of NABARD Inspection Report Suspense Due to Unrealised Assets

Of nabard inspection report suspense due to

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of NABARD Inspection Report [2007-08] 872.6 Suspense Due to Unrealised Assets above 3yrs [Sch-B] 20.8 Release of Reserve for the loss on Account of Recast of Balancesheet of NABARD Inspection Report [2004-05] 795.31 Reserve Salable Forms unreconciled 1.25 Suspense due to Debt Relief 2008 158.7 Reserve for loss assessed by NABARD 1667.9 Net Profit after Reserves 107.64 TOTAL 3697.45 3697.45 Table-4.11 74
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Balance Sheet as on 31-03-2010 [Rupees in Lakhs] 75 Sl.No Liabilities Schedu le No As on 31- 03-2010 Assets Schedu le No As on 31- 03-2010 1 Share Capital 01 3303.45 Cash on Hand 18 1918.02 2 Statutory Reserves 02 3160.90 Cash at Banks 07 1086.50 3 Deposits 03 23039.78 Investments 08 14544.57 4 Borrowings 04 14800.60 Loans &Advances 09 27149.96 5 Head office A/C 5A 52.24 Adj.Heads Due to 11 426.41 6 Adj.Heads Due By 6 1207.57 Fixed Assets 10 173.51 7 Interest Payable 1250.23 Salable Forms 17 4.77 8 Other Liabilities 15 365.57 Interest Receivable on loans 13 1271.57 9 Reserve for Maritorium Interest _ Interest Receivable on Investments 14 127.19 10 Reserve for P.M.Relief Fund due from Govt. _ Other Assets 16 281.19 11 Interest Receivable against loans 13A 49.33 12 Profit& Loss A/c (loss) 147.31 Grand Total 47180.37 47180.37
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Table-4.12 76
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Profit & Loss Account for the Year ended 31-03-2010 [Rupees in Lakhs] Expenditure Amount Income Amount Interest Paid and Due Interest Received on Loans Sch-A 3051.9 a)Actually paid on Borrowings & Deposits 2995.7 Interest Actually Collected 4.9 Establishment Charges 628.7 + Interest Receivable at the end of the year 1.4 Contingent Charges paid 142.08 -Amt receivable at the end of the last year 3.36 Audit fee transferred to P&L A/c relating last yr - Contingent Charges Received .174 Depreciation on Fixed Assets 17.08 Net loss for the year 2009-10 557.3 Net loss carried down 557.3 Release of Reserve for OD Interest 1000.00 Reserve for Education Fund - Release of Moratorium Intrest 2005-06 on account of full recovery - Reserve for Agri.Stabilisation Fund 2.03 Release of P.M.package interest PADB at NABARD Inspection Report - Reserve for unoperative current accounts with other banks 1.29 Release of Reserve for the loss on Account of Recast of Balancesheet of NABARD Inspection Report [2007-08] - Reserve for Unreconciled Accounts 91.7 Release of Reserve for the loss on Account of Recast of Balancesheet of NABARD Inspection Report [2004-05] - Provision for Statutory Audit Fee 1.3 Provision for Concurrent Audit fee 6.9 Reserve for loss assessed by NABARD - Net Profit after Reserves 235.10 TOTAL 1000.00 1000.00 Table-4.13 77
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78 Table-4.16 Source-Annexures Table-4.16
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Table-4.17 Source-Annexures
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80 Table-4.18 Source-Annexures
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2006-07 2007-08 2008-09 2009-10 2010-11 0 2000 4000 6000 Total Interest on loans & advances taken to P&L A/c 2006-07 2007-08 2008-09 2009-10 2010-11 0 1000 2000 3000 4000 Interest Accrued but not due 2006-07 2007-08 2008-09 2009-10 2010-11 0 1000 2000 3000 4000 Over due interest accrued 81
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2006-07 2007-08 2008-09 2009-10 2010-11 0 1 2 3 4 5 6 OD interest provision required to make for OD interest and other income taken to P&L A/c 2006-07 2007-08 2008-09 2009-10 2010-11 0 50 100 150 200 Other income taken to P&L A/c CHAPTER 5 SUGGESTIONS & CONCLUSIONS 82
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83
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Conclusions & Suggestions: The bank authorities are advised to take the following steps to identify the NPA’s and to prevent the accumulation of NPA’s in the years to come. Recovery Policy: The bank should have a loan recovery policy stipulating the manner of recovery of dues, arbited level of reduction in NPA’s from 18.38%.The bank had reached the minimum level of NPA’s in
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