3120- vof'k"V 41100-20 1848-58 42948-78dqy ;ksx 65277-22 4268-18 69545-40

mYys[kuh; ,Dlikst+jm|ksx tgka dqy ,Dlikst+j] dqy fufèk vkèkkfjr rFkk xSj fufèk vkèkkfjr çdVhdj.k ds 5% ls vfèkd gS%

jkf'k #- djksM+ esa

Øe la[;k m|ksx izdVhdj.k1- cqfu;knh lqfoèkk;sa 15972-002- vof'k"V 42948-79

vkfLr;ä dk vof'k"V Lkafonkxr ifjiDork fodkj %&jkf'k #- djksM+ esa

vof/k iw.kZ güs dk Lo:i ¼Lke;kof/k½

_.k ,oa vfxze

fuos'k ¼cgh ewY;½

fons'kh eqæk tekjkf'k;k¡ m/kkjns;rk,a vkfLr;ka

1 fnu 1698-78 0-00 29-88 267-87 1002-90 0-002&7 fnu 1265-66 254-80 1-06 6-84 1161-27 795-008&14 fnu 1593-27 275-03 16-40 16-45 1180-72 0-0015&28 fnu 914-42 0-00 4-40 43-24 1031-52 0-0029 fnuksa ls 3 ekg 12542-08 10-00 27-18 138-87 15756-04 700-00

3 ekg ls vfèkd ls 6 ekg rd 2593-51 199-03 35-51 74-36 9519-19 0-006 ekg ls vfèkd ls 1 o"kZ rd 4098-27 500-95 62-87 0-0- 29342-12 0-001 o"kZ ls vfèkd ls 3 o"kks± rd 15535-05 4488-73 94-80 0-00 16263-86 19-003 o"kks± ls vfèkd ls 5 o"kks± rd 12165-50 2783-47 146-32 196-79 8632-35 0-005 o"kks± ls vfèkd 11509-54 19133-04 0-00 0-00 7359-99 0-00dqy 63916-07 27645-05 418-42 744-42 91249-97 1514-00

,u-ih-,- dh jkf'k ¼Lkdy½

Js.kh jkf'k :- djksM+1 voLrjh; 1836-112 lafnXèk 1 1180-863 lafnXèk 2 1053-154 lafnXèk 3 154-125- gkfu 4-82

fuoy ,u-ih-, jkf'k :- djksM+ esa

fuoy-,u-ih-, 2949-47

Punjab & Sind Bank


Industry Fund Based Non- Fund Based TotalM.BASIC METAL & METAL PROD. 2366.55 37.92 2404.47N.ALL ENGINEERING 352.70 66.58 419.28O.VEHCLES/V.PARTS/TPT.EQPM. 166.58 117.47 284.05P.GEMS & JEWELLARY 465.76 1072.90 1538.66Q.CONSTRUCTIONS 665.87 375.07 1040.94R.INFRASTRUCTURE 15505.38 466.62 15972.00S.OTHER INDUSTRIES 131.30 10.01 141.31

T.RESIDUARY 41100.20 1848.58 42948.78Grand Total 65277.22 4268.18 69545.40

Significant exposure:Industry where the Total Exposure is more than 5% of Total Fund based and Non-fund based exposure:

Amt. - Rs/ CroresS.No. Industry Exposure

1 Infrastructure 15972.002 Residuary 42948.79

RESIDUAL CONTRACTUAL MATURITY BREAKDOWN OF ASSETS Amt. - Rs/ Crores

Maturity Pattern (Time Buckets)

Loans & Advances

Investments (Book Value)

Foreign Currency Deposits BorrowingsLiabilities Assets

1 day 1698.78 0.00 29.88 267.87 1002.90 0.002-7 days 1265.66 254.80 1.06 6.84 1161.27 795.008-14 days 1593.27 275.03 16.40 16.45 1180.72 0.0015-28 days 914.42 0.00 4.40 43.24 1031.52 0.0029 days to 3 months 12542.08 10.00 27.18 138.87 15756.04 700.00Over 3 months to 6 months 2593.51 199.03 35.51 74.36 9519.19 0.00Over 6 months to 1 year 4098.27 500.95 62.87 0.0. 29342.12 0.00Over 1 year to 3 years 15535.05 4488.73 94.80 0.00 16263.86 19.00Over 3 years to 5 years 12165.50 2783.47 146.32 196.79 8632.35 0.00Over 5 years 11509.54 19133.04 0.00 0.00 7359.99 0.00TOTAL 63916.07 27645.05 418.42 744.42 91249.97 1514.00

Amount of NPAs (Gross)

Category Amt. - Rs/ Crores1 Substandard 1836.112 Doubtful 1 1180.863 Doubtful 2 1053.154 Doubtful 3 154.125 Loss 4.82

Net NPAs

Amt. - Rs/ CroresNet NPAs 2949.47

iatkc ,.M fla/ cSad


,u-ih-,- vuqikrJs.kh izfr'kr

1 ldy vfxze dk Lkdy ,u-ih-, 6-48%2 fuoy vfxze dk fuoy ,u-ih-, 4-62%

,u-ih-, ¼ldy½ esa mrkj&p<ko

jkf'k :- djksM+vFk'ks"k 3082-19teka 1959-92deh 813-06bfr 'ks"k 4229-05

,u-ih-, gsrq çko/kkuksa esa mrkj&p<ko

jkf'k :- djksM+vFk'ks"k 1049-01o"kZ ds n©jku fd, x, Áko/kku 388-67cV~Vs [kkrs Mkyuk

170-97vf/kd Áko/kkuä dk iqujkadubfr'ks"k 1266-70

x+Sj&fu"ikfnr fuos'kä dh jkf'k

jkf'k :- djksM+xSj fu"ikfnr fuos'kksa dh jkf'k 56-26

xSj fu"ikfnr fuos'kksa ds fy, çko/kkuksa dh jkf'k

jkf'k :- djksM+xSj fu"ikfnr fuos'kksa ds fy, çko/kku 43-06

fuos'kksa ij ewY;ºzkl gsrq çko/kkuksa esa mrkj p<ko

jkf'k :- djksM+vFk'ks"k 4-83o"kZ ds n©jku fd, x, Áko/kku 10-67cV~Vs [kkrs Mkyuk

10-20vf/kd Áko/kkuä dk iqujkadubfr'ks"k 5-30

rkfydk Mh-,Q- 5 & _.k t¨f[ke% ekudhÑr n`f"Vd¨.k ds varxZr LkafoHkkx dk izdVhdj.kxq.kkRed izdVhdj.k

1- cSad us lh-vkj-,-vkj- ifjdyu gsrq ekudh—r –f"Vdks.k ds varxZr tksf[ke Hkkj fuèkkZj.k djus ds fy, fuEu Js.kh fuèkkZjd ,tsafl;ksa dh lkekU; jsÇVx dk mi;ksx djuk vuqeksfnr fd;k gSA ?kjsyw nkoksa ds fy, fØfly¼CRISIL½] vkÃlhvkj,¼ICRA½] bafM;k jsÇVx ¼India Rating½] ,l,eÃvkj,¼SMERA½] fczdodZ¼BRICKWORK½]rFkk ds;j¼CARE½ ,oa vfuoklh d‚jiksjsV] fons'kh cSadksa rFkk fons'kh ljdkj ds nkoksa ds fy, ,l ,.M ih] fQp¼FITCH½ rFkk ewMht dks vuqeksfnr fd;k gSA

Hkkjrh; fjt+oZ cSad dh ifjHkk"kk ds vuqlkj bu leLr ,tsafl;ksa dk Js.kh fuèkkZj.k leLr çdkj ds _.k tksf[keksa ds fy, ç;ksx esa yk;k tk jgk gS] c'krs± cklsy&II ds varxZr lh-vkj-,-vkj- ifjdyu gsrq ekudh—r –f"Vdks.k ds varxZr tksf[ke Hkkj ds fy, Js.kh dk fuèkkZj.k fd;k tk jgk gksA

Punjab & Sind Bank


NPA Ratios

Category Percent1 Gross NPAs to Gross advances 6.48%2 Net NPAs to Net advances 4.62%

Movement of NPAs (Gross)

Amt. - Rs/ CroresOpening Balance 3082.19Additions 1959.92Reductions 813.06Closing Balance 4229.05

Movement of Provisions for NPAs

Amt. - Rs/ CroresOpening Balance 1049.01Provisions made during the period 388.67Write-off 170.97Write-back of excess provisionsClosing Balance 1266.70

Amount of Non-Performing Investments

Amt. - Rs/ CroresAmount of Non-Performing Investments 56.26

Amount of provisions held for non-performing investments

Amt. - Rs/ CroresProvisions held for non-performing investments 43.06

Movement of provisions for depreciation on investments

Amt. - Rs/ CroresOpening Balance 4.83Provisions made during the period 10.67Write-off

10.20Write-back of excess provisionsClosing Balance 5.30

Table DF 5 - CREDIT RISK: DISCLOSURES FOR PORTFOLIOS SUBJECT TO THE STANDARDISED APPROACH


1. The Bank has approved using the general rating of the following credit rating agencies for risk weighting under the standardized approach for CRAR calculations CRISIL, ICRA, India Rating, SMERA, BRICKWORK and CARE for domestic claims and S&P, FITCH and Moody’s for claims on non-resident corporates, foreign banks and foreign sovereigns.

The ratings of all these agencies are being used for all exposures subjected to rating for risk weighting purposes under the standardized approach for CRAR calculations under Basel-II & Basel III as defined by RBI.

iatkc ,.M fla/ cSad


2- cSaÇdx cfg;ksa esa rqykukRed vkfLr;ksa ij vkèkkfjr Js.kh fuèkkZj.k ds vkèkkj ij lkoZtfud fuxZe ds varj.k ds fy, ç;ksx esa ykÃ xÃ çfØ;k Hkkjrh; fjt+oZ cSad dh fofu;ked vfuok;Zrk ds vuq:i gSA Js.kh fuèkkZjd ,tsafl;ksa }kjk mudh osclkÃV esa çdkf'kr lkoZtfud jsÇVx dk ç;ksx bl mís'; ds fy, fd;k tkrk gSA lacafèkr jsÇVx ,tsalh ds ekfld cqysfVu ds vuqlkj ykxw Js.kh rFkk ftldh de ls de xr 15 ekg esa ,d ckj leh{kk dh tk pqdh gS] dk bl mís'; gsrq ç;ksx fd;k x;k gSA

3- tg‚a çR;sd _.k tksf[ke dk Js.kh fuèkkZj.k dsoy ,d vuqeksfnr Js.kh fuèkkZj.k ,tsalh }kjk fd;k x;k gS] ds viokn dks NksM+dj çfri{k fo'ks"k ij leLr _.k tksf[ke ds fy, cSad us dsoy ,d ,tsalh ds Js.kh fuèkkZj.k dk ç;ksx fd;k gS ;|fi bu _.k tksf[keksa dk ,d ls vfèkd ,tsafl;ksa }kjk Js.khdj.k fd;k x;k gSA

4- tksf[ke Hkkj gsrq ik=rk ds fy, ;g lqfu'fpr fd;k tkrk gS fd ckgjh _.k ewY;kadu rFkk cSad }kjk mls çnÙk leLr Hkqxrku vFkkZr ewy jkf'k rFkk C;kt ds lacaèk esa] _.k tksf[ke ,Dlikst+j dh iwjh jkf'k 'kkfey djrk gS rFkk çfrÇcfcr djrk gSA tksf[ke Hkkj ds fy, d‚jiksjsV xzqi esa ,d daiuh ds fy, ckgjh fuèkkZj.k dk ç;ksx mlh xzqi dh vU; daifu;ksa ds ckgjh fuèkkZj.k ds fy, ç;ksx ugÈ fd;k x;k gSA

5- vkfLr;ka ftudh lafonkxr ifjiDork ,d o"kZ ;k mlls de gS] ds fy, vYikofèk Js.kh fuèkkZj.k dk ç;ksx fd;k x;k gS tcfd vU; vkfLr;ksa ds fy, nh?kkZofèk Js.kh fuèkkZj.k dk ç;ksx fd;k x;k gSA udn mèkkj ,Dlikst+j ds fy, nh?kkZofèk Js.kh fuèkkZj.k dk ç;ksx fd;k x;k gSA

6- tgk¡ tkjhdrkZ dk ,d nh?kkZofèk ,Dlikst+j gS ftl ij ckgjh nh?kkZofèk Js.kh fuèkkZj.k ds vuqlkj 150% tksf[ke Hkkj vfHk"V gksrk gS] mlh çfri{k ds leLr xSj&Js.khxr nkos pkgs os vYikofèk gksa ;k nh?kkZofèk ij 150% tksf[ke Hkkj ekuk tk,xk] flok, ,sls nkoksa esa tg‚a tksf[ke de djus dh rduhd ç;ksx esa ykÃ xÃ gks vYikofèk Js.kh fuèkkZj.k ij Hkh ;gh ykxw gksxkA

7- vuqeksfnr Js.kh fuèkkZj.k ,tsfUl;ksa }kjk vYikofèk Js.kh fuèkkZj.k dks vYikofèk _.k tksf[k+e Hkkj ds fy, ekudh—r –f"Vdks.k ds varxZr tksf[k+e Hkkj esa çR;{k :i ls 'kkfey fd;k tkrk gSA

Hkkjrh; fjtoZ cSad }kjk fn, x, tksf[ke Hkkj ekufp=.k ds :i esa Hkh blh rtZ ij ckgjh ØsfMV jsÇVx ,tsafl;ksa ds vYikofèk Js.kh ds lkFk ¼1 o"kZ rd½ ds vYikofèk _.k ds vkarfjd ewY;kadu dh eSÇix ds fy, ,d ra= gS] gekjs cSad esa çpyu esa igys ls gh gS A

blds vykok] Hkkjrh; fjtoZ cSad }kjk fn, x, tksf[ke Hkkj ekufp=.k ds :i esa Hkh blh rtZ ij ckgjh ØsfMV jsÇVx ,tsafl;ksa dh nh?kZdkfyd Js.kh ds lkFk nh?kZdkfyd _.k] ds vkarfjd ewY;kadu dh eSÇix ds fy, ,d ra= Hkh cksMZ }kjk vuqeksfnr fd;k x;k gSA ekufp=.k dsoy xSj&Js.kh—r nh?kZdkfyd fuos'k ds ekeyksa esa iwath i;kZIrrk mís';ksa ds fy, vkosnu@bLrseky fd;k tk,xkA

8- ;fn ik= _.k fuèkkZj.k ,tsafl;ksa }kjk nks Js.kh fuèkkZj.k dh xÃ gSa ftlesa nks vyx&vyx tksf[ke Hkkj vafdr fd, x, gSa] ogk¡ mPprj tksf[ke Hkkj ykxw fd;k tkrk gSA ;fn ik= _.k Js.kh fuèkkZj.k ,tsafl;ksa }kjk rhu ;k vfèkd Js.kh fuèkkZfjr dh xÃ gS ftlesa tksf[ke Hkkj vafdr fd, x, gSa] ogk¡ nks rnuq:ih fuEure tksf[k+e Hkkjksa dh Js.kh fuèkkZj.k ds lanHkZ esa rFkk bu+ nksuksa tksf[k+e Hkkjksa esa mPprj tksf[ke Hkkj dks ykxw fd;k x;k gS] vFkkZr nwljk lcls U;wure tksf[k+e HkkjA

9- tg‚a fo'ks"k fuèkkZfjr ekeyksa esa nkok fuos'k ugÈ gS] fuos'k nkoksa ij tksf[ke Hkkj p;fur _.k Js.kh oxÊdj.k ,tsalh }kjk fo'ks"k Js.kh fuèkkZj.k ij vkèkkfjr gSaA I½ _.k fo'ks"k ds fy, ykxw Js.kh fuèkkZj.k ¼tg‚a Js.kh oxÊdj.k ds tksf[ke Hkkj xSj&Js.kh—r ekeyksa ij ykxw tksf[ke Hkkj ls de

gS½ cSad ds dsoy xSj&fuèkkZfjr nkoksa ij ykxw gS] tgk¡ oxÊ—r ekeyk ,d vYikofèk vfuok;Zrk gS ;fn og nkok le:i oxÊ—r gS ;k gj çdkj ls fof'k"V oxÊ—r _.k ls vfèkd gS rFkk xSj &fuèkkZfjr ekeyksa dh ifjiDork fuèkkZfjr ekeyksa dh ifjiDork ds ckn ugÈ gS] dks NksM+dj cSad ds dsoy xSj&fuèkkZfjr ekeys ij ykxw gSA

II½ ;fn tkjhdrkZ ;k ,dy fuxZe ds fy, xSj&fuèkkZfjr ekeyksa ds fy, ykxw tksf[ke Hkkj ls vfèkd ;k mlds cjkcj tksf[ke Hkkj fuèkkZj.k fd;k x;k gS rks ml çfri{k ij xSj&fuèkkZfjr ekeyksa ds fy, ogh tksf[ke Hkkj fuèkkZfjr gksxk tksfd _.k tksf[ke Hkkj ij ykxw gksxk] ;fn ;g nkok mlds lkFk&lkFk ;k gj çdkj ls fuèkkZfjr _.k tksf[ke Hkkj ls de gSA

ekudh—r –f"Vdks.k dh 'krsZ ij tkf[+ke de djus ds ckn ,Dlikst+j dh jkf'kjkf'k&#-@djksM+

t¨f[k+e Hkkj Js.kh Js.kh fu/kkZfjr ,Dlikst+j xSj& Js.kh fu/kkZfjr ,Dlikst+j _.k tksf[k+e de djus ds ckn ,Dlikst+j

100% tksf[k+e Hkkj ls de 14776-11 24107-34 38883-45100% tksf[k+e Hkkj 4826-30 17329-11 22155-41100% tksf[k+e Hkkj ls vf/kd 6060-63 3657-32 9717-95dVkSrh 0-00 0-00 0-00dqy 25663-04 45093-77 70756-81

Punjab & Sind Bank


2. The process used to transfer public issue ratings on to comparable assets in the banking book is as per regulatory requirements of RBI. The public ratings published by the rating agencies on their website are used for this purpose. Only, ratings which are in force as per monthly bulletin of the concerned rating agency and which have been reviewed at least once during the previous 15 months are used.

3. For all the exposures on a particular counterparty, bank uses the rating of only one agency, even though these exposures are rated by more than one with exception being where each of the exposures is rated by only one of the approved rating agencies.

4. To be eligible for risk-weighting purposes, it is ensured that the external credit assessment takes into account and reflects the entire amount of credit risk exposure the bank has with regard to all payments owed to it i.e., both principal and interest. External assessments for one entity within a corporate group is not used to risk weight other entities within the same group.

5. For assets that have contractual maturity less than or equal to one year, short term ratings are used while for other assets, long term ratings are used. For Cash Credit exposures long term ratings are taken.

6. Where an issuer has a long-term exposure with an external long term rating that warrants a risk weight of 150%, all unrated claims on the same counterparty, whether short-term or long-term, also receive a 150% risk weight, except incases where credit risk mitigation techniques are used for such claims. Similar is the case with short-term rating.

7. The Short-term ratings assigned by the approved rating agencies are directly mapped to the risk weights under the Standardised Approach for short-term exposures.

A mechanism for mapping of internal ratings of short term loans (up to 1 year) with Short Term ratings of External Credit Rating Agencies, on similar lines as risk weight mapping given by RBI, is already in vogue in our bank.

Further, a mechanism for mapping of internal ratings of Long term loans with Long Term Ratings of External Credit Rating Agencies, on the similar lines as risk weight mapping given by RBI has also been approved by the Board. The mapping shall be used/ applied for capital adequacy purposes only in cases of unrated Long term exposures.

8. If there are two ratings accorded by eligible credit rating agencies, which map into different risk weights, the higher risk weight is applied. If there are three or more ratings accorded by eligible credit rating agencies with different risk weights, the ratings corresponding to the two lowest risk weights are referred to and the higher of those two risk weights are applied, i.e., the second lowest risk weight.

9. The RW of the investment claim is based on specific rating by a chosen credit rating agency, where the claim is not an investment in a specific assessed issue:

i) the rating applicable to the specific debt (where the rating maps into a risk weight lower than that which applies to an unrated claim) is applied to the bank’s un-assessed claim only if this claim ranks pari passu or senior to the specific rated debt in all respects and the maturity of the un-assessed claim is not later than the maturity of the rated claim, except where the rated claim is a short term obligation.

ii) if either the issuer or single issue has been assigned a rating which maps into a risk weight equal to or higher than that which applies to unrated claims, an unrated claim on the same counterparty, is assigned the same risk weight as is applicable to the rated exposure, if this claim ranks pari passu or junior to the rated exposure in all respects.

Exposure amounts after risk mitigation subject to the standardized approach Amt. - Rs/ Crores

Risk Weight Category Rated Exposure Un-Rated Exposure Exposure After Credit Risk Mitigation

Below 100 % risk weight 14776.11 24107.34 38883.45

100 % risk weight 4826.30 17329.11 22155.41

More than 100 % risk weight 6060.63 3657.32 9717.95

Deducted 0.00 0.00 0.00

TOTAL 25663.04 45093.77 70756.81

iatkc ,.M fla/ cSad


rkfydk Mh-,Q- 6- _.k tksf[k+e de djuk % ekudh—r –f"Vdks.k ds fy, çdVhdj.k

xq.kkRed izdVhdj.k

1- laLFkk ds vtZu dk ?kkVs ls cpkus ds fy,] _.k tksf[ke de djds jktLo o`f) djuk çcaèku dk çeq[k midj.k gSA cSad vius nSfud ifjpkyu ds nkSjku _.k tksf[keksa dks de djus ds fy, vusd rjhds vkSj rduhd viukrs gSaA ifjiDork vlarqyu] eqæk vlarqyu vkSj ewY; lek;kstu ds i'pkr] iwath çHkkj dks de djus gsrq i;Zos{kd us _.k tksf[ke de djus ds mik;ksa dh vuqefr nh gSA u, iwath i;kZIrrk ÝseodZ ¼csly&II½ ds varxZr igpkus x, _.k tksf[ke de djus ds fofHkUu dkjd ¼lh-vkj-,e-½ fuEu gSa %&

laikf'oZd lapkyu v‚u&cSysal&'khV&usfVax xkjafV;k¡

2- ik= foÙkh; laikf'oZd çfrHkwfr;k¡

ekud –f"Vdks.k ds varxZr lHkh laik'Zfodksa dks _.k tksf[ke de djus gsrq ugÈ ekuk x;k gSA igpkuh xÃ foÙkh; laik'Zfod fuEufyf[kr gSa%&

1-½ udnh vkSj tekjkf'k;‚a ftuesa fons'kh eqæk lfEefyr gSA

2-½ lksuk # 99-99% dh 'kq)rk çekf.kr djukA

3-½ dsaæ vkSj jkT; ljdkjksa }kjk tkjh çfrHkwfr;k¡A

4-½ fdlku fodkl&i= vkSj jk"Vªh; cpr&i=A

5-½ thou&chek i‚fyfl;‚aA

6-½ _.k&çfrHkwfr;k¡ % 'krksaZ ds vuqlkj oxhZ—rA

7-½ cSad }kjk 'krksaZ vuqlkj tkjh voxhZ—r _.k&çfrHkwfr;k¡A

8-½ 'krksaZ ds vuqlkj E;wpqvy QaMksa ds ;wfuV~lA

laik'Zfod lapkyu esa iwath jkgr çkIr djus ds fy, dqN vfrfjä ekunaM gSa ftudk lhèks rkSj ij laik'Zfod çcaèku ij çHkkj iM+rk gS vkSj laik'Zfod çcaèku ds nkSjku bu igyqvksa dks è;ku esa j[kk tkrk gSA

3- v‚u&cSysal&'khV&usfVax

v‚u&cSysal&'khV&usÇVx dsoy _.k@vfxzeksa ¼_.k tksf[ke ds #i esa ekU;½ vkSj tekvksa ¼laik'Zfod ds :i esa ekU;½ rd gh lhfer gS tg‚a cSad ds ikl dkuwuh :i ls ykxw usÇVx çcaèk gS ftlesa fo'ks"k xzg.kkfèkdkj çys[kksa dh t‚ap dh tkrh gS vkSj ftudk fuoy vkèkkj ij çcaèku fd;k tkrk gSA

4- xkjafV;‚a tg‚a xkjafV;‚a lhèks rkSj ls] lqfu'fpr] vfodYih vkSj 'krZjfgr gSa] cSad iwath i;kZIrrk dh lax.kuk djrs le; ,sls _.k laj{k.k dks è;ku esa j[krk gSA

ik= xkjaVjksa@çfr xkjaVjksa ds oxZ esa lfEefyr gSa %

I½ lEçHkq] lEçHkqrk çkIr laLFkk,a ¼ch-vkÃ-,l-] vkÃ-,e-,Q-] ;wjksfi;u lsaVªy cSad vkSj ;wjksfi;u leqnk; ds lkFk mYysf[kr ,e-Mh-ch-] Ã-lh-th-lh- ,oa lh-th-Vh-,l-,e-Ã- lfEefyr gSa½] cSad vkSj çkÃejh Mhyj tks çfr i{k ls de Hkkfjr tksf[ke;qä gSaA

II½ vU; laLFkk,a ftudks ,,¼AA½ ;k mlls csgrj jsÇVx çkIr gSA

cSad ,Dlikst+j ds ,ot+ lHkh çdkj dh çfrHkwfr;‚a Lohdkj djrk gSA fQj Hkh cklsy&II ds fu;eksa ds vuqlkj] _.k tksf[keksa dk leatu ls iwoZ] ik= laik'Zfodksa ij fopkj fd;k tkrk gS vkSj mudk mfpr mipkj fd;k tkrk gSA cSad ds ikl _.k tksf[ke de djus dh ,d foLr`r i‚fylh gS vkSj çfrHkwfr;ksa ds ewY;kadu djus ds fn'kk&funsZ'k miyCèk gSaA

cSad xkjaVjksa dh jsÇVx djrs le; çfr ikVÊ ls csgrj xkjaVhdrkZvksa dh jsÇVx ds ekeyksa esa] ik= xkjafV;ksa dk laKku djrk gSA blds vfrfjä _.k lqj{kk ds fy, dsaæh; ljdkj] jkT; ljdkj] Ã-lh-th-lh- vkSj lh-th-Vh- doj dks Hkh mi;qä tksf[ke Hkkj yxkrs le; è;ku esa j[kk tkrk gSA

ekud –f"Vdks.k ds varxZr _.k tksf[ke lafoHkkx dk çdVhdj.k] doj fd;k x;k dqy _.k tksf[ke% ik= foÙkh; çfrHkwfr dVkSrh djus ds mijkar& : 3583-63 djksM+

Punjab & Sind Bank


Table DF 6 - CREDIT RISK MITIGATION: DISCLOSURES FOR STANDARDISED APPROACHES


1. Credit Risk Mitigation is a proactive management tool designed to enhance revenue growth, while protecting an entity's earnings from loss. Banks employ various methods and techniques to reduce the impact of the credit risks they are exposed to in their daily operations. Some of the credit risk mitigation techniques are permitted to be used by the supervisor for reducing the capital charge after adjustment for value, currency mismatch and maturity mismatch. Various Credit Risk Mitigants (CRM) recognized under the New Capital Adequacy Framework (Basel II) are as follows:

→ Collateralised transactions → On-balance-sheet-netting → Guarantees

2. Eligible financial collateral: All collaterals are not recognised as credit risk mitigants under the Standardised Approach. The following are the financial

collaterals recognized:

(i) Cash and Deposits including deposits in foreign currency.

(ii) Gold: benchmarked to 99.99% purity.

(iii) Securities issued by Central and State Governments

(iv) Kisan Vikas Patra and National Savings Certificates

(v) Life insurance policies

(vi) Debt securities -Rated subject to conditions.

(vii) Debt securities not rated issued by banks subject to conditions

(viii) Units of mutual funds subject to conditions

There are certain additional standards for availing capital relief for collateralized transactions, which have direct bearing on the management of collaterals, and these aspects are taken into account during Collateral Management.

3. On-balance-sheet-netting On-balance sheet netting is confined to loans/advances (treated as exposure) and deposits (treated as collateral), where Bank

has legally enforceable netting arrangements, involving specific lien with proof of documentation and which are managed on a net basis.

4. Guarantees Where guarantees are direct, explicit, irrevocable and unconditional, bank takes account of such credit protection in calculating capital requirements. The range of eligible guarantors / counter guarantors include:

(i) Sovereigns, sovereign entities (including BIS, IMF, European Central Bank and European Community as well as certain specified MDBs, ECGC and CGTSME), banks and primary dealers with a lower risk weight than the counterparty;

(ii) Other entities rated AA or better.

The Bank accepts all types of collaterals against exposures. However, for Basel-II norms, the eligible collaterals are considered and given appropriate treatment before they are set-off against exposures. The bank has a well laid-out Credit Risk Mitigation & Collateral management Policy and also guidelines for valuation of collaterals. The Bank also takes cognizance of eligible guarantees and substitution of rating of guarantor(s) in cases where these are better than that of the counter-party. Besides, for purposes of credit protection, Central Govt., State Govt., ECGC and CGFT coverages are also taken into account to apply appropriate risk weights.

Disclosed credit risk portfolio under the standardised approach, the total exposure that is covered by: Eligible financial collateral; after the application of haircuts –Rs. 3583.63 Crores

iatkc ,.M fla/ cSad


rkfydk Mh-,Q- 7- çfrHkwfrdj.k% ekudh—r –f"Vdks.k ds fy, çdVhdj.k

xq.kkRed çdVhdj.k

vkfLR;ksa dh çfrHkwfrdj.k laca/kh uhfr dk vís';

1- lalkèkuksa dks c<+kus gsrq

1-1 mfpr ewY; ij ¼vkfLr vkèkkfjr çfrHkwfrdj.k@caèkd ds ekè;e ls½ cSad ds lalkèkuksa dks c<+kukA

1-2 t+:jr iM+us ij] ifjiDork varj dks de djus ds fy,] mÙke vkfLr ns;rk çcaèku gsrq yEch le;kofèk dh vkfLr;ksa dks cspk tk ldrk gSA

1-3 cSad dh lao`f) dks çHkkfor fd, fcuk n{krk ls iwath dks"k dh O;oLFkk djus ds fy,A iwath dh nqyZHkrk ds ckotwn O;olk; dh fujarjrk rFkk vkfLr;ksa ds vkorZu gsrqA

1-4 fufèk;ksa ds u, lzksrksa dk mi;ksx rFkk orZeku fufèk;ksa ds lkèkuksa dk fofoèkhdj.kA

1-5 çfrykHk dks c<+kus ds fy, vkfLr;ksa dk tYnh tYnh Ø;&foØ; A

1-6 _.k lafoHkkx ds mfpr çcaèku ds fy, m'k laØsUæ.k ds {ks=ksa esa vkfLr;ksa dks fdjk, ij ysdj] cSad bu {ks=ksa esa vfrfjä O;olk; djuk tkjh j[kus dh fLFkfr esa gksxk vkSj bl rjg ckt+kj esa viuk fgLlk] xzkgd lacaèk bR;kfn cjdjkj j[k ldrk gSA

2- vfèk'ks"k fufèk;ksa dk vfHkfu;kstu % ihVhlh ds fy, vfHknku djds ;k fQj mfpr çfrykHk nj okys _.kksa ds f}i{kh; vkcaVu ds ekè;e ls vkfLr;ksa dh [kjhn }kjk vfèk'ks"k fufèk;ksa ds Fkksd vfHkfu;kstu dk Hkh ,d lkèkuA

cSad us çfrHkwfrdj.k ds varxZr ekud _.k lafoHkkx dks fdlh vU; laLFkk¼vksa½ dks ugÈ cspk gSA

ekud lewg vkfLr;ksa dk leuqns'ku- % : 342-14 djksM+

rkfydk Mh-,Q- 8- VªsfMax cqd esa cktkj tksf[k+e

xq.kkRed çdVhdj.k

ckt+kj tksf[ke dk vk'k; C;kt njksa esa ifjorZu] fons'kh eqæk njksa] ckt+kj ewY;ksa ,oa ifjorZuh;rk ls gksus okys Hkfo"; dh vk; dh vfuf'prrk ls gSA cSad ;g ekurk gS fd ckt+kj tksf[ke esa mlds mèkkj@_.k nsus rFkk tek ysus tSls O;olk;ksa vkSj fuos'k xfrfofèk;ksa ;Fkk LFkku xzg.k djuk ,oa O;kikj djuk Hkh 'kkfey gSA ckt+kj tksf[ke dk fuos'k uhfr;ksa rFkk ckt+kj tksf[ke çcaèku uhfr ds vuqlkj çcaèku fd;k tkrk gS] ftldk vuqeksnu cksMZ }kjk fd;k tkrk gSA ;s uhfr;ksa] çfrHkwfr;ksa ds çpkyu] fons'kh eqæk rFkk vU; mRiknksa dks lqn+<+ ,oa Lohdk;Z O;kikj@dk;Z çfØ;kvksa ds vuqlkj gksuk lqfuf'pr djrh gSa vkSj tg‚a rd gks lds ;s fofu;ked fn'kk&funsZ'kksa ds vuqlkj forh; çfrHkwfr;ksa ds varj.k dks 'kkflr djus okys foèkkuksa rFkk foÙkh; ifjos'k ds vuqlj.k esa dk;Z djrs gSaA O;kikj dh iqLrdksa esa ckt+kj tksf[ke dk vkadyu ekudh—r vkofèkd vfHk#[k ds vuqlkj fd;k tkrk gSA VªsÇMx¼O;kikj½ ds vk;kstu gsrq rFkk foØ; ds fy, miyCèk iksVZQksfy;ks ds vuqlkj iwathxr ç'kqYd dh lax.kuk Hkkjrh; fjt+oZ cSad ds çwMsf'k;y fn'kk&funsZ'kksa ds vuqlkj dh tkrh gSA

ckt+kj tksf[ke çcaèku ds mís'; %

ckt+kj tksf[ke çcaèku ds mís'; fuEu çi= gSa% pyfuf/k dk çca/ku C;kt nj tksf[k+e ,oa fofue; nj tksf[k+e dk çca/ku fuos'k iksVZQksfy;ks dk mfpr oxhZdj.k ,oa ewY;kadu fuos'kksa rFkk O;qRiknksa inkFkksaZ dh i;kZIr ,oa mfpr fjiksfVaZx fofu;ked vis{kkvksa dk vuqikyu

ek=kRed çdVhdj.k

iwath vko';drk jkf'k dj¨M+¨ esaC;kt nj tksf[k+e 247-52'ks;j fLFkfr tksf[k+e 28-90fons'kh fofue; tksf[k+e 'kwU;

Punjab & Sind Bank


Table DF 7- SECURITISATION: DISCLOSURE FOR STANDARDISED APPROACH


Objective of Policy on Securitization of Assets

1. For Raising Resources

1.1 To raise resources for the Bank (through mortgage/ asset backed securitization) at a reasonable cost.

1.2 For better asset liability management as long tenure assets can be disposed off, IN CASE OF NEED, to reduce the maturity mismatches.

1.3 To manage the capital funds efficiently without effecting the growth of the Bank. To rotate assets and to continue to book business even while capital availability is scarce.

1.4 To access to new source of funding and diversify the existing funding sources.

1.5 To maximize the returns by churning assets fast.

1.6 For better managing the credit portfolio. By hiring of assets in sectors of high concentration, the Bank would be in a position to continue to book additional business in these sectors and hence maintain market share, client relationship etc.

2. For Deploying Surplus Funds: Avenue for bulk deployment of surplus funds either by subscribing to the PTCs or by purchase of assets through bilateral assignment of debts with reasonable rate of return.

However, Bank has not sold out any standard credit portfolio under securitization to any other entities

Assignment of Standard Pool Assets- Rs. 342.14 crores (balance o/s)

Table DF 8 - MARKET RISK IN TRADING BOOK

Qualitative disclosuresMarket risk refers to the uncertainty of future earnings resulting from changes in interest rates, foreign exchange rates, market prices and volatilities. The Bank assumes market risk in its lending and deposit taking businesses and in its investment activities, including position taking and trading. The market risk is managed in accordance with the investment policies and Market Risk management policy, which are approved by the Board. These policies ensure that operations in securities, foreign exchange and derivatives are conducted in accordance with sound and acceptable business practices and are as per the extant regulatory guidelines, laws governing transactions in financial securities and the financial environment. Market Risk in Trading Book is assessed as per the Standardized Duration approach. The capital charge for Held for Trading (HFT) and Available for Sale (AFS) portfolios is computed as per Reserve Bank of India prudential guidelines.

Market risk management objectives:

The objectives of market risk management are as follows:• Management of liquidity• Management of interest rate risk and exchange rate risk.• Proper classification and valuation of investment portfolio• Adequate and proper reporting of investments and derivative products• Compliance with regulatory requirements


The capital requirements for: Amt. - Rs/ Crores

Interest rate risk; 247.52

Equity position risk; 28.90

Foreign exchange risk; NIL

iatkc ,.M fla/ cSad


rkfydk Mh-,Q- 9- ifjpkyuxr tksf[k+e xq.kkRed çdVhdj.k cSad us ifjpkyuxr tksf[ke çcaèku rFkk O;olk; fujarjrk vk;kstu o vkink olwyh çcaèku ij uhfr;‚a rS;kj dh gSaA cSad dk funs'kd&eaMy okÆ"kd vkèkkj ij bu uhfr;ksa dh leh{kk djrk gSA cSad tksf[ke gkfu vkadM+ksa ds laxzg.k dh çfØ;k esa yxk gSA cSad ds ikl cSad ds lexz ifjpkyu tksf[ke ds çcaèku dks ykxw djus ds fy, y‚l MkVk çcaèku <+kpk gSAifjpkyukRed tksf[ke lacaèkh uhfr ds vuqlkj dk;Zdkjh funs'kd dh vè;{krk esa ifjpkyukRed tksf[ke çcaèku lfefr ¼vksvkj,elh½ xfBr dh xÃ gSA vks-vkj-,e-lh- dh fu;fer cSBdsa çR;sd frekgh esa de ls de ,d ckj vk;ksftr dh tkrh gSaA 'kk[kkvksa dh v‚u lkÃV tksf[ke vkèkkfjr vkarfjd ys[kk&ijh{kk ¼vkj-ch-vkÃ-,-½ cSad dk fujh{k.k foHkkx laiUu djrk gSA gkml dhÇix] lekèkku ,oa èkks[kkèkM+h vkfn ls lacafèkr ekeyksa esa Øe'k% fujh{k.k foHkkx] lekèkku foHkkx ,oa lrdZrk foHkkx budh fjiksÉVx le;≤ ij v‚fMV desVh v‚Q cksMZ ¼,-lh-ch-½ dks djrs gSaA ifjpkyukRed tksf[ke rFkk O;olk; fujarjrk vk;kstu ls lacafèkr fofu;ked fjiksVZ dks le;c) ,oa fu;fer fd;k tkrk gSA ifjpkyukRed tksf[ke ds fy, iwath çHkkj dh lax.kuk gsrq orZeku esa cSad ewyHkwr lwpdkad i)fr dk vuqikyu dj jgk gSA rFkkfi ifjpkyukRed tksf[ke ds fy, iwath çHkkj dh lax.kuk mUur i)fr;ksa dh vksj mUeq[k gksus dh rS;kjh Hkh cSad ds lkFk&lkFk dj jgk gSA

rkfydk Mh-,Q- 10- cSad dh cfg;ksa esa C;kt nj tksf[k+e ¼vkbZvkjvkjchch½xq.kkRed çdVhdj.k cSad cgh esa C;kt nj tksf[ke dk çcaèku rFkk ewY; fuèkkZj.k vk; ij tksf[ke –f"Vdks.k gsrq ijEijkRed varj rFkk vkÆFkd ewY; –f"Vdks.k gsrq la'kksfèkr vofèk varj ds ekè;e ls fd;k x;k gSA cSad cgh esa C;kt nj tksf[ke ds vUrxZr lHkh vfxze rFkk ifjiDork rd j[ks tkus okys fuos'k 'kkfey gSaA _.k uhfr;‚a rFkk çfØ;k,a@lajpuk vkSj laxBu@fo"k;&{ks= rFkk tksf[ke lwpuk&ra= dh ç—fr@uhfr;‚a vkfn Mh-,Q-&8 ds varxZr crk, vuqlkj gh gSaA cSaÇdx cqd ¼vkÃvkjvkjchch½ esa C;kt nj tksf[ke ds ekin.Mksa dh dk;Z&i)fr Hkkjrh; fjt+oZ cSad }kjk funsZf'kr fn'kk&funsZ'kksa ds vuq:i gSA 1-1 Hkkjrh; fjt+oZ cSad us ;g fuèkkZfjr fd;k gS fd C;kt nj laosnu'khyrk ¼iquewZY; fuèkkZj.k varj½ fooj.k ftls ekfld varjky ij rS;kj

fd;k tkrk gS] ds t+fj, C;kt nj tksf[ke dh fuxjkuh dh tk,A rnuqlkj] vkfLr ns;rk çcaèku lfefr ekfld vkèkkj ij C;kt nj laosnu'khyrk dh leh{kk djrh gSA vkfLr;ksa o ns;rkvksa nksuksa esa C;kt nj esa leku ifjorZu ds dkj.k cSad dh 'kq) C;kt vk; esa gksus okys ifjorZu dk vkdyu djrh gSA

1-2 Hkkjrh; fjt+oZ cSad us vofèk varj fo'ys"k.k ds nkSjku C;kt nj laosnu'khyrk ds ekè;e ls vkfLr;ksa o ns;rkvksa ds vkÆFkd ewY; ij C;kt nj ifjorZu ds çHkko dk vuqeku yxkus dk Hkh fuèkkZj.k fd;k gSA cSad frekgh@ekfld varjky ij Hkkjrh; fjt+oZ cSad }kjk ;FkkfuèkkZfjr vofèk varj fo'ys"k.k Hkh djrk gSA ÃfDoVh ds ckt+kj ewY; ¼,eohÃ½ ij C;kt nj ifjorZu ds çHkkoksa dk vkofèkd varjky fo'ys"k.k ds ekè;e ls fujh{k.k fd;k tkrk gSA mijksä dk ç;ksx djrs gq,] çR;sd cdsV gsrq vkfLr;ksa ,oa ns;rkvksa dh ifjoÆrr vofèk dh x.kuk dh tkrh gS rFkk mijksä }kjk ns;rkvksa o vkfLr;ksa dh la'kksfèkr vofèk dh lax.kuk çR;sd dky&pØ ij ifjdfyr dh tkrh gS vkSj C;kt nj ds 200 chih,l ds ifjorZu dks tksM+us ds ckn ewY; ij iM+s çHkko dk ifjdyu dj 'kq) fLFkfr çkIr dh tkrh gS rkfd ;g fuèkkZfjr fd;k tk lds fd ewY; esa ldkjkRed o`f) gqÃ gS ;k ugÈA

1-3 vkfLr;ksa rFkk ns;rkvksa ds foodsiw.kZ mik; gsrq Ã,vkj¼EaR½ rFkk 'kq) vkofèkd varj dh lhek dk fuèkkZj.k fd;k tkrk gS rFkk fu;fer varjky ij bldh fuxjkuh dh tkrh gSA

ek=kRed çdVhdj.k d½ tksf[k+e ij vk;

,d o"kZ vUrjky rd vkSlru 100 vk/kkj vad ifjorZu dk çHkko #- 11-48 djksM+

[k½ vkfFkZd ewY; gsrq la'kksf/kr vof/k varj¼,e-oh-bZ-½&14-48%

Punjab & Sind Bank


Table DF 9 - OPERATIONAL RISK

Qualitative disclosuresThe Bank has formulated Policies on “Operational Risk Management’ and the “Business Continuity Plan & Disaster Recovery Management”. These policies are being reviewed by the Board of the Bank on annual basis. Bank is in process of collecting “Loss Data’. The Bank has loss data management framework to complywith overall operational risk management of the Bank.As per the policy on Operational Risk, the Operational Risk Management Committee (ORMC) has been set up which is headed by the Executive Director. Regular meetings of the ORMC are convened at least on quarterly basis. Inspection Deptt of the bank undertakes onsite “Risk Based Internal Audit” (RBIA) of the branches. Inspection, Reconciliation and Vigilance Departments are reporting matters relating to Housekeeping, Reconciliation and Frauds etc. periodically to ACB. Regulatory reporting with regard to Operational Risk and Business Continuity Plan is made timely & regularly. Bank is presently following ‘Basic Indicator Approach” for calculating Capital Charge on Operational Risk. However, the bank is preparing to move to advance approaches of calculating capital charge for Operational Risk.

Table DF 10 -INTEREST RATE RISK IN THE BANKING BOOK (IRRBB)

Qualitative disclosuresThe Interest rate risk in banking book is measured and managed by the bank through Traditional Gap for Earnings at Risk (Ear) approach and modified Duration Gap for Economic Value (MVE) Approach. Interest rate risk in banking book includes all advances and investments kept under Held to Maturity (HTM) portfolio. The strategies and process/structure of organization /scope and nature of risk reporting/policies etc., are the same as reported under DF – 8. The methodology adopted to measure the interest rate risk in banking book (IRRBB) is based on RBI suggested guidelines.1.1 RBI has stipulated monitoring of interest rate risk through a Statement of Interest Rate Sensitivity (Reprising Gaps) to be

prepared at monthly intervals. Accordingly, ALCO reviews Interest Rate Sensitivity statement on monthly basis and monitors the Earnings at Risk (EaR) which measures the change in net interest income of the Bank due to parallel change in interest rate on both the assets and liabilities.

1.2 RBI has also stipulated to estimate the impact of change in interest rates on economic value of bank’s assets and liabilities through Interest Rate Sensitivity under Duration Gap Analysis (IRSD). Bank also carries out Duration Gap analysis as stipulated by RBI at monthly/quarterly intervals. The impact of interest rate changes on the Market Value of Equity (MVE) is monitored through Duration Gap Analysis. Using the above, Modified Duration of liabilities and assets for each bucket is calculated and the impact on their value for a change in interest rate by 200 bps is reckoned by adding up the net position is arrived to determine as to whether there will be a positive increase in the value or otherwise.

1.3 As a prudential measure limit has been fixed for EaR as well as for Net Duration Gap of the assets and liabilities and the same is monitored at regular intervals.

Quantitative Disclosuresa) Earning at Risk

At 100 bps change for gaps upto 1 year on average basis Rs. 11.48 Crores

b) Modified Duration Gap for Economic Value (MVE) – 14.48%

iatkc ,.M fla/ cSad


cklsy& III ds fy, çdVhdj.k&31 ekpZ] 2016 dks lekIr o"kZ

rkfydk Mh ,Q 1& vuqç;ksx dk fo"k; {ks=

xq.kkRed çdVhdj.kd½ xzqi laLFkkvksa dh lwph] tks lesdu ds fy, fopkj.kh; gSA

cSad ,sls fdlh oxZ esa ugha vkrk gSA

[k½ xzqi laLFkkvksa dh lwph] tks ys[kk vkSj lesdu ds fofu;ked fo"k; {ks= nksuksa esa lesdu ds fy, fopkj.kh; ugÈ gSA ykxw ugÈek=kRed çdVhdj.kx½ ,slh xzqi laLFkkvksa dh lwph] tks lesdu ds fy, fopkj.kh; gS

ykxw ugÈ

?k½ lHkh lgk;d laLFkkvksa dh iwath dh deh dh dqy jkf'k ftUgsa lesdu ds fofu;ked fo"k; {ks= esa lfEefyr ugÈ fd;k x;k vFkkZr ftUgsa ?kVk;k x;k gS

ykxw ugÈ

M-½ chek laLFkkvksa esa yxh cSad ds leLr fgrksa dh og dqy jkf'k ¼vFkkZr pkyw cgh ewY;] tks tksf[ke Hkkfjr gSa½ ykxw ugÈp½ cSaÇdx lewg ds Hkhrj QaM ;k fofu;ked iwath ds varj.k ij dksÃ çfrcaèk ;k ckèkk ykxw ugÈ

rkfydk Mh ,Q 2& iwath i;kZIrrk

xq.kkRed çdVhdj.k

cSad us tksf[ke çcaèku vuqcaèk dk fØ;kUo;u djrs le; oSfÜod mPp&dksfV dh dk;Z&ç.kkyh dks viukus dh çfØ;k igys ls gh vkjEHk dj nh gS tksfd cklsy II rFkk cklsy III dh :ijs[kk ds vuq:i gSA

cklsy II rFkk cklsy III ls lacafèkr fofHkUu ekeyksa ij è;ku nsus ds fy, tksf[ke çcaèku dh O;kid ljapuk dk;Zjr gSA tksf[ke Hkkfjr vkfLr;ksa] cktkj tksf[ke rFkk çpkyu tksf[ke esa o`f) ds vklkj ds eísut+j cSad dh iwathxr vko';drkvksa dks vkadus ds fy, frekgh vkèkkj ij leh{kk dh tkrh gSA

cSad fgrèkkjdksa] [kkldj tekdrkZvksa ds fgrksa dh lqj{kk gsrq ,Dlikst+j dkjksckj vkfn ds ewY; esa gkfu ds tksf[ke ds fy, iwath dks xqatkb'k ds :i esa j[krk gSA

orZeku ,oa Hkkoh dkjksckj dk;Zdykiksa ds vkèkkj ij iwath vko';drkvksa dks fuèkkZfjr djus ds fy, cSad esa mfpr ç.kkyh dk;Zjr gS rFkk fujarj mldh fuxjkuh dh tkrh gSA cSad dk ekuuk gS fd iwath miyCèkrk laiw.kZ çfØ;k dk dsaæh; fo"k; gS vkSj bldh x.kuk dks uhfr] j.kuhfr] dkjksckj Lrj@la?kVu] i;Zos{kh ljksdkj ,oa çdVu eqíksa ls tksM+k tk ldrk gSA bl fn'kk esa cSad us vkarfjd iwath i;kZIrrk ewY;kadu çfØ;k ¼vkbdSi½ dk ,d vPNk <kapk fodflr dj fy;k gS rFkk LrEHk 1 ds varxZr iwath x.kuk ds vykok cklsy II ds LrEHk 2 ,oa cklsy III ds varxZr Hkh vkofèkd varjky ij iwath x.kuk dh tkrh gSA cSad us iw¡th i;kZIrrk ij çfrdwy ncko ifj–';ksa ds çHkko dks vkofèkd vkèkkj ij ekius ds fy, ncko tkap uhfr cuk;h gSA

Hkkjrh; fjt+oZ cSad ds fn'kk&funsZ'kksa ds vuq:i] cSad us u;s iwath i;kZIrrk <kapk & cklsy II dks ykxw djus ds fy, fuEufyf[kr voèkkj.kkvksa dks viuk;k gS %&

& _.k tksf[k+e ds fy, ekudh—r voèkkj.kk

& ifjpkyukRed tksf[k+e ds fy, ewy lwpd voèkkj.kk

& cktkj tksf[k+e ds fy, ekud vofèk voèkkj.kk

;|fi cSad us orZeku esa mijksä ekudh—r voèkkj.kkvksa dks viuk;k gS rFkkfi cSad vkarfjd Js.kh fuèkkZj.k vkèkkfjr –f"Vdks.k dks viukus dh fn'kk esa vxzlj jgsxkA

_.k tksf[ke gsrq iwathxr vko';drk,a %

jkf'k&#@ yk[kksa esa9% dh nj ls ekudh—r –f"Vdks.k ds vèkhu iksVZQksfy;ks 459441-87çfrHkwfrdj.k ,Dlikstj 'kwU;

Punjab & Sind Bank


BASEL- III DISCLOSURES – QUARTER ENDED 31st MARCH 2016

Table DF 1 – SCOPE OF APPLICATION

Qualitative Disclosures(a) List of group entities considered for consolidation

The Bank does not belong to any group

(b) List of group entities not considered for consolidation both under the accounting and regulatory scope of consolidation

Not Applicable

Quantitative Disclosures(c) List of group entities considered for consolidation

Not Applicable

(d) The aggregate amount of capital deficiencies in all subsidiaries which are not included in the regulatory scope of consolidation i.e. that are deducted

Not Applicable

(e) The aggregate amounts (e.g. current book value) of the bank’s total interests in insurance entities, which are risk-weighted. Not Applicable

(f) Any restrictions or impediments on transfer of funds or regulatory capital within the banking group Not Applicable

Table DF 2 - CAPITAL ADEQUACY


Bank is already geared up to adopt global best practices while implementing risk management stipulations that are in conformity with the Basel II and Basel III framework.

Comprehensive risk management architecture is in place to address various issues concerning Basel II and Basel III. A quarterly review is carried out to assess the capital need of the Bank, keeping in view the anticipated growth in Risk Weighted Assets, Market Risk and Operational Risk.

Bank maintains capital as a cushion towards the risk of loss in value of exposure, businesses, etc., to protect the interest of stake holders, more particularly, depositors.

Bank has system in place for assessing the capital requirements based on current and future business activities and monitoring the same on an ongoing basis. The bank considers that capital availability is the central theme in the whole process and its computation is relatable to policy, strategy, business level/composition, and Supervisory concern and Disclosure issues. Towards this, bank has evolved a well laid down Internal Capital Adequacy Assessment Process (I-CAAP) framework and carries out capital calculation under Pillar-2 of Basel II and also of Basel-III at periodical intervals besides Pillar 1 Capital calculation. The bank has formulated Stress Testing policy to measure impact of adverse stress scenarios on the adequacy of capital at periodical intervals.

In line with RBI guidelines, the bank has adopted following approaches for implementation of New Capital Adequacy Framework – Basel II.

- Standardised Approach for credit risk

- Basic Indicator Approach for operational risk

- Standardised Duration Approach for market risk

Though the bank has implemented the Standardized Approach of credit risk, yet the bank shall continue its journey towards adopting Internal Rating Based Approaches.

Capital requirements for credit risk:

Amt. in Lakhs

- Portfolios subject to standardised approach @ 9% 459441.87

- Securitisation exposures Nil

iatkc ,.M fla/ cSad


cktkj tksf[ke gsrq iwathxr vko';drk,a– ekudh—r vofèk –f"Vdks.k

lkekU; cktkj tksf[k+e ij iwath çHkkj jkf'k #-yk[kksa esaC;kt nj tksf[k+e 25064-63fons'kh fofue; tksf[k+e ¼lksus lfgr½ 120-00bfDoVh tksf[k+e 2770-47

ifjpkyu tksf[k+e gsrq iwathxr vko';drk,a

jkf'k :- yk[kksa esaewy lwpd –f"Vdks.k 32567-02

cSad gsrq dqy rFkk Vh;j&1 iwath vuqikr %

cklsy -III ds vuqlkj dqy iwath vkSj tksf[ke Hkkfjr vkfLr vuqikr 10-91%cklsy -III ds vuqlkj dkeu bfDoVh ds vuqlkj dqy iwath vkSj tksf[ke Hkkfjr vkfLr vuqikr 9-29%cklsy -III ds vuqlkj Vh;j-1 iwath vkSj tksf[ke Hkkfjr vkfLr vuqikr 9-29%

rkfydk Mh ,Q 3 & _.k tksf[k+e % lkekU; çdVhdj.k

xq.kkRed çdVhdj.k

d- fiNyk cdk;k ,oa vutZd [kkrksa dh ifjHkk"kk

cSad us xSj&fu"ikfnr vkfLr;ksa ¼,u-ih-,-½ ds oxÊdj.k ij Hkkjrh; fjt+oZ cSad }kjk tkjh ewy foosdiw.kZ fn'kk&funsZ'kksa dk fuEukuqlkj vuqikyu fd;k gS%

d½ tgka fe;knh _.k ds ekeys esa C;kt rFkk@vFkok ewyèku dh fd'r 90 fnu ls vfèkd vofèk ds fy, vfrns; jgrh gksA

[k½ ;fn cdk;k jkf'k] laLoh—r [email protected] 'kfä ls 90 fnu ls vfèkd le; rd fujarj vfèkd jgrh gSa rFkk@vFkok vfèkfod"kZ@udn _.k vks-Mh-@lh-lh- ds lacaèk esa rqyu&i= dh frfFk rd yxkrkj dksÃ jkf'k tek ugÈ gksrh gS vFkok tek dh x;h jkf'k mruh i;kZIr ugÈ gS fd bl vofèk ds nkSjku ukes fd, x, C;kt dks olwy fd;k tk lds rks [kkrk ^vfu;fer* gks tkrk gSA

x½ cSad }kjk [kjhns x, vkSj Hkquk, x, fcyksa ds ekeys esa tgka fcy 90 fnuksa ls vfèkd vofèk ds fy, vfrns; jgs gksaA

?k½ vYi vofèk dh Qlyksa ds fy, ewyèku dh fd'r vFkok ml ij C;kt ds fy, nks Qlyh ekSle rd vfrns; jgk gksA

M+½ nh?kZ vofèk dh Qlyksa ds fy, ewyèku dh fd'r vFkok ml ij C;kt ds fy, ,d Qlyh ekSle rd vfrns; jgk gksA

p½ çfrHkwfrdj.k ds fnukad 7 eÃ 2012 ds fn'kk&funsZ'kksa dh 'kÙkks± ds vuqlkj çfrHkwfrdj.k ysu&nsu ds lacaèk esa ;fn udnh lqfoèkk dh jkf'k 90 fnuksa ls vfèkd cdk;k jgrh gSA

N½ O;qRiUu lkSnksa ds ekeys esa] vfrns; çkfIr;ka tksfd O;qRiUu lafonk ds ldkjkRed cktkj vafdr ewY; dks çnÆ'kr djrh gSa] ;fn pqdkSrh dh fofuÆn"V ns; frfFk ls 90 fnuksa rd cdk;k jgrh gSaA

;gka ^vfu;fer* ls vfHkçk;% ,d [kkrs dks ^vfu;fer› ekuk tkuk pkfg, ;fn cdk;k jkf'k] laLoh—r [email protected] 'kfä ls fujarj vfèkd jgrh gSA mu ekeyksa esa tgk¡ eq[; ifjpkyu [kkrs esa cdk;k 'ks"k laLoh—r [email protected] 'kfä ls de jgrk gS ysfdu mlesa rqyu i= dh frfFk ds 90 fnuksa rd dksÃ tek,a ugh dh tkrh gSa ;k bl vofèk esa tek dh xÃ jkf'k ukes fd, x, C;kt dks olwy djus ds fy, de gSa rks bu [kkrksa dks ^vfu;fer*ekuk tk,xkA

;gka ^vfrns;* ls vfHkçk; fdlh Hkh _.k lqfoèkk ds vèkhu dksÃ Hkh ns; jkf'k ls gS] ftldk cSad }kjk fuèkkZfjr ns; frfFk ij] Hkqxrku ugÈ gksrk gSA

mä ds vfrfjä] ,d [kkrs dks fuEu 'krks± ds vuqlkj Hkh vutZd ¼,u-ih-,-½ oxÊ—r fd;k tk ldrk gS%&

vLFkk;h vfu;ferrkvksa@dfe;ksa okys [kkrs ¼lanHkZ vkjchvkbZ ,elh Çcnq 4-2-4½

tgka dgÈ fdlh frekgh ds nkSjku yxk;k x;k C;kt ml frekgh lekfIr ds 90 fnuksa ds Hkhrj iw.kZ :i ls vnk ugÈ gks tkrk vkSj mlls cSad ds fy, vÆtr gksus okyh vk; #d tk, rks ,sls [kkrs dks xSj&fu"ikfnr vkfLr ds :i esa oxÊ—r fd;k tk,xkA

Punjab & Sind Bank


Capital requirements for market risk: Standardised duration approach

Capital Charge on account of General Market Risk Amt. in Lakhs

- Interest rate risk 25064.63

- Foreign exchange risk (including gold) 120.00

- Equity risk 2770.47

Capital requirements for operational risk:

Amt. in Lakhs

Basic indicator approach 32567.02

Total and Tier 1 capital ratio for the Bank:

Total Capital to Risk Weighted Assets Ratio as per Basel III 10.91%

Common Equity Tier I Capital to Risk Weighted Assets Ratio as per Basel III 9.29%

Tier I Capital to Risk Weighted Assets Ratio as per Basel III 9.29%

Table DF 3 - CREDIT RISK : GENERAL DISCLOSURES


A. DEFINITIONS OF PAST DUE AND IMPAIRED:

The Bank follows the basic prudential guidelines issued by the RBI on classification of Non-Performing Asset (NPA) as under :

a) Interest and / or installment of principal remain overdue for a period of more than 90 days in respect of a term loan.

b) The account remains ‘out of order’ if the outstanding balance remains continuously in excess of sanctioned limit / DP for more than 90 days and / or there are no credits continuously for 90 days as on the date of Balance Sheet or credits are not enough to cover the interest debited during the same period, in respect of Overdraft/Cash Credit (OD/CC).

c) The bill remains overdue for a period of more than 90 days in the case of bills purchased and discounted.

d) The installment of principal or interest thereon remains overdue for two crop seasons for short duration crops.

e) The installment of principal or interest thereon remains overdue for one crop season for long duration crops.

f) The amount of liquidity facility remains outstanding for more than 90 days, in respect of a securitization transaction undertaken in terms of guidelines on securitization dated May 7, 2012.

g) In respect of derivative transactions, the overdue receivables representing positive mark-to-market value of a derivative contract, if these remains unpaid for a period of 90 days from the specified due date for repayment.

Out of Order means : An account should be treated as 'out of order' if the outstanding balance remains continuously in excess of the sanctioned limit/drawing power. In cases where the outstanding balance in the principal operating account is less than the sanctioned limit/drawing power, but there are no credits continuously for 90 days as on the date of Balance Sheet or credits are not enough to cover the interest debited during the same period, these accounts should be treated as 'out of order'.

Here, Òverdue’ mean any amount due to the Bank under any credit facility, if it is not paid on the due date fixed by the Bank.

In addition to above, an account may also be classified as NPA in terms of the following:

Account with temporary deficiencies/irregularities (Refer RBI MC point 4.2.4)

Where the interest charged during any quarter is not serviced fully within 90 days from the end of the quarter, the account is classified as Non-performing asset and ceases to generate income for the bank.

iatkc ,.M fla/ cSad


,d vkfLr dk xSj&fu"ikfnr vkfLr ds :i esa oxÊdj.k olwyh ds fjdkMZ ij vkèkkfjr gksuk pkfg,A cSad dks ,d vfxze [kkrs dk oxÊdj.k dsoy dqN folaxfr;ksa ds gksus ij ugh djuk pkfg, tksfd Lo:i esa vLFkk;h gksrh gSa tSls vafre miyCèk LV‚d fooj.kh ds vkèkkj ij i;kZIr vkgj.k 'kfä dk miyCèk ugh gksuk] vLFkk;h :i ls fyfeV ls vfèkd cdk;k cSysal gksuk] LV‚d fooj.kh dks çLrqr ugh djuk rFkk ns; frfFk ij fyfeV dk xSj&uohuhdj.k vkfnA [kkrksa dh ,slh folaxfr;ksa ds lkFk oxÊdj.k ds ekeys esa] cSad fuEu fn'kk&funsZ'kksa dk vuqikyu dj ldrs gSa%

i) cSadksa dks lqfuf'pr djuk pkfg, fd dk;Z'khy iwath [kkrksa esa vkgj.k dks pkyw vkfLr;ksa dh i;kZIrrk ls doj fd;k tk, tSlk fd vkink ds le; pkyw vkfLr;ksa dks igys lek;ksftr fd;k tkrk gSA orZeku LV‚d fooj.kh ij vkgj.k 'kfä dk fuèkkZj.k djuk pkfg,A rFkkfi] cM+s _f.k;ksa dh dfBukÃ;ksa ij fopkj djrs gq,] vkgj+.k 'kfä dk fuèkkZj.k djrs le;] LV‚d foojf.k;ka rhu eghus ls vfèkd iqjkuh ugh gksuh pkfg,A rhu eghus ls vfèkd iqjkuh LV‚d fooj.kh ij fuèkkZfjr vkgj.k 'kfä ij vkèkkfjr cdk;k jkf'k ds fuèkkZj.k dks vfu;fer ekuk tk;xkA

,d dk;Z'khy iwath [kkrk xSj&fu"iknd gks tk;xk ;fn [kkrs esa yxkrkj 90 fnuksa dh vofèk ds fy, ,slh vfu;fer vkgj.k 'kfä dh Loh—fr nh tkrh gS pkgs bdkÃ dk;Z dj jgh gks vFkok _.kh dh foÙkh; fLFkfr larks"ktud gksA

ii) fu;fer rFkk ,deq'r _.k lhekvksa dks ns; frfFk@,deq'r laLoh—fr dh frfFk ls rhu eghus igys iqulZeh{kk@fu;fer fd;k tkuk vko';d gSA O;oèkkuksa ds ekeys esa tSls _f.k;ksa ls foÙkh; fooj.kh;ksa dh vkSj vU; vkadM+ksa dh vuqiyCèkrk ij 'kk[kk dks lk{; çLrqr djuk gksxk fd _.k fyfeVksa dk uohuhdj.k@leh{kk igys ls gh py jgh gS vkSj mldks tYn gh iw.kZ dj fy;k tk;xkA fdlh Hkh ekeys esa] lkekU; vuq'kklu ds rkSj ij] N% eghus ls vfèkd dk foyac visf{kr ugh gSA vr%] ,d [kkrs esa tgk¡ fu;fer@,deq'r fyfeVksa dks ns; frfFk@,deq'r laLoh—fr dh frfFk ls 180 fnuksa ds vanj iqulZeh{[email protected] ugh fd;k x;k gS] dks xSj&fu"iknd vkfLr ekuk tk;xkA

mä ds vfrfjä] cSad vkfLr;ksa ds oxÊdj.k ds lacaèk esa Hkkjrh; fjt+oZ cSad }kjk tkjh fuEu fn'kk&funsZ'kksa dk Hkh ikyu dj jgk gSA ¼d½ iqulZjafpr [kkrs ¼[k½ dkykrhr vofèk dh dk;kZUo;u ds varxZr ifj;kstuk ¼x½ iksr ynkuksÙkj vkiwÆrdrkZ _.k ¼?k½ fu;kZr ifj;kstuk foÙk ¼³½ vfèkxzg.k foÙk ¼p½ ljdkjh xkjaVh—r vfxze ¼N½ ch-vkÃ-,Q-vkj-@Vh-,y-vkÃ- }kjk vuqeksfnr iquokZl ds varxZr vfxze ¼>½ _.k ekQh ,oa _.k jkgr ;kstuk 2009 ds vèkhu fy;k x;k _.k ¼V½ foÙkh; vkfLr;ksa dks çfrHkwfrdj.k daiuh@iquÆuekZ.k daiuh dks cspuk ¼B½ xSj&fu"ikfnr foÙkh; vkfLr;ksa dk Ø;&foØ; ¼<½ [kkrksa dk mUu;u ¼.k½ rqyu&i= dh frfFk ds lehi fu;fer fd, x, [kkrs] vkfnA

[k- _.k tksf[ke çcaèku rFkk mís'; %

_.k tksf[ke çcaèku foHkkx dk eq[; mís'; cSad ds _.k tksf[ke dkjksckj dh çHkkoh igpku] ewY;kadu] ifjekiu rFkk çcaèku ds fy,] cSad dh tksf[ke {kerk ds lacaèk esa visf{kr lhek rd bls fu;af=r djuk rFkk miyCèk iwath ds vuq:i ykuk gSA bl çfØ;k dks djrs gq, cSad ds _.k tksf[ke n'kZu dk y{; tksf[ke esa deh ykuk rFkk mls ml Lrj ds Hkhrj cuk, j[kuk gS tksfd fgr èkkjdksa dks bfDoVh lfgr cSad ds foÙkh; lalkèkuksa dh lqj{kk lqfuf'pr djus ds lkFk&lkFk cSad dk lrR k~ ,oa lq–<+ fodkl Hkh lqfuf'pr djrk gSA

_.k tksf[ke cSad dh ;kstukxr uhfr & _.k tksf[ke %

cSad dh foLr`r ,oa lqifjHkkf"kr _.k uhfr gS] ftlesa uhfrxr vk;kstuk ds fofHkUu vk;ke 'kkfey gSaA _.k dkjksckj rFkk lkekU; vkÆFkd ,oa cktkj ifj–'; ds vuq:i vfxze fuos'k lwph esa ifjorZuksa dh vis{kkvksa ij fuHkZj djrs gq, cSad le;-le; ij _.k-uhfr dh iqujh{kk djrk gSA cSad dh _.k-uhfr o"kZ esa de ls de ,d ckj funs'kd e.My }kjk O;kid leh{kk ds Hkh vè;kèkhu gSA cSad dh _.k uhfr esa vU; ckrksa ds lkFk fuEufyf[kr ?kVdksa dk Hkh è;ku j[kk tkrk gS%-

Û fofHkUu m|ksx ?kVdksa rFkk _.kdrkZ Jsf.k;ksa esa rdZlaxr lhek dk fuèkkZj.k ,oa fu;a=.kA

Û _.k jsÇVx rFkk@vFkok fjVsy ?kVdksa ls laca) tksf[ke :ijs[kk ij vkèkkfjr ewY;kaduA

Û _.kksa ds ewY;kadu] Loh—fr rFkk fuxjkuh ,oa _.k ds laforj.k dh çfofèk;ksa ds fy, çfØ;k ,oa ç.kkyh ls lacafèkr ekxZn'kÊ funsZ'kA

Û _.k jsÇVx ÝseodZA

Û fujh{k.k ra= rFkk fofu;ked ,oa uhfrxr ekxZn'kÊ funsZ'kksa dk vuqikyuA

Punjab & Sind Bank


The classification of an asset as NPA should be based on the record of recovery. Bank should not classify an advance account as NPA merely due to the existence of some deficiencies which are temporary in nature such as non-availability of adequate drawing power based on the latest available stock statement, balance outstanding exceeding the limit temporarily, non-submission of stock statements and non-renewal of the limits on the due date, etc. In the matter of classification of accounts with such deficiencies banks may follow the following guidelines:

i) Banks should ensure that drawings in the working capital accounts are covered by the adequacy of current assets, since current assets are first appropriated in times of distress. Drawing power is required to be arrived at based on the stock statement which is current. However, considering the difficulties of large borrowers, stock statements relied upon by the banks for determining drawing power should not be older than three months. The outstanding in the account based on drawing power calculated from stock statements older than three months, would be deemed as irregular.

A working capital borrowal account will become NPA if such irregular drawings are permitted in the account for a continuous period of 90 days even though the unit may be working or the borrower's financial position is satisfactory.

ii) Regular and ad hoc credit limits need to be reviewed/ regularised not later than three months from the due date/date of ad hoc sanction. In case of constraints such as non-availability of financial statements and other data from the borrowers, the branch should furnish evidence to show that renewal/ review of credit limits is already on and would be completed soon. In any case, delay beyond six months is not considered desirable as a general discipline. Hence, an account where the regular/ ad hoc credit limits have not been reviewed/ renewed within 180 days from the due date/ date of ad hoc sanction will be treated as NPA.

Besides above, Bank also follows the guidelines issued by RBI in respect of classification of assets under a) Restructured accounts, b) Project under implementation involving time overrun, c) Post shipment Suppliers’ Credit. d) Export Project Finance, e) Take over Finance, f) Govt. guaranteed Advance, g) Advance under Rehabilitation approved by BFIR / TLI, h) Advances under Debt Waiver & Debt Relief Scheme 2009, i) Sale of Financial Assets to Securitization Company /Reconstruction Company, j) Purchase/ Sale of Non-Performing Financial Assets, k) Up-gradation of accounts, l) Accounts regularized near about the Balance Sheet date etc.

B. CREDIT RISK MANAGEMENT AND OBJECTIVES:

The main objective of Credit Risk Management Department is to effectively identify, assess, measure, and manage the credit risk exposure of the Bank, with a view to contain it within desired limits in relation to the risk appetite of the Bank and commensurate with the availability of Capital. In doing so, the Bank's Credit Risk philosophy aims at minimizing risk and maintaining it within the levels which shall ensure safety of the Bank's financial resources, including stakeholders' equity and, at the same time, also ensure a steady and healthy financial growth.

STRATEGIC POLICY OF THE BANK - CREDIT RISK:

The Bank has a comprehensive and well defined Loan Policy which covers various aspects of strategic planning. The loan policy of the Bank is reviewed from time to time, depending on requirements of the changes in loan portfolio and general economic and market scenario. The loan policy is also subjected to a comprehensive review by the Board at least once a year. The loan policy of the Bank addresses, among other things:

• Exposure ceilings and prudential caps in different industry segments and borrower categories.

• Pricing based on risk profile linked to credit ratings and/or retail segments.

• Guidelines relating to procedures and systems for appraisal, sanction, and monitoring of loans and modes of dispensation of credit.

• Credit Rating framework.

• Inspection mechanism and compliance of regulatory and policy guidelines.

iatkc ,.M fla/ cSad


_.k&tksf[ke çcaèku lxBukRed <+k¡pk %

Û _.k tksf[k+e çcaèku dk;ks± ds fy, cSad ds laxBukRed <+kaps ds 'kh"kZLFk Lrj ij funs'kd&e.My gS] tks tksf[k+e çcaèku dkjksckj ij iwjh fuxjkuh j[krk gSA

Û tksf[k+e çcaèku lfefr ¼vkj-,e-lh-½ tks fd vè;{k ,oa çcaèk funs'kd dh vè;{krk esa e.My dh ,d mi lfefr gS] _.k tksf[k+e lfgr lefUor tksf[ke çcaèku ds fy, uhfr ,oa j.kuhfr rS;kj djrh gSA

Û ifjpkyu Lrj ij] _.k tksf[k+e çcaèku lfefr ¼lh-vkj-,e-lh-½ _.k tksf[ke dk çcaèku djrh gSA blds eq[; dk;ks± esa funs'kd e.My }kjk vuqeksfnr _.k tksf[k+e çcaèku uhfr;ksa dk cSad O;kih vkèkkj ij dk;kZUo;u rFkk funs'kd&e.My dks _.k tksf[ke çcaèku lacafèkr] _.k tksf[ke dh foosdiw.kZ lhek,a] iksVZQksfy;ksa çcaèku] _.k-mRiknksa vkfn ls lacafèkr lHkh uhfr;ksa ds vuqeksnu gsrq laLrqfr 'kkfey gSA cSad esa _.k vuqeksnu dh çfØ;k dk <k¡pk cuk gqvk gS vkSj ;g ekudh—r gS] ftlesa _.k vkdyu dh O;kid çfØ;k 'kkfey gSA fdlh Hkh foÙk iks"k.k çLrko ds lkFk tqM+s _.k tksf[ke ds vkdyu djus gsrq cSad _.kh rFkk çklafxd m|ksxksa ds fofoèk _.k tksf[k+eksa dk vkdyu djrk gSA

Û egkçcaèkd dh vè;{krk esa tksf[ke çcaèku foHkkx ¼vkj-,e-Mh-½ funs'kd e.My }kjk fuèkkZfjr lhekvksa ds Hkhrj cSad O;kih vkèkkj ij _.k tksf[k+e dk ifjekiu] fu;a=.k ,oa çcaèku djrk gS vkSj funs'kd e.My @tksf[ke çcaèku lfefr@_.k tksf[ke çcaèku lfefr }kjk fuèkkZfjr tksf[ke ekin.Mksa ds vuqikyu dks ykxw djrk gSA bl nkf;Ro ds fuokZgu esa tksf[ke çcaèku foHkkx ds fofHkUu d{k ;Fkk _.k tksf[ke çcaèku d{k] cktkj tksf[ke çcaèku d{k ¼¼,-,y-,e- ,oe~ feM v‚fQl-½] rFkk lapkyuxr tksf[ke çcaèku d{k bldh enn djrs gSaA

Û egkçcaèkd ds fu;a=.kkèkhu fujh{k.k foHkkx ds lkFk-lkFk _.k fuxjkuh foHkkx] _.kksa dh xq.koÙkk ij fuxjkuh] leL;kvksa dh igpku djuk rFkk dkfe;ksa dks nwj djus dk mik; djrk gSA _.kksa dk iqujh{k.k@_.kksa dh ys[kk ijh{kk dk dk;Z _.k ys[kk ijh{kk ds :i esa vyx ls fd;k tkrk gSA

_.k tksf[ke çcaè[email protected] ds fy, ç;qDr lkèku

Û _.k vuqeksnu drkZ çkfèkdkjh 'kfä;ksa dk çR;k;kstuA cSad dh cgqfoèk tksf[k+e vkèkkfjr vuqeksnu ç.kkyh ds Hkhrj 'kfä;ksa ds çR;k;kstu dh ,d lqifjHkkf"kr ;kstuk fo|eku gS] ftldh tc dHkh vko';drk gks] O;olkf;d vko';drkvksa dh ckè;rkvksa dks iwjk djus ds fy, le;-le; ij iqujh{kk dh tkrh gSA

Û fofHkUu Lo:i ds _.kdrkZvksa ds fy, ,dy@lewg _.k lqfoèkkvksa tSlh _.k@fuos'k ds fofHkUu igyqvksa ij rdZlaxr _.k lhek,a çpyu esa gSaA

Û tksf[k+e] jsÇVx@ewY;kadu&cSad us fofHkUu ?kVdksa ds fy, jsÇVx e‚My ykxw fd, gq, gSa] tks çfri{k ds cgqfoèk tksf[ke dkjdksa ds ,dy fcUnq lwpd ds :i esa dk;Z djrs gSa rFkk _.k ewY;kadu fu.kZ;ksa esa ennxkj gksrs gSaA

Û _.k cgh dh xq.koÙkk ds lrR ewY;kadu rFkk _.k ç'kklu esa xq.kkRed lqèkkj ds fy, _.k ys[kk ijh{kk@_.k iqujh{k.k i)fr ,d çHkkoh midj.k gSA

Û lafoHkkx çcaèku & 'kq:vkrh nkSj esa cSad us ,d lkèkkj.k lafoHkkx fuxjkuh ÝseodZ ykxw fd;k gSA Hkfo"; esa cSad vR;kèkqfud lafoHkkx çcaèku e‚My dks ykxw djsxkA

Û cSad _.k tksf[keksa] ftuds fo#) os vuko`Ùk gSa] dks de djus ds fy, dÃ çdkj dh laikf'oZdksa vkSj rduhdksa dks Lohdkj djrk gS] c'krsZ laikf'oZd dkuwuh :i ls ykxw djus ;ksX; gSa rFkk ckè;rkèkkjh dh pwd ;k _.k foijhr ifjfLFkfr;ksa ds mRiUu gksus ds ekeys esa laikf'oZd vkfLr;ksa dks cspus ds ckn çkIr gksus okyh çkfIr;ksa ij cSad dks nkok djus dh çkFkfedrk gSA

tksf[ke vkadyu %&

orZeku esa _.k tksf[k+e dks O;fäxr Lrj ij _.k nj rFkk iksVZQksfy;ks Lrj ij tksf[ke Hkkfjr vkfLr;ksa ds ekè;e ls fuèkkZfjr fd;k x;k gS rFkk iwath dks tksf[ke Hkkj vkèkkj ij O;ofLFkr fd;k x;k gSA

dqy ldy _.k tksf[ke dk ,Dlikst+j

Js.kh jkf'k :-@yk[kksa esa1 fufèk vkèkkfjr _.k jkf'k dk ,Dlikst+j 6527721-842 xSj fufèk vkèkkfjr _.k jkf'k dk ,Dlikst+j 426817-47

Punjab & Sind Bank


CREDIT RISK MANAGEMENT ARCHITECTURE:

• The organizational structure of the Bank for Credit Risk Management function has the Board of Directors at the Apex level that has the overall oversight of management of risks.

• The Risk Management Committee (RMC) which is the sub-committee of the Board headed by the Chairman & Managing Director devises the policy and strategy for integrated risk management including credit risk.

• At the operational level, the Credit Risk Management Committee (CRMC) manages the credit risk. The main function includes implementation of credit risk management policies approved by the Board, monitoring credit risk on a bank wide basis, recommending to the board for its approval all policies relating to credit risk management, prudential limits on credit exposures, portfolio management, loan products etc. There is a structured and standardized credit approval process including a comprehensive credit appraisal procedure. In order to assess the credit risk associated with any financing proposal, the Bank assesses a variety of risks relating to the borrower and the relevant industry.

• The Risk Management Department (RMD) headed by the General Manger, measures, controls and manages credit risk on bank wide basis within the limits set by the Board and enforces compliance with risk parameters set by Board/RMC/CRMC. The RMD is duly supported by Credit Risk Management Cell, Market Risk Management Cell, Mid office and Operations Risk Management Cell.

• The Inspection Department as well as Credit Monitoring Department headed by a General Manager monitor the quality of loan portfolio identifies problems and takes steps to correct deficiencies. Loan review / credit audit is undertaken by the Credit Audit function.

TOOLS USED FOR CREDIT RISK MANAGEMENT / MITIGATION

• Credit Approving Authority – Delegation of Powers. The Bank has a well-defined scheme of delegation of powers with a multi-tier risk based approving system, which is reviewed periodically and revised as and when necessary to meet the compulsions of business environment.

• Prudential Limits on various aspects of credit / investment like Single / Group borrower limits for various types of borrowers are in place.

• Risk Rating/Pricing - The bank has introduced rating models for various segments, which serve as a single point indicator of diverse risk factors of a counter party and support credit and pricing decisions.

• Credit Audit/Loan review mechanism is an effective tool for constantly evaluating the quality of loan book and to bring about qualitative improvements in credit administration

• Portfolio Management - to start with, the bank has introduced a simple portfolio-monitoring framework. Going forward the bank will be graduating to a more sophisticated Portfolio Management model.

• The Bank accepts a range of collaterals and techniques to mitigate the credit risks to which they are exposed to, provided the collaterals are legally enforceable and the Bank has a priority claim on the sale proceeds of the collaterised assets in the case of obligor’s default or occurrence of adverse credit events.

RISK MEASUREMENT

At present Credit Risk is assessed through Risk rating at the individual level and through Risk Weighting of the assets at the portfolio level and capital is maintained based on Risk Weights.

Total gross credit risk exposures

Category Amt. in Lakhs

1 Fund Based Credit Exposures 6527721.84

2 Non Fund Based Credit Exposures 426817.47

iatkc ,.M fla/ cSad


_.k jkf'k dk HkkSxksfyd forj.k

Js.kh jkf'k :-@yk[kksa esa1 fons'kh

fufèk vkèkkfjr _.k jkf'k dk çdVhdj.k'kwU;

xSj fufèk vkèkkfjr _.k jkf'k dk çdVhdj.k 'kwU;2 ns'kh

fufèk vkèkkfjr _.k jkf'k dk çdVhdj.k6527721-84

xSj fufèk vkèkkfjr _.k jkf'k dk çdVhdj.k 426817-47

,Dlikst+j dk m|ksxokj forj.k jkf'k :-@yk[kksa esa

m|ksx fufèkd xSj&fufèkd dqy

d- [kk|kUu rFkk mR[kuu 17357-31 10845-53 28202-84d-1 dks;yk@gkMZ fyxukÃV@ihV 424-81 9162-17 9586-98d-2 vU; [kk|kUu 16932-50 1683-36 18615-86[k- [kk| çlaLdj.k 89983-20 1037-93 91021-13[k-1phuh 18910-64 260-99 19171-63[k-2 [kk| rsy vkSj ouLifr 11478-50 5-50 11484-00[k-3 pk; 1348-39 0-00 1348-39[k-4 d‚Qh 5-11 0-00 5-11[k-5 vU; [kk| çlaLdj.k 58240-55 771-44 59011-99x- csojst ,oa rackdw 42478-93 1891-26 44370-19x-1 rackdw ,oa rackdw mRikn 52-81 0-00 52-81x-2 csojst ,oa rackdw vU; 42426-12 1891-26 44317-38?k- diM+k m|ksx 142498-02 1043-65 143541-67?k-1 d‚Vu 89130-08 17-24 89147-32?k-1-1 fLiÇux 83816-54 17-24 83833-78?k-2 twV 272-80 0-00 272-80?k-2-1 fLiÇux 148-26 0-00 148-26?k-3 gSaMhØk¶V@[kknh ¼,uih,l½ 2193-55 2-68 2196-23?k-3-1 ÇLiÇux 512-14 0-00 512-14?k-4 flYd 4462-20 465-64 4927-84?k-4-1 fLiÇux 3358-50 0-00 3358-50?k-5 owyu 1445-95 2-23 1448-18?k-5-1 ÇLiÇux 777-46 2-23 779-69?k-6 diM+k mèkksx vU; 44993-43 555-86 45549-29M+- peM+k&peM+k mRikn 10813-88 293-31 11107-19p-ydM+h ,oa ydM+h mRikn 6792-76 303-63 7096-39N- dkxt rFkk dkxt mRikn 25107-04 875-71 25982-75t- iSVªks@dks;yk@ukHkdh; b±èku 45447-18 51-51 45498-69

Punjab & Sind Bank


Geographic distribution of exposures

Category Amt. in Lakhs1 Overseas

- Fund Based Credit ExposuresNIL

- Non Fund Based Credit Exposures NIL2 Domestic

- Fund Based Credit Exposures 6527721.84- Non Fund Based Credit Exposures 426817.47

INDUSTRY TYPE DISTRIBUTION OF EXPOSURES Amt. in Lakhs

INDUSTRY FUNDED NON FUNDED TOTALA. MINING & QUARRYING 17357.31 10845.53 28202.84A.1 COAL/HARD LIGNITE/PEAT 424.81 9162.17 9586.98A.2 MINING OTHERS 16932.50 1683.36 18615.86B.FOOD PROCESSING 89983.20 1037.93 91021.13B.1 SUGAR 18910.64 260.99 19171.63B.2 EDIBLE OILS & VANASPATI 11478.50 5.50 11484.00B.3 TEA 1348.39 0.00 1348.39B.4 COFFEE 5.11 0.00 5.11B.5 FOOD PROC.- OTHERS 58240.55 771.44 59011.99C.BEVERAGES & TOBACCO 42478.93 1891.26 44370.19C.1 TABACCO & TOBACCO PROD. 52.81 0.00 52.81C.2 BEVERAGES & TOBACCO-OTHERS 42426.12 1891.26 44317.38D.TEXTILES 142498.02 1043.65 143541.67D.1 COTTON 89130.08 17.24 89147.32D.1.1 Out of above SPINNING 83816.54 17.24 83833.78D.2 JUTE 272.80 0.00 272.80D.2.1 Out of above SPINNING 148.26 0.00 148.26D.3 HANDICRAFT/KHADI (NPS) 2193.55 2.68 2196.23D.3.1 Out of above SPINNING 512.14 0.00 512.14D.4 SILK 4462.20 465.64 4927.84D.4.1 Out of above SPINNING 3358.50 0.00 3358.50D.5 WOOLEN 1445.95 2.23 1448.18D.5.1 Out of above SPINNING 777.46 2.23 779.69D.6 TEXTILE-OTHERS 44993.43 555.86 45549.29E.LEATHER & LEATHER PRODUCTS 10813.88 293.31 11107.19F.WOOD & WOOD PRODUCTS 6792.76 303.63 7096.39G.PAPER & PAPER PRODUCTS 25107.04 875.71 25982.75H.PETRO./COAL/NUCLEAR FUELS 45447.18 51.51 45498.69

iatkc ,.M fla/ cSad


m|ksx fufèkd xSj&fufèkd dqy

>-jlk;u ,oa jlk;u mRikn 33099-15 375-61 33474-76>-1 QVÊykbtj 6801-00 0-00 6801-00>-2 MªX l ,oa QkekZ 21633-20 35-64 21668-84>-3 iSVªks&jlk;u 1508-05 34-67 1542-72>-4 jlk;u ,oa jlk;u mRikn 3156-90 305-30 3462-20V- jcM+] IykfLVd ,oa blds mRikn 17387-99 2612-80 20000-79B- dkap ,oa blds cus mRikn 1064-25 3-60 1067-85M- lhesaV&lhesaV mRikn 20258-99 7965-65 28224-64<+- ewy èkkrw&èkkrw mRikn 236654-72 3791-96 240446-68<+-1 yksgk vkSj LVhy 195804-65 763-93 196568-58<+-2 vU; èkkrw rFkk èkkrw mRikn 40850-07 3028-03 43878-10.k- leLr bathfu;Çjx 35270-42 6657-66 41928-08.k-1 bySDVªkfuDl 1618-51 164-56 1783-07.k-2 leLr bathfu;Çjx &vU; 33651-91 6493-10 40145-01r- okgu@okgu dyiqtsZ@VhihVh vkStkj 16658-06 11747-18 28405-24Fk- jru vkSj vkHkw"k.k 46576-17 107289-85 153866-02n- fuekZ.k 66586-82 37507-35 104094-17èk- ewyHkwr vko';d rRo 1550537-91 46662-29 1597200-20èk-1 VªkaliksVZ 300386-95 31460-41 331847-36èk-1-1 jsyos 11549-40 17988-73 29538-13èk-1-2 jksMost 195110-92 12868-08 207979-00èk-1-3 vU; 11527-83 542-89 12070-72èk-1-4 okVjost 5976-90 60-71 6037-61èk-1-5 vU; 76221-91 0-00 76221-91èk-2 ÅtkZ 956048-91 12431-22 968480-13èk-2-1 bySDVªkfuDl ¼lkek-@Vhvkj,e,u@MhVhch½ 956011-70 12370-35 968382-05èk-2-2 rsy ¼,lVhvkjth@ikbiykÃu½ 37-21 60-87 98-08èk-2-3 xSl ,y,uth 0-00 0-00 0-00èk-3 Vsyh dE;wfuds'ku 1407-87 1023-06 2430-93èk-4 ewyHkwr vko';d rRo&vU; 292694-18 1747-60 294441-78èk-4-1 okVj lSfuVs'ku 50476-88 977-28 51454-16èk-4-2 lkekftd vkSj dE;wfuds'ku 242217-30 770-32 242987-62u- vU; m|ksx 13129-92 1001-30 14131-22i- vof'k"V 4110019-10 184859-70 4294878-80i- d f'k{k _.k 24530-88 24-00 24554-88i-[k-mì;u {ks= 75468-84 0-00 75468-84vU; 4010019-38 184835-70 4194855-08dqy ;ksx 6527721-84 426817-48 6954539-32

Punjab & Sind Bank


INDUSTRY FUNDED NON FUNDED TOTALI.CHEMICALS & CHEMICAL PROD. 33099.15 375.61 33474.76I.1 FERTILISERS 6801.00 0.00 6801.00I.2 DRUGS AND PHARMA. 21633.20 35.64 21668.84I.3 PETRO-CHEMICALS 1508.05 34.67 1542.72I.4 CHEMICALS & CHEMICAL PROD.- OTHERS 3156.90 305.30 3462.20J.RUBBER,PLASTIC & ITS PROD. 17387.99 2612.80 20000.79K.GLASS & GLASSWARE 1064.25 3.60 1067.85L.CEMENT AND CEMENT PROD. 20258.99 7965.65 28224.64M.BASIC METAL & METAL PROD. 236654.72 3791.96 240446.68M.1 IRON & STEEL 195804.65 763.93 196568.58M.2 OTHER METAL & METAL PROD. 40850.07 3028.03 43878.10N.ALL ENGINEERING 35270.42 6657.66 41928.08N.1 ELECTRONICS 1618.51 164.56 1783.07N.2 ALL ENGG. - OTHERS 33651.91 6493.10 40145.01O.VEHCLES/V.PARTS/TPT.EQPM. 16658.06 11747.18 28405.24P.GEMS & JEWELLARY 46576.17 107289.85 153866.02Q.CONSTRUCTIONS 66586.82 37507.35 104094.17R.INFRASTRUCTURE 1550537.91 46662.29 1597200.20R.1 TRANSPORT 300386.95 31460.41 331847.36R.1.1 -RAILWAYS 11549.40 17988.73 29538.13R.1.2 -ROADWAYS 195110.92 12868.08 207979.00R.1.3 -OTHERS 11527.83 542.89 12070.72R.1.4 -WATERWAYS 5976.90 60.71 6037.61R.1.5 -OTHERS 76221.91 0.00 76221.91R.2 ENERGY 956048.91 12431.22 968480.13R.2.1 -ELEC(GEN/TRMN/DTB) 956011.70 12370.35 968382.05R.2.2 -OIL (STRG/PIPELINES) 37.21 60.87 98.08R.2.3 -GAS/LNG STRG/PIPELINE 0.00 0.00 0.00R.3 TELECOMMUNICATION 1407.87 1023.06 2430.93R.4 INFRA-OTHERS 292694.18 1747.60 294441.78R.4.1 -WATER SANITATION 50476.88 977.28 51454.16R.4.2 -SOCIAL & COMM. 242217.30 770.32 242987.62S.OTHER INDUSTRIES 13129.92 1001.30 14131.22T.RESIDUARY 4110019.10 184859.70 4294878.80T.a EDUCATION LOAN 24530.88 24.00 24554.88T.b AVIATION SECTOR 75468.84 0.00 75468.84T.c OTHERS 4010019.38 184835.70 4194855.08GRAND TOTAL 6527721.84 426817.48 6954539.32

iatkc ,.M fla/ cSad


mYys[kuh; ,Dlikst+j

m|ksx tgka dqy vkèkkfjr ,Dlikst+j] dqy fufèk vkèkkfjr rFkk xSj fufèk vkèkkfjr _.k tksf[ke ds 5% ls vfèkd gSA jkf'k& :@yk[kksa esa

Øe la0 m|ksx ,Dlikst+j1 cqfu;knh lqfoèkk,a 1597200-202 vof'k"V 4294878-80

vkfLr;ksa dk vfof'k"V lafonkxr ifjiDork fodkj jkf'k& :@yk[kksa esa

vofèk iw.kZ gksus dk Lo:i( le;kofèk

_.k ,oa tksf[ke

fuos'k ¼cgh ewY;½

fons'kh eqæk tek jkf'k;ka mèkkjns;rk,a vkfLr;ka

vxyk 1 fnu 169878 000 2988 26787 100290 0002 fnu ls 7 fnu 126566 25480 106 684 116127 795008 fnu ls 14 fnu 159327 27503 1640 1645 118072 00015 fnu ls 28 fnu 91442 000 440 4324 103152 00029 fnuksa ls 3 ekg 1254208 1000 2718 13887 1575604 700003 ekg ls vfèkd 6 ekg rd 259351 19903 3551 7436 951919 0006 ekg ls vfèkd 1 o"kZ rd 409827 50095 6287 00 2934212 0001 o"kZ ls vfèkd 3 o"kks± rd 1553505 448873 9480 000 1626386 19003 o"kks± ls vfèkd 5 o"kks± rd 1216550 278347 14632 19679 863235 0005 o"kks± ls vfèkd 1150954 1913304 000 000 735999 000dqy ;ksx 6391607 2764505 41842 74442 9124997 151400

,u&ih&,& dh jkf'k¼ldy½

Js.kh jkf'k&:i,@&yk[kksa esa1- voLrjh; 183611-022- lafnXèk 1 118085-553- lafnXèk 2 105314-964- lafnXèk 3 15411-655- gkfu 481-86

dqy 422905-04

fuoy%& ,u-ih-,- jkf'k& :-@yk[kksa esa

fuoy%& ,u-ih-, 294946-85

,u&ih&,&vuqikr

Js.kh çfr'kr1- ldy vfxze dk ldy ,u-ih-,- 6-48%2- fuoy vfxze dk fuoy ,u-ih-,- 4-62%

Punjab & Sind Bank


Significant exposure:

Industry where the Total Exposure is more than 5% of Total Fund based and Non-fund based exposure:Amt. in Lakhs

S.No. Industry Exposure1 Infrastructure 1597200.202 Residuary 4294878.80

RESIDUAL CONTRACTUAL MATURITY BREAKDOWN OF ASSETS Amt. in Lakhs

Maturity Pattern's(Time Buckets)

Loans &Advances

Investments(Book Value)

Foreign CurrencyDeposits Borrowings

Liabilities AssetsNext 1 Day 169878 000 2988 26787 100290 0002 Days To 7 Days 126566 25480 106 684 116127 795008 Days To 14 Days 159327 27503 1640 1645 118072 00015 Days To 28 Days 91442 000 440 4324 103152 00029 Days To 3 Months 1254208 1000 2718 13887 1575604 70000Over 3 Months To 6 Months 259351 19903 3551 7436 951919 000Over 6 Months To 1 Year 409827 50095 6287 00 2934212 000Over 1 Year To 3 Years 1553505 448873 9480 000 1626386 1900Over 3 Years To 5 Years 1216550 278347 14632 19679 863235 000Over 5 Years 1150954 1913304 000 000 735999 000GRAND TOTAL 6391607 2764505 41842 74442 9124997 151400

Amount of NPAs (Gross)

Category Amt. in Lakhs1 Substandard 183611.022 Doubtful 1 118085.553 Doubtful 2 105314.964 Doubtful 3 15411.655 Loss 481.86

Total 422905.04

Net NPAs Amt. in Lakhs

Net NPAs 294946.85

NPA Ratios

Category Percent

1 Gross NPAs to Gross advances 6.48%

2 Net NPAs to Net advances 4.62%

iatkc ,.M fla/ cSad


,u&ih&,&¼ldy½ esa mrkj&p<+ko

jkf'k- :@yk[kksa esavFk'ks"k 308219-35tek 195991-86deh 81306-17bfr'ks"k 422905-04

,u&ih&,& gsrq çkoèkkuksa esa mrkj&p<+ko

jkf'k- :@yk[kksa esaØe

la[;kçkoèkku xSj fu"ikfnr vkfLr;ksa ds fy,

çkoèkkuçkjafHkd 'ks"k 104901

tek% o"kZ ds nkSjku fd, x, çkoèkku% 38867?kVk,a% vixzsM fd, x, [kkrs 3730

vfrfjä çkoèkkuks dks okfil ysuk@cêS [kkrs esa Mkyuk* 13367mi&;ksx ¼ch½ 17097bfr'ks"k 126671

cês [kkrs esa Mkys x, rFkk olwfy;ksa dk fooj.k tks vk; fooj.kh esa lhèks cqd fd, x, jkf'k- :@yk[kksa esa

rduhdh :i ls cês [kkrs esa Mkys x, _.kksa rFkk vfxzeksa ij C;kt 1586-64fofoèk vk; – rduhdh :i ls cês [kkrs esa Mkys x, [kkrksa esa olwyh 3380-92dqy 4967-56

xSj&fu"ikfnr fuos'kksa dh jkf'k

jkf'k- :@yk[kksa esaxSj&fu"ikfnr fuos'kksa dh jkf'k 5625-66

xSj&fu"ikfnr fuos'kksa ds fy, çkoèkkuksa dh jkf'k

jkf'k- :@yk[kksa esaxSj&fu"ikfnr fuos'kksa ds fy, çkoèkku 4305-66

fuos"k ij ewY; ºzkl gsrq çkoèkkuksa esa mrkj&p<+ko

jkf'k- :@yk[kksa esavFk 'ks"k 482-90o"kZ ds nkSjku fd, x, çkoèkku 1067-25cês [kkrs [kksyuk 'kwU;vfèkd çkoèkkuksa dk iqujkadu 1019-92bfr'ks"k 530-23

'kh"kZ m|ksxksa esa xSj&fu"ikfnr vkfLr;ksa dk fo'ys"k.kjkf'k&:@yk[kksa esa

m|ksx ldy xSj&fu"ikfnr vkfLr;ka xSj&fu"ikfnr vkfLr;ksa ds fy, çkoèkku 5 'kh"kZ m|ksxksa esa xSj&fu"ikfnr vkfLr;ka 366882-53 111431-09

Punjab & Sind Bank


Movement of NPAs (Gross)

Amt. in LakhsOpening Balance 308219.35Additions 195991.86Reductions 81306.17Closing Balance 422905.04

Movement of Provisions for NPAs Amt. in Lakhs

Sl.No Provision Provisions for NPAsOpening Balance 104901

Add Provisions made during the period (A) 38867Less: Upgraded Accounts 3730

Write-off/ Write-back of excess provisions 13367Sub- Total (B) 17097Closing Balance 126671

Details of write offs & recoveries that have been booked directly to the Income statementAmt. in Lakhs

Interest Income Recovered- Technically Written Off Cases 1586.64Miscellaneous Income-Recovery In Technical Write Off A/Cs 3380.92TOTAL 4967.56

Amount of Non-Performing Investments

Amt. in LakhsAmount of Non-Performing Investments 5625.66

Amount of provisions held for non-performing investments

Amt. in LakhsProvisions held for non-performing investments 4305.66

Movement of provisions for depreciation on investments

Amt. in LakhsOpening Balance 482.90Provisions made during the period 1067.25Write-off 0.00Write-back of excess provisions 1019.92Closing Balance 530.23

Major Industry Breakup of NPAAmt. in Lakhs

Industry Gross NPA Provision for NPANPA in Top 5 Industries 366882.53 111431.09

iatkc ,.M fla/ cSad


xSj&fu"ikfnr vkfLr;ksa rFkk çkoèkku dk Hkwxksy okj forj.k jkf'k&:@yk[kksa esa

m|ksx ldy xSj&fu"ikfnr vkfLr;ka xSj&fu"ikfnr vkfLr;ksa ds fy, çkoèkku ekud vfxzeksa ds fy, çkoèkku?kjsyw 422905-04 126671-10 46625-00fons'kh 0-00 0-00 0-00

rkfydk Mh-,Q-& 4 & _.k tksf[ke% ekudh—r –f"Vdks.k ds varxZr lafoHkkx dk çdVhdj.k

xq.kkRed çdVhdj.k

1- cSad us lh-vkj-,-vkj- ifjdyu gsrq ekudh—r –f"Vdks.k ds varxZr tksf[ke Hkkj fuèkkZj.k djus ds fy, fuEu Js.kh fuèkkZjd ,tsfUl;ksa dh lkekU; jsÇVx dk mi;ksx djuk vuqeksfnr fd;k gSA ?kjsyw nkoksa ds fy, fØfly] vkÃlhvkj,] bafM;k jsÇVx] fczdodZ] ,l,eÃvkj, rFkk ds;j ,oa vfuoklh d‚jiksjsV] fons'kh cSadksa rFkk fons'kh ljdkj ds nkoksa ds fy, ,l ,.M ih] fQp rFkk ewMht dks vuqeksfnr fd;k gSA

Hkkjrh; fjt+oZ cSad dh ifjHkk"kk ds vuqlkj bu leLr ,tsafl;ksa dk Js.kh fuèkkZj.k leLr çdkj ds _.k tksf[keksa ds fy, ç;ksx esa yk;k tk jgk gS] c'krs± cklsy&II ds varxZr lh-vkj-,-vkj- ifjdyu gsrq ekudh—r –f"Vdks.k ds varxZr tksf[ke Hkkj ds fy, Js.kh dk fuèkkZj.k fd;k tk jgk gksA

2- cSaÇdx cfg;ksa esa rqyukRed vkfLr;ksa ij vkèkkfjr Js.kh fuèkkZj.k ds vkèkkj ij lkoZtfud fuxZe ds varj.k ds fy, ç;ksx esa ykÃ xÃ çfØ;k Hkkjrh; fjtoZ cSad dh fofu;ked vfuok;Zrk ds vuq:i~ gSA Js.kh fuèkkZjd ,tsfUl;ksa }kjk çdkf'kr lkoZtfud Js.kh fuèkkZj.k mudh osclkÃV ij Hkh miyCèk gS] ftldk mís'; gsrq mi;ksx fd;k x;k gSA lEcfUèkr Js.kh fuèkkZjd ,tsUlh ds ekfld cqysfVu ds vuqlkj ykxw Js.kh rFkk ftldh de ls de xr 15 ekg esa ,d ckj leh{kk dh tk pqdh gS] dk bl mís'; gsrq ç;ksx fd;k x;k gSA

3- tg‚a çR;sd _.k tksf[k+e dk Js.kh fuèkkZj.k dsoy ,d vuqeksfnr Js.kh fuèkkZj.k ,tsUlh }kjk fd;k x;k gS] ds viokn dks NksM+dj] çfri{k fo'ks"k ij leLr _.k tksf[k+e ds fy, cSad us dsoy ,d ,tsUlh ds Js.kh fuèkkZj.k dk ç;ksx fd;k gS ;|fi bu _.k tksf[keksa dk ,d ls vfèkd ,tsfUl;ksa }kjk Js.khdj.k fd;k x;k gSA

4- tksf[ke Hkkj gsrq ik=rk ds fy, ;g lqfuf'pr fd;k tkrk gS fd ckgjh _.k ewY;kadu rFkk cSad }kjk mls çnÙk leLr Hkqxrku vFkkZr ewy jkf'k rFkk C;kt ds lEcUèk esa] _.k tksf[ke ,Dlikst+j dh iwjh jkf'k 'kkfey djrk gS rFkk çfrÇcfcr djrk gSA tksf[ke Hkkj ds fy, d‚jiksjsV xzqi esa ,d dEiuh ds fy, ckgjh fuèkkZj.k dk ç;ksx mlh xzqi dh vU; dEifu;ksa ds ckgjh fuèkkZj.k ds fy, ç;ksx ugÈ fd;k x;k gSA

5- vkfLr;k¡ ftudh lafonkxr ifjiDork ,d o"kZ ;k mlls de gS] ds fy, vYikofèk Js.kh fuèkkZj.k dk ç;ksx fd;k x;k gS tcfd vU; vkfLr;ksa ds fy, nh?kkZofèk Js.kh fuèkkZj.k dk ç;ksx fd;k x;k gSA udn mèkkj ,Dlikst+j ds fy, nh?kkZofèk Js.kh fuèkkZj.k dk ç;ksx fd;k x;k gSA

6- tgk¡ tkjhdrkZ dk ,d nh?kkZofèk ,Dlikst+j gS ftl ij ckgjh nh?kkZofèk Js.kh fuèkkZj.k ds vuqlkj 150 çfr'kr tksf[ke Hkkj vfHk"V gksrk gS] mlh çfri{k ds leLr xSj&Js.khxr nkos pkgs os vYikofèk gksa ;k nh?kkZofèk ij 150 çfr'kr tksf[ke Hkkj ekuk tk,xk] flok, ,sls nkoksa esa tgk¡ tksf[ke de djus dh rduhd ç;ksx esa ykÃ xÃ gks vYikofèk Js.kh fuèkkZj.k ij Hkh ;gh ykxw gksxkA

7- vuqeksfnr Js.kh fuèkkZj.k ,tsfUl;ksa }kjk vYikofèk Js.kh fuèkkZj.k dks vYikofèk _.k tksf[ke Hkkj ds fy, ekudh—r –f"Vdks.k ds varxZr tksf[ke Hkkj esa çR;{k :i ls 'kkfey fd;k tkrk gSA

Hkkjrh; fjtoZ cSad }kjk fn, x, tksf[ke Hkkj ekufp=.k ds :i esa Hkh blh rtZ ij ckgjh ØsfMV jsÇVx ,tsafl;ksa ds vYikofèk Js.kh ds lkFk ¼1 o"kZ rd½ ds vYikofèk _.k ds vkarfjd ewY;kadu dh eSÇix ds fy, ,d ra= gS] gekjs cSad esa çpyu esa igys ls gh gS A

blds vykok] Hkkjrh; fjtoZ cSad }kjk fn, x, tksf[ke Hkkj ekufp=.k ds :i esa Hkh blh rtZ ij ckgjh ØsfMV jsÇVx ,tsafl;ksa dh nh?kZdkfyd Js.kh ds lkFk nh?kZdkfyd _.k] ds vkarfjd ewY;kadu dh eSÇix ds fy, ,d ra= Hkh cksMZ }kjk vuqeksfnr fd;k x;k gSA ekufp=.k dsoy xSj&Js.kh—r nh?kZdkfyd fuos'k ds ekeyksa esa iwath i;kZIrrk mís';ksa ds fy, vkosnu@bLrseky fd;k tk,xkA

8- ;fn ik= _.k fuèkkZj.k ,tsafl;ksa }kjk nks Js.kh fuèkkZj.k dh xÃ gSa ftlesa nks vyx&vyx tksf[ke Hkkj vafdr fd, x, gSa] ogk¡ mPprj tksf[ke Hkkj ykxw fd;k tkrk gSA ;fn ik= _.k Js.kh fuèkkZj.k ,tsafl;ksa }kjk rhu ;k vfèkd Js.kh fuèkkZfjr dh xÃ gS ftlesa tksf[ke Hkkj vafdr fd, x, gSa] ogk¡ nks rnuq:ih fuEure tksf[ke Hkkjksa dh Js.kh fuèkkZj.k ds lanHkZ esa rFkk bu+ nksuksa tksf[ke Hkkjksa esa mPprj tksf[ke Hkkj dks ykxw fd;k x;k gS]vFkkZr nwljk lcls U;wure tksf[ke HkkjA

9- tg‚a fo'ks"k fuèkkZfjr ekeyksa esa nkok fuos'k ugÈ gS] fuos'k nkoksa ij tksf[ke Hkkj p;fur _.k Js.kh oxÊdj.k ,tsUlh }kjk fo'ks"k Js.kh fuèkkZj.k ij vkèkkfjr gSaA

Punjab & Sind Bank


Geography wise Distribution of NPA & ProvisionAmt. in Lakhs

Industry Gross NPA Provision for NPA Provision for Standard Advances

Domestic 422905.04 126671.10 46625.00

Overseas 0.00 0.00 0.00

Table DF 4 - CREDIT RISK: DISCLOSURES FOR PORTFOLIOS SUBJECT TO THE STANDARDISED APPROACH


1. The Bank has approved using the general rating of the following credit rating agencies for risk weighting under the standardized approach for CRAR calculations CRISIL, ICRA, India Rating, SMERA, BRICKWORK and CARE for domestic claims and S&P, FITCH and Moody’s for claims on non-resident corporates, foreign banks and foreign sovereigns.

The ratings of all these agencies are being used for all exposures subjected to rating for risk weighting purposes under the standardized approach for CRAR calculations under Basel-II & Basel III as defined by RBI.

2. The process used to transfer public issue ratings on to comparable assets in the banking book is as per regulatory requirements of RBI. The public ratings published by the rating agencies on their website are used for this purpose. Only, ratings which are in force as per monthly bulletin of the concerned rating agency and which have been reviewed at least once during the previous 15 months are used.

3. For all the exposures on a particular counterparty, bank uses the rating of only one agency, even though these exposures are rated by more than one with exception being where each of the exposures is rated by only one of the approved rating agencies.

4. To be eligible for risk-weighting purposes, it is ensured that the external credit assessment takes into account and reflects the entire amount of credit risk exposure the bank has with regard to all payments owed to it i.e., both principal and interest. External assessments for one entity within a corporate group is not used to risk weight other entities within the same group.

5. For assets that have contractual maturity less than or equal to one year, short term ratings are used while for other assets, long term ratings are used. For Cash Credit exposures long term ratings are taken.

6. Where an issuer has a long-term exposure with an external long term rating that warrants a risk weight of 150%, all unrated claims on the same counterparty, whether short-term or long-term, also receive a 150% risk weight, except incases where credit risk mitigation techniques are used for such claims. Similar is the case with short-term rating.

7. The Short-term ratings assigned by the approved rating agencies are directly mapped to the risk weights under the Standardised Approach for short-term exposures.

A mechanism for mapping of internal ratings of short term loans (up to 1 year) with Short Term ratings of External Credit Rating Agencies, on similar lines as risk weight mapping given by RBI, is already in vogue in our bank.

Further, a mechanism for mapping of internal ratings of Long term loans with Long Term Ratings of External Credit Rating Agencies, on the similar lines as risk weight mapping given by RBI has also been approved by the Board. The mapping shall be used/ applied for capital adequacy purposes only in cases of unrated Long term exposures.

8. If there are two ratings accorded by eligible credit rating agencies, which map into different risk weights, the higher risk weight is applied. If there are three or more ratings accorded by eligible credit rating agencies with different risk weights, the ratings corresponding to the two lowest risk weights are referred to and the higher of those two risk weights are applied, i.e., the second lowest risk weight.

9. The RW of the investment claim is based on specific rating by a chosen credit rating agency, where the claim is not an investment in a specific assessed issue:

iatkc ,.M fla/ cSad


i½ _.k fo'ks"k ds fy, ykxw Js.kh fuèkkZj.k ¼tg‚a Js.kh oxÊdj.k ds tksf[ke Hkkj xSj&Js.kh—r ekeyksa ij ykxw tksf[ke Hkkj ls de gS½ cSad ds dsoy xSj&fuèkkZfjr nkoksa ij ykxw gS] tg‚a oxÊ—r ekeyk ,d vYikofèk vfuok;Zrk gS ;fn og nkok le:i oxÊ—r gS ;k gj çdkj ls fof'k"V oxÊ—r _.k ls vfèkd gS rFkk xSj&fuèkkZfjr ekeyksa dh ifjiDork fuèkkZfjr ekeyksa dh ifjiDork ds ckn ugÈ gS] dks NksM+dj cSad ds dsoy xSj&fuèkkZfjr ekeys ij ykxw gSA

ii½ ;fn tkjhdrkZ ;k ,dy fuxZe ds fy, xSj&fuèkkZfjr ekeyksa ds fy, ykxw tksf[ke Hkkj ls vfèkd ;k mlds cjkcj tksf[ke Hkkj fuèkkZj.k fd;k x;k gS rks ml çfri{k ij xSj&fuèkkZfjr ekeyksa ds fy, ogh tksf[ke Hkkj fuèkkZfjr gksxk tksfd _.k tksf[ke Hkkj ij ykxw gksxk] ;fn ;g nkok mlds lkFk&lkFk ;k gj çdkj ls fuèkkZfjr _.k tksf[ke Hkkj ls de gSA

ekudh—r –f"Vdks.k j[krs gq, tksf[ke de djus ds ckn Hkkj jkf'k jkf'k- :@yk[kksa esa

tksf[ke Hkkj Js.kh fuèkkZfjr _.k tksf[ke xSj&fuèkkZfjr _.k tksf[ke _.k tksf[ke de djus ds ckn tksf[ke Hkkj

100% tksf[ke Hkkj ls de 1477611-15 2410733-84 3888344-99100% tksf[ke Hkkj 482629-92 1732910-97 2215540-89100% tksf[ke Hkkj ls vfèkd 606062-53 365732-01 971794-54dVkSrh 0 0 0dqy 2566303-60 4509376-82 7075680-42

rkfydk Mh-,Q- 5- _.k tksf[ke de djuk % ekudh—r –f"Vdks.k ds fy, çdVhdj.k

xq.kkRed çdVhdj.k

1- laLFkk ds vtZu dks ?kkVs ls cpkus ds fy,] _.k tksf[ke de djds jktLo o`f) djuk çcaèku dk çeq[k midj.k gSA cSad vius nSfud ifjpkyu ds nkSjku _.k tksf[keksadks de djus ds fy, vusd rjhds vkSj rduhd viukrs gSaA ifjiDork vlarqyu] eqæk vlarqyu vkSj ewY; lek;kstu ds i'pkr~] iwath çHkkj dks de djus gsrq i;Zos{kd us _.k tksf[ke de djus ds mik;ksa dh vuqefr nh gSA u, iwath i;kZIrrk ÝseodZ ¼csly&II rFkk csly&III½ ds varxZ r igpkus x, _.k tksf[ke de djus ds fofHkUu dkjd ¼lh-vkj-,e-½ fuEu gSa %&

Û lEikf'koZd lapkyu Û v‚u&cSysal&'khV&usÇVx Û xkjafV;‚a

2- ik= foÙkh; lEikf'koZd çfrHkwfr;k¡

ekud –f"Vdks.k ds varxZr lHkh lEikÆ"odksa dks _.k tksf[ke de djus gsrq ugÈ ekuk x;k gSA igpkuh xÃ foÙkh; lEikÆ"od fuEufyf[kr gSa%&

1-½ udnh vkSj tek,a ftlesa fons'kh eqæk lfEefyr gSaA

2-½ lksuk % 99-99 çfr'kr dh 'kq)rk çekf.kr djukA

3-½ dsUæ vkSj jkT; ljdkjksa }kjk tkjh çfrHkwfr;k¡A

4-½ fdlku fodkl&i= vkSj jk"Vªh; cpr&i=A

5-½ thou&chek i‚fyfl;k¡A

6-½ _.k&çfrHkwfr;k¡ % 'kÙkks± ds vuqlkj oxÊ—rA

7-½ cSad }kjk 'kÙkks± ds vuqlkj tkjh voxÊ—r _.k&çfrHkwfr;k¡A

8-½ 'kÙkks± ds vuqlkj E;wP;qvy QaMksa ds ;wfuV~lA

9-½ iqu% çR;kHkwru ¼jhflD;wfjVkbts'kUt½] ØsfMV jsaÇVx gks ;k u gks] foÙkh; laikÆÜzod ds ik= ugÈA

lkaikf'oZd lapkyu esa iwath jkgr çkIr djus ds fy, dqN vfrfjä ekunaM gSa ftudk lhèks rkSj ij lEikf'oZd çcaèku ij çHkkj iM+rk gS vkSj lEikf'oZd çcaèku ds nkSjku bu igyqvksa dks è;ku esa j[kk tkrk gSA

Punjab & Sind Bank


i) the rating applicable to the specific debt (where the rating maps into a risk weight lower than that which applies to an unrated claim) is applied to the bank’s un-assessed claim only if this claim ranks pari passu or senior to the specific rated debt in all respects and the maturity of the un-assessed claim is not later than the maturity of the rated claim, except where the rated claim is a short term obligation.

ii) if either the issuer or single issue has been assigned a rating which maps into a risk weight equal to or higher than that which applies to unrated claims, an unrated claim on the same counterparty, is assigned the same risk weight as is applicable to the rated exposure, if this claim ranks pari passu or junior to the rated exposure in all respects.

Exposure amounts after risk mitigation subject to the standardized approach Amt. in Lakhs

Risk Weight Category Rated Exposure Un-Rated Exposure Exposure After Credit Risk MitigationBelow 100 % risk weight 1477611.15 2410733.84 3888344.99100 % risk weight 482629.92 1732910.97 2215540.89More than 100 % risk weight 606062.53 365732.01 971794.54Deducted 0 0 0TOTAL 2566303.60 4509376.82 7075680.42

Table DF 5 - CREDIT RISK MITIGATION: DISCLOSURES FOR STANDARDISED APPROACHES


1. Credit Risk Mitigation is a proactive management tool designed to enhance revenue growth, while protecting an entity's earnings from loss. Banks employ various methods and techniques to reduce the impact of the credit risks they are exposed to in their daily operations. Some of the credit risk mitigation techniques are permitted to be used by the supervisor for reducing the capital charge after adjustment for value, currency mismatch and maturity mismatch. Various Credit Risk Mitigants (CRM) recognized under the New Capital Adequacy Framework (Basel II) & Basel III are as follows:

→ Collateralised transactions

→ On-balance-sheet-netting

→ Guarantees

2. Eligible financial collateral:

All collaterals are not recognised as credit risk mitigants under the Standardised Approach. The following are the financial collaterals recognized:

i. Cash and Certain Deposits.

ii. Gold: benchmarked to 99.99% purity.

iii. Securities issued by Central and State Governments

iv. Kisan Vikas Patra and National Savings Certificates

v. Life insurance policies

vi. Debt securities -Rated subject to conditions.

vii. Debt securities not rated issued by banks subject to conditions

viii. Units of mutual funds subject to conditions

ix. Re-securitisations, irrespective of any credit ratings, are not eligible financial collateral.

There are certain additional standards for availing capital relief for collateralized transactions, which have direct bearing on the management of collaterals, and these aspects are taken into account during Collateral Management.

iatkc ,.M fla/ cSad


3- v‚u&cSysal&'khV&usÇVx v‚u&cSysal&'khV&usÇVx dsoy _.k@vfxzeksa ¼_.k tksf[ke ds :i esa ekU;½ vkSj tekvksa ¼lEikÆÜod ds :i esa ekU;½ rd gh lhfer

gS] tgk¡ cSad ds ikl dkuwuh :i ls ykxw usÇVx çcaèk gS ftlesa fo'ks"k xzg.kkfèkdkj çys[kksa dh tkap dh tkrh gS vkSj ftudk fuoy vkèkkj ij çcaèku fd;k tkrk gSA

4- xkjafV;k¡ % tgk¡ xkjafV;k¡ lhèks rkSj ls] lqfuf'pr] vfodYih vkSj 'krZjfgr gSa] cSad iwath i;kZIrrk dh lax.kuk djrs le; ,sls _.k laj{k.k dks è;ku esa j[krk gSA cklsy&II rFkk cklsy&III ds vuqlkj ik= xkjaVjksa@çfr xkjaVjksa ds oxZ esa ;s 'kkfey gSa %

i½ lEçHkq] lEçHkqrk çkIr laLFkk,a ¼ch-vkÃ-,l-] vkÃ-,e-,Q-] ;wjksfi;u lsaVªy cSad vkSj ;wjksfi;u leqnk; ds lkFk mYysf[kr ,e-Mh-ch-,l-] Ã-lh-th-lh- ,oa lh-th-Vh-,l-vkÃ-] lh-vkj-th-,Q-Vh-,y-vkÃ- ,p- lfEefyr gSa½] cSad vkSj çkÃejh Mhyj tks çfr i{k ls de Hkkfjr tksf[ke ;qä gSaA

ii½ fdlh çR;kHkwru vofLFkfr esa tc _.k laj{k.k çnku fd;k x;k gks rks mls NksM+dj vU; dkjd cká fuèkkZfjr gksrs gSaA blesa ewy] lgk;d rFkk lac) daifu;ksa }kjk _.k laj{k.k çnku fd;k tkuk 'kkfey gSa tc os vkHkkjh ls de t+ksf[ke Hkkj ij gksaA

iii½ _.k laj{k.k fdlh çR;kHkwru vofLFkfr esa çnku fd;k tkrk gS] vU; dkjd] tks ml le; cká fuèkkZfjr gS ch-ch-ch-& vFkok csgrj vkSj tks cká :i ls ,&vFkok csgrj fuèkkZfjr Fks] mUgsa _.k laj{k.k çnku fd;k x;k FkkA blesa ewy] lgk;d rFkk lac) daifu;ksa }kjk _.k laj{k.k çnku fd;k tkuk 'kkfey gS tc os vkHkkjh ls de t+ksf[ke Hkkj ij gksaA

cSad ,Dlikst+j ds çfr lHkh çdkj dh çfrHkwfr;k¡ Lohdkj djrk gSA fQj Hkh cklsy&III ds fu;eksa ds vuqlkj] _.k tksf[keksadk leatu ls iwoZ] ik= lEikf'oZdksa ij fopkj fd;k tkrk gS vkSj mudk mfpr mipkj fd;k tkrk gSA cSad ds ikl _.k tksf[ke de djus dh ,d foLr`r i‚fylh gS vkSj çfrHkwfr;ksa ds ewY;kadu djus ds fn'kk&funsZ'k miyCèk gSaA cSad xkjaVjksa dh jsÇVx djrs le; çfr ikVÊ ls csgrj xkjaVhdrkZvksa dh jsÇVx ds ekeyksa esa] ik= xkjafV;ksa dk laKku djrk gSA blds vfrfjä _.k lqj{kk ds fy, dsaæh; ljdkj] jkT; ljdkj] Ã-lh-th-lh- vkSj lh-th-Vh- doj dks Hkh mi;qä tksf[ke Hkkj yxkrs le; è;ku esa j[kk tkrk gSA

ekud –f"Vdks.k ds varxZr _.k tksf[ke lafoHkkx dk çdVhdj.k doj fd;k x;kA dqy _.k tksf[ke% ik= foÙkh; çfrHkwfr dVkSrh djus ds mijkUr #- 358363-28 yk[k

rkfydk Mh-,Q-& 6& çfrHkwfrdj.k % ekudh—r –f"Vdj.k ds fy, çdVhdj.k

xq.kkRed çdVhdj.k

vkfLr;ksa ds çdVhdj.k dh uhfr ds mís';

1- lalkèkuksa dks c<+kus gsrq

1-1 mfpr ewY; ij ¼vkfLr vkèkkfjr çfrHkwfrdj.k@caèkd ds ekè;e ls½ cSad ds lalkèkuksa dks c<+kukA

1-2 t:jr iM+us ij] ifjiDork varj dks de djus ds fy,] mÙke vkfLr ns;rk çcaèku gsrq yEch le;kofèk dh vkfLr;ksa dks cspk tk ldrk gSA

1-3 cSad dh lao`f) dks çHkkfor fd, fcuk n{krk ls iwath dks"k dh O;oLFkk djuk A

1-4 iwath dh nqyZHkrk ds ckotwn O;olk; dh fujarjrk rFkk vkfLr;ksa ds vkorZu djukA

1-5 fufèk;ksa ds u, lzksrksa dk mi;ksx rFkk orZeku fufèk;ksa ds lkèkuksa dk fofoèkhdj.kA

1-6 çfrykHk dks c<+kus ds fy, vkfLr;ksa dk tYnh tYnh Ø;&foØ; A

1-7 _.k lafoHkkx ds mfpr çcaèku ds fy, mPp laØsUæ.k ds {ks=ksa esa vkfLr;ksa dks fdjk, ij ysdj] cSad bu {ks=ksa esa vfrfjä O;olk; djuk tkjh j[kus dh fLFkfr esa gksxk vkSj bl rjg cktkj esa viuk fgLlk] xzkgd lacaèk bR;kfn cjdjkj j[k ldrk gSA

2- vfèk'ks"k fufèk;ksa dk vfHkfu;kstu % ihVhlh ds fy, vfHknku djds ;k fQj mfpr çfrykHk nj okys _.kksa ds f}i{kh; vkoaVu ds ekè;e ls vkfLr;ksa dh [kjhn }kjk vfèk'ks"k fufèk;ksa ds Fkksd vfHkfu;kstu dk Hkh ,d lkèkuA

gkyk¡fd] cSad us çfrHkwfrdj.k ds varxZr ekudh—r _.k lafoHkkx dks fdlh vU; laLFkk ¼vksa½ dks ugÈ cspk gSA

ekud lewg vkfLr;ksa ds çfrHkwfrdj.k ¼leuqns'ku½ ds varxZr _.k tksf[ke ¼cdk;k 'ks"k½ :- 34214 yk[kks esa A

Punjab & Sind Bank


3. On-balance-sheet-netting

On-balance sheet netting is confined to loans/advances (treated as exposure) and deposits (treated as collateral), where Bank has legally enforceable netting arrangements, involving specific lien with proof of documentation and which are managed on a net basis.

4. Guarantees: Where guarantees are direct, explicit, irrevocable and unconditional, bank takes account of such credit protection in calculating capital requirements. The range of eligible guarantors / counter guarantors as per Basel III includes:

i. Sovereigns, sovereign entities (including BIS, IMF, European Central Bank and European Community as well as those MDBs, ECGC and CGTSI, CRGFTLIH), banks and primary dealers with a lower risk weight than the counterparty;

ii. Other entities that are externally rated except when credit protection is provided to a securitisation exposure. This would include credit protection provided by parent, subsidiary and affiliate companies when they have a lower risk weight than the obligor.

iii. When credit protection is provided to a securitisation exposure, other entities that currently are externally rated BBB- or better and that were externally rated A- or better at the time the credit protection was provided. This would include credit protection provided by parent, subsidiary and affiliate companies when they have a lower risk weight than the obligor.

The Bank accepts all types of collaterals against exposures. However, for Basel-III norms, the eligible collaterals are considered and given appropriate treatment before they are set-off against exposures. The bank has a well laid-out Credit Risk Mitigation & Collateral management Policy and also guidelines for valuation of collaterals. The Bank also takes cognizance of eligible guarantees and substitution of rating of guarantor(s) in cases where these are better than that of the counter-party. Besides, for purposes of credit protection, Central Govt., State Govt., ECGC and CGFT coverages are also taken into account to apply appropriate risk weights.

Disclosed credit risk portfolio under the standardised approach, the total exposure that is covered by: Eligible financial collateral; after the application of haircuts – Rs.358363.28 lakhs

Table DF 6- SECURITISATION: DISCLOSURE FOR STANDARDISED APPROACH


Objective of Policy on Securitization of Assets

1. For Raising Resources

1.1 To raise resources for the Bank (through mortgage/ asset backed securitization) at a reasonable cost.

1.2 For better asset liability management as long tenure assets can be disposed off, IN CASE OF NEED, to reduce the maturity mismatches.

1.3 To manage the capital funds efficiently without effecting the growth of the Bank.

1.4 To rotate assets and to continue to book business even while capital availability is scarce.

1.5 To access to new source of funding and diversify the existing funding sources.

1.6 To maximize the returns by churning assets fast.

1.7 For better managing the credit portfolio. By hiring of assets in sectors of high concentration, the Bank would be in a position to continue to book additional business in these sectors and hence maintain market share, client relationship etc.

2. For Deploying Surplus Funds: Avenue for bulk deployment of surplus funds either by subscribing to the PTCs or by purchase of assets through bilateral assignment of debts with reasonable rate of return.

However, Bank has not sold out any standard credit portfolio under securitization to any other entities.

Exposure (balance outstanding) under Assignment of Standard Pool Assets - Rs 34214 Lakhs

iatkc ,.M fla/ cSad


rkfydk Mh-,Q-& 7& VªsÇMx cqd esa ckt+kj tksf[ke

xq.kkRed çdVhdj.k cktkj tksf[ke dk vk'k; C;kt njksa esa ifjorZu] fons'kh eqæk njksa] cktkj ewY;ksa ,oa ifjorZuh;rk ls gksus okys Hkfo"; dh vk; dh vfuf'prrk ls gSA cSad ;g ekurk gS fd cktkj tksf[ke esa mlds mèkkj@_.k nsus rFkk tek ysus tSls O;olk;ksa vkSj fuos'k xfrfofèk;ksa ;Fkk LFkku xzg.k djuk ,oa O;kikj djuk Hkh 'kkfey gSA cktkj tksf[ke dk fuos'k uhfr;ksa rFkk ckt+kj tksf[ke çcaèku uhfr ds vuqlkj çcaèku fd;k tkrk gS]ftldk vuqeksnu cksMZ }kjk fd;k tkrk gSA ;s uhfr;ksa] çfrHkwfr;ksa ds çpkyu] fon'kh eqæk rFkk vU; mRiknksa dks lq–<+ ,oa Lohdk;Z O;kikj] dk;Z çfØ;kvksa ds vuqlkj gksuk lqfuf'pr djrh gS vkSj tgka rd gks lds ;s fofu;ked fn'kk&funsZ'kksa ds vuqlkj forh; çfrHkwfr;ksa ds varj.k dks 'kkflr djus okys foèkkuksa rFkk foÙkh; ifjos'k ds vuqlj.k esa dk;Z djrs gSaA O;kikj dh iqLrdksa esa cktkj tksf[ke dk vkadyu ekudh—r vkofèkd vfHk:[k ds vuqlkj fd;k tkrk gSA VªsÇMx ¼O;kikj½ ds vk;kstu gsrq rFkk foØ; ds fy, miyCèk iksVZQksfy;ks ds vuqlkj iwathxr pktZ dh lax.kuk Hkkjrh; fjt+oZ cSad ds çwMsaf'k;y fn'kk&funsZ'kksa ds vuqlkj dh tkrh gSA

cktkj tksf[ke çcaèku ds mís'; %

cktkj tksf[ke çcaèku ds mís'; fuEu çdkj ls gS %

Û pyfufèk dk çcaèkuÛ C;kt nj t+ksf[ke ,oa fofue; nj tksf[ke dk çcaèkuÛ fuos'k iksVZQksfy;ks dk mfpr oxÊdj.k ,oa ewY;kaduÛ fuos'kksa rFkk O;qRiknksa inkFkksZ dh i;kZIr ,oa mfpr fjiks±ÇVxÛ fofu;ked vis{kkvksa dk vuqikyu

ek=kRed çdVhdj.k %

iwath vko';drk jkf'k- :@yk[kksa esaC;kt nj tksf[ke 25064-63ÃfDoVh fLFkfr tksf[ke 2770-47fons'kh fofue; tksf[ke 'kwU;

rkfydk Mh-,Q-& 8& ifjpkyuxr tksf[ke xq.kkRed çdVhdj.k cSad us ifjpkyuxr tksf[ke çcaèku rFkk O;olk; fujarjrk vk;kstu o vkink olwyh çcaèku ij uhfr;k¡ rS;kj dh gSaA cSad dk funs'kd&e.My okÆ"kd vkèkkj ij bu uhfr;ksa dh leh{kk djrk gSA cSad tksf[ke gkfu vkadM+ksa ds laxzg.k dh çfØ;k esa yxk gSA cSad ds ikl cSad ds lexz ifjpkyu tksf[ke ds çcaèku dks ykxw djus ds fy, y‚l MkVk çcaèku <+kpk gSA

ifjpkyukRed tksf[ke lEcUèkh uhfr ds vuqlkj dk;Zdkjh funs"kd dh vè;{krk esa ifjpkyukRed tksf[ke çcaèku lfefr ¼vks-vkj-,e-lh-½ xfBr dh xÃ gSA vks-vkj-,e-lh- dh fu;fer cSBdsa çR;sd frekgh esa de ls de ,d ckj vk;ksftr dh tkrh gSA 'kk[kkvksa dh v‚u lkÃV tksf[ke vkèkkfjr vkarfjd ys[kk&ijh{kk ¼vkj-ch-vkÃ-,-½ cSad dk fujh{k.k lEiUu djrk gSA

gkml dÈÇix] lekèkku ,oa èkks[kkèkM+h vkfn ls lEcfUèkr ekeyksa esa Øe'k% fujh{k.k foHkkx] lekèkku foHkkx ,oa lrdZrk foHkkx budh fjiksÉVx le;≤ ij v‚fMV desVh v‚Q cksMZ ¼,-lh-ch-½ dks djrs gSaA ifjpkyukRed tksf[ke rFkk O;olk; fujarjrk vk;kstu ls lEcfUèkr fofu;ked fjiksVZ dks le;c) ,oa fu;fer fd;k tkrk gSA ifjpkyukRed tksf[ke ds fy, iwath çHkkj dh lax.kuk gsrq orZeku esa cSad ewyHkwr lwpdkad i)fr dk vuqikyu dj jgk gSA rFkkfi ifjpkyukRed tksf[ke ds fy, iwath çHkkj dh lax.kuk mUur i)fr;ksa dh vksj mUeq[k gksus dh rS;kjh Hkh cSad ds lkFk&lkFk dj jgk gSA

rkfydk Mh-,Q-& 9& cSad dh cfg;ksa esa C;kt nj tksf[ke¼vkbZ-vkj-vkj-ch-ch-½ xq.kkRed çdVhdj.k cSad cgh esa C;kt nj tksf[ke dk çcaèku rFkk ewY; fuèkkZj.k vk; ij tksf[ke –f"Vdks.k gsrq ijEijkRed varj rFkk vkÆFkd ewY; –f"Vdks.k gsrq la'kksfèkr vofèk varj ds ekè;e ls fd;k x;k gSA cSad cgh esa C;kt nj tksf[ke ds vUrxZr lHkh vfxze rFkk ifjiDork rd j[ks tkus okys fuos'k 'kkfey gSaA _.k uhfr;k¡ rFkk çfØ;k,a@lajpuk vkSj laxBu@fo"k;&{ks= rFkk tksf[ke lwpuk&ra= dh ç—fr@uhfr;k¡ vkfn Mh-,Q-&7 ds vUrxZr crk, vuqlkj gh gSaA cSaÇdx cqd ¼vkÃvkjvkjchch½ esa C;kt nj tksf[ke ds ekin.Mksa dh dk;Z&i)fr Hkkjrh; fjt+oZ cSad }kjk funsZf'kr fn'kk&funsZ'kksa ds vuq:i gSA

Punjab & Sind Bank


Table DF 7 - MARKET RISK IN TRADING BOOK


Market risk refers to the uncertainty of future earnings resulting from changes in interest rates, foreign exchange rates, market prices and volatilities. The Bank assumes market risk in its lending and deposit taking businesses and in its investment activities, including position taking and trading. The market risk is managed in accordance with the investment policies, which are approved by the Board. These policies ensure that operations in securities, foreign exchange and derivatives are conducted in accordance with sound and acceptable business practices and are as per the extant regulatory guidelines, laws governing transactions in financial securities and the financial environment. Market Risk in Trading Book is assessed as per the Standardized Duration approach. The capital charge for Held for Trading (HFT) and Available for Sale (AFS) portfolios is computed as per Reserve Bank of India prudential guidelines.

Market risk management objectives:

The objectives of market risk management are as follows:

• Management of liquidity

• Management of interest rate risk and exchange rate risk.

• Proper classification and valuation of investment portfolio

• Adequate and proper reporting of investments and derivative products

• Compliance with regulatory requirements


The capital requirements for: Amt. in LacInterest rate risk 25064.63Equity position risk 2770.47Foreign exchange risk NIL

Table DF 8 - OPERATIONAL RISK


The Bank has formulated Policies on “Operational Risk Management’ and the “Business Continuity Plan & Disaster Recovery Management”. These policies are being reviewed by the Board of the Bank on annual basis. Bank is in process of collecting “Loss Data’. The Bank has loss data management framework to comply with overall operational risk management of the Bank.

As per the policy on Operational Risk, the Operational Risk Management Committee (ORMC) has been set up which is head by the Executive Director. Regular meetings of the ORMC are convened at least on quarterly basis. Inspection Deptt of the bank undertakes onsite “Risk Based Internal Audit” (RBIA) of the branches.

Inspection, Reconciliation and Vigilance Departments are reporting matters relating to Housekeeping, Reconciliation and Frauds etc. periodically to ACB. Regulatory reporting with regard to Operational Risk and Business Continuity Plan is made timely & regularly. Bank is presently following ‘Basic Indicator Approach” for calculating Capital Charge on Operational Risk. However, the bank is preparing to move to advance approaches of calculating capital charge for Operational Risk.

Table DF 9 - INTEREST RATE RISK IN THE BANKING BOOK (IRRBB)


The Interest rate risk in banking book is measured and managed by the bank through Traditional Gap for Earnings at Risk (Ear) approach and modified Duration Gap for Economic Value (MVE) Approach. Interest rate risk in banking book includes all advances and investments kept under Held to Maturity (HTM) portfolio. The strategies and process/structure of organization / scope and nature of risk reporting/policies etc. are the same as reported under DF – 7. The methodology adopted to measure the interest rate risk in banking book (IRRBB) is based on RBI suggested guidelines.

iatkc ,.M fla/ cSad


1-1 Hkkjrh; fjt+oZ cSad us ;g fuèkkZfjr fd;k gS fd C;kt nj laonsu'khyrk ¼iquewZY; fuèkkZj.k varj½ fooj.k ftls ekfld varjky ij rS;kj fd;k tkrk gS] ds tfj, C;kt nj tksf[ke dh fuxjkuh dh tk,A rnuqlkj] vkfLr ns;rk çcaèku lfefr ekfld vkèkkj ij C;kt nj laosnu'khyrk dh leh{kk djrh gSA vkfLr;ksa o ns;rkvksa nksuksa esa C;kt nj esa leku ifjorZu ds dkj.k cSad dh 'kq) C;kt vk; esa gksus okys ifjorZu dk vkdyu djrh gSA

1-2 Hkkjrh; fjt+oZ cSad us vofèk varj fo'ys"k.k ds nkSjku C;kt nj laosnu'khyrk ds ekè;e ls vkfLr;ksa o ns;rkvksa ds vkÆFkd ewY; ij C;kt nj ifjorZu ds çHkko dk vuqeku yxkus dk Hkh fuèkkZj.k fd;k gSA cSad frekgh@ekfld varjky ij Hkkjrh; fjt+oZ cSad }kjk ;Fkk fuèkkZfjr vofèk varj fo'ys"k.k Hkh djrk gSA ÃfDoVh ds ckt+kj ewY; ¼,eohÃ½ ij C;kt nj ifjorZu ds çHkkoksa dk vkofèkd varjky foPPys"k.k ds ekè;e ls fujh{k.k fd;k tkrk gSA mijksä dk ç;ksx djrs gq,] çR;sd cdsV gsrq vkfLr;ksa ,oa ns;rkvksa dh ifjoÆrr vofèk dh x.kuk dh tkrh gS rFkk mijksä }kjk ns;rkvksa o vkfLr;ksa dh la'kksfèkr vofèk dh lax.kuk çR;sd dky&pØ ij ifjdfyr dh tkrh gS vkSj C;kt nj ds 200 chih,l ds ifjorZu dks tksM+us ds ckn ewY; ij iM+s çHkko dk ifjdyu dj 'kq) fLFkfr çkIr dh tkrh gS rkfd ;g fuèkkZfjr fd;k tk lds fd ewY; esa ldkjkRed o`f) gqÃ gS ;k ughA

1-3 vkfLr;ksa rFkk ns;rkvksa ds foosdiw.kZ mik; gsrq Ã,vkj rFkk 'kq) vkofèkd varj dh lhek dk fuèkkZj.k fd;k tkrk gS rFkk fu;fer varjky ij bldh fuxjkuh dh tkrh gSA

ek=kRed çdVhdj.k

d½ tksf[ke ij vk;

jkf'k& :-@yk[kksa esa

,d o"kZ varjky rd vkSlru 100 vkèkkj vad ifjorZu dk çHkko 1148-26

[k½ vkÆFkd ewY; gsrq la'kksfèkr vofèk ¼,e-oh-bZ-½&14-48 çfr'kr

rkfydk Mh-,Q-10 çfri{kh; _.k tksf[ke lacaèkh vofLFkfr ds fy, lkekU; çdVhdj.k

xq.koÙkk çdVhdj.k

çfri{kh; _.k tksf[ke ¼lh-lh-vkj½ Hkqxrku ls iwoZ vFkok Hkqxrku dh frfFk dks ysu&nsu ds fuiVku ds le; çfri{k }kjk dh xÃ pwd okyk tksf[ke gSA çfri{k dh _.k lhek,a ¼varj cSad lhek,a½ ,,y,e uhfr ds varxZr r; dh tkrh gSa vkSj ,,y,e uhfr ds ekè;e ls gh fuxjkuh j[kh tkrh gSA çfri{k ds lkFk fd, x, lHkh O;qRikn ysu-nsu dk ewY;kadu cSad ds cksMZ }kjk vuqeksfnr O;qRikn uhfr ¼MsfjosfVo ikfylh½ ds ekè;e ls fd;k tkrk gSA gkykafd cSad us dksÃ O;qRikn ysu&nsu ugÈ fd;kA xyr rjhds ls gq, _.k tksf[ke ds fy, cSad dh dksÃ uhfr ugÈ gSA

cSad dks vHkh fdlh _.k lgk;d vuqcaèk ¼lh-,l-,-½ le>kSrk çfri{kksa ds lkFk djuk gS vkSj bldk çHkko orZeku esa vifjek.; gSA

ek=kRed

cSad f}i{kh; usÇVx dks ekU;rk ugÈ nsrk gSA ¼:i,@&yk[kksa esa½

fooj.k lkadsfrd jkf'k orZeku vofLFkfr

fon'kh eqæk lafonk,a 1233021-80 28131-90

cSad ds ikl dksÃ O;qRikn vofLFkfr¼,Dlikst+j½@ysu&nsu ugÈ gSA

Punjab & Sind Bank


1.1 RBI has stipulated monitoring of interest rate risk through a Statement of Interest Rate Sensitivity (Reprising Gaps) to be prepared at monthly intervals. Accordingly, ALCO reviews Interest Rate Sensitivity statement on monthly basis and monitors the Earnings at Risk (EaR) which measures the change in net interest income of the Bank due to parallel change in interest rate on both the assets and liabilities.

1.2 RBI has also stipulated to estimate the impact of change in interest rates on economic value of bank’s assets and liabilities through Interest Rate Sensitivity under Duration Gap Analysis (IRSD). Bank also carries out Duration Gap analysis as stipulated by RBI at monthly/quarterly intervals. The impact of interest rate changes on the Market Value of Equity (MVE) is monitored through Duration Gap Analysis. Using the above, Modified Duration of liabilities and assets for each bucket is calculated and the impact on their value for a change in interest rate by 200 bps is reckoned by adding up the net position is arrived to determine as to whether there will be a positive increase in the value or otherwise.

1.3 As a prudential measure limit has been fixed for EaR as well as for Net Duration Gap of the assets and liabilities and the same is monitored at regular intervals.


a) Earning at RiskAmt. in Lakhs

At 100 bps change for gaps upto 1 year on average basis 1148.26

b) Modified Duration Gap for Economic Value (MVE) – 14.48%

Table DF-10: General Disclosure for Exposures Related to Counterparty Credit Risk


Counter Party Credit Risk (CCR) is the risk of default by the Counterparty towards settlement of transaction before or at the maturity. Counter party credit limits (Inter Bank limits) are set up and monitored through ALM Policy. All the Derivative Transactions with the Counterparty are to be evaluated through Board approved Derivative Policy of the Bank. However, Bank is not having any Derivative Transactions at present.

Bank does not have any policy related to Wrong Way Risk exposure.

Bank is yet to enter into any Credit Support Annex (CSA) Agreement with its Counterparties and such impact is currently not quantifiable.


Bank does not recognize bilateral nettingAmt. in Lakhs

Particulars Notional Amount Current Exposure

Foreign Exchange Contracts 1233021.80 28131.90

Bank is not having any derivative exposure/transactions.

iatkc ,.M fla/ cSad


rkfydk Mh-,Q-11- iwath dh jpuk ¼:i,@&yk[kksa esa½

fofu;ked lek;kstuksa ds laØe.k ds nkSjku ¼31 ekpZ 2013 ls 31 fnlEcj 2017 rd½ cklsy III ds varxZr vke çdVhdj.k gsrq VSEiysV

jkf'k cklsy III ds ykxw gksus ls iwoZ

lanHkZ la-

Øe la- lkekU; ÃfDoVh fV;j 1 iw¡th% fy[kr o vkjf{kr 1 çR;{kr% tkjh lkekU; vgZrk 'ks;j iw¡th ,oa rRlacaèkh vfèk'ks"k LV‚d ¼'ks;j çhfe;e½ 171845-28 2 çfrèkkfjr miktZu 181277-70 3 vU; lafpr O;kid vk; ¼,oa vU; vkjf{kr fufèk;ka½ 193912-97 4 lhÃVh 1 ls çR;{kr% tkjh iw¡th ¼dsoy xSj&la;qä LV‚d dEifu;ksa 1 ij ykxw½ 1-1-

2018 rd lkoZtfud {ks= dks iSr`d :i ls miyCèk djkÃ xÃ iw¡th 0

5 vuq"kafx;ksa }kjk t+kjh o rhljs i{k }kjk j[kh xÃ lkekU; 'ks;j iw¡th ¼lhÃVh 1 lewg gsr Loh—r jkf'k½

0

6 fofu;ked lek;kstu ls iwoZ lkekU; bZfDoVh fV;j 1 iw¡th 547035-95 lkekU; ÃfDoVh fV;j 1 iw¡th% fofu;ked lek;kstu 7 foosdlEer ewY;kadu lek;kstu 0 8 lk[k ¼lacafèkr dj ns;rk dk 'kq)½ 0 9 caèkd lÉolx vfèkdkj ds vfrfjä vU; vewrZ ¼lacafèkr dj ns;rk dk 'kq)½ 0-00 10 vkLFkfxr dj vkfLr;ka 0 11 udn çokg cpko vkjf{kr fufèk 0-00 12 vuqekfur gkfu gsrq fd, x, çkoèkkuksa esa deh 0-00 13 foØ; ij çfrHkwfrdj.k ykHk 0-00 14 mfpr ewY; nsunkfj;ksa ij vius _.k tksf[ke esa ifjorZu ds dkj.k gqvk ykHk ,oa gkfu 0-00 15 fuèkkZfjr ykHk is'ku QaM fuoy lEifÙk;ka 0-0016 Lo;a ds 'ks;jksa esa fuos'k ¼;fn iwoZ esa çLrqr fd, x, rqyu&i= esa çnÙk iw¡th esa

fuèkkZj.k u fd;k x;k gks½0-00

17 lkekU; ÃfDoVh esa ijLij çfrèkkfjrk 2565-02 18 fofu;ked lesdu ds dk;Z{ks= ls ckgj cSaÇdx] foÙkh; ,oa chek dEifu;‚] tks

fofu;ked lesdu esa lfEefyr ugÈ dh tk ldrh] ekU; vfèkfoØ; dh fLFkfr ds vuqlkj] tg‚a cSad ds ikl t+kjh fd, x, 'ks;j iw¡th dk 10 çfr'kr ls vfèkd 'ks;j èkkfjrk u gks] dh iw¡th esa fuos'k ¼vkjfEHkd 10çfr'kr jkf'k ls vfèkd½]

0-00

19 fofu;ked lesdu ds dk;Z{ks= ls ckgj cSaÇdx] foÙkh; ,oa chek dEifu;‚a] ds lkekU; 'ks;jksa esa egRoiw.kZ fuos'k] ekU; vfèkfoØ; dh fLFkfr ds vuqlkj, ¼vkjfEHkd 10çfr'kr ls vfèkd jkf'k dh lhek½

0-00

20 caèkd lÆoÇlx vfèkdkj ¼vkjfEHkd 10çfr'kr jkf'k ls vfèkd½] lacafèkr ugÈ 21 vLFkk;h vUrj ds dkj.k mRiUu gqÃ vkLFkfxr dj vkfLr;‚a ¼vkjfEHkd 10çfr'kr

jkf'k ls vfèkd] lacafèkr dj ns;rk dk fuoy½] lacafèkr ugÈ

22 vkjfEHkd 15 çfr'kr ls vfèkd dh jkf'k lacafèkr ugÈ 23 ftldk% foÙk ds lkekU; LV‚d esa egRoiw.kZ fuos'k lacafèkr ugÈ 24 ftldk% caèkd lÆoÇlx vfèkdkj lacafèkr ugÈ 25 ftldk% vLFkk;h vUrj ds dkj.k mRiUu gqÃ vkLFkfxr dj vkfLr;‚a lacafèkr ugÈ 26 fof'k"V jk"Vªh; fofu;ked lek;kstu ¼ 26,$26ch$26lh½ 0 26, vlesfdr xSj&foÙkh; lgk;d dE ifu;ksa dh bfDoVh iwath esa fuos'k 0 26ch lokZfèkd LokfeRo okyh dEifu;‚a] tks cSad ds lkFk lesfdr ugÈ dh x;È] ds ÃfDoVh iw¡th esa deh 0

Punjab & Sind Bank


Table DF 11 – Composition of CapitalAmt. in Lakhs

Basel III common disclosure template to be used during the transition of regulatory adjustments (i.e. from March 31, 2013 to December 31, 2017)

Amounts Subject To

Pre Basel III Treatment

Ref No.

S.No. Common Equity Tier 1 capital: instruments and reserves

1 Directly issued qualifying common share capital plus related stock surplus (share premium) 171845.28 2 Retained earnings 181277.70 3 Accumulated other comprehensive income (and other reserves) 193912.97 4 Directly issued capital subject to phase out from CET1 (only applicable to non-joint

stock companies1) Public sector capital injections grandfathered until 1/1/2018n.a.

5 Common share capital issued by subsidiaries and held by third parties (amount allowed in group CET1)

n.a.

6 Common Equity Tier 1 capital before regulatory adjustments 547035.95 Common Equity Tier 1 capital: regulatory adjustments 7 Prudential valuation adjustments 0 8 Goodwill (net of related tax liability) 0 9 Intangibles other than mortgage-servicing rights (net of related tax liability) 0.00

10 Deferred tax assets 0 11 Cash-flow hedge reserve 0.00 12 Shortfall of provisions to expected losses 0.00 13 Securitisation gain on sale 0.00 14 Gains and losses due to changes in own credit risk on fair valued liabilities 0.00 15 Defined-benefit pension fund net assets 0.0016 Investments in own shares (if not already netted off paid-in capital on reported

balance sheet)0.00

17 Reciprocal cross-holdings in common equity 2565.02 18 Investments in the capital of banking, financial and insurance entities that are

outside the scope of regulatory consolidation, net of eligible short positions, where the bank does not own more than 10% of the issued share capital (amount above 10% threshold)

0.00

19 Significant investments in the common stock of banking, financial and insurance entities that are outside the scope of regulatory consolidation, net of eligible short positions (amount above 10% threshold)3

0.00

20 Mortgage servicing rights4 (amount above 10% threshold) Not Relevant 21 Deferred tax assets arising from temporary differences (amount above 10%

threshold, net of related tax liability)Not Relevant

22 Amount exceeding the 15% threshold6 Not Relevant 23 of which: significant investments in the common stock of financials Not Relevant 24 of which: mortgage servicing rights Not Relevant 25 of which: deferred tax assets arising from temporary differences Not Relevant 26 National specific regulatory adjustments (26a+26b+26c) n.a.

26a Investments in the equity capital of unconsolidated nonfinancial subsidiaries8 n.a. 26b Shortfall in the equity capital of majority owned financial entities which have not

been consolidated with the bank9n.a.

iatkc ,.M fla/ cSad


26lh vifj'kksfèkr isa'ku fufèk O;; 0 cklsy III ykxw gksus ls iwoZ lkekU; ÃfDoVh fV;j 1 ls lac) jkf'k ij ykxw fofu;ked lek;kstu 0 ftldk% lek;kstu ds uke dk mYys[k djsa] mnkgj.k ds fy,% ,,Q,l _.k

çfrHkwfr;ksa ij vewrZ gkfu gVkus ds ckn ¼Hkkjrh; lanHkZ esa ykxw ugÈ½ &

ftldk% lek;kstu ds uke dk mYys[k djsa] mnkgj.kkFkZ vLFkk;h vUrj ds dkj.k mRiUu gqÃ vkLFkfxr dj vkfLr;‚a]

&

ftldk% lek;kstu ds uke dk mYys[k djsa] mnkgj.kkFkZ vewrZ vkfLr;ka] & 27 vi;kZIr vfrfjä fV;j 1 rFkk fV;j 2 ds dkj.k dVkSrh dh HkjikÃ gsrq fV;j 1 ds

lkekU; ÃfDoVh ij ykxw fofu;ked lek;kstu 0

28 lkekU; ÃfDoVh fV;j 1 ij dqy fofu;ked lek'kksèku 2565-02 29 lkekU; ÃfDoVh fV;j 1 iw¡th ¼lhMZVh1½ 544470-93 vfrfjä fV;j 1 iw¡th% fy[kr 30 çR;{kr% tkjh ik= vfrfjä fV;j 1 fy[kr ,oa lacafèkr LV‚d ljIyl ¼31$$32½ 0-00 31 ftldk% fuèkkZfjr ekud ys[kkadu ds vèkhu ÃfDoVh ds :i esa ifjHkkf"kr ¼LFkk;h

vlap;h vfèkekfur 'ks;j½0-00

32 ftldk% fuèkkZfjr ekud ys[kkadu ds vèkhu ns;rkvksa ds :i esa ikfjHkkf"kr ¼LFkk;h _.k fy[kr½

0-00

33 vfrfjä fV;j 1 esa vlfEefyr çR;{kr% tkjh iw¡th fy[kr 0-00 34 vfrfjä fV;j 1 fy[kr ¼,oa lhÃVh1 fy[kr] ftls iafä 5 esa 'kkfey ugÈ fd;k x;k

gSA½] tks lgk;d dEifu;ksa }kjk tkjh fd, x, gksa ,oa rhljs i{k }kjk èkkfjr gksa ¼jkf'k lewg ,Vh1 gsrq Loh—r gSA½

0-00

35 ftldk% lgk;d dEifu;ksa }kjk tkjh fy[kr] ftls fudky fn;k x;k gks 0-00 36 fofu;ked lek;kstu ls iwoZ vfrfjä fV;j 1 iw¡th 0-00 vfrfjä fV;j 1 iw¡th% fofu;ked lek;kstu 37 Lo;a ds vfrfjä fV;j1 ds fy[kr esa fuos'k 0-00 38 vfrfjä fV;j 1 fy[kr esa ijLij çfrèkkfjrk 0-00 39 fofu;ked lesdu ds dk;Z{ks= ls ckgj cSaÇdx] foÙkh; ,oa chek dEifu;‚a] ekU; vfèkfoØ;

dh fLFkfr ds vuqlkj] tg‚a cSad ds ikl t+kjh fd, x, lkekU; 'ks;j iw¡th dk 100% ls vfèkd 'ks;jèkkfjrk uk gks, dh iw¡th esa fuos'k ¼vkjfEHkd 10çfr'kr jkf'k ls vfèkd½]

0-00

40 fofu;ked lesdu ds dk;Z{ks= ls ckgj cSaÇdx] foÙkh; ,oa chek dEifu;‚a] dh iw¡th esa egRoiw.kZ fuos'k] ¼ekU; vfèkfoØ; dh fLFkfr ds vuqlkj 'kq)½

0-00

41 jk"Vªh; fof'k"V fofu;ked lek;kstu 0-00 41, lokZfèkd LokfeRo okyh dEifu;‚a tks cSad ds lkFk lesfdr ugÈ dh x;È] ds vfrfjä

fV;j1 iw¡th esa deh 0-00

41ch cklsy III ykxw gksus ls iwoZ vfrfjä fV;j&1 iw¡th ls lac) jkf'k ij ykxw fofu;ked lek;kstu 0-00 ftldk lek;kstu ds uke dk mYys[k djsa] mnkgj.kkFkZ MhVh,] 0-00 ftldk% lek;kstu ds uke dk mYys[k djsa mnkgj.kkFkZ fo|eku lek;kstu] ftUgsa

50çfr'kr dh nj ls fV;j&1 ls dkVk x;k gS]0-00

ftldk% lek;kstu ds uke dk mYys[k djsa] 0-00 42 vi;kZIr fV;j 2 ds dkj.k dVkSrh dh HkjikÃ gsrq vfrfjä fV;j&1 ij ykxw

fofu;ked lek;kstu 0-00

43 vfrjfä fV;j&1 iw¡th ij ykxw dqy fofu;ked lek;kstu 0-00 44 vfrfjä fV;j&1 iw¡th ¼,Vh1½ 0-00 44, iw¡th i;kZIrrk gsrq j[kk x;k vfrfjä fV;j&1 iw¡th 0-00

Punjab & Sind Bank


26c Unamortised pension funds expenditures n.a. REGULATORY ADJUSTMENTS APPLIED TO COMMON EQUITY TIER 1 IN RESPECT OF

AMOUNTS SUBJECT TO PRE-BASEL III TREATMENT-

OF WHICH: [INSERT NAME OF ADJUSTMENT] For example: filtering out of unrealised losses on AFS debt securities (not relevant in Indian context)

-

OF WHICH: [INSERT NAME OF ADJUSTMENT e.g. DTAs] - OF WHICH: [INSERT NAME OF ADJUSTMENT e.g. intangible assets] -

27 Regulatory adjustments applied to Common Equity Tier 1 due to insufficient Additional Tier 1 and Tier 2 to cover deductions

28 Total regulatory adjustments to Common equity Tier 1 2565.02 29 Common Equity Tier 1 capital (CET1) 544470.93 Additional Tier 1 capital: instruments

30 Directly issued qualifying Additional Tier 1 instruments plus related stock surplus (31+32)

0.00

31 of which: classified as equity under applicable accounting standards (Perpetual Non-Cumulative Preference Shares)

0.00

32 of which: classified as liabilities under applicable accounting standards (Perpetual debt Instruments)

0.00

33 Directly issued capital instruments subject to phase out from Additional Tier 1 0.00 34 Additional Tier 1 instruments (and CET1 instruments not included in row 5) issued

by subsidiaries and held by third parties (amount allowed in group AT1)0.00

35 of which: instruments issued by subsidiaries subject to phase out 0.00 36 Additional Tier 1 capital before regulatory adjustments 0.00 Additional Tier 1 capital: regulatory adjustments

37 Investments in own Additional Tier 1 instruments 0.00 38 Reciprocal cross-holdings in Additional Tier 1 instruments 0.00 39 Investments in the capital of banking, financial and insurance entities that are

outside the scope of regulatory consolidation, net of eligible short positions, where the bank does not own more than 10% of the issued common share capital of the entity (amount above 10% threshold)

0.00

40 Significant investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation (net of eligible short positions10)

0.00

41 National specific regulatory adjustments 0.00 41a Shortfall in the Additional Tier 1 capital of majority owned financial entities which

have not been consolidated with the bank0.00

41b REGULATORY ADJUSTMENTS APPLIED TO ADDITIONAL TIER 1 IN RESPECT OF AMOUNTS SUBJECT TO PRE-BASEL III TREATMENT

OF WHICH: [INSERT NAME OF ADJUSTMENT e.g. DTAs] 0 0 OF WHICH: [INSERT NAME OF ADJUSTMENT e.g. existing adjustments which are

deducted from Tier 1 at 50%]0.00

OF WHICH: [INSERT NAME OF ADJUSTMENT] 0.00 42 Regulatory adjustments applied to Additional Tier 1 due to insufficient Tier 2 to

cover deductions0.00

43 Total regulatory adjustments to Additional Tier 1 capital 0.00 44 Additional Tier 1 capital (AT1) 0.00

44a Additional Tier 1 capital reckoned for capital adequacy 0.00

iatkc ,.M fla/ cSad


45 ¼fV;j&1 iw¡th ¼Vh1 $lhÃVh1$ ,Vh1½ ¼iafä 29$$ iafä 44,½ 544470-93 fV;j&2 iw¡th% fy[kr ,oa çkoèkku 46 çR;{kr% tkjh ik= fV;j 2 fy[kr ,oa lacafèkr LV‚d ljIyl 0-00 47 fV;j&2 esa ls çR;{kr% tkjh iw¡th fy[kr 50700-00 lckMÊusV

_.k 48 fV;j&2 fy[kr ¼,oa iafä 5 vFkok 34 esa lfEefyr ugÈ fd, x, lhÃVh1 vkSj ,Vh1

fy[kr½ tks lgk;d dEifu;ksa }kjk tkjh fd, x, gksa ,oa rhljs i{k }kjk èkkfjr gksa ¼jkf'k lewg fV;j&2 gsrq Loh—r dh x;h gksA½

0-00

49 ftldk% fudkys x, fy[kr tks lgk;d dEifu;ksa }kjk t+kjh fd, x, gksa 0-00 50 çkoèkku 47100-22 51 fofu;ked lek;kstu ls iwoZ fV;j&2 iw¡th 97800-22 fV;j&2 iw¡th% fofu;ked lek;kstu 52 Lo;a ds fV;j&2 fy[kr esa fuos'k 0-00 53 fV;j&2 fy[kr esa ijLij çfrèkkfjrk 2800-00 54 fofu;ked lesdu ds dk;Z{ks= ls ckgj cSaÇdx] foÙkh; ,oa chek dEifu;‚a] ekU; vfèkfoØ;

dh fLFkfr ds vuqlkj] tg‚a cSad ds ikl t+kjh fd, x, lkekU; 'ks;j iw¡th dk 10çfr'kr ls vfèkd 'ks;jèkkfjrk u gks] dh iw¡th esa fuos'k ¼vkjfEHkd 10 çfr'kr jkf'k ls vfèkd½]

0-00

55 fofu;ked lesdu ds dk;Z{ks= ls ckgj cSaÇdx] foÙkh; ,oa chek dEifu;‚a] dh iw¡th esa egRoiw.kZ fuos'k ¼ekU; vfèkfoØ; dh fLFkfr ds vuqlkj 'kq)½

0-00

56 fof'k"V jk"Vªh; fofu;ked lek;kstu ¼56,$56ch½ 0-00 56, lokZfèkd LokfeRo okyh foÙkh; dEifu;‚a] tks cSad ds lkFk lesfdr ugÈ dh x;È] ds

fV;j&2 iw¡th esa deh 0-00

56ch cklsy III ykxw gksus ls iwoZ fV;j 2 iw¡th ls lac) jkf'k ij ykxw fofu;ked lek;kstu 0-00 ftldk% lek;kstu ds uke dk mYys[k djsa mnkgj.kkFkZ fo|eku lek;kstu] ftUgsa

50çfr'kr dh nj ls fV;j&2 ls dkVk x;k gS]0-00

ftldk% lek;kstu ds uke dk mYys[k djsa] 0-00 57 fV;j&2 iw¡th esa dqy fofu;ked lek;kstu 2800-00 58 fV;j&2 iw¡th ¼Vh2½ 95000-22 58, iw¡th i;kZIrrk gsrq j[kk x;k fV;j&2 iw¡th 95000-22 58ch fV;j&2 ds :i esa j[kh x;h vU; vfrfjä fV;j&1 iw¡th 0-00 58lh iw¡th i;kZIrrk gsrq Loh—r dqy fV;j&2 iw¡th ¼iafä58,$iafä 58ch½ 95000-22 59 dqy iw¡th ¼Vhlh ¾ Vh1$Vh2½ ¼iafä 45$$iafä 58lh½ 639471-15 cklsy- III ykxw gksus ls iwoZ tksf[ke Hkkfjr vkfLr;ka ls lac) jkf'k ftldk% lek;kstu ds uke dk mYys[k djsa] ftldk% 60 dqy t+ksf[ke Hkkfjr vkfLr;ka ¼iafä 60,$iafä 60ch$iafä 60lh½ 5861436-10 60a, ftldk% dqy _.k t+ksf[ke Hkkfjr vkfLr;ka 5104909-62 60ch ftldk% dqy cktkj tksf[ke Hkkfjr vkfLr;ka 349438-70 60lh ftldk% dqy ifjpkfyr tksf[ke Hkkfjr vkfLr;ka 407087-78 iw¡th vuqikr 61 lkekU; ÃfDoVh fV;j&1 ¼tksf[ke Hkkfjr vkfLr;ksa ds çfr'kr ds :i esa½ 9-29% 62 fV;j&1 ¼tksf[ke Hkkfjr vkfLr;ksa ds çfr'kr ds :i esa½ 9-29% 63 dqy iw¡th ¼tksf[ke Hkkfjr vkfLr;ksa ds çfr"kr ds :i esa½ 10-91%

Punjab & Sind Bank


45 Tier 1 capital (T1 = CET1 + AT1) (row 29 + row 44a) 544470.93 Tier 2 capital: instruments and provisions

46 Directly issued qualifying Tier 2 instruments plus related stock surplus 0.00 47 Directly issued capital instruments subject to phase out from Tier 2 50700.00 Subordinate

Debt

48 Tier 2 instruments (and CET1 and AT1 instruments not included in rows 5 or 34) issued by subsidiaries and held by third parties (amount allowed in group Tier 2)

n.a.

49 of which: instruments issued by subsidiaries subject to phase out n.a. 50 Provisions 47100.22 51 Tier 2 capital before regulatory adjustments 97800.22 Tier 2 capital: regulatory adjustments

52 Investments in own Tier 2 instruments 0.00 53 Reciprocal cross-holdings in Tier 2 instruments 2800.00 54 Investments in the capital of banking, financial and insurance entities that are

outside the scope of regulatory consolidation, net of eligible short positions, where the bank does not own more than 10% of the issued common share capital of the entity (amount above the 10% threshold)

0.00

55 Significant investments in the capital banking, financial and insurance entities that are outside the scope of regulatory consolidation (net of eligible short positions13)

0.00

56 National specific regulatory adjustments (56a+56b) 0.00 56a Shortfall in the Tier 2 capital of majority owned financial entities which have not

been consolidated with the bank0.00

56b Regulatory Adjustments Applied to Tier 2 in Respect of Amounts Subject to Pre Basel III Treatment

0.00

Of Which: [Insert Name Of Adjustment e.g. existing adjustments which are deducted from Tier 2 at 50%]

0.00

Of Which: [Insert Name of Adjustment 0.00 57 Total regulatory adjustments to Tier 2 capital 2800 58 Tier 2 capital (T2) 95000.22

58a Tier 2 capital reckoned for capital adequacy14 95000.22 58b Excess Additional Tier 1 capital reckoned as Tier 2 capital 0.00 58c Total Tier 2 capital admissible for capital adequacy (row 58a + row 58b) 95000.22 59 Total capital (TC = T1 + T2) (row 45+row 58c) 639471.15

RISK WEIGHTED ASSETS IN RESPECT OF AMOUNTS SUBJECT TO PRE-BASEL III TREATMENT

OF WHICH: [INSERT NAME OF ADJUSTMENT] OF WHICH: …

60 Total risk weighted assets (row 60a +row 60b +row 60c) 5861436.10 60a of which: total credit risk weighted assets 5104909.62 60b of which: total market risk weighted assets 349438.70 60c of which: total operational risk weighted assets 407087.78

Capital ratios 61 Common Equity Tier 1 (as a percentage of risk weighted assets) 9.29% 62 Tier 1 (as a percentage of risk weighted assets) 9.29% 63 Total capital (as a percentage of risk weighted assets) 10.91%

iatkc ,.M fla/ cSad


64 laLFkk fo"k;d cQ+j vkoÜz;drk ¼U;wure lhÃVh1 vko';drk lg iw¡th vfHk:irk ,oa çfrpØh; cQ+j vko';drk,a tksf[ke Hkkfjr vkfLr;ksa ds çfr'kr ds :i esa½

6-125%

65 ftldk% iw¡th vfHk:irk cQ+j vko';drk 0-625% 66 ftldk% cSad fo"k; çfrpØh; cQ+j vko';drk & 67 ftldk% th-,lvkÃch cQ+j vko';drk & 68 cQj dh iwZfr gsrq miyCèk lkekU; ÃfDoVh fV;j&1 ¼tksf[ke Hkkfjr vkfLr;ksa ds

çfr'kr ds :i esa½3-79%

jk"Vªh; fefuek ¼;fn cklsy III ls fHkUu gS½ 69 jk"Vªh; lkekU; ÃfDoVh fV;j&1 U;wure vuqikr ¼;fn U;wure cklsy III ls fHkUu gks½ 5-50%

70 jk"Vªh; fV;j&1 U;wure vuqikr ¼;fn U;wure cklsy III ls fHkUu gks½ 7% 71 jk"Vªh; ldy iw¡th U;wure vuqikr ¼;fn U;wure cklsy III ls fHkUu gks½ 9-625% dVkSrh gsrq fuèkkZfjr lhek ls de jkf'k ¼tksf[ke Hkkfjr ls iwoZ½ 72 vU; foÙkh; dEifu;ksa dh iw¡th esa xSj egRoiw.kZ fuos'k 0 73 foÙkh; dEifu;ksa dh lkekU; iw¡th esa egRoiw.kZ fuos'k 9452-42 74 caèkd lZÇoflx vfèkdkj ¼vU; foÙkh; dEifu;ksa dh iw¡th esa xSj egRoiw.kZ fuos'k½ Hkkjr esa ykxw

ugÈ

75 vLFkk;h fHkUurk ds dkj.k mRiUu gqÃ dj vkfLr;ka ¼lacafèkr dj ns;rk dk fuoy½ fV;j&2 esa çkoèkkuksa ds lesdu ij ykxw mPpre lhek 76 ekudh—r –f"Vdks.k ls ,Dlikstj ds lanHkZ esa fV;j&2 esa lesdu gsrq çk= çkoèkku

¼mPpre lhek ykxw gksus ls iwoZ½47100-22

77 ekudh—r –f"Vdks.k ds vèkhu fV;j&2 esa çkoèkkuksa ds lesdu dh mPpre lhek 63811-37 78 vkarfjd jsaÇVx –f"Vdks.k vkèkkj ij ,Dlikstj ds lanHkZ esa fV;j 2 esa lesdu gsrq çk=

çkoèkku ¼mPpre lhek ykxw gksus ls iwoZ½ykxw ugÈ

79 vkarfjd jsÇVx –f"Vdks.k ls fV;j 2 esa çkoèkkuksa ds lesdu gsrq mPpre lhek ykxw ugÈ Q+st vkmV dh O;oLFkk ij iw¡th fy[kr ¼dsoy 1 vçsy] 2018 ls 31 ekpZ 2022 ds chp ykxw½ 80 Q+st vkmV dh O;oLFkk ij lhÃVh1 fy[kr ij djsaV mPpre lhek

Hkkjr esa ykxw ugÈ

81 mPpre lhek ds dkj.k lhÃVh 1 esa 'kkfey u dh x;h jkf'k ¼iqu% çkfIr ,oa ifjiDork ds ckn mPpre lhek ls vfrfjä½

82 Q+st vkmV dh O;oLFkk ij ,Vh1 fy[kr ij djsaV mPpre lhek 83 mPpre lhek ds dkj.k ,Vh 1 esa 'kkfey u dh x;h jkf'k ¼iqu% çkfIr ,oa ifjiDork

ds ckn mPpre lhek ls vfrfjä½

84 Q+st vkmV dh O;oLFkk ij Vh 2 fy[kr ij djsaV mPpre lhek

85 mPpre lhek ds dkj.k Vh 2 esa 'kkfey u dh x;h jkf'k ¼iqu% çkfIr ,oa ifjiDork ds ckn mPpre lhek ls vfrfjä½

rkfydk Mh-,Q-&12 & iw¡th dk la;kstu –lekèkku vis{kk,a

ykxw ugÈ gS D;ksafd forh; fooj.k esa fn;k x;k cSad dk rqyu i= vkSj fofu;ked nk;js ds varxZr vkus okyk rqyui= ,d ls gSaA

Punjab & Sind Bank


64 Institution specific buffer requirement (minimum CET1 requirement plus capital conservation and countercyclical buffer requirements, expressed as a percentage of risk weighted assets)

6.125%

65 of which: capital conservation buffer requirement 0.625% 66 of which: bank specific countercyclical buffer requirement - 67 of which: G-SIB buffer requirement - 68 Common Equity Tier 1 available to meet buffers (as a percentage of risk weighted

assets)3.79%

National minima (if different from Basel III) 69 National Common Equity Tier 1 minimum ratio (if different from Basel III

minimum)5.50%

70 National Tier 1 minimum ratio (if different from Basel III minimum) 7% 71 National total capital minimum ratio (if different from Basel III minimum) 9.625% Amounts below the thresholds for deduction (before risk weighting)

72 Non-significant investments in the capital of other financials 0 73 Significant investments in the common stock of financials 9452.42 74 Mortgage servicing rights (net of related tax liability) - 75 Deferred tax assets arising from temporary differences (net of related tax liability) 0.00 Applicable caps on the inclusion of provisions in Tier 2

76 Provisions eligible for inclusion in Tier 2 in respect of exposures subject to standardised approach (prior to application of cap)

47100.22

77 Cap on inclusion of provisions in Tier 2 under standardised approach 63811.37 78 Provisions eligible for inclusion in Tier 2 in respect of exposures subject to internal

ratings-based approach (prior to application of cap)n.a.

79 Cap for inclusion of provisions in Tier 2 under internal ratings-based approach n.a. Capital instruments subject to phase-out arrangements (only applicable between April 1, 2018

and March 31, 2022)

80 Current cap on CET1 instruments subject to phase out arrangements Not applicable in

India

81 Amount excluded from CET1 due to cap (excess over cap after redemptions and

maturities)

82 Current cap on AT1 instruments subject to phase out arrangements 83 Amount excluded from AT1 due to cap (excess over cap after redemptions and

maturities)

84 Current cap on T2 instruments subject to phase out arrangements 85 Amount excluded from T2 due to cap (excess over cap after redemptions and

maturities)

Table DF 12 –Composition of Capital- Reconciliation Requirements-

Not applicable as the Bank’s Balance sheet as in Financial Statement is same as Balance sheet under regulatory scope of consolidation

iatkc ,.M fla/ cSad


Mh&,

Q&1

3&fo

fu;ke

d i

wath fy

[kr

ksa eq[; fo'k

s"krk,

a

fV;j

&2

ck.M

l ¼lckMÊusV

_.k fy[kr½

Øe

la[;

kfo

fu;ke

d i

wath çy

s[kksa dh eq[;

fo'

ks"krk

vksa ds fy,

çd

Vhdj.

k VsE

iysV

¼fMl

Dykst

+j VsE

iysV½

lhj

ht&I

X¾10

0 djk

sM+l

hjht

&X¾40

0 djk

sM+ l

hjht

&XI¾

175

djk

sM+l

hjht

&XII¾

200

djk

sM+l

hjht

&XIII

¾30

0 djk

sM+

1-tkjhd

rkZ

iatkc ,

.M Çlèk

cSadiat

kc ,

.M Çlèk

cSadiat

kc ,

.M Çlèk

cSadiat

kc ,

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cSadiat

kc ,

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cSad

2-;wfud

igp

kudrkZ¼v

FkkZR k l

h&;w&

,l&vkÃ&ih&]

vkÃ&,l

&vkÃ&,u

& v

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kÃosV

IyslesaV

ds fy,

Cywec

xZ i

gpkudrkZ½

vkÃ&,u

&Ã&

608,

0908

0vkÃ&,u

&Ã&

608,

0909

8vkÃ&,u

&Ã&

608,

0911

4vkÃ&,u

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608,

0912

2vkÃ&,u

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608]09

130

3-fy

[kr

ds 'kkl

h foèkku

çfrH

kwfr l

afonk fçfrH

kwfr

lafonk fofu;

eu v

fèkfu;e

19

56] daiu

h vfèkfu;e

19

56] cSaÇdx

daifu;

ksa

¼vfèkxzg

.k ,

oa miØ

eksa d

k varj

.k½ vfèkfu;e

198

0 fMi‚ft

Vjht

¼tek d

rkZ½

vfèku;

e 19

96] Hkkjr

ljd

kj] Hkkjr

h; fjt

+oZ cSad

]lsch] lacafèkr

LV‚d

,Dlpsat] daiafu;

ksa ds

fy,

¼dsUæ

h; l

jdkj½ ds

lkekU;

fu;

e ,o

a çk:

i]

1956

½ ds v

uqcaèk&

x ,

oa @

vFkok

vuqc

aèk&?k e

sa ;F

kk mfYyf[kr m

icaèk

çfrH

kwfr l

afonk fofu;

eu

vfèkfu;e

195

6] d

aiuh

vfèkfu;e

195

6] c

SaÇdx

daifu;

ksa ¼v

fèkxzg

.k ,

oa mi

Øeksa d

k varj

.k½

vfèkfu;e

198

0 fMi‚ft

Vjht

¼tek d

rkZ½

vfèku;

e 19

96] Hkkjr

ljd

kj] Hkkjr

h; fjt

+oZ cSad

]lsch] lacafèkr

LV‚d

,Dlpsat

] daiafu;

ksa ds

fy,

¼dsUæ

h; l

jdkj½ ds

lkekU;

fu;

e ,o

a çk:

i]

1956

½ ds v

uqcaèk&

x ,

oa @

vFkok vuqc

aèk&?k

esa ;F

kk mfYy

f[kr m

icaèk

çfrH

kwfr l

afonk fofu;

eu

vfèkfu;e

195

6] d

aiuh

vfèkfu;e

195

6] c

SaÇdx

daifu;

ksa ¼v

fèkxzg

.k ,

oa mi

Øeksa d

k varj

.k½

vfèkfu;e

198

0 fMi‚ft

Vjht

¼tek d

rkZ½

vfèku;

e 19

96] Hkkjr

ljd

kj] Hkkjr

h; fjt

+oZ cSad

]lsch] lacafèkr

LV‚d

,Dlpsat

] daiafu;

ksa ds

fy,

¼dsUæ

h; l

jdkj½ ds

lkekU;

fu;

e ,o

a çk:

i]

1956

½ ds v

uqcaèk&

x ,o

a@

vFkok vuqc

aèk&?k

esa ;F

kk mfYy

f[kr m

icaèk

çfrH

kwfr l

afonk fofu;

eu

vfèkfu;e

195

6] d

aiuh

vfèkfu;e

195

6] c

SaÇdx

daifu;

ksa ¼v

fèkxzg

.k ,

oa mi

Øeksa d

k varj

.k½

vfèkfu;e

198

0 fMi‚ft

Vjht

¼tek d

rkZ½

vfèku;

e 19

96] Hkkjr

ljd

kj] Hkkjr

h; fjt

+oZ cSad

]lsch] lacafèkr

LV‚d

,Dlpsat] daiafu;

ksa ds

fy,

¼dsUæ

h; l

jdkj½ ds

lkekU;

fu;

e ,o

a çk:

i]

1956

½ ds v

uqcaèk&

x ,o

a@vFkok vuqc

aèk&?k

esa ;F

kk mfYy

f[kr m

icaèk

çfrH

kwfr l

afonk fofu;

eu v

fèkfu;e

19

56] daiu

h vfèkfu;e

195

6] c

SaÇdx

daifu;

ksa ¼v

fèkxzg.

k ,o

a miØ

eksa d

k varj

.k½ vfèkfu;e

198

0 fMi‚ft

Vjht

¼t

ek d

rkZ½ vfèku;

e 19

96] Hkkjr

ljd

kj] Hkkjr

h; fjt

+oZ cSad

]lsch]

lacafèkr

LV‚d ,

Dlpsat] daiafu;

ksa ds

fy,

¼dsUæ

h; l

jdkj½ ds l

kekU;

fu;e

,oa

çk:i] 1

956½ d

s vuqc

aèk&x

,oa@

vFkok vuqc

aèk&?k e

sa ;Fkk

mfYyf[kr m

icaèk

fofu

;ke

d O;ogk

j

4-Vªkaft

'kuy

ckl

y&

III fu;

efV;j

&2

fV;j

&2

fV;j

&2

fV;j

&2

fV;j

&2

5-iksLV

Vªkaft

'kuy

csly&

III fu;

efV;j

&2

fV;j

&2

fV;j

&2

fV;j

&2

fV;j

&2

6-,d

y@

lewg

@lewg

rFkk ,d

y Lrj

ij ik=

,dy

,dy

,dy

,dy

,dy

7-fy

[kr

Lo:i

fV;j

II _

.k fy[kr

fV;j

II _

.k fy[kr

fV;j

II _

.k fy[kr

fV;j

II _

.k fy[kr

fV;j

II _

.k fy[kr

8-fofu;ked

iwath ds v

arxZr

ekU;

jkf'

k&¼d

jksM+

:i;

ksa esa

½#i,

&36

djksM+

#i,

192

djksM+

#i,

&84

djksM+

#i,

&11

2 djksM+

#i,

&18

0 djksM+

9-fy

[kr

dk lee

wY;:i,

100

0000

:i,

100

0000

:i,

100

0000

:i,

100

0000

:i,

100

0000

10-

ys[kkad

u ds v

uqlkj o

xÊd

j.k

ns;rk¼_

-k½ns;

rk¼_

.k½

ns;rk¼_

.k½

ns;rk¼_

.k½

ns;rk¼_

.k½

11-

t+kjh dju

s dh ewy

frfFk

15&02

&20

0822

&09

&20

0826

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&20

0911

&01

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1024

&06

&20

11

12-

lrR

vFkok fnu

kafdr

fnukafd

rfnukafd

rfnukafd

rfnukafd

rfnukafd

r

13-

ewy i

fjiô

ork frfFk

15&05

&20

1822

&04

&20

1926

&04

&20

1911

&04

&20

2024

&10

&20

21

14-

t+kjh drkZ d

h dk¡y

] iwo

Z i;Zo

s{kh; v

uqeksnu

dh

'krZ

ijA

th ug

Èth ug

Èth ug

Èth ug

Èth gka

15-

v‚I'

kuy d

ky d

h frfFk]

vkd

fLed

dy frfFk ,

oa ekspu

jkf'k

ykxw u

gÈykxw u

gÈykxw u

gÈykxw u

gÈ24

&06

&20

17] le

ewY;

ij e

kspu

16-

vkxkeh dky

dh frfFk;k¡]

¼;fn y

kxw g

ks½ykxw u

gÈykxw u

gÈykxw u

gÈykxw u

gÈykxw u

gÈ

dwiu

@ykHkka"k

17-

fuèkkZfjr

vFkok i

fjor

Zuh;

ykHkka'k@

dwiu

fuèkkZfjr

fuèkkZfjr

fuèkkZfjr

fuèkkZfjr

fuèkkZfjr

18-

dwiu

nj ,o

a vU;

lacafèkr

lwpdkad

9-10

%11

-05%

8-70

%8-70

%9-73

%

Punjab & Sind Bank


Tabl

e DF

13

– M

ain

feat

ures

of R

egul

ator

y Ca

pita

l Ins

trum

ents

Sr.

No

Disc

losu

re te

mpl

ate

for m

ain

feat

ures

of

regu

lato

ry c

apita

l ins

trum

ents

Serie

s- IX

= 10

0 cr

ore

Serie

s- X

=40

0 cr

ore

Serie

s- X

I = 1

75 c

rore

Se

ries -

XII

=200

cro

re

SERI

ES- X

III =

300

cror

e

1Is

suer

Punj

ab &

Sin

d Ba

nkPu

njab

& S

ind

Bank

Punj

ab &

Sin

d Ba

nkPu

njab

& S

ind

Bank

Punj

ab &

Sin

d Ba

nk

2U

niqu

e id

entifi

er (e

.g. C

USI

P, IS

IN o

r Bl

oom

berg

iden

tifier

for p

rivat

e pl

acem

ent)

INE6

08A0

9080

INE6

08A0

9098

INE6

08A0

9114

INE6

08A0

9122

INE6

08A0

9130

3Go

vern

ing

law

(s) o

f the

inst

rum

ent

Secu

ities

Con

tract

Re

gula

tion

Act 1

956,

Co

mpa

nies

Act

195

6,

Bank

ing

com

pani

es(a

cqui

sition

an

d tra

nsfe

r of

unde

rtak

ings

) act

19

80, D

epos

itorie

s Ac

t 199

6, G

OI, R

BI,

SEBI

, Con

cern

ed S

tock

Ex

chan

ges.

.pro

visio

ns

cont

aine

d in

ann

exur

e C

and/

or a

nnex

ure

D to

th

e co

mpa

nies

(Cen

tral

Gove

rnm

ent's

) Gen

eral

ru

les a

nd fo

rms 1

956.

Secu

ities

Con

tract

Re

gula

tion

Act

1956

, Com

pani

es

Act 1

956,

Ban

king

co

mpa

nies

(acq

uisiti

on

and

trans

fer o

f un

derta

king

s) a

ct

1980

, Dep

osito

ries

Act 1

996,

GOI

, RBI

, SE

BI, C

once

rned

Sto

ck

Exch

ange

s. .p

rovi

sions

co

ntai

ned

in a

nnex

ure

C an

d/or

ann

exur

e D

to

the

com

pani

es (C

entra

l Go

vern

men

t's) G

ener

al

rule

s and

form

s 195

6.

Secu

ities

Con

tract

Re

gula

tion

Act

1956

, Com

pani

es

Act 1

956,

Ban

king

co

mpa

nies

(acq

uisiti

on

and

trans

fer o

f un

dert

akin

gs) a

ct

1980

, Dep

osito

ries

Act 1

996,

GOI

, RBI

, SE

BI, C

once

rned

Sto

ck

Exch

ange

s. .p

rovi

sions

co

ntai

ned

in a

nnex

ure

C an

d/or

ann

exur

e D

to

the

com

pani

es (C

entra

l Go

vern

men

t's) G

ener

al

rule

s and

form

s 195

6.

Secu

ities

Con

tract

Re

gula

tion

Act

1956

, Com

pani

es

Act 1

956,

Ban

king

co

mpa

nies

(acq

uisiti

on

and

trans

fer o

f un

dert

akin

gs) a

ct

1980

, Dep

osito

ries

Act 1

996,

GOI

, RBI

, SE

BI, C

once

rned

Sto

ck

Exch

ange

s. .p

rovi

sions

co

ntai

ned

in a

nnex

ure

C an

d/or

ann

exur

e D

to

the

com

pani

es (C

entra

l Go

vern

men

t's) G

ener

al

rule

s and

form

s 195

6.

Secu

ities

Con

trac

t Reg

ulati

on

Act 1

956,

Com

pani

es A

ct 1

956,

Ba

nkin

g co

mpa

nies

(acq

uisiti

on

and

tran

sfer

of u

nder

taki

ngs)

ac

t 198

0, D

epos

itorie

s Act

199

6,

GOI,

RBI,

SEBI

, Con

cern

ed S

tock

Ex

chan

ges.

prov

ision

s con

tain

ed

in a

nnex

ure

C an

d/or

ann

exur

e D

to th

e co

mpa

nies

(Cen

tral

Go

vern

men

t's) G

ener

al ru

les

and

form

s 195

6.

Re

gula

tory

trea

tmen

t

4Tr

ansiti

onal

Bas

el II

I rul

esTi

er II

Tier

IITi

er II

Tier

IITi

er II

5Po

st-t

rans

ition

al B

asel

III r

ules

Tier

IITi

er II

Tier

IITi

er II

Tier

II

6El

igib

le a

t sol

o/gr

oup/

gro

up &

solo

Solo

Solo

Solo

Solo

Solo

7In

stru

men

t typ

eTi

er II

deb

t in

stru

men

tsTi

er II

deb

t in

stru

men

tsTi

er II

deb

t in

stru

men

tsTi

er II

deb

t in

stru

men

tsTi

er II

deb

t ins

trum

ents

8Am

ount

reco

gnise

d in

regu

lato

ry c

apita

l (Rs

. in

Cro

res

Rs 3

6 Cr

ores

Rs 1

92 C

rore

sRs

84

Cror

esRs

112

Cro

res

Rs 1

80 C

rore

s

9Pa

r val

ue o

f ins

trum

ent

Rs. 1

0000

00Rs

. 100

0000

Rs. 1

0000

00Rs

. 100

0000

Rs. 1

0000

00

10Ac

coun

ting

clas

sifica

tion

Liab

ility

(Bor

row

ing)

Liab

ility

(Bor

row

ing)

Liab

ility

(Bor

row

ing)

Liab

ility

(Bor

row

ing)

Liab

ility

(Bor

row

ing)

11O

rigin

al d

ate

of is

suan

ce15

.02.

2008

22.0

9.20

0826

.06.

2009

11.0

1.20

1024

.06.

2011

12Pe

rpet

ual o

r dat

edDa

ted

Date

dDa

ted

Date

dDa

ted

13O

rigin

al m

atur

ity d

ate

15.0

5.20

1822

.04.

2019

26.0

4.20

1911

.04.

2020

24.1

0.20

21

14Is

suer

cal

l sub

ject

to p

rior s

uper

viso

ry

appr

oval

No

No

No

No

Yes

15O

ption

al c

all d

ate,

con

tinge

nt c

all d

ates

and

re

dem

ption

am

ount

NA

NA

NA

NA

24.0

6.20

17 re

dem

tion

at p

ar

16Su

bseq

uent

cal

l dat

es, i

f app

licab

leN

AN

AN

AN

AN

A

Co

upon

s / d

ivid

ends

17Fi

xed

or fl

oatin

g di

vide

nd/c

oupo

nFi

xed

Fixe

dFi

xed

Fixe

dFi

xed

18Co

upon

rate

and

any

rela

ted

inde

x9.

10%

11.0

5%8.

70%

8.70

%9.

73%

iatkc ,.M fla/ cSad


19-

ykHkka'k jksèkd

dh O;kfIr

th ug

Èth ug

Èth ug

Èth ug

Èth ug

È

20-

iw.kZr% foosd

kuqlkj] vkaf'

kd foo

sdkuqlkj v

Fkok

vfuok;Z

vfuok;Z

vfuok;Z

vfuok;Z

vfuok;Z

vfuok;Z

21-

LVsi&

vi d

h O;kfIr

vFkok ekspu

gsrq v

U; ç

ksRlkgu

th ug

Èth ug

Èth ug

Èth ug

Èth ug

È

22-

vlap;h v

Fkok l

ap;h

xSj lap;h

xSj lap;h

xSj lap;h

xSj lap;h

xSj lap;h

23-

ifjo

rZuh; v

Fkok v

ifjo

rZuh;

vifjo

rZuh;

vifjo

rZuh;

vifjo

rZuh;

vifjo

rZuh;

vifjo

rZuh;

24-

;fn

ifjo

rZuh; g

S rks ifjo

rZu g

srq fVªxj¼,l

½

ykxw u

gÈykxw u

gÈykxw u

gÈykxw u

gÈykxw u

gÈ

25-

;fn

ifjo

rZuh; g

S rks iw.

kZr% vFkok v

kaf'kd

ykxw u

gÈykxw u

gÈykxw u

gÈykxw u

gÈykxw u

gÈ

26-

;fn

ifjo

rZuh; g

S rks ifjo

rZu n

j ykxw u

gÈykxw u

gÈ

ykxw u

gÈykxw u

gÈykxw u

gÈ

27-

;fn

ifjo

rZuh; g

S rks ifjo

rZu v

fuok;Z

gS vFkok

oSdfYid

ykxw u

gÈykxw u

gÈykxw u

gÈykxw u

gÈykxw u

gÈ

28-

;fn

ifjo

rZuh; g

S rks fd

l fy[kr

esa ifjo

rZuh; g

S mldk çd

kj foÆufn"V

djsa

ykxw u

gÈykxw u

gÈykxw u

gÈykxw u

gÈykxw u

gÈ

29-

;fn

ifjo

rZuh; g

S rks ifjo

rZu fd,

tkus o

kys

fy[kr

ds t

+kjhd

rkZ d

ks foÆufn"V d

jsaAykxw u

gÈykxw u

gÈykxw u

gÈykxw u

gÈykxw u

gÈ

30-

voy

s[ku

ds y

{k.k

th ug

Èth ug

Èth ug

Èth ug

Èth ug

È

31-

voy

s[ku

dh n'

kk esa

voy

s[ku

ds fVªx

jykxw u

gÈykxw u

gÈykxw u

gÈykxw u

gÈykxw u

gÈ

32-

voy

s[ku

dh n'

kk esa

iw.kZr% vFkok v

kaf'kd

ykxw u

gÈykxw u

gÈykxw u

gÈykxw u

gÈykxw u

gÈ

33-

voy

s[ku

dh n'

kk esa

LFkk;h gSa

vFkok v

LFkk;

hykxw u

gÈykxw u

gÈykxw u

gÈykxw u

gÈykxw u

gÈ

34-

;fn

vLFkk;

h voy

s[ku

gSa rks v

kys[ku

ra= d

k fooj

.kykxw u

gÈykxw u

gÈykxw u

gÈykxw u

gÈykxw u

gÈ

35-

ifjl

ekiu

dh n'

kk esa

çfrL

Fkkiu

inØe

dh fLFkfr

¼fy[kr

dk çd

kj ¼bl

fy[kr

ds ,

dne

vkxs d

s fy

[kr

ds ç

dkj d

ks foÆufn"V d

jsaA½

vlqjf{kr

ns;rk ¼tekdrkZ

rFkk

lkekU;

ysun

kj½

vlqjf{kr

ns;rk ¼tekdrkZ

rFkk

lkekU;

ysun

kj½

vlqjf{kr

ns;rk ¼tekdrkZ

rFkk

lkekU;

ysun

kj½

vlqjf{kr

ns;rk ¼tekdrkZ

rFkk

lkekU;

ysun

kj½

vlqjf{kr

ns;rk ¼tekdrkZ r

Fkk

lkekU;

ysun

kj½

36-

laØe.

kdky

hu v

uuqikyu

Lo:i

th gk¡

th gk¡

th gk¡

th gk¡

th gk¡

37-

;fn

gk¡ r

ks vuu

qikyu

dk Lo

:i

fofgr

djsaA

vO;og

k;Zrk d

h lhek

vO;og

k;Zrk d

h lhek

vO;og

k;Zrk d

h lhek rF

kk mä m

fYyf[kr c

k.M d

h ifji

Dork 1

0 o"kks±

ls d

e

vO;og

k;Zrk d

h lhek

vO;og

k;Zrk d

h lhek

Punjab & Sind Bank


19Ex

isten

ce o

f a d

ivid

end

stop

per

No

No

No

No

No

20Fu

lly d

iscre

tiona

ry, p

artia

lly d

iscre

tiona

ry o

r m

anda

tory

Man

dato

ryM

anda

tory

Man

dato

ryM

anda

tory

Man

dato

ry

21Ex

isten

ce o

f ste

p up

or o

ther

ince

ntive

to

rede

emN

oN

oN

oN

oN

o

22N

oncu

mul

ative

or c

umul

ative

Non

cum

ulati

veN

oncu

mul

ative

Non

cum

ulati

veN

oncu

mul

ative

Non

cum

ulati

ve

23Co

nver

tible

or n

on-c

onve

rtibl

eN

onco

nver

tible

Non

conv

ertib

leN

onco

nver

tible

Non

conv

ertib

leN

onco

nver

tible

24If

conv

ertib

le, c

onve

rsio

n tr

igge

r(s)

NA

NA

NA

NA

NA

25If

conv

ertib

le, f

ully

or p

artia

llyN

AN

AN

AN

AN

A

26If

conv

ertib

le, c

onve

rsio

n ra

teN

AN

AN

AN

AN

A

27If

conv

ertib

le, m

anda

tory

or o

ption

al

conv

ersio

nN

AN

AN

AN

AN

A

28If

conv

ertib

le, s

peci

fy in

stru

men

t typ

e co

nver

tible

into

NA

NA

NA

NA

NA

29If

conv

ertib

le, s

peci

fy is

suer

of i

nstr

umen

t it

conv

erts

into

NA

NA

NA

NA

NA

30W

rite-

dow

n fe

atur

eN

ON

ON

ON

ON

O

31If

writ

e-do

wn,

writ

e-do

wn

trig

ger(

s)N

AN

AN

AN

AN

A

32If

writ

e-do

wn,

full

or p

artia

lN

AN

AN

AN

AN

A

33If

writ

e-do

wn,

per

man

ent o

r tem

pora

ryN

AN

AN

AN

AN

A

34If

tem

pora

ry w

rite-

dow

n, d

escr

iptio

n of

w

rite-

up m

echa

nism

NA

NA

NA

NA

NA

35Po

sition

in su

bord

inati

on h

iera

rchy

in

liqui

datio

n (s

peci

fy in

stru

men

t typ

e im

med

iate

ly se

nior

to in

stru

men

t)

UNSE

CURE

D LI

ABIL

ITIE

S (d

epos

itors

&

gen

eral

cre

dito

rs))

UNSE

CURE

D LI

ABIL

ITIE

S (d

epos

itors

&

gen

eral

cre

dito

rs))

UNSE

CURE

D LI

ABIL

ITIE

S (d

epos

itors

&

gen

eral

cre

dito

rs))

UNSE

CURE

D LI

ABIL

ITIE

S (d

epos

itors

&

gen

eral

cre

dito

rs))

UN

SECU

RED

LIAB

ILIT

IES

(dep

osito

rs &

gen

eral

cr

eedi

tors

))

36N

on-c

ompl

iant

tran

sition

ed fe

atur

esYE

SYE

SYE

SYE

SYE

S

37If

yes,

spec

ify n

on-c

ompl

iant

feat

ures

Poin

t of n

on-v

iabi

lity.

Poin

t of n

on-v

iabi

lity.

Poin

t of n

on-v

iabi

lity

and

mat

urity

of t

he

abov

e m

entio

ned

bond

is le

ss th

an 1

0 ye

ars.

Poin

t of n

on-v

iabi

lity.

Poin

t of n

on-v

iabi

lity.

iatkc ,.M fla/ cSad


rkfydk Mh&,Q&14 & fofu;ked iwath fy[kr ds iw.kZ fu;e ,oa 'krs±1- ck.M fuxZeu & IX 100 djksM+ :i, orZeku b';w dh 'krs±

iatkc ,.M Çlèk cSad dqy 100 djksM+ :i;ksa ds vlqjf{kr vifjorZuh; çfrns; lcksZfMusVsM ck.M ¼lhjht&IX½ ds va'knku gsrq is'kd'k vkeaf=r djrk gS tks fd çR;sd 10]00]000@-:i;ksa ds udn leewY; ij opu i= ds :i esa gSA

;s ck.M cSaÇdx daiuh ¼vfèkxzg.k ,oa miØeksa dk varj.k½ vfèkfu;e] 1970] daiuh vfèkfu;e] 1956] çfrHkwfr lafonk fu;eu vfèkfu;e] 1956 ds micaèkksa] bl lwpuk Kkiu dh 'kÙkks±] vkosnu i= esa mfYyf[kr vuqns'kksa rFkk U;klh le>kSrk rFkk ck.M VªLV MhM esa 'kkfey fd, tkus okys vU; fu;eksa ,oa 'kÙkks± ds vè;kèkhu gSA ,sls fu;e ,oa 'kÙkks± ds vfrfjä] ;s ck.M fMi‚ftVjh vfèkfu;e] 1996 ds vuqç;ksT; micaèkksa rFkk ;Fkk vuqç;ksT; foèkkuksa] fn'kk&funsZ'kks] vfèklwpukvksa ,oa vkcaVu rFkk iwath tkjh djus rFkk Hkkjr ljdkj] Hkkjrh; fjt+oZ cSad] Hkkjrh; çfrHkwfr ,oa fofu;e cksMZ ¼lsch½] lacafèkr LV‚d ,Dlpsat vFkok vU; çkfèkdj.kksa }kjk le;≤ ij t+kjh çfrHkwfr;ksa dks lwphc) djus ls lacafèkr fofu;eksa ,oa ck.M ds lacaèk esa rS;kj fd, tkus okys vU; nLrkotksa ds Hkh vè;kèkhu gksaxsA

ck.Mksa dh ç—fr ,oa vofLFkfr;s ck.M vlqjf{kr vifjoÙkZuh; çfrns; lcksZfMusVsM ck.M ¼lhjht&IX½ ds :i esa rFkk opui=ksa ds :i esa fuxZr fd, tkus gSaA bu ckaMksa esa cSad ds çR;{k] vlqjf{kr ,oa xkS.k nkf;Ro 'kkfey gksaxs tks cSad ds orZeku@Hkfo"; esa tkjh gksus okys xkS.k _.kksa ds led{k gksaxs rFkk cSad ds vU; lHkh _.kèkkjdksa ,oa tekdrkZvksa dks fd, tkus okys ewyèku rFkk C;kt ds iqu% Hkqxrku ds nkoksa ds ckn ns; gksaxsA ;s ck.M fdlh çfrcaèkkRed èkkjkvksa ls eqä gksaxs rFkk ;s èkkjd ds ç;kl ek= rFkk fcuk Hkkjrh; fjt+oZ cSad dh vuqefr ds çfrns; ugÈ gksaxs

b';w dk mís';cSad ds fV;j&II iwath esa o`f) ds fy, orZeku ck.Mksa dks t+kjh fd;k tk jgk gS rkfd cSad dh iwathxr i;kZIrrk lq–<+ gks lds vkSj cSad ds nh?kkZofèkd lalkèkuksa dks c<+k;k tk ldsA orZeku b';w ij gksus okys O;; dk ogu cSad }kjk fd;k tk,xkA ftu xfrfofèk;ksa dks djus ds fy, orZeku b';w ds ekè;e ls fufèk;k¡ lZftr dh tk jgh gSa muds fy, ,oa cSad }kjk b';w dh frfFk rd dh tk jgh xfrfofèk;ksa ds fy, cSad ds laLFkkiu çys[k dk eq[; mís'; [kaM lkeF;Z çnku djrk gSA bl b';w ls tqVkÃ x;h èkujkf'k dk cSad }kjk viuh fu;fer O;olkf;d xfrfofèk;ksa ds fy, mi;ksx fd;k tk,xkA

fy[kr ,oa t+kjh djus ds fooj.k ij ,d ut+j

b';w dk vkdkj 100 djksM+ :i,b';w dk mís'; cSad dh iwath i;kZIrrk dks lq–<+ djus ,oa nh?kZdkyhu lalkèkuksa dks c<+kus gsrq fV;j&II iwath esa vfHko`f) djuk Afy[kr opu i= ds :i esa vlqjf{kr vifjoÙkZuh; çfrns; lcksZfMusVsM fV;j&II ck.M ¼lhjht&IX½fy[kr dk :i MhesV Q‚eZ esa ØsfMV jsÇVx ÞvkÃ lh vkj ,-&,-,ß jsÇVx &bØk ¼vkÃ-lh-vkj-,-½ }kjk rFkk ÞfØfly ,-, usxfVoß jsÇVx&fØfly }kjk vafdr ewY; 10]00]000@- çfr ck.MfuxZe ewY; le ewY; ij ¼vFkkZR k~ 10]00]000@- çfr ck.M½U;wure vfHknku 1 ck.M vkSj mlds ckn 1 ck.M ds xq.kdksa esavofèk 10 o"kZ rFkk 3 eghus ¼123 eghus½iqV ,o dky fodYi dksÃ ugÈçfrns;rk le ewY; ij &vkcaVu dh ekuh xÃ frfFk ls 10 o"kZ rFkk 3 eghus ds var esaA dwiu nj* 9-10% çfr o"kZC;kt Hkqxrku vèkZ&okZf"kdC;kt Hkqxrku dh frfFk;ka çR;sd o"kZ dh 15 eÃ rFkk 15 uoEcj fyÇLVx çLrkfor& us'kuy LVkd ,Dlpsat fyfeVsM¼,u&,l&Ã½ ds Fkksd _.k cktkj [kaM ¼MCy;w&Mh&,e&½ ijA U;klh cSad dh vksj ls vkÃ&Mh&ch&vkÃ& VªLVhf'ki lÆolst fyfeVsM dks ck.M ds èkkjd¼dksa½ dh vksj ls dk;Z

djus ds fy, crkSj U;klh fu;qä fd;k x;kA vkosnu jkf'k ij C;kt* dwiu nj ij vFkkZR k~ 9-10% okZf"kd nj ls & pSd@fMekaM Mªk¶V@vkj-Vh-th-,l- dh olwyh gksus dh frfFk

ls vkcaVu dh ekuh xÃ frfFk ds ,d fnu iwoZ rd A

* L=ksr ij ykxw dj dVkSrh ds vèkhuA

Punjab & Sind Bank


Table DF 14 –Full Terms & Conditions of Regulatory Capital Instruments

1. BOND ISSUE – IX RS. 100 CRORE

TERMS OF THE PRESENT ISSUEPunjab & Sind Bank is seeking offer for subscription of Unsecured Redeemable Non-Convertible Subordinated Tier-II Bonds (Series-IX) in the nature of Promissory Notes of Rs. 10,00,000/- each for cash at par aggregating to Rs. 100 crores.

The Bonds offered are subject to provisions of the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970, the Companies Act, 1956, Securities Contract Regulation Act, 1956, terms of this Information Memorandum, Instructions contained in the Application Form and other terms and conditions as may be incorporated in the Trustee Agreement and Bond Trust Deed. Over and above such terms and conditions, the Bonds shall also be subject to the applicable provisions of the Depositories Act, 1996 and the laws as applicable, guidelines, notifications and regulations relating to the allotment & issue of capital and listing of securities issued from time to time by the Government of India (GoI), Reserve Bank of India (RBI), Securities & Exchange Board of India (SEBI), concerned Stock Exchange or any other authorities and other documents that may be executed in respect of the Bonds.

NATURE & STATUS OF THE BONDS The Bonds are to be issued in the form of Unsecured Redeemable Non-Convertible Subordinated Tier-II Bonds in the nature of Promissory Notes. The Bonds will constitute direct, unsecured and subordinated obligations of the Bank, ranking pari passu with the existing/ future subordinated debt of the Bank and subordinated to the claims of all other creditors and depositors of the Bank as regards payment of interest and repayment of principal by the Bank out of its own funds. The Bonds shall be free of any restrictive clauses and shall not be redeemable at the initiative of the holder or without the consent of the Reserve Bank of India (RBI).

OBJECTS OF THE ISSUEThe present issue of bonds is being made for augmenting the Tier-II Capital of the Bank for strengthening its Capital Adequacy and for enhancing the long-term resources of the Bank. The expenses of the present issue would be borne by the Bank. The Main Object Clause of the Memorandum of Association of the Bank enables it to undertake the activities for which the funds are being raised through the present issue and also the activities which the Bank has been carrying on till date. The proceeds of this Issue would be used by the Bank for its regular business activities.

INSTRUMENT & ISSUE DETAILS AT A GLANCE

Issue Size Rs. 100 croresIssue Objects Augmenting the Tier-II Capital for strengthening the Capital Adequacy and enhancing long term

resource base of the BankInstrument Unsecured Redeemable Non-Convertible Subordinated Tier-II Bonds in the nature of Promissory

Notes (Series-IX)Instrument Form In Dematerialised FormCredit Rating “ICRA AA” by ICRA and “ CRISIL AA Negative” by CRISIL Face Value Rs. 10,00,000/- per BondIssue Price At par (Rs. 10,00,000/- per Bond)Minimum Application 1 Bond and in multiples of 1 Bond thereafterTenure 10 Year and 3 Months ( 123 Months)Put & Call Option NoneRedemption At par at the end of 10 Year and 3 Months from the Deemed Date of Allotment Coupon Rate* 9.10% p.a.Interest Payment Semi-AnnualInterest Payment dates May 15 and November 15 each yearListing Proposed on the Wholesale Debt Market (WDM) Segment of the National Stock Exchange of India

Limited (NSE)Trustee IDBI Trusteeship Services Limited (ITSL) has been appointed by the Bank to act as Trustees for and on

behalf of the holder(s) of the BondsInterest on Application Money *

At the coupon rate i.e. @ 9.10% p.a. from the date of realisation of cheque(s)/ demand draft(s)/ RTGS upto one day prior to the Deemed Date of Allotment

* subject to deduction of tax at source, as applicable.

iatkc ,.M fla/ cSad


2- ck.M fuxZeu & X 400 djksM+ :i,

laf{kIr 'krZ rkfydk

b';wdrkZ iatkc ,.M Çlèk cSad b';w dk vkdkj :i, 400 djksM+fy[kr opu i= ¼ck.Ml½ ds :i esa vlqjf{kr vifjoÙkZuh; çfrns; lcksZfMusVsM fV;j&II ck.M~ ¼lhjht+ XI½tkjh djuk@Ø;&foØ; MhesV Q‚eZ esaØsfMV jsÇVx ÞvkÃ& lh vkj& &, &,&,&ß & bØk ¼vkÃ& lh vkj&,]½ }kjk rFkk Þds;j ,&,&ß&ds;j

¼lh&,&vkj&Ã&½ }kjk çfrHkwfr vlqjf{kr vafdr ewY; 1000000@& çfr ck.MfuxZe ewY; leewY; ij ¼vFkkZR k~ 1000000@& çfr ck.M½çfrns;rk ewY; leewY; ij ¼vFkkZR k~ 1000000@& çfr ck.M½U;wure vkosnu 1 ck.M vkSj mlds ckn 1 ck.M ds xq.kdksa esavofèk 127 eghus ¼10 o"kZ rFkk 7 ekg½iqV ,o dky fodYi dksÃ ugÈ çfrns;rk@ifjiô~ork le ewY; ij&vkoaVu dh ekuh xÃ frfFk ls 127 eghuksa ¼10 o"kZ rFkk 7 ekg½ dh lekfIr ij ¼Hkkjrh;

fjt+oZ cSad dh iwoZ Loh—fr ds lkFk½çfrns;rk frfFk 15 vçSy] 2019 dwiu nj* 11-05% okÆ"kd C;kt Hkqxrku okZf"kdC;kt Hkqxrku frfFk;ka çR;sd o"kZ esa 15 eÃ ÇyÇLVx çLrkfor & us'kuy LVkd ,Dlpsat fyfeVsM ¼,u&,l&Ã½ ds Fkksd _.k cktkj [kaM ¼MCy;w&Mh&,e&½ U;klh cSad dh vksj ls vkb.Mh-ch-vkÃ- VªLVf'ki lZfolst fyfeVsM dks ck.M ds èkkjd¼dksa½ dh vksj ls dk;Z djus

ds fy, crkSj U;klh fu;qä fd;k x;kA fu{ksikxkj us'kuy LD;wfjVh fMiksft$Vjh fy& rFkk lsUVªy fMiksftVjh lZfolst ¼bafM;k½ fyfeVsMiath;d Çyd buVkbe bafM;k çkbosV fyfeVsMvkosnu jkf'k ij C;kt* dwiu nj ij ¼vFkkZR k~ 11-05% okÆ"kd nj ls½ & pSd@fMekaM Mªk¶V@vkj&Vh&th&,l& dh olwyh gksus

dh frfFk ls vkcaVu dh ekuh xÃ frfFk ds ,d fnu iwoZ rdAfuiVku C;kt ds Hkqxrku rFkk ewy èku dh vnk;xh pSd¼dksa½@C;kt@çfrns; okjaV¼l½@fMekaM Mªk¶V@

vkj&Vh&th&,l& ç.kkyh ds ekè;e ls vfHknku dh fofèk Þdsoy ,dkmaV isÃß js[kkafdr pSd¼dksa½@fMekaM Mªk¶V¼Vksa½ }kjk tks fd iatkc ,.M Çlèk cSad ds i{k esa vkgrZ

gksa vkSj çdVhdj.k çi= esa mfYyf[kr ukfer dsUæksa ij leewY; ij ns; gksa ;k fQj jkf'k dksvkj-Vh-th-,l- ra= ds ekè;e ls iatkc ,.M Çlèk cSad vkj-Vh-th-,l- [kkrk esa eqacÃ ds fy, IFSC dwV la[;k ÞPSIB 0000385ß ij rFkk fnYyh ds fy, IFSC dwV la[;k ßPSIB 0000001ß ij bysDVª‚fuDl vUrj.k }kjk Hkstk tk ldrk gSA

b';w ds [kqyus dh frfFk^ 10&09&2008b';w ds can gksus dh frfFk^ 12&09&2008is&bu MsVl^ 10&09&2008 ls 12&09&2008vkcaVu dh ekuh xÃ frfFk^ 15&09&2008

* L=ksr ij ykxw dj dVkSrh ds vèkhu A

^ cSad ds ikl b';w esa la'kksèku ¼iwoZ fu;kstu@LFkxu½ djus] [kksyus@can djus@Hkqxrku frfFk lacaèkh viuk ,dy ,oa lEiw.kZ vfèkdkj lqjf{kr gS ftlesa cSad fcuk dksÃ dkj.k crk, vFkok iwoZ uksfVl ds ifjorZu dj ldrk gSA ,sls ekeyksa esa] cSad }kjk fuos'kdksa dks la'kksfèkr le; lkj.kh ls voxr djok;k tk,xkA cSad ds ikl fcuk fdlh uksfVl ds vkcaVu ds fy, ekuh tkus okyh ,d ls T;knk frfFk ¼;ks½ fuèkkZfjr djus dk Hkh ,dy ,oa lEiw.kZ vfèkdkj lqjf{kr gSA

Punjab & Sind Bank


2. BOND ISSUE – X Rs. 400 CRORE

SUMMARY TERM SHEET

Issuer Punjab & Sind BankIssue Size Rs. 400 croresInstrument Unsecured Redeemable Non-Convertible Subordinated Tier-II Bonds (Series-X) in the nature of

Promissory Notes (“Bonds”)Issuance/ Trading In Dematerialized Form Credit Rating “ICRA AA” by ICRA and “CARE AA” by CARESecurity UnsecuredFace Value Rs. 10,00,000/- per BondIssue Price At par (Rs. 10,00,000/- per Bond)Redemption Price At par (Rs. 10,00,000/- per Bond)Minimum Subscription 1 Bond and in multiples of 1 Bond thereafter Tenure 127 Months (10 Year 7 Months)Put & Call Option NoneRedemption/ Maturity At par at the end of 127 Months (10 Year 7 Months) from the Deemed Date of Allotment (with prior

approval from the Reserve Bank of India)Redemption Date April 15, 2019Coupon Rate * 11.05% p.a.Interest Payment AnnualInterest Payment Date 15th May of each year Listing Proposed on the Wholesale Debt Market (WDM) Segment of the National Stock Exchange of India Ltd.

(NSE) Trustee IDBI Trusteeship Services Ltd. has been appointed by the Bank to act as Trustees for and on behalf of

the holder(s) of the Bonds Depository National Securities Depository Ltd. and Central Depository Services (India) Ltd.Registrars M/S Link Intime india Private Ltd.Interest on Application Money *

At coupon rate (i.e. @ 11.05% p.a.) from the date of realization of cheque(s)/ demand draft(s)/ RTGS up to one day prior to the Deemed Date of Allotment

Settlement Payment of interest and repayment of principal shall be made by way of cheque(s)/ interest/ redemption warrant(s)/ demand draft(s)/ credit through RTGS system

Mode of Subscription Cheque(s) / demand draft(s) may be drawn in favour of “Punjab & Sind Bank" and crossed “Account Payee Only” payable at par at designated centers mentioned elsewhere in the Disclosure Document or by way of electronic transfer of funds through RTGS mechanism for credit in the account of “Punjab & Sind Bank RTGS Account” IFSC Code: “PSIB 0000385“ for Mumbai and “PSIB 0000001” for New Delhi

Issue Opens on ^ September 10, 2008Issue Closes on ^ September 12, 2008Pay-In Dates ^ September 10, 2008 to September 12, 2008Deemed Date of Allotment ^

September 15, 2008


^ The Bank reserves its sole and absolute right to modify (pre-pone/ postpone) the issue opening/ closing/ pay-in date(s) without giving any reasons or prior notice. In such a case, investors shall be intimated about the revised time schedule by the Bank. The Bank also reserves the right to keep multiple Deemed Date(s) of Allotment at its sole and absolute discretion without any notice.

iatkc ,.M fla/ cSad


3- ck.M fuxZeu&XI 175 djksM+ :i,

laf{kIr 'krZ rkfydk

b';wdrkZ iatkc ,.M Çlèk cSad b';w dk vkdkj :i, 175 djksM+b';w dk mís'; cSad ds nh?kZdkyhu lalkèkuksa dks c<+kus rFkk iwath i;kZIrrk dks etcwr cukus ds fy, fV;j&II iwath dks c<+kukAfy[kr opu i= ¼ck.Ml½ ds :i esa vlqjf{kr çfrns; vifjoÙkZuh; lcksZfMusVsM fV;j&II ck.M~l ¼ljht XI½fy[kr dh ç—fr ;g ck.M iw.kZ pqdrk] vlqjf{kr] vU; ysunkjksa ds nkoksa ds vèkhuLFk] çfrcaèkd [kaM ls eqä rFkk èkkjd dh

igy vFkok Hkk-fj-cSa-dh lgefr ds fcuk çfrns; ugÈ gksxkA tkjh djuk@Ø;&foØ; MhesV Q‚eZ esaØsfMV jsÇVx ÞvkÃ- lh vkj--, -,-,ß & vkÃ- lh vkj-,- }kjk rFkk Þds;j ,-,-ß & ds;j ¼lh-,-vkj-Ã-½ }kjkßçfrHkwfr vlqjf{kr vafdr ewY; 1000000@& çfr ck.MfuxZe ewY; le ewY; ij ¼vFkkZR k~ 1000000@& çfr ck.M½ifjiDork ewY; le ewY; ij ¼vFkkZRk~ 1000000@& çfr ck.M½U;wure vkosnu 1 ck.M vkSj mlds ckn 1 ck.M ds xq.kdksa esavofèk 118 eghus ¼9 o"kZ rFkk 10 ekg½iqV ,o dky fodYi dksÃ ugÈçfrns;rk@ifjiô~ork le ewY; ij & vkoaVu dh ekuh xÃ frfFk ls 9 okZ rFkk 10 ekg ¼118 eghuksa½ds var esa ¼Hkkjrh; fjt+oZ

cSad dh iwoZ Loh—fr ds lkFk½çfrns;rk frfFk 26 vçSy] 2019 dwiu nj* 8&70% okÆ"kd nj lsC;kt Hkqxrku okÆ"kdC;kt Hkqxrku frfFk;ka çR;sd o"kZ esa 15 eÃ rFkk vafre ifjiDork ij fyÇLVx çLrkfor& us'kuy LVkd ,Dlpsat fyfeVsM¼,u-,l-Ã-½ds Fkksd _.k cktkj [kaM¼MCy;w&Mh&,e&½U;klh vkÃ&Mh&ch&vkÃ& VªLVf"ki lZfolst fyfeVsM fu{ksikxkj us'kuy LD;wfjVh fMiksfLVjh fy& rFkk lsUVªy fMiksfLVjh lZfolt ¼bafM;k½ fyfeVsMiath;d Çyd buVkbe bafM;k çkbosV fyfeVsMvkosnu jkf'k ij C;kt* dwiu nj ij ¼vFkkZR k~ 8-70% okZf"kd nj ls½ & pSd@ fMekaM Mªk¶V@ vkj&Vh&th&,l& dh olwyh gksus

dh frfFk ls vkcaVu dh ekuh xÃ frfFk ds ,d fnu iwoZ rdAfuiVku C;kt ds Hkqxrku rFkk ewy èku dh vnk;xh pSd¼dksa½@C;kt@çfrns; okjaV¼vks½@fMekaM Mªk¶V@

vkj&Vh&th&,l&@ Ã&lh&,l&ç.kkyh ds ekè;e ls ØsfMV dh tk,xhAvfHknku dh fofèk Þdsoy ,dkmaV isÃß js[kkafdr pSd¼dksa½@fMekaM Mªk¶V¼Vksa½ }kjk tks fd iatkc ,.M Çlèk cSad ds i{k esa vkgrZ

gksa vkSj çdVhdj.k çi= esa mfYyf[kr ukfer dsUæksa ij leewY; ij ns; gksa ;k fQj jkf'k dks vkj-Vh-th-,l ra= ds ekè;e ls iatkc ,.M Çlèk cSad vkj-Vh-th-,l- [kkrk esa eqacÃ ds fy, IFSC dwV la[;k ßPSIB 0000385ß ij rFkk fnYyh ds fy, IFSC dwV la[;k ßPSIB 0000001ß ij bysDVª‚fuDl vUrj.k }kjk Hkstk tk ldrk gSA

b';w ds [kqyus dh frfFk^ 15&06&2009b';w ds can gksus dh frfFk^ 19&06&2009is&bu MsVl^ 15&06&2009 ls 19&06&2009vkcaVu dh ekuh xÃ frfFk^ 26&06&2009


^ cSad ds ikl b';w esa la'kksèku ¼iwoZ fu;kstu@LFkxu½ djus] [kksyus@can djus@Hkqxrku frfFk lacaèkh viuk ,dy ,oa lEiw.kZ vfèkdkj lqjf{kr gS ftlesa cSad fcuk dksÃ dkj.k crk, vFkok iwoZ uksfVl ds ifjorZu dj ldrk gSA ,sls ekeyksa esa] cSad }kjk fuos'kdksa dks la'kksfèkr le; lkj.kh ls voxr djok;k tk,xkA cSad ds ikl fcuk fdlh uksfVl ds vkcaVu ds fy, ekuh tkus okyh ,d ls T;knk frfFk ¼;ks½ fuèkkZfjr djus dk Hkh ,dy ,oa lEiw.kZ vfèkdkj lqjf{kr gS A

Punjab & Sind Bank


3. BOND ISSUE – XI Rs. 175 CRORE

SUMMARY TERM SHEET

Issuer Punjab & Sind BankIssue Size Rs. 175 croresIssue Objects Augmenting Tier-II Capital for strengthening the Capital Adequacy and enhancing long term resources

of the Bank Instrument Unsecured Redeemable Non-Convertible Subordinated Lower Tier-II Bonds (Series-XI) in the nature of

Promissory Notes (“Bonds”)Nature of Instrument These Bonds shall be fully paid-up, unsecured, subordinated to the claims of other creditors, free of restrictive

clauses and shall not be redeemable at the initiative of the holder or without the consent of the RBIIssuance/ Trading In Dematerialized Form Credit Rating “ICRA AA” by ICRA and “CARE AA” by CARESecurity UnsecuredFace Value Rs. 10,00,000/- per BondIssue Price At par (Rs. 10,00,000/- per Bond)Redemption Price At par (Rs. 10,00,000/- per Bond)Minimum Subscription 1 Bond and in multiples of 1 Bond thereafter Tenure 9 Year 10 Months (118 Months)Put & Call Option NoneRedemption/ Maturity At par at the end of 9 Year 10 Months (118 Months) from the Deemed Date of Allotment (subject to

prior approval from RBI)Redemption Date April 26, 2019 (subject to prior approval from RBI)Coupon Rate * 8.70% p.a.Interest Payment AnnualInterest Payment Date On May 15, every year and on final maturityListing Proposed on the Wholesale Debt Market (WDM) Segment of the National Stock Exchange of India

Ltd. (NSE)Trustee IDBI Trusteeship Services Ltd. Depository National Securities Depository Ltd. and Central Depository Services (India) Ltd.Registrars M/S Link Intime india Private Ltd.Interest on Application Money *

At the coupon rate (i.e. @ 8.70% p.a) from the date of realization of cheque(s)/ demand draft(s)/ RTGS up to but excluding the Deemed Date of Allotment

Settlement Payment of interest and repayment of principal shall be made by way of cheque(s)/ interest/ redemption warrant(s)/ demand draft(s)/ credit through RTGS/ ECS system


Issue Opens on ^ June 15, 2009Issue Closes on ^ June 19, 2009Pay-In Date ^ June 15, 2009 to June 19, 2009Deemed Date of Allotment ^

June 26, 2009



iatkc ,.M fla/ cSad


4- ck.M fuxZeu&XII & 200 djksM+ :i,

laf{kIr 'krZ rkfydk

b';wdrkZ iatkc ,.M Çlèk cSad b';w dk vkdkj :i, 200 djksM+b';w dk mís'; cSad ds nh?kZdkyhu lalkèkuksa dks c<+kus rFkk iwath i;kZIrrk dks etcwr cukus ds fy, fV;j&II iwath dks c<+kukAfy[kr opu i= ¼ck.Ml½ ds :i esa vlqjf{kr çfrns; vifjoÙkZuh; lcksZfMusVsM&fV;j&II ck.M ¼ljht XII½fy[kr dh ç—fr ;g ck.M iw.kZ pqdrk] vlqjf{kr] vU; ysunkjksa ds nkoksa ds vèkhuLFk] çfrcaèkd [kaM ls eqä rFkk èkkjd

dh igy vFkok Hkk&fj&cSa&dh lgefr ds fcuk çfrns; ugÈ gksxkA t+kjh djuk@Ø;&foØ; MhesV Q‚eZ esaØsfMV jsÇVx ÞvkÃ lh vkj ,-&,-,ß jsÇVx &bØk ¼vkÃ-lh-vkj-,-½ }kjk rFkk ÞfØfly ,-, usxfVoß jsÇVx&fØfly }kjkçfrHkwfr vlqjf{kr vafdr ewY; 1000000@& çfr ck.MfuxZe ewY; le ewY; ij ¼vFkkZR k~ 1000000@& çfr ck.M½çfrns; ewY; le ewY; ij ¼vFkkZR k~ 1000000@& çfr ck.M½U;wure vkosnu 1 ck.M vkSj mlds ckn 1 ck.M ds xq.kdksa esavofèk 123 eghus¼10 o"kZ 3 eghus½iqV fodYi dksÃ ugÈçfrns;rk@ifjiDork vkoaVu dh ekuh xÃ frfFk ls 10 o"kZ 3 eghusa¼123 eghus½ ds var esa le ewY; ij ¼Hkkjrh; fjt+oZ cSad

dh iwoZ Loh—fr ds lkFk½ifjiDork frfFk 15-04-2020 ¼Hkkjrh; fjt+oZ cSad dh iwoZ Loh—fr ds lkFk½dwiu nj* 8-70% okZf"kd nj lsC;kt Hkqxrku okÆ"kdC;kt Hkqxrku frfFk;ka çR;sd o"kZ esa 15 eÃ rFkk vafre ifjiDork ij ÇyÇLVx çLrkfor& us'kuy LVkd ,Dlpsat fyfeVsM¼,u&,l&Ã½ds Fkksd _.k cktkj [kaM¼MCy;w&Mh&,e&½U;klh vkÃ-Mh-ch-vkÃ- VªLVf'ki lÆolst fyfeVsM fu{ksikxkj us'kuy LD;wfjVh fMiksfLVjh fy& rFkk lsUVªy fMiksfLVjh lÆolst ¼bafM;k½ fyfeVsMiath;d Çyd buVkbe bafM;k çkbosV fyfeVsMvkosnu jkf'k ij C;kt* dwiu nj ij ¼vFkkZR k~ 8-70% lÆolst nj ls½ & pSd@ fMekaM Mªk¶V@ vkj&Vh&th&,l& dh olwyh

gksus dh frfFk ls vkcaVu dh ekuh xÃ frfFk ds ,d fnu iwoZ rdAfuiVku C;kt ds Hkqxrku rFkk ewy èku dh vnk;xh pSd¼dksa½@ C;kt@çfrns; okjaV¼l½ @fMekaM Mªk¶V@

vkj&Vh&th&,l& ç.kkyh@Ã-lh-,l- ç.kkyh ds ekè;e lsAvfHknku dh fofèk Þdsoy ,dkmaV isÃß js[kkafdr pSd¼dksa½@fMekaM Mªk¶V¼Vksa½ }kjk tks fd iatkc ,.M Çlèk cSad ds i{k esa vkgrZ gksa

vkSj çdVhdj.k çi= esa mfYyf[kr ukfer dsUæksa ij leewY; ij ns; gksa ;k fQj jkf'k dks vkj-Vh-th-,l- ra= ds ekè;e ls iatkc ,.M Çlèk cSad vkj-Vh-th-,l- [kkrk esa eqacÃ ds fy, IFSC dwV la[;k ßPSIB 0000385ß ij rFkk fnYyh ds fy, IFSC dwV la[;k ßPSIB 0000001ß ij bysDVª‚fuDl vUrj.k }kjk Hkstk tk ldrk gSA

b';w ds [kqyus dh frfFk^ 06-01-2010b';w ds can gksus dh frfFk^ 13-01-2010is&bu MsVl^ 06-01-2010 ls 13-01-2010vkcaVu dh ekuh xÃ frfFk^ 15-01-2010


^ cSad ds ikl b';w esa la'kksèku ¼iwoZ fu;kstu@LFkxu½ djus] [kksyus@can djus@Hkqxrku frfFk lacaèkh viuk ,dy ,oa lEiw.kZ vfèkdkj lqjf{kr gS ftlesa cSad fcuk dksÃ dkj.k vFkok iwoZ uksfVl ds ifjorZu dj ldrk gSA ,sls ekeyksa esa] cSad }kjk fuos'kdksa dks la'kksfèkr le; lkj.kh ls voxr djok;k tk,xkA cSad ds ikl fcuk fdlh uksfVl ds vkcaVu ds fy, ekuh tkus okyh ,d ls T;knk frfFk;k¡ fuèkkZfjr djus dk Hkh ,dy ,oa lEiw.kZ vfèkdkj lqjf{kr gS A

Punjab & Sind Bank


4. BOND ISSUE – XII Rs. 200 CRORE

VII. SUMMARY TERM SHEET

Issuer Punjab & Sind BankIssue Size Rs. 200 croresIssue Objects Augmenting Tier-II Capital for strengthening the Capital Adequacy and enhancing long term resources

of the Bank Instrument Unsecured Redeemable Non-Convertible Subordinated Lower Tier-II Bonds (Series-XII) in the nature

of Promissory Notes (“Bonds”)Nature of Instrument These Bonds shall be fully paid-up, unsecured, subordinated to the claims of other creditors, free of restrictive

clauses and shall not be redeemable at the initiative of the holder or without the consent of the RBIIssuance/ Trading In Dematerialized Form Credit Rating “ICRA AA” by ICRA and “ CRISIL AA Negative” by CRISILSecurity UnsecuredFace Value Rs. 10,00,000/- per BondIssue Price At par (Rs. 10,00,000/- per Bond)Redemption Price At par (Rs. 10,00,000/- per Bond)Minimum Subscription 1 Bond and in multiples of 1 Bond thereafter Tenure 10 Year 3 Months (123 Months)Put & Call Option NoneRedemption/ Maturity At par at the end of 10 Years 3 Months (123 Months) from the Deemed Date of Allotment (subject to

prior approval from RBI)Redemption Date April 15, 2020 (subject to prior approval from RBI)Coupon Rate * 8.70% p.a.Interest Payment AnnualInterest Payment Date On May 15, every year and on final maturityListing Proposed on the Wholesale Debt Market (WDM) Segment of the National Stock Exchange of India Ltd. (NSE)Trustee IDBI Trusteeship Services Ltd. Depository National Securities Depository Ltd. and Central Depository Services (India) Ltd.Registrars M/S Link Intime india Private Ltd.Interest on Application Money *




Issue Opens on ^ January 6, 2010Issue Closes on ^ January 13, 2010Pay-In Date ^ January 6, 2010 to January 13, 2009Deemed Date of Allotment ^

January 15, 2010



iatkc ,.M fla/ cSad


5- ck.M fuxZeu&XIII 300 djksM+ :i,

laf{kIr 'krZ rkfydk

b';wdrkZ iatkc ,.M Çlèk cSad b';w dk vkdkj :i, 300 djksM+b';w dk mís'; cSad ds nh?kZdkyhu lalkèkuksa dks c<+kus rFkk iwath i;kZIrrk dks etcwr cukus ds fy, fV;j&II iwath dks c<+kukA fy[kr opu i= ¼ck.M½ ds :i esa vlqjf{kr çfrns; vifjoÙkZuh; lcksZfMusVsM&fV;j&II ck.M ¼ljht XIII½fy[kr dh ç—fr ;g ck.M iw.kZ pqdrk] vlqjf{kr] vU; ysunkjksa ds nkoksa ds vèkhuLFk] çfrcaèkd [kaM ls eqä rFkk èkkjd dh

igy vFkok Hkk-fj-cSa- dh lgefr ds fcuk çfrns; ugÈ gksxkA t+kjh djuk@ Ø;&foØ; MhesV Q‚eZ esaØsfMV jsÇVx ÞvkÃ& lh&vkj&, ,],ß & vkÃ& lh vkj& &,& }kjk rFkk Þds;j ,&,ß & ds;j ¼lh&,&vkj&Ã&½ }kjkßçfrHkwfr vlqjf{kr vafdr ewY; 1000000@& çfr ck.MfuxZe ewY; le ewY; ij ¼vFkkZR k~ 1000000@& çfr ck.M½çfrns; ewY; le ewY; ij ¼vFkkZR k~ 1000000@& çfr ck.M½U;wure vkosnu 1 ck.M vkSj mlds ckn 1 ck.M ds xq.kdksa esadk;Zdky 124 eghusiqV fodYi dksÃ ugÈdky fodYi NVs o"kZ ds var esa¼Hkk-fj-cSa- dh Loh—fr ds vkèkkj ij½çfrns;rk@ifjiô~ork frfFk ls 124 eghuksa ds var esa le ewY; ij ¼Hkkjrh; fjt+oZ cSad dh iwoZ Loh—fr ds lkFk½çfrns;rk frfFk 24&10&2021 ¼Hkkjrh; fjt+oZ cSad dh iwoZ Loh—fr ds lkFk½dwiu nj* 9&73% okÆ"kd nj lsC;kt Hkqxrku okZf"kdC;kt Hkqxrku frfFk;ka çR;sd o"kZ esa 15 eÃ rFkk vafre ifjiDork ij fyÇLVx çLrkfor&us'kuy LVkd ,Dlpsat fyfeVsM¼,u&,l&Ã½ds Fkksd _.k cktkj [kaM¼MCy;w&Mh&,e&½U;klh vkÃ-Mh-ch-vkÃ- VªLVf"ki lÆolst fyfeVsM fu{ksikxkj us'kuy LD;wfjVh fMiksfLVjh fy& rFkk lsUVªy fMiksfLVjh lZfolt ¼bafM;k½ fyfeVsMiath;d Çyd buVkbe bafM;k çkbosV fyfeVsMvkosnu jkf'k ij C;kt* dwiu nj ij&vkcaVu dh ekuh xÃ frfFk dks NksM+dj pSd¼dksa½fMekaM Mªk¶V¼Vksa½@vkj&Vh&th&,l& dh

olwyh gksus dh frfFk ls ¼vFkkZR k~ 9&73% okÆ"kd nj ls½fuiVku C;kt ds Hkqxrku rFkk ewy èku dh vnk;xh pSd¼dksa½@C;kt@çfrns; okjaV¼l½ @fMekaM Mªk¶V@

vkj&Vh&th&,l&ç.kkyh@Ã&lh&,l& ç.kkyh ds ekè;e lsAva"knku dk ekè;e vkj-Vh-th-,l-ra= ds ekè;e ls jkf'k dks bySDVªkfuDl varj.k ds rjhds ls Þiatkc ,.M Çlèk cSad

vkj&Vh&th&,l& [kkrkß esa fnYyh ds fy, IFSC dwV la[;k ßPSIB 0000001 ß esa fd;k tk ldrk gSAb';w ds [kqyus dh frfFk^ 20-06-2011b';w ds can gksus dh frfFk^ 24-06-2011is&bu MsVl^ 20-06-2011 ls 24-06-2011vkcaVu dh ekuh xÃ frfFk^ 24-06-2011


^ cSad ds ikl b'z;w esa la'kksèku ¼iwoZ fu;kstu@LFkxu½ djus] [kksyus@can djus@Hkqxrku frfFk lacaèkh viuk ,dy ,oa lEi.kZ vfèkdkj lqjf{kr gS ftlesa cSad fcuk dksÃ dkj.k crk, vFkok iwoZ uksfVl ds ifjorZu dj ldrk gSfdlh uksfVl ds vkcaVu ds fy, ekuh tkus okyh ,d ls T;knk frfFk¼;ks½ fuèkkZfjr djus dk Hkh ,dy ,oa lEi.kZ vfèkdkj lqjf{kr gS A

Punjab & Sind Bank


5. BOND ISSUE – XIII Rs. 300 CRORE

SUMMARY TERM SHEET

Issuer Punjab & Sind BankIssue Size Rs. 300 croreIssue Objects Augmenting Tier-II Capital for strengthening the Capital Adequacy and enhancing long term resources

of the Bank Instrument Unsecured Redeemable Non-Convertible Subordinated Lower Tier-II Bonds (Series-XIII) in the nature

of Promissory Notes (“Bonds”)Nature of Instrument These Bonds shall be fully paid-up, unsecured, subordinated to the claims of other creditors, free of

restrictive clauses and shall not be redeemable at the initiative of the holder or without the consent of the RBI

Issuance/ Trading In Dematerialized Form Credit Rating “AA” by ICRA and “CARE AA” by CARESecurity UnsecuredFace Value Rs. 10,00,000/- per BondIssue Price At par (Rs. 10,00,000/- per Bond)Redemption Price At par (Rs. 10,00,000/- per Bond)Minimum Subscription 1 Bond and in multiples of 1 Bond thereafter Tenure 124 MonthsPut Option NoneCall Option At the end of 6th Year (Subject to Approval from RBI)Redemption/ Maturity At par at the end of 124 Months from the Deemed Date of Allotment (subject to prior approval from RBI)Redemption Date 24th October 2021 (subject to prior approval from RBI)Coupon Rate * 9.73% p.a.Interest Payment AnnualInterest Payment Date On May 15, every year and on final maturityListing Proposed on the Wholesale Debt Market (WDM) Segment of the National Stock Exchange of India Ltd. (NSE)Trustee IDBI Trusteeship Services Ltd. Depository National Securities Depository Ltd. and Central Depository Services (India) Ltd.Registrars M/S Link Intime india Private Ltd.Interest on Application Money *



Mode of Subscription By way of electronic transfer of funds through RTGS mechanism for credit in the account of “Punjab & Sind Bank RTGS Account” IFSC Code: “PSIB0000001” for New Delhi

Issue Opens on ^ 20th June 2011Issue Closes on ^ 24th June 2011Pay-In Date ^ 20th June 2011 to 24th June 2011Deemed Date of Allotment ^

24th June 2011

* Subject to deduction of tax at source, as applicable.


iatkc ,.M fla/ cSad


rkfydk Mh&,Q&15& ikfjJfed ds fy, vko';drkvksa dk çdVhdj.k

lkoZtfud {ks=ksa ds cSadksa ds fy, ykxw ugÈ gSaA

rkfydk Mh,Q& 16% bfDoVh & cSaÇdx cgh [kkrksa dh fLFkfr lacaèkh çdVhdj.k

xq.kkRed çdVhdj.k

Û èkkfjrkvksa esa HksnHkko] ftl ij iw¡thxr ykHk visf{kr gSa vkSj ftls lacaèkksa rFkk uhfrxr dkj.kksa lfgr y{;ksa ds varxZr fy;k x;k gSA

cSaÇdx cgh esa bfDoVh fuos'k uhfrxr mís'; ls vkjvkjch esa j[kk x;k gSA cSad iw¡thxr ykHk dekus ds mís'; ls cSaÇdx cgh esa bfDoVh fuos'k ugÈ j[krk gSA

Û cSaÇdx cgh esa bfDoVh èkkfjrkvks ds ewY;kadu lacaèkh egRoiw.kZ uhfr;ksa ij ppkZA blesa egRoiw.kZ iwoZ&èkkj.kkvksa rFkk ewY;kadu dks çHkkfor djus okyh çFkkvks rFkk bu çFkkvks esa gq, egRoiw.kZ cnykoksa lfgr ç;qä ys[kkadu rduhds vkSj ewY;kadu ç.kkfy;k 'kkfey gksuh pkfg,A

,sls fuos'k] ftls ifjDork rd j[kk tkuk vfHkçsr gS] ,pVh,e çfrHkwfr ds :i esa oxÊ—r gSaA ,pVh,e Js.kh ds varxZr oxÊ—r fuos'kksa dks cktkj ds fy, fpfàr ugÈ fd;k x;k gS rFkk miktZu ykxr ij j[kk x;k gSA fuos'k ewY; esa vLFkkÃ ºzkl ds vykok fdlh Hkh çdkj ds ºzkl dk çkoèkku fd;k tkrk gSA ,pVh,e Js.kh esa fuos'kksa dh fcØh lacaèkh fdlh Hkh gkfu dh igpku ykHk&gkfu [kkrk esa dh tkrh gS rFkk mls Hkk-fj-cSad ds fn'kk&funsZ'kksa ds vuqlj.k esa fuoy dj ,oa lkafofèkd vkjf{kfr;ksa ds i'pkr~ **vkjf{kr iw¡th** ls lek;ksftr fd;k tkrk gSA

jkf'k yk[kksa esa

ek=kRed çdVhdj.k

1 rqyu&i= esa fuos'kksa dk çdfVr ewY;] blds vfrfjDr fuos'kksa ds mfpr ewY;] çLrqr çfrHkwfr;ksa gsrq lkoZtfud :i ls çLrqr 'ks;j ewY; ls rqyuk] tgk¡ 'ks;j ewY;] okLrfod ewY; ls oLrqr% fHkUu gSA

çdfVr ewY;& 65-37

okLrfod ewY;– 1368-43

¼rqyu&i= ds vuqlkj½

2 fuos'kksa ds çdkj vkSj Lo#i] ftles fuEufyf[kr ds :i esa oxÊ—r dh tk ldus okyh jkf'k 'kkfey gS%

lkoZtfud :i ls ysunsu fd, x,( rFkk

uhft :i ls èkkfjrA

'kwU;

65-37

3 fjiksÉVx vofèk esa fcØh rFkk ifjlekiu ls mRiUu lap;h ykHk çkfIr ¼gkfu;k¡½ 'kwU;

4 dqy vçkIr ykHk¼gkfu;k¡½ 'kwU;

5 dqy çPNUu iquewZY;kadu ykHk ¼gkfu;k¡½ 1303-06

6 mi;qZä esa ls Vh;j&I rFkk@;k Vh;j&II esa 'kkfey dh x;h jkf'k;k¡ 'kwU;

7 cSad dh dk;Zi)fr ds vuq:i mi;qä bfDoVh lewgu }kjk foHkkftr iwath vis{kk, vkSj ldy jkf'k;k¡ rFkk bfDoVh fuos'kksa dk çdkj] tks fofu;ked iwath vis{kkvks ds lacaèk esa fdUgh i;Zos{kh lØe.k ;k xzkaMQknÇjx çkoèkkuksa ds vèkhu gks

vkjvkjch esa ,pVh,e bfDoVh fuos'k]dks ekLVj ifji= cklsy&III iw¡th fofu;euksa ds iSjk 4-4-9-2 ds vuqlkj mipkfjr fd;k x;k gSA

Punjab & Sind Bank


Table DF 15 –Disclosure Requirements for Remuneration-

Not applicable to PSU Banks

Table DF-16: Equities – Disclosure for Banking Book Positions


• Differentiation between holdings on which capital gains are expected and those taken under objectives including for relationship and strategic reasons.

Equity investment in the banking book is in RRB, held for strategic purpose.

Bank does not hold any equity investment in banking book with intention to make capital gain.

• Discussion of important policies covering the valuation and accounting of equity holdings in the Banking Book. This includes the accounting techniques and valuation methodologies used including key assumptions and practices affecting valuation as well as significant changes in these practices.

Investment which is intended to be held till maturity are classified as HTM securities. Investments classified under HTM category are not marked to market and carried at acquisition cost. Any diminution, other than temporary, in the value of investments is provided for. Any Loss on sale of investments in HTM category is recognized in the statement of profit and loss. Any gain from sale of investments in HTM category is recognized in the statement of profit and loss and is appropriated, net of taxes and statutory reserves, to “Capital Reserves” in accordance with RBI guidelines.

Amount in Lacs


1 Value disclosed in the balance sheet of investments, as well as the fair value of those investments; for quoted securities, a comparison to publicly quoted share values where the share price is materially different from fair value.

Value disclosed- 65.37

Fair Value – 1368.43

(as per Balance sheet)

2 The types and nature of investments, including the amount that can be classified as:

• Publicly traded; and

• Privately held. Nil

65.37

3 The cumulative realised gains (losses) arising from sales and liquidations in the reporting period.

Nil

4 Total unrealised gains (losses) Nil

5 Total latent revaluation gains (losses) 1303.06

6 Any amounts of the above included in Tier 1 and/or Tier 2 capital.

Nil

7 Capital requirements broken down by appropriate equity groupings, consistent with the bank’s methodology, as well as the aggregate amounts and the type of equity investments subject to any supervisory transition or grandfathering provisions regarding regulatory capital requirements.

The HTM equity investment in RRB is given treatment as per para 4.4.9.2 of Master circular Basel III Capital Regulations.

iatkc ,.M fla/ cSad


rkfydk Mh&,Q& 17& ys[kk vkfLr;k¡ cuke yhojst vuqikr ,Dlikstj mik;ksa dh rqyukRed laf{kfIr ensa ¼#- yk[kksa esa½½

1- çdkf'kr foÙkh; foojf.k;ksa ds vuqlkj dqy lesfdr vkfLr;k¡ 10258141-862- cSaÇdx] foÙkh;] chek ;k O;kikfjd laLFkkvksa esa fuos'k gsrq lek;kstu tks fd ys[kkadu

mís';ksa ls ijarq fofu;ked lesdu ds {ks= ls ckgj lesfdr dh xÃ gSaA3- yhojst vuqikr ,Dlikstj mik;ksa ds vfrfjDr çorZu'khy ys[kk lajpuk ds vkèkkj ij

rqyu&i= esa ekU; çR;;h vkfLr;ksa dk lek;kstuA 4- MsfjosfVo foÙkh; fy[krksa dk lek;kstu 5- çfrHkwfr foÙkh; ysu&nsuksa dk lek;kstu ¼;Fkk jsiks rFkk leku çfrHkwfr—r _.k½ 159500-006- rqyu&i= esa 'kkfey u gksus okyh enksa dk lek;kstu ¼;Fkk rqyu&i= ds vykok

,Dlikstj ds lerqY; jkf'k tek djus gsrq :ikarj.k½1176358-03

7- vU; lek;kstu8- yhojst vuqikr ,Dlikstj 11593999-39

rkfydk Mh&,Q&18& yhojst vuqikr lkekU; çdVhdj.k VsaiysV

yhojst vuqikr en lajpuk ¼#- yk[kksa esa½rqyu&i= ,Dlikstj

1- rqyu&i= dh ensa ¼MsfjosfVo rFkk ,l,QVh ds vfrfjDr ijarq laikÆÜod lfgr½ 10258141-862- ¼fuèkkZjd csly III fV;j 1 iw¡th esa ?kVkÃ xÃ vkfLr;ksa dh jkf'k½ ¼2565-02½3- dqy rqyu&i= ,Dlikstj ¼MsfjosfVo rFkk ,l,QVh ds vfrfjDr½ ¼iafä 1 o 2 dk tksM+½ 10255576-84

MsfjosfVo ,Dlikstj4- lHkh MsfjosfVo ysu&nsuksa esa 'kkfey çfrLFkkiu ykxr ¼vFkkZr ik= udnh ifjorZu

ekÆtu dk dqy tksM+½&

5- lHkh MsfjosfVo ysu&nsu esa 'kkfey ih,QÃ gsrq iwjd jkf'k &6- ldy MsfjosfVo laikÆÜod c'krsZ ftlesa çorZu'khy ys[kk lajpuk ds vkèkkj ij rqyu&i=

vkfLr;ksa ls dVkSrh dh xÃ gSA &

7- ¼MsfjosfVo ysu&nsuksa es n'kkZ, x;s udnh ?kV&c<+ ekÆtu gsrq çkI; vkfLr;ksa dh dVkSfr;k¡½

&

8- ¼xzkgd& lek'kksfèkr O;kikj ,Dlikstj ds fy, NwV çkIr lhlhih ysx &9- fyf[kr ØsfMV MsfjosfVo ds fy, lek;ksftr çHkkoh vuqekfur jkf'k &10- fy[kr _.k MsfjosfVo~ gsrq lek;ksftr çHkkoh vuqekfur lejkf'k rFkk iwjd dVkSfr;k¡ &11- dqy MsfjosfVo ,Dlikstj ¼iafä 4 ls 10 dk tksM+½ &

çfrHkwfr foÙkiks"k.k ysu&nsu ,Dlikstj &12- ldy ,l,QVh vkfLr;k¡ ¼usÇVx ds fy, ekU; ugÈ½] fcØh ys[kkdu ysu&nsuksa ds

lek;kstu mijkar 159500-00

13- ¼ldy ,l,QVh vkfLr;ksa dh ns; udnh rFkk çkI; udnh dh fuoy jkf'k½ &14- ,l,QVh vkfLr;ksa gsrq lhlhvkj ,Dlikstj &15- ,tsaV ysu&nsu ,Dlikstj &16- dqy çfrHkwfr foÙkkiks"k.k ysunsu ,Dlikst+j ¼çfrHkwfr iafä;ksa 12 ls 15 dk dqy tksM+½ 159500-00

vU; rqyui=srj ls ,Dlikstj17 ldy vuqekfur jkf'k ij rqyui=srj ,Dlikstj 1681042-4018 ¼_.k lerqY; jkf'k ds :ikarj.k gsrq lek;kstu½ ¼504684-38½19 rqyui=srj ensa ¼iafä 17 rFkk 18 dk tksM+½ 1176358-03

iw¡th rFkk dqy ,Dlikstj20 Vh;j 1 iw¡th 544470-9321 dqy ,Dlikstj ¼iafä 3]11]16 rFkk 19 dk tksM+½ 11591434-87

yhojst vuqikr22 csly III yhojst vuqikr 4-70%

Punjab & Sind Bank


Table DF 17- Summary comparison of accounting assets vs. leverage ratio exposure measureItem (Rs. in Lakhs)

1. Total consolidated assets as per published financial statements 10258141.862. Adjustment for investments in banking, financial, insurance or commercial entities that are

consolidated for accounting purposes but outside the scope of regulatory consolidation3. Adjustment for fiduciary assets recognised on the balance sheet pursuant to the operative accounting

framework but excluded from the leverage ratio exposure measure4. Adjustments for derivative financial instruments5. Adjustment for securities financing transactions (i.e. repos and similar secured lending) 159500.006. Adjustment for off-balance sheet items (i.e. conversion to credit equivalent amounts of off- balance

sheet exposures)1176358.03

7. Other adjustments8. Leverage ratio exposure 11593999.39

Table DF-18: Leverage ratio common disclosure template Leverage ratio Item framework (Rs. in Lakhs)

On-balance sheet exposures

1. On-balance sheet items (excluding derivatives and SFTs, but including collateral) 10258141.862. (Asset amounts deducted in determining Basel III Tier 1 capital) (2565.02)

3. Total on-balance sheet exposures (excluding derivatives and SFTs) (sum of lines 1 and 2) 10255576.84Derivative exposures

4. Replacement cost associated with all derivatives transactions (i.e. net of eligible cash variation margin) -5. Add-on amounts transactions for PFE associated with all derivatives -6. Gross-up for derivatives collateral provided where deducted from the balance sheet assets

pursuant to the operative accounting framework-

7. (Deductions of margin provided receivables assets for cash variation in derivatives transactions) -8. (Exempted CCP leg of client-cleared trade exposures) -9. Adjusted effective notional amount of written credit derivatives -

10. (Adjusted effective notional offsets and add-on deductions for written credit derivatives) -11. Total derivative exposures (sum of lines 4 to 10) -

Securities financing transaction exposures -12. Gross SFT assets (with no recognition of netting), after adjusting for sale accounting transactions 159500.0013. (Netted amounts of cash payables and cash receivables of gross SFT assets) -14. CCR exposure for SFT assets -15. Agent transaction exposures -16. Total securities financing transaction exposures (sum of lines 12 to 15) 159500.00

Other off-balance sheet exposures17 Off-balance sheet exposure at gross notional amount 1681042.4018 (Adjustments for conversion to credit equivalent amounts) (504684.38)19 Off-balance sheet items (sum of lines 17 and 18) 1176358.03

Capital and total exposures20 Tier 1 capital 544470.9321 Total exposures (sum of lines 3, 11, 16 and 19) 11591434.87

Leverage ratio22 Basel III leverage ratio 4.70%

iatkc ,.M fla/ cSad


Lora= ys[kk ijh{kdksa dh fjiksVZLksok esa]egkefge jk"Vªifr eg¨n;]

iatkc ,.M fla/k cSad dh foÙkh; foojf.k;ksa ij fjiksVZ

1- geus iatkc ,.M Çlèk cSad ds 31 ekpZ] 2016 dh foÙkh; foojf.k;ksa ftuesa 31 ekpZ] 2016 dk rqyu-i= rFkk bl frfFk dks lekIr gq, o"kZ ds fy, cSad ds ykHk&gkfu [kkrs rFkk udnh çokg fooj.kh lfgr ys[kksa ls lacafèkr fVIif.k;ksa dk ys[kk ijh{k.k fd;k gSA bu foÙkh; foojf.k;ksa esa gekjs }kjk ys[kk ijhf{kr 20 'kk[kkvksa] 'kk[kkvksa ds ys[kk ijh{kdksa }kjk ijhf{kr 536 'kk[kk,a gSaA gekjs rFkk vU; ys[kk ijh{kdksa }kjk ys[kk ijhf{kr 'kk[kkvksa dk p;u cSad us Hkkjrh; fjt+oZ cSad }kjk tkjh ekunaMksa ds vuqlkj fd;k gSA rqyu&i= rFkk ykHk&gkfu [kkrs esa 925 'kk[kkvksa ls Hksth xÃ foojf.k;k¡ 'kkfey gSa tks ys[kk ijh{k.k ds vèkhu ugÈ gSA bu vijhf{kr 'kk[kkvksa esa vfxzeksa dk çfr'kr 10 çfr'kr] tekjkf'k;ksa dk 28-15 çfr'kr] vfxzeksa ij C;kt vk; dk 6-64 çfr'kr rFkk tek jkf'k;ksa ij fn, x, C;kt O;;ksa dk 25-54 çfr'kr fgLlk curk gSA

foÙkh; foojf.k;ksa ds fy, cSad çca/ku dk mÙkjnkf;Ro

2- cSad çcaèku bu foÙkh; foojf.k;ksa dks ys[kk ekudksa ds vuqlkj rS;kj djus ds fy, mÙkjnk;h gS tksfd cSaÇdx dkuwu ds vuqlkj rFkk Hkkjr esa Lohdk;Z gSA mÙkjnkf;Ro esa fMtkÃu] dk;kZUo;u rFkk foÙkh; foojf.k;ksa dks rS;kj djus gsrq vkarfjd fu;a=.k tks fd ;FkkFkZ ds vdFku] èkks[kkèkM+h ;k xyrh ds dkj.k gks ldrk gS] lfEefyr gSA

ys[kk ijh{kdksa dk mÙkjnkf;Ro

3- gekjs ys[kk ijh{k.k ds vkèkkj ij bu foÙkh; foojf.k;ksa ij jk; nsuk gekjk mÙkjnkf;Ro gSA geus viuk ys[kk ijh{k.k lunh ys[kkdkj laLFkku }kjk tkjh ys[kk ijh{k.k ekudksa ds vuqlkj fd;k gSA bu ekudksa ds vuq:i ;g okaNuh; gS fd ge ys[kk ijh{k.k gsrq uSfrd vko';drkvksa dk è;ku j[ks vkSj bl çdkj ;kstuk cuk,a ,oa bls iw.kZ djsa rkfd ;g foÜokl gks lds fd foÙkh; foojf.k;ksa esa dksÃ Hkh deh ugÈ gSA

4- ,d ys[kk ijh{k.k esa foÙkh; foojf.k;ksa esa fd, x, çdVu vkSj jkf'k;ksa lacaèkh lk{;ksa dks çkIr djus dh çfØ;k dk ijh{k.k lfEefyr gSA viukÃ xÃ çfØ;k ys[kk ijh{kd ds fu.kZ; ij fuHkZj gksrh gS ftlesa foÙkh; foojf.k;ksa ds fo"k; esa nh xÃ xyr lwpuk dk vkdyu lfEefyr gS tks èkks[kkèkM+h ;k xyrh ds dkj.k gks ldrk gSA ys[kk ijh{kd ifjfLFkfr;ksa ds vuq:i tksf[ke Hkjk vkdyu djus ds fy, vkarfjd fu;a=.k rFkk okLrfod çLrqfrdj.k ij fopkj djrk gS u fd cSad ds vkarfjd fu;a=.k dh çHkkfodrk ij fopkj O;ä djus ds mís'; lsA ys[kk ijh{k.k esa ç;qä ys[kk fl)karksa dk ewY;kadu rFkk çcaèku }kjk rS;kj fd, x, egRoiw.kZ vuqeku ,oa foÙkh; fooj.kksa dk fooj.k 'kkfey jgrk gSA

5- gesa foÜokl gS fd geus ys[kk ijh{k.k esa tks lk{; çkIr fd, gSa lkekU;rk iw.kZ gaS vkSj gekjs i{k ds fy, ,d mfpr vkèkkj gSaA

fo"k; dk egRo%

6- gekjh fjiksVZ dh fo'ks"krk crk, fcuk ge fuEufyf[kr dh vksj è;ku vkdÆ"kr djrs gSa%

¼i½ uksV la[;k 1-1] 1-2 vkSj 1-3 vk;] O;;] vkfLr;ksa vkSj ns;rkvksa ds fofHkUu [kkrksa dh cdk;k enksa ds 'ks"kksa@fudklh igpku@ lek;ksftr u gksus ds dkj.k blds çHkko dh vko';drk dks fuèkkZfjr ugÈ fd;k tk ldk gSA

¼ii½ uksV la- 10-9-3 tks fd ys[kkadu cgh ds vuqlkj fuos'k ewY; ij fofoèk [kkrk ij varj ds lacaèk esa 355-05 djksM+ #- dh vkLFkfxr dj ns;rkvksa ds l`tu u djus rFkk vk;dj vfHkdyu ds fy, varj ij fopkj djrs gq, LFkkÃ gksxkA

¼iii½ vihy esa foyafcr fookfnr dj ns;rkvksa ds lacaèk esa uksV la- 10-9-5] ftldk çHkko fuf'pr ugÈ gSA

¼iv½ cSad dh iwath i;kZIrrk csly&II rFkk csly& III vU; vuqikr ftUgsa cSad }kjk ys[kksa esa çdV fd;k x;k gS] [kkrksa ij fVIif.k;ka] ys[kk& uhfr;ksa vkSj mä ifjPNsn 6¼i½ ls ¼iii½ ij gekjh fVIif.k;ksa ds vuqlkj fd, x, lek;kstuksa ds vuq:i gSA

¼v½ uksV la- 10-9-6 tks vk;dj çkfèkdkfj;ksa }kjk [kjkc _.kksa ds nkos dh Lohdk;Zrk esa vfu'prrk dk o.kZu djrk gS] dh rqyuk esa Lora= fo'ks"kK dh jk; ds vkèkkj ij cSad us fu.kZ; fy;k gSA

Punjab & Sind Bank


INDEPENDENT AUDITOR’S REPORTTo,The President of India

Report on the Financial Statements of Punjab & Sind Bank

1. We have audited the accompanying financial statements of Punjab & Sind Bank as at 31st March, 2016, which comprise the Balance Sheet as at March 31, 2016, and Profit and Loss Account and the cash flow statement for the year then ended, and a summary of significant accounting policies and other explanatory information. Incorporated in these financial state-ments are the returns of 20 branches audited by us and 536 branches audited by branch auditors. The branches audited by us and those audited by other branch auditors have been selected by the Bank in accordance with the guidelines issued to the Bank by the Reserve Bank of India. Also incorporated in the Balance Sheet and the Profit and Loss are the returns from 925 branches which have not been subjected to audit. These unaudited branches account for 10.00 per cent of advances, 28.15 per cent of deposits, 6.64 per cent of interest income and 25.54 per cent of interest expenses.

Management’s Responsibility for the Financial Statements

2. Management is responsible for the preparation of these financial statements in accordance with accounting standards generally accepted in India and applicable banking laws. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation of the financial statements that are free from material mis-statement, whether due to fraud or error.

Auditor’s Responsibility

3. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

4. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the bank’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances but not the purpose of expressing an opinion on the ef-fectiveness of the Bank’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

5. We believe that the audit evidence we have obtained is generally sufficient and appropriate to provide a basis for our audit opinion.

Emphasis of matter:6. Without qualifying our report, we draw attention to:

(i) Note no. 1.1, 1.2 and 1.3 regarding non reconciliation of balances and clearances/identification of outstanding items in respect of various accounts of income, expenditure, assets and liabilities, the impact of which is not ascertainable.

(ii) Note no.10.9.3 regarding non creation of deferred tax liability of Rs.355.05 crore in respect of difference on account of variation on the value of investment as per the books of account and for the income tax computation considering the difference to be permanent.

(iii) Note no. 10.9.5 regarding disputed tax liabilities pending in appeals, the effect of which is not ascertainable(iv) Capital adequacy as per Basel – II and Basel – III and other ratios disclosed in the accounts by the bank are subject to

adjustment arising out of the Notes on accounts, accounting policies and our remarks in Para 6 (i) to (iii) above.(v) Note No.10.9.6 regarding allowability of claim of bad debts by the Income Tax Authorities vis-a-vis stand taken by the

bank based on expert independent opinion.

iatkc ,.M fla/ cSad


7- gekjh jk; esa tSlk fd cSad ds cfg;ksa esa n'kkZ;k x;k gS vkSj gekjh loksZÙke tkudkjh ds vuqlkj rFkk gesa fn, x, Li"Vhdj.kksa ds vuqlkj] ge ;g lwfpr djrs gSa fd%&

¼i½ çeq[k ys[kk uhfr;ksa rFkk mu ij gekjh fVIif.k;ksa lfgr iBuh; rqyu&i= ,d iw.kZ ,oa fo'kq} rqyu i= gS ftlesa vko';d fooj.k fufgr gSa rFkk bls mfpr <+ax ls rS;kj fd;k x;k gS ftlesa cSad ds 31 ekpZ 2016 ds ekeyksa dk mfpr mYys[k gS tks fd Hkkjr esa Lohdk;Z ys[kk fl)kUrksa ds vuq:i gS(

¼ii½ ykHk gkfu [kkrk ,oa çeq[k ys[kk uhfr;ksa tks fd Hkkjr esa Lohdk;Z ys[kk fl)kUrksa ds vuq:i gS rFkk gekjh fVIif.k;ksa ds lkFk iBuh; lekIr o"kZ ds fy, okLrfod ykHk 'ks"k dks n'kkZrk gS(

¼iii½ udnh çokg fooj.kh ml frfFk ij lekIr o"kZ rd dh udnh çokg fooj.kh ds lR; rFkk okLrfod udnh çokg dks n'kkZrh gSA

vU; fofèkd rFkk fofu;ked vko';drkvksa ij fjiksVZ

8- rqyu i= vkSj ykHk gkfu [kkrs] cSaÇdx fofu;eu vfèkfu;e 1949 dh r`rh; vuqlwph esa fn, QkeZ Øe'k% **A** rFkk **B** esa rS;kj fd, x, gSaA

9- mijksä 1 ls 5 rd ifjPNsnksa esa ys[kk ijh{kk ds vkèkkj ij rFkk cSaÇdx daiuh ¼miØeksa dk vtZu ,oa varj.k½ vfèkfu;e] 1970@1980 rFkk mlesa visf{kr çdVhdj.k dh lhekvksa ds vèkhu rFkk ys[kk uhfr;ksa vkSj ys[kk lacaèkh fVIif.k;ksa dks è;ku esa j[krs gq, ge fjiksVZ djrs gSa fd%

d½ tks lwpuk,a vkSj Li"Vhdj.k gekjh tkudkjh ,oa foÜokl ds vuqlkj ys[kk ijh{k.k gsrq vko';d Fks] geus os lHkh lwpuk,a çkIr dh gSa vkSj bUgsa larks"ktud ik;k gSA

[k½ cSad ds ,sls lHkh ysu&nsu gekjh tkudkjh esa vk, gSa tks cSad ds vfèkdkjksa ds varxZr FksA

x½ cSad ds dk;kZy;ksa@'kk[kkvksa ls çkIr foojf.k;ksa dks lkekU;r% ys[kk ijh{k.k gsrq mi;qä ik;k x;k gSA

10- gekjh jk; esa] rqyu&i=] ykHk&gkfu [kkrk rFkk udnh çokg fooj.kh ykxw ys[kk ekudksa ds vuqlkj gSaA

—rs frokjh ,.M ,lksf'k,Vl —rs f<Yyksa ,.M ,lksf'k,Vllunh ys[kkdkj lunh ys[kkdkj

¼nsosUæ ekxks½ ¼jkts'k eYgks=k½ikVZuj ikVZuj,e-ua- 085739 ,e-ua- 090661,Qvkj,u% 002870,u ,Qvkj,u% 002783,u

—rs èkou ,.M da- —rs nfoUnj iky Çlg ,.M da-lunh ys[kkdkj lunh ys[kkdkj

¼vkÃ-ts- èkou½ ¼gjcUl Çlg½ikVZuj ikVZuj,e-ua- 081679 ,e-ua- 099109 ,Qvkj,u% 002864,u ,Qvkj,u% 007601,u

LFkku % uÃ fnYyhfnukad% 10 eÃ] 2016

Punjab & Sind Bank


7. In our opinion, as shown by books of bank, and to the best of our information and according to the explanations given to us we further report that:

(i) the Balance Sheet, read with the notes thereon is a full and fair Balance Sheet containing all the necessary particulars, is properly drawn up so as to exhibit a true and fair view of state of affairs of the Bank as at 31st March 2016 in con-formity with accounting principles generally accepted in India;

(ii) the Profit and Loss Account, read with the notes thereon shows a true balance of profit, in conformity with accounting principles generally accepted in India, for the year covered by the account; and

(iii) the Cash Flow Statement gives a true and fair view of the cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

8. The Balance Sheet and the Profit and Loss Account have been drawn up in Forms “A” and “B” respectively of the Third Schedule to the Banking Regulation Act, 1949.

9. Subject to the limitations of the audit indicated in paragraph 1 to 5 above and as required by the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with Notes on Accounts attached and subject also to the limitations of disclosure required therein, 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 purposes of our audit and have found them to be satisfactory.

(b) The transactions of the Bank, which have come to our notice have been within the powers of the Bank.

(c) The returns received from the offices and branches of the Bank have been found adequate for the purposes of our audit.

10. In our opinion, the Balance Sheet, Profit and Loss Account and Cash Flow Statement comply with the applicable accounting standards.

For Tiwari & Associates For Dhillon & Associates Chartered Accountants Chartered Accountants

(Devender Magoo) (Rajesh Malhotra) Partner PartnerM. No. 085739 M. No. 090661 FRN : 002870N FRN : 002783N


(I. J. Dhawan) (Harbans Singh)Partner PartnerM. No. 081679 M. No. 099109FRN : 002864N FRN : 007601N

Place : New Delhi Dated : 10 May, 2016

iatkc ,.M fla/ cSad


iatkc ,.M fla/k cSad31 ekpZ] 2016 dk rqyu&i=

¼000 NksM+dj½#i, #i,

iw¡th rFkk ns;rk,a vuqlwph 31-3-2016 dh fLFkfr ds vuqlkj ¼ys[kk ijhf{kr½

31-3-2015 dh fLFkfr ds vuqlkj ¼ys[kk ijhf{kr½

iw¡th 1 4004110 4004110vkjf{kr fuf/k ,oa vf/k'ks"k 2 55698068 51957641tekjkf'k;k¡ 3 912499639 867147160m/kkj 4 28390136 30482300vU; ns;rk,a rFkk çko/kku 5 25222233 23942825tksM+ 1025814186 977534036

vkfLr;k¡ udnh vkSj Hkkjrh; fjt+oZ cSad esa bfr'ks"k 6 38225590 37561067cSadksa esa bfr'ks"k ,oa ekax rFkk vYi lwpuk ij çkI; /ku 7 10800119 4634006fuos'k 8 276450374 240065601vfxze 9 639160737 638701767fLFkj vkfLr;k¡ 10 11334398 9948284vU; vkfLr;k¡ 11 49842968 46623311tksM+ 1025814186 977534036vkdfLed ns;rk,a 12 149244638 144215606olwyh ds fy, fcy 11060694 7687285mYys[kuh; ys[kk uhfr;k¡ 17[kkrksa ls lacaf/kr fVIif.k;k¡ 18vuqlwph 1 ls 18 [kkrksa dk vfHkUu vax gSaA

31 ekpZ] 2016 dks lekIr o"kZ ds fy, ykHk&gkfu [kkrk ¼000 dks NksM+dj½

#i, #i,vuqlwph 31-3-2016 dks lekIr

o"kZ ¼ys[kk ijhf{kr½31-3-2015 dks lekIr

o"kZ ¼ys[kk ijhf{kr½I- vk;

vftZr C;kt 13 87443409 85885471vU; vk; 14 4784857 4287528tksM+ 92228266 90172999

II- O;;O;; fd;k x;k C;kt 15 65685540 69093525ifjpkyu O;; 16 13843774 13324976çko/kku vkSj vkdfLed O;; 9339228 6541015tksM+ 88868542 88959516

III- ykHk@gkfuvof/k ds 'kq) ykHk@gkfu ¼&½ 3359724 1213483vxzkuhr ykHk@gkfu ¼&½ 16791869 16355120lkekU; vkjf{kfr;ksa ls vkgj.k 104 0tksM+ 20151697 17568603ewy ,oa ruq—r vtZu çfr 'ks;j 8-39 3-59

Punjab & Sind Bank


PUNJAB & SIND BANKBALANCE SHEET AS ON 31st MARCH, 2016

(000'S OMITTED)Rs. Rs.

CAPITAL & LIABILITIES SCHEDULE AS ON 31.03.16 [Audited]

AS ON 31.03.15 [Audited]

Capital 1 4004110 4004110Reserves & Surplus 2 55698068 51957641Deposits 3 912499639 867147160Borrowings 4 28390136 30482300Other liabilities & Provisions 5 25222233 23942825TOTAL 1025814186 977534036

ASSETSCash & balances with Reserve Bank Of India 6 38225590 37561067Balances with banks & money at call and short notice 7 10800119 4634006Investments 8 276450374 240065601Advances 9 639160737 638701767Fixed Assets 10 11334398 9948284Other Assets 11 49842968 46623311TOTAL 1025814186 977534036Contingent Liabilities 12 149244638 144215606Bills for Collection 11060694 7687285Significant Accounting Policies 17Notes on Accounts 18Schedule 1 to 18 form an integral part of the accounts

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH, 2016 (000'S OMITTED)

Rs. Rs.SCHEDULE YEAR ENDED 31.03.16

[Audited]YEAR ENDED 31.03.15

[Audited]I. INCOME

Interest earned 13 87443409 85885471Other income 14 4784857 4287528TOTAL 92228266 90172999

II. EXPENDITUREInterest expended 15 65685540 69093525Operating expenses 16 13843774 13324976Provisions and contingencies 9339228 6541015TOTAL 88868542 88959516

III. PROFIT/LOSSNet Profit/ Loss (-) for the period 3359724 1213483Profit/ Loss(-) brought forward 16791869 16355120Withdrawal from General Reserve 104 0TOTAL 20151697 17568603Basic & Diluted Earning per share (EPS) 8.39 3.59

iatkc ,.M fla/ cSad


IV. fofu;kstu varj.k% lkafof/kd vkjf{kr fuf/k;k¡ 840000 480000 iw¡th vkjf{kr fuf/k ¼fuos'k½ 211511 0/kkjk 36 ¼i½ ¼viii½ ds varxZr fo'ks"k vkjf{kr fuf/k;ka 177239 2320çLrkfor ykHkka'k% ¼bZfDoVh½ 660678 240247ykHkka'k forj.k dj 134499 54167'ks"k dks vkxs rqyu&i= esa ys tk;k x;k 18127770 16791869tksM+ 20151697 17568603mYys[kuh; ys[kk uhfr;k¡ 17[kkrksa ls lacaf/kr fVIif.k;k¡ 18vuqlwph 1 ls 18 [kkrksa dk vfHkUu vax gSaA

tÇrnjchj Çlg eqds'k dqekj tSu vjfoUn dqekj tSu vè;{k ,oa çcaèk funs'kd dk;Zdkjh funs'kd dk;Zdkjh funs'kd

,l-vkj- esgj ih-ds- tsuk vuhrk d.kkZoj funs'kd funs'kd funs'kd

,l-ih- ccwrk ,e-,l- lkjax vruq lsufuns'kd funs'kd funs'kd

vkÃ-,l- HkkfV;k nhid eSuh th-,l- <Yy Mh-Mh- 'kekZegkçcaèkd egkçcaèkd egkçcaèkd egkçcaèkd

oÇjnj xqIrk gjÇonj Çlg vkj-ds- caly th-,l- <Èxjk egkçcaèkd egkçcaèkd egkçcaèkd egkçcaèkd

oh-ds- esgjks=k ,-,l- vgwtk lh-,e- Çlg lgk;d egkçcaèkd lgk;d egkçcaèkd eq[; çcaèkd

lefrfFk ij gekjh fjiksVZ ds vuqlkj

—rs frokjh ,.M ,lksfl,V~l —rs f<Yyksad ,.M ,lksfl,V~llunh ys[kkdkj lunh ys[kkdkj,Qvkj,u% 002870,u ,Qvkj,u% 002783,u

¼nsosUæ ekxks½ ¼jkts'k eYgks=k½,e-ua- 085739 ,e-ua- 090661

—rs èkou ,.M da- —rs nfoUnj iky Çlg ,.M da- lunh ys[kkdkj lunh ys[kkdkj ,Qvkj,u% 002864,u ,Qvkj,u% 007601,u

¼vkÃ-ts-èkou½ ¼gjcal Çlg½ ,e-ua- 081679 ,e-ua- 099109

uÃ fnYyhfnukad% 10-05-2016

Punjab & Sind Bank


IV. APPROPRIATIONSTransfer to: Statutory Reserve 840000 480000 Capital Reserve [Investment] 211511 0Special Reserve u/s 36(1)(viii) 177239 2320Proposed Dividend (Equity) 660678 240247Dividend Distribution Tax 134499 54167Balance carried over to Balance Sheet 18127770 16791869 TOTAL 20151697 17568603Significant Accounting Policies 17Notes on Accounts 18Schedule 1 to 18 form an integral part of the accounts

JATINDERBIR SINGH MUKESH KUMAR JAIN ARVIND KUMAR JAIN CHAIRMAN & MG.DIRECTOR EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR S.R. MEHAR P.K. JENA ANITA KARNAVAR DIRECTOR DIRECTOR DIRECTOR ATANU SEN S.P.BABUTA M.S. SARANG DIRECTOR DIRECTOR DIRECTOR I.S. BHATIA DEEPAK MAINI G.S. DHALL D.D.SHARMA GENERAL MANAGER GENERAL MANAGER GENERAL MANAGER GENERAL MANAGER VARINDER GUPTA HARVINDER SINGH R.K. BANSAL G.S. DHINAGA GENERAL MANAGER GENERAL MANAGER GENERAL MANAGER GENERAL MANAGER V.K. MEHROTRA A.S. AHUJA C.M. SINGH ASSTT GEN.MANAGER ASSTT GEN. MANAGER CHIEF MANAGER

AS PER OUR REPORT OF EVEN DATE.

FOR TIWARI & ASSOCIATES FOR DHILLON & ASSOCIATES CHARTERED ACCOUNTANTS CHARTERED ACCOUNTANTS FRN 002870N FRN 002783N [DEVENDER MAGOO] [RAJESH MALHOTRA] M.No.085739 M.No.090661 FOR DHAWAN & CO. FOR DAVINDER PAL SINGH & CO. CHARTERED ACCOUNTANTS CHARTERED ACCOUNTANTS FRN 002864N FRN 007601N [I.J.DHAWAN] [HARBANS SINGH] M.No.081679 M.No.099109

NEW DELHIDATED 10.05.2016

iatkc ,.M fla/ cSad


¼000 dks NksM+dj½#i, #i,

vuqlwph 1 & iw¡th 31-3-2016 dh fLFkfr ds vuqlkj ¼ys[kk ijhf{kr½


çkf/k—r iw¡th % I- bfDoVh 'ks;j iw¡th çR;sd :- 10@- ds 75]00]00]000 'ks;j 7500000 7500000II- vf/keku 'ks;j iw¡th ¼csfe;knh xSj&lap;h½ ¼ih-,u-lh-ih-,l-½

çR;sd :- 10@- ds 225]00]00]000 'ks;j22500000 22500000

30000000 30000000fuxZe] vfHknÙk ,oa çnÙk iw¡th %

I- bfDoVh 'ks;j iw¡th çR;sd :- 10@& ds 40]04]11]027 'ks;j ¼fiNys o"kZ 40]04]11]027½ ftlesa dsUæh; ljdkj dh /kkfjrk esa çR;sd :-10@& ds 31]88]22]775 'ks;j ¼fiNys o"kZ 31]88]22]775½ lfEefyr gSaA

4004110 4004110

II- vf/keku 'ks;j iw¡th ¼csfe;knh xSj&lap;h½ ¼ih-,u-lh-ih-,l-½ 'kwU; ¼fiNys o"kZ dsUæh; ljdkj dh /kkfjrk esa çR;sd :- 10@& ds 20]00]00]000 'ks;j½

0 0

dqy [I+II] 4004110 4004110 ¼000 dks NksM+dj½

#i, #i,vuqlwph 2 & vkjf{kr fuf/k ,oa vf/k'ks"k 31-3-2016 dh fLFkfr ds

vuqlkj ¼ys[kk ijhf{kr½31-3-2015 dh fLFkfr ds vuqlkj ¼ys[kk ijhf{kr½

I lkafof/kd vkjf{kr fuf/kvFk'ks"k 9491906 9011906 o"kZ ds nkSjku ifjo/kZu 840000 480000mi&;ksx& I 10331906 9491906

II- iw¡th vkjf{kr fuf/k &&d- iquewZY;u vkjf{kr fuf/k ¼LFkk;h vkfLr;k¡½vFk'ks"k 7845513 8307590tek% o"kZ ds nkSjku ifjo/kZu 1344944 0?kVk% o"kZ ds nkSjku dVkSfr;k¡ &169064 &462077mi&;ksx II d 9021393 7845513[k- iw¡th vkjf{kr fuf/k ¼fuos'k½vFk'ks"k 2722729 2722729tek% o"kZ ds nkSjku ifjo/kZu 211511 0mi&;ksx II [k 2934240 2722729

III- 'ks;j çhfe;evFk 'ks"k 13180418 7039807tek% o"kZ ds nkSjku ifjo/kZu 0 6148732tek% lkoZtfud fuxZe O;; 0 &8121mi&;ksx & III 13180418 13180418

IV- jktLo rFkk vU; vkjf{kr fuf/k;k¡ d½ lkekU; vkjf{kr vFk 'ks"k 1089107 1089107tek% o"kZ ds nkSjku ifjo/kZu 0 0 ?kVk% o"kZ ds nkSjku dVkSfr;k¡ &104 0 mi&;ksx& IV- d 1089003 1089107

Punjab & Sind Bank



SCHEDULE 1-CAPITAL AS ON 31.03.16[Audited]

AS ON 31.03.15[Audited]

Authorised Capital : I. Equity Share Capital 75,00,00,000 shares of Rs.10/- each 7500000 7500000II. Preference Share Capital

(Perpetual Non-cumulative) (PNCPS) 225,00,00,000 shares of Rs.10/- each22500000 22500000

30000000 30000000Issued, Subscribed and Paid-up Capital:

I. Equity Share Capital 40,04,11,027 (Previous Year 40,04,11,027) shares of Rs.10/- each [including 31,88,22,775 (Previous Year 31,88,22,775) shares of Rs.10/- each held by Central Government]

4004110 4004110

II. Preference Share Capital (Perpetual Non-cumulative) (PNCPS) 0 0TOTAL [I+II] 4004110 4004110

(000'S OMITTED)

Rs. Rs.

SCHEDULE 2 - RESERVES & SURPLUS AS ON 31.03.16[Audited]


I. Statutory Reserves Opening Balance 9491906 9011906 Addition during the year 840000 480000Sub Total I 10331906 9491906

II. Capital Reserves: a.Revaluation Reserve (Fixed Assets):Opening Balance 7845513 8307590Add: Addition during the year 1344944 0Less:Deduction during the year -169064 -462077Sub Total II.a 9021393 7845513b.Capital Reserve [Investments]Opening Balance 2722729 2722729Add: Addition during the year 211511 0Sub-Total II.b 2934240 2722729

III. Share Premium:Opening Balance 13180418 7039807Add: Addition during the year 0 6148732Less: Share Issue Expenses 0 -8121Sub-Total III 13180418 13180418

IV. Revenue & Other Reservesa). General ReservesOpening Balance 1089107 1089107Add: Addition during the year 0 0 Less: Deduction during the year -104 0 Sub-Total IV.a 1089003 1089107

iatkc ,.M fla/ cSad


[k½ jktLo vkjf{kr fuf/k %vFk'ks"k 105700 105700tek% o"kZ ds nkSjku ifjo/kZu 0 0mi&;ksx IV-[k 105700 105700x½ fo'ks"k vkjf{kr /kkjk 36 ¼i½ ¼viii½ ds varxZr¼&½vFk'ks"k 693582 691262tek% o"kZ ds nkSjku ifjo/kZu 177239 2320mi&;ksx IV x 870821 693582?k½ vkjf{kr fuos'kvFk 'ks"k 36817 36817tek% o"kZ ds nkSjku ifjo/kZu 0 0mi&;ksx IV ?k 36817 36817

V ykHk&gkfu [kkrs esa 'ks"k 18127770 16791869dqy ;ksx ¼I&V½ 55698068 51957641

¼000 dks NksM+dj½

#i, #i,vuqlwph 3 & tek jkf'k;k¡ 31-3-2016 dh fLFkfr ds


d- d½ 1-½ d- ekax tek i½ cSadksa ls 275159 329788 ii½ vU; ls 49816761 47560829[k- cpr cSad tek jkf'k;k¡ 157199251 138809830x- fe;knh tek i½ cSadksa ls 41366332 50249320 ii½ vU; ls 663842136 630197393tksM+ ¼I+II+III½ 912499639 867147160

[k½ Hkkjr esa 'kk[kkvksa dh tekjkf'k;k¡ 912499639 867147160

¼000 dks NksM+dj½ #i, #i,

vuqlwph 4 && m/kkj 31-3-2016 dh fLFkfr ds vuqlkj ¼ys[kk ijhf{kr½


1-½ Hkkjr esa m/kkji½ Hkkjrh; fjt+oZ cSad 7950000 1950000ii½ vU; cSad 0 0iii½ vU; laLFkku vkSj vfHkdj.k 7190136 15282300 iv½ xkS.k _.k 13250000 132500002-½ Hkkjr ls ckgj m/kkj 0 0tksM+ ¼1+2½ 28390136 30482300mijksä tksM+ ¼1½ vkSj ¼2½ esa lfEefyr çfrHkwr m/kkj 7950000 0

Punjab & Sind Bank


b). Revenue Reserve:Opening Balance 105700 105700Add: Addition during the year 0 0Sub-Total IV.b 105700 105700c). Special Reserve u/s 36(i) (viii):Opening Balance 693582 691262Add: Addition during the year 177239 2320Sub-Total IV.c 870821 693582d). Investment Reserve Opening Balance 36817 36817Add: Addition during the year 0 0Sub-Total IV.d 36817 36817

V. Balance in Profit & Loss Account 18127770 16791869Total [I to V] 55698068 51957641


SCHEDULE 3 - DEPOSITS AS ON 31.03.16[Audited]


A I. Demand Deposits i. From Banks 275159 329788 ii. From others 49816761 47560829II. Savings Bank Deposits 157199251 138809830III. Term Deposits i. From Banks 41366332 50249320 ii. From others 663842136 630197393TOTAL [I+II+III] 912499639 867147160

B Deposits of branches in India 912499639 867147160


SCHEDULE 4 - BORROWINGS AS ON 31.03.16[Audited]


I. Borrowings in India i) Reserve Bank of India 7950000 1950000 ii) Other Banks 0 0 iii) Other institutions & agencies 7190136 15282300 iv) Subordinated Debt 13250000 13250000II. Borrowings outside India 0 0TOTAL [I & II] 28390136 30482300Secured borrowings Included in I & II above 7950000 0

iatkc ,.M fla/ cSad



vuqlwph 5 & vU; ns;rk,a vkSj çko/kku 31-3-2016 dh fLFkfr ds vuqlkj ¼ys[kk ijhf{kr½


I- ns; fcy 2463064 2305927II- vardkZ;kZy; lek;kstu ¼fuoy½ 663316 326730III- çksn~Hkwr C;kt 9209871 6779186IV- vkLFkfxr dj ns;rk 2007552 1014161VI- vU; ¼blesa çko/kku lfEefyr gSa½ 10878430 13516821tksM+ 25222233 23942825

¼000 dks NksM+dj½

#i, #i,vuqlwph 6 & udnh vkSj Hkkjrh; fjt+oZ cSad ds ikl bfr'ks"k 31-3-2016 dh fLFkfr ds


I- gkFk esa udnh ¼blesa fons'kh djsalh uksV lfEefyr gSa½ 2507299 1984576II- Hkkjrh; fjt+oZ cSad esa bfr'ks"ki½ pkyw [kkrksa esa 35718291 33576491ii½ vU; [kkrksa esa 0 2000000tksM+ ¼ I rFkk II½ 38225590 37561067


vuqlwph 7 & cSadksa esa 'ks"k vkSj ekax rFkk vYi lwpuk ij çkI; /ku 31-3-2016 dh fLFkfr ds vuqlkj ¼ys[kk ijhf{kr½


1-½ Hkkjr esa i½ cSdksa esa 'ks"k d½ pkyw [kkrksa esa 559486 538493 [k½ vU; tek [kkrksa esa 0 0 ii½ ekax rFkk vYi lwpuk ij çkI; /ku d½ cSadksa ls 7000000 1500000 [k½ vU; laLFkkvksa ls 1000000 0mi ;ksx& ¼1½ 8559486 20384932-½ Hkkjr ds ckgj i½ pkyw [kkrksa esa 2240633 2595513 ii½ vU; tek [kkrksa esa 0 0 iii½ ekax vkSj vYi lwpuk ij çkI; /ku 0 0mi&;ksx ¼2½ 2240633 2595513tksM+ ¼1+2½ 10800119 4634006

Punjab & Sind Bank



SCHEDULE 5 - OTHER LIABILITIES AND PROVISIONS AS ON 31.03.16[Audited]


I. Bills Payable 2463064 2305927II. Inter-office adjustments [net] 663316 326730III. Interest accrued 9209871 6779186IV. Deferred Tax Liability 2007552 1014161 V. Others (including provisions) 10878430 13516821TOTAL 25222233 23942825

(000'S OMITTED)

Rs. Rs. SCHEDULE 6 - CASH & BALANCES WITH RESERVE BANK OF INDIA AS ON 31.03.16

[Audited]AS ON 31.03.15

[Audited]I. Cash in hand [including foreign currency notes] 2507299 1984576II. Balances with Reserve Bank of India i) in Current Account 35718291 33576491 ii) in Other Account 0 2000000TOTAL [I & II] 38225590 37561067


SCHEDULE 7 - BALANCES WITH BANKS & MONEY AT CALL & SHORT NOTICE AS ON 31.03.16[Audited]


I. In India i) Balance with banks a) in Current Accounts 559486 538493 b) in other Deposit Accounts 0 0 ii) Money at call & Short notice a) with banks 7000000 1500000 b) with other institutions 1000000 0SUB-TOTAL [I] 8559486 2038493II. Outside India i) In Current Accounts 2240633 2595513 ii) In Other Deposit Accounts 0 0 iii) Money at call & Short notice 0 0SUB-TOTAL [II] 2240633 2595513TOTAL [I & II] 10800119 4634006

iatkc ,.M fla/ cSad



vuqlwph 8 & fuos'k 31-3-2016 dh fLFkfr ds vuqlkj ¼ys[kk ijhf{kr½


1-½ Hkkjr esa fuos'ki½ ljdkjh çfrHkwfr;k¡ **210920097 208374282ii½ vU; vuqeksfnr çfrHkwfr;k¡ 106863 105483iii½ 'ks;j 1344994 1493791iv½ fMcSapj rFkk ckaM~ l 62451034 29942231v½ lgk;d bdkbZ;ka] rFkk la;qä miØe ,oa çk;ksftr laLFkku 6537 6537vi½ vU;

d½ okf.kfT;d i=@lhMh@çfrHkwfr jlhnsa 1476516 0[k½ ;w-Vh-vkbZ-ds ;wfuV] vU; E;qpqvy QaM 144333 143277

mi&;ksx ¼I½ 276450374 240065601 II- Hkkjr ls ckgj fuos'k 'kwU; 'kwU;dqy ;ksx ¼I+II½ 276450374 240065601dqy ewY; 276933963 240465492ewY; ºkzl dk çko/kku ¼&½ 483589 399891fuoy fuos'k 276450374 240065601

** buesa :-1018-38 djksM+ dh HkkjxzLr çfrHkwfr;ka ¼vafdr ewY; :-1042-68 djksM+½ lfEefyr gSaA fiNys o"kZ ;g :- 1051-05 djksM+ ¼vafdr ewY; :-1064-76 djksM+½ FkhA

¼000 dks NksM+dj½

#i, #i,vuqlwph 9 & vfxze 31-3-2016 dh fLFkfr ds


d½ i½ Ø; fd, x, rFkk Hkquk, x, fcy 3442908 4081355ii½ udnh m/kkj] vf/kfod"kZ vkSj ekax ij çfrns; m/kkj 211463237 189636157iii½ eh;knh _.k 424254592 444984255tksM+ 639160737 638701767

[k½ i½ ewrZ vkfLr;ksa }kjk çfrHkwr¼cgh _.k ds ,ot+ vfxze lfgr½

552458512 477592852

ii½ cSad@ljdkjh çfrHkwfr;ksa }kjk lajf{kr 15894633 63076799iii½ çfrHkwfr jfgr 70807592 98032116tksM+ 639160737 638701767

x½ Hkkjr esa vfxzei½ çkFkfedrk {ks= 208537378 175715853 ii½ lkoZtfud {ks= 102329140 148296701iii½ cSad 3500299 2999990iv½ vU; 324793920 311689223tksM+ 639160737 638701767

Punjab & Sind Bank



SCHEDULE 8 - INVESTMENTS AS ON 31.03.16[Audited]


I. Investments in India in i) Government Securities **210920097 208374282 ii) Other approved securities 106863 105483 iii) Shares 1344994 1493791 iv) Debentures & Bonds 62451034 29942231 v) Subsidiaries, and/or Joint Ventures & Sponsored Institutions 6537 6537 vi) Others: a) Commercial Paper/CD/Securitised Receipts 1476516 0 b) Units of UTI, other MF 144333 143277SUB-TOTAL [I] 276450374 240065601 II. Investments outside India Nil NilTOTAL [I + II] 276450374 240065601Gross Value 276933963 240465492Provision for Depreciation [-] 483589 399891Net Investments 276450374 240065601

** Includes encumbered securities of Rs.1018.38 crore [Face Value Rs.1042.68 crore] previous year Rs.1051.05 crore [Face Value Rs.1064.76 crore]


SCHEDULE 9 - ADVANCES AS ON 31.03.16[Audited]


A i) Bills purchased & discounted 3442908 4081355ii) Cash credits, overdrafts and loans repayable on demand 211463237 189636157iii) Term Loans 424254592 444984255Total 639160737 638701767

B i) Secured by tangible assets (includes advances against Book Debt)

552458512 477592852

ii) Covered by Bank/ Government Guarantees 15894633 63076799iii) Unsecured 70807592 98032116Total 639160737 638701767

C ADVANCES IN INDIAi) Priority Sector 208537378 175715853 ii) Public Sector 102329140 148296701iii) Banks 3500299 2999990iv) Others 324793920 311689223Total 639160737 638701767

iatkc ,.M fla/ cSad


¼000 dks NksM+dj½

#i, #i,vuqlwph 10 & LFkk;h vkfLr;k¡ 31-3-2016 dh fLFkfr ds


1-½ ifjlj ifjlj dk ewY; ¼vFk 'ks"k½ 867252 823714 iquewZY;u ds nkSjku ykxr esa ifjo/kZu 8545280 8545280mi& ;ksx 9412532 9368994o"kZ ds nkSjku ifjo/kZu okLrfod ykxr 288923 45403iquewZY;u ykxr ij 9190459 0o"kZ ds nkSjku dVkSfr;k¡okLrfod ykxr ij &1376 0iquewZY;u ykxr ij &8545280 0?kVk,a& v|frr fnukad dks ewY;ºkzlokLrfod ykxr ij &287941 &240496iquewZY;u ykxr ij &169064 &699765tksM+ I 9888253 84741362-½ vU; LFkk;h vkfLr;k¡¼blesa QuhZpj vkSj tqM+ukj lfEefyr gSa½ ewY; ¼vFk 'ks"k½ 3801357 3044978 o"kZ ds nkSjku ifjo/kZu 394298 803901 o"kZ ds nkSjku dVkSfr;k¡ &57213 &47522 v|ru ewY;ºkzl &2692297 &2327209tksM+ 2 1446145 1474148dqy tksM+ ¼1+2½ 11334398 9948284


vuqlwph 11 & vU; vkfLr;k¡ 31-3-2016 dh fLFkfr ds vuqlkj ¼ys[kk ijhf{kr½


I- varj&dk;kZy; lek;kstu ¼fuoy½ 0 0I- çksn~Hkwr C;kt 5113047 5333156II- vfxze :i ls lanÙk@lzksr ij dkVk x;k dj 1828363 3945566III ys[ku lkexzh vkSj LVkEi 41274 46329IV- nkoksa dh larqf"V esa çkIr dh xbZ xSj cSaddkjh vkfLr;k¡ 0 0V- vU; $$ 42860284 37298260tksM+ 49842968 46623311

$$ blesa ukckMZ ds ikl vkjvkbZMh,Q ds varxZr #- 2978-07 djksM+ ¼foxr o"kZ #- 2745-14 djksM+½ dh jkf'k lfEefyr gSA

Punjab & Sind Bank



SCHEDULE 10 - FIXED ASSETS AS ON 31.03.16[Audited]


I. Premises Cost [Opening Balance] 867252 823714 Appreciation in cost on account of revaluation 8545280 8545280Sub-Total 9412532 9368994Additions during the year Original Cost 288923 45403 Revaluation Cost 9190459 0Deductions during the year on Original Cost -1376 0 Revaluation Cost -8545280 0Less Depreciation to date on Original cost -287941 -240496 Revaluation cost -169064 -699765Total-I 9888253 8474136II. Other Fixed Assets (including Furniture & Fixtures) Cost [Opening Balance] 3801357 3044978 Additions during the year 394298 803901 Deductions during the year -57213 -47522 Depreciation to date -2692297 -2327209Total II 1446145 1474148TOTAL I & II 11334398 9948284


SCHEDULE 11 - OTHER ASSETS AS ON 31.03.16[Audited]


I. Inter-office adjustments [net] 0 0II. Interest accrued 5113047 5333156III. Tax paid in advance/ Tax deducted at source 1828363 3945566IV. Stationery & Stamps 41274 46329V. Non Banking assets acquired in satisfaction of claims 0 0VI. Others $$ 42860284 37298260TOTAL 49842968 46623311

$$ Includes deposits placed with NABARD under RIDF Rs.2978.07 crore [Previous Year Rs.2745.14 crore]

iatkc ,.M fla/ cSad



vuqlwph& 12 & vkdfLed ns;rk,a 31-3-2016 dh fLFkfr ds vuqlkj ¼ys[kk ijhf{kr½


I- cSad fo#} ,sls nkos ftUgsa _.k ds :i esa Lohdkj ugha fd;k x;k gS 30853 33700II- va'kr% çnÙk fuos'kksa ds fy, ns;rk 0 0III- cdk;k ok;nk fons'kh fofue; lafonkvksa ds fy, ns;rk 123302179 118961774IV la?kVdksa dh vksj ls nh xbZ çfrHkwfr;k¡ d½ Hkkjr esa 21679075 20706192 [k½ Hkkjr ds ckgjV- Loh—fr;k¡] i`"Bkadu rFkk vU; ck/;rk,a 1658383 1582061 VI vU; ensa] ftuds fy, cSad vkdfLed :i ls mÙkjnk;h gS 2574148 2931879tksM+ 149244638 144215606


vuqlwph 13 & vftZr C;kt 31-3-2016 dks lekIr o"kZ ¼ys[kk ijhf{kr½

31-3-2015 dks lekIr o"kZ ¼ys[kk ijhf{kr½

I- C;kt@vfxzeksa ij fefrdkVk@fcy 66553489 63748107II- fuos'kksa ij vk; 18965071 20088470III- Hkkjrh; fjt+oZ cSad ds vfr'ks"kksa vkSj vU; vUrj cSad fuf/k;ksa ij C;kt 216607 646915IV vU; 1708242 1401979tksM+ 87443409 85885471

¼000 dks NksM+dj½

#i, #i,vuqlwph 14 & vU; vk; 31-3-2016 dks lekIr

o"kZ ¼ys[kk ijhf{kr½31-3-2015 dks lekIr

o"kZ ¼ys[kk ijhf{kr½I deh'ku] fofue; vkSj nykyh 810132 763995II fuos'kksa ds foØ; ij ykHk ¼fuoy½ 1401155 1336627III Hkwfe] Hkou rFkk vkfLr;ksa ds foØ; ij ykHk ¼fuoy½ 397 402IV fofue; ysu&nsu ij ykHk ¼fuoy½ 375701 343741V- fofo/k vk; 2197472 1842763tksM+ 4784857 4287528


vuqlwph 15 & vifpr C;kt 31-3-2016 dks lekIr o"kZ ¼ys[kk ijhf{kr½


I tekjkf'k;ksa ij C;kt 63123639 66960328II Hkkjrh; fjt+oZ cSad@varj cSad m/kkjksa ij C;kt 658960 643121III vU; 1902941 1490076tksM+ 65685540 69093525

Punjab & Sind Bank



SCHEDULE 12 - CONTINGENT LIABILITIES AS ON 31.03.16[Audited]


I. Claims against the bank not acknowledged as debts 30853 33700 II. Liability for partly paid investments 0 0III. Liability on account of outstanding forward exchange contracts 123302179 118961774IV. Guarantees given on behalf of Constituents a) In India 21679075 20706192 b) Outside India V. Acceptances, Endorsements and other obligations 1658383 1582061 VI. Other items for which the bank is contingently liable 2574148 2931879TOTAL 149244638 144215606


SCHEDULE 13 - INTEREST EARNED Year Ended 31.03.16[Audited]

Year Ended 31.03.15[Audited]

I. Interest/discount on advances/ bills 66553489 63748107II. Income on investments 18965071 20088470III. Interest on balances with Reserve Bank of India and other inter-bank funds 216607 646915 IV. Others 1708242 1401979TOTAL 87443409 85885471

(000'S OMITTED)

Rs. Rs.

SCHEDULE 14 - OTHER INCOME Year Ended 31.03.16[Audited]


I. Commission, exchange and brokerage 810132 763995II. Profit on sale of Investments [net] 1401155 1336627III. Profit on sale of land, buildings and other assets [net] 397 402IV. Profit on exchange transactions [net] 375701 343741V. Miscellaneous Income 2197472 1842763TOTAL 4784857 4287528


SCHEDULE 15 - INTEREST EXPENDED Year Ended 31.03.16[Audited]


I. Interest on deposits 63123639 66960328 II. Interest on Reserve Bank of India/inter-bank borrowings 658960 643121III. Others 1902941 1490076TOTAL 65685540 69093525

iatkc ,.M fla/ cSad



vuqlwph 16 & ifjpkyau O;; 31-3-2016 dks lekIr o"kZ ¼ys[kk ijhf{kr½


I deZpkfj;ksa dks Hkqxrku vkSj çko/kku 8940267 8743349 II fdjk;k] dj vkSj jks'kuh 1267535 1070651III eqæ.k ,oa ys[ku lkexzh 88433 94922IV foKkiu vkSj çpkj 14368 22381V cSad dh lEifr ij ewY;ºkzl 626420 922454 ?kVk % iquewZY;u vkjf{kr fuf/k ls varj.k 169064 462077

457356 460377VI funs'kdksa dk 'kqYd] HkÙks vkSj O;; 2714 2156VII ys[kk ijh{kdksa dh Qhl vkSj O;;¼blesa 'kk[kk ys[kk ijh{kdksa dh Qhl vkSj O;; 'kkfey gSa½

93479 90614

VIII fof/k çHkkj 175947 143259IX Mkd [kpZ] rkj vkSj VsyhQksu vkfn 87772 90121X ejEer vkSj vuqj{k.k 123838 146184XI chek 793475 790339XII vU; O;; 1798590 1670623tksM+ 13843774 13324976

Punjab & Sind Bank



SCHEDULE 16 - OPERATING EXPENSES Year Ended 31.03.16[Audited]


I. Payments to and provisions for employees 8940267 8743349 II. Rent, taxes and lighting 1267535 1070651 III. Printing and stationery 88433 94922 IV. Advertisement & publicity 14368 22381 V. Depreciation on Bank's property 626420 922454 Less: Transfer from Revaluation Reserve 169064 462077

457356 460377 VI. Directors' fees, allowances and expenses 2714 2156 VII. Auditors' fees and expenses (including branch auditors' fee & expenses) 93479 90614VIII. Law Charges 175947 143259 IX. Postages, Telegrams, Telephones etc. 87772 90121 X. Repairs & maintenance 123838 146184 XI. Insurance 793475 790339 XII. Other expenditure 1798590 1670623TOTAL 13843774 13324976

iatkc ,.M fla/ cSad


vuqlwph & 17

çeq[k ys[kk uhfr;k¡

1- lkekU;

ewy&Hkwr vk/kkj

foÙkh; fooj.kksa dks ys[kk mip; vkèkkj ij ,sfrgkfld ykxr ijaijk tgk¡ vU;Fkk Li"V u fd;k x;k gks ,oa lkekU; :i ls Loh—r ys[kk fl)krksa] cSaddkjh fofu;eu vfèkfu;e] 1949 ds varxZr fuèkkZfjr lkafofèkd vko';drkvksa] Hkkjrh; fjt+oZ cSad }kjk le;≤ ij tkjh ifji=ksa ,oa fn'kk&funsZ'kksa rFkk daifu;ksa }kjk vfèklwfpr ys[kk ekudksa ¼ys[kk ekinaMksa½ fu;eksa] 2006 Hkkjr esa cSaÇdx m|ksx esa ykxw vkSj orZeku dk;Zdykiksa ds vkèkkj ij rS;kj ,oa çLrqr fd;k x;k gSA

çkdYyu dk mi;ksx

çcaèku dks fjiksVZ dh xÃ fopkjkèkhu vkfLr;ksa ,oa ns;rkvksa ¼vkdfLed ns;rkvksa lfgr½ dh jkf'k vkSj fjiksVZ dh vofèk esa fjiksVZ fd, x, vk; rFkk O;; vkSj foÙkh; foojf.k;ksa dh frfFk ds vuqlkj] dks cukus esa vuqeku vkSj dYiuk djuh iM+rh gSA çcaèku foÜokl djrk gS fd foÙkh; foojf.k;ksa dks cukus esa fd, x, vuqeku foosdiw.kZ rFkk mfpr gSaA

2- fons'kh eqæk ysu&nsu

2-1 fons'kh eqækvksa okyh leLr ekSfæd vkfLr;ksa rFkk ns;rkvksa dk Hkkjrh; #i;s esa ifjorZu rqyu&i= dh fnukad dks ykxw fofue; njksa ij fd;k x;k gS] ftUgsa Hkkjrh; fons'kh fofue; O;kikjh la?k ¼QSMkÃ½ }kjk vfèklwfpr fd;k x;k FkkA blds ykHk&gkfu dh x.kuk ykHk&gkfu [kkrs esa dh xÃ gSA

2-2 cdk;k fons'kh eqæk lkSns dks lkSns dh frfFk dks çpfyr fofue; nj ds vuqlkj fd;k x;k gSA ,sls lkSnksa esa ykHk ;k gkfu dh lax.kuk QSMkÃ ds }kjk nh xÃ njksa ij rFkk QSMkÃ ds fn'kk&funsZ'kksa rFkk ,-,l- 11 ds iSjk 38 ds çkoèkkuksa ds vuqlkj dh xÃ gSA

2-3 fons'kh fofue; ysu&nsu ls lacafèkr vk; ,oa O;; enksa dks dkjksckj ds fnu ykxw fofue; njksa ij ifjoÆrr fd;k x;k gSA

2-4 Loh—fr] i`"Bkadu rFkk vU; nkf;Roksa ij vkdfLed ns;rk,a] fons'kh eqæk xkjaVh ,oa lk[k&i= dk ewY;kadu QSMkÃ }kjk okÆ"kd laoj.k dh fnukad dks tkjh njksa ij fd;k x;k gS tcfd lekgj.k ds fy, fcyksa dks çLrqfrdj.k ds le; vuqekfur njksa ij ys[kkc) fd;k x;k gSA

3- fuos'k

3-1 fuos'k ls lacafèkr oxÊdj.k rFkk ewY;kadu dks Hkkjrh; fjt+oZ cSad }kjk fuèkkZfjr foosd'khy ekunaMksa ds vuq:i fd;k x;k gS tksfd Hkkjrh; fjt+oZ cSad }kjk fn, x, Li"Vhdj.kksa@fn'kk&funsZ'kksa ds vuq:i gSA

3-2 leLr fuos'k lafoHkkx dks rhu Hkkxksa esa oxÊ—r fd;k x;k gS tSls îfjiDork rd j[kuk* ^fcØh ds fy, miyCèk* rFkk ^Ô;kikj gsrq j[kuk** tksfd Hkkjrh; fjt+oZ cSad ds fn'kk&funsZ'kksa@funsZ'kksa ds vuq:i gSA bu rhuksa oxks± ds varxZr fuos'kksa dk çdVhdj.k fuEukafdr Ng oxÊdj.kksa ds vuq:i fd;k x;k gS%

I. ljdkjh çfrHkwfr;kaII. vU; vuqeksfnr çfrHkwfr;k¡III- 'ks;jIV. _.ki= ¼fMcsUplZ½V. lgk;d bZdkb;k¡@la;qä miØe rFkkVI. vU;

3-3 oxhZdj.k dk vk/kkj

I. ,sls fuos'k ftUgsa cSad ifjiDork rd j[kus dk bjknk j[krk gks] mUgsa îfjiDork rd j[kuk* ds :i esa oxÊ—r fd;k x;k gSA

II. ,sls fuos'k ftUgsa [kjhnus dh rkjh[k ls 90 fnuksa ds Hkhrj lS)kafrd :i ls iqu% foØ; ds fy, j[kk gks] mUgsa` Ô;kaikj ds fy, j[kus* ds :i esa oxÊ—r fd;k x;k gSA

III. ,sls fuos'k tks mä nksuksa Jsf.k;ksa esa oxÊ—r ugÈ gksa] mUgsa **foØ; ds fy, miyCèk** ds :i esa oxÊ—r fd;k x;k gSA

IV. fuos'kksa dks [kjhnrs le; mä rhuksa Jsf.k;ksa esa oxÊ—r fd;k tkrk gSA ,d oxZ ls nwljs oxZ esa çfrHkwfr;ksa dk varj.k lkekU;r% cksMZ ds vuqeksnu ls o"kZ esa ,d ckj fd;k tkrk gSA varj.k dh frfFk dks vfèkxzg.k ykxr ls de ewY;@cghewY;@cktkj ewY; ij varfjr fd;k x;k gS rFkk bl çdkj ds varj.k ij ewY; ºzkl ij çkoèkku iw.kZr;k fd;k x;k gS vkSj çfrHkwfr;ksa ds vafdr ewY;ksa esa rnuqlkj ifjorZu fd;k x;k gSA

Punjab & Sind Bank


SCHEDULE 17SIGNIFICANT ACCOUNTING POLICIES 1. General BASIS OF PREPARATION The financial statements have been prepared and presented under historical cost convention on accrual basis of accounting unless

otherwise stated and comply with Generally accepted accounting principles, statutory requirements prescribed under Banking Regulation Act, 1949, circulars and guidelines issued by Reserve Bank of India from time to time and notified accounting standards by companies (Accounting Standards) Rules, 2006 to the extent applicable and current practices in Banking Industry in India.

USE OF ESTIMATES The preparation of financial statements requires the management to make estimates and assumptions considered in the

reported amounts of assets and liabilities (including contingent liabilities) as of date of the financial statements and the reported income and expenses for the reporting period. Management believes that the estimates used in the preparation of the financial statements are prudent and reasonable.

2. Foreign Exchange Transactions2.1 All the Monetary assets and liabilities in foreign currencies are translated in Indian rupees at the exchange rates prevailing

at the Balance Sheet date as notified by Foreign Exchange Dealers Association of India (FEDAI). The resultant gain / loss is accounted for in the Profit & Loss account.

2.2 The outstanding foreign exchange contracts are stated at the prevailing exchange rate on the date of commitment. Profit or loss on such contracts is accounted for as per rates advised by FEDAI and in accordance with FEDAI guidelines and provisions of para 38 of AS-11.

2.3 Items of Income and expenditure relating to foreign exchange transactions are recorded at exchange rates prevailing on the date of the transactions.

2.4 Contingent liabilities on account of acceptances, endorsements and other obligations including guarantees in foreign currencies are valued at year end closing rates published by FEDAI except Bills for Collection which are accounted for at the notional rates at the time of lodgment.

3. Investments3.1 Classification and valuation of investments are made in accordance with the prudential norms prescribed by Reserve Bank of

India read with clarifications / directions given by RBI. 3.2 The entire investment portfolio is classified into three categories, viz, Held to Maturity, Available for Sale and Held for Trading

in line with the guidelines / directions of Reserve Bank of India. Disclosure of the investments under the three categories mentioned above is made under six classifications viz.,i. Government Securitiesii. Other approved securitiesiii. Sharesiv. Debenturesv. Subsidiaries / Joint Ventures andvi. Others

3.3 Basis Of Classification: i. Investments that the Bank intends to hold till maturity are classified as Held to Maturity.ii. Investments that are held principally for resale within 90 Days from the date of purchase are classified as Held for Trading.iii. Investments which are not classified in the above two categories, are classified as Available for Sale.iv. An investment is classified under the above three categories at the time of its purchase. Shifting of securities from

AFS to HTM and vice versa can be done with the approval of the Board normally once in a year. Shifting is effected at the lower of acquisition cost / book value / market value on the date of transfer and the depreciation, if any, on such shifting is fully provided for and the book value of securities is changed accordingly.

iatkc ,.M fla/ cSad


3-4 çfrHkwfr;ka] ftUgsa **ifjiDork rd j[kuk gS** dks vfèkxzg.k ykxr ewY; ij fy;k x;k gSA ;fn ykxr ewY; vafdr ewY; ls vfèkd gS rks çhfe;e Lor% ifjiDork dh 'ks"k vofèk ds Hkhrj ifj'kksèkuh; gSA ,sls ifj'kksèku dks vuqlwph 13 en II esa **fuos'kksa ij vk;** 'kh"kZ ds varxZr n'kkZ;k x;k gSA tgk¡ ykxr ewY; çfrnku ewY; ls de gS] ogk¡ varj olwyh ;ksX; u gksus ds dkj.k bl vk; dks ugÈ fy;k x;k gSA lgk;d Ãdkb;k¡ rFkk la;qä miØe ds fuos'k ds ewY; esa vLFkk;Ã rkSj ij vkÃ deh ds fy, çR;sd fuos'k gsrq vyx&vyx fy;k x;k gSA

3-5 **fcØh gsrq miyCèk** [kkrs ds varxZr çfrHkwfr;ksa dk ewY;kadu fLØi&okj fd;k x;k gS rFkk ºzkl@o`f) dks Js.kh okj i`Fkd fd;k x;k gSA 'kq) o`f) dks 'kkfey ugÈ fd;k x;k gS tcfd çR;sd Js.kh esa 'kq) ºzkl dk çkoèkku fd;k x;k gSA

3-6 **O;k ikj gsrq j[kh xÃ çfrHkwfr;ksa** dk ewY;kadu cktkj ewY; ij fd;k x;k gS ,oa çR;sd oxZ esa 'kq) ewY;ºzkl dks yxk;k x;k gS rFkk 'kq) o`f)] ;fn dksÃ gS] dks 'kkfey ugÈ fd;k x;k gSA

3-7 fuos'kksa dh ykxr oxZ ds vuq:i Hkkfjr vkSlru ykxr fofèk ij vkèkkfjr gSA

3-8 **fcØh gsrq miyCèk** ,oa Ô;kikj gsrq j[kh xÃ çfrHkwfr* Js.kh ds vUrxZr çfrHkwfr;ksa ds fuos'k ewY; dks"k **cktkj nj** fuèkkZj.k gsrq LV‚d ,Dlpsatksa ij fn, x, Hkko njksa ds vuq:i Hkkjrh; fjt+oZ cSad dh ewY; lwph] çkbejh MhylZ ,lksfl,'ku v‚Q bafM;k ¼ih-Mh-,-vkÃ½ dh fQDlM bUde euh ekÆdV ,aM MsfjosfVo ,lksfl,'ku v‚Q bafM;k ds lkFk la;qä :i ls fuèkkZfjr fd, x, ewY;ksa ds vuq:i fd;k x;k gSA

voxÊ—r fuos'kksa ds lacaèk esa fuEu çfØ;k viukÃ xÃ gS%

d- Òkjr Lkjdkj dh ÁfrÒwfr;ka fQEMk / ihMh,vkbZ }kjk nh xbZ njksa ijA

[k- jkT; Lkjdkj _.k] vU; vuqe¨fnr ÁfrÒwfr;ka] vf/keku 'ks;jksa] _.k i=ksa rFkk ih-,Lk-;w ck.MLk

fQEMk@ihMh,vkbZ }kjk nh xbZ njksa ds vuq:i ¼okbZ-Vh-,e-½ ij ykÒ ds vk/kkj ij t¨fd ihMh,vkbZ@ fQEMk ,oa Òkjrh; fjt+oZ cSad }kjk fu/kkZfjr fd, x, gSaA

x- bZfDoVh 'ks;LkZ uohure rqyu –i= ij vk/kkfjr czsdvi ewY; ds vk/kkj ij, t¨ fd ewY;kadu dh frfFk ij ,d o"kZ Lks iqjkuh ugÈ gSA ,sLks Ádj.kksa esa tgka ij uohure rqyu-i= miyC/k ugÈ gS 'ks;jksa dk ewY; 1/- :i;s Áfr dEiuh ekuk x;k gSA

?k- E;wpqvy QaM ;wfuV~Lk % iqu% Ø; ewY; ij ;k 'kq) vkfLr ewY; ijA

M+- Vªstjh fcy] okf.kfT;d i=] tek Áek.k i=] iqu%iwathxr ckaM~Lk] Lkgk;d Lka;qä miØe izk;ksftr laLFkku

'kq) ykxr ij A

3-9 fuos'kksa ds vf/kxzg.k ewY; dk fu/kkZj.k%

d- vfHknku ds le; çkIr çksRlkgu dks çfrHkwfr;ksa dh ykxr ls ?kVk;k x;k gSA

[k- çfrHkwfr;ksa ds vfèkxzg.k ij O;; dh xÃ nykyh@deh'ku@LVkai MîwVh dks jktLo O;; esa fy;k x;k gSA

x- fuos'kksa ds vfèkxzg.k ij fn, [kafMr vofèk ds çnÙk C;kt dks] ;fn dksÃ gks] ykHk&gkfu [kkrs ds ukes Mkyk x;k gSA çfrHkwfr;ksa dh fcØh ij çkIr [kafMr vofèk ds C;kt dks C;kt vk; ekuk x;k gSA

3-10 fuos'kksa dh fcØh ls ykHk&gkfu dks ykHk ,oa gkfu [kkrs esa fy;k x;k gSA fQj Hkh] ^îfjiDork rd j[kuk** Js.kh esa fuos'kksa dh fcØh ls vk; ij ykHk dh fLFkfr esa blds lerqY; ykHk jkf'k dks vkjf{kr iwath esa fofu;ksftr fd;k x;k gSA

3-11 xSj&fu"ikfnr fuos'k%

xSj&fu"ikfnr çfrHkwfr;ksa ds lacaèk esa vk; dh igpku ugÈ dh xÃ gS rFkk ,slh çfrHkwfr;ksa ds ewY; esa Hkkjrh; fjt+oZ cSad ds fn'kk&funsZ'kkuqlkj ewY;ºzkl ds fy, mi;qä çkoèkku fd;s x;s gSaA

3-12 'ks;jksa rFkk E;wpqvy QaM ij ykHkka'k vk; çkfIr ds vkèkkj ij vk; dh x.kuk dh tkrh gSA

3-13 ;fn fdlh ekeys esa] ^,,Q,l* vkSj ^,p,QVh* Jsf.k;ksa ij fdlh Hkh o"kZ esa ewY;&gkl ds dkj.k fd, x, çkoèkku vko';d jkf'k ls vfèkd ik;k tkrk gS rks vfrfjä jkf'k dks ykHk ,oa gkfu [kkrsa esa tek dj fn;k tkrk gS vkSj mlds leku jkf'k dks vuqlwph 2 esa fuos'k vkjf{kr [kkrsa & ÞjktLo ,oa vU; vkjf{kfr;kaß ds 'kh"kZ ds varxZr Þvkjf{kr vkSj vfèk'ks"kß esa lek;ksftr dj fn;k tkrk gSA

Punjab & Sind Bank


3.4 Securities under ‘Held to Maturity’ are stated at acquisition costs unless such costs are higher than the face value, in which case the premium is amortized over the remaining period of maturity. Such amortization is shown under “Income on Investments– Schedule 13 item II. In case, the cost is less than the redemption value, the difference being the unrealized gain, is ignored. Any diminution in value of investments in subsidiaries and joint venture, other than temporary in nature, is provided for each investment individually

3.5 Securities under ’Available for sale’ are valued scrip wise and depreciation/ appreciation is segregated category wise. While net appreciation is ignored, net depreciation under each category is provided for.

3.6 Securities under 'Held for Trading' are valued at market price and the net depreciation under each category is provided for and the net appreciation, if any, is ignored.

3.7 Cost of investment is based on the weighted average cost method category wise.3.8 The 'market value' for the purpose of valuation of investments included in the 'Available for Sale' and 'Held for Trading'

categories is the market price of the scrip as available from the trades/quotes on the stock exchanges, price list of RBI, prices declared by Primary Dealers Association of India (PDAI) jointly with the Fixed Income Money Market and Derivatives Association of India (FIMMDA).

In respect of unquoted securities, the procedure adopted is as below:

a. Government of India Securities: At rates put out by FIMMDA/PDAIb. State Government Loans, Other approved

Securities, Preference Shares, Debentures and PSU Bonds:

On yield to maturity (YTM) basis at the rate prescribed by FIMMDA/ PDAI with such mark ups as laid down by RBI or FIMMDA/PDAI

c. Equity Shares: At break-up value based on the latest Balance Sheet, which are not older than one year on the date of valuation. In cases where latest Balance Sheets are not available, the shares are valued at Re.1 per company

d. Mutual Fund Units: At re-purchase price or Net Assets Valuee. Treasury Bills, Commercial Papers,

Certificate of Deposits, Recapitalization Bonds, Subsidiaries, Joint Ventures and Sponsored Institutions:

At carrying cost.

3.9 In determining acquisition cost of investments:a. Incentive received on subscription is deducted from the cost of securities;b. Brokerage / commission/ stamp duty paid in connection with acquisition of securities are treated as revenue expenditure;c. Broken period interest, if any, paid on acquisition of investment is debited to profit & loss account. Broken period

interest received on sale of securities is recognized as Interest Income.3.10 Profit/ Loss on sale of investments is taken to profit and loss account. However, in case of profit on sale of investments in

'Held to Maturity' category, an equivalent amount of profit is appropriated to Capital Reserve.

3.11 Non Performing Investments In respect of Non-Performing Securities, income is not recognized and appropriate provision is made for depreciation in the

value of such securities as per Reserve Bank of India guidelines.

3.12 Dividend Income on shares and units of mutual funds is booked on receipt basis.

3.13 In the event, provisions created on account of depreciation in the ‘AFS’ or ‘HFT’ categories are found to be in excess of the required amount in any year, the excess is credited to the P.& L. Account and an equivalent amount is appropriated to an Investment Reserve Account in Schedule 2 – “Reserve & Surplus” under the head “Revenue and Other Reserves”.

iatkc ,.M fla/ cSad


4- vfxze

4-1 Hkkjrh; fjt+oZ cSad }kjk fuèkkZfjr foosdiw.kZ ekunaMksa ds vuqlkj vfxzeksa dk oxÊdj.k fu"iknd rFkk xSj&fu"iknd vkfLr;ksa esa fd;k x;k gSA cSad us xSj&fu"iknd vkfLr;ksa ij Hkkjrh; fjt+oZ cSad }kjk fuèkkZfjr foosdiw.kZ ekunaMksa ds vuqlkj fuEu çdkj çkoèkku fd;k gS%

vkfLr;ksa dh Js.kh çko/kku ekunaMvoekud vkjf{kr _.kksa ij 15%

* xSj&vkjf{kr _.kksa dk 25% * xSj&vkjf{kr _.kksa dk 20% vk/kkjHkwr [kkrksa ds laca/k esa] tgk¡ fuf'pr laj{k.k tSls fd fuyac [kkrs miyC/k gSa

lafnX/k&I tekurh _.k ij 25%xSj&tekurh _.k ij 100%

lafnX/k&II tekurh _.k ij 40%xSj&tekurh _.k ij 100%

lafnX/k&III tekurh _.k ij 100%xSj&tekurh _.k ij 100%

gkfu cqd cdk;k dk 100%

* xSj&tekurh _.kksa dks ,sls _.k ds :i esa ifjHkkf"kr fd;k x;k gS tgk¡ cSad }kjk@vuqeksfnr ewY;kadu@Hkkjrh; fjt+oZ cSad ds fujh{k.k vfèkdkfj;ksa }kjk vkjaHk ls gh çfrHkwfr dk ewY;] _.k ds 10 çfr'kr ls vfèkd ugÈ gS vFkkZr cdk;k tksf[keA

4-2 vfxzeksa dks xSj&ekU;rk 'kq) C;kt ij oÆ.kr fd;k x;k gS rFkk vuqç;ksT; vfxzeksa ij çkoèkku@rduhdh cês [kkrs ds vkèkkj ij fd;k x;k gSA Mh-vkÃ-lh-th-lh@Ã-lh-th-lh- ls çkIr nkoksa dks muds lek;kstu@rduhdh :i ls cês [kkrs Mkyus rd bl çdkj ds vfxzeksa esa ls de ugÈ fd;k x;k gSA tcfd ,uih, [kkrksa esa vkaf'kd olwyh dks vfxzeksa esa ls ?kVk;k x;k gSA

4-3 ekud vfxzeksa ij çkoèkku fd;k x;k gS rFkk mUgsa Hkkjrh; fjtoZ cSad ds fn'kk-funsZ'kksa ds vuqlkj ^vU; nkf;Roksa rFkk çkoèkku* 'kh"kZ ds varxZr j[kk x;k gSA

4-4 vfxzeksa dh Hkqxrku vuqlwph iqu% cukus@iqu% fuèkkZfjr djus gsrq Hkkjrh; fjtpZ cSad ds fn'kk&funsZ'kkuqlkj çkoèkku fd;k x;k gSA4-5 Hkkjrh; fjt+oZ cSad }kjk fuèkkZfjr fn'kk&funsZ'kksa ds vuqlkj vutZd [kkrksa dh fcØh dh tkrh gS%&

i½ tc cSad çfrHkwrhdj.k daiuh ¼,llh½@iqulZjpuk daiuh ¼vkjlh½ dks viuh foÙkh; vkfLr;ka csprk gS rks bldks cfg;ksa ls gVk fn;k tkrk gSAii½ ;fn fcØh dk ewY; dqy cgh ewY;¼,uchoh½ ¼vFkkZr cgh ewY; esa de çkoèkku gS½ ls de gS rks bl deh dks fcØh fd, o"kZ ds

ykHk ,oa gkfu [kkrs dks MsfcV fd;k tkrk gSAiii½ ;fn fcØh dk ewY; dqy cgh ewY;¼,uchoh½ ls vfèkd gS rks vfrfjä çkoèkku dks ml o"kZ esa çR;koÆrr dj fn;k tkrk gS

ftlesa ;g jkf'k çkIr gqÃ FkhA5- vLFkkbZ çko/kku

Hkkjrh; fjt+oZ cSad ds fn'kk&funsZ'kksa ds vuq:i] cSad ds ikl vfxzeksa ,oa fuos'kksa gsrq vLFkk Ã çkoèkkuksa dks vyx ls cukus vkSj mi;ksx ds fy, ,d vuqeksfnr uhfr gSA çR;sd foÙkh; o"kZ dh lekfIr ij] cuk, tkus okys vLFkk Ã çkoèkkuksa dk vkdyu fd;k tk,xkA Hkkjrh; fjt+oZ cSad dh iwoZ vuqefr ls] vLFkkÃ çkoèkkuksa dk mi;ksx fo'ks"k ifjfLFkfr;ksa esa vkdfLedrkvksa gsrq fd;k tk,xkA

6- vpy vkfLr;ka%6-1 ifjlj rFkk vU; vpy vkfLr;ksa dks ijaijkxr ykxr iwuewZY;u [kkrksa esa fy;k x;k gSA ifjlj ftuesa Hkwfe rFkk Åijh Hkkx esa vUrj

fd;k tkuk lEHko ugÈ Fkk] Åijh Hkkx ds ewY; esa o`f) dks 'kkfey fd;k x;k gSA6-2 LFkkÃ iês ij fy;s x, ifjljksa dks iw.kZ LokfeRo okyk ifjlj ekuk x;k gS vkSj ifj'kksfèkr ugh fd;k x;k gSA7- vpy vkfLr;ksa ij ewY;ºkzl%7-1 ewY;ºkzl fuEukuqlkj yxk;k x;k gSa%

7-1-1 daI;wVj ij lhèkh dVkSrh ç.kkyh ds vuqlkj 33-33% ifjoèkZu ij iwjs o"kZ dk ewY;ºzkl yxk;k x;k gS pkgs Hkkjrh; fjt+oZ cSad ds fn'kk&Æuns'kksa ds vuqlkj ifjoèkZu dh tks Hkh frfFk gksA

7-1-2 vk;dj vfèkfu;e] 1961 }kjk fuèkkZfjr njksa ds vuqlkj vU; vpy vkfLr;ksa ij ewY;ºzkl ?kVrh dher i)fr ij yxk;k x;k gSA 30 flrEcj ls iwoZ gksus okys ifjoèkZu ij iwjs o"kZ dk ewY;ºzkl yxk;k x;k gS rFkk blds i'pkr gksus okys ifjoèkZu ij vkèks o"kZ dk ewY;ºzkl yxk;k x;k gSA

Punjab & Sind Bank


4. Advances 4.1 Advances are classified into “Performing” and “Non-Performing” assets and provisions are made as per the prudential norms

prescribed by the Reserve Bank of India. Bank has made provisions on Non-Performing Assets as per the prudential norms prescribed by the RBI as under:

Category of Assets Provision norms

Sub-Standard

15% on Secured Exposure. 25% on Unsecured Exposure*20% on Unsecured Exposure* in respect of Infrastructure loan accounts where certain safeguards such as escrow accounts are available

Doubtful-I 25% on Secured100% on Unsecured

Doubtful-II 40% on Secured100% on Unsecured

Doubtful-III 100% on Secured100% on Unsecured

Loss 100% of Book Outstanding

* Unsecured exposure is defined as an exposure where the realizable value of the security, as assessed by the bank/ approved valuers/ Reserve Bank’s Inspecting Officers, is not more than 10 per cent, ab-initio, of the outstanding exposure.

4.2 Advances are stated net of de-recognized interest and provisions/ Technical write off made in respect of non-performing advances. Claims received from DICGC/ CGTMSE/ ECGC are not reduced from such advances till adjusted/ technically written-off whereas part recovery in all NPA accounts is reduced from advances.

4.3 Provisions on standard advances are made and are included under “Other Liabilities and Provisions” as per RBI’s guidelines.4.4 For restructured/ rescheduled advances, provisions are made in accordance with the guidelines issued by RBI. 4.5 The sale of NPA is accounted for as per guidelines prescribed by RBI:-

i). When the bank sells its financial assets to Securitization Company (SC)/ Reconstruction Company (RC), the same is removed from the books.

ii). If the sale is at a price below the net book value (NBV) (i.e. book value less provisions held), the shortfall is debited to the Profit & Loss account of the year of sale.

iii). If the sale is for a value higher than the NBV, the excess provision is reversed in the year the amounts are received. 5. Floating Provisions In accordance with the RBI guidelines, the bank has an approved policy for creation and utilization of floating provisions

separately for advances and investments. The quantum of floating provisions to be created would be assessed, at, the end of each financial year. The floating provisions would be utilized only for contingencies under extra ordinary circumstances specified in the policy with prior permission of Reserve Bank of India.

6. Fixed Assets6.1 Premises and other Fixed Assets are stated at historical cost/revalued amount. In respect of premises, where segregation is

not possible between land and superstructure, are considered in the value of superstructure. 6.2 Premises taken on perpetual lease are considered as freehold premises and are not amortized. 7. Depreciation on Fixed Assets7.1 Depreciation is provided for on -7.1.1 Computers at 33.33%, on straight-line method; additions are depreciated for the full year irrespective of the date of addition

as per RBI guidelines. 7.1.2 Other Fixed assets on written down value method at the rates prescribed by the Income Tax Act 1961; additions effected

before 30th September are depreciated for full year and additions effected thereafter are depreciated for half year.

iatkc ,.M fla/ cSad


7-1-3 tgk¡ dgÈ Hkou ds Åijh Hkkx ls 'ks"k Hkwfe dk ewY; i`Fkd djuk laHko ugÈ Fkk] ogk¡ ifjljksa dk ewY; lfEEkJ ewY; ij fy;k x;k gSA

7-2 o"kZ ds nkSjku csph xÃ@fuiVkÃ xÃ vkfLr;ksa ij dksÃ çkoèkku ugÈ fd;k x;k gSA

7-3 vkfLr;ksa esa gksus okys iquewZY;u ds ewY;ºzkl ds cjkcj dh jkf'k dks iquewZY;u lap;h [kkrs ls ykHk&gkfu [kkrs esa varfjr dj fn;k x;k gSA

8- jktLo igpku

8-1 tgk¡ vU;Fkk oÆ.kr u gks] vk; vkSj [kpks± dks mip; vkèkkj ij fy;k x;k gSA

8-2 Hkkjrh; fjt+oZ cSad }kjk fuèkkZfjr foosdiw.kZ ekun.Mksa ds vuqikyu esa vuqç;ksT; vkfLr;ksa ij gksus okyh vk; dk ewY;kadu olwyh vkèkkj ij fd;k x;k gSA

8-3 vuqç;ksT; [kkrksa esa vkaf'kd olwyh ls igys ewy jkf'k rFkk mlds i'pkr C;kt dks lek;ksftr fd;k x;k gSA

8-4 xkjafV;ksa rFkk tkjh lk[k&i=ksa ls vk;] y‚dj fdjk;k] eps±V cSaÇdx] ysu&nsu ls vk;] eqæk&varj.k lsok] va'kksa ij ykHkka'k] vk;dj dh okilh ij C;kt] ØsfMV dkMZ deh'ku] vfrns; fcyksa ij C;kt] çkslsÇlx Qhl] ljdkjh ysu&nsu ftlesa isa'ku ds laforj.k] E;wpqvy Q.M mRikn ds ;wfuVksa dh vk; rFkk ,-Vh-,e- ifjpkyu 'kkfey gS] dh lax.kuk dks çkfIr vkèkkj ij fy;k x;k gSA

8-5 _.k [kkrksa ds iw.kZ :i ls lek;ksftr gksus ij [kkrksa ds lekèkku ij nh xÃ NwV dks [kkrksa esa fy;k x;k gSA

8-6 vfrns; lkofèk tek jkf'k;ksa ij C;kt dh x.kuk cpr cSad tek [kkrs ij ykxw C;kt nj ij dh xÃ gSA

8-7 iêk djkj ds uohdj.k ij o`f)'khy iêk fdjk, ds lacaèk esa ns;rk dh x.kuk iês ds uohdj.k ds le; dh xÃ gSA

8-8 Vh;j & II iw¡th esa mUU;u ds dkj.k ckaM tkjh djus lacaèkh O;;ksa dks vkLFkfxr jktLo O;; ekuk x;k gS ftUgsa ik¡p o"kZ dh vofèk esa cês [kkrs Mkyk tkuk gSA

8-9 'ks;j fuxZe O;;ksa dks 'ks;j çhfe;e [kkrs ls lek;ksftr fd;k x;k gSA

9- deZpkjh lsok fuo`fÙk ykHk%

9-1 xzsP;qVh fufèk] isa'ku fufèk rFkk vodk'k udnhdj.k fufèk esa okÆ"kd va'knku dk çkoèkku chekafdd ewY;kadu ds vkèkkj ij fd;k gSA

9-2 fnukad 01-04-2010 ;k mlds ckn lfEefyr deZpkfj;ksa dks U;w isa'ku ;kstuk esa 'kkfey fd;k x;k gSA

10- vkfLr;ksa dk ºzkl

LFkk;h vkfLr;ksa ¼iquewZY;kafdr vkfLr;ksa lfgr½ ij âkflr gkfu ¼;fn dksÃ gS½ dh igpku vkÃlh,vkÃ }kjk tkjh ,,l 28 ¼vkfLr;ksa dk âkl½ ds vuqlkj dh tkrh gS vkSj ykHk ,oa gkfu [kkrs dks ukes dh tkrh gSA

11- vk; ij dj%

11-1 pkyw vk; dj dks ykxw dj njksa rFkk fofèkd fu.kZ;ksa@ijke'kZ gsrq nh tkus okyh jkf'k ds vkèkkj ij vkadk x;k gSA

11-2 ,,l 22 & vkLFkfxr&dj vuqlkj bl vofèk dh vk; x.kuk rFkk dj ;ksX; vk; ds chp esa le; varj ds dkj.k dj&ifjdyu ij iM+s çHkko dks 'kkfey fd;k x;k gS rFkk vkLFkfxr dj&vkfLr;ksa ds lacaèk esa bldk ewY;kadu ;Fkksfpr çfrQy dks è;ku esa j[k dj fd;k x;k gSAw

Punjab & Sind Bank


7.1.3 Cost of premises is taken composite, wherever it is not possible to segregate the cost of land from the cost of the superstructure.7.2 No depreciation is provided on assets sold/disposed of during the year.7.3 Amount equivalent to depreciation attributable to revalued portion of the assets is transferred from Revaluation Reserve

Account to the Profit & Loss Account. 8. Revenue Recognition8.1 Income and expenditure are accounted for on accrual basis unless otherwise stated. 8.2 Income on non-performing assets is recognized on realization basis in accordance with the prudential norms prescribed by

Reserve Bank of India.8.3 Partial recovery in non-performing assets is appropriated first towards principal and thereafter towards interest. 8.4 Income on guarantees and letters of credit issued, locker rent, income from merchant banking transactions, money transfer

services, dividend on shares, Interest on refund of income tax, commission on credit card, interest on overdue bills, processing fee, Government business including distribution of pension and income from units of mutual fund products and income from ATM operations are accounted for on receipt basis.

8.5 Rebate on compromised accounts is accounted for at the time of full and final adjustment of the account.8.6 Interest on overdue Term Deposits is provided at the rate of interest applicable to Savings Bank Deposits.8.7 Liability in respect of incremental lease rent on renewal of lease agreement is accounted for at the time of renewal of the

lease.8.8 Bond Issue Expenses incurred in connection with raising Tier-II Capital are treated as Deferred Revenue Expenditure to be

written off over a period of five years. 8.9 Share Issue Expenses are adjusted against the Share Premium Account 9. Staff Retirement Benefits9.1 Annual contribution to Gratuity Fund, Pension Fund and Leave Encashment Fund are provided for on the basis of an actuarial

valuation. 9.2 The Employees joining on or after 01.04.2010 are being covered under the New Pension Scheme.10. Impairment of Assets Impairment losses (if any) on Fixed Assets (including revalued assets) are recognized in accordance with AS 28 (Impairment

of Assets) issued by the ICAI and charged off to Profit and Loss Account.11. Taxes on Income11.1 Current Income Tax is measured at the amount expected to be paid considering the applicable tax rates and favorable judicial

pronouncement/ legal opinions.11.2 In accordance with AS-22 Deferred Tax comprising of tax effect of timing differences between taxable and accounting income

for the period, is recognized keeping in view the consideration of prudence in respect of Deferred Tax Assets/Liabilities.

iatkc ,.M fla/ cSad


vuqlwph& 18

ys[kksa ls lacaf/kr fVIif.k;ka

1- cfg;ksa ds 'ks"k feyku vkSj mudk lek;kstu

1-1 dqNsd 'kk[kkvksa esa lgk;d cgh [kkrk 'ks"kksa ds lkFk fu;a=d [kkrksa ds 'ks"k feyku@lek;kstu dh çfØ;k py jgh gSA

1-2 var'kkZ[kk [kkrksa ¼vkÃchvkj $ MhMh½ esa cdk;k çfof"V;ksa ds MsfcV&ØsfMV dk vkjafHkd feyku] ftls vardkZ;kZy; lek;kstu esa 'kkfey djds bl dk;Z ¼ftlesa cdk;k çfof"V;ka 'kkfey gSa½ dks 31-03-2016 rd fd;k x;k gS vkSj bldk lek;kstu dk;Z py jgk gSA

1-3 Mªk¶Vksa@ns; VhVh] ns;@çnÙk ykHkka'k okjaV] çkI;@ns; MsfcV uksV] vkjVhth,l@us¶V ¼mpar½ bR;kfn ds lkFk [kkrksa dk lek;kstu dk dk;Z py jgk gSA Hkkjrh; fjt+oZ cSad dh 'krks± ds vuqlkj çkoèkku dj fn;k gSA

çcaèku dh jk; esa] ykHk&gkfu [kkrs o rqyu&i= ifjek.k fu/kkZfjr djus ;ksX; ugha gS] ij mä iSjk 1-1 ls 1-3 dk çHkko ;fn dksÃ gS] rks ux.; gksxkA

1-4 Hkkjrh; fjt+oZ cSad ds fn'kk&funsZ'kksa ds vuq:i 30-09-2015 dh vofèk rd rFkk 31-03-2016 dks cdk;k varj 'kk[kk ds [kkrksa dh ukes rFkk tek çfofn~xV;ksa dks vyx vyx djus dk dk;Z cSad }kjk fd;k x;k gS ftlds ifj.kkeLo#i dqN 'kh"kks± esa dqy MsfcV ;k vU; 'kh"kks± esa dqy tek 'ks"k gSA N% eghuksa ls vfèkd dh vofèk dh fuoy ukes çfof"V;ksa ds lacaèk esa çkoèkku fd, x, gSA

var'kkZ[kk [kkrk esa fuoy tek gS blfy, çkoèkku dh vko';drk ugÈ gSA

1-5 cdk;k uksLVªks [kkrksa dh dqy fuoy tek dks fnukad 31 ekpZ 1996 dh fLFkfr ds vuq#i #- 3-78 djksM+ ¼fiNys o"kZ #- 3-64 djksM+½ dks vo#} uksLVªks fofoèk nsunkj [kkrksa esa varfjr dj fn;k x;k gSA ftlesa ls #- 1-77 djksM+ dks 14-11-1989 dh vofèk ls igys ds cgh ewY; ij fy;k x;k gSA 01 vçSy 1996 ds i'pkr dh vofèk ds fy, 3 o"kks± ls vfèkd gsrq cdk;k #- 4-75 djksM+ dh jkf'k ¼iwoZ o"kZ #- 4-43 djksM+½ dks vlek;ksftr çfof"V;ksa ls vyx dj mUgsa vnkoh tek ¼uksLVªks½ [kkrs esa j[kk x;k gSA

2-1 fnukad 31-03-2016 dh fLFkfr ds vuqlkj #- 4-17 djksM+ dh okLrfod ykxr dh cSad dh laifÙk;ksa ds lacaèk esa fofèkd vkSipkfjdrk,a vHkh iwjh gksuh 'ks"k gSA ¼fiNys o"kZ 5 laifÙk;ka 3-74 djksM+ dh Fkh½

3- iwath ¼#- djksM+ esa½

ensa 2015&16 2014&15¼i½ lh vkj , vkj Vh;j&I iwath ¼ckly&II½ 8.77% 8.51%

¼ii½ lh vkj , vkj Vh;j&II iwath (%) ¼ckly& II½ 2.98% 3.37%

¼iii½ dqy lh-vkj-,-vkj- ¼ckly& II½ 11.75% 11.88%

¼iv½ lkekU; bfDoVh Vh;j&I iwath vuqikr ¼ckly&III½ 9.29% 8.48%

¼v½ vfrfjä Vh;j&I iwath vuqikr ¼ckly&III½ 0.00% 0.00%

¼vi½ lh-vkj-,-vkj-&Vh;j&I iwath vuqikr ¼ckly III½ 9.29% 8.48%

¼vii½ lh-vkj-,-vkj-&fV;j&II iwath vuqikr ¼ckly III½ 1.62% 2.76%

¼viii½ dqy iw¡th vuqikr ¼lhvkj,vkj½ ¼ckly&III ½ 10.91% 11.24%

¼ix½ Hkkjr ljdkj ds 'ks;j /kkjdksa dh çfr'krrk 79.62% 79.62%

¼x½ tqVkbZ xbZ vfrfjDr bfDoVh iw¡th dh jkf'k 'kwU; 180

¼xi½ tqVkbZ xbZ vfrfjDr fV;j&I iwath vuqikr dh jkf'k ftlesa ls ih,ulhih,l%vkbZihMhvkbZ%

'kwU; 'kwU;

¼xii½ tqVkbZ xbZ vfrfjä fV;j&II iwath vuqikr dh jkf'k ftlesa ls _.k iw¡th fy[kr vf/kekuh 'ks;j iw¡th fy[kr cseh;knh lap;h vf/kekuh 'ks;j@çfrns; xSj lap;h vf/kekuh 'ks;j çfrns; vf/kekuh 'ks;j

'kwU; 'kwU;

Punjab & Sind Bank


SCHEDULE 18

NOTES ON ACCOUNTS

1 Balancing of Books and Reconciliation.

1.1 In certain Branches, the balancing / reconciliation of control accounts with subsidiary ledgers is in progress.

1.2 Initial matching of debit and credit outstanding of old entries in Inter Branch Account (IBR+DD), prior to CBS System. Adjustments (including old outstanding entries) has been done up to 31.03.2016 and reconciliation is in progress.

1.3 Reconciliation of Drafts payable, Debit Note Receivable/ Payable, RTGS/NEFT (Suspense) etc. is in progress. Provisions have been made as per RBI norms.

In the opinion of the management, the impact of the above para 1.1 to 1.3, if any, on the Profit & Loss Account and Balance Sheet though not quantifiable, will not be material.

1.4 In terms of Reserve Bank of India guidelines, segregation of Debit and Credit entries in Inter Branch Accounts pertaining to the period up to 30.09.2015 and remained outstanding as on 31.03.2016 has been done which has resulted in either net Debit in some heads or net credit in other heads. Provision is to be made in respect of Net Debit Entries outstanding for period exceeding 6 months.

In Inter Branch Account there is net credit balance hence no provision is required to be made.

1.5 Aggregate net credit position in respect of outstanding NOSTRO Accounts relating to the period up to 31st March 1996 amounting to Rs 3.78 Crores as compared to previous year of Rs.3.64 Crores has been transferred to Blocked Nostro Sundry Creditors A/C out of which Rs 1.77 crores for period prior to 14.11.1989 is being carried at old book value. Credit entries for the period after 1st April 1996 remaining outstanding for more than 3 years amounting to Rs 4.75 Crores as compared to previous year of Rs.4.43 Crores have been segregated and kept in Blocked Unclaimed Nostro New A/C.

2.1 Legal formalities are yet to be completed in respect of 6 Bank’s properties having original cost of Rs.4.17 crore as on 31.03.2016 (Previous year 5 properties costing Rs.3.74 crore).

3. Capital (Rupees. in crore)

Items 2015-16 2014-15(i) CRAR - Tier I capital (Basel-II) 8.77% 8.51%(ii) CRAR - Tier II capital (Basel-II) 2.98% 3.37%(iii) Total CRAR (Basel-II) 11.75% 11.88%(iv) Common Equity Tier I capital ratio (Basel-III) 9.29% 8.48%(v) Additional Tier I capital ratio (AT-I) (Basel-III) 0.00% 0.00%(vi) CRAR – Tier I capital ratio (Basel-III) 9.29% 8.48%(vii) CRAR – Tier II capital ratio (Basel-III) 1.62% 2.76%(viii) Total Capital ratio (CRAR) (Basel-III) 10.91% 11.24%(v) Percentage of the shareholding of the Government of India 79.62% 79.62%(vi) Amount of equity capital raised Nil 180(vii) Amount of Additional Tier I capital raised of which

PNCPS:IPDI:

Nil Nil

(viii) Amount of Tier II capital raised of which Debt capital instrument:Preference Share Capital Instruments:[Perpetual Cumulative Preference Share (PCPS)/Redeemable Non-Cumulative Preference Shares (RNCPS) / Redeemable Cumulative Preference Shares (RCPS)]

Nil Nil

iatkc ,.M fla/ cSad


4- fuos'k4-1 fuos'kksa dk ewY;

¼#- djksM+ esa½

ensa 2015&16 2014&15

¼i½ fuos'kksa dk ldy ewY;

¼d½ Hkkjr esa 27693.40 26791.69

¼[k½ Hkkjr ls ckgj 'kwU; 'kwU;

¼ii½ ewY;ºkzl gsrq çko/kku ¼,u-ih-,- çko/kku lfgr½

¼d½ Hkkjr esa 48.36 39.99


¼iii½ fuos'kksa dk 'kq) ewY;

¼d½ Hkkjr esa 27645.04 26751.70


2- fuos'kksa esa ewY;ºkzl ds çko/kkuksa esa ?kV&c<+ ¼,u-ih-,- ds çko/kkuksa lfgr½

¼i½ vFk 'ks"k 39.99 52.50

¼ii½ tek% o"kZ ds nkSjku fd, x, çko/kku 44.10 14.43

¼iii½ ?kVk% o"kZ ds nkSjku vf/kd fd, çko/kkuksa dks cês [kkrs esa Mkyuk@iqujkadu 35.73 26.94

¼iv½ 'ks"k 48.36 39.99

4-2 iqu% [kjhn@iqu% çfrofrZr ysu&nsu ¼vafdr ewY; dh 'krksaZ ij½

4-2-1 iqu% [kjhn%iqu% çfrofrZr ysu&nsu çfof"V;ksa ¼ljdkjh çfrHkwfr;k¡½ ¼#- djksM+ esa½

fooj.k U;wure cdk;k vf/kdre cdk;k nSfud vkSlr cdk;k 31-03-2016 dks 'ks"k

iqu% [kjhn ds varxZr csph xbZ çfrHkwfr;k¡ 'kwU; 1719-00 237-45 795-00

iqu% çfrofrZr ds varxZr [kjhnh xbZ çfrHkwfr;k¡ 'kwU; 1340-00 66-49 &&

4-2-2 iqu% [kjhn@iqu% çfrofrZr ysu&nsu çfof"V;ksa ¼daiuh _.k çfrHkwfr;ka½ ¼#- djksM+ esa½

fooj.k U;wure cdk;k vf/kdre cdk;k nSfud vkSlr cdk;k vFk 'ks"k 31-03-2016iqu% [kjhn ds varxZr csph xbZ çfrHkwfr;k¡ 'kwU; 'kwU; 'kwU; 'kwU;iqu% çfrofrZr ds varxZr [kjhnh xbZ çfrHkwfr;k¡ 'kwU; 'kwU; 'kwU; 'kwU;

4-3 ,l-th-,y- VªkaLQj QkeZ okilh dk fooj.k rFkk Hkkjrh; fjt+oZ cSad dks pqdrk dh xbZ naM dh dqy jkf'k

2015&16 2014&15

fuf/k ;k çfrHkwfr;ksa dh vko';drk ds dkj.k ,l-th-,y- VªkaLQj QkeZ okilh dh la[;k 'kwU; 'kwU;

Hkkjrh; fjt+oZ cSad dks pqdrk dh xbZ naM dh jkf'k 'kwU; 'kwU;

Punjab & Sind Bank


4. Investments4.1 Value of Investments

(Rupees in crore)

Items 2015-16 2014-15

(1) (i) Gross Value of Investments

(a) In India 27693.40 26791.69

(b) Outside India Nil Nil

(ii) Provisions for Depreciation (including provision for NPA)

(a) In India 48.36 39.99


(iii) Net Value of Investments

(a) In India 27645.04 26751.70


(2) Movement of provision held towards depreciation on Investments (Including provision for NPAs)

(i) Opening balance 39.99 52.50

(ii) Add: Provisions made during the year 44.10 14.43

(iii) Less: Write-off/ write-back of excess provisions during the year 35.73 26.94

(iv) Closing balance 48.36 39.99

4.2 Repo / Reverse Repo Transactions (in face value terms)

4.2.1 Repo / Reverse Repo Transactions (Government Securities)(Rupees in crore)

Particulars MinimumOutstanding

MaximumOutstanding

Daily AverageOutstanding

Balance as on 31.03.2016

Securities sold under Repos Nil 1719 237.45 795.00Securities purchased under Reverse Repos Nil 1340 66.49 -

4.2.2 Repo / Reverse Repo Transactions (Corporate Debt Securities)Particulars Minimum

OutstandingMaximum

Outstanding Daily AverageOutstanding

Balance as on 31.03.2016

Securities sold under Repos Nil Nil Nil NilSecurities purchased under Reverse Repos Nil Nil Nil Nil

4.3 Detail of bouncing of SGL Transfer Forms and Quantum of Penalty paid to Reserve Bank of India :

2015-16 2014-15i. Number of instances when the SGL transfer form bounced for want of either funds or the securities.

Nil Nil

ii. Penalty paid to RBI on account of bouncing of SGL transfer form Nil Nil

iatkc ,.M fla/ cSad


4-4 xSj&lkafof/kd rjyrk vuqikr okyh fuos'k lwph% 31-03-2016 dks tkjhdrkZ laxBu dh fLFkfr% ¼#- djksM+ esa½

la[;k tkjh drkZ jkf'k futh LFkkiu dh lhek

fuos'k xzsM ls uhps çfrHkwfrdj.k

dh lhek

vewY;kafdr çfrHkwfr;ksa dh

lhek

vlwphxr çfrHkwfr;ksa dh

lhek

1½ 2 3 4 5 6 7i- lkoZtfud miØe 5727.28 5682.73 0 5546.04 1483.13

ii- foÙkh; laLFkku 85.61 43.10 0 47.12 13.10

iii- cSad 279.12 131.00 0 0.47 147.65iv futh dEiuh 482.41 448.34 0 91.75 38.91

v- lgk;d@la;qä miØe 0.65 0.65 0 0.65 0.65

vi- vU; 15.63 8.62 0 15.62 15.62

vii- ewY;ºkzl ds fy, j[ks çko/kku ¼,uih, lfgr½

48.36

dqy* 6542.34

uksV% *d‚ye 3 dk tksM+ rqyu&i= dh vuqlwph 8 dh fuEufyf[kr Jsf.k;ksa ds tksM+ ls esy [kkuk pkfg, % d- 'ks;j [k- fMcsapj o c‚a.M x- lgk;d@la;qä miØe ?k- vU; ¼2½ mijksä d‚ye 4]5]6 rFkk 7 esa fjiksVZ dh xbZ jkf'k ijLij vuU; u gksA

4-5 vuqç;ksT; vkSj xSj&lkafof/kd rjyrk vuqikr fuos'kksa esa mrkj&p<+ko¼#- djksM+ esa½

fooj.k 2015&16 2014&15vFk 'ks"k 53.91 59.04

o"kZ ds nkSjku ifjo/kZu 36.57 44.83

o"kZ ds nkSjku dVkSfr;k¡ 34.22 49.96

bfr 'ks"k 56.26 53.91

dqy çko/kku 43.06 35.16

4-6 O;qRifÙk;k¡ o"kZ 2015&16 ds nkSjku cSad us çfrj{kk ;k O;kikfjd mís'; ls dksbZ Hkh u;k O;qifÙk ysu&nsu ¼ok;nk nj le>kSrk@C;kt nj

vnyk&cnyh@fofue; O;kikj C;kt&nj O;qRifÙk;k¡½ ugha fd;k gSA rnuqlkj Hkkjrh; fjt+oZ cSad ds fn'kk&funsZ'kksa ds vuqlkj O;qRifÙk ysu&nsu ds laca/k esa xq.kkRed o ek=kRed çdVhdj.k visf{kr ugha gSA

4-7 o"kZ ds nkSjku iqu% lajfpr@iqu% vuqlwfpr@iqu% ijØkfer fuos'k¼#- djksM+ esa½

fooj.k 2015&16 2014&15

ekud vkfLr;k¡ ftudh iqulajpuk gksuh gS 'kwU; 'kwU;

voekud vkfLr;k¡ ftudh iqulajpuk gksuh gS 'kwU; 'kwU;

v'kks/; vkfLr;k¡ ftudh iqulajpuk gksuh gS 'kwU; 'kwU;

dqy vkfLr;ksa dh jkf'k ftudh iqulaZjpuk gksuh gS 'kwU; 'kwU;

Punjab & Sind Bank


4.4 Non-SLR Investments Portfolio: Issuer Composition as on 31.03.2016(Rupees in crore)

No Issuer Amount Extent of Private

Placement

Extent of ‘Below Investment Grade’

Securities

Extent of ‘Un-rated’ Securities

Extent of ‘Unlisted’ Securities

(1) (2) (3) (4) (5) (6) (7)i. PSUs 5727.28 5682.73 0 5546.04 1483.13

ii. FIs 85.61 43.10 0 47.12 13.10iii. Banks 279.12 131.00 0 0.47 147.65iv. Private Corporate 482.41 448.34 0 91.75 38.91v. Subsidiaries/ Joint Ventures 0.65 0.65 0 0.65 0.65

vi. Others 15.63 8.62 0 15.62 15.62vii. Provision held towards depreciation

(including NPA) 48.36

Total * 6542.34

Note: (1) * Total under column 3 should tally with the total of Investments included under the following categories in Schedule 8 to the balance sheet:

a) Shares b) Debentures & Bonds c) Subsidiaries / joint ventures d) Others (2) Amounts reported under column 4, 5, 6 and 7 above may not be mutually exclusive.

4.5 Movement of Non Performing Non SLR Investments(Rupees in crore)

Particulars 2015-16 2014-15Opening balance 53.91 59.04Additions during the year 36.57 44.83Reductions during the year 34.22 49.96Closing balance 56.26 53.91Total Provisions held 43.06 35.16

4.6 Derivatives Bank has not entered into any derivative transactions (Forward rate agreement/Interest Rate Swap/ Exchange Traded Interest

Rate Derivatives) during the year 2015-16. Accordingly, qualitative and quantitative disclosures under RBI guidelines with respect to derivative transactions are not required.

4.7 Restructured / Rescheduled / Renegotiated - Investments during the year(Rupees in crore)

Particulars 2015-16 2014-15Standard assets subjected to restructuring etc. Nil NilSub-standard assets subjected to restructuring etc. Nil NilDoubtful assets subjected to restructuring etc. Nil NilTotal amount of assets subjected to restructuring etc. Nil Nil

iatkc ,.M fla/ cSad


4-8 o"kZ ds nkSjku cSad us #-826-02 djksM+ dh vafdr ewY; *ifjiDork rd j[kus^ ls *fcØh gsrq miyC/k Js.kh^ esa çfrHkwfr;k¡ varfjr dh gSaA

4-9 o"kZ ds nkSjku fcfØ;ksa dk ewY; vkSj ,pVh,e Js.kh dks@ls çfrHkwfr;ksa dk varj.k] o"kZ ds vkjaHk esa ,pVh,e Js.kh esa j[ks x, fuos'kksa ds ogh ewY; ls 5% ls vf/kd ugha gSA

5 vkfLr xq.koÙkk 5-1 vuqç;ksT; vkfLr;k¡

¼#- djksM+ esa½

ensa 2015&16 2014&15¼i½ 'kq} vfxzeksa esa 'kq} ,uih, ¼%½ 4.62 3.55

¼ii½ çko/kku lekos'k vuqikr ¼ihlhvkj½ ¼%½ 48.26 46.81

¼iii½ ldy ,uih, esa ?kV&c<+¼d½ vFk 'ks"k 3082.19 2553.52

¼[k½ o"kZ ds nkSjku ifjo/kZu 1959.92 1242.42

¼x½ o"kZ ds nkSjku deh 813.06 713.75

¼?k½ bfr 'ks"k 4229.05 3082.19

¼iv½ fuoy ,uih, esa mrkj&p<+ko¼d½ vFk 'ks"k 2266.00 1918.60

¼[k½ o"kZ ds nkSjku ifjo/kZu 1557.02 1032.08

¼x½ o"kZ ds nkSjku deh 873.55 684.68

¼?k½ bfr 'ks"k 2949.47 2266.00

¼v½ ,uih, çko/kkuksa esa mrkj&p<+ko ¼ekud vkfLr;ksa ij çko/kku dks NksM+dj½¼d½ vFk 'ks"k 792.02 618.67

¼[k½ tek% o"kZ ds nkSjku çko/kku 854.74 488.74

¼x½ ?kVk% vf/kd fd, çko/kkuksa dks cês [kkrs [email protected] 380.05 315.39

¼?k½ bfr 'ks"k 1266.71 792.02

5-2 Mh-vkbZ-lh-th-lh-@lh-th-Vh-,e-,l-bZ-@bZ-lh-th-lh- ds ik= nkos] nkf[ky rFkk iqu% nkf[ky nkos tks oS/k@olwyh ;ksX; gS] dks vfxzeksa gsrq çko/kku ds fy, çfrHkwfr ds vk/kkj ij fopkj.kh; ekuk x;k gSA

Punjab & Sind Bank


4.8 During the year, the Bank shifted securities worth Rs.826.02 crore (face value) from “Held till Maturity” to “Available for Sale Category”.

4.9 The value of shifting/ sales from HTM category during the year does not exceed 5% of the book value of investments held in HTM category at the beginning of the year.

5. Asset Quality5.1. Non-Performing Assets

(Rupees in crore)

Items 2015-16 2014-15(i) Net NPAs to Net Advances (%) 4.62 3.55(ii) Provisioning Coverage Ratio (PCR) (%) 48.26 46.81(iii) Movement of Gross NPAs

(a) Opening Balance 3082.19 2553.52(b) Additions during the year 1959.92 1242.42(c) Reductions during the year 813.06 713.75(d) Closing balance 4229.05 3082.19

(iv) Movement of Net NPAs (a) Opening Balance 2266.00 1918.60(b) Additions during the year 1557.02 1032.08(c) Reductions during the year 873.55 684.68(d) Closing balance 2949.47 2266.00

(v) Movement of provisions for NPAs (excluding provisions on standard assets)(a) Opening Balance 792.02 618.67(b) Add: provisions made during the year 854.74 488.74(c) Less: write off, write back of excess provisions 380.05 315.39(d) Closing balance 1266.71 792.02

5.2 DICGC / CGTMSE/ ECGC claim eligible, lodged and re-lodged have been considered as security for provisioning on advances on the basis that such claims are valid / realizable.

iatkc ,.M fla/ cSad


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kkrksa dk çd

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vkfL

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hZdj.k

ekud

voe

kud

lafnX/kgkfu

dqy

ekud

voe

kud

lafnX/kgkfu

dqy

ekud

voe

kud

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lafnX/kg

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[kkrs

¼çkjafHkd v

k¡dMka+s½

_f.k;ksa dh la-

12

1212

0

120

169

16

930

1

301

cdk;k jkf'k

812.6

9

812.

6937

1.24

37

1.24

7195

.90

7195

.983

79.83

83

79.83

çko/kku

10

6.06

10

6.06

37.1

2

37.1

226

9.15

26

9.15

412.

33

412.

33

2-o"kZ d

s nkSjku u

,

iqu% lajfpr

[kkrs

_f.k;ksa dh la-

0

1

11

1

2

23

1

4

cdk;k jkf'k

36.6

0

21.4

8

58.0

80.

32

0.32

331.

5

331.

536

8.42

21

.48

38

9.9

çko/kku

0.

05

1.13

1.

180.

03

0.03

16.8

1

16.8

116

.89

1.

13

18.0

2

3-foÙkh;&o"kZ ds n

kSjku

iqu%lajfpr

ekud

dk mUu;u

_

f.k;ksa dh la-

1

1

2

23

3

cdk;k jkf'k

7.

52

7.52

51.5

2

51.5

259

.04

59

.04

çko/kku

2.51

2.

512.

51

2.51

4-vfxze

iqu% lajfpr

ekud

tks vkd

"kZd m

Pp ç

ko/

kkuksa dks jksdrs

gSa rF

kk@;k

foÙk&o"kZ ds v

ar esa

vfrfjä

tksf[

ke Hkkj

rFkk ;fn

vkxkeh

foÙk&o"kZ d

s çkjaHk

esa vfxze

iqu%lajfpr

ekud

dks fn[kkus

dh vko';

edrk u

gha g

S

_f.k;ksa dh la-

1

16

6

12

1219

19

cdk;k jkf'k

12.4

2

12.4

217

.32

17

.32

801.

06

801.

0683

0.80

83

0.80

çko/kku

0.

47

0.47

0.02

0.02

26.2

1

26.2

126

.70

26.7

0

5-foÙkh;&o"kZ ds n

kSjku i

qu%

lajfpr

[kkrksa dk mUu;u

_f.k;ksa dh

la- ¼&

½

5

514

14

11

1130

30

cdk;k jkf'k ¼&

½32

0.37

32

0.37

34.8

8

34.8

820

4.53

20

4.53

559.

78

559.

78

çko/kku

¼&½

137.1

7

137.

1710

.38

10

.38

30.7

0

30.7

017

8.25

17

8.25

6-foÙkh;&o"kZ d

s nkSjku i

qu%

lajfpr

[kkrksa dh vifyf[kr

_f.k;ksa dh la-

-1

-1

23

2322

22

cdk;k jkf'k

-48.5

1

-48.

5129

2.22

29

2.22

3155

.12

3155

.1233

98.83

33

98.83

7-31

ekpZ d

ks lekIr foÙ

kh;&o"kZ

ds n

kSjku i

qu% l

ajfpr

[kkrs

¼vafre

vkad

Ms] *½

_f.k;ksa dh la-

6

1

710

3

103

127

12

723

6

1

237

cdk;k jkf'k

565.0

1

21.4

8

586.

4934

.66

34

.66

3418

.21

3418

.2140

17.88

21

.48

4039

.36

çko/kku

32

.45

1.

13

33.5

82.

42

2.42

188.

08

188.

0822

2.95

1.

13

224.

08

*@

LFkkb

Z iqu% l

ajfpr

vfxze

vkad

Mksa ds v

frfjä t

ks mPp

çko/kkuksa ;

k tksf[

ke Hkkj

dks vkd

f"kZr

ugha djr

s gSa ¼;fn

ykxw g

ks½

Punjab & Sind Bank


5.3

Deta

ils o

f Acc

ount

s Res

truc

ture

d:PU

NJA

B &

SIN

D BA

NK

STAT

EMEN

T O

F DI

SCLO

SURE

OF

REST

RUCT

URE

D AC

COU

NTS

AS

ON

31.

03.2

016

(Am

ount

in c

rore

s)Sl

.N

o.Ty

pe o

f Res

truc

turin

g →

Und

er C

DR M

echa

nism

Und

er S

ME

Debt

Re

stru

ctur

ing

Mec

hani

smO

ther

sTO

TAL

Asse

t Cla

ssifi

catio

n →

Std.

Sub-Std.

Doubt-ful

Loss

Total

Std.

Sub-Std.

Doubt-ful

Loss

Total

Std.

Sub-Std.

Doubt-ful

Loss

Total

Std.

Sub-Std.

Doubt-ful

Loss

Total

Deta

ils ↓

1Re

stru

ctur

ed A

ccou

nts

as o

n Ap

ril 1

of t

he F

Y (O

peni

ng fi

gure

s)*

No.

of B

orro

wer

12

1212

0

120

169

16

930

1

301

Amt.O

/s81

2.69

81

2.69

371.

24

371.

2471

95.9

0

7195

.983

79.8

3

8379

.83

Prov

. the

reon

106.

06

106.

0637

.12

37

.12

269.

15

269.

1541

2.33

41

2.33

2Fr

esh

Rest

ruct

urin

g du

ring

the

year

N

o.of

Bor

row

er0

1

1

1

12

2

3

1

4

Amt.O

/s36

.60

21

.48

58

.08

0.32

0.

3233

1.5

33

1.5

368.

42

21.4

8

389.

9

Prov

. the

reon

0.05

1.

13

1.18

0.03

0.

0316

.81

16

.81

16.8

9

1.13

18

.02

3U

pgra

datio

ns to

re

stru

ctur

ed S

td.

Cate

gory

dur

ing

the

FY

No.

of B

orro

wer

1

1

2

23

3

Amt.O

/s

7.52

7.

5251

.52

51

.52

59.0

4

59.0

4

Prov

. the

reon

2.51

2.

512.

51

2.51

4Re

stru

ctur

ed S

td. A

dv.

whi

ch c

ease

to a

ttra

ct

high

er p

rov.

And

/or

addi

tiona

l ris

k w

eigh

t at

the

end

of th

e FY

an

d he

nce

need

not

be

show

n as

rest

ruct

ured

St

d. A

dvan

ces a

t the

be

ginn

ing

of th

e ne

xt F

Y

No.

of B

orro

wer

1

16

612

1219

19

Amt.O

/s12

.42

12.4

217

.32

17.3

280

1.06

801.

0683

0.80

830.

80

Prov

. the

reon

0.47

0.47

0.02

0.02

26.2

1

26.2

126

.70

26.7

0

5Do

wn-

grad

ation

s of

rest

ruct

ured

acc

ount

s du

ring

the

FY

No.

of

Borr

ower

(-)5

5

14

1411

11

30

30

Amt.O

/s (

-)32

0.37

32

0.37

34.8

8

34.8

820

4.53

20

4.53

559.

78

559.

78

Prov

. The

reon

(-)

137.

17

137.

1710

.38

10

.38

30.7

0

30.7

017

8.25

17

8.25

6W

rite-

offs o

f Re

stru

ctur

ed a

ccou

nts

durin

g th

e FY

No.

of B

orro

wer

-1

-1

23

2322

22

Amt.O

/s (

-)-4

8.51

-4

8.51

292.

22

292.

2231

55.1

2

3155

.12

3398

.83

33

98.8

3

7Re

stru

ctur

ed a

ccou

nts

as o

n M

ar. 3

1 of

the

FY

(Clo

sing

figu

res*

)

No.

of B

orro

wer

6

1

710

3

103

127

12

723

6

1

237

Amt.O

/s56

5.01

21

.48

58

6.49

34.6

6

34.6

634

18.2

1

3418

.21

4017

.88

21

.48

40

39.3

6

Prov

. the

reon

32.4

5

1.13

33

.58

2.42

2.

4218

8.08

18

8.08

222.

95

1.13

22

4.08

*/ E

xclu

ding

the

figur

es o

f Sta

ndar

d Re

stru

ctur

ed A

dvan

ces w

hich

do

not a

ttra

ct h

ighe

r Pro

visi

onin

g or

Ris

k W

eigh

t (if

Appl

icab

le)

iatkc ,.M fla/ cSad


5-4 vkfLr iqulajpuk gsrq çfrHkwfrdj.k @ iqufuZekZ.k daifu;ksa dks csph xbZ foÙkh; laifÙk;ksa dk fooj.k ¼#- djksM+ esa½

ensa 2015&16 2014&15¼i½ [kkrksa dh la[;k 'kwU; 'kwU; ¼ii½ ,l lh@vkj lh dks csps x, [kkrksa dk dqy ewY; ¼'kq) çko/kku½ 'kwU; 'kwU; ¼iii½ dqy çfrQy 'kwU; 'kwU; ¼iv½ igys ds o"kksaZ esa [kkrksa ds gLrkarj.k ls olwyk x;k vfrfjä çfrQy 'kwU; 'kwU;¼v½ 'kq) cgh ewY; ds Åij dqy ykHk@gkfu 'kwU; 'kwU;

5-5 [kjhnh@csph xbZa xSj fu"ikfnr foÙkh; vkfLr;ksa ds fooj.k%d½ [kjhnh xbZa xSj&fu"ikfnr foÙkh; vkfLr;ksa ds fooj.k

¼#- djksM+ esa½

fooj.k 2015&16 2014&151- d½ o"kZ ds nkSjku [kjhns x, [kkrs 'kwU; 'kwU;

[k½ dqy cdk;k 'kwU; 'kwU;2- d½ buesa ls o"kZ ds nkSjku iquxZfBr [kkrs 'kwU; 'kwU;

[k½ dqy cdk;k 'kwU; 'kwU;

[k½ csph xbZa xSj&fu"ikfnr foÙkh; vkfLr;ksa dk fooj.k ¼#- djksM+ esa½

fooj.k 2015&16 2014&151- csps x, [kkrksa dh la[k;k 'kwU; 'kwU;2- dqy cdk;k 'kwU; 'kwU;3- çkIr dqy çfrQy 'kwU; 'kwU;

5-6 ekud vkfLr;ksa ij çko/kku ¼#- djksM+ esa½

ensa 2015&16 2014&15ekud vkfLr;ksa ij çko/kku 466.25 496.03

vafdr ewY; esa ºkzl gsrq çko/kku iquxZfBr ekud vfxze 94.43 134.22

6- dkjksckj vuqikr ¼#- djksM+ esa½

ensa 2015&16 2014&15¼i½ vkSlr dk;Z'khy fuf/k;ksa dk C;kt vk; esa çfr'kr 8.91% 9.20%

¼ii½ vkSlr dk;Z'khy fuf/k;ksa dk xSj C;kt vk; esa çfr'kr 0.49% 0.46%

¼iii½ vkSlr dk;Z'khy fuf/k;ksa dk ifjpkyu ykHk esa çfr'kr 1.29% 0.83%

¼iv½ vkfLr;ksa ls vk; 0.34% 0.13%

¼v½ çfr deZpkjh ¼:i;s djksM+ esa½ dkjksckj ¼tekjkf'k;k¡+vfxze½ 16.20 15.95

¼vi½ çfr deZpkjh ykHk ¼:i, djksM+ esa½ 0.04 0.01

Punjab & Sind Bank


5.4 Details of Financial Assets sold to Securitization / Reconstruction Companies for Asset Reconstruction(Rupees in crore)

Item 2015-16 2014-15(i) Number of Accounts Nil Nil(ii) Aggregate Value (net of provisions) of accounts sold to SC/RC Nil Nil(iii) Aggregate consideration Nil Nil(iv) Additional consideration realized in respect of accounts transferred in earlier years Nil Nil(v) Aggregate gain/ loss over net book value Nil Nil

5.5 Details of non-performing financial assets purchased / sold: A. Details of non-performing financial assets purchased:

(Rupees in crore)

Particulars 2015-16 2014-151. (a) No. of accounts purchased during the year Nil Nil

(b) Aggregate outstanding Nil Nil2. (a) Of these, number of accounts restructured during the year Nil Nil

(b) Aggregate outstanding Nil Nil

B. Details of non-performing financial assets sold:(Rupees in crore)

Particulars 2015-16 2014-151. No. of accounts sold Nil Nil2. Aggregate outstanding Nil Nil3. Aggregate consideration received Nil Nil

5.6 Provisions on Standard Assets(Rupees in crore)

Item 2015-16 2014-15Provisions towards Standard Assets 466.25 496.03Provision for Diminution in FV Restructured Standard Advances 94.43 134.22

6. Business Ratios

Items 2015-16 2014-15(i) Interest Income as a percentage to average working funds 8.91% 9.20%(ii) Non-Interest Income as a percentage to average working funds 0.49% 0.46%(iii) Operating Profit as a percentage to average working funds 1.29% 0.83%(iv) Return on Assets 0.34% 0.13%(v) Business [Deposits plus Advances] per employee (Rs. in crore) 16.20 15.95(vi) Profit per employee (Rs. in crore) 0.04 0.01

iatkc ,.M fla/ cSad


7- vkfLr ns;rk çca/ku

31-03-2016 dks vkfLr;ksa vkSj ns;rkvksa dk ifjiDork Lo:i% ¼#- djksM+ esa½

ifjiDork Lo:i ¼le;kof/k½

tekjkf'k;ka _.k rFkk vfxze

fuos'k m/kkj fons'kh eqækns;rk,a vkfLr;k¡

1 fnu 1002.90 1698.78 0.00 29.88 267.87

2&7 fnu 1161.27 1265.66 254.80 795.00 1.06 6.84

8&14 fnu 1180.72 1593.27 275.03 0.00 16.40 16.45

15&28 fnu 1031.52 914.42 - 0.00 4.40 43.24

29 fnu ls 3 ekg rd 15756.04 12542.08 10 700.00 27.18 138.87

3 ekg ls vf/kd o 6 ekg rd 9519.19 2593.51 199.03 0.00 35.51 74.36

6 ekg ls vf/kd o 1 o"kZ rd 29342.12 4098.27 500.95 0.00 62.87 0.00

1 o"kZ ls vf/kd o 3 o"kZ rd 16263.86 15535.05 4488.73 19.00 94.80 0.00

3 o"kZ ls vf/kd o 5 o"kZ rd 8632.35 12165.50 2783.47 0.00 146.32 196.79

5 o"kZ ls vf/kd 7359.99 11509.54 19133.04 0.00 - -

dqy 91249.97 63916.07 27645.05 1514.00 418.42 744.42

8- _.k tksf[ke

8-1 okLrfod laink {ks= dks _.k tksf[ke ¼#- djksM+ esa½

Js.kh 31-03-2016 31-03-20151- çR;{k tksf[ke

d½ fjgk;'kh ca/kdi- ,slh laifÙk;k¡ ftu ij _.kh dk dCtk gS ;k fdjk;s ij nh xbZ gS] dks fn;k x;k _.k

ca/kd }kjk iw.kZr% lqjf{kr gSA 4054.43 3540.46

ii- O;fäxr vkokl _.k tks fd çkFkfedrk {ks= vfxze esa lfEefyr djus ;ksX; gSa 3303.84 2669.77

[k½ O;kolkf;d okLrfod lainki½ O;kolkf;d okLrfod laink ij ca/kd }kjk lqjf{kr _.k ¼dk;kZy;] Hkou] cgq&vk;keh

O;kikfjd ifjlj] cgq ifjokj vkoklh; Hkou] O;kolkf;d ifjlj tgk¡ cgqr ls fdjk;snkj jgrs gksa] vkS|ksfxd laLFkku ;k ekyxksnke LFkku] gksVy] Hkwfe vf/kxzg.k] fodkl rFkk fuekZ.k vkfn½ ,slh _.k lhekvksa esa xSj&fuf/k vk/kkfjr ¼,u-,Q-ch½ds _.k Hkh 'kkfey gSaA

3441.81 3389.27

x½ ca/kd çfrHkwfr;ksa esa fofu;ksx ¼,e-ch-,l½ vkSj vU; tekurh _.k 'kwU; 'kwU;d- fjgk;'kh 'kwU; 'kwU;[k- O;kolkf;d&okLrfod laink 'kwU; 'kwU;

2- vçR;{k _.k ¿jk"Vªh; vkokl ¼,u-,p-ch-½ vkSj vkokl foÙk ca/kd ¼,p-,Q-lh-½ dks fuf/k ,oa xSj&fuf/k vk/kkfjr _.kÀ

5378.66* 3920.31

okLrfod laink {ks= esa dqy _.k Hkkxhnkjh 12874.91 10850.04

*,u,pch rFkk gkmflax Qkbukal daifu;ksa esa fd, x, #- 541-64 djksM+ ds fuos'k 'kkfey gSaA

Punjab & Sind Bank


7. Asset Liability Management

Maturity Pattern of Assets and Liabilities as on 31.03.2016: (Rupees in crore)Maturity Pattern(Time Buckets)

Deposits Loans &Advances

Investments Borrowings Foreign Currency

Liabilities Assets1 day 1002.90 1698.78 0.00 29.88 267.87

2 – 7 days 1161.27 1265.66 254.80 795.00 1.06 6.84

8 – 14 days 1180.72 1593.27 275.03 0.00 16.40 16.45

15 - 28 days 1031.52 914.42 - 0.00 4.40 43.24

29 days to 3 months 15756.04 12542.08 10 700.00 27.18 138.87

Over 3 months & up to 6 months 9519.19 2593.51 199.03 0.00 35.51 74.36

Over 6 months & up to 1 year 29342.12 4098.27 500.95 0.00 62.87 0.00

Over 1 year & up to 3 years 16263.86 15535.05 4488.73 19.00 94.80 0.00

Over 3 years & up to 5 years 8632.35 12165.50 2783.47 0.00 146.32 196.79

Over 5 years 7359.99 11509.54 19133.04 0.00 - -

Total 91249.96 63916.08 27645.05 1514.00 418.42 744.42

8. Exposures :8.1 Exposure to Real Estate Sector (Rupees in crore)

Category 31.03.2016 31.03.2015

1) Direct Exposure

(a) Residential Mortgages

i. Lending fully secured by mortgages of residential property that is or will be occupied by the borrower or that is rented

4054.43 3540.46

ii. Individual housing loans eligible for inclusion in priority sector advances 3303.84 2669.77

(b) Commercial Real Estate

Lending secured by mortgages of commercial real estates (office buildings, retail space, multipurpose commercial premises, multifamily residential buildings, multi tenanted commercial premises, industrial or warehouse space, hotels, land acquisition, development and construction, etc) Exposure would also include non fund based (NFB) limits;

3441.81 3389.27

(c) Investments in Mortgage Backed Securities (MBS) and other securitized exposures

NIL NIL

a. Residential NIL NIL

b. Commercial Real Estate NIL Nil

2) Indirect Exposure [Fund based and Non-fund based exposures on National Housing Bank (NHB) and Housing Finance Companies (HFCs)]

5378.66* 3920.31

Total Exposure to Real Estate Sector 12874.90 10850.04

* includes Rs.541.64 crore by way of Investment in NHB & Housing Finance Companies.

iatkc ,.M fla/ cSad


8-2 iw¡th cktkj esa _.k Hkkxhnkjh ¼,Dlikstj½ ¼#- djksM+ esa½

ensa 31-03-2016 31-03-20151- bfDoVh 'ks;jksa] ifjorZuh; ck.M] ifjorZuh; _.k i=ksa rFkk bfDoVh mUeq[k E;qpqvy Q.Mksa ds

;wfuVksa esa fuos'k ftudk iw.kZ :i ls dEiuh _.kksa esa fofu;ksx ugha fd;k x;k 94-77 118-10

2- lkekU; va'kksa ¼vkbZ-ih-vks-@bZ-,l-vks-ih-,l½ ifjorZuh; ckaMl] ifjorZuh; _.ki=ksa rFkk bfDoVh mUeq[k E;wpqvy QaMksa esa fofu;ksx ds fy, va'[email protected]@_.k i=ksa ;k vU; çfrHkwfr;ksa ds ,ot esa ,dy Lokfe;ksa dks fn, x, vfxze

'kwU; 'kwU;

3- fdlh vU; mís'; gsrq fn;k x;k vfxze tgk¡ va'kksa ;k ifjorZuh; va'kksa ;k ifjorZuh; _.k&i=ksa ;k bfDoVh mUeq[k E;qpqvy Q.Mksa dks çkFkfed çfrHkwfr ds :i esa fy;k x;k gS

'kwU; 'kwU;

4- va'kksa dh laikf'oZd çfrHkwfr ;k ifjorZuh; ck.Mksa ;k ifjorZuh; _.k i=ksa ;k bfDoVh mUeq[k E;qpqvy Q.Mksa }kjk çR;kHkwr vU; mís';ksa gsrq fn, x, vfxze vFkkZr tgk¡ ij va'kksa @ifjorZuh; ck.Mksa@ifjorZuh; _.k&i=ksa@bfDoVh mUeq[k E;qpqvy Q.Mksa ij fn, x, vfxzeksa dks çkFkfed çfrHkwfr }kjk iw.kZ :i ls çR;kHkwr ugha fd;k x;k

'kwU; 'kwU;

5- LV‚d czksdjksa dks tekurh o xSj&tekurh vfxze rFkk LV‚d czksdjksa vkSj ekfdZV esdlZ }kjk tkjh xkjafV;ka

9-60 6-55

6- ubZ dEifu;ksa dh bfDoVh gsrq Q.M~l ,df=r djus ds fy, rFkk çorZdksa ds va'knku dks iwjk djus ds fy, tks va'[email protected]@_.k&i=ksa ;k vU; çfrHkwfr;k¡ ;k fucaZ/k vk/kkj ij daifu;ksa ds laLoh—r _.k

'kwU; 'kwU;

7- çR;kf'kr bfDoVh miyC/krk@fuxZeksa ij dEifu;ksa dks iwjd _.k 'kwU; 'kwU;8- çkFkfed va'kksa ;k ifjorZuh; ck.Mksa ;k ifjorZuh; _.k&i=ksa ;k bfDoVh mUeq[k E;qpqvy Q.Mksa

ds laca/k esa cSadksa }kjk fd, gkehnkjh ok;ns 'kwU; 'kwU;

9- ekftZu lkSnksa gsrq LV‚d czksdjksa dks fn;k x;k foÙk 'kwU; 'kwU;10- iw¡th fuf/k;ksa ij _.k tksf[ke ¼iath—r rFkk viath—r½ 8-96 5-50

iwath cktkj esa dqy _.k Hkkxhnkjh 113-33 130-15

8-3 tksf[ke Js.khokj daVªh ,Dlikstj ns'kkarj vkèkkj ij cSad }kjk fons'kh fofue; ysu&nsu ds lacaèk esa fn, x, fuoy _.k tks çR;sd ns'k ls lacafèkr gS] cSad dh dqy

vkfLr;ksa ds 1% ds vanj gSaA vr% Hkkjrh; fjt+oZ cSad ds fn'kk funsZ'kkuqlkj fdlh çdkj ds çkoèkku dh vko';drk ugÈ gSA

8-4 cSad }kjk vfrØe.k dh xbZ ,dy mèkkjh lhek ¼,lth,y½] lewg mèkkjh lhek ¼thch,y½ dk C;kSjk o"kZ 2015&16 ds nkSjku cSad us Hkkjrh; fjt+oZ cSad }kjk ,dy mèkkjh@lewg mèkkjh gsrq fuèkkZfjr foosdiw.kZ _.k lhek dk fuEu ekeyksa

ds vfrfjDr] ftu ij cksMZ dk vuqeksnu çkIr dj fy;k x;k gS] vfrØe.k ugÈ fd;k gS%

Ø-la- m/kkfj;ksa ds uke o"kZ ds nkSjku vf/kdre _.k lhek

fnukad ds vuqlkj _.k tksf[ke¼%½

31-03-2016 dks _.k lhek@ ns;rk,a

_.k tksf[ke ¼%½

'kwU;

d½ vewrZ laikf'oZd çfrHkwfr;ksa ij çfrHkwfr jfgr vfxze ¼#- djksM+ esa½

fooj.k 31-03-2016 31-03-2015vewrZ çfrHkwfr;ksa gsrq dqy vfxze tSls vf/kdkjksa] çkf/kdkj] ykbZlsalksa vkfn ij _.k Hkkj 284.87 274.82

vewrZ çfrHkwfr;ksa dh dqy vuqekfur ewY; tSls vf/kdkjksa] çkf/kdkj] ykbZlsalksa ij _.k Hkkj 284.87 274.82

Punjab & Sind Bank


8.2 Exposure to Capital Market(Rupees in crore)

Items 31.03.2016 31.03.20151. Direct investment in equity shares, convertible bonds, convertible debentures

and units of equity-oriented mutual funds the corpus of which is not exclusively invested in corporate debt;

94.77 118.10

2. Advances against shares/ bonds/ debentures or other securities or on clean basis to individuals for investment in shares (including IPOs/ ESOPs), convertible bonds, convertible debentures, and units of equity-oriented mutual funds;

NIL NIL

3. Advances for any other purposes where shares or convertible bonds or convertible debentures or units of equity oriented mutual funds are taken as primary security;

NIL NIL

4. Advances for any other purposes to the extent secured by the collateral security of shares or convertible bonds or convertible debentures or units of equity oriented mutual funds i.e. where the primary security other than shares/ convertible bonds/ convertible debentures/ units of equity oriented mutual funds does not fully cover the advances;

NIL Nil

5. Secured and unsecured advances to stockbrokers and guarantees issued on behalf of stockbrokers and market makers 9.60 6.55

6. Loans sanctioned to corporates against the security of shares/ bonds/ debentures or other securities or on clean basis for meeting promoter’s contribution to the equity of new companies in anticipation of raising resources;

NIL Nil.

7. Bridge loans to companies against expected equity flows/ issues; NIL Nil8. Underwriting commitments taken up by the banks in respect of primary issue of

shares or convertible bonds or convertible debentures or units of equity oriented mutual funds;

NIL Nil

9. Financing to stockbrokers for margin trading; NIL NIL10. All exposures to Venture Capital Funds (both registered and unregistered) 8.96 5.50

Total Exposure to Capital Market 113.33 130.15

8.3 Risk Category wise Country Exposure The net country-wise funded exposure of the Bank in respect of Foreign Exchange Transactions in respect of each country is

within 1% of the total assets of the Bank. Hence, no provision is required as per RBI guidelines.

8.4 Details of Single Borrower Limit (SGL), Group Borrower Limit (GBL) exceeded by the Bank During the year 2015-16, the Bank has not exceeded the prudential exposure limits set by RBI to single borrower/ group

borrower, except in the following case, which has been approved by the Board::

Sl.No.

Name of the Borrower Maximum Limit during the year

Exposure (%) as on Limit / Liability as on 31.03.16

Exposure (%)

NIL

A. Unsecured Advances against Intangible Collaterals(Rs. in crore)

Particulars As on 31.03.2016

As on 31.03.2015

Total Advances against intangible securities such as charge over the rights, licenses, authority etc. 284.87 274.82Estimated Value of intangible collateral such as charge over the rights, licenses, authority etc. 284.87 274.82

iatkc ,.M fla/ cSad


[k½ çfrHkwfr çkfIr;ksa esa fuos'k ds cgh ewY; dk fooj.k ¼#- djksM+ esa½

fooj.k 31-03-2016 31-03-2015d- cSad }kjk vutZd [kkrksa esa csph xÃ varÆufgr çfrHkwfr;ka 0-00001 0-00001[k- vU; cSadksa@foÙkh; laxBuksa@ xSj cSaÇdx foÙkh; daifu;ksa }kjk vutZd [kkrksa esa csph

xÃ varÆufgr çfrHkwfr;ka---- -----

dqy 0-00001 0-00001

9-1 Hkkjrh; fjt+oZ cSad }kjk tqekZus dk çdVhdj.k ¼#- djksM+ esa½

2015&16 2014&15d- o"kZ ds nkSjku cSd ij Hkkjrh; fjt+oZ cSad }kjk yxk;k tqekZuk 'kwU; 'kwU;[k- çfrdwy rF;ksa ds vk/kkj ij Hkkjrh; fjt+oZ cSad }kjk fn, x, funsZ'k ;k çfrdwy fVIif.k;k¡ 'kwU; 'kwU;

9-2 cSads';ksjsalksa O;kikj ds laca/k çkIr 'kqYd@ikfjJfed dk çdVhdj.k ¼#- djksM+ esa½

2015&16 2014&15d- thou chek O;kikj ls çkIr 'kqYd@ikfjJfed 1-21 0-99[k- lk/kkj.k chek O;kikj ls çkIr 'kqYd@ikfjJfed 'kwU; 'kwU;x- ;w-Vh-vkbZ-E;wpqvy QaM O;kikj 0-15 'kwU;

10- ekud ys[kkadu vuqlkj çdVhdj.k ¼,,l½

10-1 ,,l&5 vof/k ds fy, fuoy ykHk&gkfu] iwoZ vof/k ensa rFkk ys[kkadu uhfr;ksa esa ifjorZu

10-1-1 ykHk&gkfu [kkrs esa iwoZ vof/k dh dksbZ ensa 'kkfey ugha gS ftUgsa Hkkjrh; fjt+oZ cSad ds fn'kk&funsZ'kksa ds vuqlkj ,,l&5 esa crk;k tkuk gks] flok; muds ftUgsa fVIif.k;ksa esa dgha vkSj n'kkZ;k x;k gSA

10-2 ,,l &6 ewY;ºkzl ys[kkadu

çR;sd Js.kh dh vkfLr;ksa ds fy, dqy ewY;ºkzl dk czsd&vi ¼#- djksM+ esa½

vkfLr;ksa dh Js.kh 2015&16 2014&15ifjlj 40.89 42.09

vU; LFkkbZ vkfLr;k¡ 21.75 50.15

dqy 62.64 92.24

10-3 ,,l&9 jktLo ekU;rk

10-3-1 vk; dh dqN enksa dks egRoiw.kZ ys[kkadu uhfr& vuqlwph&17 dh en la[k;k 8 ¼jktLo ekU;rk½esa çdV enksa dks olwyh ds vk/kkj ij ekU;rk nh xbZ gSA fQj Hkh Hkkjrh; fjt+oZ cSad ds funsZ'kkuqlkj bl vk; dks vkfFkZd u ekuk tk,A

10-4 ,,l 15 & deZpkjh ykHk

10-4-1isa'ku] xzsP;qVh] Nqêh udnhdj.k rFkk vU; nh?kkZofèk ykHk gsrq çkoèkkuksa dks vkÃ-lh-,-vkÃ }kjk tkjh la'kksfèkr ys[kk ekud ¼,-,,l&15½ ds vkèkkj ij fd;k x;k gSA

10-4-2 ykHk&gkfu [kkrs rFkk rqyu i= esa ekU;rk çkIr fu;kstuksÙkj ykHkksa dh laf{kIr fLFkfr fuEukuqlkj gS%

Punjab & Sind Bank


B. Details of Book Value of Investments in Security Receipts(Rs. in crore)

Item 31.03.2016 31.03.2015(i) Backed by NPAs sold by the bank as underlying 0.00001 0.00001(ii) Backed by NPAs sold by other banks/financial institutions/non banking financial

companies as underlying- -

Total 0.00001 0.00001

9.1 Disclosure of Penalties imposed by Reserve Bank of India(Rs. in crore)

2015-16 2014-15A. Penalty imposed by RBI on Bank Nil NilB. Strictures or Directions by RBI on the basis of adverse findings Nil Nil

9.2 Disclosure of Fees/ Remuneration Received in respect of Bancassurance Business(Rs. in crore)

2015-16 2014-15A. Fee/ Remuneration from Life Insurance Business 1.21 0.99B. Fee/ Remuneration from General Insurance Business NIL NilC. UTI Mutual Fund Business 0.15 NIL

10 Disclosure as per Accounting Standard (AS) 10.1 AS-5 Net Profit or Loss for the period, prior period items and changes in accounting policies10.1.1There are no material prior period items included in Profit & Loss Account required to be disclosed as per AS-5 read with

RBI guidelines except those disclosed elsewhere in the notes.10.2 AS-6 Depreciation Accounting Break-up of total depreciation for each class of assets (Rs. In crore)

Class of Assets 2015-16 2014-15Premises 40.89 42.09Other Fixed Assets 21.75 50.15Total 62.64 92.24

10.3 AS-9 Revenue Recognition

10.3.1 Certain items of income are recognized on realization basis as disclosed at point no. 8 – “Revenue Recognition” of Schedule 17 – Significant Accounting Policies. However, in terms of RBI guidelines, the said income is not considered to be material.

10.4 AS15 - Employees Benefit

10.4.1 Provisions for Pension, Gratuity, Leave Encashment and Other long term benefits have been made in accordance with the Revised Accounting Standard (AS - 15) issued by the ICAI.

10.4.2 The summarized position of post employment benefits recognized in the Profit & Loss A/c and Balance Sheet is as under:

iatkc ,.M fla/ cSad


10-4-3 ck/;rkvksa ds orZeku ewY; esa ifjorZu ¼#- djksM+ esa½

fooj.k isa'ku ¼fuf/kd½ xzSP;qVh ¼fuf/kd½ Nqêh udnhdj.k ¼fuf/kd½

2015&16 2014&15 2015&16 2014&15 2015&16 2014&15

fu/kkZfjr ykHk ck/;rk dk 1 vçSy dks ewY; 2537.12 2493.33 240.28 284.19 144.73 165.71

C;kt ykxr 190.03 190.79 16.17 19.04 9.44 11.53

orZeku lsok ykxr 205.27 199.80 13.20 10.78 13.75 25.48

çnÙk ykHk (323.64) (216.80) (76.45) (92.35) (53.40) (43.38)

ck/;rk ij chekafdd gkfu@¼ykHk½ 119.14 (130.00) 39.39 18.62 2.88 (14.61)

fu/kkZfjr ykHk ck/;rk dk 31 ekpZ dks ewY; 2727.92 2537.12 232.58 240.28 117.40 144.73

10-4-4 ;kstukxr vkfLr;ksa ds orZeku ewY; esa ifjorZu ¼#- djksM+ esa½

fooj.k isa'ku ¼fuf/kd½ xzSP;qVh ¼fuf/kd½ vodk'k udnhdj.k ¼fuf/kd½

2015&16 2014&15 2015&16 2014&15 2015&16 2014&15

;kstukxr vkfLr;ksa dk 1 vçSy dks ewY; 2517.42 2313.19 237.39 294.08 144.04 171.77

;kstukxr vkfLr;ksa ls visf{kr çfrykHk 224.05 205.87 21.13 26.17 12.96 17.18

fu;ksäk va'knku 166.44 212.29 17.89 13.29 13.19 'kwU;

?kVk,a çnÙk ykHk (323.64) (216.80) (76.45) (92.35) (53.40) (43.38)

chekafdd ¼gkfu½@ykHk (3.55) 2.87 (2.13) (3.80) 0.18 (1.53)

;kstukxr vkfLr;ksa dk 31 ekpZ dks mfpr ewY; 2580.72 2517.42 197.83 237.39 116.97 144.04

;kstukxr vkfLr;ksa ij okLrfod çfrykHk 220.50 208.74 19.00 22.37 13.14 15.65

10-4-5 'kq) chekafdd gkfu @¼ykHk½ ¼#- djksM+ esa½

fooj.k iS'ku ¼fuf/kd½ xzsP;qVh ¼fuf/kd½ vodk'k udnh ¼fuf/kd½

2015&16 2014&15 2015&16 2014&15 2015&16 2014&15

ewY;kafdd gkfu@¼ykHk½ nkf;Ro ¼,½ 119.14 (130.00) 39.39 18.62 2.89 (14.61)

Iyku vkfLr;ksa ij ¼ch½ ewY;kafdd gkfu@¼ykHk½ 3.55 (2.87) 2.13 3.80 (0.17) 1.53

'kq) ewY;kafdd gkfu@¼ykHk½ 122.69 (132.87) 41.52 22.42 2.72 (13.08)

vof/k ds nkSjku igpku dh xbZ gkfu@¼ykHk½ 122.69 (132.87) 41.52 22.42 2.72 (13.08)

o"kZ ds var esa fcuk igpku okyh ewY;kafdd gkfu@¼ykHk½

'kwU; 'kwU; 'kwU; 'kwU; 'kwU; 'kwU;

Punjab & Sind Bank


10.4.3 Changes in the Present value of the Obligation (Rs. in crore)

Particulars Pension (Funded) Gratuity (Funded) Leave Encashment(funded)

2015-16 2014-15 2015-16 2014-15 2015-16 2014-15Present Value of defined benefit obligation as at 1st April

2537.12 2493.33 240.28 284.19 144.73 165.71

Interest cost 190.03 190.79 16.17 19.04 9.44 11.53Current service cost 205.27 199.80 13.20 10.78 13.75 25.48Benefits paid (323.64) (216.80) (76.45) (92.35) (53.40) (43.38)Actuarial loss/ (gain) on obligations 119.14 (130.00) 39.39 18.62 2.88 (14.61)Present value of defined Benefit obligation at 31st March

2727.92 2537.12 232.58 240.28 117.40 144.73

10.4.4 Changes in the Present Value of Plan Assets (Rs. in crore)


2015-16 2014-15 2015-16 2014-15 2015-16 2014-15Fair value of Plan Assets as at 1st April 2517.42 2313.19 237.39 294.08 144.04 171.77Expected return of Plan Assets 224.05 205.87 21.13 26.17 12.96 17.18Employer contribution 166.44 212.29 17.89 13.29 13.19 NilBenefits paid (323.64) (216.80) (76.45) (92.35) (53.40) (43.38)Actuarial (loss)/ gain (3.55) 2.87 (2.13) (3.80) 0.18 (1.53)Fair value of Plan Assets as at 31st March 2580.72 2517.42 197.83 237.39 116.97 144.04Actual return on Plan Assets 220.50 208.74 19.00 22.37 13.14 15.65

10.4.5 Net Actuarial Loss/ (Gain) (Rs. in crore)


2015-16 2014-15 2015-16 2014-15 2015-16 2014-15Actuarial loss/(gain) on Obligation. (A) 119.14 (130.00) 39.39 18.62 2.89 (14.61)Actuarial loss/(gain) on Plan Assets (B) 3.55 (2.87) 2.13 3.80 (0.17) 1.53Net Actuarial loss/(gain) 122.69 (132.87) 41.52 22.42 2.72 (13.08)Actuarial loss/(gain) recognized in the period 122.69 (132.87) 41.52 22.42 2.72 (13.08)Unrecognized actuarial loss/ (Gain) at the end of the year

Nil Nil Nil Nil Nil Nil

iatkc ,.M fla/ cSad


10-4-6 rqyu&i= esa igpkuh xbZ jkf'k ¼#- djksM+ esa½

fooj.k isa'ku ¼fuf/kd½ xzsP;qVh ¼fuf/kd½ vodk'k udnh ¼fuf/kd½

2015&16 2014&15 2015&16 2014&15 2015&16 2014&15

31 ekpZ dks ifjHkkf"kr ykHk ns;rk dk orZeku ewY;

2727-92 2537-12 232-58 240-28 117-40 144-73

?kVk,a % 31 ekpZ dks Iyku vkfLr;ksa dk mfpr ewY;

2580-72 2517-42 197-83 237-39 116-97 144-04

rqyu i= esa igpku dh xÃ xSj fufèk 'kq) vkfLr@ns;rk

¼147-20½ ¼19-70½ ¼34-75½ ¼2-89½ ¼0-43½ ¼0-69½

fd, x, mPp çkoèkku 'kwU; 'kwU; 'kwU; 'kwU; ¼0-57½ 'kwU;

rqyu i= esa igpku dh xÃ xSj fufèk 'kq) vkfLr@ns;rk

¼147-20½ ¼19-70½ ¼34-75½ ¼2-89½ ¼1-00½ ¼0-69½

10-4-7 ykHk rFkk gkfu [kkrs esa O;;ksa dh igpku ¼#- djksM+ esa½


2015&16 2014&15 2015&16 2014&15 2015&16 2014&15

pkyw lsok ykxr 205.27 199.80 13.20 10.78 13.74 25.48

C;kt ykxr 190.03 190.79 16.16 19.04 9.44 11.53

Iyku vkfLr;ksa ij vuqekfur fjVuZ (224.05) (205.87) (21.13) (26.17) (12.96) (17.18)

o"kZ ds nkSjku 'kq) ewY;kafdr ¼ykHk½@gkfu 122.69 (132.87) 41.52 22.42 2.70 (13.08)

'kq) ¼ykHk½ O;; 293.94 51.85 49.75 26.07 12.93 6.75

10-4-8 rqyu&i= esa igpkuh xbZ ns;rkvksa esa mrkj&p<+ko ¼#- djksM+ esa½


2015&16 2014&15 2015&16 2014&15 2015&16 2014&15

çkjafHkd 'kq) ns;rk@ vkfLr;k¡ 19-70 180-14 2-89 ¼9-89½ 0-69 ¼6-06½

'kq) ykHk O;; 293-94 51-85 49-75 26-07 12-93 6-75

?kVk,a –fn;k x;k va'k 166-64 212-29 17-89 13-29 13-19 'kwU;

vfUre ns;rk@vkfLr;k¡ 147-20 19-70 34-75 2-89 0-43 0-69

tksM+sa& fd, x, mPp oèkku 'kwU; 'kwU; 'kwU; 'kwU; 0-57 'kwU;

vfUre ns;rk@vkfLr;ka 147-20 19-70 34-75 2-89 1-00 0-69

Punjab & Sind Bank


10.4.6 Amount recognized in the Balance Sheet (Rs. in crore)


2015-16 2014-15 2015-16 2014-15 2015-16 2014-15

Present value of defined benefit obligation as at 31st March

2727.92 2537.12 232.58 240.28 117.40 144.73

Less:Fair value of Plan Assets as at 31st March

2580.72 2517.42 197.83 237.39 116.97 144.04

Unfunded net Asset / (Liability) Recognized in the balance sheet

(147.20) (19.70) (34.75) (2.89) (0.43) (0.69)

Higher Provisioning kept Nil Nil Nil Nil (0.57) Nil

Unfunded net Asset / (Liability) Recognized in the balance sheet

(147.20) (19.70) (34.75) (2.89) (1.00) (0.69)

10.4.7 Expenses recognized in the Profit & Loss Account (Rs. in crore)


2015-16 2014-15 2015-16 2014-15 2015-16 2014-15

Current service cost 205.27 199.80 13.20 10.78 13.74 25.48

Interest cost 190.03 190.79 16.16 19.04 9.44 11.53

Expected return on plan assets (224.05) (205.87) (21.13) (26.17) (12.96) (17.18)

Net Actuarial (gain)/ loss recognized during the year

122.69 (132.87) 41.52 22.42 2.70 (13.08)

Net (benefit)/ expense 293.94 51.85 49.75 26.07 12.93 6.75

10.4.8 Movements in the liability recognized in the Balance Sheet (Rs. in crore)


2015-16 2014-15 2015-16 2014-15 2015-16 2014-15

Opening net Liability/(Asset) 19.70 180.14 2.89 (9.89) 0.69 (6.06)

Net benefit expense 293.94 51.85 49.75 26.07 12.93 6.75

Less: Contribution paid 166.44 212.29 17.89 13.29 13.19 Nil

Closing liability/(Asset) 147.20 19.70 34.75 2.89 0.43 0.69

Add: Higher Provisioning Kept Nil Nil Nil Nil 0.57 Nil

Closing liability/(Asset) 147.20 19.70 34.75 2.89 1.00 0.69

iatkc ,.M fla/ cSad


10-4-9 U;kl }kjk j[ks tkus okyk fuos'k çfr'kr ¼çfr'kr esa½


2015&16 2014&15 2015&16 2014&15 2015&16 2014&15dsUæh; ljdkj dh çfrHkwfr;k¡ 14-82 15-90 3-08 3-10 'kwU; 'kwU;jkT; ljdkj dh çfrHkwfr;k¡ 37-41 40-80 &&& &&& 'kwU; 'kwU;mPp Lrjh; dksjiksjsV c‚aMl 36-91 33-90 38-37 45-05 'kwU; 'kwU;fo'ks"k tek ;kstuk,a &&& &&& && &&& 'kwU; 'kwU;vU; fuos'k 10-86 9-40 58-55 51-85 100 100

10-4-10 rqyu&i= dh frfFk dks ewy chekafdd ewY;kadu ¼çfr'kr esa½


2015&16 2014&15 2015&16 2014&15 2015&16 2014&15cêk nj 8-00 8-00 8-00 8-00 8-00 8-00Iyku vkfLr;ksa ij vuqekfur ykHk nj 8-90 8-90 8-90 8-90 9-00 10-00osru esa o`f) dh nj 5-00 5-00 5-00 5-00 5-00 5-00vuq'k; nj 1-00 1-00 1-00 1-00 1-00 1-00ç;ksx esa ykÃ xÃ ç.kkyh ih;wlh ih;wlh ih;wlh ih;wlh ih;wlh ih;wlh

10-4-11 chekafdd ewY;kadu dk vk/kkj

fooj.k ewY;kadu dk vk/kkjcêk nj ns;rk ds vuqekfur vk/kkj ij ljdkjh ckaMksa dh 'krksaZ ds vuq:i rqyu&i= dh frfFk ij cktkj ds vuq#i

ykHk ds lanHkZ esa cêk nj dk fu/kkZj.k fd;k x;k gSAIyku vkfLr;ksa ij vuqekfur nj

lacaf/kr ns;rk dh iw.kZ vof/k gsrq vof/k ds çkjaHk ds le; ij Iyku vkfLr;ksa ij vuqekfur ykHk cktkj vuqekuksa ij vk/kkfjr gSA

osru esa o`f) dh nj chekafdd ewY;kadu esa Hkfo"; esa osru o`f) dks /;ku esa j[kk x;k rFkk eqæk çlkj] ofj"Brk] çksfUur rFkk vU; lacaf/kr ?kVdksa tSls Jfed cktkj esa ekWax rFkk vkiwfrZ ij fopkj fd;k x;k gSA

vuq'k; nj vuq'k; nj dk fu/kkZj.k iwoZ rFkk vuqekfur Hkfo"; ds vuqHko ds vuqlkj fu/kkZfjr fd;k x;k gS rFkk e`R;q dks NksM+dj blesa leLr çdkj ds vkgj.k lfEefyr gS ysfdu blesa viaxrk dkjd Hkh 'kkfey gSA

10-4-12 vU; nh?kZ vof/k okys deZpkjh ykHk ¼xSj fuf/kd½ ¼#- djksM+ esa½

fooj.k ,yVhlh@,y,Qlh udnhdj.k *

flYoj tqcyh cksul esfMdy ykHk * lsok fuo`fÙk migkj

2015&16 2014&15 2015&16 2014&15 2015&16 2014&15 2015&16 2014&15ns;rk dk orZeku ewY; 8-69 7-96 0-88 0-97 0-60 0-51 2-01 2-04ikjxeu ns;rk 'kwU; 'kwU; 'kwU; 'kwU; 'kwU; 'kwU; 'kwU; 'kwU;o"kZ ds nkSjku igpkuh xÃ ikjxeu ns;rk

'kwU; 'kwU; 'kwU; 'kwU; 'kwU; 'kwU; 'kwU; 'kwU;

igpku u dh xÃ ikjxeu ns;rk 'kwU; 'kwU; 'kwU; 'kwU; 'kwU; 'kwU; 'kwU; 'kwU;fd, x, mPp çkoèkku 'kwU; 'kwU; 0-09 'kwU; 'kwU; 'kwU; 'kwU; 'kwU;rqyu&i= esa igpkuh xÃ ns;rk 8-69 7-96 0-97 0-97 0-60 0-51 2-01 2-04

* izca/ku }kjk fu/kkZfjr

Punjab & Sind Bank


10.4.9 Investment percentage maintained by the trust (in % age)


2015-16 2014-15 2015-16 2014-15 2015-16 2014-15Central Government Securities 14.82 15.90 3.08 3.10 Nil NilState Government Securities 37.41 40.80 --- ---- Nil NilHigh Safety Bonds/TDRs 36.91 33.90 38.37 45.05 Nil NilSpecial Deposit Scheme --- --- --- Nil NilOther investments 10.86 9.40 58.55 51.85 100 100

10.4.10 Principal Actuarial assumptions at the Balance Sheet date (in % age)


2015-16 2014-15 2015-16 2014-15 2015-16 2014-15Discount rate 8.00 8.00 8.00 8.00 8.00 8.00Expected rate of return on plan assets 8.90 8.90 8.90 8.90 9.00 10.00Rate of escalation in salary 5.00 5.00 5.00 5.00 5.00 5.00Attrition rate 1.00 1.00 1.00 1.00 1.00 1.00Method used PUC PUC PUC PUC PUC PUC

10.4.11 Basis of Actuarial Assumptions consideredParticulars Basis of assumption

Discount rate Discount rate has been determined by reference to market yield on the balance sheet date on Government Bonds of term consistent with estimated term of the obligation.

Expected rate of return on plan assets

The expected return on Plan assets is based on market expectation, at the beginning of the period, for returns over the entire life of the related obligation.

Rate of escalation in salary

The estimates of future salary increases considered in actuarial valuation take account of inflation, seniority, promotion, and other relevant factor, such as supply and demand in employee market.

Attrition rate Attrition rate has been determined by reference to past and expected future experience and includes all type of withdrawals other than death but including those due to disability.

10.4.12 Other long term employee benefit (Non funded) (Rs. in crore)

Particulars LTC/LFCEncashment *

Silver jubilee Bonus Medical Benefits *

Retirement Gifts

2015-16 2014-15 2015-16 2014-15 2015-16 2014-15 2014-15 2013-14Present Value of Obligation 8.69 7.96 0.88 0.97 0.60 0.51 2.01 2.04Transitional Liability NIL NIL NIL NIL NIL NIL NIL NILTransitional liability recognized during the year

NIL NIL NIL NIL NIL NIL NIL NIL

Unrecognized transitional liability NIL NIL NIL NIL NIL NIL NIL NILHigher Provisioning kept NIL NIL 0.09 NIL NIL NIL NIL NILLiability recognized in the Balance Sheet

8.69 7.96 0.97 0.97 0.60 0.51 2.01 2.04

* As assessed by the management

iatkc ,.M fla/ cSad


10-5 ys[kkekud & 17 & [kaM fjiksfVZx

Hkkx d% O;kikj [kaM ¼#- yk[kksa esa½

fooj.k 31-03-2016 dks lekIr o"kZ ¼ys[kk ijhf{kr½

31-03-2015dks lekIr o"kZ ¼ys[kk ijhf{kr½

1- [k.M jktLod- jktdks"k 203663 214251[k- dkiksZjsV@lexz cSafdax 507528 478562x- QqVdj cSafdax 210955 208818?k- vU; cSafdax ifjpkyu 136 99dqy 922282 901730

2- [kaM ifj.kke d- jktdks"k 28167 13741[k dkiksZjsV@lexz cSafdax 91298 70210x- QqVdj cSafdax 37948 30636?k- vU; cSafdax ifjpkyu 136 99dqy 157549 114686

3- xSj&vkcafVr O;; 30560 371414- ifjpkyu ykHk 126989 775455- çko/kku o vkdfLed ns;rk,a 77149 627336- vk;dj 16243 26777- fo'ks"k ykHk@gkfu 0 08- 'kq) ykHk 33597 12135vU; lwpuk9- [kaM vkfLr;k¡

d- jktdks"k 2810883 2449623[k dkiksZjsV@lexz cSafdax 5212326 5049831x- QqVdj cSafdax 2166510 2203462?k- vU; cSafdax ifjpkyu 0 0M- xSj&vkcafVr vkfLr;k¡ 68423 72425dqy vkfLr;k¡ 10258142 9775341

10- [kaM ns;rk,a d- jktdks"k 2657699 2323239[k dkiksZjsV@lexz cSafdax 4928270 4789296x- QqVdj cSafdax 2048442 2089779?k- vU; cSafdax ifjpkyu 0 0M- xSj&vkcafVr vkfLr;k¡ 26709 13409dqy vkfLr;k¡ 9661120 9215723

uksV% ekud ,-,l&17 rFkk Hkkjrh; fjt+oZ cSad }kjk fuèkkZfjr fn'kk&funsZ'kksa ds vuq:i [kaM fjiksÆVx ds mís'; ls cSad ds O;olk; dks pkj [kaMksa esa oxÊ—r fd;k x;k gS tksfd v- jktdks"k ifjpkyu c- dkjiksjsV@Fkksd cSaÇdx lh- QqVdj cSaÇdx Mh- vU; cSaÇdx ifjpkyu gS¡A

d‚jiksjsV@Fkksd rFkk QqVdj cSaÇdx [kaM ds lacaèk esa [kaMh; jktLo] ifj.kke] vkfLr rFkk ns;rkvksa dks bu [kaMksa esa fn, x, _.kksa ds vkèkkj ij oxÊ—r fd;k x;k gSA

tgk¡ [kaMksa ls lacafèkr vkfLr rFkk ns;rk vkcafVr dh xÃ gks rFkk tgk¡ ij ;s çR;{kr% muls lacafèkr u gks] mudk vkcaVu ;Fkk vuqikr [kaM jktLo ds vkèkkj ij fd;k x;k gSA

Punjab & Sind Bank


10.5 AS 17 – Segment Reporting Part A : Business Segment :

(Rs. in Lakhs)

Particulars Year ended 31.03.16 (Audited)

Year ended 31.03.15 (Audited)

1. Segment Revenue a) Treasury 203663 214251 b) Corporate/ Wholesale Banking 507528 478562 c) Retail Banking 210955 208818 d) Other Banking Operations 136 99 Total 922282 9017302. Segment Result a) Treasury 28167 13741 b) Corporate/ Wholesale Banking 91298 70210 c) Retail Banking 37948 30636 d) Other Banking Operations 136 99 Total 157549 1146863. Unallocated Expenses 30560 371414. Operating Profit 126989 775455. Provisions & Contingencies 77149 627336. Income Tax 16243 26777. Extra Ordinary Profit/ Loss 0 08. Net Profit 33597 12135 Other Information:9. Segment Assets a) Treasury 2810883 2449623 b) Corporate/ Wholesale Banking 5212326 5049831 c) Retail Banking 2166510 2203462 d) Other Banking Operations 0 0 e) Unallocated Assets 68423 72425 Total Assets 10258142 977534110. Segment Liabilities a) Treasury 2657699 2323239 b) Corporate/ Wholesale Banking 4928270 4789296 c) Retail Banking 2048442 2089779 d) Other Banking Operations 0 0 e) Unallocated Liabilities 26709 13409 Total Liabilities 9661120 9215723

Note: For the purpose of segment reporting in terms of AS-17 of ICAI and as prescribed in RBI guidelines, the business of the Bank has been classified into four segments i.e. a) Treasury Operations, b) Corporate/Wholesale Banking, c) Retail Banking and d) Other Banking Operations.

Segmental Revenue, Results, Assets & Liabilities in respect of Corporate / Wholesale and Retail Banking segment have been bifurcated on the basis of exposure to these segments.

Assets & Liabilities wherever directly related to segments have been accordingly allocated to segments and wherever not directly related have been allocated on the basis of pro-rata segment revenue

iatkc ,.M fla/ cSad


Hkkx [k% HkkSxksfyd [kaM

cSad dh fons'k esa dksbZ Hkh 'kk[kk ugha gS] blfy, HkkSxksfyd [kaM dh tkudkjh nsus dh vko';drk ugha gSA

10-6 ys[kk ekud 18 & lacaf/kr ikVhZ çdVhdj.keq[; çca/ku vf/kdkjh

¼1½ Jh tÇrnjchj Çlg fnukad 04-02-2014 ls vè;{k ,oa çcaèk funs'kd ¼2½ Jh eqds'k dqekj tSu fnukad 05-08-2013 ls dk;Zdkjh funs'kd¼3½ Jh vjfoUn dqekj tSu fnukad 15-12-2015 ls dk;Zdkjh funs'kd

d- çeq[k çca/ku vf/kdkfj;ksa dks fn;k x;k ikfjJfed #- yk[kksa esa

uke ,oa inuke 2015&16 2014&15Jh tÇrnjchj Çlg] vè;{k ,oa çcaèk funs'kd 20-88 20-03Jh eqds'k dqekj tSu] dk;Zdkjh funs'kd 17-87 16-61Jh vjfoUn dqekj tSu] dk;Zdkjh funs'kd 5-05 0

[k½ çeq[k çca/ku vf/kdkfj;ksa ,oa muds lacaf/k;ksa dks fn, x, _.k%

fooj.k fnukad 31-03-2016 fnukad 31-03-2015cdk;k _.k 'kwU; 'kwU;

x½ lEcfU/kr ikVhZ dk uke & lryqt xzkeh.k cSad ¼lg;ksxh½

,l&18 ds iSjk 9 esa lEcfUèkr ikVÊ ds çdVu esa] tks jkT; fu;af=r m|eksa dks vU; lEcfUèkr ikÆV;ksa] tks jkT; }kjk gh fu;af=r dh tkrh gS] ds lkFk fd, x, ysu&nsu dk çdVu djus ls NwV nsrk gSA vr% lg;ksxh cSad ds lkFk fd, x, ysu&nsu dk çdVu ugÈ fd;k x;k gSA

10-7 çfr 'ks;j vk; ¼,,l&20½ ¼#- djksM+ esa½

fooj.k 2015&16 2014&15bDoVh 'ks;j /kkjdksa gsrq dj ds ckn dqy ykHk ¼#- djksM+ esa½ 335.97 121.35

bDoVh 'ks;jksa dh Hkkfjr vkSlr la[k;k ¼djksM+ esa½ 40.04 33.80

vk/kkj ,oa de dh xbZ çfr 'ks;j vk; ¼#-½ 8.39 3.59

çfr 'ks;j vafdr ewY; ¼#-½ 10.00 10.00

10-8 ys[kk ekud 21& lesfdr foÙkh; fooj.khcSad dh dksbZ vuq"kaxh ugha gS vr% ys[kkekud 21 ykxw ugha gSA

10-9 ys[kk ekud 22 & vk; ij djksa gsrq ys[kkadu

10-9-1 cSad us vk;dj ys[kk&tks[kk esa Hkkjrh; lunh ys[kkdkj laLFkku }kjk tkjh ys[kk ekud 22] vk; ij djksa dk ys[kkadu* dk vuqikyu fd;k gSA

10-9-2 vkLFkfxr dj vfLr;ksa@ ns;rkvksa ds eq[; ?kVd fuEukuqlkj gS% ¼#- djksM+ esa½

fo"k; vkLFkfxr dj vkfLr;k¡ vkLFkfxr dj ns;rk,a31-03-2016 31-03-2015 31-03-2016 31-03-2015

1- LFkk;h vkfLr;ksa ij ewY;ºzkl 'kwU; 'kwU; 1-95 3-042- mifpr C;kt ysfdu çfrHkwfr;ksa ij ns; ugh 'kwU; 'kwU; 172-08 168-403- èkkjk 36¼1½¼viii½ ds varxZr fo'ks"k fjt+oZ 'kwU; 'kwU; 26-73 24-894- osru la'kksèku gsrq çkoèkku 'kwU; 94-91 && 'kwU;5- vxzlfjr gkfu;k¡ 'kwU; 0-00 && 'kwU;

dqy+ 'kwU; 94-91 200-76 196-33

Punjab & Sind Bank


Part B : Geographical Segment : Since the Bank does not have any overseas branch, reporting under Geographic Segment is not applicable.

10.6 AS 18 – Related Party Disclosures Key Managerial Personnel:

(i) Mr. Jatinderbir Singh Chairman and Managing Director since 04.02.2014(ii) Mr. Mukesh Kumar Jain Executive Director w.e.f. 05.08.2013(iii) Mr. Arvind Kumar Jain Executive Director w.e.f.15.12.2015

a) Remuneration Paid to Key management personnel : (Rs. in lacs)

Name and Designation 2015-16 2014-15Mr. Jatinderbir Singh, Chairman & Managing Director 20.88 20.03Mr. Mukesh Kumar Jain, Executive Director 17.87 16.61Mr. Arvind Kumar Jain, Executive Director 5.05 0

b) Loans granted to Key Managerial Personnel & their relatives:

Particulars As on 31.03.2016 As on 31.03.2015Loans outstanding NIL NIL

c) Name of Related Party - Satluj Gramin Bank (An Associate)

Para 9 of AS 18 - Related Party Disclosures exempts state controlled enterprises from making any disclosures pertaining to their transactions with other related parties which are also state controlled. Hence, the transactions with the associated bank have not been disclosed.

10.7 AS 20 - Earning Per Share (Rs. in crore)

Particulars 2015-16 2014-15Net Profit After tax available for equity Shareholders 335.97 121.35Weighted Average Number of Equity Shares in crore 40.04 33.80Basic and Diluted Earning per Share (Rs.) 8.39 3.59Nominal Value per Share (Rs.) 10.00 10.00

10.8 AS 21 – Consolidated Financial StatementThe Bank does not have any subsidiary and as such AS 21 is not applicable.

10.9 AS 22 – Accounting for Taxes on Income

10.9.1 The Bank has accounted for Income Tax in compliance with Accounting Standard-22 ‘Accounting for taxes on Income’ issued by ICAI.10.9.2 Major components of deferred tax assets/liabilities are as under:

(Rupees in crore)Head Deferred Tax Assets Deferred Tax Liabilities

31.03.2016 31.03.2015 31.03.2016 31.03.20151 Depreciation on Fixed Assets Nil Nil 1.95 3.042 Interest accrued but not due on securities Nil Nil 172.08 168.403 Special Reserve u/s 36(1)(viii) Nil Nil 26.73 24.894 Provision for wage revision Nil 94.91 - Nil5 Brought forward losses Nil 0.00 - Nil

Total Nil 94.91 200.76 196.33

iatkc ,.M fla/ cSad


10-9-3 fofèkd&dj fo'ks"kKksa dh jk; ds vkèkkj ij ys[kk vk; rFkk çfrHkwfr;ksa ds ewY; ij vk; dj dh x.kuk ds LFkk;h varj ij cSad us fopkj esa fd;k gS rFkk rnuqlkj #- 355-05 djksM+ ¼iwoZ o"kZ ds #- 379-26 djksM+½ dh jkf'k dh vkLFkfxr dj ns;rk ds fuekZ.k dks vko';d ugÈ ekuk x;kA

10-9-4 fofèkd fo'ks"kKksa dh jk; rFkk vuqdwy U;kf;d vfèk?kks"k.kkvksa dks è;ku esa j[krs gq, cSad }kjk vk;dj] ÇÝt cSfufQV dj rFkk vkLFkfxr dj ds çkoèkku dks i;kZIr ekuk x;kA

10-9-5 vihy çkfèkdkfj;ksa dh fu.kkZ;d fu.kZ; ç.kkyh rFkk dj fo'ks"kKksa dh jk; ds vuqlkj fookfnr vk;dj] C;kt dj dh dqy jkf'k #- 257-41 djksM+ ¼iwoZ o"kZ esa #- 293-19 djksM+½ dh ekax ds çkoèkku dks vko';d ugh ekuk x;k gSA

10-9-6 dj ijke'kZnkrkvksa ds vuqlkj cSad us pkyw foÙkh; o"kZ ds fy, vk;dj gsrq çkoèkku dh lax.kuk ds fy, vk;dj vfèkfu;e] 1961 dh èkkjk 36 ¼1½¼VII½ ds varxZr dVkSfr;ksa dk nkok fd;k gS tks fd #- 332-04 djksM+ ¼fiNys o"kZ #- 249-17 djksM+½ ds xSj&xzkeh.k vfxzeksa dks lek;ksftr fd, cxSj cV~ Vs [kkrs Mkyus ds lacaèk esa gSA vk;dj vfèkfu;e] 1961 dh èkkjk 36 ¼1½¼VII½ esa Li"Vhdj.k 2 36¼1½¼Viia½ ds lkFk ifBr èkkjk 36 ¼1½¼VII,½ ds vuqlkj xSj&xzkeh.k vfxzeksa dks v'kksè; _.k cV~ Vs [kkrs esa Mkyus ls lacafèkr gS] ykxw ugÈ gSA

10-10 ys[kk ekud 23& lesfdr foÙkh; foojf.k;ksa esa lgk;d laLFkkvksa esa fuos'k gsrq ys[kkadu cSad ds ikl fdlh çdkj dh vuq"kaxh ugÈ gSA vr% ,,l 23 ykxw ugÈ gSA

10-11 ys[kk ekud 26&vewrZ vkfLr;k¡ cSad esa ç;ksx fd;k tk jgk ,fIyds'ku l‚¶Vos;j cSad esa gh rS;kj fd;k x;k gS tks fd fuf'pr le;kofèk esa fodflr fd;k x;k

gSA vr% l‚¶Vos;j dh ykxr cSad ds ifjpkyu O;; dk vko';d fgLlk gS] tSls fd etnwjh vkfn rFkk ykHk&gkfu [kkrs esa lacafèkr O;; 'kh"kZ esa ys[kkafdr fd;k x;k gSA

10-12 ys[kk ekud 28& vkfLr;ksa ds vutZd gksus laca/kh ys[kkadu ys[kk ekud 28& esa ifjHkkf"kr cSad }kjk èkkfjr fLFkj vkfLr;ksa dks Þfuxfer vkfLr;k¡ ß ekuk x;k gS u fd Þudnh fuÆer bdkb;kaßA çcaèku

dh jk; ds vuqlkj 31-03-2016 rd vkÃlh,vkÃ }kjk tkjh ,,l&28 dh 'krks± ds vuqlkj lexz jkf'k esa fLFkj vutZd vkfLr;k¡ dksÃ ugÈ gSA vU; vkfLr;ksa ds vutZd gksus dh fLFkfr esa Hkkjrh; fjtoZ cSad }kjk fuèkkZfjr fo'ks"k fu;eksa ds rgr çkoèkku dj fn, x, gSaA

10-13 ys[kk ekud&29 &çko/kkuksa] vkdfLed ns;rk,a vkSj vkdfLed vkfLr;ka10-13-1 ys[kk ekud & 29 ds vuqlkj] Hkkjrh; lunh ys[kkdkj laLFkku }kjk tkjh çkoèkkuksa esa vkdfLed ns;rkvksa vkSj vkdfLed vkfLr;ksa

gsrq cSad us fuEu ds fy, dksÃ çkoèkku ugh fd;k gS%

¼d½ iwoZ ?kVukvksa }kjk mRiUu dksÃ laHkkO; ns;rk ftldk ?kfVr gksuk ;k u gksuk Hkfo"; esa gksus okyh fdlh vfuf'pr ?kVuk ij fuHkZj gS] tks iw.kZr% cSad ds fu;a=.k esa ugÈ gSA vkSj

¼[k½ fiNyh ?kVukvksa ls mRiUu dksÃ orZeku ns;rk ftldks igpkuk ugÈ x;k gS D;ksafd *;g laHko ugÈ gS fd lalkèkuksa ds cfgxZeu ls vkÆFkd ykHk ds nkf;Roksa dk fuiVku fd;k tk lds ;k

*ns;rk jkf'k dk lVhd vuqeku vkadk ugÈ tk ldk gSA ,slh ns;rkvksa dks vkdfLed ns;rkvksa ds #i esa fjdkMZ fd;k x;k gSA budk vkdyu fujarj fd;k tkrk gS vkSj ns;rkvksa ds dsoy

og Hkkx ftuesa vkÆFkd ykHk dk ifjy{k.k gksrk gS dk çkoèkku fd;k x;k gS flok; fo'ks"k ifjfLFkfr;ksa esa tgk¡ foÜoluh; vuqekuksa dh igpku ugÈ gks ldhA

foÙkh; foojf.k;ksa esa vkdfLed vkfLr;ksa dh igpku ugÈ dh xÃ gS D;ksafd ;s dHkh igpku esa u vkus okyh vk; esa ifjoÆrr gks ldrh gSaA

10-13-2 vkdfLed ns;rkvksa laca/kh çko/kkuksa esa ?kV&c<+ ¼#- djksM+ksa esa½

fooj.k çkjafHkd 'ks"k o"kZ ds nkSjku ifjo/kZu o"kZ ds nkSjku dVkSrh vFk 'ks"k2015&16 2014&15 2015&16 2014&15 2015&16 2014&15 2015&16 2014&15

ftUgksaus cSad _.k dh vfHkLoh—fr ugÈ nh gS] ds fo:) nkok

26-75 26-61 0-64 0-75 0-97 0-61 26-42 26-75

bUoksDM cSad xkjaVh 0-06 6-44 0 0 0 6-38 0-06 0-06gLrkarfjr lk[k&i= 'kwU; 'kwU; 'kwU; 'kwU;

Punjab & Sind Bank


10.9.3 Based on the opinion of tax expert, the bank has considered the difference between accounting income and computation of taxable income on valuation of securities as permanent and accordingly, deferred tax liability of Rs. 355.05 crore (Previous Year Rs.379.26 crore) has not been considered necessary.

10.9.4 Provision for Income Tax, Deferred Tax and Fringe Benefit Tax held by the Bank is considered adequate taking into account the opinion of legal experts and favorable judicial pronouncements.

10.9.5 No provision has been considered necessary in respect of disputed demands of Income Tax, Fringe Benefit Tax and Interest Tax aggregating to Rs. 257.41 crore (Previous year Rs.293.19 crore) in view of decisions of appellate authorities / judicial pronouncements / opinions of legal experts.

10.9.6 Based on the opinion of tax expert, the bank has claimed the deduction under section 36(1)(vii) of the Income Tax Act, 1961 in respect of write off of non-rural advances of Rs.332.04 crore (previous year Rs.249.17 crore) without adjusting the same with the unexhausted provision outstanding under section 36(1)(viia) of the Income Tax Act, 1961 holding that proviso read with Explanation-2 to section 36(1)(vii) is not applicable to the bad debts written off of non-rural advances.

10.10 AS 23 – Accounting for Investments in Associates in consolidated Financial Statements

The Bank does not have any subsidiary and as such AS 23 is not applicable.

10.11 AS 26 – Intangible Assets The application software in use in the Bank has been developed in house and has evolved over a period of time. Hence ,the

costs of software is essentially part of Bank’s operational expenses like wages etc. and as such are charged to the respective heads of expenditure in the Profit and Loss Account.

10.12 Accounting Standard 28 - Impairment of Assets Fixed Assets possessed by Bank are treated as ‘Corporate Assets’ and not ‘Cash Generating Units’ as defined by AS-28.

In the opinion of the Management, there is no impairment of the ‘Fixed Assets’ of material amount as of 31.03.2016, requiring recognition in terms of AS-28 issued by the ICAI. The impairment of other assets has been provided for as per Prudential Norms prescribed by the Reserve Bank of India.

10.13 Accounting Standard 29 - Provisions, Contingent Liability and Contingent Assets 10.13.1 As per AS-29 - Provisions, Contingent Liabilities and Contingent Assets, issued by the Institute of Chartered Accountants

of India, the Bank recognizes no provision for -

a) Any possible obligation that arises from past events and the existence of which will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Bank, or

b) Any present obligation from the past events but is not recognized because • It is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation; or• A reliable estimate of the amount of obligation cannot be made.

Such obligations are recorded as contingent liabilities. These are assessed continually and only that part of the obligation for which an outflow of resources embodying economic benefits is probable, is provided for, except in the extremely rare circumstances where no reliable estimate can be made.

Contingent Assets are not recognized in the financial statements since this may result in the recognition of income that may never be realized.

10.13.2 Movement of Provision against Contingent Liabilities: (Rs. in crore)

ParticularsOpening Balance

Additions during the year

Reduction during the year

Closing Balance

2015-16 2014-15 2015-16 2014-15 2015-16 2014-15 2015-16 2014-15 Claims against the Bank not acknowledged as Debt

26.75 26.61 0.64 0.75 0.97 0.61 26.42 26.75

Invoked Bank Guarantees 0.06 6.44 0 0 0 6.38 0.06 0.06L.C Devolved Nil Nil Nil Nil

10.13.3 Movement of other significant provisions has been disclosed at the appropriate places in the Notes forming part of the accounts.

iatkc ,.M fla/ cSad


10-13-3 vU; egRoiw.kZ çko/kkuksa dks ys[kksa ds uksV okys fgLls esa mi;qä LFkku ij çdV fd;k x;k gSA

11-1 vfrfjä çdVhdj.k ¼#- djksM+ksa esa½

ykHk&gkfu [kkrs ds O;; 'kh"kZ ds varxZr çko/kku vkSj vkdfLed O;;ksa dk C;kSjk 2015&16 2014&15xSj&fu"ikfnr vfxzeksa gsrq çkoèkku 807-08 436-62ekud vkfLr;ksa gsrq çkoèkku &29-78 143-25vafdr ewY;ksa esa dVkSrh gsrq çkoèkku iquxZfBr ¼ekud½ &39-79 63-62xSj&fu"ikfnr fuos'kksa gsrq çkoèkku 31-90 1-71fuos'kksa esa ewY;ºzkl gsrq çkoèkku 0-47 &14-22vU; çkoèkku 1-61 &3-65dj&fuèkkZj.k gsrq çkoèkkuorZeku dj 234-79 144-64vkLFkfxr dj 99-34 24-48laifÙk dj 0-00 0-80U;wure oSdfYid dj _.k ik=rk &171-70 &143-15vU; 0-00 0-00dqy 933-92 654-10

11-2 vLFkkbZ çko/kkuksa esa ?kV&c<+ ¼#- djksM+ksa esa½

2015&16 2014&15vFk 'ks"k 'kwU; 'kwU;o"kZ ds nkSjku ifjo/kZu 'kwU; 'kwU;o"kZ ds nkSjku vkgj.k ls fxjkoV 'kwU; 'kwU;bfr 'ks"k 'kwU; 'kwU;

11-3 vkjf{kr fuf/k ls vkgj.kiqjkuh çfof"V;ksa ds nkosnkjksa dks Hkqxrku djus ds fy, lkekU; vkjf{kr fuf/k [kkrs ls #i;s 1]04]099-13 ¼fiNyk o"kZ # 00 yk[k½ dh jkf'k dk vkgj.k fd;k x;kA

11-4 xzkgd f'kdk;rsa

2015&16 2014&15d½ o"kZ ds vkjaHk esa yafcr f'kdk;rksa dh la[;k 93 35[k½ o"kZ ds nkSjku çkIr f'kdk;rksa dh la[;k 1569 1432x½ o"kZ ds nkSjku fuiVkÃ xÃ f'kdk;rksa dh la[;k 1560 1374?k½ o"kZ ds var esa yafcr f'kdk;rksa dh la[;k 102 93

11-5 cSafdx yksdiky }kjk fu.khZr ekeys

2015&16 2014&15d½ o"kZ ds vkjaHk esa xSj&fØ;kfUor fu.kZ;ksa dh la[;k 1 2[k½ o"kZ ds nkSjku cSafdx yksdiky }kjk fu.kÊr ekeyksa dh la[;k 'kwU; 6x½ o"kZ ds nkSjku fØ;kfUor fu.kZ;ksa dh la[;k 'kwU; 7?k½ o"kZ ds var esa yafcr xSj&fØ;kfUor fu.kZ;ksa dh la[;k 1 1

Punjab & Sind Bank


11.1. Additional disclosures: (Rs. in crore)

Break up of ‘Provisions & Contingencies’ shown under the head Expenditure in Profit & Loss Account

2015-16 2014-15

Provision for Non Performing Advances 807.08 436.62Provision for Standard Assets -29.78 143.25Provision for diminution in FV Restructured (Standard) -39.79 63.62Provision for Non Performing Investments 31.90 1.71Provision for Depreciation in the value of Investments 0.47 -14.22Other Provisions 1.61 -3.65Provision for Taxation:Current Tax 234.79 144.64Deferred Tax 99.34 24.48Wealth Tax 0.00 0.80MAT Credit Entitlement -171.70 -143.15Others 0.00 0.00Total 933.92 654.10

11.2 Movement of Floating Provisions (Rs. in crore)

2015-16 2014-15Opening Balance Nil NilAdditions during the year Nil NilDraw down during the year Nil NilClosing Balance Nil Nil

11.3 Draw down from Reserve A sum of Rs. 1,04,099.13 (previous year Rs. NIL lacs ) has been drawn from the General Reserve on account of payment to

the claimant of old entries.

11.4 Customer’s Complaints: 2015-16 2014-15

a) No. of Complaints pending at the beginning of the year 93 35b) No. of Complaints received during the year 1569 1432c) No. of Complaints redressed during the year 1560 1374d) No. of Complaints pending at the end of the year 102 93

11.5 Awards Passed by the Banking Ombudsman:

2015-16 2014-15

a) No. of unimplemented Awards at the beginning of the year 1 2

b) No. of Awards passed by Banking Ombudsman during the year Nil 6

c) No. of Awards implemented during the year Nil 7

d) No. of unimplemented Awards pending at the end of the year 1 1

iatkc ,.M fla/ cSad


11-6 tekvksa] vfxzeksa] tksf[keksa ,oa ,u-ih-,- dk dsaæhdj.k11-6-1 tekvksa dk dsaæhdj.k

¼#- djksM+ksa esa½

31-03-2016 31-03-2015lcls cM+s 20 tekdrkZvksa dh dqy tek 18740-92 16798-44cSad dh dqy tek esa lcls cMs 20 tekdrkZvksa dh tek dk çfr'kr 20-54% 19-37%

11-6-2 vfxzeksa dk dsaæhdj.k¼#- djksM+ksa esa½

31-03-2016 31-03-2015lcls cM+s 20 _f.k;ksa@xzkgdksa dks dqy vfxze 13228-12 17050-49cSad ds dqy vfxze esa lcls cM+s 20 _f.k;ksa@xzkgdksa dks vfxze dk çfr'kr 20-26% 26-31%

11-6-3 tksf[keksa dk dsaæhdj.k¼#- djksM+ksa esa½

31-03-2016 31-03-2015lcls cM+s 20 _f.k;ksa@xzkgdksa ij dqy tksf[ke 14818-01 17760-38cSad ds _f.k;ksa@xzkgdksa ij dqy tksf[ke esa lcls cMs 20 _f.k;ksa@xzkgdksa ij dqy tksf[ke dk çfr'kr

18-73% 27-41%

11-6-4 ,u-ih-,- dk dsaæhdj.k¼#- djksM+ksa esa½

31-03-2016 31-03-2015lcls cM+s pkj ,u-ih-,- [kkrksa ij dqy tksf[ke 908-90 384-76

11-7 {ks=okj ,u-ih-,- ¼#- djksM+ksa esa½

Ø-

la- {ks=*

31-03-2015 31-03-2016

cdk;k dqy vfxze dqy ,uih,

ml {ks= esa dqy vfxze esa ,u-ih-,- dk

çfr'krcdk;k dqy

vfxze dqy ,uih,

ml {ks= esa dqy vfxze esa ,u-ih-,- dk

çfr'kr

d- çkFkfedrk {ks=

1- —f"k ,oa lacaf/kr xfrfof/k;k¡ 6787.37 322.53 0.50% 8790.71 429.7 2.00%

2-çkFkfedrk {ks= _.k ds :i esa ik= vkS|ksfxd {ks= dks vfxze 3236.62 439.53 0.68% 3333.72 782.36 3.63%

3- lsok {ks= 4880.47 526.59 0.81% 5029.9 623.11 2.89%

4- O;fäxr _.k 3052.84 170.01 0.26% 4375.58 225.69 1.05%

mi&;ksx ¼d½ 17957.3 1458.66 2.25% 21529.91 2060.86 3.16%

Punjab & Sind Bank


11.6 Concentration of Deposits, Advances, Exposures and NPAs 11.6.1 Concentration of Deposits

(Rupees. In crore)

31.03.2016 31.03.2015Total Deposits of twenty largest depositors 18740.92 16798.44Percentage of Deposits of twenty largest depositors to Total Deposits 20.54% 19.37%

11.6.2 Concentration of Advances(Rupees. In crore)

31.03.2016 31.03.2015Total Advances to twenty largest borrowers 13228.12 17050.49Percentage of Advances to twenty largest borrowers to Total Advances 20.26% 26.31%

11.6.3 Concentration of Exposures(Rupees. In crore)

31.03.2016 31.03.2015Total Exposure to twenty largest borrowers/ customers 14818.01 17760.38Percentage of Exposure to twenty largest borrowers/ customers to Total Exposure of the bank on borrowers/ customers

18.73% 27.41%

11.6.4 Concentration of NPAs(Rupees. In crore)

31.03.2016 31.03.2015Total Exposure to top four NPA Accounts 908.90 384.76

11.7 Sector-wise NPAs (Rupees. In crore)

Sl. No. Sector*

31.03.2015 31.03.2016

Outstanding Total

AdvancesGross NPAs

Percentage of Gross NPAs to

Total Advances in that sector

Outstanding Total

AdvancesGross NPAs

Percentage of Gross NPAs to

Total Advances in that sector

A Priority Sector

1Agriculture and allied activities 6787.37 322.53 0.50% 8790.71 429.7 2.00%

2

Advances to industries sector eligible as priority sector lending 3236.62 439.53 0.68% 3333.72 782.36 3.63%

3 Services 4880.47 526.59 0.81% 5029.9 623.11 2.89%4 Personal loans 3052.84 170.01 0.26% 4375.58 225.69 1.05% Sub-total (A) 17957.3 1458.66 2.25% 21529.91 2060.86 3.16%

iatkc ,.M fla/ cSad


[k xSj&çkFkfedrk {ks=

1 —f"k ,oa lacaf/kr xfrfof/k;k¡ 0.00 0.00 0.00 0.00 0.00 0.00%

2 m|ksx 23141.50 1187.87 1.83 19736.28 1724.5 3.94%

3 lsok {ks= 22108.78 359.69 0.55 21989.88 358 0.82%

4 O;fäxr _.k 1588.84 75.97 0.12 2021.15 85.7 0.20%

mi&;ksx ¼[k½ 46839.12 1623.53 2.51 43747.31 2168.2 3.32%

dqy ¼d+[k½ 64796.42 3082.19 4.76 65277.22 4229.06 6.48%

*cSad mä çk:i esa ml mi {ks= ds dqy vfxzeksa ls cdk;k vfxze 10% ls vfèkd gSa] dk çdVhdj.k dj ldrk gSA mnkgj.kkFkZ] ;fn [kuu {ks= dks cSad dk dqy cdk;k m|ksx {ks= ds dqy vfxze ls 10 çfr'kr ls vfèkd gS rks cSad dks m|ksx {ks= dks vfxze ds varxZr [kuu {ks= esa vyx ls mä çk:i esa çdV djuk pkfg,A

11-8 ,u-ih-,- esa mrkj&p<+ko ¼#- djksM+ksa esa½

fooj.k 31-03-2016 31-03-20151 vçSy dks ldy ,uih,- ¼vFk 'ks"k½ 3082.19 2553.52

o"kZ ds nkSjku ifjo/kZu ¼u, ,uih,-½ 1959.92 1242.42

mi&;ksx ¼d½ 5042.11 3795.94

?kVk % i½ mUUk;u 260.27 260.59

ii½ olwfy;k¡ ¼mUu;u [kkrksa ls dh xbZ olwyh ds vfrfjä½ 217.42 189.88

iii½ cês [kkrksa esa Mkyuk 335.37 263.28

mi&;ksx [k] 813.06 713.75

31 ekpZ dks ldy ,uih,-¼bfr 'ks"k½ ¼d&[k½ 4229.05 3082.19

fooj.k 31-03-2016 31-03-20151 vçSy dks rduhdh@çqMsa'ky cêk [kkrksa dk çkjafHkd 'ks"k½ 1178.30 957.09

tek % o"kZ ds nkSjku rduhdh@çqMsa'ky cêk [kkrs 335.37 263.27

mi&;ksx ¼d½ 1513.67 1220.36

?kVk % o"kZ ds nkSjku fiNys rduhdh@çqMsa'ky cêk [kkrksa ls dh xbZ olwyh ¼[k½ 42.19 42.06

31 ekpZ dks ¼bfr 'ks"k½ ¼d&[k½ 1471.48 1178.30

11-9 fons'kh vkfLr;k¡] ,u-ih-,- ,oa jktLo¼#- djksM+ksa esa½

fooj.k 31-03-2016 31-03-2015

dqy vkfLr;k¡ 231.39 259.55

dqy ,u-ih-,- 0 0

dqy jktLo 0.90 0.37

Punjab & Sind Bank


B Non Priority Sector

1Agriculture and allied activities 0.00 0.00 0.00 0.00 0.00 0.00%

2 Industry 23141.50 1187.87 1.83 19736.28 1724.5 3.94%3 Services 22108.78 359.69 0.55 21989.88 358 0.82%4 Personal loans 1588.84 75.97 0.12 2021.15 85.7 0.20% Sub-total (B) 46839.12 1623.53 2.51 43747.31 2168.2 3.32% Total (A+B) 64796.42 3082.19 4.76 65277.22 4229.06 6.48%

*Banks may also disclose in the format above, sub sectors where the outstanding advances exceeds 10 percent of the outstanding total advances to that sector. For instance, if a bank’s outstanding advances to the mining industry exceed 10 percent of the outstanding total advances to ‘Industry’ sector it should disclose details of its outstanding advances to mining separately in the format above under the ‘Industry’ sector.

11.8 Movement of NPAs (Rs. in crore)

Particulars 31.03.2016 31.03.2015Gross NPAs as on 1st April (Opening Balance) 3082.19 2553.52Additions (Fresh NPAs) during the year 1959.92 1242.42Sub-total (A) 5042.11 3795.94Less: (i) Up-gradations 260.27 260.59 (ii) Recoveries (excluding recoveries made from up-graded accounts) 217.42 189.88 (iii) Write-offs 335.37 263.28Sub-total (B) 813.06 713.75Gross NPAs as on 31st March (closing balance) (A-B) 4229.05 3082.19

Particulars 31.03.2016 31.03.2015Opening balance of Technical / Prudential written-off accounts as at April 1 1178.30 957.09Add : Technical / Prudential write-offs during the year 335.37 263.27Sub-total (A) 1513.67 1220.36Less : Recoveries made from previously technical / prudential written-off accounts during the year (B)

42.19 42.06

Closing balance as at March 31 (A-B) 1471.48 1178.30

11.9 Overseas Assets, NPAs and Revenue (Rs. in crore)

Particulars 31.03.2016 31.03.2015Total Assets 231.39 259.55Total NPAs 0 0Total Revenue 0.90 0.37

iatkc ,.M fla/ cSad


11-10 rqyu&i= ls brj çk;ksftr ,l-ih-oh- ¼#- djksM+ksa esa½

çk;ksftr ,l-ih-oh- dk uke?kjsyw fons'k

31-03-2016 31-03-2015 31-03-2016 31-03-2015'kwU; 'kwU; 'kwU; 'kwU;

11-11 varlZewg tksf[ke

Ø-la- fooj.k 31-03-2016 31-03-2015laLoh—r

_.k@fyfeV jkf'k

'ks"k cdk;k laLoh—r _.k@fyfeV

jkf'k

'ks"k cdk;k

¼d½ varlZewg tksf[ke dh dqy jkf'k 11-68 0-03 5-64 0¼[k½ 'kh"kZ 20 varlZewgksa ds tksf[ke dh dqy jkf'k 11-68 0-03 5-64 0¼x½ mèkkfj;ksa@xzkgdksa ij cSad ds dqy tksf[ke esa varlZewg

tksf[ke dk çfr'kr 0-02 0-02 0-01 0

¼?k½ varlZewg tksf[ke ij lhek Hkax dk fooj.k rFkk mu ij dh xÃ fofu;ked dkjZokÃ] ;fn dksÃ gks rks

'kwU; 'kwU; 'kwU; 'kwU;

11-12 tekdrkZ f'k{kk ,oa tkx#drk fuf/k ¼Mhb,,Q½ gsrq varj.k ¼#- djksM+ksa esa½

fooj.k 31-03-2016 31-03-2015Mhb,,Q gsrq varfjr jkf'k dk çkjafHkd 'ks"k 96-61 'kwU;tek % o"kZ ds nkSjku Mhb,,Q gsrq varfjr jkf'k 30-65 96-61?kVk % Mhb,,Q }kjk nkoksa ds fy, çfriwÆr dh xÃ jkf'k 'kwU; 'kwU;Mhb,,Q dks varfjr jkf'k dk bfr 'ks"k 127-26 96-61

11-13 o"kZ ds nkSjku] Hkkjrh; fjt+oZ cSad ds ifji= fnukad 15-01-2014 la[;k MhchvksMh-ua-chih-chlh-85@21-06-200@2013&14 dh 'krks± ds vuqlkj cSad us la?kVdksa }kjk fn, x, fooj.kksa ds vuqlkj vjf{kr fons'kh eqæk tksf[ke gsrq #- 1-07 djksM+ ¼foxr o"kZ #- 0-51 djksM+½ dh jkf'k miyCèk dh gSA

12- pyfuf/k O;kqfIr vuqikr ¼#- djksM+ksa esa½lekIr frekgh 30-06-2015 30-09-2015 31-12-2015 31-03-2016

dqy Hkkjjfgr ewY; ¼vkSlr½

dqy Hkkfjr ewY; ¼vkSlr½







mPp xq.koÙkk py vkfLr;ka 1 dqy mPp xq.koÙkk py vkfLr;k¡

¼,pD;w,y,½ 7434.93 7457.38 8278.24 12032.99

udnh çokg 2 QqVdj tek,a rFkk NksVs O;olkf;;ksa ls

tek,a] ftuesa38992.18 3857.54 39867.51 3941.49 40893.23 4040.36 40858.71 4057.65

(i) fLFkj tek,a 833.49 41.67 905.18 45.26 979.22 48.96 564.39 28.22(ii) ?kVk fLFkj tek,a 38158.69 3815.87 38962.32 3896.23 39914.01 3991.40 40294.32 4029.433 vjf{kr Fkksd fufèk;u ftlesa 24387.39 10671.48 23735.99 10304.85 26346.74 11013.63 31501.51 13120.01(i) ifjpkyu tek,a ¼lHkh çfri{kdkj½ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00(ii) xSj&ifjpkyu tek,a ¼lHkh çfri{kdkj½ 24387.39 10671.48 23735.99 10304.85 26346.74 11013.63 31501.51 13120.01(iii) vjf{kr _.k

Punjab & Sind Bank


11.10 Off-Balance Sheet SPVs sponsored by Banks (Rs. in crore)

Name of the SPV sponsoredDomestic Overseas

31.03.2016 31.03.2015 31.03.2016 31.03.2015NIL NIL NIL NIL

11.11 Intra-Group Exposures

S.No. Particulars 31.03.2016 31.03.2015Sanc Loan/

limitBalance

O/sSanc Loan/

limitBalance

O/s(a) Total amount of intra-group exposures 11.68 0.03 5.64 0(b) Total amount of top-20 intra-group exposures 11.68 0.03 5.64 0(c) Percentage of intra-group exposures to total exposure of the

bank on borrowers / customers0.02 0.02 0.01 0

(d) Details of breach of limits on intra-group exposures and regulatory action thereon, if any.

NIL NIL NIL NIL

11.12 Transfers to Depositor Education and Awareness Fund (DEAF)(Rs. in crore)

Particulars 31.03.2016 31.03.2015Opening balance of amounts transferred to DEAF 96.61 NilAdd : Amounts transferred to DEAF during the year 30.65 96.61Less : Amounts reimbursed by DEAF towards claims Nil NilClosing balance of amounts transferred to DEAF 127.26 96.61

11.13 During the year, in terms of RBI Circular No. DBOD.No. BP.BC.85/21.06.200/2013-14 dt. 15.01.2014, the Bank has provided an amount of Rs.1.07 cr. (Previous Year Rs.0.51 cr.) towards Unhedged Foreign currency Exposure Based on the details furnished by the constituents.

12. Liquidity Coverage Ratio(Rs. in crore)

30.06.2015 30.09.2015 31.12.2015 31.03.2016 Total

Unweighted Value

(Average)

Total Weighted

Value (Average)

Total Unweighted

Value (Average)

Total Weighted

Value (Average)

Total Unweighted

Value (Average)

Total Weighted

Value (Average)

Total Unweighted

Value (Average)

Total Weighted

Value (Average)

High Quality Liquid Assets 1 Total High Quality Liquid Assets 7434.93 7457.38 8278.24 12032.99

Cash Outflows 2 Retail deposits and deposits from

small business customers, of which38992.18 3857.54 39867.51 3941.49 40893.23 4040.36 40858.71 4057.65

(i) Stable Deposits 833.49 41.67 905.18 45.26 979.22 48.96 564.39 28.22(ii) Less stable deposits 38158.69 3815.87 38962.32 3896.23 39914.01 3991.40 40294.32 4029.433 Unsecured wholesale funding of

which24387.39 10671.48 23735.99 10304.85 26346.74 11013.63 31501.51 13120.01

(i) Operational Deposits (all counterparties)

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

(ii) Non -operational deposits (all counterparties)

24387.39 10671.48 23735.99 10304.85 26346.74 11013.63 31501.51 13120.01

(iii) Unsecured debt

iatkc ,.M fla/ cSad


4 lajf{kr Fkksd fufèk;u 175.04 0.00 0.00 0.005 vfrfjä vfuok;Zrk,a] ftlesa 5917.68 924.44 5970.81 794.27 6307.08 772.23 5876.21 708.56(i) O;qRiUu tksf[keksa ls lac) cfgxZeu rFkk

vU; laikÆÜod vko';drk,a (ii) _.k mRiknksa ij fufèk;u dh gkfu ls

lacafèkr cfgxZeu(iii) _.k rFkk py fufèk lqfoèkk,a 5917.68 924.44 5970.81 794.27 6307.08 772.23 5876.21 708.566 vU; lafonkRed fufèk;u nkf;Ro 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.007 vU; vkdfLed fufèk;u nkf;Ro 3529.59 176.48 3704.09 185.20 4182.35 209.12 3996.45 146.318 dqy udnh çokg 15804.99 15225.82 16035.34 18032.53

udnh var% çokg 9 çfrHkwr _.k ¼;Fkk fjolZ jsiks½ 365.00 25.00 191.67 16.67 675.00 430.00 543.33 510.0010 iw.kZ vtZd tksf[keksa ls var%çokg 4628.33 2421.11 2854.97 1501.38 3301.81 1839.28 1320.33 733.1111 vU; udnh var%çokg 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0012 dqy var% udnh çokg 4993.33 2446.11 3046.63 1518.04 3976.81 2269.28 1863.67 1243.1113 dqy ,p-D;w-,y-,- 7434.93 7457.38 8278.24 0.00 12032.9914 dqy 'kq) udnh cká çokg 13358.88 13707.77 13766.06 0.00 16789.4215 pyfufèk O;kfIr vuqikr ¼%½ 55.66 54.40 60.14 0.00 71.67

13- ,e,l,ebZMh vf/kfu;e] 2006 dh 'krksaZ ds vuqlkj çdVhdj.k

lw{e vkSj y?kq m|eksa ls Ø; dh xbZ py lEifÙk ls lacaf/kr lwpuk dk fooj.k

Ø-la- fooj.k 2015&16 2014&15ewy jkf'k C;kt ewy jkf'k C;kt

1- ewy/ku rFkk ml ij ns; C;kt ¼vyx ls n'kkZ;k tk,½ fdlh vkiwfrZdrkZ dks vçnÙk gSA


2- vkiwfrZdrkZ dks o"kZ ds nkSjku fu;r fnu ds vykok fd, x, Hkqxrku dh jkf'k ds lkFk ,e,l,ebZMh vf/kfu;e dh /kkjk 16 ds vuqlkj [kjhnnkj }kjk çnÙk C;kt dh jkf'k


3- Hkqxrku esa gqbZ nsjh dh vof/k ds fy, ns; rFkk cdk;k C;kt ¼tks vnk dj fn;k x;k gS ysfdu o"kZ ds nkSjku fu;r frfFk ds vykok½ ysfdu bl vf/kfu;e ds varxZr fufnZ"V C;kt dks 'kkfey fd, fcuk


4- mifpr C;kt rFkk 'ks"k vçnÙk jkf'k 'kwU; 'kwU; 'kwU; 'kwU;

5- mÙkjorhZ o"kksaZ esa ns; rFkk vfrfjä 'ks"k C;kt dh jkf'k] tgk¡ rd fd mi;qä ns; C;kt okLro esa y?kq m|eh dks vf/kfu;e dh /kkjk 23 ds varxZr dVkSrh ;ksX; O;; ds :i esa vLoh—fr ds mís'; ls vnk dj fn;k tkrk gSA


14- tgk¡ lwpuk miyC/k ugha Fkh] dks NksM+dj vkSj tgka vko';d Fkk fiNys o"kZ ds vkadMksa dks iqu% O;ofLFkr@iqu% oxhZ—r fd;k x;k gSA

uksV% ;g ewy vaxszth ikB dk fgUnh vuqokn gSA

Punjab & Sind Bank


4 Secured wholesale funding 175.04 0.00 0.00 0.005 Additional requirements, of which 5917.68 924.44 5970.81 794.27 6307.08 772.23 5876.21 708.56(i) Outflows related to derivative exposures

and other collateral requirements(ii) Outflows related to loss of funding

on debt product(iii) Credit and liquidity facilities 5917.68 924.44 5970.81 794.27 6307.08 772.23 5876.21 708.566 Other contractual funding

obligations0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

7 Other contingent funding obligations

3529.59 176.48 3704.09 185.20 4182.35 209.12 3996.45 146.31

8 Total Cash Outflows 15804.99 15225.82 16035.34 18032.53 Cash Inflows

9 Secured lending (e.g.reverse repos) 365.00 25.00 191.67 16.67 675.00 430.00 543.33 510.0010 Inflows from fully performing

exposures4628.33 2421.11 2854.97 1501.38 3301.81 1839.28 1320.33 733.11

11 Other Cash Inflows 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0012 Total Cash Inflows 4993.33 2446.11 3046.63 1518.04 3976.81 2269.28 1863.67 1243.1113 TOTAL HQLA 7434.93 7457.38 8278.24 0.00 12032.9914 Total Net Cash Outflows 13358.88 13707.77 13766.06 0.00 16789.4215 Liquidity Coverage Ratio(%) 55.66 54.40 60.14 0.00 71.67

13. Disclosures in Terms of MSMED Act 2006

Details of information relating to purchase of moveable property from Micro and Small Enterprises:

S. No. Particulars 2015-16 2014-15Principal Amount

Interest Principal Amount

Interest

1 The principal amount and the interest due thereon (to be shown separately) remaining unpaid to any supplier.

NIL NIL NIL NIL

2 The amount of interest paid by the buyer in terms of section 16 of the MSMED Act, along with the amount of the payment made to the supplier beyond the appointed day during the year.

NIL NIL NIL NIL

3 The amount of interest due and payable for the period of delay in making payment (which have been paid but beyond the appointed day during the year) but without adding the interest specified under this Act;

NIL NIL NIL NIL

4 The amount of interest accrued and remaining unpaid. NIL NIL NIL NIL5 The amount of further interest remaining due and payable even in the

succeeding years, until such date when the interest dues as above are actually paid to the small enterprise , for the purpose of disallowance as a deductible expenditure under section 23 of the Act.

NIL NIL NIL NIL

14. The figures of the previous year have been re-grouped / re-arranged wherever necessary except where information was not available.

iatkc ,.M fla/ cSad


31 ekpZ] 2016 d¨ LkekIr o"kZ ds vuqLkkj udnh izokg fooj.kh(000NksMdj)

2015-16 2014-15

¼d½ ifjpkyu xfrfof/k;ksa ds varxZr udnh izokgykÒ&gkfu [kkrs ds vuqLkkj fuoy ykÒ@gkfu 3359724 1213483

Lkek;¨tu gsrqÁko/kku v©j vkdfLed O;; 9339228 6541015

ewY;gzkl 169064 462077

vkfLr;ksa dh fcØh ij ykÒ -397 -402

ckaM] ihLkhih,Lk rFkk vkbZihMhvkbZ ij C;kt 1290700 1489709

dk;Z'khy iwath esa ifjorZuksa Lks iwoZ ifjpkyu ykÒ 14158319 9705882

Lkek;¨tu gsrqfu{ksiksa esa o`f)@¼deh½ 45352479 19845512

m/kkjksa esa o`f)@¼deh½ -2092164 11431877

vU; ns;rkvksa esa o`f)@(deh) 1562076 -2074772

fuos'kksa esa (o`f))@deh -36708507 43000647

vfxzeksa esa (o`f))@deh -8132817 -71318530

vU; vkfLr;ksa esa (o`f))@deh -4843972 -30406788

ifjpkyu xfrfof/k;ksa ¼d½ Lks udn Áokg 9295414 -19816172

¼[k½ fuos'k xfrfof/k;ksa Lks udnh Áokgvpy vkfLr;ksa esa o`f) -379298 -845286

vkfLr;ksa dh fcØh ij ykÒ 397 402

fuos'k xfrfof/k;ksa Lks udnh Áokg ¼[k½ -378901 -844884

¼x½ foRrh; xfrfof/k;ksa Lks udnh Áokg

udnh gsrq bfDoVh 'ks;jksa (vafdr ewY;) dks tkjh djuk 0 304362

mLk ij ÁkIr 'ks;j Áhfe;e 0 1495638

LkkoZtfud fuxZe O;; 0 -8121

x©.k ckaM dk e¨pu 0 -400000

x©.k ckaMksa ij C;kt] ihLkhih,Lk ,.M vkbZihMhvkbZ -1290700 -1489709

bfDoVh ij ykÒka'k -660678 -240247

ykÒka'k vkcaVu dj -134499 -54167

foRrh; xfrfof/k;ksa Lks udnh Áokg ¼x½ -2085877 -392244

ifjpkyu xfrfof/k;ksa Lks udnh 9295414 -19816172

fuos'k xfrfof/k;ksa Lks udnh -378901 -844884

foŸkh; xfrfof/k;ksa Lks udnh -2085877 -392244

udnh o udnh LkerqY; esa o`f) 6830636 -21053300

cSad 'ks"k o udnh ¼izkjafEHkd½ 42195073 63248375

cSad 'ks"k o udnh ¼vafre½ 49025709 42195073

Punjab & Sind Bank


CASH FLOW STATEMENT FOR THE YEAR ENDED 31st March, 2016(000'S OMITTED)

2015-16 2014-15

(A) Cash Flow from Operating ActivitiesNet Profit as per Profit & Loss Account 3359724 1213483Adjustments for:Provisions & Contingencies 9339228 6541015Depreciation 169064 462077Profit on sale of Assets -397 -402Interest on Bonds, PCPS and IPDI 1290700 1489709Operating Profit before working capital changes 14158319 9705882Adjustments for:Increase / (Decrease) in Deposits 45352479 19845512Increase / (Decrease) in Borrowings -2092164 11431877Increase / (Decrease) in Other Liabilities 1562076 -2074772(Increase) / Decrease in Investments -36708507 43000647(Increase)/ Decrease in Advances -8132817 -71318530(Increase) / Decrease in Other Assets -4843972 -30406788Cash Flow from Operating Activities (A) 9295414 -19816172

(B)Cash Flow from Investing ActivitiesIncrease in Fixed Assets -379298 -845286Profit on sale of Assets 397 402Cash Flow from Investing Activities (B) -378901 -844884

(C)Cash Flow from Financing ActivitiesIssue of Equity Shares (Face Value) for cash 0 304362Share Premium received thereon 0 1495638Public Issue Expenses 0 -8121Redemption of Subordinated Bonds 0 -400000Interest on Bonds, PCPS and IPDI -1290700 -1489709Dividend on Equity -660678 -240247Dividend Distribution Tax -134499 -54167Cash Flow from Financing Activities (C) -2085877 -392244Cash from Operating Activities 9295414 -19816172Cash from Investing Activities -378901 -844884Cash from Financing Activities -2085877 -392244Increase in Cash & Cash Equivalents 6830636 -21053300Cash and Bank Balances (Opening) 42195073 63248375Cash and Bank Balances (Closing) 49025709 42195073

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—rs èkou ,.M da- —rs nfoUnj iky Çlg ,.M da- lunh ys[kkdkj lunh ys[kkdkj

¼vkÃ-ts- èkou½ ¼gjcUl Çlg½ lk>snkj lk>snkj ,e- ua- 081679 ,e-ua- 099109 ,Qvkj,u 002864,u ,Qvkj,u 007601,u fnukad% 10 eÃ] 2016LFkku% uÃ fnYyh

Punjab & Sind Bank


JATINDERBIR SINGH MUKESH KUMAR JAIN ARVIND KUMAR JAINCHAIRMAN & MG. DIRECTOR EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR

P.K. JENA ANITA KARNAVAR ATANU SEN DIRECTOR DIRECTOR DIRECTOR

S.R. MEHAR S. P. BABUTA M. S. SARANGDIRECTOR DIRECTOR DIRECTOR

I.S. BHATIA DEEPAK MAINI G.S. DHALLGENERAL MANAGER GENERAL MANAGER GENERAL MANAGER

D.D. SHARMA VARINDER GUPTA HARVINDER SINGHGENERAL MANAGER GENERAL MANAGER GENERAL MANAGER

R. K. BANSAL G. S. DHINGRA V.K. MEHROTRA GENERAL MANAGER GENERAL MANAGER ASSTT.GEN. MANAGER

A.S.AHUJA C.M. SINGHASSTT.GEN. MANAGER CHIEF MANAGER

For Tiwari & Associates For Dhillon & Associates Chartered Accountants Chartered Accountants

(Devender Magoo) (Rajesh Malhotra) Partner PartnerM. No. 085739 M. No. 090661 FRN : 002870N FRN : 002783N


(I. J. Dhawan) (Harbans Singh)Partner PartnerM. No. 081679 M. No. 099109FRN : 002864N FRN : 007601N

Dated: 10 May, 2016Place: New Delhi

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Punjab & Sind Bank



Head Office : 21 – RAJENDRA PLACE, NEW DELHI -110008{SIXTH ANNUAL GENERAL MEETING}: 28.06.2016

FORM ‘B' PROXY FORM

[To be filled and signed by the Shareholder]

I/We…………………………………………………………………………………………………………...Resident of…………………………………………….………………..in the district of

………………........................................... in the State of ……........................................…… being a shareholder /shareholders of the Punjab & Sind

Bank, hereby appoint Shri/Smt …………………………..........................................……….. resident of……….………………………………...in the district of

……………....…………………in the State of …………....…………………………or failing him/her, Shri/Smt …………………….......................................……….. resident

of …………………………………… in the district of ……………………………………… in the State of ……………...............……………. as my / our proxy to vote for me/

us and on my / our behalf at the Sixth Annual General Meeting of the Shareholders of Punjab & Sind Bank to be held on Tuesday the 28th June,

2016 at 10.00 A.M. at India International Centre, 40-Max Mueller Marg, Lodi Estate, New Delhi – 110 003 and at any adjournment thereof.

Signed this …….......…….. day of ….....………. 2016

Regd. Folio No./Client ID: No. of Shares

............................ .............................................................................

Signature of Proxy Signature of the sole / first named shareholder

Name & Address: ..................................... Name & Address: ................................................

.................................................................. .............................................................................

Annexure-‘A’

Please affix Revenue

Stamp

INSTRUCTIONS FOR SIGNING AND LODGING THE PROXY FORM 1. No instrument of proxy shall be valid unless,

a) in the case of an individual shareholder, it is signed by him/her or his/her attorney, duly authorised in writing, b) in the case of joint holders, it is signed by the shareholder first named in the register or his / her attorney, duly authorised in writing, c) in the case of a body corporate signed by its officer or an attorney duly authorised in writing.

2. An instrument of proxy shall be sufficiently signed by any shareholder, who is, for any reason, unable to write his / her name, if his / her mark is affixed thereto and attested by a Judge, Magistrate, Registrar or Sub-Registrar of Assurances or other Government Gazetted Officer or an Officer of Punjab & Sind Bank.

3. The proxy together with : (a) the power of attorney or other authority (if any) under which it is signed, or (b) a copy of the power of attorney or authority, certified by a Notary Public or a Magistrate, should be deposited with Punjab & Sind Bank, HO Shares Cell, 1st Floor, 21-Rajendra Place, New Delhi-110 008 not less than FOUR DAYS before the date of the Annual General Meeting i.e. on or before the closing hours of Thursday, the 23rd day of June, 2016 (5.00 p.m.).

4. In case the relevant Power of Attorney is already registered with Punjab & Sind Bank or Share Transfer Agent, the registration Number of Power of Attorney and the date of such registration may be mentioned.

5. No instrument of Proxy shall be valid unless it is in Form ‘B' and duly stamped. 6. An instrument of proxy deposited with the Bank shall be irrevocable and final. 7. In the case of an instrument of proxy granted in favour of two grantees in the alternative, not more than one form shall be executed. 8. The shareholder who has executed an instrument of proxy shall not be entitled to vote in person at the Annual General Meeting to which

such instrument relates. 9. No person shall be appointed as duly authorised representative or a proxy who is an officer or an employee of Punjab & Sind Bank.

iatkc ,.M fla/ cSad



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vuqca/k Þchß

Punjab & Sind Bank



Head Office : 21 – RAJENDRA PLACE, NEW DELHI -110008

ATTENDANCE SLIP SIXTH ANNUAL GENERAL MEETING

INDIA INTERNATIONAL CENTRE, 40-MAX MUELLER MARG, LODI ESTATE, NEW DELHI – 110 003

TUESDAY, JUNE 28, 2016, 10.00 a.m. [Please fill in the Attendance slip and hand it over at the Registration counter]

Regd. Folio/ DP & Client ID s

Name of the Shareholder

Number of Shares

Signature of Shareholder / Proxy / Authorised Representative


Head Office : 21 – RAJENDRA PLACE, NEW DELHI -110008

ENTRY PASS(To be retained throughout the meeting)

SIXTH ANNUAL GENERAL MEETINGINDIA INTERNATIONAL CENTRE, 40-MAX MUELLER MARG,

LODI ESTATE, NEW DELHI – 110 003

TUESDAY, JUNE 28, 2016, 10.00 a.m.

Regd. Folio/ DP & Client ID

Name of the Shareholder

Number of Shares

Signature of Shareholder / Proxy / Authorised Representative

Note : Ballot Paper for polling will be issued against the entry pass only.

Annexure-‘B’

iatkc ,.M fla/ cSad


NOTES

egkizca/kd / General Managers

Jh vkbZ-,l- HkkfV;k Jh ,e-th- JhokLroSh. M.G. Srivastava

Jh nhid eSuhSh. Deepak Maini

Jh th-,l- <+YySh. G.S. Dhall

Jh Mh-Mh- 'kekZSh. D.D. Sharma

Jh ohjsUnz xqIrkSh. Varinder Gupta

Jh vkj- ds- calySh. R.K.Bansal

Jh ,l-lh- Dok=kSh. S.C. Kwatra

Jh jfeUnjthr flagSh. Raminderjit Singh

Jh th-,l- ukjaxSh. G.S. Narang

Jh th-,l- <haxjkSh. G.S. Dhingra

Jh gjfoUnj flagSh.Harvinder Singh

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funs’kd eaMy - Bombay Stock Exchange · 4- funs'kd eaMy dh fjiksVZ / Directors' Report 16-43 ... ksDrk igpku i=@iSu dkMZ@ikliksVZ@MªkbÇox ykblsal vkfn dks lkFk esa ykus