BALANCE SHEET AS ON MARCH 31, 2020 (` in Thousands)

PARTICULARS Schedule No. As on 31.03.2020 As on 31.03.2019

CAPITAL & LIABILITIES

Capital 1 608 80 06 480 29 17
Reserves and Surplus 2 21480 46 80 18908 40 00
Deposits 3 260225 89 70 242075 94 68
Borrowings 4 20830 30 96 12137 54 29
Other Liabilities & Provisions 5 6322 69 92 6463 09 23
TOTAL 309468 17 44 280065 27 37
ASSETS
Cash & Balances with R B I 6 5736 12 43 11701 86 43
Balances with Banks and Money at Call and Short Notice 7 8188 55 97 8318 51 54
Investments 8 81241 68 80 64992 17 42
Advances 9 197887 01 15 181261 91 24
Fixed Assets 10 3895 74 42 3961 40 48

Other Assets 11 12519 04 67 9829 40 26

TOTAL 309468 17 44 280065 27 37
Contingent Liabilities 12 42576 86 28 36194 10 92
Bills for Collection - 5994 96 94 5394 56 36

Ms. PADMAJA CHUNDURU M K BHATTACHARYA SHENOY VISHWANATH V K RAMACHANDRAN

MANAGING DIRECTOR & CEO EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR

DIRECTORS

SANJEEV KAUSHIK S K PANIGRAHY

GOVERNMENT NOMINEE DIRECTOR RBI NOMINEE DIRECTOR

SALIL KUMAR JHA VINOD KUMAR NAGAR

EXECUTIVE DIRECTOR Dr. BHARATH KRISHNA SANKAR
SHAREHOLDER DIRECTOR SHAREHOLDER DIRECTOR

STATUTORY CENTRAL AUDITORS

For M THOMAS & CO For P S SUBRAMANIA IYER & CO For K C MEHTA AND CO
Chartered Accountants Chartered Accountants Chartered Accountants
FR No. 00408S FR No. 004104S FR No. 106237W

A ROZARIO S SUNDARA RAMAN CHIRAG BAKSHI

Partner Partner Partner
¼M. No.21230½ ¼M. No. 022137½ ¼M No. 047164½

For RAVI RAJAN & CO LLP For SRIRAMAMURTHY & CO

Chartered Accountants Chartered Accountants
FR No. 009073N / N500320 FR No: 003032S

JAYANTH. A J LALITHA
Partner Partner
¼M No. 231549½ ¼M No. 0201855½

Place : Chennai
Date : 23.06.2020

272
 (` in Thousands)
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2020
PARTICULARS Schedule No. YE 31.03.2020 YE 31.03.2019

I. INCOME
Interest earned 13 21404 96 92 19184 81 28
Other Income 14 3312 46 43 1882 88 96
TOTAL 24717 43 35 21067 70 24
II. EXPENDITURE
Interest expended 15 13798 55 31 12166 71 97
Operating expenses 16 4420 83 92 4020 36 66
Provisions & Contingencies - 5744 68 30 4558 66 40
TOTAL 23964 07 53 20745 75 03
III. PROFIT/LOSS
Net Profit/Loss(-) for the year 753 35 82 321 95 21
Profit/Loss(-) Brought forward 99 15 45 98 15 24
TOTAL 852 51 27 420 10 45
IV. APPROPRIATIONS
Transfer to :
Statutory Reserves 188 34 00 80 50 00
Capital Reserves 152 15 00 40 79 00
Special Reserves u/s 36(1)(viii) 12 00 00
Revenue Reserves 1 00 00
Staff Welfare Fund 15 00 00 9 66 00
Investment Fluctuation Reserve 389 99 00 177 00 00
Investment Reserve 7 87 00
Equity Dividend
Dividend Distribution Tax
Bal. carried over to Balance Sheet 99 16 27 99 15 45
TOTAL 852 51 27 420 10 45
Earnings Per Share in Rs. (basic & diluted) 14.33 6.70

Ms. PADMAJA CHUNDURU M K BHATTACHARYA SHENOY VISHWANATH V K RAMACHANDRAN

MANAGING DIRECTOR & CEO EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR

DIRECTORS
SANJEEV KAUSHIK S K PANIGRAHY
GOVERNMENT NOMINEE DIRECTOR RBI NOMINEE DIRECTOR

SALIL KUMAR JHA Dr. BHARATH KRISHNA SANKAR VINOD KUMAR NAGAR
EXECUTIVE DIRECTOR SHAREHOLDER DIRECTOR SHAREHOLDER DIRECTOR

STATUTORY CENTRAL AUDITORS

For M THOMAS & CO For P S SUBRAMANIA IYER & CO For K C MEHTA AND CO
Chartered Accountants Chartered Accountants Chartered Accountants
FR No. 00408S FR No. 004104S FR No. 106237W

A ROZARIO S SUNDARA RAMAN CHIRAG BAKSHI

Partner Partner Partner
¼M. No.21230½ ¼M. No. 022137½ ¼M No. 047164½

For RAVI RAJAN & CO LLP For SRIRAMAMURTHY & CO

Chartered Accountants Chartered Accountants
FR No. 009073N / N500320 FR No: 003032S

JAYANTH. A J LALITHA
Partner Partner
Place : Chennai ¼M No. 231549½ ¼M No. 0201855½
Date : 23.06.2020

273
 (` in Thousands)

SCHEDULE 1 - CAPITAL
PARTICULARS As on 31.03.2020 As on 31.03.2019

I. Authorised Capital
300,00,00,000 Equity Shares of Rs.10/- each 3000 00 00 3000 00 00
II. Issued, Subscribed and Paid up:
Equity Shares:
a. 50,80,80,023 Equity shares of Rs.10/- each
held by Government of India (P.Y.-39,13,69,637
Equity shares of Rs. 10/- each) 508 08 00 391 36 97
b. 10,07,20,557 Equity shares of Rs.10/- each held by Public
(P.Y. 8,89,22,014 Equity shares of Rs.10/- each) 100 72 06 88 92 20

Total 608 80 06 480 29 17

274
SCHEDULE 2 - RESERVES AND SURPLUS (` in Thousands)

PARTICULARS As on 31.03.2020 As on 31.03.2019

I. STATUTORY RESERVES
a. Opening Balance 4505 85 81 4425 35 81
b. Additions during the year 188 34 00 80 50 00
TOTAL I 4694 19 81 4505 85 81
II. CAPITAL RESERVES
A Revaluation Reserve
a. Opening Balance 3095 03 91 2621 44 09
b. Additions during the year 555 14 76
c. Deductions during the year 107 19 49 81 54 94
TOTAL (A) 2987 84 42 3095 03 91
B Others
a) Opening Balance 236 40 24 195 61 24
b) Additions during the year 152 15 00 40 79 00
TOTAL (B) 388 55 24 236 40 24
TOTAL II (A + B) 3376 39 66 3331 44 15
III. SHARE PREMIUM
a) Opening Balance 1325 67 33 1325 67 33

b) Additions during the year 2700 97 90 0

TOTAL III 4026 65 23 1325 67 33
IV. REVENUE AND OTHER RESERVES
A) Revenue Reserve :
Opening Balance 8265 03 80 8182 48 86
Tfrd from Profit & Loss a/c 13 00 00
Tfrd from revaluation reserve 107 19 49 81 54 94
Deductions during the year 923 94 00 12 00 00
TOTAL (A) 7448 29 29 8265 03 80
B) Special Reserve u/s 36(1)(viii) of IT Act
Opening Balance 725 52 00 713 52 00
Additions during the year 12 00 00
TOTAL (B) 725 52 00 725 52 00
C) Special Reserve u/s 36(1)(viii a) of IT Act
Opening Balance 58 20 00 58 20 00
D) Investment Fluctuation Reserve/Investment Reserves
Opening Balance 216 92 22 39 92 22
Additions during the year 397 86 01 177 00 00
TOTAL (D ) 614 78 23 216 92 22
E) Foreign Currency Translation Reserve
Opening Balance 380 59 24 307 75 87
Additions during the year 56 67 07 72 83 37
Deduction during the year 0 0
TOTAL (E) 437 26 31 380 59 24
TOTAL IV (A + B + C + D + E) 9284 05 83 9646 27 26
V. PROFIT & LOSS ACCOUNT
Opening Balance 99 15 45 98 15 24
Additions during the year 82 1 00 21
TOTAL V 99 16 27 99 15 45
TOTAL (I+II+III+IV+V) 21480 46 80 18908 40 00

275
SCHEDULE 3 - DEPOSITS (` in Thousands)

PARTICULARS As on 31.03.2020 As on 31.03.2019

A. I. DEMAND DEPOSITS
i) From Banks 211 10 71 63 76 92
ii) From Others 13337 91 83 13191 9558
TOTAL 13549 02 54 13255 72 50
II. SAVINGS BANK DEPOSITS 76609 10 59 70766 06 31
III. TERM DEPOSITS
i) From Banks 4111 94 38 3665 43 86
ii) From Others 165955 82 19 154388 72 01
TOTAL 170067 76 57 158054 15 87
B. TOTAL (I+II+III) 260225 89 70 242075 94 68
i) Deposits of branches in India 252792 25 88 235236 97 55
ii) Deposits of branches outside India 7433 63 82 6838 97 13
TOTAL 260225 89 70 242075 94 68

SCHEDULE 4 - BORROWINGS (` in Thousands)

PARTICULARS As on 31.03.2020 As on 31.03.2019

I. BORROWINGS IN INDIA
i) Reserve Bank of India 11529 90 30 6395 31 77
ii) Other Banks 10 88 4 91
iii) Other Institutions and Agencies * 6418 86 00 3791 56 42
TOTAL 17948 87 18 10186 93 10
II. BORROWINGS OUTSIDE INDIA ** 2881 43 78 1950 61 19
TOTAL (I+II) 20830 30 96 12137 54 29
Secured Borrowings included above 11529 90 00 6395 31 77
* includes Tier II Capital - Subordinated debt of `2600 00 00 (P.Y. `2600 00 00 ) and Tier I Capital - Perpetual Debt Instrument of `500 00 00
(P.Y. `500 00 00)
** Includes pipeline and un-adjusted items in Nostro Mirror Balances

SCHEDULE 5 - OTHER LIABILITIES AND PROVISIONS (` in Thousands)

PARTICULARS As on 31.03.2020 As on 31.03.2019

I. Bills Payable 494 00 20 598 15 01

II. Inter Office Adjustments(Net) 546 05 08
III. Interest Accrued 845 32 77 698 75 96
IV. Others(including Provisions) * 4983 36 95 4620 13 18
TOTAL 6322 69 92 6463 09 23

* includes Contingent Provisions against Standard Assets of ` 9610829 (P.Y - ` 816 72 59)

SCHEDULE 6 - CASH AND BALANCES WITH RESERVE BANK OF INDIA (` in Thousands)

PARTICULARS As on 31.03.2020 As on 31.03.2019

I. Cash in hand (including foreign currency notes) 1006 08 85 1030 75 47

II. Balances with Reserve Bank of India in Current Account 4730 03 58 10671 10 96
TOTAL (I+II) 5736 12 43 11701 86 43

276
SCHEDULE 7 - BALANCES WITH BANKS AND MONEY AT CALL AND SHORT NOTICE (` in Thousands)

PARTICULARS As on 31.03.2020 As on 31.03.2019

I. IN INDIA
i) Balances with Banks
a) in Current Account 5 35 06 2 80 27
b) in Other Deposit Accounts 713 36 57 711 45 75
TOTAL (i) 718 71 63 714 26 02
ii) Money at Call and Short Notice (with Banks) 2100 00 01 2200 00 00
TOTAL (ii) 2100 00 01 2200 00 00
TOTAL (i + ii) 2818 71 64 2914 26 02
II. OUTSIDE INDIA
i) in Current Accounts 530 92 57 203 65 53
ii) in other Deposit Accounts 4830 26 44 5168 47 18
iii) Money at Call and Short Notice 8 65 32 32 12 81
TOTAL (i + ii + iii) 5369 84 33 5404 25 52
GRAND TOTAL (I +II) 8188 55 97 8318 51 54

SCHEDULE 8 - INVESTMENTS (` in Thousands)

PARTICULARS As on 31.03.2020 As on 31.03.2019

I. INVESTMENTS IN INDIA
Gross Investments 80353 56 34 64153 14 96
Less : Provision for Depreciation & NPI 1282 86 31 1035 06 38
Net Investments 79070 70 03 63118 08 58
i) Government Securities 67537 87 44 51918 69 34
ii) Other approved Securities 2 98 83 5 23 16
iii) Shares 351 87 70 505 23 38
iv) Debentures and bonds 6715 54 67 7400 95 19
v) Subsidiaries and/or joint ventures (including Associates) 101 15 25 87 01 37
vi) Others 4361 26 14 3200 96 14
TOTAL 79070 70 03 63118 08 58
II. INVESTMENT OUTSIDE INDIA
Gross Investments 2268 26 80 1963 62 97
Less Provision for Depreciation & NPI 97 28 03 89 54 13
Net Investments 2170 98 77 1874 08 84
i) Government Securities (including local authorities) 2149 36 57 1853 17 45
ii) Other investments
(a) Shares 43 53 52 13
(b) Debt Securities 21 18 67 20 39 26
TOTAL 2170 98 77 1874 08 84
NET GRAND TOTAL (A+B) 81241 68 80 64992 17 42

277
SCHEDULE 9 - ADVANCES (` in Thousands)

PARTICULARS As on 31.03.2020 As on 31.03.2019

i) Bills purchased and discounted 1453 59 19 1659 79 76

ii) Cash Credit, Overdrafts and loans repayable on demand 99136 74 77 95636 68 55

iii) Term Loans 97296 67 19 83965 42 93

TOTAL 197887 01 15 181261 91 24

i) Secured by tangible assets (includes advance against bookdebts) 161337 53 81 151802 66 57

ii) Covered by bank/Government guarantee 4056 48 84 4831 37 08

iii) Unsecured 32492 98 50 24627 87 59

TOTAL 197887 01 15 181261 91 24

I. ADVANCES IN INDIA

i) Priority Sector 90415 78 93 65506 83 93

ii) Public Sector 17991 68 34 21587 22 91

iii) Banks 772 90 59 0

iv) Others 80515 67 81 86725 50 68

TOTAL 189696 05 67 173819 57 52

II. ADVANCES OUTSIDE INDIA

i) Dues from Banks 2254 59 78 1721 43 74

ii) Dues from others

a) Bills Purchased and discounted 970 27 17 1255 90 78

b) Syndicated loans 3355 58 88 3066 33 78

c) Others 1610 49 65 1398 65 42

TOTAL 8190 95 48 7442 33 72

GRAND TOTAL (I+II) 197887 01 15 181261 91 24

278
SCHEDULE 10 - FIXED ASSETS (` in Thousands)

PARTICULARS As on 31.03.2020 As on 31.03.2019

I. PREMISES (Incl. Revalued Premises)

At cost/revaluation as per the last Balance Sheet 3762 94 58 3240 58 48

Additions/Adjustments during the year 3 63 15 526 71 71

Sub Total 3766 57 73 3767 30 19

Deductions during the year 0 6 34

Sub Total 3766 57 73 3767 23 85

Depreciation to date 832 07 90 719 53 04

TOTAL 2934 49 83 3047 70 81

II. LEASED ASSETS

At cost/revaluation as per the last Balance Sheet 244 97 37 209 99 14

Additions/Adjustments during the year 30 68 96

Sub Total 244 97 37 240 68 10

Deductions during the year 0 0

Sub Total 244 97 37 240 68 10

Depreciation to date 4 52 05 4 31 21

TOTAL 240 45 32 236 36 89

III. BUILDINGS UNDER CONSTRUCTION 78 25 76 44

IV. OTHER FIXED ASSETS (including Furniture and Fixtures)

At cost as per last Balance Sheet 2056 01 96 1880 96 95

Additions/Adjustments during the year 255 42 34 253 93 14

Sub Total 2311 44 30 2134 90 09

Deductions during the year 51 56 44 78 88 13

Sub Total 2259 87 86 2056 01 96

Depreciation to date 1539 86 84 1379 45 62

TOTAL 720 01 02 676 56 34

TOTAL (I+II+III) 3895 74 42 3961 40 48

279
SCHEDULE 11 - OTHER ASSETS (` in Thousands)

PARTICULARS As on 31.03.2020 As on 31.03.2019

I. Inter Office Adjustment (net) 2044 28 71 0

II. Interest Accrued 1283 47 23 1171 28 62

III. Tax paid in advance/tax deducted at source (net) 4356 23 89 4086 06 21

IV. Stationery and Stamps 17 56 30 15 61 75

V. Non-banking assets acquired in satisfaction of claims 20 26 11 20 26 11

VI. Others* 4797 22 43 4536 17 57

TOTAL 12519 04 67 9829 40 26

* includes RIDF/SIDBI/RHDF/NHB Deposits held under HTM Category 284 72 93 339 41 29

SCHEDULE 12 - CONTINGENT LIABILITIES (` in Thousands)

PARTICULARS As on 31.03.2020 As on 31.03.2019

I. Claims against the bank not acknowledged as debts* 651 26 63 527 15 12

II. Liability for partly paid investments 400 32 98 3 63 76

III. Liability on account of outstanding forward exchange contracts 20382 57 13 12986 41 52

IV. Guarantee given on behalf of constituents*

a) In India 8930 01 79 8415 28 89

b) Outside India 382 63 47 371 45 82

V. Acceptance, Endorsements and other obligations* 6401 33 66 7249 18 12

VI. Other items for which the bank is contingently liable 5428 70 62 6640 97 69

TOTAL 42576 86 28 36194 10 92

* Contingent Liability has been considered net of margin

280
SCHEDULE 13 - INTEREST EARNED (` in Thousands)

PARTICULARS Y E 31.03.2020 Y E 31.03.2019

I. Interest/Discount on Advances/Bills 15933 04 15 13983 87 20

II. Income on Investments 5278 82 36 5043 42 20

III. Interest on balances with Reserve Bank of India and other Inter Bank funds 177 42 66 139 52 40

IV. Others 15 67 75 17 99 48

TOTAL 21404 96 92 19184 81 28

SCHEDULE 14 - OTHER INCOME (` in Thousands)

PARTICULARS Y E 31.03.2020 Y E 31.03.2019

I. Commission, Exchange and Brokerage 338 66 77 325 26 20

II. Profit on Sale of Investments 934 93 94 235 66 56

Less: Loss on Sale of Investments 55 20 58 60 18 45

Net 879 73 36 175 48 11

III. Profit on revaluation of Investments 0 0

Less: Loss on revaluation of Investments 0 0

Net 0 0

IV. Profit on sale of land, buildings and other assets * 3 13 61 1 91 35

Less: Loss on Sale of Land, Bldgs. & Other Assets * 2 40 22 3 42 45

Net 73 39 -1 51 10

V. Profit on exchange transactions (Net) 202 05 96 173 40 70

VI. Income earned by way of dividends, etc., from Subsidiaries/Companies

and/or Joint ventures abroad/in India 12 69 28 12 44 69

VII. Miscellaneous Income 1878 57 67 1197 80 36

TOTAL 3312 46 43 1882 88 96

* Amount relates to Safe, Furniture, Vehicle & Machinery

281
SCHEDULE 15 - INTEREST EXPENDED (` in Thousands)

PARTICULARS Y E 31.03.2020 Y E 31.03.2019

I. Interest on deposits 12996 10 31 11230 34 56

II. Interest on Reserve Bank of India/Inter Bank borrowings 757 94 57 841 31 93

III.Others 44 50 43 95 05 48

TOTAL 13798 55 31 12166 71 97

SCHEDULE 16 - OPERATING EXPENSES (` in Thousands)

PARTICULARS Y E 31.03.2020 Y E 31.03.2019

I. Payments to and provisions for employees 2472 96 30 2222 87 25

II. Rent, Taxes and Lighting 317 91 89 298 40 91

III. Printing and Stationery 30 54 18 30 61 11

IV. Advertisement and Publicity 8 83 46 9 03 98

V. Depreciation on Bank's property 313 63 06 258 96 55

VI. Directors' fees allowance and expenses 89 93 1 11 94

VII. Auditors' fees and expenses(including branch auditors) 34 18 00 41 59 53

VIII Law Charges 8 58 34 5 39 84

IX. Postage, Telegrams and Telephones 51 66 96 64 01 15

X. Repairs and Maintenance 93 72 73 95 03 41

XI. Insurance 286 90 24 256 33 87

XII. Other Expenditure 800 98 83 736 97 13

TOTAL 4420 83 92 4020 36 67

282