PNB 5-53.pmd

5

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bZ&esy % [email protected], [email protected]

AUDITORS REGISTRAR & SHARE TRANSFER AGENT

V Shankar Aiyar & Co. MCS Ltd

N C Rajgopal & Co. F-65, 1st Floor, Okhla Industrial Area,

Gupta & Gupta Phase-I, New Delhi 110020

P Jain & Co. Tele No. Direct : 011-41709884

Kalani & Co. EPABX: 011-41406149/51/52

Anjaneyulu & Co. Fax No.: 011-41709881

Email: [email protected], [email protected]

CONTENTS i`"B la[;k@Page No.

� Notice 6

� Directors' Report 11

� Management Discussion And Analysis 19

� Disclosure under Basel II 54

� Corporate Governance 68

� Auditor's Certificate 89

� Financial Statements

� Balance Sheet 92

� Profit & Loss Account 93

� Schedules 94

� Significant Accounting Polices 104

� Notes on Accounts 110

� Cash Flow Statement 131

� Auditors' Report 134

� Consolidated Financial Statement

� Balance Sheet 138

� Profit & Loss Account 139

� Schedules 140

� Significant Accounting Polices 150

� Cash Flow Statement 171

� Auditors' Report 174

� Proxy Form 177

� ECS Mandate Form/Bank Account Details 179

PNB 5-53.pmd 6/24/2009, 6:16 PM5

6

(A Government of India Undertaking)

Head Office: 7, Bhikhaiji Cama Place, New Delhi-110 607

(Share Department: 5, Sansad Marg,New Delhi 110001)

Email : [email protected]

NOTICE

Pursuant to Regulation 56 of the Punjab National Bank (Shares and Meetings) Regulations, 2000, NOTICE IS

HEREBY GIVEN that the 8th

Annual General Meeting of PUNJAB NATIONAL BANK will be held on Wednesday, the

29th

July, 2009 at 11.30 a.m. at FICCI Auditorium, Tansen Marg, New Delhi-110001, to transact the

following business:

1. To discuss, approve and adopt the Audited Balance Sheet of the Bank as at 31.03.2009, Profit and Loss Account

of the Bank for the year ended 31st

March 2009, the Report of the Board of Directors on the working and

activities of the Bank for the period covered by the Accounts and the Auditors’ Report on the Balance Sheet and

Accounts.

2. To declare Annual Dividend on Equity Shares for the Financial Year 2008-09.

Place : New Delhi (Dr. K. C. Chakrabarty)

Date : 09.06.2009 Chairman and Managing Director

(Hkkjr ljdkj dk miØe)ç-dk- 7] Hkhdk,th dkek Iysl] ubZ fnYyh&110607'ks;j foHkkx] 5&laln ekxZ] ubZ fnYyh&110001

bZ esy % [email protected]

uksfVl

iatkc uS'kuy cSad ('ks;j ,oa cSBdsa) fofu;e&2000 ds fofu;e 56 ds vuqlj.k esa ,rn~}kjk lwfpr fd;k tkrk gS fd iatkc uS'kuy cSad dhvkBoha okf"kZd vke cSBd cq¼okj fnukad 29 tqykbZ] 2009 dks çkr% 11-30 cts fiQDdh vkfMVksfj;e] rkulsu ekxZ] ubZ fnYyh&110001esa gksxh ftlesa fuEufyf[kr fo"k;ksa ij fopkj&foe'kZ fd;k tk,xk %&

1- cSad dh 31-3-2009 dh fLFkfr ds vuqlkj ys[kkijhf{kr rqyui=k] 31 ekpZ] 2009 dks lekIr foÙkh; o"kZ ds fy, cSad ds ykHk&gkfu ys[kkrFkk mDr ys[kk vof/ ds fy, cSad dh dk;Zç.kkyh ,oa xfrfof/;ksa ij funs'kd eaMy dh fjiksVZ rFkk rqyu&i=k ,oa ys[kksa ij ys[kk&ijh{kdksadh fjiksVZ ij ppkZ djuk] Lohdkj djuk ,oa viukukA

2- foÙk o"kZ 2008&09 ds fy, bfDoVh 'ks;jksa ij okf"kZd ykHkka'k dh ?kks"k.kk djukA

LFkku % ubZ fnYyh (MkW-ds-lh-pØcrhZ)fnukad % 09-06-2009 vè;{k ,oa çca/ funs'kd

PNB 5-53.pmd 6/24/2009, 6:16 PM6

7

NOTES:

1. APPOINTMENT OF PROXY

As per Regulation 68 (iii) of Punjab National Bank (Shares &

Meetings) Regulations, 2000 (Regulations), a shareholder

entitled to attend and vote, is entitled to appoint a proxy to

attend and vote instead of himself/herself and such a proxy

need not be a shareholder of the Bank and such proxy so

appointed shall not have any right to speak at the meeting.

However, as per Regulation 70(vi), such grantor of an instrument

of proxy shall not be entitled to vote in person at the meeting.

As per Regulation 70(vii), no person shall be appointed as a

Proxy who is an officer or an employee of the Bank.

As per Regulation 70 (ii), the instrument appointing proxy to

be effective, shall be deposited at the Share Department, 2nd

Floor, 5, Sansad Marg, New Delhi-110001 not less than

four days before the commencement of the meeting i.e. on

or before the closing hours i.e. 5.00 p.m. of Thursday, the

23rd

July, 2009. The format of the proxy form is attached

with the Annual Report & is also available on the Bank’s

website at www.pnbindia.com (“Investor’s Info" page).

2. APPOINTMENT OF AN AUTHORISED REPRESENTATIVE

As per Regulation 69(ii) of Punjab National Bank (Shares &

Meetings) Regulations, 2000 (Regulations), no person shall

be entitled to attend or vote at the meeting as duly authorized

representative of a company/corporation/body corporate,

unless a copy of the resolution appointing him/her as a duly

authorized representative, certified to be a true copy by the

Chairman of the meeting at which it was passed, shall have

been deposited at the Share Department of the Bank at 2nd

floor, 5 Sansad Marg, New Delhi 110001, not less than four

days before the date of meeting i.e. on or before the closing

hours i.e. 5.00 p.m. of Thursday, the 23rd

July, 2009.

As per Regulation 70(vii), no person shall be appointed as an

authorized representative who is an officer or an employee

of the Bank.

3. ATTENDANCE SLIP - CUM - ENTRY PASS

For the convenience of the shareholders, Attendance Slip-

cum-Entry Pass is attached to this Notice. Shareholders/Proxy

holders/ Authorised Representatives are requested to affix

their signatures at the space provided therein and surrender

the same at the venue of AGM.

4. CLOSURE OF REGISTER OF SHAREHOLDERS

The Register of Shareholders and the Share Transfer Books of

the Bank remain closed from Saturday, the 6th

June, 2009 to

Saturday, the 13th

June, 2009 (both days inclusive) (for both

the shares held in physical mode and in demat mode) in

connection with the Annual General Meeting to be held on

Wednesday, the 29th

July, 2009 and for the purpose of

determining the names of the shareholders entitled to receive

the Annual Dividend for the Financial Year 2008-09. A notice

to this effect was published in the newspapers Business

Standard (English & Hindi) on 28.05.09, pursuant to

fVIif.k;ka %

1- çkWDlh dh fu;qfDr

iatkc uS'kuy cSad ('ks;j ,oa cSBdsa) fofu;e] 2000 ds fofu;e 68(iii) ds vuqlkj] cSSBd esa mifLFkr gksus vkSj er nsus ds ik=k'ks;jèkkjd vius LFkku ij mifLFkr gksus vkSj er nsus gsrq çkWDlhfu;qDr djus dk Hkh ik=k gksxk rFkk ,slh çkWDlh dk cSad dk'ks;jèkkjd gksuk vko';d ugha gSA rFkkfi] fofue; 70 (vi) dsvuqlkj] bl çdkj çkWDlh fu;qDr djus okyk O;fDr cSBd esa Lo;aoksV nsus dk gdnkj ugha gksxkA

,slk dksbZ Hkh O;fDr tks cSad dk deZpkjh ;k vf/dkjh gS] fofu;e70(vii) ds vuqlkj çkWDlh ds :i esa fu;qDr ugha fd;k tk ldrkA

fofu;e 70(ii) ds vuqlkj] çkWDlh ds :i esa fu;qDr dh tkus okyhfy[kr dks çHkkoh djus ds fy,] mls 5 laln ekxZ] ubZ fnYyh&110001fLFkr iatkc uS'kuy cSad ds 'ks;j foHkkx (f}rh; ry) esa] cSBd 'kq:gksus ls de ls de 4 fnu iwoZ vFkkZr o`gLifrokj 23 tqykbZ] 2009dks dkjksckjh le; dh lekfIr vFkkZr lk;a 5 cts rd tek dj nhtk,A çkWDlh ds iQkeZ dk çk:i okf"kZd fjiksVZ ds lkFk layXu gS ocSad dh oSclkbZV www.pnbindia.com ("Investor's info"

page) ij Hkh miyC/ gSA

2- çkf/Ñr çfrfuf/ dh fu;qfDr

iatkc uS'kuy cSad ('ks;j ,oa cSBdsa) fofu;e 2000 (fofu;e) dsfofu;e 69(ii) ds vuqlkj] dksbZ Hkh ,slk O;fDr] fdlh dEiuh@fuxe@fuxfer fudk; ds fof/or~ çkf/Ñr çfrfuf/ ds :i esa] rc rd cSaddh cSBd esa mifLFkr gksus ;k er nsus dk ik=k ugha gksxk] tc rd mlcSBd] ftl esa ;g ladYi ikfjr fd;k x;k gS] ds vè;{k }kjk fof/or~ :i ls çkf/Ñr çfrfuf/ ds :i esa mls fu;qDr djus okys ladYidh lR;çfr 5] laln ekxZ] f}rh; ry] ubZ fnYyh&110001 esa fLFkriatkc uS'kuy cSad ds 'ks;j foHkkx esa] cSBd dh rkjh[k ds de ls de4 fnu iwoZ vFkkZr ogLifrokj] 23 tqykbZ] 2009 dks dkjksckjh le; dhlekfIr vFkkZr lk;a 5 cts rd tek u dj nh x;h gksA

,slk dksbZ Hkh O;fDr tks cSad dk deZpkjh ;k vf/dkjh gS] fofu;e70(vii) ds vuqlkj] çkf/Ñr çfrfuf/ ds :i esa fu;qDr ugha fd;ktk ldrk A

3- mifLFkfr iphZ rFkk ços'k ikl

'ks;j/kjdksa dh lqfo/k ds fy, mifLFkfr iphZ rFkk ços'k ikl bl

uksfVl ds lkFk layXu gS A 'ks;j/kjdksa@çkWDlh/kjdksa@çkf/Ñr çfrfufèk;ksa

ls vuqjks/ gS fd os blesa n'kkZ, x, mfpr LFkku ij vius gLrk{kj

djsa rFkk cSBd LFky ij bls ns nsaA

4- 'ks;j/kjdksa dk jftLVj cUn gksuk

cq¼okj] 29 tqykbZ] 2009 dks vk;ksftr gksus okyh okf"kZd vke cSBdrFkk foÙk o"kZ 2008&09 ds fy, ?kksf"kr fd, tkus okys okf"kZd ykHkka'kdh çkfIr ds fy, 'ks;j/kjdksa ds ukeksa dh ik=krk ds fu/kZj.k gsrq cSadds 'ks;j/kjdkssa dk jftLVj rFkk 'ks;j varj.k iqLrdsa 'kfuokj] 6 twu]2009 ls 'kfuokj] 13 twu] 2009 rd (nksuksa fnu 'kkfey gSa) (ewrZ #iesa rFkk MheSV #i esa /kfjr nksuksa çdkj ds 'ks;jksa ds fy,)can jghaA iatkc uS'kuy cSad ('ks;j ,oa cSBdsa) fofu;e&2000 dsfofu;e 12 ds vuqlj.k esa bl lEca/ esa lwpuk 28-05-2009 dslekpkj i=k fcftusl LVs.MMZ esa (vaxzsth o fgUnh esa) çdkf'kr dh

PNB 5-53.pmd 6/24/2009, 6:16 PM7

8

Regulation 12 of Punjab National Bank (Shares & Meetings)

Regulations, 2000. (The Board in its meeting held on 20.05.09

had recommended Annual Dividend of Rs.20/- each per

equity share of Rs.10/-each (200%) for the financial year

2008-09 subject to its declaration in the AGM).

The Transfer Deed(s) along with Share Certificate(s) received

upto Friday, the 05.06.2009 i.e. the previous day of the

opening of Book Closure Dates had been considered for

entitlement of shareholders to receive the Annual Dividend.

5. PAYMENT OF ANNUAL DIVIDEND

The Annual Dividend, as recommended by the Board of

Directors of the Bank if declared at the Annual General

Meeting, will be paid within 30 days of declaration thereof,

to those shareholders who stand registered on the Bank’s

Register of Shareholders on Friday, the 5th

June, 2009.

6. CHANGE OF ADDRESS, DIVIDEND MANDATE AND

OTHER PARTICULARS :

a) Holding of shares in Physical Form

Shareholders holding shares in physical form are

requested to inform the Registrar and Share Transfer

Agent regarding the change of address, dividend

mandate and the particulars of the Bank, Branch & Bank

account number etc., which the shareholder desires to

be for receiving communications including Annual

Report / incorporation on the dividend warrant

for future at the following address:-

MCS Limited (Unit – PNB)

F-65, First Floor, Okhla Industrial Area, Phase I,

New Delhi 110020

b) Holding of shares in Electronic Form.

Beneficial owners are requested to ensure that the

address, Bank details (name of the Bank, Branch and

Account number), dividend/ECS mandate etc. are duly

updated with their Depository Participant so that they

may receive the communications, Annual Report,

dividend etc. in time in future.

7. ELECTRONIC CLEARING SERVICE (ECS)

ECS is a method of directly crediting the dividend to the

shareholders’ bank account by electronic transfer, without

the medium of an instrument like dividend warrant. This

facility is available to shareholders who are having bank

account, at certain cities only as stipulated by the Reserve

Bank of India.

a) Holding of Shares in physical form

Shareholders holding shares in physical form desirous

of using this facility for future are requested to submit,

the ECS mandate form to the Registrar and Share

Transfer Agent well in time. In case such shareholders

have already submitted ECS mandate to Registrar and

Share Transfer Agent, then there is no need to submit

the same again.

xbZ FkhA ¹cSad ds cksMZ us 20-05-09 dks vk;ksftr viuh cSBd esa

200» vFkkZr~ #0 20@&çfr bfDoVh 'ks;j dh nj ls okf"kZd ykHkka'k

dh fliQkfj'k igys gh dj nh gS] c'krZs vkxkeh okf"kZd vke cSBd

esa bldh ?kks"k.kk dh tk,Aº

'kqØokj fnukad 05-06-2009 vFkkZr iqLrd canh dh rkjh[k ls iwoZ fnu

rd çkIr 'ks;j çek.k&i=kksa lfgr vUrj.k foys[k] okf"kZd ykHkka'k dh

ik=krk gsrq 'kkfey dj fy, x, gSaA

5- okf"kZd ykHkka'k dk Hkqxrku

funs'kd eaMy }kjk vuq'kaflr okf"kZd ykHkka'k] ;fn mldh ?kks"k.kkokf"kZd vke cSBd esa dj nh tkrh gS] dk Hkqxrku mu lHkh 'ks;jèkkjdksadks] tks cSad ds lnL;ksa ds jftLVj esa 'kqØokj 5 twu] 2009 dksiathÑr gSa] ykHkka'k dh ?kks"k.kk ds 30 fnuksa ds vanj dj fn;k tk,xkA

6- irs esa ifjorZu] ykHkka'k vf/ns'k rFkk vU; vuqns'k

(d) ewrZ:i esa 'ks;j/kfjrk

ewrZ:i esa 'ks;j/kfjr 'ks;j/kjdksa ls vuqjks/ gS fd os vius irs esa

ifjorZu] ykHkka'k vf/ns'k] cSad] cSad dh 'kk[kk rFkk cSad [kkrk la[;k

laca/h fooj.k jftLVªkj rFkk 'ks;j varj.k ,tsaV dks fuEufyf[kr irs

ij lwfpr djsa rkfd Hkfo"; esa muds ykHkka'k okjaV ij okafNr lwpuk

'kkfey dh tk lds%

,elh,l fy- (ih,uch ;wfuV)

,iQ&65] igyh eafty] vks[kyk vkS|ksfxd {ks=kiQst+&A] ubZ fnYyh&110020

([k) bySDVªkWfud :i esa 'ks;j/kfjrk

ykHkkfFkZ;ksa ls vuqjks/ gS fd os lqfuf'pr djsa fd muds fMikftVjh esa

irs] cSad C;kSjs (cSad] cSad dh 'kk[kk rFkk cSad [kkrk la[;k)] ykHkka'k@

bZlh,l vf/ns'k vkfn fof/or~ v|ru :i esa ntZ gSa ftlls mUgsa

Hkfo"; esa le; ij i=k] okf"kZd fjiksVZ rFkk ykHkka'k] çkIr gks ldsa A

7- bySDVªkWfud lek'kks/u lsok

bySDVªkWfud lek'kks/u ç.kkyh 'ks;j/kjdksa ds cSad [kkrksa esa ykHkka'kokjaV tSlh fdlh fy[kr ds fcuk gh bySDVªkWfud varj.k ds ekè;e lsykHkka'k lh/s ØsfMV djus dh i¼fr gS A ;g lqfo/k mu 'ks;j/kjdksadks miyC/ gS ftuds cSad [kkrs] Hkkjrh; fjt+oZ cSad }kjk fufnZ"V dqNuxjksa esa gSaA

(d) ewrZ:i esa /kfjr 'ks;j

ewrZ:i esa /kfjr 'ks;j /kjd tks Hkfo"; esa bl lqfo/k dk mi;ksx

djuk pkgrs gSa muls vuqjks/ gS fd os bZlh,l vf/ns'k iQkeZ cSad ds

'ks;j varj.k ,tsaV dks le; jgrs çLrqr dj nsaA ;fn 'ks;j/kjd us

bZlh,l vf/ns'k igys gh fn;k gqvk gS rks bZlh,l vf/ns'k iqu% çLrqr

djus dh t:jr ugha gSA

PNB 5-53.pmd 6/24/2009, 6:16 PM8

9

(Common format of mandate for ECS/Bank details is

attached with the Annual Report & is available on bank’s

website www.pnbindia.com (“Investor’s info" page)).

b) Holding of shares in Electronic Form.

The beneficial owners who are holding shares in demat

form are requested to update their dividend / ECS

mandate with their Depository Participants only as all

the details viz. DPID No., Client ID Number, Name,

Address, Bank details (Name of the Bank, Branch, its

Address & Account Number) are down loaded from

the depositories, which are the basis for credit of

dividend by ECS in beneficial owner’s account or for

issuance of dividend warrant, as the case may be.

8. NON RECEIPT OF DIVIDEND

Bank has received back some undelivered envelopes

containing dividend warrants in the past due to various

reasons. As such, shareholders who have not received

dividend(s) are requested to contact Registrar & Share Transfer

Agent. In case, the dividend warrant is lying undelivered

then the same duly revalidated will be sent, otherwise as per

procedure duplicate dividend warrant will be issued on

execution of letter of indemnity upto amount of Rs.2,500/-

and indemnity bond (stamped) for amount, above Rs.2,500/-

as per format which is also available on Bank’s Website

(“Investor's info" page).

Further, certain amount is lying unpaid in Dividend Accounts

of various financial years since 02.09.2003, as such, in case

any shareholder has not received the dividend, they are

requested to contact Registrar & Share Transfer Agent by

giving the details viz Name, Folio No., DP ID & Client ID,

Address, Contact No., E-mail address. The full details of

such unpaid dividend Accounts is available on Bank’s website

www.pnbindia.com (“Investor’s Info" page).

9. VOTING RIGHTS

In terms of provisions of Section 3(2E) of the Banking

Companies (Acquisition and transfer of undertakings) Act,

1970, no shareholder of the Bank other than Central

Government shall be entitled to exercise voting rights in

respect of the shares held by him in excess of 1% of the total

voting rights of all the shareholders of the Bank.

10. REQUEST TO SHAREHOLDERS

a) Please note that copies of the Annual Report will not be

distributed at the venue of the Annual General Meeting.

Shareholders/Proxy holders/Authorised Representatives

are, therefore, requested to bring their copies of the

Annual Report to the meeting. The Annual Report (along

with formats) is being put on the Bank’s Website at

www.pnbindia.com (‘Investor's Info" page).

b) Shareholders may kindly note that no gift/coupon will

be distributed at the Meeting.

c) Due to strict security reasons brief cases, eatables & other

belongings are not allowed inside the auditorium. Persons

attending the meeting are, therefore, requested to make

their own arrangements for safe keeping of their

belongings.

(bZlh,l ds fy, vf/ns'k@cSad C;kSjs dk çi=k] tks nksuksa ds fy, ,d ghgS] okf"kZd fjiksVZ esa layXu fd;k x;k gSA ;g çi=k cSad dh oSclkbVwww.pnbindia.com (‘’investor’s Info" page) ij miyC/ gSA

([k) bySDVªkWfud :i esa 'ks;j/kfjrk

ykHkkFkhZ 'ks;j/kjd ftuds ikl Mh&eSV :i esa 'ks;j gSa mulsvuqjks/ gS fd os vius fMikftVjh lgHkkxh ds ikl gh viusykHkka'k@bZlh,l vf/ns'k dks v|ru djok,a D;ksafd MhihvkbZMhla[;k] DykabV vkbZMh uEcj] uke] irk] cSad C;kSjk (cSad dkuke] 'kk[kk dk uke] mldk irk rFkk [kkrk la[;k) vkfn tSlkleLr C;kSjk fMiktVjh ls gh MkmuyksM fd;k tkrk gSA blh dsvk/kj ij gh ykHkkFkhZ ds [kkrs esa bZlh,l }kjk ykHkka'k tekfd;k tkrk gS vFkok ykHkka'k okjaV tkjh fd;k tkrk gSA

8- ykHkka'k dk çkIr u gksuk

foxr esa cSad dks ykHkka'k okjaV ds dqN fyiQkiQs fofHkUu dkj.kksa lsvforfjr okfil çkIr gq, gSaA vr% ftu 'ks;j/kjdksa dks ykHkka'k çkIrugha gqvk gS] muls vuqjks/ gS fd os 'ks;j varj.k ,tsaV ls lEidZ djsaA;fn ykHkka'k okjaV fcuk forj.k ds j[kk ik;k x;k rks mls mldhoSèkrk vof/ c<+kdj Hkst fn;k tk,xk] vU;Fkk fu/kZfjr çfØ;k dsvuqlkj #- 2500@& rd dh jkf'k ds ykHkka'k okjaVksa ds fy, {kfriwfrZi=k rFkk #- 2500@& ls vf/d jkf'k ds ykHkka'k okjaVksa ds fy,{kfriwfrZ ca/ i=k (LVSEiM) fu"ikfnr fd, tkus ij tkjh fd, tk,axsA{kfriwfrZ i=k@ca/ i=k dk çi=k cSad dh oSclkbZV ("investor’s Info"

page) ij Hkh miyC/ gSA

fofHkUu foÙk o"kkZsa ds ykHkka'k [kkrksa esa 02-09-2003 ls dqN jkf'k fcukHkqxrku ds iMh+ gqbZ gS] vr% ;fn fdlh 'ks;j /kjd dks ykHkka'k çkIrugha gqvk gS rks muls vuqjks/ gS fd os viuk C;kSjk tSls uke] iQksfy;ksua-] Mhih vkbZMh ,oa Dykb±V vkbZMh] irk] lEidZ ua-] bZesy irk nsrsgq, jftLVªkj ,oa 'ks;j varj.k ,tsaV ls lEidZ djsaA Hkqxrku u fd,x, ykHkka'k [kkrksa dk iwjk C;kSjk cSad dh oSclkbV www.pnbindia.com

(‘’investor’s Info" page) ij miyC?k gSA

9- oksV dk vf/dkj

cSafdax dEiuh (miØeksa dk vtZu ,oa varj.k vf/fu;e] 1970 dh

/kjk 3 (2bZ) ds çko/kuksa ds vuqlj.k esa cSad dk dksbZ Hkh 'ks;jèkkjd]

dsUæ ljdkj ds vfrfjDr] mlds }kjk /kfjr 'ks;jksa ds laca/ esa cSad

ds leLr 'ks;j/kjdksa ds dqy oksV ds vf/dkj ds 1» ls vf/d

oksfVax ds vf/dkj dk gdnkj ugha gksxkA

10- 'ks;j/kjdksa ls vuqjks/

(d) 'ks;j/kjdksa dks lwfpr fd;k tkrk gS fd okf"kZd fjiksVZ dh çfr;kaokf"kZd vke cSBd ds LFky ij forfjr ugha dh tk,axhA vr%'ks;jèkkjdksa çkWDlh/kjdksa@çkf/Ñr çfrfuf/;ksa ls vuqjks/ gS fd os,rn~}kjk Hksth tk jgh okf"kZd fjiksVZ dh viuh çfr vius lkFk yk,aAokf"kZd fjiksVZ] ifjf'k"V lfgr cSad dh oSclkbV www.pnbindia.com

(‘’investor’s Info" page) ij Hkh nh tk jgh gSA

([k) 'ks;j/kjd Ñi;k uksV djsa fd okf"kZd vke cSBd LFky ij dksbZmigkj@dwiu forfjr ugha fd;k tk,xkA

(x) dM+s lqj{kk dkj.kksa ls lHkkxkj esa czhiQdsl] [kkus dh oLrq,a rFkk vU;fdlh çdkj dh futh oLrq,a ys tkus dh vuqefr ugha nh tk,xhAcSBd esa mifLFkr gksus okys O;fDr;ksa ls vuqjks/ gS fd os vius lkekudh lqj{kk Lo;a lqfuf'pr djsaA

PNB 5-53.pmd 6/24/2009, 6:16 PM9

PNB 5-53.pmd 6/24/2009, 6:16 PM10

PNB 5-53.pmd 6/24/2009, 6:16 PM11

12

GROWING SIZE AND IMPROVING EARNING MOMENTUM

PNB 5-53.pmd 6/24/2009, 6:16 PM12

13

IMPROVING ASSET QUALITY

IMPROVING PRODUCTIVITY

COMFORTABLE CAPITAL BASE

PNB 5-53.pmd 6/24/2009, 6:16 PM13

14

DIRECTORS’ REPORT 2008-09

To The Members

Your Bank is ranked 250th amongst the top 1000 Global Banks as

per ‘The Banker Magazine’ (London). It is ranked 31st amongst

the top 500 Indian companies by ‘The Economic Times’ Intelligence

Group Survey. Bank was bestowed ‘Corporate Excellence Award’

by Amity International Business School, Amity University, Noida.

More importantly, amongst more than 38 million customers we

serve, we are considered to be the Bank that cares about their

needs, ambitions and is a trusted name on which they can Bank

upon, making PNB as Number One amongst the Nationalised

Banks.

Financial inclusion is our central tenet. In the Indo-Gangetic

plain, where the Bank has a major presence, this is evident in our

schemes such as Krishak Saathi – that offers non collateral backed

loans of up to Rs. 1 lac to the small farming community. In

recognition of it’s efforts towards Financial Inclusion:

Bank was recognised by Dun & Bradstreet (2009) as the

‘Top Public Sector Bank’ under the category of ‘Priority

Sector lending including Financial Inclusion.’

Bank has also been conferred with the award by the

Institute for Development and Research in Banking

Technology (IDRBT, 2008) for use of technology for

Financial Inclusion.

Among Nationalised Banks, PNB has the largest network of

4668 offices, including 238 extension counters. All our branches

offer the Core/Centralised Banking Solution (CBS), along with a

variety of financial products catering to different market segments.

We offer our customers a unique banking experience by serving

them with an emotional touch. This commitment showcases our

intent to be closely involved in the lives of our customers. We have

classified our branches as Rural, Retail, MSME and Commercial/

Corporate so as to focus our deliverables to specific market

segments.

Bank has international presence in 8 countries – a branch at Kabul

& Hongkong; representative offices at Almaty, Dubai, Shanghai &

Oslo; UK subsidiary with 4 branches and a joint venture with Everest

Bank Ltd, Nepal. Today, PNB has both the strength and capability

to expand in the international arena.

This approach to business is characteristic of PNB’s 114 year history

of growth. Bank constantly innovates, reorients strategies and

realigns business processes with advanced technology to serve the

customers better and earn strong brand salience, loyalty and recall.

Our Vision 2013 aims to grow our customer base to 150

million.

The year 2008 will be indelibly marked in financial calendars for

time to come, as a year where the banking and financial services

space faced its greatest challenges. This plunged the advanced

economies into recession, impacting the real economy with

corporate bankruptcies, massive job losses and a crisis of

confidence. The Govts. and Central Banks around the world have

funs'kd fjiksVZ 2008&09lHkh lnL;]

^cSadj if=kdk] (yanu) ds vuqlkj vkidk cSad fo'o ds Js"B 1000 cSadksa esals 250osa LFkku ij gSA ^n bdksuksfed VkbEl* ds baVSfytsal xzqi ds loZs{k.k dsvuqlkj Js"B 500 Hkkjrh; daifu;ksa esa ls bldk 31oka LFkku gSA cSad dks,feVh baVjus'kuy fctusl Ldwy] ,feVh fo'ofo|ky;] uks,Mk }kjk ^mRÑ"VcSad ds fy, dkjiksjsV Js"Brk iqjLdkj* çnku fd;k x;kA

blls Hkh egRoiw.kZ ckr ;g gS fd 38 fefy;u ls vf/d xzkgdksa dkslsok çnku djrs gq, ge vius xzkgdksa dh vko';drkvksa] egRodka{kkvksadk è;ku j[krs gSa rFkk gekjk cSad ,d ,slk cSad gS ftl ij os lHkhHkjkslk djrs gSa vkSj leLr jk"Vªh;Ñr cSadksa es ls ih,uch dks uacj oudk ntkZ fn;k tkrk gSA

foÙkh; lekos'ku gekjk izeq[k fl¼kUr gSA Hkkjr ds xaxk rVh; {ks=k esa tgka

cSad dh çeq[k mifLFkfr gS] gekjh ;kstukvksa tSls Ñ"kd lkFkh ;kstuk tks NksVs

fdlkuksa dks ,d yk[k #i;s rd dk xS+j&laikf'oZd ½.k çnku djrh gSa] ls

Hkh foÙkh; lekos'ku esa gekjs ç;klksa dh igpku dk irk pyrk gSA

^foÙkh; lekos'ku lfgr çkFkfedrk {ks=k esa ½.k*] çnku djus dh Js.khesa cSad dks nwu ,aM czsMLVªhV (2009) }kjk ^lkoZtfud {ks=k ds Js"BcSad*] ds :i esa igpku nh xbZA

foÙkh; lekos'ku esa rduhd ds ç;ksx ds fy, cSafdax rduhd dkfodkl ,oa vuqla/ku laLFkku (vkbZMhvkjchVh] 2008) }kjk Hkh cSaddks iqjLdkj çnku fd;k x;kA

leLr jk"Vªh;Ñr cSadksa esa ls ih,uch dk usVodZ lcls cM+k gS ftlds 238foLrkj dkmaVjksa lfgr 4668 dk;kZy; gSaA gekjh lHkh 'kk[kk,a foÙkh; mRiknksads fofHkUu foi.ku {ks=kksa ds fy, fofo/rk ds lkFk dksj@dsUæhÑr cSafdaxlek/ku (lhch,l) lqfo/k çnku djrh gSaA ge vius xzkgdksa dks HkkoukRedLi'kZ ds lkFk lsok çnku djrs gq, ,d vuwBk cSafdax vuqHko nsrs gSaA gekjh;g çfrc¼rk muds thou esa 'kkfey gksus ds bjknksa dks n'kkZrh gSA geus viuh'kk[kkvksa dks xzkeh.k] fjVsy] ,e,l,ebZ rFkk okf.kfT;d@dkjiksjsV ds :i esaoxhZÑr fd;k gS rkfd fof'k"V cktkj ?kVdksa ds fy, gekjs mRiknksa ij iQksdlfd;k tk ldsA

8 ns'kksa esa gekjs cSad dh varjkZ"Vªh; mifLFkfr gS& dkcqy vkSj gkaxdkax esa,d&,d 'kk[kk] vYekVh] nqcbZ] 'ka?kkbZ vkSj vksLyks esa çfrfuf/ dk;kZy;] 4'kk[kkvksa lfgr fczVsu esa lgk;d dEiuh rFkk ,ojsLV cSad fy-] usiky ds lkFkla;qDr m|e gSA vkt] iatkc uS'kuy cSad ds ikl varjkZ"Vªh; {ks=k esa foLrkjdjus ds fy;s 'kfDr ,oa lkeF;Z nksuksa miyC/ gSaA

dkjksckj dk ;g n`f"Vdks.k ih,uch ds 114 o"kZ ds bfrgkl dh fo'ks"krk gSAcSad xzkgdksa dks csgrj lsok çnku djus vkSj etcwr czSaM çeq[krk] oiQknkjhvkSj iqu% lsok dk volj çnku djus ds fy, fujarj mUur rduhd ds lkFkiqujkfHkeq[k j.kuhfr;ksa rFkk dkjksckfjd çfØ;kvksa ds i{k esa igy djrk gSA

o"kZ 2013 dk gekjk fot+u 150 fefy;u xzkgdksa dk vk/kj fodflrdjus dk gSA

vkus okys le; ds fy, foÙkh; dSysaMj esa o"kZ 2008 ,sls o"kZ ds :iesa fpfÉr fd;k tk,xk ftlesa cSafdax vkSj foÙkh; lsokvksa ds {ks=k dksgky ds bfrgkl esa viuh lcls cM+h pqukSfr;ksa dk lkeuk djuk iM+kAblus mUur vFkZO;oLFkk dks eanh esa Mqcks fn;k vkSj dkjiksjsV fnokfy;siuls] ukSdfj;ksa dk Hkkjh uqdlku rFkk fo'okl dk ladV mRiUu gqvkA

PNB 5-53.pmd 6/24/2009, 6:16 PM14

15

responded to this crisis with bold and unconventional initiatives,

including bailouts, thus providing a sovereign guarantee to the

nervous markets.

India has emerged relatively unscathed, thanks to its conservative

regulatory framework that emphasised financial prudence and

denied use of high risk financial instruments. However, there is a

slow down in the real sector that is impacting the Indian financial

sector.

India’s comparative position is much stronger than the deep

recession being experienced elsewhere. This is thanks to the mixed

nature of our economy, which gives due importance to stringent

supervision and regulation of key institutions. Such a structure

minimises the chances of intense systemic turmoil. The present

economic environment, though characterised by financial turmoil

offers us many opportunities for growth.

I have reiterated that your Bank is fundamentally sound and strong.

Despite the Global financial turmoil and stress in the domestic

banking sector, the Bank has performed exceedingly well.

Your Directors take pleasure in placing the Bank’s Annual

Report for 2008-09 along with its audited annual financial

statements.

Key Financial Highlights

1. Positive Earning Momentum

� Net Profit of Rs.3,091 crore (y-o-y rise of 50.9 percent).

� Operating Profit amounted to Rs.5,744 crore (y-o-y

rise of 43.4 percent).

� 50.9 percent increase in Earning Per Share to Rs.98.03.

� Cost to income ratio of 42.27 percent (y-o-y

improvement of 4.54 pps, i.e percentage points).

� Net Interest margin protected at 3.62 percent.

� Return on Assets increased by 0.24 pps to 1.39 percent.

� CRAR under Basel II rose to 14.03 percent (as against

13.46 percent in 2007-08).

� Ratio of net NPAs to net advances 0.17 percent;

(y-o-y improvement of 0.47 pps).

� NPA coverage ratio stood at 90.47 percent as at the

end of March 2009.

� Return on Equity 23.52 percent; (y-o-y improvement

of 4.52 pps).

2. Balance Sheet Strength increases significantly

� Capital & Reserves increased to Rs.14,654 crore

(y-o-y increase of around 19 percent).

� Total business stood at Rs.3,64,463 crore (y-o-y

increase of 27.5 percent).

� Deposits amounted to Rs.2,09,760 crore (y-o-y

increase of 26.0 percent).

fo'oHkj dh ljdkjks a vkSj dsUæh; cSadksa us n`<+rk vkSj x+Sj ijEijkxrigyksa] ftlesa csy vkmV Hkh 'kkfey gSa] ds lkFk lkeuk fd;k gSA blçdkj fopfyr ckt+kjks a ds fy, ,d loZHkkS ae xkjaVh çnku dh gSA

Hkkjr blls vis{kkÑr de izHkkfor gqvk gS] blds :f<oknh fu;ked <kaps dksèkU;okn] tks foÙkh; foosd ij cy nsrk gS rFkk mPp tksf[ke okys foÙkh;lkèkuksa ds iz;ksax ls badkj djrk gSA gkykafd laink {ks=kksa esa deh vkbZ gS ftllsHkkjrh; foÙkh; {ks=k çHkkfor gqvk gSA

fiQj Hkh] vU;=k dgha Hkh ikbZ xbZ O;kid eanh dh rqyuk esa Hkkjr dh fLFkfrvf/d etcwr gSA blds fy, gekjh fefJr vFkZO;oLFkk dks /U;okn] tksçeq[k laLFkkuksa ds dBksj i;Zos{k.k ,oa fu;eu dks egRo nsrh gSA bl çdkj dhlajpuk xgu ç.kkyhxr mFky&iqFky dh laHkkouk dks U;wure dj nsrh gSAorZeku vkfFkZd ifjos'k] gkykafd foÙkh; mFky&iqFky ds :i esa oxhZÑrfd;k x;k gS] gesa fodkl ds cgqr ls volj miyC/ djkrk gSA

eSaus lnSo nksgjk;k gS fd vkidk cSad ewy:i ls lqn`<+ ,oa etcwr gSA oSf'odfoÙkh; mFky&iqFky vkSj ?kjsyw cSafdax {ks=k esa ncko ds ckotwn cSad dkfu"iknu vR;ar Js"B jgkA

vkids funs'kdx.k o"kZ 2008&09 dh ys[kk&ijhf{kr okf"kZd foojf.k;ksa

lfgr cSad dh okf"kZd fjiksVZ çLrqr djus esa g"kZ dk vuqHko djrs gaSA

eq[; foÙkh; miyfC/;ka

1 ldkjkRed vk; dh xfr

� 3]091 djksM+ #i;s dh 'kq¼ vk; (o"kZ nj o"kZ 50-9» dho`f¼)A

� ifjpkyu ykHk 5]744 djksM+ #i;s rd igqap x;k (o"kZ nj o"kZ43]4» dh o`f¼)A

� çfr 'ks;j vtZu 50-9» o`f¼ ds lkFk 98-03 #i;s gqvkA

� vk; vuqikr dh ykxr 42-27» (o"kZ nj o"kZ 4-54» vadksa dklq/kj)

� 'kq¼ C;kt ekftZu 3]62» ij lqjf{kr jgkA

� vkfLr;ksa ij vk; 0-24» vadksa ls c<+dj 1-39» gks xbZA

� cSly&AA ds varxZr lhvkj,vkj 14-03» rd igqap xbZ (o"kZ2007&08 esa 13-46» ds çfr)A

� 'kq¼ vfxzeksa dh rqyuk esa 'kq¼ ,uih, dk vuqikr 0-17» jgh(o"kZ nj o"kZ 0-47» vadksa dk lq/kj)A

� ekpZ] 2009 ds var rd ,uih,] dojst vuqikr 90]47» jgkA

� bfDoVh ij vk; 23-52» (o"kZ nj o"kZ 4-52» vadksa dklqèkkj)A

2- rqyu i=k dh {kerk esa mYys[kuh; o`f¼

� iwath ,oa vkjf{kr fuf/ 14]654 djksM+ #i;s c<+h (o"kZ nj o"kZyxHkx 19» dh o`f¼)A

� dqy dkjksckj 3]64]463 djksM+ #i;s ij igqap x;k (o"kZ nj o"kZ27-5» dh o`f¼)A

� tekjkf'k;ka 2]09]760 djksM+ #i;s gks x;h (o"kZ nj o"kZ 26-0»dh o`f¼)A

PNB 5-53.pmd 6/24/2009, 6:16 PM15

16

� Low cost deposits comprising savings and current

deposits formed 38.83 percent of total deposits.

� Advances grew by 29.5 percent to Rs.1,54,703 crore.

� Retail credit at Rs 25,012 crore constituted 16.2 percent

of the Bank’s net advances. .

� Priority Sector Credit at Rs.50,793 crore was 41.53

percent of the Adjusted Net Bank Credit (ANBC) and

continues to be above the National Goal of 40 percent.

� Agricultural credit at Rs.24,057 crore was 19.72 percent

to ANBC, as against the National Goal of 18 percent.

3. Income & Expenditure Analysis

� Total income of the Bank increased by 36.8 percent to

reach a level of Rs.22,246 crore.

� Interest Income rose by 35.5 percent to Rs.19,326

crore.

� Net Interest Income improved by 27 percent to

Rs.7,031 crore.

� Non-Interest income grew by 46.2 percent to Rs.2,920

crore, accounting for 13.12 percent of total income.

Commission, Exchange and Brokerage (CEB) increased

to Rs.1,377 crore, registering a growth of 24.4 percent.

� Operating expenses stood at Rs.4,206 crore during

2008-09, showing an increase of 19.3 percent.

� Interest Spread improved to 3.15 percent from 3.11

percent during 2007-08.

Income Expenditure Details (Rs. crore)

Particulars 2007-08 2008-09

Interest income 14265 19326

- Interest/discount on advances/bills 10439 14638

- Income on investments 3611 4410

Non-interest income 1998 2920

Total Income 16263 22246

Interest expended 8731 12295

- Interest paid on deposits 8265 11564

- Other interest expenses 466 731

Total Operating expenses 3526 4206

- Establishment expenses 2462 2924

Total Expenses 12257 16502

Operating profit 4006 5744

Provisions and contingencies 1957 2653

Net profit 2049 3091

� cpr ,oa pkyw [kkrksa ls lacaf/r de ykxr okyh tekjkf'k;ka dqy

tekjkf'k;ksa dk 38-83» jgh)A

� vfxze 29-5» c<+dj 1]54]703 djksM+ #i;s gks x,A

� [kqnjk vfxze 25]012 djksM #i;s gks x;s tks cSad ds 'kq¼ vfxzeksa

dk 16-2» çfr'kr FkkA

� çkFkfedrk {ks=k ds ½.k lek;ksftr 'kq¼ cSad ½.k (,,uchlh)

dk 41-53» ds lkFk 50]793 djksM+ #i;s gks x;k rFkk ;g 40»

ds jk"Vªh; y{; ls Åij jgkA

� 18» ds jk"Vªh; y{; ds çfr 24057 djksM+ ds Ñf"k ½.k

,,uchlh dk 19-72» FksA

3- vk; ,oa O;; fo'ys"k.k

� cSad dh dqy vk; 36-8» o`f¼ ds lkFk 22]246 djksM+ #i;s ds

Lrj rd igqap xbZA

� C;kt vk; 35-5» o`f¼ ds lkFk 19]326 djksM+ #i;s gks xbZA

� 'kq¼ C;kt vk; esa 27» dk lq/kj gqvk rFkk ;g 7]031 djksM+

#i;s gks xbZA

� xS+j&C;kt vk; 46-2» c<+dj 2]920 djksM+ #i;s gks xbZ tks dqy

vk; dk 13-12» gSA deh'ku] fofue; rFkk czksdjst (lhbZch)

c<+dj 1]377 djksM+ #i;s gks xbZ tks 24-4» dh o`f¼ n'kkZrk gSA

� o"kZ 2008&09 ds nkSjku ifjpkyuxr O;; 4]206 djksM+ #i;s gq,

tks 19-3 izfr'kr dh o`f¼ dks n'kkZrk gSA

� o"kZ 2007&08 ds nkSjku C;kt LizSM lq/jdj 3-11» ls 3]15» gks

x;kA

vk;&O;; fooj.k (#i;s djksM+ esa)

fooj.k 2007-08 2008-09

C;kt vk; 14265 19326

- vfxzeksa@fcyksa ij C;kt@cV~Vk 10439 14638

- fuos'kksa ij vk; 3611 4410

xSj&C;kt vk; 1998 2920

dqy vk; 16263 22246

C;kt [kpZ 8731 12295

-tekjkf'k;ksa ij vnk C;kt 8265 11564

-vU; C;kt [kpZs 466 731

dqy ifjpkyuxr [kpZs 3526 4206

-LFkkiuk [kpZs 2462 2924

dqy O;; 12257 16502

ifjpkyuxr ykHk 4006 5744çko/kku ,oa çklafxd [kpZs 1957 2653

'kq¼ ykHk 2049 3091

PNB 5-53.pmd 6/24/2009, 6:16 PM16

17

4. Profit Analysis

� Operating profit of the Bank rose by 43.4 percent to Rs.5,744

crore.

� Provisions made at Rs.2,653 crore were higher as compared

to Rs.1,957 crore made during the last year.

� Net profit grew by 50.9 percent to Rs.3,091 crore.

5. Key Ratios

(per cent)

Particulars 2007-08 2008-09

Average cost of funds 4.90 5.51

Average yield on funds 8.01 8.67

Return on Equity 19.00 23.52

Net Interest Margin 3.58 3.62

Return on Assets 1.15 1.39

Staff expenses to AWF* 1.38 1.31

Operating profit to AWF* 2.25 2.58

Earning per share (Rs) 64.98 98.03

Book value per share (Rs) 341.98 416.74

* Average Working Funds.

6. Dividend

� The Board of Directors has recommended a Dividend

of 200 percent for the year 2008-09.

7. Changes in Board of Directors

During the year 2008-09, the following changes took place

in the composition of Board of Directors :-

� Shri M.V. Tanksale took over as Executive Director on

26.3.09.

� Shri Nagesh Pydah took over as Executive Director on

26.3.09

� Mrs Ravneet Kaur was appointed as Director

representing Govt. of India on 10.6.08 (in place of Shri

Rakesh Singh).

� Shri Vinod Kumar Mishra was appointed as Director

on 05.12.08 under section 9(3)(h) of the Banking

Companies (Acquisition and Transfer of Undertaking)

Act, 1970.

� Shri D.K.Singla, Shri T.N. Chaturvedi and Shri G.R.

Sundaravadivel have been elected as Directors, w.e.f.

27.12.08, representing Shareholders under clause

9(3)(i) of the Banking Companies (Acquisition and

Transfer of Undertaking) Act.

� Shri Prakash Agarwal and Dr. Harsh Mahajan ceased

to be Directors on 12.12.08.

4. ykHk fo'ys"k.k

� cSad dk ifjpkyuxr ykHk 43-4» c<+dj 5]744 djksM+ #i;sgks x;kA

� 2]653 djksM+ #i;s ds çko/ku fd, x, tks fiNys o"kZ ds nkSjku1]957 djksM+ #i;s dh rqyuk esa vf/d FksA

� 'kq¼ ykHk 50-9» c<+dj 3]091 djksM+ #i;s gks x;kA

5- çeq[k vuqikr(çfr'kr)

fooj.k 2007-08 2008-09

fuf/;ksa dh vkSlr ykxr 4-90 5-51

fuf/;ksa ij vkSlr çfriQy 8-01 8-67

bfDoVh ij ykHk 19-0 23-52

'kq¼ C;kt ekftZu 3-58 3-62

vkfLr;ksa ij ykHk 1-15 1-39

vkS-dk-fu ds fy, LVkiQ laca/h [kpZs* 1-38 1-31

dk;Z'khy fuf/;ksa ds fy, ifjpkyuxr ykHk* 2-25 2-58

çfr 'ks;j vtZu (#i;s) 64-98 98-03

çfr 'ks;j cgh ewY; (#i;s) 341-98 416-74

* vkSlr dk;Z'khy fuf/;k¡

6- ykHkka'k

� funs'kd eaMy us o"kZ 2008&09 ds fy, 200» ykHkka'k dhfliQkfj'k dh gSA

7- funs'kd eaMy esa ifjorZu

o"kZ 2008&09 ds nkSjku funs'kd eaMy lajpuk esa fuEufyf[krifjorZu gq,A

� Jh ,e-oh- Vk¡dlkys us fnukad 26-03-09 dks dk;Zdkjh funs'kdds :i esa dk;ZHkkj laHkkykA

� Jh ukxs'k iSM+k us fnukad 26-03-09 dks dk;Zdkjh funs'kd ds:i esa dk;ZHkkj laHkkyk A

� Jherh jouhr dkSj fnukad 10-06-08 dks Hkkjr ljdkj dhçfrfuf/ ds :i esa funs'kd fu;qDr gqb± (Jh jkds'k flag dsLFkku ij)A

� Jh fouksn dqekj feJk fnukad 05-12-08 dks cSaddkjh daiuh

(miØeksa dk vtZu ,oa varj.k) vf/fu;e ds [kaM 9(3)

(,p) ds varxZr funs'kd fu;qDr gq,A

� Jh Mh-ds- flaxyk] Jh Vh-,u- prqoZsnh rFkk Jh th-vkj- lqanjoMhosy

fnukad 27-12-08 dks cSaddkjh daiuh (miØeksa dk vtZu ,oa

varj.k) vf/fu;e ds [kaM 9(3) (vkbZ) ds varxZr funs'kd

ds :i esa pqus x,A

� Jh çdk'k vxzoky vkSj MkW- g"kZ egktu dk fnukad12-12-08 dks funs'kd ds :i esa dk;Zdky lekIr gqvkA

PNB 5-53.pmd 6/24/2009, 6:16 PM17

18

� Shri K. Raghuraman ceased to be Executive Director

on attaining the age of superannuation on 30.9.08.

� Shri J.M.Garg ceased to be Executive Director on his

elevation as Chairman & Managing Director of

Corporation Bank on 6.11.08.

� Shri P.K.Nayar, Director representing Non Workman

ceased to be Director on attaining the age of

superannuation on 31.3.09.

The Board welcomes all the new Directors and wishes to place on

record the valuable services rendered by Shri K. Raghuraman, Shri

J.M. Garg, Shri Rakesh Singh, Shri Prakash Agarwal, Dr Harsh

Mahajan and Shri P.K. Nayar.

8. Corporate Governance

The Bank accords high priority to good Corporate Governance.

ICRA Ltd, the rating agency has reaffirmed the CGR 2 rating of the

Bank, which reflects PNB’s transparent ownership structure,

improved risk management practices, well defined delegation of

powers, accountability and an elaborate audit function carried out

by both it's Inspection & Audit Division and by independent Statutory

Central Auditors. The favourable factors also include the satisfactory

Board processes and the oversight function played by the Board.

In compliance of RBI directive regarding “fit & proper criteria" to

be fulfilled by the persons being elected as Directors on the Board

of the Nationalised Bank, the Board of the Bank has constituted a

“Nomination Committee".

Bank has complied with the guidelines of RBI and SEBI on the

matters relating to Corporate Governance which has been examined

by the Statutory Central Auditors.

9. Acknowledgments

The Board of Directors thanks the Government of India, Reserve

Bank of India and Securities & Exchange Board of India (SEBI) for

their long and sustained efforts to strengthen our safety and

soundness through a whole slew of prudential measures. The Board

of Directors also thanks the Stock Exchanges, Bank’s customers,

public in general and the shareholders for their valuable support

and trust reposed in the Bank.

The Board pays tribute to all our people whose talent, commitment,

teamwork and professionalism have contributed to the Bank’s

success and ongoing developments. The Board looks forward to

their continued dedication and co-operation in 2009-10 and

thereafter too.

For and on behalf of Board of Directors

CHAIRMAN AND MANAGING DIRECTOR

� Jh ds- j?kqjeu 30-09-08 dks vf/of"kZrk vk;q çkIr gksus dsdkj.k dk;Zdkjh funs'kd ugha jgsA

� Jh ts-,e- xxZ fnukad 06-11-08 dks dkjiksjs'ku cSad dsvè;{k ,oa çca/ funs'kd cuk, tkus ds dkj.k dk;Zdkjhfuns'kd ugha jgsA

� Jh ih-ds- uk;j] tks fd ukWu odZeSu ds çfrfuf/ funs'kdFks] 31-03-09 dks vf/of"kZrk vk;q çkIr gksus ds dkj.kfuns'kd ugha jgsA

cksMZ lHkh u, funs'kdksa dk Lokxr djrk gS vkSj ;g pkgrk gS fdJh ds- j?kqjkeu] Jh ts-,e- xxZ] Jh jkds'k flag] Jh çdk'k vxzoky]MkW- g"kZ egktu vkSj Jh ih-ds- uk;j }kjk çLrqr dh xbZ egRoiw.kZ lsokvksa dksfjdkMZ esa ntZ fd;k tk,A

8- fuxfer fu;a=k.k

cSad vPNs fuxfer fu;a=k.k dks mfpr çkFkfedrk nsrk gSA vkbZlhvkj, fy-]dj&fu/kZj.k ,tsalh us cSad dh lhthvkj 2 dh nj dh iqf"V dh gS ftlesaih,uch dh ikjn'khZ ekfydkuk ra=k] la'kksf/r tksf[ke çcaèku uhfr;ksa] 'kfDr;ksadk lqifjHkkf"kr çR;k;kstu] ftEesnkjh vkSj mlds vius fujh{k.k ,oa ys[kkijh{kk çHkkx rFkk Lora=k lkafof/d dsUæh; ys[kk ijh{kdksa] nksuksa }kjk fd;kx;k O;kid ys[kk ijh{kk dk;Z ifjyf{kr gksrk gSA vuqdwy rF;ksa esa larks"ktudcksMZ çfØ;kvksa dks 'kkfey fd;k x;k vkSj cksMZ }kjk fd, x, Hkwy&pwd dk;ZHkh fn, x,A

jk"Vªh;Ñr cSadksa ds funs'kd eaMyksa esa funs'kdksa ds :i esa p;fur fd, tkus

okys O;fDr;ksa }kjk iqjh dh tkus okyh ¶lVhd ,oa mi;qDr dlkSVh lacaèkh

Hkkjrh; fjt+oZ cSad ds funsZ'k ds vuqikyukFkZ cSad ds funs'kd eaMy us ,d

ûkekadu lfefr* xfBr dh gSA

cSad us fuxfer fu;a=k.k ls lacaf/r Hkkjrh; fjt+oZ cSad o lsch ds ekxZfunZs'kksa

dk vuqikyu fd;k gS rFkk bls lkafof/d dsUæh; ys[kk ijh{kdksa us tkapk gSA

9- vkHkkj

cSad dk funs'kd eaMy Hkkjr ljdkj] Hkkjrh; fjt+oZ cSad rFkk Hkkjrh;çfrHkwfr ,oa fofue; cksMZ (lsch) }kjk gekjs cSad dks foosdiw.kZ mik;ksa dsekè;e ls lqjf{kr rFkk lqn`<+ cukus gsrq fd, x, lqnh?kZ ,oa lrr ç;klksa dsfy, vkHkkj O;Dr djrk gSA cSad dk funs'kd eaMy 'ks;j cktkjksa] cSad dsxzkgdksa rFkk lkekU; turk o 'ks;j/kjdksa }kjk cSad dks fn, x, vewY;lg;ksx ,oa n'kkZ, x, fo'okl ds çfr Hkh vkHkkj O;Dr djrk gSA

funs'kd eaMy vius mu leLr dkfeZdksa dh Hkh ç'kalk djrk gS ftUgksausviuh dq'kyrk] çfrc¼rk] Vhe Hkkouk ,oa O;kolkf;d ;ksX;rk ls cSad dksliQyrk ,oa lrr~ fodkl çkIr djus esa ;ksxnku fn;k gSA funs'kd eaMy o"kZ2009&10 rFkk mlls vkxs Hkh muds lrr~ leiZ.k ,oa lg;ksx dh vis{kkdjrk gSA

Ñrs funs'kd eaMy

vè;{k ,oa çca/ funs'kd

PNB 5-53.pmd 6/24/2009, 6:16 PM18

19

MANAGEMENT DISCUSSION AND ANALYSIS

1. Business Environment

India has admirably fought the downward spiral of recession, which

exemplifies its resilience and fortitude. As economic distress looms

over the US, UK, Europe and Japan, IMF’s March 2009 forecasts

confirm the calamity. Global real GDP growth is projected to shrink

by 0.5 percent to 1 per cent in 2009 as against a growth rate of

3.2 percent in 2008. World Bank projects Global GDP to contract

by 1.7 per cent and OECD expects Global GDP to contract by 2.7

per cent. As per WTO projection, Global trade is expected to shrink

by 9 percent, as compared to an increase of 2 percent in 2008.

Due to the Global financial crisis, India’s economic growth, after

clocking an average annual growth rate of 8.9 percent during the

four years period of 2004-05 to 2007-08 decelerated in

2008-09. As per the revised estimates of Central Statistical

Organisation (CSO) the real GDP growth rate moderated to 6.7

percent in 2008-09, down from 9.0 percent in 2007-08. Though

the Gross Domestic Capital Formation (GDCF) and Gross Domestic

Savings (GDS) during 2007-08 stands at 39.1 percent & 37.7

percent of GDP respectively, the slowing of economic activity in

2008-09 may negatively influence both the savings and investment

rates for the year. The moderation in growth was pervasive in all

the three sectors, viz., agriculture & allied activities, industry and

services.

� As per RBI’s Macro Economic and Monetary Development

(2008-09), the pace of growth in the ‘agricultural & allied

sector’ that contributes 17.1 percent of GDP is estimated to

slow down to 2.6 percent in 2008-09 from 4.9 percent in

2007-08.

� The industrial sector, which accounts for 18.7 percent of GDP

is estimated to grow by a mere 4.2 percent as compared to

7.4 per cent in 2007-08. The slowdown has been mainly

attributed to the deceleration in the manufacturing sector,

which is estimated to grow by a nominal 4.1 percent during

2008-09, as compared to 8.2 percent last year.

� The services sector, which accounts for 64.2 percent of GDP

is slated to grow at 9.2 per cent in 2008-09, as against a

growth of 10.8 percent in 2007-08. Within the services

sector, apart from ‘community, social and personnel services’

all the segments like ‘trade, hotels, restaurants, transport,

storage & communication’; ‘financing, insurance, real estate

and business services’ and ‘construction’ are expected to grow

at lower rates as compared to last year.

� From the demand point of view, the growth in private final

consumption expenditure is expected to decline from

8.5 percent in 2007-08 to 6.8 percent in 2008-09, while the

government final consumption expenditure is expected to

rise sharply from 7.4 percent to 16.8 percent during the same

period.

Indian economy has displayed tenacious endurance and weathered

the crisis admirably, in sharp contrast to its international

counterparts. The credit for this rests on the clear directives and

speedily realised policies under the jurisdiction of the Government

çcaèku fopkj&foe'kZ rFkk fo'ys"k.k1- dkjksckjh okrkoj.k

Hkkjr us eanh ds vèksxkeh pØ dk ljkguh; :i ls lkeuk fd;k gS] ftllsmldh lapkj'kfDr vkSj èS;Z çnf'kZr gksrk gSA vejhdk] xzsV fczVsu] ;wjksi rFkktkiku] vkfFkZd eanh ds nkSj ls xqtj jgs gSa vkSj varjkZ"Vªh; eqæk dks"k ds ekpZ]2009 ds iwokZuqekuksa esa bl ladV dh iqf"V dh x;h gSA o"kZ 2009 esa oSf'odokLrfod ldy ?kj sy w mRikn dh o ` f¼ e s a 0-5 çfr'kr l s1 çfr'kr dh deh ds vuqeku gSa] tcfd o"kZ 2008 esa ;g o`f¼ nj 3-2çfr'kr FkhA fo'o cSad us oSf'od ldy ?kjsyw mRikn esa 1-7 çfr'kr dh dehdk vuqeku yxk;k gS vkSj vksbZlhMh us oSf'od ldy ?kjsyw mRikn esa 2-7çfr'kr dh deh dh vis{kk dh gSA fo'o O;kikj laxBu (MCY;wVhvks) dsvuqekuksa ds vuqlkj oSf'od O;kikj esa 9 çfr'kr rd dh deh gksus dhlaHkkouk gS] tcfd blesa o"kZ 2008 esa 2 çfr'kr dh o`f¼ gqbZ FkhA

foxr 4 o"kks± vFkkZr~ 2004&05 ls 2007&08 ds nkSjku 8-9 çfr'kr dh vkSlr

okf"kZd of¼ nj gkfly djus ds i'pkr] oSf'od foÙkh; ladV ds dkj.k

foÙkh; o"kZ 2008&09 esa lkekU; of¼ esa eanh jgh gSA dsUæh; lkaf[;dh; laxBu

d s l a' k k s f èr i wo k Z u qe ku k s a d s vu ql kj ] o" k Z 2007&08 e s a

9-0 çfr'kr dh rqyuk es o"kZ 2008&09 esa okLrfod ldy ?kjsyw mRikn dh

6-7 çfr'kr dh lkekU; of¼ nj jgh gSA ;|fi o"kZ 2007&08 ds nkSjku ldy

?kjsyw iw¡th fofuekZ.k (thMhlh,iQ) rFkk ldy ?kjsyw cpr (thMh,l) dh nj

ldy ?kjsyw mRikn dk Øe'k% 39-1 çfr'kr rFkk 37-7 çfr'kr jgh] rFkkfi o"kZ

2008&09 esa vkfFkZd fØ;kdykiksa esa vk;h deh ds iQyLo:i o"kZ esa cpr

rFkk fuos'k dh njksa esa udkjkRed çHkko gks ldrk gSA leLr rhuksa {ks=kksa] uker%

Ñf"k rFkk vuq"kaxh fØ;kdykiksa] m|ksx ,oa lsok {ks=k esa O;kid of¼ gqbZ gSA

� Hkkjrh; fjt+oZ cSad ds eSØks vkfFkZd ,oa ekSfæd fodkl (2008&09)ds vuqlkj] Ñf"k ,oa vuq"kaxh {ks=k* ftldk ldy ?kjsyw mRikn esa 17-1 çfr'kr ;ksxnku jgrk gS] esa o`f¼ nj o"kZ 2008&09 esa 2-6 çfr'krrd de gksus dk vuqeku yxk;k x;k gS] tks o"kZ 2007&08 esa 4-9çfr'kr FkhA

� vkS|ksfxd {ks=k ftldk ldy ?kjsyw mRikn es 18]7 çfr'kr ;ksxnku gksrkgS] esa o"kZ 2007&08 esa 7-4 çfr'kr dh of¼ dh rqyuk esa dsoy 4-2çfr'kr of¼ vkadh xbZ gSA ;g deh eq[;r% fofuekZ.k {ks=k esa vk;h dehds dkj.k gS] ftlesa foxr o"kZ esa 8-2 çfr'kr dh rqyuk esa o"kZ2008&09 esa 4-1 çfr'kr dh ekewyh of¼ dk vuqeku yxk;k x;k gSA

� lsok {ks=k] ftldk ldy ?kjsyw mRikn esa 64-2 çfr'kr ;ksxnkugksrk gS] esa o"kZ 2007&08 esa 10-8 çfr'kr dh o`f¼ dh rqyuk esao"kZ 2008&09 esa 9-2 çfr'kr o`f¼ gksus dk vuqeku gSA lsok&{ks=kds varxZr] ^lkeqnkf;d] lkekftd rFkk O;fDrxr lsok,a dksNksM+dj] Ô;olk;] gksVy] jsLrjka] ifjogu] Hk.Mkj.k rFkk lapkj*]^foÙk] chek] LFkkoj&laink rFkk dkjksckjh lsok,a* ,oa ^fofuekZ.k*tSls leLr [k.Mksa esa foxr o"kZ dh rqyuk esa de njksa ls o`f¼ gksusdk vuqeku gSA

� ekax i{k ij n`f"V Mkysa rks o"kZ 2007&08 esa gq, futh vafre miHkksDrkO;; dh o`f¼ 8-5 çfr'kr ls ?kVdj o"kZ 2008&09 esa 6-8 çfr'krgksus dk vuqeku gS] tcfd ljdkjh vafre miHkksDrk O;; esa blhvofèk ds nkSjku 7-4 çfr'kr dh o`f¼ dh rqyuk esa ;g rsth ls c<+dj16-8 çfr'kr gksus dk vuqeku gSA

Hkkjrh; vFkZO;oLFkk us vius varjkZ"Vªh; led{kks a dh rqyuk esa vVy

èkS;Z fn[kk;k gS vkSj ljkguh; :i ls ladV dk lkeuk fd;k gSA

bldk Js; Li"Vr% Hkkjr ljdkj rFkk Hkkjrh; fjt+oZ cS ad }kjk fn[kkbZ

PNB 5-53.pmd 6/24/2009, 6:16 PM19

20

of India and RBI. RBI’s policies are directed towards achieving price,

financial and exchange rate stability, income growth, employment

generation and public debt management.

The financial year 2008-09 began with inflation at close to

8 percent. By the first week of August, it had risen to a level of

12.9 percent and it continued to be over 12 percent in September.

The rising trend of inflation during the first half of the FY

2008-09 was mainly driven by hardening of international prices of

crude oil, mineral and metal related products. However, with the

gradual decline in prices of petroleum, basic metals, oilseeds, edible

oils and oil cakes, there was sharp fall in the inflation rate to 0.26

per cent as at end-March 2009. While the first half of 2008-09

warranted an adjustment of aggregate demand on an economy

wide basis, the sharp fall in inflation in the second half facilitated

aggressive monetary easing, aimed at stemming the economic

slowdown and facilitating economic growth.

India’s external sector has also been facing downside risks

emanating from slowdown in global demand and credit market

shocks. Merchandise exports, which were buoyant till August

2008 decelerated in September 2008 and thereafter registered

continuous negative growth till March 2009. This continual fall

in exports can be mainly attributed to the devastating impact of

global economic slowdown. As a result, merchandise exports for

the period 2008-09, in US $, grew at a lower rate of 2.4 percent

as compared to 28.9 percent during the corresponding period

last year. During 2008-09, imports recorded a lower growth of

12.9 percent against the growth of 35.4 percent during the

corresponding period last year. Meanwhile oil imports grew by

14.0 per cent and non-oil imports grew by 12.4 per cent. Thus,

the trade deficit at US $ 117.1 bn during 2008-09 recorded an

increase of 32.3 percent over the same period last year. Foreign

exchange reserves at US $ 252 bn as at the end of March 2009

has registered a decline of around US $ 57 bn over the end-

March 2008 level.

During 2008-09, there was significant intra-year variation in the

exchange rate of rupee, which had generally depreciated against

major currencies except pound sterling on account of widening

trade and current account deficits as well as capital outflows. The

Indian rupee as on April 17, 2008 stood at Rs 49.71 per US dollar.

2. Banking Developments

Overall moderation in real sector activity was reflected in banking

developments too. The deterioration in the global financial condition

since September 2008 and the halting of capital outflows tightened

domestic liquidity conditions. The Reserve Bank of India has taken

several proactive redressal measures to ensure comfortable liquidity

in the system.

� Since October 2008, the Cash Reserve Ratio (CRR) has

been progressively decreasing. It fell from

9.0 percent to 5.0 percent – a fall of 400 basis points.

Furthermore, the repo rate and the reverse repo rate

under Liquidity Adjustment Facility (LAF) was

progressively reduced from 9.0 percent to 4.75 percent

and from 6.0 percent to 3.25 percent, respectively.

� During 2008-09, the y-o-y growth in non food credit

of Scheduled Commercial Banks (SCBs) decelerated to

17.5 percent as at the end of March 2009 from

xbZ fn'kk rFkk uhfr;ks a es a fd;s x;s 'kh?kz ifjorZuks a dks tkrk gSA Hkkjrh;fjt+oZ cS ad dh uhfr;ks a es a ewY;] foÙkh; vkSj] fofue; nj fLFkjrk] vk;o`f¼] jkstxkj esa o`f¼ rFkk lkoZtfud ½.k dk çca/u çkIr djuk'kkfey gSaA

foÙkh; o"kZ 2008&09 ds vkjEHk esa eqækLiQhfr dh nj yxHkx 8 çfr'kr FkhA vxLr ds çFke lIrkg esa ;g 12-9 çfr'kr ds Lrj ij igqap x;h vkSjflrEcj esa Hkh ;g 12 çfr'kr ls Åij cuh jghA foÙkh; o"kZ 2008&09 dhçFke Nekgh ds nkSjku eqækLiQhfr dh c<+rh gqbZ ço`fr eq[;r% dPps rsy][kfut ,oa /krq ls lacaf/r mRiknksa ds varjkZ"Vªh; ewY;ksa esa gqbZ c<+ksrjh dsdkj.k ls jghA rFkkfi] iSVªksfy;e] vk/kjHkwr /krqvksa] fryguksa] [kk| rsyksa][kyh ds ewY;ksa esa /hjs&/hjs vkus okyh deh ds iQyLo:i] ekpZ] 2009 dsvar esa eqækLiQhfr dh nj rsth ls ?kVdj 0-26 çfr'kr gks x;hA o"kZ2008&09 dh çFke Nekgh esa vFkZO;oLFkk esa dqy ekax dks O;kid vk/kj ijlek;ksftr djuk iM+k] f}rh; Nekgh esa eqækLiQhfr esa vk;h rhoz deh dsiQyLo:i] ekSfæd fLFkfr esa lq/kj gqvk] ftlls vkfFkZd eanh dks fu;af=krdjus rFkk vkfFkZd o`f¼ ykus esa lgk;rk feyhA

Hkkjr dk fons'kh {ks=k Hkh oSf'od ekax esa eanh rFkk ½.k ckt+kj ds vk?kkrksads ifj.kker% gksus okys eanh laca/h tksf[keksa dk lkeuk dj jgk gSA O;kikfjdfu;kZr] tks fd vxLr] 2008 rd dkiQh rhoz xfr ls c<+ jgs Fks] muesaflrEcj] 2008 vkSj mlds i'pkr~ dkiQh deh vk;h rFkk ekpZ] 2009 rdbuesa yxkrkj udkjkRed o`f¼ ntZ dh x;hA fu;kZrksa esa yxkrkj ;g deheq[;r% oSf'od vkfFkZd eanh ds dkj.k jghA blds iQyLo:i] o"kZ 2008&09dh vof/ esa vejhdh MkWyj esa O;kikfjd fu;kZr esa 2-4 çfr'kr dh fuEuo`f¼ nj ntZ dh x;h] tcfd foxr o"kZ dh blh vof/ esa bldh o`f¼ nj28-9 çfr'kr FkhA o"kZ 2008&09 ds nkSjku] foxr o"kZ dh blh vof/ dhvis{kk 12-9 çfr'kr dh fuEu nj ls vk;kr gqvk tks fiNys o"kZ dh blhvof/ ds nkSjku 35-4 çfr'kr o`f¼ dh rqyuk esa FkkA blh chp rsy vk;kresa 14-0 çfr'kr rFkk xSj&rsy vk;kr esa 12-4 çfr'kr dh o`f¼ gqbZA blçdkj] o"kZ 2008&09 ds nkSjku O;kikfjd ?kkVk 117-1 fcfy;u vejhdhMkyj ds Lrj ij tk igq¡pk] tks xr o"kZ dh blh vof/ ls 32-3 çfr'kr dho`f¼ n'kkZrk gSA fons'kh eqæk dk Hk.Mkj ekpZ] 2009 ds var esa 252 fcfy;uvejhdh Mkyj jg x;k] tks fd ekpZ] 2008 ds var ds Lrj ls yxHkx 57fcfy;u vejhdh Mkyj de FkkA

o"kZ 2008&09 ds nkSjku #i;s dh fofue; nj esa o"kZ Hkj mYys[kuh; ifjorZujgk tks ikm.M LVfy±x dks NksM+dj çeq[k eqækvksa ds le{k lkekU;r% degqvk rFkk ftlds dkj.k] O;kikfjd varj dk c<+uk] pkyw [kkrs esa ?kkVk ,oaiwathxr cká çokg dk gksuk FkkA 17 vçSy] 2008 dks Hkkjrh; #i;s dk ewY;49-71 #- çfr vejhdh Mkyj ds Lrj ij FkkA

2- cSafdax fodkl

laink {ks=k dh xfrfof/;ksa dh lexz lkekU; fLFkfr cSafdax fodkl esa Hkhn`f"Vxkspj gqbZA flrEcj 2008 ls oSf'od foÙkh; fLFkfr esa fxjkoV rFkkiwathxr cká çokg esa xfrjks/ us ?kjsyw rjyrk fLFkfr;ksa dks ladqfpr dj fn;kAblds tokc esa Hkkjrh; fjt+oZ cSad us ç.kkyh esa vuqdwy rjyrk lqfuf'prdjus gsrq vusd çHkkoh dne mBk;s A

� vDVwcj] 2008 ls vkjf{kr udnh vuqikr (lhvkjvkj) esamÙkjksÙkj deh vkbZ gSA ;g 400 csfll IokbaVksa dh rhoz deh dslkFk 9-0 çfr'kr ls ?kVdj 5-0 çfr'kr gks x;h gSA bldsvfrfjDr] rjyrk lek;kstu lqfo/k (,y,,iQ) ds v/hu jsiksjsV vkSj fjolZ jsiks jsV dks rsth ls ?kVkdj Øe'k% 9-0 çfr'kr ls4-75 çfr'kr rFkk 6-0 çfr'kr ls 3-25 çfr'kr dj fn;k x;kA

� o"k Z 2008&09 ds nk Sjku vuqlwfpr okf.kfT;d cS adk s a

(,llhch) ds x Sj&[kk| ½.kk s a e s a o"kk Zu qo"k Z o ` f¼

PNB 5-53.pmd 6/24/2009, 6:16 PM20

21

23 percent at the end of March 2008. It had peaked at

29.4 percent in October 2008. This is considerably

lower than the RBI’s indicative projection of

24.0 percent.

� As per RBI’s latest Annual Policy statement - as on

February 2009, credit to real estate sector recorded

the highest y-o-y growth (61.4 percent), followed by

NBFCs (41.7 percent), industry (25.8 percent),

agriculture (21.5 percent) and housing (7.7percent).

� Credit to industry constituted 52.5 percent of the total

expansion in non food bank credit up to February 2009,

followed by agriculture (13.0 percent), real estate (8.5

percent), NBFCs (6.6 percent) and housing (4.7

percent).

� Aggregate deposits of Scheduled Commercial Banks

(SCBs) increased by 18.8 percent at the end of March

2009 as compared with 21.7 percent a year ago.

� The lower expansion in credit relative to the expansion

in deposits resulting in a decline in the incremental

credit-deposit ratio (y-o-y) of SCBs to 64.4 percent at

the end of March 2009 as against 73.6 percent a year

ago.

� As far as the interest rate scenario is concerned, interest

rates have declined across the term structure in the

money and government securities market. The monthly

average call rate during March 2009 was lower at 4.17

percent as compared with 7.37 percent in March 2008.

3. Industry Structure

At the end of March 2008, Indian banking system consisted of 170

Scheduled Commercial Banks (SCBs) including 28 Public Sector Banks

(PSBs), 23 Private Sector Banks, 28 Foreign Banks and 91 Regional

Rural Banks (RRBs). Further, at the end of December 2008, the

number of SCBs were declined to 164, of which 86 were RRBs.

PNB has established itself as a Public Sector Bank (PSB) with the

largest network of branches among nationalised banks with a

dominant franchise value. It is recognised as a provider of financial

services to retail and corporate sectors. Bank is constantly engaged

in diversification into new and innovative areas, such as insurance

and asset management. Presently, PNB works in collaboration with

LIC for selling insurance policies and has tied up with Oriental

Insurance for selling non-life policies on a referral basis. Bank has

associated with M/s SMC Global Securities Ltd. and M/s Networth

Stock Broking Ltd. to offer a unique “3 in 1 account" comprising of

Saving, Demat and Trading account. Bank also has entered into tie

ups with reputed auto companies, builders and educational

institutions with a view to encourage retail lending.

Despite the global financial turbulence and pressure on Indian

economy, PNB’s share in total net credit of SCBs increased from

5 percent as on Last Reporting Friday (LRF) of March 2008 to

5.3 percent as on LRF of March 2009. PNB’s share in the aggregate

deposits of the System increased from 5.0 percent as on LRF of

March 2008 to 5.2 percent as on LRF of March 2009.

ekpZ] 2009 ds var esa ?kVdj 17-5 çfr'kr jg xbZ] tcfd ekpZ]2008 ds var esa ;g 23 çfr'kr FkhA vDVwcj] 2008 esa ;g vius29-4 çfr'kr ds mPpre Lrj ij FkhA ;g Hkkjrh; fjt+oZ cSad ds24-0 çfr'kr ds lwpd vuqekuksa ls dkiQh de gSA

� iQjojh] 2009 dks Hkkjrh; fjt+oZ cSad ds uohure okf"kZd uhfrfooj.k ds vuqlkj] LFkkoj lEink {ks=k dks fn, x, ½.k esamPpre o"kkZuqo"kZ o`f¼ (61-4 çfr'kr) rFkk mlds i'pkr,uch,iQlh (41-7 çfr'kr)] m|ksx (25-8 çfr'kr) rFkk Ñf"k(21-5 çfr'kr) vkSj vkokl (7-7 izfr'kr) o`f¼ ntZ dh xbZA

� m|ksx dks fn, x, ½.kksa ds ekeys esa] iQjojh] 2009 rd[kk|sÙkj cSad ½.kksa esa 52-5 çfr'kr dk dqy foLrkj gqvk]ftlds i'pkr Ñf"k (13-0 çfr'kr)] LFkkoj lEink (8-5çfr'kr)] ,uch,iQlh (6-6 çfr'kr) vkSj vkokl (4-7 çfr'kr)dk ½.k foLrkj gqvkA

� vuqlwfpr okf.kfT;d cSadksa (,llhch) dh dqy tekjkf'k;ksa esaekpZ] 2009 ds var esa 18-8 çfr'kr dh o`f¼ gqbZ] tcfd ,do"kZ iwoZ blesa 21-7 çfr'kr dh o`f¼ gqbZ FkhA

� tekjkf'k;ksa esa foLrkj dh vis{kk ½.kks a esa gq, de foLrkjds iQyLo:i] vuqlwfpr okf.kfT;d cSadksa dk o`f¼'khy½.k&tek vuqikr (o"kkZuqo"kZ) ekpZ] 2009 ds var esa?kVdj 64-4 çfr'kr gks x;k] tcfd ,d o"kZ iwoZ ;g73-6 çfr'kr FkkA

� tgka rd C;kt nj ifjn`'; dk laca/ gS] eqæk rFkkljdkjh çfrHk wfr cktkj es a <k apkxr C;kt njk s a es a dehvk;h gSA ekfld vkSlr dkWy jsV ekpZ] 2008 ds 7-37çfr'kr dh rqyuk es a ekpZ] 2009 es a 4]17 çfr'kr dsfuEu Lrj ij FkkA

3- m|ksx <kapk

ekpZ] 2008 ds var esa Hkkjrh; m|ksx ç.kkyh esa dqy 170 vuqlwfpr okf.kfT;dcSad Fks] ftuesa 28 lkoZtfud {ks=k ds cSad] 23 futh {ks=k ds cSad] 28 fons'kh cSadrFkk 91 {ks=kh; xzkeh.k cSad 'kkfey FksA blds i'pkr~] fnlEcj] 2008 ds var esadqy vuqlwfpr okf.kfT;d cSadksa dh la[;k ?kVdj 164 jg x;h] ftuesa ls 86{ks=kh; xzkeh.k cSad 'kkfey gSaA

lkoZtfud {ks=k dk vxz.kh cSad gksus ds ukrs rFkk jk"Vªh;Ñr cSadksa esa lokZf/d'kk[kkvksa dk usVodZ j[kus okys cSad ds :i esa iatkc uS'kuy cSad dk viuk ,dlqn< vk/kj gSA ;g [kqnjk rFkk dkWjiksjsV {ks=kksa dks vusdkusd foÙkh; lsok,açnku djrk gSA cSad us fujarj fofo/ u, vkSj uoksUes"k {ks=k vkjEHk fd, gSa] tSlsfd chek vkSj vkfLr çca/uA orZeku esa] ih,uch us chek ikfyfl;ksa dks cspus dsfy, Hkkjrh; thou chek fuxe ds lkFk ,d le>kSrk fd;k gS vkSj blh çdkjls] mlus lanHkZ vk/kj ij xSj&chek ikfyfl;ksa ds fy, Hkh vksfj;aVy ba';ksjsaldaiuh ds lkFk le>kSrk fd;k gSA cSad us eSllZ ,l,elh Xykscy flD;ksfjVht fy-vkSj eSllZ usVodZ LVkWd czksfdax fy- ds lkFk le>kSrk fd;k gS rkfd ^3&1 [kkrs*dh vuks[kh lsok nh tk lds] ftlesa cpr] MheSV vkSj VªsfMax 'kkfey gSaA [kqnjk½.kksa dks c<+kok nsus ds fy, cSad us çfrf"Br vkWVks dEifu;ksa] fcYMjksa] 'kS{kf.kdlaLFkkuksa ds lkFk Hkh le>kSrs fd, gSaA

oSf'od foÙkh; mFky&iqFky rFkk Hkkjrh; vFkZO;oLFkk ij ncko gksus dsckotwn] vuqlwfpr okf.kfT;d cSadksa ds dqy fuoy ½.k esa iatkc uS'kuy cSaddk fuoy ½.k dk Hkkx ekpZ] 2008 ds vafre fjiksfV±x 'kqØokj ds 5 çfr'krls c<+dj ekpZ] 2009 ds vafre fjiksfV±x 'kqØokj dks 5-3 çfr'kr gks x;kAcSafdax ç.kkyh dh dqy tekjkf'k;ksa ds ekeys esa Hkh iatkc uS'kuy cSad dkHkkx ekpZ] 2008 ds vafre fjiksfV±x 'kqØokj ds 5-0 çfr'kr ls c<+dj ekpZ]2009 ds vafre fjiksfV±x 'kqØokj dks 5-2 izfr'kr gks x;k gSA

PNB 5-53.pmd 6/24/2009, 6:16 PM21

22

4. Detailed Business Overview

a) Business

Bank’s domestic business increased to Rs.3,57,891 crore

as on March 31, 2009, registering an absolute

increase of Rs.72,069 crore and a growth of

25.2 percent. After including the business of foreign

branches at Kabul and Hong Kong, Bank’s Global

Business increased by 27.5 percent to Rs.3,64,463

crore .

b) Resource Mobilisation

The share of Bank’s deposits to total resources was

84.95 percent as on 31st

March 2009. Bank’s total

deposits amounted to Rs.2,09,760 crore as on March

31, 2009, showing an absolute accretion of

Rs.43,303 crore and a growth of 26.0 percent over

previous year. The share of low cost deposits (current

+ savings) in total deposits stood at 38.83 percent.

Bank’s borrowings as on March 31, 2009 stood at

Rs 4,374 crore .

Keeping in view the varying customer requirements,

Bank proactively modified its existing deposit schemes

and restructured the service charges of its key services.

c) Credit Deployment & Delivery

The thrust of the various policy initiatives by the RBI

has been on maintaining a market environment

conducive for the continued flow of credit to productive

sectors. Bank remains committed to meet the credit

requirements of the productive sectors of the economy

in a transparent and equitable manner. As at the end

of March 2009, Bank registered a robust y-o-y 29.5

percent growth in credit. In absolute terms, Bank’s net

credit stood at Rs.1,54,703 crore at the end of March

2009, as compared to Rs.1,19,502 crore as at end of

March 2008.

Bank laid emphasis in building diversified credit portfolio

maintaining the credit quality and extended credit

support to all segments during the year. Bank’s loan to

education increased by 50.6 percent, housing by 33.6

percent, direct agriculture by 33.0 percent

and Small & Medium Enterprises (SMEs) by

30.2 percent. Retail credit constituted 16.2 percent of

the Bank’s net advances.

There has been quality improvement in credit delivery

time through leveraging the technology. Various

initiatives taken by the Bank for speedy disposal of credit

proposals include identification of more direct reporting

branches to Head Office (HO); holding of frequent

meetings of the Credit Committee/Management

Committee; strengthening of Centralised Credit

Processing Centres (CCPCs); due diligence of credit

proposals, etc.

Bank has created specialised credit delivery channels

viz. Large Corporate Branches (LCBs), Mid Corporate

Branches (MCBs), International Banking Branches,

Specialised SME Branches, Trade Finance Branches, Retail

Loan Hubs and Specialised Agriculture Finance

4- foLr`r dkjksckj dk flagkoyksdu (vksojO;w)

d) dkjksckj

31 ekpZ] 2009 dks cSad dk ?kjsyw dkjksckj c<+dj 3]57]891djksM+ #- gks x;k A bl çdkj blesa 72]069 djksM+ #- dhldy o`f¼ gqbZ rFkk o`f¼ dh nj 25-2 çfr'kr jghA dkcqyvkSj gk¡xdk¡x esa fons'kh 'kk[kkvksa ds dkjksckj dks 'kkfey djusij cSad dk oSf'od dkjksckj 27-5 çfr'kr c<+dj 3]64]463djksM+ #- jgkA

[k) lalk/u laxzg.k

31 ekpZ] 2009 dks cSad dh tekjkf'k;ksa dk Hkkx dqy lalk/uksa ds 84-95 çfr'kr FkkA 31 ekpZ] 2009 dks cSad dh dqytekjkf'k;ka 2]09]760 djksM+ #- gks x;h] ftlls buesa fiNyso"kZ dh vis{kk 43]303 djksM+ #- dh o`f¼ gqbZ vkSj o`f¼ dhnj 26-0 çfr'kr jghA cSad dh dqy tekjkf'k;ksa esa de ykxrokyh tekjkf'k;ksa (pkyw& cpr) dk çfr'kr 38-83 jgkA31 ekpZ] 2009 dks cSad ds ½.k 4]374 djksM+ #i;s FksA

xzkgdksa dh vyx&vyx vko';drkvksa dks è;ku esa j[krs gq,]cSad us ekStwnk tek ;kstukvksa esa la'kks/u fd, gSa vkSj viuhçeq[k lsokvksa ds lsok&çHkkjksa dks Hkh iqu% la'kksf/r fd;k gSA

x) ½.k dk vfHkfu;kstu ,oa forj.k

Hkkjrh; fjt+oZ cSad ds fofHkUu uhfr laca/h igyksa esa mRikn {ks=kksadks ½.k ds fujarj çokg gsrq lgk;d cktkj okrkoj.k cuk,j[kus ij cy nsuk gSA cSad vFkZO;LFkk ds mRikn {ks=ksa dhokLrfod ½.k vko';drkvksa dks ikjn'khZ vkSj leku rjhdsls iwjk djus gsrq çfrc¼ gSaA cSad us ekpZ] 2009 ds var esa½.kksa ds ekeys esa o"kkZuqo"kZ 29-5 çfr'kr dh larqfyr o`f¼ ntZdhA cSad dk fuoy ½.k ekpZ] 2009 ds var esa 1]54]703djksM+ #- jgk] tcfd ekpZ] 2008 ds var esa ;g 1]19]502djksM+ #i;k FkkA

cSad us o"kZ ds nkSjku ½.k dh xq.koÙkk cuk, j[krs gq, fofo/

½.k iksVZiQksfy;ks cukus ij cy fn;k gS vkSj leLr [kaMksa dks

½.k lgk;rk çnku dh gSA cSad ds f'k{kk ½.k esa 50-6 çfr'kr]

vkokl esa 33-6 çfr'kr] çR;{k Ñf"k esa 33-0 çfr'kr] y?kq ,oa

eè;e m|e (,l,ebZ) esa 30-2 çfr'kr dh o`f¼ gqbZA cSad ds

fuoy vfxzeksa esa fjVsy ½.k dk Hkkx 16-2 çfr'kr jgk gSA

çkS|ksfxdh dks ljy cukus ls ½.k forj.k le; dh xq.koÙkk esa

dkiQh lq/kj gqvk gS A ½.k çLrkoksa ds rsth ls fuiVku gsrq cSad

us vusd igy dh gSa] ftuesa ½.k laca/h ekeyksa esa çèkku

dk;kZy; dks lh?kss fjiksVZ djus okyh vf/d 'kk[kkvksa dk irk

yxkuk, ½.k lfefr@çca/u lfefr dh de varjky ij cSBdsa

djuk] dsUæhÑr ½.k lalk/u dsUæksa (lhlhihlh) dks lqn`<+

djuk rFkk ½.k çLrkoksa ij i;kZIr è;ku nsuk vkfn 'kkfey gSaA

cSad us fo'ks"khÑr ½.k forj.k pSuyksa uker% cgqr cM+h fuxfer'kk[kkvksa (,ylhch)] eè;e fuxfer 'kk[kk,¡ (,elhch)-varjkZ"Vªh; cSafdax 'kk[kkvksa] fo'ks"khÑr ,l,ebZ 'kk[kkvksa]O;kolkf;d foÙk 'kk[kkvksa] iQqVdj ½.k gc rFkk fo'ks"khÑrÑf"k foÙk 'kk[kkvksa dk l`tu fd;k gSA ,slh 7 cgqr cM+h

PNB 5-53.pmd 6/24/2009, 6:16 PM22

23

branches. There are 7 LCBs and 10 MCBs which are

operating through a relationship management concept

and cater to credit needs of corporate clients. Further,

steps have been taken for opening of new LCBs/MCBs.

Bank has also been co-opted as nodal agency for

(i) Technology Up-gradation Funds Scheme (TUFS) of

Ministry of Textile, Govt. of India and (ii) Scheme for

extending financial assistance to Sugar Undertakings,

as per Govt. of india notification dated 7.12.07. A

special cell is functioning at Head Office to facilitate

speedy processing of claim cases under the aforesaid

schemes.

d) Stressed Assets

i) NPA Management

Bank has set up specialised branches, known as Asset

Recovery Management Branches (ARMBs) and specialised

cells known as Special Asset Recovery Cells (SARCs) which

function exclusively for resolving NPAs. As on 31.3.09,

12 ARMBs and 50 SARCs were functional.

In all Non-Performing Assets (NPAs), account-specific

resolution strategies were implemented and progress

was monitored regularly. Total cash recoveries in NPA

accounts amounted to Rs 1,368.71 crore.

Special thrust was given on upgradation of NPAs to

performing category. Accounts with aggregate

outstanding of Rs 448.21 crore were upgraded to

standard category. Compromise/negotiated settlement

was adopted as another vital strategy to tackle NPAs.

As a result, 15,266 NPAs amounting to Rs 241.13 crore

were resolved through negotiated settlement.

Bank has initiated action under SARFAESI Act in majority

of all eligible NPAs. During the year, Bank issued demand

notices in 3,636 NPAs amounting to Rs. 523.51 crore.

These actions resulted in recovery in 2,091 accounts

amounting to Rs.289.38 crore. Besides, 31 NPAs

amounting to Rs.111.28 crore have been resolved

through sale to ARCs as per RBI guidelines. During the

year 2008-09, Bank recovered Rs. 82.87 crore out of

the accounts written off during the previous years.

Ratio of Gross NPAs to Gross Advances of the Bank

came down to 1.77 percent as on March 31, 2009

from 2.74 percent, as on March 31, 2008. The ratio

of Net NPAs to Net Advances came down to

0.17 percent as on March 31, 2009 from 0.64 percent

as on March 31, 2008.

ii) Industrial Rehabilitation

Bank continued its efforts towards rehabilitation of

potentially viable sick units under BIFR reference, either

by debt restructuring or through one-time-settlement,

wherever found feasible. Bank has been assigned the

role of ‘Operating Agency’ of BIFR in a number of cases.

During 2008-09, Draft Rehabilitation Schemes (DRS)

were formulated by the Bank as ‘Operating Agency’ of

BIFR in 6 accounts. Bank has also implemented

rehabilitation package in 5 cases sanctioned by BIFR

fuxfer 'kk[kk,a rFkk 10 eè;e fuxfer 'kk[kk,a gSa tks lEiUuçca/u vk/kj ij dk;Z djrs gq, dkjiksjsV xzkgdksa dhvko';drkvksa dh iwfrZ djrh gSaA blds vfrfjDr] ubZ cgqrcM+h fuxfer 'kk[kkvksa@eè;e fuxfer 'kk[kkvksa dks [kksyus gsrqdkjZokbZ dh tk jgh gSA

Hkkjr ljdkj dh fnukad 07-12-2007 dh vf/lwpuk ds vuqlkj]cSad dks (i) oL=k ea=kky;] Hkkjr ljdkj ds çkS|ksfxdh mUu;udks"k ;kstuk (Vh;w,iQ,l) (ii) phuh miØeksa dks foÙkh; lgk;rkçnku djus laca/h ;kstuk ds fy, dsUæLFk çkf/dj.k (uksMy,tsalh) ds :i esa lg;ksftr fd;k x;k gSA mi;qZDr ;kstukvksa dsv/hu nkok ekeyksa dh rsth ls dkjZokbZ djus gsrq ç/ku dk;kZy;Lrj ij ,d fo'ks"k d{k dk;Z dj jgk gSA

?k) nckoxzLr vkfLr;ka

i) vutZd vkfLr çca/u

cSad us vkfLr olwyh çca/u 'kk[kk,a (,vkj,ech) vkSj fo'ks"kvkfLr olwyh d{k (,l,vkjlh) LFkkfir fd, gSa tks dsoyvutZd vkfLr;ksa ds fujkdj.k gsrq dk;Z djrs gSa A 31-03-09dks 12 vkfLr olwyh çcU/u 'kk[kk,a vkSj 50 fo'ks"k vkfLrolwyh d{k dk;Z dj jgs gSaA

leLr vutZd vkfLr;ksa ds laca/ esa [kkrk&fof'k"V lek/kudk;Zuhfr;ksa dks dk;kZfUor fd;k x;k vkSj çxfr dh ekfuVfjaxfu;fer :i ls dh xbZA ,uih, [kkrksa esa 1368]71 djksM+ #- dhdqy udn olwyh dh xbZA

vutZd vkfLr;ksa dks vtZd Js.kh esa ykus ij fo'ks"k cy fn;kx;kA 448-21 djksM+ #- ds ldy cdk;k okys [kkrksa dksekud Js.kh esa yk;k x;kA vutZd vkfLr ds fuiVku gsrqle>kSrk@ckrphr dk jkLrk viuk;k x;kA ifj.kkeLo:i ckrphrle>kSrs ds }kjk 241]13 djksM+ #- ds 15266 ,uih, [kkrksa dkfuiVku fd;k x;kA

cSad us vf/drj lHkh ik=k vutZd vkfLr [kkrksa esa ljiQslhvfèkfu;e ds varxZr dkjZokbZ dhA cSad us o"kZ ds nkSjku 3636vutZd vkfLr;ksa ds laca/ esa 523]51 djksM+ #- dh olwyh gsrq ekaxi=k tkjh fd,A blds iQyLo:i] 2091 [kkrksa esa 289]38 djksM+ #-dh olwyh dh xbZA blds vfrfjDr] Hkkjrh; fjt+oZ cSad }kjk tkjhekxZfunZs'kksa ds vuqlkj] 111-28 djksM+ #- ds 31 ,uih, [kkrs,vkjlh dks fcØh ls fuiVk, x,A blds vfrfjDr] cSad us xr o"kZcV~Vs [kkrs esa Mkys x, [kkrksa esa o"kZ 2008&09 ds nkSjku 82-87 djksM+#- dh olwyh djus esa liQyrk gkfly dhA

ldy vfxzeksa ds eqdkcys ldy vutZd vkfLr;ksa dk vuqikr31 ekpZ] 2009 dks ?kVdj 1-77 çfr'kr gks x;k] tcfd 31ekpZ] 2008 dks ;g 2]74 çfr'kr FkkA bl çdkj ls 'kq¼ vfxzeksads eqdkcys 'kq¼ vutZd vkfLr;ksa dk vuqikr tks 31 ekpZ]2008 dks 0-64 çfr'kr Fkk] tks 31 ekpZ] 2009 dks ?kVdj0-17 izfr'kr gks x;kA

ii) vkS|ksfxd iqu%LFkkiuk

cSad us vkS|ksfxd vkSj foÙkh; iqufuZekZ.k cksMZ ds lanHkkZ/hulaHkkO; O;ogk;Zrk okyh #X.k bdkb;ksa dh iqu%LFkkiuk ds ç;kltkjh j[ks] og pkgs iqu%lajpuk ds tfj, gks ;k ,deq'r fuiVkjsds tfj,- tgka dgha Hkh bls O;kogkfjd ik;k x;kA vkS|ksfxdvkSj foÙkh; iqufuZekZ.k cksMZ }kjk cSad dks dbZ ekeyksa esa^vkWijsfVax ,tsalh* cuk;k x;k gSA cSad us o"kZ 2008&09 dsnkSjku 6 [kkrksa esa chvkbZ,iQvkj dh ^vkWijsfVax ,tsalh* ds :i esaMªkÝV iqu%LFkkiuk ;kstuk (Mhvkj,l) dk fuekZ.k fd;k gS A o"kZ2008&09 ds nkSjku] cSad us vkS|ksfxd vkSj foÙkh; iqufuZekZ.k cksMZ

PNB 5-53.pmd 6/24/2009, 6:16 PM23

24

during 2008-09, by extending relief and concessions as

part of the package.

iii) Corporate Debt Restructuring

Due to the current down turn in the Global economy,

9 accounts with outstanding of Rs.352.56 crore have

been restructured during 2008-09 in terms of the

restructuring package approved by the CDR. During

the year, one account has exited from CDR on account

of improved financial performance.

iv) Debt Restructuring Mechanism for Small &

Medium Enterprises

The RBI introduced a scheme of Debt Restructuring

Mechanism for Small & Medium Enterprises (DRM for

SMEs) on the lines of CDR in the year 2005-06. Due

to recent economic slowdown restructuring of accounts

under the scheme has increased substantially. During

the year, Bank has restructured 1,237 accounts under

the scheme with the aggregate outstanding of Rs.

658.10 crore.

v) Restructuring – Others

Bank has also put in place a transparent mechanism

for restructuring of debts of potentially viable units,

which are facing temporary problems due to factors

beyond their control. During 2008-09, 11,412 accounts

involving Rs 3,064.02 crore were extended the facility

of restructuring.

5. Segment-wise Performance

A) Priority Sector

Bank continued to achieve the National Goals under

Priority Sector (PS). Bank’s PS advances increased to

Rs 50,793 crore as on March 31, 2009, registering an

absolute increase of Rs 7,381 crore. Ratio of PS

advances to Adjusted Net Bank Credit (ANBC) at 41.53

percent continued to be above the National Goal of 40

percent.

Priority Sector Credit

(Rs. crore)

March 2008 March 2009

Priority Sector Credit 43412 50793

(44.11) (41.53)

Of which:

(a) Agriculture Sector 19947 24057

(18.94) (19.72)

- Direct 14213 18908

- Indirect 5734 5149

(b) Small Enterprises 12268 16046

(c) Others 11197 10690

Credit to Weaker Section 11403 13509

(11.59) ( 11.19 )

Credit to Women beneficiaries 5209 6085

(5.29) ( 5.04 )

Note: Figures in the bracket are percentage to Adjusted Net Bank Credit

(ANBC) and are calculated based as on LRF data.

(ckbZiQj) }kjk LohÑr 5 ekeyksa esa iSdst ds fgLls ds :i esa jkgrvkSj fj;k;rsa iznku djds iqu%LFkkiuk iSdst dks Hkh dk;kZfUor fd;k gSaA

iii) fuxfer ½.k iqu%lajpuk

oSf'od vFkZO;oLFkk esa orZeku eanh ds dkj.k lhMhvkj }kjkvuqeksfnr iqu% lajpuk iSdst ds vuqlkj o"kZ 2008&09 dsnkSjku yxHkx 352-56 djksM+ #- dh cdk;k jkf'k okys 9 [kkrksadh iqu% lajpuk dh xbZA foÙkh; dk;Zfu"iknu esa lq/kj dsiQyLo:i] o"kZ ds nkSjku ,d [kkrk lhMhvkj ls ckgj gks x;kA

iv) y?kq ,oa eè;e m|fe;ksa ds fy, ½.k iqu%lajpuk ra=k

Hkkjrh; fjt+oZ cSad us o"kZ 2005&06 esa lhMhvkj dh rjg y?kq,oa eè;e m|eksa gsrq ½.k iqu%ljapuk ra=k dh ;kstuk vkjEHk

dh FkhA gky gh esa vkbZ vkfFkZd eanh ds iQyLo:i] ;kstuk ds

v/hu [kkrksa dh iqu%ljapuk esa dkiQh o`f¼ gqbZ gSA cSad us o"kZds nkSjku] bl ;kstuk ds varxZr 658-10 djksM+ #- dh ldy

cdk;k jkf'k okys 1237 [kkrksa dh iqu%lajpuk dh gSA

v) iqu%lajpuk&vU;

cSad us laHkkO; vFkZ{ke bdkb;ksa] tks vius fu;a=k.k ls ckgj dsrF;ksa ds dkj.k vLFkk;h dfBukb;ksa dk lkeuk dj jgh gSa] dsfy, ½.k iqu%lajpuk gsrq ,d ikjn'khZ ra=k dks Hkh fØ;kfUorfd;k gSA o"kZ 2008&09 ds nkSjku] 3064]02 djksM+ #- dhcdk;k jkf'k okys 11412 [kkrksa dks iqu%lajpuk dh lqfo/kçnku dh xbZA

5- [k.Mokj dk;Zfu"iknu

d) çkFkfedrk {ks=k

cSad us çkFkfedrk {ks=k ds varxZr] jk"Vªh; y{; dks çkIr djuktkjh j[kkA cSad ds çkFkfedrk {ks=k vfxze 31 ekpZ] 2009 dksc<+dj 50]793 djksM+ #- gks x;s] buesa 7381 djksM+ #] dho`f¼ ntZ dh xbZA leaftr 'kq¼ cSad ½.kksa (,,uchlh) lsçkFkfedrk {ks=k ds vfxzeksa dk vuqikr 41-53 çfr'kr jgk] tks40 çfr'kr ds jk"Vªh; y{; ls vf/d jgkA

çkFkfedrk {ks=k ½.k

(#- djksM+ esa)

ekpZ] 2008 ekpZ] 2009

çkFkfedrk {ks=k ½.k 43412 50793

(44.11) (41.53)

buesa ls(d) Ñf"k {ks=k 19947 24057

(18.94) (19.72)

& çR;{k 14213 18908

& vçR;{k 5734 5149

([k) y?kq m|e 12268 16046

(x) vU; 11197 10690

detksj oxks± dks ½.k 11403 13509

(11.59) ( 11.19 )

efgyk ykHkkfFkZ;ksa dks ½.k 5209 6085

(5.29) ( 5.04 )

uksV % dks"Bd esa fn, x, vkadM+sa leaftr 'k¼ cSad ½.k (,,uchlh) dkçfr'kr gSa vkSj ;s ,yvkj,iQ MkVk ds vk/kj ij ifjdfyr gSaA

PNB 5-53.pmd 6/24/2009, 6:16 PM24

25

A.1 Credit to Agriculture

Credit to agricultural sector increased to Rs 24,057 crore as on

March 31, 2009 recording a y-o-y growth of 20.6 percent

and accounting for 19.72 percent of ANBC, higher than the

National Goal of 18 percent. Direct agriculture advances of

the Bank have shown a robust growth of 33 percent. Bank has

issued 4.46 lakh Kisan Credit Cards (KCCs) during

2008-09, taking the cumulative number of KCCs issued to

28.3 lakh since its inception. During 2008-09, Bank disbursed

Rs.15,257 crore under Special Agricultural Credit Plan.

During 2008-09, Bank has launched a scheme for financing

Micro Finance Institutions (MFIs)/Non Banking Finance

Companies (NBFCs) for onward lending to individuals/Self

Help Groups (SHGs). For financing farmers for repayment of

debt to informal sources, Bank has formulated a scheme,

called PNB Krishak Saathi. Bank has also entered into a tie-

up arrangement with National Bulk Handling Corporation for

financing farmers, processors, traders against pledge of

warehouse receipts.

Under the KCC scheme, Bank has enhanced the maximum

limit to Rs 20 lakh from the existing Rs 10 lakh in 2 States,

namely Punjab & Haryana and in 3 districts of Rajasthan. A

simplified procedure has also been introduced for crop loans

to landless labourers/share croppers/ tenant farmers/oral

lessees on the basis of an affidavit giving details of land

tilled/crops grown for loan upto Rs.50,000. In addition, the

furnishing of documents towards land ownership has been

relaxed under KCC scheme for limits upto Rs.50,000.

The limit of loan to farmers without collateral security has

been increased from Rs.50,000 to Rs 1 lakh. Requirement

of obtaining No Dues Certificate/ Affidavit has been

dispensed with for agriculture loan upto Rs. 1 lakh for all

farmers, against the existing limit of Rs.50,000 for small &

marginal farmers, share croppers etc.

Besides, meeting the credit related requirements of farm

sector, Bank has implemented the RBI’s guidelines for

providing relief and rehabilitation assistance to farmers

engaged in poultry business in the areas affected by Avian

Influenza. Short-term production credit was provided to

farmers at 7 percent rate of interest with a 3 percent

subvention support from RBI. Further, special emphasis has

been given by the Bank to bring oral lessees, tenant farmers

and share croppers into Bank’s fold by encouraging formation

of Joint Liability Groups.

Bank has laid stress on marketing/dissemination of useful

information to the rural community by organising Kisan

Goshthies and formation of Farmers’ Club. During

2008-09, Bank has conducted 5,431 Kisan Goshthies

(wherein 2.80 lakh farmers participated) and 1,605 Farmers'

Clubs were formed. Bank has also formed 774 Tenant Farmers’

Groups.

During 2008-09, Bank has financed Rs 51.09 crore to 15,109

farmers for repaying the debt taken from private money

lenders. Further, 3,941 farmers’ accounts have been settled

under OTS Scheme.

d-1 Ñf"k ½.k

Ñf"k {ks=k dks fn, tkus okys ½.k 31 ekpZ] 2009 esa c<+dj 24]057djksM+ #- gks x,] ftlesa o"kkZuqo"kZ 20-6 çfr'kr dh o`f¼ ntZ dh x;hvkSj tks leaftr 'kq¼ cSad ½.kksa dk 19-72 çfr'kr jgk vkSj tks 18çfr'kr ds jk"Vªh; y{; ls vf/d gSA cSad ds çR;{k Ñf"k vfxzeksa esa33 çfr'kr dh mYys[kuh; o`f¼ gqbZA o"kZ 2008&09 ds nkSjku] cSad us4-46 yk[k fdlku ØsfMV dkMZ tkjh fd;s] bl çdkj çkjEHk ls vcrd tkjh fd, x, fdlku ØsfMV dkMks ± dh lap;h la[;k28-3 yk[k gks xbZ gSA o"kZ 2008&09 ds nkSjku] cSad us fo'ks"k Ñf"k½.k;kstuk ds varxZr 15]257 djksM+ #i;s ds ½.k forfjr fd,A

cSad us o"kZ 2008&09 esa lw{e foÙk laLFkkuksa (,e,iQvkbZ)@xSj&cSafdaxfoÙk daifu;ksa (,uch,iQlh) dks foÙk çnku djus gsrq ,d ;kstukvkjEHk dh] rkfd os vkxs O;fDr;ksa@Lo;a lgk;rk lewgksa dks ½.kçnku dj ldsaA cSad us Ñ"kdksa dks vukSipkfjd lzksrksa ls fy, x,½.kksa dh pqdkSrh ds fy, foÙk çnku djus ds mís'; ls ih,uchÑ"kd lkFkh uked ,d ;kstuk rS;kj dh gSA cSad us Ñ"kdksa] lalk/dksa] O;kikfj;ksa dks ekyxksnke jlhnksa dh fxjoh ij foÙk çnku djusgsrq uS'kuy cYd gS.Mfyax fuxe ds lkFk ,d le>kSrs ij gLrk{kjfd, gSaA

cSad us Ñf"k ØsfMV dkMZ ;kstuk ds varxZr nks jkT;ksa uker% iatkc vkSjgfj;k.kk rFkk jktLFkku ds 3 ftyksa esa fo|eku vf/dre 10 yk[k #-dh lhek dks c<+kdj 20 yk[k #- dj fn;k gSA Hkwfeghu Jfedksa@cVkbZnkjksa@dk'rdkjksa@ekSf[kd iV~Vk/kjdksa dks gyiQukek] ftlesa tksrh x;h Hkwfe@mithiQly vkfn ds C;kSjs fn, gksa, ds vk/kj ij 50]000 #- rd ds iQlyh½.k nsus gsrq vklku i¼fr viukbZ xbZ gSA blds vfrfjDr] 50]000 #-rd dh lhek gsrq fdlku ØsfMV dkMZ ;kstuk ds varxZr Hkwfe&LokfeRolaca/h nLrkost+ çLrqr djus dh ;kstuk esa f<ykbZ nh xbZ gSA

fcuk laikf'oZd çfrHkwfr ds Ñ"kdksa dks ½.k nsus dh lhek 50]000 #i;s

ls c<+kdj 1 yk[k #i;s rd dj nh x;h gSA NksVs rFkk lhekar Ñ"kdksa

caVkbZnkjksa vkfn ds fy, fo|eku 50]000 #- dh lhek ds LFkku ij

leLr Ñ"kdksa gsrq 1 yk[k :i, ds Ñf"k ½.kksa ds ekeys esa csckdh

çek.ki=k@gyiQukek nsus laca/h vis{kk dks lekIr dj fn;k x;k gSA

cSad us Ñf"k {ks=k dh ½.k laca/h vko';drkvksa dks iwjk djus dsvfrfjDr] ,fo,u bUÝyw,atk ls çHkkfor {ks=kksa esa eqxhZikyu dkjksckjesa yxs Ñ"kdksa dks jkgr rFkk iquLFkkZiuk lgk;rk nsus gsrq] Hkkjrh;fjt+oZ cSad ds fn'kk&funZs'kksa dks fØ;kfUor fd;k gSA Ñ"kdksa dksHkkjrh; fjt+oZ cSad ls 3 çfr'kr vuqnku lgk;rk ds lkFk] 7 çfr'krC;kt nj ij y?kq vof/ ds mRiknu ½.k çnku fd, x, A bldsvfrfjDr] la;qDr ns;rk lewgksa ds xBu dks c<+kok nsdj ekSf[kdiV~Vk/kjdksa] dk'rdkjksa rFkk cVkbZnkjksa dks cSad ds dk;Z{ks=k esa ykusij fo'ks"k tksj fn;k x;k gSA

cSad us fdlku xksf"B;ksa dk vk;kstu djds rFkk fdlku Dycksa dk

xBu djds xzkeh.k leqnk; dks foi.ku@mi;ksxh lwpuk miyC/ djkus

ij fo'ks"k è;ku fn;k gSA cSad us o"kZ 2008&09 esa 5431 fdlkuxksf"B;k¡ vk;ksftr dha] ftuesa 2-80 yk[k fdlkuksa us Hkkx fy;k rFkk

1605 fdlku Dyc LFkkfir fd,A cSad us o"kZ 2008&09 ds nkSjku

774 dk'rdkj fdlku xzqiksa dk xBu fd;kA

cSad us o"kZ 2008&09 ds nkSjku 15109 fdlkuksa dks futh lkgwdkjksa lsfy, x, ½.kksa dh okilh gsrq 51]09 djksM+ #- dk foÙk çnku fd;kAblds vfrfjDr] 3941 fdlku [kkrksa dk vksVh,l ;kstuk ds v/hufuiVku fd;k x;kA

PNB 5-53.pmd 6/24/2009, 6:16 PM25

26

i) PNB Farmers’ Welfare Trust

Bank established PNB Farmers’ Welfare Trust in the

year 2000 for the welfare of the farmers, women and

youth in rural areas. Under the aegis of the Trust, 8

Farmers’ Training Centres (FTCs) have been made

operational at village Sacha Khera (Haryana); Vidisha

(MP); Neemrana (Rajasthan); Shamsher Nagar

(Punjab); Saifai (UP), Labhandi (Chhattisgarh); Mehraj

(Punjab) and Pillayarpatti (Tamil Nadu). Two more

centres will be set up at Korapalli, Tehsil Berhampur

(Orissa) and Jhalara Patan (Rajasthan) during the year

2009-10.

Mobile Van is being used at Farmers’ Training Centre

(FTC) Sacha Khera for providing off-site training on

improved package & practices of agricultural crops &

allied activities, soil testing and Jatropha cultivation. In

addition, the van is acting as an information kiosk.

All the 8 FTCs of the Bank are located in rural areas

and provide FREE OF COST training on agriculture &

allied activities, computer courses, cutting, tailoring &

embroidery, etc. These FTCs imparted training to

1,88,220 farmers and youths including 35,780 women

till March 31, 2009. Further, during 2008-09, 32

Human Health Check Up Camps, 90 Animal Health

Check Up Camps were conducted and 49 visits to

Agricultural Universities/Colleges/Fairs/Govt. Farms

etc. were arranged.

Each FTC has adopted one village for developing it as a

Model Village at a cost of Rs 5 lakh, wherein

developmental work like construction of public

conveniences, class-rooms for schools, village library,

dispensary, playgrounds, providing fans, water coolers

etc. to schools are being undertaken.

ii) PNB Centenary Rural Development Trust

Bank has established PNB Centenary Rural

Development Trust with an objective of assisting rural

youth for taking up gainful employment and rural

development. Three units under the Trust are working,

viz., Soil Testing & Artificial Insemination Centre at

Village Matki Jharoli (UP); Training Centre for Rural

Youth for Self Employment at village Dhudike (Punjab)

and PNB Swarojgar Vikas Sansthan for training of

unemployed youth at Patna (Bihar).

At Matki Jharoli Centre (UP), 33,831 soil samples have

been analysed, 8,469 artificial insemination have been

done and 67,207 diseased animals have been treated

till March 31, 2009. Besides, 91,426 persons have

attended demonstrations on vermi composting and

solar energy. At Dhudike Centre, the birth place of

Shri Lala Lajpat Rai, training on self employment

ventures like repair & maintenance of farm machinery,

cutting, tailoring & embroidery, computer courses etc.

have been imparted to 668 boys and 630 girls so far.

PNB Swarojgar Vikas Sansthan, Patna (Bihar) is a Rural

Development and Self Employment Training Institute

established on January 15, 2007 for channelising youth

power in wealth creation through entrepreneurship

i) ih,uch Ñ"kd dY;k.k U;kl

cSad us xzkeh.k {ks=kksa esa Ñ"kdksa] efgykvksa vkSj ;qokvksa dsdY;k.k ds fy, o"kZ 2000 esa dh LFkkiuk dhA U;kl ds laj{k.kesa vkB fdlku çf'k{k.k dsUæ (,iQVhlh) xk¡o lPpk [ksM+k(gfj;k.kk)] fofn'kk (eè;çns'k)] uhejk.kk (jktLFkku)] 'ke'ksjuxj (iatkc)] lSiQbZ (mÙkjçns'k)] yHk.Mh (NÙkhlx<+)] esgjkt(iatkc) rFkk fiYyS;kjiV~Vh (rfeyukMq) esa dk;Z dj jgs gSaAo"kZ 2009&10 esa nks vkSj dsUæ dksjkiYyh] rglhy csjgeiqj(mM+hlk) rFkk >kykoj ikVu (jktLFkku) esa LFkkfir fd,tk,axsA

csgrj iSdst ij vkSj Ñf"k iQlyksa o lEc¼ dk;Zdykiksa]Hkw&tkap vkSj tVjksiQk [ksrh vkfn ds vH;kl ds laca/ esadk;ZLFky ij çf'k{k.k nsus ds fy, fdlku çf'k{k.k dsUæ] lPpk[ksM+k esa ,d eksckby oSu dk mi;ksx fd;k tk jgk gSA bldsvfrfjDr] ;g oSu lwpuk fdvksLd ds :i esa Hkh dk;Z djrh gSA

cSad ds leLr 8 Ñ"kd çf'k{k.k dsUæ xzkeh.k {ks=kksa esa LFkkfirgSa rFkk ;s Ñf"k ,oa lEc¼ fØ;kdykiksa] dEI;wVj ikB;Øeksa]dfVax] Vsyfjax o ,EczkbMjh vkfn dk fu%'kqYd çf'k{k.k nsrs gSaA bu Ñf"k çf'k{k.k dsUæksa us 31 ekpZ] 2009 rd 1]88]220Ñ"kdksa rFkk ;qokvksa] ftuesa 35]780 efgyk,a 'kkfey gSa] dksçf'k{k.k çnku fd;kA blds vfrfjDr] o"kZ 2008&09 ds nkSjku32 tu LokLF; tkap f'kfoj] 90 i'kq LokLF; tkap f'kfojyxk, x, rFkk Ñf"k fo'ofo|ky;ksa@esyksa@ljdkjh iQkeks± vkfnds 49 nkSjksa dh O;oLFkk dh xbZA

çR;sd Ñ"kd çf'k{k.k dsUæ us ,d xk¡o dks xksn fy;k gS rkfdog 5 yk[k #- dh ykxr ls ml xk¡o dks ,slk vkn'kZ xk¡o cuklds tgka lkoZtfud lqfo/k,¡] fo|ky;ksa esa d{kkvksa ds fy,d{k] xk¡o iqLrdky;] fMLisaljh] [ksy eSnku rFkk fo|ky;ksa esaia[ks] okVj dwyj vkfn miyC/ gks ldsaA

ii) ih,uch 'krkCnh xzkeh.k fodkl U;kl

cSad us ih,uch 'krkCnh xzkeh.k fodkl U;kl dh LFkkiuk dhgS] ftldk mís'; xzkeh.k ;qokvksa dks ykHkdkjh jkstxkj çkIr djusesa lgk;rk çnku djuk vkSj xzkeh.k fodkl djuk gSA bl U;klds v/hu rhu ;wfuV dk;Z dj jgs gSa% xk¡o ekVdh >jksyh (mÙkjçns'k) esa enk ijh{k.k (lks;y VSfLVax) rFkk Ñf=ke xHkkZ/kudsUæ] xkao <qfMds (iatkc) esa xzkeh.k ;qokvksa ds fy, Lo&jkstxkjçf'k{k.k dsUæ rFkk iVuk (fcgkj) esa csjkstxkj ;qokvksa dks çf'k{k.kds fy, ih,uch Lojkstxkj fodkl laLFkkuA

31 ekpZ] 2009 rd ekVdh >jksyh dsUæ (m-iz-) esa]33831 e`nk uewuks a dk fo'ys"k.k fd;k x;k] 8469 i'kqvksadk Ñf=ke xHkkZ/ku fd;k x;k rFkk 67207 jksxh i'kqvksa dkbykt fd;k x;k A blds vfrfjDr 91426 O;fDr;ksa usÑfe [kkn cukus ,oa lkSj ÅtkZ ds çn'kZu esa Hkkx fy;kAykyk yktirjk; ds tUe LFkku <qfMds dsUæ esa vc rd668 yM+dksa o 630 yM+fd;ksa dks Lo&jkstxkj ds fy, [ksrhdh e'khuksa ds j[kj[kko] dVko] flykbZ vkSj d<+kbZ] dEI;wVjdkslZ bR;kfn ds fy, çf'k{k.k fn;k x;kA ih,uch Lojkstxkjfodkl laLFkku] iVuk (fcgkj) ,d xzkeh.k fodkl ,oaLojkstxkj çf'k{k.k laLFkku gS] ftldh LFkkiuk 15-01-2007dks dh xbZA bl laLFkku dk mís'; gS Lojkstxkj dk;ZvkjEHk~ djus ds fy, ok¡fNr m|e fodkl vkSj tkudkjh

PNB 5-53.pmd 6/24/2009, 6:16 PM26

27

development and imparting knowledge & skill required

for taking up self employment ventures. Till March

2009, training has been provided to 763 persons

including 655 women by the Institute

Further, as per the Ministry of Rural Development, Govt.

of India guidelines, each Bank is to establish a Rural

Self Employment Training Institute (RSETI) in it’s lead

districts as well as in non lead districts allotted by the

concerned SLBC. The Govt. provides financial assistance

of Rs. 1 crore for construction of building on the land

to be provided FREE OF COST by the State Govt.

Under the aegis of PNB Centenary Rural Development

Trust, during the year 2008-09, 11 PNB Rural Self

Employment Training Institutes (PNBRSETIs) have been

established at Datia in MP; Jhajjar, Yamuna Nagar &

Mohindergarh at Narnaul in Haryana; Hamirpur in HP;

Saraikela & Ramgarh in Jharkhand; Bharatpur & Dholpur

in Rajasthan; Haridwar in Uttarakhand and Bulandshahr

in UP.

These institutes shall be providing training to the rural

BPL youth and women so that they can engage

themselves in productive self-employment activities and

raise their income level.

iii) Agriculture Debt Waiver and Debt Relief

Scheme 2008

During the year 2008-09, Bank has implemented the

Debt Waiver & Debt Relief Scheme announced by the

Hon’ble Finance Minister in his Budget Speech for the

year 2008-09. Under the scheme, Bank has waived

Rs.1,149.5 crore in 3,39,752 farmers’ accounts. Further,

91,708 farmers are eligible under Debt Relief with the

relief amount of Rs.244.46 crore.

A2. Micro Credit

Bank continued its efforts to promote Micro Finance

through formation and credit linkage of Self Help

Groups. As at end March 2009, Bank had credit-linked

1,33,405 SHGs, registering an increase of 14,453 SHGs

(12.15 percent).

A3. Small & Medium Enterprises

The Small & Medium Enterprises continue to play a

significant role in the economy by contributing to

exports, manufacturing and creation of jobs. During

2008-09, the SME sector has been adversely affected

by the global impact.

Bank’s credit to the SME sector grew by 30.2 percent

reaching a level of Rs 23,700 crore as at the end of

March 2009. Similarly, advances to Micro & Small

Enterprises under Priority Sector reached the level of

Rs. 16,086 crore showing a growth of 31.1 percent

and representing a share of 31.7 percent in the total

Priority Sector advances of the Bank.

As per the policy package announced by the Govt of

India in 2005, the credit to SME segment of public

,oa dk S'ky çnku djds ;qok 'kfDr dk s /u deku s dsfy, rS;kj djukA ekpZ] 2009 rd laLFkku }kjk 763O;fDr;k s a dk s çf'kf{kr fd;k x;k ftues a 655 efgyk, ag S a A

blds vfrfjDr] xzkeh.k fodkl ea=kky;] Hkkjr ljdkj dsfn'kk&funZs'kksa ds vuqlkj çR;sd cSad dks lacaf/r jkT; Lrjh;cSadlZ lfefr }kjk vkcafVr vius vxz.kh ftyksa ds lkFk&lkFkxS+j&vxz.kh ftyksa esa xzkeh.k Lojkstxkj çf'k{k.k laLFkku (vkj,lbZVhvkbZ) LFkkfir djuk gS] ftlds fy, jkT; ljdkj }kjk fcukykxr ds miyC/ djkbZ xbZ Hkwfe ij Hkou fuekZ.k gsrq ljdkj1 djksM+ #- dh foÙkh; lgk;rk miyC/ djkrh gSA

ih,uch 'krkCnh xzkeh.k fodkl U;kl ds rRoko/ku esa o"kZ2008&09 ds nkSjku nfr;k (eè;çns'k) esa] >Ttj] ;equk uxj,oa efgUnjx<+ ukjukSy (gfj;k.kk) esa] gehjiqj (fgekpyçns'k) esa] ljk;dsyk ,oa jkex<+ >kj[k.M esa] Hkjriqj ,oa/kSyiqj jktLFkku esa] gfj}kj mÙkjk[k.M esa rFkk cqyan'kgj mÙkjçns'k esa] 11 ih,uch xzkeh.k Lojkstxkj izf'k{k.k laLFkku(ih,uchvkj,lbZVhvkbZ) LFkkfir fd, x,A

;s laLFkku xjhch js[kk ls uhps ds xzkeh.k ;qodksa ,oa efgykvksa dksçf'k{k.k miyC/ djk,axs rkfd os Lo;a dks mRiknd Lojkstxkj dsfØ;kdykiksa esa yxk,a rFkk viuh vk; ds Lrj esa of¼ djsaA

iii) Ñf"k ½.k eki+Qh ,oa ½.k jkgr ;kstuk 2008

cSad us ekuuh; foÙk ea=kh }kjk o"kZ 2008&09 ds vius ctV&Hkk"k.kesa ?kksf"kr ;kstuk ds vUrxZr Ñf"k ½.k eki+Qh ,oa ½.k jkgr;kstuk&2008 dks o"kZ 2008&09 ds nkSjku dk;kZfUor fd;kA;kstuk ds varxZr] cSad us Ñ"kdksa ds 3]39]752 [kkrksa esa1149]5 djksM+ #- dh ½.k ekiQh çnku dhA blds vfrfjDr]½.k jkgr ;kstuk ds varxZr 91]708 Ñ"kdksa dks 244-46 djksM+#- dh jkgr iznku dh xbZA

d2- ekbØks ØsfMV

cSad us Lo;a lgk;rk lewgksa ds la?kVu vkSj muds lkFk ½.k&laca/LFkkfir djds ekbØks&foÙk dks çksRlkfgr djuk tkjh j[kk gSAekpZ] 2009 ds var esa cSad ds ½.k lEc¼ 1]33]405 Lo;algk;rk lewg gSaA bl çdkj buesa 14]453 Lo;a lgk;rk lewgksadh o`f¼ (12]15 izfr'kr) gqbZA

d3- y?kq ,oa e>kSys m|eksa dks ½.k

fu;kZr] fuekZ.k ,oa dk;Z l`tu esa viuk egRoiw.kZ ;ksxnku nsrsgq, y?kq ,oa e>kSys m|eksa dh vFkZO;oLFkk esa egRoiw.kZ Hkwfedktkjh gSA o"kZ 2008&09 ds nkSjku oSf'od çHkko ds pyrs y?kq,oa e>kSys m|e {ks=k esa foijhr çHkko iM+k gSA

ekpZ] 09 ds var rd y?kq ,oa eè;e m|e {ks=k dks cSad ½.k23700 djksM+ #- gks x;kA bl çdkj buesa 30-2 çfr'kr dho`f¼ gqbZA blh çdkj çkFkfedrk {ks=k ds vUrxZr lw{e ,oa y?kqm|eksa ds vfxze 16086 djksM+ #- ds Lrj rd igq¡p x, gSa]ftudh o`f¼ nj 31-1 çfr'kr gS rFkk tks cSad ds çkFkfedrk{ks=k ds dqy vfxzeksa dk 31-7 izfr'kr n'kkZrk gSA

o"kZ 2005 esa Hkkjr ljdkj }kjk ?kksf"kr ikWfylh iSdst dsvuqlkj lkoZtfud {ks=k ds cSadksa ds ,l,ebZ [k.M dks ½.k 5

PNB 5-53.pmd 6/24/2009, 6:16 PM27

28

sector banks was to double within 5 years. Bank had

doubled the credit as on March 2008, as against March

2010 required under the policy package. As at end

March 2009, Bank credit has shown a growth of

159 percent over the March 2005 level.

Collateral Free Lending

During 2008-09, Bank laid emphasis on extending

credit without collateral and third party guarantee to

the Micro & Small Enterprises by covering 6,032

accounts with a limit of Rs. 212 crore under the Credit

Guarantee Scheme of Micro & Small Enterprises

(CGTMSE). Under CGTMSE, Bank covers loans upto

Rs. 1 crore. Bank has cumulatively covered 17,409

accounts under the scheme.

Other Initiatives

� MSE Code : Bank adopted the Code of Bank’s

Commitment to Micro & Small Enterprises as released

by the Banking Codes and Standards Board of India,

Mumbai. The code shall help the Bank to offer better

customer service in a transparent manner and improve

the relationship between Bank and MSEs.

� MSME branches : With a view to provide quality service

to the SME customers, Bank increased the number of

MSME branches from 35 to 149 during the year.

� SME Clusters : Bank adopted 11 more SME clusters

during 2008-09, so as to serve the units in these clusters

in a holistic manner. Bank has adopted

15 SME clusters at present.

� Special Package for MSMEs: Bank took initiatives in

implementing the IBA package to Micro & Small

Enterprises by:

� reducing the rate of interest;

� extension of adhoc working capital facility upto

20 percent of the existing limits;

� sanction of working capital demand loans;

� extension of the debtor’s period for financing

upto 6 months from the current level of 3

months;

� reduction in the margin to 20 percent in the case

of advances against book debts and advances

against existing unencumbered machinery;

� extending loans for generator sets on soft

terms;

� undertook the restructuring of loans & advances

including SME advances and also set up

58 rehabilitation-cum-care centres at Circle

Offices.

The SME policy, MSE Code and the telephone numbers of

the officers at the rehabilitation-cum-care centres have been

placed at the website.

� Bank has pro-actively implemented suggestions

of the Report of Working Group on Rehabilitation

of Sick SMEs (Dr. K.C. Chakrabarty Working

o"kksZa ds Hkhrj nks xqus djus FksA cSad us ikWfylh iSdst ds vUrxZrvisf{kr ekpZ] 2010 ds izfr ekpZ] 2008 esa gh ½.kksa dks nksxqukdj fn;k FkkA cSad us ekpZ] 2009 ds vUr esa ekpZ] 2005 dsLrj ls 159 izfr'kr dh o`f¼ ntZ dh gSA

laikf'oZd çfrHkwfr ls eqDr ½.k

o"kZ 2008&09 ds nkSjku cSad us lw{e ,oa y?kq m|fe;ksa dh ½.k

xkjaVh ;kstuk (lhthVh,e,lbZ) ds varxZr 6032 [kkrksa esa 212

djksM+ #- dh ½.k lhek çnku djrs gq, lw{e ,oa y?kq m|eksadks laikf'oZd çfrHkwfr ,oa r`rh; ikVhZ xkjaVh ds fcuk ½.k nsus

ij cy fn;kA lap;h :i esa bl ;kstuk ds varxZr cSad us dqy

17409 [kkrksa esa ,d djksM+ #- ds ½.k çnku fd,A

vU; igy

� ,e,lbZ dksM % cSad us lw{e ,oa y?kq m|eksa ds fy, cSafdaxdksM ,oa ekud cksMZ vkiWQ bf.M;k] eqEcbZ }kjk tkjh cSadopuc¼rk dksM dks viuk;k gSA bl dksM ls cSad dks ikjn'khZ:i esa csgrj xzkgd lsok çnku djus esa lgk;rk çkIr gksxh rFkkcSad vkSj ,e,lbZ ds eè; laca/ksa esa lqèkkj gksxkA

� ,e,l,ebZ 'kk[kk,a % ,l,ebZ xzkgdksa dks vPNh lsok çnkudjus ds mís'; ls cSad us o"kZ ds nkSjku ,e,l,lbZ 'kk[kkvksa dks35 ls c<+kdj 149 dj fn;kA

� ,l,ebZ DyLVlZ % o"kZ 2008&09 ds nkSjku cSad us 11 vkSj,l,ebZ DyLVjksa dks viuk;k rkfd ogka dh bdkb;ksa dks laiw.kZ:i ls lsok çnku dh tk lds A orZeku esa cSad us 15 ,l,ebZDyLVjksa dks viuk fy;k gS A

� ,e,l,ebZ ds fy, fo'ks"k iSdst % cSad us lw{e ,oa y?kq m|eksadks vkbZch, iSdst çnku djus ds fy, fuEu çdkj ls igydh%

� C;kt nj esa dVkSrh djuk_

� orZeku ½.k lhek dk 20 çfr'kr rd rnFkZ dk;Z'khyiwathxr lqfo/k ds :i esa çnku djuk_

� dk;Z'khy iwathxr ekax ½.kksa dh LohÑfr_

� ½f.k;ksa ds foÙkiks"k.k dh orZeku 3 ekg dh vof/ dksc<+kdj 6 ekg rd djuk_

� cgh ½.kksa ds çfr vfxzeksa rFkk orZeku Hkkj jfgr e'khujhds çfr vfxzeksa ds ekftZu dks 20 çfr'kr rd dedjuk_

� ljy 'krks± ij tsujsVj lsVksa ds fy, ½.k çnku djuk_

� cSad us ,l,ebZ vfxzeksa lfgr ½.k ,oa vfxzeksa dhiqu%lajpuk dk Hkh dk;Z fd;k rFkk e.My dk;kZy;ksa esa58 iquLFkkZiuk ,oa ns[k&js[k dsUæ LFkkfir fd,A

,l,ebZ ikfylh] ,e,lbZ dksM rFkk iquLFkkZiu ,oa ns[k&js[kdsæks a ds vf/dkfj;ks a ds VsyhiQksu uEcj cSad dh osclkbV ijfn, x, gSaA

� ,l,ebZ ds foÙkiks"k.k dh fofHkUu 'krks± ,oa fu;eksa esa

NwV nsdj cSad us chekj y?kq ,oa eè;e m|eksa ds

PNB 5-53.pmd 6/24/2009, 6:16 PM28

29

Group) by relaxing various terms and conditions

for financing SMEs. The main recommendations

implemented include:-

� Meeting all credit needs of Micro

Enterprises (covered under CGTMSE) at the

branch level;

� Relaxation in submission of CMA data

Form, etc;

� Not insisting for audited accounts upto Rs.

40 lakh sales and

� 1,237 MSME accounts have been

restructured.

With a view to broaden and deepen the Bank’s initiatives to

serve SME sector, Bank has started a separate Division at the

corporate office.

A.4 Credit to Weaker Sections & SC/ST

Bank’s credit to weaker sections increased to Rs 13,509 crore

as at March 31,2009, registering an absolute increase of Rs

2,106 crore. Ratio of weaker section advances to ANBC at

11.19 percent continued to be higher than the National Goal

of 10 percent. Credit to SC/ST beneficiaries was Rs 2,028

crore in 2008-09.

A.5 Credit to Women beneficiaries

Credit to women beneficiaries rose by Rs 876 crore to Rs

6,085 crore, as on March 31, 2009. Credit to women as

percent to ANBC stood at 5.04 percent at the end of March

2009, higher than the National Goal of 5 percent. A separate

Women Cell set up at Head Office headed by a Senior Officer

closely monitors the progress under various lending schemes

for women beneficiaries.

A.6 Promoting Financial Inclusion

Under the Branchless Banking Model of the Financial

Inclusion, Bank has launched a drive for Bio-metric smart

card based technology enabled financial inclusion with the

help of Business Correspondents/Business Facilitators (BC/

BF) in the Indo-Gangetic plain where the Bank has a major

presence. Financial Inclusion means providing access of

banking facilities/services to the common man in a fair,

transparent and equitable manner at affordable cost. The

BC/BF addresses the outreach issue so as to reach out to the

last mile customer while technology provides cost effective

and transparent services.

Bank has also been conferred with the award for use

of technology for Financial Inclusion by the Institute

for Development and Research in Banking Technology

(IDRBT), Hyderabad for the year 2008.

In recognition of it’s efforts towards Financial Inclusion, the

Bank has been awarded with Dun & Bradstreet

Award 2009 as the top Public Sector Bank under the

category - “Priority Sector Lending including

Financial Inclusion".

iquLFkkZiu ds dk;Zdkjh lewg (MkW- ds-lh- pØorhZ dk;Zdkjhlewg) dh fjiksVZ esa fn, x, lq>koksa dks lfØ; :i lsykxw fd;kA dk;kZfUor dh xbZ çeq[k fliQkfj'kksa esafuEufyf[kr lfEefyr gSa %&

� 'kk[kk Lrj ij lw{e m|eksa (lhthVh,e,lbZ ds varxZrvkus okys) dh leLr ½.k vis{kkvksa dks iwjk djuk_

� lh,e, MkVk iQkeZ bR;kfn nsus esa NwV_

� 40 yk[k #- rd dh fcØh ds fy, ys[kkijhf{kr ys[kksadks tek djkus ij cy u nsuk_

� 1237 ,e,l,ebZ [kkrksa dh iquO;ZoLFkkA

,l,ebZ {ks=k dh lsok esa cSad ds dk;ks± dks O;kid ,oa xgu :i esac<+kus ds mís'; ls cSad us dkWjiksjsV dk;kZy; esa ,d vyx çHkkxvkjaHk fd;k gSA

d 4) detksj oxks± vkSj vuqlwfpr tkfr@vuqlwfpr tutkfr dks ½.k

cSad ds detksj oxks± dks fn;s x;s ½.kksa esa 2106 djksM+ #- dh o`f¼gqbZA bl çdkj ;s ½.k 31 ekpZ] 2009 dks c<+dj 13509 djksM+ #-gks x;sA leaftr 'kq¼ cSad ½.kksa esa detksj {ks=k ds vfxzeksa dk vuqikr11-19 çfr'kr jgk] tksfd 10 çfr'kr ds jk"Vªh; y{; ls vf/d gSAo"kZ 2008&09 esa vuqlwfpr tkfr@vuqlwfpr tutkfr ds ykHkkfFkZ;ksa dksfn;s x;s ½.k 2028 djksM+ #- gks x;sA

d5) efgyk ykHkkfFkZ;ksa dks ½.k

efgyk ykHkkfFkZ;ksa dks fn, x, ½.kksa esa 876 djksM+ #- dh o`f¼ ntZdh xbZ] tks 31 ekpZ] 2009 dks c<+dj 6085 djksM+ #i;s gks x,Aleaftr 'kq¼ cSad ½.kksa esa efgykvksa ds vfxzeksa dk vuqikr 5-04çfr'kr jgk]] tksfd 5 çfr'kr ds jk"Vªh; y{; ls vf/d gSA ç/kudk;kZy; esa ,d vyx efgyk d{k dh LFkkiuk dh xbZ gS] ftldhvè;{k ,d ofj"B vf/dkjh gSa] tks efgyk ykHkkfFkZ;ksa ds fy,;kstukvksa ds varxZr fn, tkus okys fofHkUu ½.kksa dh çxfr dhekWfuVfjax djrh gSaA

d6) foÙkh; lekos'ku dks c<+kok

foÙkh; lekos'ku ds 'kk[kk jfgr cSafdax ekWMy ds varxZr cSad usdkjksckj çfrfuf/;ksa@dkjksckj lgk;dksa dh enn ls foÙkh; lekos'ku dsgsrq bl ifj;kstuk ds fodkl ds fy, baMks xatsfVd Iysu esa ck;ksehfVªdLekVZ dkMZ rduhd dk ç;ksx fd;k gS] tgka cSad çeq[k :i lsfo|eku gSA foÙkh; lekos'ku dk vFkZ gS ogu djus ;ksX; ykxr ijlHkh O;fDr;ksa dks lLrh] ikjn'khZ ,oa ,d leku :i ls cSafdax lqfo/k,a@lsok,a miyC/ djkukA dkjksckj çfrfuf/;ksa@dkjksckj lgk;dksa us bl;kstuk dks vkxs c<+kus dk dk;Z fd;k rkfd vafre Nksj ds xzkgdksa rdigq¡pk tk lds vkSj çks|kSfxdh ykxr çHkkoh vkSj ikjn'khZ lsok,a çnkudjus esa lgk;d fl¼ gksA

cSafdx rduhd fodkl ,oa vuqla/ku laLFkku (vkbZMhvkjchVh)gSnjkckn }kjk Hkh o"kZ 2008 ds fy, cSad dks foÙkh; lekos'kuesa rduhd ds ç;ksx ds fy, lEekfur fd;k x;kA

foÙkh; lekos'ku esa cSad ds ç;klksa dks ns[krs gq, cSad dks lekos'klfgr çkFkfedrk {ks=k esa ½.k dh Js.kh esa lkoZtfud {ks=k ds'kh"kZ cSad ds :i esa nwu ,oa czsMLVªhV vokMZ 2009 ls lEekfurfd;k x;kA

PNB 5-53.pmd 6/24/2009, 6:16 PM29

30

Dr. K. C. Chakrabarty, Chairman & Managing Director of

the Bank has been awarded with Skoch Challenger

Award 2009 for “Inclusion Champion of the Year"

for his motivational leadership and inspirational guidance. The

award also recognises the fact that under Branchless Banking

Model, the Bank in partnership with Panchayat in Tineri Village

in Patna, Bihar has been able to provide a holistic approach

towards providing basic banking facilities to the poorest of the

poor leading to enhanced financial inclusion.

� Opening ‘No Frill’ Accounts

At the end of March 2009, Bank has opened 48.43

lakh “No Frill" accounts (including IT enabled smart

cards) with an outstanding amount of Rs 502 crore.

Overdraft facility has been provided in 9,504 accounts

amounting to Rs 65 lakh. Till now, 44,089 GCCs have

been issued with an amount of Rs 97.21 crore.

� Launch of Pilot Projects

In order to reach the unbanked and under banked areas,

Bank has identified 35 pilot projects for launching

technology enabled Financial Inclusion through BC/BFs,

out of which 28 projects are in rural areas and 7 projects

are in urban areas. Out of the identified 35 projects,

formal launch has already taken place in 16 projects,

covering states of Bihar, Chhattisgarh, Chandigarh,

Delhi, Haryana, Himachal Pradesh, J&K, Jharkhand,

Orissa, Punjab, Rajasthan, Uttarakhand and Uttar

Pradesh. In urban areas, the emphasis is on unbanked

sections like migrated labour/mobile population,

rickshaw pullers, vegetable vendors, women, landless

agricultural labourers/tenant farmers, ethnic minorities,

etc.

Among various pilot projects, the main projects in which

the Bank is providing financial inclusion services include

a tie-up with Mother Dairy in Bulandshahar to provide

doorstep transaction facility to dairy farmers;

construction workers at Bangalore; Common Service

Centre (CSC) Project (Special Purpose Vehicle Scheme

under E-governance) for providing financial assistance

for setting up of 5,500 Common Service Centres

(CSCs)/E-kiosks to be managed by Village Level

Entrepreneurs (VLEs) at rural areas covering the entire

State of Bihar through SREI Sahaj-E-Village Ltd; credit

driven Financial Inclusion project for two districts of

Chhatisgarh viz., Dantewara and Rajnandgaon in

association with Society for Educational Welfare and

Economic Development (SEED), etc.

In North East, Bank has tied up with Kabongram Asa

Kashung Shang Social Upliftment Society (KAKSSUS),

an NGO to enlarge micro-finance activities to farmers

spread in the States of Arunachal Pradesh, Assam,

Manipur, Meghalaya and Mizoram.

Bank has also undertaken Government payments on

sharing basis/commission basis through smart card

under NREGP in Sonepat & Rohtak Districts in Haryana

and NREGP & social security payments in Warangal

district of Andhra Pradesh.

blds vfrfjDr] MkW- ds-lh- pØorhZ] gekjs cSad ds vè;{k ,oa çca/funs'kd dks muds vfHkçsjd usr`Ro ,oa çsj.kkRed ekxZn'kZu ds fy,ô"kZ ds lekos'ku pSafi;u* ds fy, LdkWp pSysatj vokMZ 2009çnku fd;k x;kA bl vokMZ ls bl rF; dks iqf"V feyrh gS fdfVusjh xkao] iVuk (fcgkj) dh iapk;r dh lk>snkjh ls 'kk[kk jfgrcSafdax ekWMy ds varxZr foÙkh; lekos'ku dks c<+kus esa vxz.kh jgrs gq,cSad us vfr fu/Zu O;fDr;ksa rd ewy cSafdax lqfo/k,a miyC/ djkusesa ldkjkRed n`f"Vdks.k j[kk gSA

� uks fÚy [kkrs [kksyuk

31 ekpZ] 2009 ds var rd cSad us 48-43 yk[k ûks fÚy*(vkbZ-Vh- lefiZr LekVZ dkMZ lfgr) [kkrs [kksysA bu [kkrksa esacdk;k jkf'k 502 djksM+ #- gks xbZA 9504 [kkrksa esa 65 yk[k #-dh vksojMªkÝV lqfo/k miyC/ djkbZ xbZ gSA vc rd 97-21 djksM+#- ds 44]089 th-lh- çek.ki=k tkjh fd, tk pqds gSaA

� ik;yV ifj;kstuk vkjaHk djuk

cSad jfgr rFkk de cSadksa okys {ks=kksa esa igqap vkSj viuhmifLFkfr c<+kus ds mís'; ls cSad us dkjksckj çfrfuf/;ksa@dkjksckjlgk;dksa ds ekè;e ls çkS|ksfxdh lefiZr foÙkh; lekos'k vkjaHkdjus ds fy, 35 ik;yV ifj;kstukvksa dk pquko fd;k gS]ftuesa ls 28 ifj;kstuk,a xzkeh.k bykdksa esa rFkk 7 ifj;kstuk,a'kgjh bykdksa esa gSaA p;fur 35 ifj;kstukvksa esa ls 16 ifj;kstuk,aigys gh vkSipkfjd :i ls 'kq: gks pqdh gSA ;s ifj;kstuk,afcgkj] NÙkhlx<+] p.Mhx<+] fnYyh] gfj;k.kk] fgekpy çns'k]tEew ,oa d'ehj] >kj[k.M] mM+hlk] iatkc] jktLFkku] mÙkjk[k.M,oa mÙkj çns'k jkT;ksa esa gSaA 'kgjh {ks=kksa esa cSad jfgr oxks± tSlsçoklh etnwjksa vFkok xfr'khy (eksckby) tula[;k] fjD'kkpkydksa] lCth foØsrkvksa] efgykvksa] Hkwfeghu Ñf"k etnwjksa@iV~Vèkkjhfdlkuksa] fotkrh; vYila[dksa vkfn ij vf/d cy fn;k x;kA

fofHkUu ik;yV ifj;kstukvksa] ftuesa cSad foÙkh; lekos'k lsok,amiyC/ djkrk gS] esa ls dqN eq[; ifj;kstuk,a gSa Ms;jh fdlkuksadks nsgyht ij (Mksj LVsi) ysunsu lqfo/k miyC/ djkus gsrqcqyan'kgj esa enj Ms;jh ds lkFk lk>snkjh] caxyksj esa fuekZ.ketnwjksa ds fy, lh,llh ifj;kstuk (bZ&xous±l ds varxZr fo'ks"kmís'; okyh okgu ;kstuk)] ftlesa leLr fcgkj jkT; ds xzkeh.k{ks=kksa esa ,lvkjbZvkbZ lgt bZ&foyst fy- ds çca/u esa xzkeh.k Lrjds m|fe;ksa }kjk 5500 lkekU; lsok dsUæ (lh,llh) bZ&fdvksLdLFkkfir djus gsrq foÙkh; lgk;rk miyC/ djk;h xbZ gS] NÙkhlx<+jkT; ds narsokM+k vkSj jktuan xk¡o nks ftyksa esa 'kS{kf.kd dY;k.k,oa vkfFkZd fodkl lkslkbVh ds lg;ksx ls ½.k ewyd foÙkh;lekos'ku ifj;kstuk bR;kfnA

mÙkj iwoZ esa cSad us v#.kkpy çns'k] vklke] ef.kiqj] es?kkky;]vkSj fetksje] jkT;ksa esa iQSys fdlkuksa dks lw{e&foÙk fØ;kdykiksadks c<+kus ds mn~ns'; ls ,d ,uthvks dcksUxzke vlk d'kqax'kax lkekftd mRFkku lkslk;Vh (ds,ds,l,l;w,l) ds lkFkxBtksM+ fd;k gSA

cSad us LekVZ dkMZ ds ekè;e ls gfj;k.kk ds lksuhir ,oajksgrd ftyksa esa ,uvkjbZthih ds varxZr rFkk vka/z çns'k dsojkaxy ftys esa ,uvkjbZthih ,oa lkekftd lqj{kk Hkqxrkuksa dsvarxZr fgLlsnkjh@deh'ku ds vk/kj ij ljdkjh Hkqxrkuksa dkdk;Z Hkh fd;k gSA

PNB 5-53.pmd 6/24/2009, 6:16 PM30

31

Recognising Micro Finance as an effective medium to

increase income level and reduce poverty and

unemployment, Bank has opened THREE dedicated

Micro Finance branches at Mukundpur, Deoli in Delhi

and Gumla in Jharkhand.

� Launch of Rickshaw Projects

Bank has launched comprehensive scheme covering

finance, insurance (health & life), etc. for Rickshaw

pullers in collaboration with MFI/NGO at 6 centres at

Varanasi, Allahabad, Lucknow, Patna, Meerut and Surat.

This scheme is a unique initiative for assisting the

rickshaw pullers to stand on their own by supplementing

their daily livelihood, thus helping in improving their

standard of living.

� Financial Literacy and Credit Counseling (FLCC)

In order to foster a “Financially Inclusive Growth", the

biggest challenge is ‘Financial Education’ because an

important reason for financial exclusion is lack of

awareness on the part of people regarding the

importance of being the Customer of a Bank. A social

revolution is needed and the ‘Financial Literacy and

Education Counseling Centres’ are required to face this

challenge.

Towards this, Bank has opened 7 ‘Financial Literacy-

cum-Counseling Centres’ (FLCCs) in Punjab - Amritsar,

Hoshiarpur, Kapurthala, Mohali, NawanShahar,

TarnTaran & Gurdaspur and 2 FLCCs in Haryana -

Yamuna Nagar & Rohtak.

� PNB Farmers’ Welfare Trust

The Trust has been appointed as Business Facilitator

and Business Correspondent for ‘Financial Inclusion’.

Pilot projects are operational at Famers’ Training Centres

- Neemrana (Rajasthan), Shamsher Nagar (Punjab),

Sacha Khera (Haryana) and Saifai (UP). The Trust has

launched Kisan Bandhu Scheme wherein local youths

are associated to work for the project.

� PNB Centenary Rural Development Trust

Bank has also appointed PNB Centenary Rural

Development Trust as Business Facilitator/Business

Correspondent for Financial Inclusion and the pilot project

is operational at Matki Jharoli, Distt. Saharanpur (UP).

� Mobile ATM Services

Bank has launched 4 mobile ATMs. These ATMs mainly

cover rural/slum areas in Delhi and Noida. They are

stationed at pre-destinated places for specific time. The

ATM services are available to PNB customers as well as

other Bank customers under sharing arrangement.

� IT Enabled Financial Inclusion Projects

Bank has identified 52 branches in 8 states to run the Pilot

Projects under its drive for Bio-Metric Smart Card based

technology enabled financial inclusion with the help of

Business Correspondents and Business Facilitators.

vk; ds Lrjksa esa o`f¼ csjkstxkjh dks de djus ds fy, ,dçHkkoh ekè;e ds :i esa O;f"V foÙk (ekbØks iQkbusal) dksekU;rk çnku djrs gq, cSad us eqdqUniqj] nsoyh] fnYyh vkSjxqeyk] >kj[k.M esa rhu lefiZr O;f"V foÙk 'kk[kk,a [kksyh gSaA

� fjD'kk ifj;kstukvksa dks çkjEHk djuk

cSad us fjD'kk pkydksa gsrq okjk.klh] bykgkckn] y[kuÅ] iVuk]esjB vkSj lwjr uked N% dsUæksa esa ,e,iQvkbZ@,uthvks dslg;ksx ls O;kid ;kstuk 'kq: dh gS] ftlesa foÙk] chek(LokLF; ,oa thou) vkfn dks 'kkfey fd;k x;k gSA ;g;kstuk ,d u;k vfHk;ku gS] tks fjD'kk pkydksa dks mudhviuh nSfud thfodk dks iwjk djrs gq, mUgsa vius iSjksa ij [kM+kgksus ds fy, enn djrh gSA bl çdkj muds jgu&lgu ds Lrjdks lq/kjus esa lgk;rk djrh gSA

� foÙkh; lk{kjrk vkSj ½.k ijke'kZ

foÙkh; lekos'k fodkl dks çksRlkfgr djus ds fy, pqukSrh dklcls cM+k fo"k; gS foÙkh; f'k{kk D;ksafd cSad dk xzkgd gksusds egRo ds lca/ esa yksxksa esa tkx:drk dh deh gh foÙkh;lqfo/kvksa ds nk;js ls ckgj jgus dk lcls cM+k dkj.k gS]ftlds fy, lkekftd vkanksyu dh vko';drk gS vkSj blpqukSrh dk lkeuk djus ds fy, foÙkh; lk{kjrk vkSj f'k{kkijke'kZ ds dsUæksa dh LFkkiuk dh t:jr gSA

cSad us 7 dsUnksa vFkkZr~ iatkc esa ve`rlj] gksf'k;kjiqj] diwjFkyk]eksgkyh] uok¡'kgj] rju&rkj.k vkSj xqjnkliqj rFkk gfj;k.kk esa;equkuxj vkSj jksgrd esa ^foÙkh; lk{kjrk ,oa ijke'kZ dsUæ[kksys gSaA ;s dsUæ* tekjkf'k;ksa] lkns [kkrs] ½.k] ½.k dkiqufuZ/kZj.k] çkS/ksfxd] vkS|ksfxd] f'k{kkRed] foÙkh; vkSj lHkhdks thfodk ds ckjs esa vkeus&lkeus ijke'kZ çnku dj jgs gSaA

� ih,uch Ñ"kd dY;k.k U;kl

^foÙkh; lekos'ku* gsrq djksckj lgk;d vkSj djksckj izfrfuf/ds :i esa U;kl dh fu;qfDr dh xbZ gSA Ñ"kd izf'k{k.kdsUnz&fuejk.kk (jktLFkku) 'ke'ksj uxj (iatkc) lPpk [ksM+k(gfj;k.kk) vkSj lSiQbZ (m-iz-) esa ik;yV ifj;kstuk,a dk;Z djjgh gSaA ¶ih,uch¸ Ñ"kd dY;k.k U;kl dkjksckj çfrfuf/ ds:i esa dk;Z dj jgk gSA blds fy, VªLV us ¶fdlkucU/q ;kstuk¸ vkjEHk dh gS] ftlesa LFkkuh; ;qodksa dks ifj;kstukgsrq dk;Z ls tksM+k x;k gSA

� ih,uch 'krkCnh xzkeh.k fodkl U;kl

cSad us foÙkh; lekos'ku gsrq ih,uch xzkeh.k fodkl U;kl dksHkh dkjksckj lgk;d@dkjksckj izfrfuf/ ds :i esa fu;qDr fd;kgS] vkSj ik;yV ifj;kstuk eVdh >jkSyh] ftyk lgkju iqj](m-iz-) esa dk;Z dj jgh gSA

� eksckby ,Vh,e lsok,a

cSad us 4 pyrs&fiQjrs ,Vh,e (eksckby ,Vh,e) vkjEHk fd;sgSaA bu ,Vh,e dh lqfo/k eq[;r% fnYyh ,oa ukS;Mk ds varxZrvkus okys xzkeh.k@>qXxh >ksaiM+h bykdksa esa jgus okys yksxksa dksçnku dh tk,xhA ;s ,Vh,e fo'ks"k le; vof/ ds fy, igysls fu/kZfjr LFkkuksa ij yxk, tk,axsA ;s ,Vh,e lsok,a ih,uch dslkFk&lkFk lk>snkjh O;oLFkk ds vUrxZr vU; cSadksa ds xzkgdksadks Hkh miyC/ djkbZ tk,axhA

� lwpuk çkS|kSfxdh okyh foÙkh; lekos'ku ifj;kstuk,a

O;olk; iQsflfyVsVjksa@O;olk; çfrfuf/;ksa dh enn ls foÙkh;lekos'ku ck;ksesfVªd LekVZ dkMZ vk/kfjr rduhd dks pykusds fy;s cSad us 8 jkT;ksa esa ikbyV ifj;kstuk ds rkSj ij 52'kk[kkvksa dh igpku dh gSA

PNB 5-53.pmd 6/24/2009, 6:16 PM31

32

The Pilot Projects have been implemented and made

operational at 7 locations. The projects have been made

LIVE. Presently, around 26.50 lac customers are covered

under IT Enabled Financial Inclusion Projects of the Bank.

Under IT Enabled Financial Inclusion, data flows from Point

of Sale (POS)/Point of Transaction (POT)/LAPTOP located

in villages to the intermediary server of the service provider,

thereafter to our intermediary Financial Inclusion server. After

validation of data at Financial Inclusion Back office

intermediary server, the data is taken to FINCBS (Finacle CBS)

server. A consolidated transaction takes place on main CBS

server at the end of the day for GL updation.

B. Retail Credit

Retail segment has been adversely affected by the global financial

turmoil. The rising interest rates/inflationary pressures during the

early part of the year and heightened uncertainty in job market

during latter part, dampened the sentiments of retail consumers to

a great extent. However, Bank continued to direct its policies

towards boosting advances to retail segment. Outstanding retail

loans of the Bank reached a level of Rs 25,012 crore (excluding

loan under future lease rental scheme), constituting 16.2 percent

of the Bank’s net advances, as on March 31, 2009. Housing loan

constitutes 33.6 percent share of retail loan portfolio of the Bank.

Education Loan was the thrust area which received the

Bank’s focussed attention. It grew from Rs 1,035 crore as on

March 31, 2008 to Rs. 1,559 crore as on March 31, 2009, thus

showing y-o-y growth of 50.6 percent. Bank made tie up

arrangements with various educational institutions at corporate as

well as field level, to push up the demand for education loan.

Bank has streamlined the loan appraisal/approval system, by putting

in place the Rule Based Lending Model and rolling out various retail

loan schemes under Hub & Spoke Model.

For building the robust and quality-based retail loan portfolio, the

emphasis has also been given on the following areas:-

� Pricing the retail products with competitive edge;

� Strengthening the system of receiving loan applications

on line, with regard to various retail loan products;

� Curtailing the turn around time in sanction/

disbursement of loan

� Strengthening the retail marketing teams for

popularising the products in every nook and corner

of the country and optimising retail dispensation.

� Making value addition in the retail products to keep

them customer friendly.

Bank also focussed on maintaining and improving the assets

quality through strictly implementing the system of

‘Monitoring Retail Loan Accounts’.

C. Forex Business

During 2008-09, Bank has achieved export turnover of

Rs 34,692 crore and import turnover of Rs 44,481 crore,

registering a y-o-y growth of 17.7 percent and 38.1 percent,

ikbyV ifj;kstuk dk;kZfUor dj nh xbZ gS vkSj ;g 7 LFkkuksa ijçkjEHk gks xbZ gSA bl ifj;kstuk dks lfØ; cuk;k x;k gSA orZekuesa cSad dh lwpuk çkS|ksfxdh vk/kfjr foÙkh; lekos'ku ifj;kstukds varxZr yxHkx 26-50 yk[k xzkgdksa dks tksM+k x;k gSA

vk¡dM+ksa dh miyC/rk xk¡oksa esa fLFkr foØ; dsUæ@ysu&nsu dsUæ@ySiVkWils lfoZl çksokbMj ds eè;orhZ loZj ds }kjk çnku djkbZ tk;saxh] bldsckn bls gekjs eè;orhZ foÙkh; lekos'ku loZj esa miyC/ djk;k tk,xkAfoÙkh; lekos'ku cSd vkWfiQl eè;orhZ loZj esa vk¡dM+ksa ds çek.khdj.kds i'pkr~ ;s vk¡dMs ,iQvkbZ,ulhch,l loZj esa fy, tk,xsaA bldklesfdr ysu&nsu] tujy yStj dks v|ru djus ds fy, fnol lekfIrls iwoZ eq[; lhch,l loZj esa fd;k tk,xkA

[k) [kqnjk ½.k

[kqnjk [k.M] fo'o O;kih foÙkh; mFky&iqFky }kjk çfrdwy :i lsçHkkfor gqvk gSA o"kZ ds iwoZHkkx ds nkSjku c<+rh C;kt njksa@eqækLiQhfrdkjd ncko vkSj o"kZ ds ckn ds Hkkx esa jkstxkj cktkj esa vR;f/dvfuf'prrk ds gksus ls dkiQh lhek rd [kqnjk miHkksDrkvksa dhHkkoukvksa dks vk?kkr igqapk gSA gkykafd cSad us [kqnjk [k.M dks vfxzeksads lao/Zu ds fy, viuh uhfr;ksa dks funsf'kr djuk tkjh j[kk gSA cSadds cdk;k [kqnjk ½.k 25]012 djksM+ #i, ds Lrj ij igqap x;s gSa(o"kZ ds nkSjku Hkkoh iV~Vk fdjk;k ;kstuk ds varxZr ½.kksa dksNksM+dj) tks 31 ekpZ] 2009 dh fLFkfr ds vuqlkj cSad ds 'kq¼ ½.kksadk 16-2 çfr'kr gSaA vkokl ½.k cSad ds [kqnjk ½.k iksVZiQksfy;ks dk33-6 izfr'kr gSA

f'k{kk ½.k ,d ,slk vU; {ks=k Fkk ftl ij cSad us i;kZIr cy fn;kA;g fnukad 31-03-2008 dks 1035 djksM+ #i;s ls c<+dj fnukad31-3-09 dks 1559 djksM+ #i, gks x;kA bl çdkj blesa o"kkZuqo"kZ vk/kj ij 50-6 çfr'kr dh o`f¼ gqbZ gSA cSad us fuxfer ,oa iQhYM Lrjij fofHkUu f'k{kk laLFkkuksa ls rkyesy fd;s gSa rkfd f'k{kk ½.k dhekax dks iwjk fd;k tk ldsA

cSad us ½.k ewY;kadu@vuqeksnu ç.kkyh dks ljy vkSj dkjxj cuk;kgS] ftlds }kjk fu;e vk/kfjr ½.k çnku djus dk ekMy vkSj gc,oa Liksd ekMy ds varxZr fofHkUu [kqnjk ½.k ;kstuk,a T;knk çlkfjrgqbZ gSaA

etcwr vkSj xq.koÙkk vk/kfjr [kqnjk ½.k iksVZiQksfy;ks ds fuekZ.k dsfy, fuEufyf[kr {ks=kksa ij Hkh cy fn;k x;k gS%

� [kqnjk mRiknksa dk çfrLi/kZRed vxzrk lfgr dher fu/kZj.kdjuk

� vius fofHkUu [kqnjk ½.k mRiknksa ds laca/ esa vkWuykbu ½.kvkosnuksa dks çkIr djus ds fy, ç.kkyh dks etcwr djukA

� ½.k dh LohÑ[email protected] esa dk;kiyV le; esa deh djukA

� ns'k ds çR;sd Hkkx esa mRiknksa dks yksdfç; cukus ds fy,[kqnjk ekdZsfVax Vheksa ds fy, cy nsuk vkSj [kqnjk ½.k forj.kgsrq c<+kok nsukA

� [kqnjk mRiknksa dks ewY; ;ksftr cukuk rkfd mUgsa xzkgdksa dsvuqdwy cuk, j[kk tk ldsA

cSad us vkfLr;ksa dh xq.koÙkk dks cuk, j[kus rFkk lq/kj gsrq ¶[kqnjk½.k [kkrksa dh ekWfuVfjax]¸ dh ç.kkyh dks dM+kbZ ls dk;kZUo;u ijcy fn;k gSA

x) fons'kh eqæk dkjksckj

cSad us o"kZ 2008&09 ds nkSjku fu;kZr vkSj vk;kr ds VuZvksoj esaØe'k% 34]692 djksM+ #i, vkSj 44]481 djksM+ #i, dk dkjksckj

PNB 5-53.pmd 6/24/2009, 6:16 PM32

33

respectively. Export credit outstanding stood at Rs 7,518 crore

as at the end of March 2009.

Under precious metal business, Bank has achieved gold import

turnover of Rs 1,195 crore and silver import business of

around Rs 243 crore.

Bank has 165 branches authorised for handling foreign

exchange business (including 4 foreign exchange offices)

which are provided with the SWIFT connectivity. Bank has

approved 1,098 banks worldwide to facilitate trade

transactions of our clients. Besides, Bank has set up 11

specialised International Banking Branches (IBBs) at important

centres for dedicated service to our exporter/importer clients.

Bank has also opened International Service Branch at Delhi

to expeditiously handle all foreign inward remittances. Bank

is also in the process of opening a Centralised Back Office

for Trade Finance at Faridabad (Haryana), in order to

expeditiously process the export/import documents.

Bank has established a Back office (E-bay) at Delhi to centralise

account opening of NRIs in any of our branches in India, to

offer speedy services like issuance of pass book, cheque book,

ATM/Debit card as also Internet Banking Services.

Bank has set up Exchange Bureaus at important tourist centres

to facilitate encashment of foreign currency notes/travellers

cheques to foreign tourists/NRIs etc. Bank is also making

efforts to mobilise NRI investment in shares/debentures of

Indian Companies in secondary market under Portfolio

Investment Scheme (PIS).

Bank has entered into Rupee Drawing Arrangements (RDAs)

with 20 Exchange Houses in Gulf countries and one in

Singapore to facilitate remittances from NRIs. Since January

2008, all transactions through RDA arrangement have been

linked with CBS, thus enhancing our reach to more than

38 million customers and offering them real time banking

services for inward remittances. In addition, Bank has web

based remittance arrangements like Xpress Money, Money

Gram, Buy India online etc.

Bank has equity participation to the extent of 20 percent

with Everest Bank Limited (EBL, Nepal) along with a Technical

Services Agreement (TSA) to provide Top Management

support to them. Total business of EBL as on 31st March 2009

reached INR 3,230 crore. Bank has completed successful

migration to the ‘Finacle Core Banking Solution' of all its 28

branches and Head office.

D. Treasury Operations

During 2008-09, the yield on 91 day T-bill (Treasury-bill)

declined by 249 basis points (bps) to 4.66 percent from 7.15

percent as at March 31, 2008. Similarly, the yield on 364

day T-bill dropped by 250 bps to 4.80 percent from 7.30

percent as at March 31, 2008. The 10 year yield was at 7.01

percent at the end of March 2009 down from 7.94 percent

as on March 31, 2008. The spread between 1 year and 10

year Govt Securities increased to 190 bps as at

fd;k gS ftlesa o"kZ nj o"kZ fu;kZr VuZvksoj esa 17-7 çfr'kr dh o`f¼gqbZ gS vkSj vk;kr VuZvksoj esa #i;ksa esa 38-1 çfr'kr dh o`f¼ gqbZ gSAfu;kZr ½.k cdk;k ekpZ] 2009 dks 7]518 djksM+ #i;s FkkcgqewY; /krqvksa ds dkjksckj ds varxZr cSad us lksus ds vk;kr esa 1]195djksM+ #i, dk VuZvksoj vkSj pkanh ds vk;kr dkjksckj esa yxHkx 243djksM+ #i, dk VuZvksoj çkIr fd;k gSA

fons'kh eqæk ysu&nsu ds fy, cSad us 165 'kk[kkvksa dks çkf/Ñr fd;kgS (ftlesa 4 fons'kh eqæk dk;kZy; Hkh 'kkfey gS) ftuesa fLoiQVduSfDVfoVh dh lqfo/k miyC/ djkbZ xbZ gSA cSad us vius xzkgdksa dksO;kikj ds ysu&nsu dh lqfo/k çnku djus ds fy, fo'o Lrj ij1098 cSadksa dks vuqeksfnr fd;k gSA blds vfrfjDr cSad us viusfu;kZrd@vk;krd xzkgdksa dks ns'k ds çeq[k dsUæksa esa leiZ.k dh Hkkoukls lsok çnku djus ds fy, 11 fo'ks"k varjkZ"Vªh; cSafdax 'kk[kk,a(vkbZchch) Hkh LFkkfir dh gSaA cSad us fnYyh esa Hkh varjkZ"Vªh; lsok'kk[kk [kksyh gS rkfd lHkh fons'kh vkod foçs"k.kksa dks 'kh?kzrk lslapkfyr fd;k tk ldsA cSad us fu;kZr@vk;kr nLrkostksa dh çfØ;k dksrhozrk ls fuiVkus ds fy, iQjhnkckn (gfj;k.kk) esa Hkh O;kikj foÙk dsfy, dsUæh;Ñr cSd vkfiQl [kksys tkus dh çfØ;k 'kq: dh gSA

cSad us Hkkjr esa gekjh fdlh Hkh 'kk[kk esa vfuoklh Hkkjrh;ksa dkdsUæh;Ñr [kkrk [kksyus ds fy, fnYyh esa cSd vkfiQl LFkkfir fd;kgS ftlls fd mUgsa rhoz lsok,a tSls fd iklcqd@pSdcqd tkjh djuk],Vh,e@MsfcV dkMZ rFkk baVjusV cSafdax lsok,a çnku dh tk ldsaA

cSad us fons'kh i;ZVdksa@vfuoklh Hkkjrh;ksa vkfn dks fons'kh eqækuksV@;k=kh pSd Hkqukus dh lqfo/k çnku djus ds fy, çeq[k i;ZVudsUæksa esa ,Dlpsat C;wjks LFkkfir fd, gSaA cSad iksVZiQksfy;ks fuos'k ;kstuk(ihvkbZ,l) ds varxZr vuq"kaxh ckt+kj esa Hkkjrh; dEifu;ksa ds'ks;jksa@fMcsapjksa esa vfuoklh Hkkjrh;ksa dk fuos'k laxzfgr djus ds fy,Hkh ç;kl dj jgk gSA

cSad us vfuoklh Hkkjrh;ksa }kjk Hksts tkus okyh jdeksa dks lqxe cukusds fy, flaxkiqj esa 1 vkSj eè;iwoZ ns'kksa esa 20 fons'kh eqæk x`gksa] #i;kvkgj.k O;oLFkk (vkj-Mh-,-) 'kq: dh gSA tuojh 2008 ls #i;kvkgj.k O;oLFkk vkj-Mh-,- ds ekè;e ls gksus okys lHkh ysu&nsu dkslhch,l ds lkFk tksM+ fn;k x;k gS ftlls gekjs xzkgdksa dh la[;kc<+dj 38 fefy;u ls vf/d gks x;h gS vkSj ge mUgsa vkod foçs"k.kds fy, fj;y Vkbe cSafdax lsok,a çnku dj jgs gSa A blds vfrfjDrcSad ds ikl oSc vk/kfjr foçs"k.k O;oLFkk tSls fd ,Dlçsl euh]euhxzke] ckbZ bafM;k vkWu ykbu vkfn Hkh miyC/ gSaA

cSad us ,ojsLV cSad fyfeVsM (bZch,y] usiky) ls rduhdh lsok djkjds lkFk&lkFk 20 çfr'kr dh lhek rd bfDoVh lgHkkfxrk Hkh j[kh gSrkfd mUgsa 'kh"kZ çca/u lg;ksx çnku fd;k tk ldsA bZch,y dkfnukad 31 ekpZ 2009 dks dqy O;olk; vkbZ,uvkj esa 3230 djksM+FkkA cSad us viuh lHkh 28 'kk[kkvksa vkSj ç-dk- dks fiQusdy dksjcSafdax lek/ku esa liQyrk iwoZd ifjofrZr dj fn;k gSA

?k- dks"k ifjpkyu

o"kZ 2008&09 ds nkSjku vk; esa 91 fnu ds dks"k fcy (Vh fcy) ij31 ekpZ] 2008 dks 249 vk/kj fcanqvksa (chih,l) dh fxjkoV }kjk7-15 çfr'kr ls ?kVdj 4-66 gks xbZA blh Hkkafr 364 fnu ds dks"kfcy dh vk; 250 chih,l }kjk 31 ekpZ] 2008 dks 7-30 ls ?kVdj4-80 çfr'kr gks xbZA 10 o"khZ; vk; ekpZ] 09 dh lekfIr ls iwoZ7-01 Fkh tks fd 31 ekpZ] 08 dks 7-94 izfr'kr ls de gks xbZA,do"khZ; vkSj 10o"khZ; ljdkjh çfrHkwfr;ksa ds Ø;&foØ; dh njksa dkvarj 31 ekpZ] 2008 dks 37 chih,l ls c<+dj 31 ekpZ] 2009

PNB 5-53.pmd 6/24/2009, 6:16 PM33

34

March 31, 2009 from 37 bps as at March 31, 2008. The

average daily volume in the Gilt market increased to Rs 9,162

crore in 2008-09 from Rs.6,666 crore in the previous year.

Bank transferred Rs 2,105 crore worth of securities to Held

to Maturity in the first quarter of 2008-09 to insulate the

investment portfolio from interest rate risk. A loss of

Rs. 328 crore was booked on this transfer.

Bank continued its focus in Government securities, bonds,

equity, forex and derivative market to boost its trading

income. During 2008-09, the equity market witnessed

volatility. Sensex touched a low of 7697.39 in Oct 2008;

high of 17735.7 in May 2008 and traded in the range of

8000 - 10000 levels. Bank shifted focus on other trading

heads. Overall, the ‘Treasury’ has earned a trading profit of

around Rs. 665 crore against Rs 442 crore during the year

2007-08.

Bank’s Gross investment portfolio rose to Rs.63,385 crore as

on 31st March 2009 from Rs.53,992 crore as on 31st March

2008.

Bank had meticulously complied with statutory

prescriptions relating to CRR and SLR, compliance

under section 19(2) of Banking Regulation Act 1949

and prudential norms prescribed by the RBI.

E. Para Banking Initiatives

i) Mutual Fund Business

Bank is distributing and marketing Mutual Fund

products of UTI AMC as well, in addition to products

of Principal PNB AMC. The distribution facility is being

offered through 58 Circle Offices and more than 400

(NCFM) qualified officials are marketing these mutual

fund products.

ii) Gold Coin Business

Bank launched Gold Coins Scheme on Oct. 16, 2006.

Presently, Bank is selling Gold Coins of 5 gm, 8 gm, 10

gm and 20 gm.

iii) Depository Services

Bank is Depository Participant (DP) of NSDL since 1998.

The main DP at B/O Sansad Marg, New Delhi is

extending depository services to customers through

authorised branches spread across the country. To further

boost this segment, Bank has initiated steps for becoming

Depository Participant (DP) of CDSL also.

iv) Merchant Banking

During 2008-09, as Category –I Merchant Banker, Bank

has handled 8 assignments as “Banker to the Issue" and

51 assignments of dividend payment/refund orders etc.

Bank has also got a ‘Lead Manager & Underwriter’

assignment in a right issue. Besides, Bank is a Debenture

Trustee to 27 issues of different companies.

dks 190 chih,l gks x;kA o"kZ 2008&09 ds nkSjku fxYV ekfdZV esavkSlr nSfud jkf'k iwoZ o"kZ dh rqyuk esa 6-666 djksM+ #i;s ls c<+dj9-162 djksM+ #i;s gks xbZA

cSad us o"kZ 2008&09 dh çFke frekgh esa fuos'k iksVZiQksfy;ksa dks]C;kt dh nj ds tksf[ke ls cpus ds fy, ifjiDork ds fy, jksdh xbZ2105 djksM+ #i;s dh ewY; jkf'k dh çfrHkwfr;ksa dks varfjr fd;kA blvarj.k ls 328 djksM+ #i;s dh gkfu gqbZA

cSad us viuk è;ku ljdkjh çfrHkwfr;ksa] ckW.M] bfDoVh] fons'kh eqækvkSj O;wRiUu ckt+kj ij j[kk rkfd mldh viuh O;kikfjd vk; esao`f¼ gks ldsA o"kZ 2008&09 ds nkSjku bfDoVh ekfdZV esa vfLFkjrkns[kh xbZA lsalsDl esa vDVwcj] 2008 esa 7697]39 dh deh vkbZ tks fdebZ] 2008 esa 17735-7 dh Å¡pkbZ ij Fkk vkSj 8000&10000 ds Lrjksadh Js.kh esa O;kikj fd;kA cSad us viuk è;ku nwljs O;kikj 'kh"kks± ijyxk;kA dqy feykdj ^dks"k* esa o"kZ 2007&08 ds nkSjku 442 djksM+#i;s dh rqyuk esa yxHkx 665 djksM+ #i;s dk O;kikfjd ykHk vftZrfd;kA

cSad dk ldy fuos'k iksVZiQksfy;ks 31 ekpZ] 2008 dks 53]992 djksM+ls c<+dj 31 ekpZ] 2009 dks 63]385 djksM+ #i;s gks x;kA

cSad us udnh çkjf{kr vuqikr (lhvkjvkj) vkSj lkafof/dvFkZ&lqyHkrk vuqikr (,l,yvkj) laca/h lkafof/d vkns'kksa]cSafdax&fofu;eu vf/fu;e] 1949 dh /kjk 19(2) rFkk Hkkjrh;fjt+oZ cSad }kjk fuèkZfjr foosdiw.kZ ekun.Mksa dk o"kZ ds nkSjkulko/kuh ls ikyu fd;kA

Ä iSjk cSafdax igy

i) E;wpqvy iQ.M dkjksckj

cSad fçalhiy ih,uch,,elh ds E;wpqvy iQ.M mRiknksa dslkFk&lkFk ;wVhvkbZ,,elh mRiknksa ds forj.k vkSj ekdZsfVax dkdk;Z dj jgk gSA forj.k dh lqfo/k cSad ds 58 e.Mydk;kZy;ksa vkSj 400 ls vfèkd (,ulh,iQ,e) vgZrk çkIrvf/dkfj;ksa }kjk bu E;wpqvy iQ.M mRiknksa dh ekdZsfVax djdsiwjh dh tk jgh gSA

ii) lksus ds flDdksa dk dkjksckj

cSad us lksus ds flDdksa ;kstuk 16-10-2006 dks vkjEHk dh FkhAorZeku esa cSad 5 xzke] 8 xzke] 10 xzke vkSj 20 xzke ds lksusds flDdksa dh fcØh dj jgk gSA

iii) fMiksftVjh dkjksckj

cSad] 1998 ls ,u,lMh,y dk fMiksftVjh lgHkkxh (Mhih) gSAbldk eq[; Mh-ih-] tks fd 'kk[kk dk;kZy;] laln ekxZ]ubZ fnYyh esa fLFkr gS] ns'k Hkj esa iQSyh çkf/Ñr 'kk[kkvksa dsekè;e ls xzkgdksa dks fMiksftVjh lsok,a çnku dj jgk gSA cSadus bl dk;Z dks vkxs c<+kus ds fy, lhMh,l,y ds fMiksftVjhlgHkkxh (Mh-ih-) cuus ds fy, dne mBk;s gSa A

iv) epZs.V cSafdax

Js.kh&1 epZs.V cSadj ds :i esa cSad us foÙk o"kZ 2008-09 dsnkSjku ^fuxZe dk cSadj* ds :i esa 8 dk;ks± dks iwjk fd;k gS vkSjykHkka'k [email protected] vkMZj vkfn ds 51 dk;ks± dks iwjk fd;kgSA cSad dks vf/dkj fuxZe esa ^yhM eSustj vkSj vaMjjkbVj* dkdk;Z Hkh çkIr gqvk gSA blds vfrfjDr] cSad fofHkUu dEifu;ksa ds27 fuxZeksa dk fMcsapj VªLVh dk dk;Z Hkh dj jgk gSA

PNB 5-53.pmd 6/24/2009, 6:16 PM34

35

Bank has taken steps to register itself with the SEBI as

Self Certified Syndicate Bank (SCSB) and its selected

branches are offering the facility of submitting

application in public issue (IPO/FPO/Right issue)

through the Application Supported by Blocked Account

(ASBA) process.

Bank has set up a 100 percent owned Merchant Banking

subsidiary i.e. PNB Investment Services Ltd. exclusively

for Merchant Banking activities.

v) Cash Management Services

To cater to the corporate requirements, Bank has

implemented a new CMS software which can handle

large transactions of all Cash Management functions

including Payments, Collection, Receivable

Management, Bulk Payment, Post Dated Cheque

Management, Remittances, etc.

This is accesible by all Core Banking Branches (CBS).

Corporate customers can view/monitor their accounts,

generate reports and pass instructions to the Bank by

accessing the services over the internet. It has a very

flexible MIS with facility of generating customised MIS

by the Corporate Customer himself. The facility will be

available through all CBS branches spread across 2565

locations.

vi) Electronic Clearing Services

Bank is providing ECS (credit/debit) facility at

49 centers. Out of the above, our Bank is managing

ECS operations at 13 centers.

F. Government Business

The customer of CBS branches are able to use e-system for

payment of Central Excise, Service Tax & Direct Taxes. EASIEST

(Electronic Accounting System in Excise & Service Tax) has

been customised in CBS system to facilitate the working at

authorised branches. Bank has also introduced computerised

receipt against deposit of Direct / Indirect Taxes.

Bank has established centralised e-Focal Point Branches at

Chennai and Mumbai for Excise Duty and Service Tax receipt

through e-System in addition to existing EDI Centres with

custom. The branches at Garhi Harsaru (Haryana) and Dadri

(U.P.) have been selected for installation of EDI Software for

payment of custom duty.

Bank has successfully launched uploading of data through

web-portal of Sarva Siksha Abhiyan in 19 Districts of Haryana

under the guidance of Ministry of Human Resource, Govt. of

India. Core Accounting Solution (e-Lekha) module for

centralised accounting system of various ministries has been

developed, successfully tested and implemented.

Bank has also introduced the system of ICCOMS (Integrated

Currency Chest Operation & Management System) for

reporting of data through RBI Website. As on date, all the

Currency Chests are equipped with the ICCOM System which

has facilitated them to load the data files for reporting of

transactions without delay. Therefore, the chances of levy of

penalty by RBI has been reduced to a minimum level.

cSad us Lo;a dks lSYiQ flafMdsV cSad (,llh,lch) ds :i esa,lbZchvkbZ esa iathÑr djus ds fy, dne mBk;s gSa vkSj mldhp;fur 'kk[kk,a vo#¼ [kkrk çfØ;k }kjk lefFkZr vkosnu(,,lch,) ds ekè;e ls lkoZtfud fuxZe (vkbZihvks@ihihvks@jkbZV) (fuxZe) esa vkosnu çLrqr djus dh lqfo/k çnkudj jgh gSaA

cSad us epZs.V cSafdax dk;ks± ds fy, fo'ks"k :i ls epZs.V cSafdaxvuq"kaxh vFkkZr ih,uch fuos'k lsok,¡ fy-] tksfd mldh 100çfr'kr LokfeRo okyh] LFkkfir dh gSA

v) udnh çca/u lsok

fuxfer vis{kkvksa dksa iwjk djus ds fy, cSad us ,d u;klh,e,l lkWÝVos;j ykxw fd;k gS tks leLr udnh izca/udk;ksZa ds cM+s ysu&nsuksa dk fuiVkjk dj ldrk gSA ftlesaHkqxrku olwyh çkI; izca/u] Fkksd Hkqxrku] i'; fnukafdr pSdizca/u] laizs"k.k vkfn 'kkfey gSaA

;g gekjh lHkh dksj cSafdax 'kk[kkvksa (lhch,l) esa miyC/ gSAfuxfer xzkgd vius [kkrksa ds ns[k@ekWuhVj dj ldrs gS] fjiksVZfudky ldrs gS vkSj baVjusV lsokvksa ds }kjk cSad dks vuqns'kns ldrs gSA ;g cSad dk ÝySfDlcy ,e-vkbZ-,l- gS ftlesafuxfer xzkgd Lo;a viuh vko';drk ds vuqlkj ,evkbZ,lfudky ldrk gSA ;g lqfo/k 2565 LFkkukssa ij miyC/ lhch,l'kk[kkvksa esa gSaA

vi) bySDVªkWfud fDy;fjax lsok

cSad }kjk 49 dsUæksa ij bZlh,l (ØsfMV@MsfcV) lqfo/k çnkudh tk jgh gSA mi;qZDr~ ds lkFk&lkFk gekjk cSad 13 dsUæksa ijbZlh,l ifjpkyuksa dk çca/u dj jgk gSA

p) ljdkjh dkjksckj

lhch,l 'kk[kkvksa dk xzkgd dsUæh; mRikn 'kqYd] lsok 'kqYd vkSjçR;{k djksa ds Hkqxrku ds fy, bZ&flLVe ds mi;ksx ds fy, l{ke gSAbZ,,lvkbZbZbZ,lVh (mRikn vkSj lsok dj esa ys[kk ç.kkyh) dks lhch,lç.kkyh esa 'kq: fd;k x;k gS rkfd çkf/Ñr 'kk[kkvksa esa dk;Zpkyu dkslqfo/ktud cuk;k tk ldsA cSad us çR;{k@vçR;{k djksa dks tekdjus ds fy, dEI;wVjhÑr çkfIr lsok 'kq: dh gSA

cSad us gjlk: lhek&'kqYd ds orZeku bZMhvkbZ dsUæksa ds vfrfjDrbZ&flLVe ds ekè;e ls mRikn 'kqYd vkSj lsok dj çkfIr gsrq psUubZvkSj eqECbZ esa dsUæh;Ñr bZ7&iQksdy IokbaV 'kk[kk,a LFkkfir dh gSaAx<+h gjlk: (gfj;k.kk) vkSj nknjh (;w-ih-) esa fLFkr 'kk[kkvksa dkslhek&'kqYd ds Hkqxrku ds fy, bZMhvkbZ lkWÝVos;j dh LFkkiuk gsrqpquk x;k gSA

cSad us ekuo lalk/u fodkl ea=kky;] Hkkjr ljdkj] ubZ fnYyh dsekxZn'kZu esa gfj;k.kk ds 19 ftyksa esa loZ f'k{kk vfHk;ku ds osc&iksVZyds ekè;e ls vkadM+ksa dks liQyrkiwoZd viyksM djuk 'kq: fd;k gSA fofHkUu ea=kky;ksa dh dsUæh;Ñr ys[kk ç.kkyh ds fy, dksj ys[kklkWY;w'ku (bZ&ys[kk) ekM;wy fodflr fd, x, gSa vkSj budkliQyrkiwoZd ijh{k.k rFkk dk;kZUo;u fd;k x;k gSA

cSad us Hkkjrh; fjt+oZ cSad dh osclkbV ds ekè;e ls vk¡dM+ksa dksfjiksVZ djus ds fy, vkbZlhlhvks,e,l (,dhÑr djsalh psLV ifjpkyuvkSj çca/u ç.kkyh) Hkh 'kq: fd;k x;k gSA orZeku esa lHkh djsalhpSLVksa esa vkbZlhlhvks,e ç.kkyh miyC/ djkbZ xbZ gS] ftlls fcukfdlh foyEc ds ysu&nsu dh fjiksfV±x ds fy, vk¡dM+ksa dh iQkbyksa dksyksM fd;k tk ldrk gSA vr% Hkkjrh; fjt+oZ cSad }kjk n.M yxkus dsvoljksa esa dkiQh deh vkbZ gSA

PNB 5-53.pmd 6/24/2009, 6:16 PM35

36

During 2008-09, Bank has opened 8 Currency Chests, thus

increasing the number of Currency Chests to 192.

Bank has established centralised pension processing centre

to facilitate the pensioners, as the pension will be disbursed

from a single point for which necessary infrastructure has

been initiated, software is duly tested and the Bank is likely

to begin the disbrusement of pension from the beginning of

the financial year 2009-10.

Bank has completed the exercise of disbursal of 40 percent

arrears in all the pension paying authorised branches on

6th

Pay Commission as per Govt. of India guidelines.

6. Support System

A) Branch Network

At the end of March, 2009, total number of domestic

branches of the Bank was 4427 comprising of 1908 rural,

911 semi-urban, 891 urban and 717 metropolitan branches.

Bank also has 3 foreign branches at Kabul (Afghanistan), Hong

Kong and Mumbai (Offshore Banking Unit).

During 2008-09, Bank opened 168 branches, out of which

90 are new branches and 78 branches have been added

through upgradation of Extension Counters. With 4665

Offices, including 238 Extension Counters, the Bank has the

largest network amongst the group of Nationalised Banks.

To give concerted attention to specialised areas, the Bank

has 124 specialised Branches, i.e 50 Branches for Micro, Small

& Medium Enterprises; 11 International Banking

Branches; 12 Asset Recovery Management Branches;

10 Mid Corporate Branches; 7 Large Corporate Branches;

8 Trade Finance Branches; 5 High Value Branches; 4 Retail

Lending Branches; 12 Agriculture Finance Branches;

2 Personal Banking Branches; 2 Capital Market Services

Branches and 1 International Service Branch. Besides, the Bank

has 72 Retail HUBs; 4 Foreign Exchange Offices;

65 Back Offices and 1 All Ladies Branch.

For better delivery of services and focussed business growth,

Bank has introduced the concept of Branch Segmentation

under which the branches of the Bank have been segmented

into four categories namely, Rural, Retail, MSME and

Corporate/Commercial, to give focussed attention to these

sectors, while each unit shall continue to extend the normal

products and services to all its customers.

Bank has also received 103 ‘Authorisations’ from RBI for

opening branches in the under banked districts of the country

and in North Eastern States.

B) International Presence

Our vision is to systematically achieve the aspiration of

becoming a truly Global universal Bank. We are also looking

for presence in countries with language affinity, countries

where we have substantial existing/evolving Bilateral Trade

and to achieve geographical footprint in different time

zones.

Bank has presence in 8 countries – (i) one branch each at

Kabul & Hongkong. Bank’s second branch in Hong Kong at

Kowloon has been operationalised since April 2009;

cSad us o"kZ 2008&09 ds nkSjku 8 djsalh pSLV [kksys gSa] ftlls djsalhpSLVksa dh la[;k c<+dj 192 gks xbZ gSA

cSad us isa'kujksa dh lqfo/k ds fy, dsUæh;Ñr isa'ku lalk/u dsUnzLFkkfir fd;s gSa] ftlls fd ,sls ,dy fcUnq ls isa'ku laforfjr dhtk;sxh] tgk¡ vko';d vk/kjHkwr lqfo/kvksa dks lkWÝVos;j ls ;qDrcuk;k x;k gS vkSj cSad }kjk foÙkh; o"kZ 2009&10 ds vkjaHk esa isa'kudk laforj.k 'kq: fd, tkus dh laHkkouk gSA

cSad us NBs osru vk;ksx ds Hkkjr ljdkj ds fn'kk&funZs'kksa ds vuqlkjlHkh isa'kuksa esa 40 çfr'kr dk cdk;k laforfjr djus dk viuk dk;Ziwjk dj fy;k gSA

6) lg;ksx ç.kkyh

d) 'kk[kkvksa dh la[;k

ekpZ] 2009 ds var esa cSad dh ?kjsyw 'kk[kkvksa dh dqy la[;k 4427Fkh, ftuesa 1908 xzkeh.k] 911 v/Z'kgjh] 891 'kgjh vkSj 717egkuxjh; 'kk[kk,a gSaA cSad dh 3 fons'kh 'kk[kk,a dkcqy viQxkfuLrku]gk¡x&dk¡x vkSj eqEcbZ esa vkiWQ'kksj cSafdax ;wfuV gSaA

o"kZ 2008&09 ds nkSjku cSad us 168 'kk[kk,a [kksyh gSa] ftuesa 90

'kk[kk,a ubZ gSa vkSj 78 'kk[kk,a foLrkj iVyksa dk nt+kZ c<+kus ds

ifj.kkLo:i gSaA 4665 dk;kZy;ksa] ftuesa 238 foLrkj iVyksa lfgr cSaddk usVodZ jk"Vªh;Ñr cSadksa ds lewg ds eè; lcls cM+k gSA fo'ks"khÑr

{ks=kksa esa laxfBr :i ls è;ku nsus ds fy, cSad us 124 fo'ks"khÑr

'kk[kk,a [kksyh gSa vFkkZr 50 'kk[kk,a ekbØks] y?kq vkSj eè;e Js.kh dsm|eksa ds fy, gSa] 11 varjkZ"Vªh; cSafdax 'kk[kk,a] 12 vkfLr olwyh

çca/u 'kk[kk,a] 10 feM dkjiksjsV 'kk[kk,a 7 yktZ dkjiksjsV 'kk[kk,a] 8

O;kikj foÙk 'kk[kk,a] 5 gkbZoSY;w 'kk[kk,a 4 [kqnjk ½.k 'kk[kk,a] 12Ñf"k foÙk 'kk[kk,a 2 O;fDrxr cSafdax 'kk[kk,a 2 dSfiVy ekfdZV lsok

'kk[kk,a vkSj ,d varjkZ"Vªh; lfoZl 'kk[kk gSA blds vfrfjDr] cSad ds

72 [kqnjk gc gSa] 4 fons'kh [kqnjk dk;kZy; gS] 65 cSd vkWfiQl vkSj,d leLr efgyk 'kk[kk gSA

lsokvksa dh csgrj lqiqnZxh rFkk O;olk; ds fodkl ij è;ku nsus dsfy, cSad us 'kk[kk [k.Mhdj.k dh ladYiuk 'kq: dh gS] ftldsvarxZr cSad 'kk[kk,a pkj Jsf.k;ksa esa foHkkftr dh xbZ gSa] tksfd xzkeh.k][kqnjk] ,e,l,ebZ vkSj [email protected];d gSa] ftlls bu {ks=kksa esa è;kudsfUær fd;k tk;sxk] rFkkfi] çR;sd ;wfuV vius lHkh xzkgdksa dkslkekU; mRikn vkSj lsok, çnku djrh jgsxhA

cSad dks Hkkjrh; fjt+oZ cSad ls 'kk[kk,a [kksyus ds fy, 103 îzkfèkdkji=k* Hkh çkIr gq, gSa] tks ns'k ds cSad&lqfo/k ;qDr ftyksa rFkk mÙkjiwohZ jkT;ksa esa [kksyh tk;saxhA

[k) varjkZ"Vªh; ekStwnxh

;g gekjk fotu gS fd cSad lPps ek;us esa lqO;ofLFkr :i lsvarjkZ"Vªh; Lrj ij oSf'od cSad cusA bl ç;kl ds ekè;e ls ge ,dvksj rks vius mu xzkgdksa dh lsok djuk pkgrs gSa tks Hkw&e.Myhdj.kdks viuk jgs gSa vkSj nwljh vksj mu vla[; xzkgdksa rd igq¡puk pkgrsgSa tks vfuoklh Hkkjrh;@Hkkjrh; ewy ds gSaA ge mu ns'kksa esa Hkh 'kk[kk,a[kksyuk pkgrs gSa tgka dh Hkk"kk vkSj dkuwu dh gekjs ns'k ls lekurkgS] ftu ns'kksa ds lkFk f}i{kh; O;kikj fd;k tk jgk gks@'kq: fd;ktkuk gS rFkk fofHkUu ns'kksa esa ge viuh igpku cukuk pkgrs gSaA

cSad dk foLrkj 8 ns'kksa esa gSa (i) dkcqy ,oa gkaxdkax esa ,d&,d'kk[kkA gkaxdkax ds dksywu esa cSad dh nwljh 'kk[kk vçSy] 2009 ls

PNB 5-53.pmd 6/24/2009, 6:16 PM36

37

(ii) Representative offices at Almaty (Kazakhstan), Dubai

(UAE), Shanghai (China) and Oslo (Norway); (iii) Bank has a

subsidiary, PNB International Ltd (PNBIL) in UK with 4

branches, one each at Southhall & Gresham Street (May,

2007) and Leicester & Birmingham (April, 2009) and (iv) Bank

also has a joint venture in Nepal with Everest Bank Ltd, where

Bank provides management support under Technical Services

Agreement (TSA).

Bank has also received RBI approval for setting up of a

subsidiary at Vancouver (Canada); an Offshore Banking Unit

at Singapore; upgradation of Representative Office at

Shanghai to a branch and opening a branch in DIFC, UAE.

The applications are under process with respective overseas

regulators. Bank also plans to upgrade its representative office

at Norway into a branch.

Bank is in the process of setting up a JV Bank in Bhutan for

which approval from RBI and in principle approval from Royal

Monetary Authority has been obtained.

C) Risk Management

The risk management philosophy & policy of the Bank is an

embodiment of the Bank’s approach to understand, measure

and manage risk and aims at ensuring sustained growth of

healthy asset portfolio. This would entail in reducing exposure

in high risk areas, emphasising more on the promising

industries, optimising the return by striking a balance between

the risk and the return on assets and striving towards

improving market share to maximise shareholders’ value.

Bank has robust credit risk framework and has already placed

credit risk rating models on central server based system

‘PNB TRAC’, which provides a scientific method for assessing

credit risk rating of a client. Taking a step further during the

year, the Bank has developed and placed on central server

score based rating models in respect of retail loans. These

processes have helped the Bank to achieve fast & accurate

delivery of credit; bring uniformity in the system and facilitate

storage of data and analysis thereof.

Bank has in place a well defined organisational structure for

market risk management functions, which looks into the

process of overall management of market risk viz. interest

rate risk & liquidity risk and implement methodologies for

measuring and monitoring the same. Tools like stress testing,

duration, modified duration, VaR, etc are being used effectively

in managing risk in the Treasury operations. Bank has actively

shuffled the portfolio to improve profitability within risk limits.

Despite high volatility of the liquidity position in the system

during the year, the Bank’s liquidity position remained

comfortable. Asset liability management of the Bank is done

on proactive basis to manage any eventuality. With Core

Banking Solution (CBS) covering entire branch network, the

Asset Liability Management in respect of all assets and

liabilities is being done on daily basis.

dk;Z dj jgh gS] (ii) vyekVh (dtkfdLrku)] nqcbZ (;w,bZ] 'ka?kkbZ(phu) ,oa vksLyks (ukoZs) esa çfrfuf/ dk;kZy;] (iii) ;wds esa 4'kk[kkvksa] lkmFk gky rFkk xzs'ke LVªhV esa ,d&,d 'kk[kk (ebZ2007) rFkk ysflLVj ,oa cjfea?ke esa ,d&,d 'kk[kk (vçSy2009) lfgr ih,uch baVjuS'kuy fyfeVsM (ih,uchvkbZ,y)] (iv)

usiky esa ,ojsLV cSad fyfeVsM ds lkFk cSad dk TokbaV osapj gS tgkacSad VSfDudy lfoflZt ,xzhesaV (Vh,l,) ds varxZr çca/u lgk;rkmiyC/ djkrk gSA

cSad dks oSadwoj (dukMk) esa vuq"kaxh dk;kZy;] flaxkiqj esa vkWiQ 'kksjcSafdax bdkbZ LFkkfir djus rFkk 'ka?kkbZ esa çfrfuf/ dk;kZy; dk ntkZc<+kdj 'kk[kk cukus ,oa MhvkbZ,iQlh] ;w,bZ esa 'kk[kk [kksyus ds fy,Hkh Hkkjrh; fjt+oZ csad dk vuqeksnu çkIr gks x;k gSA buds vkosnu&i=kksaij lacaf/r vksojlht+ fu;kedksa ds lkFk dkjZokbZ dh tk jgh gS A ukoZsesa vius çfrfuf/ dk;kZy; dks vixzsM dj 'kk[kk dk ntkZ nsus ds fy;sHkh cSad dh ;kstuk gSA

cSad HkwVku es la;qDr m|e cSad LFkkfir djus gsrq çfØ;kjr gS ftldsfy, Hkkjrh; fjt+oZ cSad ls vuqeksnu rFkk jk;y ekWfuVjh vFkksfjVh lsHkh fl¼karr% vuqeksnu çkIr dj fy;k x;k gSA

(x) tksf[ke çca/u

cSad dk tksf[ke çca/u n'kZu vkSj uhfr ;g gS fd cSad] mlds }kjktksf[ke dks le>us] vkdyu djus rFkk çca/u djus ds çfr mldsn`f"Vdks.k dk ewrZ :i gS vkSj mldk mís'; gS vPNh vkfLr iksVZiQksfy;ksdh cuk, j[kh xbZ o`f¼ dks lqfuf'pr djukA ;g mPp tksf[ke {ks=kksaesa ½.k tksf[ke dks de djus ds fy, lgk;d gksxk rFkk tksf[ke ,oavkfLr;ksa dh vk; ds eè; larqyu cuk;s j[kus ds }kjk mnh;ekum|ksxksa] vk; ds b"Vre Lrj dks çkIr djus ij T;knk egRo çnkudjsxk ,oa 'ks;j/kjdksa ds ewY; dks vf/dre cukus ds fy, cktkj ds'ks;j dks lq/kjus ds fy, ç;kl djsxkA

cSad ds ikl etcwr ½.k tksf[ke <k¡pk gS vkSj lsaVªy loZj vk/kfjrç.kkyh ij ½.k tksf[ke nj fu/kZj.k ekWMy ij igys ls fo|eku gS]tks xzkgd ds ½.k tksf[ke nj fu/kZj.k dk ewY;kadu djus ds fy,oSKkfud rjhdk çnku djrk gSA o"kZ ds nkSjku blls vkxs dk;Z djrsgq, cSad us [kqnjk cSafdax ds ckjs esa lsaVªy loZj Ldksj vk/kfjr nj fu/kZj.k ekWMyksa dks fodflr fd;k vkSj ml ij bUgsa j[kk gSA bu çfØ;kvksals cSad dks ½.k dh lgh lqiqnZxh] ç.kkyh esa ,d lekurk ykus vkSjvkadM+ksa ds Hk.Mkj.k ,oa mlds fo'ys"k.k dh lqfo/k dks çkIr djus esaenn feyh gSA

ekdZsV laca/h tksf[ke ds çca/u ds fy, cSad dk ,d lqifjHkkf"krlaxBukRed ra=k gS tks ekdZsV laca/h tksf[ke ds çca/u dh çfØ;k tSlsfd C;kt nj tksf[ke vkSj vFkZ&lqyHkrk tksf[ke ,oa muds vkdyurFkk ekWfuVfjax ds fy, fl¼karksa ds dk;kZUo;u dk dk;Z djrk gSA dks"kifjpkyuksa esa tksf[ke çca/u ds fy, ncko laca/h tk¡p] vkofèkdrk]la'kksf/r vkof/drk] oh,vkj vkfn tSls lk/uksa dk bLrseky çHkko'kkyh<ax ls fd;k tkrk gSA cSad us iksVZiQksfy;ks dks lfØ;rk ls cnyk gSrkfd tksf[ke ifjlhekvksa ds Hkhrj ykHkçnrk esa lq/kj yk;k tk ldsA

o"kZ ds nkSjku ç.kkyh esa py fuf/ dh fLFkfr dh mPp vfLFkjrk ds

ckotwn Hkh cSad dh py fuf/ dh fLFkfr lgt cuh jghA cSad dh

vkfLr ns;rk dk çca/u fdlh Hkh foijhr fLFkfr ls fuiVus ds fy,

lfØ; cuk jgkA lHkh 'kk[kkvksa ds lhch,l gks tkus ij lHkh vkfLr;ka

vkSj ns;rkvksa ds ckjs esa vkfLr ns;rk çca/u nSfud vk/kj ij iwjk

fd;k tk jgk gSA

PNB 5-53.pmd 6/24/2009, 6:16 PM37

38

New Capital Adequacy Framework

Bank has migrated to New Capital Adequacy Framework

(NCAF), popularly known as Basel II w.e.f March 2008. The

approaches prescribed by the ‘Regulator,’ namely

Standardised Approach under Credit Risk and Basic Indicator

Approach under Operational Risk have been implemented.

The Bank had adopted Standard Duration Approach for

Market Risk, since March 2006. Bank’s proactive approach

towards implementation of Basel II guidelines has not only

helped in smooth implementation but also resulted in

considerable savings on capital requirement. Bank is gearing

itself to adopt the advanced approaches in due course of

time under different risks.

D) Credit Audit & Review

Credit Audit & Review Division (CARD) was formed in January

2002 as a part of Loan Review Mechanism (LRM) to examine

compliance with extant sanction and post-sanction processes/

procedures laid down by the Bank from time to time. This

mechanism has been used as an effective tool for constantly

evaluating the quality and risk of loan portfolio of the Bank

and to bring about qualitative improvement in credit

administration.

During 2008-09, on-site credit audit has been conducted for

loan accounts in standard category with total exposure of

Rs.8 crore & above and identified high risk accounts with

outstanding balance of Rs.1 crore & above. Further, 5 percent

of accounts (selected on random basis) with exposure

between Rs.5 crore and Rs.8 crore and outstanding balance

of Rs.3 crore and above are also subjected to Credit Audit.

During this period, Credit Audit was completed in 1,529

accounts covering 52 percent of credit portfolio against the

RBI requirement of at least 30 to 40 percent of credit portfolio

to be reviewed every year.

E) Internal Control

Bank lays emphasis on identification, measurement,

monitoring and mitigation of risks in day-to-day operations.

During the year, 748 branches were under concurrent audit,

covering 73.22 percent of advances, 55.21 percent of

deposits and 62.85 percent of the Bank’s total business, which

is in line with RBI stipulation with regard to coverage of

branches/business under concurrent audit. Efforts were taken

to ensure strict compliance of directions/guidelines issued

by the regulatory bodies.

Concurrent audit of select branches was got done from

the approved Charterted Accountant (CA) firms on the

Bank’s panel. The audit of remaining concurrent and non

concurrent branches was conducted by Bank’s Internal

Auditors. Bank’s branches are presently categorised as Low

Risk (360), Medium Risk (3,635) and High Risk (314).

There is no branch either in Very High Risk or Extremely

High Risk categories.

Besides, Information System (IS) audit was also got

conducted by Information System Auditor (ISA) / Certified

Information System Auditor (CISA)/ Certified Information

System Security Professional (CISSP). IS audit is an

examination of the controls within an Information

u;k iwath i;kZIrrk <kapk

cSad us ekpZ] 2008 ls u, iwath i;kZIrrk <kaps (,ulh,,iQ) tks fdlkekU;r;k csly–II ds :i esa tkuk tkrk gS] esa varfjr fd;k gSA^fofu;ked* }kjk fu/kZfjr n`f"Vdks.k vFkkZr ½.k tksf[ke ds varxZrekudhÑr n`f"Vdks.k vkSj ifjpkyukRed tksf[ke ds varxZr ewyladsrd n`f"Vdks.k dks dk;kZfUor dj fn;k x;k gSA blls iwoZ cSad usekpZ] 2006 ls ekfdZV tksf[ke ds fy, ekud vof/ n`f"Vdks.k dksviuk;k FkkA cSad dk csly&2 ds fn'kkfunZs'kksa dks dk;kZfUor djus dhfn'kk esa vxzlfØ; nf"Vdks.k u dsoy vklkuh ls dk;kZUo;u esa lgk;rkçnku djrk gS cfYd iwath vko';drkvksa dh cgqr vf/d cpr Hkhdjrk gSA cSad fofHkUu tksf[keksa ds vUrxZr le; ds lkFk&lkFk mUurnf"Vdks.k dks viukus ds fy, rS;kjh Hkh dj jgk gSA

?k) ½.k ys[kk&ijh{kk ,oa leh{kk

½.k ys[kk&ijh{kk ,oa leh{kk çHkkx (lh,vkjMh) ½.k leh{kk ra=k(,yvkj,e) ds Hkkx ds :i esa tuojh] 2002 esa LFkkfir fd;k x;kFkk] ftldk dk;Z cSad }kjk le;≤ ij fu/kZfjr dh xbZ orZekulaLohÑfr;ksa vkSj laLohÑfr ds i'pkr~ çfØ;kvksa@dk;Zfof/ ds vuqikyudh tkap djuk gSA bl ra=k dk mi;ksx cSad ds ½.k iksVZiQksfy;ks dhxq.koÙkk vkSj tksf[ke ds fujUrj ewY;kadu ds fy, çHkkoh lk/u ds:i esa fd;k x;k gS vkSj ½.k ç'kklu esa xq.koÙkkRed lq/kj ykus dsfy, Hkh bldk mi;ksx fd;k x;k gSA

o"kZ 2008&09 ds nkSjku ekud Js.kh ds mu ½.k[kkrksa esa] ftudk dqy½.k tksf[ke 8 djksM+ #i;s vkSj mlls vf/d gS rFkk os mPp tksf[keokys fofufnZ"V [kkrs ftuesa ,d djksM+ :i;s vkSj mlls vf/d dkcdk;k 'ks"k gS] vkWu&lkbV ys[kk&ijh{kk dh xbZ gSA blds vfrfjDr 5djksM+ #i;s ls 8 djksM+ #i;s rd ds chp dh jkf'k ds ½.k[kkrs vkSj3 djksM+ #i;s rFkk mlls vf/d jkf'k ds cdk;k okys [kkrksa ds 5çfr'kr ½.k [kkrksa (jsaMe vk/kj ij p;fur fd;s x,) dh Hkh blhHkkafr ½.k ys[kk&ijh{kk dh tk;sxhA bl vof/ ds nkSjku 1529 [kkrksadh ½.k ys[kk ijh{kk iwjh dh xbZ] tks ½.k iksVZiQksfy;ksa dk 52 çfr'krgS tcfd bl gsrq Hkkjrh; fjt+oZ cSad dh vis{kk çfro"kZ ½.kiksVZiQksfy;ksa dk de ls de 30 ls 40 çfr'kr gS

Ä) vkarfjd fu;U=k.k

cSad us nSfud ifjpkyu esa tksf[ke dk irk yxkus] mlds vkadyu]ekWfuVfjax vkSj mls de djus ij cy fn;k gSA o"kZ ds nkSjku] 748 'kk[kkvksadh laxkeh ys[kk&ijh{kk dh xbZ] ftlds }kjk vfxzek s a dk73-22 çfr'kr] tekjkf'k;ksa dk 55-21 çfr'kr vkSj cSad ds dqy dkjksckjdk 62-85 çfr'kr iwjk fd;k x;k] tks laxkeh ys[kk ijh{kk ds vUrxZr'kk[kkvksa@dkjksckj dks iwjk djus ds ckjs esa Hkkjrh; fjt+oZ cSad dh 'krks± dsvuq:i gSA fofu;ked fudk;ksa }kjk tkjh fd, x, funZs'kksa@fn'kkfunZs'kksa dkdM+kbZ ls ikyu lqfuf'pr djus ds fy, ç;kl fd; tk jgs gSaA

- p;fur 'kk[kkvksa dh laxkeh ys[kk&ijh{kk cSad ds iSuy esa vuqeksfnrpkVZfjr ys[kkdkjksa (lh,) }kjk dh xbZ gSA 'ks"k laxkeh vkSj xSj&laxkeh'kk[kkvksa dh ys[kk&ijh{kk cSad ds vkarfjd ys[kk&ijh{kdksa }kjk iwjh dhxbZ gSA orZeku esa cSad dh 'kk[kkvksa dks de tksf[ke (360) eè;etksf[ke (3635) vkSj mPp tksf[ke (314) dh Jsf.k;ksa esa ckaVk x;kgS, rFkkfi cgqr vf/d mPp tksf[ke ;k vR;kf/d mPp tksf[ke Js.khesa dksbZ 'kk[kk ugha gSA

blds vfrfjDr lwpuk ç.kkyh ys[kk&ijh{kk (vkbZ,l)@çekf.kr lwpukç.kkyh ys[kk&ijh{kd (lhvkbZ,l,)@çekf.kr lwpuk ç.kkyh lqj{kkO;olk;h (lhvkbZ,l,lih) }kjk Hkh lwpuk ç.kkyh ys[kk&ijh{kk dhtkrh gSA lwpuk ç.kkyh ys[kk&ijh{kk, lwpuk çkS|ksfxdh (vkbZVh)laca/h vk/kkj&Hkwr lqfo/kvksa ds vkUrfjd fu;U=k.kksa dh tkap gSA

PNB 5-53.pmd 6/24/2009, 6:16 PM38

39

Technology (IT) infrastructure. The Branches/Offices are

subjected to IS audit in accordance with IS audit policy for

computerised environment, duly approved by the Audit

Committee of the Board (ACB).

Audit Committee of the Board (ACB) oversees the

performance of audit functions on a regular basis. Besides,

Bank is subjected to Annual Financial Inspection (AFI) by the

RBI and audit by Central Statutory Auditors. Wherever

considered necessary, they give directions for further

improvement in effectiveness of the audit system and better

internal controls in the Bank.

Bank is in the process of taking various initiatives to make

use of Information Technology (IT) in its audit system, which

includes the following:-

� Automation of Risk Based Internal Audit system

(e-RBIA) wherein formats would be available on

computer network and auditors would be preparing

and submitting reports On-line. The proposed system

is under trial.

� “Remote Revenue Audit" and “Remote Access Audit"

have been initiated as an off site audit mechanism and

exercise is being carried out on pilot basis in select

branches. The system would have advantages such as,

staff rationalisation, cost effectiveness, timely detection

and prompt recovery of undercharges.

F) Management Audit

During 2008-09, in accordance with the Risk Based

Management Audit (RBMA) Policy of the Bank for audit of

administrative offices, regular audit of the following offices

was conducted:-

� All 58 Circle Offices; Off-site audit of 32 Head Office

Divisions; 13 Zonal Audit Offices; 6 Training

establishments and 2 Subsidiaries of the Bank in India

for the period ended March 31, 2008;

� Off-site audit of 27 Circle Offices as at September 30,

2008, whose risk rating was assessed as “High" in the

audit as at March 31, 2008 and

� Management Audit of 1 Regional Rural Bank sponsored

by the Bank was also conducted as per NABARD

guidelines.

G) Compliance Division

The Board of Directors approved the setting up of an

independent Compliance Division at Head Office and

Compliance Policy of the Bank in their meetings held on

25.7.2007 and 12.9.2007, respectively.

The Board has appointed a Chief Compliance Officer in the

rank of a Chief General Manager. In pursuance to the

compliance policy of the Bank Divisional Compliance

Officers, Circle Compliance Officers, Branch Compliance

Officers have been designated in all Divisions of Head Office

(HO), Circle Offices and branches. Further, compliance

functions have been identified for all HO Divisions and

reporting line has also been established at various levels for

'kk[kkvksa@dk;kZy;ksa dh lwpuk ç.kkyh ys[kk&ijh{kk, cksMZ dh ys[kk&ijh{kklfefr (,lhch) }kjk fof/or vuqeksfnr dEI;wVjhÑr i;kZoj.k'kk[kkvksa@dk;kZy;ksa dh lwpuk ç.kkyh ys[kk&ijh{kk] cksMZ dh ys[kk&ijh{kklfefr (,lhch) }kjk fof/or vuqeksfnr dEI;wVjhÑr i;kZoj.k dsfy, lwpuk ç.kkyh ys[kk&ijh{kk uhfr ds vuqlkj gSA

cksMZ dh ys[kk&ijh{kk lfefr ys[kk&ijh{kk dk;ks± ds fu"iknu dkfu;fer vk/kj ij fujh{k.k djrh gSA lkFk gh cSad dk Hkkjrh; fjt+oZcS ad }kjk okf"kZd foÙkh; fujh{k.k (,,iQvkbZ) vkSj dsUæh;lkafof/d ys[kk&ijh{kdksa }kjk ys[kk&ijh{kk dh tkrh gSA tgka vko';dgksrk gS ogka os ys[kk&ijh{kk ç.kkyh dh çHkkfork esa vkxs lq/kj ykusrFkk cSad esa csgrj vkUrfjd fu;U=k.kksa ds fy, funs'k nsrs gSaA muds }kjkvfHkO;Dr fdlh fpark ij rRdky dkjZokbZ dh tkrh gSA

cSad us mldh viuh ys[kk&ijh{kk ç.kkyh esa lwpuk çkS/ksfxdh dkbLrseky fuf'pr djus gsrq fofHkUu dne mBkus ds fy, çfØ;k 'kq:dh gS] ftlesa fuEufyf[kr 'kkfey gSA

� tksf[ke vk/kfjr vkUrfjd ys[kk&ijh{kk ç.kkyh (bZvkjchvkbZ,) dkLopkyu ftuesa dEI;wVj usVoZd ij iQkeZsV miyC/ fd;s tk;saxs vkSjys[kk&ijh{kd vkWu&ykbUl fjiksVZ rS;kj djsaxs vkSj mUgsa çLrqr djsaxsAçLrkfor ç.kkyh dk ijh{k.k dk;Z py jgk gSA

� ¶fjeksV jktLo ys[kk&ijh{kk¸ vkSj ¶fjeksV ,Dll ys[kk&ijh{kk¸ ,dvkWiQ lkbV ys[kk&ijh{kk ra=k gS vkSj bldh p;fur 'kk[kkvksa esaçk;ksfxd vk/kj ij dkjZokbZ dh tk jgh gSA bl ç.kkyh ds fuEufyf[krykHk gSa tSlsfd LVkiQ dk ;qfDrdj.k] ykxr dh çHkfork] le; ijirk yxkuk vkSj de çHkkjksa dh rRdky olwyh djukA

p) çca/ ys[kk&ijh{kk

o"kZ 2008&09 ds vuqlkj ç'kklfud dk;kZy;ksa dh ys[kk&ijh{kk ds fy,cSad dh tksf[ke vk/kfjr çca/u ys[kk&ijh{kk (vkjch,e,) uhfr dsvuqlkj fuEufyf[kr dk;kZy;ksa dh fu;fer ys[kk&ijh{kk dh xbZ%

� 31 ekpZ] 2008 dks leLr vof/ ds fy, lHkh 58 e.Mydk;kZy;] 32 ç/ku dk;kZy; ds çHkkxksa dh vkWiQ&lkbVys[kk&ijh{kk] 13 vkapfyd ys[kk&ijh{kk dk;kZy;] 6 çf'k{k.kLFkkiukvksa vkSj Hkkjr esa cSad dh 2 vuq"kafx;ksaA

� 30 flrEcj] 2008 dks ,sls 27 e.My dk;kZy;ksa dh vkiWQ&lkbVys[kk&ijh{kk ftudk tksf[ke nj fu/kZj.k 31 ekpZ] 2008 dksys[kk&ijh{kk esa ¶mPp¸ fu/kZfjr fd;k x;k vkSj

� cSad }kjk çk;ksftr ,d {ks=kh; xzkeh.k cSad dh Hkh çca/ys[kk&ijh{kk ukckMZ ds fn'kkfunZs'kksa ds vuqlkj dh xbZA

N) vuqikyu çHkkx

funs'kd e.My us viuh Øe'k% fnukad 25-07-2007 ,oa fnukad12-09-2007 dks vk;ksftr cSBdksa esa ç/ku dk;kZy; esa ,d LorU=k vuqikyuçHkkx LFkkfir djus rFkk cSad dh vuqikyu uhfr dks vuqeksfnr fd;kA

e.My us eq[; egkçca/d ds in ij eq[; vuqikyu vf/dkjh dhfu;qfDr dh gSA cSad dh vuqikyu uhfr ds vuqikyu esa çHkkxh;vuqikyu vf/dkjh] e.My vuqikyu vf/dkjh] 'kk[kk vuqikyu vf/dkjh dks ç/ku dk;kZy; ds lHkh çHkkxksa] eaMy dk;kZy;ksa vkSj'kk[kkvksa esa inukfer fd;k x;k gSA blds vfrfjDr ç/ku dk;kZy; dslHkh çHkkxksa ds vuqikyu dk;ks± dks fofufnZ"V fd;k x;k gS rFkk

PNB 5-53.pmd 6/24/2009, 6:16 PM39

40

compliance in accordance with the guidelines of the Reserve

Bank of India.

H) Information Technology

There has been a sea change across Banking and Financial

sector in the last 10-12 years. Information Technology has

played a crucial role in all such happenings. PNB has been

very aggressive in using IT for making banking a convenient

and pleasant experience for all its stakeholders, especially

customers.

i) 100% CBS branches

Bank has achieved the milestone of bringing all the

branches/extension counters into CBS in November,

2008, 4 months ahead of projected schedule/timeline

of March, 2009. Now more than 38 million PNB

customers spread across 2560 centers in the country

enjoy the facility of ‘one bank – one account’. The

finacle application is running on single instance database

and it is the largest combination with 24,000 concurrent

users in the world.

ii) RRBs in CBS

As per guidelines of RBI to bring all RRBs in Core

Banking Solution, Bank had migrated first RRB branch

of Haryana Gramin Bank, Rohtak out of 6 RRBs

sponsored by PNB, on 16.3.2009. Our initiatives in

this regard have been acclaimed by the Government.

iii) Upgradation of Hardware

Keeping in view the increased demand on the IT systems

on account of increase in business, PNB has taken steps

to upgrade infrastructure. The database has been

upgraded to Oracle10g from the present Oracle 9i

version. The performance will further improve with

migration to RAC from the Single Instance System.

Hardware has been upgraded to ensure better

processing time. PNB has targeted a Data Center

capable of handling business of 6000 branches

and one lac terminals keeping in view future

expansion plan of the Bank.

iv) Alternate Delivery Channels

Among Alternate Delivery Channels for banking

transactions, internet Banking and ATMs are the most

popular ones and are being used by the customers

extensively.

� Internet Banking

This channel provides services for both retail and

corporate customers and extend the facility of

performing various banking activities like

accounts management, funds transfer, inter-bank

remittance through RTGS & NEFT, online

payments towards taxes / fees/ bills etc., online

payment to dealers, collection from distributors,

payment of salary to employees, etc.

� Credit Card payments - Payment of PNB

Credit card dues through Internet Banking

channel - an additional payment option to

the credit card holders

Hkkjrh; fjt+oZ cSad ds fn'kkfunZs'kksa ds vuqlkj vuqikyu gsrq fofHkUuLrjksa ij fjiksfV±x ykbu Hkh LFkkfir dh xbZ gSA

t) lwpuk çkS|ksfxdh

fiNys 10&12 o"kks± esa cSafdaXk vkSj foÙkh; {ks=k esa dkiQh cM+k ifjorZu vk;kgSA lwpuk çkS|ksfxdh us ,slh lHkh ?kVukvksa esa egRoiw.kZ Hkwfedk vnk dh gSAiatkc uS'kuy cSad vius lHkh i.k/fj;ksa fo'ks"kr% xzkgdksa ds fy, cSafdax dkslqfo/ktud cukus rFkk lq[kn vuqHko ds :i ysus ds fy, lwpukçkS|ksfxdh dk bLrseky djus gsrq cgqr vkØed cuk gqvk gSA

i) 100» lhch,l 'kk[kk,a

cSad us uoEcj, 2008 esa] ekpZ] 2009 ds iqokZuqekfur le;vuqlwph@le; O;oLFkk ls 4 ekl iwoZ gh viuh lHkh'kk[kkvksa@foLrkj iVyksa dks lhch,l esa ifjofrZr djus dkdhfrZeku cuk;k gSA vc ns'k Hkj esa 2560 dsaæksa esa iQSys 38fefy;u ih,uch xzkgdksa dks ,d cSad&,d [kkrk dk ykHkçkIr gks jgk gSA fiQusdy ,Iyhds'ku flaxy bUlVkal MkVkcslij py jgh gS vkSj ;g fo'o esa 24]000 dUdjUV ;wtlZ dslkFk lcls cM+k la;kstu gSA

ii) {ks=kh; xzkeh.k cSad lhch,l esa

Hkkjrh; fjt+oZ cSad dh fn'kkfunZs'kksa ds vuqlkj lHkh {ks=kh;xzkeh.k cSadksa dks dksj cSafdaaXk lkY;w'ku esa yk;k tk,] cSad usfnukad 16-03-2009 dks ih,uch }kjk çk;ksftr 6 {ks=kh; xzkeh.kcSadksa esa ls gfj;k.kk xzkeh.k cSad] jksgrd dh çFke {ks=kh;xzkeh.k cSad 'kk[kk dks lhch,l esa ifjofrZr fd;kA ljdkj usbl ckjs esa gekjs ç;klksa dh ljkguk dh gSA

iii) gkMZos;j dk xzsM c<+kuk

dkjksckj esa of¼ ds dkj.k lwpuk çkS|ksfxdh ç.kkyh dh c<+rh ekaxdks è;ku esa j[kdj ih,uch us cqfu;knh lqfo/kvksa dk xzsM c<+kus dsfy, mik; fd;s gSaA MkVkcsl dk xzsM orZeku esa vksjsdy 9 vkbZotZu ls c<+kdj vksjsdy 10th dj fn;k x;k gSA ,dy vuqjks/ç.kkyh (flaxy bUlVkal flLVe) dks vkj,lh esa varj.k djus lsdk;Zfu"iknu esa iqu% lq/kj vk;sxkA csgrj lalk/u le; dkslqfuf'pr djus ds fy, gkMZos;j dk xzsM c<+k;k x;k gSA ih,uchus cSad dh Hkkoh foLrkj ;kstukvksa dks è;ku esa j[kdj ,dyk[k VfeZuyksa vkSj 6000 'kk[kkvksa ds dkjksckj dks lapkfyrdjus ds fy, l{ke MkVk lsUVj dk y{; j[kk gS

iv) oSdfYid varj.k pSuy

cSafdax ysu&nsu ds fy, oSdfYid varj.k pSuyksa ds eè;]baVjusV cSafdax vkSj ,Vh,e csgn yksdfç; gSa vkSj xzkgdksa }kjkbudk O;kid Lrj ij ç;ksx fd;k tk jgk gSA

� baVjusV cSafdax

pSuy] [kqnjk vkSj fuxfer xzkgdksa] nksuksa ds fy, lsok,açnku dj jgk gS rFkk fofHkUu cSafdax dk;Zdykiksa tSls fdys[kk çcaèku] fuf/ varj.k] vkjVhth,l ,oa ,ub,iQVh dsekè;e ls baVj cSad /u çs"k.k] djksa@'kqYdksa@fcyksa vkfn dkvkWu ykbu Hkqxrku] Mhyjksa dks vkWu&ykbu Hkqxrku] forjdksals olwyh] deZpkfj;ksa dks osru dk Hkqxrku vkfn dks iwjkdjus ds fy, lqfo/k çnku djrk gSA

� ØsfMV dkMZ Hkqxrku & baVjusV cSafdax pSuy dsekè;e ls ih,uch ØsfMV dkMZ ds ns;ksa dkHkqxrku] ØsfMV dkMZ /kjdksa ds fy, vfrfjDrHkqxrku fodYi gSA

PNB 5-53.pmd 6/24/2009, 6:16 PM40

41

� New Service providers - E-payments/

Internet payments extended for :-

�

Temple, Kerala and Jaggannath Puri

Temple, Orissa

� IGNOU fee payment

� E-Filing through Tax Spanner

� E-Freight for Indian Railways

� SMS Alerts

services are available for the internet banking

customers for debit transaction of Rs. 5000 and above

done through Internet Banking Channel. This service

will be made available to all customers shortly.

With a view to enhance security features in the

existing setup, the concept of Digital Certificates

has been implemented in Corporate Internet

Banking Services. There are 4 lac users of Retail

Internet Banking and 1.05 Lac users of Corporate

Internet Banking services of the Bank.

� ATM Services

Bank has deployed 2,150 ATMs. Under ATM sharing

arrangement, Bank’s customer can access more than

40,000 ATMs. In addition, Bank has arrangement

with Master Card whereby our card holders/Master

Card holders can use world wide network of around

10 lakh ATMs. The bi-lingual facility including area-

specific regional language facility has also been

provided in ATMs of the Bank. More than 67 lac

Debit/ATM Cards have been issued to customers.

Besides issuing personalised as well as non-

personalised cards, Bank has started the signature

based debit cards (Classic and Gold), which may be

used at POS and internet merchandise.

� RTGS/NEFT/Cheque Truncation

Real Time Gross Settlement System (RTGS)

and National Electronic Fund Transfer (NEFT)

have been implemented through Internet Banking.

The facility allows Internet Banking customers to

remit funds just by click of a button. RTGS has

been made live in 4,429 branches and NEFT in

4,427 branches of the Bank.

Cheque Truncation Facility has been provided

in 254 branches of NCR.

� Online share trading

Bank has made online share trading facility live.

The customers can trade through this facility and

subscribe to IPOs, Mutual Funds, debt instruments

etc. The trading portal ensures complete

confidentiality of transactions with absolutely no

manual intervention.

� u, lfoZl çksokbMj & bZ&Hkqxrku@baVjusV HkqxrkufuEufyf[kr dks Hkh miyC/ gksxh %

� xq:ok;wj eafnj] dsjy vkSj txUukFk iqjheafnj ds fy, vkWu ykbu Mksus'ku

� vkbZth,uvks;w (bXuw) 'kqYd dk Hkqxrku

� VSDl LiSUuj ds ekè;e ls bZ&iQkbfyax

� Hkkjrh; jsyksa ds fy, bZ&HkkM+k

� orZeku esa baVjusV cSafdax xzkgdksa ds fy,#- 5000@& vkSj mlls vfèkd ds MsfcVysu&nsuksa ds fy,

� ,l,e,l vyVZ

lsok,a miyC/gSaA 'kh?kz gh ;g lsok lHkh xzkgdksa dksmiyC/ djok;h tk,xhA

orZeku O;oLFkk esa lqj{kk i{k dks vkSj etcwr djus dh nf"Vls dkjiksjsV baVjusV cSafdax lsokvksa esa fMftVy çek.ki=kksa dhvo/kj.kk dk;kZfUor dh xbZ gSA cSad esa fjVsy baVjusV cSafdaxds 04 yk[k mi;ksxdrkZ gSa] tcfd dkjiksjsV baVjusV cSafdaxlsokvksa ds 1-05 yk[k mi;ksxdrkZ gSA

� ,Vh,e lsok,a

cSad us 2150 ,Vh,e yxk, gSaA ,Vh,e 'ks;fjax O;oLFkkds varxZr cSad ds xzkgd 40]000 ls vf/d ,Vh,e dksç;ksx dj ldrs gSaA blds vykok] cSad dh ekLVj dkMZds lkFk Hkh O;oLFkk gS ftlds varxZr gekjs dkMZèkkjd@ekLVj dkMZ /kjd fo'o Hkj ds yxHkx 10 yk[k,Vh,e usVodZ dk mi;ksx dj ldrs gSaA xzkgdksa dhlqfo/k ,oa ,Vh,e dk vf/dkf/d mi;ksx djus dsfy, cSad us buesa {ks=k fo'ks"k {ks=kh; Hkk"kk lqfo/k lfgrf}Hkkf"kd lqfoèkk miyC/ djkbZ gSA 67 yk[k ls Hkhvf/d xzkgdksa dks MsfcV@,Vh,e dkMZ tkjh fd, x, gSaAoS;fDrd ,oa xSj&oS;fDrd MsfcV dkMZ ds vfrfjDr cSadus xzkgdksa ds fy, gLrk{kj vk/kfjr MsfcV dkMZ (Dykfld,oa xksYM) Hkh 'kq: fd;k gS tks fd ihvks,l ,oa baVjusVedZsUMkbt esa Hkh ç;ksx fd;k tk ldrk gSA

� vkjVhth,l@,ubZ,iQVh@pSd Vªads'ku

baVjusV cSafdax ds tfj;s Hkh fj;y Vkbe xzksl lsVyesaVflLVe (vkjVhth,l) ,oa us'kuy bySDVªkWfuDl iQaMVªkaliQj (,ubZ,iQVh) ç.kkyh dk;kZfUor dh xbZ gSA bllqfo/k ds }kjk baVjsuV cSafdax xzkgd dsoy cVu nckdjvius /u dk çs"k.k dj ldrs gSaA vkjVhth,l vkSj,ubZ,iQVh gekjs cSad dh Øe'k% 4429 vkSj 4427'kk[kkvksa esa miyC/ djok fn;k x;k gSA

pSd Vªads'ku lqfo/k & pSd Vªads'ku dh lqfo/k ,ulhvkj

dh 254 'kk[kkvksa esa çnku dh tk jgh gSA

� vkWu ykbu 'ks;j VªsfMax

cSad us vkWu ykbu VªsfMax lqfo/k Hkh vkjaHk dh gSA xzkgd

bl lqfo/k ls VªsfMax dj ldrs gSa vkSj vkbZihvks]

E;wpqvy iQaM vkSj ½.k fy[krksa (debt instruments)

esa va'knku dj ldrs gSaA bl VªsfMax lqfo/k esa fcuk

fdlh ekuoh; gLr{ksi ds xksiuh;rk cukbZ j[kh tkrh gSA

PNB 5-53.pmd 6/24/2009, 6:16 PM41

Online donations for Guruvayur

42

Today, Bank is in a position to leverage the

technology for launching new products and

services to bring in new business. Bank is capable

to attract and retain new generation customers

whose preferred services are internet Banking,

ATMs, Online Air & Railway Ticketing and Utility

Bill Payments etc.

Bank has been accredited by CIO 100 Award 2008 by

IDGMedia Pvt. Ltd. for Best IT implementation.

I) Centralisation of Back End Operations

Bank’s Operations & Services Division (OSD) is striving to achieve

optimum operational potential of the Organisation with

leveraging of technology provided by Core Banking Solution.

OSD is taking back end operations out of the branches and

centralising the same at city/national level, thus freeing up assets

and manpower for sharper focus on front end operations,

marketing and improved customer service at branches.

The back end activities namely inward clearing, outward

clearing, outstation cheques collection, account opening,

issuance of statement of account have been centralised at

65 identified centres covering 1,210 branches of the Bank.

The ECS has been centralised at 49 identified centres.

During 2008-09, the issuance of personalised cheque books

has also been centralised. 370 branches of 12 circles are now

uploading request of customers for cheque books and on an

average 1,750 cheque books are being issued daily from

National Centre at NOIDA. Bank is moving to Centralised

Document Storage’ for branches. Necessary clearances have

been obtained and roadmap has been laid for covering 6 centres

(Delhi, Chandigarh, Panipat, Ambala, Ludhiana and Jaipur).

J) Human Resources Management

Bank had staff strength of 58,205 employees as at the end of

March, 2009. Of the total staff strength, women employees

accounted for 12.81 percent, while scheduled caste/scheduled

tribe employees accounted for 26.97 percent.

Staff Strength

Cadre March 2008 March 2009

No. Percent No. Percent

Officers 19141 32.26 19162 32.92

Clerks 26620 44.87 26038 44.74

Sub-Staff 10264 17.30 9580 16.46

PTS 3304 5.57 3425 5.88

Total 59329 100.00 58205 100.00

SC/ST Employees

Cadre March 2008 March 2009

SC ST SC ST

Officers 2911 1078 2947 1110

Clerks 5136 822 5085 803

Sub-Staff 2900 599 2816 583

PTS 2259 110 2251 107

Total 13206 2609 13099 2603

vkt] cSad vkSj vf/d O;olk; dks çkIr djus ds fy;su, mRiknksa ,oa lsokvksa dks çkjEHk djus gsrq rduhd dkmi;ksx djus dh fLFkfr esa gSA cSad ubZ ih<h ds ,slsxzkgdksa dks vius lkFk cuk, j[kus rFkk ,sls u, xzkgdksadks vius lkFk tksM+us esa leFkZ gS tks baVjuSV cSafdax],Vh,e] vkWuykbu ,;j ,oa jsyos fVdfVax ,oa mi;ksxhfcy Hkqxrku vkfn lsokvksa dks çkFkfedrk nsrs gSaA

loZJs"V lwpuk çkS|ksfxdh dk;kZUo;u ds fy;s vkbZMhth ehfM;k çkbosVfyfeVsM us cSad dks lhvkbZvks 100 iqjLdkj 2008 çnku fd;k gSA

>) cSd ,aM vkWijs'kUl dk dsUæhdj.k

cSad dk ifjpkyu vkSj lsok,a çHkkx (vks,lMh) laxBu dh ifjpkyulaHkkO;rkvksa dks iw.kZ :i ls çkIr djus vkSj laiw.kZ cSad esa dksj cSafdaxlkWY;w'kUl çkS|ksfxdh dks c<+kus ds fy, ç;kljr gSA vks,lMh 'kk[kkvksaesa ls cSd ,aM ifjpkyu dks ysdj mUgsa 'kgj@jk"Vªh; Lrj ij dsUæhÑrdjus dk dke dj jgk gSA bl çdkj 'kk[kkvksa esa vkfLr;ksa vkSjtu&'kfDr dks iQaV ,aM vkWijs'kUl] ekdZsfVax vkSj vPNh xzkgd lsok dsfy, eqDr djrs gq, xgu :i ls è;ku dsfUær djuk gSA

cSd ,aM dk;Zdykiksa ;Fkk vkod lek'kks/ku] tkod lek'kks/u] ckgjhpSdksa ds laxzg.k] [kkrksa dh LVsVesaV tkjh djus dks cSad dh 1210'kk[kk,a doj djrs gq, 65 fofufnZ"V dsUæksa ij dsUæhÑr dj fn;k x;kgSA bySDVªkWfud lek'kks/u ç.kkyh (bZlh,l) dks 49 fofufnZ"V dsUæksaij dsUæhÑr dj fn;k x;k gSA

o"kZ 2008&09 ds nkSjku oS;fDrd pSd cqdksa dks tkjh djuk HkhdsUæhÑr dj fn;k x;k gSA 12 eaMyksa dh 370 'kk[kk,a vc pSd cqdksads fy, xzkgdksa ds vuqjks/ksa dks viyksM dj jgh gSa vkSj uks,Mk dsus'kuy lsaVj ls vkSlru 1750 pSd cqdsa çfrfnu tkjh gks jgh gSA cSad'kk[kkvksa ds fy, ^lsaVªykbTM MkD;wesaV LVksjst* dh vksj c<+ jgk gSAvko';d vuqefr çkIr gks xbZ gS vkSj 06 dsUæksa (fnYyh] paMhx<+]ikuhir] vackyk] yqf/k;kuk vkSj t;iqj) dks doj djus ds fy,[kkdk rS;kj dj fy;k x;k gSA

×k) ekuo lalk/u çca/u

ekpZ] 2009 ds var esa cSad ds LVkiQ lnL;ksa dh dqy la[;k 58]205 FkhA

dqy deZpkfj;ksa esa ls efgyk deZpkfj;ksa dk çfr'kr 12-81 çfr'kr

tcfd vuqlwfpr tkfr@tutkfr deZpkfj;ksa dk çfr'kr 26-97 gSA

LVkiQ la[;k

laoxZ ekpZ] 2008 ekpZ] 2009

la[;k çfr'kr la[;k çfr'kr

vf/dkjh 19141 32.26 19162 32.92

fyfid 26620 44.87 26038 44.74

v/huLFk oxZ 10264 17.30 9580 16.46

va'kdkfydliQkbZ deZpkjh 3304 5.57 3425 5.88

tksM+ 59329 100.00 58205 100.00

vuqlwfpr tkfr@vuq-tutkfr

laoxZ ekpZ] 2008 ekpZ] 2009

vuqlwfpr tkfr vuq-tutkfr vuqlwfpr tkfr vuq-tutkfr

vf/dkjh 2911 1078 2947 1110

fyfid 5136 822 5085 803

v/huLFk oxZ 2900 599 2816 583

va'kdkfydliQkbZ deZpkjh 2259 110 2251 107

tksM+ 13206 2609 13099 2603

PNB 5-53.pmd 6/24/2009, 6:16 PM42

43

As a move towards getting the benefits of young energetic

generation in special categories and improve the age profile of the

Bank, during the year 2008-09, the Bank has recruited 74

Agriculture officers; 23 Officers - Industry; 181 Dy. Managers- IT;

29 Officers – IT Banking Domain and 1 Chief Security Officer.

Besides, the process for recruitment of 10 Dy.Managers

(Economics); 350 Agriculture Officers; 106 Management Trainees;

2 Librarians and 15 Officers for Treasury Division in various grades/

scales is in the process. Recruitment for manning the proposed

new Corporate Communication Department, HO is also underway.

Special recruitment drive for recruitment of 127 Clerks for posting

in the North-East Region and Jammu & Kashmir as well as of 4

Hockey Players in the Clerical cadre has also been undertaken.

‘Staff Welfare’ Schemes

� As a ‘Staff Welfare Measures’, three new schemes have been

launched for the employees/ex-employees, namely:-

� A scheme for providing ‘Medical Aid’ to the pre January

1, 1986 retirees/their spouses;

� A ‘New PNB Mediclaim Insurance Scheme for Retired

Employees 2009-10,’ wherein the Bank has provided

subsidy to the premium payable for all members and

� A ‘PNB Hospitalisation Contributory Benefit Scheme

for Retired Employees’, which covers the retired officer

as well as workmen staff who are members.

� During 2008-09, 1320 internal promotions were effected

under different scale/cadres. Process of making 4,842

promotions in officers cadre is in process.

� With a view to provide increased promotional avenues to the

staff and motivate them, significant amendments have been made

in the Promotion Policy for Officers in all grades/scales and

� Re-categorisation of branches and administrative offices was

undertaken accompanied by rationalisation of norms for sizing

of various offices for providing manpower.

Training Activities

Recognising that training is one of the key foundations in

ensuring overall human development, the Bank has been

laying greater emphasis on developing its “Human Assets".

Bank has an Apex Training College, called Central Staff

College at Delhi, one exclusive IT Centre for officers at

Faridabad, 3 Regional Staff Colleges at Punchkula, Mumbai

and Lucknow and 7 Zonal Training Centres at Delhi,

Dehradun, Jaipur, Kolkata, Kozhikode, Ludhiana and Patna.

Bank has also established, PNB IIT, an autonomous institute

of excellence at Lucknow as an advanced Academic Research

and Application Centre for information technology.

The training policy of the Bank has been re-oriented to

outline the training philosophy and training objectives of

the organisation so as to transform the Bank into

a frontline technology and service driven Bank in the entire

Indo Gangetic Belt and a dominant player in the country with

substantial international presence. Continuous training is

provided to employees in various areas through in-house

training colleges/centres and outside instituitons both in

fo'ks"k Jsf.k;ksa esa ;qok ÅtkZoku ih<+h dk ykHk çkIr djus ds ,d vfHk;ku ds:i esa vkSj cSad ds vk;q çksiQkby esa lq/kj ds fy, o"kZ 2008&09 esa cSadus 74 Ñf"k vf/dkjh] 23 vf/dkjh&m|ksx] 181 mi çca/d&lwpuk çkS|ksfxdh]29 vf/dkjh&lwpuk çkS|ksfxdh cSafdax Mksesu vkSj 01 eq[; lqj{kk vf/dkjhHkrhZ fd, gSaA blds vfrfjDr 10 mi çca/d (vFkZ'kkL=k)] 350 Ñf"k vf/dkfj;ksa] 106 çca/ çf'k{kqvksa] 02 iqLrdkè;{kksa ,oa dks"k çHkkx ds fy,fofHkUu laoxks±@Ldsyksa esa vf/dkfj;ksa dh HkrhZ çfØ;k esa gSA çLrkfor u;sdkjiksjsV dE;wfuds'kal foHkkx] ç-dk- ds fy, LVkiQ dh HkrhaZ dh çfØ;k pyjgha gSA

mÙkj&iwoZ {ks=k rFkk tEew ,oa d'ehj esa rSukrh ds fy, 127 fyfid ,oafyfidh; laoxZ esa 04 gkdh f[kykM+h fu;qDr fd, x, gSaA

LVkiQ dY;k.k ;kstuk,a

� ^deZpkjh dY;k.k ;kstuk* ds vax ds :i esa cSad us deZpkfj;ksa@HkwriwoZdeZpkfj;ksa ds fy, 03 ubZ ;kstuk,a dk;kZfUor dh gS%

� 01 tuojh] 1986 ls iwoZ ds lsokfuo`Ùkksa@muds vkfJrksa ds fy,^fpfdRlk lgk;rk* vkjaHk djus dh ;kstuk

� ûbZ ih,uch esfMDyse chek ;kstuk 2009&10 ds lsokfuo`ÙkdeZpkfj;ksa ds fy,* ,d ;kstuk ftlesa cSad us ns; çhfe;e ijlHkh deZpkfj;ksa dks lfClMh çnku dh gSA vkSj

� lsokfuo`Ùk deZpkfj;ksa ds fy, îh,uch vLirky va'knk;h ykHk;kstuk* tks fd lsokfuo`Ùk vf/kdkfj;ksa rFkk dkexkjksa] lHkh dksdoj djrh gS c'krZs os lnL; gksA

� o"kZ 2008&09 ds nkSjku fofHkUu Ldsyksa@laoxks± esa 1320 vkarfjdinksUufr;ksa gqb±A vf/dkjh laoxks± esa 4842 inksUufr;ksa ds fy, çfØ;kpy jghA

� LVkiQ dks c<+s gq, inksUufr;ksa ds volj miyC/ djkus vkSj mUgsaçksRlkfgr djus ds mís'; ls] lHkh laoxksa@Ldsyksa esa inksUufr uhfr esaegRoiw.kZ la'kks/u fd, x, gSaA

� fofHkUu dk;kZy;ksa esa tu'kfDr miyC/ djkus ds fy, ekunaMksa ds;qfDrdj.k }kjk 'kk[kkvksa vkSj ç'kklfud dk;kZy;ksa dk iqu%Js.khdj.kfd;k x;kA

çf'k{k.k dk;Zdyki

bl rF; dks è;ku esa j[krs gq, fd lexz ekuo fodkl dks lqfuf'prdjus ds fy, çf'k{k.k egRoiw.kZ uhao gS] cSad viuh ekuo ifjlEifÙk;ksa*ds fodkl ds fy, vf/d è;ku ns jgk gSA cSad esa fnYyh esa dsUæh;LVkiQ dkyst ds uke ij ,d 'kh"kZ çf'k{k.k egkfo|ky;] vfèkdkfj;ksads fy, iQjhnkckn esa ,d vyx ls lwpuk çkS|ksfxdh dsUæ] iapdqyk]eqEcbZ vkSj y[kuÅ esa 03 {ks=kh; LVkiQ dkyst ,oa fnYyh] nsgjknwu]t;iqj] dksydkrk] dksf>dksM] yqf/k;kuk vkSj iVuk esa 07 vapyçf'k{k.k dsUæ gSaA cSad us lwpuk çkS|ksfxdh ds fy, mPp ,dsMsfedvuqla/ku vkSj ,Iyhds'ku lsaVj gsrq ih,uch vkbZvkbZVh] mRÑ"Vrk dk,d Lok;r laLFkku Hkh y[kuÅ esa LFkkfir fd;k gSA

cSad dh çf'k{k.k uhfr dks laxBu ds çf'k{k.k n'kZu vkSj çf'k{k.k

mís';ksa dks eísutj j[krs gq, bl çdkj cuk;k x;k gS fd cSad laiw.kZ

xaxk rVh; {ks=k esa çkS|ksfxdh vkSj lsok,a çnku djus esa lcls vkxs gks

vkSj varjjk"Vªh; mifLFkfr lfgr bldk ns'k esa çeq[k LFkku gksA

deZpkfj;ksa dks fofHkUu {ks=kksa esa vkarfjd çf'k{k.k egkfo|ky;ksa@dsUæksa

vkSj ns'k&fons'k ds ckgjh laLFkkuksa ls fujarj çf'k{k.k çnku djk, tkrs

PNB 5-53.pmd 6/24/2009, 6:17 PM43

44

India and abroad. Emphasis has been laid to impart training

in key areas of banking operations viz. Credit, Foreign

exchange, Information Technology, Risk Management, NPA

Management, Micro Credit, Financial Inclusion,etc. as well

as imparting induction training to directly recruited

management Trainees and other Specialist Officers.

During the year, the Bank imparted training to 41,382

employees including 1,924 employees trained by reputed

outside institutions both in India and abroad.

Human Resources Management System (HRMS)

Bank has implemented centralised on-line Human Resource

Management System (HRMS) with various modules like

payroll, training, disciplinary action, hospitalisation etc. With

this system, the Bank is able to maintain a proper database

and management of the most vital asset i.e. Human

Resources.

During 2008-09, the HRMS was extended to all branches

and employees for online activities. The employees can now

access under self service. The process of timely and accurate

MIS for analysis and appropriate corporate decision have also

strengthened.

Industrial Relations

Industrial Relations of the Bank continue to remain cordial

and harmonious. There have been regular exchange of views

with Employees’ Representatives.

K) Management Information System

Management Information System Division (MISD) was set

up with the objective of centralisation of MIS. To achieve

this objective, Enterprise-wide Data Warehouse (EDW) is

under implementation with technical support from Tata

Consultancy Services (TCS). EDW will facilitate ready access

to data required for Regulatory/Statutory reporting and

analytical purpose. Overall business process related functions,

generation of various MIS reports, including adhoc

requirements through EDW is being looked after by MISD,

which will reduce workload of field functionaries to a

considerable extent and assist top Management in taking

timely decisions. First phase of EDW has since been rolled

out on 4th March 2009, leading to generation of 46 returns

out of identified 134 reports, pertaining to 9 HO Divisions.

LADDER (Loans and Advances Data Desk for Evaluation and

Reports), an integrated System comprising of BASEL and CIBIL

modules with monthly data updation periodicity has been

implemented and is being used for

� Creating data base of borrowal accounts

� Generation of credit related MIS & retrieval of credit

related information;

� Asset classification and provisions computation in

respect of NPAs;

� Credit administration & monitoring of NPAs and

� Credit Data input source for Enterprise wide Data

Warehouse (EDW) under implementation.

gSaA lh/ks HkrhZ gq, çca/ çf'k{kqvksa vkSj vU; fo'ks"kK vf/dkfj;ksa dsfy, ços'k çf'k{k.kksa ds lkFk&lkFk cSafdax çpkyuksa ds vfr egRoiw.kZ{kss=kksa ;Fkk ½.k] fons'kh fofue;] lwpuk ,oa çkS|ksfxdh] tksf[ke çcaèku]vutZd vkfLr;ksa ds çca/u] ekbØks ØsfMV] foÙkh; lekos'ku vkfn ijçf'k{k.k çnku djus ij fo'ks"k è;ku fn;k x;k gSA

o"kZ ds nkSjku cSad us 41382 deZpkfj;ksa dks çf'k{k.k çnku fd;kftlesa Hkkjr rFkk fons'k dh çfrf"Br laLFkkvksa }kjk çf'kf{kr 1924deZpkjh 'kkfey gSaA

ekuo lalk/u çca/ ç.kkyh (,pvkj,e,l)

cSad us fofHkUu ekWM;wyksa ;Fkk osru jksy] çf'k{k.k] vuq'kklukReddkjZokbZ] gkWfLiVykbts'ku bR;kfn lfgr dsUæhÑr vkWu ykbu ekuolalk/u ç.kkyh (,pvkj,e,l) dk;kZfUor dh gSA ;g ç.kkyh]MkVkcsl dk lgh <ax ls j[kj[kko ds lkFk&lkFk lokZf/d egRoiw.kZifjlEifÙk vFkkZr~ ekuo lalk/uksa ds fuiq.k çca/u ds fy, cSad dksl{ke cukrh gSA

o"kZ 2008&09 esa ekuo lalk/u çca/u ç.kkyh (,pvkj,e,l) lHkh'kk[kkvksa ,oa deZpkfj;ksa ds fy, vkWu ykbZu dk;Zdykiksa gsrq dk;kZfUor gksxbZ FkhA deZpkjh vc Lo;a lsok ds varxZr bl lqfo/k dk ykHk mBk ldrsgSaA le; ij vkSj Bhd çca/ lwpuk i¼fr (,evkbZ,l) ds fo'ys"k.k vkSjmfpr dkjiksjsV fu.kZ; i¼fr dks Hkh lqn<+ fd;k x;k gS A

vkS|ksfxd laca/

cSad ds vkS|ksfxd laca/ lkSgknZiw.kZ ,oa lkeatL;iw.kZ cus gq, gSaAdeZpkfj;ksa ds çfrfuf/;ksa ds lkFk fopkjksa dk fu;fer :i ls vknku&çnkugksrk jgk gSA

V) çca/ lwpuk i¼fr

çca/ lwpuk ç.kkyh çHkkx (,evkbZ,lMh) dh LFkkiuk dk mís'; gS,evkbZ,l dk dsUæhdj.k djukA bl mís'; dh çkfIr ds fy,,aVjçkbt MkVk os;jgkml (bZMhMCY;w)] VkVk dalyVsalh lfoZflt(Vhlh,l) dh rduhdh lgk;rk ls dk;kZfUor fd;k tk jgk gS AbZMhMCY;w ds vkjaHk gksus ls fu;a=kd@lkafof/d fjiksfV±x ,oa fo'ys"k.kkRedmís'; ds fy, visf{kr MkVk lqyHk gks tk,xkA bZMhMCY;w ds ekè;e lslexz O;olk; çfØ;k ls lacaf/r dk;Z] rnFkZ ekax lfgr fofHkUu,evkbZ,l fjiksVks± dk tujs'ku] ,evkbZ,lMh }kjk ns[kk tk jgk gSAblls iQhYM esa dk;Z djus okyksa ij i;kZIr ek=kk esa dk;ZHkkj de gksxkvkSj mPp çca/u dks le; ij fu;a=k.k ysus esa lgk;rk feysxhAbZMhMCY;w dk çFke pj.k 4 ekpZ]2009 dks iwjk gks x;k gS ftllsçèkku dk;kZy; ds 09 çHkkxksa dh fu/kZfjr 134 fjiksVks± esa ls 46 fjiksVs±tujsV gks xbZ gSaA

ySMj (ewY;kadu ,oa fjiksVks± ds fy, ½.k ,oa vfxze MkVk MsLd)],d ,dhÑr flLVe gS ftlesa cSly vkSj flfcy ekWM;wy 'kkfey gSaAblesa ekfld vof/ ds vkadM+s v|ru fd, tkrs gSaA ;g Hkh çHkkx}kjk dk;kZfUor fd;k tk jgk gSA bldk ç;ksx eq[;r% fuEufyf[kr dsfy, fd;k tk jgk gS%

� ½.k[kkrksa dk MkVk csl rS;kj djuk]

� ½.k ls lacaf/r çca/ lwpuk foojf.k;ksa ,oa ½.k ls lacaf/rlwpuk dk mi;kstu (fjVªhoy)

� ,uih, ds laca/ esa ifjlEifÙk;ksa dk oxhZdj.k vkSj çko/ku dhx.kuk]

� ½.k ç'kklu vkSj ,uih, dh ekuhVfjax rFkk

� bZMhMCY;w ds fy, ½.k MkVk buiqV lzksr dk;kZUo;uk/hu gSA

PNB 5-53.pmd 6/24/2009, 6:17 PM44

45

Standardised approach for credit risk has been implemented

through BASEL–II module of Ladder System thus enabling

calculation of Risk Weighted Assets (RWAs) in respect of

Loans & Advances as per final guidelines of RBI. Besides, the

data of all eligible borrowal accounts is being transmitted to

Credit Information Bureau (India) Ltd through CIBIL Module,

an extension of Ladder System. Thus, enabling the Bank’s

branches to draw Credit Information Reports (CIRs) for taking

credit related decisions. Total number of 1,82,784 CIRs of

prospective borrowers under consumer category and 3,267

CIRs under commercial category were drawn from CIBIL data

base during 2008-09, as against 62,273 CIRs and 1,723

CIRs respectively during previous year.

L) Customer Care

To meet expectations of customers and enhance their

satisfaction, the Bank has adopted technology solutions i.e.

ATM, telebanking, internet banking, Debit Card, Credit Card

etc. In order to provide 24x7 helpline to its customers, Bank

has established a Call Centre.

i) Customer Care Centre

Customer Care Centre endeavors to provide customer

service of a high order to minimise the inflow of

complaints and to effectively implement the measures

taken by the Bank. Customer Care Centre reviews

various aspects of Customer Service on an on-going

basis to ensure impact at the grass root level. Besides,

redressal of complaints received from Public/

Customers, MOF, DPG, RBI, VIPs, the complaints are

analysed and effective measures taken to avoid

recurrence of the same. Further, implementation/

compliance of Code of Bank’s Commitment to

Customers is ensured across the Bank.

Running of Customer Service Centre at Delhi,

for all Nationalised Banks situated at Delhi has

been entrusted to PNB.

ii) Customer Complaints

� No of complaints pending, as on Apr 1, 2008 160

� No of complaints received during the year 51885

� No of complaints redressed during the year 51430

� No of complaints pending as on Mar 31, 2009 615

Note : As on date all outstandings stand resolved

iii) Awards Passed By Banking Ombudsman

� No of unimplemented awards as on Apr 1, 2008 3

� No of awards passed by the Banking Ombudsman

during the year 5

� No of awards implemented during the year 8

� No of unimplemented awards as on Mar 31, 2009 0

Hkkjrh; fjtoZ cSad ds vafre ekxZ&funZs'kksa ds vuqlkj ½.k tksf[ke dsfy, ekudhÑr n`f"Vdks.k dks ySMj ç.kkyh ds cSly-II ekWM;wy }kjkdk;kZfUor fd;k tk jgk gS ftlls ½.k ,oa vfxzeksa ds laca/ esa tksf[keHkkfjr vkfLr;ksa dh x.kuk dh tk ldsxhA blds vfrfjDr] lHkh ik=k½.k [kkrksa dk MkVk flfcy ekWM;wy] tks fd ySMj dk gh Hkkx gS] dsekè;e ls ØsfMV bUiQkseZs'ku C;wjks (bafM;k) fy- dks miyC/ djk;ktkrk gS ftlls cSad dh 'kk[kk,a ½.k laca/h fu.kZ; ysus ds fy, ½.klwpuk fjiksVs± (lhvkbZvkj) çkIr djus esa l{ke gks tkrh gSaA o"kZ2008&09 ds nkSjku flcy MkVk csl dk ç;ksx Hkkoh ½f.k;ksa ds laca/esa miHkksDrk Js.kh ls 1]82]784 ØsfMV bUiQkseZs'ku fjiksVZ (lhvkbZvkj)vkSj okf.kT;d Js.kh ls 3267 ØsfMV bUiQkseZs'ku fjiksVZ (lhvkbZvkj)çkIr djus ds fy, fd;k x;kA fiNys o"kZ ;g la[;k Øe'k% 62273vkSj 1723 FkhA

B) xzkgd lsok

xzkgdksa dh mEehnksa ij [kjk mrjus ds fy, vkSj mUgsa larq"V djus ds fy,

cSad us rduhdh lkWY;w'ku ;Fkk ,Vh,e, Vsyh cSafdax] baVjusV cSafdax] MsfcV

dkMZ] ØsfMV dkMZ bR;kfn dks viuk;k gSA vius xzkgdksa dks 24x7

gSYiykbu miyC/ djkus ds fy, cSad us dkWy lsaVj LFkkfir fd;k gSA

i) xzkgd lsok dsUæ

xzkgd lsok dsUæ mPpLrjh; xzkgd lsok çnku djus] çkIr gksusokyh f'kdk;rksa dks de djus rFkk cSad }kjk mBk, tkus okysdneksa dks çHkko'kkyh <ax ls dk;kZfUor djus ds ç;kl djrkgSA xzkgd lsok dsUæ xzkgd lsok ds fofHkUu igyqvksa dhyxkrkj leh{kk djrk jgrk gS rkfd ;g lqfuf'pr fd;k tklds fd mldk çHkko 'kk[kk Lrj ij iM+sA f'kdk;rksa (turk@xzkgdksa]foÙk ea=kky;] tu-f'kdk;r funs'kky;] Hkkjrh; fjtoZ cSad]çeq[k O;fDr;ksa ls çkIr gksus okyh) dk fuokj.k djus dsvfrfjDr mudk fo'ys"k.k fd;k tkrk gS vkSj çHkko'kkyh dnemBk, tkrs gSa rkfd oSlh f'kdk;rksa dh iqujkofÙk u gksA bldsvfrfjDr] xzkgdksa dks cSad }kjk fd, x, ok;nksa dh lafgrk dklaiw.kZ cSad esa dk;kZUo;u@vuqikyu lqfuf'pr fd;k tkrk gSA

fnYyh ds lHkh jk"Vªh;Ñr cSadksa ds fy, fnYyh ds xzkgdlsok dsUæ dk dk;ZHkkj ih,uch dks lkSaik x;k gSA

ii) xzkgdksa dh f'kdk;rsa

� 01 vçSy] 2008 dks cdk;k f'kdk;rksa dh la[;k 160

� o"kZ ds nkSjku çkIr f'kdk;rksa dh la[;k 51885

� o"kZ ds nkSjku fuokj.k dh xbZ f'kdk;rksa dh la- 51430

� 31 ekpZ 2009 dks cdk;k f'kdk;rksa dh la[;k 615

(vkt rd lHkh cdk;k f'kdk;rksa dk lek/kku dj fn;k x;k gS)

iii) cSafdax yksdiky }kjk ikfjr vokMZ

� 01 vçSy]2008 ds vuqlkj dk;kZfUor u fd, x, 3vokMks± dh la[;k

� o"kZ ds nkSjku cSafdax yksdiky }kjk ikfjr 5vokMks± dh la[;k

� o"kZ ds nkSjku dk;kZfUor fd, x, vokMks± dh la[;k 8� 31 ekpZ] 2009 ds vuqlkj dk;kZfUor u fd, 0

x, vokMks± dh la[;k

PNB 5-53.pmd 6/24/2009, 6:17 PM45

46

iv) Citizens’ Charter

Copies of Citizens’ Charter have been made available to

the customers in all the branches. Apart from English and

Hindi, copies of the Charter have been printed in 10

regional languages of different states. Pamphlets

containing the Bank’s deposit and credit schemes are

freely available to customers in the branches. These

pamphlets also contain brief details of the formalities and

documents required for availing different credit facilities.

v) Know Your Customer/Anti Money Laundering

Due to technological advancement money launderers

move funds faster across continents making

detection and prevention thereof difficult. Bank has

taken following initiatives to be more vigilant while

opening accounts as well as to monitor operations

more closely.

� Account Opening Forms (AOFs) have been

modified to capture the risk category of the

customers.

� Cash Transaction Report (CTR) in electronic form

is submitted to Financial Intelligence Unit (FIU)-

India on monthly basis, regularly.

Anti Money Laundering Software (AML Software) for

Suspicious Transactions in CBS environment has been installed

and Suspicious Transaction Reports (STRs) are being generated

and submitted to FIU-India on regular basis.

M) Right to Information Act

The Right to Information Act which came into force on

October 12, 2005 has been implemented by the Bank. The

relevant information as per the Right to Information Act has

been put on the Bank’s website (www.pnbindia.com).

During 2008-09, the Bank received 2,536 applications of

which 1,665 applicants were provided information while 28

applicants were not eligible and 843 applications were

exempted under the provision of the Act.

N) Vigilance

Bank laid emphasis on speedy disposal of vigilance cases and

complaints in line with the Central Vigilance Commission

(CVC) guidelines. Review meetings with Circle Heads were

conducted by the Chief Vigilance Officer on a regular basis

and the senior officials from Vigilance Department visited

Training centres of the Bank to enhance awareness among

the staff members on vigilance matters and prevention of

frauds.

O) Implementation of Official Language Policy

During 2008-09, all efforts were made in the Bank to promote

and propagate the progressive use of Hindi in day to day

working at all levels. Bank achieved targets in almost all the

parameters fixed for Regions “A", “B" and “C". The use of

Unicode Hindi Font was ensured in the Bank, as per the Govt.

of India guidelines.

iv) flVhtu pkVZj

lHkh 'kk[kkvksa esa flVhtu pkVZj dh çfr;ka miyC/ djk nh xbZ

gSaA vaxzsth vkSj fganh ds vykok ;s çfr;ka fofHkUu jkT;ksa dh 10

{ks=kh; Hkk"kkvksa esa Hkh NiokbZ xbZ gSaA cSad dh tek rFkk

½.k;kstukvksa ds i=kd 'kk[kkvksa esa xzkgdksa dks vklkuh ls

miyC/ gSaA bu i=kdksa esa ½.k lqfo/k,a çkIr djus ds fy,

visf{kr vkSipkfjdrkvksa vkSj nLrkostksa dk Hkh mYys[k gSA

v) vius xzkgd dks tkuuk@,UVh eWuh ykaMfjax

rduhdh mUufr ds dkj.k dkys /u dks liQsn cukus okys yksx

fufèk;ksa dks rsth ls b/j&m/j djrs gSa ftlls mudk irk yxkuk

vkSj jksdFkke dfBu gks tkrh gSA cSad us [kkrksa dks [kksyrs le;

rFkk muds ifjpkyu ij vf/d fuxjkuh j[kus ds fy, vf/d

lrdZrk cjrus gsrq fuEufyf[kr dne mBk, gSa%

� xzkgdksa ds tksf[ke oxZ dks idM+us ds fy, [kkrk [kksyus

okys iQkeZ (,vks,iQ) esa la'kks/u fd, x, gSa A

� bySDVªkWfud iQkeZ esa udnh ysu&nsu fjiksVZ (lhVhvkj)

iQkbusaf'k;y baVsyhtsal ;wfuV&Hkkjr dks ekfld vk/kj

ij fu;fer :i ls Hksth tkrh gSA

lhch,l okrkoj.k esa lafnX/ ysu&nsu ij utj j[kus ds fy, ,aVh euhykWfUMªax (,,e,y) lkWÝVos;j dk;kZfUor fd;k x;k vkSj lafnX/ ysu-nsu fjiksVZ iQkbusaf'k;y baVsyhtsal ;wfuV&Hkkjr dks fu;fer :i ls Hksthtk jgh gSA

M) lwpuk vf/dkj vf/fu;e

lwpuk vf/dkj vf/fu;e] tks 12]10]2005 dks dk;kZfUor fd;k x;k]cSad esa ykxw gks pqdk gSA bl vf/fu;e ls lacaf/r cSad dh lwpuk cSaddh osclkbV (www.pnbindia.com) ij miyC/ gSA 2008&09ds nkSjku] cSad dks 2536 vkosnu i=k çkIr gq, ftuesa ls 1665vkosndksa }kjk ekaxh xbZ lwpuk mUgsa eqgS;k djkbZ xbZA vf/fu;e dsçko/ku ds varxZr 843 vkosnu i=kks a dks NwV nh xbZ vkSj

28 vkosnd vf/fu;e ds varxZr ik=k ugha FksA

<) lrdZrk

cSad us dsUæh; lrdZrk vk;ksx (lhohlh) ds ekxZ&funZs'kksa ds vuq:i

lrdZrk ekeyksa vkSj f'kdk;rksa ds Rofjr fuiVkjs ij i;kZIr tksj fn;kA

eq[; lrdZrk vf/dkjh us eaMy çeq[kksa ds lkFk fu;fer :i ls cSBdsa

vk;ksftr dha rFkk lrdZrk foHkkx ds ofj"B vf/dkfj;ksa us deZpkfj;ksa

esa tkx:drk c<+kus ds fy, çf'k{k.k dsUæksa dk nkSjk fd;kA

.k) jktHkk"kk uhfr dk dk;kZUo;u

o"kZ 2008&09 ds nkSjku nSuafnu dk;ks± esa fganh ds ç;ksx dks c<+kok nsus

vkSj lHkh Lrjksa ij mldk çpkj djus ij fo'ks"k tksj fn;k x;kA fganh

ds ç;ksx ds laca/ esa ^d*] ^[k* vkSj ^x* rhuksa {ks=kksa ds fy, fu/kZfjr

lHkh y{; cSad us çkIr dj fy,A Hkkjr ljdkj ds ekxZ&funZs'kksa ds

vuqlkj cSad esa ;wfudksM iQkWUV dk ç;ksx lqfuf'pr fd;k x;kA

PNB 5-53.pmd 6/24/2009, 6:17 PM46

47

Bank received Consolation Prize under Govt of India’s Indira

Gandhi Rajbhasha Shield Competition, 2006-07. Bank also

got Second Prize in “A" Region and Fourth Prize in “B" Region

under Reserve Bank of India’s Rajbhasha Shield Competition,

2007-08. Bank’s bilingual in-house journal - PNB Staff Journal

received Fourth Prize under Reserve Bank of India’s “In-

House" Magazine Competition, 2007-08. ‘Town Official

Language Implementation Committees’ of Delhi, Dharmshala

and Chandigarh, whose convenor is our Bank got First, Third

and Third Prizes respectively from Regional Implementation

Offices of Govt of India, Ministry of Home Affairs, Rajbhasha

Vibhag. Bank’s various Circle Offices also won Rajbhasha

Prizes and Shields from Govt of India’s Regional

Implementation Offices.

Bank’s efforts in implementation of Official Language Policy

and Rules framed thereunder were appreciated by the

Parliamentary Committee on Official Languages on their

inspection visits to various Circle Offices and Branches.

P) Corporate Social Responsibility

(i) Our Community

� In our efforts towards becoming an intensive part of

the socio-economic fabric of the local environment with

care and concern, the Bank continued to support

financially excluded people to enable them to reap the

benefits of economic growth in the country. During

2008-09, various community based activities

undertaken by the Bank include 102 free medical eye

& general check-up camps; 26 Blood Donation Camps

and 135 Tree Plantation Camps. Bank is also maintaining

Library-cum-Reading Rooms in different parts of the

country.

� During 2008-09, the Bank organised an All India Essay

Writing Competition for students of 10th, 11th & 12th

standards to which there was an overwhelming

response from students all over the country. Prizes

were awarded to the winners. During the year, the

Bank also donated a sum of Rs. 2.61 crore to various

NGOs, societies, charitable institutions, educational

institutions and organisations working for the benefit

of downtrodden and weaker sections of the society,

tribal people/orphans, underprivileged, spastics,

handicapped, mentally retarded children, women in

shelter homes, etc.

� An unprecedented flood ravaged many areas of Bihar

and Orissa in the month of July 2008. There was

widespread damage to both lives and properties of

people. Bank came forward to help these flood affected

people and contributed Rs.1.25 crore in Chief Minister’s

Relief Fund, Bihar and Chief Minister’s Relief Fund,

Orissa. During the year, the Bank had also donated for

Mid Day Meal Programme for underprivileged children

studying in various Govt. schools. In addition, the Bank

has established Rural Self Employment Training

Institutes (RSETIs) in 11 Lead Districts which will provide

free, unique and interim short term residential Self

Employment Training Programmes to Rural Below

Poverty Line (BPL) persons.

o"kZ ds nkSjku bafnjk xka/h jktHkk"kk 'khYM çfr;ksfxrk esa o"kZ 2006&07ds fy, cSad dks çksRlkgu iqjLdkj feykA Hkkjrh; fjt+oZ cSad }kjkjktHkk"kk 'khYM çfr;ksfxrk esa o"kZ 2007&08 ds fy, cSad dks {ks=k d*esa f}rh; vkSj {ks=k ^[k* esa pkSFkk iqjLdkj Hkh feyk A cSad ls Niusokyh if=kdk (ih,uch LVkiQ tuZy) dks Hkkjrh; fjt+oZ cSad }kjk cSadksadh x`g if=kdk çfr;ksfxrk o"kZ 2007&08 esa prqFkZ iqjLdkj fn;k x;kAfnYyh] /eZ'kkyk vkSj paMhx<+ dh uxj jktHkk"kk dk;kZUo;u lfefr;ksaus] ftudk la;kstd iatkc uS'kuy cSad gS] dks Hkkjr ljdkj] x`gea=kky;] jktHkk"kk foHkkx] {ks=kh; dk;kZUo;u dk;kZy; }kjk Øe'k%çFke] r`rh; vkSj r`rh; iqjLdkj ls lEekfur fd;k x;kA

o"kZ ds nkSjku lalnh; jktHkk"kk lfefr us fofHkUu 'kk[kkvksa@eaMyksa dsnkSjksa ds nkSjku jktHkk"kk uhfr vkSj mlds fu;eksa ds dk;kZUo;u ds laca/esa cSad }kjk fd, x, ç;klksa dh ljkguk dhA

r) fuxfer lkekftd mÙkjnkf;Ro

(i) gekjk leqnk;

� LFkkuh; i;kZoj.k dh lkekftd&vkfFkZd lajpuk dk xgu :ils ,d fgLlk cuus dh fpark ,oa laca/ ds varxZr] cSadfoÙkh; lekos'ku ls oafpr yksxksa dks foÙkh; lgk;rk çnkudjus esa yxk gqvk gS rkfd mUgsa bl ;ksX; cuk;k tk lds fdos ns'k ds vkfFkZd lao`f¼ ds ykHk mBk ldsaA o"kZ 2008&09ds varxZr cSad us ns'kHkj esa fofHkUu dk;Zdyki vk;ksftrfd, ftuesa fpfdRlk] vk¡[k ,oa lkekU; tkap ds 102fu%'kqYd f'kfoj] jDrnku ds 26 f'kfoj vkSj o`{kkjksi.k ds135 f'kfoj 'kkfey gSaA cSad ns'k ds fofHkUu fgLlksa esaiqLrdky; o okpuky; pyk jgk gSA

� o"kZ ds nkSjku cSad us 10oha] 11oha ,oa 12oha] d{kkvksa dsfo|kfFkZ;ksa ds fy, vf[ky Hkkjrh; Lrj ij ,d fuca/ ys[kuçfr;ksfxrk vk;ksftr dh ftl ij laiw.kZ ns'k ls tcjnLr mRlkgns[kus esa vk;kA fotsrkvksa dks iqjLdkj çnku fd, x,A o"kZ dsnkSjku cSad us nfyrksa vkSj lekt ds detksj oxks±] tutkfr;ksa dsyksxksa@vukFkksa] oafpr oxkZsa] cslgkjk yksxksa] vkJ;&x`gksa esa jgusokyh efgykvks] eancqf¼ cPpksa] fodykax yksxksa vkfn ds fgrds fy, 2-61 djksM+ #i;s ds nku nsdj cSad us fofHkUulfefr;ksa] /ekZFkZ laLFkkvksa] f'k{k.k lLFkkvksa vkSj laxBuksa dkslgk;rk nhA

� tqykbZ 2008 ekg esa vkbZ tcjnLr ck<+ ls fcgkj vkSj mM+hlkds vusdksa {ks=k rgl&ugl gks x, FksA tku&eky dk cgqruqdlku gqvk Fkk A cSad bu ck<+ çHkkfor yksxksa dh lgk;rk dsfy, vkxs vk;k vkSj eq[;ea=kh ck<+ dks"k] fcgkj vkSj eq[;ea=khck<+ dks"k] mM+hlk dks 1-25 djksM+ #i;s dk va'knku fn;kA o"kZds nkSjku cSad us fofHkUu ljdkjh Ldwyksa esa i<+ jgs oafpr cPpksads fy, ^'feM Ms ehy* dk;ZØe ds fy, Hkh nku fn;kA bldsvfrfjDr cSad us 11 vxz.kh ftyksa esa xzkeh.k fodkl vkSj Lo-jkstxkj çf'k{k.k laLFkku (vkj ,l bZVhvkbZ) dh LFkkiuk esa HkhHkkx fy;k ftldk mís'; xjhch dh js[kk ls uhps jg jgs xzkeh.kO;fDr;ksa dks eqÝr] vf}rh; ,oa varfje vYidkfyd vkoklh;Lo&jkstxkj çf'k{k.k dk;ZØe vk;ksftr djuk gSA

PNB 5-53.pmd 6/24/2009, 6:17 PM47

48

Sports Activities

� Bank continued to take keen interest in promoting

sports and nurturing young talents. Towards this end,

“PNB Hockey Academy" which was formed in the year

2002 is grooming young talented players in the age

group of 15 to 19 years as a part of Hockey Team and

is according due support to their education and physical

well being. Bank formed a Senior Hockey Team in 2004

by recruiting Hockey players as employees of the Bank

in which, there are 17 players at present. The hockey

players groomed by the Bank represented the country

in National and International hockey tournaments

mainly Asia Cup, Junior World Cup, Olympics Qualifiers

etc. and have brought laurels to the Nation and the

Bank.

ii) Our Environment

Bank shares concerns about environmental issues

especially the Green House Gas Emission. Bank feels

that besides creating awareness about pollution which

is responsible for global warming there is a need for

taking steps for reducing pollution by banking system

as a whole.

To stabilise emission of green house gases in the

atmosphere at a level that would prevent dangerous

changes in the climate, an international agreement,

popularly known as ‘Kyoto Protocol’ was signed in the

year 1997 which permits meeting the national targets

through a combination of domestic climate change

activities and the use of the Kyoto Flexible Mechanism

namely Emission Trading System (ETS), Joint

Implementation (JI) and Clean Development

Mechanism (CDM).

The projects under CDM generate Certified Emission

Reductions (CERs) or carbon credits, which can be sold

to developed countries. India is one of the leading

generators of CERs through CDM and as such has a

large scope in carbon trading. Since the CDM projects

have to pass through a long process, our Bank has

entered into a MoU with two reputed consultants.

Further, in order to tap the potential available under

this area, Bank has put in place comprehensive

guidelines for financing Carbon Credit.

The Government of India has advised that Ozone

Depleting Substances (ODS) are required to be phased

out as per schedule prescribed therein. In view of the

obligations, the RBI has advised that finance should

not be extended for setting up of new units consuming/

producing ODS.

Besides the above, the RBI has desired that the Banks

should put in place a suitable and appropriate plan of

action towards helping the cause of Sustainable

Development with particular reference to IFC Principles

on Project Finance (the Equator Principles). Bank has

in place guidelines for providing finance to units

producing clean energy such as, solar energy, wind

energy and hydel energy on merits of each case which

[ksy&dk;Zdyki

� [ksyksa dks c<+kok nsus vkSj ubZ çfrHkkvksa dks fodflr djus esacSad fo'ks"k :fp ysrk gSA blh mís'; dh iwfrZ ds fy, îh,uchgkWdh vdkneh* ftldk xBu o"kZ 2002 esa fd;k x;k Fkk] 15ls 19 o"kZ ds vk;q oxZ ds ,sls çfrHkkoku ;qok f[kykfM;ksa dksçf'k{k.k vkSj mudh f'k{kk rFkk LokLF; ij Hkh fo'ks"k è;ku nsjgh gSA cSad esa ,d ofj"B gkWdh Vhe dk xBu Hkh o"kZ 2004esa gkWdh f[kykfM;ksa dks cSad deZpkjh j[kdj fd;k gS ftlesabl le; 17 f[kykM+h gSaA cSad }kjk rS;kj fd, x, gkWdh dsf[kykM+h dbZ varjkZ"Vªh; Lrj dh gkWdh çfr;ksfxrkvksa esa ns'k dkçfrfuf/Ro dj pqds gSa tSls] ,f'k;k di] twfu;j oYMZ di]vksyfEid ds fy, DokfyiQkbZ djuk vkfn 'kkfey gS ftulsjk"Vª ,oa cSad dk xkSjo c<+k gSA

ii) gekjk i;kZoj.k

cSad i;kZoj.k eqíksa] fo'ks"k :i ls xzhu gkml xSl ,eh'ku dsçfr lpsr gSA cSad eglwl djrk gS fd çnw"k.k] tks oSf'odm".krk ds fy, ftEesnkj gS] ds ckjs esa tkx:drk iSnk djus dsvfrfjDr laiw.kZ cSafdax ç.kkyh }kjk çnw"k.k dks de djus dsfy, dne mBkus dh vko';drk Hkh gSA

okrkoj.k esa ml Lrj rd ,eh'ku vkiQ xzhu gkml xSlst fLFkjdjus ds fy,] tks ekSle esa Hk;kog ifjorZuksa dks jksd lds] dsfy, ,d varjkZ"Vªh; djkj] tks fd lkekU;r% D;ksVks çksVksdksy*]ds uke ls tkuk tkrk gS] o"kZ 1997 esa gLrk{kfjr gqvk FkkA ;g?kjsyw ekSle ifjorZu dk;Zdykiksa vkSj D;ksVks ¶ySDlhcy eSdsfuTeuker% ,eh'ku VªsfMax flLVe (bZVh,l)] la;qDr dk;kZUo;u(tsvkbZ) ,oa Dyhu MosyiesaV eSdsfuTe (lhMh,e) dsla;qfDrdj.k }kjk jk"Vªh; y{;ksa dh çkfIr dh vuqefr çnkudjrk gSA

lhMh,e ds varxZr ifj;kstuk,a lfVZiQkbM ,eh'ku fjMD'kUt(lhbZvkj) ;k dkcZu ØsfMV l`ftr djrh gSa] tks fd fodflrns'kksa dks csph tk ldrh gSaA Hkkjr lhMh,e ds ekè;e lslhbZvkj tujsV djus okys vxz.kh ns'kksa esa ls ,d gSA vr% dkcZuVªsfMax esa O;kid O;kikj dh laHkkouk,a gSaA pwafd Dyhu MosyiesaVeSdsfuTe ifj;kstukvksa (lhMh,e) dks ,d yach çfØ;k esa lsxqtjuk iM+rk gS] vr% gekjs cSad us 2 çfrf"Br ijke'kZnkrkvksads lkFk lgefr Kkiu (,evks;w) fd;k gSA blds vfrfjDr bl{ks=k esa miyC/ laHkkoukvksa dks è;ku esa j[krs gq, dkcZu ØsfMVds foÙk iks"k.k ds fy, cSad us O;kid ekxZn'khZ fl¼kar cuk, gSaA

Hkkjr ljdkj us funZs'k fn, gSa fd vkstksu MsiysfVax lcLVsaflt

(vksMh,l) fu/kZfjr vuqlwph esa fn, vuqlkj gksus pkfg,A bllacaèk esa nkf;Roksa dks è;ku esa j[krs gq,] Hkkjrh; fjt+oZ cSad us

ijke'kZ fn;k gS fd vksMh,l daT;we@iSnk djus okys u, ;wfuV

LFkkfir djus ds fy, foÙk çnku ugha fd;k tkuk pkfg,A

mi;qZDr ds vfrfjDr] Hkkjrh; fjt+oZ cSad us ;g pkgk gS fdcSadksa dks vkbZ,iQlh fl¼karksa ds fo'ks"k lanHkZ esa i;kZIr fodklgsrq lgk;rkFkZ ifj;kstuk foÙk iks"k.k (bDosVj fl¼karksa) ds fy,,d vuqdwy vkSj mfpr dk;Z;kstuk cukuh pkfg,A cSad usLoPN mtkZ mRiUu djus okys ;wfuVksa ;Fkk lkSj mtkZ] iou mtkZ,oa iu mtkZ ds fy,] çR;sd ekeys dh xq.koÙkk ds vk/kj ij tksxzhu gkml xSlst (th,pth) ,eh'ku j[kus esa lgk;d gksrs gSa vkSj

PNB 5-53.pmd 6/24/2009, 6:17 PM48

49

help in containing Green House Gases (GHGs) emissions

leading to clean environment.

iii) Our People

The success of the Bank is directly attributable to the

dedication and commitment of our employees. Bank

aims to foster an environment where staff can develop

both personally and professionally so that they can

realise their goals and ambitions.

� This year, the employees have been provided a

forum, called ‘PNB Samadhan’ for raising their

grievances directly to the Top Management and

Chairman & Managing Director for quick

redressal. There had also been regular meetings

with the employees’ representatives of the Bank

with regard to business growth and various other

staff-related matters. Bank has also formulated

a performance linked Cash Incentive scheme for

employees. Under the scheme, the employees

are identified for cash incentive on the basis of

their performance vis-a-vis the targets allocated

under different parameters.

Q) PNB’s Subsidiaries & Regional Rural Banks

i) PNB Housing Finance Limited

During 2008-09, the economic growth was under

pressure leading to subdued growth in housing sector.

In addition, the high interest rates upto December 2008

and high property prices have dampened the demand

for housing loan. Looking into the market scenario, the

Company was able to maintain the disbursement level

of last year. The total loan disbursement amounted to

Rs. 683 crore (Rs. 676 crore last year), out of which

Rs. 514 crore was for housing and Rs.169 crore was

for non-housing.

During 2008-09, the Company achieved 32 percent

growth in Profit before tax at Rs.75.6 crore and 32

percent growth in Profit after tax at Rs. 53.4 crore.

The Company has continued with it’s policy of keeping

healthy provisions in contigencies and thus transferred

an amount equivalent to 0.40 percent on standard

housing loans in provisions for Contingencies. This is

in addition to National Housing Bank’s (NHB’s)

requirement of keeping 0.40 percent provisions on

standard non-housing loans.

The total net worth of the Company as on March 31,

2009 amounted to Rs 207 crore and the Capital

Adequacy Ratio (CAR) was 16.9 percent as against

NHB’s norm of 12 percent. The Book Value of

Company’s share was Rs.69 and the Earning Per Share

(EPS) was Rs. 17.8. The Company continued its focus

on maintaining good asset quality and gross NPAs were

contained at 0.50 percent and net NPAs at 0.30 percent

of the net loans outstanding.

CRISIL has maintained AA rating under Basel II norms.

It has also maintained AAA rating for deposits and P1+

for Commercial paper. The long term bonds of the

Company have been rated by both CRISIL and CARE

and both have maintained AA+ rating.

ftlls LoPN okrkoj.k curk gS] ds foÙk iks"k.k ds fy,ekxZfunZs'k tkjh fd, gSaA

iii) gekjs yksx

cSad dh liQyrk dk Js; gekjs deZpkfj;ksa ds leiZ.k vkSjçfrc¼rk dks tkrk gSA cSad dk mís'; ,slk okrkoj.k rS;kjdjuk gS tgka ij deZpkjh O;fDrXkr rFkk O;kolkf;d nksuksaçdkjksa ls fodflr gks lds rkfd os vius y{;ksa vkSj egRokdka{kkvksadks çkIr dj ldsA

� bl o"kZ] deZpkfj;ksa ds fy, îh,uch lek/kku* uked,d eap çnku fd;k x;k gS ftlls deZpkjh viuhf'kdk;r lhèks mPpkf/dkfj;ksa vkSj vè;{k ,oa çca/funs'kd dks rRdky fuiVkjs ds fy, Hkst ldrs gSaA cSadds deZpkfj;ksa ds çfrfufèk;ksa ds lkFk dkjksckj o`f¼ vkSjvU; LVkiQ laca/h ekeyksa ds ckjs esa fopkjksa dk vknku&çnkufu;fer :i ls gksrk jgkA bl ;kstuk ds varxZr fofHkUuekunaMksa ds varxZr fu/kZfjr y{;ksa dh rqyuk esa deZpkfj;ksads dk;Z&fu"iknu ds vk/kj ij mUgsa udn çksRlkguksa dsfy, pquk tk,xkA

Fk) ih,uch dh vuq"kaxh daifu;ka vkSj {ks=kh; xzkeh.k cSad

i) ih,uch gkmflax iQkbusal fyfeVsM

o"kZ 2008&09 ds nkSjku] vkfFkZd lao`f¼ ncko esa Fkh ftllsvkokl {ks=k esa o`f¼ /heh jgh A blds vfrfjDr fnlEcj] 2008rd Åaph C;kt njksa vkSj lEifÙk ds Åaps nkeksa us vkokl ½.kdh ekax dks de dj fn;kA cktkj ifjn`'; dks ns[krs gq,]daiuh fiNys o"kZ ds laforj.k Lrj dks dk;e j[kus esa liQyjghA dqy ½.k laforj.k 683 djksM+ #i;s jgk (fiNys o"kZ676 djksM+ #- Fkk)] ftlesa ls 514 djksM+ #i;s vkokl ,oa169 djksM+ #i;s xSj&vkokl ds fy, FksA

o"kZ 2008&09 ds nkSjku daiuh us dj ls iwoZ 75-6 djksM+ #i;sykHk vftZr djrs gq, 32» dh o`f¼ çkIr dh vkSj dj pqdkusds ckn 53-4 djksM+ #i;s dk ykHk vftZr djrs gq, 32» dho`f¼ nj ntZ djk;hA daiuh vkdfLed O;;ksa dh iwfrZ gsrqi;kZIr çko/ku djus dh viuh uhfr dks tkjh j[ks gq, gS vkSjbl çdkj daiuh us ekud vkokl ½.kksa ij vkdfLed çkoèkkuksagsrq 0-40» çko/ku ds cjkcj jkf'k varfjr dh gSA ;g ekudxSj&vkokl ½.kksa ij jk"Vªh; vkokl cSad (,u,pch) dh 0-40» çko/ku dh vis{kkvksa ds vfrfjDr gSA

31 ekpZ] 2009 dks daiuh dh dqy fuoy ekfy;r 207 djksM+#i;s Fkh vkSj iwath i;kZIrrk vuqikr ,u,pch ds 12» ds ekunaMij 16-9» jgkA daiuh ds 'ks;j dh cqd osY;w 69 #i;s Fkh vkSjçfr 'ks;j vk; vtZu (bZih,l) 17-8 #i;s FkkA daiuh us vPNhifjlEifÙk;ksa dh xq.koÙkk dks cuk, j[kus ij è;ku dsfUær j[kukdk;e j[kkA fuoy cdk;k ½.kksa ij ldy ,uih, 0-50» vkSjfuoy ,uih, 0-30» jgkA

cSly-II ekunaMksa ij fØfly us AA jsfVax cuk, j[kh gSA blus

tekjkf'k;ksa ds fy, AAA ,oa okf.kfT;d i=k ds fy, P1+cuk,

j[kh A daiuh ds nh?kkZof?k ck¡M dh jsfVax fØfly ,oa ds;j }kjk

dh xbZ vkSj nksuksa us AA+ jsfVax cuk, j[kh gSA

PNB 5-53.pmd 6/24/2009, 6:17 PM49

50

ii) PNB Gilts Limited

PNB Gilts Limited, a leading Primary Dealer in

Government securities has posted a profit before tax

of Rs. 38.12 crore and profit after tax of Rs. 24.49

crore. The networth of the company as on 31st

March

2009 was Rs.538.48 crore. The Company continue to

fulfil all its obligations as a primary dealer in primary as

well as secondary markets. The total turnover of the

Company during the year 2008-09 was Rs.62,187 crore

as against Rs.59,868 crore during last year. The

Company also strengthened its presence in other non-

core activities like Project Appraisal, Mutual Fund

Distribution and Other Merchant Banking Activities.

The Board has recommended a dividend of 8 percent

per share of the face value of Rs.10.

iii) Punjab National Bank (International) Limited

(PNBIL)

The PNBIL was authorised by the Financial Services

Authority (FSA) to conduct banking business in UK, on

13th April 2007. It commenced operations from 10th

May, 2007. As on 31.3.2009, deposit of PNBIL

was USD 146.07 million, advances USD 373 million

and Gross profit USD 3.20 million.

iv) Regional Rural Banks

Pursuant to amalgamation of 4 Regional Rural Banks

into one entity in the State of Uttar Pradesh, now there

are 6 RRBs sponsored by the Bank in 6 States covering

67 districts with a network of 1,361 branches. 45 new

branches have been opened during 2008-09.

During 2008-09, the RRBs have made fresh

disbursement of Rs.4,059.68 crore to agriculture and

allied sector registering a growth of 23 percent over

previous year. Aggregate advances of RRBs increased

to Rs.5,884 crore from Rs 5,230 crore showing a growth

of 12.5 percent. Deposits of all RRBs increased to

Rs.11,165 crore from Rs.9,111 crore, registering a

growth of 22.5 percent. During 2008-09, Profit (PBT)

of the RRBs stood at Rs.175 crore.

It has been decided to implement Core Banking Solution

in the branches of all RRBs for which a common data

center has been set up at IT Division, HO, Sansad Marg,

New Delhi. The plan is to migrate all branches of RRBs

to CBS by September 2010. First branch of Haryana

Gramin Bank, Rohtak was migrated to CBS on 16th

March 2009.

RRBs also share the vision of PNB on financial inclusion.

The RRBs opened 6.81 lakh “No Frill" accounts and

issued 12,753 fresh General Credit Cards during the

year. 2 RRBs – Haryana Gramin Bank, Rohtak and

Rajasthan Gramin Bank, Alwar have entered into an

agreement with Source Trace system Inc., USA for

undertaking financial inclusion in their area of operation.

All RRBs have also entered in tie ups for marketing of

life and non-life insurance products with insurance

companies on referral basis.

ii) ih,uch fxYV~l fyfeVsM

ljdkjh çfrHkwfr;ksa esa çkFkfed Mhyj gksus ds ukrs ih,uchfxYV~l fy- dk dj iwoZ ykHk 38-12 djksM+ #i;s gks x;ktcfd dj i'pkr~ ykHk 24-49 djksM+ #i;s jgkA 31 ekpZ]2009 dks daiuh dh 'kq¼ ekfy;r 538-48 djksM+ #i;s jghAdaiuh us çkFkfed Mhyj gksus ds ukrs izeq[k ds lkFk&lkFk xkS.kckt+kj esa Hkh lHkh vkSipkfjdrkvksa dks iwjk fd;kA o"kZ ds nkSjkudaiuh dk dqy VuZvksoj 62]187 djksM+ #i;s Fkk tcfdfiNys o"kZ ;g 59-868 djksM+ #i;s FkkA daiuh us vU; xkS.kfofo/ dk;Zdykiksa tSls ifj;kstuk ewY;kadu] E;wpqvy iQaMmRiknksa ds forj.k vkSj vU; eps±V cSafdax dk;Zdykiksa esa viuhmifLFkfr dks l`n`<+ fd;kA

funs'kd eaMy us 10 #i;s ds vafdr ewY; ds 'ks;j ij 8»ykHkka'k dh ?kks"k.kk dhA

iii) iatkc uS'kuy cSad (baVjus'kuy) fyfeVsM (ih,uchvkbZ,y)

foÙkh; lsok çkf/dj.k (,iQ,l,) us ih,uchvkbZ,y dks 13vçSy 2007 dks ;w-ds- esa cSafdax dkjksckj djus ds fy, çkfèkÑrfd;kA blus 10 ebZ] 2007 ls dk;Z djuk vkjaHk fd;kA 31-3-2009dks ih,uchvkbZ,y dh tekjkf'k;ka 146-07 fefy;u vesfjdhMkWyj Fkh tcfd blds vfxze 373 fefy;u vesfjdh MkWyj FksvkSj ldy ykHk 3-20 fefy;u vesfjdh MkWyj FkkA

iv) {ks=kh; xzkeh.k cSad

mÙkj çns'k jkT; esa 04 {ks=kh; xzkeh.k cSadksa ds ,d bdkbZ esalekesyu ls vc cSad }kjk çk;ksftr {ks=kh; xzkeh.k cSadksa dhla[;k 6 jkT;ksa ds 67 ftyksa esa 1361 'kk[kkvksa ds usVodZ dslkFk 06 gks xbZ gSA o"kZ 2008&09 ds nkSjku 45 ubZ 'kk[kk,a[kksyh x;h gSA

o"kZ 2008&09 esa {ks=kh; xzkeh.k cSadksa }kjk Ñf"k rFkk lac¼ {ks=kksa dks4059-68 djksM+ #i;s ds u, ½.k forfjr fd,A bl çdkj buesa23» dh of¼ ntZ dh xbZA {ks=kh; xzkeh.k cSadksa }kjk fn, x, vfxze5230 djksM+ #i;s ls c<+dj 5884 djksM+ #i;s gks x,A bl çdkjbuesa 12-50» dh of¼ gqbZA {ks=kh; xzkeh.k cSadksa dh tekjkf'k;ka9111 djksM+ #i;s ls c<+dj 11165 djksM+ #i;s gks xbZA buesa22-5» dh of¼ ntZ dh xbZA o"kZ 2008&09 ds nkSjku] {ks=kh;xzkeh.k cSadksa dk 'kq¼ ykHk (dj iwoZ ykHk) 175 djksM+ #i;s FkkA

;g fu.kZ; fy;k x;k gS fd lHkh {ks=kh; xzkeh.k cSadksa dh'kk[kkvksa esa dksj cSafdax lksY;w'ku dk;kZfUor fd;k tk, ftldsfy, lwpuk çkS|ksfxdh çHkkx] ç/ku dk;kZy;] laln ekxZ] ubZfnYyh esa ,d la;qDr MkVk lsaVj LFkkfir fd;k x;k gSA flrEcj]2010rd {ks=kh; xzkeh.k cSadksa dh lHkh 'kk[kkvksa dks lhch,l esa ykusdh ;kstuk gSA çFke pj.k esa 16 ekpZ] 2009 dks gfj;k.kk xzkeh.kcSad] jksgrd dks lhch,l ds varxZr yk;k x;kA

{ks=kh; xzkeh.k cSad foÙkh; lekos'ku ds laca/ esa iatkc uS'kuycSad ds fotu dk ç;ksx djrs gSaA {ks=kh; xzkeh.k cSadksa }kjk o"kZ dsnkSjku 6-81 yk[k ûks fÝy [kkrs* [kksys x, rFkk 12753 u,lkekU; ØsfMV dkMZ tkjh fd, x,A 02 {ks=kh; xzkeh.k cSad&gfj;k.kkxzkeh.k cSad] jksgrd ,oa jktLFkku xzkeh.k cSad] vyoj us viusifjpkyu {ks=k esa foÙkh; lekos'ku ds lekjaHk ds fy, lkslZ VªslflLVe bad, ;w,l, ds lkFk djkj fd;k gSA lHkh {ks=kh; xzkeh.kcSadksa us jiSQyZ csfll* ds vk/kj ij chek daifu;ksa ds lkFk thouchek rFkk lkekU; chek dh ekdZsfVax ds fy, le>kSrk fd;k gSA

PNB 5-53.pmd 6/24/2009, 6:17 PM50

51

R) The Year Ahead

The year 2009 is going to be a more challenging year than

2008. To transform and revitalize the Global economy in a

manner that is sustainable over the long term, various

international agencies including the G20 countries are

engaged in evolving strategies to support new wave of

innovation.

In the face of Global financial uncertainty, RBI has estimated

real GDP growth in 2009-10 at around 6.0 percent, assuming

that (i) fiscal and monetary stimulus measures initiated during

2008-09 coupled with lower commodity prices could cushion

the downturn in the growth momentum during 2009-10 by

stabilising domestic economic activity to some extent and

(ii) there will be normal monsoon conditions. Though it’s very

difficult to identify when the turning point is coming, we are

getting some encouraging signs for upturn in growth

momentum from industries that include Automobile, Cement,

Power and Consumer durables, etc.

R.1 Opportunities

In the backdrop of the Global financial crisis, the bankers

have to be cautious in exercising their judgement in terms of

risk assessment and credit quality assessment and then make

a decision. PNB with a robust risk management system has

shown utmost resilience and improved its credit quality,

despite the very rapid increase in credit growth. Bank will

continue to remain proactive in the emerging dynamic

financial situation and will strive to maintain the LEADERSHIP

position.

� Being the first public sector bank to implement

technology like CBS, internet banking, network

operating centre etc, Bank has an edge over

competitors. With advanced IT infrastructure, Bank

would further leverage IT for launching new tailor made

products/services with specific focus on various

customer segments and attract new generation

customers.

� India’s growing customer base provides opportunities

for cross - selling and up-selling of products.

� Bank sees ample opportunities in financing the SMEs –

the engine of growth; Agriculture – provider of both

forward & backward linkages and education – boosting

the intellectual capital.

� Rural India is the next growth horizon with an

opportunity 3 times the size of urban India.

� Financial Inclusion is a viable business proposition. Bank

is determined to introduce innovative cost effective

delivery channels, especially leveraging the advanced

technology initiatives. Bank made an ambitious plan of

increasing its current customer base of more than 38

million to 150 million by 2013.

� Bank has launched ambitious ‘Project Namaskar’ under

which one lakh touch points will be established in

unbanked villages by 2013 to extend Bank’s outreach

and create a large customer base. With branch and

kiosk model along with Financial Inclusion Business

Correspondents, Bank proposes to cover entire Indo-

Gangetic belt. Each kiosk would have 4 Business

Correspondents and would be provided with CBS

terminal and internet.

n) vkxkeh o"kZ %

o"kZ 2009 fiNys o"kZ] vFkkZr 2008 dh rqyuk esa vf/d pqukSrh iw.kZgksus tk jgk gSA oSf'od vFkZO;oLFkk dks bl çdkj cnyus ,oaiquthZfor djus ds fy, th&20 lfgr fofHkUu varjk"Vªh; ,tsafl;k¡uohu çfØ;kvksa dh ygj dks leFkZu çnku djus gsrq dk;Zfufr;k¡ ykxwdjus esa yxh gqbZ gS rkfd çxfr yEcs le; rd cuh jgsA

oSf'od foÙkh; vfu'prrk ds eísutj Hkkjrh; fjt+oZ cSad us o"kZ2009&10 ds nkSjku yxHkx 6 izfr'kr oLrfod ldy ?kjsyw mRikno`f¼ dk vuqeku yxk;k gS] ;g ekurs gq, fd (i) o"kZ 2008&09 dsnkSjku jktdks"kh; ,o¡ ekSfæd çsjd mik;] oLrqvksa dh de dherksa dslkFk o"kZ 2009&10 esa lao`f¼ dh xfr es deh yk ldrs gSa ftllsdqN gn rd ?kjsyw vkfFkZd dk;Z&dyki fLFkj gks tk;sxasA (ii) ekulwugkykr lkekU; gksaxsA ;|fi ;g fu/kZfjr djuk cgqr dfBu gksxk fdcnyko fcUnq dc vk,xkA m|ksxksa] ftuesa vkVkseksckbZy] lhesaV] ikoj,oa miHkksDrk fVdkÅ oLrq,a vkfn 'kkfey gSa] esa lao`f¼ dh xfr c<+usds mRlkgtud ladsr çkIr gks jgs gSaA

n-1 volj

oSf'od foÙkh; ladV dh i`"VHkwfe esa cSadjksa dks tksf[ke ewY;kadu vkSj½.k dh xq.koÙkk ewY;kadu ds lEcU/ esa vius fu.kZ;ksa esa lkoèkkujguk gksxk vkSj rc fu.kZ; ysuk gksxkA ½.k o`f¼ esa rhoz c<+ksÙkjh dsckotwn ih,uch us viuh etcwr tksf[ke çca/u ç.kkyh ds lkFk vf/dre yphykiu fn[kk;k gS vkSj viuh ½.k xq.koÙkk dks lq/kjk gSAcSad mHkjrh xfr'khy foÙkh; fLFkfr esa lfØ; jgus vkSj viuh usr`Rodh fLFkfr dks cuk, j[kus ds fy, ç;kljr jgsxkA

� lhch,l] baVjusV cSafdax] usVodZ lapkyu dsUæ vkfn tSlhçkS|ksfxdh dks ykxw djus esa çFke lkoZtfud {ks=k dk cSad gksusds ukrs] gekjk cSad vius izfrLif/Z;ska ls vkxs gSA vk/qfudlwpuk çkS|ksfxdh lajpuk ds lkFk cSad uohu vko';drk vkèkkfjrmRiknksa@lsokvksa dks xzkgdksa ds fofHkUu ?kVdksa rd igqapkus rFkku, ;qok xzkgdksa dks vkdf"kZr djus ij fo'ks"k è;ku ns jgk gSA

� Hkkjr ds c<+rs gq, xzkgdksa dk vk/kj cSad dks vius mRiknksa dhfcØh ,oa [kjhn ds fy, volj çnku djrk gSA

� ,l-,e-bZ- o`f¼ esa vxz.kh] Ñf"k&vxz.kh ,oa fiNM+s laidZ]f'k{kk&ckSf¼d Kku c<+kus dks foÙk iksf"kr djus esa cSad foLr`rvolj ns[krk gSA

� xzkeh.k Hkkjr esa 'kgjh {ks=kksa dh rqyuk esa rhu xq.kk o`f¼ dsvolj miyC/ gSaA

� foÙkh; lekos'ku ,d l{ke O;olkf;d çLrko gSA cSad usykxr çHkkoh fMyhojh pSuyksa fo'ks"k :i ls vk/qfud rduhdesa igy djds foÙkh; lekos'ku ds {ks=k esa dne c<+k;k gSA cSadus o"kZ 2013 rd vius orZeku xzkgdksa ds vk/kj dks 38fefy;u ls c<+kdj 150 fefy;u djus dk y{; j[kk gSA

� cSad us egRokdka{kh ûeLdkj ifj;kstuk* vkjaHk dh gSftlds varxZr 2013 rd cSad dh ifjf/ ls ckgj ds cSadjfgr xkaoksa esa lsok çnku djus ds fy, ,d yk[k dsUæ fcanqLFkkfir fd, tk,axs rFkk foLr`r xzkgd vk/kj dk fuekZ.kfd;k tk,xkA foÙkh; lekos'ku&dkjksckj çfrfuf/ lfgr 'kk[kk,oa D;ksLd ekWMy ds lkFk cSad us leLr xaxk rVh; {ks=kksa dksdoj djus dk çLrko j[kk gSA çR;sd D;ksLd esa 4 dkjksckjçfrfuf/ gksaxs vkSj mUgsa lhch,l VfeZuy ,oa baVjusV lqfo/kmiyC/ djkbZ tk,xhA

PNB 5-53.pmd 6/24/2009, 6:17 PM51

52

� Bank believes that poor are ‘MORE BANKABLE’ and

launched unique schemes for the marginalised

unserved section of the society.

� Bank would establish more Rural Self Employment

Training Institutes (RSETI) for providing training to the

rural below poverty line youth and women in productive

self employment activities.

� Bank would open more financial literacy and education

counselling centres with the objective of building

abilities of the general population for absorption of

credit and its proper utilization for income generating

activities

� Bank has set up exclusive Financial Inclusion-Back

Offices at Delhi, Chandigarh, Jaipur and Hyderabad.

Three more such FI Back Offices are to be started at

Lucknow, Patna and Chandigarh

� Bank is looking at introducing new products, such as

health insurance, micro insurance and pension for the

rural population.

� PNB proposes to launch a prepaid world Travel Card in

3 currencies – USD, Euro and GBP which will do away

with the need to carry traveller cheques and will also

work in ATMs and point of sales terminals, Globally.

� PNB being the 3rd largest Bank of the country has both

strength and capability to expand in the international

arena. In this regard, Bank would continue with the

policy of selective Global expansion.

� Bank has taken steps to upgrade infrastructure/

hardware which will ensure better processing time.

Bank has targeted a Data Centre capable of handling

business of 6,000 branches and 1 lakh terminals.

� Bank has implemented Enterprise Management System

to monitor and manage the IT Infrastructure including

Routers, Switches, Servers, Databases, mail Application

services, desktops etc. The solution is designed in such

a way that it is able to help in achieving high service

availability, effective service management, automate

the existing IT management process, minimize fault

resolution time, optimize IT resources utilization and

customer satisfaction through better service delivery.

� To foster more informed decision-making, providing

statutory & regulatory reporting and MIS, the Bank is

deploying an Enterprise Wide Data Warehouse (EDW)

solution. The EDW project is under implementation by

M/s TCS on turnkey basis.

EDW MIS Phase-I is put on live run on 4.3.09. Besides,

the MIS, other point solutions such as Customer

Relationship Management, Anti Money Laundering

have also been implemented in 1st phase.

R.2 Threats

Introduction of technology in banking operations has

imposed greater responsibility to ensure the

confidentiality, integrity and availability of corporate

� cSad dk fo'okl gS fd fu/Zu O;fDr ^vf/d cSad ;ksX;* gSarFkk lekt ds bl oxZ dks lsok çnku djus ds fy, fo'ks"k;kstuk,a vkjaHk dh xbZA

� xjhch js[kk ls uhps ds ;qokvksa vkSj efgykvksa dks Lojkstxkj mRiknufØ;kdykiksa esa çf'kf{kr djus ds fy, cSad vf/d xzkeh.k Lojkstxkjçf'k{k.k laLFkku (vkj,lbZVhvkbZ) LFkkfir djsxkA

� ½.k dks lekfgr djus vkSj vk; fuekZ.k ds fØ;kdykiksa dsfy, mlds leqfpr mi;ksx gsrq lkekU; tula[;k dh {kerk dsfuekZ.k dk y{; ysdj cSad vkSj foÙkh; lk{kjrk ,oa f'k{kkijke'kZ dsUæ [kksysxkA

� cSad us fnYyh] p.Mhx<] t;iqj vkSj gSnjkckn esa fof'k"Vforh; lekos'ku cSd vksfiQl xfBr fd;s gSaA bl çdkj ds rhuvksj ,iQ vkbZ cSd vksfiQl y[kum] iVuk vkSj paMhx< esvkjEHk fd;s tkus gSaA

� cSad xzkeh.k tula[;k ds fy, u, mRikn ;Fkk LokLF; chek]ekbØkschek ,oa iS'ku vkjEHk djus ij fopkj dj jgk gSA

� ih,uch dk rhu eqækvksa ;w,l Mkyj] ;wjks vkSj thchih esa çhisMoYMZ Vªsoy dkMZ vkjEHk djus dk çLrko gS ftlls ;k=kh pSdys tkus dh vko';drk ugh jgsxh vkSj ;g fo'o Lrj ij,Vh,e esa vksj foØ; VfeZuy fcUnqvksa ij dk;Z djsxkA

� ih,uch ds ikl] ns'k dk lcls cMk rhljk cSad gksus ds ukrsvarjkZ"Vªh; {ks=k esa foLrkj ds fy, 'kfDr vkSj lkeF;Z nksuksa gSaA bllEcU/ es¡ cSad p;fur oSf'od foLrkj dh uhfr dks tkjh j[ksxkA

� cSad us vk/kjHkwr lajpuk@gkMZos;j dks vixzsM djus ds fy, dnemBk;s gS] ftlls vksj Hkh vPNk çkslsflax VkbZe lqfuf'pr gksxkA cSadus ,d MkVk dsUæ dk y{; fu/kZfjr fd;k gS tks 6000 'kk[kkvks¡ dsO;olk; ,oa 1 yk[k VfeZuy ds j[kj[kkc es¡ leFkZ gksxkA

� lwpuk çks|ksfxdh vk/kjHkwr lajpuk ftuesa jkmVj] fLofpt]loZlZ] MkVk csl] esy ,fIIyds'ku lfoZflt] MsLd VkWi bR;kfn'kkfey gS] dks eksuhVj djus ,oa mldk çcU/u djus ds fy,cSad us m|e çcU/u flLVe dk;kZfUor fd;k gSA lksY;w'ku blçdkj fMtkbZu fd;k x;k gS fd ;g mPp lsok dh miyC/rkçHkkoh lsok çcU/u] orZeku vkbZ Vh çcU/u çfØ;k dksvkVksesV djus] iQkYV fjtksyw'ku] le; dks U;wure djus] vkbZVhlalk/kuksa dk b"Vre ç;ksx djus vkSj vPNh lsok çnku djdsxzkgd larqf"V çkIr djus esa lgk;rk çnku djus esa leFkZ gSA

� vf/d lwpukçn fu.kZ; ysus] lkafof/d ,oa fofu;ed lwpuk,amiyC/ djkus rFkk çcU/ lwpuk ç.kkyh dks fodflr djus dsfy, cSad us ,aVjçkbZt okbZM MkVk os;jgkml (bZMhM~CY;w)lksY;w'ku dk fu;kstu fd;k gSA bZMhMCY;w ifj;kstuk eSllZVhlh,l }kjk VuZ&dh vk/kj ij dk;kZfUor gksuh gSA

bZMhMCY;w çcU/ lwpuk ç.kkyh dk iQsl 1 fnukad 04-03-2009dks pkyw gks x;k gSA çcU/ lwpuk ç.kkyh ds vfrfjDr vU;fcUnw tSls xzkgd lEcU/ çcU/u] ,aVh euh ykWMfjx Hkh bldsçFke pj.k esa dk;kZfUor fd,a x, gSaA

n-2 pqukSfr;ka

cSafdax ifjpkyu esa çks|kSfxdh ykxw gksus ls xksiuh;rk] v[kaMrkvkSj dkikZsjsV tkudkjh dh miyC/rk lqfuf'pr djus dh cgqrcM+h ftEesnkjh vk xbZ gSA cSad ds ikl leLr m|e ds fy;s lwpuk

PNB 5-53.pmd 6/24/2009, 6:17 PM52

53

information. Bank has an information security policy

for the entire enterprise and deployment of IT system

is in line with the information security strategy.

Bank has deployed various security products like High

end Firewalls, Intrusion Prevention Systems, Centralised

Anti Virus Solutions, Proxy Servers, Access Control

System, Measures for Hardening of Operating Systems

etc. to protect against various information security

threats and to ensure wider assurance of safeguarding

the interest of customers.

Bank has put in place Business Continuity & Disaster

Recovery Plans for its various applications and the same

are being reviewed periodically to incorporate the

changes, which are taking place in the system.

Bank has obtained ISO 27001: 2005 Certification for

Data Centre, Network Operation Centre and Disaster

Recovery Data Centre for CBS from BSI, India

(subsidiary of British Standards Institute).

There is also a provision for various types of audits viz.

Software Audit, IS Audit, Pre & Post migration Audit

and IT Security Audit, Management Audit etc. The

audits are conducted by both internal as well as external

auditors so as to ensure the safety of systems and

compliance of rules and regulations.

To have an effective mechanism for security of all

information assets, Bank proposes to establish a

world class Security Operations Centre (SOC)

which will be the first of it kind for any Indian

Bank.

R.3 Risks & Concerns

Global financial turbulence have resulted in opening

up ONCE IN 100 YEARS business opportunities to us.

However, such opportunities also pose greater risks

arising out of higher economic volatility. We need to

be extra cautious in exercising judgement in terms of

risk assessment and credit quality assessment and then

make decisions. In the current economic scenario,

creating an effective and efficient risk management

structure is a major challenge. Bank has to clearly

envisage its risk management and take only such risks

which can be managed efficiently.

lqj{kk uhfr gS vkSj vkbZVh dh ç.kkyh dk vfHk;kstu lwpuk lqj{kk

j.kuhfr ds vuq:i gSA

cSad us fofHkUu lwpuk lqj{kk pqukSfr;ksa ds çfr lqj{kk gsrq gkbZ,UM iQk;joky] baVªtu çhosa'ku flLVel] lsaVªykbZTM ,aVh ok;jllksY;w'kal] çkWDlh loZj] ,Dlsl daVªksy flLVe mik;] vkfn tSlsfofHkUu mRiknksa dk vfHkfu;kstu fd;k gS rkfd ifjpkyuç.kkyh dks lqn`< fd;k tk lds vkSj ;g lqfuf'pr fd;k tklds fd xzkgdksa ds fgrksa dh lqj{kk vk'oLr gks ldsA

cSad us vius fofHkUu ,Iyhds'ku gsrq dkjksckj fujarjrk ,oavkink olwyh ;kstuk;sa ykxw dh gSa vkSj mudh le;≤ ijleh{kk dh tkrh gS rkfd ç.kkyh esa gks jgs ifjorZuksa dks 'kkfeyfd;k tk ldsA

cSad us MkVk dsUnz usVodZ ifjpkyu dsUnz vkSj lh ch ,l gsrqvkink olwyh MkVk dsUnz gsrq ch,lvkbZ bafM;k (fczfV'k ekudlaLFkku dh lgk;d dEiuh) ls vkbZ,lvks % 27001%2005izek.k&i=k izkIr fd;k gSA

fofHkUu izdkj dh ys[kk ijh{kk uker% lkÝVos;j ys[kk ijh{kk]vkbZ ,l ys[kk ijh{kk] iwoZ ,oa i'pkr~ ekbZxsz'ku ys[kk ijh{kkvkSj vkbZ Vh lqj{kk ys[kk ijh{kk] izcU/u ys[kk ijh{kk vkfn dhHkh O;oLFkk gSA ;g ys[kk ijh{kk vkarfjd vkSj cká nksuksa ghys[kk ijh{kdkas }kjk dh tkrh gSa] rkfd iz.kkfy;ksa dh lqj{kk vksjfu;eksa ,oa fofu;eksa dk vuqikyu lqfuf'pr fd;k tk ldsA

leLr lwpuk vkfLr;ksa dh lqj{kk gsrq izHkkoh ra=k dh

lqfu'prrk ds fy, cSad dk ,d fo'oLrjh; lqj{kk ifjpkyu

(,lvkslh) dsUnz LFkkfir djus dk izLrko gS tks fdlh Hkh

Hkkjrh; cSad ds fy, vius esa igyk gskxkA

n- 3 tksf[ke ,oa fpark;sa

oSf'od foÙkh; mFky&iqFky ds ifj.kker% gekjs fy, dkjksckj dsvolj 100 o"kksZa esa ,d ckj izkIr gq, gSA rFkkfi] ,sls voljksaij mPprj vkfFkZd vfLFkjrk ls gksus okys cgqr cM+s tksf[keksa dkHkh [krjk gSA gesa tksf[ke fu/kZj.k vkSj ½.k xq.kork fu/kZj.k dsvuqlkj fu.kZ; ysus esa vfrfjDr :i ls lko/ku jgus dh vko';drkgS vkSj rc fu.kZ; fy;k tkuk pkfg,A orZeku vkfFkZd ifjizs{; esa,d izHkkoh vkSj dq'ky tksf[ke izcU/u [kkapka rS;kj djuk ,dcM+h pqukSrh gSA cSad dks vius tksf[ke izcU/u ij LiLV :i lsfopkj djuk gksxk vkSj dsoy ogh tksf[ke mBkus gksaxsa ftudkizcU/u n{krk ls fd;k tk ldsA

PNB 5-53.pmd 6/24/2009, 6:17 PM53

54

Disclosure under Basel II (Pillar 3) in terms of

Revised Capital Adequacy Framework – year

ended 31.03.2009

Disclosures in this report pertain to Punjab National Bank (Solo).

The Capital to Risk-weighted Assets Ratio (CRAR) of the bank

(solo & group) and its four subsidiaries on stand-alone basis are

shown separately in para 3.7.

1. Scope of application

1.1 Punjab National Bank is the top bank in the group to which

the revised capital adequacy framework applies. The bank

has following four subsidiaries:

Sr. Name of the subsidiary Country of Proportion of

No. incorporation ownership

percentage

i) PNB Gilts Ltd. India 74.07

ii) PNB Housing Finance Ltd. India 100

iii) Punjab National Bank United 100

(International) Ltd. Kingdom

iv) PNB Investment India 100

Services Ltd.*

*Yet to commence business and no capital infused as on

31.03.2009.

The subsidiaries are fully consolidated as per Accounting Standard

21 of Institute of Chartered Accountants of India (ICAI).

1.2 Bank is having 20% or more stake in following entities.

Name of the Entity Country of Proportion of

incorporation ownership

percentage

i) Everest Bank Ltd. Nepal 20%

ii) UTI Asset Management

Co. Ltd. India 25%

iii) UTI Trustee Co. Pvt. Ltd India 25%

iv) Asset Care Enterprises Ltd. India 30%

v) Principal PNB Asset

Management Co. Pvt. Ltd India 30%

vi) Principal Trustee Co. Pvt. Ltd. India 30%

vii) PNB Principal Financial

Planners Pvt. Ltd. India 30%

viii) PNB Principal Insurance

Broking Pvt. Ltd. India 30%

ix) Principal PNB Life Insurance

Company Ltd. India 30%

x) Haryana Gramin Bank India 35%

xi) Himachal Gramin Bank India 35%

xii) Madhya Bihar Gramin Bank India 35%

xiii) Punjab Gramin Bank India 35%

xiv) Rajasthan Gramin Bank India 35%

xv) Sarva UP Gramin Bank India 35%

The above entities are consolidated as per Accounting Standard

23 of ICAI.

1.3 The entities as given in para 1.1 and 1.2 are consolidated as

per respective Accounting Standards of ICAI and no entity

is pro rata consolidated and there is no entity that is neither

consolidated nor deducted.

la'kksf/r iwath i;kZIrrk çsQeodZ ds 'krkZ/hu csly&II (LrEHk&3)ds vUrxZr çdVhdj.k & 31-03-2009 dks lekIr o"kZ

iatkc uS'kuy cSad (,dy) ls lEcfU/r çdVhdj.k bl fjiksVZ esa gSaA cSadvkSj bldh pkj vuq"kafx;ksa ds lhvkj,vkj ,dy o lewg vk/kj ij iSjk 3-7esa vyx vyx n'kkZ, x, gSaA

1- ç;ksx dh laHkkouk

1-1 iatkc uS'kuy cSad ml lewg esa 'kh"kZ cSad gS ftlij la'kksf/r iwathi;kZIrrk çsQeodZ ykxw gksrs gSaA cSad dh fuEufyf[kr 4 vuq"kafx;k¡ gSa %

Øe vuq"kaxh dk uke fdl ns'k LokfeRo %

la- esa cuh dk vuqikr

i) ih,uch fxYV~l fyfeVsM Hkkjr 74-07ii) ih,uch gkmflax i+QkbuSal fyfeVsM Hkkjr 100iii) iatkc uS'kuy cSad

(baVjuS'kuy)fyfeVsM ;w-ds- 100iv) ih,uch fuos'k lsok,a fyfeVsM* Hkkjr 100

* bl vuq"kaxh dks vHkh dkjksckj çkjEHk djuk gS vkSj 31-03-2009 dh fLFkfrds vuqlkj vHkh rd blesa dksbZ iw¡th ugha yxkbZ xbZ gSA

Hkkjr ds lunh ys[kkdkj laLFkku (vkbZlh,vkbZ) ds ys[kkadu ekud 21 dsvuqlkj vuq"kafx;k¡ iw.kZr;k lesfdr gSaA

1-2 cSad dk fuEufyf[kr laLFkkvksa esa 20% vFkok vf/d fgLlk gS %

Ø- laLFkk dk uke fdl ns'k LokfeRo çfr'krla- esa cuh dh ek=kk

(i) ,ojsLV cSad fyfeVsM usiky 20%

(ii) ;wVhvkbZ vlsV eSustesaV dEiuh fy- Hkkjr 25%

(iii) ;wVhvkbZ VªLVh dEiuh çk-fy- Hkkjr 25%

(iv) vlsV ds;j ,aVjçkbtst fyfeVsM Hkkjr 30%

(v) fçalhiy ih,uch vlsV eSustesaVdEiuh çk-fy- Hkkjr 30%

(vi) fçalhiy VªLVh dEiuh çk-fy- Hkkjr 30%

(vii) ih,uch fçalhiy i+Qkbusaf'k;yIykulZ çk-fy- Hkkjr 30%

(viii) ih,uch fçalhiy ba';ksjsal czksfdax çk-fy- Hkkjr 30%

(ix) fçalhiy ih,uch ykbi+Q ba';ksjsal da-fy- Hkkjr 30%

(x) gfj;k.kk xzkeh.k cSad Hkkjr 35%

(xi) fgekpy xzkeh.k cSad Hkkjr 35%

(xii) eè; fcgkj xzkeh.k cSad Hkkjr 35%

(xiii) iatkc xzkeh.k cSad Hkkjr 35%

(xiv) jktLFkku xzkeh.k cSad Hkkjr 35%

(xv) loZ ;wih xzkeh.k cSad Hkkjr 35%

mi;qZDr 15 laLFkk,a vkbZlh,vkbZ ds ys[kkadu ekud 23 ds vuqlkj lesfdrgSaA

1-3 iSjk 1-1 vkSj 1-2 esa nh xb± laLFkk,a vkbZlh,vkbZ ds lac¼ ys[kkaduekudksa ds vuqlkj lesfdr gSa vkSj dksbZ Hkh laLFkk vkuqikfrd :i lslesfdr ugha gS rFkk ,slh dksbZ laLFkk ugha gS ftls lesfdr u fd;kx;k gks ;k NksM+ fn;k x;k gksA

PNB 54-67.pmd 6/24/2009, 6:00 PM54

55

1.4 (Rs in crores)

31.03.2009 31.03.2008

The aggregate amount of There is no There is no

capital deficiencies in all capital capital

subsidiaries not included deficiency deficiency

in the consolidation i.e. in any of the in any of the

that are deducted and subsidiaries subsidiaries

the name(s) of such

subsidiaries

1.5 The bank presently is not involved in insurance

manufacturing activity. However, bank has invested in the

share capital to the extent of 30% in the following two

companies (incorporated in India)

i) PNB Principal Insurance Broking Pvt. Ltd.

ii) Principal PNB Life Insurance Company Ltd.

1.6 PNB Principal Insurance Broking Pvt. Ltd is a company

engaged in “Direct Broker” activity as per License granted

by Insurance Regulatory & Development Authority (IRDA).

The paid up capital of the company is Rs.5 crores and bank’s

stake is Rs.1.50 crores. Bank has decided to off load the

investment made in the share capital of the company.

1.7 Principal PNB Life Insurance Company Ltd. is incorporated

with an authorized capital of Rs.110 crore to commence

life insurance business. The paid-up capital of the company

is Rs.2 crore and bank’s stake is Rs.0.60 crore. This Company

has not operationalised its business and is not doing any

underwriting work. It has not been issued a license. IRDA

has directed to wind up the Company.

2. Capital Structure

2.1 Bank’s Tier I capital comprises of Equity Shares, Reserves

and Innovative Perpetual Bonds.

2.2 Bank has issued Innovative Perpetual Bonds (Tier 1 capital)

and also other bonds eligible for inclusion in Tier 2 capital.

Some of the important terms of the bonds are as under:

a. Perpetual Unsecured Non-Convertible Subordinated Bonds

in the nature of Promissory Notes (Tier I bonds)

Series Date of Bond Coupon Rate* Tenor Call option* Put

Allotment Amount Option

(Rs in Crs)

I 20.07.2007 500 10.40% annual for first 10 Perpetual At par at the end None

Years. Step up Coupon Rate of 10th

year from

of 10.90% annual for all date of allotment

subsequent years if call and thereafter on

option is not exercised at each coupon date

the end of 10th

year from (with prior RBI

the date of allotment permission)

II 11.12.2007 300 9.75% annual for first 10 Perpetual At par at the end None

years. Step up Coupon Rate of 10th

year from




the end of 10th


the date of allotment. permission)

III 18.01.2008 300 9.45% annual for first 10 Perpetual At par at the end None


year from




the end of 10th


the date of allotment permission)

IV 19.01.2009 220.50 8.90% annual for first 10 Perpetual At par at the end None


year from




the end of 10th


the date of allotment. permission)

Total 1320.50

* subject to RBI guidelines

1-4 (#i;s djksM+ esa)

31-03-2009 31-03-2008

lesdu esa u 'kkfey dh fdlh vuq"kaxh fdlh vuq"kaxhxbZ vuq"kafx;ksa@vFkkZr~ ,slh esa ,slh iw¡thxr esa ,slh iw¡thxrvuq"kafx;ksa dh iw¡thxr dfe;ksa dksbZ Hkh deh dksbZ Hkh dehdh dqy jkf'k ftUgsa lwph esa ugha gS ugha gSls dkV fn;k x;k gS rFkkmu vuq"kafx;ksa ds uke

1-5 cSad orZeku esa chek xfrfof/ esa lafyIr ugha gS rFkkfi cSad usfuEufyf[kr 2 dEifu;ksa (Hkkjr esa fuxfer) esa 30% rd 'ks;j iwathesa fuos'k fd;k gS %i) ih,uch fçalhiy ba';ksjsal czksfdax çk-fy-ii) fçalhiy ih,uch ykbZi+Q ba';ksjsal dEiuh fy-

1-6 ih,uch fçalhiy ba';ksjsal czksfdax çk-fy- ,slh dEiuh gS tks ba';ksjsaljsxqysVjh ,oa MsoyiesaV vFkkWfjVh (vkbZvkjMh,) }kjk çnÙk ykblsal dsvuqlkj ^^çR;{k czksdj** dk;Zdyki esa layXu gSA dEiuh dh pqdrkiw¡th #i;s 5 djksM+ gS vkSj blesa cSad dk fgLlk #i;s 1-50 djksM+ dkgSA cSad us ;g fu.kZ; fy;k gS fd dEiuh dh 'ks;j iw¡th esa yxk, x,vius fuos'k dks okil fy;k tk,A

1-7 fçalhiy ih,uch ykbZi+Q ba';ksjsal dEiuh fy- ykbZi+Q ba';ksjsal dkjksckj dksvkjEHk djus ds fy, #i;s 110 djksM+ dh vf/Ñr iw¡th ds lkFk cuh gSAdEiuh dh pqdrk iw¡th 2 djksM+ #i;s gS vkSj blesa cSad dk fgLlk0-60 djksM+ #i;s gSA bl dEiuh us dkjksckj çkjEHk ugha fd;k gS vkSj dksbZgkehnkjh dk dke Hkh ugha dj jgh gSA dEiuh dks ykblSal ugha fn;k x;kgSA vkbZ vkj Mh , us bl dEiuh dks can djus ds funZs'k fn, gSaA

2- iw¡thxr lajpuk2-1 cSad dh Vh;j&I iw¡th esa bfDoVh 'ks;j] çkjf{kr fuf/ vkSj uoksUes"k

csfe;knh ca/ i=k 'kkfey gSaA

2-2 cSad us Vh;j&II iw¡th esa lekos'k gsrq uoksUes"k csfe;knh ca/i=k (Vh;j&I

iw¡th) vkSj vU; ik=k ca/i=k Hkh tkjh fd, gSaA ca/i=kksa ds dqNegRoiw.kZ fuca/u fuEuor~ gSa %

d) çksfeljh uksV (Vh;j&I ca/i=k) ds :i esa csfe;knh vçfrHkwr vifjorZuh;xkS.k ca/i=k

Ük` a[kyk vkcaVu ck¡M jkf'k dwiu nj* vof/ ekax fodYi* foØ;frfFk (djksM+ fodYi

#- esa)

I 20-07-07 500 igys 10 o"kZ ds fy, 10-40% csfe;knh vkcaVu dh frfFk ls 10 dksbZokf"kZdA ;fn vkcaVu dh frfFk ls o"kZ ds var esa leewY; ugha10 o"kZ ds var rd dkWy vkI'ku ij vkSj mlds ckndk ç;ksx ugha fd;k x;k rks lHkh çR;sd dwiu frfFk ijijorhZ o"kks± ds fy, 10-90% (Hkkjrh; fjt+oZ cSadokf"kZd dwiu nj dks c<+k;k tk,A dh iwokZuqefr ls)

II 11-12-07 300 igys 10 o"kZ ds fy, 9-75% csfe;knh vkcaVu dh frfFk ls 10 dksbZokf"kZdA ;fn vkcaVu dh frfFk ls o"kZ ds var esa leewY; ugha10 o"kZ ds var rd dkWy vkI'ku ij vkSj mlds ckndk ç;ksx ugha fd;k x;k rks lHkh çR;sd dwiu frfFk ijijorhZ o"kks± ds fy, 10-25% (Hkkjrh; fjtoZ cSadokf"kZd dh o/Zd dwiu njA dh iwokZuqefr ls)

III 18-01-08 300 igys 10 o"kZ ds fy, 9-45% csfe;knh vkcaVu dh frfFk ls 10 dksbZokf"kZdA ;fn vkcaVu dh frfFk ls o"kZ ds var esa leewY; ugha10 o"kZ ds var rd dkWy vkI'ku ij vkSj mlds ckndk ç;ksx ugha fd;k x;k rks lHkh çR;sd dwiu frfFk ijijorhZ o"kks± ds fy, 9-95% (Hkkjrh; fjt+oZ cSadokf"kZd dh o/Zd dwiu njA dh iwokZuqefr ls)

IV 19-01-09 220-50 igys 10 o"kZ ds fy, 8-90% csfe;knh vkcaVu dh frfFk ls 10 dksbZokf"kZdA ;fn vkcaVu dh frfFk ls o"kZ ds var esa leewY; ugha10 o"kZ ds var rd dkWy vkI'ku ij vkSj mlds ckndk ç;ksx ugha fd;k x;k rks lHkh çR;sd dwiu frfFk ijijorhZ o"kks± ds fy, 9-40% (Hkkjrh; fjt+oZ cSadokf"kZd dh o/Zd dwiu njA dh iwokZuqefr ls)

dqy 1320-50

* Hkkjrh; fjtoZ cSad ds fn'kk funZs'kksa dh 'krkZ/hu

PNB 54-67.pmd 6/24/2009, 6:00 PM55

56

b. Unsecured Redeemable Non-Convertible Subordinated

Bonds in the nature of Promissory Notes (Upper Tier 2 bonds).

Series Date of Bond Coupon Rate* Tenor Call Put Redemption/

Allotment Amount Option* Option Maturity*

(Rs. in crs)

I 08.12.2006 500 Interest at the rate of 15 At par at None At par at the

8.80% p.a. payable years the end of end of the

annually. If the call option 10th

year 15th year

is not exercised at the end from the from the date

of 10th

year from date of date of of allotment,

allotment then the bonds allotment if the call

shall carry the interest of (with prior option is not

9.30% payable annually RBI exercised at

for the last five years i.e. permission) the end of

11th

to 15th

year 10th

year.

II 12.12.2007 500 Interest at the rate of 15 At par at None At par at the



year 15th year


of 10th






11th

to 15th

year 10th

year.

III 05.03.2008 510 Interest at the rate of 15 At par at None At par at the



year 15th year


of 10th






11th

to 15th

year 10th

year.

IV 27.03.2008 600 Interest at the rate of 15 At par at None At par at the



year 15th year


of 10th






11th

to 15th

year 10th

year.

V 29.09.2008 500 Interest will be at the rate 15 At par at None At par at the

of 10.85% p.a. payable years the end of end of the


year 15th year


of 10th






11th

to 15th

year 10th

year.

VI 22.12.2008 500 Interest will be at the rate 15 At par at None At par at the



year 15th year


of 10th






11th

to 15th

year 10th

year.

VII 18.02.2009 1000 Interest will be at the rate 15 At par at None At par at the



year 15th year


of 10th






11th

to 15th

year 10th

year.

Total 4110

*subject to RBI guidelines

c. Unsecured Redeemable Non Convertible Subordinated

Bonds in the nature of Promissory Notes (Tier 2 bonds):

Sr. Series Date of Bond Coupon Rate Tenor Date of

No. Allotment Amount (% p.a. payable (in Maturity

(Rs in Crs) annually) months)

i) VIII (i) 18.07.2002 95.00 8.30 81 18.4.2009

ii) VIII (ii) 18.07.2002 295.00 8.80 117 18.4.2012

iii) IX 04.09.2003 265.00 5.80 116 04.5.2013

iv) X 08.03.2004 500.00 5.90 111 08.6.2013

v) XI 16.06.2006 884.80 8.45 118 16.4.2016

vi) XII 16.08.2006 115.00 9.15 116 16.4.2016

vii) XIII 08.09.2006 500.00 8.95 115 08.4.2016

Total 2654.80

[k- çksfeljh uksV dh çÑfr esa vçfrHkwr çfrns; vifjorZuh; xkS.k ckW.M(vij Vh;j&2 ca/i=k)

Ük` a[kyk vkcaVu frfFk ck¡M jkf'k dwiu nj* vof/ ekax foØ; ekspu@(djksM+ fodYi* fodYi ifjiDork*#i;ksa esa)

1- 08-12-06 500 8-80% çfr o"kZ nj ij C;kt 15 vkcaVu dh dksbZ vkcaVu dh frfFkokf"kZd lans; gSA ;fn vkcaVu o"kZ frfFk ls 10 ugha ls 15 o"kZ dsdh frfFk ls 10 o"kZ ds var o"kZ ds var var esa leewY;rd dkWy vkWI'ku dk ç;ksx esa leewY; ij (;fn 10 o"kZugha fd;k x;k rks ck¡Mksa ij ij (Hkkjrh; ds var esa ekaxfiNys 5 o"kks± vFkkZr~ 11 ls fjt+oZ cSad fodYi dk15 o"kZ ds fy, 9-30% dh dh iwokZuqefr ç;ksx ugha fd;knj ls okf"kZd C;kt lans; gksxk ls) x;k gS)A







tksM+ 4110

* Hkkjrh; fjtoZ cSad ds fn'kk funZs'kksa ds 'krkZ/hu

x- çksfeljh uksV dh çÑfr esa vçfrHkwr çfrns; vifjorZuh; xkS.k ckW.M(Vh;j&2 ca/i=k)

Øe Ükà[kyk vkcaVu ck¡M jkf'k dwiu jsV vof/ ifjiDorkla- frfFk (djksM+ (% çfr o"kZ (ekg esa) frfFk

#- esa) okf"kZd lans;)

i) VIII (i) 18-07-2002 95-00 8-30 81 18-04-2009

ii) VIII (ii) 18-07-2002 295-00 8-80 117 18-04-2012

iii) IX 04-09-2003 265-00 5-80 116 04-05-2013

iv) X 08-03-2004 500-00 5-90 111 08-06-2013

v) XI 16-06-2006 884-80 8-45 118 16-04-2016

vi) XII 16-08-2006 115-00 9-15 116 16-04-2016

vii) XIII) 08-09-2006 500-00 8-95 115 08-04-2016

tksM+ 2654-80

PNB 54-67.pmd 6/24/2009, 6:00 PM56

57

2.3 The Tier 1 capital of the bank comprises:

(Rs in Crores)

Particulars 31.03.2009 31.03.2008

i) Paid up share capital 315.30 315.30

ii) Reserves (excluding

revaluation reserves) 12717.48 10467.35

iii) Innovative Perpetual Bonds 1320.50 1100.00

iv) Other Capital Instruments — —

Deductions

v) Equity Investment in

subsidiaries (50%) 222.44 158.51

vi) Intangible Assets (Deferred

Tax Assets + Computer Software) 330.92 264.30

Tier I Capital (i + ii + iii + iv –v –vi) 13799.92 11459.84

2.4 The amount of Tier 2 capital (net of deductions) is:

(Rs in Crores)

Particulars 31.03.2009 31.03.2008

The amount of Tier 2 capital

(net of deductions) 7769.85 5737.50

2.4.1The debt capital instruments eligible for inclusion in Upper

Tier 2 capital are: (Rs in Crores)

Particulars 31.03.2009 31.03.2008

Total amount outstanding 4110.00 2110.00

Of which amount raised during the

current year 2000.00 1610.00

Amount eligible to be reckoned as

capital funds 4110.00 2110.00

2.4.2 The subordinated debt eligible for inclusion in Lower Tier 2

capital is: (Rs in Crores)

Particulars 31.03.2009 31.03.2008

Total amount outstanding 2654.80 2954.80

Of which amount raised during

the current year 0.00 0.00

Amount eligible to be reckoned as

capital funds 2288.80 2519.80

2.5 Other deductions from capital, if any: (Rs in Crores)

Particulars 31.03.2009 31.03.2008

Other deductions from capital, if any: NIL NIL

2.6 The total eligible capital comprises: (Rs in Crores)

Particulars 31.03.2009 31.03.2008

Tier – I Capital 13799.92 11459.84

Tier – II Capital 7769.85 5737.50

Total Capital 21569.77 17197.34

3. Capital Adequacy

3.1 Credit Risk Management

3.1.1 Bank has developed comprehensive risk rating system that

serves as a single point indicator of diverse risk factors of

counterparty and for taking credit decisions in a consistent

2-3 cSad dh Vh;jA iw¡th esa fuEufyf[kr lfEefyr gSa %(#i;s djksM+ esa)

fooj.k 31-03-2009 31-03-2008

i) pqdrk 'ks;j iw¡th 315-30 315-30ii) çkjf{kfr;k¡ (iquewZY;u çkjf{kfr;ksa

dks NksM+dj) 12717-48 10467-35iii) uoksUes"k csfe;knh ck¡M 1320-50 1100-00iv) vU; iw¡thxr fy[kr && &&dVkSfr;k¡v) vuq"kafx;ksa esa bfDoVh

fuos'k (50%) 222-44 158-51vi) vewrZ vkfLr;k¡ (vkLFkfxr

dj vkfLr;k¡ $ dEI;wVj lkWÝVos;j) 330-92 264-30

Vh;j&A iw¡th (i+ii+iii+iv-v-vi) 13799-92 11459-84

2-4 Vh;j 2 iw¡th dh jkf'k (dVkSfr;ksa ds ckn 'kq¼) fuEufyf[kr gS %(#i;s djksM+ esa)

fooj.k 31-03-2009 31-03-2008

Vh;j 2 iw¡th dh jkf'k(dVkSfr;ksaa ds ckn 'kq¼) 7769-85 5737-50

2-4-1 vij Vh;j&AA iw¡th esa lekos'k gsrq fuEufyf[kr m/kj iw¡th fy[krsa ik=k gSa %(#i;s djksM+ esa)

fooj.k 31-03-2009 31-03-2008

dqy cdk;k jkf'k 4110-00 2110-00ftlesa ls pkyw o"kZ ds nkSjkumBkbZ xbZ jkf'k 2000-00 1610-00iw¡thxr fuf/ ds :i esaekU; ik=k jkf'k 4110-00 2110-00

2-4-2 yksvj Vh;j&AA iw¡th esa lekos'k gsrq ik=k xkS.k m/kj %(#i;s djksM+ esa)

fooj.k 31-03-2009 31-03-2008

dqy cdk;k jkf'k 2654-80 2954-80ftlesa ls pkyw o"kZ ds nkSjkumBkbZ xbZ jkf'k 0-00 0-00iw¡thxr fuf/ ds :i esaekU; ik=k jkf'k 2288-80 2519-80

2-5 iw¡th ls dksbZ vkSj dVkSfr;k¡] ;fn gksa (#i;s djksM+ esa)

fooj.k 31-03-2009 31-03-2008

;fn iwath ls dksbZ vkSj dVkSrh gqbZ gks 'kwU; 'kwU;

2-6 dqy ik=k iw¡th esa fuEufyf[kr gSa % (#i;s djksM+ esa)

fooj.k 31-03-2009 31-03-2008

Vh;j&A iw¡th 13799-92 11459-84Vh;j&AA iw¡th 7769-85 5737-50

dqy iw¡th 21569-77 17197-34

3- iwath i;kZIrrk

3-1 ½.k tksf[ke çcU/u

3-1-1 cSad us O;kid tksf[ke jsfVax ç.kkyh fodflr dh gS tks vU; i{kksa dsfofo/ tksf[ke ?kVdksa ds lrr~ n`f"V ls ½.k lEcU/h fu.kZ; ysus esa,dy fcUnq lwpd ds :i esa dk;Z djrh gSA tksf[ke jsfVax ç.kkyh

PNB 54-67.pmd 6/24/2009, 6:00 PM57

58

manner. The risk rating system is drawn up in a structured

manner, incorporating different factors such as borrower’s

specific characteristics, industry specific characteristics etc.

Risk rating system is being applied to the loan accounts

with total limits above Rs.50 lacs. Bank is undertaking

periodic validation exercise of its rating models and also

conducting migration and default rate analysis to test

robustness of its rating models.

Small loan and retail advances are subjected to Scoring

models where “Accept/ Reject” decisions are also based

on the score obtained. All retail loan applications are

necessarily to be evaluated under score card system. Scoring

models for remaining sectors like SME segments have been

developed and are under testing stage. The bank plans to

cover each borrowal account to be evaluated under rating/

score framework.

Understanding the need of technology platform in data

handling and analytics for risk management, the bank has

placed both the systems at central server network. All these

models can be assessed by the users ‘on line’ through any

office of the bank.

Additionally, to monitor the default rates, the pool/

segment rating methodology is applied to the retails/ small

loan portfolio. Default rates are assigned to identified pool/

segment to monitor the trends of historical defaults. The

pools are created based on homogeneity.

For monitoring the health of borrowal accounts at regular

intervals, bank has put in place a tool called Preventive

Monitoring System (PMS) for detection of early warning

signals with a view to prevent/minimize the loan losses.

Bank is also developing framework for estimating LGD

(Loss Given Default) and EAD (Exposure at Default) and

also the framework for identifying concentration risk. A

data warehouse is being established for effective data

management and use of application tools for quantification

of risks.

The bank has developed detailed document called Internal

Capital Adequacy Assessment Process (ICAAP) which takes

care of residual risks assessment and also adequacy of pillar

I capital calculations. The bank has also developed policies

like collateral management and credit risk mitigation, stress

testing, etc.

3.1.2 As an integral part of Risk Management System, the bank

has put in place a well-defined Loan Review Mechanism

(LRM). This helps in to bring about qualitative

improvements in credit administration. A separate

independent Division known as Credit Audit & Review

Division has been formed to ensure LRM implementation

3.1.3 The credit risk ratings are vetted/confirmed by an

independent authority. The risk rating and vetting process

are done independent of credit appraisal function to ensure

its integrity and independency.

All loan proposals falling under the powers of GM & above

at HO and circle head at field are routed through Credit

Committee. The committee will consist of one representative

each from risk management department, Credit Department

and one representative from an area not connected with

credit. The proposals shall be deliberated in the Credit

Committee from business objectives, risk management

objectives, and policies perspectives.

O;ofLFkr <ax ls rS;kj dh xbZ gS tks ½.kdrkZ dk oSf'k"V~;]m|ksxijd oSf'k"V~; vkfn tSls fofHkUu ?kVdksa dh tkudkjh nsrh gSAcSad vius jsfVax ekWM~;wYl dh vkof/d oS/rk çfØ;kvksa dks Hkhdk;Z:i nsus ds lkFk lkFk vius jsfVax ekWMyksa dh lqn`<+rk ds ijh{k.kds fy, ekbxzs'ku rFkk pwd nj fo'ys"k.kksa dks Hkh vatke nsrk gSA #i;s50 yk[k ls vfèkd dh dqy lhek okys ½.k [kkrksa ij tksf[ke jsfVaxç.kkyh ykxw dh tkrh gSA cSad vius jsfVax ekWMyksa dh oS/rk dh le;le; ij tk¡p djrk jgrk gS vkSj mudh et+cwrh dh tk¡p djus dsfy, ekbxzs'ku vkSj pwd nj dk fo'ys"k.k Hkh djrk jgrk gSA

NksVs ½.kksa vkSj [kqnjk vfxzeksa ds fy, vad nsus ds ekWMy viuk;stkrs gSa ftuesa ½.k êaT+kwj@ukeaT+kwj* djus ds fu.kZ; çkIr vadksa ij vk/kfjr gksrs gSaA [kqnjk ½.kksa ds lHkh vkosnu vfuok;Zr% vad ç.kkyhdh çfØ;k ls xqt+jrs gSaA NksVs ,oa eè;e m|e Js.kh ds 'ks"k {ks=kksa dsfy, vad i¼fr fodflr dh tk jgh gS vkSj vHkh ijh{k.k ds nkSjesa gSA cSad dh ;g ;kstuk gS fd çR;sd ½.k&[kkrk ewY;kadu@vadnsus dh çfØ;k ds Hkhrj vk tk,A

vkadM+ksa ds laca/ esa çkS|ksfxdh rFkk tksf[ke çca/u ds fy, fo'ys"k.kdh t+:jr dks le>rs gq, cSad us bu nksuksa ç.kkfy;ksa dks dsaæh; loZjusVodZ ij Mky fn;k gSA bu lHkh ekWMyksa dks ç;ksDrk cSad ds fdlhHkh dk;kZy; ls ^vkWu ykbu* bLrseky dj ldrs gSaA

blds vykok pwd dh nj dks ekWuhVj djus ds fy, [kqnjk@NksVs ½.kksads laca/ esa lewg@[kaM jsfVax çfØ;k viukbZ tkrh gSA ijaijkxr :ils gksus okyh pwd dh ço`fÙk;ksa dks ekWuhVj djus ds fy, dqN fuf'pr~lewgksa@[kaMksa dks pwd nj çnku dh tkrh gSA ,d gh fdLe ds ½.k,d lewg esa j[ks tkrs gSaA

½.k [kkrksa ds LokLF; dh le; le; ij ekWfuVfjax ds fy, cSadus ½.k gkfu;ksa dh jksdFkke@ mUgsa U;wure j[kus ds n`f"Vxr 'kh?kzpsrkouh ladsrksa dk irk yxkus ds fy, fuokjd ekWfuVfjax ç.kkyh(ih,e,l) uked O;oLFkk dks ykxw fd;k gSA

cSad ,y th Mh ({kfr nk=kh pwd) rFkk bZ , Mh (pwd laHkkfor [kkrksa)ds vuqekuksa ds fy, [+kkdk fodflr djus ds lkFk lkFk dsUæhHkwrtksf[ke ds fy, Hkh [kkdk rS;kj dj jgk gSA çHkkoh MkVk çcU/u vkSjtksf[keksa dh ek=kk dk irk yxkus ds fy, ,Iyhds'ku VwYl ds ç;ksxgsrq ,d MkVkos;j gkml dh Hkh LFkkiuk dh tk jgh gSA

cSad us ,d foLr`r nLrkost+ rS;kj fd;k gS ftldk uke gS vkUrfjd

iw¡th i;kZIrrk fu/kZj.k çfØ;k (vkbZlh,,ih) tks cpk gqvk tksf[ke

fu/kZj.k rFkk LraHk I iw¡th x.kuk dk dk;ZdÙkkZ gSA

3-1-2 ½.k tksf[ke çcU/u ds vax ds :i esa gh cSad us ,d lqifjHkkf"kr½.k leh{kk ra=k (,y vkj ,e) cuk;k gSA blls ½.k ç'kklu esaxq.kkRed lq/kj ykus esa enn feyrh gSA ½.k leh{kk ra=k dsdk;kZUo;u ds fy, ,d Lora=k çHkkx cuk;k x;k gS ftldk uke gS½.k ys[kk ijh{kk o leh{kk çHkkxA

3-1-3 ½.k tksf[ke jsfVax dk;Z dh tk¡p@iqf"V ,d Lora=k çkf/dkjh }kjkdh tkrh gSA tksf[ke dh jsfVax vkSj tk¡p çfØ;k dk dk;Z ½.kewY;kadu ls vyx fd;k tkrk gS rkfd mldh fo'oluh;rk vkSjLora=krk cuh jg ldsA

ç/ku dk;kZy; rFkk iQhYM esa egkçcU/d vkSj mlls Åij Lrjds eaMy ç/ku dh 'kfDr;ksa esa vkus okys lHkh çLrko ½.k lfefrds ekè;e ls Hksts tkrs gSaA bl lfefr esa 1&1 çfrfuf/ tksf[keçcU/u foHkkx vkSj ½.k foHkkx ls rFkk ,d çfrfuf/ ,sls {ks=kdk gksrk gS tks ½.k ls lEcfU/r u gksA mu çLrkoksa ij ½.klfefr esa dkjksckj] tksf[ke çcU/u rFkk uhfr;ksa dh n`f"V lsfopkj fd;k tkrk gSA

PNB 54-67.pmd 6/24/2009, 6:00 PM58

59

The rating category wise portfolio of loan assets is reviewed

on quarterly basis to analyze mix of quality of assets etc.

3.1.4 In order to provide a robust risk management structure,

the Credit Management and Risk policy of the bank aims

to provide a basic framework for implementation of sound

credit risk management system in the bank. It deals with

various areas of credit risk, goals to be achieved, current

practices and future strategies.

Though the bank has implemented the Standardized

Approach of credit risk, yet the bank shall continue its

journey towards adopting Internal Rating Based Approaches.

As such, the credit policy deals with short term

implementation as well as long term approach to credit risk

management. The policy of the bank embodies in itself the

areas of risk identification, risk measurement, risk grading

techniques, reporting and risk control systems /mitigation

techniques, documentation practice and the system for

management of problem loans.

3.2 Market Risk & Liquidity Risk

The objective of investment policy covering various facet

of market risk, is to assess and minimize risks associated

with treasury operations by extensive use of risk

management tools. Broadly, it encompasses policy

prescriptions for managing systemic risk, credit risk, market

risk, operational risk and liquidity risk in treasury operations.

3.2.1 For market risk arising out of various products in trading

book of the bank and its business activities, the bank sets

regulatory / internal limits and ensures adherence thereof.

Migration of credit ratings of investment portfolio is tracked

regularly. Limits for exposures to counter-parties, industries

and countries are monitored and the risks are controlled

through Stop Loss Limits, Overnight limit, Daylight limit,

Aggregate Gap limit, Individual gap limit, Value at Risk

(VaR) limit for Forex, Inter-Bank dealing and investment

limits etc.

3.2.2 For the Market Risk Management of the bank, it has a

Mid-Office with separate Desks for Treasury & Asset Liability

Management (ALM).

3.2.3 Asset Liability Management Committee (ALCO) is primarily

responsible for establishing the market risk management, asset

liability management of the bank, procedures thereof,

implementing risk management guidelines issued by regulator,

best risk management practices followed globally and ensuring

that internal parameters, procedures, practices/policies and risk

management prudential limits are adhered to.

3.2.4 The policies for hedging and/or mitigating risk and

strategies and processes for monitoring the continuing

effectiveness of hedges/mitigants are discussed in ALCO

and based on views taken by / mandates of ALCO, hedge

deals are undertaken.

3.2.5 Liquidity risk of the bank is assessed through gap analysis

for maturity mismatch based on residual maturity in different

time buckets as well as various liquidity ratios and

management of the same is done within the prudential limits

fixed thereon. Further bank is also monitoring the liquidity

position through various stock ratios. The bank is proactively

using duration gap and interest rate forecasting to minimize

the impact of interest rate changes. Advance techniques

such as Stress testing, simulation, sensitivity analysis etc. are

conducted on regular intervals to draw the contingency

funding plan under different liquidity scenarios.

vkfLr;ksa vkfn dh xq.koÙkk feJ.k dk fo'ys"k.k djus ds fy, frekghvk/kj ij ½.k vkfLr;ksa dh jsfVax Js.khokj leh{kk dh tkrh gSA

3-1-4 et+cwr tksf[ke çcU/u <k¡pk çnku djus ds fy, cukbZ xbZ cSad dh½.k çcU/u ,oa tksf[ke uhfr dk mís'; gS cSad dh et+cwr ½.ktksf[ke çcU/u ç.kkyh ds dk;kZUo;u gsrq ,d ewyHkwr <k¡pk çnkudjukA ;g uhfr ½.k tksf[ke] çkIr y{;ksa] orZeku çFkkvksa vkSj Hkkohuhfr;ksa tSls vusd dk;Z{ks=kksa ij çdk'k Mkyrh gSA

gkykafd cSad us ½.k tksf[ke ds lEcU/ esa ,d ekud nf"Vdks.kviuk;k gqvk gS rFkkfi vkUrfjd jsfVax vk/kfjr nf"Vdks.k dks viukukHkh tkjh j[kk tk,xkA blfy, gekjh ½.k uhfr ½.k tksf[ke çcU/u dsçfr vYikof/ dk;kZUo;u rFkk nh?kkZof/ nf"Vdks.k nksuksa dks gh Lohdkjdjrh gSA cSad dh uhfr esa tksf[ke dh igpku djuk] tksf[ke dh ek=kkdk irk yxkuk] tksf[ke ds Lrj dks r; djus dh rduhd] fjiksfV±x otksf[ke fu;a=k.k i¼fr;k¡ rFkk mUgsa de djus ds rjhds] çys[khdj.k dhçFkk,a ,oa leL;kewyd ½.kksa ls fuiVus ds rjhds fufgr gSaA

3-2 ckt+kj tksf[ke ,oa rjyrk tksf[ke

fuos'k uhfr dk mís'; fofHkUu tksf[ke çcU/u mik;ksa ds O;kidmi;ksx ls dks"k ifjpkyu ls tqM+s tksf[keksa dk ewY;kadu ,oa mUgsaaU;wure cukuk gSA eq[;r% ;g çfØ;kxr tksf[ke] ½.k tksf[ke] ckt+kjtksf[ke] lapkyu tksf[ke rFkk dks"k ifjpkyu esa rjyrk tksf[ke dsçcU/u gsrq uhfrxr mik;ksa dks vkRelkr~ djrk gSA

3-2-1 dks"k ds fofHkUu mRiknksa rFkk bldh O;kolkf;d xfrfof/;ksa ls O;qRiUuckt+kj tksf[ke ds fy,] cSaad fofu;ked@vkUrfjd lhekvksa dk fu/kZj.kvkSj budh vuqikyuk lqfuf'pr djrk gSA jsfVax ds mrkj&p<+ko ijfu;fer fuxjkuh j[kh tkrh gSA dkmaVj ikVhZ] m|ksx rFkk ns'kksa ds dk;Zdykiksadh lhekvksa dks ekWfuVj fd;k tkrk gS rFkk {kfr lhekvksa dh jksd]vksojukbV fyfeV] MsykbV fyfeV] lE;d~ varj fyfeV] ,dy varjfyfeV] fons'kh fofue; gsrq oSY;w ,sV fjLd (oh,vkj)] var% cSad ysunsurFkk fuos'k lhek vkfn ds ekè;e ls tksf[keksa dks fu;af=kr fd;k tkrk gSA

3-2-2 cSad ds ckt+kj tksf[ke çcU/u ds fy, blds ikl dks"k rFkk vkfLrns;rk çcU/u vFkkZr~ ,,y,e ds fy, i`Fkd~ i`Fkd~ MSLdksa ls ;qDr,d feM vkWfiQl fo|eku gSA

3-2-3 vkfLr ns;rk çcU/u lfefr cSad dk ckt+kj tksf[ke çcU/ djus]rRlaca/h çfØ;kvksa] tksf[ke çcU/u] dk;kZUo;u fofu;kedksa }kjk tkjhekxZn'khZ funZs'kksa] fo'o Hkj esa O;oâr mRÑ"V tksf[ke çcU/u & çFkkvksarFkk vkarfjd iSjkehVjksa] çfØ;kvksa] i¼fr;ksa@uhfr;ksa ds fy, mÙkjnk;hgS vkSj tksf[ke çcU/u foosdh lhekvksa dk ikyu djrh gSA

3-2-4 tksf[ke ds fo#¼ çfrj{kk vkSj@vFkok mls de djus ds fy, uhfr ;kdk;Zuhfr cukus rFkk mudh çHkko'khyrk dh tk¡p djus ds fy, vkfLrns;rk çcU/ lfefr dh cSBdksa esa fopkj fd;k tkrk gSA ,slk djrs le;bl ckr dk /;ku j[kk tkrk gS fd bl laca/ esa vkfLr ns;rk çcU/lfefr ds D;k fopkj gSa rFkk çfrj{kk ds ckjs esa D;k dkjZokbZ dh xbZ gSA

3-2-5 fofHkUu dky[kaMksa esa vof'k"V ifjiDork ij vk/fjr csesy ifjiDork

ds fy, varj fo'ys"k.k ds ekè;e ls cSad dh rjyrk tksf[ke ds

ewY;kadu ds lkFk lkFk fofHkUu rjyrk vuqikrksa dks fy;k tkrk gS rFkk

muds fy, fu/kZfjr foosdh lhekvksa ds Hkhrj budk çcU/u fd;k

tkrk gSA ncko ijh{k.k (LVªSl VsfLVax)] vuqdj.k (flE;qys'ku)]

laosnh fo'ys"k.k bR;kfn tSlh vfxze rduhdksa ds vk/kj ij fu;fer

varjkyksa ls fo'ys"k.k fd, tkrs gSa rkfd fofHkUu rjyrk ifjn`';ksa ds

vUrxZr vkdfLed fuf/;ksa dh ;kstuk rS;kj dh tk ldsA

PNB 54-67.pmd 6/24/2009, 6:00 PM59

60

3.3 Operational Risk

Bank has put in place detailed framework of Operational

Risk Management with a well-defined ORM Policy. The

bank has a separate Operational Risk Management

Department under overall supervision of Operational Risk

Management Committee (ORMC) headed by CMD is the

top-level functional committee for operational risk. All the

operational risk aspects like analysis of historical loss data

(including near miss events, attempted frauds & robberies,

external loss events), etc. are placed to the ORMC on

quarterly basis.

3.4 The capital requirements for credit risk:are:

(Rs. in crores)

31.03.2009 31.03.2008

Portfolios subject to standardised

approach 12025.00 9913.06

Securitization exposure NIL NIL

3.5 The capital requirements for market risk (under standardised

duration approach) are:

(Rs. in crores)

Risk Category 31.03.2009 31.03.2008

i) Interest Rate Risk 353.25 438.41

ii) Foreign Exchange Risk

(including Gold) 9.00 9.00

iii) Equity Risk 279.33 166.38

iv) Total capital charge for market

risks under Standardised duration

approach (i + ii + iii) 641.58 613.79

3.6 The capital requirement for operational risk under Basic

indicator approach is :

(Rs. in crores)

Capital requirement for 31.03.200931.03.2008

operational risk

Basic indicator approach 1165.60 974.62

3.7 The capital ratios of the bank, (solo & group) and

subsidiaries are:

Punjab National Bank (Solo)

31.03.2009 31.03.2008

CRAR% 14.03% 13.46%

CRAR – Tier I capital (%) 8.98% 8.97%

CRAR – Tier II capital (%) 5.05% 4.49%

Punjab National Bank (Group)

31.03.2009 31.03.2008

CRAR% 14.27% 13.86%

CRAR – Tier I capital (%) 9.21% 9.33%

CRAR – Tier II capital (%) 5.06% 4.53%

3-3 ifjpkyuxr tksf[ke

cSad us visf{kr tkudkjh gkfly djus rFkk lqifjHkkf"kr ifjpkyutksf[ke lEcU/h uhfr ds lkFk foLrr ifjpkyu tksf[ke çcU/ ra=k ykxwfd;k gSA cSad esa vyx ls ,d ifjpkyu tksf[ke çcU/ foHkkx gSftldk lexz i;Zos{k.k ifjpkyu tksf[ke çcU/ lfefr (vks vkj ,elh) djrh gSA bl lfefr ds vè;{k gekjs vè;{k o çcU/ funs'kd gSavkSj ;g lfefr ifjpkyu tksf[ke ds fy, lokZsPp dk;Zlfefr gSAifjpkyu tksf[ke lEcU/h lHkh igyw tSls ,sfrgkfld gkfu laca/hvk¡dM+ksa dk fo'ys"k.k (ftlesa ?kkVs ds djhc djhc igq¡ps gq, ekeys]èkks[kk/M+h vkSj MdSrh ds ç;kl] ckgjh gkfu dh ?kVuk,a vkfn Hkh'kkfey gSaA) frekgh vk/kj ij vks vkj ,e lh dks çLrqr fd, tkrs gSaA

3-4 ½.k tksf[ke ds fy, iw¡thxr vis{kk,a fuEufyf[kr gSa %(#i;s djksM+ esa)

31-03-2009 31-03-2008

ekud n`f"Vdks.k ds v/huiksVZi+Qksfy;ks 12025-00 9913-06çfrHkwfrdj.k ls [+krjk 0-00 0-00

3-5 ckt+kj tksf[ke ds fy, iw¡thxr vis{kk,a (ekudhÑr vof/ n`f"Vdks.kds varxZr) fuEufyf[kr gSa %

(#i;s djksM+ esa)

tksf[ke Js.kh 31-03-2009 31-03-2008

i) C;kt nj tksf[ke 353-85 438-41ii) fons'kh fofue; tksf[ke

(Lo.kZ lfgr) 9-00 9-00iii) bfDoVh tksf[ke 279-33 166-38iv) ekudhÑr vof/ n`f"Vdks.k ds vUrxZr

ckt+kj tksf[keksa ds fy, dqy iw¡thçHkkj (i+ii+iii) 641-58 613-79

3-6 ewy ladsrd nf"Vdks.k (csfld bafMdsVj vçksp) ds vUrxZr ifjpkyuxrtksf[ke ds fy, iw¡th dh vko';drk fuEufyf[kr gS %

(#i;s djksM+ esa)

ifjpkyuxr tksf[ke ds fy, iw¡th 31-03-2009 31-03-2008dh vko';drkewy ladsrd n`f"Vdks.k 1165-60 974-62

3-7 cSad ds ,dy rFkk lewg vkSj vuq"kafx;ksa ds iw¡thxr vuqikr fuEuor~gSa %

iatkc uS'kuy cSad (,dy)31-03-2009 31-03-2008

lhvkj,vkj % 14.03% 13.46%

lhvkj,vkj&Vh;j&A iw¡th (%) 8.98% 8.97%

lhvkj,vkj&Vh;j&AA iw¡th (%) 5.05% 4.49%

iatkc uS'kuy cSad (lewg)31-03-2009 31-03-2008

lhvkj,vkj % 14.27% 13.86%

lhvkj,vkj&Vh;j&A iw¡th (%) 9.21% 9.33%

lhvkj,vkj&Vh;j&AA iw¡th (%) 5.06% 4.53%

PNB 54-67.pmd 6/24/2009, 6:00 PM60

61

Subsidiaries:

Name of subsidiary CRAR – Tier I CRAR – Tier II CRAR%

capital (%) capital (%)

31.03.2009 31.03.2008 31.03.2009 31.03.2008 31.03.2009 31.03.2008

PNB Gilts Ltd 25.96% 34.55% NIL NIL 25.96% 34.55%

PNB Housing

Finance Ltd 11.30% 10.32% 6.19% 6.96% 17.49% 17.28%

Punjab National Bank

(International) Ltd. 17.20% 56.02% 8.20% NIL 25.40% 56.02%

PNB Investment

Services Ltd.* NIL NIL NIL NIL NIL NIL

*Yet to commence business and no capital infused as on 31.03.2009.

4. Credit risk: general disclosures

4.1 Any amount due to the bank under any credit facility is

overdue if it is not paid on the due date fixed by the bank.

Further, an impaired asset is a loan or an advance where:

(i) interest and/or instalment of principal remains overdue

for a period of more than 90 days in respect of a term loan.

(ii) the account remains out of order in respect of an

overdraft/cash credit:

- if the outstanding balance remains continuously in

excess of the 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

(iii) in case of bills purchased & discounted, if the bill

remains overdue for a period of more than 90 days

(iv) the instalment or principal or interest thereon remains

overdue for two crop seasons for short duration and

the instalment of principal or interest thereon remains

overdue for one crop season for long duration crops.

4.2 Credit approving authority, prudential exposure limits,

industry exposure limits, credit risk rating system, risk based

pricing and loan review mechanisms are the tools used by

the bank for credit risk management. All these tools have

been defined in the Credit Management & Risk Policy of

the bank. At the macro level, policy document is an

embodiment of the Bank’s approach to understand,

measure and manage the credit risk and aims at ensuring

sustained growth of healthy loan portfolio while

dispensing the credit and managing the risk. Credit risk is

measured for each borrower through sophisticated models,

which are regularly tested for their predictive ability as per

best practices.

4.3 The total gross credit risk exposures are:

(Rs in Crores)

Category 31.03.2009 31.03.2008

Fund Based 156098.45 120931.96

Non Fund Based 42241.11 30616.01

vuq"kafx;k¡ %vuq"kaxh dk uke lhvkj,vkj&Vh;j&A lhvkj,vkj&Vh;j&AA lhvkj,vkj %*

iw¡th (%)* iw¡th (%)*

31-03-09 31-03-08 31-03-09 31-0308 31-03-09 31-03-08

ih,uch fxYV~l fyfeVsM 25-96% 34-55% 'kwU; 'kwU; 25-96% 34-55%

ih,uch gkmflax iQkbuSalfyfeVsM 11-30% 10-32% 6-19% 6-96% 17-49% 17-28%

iatkc uS'kuy cSad(baVjuS'kuy) fy- 17-20% 56-02% 8-20% 'kwU; 25-40% 56-02%

ih,uch bUosLVesaV lfoZlst+fyfeVsM* 'kwU; 'kwU; 'kwU; 'kwU; 'kwU; 'kwU;

* vHkh bls dkjksckj çkjEHk djuk gS vkSj 31-03-2009 dh fLFkfr ds vuqlkj blesa dksbZ iw¡th fuos'kugha fd;k x;kA

4- ½.k tksf[ke % lkekU; çdVhdj.k

4-1 ;fn fdlh ½.k lqfo/k ds vUrxZr cSad }kjk fu/Zfjr ns; frfFk ijdksbZ jkf'k pqdkbZ ugha tkrh rks og jkf'k vfrns; gksrh gSA bldsvykok] vilkekU; vkfLr rc m/kj ;k vfxze gksrk gS tc %

(i) fdlh lkof/ ½.k ds lEcU/ esa C;kt vkSj@;k ewy/u dhfdLr 90 fnuksa ls vf/d vof/ ds fy, vfrns; jgrh gSA

(ii) fdlh vksojMªkÝ+V@dS'k ØsfMV ds lEcU/ esa [kkrk Bhd ughajgrkA

- cdk;k 'ks"k [email protected] 'kfDr ls fujUrj T+;knk jgrk gSA- mu ekeyksa esa tgk¡ ewy/u ifjpkyu [kkrs esa cdk;k 'ks"k

LohÑr [email protected] 'kfDr ls de gS] fdUrq rqyui=k dhfrfFk dks yxkrkj 90 fnuksa ds fy, dksbZ ØsfMV ugha gS vFkokmlh vof/ ds nkSjku MsfcV fd, tkus okys C;kt dks dojdjus ds fy, i;kZIr ØsfMV miyC/ ugha gSA

(iii) [+kjhns x, vkSj Hkquk, x, fcyksa ds ekeys esa ;fn fcy 90 lsT+;knk fnuksa dh vof/ ds fy, vfrns; jgrk gSA

(iv) fdLr ;k ewy/u ;k ml ij C;kt y?kq vof/ okys nks i+QlyhekSleksa ds fy, vfrns; jgrk gS vkSj ewy/u dh fdLr ;k mlij C;kt rFkk yEch vof/ dh i+Qlyksa ds fy, ,d i+QlyhekSle ds fy, vfrns; jgrk gSA

4-2 ½.k tksf[ke çcU/u ds fy, cSad }kjk ½.k vuqeksnu çkf/dkjh] foosdh½.k lhekvksa] vkS|ksfxd ½.k lhekvksa] ½.k tksf[ke jsfVax ç.kkyh] tksf[kevk/fjr ewY;u rFkk ½.k leh{kk i¼fr;ksa dks mik; Lo:i ç;ksx esa yk;ktkrk gSA cSad dh ½.k çcU/u rFkk tksf[ke uhfr esa bu lHkh mik;ksa dkmYys[k fd;k x;k gSA lef"V Lrj ij ns[ksa rks uhfr lEcU/h nLrkost+ cSadds nf"Vdks.k dks le>us] ekius vkSj O;ofLFkr djus dk ,d ,slk lk/ugS ftlls ½.k lEcU/h tksf[keksa dk lapkyu fd;k tk ldrk gS vkSj ;glqfuf'pr~ fd;k tk ldrk gS fd ½.k nsus vkSj tksf[ke dk çcU/ djusds le; ½.k iksVZi+Qksfy;ks dks LoLFk j[kk tk ldrk gSA çR;sd ½.kh ds½.k tksf[ke dks ,sls ukT+kqd ekWMyksa ds ekè;e ls ukik tkrk gS ftudsvk/kj ij fu;fer :i ls ijh{k.k djrs gq, ½.k fo'ks"k dh Hkkoh fLFkfrdk vankt+k yxk;k tk ldrk gSA

4-3 dqy ldy ½.k tksf[ke çdVhdj.k fuEuor~ gSa %(#i;s djksM+ esa)

Js.kh 31-03-2009 31-03-2008

fuf/ vk/fjr 156098-45 120931-96

x+Sj fuf/ vk/fjr 42241-11 30616-01

PNB 54-67.pmd 6/24/2009, 6:00 PM61

62

4.4 The geographic distribution of exposures is:

(Rs in Crores)

Category Overseas Domestic

31.03.2009 31.03.2008 31.03.2009 31.032008

Fund Based 3825.00 282.79 152273.45 120649.17

Non-fund

based 162.91 27.30 42078.20 30588.71

4.5 (a) Industry type distribution of exposures (Fund Based)

is as under:

(Rs. in crores)

S. INDUSTRY 31.03.2009 31.03.2008

N. CODE

1 1 COAL 14.99 13.73

2 2 MINING 738.89 582.78

3 3 IRON AND STEEL 7118.49 7855.75

4 4 OTHER METAL &

METAL PRODUCTS 865.23 958.36

5 5 ALL ENGINEERING 3304.38 3408.42

5.1 Of which (005)

Electronics 809.13 992.43 0.00

6 6 ELECTRICITY 5003.46 4826.29

7 7 COTTON TEXTILES 1555.03 2277.27

8 8 JUTE TEXTILTES 98.87 62.25

9 9 OTHER TEXTILES 2554.63 3270.66

10 10 SUGAR 2319.00 2448.38

11 11 TEA 6.02 6.08

12 12 FOOD PROCESSING 2763.95 1570.64

13 13 VEGETABLE OILS AND VANASPATI 522.87 682.33

14 14 TOBACCO & TOBACCO PRODUCTS 13.89 15.02

15 15 PAPER & PAPER PRODUCTS 963.32 1145.80

16 16 RUBBER & RUBBER PRODUCTS 114.02 149.15

17 17 CHEMICALS, DYES, PAINTS, ETC. 2282.42 2780.11

17.1 Of which Fertilisers 166.85 640.81 0.00

17.2 Of which Petro-chemicals 451.48 386.33 0.00

17.3 Of which Drugs &

Pharmaceuticals 1111.06 1079.69 0.00

18 18 CEMENT 794.00 1253.73

19 19 LEATHER & LEATHER PRODUCTS 344.44 452.99

20 20 GEMS AND JEWELLERY 624.00 597.93

21 21 CONSTRUCTION 3868.50 2546.98

22 22 PETROLEUM 564.20 2065.02

23 23 AUTOMOBILES INCLUDING TRUCKS 448.90 358.60

24 24 COMPUTER SOFTWARE 32.45 50.07

25 25 INFRASTRUCTURE 22082.58 6711.39

25.1 Of which Power 4681.49 295.95 0.00

25.2 Of which

Telecommunications 6772.86 1248.93 0.00

25.3 Of which Roads &

Ports 3080.48 2058.79 0.00

26 26 NBFCs 6158.37 5878.87

27 27 TRADING 1786.91 1262.67

28 28 OTHER INDUSTRIES 9719.78 7590.16

TOTAL 76663.58 60821.43

29 29 Residuary Other Advances 79434.87 60110.53

GRAND TOTAL 156098.45 120931.96

Industry exposure is more than

5% of gross fund based exposure 0.00

1 3 IRON AND STEEL 7855.75

2 25 INFRASTRUCTURE 22082.58

4-4 ½.kksa dk HkkSxksfyd laforj.k fuEuor~ gS %(#i;s djksM+ esa)

Js.kh fons'kh varnsZ'kh;

31-03-2009 31-03-2008 31-03-2009 31-03-2008

fuf/ vk/fjr 3825-00 282-79 152273-45 120649-17

x+Sj fuf/vk/fjr 162-91 27-30 42078-20 30588-71

4-5 (d) ½.kksa dk m|ksxokj laforj.k (fuf/ vk/kfjr) fuEuor~ gS %

(djksM+ #i;s esa)

Ø- m|ksx 31-03-2009 31-03-2008la- dksM

1 1 dks;yk 14-99 13-732 2 [kku 738-89 582-783 3 yksgk ,oa bLikr 7118-49 7855-754 4 vU; /krq,a ,oa

/krq mRikn 865-23 958-365 5 lHkh bathfu;fjax 3304-38 3408-42

5-1 ftlesa ls (005)bySDVªkWfudh 809-13 992-43 0-00

6 6 fo|qr 5003-46 4826-297 7 lwrh VSDlVkby 1555-03 2277-278 8 twV VSDlVkby 98-87 62-259 9 vU; VSDlVkby 2554-63 3270-6610 10 phuh 2319-00 2448-3811 11 pk; 6-02 6-0812 12 [kk| çlaLdj.k 2763-95 1570-6413 13 ouLifr rsy ,oa ouLifr 522-87 682-3314 14 rackdw ,oa rackdw mRikn 13-89 15-0215 15 dkx+t+ ,oa dkx+t+ mRikn 963-32 1145-8016 16 jcM+ vkSj jcM+ mRikn 114-02 149-1517 17 dSfedy MkbZ isaV~l vkfn 2282-42 2780-11

17-1 ftuesa ls moZjd 166-85 640-81 0-0017-2 ftuesa ls iSVªksdSfedYl 451-48 386-33 0-0017-3 ftuesa ls MªXl vkSj

iQkeZslh lEcU/h 1111-06 1079-69 0-0018 18 lhesaV 794-00 1253-7319 19 peM+k ,oa peM+k mRikn 344-44 452-9920 20 jRu vkSj vkHkw"k.k 624-00 597-9321 21 fuekZ.k 3868-50 2546-9822 22 iSVªksfy;e 564-20 2065-0223 23 Vªdksa lfgr vkVkseksckby 448-90 358-6024 24 daI;wVj lkWÝ+Vos;j 32-45 50-0725 25 bUçQkLVªDpj 22082-58 6711-39

25-1 buesa ls ikWoj 4681-49 295-95 0-0025-2 buesa ls

nwjlapkj 6772-86 1248-93 0-0025-3 buesa ls lM+dsa vkSj

canjxkg 3080-48 2058-79 0-0026 26 ,uch,iQlh 6158-37 5878-8727 27 VªsfMax 1786-91 1262-6728 28 vU; m|ksx 9719-78 7590-16

tksM+ 76663-58 60821-43

29 29 vof'k"V vU; vfxze 79434-87 60110-53

dqy tksM+ 156098-45 120931-96

vkS|ksfxd ½.k ldy fuf/ vk/kfjr½.kksa ds 5% ls vf/d gS 0-00

1 3 yksgk vkSj bLikr 7855-752 25 vk/kjHkwr lajpuk 22082-58

PNB 54-67.pmd 6/24/2009, 6:00 PM62

63

(b) Industry type distribution of exposures (Non Fund Based) is as under:

(Rs. in crores)

S. INDUSTRY 31.03.2009 31.03.2008

N. CODE

1 1 COAL 22.63 27.66

2 2 MINING 1330.06 325.00

3 3 IRON AND STEEL 6662.52 5675.19

4 4 OTHER METAL &

METAL PRODUCTS 126.31 144.76


5.1 Of which (005)

Electronics 391.95 286.53 0.00

6 6 ELECTRICITY 253.25 3.93

7 7 COTTON TEXTILES 192.21 169.26

8 8 JUTE TEXTILTES 24.95 11.55

9 9 OTHER TEXTILES 543.16 447.39

10 10 SUGAR 326.94 258.83

11 11 TEA 0.00 2.32

12 12 FOOD PROCESSING 459.04 149.50

13 13 VEGETABLE OILS AND VANASPATI374.01 524.01

14 14 TOBACCO & TOBACCO PRODUCTS 6.03 5.48

15 15 PAPER & PAPER PRODUCTS 73.64 59.16

16 16 RUBBER & RUBBER PRODUCTS 38.56 56.28

17 17 CHEMICALS, DYES, PAINTS, ETC. 1747.91 895.48

17.1 Of which Fertilisers 868.26 187.70 0.00

17.2 Of which Petro-chemicals 300.64 176.24 0.00

17.3 Of which Drugs &

Pharmaceuticals 247.11 236.22 0.00

18 18 CEMENT 1001.52 126.89

19 19 LEATHER & LEATHER PRODUCTS 368.31 31.51

20 20 GEMS AND JEWELLERY 240.24 14.37

21 21 CONSTRUCTION 301.67 649.08

22 22 PETROLEUM 122.52 1149.86

23 23 AUTOMOBILES

INCLUDING TRUCKS 282.34 203.70

24 24 COMPUTER SOFTWARE 1.03 17.60

25 25 INFRASTRUCTURE 7935.34 3939.94

25.1 Of which Power 1360.29 1107.12 0.00

25.2 Of which

Telecommunications 3459.39 281.80 0.00

25.3 Of which Roads & Ports 999.27 1213.90 0.00

26 26 NBFCs 868.35 24.41

27 27 TRADING 3628.55 1931.81

28 28 OTHER INDUSTRIES 4262.36 1942.90

TOTAL 34419.96 21465.66

29 29 Residuary Other Advances 7821.15 9150.35

GRAND TOTAL 42241.11 30616.01

Industry where non- fund based outstanding is

more than 5% of gross non-fund based outstanding. 0.00

1 3 IRON AND STEEL 6662.52 5675.19

2 27 TRADING 3628.55


4.6 The residual contractual maturity break down of assets is:

(Rs in Crores)

Maturity Pattern Advances* Investments Foreign

(gross) Currency

Assets*

Next day 3770.72 30.00 129.77

(1156.11) (0.00) (242.80)

2 - 7 days 3885.62 1048.20 683.76

(2771.30) (252.36) (85.15)

8 - 14 days 3561.19 19.54 148.65

(4405.91) (110.69) (100.58)

[k- ½.kksa dk vkS|ksfxd laforj.k (x+Sj&fuf/&vk/kfjr) fuEuor~ gS %(djksM+ #i;s esa)

Ø- m|ksx 31-03-2009 31-03-2008la- dksM

1 1 dks;yk 22-63 27-662 2 [kku 1330-06 325-003 3 vk,ju ,oa LVhy 6662-52 5675-194 4 vU; /krq,a ,oa

/krq mRikn 126-31 144-765 5 lHkh bathfu;fjax 3226-49 2677-79

5-1 ftlesa ls (005)bySDVªkWfudh 391-95 286-53 0-00

6 6 fo|qr 253-25 3-937 7 lwrh VSDlVkby 192-21 169-268 8 twV VSDlVkby 24-95 11-559 9 vU; VSDlVkby 543-16 447-3910 10 phuh 326-94 258-8311 11 pk; 0-00 2-3212 12 [kk| çlaLdj.k 459-04 149-5013 13 ouLifr rsy ,oa ouLifr 374-01 524-0114 14 rackdw ,oa rackdw mRikn 6-03 5-4815 15 dkx+t+ ,oa dkx+t+ mRikn 73-64 59-1616 16 jcM+ vkSj jcM+ mRikn 38-56 56-2817 17 dSfedy MkbZ isaV~l vkfn 1747-91 895-48

17-1 ftuesa ls moZjd 868-26 187-70 0-0017-2 ftuesa ls iSVªksdSfedYl 300-64 176-24 0-0017-3 ftuesa ls MªXl vkSj

iQkeZslh lEcU/h 247-11 236-22 0-0018 18 lhesaV 1001-52 126-8919 19 peM+k ,oa peM+k mRikn 368-31 31-5120 20 jRu vkSj vkHkw"k.k 240-24 14-3721 21 fuekZ.k 301-67 649-0822 22 iSVªksfy;e 122-52 1149-8623 23 Vªdksa lfgr

vkVkseksckby 282-34 203-7024 24 daI;wVj lkWÝ+Vos;j 1-03 17-6025 25 bUçQkLVªDpj 7935-34 3939-94

25-1 buesa ls ikWoj 1360-29 1107-12 0-0025-2 buesa ls

nwjlapkj 3459-39 281-80 0-0025-3 buesa ls lM+dsa vkSj canjxkg 999-27 1213-90 0-00

26 26 ,uch,iQlh 868-35 24-4127 27 VªsfMax 3628-55 1931-8128 28 vU; m|ksx 4262-36 1942-90

tksM+ 34419-96 21465-66

29 29 vof'k"V vU; vfxze 7821-15 9150-35

dqy tksM+ 42241-11 30616-01

m|ksx tgka x+Sj fuf/d cdk;k ldyx+Sj fuf/d cdk;k ds 5% ls vf/d gS 0-00

1 3 yksgk vkSj bLikr 6662-52 5675-192 27 VsªfMax 3628-553 5 lHkh bathfu;fjax 3226-49 2677-79

4-6 vkfLr;ksa dk vof'k"V lafonkxr ifjiDork czsd&Mkmu fuEuor~ gS %(#i;s djksM+ esa)

ifjiDork dh vof/ vfxze* fuos'k fons'kh(ldy) eqæk

vkfLr;ka*

vkxkeh fnu 3770.72 30.00 129.77

(1156.11) (0.00) (242.80)

2 fnu & 7 fnu 3885.62 1048.20 683.76

(2771.30) (252.36) (85.15)

8 & 14 fnu 3561.19 19.54 148.65

(4405.91) (110.69) (100.58)

tkjh---@Contd.

PNB 54-67.pmd 6/24/2009, 6:00 PM63

64

15 - 28 days 5356.90 888.69 764.82

(3198.21) (783.81) (216.96)

29 days - 3 months 9196.65 2037.16 1427.33

(6761.40) (1227.04) (814.73)

> 3 months - 6 months 9100.17 2252.52 2459.33

(5899.85) (1648.69) (1242.07)

> 6 months - 1 yr 19826.42 2450.11 1064.97

(11310.24) (2720.24) (230.13)

> 1 yr - 3 yrs 64585.98 7119.31 884.92

(54597.30) (8686.87) (350.17)

> 3 yrs - 5 yrs 18754.76 11273.97 727.19

(13889.11) (8819.48) (360.51)

> 5 yrs 16664.58 36641.15 245.70

(15512.14) (30662.73) (336.96)

Total 154702.99 63760.65 8536.44

(119501.57) (54911.91) (3980.06)

*Figures are shown on net basis (Figures in brackets relate to previous year)

4.7 The gross NPAs are:

(Rs. in Crores)

Category 31.03.2009 31.03.2008

Sub Standard 1048.24 1377.37

Doubtful – 1 406.36 709.63

Doubtful – 2 588.94 372.85

Doubtful – 3 168.16 390.92

Loss 555.76 468.53

Total NPAs (Gross) 2767.46 3319.30

4.8. The amount of net NPAs is:

(Rs. in Crores)

Particulars 31.03.2009 31.03.2008

Net NPA 263.85 753.78

4.9 The NPA ratios are as under: (Rs. in Crores)

NPA Rarios 31.03.2009 31.03.2008

% of Gross NPAs to Gross Advances 1.77% 2.74%

% of Net NPAs to Net Advances 0.17% 0.64%

4.10 The movement of gross NPAs is as under:

(Rs. in Crores)

Movement of grosss NPAs 31.03.2009 31.03.2008

i) Opening Balance at the

beginning of the year 3319.30 3390.72

ii) Addition during the year 1731.13 1953.19

iii) Reduction during the year 2282.97 2024.61

iv) Closing Balance as at the

end of the year (i + ii - iii) 2767.46 3319.30

4.11 The movement of provision for NPAs is as under:

(Rs in Crores)

Movement of provision for NPAs 31.03.2009 31.03.2008

i) Opening Balance at the


ii) Provisions made

during the year 1016.40 1026.36

15 ls 28 fnu 5356.90 888.69 764.82

(3198.21) (783.81) (216.96)

29 fnu ls 3 ekg 9196.65 2037.16 1427.33

(6761.40) (1227.04) (814.73)

3 ekg ls vf/d rFkk 6 ekg rd 9100.17 2252.52 2459.33

(5899.85) (1648.69) (1242.07)

6 ekg ls vf/d rFkk 1 o"kZ rd 19826.42 2450.11 1064.97

(11310.24) (2720.24) (230.13)

1 o"kZ ls vf/d rFkk 3 o"kZ rd 64585.98 7119.31 884.92

(54597.30) (8686.87) (350.17)

3 o"kZ ls vf/d rFkk 5 o"kZ rd 18754.76 11273.97 727.19

(13889.11) (8819.48) (360.51)

5 o"kZ ls vf/d 16664.58 36641.15 245.70

(15512.14) (30662.73) (336.96)

tksM+ 154702.99 63760.65 8536.44

(119501.57) (54911.91) (3980.06)

* vk¡dM+s fuoy vk/kj ij n'kkZ, x, gSaA (dks"Bdksa esa fn, x, vk¡dM+s fiNys o"kZ ds gSa)

4-7 ldy ,uih, bl çdkj gSa %(#i;s djksM+ esa)

Js.kh 31.03.2009 31.03.2008

voekud 1048.24 1377.37

lafnX/ & 1 406.36 709.63

lafnX/ & 2 588.94 372.85

lafnX/ & 3 168.16 390.92

gkfu 555.76 468.53

dqy ,uih, (ldy) 2767.46 3319.30

4-8 'kq¼ ,uih, dh jkf'k fuEufyf[kr gS %(#i;s djksM+ esa)

fooj.k 31.03.2009 31.03.2008

'kq¼ ,u ih , 263.85 753.78

4-9 ,uih, ds vuqikr fuEu çdkj gSa %& (#i;s djksM+ esa)

,u ih , vuqikr 31.03.2009 31.03.2008

ldy vfxzeksa dh rqyuk esa ldy ,uih, % 1.77% 2.74%

'kq¼ vfxzeksa dh rqyuk esa 'kq¼ ,uih, % 0.17% 0.64%

4-10 ldy ,uih, dk ?kVc<+ fuEu çdkj gS %(#i;s djksM+ esa)

ldy ,u ih , dk ?kVc<+ 31.03.2009 31.03.2008

i) o"kZ ds çkjEHk esavFk 'ks"k 3319.30 3390.72

ii) o"kZ ds nkSjku o`f¼ 1731.13 1953.19

iii) o"kZ ds nkSjku deh 2282.97 2024.61

iv) o"kZ ds var esabfr'ks"k (i + ii - iii) 2767.46 3319.30

4-11 ,uih, ds fy, çko/ku dk ?kVc<+ fuEu çdkj gS %(#i;s djksM+ esa)

,u ih , ds fy, çko/ku dk ?kVc<+ 31-03-2009 31-03-2008

i) o"kZ ds çkjEHk esavFk 'ks"k 2212-55 2280-14

ii) o"kZ ds nkSjkufd, x, çko/ku 1016-40 1026-36

iwoZ i`"B ls@from previous page

tkjh---@Contd.

PNB 54-67.pmd 6/24/2009, 6:00 PM64

65

iii) Write-off made

during the year 466.05 620.85

iv) Write –back of excess

provisions made during

the year 547.49 473.10

v) Closing Balance as at the

end of the year (i + ii - iii - iv) 2215.41 2212.55

4.12 The amount of non-performing investment is:

(Rs. in crores)

Particulars 31.03.2009 31.03.2008

Amount of non-performing

investment 115.53 113.02

4.13 The amount of provisions held for non-performing

investment is:

(Rs. in crores)

Particulars 31.03.2009 31.03.2008

Amount of provision held for

non-performing investment 115.53 113.02

4.14 The movement of provisions for depreciation on investments

is as under:

(Rs in Crores)

Movement of provisions for

depreciation on investments 31.03.2009 31.03.2008

i) Opening balance at the


ii) Provisions made during the year 0.00 46.06

iii) Write-off made during the year 0.00 0.00

iv) Write-back of excess provisions

made during the year 544.73 450.82

v) Closing balance as at the end

of the year (i + ii - iii - iv) 375.47 920.20

5. Credit Risk: disclosure for portfolios subject to the

standardised approach

5.1 Bank has approved the following 4 domestic credit rating

agencies accredited by RBI for mapping its exposure with

domestic borrowers under standardized approach of credit

risk

- CRISIL

- CARE

- FITCH India

- ICRA

Bank has also approved the following 3 international credit

rating agencies accredited by RBI

- Standard & Poor

- Moody’s

- FITCH

No agency has been added/deleted by the Bank during the

year.

5.2 The ratings available in public domain are mapped according

to mapping process, as envisaged in RBI guidelines on the

subject.

iii) o"kZ ds nkSjkucV~Vs [kkrs Mkys x, 466-05 620-85

iv) o"kZ ds nkSjku fd, x,vfrfjDr çko/uksa dhçfrys[ku O;oLFkk 547-49 473-10

v) o"kZ ds var esabfr'ks"k (i + ii - iii - iv) 2215-41 2212-55

4-12 x+Sj fu"iknd fuos'k dh jkf'k fuEufyf[kr gS %&(#i;s djksM+ esa)

fooj.k 31-03-2009 31-03-2008

x+Sj fu"iknd fuos'kdh jkf'k 115-53 113-02

4-13 xSj fu"iknd fuos'k ds çko/ku gsrq j[kh x;h jkf'k fuEufyf[krgS %&

(#i;s djksM+ esa)

fooj.k 31-03-2009 31-03-2008

x+Sj fu"iknd fuos'kds çko/ku dh jkf'k 115-53 113-02

4-14 fuos'k ij gzkl ds fy;s çko/kuksa ds ?kVc<+ dh fLFkfr blçdkj gS %

(#i;s djksM+ esa)

fuos'k ij gzkl ds fy;sçko/kuksa ds ?kVc<+ dh fLFkfr 31-03-2009 31-03-2008

i) o"kZ ds çkjEHk esavFk 'ks"k 920-20 1324-96

ii) o"kZ ds nkSjku fd, x, çko/ku 0-00 46-06iii) o"kZ ds nkSjku cV~Vs [kkrs Mkys x, 0-00 0-00iv) o"kZ ds nkSjku fd, x, vfrfjDr

çko/kuksa dk çfrys[ku djuk 544-73 450-82v) o"kZ ds var esa

bfr'ks"k (i + ii - iii - iv) 375-47 920-20

5- ½.k tksf[ke % ekud n`f"Vdks.k ds vè;/hu iksVZi+Qksfy;ks dsfy;s çdVhdj.k

5-1 cSad us Hkkjrh; fjt+oZ cSad }kjk fuEufyf[kr p;fur ?kjsyw ØsfMV jsfVax,tsafl;ksa dks vuqeksfnr fd;k gS rkfd ½.k tksf[ke ds ekud nf"Vdks.kds vUrxZr ?kjsyw ½f.k;ksa ds çfr cSad ds tksf[ke dks ekik tk lds %- fØfly- ds;j- fi+Qp bafM;k- bØk

cSad us Hkkjrh; fjt+oZ cSad }kjk p;fur bUVjuS'kuy ØsfMV jsfVax,tsafl;ksa esa ls fuEufyf[kr 3 ,tsafl;ksa dks Hkh vuqeksfnr fd;k gS %- LVS.MMZ ,aM iqvj- ewMht+- fiQp

cSad us o"kZ ds nkSjku u rks dksbZ ubZ ,tsalh bl lwph esa tksM+h gS vkSju gh buesa ls dksbZ ,tsalh dkVh x;h gSA

5-2 eSfiax çfØ;k ds vuqlkj ifCyd Mksesu ij miyC/ jsfVax dks bl laca/esa Hkkjrh; fjt+oZ cSad ds ekxZfunZs'kksa ds vuqlkj ntkZ fn;k tkrk gSA


PNB 54-67.pmd 6/24/2009, 6:00 PM65

66

5.3 The exposure amounts after risk mitigation (subject to the

standardised approach) in different risk buckets are as under:

(Rs in Crores)

Particulars 31.03.2009 31.03.2008

i) Below 100% risk weight

exposure outstanding 103757.71 78576.94

ii) 100% risk weight exposure

outstanding 86034.18 70392.29

iii) More than 100% risk weight

exposure outstanding 7584.87 12583.01

iv) Deducted NIL 5006.33

6 Credit Risk Mitigation: disclosures for standardised approaches

6.1 A comprehensive policy on collateral management and

credit risk mitigation is in place duly approved by the Board.

6.2 The collaterals used by the Bank as the risk mitigant (for

capital calculation under standardized approach) comprise

of the financial collaterals (i.e. bank deposits, govt./postal

securities, life policies, gold jewellery, units of mutual funds

etc.). A detailed process of calculation of correct valuation

and application of haircut thereon has been put in place

by developing a suitable software system.

6.3 Guarantees which are direct, explicit, irrevocable and

unconditional, are taken into consideration by Bank for

calculating capital requirement. Use of such guarantees

for capital calculation purposes is strictly as per RBI

guidelines on the subject.

6.4 Majority of financial collaterals held by the Bank are by

way of own deposits and government securities, which do

not have any issue in realization. As such, thee is no risk

concentration on account of nature of collaterals.

6.5 The total exposure for disclosed credit risk portfolio (under

the standardized approach) is covered by:

(Rs. in crores)

31.03.2009 31.03.2008

Eligible financial collateral after

the application of haircuts. 10756.62 5006.33

7. Securitisation: disclosure for standardized approach

Bank does not have any securitisation exposure.

8. Market Risk in Trading Book

8.1 Bank has adopted the Standardised Duration Approach as

prescribed by RBI for computation of capital charge for

market risk and is already fully compliant with such RBI

guidelines. Bank is now preparing itself for the Advanced

Approach based on a Value at Risk (VaR) model, which is

under implementation.

8.2 The capital requirements for market risk are as under:

(Rs. in crores)

Risk Category 31.03.2009 31.03.2008

i) Interest Rate Risk 353.25 438.41

ii) Equity Position Risk 279.33 166.38

iii) Foreign Exchange Risk (including Gold ) 9.00 9.00

iv) Total capital charge for market risks under

Standardised duration approach (i+ii+iii) 641.58 613.79

5-3 fofHkUu tksf[ke oxks± esa (ekud n`f"Vdks.k ds vè;/hu) tksf[keçcU/u ds mijkUr fLFkr ½.k jkf'k fuEuor~ gS %

(#i;s djksM+ esa)

fooj.k 31-03-2009 31-03-2008

i) 100% ls de tksf[keHkkj cdk;k 103757-71 78576-94

ii) 100% tksf[ke Hkkj cdk;k 86034-18 70392-29iii) 100% ls T+;knk tksf[ke

Hkkj cdk;k 7584-87 12583-01iv) dVkSrh 'kwU; 5006-33

6- ½.k tksf[ke fefVxs'ku % ekudhÑr nf"Vdks.k ds fy, çdVhdj.k

6-1 laikf'Zod çfrHkwfr;ksa ds çcU/u vkSj ½.k tksf[ke dks de djus dsfy, cksMZ }kjk ,d O;kid uhfr vuqeksfnr dh xbZ gSA

6-2 cSad }kjk lkekU; rkSj ls tksf[ke fefVxs'ku gsrq (ekud n`f"Vdks.k dsvUrxZr iw¡th dh x.kuk ds fy,) ç;qDr fd, tkus okys laikf'Zodksaesa foÙkh; laikf'Zod (vFkkZr~ cSad tek jkf'k;k¡] ljdkjh@iksLVy çfrHkwfr;k¡]thou chek ikWfyfl;k¡] Lo.kZ t+sojkr] E;wpqvy iQaMksa ds ;wfuV bR;kfn)fofHkUu Jsf.k;ksa dh py ,oa vpy ifjlEifÙk;k¡@Hkwfe laifÙk;k¡ bR;kfngSaA mi;qDr lkWÝ+Vos;j ç.kkyh rS;kj djds mu laikf'Zod çfrHkwfr;ksads lgh ewY;kadu dh x.kuk ds fy, ,d foLr`r çfØ;k cukbZ xbZ gSA

6-3 iw¡th lEcU/h vko';drkvksa dh x.kuk ds fy, cSad ,slh xkjafV;k¡ysrk gS tks çR;{k] Li"V] vçfrns; vkSj 'krZjfgr gksaA iw¡th dh x.kukds fy, ,slh xkjafV;ksa dk mi;ksx bl laca/ esa iwjh rjg ls Hkkjrh;fjtoZ cSad ds ekxZfunZs'kksa ds vuqlkj fd;k tkrk gSA

6-4 cSad }kjk yh xbZ vf/dka'k foÙkh; laikf'Zod çfrHkwfr;k¡ ;k rks cSaddh viuh tek jkf'k;ka gksrh gSa vFkok ljdkjh çfrHkwfr;k¡ ftudholwyh esa dksbZ leL;k ugha gksrhA bl çdkj laikf'Zod çfrHkwfr;ksa dhfdLe ds dkj.k dksbZ tksf[ke ugha gksrkA

6-5 çdV ½.k tksf[ke iksVZiQksfy;ks ds fy, (ekud nf"Vdks.k ds vUrxZr)dqy ifjlhek dVkSrh (ik=k forh; laikf'Zod) ds mijkUr fuEufyf[kr gS %

(#i;s djksM+ esa)

31-03-2009 31-03-2008

dVkSrh ds ckn ik=k foÙkh;laikf'Zod jkf'k 10756-62 5006-33

7- çfrHkwfrdj.k % ekud n`f"Vdks.k ds fy, çdVhdj.kcSad dk dksbZ çfrHkwfrdj.k çdVhdj.k ugha gSA

8- VªsfMax cqd esa cktkj tksf[ke8-1 cktkj tksf[ke ds fy, iw¡th çHkkj dh lax.kuk gsrq Hkkjrh; fjtoZ cSad

}kjk ;Fkk fu/kZfjr ekudhÑr vof/ n`f"Vdks.k dks cSad us vaxhdkjfd;k gS vkSj igys ls gh Hkkjrh; fjtoZ cSad ds ,sls ekxZfunZs'kksa dkiw.kZr% vuqikyu dj jgk gSA vc cSad vfxze n`f"Vdks.k vk/kfjrtksf[ke ewY; (oh , vkj) ekWMy ds fy, Lo;a dks rS;kj dj jgk gS]ftlds dk;kZUo;u dh rS;kjh py jgh gSA

8-2 ckt+kj tksf[ke ds fy, iw¡thxr vis{kk,a fuEukuqlkj gSa %(jkf'k djksM+ #i;s esa)

tksf[ke Js.kh 31-03-2009 31-03-2008

i) C;kt nj tksf[ke 353-25 438-41ii) bfDoVh fLFkfr tksf[ke 279-33 166-38iii) fons'kh fofue; tksf[ke (Lo.kZ lfgr) 9-00 9-00iv) ekudhÑr vof/ n`f"Vdks.k ds vUrxZr ckt+kj

tksf[keksa ds fy, dqy iw¡th çHkkj (i+ii+iii) 641-58 613-79

PNB 54-67.pmd 6/24/2009, 6:00 PM66

67

9. Operational Risk

As per RBI directives, the bank has been maintaining capital

for operational risk under Basic Indicator approach (BIA)

w.e.f. 31.03.2008. The capital requirement as per BIA is Rs.

1165.60 crores as on 31.03.2009.

10. Interest rate risk in the banking book (IRRBB)

10.1 Interest rate risk is managed through gap analysis and

duration gap analysis. Prudential limits have been fixed for

impact on net Interest Income (NII), Net Interest margin

(NIM), Minimum ROA and Minimum Duration gap for the

Bank.

10.2 The tools used are:

10.2.1 Earning Approach – (Interest rate sensitivity Statement-

Net Gaps)

Table 1: Interest rate sensitivity - net gaps (Rs Cr)

Maturity Period Gap Other Net Gap Total Net

(RSA-RSL) Products* (1-2) Assets Gaps as

(Int. rate) % to

Total

Assets

1 2 3 4 5

1-28 days 4941.93 1000.00 3941.93 19418.71 20%

29 days – 3 months 59151.72 -200.00 59351.72 74167.89 80%

>3 to 6 months -76938.37 0.00 -76938.37 8528.35 -902%

>6 to 12 months -24143.18 -50.00 -24093.18 12760.63 -189%

>1 to 3 yrs. 11354.50 -750.00 12104.50 40611.17 30%

>3 to 5 yrs. 14819.56 0.00 14819.56 21015.23 71%

Over 5 yrs. 31645.74 0.00 31645.74 43245.78 73%

* Other products include: FRAs, Swaps, Futures, Options & other derivatives

The repricing assumptions on assets and liabilities are taken as

per RBI guidelines. The sensitive portion of saving fund deposit is

assumed to be repriced in 29 days to 3 months whereas the floating

rate advances are also assumed to be repriced in 29 days to 3

months.

Earning at Risk: Impact of 0.5 % change upward/downward in

interest rate on NII

(Rs. in crores)

Remaining Period Expected Gain on Expected Loss on

NII with change in NII with change in

rate of interest rate of interest

downward at 0.5% upward at 0.5%

Up to 6 months 60.33 60.33

Upto 1 year 3.89 3.89

10.2.2 Economic Value Approach:

The economic value i.e. impact on the capital fund due to

change in interest rate by 200 bps on the economic value

is assessed on regular intervals through duration gap

method. As a prudential measure a limit has been fixed for

net duration gap of the assets and liabilities and the same

is monitored at regular intervals.

9- ifjpkyuxr tksf[ke

Hkkjrh; fjt+oZ cSad ds fn'kk funZs'kkuqlkj cSad ewy ladsrd n`f"Vdks.k(ch vkbZ ,) ds vUrxZr 31-03-2008 ls ifjpkyuxr tksf[ke dsfy, iw¡th dk j[kj[kko dj jgk gSA ch vkbZ , ds vuqlkj 31-03-2009dh fLFkfr vuqlkj iw¡thxr vis{kk #i;s 1165-60 djksM+ gSA

10- cSafdax cgh esa C;kt nj tksf[ke (vkbZ vkj vkj ch ch)

10-1 C;ktnj tksf[ke dk çcU/u vUrj fo'ys"k.k rFkk vof/ vUrjfo'ys"k.k ds ekè;e ls fd;k tkrk gSA fuoy C;kt vk; (,u vkbZvkbZ)] fuoy C;kt ekftZu (,u vkbZ ,e) U;wure vkj vks , rFkkcSad ds fy, U;wure vof/ vUrj ij çHkko ds fy, foosdh lhek,afu/Zfjr dh xb± gSaA

10-2 viuk, tkus okys rjhds fuEuor~ gSa %

10-2-1 vtZu n`f"Vdks.k & (C;kt nj laosnu'khyrk & fuoy vUrj)

rkfydk&1 % C;kt nj laosnu'khyrk & fuoy vUrj (#i;s djksM+ esa)

ifjiDork vof/ vUrj vU; fuoy dqy dqy

(vkj,l, & mRikn* varj vkfLr;k¡ vkfLr;ksa

vkj,l,y) (C;ktnj) (1&2) esa fuoy

varj dk

çfr'kr

1. 2. 3. 4. 5.

1&28 fnu 4941.93 1000.00 3941.93 19418.71 20%

29 fnu & 3 ekg 59151.72 -200.00 59351.72 74167.89 80%

3 ls ls 6 ekg -76938.37 0.00 -76938.37 8528.35 -902%

6 ls ls 12 ekg -24143.18 -50.00 -24093.18 12760.63 -189%

1 ls 3 o"kZ 11354.50 -750.00 12104.50 40611.17 30%

3 ls 5 o"kZ 14819.56 0.00 14819.56 21015.23 71%

5 o"kZ ls vf/d 31645.74 0.00 31645.74 43245.78 73%

* vU; mRiknksa esa lfEefyr gS % ok;nk nj djkj (,i+Qvkj,)] vnyk cnyh (LoSi)] ok;nk

lkSns (Ý;wplZ)] fodYi (vkI'kal) rFkk vU; MsfjosfVOl

vkfLr;ksa vkSj ns;rkvksa ij iquewZY;u ds vuqeku Hkkjrh; fjtoZ cSad dsekxZfunZs'kksa ds vuqlkj fd, tkrs gSaA cpr fuf/ tekjkf'k;ksa ds laosnh Hkkxds laca/ esa ;g eku fy;k tkrk gS fd 29 fnu ls 3 eghus ds Hkhrj mudkiqueZwY;u gks tk,xk tcfd ÝyksfVax nj okys vfxzeksa ds laca/ esa Hkh ;g ekuktkrk gS fd 29 fnu ls 3 eghus ds Hkhrj mudk iquewZY;u gksxkA

tksf[ke;qDr vtZu & ,uvkbZvkbZ ij C;ktnj esa 0-5% mèoZeq[kh@vèkkseq[kh(vioMZ@MkmuoMZ) ifjorZu dk çHkko

(#i;s djksM+ esa)

'ks"k vof/ 0-5% dh nj ls 0-5%dh nj lsv/kseq[kh C;ktnj ds m/oZeq[kh C;ktnj dsifjorZu ds lkFk ifjorZu ds lkFk,uvkbZvkbZ ij ,uvkbZvkbZ ijçR;kf'kr gkfu çR;kf'kr ykHk

6 ekl rd 60-33 60-33

1 o"kZ dh vof/ rd 3-89 3-89

10-2-2 vkfFkZd ewY; n`f"Vdks.k

vkfFkZd ewY; vFkkZr~ vkfFkZd ewY; ij C;kt nj esa 200 chih,l dhC;kt nj esa ifjorZu ds dkj.k iw¡thxr fuf/ ij gksus okys çHkko dkvof/ varj i¼fr ds ekè;e ls fu;fer varjky ij ewY;kadu fd;ktkrk gSA ifjlaifÙk ,oa ns;rkvksa ds 'kq¼ vof/ varj ds fy, lhekdh foosdh 'kSyh fu/Zfjr dh xbZ gS vkSj fu;fer varjky ij blsekWfuVj fd;k tkrk gSA

PNB 54-67.pmd 6/24/2009, 6:00 PM67

68

fuxfer 'kklu dh fjiksVZ1- fuxfer 'kklu dk n'kZu 'kkL=k

cSad fofu;ked vis{kkvksa dk ikyu djus ,oa lHkh Lrjksa ij dk;Zdq'kyrk esa vf/dre c<+ksrjh ds fy, O;olkf;drk] lkekftd izfrlaosnu'khyrk]dkjksckjh i¼fr;ksa vkSj vf/dre izpkyuxr dk;Zdq'kyrk ds ekè;e ls lkoZHkkSfed :i ls Lohdk;Z uSfrd ewY;ksa] ikjnf'kZrk] fuxfer lkekftd nkf;Ro]lkiQxks;h rFkk mÙkjnkf;Ro ds mPp ekudksa dk LoSfPNd :i ls vuqikyu djus ds fy, iz;Ru'khy jgk gSA blls 'ks;j/kjdksa ds fo'okl esa c<+ksrjhgqbZ gS vkSj lkFk gh lHkh 'ks;j/kjdksa ds fgrksa dks lqjf{kr fd;k gSA

2-1 funs'kd e.My

cksMZ dk xBu cSaddkjh dEiuhs (miØeksa dk vtZu vkSj vUrj.k) vfèkfu;e 1970 ds çko/kuksa ds vuqlkj fd;k x;k gSA

2-2 31-3-2009 ds vuqlkj funs'kd e.My dh lajpuk

Ø- funs'kd dk uke fu;qfDr Js.kh cksMZ dh milfefr;ksa cSad ds cksMZ dh ,lhch ,oa vU;la- frfFk esa lnL;rk dh milfefr;ksa dh dEifu;ksa esa 'ks;j

la[;k vè;{krk /kjdksa@fuos'kdksa dhf'kdk;r lfefr dhvè;{krk@lnL;rk

1 Mk- ds- lh- pØcrhZ 4-6-2007 dk;Zikyd 6 6 'kwU;vè;{k ,oa çcU/ funs'kd

2 Jh ,e-oh- Vk¡dlkys 26-03-2009 dk;Zikyd 12 4 'kwU;dk;Zdkjh funs'kd

3 Jh ukxs'k iSM+k 26-03-2009 dk;Zikyd 12 'kwU; 'kwU;dk;Zdkjh funs'kd

4 lqJh jouhr dkSj 10-06-2008 xSj dk;Zikyd (Hkkjr ljdkj ds ukferh) 8 'kwU; 'kwU;5 Jh ,y ,e i+Qkasfldk 27-02-2007 xSj dk;Zikyd (Hkkjrh; fjtoZ cSad ds ukferh) 9 'kwU; 'kwU;6 Jh ,l vkj [kqjkuk 02-01-2007 xSj dk;Zikyd (ljdkj }kjk fu;qDr lunh ys[kkdkj)7 4 'kwU;7 Jh ih- ds- uk;j* 20-2-2004 xSj dk;Zikyd (vf/dkjh funs'kd) 4 'kwU; 'kwU;8 Jh ,e- ,y- cXxk 01-9-2004 xSj dk;Zikyd (deZpkjh funs'kd) 4 'kwU; 'kwU;9 Jh eq'rkd ,- vUrqys 27-02-2008 xSj dk;Zikyd (Hkkjr ljdkj ds ukferh) 3 'kwU; 'kwU;10 Jh xksre ih- [k.Msyoky 27-02-2008 xSj dk;Zikyd (Hkkjr ljdkj }kjk fu;qDr) 3 'kwU; 'kwU;11 Jh oh-ds- feJk 05-12-2008 xSj dk;Zikyd (Hkkjr ljdkj }kjk fu;qDr) 4 'kwU; 'kwU;12 Jh Vh-,u- prqoZsnh 27-12-2008 xSj dk;Zikyd ('ks;j/kjd funs'kd) 3 'kwU; 413 Jh Mh-ds- flaxyk 27-12-2008 xSj dk;Zikyd ('ks;j/kjd funs'kd) 3 'kwU; 'kwU;14 Jh th-vkj- lqUnjoMhosy 27-12-2008 xSj dk;Zikyd ('ks;j/kjd funs'kd) 4 'kwU; 'kwU;

*01-04-2009 ls funs'kd ugha gSaA@fdlh Hkh funs'kd dk vkil esa laca/ ugha gS A

2-3 o"kZ 2008&09 esa vk;ksftr funs'kd e.My dh cSBdksa dk C;kSjk

Øe la- cSBd dh frfFk cksMZ esa funs'kdksa dh la[;k cSBd esa mifLFkr funs'kdksa dh la[;k

1. 23.04.2008 12 12

2. 15.05.2008 12 12

3. 21/22.05.2008 12 11

4. 18.06.2008 12 10

5. 15.07.2008 12 10

6. 30.07.2008 12 10

7. 04.08.2008 12 09

8. 27.08.2008 12 09

9. 11.09.2008 12 11

10. 06.10.2008 11 10

11. 31.10.2008 11 10

12. 26/27.11.2008 10 08

13. 16.12.2008 09 08

14. 26.12.2008 09 07

15. 14.01.2009 12 11

16. 30.01.2009 12 12

17. 18.02.2009 12 11

18. 17.03.2009 12 12

PNB 68-89.pmd 6/24/2009, 6:14 PM68

69

1. Corporate Governance Philosophy

The Bank is consistent in complying with the regulatory requirements and voluntarily adhering to high standards of universally

acceptable ethical values, transparency, corporate social responsibility, fairness and accountability for maximizing the performance at

all levels through professionalism, social responsiveness, business practices and maximisation of operational efficiency. This in turn

has enhanced the confidence of shareholders and at the same time protects the interest of all the stakeholders.

2.1 Board of Directors

The Board is constituted in accordance with the provisions of Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.

2.2 Composition of the Board of Directors as on 31.3.2009

S. Name of Director@ Date Category Membership Chairmanship Chairmanship/

No. Appointment of Sub of Sub membership of ACB

Committees Committees and Shareholders'/

of Board of of Board of Investors' Grievance

the Bank the Bank Committee in other

Companies

1. Dr. K.C. Chakrabarty 04.06.2007 Executive 6 6 Nil

Chairman & Managing Director

2. Sh. M. V. Tanksale 26.03.2009 Executive 12 4 Nil

Executive Director

3. Sh. Nagesh Pydah 26.03.2009 Executive 12 Nil Nil

Executive Director

4. Ms. Ravneet Kaur 10.06.2008 Non-Executive (GoI Nominee) 8 Nil Nil

5. Sh. L.M. Fonseca 27.02.2007 Non-Executive (RBI Nominee) 9 Nil Nil

6. Sh. S.R. Khurana 02.01.2007 Non-Executive (GoI appointed

Chartered Accountant) 7 4 Nil

7. Sh. P.K. Nayar* 20.02.2004 Non-Executive (Officer Director) 4 Nil Nil

8. Sh. M.L.Bagga 01.09.2004 Non–Executive (Workman Director) 4 Nil Nil

9. Sh. Mushtaq A. Antulay 27.02.2008 Non-Executive (Appointed by GoI) 3 Nil Nil

10. Sh. Gautam P. Khandelwal 27.02.2008 Non-Executive (Appointed by GoI) 3 Nil Nil

11. Sh. V.K. Mishra 05.12.2008 Non-Executive (Appointed by GoI) 4 Nil Nil

12. Sh. T.N. Chaturvedi 27.12.2008 Non- Executive (Shareholder Director) 3 Nil 4

13. Sh. D.K. Singla 27.12.2008 Non- Executive (Shareholder Director) 3 Nil Nil

14. Sh. G.R. Sundaravadivel 27.12.2008 Non- Executive (Shareholder Director) 4 Nil Nil

* ceased to be Director w.e.f. 01.04.2009

@ None of the Directors is related inter-se.

2.3 Details of Board Meetings held during the Financial Year 2008-09

S. No. Date of the Meeting Total No. of Directors on the Board No. of Directors Present in the meeting

1. 23.04.2008 12 12

2. 15.05.2008 12 12

3. 21/22.05.2008 12 11

4. 18.06.2008 12 10

5. 15.07.2008 12 10

6. 30.07.2008 12 10

7. 04.08.2008 12 09

8. 27.08.2008 12 09

9. 11.09.2008 12 11

10. 06.10.2008 11 10

11. 31.10.2008 11 10

12. 26/27.11.2008 10 08

13. 16.12.2008 09 08

14. 26.12.2008 09 07

15. 14.01.2009 12 11

16. 30.01.2009 12 12

17. 18.02.2009 12 11

18. 17.03.2009 12 12

Report on Corporate Governance

PNB 68-89.pmd 6/24/2009, 6:14 PM69

70

2.4 Details of Board meetings & last AGM attended by

member-Directors during the Financial Year 2008-09

S. Name of No. of No. of Attendance

No. Director Meetings Meetings in last

held during attended AGM

the tenure (04.08.2008)

1. Dr. K. C. Chakrabarty, CMD 18 18 Yes

2. Sh. K. Raghuraman, ED* 9 8 Yes

3. Sh. J. M. Garg, ED** 11 11 Yes

4. Sh. M. V. Tanksale, ED Nil Nil N. A.

5. Sh. Nagesh Pydah Nil Nil N. A.

6. Sh. Rakesh Singh*** 3 2 N. A.

7. Ms. Ravneet Kaur 15 8 No

8. Sh. L.M. Fonseca 18 17 Yes

9. Sh. S.R. Khurana 18 18 Yes

10. Sh. P.K. Nayar # 18 17 Yes

11. Sh. M.L.Bagga 18 17 No

12. Dr. Harsh Mahajan $ 12 9 No

13. Sh. Prakash Agarwal $ 12 12 Yes

14. Sh. Mushtaq A Antulay 18 16 Yes

15. Sh. Gautam. P. Khandelwal 18 12 No

16. Sh. V. K. Mishra 6 6 N.A.

17. Sh. T. N. Chaturvedi 4 4 N.A.

18. Sh. D. K. Singla 4 4 N.A.

19. Sh. G. R. Sundaravadivel 4 4 N.A.

* Demitted office on 30.09.2008.

** Elevated as CMD of Corp. Bank on 06.11.2008.

*** Ceased to be Director w.e.f. 10.06.2008.

# Ceased to be Director w.e.f. 01.04.2009.

$ Ceased to be Director w.e.f. 13.12.2008.

2.5 Profile of Directors appointed during the year

2008-09.

Sh. M. V. Tanksale

The Government of India appointed Sh. M. V. Tanksale as Executive

Director of the Bank on 26.03.2009 till 31.07.2013 or until further

orders whichever is earlier. He is B.Sc., M.A., AICWA, CS (Inter),

CAIIB. He has more than 34 years of experience in banking in the

field of Credit Monitoring, Planning, Research & Development, Third

Party Products and International Banking etc.

Sh. Nagesh Pydah

The Government of India appointed Sh. Nagesh Pydah as Executive

Director of the Bank on 26.03.2009 till 29.02.2012 or until further

orders, whichever is earlier. He is B. Com., CAIIB & Certificate in

Money Market and FX NYU. He has 36 years of experience in

Banking in the field of Corporate Banking, Foreign Exchange,

Planning, MIS and Card Products etc.

Ms. Ravneet Kaur

The Government of India appointed Ms. Ravneet Kaur, Joint

Secretary, Ministry of Finance, Department of Financial Services,

as GoI Nominee Director of the Bank on 10.06.2008 until further

orders. She is M. Sc. (Public Economic Management) & M.A.

(Economics). She has experience in Indian Administrative Service

for over two decades.

2-4 o"kZ 2008&09 ds nkSjku cksMZ dh cSBdksa rFkk xr okf"kZd vkecSBd esa funs'kdksa dh mifLFkfr ds C;kSjs

Ø- funs'kd dk uke o"kZ ds nkSjku ftruh fiNyh vkela- vk;ksftr cSBdksa esa okf"kZd cSBd

cSBdksa dh mifLFkr gq, esa mifLFkfrla[;k (04.08.2008)

1- Mk- ds- lh- pØcrhZ 18 18 gkavè;{k ,oa çcU/ funs'kd

2- Jh ds j?kqjkeu dk;Zdkjh funs'kd* 9 8 gka3- Jh ts- ,e- xxZ dk;Zdkjh funs'kd**11 11 gka4- Jh ,e- oh- Vk¡dlkys

dk;Zdkjh funs'kd 'kwU; 'kwU; ykxw ugha5- Jh ukxs'k iSM+k] dk;Zdkjh funs'kd 'kwU; 'kwU; ykxw ugha6- Jh jkds'k flag*** 3 2 ykxw ugha7- lqJh jouhr dkSj 15 8 ugha8- Jh ,y- ,e- i+Qksafldk 18 17 gka9- Jh ,l- vkj- [kqjkuk 18 18 gka10- Jh ih- ds- uk;j# 18 17 gka11- Jh ,e- ,y- cXxk 18 17 ugha12- Mk- g"kZ egktu $ 12 9 ugha13- Jh çdk'k vxzoky $ 12 12 gka14- Jh eq'rkd ,- vUrqys 18 16 gka15- Jh xksre ih- [k.Msyoky 18 12 ugha16- Jh oh- ds- feJk 6 6 ykxw ugha17 Jh Vh- ,u- prqoZsnh 4 4 ykxw ugha18- Jh Mh- ds- flaxyk 4 4 ykxw ugha19- Jh th- vkj- lqUnjoMhosy 4 4 ykxw ugha

* 30-09-2008 dks in R;kx fd;k A** 06-11-2008 dks dkikZsjs'ku cSad ds vè;{k ,oa çca/ funs'kd ds #i esa inksUur gq,A***10-06-2008 ls funs'kd ugha gSa A# 01-04-2009 ls funs'kd ugha gSa A$ 13-12-2008 ls funs'kd ugha gSa A

2-5 o"kZ 2008&09 ds nkSjku fu;qDr funs'kdksa dk çksiQkby

Jh ,e- oh- Vk¡dlkys

Hkkjr ljdkj us 26-03-2009 ls 31-07-2013 rd vFkok vkxkeh vkns'kksard tks Hkh igys gks] rd ds fy, Jh ,e- oh- VSadlkys dh rSukrh cSad dsdk;Zdkjh funs'kd ds in ij dh gS A vki ch,llh] ,e-,-] ,vkbZlhMCy;w,]lh,l (baVj)] lh,vkbZvkbZch gSaA vkidks cSafdaax esa ØsfMV ekWfufVfjax];kstuk] vuqla/ku ,oa fodkl] r`rh; ikVhZ mRikn ,oa vUrjkZVªh; cSafdaxbR;kfn ds {ks=k esa 34 o"kkZsa dk vuqHko gSA

Jh ukxs'k iSM+kHkkjr ljdkj us 26-03-2009 ls 29-12-2012 rd vFkok vkxkeh vkns'kksard tks Hkh igys gks] rd ds fy, Jh ukxs'k iSM+k dh rSukrh cSad dsdk;Zdkjh funs'kd ds in ij dh gSA vki ch-dke-] lh,vkbZvkbZch ,oa euhekfdZV ,oa ,iQ,Dl ,uokbZ;w esa çek.k i=k çkIr gSaA vkidks dkikZsjsV cSafdax]fons'kh fofue;] ;kstuk] ,evkbZ,l ,oa dkMZ mRiknksa bR;kfn ds {ks=k esa 36o"kks± dk vuqHko çkIr gSA

lqJh jouhr dkSjHkkjr ljdkj us 10-06-2008 dks lqJh jouhr dkSj] la;qDr lfpo] foÙkea=kky;] foÙkh; lsok,a foHkkx dh fu;qfDr vkxkeh vkns'kksa rd Hkkjr ljdkjds ukferh funs'kd ds in ij dh gS A vki ,e-,l-lh (ifCyd bdksukfedeSustesaV) ,oa ,e-,- (bdksukfedl) gSa A vkidks Hkkjrh; ç'kklfud lsokesa nks n'kdksa ls vf/d dk vuqHko çkIr gS A

PNB 68-89.pmd 6/24/2009, 6:14 PM70

71

Sh. V. K. Mishra

The Government of India appointed Sh. V. K. Mishra as Director of

the Bank on 05.12.2008 for three years or until further orders,

whichever is earlier. Sh. V. K. Mishra, aged 51 years, is a Graduate

and has experience in business, agriculture and social services. He

is President of Navjeevan Sewa Sansthan.

Sh. T. N. Chaturvedi

Sh. T.N. Chaturvedi, aged 50 years is FCA. Sh. Chaturvedi has

experience of auditing large PSUs, Banks and Corporates, Advisor

to Large Corporate and Government Agencies and infrastructure

financing and is member of PHD and ASSOCHAM. He was elected

Shareholder Director and assumed office on 27.12.08 for a period

of three years i.e. upto 26.12.2011.

Sh. D. K. Singla

Sh. D.K. Singla, aged 43 years is B. Com. & FCA. Sh. Singla is a

practicing Chartered Accountant. He has experience of handling

Accounts, Audit, Income Tax, Service Tax and other related matters

of Government Corporations & Undertakings, PSBs, MNCs etc. He

was elected Shareholder Director and assumed office on 27.12.08

for a period of three years i.e. upto 26.12.2011.

Sh. G. R. Sundravadivel

Sh. G. R. Sundravadivel, aged 67 years is M. Com., BGL & CAIIB.

Sh. Sundaravadivel has over 37 years of experience in Nationalized

Bank. He was Executive Director of United Bank of India for nearly

4½ years. He was elected Shareholder Director and assumed office

on 27.12.08 for a period of three years i.e. upto 26.12.2011.

Committees of the Board

The main Committees of the Board are as under:-

3.1 Audit Committee of the Board (ACB)

The Audit Committee of the Board (ACB) has been constituted

by the Bank as per the guidelines of Reserve Bank of India /

Government of India.

Functions:

• Providing direction and overseeing the total audit function

of the Bank and follow up on the statutory/external audit of

the Bank and inspections of RBI.

• To interact with Central Statutory Auditors before approval

of quarterly/half yearly/nine monthly/annual Financial

Statements and Reports and also follow up on all the issues

raised in the Long Form Audit Report.

• To review the internal inspection/Audit functions of the

Bank– the systems, its quality and effectiveness in terms

of follow up.

• Review of inspection reports of Specialised and Extra

Large Branches and all the branches with unsatisfactory

ratings.

• To act as per provisions of the Listing Agreement and in line

with the RBI guidelines.

The Company Secretary acts as Secretary to the Committee.

Jh oh- ds- feJk

Hkkjr ljdkj us 05-12-2008 ls rhu o"kkZs± rd vFkok vkxkeh vkns'kksa rdtks Hkh igys gks] rd ds fy, Jh oh- ds- feJk dks cSad dk funs'kd fu;qDrfd;k gSA Jh oh- ds- feJk dh vk;q 51 o"kZ gS o vki Lukrd gSa rFkk vkidksdkjksckj] Ñf"k ,oa lekt lsok dk vuqHko gS A vki uothou lsok laLFkkuds vè;{k gSaA

Jh Vh- ,u- prqoZsnh

Jh Vh- ,u- prqoZsnh dh vk;q 50 o"kZ gS rFkk vki ,iQlh, gSaA Jh prqoZsnhdks cMs+ lkoZtfud {ks=k ds miØeksa] cSadksa ,oa dkikZsjsV dh ys[kk ijh{kk djus]cMs+ dkikZsjsV ,oa ljdkjh ,tsafl;ksa ds lykgdkj ds #i esa dk;Z djus olajpukRed foÙk ds {ks=k esa vuqHko çkIr gS vkSj ih,pMh ,oa ,,l,lvkslh,p,,e ds lnL; gSaA vki 'ks;j/kjd funs'kd pqus x, rFkk vkius 27-12-2008dks rhu o"kZ ds fy, vFkkZr 26-12-2011 rd ds fy, dk;ZHkkj laHkkykA

Jh Mh- ds- flaxyk

Jh Mh- ds- flaxyk dh vk;q 43 o"kZ gS o vkius ch-dke fd;k gS rFkk,iQlh, gSaA Jh flaxyk lUunh ys[kkdkj ds #i esa dk;Z dj jgs gSaA vkidksys[kk] ys[kk ijh{kk] vk;dj] lsok dj ,oa ljdkjh dkjiksjs'kuksa ,oa miØeksa]ih,lch] ,e,ulh bR;kfn ls lacaf/r vU; {ks=kksa esa dk;Z djus dk vuqHkoçkIr gSA vki 'ks;j/kjd funs'kd pqus x, rFkk vkius 27-12-2008 dks rhuo"kZ ds fy, vFkkZr 26-12-2011 rd ds fy, dk;ZHkkj laHkkykA

Jh th- vkj- lqUnjoMhosy

Jh th- vkj- lqUnjoMhosy dh vk;q 67 o"kZ gS o vkius ch-dke] chth,y ,oalh,vkbZvkbZch fd;k gSA Jh lqUnjoMhosy dks jk"Vªh;Ñr cSad esa 37 o"kkZsa dkdk;Z vuqHko gSA vki yxHkx lk<s+ 4 o"kkZsa rd ;qukbZVsM cSad vkWiQ bafM;k dsdk;Zdkjh funs'kd jgsA vki 'ks;j/kjd funs'kd pqus x, rFkk vkius 27-12-2008 dks rhu o"kZ ds fy, vFkkZr 26-12-2011 rd ds fy, dk;ZHkkj laHkkykA

3- cksMZ dh lfefr;k¡

cksMZ dh eq[; lfefr;k¡ fuEufyf[kr gSa %

3-1 cksMZ dh ys[kk&ijh{kk lfefr (,-lh-ch-)

Hkkjrh; fjtoZ cSad@Hkkjr ljdkj ds funZss'kksa ds vuqikyu esa cSad }kjk cksMZ dhys[kk ijh{kk lfefr (,-lh-ch-) dk xBu fd;k x;k gS A

dk;Z&dyki %

• funZs'k nsuk ,oa cSad ds lexz ys[kk ijh{kk dk;ks± dh fuxjkuh o cSad

ds lkafof/d@cká ys[kk ijh{kk dk;ks± ,oa Hkkjrh; fjtoZ cSad ds

fujh{k.k ds laca/ esa vuqorhZ dkjZokbZ djukA

• frekgh@Nekgh@okf"kZd@ foÙkh; LVsVesaVksa o fjiksVks± ds vuqeksnu ls iwoZ dsUæh;

lkafof/d ys[kk ijh{kdksa ls fopkj&foe'kZ djuk ,oa* yk¡x iQkeZ vkWfMV

fjiksVZ* esa mBk;s x;s leLr fcUnqvksa ij vuqorhZ dkjZokbZ djukA

• cSad ds vkarfjd fujh{k.k@ys[kk ijh{kk laca/kh dk;ks± & vuqorhZ dkjZokbZ ds

:i esa ç.kkyh] xq.koÙkk ,oa çHkko'khyrk dh leh{kk djuk A

• fof'k"V ,oa vlk/kj.k :i ls cM+h 'kk[kkvksa o vlarks"ktud jsfVax

okyh 'kk[kkvksa dh fujh{k.k fjiksVks± dh leh{kk djuk A

• lwphdj.k djkj ds çko/kuksa ds vuqlkj ,oa Hkkjrh; fjtoZ cSad ds

fn'kk&funZs'kksa ds vuq:i dk;Z djuk A

dEiuh lfpo lfefr ds lfpo ds #i esa dk;Z djrk gSA

PNB 68-89.pmd 6/24/2009, 6:14 PM71

72

Composition as on 31.3.2009.

1. Sh. S. R. Khurana - Chairman of the Committee

(Non-Executive GoI appointed

Chartered Accountant Director)

2. Sh. M. V. Tanksale - Executive Director

3. Sh. Nagesh Pydah - Executive Director

4. Ms. Ravneet Kaur - Non-Executive Director

(GoI Nominee)

5. Sh. L.M. Fonseca - Non-Executive Director

(RBI Nominee)

6. Sh. Mushtaq A. Antulay - Non-Executive Director

(GoI appointed Director)

7. Sh. D. K. Singla - Non-Executive Director

(Shareholder Director)

Details of Audit Committee meetings held during the

Financial Year 2008-09

S. Date of the Total No. of No.of Directors

No. Meeting Directors of present in

the Committee the Meeting

1. 24.04.2008 6 5

2. 14.05.2008 6 5

3. 18.06.2008 6 4

4. 29.07.2008 6 5

5. 19.08.2008 6 6

6. 07.10.2008 5 3

7. 30.10.2008 5 4

8. 06.12.2008 3 3

9. 15.01.2009 5 4

10. 29.01.2009 5 5

11. 20.02.2009 5 3

12. 05/06.03.2009 5 4

Details of Audit Committee meetings attended by member-

Directors during the Financial Year 2008-09

Sl. Name of No. of No. of Ceased to

No. Director meetings meetings be Member

held during attended of the

tenure Committee

w.e.f.

1. Sh. S. R. Khurana 12 12 N. A.

2. Sh. K. Raghuraman, 05 05 Demitted office

ED on 30.09.2008

3. Sh. J. M. Garg, 07 07 Elevated as

ED CMD of Corp.

Bank on

06.11.2008.

4. Sh. M. V. Tanksale, ED Nil Nil N. A.

5. Sh. Nagesh Pydah, ED Nil Nil N. A.

6. Sh. Rakesh Singh 02 Nil 10.06.2008

7. Ms. Ravneet Kaur 10 06 N. A.

8. Sh. L. M. Fonseca 12 11 N. A.

9. Dr. Harsh Mahajan 07 03 13.12.2008

10. Sh. Mushtaq A. Antulay 04 03 N. A.

11. Sh. D.K. Singla 04 04 N. A.

31-3-2009 dh fLFkfr ds vuqlkj lajpuk

1- Jh ,l vkj [kqjkuk - lfefr ds vè;{k(xSj&dk;Zdkjh Hkkjr ljdkj }kjkfu;qDr lunh ys[kkdkj funs'kd)

2- Jh ,e- oh- Vk¡dlkys - dk;Zdkjh funs'kd

3- Jh ukxs'k iSM+k - dk;Zdkjh funs'kd

4- lqJh jouhr dkSj - xSj dk;Zdkjh funs'kd(Hkkjr ljdkj ds ukferh)

5- Jh ,y- ,e- i+Qksafldk - xSj dk;Zdkjh funs'kd(Hkkjrh; fjt+oZ cSad ds ukferh)

6- Jh ,e-,- ,Urqys - xSj dk;Zdkjh funs'kd(Hkkjr ljdkj }kjk fu;qDr funs'kd)

7- Jh Mh- ds- flaxyk - xSj dk;Zdkjh funs'kd('ks;j/kjd funs'kd)

foÙk o"kZ 2008&09 ds nkSjku vk;ksftr ys[kk ijh{kk lfefr dh cSBdksads O;kSjs %

Ø- cSBd dh cksMZ esa cSBd esala- rkjh[k funs'kdksa dh mifLFkr funs'kdksa

dqy la[;k dh la[;k

1 24-04-2008 6 5

2 14-05-2008 6 5

3 18-06-2008 6 4

4 29-07-2008 6 5

5 19-08-2008 6 6

6 07-10-2008 5 3

7 30-10-2008 5 4

8 06-12-2008 3 3

9 15-01-2009 5 4

10 29-01-2009 5 5

11 20-02-2009 5 3

12 05@06-03-2009 5 4

lnL; funs'kdksa }kjk for o"kZ 2008&09 ds nkSjku vk;ksftr ys[kkijh{kk lfefr dh cSBdksa esa Hkkx ysus lEca/h fooj.k

Ø- funs'kd dk dk;Zdky fdruh lfefr lsla- uke ds nkSjku cSBdksa esa lnL;rk

vk;ksftr cSBdksa mifLFkr lekiudh la- gq, frfFk

1- Jh ,l vkj [kqjkuk 12 12 ykxw ugha2- Jh ds- j?kqjkeu 30-09-2008 dks

dk;Zdkjh funs'kd 05 05 in R;kx fn;k3- ts- ,e- xxZ 07 07 06-11-08 dks

dk;Zdkjh funs'kd dkjiksjs'ku cSad dsvè;{k ,oa çca/funs'kd cu x,A

4- Jh ,e- oh- Vk¡dlkys 'kwU; 'kwU; ykxw ughadk;Zdkjh funs'kd

5- Jh ukxs'k iSM+k 'kwU; 'kwU; ykxw ughadk;Zdkjh funs'kd

6- Jh jkds'k flag 02 'kwU; 10-06-20087- lqJh jouhr dkSj 10 06 ykxw ugha8- Jh ,y- ,e- i+Qkasfldk 12 11 ykxw ugha9- Mk- g"kZ egktu 07 03 13-12-200810- Jh ,e- ,- vUrqys 04 03 ykxw ugha11- Jh Mh- ds- flaxyk 04 04 ykxw ugha

PNB 68-89.pmd 6/24/2009, 6:14 PM72

73

3.2 Management Committee (MC)

Management Committee has been constituted in terms of provision

13(1) of the Nationalised Banks (Management & Miscellaneous

Provisions) Scheme, 1970.

Role/Functions of Management Committee:

The Committee considers following matters which are beyond the

discretionary powers of CMD:-

a) Sanctioning of credit proposals (funded & non funded),

b) Loan compromise / write-off proposals,

c) Proposal for approval of capital and revenue expenditure,

d) Proposals relating to acquisition and hiring of premises

including deviation from norms for acquisition and hiring of

premises,

e) Filing of suits/appeals, defending the same.

f) Investments in Government and other approved securities,

shares and debentures of companies including underwriting,

g) Donations,

h) Any other matter as referred by the Board.

Composition as on 31.3.2009

1. Dr. K.C. Chakrabarty Chairman & Managing Director

(Chairman of the Committee)

2. Sh. M.V. Tanksale Executive Director

3. Sh. Nagesh Pydah Executive Director

4. Sh. L.M. Fonseca Non-Executive Director

(RBI Nominee)

5. Sh. S.R. Khurana Non-Executive Director

(GoI appointed Chartered

Accountant)

6. Sh. P.K. Nayar Non-Executive Director

(Officer Director)

7. Sh. T.N. Chaturvedi Non-Executive Director


Details of MC meetings held during the Financial Year

2008-09

S. Date of Total No. No. of

No. Meeting of Directors Directors

of the present in

Committee the Meeting

1. 16.04.2008 8 7

2. 06.05.2008 8 6

3. 21.05.2008 8 8

4. 19.06.2008 8 7

5. 14.07.2008 8 7

6. 04.08.2008 8 7

7. 27.08.2008 8 8

8. 10.09.2008 8 7

9. 20.09.2008 8 8

10. 06.10.2008 7 7

3-2 çcaa/ lfefr

çca/ lfefr dk xBu jk"Vªh;Ñr cSad (çca/ ,oa fofo/ çko/ku) ;kstuk&1970dh /kjk 13(1) ds çko/kuksa ds vuqlj.k esa fd;k x;k gSA

çcU/ lfefr dh Hkwfedk@dk;Z

lfefr vè;{k ,oa çcU/ funs'kd dh foosdk/hu 'kfDr;ksa ls ckgj fuEufyf[krçLrkoksa ij fopkj djrh gS %

d) ½.k çLrkoksa (fuf/ ,oa xSj fuf/ vk/kfjr) dks LohÑr djuk

[k) ½.k le>kSrs@cV~Vs [kkrs çLrko

x) iwWth ,oa jktLo O;; ds vuqeksnu gsrq çLrko

Ä) ifjljksa dks fdjk;s ij ysus@vf/xzg.k laca/h çLrko] ftles ifjljksa dksfdjk;s ij ysus@vf/xzg.k lEcU/h ekunaMksa esa fopyu Hkh 'kkfey gS

p) okn@vihy nk;j djuk] cSad dk cpko djuk

N) ljdkjh o vU; vuqeksfnr çfrHkwfr;ksa] daifu;ksa ds va'ki=kksa vkSj ½.ki=kksa ess fuos'k ,oa v.MjjkbfVax

t) nku

>) cksMZ }kjk çsf"kr vU; dksbZ ekeyk

31-3-2009 ds vuqlkj ljapuk

1- Mk- ds- lh- pØcrhZ vè;{k ,oa çca/ funs'kd(lfefr ds vè;{k)

2- Jh ,e-oh Vk¡dlkys dk;Zdkjh funs'kd

3- Jh ukxs'k iSM+k dk;Zdkjh funs'kd

4- Jh ,y-,e-i+Qkasfldk xSj dk;Zdkjh funs'kd(Hkkjrh; fjtoZ cSad ds ukferh)

5- Jh ,l- vkj- [kqjkuk xSj dk;Zdkjh funs'kd(Hkkjr ljdkj }kjk fu;qDr lunh ys[kkdkj)

6- Jh ih- ds- uk;j xSj dk;Zdkjh funs'kd(vf/dkjh oxZ ds ukferh)

7- Jh Vh- ,u- prqoZsnh xSj dk;Zdkjh funs'kd('ks;j/kjd funs'kd)

foÙk o"kZ 2008&09 ds nkSjku vk;ksftr çca/ lfefr dh cSBdksa dkfooj.k

Ø- cSBd dh lfefr ds cSBd esala- rkjh[k funs'kdksa mifLFkr

dh dqy funs'kdksala[;k dh la[;k

1. 16.04.2008 8 7

2. 06.05.2008 8 6

3. 21.05.2008 8 8

4. 19.06.2008 8 7

5. 14.07.2008 8 7

6. 04.08.2008 8 7

7. 27.08.2008 8 8

8. 10.09.2008 8 7

9. 20.09.2008 8 8

10. 06.10.2008 7 7

PNB 68-89.pmd 6/24/2009, 6:14 PM73

74

S. Date of Total No. No. of

No. Meeting of Directors Directors

of the present in

Committee the Meeting

11. 18.10.2008 7 7

12. 10.11.2008 6 6

13. 26.11.2008 6 5

14. 15.12.2008 5 5

15. 26.12.2008 5 4

16. 13.01.2009 5 5

17. 30.01.2009 6 6

18. 18.02.2009 6 6

19. 12.03.2009 6 6

20. 28.03.2009 7 7

Details of MC Meetings attended by member-Directors

during the Financial Year 2008-09

S. Name of No. of No. of Ceased

No. Director meetings meetings to be

held attended member

during of the

tenure Committee

w.e.f.

1. Dr. K. C. Chakrabarty, CMD 20 20 N.A.

2. Sh. K. Raghuraman, 09 08 Demitted Office

ED on 30.09.2008

3. Sh. J. M. Garg, ED 11 11 Elevated as

CMD of Corp.

Bank on

6.11.2008

4. Sh. M. V. Tanksale, ED 01 01 N. A.

5. Sh. Nagesh Pydah, ED 01 01 N. A.

6. Sh. L. M. Fonseca 20 19 N.A.

7. Sh. S. R. Khurana 20 19 N.A.

8. Sh. P. K. Nayar 10 10 1st Term –

12.05.2008

IInd Term

(from

12.11.2008)-

upto

31.03.2009

9. Sh. M. L. Bagga 10 09 12.11.2008

10. Dr. Harsh Mahajan 03 01 1st Term –

12.05.2008

IInd Term

(from

12.11.2008)

-12.12.2008

11. Sh. Prakash Agarwal 10 10 12.11.2008

12. Sh. Mushtaq A. Antulay 09 07 27.09.2008

13. Sh. Gautam P. Khandelwal 10 09 28.03.2009

14. Sh. T. N. Chaturvedi 04 04 N.A.

3.3 Risk Management Committee

The Bank has constituted the Risk Management Committee.

Ø- cSBd dh lfefr ds cSBd esala- rkjh[k funs'kdksa mifLFkr

dh dqy funs'kdksala[;k dh la[;k

11. 18.10.2008 7 7

12. 10.11.2008 6 6

13. 26.11.2008 6 5

14. 15.12.2008 5 5

15. 26.12.2008 5 4

16. 13.01.2009 5 5

17. 30.01.2009 6 6

18. 18.02.2009 6 6

19. 12.03.2009 6 6

20. 28.03.2009 7 7

for o"kZ 2008&09 ds nkSjku funs'kdksa }kjk çcU/ lfefr dh cSBdksa esaHkkx ysus laEc/h fooj.k

Ø- funs'kd muds ftruh lfefr lsla- dk uke dk;Zdky ds cSBdksa esa lnL;rk

nkSjku vk;ksftr Hkkx fy;k lekiucSBdksa dh la[;k frfFk

1- Mk- ds- lh- pØcrhZ 20 20 ykxw ughavè;{k ,oa çcU/ funs'kd

2- Jh ds- j?kqjkeu 09 08 30-09-2008 dksdk;Zdkjh funs'kd in R;kx fd;k

3- Jh ts- ,e- xxZ 11 11 06-11-2008 lsdk;Zdkjh funs'kd dkjiksjs'ku cSad

ds v/;{k ,oaçca/ funs'kdds #i esa

inksUurk gq, A4- Jh ,e- oh- Vk¡dlkys 01 01 ykxw ugha

dk;Zdkjh funs'kd5- Jh ukxs'k iSM+k 01 01 ykxw ugha

dk;Zdkjh funs'kd6- Jh ,y- ,e- i+Qkasfldk 20 19 ykxw ugha7- Jh ,l- vkj- [kqjkuk 20 19 ykxw ugha8- Jh ih- ds- uk;j 10 10 çFke vof/

&12-05-2008f}rh; vof/

(12-11-2008 ls)&31-03-2009 rd

9 Jh ,e- ,y- cXxk 10 09 12-11-200810 MkW g"kZ egktu 03 01 çFke vof/

&12-05-2008f}rh; vof/

(12-11-2008 ls)&12-12-2008 rd

11 Jh çdk'k vxzoky 10 10 12-11-200812 Jh eq'rkd ,- vUrqys 09 07 27-09-200813 Jh xkSre ih- [kaMsyoky 10 09 28-03-200914- Jh Vh- ,u- prqoZsnh 04 04 ykxw ugha

3-3 tksf[ke çca/u lfefrcSad }kjk tksf[ke çcU/u lfefr dk xBu fd;k x;k gS A

PNB 68-89.pmd 6/24/2009, 6:14 PM74

75

Functions:

� To guide CRMC, ALCO & ORMC on any issue of importance

for risk management and to oversee the functioning of these

committees for effective coordination

� Approving Market Risk Management processes (including

people, systems, operations, limits and controls) as per Bank's

policy.

� Approval of any other action necessary to comply with

requirements set forth in Risk Management Policy/RBI

guidelines or otherwise required for managing any risk.

Composition as on 31.3.2009.

1. Dr. K. C. Chakrabarty - Chairman & Managing Director





(GoI Nominee)


(RBI Nominee)

6. Sh. S. R. Khurana - Non-Executive Director

(GoI appointed Chartered

Accountant)

7. Sh. G. R. Sundravadivel - Non-Executive Director


Details of Risk Management Committee meetings attended

by member-directors during the Financial Year 2008-09.

S. Name of Director No.of meetings No. of

No. held during meetings

tenure attended

1. Dr. K. C. Chakrabarty, CMD 4 4

2. Sh. K. Raghuraman, ED* 2 1

3. Sh. J. M. Garg, ED** 2 2

4. Sh. M. V. Tanksale Nil Nil

5. Sh. Nagesh Pydah Nil Nil

6. Ms. Ravneet Kaur 4 1

7. Sh. Rakesh Singh*** Nil Nil

8. Sh. L.M. Fonseca 4 4

9. Sh. S. R. Khurana 4 4

10. Sh. Gautam P. Khandelwal # 3 2

11. Sh. G. R. Sundravadivel 1 1



*** Demitted office on 10.06.2008.

# Ceased to be member of the Committee w.e.f. 14.01.2009.

3.4 Committee of Directors to review disposal of

Vigilance/Non-vigilance disciplinary action cases(COD)

Role/Functions

The Committee reviews disposal of vigilance and non-vigilance

disciplinary action cases, on quarterly basis.

dk;Z

� tksf[ke çca/u ls lacaf/r fdlh Hkh egRoiw.kZ fo"k; ij lh-vkj-,e-lh-] ,ydks ,oa vks-vkj-lh-vks- dk ekxZn'kZu djuk rFkk çHkkohleUo; ds fy, bu lfefr;ksa ds dk;Z dks ns[kukA

� cSad dh uhfr ds vuqlkj cktkj tksf[ke çcU/u çfØ;k (O;fDr]ç.kkyh] çpkyu] lhek ,oa fu;a=k.k lfgr) dks LohÑr djukA

� tksf[ke çca/u uhfr@Hkk-fj- cSad ds fn'kk funZs'kksa ;k vU;Fkk fdlhvU; tksf[ke ds çca/ dh vuqikyuk gsrq visf{kr fdlh vU;vko';d dkjZokbZ dk vuqeksnu djuk A


1- Mk- ds- lh- pØcrhZ - vè;{k ,oa çca/ funs'kd(lfefr ds vè;{k)

2- Jh ,e- oh- Vk¡dlkys - dk;Zdkjh funs'kd

3- Jh ukxs'k iSM+k - dk;Zdkjh funs'kd

4- lqJh jouhr dkSj - xSj&dk;Zdkjh funs'kd(Hkkjr ljdkj ds ukferh)

5- Jh ,y- ,e- i+Qkasfldk - xSj dk;Zdkjh funs'kd(Hkkjrh; fjtoZ cSad ds ukferh)

6- Jh ,l- vkj- [kqjkuk - xSj dk;Zdkjh funs'kd(Hkkjr ljdkj }kjk fu;qDrlunh ys[kkdkj)

7- Jh th- vkj- - xSj&dk;Zdkjh funs'kdlqUnjoMhosy ('ks;j/kjd funs'kd)

foÙk o"kZ 2008&09 ds nkSjku vk;ksftr tksf[ke çcU/ lfefr dhcSBdksa esa lnL; funs'kdksa dh mifLFkfr ds C;kSjs

Ø- funs'kd dk uke vk;ksftr cSBdksa ftruh cSBdksala- dh la[;k esa mifLFkr gq,

1 Mk- ds- lh- pØcrhZ 4 4vè;{k ,oa çca/ funs'kd

2 Jh ds- j?kqjkeu* dk;Zdkjh funs'kd 2 13 Jh ts- ,e- xxZ** dk;Zdkjh funs'kd 2 24- Jh ,e- oh- Vk¡dlkys 'kwU; 'kwU;5- Jh ukxs'k iSM+k 'kwU; 'kwU;6- lqJh jouhr dkSj 4 17- Jh jkds'k flag*** 'kwU; 'kwU;8- Jh ,y- ,e- i+Qkasfldk 4 49- Jh ,l vkj [kqjkuk 4 410- Jh xkSre ih- [kaMsyoky# 3 211- Jh th- vkj- lqUnjoMhosy 1 1

*30-05-2008 dks in R;kx fd;k A**06-11-2008 dks dkjiksjs'ku cSad ds vè;{k ,oa çca/ funs'kd ds #i esa inksUur gq,A***10-06-2008 dks in R;kx fd;k A#14-01-2009 ls lfefr ds lnL; ugha gSa A

3-4 lrdZrk@xSj lrdZrk vuq'kklfud dkjZokbZ ekeyksa ds fuiVku dhleh{kk gsrq funs'kd lfefr (lh-vks-Mh-)

Hkwfedk@dk;Z

lfefr] lrdZrk vkSj xSj lrdZrk vuq'kklfud dkjZokbZ ekeyksa ds fuiVkudh leh{kk frekgh vk/kkj ij djrh gSA

PNB 68-89.pmd 6/24/2009, 6:14 PM75

76


1. Dr. K.C. Chakrabarty Chairman & Managing Director


2. Sh. M.V. Tanksale Executive Director


4. Ms. Ravneet Kaur Non-Executive Director

(GoI Nominee)


(RBI Nominee)

Details of Committee of Directors meeting attended by

member - Directors during 2008-09.

S. Name of No. of No. of

No. Director meetings meetings

held during attended

tenure

1. Dr. K. C. Chakrabarty, CMD 4 4


3. Sh. J. M. Garg, ED** 2 2

4. Sh. M.V. Tanksale, ED Nil Nil

5. Sh. Nagesh Pydah, ED Nil Nil

6. Ms. Ravneet Kaur 4 Nil

7. Sh. L.M. Fonseca 4 4

* Demitted office on 30.09.2008

** Elevated as CMD of Corp. Bank on 6.11.2008

3.5 Information Technology Committee

The Committee has been constituted to study various aspects of

Information Security & Information Technology initiatives and

suggest appropriate measures to strengthen the same.


1. Sh. M. V. Tanksale Executive Director (Chairman)


(Alternate Chairman)

3. Sh. Gautam P. Khandelwal Non-Executive Director

(Appointed by GoI)

4. Sh. D.K. Singla Non-Executive Director


5. Sh. P. K. Nayar Non-Executive Director

(Officer Director)

6. Sh. M. L. Bagga Non-Executive Director

(Workman Director)

Details of IT Committee meetings attended by member-

Directors during 2008-09




the tenure

1. Sh. K. Raghuraman ED* 2 2

2. Sh. J.M. Garg ED** 2 2

3. Sh. Gautam P. Khandelwal 4 3

4. Sh. D.K. Singla 1 1


1- Mk- ds- lh- pØcrhZ vè;{k ,oa çca/ funs'kd(lfefr ds v/;{k)

2- Jh ,e- oh- Vk¡dlkys dk;Zdkjh funs'kd


4- lqJh jouhr dkSj xSj dk;Zdkjh funs'kd(Hkkjr ljdkj ds ukferh)

4- Jh ,y-,e-i+Qkasfldk xSj dk;Zdkjh funs'kd(Hkk-fj- cSad ds ukferh)

foÙk o"kZ 2008&09 ds nkSjku vk;ksftr funs'kd lfefr dh cSBdksa esaçR;sd funs'kd dh mifLFkfr dk C;kSjk

Ø- funs'kd dk muds fdruhla- uke dk;Zdky esa cSBdksa esa

fdruh cSBdsa mifLFkr jgsvk;ksftr dh xbZ

1- Mk- ds- lh- pØcrhZ 4 4vè;{k ,oa çca/ funs'kd

2- Jh ds- j?kqjkeu* dk;Zdkjh funs'kd 2 2

3- Jh ts- ,e- xxZ** dk;Zdkjh funs'kd 2 2

4- Jh ,e- oh- Vka¡dlkys] dk;Zdkjh funs'kd 'kwU; 'kwU;

5- Jh ukxs'k iSM+k] dk;Zdkjh funs'kd 'kwU; 'kwU;

6- lqJh jouhr dkSj 4 'kwU;

7- Jh ,y- ,e- i+Qksafldk 4 4

*30-09-2008 dks in R;kx fd;k A**06-11-2008 dks dkjiksjs'ku cSad ds vè;{k ,oa çca/ funs'kd ds #i esa inksUur gq,A

3-5 lwpuk çkS|ksfxdh lfefrbl lfefr dk xBu] lwpuk&lqj{kk ,oa lwpuk çkS|ksfxdh laca/h fofHkUu igyqvksads vè;;u ,oa bUgsa etcwr djus o mi;qDr mik; lq>kus gsrq fd;k x;k gS A


1- Jh ,e-oh- Vk¡dlkys dk;Zdkjh funs'kd (vè;{k)2- Jh ukxs'k iSM+k dk;Zdkjh funs'kd

(fodYih vè;{k)3- Jh xkSre ih- [kaMsyoky xSj dk;Zdkjh funs'kd

(Hkkjr ljdkj }kjk fu;qDr)4- Jh Mh-ds- flaxyk xSj dk;Zdkjh funs'kd

('ks;j/kjd funs'kd)5- Jh ih- ds- uk;j xSj dk;Zdkjh funs'kd

(vf/dkjh funs'kd)6- Jh ,e- ,y- cXxk xSj dk;Zdkjh funs'kd

(deZpkjh funs'kd)

foÙk o"kZ 2008&09 ds nkSjku vk;ksftr lwpuk çkS|ksfxdh lfefr dhcSBdksa esa lnL; funs'kdksa dh mifLFkfr ds C;kSjs

Ø- funs'kd vk;ksftr ftruhla- dk uke cSBdksa dh cSBdksa esa

la[;k mifLFkfr gq,

1 Jh ds- j?kqjkeu* 2 2

2 Jh ts- ,e- xxZ** 2 2

3- Jh xkSre ih- [k.Msyoky 4 3

4- Jh Mh- ds- flaxyk 1 1

PNB 68-89.pmd 6/24/2009, 6:14 PM76

77




the tenure

5. Sh. P. K. Nayar ED*** 4 4

6. Sh. Prakash Agarwal ED**** 2 2

7. Sh. M. L. Bagga 4 4



*** Ceased to be Director w.e.f. 01.04.2009

**** Ceased to be member of the Committee w.e.f. 13.12.2008

3.6 Directors Promotion Committee

Role/Functions

The Committee considers candidates for promotions to Top Executive

Grade Scale-VII as well as representations of officers against non

selection / non approval to Top Executive Grade Scale VII.


1. Dr. K.C. Chakrabarty - Chairman & Managing Director



(GoI Nominee)


(RBI Nominee)

No meeting of the Committee was held during 2008-09.

3.7 Special Committee of Board – For monitoring fraud cases.

The Committee has been constituted for monitoring and review all

fraud cases of Rs.1.00 crore and above.


1. Dr. K.C. Chakrabarty - Chairman and Managing Director





(GoI Nominee)

5. Sh. Mushtaq A. Antulay - Non-Executive Director

(Appointed by GoI)

6. Sh. V. K. Mishra - Non-Executive Director

(Appointed by GoI)

7. Sh. G. R. Sundaravadivel - Non Executive Director


Details of Special Committee of Board meetings attended

by member-Directors during 2008-09




the tenure

1. Dr. K.C. Chakrabarty, CMD 6 6


3. Sh. J. M. Garg, ED** 3 3

4. Sh. M. V. Tanksale, ED Nil Nil

Ø- funs'kd vk;ksftr ftruh

la- dk uke cSBdksa dh cSBdksa esa

la[;k mifLFkfr gq,

5- Jh ih- ds- uk;j*** 4 4

6- çdk'k vxzoky**** 2 2

7- Jh ,e- ,y- cXxk 4 4

*30-09-2008 dks in R;kx fd;k A**06-11-2008 dks dkjiksjs'ku cSad ds vè;{k ,oa çca/ funs'kd ds #i esa inksUur gq,sA***01-04-2009 ls funs'kd ugha gSa A****13-12-2008 ls lfefr ds lnL; ugha gSa A

3-6 inksUufr ds fy, funs'kd lfefr

Hkwfedk@dk;Z

lfefr mPp dk;Zikyd xzsM Ldsy 7 esa inksUufr ds fy, vf/dkfj;ksa ds laca/esa mudh mEehnokjh ij fopkj djrh gS rFkk mPp dk;Zikyd xzsM Ldsy 7 esap;u u gksus@LohÑr gksus ds laca/ esa çkIr çfrosnuksa ij fopkj djrh gSA

31-03-2009 dh fLFkfr vuqlkj lajpuk1- Mk- ds- lh- pØcrhZ vè;{k ,oa çca/ funs'kd

(lfefr ds vè;{k)


3- Jh ,y- ,e- i+Qkasfldk xSj dk;Zdkjh funs'kd(Hkkjrh; fjt+oZ cSad ds ukferh)

o"kZ 2008&09 esa lfefr dh dksbZ cSBd ugha gqbZA

3-7 cksMZ dh fo'ks"k lfefr & /ks[kk/M+h ekeyksa dh fuxjkuh gsrq,d djksM+ #i;s rFkk blls vf/d jkf'k okys /ks[kk/M+h ekeyksa esa fuxjkuhrFkk vuqorZu gsrq ,d fo'ks"k lfefr xfBr dh xbZ gSA


1- Mk- ds lh pØcrhZ vè;{k ,oa çca/ funs'kd(lfefr ds v/;{k)

2- Jh ,e- oh- Vk¡dlkys dk;Zdkjh funs'kd3- Jh ukxs'k iSM+k dk;Zdkjh funs'kd

4- lqJh jouhr dkSj xSj&dk;Zdkjh funs'kd(Hkkjr ljdkj ds ukferh)

5- Jh ,e-,- vUrqys xSj&dk;Zdkjh funs'kd(Hkkjr ljdkj }kjk fu;qDr

6- Jh oh-ds- feJk xSj&dk;Zdkjh funs'kd(Hkkjr ljdkj }kjk fu;qDr)

7- Jh th-vkj- lqUnjoMhosy xSj&dk;Zdkjh funs'kd('ks;j/kjd funs'kd)

o"kZ 2008&09 ds nkSjku vk;ksftr cksMZ dh fo'ks"k lfefr dh cSBdksaesa lnL; funs'kdksa dh mifLFkfr ds C;kSjs

Ø- funs'kd muds dk;Zdky ftruhla- dk uke ds nkSjku cSBdksa esa

vk;ksftr cSBdksa mifLFkrdh la[;k gq,

1 Mk- ds- lh- pØcrhZ 6 6vè;{k ,oa çca/ funs'kd

2 Jh ds- j?kqjkeu* dk;Zdkjh funs'kd 3 33 Jh ts ,e xxZ** dk;Zdkjh funs'kd 3 34- Jh ,e- oh- Vk¡dlkys] dk;Zdkjh funs'kd 'kwU; 'kwU;

PNB 68-89.pmd 6/24/2009, 6:14 PM77

78




the tenure


6. Sh. Rakesh Singh*** 1 Nil

7. Ms. Ravneet Kaur 5 1

8. Sh. Mushtaq A. Antulay 6 6

9. Sh. V. K. Mishra 2 2

10. Sh. G. R. Sundaravadivel 2 2



*** Ceased to be member w.e.f. 10.06.2008.

3.8 Remuneration Committee

The Committee evaluates performance of whole-time Directors

(CMD & EDs) of the Bank.



(GoI Nominee)


(RBI Nominee)

3. Sh. S. R. Khurana Non-Executive Director

(GoI appointed Chartered Accountant)

4. Sh. V. K. Mishra Non-Executive Director

(Appointed by GoI)

Details of Remuneration Committee Meetings attended by

member-Directors during 2008-09.




tenure

1 Ms. Ravneet Kaur 1 Nil

2 Sh. L.M. Fonseca 1 1

3 Sh. S.R. Khurana 1 1

4 Sh. Prakash Agarwal* 1 1

5 Sh. V.K. Mishra Nil Nil

* Ceased to be member w.e.f. 13.12.2008

3.9 Nomination Committee

The committee has been constituted to determine the fulfillment

of ‘fit and proper' criteria in respect of Shareholder Director(s) on

the Board of Bank, as per RBI guidelines.


1. Sh. S. R. Khurana Chairman of the Committee

(Non-Executive GoI Appointed

Chartered Accountant Director)


(GoI Nominee)


(RBI Nominee)

4. Sh. Mushtaq A. Antulay Non-Executive Director

(Appointed by GoI)



5- Jh ukxs'k iSM+k] dk;Zdkjh funs'kd 'kwU; 'kwU;6- Jh jkds'k flag*** 1 'kwU;7- lqJh jouhr dkSj 5 18- Jh ,e- ,- vUrqys 6 69- Jh oh- ds- feJk 2 210- Jh th- vkj- lqUnjoMhosy 2 2*30-09-2008 dks in R;kx fd;kA**06-11-2008 dks dkjiksjs'ku cSad ds vè;{k ,oa çca/ funs'kd ds #i esainksUur gq,A***10-06-2008 ls lfefr ds lnL; ugha gSaA

3-8 ikfjJfed lfefr

lfefr dk dk;Z cSad ds iw.kZ dkfyd funs'kdksa (vè;{k ,oa çca/ funs'kdrFkk dk;Zdkjh funs'kd) ds dk;Z fu"iknu dk ewY;kadu djuk gSA



2- Jh ,y- ,e- i+Qksafldk xSj dk;Zdkjh funs'kdHkkjrh; fjt+oZ cSad ds ukferh)

3- Jh ,l- vkj- [kqjkuk xSj dk;Zdkjh funs'kd(Hkkkjr ljdkj }kjk fu;qDr lunh ys[kkdkj)

4- Jh oh-ds- feJk xSj dk;Zdkjh funs'kd(Hkkjr ljdkj }kjk fu;qDr)

o"kZ 2008&09 ds nkSjku ikfjJfed lfefr dh cSBdksa dk C;kSjk



1- lqJh jouhr dkSj 1 'kwU;2- Jh ,y- ,e- i+Qksafldk 1 13- Jh ,l- vkj- [kqjkuk 1 14- Jh çdk'k vxzoky* 1 15- Jh oh- ds- feJk 'kwU; 'kwU;

*13-12-08 ls lfefr ds lnL; ugha gSa A

3-9 ukekadu lfefr

lfefr dk xBu Hkk-fj- cSad ds fn'kk&funZs'kksa ds vuqlkj cSad ds cksMZ esa'ks;j/kjd funs'kd (dksa) ds laca/ esa ¶mi;qDr rFkk leqfpr** ekudksa dkvuqikyu lqfuf'pr djus ds fy, fd;k x;k gS A

31-03-2009 dh fLFkfr vuqlkj lajpuk

1- Jh ,l- vkj- [kqjkuk lfefr ds vè;{kxSj dk;Zdkjh funs'kd (Hkkjrljdkj }kjk fu;qDr lunh ys[kkdkj)


3- Jh ,y- ,e- i+Qksafldk xSj dk;Zdkjh funs'kd(Hkkjrh; fjt+oZ cSad ds ukferh)

4- Jh eq'rkd ,- vUrqys xSj dk;Zdkjh funs'kd(Hkkjr ljdkj }kjk fu;qDr)

PNB 68-89.pmd 6/24/2009, 6:14 PM78

79

Details of Nomination Committee meetings during

2008-09.




the tenure

1 Sh. S.R. Khurana 2 2

2 Ms. Ravneet Kaur 2 2

3 Sh. L.M. Fonseca 2 2

4 Sh. Mushtaq A. Antulay 2 1

3.10 Customer Service Committee

The Customer Service Committee has been constituted to discharge

the following functions :

• Formulation of a Comprehensive Deposit Policy.

• Issues such as the treatment on death of a depositor for

operations of his account.

• Product approval process with a view to suitability and

appropriateness.

• Annual Survey of depositor satisfaction.

• Tri-enniel audit of such services.

• Monitoring the implementation of awards under the Banking

Ombudsman Scheme.

• Examine any other issue having a bearing on the quality of

customer service rendered.


1. Sh. M. V. Tanksale Executive Director

(Chairman)


(Alternate Chairman)

3. Sh. L. M.Fonseca Non-Executive Director

(RBI Nominee)

4. Sh. P. K. Nayar Non-Executive Director

(Officer Director)

5. Sh. G. P. Khandelwal Non-Executive Director

(Appointed by GoI)

6. Sh. M. L. Bagga Non-Executive Director

(Workman Director)

7. Sh. V.K. Mishra Non-Executive Director

(Appointed by GoI)

Details of Customer Service Committee meetings attended

by member-Director during 2008-09




the tenure

1 Sh. K Raghuraman, ED* 2 2

2. Sh. J. M. Garg, ED** 2 2



o"kZ 2008&09 ds nkSjku ukekadu lfefr dh cSBdksa dk C;kSjk



1- Jh ,l-vkj- [kqjkuk 2 2

2- lqJh jouhr dkSj 2 2

3- Jh ,y- ,e- i+Qksafldk 2 2

4- Jh eq'rkd ,- vUrqys 2 1

3-10 xzkgd lsok lfefr

cksMZ dh xzkgd lsok lfefr dk xBu fuEufyf[kr dk;ks± ds fy, fd;k x;k gS %&

••••• O;kid tek uhfr cukukA

••••• fo"k; tSls fd tekdrkZ dh e`R;q ij mlds [kkrs ds ifjpkyu ds fy,dSls O;ogkj djuk gSA

••••• vuqdwyrk o mi;qDrrk dks è;ku esa j[krs gq, mRikn vuqeksnu çfØ;kA

••••• tekdrkZ larqf"V gsrq okf"kZd loZs{k.k

••••• ,slh lsokvksa dh =kSokf"kZd ys[kk ijh{kk

••••• cSafdax yksdiky ;kstuk ds vUrxZr ,okMZ ds dk;kZUo;u dh fuxjkuh djukA

••••• çnku dh xbZ xzkgd lsok dh xq.koÙkk ls lacaf/r fdlh vU; ekeysdks tkaapukA

31-3-2009 dh fLFkfr vuqlkj lajpuk

1- Jh ,e- oh- Vk¡dlkys dk;Zdkjh funs'kd (vè;{k )

2- Jh ukxs'k iSM+k dk;Zdkjh funs'kd (oSdfYid vè;{k)

3- Jh ,y- ,e- i+Qksafldk xSj dk;Zdkjh funs'kd(Hkkjrh; fjt+oZ cSad ds ukferh)

4- Jh ih- ds- uk;j xSj dk;Zdkjh funs'kd(vf/dkjh funs'kd)

5- Jh th- ih- [kaMsyoky xSj dk;Zdkjh funs'kd(Hkkjr ljdkj }kjk fu;qDr)

6- Jh ,e- ,y- cXxk xSj dk;Zdkjh funs'kd(deZpkjh funs'kd)

7- Jh oh- ds- feJk xSj dk;Zdkjh funs'kd(Hkkjr ljdkj }kjk fu;qDr)

foÙk o"kZ 2008&09 ds nkSjku vk;ksftr xzkgd lsok lfefr dh cSBdksadk C;kSjk



1- Jh ds- j?kqjkeu] dk;Zdkjh funs'kd* 2 2

2- Jh ts- ,e- xxZ] dk;Zdkjh funs'kd** 2 2

3- Jh ,e- oh- Vk¡dlkys] dk;Zdkjh funs'kd 'kwU; 'kwU;


PNB 68-89.pmd 6/24/2009, 6:14 PM79

80




the tenure

5. Sh. L. M. Fonseca 4 4

6 Sh. P. K. Nayar*** 4 4

7 Sh. M. L. Bagga 4 4

8 Dr. Harsh Mahajan 2 1

9 Sh. G.P. Khandelwal 3 3

10 Sh. V.K. Mishra 1 1



*** Ceased to be Director w.e.f. 01.04.2009.

3.11 Power of Attorney Committee

The committee grants power of attorney to officers and employees

of the Bank authorizing them to execute documents and represent

on behalf of the Bank.





3. Sh. P.K. Nayar - Non-Executive Director

(Officer Director)

4. Sh. M.L. Bagga - Non-Executive Director.

(Workman Director)

Details of Power of Attorney Committee meetings attended

by member-Directors during 2008-09




the tenure

1. Dr. K.C. Chakrabarty 1 1

2. Sh. K Raghuraman, ED* 2 2

3 Sh. J. M. Garg, ED** 2 2

4 Sh. M. V. Tanksale, ED 1 Nil

5. Sh. Nagesh Pydah, ED 1 Nil

6. Sh. P.K. Nayar*** 3 3

7. Sh. M. L. Bagga 3 3

*Demitted office on 30.9.2008

**Elevated as CMD of Corp. Bank on 6.11.2008

*** Ceased to be Director w.e.f. 01.04.2009

3.12 Appellate Authority & Reviewing Authority

Committee of the Board

The committee was constituted to act as Appellate Authority/

Reviewing Authority in terms of schedule of Disciplinary authorities

to PNB Officer Employees (Discipline & Appeal) Regulations, 1977.



5 Jh ,y- ,e- i+Qkasfldk 4 46 Jh ih- ds- uk;j*** 4 47 Jh ,e- ,y- cXxk 4 48 Mk- g"kZ egktu 2 19 Jh th- ih- [kaMsyoky 3 310 Jh oh- ds- feJk 1 1

* 30-09-2008 dks in R;kx fd;k A**06-11-2008 dks dkjiksjs'ku cSad ds vè;{k ,oa çca/ funs'kd ds :i esa inksUur gq,A***01-04-2009 ls funs'kd ugha gSaA

3-11 eq[rkjukek lfefr

lfefr cSad esa dk;Z dj jgs vf/dkfj;ksa@deZpkfj;ksa dks eq[rkjukek (ikWojvkiWQ vVkuh) çnku djrh gS rkfd os nLrkostksa dks fu"ikfnr dj ldsa vkSjcSad dk çfrfuf/Ro dj ldsaA

31-3-2009 ds vuqlkj lajpuk

1- Jh ,e- oh- Vk¡dlkys dk;Zdkjh funs'kd(lfefr ds vè;{k)


3- Jh ih- ds- uk;j xSj dk;Zdkjh funs'kd

(vf/dkjh funs'kd)

4- Jh ,e- ,y- cXxk xSj dk;Zdkjh funs'kd

(deZpkjh funs'kd)

o"kZ 2008&09 ds nkSjku vk;ksftr eq[rkjukek lfefr dh cSBdksa esalnL;&funs'kdksa dh mifLFkfr ds O;kSjs%



1 Mk- ds- lh- pØcrhZ 1 12 Jh ds- j?kqjkeu dk;Zdkjh funs'kd* 2 23 Jh ts- ,e- xxZ] dk;Zdkjh funs'kd** 2 24 Jh ,e- oh- Vk¡dlkys] dk;Zdkjh funs'kd 1 'kwU;5 Jh ukxs'k iSM+k] dk;Zdkjh funs'kd 1 'kwU;6 Jh ih- ds- uk;j*** 3 37 Jh ,e-,y- cXxk 3 3

*30-09-2008 dks in R;kx fd;k A**06-11-2008 dks dkjiksjs'ku cSad ds vè;{k ,oa çca/ funs'kd ds #iesa inksUur gq, A***01-04-2009 ls funs'kd ugha gSa A

3-12 cksMZ dh vihyh; çkf/dkjh o leh{kk çkf/dkjh lfefr

lfefr dk xBu vuq'kklfud çkf/dkjh dh vuqlwph dh 'krkZuqlkj ih,uchvf/dkjh@deZpkjh (vuq'kklu ,oa vihy) fofu;e] 1977 ds vuqlj.k esavihyh; çkf/dkjh@leh{kk çkf/dkjh ds #i esa dk;Z djus gsrq fd;k x;k FkkA

PNB 68-89.pmd 6/24/2009, 6:14 PM80

81


1. Dr. K.C. Chakrabarty - Chairman and Managing Director





(GoI Nominee)

5. Sh. L.M. Fonseca - Non-Executive Director.

(RBI Nominee)

No meeting of the Committee was held during 2008-09

3.13 HRD Committee of Directors :

The Committee has been constituted to look into Macro level HR

issues, Training issues and formulation of action plan for improving

quality of the Bank's Human Resource and oversee its

implementation.

Composition of Committee as on 31.03.2009.




(Alternate Chairman of

the Committee)

3. Sh. G.P. Khandewal - Non-Executive Director

(Appointed by GoI)

4. Sh. D.K. Singla - Non-Executive Director


5. Sh. P.K. Nayar - Non-Executive Director

(Officer Director)

6. Sh. M.L. Bagga - Non-Executive Director

(Workman Director)

7. Sh. G. R. Sundravadivel - Non-Executive Director


8. Sh. Vivek Paranjpe - Outside HR Expert

Details of HRD Committee meetings attended by member-

Directors during 2008-09




the tenure

1 Sh. K. Raghuraman, ED* 1 1

2 Sh. J. M. Garg, ED** 2 2

3 Sh. M. V. Tanksale, ED Nil Nil

4 Sh. Nagesh Pydah, ED Nil Nil

5 Sh. Prakash Agarwal*** 2 1

6 Dr. Harsh Mahajan*** 2 2

7 Sh. G.P. Khandelwal 2 Nil

8 Sh. D.K. Singla Nil Nil

9 Sh. P.K. Nayar**** Nil Nil

10 Sh. M. L. Bagga Nil Nil

11 Sh. G.R. Sundaravadivel Nil Nil

* Demited office on 30.9.2008


*** Ceased to be member w.e.f 13.12.2008

**** Ceased to be Director w.e.f. 01.04.2009

31-03-2009 dh fLFkfr ds vuqlkj lfefr dh lajpuk

1- Jh ds- lh- pØcrhZ vè;{k ,oa çca/d funs'kd(lfefr ds vè;{k)

2- Jh ,e- oh- Vk¡dlkys dk;Zdkjh funs'kd3- Jh ukxs'k iSM+k dk;Zdkjh funs'kd4- lqJh jouhr dkSj xSj dk;Zdkjh funs'kd

(Hkkjr ljdkj ds ukferh)5- Jh ,y- ,e- i+Qkasfldk xSj dk;Zdkjh funs'kd]

(Hkkjrh; fjt+oZ cSad ds ukferh)

3-13 funs'kdksa dh ekuo lalk/u fodkl lfefr

lfefr dk xBu ekuo lalk/u laca/h ekeyksa] çf'k{k.k laca/h ekeyksa dho`gr Lrj ij tkap djus rFkk cSad esa ekuo lalk/u ds Lrj esa lq/kj ykus dsfy, dkjZokbZ ;kstuk rS;kj djus vkSj blds dk;kZUo;u ij fuxjkuh j[kus dsfy, fd;k x;k A


1- Jh ,e- oh- Vk¡dlkys dk;Zdkjh funs'kd(lfefr ds vè;{k)

2- Jh ukxs'k iSM+k dk;Zdkjh funs'kd(lfefr ds oSdfYid vè;{k)

3- Jh th-ih- [kaMsyoky xSj dk;Zdkjh funs'kd(Hkkjr ljdkj }kjk fu;qDr)

4- Jh Mh- ds- flaxyk xSj dk;Zdkjh funs'kd('ks;j/kjd funs'kd)

5- Jh ih- ds- uk;j xSj dk;Zdkjh funs'kd(vf/dkjh funs'kd)

6- Jh ,e- ,y- cXxk xSj dk;Zdkjh funs'kd

(deZpkjh funs'kd)

7- Jh th- vkj- lqUnjoMhosy xSj dk;Zdkjh funs'kd('ks;j/kjd funs'kd)

8- Jh foosd çkatis cká ekuo lalk/kuekeyksa ds fo'ks"kK

o"kZ 2008&09 ds nkSjku lnL; funs'kdksa }kjk ekuo lalk/u fodkllfefr dh cSBdksa esa mifLFkfr ds C;kSjs %&



1 Jh ds- j?kqjkeu] dk;Zdkjh funs'kd* 1 12 Jh ts- ,e- xxZ] dk;Zdkjh funs'kd** 2 23 Jh ,e- oh- Vk¡dlkys] dk;Zdkjh funs'kd 'kwU; 'kwU;4 Jh ukxs'k iSM+k] dk;Zdkjh funs'kd 'kwU; 'kwU;5 Jh çdk'k vxzoky*** 2 16 Mk- g"kZ egktu 2 27 Jh th- ih- [k.Msyoky 2 'kwU;8 Jh Mh- ds- flaxyk 'kwU; 'kwU;9 Jh ih- ds- uk;j**** 'kwU; 'kwU;10 ,e- ,y- cXxk 'kwU; 'kwU;11 Jh th- vkj- lqUnjoMhosy 'kwU; 'kwU;

*30-09-2008 dks in R;kx fd;k A**06-11-2008 dks dkjiksjs'ku cSad ds vè;{k ,oa çca/ funs'kd ds #i esa inksUur gq, A***13-12-2008 ls lnL; ugha gSa A****01-04-2009 ls funs'kd ugha gSa A

PNB 68-89.pmd 6/24/2009, 6:14 PM81

82

3.14 Share Transfer Committee

The Share Transfer Committee has been constituted by the Bank in

accordance with the provisions of Punjab National Bank (Shares &

Meetings) Regulations, 2000.

The Committee monitors and approves share transfers, issuance of

duplicate share certificates/new certificates, transmission of shares

and rematerialisation of shares etc.




2. Sh. M.V. Tanksale - Executive Director


4. Sh. T.N. Chaturvedi - Non-Executive Director


Details of meetings attended by member Directors during

Financial Year 2008-09.




the tenure

1. Dr. K.C. Chakrabarty 02 02


3. Sh. J. M. Garg, ED** 14 13




7. Dr. Harsh Mahajan*** 17 10

8. Sh. Prakash Agarwal*** 03 03

9. Sh. T.N. Chaturvedi 05 05

*Demited office on 30.9.2008


***Ceased to be member w.e.f 13.12.2008

All share transfer requests received upto 31.3.2009 have since been

disposed of.

3.15 Shareholders'/Investors' Grievance Committee

The Committee looks into the redressal of shareholders' grievances.

Composition as on 31.3.2009 :



2. Sh. M.V. Tanksale - Executive Director


4. Sh. T.N. Chaturvedi - Non-Executive Director


3-14 'ks;j varj.k lfefr

iatkc uS'kuy cSad ('ks;j ,oa cSBdsa) fofu;e 2000 ds çko/kuksa ds vuqlkjcSad }kjk 'ks;j varj.k lfefr xfBr dh xbZ Fkh A

lfefr 'ks;jksa ds varj.k] MqIyhdsV 'ks;j&çek.ki=k tkjh djus rFkk 'ks;jksa dslaçs"k.k vkSj mUgs iqu% ewrZ #i esa tkjh djus rFkk blls tqM+s ekeyksa dh

fuxjkuh ,oa vuqeksnu djrh gSA


1- Jh ,l- vkj- [kqjkuk xSj&dk;Zdkjh funs'kd

(lfefr ds vè;{k)



4- Jh Vh- ,u- prqoZsnh xSj&dk;Zdkjh funs'kd

('ks;j/kjd funs'kd)

foÙk o"kZ 2008&09 ds nkSjku lnL; funs'kdksa }kjk 'ks;j vUrj.k

lfefr dh cSBdksa esa mifLFkfr lEcU/h C;kSjs



1- Jh ds- lh- pØcrhZ 02 02

2 Jh ds- j?kqjkeu] dk;Zdkjh funs'kd* 12 11

3 Jh ts- ,e- xxZ] dk;Zdkjh funs'kd** 14 13

4 Jh ,e- oh- Vk¡dlkys] dk;Zdkjh funs'kd 'kwU; 'kwU;


6 Jh ,l vkj [kqjkuk 24 24

7 Mk- g"kZ egktu*** 17 10

8 Jh çdk'k vxzoky*** 03 03

9 Jh Vh- ,u- prqoZsnh 05 05

*30-09-2008 dks in R;kx fd;kA**06-11-2008 dks dkjiksjs'ku cSad ds vè;{k ,oa çca/ funs'kd ds #i esa inksUur gq,A***13-12-2008 ls lnL; ugha gSaA31-3-2009 rd çkIr lHkh 'ks;j varj.k vuqjks/ksa ij dkjZokbZ dh tk pqdh gSA

3-15 'ks;j /kjd@fuos'kd f'kdk;r lfefr

lfefr 'ks;j /kjdksa dh f'kdk;rksa dk fuiVku djrh gSA


1- Jh ,l vkj [kqjkuk xSj&dk;Zdkjh funs'kd

(lfefr ds vè;{k)



4- Jh Vh- ,u- prqoZsnh xSj&dk;Zdkjh funs'kd

('ks;j/kjd funs'kd)

PNB 68-89.pmd 6/24/2009, 6:14 PM82

83

Details of Shareholder/Investors' Grievance Committee

meetings attended by Member-Directors during 2008-09.




the tenure


2. Dr. K.C. Chakrabarty, CMD 01 01


4. Sh. J. M. Garg, ED** 04 04

5 Sh. M. V. Tanksale, ED Nil Nil


7 Dr. Harsh Mahajan*** 04 01

8 Sh. T.N. Chaturvedi 01 01

*Demited office on 30.9.2008


***Ceased to be member w.e.f 13.12.2008

Sh. Ramesh Kumar Kochar, Company Secretary has been appointed

as the Compliance Officer in terms of Clause 47 of the Listing

Agreement.

The Bank received 609 complaints from the shareholders during

the financial year, since redressed and no complaint was outstanding

as on 31.3.2009.

4. Code of Conduct

All Board members and senior management personnel have affirmed

compliance with the Code of Conduct. The same has also been

placed on the Bank's website “www.pnbindia.com” under the head

“Know us (Organisation Structure)".

5. Details of shareholding of Non-Executive Directors

as on 31.3.2009.

S. Name of Number of

No. Director Shares Held

1. Ms Ravneet Kaur(GoI Nominee) Nil

2. Sh. L.M. Fonseca (RBI Nominee) Nil

3. Sh. S.R. Khurana (Chartered Accountant Director) Nil

4. Sh. P. K. Nayar (Officer Director) Nil

5. Sh. M. L. Bagga (Workman Director) Nil

6. Sh. Mushtaq A. Antulay (Appointed by GOI) Nil

7. Sh.Gautam P. Khandelwal (Appointed by GOI) Nil

8 Sh. V.K. Mishra (Appointed by GOI) Nil

9 Sh. T.N. Chaturvedi, Shareholder Director 500

10 Sh. D.K. Singla, Shareholder Director 300

11 Sh. G.R. Sundaravadivel, Shareholder Director 100

6. Compliance of Mandatory/Non Mandatory

requirements

The Bank has complied with the mandatory requirements of Clause

49 of Listing Agreement. In respect of non-mandatory requirements

of the said clause, the Bank has not adopted the same.

foÙk o"kZ 2008&09 ds nkSjku 'ks;j/kjd@ fuos'kd f'kdk;r lfefr dhcSBdksa esa lnL; funs'kdksa dh mifLFkfr ds C;kSjs

Ø- funs'kd vk;ksftr cSBdksa esa

la- dk uke cSBdksa mifLFkr

dh la[;k la[;k

1 Jh ,l- vkj- [kqjkuk 06 062 Jh ds- lh- pØcrhZ 01 01

vè;{k ,oa çca/ funs'kd3 Jh ds- j?kqjkeu] dk;Zdkjh funs'kd* 03 034 Jh ts- ,e- xxZ] dk;Zdkjh funs'kd** 04 045 Jh ,e- oh- Vk¡dlkys dk;Zdkjh funs'kd 'kwU; 'kwU;6 Jh ukxs'k iSM+k] dk;Zdkjh funs'kd 'kwU; 'kwU;7 Mk- g"kZ egktu*** 04 018 Jh Vh- ,u- prqoZsnh 01 01

*30-09-2008 dks in R;kx fd;kA**06-11-2008 dks dkjiksjs'ku cSad ds vè;{k ,oa çca/ funs'kd ds #i esa inksUur gq,A***13-12-2008 ls lnL; ugha gSaA

lwphdj.k djkj ds [kaM 47 ds vuqlj.k esa Jh vkj ds dkspj] daiuh lfpodks vuqikyuk vf/dkjh ds #i esa fu;qDr fd;k gSA

cSad dks foÙkh; o"kZ ds nkSjku 'ks;j/kjdksa ls 609 f'kdk;rsa çkIr gqbZ ftu dkfuiVku fd;k tk pqdk gS vkSj 31-03-2009 dh fLFkfr ds vuqlkj dksbZ Hkhf'kdk;r yfEcr ugha gSA

4- vkpkj lafgrk

cksMZ ds lHkh lnL;ksa rFkk ofj"B çcU/u oxZ ds vf/dkfj;ksa us vkpkj lafgrkvuqikyu dh iqf"V dh gSA bls cSad dh oSclkbV vFkkZr pnbindia.com esa¶gesa tkfu,¸ 'kh"kZd (laxBu lajpuk) ds vUrZxr n'kkZ;k x;k gSA

5- 31-3-2009 dh fLFkfr vuqlkj xSj dk;Zdkjh funs'kdksa dh 'ks;jèkkfjrkdk C;kSjk%

Ø-la- funs'kd dk uke /kfjr 'ks;jksa dh la[;k

1 lqJh jouhr dkSj (Hkkjr ljdkj ds ukferh) 'kwU;

2 Jh ,y- ,e- iQksfUldk (Hkkjrh; fjtoZ cSad ds ukfefr) 'kwU;

3 Jh ,l- vkj- [kqjkuk (lunh ys[kkdkj funs'kd) 'kwU;

4 Jh ih- ds- uk;j (vf/dkjh funs'kd) 'kwU;

5 Jh ,e- ,y- cXxk (deZpkjh funs'kd) 'kwU;

6 Jh eq'krkd ,- vUrqys (Hkkjr ljdkj }kjk fu;qDr) 'kwU;

7 Jh xkSre ih- [k.Msyoky (Hkkjr ljdkj }kjk fu;Dr) 'kwU;

8 Jh oh- ds- feJk (Hkkjr ljdkj }kjk fu;qDr) 'kwU;

9 Jh Vh- ,u- prqoZsnh ('ks;j/kjd funs'kd) 500

10 Jh Mh- ds- flaxyk ('ks;j/kjd funs'kd) 300

11 Jh th- vkj- lqUnjoMhosy ('ks;j/kjd funs'kd) 100

6- vfuok;Z@ xSj&vfuok;Z vis{kkvksa dk vuqikyu

cSad us lwphdj.k djkj dh /kjk 49 dh vfuok;Z vf/ns'kh vis{kkvksa dkvuqikyu fd;k gSA mDr /kjk dh xSj&vfuok;Z vis{kkvksa dks cSad us Lohdkjugha fd;k gS A

PNB 68-89.pmd 6/24/2009, 6:14 PM83

84

7. General Body Meetings

(i) The details of last three Annual General Meetings (AGM) of

shareholders are as follows :

Annual Day & Time Venue

General Date

Meeting

Fifth Monday, 11.30 a.m. FICCI Auditorium,

July 31, 2006 Tansen Marg,

New Delhi–110001

Sixth Monday, 11.30 a.m. FICCI Auditorium,

August 6, 2007 Tansen Marg,

New Delhi–110001

Seventh Monday, 11.30 a.m. FICCI Auditorium,

August 4, 2008 Tansen Marg,

New Delhi–110001

No special resolutions were put through in the above said Annual

General Meetings.

(ii) The Extra-ordinary General Meeting (EGM) of

Shareholders to elect three Directors amongst the

Shareholders other than the Central Government, of the

Bank was held on 26.12.2008 at 11.30 a.m. at FICCI

Auditorium, Tansen Marg, New Delhi 110001.

Postal Ballot –

Bank has not conducted any postal ballot during the last

financial year.

8. Disclosures

8.1 The remuneration of the Chairman & Managing Director and

the Executive Directors is fixed by the Government of India.

The Bank does not pay remuneration to the Non-Executive

Directors except sitting fees fixed by Government of India,

for attending the meetings of the Board or its sub-committees,

which is as under:-

Meeting Fees payable per Meeting (Rs.)

Board 5000/-

Sub-Committee 2500/-

8.2 The Related Party Transactions of the Bank as per RBI / ICAI

guidelines are disclosed in the notes of Accounts (in Schedule

18) of the Balance Sheet as on 31.3.2009.

8.3 No penalties/strictures were imposed on the Bank by SEBI/

Stock Exchanges in respect of matters related to Capital

Market during the last three years.

9. Means of Communication

The information about the operations and financial

performance of the Bank is disseminated on a regular basis

by communicating to the Stock Exchanges (NSE & BSE)

besides through newspapers and website of the Bank

(www.pnbindia.com). Further the following newspapers

mainly covered the Financial Results, Corporate

Advertisements and Notices etc.

7- vke cSBdsa(1) 'ks;j/kjdkss a dh fiNyh rhu okf"kZd vke cSBdksa ds fooj.k bl

çdkj gSa%

okf"kZd fnu ,oa le; LFkku

vke cSBd fnukad

iape lkseokj] 11-30 fiQDdh vkfMVksfj;e31 tqykbZ] 2006 iwokZÞu rkulsu ekxZ

ubZ fnYyh &110 001

NBh lkseokj] 11-30 fiQDdh vkfMVksfj;e6 vxLr] 2007 iwokZÞu rkulsu ekxZ]

ubZ fnYyh & 110 001

lIre lkseokj] 11-30 fiQDdh vkfMVksfj;e4 vxLr] 2006 iwokZÞu rkulsu ekxZ]

ubZ fnYyh & 110 001

mDr okf"kZd vke cSBdksa esa dksbZ fo'ks"k ladYi çLrqr ugha fd, x,A

(ii) dsUæ ljdkj ds funs'kdksa ds vfrfjDr] 'ks;j/kjdksa esa ls rhu funs'kdpquus ds fy, cSad ds 'ks;j/kjdksa dh vlk/kj.k vke cSBd (bZth,e)fnukad 26-12-2008 dks 11-30 cts iwokZÞu esa fiQDdh vkfMVksfj;e]

rkulsu ekxZ] ubZ fnYyh&110 001 esa gqbZ A

Mkd ls erkf/kdkj dk ç;ksx (iksLVy cSyV) & cSad us xr foÙkh; o"kZ

ds nkSjku Mkd }kjk erkf/dkj ds ç;ksx dk dksbZ lapkyu ugha fd;k gSA

8- çdVhdj.k

8-1 vè;{k ,oa çcaa/ funs'kd rFkk dk;Zdkjh funs'kd ds ikfjJfed dk

fu/kZj.k Hkkjr ljdkj }kjk fd;k tkrk gSA xSj dk;Zdkjh funs'kdksa dks

cSBd esa Hkkx ysus dk 'kqYd tks fd ljdkj }kjk fuEukuqlkj fu/kZfjr

gS] ds vfrfjDr vU; dksbZ ikfjJfed ugha fn;k tkrk %&

cSBd çfr cSBd ns; 'kqYd

cksMZ # 5000@&

mi lfefr # 2500@&

8-2 Hkkjrh; fjtoZ cSad@vkbZlh,vkbZ ds fn'kk funZs'kksa ds vuqlj.k esa cSad ds

lEc¼ ikVhZ ysu&nsu 31-3-2009 dh fLFkfr vuqlkj rqyui=k dh

(vuqlwph 18) [kkrksa ds uksV~l esasa n'kkZ, x;s gSaA

8-3 foxr 3 o"kks± ds nkSjku iwath cktkj ls lacaf/r ekeyksa ds laca/ esa

lsch@LVkd ,Dlpsatksa }kjk cSad ij dksbZ n.M@HkRlZuk ugha yxk, x, gSaA

9- lapkj ekè;e

cSad ds lapkyu ,oa foÙkh; dk;Z fu"iknu dh tkudkjh fu;fer

vkèkkj ij LVkd ,Dlpsatksa (,u,lbZ rFkk ch,lbZ) dks nsus ds

l k F k &l k F k le kp k j i = k s a r F k k c S a d d h o s cl k b V

(www.pnbindia.com) ds ekè;e ls nh tkrh gSA blds vfrfjDr

fuEufyf[kr lekpkj i=kks a esa eq[;r% forh; ifj.kke] dkjiksjsV

foKkiu rFkk lwpuk,¡ çdkf'kr djkbZ xbZ %

PNB 68-89.pmd 6/24/2009, 6:14 PM84

85

English Hindi

- Economic Times Hindustan

- Financial Express Navbharat Times

- Hindu Business Line Jansatta

- Business Standard Rashtriya Sahara

- Times of India Dainik Jagaran

- Indian Express Amar Ujala

- Hindustan Times Tribune

- Hindu

- MINT

- Tribune

The presentations made to institutional investors/analysts are placed

on the website of the Bank.

The Annual Report is put on the Bank's website also as a measure

of good Corporate Governance.

10. Shareholders' Information

10.1 Annual General Meeting of the shareholders–

Particulars of the Eighth Annual General Meeting of

the shareholders of the Bank :

Date and Time : Wednesday, 29th

July 2009, 11.30 a.m.

Venue : FICCI Auditorium, Tansen Marg

New Delhi – 110001

10.2 Financial Calendar (Tentative)

Approval of financial results for the quarter/period ending -

June 30, 2009 - End July, 2009.

September 30, 2009 - End October, 2009.

December 31, 2009 - End January, 2010

March 31, 2010 - Audited Annual Accounts

– April/May 2010.

10.3 Dates of Book (Annual Dividend - F.Y. 2008-09 &

Closure Eighth AGM) 06.06.09 to 13.06.09

(both days inclusive)

10.4 Dividend details

Annual Dividend for F.Y. 2008-09 :

The Board of Directors of the Bank in its

meeting held on 20.05.09 recommended

Annual Dividend of Rs.20/- per equity share

of Rs. 10 each i.e, 200% per equity share for

the F.Y. 2008-09, for which 06.06.09 to

13.06.09 has been fixed as Book Closure

Dates for determining the entitlement of

Shareholders/Beneficial owners to receive the

said Annual Dividend, which will be paid

within 30 days of declaration in the AGM.

10.5 Listing on Stock Exchanges:

The shares of the bank are listed on the following Stock Exchanges:

Stock Exchange Stock Code Date of Initial Listing

National Stock Exchange PNB 24.4.2002

of India Limited (NSE)

Bombay Stock Exchange Ltd, (BSE) 532461 25.4.2002

The annual listing fee to NSE & BSE and annual custody charges to

NSDL & CDSL have since been paid upto date.

vaxzsth fgUnh

& bDukfed VkbEl fgUnqLrku& iQkbusaf'k;y ,Dlçsl uoHkkjr VkbEl& fganq fctusl ykbu tulrk& fcftusl LVSaMMZ jk"Vªh; lgkjk& VkbEl vkiQ bafM;k nSfud tkxj.k& bafM;u ,Dlçsl vej mtkyk& fganqLrku VkbEl fVªC;wu& fganq& feUV& fVªC;wu

laLFkkxr fuos'kdksa@fo'ys"kdksa ds le{k fd;s x;s çLrqrhdj.k (çstSUVs'ku)vkfn cSad dh oSclkbV ij fn;s x;s gSa A

vPNs fuxfer 'kklu ds vuq#i okf"kZd fjiksVZ cSad dh oSclkbV ij Hkh nh xbZ gSA

10- 'ks;j/kkjdksa ds fy, lwpuk

10-1 'ks;j/kkjdksa dh okf"kZd vke cSBd&cSad ds 'ks;j/kjdksa dhlkroha okf"kZd vke cSBd ds C;kSjs

frfFk rFkk le; % cq¼okj] 29 tqykbZ] 2009] 11-30 iwokZÞu

LFkku % fiQDdh vkfMVksfj;e] rkulsu ekxZ]ubZ fnYyh & 110 001

10-2 foÙkh; dSys.Mj (lEHkkfor)

fuEukafdr lekIr vof/ gsrq frekgh ifj.kkeksa dk vuqeksnu&

twu 30] 2009 & tqykbZ] 2009 ds var esa

flrEcj 30] 2009 & vDVwcj] 2009 ds var esa

fnlEcj 31] 2009 & tuojh] 2010 ds var esa

ekpZ 31] 2010 & vadsf{kr okf”kZd ys[kk & vçSy@ebZ]2010

10-3 cgh [kkrs can (okf"kZd ykHkka'k&foÙk o"kZ 2008&09djus dh frfFk o 8oha ,th,e) 06-06-2009 ls

13-06-2009 (nksuks fnu feykdj)

10-4 ykHkka'k dk C;kSjkfoÙkh; o"kZ 2008&09 ds fy,

okf"kZd ykHkka'k % cSad ds funs'kd e.My us viuhfnukad 20-05-2009 dks vk;ksftr cSBd esa foÙko"kZ 2008&09 ds fy;s 200% dh nj ls #-10@&ds çR;sd 'ks;j ij #- 20@& çfr 'ks;j okf"kZdykaHkk'k dh ?kks"k.kk dh gS] 'ks;j/kjdksa@ykHkxzkfg;ksadh ik=krk ds fu/kZj.k ds fy;s cgh [kkrs can djusdh rkjh[k 06-06-2009 ls 13-06-2009 rdfu/kZfjr dh x;h gS] ftldk Hkqxrku ,th,e esamldh ?kks"k.kk ds 30 fnuksa ds Hkhrj dj fn;k tk,xkA

10-4 LVkWd ,Dlpsatksa ij lwphdj.k %

cSad ds 'ks;j fuEufyf[kr LVkWd ,Dlpsatksa ij lwphc¼ gSa %&

LVkWd ,Dlpsat LVkWd dksM lwphdj.k dh frfFk

uS'kuy LVkWd ,Dlpsal ih,uch 24-4-2002vkWiQ bafM;k fy-(,u,lbZ)

cEcbZ LVkWd ,Dlpsat fyfeVsM] (ch,lbZ) 532461 25-4-2002

,u,lbZ rFkk ch,lbZ dks okf"kZd lwphdj.k 'kqYd rFkk ,u,lMh,y vkSjlhMh,l,y dks okf"kZd vfHkj{kk 'kqYd v|ru vnk gSA

PNB 68-89.pmd 6/24/2009, 6:14 PM85

86

10.6 Market Price Data/Price performance of Bank's

shares

BSE NSE

2008-09 High Low Volume High Low Volume

(Rs) (Rs) (Nos) (Rs) (Rs) (Nos)

April-08 580.00 483.00 2128660 580.00 474.25 7895570

May 574.80 481.25 4027489 574.80 481.25 14703932

June 510.00 372.50 3215586 498.90 367.00 13735682

July 513.65 332.35 4271075 518.00 330.10 16433148

August 542.00 438.05 4047563 542.90 425.55 14695118

September 530.00 430.00 5864398 530.00 443.00 19572121

October 524.00 374.00 3134089 520.00 373.15 19097106

November 511.95 415.55 3735036 512.00 411.55 15473768

December 539.50 400.00 3899245 539.00 391.10 16993170

Jan.09 544.00 387.35 5295459 547.70 375.25 23057270

February 418.40 311.55 5188226 417.95 300.00 23834547

March 455.00 286.20 9693318 449.85 286.00 51866715

TOTAL 54500144 237358147

During the year price of the share ranged between Rs.286.00 to

Rs.580 and total volume traded at NSE & BSE was 2919 lac shares

as against the floating stock of 1331 lac shares.

10.7 Performance of Bank's share price in comparison with

Bank Nifty.

PNB share is a part of Bank Nifty and has performed as shown

below:

10.8 Per Share Data

2006-07 2007-08 2008-09

Face Value (Rs.) 10/- 10/- 10/-

Market Quotation as on

31st

March -NSE (Rs). 474.20 510.25 411.45

Earnings (Rs.) 48.84 64.98 98.03

Dividend (%) 100.00 130.00 200.00

Dividend (Rs.per equity

share of Rs 10 each) (10.00) (13.00) (20.00)

Book Value (Rs.) 321.65 341.98 416.74

Dividend payout

(% of Net Profit) 20.47 20.01 20.40

10-6 cSad ds 'ks;jksa ds cktkj ewY; vk¡dM+s@ewY; dk;Z fu"iknucEcbZ LVkWd ,Dlpsat jk"Vªh; LVkWd ,Dlpsat

2008-09 mPp U;wu dkjksckj mPp U;wu dkjksckj

(#-) (#-) (ek=k) (#-) (#-) (ek=k)

vçSy] 08 580-00 483-00 2128660 580-00 474-25 7895570

ebZ 574-80 481-25 4027489 574-80 481-25 14703932

twu 510-00 372-50 3215586 498-90 367-00 13735682

tqykbZ 513-65 332-35 4271075 518-00 330-10 16433148

vxLr 542-00 438-05 4047563 542-90 425-55 14695118

flrEcj 530-00 430-00 5864398 530-00 443-00 19572121

vDVwcj 524-00 374-00 3134089 520-00 373-15 19097106

uoEcj 511-95 415-55 3735036 512-00 411-55 15473768

fnlEcj 539-50 400-00 3899245 539-00 391-10 16993170

tuojh]09 544-00 387-35 5295459 547-70 375-25 23057270

Qjojh 418-40 311-55 5188226 417-95 300-00 23834547

ekpZ 455-00 286-20 9693318 449-85 286-00 51866715

dqy 54500144 237358147

o"kZ ds nkSjku 'ks;j dk ewY; #- 286-00 rFkk #- 580 çfr 'ks;j ds chp jgkrFkk ,u,lbZ vkSj ch,lbZ esaa dkjksckj dh dqy ek=kk 2919 yk[k 'ks;j jghtcfd ÝyksfVax LVkd 1331 yk[k 'ks;j jgk A

10-7 ,u ,l bZ fuÝVh rFkk cSad lwpdkad esa ifjorZu ds lkFk cSadds 'ks;j ewY; dk #>kuAih,uch dk 'ks;j cSad fuÝVh dk ,d Hkkx gS rFkk bldk fu"iknufuEu vuqlkj jgk %&

z

10-8 çfr 'ks;j vkadM+k

2006-07 2007-08 2008-09

vafdr ewY; (#-) 10@& 10@& 10@&

31 ekpZ dh fLFkfr vuqlkj 474-20 510-25 411-45cktkj esa m¼`r ,u,lbZ

vk; (#-) 48-84 64-98 98-03

ykHkka'k (») 100-00 130-00 200-00

ykHkka'k (#- #-10 ds çR;sd (10-00) (13-00) (20-00)bfDoVh 'ks;j ij)cgh ewY; (#-) 321-65 341-98 416-74

çnÙk ykHkka'k ('kq¼ ykHk dk ») 20-47 20-01 20-40

PNB 68-89.pmd 6/24/2009, 6:14 PM86

87

10.9 Registrar & Transfer Agent (R&TA)

MCS Ltd., a SEBI registered Registrar and Share Transfer Agent is

the Registrar and Share Transfer Agent of the Bank, which is servicing

the investors at the following address:

MCS Limited

F-65, Ist Floor, Okhla Industrial Area Phase I

New Delhi 110020

Tele. No. 011-41406149/51/52

PNB (Dedicated Line) : 011 - 41709884

Fax 011-41709881

e-mail : [email protected]

PNB (Dedicated e-mail) : [email protected]

10.10 (i) Shares in physical form

Shareholders holding shares in physical form may send

communications regarding transfer of physical shares, transmission

of shares, change of address, change in Bank mandate and ECS

facility etc. directly to R&TA at the above given address.

(ii) Share Transfer System (Physical Shares)

MCS Ltd., the Registrar and Share Transfer Agent, deals with

transfers of shares in physical form. The transfer of physical shares

is effected by the R&TA within the stipulated time on approval by

Share Transfer Committee of the Bank.

10.11 Shares in Demat form.

(i) The Bank's shares are traded compulsorily in Demat

mode under ISIN code INE 160A01014. The National

Securities Depository Ltd, (NSDL) and the Central

Depository Services Ltd. (CDSL) are the depositories

holding the Bank's share in Demat form.

(ii) Shareholders holding shares in Dematerialized form, in case of

change in address for communications, Bank mandate, ECS

facility etc. are requested to inform directly to their Depository

Participants. This will ensure correct and timely receipt of all

communications & beneficial interests by them.

10.12 Shareholding and Distribution Pattern as on 31st

March 2009

(i) Shareholding Pattern

Shareholders' Category %age shares held

President of India 57.80

FIIs/NRIs/OCBs 14.89

Banks/Financial Institutions/Insurance Companies 15.51

Mutual Funds 5.54

Domestic Companies/Trusts 1.60

Indian Public/Resident Individuals 4.66

Total 100.00

(ii) No. of shareholders as on 31.3.2009 234450

(iii) Nominal value of each share Rs.10/-

iv) Distribution Pattern

No. of %age Shareholding No. Amount %age

Shareholders of of Nominal of (Rs.) to

Total Value of Rs. Shares Total

231457 98.72 Upto 500 12660416 126604160 4.02

2021 0.86 501 to 1000 1401973 14019730 0.44

345 0.15 1001 to 2000 500341 5003410 0.16

10-9 jftLVªkj ,oa vUrj.k ,tsaV

,e lh ,l fy-] tks fd lsch esa iathÑr jftLVªkj ,oa vUrj.k ,ts.V gSa] cSadds jftLVªkj ,oa vUrj.k ,ts.V gSa tks fd fuos'kdksa dks fuEu irs ls lsok,amiyC/ djk jgs gSa%&

,e lh ,l fyfeVsM,iQ&65] igyh eafty] vks[kyk baMLVªh;y ,fj;kiQst&A] ubZ fnYyh&110020nwjHkk"k la- 011&41406149@51@52ih ,u ch (vHkh"V ykbu) 011&41709884iQSDl la- 011&41709881bZ&esy % [email protected]

ih ,u ch (vHkh"V bZ&esy) % [email protected]

10-10 (i) ewrZ :i esa 'ks;j

ftu 'ks;j/kjdksa ds ikl 'ks;j ewrZ :i esa gSa os ewrZ :i esa 'ks;jksa dsvUrj.k] 'ks;jksa ds çs"k.k] irs esa ifjorZu vkSj cSad&fodYi esaifjorZu rFkk bZlh,l lqfo/k vkfn ds laca/ esa jftLVªkj ,oa vUrj.k,ts.V ls mDr fn, x, irs ij lh/s i=kpkj djsaa A

(ii) 'ks;j varj.k ç.kkyh (ewrZ :i esa 'ks;j)

jftLVªkj rFkk 'ks;j varj.k ,tsaV eS- ,elh,l fyfeVsM ewrZ #i esa'ks;j varj.k dk dk;Z ns[krs gSaA 'ks;j varj.k lfefr ds vuqeksnu dsckn jftLVªkj ,oa 'ks;j varj.k ,tsUV }kjk fu/kZfjr le; ds HkhrjewrZ 'ks;j vUrfjr dj fn;s tkrs gSa A

10-11 MhesV iQkeZ esa 'ks;j

(i) cSad ds 'ks;jksa dk dkjksckj vfuok;Zr% MheSV #i esa vkbZ ,l vkbZ ,udwV vkbZ ,u bZ 160, 01014 ds vUrxZr fd;k tkrk gS A nh uS'kuyflD;wfjVht fMikftVjh fy- (,u ,l Mh ,y) rFkk lSUVªy fMikftVjhlfoZlst fyfeVsM (lh Mh ,l ,y) fMikftVjh esa cSad ds 'ks;jMhesV #i esa j[ks x;s gSa A

(ii) 'ks;j/kjd ftuds ikl 'ks;j MheSV #i esa gSa muls vuqjks/ gS fd osvius irs] cSad fodYi vkSj bZlh,l lqfo/k vkfn esa ifjorZu dslEca/ esa lh/k vius fMikftVjh lg;ksxh (ikfVZflisaV) dks lwfprdjsaA blls lHkh lans'kksa@fgrksa dh Bhd ,oa le; ij çkfIr lqfuf'prgks ldsxhA

10-12 31 ekpZ] 2009 dh fLFkfruqlkj 'ks;j/kfjrk rFkk forj.k iSVªu

(i) 'ks;j/kfjrk iSVªu

'ks;j/kjdksa dh Js.kh /kfjr 'ks;jksa dh çfr'krrk

Hkkjr ds jk"Vªifr 57-80,iQvkbZvkbZ@,uvkjvkbZ@vkslhch 14-89cSad@foÙkh; laLFkk,a@chek dEifu;ka 15-51E;wP;qvy iQ.M 5-54Hkkjrh; dEifu;ka@VªLV 1-60Hkkjrh; tulk/kj.k@çoklhtu 4-66

tksM+ 100-00

(ii) 31-3-2009 dh fLFkfr vuqlkj 'ks;j/kjdksa dh la[;k 234450

(iii) çR;sd 'ks;j dk lkadsfrd ewY; #-10@&

(iv) forj.k iSVªu'ks;j&/kjdksa dh la[;k

'ks;j /kjdksa dqy 'ks;jksa dk 'ks;jksa jkf'k dqydh la[;k dk lkadsfrd dh (#-) dk

izfr'kr ewY; la[;k izfr'kr

231457 98-72 500 rd 12660416 126604160 4-022021 0-86 501 ls 1000 rd 1401973 14019730 0-44345 0-15 1001 ls 2000 rd 500341 5003410 0-16

PNB 68-89.pmd 6/24/2009, 6:14 PM87

88

No. of %age Shareholding No. Amount %age

Shareholders of of Nominal of (Rs.) to

Total Value of Rs. Shares Total

107 0.05 2001 to 3000 262177 2621770 0.08

51 0.02 3001 to 4000 183025 1830250 0.06

37 0.02 4001 to 5000 169365 1693650 0.05

73 0.03 5001 to 10000 545652 5456520 0.17

140 0.06 10001 to 50000 3559444 35594440 1.13

55 0.02 50001 to 100000 4116770 41167700 1.31

164 0.07 100001 and above 291903337 2919033370 92.58

Total:234450 100.00 315302500 3153025000 100.00

Details of shares held by the Shareholders in Physical &

Demat form as on 31.3.2009:

S. Particulars No. of No. of %

No. Shareholders Shares Shareholding

1. Physical 14000 2279492 00.72

2. Demat of which 220450 313023008 99.28

i) NSDL 180063 128481157 40.75

ii) CDSL 40387 184541851 58.53

Total (1+2) 234450 315302500 100.00

10.13 Geographical spread of Shareholders as on

31.03.2009

Places Physical Demat Total

Number of % Number of % Number of %

Share Shares Hold Share Shares Hold Share Shares Hold

holders Held ing holders Held ing holders Held ing

NCR Delhi

GOI 0 0 0.000 1 182241300 57.799 1 182241300 57.799

Others 1479 201390 0.064 25521 1989551 0.631 27000 2190941 0.695

Mumbai 706 116823 0.037 29802 118494718 37.581 30508 118611541 37.618

Kolkatta 440 81237 0.026 8018 513893 0.163 8458 595130 0.189

Chennai 644 110616 0.035 7991 1097737 0.348 8635 1208353 0.383

All Other Places 10731 1769426 0.561 149117 8685809 2.755 159848 10455235 3.316

Total 14000 2279492 0.723 220450 313023008 99.277 234450 315302500 100.000

10.14 Bank has not issued any GDRs/ADRs/Warrants or

any convertible instruments.

10.15 Address for Correspondence

i) The Company Secretary

Punjab National Bank

Share Department – 2nd

floor

Head Office

5, Sansad Marg, New Delhi 110001

OR

Post Box No.75, G.P.O., New Delhi 110001

ii) Tel. No. 011- 23323654, 23323657.

iii) Tele. Fax : 011-23711663

iv) e-mail : [email protected]

For and on behalf of Board of Directors

Place: New Delhi (Dr. K.C. Chakrabarty)

Date: May 20, 2009 Chairman & Managing Director

'ks;j /kjdksa dqy 'ks;jksa dk 'ks;jksa jkf'k dqydh la[;k dk lkadsfrd dh (#-) dk

izfr'kr ewY; la[;k izfr'kr

107 0-05 2001 ls 3000 rd 262177 2621770 0-0851 0-02 3001 ls 4000 rd 183025 1830250 0-0637 0-02 4001 ls 5000 rd 169365 1693650 0-0573 0-03 5001 ls 10000 rd 545652 5456520 0-17140 0-06 10001 ls 50000 rd 3559444 35594440 1-1355 0-02 50001 ls 100000 rd 4116770 41167700 1-31164 0-07 100001 vkSj vf/d 291903337 2919033370 92-58

dqy 234450 100-00 315302500 3153025000 100-00

31-3-2009 ds vuqlkj 'ks;j/kjdksa }kjk ewrZ #i esa rFkk vewrZ (MhesV)#i esa /kfjr 'ks;jksa dk fooj.k%Ø- fooj.k 'ks;j/kjdkas 'ks;jkas dh 'ks;j/kfjrkla- dh la[;k la[;k dk çfr'kr

1 ewrZ #i esa 14000 2279492 00-72

2 Mh eSV #i esa 220450 313023008 99-28

i) ,u,lMh,y 180063 128481157 40-75

ii) lhMh,l,y 40387 184541851 58-53

dqy (1$2) 234450 315302500 100-00

10-1331-03-2009 dh fLFkfr vuqlkj HkkSxksfyd vk/kj ij 'ks;j/kjdksadh fLFkfr LFkkuLFkku ewrZ :i esa vewrZ :i esa dqy la[;k /kfjrk la[;k /kfjrk la[;k /kfjrk 'ks;j 'ks;j dk 'ks;j 'ks;j dk 'ks;j 'ks;j dk

/kjd /kfjrk izfr'kr /kjd /kfjrk izfr'kr /kjd /kfjrk izfr'kr

,ulhvkj fnYyh

Hkkjr ljdkj 0 0 0-000 1 182241300 57-799 1 182241300 57-799

vU; 1479 201390 0-064 25521 1989551 0-631 27000 2190941 0-695

eqEcbZ 706 116823 0-037 29802 118494718 37-581 30508 118611541 37-618

dksydÙkk 440 81237 0-026 8018 513893 0-163 8458 595130 0-189

pSUubZ 644 110616 0-035 7991 1097737 0-348 8635 1208353 0-383

vU; lHkh LFkku 10731 1769426 0-561 149117 8685809 2-755 159848 10455235 3-316

dqy 14000 2279492 0-723 220450 313023008 99-277 234450 315302500 100-00

10-14 cSad us dksbZ Hkh thMhvkj@,[email protected] vFkok dksbZ HkhifjorZuh; foys[k tkjh ugha fd;k gSA

10-15 i=kkpkj dk irk %&

i) dEiuh lfpoiatkc uS'kuy cSad'ks;j foHkkx] f}rh; ryç/ku dk;kZy;]5] laln ekxZ] ubZ fnYyh & 110001 vFkokiksLV cSx la-75] th ih vks] ubZ fnYyh & 110001nwjHkk"k la- 011 & 23323654] 23323657VsyhiQSDl 011 & 23711663bZ&esy % [email protected]

funs'kd e.My ds fy, rFkk mudh vksj l s

LFkku % ubZ fnYyh (Mk- ds- lh- pØcrhZ)fnukad % 20 ebZ] 2009 vè;{k ,oa izca/ funs'kd

PNB 68-89.pmd 6/24/2009, 6:14 PM88

89

Auditors' Certificate

To the members of Punjab National Bank

We have examined the compliance of conditions of Corporate

Governance by Punjab National Bank for the year ended on 31st

March 2009, as stipulated in Clause 49 of the Listing Agreement

of the Bank with Stock Exchanges.

The compliance of conditions of Corporate Governance is the

responsibility of the Management. Our examination was limited

to procedures and implementation thereof, adopted by the Bank

for ensuring the compliance of the condition of 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 the

above mentioned Listing Agreement to the extent these do not

violate RBI guidelines.

We state that no investor grievance is pending for a period

exceeding one month against the Bank as per the records maintained

by the Shareholders/Investors Grievances Committee.

We further 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 and on behalf of

M/s V Sankar Aiyar & Co. M/s N C Rajagopal & Co.

Chartered Accountants Chartered Accountants

(R Raghuraman) (V Chandrasekaran)

Partner Partner

Membership No. 81350 Membership No. 24844

M/s Gupta & Gupta M/s P Jain & Co.


(S B Gupta) (Pankaj Jain)

Partner Partner

Membership No. 06099 Membership No. 97279

M/s Kalani & Co. M/s Anjaneyulu & Co.


(Vikas Gupta) (D. V. Anjaneyulu)

Parnter Partner

Membership No.77076 Membership No. 021036

Place: New Delhi

Date: 20 May 2009.

ys[kkijh{kdksa dk çek.ki=k

itkac uS'kuy cSad ds lnL;x.k

geus cSad ds 'ks;j cktkj ds lkFk gq, lwphc} vuqca/ ds [kaM 49 esa ;Fkk

fufnZ"V 31 ekpZ 2009 dks lekIr gq, o"kZ ds fy;s dkikZsjsV fu;eu dh 'krks±

dk itkac uS'kuy cSad }kjk vuqikyu fd, tkus dh tk¡p dh gSA

dkikZsjsV fu;eu dh 'krkZs ds vuqikyu dh ftEesnkjh çca/u dh gSA gekjh

tkap dkikZsjsV fu;eu dh 'krks± ds vuqikyu ds lqfup; gsrq cSad }kjk vaxhÑr

dk;Zi}fr;ksa rFkk muds fØ;kUo;u rd gh lhfer gSA ;g u rks ys[kk ijh{kk

gS vkSj u gh cSad dh foÙkh; foojf.k;ksa ij jk; dh vfHkO;fDr gSA

gekjh jk; esa rFkk gesa nh x;h lwpuk ,oa gesa fn;s x;s Li"Vhdj.kksa ds vuqlkj

ge çekf.kr djrs gSa fd cSad us mi;qZDr mfYyf[kr lwphc} djkj esa

;FkkfufnZ"V dkikZsjsV fu;eu dh 'krks± dk bl lhek rd vuqikyu fd;k gS fd

muls Hkk-fj- cSad ds ekxZfunZs'kksa dk mYy?kau ugha gksrk gSA

ge lwfpr djrs gSa fd 'ks;j/kjdksa@fuos'kdksa dh f'kdk;r lfefr }kjk j[ks x,

fjdkMZ ds vuqlkj fdlh fuos'kd dh cSad ds fo#} dksbZ f'kdk;r ,d ekg

ls vf/d ls yfEcr ugha iM+h gSA

ge ;g Hkh lwfpr djrs gSa fd bl çdkj dk vuqikyu u rks cSad dh Hkkoh

O;ogk;Zrk vkSj u gh çca/u }kjk cSad dk dkedkt pykus esa mldh n{krk

vFkok çHkko'khyrk ds çfr dksbZ vk'oklu nsrk gSA

Ñrs rFkk fuEu dh vksj ls

eS- oh- ladj vk;j ,aM dEiuh eS- ,u- lh- jktkxksiky ,.M d-lunh ys[kkdkj lunh ys[kkdkj

(vkj j?kqjeu) (oh pUæ'ks[kju)lk>snkj lk>snkjlnL;rk la[;k % 81350 lnL;rk la[;k % 24844

eS- xqIrk ,.M xqIrk eS- ih- tSu ,.M d-lunh ys[kkdkj lunh ys[kkdkj

(,l- ch- xqIrk) (iadt tSu)lk>snkj lk>snkjlnL;rk la[;k % 06099 lnL;rk la[;k % 97279

eS- dkykuh ,aM da- eS- vatku;qyq ,aM da-lunh ys[kkdkj lunh ys[kkdkj

(fodkl xqIrk) (Mh-oh- vatku;qyq)lk>snkj lk>snkjlnL;rk la[;k % 77076 lnL;rk la[;k % 021036

LFkku % ubZ fnYyhfnukad % 20 ebZ] 2009

PNB 68-89.pmd 6/24/2009, 6:14 PM89

PNB 90-135.pmd 6/24/2009, 6:03 PM90

PNB 90-135.pmd 6/24/2009, 6:03 PM91

92

31 ekpZ] 2009 dh fLFkfr ds vuqlkj rqyu&i=k

BALANCE SHEET AS ON 31ST MARCH, 2009

(#i;s 000 dks NksM+ fn;k x;k gS) (Rs.000 omitted)

vuqlwph 31-03-2009 dks 31-03-2008 dksSchedule As on 31.03.09 As on 31.03.08

iawth vkSj ns;rk,aCAPITAL & LIABILITIES

iawthCapital 1 3153025 3153025

çkjf{kr fuf/ vkSj vf/'ks"kReserves & Surplus 2 143383271 120030439

tekjkf'k;kaDeposits 3 2097604967 1664572260

m/kjBorrowings 4 43743633 54465596

vU; ns;rk,a vkSj çko/kkuOther Liabilities and Provisions 5 181301277 147982286

tksM+ / TOTAL 2469186173 1990203606

vkfLr;kaASSETS

Hkkjrh; fjt+oZ cSad ds ikl udnh vkSj tek 'ks"kCash & Balances with Reserve Bank of India 6 170582536 152581517

cSadksa ds ikl tek 'ks"k vkSj ekax rFkk vYi lwpuk ij çkI; /uBalances with Banks & Money at call & short notice 7 43548908 35725721

fuos'kInvestments 8 633851803 539917050

vfxzeAdvances 9 1547029887 1195015662

vpy vkfLr;kaFixed Assets 10 23971073 23155219

vU; vkfLr;kaOther Assets 11 50201966 43808437

tksM+ / TOTAL 2469186173 1990203606

vkdfLed ns;rk,aContingent Liabilities 12 1036502461 969515048

olwyh ds fy, fcyBills for Collection 75618402 71045594

çeq[k ys[kk fof/ laca/h uhfr;kaSignificant Accounting Policies 17

ys[kksa ls lacaf/r fVIif.k;kaNotes on Accounts 18

1 ls 18 rd dh vuqlwfp;ka lacaf/r ys[kksa dk vko';d fgLlk gSAThe Schedules 1 to 18 form an integral part of the Accounts.

,l-ih- jktk vf'ouh pM~<k ds-oh-ch,u- jko ,l- jaxukFku ,e-o- Vk¡dlkys ukxs'k iSM+k Mk- ds-lh- pØcrhZeq[; çc/ad lgk- egkçcU/d miegkçcU/d egkçcU/d dk;Zdkjh funs'kd dk;Zdkjh funs'kd vè;{k ,oa çcU/ funs'kd

S.P. RAJA ASHWANI CHADHA K.V.Bn. RAO S. RANGANATHAN M. V. TANKSALE NAGESH PYDAH DR. K. C. CHAKRABARTY

CHIEF MANAGER ASSTT. GEN. MANAGER DY. GEN. MANAGER GEN. MANAGER EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR CHAIRMAN & MANAGING DIRECTOR

jouhr dkSj ,y-,e- iQksalsdk ,l-vkj- [kqjkuk ,e-,y- cXxk ,e-,- varqys th-ih- [kaMsyoky oh-ds- feJk Vh-,u- prqoZsnh Mh-ds- flaxyk th-vkj- lqUnjoMhosyfuns'kd funs'kd funs'kd funs'kd funs'kd funs'kd funs'kd funs'kd funs'kd funs'kd

RAVNEET KAUR L.M. FONSECA S.R. KHURANA M.L. BAGGA M. A. ANTULAY G.P. KHANDELWAL V.K. MISHRA T. N. CHATURVEDI D.K. SINGLA G.R. SUNDARAVADIVEL

DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR

gekjh lefrfFk dh fjiksVZ ds vuqlkj @ As per our Report of even date

d`rs oh ladj vÕ;j ,.M daú d`rs ,u lh jktxksiky ,.M daú d`rs xqIrk ,.M xqIrk d`rs ih tSu ,.M daú Ñrs dykuh ,.M daú Ñrs vkatus;qyq ,.M daúlunh ys[kkdkj lunh ys[kkdkj lunh ys[kkdkj lunh ys[kkdkj lunh ys[kkdkj lunh ys[kkdkj(vkj j?kqjkeu) (oh pUnz'ks[kj.k) (,l ch xqIrk) (iadt tSu) (fodkl xqIrk) (Mh oh vkatus;qyqq)

lk>snkj lk>snkj lk>snkj lk>snkj lk>snkj lk>snkjFOR V SANKAR AIYAR & CO FOR N C RAJAGOPAL & CO FOR GUPTA & GUPTA FOR P JAIN & CO FOR KALANI & CO. FOR ANJANEYULU & CO.

CHARTERED ACCOUNTANTS CHARTERED ACCOUNTANTS CHARTERED ACCOUNTANTS CHARTERED ACCOUNTANTS CHARTERED ACCOUNTANTS CHARTERED ACCOUNTANTS

(R RAGHURAMAN) (V CHANDRASEKARAN) (S B GUPTA) (PANKAJ JAIN) (VIKAS GUPTA) (D V ANJANEYULU)

PARTNER PARTNER PARTNER PARTNER PARTNER PARTNER

fnukad@Date : 20.05.2009

LFkku% ubZ fnYyh@Place : New Delhi

PNB 90-135.pmd 6/24/2009, 6:03 PM92

93

31 ekpZ] 2009 dks lekIr o"kZ gsrq ykHk&gkfu [kkrk

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH,2009


vuqlwph 31-03-2009 dks lekIr o"kZ 31-03-2008 dks lekIr o"kZSchedule Year ended 31.03.09 Year ended 31.03.08

I. vk;INCOME

vftZr C;ktInterest earned 13 193261630 142650176

vU; vk;Other Income 14 29196896 19975606

tksM+ @ TOTAL 222458526 162625782

II. O;;EXPENDITURE

[kpZ fd;k C;ktInterest expended 15 122953036 87308619

ifjpkyu [kpZOperating expenses 16 42062017 35254771

izko/ku vkSj vkdfLedrk,¡Provisions and Contingencies 26534663 19574761

tksM+ @ TOTAL 191549716 142138151

III. ykHk & vof/ ds fy, 'kq¼ ykHkPROFIT - Net Profit for the Period 30908810 20487631

tksMs+a% ykHk gkfu [kkrs esa tek'ks"kAdd: Balance in Profit & Loss A/c 0 155173

tksMa+s% vU; izkjf{kr fuf/;ksa ls vUrfjrAdd: Transferred from other Reserves 0 0

fofu;kstu gsrq miyC/ ykHkProfit Available for Appropriation 30908810 20642804

IV. fofu;kstuAPPROPRIATIONS

fuEufyf[kr dks vUrj.k%Transfer to :

lafof/d izkjf{kr fuf/;kaStatutory Reserves 7727203 5121907

iwath izkjf{kr fuf/;kaCapital Reserves 2756342 839448

jktLo rFkk vU; izkjf{kr fuf/;kaRevenue & Other Reserves 11900000 9885902

o"kZ 2008&09 dk vafre çLrkfor ykHkka'kFinal Dividend Proposed for the Year 2008-09 6306050 0

o"kZ 2008&09 ds çLrkfor ykHkka'k ij djTax on Dividend Proposed for the Year 2008-09 1071713 0

varfje ykHkka'kInterim Dividend 0 0

izLrkfor ykHkka'k 2007&08Proposed Dividend 2007-08 0 4098933

ykHkka'k dj 2007&08Tax on Dividend 2007-08 0 696614

fuos'k izkjf{kr [kkrkInvestment Reserve Account 1071089 0

ykHk o gkfu ys[ks esa 'ks"kBalance in Profit & Loss Account 76413 0

tksM+ @ TOTAL 30908810 20642804

çfr 'ks;j vtZu (#-) (ewy@ruqd`r)Earning Per Share (Rs.) (Basic/Diluted) 98.03 64.98

izeq[k ys[kk&fof/ laca/h uhfr;kaSignificant Accounting Policies 17

ys[kksa ls lacaf/r fVIif.k;kaNotes on Accounts 18

,l-ih- jktk vf'ouh pM~<k ds-oh-ch,u- jko ,l- jaxukFku ,e-o- Vk¡dlkys ukxs'k iSM+k Mk- ds-lh- pØcrhZeq[; çc/ad lgk- egkçcU/d miegkçcU/d egkçcU/d dk;Zdkjh funs'kd dk;Zdkjh funs'kd vè;{k ,oa çcU/ funs'kdS.P. RAJA ASHWANI CHADHA K.V.Bn. RAO S. RANGANATHAN M. V. TANKSALE NAGESH PYDAH DR. K. C. CHAKRABARTY


jouhr dkSj ,y-,e- iQksalsdk ,l-vkj- [kqjkuk ,e-,y- cXxk ,e-,- varqys th-ih- [kaMsyoky oh-ds- feJk Vh ,u prqoZsnh Mh-ds- flaxyk th-vkj- lqUnjoMhosyfuns'kd funs'kd funs'kd funs'kd funs'kd funs'kd funs'kd funs'kd funs'kd funs'kd

RAVNEET KAUR L.M. FONSECA S.R. KHURANA M.L. BAGGA M. A. ANTULAY G.P. KHANDELWAL V.K. MISHRA T. N. CHATURVEDI D.K. SINGLA G.R. SUNDARAVADIVEL



d`rs oh ladj vÕ;j ,.M daú d`rs ,u lh jktxksiky ,.M daú d`rs xqIrk ,.M xqIrk d`rs ih tSu ,.M daú Ñrs dykuh ,.M daú Ñrs vkatus;qyq ,.M daúlunh ys[kkdkj lunh ys[kkdkj lunh ys[kkdkj lunh ys[kkdkj lunh ys[kkdkj lunh ys[kkdkj(vkj j?kqjkeu) (oh pUnz'ks[kj.k) (,l ch xqIrk) (iadt tSu) (fodkl xqIrk) (Mh oh vkatus;qyqq)



(R RAGHURAMAN) (V CHANDRASEKARAN) (S B GUPTA) (PANKAJ JAIN) (VIKAS GUPTA) (D V ANJANEYULU)




PNB 90-135.pmd 6/24/2009, 6:03 PM93

94

vuqlwph 1 &iawth

SCHEDULE 1 - CAPITAL


31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

çkf/d`r

çR;sd #- 10 ds 150]00]00]000 bfDoVh 'ks;j

Authorised

150,00,00,000 Equity Shares of Rs. 10 each 15000000 15000000

tkjh rFkk vfHknÙk

çR;sd #- 10 ds 31] 53] 02] 500 bfDoVh 'ks;j

(xr o"kZ 31] 53] 02] 500)

Issued & Subscribed

31,53,02,500 (Previous year 31,53,02,500 ) 3153025 3153025

Equity Shares of Rs. 10 each

çnÙk

çR;sd #- 10 ds 31] 53] 02] 500 bfDoVh 'ks;j

(xr o"kZ 31] 53] 02] 500)

(dsaæh; ljdkj }kjk /kfjr çR;sd #- 10 ds 18] 22] 41] 300 bfDoVh 'ks;j 'kkfey gSa

(xr o"kZ 18] 22] 41] 300)

Paid Up

31,53,02,500 (Previous year 31, 53, 02, 500 ) 3153025 3153025

Equity Shares of Rs. 10 each

(includes 18,22,41,300 Equity Shares

(Previous year 18,22,41,300) of Rs. 10 each

held by Central Government )

TOTAL / tksM+ 3153025 3153025

vuqlwph 2 &izkjf{kr fuf/;ka vkSj vf/'ks"k

SCHEDULE 2 - RESERVES & SURPLUS


31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

I. lkafof/d çkjf{kr fuf/;kaStatutory Reserves

çkjfEHkd 'ks"kOpening Balance 28006095 22884188

o"kZ ds nkSjku o`f¼Addition during the year 7727203 5121907

35733298 28006095

II. iawthxr çkjf{kr fuf/;ka

Capital Reserves

d)iqueZwY;u çkjf{kr fuf/a) Revaluation Reserve



o"kZ ds nkSjku dVkSfr;ka(lEifRr ds iquewZY;u Hkkx ij ewY;ßkl)Deduction during the year 219546 219546

(being depreciation on revalued portion of property)

vU; çkjf{kfr;ksa esa varj.kTransfer to Other Reserves 0 0

15137407 15356953

tkjh---@ Contd.

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31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

[k) vU;b) Others



5954333 3197991

III. 'ks;j çhfe;eShare Premium



o"kZ ds nkSjku dVkSfr;kaDeduction during the year 0 0

20114285 20114285

IV. jktLo rFkk vU; çkjf{kr fuf/;kaRevenue and other Reserves

d)fuos'k çkjf{kr fuf/ [kkrka) Investment Reserve Account


tksM+sa % ykHk o gkfu fofu;kstu ys[ks ls varj.kAdd :Transfer from P&L Appropriation A/c 1071089 0

1071089 0

[k)fofue; ?kV&c<+ çkjf{kr fuf/b) Exchange Fluctuation Reserve


?kVk;sa % o"kZ ds nkSjku vkgfjr ('kq¼)Less : Withdrawn during the year (Net) 0 229

tksM+sa % o"kZ ds nkSjku o`f¼ (fuoy)Add: Addition during the year (Net) 41469 0

47785 6316

x) vU; çkjf{kr fuf/ c) Other Reserve



?kVk;sa % ykHk o gkfu fofu;kstu ys[ks dks varj.kLess:Transferred to Profit & loss appropriation A/c 0 0

?kVk;sa % laØe.k'khy ns;rk (ys[kkekud&15 la-)Less : Transitory Liability (AS-15 R) 0 9281000

?kVk;sa % vo#¼ [kkrksa ds fy, HkqxrkuLess: Payment for blocked accounts 138 480

65248661 53348799

?k) vkLFkfxr dj çkjf{kr fuf/ d) Deferred Tax Reserve



V. ykHk&gkfu ys[ks esa 'ks"kBalance in Profit & Loss Account 76413 0

TOTAL OF I,II,III,IV,V dk tksM+ 143383271 120030439

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vuqlwph 3 & tekjkf'k;ka

SCHEDULE 3 - DEPOSITS


31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

I. d) ekax tekjkf'k;ka A) Demand Deposits

i) cSadksa lsFrom Banks 14386270 15428726

ii) vU;ksa lsFrom Others 173752758 162482832

188139028 177911558

II. cpr cSad tekjkf'k;kaSavings Bank Deposits 626460090 537697066

III. eh;knh tekjkf'k;kaTerm Deposits

(i) cSadksa ls From Banks 42582177 17584628

(ii) vU;ksa ls From Others 1240423672 931379008

1283005849 948963636

I, II o III dk tksM+TOTAL I, II & III 2097604967 1664572260

[k) (i) Hkkjr esa fLFkr 'kk[kkvksa dh tekjkf'k;ka B) Deposits of branches in India 2070133626 1663543574

(ii) Hkkjr ls ckgj fLFkr 'kk[kkvksa dh tekjkf'k;kaDeposits of branches outside India 27471341 1028686

Total B (i) & (ii) @ [k (i) vkSj (ii) dk tksM+ 2097604967 1664572260

vuqlwph 4 & m/kj

SCHEDULE 4 - BORROWINGS


31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

I. Hkkjr esa m/kjBorrowings in India

(i) Hkkjrh; fjt+oZ cSadReserve Bank of India 0 21500000

(ii) vU; cSadOther Banks 354241 344837

(iii) vU; laLFkk,a vkSj ,tsafl;kaOther Institutions and Agencies 3343097 1598891

II. Hkkjr ds ckgj m/kjBorrowings outside India 40046295 31021868

I vkSj II dk tksM+@ Total I & II 43743633 54465596

mi;qZDr I ,oa II esa 'kkfey izfrHkwr m/kjSecured Borrowings included in I & II above 0 21500000

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vuqlwph 5 &vU; ns;rk,a vkSj izko/ku

SCHEDULE 5 - OTHER LIABILITIES AND PROVISIONS


31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

I. ns; fcyBills Payable 26446984 21130835

II. var% dk;kZy; lek;kstu ('kq¼)Inter-Office adjustments (net) 1616481 3860430

III. izksn~Hkwr C;ktInterest accrued 3244162 3247503

IV. vçfrHkwr izfrns; ckWMd) (Vh;j II dh iwath ds xkS.k Í.k)Unsecured Redeemable Bonds

a) (Subordinate debts for Tier II Capital)

Ükà[kyk la- C;kt nj ifjiDork frfFkSeries No. Interest Rate Date of Maturity

VI 10.00% 01.04.08 0 3000000

VIII 8.30% 18.04.09 950000 950000

VIII 8.80% 18.04.12 2950000 2950000

IX 5.80% 04.05.13 2650000 2650000

X 5.90% 08.06.13 5000000 5000000

XI 8.45% 16.04.16 8848000 8848000

XII 9.15% 16.04.16 1150000 1150000

XIII 8.95% 08.04.16 5000000 5000000

[k)vij Vh;j II ck¡Mb) Upper Tier-II Bonds

I 8.80% / 9.30% 08.12.21 5000000 5000000

II 9.35% / 9.85% 12.12.22 5000000 5000000

III 9.35% / 9.85% 05.03.23 5100000 5100000

IV 9.45% / 9.95% 27.03.23 6000000 6000000

V 10.85% / 11.35% 29.09.23 5000000 0

VI 8.95% / 9.45% 22.12.23 5000000 0

VII 9.15% / 9.65% 18.02.24 10000000 0

x) Vh;j&I ck¡M (csfe;knh ½.k fy[kr)c) Tier-I Bonds (Perpetual & Debt Instruments)

I 10.40% / 10.90% 5000000 5000000

II 9.75% / 10.25% 3000000 3000000

III 9.45% / 9.95% 3000000 3000000

IV 8.90% / 9.40% 2205000 80853000 0 61648000

V. vkLFkfxr dj ns;rk ('kq¼)Deferred Tax Liability (Net) 0 0

VI. vU; (çko/kuksa lfgr)Others (including Provisions) 69140650 58095518

Total of I, II, III, IV, V, VI dk tksM+ 181301277 147982286

vuqlwph 6 &Hkkjrh; fjt+oZ cSad ds ikl udnh vkSj 'ks"k

SCHEDULE 6 - CASH AND BALANCES WITH RESERVE BANK OF INDIA


31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

I. gkFk esa udnh (fons'kh eqnzk uksV lfgr)Cash in hand (including foreign currency notes) 16287553 14421345

II. Hkkjrh; fjt+oZ cSad ds ikl 'ks"kBalance with Reserve Bank of India

pkyw [kkrs esaIn Current Account 154294983 138160172

vU; [kkrkas esaIn other Account 0 0

Total of I, II dk tksM+ 170582536 152581517

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98

vuqlwph 7 &cSadksa ds ikl 'ks"k rFkk ekax vkSj vYi lwpuk ij /u

SCHEDULE 7 - BALANCE WITH BANKS & MONEY AT CALL & SHORT NOTICE


31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

I. Hkkjr esaIn India

(i) cSadksa ds ikl 'ks"kBalances with Banks

(d) pkyw [kkrksa esa(a) In Current Accounts 9405944 7311576

([k) vU; tek [kkrksa esa(b) In Other Deposit Accounts 16901000 18319258

26306944 25630834

(ii) ekax vkSj vYi lwpuk ij /uMoney at Call and Short Notice

(d) cSadksa ds ikl( a ) with Banks 0 0

([k) vU; laLFkkvksa ds ikl( b ) with Other Institutions 208900 208900 0 0

tksM+ @ TOTAL 26515844 25630834

II. Hkkjr ls ckgjOutside India

(i) cSadksa ds ikl 'ks"kBalances with Banks

(d) pkyw [kkrksa esa( a ) In Current Accounts 3025482 4367492

([k) vU; tek [kkrksa esa( b ) In Other Deposit Accounts 12120412 1507645

(ii) ekax vkSj vYi lwpuk ij /uMoney at Call & Short Notice 1887170 4219750

tksM+ @ TOTAL 17033064 10094887

GRAND TOTAL OF I, II dk dqy tksM+ 43548908 35725721

vuqlwph 8 & fuos'k

SCHEDULE 8 - INVESTMENTS


31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

I. Hkkjr esa fuos'k % ldyInvestments in India : Gross 631459777 546920641

?kVk;sa % ewY;ßkl ds fy, çko/kuLess: Provision for Depreciation 3754757 9202046

Hkkjr esa 'kq¼ fuos'kNet Investment in India 627705020 537718595

(i) ljdkjh çfrHkwfr;kaGovernment Securities 545308216 442167183

(ii) vU; vuqeksfnr çfrHkwfr;kaOther Approved Securities 6674305 8011108

(iii) 'ks;jShares 12057069 8691811

(iv) fMcsapj vkSj ckaMDebentures and Bonds 44703564 40066846

(v) vuq"kafx;k¡ rFkk @vFkok la;qDr m|e (çk;ksftr laLFkkvksa lfgr)Subsidiaries and/or joint ventures ( including sponsored institutions ) 5394934 5350577

(vi) vU;Others 13566932 33431070

(fofHkUu E;wpqvy iQaM o okf.kfT;d i=k vkfn)(Various Mutual Funds & Commercial Papers etc.)

TOTAL OF I dk tksM+ 627705020 537718595

tkjh---@ Contd.

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vuqlwph 8 &fuos'k



31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

II. Hkkjr ls ckgj fuos'k % ldyInvestments Outside India : Gross 6146783 2198455

?kVk;sa % ewY;ßkl ds fy, çko/kuLess: Provision for depreciation 0 0

Hkkjr ls ckgj 'kq¼ fuos'kNet Investments outside India 6146783 2198455

(i) LFkkuh; çkf/dj.k lfgr ljdkjh çfrHkwfr;kaGovt. securities including local authorities 0 0

(ii) fons'k esa vuq"kafx;k¡ @ la;qDr m|eSubsidiary and / or Joint ventures abroad 3476384 2197634

(iii) vU;Others 2670399 821

II dk tksM+@ TOTAL OF II 6146783 2198455

GRAND TOTAL OF I, II dk dqy tksM+ 633851803 539917050

vuqlwph 9 & vfxze

SCHEDULE 9- ADVANCES


31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

(i) [kjhns vkSj Hkquk;s x;s fcyBills purchased and discounted 43999617 43678195

(ii) udnh Í.k] vksojMªkÝV vkSj Í.k tks ekax ij çfrns; gSaCash Credits, Overdrafts & Loans repayable on demand 689178629 559371311

(iii) eh;knh Í.kTerm Loans 813851641 591966156

tksM+ @ TOTAL 1547029887 1195015662

(i) ewrZ vkfLr;ksa }kjk çfrHkwr (blesa cgh Í.kksa ij fn, x;s vfxze 'kkfey gSa)Secured by tangible assets (Includes advances against Book Debts) 1271284989 977067349

(ii) cSad@ljdkj dh xkjaVh }kjk lajf{krCovered by Bank/Government guarantees 60942386 16943636

(iii) vçfrHkwrUnsecured 214802512 201004677

tksM+ @ TOTAL 1547029887 1195015662

(I) Hkkjr esa vfxzeAdvances in India

(i) çkFkfedrk çkIr {ks=kPriority Sector 492123451 462168838

(ii) lkoZtfud {ks=kPublic Sector 114217670 128614014

(iii) cSadBanks 2455558 6249469

(iv) vU;Others 899983434 597650256

tksM+ @ TOTAL 1508780113 1194682577

(II) Hkkjr ls ckgj vfxzeAdvances outside India

(i) cSadksa ls çkI;Due from Banks 29577968 0

(ii) vU; ls çkI;Due from Others

(d) [kjhns vkSj Hkquk, x, fcy( a ) Bills Purchased & Discounted 1558931 614

([k) fe;knh Í.k(b) Term Loan 3897131 10244

(x) vU;(c ) Others 3215744 322227

tksM+ @ TOTAL 38249774 333085

GRAND TOTAL (Total of I & II) dqy tksM+ (I o II dk tksM+) 1547029887 1195015662

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100

vuqlwph 10 &vpy vkfLr;ka

SCHEDULE 10 - FIXED ASSETS


31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

d ewrZ vkfLr;kaTANGIBLE ASSETS

I. ifjljPremises

fiNys o"kZ 31 ekpZ dks fo|eku ykxr@ewY;kadu ijAt cost / valuation as on 31st March of the preceding year 20300625 7153292

vof/ ds nkSjku of¼Addition during the period 377947 509545

20678572 7662837

vof/ ds nkSjku dVkSfr;kaDeduction during the period 0 248

20678572 7662589

tksfM+;s % iquewZY;uAdd : Revaluation 0 12638036

20678572 20300625

vc rd ewY;ßkl (iquewZY;u jkf'k ij ewY;ßkl lfgr)Depreciation to date(Including on revalued amount ) 2225138 1947956

18453434 18352669

II. vU; vpy vkfLr;ka (i+QuhZpj vkSj tqM+ukj lfgr)Other Fixed Assets (Including Furniture & Fixtures)

fiNys o"kZ dh 31 ekpZ dks fo|eku ykxr ijAt cost as on 31st March of the preceding year 16083582 14638026

vof/ ds nkSjku o`f¼Addition during the period 2305491 1748533

18389073 16386559


17908945 16083582

vc rd ewY;ßklDepreciation to date 12859167 11647063

5049778 4436519

III. iV~Vsokyh vkfLr;kaLeased Assets


252386 290875

vof/ ds nkSjku o`f¼@lek;kstuAddition/adjustment during the period 0 0


252386 252386

vc rd ifj'kksf/r @ iV~Vk lek;kstuAmortisation / lease adjustment to date 248179 246200

4207 6186

TOTAL OF I, II, III dk tksM+ 23507419 22795374

[k- vewrZ vkfLr;kaB. INTANGIBLE ASSETS

dEI;wVj lkÝ+Vos;jComputer software


vof/ ds nkSjku o`f¼Addition during the period 263800 124144

1498081 1234281


1498081 1234281

vc rd ifj'kksf/rAmortised to date 1034427 874436

463654 359845

tksM+@Total 463654 359845

GRAND TOTAL (A+B) dqqy tksM+ (d+[k) 23971073 23155219

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101

vuqlwph 11 &vU; vkfLr;ka

SCHEDULE 11 - OTHER ASSETS


31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

I. izksn~Hkwr C;ktInterest accrued 15142354 14174201

II. fn;k x;k vfxze dj @ lzksr ij dkVk x;k djTax paid in advance / tax deducted at source 11444587 12632163

III. ys[ku &lkexzh vkSj LVkEiStationery and stamps 90675 75198

IV. nkoksa ds fuiVku esa çkIr xS+j&cSafdax vkfLr;kaNon-banking assets acquired in satisfaction of claims 2714 2679

V. vkLFkfxr dj vkfLr;ka ('kq¼)Deferred tax asset (net) 2845588 2283232

VI. vU;

Others 20676048 14640964

TOTAL OF I, II, III, IV, V, VI dk tksM+ 50201966 43808437

vuqlwph 12 &vkdfLed ns;rk,a

SCHEDULE 12 - CONTINGENT LIABILITIES


31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

I. (i) cSad ds fo#¼ nkos ftUgsa Í.k ds :i esa ugha ekuk x;k gS

Claims against the Bank not acknowledged as debts 1763041 1683046

(ii) vihyksa ] lanHkkZs vkfn ds v/hu fookfnr vk; dj o C;kt dj ekaxsa

Disputed income tax and interest tax demands under appeals, references,etc. 11551454 8461448

II. vkaf'kd :i ls vnk fd;s x;s fuos'kksa ds fy, ns;rk,a

Liability for partly paid investments 115 1915

III. cdk;k ok;nk fofue; lafonkvksa ds dkj.k ns;rk,a

Liability on account of outstanding forward exchange contracts 577497769 650855716

IV. xzkgdksa dh vksj ls nh x;h xkjafV;ka %

Guarantees given on behalf of constituents:

(d) Hkkjr esa

(a) In India 132890351 111711195

([k) Hkkjr ls ckgj

(b) Outside India 66894392 31004592

V. Lohd`fr;ka] i`"Bkadu vkSj vU; nkf;Rp

Acceptances, endorsements and other obligations 243795857 163444291

VI. vU; ensa ftuds fy, cSad vkdfLed :i ls ftEesnkj gSOther items for which the Bank is contingently liable 2109482 2352845

Total of I, II, III, IV, V, VI dk tksM+ 1036502461 969515048

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102

vuqlwph 13 &vftZr C;kt

SCHEDULE 13 - INTEREST EARNED


31-03-2009 dks lekIr o"kZ 31-03-2008 dks lekIr o"kZYear ended 31.03.2009 Year ended 31.03.2008

I. vfxzeksa @ fcyksa ij C;kt @ cV~VkInterest/discount on advances/bills 146377818 104390624

II. fuos'kksa ij vk;Income on Investments 44099499 36113189

III. Hkkjrh; fjt+oZ cSad ds ikl 'ks"kksa vkSj vU; var%cSad fuf/;ksa ij C;ktInterest on balances with Reserve Bank of India and other Inter-Bank funds 2023155 1503275

IV. vU;Others 761158 643088

TOTAL OF I, II, III, IV dk tksM+ 193261630 142650176

vuqlwph 14 &vU; vk;

SCHEDULE 14 - OTHER INCOME



I. deh'ku] fofue; vkSj nykyhCommission, Exchange and Brokerage 13766432 11062308

II. fuos'kksa dh fcØh ls ykHkProfit on sale of Investments 7479159 4580680

?kVk;sa % fuos'kksa dh fcØh ls gkfuLess: Loss on sale of Investments 832442 161350

6646717 4419330

III. fuos'kksa ds iqueZwY;u ls ykHkProfit on revaluation of Investments 0 0

?kVk;sa % fuos'kksa@ifj'kks/uksa ds iqueZwY;u ls gkfuLess: Loss on revaluation of Investments/Ammortisation 0 0

0 0

IV. Hkwfe] Hkou vkSj vU; vkfLr;ksa dh fcØh ls ykHkProfit on sale of land, buildings and other assets 22463 14669

?kVk;sa % Hkwfe] Hkou vkSj vU; vkfLr;ksa dh fcØh ls gkfuLess: Loss on sale of land,buildings and other assets 4709 3331

17754 11338

V. fofue; ysunsuksa ls ykHkProfit on exchange transactions 2971825 2238275

?kVk;sa % fofue; ysunsuksa ls gkfuLess: Loss on exchange transacations 28766 124375

2943059 2113900

VI. Hkkjr rFkk fons'kksa esa vuq"kafx;ksa @ dEifu;ksa rFkk @ vFkokla;qDr m|eksa ls ykHkka'kksa vkfn ds :i esa vftZr vk;Income earned by way of dividends etc. from subsidiaries / companies 292927 52527

and / or joint ventures in India & abroad.

VII. fofo/ vk;Miscellaneous Income 5530007 2316203

TOTAL OF I, II, III, IV, V, VI,VII dk tksM+ 29196896 19975606

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103

vuqlwph 15 &[kpZ fd;k x;k C;kt

SCHEDULE 15 - INTEREST EXPENDED



I. tekjkf'k;ksa ij C;ktInterest on Deposits 115643211 82651486

II. Hkkjrh; fjtoZ cSad@var%cSad m/kjksa ij C;ktInterest on Reserve Bank of India/inter-bank borrowings 1194971 590690

III. vU;Others 6114854 4066443

TOTAL OF I, II, III dk tksM+ 122953036 87308619

vuqlwph 16 & ifjpkyu O;;

SCHEDULE 16 - OPERATING EXPENSES



I. deZpkfj;ksa dks Hkqxrku vkSj muds fy, çko/kuPayments to and Provisions for employees 29243848 24615435

II. fdjk;k] dj vkSj fctyhRent, Taxes and Lighting 2262660 1939421

III. eqnz.k vkSj ys[ku&lkexzhPrinting and Stationery 454276 443528

IV. f+oKkiu vkSj çpkjAdvertisement and Publicity 312431 233148

V. cSadksa dh laifÙk ij ewY;ßkl @ ifj'kks/uDepreciation/Amortisation on Bank's property 2130152 1921887

?kVk,a % iqueZwY;u çkjf{kr ds lkFk lek;ksftrLess: Adjusted with Revaluation Reserve 219546 219546

1910606 1702341

VI. funs'kdksa dh iQhl] HkÙks vkSj [k+pZDirectors' fees, allowances and expenses 13512 9384

VII. ys[kk&ijh{kdksa dh iQhl vkSj [k+pZ ('kk[kk ds ys[kkijh{kdksa dh i+Qhl vkSj [k+pZ lfgr)Auditors' fees and expenses (including branch auditors' fees & expenses) 310319 361845

VIII. fof/ çHkkjLaw Charges 153166 130993

IX. Mkd] rkj] Vsyhi+Qksu vkfnPostage, Telegrams, Telephones, etc. 765945 555653

X ejEer vkSj j[k&j[kkoRepairs and Maintenance 668651 553866

XI. chekInsurance 1696539 1408230

XII. vU; O;;Other expenditure 4270064 3300927

I ls XII dk tksM+ Total of I to XII 42062017 35254771

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104

SCHEDULE-17

SIGNIFICANT ACCOUNTING POLICIES

1. BASIS OF PREPARATION :

The financial statements have been prepared on the

historical cost basis and conform, in all material aspects, to

Generally Accepted Accounting Principles (GAAP) in India

which encompasses applicable statutory provisions,

regulatory norms prescribed by Reserve Bank of India (RBI),

Accounting Standards (AS) and pronouncements issued by

The Institute of Chartered Accountants of India (ICAI) and

prevailing practices in Banking industry in India. In respect

of Foreign offices, statutory provisions and practices

prevailing in respective countries are complied with.

2. METHOD OF ACCOUNTING:

The accounts have been prepared on the going concern

basis with accrual concept and in accordance with the

accounting policies and practices consistently followed unless

otherwise stated.

3. FIXED ASSETS

3.1 Fixed assets are stated at historical cost except those

premises, which have been revalued. The appreciation on

revaluation is credited to revaluation reserve and incremental

depreciation attributable to the revalued amount is deducted

therefrom.

3.2 a. Depreciation on assets (including land where value is

not separable) are provided on straight-line method

based on estimated life of the asset.

b. Depreciation on assets has been provided at the rates

furnished below:-

Particulars Rate of Depreciation

Land acquired on perpetual lease

where no lease period is mentioned Nil

Land acquired on lease where lease

period is mentioned Over lease period

Building

- Constructed on free hold land and on 2.50%

leased land, where lease period is

above 40 years

- Constructed on leased land where Over lease period

lease period is below 40 years

Furniture and fixtures- Steel articles 5.00%

Furniture and fixtures-wooden articles 10.00%

Mattresses 20.00%

Mobile Phone Instruments 33.33%

Machinery, electrical and miscellaneous articles 15.00%

Motor cars and cycles 15.00%

Computers, ATMs and related items 33.33%

Computer Application Software

– Intangible Assets

- Up to Rs. 5,000 Charged to Revenue

- Others 20.00%

vuqlwph&17

çeq[k ys[kk fof/ lEcU/h uhfr;ka

1- ys[ks rS;kj djus dk vk/kj

foÙkh; fooj.k i=k ijEijkxr ykxr ds vk/kj ij rFkk leLr lkjokuigyqvksa tks Hkkjr esa lkekU;r% LohÑr ys[kkadu fl¼kUrksa (th,,ih)]vFkkZr~ ykxw lkafof/d çko/ku] Hkkjrh; fjTk+oZ cSad }kjk fu/kZfjrfofu;ked ekun.M] Hkkjrh; lunh ys[kkdkj laLFkku }kjk tkjh ys[kkaduekun.M rFkk Kkiu o Hkkjr esa cSafdax m|ksx esa ekStwnk çFkkvksasa dsvuq:i rS;kj fd;s x;s gSaA fons'kh dk;kZy;ksa ds laca/ esa lEc¼ ns'kksaesa çpfyr lkafof/d çko/kuksa vkSj çFkkvksa dk ikyu fd;k x;k gSA

2- ys[kkadu i¼fr

ys[ks mip; /kj.kk ds lkFk fujUrj dkjksckj ds vk/kj ij rFkkvU;Fkk mfYyf[kr dks NksM+dj] ys[kkadu uhfr;ksa rFkk lqlaxr vuqikfyrçFkkvksa ds vuqlkj rS;kj fd;s x;s gSaA

3- vpy vkfLr;ka

3-1 ftu ifjljksa dk iqueZwY;u gks pqdk gS] mUgsa NksM+dj vkSj vU; vpyvkfLr;ksa dks mudh ijEijkxr ykxr ij fn[kk;k tkrk gSA iqueZwY;uij gqbZ o`f¼ dks iqueZwY;u çkjf{kr fuf/ esa tek fd;k Tkkrk gS vkSjml ij ewY;ßkl ds fy, fd, x, çko/ku dks mlesa ls de dj fn;ktkrk gS A

3-2 (d) vkfLr;ksa (Hkwfe lfgr tgka dher vyx u dh tk ldrh gks)ij ewY;ßkl ds fy;s çko/ku vkfLr dh çR;kf'kr vk;q dsvk/kj ij lh/h js[kk i¼fr ds vuqlkj fd;k tkrk gSA

([k) ,slh vkfLr;ksa ij ewY;ßkl fuEufyf[kr njksa ij fd;k x;k gS%

fooj.k ewY;ßkl dh nj

csfe;knh iV~Vs ij yh xbZ Hkwfe tgka iV~Vs dh 'kwU;vof/ dk mYys[k ugha gS

iV~Vs ij yh xbZ Hkwfe tgk¡ iV~Vs dhvof/ dk mYys[k gS iV~Vs dh vof/ ij

Hkou&Ú+hgksYM vkSj yhT+M Hkwfe ij fufeZr] tgka 2-50»yht+ dh vof/ 40 o"kZ ls vf/d gS

&yhT+M Hkwfe ij fufeZr tgk¡ yht+ dh iV~Vs dh vof/ ijvof/ 40 o"kZ ls de gS

iQuhZpj vkSj fiQDLpj & LVhy oLrq,a 5-00»

iQuhZpj vkSj fiQDLpj & ydM+h dh oLrq,a 10-00»

xn~ns 20-00»

eksckby iQksu midj.k 33-33»

e'khujh] fctyh vkSj fofo/ oLrq,a 15-00»

eksVj] dkj ,oa lkbZdy 15-00»

daI;wVlZ] ,Vh,e vkSj lacaf/r oLrq;sa 33-33»

dEI;wVj vuqç;ksx lkWÝ+Vos;j&vewrZ vkfLr;ka

& #i;s 5000@& rd jktLo esa pktZ

& vU; 20-00»

PNB 90-135.pmd 6/24/2009, 6:04 PM104

105

c. Assets taken over from erstwhile New Bank of India and

Nedungadi Bank Ltd are depreciated based on their

estimated life based on broad groups / categories instead

of individual assets.

d. Depreciation on additions to assets is provided from the

month in which the asset is put to use and in case of assets

sold/disposed of during the year, upto the month preceding

the month in which it is sold/disposed of.

4. ADVANCES

4.1 Advances are classified as performing and non-performing

assets and provisions are made in accordance with prudential

norms prescribed by RBI.

4.2 Advances are stated net of provisions and de-recognized /

suspended interest in respect of non-performing assets.

4.3 Offices outside India / Offshore Banking Units:

a. Advances are classified under categories in line with

those of Indian Offices.

b. Provisions in respect of advances are made as per the

local law requirements or as per the norms of RBI,

whichever is higher.

4.4 Financial Assets sold are recognized as under:

a. In case the sale is at a price lower than the Net Book

Value (NBV), the difference is charged to the Profit

and Loss Account.

b. In case the sale is at a price higher than the NBV, the

surplus provision is not reversed, but held:

(i) in case of sale to ARCIL, till the redemption of

the security receipt, and

(ii) in case of sale to other banks, to meet shortfall

on sale of such non-performing financial assets.

4.5 For restructured/rescheduled advances, provisions are made

in accordance with guidelines issued by RBI.

5. INVESTMENTS

5.1 Investments are classified into six categories as stipulated in

form A of the third schedule to the Banking Regulation

Act, 1949.

5.2 Investments have been categorized into “Held to Maturity”,

“Available for Sale” and “Held for Trading” in terms of RBI

guidelines. Securities acquired by the Bank with an intention

to hold till maturity is classified under “Held to Maturity”.

5.3 The securities acquired by the Bank with an intention to

trade by taking advantage of short-term price/ interest rate

movements are classified under “Held for Trading”.

5.4 The securities, which do not fall within the above two

categories, are classified under “Available for Sale”.

5.5 Transfer of securities from one category to another is carried

out at the lower of acquisition cost/ book value/ market

value on the date of transfer. The depreciation, if any, on

such transfer is fully provided for.

x- iwoZ U;w cSad vkWiQ bafM;k rFkk usnqaxMh cSad fy- ls vftZr vkfLr;ksa dsekeys esa ewY;ßkl gsrq çR;kf'kr vk;q vyx&vyx vkfLr ds laca/ esavk¡dus ds LFkku ij eksVs rkSj ij lewgksa@çoxks± ds fy, vk¡dh x;h gSA

?k- vkfLr;ksa esa gq, ifjo/Zuksa ds ekeys esa ewY;ßkl dk çko/ku bldsç;ksx esa vkus ds ekg ls vkSj o"kZ ds nkSjku csph@fuiVk nh xbZvkfLr;ksa ds ekeys esa çko/ku ftl ekg esa vkfLr csph@fuiVkbZ xbZ gS]mlds iwoZ ekg rd fd;k tkrk gSA

4- vfxze

4-1 vfxzeksa dk oxhZdj.k vtZd vkSj vutZd vkfLr;ksa ds :i esa fd;ktkrk gS vkSj mlds fy, çko/ku Hkkjrh; fjt+oZ cSad }kjk fu/kZfjrfoosdiw.kZ ekunaMksa ds vuqlkj fd;k tkrk gSaA

4-2 vfxzeksa dh ml jkf'k dks n'kkZ;k tkrk gSs tks vutZd vkfLr;ksa ds fy,çko/ku rFkk muds laca/ esa C;kt dks vekU; djus@fuyfEcr C;kt?kVkus ds i'pkr~ 'ks"k cprh gSaA

4-3 Hkkjr ds ckgj dk;kZy;@virVh; cSafdax bdkb;k¡ %

(d) vfxzeksa dk oxhZdj.k mu laoxks± esa fd;k x;k gS tSlk Hkkjrh;dk;kZy;ksa ds fy, gSA

([k) vfxzeksa ds lEcU/ esa çko/ku LFkkuh; dkuwuh vis{kkvksa dsvuqlkj vFkok Hkkjrh; fjT+koZ cSad ds ekunaMksa ds vuqlkj] tksHkh vf/d gS] fd, x, gSaA

4-4 csph xbZ foÙkh; vkfLr;ksa dh fuEuor~ igpku dh xbZ gS%

(d) ;fn 'kq¼ cgh ewY; (,uchoh) ls de ewY; ij fcØh gksrh gS]rks ml vUrj dks ykHk o gkfu [kkrs ls ?kVk;k tkrk gSA

([k) ;fn fcØh 'kq¼ cgh ewY; ls vf/d ewY; ij gksrh gS rksvf/d çko/ku iyVk ugha tkrk] cfYd fuEuor~ j[kk tkrk gSsA

(i) ,vkjlhvkbZ,y dks fcØh ds ekeys esa] çfrHkwfr jlhnds ekspu rd] vkSj

(ii) nwljs cSadksa dks fcØh ds ekeys esa] ,slh vutZd foÙkh;vkfLr;ksa dh fcØh ij gqbZ deh dks iwjk djus ds fy,A

4-5 vfxzeksa ds iquxZBu@iqu%lwphc¼ fd, tkus ds fy, Hkkjrh; fjt+oZ cSadds ekxZfunZs'kksa ds vuqlkj çko/ku fd;k tkrk gS A

5- fuos'k

5-1 fuos'kksa dks cSafdax fofu;eu vf/fu;e] 1949 dh rhljh vuqlwph dsiQkeZ , esa ;FkkfufnZ"V N% Jsf.k;ksa esa oxhZÑr fd;k x;k gSA

5-2 Hkk-fj- cSad ds ekxZfunZs'kksa ds vuq:i fuos'kksa dks ¶ifjiDork rd j[ksx,¸] ¶fcØh gsrq miyC/¸ rFkk ¶O;kikj gsrq j[ks x,¸ Jsf.k;ksa esaoxhZÑr fd;k tkrk gSA cSad }kjk ifjiDork rd j[ks tkus dh ea'kk lsvftZr çfrHkwfr;ksa dks îfjiDork rd j[kh xbZ* Js.kh esa j[kk x;k gSA

5-3 cSad }kjk vYikof/ ds ewY; @ C;kt nj ço`fÙk;ksa dk ykHk mBkrs gq,O;kikj gsrq j[ks tkus dh ea'kk ls vftZr çfrHkwfr;ksa dks ¶O;kikj gsrqj[ks x,¸ fuos'kksa esa oxhZÑr fd;k x;k gSA

5-4 tks çfrHkwfr;ka mi;qZDr nksuksa Jsf.k;ksa esa ugha vkrha mUgsa ¶fcØh gsrqmiyC/¸ Js.kh ds v/hu oxhZÑr fd;k tkrk gSA

5-5 ,d Js.kh ls nwljh Js.kh esa çfrHkwfr;ksa dk varj.k] varj.k dh frfFkdks vf/xzg.k ykxr@cgh ewY; @ ckTk+kj ewY;] tks Hkh de gks] ijfd;k x;k gSA ;fn ,sls varj.k ij dksbZ ewY;ßkl gks rks mlds fy,iwjk çko/ku fd;k tkrk gSA

PNB 90-135.pmd 6/24/2009, 6:04 PM105

106

5.6 In determining acquisition cost of an investment

a. Brokerage / commission received on subscription is

deducted from the cost of securities.

b. Brokerage, commission etc. paid in connection with

acquisition of securities are treated as revenue

expenses.

c. Interest accrued up to the date of acquisition of

securities i.e. broken – period interest is excluded from

the acquisition cost and recognized as interest expense.

Broken – period interest received on sale of securities

is recognized as interest income.

5.7 Investments are valued as per RBI/ FIMMDA guidelines, on

the following basis:

Held to Maturity :

i) Investments under “Held to Maturity“ category are

carried at acquisition cost. Wherever the book value

is higher than the face value/redemption value, the

premium is amortized over the remaining period to

maturity.

ii) Investments in subsidiaries/joint ventures/associates

are valued at carrying cost less diminution, other than

temporary, in nature.

iii) Investments in sponsored regional rural banks are

valued at carrying cost.

iv) Investment in venture capital is valued at carrying cost.

Available for Sale and Held for Trading

a) Govt. Securities

I. Central Govt. Securities At market prices/YTM as

published by Fixed Income

Money Market And

Derivatives Association of

India (FIMMDA)

II. State Govt. Securities On appropriate yield to

maturity basis as per

FIMMDA/RBI guidelines.

b) Securities guaranteed by On appropriate yield to

Central/State Government, maturity basis as per

PSU Bonds (not in the FIMMDA/RBI guidelines

nature of advances)

c) Treasury Bills At carrying cost

d) Equity shares At market price, if quoted,

otherwise at break up value

of the Shares as per latest

Balance Sheet (not more than

one year old), otherwise at

Re.1 per company

e) Preference shares At market price, if quoted

or on appropriate yield to

maturity basis not exceeding

redemption value as per RBI/

FIMMDA guidelines.

f) Bonds and debentures At market price, if quoted,

(not in the nature of or on appropriate yield to

advances) maturity basis as per RBI/

FIMMDA guidelines.

5-6 fdlh fuos'k dh vf/xzg.k ykxr dks fu/kZfjr djus esa %

(d) lClfØI'ku ij çkIr nykyh@deh'ku çfrHkwfr;ksa dh ykxr lsdkVh x;h gSA

([k) çfrHkwfr;ksa ds vf/xzg.k ds lEcU/ esa lanÙk nykyh] deh'kujktLo O;;ksa ds :i esa le>h tkrh gSA

(x) çfrHkwfr;ksa ds vf/xzg.k dh frfFk;ksa rd mifpr C;kt vFkkZr~[kafMr vof/ C;kt vf/xzg.k ykxr ls vyx dj fn;k tkrk gSvkSj mls C;kt O;; ds :i esa ekuk tkrk gSA çfrHkwfr;ksa dhfcØh ij çkIr [kafMr vof/ C;kt dks C;kt vk; ekuk tkrk gSA

5-7 Hkk-fj cSad @ ,iQvkbZ,e,eMh, ds fn'kkfunZs'kkuqlkj] fuos'k dk ewY;ufuEufyf[kr vk/kj ij fd;k tkrk gS%

ifjiDork rd j[ks x, %

i) ¶ifjiDork rd j[ks x;s¸ ds v/hu fuos'kksa dks rc rd vtZuykxr ij fy;k tkrk gS] tc rd og vafdr @ ifjiDork ewY;ls vf/d u gks] vU;Fkk çhfe;e ifjiDork dh 'ks"k vof/o"kZ esa ifj'kksf/r fd;k tkrk gSA

ii) vuq"kafx;ksa @ la;qDr m|eksa @ lg;ksfx;ksa esa fd;s x;s fuos'k dkewY;u j[kj[kko esa ls ßkl ?kVkdj vtZu ykxr ij fd;k tkrkgS tks ewY; esa vLFkk;h ls fHkUu gSA

iii) çk;ksftr {ks=kh; xzkeh.k cSadksa esa fuos'kksa dk ewY;kadu j[kkoykxr ij fd;k tkrk gSA

iv) m|e iwath esa fuos'kksa dk ewY;kadu j[kko ykxr ij fd;k tkrk gSA

fcØh gsrq miyC/ vkSj O;kikj gsrq j[ks x;s

d) ljdkjh çfrHkwfr;ka

I. dsUæh; ljdkj dh çfrHkwfr;ka fiQDLM bUde euh ekdsZV ,.MMsfjosfVOl ,lksfl,'ku vkWiQ bafM;k(,iQvkbZ,e,eMh,) }kjk ;Fkk çdkf'krckT+kkj ewY;ksa@ifjiDork çfriQy ij

II. jkT; ljdkj dh çfrHkwfr;ka ,iQvkbZ,e,eMh,@Hkk-fj- cSad ds ekxZfunZs'kksa ds vuqlkj mi;qDr ifjiDorkçfriQy çkfIr vk/kj ij

[k) dsaæh;@jkT; ljdkj }kjk xkjaVh'kqnk ,iQvkbZ,e,eMh,@ Hkk-fj- cSad ekx funZs'kksaçfrHkwfr;ka] lkoZtfud {ks=k ds ds vuqlkj mi;qDr ifjiDork çkfIrmiØeksa ds ck¡M (vfxzeksa dh vk/kj ijçÑfr ds ugha)

x) Vªst+jh fcy j[kko ykxr ij

?k) bfDoVh 'ks;j ckT+kkj ewY; ij] ;fn dksVsM gks] vU;Fkkuohure rqyu&i=k (tks ,d o"kZ ls iqjkuku gks) ds vuqlkj 'ks;jksa ds czsd viewY; ij] vU;Fkk çfr daiuh #- 1@&

M-) vf/eku 'ks;j ckT+kkj ewY; ij] ;fn dksVsM gks vFkok,iQvkbZ,e,eMh,@ Hkk-fj- cSad ekxZ funZs'kksads vuqlkj mi;qDr ifjiDork çfriQy]ij] fdarq ifj'kks/u ewY; ls vf/d ugha

p) ca/i=k vkSj fMcsapj ckT+kkj ewY; ij] ;fn dksVsM gks] vFkok(vfxzeksa dh çÑfr ds ugha) ,iQvkbZ,e,eMh,@ Hkk-fj- cSad ekxZ

funZs'kksa ds vuqlkj] mi;qDr ifjiDorkçfriQy ij

PNB 90-135.pmd 6/24/2009, 6:04 PM106

107

g) Units of mutual funds As per stock exchange

quotation, if quoted; at

repurchase price/NAV, if

unquoted

h) Commercial paper At carrying cost

i) Certificate of Deposits At carrying cost.

j) Security receipts of ARCIL At net asset value of the

asset as declared by ARCIL

k) Venture Capital Funds At net asset value (NAV)

declared by the VCF

l) Other Investments At carrying cost less

diminution in value

The above valuation in category of Available for Sale and

Held for Trading are done scrip wise and depreciation /

appreciation is aggregated for each classification. Net

depreciation for each classification if any is provided for while

net appreciation is ignored.

5.8 Investments are subject to appropriate provisioning/ de-

recognition of income, in line with the prudential norms of

Reserve Bank of India for NPI classification. The depreciation/

provision in respect of non-performing securities is not set

off against the appreciation in respect of the other

performing securities.

5.9 Profit or loss on sale of investments in any category is taken

to Profit and Loss account but, in case of profit on sale of

investments in “Held to Maturity” category, an equivalent

amount is appropriated to “Capital Reserve Account”.

5.10 Securities repurchased/resold under buy back arrangement

are accounted for at original cost.

5.11 The derivatives transactions are undertaken for trading or

hedging purposes. Trading transactions are marked to

market. As per RBI guidelines, different category of swaps

are valued as under: -

Hedge Swaps

Interest rate swaps which hedges interest bearing asset or

liability is accounted for on accrual basis except the swap

designated with an asset or liability that is carried at market

value or lower of cost in the financial statement.

Gain or losses on the termination of swaps are recognized

over the shorter of the remaining contractual life of the swap

or the remaining life of the asset/liabilities.

Trading Swaps

Trading swap transactions are marked to market with

changes recorded in the financial statements.

5.12 Foreign currency options

Foreign currency options written by the bank with a back-

to-back contract with another bank is not marked to market

since there is no market risk.

Premium received is held as a liability and transferred to the

Profit and Loss Account on maturity/cancellation.

N) E;wpqvy iQ.Mksa ds ;wfuV LVkWd ,Dlpsat ds Hkko ds vuqlkj;fn dksVsM gks] dksVsM u gks] rksiqu%[kjhn ewY; ij@,u,oh ij

t) okf.kfT;d isij j[kko ykxr ij

>) tek çek.ki=k j[kko ykxr ij

×k) ,vkjlhvkbZ,y dh çfrHkwfr ,vkjlhvkbZ,y dh ?kks"k.kk dsjlhnsa vuqlkj vkfLr ds 'kq¼ vkfLr ewY; ij

V) m|e iwath fuf/ m|e iwath fuf/ dh ?kks"k.kk dsvuqlkj vkfLr ds 'kq¼ vkfLr ewY; ij

B) vU; fuos'k j[kko ykxr esa ls ßkl ?kVkdj

fcØh gsrq miyC/ rFkk O;kikj gsrq j[ks x, oxZ esa mi;ZqDr ewY;kadufLØi okj fd;k tkrk gS rFkk çR;sd oxhZdj.k ds fy, ewY;ßkl @o`f¼ tksM+h tkrh gSA çR;sd oxhZdj.k ds fy, ;fn 'kq¼ ewY;ßkl gSmldk çko/ku fd;k tkrk gS] tcfd 'kq¼ o`f¼ n'kkZ;h ugha tkrhA

5-8 Hkk-fj- cSad ds ,uihvkbZ oxhZdj.k ds foosdh ekunaMksa ds vuq:ifuos'kksa ij mi;qDr çko/kuhdj.k rFkk vk; vekU;hdj.k ykxw fd;stkrs gSaA vfxzeksa ds :i esa vutZd çfrHkwfr;ksa ds laca/ esa ewY;ßkl@çko/ku vU; vtZd çfrHkwfr;ksa ds laca/ esa o`f¼ ds le{k leatu(lSV vkWiQ) ugha fd;k x;k gSA

5-9 fdlh Hkh Js.kh ds fuos'kksa dh fcØh ls gq, ykHk@gkfu dks ykHk ogkfu [kkrs esa ys tk;k tkrk gS fdarq îfjiDork gsrq j[ks x;s* Js.kh dsfuos'kksa dh fcØh ls gq, ykHk ds ekeys esa lerqY; jkf'k iwath çkjf{krfuf/* [kkrs esa fofu;ksftr dh tkrh gSA

5-10 okil [+kjhn O;oLFkk ds vUrxZr iqu%[+kjhnh x;h@iqu% csph x;hçfrHkwfr;ksa dks mudh ewy ykxr ij fglkc esa fy;k tkrk gSA

5-11 O;kikj vFkok çfrj{kk ds ç;kstu ls MsfjosfVOl ysu&nsu fd;s x;s gSaAO;kikfjd ysu&nsu ckTk+kj ewY; ij gSA Hkkjrh; fjT+koZ cSad ds fn'kkfunZs'kkuqlkjvnyk&cnyh dh fofHkUu Jsf.k;ksa dk fuEuor~ ewY;u fd;k x;k gS%

çfrj{kk vnyk cnyh

C;kt nj vnyk&cnyh tks C;kt okgd vkfLr vFkok ns;rk dh çfrj{kkdjrk gS] mip; vk/kj ij ys[kkafdr fd;k tkrk gS] fdlh vkfLrvFkok ns;rk ds lkFk vfHkfgr vnyk&cnyh dks NksM+dj] tks foÙkh;fooj.kh esa ckT+kkj ewY; vFkok de dher vFkok ckT+kkj ewY; ij yh gSA

vnyk&cnyh dh lekfIr ij ykHk o gkfu;ksa dks vnyk&cnyh dsU;wurj cdk;k lafonkxr thou vFkok vkfLr@ns;rk dh 'ks"k vof/ij ekU;rk nh tkrh gSA

O;kikfjd vnyk&cnyh

O;kikfjd vnyk&cnyh dks ysu nsu foÙkh; foojf.k;ksa esa fjdkMZ fd,x, ifjorZuksa lfgr ckt+kj ewY; dh rqyuk esa fpfÉr fd;k tkrk gSA

5-12 fons'kh eqæk fodYi

fdlh vU; cSad ds lkFk cSd Vw cSd dkUVªsDV ds lkFk cSad }kjkfyf[kr fons'kh eqæk fodYi ckTk+kj ewY; ij ugha gS (ekdZ~M Vw ekdZsV)D;ksafd blesa ckTk+kj Tkksf[ke ugha gSA

çkIr çhfe;e dks ns;rk ds :i esa j[kk x;k gS vkSj [email protected] ykHk o gkfu [kkrs esa vUrfjr fd;k x;k gSA

PNB 90-135.pmd 6/24/2009, 6:04 PM107

108

6. TRANSLATION OF FOREIGN CURRENCY

TRANSACTIONS & BALANCES:

a) Except advances of erstwhile London branches which are

accounted for at the exchange rate prevailing on the date

of parking in India, all other monetary assets and liabilities,

guarantees, acceptances, endorsements and other obligations

are translated in Indian Rupee equivalent at the exchange

rates prevailing at the end of the year as per Foreign Exchange

Dealers' Association of India (FEDAI) guidelines.

b) Non-monetary items other than fixed assets are translated

at exchange rate prevailing on the date of transaction.

c) Forward exchange contracts are translated at the year end

rates notified by FEDAI and the resultant Gain/loss on

evaluation is taken to profit & Loss Account.

d) Income and expenditure items are accounted for at the

exchange rate prevailing on the date of transaction.

e) Offices outside India / Offshore Banking Units:

(i) Operations of foreign branches and off shore banking

unit are classified as “Non-integral foreign operations”

and operations of representative offices abroad are

classified as “integral foreign operations”.

(ii) Foreign currency transactions of integral foreign

operations and non-integral foreign operations are

accounted for as prescribed by AS-11.

(iii) Exchange Fluctuation on Profit / loss of non-integral

operations are credited /debited to exchange

fluctuation reserve.

7. TAXES ON INCOME

Current tax is determined on the amount of tax payable in

respect of taxable income for the year and accordingly

provision for tax is made.

The deferred tax charge or credit is recognized using the

tax rates that have been enacted or substantially enacted

by the Balance Sheet date. In terms of Accounting Standard

22 issued by ICAI, provision for deferred tax liability is made

on the basis of review at each Balance Sheet date and

deferred tax assets are recognized only if there is virtual

certainty of realization of such assets in future. Deferred

tax assets / liabilities are reviewed at each Balance Sheet

date based on developments during the year.

8. EMPLOYMENT BENEFITS

• PROVIDENT FUND:

Provident fund is a defined contribution scheme as

the Bank pays fixed contribution at pre-determined

rates. The obligation of the Bank is limited to such

fixed contribution. The contributions are charged to

Profit & Loss A/c.

• GRATUITY:

Gratuity liability is a defined benefit obligation and is

provided for on the basis of an actuarial valuation made

at the end of the financial year. The scheme is funded

by the bank and is managed by a separate trust.

• PENSION:

Pension liability is a defined benefit obligation and is

provided for on the basis of an actuarial valuation made

at the end of the financial year. The scheme is funded

by the bank and is managed by a separate trust.

6- fons'kh eqæk ls lacaf/r ysunsu vkSj 'ks"kksa dk ifjorZu

d) iwoZorhZ yanu 'kk[kkvksa ds vfxzeksa dks NksM+dj] ftudk Hkkjr esa varj.kdh frfFk dks ykxw fofue; njksa ds vk/kj ij ifjorZu fd;k tkrk gS]Hkkjrh; fons'kh eqæk O;kikjh la?k (i+sQMkbZ) ds ekxZfunZs'ku ds vuqlkjo"kZ dh lekfIr ij fofue; njksa ds vk/kj ij ekSfæd vkfLr;ksa rFkkns;rkvksa] xkjafV;ksa] LohÑfr;ksa] i`"Bkaduksa o vU; nkf;Roksa dks lerqY;Hkkjrh; #i;s esa ifjofrZr fd;k tkrk gSA

[k) vpy vkfLr;ksa ls brj x+Sj ekSfæd enksa dk ifjorZu ysunsu dh frfFkdks çHkkoh fofue; njksa ij fd;k tkrk gSA

x) ok;nk fofue; lafonkvksa dks Hkkjrh; fons'kh eqæk O;kikjh la?k }kjko"kZ ds vUr esa vf/lwfpr fofue; nj ij ifjofrZr fd;k tkrk gSvkSj iQyLo:i ewY;kadu ij gq, ykHk@gkfu dks ykHk o gkfu [kkrs esafn[kk;k tkrk gSA

?k) vk; rFkk O;; dh ensa ysunsu dh rkjh[+k dks çpfyr fons'kh fofue;nj ij ifjofrZr dh tkrh gSaA

Ä) fons'kh 'kk[kk,a@virVh; cSafdax bdkb;ka

(i) fons'kh 'kk[kk vkSj virVh; cSafdax ;wfuV ds ifjpkyuksa dks¶x+Sj lekdfyr fons'kh ifjpkyuksa** esa oxhZÑr fd;k x;k gSvkSj fons'k esa çfrfuf/ dk;kZy;ksa ds ifjpkyuksa dks ¶lekdfyrfons'kh ifjpkyuksa¸ ds :i esa oxhZÑr fd;k x;k gSA

(ii) lekdfyr fons'k ifjpkyuksa ds fons'kh eqæk ysunsuksa dks vkSjx+Sj lekdfyr fons'kh ifjpkyuksa dks ys[kkadu ekud&11 esafn, x, fu/kZj.k ds vuqlkj fglkc esa fy;k tkrk gSA

(iii) xS+j lekdfyr ifjpkyuksa ij fofue; ?kVc<+ ds ykHk@gkfu dksfofue; ?kVc<+ çkjf{kr fuf/ esa tek@?kVk fd;k tkrk gSA

7- vk; ij dj

o"kZ ds fy, dj ;ksX; vk; ds laca/ esa lans; dj dh jkf'k ij pkywdj dk fu/kZj.k gksrk gS rFkk rnuqlkj dj ds fy, çko/ku fd;ktkrk gSA

vkLFkfxr dj çHkkj vFkok ØsfMV dh igpku mu dj njksa dkbLrseky djrs gq, dh tkrh gS tks rqyui=k frfFk }kjk vf/fu;ferfd, x, vFkok oLrqr% vf/fu;fer fd, x,A vkbZlh,vkbZ }kjk tkjhys[kkadu ekud&22 dh 'krks±s± ds v/hu vkLFkfxr dj ns;rk ds fy,çko/ku çR;sd rqyui=k frfFk ij leh{kk ds vk/kj ij fd;k tkrk gSvkSj vkLFkfxr dj vkfLr;k¡ dsoy rHkh ekU; gksrh gSa tc vkfLr;ksadh Hkfo"; esa olwyh gksuk okLro esa lqfuf'pr~ gksrk gSA vkLFkfxr djvkfLr;ksa@ns;rkvksa dh iqujh{kk o"kZ ds nkSjku gqbZ çxfr ds vk/kj ijçR;sd rqyui=k frfFk dks dh tkrh gSA

8- deZpkjh i+Qk;ns

• Hkfo"; fuf/

Hkfo"; fuf/ ,d lqifjHkkf"kr va'knku ;kstuk gS vkSj cSad iwoZfu/kZfjr njksa ij fuf'pr~ va'knku dk Hkqxrku djrk gSA cSad dknkf;Ro ,sls fuf'pr~ va'knku ds fy, lhfer gSA ;s va'knku o"kZds ykHk o gkfu [kkrs esa pktZ fd, tkrs gSaA

••••• minku

minku ns;rk ,d lqifjHkkf"kr ykHk nkf;Ro gS vkSj foÙkh; o"kZds var esa fd, x, chekafdd ewY;kadu ds vk/kj ij fn;ktkrk gSA ;g ;kstuk cSad }kjk foÙk iksf"kr gS vkSj ,d vyxVªLV }kjk pykbZ tkrh gSA

• isa'ku

isa'ku ns;rk ,d lqifjHkkf"kr ykHk nkf;Ro gS vkSj foÙkh; o"kZds var esa fd, x, chekafdd ewY;kadu ds vk/kj ij fn;ktkrk gSA ;g ;kstuk cSad }kjk foÙk iksf"kr gS vkSj ,d vyxVªLV }kjk pykbZ tkrh gSA

PNB 90-135.pmd 6/24/2009, 6:04 PM108

109

• COMPENSATED ABSENCES:

Accumulating compensated absences such as Privilege

Leave (PL) and Sick Leave (including un-availed casual

leave) is provided for based on actuarial valuation.

• OTHER EMPLOYEE BENEFITS:

Other Employee benefits such as Leave Fare

Concession (LFC), Silver jubilee award, Medical

Benefits etc. are provided for based on actuarial

valuation.

In respect of overseas branches and offices, the

benefits in respect of employees other than those on

deputation are accounted for as per laws prevailing in

the respective countries.

9. IMPAIRMENT OF ASSETS

Impairment loss, if any, is recognised in accordance with

the accounting standard issued in this regard by ICAI and

impairment loss on any revalued asset is treated as a

revaluation decrease.

10. REVENUE RECOGNITION

10.1 Income / expenditure (other than items referred to in

paragraph 10.4) is generally accounted for on accrual

basis.

10.2 Income on non-performing assets is recognized on

realisation as per RBI guidelines.

10.3 Recovery in non-performing advances is appropriated

first towards interest including de-recognized/

suspended interest and recorded interest and

thereafter towards (I) arrears of instalments in term

loans and (ii) principal irregularity in other accounts.

However, recovery in suit filed, decreed accounts and

compromise cases is first appropriated towards

principal or as per terms of decree/settlement.

10.4 Commission (excluding on Government Business),

interest on overdue bills, exchange, locker rent, income

from merchant banking transactions, dividend income

on mutual fund and insurance claims are accounted

for on realization/settlement.

10.5 Income from interest on refund of income tax is

accounted for in the year the order is passed by the

concerned authority.

11. OTHERS

Interest on unpaid and unclaimed matured term deposits

are accounted for at savings bank rate. Interest differential

on matured term deposit for overdue period is accounted

for as and when such deposits are renewed as per bank's

rule.

• {kfriwfrZ vuqifLFkfr;ka

mifpr {kfriwfrZ vuqifLFkfr;ka tSls fo'ks"kkf/dkj NqfV~V;k¡ vkSjchekjh dh NqfV~V;k¡¡ (vç;qDr) vkdfLed (NqfV~V;k¡) chekafddewY;kadu vk/kj ij nh tkrh gSaA

• vU; deZpkjh i+Qk;ns

vU; deZpkjh i+Qk;ns tSls NqV~Vh fdjk;k fj;k;r] flYojtqcyh vokMZ] esfMdy iQk;ns bR;kfn chekafdd ewY;kadu dsvk/kj ij fd, tkrs gSaA

tgk¡ rd fons'k fLFkr 'kk[kkvksa vkSj dk;kZy;ksa dk laca/ gSçfrfu;qfDr ij x;s deZpkfj;ksa dks fn;s x;s ykHkksa ds vykokvU; lHkh ykHk mu ns'kksa esa ykxw dkuwuksa ds vuqlkj gSaA

9- vkfLr;ksa dh vilkekU;rk

vilkekU; gkfu;ksa] ;fn gS] dh igpku vkbZlh,vkbZ }kjk bl lEcU/esa tkjh ys[kkadu ekud ds vuqlkj dh tkrh gS vkSj fdUgha iquewZY;kafdrvkfLr;ksa ij vilkekU; gkfu;ksa dks iqueZwY;kadu fxjkoV ds :i esale>k tkrk gSA

10- jkTkLo ekU;rk

10-1 vk;@O;; (iSjk 10-4 esa lanfHkZr enksa ls fHkUu) dks lkekU;r%mip; vk/kj ij ys[kkafdr fd;k tkrk gSA

10-2 Hkkjrh; fjt+oZ cSad ds ekxZfunZs'kks a ds vuqlkj vutZdvkfLr;ksa ls lEcfU/r vk; dks mudh olwyh gksus ijekU;rk nh tkrh gSA

10-3 vutZd vfxzeksa esa olwy dh xbZ jkf'k dks igys C;kt] ftlesavekU; fd;k x;k C;kt@yfEcr C;kt rFkk ntZ C;kt 'kkfeygS] ds laca/ esa rFkk rRi'pkr~ mls (i) fe;knh ½.kksa dh cdk;kfdLrksa rFkk (ii)vU; [kkrksa esa ewy/u dh vfu;ferrk esa fofu;ksftrfd;k tkrk gSA rFkkfi nk;j fd, x, nkoksa] fMØh çkIr [kkrksa rFkkle>kSrs ds ekeys esa olwyh dks igys ewy/u esa vFkok fMØh@le>kSrsdh 'krks± ds vuqlkj fofu;ksftr fd;k tkrk gSA

10-4 deh'ku (ljdkjh dkjksckj ij NksM+dj)] vfrns; fcyksa ijC;kt] fofue;] ykWdj fdjk,] epZsaV cSafdax ysunsuksa ls çkIrvk; vkSj E;wpqvy fuf/;ksa ij ykHkka'k vk; vkSj chek nkoksadks olwyh@fucVku ij ys[kkafdr fd;k tkrk gSA

10-5 vk;dj ds fjiQaMksa ij C;kt ds :i esa çkIr vk; dkslEcfU/r çkfèkdkfj;ksa }kjk ikfjr vkns'k ds o"kZ esa ys[kkafdrfd;k tkrk gSA

11- vU;

vnÙk rFkk fcuk nkos dh fe;knh tek jkf'k;ksa ij C;kt dh x.kukcpr cSad njksa ij dh tkrh gSA vfrns; vof/ ds fy, ifjiDofe;knh tek jkf'k;ksa ij C;kt dh x.kuk cSad fu;ekuqlkj rc dhtkrh gS tc mudk uohdj.k fd;k tkrk gSA

PNB 90-135.pmd 6/24/2009, 6:04 PM109

110

SCHEDULE 18

NOTES ON ACCOUNTS

1. Capital

(Rupees in crore)

Items 31.03.2009 31.03.2008

i. CRAR (%) (Basel I) 12.59% 12.96%

ii CRAR-Tier I capital (%)(Basel I) 8.05% 8.52%

iii CRAR-Tier II capital (%)(Basel I) 4.54% 4.44%

iv. CRAR (%) (Basel II) 14.03% 13.46%

v. CRAR-Tier I capital (%)(Basel II) 8.98% 8.97%

vi. CRAR-Tier II capital (%)(Basel II) 5.05% 4.49%

vii. Percentage of the shareholding of 57.80% 57.80%

the Government of India in the bank

viii Amount of subordinated debt 0 0

raised as Lower Tier-II Capital

during the year

ix. Amount of subordinated debt 2000.00 1610.00

raised as Upper Tier-II Capital

during the year

x. Amount of perpetual bonds 220.50 1100.00

raised as Tier-I Capital during

the year

2. Investments

(Rs in crore)

Items 31.03.2009 31.03.2008

(1) Value of Investments

i Gross value of Investments 63760.65 54911.91

a In India 63145.97 54692.06

b Outside India 614.68 219.85

ii Provisions for Depreciation 375.47 920.20

a In India 375.47 920.20


iii Net value of Investments 63385.18 53991.71

a In India 62770.50 53771.86


(2) Movement of provisions held

towards depreciation on

investments.

i Opening balance as on 920.20 1324.96

01.04.2008/01.04.2007

ii Add: Provisions made during 0.00 46.06

the year

iii Less: Write-off/ write-back of 544.73 450.82

excess provisions during the year.

iv Closing balance as on 375.47 920.20

31.03.2009/31.03.2008

Hong Kong branch of the bank has taken exposure on Credit

Linked Notes, Floating Rate Notes and Fixed Interest bonds etc.

These are acquired under Investment portfolio at foreign offices

vuqlwph & 18

[kkrksa ls lacaf/r fVIif.k;ka

1- iawth(#i;s djksM+ esa)

en 31.03.2009 31.03.2008

i. lhvkj,vkj (»)(csly&A) 12-59» 12-96»

ii. lhvkj,vkj&Vh;j&I iwath (»)(csly&A) 8-05» 8-52»

iii. lhvkj,vkj&Vh;j&II iwath (»)(csly&A) 4-54» 4-44»

iv. lhvkj,vkj (»)(csly&AA) 14-03» 13-46»

v. lhvkj,vkj&Vh;j&I iwath (») (csly&AA) 8-98» 8-97»

vi. lhvkj,vkj Vh;j&II iwath (») (csly&AA) 5-05» 4-49»

vii. cSad esa Hkkjr ljdkj dh 'ks;j/kfjrk dk (») 57-80» 57-80»

viii. o"kZ ds nkSjku yksvj Vh;j&II iwath ds :i 0 0esa tqVk, x, xkS.k ½.k dh jkf'k

ix. o"kZ ds nkSjku vij Vh;j&II iwath ds :i 2000-00 1610-00esa tqVk, x, xkS.k ½.k dh jkf'k

x. o"kZ ds nkSjku Vh;j&I iw¡th ds :i esa tqVk, 220-50 1100-00x, csfe;knh ck.M dh jkf'k

2- fuos'k(#i;s djksM+ esa)

en 31.03.2009 31.03.2008

(1) fuos'kksa dk ewY;

i fuos'kksa dk ldy ewY; 63760-65 54911-91

d Hkkjr esa 63145-97 54692-06

[k Hkkjr ds ckgj 614-68 219-85

ii ewY;ßkl ds fy, çko/ku 375-47 920-20

d Hkkjr esa 375-47 920-20


iii fuos'kksa dk fuoy ewY; 63385-18 53991-71

d Hkkjr esa 62770-50 53771-86


(2) fuos'kksa ij ewY;ßkl ds fy,

/kfjr çko/kuksa esa ewoesaV

i. vFk'ks"k&01-04-2008@01-04-2007 dks 920-20 1324-96

ii. tkksM+sa % o"kZ ds nkSjku fd, x, çko/ku 0-00 46-06

iii. ?kVk,a % o"kZ ds nkSjku cV~Vs [kkrsMkys x,@çfrys[ku fd, vko';drkls vf/d çko/ku 544-73 450-82

iv. 31-03-2009@31-03-2008 dks bfr'ks"k 375-47 920-20

cSad dh gk¡xdk¡x 'kk[kk us ØsfMV lac¼ fVIif.k;ksa] Ý+yksfVax nj fVIif.k;ksavkSj lkof/ C;kt ck.Mksa vkfn ds ckjs esa ,Dlikst+j fy;k gSA ;g ,Dlikst+jfons'kh dk;kZy;ksa esa fuos'k iksVZiQksfy;ks ds vUrxZr gSA tks ih,uch gk¡xdk¡x

PNB 90-135.pmd 6/24/2009, 6:04 PM110

111

which are governed under Trading Book Policy for PNB Hong Kong.

The bank intends to hold such instruments till its maturity. The

aggregate value of such portfolio as on the date of balance sheet

is Rs. 266.96 crores(previous year Rs. NIL).

3. Repo Transactions

(Rs. in crore)

Minimum Maximum Daily Average As on

outstanding outstanding outstanding 31.03.2009

during the during the during the

period ended period ended period ended

31.03.2009 31.03.2009 31.03.2009

Securities sold 100.00 2200.00 761.23 NIL

under repos (300.00) (1500.00) (28.76) (1500.00)

Securities

purchased 300.00 10700.00 2818.59 NIL

under reverse (56.00) (5700.00) (496.18) (NIL)

repos

(Figures in brackets relate to previous year)

4. Non-SLR Investment Portfolio

4a. Issuer composition of Non SLR investments

(Rs. in crore)

No. Issuer Amount Extent of Extent of Extent of Extent of

Private ‘Below ‘Unrated' ‘Unlisted'

Placement Investment Securities Securities

Grade'

Securities

(1) (2) (3) (4) (5) (6) (7)

(i) PSUs 2368.76 897.88 0.00 25.00 52.16

(1794.30) (1082.82) (0.00) (30.00) (57.22)

(ii) FIs 1804.27 1454.09 50.68 50.68 204.90

(1027.65) (314.51) (51.09) (0.00) (219.00)

(iii) Banks 2042.96 894.09 266.96 0.00 45.00

(3866.37) (921.73) (0.00) (0.00) (50.00)

(iv) Private 1667.31 265.41 2.20 32.97 217.50

Corporate (1665.78) (206.64) (2.50) (32.10) (162.73)

(v) Subsidiaries/ 879.38 0.00 0.00 0.00 0.00

Joint Ventures (740.62) (0.00) (0.00) (0.00) (0.00)

(vi) Others 299.40 0.90 0.00 0.00 0.00

(1113.34) (0.00) (0.00) (5.00) (6.70)

(vii) Provisions -186.31 0.00 0.00 0.00 0.00

held towards (376.46) (0.00) (0.00) (0.00) (0.00)

depreciation

Total 8875.77 3512.37 319.84 108.65 519.56

(9821.38) (2525.70) (53.59) (67.10) (495.65)


4b. Non-performing Non-SLR investments

(Rs. in crore)

Particulars As per Matured & Receivable

Schedule 8 (Parked under

“Other Assets”)

31.03.2009 31.03.2008 31.03.2009 31.03.2008

Opening balance as on 21.19 27.19 42.61 48.06

01.04.2008/01.04.2007

Additions during the year 3.69 4.12 0.02 0.00

Reductions during the year 0.06 10.12 0.00 5.45

Closing balance as on 24.82 21.19 42.63 42.61

31.03.2009/31.03.2008

Total provisions held 24.82 21.19 42.63 42.61

ds fy, VªsfMax cqd uhfr ds vUrZxr 'kkflr gSaA cSad ,slh fy[krksa dksifjiDork rd vius ikl j[kuk pkgrk gSA ,sls iksVZiQksfy;ks dk rqyui=kdh rkjh[k dks dqy ewY; 266-96 djksM+ #i;s gS (fiNys o"kZ'kwU; #i;s)A

3- jsiks ysunsu(#i;s djksM+ esa)

31-03-2009 31-03-2009 31-03-2009 31 ekpZ 2009dks lekIr dks lekIr dks lekIr dh fLFkfr

vof/ ds nkSjku vof/ ds nkSjku vof/ ds nkSjku ds vuqlkjU;wure cdk;k vf/dre nSfud vkSlr

cdk;k cdk;k

jsiks ds vUrxZr csph 100-00 2200-00 761-23 'kwU;xbZ çfrHkwfr;ka (300-00) (1500-00) (28-76) (1500-00)

fjolZ jsiks ds 300-00 10700-00 2818-59 'kwU;vUrxZr [kjhnh xbZ (56-00) (5700-00) (496-18) ('kwU;)çfrHkwfr;ka

(dks"Bdksa Eksa fn, x, vk¡dM+s fiNys o"kZ ds gSa)4- ,l ,y vkj ls brj fuos'k lafoHkkx4-d- ,l ,y vkj ls brj fuos'kksa dk fuxZedrkZ la?kVd

(#i;s djksM+ esa)

la fuxZedrkZ jkf'k futh ¶fuos'k vfu/kZfjr x+Sj lwphc¼fu;kstu Js.kh dh lhek izfrHkwfr;ksa

dh lhek ls uhps çfrHkwfr;ksa dh lhekx+Sj lwphc¼

(1) (2) (3) (4) (5) (6) (7)

(i) ljdkjh {ks=k 2368.76 897.88 0.00 25.00 52.16

ds miØe (1794.30) (1082.82) (0.00) (30.00) (57.22)

(ii) foÙkh; 1804.27 1454.09 50.68 50.68 204.90

laaLFkk,a (1027.65) (314.51) (51.09) (0.00) (219.00)

(iii) cSad 2042.96 894.09 266.96 0.00 45.00

(3866.37) (921.73) (0.00) (0.00) (50.00)

(iv) futh 1667.31 265.41 2.20 32.97 217.50

dkWjiksjsV (1665.78) (206.64) (2.50) (32.10) (162.73)

(v) vuq"kafx;ksa/ 879.38 0.00 0.00 0.00 0.00

la;qDr m|e (740.62) (0.00) (0.00) (0.00) (0.00)

(vi) vU; 299.40 0.90 0.00 0.00 0.00

(1113.34) (0.00) (0.00) (5.00) (6.70)

(vii) ewY;ßkl ds -186.31 0.00 0.00 0.00 0.00

laca/ esa (376.46) (0.00) (0.00) (0.00) (0.00)

/kfjr çko/ku

dqy 8875.77 3512.37 319.84 108.65 519.56

(9821.38) (2525.70) (53.59) (67.10) (495.65)

(dks"Bdksa Eksa fn, x, vk¡dM+s fiNys o"kZ ds gSa)

4[k vutZd ,l ,y vkj ls brj fuos'k(#i;s djksM+ esa)

fooj.k vuqlwph&8 ds ifjiDo vkSj çkI; &vuqlkj ¶vU; vkfLr;ka

esa ikdZ dh xbZa31.03.2009 31.03.2008 31.03.2009 31.03.2008

01-04-2008@01-04-2007 21.19 27.19 42.61 48.06

dks vFk'ks"k

o"kZ ds nkSjku o`f¼ 3.69 4.12 0.02 0.00

mi;qZDr vof/ ds nkSjku deh 0.06 10.12 0.00 5.45

31-03-09@31-03-08 dks bfr'ks"k 24.82 21.19 42.63 42.61

dqy /kkfjr çko/kku 24.82 21.19 42.63 42.61

PNB 90-135.pmd 6/24/2009, 6:04 PM111

112

5. Derivatives

5a. Forward Rate Agreement/ Interest Rate Swap

(Rs. in crore)

2008-09 2007-08

Items Hedge Trading Hedge Trading

Swaps Swaps Swaps Swaps

i. The notional principal 4614.94 100.00 9246.66 NIL

of swap agreements

ii. Losses which would 406.66 0.00 170.86 NIL

be incurred if counter

parties failed to fulfill

their obligations under

the agreements

iii. Collateral required by NIL NIL NIL NIL

the bank upon entering

into swaps

iv. Concentration of credit NIL NIL NIL NIL

risk arising from the

Swaps

v. The fair value of the 21.72 -1.03 -31.85 NIL

swap book

Nature & Terms of the swaps including information on credit and

market risk:

Hedge Swaps: Interest rate swaps for hedging Tier-II Bonds,

Deposits, Floating rate loans & back-to-back swaps.

Trading Swaps: Interest rate swaps market risk: Nil

5b. Exchange Traded Interest Rate Derivatives

S. Particulars Amount

No.

(i) Notional Principal amount of exchange NIL

traded interest rate derivatives undertaken

during the year April 2008 to March, 2009

(instrument-wise)

(ii) Notional Principal amount of exchange traded NIL

interest rate derivatives outstanding as on

31st March, 2009 (instrument-wise)

(iii) Notional Principal amount of exchange traded NIL

interest rate derivatives outstanding and not

‘highly effective' (instrument-wise)

(iv) Mark-to-Market value of exchange traded NIL

interest rate derivatives outstanding and not

‘highly effective' (instrument-wise)

5c. Disclosure on risk exposure in derivatives

I- Qualitative Disclosure

1. The bank uses derivatives products for hedging its own

balance sheet items as well as trading purposes. The risk-

management of derivative operation is headed by a senior

executive, who reports to the top management,

independent of the line functions. Trading positions are

marked to market on daily basis.

5- MsfjosfVOk5-d ok;nk nj djkj@C;kt nj vnyk cnyh (LoSi)

(#i;s djksM+ esa)

2008-09 2007-08

en çfrj{kk ysunsu çfrj{kk VªsfMaxvnyk vnyk vnyk vnykcnyh cnyh cnyh cnyh

i. vnyk cnyh djkjksa dkvkuqekfud ewy/u 4614-94 100-00 9246-66 'kwU;

ii. ;fn çfri{k (dkÅaVj ikVhZ) 406-66 0-00 170-86 'kwU;djkjksa ds varxZr viusnkf;Roksa dks iwjk ugha djrs rksgksus okyh gkfu;ka

iii. vnykcnyh esa 'kkfey gksus 'kwU; 'kwU; 'kwU; 'kwU;ij cSadksa }kjk visf{krlaikf'Zod izfrHkwfr

iv. vnykcnyh ls mRiUu ½.ktksf[ke dk ladsfUær gksuk 'kwU; 'kwU; 'kwU; 'kwU;

v. vnykcnyh cgh dk 21-72 &1-03 &31-85 'kwU;mfpr ewY;

vnyk cnyh dh çÑfr vkSj 'krs± ftuesa ½.k rFkk ckT+kkj tksf[ke ij lwpuklfEefyr gS %

çfrj{kk vnykcnyh % C;kt nj vnykcnyh Vh;j&II ckaM] tek jkf'k;ksa] Ý+yksfVax nj½.kksa vkSj cSd Vw cSd vnykcnyh dh çfrj{kk ds fy, gS

O;kikfjd vnykcnyh % C;kt nj ysunsu ckTk+kj tksf[ke %& 'kwU;

5- [k ,Dlpsat esa ysunsu okys C;kt nj MsfjosfVOk

Øe la fooj.k jkf'k

(i) o"kZ vçSy 08&ekpZ 2009 ds nkSjku ,Dlpsat esa 'kwU;ysunsu okys C;kt nj MsfjosfVo dh vkuqekfudewy/u jkf'k (fy[krokj)

(ii) 31 ekpZ] 2009 dh fLFkfr ds vuqlkj cdk;k 'kwU;,Dlpsat esa ysunsu okys C;kt nj MsfjosfVo dhvkuqekfud ewy/u jkf'k (fy[krokj)

(iii) ,Dlpsat esa ysunsu okys C;kt nj MsfjosfVo dh 'kwU;vkuqekfud ewy/u jkf'k rFkk tks ¶vR;f/dçHkkoh¸ ugha gS (fy[krokj)

(iv) ,Dlpsat esa ysunsu okys C;kt nj MsfjosfVo dh 'kwU;vkuqekfud jkf'k dk cdk;k ckt+kj ewY;(ekdZ&Vw&ekdZsV) rFkk tks ¶vR;f/d çHkkoh¸ ugha gS(fy[krokj)

5-x MsfjosfVo esass tksf[ke fuos'k lEcU/h çdVhdj.k

I- xq.kkRed çdVhdj.k

1- cSad vius rqyui=k dh çfrj{kk gsrq vkSj ysunsu ç;kstuksa ls MsfjosfVo

mRiknksa dk mi;ksx djrk gSA MsfjosfVo ifjpkyu ds tksf[ke çcUèku

dk çeq[k ,d ofj"B dk;Zikyd gS tks O;kolkf;d dk;ks± dh Lora=k

:i ls 'kh"kZ çcU/u dks lwpuk nsrk gSA VªsfMax fLFkfr;k¡ nSfud vk/kj

ij ckTk+kj ewY; ds vuq:i vafdr dh tkrh gSaA

PNB 90-135.pmd 6/24/2009, 6:04 PM112

113

2. The derivative policy is framed by the Risk Management

Division, which includes measurement of credit risk and

market risk.

3. The hedge transactions are undertaken for balance sheet

management. Proper system for reporting and monitoring

of risks is in place.

4. Policy for hedging and processes for monitoring the same is

in place.

5. Accounting policy for recording hedge and non-hedge

transactions are in place, which includes recognition of

income, premiums and discounts. Valuation of outstanding

contracts, provisioning, collateral and credit risk mitigation

are being done.

II - Quantitative Disclosure (Rs. in Crore)

S. Particulars Currency Interest Currency Interest

No. Derivatives Rate Derivatives Rate

Derivatives Derivatives

31.03.2009 31.03.2009 31.03.2008 31.03.2008

1. Derivatives (Notional

Principal Amount)

(a) For Hedging (Hedge 3507.01 4614.94 5201.31 9246.66

and back to back)

(b) For trading – 100.00 – 0.00

2. Marked to Market

Position (1) – –

Hedging – –

a) Asset (+) – (+) 17.36 –

b) Liability (-) – – -31.85

Trading – – – –

a) Asset (+) – – –

b) Liability (-) – (-) 1.03 – 0.00

3 Credit Exposure (2) 588.33 586.81 334.72 316.10

4 Likely impact of one

percentage change

interest rate

(100*PV01) – –

(a) On hedging

derivatives – -0.27 – -57.29

(b) On trading

derivatives – 0.04 – 0.00

5 Maximum and

Minimum of 100*

PV01 observed

during the year – –

(a) On hedging

Maximum – -48.33 – -99.83

Minimum – -0.27 – -57.29

(b) On trading

Maximum – -2.16 – -1.51

Minimum – 0.04 – -0.71


2- MsfjosfVo uhfr tksf[ke çcU/u çHkkx }kjk rS;kj dh tkrh gS ftlesa

ØsfMV tksf[ke vkSj ckTk+kj tksf[ke dk vkdyu lfEefyr gSaA

3- çfrj{kk ysunsu rqyui=k ds izcU/u ds fy, fd, tkrs gSaA fjiksfV±x

vkSj tksf[ke dh fuxjkuh ds fy, mi;qDr flLVe ekStwn gSA

4- çfrj{kk gsrq uhfr vkSj mldh fuxjkuh ds fy, çfØ;k,a ekStwn gSaA

5- çfrj{kk vkSj xSj çfrj{kk ysunsuksa dks fjdkMZ djus ds fy, ys[kkadu

uhfr ekStwn gS ftlesa vk; igpku] çhfe;e vkSj fMLdkmaV lfEefyr

gaSA cdk;k vuqcU/ksa dk ewY;kadu] çko/ku] laikf'Zod vkSj ½.k

tksf[ke dks de djus dk dke fd;k tk jgk gSA

II - ek=kkRed çdVhdj.k (#i;s djksM+ esa)

Ø- fooj.k eqæk C;kt nj eqæk C;kt njla MsfjosfVOt MsfjosfVOt MsfjosfVOt MsfjosfVOt

31.03.2009 31.03.2009 31.03.2008 31.03.2008

1 MsfjosfVo (rkfdZdewy/u)

(d) çfrj{kk ds fy, (çfrj{kk 3507.01 4614.94 5201.31 9246.66

vkSj cSd Vw cSd)

([k) VªsfMax ds fy, – 100.00 – 0.00

2 ekDZM Vw ekdZsV – –

iksft+'ku (1)

çfrj{kk – –

(d) vkfLr (+) – (+) 17.36 –

([k) ns;rk (&) – – -31.85

VªsfMax & & & &

(d) vkfLr (+) & & &

([k) ns;rk (-) – (-) 1.03 – 0.00

3 ½.k tksf[ke (2) 588.33 586.81 334.72 316.10

4 C;kt nj esa 1» ifjorZudk lEHkkO; çHkko(100* ihoh 01) & &

(d) çfrj{kk MsfjosfVo ij – -0.27 – -57.29

([k) ysunsu MsfjosfVo ij – 0.04 – 0.00

5 o"kZ ds nkSjku ns[ks x, – –

100* ihoh 01 dkvf/dre rFkk U;wure

(d) çfrj{kk ij vf/dre – -48.33 – -99.83

U;wure – -0.27 – -57.29

([k) VªsfMax ij vf/dre – -2.16 – -1.51

U;wure – 0.04 – -0.71

(dks"Bdksa esa fn, x, vk¡dM+s fiNys o"kZ ds gSa)

PNB 90-135.pmd 6/24/2009, 6:04 PM113

114

6. Asset Quality

6a. Non-Performing Asset (Rs. in Crore)

Items 31.03.2009 31.03.2008

i) Net NPAs to Net Advances (%) 0.17% 0.64%

ii) Movement of NPAs (Gross)

Opening balance as on

(01.04.2008/2007) 3319.30 3390.72

Additions during the year 1731.14 1953.19

Reductions during the year 2282.97 2024.61

Closing balance as on

31.03.2009/31.03.2008 2767.47 3319.30

iii) Movement of Net NPAs

Opening balance

(as on 01.04.2008/2007) 753.78 725.62

Additions during the year 1099.49 1394.98

Reductions during the year 1589.42 1366.82


31.03.2009/31.03.2008 263.85 753.78

iv) Movement of provision for

NPAs (excluding provisions

on Standard assets)

Opening balance

(as on 01.04.2008/2007) 2212.55 2280.14

Provisions made during

the year (gross) 1016.40 1026.36

Write-off/write back of

excess provision 1013.55 1093.95


31.03.2009/31.03.2008 2215.41 2212.55

6b. Details of loan assets subjected to restructuring

(Rs. in Crore)

Items 31.03.2009 31.03.2008

i. Total amount of loan assets

subjected to restructuring,

rescheduling, renegotiation; 4074.68 1001.58

• of which under CDR 352.56 242.23

ii. The amount of standard assets




iii. The amount of sub-standard

assets subjected to restructuring,



iv. The amount of doubtful

assets subjected to

restructuring, rescheduling,

renegotiation; 108.98 2.80


v. The amount of loss assets




Note : [(i) = (ii)+ (iii) + (iv)+(v)]

6- vkfLr xq.koÙkk

6d vutZd vkfLr (#i;s djksM+ esa) en 31.03.2009 31.03.2008

i) fuoy vfxzeksa dh rqyuk esa fuoyvutZd vkfLr (») 0-17» 0-64»

ii) vutZd vkfLr;ksa (ldy) dkmrkj&p<+ko01-04-2008@2007 dks vFk'ks"k 3319-30 3390-72o"kZ ds nkSjku o`f¼ 1731-14 1953-19o"kZ ds nkSjku deh 2282-97 2024-61bfr'ks"k 31-03-2009@31-03-2008 dks 2767-47 3319-30

iii) fuoy vutZd vkfLr;ksa dkmrkj&p<k+o01-04-2008@2007 dks vFk'ks"k 753-78 725-62o"kZ ds nkSjku o`f¼ 1099-49 1394-98o"kZ ds nkSjku deh 1589-42 1366-82bfr'ks"k 31-03-2009@31-03-2008 dks 263-85 753-78

iv) vutZd vkfLr;ksa ds fy, çko/kuksadk mrkj&p<+ko (ekud vkfLr;ksals lEcfU/r çko/kuksa dks NksMdj)vFk'ks"k (01-04-2008@2007 dks) 2212-55 2280-14o"kZ ds nkSjku fd, x, çko/ku(ldy) 1016-40 1026-36vfrfjDr çko/kuksa dks cV~Vs [kkrsMkyuk@iqujkadu 1013-55 1093-95bfr'ks"k 31-03-2009@31-03-2008 dks 2215-41 2212-55

6[k & iqujZpuk ds v/hu ½.k vkfLr;ksa ds C;kSjs (#i;s djksM+ esa)

en 31.03.2009 31.03.2008

i. iqujZpuk] iqufuZ/kZj.k] iqu% le>kSrsds v/hu ½.k vkfLr;ksa dhdqy jkf'k 4074-68 1001-58

• blesa ls lhMhvkj ds vUrxZr 352-56 242-23

ii. iqujZpuk] iqufuZ/kZj.k] iqu% le>kSrs 3852-35 773-10ds v/hu ekud vkfLr;ksa dh jkf'k


iii. iqujZpuk] iqufuZ/kZj.k] iqu% le>kSrs dsv/hu voekud vkfLr;ksa dh jkf'k 113-35 225-68


iv. iqujZpuk] iqufuZ/kZj.k] iqu% le>kSrsds v/hu lafnX/ vkfLr;ksa dh jkf'k 108-98 2-80


v. iqujZpuk] iqufuZ/kkZj.k] iqu% le>kSrs dsv/hu ?kkVs okyh vkfLr;ksa dh jkf'k 0-00 0-00


uksV % [(i) = (ii)+ (iii) + (iv)+(v)]

PNB 90-135.pmd 6/24/2009, 6:04 PM114

115

6c. Particulars of Accounts Restructured:

(Rs. in crores)

CDR SME Debt Others

Mechanism Restructuring

Standard No. of Borrowers 9 1167 10664

advances

restructured Amount outstanding 352.56 616.12 2883.67

Sacrifice (diminution in

the fair value) 25.12 28.95 101.87

Sub standard No. of Borrowers 0.00 65 678

advances

restructured Amount outstanding 0.00 37.33 76.02


the fair value) 0.00 1.87 3.80

Doubtful No. of Borrowers 0.00 5 70

advances

restructured

Amount outstanding 0.00 4.65 104.33


the fair value) 0.00 0.23 5.22

TOTAL No. of Borrowers 9 1237 11412

Amount outstanding 352.56 658.10 3064.02


the fair value)* 25.12 31.05 110.89

*For advances of Rs. 25 crores and above and CDR, sacrfice has

been calculated on net present value basis as per RBI circular. In

case of advances of Rs. 1 crore to 25 crore sacrifice is calculated

at Rs. 100.88 crores @ 5% of the amount outstanding besides

advances below Rs. 1 crore.

6d. Additional disclosure regarding restructured accounts*

S. Disclosures Number Amount

No. (Rs.in crores)

1 Application received up to 13021 4660.58

March 31, 2009 for restructuring,

in respect of accounts which

were standard as on

September 1, 2008.

2 Of (1), proposals approved and 11850 3650.55

implemented as on March

31, 2009 and thus became

eligible for special regulatory

treatment and classified as

standard assets as on the

date of the balance sheet.

3 Of (1), proposals approved and 767 188.19

implemented as on March 31,

2009 but could not be upgraded

to the standard category.

4 Of (1) proposals under process/ 27 810.08

implementation which were

standard as on March 31, 2009.

5 Of (1) proposals under process/ 7 9.43

implementation which turned

NPA as on March 31, 2009

but are expected to be classified

as standard assets on full im

plementation of the package.

*As compiled and certified by the management

6x- iqu% lajpuk okys [kkrksa ds fooj.k(#i;s djksM+ esa)

lhMhvkj ,l,ebZ ½.k vU;i¼fr iqu%lajpuk

iqu% ½f.k;ksa dh la[;k 9 1167 10664

lajfprekud vfxze cdk;k jkf'k 352.56 616.12 2883.67

vfxze NksM+h xbZ jkf'k (mfpr 25.12 28.95 101.87

ewY; esa deh)iqu% ½f.k;ksa dh la[;k 0.00 65 678

lajfprvekud cdk;k jkf'k 0.00 37.33 76.02

vfxzeNksM+h xbZ jkf'k (mfpr 0.00 1.87 3.80

ewY; esa deh)

iqu% lajfpr ½f.k;ksa dh la[;k 0.00 5 70

lafnX/ vfxze cdk;k 0.00 4.65 104.33

jkf'k

NksM+h xbZ jkf'k (mfpr 0.00 0.23 5.22

ewY; esa deh)

tksM+ ½f.k;ksa dh la[;k 9 1237 11412

cdk;k jkf'k 352.56 658.10 3064.02

NksM+h xbZ jkf'k (mfpr 25.12 31.05 110.89

ewY; esa deh)*

* 25 djksM+ #- vkSj vf/d ds vfxzeksa rFkk lhMhvkj ds lEcU/ esa NksM+h tkus okyhjkf'k dh x.kuk 'kq¼ orZeku ewY; ds vk/kj ij Hkkjrh; fjT+koZ cSad ds ifji=k dsvuqlkj dh xbZ gSA ,d djksM+ #i;s ls 25 djksM+ #i;s rd ds vfxzeksa ds lEcU/esa NksM+h Tkkus okyh jkf'k dh x.kuk 100-88 djksM+ #i;s ds fy, cdk;k jkf'k ds 5»dh nj vkSj ,sls gh ,d djksM+ ds vfxzeksa ds fy, Hkh dh tkrh gSA6?k- iqu% lajfpr [kkrksa ds lEcU/ esa vfrfjDr çdVhdj.k*

Øe çdVhdj.k la[;k jkf'k #i;s

la- djksM+ esa

1 tks [kkrs 1 flrEcj] 2008 rd ekud Fks 13021 4660.58

muds lEcU/ esa 31 ekpZ] 2009 rd

iqu% lajpuk ds fy, çkIr vkosnuA

2 mi;qZDr (1) esa ls 31 ekpZ] 2009 dh 11850 3650.55

fLFkfr ds vuqlkj vuqeksfnr vkSj dk;kZfUor

çLrko tks fo'ks"k fu;ked O;ogkj ds fy,

ik=k cu x, Fks vkSj rqyui=k dh rkjh[k

dks ekud vkfLr;ksa ds :i esa oxhZÑr gq,A

3 mi;qZDr (1) esa ls 31 ekpZ] 2009 dh fLFkfr 767 188.19

ds vuqlkj vuqeksfnr vkSj dk;kZfUor ,sls

çLrko ftUgsa ekud Js.kh esa ugha j[kk tk ldkA

4 mi;qZDr (1) esa ls ,sls çLrko ftuij 27 810.08

dkjZokbZ@dk;kZUo;u fd;k tk jgk Fkk rFkk

tks 31 ekpZ] 2009 dks ekud FksA

5 mi;qZDr (1) esa ls ,sls çLrko ftuij 7 9.43

dkjZokbZ@dk;kZUo;u fd;k tk jgk Fkk rFkk

tks 31 ekpZ] 2009 dks vutZd vkfLr;k¡

gks x, ijUrq iwjs iSdst ds dk;kZUo;u

ds ckn ftuds ekud vkfLr;ksa ds :i

esa oxhZÑr gksus dh vk'kk gSA

*eSustesaV }kjk rS;kj o izekf.kr fd, x,A

PNB 90-135.pmd 6/24/2009, 6:04 PM115

116

6e. Details of financial assets sold to Securitisation/

Reconstruction Company (SC/RC) for Asset Reconstruction

(Rs. in crore)

Items 31.03.2009 31.03.2008

i. No. of Accounts 31 4

ii. Aggregate value

(net of provisions) of

accounts sold to SC/RC 28.34 141.36

iii. Aggregate consideration 150.20 168.30

iv. Additional consideration realized

in respect of accounts transferred

in earlier years 2.44 0.53

v. Aggregate gain/loss over net

book value 121.86 26.94

6f. Details of non-performing financial assets purchased /sold

A. Details of non-performing financial assets purchased:

(Rs. in crore)

Particulars 31.03.2009 31.03.2008

1 (a) No. of accounts purchased

during the year NIL NIL

(b) Aggregate outstanding NIL NIL

2 (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 to

Banks/FIs/NBFCs:

(Rs. in crore)

Particulars 31.03.2009 31.03.2008

1 No. of accounts sold

during the year NIL 4

2 Aggregate outstanding NIL 39.17

3 Aggregate consideration

received NIL 7.42

6g. Provisions on Standard Assets

(Rs. in crore)

Items 31.03.2009 31.03.2008

Provided during the year 64.64 138.50

Cumulative Balance (included

under “Other Liabilities &

Provisions” in Schedule 5

to the balance sheet) 640.19 575.15

7. Business Ratios

Items 31.03.2009 31.03.2008

i. Interest Income as a

percentage to Working

Funds 8.70% 8.01%

ii. Non-Interest Income as

a percentage to Working

Funds 1.31% 1.12%

6Ä- vkfLr;ksa dh iqujZpuk gsrq çfrHkwfrdj.k@iqujZpuk dEiuh dkscsph xbZ foÙkh; vkfLr;ksa dk C;kSjk

(#i;s djksM+ esa) en 31.03.2009 31.03.2008

i. [kkrksa dh la[;k 31 4

ii. ,llh@vkjlh dks csps x, [kkrksa dk 28-34 141-36dqy ewY; (çko/kuksa dks NksMdj)

iii. dqy çfriQy 150-20 168-30

iv. fiNys o"kks± esa varfjr fd, x, [kkrksa 2-44 0-53ds lEcU/ esa çkIr vfrfjDr çfriQy

v. fuoy vafdr ewY; dh rqyuk esadqy ykHk@gkfu 121-86 26-94

6p- [kjhnh@csph x;h vutZd foÙkh; ifjlaifÙk;ksa ds C;kSjs

d- [kjhnh x;h vutZd foÙkh; ifjlaifÙk;ksa ds C;kSjs(#i;s djksM+ esa)

fooj.k 31.03.2009 31.03.2008

1 (d) o"kZ ds nkSjku [kjhns x, 0 0[kkrksa dh la[;k

([k) dqy cdk;k 0 0

2 (d) buesa ls o"kZ ds nkSjku 0 0iqu%lajfpr [kkrksa dh la[;k

([k) dqy cdk;k 0 0

[k- cSadksa@foÙkh; laLFkkvksa@xSj cSafdax foÙkh; laLFkkvksa dks csph x;hvutZd foÙkh; ifjlaifÙk;ksa ds C;kSjs

(#i;s djksM+ esa)

fooj.k 31.03.2009 31.03.2008

1 o"kZ ds nkSjku csps x, [kkrksa dh la[;k 0 4

2 dqy cdk;k 0 39-17

3 dqy çkIr çfriQy 0 7-42

6N ekud vkfLr;ksa lEcU/h çko/ku(#i;s djksM+ esa)

en 31.03.2009 31.03.2008

o"kZ ds nkSjku fd;k x;k çko/ku 64-64 138-50

lap;h 'ks"k (rqyui=k dh vuqlwph 5esa ¶vU; ns;rk,a vkSj çko/ku¸ dsvUrxZr lfEefyr fd;k x;k) 640-19 575-15

7- dkjksckjh vuqikr

en 31.03.2009 31.03.2008

i. dk;Zdkjh fuf/;ksa ds çfr'kr ds:i esa C;kt vk; 8-70» 8-01»

ii. dk;Zdkjh fuf/;ksa ds çfr'kr ds :iesa x+Sj&C;kt vk; 1-31» 1-12»

PNB 90-135.pmd 6/24/2009, 6:04 PM116

117

Items 31.03.2009 31.03.2008

iii. Operating profit as a

percentage to Working

Funds 2.59% 2.25%

iv. Return on Assets 1.39% 1.15%

v. Business (Deposits

plus advances) per

employee (Rs. in lacs) 654.92 504.52

vi. Profit per employee

(Rs. in lacs) 5.64 3.66

8. Asset Liability Management*

Maturity Pattern of certain item of assets and Liabilities

(Rs. in crore)

Maturity Deposits Advances Investments Borrowings Foreign Foreign

Pattern (gross) Currency currency

Assets liabilities

Next day 2820.60 3770.72 30.00 458.37 129.77 463.31

(482.71) (1156.11) (0.00) (526.22) (242.80) (174.80)

2 days-7days 5554.07 3885.62 1048.20 37.25 683.76 91.85

(3231.16) (2771.30) (252.36) (2257.30) (85.15) (50.01)

8-14 days 1544.56 3561.19 19.54 17.35 148.65 226.35

(3550.34) (4405.91) (110.69) (42.91) (100.58) (89.30)

15-28 days 4098.11 5356.90 888.69 50.72 764.82 572.16

(4294.72) (3198.21) (783.81) (656.06) (216.96) (39.48)

29 days to 10275.85 9196.65 2037.16 729.59 1427.33 2997.64

3 months (9729.79) (6761.40) (1227.04) (651.89) (814.73) (204.86)

Over 3 months 20947.20 9100.17 2252.52 1392.93 2459.33 1772.14

to 6 months (6031.64) (5899.85) (1648.69) (597.03) (1242.07) (854.75)

Over 6 months 26693.26 19826.42 2450.11 54.16 1064.97 1211.55

to 1 year (25454.66) (11310.24) (2720.24) (242.55) (230.13) (592.12)

Over 1Year 87068.10 64585.98 7119.31 976.88 884.92 371.91

to 3 Years (73253.88) (54597.30) (8686.87) (442.13) (350.17) (244.71)

Over 3 Years 2237.64 18754.76 11273.97 86.62 727.19 30.61

to 5 Years (3985.81) (13889.11) (8819.48) (19.66) (360.51) (25.03)

Over 5 Years 48521.11 16664.58 36641.15 570.49 245.70 285.74

(36442.51) (15512.14) (30662.73) (10.81) (336.96) (115.45)

Total 209760.50 154702.99 63760.65 4374.36 8536.44 8023.26

(166457.22) (119501.57) (54911.91) (5446.56) (3980.06) (2390.51)

*As compiled by the management.


9. Exposures:

9a Exposure to Real Estate Sector

(Rs. in crore)

Category 31.03.2009 31.03.2008

(A) Direct Exposure

i. Residential Mortgages – Lending 11883.77 10903.59

fully secured by mortgages on

residential property that is or will be

occupied by the borrower or that is

rented includes (individual housing

loans Rs 9021.01 crore as on

31.03.2009 upto Rs.20 lakh and

Rs. 7906.69 crore as on

31.03.2008 upto Rs20 lakh)

en 31.03.2009 31.03.2008

iii. dk;Z'khy fuf/;ksa ds çfr'kr ds

:i esa ifjpkyu ykHk 2-59» 2-25»

iv. vkfLr;ksa ij çfriQy 1-39» 1-15»

v. çfr deZpkjh dkjksckj (tek rFkk

vfxze)(yk[k #i;ksa esa) 654-92 504-52

vi. çfr deZpkjh ykHk (yk[k #i;ksa esa) 5-64 3-66

8- vkfLr&ns;rk çcU/u*

vkfLr;ksa vkSj ns;rkvksa dh dqN enksa dk ifjiDork çfreku

(#i;s djksM+ esa)

ifjiDork tek vfxze fuos'k m/kj fons'kh eqæk fons'kh eqækçfreku jkf'k;ka (ldy) vkfLr;ka ns;rk,a

vkxkeh fnu 2820-60 3770-72 30-00 458-37 129-77 463-31(482-71) (1156-11) (0-00) (526-22) (242-80) (174-80)

2 fnu&7 fnu 5554-07 3885-62 1048-20 37-25 683-76 91-85(3231-16) (2771-30) (252-36) (2257-30) (85-15) (50-01)

8&14 fnu 1544-56 3561-19 19-54 17-35 148-65 226-35(3550-34) (4405-91) (110-69) (42-91) (100-58) (89-30)

15&28 fnu 4098-11 5356-90 888-69 50-72 764-82 572-16(4294-72) (3198-21) (783-81) (656-06) (216-96) (39-48)

29 fnu ls 3 ekg 10275-85 9196-65 2037-16 729-59 1427-33 2997-64(9729-79) (6761-40) (1227-04) (651-89) (814-73) (204-86)

3 ekg ls vf/d 20947-20 9100-17 2252-52 1392-93 2459-33 1772-14rFkk 6 ekg rd (6031-64) (5899-85) (1648-69) (597-03) (1242-07) (854-75)

6 ekg ls vf/d 26693-26 19826-42 2450-11 54-16 1064-97 1211-55rFkk 1 o"kZ rd (25454-66) (11310-24) (2720-24) (242-55) (230-13) (592-12)

1 o"kZ ls vf/d 87068-10 64585-98 7119-31 976-88 884-92 371-91rFkk 3 o"kZ rd (73253-88) (54597-30) (8686-87) (442-13) (350-17) (244-71)

3 o"kZ ls vf/d 2237-64 18754-76 11273-97 86-62 727-19 30-61rFkk 5 o"kZ rd (3985-81) (13889-11) (8819-48) (19-66) (360-51) (25-03)

5 o"kZ ls vf/d 48521-11 16664-58 36641-15 570-49 245-70 285-74(36442-51) (15512-14) (30662-73) (10-81) (336-96) (115-45)

tksM+ 209760-50 154702-99 63760-65 4374-36 8536-44 8023-26(166457-22) (119501-57) (54911-91) (5446-56) (3980-06) (2390-51)

*çcU/u }kjk fd, x, lesdu ds vuqlkj

(dks"Bdksa esa fn, x, vkadM+s fiNys o"kZ ds gSa)

9 m/kj9-d LFkkoj laink {ks=k esa m/kj

(#i;s djksM+ esa)

Js.kh 31-03-2009 31-03-2008

(v) çR;{k m/kj

i. vkoklh; lEifÙk ca/d % vkoklh; lEifÙk] 11883-77 10903-59tks m/kjdrkZ }kjk vf/dkj esa yh xbZ gS ;kyh tk;sxh ;k HkkM+s ij nh xbZ gS] cU/d}kjk iw.kZr% lqjf{kr m/kj (31-03-2009 dks20 yk[k #i;s rd ds #i;s 9021-01 djksM+ds rFkk 31-03-2008 dks 20 yk[k rd ds#i;s 7906-69 djksM+ ds oS;fDrd vkoklh;½.k 'kkfey gSa)

tkjh---@ Contd.

PNB 90-135.pmd 6/24/2009, 6:04 PM117

118

Category 31.03.2009 31.03.2008

ii. Commercial Real Estate – including 14694.94 9330.24

NFB limits - Lending secured by

mortgages on commercial real

estates (office buildings, retail space,

multi-purpose commercial premises,

industrial or warehouse space,

hotels, land acquisition, development

and construction etc.) Exposure

would also include non-fund

based (NFB) limits.

iii. Investments in Mortgage Backed

Securities (MBS) and other

securitised exposures -

(a) - Residential 44.12 51.83

(b) - Commercial Real Estate 0.00 0.00

(B) Indirect Exposure

Fund based and non fund based 3097.80 2896.59

exposures on National Housing Bank

(NHB) and Housing Finance Companies

(HFCs)

Including investments of Rs 215.30

crores as on 31.03.2009 and

Rs.513.18 crores as on 31.03.2008

9b. Exposure to Capital Market

(Rs. in crore)

Particulars 31.03.2009 31.03.2008

1. Direct investment in equity shares, 1065.49 851.20

convertible bonds, convertible

debentures and units of equity

oriented mutual funds the corpus of

which is not exclusively invested in

corporate debt;

2. Advances against shares/bonds/ 8.74 8.66

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;

3. Advances for any other purposes where 106.25 0.20

shares or convertible bonds or

convertible debentures or units of

equity oriented mutual funds are

taken as primary security;

4. Advances for any other purposes to the 1528.65 1011.01

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

5. Secured and unsecured advances to 337.98 739.96

stock brokers and guarantees issued

on behalf of stock brokers and

market makers

Js.kh 31-03-2009 31-03-2008

ii. okf.kfT;d LFkkoj laink & x+Sj fuf/ vk/kfjr 14694-94 9330-24lhekvksa lfgr ;s ½.k okf.kfT;d LFkkojlaink ij ca/d ds l`tu }kjk lqjf{kr fd,tk;saxs (buesa dk;kZy; dk Hkou] [kqnjkdkjksckj dk LFkku] cgqmís'kh; okf.kfT;difjlj] vkS|ksfxd vFkok xksnke dk LFkku]gksVy] Hkwfe] ml ij fd;k x;k fodkl vkSjfuekZ.k vkfn 'kkfey gksaxsA bu ½.kksa esa xS+jfuf/ vk/kfjr lhek,a Hkh 'kkfey gksaxhA

iii. ca/d lefFkZr çfrHkwfr;ksa (,ech,l) esam/kj vkSj vU; tek çfrHkwfrÑr m/kj

(d) & vkoklh; 44-12 51-83

([k) & okf.kfT;d LFkkoj laink 0-00 0-00

(vk) vçR;{k m/kj

jk"Vªh; vkokl cSad (,u,pch) vkSj 3097-80 2896-59vkokl foÙk dEifu;ksa (,u,p,iQlh) dslEcU/ esa fuf/ vk/kfjr rFkk xSj fuf/vkèkkfjr m/kj

blesa 31-03-2009 dks #i;s 215-30djksM+ ds fuos'k rFkk 31-03-2008 dks#i;s 513-18 djksM+ ds fuos'k lfEefyr gSaA

9[k- iwath ckt+kj dks m/kj(#i;s djksM+ esa)

fooj.k 31-03-2009 31-03-2008

1- bfDoVh 'ks;jks a] ifjorZuh; ca/i=kks a] 1065-49 851-20ifjorZuh; fMcsapjksa vkSj bfDoVh mUeq[kE;wpqvy i+QaMksa ds ;wfuVksa esa çR;{k fuos'kftuesa dkWjiksjsV m/kj esa iw.kZr;k fuos'kugha gS

2- 'ks;jksa (vkbZihvks@bZ,lvksih lfEefyr gSa) 8-74 8-66ifjorZuh; ca/i=kksa] ifjorZuh; fMcsapjksavkSj bfDoVh mUeq[k E;qpqvy iQaMksaesa fuos'k ds fy, O;f"V;ksa dks 'ks;jksa@ca/ i=kksa@fMcsapjksa ;k vU; çfrHkwfr;ksa dhizfrHkwfr ij ;k vizfrHkwr vfxze

3- fdlh vU; ç;kstu ds fy, vfxze tgka 106-25 0-20'ks;jksa ;k ifjorZuh; ca/ i=kksa ;k ifjorZuh;fMcsapjksa ;k bfDoVh mUeq[k E;qpqvy iQaMksads ;wfuVksa dks izkFkfed çfrHkwfr ds :i esaj[kk x;k gksA

4- fdlh vU; ç;kstu ds fy, vfxze tgka 1528-65 1011-01'ks;jksa ;k ifjorZuh; ckaM] ifjorZuh;fMcsapj vkSj bfDoVh mUeq[k E;wpqvyiQaMksa ds ;wfuVksa dh lEikf'Zod çfrHkwfrrd izfrHkwfr nh xbZ gks vFkkZr~ tgk¡ifjorZuh; ck¡M@ifjorZuh; fMcsapj@bfDoVhmUeq[k E;qpqvy iQaMksa ds ;wfuVksa ls fHkUuçkFkfed çfrHkwfr vfxzeksa dks iwjh rjgdoj ugha djrh gSaA

5- LVkWd czksdjksa dks izfrHkwr rFkk vizfrHkwr 337-98 739-96vfxze vkSj LVkWd czksdjksa rFkk ekdsZVesdjksa dh vksj ls nh xbZ xkjafV;k¡


tkjh---@ Contd.

PNB 90-135.pmd 6/24/2009, 6:04 PM118

119

6. Loans sanctioned to corporate 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;

7. Bridge loans to companies against — —

expected equity flows/issues;

8. Underwriting commitments taken 45.00 —

up by the banks in respect of primary

issue of shares or convertible bonds

or convertible debentures or units of

equity oriented mutual funds;

9. Financing to stock brokers for — —

margin trading

10. All exposures to Venture Capital 383.80 354.09

funds (both registered and unregistered)

will be deemed to be on par with

equity and hence will be reckoned for

compliance with the capital market

exposure ceilings (both direct

and indirect);

Total Exposure to Capital Market 3475.91 2965.12

9c. Risk Category wise Country Exposure

Bank's net funded exposure for risk category-wise country exposures

for each country is less than 1% of bank's assets as on 31.03.2009

and as such no provision is required in terms of RBI Cir. No.

DBOD.BP.BC.96/21.04.103/2003-2004 dated 17.06.2004.

9d. Details of Single Borrower Limit and Group Borrower Limit exceeded

by the bank :

The Bank has not exceeded prudential exposure ceilings in respect of any

Group accounts. However, the exposure ceiling stipulated for individual

borrowers at 15% of capital funds has been exceeded in following

individual account during the period 01.04.2008 to 31.03.2009:

Position as on 31.03.2009 (Rs. In crore)

Sl. Name of Limit Limit Outstanding* Outstanding*

No. borrower Sanctioned* Sanctioned* Fund Based Non Fund

Fund Based Non Fund Based based

1 ICICI Bank Ltd.$ 1817.00 0.00 1110.68 0.00

2. National Aviation

Co. of India Ltd. 2905.00 150.00 1635.68 134.93

* Including investment through Treasury Division, HO

$ During the year maximum exposure in the account was Rs. 3317 crore

including investment through Treasury Division, HO.

The excess exposure in the above accounts was permitted by Board within

20% of Bank's Capital Funds in accordance with guidelines issued by Reserve

Bank of India.

10. Amount of provision made for income tax during the year

(Rs. in crore)

31.03.2009 31.03.2008

Current income tax 1616.05 1084.75

Income tax on Blocked Accounts 0.00 180.00

Provision for earlier years 85.27 0.00

Deferred tax -41.46 -31.50

Fringe benefits tax 12.68 10.45

6- lalk/uksa ds c<+us dh laHkkouk esa u;h & &dEifu;ksa dh bfDoVh ds çfr çkseksVjksa dsva'k dks iwjk djus ds fy, 'ks;jksa@ck¡Mksa@fMcsapjksa ;k vU; çfrHkwfr;ksa dh çfrHkwfrij ;k fcuk izfrHkwfr ds dkWjiksjsVksa dksLohÑr fd;k x;k ½.k

7- laHkkfor bfDoVh çokgksa@b';qvksa ds çfr & &dEifu;ksa dks iwjd ½.k

8- 'ks;jksa ;k ifjorZuh; ca/ i=kksa ;k ifjorZuh; 45-00 &fMcsapjksa ;k bfDoVh mUeq[k E;qpqvy iQaMksads ;wfuVksa ds çkbejh b';w ds lEcU/ esacSadksa }kjk gkehnkjh ok;nk

9- ekftZu VªsfMax ds fy, LVkWd czksdjksa dks & &foÙk iks"k.k

10- osapj dSfiVy iQaMksa (iathÑr vkSj xSj 383-80 354-09iathÑr nksuksa) esa fd, x, lHkh fuos'kbfDoVh ds lerqY; le>s tk;saxs vkSjblfy, iwath ckT+kkj m/kjh ifjlhek(çR;{k vkSj vçR;{k nksuksa) dh vuqikyukgsrq iawth ckT+kkj dks dqy m/kj

iawth ckT+kkj dks dqy ½.k 3475-91 2965-12

9x- tksf[ke Js.khokj ns'k lEcU/h ,Dlikst+j

çR;sd ns'k ds fy, cSad dh 'kq¼ fuf/;ksa dk tksf[ke Js.khokj ns'kh; ,DlikstjcSad dh 31-03-2009 dh vkfLr;ksa ds 1% ls de gS] vr% Hkkjrh; fjT+koZ cSadds ifji=k la[;k MhchvksMh % Mhih % chlh 96@21-04-103@2003&04 fnukad17-06-2004 ds vuqlkj dksbZ çko/ku visf{kr ugha gSA

9-?k cSad }kjk ,dy m/kjdrkZ lhek o lewg m/kjdrkZ lhek ds mYya?ku ds C;kSjs %

cSad us fdlh lewg [kkrs ds lEcU/ esa foosdiw.kZ lhekvksa dk mYya?ku ughafd;k gS rFkkfi o"kZ 01-04-2008 ls 31-03-2009 ds nkSjku fuEufyf[kr ,dy[kkrksa esa O;fDrxr m/kjdrkZvksa ds fy, fu/kZfjr iwTkahxr fuf/;ksa dh 15% dh,DliksT+kj lhek dk vfrØe.k fd;k gSA

31-03-2009 dh fLFkfr ds vuqlkj (#i;s djksM+ esa)

Ø- m/kjdrkZ dk fuf/ xS+j fuf/ fuf/ x+Sj fuf/la- uke vk/kfjr vk/kfjr vk/kfjr vk/kfjr

LohÑr lhek* LohÑr lhek* cdk;k 'ks"k* cdk;k 'ks"k

1 vkbZlhvkbZlhvkbZ 1817-00 0-00 1110-68 0-00cSad fy-$

2- uS'kuy ,fo,'ku 2905-00 150-00 1635-68 134-93dEiuh bafM;kfyfeVsM

* dks"k izHkkx] iz/ku dk;kZy; ds ekè;e ls fd;k x;k fuos'k 'kkfey gSA$ o"kZ ds nkSjku bl [kkrs esa ,Dlikst+j dh vf/dre jkf'k 3317 djksM+ #i;s Fkh ftlesa

dks"k izHkkx] iz/ku dk;kZy; }kjk fd;k x;k fuos'k Hkh 'kfey gSA

Hkkjrh; fjT+koZ cSad }kjk tkjh fn'kk funZs'kkuqlkj] cksMZ us vf/d ,Dlikst+j dh vuqefrnh gS tks cSad ds iw¡thxr fuf/;ksa ds 20» ds Hkhrj gSA

10- o"kZ ds nkSjku vk;dj gsrq dh xbZ çko/ku dh jkf'k(#i;s djksM+ esa)

31-03-2009 31-03-2008

orZeku vk;dj 1616-05 1084-75

vo#¼ [kkrksa ij vk;dj 0-00 180-00

iwoZorhZ o"kks± ds fy, çko/ku 85-27 0-00

vkLFkfxr dj &41-46 &31-50

vuq"kaxh iQk;nk dj 12-68 10-45


PNB 90-135.pmd 6/24/2009, 6:04 PM119

120

11. Disclosure of penalties imposed by the RBI:

During the year no penalty has been imposed by RBI on the

bank.

Other Disclosures required by Accounting Standards

12. AS -5 Prior Period and Change in Accounting Policy

The Bank hitherto has been accounting for interest on

unclaimed matured term deposits for overdue period at the

time of renewal of such deposits. In terms of RBI Circular

NO. DBOD.No.Leg.B.C.34/09.07.005/2008-09 dated

August 22, 2008, such Interest has been accounted for at

Saving bank rate w.e.f 22.8.2008 till such deposits are

renewed. The differential interest for overdue period is

accounted for at the time of renewal. Due to such change

the profit for the year is lower by Rs 25.57 Crores.

There were no material prior period income/expenditure items

requiring disclosure under AS–5.

13. AS- 6 Depreciation accounting

Break up of total depreciation for the year for each class of

assets

(Rs. in crore)

Class of assets 31.03.2009 31.03.2008

Premises 7.59 8.11

Other fixed assets 167.29 146.01

Leased assets 0.20 0.20

Computer software 15.98 15.91

Total 191.06 170.23

14. AS- 9 Revenue Recognition:

Certain items of income are recognized on realization basis as per

Accounting Policy No. 10(4). However, the said income is not

considered to be material.

15. AS 11- Changes in foreign exchange rates:

Movement of foreign currency translation reserve

Particulars Amount (Rs. In Crore)

Balance as at 1st

April 2008 0.63

Credited during the period

1.4.08 to 31.03.2009 4.15

Withdrawn during the period 0.00

Balance as at 31.03.2009 4.78

16. AS 15 – Employees Benefits:

ADOPTION OF AS – 15(R):

The Bank has adopted Accounting Standard 15(R) - Employee

Benefits, issued by the Institute of Chartered Accountants of

India (ICAI), with effect from 1st

April 2007.

The Bank recognizes in its books of accounts the liability

arising out of Employee Benefits as the sum of the present

value of obligation as reduced by fair value of plan assets on

the Balance Sheet date.

11- fjT+koZ cSad }kjk yxk;h x;h 'kkfLr dk çdVhdj.k %

Hkkjrh; fjT+koZ cSad us o"kZ ds nkSjku dksbZ 'kkfLr vkjksfir ugha dh gS A

ys[kk ekudksa }kjk visf{kr vU; çdVhdj.k

12- ys[kk ekud&5 iwoZ vof/ vkSj ys[kkadu uhfr esa ifjorZu

igys cSad vnkoh ifjiDo tekjkf'k;ksa ij muds uohdj.k ds le;vfrns; vof/ ds fy, C;kt dh x.kuk djrk jgk gS A fnukad 22vxLr 2008 ds Hkkjrh; fjT+koZ cSad ds ifji=k la MhchvksMh la[;k %,ybZth % chlh % 34@09-07-005@2008&09 ds vuqlkj fnukad 22-08-2008ls C;kt dh x.kuk rc rd ds fy, cpr cSad [kkrs dh nj ls dh xbZgS tc rd ,slh tek jkf'k;ksa dk uohdj.k ugha gks tkrk A vfrns;vof/ ds fy, C;kt ds varj dh x.kuk uohdj.k ds le; dh tkrhgSA bl ifjorZu ds dkj.k o"kZ ds ykHk esa ifjorZu gqvk gS vkSj ;g25-57 djksM+ #i;s ?kV x;k gS A

ys[kk ekud&5 ds v/hu iwoZ vof/ ds vk;@O;; ds dksbZ egRoiw.kZçdVhdj.k visf{kr ugha gSa A

13- ys[kk ekud&6 % ewY;ßkl ys[kk fof/

o"kZ esa vkfLr;ksa ds çR;sd oxZ ds fy, fd, x, ewY;ßkl dk C;kSjk(#i;s djksM+ esa)

vkfLr Js.kh 31-03-2009 31-03-2008

ifjlj 7-59 8-11

vU; vpy vkfLr;ka 167-29 146-01

iV~Vs okyh vkfLr;ka 0-20 0-20

dEI;wVj lkWÝVos;j 15-98 15-91

tksM+ 191-06 170-23

14- ys[kk ekud 9% jktLo igpku

vk; dh dqN enksa dh igpku ys[kk uhfr la[;k 10 (4) ds vuqlkj olwyhvk/kj ij gS rFkkfi mDr vk; egRoiw.kZ ugha le>h tkrh A

15- ys[kk ekud 11 % fons'kh fofue; njksa esa ifjorZu

fons'kh eqæk ifjorZu çkjf{kr dk ewoesaV

fooj.k jkf'k (#i;s djksM+ esa)

1 vçSy 2008 dks 'ks"k 0-63

01-04-08 ls 31-03-09 dh vof/ dsnkSjku tek fd;k x;k 4-15

vof/ esa fudklh 0-00

31-03-2009 dks 'ks"k 4-78

16- ys[kk ekud 15 deZpkjh iQk;ns %

ys[kk ekud 15 (la'kksf/r) dk vaxhdj.k %

cSad us 01-04-2007 ls Hkkjrh; lunh ys[kkdkj laLFkku }kjk tkjh ys[kkekud & 15 (la'kksf/r) & deZpkjh iQk;ns dks vaxhdkj fd;k gS A

cSad us ys[kkcfg;ksa esa rqyui=k frfFk dks ;kstuk vkfLr;ksa ds mfpr ewY;dks ?kVkdj ns;rk ds orZeku ewY; dh jkf'k ds :i esa deZpkjh iQk;nksals vk;h ns;rk dks ekU; fd;k gSA

PNB 90-135.pmd 6/24/2009, 6:04 PM120

121

TRANSITIONAL LIABILITY

The transitional liability as on 01.04.08 on account of other long-

term employee benefits such as Leave fare concession,

Accumulating compensating sick leave, Silver jubilee award etc. to

the extent not charged was amounting to Rs.175.00 crores. A

sum of Rs.43.80 crores representing one fifth of transitional liability

has been charged to Profit & Loss A/c of the current financial year

ended 31st

March 2009. The balance-unrecognized liabilities of

Rs.131.20 crores have been carried forward and the same will be

charged off in the next three years.

DISCLOSURE IN ACCORDANCE WITH AS – 15(R):

In line with the accounting policy and as per the Accounting Standard

– 15(R), the summarized position of post employment benefits are

recognized in the Profit & Loss A/c and Balance Sheet as under:

I. Principal Actuarial assumption at the Balance sheet date

(expressed as weighted averages)

(in %)

Particulars Pension Gratuity Leave Encashment

(Funded) (Funded) (Unfunded)

31.03.2008 31.03.2009 31.03.2008 31.03.2009 31.03.2008 31.03.2009

Discount rate 8.00% 7.34% 8.00% 7.34% 8.00% 7.34%

Expected rate

of return on

plan assets 8.30% 8.30% 8.25% 8.25% 0.00% 0.00%

Rate of 6.50% 6.50% 6.50% 6.50% 6.50% 6.50%

escalation in

salary

Attrition rate 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%

Method used PUC PUC PUC PUC PUC PUC

II. Changes in the present value of the obligations (PVO) Reconciliation

of Opening and Closing balances

(Rs. in crores)

Particulars Pension Gratuity Leave

(Funded) (Funded) Encashment

(Unfunded)

PVO as at the beginning

of the period 3378.00 1359.00 755.00

Interest Cost 264.17 97.60 58.06

Current service cost 295.44 56.55 31.49

Past service cost–

Vested Benefits 0.00 0.00 0.00

Past service cost–

Non Vested Benefits 0.00 0.00 0.00

Benefits paid (151.83) (58.71) (58.46)

Actuarial loss/(gain) on obligations 239.22 23.56 66.91

PVO as at the end of 31.03.2009 4025.00 1478.00 853.00

III. Changes in the Fair value of Plan Assets – Reconciliation of opening

and closing balances :

(Rs. in Crores)



(Unfunded)

Fair Value of Plan Assets as at 3047.93 1132.47 0.00

the beginning of the period

Expected return of Plan Assets 279.11 105.54 0.00

Employer's Contribution 781.60 352.28 58.46

Benefits paid (151.83) (58.71) (58.46)

Actuarial gain(loss) on plan assets 9.67 5.35 0.00

Fair Value of Plan Assets as 3966.48 1536.93 0.00

at 31st

March 2009

laØe.k'khy ns;rkvU; nh?kZdkfyd deZpkjh i+Qk;ns tSls NqV~Vh fdjk;k fj;k;r] mifpr{kfriwjd chekjh dh NqV~Vh] jtr t;Urh vokMZ bR;kfn ds dkj.k 1-4-08dks laØe.k'khy ns;rk #i;s 175-00 djksM+ dh gSA laØe.k'khy ns;rk dk1@5 vFkkZr~ #i;s 43-80 djksM+ dh jkf'k dks 31-03-2009 [kkrs dks lekIrpkyw foÙkh; o"kZ ds ykHk o gkfu esa pktZ fd;k x;k gSA #i;s 131-20 djksM+dh jkf'k 'ks"k xSj ekU; ns;rk dks vkxs ys tk;k x;k gS vkSj vkxkeh rhu o"kks±esa mls pktZ vkWiQ fd;k tk,xkA

ys[kk ekud & 15 (la'kksf/r) ds vuqlkj çdVhdj.kys[kk uhfr ds vuq:i rFkk ys[kk ekud & 15 (la'kksf/r) ds vuqlkj jkstxkjmijkUr feyus okys iQk;ns dh laf{kIr fLFkfr dks ykHk o gkfu [kkrs vkSjrqyui=k esa fuEuor~ ekU;rk çnku dh xbZ gS %

I. rqyui=k dh rkjh[k dks ç/ku chekafdd ekU;rk (Hkkfjr vuqikrksa ds:i esa O;Dr)

(% esa)fooj.k isa'ku minku NqV~Vh udnhdj.k

(fuf/d) (fuf/d) (xSj fuf/d)

31-03-2008 31-03-2009 31-03-2008 31-03-2009 31-03-2008 31-03-2009

fMLdkÅaV nj 8-00% 7-34% 8-00% 7-34% 8-00% 7-34%

;kstuk vkfLr;ksa 8-30% 8-30% 8-25% 8-25% 0-00% 0-00%

ds çfriQy dhlaHkkfor nj

osru esa o`f¼ 6-50% 6-50% 6-50% 6-50% 6-50% 6-50%

dh nj

fudklh dh nj 1-00% 1-00% 1-00% 1-00% 1-00% 1-00%

ç;qDr fof/ ih;wlh ih;wlh ih;wlh ih;wlh ih;wlh ih;wlh

II. nkf;Roksa ds orZeku ewY; esa ifjorZuA vFk rFkk bfr'ks"kksa dk lek/ku(#i;s djksM+ esa)

fooj.k isa'ku minku NqV~Vh(fuf/d) (fuf/d) udnhdj.k

(xSj fuf/d)

vof/ ds çkjEHk esa nkf;Roksa dk 3378-00 1359-00 755-00orZeku ewY;

C;kt ykxr 264-17 97-60 58-06

pkyw lsok ykxr 295-44 56-55 31-49

xr lsok ykxr & fufgr iQk;ns 0-00 0-00 0-00

xr lsok ykxr & x+Sj fufgr iQk;ns 0-00 0-00 0-00

lanÙk iQk;ns (151-83) (58-71) (58-46)

nkf;Ro ij chekafdd gkfu@(ykHk) 239-22 23-56 66-91

31-03-2009 ds var esa nkf;Roksa dk 4025-00 1478-00 853-00orZeku ewY;

III. ;kstuk vkfLr;ksa ds mfpr ewY; esa ifjorZu & vFk rFkk bfr'ks"kksa dk lek/ku(#i;s djksM+ esa)


(xSj fuf/d)

vof/ ds izkjEHk esa ;kstuk vkfLr;ksa 3047-93 1132-47 0-00dk mfpr ewY;

;kstuk vkfLr;ksa ij laHkkfor çfriQy 279-11 105-54 0-00

fu;ksDrk dk va'knku 781-60 352-28 58-46

lanÙk iQk;ns (151-83) (58-71) (58-46)

;kstuk vkfLr;ksa ij chekafdd gkfu@(ykHk) 9-67 5-35 0-00

31-03-2009 dks ;kstuk vkfLr;ksa 3966-48 1536-93 0-00dk mfpr ewY;

PNB 90-135.pmd 6/24/2009, 6:04 PM121

122

IV. Actual Return on plan assets

(Rs. in Crores)



(Unfunded)

Expected return on plan assets 279.11 105.54 0.00

Actuarial gain (loss) on plan assets 9.67 5.35 0.00

Actual return on plan assets 288.78 110.89 0.00

V. Actuarial Gain/ loss Recognized

(Rs. in Crores)



(Unfunded)

Actuarial gain/(loss) on obligation (239.22) (23.56) (66.91)

Actuarial gain/(loss) for the

period on Plan Assets 9.67 5.35 0.00

Total (gain)/loss for the period 229.56 18.21 66.91

Actuarial(gain)/loss recognized

in the period 229.56 18.21 66.91

Unrecognized actuarial ( gain)/

loss at the end of the year 0.00 0.00 0.00

VI. Amount recognized in Balance Sheet and related analysis (Rs. in Crores)



(Unfunded)

Present value of the obligation 4025.00 1478.00 853.00

Fair value of Plan Assets 3966.48 1536.93 0.00

Difference 58.52 (58.93) 853.00

Unrecognized past service

cost-non vested benefits 0.00 0.00 0.00

Unrecognized transitional liability 0.00 0.00 0.00

Amount determined under

para 55 of AS-15R (58.93)

Net liability recognized in the

balance sheet 0.00 0.00 0.00

Present value of the future

reduction in contribution under

para 59(b) if AS-15R 0.00 (54.90) 0.00

Liability recognized in the

Balance Sheet 58.52 (54.90) 853.00

VII. Expenses recognized in the Profit & Loss A/c (Rs. in Crores)



(Unfunded)


Interest cost 264.17 97.60 58.06

Expected return on plan assets (279.11) (105.54) 0.00

Past service cost – Vested Benefits 0.00 0.00 0.00

Past service cost – Non

Vested Benefits 0.00 0.00 0.00

Transitional liability recognized

during the year 0.00 0.00 0.00

Net Actuarial (gain) /loss

recognized in the year 229.56 18.21 66.91

Effect of limit as per para 59(b)

read with para 61(g) of AS15R 0.00 4.03 0.00

Expenses recognized in the

Profit and Loss a/c 510.05 70.85 156.46

IV. ;kstuk vkfLr;ksa ij okLrfod çfriQy(#i;s djksM+ esa)


(xSj fuf/d);kstuk vkfLr;ksa ij vuqekfur çfriQy 279-11 105-54 0-00;kstuk vkfLr;ksa ij chekafdd ykHk(gkfu) 9-67 5-35 0-00

;kstuk vkfLr;ksa ij okLrfod çfriQy 288-78 110-89 0-00

V. fu/kZfjr chekafdd ykHk@gkfu(#i;s djksM+ esa)


(xS+j fuf/d)

nkf;Roksa ij chekafdd ykHk@(gkfu) (239-22) (23-56) (66-91)

;kstuk vkfLr;ksa ij chekafdd ykHk@gkfu 9-67 5-35 0-00

vof/ ds fy, dqy ykHk@gkfu 229-56 18-21 66-91

vof/ ds fy, fu/kZfjr chekafdd 229-56 18-21 66-91ykHk@gkfu

o"kZ ds var esa vfu/kZfjr chekafdd 0-00 0-00 0-00ykHk@gkfu

VI. rqyui=k esa ekU; jkf'k rFkk lac¼ fo'ys"k.k % (#i;s djksM+ esa)


(x+Sj fuf/d)

nkf;Roksa dk orZeku ewY; 4025-00 1478-00 853-00

;kstuk vkfLr;ksa dk mfpr ewY; 3966-48 1536-93 0-00

vUrj 58-52 (58-93) 853-00

xS+j ekU; xr lsok ykxr & 0-00 0-00 0-00x+Sj fufgr ykHk

x+Sj ekU; laØe.k'khy ns;rk 0-00 0-00 0-00

ys[kkdj.k ekud la[;k 15 ds (58-93)iSjk 55 ds vUrxZr fu/kZfjr jkf'k

rqyui=k esa ekU; 'kq¼ ns;rk 0-00 0-00 0-00

ys[kkdj.k ekud la[;k 15 (la'kksf/r) 0-00 (54-90) 0-00ds iSjk 59 [k ds vUrxZr va'knku esaHkkoh dVkSrh dk orZeku ewY;

rqyui=k esa ekU; ns;rk 58-52 (54-90) 853-00

VII. ykHk o gkfu [kkrs esa ekU; O;; (#i;s djksM+ esa)


(xSj fuf/d)

pkyw lsok ykxr 295-44 56-55 31-49

C;kt ykxr 264-17 97-60 58-06

;kstuk vkfLr;ksa ij laHkkfor çfriQy (279-11) (105-54) 0-00

xr lsok ykxr & fufgr i+Qk;ns 0-00 0-00 0-00

xr lsok ykxr & x+Sj fufgr i+Qk;ns 0-00 0-00 0-00

o"kZ ds nkSjku ekU; laØe.k'khy ns;rk 0-00 0-00 0-00

o"kZ esa ekU; 'kq¼ chekafdd ykHk@gkfu 229-56 18-21 66-91

ys[kk ekud&15 (la'kksf/r) ds 0-00 4-03 0-00iSjk 61 th ds lkFk ifBr iSjk59 ch ds vuqlkj lhek dk çHkko

ykHk o gkfu [kkrs esa ekU; O;; 510-05 70-85 156-46

PNB 90-135.pmd 6/24/2009, 6:04 PM122

123

VIII. Movements in the liability recognized in the Balance Sheet

(Rs. in Crores)



(Unfunded)

Opening net liability 330.07 226.53 755.00

Expense as above 510.05 70.85 156.46

Contribution paid (781.60) (352.28) (58.46)

Closing net liability 58.52 (54.90) 853.00

IX. Amount for the current period

(Rs. in Crores)



(Unfunded)

Present value of obligation 4025.00 1478.00 853.00

Plan Assets 3966.48 1536.93 0.00

Surplus (Deficit) (58.52) 58.93 (853.00)

Expected adjustments on

plan liabilities (12.72) 21.44 (41.31)

Expected adjustments

on plan assets 9.67 5.35 0.00

X. Major categories of plan assets (as percentage of total plan assets)

Particulars Pension Gratuity

(Funded) (Funded)

Central Government securities 25.62% 25.24%

State Government securities 16.15% 16.30%

High quality corporate bonds 50.25% 47.62%

Special Deposits Scheme 5.66% 8.28%

Other investments 2.32% 2.56%

100.00% 100.00%

XI. Best estimate of contribution during the next year

(Rs. in Crores)


(Funded) (Funded)

Bank's best estimate of contribution

during next year 500.00 120.00

XII. Other Long term employee benefits (Unfunded)

(Rs. in Crores)

Particulars LFC Silver Sick Leave

(unfunded) Jubilee including

Bonus casual

(unfunded) Leave (SL)

(unfunded)

Present Value of Obligation 97.00 10.00 141.00

Transitional Liability 72.00 7.20 96.00

Transitional Liability recognized

in the year 18.00 1.80 24.00

Unrecognized transitional liability 54.00 5.40 72.00

Liability recognized in the

Balance Sheet 43.00 4.60 69.00

VIII. rqyui=k esa ekU; ns;rk esa ?kVc<+(#i;s djksM+ esa)


(x+Sj fuf/d)

çkjfEHkd 'kq¼ ns;rk 330-07 226-53 755-00

O;; & ;Fkksifj 510-05 70-85 156-46

lanÙk va'knku (781-60) (352-28) (58-46)

vafre 'kq¼ ns;rk 58-52 (54-90) 853-00

IX. orZeku vof/ ds fy, jkf'k (#i;s djksM+ esa)


(xS+j fuf/d)

nkf;Roksa dk orZeku ewY; 4025-00 1478-00 853-00

;kstuk vkfLr;k¡ 3966-48 1536-93 0-00

vf/'ks"k (?kkVk) (58-52) 58-93 (853-00)

;kstuk ns;rkvksa esa vuqekfur lek;kstu (12-72) 21-44 (41-31)

;kstuk vkfLr;ksa esa vuqekfur lek;kstu 9-67 5-35 0-00

X. ;kstuk vkfLr;ksa dh çeq[k Jsf.k;k¡ (dqy ;kstuk vkfLr;ksa dk »)

fooj.k isa'ku minku(fuf/d) (fuf/d)

dsUæh; ljdkj dh çfrHkwfr;k¡ 25-62» 25-24»

jkT; ljdkj dh çfrHkwfr;k¡ 16-15» 16-30»

mPp xq.koÙkk okys dkWjiksjsV ck.M 50-25» 47-62»

fo'ks"k tek ;kstuk,a 5-66» 8-28»

vU; fuos'k 2-32» 2-56»

100-00» 100-00»

XI. vkxkeh o"kZ ds Js"Bre va'knku dk vuqeku(#i;s djksM+ esa)

fooj.k isa'ku xzSP;qVh(fuf/d) (fuf/d)

cSad dk vkxkeh o"kZ ds Js"Bre 500-00 120-00va'knku dk vuqeku

XII. vU; nh?kkZof/ deZpkjh i+Qk;ns (x+Sj fuf/d)(#i;s djksM+ esa)

fooj.k ,y,i+Qlh flYoj vkdfLed NqV~Vhtqcyh (,l,y) lfgrcksul chekjh dh NqV~Vh

(x+Sj fuf/d) (x+Sj fuf/d) (xS+j fuf/d)

nkf;Ro dk orZeku ewY; 97-00 10-00 141-00

{kf.kd ns;rk 72-00 7-20 96-00

o"kZ ds nkSjku ekU; 18-00 1-80 24-00{kf.kd ns;rk

x+Sj ekU; {kf.kd ns;rk 54-00 5-40 72-00

rqyui=k esa ekU; ns;rk 43-00 4-60 69-00

PNB 90-135.pmd 6/24/2009, 6:04 PM123

124

XIII Basis of Actuarial assumption considered

Particulars Basis of assumption

Discount rate Discount rate has been determined by reference to market

yields on the balance sheet date on Government Bonds of

term consistent with estimated term of the obligations as

per para 78 of AS15R.

Expected rate The expected return on plan assets is based on market

of return on expectations, at the beginning of the period, for returns

plan assets over the entire life of the related obligation.

Rate of The estimates of future salary increases considered in

escalation actuarial valuations taking into account inflation, seniority,

in salary promotion and other relevant factors mentioned in paras

83-91 and 120(I) of AS15R.

Attrition rate Attrition rate has been determined by reference to past

and expected future experience and includes all types of

withdrawals other than death but including those due to

disability.

17. Disclosure of Segment Reporting as per as-17 Issued by ICAI

For the year ended 31st

March, 2009

PART A: BUSINESS SEGMENTS

(Rs. in lacs)

S. Particulars Year Ended Year Ended

No. 31.03.09 31.03.08

i. Segment Revenue

a) Treasury 542237 424142

b) Corporate/Wholesale Banking 625161 468649

c) Retail Banking 945486 620450

d) Other Banking Operations 111701 113017

Total 2224585 1626258

ii. Segment Results

a) Treasury 75020 77678




Total 632858 448306

iii. Unallocated Expenses 58423 47682

iv. Operating Profit 574435 400624

v. Provision for Tax 167604 124715

vi. Net Profit 309088 204876

Other Information:

vii. Segment Assets

a) Treasury 6494022 5564966




Sub Total 24379982 19581904

e) Unallocated Assets 311880 320132

Total Assets 24691862 19902036

viii. Segment Liabilities

a) Treasury 6167035 5292192




Sub Total 23152401 18622071

e) Unallocated Liabilities 74098 48131

Total Liabilities 23226499 18670202

Note:

1. Segment Liabilities are distributed in the ratio of their respective

Segment Assets.

2. As the operations outside India are less than the threshold limit

of 10%, secondary segment information has not been required

to be furnished.

XIII. fopkjh x;h chekafdd /kj.kkvksa dk vk/kj

fooj.k /kj.kk dk vk/kj

fMLdkmaV nj la'kksf/r ys[kk ekud la[;k 15 ds iSjk 78 ds vuqlkj nkf;Roksadh vuqekfur 'krks± ds vuq:i ljdkjh ca/ i=kksa ij rqyui=k dhfrfFk dks cktkj çkfIr;ksa ds lanHkZ }kjk fuf'pr fMLdkmaV njA

;kstuk vkfLr;ksa ;kstuk vkfLr;ksa ij laHkkfor çfriQy nj lacaf/r nkf;Ro dh iwjhds çfriQy dh vk;q ds fjVuks± ds fy, vof/ ds vkjEHk esa ckT+kkj laHkkoukvksalaHkkfor nj ij vk/kfjr gS A

osruo`f¼ nj la'kksf/r ys[kk ekud la[;k 15 ds iSjk 83&91 vkSj 120 (I)ds vuqlkj Hkkoh osruo`f¼ ds vuqekuksa ds fy, deZpkjh ckT+kkjesa vkiwfrZ ,oa ek¡x tSls lac¼ ?kVdksa] egaxkbZ] ofj"Brk] inksUufrvkfn ij chekafdd ewY;k¡du ij fopkj fd;k x;k gS A

fudklh nj fudklh nj dk fu/kZj.k fiNys vkSj laHkkfor Hkkoh vuqHkoksa dslanHkZ }kjk fd;k x;k gS vkSj mlesa e`R;q dks NksM+dj fdarqv'kDrrk ds dkj.k gqbZ vU; lHkh çdkj dh fudkfl;k¡ lfEefyr gSaA

17- Hkkjrh; lunh ys[kkdkj laLFkku }kjk tkjh ys[kk ekud 17 ds vuqlkj31 ekpZ 2009 dks lekIr o"kZ ds fy, [kaMokj lwpuk dk çdVhdj.k

Hkkx d % dkjksckj [k.M (jkf'k yk[k #- esa)

Ø fooj.k 31-03-2009 31-03-2008la dks lekIr o"kZ dks lekIr o"kZi. [kaMokj jktLo

d) Vªst+jh 542237 424142[k) dkWjiksjsV@gksylsy cSafdax 625161 468649x) fjVsy cSafdax 945486 620450?k) vU; cSafdax ifjpkyu 111701 113017

tksM+ 2224585 1626258ii. [kaMokj ifj.kke


tksM+ 632858 448306iii. x+Sj vkcafVr O;; 58423 47682iv. ifjpkyu ykHk 574435 400624v. dj gsrq çko/ku 167604 124715vi. 'kq¼ ykHk 309088 204876

vU; lwpukvii. [kaMokj vkfLr;ka


mi tksM+ 24379982 19581904Ä) xS+j vkcafVr vkfLr;k¡ 311880 320132

dqy vkfLr;ka 24691862 19902036viii. [kaMokj ns;rk,a


mi tksM+ 23152401 18622071Ä) x+Sj vkcafVr ns;rk,a 74098 48131

dqy ns;rk,a 23226499 18670202

fVIi.kh1- [kaM ns;rkvksa dk forj.k mudh lEcfU/r [kaM vkfLr;ksa ds vuqikr esa fd;k

x;k gS A2- pwafd Hkkjr ds ckgj dk ifjpkyu 10» dh çkjfEHkd lhek ls de gS] vr%

xkS.k [kaMokj lwpuk ugha nh x;h gS A

PNB 90-135.pmd 6/24/2009, 6:04 PM124

125

18. Disclosure of Related Parties as per AS-18 issued by ICAI

Names of the related parties and their relationship with

the Bank:

Key Management Personnel:

i) Dr. K.C Chakrabarty, Chairman & Managing Director

ii) Shri M.V. Tanksale Executive Director (w.e.f. 26.03.2009)

iii) Shri Nagesh Pydah, Executive Director (w.e.f. 26.03.2009)

iv) Shri K. Raghuraman, Executive Director (upto 30.09.2008)

v) Shri J.M Garg, Executive Director (upto 06.11.2008)

Subsidiaries

i) PNB Gilts Ltd.

ii) PNB Housing Finance Ltd.

iii) Punjab National Bank (International) Ltd., UK

iv) PNB Investment Services Ltd

(incorporated on 02.02.09, capital Rs. 5.00 lacs yet to be

subscribed)

Associates:

i) Everest Bank Limited

ii) Principal PNB Asset Management Company Pvt. Ltd.

iii) Principal Trustee Company Private Limited

iv) PNB Principal Financial Planners Private Limited

v) PNB Principal Insurance Broking Pvt. Ltd.

vi) UTI Asset Management Company Limited

vii) UTI Trustee Company Pvt. Limited

viii) Assets Care Enterprises Ltd.

ix) Principal PNB life Insurance Company Ltd.

x) Madhya Bihar Gramin Bank, Patna

xi) Haryana Gramin Bank, Rohtak

xii) Himachal Gramin Bank, Mandi

xiii) Punjab Gramin Bank, Kapurthala

xiv) Rajasthan Gramin Bank, Alwar

xv) Sarva UP Gramin Bank, Meerut

Transactions with Related parties* (Rs. in lacs)

Items/ Associates Key Management Relatives of Key

Related Personnel Management

Party Personnel

2008-09 Maximum 2008-09 Maximum 2008-09 Maximum

amount amount amount

outstanding outstanding outstanding

Remuneration 39.28

(43.04)

Borrowings

Deposits 1753.61 6739.58 8.52 8.52 0.00 0.00

(364.26) (3396.66) (21.70) (25.06) (3.44) (3.44)

Placement

of Deposits

Advances (0.00) (0.00) 0.00 0.00

(337.11) (337.11) (18.06) (18.84)

Investments in 36443.35 36443.35

share capital (35999.78) (35999.78)

Investments 778.80 778.80

in debentures (0.00) (0.00)

Non funded 0.00 0.00

Commitments (2713.00) (3683.00)

Interest 1.86 NA 0.12 0.00 NA

paid (0.80) NA (1.67) (0.17) NA

Interest 48.81 NA NA 0.00 NA

received (0.00) NA (1.68) NA

Receiving

of Services — NA

Rendering 0.00 NA

of services (267.86)

Management 15.00 NA

contracts (25.00) NA

Dividend

received 1000.00 NA

*As compiled and certified by the management.


18- Hkkjrh; lunh ys[kkdkj laLFkku }kjk tkjh la'kksf/r ys[kk ekud&18ds vuqlkj çdVhdj.klacaf/r ikVhZ dk uke rFkk cSad ds lkFk muds laca/

eq[; çca/u dkfeZd %i) Mk- ds- lh- pØcrhZ] vè;{k ,oa çcU/ funs'kdii) Jh ,e o- Vk¡dlkys] dk;Zdkjh funs'kd (26-03-2009 ls)iii) Jh ukxs'k iSM+k] dk;Zdkjh funs'kd (26-03-2009 ls)iv) Jh ds j?kqjkeu] dk;Zdkjh funs'kd (30-09-2008 rd)v) Jh ts- ,e- xxZ] dk;Zdkjh funs'kd (06-11-2008 rd)vuq"kafx;ka %i) ih,uch fxYV~l fyfeVsMii) ih,uch gkmflax iQkbusal fyfeVsMiii) iatkc uS'kuy cSad (baVjuS'kuy) fyfeVsM] ;w-ds-iv) ih,uch bUosLVesaV lfoZlst+ fyfeVsM+

(02-02-2009 dks LFkkfir] #i;s 5 yk[k dh iw¡th dk vfHknku vHkh fd;k tkuk gS)lg;ksxh %i) ,ojsLV cSad fy-ii) fçalhiy ih,uch vlsV eSustesaV dEiuh çk-fy-iii) fçalhiy VªLVh dEiuh çk-fy-iv) ih,uch fçalhiy iQkbusaf'k;y IykulZ çk-fy-v) ih,uch fçalhiy ba';ksjsal czksfdax çk-fy-vi) ;wVhvkbZ vlsV eSustesaV dEiuh çk-fy-vii) ;wVhvkbZ VªLVh dEiuh çk-fy-viii) vlsV ds;j ,aVjçkbT+ksT+k fy-ix) fçalhiy ih,uch ykbi+Q ba';ksjsal dEiuh fy-x) eè; fcgkj xzkeh.k cSad] iVukxi) gfj;k.kk xzkeh.k cSad] jksgrdxii) fgekpy xzkeh.k cSad] e.Mhxiii) iatkc xzkeh.k cSad] diwjFkykxiv) jktLFkku xzkeh.k cSad] vyojxv) loZ ;wih xzkeh.k cSad] esjB*lacaf/r ikfVZ;ksa ls ysu nsu (#i;s yk[kksa esa)en@lacaf/r lg;ksxh eq[; çcU/u eq[; çcU/uikVhZ dkfeZd dkfeZdksa ds fj'rsnkj

2008&09 vf/dre 2008&09 vf/dre 2008&09 vf/drecdk;k jkf'k cdk;k jkf'k cdk;k jkf'k

ikfjJfed 39-28(43-04)

m/kjtekjkf'k 1753-61 6739-58 8-52 8-52 0-00 0-00

(364-26) (3396-66) (21-70) (25-06) (3-44) (3-44)tekjkf'k;ksadk fu;kstuvfxze (0-00) (0-00) 0-00 0-00

(337-11) (337-11) (18-06) (18-84)'ks;j iw¡th 36443-35 36443-35esa fuos'k (35999-78) (35999-78)½.k i=kksa 778-80 778-80esa fuos'k (0-00) (0-00)x+Sj fuf/d 0-00 0-00çfrc¼rk,a (2713-00) (3683-00)lanÙk C;kt 1-86 ykxw ugha 0-12 0-00 ykxw ugha

(0-80) ykxw ugha (1-67) (0-17) ykxw ughaçkIr C;kt 48-81 ykxw ugha ykxw ugha 0-00 ykxw ugha

(0-00) ykxw ugha (1-68) ykxw ughalsok,a çkIr & ykxw ughadjuklsok,a çnku 0-00 ykxw ughadjuk (267-86)çcU/u 15-00 ykxw ughalafonk,a (25-00) ykxw ughaçkIr ykHkka'k 1000-00 ykxw ugha* çcU/u }kjk rS;kj rFkk çekf.kr(dks"Bdksa esa fn, x, vk¡dM+s fiNys o"kZ ds gSa)

PNB 90-135.pmd 6/24/2009, 6:04 PM125

126

The transactions with the subsidiaries and certain associates have

not been disclosed in view of para-9 of AS-18 ‘Related Party

Disclosure', which exempts state controlled enterprises from making

any disclosures pertaining to their transactions with other related

parties, which are also state controlled.

19. Accounting for Leases–AS 19

Financial Leases:

a. Value of assets acquired on financial lease and included

in other fixed assets (including furniture and fixture).

Value of assets acquired during the year under financial

lease: Rs.41.65 lakhs. The amount of depreciation

provided thereon: Rs 22.11 lakhs upto 31.03.2009. The

written down value as on 31.03.2009: Rs. 19.54 lakhs

b. Minimum Lease Payment due not later than one year:

Min. Lease Payment Rs. 14.78 lakhs

Present value of Min. Lease Payment Rs. 12.81 lakhs

Intt. Included in Min. Lease payment Rs 1.96 lakhs

c. Minimum Lease Payment due later than one year but

not later than five years:

Min. Lease Payment Rs. 4.76 lakhs

Present value of Min.

Lease Payment Rs. 3.44 lakhs

Interest included in Min.

Lease payment Rs. 1.32 lakhs

d. Minimum Lease Payment due

later than five years: NIL

e. Information on operating lease is not ascertained.

20. AS 20 - Earnings Per Share

Item 31.03.2009 31.03.2008

A EPS-Basic/Diluted (In Rs.) 98.03 64.98

B Amount used as numerator

Profit after tax ( Rs. In '000) 30908809 20487631

C Nominal value of share Rs. 10/- each Rs. 10/- each

D Weighted average number

of equity shares used as the

denominator 315302500 315302500

21. AS 22- Accounting for taxes on Income

The Bank has recognized deferred tax assets and liability as per

accounting policy no. 7. Major components of which are set out below:

(Rs. in crores)

Particulars 31.03.2009 31.03.2008

Deferred Tax Assets

Provision for Leave encashment 301.93 256.73

Pension & Gratuity 1.23 0.00

Statutory Liability u/s 43B 2.41 0.00

Total 305.57 256.73

Deferred Tax Liabilities

Depreciation on fixed assets 21.02 28.04

Statutory Liability u/s 43B 0.00 0.37

Total 21.02 28.41

Deferred Tax Assets (Net) 284.55 228.32

The deferred tax assets Rs.41.46 crores is credited to Profit and

Loss Account.

vuq"kafx;ksa vkSj dqN lg laLFkkvksa ds lkFk ysunsuksa dk ys[kkadu ekud & 18^^ lEcfU/r ikVhZ çdVhdj.k ** ds iSjk 9 ds eísut+j çdVhdj.k ugha fd;kx;k gS tks LVsV daVªksy ,aVjçkbftt dks mudh vU; lEcfU/r ikfVZ;ksa lslEcfU/r ysunsuksa esa ls fdlh dk Hkh çdVhdj.k djus ls NwV nsrk gS tks LVsVdaVªksYM Hkh gS A

19- iV~Vksa ds fy, ys[kkadu] ys[kk ekud &19

foÙkh; iV~Vs

d) foÙkh; iV~Vs ij yh xbZ vkfLr;ksa dk ewY; vkSj vU; vpyvkfLr;ksa (iQuhZpj o fiQDlpj lfgr) esa lfEefyr@foÙkh; iV~Vsds vUrxZr o"kZ ds nkSjku vf/x`ghr vkfLr;ksa dk ewY; 41-65yk[k #0 gS A ml ij fd, x, ewY;gzkl dh çko/ku dh jkf'k31-03-2009 rd 22-11 yk[k #0 gS A 31-03-2009 dks vifyf[krewY; 19-54 yk[k #0 gS A

[k) ,d o"kZ ls vuf/d esa U;wure lans; iV~Vk Hkqxrku %U;wure iV~Vk Hkqxrku #i;s 14-78 yk[kU;wure iV~Vk Hkqxrku dk orZeku ewY; #i;s 12-81 yk[kU;wure iV~Vk Hkqxrku esa lfEefyr C;kt #i;s 1-96 yk[k

x) ,d o"kZ ls vf/d fdUrq 5 o"kZ ls vuf/d esa lans; U;wure iV~VkHkqxrku%U;wure iV~Vk Hkqxrku #i;s 4-76 yk[kU;wure iV~Vk Hkqxrku dk orZeku ewY; #i;s 3-44 yk[kU;wure iV~Vk Hkqxrku esa lfEefyr C;kt #i;s 1-32 yk[k

?k) 5 o"kZ ds ckn lans; U;wure iV~Vk Hkqxrku % 'kwU;

Ä) ifjpkyu iV~Vs ij lwpuk dk irk ugha yxk;k tk ldkA

20- ys[kk ekud 20 % çfr 'ks;j vtZu

en 31-03-2009 31-03-2008

d) bZih,l&ewy@ruqÑr (#i;s esa) 98-03 64-98

[k) dj ds i'pkr~ va'k ykHk ds :i esami;ksx dh xbZ jkf'k (#- gt+kj esa) 30908809 20487631

x) 'ks;jksa dk vafdr ewY; #- 10@& #- 10@&izfr 'ks;j izfr 'ks;j

?k) nj ds :i esa mi;ksx fd, x, bfDoVh'ks;jksa dh Hkkfjr vkSlr la[;k 315302500 315302500

21- ys[kk ekud&22 % vk; ij djksa ds laca/ esa ys[kkadu

cSad us ys[kkadu uhfr la[;k 7 ds vuqlkj vkLFkfxr dj vkfLr;ksa rFkk vkLFkkfxr djns;rkvksa dh igpku dh gS ftlds çeq[k la?kVd fuEukuqlkj gSa %

(djksM+ #i, esa)

fooj.k 31-03-2009 31-03-2008

vkLFkfxr dj vkfLr;k¡

NqV~Vh udnhdj.k ds fy, çko/ku 301-93 256-73

isa'ku o xzsP;qVh 1-23 0-00

/kjk 43 ch ds vUrxZr lkafof/d ns;rk 2-41 0-00

tksM+ 305-57 256-73

vkLFkfxr dj ns;rk

vpy vkfLr;ksa ij ewY;gzkl 21-02 28-04

/kjk 43 ch ds vUrxZr lkafof/d ns;rk 0-00 0-37

tksM+ 21-02 28-41

vkLFkfxr dj vkfLr;ka ('kq¼) 284-55 228-32

#i;s 41-46 djksM+ dh vkLFkfxr dj vkfLr;k¡ ykHk o gkfu [kkrs esa tek dh xbZA

PNB 90-135.pmd 6/24/2009, 6:04 PM126

127

22. AS 28 – Impairment of Assets

A substantial portion of the bank's assets comprise of ‘financial

assets' to which Accounting Standard 28 ‘Impairment of

Assets' is not applicable. In the opinion of the bank, there is

no impairment of its assets (to which the standard applies)

to any material extent as at 31.03.2009 requiring recognition

in terms of the said standard. However, as a measure of

abundant caution, an ad-hoc provision of Rs 5.00 crores

already made in earlier years is continued in the accounts.

23. AS-29 Provisions, Contingent Liabilities and

Contingent Assets

i) Movement of provisions for liabilities*

(Rs. in crore)

Particulars Salary arrears Legal cases/

under negotiation contingencies

Balance as at 1st

April 2008 100.00 12.13

Provided during the period 500.00 1.96

Amounts used during the period NIL NIL

Reversed during the period NIL NIL

Balance as at 31.03.2009 600.00 14.09

Timing of outflow/uncertainties On finalization of Outflow on settlement/

wage settlement. crystallization.

*Excluding provisions for others

ii) Refer Schedule-12 on contingent liabilities

Such liabilities at S.No.(I), (II), (III), (IV), (V) & (VI) are

dependent upon the outcome of Court / arbitration / out of

court settlement, disposal of appeals, the amount being called

up, terms of contractual obligations, devolvement and raising

of demand by concerned parties, respectively. No

reimbursement is expected in such cases.

24. Other Notes

a As per RBI guidelines, the Bank has worked out the amount

of inter Branch Credit entries outstanding for more than 5

years, pertaining to the period up to 31.03.2004, to create a

Blocked Account. Accordingly, a sum of Rs. 41.36 crores (net

of adjustments since carried out) has been shown separately

under “Other Liabilities-others” in schedule-5.

As against claims of Rs. 1.85 lacs, received during the year,

against Blocked Account of Inter Branch Credit entries,

pertaining to the period up to 31.03.1999, a sum of Rs.1.38

lacs has been transferred from General Reserves and balance

Rs. 0.46 lacs has been debited to Profit and Loss Account.

b. There are current and old unadjusted entries outstanding in

inter branch and central office account, balances with Reserve

Bank of India and Other banks (including foreign banks),

suspense, sundries, bills payable, currency chest transfers,

clearing, remittance in transit etc. pending identification /

adjustment having inter-se effect in balances. The bank is

taking continuing steps to review / adjust the outstanding.

Reconciliation of entries outstanding as on 31.03.2009 in

inter branch accounts is in progress and in the opinion of the

management consequential impact thereof on revenue/

assets/liabilities will not be material.

c. The classification of advances, as certified by the incumbent in

charge has been incorporated in respect of unaudited branches.

22- ys[kk ekud 28 % vkfLr;ksa dh vilkekU;rk

cSad dh vkfLr;ksa esa i;kZIr fgLlk ^foÙkh; vkfLr;ksa* dk gS ftlij ys[kkaduekud 28 ^vkfLr;ksa dh vilkekU;rk* ykxw ugha gS A cSad dh jk; esa bldhvkfLr;ksa dh mDr ekud dh 'krkZ/hu visf{kr igpku ds fy;s 31 ekpZ2009 dks fdlh egRoiw.kZ lhek rd vilkekU;rk ugha gS (ftlij ekudykxw gksrk gS) rFkkfi] çpqj lko/kuh ds mik; Lo:i [kkrs esa igys ls fd,x, #i;s 5 djksM+ dk rnFkZ çko/ku tkjh j[kk x;k gS A

23- ys[kk ekud 29 % çko/ku] vkdfLed ns;rk,a vkSj vkdfLedvkfLr;ka%

i) ns;rkvksa ds fy, çko/kuksa dk ewoesaV*

(#i;s djksM+ esa)

fooj.k osru cdk;k dkuwuh ekeys@& osru le>kSrs dh vkdfLedrk,a

ckrphr tkjh gSA a

1 vçSy] 2008 dks 'ks"k 100-00 12-13

vof/ ds nkSjku çko/ku 500-00 1-96

vof/ ds nkSjku ç;qDr jkf'k;ka 'kwU; 'kwU;

vof/ ds nkSjku iyVk x;k 'kwU; 'kwU;

31ekpZ 2009 dks 'ks"k 600-00 14-09

cfgokZg@vfu'p; dk le; osru le>kSrk le>[email protected] ij ij cfgokZg

* vU; ds fy, çko/ku dks NksM+dj

ii) vkdfLed ns;rkvksa ij vuqlwph & 12 dk lanHkZ ysa %Øe la[;k (I)] (II)] (III)] (IV)] (V) o (VI) dh ,slh ns;rk,avnkyr@eè;LFk@vnkyr ds ckgj le>kSrksa ds fu"d"kks±] vihyksa dsfuiVku] ekaxh tk jgh jkf'k] lafonkxr nkf;Roksa dh 'krks±] lEc¼ikfVZ;ksa }kjk mBkbZ xbZ ekaxksa ij Øe'k% vkfJr gSa A ,sls ekeyksa esa dksbZizfriwfrZ laHkkfor ugha gSA

24- vU; fVIif.k;ka

(d) Hkkjrh; fjT+koZ cSad ds ekxZfunZs'kksa ds vuqlkj cSad us 5 o"kZ ls vfèkddh cdk;k var% 'kk[kk ØsfMV çfof"V;ksa dh jkf'k dk vo#¼ [kkrscukus ds fy, irk yxk;k gS tks 31-03-2004 rd dh vof/ ds gSarkfd ,d vo#¼ [kkrk cuk;k tk lds A rnuqlkj #0 41-36 djksM+dh jkf'k (lek;kstu ds ckn dh 'kq¼ jkf'k) dks vuqlwph 5 esa¶vU; ns;rk,a&vU;¸ 'kh"kZ ds vUrxZr vyx ls n'kkZ;k x;k gSA

pkyw o"kZ ds nkSjku] 31-03-1999 rd dh vof/ ls lEcfU/r #i;s1-85 yk[k ds nkoksa ds çfr çkIr gq, #i;s 1-38 yk[k #i;s dh jkf'klkekU; çkjf{kfr;ksa ls varfjr dh xbZ rFkk 'ks"k #i;s 0-46 yk[k ykHko gkfu [kkrs ls MsfcV fd, x, A

([k) vUr% 'kk[kk vkSj dsUæh; dk;kZy; ys[kksa esa Hkkjrh; fjT+koZ cSad ds iklrFkk vU; cSadksa (fons'kh cSadksa lfgr) esa 'ks"k mpar] iQqVdj] lans; fcy]ekxZLFk foçs"k.k vkfn esa pkyw vkSj iqjkuh x+Sj lek;ksftr çfof"V;k¡cdk;k gSa ftudh leh{kk vkSj lek/ku gksuk gSA cSad bu [kkrksa dhleh{kk vkSj lek/ku ds fy, fujUrj mik; dj jgk gSA fnukad 31-03-2009 dh fLFkfr ds vuqlkj var%'kk[kk [kkrksa esa cdk;k çfof"V;ksa dklek/ku py jgk gS rFkk çcU/u ds fopkj ls jktLo@vkfLr;ksa@ns;rkvksaij mlds ifj.kkeLo#i gksus okyk çHkko dqN fo'ks"k ugha gksxkA

(x) x+Sj ys[kk ijhf{kr 'kk[kkvksa ds laca/ esa 'kk[kk çHkkjh in/kfj;ksa }kjkçekf.kr vfxzeksa ds oxhZdj.k dks lfEefyr fd;k x;k gSA

PNB 90-135.pmd 6/24/2009, 6:04 PM127

128

d. The Bank has issued a Letter of Comfort in respect of its subsidiary

Punjab National Bank (International) Ltd. in UK, to Financial

Services Authority (FSA), the regulator in United Kingdom,

committing that the bank shall provide financial support to

Punjab National Bank (International) Ltd., UK so that it meets

its financial commitments if they fall due. However, no

financial obligation has arisen as on 31st March 2009.

e. Premises includes properties amounting to Rs. 12.78 crores

(Net of Depreciation) {Cost Rs.17.37 crores} awaiting

registration of title deeds. Premises include capital work in

progress of Rs. 75.86 crores.

f. No provision is considered necessary in respect of disputed

Income Tax and Fringe Benefit Tax demands of Rs.1155.15

crores (previous year Rs. 846.14 crore) as in the bank's view,

duly supported by expert opinion and/or decision in bank's

own appeals on same issues, additions / disallowances

made are not sustainable. Against these disputed

demands, Rs. 1094.83 crores (previous year Rs.801.13

crores) has been paid.

g. i) In terms of Agriculture Debt Waiver and Debt Relief

scheme, 2008, framed by Government of India, an

amount of Rs. 1149.89 crores has been waived and

preliminary claim has been lodged with Reserve Bank

of India, against which bank has received the 1st

installment of Rs. 467.17 crores, being 41% of claim

lodged. Further, an amount of Rs. 935.87 crores,

has been worked out as eligible under the scheme

for debt relief, subject to fulfillment of conditions

attached thereto, for which claim will be lodged with

Reserve Bank of India. The said claims are subject

to certification by Statutory Central Auditors.

ii) In respect of Debt Relief, bank has made a provision of

Rs. 60.00 Crores against loss in Present Value terms on

amount receivable from eligible farmers by utilizing the

existing provision held under IRAC Norms.

h. The bank has made an ad-hoc provision of Rs. 500 crores

(previous year Rs. 100 crores) during the current financial

year making cumulative provision of Rs. 600 crores, pending

finality on the wage revision negotiations, and for post

retirement medical benefits.

i. The bank is claiming the interest subvention in short term

production crop loans on the outstanding balances.

Certain observations, including on the modalities of

claiming interest subvention observed by the Auditors

have been referred to RBI and are awaiting reply. In the

opinion of the Management, it will not have any material

impact on the financials of the Bank.

j. The Bank has implemented Basel II during the year 2007-08.

In respect of calculation of Capital Adequacy Ratio as per

Basel –I and Basel-II the discrepancies/data errors noticed/

reported were addressed at COs/HO level. Based on this

exercise, the Bank is of the view that un-rectified deficiencies

will not have significant impact on the overall reported Capital

Adequacy Ratio.

(?k) cSad us viuh ;w-ds- esa fLFkr vuq"kaxh iatkc uS'kuy cSad (baVjuS'kuy)fyfeVsM ds lEcU/ esa çfrc¼rk n'kkZrs gq, ,d vk'oklu i=k tkjhfd;k gS fd cSad iatkc uS'kuy cSad (baVjuS'kuy) fyfeVsM] ;w-ds- dksfoÙkh; lgk;rk nsxk rkfd og viuh foÙkh; çfrc¼rkvksa dks iwjk djlds] ;fn os iwjh u gksrh gksaA rFkkfi 31-03-2009 rd dksbZ foÙkh;nkf;Ro ugha vk;k gSA

(Ä) #i;s 12-78 djksM+ (ewY;gzkl gVkdj) {#i;s 17-37 djksM+ ykxr}

dh jkf'k dh lEifÙk lesr ifjljksa ds fy, VkbVy MhM~l dkiathdj.k fd, tkus dh çrh{kk gS A ifjljksa esa #i;s 75-86 djksM+ dkiw¡thxr çxfr dk;Z lfEefyr gS A

(p) #i;s 1155-15 djksM+ (fiNys o"kZ 846-14 djksM+ #i;s) dh fookfnrvk;dj ekax rFkk vuq"kaxh ykHk dj ekaxksa gsrq dksbZ çko/ku djukvko';d ugha le>k x;k D;ksafd cSad dh jk; esa fu/kZj.k vf/dkjh}kjk fd, x, ifjo/Zu @ ukeaT+kwfj;k¡ oS/ ugha gS rFkk blij fo'ks"kKdh jk; ,oa cSad dh vihyksa ij gq, fu.kZ;ksa dk Hkh vuqleFkZu gS Abu fookfnr ekaxksa ds lanHkZ esa #i;s 1094-83 djksM+ (fiNys o"kZ #i;s801-13 djksM+) dk Hkqxrku fd;k x;k A

(N) i) Hkkjr ljdkj }kjk cukbZ xbZ Ñf"k ½.k eki+Qh rFkk ½.k jkgr;kstuk 2008 ds vuqlkj #i;s 1149-89 djksM+ dh jkf'k eki+Qdh xbZ vkSj Hkkjrh; fjTk+oZ cSad ds ikl mlds lEcU/ esaçkFkfed nkok Hkst fn;k x;k gS A bl çdkj nkos dh jkf'k esa ls41% vFkkZr~ #i;s 467-17 dh igyh fdLr çkIr gks xbZ gS AlkFk gh ½.k jkgr ;kstuk ds vUrxZr ik=k jkf'k ds :i esa #i;s935-87 djksM+ dk fglkc yxk;k x;k gS c'krZs fd ;kstuk dh'krs± iwjh gks tk,a ftlds fy, Hkkjrh; fjT+koZ cSad ds ikl nkoknk;j fd;k tk;sxkA mDr nkos lkafof/d dsUæh; ys[kk ijh{kdksa}kjk çekf.kr fd, tkus ds ckn Lohdk;Z gksaxsA

ii) tgka rd ½.k jkgr ;kstuk dk lEcU/ gS vkbZvkj,lh ekun.Mksads vUrxZr orZeku çko/kuksa dk mi;ksx djrs gq, ik=k fdlkuksals çkIr jkf'k ij orZeku ewY; ds lanHkZ esa ?kkVs ds fo#¼ cSadus 60-00 djksM+ #i;s dk çko/ku fd;k gSA

(t) osrueku la'kks/u dh ckrphr ds iwjk gksus ls iwoZ rFkk lsokfuo`fÙk dsi'pkr~ fpfdRlk ykHkksa ds fy, cSad us orZeku foÙkh; o"kZ esa #i;s500 djksM+ (fiNys o"kZ #i;s 100 djksM+) dk çko/ku fd;k gSftlls bl lanHkZ esa lap;h çko/ku #i;s 600 djksM+ dk gks x;k gSA

(>) vYikof/ mRiknu iQly ½.kksa ds cdk;k 'ks"kksa ij cSad C;kt dslaca/ esa vkfFkZd lgk;rk çkIr djus ds fy, nkos çLrqr dj jgk gSAys[kk ijh{kdksa }kjk C;kt laca/h vkfFkZd nkos çkIr djus dh çfØ;kvksals lEc¼ dqN fVIif.k;k¡ Hkkjrh; fjT+koZ cSad dks Hksth xbZ gSa vkSjmuds mÙkj çrhf{kr gSaA eSustesaV ds fopkj esa cSad dh foÙkh; fLFkfrij mldk dksbZ fo'ks"k çHkko ugha gksxkA

(×k) cSad us o"kZ 2007&08 ds nkSjku csly&AA ykxw fd;k gSA tkudkjh esavk,@vk¡dM+ksa dh =kqfV;ka ç/ku dk;kZy; Lrj ij crkbZ xb±A csly&I vkSjcsly&II ds vuqlkj iw¡th i;kZIrrk vuqikr laca/h x.kuk ds ckjs esa tksdfe;ksa@vk¡dM+ksa dh xyfr;k¡ ikbZ xb±@lwfpr dh xb± mUgsa eaMy dk;kZy;ksa@ç/ku dk;kZy; ds Lrj ij Bhd fd;k x;k A bl dkjZokbZ ds vk/kj ij cSaddk ;g fopkj gS fd ftu dfe;ksa dks nwj ugha fd;k tk ldk gS mldk cSadds lexz iw¡th i;kZIrrk vuqikr ij dksbZ egRoiw.kZ çHkko ugha iM+sxk A

PNB 90-135.pmd 6/24/2009, 6:04 PM128

129

k. During the year certain advances given to realtors have been

considered as standard, even though there was shortfall in

the actual value of the security considered as stipulated in

the sanction. In view of the Management there is no threat

to recovery.

l. Premises of the bank (other than those under dispute)

capitalized on or before 31.03.2006 have been revalued at

Rs. 2148.76 crores on 01.04.2007 as per the values

determined by the approved valuers and the resultant net

appreciation of Rs. 1263.80 crores has been credited to the

Capital Reserve (Revaluation Reserve) Account.

m. The Board of Directors has considered dividend of Rs. 20 per equity

share of Rs. 10 each (200% of the paid up capital of the bank).

25. Break up of “Provisions and Contingencies” shown

under the head Expenditure in Profit and Loss Account

is as follows :

(Rs. in crore)

Item 31.03.2009 31.03.2008

Provisions for depreciation on

investment (net) -216.34 104.17

Provision towards NPAs (net) 820.62 277.09

Floating provisions for NPAs (over 0.51 100.00

and above RBI provisioning norms)

Provision towards Standard Assets 64.64 138.50

Provision made towards Income 1676.04 1247.15

Tax (including FBT & Wealth Tax)

Other Provision and Contingencies: 307.99 90.57

Detail: 31.03.2009 31.03.2008

Standard 142.05 3.97

Restructured/

Others/ Derivatives

FITL Provision 50.20

Written off &

others 43.68 25.67

Non-fund based

facilities -1.80 26.59

Sale to SC/RC 73.86 34.34

Total 2653.46 1957.48

26. Break-up of Floating Provisions is as follows

(Rs. in crore)

Particulars 31.03.2009 31.03.2008

Opening balance as on

01.04.2008/01.04.2007 1080.00 980.00

Quantum of floating provisions

made during the year 60.00 100.00

Purpose and amount of draw

down made during the year -59.49* NIL


31.03.2009/31.03.2008 1080.51 1080.00

*For meeting the ineligible charges/Interest (Rs. 59.49 crores) on

Agriculture loan accounts covered under Agriculture Debt Waiver

and Debt Relief Scheme, 2008 in terms of RBI Circular No.

DBOD.BP.BC.48/21.4.048/2008-09 dated 22.9.2008

(V) o"kZ ds nkSjku fjvYVjksa dks fn, x, dqN ,sls vfxzeksa dks Hkh ekud½.kksa ds :i esa eku fy;k x;k gS ftuesa LohÑfr ds le; fu/kZfjrçfrHkwfr dh dher okLro esa de gks x;h Fkh A eSusTkesaV ds fopkjesa olwyh ds fy, dksbZ [+krjk ugha gSA

(B) 31-03-2006 dks ;k mlls iwoZ dSfiVykbTM cSad ds ifjljksa (mulsfHkUu tks fookfnr gSa) dk vuqeksfnr ewY;k¡dudÙkkZvksa }kjk fu/kZfjrewY;ksa ds vuqlkj 01-04-2007 dks #i;s 2148-76 djksM+ ij iquewZY;ufd;k x;k vkSj blds ifj.kkeLo:i #i;s 1263-80 djksM+ dh fuoyewY; o`f¼ dks iw¡thxr çkjf{kr [kkrs (iquewZY;u çkjf{kfr;k¡) esa tekfd;k x;k gSA

(M) funs'kd eMay us (lanÙk pqdrk iw¡th ds 200») #i;s 10@& ds çR;sdbfDoVh 'ks;j ij #i;s 20@& dk ykHkka'k fn, tkus ij fopkj fd;k gSA

25- ykHk o gkfu [kkrs esa O;; 'kh"kZ ds vUrxZr n'kkZ;s x;s ^^çkoèkkuo vkdfLedrk,a** dk fooj.k fuEuor~ gS %

(#i;s djksM+ esa)

en 31-03-2009 31-03-2008

fuos'kksa ij ewY;ßkl gsrq çko/ku ('kq¼) &216-34 104-17

vutZd vkfLr;ksa ds çfr çko/ku ('kq¼) 820-62 277-09

vutZd vkfLr;ksa ds fy, ¶Ý+yksfVax çko/ku(Hkkjrh; fjT+koZ cSad ds çko/kuhdj.kekun.Mksa ds vkf/D; esa) 0-51 100-00

ekud vkfLr;ksa ds çfr çko/ku 64-64 138-50

vk;dj ds çfr fd;k x;k çko/ku(,iQchVh vkSj /udj lfgr) 1676-04 1247-15

vU; çko/ku vkSj vkdfLedrk,a% 307-99 90-57

fooj.k 31-03-2009 31-03-2008ekud iqu%lajpuk 142-05 3-97vU;@MsfjosfVo,iQvkbZVh,y çko/ku 50-20cV~Vs [kkrs Mkyk x;kvkSj vU; 43-68 25-67xSj fuf/ vk/kfjrlqfo/k,a &1-80 26-59,llh@vkjlhdks fcØh 73-86 34-34tksM+ 2653-46 1957-48

26- Ý+yksfVax çko/kuksa dk fooj.k fuEufyf[kr gS %(#i;s djksM+ esa)

fooj.k 31-03-2009 31-03-2008

01-04-2008@01-04-2007 dks vFk'ks"k 1080-00 980-00

o"kZ ds nkSjku fd, x, ÝyksfVaxçko/kuksa dh ek=kk 60-00 100-00

o"kZ ds nkSjku vkgj.k }kjk dh xbZ fxjkoV(Mªk MkÅu) dh jkf'k vkSj mís'; -59-49* 'kwU;

31-03-2009@31-03-2008 dks bfr'ks"k 1080-51 1080-00

*fnukad 22-09-2008 ds Hkkjrh; fjT+koZ cSad ifji=k la[;k MhchvksMh-chih-chlh-48@21@4-048@2008&09 esa mfYyf[kr Ñf"k ½.k eki+Qh rFkk ½.k jkgr;kstuk 2008 ds vUrxZr vkus okys Ñf"k ½.k [kkrks a ij vik=kçHkkjksa @ C;kt (#i;s 59-49 djksM+) dks iwjk djus ds fy,

PNB 90-135.pmd 6/24/2009, 6:04 PM129

130

27. Draw Down from Reserves:

(Rs. in crores)

Sr. Reserves Amount Purpose

No. drawn

1. Other reserves 0.01 Payment made during the year for

Blocked Account of Inter Branch

Credit entries pertaining to the period

up to 31.03.1999.

2. Revaluation 21.95 Depreciation on revalued portion of

reserves property.

28. Disclosure of complaints and unimplemented awards

of banking Ombudsman #

a. Customer Complaints

(a) No. of complaints pending at the beginning

of the year 160

(b) No. of complaints received during the year 51885

(c) No. of complaints redressed during the year 51430

(d) No. of complaints pending at the end

of March 2009 615

b Awards passed by the Banking Ombudsman

(a) No. of unimplemented Awards at the

beginning of the year 03

(b) No. of Awards passed by the banking

Ombudsman during the year 05

(c) No. of Awards implemented during the year 08

(d) No. of unimplemented Awards at the end

of March 2009 0

# As compiled by the management and relied upon by the

auditors.

29. Figures of the previous year have been regrouped/

rearranged/reclassified wherever necessary.

27- çkjf{kr fuf/ ls jkf'k fudkyuk %(#i;s djksM+ esa)

Ø çkjf{kr fuf/ fudkyh mís';la xbZ jkf'k

1- vU; çkjf{kr 0-01 31-03-1999 rd dh vof/ ds fy,fuf/;k¡ var% 'kk[kk ØsfMV ds vo#¼ [kkrs

ds fy, o"kZ ds nkSjku fd;k x;k Hkqxrku

2- iqueZwY;u 21-95 laifÙk ds iqueZwY;u okys Hkkx ij ewY;ßklçkjf{kr fuf/

28- f'kdk;rksa vkSj cSafdax yksdiky ds vf/fu.kZ;ksa dks fØ;kfUor udjus ds lEcU/ esa çdVhdj.k #

d- xzkgd f'kdk;rsa

(d) o"kZ ds vkjEHk esa fopkjk/hu f'kdk;rksa dh la[;k 160

([k) o"kZ ds nkSjku çkIr f'kdk;rksa dh la[;k 51885

(x) o"kZ ds nkSjku fuiVkbZ xbZ f'kdk;rksa dh la[;k 51430

(?k) ekpZ] 2009 ds var esa fopkjk/hu f'kdk;rksadh la[;k 615

[k- cSafdax yksdiky }kjk fn, x, vf/fu.kZ;

(d) o"kZ ds vkjEHk esa ykxw u fd, x,vf/fu.kZ;ksa dh la[;k 03

([k) o"kZ ds nkSjku cSafdax yksdiky }kjkikfjr vf/fu.kZ;ksa dh la[;k 05

(x) o"kZ ds nkSjku ykxw fd, x,vf/fu.kZ;ksa dh la[;k 08

(?k) ekpZ] 2009 ds var esa ykxw u fd, x,vf/fu.kZ;ksa dh la[;k 0

#çca/u }kjk rS;kj dh xbZ lwpuk ftl ij ys[kk ijh{kdksa us fo'okl fd;kA

29- tgka dgha vko';d le>k x;k gS rnuq:ih xr o"kZ ds vkadM+ksadk iqu% lewgu@iquO;[email protected] dj fy;k x;k gSA

PNB 90-135.pmd 6/24/2009, 6:04 PM130

131

31 ekpZ] 2009 dks lekIr o"kZ ds rqyui=k ds lkFk udnh izokg fooj.k & i=k

Cash Flow Statement Annexed to the Balance Sheet for the year ended 31st March 2009

(#- 000 dks NksM+ fn;k x;k gS) (Rs. '000 omitted)

1 vçSy] 2008 ls 31 ekpZ] 2009 rd dh vof/ ds fy,For the period from 1st April 2008 to 31st March 2009 2008-09 2007-08

d ifjpkyu dk;Zdykiksa ls udnh çokgA. Cash Flow from Operating Activities

(I) dj ds i'pkr~ 'kq¼ ykHkNet Profit after Tax 30,908,809 20,487,631

tksfM+,% dj ds fy, izko/ku (vkLFkfxr dj dks NksM+dj)Add Provision for Tax (net of deferred tax) 16,760,408 12,471,486

djksa ls iwoZ ykHkProfit before taxes (i) 47,669,217 32,959,117

(II) fuEu ds fy, lek;kstu%Adjustment for :

ewY;ßkl izHkkj (ldy)Depreciation Charges (Gross) 2,130,152 1,921,887

?kVkb,% iqueZwY;kadu izkjf{kr fuf/ ls vkgfjr jkf'kLess : Amount drawn from Revaluation Reserve -219,546 -219,546

vutZd vkfLr;ksa ds fy, izko/ku] vutZd vkfLr;ksa rFkk cV~Vs [kkrs Mkys x;s v'kksè; ½.kksa ds fy, ÝyksfVax çko/kuProvision for NPAs, Floating Provision towards NPAs & Bad Debts write off 8,275,309 3,770,825

ekud vkfLr;ksa o iqujZpuk [kkrksa ds fy, izko/kuProvision on Standard Assets & Standard Restructured Account 2,504,943 1,424,678

vU; izko/ku ('kq¼)Other Provisions (net) 1,198,743 865,398

fuos'kksa ('kq¼) ij ewY;ßkl@(fueksZpu)] cV~Vs [kkrs Mkyuk] çko/kuDepreciation/ (Release), Write off, Provision on Investments (net) -2163,411 1,041,663

vuq"kaxh@vU;ksa ls ykHkka'k (fuos'k dk;Zdyki)Dividend from Subsidiary / Others (Investing Activity) -292,927 -52,527

ckaMksa ij C;kt (foÙkh; dk;Zdyki)Interest on Bonds (Financing Activity) 5,678,395 3,574,405

vpy vkfLr;ksa dh fcØh ij ykHk@gkfu ('kq¼)Profit / Loss on sale of Fixed Assets ( net ) -17754 -11,338

(ii) 17,093,904 12,315,445

ifjpkyu vkfLr;ksa o ns;rkvksa esa ifjorZuksa ls iwoZ ifjpkyu ykHkOperating Profit before Changes in Operating ( i+ii) 64,763,121 45,274,562

Assets and Liabilities

(III) ifjpkyu vkfLr;ksa o ns;rkvksa esa 'kq¼ ifjorZu ds fy, lek;kstuAdjustment for net change in Operating Assets and Liabilities

fuos'kksa esas deh@(o`f¼)Decrease / (Increase) in Investments -87,164,357 -86,830,919

vfxzeksa esa deh@(o`f¼)Decrease / (Increase) in Advances -360,230,558 -231,821,301

vU; vkfLr;ksa esa deh@(o`f¼)Decrease / (Increase) in Other Assets -7,455,561 2,740,884

tekjkf'k;ksa esa o`f¼@(deh)Increase / (Decrease) in Deposits 433,032,707 265,975,549

m/kjksa esa o`f¼@(deh)Increase / (Decrease) in Borrowings -10,721,963 34,977,030

vU; ns;rkvksa o izko/kuksa esa o`f¼@(deh)Increase / (Decrease) in Other Liabilities & Provisions 4,963,379 6,715,021

(iii) -27,576,353 -8,243,736

tkjh---@Contd.

PNB 90-135.pmd 6/24/2009, 6:04 PM131

132


ifjpkyuksa ls mRiUu udnh

Cash generated from Operations ( i+ii+iii) 37,186,768 37,030,826

iznÙk dj (okilh dks NksM+dj)

Tax Paid (net of refund ) -16,135,188 -19,469,573

ifjpkyu dk;Zdykiksa ls 'kq¼ udnh

Net Cash from Operating Activities (d) (A) 21,051,580 17,561,253

[k- fuos'k dk;Zdykiksa ls udnh izokg

B. Cash Flow from Investing Activities

vpy vkfLr;ksa dh [kjhn (fcØh dks NksM+dj)

Purchase of Fixed Assets (net of Sales) -2928,252 -2,329,477

vuq"kafx;ksa@lg m|eksa@{ks-xzk-cSadksa ls izkIr ykHkka'k

Dividend recd from Subsidiaries / JV / RRBs 292,927 52,527

vuq"kafx;ksa@lg m|eksa@{ks-xzk- cSadksa esa fuos'k

Investment in Subsidaries / JV / RRBs -1,323,107 -2167,634

fuos'k dk;Zdykiksa esa mi;ksx dh xbZ 'kq¼ udnh

Net Cash used in investing Activities ([k) ( B ) -3,958,432 -4,444,584

x- foÙkh;u dk;Zdykiksa ls udnh izokg

C. Cash Flow from Financing Activities

tkjh@iqu[kZjhn ckaM (Vh;j&A o Vh;j&AA)

Bonds (Tier I & II) Issued/ Redemption 19,205,000 24,700,000

ckaMksa ij iznÙk C;kt

Interest paid on Bonds -5,678,395 -3,574,405

ykHkka'kksa dk Hkqxrku@ykHkka'kksa ij dkWjiksjsV dj

Payments of Dividends/Corporate tax on Dividend -4,795,547 -2,390,214

foÙkh;u dk;Zdykiksa ls 'kq¼ udnh

Net Cash from Financing Activities (x) ( C ) 8,731,058 18,735,381

?k- udnh rFkk udnh rqY;ksa esa 'kq¼ ifjorZu

D. Net Change in Cash and Cash Equivalents ( A+B+C ) 25,824,206 31,852,050

o"kZ ds vkjEHk esa udnh rFkk udnh rqY;

Cash and Cash Equivalents at the beginning of the year

Hkkjrh; fjt+oZ cSad ds ikl udnh vkSj 'ks"k

Cash and Balances with Reserve Bank of India 152,581,517 123,720,292

cSad ds ikl 'ks"k vkSj ekax o vYi lwpuk ij /u

Balance with bank& money at call & short notice 35,725,721 188,307,238 32,734,896 156,455,188

o"kZ ds var esa udnh rFkk udnh rqY;

Cash and Cash Equivalents at the end of the year


Cash and Balances with Reserve Bank of India 170,582,536 152,581,517

cSad ds ikl 'ks"k vkSj ekax o vYi lwpuk ij /u

Balance with bank& money at call & short notice 43,548,908 214,131,444 35,725,721 188,307,238

25,824,206 31,852,050

tkjh---@Contd.

PNB 90-135.pmd 6/24/2009, 6:04 PM132

133

,l-ih- jktk vf'ouh pM~<keq[; çca/d lgk- egkçcU/d

S.P. RAJA ASHWANI CHADHA

CHIEF MANAGER ASSTT. GEN. MANAGER

ds-oh-ch,u- jko ,l- jaxukFkumi egkçcU/d egkçcU/d

K.V.Bn. RAO S. RANGANATHAN

DY. GEN. MANAGER GEN. MANAGER

,e-o- Vk¡dlkys ukxs'k iSM+kdk;Zdkjh funs'kd dk;Zdkjh funs'kd

M V TANKSALE NAGESH PYDAH

EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR

MkW- ds-lh- pØcrhZ

vè;{k ,oa çcU/ funs'kd

DR. K. C. CHAKRABARTY

CHAIRMAN & MANAGING DIRECTOR


d`rs oh ladj vÕ;j ,.M daú d`rs ,u lh jktxksiky ,.M daú d`rs xqIrk ,.M xqIrklunh ys[kkdkj lunh ys[kkdkj lunh ys[kkdkj(vkj j?kqjkeu) (oh pUnz'ks[kj.k) (,l ch xqIrk)

lk>snkj lk>snkj lk>snkj

FOR V SANKAR AIYAR & CO FOR N C RAJAGOPAL & CO FOR GUPTA & GUPTA

CHARTERED ACCOUNTANTS CHARTERED ACCOUNTANTS CHARTERED ACCOUNTANTS

(R RAGHURAMAN) (V CHANDRASEKARAN) (S B GUPTA)

PARTNER PARTNER PARTNER

d`rs ih tSu ,.M daú Ñrs dykuh ,.M daú Ñrs vkatus;qyq ,.M daúlunh ys[kkdkj lunh ys[kkdkj lunh ys[kkdkj(iadt tSu) (fodkl xqIrk) (Mh oh vkatus;qyqq)

FOR P JAIN & CO FOR KALANI & CO. FOR ANJANEYULU & CO.


(PANKAJ JAIN) (VIKAS GUPTA) (D V ANJANEYULU)





fVIi.kh@Note :-

1. iznÙk izR;{k djksa (okilh dks NksM+dj) dks ifjpkyu dk;Zdykiksa ls mn~Hkwr ekuk x;k gS rFkk bUgsa fuos'k rFkk foÙkh;u dk;Zdykiksa ds eè; foHkDrugha fd;k x;k gSADirect taxes paid (net of refund) are treated as arising from operating activities and are not bifurcated between investing and

financing activities.

2. (&) esa fn;s x;s lHkh vk¡dM+s ¶udnh cfgxZeu¸ n'kkZrs gSaAAll figures in minus represent "Cash out Flow"

PNB 90-135.pmd 6/24/2009, 6:04 PM133

134

AUDITORS' REPORT TO THE PRESIDENT OF INDIA

1. We have audited the attached Balance Sheet of Punjab

National Bank as at 31st March, 2009, the Profit and Loss

Account and Cash Flow Statement annexed thereto for the

year ended on that date, in which are incorporated the

returns of (i) 20 branches and controlling offices (including

circle offices) audited by us (ii) 3671 branches (including 2

foreign branches and 1 Offshore Banking Unit) and 38 other

offices audited by other auditors and (iii) 738 branches not

subjected to audit. These unaudited branches account for

1.24% of advances, 4.48% of deposits, 0.72% of interest

income and 3.38% of interest expenses. The branches

selected by the Bank for audit are in accordance with the

guidelines issued by the Reserve Bank of India.

2. These financial statements are the responsibility of the Bank’s

management. Our responsibility is to express an opinion on

these financial statements based on our audit.

3. We conducted our audit in accordance with the auditing

standards generally accepted in India. Those standards

require that we plan and perform the audit to obtain

reasonable assurance about whether the financial statements

are free of material misstatements. An audit includes

examining, on a test basis, evidence supporting the amounts

and disclosures in the financial statements. An audit also

includes assessing the accounting principles used and

significant estimates made by the management, as well as

evaluating the overall financial statement presentation. We

believe that our audit provides a reasonable basis for our

opinion.

4. The Balance Sheet and Profit and Loss Account have been

drawn up in forms A and B respectively of the third schedule

to the Banking Regulations Act, 1949.

5. We draw attention:

i. to note no.24f of Schedule-18, the bank has disputed

tax demands of Rs.1155.15 crores against which

payment of Rs.1094.83 crores has been made.

ii. to footnote to note no.6c of Schedule-18, Provision

for diminution in fair value of restructures of advances

of Rs. 1 crore to 25 crores each has been provided @

5% of outstanding amount instead of calculating the

diminution in each case as prescribed by Reserve Bank

of India.

6. Subject to limitation of the audit as indicated in paragraph

1 and as required by the Banking Companies (Acquisition

and Transfer of Undertakings) Act, 1970 and also subject to

the limitations of disclosure required therein, we report that:

a) In our opinion and to the best of our information and

according to the explanations given to us and as shown

by the books of the Bank and in conformity with the

accounting principles generally accepted in India:

Hkkjr ds jk"Vªifr egksn; dks ys[kk&ijh{kdksa dk çfrosnu

1- geus iaTkkc uS'kuy cSad ds 31 ekpZ] 2009 ds layXu rqyui=k vkSjmDr frfFk dks lekIr o"kZ ds ykHk&gkfu [kkrs rFkk mlds lkFk layXuudn çokg fooj.k i=k dh ys[kkijh{kk dh gS ftlesa (i) gekjs }kjkys[kk ijhf{kr 20 'kk[kkvksa vkSj fu;a=kd dk;kZy;ksa (eaMy dk;kZy;ksalfgr) (ii) vU; ys[kk ijh{kdksa }kjk ys[kkijhf{kr 3671 'kk[kkvksa (2fons'kh 'kk[kkvksa vkSj 1 vkWiQ'kksj cSafdax ;wfuV lfgr) rFkk 38 vU;dk;kZy;ksa vkSj (iii) 738 xSj ys[kkijhf{kr 'kk[kkvksa dh foojf.k;ka'kkfey gSaA bu x+Sj&ys[kkijhf{kr 'kk[kkvksa dk vfxzeksa esa 1-24»]tekjkf'k;ksa esa 4-48»] C;kt vk; esa 0-72»] rFkk C;kt O;; esa 3-38»] va'k gSA cSad us ys[kk ijh{kk ds fy, 'kk[kkvksa dk p;u Hkkjrh;fjT+koZ cSad }kjk tkjh ekxZfunZs'kksa ds vuqlkj fd;k gSA

2- bu foÙkh; fooj.k i=kksa dh ftEesnkjh cSad çcU/u dh gSA gekjhftEesnkjh bu fooj.k i=kksa ij gekjs }kjk dh xbZ ys[kk ijh{kk dsvkèkkj ij er çdV djus rd gSA

3- geus Hkkjr esa lkekU;r% LohÑr ys[kkadu ekudksa ds vuqlkj ys[kkijh{kkdh gSA bu ekudksa ds vuqlkj ge ys[kkijh{kk dh vk;kstuk rFkkmldk fu"iknu bl çdkj djrs gSa fd gesa foÙkh; fooj.k&i=kksa esa=kqfViw.kZ fooj.k u gksus ds çfr leqfpr vk'oklu fey tk,A ys[kkijh{kkesa ,sls lk{;ksa dh ijh{k.k ds rkSj ij tk¡p dh tkrh gS tks foÙkh;fooj.k&i=kksa esa mfYyf[kr jkf'k;ksa rFkk çdVhdj.k ds leFkZu esa fn,tkrs gSaA ys[kkijh{kk esa çca/u }kjk mi;ksx esa yk, x, ys[kkadufl¼kar rFkk mlds }kjk yxk, x, lkFkZd vuqekuksa dk fu/kZj.k rFkkleLr foÙkh; fooj.ki=k dh çLrqfr dk ewY;kadu djuk Hkh 'kkfeygS A gesa fo'okl gS fd gekjs }kjk dh xbZ ys[kkijh{kk us gekjss vfHkerdks leqfpr vk/kj çnku fd;k gSA

4- rqyui=k o ykHk rFkk gkfu [kkrk Øe'k% cSafdax fofu;eu vf/fu;e1949 dh rrh; vuqlwph ds iQkeZ ^,* vkSj ^ch* esa rS;kj fd;k x;k gSA

5- ge fuEufyf[kr rF;ksa dh vksj è;ku vkdf"kZr djrs gSa%

i. vuqlwph 18 dh fVIi.kh la[;k 24p ns[ksaA cSad us #i;s1155-15 djksM+ dh dj ekax ds laca/ esa viuk rdZ fn;kgS fd mlds cnys esa #i;s 1094-83 djksM+ dk Hkqxrku fd;k x;k gSA

ii. vuqlwph 18 dh fVIi.kh la[;k 6x dh ikn fVIi.kh ns[ksaA #i;s1 djksM+ ls 25 djksM+ rd ds çR;sd vfxze ds mfpr ewY; dhlajpuk esa de ds fy, cdk;k jkf'k gsrq 5» dh nj ls çkoèkkufd;k x;k gS u fd Hkkjrh; fjT+koZ cSad }kjk fu/kZfjr ?kkVs dhnjksa ij x.kuk dh xbZA

6- mi;qZDr iSjk 1 esa ;Fkk mfYyf[kr ys[kkijh{kk dh lhekvksa ds rFkkcSafdax dEiuh (miØeksa dk vtZu rFkk varj.k) vf/fu;e] 1970}kjk ;Fkkisf{kr rFkk mlesa visf{kr çdVhdj.k lhekvksa ds vè;/hu]ge çfrosfnr djrs gSa %

d) gekjh lEefr o lokZsÙke tkudkjh vkSj gesa fn, x, Li"Vhdj.kksa

ds vuqlkj o cSad dh ys[kkcfg;ksa esa ;Fkkçnf'kZr rFkk Hkkjr esa

lkekU;r;k LohÑr ys[kkadu fl¼kUrksa ds vuq:i %

PNB 90-135.pmd 6/24/2009, 6:04 PM134

135

I. The Balance Sheet read with significant

accounting policies and notes thereon, is a full

and fair Balance Sheet containing the necessary

particulars, and is properly drawn up so as to

exhibit a true and fair view of the state of affairs

of the Bank as at 31st March 2009.

II. The Profit and Loss Account read with the

significant accounting policies and notes thereon

shows a true balance of the profit for the year

covered by the account and

III. The Cash Flow Statement gives a true and fair

view of cash flows for the year covered by the

statement.

b) In our opinion the Balance Sheet, Profit and Loss

Account and the Cash Flow Statement comply with

the applicable Accounting Standards.

c) We have obtained all the information and

explanations, which to the best of our knowledge and

belief were necessary for the purpose of our audit and

have found them to be satisfactory.

d) The transactions of the Bank, which have come to our

notice, have been within its powers.

e) The returns received from the offices and branches of

the Bank have been found adequate for the purpose

of our audit.

For V Sankar Aiyar & Co. For N C Rajagopal & Co.


R Raghuraman V Chandrasekaran

Partner Partner

Membership No 81350 Membership No. 24844

For Gupta & Gupta For P.Jain & Co.


S B Gupta Pankaj Jain

Partner Partner

Membership No 06099 Membership No 97279

For Kalani & Co. For Anjaneyulu & Co.


Vikas Gupta D.V.Anjaneyulu

Partner Partner


New Delhi

DATE: 20th

May 2009

I. [kkrksa ls lEcfU/r fVIif.k;ksa vkSj çeq[k ys[kk fof/lEcU/h uhfr;ksa ds lkFk ifBr rqyui=k ,d iw.kZ rFkkmfpr rqyui=k gS ftlesa lHkh vko';d fooj.k fn,x, gSa vkSj ;g bl rjg ls rS;kj fd;k x;k gS fd blesacSad dk;ks± dh 31 ekpZ] 2009 dh lgh vkSj mfprfLFkfr çnf'kZr gksrh gSA

II. [kkrksa ls lEcfU/r fVIif.k;ksa vkSj çeq[k ys[kk fof/lEcU/h uhfr;ksa ds lkFk ifBr ykHk rFkk gkfu ys[kksa}kjk doj o"kZ ds ykHk dk lgh 'ks"k n'kkZrk gSA

III. udn çokg fooj.k i=k blds }kjk doj vof/ gsrqlgh vkSj mfpr udn çokg n'kkZrk gS] tks lkekU;r;kHkkjr esa LohÑr ys[kkadu fl¼kUrksa ds vuq:i gSaA

[k) gekjs er esa rqyui=k] ykHk o gkfu ys[kk vkSj udnh çokgfooj.k ykxw ys[kkdj.k ekudksa ds vuqlkj gSaA

x) gekjh lokZsÙke tkudkjh vkSj fo'okl ds vuqlkj ys[kk ijh{kkds fy, tks Hkh lwpuk o Li"Vhdj.k vko';d Fks] os gesa çkIrgks x, gSa vkSj geus mUgsa larks"ktud ik;k gSA

?k) cSad ds tks ysunsu gekjh tkudkjh esa vk, gSa] os cSad dh'kfDr;ksa ds vUrxZr gSaA

Ä) cSad ds dk;kZy;ksa o 'kk[kkvksa ls çkIr foojf.k;k¡ gekjhys[kk ijh{kk ds ç;kstukFkZ i;kZIr ikbZ xbZ gSaA

Ñrs oh ladj vÕ;j ,aM dEiuh Ñrss ,u lh jktxksiky ,aM dEiuhlunh ys[kkdkj lunh ys[kkdkj

(vkj- j?kqjkeu) (oh pUæ'ks[kju)lk>snkj lk>snkjlnL; la[;k 81350 lnL; la[;k 24844

d`rs xqIrk ,.M xqIrk d`rs ih tSu ,.M daúlunh ys[kkdkj lunh ys[kkdkj

(,l ch xqIrk) (iadt tSu)lk>snkj lk>snkjlnL; la[;k 06099 lnL; la[;k 97279

Ñrs dykuh ,.M daú Ñrs vkatus;qyq ,.M daúlunh ys[kkdkj lunh ys[kkdkj

(fodkl xqIrk) (Mh oh vkatus;qyqq)lk>snkj lk>snkjlnL; la[;k 77076 lnL; la[;k 21036

ubZ fnYyhfnukad % 20 ebZ] 2009

PNB 90-135.pmd 6/24/2009, 6:04 PM135

PNB 136-176.pmd 6/24/2009, 6:09 PM136

PNB 136-176.pmd 6/24/2009, 6:09 PM137

138

31 ekpZ] 2009 dh fLFkfr ds vuqlkj lesfdr rqyu&i=k

CONSOLIDATED BALANCE SHEET AS ON 31ST MARCH, 2009

(#i;s djksM+ esa Rs. in Crores)

vuqlwph 31-03-2009 dks 31-03-2008 dksSchedule As on 31.03.09 As on 31.03.08

iawth vkSj ns;rk,a / CAPITAL & LIABILITIES

iwath / Capital 1 315.30 315.30

çkjf{kr fuf/ vkSj vf/'ks"k / Reserves & Surplus 2 15244.92 12756.54

vYika'k fgr / Minority Interest 2d@A 139.94 136.87

tekjkf'k;ka / Deposits 3 210659.17 166917.02

m/kj / Borrowings 4 8950.95 8646.18

vU; ns;rk,a vkSj çko/ku / Other Liabilities and Provisions 5 18280.87 14943.95

tksM+ @ TOTAL 253591.15 203715.86

vkfLr;ka / ASSETS


Cash and Balances with Reserve Bank of India 6 17059.55 15259.14

cSadksa ds ikl tek 'ks"k vkSj ek¡x rFkk vYi lwpuk ij çkI; /u

Balances with Banks & Money at call & short notice 7 4965.60 3968.53

fuos'k / Investments 8 65391.68 55883.28

½.k vkSj vfxze / Loans & Advances 9 158453.42 121571.05

vpy vkfLr;ka / Fixed Assets 10 2412.17 2328.57

vU; vkfLr;ka / Other Assets 11 5098.71 4495.22

lesdu ij lk[k ('kq¼) / Goodwill on Consolidation (Net) 210.02 210.07

tksM+ @ TOTAL 253591.15 203715.86

vkdfLed ns;rk,a / Contingent Liabilities 12 110472.81 104176.34

mxkgh fcy / Bills for Collection 7567.10 7106.59

,l-ih- jktk vf'ouh pM~<k ds-oh-ch,u- jko ,l- jaxukFku ,e-o- Vk¡dlkys ukxs'k iSM+k Mk- ds-lh- pØcrhZeq[; çca/d lgk- egkçcU/d mi egkçcU/d egkçcU/d dk;Zdkjh funs'kd dk;Zdkjh funs'kd vè;{k ,oa çcU/ funs'kd

S.P. RAJA ASHWANI CHADHA K.V.Bn. RAO S. RANGANATHAN M. V. TANKSALE NAGESH PYDAH DR. K. C. CHAKRABARTY


jouhr dkSj ,y-,e- i+Qksalsdk ,l-vkj- [kqjkuk th-vkj- lqUnjoMhosy Mh-ds- flaxyk ,e-,y- cXxk th-ih- [kaMsyoky Vh-,u- prqoZsnh ,e-,- varqys oh-ds- feJkfuns'kd funs'kd funs'kd funs'kd funs'kd funs'kd funs'kd funs'kd funs'kd funs'kd

RAVNEET KAUR L.M. FONSECA S.R. KHURANA G.R. SUNDARAVADIVEL D.K. SINGLA M.L. BAGGA G.P. KHANDELWAL T. N. CHATURVEDI M. A. ANTULAY V.K. MISHRA



d`rs oh ladj vÕ;j ,.M daú d`rs ,u lh jktxksiky ,.M daú d`rs xqIrk ,.M xqIrk d`rs ih tSu ,.M daú Ñrs dykuh ,.M daú Ñrs vkatus;qyq ,.M daúlunh ys[kkdkj lunh ys[kkdkj lunh ys[kkdkj lunh ys[kkdkj lunh ys[kkdkj lunh ys[kkdkj(vkj j?kqjkeu) (oh pUnz'ks[kj.k) (,l ch xqIrk) (iadt tSu) (lanhi >k¡oj) (Mh oh vkatus;qyqq)



(R RAGHURAMAN) (V CHANDRASEKARAN) (S B GUPTA) (PANKAJ JAIN) (SANDEEP JHANWAR) (D V ANJANEYULU)



LFkku@Place : ubZ fnYyh@New Delhi

PNB 136-176.pmd 6/24/2009, 6:09 PM138

139

31 ekpZ] 2009 dks lekIr o"kZ dk lesfdr ykHk o gkfu ys[kkCONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH,2009

(#i;s djksM+ esa Rs. in Crores)

vuqlwph 31-03-2009 dks lekIr o"kZ 31-03-2008 dks lekIr o"kZSchedule Year ended 31.03.09 Year ended 31.03.08

I. vk; / INCOME

vftZr C;kt / Interest earned 13 19777.65 14660.63

vU; vk; / Other Income 14 2912.08 1993.09

tksM+@TOTAL 22689.73 16653.72

II. O;; / EXPENDITURE

[kpZ fd;k x;k C;kt / Interest expended 15 12576.36 8959.03

ifjpkyu [kpZ / Operating expenses16 4247.77 3556.67

çko/ku vkSj vkdfLedrk,¡ (vuqlwph 18 dh fVIi.kh 4-12 (ch) ns[ksa)Provisions and Contingencies (see Note 4.12(b) of Schedule 18) 2734.04 2007.70

tksM+@TOTAL 19558.17 14523.40

vYika'k fgr ls iwoZ ewy o vuq"kafx;ksa dk o"kZ ds fy, lesfdr 'kq¼ ykHkConsolidated Net Profit for the year of the parent & subsidiaries before Minority Interest 3131.56 2130.32

?kVk;sa % vYika'k fgr / Less : Minority Interest 3.07 10.82

vYika'k fgr ds i'pkr~ ewy o vuq"kafx;ksa dk o"kZ ds fy, lesfdr 'kq¼ ykHkConsolidated Net Profit for the year of the parent & subsidiaries after Minority Interest 3128.49 2119.50

vuq"kafx;ksa esa vtZu dk va'k ('kq¼)/ Share of earnings in Associates (net) 17 68.54 83.59

lewg dk o"kZ ds fy, lesfdr ('kq¼) ykHkConsolidated Net Profit for the year attributable to the group 3197.03 2203.09

tkfsM+, % vkxs yk;k x;k lewg dk lesfdr ykHkAdd : Brought forward consolidated profit attributable to the group 327.25 237.34

tksfM+, % iwathxr çkjf{kr fuf/;ksa ls varfjr / Add: Transferred from Capital Reserve 0.00 0.00

fofu;kstu ds fy, miyC/ ykHk / Profit available for Appropriation 3524.28 2440.43

fofu;kstu / APPROPRIATIONS

izkjf{kfr;ksa dks varj.k ('kq¼) / Transfer to Reserves (Net) :

lkafof/d çkjf{kr fuf/;ka / Statutory Reserve 777.62 521.23

iwath çkjf{kr fuf/;ka&vU; / Capital Reserve - Others 275.63 83.94

fuos'k ?kV&c<+ çkjf{kr fuf/;k / Investment Fluctuation Reserve 107.11 0.00

vU; çkjf{kr fuf/;ka / Other Reserve 1225.00 1015.85

fo'ks"k çkjf{kr fuf/;ka / Special Reserve 10.15 8.15

ykHkak'k dj lfgr ykHkka'k / Dividend Including Dividend Tax

2008&09 ds fy, izLrkfor ykHkka'k / Proposed Dividend for 2008-09 743.44 484.01

vUrfje ykHkka'k / Interim Dividend 0.00 0.00

ykHkka'k dj / Dividend Tax 0.00 0.00

lesfdr rqyu&i=k esa ys tk;k x;k 'ks"kBalance carried over to consolidated Balance Sheet 385.33 327.25

tksM+@ TOTAL 3524.28 2440.43

çfr 'ks;j vtZu (#i;ksa esa) / Earnings per Share (In Rs.) 101.40 69.87

ys[kk uhfr;ka rFkk [kkrksa ls lacaf/r fVIif.k;kaAccounting Policy & Notes on Accounts 18

,l-ih- jktk vf'ouh pM~<k ds-oh-ch,u- jko ,l- jaxukFku ,e-o- Vk¡dlkys ukxs'k iSM+k Mk- ds-lh- pØcrhZeq[; çca/d lgk- egkçcU/d mi egkçcU/d egkçcU/d dk;Zdkjh funs'kd dk;Zdkjh funs'kd vè;{k ,oa çcU/ funs'kdS.P. RAJA ASHWANI CHADHA K.V.Bn. RAO S. RANGANATHAN M. V. TANKSALE NAGESH PYDAH DR. K. C. CHAKRABARTY


jouhr dkSj ,y-,e- i+Qksalsdk ,l-vkj- [kqjkuk th-vkj- lqUnjoMhosy Mh-ds- flaxyk ,e-,y- cXxk th-ih- [kaMsyoky Vh-,u- prqoZsnh ,e-,- varqys oh-ds- feJkfuns'kd funs'kd funs'kd funs'kd funs'kd funs'kd funs'kd funs'kd funs'kd funs'kd

RAVNEET KAUR L.M. FONSECA S.R. KHURANA G.R. SUNDARAVADIVEL D.K. SINGLA M.L. BAGGA G.P. KHANDELWAL T. N. CHATURVEDI M. A. ANTULAY V.K. MISHRA



drs oh ladj vÕ;j ,.M daú drs ,u lh jktxksiky ,.M daú drs xqIrk ,.M xqIrk drs ih tSu ,.M daú Ñrs dykuh ,.M daú Ñrs vkatus;qyq ,.M daúlunh ys[kkdkj lunh ys[kkdkj lunh ys[kkdkj lunh ys[kkdkj lunh ys[kkdkj lunh ys[kkdkj(vkj j?kqjkeu) (oh pUnz'ks[kj.k) (,l ch xqIrk) (iadt tSu) (lanhi >k¡oj) (Mh oh vkatus;qyqq)



(R RAGHURAMAN) (V CHANDRASEKARAN) (S B GUPTA) (PANKAJ JAIN) (SANDEEP JHANWAR) (D V ANJANEYULU)



LFkku@Place : ubZ fnYyh@New Delhi

PNB 136-176.pmd 6/24/2009, 6:09 PM139

140

vuqlwph I &iawth

SCHEDULE 1 - CAPITAL

(#- djksM+ esa Rs. in Crore)

31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

çkf/Ñr iwathçR;sd #- 10 ds 150]00]00]000 bfDoVh 'ks;jAuthorised Capital 1500.00 1500.00

150,00,00,000 Equity shares of Rs.10 each

tkjh rFkk vfHknRrçR;sd #- 10 ds 31]53]02]500 bfDoVh 'ks;jIssued & Subscribed

31,53,02,500 Equity shares of Rs. 10 each 315.30 315.30

çnRrçR;sd #- 10 ds 31]53]02]500 bfDoVh 'ks;j(dsaæh; ljdkj }kjk /kfjr çR;sd #- 10 ds fiNys o"kZ ds 18]22]41]300 bfDoVh 'ks;j 'kkfey gSa)Paid up

31,53,02,500 Equity shares of Rs. 10 each 315.30 315.30

(includes 18,22,41,300 Equity Shares of Rs.10/- each held by Central Government)

tksM+@TOTAL 315.30 315.30




31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

I. lkafof/d çkjf{kr fuf/;kaStatutory Reserves

çkjfEHkd 'ks"kOpening Balance 2928.91 2407.68

o"kZ ds nkSjku o`f¼Addition during the year 777.62 521.23

3706.53 2928.91

II. iwathxr çkjf{kr fuf/;kaCapital Reserve

d) iquewZY;u çkjf{kr fuf/;ka a) Revaluation Reserve



o"kZ ds nkSjku dVkSrh (ifjlEifÙk ds iquewZY;u Hkkx ij ewY;ßkl ds dkj.k)Deduction during the year/(being Depreciation on revalued portion of Property) 21.95 21.95

1513.75 1535.70

[k)vU;b) Others



665.44 389.81

tkjh---@ Contd.

PNB 136-176.pmd 6/24/2009, 6:09 PM140

141


vuqlwph 2 &izkjf{kr fuf/;ka vkSj vf/'ks"kSCHEDULE 2 - RESERVES & SURPLUS


31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

III. jktLo rFkk vU; izkjf{kr fuf/;kaRevenue and Other Reserve

d- fuos'k ?kV&c<+ çkjf{kr fuf/;kaa. Investment Fluctuation Reserve



?kVk;sa % ykHk o gkfu [kkrs esa varj.kLess : Transfer to Profit & Loss Account 0.00 0.00

170.11 63.00

[k- vU; çkjf{kr fuf/;kab. Other Reserve



o"kZ ds nkSjku dVkSfr;ka*Deduction during the year* 0.00 928.10

?kVk;sa % var%vo#¼ [kkrksa ds fy, HkqxrkuLess : Payment for Inter blocked accounts 0.04 0.04

6669.89 5444.94

x- fofue; ?kVc<+ çkjf{kr fuf/;kac. Exchange Fluctuation Reserve


tksMa+s % o"kZ ds nkSjku o`f¼ ('kq¼)Add : Addition during the year (net) 4.15 0.00

?kVk;sa % o"kZ ds nkSjku vkgj.k ('kq¼)Less : Withdrawn during the year (Net) 0.00 0.02

4.78 0.63

IV. 'ks;j izhfe;eShare Premium


2011.43 2011.43

V. fo'ks"k çkjf{kr fuf/Special Reserve

çkjfEHkd 'ks"k Opening Balance 67.77 59.62

o"kZ ds nkSjku o`f¼ Addition during the year 10.15 8.15

77.92 67.77

VI. fons'kh eqæk varj.k çkjf{kr fuf/Foreign Currency Translation Reserve

çkjfEHkd 'ks"k Opening Balance -12.90 0.00

o"kZ ds nkSjku o`f¼ Addition during the year 52.64 -12.90

39.74 -12.90

VII. ykHk&gkfu ys[ks esa 'ks"kBalance in Profit & Loss Account 385.33 327.25

TOTAL OF I, II, III, IV, V, VI,VII dk tksM+ 15244.92 12756.54

* ¶deZpkjh i+Qk;nksa ij ys[kk&ekud 15 (la'kksf/r) dksigyh ckj viukus ds dkj.k laØe.k'khy lek;ksturepresents transition adjustment on account of first time adoption

of Accounting Standard 15 (Revised) on "Employee Benefits"

vuqlwph 2d &vYika'k fgrSCHEDULE 2A - MINORITY INTEREST


31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

ftl rkjh[k dks ewy rFkk lgk;d laLFkk dk laca/ vfLrRo esa vk;k ml rjh[k dks vYika'k fgrMinority Interest at the date on which the parent-subsidiary relationship came into existence 77.19 77.19

ckn esa o`f¼Subsequent increase 62.75 59.68

rqyu&i=k dh rkjh[k dks vYika'k fgrMinority Interest at the date of balance sheet 139.94 136.87

PNB 136-176.pmd 6/24/2009, 6:09 PM141

142

vuqlwph 3 &tekjkf'k;ka

SCHEDULE 3 - DEPOSITS


31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

d-I. ek¡x tekjkf'k;kaA.I. DEMAND DEPOSITS

(i) cSadksa lsFrom Banks 1438.63 1542.87

(ii) vU; lsFrom Others 17399.40 16250.54

18838.03 17793.41

II. cpr cSad tekjkf'k;kaSAVINGS BANK DEPOSITS 62688.31 53804.87

III. eh;knh tekjkf'k;kaTERM DEPOSITS

(i) cSadksa lsFrom Banks 4258.22 1758.46

(ii) vU; lsFrom Others 124874.61 93560.28

129132.83 95318.74

TOTAL OF I, II, III dk tksM+ 210659.17 166917.02

[k- (i) Hkkjr esa 'kk[kkvksa dh tekjkf'k;kaB. Deposits of branches In India 207178.83 166497.47

(ii) Hkkjr ls ckgj 'kk[kkvksa dh tekjkf'k;kaDeposits of branches outside India 3480.34 419.55

TOTAL OF i, ii dk tksM+ 210659.17 166917.02

vuqlwph 4 &m/kj

SCHEDULE 4 - BORROWINGS


31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

I. Hkkjr esa m/kj

Borrowings in India

(i) Hkkjrh; fjt+oZ cSadReserve Bank of India 475.00 2445.00

(ii) vU; cSadOther Banks 1278.64 1092.88

(iii) vU; laLFkk,a vkSj ,tsafl;kaOther Institutions and Agencies 1860.46 1945.93

II. Hkkjr ds ckgj m/kjBorrowings Outside India 5336.85 3162.37

TOTAL OF I, II dk tksM+ 8950.95 8646.18

çfrHkwr m/kj tks mi;qZDr A ,oa AA esa 'kkfey gSaSecured Borrowings included in I & II above 2043.36 3893.24

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143

vuqlwph 5 &vU; ns;rk,a vkSj çko/kuSCHEDULE 5 - OTHER LIABILITIES AND PROVISIONS


31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

I. ns; fcyBills Payable 2645.19 2113.28

II. var%&dk;kZy; lek;kstu ('kq¼)

Inter-office adjustments (net) 161.66 386.04

III. mifpr C;kt

Interest accrued 363.46 345.31

IV. vU; (çko/kuksa lfgr) vçfrHkwr çfrns; ck¡M lfgr vij Vh;j&II

vkSj Vh;j&I dh iwath

Others (including Provisions) Includes Unsecured Redeemable Bonds 15110.56 12099.32

Upper Tier-II Bonds & Tier-I Bonds

TOTAL OF I, II, III, IV dk tksM+ 18280.87 14943.95

vuqlwph 6 & Hkkjrh; fjt+oZ cSad ds ikl udnh vkSj tek'ks"k

SCHEDULE 6 - CASH AND BALANCES WITH RESERVE BANK OF INDIA


31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

I. gkFk esa udnh (fons'kh eqæk uksV lfgr)

Cash in hand (including Foreign Currency Notes) 1629.90 1442.86

II. Hkkjrh; fjt+oZ cSad ds ikl pkyw [kkrs esa 'ks"k

Balance with Reserve Bank of India in Current Account 15429.65 13816.28

TOTAL OF I, II dk tksM+ 17059.55 15259.14

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144

vuqlwph 7 &cSadksa ds ikl 'ks"k vkSj ekax o vYi lwpuk ij izkI; /uSCHEDULE 7 - BALANCE WITH BANKS & MONEY AT CALL & SHORT NOTICE


31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

I. Hkkjr esaIN INDIA

(i) cSadkss ds ikl 'ks"kBalance with Banks :

(d)pkyw [kkrksa esa(a) In Current Accounts 932.68 723.60

([k)vU; tek [kkrksa esa(b) In Other Deposit Accounts 1861.71 2046.94

2794.39 2770.54

(ii) ekax vkSj vYi lwpuk ij izkI; /uMoney at Call and Short Notice :

(d)cSadksa ds ikl(a) With Banks 0.00 182.65

([k)vU; laLFkkvksa ds ikl(b) With Other Institutions 20.89 0.00

tksM+@TOTAL ( i & ii ) 20.89 182.65

2815.28 2953.19

II. Hkkjr ls ckgjOUTSIDE INDIA

(i) pkyw [kkrksa esaIn Current Accounts 391.53 442.60

(ii) vU; tek [kkrksa esaIn Other Deposit Accounts 910.11 150.76

(iii) ekax vkSj vYi lwpuk ij izkI; /uMoney at Call & Short Notice 848.68 421.98

tksM+@TOTAL 2150.32 1015.34

GRAND TOTAL I, II dk dqy tksM+ 4965.60 3968.53

vuqlwph 8 & fuos'kSCHEDULE 8 - INVESTMENTS


31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

I. Hkkjr esa fuEufyf[kr esa fuos'kI. INVESTMENTS IN INDIA

(i) ljdkjh izfrHkwfr;kaGovt Securities 56366.35 46129.19

(ii) vU; vuqeksfnr izfrHkwfr;kaOther approved securities 667.43 801.11

(iii) 'ks;jShares 1205.71 869.18

(iv) fMcsapj vkSj ckaMDebentures and Bonds 4780.02 4099.91

(v) lgk;d laLFkkvksa esa fuos'k (bfDoVh i¼fr ij)Investment in Associates (on equity method) 537.50 480.60

(vi) vU;Others

(;wVhvkbZ vkSj mlds ;wfuV &64 esa çkjafHkd iwath)(Initial Capital in UTI and its units-64 ) 1448.30 3390.45

(fofHkUu E;qpqvy iQaM o okf.kfT;d i=k vkfn esa)(Various Mutual Funds & Commercial Paper etc.)

TOTAL OF I dk tksM+ 65005.31 55770.44

II. Hkkjr ls ckgj fuos'kII. INVESTMENTS OUTSIDE INDIA

- lgk;d laLFkkvksa esa fuos'k (bfDoVh i¼fr ij)(i) Investment in Associates (on equity method) 30.20 24.30

- vU; fuos'k(ii) Other investments 356.17 88.54

TOTAL OF II dk tksM+ 386.37 112.84

tkjh---@ Contd.

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vuqlwph 8 & fuos'k



31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

III. Hkkjr esa fuos'kINVESTMENTS IN INDIA

i) fuos'kksa dk ldy ewY;Gross value of Investments 65448.41 56764.69

ii) ?kVk;sa % ewY;ßkl ds fy, izko/kuksa dk tksM+Less : Aggregate of Provisions for Depreciation 443.10 994.25

iii) 'kq¼ fuos'kNet Investment 65005.31 55770.44

IV. Hkkjr ds ckgj fuos'kINVESTMENTS OUTSIDE INDIA

I) fuos'kksa dk ldy ewY;Gross value of Investments 386.37 112.84

ii) ?kVk;sa % ewY;ßkl ds fy, izko/kuksa dk tksM+Less : Aggregate of Provisions for Depreciation 0.00 0.00

iii) 'kq¼ fuos'kNet Investments 386.37 112.84

(I), (II) dqy tksM+@GRAND TOTAL (I), (II) 65391.68 55883.28

vuqlwph 9 & vfxze

SCHEDULE 9 - ADVANCES


31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

v- i. [kjhns vkSj Hkquk;s x;s fcyA. i. Bills Purchased and Discounted 4466.75 4370.96

ii) ekax ij izfrns; udn m/kj] vksojMªkÝ+V vkSj ½.kCash Credits, overdrafts and loans repayable on demand 69072.12 55972.35

iii) eh;knh ½.kTerm Loans 84914.55 61227.74

tksM+@Total 158453.42 121571.05

vk- i) ewrZ vkfLr;ksa }kjk çfrHkwr (blesa cgh ½.kksa ij fn;s x;s vfxze 'kkfey gSaa)B. Secured by Tangible Assets (including advances against book debts) 130060.32 99905.09

ii) cSad@ljdkj dh xkjaVh }kjk lajf{krCovered by Bank/Govt.Guarantees 7214.32 1694.36

iii) vizfrHkwrUnsecured 21178.78 19971.60

tksM+@Total 158453.42 121571.05

b (I) Hkkjr esa vfxzeC (I) Advances in India

i) izkFkfedrk izkIr {ks=kPriority Sector 50463.61 47372.42

ii) lkoZtfud {ks=kPublic Sector 11421.77 12861.40

iii) cSadBanks 1427.74 624.95

iv) vU;Others 90756.58 60383.86

tksM+@Total 154069.70 121242.63

b (II) Hkkjr ls ckgj vfxzeC (II) Advances outside India

i) cSadks ls izkI;Due from banks 2957.80 0.00

ii) vU; ls izkI;Due from others

(d)[kjhns vkSj Hkquk;s x;s fcy(a) Bills purchased & discounted 160.58 3.20

([k) eh;knh ½.k(b) Term Loans 803.07 259.44

(x) vU;(c) Others 462.27 65.78

tksM+@Total 4383.72 328.42

b (I) vkSj b (II) dk dqy tksM+@Grand Total of C (I) & C (II) 158453.42 121571.05

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146

vuqlwph 10 & vpy vkfLr;ka

SCHEDULE 10 - FIXED ASSETS


31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

I. ifjlj (Hkwfe lfgr)PREMISES (Including Land)

o"kZ dh 1 vizSy dks fo|eku ykxr ijAt cost as on 1st April of the year 2031.20 716.48

- o"kZ ds nkSjku o`f¼- Additions during the year 37.79 50.94

- ?kVk;sa % o"kZ ds nkSjku dVkSfr;ka- Less : Deductions during the year 0.00 0.02

- iqu% ewY;kadu- Revaluation 0.00 1263.80

?kVk;sa % vc rd ewY;ßklLess : Depreciation to date 218.24 190.35

1850.75 1840.85

II. vU; vpy vkfLr;ka (i+QuhZpj vkSj fi+QDlpj lfgr)Other Fixed Assets (including furniture & fixtures)



- ?kVk;sa : o"kZ ds nkSjku dVkSfr;ka- Less : Deductions during the year 48.84 30.99

- ?kVk;sa : vc rd ewY;ßkl- Less : Depreciation to date 1302.98 1180.48

512.84 450.03

III. dEI;wVj lkWÝ+Vos;jComputer Software



-?kVk;sa : vc rd ifj'kksf/r-Less : Amortised to date 106.31 88.75

48.17 37.08

IV. iV~Vsokyh vkfLr;kaLeased Assets

fiNys o"kZ dh 1 vizSy dks fo|eku ykxr ijAt cost as on 1st April of the year 25.23 29.08

- ?kVk;sa : o"kZ ds nkSjku dVkSfr;ka- Less : Deductions during the year 0.00 3.85

- ?kVk;sa : vc rd ewY;ßkl- Less : Depreciation to date 24.82 24.62

0.41 0.61


vuqlwph 11 & vU; vkfLr;kaSCHEDULE 11 - OHTER ASSETS


31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

I. mifpr C;ktInterest Accrued 1560.45 1472.98

II. vfxze vnk fd;k x;k dj@lzksr ij dkVk x;k dj (izko/ku ds ckn)Tax paid in advance/tax deducted at source (net of provisions) 1165.04 1285.37

III. ys[ku&lkexzh vkSj LVkEiStationery and Stamps 9.13 7.52

IV. nkoksa ds fuiVku esa izkIr x+Sj cSfdax vkfLr;kaNon Banking assets acquired in satisfaction of claims 15.91 9.86

V. vkLFkfxr dj vkfLr;ka ('kq¼)Deferred Tax asset (net) 293.38 235.16

VI. vU;Others 2054.80 1484.33

TOTAL OF I, II, III, IV, V, VI dk tksM+ 5098.71 4495.22

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147

vuqlwph 12 & vkdfLed ns;rk,a

SCHEDULE 12 - CONTINGENT LIABILITIES


31-03-2009 dks 31-03-2008 dksAs on 31.03.2009 As on 31.03.2008

I. (i) cSad (lewg) ds f[kykiQ nkos ftUgsa ½.k ds :i esa ugha ekuk x;k gSClaims against the Bank (Group) not acknowledged as debts 176.30 187.31

(ii) vihyksa] lanHkksZa vkfn ds v/hu fookfnr vk; dj o C;kt dj ekaxsaDisputed income tax and interest tax demands under appeal, references, etc. 1156.95 846.86

II. vkaf'kd :i ls vnk fd;s x;s fuos'kksa ds fy, ns;rk,aLiability for partly paid investments 0.01 0.19

III. cdk;k ok;nk fofue; lafonkvksa ds dkj.k ns;rk,aLiability on account of outstanding forward exchange contracts 64524.78 72285.57

IV. xzkgdksa dh vksj ls nh x;h xkjafV;kaGuarantees given on behalf of constituents

(d) Hkkjr esa(a) In India 13295.38 11172.37

([k)Hkkjr ls ckgj(b) Outside India 6689.51 3100.46

V. LohÑfr;ka] i`"Bkadu vkSj vU; nkf;RoAcceptances, Endorsements and Other obligations 24418.92 16348.29

VI. vU; ensa ftuds fy, cSad (lewg) vkdfLed :i ls ft+Eesnkj gSOther items for which the Bank (Group) is contingently liable 210.96 235.29

TOTAL OF I, II, III, IV, V, VI dk tksM+ 110472.81 104176.34

vuqlwph 13 & vftZr C;kt vkSj ykHkka'k

SCHEDULE 13 - INTEREST AND DIVIDENDS EARNED



I. vfxzeksa @ fcyksa ij C;kt @ cV~VkInterest/discount on Advances/Bills 14940.78 10640.51

II. fuos'kksa ij vk;Income on Investments 4555.75 3795.52

III. Hkkjrh; fjt+oZ cSad ds ikl tek 'ks"k vkSjvU; var% cSad fuf/;ksa ij C;ktIntt. on balances with Reserve Bank of India & 203.46 159.11

other inter-bank funds

IV. vU;Others 77.66 65.49


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148

vuqlwph 14 & vU; vk;

SCHEDULE 14 - OTHER INCOME



I. deh'ku] fofue; vkSj nykyhCommission, Exchange & Brokerage 1390.90 1117.58

II. Hkwfe] Hkou vkSj vU; vkfLr;ksa dh fcØh ls ykHkProfit on sale of land, buildings and other assets 2.25 1.47

?kVk;sa % Hkwfe] Hkou vkSj vU; vkfLr;ksa dh fcØh ls gkfuLess : Loss on sale of land, buildings and other assets 0.50 0.37

1.75 1.10

III. fofue; ysunsuksa ls ykHkProfit on Exchange Transactions 303.02 224.65

?kVk;sa % fofue; ysunsuksa ls gkfuLess : Loss on Exchange Transactions 2.88 12.44

300.14 212.21

IV. fuos'kksa dh fcØh ls ykHk ('kq+¼)Profit on sale of Investments (net) 748.11 458.23

?kVk,a % fuos'kksa dh fcØh ls gkfuLess : Loss on sale of investments 114.34 29.24

633.77 428.99

V. fofo/ vk;Miscellaneous Income 585.52 233.21

TOTAL OF I, II, III, IV, V, dk tksM+ 2912.08 1993.09

vuqlwph 15 & [k+pZ fd;k x;k C;kt

SCHEDULE 15 - INTEREST EXPENDED



I. tekjkf'k;ksa ij C;ktInterest on Deposits 11633.79 8270.19

II. Hkkjrh; fjt+oZ cSad @ var% cSad m/kjksa ij C;ktInterest on Reserve Bank of India/inter-bank borrowings 142.47 94.69

III. vU;Others 800.10 594.15

TOTAL OF I, II, III dk tksM+ 12576.36 8959.03

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149

vuqlwph 16 & ifjpkyu O;;

SCHEDULE 16 - OPERATING EXPENSES



I. deZpkfj;ksa dks Hkqxrku vkSj muds fy, izko/kkuPayment to and provisions for employees 2941.61 2473.98

II. fdjk;k] dj vkSj fctyhRent, Taxes and Lighting 230.25 196.81

III. eqnz.k vkSj ys[ku&lkexzhPrinting & Stationery 46.01 44.87

IV. foKkiu vkSj izpkjAdvertisement & Publicity 33.61 26.07

V. cSad dh laifÙk ij ewY;ßklDepreciation on bank’s property 216.79 194.30

?kVk;sa % iqueZwY;u çkjf{kr fuf/ ls lek;ksftrLess: Adjusted with Revaluation Reserve 21.95 21.95

194.84 172.35

VI. funs'kdksa dh i+Qhl] HkÙks vkSj [k+pZDirectors’ Fees, allowances and expenses 1.40 1.00

VII. ys[kk&ijh{kdksa dh i+Qhl vkSj [k+pZ(vuq"kafx;ksa ds lkafof/d ys[kkijh{kdksa rFkk'kk[kk ds ys[kkijh{kdksa dh i+Qhl vkSj [k+pZ lfgr)Auditors’ fees and expenses (including statutory auditors of 31.16 36.31

subsidiaries, branch auditors’ fees & expenses)

VIII. fof/ izHkkj Law charges 17.05 13.57

IX. Mkd] rkj] Vsyhi+Qksu vkfnPostage,Telegrams,Telephones, etc. 77.91 56.82

X. ejEer vkSj j[k&j[kkoRepairs & Maintenance 67.80 56.18

XI. chekInsurance 169.84 141.00

XII. vU; O;; Other expenditure 436.29 337.71

TOTAL OF I - XII dk tksM+ 4247.77 3556.67

vuqlwph 17 & lgk;d laLFkkvksa esa vtZu @ gkfu dk va'k

SCHEDULE 17 - SHARE OF EARNINGS/LOSS IN ASSOCIATES



(d) Hkkjr esa lgk;d laLFkkvksa esa vtZuksa dk va'k(a) Share of Earnings in Associates in India 62.42 76.64

([k) Hkkjr ds ckgj lgk;d laLFkkvksa esa vtZuksa dk va'k(b) Share of Earnings in Associates outside India 6.12 6.95

(d ,oa [k) dk tksM+@TOTAL (a & b) 68.54 83.59

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150

SCHEDULE 18

SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON

ACCOUNTS

1. BASIS OF PREPARATION:

The financial statements have been prepared on the historical cost

basis and conform, in all material aspects to Generally Accepted

Accounting Principles (GAAP) in India which encompasses applicable

statutory provisions, regulatory norms prescribed by Reserve Bank

of India (RBI), Accounting Standards and pronouncements issued

by the Institute of Chartered Accountants of India (ICAI) and

prevailing practices in Banking industry in India. In respect of Foreign

offices, statutory provisions and practices prevailing in respective

countries are complied with.

2. CONSOLIDATION PROCEDURES:

2.1. Consolidated financial statements of the Group (comprising

of 4 Subsidiaries and 15 Associates) have been prepared

on the basis of:

a) Audited financial statements of Punjab National Bank

(Parent/the Bank),

b) Line by line aggregation of like items of assets, liabilities,

income and expenses of subsidiaries with the respective

item of the Parent and after eliminating material intra-

group balances/transactions, unrealized profit/losses

and making necessary adjustments wherever required

to conform to uniform accounting policies, based on

data received from these subsidiaries duly audited by

their respective auditors. The financial statements of

the subsidiaries have been drawn up to the same

reporting date as that of parent i.e. 31st

March 2009.

c) Foreign currency translation of overseas subsidiary has

been done as under:

(i) Income and Expenditure – at daily average rates

prevailing during the year

(ii) Assets and Liabilities - at the year end rates

The resultant foreign currency translation difference,

whether debit/credit, has been included under Reserves

and Surplus.

d) Investments in associates, where the group holds 20%

or more of the voting power have been accounted for

using the equity method in terms of Accounting

Standard - 23. In the absence of full information

regarding impact of differences in accounting policies

followed by the parent and associates, no adjustments

wherever required have been carried out. In like

manner, unrealized profits and losses resulting from

transactions between the parent and the associates to

the extent of the parent’s interest in the associates have

not been eliminated. Financial statements received from

these associates form the sole basis for their

incorporation in these consolidated financial statements.

2.2. The difference between cost to the Group of its investment

in the subsidiaries and the group’s portion of the equity of

the subsidiaries is recognized as Goodwill/Capital reserve.

2.3. Minority interest in the net assets of consolidated subsidiaries

consist of:-

a) The amount of equity attributable to the minority at the

date on which investments in a subsidiary is made, and

vuqlwph&18

çeq[k ys[kk fof/ laca/h uhfr;ka vkSj ys[kksa ij fVIif.k;k¡

1- ys[ks rS;kj djus dk vk/kj

foÙkh; fooj.k i=k] ijEijkxr ykxr ds vk/kj ij rFkk leLr lkjoku

igyqvksa] tks Hkkjr esa lkekU;r% LohÑr ys[kkadu fl¼karksa (th,,ih)

ftlesa ykxw lkafof/d çko/ku] Hkkjrh; fjt+oZ cSad }kjk fu/kZfjr

fofu;ked ekunaM] Hkkjrh; lunh ys[kkdkj laLFkku }kjk tkjh ys[kkadu

ekunaM rFkk Kkiu o Hkkjr esa cSafdax m|ksx esa ekStwnk çFkk,a lfEefyr

gSa] ds vuq:i rS;kj fd, x, gSa A fons'kh dk;kZy;ksa ds laca/ esa lac¼

ns'kksa esa çpfyr lkafof/d çko/kuksa vkSj çFkkvksa dk ikyu fd;k x;k gSA

2- lesdu i¼fr

2-1- lewg (4 vuq"kafx;ka vkSj 15 lg;kksxh laLFkk,a lfEefyr gSa) dslesfdr foÙkh; fooj.k&i=k fuEu ds vk/kj ij rS;kj fd, x, gSa %&

d) iatkc uS'kuy cSad (çeq[k cSad) ds ys[kkijhf{kr foÙkh;fooj.k&i=k]

[k) çeq[k cSad ds lEcfU/r enksa ds lkFk vuq"kafx;ksa dh enksa dksvFkkZr~ vkfLr;ksa] ns;rkvksa] vk; rFkk O;;ksa dks ijLij js[kkokj,df=kr djrs gq, rFkk var% lewg ysunsuksa] muds lEcfU/rys[kk ijh{kdksa }kjk fofèkor ys[kkijhf{kr çkIr vk¡dMksa dsvk/kj ij olwy u gq, ykHk@gkfu dks gVkus ds i'pkr~ rFkktgka dgha t+:jh Fkk ogka leku ys[kkadu uhfr;ksa ds vuq:ivko';d lek;kstu djus ds i'pkr~ rS;kj fd, x, gSaAvuq"kaxh dEifu;ksa ds foÙkh; fooj.k&i=k çeq[k cSad dh fjiksfV±xfrfFk vFkkZr~+ 31 ekpZ] 2009 dks gh rS;kj fd, x,A

x) fons'kh vuq"kaxh ds fons'kh eqæk varj.k fuEuor~ fd;s x, gSa%

(i) vk; o O;;&o"kZ ds nkSjku miyC/ vkSlr njksa ij

(ii) vkfLr;k¡ o ns;rk,a&o"kZ ds var dh njksa ij

fons'kh eqæk varj.k ds ifj.kkeLo:i vk; varj dks pkgs og MsfcV gks ;kØsfMV] çkjf{kfr;ksa vkSj vfèk'ks"k ds v/hu lfEefyr fd;k x;k gSA

?k) tgka oksfVax ikoj esa lewg dk va'k 20» vkSj blls vf/d gS]ogka lgk;d laLFkkvksa esa fuos'kksa dk ys[kkadu ys[kkekud&23 dh'krkZuqlkj bfDoVh i¼fr }kjk fd;k x;k gSA çeq[k cSad vkSjlg;ksxh laLFkkvksa }kjk viuk;h xbZ ys[kkadu fHkUurkvksa ds çHkkols lEcfU/r iw.kZ tkudkjh dh vuqifLFkfr esa tgka dgha vko';dFkk] dksbZ lekèkku ugha fd;k x;k gSA blh çdkj çeq[k cSad@mldhlesfdr vuq"kafx;ksa vkSj mldh lg;ksxh laLFkkvksa ds chp gq,ysunsuksa ds ifj.kkeLo:i olwy u gq, ykHk@gkfu rFkk lg;ksxhlaLFkkvksa esa cSad dh fgr&lhek rd ugha gVk, x, gSaA bulg;ksxh laLFkkvksa ls çkIr foÙkh; fooj.k i=k bu lesfdrfooj.k i=kksa esa muds lfEefyr gksus ds fy, ,dy vkèkkj cukrsgSaA ;s vuqeku okLrfod ls fHkUu gks ldrs gSaA

2-2- vuq"kaxh dEifu;ksa esa blds fuos'k ds lewg dh ykxr rFkk vuq"kafx;ksaesa bfDoVh ds lewg ds Hkkx ds chp ds varj dks foÙkh; fooj.k&i=kesa lk[k@iwath çkjf{kr fuf/ ekuk x;k gS A

2-3- lesfdr vuq"kaxh dh 'kq¼ vkfLr;ksa esa vYika'k fgr esa fuEufyf[kr'kkfey gSa %&

d- vuq"kaxh esa ftl frfFk dks fuos'k fd;k x;k gS ml frfFk dksvYika'k fgr gsrq bfDoVh dh jkf'k] rFkk

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151

b) The minority share of movements in equity since date

of parent-subsidiary relationship came into existence.

A. SIGNIFICANT ACCOUNTING POLICIES FOLLOWED BY

THE PARENT

3. METHOD OF ACCOUNTING:

The accounts have been prepared on the going concern basis

with accrual concept and in accordance with the accounting

policies and practices consistently followed unless otherwise stated.

4. FIXED ASSETS:

4.1. Fixed assets are stated at historical cost except those

premises, which have been revalued. The

appreciation on revaluation is credited to revaluation

reserve and incremental depreciation attributable

to the revalued amount is deducted there-from.

4.2. Depreciation on Assets:

a) Depreciation on assets (including land where

value is not separable) is provided on straight-

line method based on estimated life of the asset.

b) Depreciation on assets has been provided at the

rates furnished below:

(In %)

Type of Asset Rate of Depreciation

*Land acquired on perpetual lease Nil

where no lease period is mentioned

*Land acquired on lease where lease Over lease

period is mentioned period

*Buildings

• Constructed on free hold land 2.50%

and on leased land, where lease

period is above 40 years

• Constructed on leased land Over lease

where lease period is below period

40 years

*Furniture and fixtures - Steel articles 5.00%

*Furniture and fixtures - wooden articles 10.00%

*Mattresses 20.00%

*Mobile Phone Instruments 33.33%

*Machinery, electrical and miscellaneous articles 15.00%

*Motor cars and cycles 15.00%

*Computers, ATMs and related items 33.33%

*Computer Application Software-

Intangible Assets

• Up to Rs. 5,000 Charged to Revenue

• Others 20.00%

c) Assets taken over from erstwhile New Bank of India

and Nedungadi Bank Ltd are depreciated based on their

estimated life based on broad groups / categories

instead of individual assets.

[k- çeq[k rFkk vuq"kaxh ds eè; laca/ cuus dh rkjh[k ls bfDoVh'ks;jksa dh ?kV&c<+ esa vYika'k dk va'kA

(d) ewy cSad }kjk viukbZ xbZ çeq[k ys[kkadu uhfr;ka

3- ys[kkadu i¼fr

ys[ks mifpr /kj.kk ds lkFk fujUrj dkjksckj ds vk/kj ij rFkkvU;Fkk mfYyf[kr dks NksM+dj] ys[kkadu uhfr;ksa rFkk lqlaxr vuqikfyrçFkkvksa ds vuqlkj rS;kj fd, x, gSa A

4- vpy vkfLr;ka %

4-1- ftu ifjljksa dk iqueZwY;u gks pqdk gS] mUgsa NksM+dj vpyvkfLr;ksa dks mudh ijEijkxr ykxr ij fn[kk;k tkrk gSAiquewZY;u ij gqbZ o`f¼ dks iquewZY;u çkjf{kr fuf/ esa tekfd;k tkrk gS vkSj iquewZY;u jkf'k esa vkjksI; c<+rk gqvkewY;ßkl mlesa ls de dj fn;k tkrk gSA

4-2- vkfLr;ksa ij ewY;ßkl %

(d) vkfLr;ksa (Hkwfe lfgr tgka dher vyx u dh tkldrh gks) ij ewY;ßkl ds fy, çko/ku vkfLr dhçR;kf'kr vk;q ds vk/kj ij lh/h js[kk i¼fr dsvuqlkj fd;k tkrk gSA

([k) ,slh vkfLr;ksa ij ewY;ßkl fuEufyf[kr njksa esa çnkufd;k x;k gS%

(» esa)

vkfLr dk çdkj ewY;ßkl nj

*csfe;knh iV~Vs ij yh xbZ Hkwfe tgk¡ iV~Vsdh vof/ dk mYys[k ugha gSA 'kwU;

*iV~Vs ds vk/kj ij yh xbZ Hkwfe tgk¡ iV~Vs iV~Vs dh vof/ ijdh vof/ dk mYys[k gS A

*Hkou

• Ú+hgksYM vkSj yht+ Hkwfe ij fufeZr] 2-5»tgka yht+ dh vof/ 40 o"kZls vf/d gS

• yhT+M Hkwfe ij fufeZr tgk¡ yht+ iV~Vs dh vof/ ijdh vof/ 40 o"kZ ls de gS

*i+QuhZpj vkSj fi+QDlplZ & LVhy oLrq,a 5»

*i+QuhZpj vkSj fi+QDlplZZ & ydM+h dh oLrq,a 10»

*xn~ns 20»

*eksckby iQksu midj.k 33-33»

*e'khujh] fctyh vkSj fofo/ oLrq,a 15»

*eksVj] dkj ,oa lkbZdy 15»

*dEI;wVj] ,Vh,e vkSj lacaf/r oLrq,a 33-33»

*dEI;wVj vuqç;ksx lkWÝVos;j&vewrZ vkfLr;ka

• #i;s 5000@& rd jktLo esa çHkkfjr• vU; 20-00»

(x) iwoZorhZ U;w cSad vkWiQ bafM;k rFkk usnqaxM+h cSad fy- ls vftZr vkfLr;ksads ekeys esa çR;kf'kr vk;q vyx vyx vkfLr ds laca/ esa vk¡dusds LFkku ij eksVs rkSj ij lewgksa@çoxks± ds fy, vk¡dh x;h gSA

PNB 136-176.pmd 6/24/2009, 6:09 PM151

152

d) Depreciation on additions to assets is provided from

the month in which the asset is put to use and in

case of assets sold/disposed of during the year, up

to the month preceding the month in which it is

sold/disposed of.

5. ADVANCES:

5.1. Advances are classified as performing and non-performing

assets and provisions are made in accordance with prudential

norms prescribed by RBI.

5.2. Advances are stated net of provisions and de-recognized /

suspended interest in respect of non-performing assets.

5.3. Offices outside India / Offshore Banking Units:

a) Advances are classified under categories in line with

those of Indian Offices.

b) Provisions in respect of advances are made as per the

local law requirements or as per the norms of RBI,

whichever is higher.

5.4. Financial Assets sold are recognized as under:

a) In case the sale is at a price lower than the Net Book

Value (NBV) , the difference is charged to the Profit

and Loss Account.

b) In case the sale is at a price higher than the NBV , the

surplus provision is not reversed, but held:

• In case of sale to ARCIL, till the redemption ofthe

security receipt, and

• In case of sale to other banks, to meet shortfall

on sale of such non-performing financial assets.

5.5. For restructured/rescheduled advances, provisions are made

in accordance with guidelines issued by RBI.

6. INVESTMENTS

6.1. Investments are classified into six categories as stipulated in form

A of the third schedule to the Banking Regulation Act, 1949.

6.2. Investments have been categorized into “Held to Maturity”,

“Available for Sale” and “Held for Trading” in terms of RBI

guidelines. Securities acquired by the Bank with an intention

to hold till maturity is classified under “Held to Maturity”.

6.3. The securities acquired by the Bank with an intention to trade

by taking advantage of short-term price/ interest rate

movements are classified under “Held for Trading”.

6.4. The securities, which do not fall within the above two

categories, are classified under “Available for Sale”.

6.5. Transfer of securities from one category to another is carried

out at the lower of acquisition cost/book value/market value

on the date of transfer. The depreciation, if any, on such

transfer is fully provided for.

6.6. In determining acquisition cost of an investment

a) Brokerage/commission received on subscription is

deducted from the cost of securities.

b) Brokerage, commission etc. paid in connection with

acquisition of securities are treated as revenue expenses.

c) Interest accrued up to the date of acquisition of

securities i.e. broken – period interest is excluded from

the acquisition cost and recognized as interest expense.

(Ä) vkfLr;ksa esa gq, ifjo/Zuksa ds ekeys esa ewY;ßkl dk çko/ku bldsç;ksx esa vkus ds ekl ls vkSj o"kZ ds nkSjku csph@fuiVk nh xbZvkfLr;ksa ds ekeys esa çko/ku mlds iwoZ ekl rd fd;k x;k gS ftlekg esa vkfLr csph@fuiVkbZ xbZ gSA

5- vfxze

5-1- vtZd vkSj vutZd vkfLr;ksa ds :i esa vfxzeksa dk oxhZdj.k vkSjmuds fy, çko/ku Hkkjrh; fjt+oZ cSad }kjk fu/kZfjr foosdh ekunaMksads vuqlkj fd;k tkrk gSA

5-2- vfxzeksa dh ml jkf'k dks n'kkZ;k tkrk gS tks vutZd vkfLr;ksa ds fy,çko/ku rFkk muds laca/ esa C;kt dks vekU; djus@fuyfEcr C;kt?kVkus ds i'pkr~ 'ks"k cprh gSA

5-3 Hkkjr ds ckgj dk;kZy;@virVh; cSafdax bdkb;ka%

d) vfxzeksa dk oxhZdj.k mu laoxks± esa fd;k x;k gS tks Hkkjrh;dk;kZy;ksa ds fy, gS

[k) vfxzeksa ds lEcU/ esa çko/ku LFkkuh; dkuwuh vis{kkvksa dsvuqlkj vFkok Hkkjrh; fjt+oZ cSad ds ekun.Mksa ds vuqlkj]tks Hkh vf/d gS] fd;k x;k gSaA

5-4- csph x;h foÙkh; vkfLr;k¡ fuEuor~ ekU; gksaxh %&

d) ;fn 'kq¼ cghewY; ls de ewY; ij fcØh gksrh gS] rks mlvUrj dks ykHk o gkfu [kkrs esa çHkkfjr fd;k tkrk gSA

[k) ;fn fcØh 'kq¼ cghewY; ls vf/d ewY; ij gksrh gS rks vfèk'ks"kçko/ku iyVk ugha tkrk cfYd fuEuor~ j[kk tkrk gS%

• ,vkjlhvkbZ,y dks fcØh ds ekeys esa çfrHkwfr jlhn dsekspu rd] vkSj

• nwljs cSadksa dks fcØh ds ekeys esa ,slh vutZd foÙkh;vkfLr dh fcØh ij gqbZ deh dks iwjk djus ds fy, A

5-5- vfxzeksa ds iquxZBu@iqu%lwphc¼u ds ekeys esa Hkkjrh; fjt+oZ cSad dsekxZ&funZs'kksa ds vuqlkj çko/ku fd, tkrs gSaA

6- fuos'k

6-1- fuos'kksa dks cSafdax fofu;eu vf/fu;e] 1949 dh rhljh vuqlwph dsiQkeZ , esa ;FkkfufnZZ"V Ng Jsf.k;ksa esa oxhZÑr fd;k x;k gSA

6-2- Hkk-fj- cSad ds ekxZfunZs'kksa ds vuq:i fuos'kksa dks ¶ifjiDork rd j[ksx,¸] ¶fcØh gsrq miyC/¸ rFkk ¶O;kikj gsrq j[ks x,¸ Jsf.k;ksa esaoxhZÑr fd;k x;k gSA cSad }kjk ifjiDork rd j[ks tkus dh ea'kk lsvftZr çfrHkwfr;ksa] dks ¶ifjiDork rd j[kh xbZ Js.kh esa j[kk x;k gSA

6-3- cSad }kjk vYikof/ ds ewY;@C;kt nj ço`fÙk;ksa dk ykHk mBkrs gq,O;kikj gsrq j[ks tkus dh ea'kk ls vftZr çfrHkwfr;ksa dks ¶O;kikj gsrqj[ks x,¸ fuos'kksa esa oxhZÑr fd;k x;k gSA

6-4- tks çfrHkwfr;ka mi;qZDr nksuksa Jsf.k;ksa esa ugha vkrha mUgsa ¶fcØh gsrqmiyC/¸ Js.kh ds v/hu oxhZÑr fd;k x;k gS A

6-5- ,d Js.kh ls nwljh Js.kh esa çfrHkwfr;ksa dk varj.k] varj.k dh frfFk dksvf/xzg.k ykxr@cghewY;@ckt+kj ewY;] tks Hkh de gks] ij fd;k x;k gSA;fn dksbZ ewY;ßkl gks rks mls varj.k ij iw.kZ O;ofLFkr fd;k tkrk gSA

6-6- fdlh fuos'k dh vf/xzg.k ykxr dks fu/kZfjr djus esa

d- lClfØI'ku ij çkIr nykyh@deh'ku çfrHkwfr;ksa dh ykxrls dkVh x;h gSA

[k- çfrHkwfr;ksa ds vf/xzg.k ds lEcU/ esa lanÙk nykyh] deh'kuvkfn jktLo O;;ksa ds :i esa le>h tkrh gSA

x- çfrHkwfr;ksa ds vf/xzg.k dh frfFk;ksa rd mifpr C;kt vFkkZr~[kafMr vof/ C;kt vf/xzg.k ykxr ls vyx dj fn;k x;k gS

PNB 136-176.pmd 6/24/2009, 6:09 PM152

153

Broken – period interest received on sale of

securities is recognized as interest income.

6.7. Investments are valued as per RBI/ FIMMDA guidelines,

on the following basis:

a) Held to Maturity

• Investments under “Held to Maturity ”

category are carried at acquisition cost.

Wherever the book value is higher than the

face value/redemption value, the premium is

amortized over the remaining period to

maturity.

• Investment in venture capital is valued at

carrying cost.

b) Available for Sale and Held for Trading

Type of investment Basis of valuation

* Govt. Securities At market prices/YTM as

• Central Govt. Securities published by Fixed Income

Money Market And Derivatives

Association of India (FIMMDA)

• State Govt. Securities On appropriate yield to maturity

basis as per FIMMDA/RBI

guidelines.

* Securities guaranteed by On appropriate yield to

Central/State Government, maturity basis as per FIMMDA/

PSU Bonds (not in the RBI guidelines.

nature of advances)

* Treasury Bills At carrying cost.

* Equity shares At market price, if quoted,

otherwise at break up value of

the Shares as per latest Balance

Sheet (not more than one year

old), otherwise at Re.1/- per

company.

* Preference shares At market price, if quoted or on

appropriate yield to maturity

basis not exceeding redemption

value as per RBI/FIMMDA

guidelines.

* Bonds and debentures At market price, if quoted, or on

(not in the nature of appropriate yield to maturity

advances) basis as per RBI/FIMMDA

guidelines.

* Units of mutual funds As per stock exchange quotation,

if quoted; at repurchase price/

NAV, if unquoted.

* Commercial paper At carrying cost .

* Certificate of Deposits At carrying cost.

* Security receipts of ARCIL At net asset value of the asset as

declared by ARCIL.

* Venture Capital Funds At net asset value (NAV) declared

by the VCF.

* Other Investments At carrying cost less diminution

in value (if any).

vkSj mls C;kt&O;; ds :i esa ekuk x;k gSA çfrHkwfr;ksa dhfcØh ij çkIr [kafMr vof/ C;kt dks C;kt vk; ekuk x;k gSA

6-7- Hkk-fj- cSasd@ ,iQvkbZ,e,eMh, ds fn'kkfunZs'kkuqlkj] fuos'k dk ewY;ufuEufyf[kr vk/kj ij fd;k tkrk gS %

d) ifjiDork rd j[ks x, %

• ¶ifjiDork rd j[ks x,¸ oxZ esa ewY;u vf/xzg.k

ykxr ij fd;k tkrk gSA tgk¡ cghewY; vafdr@ifjiDorkewY; ls vf/d gS rks ogk¡ çhfe;e ifjiDork dh 'ks"k

vof/ esa ifj'kksf/r fd;k tkrk gSA

• m|e iwath esa fuos'kksa dk ewY;kadu j[kko ykxr ij

fd;k tkrk gSA

[k) fcØh gsrq miyC/ rFkk O;kikj gsrq j[ks x, %

fuos'k dk çdkj ewY;kadu dk vk/kj

* ljdkjh çfrHkwfr;k¡

• dsaæh; ljdkj dh çfrHkwfr;kaa ckt+kj ewY; fiQDlM bUde euh ekfdZV,.M MsfjosfVOl ,lksfl,'ku vkWiQ bafM;k(,iQvkbZ,e,eMh,) }kjk çdkf'krifjiDork ij izkI; jkf'k

• jkT; ljdkj dh çfrHkwfr;ka ,iQvkbZ,e,eMh,@Hkk-fj- cSad ekxZfunZs'kksa ds vuqlkj mi;qDr ifjiDorkçkfIr vk/kj ij

* dsaæh;@jkT; ljdkj }kjk xkjaVh'kqnk ,iQvkbZ,e,eMh,@Hkk-fj- cSad ekxZ çfrHkwfr;ka] lkoZtfud {ks=k ds funZs'kksa ds vuqlkj mi;qDr ifjiDork miØeksa ds ck.M (vfxzeksa dh çkfIr vk/kj ij çÑfr ds ugha)

* Vªstjh fcy j[kko ykxr ij

*bfDoVh 'ks;j ckt+kj ewY; ij] ;fn dksV fd;k x;k gks]vU;Fkk uohure rqyui=k (tks ,d o"kZ lsiqjkuk u gks) ds vuqlkj 'ks;jksa ds czsdviewY; ij] vU;Fkk çfr daiuh #- 1@&

* vf/eku 'ks;j ckt+kj ewY; ij] ;fn dksV fd;k x;k gks]vFkok ,iQvkbZ,e,eMh, ekxZ funZs'kksads vuqlkj mi;qDr ifjiDork çkfIrvkèkkj ij fdarq 'kks/u ewY; ls vuf/d

* ca/i=k vkSj fMcsapj (vfxzeksa cktkj ewY; ij] ;fn dksV fd;k x;k gks] dh çÑfr ds ughaA) vFkok ,iQvkbZ,e,eMh, ekxZ funZs'kksa

ds vuqlkj mi;qDr ifjiDork çkfIrvk/kj ij

* E;wpqvy iQ.Mksa ds ;wfuV LVkWd ,Dlpsat ds Hkko ds vuqlkj;fn dksV fd;k x;k gks@;fn dksV ugksa rks iqu[kZjhn ewY; ij@,u,oh ij

* okf.kfT;d isij j[kko ykxr ij

* tek çek.k i=k j[kko ykxr ij

* ,vkjlhvkbZ,y dh çfrHkwfr jlhnsa ,vkjlhvkbZ,y }kjk dh xbZ ?kks"k.kk dsvuqlkj vkfLr ds 'kq¼ vkfLr ewY; ij

* m|e iw¡th fuf/ m|e iw¡th fuf/ }kjk dh xbZ ?kks"k.kk dsvuqlkj 'kq¼ vkfLr ewY; ij (,u,oh)

* vU; fuos'k j[kko ykxr esa ls ßkl ?kVkdj

PNB 136-176.pmd 6/24/2009, 6:09 PM153

154

The above valuation in category of Available for Sale and Held for

Trading are done scrip wise and depreciation/appreciation is

aggregated for each classification. Net depreciation for each

classification if any is provided for while net appreciation is ignored.

6.8. Investments are subject to appropriate provisioning/de-

recognition of income, in line with the prudential norms of

Reserve Bank of India for NPI classification. The depreciation/

provision in respect of non-performing securities is not set

off against the appreciation in respect of the other performing

securities.

6.9. Profit or loss on sale of investments in any category is taken

to Profit and Loss account but, in case of profit on sale of

investments in “Held to Maturity” category, an equivalent

amount is appropriated to “Capital Reserve Account”.

6.10. Securities repurchased/resold under buy back arrangement

are accounted for at original cost.

6.11. The derivatives transactions are undertaken for trading or

hedging purposes. Trading transactions are marked to market.

As per RBI guidelines, different category of swaps are valued

as under:

a) Hedge Swaps

Interest rate swaps which hedges interest bearing asset

or liability is accounted for on accrual basis except the

swap designated with an asset or liability that is carried

at market value or lower of cost in the financial

statement.

Gain or losses on the termination of swaps are

recognized over the shorter of the remaining

contractual life of the swap or the remaining life of the

asset/liabilities.

b) Trading Swaps

Trading swap transactions are marked to market with

changes recorded in the financial statements.

6.12. Foreign currency options:

Foreign currency options written by the bank with a back-

to-back contract with another bank is not marked to market

since there is no market risk.

Premium received is held as a liability and transferred to the

Profit and Loss Account on maturity/cancellation.

7. TRANSLATION OF FOREIGN CURRENCY

TRANSACTIONS & BALANCES:

7.1. Except advances of erstwhile London branches which are

accounted for at the exchange rate prevailing on the date of

parking in India, all other monetary assets and liabilities,

guarantees, acceptances, endorsements and other obligations

are translated in Indian Rupee equivalent at the exchange

rates prevailing at the end of the year as per Foreign Exchange

Dealers’ Association of India (FEDAI) guidelines.

7.2. Non-monetary items other than fixed assets are translated

at exchange rate prevailing on the date of transaction.

7.3. Forward exchange contracts are translated at the year end

rates notified by FEDAI and the resultant Gain/loss on

evaluation is taken to profit & Loss Account.

7.4. Income and expenditure items are accounted for at the

exchange rate prevailing on the date of transaction.

fcØh gsrq miyC/ rFkk O;kikj gsrq j[ks x, oxZ esa mi;qZDr ewY;kadu fLØi okjfd;k tkrk gS rFkk çR;sd Js.kh esa ewY;ßkl @ ewY; of¼ oxZokj dh tkrh gSA;|fi 'kq¼ ewY;ßkl O;ofLFkr fd;k tkrk gS rFkkfi 'kq¼ of¼ n'kkZ;h ugha tkrhA

6-8- Hkk-fj- cSad ds ,u-ih-vkbZ- oxhZdj.k ds foosdh ekunaMksa ds vuq:ifuos'kksa ij mi;qDr çko/kuhdj.k vk; vekU;hdj.k ykxw fd;s tkrsgSaA vfxzeksa ds :i esa vutZd çfrHkwfr;ksa ds lac¼ esa ewY;ßkl@çkoèkku vU; vtZd çfrHkwfr;ksa ds laca/ esa o`f¼ ds le{k leaftrugha fd;k x;k gSA

6-9 fdlh Hkh Js.kh ds fuos'kksa ds fcØh ls gq, ykHk vFkok gkfu dks ykHko gkfu [kkrs esa ys tk;k tkrk gS fdarq ¶ifjiDork gsrq j[ks x;s¸ Js.khds fuos'kksa dh fcØh ls gq, ykHk ds ekeys esa lerqY; jkf'k iwathçkjf{kr fufèk [kkrs esa fofu;ksftr dh tkrh gSA

6-10 okil [kjhn O;oLFkk ds vUrxZr iqu[kZjhnh x;h@iqu% csph x;hçfrHkwfr;ksa dks mudh ewy ykxr ij fy;k tkrk gSA

6-11 ysunsu vFkok cpko O;oLFkk ds ç;kstu ls MsfjosfVOt ysunsu fd,x, gSaA O;kikfjd ysunsu ckt+kj ewY; ij gSaA Hkkjrh; fjt+oZ cSad dsfn'kkfunZs'kkuqlkj vnykcnyh dh fofHkUu Jsf.k;ksa dk fuEuor~ ewY;ufd;k x;k gS%

d) cpko O;oLFkk vnyk cnyh

C;kt nj vnyk&cnyh tks C;kt okgd vkfLr vFkok ns;rkdh cpko O;oLFkk djrk gS] mip; vk/kj ij ys[kkafdr fd;ktkrk gS] fdlh vkfLr vFkok ns;rk ds lkFk vfHkfgr vnyk&cnyhdks NksM+dj] tks foÙkh; fooj.kh esa ckt+kj ewY; vFkok dedher vFkok ckt+kj ewY; ij yh tkrh gSA

vnyk&cnyh dh lekfIr ij ykHk vFkok gkfu;ks a dksvnyk&cnyh ds U;wurj cdk;k lafonkxr thou vFkokvkfLr@ns;rk dh 'ks"k vofèk ij ekU;rk nh tkrh gSA

[k) O;kikfjd vnykcnyh

O;kikfjd vnyk&cnyh ysu&nsu dks fjdkWMZ fd, x, ifjorZuksa lfgrfoÙkh; foojf.k;ksa esaa ckt+kj ewY; dh rqyuk esa fpfÉr fd;k tkrk gSA

6-12 fons'kh eqæk fodYi

vU; cSad ds lkFk cSd Vw cSd daVªsDV ds lkFk cSad }kjk fyf[krfons'kh eqæk fodYi ckt+kj ewY; ij ugha gS] D;ksafd blesa ckt+kjtksf[ke ugha gSA

çkIr çhfe;e dks ns;rk ds :i esa j[kk x;k gS vkSj [email protected] ij ykHk o gkfu [kkrs esa vUrfjr fd;k x;k gSA

7 fons'kh eqæk ls lacf/r ysu nsuksa dk ifjorZu vkSj 'ks"k

7-1 iwoZorhZ yanu fLFkr 'kk[kkvksa ds vfxzeksa dks NksM+dj] ftudk Hkkjr esavarj.k dh frfFk dks ykxw fofue; njksa ds vk/kj ij ifjorZu fd;kx;k gS] Hkkjrh; fons'kh eqæk O;kikjh la?k (iQsMkbZ) ds ekxZfunZs'kksa dsvuqlkj o"kZ dh lekfIr ij fofue; njksa ds vk/kj ij ekSfædvkfLr;ksa esa rFkk ns;rkvksa] xkjafV;ksa] LohÑfr;ksa] i`"Bkaduksa o vU;nkf;Roksa dks lerqY; Hkkjrh; #i;s esa ifjofrZr fd;k x;k gSA

7-2 vpy vkfLr;ksa ls brj xS+j&ekSfæd enksa dk ifjorZu ysunsu dh frfFkdks çHkkoh fofue; njksa ij fd;k tkrk gS

7-3 ok;nk fofue; lafonkvksa dks Hkkjrh; fons'kh eqæk O;kikfjd la?k }kjko"kZ ds var esa vf/lwfpr fofue; nj ij ifjofrZr fd;k tkrk gS vkSjiQyLo:i ewY;kadu ij gq, ykHk@gkfu dks ykHk o gkfu [kkrs esafn[kk;k tkrk gSA

7-4 vk; rFkk O;; dh ensa ysu nsu dh rkjh[k dks çpfyr fons'khfofue; nj ij ifjofrZr dh tkrh gSaA

PNB 136-176.pmd 6/24/2009, 6:09 PM154

155

7.5. Offices outside India / Offshore Banking Units:

a) Operations of foreign branch and off shore banking

unit are classified as “Non-integral foreign operations”

and operations of representative offices abroad are

classified as “integral foreign operations”.

b) Foreign currency transactions of integral foreign

operations and non-integral foreign operations are

accounted for as prescribed by AS-11.

c) Exchange Fluctuation on Profit/Loss of non-integral

operations are credited/debited to exchange fluctuation

reserve.

8. TAXES ON INCOME:

Current tax is determined on the amount of tax payable in

respect of taxable income for the year and accordingly

provision for tax is made.

The deferred tax charge or credit is recognized using the tax

rates that have been enacted or substantially enacted by the

Balance Sheet date. In terms of Accounting Standard 22 issued

by ICAI, provision for deferred tax liability is made on the

basis of review at each Balance Sheet date and deferred tax

assets are recognized only if there is virtual certainty of

realization of such assets in future. Deferred tax assets/

liabilities are reviewed at each Balance Sheet date based on

developments during the year.

9. EMPLOYEE BENEFITS:

9.1. PROVIDENT FUND:

Provident fund is a defined contribution scheme as the Bank

pays fixed contribution at pre-determined rates. The

obligation of the Bank is limited to such fixed contribution.

The contributions are charged to Profit & Loss A/c.

9.2. GRATUITY:

Gratuity liability is a defined benefit obligation and is provided

for on the basis of an actuarial valuation made at the end of

the financial year. The scheme is funded by the bank and is

managed by a separate trust.

9.3. PENSION:

Pension liability is a defined benefit obligation and is provided

for on the basis of an actuarial valuation made at the end of

the financial year. The scheme is funded by the bank and is

managed by a separate trust.

9.4. COMPENSATED ABSENCES:

Accumulating compensated absences such as Privilege Leave

(PL) and Sick Leave (including un-availed casual leave) is

provided for based on actuarial valuation.

9.5. OTHER EMPLOYEE BENEFITS:

Other Employee benefits such as Leave Fare Concession

(LFC), Silver jubilee award, Medical Benefits etc. are provided

for based on actuarial valuation.

9.6. In respect of overseas branches and offices, the benefits in

respect of employees other than those on deputation are

accounted for as per laws prevailing in the respective

countries.

7-5 fons'kh 'kk[kk,a@virVh; cSafdax bdkb;ka %

d) fons'kh 'kk[kk vkSj virVh; cSafdax ;wfuV ds ifjpkyuksa dks ¶xS+jlekdfyr fons'kh ifjpkyuksa¸ esa oxhZÑr fd;k x;k gS vkSj fons'k esaçfrfuf/ dk;kZy;ksa ds ifjpkyuksa dks lekdfyr fons'kh ifjpkyuksa ds:i esa oxhZÑr fd;k x;k gSA

[k) lekdfyr fons'kh ifjpkyuksa ds fons'kh eqæk ysu nsuksa vkSj x+Sjlekdfyr fons'kh ifjpkyuksa dks ys[kkadu ekud&11 }kjk fd;s x;sfu/kZj.k ds vuqlkj fd;k x;k gSA

x) x+Sj lekdfyr ifjpkyuksa ds ykHk gkfu dks fofue; ?kV&c<+ çkjf{krfuf/ esa tek@ukes fd;k x;k gSA

8- vk; ij dj

o"kZ ds fy, dj ;ksX; vk; ds lEcU/ esa lans; dj dh jkf'k ij pkywdj dk fu/kZj.k gksrk gS rFkk rnuqlkj dj ds fy, çko/ku fd;ktkrk gSA

vkLFkfxr dj çHkkj vFkok ØsfMV dh igpku mu dj njksa dkbLrseky djrs gq, dh tkrh gS tks rqyui=k frfFk }kjk vf/fu;ferfd, x, vFkok oLrqr% vf/fu;fer fd, x,A vkbZlh,vkbZ }kjk tkjhys[kkadu ekud 22 dh 'krkZ/hu vkLFkfxr dj ns;rk ds fy, çkoèkkuçR;sd rqyui=k frfFk ij leh{kk ds vk/kj ij fd;k tkrk gS vkSjvkLFkfxr dj vkfLr;ka dsoy rHkh ekU; gksrh gSa tc ,slh vkfLr;ksadh Hkfo"; esa olwyh gksuk okLro esa lqfuf'pr gksrk gSA vkLFkfxr djvkfLr;ksa@ns;rkvksa dh iqujh{kk o"kZ ds nkSjku gqbZ çxfr ds vk/kj ijçR;sd rqyui=k frfFk dks dh tkrh gSA

9- deZpkjh i+Qk;ns %

9-1- Hkfo"; fuf/

Hkfo"; fuf/ ,d lqifjHkkf"kr va'knku ;kstuk gS vkSj cSad mlesa iwoZfuèkkZfjr njksa ij fuf'pr va'knku dk Hkqxrku djrk gSA cSad dknkf;Ro ,sls fuf'pr va'knku ds fy, lhfer gSA ;s va'knku o"kZ dsykHk o gkfu [kkrs esa pktZ fd, tkrs gSaA

9-2- minku

minku ns;rk ,d lqifjHkkf"kr ykHk&nkf;Ro gS vkSj foÙkh; o"kZ ds varesa fd, x, chekafdd ewY;kadu ds vk/kj ij fn;k tkrk gSA ;g ;kstukcSad }kjk foÙk&iksf"kr gS vkSj ,d vyx VªLV }kjk pykbZ tkrh gSA

9-3- isa'ku

isa'ku ns;rk ,d lqifjHkkf"kr ykHk&nkf;Ro gS vkSj foÙkh; o"kZ ds var esafd, x, chekafdd ewY;kadu ds vk/kj ij fn;k tkrk gSA ;g ;kstukcSad }kjk foÙk&iksf"kr gS vkSj ,d vyx VªLV }kjk pykbZ tkrh gSA

9-4- {kfriwfrZ vuqifLFkfr;ka

mifpr {kfriwfrZ vuqifLFkfr;ka tSls vftZr NqfV~V;k¡ vkSj chekjh dhNqfV~V;k¡ (vç;qDr vkdfLed NqfV~V;k¡) chekafdd ewY;kadu vk/kjij nh tkrh gSaA

9-5- vU; deZpkjh i+Qk;ns

vU; deZpkjh i+Qk;ns tSls NqV~Vh fdjk;k fj;k;r] flYoj tqcyhvokMZ] eSfMdy i+Qk;ns bR;kfn chekafdd ewY;kadu ds vk/kj ijfd, tkrs gSaA

9-6- fons'kh 'kk[kkvksa vkSj dk;kZy;ksa ds lEcU/ esa çfrfu;qfDr ij x;sdeZpkfj;ksa dks NksM+dj vU; deZpkfj;ksa ds lEcU/ esa i+Qk;nksa dkslEcfU/r ns'kksa esa çpfyr dkuwuksa ds vuqlkj fglkc esa fy;k tkrk gSA

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156

10. IMPAIRMENT OF ASSETS:

Impairment loss, if any, is recognized in accordance with the

accounting standard issued in this regard by ICAI and

impairment loss on any re-valued asset is treated as a

revaluation decrease.

11. REVENUE RECOGNITION:

11.1. Income / expenditure (other than items referred to in

paragraph 11.4) are generally accounted for on accrual basis.

11.2. Income on non-performing assets is recognized on realization

as per RBI guidelines.

11.3. Recovery in non-performing advances is appropriated first

towards interest including de-recognized/suspended

interest and recorded interest and thereafter towards (i)

arrears of installments in term loans and (ii) principal

irregularity in other accounts. However, recovery in suit

filed, decreed accounts and compromise cases is first

appropriated towards principal or as per terms of decree/

settlement.

11.4. Commission (excluding on Government Business), interest

on overdue bills, exchange, locker rent, income from

merchant banking transactions and dividend income on

mutual fund and insurance claims are accounted for on

realization/settlement.

11.5. Income from interest on refund of income tax is accounted

for in the year the order is passed by the concerned authority.

12. OTHERS:

Interest on unpaid and unclaimed matured term deposits are

accounted for at savings bank rate. Interest differential on

matured term deposit for overdue period is accounted for as

and when such deposits are renewed as per bank’s rule.

B. NOTES ON ACCOUNTS

1. The subsidiaries considered in the preparation of the

consolidated financial statements are:

(In %)

Name of the Country of % Voting power

Subsidiary incorporation held as at 31st

Company March, 2009

1. PNB Gilts Limited* India 74.07

2. PNB Housing Finance Limited* India 100.00

3. Punjab National Bank United 100.00

(International) Ltd. Kingdom

4. PNB Investment India 100.00

Services Ltd.#

* The financial statements of these companies are subject to receipt of

report on completion of Supplementary Audit by the Comptroller &

Auditor General of India, under section 619(3) of the Companies Act,

1956.

# Incorporated on 2nd

February 2009, capital Rs. 5.00 lacs yet to

be subscribed.

10- vkfLr;ksa dh vilkekU;rk

;fn dksbZ vilkekU; vkfLr;ka gSa rks bl laca/ esa Hkkjrh; lunhys[kkdkj laLFkku }kjk tkjh ys[kk ekud ds vuqlkj mudh igpku dhx;h gS vkSj iquewZY;kafdr vkfLr;ksa ij vutZd gkfu;ksa dks iquewZY;ufxjkoV ds :i esa ekuk tkrk gSA

11 jktLo ekU;rk

11-1- vk;@O;; (iSjk 11-4 esa mfYyf[kr enksa ls fHkUu) dks lkekU;r%mip; vk/kj ij ys[kkafdr fd;k tkrk gSA

11-2- Hkkjrh; fjt+oZ cSad ds ekxZfunZs'kksa ds vuqlkj vutZd vkfLr;ksa lacaèkhvk; dks mudh olwyh gksus ij ekU;rk nh tkrh gSA

11-3- vutZd vfxzeksa esa olwy dh x;h jkf'k dks igys C;kt] ftlesa vekU;fd;k x;k C;kt@yfEcr C;kt rFkk ntZ C;kt 'kkfey gS] ds laca/ esarFkk rRi'pkr~ mls (i) eh;knh ½.kksa dh cdk;k fdLrksa rFkk (ii) vU;[kkrksa esa ewy /u dh vfu;ferrk esa fofu;ksftr fd;k tkrk gSArFkkfi] nk;j fd;s x;s nkoksa] fMØh çkIr [kkrksa rFkk le>kSrksa dsekeyksa esa olwyh dks igys ewy/u esa vFkok fMØh le>kSrs dh 'krks±ds vuqlkj fofu;ksftr fd;k tkrk gSA

11-4- deh'ku (ljdkjh dkjksckj ij NksM+dj)] vfrns; fcyksa ij C;kt]fofue;] ykWdj fdjk;s] eps±V cSafdax ysu&nsuksa ls çkIr vk;] E;wpqvyi+QaMksa ij ykHkka'k vk; vkSj chek nkoksa dks olwyh@fucVku ij ys[kkafdrfd;k tkrk gSA

11-5- vk;dj ds fji+QaMksa ij C;kt ds :i esa çkIr vk; dks lacaf/rçkfèkdkfj;ksa }kjk ikfjr vkns'k ds o"kZ esa ys[kkafdr fd;k tkrk gSA

12- vU;

ifjiDo fe;knh tek jkf'k;ksa ds uohdj.k ij vfrns; vof/ ds fy,cSad ds fu;ekuqlkj C;kt fn;k tkrk gSA ifjiDo fe;knh tek jkf'k;ksa ijvfrns; vof/ ds fy, C;kt ds varj dh x.kuk rc dh tkrh gSA tcdHkh ,slh tek jkf'k;ksa dk cSad ds fu;ekuqlkj uohdj.k fd;k tkrk gSA

([k) ys[kksa ij fVIif.k;ka

1- lesfdr foÙkh; fooj.k&i=kksa esa ftu vuq"kafx;ksa dks 'kkfeyfd;k x;k gS] os fuEukuqlkj gSa%

(izfr'kr esa)

vuq"kaxh dgka xfBr 31 ekpZ 2009 dksdk uke gqbZ /kfjr» erkf/dkj

1- ih,uch fxYV~l fyfeVsM* Hkkjr 74-07

2- ih,uch gkmflax iQkbuSal fyfeVsM* Hkkjr 100-00

3- iatkc uS'kuy cSad ;w-ds- 100-00(baVjuS'kuy)fyfeVsM

4- ih,uch bUosLVesaV Hkkjr 100-00lfoZlst fyfeVsM#

* bu dk;kZy;ksa ds foÙkh; fooj.k i=k dEiuh vf/fu;e] 1956 dh /kjk619 (3) ds vUrxZr Hkkjr ds fu;U=kd&egkys[kkijh{kd }kjk vuqiwjdys[kkijh{kk iwjh gksus ij fjiksVZ dh çkfIr ds vè;/hu gSaA

# 02 iQjojh] 2009 dks xfBr gqbZ 5-00 yk[k #i;s dh iwath dk va'knkuvHkh fd;k tkuk gS A

PNB 136-176.pmd 6/24/2009, 6:09 PM156

157

2. Associates considered in consolidated financial

statements are as under:

(In %)

Name of the Country of Proportion of

Associate Company incorporation ownership

qpercentage

1. Madhya Bihar Gramin Bank India 35

2. Haryana Gramin Bank India 35

3. Himachal Gramin Bank India 35

4. Punjab Gramin Bank India 35

5. Rajasthan Gramin Bank India 35

6. Sarva UP Gramin Bank India 35

7. Assets Care Enterprises Ltd. India 30

8. Everest Bank Ltd. Nepal 20

9. UTI Asset Management Co. Ltd. India 25

10. UTI Trustee Co. Pvt. Ltd. India 25

11. Principal PNB Asset

Management Co. Pvt. Ltd. India 30

12. Principal Trustee Co. Pvt. Ltd. India 30

13. PNB Principal Financial

Planners Pvt. Ltd. India 30

14. PNB Principal Insurance

Broking Pvt. Ltd. India 30

15. Principal PNB Life

Insurance Co. Ltd. India 30

Footnote:

2.1. Everest Bank Ltd. follows accounting year different from

that of the Parent.

2.2. In the year 2007-08, the bank’s share in UTI Asset

Management Co. Ltd., Principal PNB Assets Management

Company Pvt. Ltd., Principal Trustee Company Pvt. Ltd.,

PNB Principal Financial Planners Pvt. Ltd., PNB Principal

Insurance Broking Pvt. Ltd., Assets Care Enterprises Ltd.,

UTI Trustee Co. Pvt. Ltd & Principal PNB Life Insurance

Co. Ltd. had been accounted on the basis of un-audited

financial statements received then. Now, the audited

financial statements of above entities have been received

and the difference of bank’s share of Rs. 0.70 crores have

been included in the ‘Share of Earnings/Loss in Associates’

in Schedule –17.

2.3. The bank’s share in the following Associates have been

considered in the accounts on the basis of un-audited

financial statements received for the year 2008-09.

a) Principal Trustee Co. Pvt. Ltd.

b) Principal PNB Asset Management Co. Pvt. Ltd.

c) PNB Principal Financial Planners Pvt. Ltd.

d) PNB Principal Insurance Broking Pvt. Ltd.

e) Principal PNB Life Insurance Co. Ltd. (operation not started)

f) Assets Care Enterprises Ltd.

g) UTI Asset Management Co. Ltd.

h) Everest Bank Ltd., Nepal

Any difference that may arise on receipt of audited financial

statements of the above Associates will be adjusted at that time.

2 lesfdr foÙkh; fooj.k i=kksa ds fy, fuEufyf[kr lg;ksxhlaLFkkvksa ij fopkj fd;k x;k gS %

(» esa)

lg;ksxh dEiuh dgk¡ xfBr LokfeRo dkdk uke gqbZ vuqikr

1- eè; fcgkj xzkeh.k cSad Hkkjr 35

2- gfj;k.kk xzkeh.k cSad Hkkjr 35

3 fgekpy xzkeh.k cSad Hkkjr 35

4- iatkc xzkeh.k cSad Hkkjr 35

5- jktLFkku xzkeh.k cSad Hkkjr 35

6- loZ ;wih xzkeh.k cSad Hkkjr 35

7 vlsV ds;j ,UVjçkbts+l fy- Hkkjr 30

8- ,ojsLV cSad fyfeVsM usiky 20

9- ;wVhvkbZ vlsV eSustesaV dEiuh Hkkjr 25

10- ;wVhvkbZ VªLVh dEiuh çk-fy- Hkkjr 25

11- fçalhiy ih,uch vlsV eS-da-çk-fy- Hkkjr 30

12- fçalhiy VªLVh da-çk-fy- Hkkjr 30

13- ih,uch fçalhiy iQkbusaf'k;yIySuj çk-fy- Hkkjr 30

14- ih,uch fçalhiy bU';ksjsalczksfdax çk-fy- Hkkjr 30

15- fçalhiy ih,uch ykbiQ Hkkjr 30

ba';ksjsal da- fy-

ikn fVIi.kh

2-1 ,ojsLV cSad fyfeVsM dk ys[kkadu o"kZ gekjs cSad ls fHkUu gSA

2-2 o"kZ 2007&08 esa ;wVhvkbZ vlsV eSustesaV dEiuh çk- fyfeVsM]fçalhiy ih,uch vlsV eSustesaV dEiuh çk-fy-] fçalhiy VªLVh dEiuhçk-fy] ih,uch fçalhiy iQkbusaf'k;y IykulZ çk-fy-] ih,uch fçalhiyba';ksjsal czksfdax çk-fy-] vlsV ds;j ,aVjçkbft+t+ fyfeVsM] ;wVhvkbZVªLVh dEiuh çk-fy- vkSj fçalhiy ih,uch ykbiQ ba';ksjsal dEiuhfyfeVsM esa x+Sj ys[kkijhf{kr foÙkh; fooj.k i=kksa ds vk/kj ij cSad ds'ks;j dks fglkc esa fy;k x;k FkkA vc mi;qZDr laLFkkvksa ds cSad dksmDr o"kZ ds ys[kkijhf{kr foÙkh; fooj.k i=k çkIr gks x, gSa vkSj #i;s0-70 djksM+ dh vUrj jkf'k dks vuqlwph&17 esa ^lg;ksxh laLFkkvksa esavtZu@gkfu dk fgLlk* esa 'kkfey fd;k x;k gSA

2-3- o"kZ 2008&09 ds fy, fuEufyf[kr lg;ksxh dEifu;ksa ls çkIr x+Sjys[kkijhf{kr foÙkh; fooj.k i=kksa ds vk/kj ij ys[kksa esa cSad ds 'ks;jds fo"k; esa fopkj fd;k x;k gSA

d) fçalhiy VªLVh dEiuh çk- fy-

[k) fçalhiy ih,uch vlsV eSustesaV dEiuh çk- fy-

x) ih,uch fçalhiy iQkbusaf'k;y IykulZ çk- fy-

Ä) ih,uch fçalhiy ba';ksjsal czksfdax çk- fy-

?k) fçalhiy ih,uch ykbiQ ba';ksjsal dEiuh fy- (ifjpkyu vkjEHk ugha gqvk)

p) vlsV ds;j ,aVjçkbft+t+ fy-

N) ;wVhvkbZ vlsV eSustesaV dEiuh çk-fy-

t) ,ojsLV cSad fy-] usiky

mi;qZDr lg;ksxh dEifu;ksa ds ys[kk ijhf{kr foÙkh; i=kksa ds feyus dsiQyLo:i ;fn dksbZ vUrj gksxk rks mls ml le; lek;ksftr fd;k tk;sxkA

PNB 136-176.pmd 6/24/2009, 6:09 PM157

158

2.4 The break-up of Capital Reserve/Goodwill is as follows: -

(Rs. in Crores)

Particulars As on 31.03.2009 As on 31.03.2008

Goodwill 252.39 252.39

Capital Reserves 42.37 42.32

Goodwill (Net) 210.02 210.07

3. Bank during the year raised as Perpetual bonds/subordinated

debt as Tier I and Tier II Capital respectively as under:

(Rs. in Crores)

Amount of subordinated debt raised as NIL

Lower Tier-II Capital during the year

Amount of subordinated debt raised as 2000.00

Upper Tier-II Capital during the year

Amount of perpetual bonds raised as 220.50

Tier-I Capital during the year

3.1 The capital adequacy ratio (Basel I and Basel II) of the bank

group is:

Basel-I Basel-II

31.03.2009 31.03.2008 31.03.2009 31.03.2008

CRAR% 12.98% 13.42% 14.27% 13.86%

CRAR–Tier-I capital (%) 8.37% 9.04% 9.21% 9.33%

CRAR–Tier-II capital (%) 4.61% 4.38% 5.06% 4.53%

4. Disclosures required by Accounting Standards

4.1. AS 5 - Prior Period and Change in Accounting Policy

The bank hitherto has been accounting for interest on

unclaimed matured term deposits for overdue period at the

time of renewal of such deposits. In terms of RBI circular No.

DBOD.No.Leg.B.C.34/09.07.005/2008-09 dated August 22,

2008, such interest has been accounted for at Saving bank

rate w.e.f. 22.8.2008 till such deposits are renewed. The

differential interest for overdue period is accounted for at

the time of renewal. Due to such change the profit for the

year is lower by 25.57 crores.

There were no material prior period income/expenditure items

requiring disclosure under AS-5.

4.2. AS 6 - Depreciation accounting

Break up of total depreciation for the year for each class of

assets

(Rs. in Crores)

Particulars Year ended Year ended

(Class of Assets) 31.03.2009 31.03.2008

Premises 7.71 8.23

Other fixed assets 168.74 147.94

Leased assets 0.20 0.20

Computer software 18.19 15.98

Total 194.84 172.35

2-4 iw¡th çkjf{kr fuf/@lk[k dk fooj.k fuEufyf[kr gSA(#i;s djksM+ esa)

fooj.k 31-03-2009 dh fLFkfr 31-03-2008 dh fLFkfr

lk[k 252-39 252-39

iw¡th çkjf{kr fuf/ 42-37 42-32

lk[k ('kq¼) 210-02 210-07

3- o"kZ ds nkSjku cSad us csfe;knh ca/[email protected] m/kjksa ds :i esa Øe'k%Vh;j&A vkSj Vh;j&AA iwath fuEuor~ tqVkbZ gS%&

(#- djksM+ esa)

o"kZ ds nkSjku yksvj Vh;j&AA iw¡th ds :i esa 'kwU;tqVkbZ xbZ xkS.k ½.k dh jkf'k

o"kZ ds nkSjku vij Vh;j&AA iw¡th ds :i esa tqVkbZ 2000-00xbZ xkS.k ½.k dh jkf'k

o"kZ ds nkSjku Vh;j&A iw¡th ds :i esa tqVkbZ xbZ 220-50csfe;knh ca/i=kksa dh jkf'k

3-1 cSad lewg dk iw¡th i;kZIrrk vuqikr (csly&I vkSj csly&II)fuEufyf[kr gS%

csly&I csly&II31.03.2009 31.03.2008 31.03.2009 31.03.2008

lhvkj,vkj% 12.98% 13.42% 14.27% 13.86%

lhvkj,vkj&Vh;j&I iwath (%) 8.37% 9.04% 9.21% 9.33%

lhvkj,vkj&Vh;j&II iwath(%) 4.61% 4.38% 5.06% 4.53%

4- ys[kk ekudksa }kjk visf{kr çdVhdj.k

4-1 ys[kk ekud&5 iwoZ vof/ vkSj ys[kkadu uhfr esa ifjorZu

vHkh rd cSad fcuk nkos dh ifjiDo eh;knh tek jkf'k;ksa ij vfrns;vof/ ds fy, mu tek jkf'k;ksa ds uohdj.k ds le; C;kt dhx.kuk djrk jgk gSA Hkkjrh; fjt+oZ cSad ds 22 vxLr] 2008 dsifji=k la[;k MhchvksMh la[;k ,ybZth ch-lh- 34@09- 07- 005@2008&09ds vuqlkj 22-8-2008 ls ,slk C;kt mu tek jkf'k;ksa ds uohdj.krd cpr cSad nj ij cuk;k tkrk gSA vfrns; vof/ ds fy, C;ktdk varj uohdj.k ds le; fglkc esa fy;k tkrk gSA bl ifjorZu dsdkj.k o"kZ dk ykHk 25-57 djksM+ #i;s de gks x;k gSA

ys[kk ekud&5 ds v/hu dksbZ egRoiw.kZ iwoZ vof/ vk;@O;; dkçdVhdj.k visf{kr ugha gSA

4-2 ys[kk ekud 6 % ewY;ßkl ys[kk fof/

o"kZ esa vkfLr;ksa ds çR;sd oxZ ds fy, fd, x, ewY;ßkl dk C;kSjk

(#- djksM+ esa)

fooj.k 31-03-2009 31-03-2008(vkfLr Js.kh) dks lekIr o"kZ dks lekIr o"kZ

ifjlj 7.71 8.23

vU; vpy vkfLr;ka 168.74 147.94

iV~Vs okyh vkfLr;ka 0.20 0.20

dEI;wVj lkWÝ+Vos;j 18.19 15.98

tksM+ 194.84 172.35

PNB 136-176.pmd 6/24/2009, 6:09 PM158

159

4.3. AS 9 - Revenue Recognition

Certain items of income are recognized on realization basis

as per Accounting Policy No. 11.4. However, the said income

is not considered to be material.

4.4 AS 11- Changes in foreign exchange rates:

Movement of Exchange Fluctuation Rreserve

Particulars Amount (Rs. In Crore)

Balance as at 1st

April 2008 0.63

Credited during the period

1.4.08 to 31.03.2009 4.15

Withdrawn during the period 0.00

Balance as at 31.03.2009 4.78

4.5 AS 15 – Employees Benefits:

ADOPTION OF AS – 15(R):

The Bank has adopted Accounting Standard 15(R) - Employee

Benefits, issued by the Institute of Chartered Accountants of

India (ICAI), with effect from 1st

April 2007.

The Bank recognizes in its books of accounts the liability

arising out of Employee Benefits as the sum of the present

value of obligation as reduced by fair value of plan assets on

the Balance Sheet date.

TRANSITIONAL LIABILITY

The transitional liability as on 01.04.08 on account of other

long-term employee benefits such as Leave fare concession,

Accumulating compensating sick leave, Silver jubilee award

etc. to the extent not charged was amounting to Rs.175.00

crores. A sum of Rs.43.80 crores representing one fifth of

transitional liability has been charged to Profit & Loss A/c of

the current financial year ended 31st

March 2009. The

balance-unrecognized liabilities of Rs.131.20 crores have been

carried forward and the same will be charged off in the next

three years.

DISCLOSURE IN ACCORDANCE WITH AS – 15(R):

In line with the accounting policy and as per the Accounting

Standard – 15(R), the summarized position of post

employment benefits are recognized in the Profit & Loss A/c

and Balance Sheet as under:

Pension Fund pertains to only of the parent co. i.e. Punjab

National Bank.

I. Principal Actuarial assumption at the Balance sheet date

(expressed as weighted averages)

(in %)



31.03.2008 31.03.2009 31.03.2008 31.03.2009 31.03.2008 31.03.2009

Discount rate 8.00% 7.34% 8.00% 7.34%- 8.00% 7.34%-

8.00% 8.00%

Expected rate 8.30% 8.30% 8.25% 8.25% 0.00% 0.00%

of return on

plan assets

Rate of escala- 6.50% 6.50% 6.50% 6.50%- 6.50% 6.50% -

tion in salary 7.5% 7.5%

Attrition rate 1.00% 1.00% 1.00% 1.00%- 1.00% 1.00%-

5% 5%

Method used PUC PUC PUC PUC PUC PUC

4-3 ys[kk ekud 9 % jktLo igpku

vk; dh dqN enksa dh igpku ys[kkadu uhfr la[;k 11 (4) ds vuqlkjolwyh vk/kj ij gS rFkkfi mDr vk; egRoiw.kZ ugha le>h tkrhA

4-4 ys[kk ekud&11 fons'kh fofue; njksa esa ifjorZu %

fons'kh fofue; mrkj p<+ko fuf/ dh ?kVc<+ %

fooj.k #i;s djksM+ esa

01 vçSy 2008 dks 'ks"k 0.63

01-04-2008 ls 31-03-2009 dh 4.15

vof/ esa fd;k x;k ØsfMV

vof/ ds nkSjku vkgfjr 0.00

31-03-2009 dks 'ks"k 4.78

4-5 ys[kk ekud 15 deZpkjh iQk;ns %

ys[kk ekud 15 (la'kksf/r) dk vaxhdj.k %

cSad us 01-04-2007 ls Hkkjrh; lunh ys[kkdkj laLFkku }kjk tkjhys[kk ekud&15 (la'kksf/r)&deZpkjh i+Qk;ns dks vaxhdkj fd;k gSA

cSad us ys[kkcfg;ksa esa rqyui=k frfFk dks ;kstuk vkfLr;ksa ds mfprewY; dks ?kVkdj ns;rk ds orZeku ewY; dh jkf'k ds :i esa deZpkjhiQk;nksa ls vk;h ns;rk dks ekU; fd;k gSA

laØe.k'khy ns;rk

vU; nh?kZdkfyd deZpkjh iQk;ns tSls NqV~Vh fdjk;k fj;k;r] mifpr{kfriwjd chekjh dh NqV~Vh] jtr t;Urh vokMZ bR;kfn ds dkj.klaØe.k'khy ns;rk 01-04-2008 dh fLFkfr ds vuqlkj #i;s 175djksM+ Fkh ftls çHkkfjr ugha fd;k x;k gSA laØe.k'khy ns;rk dk 1@5vFkkZr~ #i;s 43-80 djksM+ dh jkf'k dks 31-03-2009 dks lekIr pkywfoÙkh; o"kZ ds ykHk o gkfu [kkrs esa pktZ fd;k x;k gSA #i;s131-20 djksM+ dh 'ks"k xSj ekU; ns;rk dks vkxs ys tk;k x;k gS vkSjvkxkeh rhu o"kks± esa mls pktZ vkWiQ fd;k tk,xkA

ys[kk ekud&15 (la'kksf/r) ds vuqlkj çdVhdj.k

ys[kk uhfr ds vuq:i rFkk ys[kk ekud&15(la'kksf/r) ds vuqlkjjkstxkj mijkUr feyus okys iQk;ns dh laf{kIr fLFkfr dks ykHk o gkfu[kkrs vkSj rqyui=k esa fuEuor~ ekuk x;k gS%

iSa'ku fuf/ dsoy iatkc uS'kuy cSad ls lacaf/r gSA

I. rqyui=k frfFk dks fçalhiy chekafdd /kj.kk,a (/kfjr vkSlr)(» esa)

fooj.k isa'ku minku NqV~Vh udnhdj.k(fuf/d) (fuf/d) (xS+j fuf/d)

31.03.2008 31.03.2009 31.03.2008 31.03.2009 31.03.2008 31.03.2009

fMLdkmaV nj 8.00% 7.34% 8.00% 7.34%- 8.00% 7.34%-

8.00% 8.00%

;kstuk vkfLr;ksa 8.30% 8.30% 8.25% 8.25% 0.00% 0.00%

ds çfriQy dhlaHkkfor nj

osruo`f¼ nj 6.50% 6.50% 6.50% 6.50%- 6.50% 6.50% -

7.5% 7.5%

fudklh nj 1.00% 1.00% 1.00% 1.00%- 1.00% 1.00%-

(Attrition) 5% 5%

ç;qDr i¼fr ih;wlh ih;wlh ih;wlh ih;wlh ih;wlh ih;wlh

PNB 136-176.pmd 6/24/2009, 6:09 PM159

160

II. Changes in the present value of the obligations (PVO)

Reconciliation of Opening and closing balances

(Rs. in crores)



PVO as at the 3378.00 1359.51 755.22

beginning of

the period

Interest Cost 264.17 97.64 58.11


Past service cost– 0.00 0.00 0.00

Vested Benefits


Non Vested Benefits

Benefits paid (151.83) (58.78) (58.50)

Actuarial loss/(gain) 239.22 23.64 66.87

on obligations

PVO as at the end 4025.00 1478.64 853.97

of 31.03.2009

III. Changes in the Fair value of Plan Assets – Reconciliation of

opening and closing balances:

(Rs. in Crores)



Fair Value of Plan 3047.93 1132.96 0.00

Assets as at the

beginning of the

period

Expected return of 279.11 105.59 0.00

Plan Assets

Employer’s 781.60 352.55 58.50

Contribution

Benefits paid (151.83) (58.78) (58.50)

Actuarial gain(loss) 9.67 5.35 0.00

on plan assets

Fair Value of Plan 3966.48 1537.68 0.00

Assets as at 31st

March 2009

IV. Actual Return on plan assets

(Rs. in Crores)



Expected return 279.11 105.59 0.00

on plan assets

Actuarial gain 9.67 5.35 0.00

(loss) on plan

assets

Actual return 288.78 110.93 0.00

on plan assets

II. nkf;Roksa ds orZeku ewY; esa ifjorZu&vFk rFkk bfr 'ks"kksa dk lek/ku(#i;s djksM+ esa)

fooj.k isa'ku minku NqV~Vh udnhdj.k(fuf/d) (fuf/d) (x+Sj fuf/d)

vof/ ds çkjEHk 3378.00 1359.51 755.22

esa nkf;Ro dkorZeku ewY;

C;kt ykxr 264.17 97.64 58.11

pkyw lsok ykxr 295.44 56.61 31.77

fiNyh lsok ykxr 0.00 0.00 0.00

&fufgr iQk;ns

fiNyh lsok ykxr 0.00 0.00 0.00

&xSj fufgr iQk;ns

lanÙk iQk;ns (151.83) (58.78) (58.50)

nkf;Roksa ij chekafdd 239.22 23.64 66.87

gkfu@(ykHk)

31-03-2009 dks iQk;nk 4025.00 1478.64 853.97

nkf;Ro dk orZeku ewY;

III. ;kstuk vkfLr;ksa ds mfpr ewY; esa ifjorZu&vFk rFkk bfr 'ks"kksa dklek/ku

(#i;s djksM+ esa)

fooj.k isa'ku minku NqV~Vh udnhdj.k(fuf/d) (fuf/d) (x+Sj fuf/d)

vof/ ds çkjHk esa 3047.93 1132.96 0.00

;kstuk vkfLr;ksadk mfpr ewY;

;kstuk vkfLr;ksa ij 279.11 105.59 0.00

laHkkfor çfriQy

fu;ksDrk dk va'knku 781.60 352.55 58.50

lanÙk i+Qk;ns (151.83) (58.78) (58.50)


chekafdd ykHk@(gkfu)

31-03-2009 dks 3966.48 1537.68 0.00

;kstuk vkfLr;ksadk mfpr ewY;

IV. ;kstuk vkfLr;ksa ij okLrfod çfriQy

fooj.k isa'ku minku NqV~Vh udnhdj.k

(fuf/d) (fuf/d) (x+Sj fuf/d)


laHkkfor çfriQy


chekafdd ykHk (gkfu)


okLrfod çfriQy

PNB 136-176.pmd 6/24/2009, 6:09 PM160

161

V. Actuarial Gain/ loss Recognized

(Rs. in Crores)



Actuarial gain/

(loss) on obligation (239.22) (23.64) (66871)

Actuarial gain/

(loss) for the period

on Plan Assets 9.67 5.35 0.00

Total (gain)/loss for

the period 229.56 18.29 66.87

Actuarial(gain)/

loss recognized

in the period 229.56 18.29 66.87

Unrecognized

actuarial (gain)

loss at the end

of the year 0.00 0.00 0.00

VI. Amount recognized in Balance Sheet and related analysis

(Rs. in Crores)



Present value of 4025.00 1478.64 853.97

the obligation

Fair value of 3966.48 1537.68 0.00

Plan Assets

Difference 58.52 (59.03) 853.97

Unrecognized 0.00 0.00 0.00

past service cost-

non vested

benefits

Unrecognized 0.00 0.00 0.00

transitional

liability

Amount (58.93)

determined

under para 55

of AS15R

Net liability 0.00 0.00 0.00

recognized in the

balance sheet

Present value 0.00 (54.90) 0.00

of the future

reduction in

contribution

under para

59(b) if AS15R

Liability 58.52 (55.00) 853.97

recognized in the

Balance Sheet

V. ekU; chekafdd (ykHk)@gkfu(#i;s djksM+ esa)


(fuf/d) (fuf/d) (xS+j fuf/d)

nkf;Ro ij chekafdd (239.22) (23.64) (66871)

ykHk@gkfu

vof/ ds fy, ;kstuk 9.67 5.35 0.00

vkfLr;ksa ij chekafddykHk@(gkfu)

vof/ ds fy, dqy 229.56 18.29 66.87

(ykHk)@gkfu

vof/ esa ekU; 229.56 18.29 66.87

chekafdd ykHk@(gkfu)

o"kZ ds var esa vekU; 0.00 0.00 0.00

chekafdd (ykHk)@gkfu

VI. rqyui=k esa ekU; jkf'k vkSj lac¼ fo'ys"k.k %(#i;s djksM+ esa)



nkf;Roksa dk 4025.00 1478.64 853.97

orZeku ewY;

;kstuk vkfLr;ksa 3966.48 1537.68 0.00

dk mfpr ewY;

varj 58.52 (59.03) 853.97

vekU; foxr 0.00 0.00 0.00

lsok ykxr &xSj fufgr iQk;ns

vekU; laØe.k'khy 0.00 0.00 0.00

ns;rk

ys[kkekud 15 (58.93)

(la'kksf/r) ds iSjk55 ds varxZrfu/kZfjr jkf'k

rqyui=k esa ekU; 0.00 0.00 0.00

'kqn~/ ns;rk

ys[kkekud 15 la'kksf/r 0.00 (54.90) 0.00

ds iSjk 59 ([k) dsvarxZr va'knkuesa Hkkoh dVkSrh dkorZeku ewY;

rqyui=k esa ekU; ns;rk 58.52 (55.00) 853.97

PNB 136-176.pmd 6/24/2009, 6:09 PM161

162

VII. Expenses recognized in the Profit & Loss A/c

(Rs. in Crores)




Interest cost 264.17 97.64 58.11

Expected return on (279.11) (105.60) 0.00

plan assets


Vested Benefits


Non vested Benefits

Transitional liability 0.00 0.00 0.00

recognized during

the year

Net Actuarial (gain)/ 229.56 18.29 66.87

loss recognized in

the year

Effect of limit as 0.00 4.03 0.00

per para 59 (b)

read with para

61(g) of AS15R

Expenses recognized 510.05 70.99 156.76

in the Profit and

Loss A/c

VIII. Movements in the liability recognized in the Balance Sheet

(Rs. in Crores)



Opening net liability 330.07 226.55 755.72

Expense as above 510.05 70.99 156.76

Contribution paid (781.60) (352.55) (58.50)

Closing net liability 58.52 (55.01) 853.98

IX. Amount for the current period

(Rs. in Crores)



Present value of 4025.00 1478.00 853.00

obligation

Plan Assets 3966.48 1536.93 0.00

Surplus (Deficit) (58.52) 58.93 (853.00)

Expected (12.72) 21.44 (41.31)

adjustments on

plan liabilities

Expected 9.67 5.35 0.00

adjustments on

plan assets

VII ykHk o gkfu [kkrs esa ekU; O;;(#i;s djksM+ esa)



pkyw lsok ykxr 295.44 56.61 31.77

C;kt ykxr 264.17 97.64 58.11

;kstuk vkfLr;ksa ij (279.11) (105.60) 0.00

laHkkfor çfriQy

xr lsok ykxr 0.00 0.00 0.00

&fufgr i+Qk;ns

xr lsok ykxr 0.00 0.00 0.00

&xS+j fufgr i+Qk;ns

o"kZ esa ekU; 0.00 0.00 0.00

laØe.k'khy ns;rk

o"kZ esa ekU; 229.56 18.29 66.87

chekafdd ykHk@gkfu

la'kksf/r ys[kk ekud&15 0.00 4.03 0.00

ds iSjk 61(th) ds lkFkifBr iSjk 59(ch) dsvuqlkj lhek dk çHkko

ykHk o gkfu [kkrs 510.05 70.99 156.76

esa ekU; O;;

VIII rqyui=k esa ekU; ns;rk esa ewoesaV

(#i;s djksM+ esa)


(fuf/d) (fuf/d) (x+Sj fuf/d)

çkjfEHkd 'kq¼ ns;rk 330.07 226.55 755.72

O;;&;Fkksifj 510.05 70.99 156.76

lanÙk va'knku (781.60) (352.55) (58.50)

vafre 'kq¼ ns;rk 58.52 (55.01) 853.98

IX orZeku vof/ ds fy, jkf'k(#i;s djksM+ esa)



ns;rk dk orZeku ewY; 4025.00 1478.00 853.00

;kstuk vkfLr;k¡ 3966.48 1536.93 0.00

vf/'ks"k (?kkVk) (58.52) 58.93 (853.00)

;kstuk ns;rkvksa ij (12.72) 21.44 (41.31)

laHkkfor lek;kstu


laHkkfor lek;kstu

PNB 136-176.pmd 6/24/2009, 6:09 PM162

163

X. Major categories of plan assets (as percentage of total plan assets)


(Funded) (Funded)

Central Government securities 25.62% 25.24%

State Government securities 16.15% 16.30%

High quality corporate bonds 50.25% 47.62%

Special Deposits Scheme 5.66% 8.28%

Other investments 2.32% 2.56%

100.00% 100.00%

XI. Best estimate of contribution during the next year

(Rs. in Crores)


(Funded) (Funded)

Bank’s best estimate of 500.00 120.00

contribution during next year

XII. Other Long term employee benefits (Unfunded)

(Rs. in Crores)

Particulars LFC Silver Jubilee Sick Leave

(unfunded) Bonus including

(unfunded) casual Leave

(SL) (unfunded)

Present Value of 97.00 10.00 141.00

Obligation



recognized in the year

Unrecognized transi- 54.00 5.40 72.00

Tional liability

Liability recognized 43.00 4.60 69.00

in the Balance Sheet

XIII Basis of Actuarial assumption considered

Particulars Basis of assumption

Discount rate Discount rate has been determined by reference

to market yields on the balance sheet date on

Government Bonds of term consistent with

estimated term of the obligations as per para

78 of AS15R.

Expected rate of The expected return on plan assets is based on

return on plan market expectations, at the beginning of the

assets period, for returns over the entire life of the

related obligation.

Rate of escalation The estimates of future salary increases

in salary considered in actuarial valuations taking into

account inflation, seniority, promotion and

other relevant factors mentioned in paras 83-

91 and 120(I) of AS15R.

Attrition rate Attrition rate has been determined by reference

to past and expected future experience and

includes all types of withdrawals other than

death but including those due to disability.

X ;kstuk vkfLr;ksa dh çeq[k Jsf.k;k¡ (dqy ;kstuk vkfLr;ksa ds » ds :i esa)


dsUæh; ljdkj dh çfrHkwfr;k¡ 25.62% 25.24%

jkT; ljdkj dh çfrHkwfr;k¡ 16.15% 16.30%

mPp xq.koÙkk okys dkWjiksjsV ck.M 50.25% 47.62%

fo'ks"k tek ;kstuk,a 5.66% 8.28%

vU; fuos'k 2.32% 2.56%

100.00% 100.00%

XI vkxkeh o"kZ ds nkSjku va'knku dk Js"Bre vuqeku


vkxkeh o"kZ ds nkSjku Js"Bre 500.00 120.00

va'knku dk cSad dk vuqeku

XII vU; nh?kkZof/ deZpkjh i+Qk;ns (x+Sj fuf/d) (#i;s djksM+ esa)

fooj.k ,y,i+Qlh flyoj tqcyh vkdfLed NqV~Vh(x+Sj fuf/d) cksul (,l,y) lfgr

(x+Sj fuf/d) chekjh dh NqV~Vh(x+Sj fuf/d)

nkf;Ro dk orZeku ewY; 97.00 10.00 141.00

laØe.k'khy ns;rk 72.00 7.20 96.00

o"kZ ds nkSjku ekU; 18.00 1.80 24.00

laØe.k'khy ns;rk

x+Sj ekU; laØe.k'khy 54.00 5.40 72.00

ns;rk

rqyui=k esa ekU; ns;rk 43.00 4.60 69.00

XIII fopkjh x;h chekafdd /kj.kkvksa dk vk/kj

fooj.kh /kj.kk dk vk/kj

fMLdkmaV nj la'kksf/r ys[kk ekud la[;k&15 ds iSjk 78 ds vuqlkjnkf;Ro dh vuqekfur 'krZ ds vuq:i ljdkjh ca/ i=kksaij rqyui=k dh frfFk dks ckt+kj çkfIr;ksa ds lanHkZ}kjk fuf'pr fMLdkmaV nj r; dh xbZ gSA

;kstuk vkfLr;ksa ds ;kstuk vkfLr;ksa ij laHkkfor çfriQy nj lacaf/rçfriQy dh nkf;Ro dh iwjh vk;q ds fjVuks± ds fy, vof/ dslaHkkfor nj vkjEHk esa ckt+kj laHkkoukvksa ij vk/kfjr gSA

osruo`f¼ nj Hkkoh osruof¼ ds vuqekuksa ds fy, eqnzk LiQhfr] ofj"Brk]inksUufr vkfn ij chekafdd ewY;k¡du ij la'kksf/rys[kk ekud la[;k&15 ds iSjk la[;k 83&91 vkSj120 (I) ds vuqlkj fopkj fd;k x;k gSA

fudklh nj fudklh nj dk fu/kZj.k fiNys vkSj laHkkfor HkkohvuqHkoksa lanHkZ }kjk fd;k x;k gS vkSj mlesa e`R;q dksNksM+dj fdarq v'kDrrk ds dkj.k gqbZ vU; lHkhçdkj dh fudkfl;k¡ lfEefyr gSaA

PNB 136-176.pmd 6/24/2009, 6:09 PM163

164

4.6 SEGMENT REPORTING FOR THE YEAR ENDED 31ST

MARCH 2009

(Rs. in lacs)

S. Particulars Year Ended Year Ended

No. 31.03.09 31.03.08

(Audited) (Audited)

(Consolidated) (Consolidated)

i. Segment Revenue

a) Treasury 552835 442107




Total 2268974 1665372

ii. Segment Results

a) Treasury 74286 86127




Total 644983 461484

iii. Unallocated Expenses 58423 47682

iv. Operating Profit 586560 413802

v. Provision for Tax 171689 128673

vi. Extraordinary Items — —

vii. Share of Earnings in Associates (Net) 6854 8359

viii.Minority Interest 307 1082

ix. Net Profit 319703 220309

Other Information:

x. Segment Assets

a) Treasury 6820541 5816966




Sub Total 25024890 20029463

e) Unallocated Assets 334225 342123

Total Assets 25359115 20371586

xi. Segment Liabilities

a) Treasury 6507816 5490559




Sub Total 23727211 19015503

e) Unallocated Liabilities 75882 48899

Total Liabilities 23803093 19064402

Note:

As the operations outside India are less than the threshold

limit of 10%, secondary segment information has not been

required to be furnished.

4.7 Disclosure of Related Parties as per AS –18 issued by ICAI

Names of the related parties and their relationship with the

Bank:

Key Management Personnel :

i) Dr. K.C Chakrabarty, Chairman & Managing Director

ii) Shri M.V. Tanksale Executive Director (w.e.f.

26.03.2009)

4-6 31 ekpZ 2009 dks lekIr o"kZ ds fy, [k.Mokj fjiksfV±x(jkf'k yk[k #- esa)

Øe fooj.k 31-03-2009 31-03-2008la- dks lekIr o"kZ dks lekIr o"kZ

(ys[kk ijhf{kr) (ys[kk ijhf{kr)(lesfdr) (lesfdr)

i. [kaMokj jktLo

d) Vªst+jh 552835 442107

[k) dkWjiksjsV@gksylsy cSafdax 635364 470328

x) fjVsy cSafdax 969074 639850

?k) vU; cSafdax ifjpkyu 111701 113087

tksM+ 2268974 1665372

ii. [kaMokj ifj.kke

d) Vªst+jh 74286 86127




tksM+ 644983 461484

iii. x+Sj vkcafVr O;; 58423 47682

iv. ifjpkyu ykHk 586560 413802

v. dj gsrq çko/ku 171689 128673

vi. vlk/kj.k ensa — —

vii. lgk;d laLFkkvksa esa vtZuksa dk va'k ('kq¼) 6854 8359

viii.vYika'k fgr 307 1082

ix. 'kq¼ ykHk 319703 220309vU; lwpuk

x. [kaMokj vkfLr;ka

d) Vªst+jh 6820541 5816966




mi tksM+ 25024890 20029463

Ä) x+Sj vkcafVr vkfLr;k¡ 334225 342123

dqy vkfLr;ka 25359115 20371586

[kaMokj ns;rk,a

d) Vªst+jh 6507816 5490559




mi tksM+ 23727211 19015503

Ä) xS+j vkcafVr ns;rk,a 75882 48899

dqy ns;rk,aa 23803093 19064402

fVIi.kh

pwafd Hkkjr ds ckgj dk ysu nsu 10» dh çkjfEHkd lhek ls de gS]vr% xkS.k [k.Mokj lwpuk fn;k tkuk visf{kr ugha gSA

4-7- Hkkjrh; lunh ys[kkdkj laLFkku ds ys[kk ekud&18 ds vuqlkjlacafèkr ikfVZ;ksa dk uke rFkk cSad ds lkFk muds lacaèk

eq[; çca/u dkfeZd%

i) Mk- ds-lh pØcrhZ] vè;{k ,oa çcU/ funs'kd

ii) Jh ,e-o- Vk¡dlkys] dk;Zdkjh funs'kd (26-03-2009 ls)

PNB 136-176.pmd 6/24/2009, 6:09 PM164

165

iii) Shri Nagesh Pydah, Executive Director (w.e.f. 26.03.2009)

iv) Shri K. Raghuraman, Executive Director (upto 30.09.2008)

v) Shri J.M Garg, Executive Director (upto 06.11.2008)

Subsidiaries

i) PNB Gilts Ltd.

ii) PNB Housing Finance Ltd.

iii) Punjab National Bank (International) Ltd., UK

iv) PNB Investment Services Ltd

Associates:

i) Everest Bank Limited

ii) Principal PNB Asset Management Company Pvt. Ltd.

iii) Principal Trustee Company Private Limited

iv) PNB Principal Financial Planners Private Limited

v) PNB Principal Insurance Broking Pvt. Ltd.

vi) UTI Asset Management Company Limited

vii) UTI Trustee Company Pvt. Limited

viii) Assets Care Enterprises Ltd.

ix) Principal PNB life Insurance Company Ltd.

x) Madhya Bihar Gramin Bank, Patna

xi) Haryana Gramin Bank, Rohtak

xii) Himachal Gramin Bank, Mandi

xiii) Punjab Gramin Bank, Kapurthala

xiv) Rajasthan Gramin Bank, Alwar

xv) Sarva UP Gramin Bank, Meerut

Transactions with Related parties*

(Rs. in lacs)

Items/Related Associates Key Management Relatives of

Party Personnel Key Management

Personnel

2008-09 Maximum 2008-09 Maximum 2008-09 Maximum

amount amount amount

outstanding outstanding outstanding

Remuneration 39.28

(43.04)

Borrowings

Deposits 1753.61 6739.58 9.40 9.40 0.00 0.00

(364.26) (3396.66) (21.94) (25.30) (3.44) (3.44)

Placement of

Deposits

Advances (0.00) (0.00) 0.00 0.00

(337.11) (337.11) (18.06) (18.84)

Investments 36443.35 36443.35

in share capital (35999.78) (35999.78)

Investments in 778.80 778.80

debentures (0.00) (0.00)

Non funded 0.00 0.00

Commitments (2713.00) (3683.00)

Interest paid 1.86 NA 0.13 0.00 NA

(0.80) NA (1.67) (0.17) NA

Interest received 48.81 NA 0.00 NA

(0.00) NA NA (1.68) NA

Receiving of — NA

Services

Rendering of 0.00 NA

services (267.86)

Management 15.00 NA

contracts (25.00) NA

Dividend received 1000.00 NA

*As compiled and certified by the management.


iii) Jh ukxs'k iSM+k] dk;Zdkjh funs'kd (26-03-2009 ls)iv) Jh ds j?kqjkeu] dk;Zdkjh funs'kd (30-09-2008 rd)v) Jh ts ,e xxZ] dk;Zdkjh funs'kd (06-11-2008 rd)

vuq"kafx;k¡i) ih,uch fxYV~l fyfeVsMii) ih,uch gkmflax iQkbuasl fyfeVsMiii) iatkc uS'kuy cSad (baVjuS'kuy) fyfeVsM ;wdsiv) ih,uch buosLVesaV lfoZlst+ fyfeVsMlg;ksxhi) ,ojsLV cSad fyfeVsMii) fçalhiy ih,uch ,lsV eSustesaV da- çk- fy-iii) fçalhiy VªLVh da- çk- fy-iv) ih,uch fçalhiy iQkbusaf'k;y IySuj çk-fy-v) ih,uch fçalhiy bU';ksjsal czksfdax çk- fy-vi) ;wVhvkbZ vlsV eSustesaV dEiuhvii) ;wVhvkbZ VªLVh dEiuh çk-fy-viii) vlsV ds;j ,UVjçkbtsl fy-ix) fçalhiy ih,uch ykbiQ ba';ksjsl da- fy-x) eè; fcgkj xzkeh.k cSd] iVukxi) gfj;k.kk xzkeh.k cSad] jksgrdxii) fgekpy xzkeh.k cSad] e.Mhxiii) iatkc xzkeh.k cSad] diwjFkykxiv) jktLFkku xzkeh.k cSad] vyojxv) loZ ;wih xzkeh.k cSad] esjB

lac¼ ikfVZ;ksa ds lkFk ysu&nsu*(yk[k #i;ksa esa)

en@lEcfU/r lg;ksxh eq[; çcU/u eq[; çcU/uikVhZ dkfeZd dkfeZdksa ds fj'rsnkj

2008&09 vf/dre 2008&09 vf/dre 2008&09 vf/drecdk;k jkf'k cdk;k jkf'k cdk;k jkf'k

ikfjJfed 39.28

(43.04)

m/kj

tekjkf'k 1753.61 6739.58 9.40 9.40 0.00 0.00

(364.26) (3396.66) (21.94) (25.30) (3.44) (3.44)

tek jkf'k dgkaj[kh x;h

vfxze (0.00) (0.00) 0.00 0.00

(337.11) (337.11) (18.06) (18.84)

'ks;j iw¡th esa 36443.35 36443.35

fuos'k (35999.78) (35999.78)

½.k i=kksa esa 778.80 778.80

fuos'k (0.00) (0.00)

x+Sj fuf/d 0.00 0.00

opu c¼rk,a (2713.00) (3683.00)

lanÙk C;kt 1.86 ykxw 0.13 0.00 ykxw(0.80) ugha (1.67) (0.17) ugha

çkIr C;kt 48.81 ykxw ykxw 0.00 ykxw(0.00) ugha ugha (1.68) augha

lsok,a çkIr djuk — ykxw ugha

lsok,a çnku djuk 0.00 ykxw(267.86) ugha

çcU/u lafonk,a 15.00 ykxw(25.00) ugha

çkIr ykHkka'k 1000.00 ykxw ugha

*eSustesaV }kjk rS;kj ,oa çekf.kr(dks"Bd esa fn, x, vkadM+s xr o"kZ ls lEcfU/r gSa)

PNB 136-176.pmd 6/24/2009, 6:09 PM165

166

The transactions with the subsidiaries and certain associates have

not been disclosed in view of para-9 of AS-18 ‘Related Party

Disclosure’, which exempts state controlled enterprises from making

any disclosures pertaining to their transactions with other related

parties, which are also state controlled.

4.8 AS 19 - Leases

a) Financial Leases:

• Value of assets acquired on financial lease and included

in other fixed assets including furniture and fixture.

Value of assets acquired under financial lease: Rs.41.65

lacs. The amount of depreciation provided thereon:

Rs.22.11 lacs up to 31st

March 2009. The written down

value as on 31st

March 2008: Rs.19.54 lacs.

• Minimum Lease Payment due not later than one year:

Min. Lease Payment Rs. 14.78 lacs

Present value of Min. Lease Payment Rs. 12.81 lacs

Interest included in Min. Lease payment Rs. 1.96 lacs

• Minimum Lease Payment due later than one year but

not later than five years:

Min. Lease Payment Rs. 4.76 lacs

Present value of Min. Lease Payment Rs. 3.44 lacs

Interest included in Min. Lease payment Rs. 1.32 lacs

• Minimum Lease Payment due later five years: NIL

b) Operating Leases:

Information on operating lease is not ascertained.

4.9 AS 20 - Earnings Per Share

(Rs.)

Particulars As on 31.03.2009 As on 31.03.2008

Earning per Share

Basic 101.40 69.87

Diluted * 101.40 69.87

Amount used as 3197.03 2203.09

numerator Profit

after tax

(Rs. In Crores)

Nominal value 10/- per share 10/- per share

of shares

Weighted average 31,53,02,500 31,53,02,500

number of equity

shares used as the

denominator

* There are no diluted potential shares.

4.10 AS 22 - Accounting for Taxes on Income

Major components of deferred tax assets and liability are set

out below:

(Rs. In Crores)

Particulars As on As on

31.03.2009 31.03.2008

Deferred Tax Assets

Provision for bad & doubtful debts 7.05 5.32

Provision for leave encashment 302.22 256.95

vuq"kafx;ksa vkSj dqN lg;ksxh laLFkkvksa ds lkFk ysunsuksa dk ys[kk ekud&18¶lEcfU/r ikVhZ çdVhdj.k¸ ds iSjk 9 ds en~nsutj çdVhdj.k ugha fd;kx;k gS tks LVsV daVªksy ,aVjçkbft+t+ dks mudh vU; lEcfU/r ikfVZ;ksa lslEcfU/r ysunsuksa esa ls fdlh dk Hkh çdVhdj.k djus ls NwV nsrk gS tksjkT; }kjk fu;af=kr Hkh gSaA

4-8 ys[kk ekud 19 & iV~Vsd) foÙkh; iV~Vss

• foÙkh; iV~Vs ij yh xbZ vkfLr;ksa dk ewY; vkSj iQuhZpj ofiQDlpj lfgr vU; vpy vkfLr;ksa esa lfEefyrA foÙkh;iV~Vksa ds vUrxZr o"kZ ds nkSjku vf/x`ghr vkfLr;ksa dk ewY;41-65 yk[k #i;s gSA ml ij fd, x, ewY;ßkl dh çko/kudh jkf'k 31-03-2009 rd 22-11 yk[k #i;s gS A 31-03-2008dks vifyf[kr ewY; :i;s 19-54 yk[k #i;s gSA

• ,d o"kZ ls vuf/d esa U;wure lans; iV~Vk Hkqxrku %

U;wure iV~Vk Hkqxrku #i;s 14-78 yk[k

U;wure iV~Vk Hkqxrku dk orZeku ewY; #i;s 12-81 yk[k

U;wure iV~Vk Hkqxrku esa lfEefyr C;kt #i;ss 1-96 yk[k

• ,d o"kZ ls vf/d fdUrq 5 o"kZ ls vuf/d esa lans; U;wureiV~Vk Hkqxrku

U;wure iV~Vk Hkqxrku #i;ss 4-76 yk[k

U;wure iV~Vk Hkqxrku dk orZeku ewY; #i;s 3-44 yk[k

U;wure iV~Vk Hkqxrku esa lfEefyr C;kt #i;s 1-32 yk[k

• ik¡p o"kZ ds ckn lans; U;wure iV~Vk Hkqxrku % 'kwU;

[k) ifjpkyu xr iV~Vk

ifjpkyu iV~Vs lEcU/h lwpuk dk vuqeku ugha yxk;k tk ldrk gSA

4-9 ys[kk ekud 20 % çfr 'ks;j vtZu

fooj.k 31-03-2009 dks 31-03-2008 dks

çzfr 'ks;j vtZu (#i;s esa)ewy 101.40 69.87

ruqÑr* 101.40 69.87

va'k ds :i esa dj ds 3197.03 2203.09

i'pkr~ ykHk dh jkf'k(#- djksM+ esa)

'ks;jksa dk vafdr ewY; 10/- per share 10/- per share

nj ds :i esa mi;ksx 31,53,02,500 31,53,02,500

fd, x, bfDoVh 'ks;jksadh Hkkfjr vkSlr la[;k

*dksbZ ruÑr lEHkkO; 'ks;j ugha gSA

4-10 ys[kk ekud 22 & vk; ij djksa ds laca/ esa ys[kkadu

vkLFkkfxr dj ns;rkvksa vkSj vkfLr;ksa ds çeq[k la?kVd fuEufyf[kr gSa% (#i;s djksM+ esa)

fooj.k 31-03-2009 dks 31-03-2008 dks

vkLFkfxr dj vkfLr;k¡

v'kksè; ,oa lafnX/ ½.kksa ds fy, çko/ku 7.05 5.32

NqV~Vh udnhdj.k ds fy, çko/ku 302.22 256.95

PNB 136-176.pmd 6/24/2009, 6:09 PM166

167

Particulars As on As on

31.03.2009 31.03.2008

Provision for Pension & Gratuity 1.23 Nil

Statutory Liabilities u/s 43B 4.15

Others 0.00 1.49

Total 314.65 263.76

Deferred Tax Liabilities

Depreciation on fixed assets 21.27 28.23

Statutory Liabilities u/s 43B 0.00 0.37

Others 0.00 Nil

Total 21.27 28.60

Deferred Tax Assets/ 293.38 235.16

(Liability)-Net

In respect of PNB Housing Finance Ltd., as per the opinion of

the Expert Advisory Committee of the ICAI, the company is

required to create provision of deferred tax liability on special

reserve created and maintained u/s 36(1)(viii) of the Income

Tax Act, 1961. Since the opinion is not binding and also as

per prevalent practice amongst Housing Finance Companies,

the company has not made such provision.

4.11 AS 28 - Impairment of Assets

A substantial portion of the bank’s assets comprise of ‘financial

assets’ to which Accounting Standard 28 ‘Impairment of Assets’

is not applicable. In the opinion of the bank, there is no

impairment of its assets (to which the standard applies) to any

material extent as at 31st

March 2009 requiring recognition in

terms of the said standard. However, as a measure of abundant

caution, an ad-hoc provision of Rs.5 Crores already made in

earlier years is continued in the accounts.

4.12 AS 29 - Provisions, Contingent Liabilities and

Contingent Assets

a) Movement of provisions for liabilities *

(Rs. In Crores)

Particulars Salary arrears Legal cases/

under contingencies

negotiation

Balance as at 1st

April 2008 100.00 12.13

Provided during the year 500.00 1.96

Amounts used during the year NIL NIL

Reversed during the year NIL NIL

Balance as at 31st

March 2009 600.00 14.09

Timing of outflow/ On finalization Outflow on

uncertainties of wage settlement or

settlement crystallization.

* Excluding provisions for others

fooj.k 31-03-2009 dks 31-03-2008 dks

iSa'ku o xzSP;qVh ds fy, çko/ku 1.23 Nil

/kjk 43 ch ds vUrxZr lkafof/d ns;rk 4.15

vU; 0.00 1.49

tksM+ 314.65 263.76

vkLFkfxr dj ns;rk,a

vpy vkfLr;ksa ij ewY;ßkl 21.27 28.23

vU; 0.00 0.37

tksM+ 21.27 28.60

vkLFkfxr dj vkfLr;ka @ 293.38 235.16

(ns;rk) 'kq¼

ih,uch gkmflax iQkbuSal fyfeVsM ds lEcU/ esa vkbZlh,vkbZ dhfo'ks"kK lykgdkj lfefr dh jk; ds vuqlkj dEiuh dks l`ftrfo'ks"k çkjf{kr fuf/;ksa ij vkLFkfxr dj ns;rk dk çko/ku djuk vkSjvk;dj vf/fu;e 1961 dh /kjk 36 (1)(viii) ds v/hu j[kukvisf{kr gSA pwafd ;g jk; ckè;dkjh ugha gS vkSj gkmflax iQkbuSaldEifu;ksa ds chp Hkh ,slk çpyu ugha gS vr% dEiuh us ,slkçkoèkku ugha fd;k gSA

4-11 ys[kk ekud 28 &vkfLr;ksa dh vilkekU;rk

cSad dh vkfLr;ksa esa i;kZIr fgLlk foÙkh; vkfLr;ksa* dk gS ftl ijys[kkadu ekud 28 ^vkfLr;ksa dh vilkekU;rk* ykxw ugha gSA cSaddh jk; esa bldh vkfLr;ksa dh mDr ekud dh 'krkZ/hu visf{krigpku ds fy;s 31 ekpZ 2009 dks fdlh egRoiw.kZ lhek rdvilkekU;rk ugha gS (ftl ij ekud ykxw gksrk gS) rFkkfi] çpqjlko/kuh ds mik; Lo:i iwoZ o"kks± esa fd;k x;k #i;s 5 djksM+ dkrnFkZ çko/ku tkjh j[kk x;k gSA

4-12 ys[kk ekud 29 &çko/ku] vkdfLed ns;rk,a vkSj vkdfLedvkfLr;ka

d) ns;rkvksa ds fy, çko/kuksa dk ewoesaV*(#i;s djksM+ esa)

fooj.k osru le>kSrs ds dkuwuh [email protected] osru cdk;k vkdfLedrk,a

1 vçSy] 2008 dks 'ks"k 100.00 12.13

o"kZ ds nkSjku çko/ku 500.00 1.96

o"kZ ds nkSjku ç;qDr jkf'k;ka 'kwU; 'kwU;

o"kZ ds nkSjku iyVk x;k 'kwU; 'kwU;

31ekpZ 2009 dks 'ks"k 600.00 14.09

cfgokZg@vfu'p;ksa dk le; osru le>kSrs ds le>[email protected] gksus ij ij cfgokZg

*vU; ds fy, çko/kuksa dks NksM+dj

PNB 136-176.pmd 6/24/2009, 6:09 PM167

168

b) Break up of “Provisions and Contingencies” shown under

the head Expenditure in Profit and Loss Account is as follows

(Rs. In Crores)

Particulars Year ended Year ended

31.03.2009 31.03.2008

Provisions for depreciation

on investment -216.34 104.17

Provision towards NPAs 823.08 279.16

Floating provisions for NPAs 0.51 100.00

(over and above RBI

provisioning norms)

Provision towards

Standard Assets 72.34 139.68

Provision made towards

Income Tax (including

FBT & Wealth Tax ) 1716.89 1286.73

Others Provision &

Contingencies 337.56 97.96

Total 2734.04 2007.70

4.13Break-up of Floating Provisions is as follows

(Rs. in crore)

Particulars 31.03.2009 31.03.2008

Opening balance as on 1080.00 980.00

01.04.2008/01.04.2007

Quantum of floating 60.00 100.00

provisions made

during the year

Purpose and amount -59.49* NIL

of draw down made

during the year

Closing balance as 1080.51 1080.00

on 31.03.2009/31.03.2008

*For meeting the ineligible charges/Interest (Rs. 59.49 crores) on

Agriculture loan accounts covered under Agriculture Debt Waiver

and Debt Relief Scheme, 2008 in terms of RBI Circular No.

DBOD.BP.BC.48/21.4.048/2008-09 dated 22.9.2008

4.14 Refer Schedule-12 on Contingent Liabilities

Such liabilities are dependent upon, the outcome of Court/

arbitration/out of court settlement, disposal of appeals, and

the amount being called up, terms of contractual obligations,

devolvement and raising of demand by concerned parties,

respectively. No reimbursement is expected in such cases.

5. Other Notes

5.1 As per RBI guidelines, the Bank worked out the amount of

Inter Branch Credit entries outstanding for more than 5 years

to create a Blocked Account. Accordingly, a sum of Rs. 41.36

Crores (net of adjustments since carried out) has been

included under “Other Liabilities - others” in Schedule-5.

As against claims of Rs. 1.85 lacs, received during the year,

against Blocked Account of Inter Branch Credit entries,

pertaining to the period up to 31.03.1999, a sum of Rs. 1.38

lacs has been transferred from General Reserves and balance

Rs. 0.46 lacs has been debited to Profit and Loss Account.

[k) ykHk o gkfu [kkrs esa O;; 'kh"kZ ds vUrxZr n'kkZ;s x;s ¶çkoèkku ovkdfLedrk,a¸

(#i;s djksM+ esa)

fooj.k 31-03-2009 31-03-2008dks lekIr o"kZ dks lekIr o"kZ

fuos'kksa ij ewY;ßkl gsrq çko/ku -216.34 104.17

vutZd vkfLr;ksa ds fy, çko/ku 823.08 279.16

vutZd vfLr;ksa ds fy, Ý+yksfVax 0.51 100.00

çko/ku (Hkkjrh; fjt+oZ cSad dsçko/kuhdj.k ekun.Mksa ls vkf/da)

ekud vkfLr;ksa ds fy, çko/ku 72.34 139.68

vk;dj ds çfr fd;k x;k çko/ku 1716.89 1286.73

(,iQchVh vkSj /udj lfgr)

vU; çko/ku ,oa vkdfLed % 337.56 97.96

tksM+ 2734.04 2007.70

4-13 ÝyksfVax çko/kuksa dk fooj.k fuEufyf[kr gS %(#i;s djksM+ esa)

fooj.k 31-03-2009 31-03-2008dks lekIr o"kZ dks lekIr o"kZ

01-04-2008@01-04-2007 1080.00 980.00

dks çkjfEHkd 'ks"k

o"kZ ds nkSjku fd, x, 60.00 100.00

Ý+yksfVax çko/ku dh ek=k

o"kZ ds nkSjku fd, x, vkgj.k ls -59.49* 'kwU;gqbZ fxjkoV dh jkf'k vkSjmldk mn~ns';

31-03-2009@31-03-2008 dks bfr'ks"k 1080.51 1080.00

*(i) Hkkjrh; fjt+oZ cSad ds 22-09-2008 ds ifji=k la[;k MhchvksMh chihch-lh 48@21-4-048@ 2008&09 ds vuqlkj Ñf"k ½.k ekiQh rFkk ½.k jkgr;kstuk 2008 ds vUrxZr vkus okys Ñf"k ½.k [kkrksa ds vik=k çHkkjksa@C;kt(#i;s 59-49 djksM+) dks iwjk djus ds fy,A

4-14 vkdfLed ns;rkvksa ds laca/ esa vuqlwph &12 ns[ksa %

,slh ns;rk,a vnkyr@eè;LFk @vnkyrh le>kSrksa ds fu"d"kks±] vihyksads fuiVku] ekaxh tk jgh jkf'k] lafonkxr nkf;Roksa dh 'krks±] lEc¼ikfVZ;ksa }kjk mBkbZ xbZ ek¡xksa ij Øe'k% vkfJr gSa A ,sls ekeyksa esa dksbZçfriwfrZ laHkkfor ugha gSA

5- vU; fVIif.k;ka

5-1 Hkkjrh; fjt+oZ cSad ds ekxZfunZs'kksa ds vuqlkj cSad us 5 o"kZ ls vfèkddh cdk;k var%'kk[kk ØsfMV çfof"V;ksa dh jkf'k dk vo#¼ [kkrscukus ds fy, irk yxk;k gSA rnuqlkj #-41-36 djksM+ dh jkf'k(lek;kstu djus ds ckn dh 'kq¼ jkf'k) dks vuqlwph 5 esa ¶vU;ns;rk,a&vU;¸ 'kh"kZ ds vUrxZr vyx ls n'kkZ;k x;k gSA

pkyw o"kZ ds nkSjku] 31-03-1999 rd dh vof/ ls lEcfU/r #i;s1-85 yk[k ds nkoksa ds çfr çkIr gq,] #i;s 1-38 yk[k #i;s dh jkf'klkekU; çkjf{kfr;ksa ls varfjr dh xbZ rFkk 'ks"k #i;s 0-46 yk[k ykHko gkfu [kkrs ls MsfcV fd, x, A

PNB 136-176.pmd 6/24/2009, 6:09 PM168

169

5.2 There are current and old unadjusted entries outstanding in

inter branch and central office account, balances with Reserve

bank of India and Other banks (including foreign banks),

suspense, sundries, bills payable, currency chest transfers,

clearing, remittance in transit etc. pending identification /

adjustment having inter-se effect in balances. The bank is

taking continuing steps to review / adjust the outstanding.

Reconciliation of entries outstanding as on 31.03.2009 in

inter branch accounts is in progress and in the opinion of the

management consequential impact thereof on revenue/

assets/liabilities will not be material.

5.3 The classification of advances, as certified by the

incumbent in charge has been incorporated in respect of

unaudited branches.

5.4 The Bank has issued a Letter of Comfort in respect of its

subsidiary Punjab National Bank (International) Ltd. in UK,

to Financial Services Authority (FSA), the regulator in

United Kingdom, committing that the bank shall provide

financial support to Punjab National Bank (International)

Ltd., UK so that it meets its financial commitments if they

fall due. However, no financial obligation has arisen as on

31st March 2009.

5.5 Premises include properties amounting to Rs. 12.78 Crores

(Net of Depreciation) {Cost Rs.17.37 Crores} awaiting

registration of title deeds. Premises include capital work

in progress of Rs. 75.86 Crores.

5.6 No provision is considered necessary in respect of disputed

Income Tax and Fringe Benefit Tax demands of Rs.1155.15

crores (previous year Rs. 846.14 crore) as in the bank’s

view, duly supported by expert opinion and/or decision

in bank’s own appeals on same issues, additions /

disallowances made are not sustainable. Against these

disputed demands, Rs. 1094.83 crores (previous year

Rs.801.13 crores) has been paid

5.7 i) In terms of Agriculture Debt Waiver and Debt Relief

scheme, 2008, framed by Government of India, an

amount of Rs. 1149.89 crores has been waived and

preliminary claim has been lodged with Reserve Bank of

India, against which bank has received the 1st

installment

of Rs. 467.17 crores, being 41% of claim lodged. Further,

an amount of Rs. 935.87 crores, has been worked out as

eligible under the scheme for debt relief, subject to

fulfillment of conditions attached thereto, for which claim

will be lodged with Reserve Bank of India. The said claims

are subject to certification by Statutory Central Auditors.

ii) In respect of Debt Relief, bank has made a provision

of Rs. 60.00 Crores against loss in Present Value terms

on amount receivable from eligible farmers by utilizing

the existing provision held under IRAC Norms.

5.8 The bank is claiming the interest subvention in short-term

production crop loans on the outstanding balances.

Certain observations, including on the modalities of

claiming interest subvention observed by the Auditors

have been referred to RBI and are awaiting reply. In the

opinion of the Management, it will not have any material

impact on the financials of the Bank.

5-2 vUr% 'kk[kk vkSj dsUæh; dk;kZy; ys[kksa esa Hkkjrh; fjt+oZ cSad ds iklrFkk vU; cSadksa (fons'kh cSadksa lfgr) esa 'ks"k mpar] iQqVdj] lans;fcy] ekxZLFk foçs"k.k vkfn esa pkyw vkSj iqjkuh xSj lek;ksftrçfof"V;k¡ cdk;k gSa ftudh leh{kk vkSj lek/ku gksuk gSA cSad bu[kkrksa dh leh{kk vkSj lek/ku ds fy, fujUrj mik; dj jgk gSA 31-03-2009 dh fLFkfr ds vuqlkj vUr% 'kk[kk [kkrksa esa cdk;k çfof"V;ksads lek/ku dk dk;Z py jgk gS vkSj eSustesaV ds fopkj esa mudsifj.kkeLo:i tks çHkko gksxk og jktLo@vkfLr;ksa@ns;rkvksa ij ux.;gh gksxkA

5-3 xS+j ys[kkijhf{kr 'kk[kkvksa ds laca/ esa 'kk[kkvksa ds çHkkjh in/kfj;ksa}kjk çekf.kr vfxzeksa dk oxhZdj.k 'kkfey dj fy;k x;k gSA

5-4 cSad us viuh ;w-ds- esa fLFkr vuq"kaxh iatkc uS'kuy cSad (baVjuS'kuy)fyfeVsM ds lEcU/ esa çfrc¼rk n'kkZrs gq, iQkbusaf'k;y lfoZlstvFkkWfjVh] ;w-ds- dks ,d vk'oklu i=k tkjh fd;k gS ftlesa ;g opufn;k x;k gS fd cSad iatkc uS'kuy cSad (baVjuS'kuy) fyfeVsM];w-ds- dks foÙkh; lgk;rk nsxk rkfd og viuh foÙkh; çfrc¼rkvksadks iwjk dj lds] ;fn os ns; gks tk,aA cgjgky] 31-03-2009 rddksbZ foÙkh; nkf;Ro ugha vk;k gSA

5-5 #i;s 12-78 djksM+ (ewY;ßkl gVkdj) {#i;s 17-37 djksM+ ykxr}dh jkf'k dh lEifÙk lesr ifjljksa ds fy, VkbVy MhM~l dkiathdj.k fd, tkus dh çrh{kk gSA ifjljksa esa #i;s 75-86 djksM+ dkiw¡thxr çxfr dk;Z lfEefyr gSA

5-6 #i;s 1155-15 djksM+ (fiNys o"kZ 846-14 djksM+ #i;s) dh fookfnrvk;dj ekax rFkk vuq"kaxh ykHk dj ekaxksa gsrq dksbZ çko/ku djukvko';d ugha le>k x;k D;ksafd cSad dh jk; esa fu/kZj.k vf/dkjh}kjk fd, x, ifjo/Zu@ukeaT+kwfj;ka oS/ ugha gS rFkk bl ij fo'ks"kKdh jk; ,oa cSad dh vihyksa ij gq, fu.kZ;ksa dk Hkh vuqleFkZu gSA bufookfnr ekaxksa ds lanHkZ esa #i;s 1094-83 djksM+ (fiNys o"kZ #i;s801-13 djksM+) dk Hkqxrku fd;k x;kA

5-7 i) Hkkjr ljdkj }kjk cukbZ xbZ Ñf"k ½.k ekiQh rFkk ½.k jkgr ;kstuk2008 ds vuqlkj #i;s 1149-89 djksM+ dh jkf'k ekiQ dh xbZ vkSjHkkjrh; fjt+oZ cSad ds ikl mlds lEcU/ esa çkFkfed nkok Hkst fn;kx;k gSA bl çdkj nkos dh jkf'k esa ls 41» vFkkZr~ #i;s 467-17 dhigyh fdLr çkIr gks xbZ gSA lkFk gh ½.k jkgr ;kstuk ds vUrxZrik=k jkf'k ds :i esa #i;s 935-87 djksM+ dk fglkc yxk;k x;k gSc'krZs fd ;kstuk dh 'krs± iwjh gks tk,a ftlds fy, Hkkjrh; fjt+oZ cSadds ikl nkok nk;j fd;k tk;sxkA mDr nkos lkafof/d dsUæh; ys[kkijh{kdksa }kjk çekf.kr fd, tkus ds ckn Lohdk;Z gksaxsA

ii) tgka rd ½.k jkgr ;kstuk dk lEcU/ gS vkbZvkj,lh ekun.M+ksads vUrxZr orZeku çko/kuksa dk mi;ksx djrs gq, ik=k fdlkuksa lsçkIr jkf'k ij orZeku ewY; ds lanHkZ esa ?kkVs ds fo#¼ cSad us 60-00djksM+ #i;s dk çko/ku fd;k gSA

5-8 vYikof/ i+Qly mRiknu ½.kksa ds cdk;k 'ks"kksa ij C;kt ds laca/ esa

vkfFkZd lgk;rk çkIr djus ds fy, cSad nkos çLrqr dj jgk gSA ys[kk

ijh{kdksa }kjk C;kt laca/h vkfFkZd nkos çkIr djus dh çfØ;kvksa ls

lEc¼ dqN fVIif.k;k¡ Hkkjrh; fjt+oZ cSad dks Hksth xbZ gSa vkSj muds

mÙkj çrhf{kr gSaA eSustesaV ds fopkj ls cSad dh foÙkh; fLFkfr ij

mldk dksbZ fo'ks"k çHkko ugha gksxkA

PNB 136-176.pmd 6/24/2009, 6:09 PM169

170

5.9 The Bank has implemented Basel II during the year 2007-

08. In respect of calculation of Capital Adequacy Ratio as

per Basel-I and Base-II the discrepancies/data errors

noticed/reported were addressed at COs/HO level. Based

on this exercise, the Bank is of the view that, un-rectified

deficiencies will not have significant impact on the overall

reported Capital Adequacy Ratio.

5.10 During the year certain advances given to realtors have

been considered as standard, even though there was

shortfall in the actual value of the security considered as

stipulated in the sanction. In view of the Management

there is no threat to recovery.

5.11 Premises of the bank (other than those under dispute)

capitalized on or before 31.03.2006 have been revalued

at Rs. 2148.76 crores on 01.04.2007 as per the values

determined by the approved valuers and the resultant

net appreciation of Rs. 1263.80 crores has been credited

to the Capital Reserve (Revaluation Reserve) Account.

5.12. The bank has made an ad-hoc provision of Rs. 500 crores

(previous year Rs. 100 crores) during the current financial

year making cumulative provision of Rs. 600 crores,

pending finality on the wage revision negotiations, and

for post retirement medical benefits.

5.13 Sacrifice (Diminution in fair value) on restructured

advances of Rs. 25 crores and above and CDR cases has

been calculated on net present value basis as per RBI

circular. In case of restructured advances of Rs. 1 crore to

Rs. 25 crores, sacrifice is calculated at Rs. 100.88 crores

@ 5% of the amount outstanding besides advances below

Rs. 1 crore.

6. Figures of the corresponding previous year have been

regrouped/ rearranged/reclassified wherever considered

necessary.

5-9 cSad us o"kZ 2007&08 ds nkSjku csly&AA ykxw fd;k gSA csly&I vkSjcsly&II ds vuqlkj iw¡th i;kZIrrk vuqikr laca/h x.kuk ds ckjs esa tksdfe;k¡@vk¡dM+ksa dh x+yfr;k¡ ikbZ xb±@lwfpr dh xb± mUgsa eaMydk;kZy;ksa@ç/ku dk;kZy; Lrj ij Bhd fd;k x;kA bl dkjZokbZ dsvk/kj ij cSad dk ;g fopkj gS fd ftu dfe;ksa dks nwj ughaa fd;ktk ldk gS mldk cSad ds lexz iw¡th i;kZIrrk vuqikr ij dksbZegRoiw.kZ çHkko ugha iM+sxkA

5-10 o"kZ ds nkSjku fjvYVjksa dks fn, x, dqN ,sls vfxzeksa dks Hkh ekud½.kksa ds :i esa eku fy;k x;k gS ftuesa LohÑfr ds le; fu/kZfjrçfrHkwfr dh dher okLro esa de gks x;h Fkh A eSustesaV ds fopkjesa olwyh ds fy, dksbZ [krjk ugha gSA

5-11 31-03-2006 dks ;k mlls iwoZ dSfiVykbT+M cSad ds ifjljksa (mulsfHkUu tks fookfnr gSa) dk vuqeksfnr ewY;kadudÙkkZvksa }kjk fu/kZfjrewY;ksa ds vuqlkj 01-04-2007 dks #i;s 2148-76 djksM+ ij iquewZY;ufd;k x;k vkSj blds ifj.kkeLo:i :i;s 1263-80 djksM+ dh 'kq¼ewY; o`f¼ dks iw¡thxr çkjf{kr [kkrs (iquewZY;u çkjf{kfr;k¡) esa tekfd;k x;k gSA

5-12 osrueku la'kks/u dh ckrphr ds iwjk gksus ls iwoZ rFkk lsokfuo`fÙk dsi'pkr~ fpfdRlk ykHkksa ds fy, cSad us orZeku foÙkh; o"kZ esa #i;s500 djksM+ (fiNys o"kZ #i;s 100 djksM+) dk çko/ku fd;k gSftlls bl lanHkZ esa lap;h çko/ku #i;s 600 djksM+ dk gks x;k gSA

5-13 #i;s 25 djksM+ vkSj mlls vf/d ds iqu%lajfpr vfxzeksa rFkklhMhvkj ekeyksa esa NksM+h tkus okyh jkf'k (mfpr ewY; esa deh) dhx.kuk Hkkjrh; fjt+oZ cSad ds ifji=k ds vuqlkj 'kq¼ orZeku ewY; ijdh xbZ gSA #i;s 1 djksM+ ls 25 djksM+ rd ds iqu% lajfpr vfxzeksads ekeys esa NksM+h tkus okyh vFkkZr~ eki+Qh dh jde dh x.kuk1 djksM+ #i;s ls de ds vfxzeksa ds vykok #i;s 100-88 djksM+ dhnj ls jkf'k ds 5» ij dh tkrh gS A

6- tgka dgha vko';d le>k x;k gS rnuq:ih xr o"kZ ds vkadM+ksa dkiqu%lewgu@iquO;[email protected] dj fy;k x;k gSA

PNB 136-176.pmd 6/24/2009, 6:09 PM170

171

rqyu i=k ds lkFk layXu 31 ekpZ] 2009 dks lekIr o"kZ ds fy, lesfdr udnh izokg fooj.k & i=kConsolidated Cash Flow Statement Annexed to the Balance Sheet For the year ended 31st March 2009

(#i;s djksM+ esa) (Rs. in Crores)

2008-09 2007-08

1 vizSy 2008 ls 31 ekpZ 2009 dh vof/ ds fy, /For the period from 1st

April, 2008 to 31st March, 2009

d ifjpkyu dk;Zdykiksa ls udnh çokgA. Cash Flow from Operating Activities

dj ds i'pkr~ 'kq¼ ykHkI) Net Profit after Tax 3,131.56 2,130.32

tksfM+;s % lg;ksxh daifu;ksa esa vtZu dk va'kAdd: Share of Earning in Associates 68.54 83.59

vYiak'k fgr ls iwoZ 'kq¼ ykHkNet Profit before Minority’s Interest 3,200.10 2,213.91

tksfM+;s % dj ds fy, çko/ku (vkLFkfxr dj dks NksM+dj)Add:Provision for Tax (Net of deferred tax) 1,716.89 1,286.72

djksa ls iwoZ ykHkProfit before taxes (i) 4,916.99 3,500.63

II) fuEu ds fy, lek;kstu %Adjustment for :

ewY;ßkl çHkkj (ldy)Depreciation Charges (Gross) 216.79 194.30

?kVk;sa % iqueZwY;kadu çkjf{kr fuf/ ls vkgfjr jkf'kLess:Amount drawn from Revaluation Reserve -21.95 -21.95

vutZd vkfLr;ksa ds fy, çko/ku] vutZd rFkk cV~Vs [kkrs Mkys x;s v'kksè; ½.kksa ds fy, Ý+yksfVax çko/kuProvision for NPAs,Floating Provision towards NPAs & Bad Debts Write off 829.99 390.03

ekud vkfLr;ksa vkSj iqu% lajfpr ekud [kkrksa ds fy, çko/kuProvision on Standard Assets & Standard Restructured Accounts 258.19 142.46

vU; çko/ku ('kq¼)Other Provisons (net) 145.31 93.93

ewY;ßkl@(ekspu)] cV~Vs [kkrs Mkyuk] fuos'kksa ij izko/ku ('kq¼)Depreciation/(Release) Write off, Provision on Investment(net) -216.34 104.17

vuq"kaxh @vU; (fuos'k dk;Zdyki) ls ykHkka'kDividend from Subsidiary / other (investing activity) 0.00 -2.25

ca/i=kksa ij C;kt (foÙkh;u dk;Zdyki)Interest on Bonds (Financing Activity) 567.84 357.44

vpy vkfLr;ksa dh fcØh ls ykHk@ gkfu ('kq¼)Profit /Loss on sale of Fixed Assets (net) -1.75 -1.11

ifjpkyu vkfLr;ksa o ns;rkvksa esa ifjpkyu ls iwoZ ifjpkyu ykHk (ii) 1,778.08 1,257.02

Operating Profit before changes in operating assets and Liabilities (i+ii) 6,695.07 4,757.65

iii) ifjpkyu vkfLr;ksa o ns;rkvksa esa 'kq¼ ifjorZu ds fy, lek;kstuAdjustment for net change in Operating Assets and Liabilities

fuos'kksa esa deh @(o`f¼)Decrease / (Increase) in Investments -9,297.79 -8,708.90

vfxzeksa esa deh @(o`f¼)Decrease / (Increase) in Advances -37,706.47 -23,721.94

vU; vkfLr;ksa esa deh@(of¼)Decrease / (Increase) in Other Assets -738.84 255.87

tekjkf'k;ksa esa o`f¼ @ (deh)Increase / (Decrease) in Deposits 43,742.15 26,977.25

m/kjksa esa o`f¼ @ (deh)Increase / (Decrease) in Borrowings 304.77 3,795.08

vU; ns;rkvksa o çko/kuksa esa o`f¼ @(deh)(Increase) / Decrease in other Liabilities & Provisions 878.38 675.04

(iii) -2,817.80 -727.60

tkjh---@Cont.

PNB 136-176.pmd 6/24/2009, 6:09 PM171

172


ifjpkyuksa ls mRiÂ udnhCash generated from Operations (i+ii+iii) 3,877.27 4,030.05

çnÙk dj (okilh dks NksM+dj)Tax Paid (net of refund) -1,654.78 -1990.53

ifjpkyu dk;Zdykiksa ls 'kq¼ udnh

Net Cash from Operating Activities (d)@(A) 2,222.49 2,039.52

[k fuos'k dk;Zdykiksa ls udnh çokg

B. Cash Flow from Investing Activities

vpy vkfLr;ksa dh [k+jhn (fcØh dks NksM+dj)

Purchase of Fixed Assets (net of sales) -298.64 -216.76

vuq"kaxh daifu;ksa@la;qDr m|eksa@{ks=kh; xzkeh.k cSadksa ls çkIr ykHkka'k

Dividend received from Subsidiaries/ JV / RRBs 0.00 2.25

vuq"kaxh daifu;ksa@la;qDr m|eksa@{ks=kh; xzkeh.k cSaadksa esa fuos'k

Investments in Subsidiaries /JV/RRBs -5.02 -239.89

vU; fuos'k

Other Investments 0.00 0.26

fuos'k dk;Zdykiksa esa mi;ksx dh xbZ 'kq¼ udnh

Net Cash used in investing Activites ([k)@(B) -303.66 -454.14

x foÙkh;u dk;Zdykiksa ls udnh çokg

C. Cash Flow from Financing Activities

tkjh@izfrns; ca/i=k (fV;j&A o AA)

Bonds (Tier I & II) Issued/Redemption 1,930.50 2,470.00

ca/i=kksa ij çnÙk C;kt

Interest paid on Bonds -567.84 -357.43

ykHkka'k dk Hkqxrku@ykHkka'k ij fuxfer dj

Payments of Dividends/Corporate tax on Dividend -484.01 -237.27

vU; ½.kOther Loans 0.00 -111.09

foÙkh;u dk;Zdykiksa ls 'kq¼ udnh

Net Cash from Financing Activities (x)@(C) 878.65 1,764.21

?k udnh rFkk udnh rqY;ksa esa 'kq¼ ifjorZUk (d$[k$x)

D. Net Change in Cash and Cash Equivalents (A+B+C) 2,797.48 3,349.59

o"kZ ds çkjEHk esa udnh rFkk udnh rqY;

Cash and Cash Equivalents at the beginning of the year

Hkkjrh; fjt+oZ cSad ds ikl udnh o 'ks"k

Cash and Balance with Reserve Bank of India 15,259.14 12,372.51

cSadksa ds ikl 'ks"k rFkk ek¡x o vYi lwpuk ij izkI; /u

Balance with Banks & Money at Call & Short Notice 3,968.53 19,227.67 3,505.57 15,878.08

o"kZ ds vUr esa udnh o udnh rqY;

Cash and Cash Equivalents at the end of the year

Hkkjrh; fjt+oZ cSad ds ikl udnh o 'ks"k

Cash and Balance with Reserve Bank of India 17,059.55 15,259.14

cSadksa ds ikl 'ks"k rFkk ek¡x o vYi lwpuk ij çkI; /u

Balance with Banks & Money at Call & Shiort Notice 4,965.60 22,025.15 3,968.53 19,227.67

2,797.48 3,349.59

tkjh---@Cont.

PNB 136-176.pmd 6/24/2009, 6:09 PM172

173

,l-ih- jktk vf'ouh pM~<keq[; çca/d lgk- egkçcU/d

S.P. RAJA ASHWANI CHADHA

CHIEF MANAGER ASSTT. GEN. MANAGER

ds-oh-ch,u- jko ,l- jaxukFkumi egkçcU/d egkçcU/d

K.V.Bn. RAO S. RANGANATHAN

DY. GEN. MANAGER GEN. MANAGER

,e-o- Vk¡dlkys ukxs'k iSM+kdk;Zdkjh funs'kd dk;Zdkjh funs'kd

M V TANKSALE NAGESH PYDAH

EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR

Mk- ds-lh- pØcrhZ

vè;{k ,oa çcU/ funs'kd

DR. K. C. CHAKRABARTY

CHAIRMAN & MANAGING DIRECTOR


d`rs oh ladj vÕ;j ,.M daú d`rs ,u lh jktxksiky ,.M daú d`rs xqIrk ,.M xqIrklunh ys[kkdkj lunh ys[kkdkj lunh ys[kkdkj(vkj j?kqjkeu) (oh pUnz'ks[kj.k) (,l ch xqIrk)

lk>snkj lk>snkj lk>snkj

FOR V SANKAR AIYAR & CO FOR N C RAJAGOPAL & CO FOR GUPTA & GUPTA


(R RAGHURAMAN) (V CHANDRASEKARAN) (S B GUPTA)


d`rs ih tSu ,.M daú Ñrs dykuh ,.M daú Ñrs vkatus;qyq ,.M daúlunh ys[kkdkj lunh ys[kkdkj lunh ys[kkdkj(iadt tSu) (lanhi >k¡oj) (Mh oh vkatus;qyqq)

FOR P JAIN & CO FOR KALANI & CO. FOR ANJANEYULU & CO.


(PANKAJ JAIN) (SANDEEP JHANWAR) (D V ANJANEYULU)





fVIi.kh% @ Note:

1- çnÙk çR;{k djksa (okilh dks NksM+dj) dks ifjpkyu dk;Zdykiksa ls mn~Hk+wr ekuk x;k gS rFkk bUgsa fuos'k rFkk foÙkh;u dk;Zdykiksa ds eè; foHkDrugha fd;k x;k gSADirect taxes paid (net of refund) are treated as arising from operating activities and are not bifurcated between investing and

financing activties.

2- (dks"Bdksa) esa fn, x, leLr vkadM+s ^ûdnh cká çokg** gSaAll Figures in minus represents" Cash out Flow"

PNB 136-176.pmd 6/24/2009, 6:09 PM173

174

AUDITORS’ REPORT ON CONSOLIDATED FINANCIAL

STATEMENTS

To

The Board of Directors of Punjab National Bank,

We have audited the attached Consolidated Balance Sheet of Punjab

National Bank Group (PNB Group) as at 31st

March 2009, the

Consolidated Profit and Loss Account and the Consolidated Cash

Flow Statement for the year ended on that date annexed thereto.

These financial statements are the responsibility of the management

of the PNB Group and have been prepared by them on the basis of

separate financial statements and other financial information

regarding components. Our responsibility is to express an opinion

on these financial statements based on our audit.

1. We conducted our audit in accordance with the auditing

standards generally accepted in India. Those standards require

that we plan and perform the audit to obtain reasonable

assurance about whether the financial statements are free of

material misstatements. An audit includes examining on a

test basis, evidence supporting the amounts and disclosures

in the financial statements. An audit also includes assessing

the accounting principles used and significant estimates made

by management, as well as evaluating the overall financial

statements presentation. We believe that our audit provides

a reasonable basis for our opinion.

2. We did not audit the financial statements of subsidiaries viz.

(i) PNB Gilts Limited (ii) PNB Housing Finance Limited (iii)

Punjab National Bank (International) Limited and (iv) PNB

Investment Services Limited whose financial statements

reflect total assets of Rs. 7734.35 crores as at 31st

March

2009 and total revenues of Rs. 496.06 crores for the year

then ended. These financial statements and other financial

information have been audited by their respective auditors

except PNB Investment Services Limited (unaudited) whose

reports have been furnished to us and our opinion is based

solely on the reports of the said auditors.

3. We draw attention to:

a. Note no.5.6 of Schedule 18, the bank has disputed tax

demands of Rs.1155.15 crores against which payment

of Rs. 1094.83 crores has been made.

b. Note no.5.13 of Schedule 18, Provision for diminution

in fair value of restructured advances of Rs.1 crores to

Rs.25 crores each has been provided @ 5% of

outstanding amount instead of calculating the

diminution in each case as prescribed by Reserve Bank

of India.

4. a. We did not audit the financial statements of all regional

rural banks, and other associates of the Bank, where

the bank’s share of profits (net) are Rs. 68.54 crores

for the year ended 31st

March 2009.

lesfdr foÙkh; fooj.k& i=kksa ij ys[kkijh{kdksa dk çfrosnu

lsok esa]

iatkc uS'kuy cSad ds funs'kd eaMy

geus iatkc uS'kuy cSad lewg (cSad) 31 ekpZ] 2009 ds layXu lesfdr

rqyui=k] rFkk lkFk gh mDr frfFk dks lekIr o"kZ ds lesfdr ykHk&gkfu [kkrs

vkSj mDr frfFk ds lesfdr udnh çokg fooj.k i=k dh ys[kkijh{kk dh gSA

bu foÙkh; fooj.k &i=kksa dh ft+Eesnkjh cSad çca/u dh gS vkSj ;s çcaèku }kjk

vyx vyx foÙkh; fooj.ki=kksa vkSj la?kVdksa ls lacaf/r vU; foÙkh; lwpuk

ds vk/kj ij rS;kj fd;s x;s gSaA gekjh ft+Eesnkjh bu foÙkh; fooj.k&i=kksa ij

gekjs }kjk ys[kkijh{kk ds vk/kj ij er çdV djus dh gSA

1 geus Hkkjr esa lkekU;r% LohÑr ys[kkadu ekudksa ds vuqlkj ys[kkijh{kkdh gSA bu ekudksa ds vuqlkj ge ys[kkijh{kk dh vk;kstuk rFkk mldkfu"iknu bl çdkj djrs gSa fd gesa foÙkh; fooj.k&i=kksa esa x+yr fooj.ku gksus ds çfr leqfpr vk'oklu fey tk,A ys[kkijh{kk esa ,sls lk{;ksa dhijh{k.k ds rkSj ij tk¡p dh tkrh gS tks foÙkh; fooj.k&i=kksa esa mfYyf[krjkf'k;ksa rFkk çdVhdj.k ds leFkZu esa fn, tkrs gSaA ys[kkijh{kk esa çca/u}kjk mi;ksx esa yk, x, ys[kkadu fl¼kar rFkk mlds }kjk yxk, x,egRoiw.kZ vuqekuksa dk fu/kZj.k rFkk leLr foÙkh; fooj.k&i=kksa ds ewY;kadudk çLrqfrdj.k Hkh 'kkfey gSA gesa fo'okl gS fd gekjs }kjk dh xbZys[kkijh{kk us gekjs vfHker dks leqfpr vk/kj çnku fd;k gSA

2 geus lHkh vuq"kafx;ksa uker% (i) ih,uch fxYV~l fy- (ii) ih,uch gkmflax

i+Qkbusal fy- (iii) iatkc uS'kuy cSad (baVjuS'kuy) fy- (iv) ih,uch fuos'k

lsok fy- ds foÙkh; fooj.k&i=kksa dh ys[kkijh{kk ugha dh Fkh] ftuds

foÙkh; fooj.k&i=k 31 ekpZ] 2009 dks lekIr o"kZ gsrq 7734-35 djksM+

#i, dh dqy vkfLr;ka vkSj #i;s 496-06 djksM+ ds dqy jktLo dks n'kkZrs

gSaA ih,uch fuos'k lsok fyfeVsM dh (x+Sj ys[kk ijhf{kr) foÙkh; lwpukvksa

dks NksM+dj bu foÙkh; fooj.k&i=kksa dh ys[kk ijh{kk muds lac¼ ys[kkijh{kdksa

}kjk dh xbZ gS vkSj mudh fjiksVZsa gesa miyC/ djk;h xbZ gSa rFkk gekjk

vfHker muds }kjk nh xbZ fjiksVks± ij vk/kfjr gSA

3 ge fuEufyf[kr rF;ksa dh vksj è;ku vkdf"kZr djrs gSa%

d- vuqlwph&18 dh fVIi.kh la[;k 5-6] cSad us 1155-15 djksM+#i;s dh dj ek¡x dk fojks/ fd;k gS ftlds cnys 1094-83djksM+ #i;s dk Hkqxrku fd;k x;k gSA

[k- vuqlwph&18 dh fVIi.kh la[;k 5-13&,d djksM+ ls 25 djksM+

#i;s rd ds iqu% lajfpr vfxzeksa ds mfpr ewY; esa deh gsrq

çko/ku ds fy, çR;sd [kkrs esa Hkkjrh; fjt+oZ cSad }kjk fuèkkZfjr

fof/ ds vuqlkj cdk;k jkf'k dh deh gsrq x.kuk djus dh

ctk; cdk;k jkf'k ds 5» dh nj ls çko/ku fd;k x;k gSA

4- d- geus lHkh {ks=kh; xzkeh.k cSadksa rFkk cSad dh vU; lg;ksxhlaLFkkvksa ds foÙkh; fooj.kksa dh ys[kk ijh{kk ugha dh gS ftuesa31-03-2009 dks lekIr o"kZ ds fy, cSad ds ykHk ('kq¼) dk

fgLlk 68-54 djksM+ #i;s gSA

PNB 136-176.pmd 6/24/2009, 6:09 PM174

175

b. Our opinion is based on the audited financial statements

of all regional rural banks audited by respective auditors

as well as certain un-audited estimated financial data

and the un-audited financial statements of other

associates stated in footnote (2.3) to note No. 2 to Notes

on Accounts in Schedule 18.

c. In the absence of full information regarding impact of

differences in accounting policies followed by the parent

and associates (including RRBs), no adjustments,

wherever required have been carried out. Regional Rural

Banks (associates) have not followed Accounting

Standard 15 (Revised) for certain employees’ benefits

but have accounted for the same on adhoc/pay on you

go basis. In like manner, unrealized profits and losses

resulting from transactions between the parent/ its

consolidated subsidiaries and the associates, if any, to

the extent of the parent’s interest in the associates have

not been eliminated. Effect on revenue is not

ascertainable.

d. In respect of PNB Housing Finance Limited, no provision

has been made for deferred tax liability on special

reserve of Rs. 77.92 crores, created and maintained

u/s 36(1) (viii) of the Income Tax Act, 1961 as required

by Accounting Standard-22, which has resulted in

understatement of Provision for Deferred Tax Liability

by Rs.26.49 crores and overstatement of profits after

tax by Rs. 3.44 crores.

5. Subject to our observations in paragraph 4 above, we report

that the Consolidated Financial Statements have been

prepared by the management of PNB Group in accordance

with the requirements of Accounting Standard - 21,

‘Consolidated Financial Statements’ and Accounting Standard

– 23, ‘Accounting for Investments in Associates in

Consolidated Financial Statements’ issued by the Institute of

Chartered Accountants of India.

6. The Consolidated Balance Sheet and Profit and Loss Account

has been drawn up as per the forms prescribed by Reserve

Bank of India for banks.

7. Subject to our observations in paragraph 4 above and based

on our audit of the bank, consideration of reports of the

respective auditors on separate financial statements of 3

subsidiaries, 6 regional rural banks and 1 associates and

consideration of un-audited financial statements of 1

subsidiary and 8 associates and of other financial information

of subsidiaries and certain associates and to the best of our

information and according to the explanations given to us,

we are of the opinion that the attached consolidated financial

statements give a true and fair view in conformity with the

accounting principles generally accepted in India:

a. In the case of the consolidated balance sheet, of the

state of affairs of the PNB Group as at 31st March, 2009,

[k- gekjh jk; lEcfU/r ys[kk&ijh{kdksa }kjk lHkh {ks=kh; xzkeh.kcSadksa ds ys[kk ijhf{kr foÙkh; fooj.kksa rFkk dfri; ys[kkijhf{kru fd, x, dqN vuqekfur vk¡dM+ksa vkSj vU; lg;ksfx;ksa dsys[kk ijhf{kr u fd, x, foÙkh; fooj.kksa ij vk/kfjr gSftldk mYys[k vuqlwph&18 esa ys[kk fVIif.k;ksa dh fVIi.kh

la[;k&2 dh ikn fVIi.kh (2-3) esa fd;k x;k gSA

x- çeq[k cSad vkSj lg;ksxh laLFkkvksa ({ks=kh; xzkeh.k cSadksa lfgr)

}kjk viukbZ xbZ ys[kkadu uhfr;ksa esa fHkUurk ds çHkko ls

lEcfU/r iw.kZ tkudkjh ds vHkko esa dksbZ lek/ku] tgka

visf{kr gS] ugha fd;k x;k gSA {ks=kh; xzkeh.k cSadksa (lg;ksxh

laLFkkvksa) us dqN deZpkjh&ykHkksa ds fy, ys[kkekud&15 (la'kksf/

r) ugha viuk;k gSA fdarq mUgsa rnFkZ@ ¶is&vkWu&;w&xks vk/kj

ij fglkc esa fy;k gSA blh çdkj çeq[k cSad rFkk mldh

lesfdr vuq"kafx;ksa vkSj lg;ksfx;ksa ds chp u olwy gq, ykHk

vkSj gkfu;ksa ds ifj.kkeLo:i ;fn çeq[k cSad dks dksbZ çHkko

iM+rk gks rks mls lekIr ugha fd;k x;k gSA bldk jktLo ij

çHkko fuf'pr~ ugha gSA

?k ih,uch gkmflax iQkbusal fyfeVsM ds lEcU/ esa #i;s 77-92

djksM+ dh fo'ks"k çkjf{kr fuf/;ksa ij vkLFkfxr dj ns;rk ds

fy, vk;dj vf/fu;e 1961 dh /kjk 36 (1) (viii) ds

v/hu dksbZ çko/ku u rks l`ftr fd;k x;k vkSj u j[kk x;k

tksfd ys[kk ekud&22 ds vuqlkj visf{kr Fkk ftlds iQyLo:i

#i;s 26-49 djksM+ dh vkLFkfxr dj ns;rk gsrq #i;s 3-44

djksM+ dk ykHk ds i'pkr~ çko/ku de crk;k x;k gSA

5- mi;qZDr iSjk 4 esa fn, x, gekjs er ds v/hu ge lwfpr djrs gSa fd

ih,uch lewg çcU/u }kjk lesfdr foÙkh; fooj.k i=k Hkkjrh; lunh

ys[kkdkj laLFkku }kjk tkjh (lesfdr fooj.k i=ksa lEcU/h) ys[kkadu

ekud&21 esa vis{kkvksa ds vuq:i rFkk lesfdr foÙkh; fooj.k i=kksa

vkSj ys[kk ekud&23 (lesfdr foooj.k i=kksa esa lg;ksxh dEifu;ksa esa

fuos'k) ds ys[kkadu ds vuqlkj rS;kj fd, x, gSaA

6- lesfdr rqyui=k o ykHk rFkk gkfu [kkrk Hkkjrh; fjt+oZ cSad }kjk cSadksa

ds fy, fu/kZfjr iQkekZsa esa rS;kj fd, x, gSaA

7- mi;qZDr iSjk 4 esa fn, x, gekjs er ds v/hu rFkk gekjs }kjk dh x;h

cSad dh ys[kk ijh{kk ds vk/kj vkSj vyx foÙkh; fooj.k i=kksa ij

lEc¼ ys[kk ijh{kdksa dh fjiksVkZsa ij fopkj djus ij rFkk 3 vuq"kafx;ksa

vkSj 6 {ks=kh; xzkeh.k cSadksa vkSj ,d lg;ksxh ds foÙkh; fooj.k i=kksa

ij vkSj 1 vuq"kaxh rFkk 8 lg;ksfx;ksa ds xSj ys[kk ijhf{kr fooj.k i=kksa

vkSj vU; foÙkh; lwpuk ij fopkj djus ds ckn gekjh lokZsre lwpuk

o gesa fn, x, Li"Vhdj.kksa ds vk/kj ij gekjh jk; gS fd layXu

lesfdr foÙkh; fooj.k&i=k Hkkjr esa lkekU;r% LohÑr ys[kkadu

fl¼karksa ds vuq:i lgh vkSj Li"V fLFkfr n'kkZrs gSa%

d- lesfdr rqyu i=k ds ekeys esa 31 ekpZ] 2009 dh fLFkfr

n'kkZrs gq, ih,uch lewg dh fLFkfr

PNB 136-176.pmd 6/24/2009, 6:09 PM175

176

b. In the case of the consolidated profit and loss account,

of the profit of the PNB Group for the year ended on

that date, and

c. In the case of the consolidated cash flow statement, of

the cash flows of the PNB Group for the year ended on

that date.

For V Sankar Aiyar & Co. For N C Rajagopal & Co.


(R Raghuraman) (V Chandrasekaran)

Partner Partner

Membership No 81350 Membership No. 24844

For Gupta & Gupta For P. Jain & Co.


(S B Gupta) (Pankaj Jain)

Partner Partner


For Kalani & Co. For Anjaneyulu & Co.


(Sandeep Jhanwar) (D.V.Anjaneyulu)

Partner Partner


New Delhi

DATE: 20th

May 2009

[k- lesfdr ykHk o gkfu ys[ks ds ekeys esa mDr frfFk dks ih,uch

lewg ds ykHk dks n'kkZrk gS

x- lesfdr udnh izokg fooj.k i=k ds ekeys esa mDr frfFk dks

ih,uch lewg dk udnh izokg

Ñrs oh ladj vÕ;j ,aM dEiuh Ñrss ,u lh jktxksiky ,aM dEiuh

lunh ys[kkdkj lunh ys[kkdkj

(vkj- j?kqjkeu) (oh pUæ'ks[kju)

lk>snkj lk>snkj

lnL; la[;k 81350 lnL; la[;k 24844

d`rs xqIrk ,.M xqIrk d`rs ih tSu ,.M daú


(,l ch xqIrk) (iadt tSu)

lk>snkj lk>snkj

lnL; la[;k 06099 lnL; la[;k 97279

Ñrs dykuh ,.M daú Ñrs vkatus;qyq ,.M daú


(lanhi >k¡oj) (Mh oh vkatus;qyqq)

lk>snkj lk>snkj

lnL; la[;k 78146 lnL; la[;k 21036

ubZ fnYyh

fnukad % 20 ebZ] 2009

PNB 136-176.pmd 6/24/2009, 6:09 PM176

177

'ks;j foHkkx] 5] laln ekxZ] ubZ fnYyh&110001

iQkeZ & ch

izkWDlh iQkeZ('ks;j/kjd }kjk Hkjk vkSj gLrk{kj fd;k tk,)

eSa@ge _________________________________ jkT; __________________ esa ftys _____________ dk@ds fuoklh ___________________________

iatkc uS'kuy cSad ds 'ks;j/kjd gksus ds ukrs Jh@Jherh@dqekjh____________________________ jkT; _______________ esa ftyk ____________________

ds fuoklh ___________________________________ dks cSad ds 'ks;j/kjdksa dh vkBoha okf"kZd vke cSBd esa tks cq/okj] 29 tqykbZ] 2009 dksfiQDdh vkWfMVksfj;e] rkulsu ekxZ] ubZ fnYyh&110001 esa vk;ksftr gksxh vkSj blds fdlh LFkxu ij esjs@gekjs izkWDlh ds :i esa esjs@gekjs fy, ernsus ds fy, izfrfu;qDr djrk gw¡@djrh gw¡@djrs gSaA

________________fnu ________________2009 dks gLrk{kfjr

izkWDlh ds gLrk{kj izFke /kjd@,dy 'ks;j/kjd ds gLrk{kj

MhihvkbZMh la-

xzkgd vkbZMh la[;k

(vewrZ 'ks;jks ds fy;s)

iatc¼ iQksfy;ks la-

(ewrZ 'ks;jksa ds fy,)

Ñi;k iUnzg iSls dk

jlhnh fVdV fpidk,a

izkWDlh iQkeZ ij gLrk{kj djus ,oa izLrqr djus gsrq vuqns'k

1- izkWDlh nLrkost ds oS| gksus ds fy,

(d) O;fDrxr 'ks;j/kjd ds ekeys esa mlds }kjk gLrk{kj fd;s tk,axs ;k fyf[kr :i ls fof/or~ vf/Ñr vVkuhZ }kjk gLrk{kj fd;s tk,axsA

([k) la;qDr /kjd ds ekeys eas] lnL;ksa ds jftLVj esa çFke uke ds 'ks;j/kjd }kjk ;k mlds }kjk fyf[kr :i ls vf/Ñr vVkuhZ }kjk gLrk{kjfd;s tk;sxsa A

(x) fuxfer fudk; ds ekeys esa] mlds vf/dkjh }kjk lkekU; eksgj] ;fn gks] rks yxkdj bUgsa gLrk{kfjr ,oa fu"ikfnr fd;k tk;sxk ;k vU;Fkkfyf[kr :i ls fof/or~ vf/Ñr fd;s x;s vVkuhZ }kjk gLrk{kfjr fd;s tk;saxsA

2- izkWDlh nLrkost ftl ij 'ks;j/kjd ds vaxwBs dk fu'kku yxk;k x;k gS] rHkh oS| ekuk tk;sxk tc bls fdlh tt] eftLVªsV] jftLVªkj ;k mi jftLVªkj}kjk fdlh vU; ljdkjh jktif=kr vf/dkjh vFkok iatkc uS'kuy cSad ds fdlh vf/dkjh }kjk vfHkizekf.kr fd;k x;k gks A

3- izkWDlh ftlds lkFk esa

(d) ikoj vkiQ vVkuhZ ;k izkf/dkj i=k (;fn gks rks) ftlds vUrxZr bl ij gLrk{kj fd;s x;s gSa ;k

([k) mDr ikoj vkiQ vVkuhZ ;k izkf/dkj i=k dh izfr ftls uksVjh ifCyd ;k eftLVªsV }kjk vfHkizekf.kr fd;k x;k gks] iatkc uS'kuy cSad] 'ks;jfoHkkx] f}rh; ry] 5] laln ekxZ] ubZ fnYyh&110001 ds ikl vf/dre ohjokj] 23 tqykbZ 2009 (lka; 5 cts) rd tek djok fn;k tk;sA

4- fof/or fVdV yxh izkWDlh gh oS| ekuh tk;sxhA

5- cSad ds ikl tek izkWDlh nLrkost vafre o vifjorZuh; gksxkA

6- ;fn izkWDlh nLrkost fodYi ds rkSj ij nks O;fDr;ksa dks fn, x;s gksa rks dsoy ,d iQkeZ dk fu"iknu fd;k tk;sxkA

7- ftl 'ks;j/kjd us izkWDlh dk nLrkost fu"ikfnr fd;k gks og cSBd esa ml nLrkost ls lEc¼ oksV nsus dk ik=k ugha gksxkA

8- iatkc uS'kuy cSad ds fdlh Hkh vf/dkjh ;k deZpkjh dks oS/kfud :i ls izkf/Ñr izfrfuf/ ;k izkWDlh/kjd fu;qDr ugha fd;k tk ldrkA

9- bl izdkj fu;qDr çkDlh dks cSBd esa cksyus dk vf/dkj ugha gksxkA ,sls esa izkDlh iznkrk dh vksj ls mifLFkr gks ldsxk vksj oksV ns ldsxkA

proxy 177-180.pmd 6/24/2009, 5:53 PM177

178

Share Department, 5, Sansad Marg, New Delhi 110001

Form "B"

PROXY FORM

(To be filled in and signed by the shareholder)

I/We _____________________________________________________resident/s of _________________________________ in the District of

_________________________ in the State of _________________________ being a shareholder/s of Punjab National Bank hereby appoint

Shri/Smt. ____________________________ resident 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 on my/our behalf at the EIGHTH ANNUAL GENERAL MEETING

of the shareholders of the Bank to be held on Wednesday , the 29th July, 2009 at FICCI Auditorium,Tansen Marg, New Delhi 110001

and at any adjournment thereof.

Signed this __________ day of ________________ 2009.

Signature of the Proxy Signature of sole/first shareholder

DPID No.

Client ID No.

(For Dematerialised shares)

Regd. Folio No.

(For shares in Physical form)

Please affix Revenue

Stamp for minimum

15 paise

INSTRUCTIONS FOR SIGNING AND LODGING THE PROXY FORM

1. The instrument of proxy to be valid

(a) in the case of an individual shareholder, shall be signed by him/her or by his/her attorney duly authorized in writing.

(b) in the case of joint holders, shall be signed by the shareholder first named in the Register of Shareholder or by his/her

attorney duly authorized in writing.

(c) in the case of a body corporate, shall be signed by its officer and executed under its Common Seal, if any, or otherwise signed

by its attorney duly authorized in writing.

2. An instrument of proxy, in which the thumb impression of the shareholder is affixed, will be valid provided it is attested by a Judge,

Magistrate, Registrar or Sub-Registrar of Assurances or any other Government Gazetted Officer or an officer of

Punjab National 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 that power of attorney or authority, certified by a Notary Public or a Magistrate, should be deposited at the Share

Department, Punjab National Bank, 2nd

Floor, 5 Sansad Marg, New Delhi-110001, not later than Thursday, 23rd

July 2009

(5.00 p.m.).

4. No proxy shall be valid unless proper revenue stamp is affixed on it.

5. An instrument of proxy deposited with the Bank shall be irrevocable and final.

6. 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.

7. The shareholder who has executed an instrument of proxy shall not be entitled to vote in person at the meeting to which such

instrument relates.

8. No person shall be appointed as duly authorized representative or a proxy who is an officer or an employee of

PUNJAB NATIONAL BANK.

9. The proxy so appointed shall not have any right to speak at the meeting but such proxy can attend & vote on behalf of the grantor.

proxy 177-180.pmd 6/24/2009, 5:53 PM178

179

iatkc uS'kuy cSadds bZfDoVh 'ks;jksa ij ykHkka'k ds Hkqxrku ds fy,

bZ lh ,l vf/ns'k iQkeZ@cSad C;kSjs dk iQkeZ

mu 'ks;j/kjdksa ds fy, ftudh /kfjrk dsoy ewrZ :i esa gS('ks;j/kjdksa }kjk Hkjk tk;s rFkk lEcaf/r cSad* ls izekf.kr djokdj ,e lh ,l fyfeVsM

(;wfuV ih ,u ch) ,iQ&65] çFke ry] vks[kyk vkS|ksfxd {ks=k] iQst 1] ubZ fnYyh 110020 dks izLrqr fd;k tk;s)fç; egksn;]

bZ lh ,l vf/ns'k@cSad [kkrs ds C;kSjksa dk iQkeZ

eSa ,rn~}kjk iatkc uS'kuy cSad dks izkf/Ñr djrk gw¡ fd os ykHkka'k jkf'k bySDVªkfud lek'kks/u lsok ds ek/;e ls lh/s gh esjs cSad [kkrs esa tek dj nsaA

vFkok

;fn fdUgha dkj.kksa ls bZlh,l lqfo/k miyC/ u gks] eSa iatkc uS'kuy cSad@,e lh ,l fyfeVsM dks ,rn~}kjk izkf/dr djrk gw¡ fd os ykHkka'k okjaV ij esjs[kkrs dk fuEu C;kSjk n'kkZ nsaA

esjh /kfjrk dk fooj.k fuEufyf[kr gSa%&

izFke /kjd dk uke

irk

iQksfy;ks uEcj

/kfjr bZfDoVh 'ks;jksa dh la[;k

VsyhiQksu uEcj

esjs cSad [kkrs ftlesa bZlh,l ds ekè;e ls jkf'k tek fd tkuh gS @ cSad [kkrs ds C;kSjk fuEufyf[kr gS %&

cSad dk uke

cSad 'kk[kk dk uke o irk

[kkrs dk Lo:i (Ñi;k mfpr ij fpfUgr djsa) cpr @ pkyw @ dS'k ØsfMV @ vU; (fufnZ"V djsa)

cSad [kkrk la[;k

cSad o 'kk[kk dh 9 vadksa dh ekbZdj dksM la[;k tks cSad}kjk tkjh ekbdj pSd ij n'kkZ;h x;h gS

eSa ,rn~}kjk ?kksf"kr djrk gw¡ fd mDr fn;k x;k fooj.k iw.kZ rFkk lgh gSA

;fn v/wjh vFkok xyr lwpuk ds dkj.k vFkok vU;Fkk ØsfMV esa foyEc gksrk gS vFkok ØsfMV gh ugha gksrk gS rks eSa iatkc uS'kuy cSad@,elh,l fy- dks mÙkjnk;hugha BgjkÅ¡xk@BgjkÅ¡xhA

eSa ,rn~}kjk lR;kiu gsrq vius cSad }kjk tkjh dksjk fujLr pSd (iQksVksdkih@ewy) layXu dj jgk gw¡@ jgh gw¡A

LFkku %

fnukad % ,dy@izFke 'ks;j/kjd ds gLrk{kj

izekf.kr fd;k tkrk gS fd gekjs fjdkMZ ds vuqlkj mi;qZDr C;kSjs lgh gSaA

LFkku %

fnukad % lEc¼ cSad ds izcU/d ds gLrk{kj] eksgj lfgr

fVIif.k;k¡

1- 'ks;j/kjdksa dks lwfpr fd;k tkrk gS fd bZ lh ,l lqfo/k Hkkjrh; fjt+oZ cSad }kjk fufnZ"V fd;s x;s dqN uxjksa esa miyC/ gS rFkk bls Hkkjrh; fjt+oZ cSad}kjk cuk;s x;s fu;eksa rFkk fofu;eksa ds vuqlkj dk;kZfUor fd;k x;k gSA

2- di;k ,d iQksfy;ks ds fy, ,d vf/ns'k nsaA

3- ;g iQkeZ igyh ckj lwpuk iznku djus vFkok ekStwnk vuqns'kksa@vf/ns'k esa ifjorZu djus ds fy, iz;ksx fd;k tk ldrk gSA

4- *;fn [kkrk/kjd dh fofufnZ"V 'kk[kk }kjk tkjh pSd dh iQksVksdkih@dksjk fujLr pSd layXu fd;k x;k gS rks cSad dk izek.k&i=k visf{kr ugha gSA

proxy 177-180.pmd 6/24/2009, 5:53 PM179

180

ECS MANDATE FORM/BANK DETAILS FOR PAYMENT OF DIVIDEND ON THE EQUITY SHARES OF

PUNJAB NATIONAL BANK

FOR SHAREHOLDERS HAVING THEIR HOLDINGS IN PHYSICAL FORM ONLY

(To be filled up by the shareholder, certified by the bank* concerned and submitted to MCS Limited

(Unit - PNB) F-65, First Floor, Okhla Industrial Area, Phase I, New Delhi 110020).

Dear Sir,

ECS MANDATE FORM/BANK ACCOUNT DETAILS

I hereby authorize Punjab National Bank to credit the dividend amount directly to my bank Account through the Electronic Clearing

Services.

OR

In case ECS facility is not available for any reason, I hereby authorize Punjab National Bank/MCS Limited to incorporate the account

details furnished below in the dividend warrant.

The details of my holding are as follows :

Name of the first holder

Address

Folio No.

Number of equity shares held

Telephone Number

The details of my bank account to which credit may be given through ECS/Bank Account details, are as follows.

Name of the Bank

Name & Address of the Branch

Type of Account (Please tick appropriately) Savings / Current / Cash Credit / Others (specify)

Bank Account Number

9 digit MICR code number of the Bank and Branch

appearing on the MICR cheque issued by the bank

I hereby declare that the details given above are complete and correct.

If the credit is delayed or not effected at all, due to incomplete or incorrect information, or otherwise, I shall not hold Punjab National

Bank / MCS Limited responsible.

I hereby attach a blank cancelled cheque (photocopy/original) issued by my bank for verification purposes.

Place :

Date : Signature of the Sole/First shareholder

Certified that the particulars furnished above are correct as per our records

Place :

Date : Signature of the Manager of the

Bank concerned with stamp

NOTES:

1. The shareholders are advised to note that the ECS facility is available only at certain centres specified by RBI and is implemented as

per the rules and regulations framed by RBI in this regard.

2. Please furnish one mandate for one folio.

3. The form may be used either for communicating for the first time or for making changes in the existing instructions/mandate.

4. *In case photocopy / original blank cancelled cheque issued by Account holder's specific branch is enclosed, certificate from Bank

is not required.

proxy 177-180.pmd 6/24/2009, 5:53 PM180

Documents

PNB 5-53.pmd