# The Bank operates only in domestic segment.
NOTES:
1. The Bank has followed the same Accounting Policies in preparation of
these financial statements as were followed in the Annual financial statements for the year ended
31
st March, 2009
2. The above results have been subjected to limited review by the
Statutory Central Auditors and were taken on record by the Board of Directors of the bank at its
meeting held on 23.01.2010.
3. a) Working results for the nine months ended
on 31.12.2009 have been arrived at after making necessary provisions.
b) In one account, which was declared as non-performing asset, the
provision has been made to the extent of Rs.130.42 crore as on 30th September 2009, and the balance
has to be provided for in ensuing two quarters, as permitted by RBI. However, the bank has
made full provision of Rs.113.17 crore during the quarter.
4. Pending finalization at Industry level settlement and wage revision, a
sum at Rs.25 Crore has been provided for on an estimated basis during the quarter towards arrears
and included under Employees cost. The total provision on this account is Rs.110 crore during the
nine months. Provision for staff retirement benefits are provided for the nine months ended on 31st
December, 2009, on an estimated basis.
5. a) In terms of ‘Agricultural Debt Waiver and Debt Relief Scheme,
2008’ framed by the Government of India, the Bank has made provision for inadmissible
interest, expenses and differential amount of eligible claim based on the Certification by
Statutory Central Auditors. The Final claim of Rs.147.12 Crore is submitted to Reserve Bank of
India being the amount waived after due verification by the Statutory Central Auditors of the Bank
and a difference of Rs.5.95 crore has been written off during the nine months ended on 31st
December, 2009, out of which the Bank has received Rs.99.05 crore during the period.
b) Provision of Rs.5.98 crore towards loss in present value in case of
other farmers has been made as per Management calculation, in line with RBI guidelines.
6. The audit qualification as at March 31, 2009 with regard to provision
towards diminution in the fair value of restructured advances has been complied with by making
adequate provision during the period.
7. The figures of the previous period have been regrouped / rearranged,
wherever necessary
8. The number of shareholders' complaints
pending is Nil. Number of complaints received and resolved during the quarter are
1580.
