annual_report_2018-2019.pdf - RAJKOT NAGARIK ...

Smt. Rajashriben jani

A N N U A L R E P O R T 2 0 18-19

RAJKOT NAGARIK SAHAKARI BANK LTD.

01

Special Invitee Mukeshbhai Malkan (Prant Sanghchalak, R.S.S.-Gujarat Prant), the Chairman,Board of Directors and Delegates at the 65th Annual General Meeting of the Bank.

Seminar for guidance to the Panel advocates of the Bank.

b¡„L$“u 65du hpqj®L$ kp^pfZ kcpdp„ Q¡fd¡“îu, L$pe®hplL$ d„X$m“p kv$õep¡, X¡$rgN¡V¹$k A“¡ rhi¡jr“d„qÓs dyL¡$icpB dgL$pZ (NyS>fps âp„s k„OQpgL$-fpóV²$ue õh„ek¡hL$ k„O)

b¢L$“p ‘¡“g A¡X$hp¡L¡$V$ dpV¡$ sS>op¡“p¡ dpN®v$i®“ k¡rd“pf.

A N N U A L R E P O R T 2 0 18-19


24th Free Cricket Coaching Camp organized by the Bank for the benefit of the kids.

b¢L$ Üpfp Apep¡rS>s 24dp¡ r“:iyëL$ q¾$L¡$V$ L$p¡tQN L¡$ç‘.

fpS>L$p¡V$ Mps¡ b¢L$“u l¡X$ Ap¡qakdp„ õhps„Ôe A“¡ âÅkÑpL$ ‘h®“u DS>hZudp„ rkÙp’® MÓu-ApB‘uA¡k(Å¡BÞV$ ‘p¡rgk L$rdi“f-fpS>L$p¡V$ il¡f), cpN®hcpB cË (âp„s D‘pÂen-cpfsue S>“sp ‘n),

âp¡a¡. AprijcpB iyL$g (klL$pe®hpl-fpóV²$ue õh„ek¡hL$ k„O-fpS>L$p¡V$ dlp“Nf)“u rhi¡j D‘[õ’rs.

Siddharth Khatri, IPS (Jt. Commissioner of Police, Rajkot City), Bhargavbhai Bhatt (Prant Vice President, BJP, Gujarat),Prof. Ashish Shukla (SahKaryavah, RSS, Rajkot Mahanagar) were present at a celebration of Independence

Day 2018 and Republic Day 2019 at Bank's Head Office, Rajkot.

02

A N N U A L R E P O R T 2 0 18-19


Shri Jyotindrabhai Mehta was felicitated on his being elected unopposed as the President of NAFCUB, a national federationof co-operative banks & credit societies. The Special guest on the occasion

was Suresh Prabhu ( Hon. Union Minister of Commerce & Industry, Aviation).

Financial help of Rs. 3,35,517/- to the flood affected people of Kerala.

klL$pfu n¡Ó“u khp£ÃQ k„õ’p, ‘“paL$b’dp„ AÝen sfuL¡$ Qy„V$pe¡gp S>ep¡suÞÖcpB dl¡sp“p¡ ‘klL$pqfsp kÞdp“ kdpfp¡l’L¡$ÞÖue hprZS>e A“¡ DÛp¡N d„Óu kyf¡i âcy“u D‘[õ’rsdp„ ep¡Åe¡g.

L¡$fm“p cujZ ‘|fdp„ AkfN°õs ‘uqX$sp¡“¡ “pNqfL$ ‘qfhpfS>“p¡ Üpfp êp. 3,35,517/-“u klpe.

03

A N N U A L R E P O R T 2 0 18-19


L$pe®hplL$ d„X$m“p¡ Al¡hpg 2018-2019REPORT 2018-2019

“pNqfL$ $‘qfhpf“p kÞdp_“ue kv$õeîuAp¡,

h¥qðL$ s’p cpfsue A’®s„Ó :-

Ap‘Zu b¢L$“u 66du hpqj®L$ kp^pfZ kcpdp„ D‘[õ’s Ap‘ kh£“y„ k„QpgL$ d„X$m hsu lpqv$®L$ õhpNs L$fy„ Ry>„.

Ns hj® v$frdep“ h¥qðL$ Apr’®L$ NrsrhrÂp¡ “bmu ‘X$u. hj® 2018dp„ “p¢^pe¡g 3.6% “u h¥qðL$ h©qÙ kpd¡ hj® 2019dp„ h¥qðL$ h©qÙ, BÞV$f“¡i“g dp¡r“V$fu a„X$ Üpfp 3.3% fl¡i¡ s¡hy„ ApL$g“ Ål¡f L$fhpdp„ Apìey„.h¥qðL$ Apr’®L$ h©qÙ“p d„v$ rhL$pk kpd¡ BÞV$f“¡i“g dp¡r“V$fu a„X$“p S>Zpìep dyS>b hj® 2018-19dp„ cpfs“u Apr’®L$ h©qÙ 7% fl¡hp“y„ A“ydp“ R>¡, S>¡ Nshj®dp„ 6.7% flu lsu.

hj® 2018-19“p A„s¡ cpfs“y„ rhv$¡iu lº„qX$epdZ ̂ V$u“¡ $ 411.90 AbS> (Ad¡qfL$u X$p¡gf) füy„ L¡$ S>¡ hj®“u iêApsdp„ A¡V$g¡L¡$ A¡râg 2018dp„

$ 426.08 AbS> (Ad¡qfL$u X$p¡gf) lsy„.

Ap hj®“p A„s¡ GST k„Qe 11.77 gpM L$fp¡X$ flep¡, S>¡ 13.71 gpM L$fp¡X$ ’hp“u ̂ pfZp lsu.

S|>“ 2018“u “pZp„L$ue “ursdp„ RBI A¡ f¡‘p¡f¡V$ 25 b¡rkk ‘p¡BÞV$ h^pfu“¡ 6.25% L$f¡g lsp¡, Ðepf bpv$ Ap¡NõV$ 2018“u “pZp„L$ue “ursdp„ afu A¡L$ hpf

f¡‘p¡f¡V$ 25 b¡rkk ‘p¡BÞV$ h^pfu“¡ 6.50% L$f¡g lsp¡. hj®“u A„rsd “pZp„L$ue “ursdp„ RBI A¡ f¡‘p¡f¡V$ 25 b¡rkk ‘p¡BÞV$’u ̂ V$pX$u“¡ 6.25% L$f¡g lsp¡.

f¡‘p¡f¡V$ ^V$pX$p“u kp’¡ RBI A¡ ^V¡$gp CPI s’p h¥qðL$ h©qÙ“p ^V$pX$p“¡ rlkpb¡ L¡$gubf¡V$ V$pBV$“]N“p õV$pÞk“¡ ÞeyV²$g L$f¡g lsy„. cpfs“p A’®sÓ ‘f Ap ‘Ngp“u kpfu Akf Å¡hpB flu R>¡.

RBIA¡ b¢qL$N rkõV$ddp„ sfgsp“u AR>s “ fl¡ s¡ dpV¡$ kdep„sf¡ Nhd£ÞV$ rkL$ep¡qfV$u Mfuv$u“¡ dpL£$V$dp„ sfgsp“u S>êqfeps ‘|fu ‘pX$hp buÅ A^®hpqj®L$

kdeNpmpdp„ Ly$g 2,50,000 L$fp¡X$“p OMO Üpfp Nhd£ÞV$ bp¢X$ bÅfdp„’u Mfuv$ L$f¡g, S>¡“p ’L$u bp¢X dpL£$V$dp„ ̂ Z¡ A„i¡ [õ’fsp Aphu.Ap hj® v$frdep“ DÑf L$p¡qfepA¡ ‘fdpÏ i÷p¡“y„ ‘funZ L$ey® lsy„. S>¡“¡ ‘qfZpd¡ h¥qðL$ eyÜ S>¡hu ‘qf[õ’rs kÅ®sp rhð“p dp¡V$pcpN“p “pZp„L$ue bÅfp¡dp„ A[õ’fsp ìep‘u lsu.Ap hj® v$frdep“ ey.A¡k. A“¡ QpB“p hÃQ¡ V¡$fua hp¡f“¡ gu^¡ rhð“p dp¡V$pcpN“p apB“pÞkuAg dpL£$V$dp„ Aphu Akfp¡ Å¡hp dm¡g.

hj® 2019-20 dpV¡$“y„ L¡$ÞÖ kfL$pf“y„ bS>¡V$ -

PM qL$ip“ (â^p“d„Óu qL$ip“ kÞdp“ r“r^) -

“p“p M¡X|$sp¡“¡ L¡$ S>¡ 2 l¡L$V$f kyû“u S>du“ ̂ fph¡ R>¡, s¡d“¡ hpqj®L$ 6000“u dep®v$p kyû r“^p®qfs AphL$ Ap‘hpdp„ Aphi¡, S>¡ 01-12-2018’u gpNy L$fhpdp„ Aph¡g R>¡.

kp¥cpÁe ep¡S>“p (â^p“d„Óu rbS>gu lf Of ep¡S>“p) -hj® 2014 kyû Apif¡ 2.5 L$fp¡X$ ‘qfhpfp¡“¡ huS>mu rh“p 18du kv$u“p Æh“ Æhhp dpV¡$ afS> ‘pX$hpdp„ Aphu lsu. ‘f„sy kp¥cpÁe ep¡S>“p l¡Wm Apif¡ 2.5 L$fp¡X$ ‘qfhpfp¡“¡ das huS> Å¡X$pZ Ap‘hpdp„ Aphi¡.

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04

A N N U A L R E P O R T 2 0 18-19


Apeyódp“ cpfs (â^p“d„Óu Apeyódp“ cpfs ep¡S>“p) -rhðcfdp„ kp¥’u dp¡V$u sbubu klpe ep¡S>“p Ns hj®“p hÃQNpmp“p bS>¡V$dp„ Ål¡f L$fhpdp„ Aphu. S>¡“p¡ gpc cpfscf“p gNcN 50 L$fp¡X$ Nfub A“¡

dÂed hN®“p gp¡L$p¡“¡ dmi¡. AÐepf kyûdp„ Ap ep¡S>“p l¡Wm gNcN 10 gpM gp¡L$p¡ das sbubu klpe“p¡ gpc gB Q|L$ep R>¡. S>¡“p¡ MQ® Apif¡ 300 L$fp¡X$ kyû“p¡ Ap„L$hpdp„ Aph¡g R>¡.Ap S> fus¡ â^p“d„Óu S>“ Ap¥jr^ ep¡S>“p l¡Wm gpMp¡ Nfub A“¡ dÂed hN® ‘qfhpfp¡“¡ ìepS>bu cph“u Ar“hpe® v$hpAp¡, L$pqX®$epL$ õV¡$ÞV$ A“¡ “u BçàgpÞV$ ‘|fp ‘pX$hpdp Aphu füp R>¡.hj® v$frdep“ Ap‘Zu b¢L$dp„ Apr’®L$ A“¡ AÞe NrsrhrÂp¡ “p¢^‘pÓ flu. s¡“y„ rQÓ Ap‘“u kdn âõsys R>¡.

(1) qX$rhX$ÞX$Qpgy hj£ 18% qX$rhX$ÞX$“u Q|L$hZu dpV¡$“u v$fMpõs Ap‘ kdn d„S|>f dpV¡$ âõsys R>¡.

(2) sp. 31-03-2019 “p fp¡S> k„‘ß hj®“u “pZp„L$ue rkqÙAp¡“u TgL$ “uQ¡ dyS>b R>¡.

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rhNs

kcpkv$p¡“u k„¿ep

“p¡rd“g kæep¡

i¡f c„X$p¡m

A“pds c„X$p¡m

’p‘Z

r^fpZ

fp¡L$pZLy$g AphL$

Ly$g MQ®

Ap¡‘f¡V$]N âp¡qaV$

“¡V$ âp¡qaV$

6199

1458

-6.26

26.85

215.81

109.17

95.68

-8.44

-15.44

4.57

7.00

286256

44273

44.96

558.71

4343.34

2465.48

1309.20

456.03

384.03

117.76

72.00

280057

42815

51.22

531.86

4127.53

2356.31

1213.52

464.47

399.47

113.19

65.00

31.03.18 31.03.2019 h^pfp¡ /OV$pX$p¡ V$L$phpfu

(3)

rhNs

L$p¡õV$ Ap¡a qX$‘p¡TuV$

fuV$“® Ap¡“ A¡X$hpÞk

fuV$“® Ap¡“ BÞh¡õV$d¡ÞV$

L$p¡õV$ Ap¡a a„X$

euëX$ Ap¡“ A¡k¡V¹$k

“¡V$ õâ¡X$

“¡V$ BÞV$f¡õV$ dpÆ®“

31.03.2018

6.36%

11.13%

7.43%

6.54%

9.32%

2.78%

3.15%

6.69%

11.95%

7.27%

6.96%

9.71%

2.75%

3.01%

31.03.2019

2.21%

3.41%

-12.22%

5.05%

5.23%

4.63%

7.88%

-1.82%

-3.87%

4.04%

10.77%

( L$fp¡X$dp„)?

** D‘fp¡L$s Ap„L$X$pAp¡ ‘¥L$u b¢L¡$ R>¡ëgp b¡ hj®’u kss 100 L$fp¡X$“p âp¡qaV$“y„ kudprQÞl ‘pf L$f¡g R>¡. Ap¡‘f¡V$]N âp¡qaV$ 117.76 L$fp¡X$ lp„kg L$fu, Ap‘ klº“p klL$pf’u âpàs L$f¡g R>¡.

(4) d|X$u ‘ep®àssp“p¡ NyZp¡Ñf (ku.Apf.A¡.Apf.)sp. 31-03-2019“p fp¡S> b¢L$“u d|X$u ‘ep®àssp“p¡ v$f 17.54% füp¡ R>¡. S>¡ qfTh® b¢L$“p r“^p®qfs gOyÑd 9% “p v$f L$fsp„ Mpõkp¡ D‘f füp¡ R>¡. b¢L$“p õhc„X$p¡m A“¡ Ap„sqfL$ “pZp„L$ue k„kp^“p¡ A“¡ Å¡Mdp¡ kl¡hp“u b¢L$“u dS>b|s ndsp Apdp„ ârstbrbs ’pe R>¡.

(5) b¢L$“p õhch“31-03-2019“p hjp®Þs¡ b¢L$“u 38 ipMpAp¡dp„’u 29 ipMpAp¡ õhch“dp„ L$pe®fs R>¡. N°plL$p¡“¡ h^y kpfu kyrh^p ‘|fu ‘X$hp“p DØ¡íe’u hj® v$frdep“ ‘X$^fu, S>„L$i“ àgp¡V$, Åd“Nf A“¡ S>¡s‘yf ipMp“y„ “hu“uL$fZ L$fhpdp„ Aph¡g R>¡. D‘fp„s dhX$u àgp¡V$ ipMp“y„ bp„^L$pd ‘|Zp®lºrs sfa R>¡ S>¡ V|„$L$ kdedp„ sØ“ “hp õhch“dp„ L$pe®fs ’i¡. kp’¡ kp’¡ A¡k.hu.‘u. fp¡X$ ipMp“p„ “hu“uL$fZ“y„ L$pd iê L$f¡g R>¡ A“¡ Np„û“Nf ipMp dpV¡$ “hu S>Áep“u Mfuv$u L$fhpdp„ Aph¡g, S>¡“y„ bp„^L$pd lh¡ iê L$fhpdp„ Aphi¡.

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05

A N N U A L R E P O R T 2 0 18-19


(6) kp¥f EÅ® ’L$u huS> bQsAp‘“¡ S>Zphsp d“¡ lj® ’pe R>¡ L¡$ Ap‘Zu b¢L¡$ ‘pf„‘qfL$ EÅ® (huS>mu“p) bv$g¡ kp¥f EÅ® sfa âepZ L$ey® R>¡. S>¡“p ‘qfZpd¡ Ap‘Z¡ huS>mu“p¡ ìee 50%

Ap¡R>p¡ L$fu iL$ep R>uA¡. lpg Ap‘Zp 17 ch“p¡dp„ Ap‘Z¡ kp¥f EÅ®“p àgp„V$ d|L$ph¡g R>¡. Ly$g 2.33 L$fp¡X$“p MQ£ d|L$ph¡g Ap rkõV$d“u Ly$g hpqj®L$ DÐ‘v$“

ndsp 10,75,940 eyr“V¹$k R>¡ S>¡ hs®dp“ huS>mu ìee v$f 8.50 “p v$f’u 26.80 gpM“u hpqj®L$ bQs L$fhpdp„ klpeL$ b“¡ R>¡.

(7) r^fpZ

(i) f¡ÁeygpqfV$u qf‘¡d¡ÞV$ fuhp¡X®$ Üpfp r^fpZ âp¡k¡tkN QpS>®dp„’u dy[¼s :b¢L$dp„’u 50,000/- D‘f“y„ r^fpZ d¡mhu r“erds Q|L$hZu L$f“pf N°plL$p¡“¡ f¡ÁeygpqfV$u qf‘¡d¡ÞV$ qfhp¡X®$ A„sN®s L¡$i ¾¡$qX$V$ / Ap¡hfX²$pL$V$“p Mps¡v$pfp¡“¡ fuìey/qfÞeyAg âp¡k¡k au (S>¡ r^fpZ rgrdV$“p 0.50% R>¡)dp„’u dy[¼s Ap‘hp“y„ W fphpe¡g. S>¡“p¡ Adg Ap hj£ ‘Z Qpgy füp¡ lsp¡.

(ii) S>¡“¡qfL$ v$hp“p õV$p¡f iê L$fhp r^fpZ kyrh^p :ìepS>bu cph¡ S>¡“¡qfL$ v$hp dmu iL¡$ s¡ l¡sy“¡ A“ygnu“¡ S>¡“¡qfL$ v$hp“p õV$p¡f iê L$fhp s’p Qgphhp dpV¡$ kfL$pf âp¡Ðkpl“ Ap‘u flu R>¡, Ðepf¡ Ap‘Zu b¢L$ ‘Z kfL$pf“p âeÐ“p¡“¡ kam b“phhp ApNm hû“¡ S>¡“¡qfL$ v$hp“p õV$p¡f iê L$fhp L¡$ Qgphhp BÃRy>L$ kcpkv$p¡“¡ L$p¡B Ådu“, âp¡k¡k QpS>® L¡$ h^pfp“u rkL$ep¡qfV$u rh“p r^fpZ Ap‘u flu R>¡.

(iii) “pZp„L$ue riõs :Ap‘Zu b¢L$ CIBIL, EQUIFAX, EXPERIAN A“¡ CRIF HIGH MARK S>¡hp ¾¡$qX$V$ BÞap¡d£i“ åeyfp¡“u kv$õe R>¡. Ap’u Ap‘Z“¡ AfS>v$pf“p AÞe b¢L$p¡ kp’¡“p hl¡hpfp¡“u dprlsu dmu iL¡$ R>¡. Ap ìehõ’p“¡ L$pfZ¡ L$p¡B ‘Z b¢L$“p Ar“erds N°plL$ dpV¡$ AÞe b¢L$dp„’u r^fpZ d¡mhhy„ dyíL¡$g b“¡ R>¡. ¾¡$qX$V$ BÞap¡d£i“ åeyfp¡“p L$pfZ¡ b¢L$dp„’u r^fpZ g¡“pf ìe[¼s“¡ b¢qL„$N ìehõ’pdp„ fl¡g “pZp„L$ue riõs“u ÅN©rs Aph¡g R>¡.

(iv) kp¡“p-r^fpZ :Apf.bu.ApB. Üpfp kp¡“p r^fpZdp„ 1,00,000(A¡L$ gpM) kyû byg¡V$ fu‘¡d¡ÞV$ “u kyrh^p h^pfu 2,00,000(b¡ gpM) L$fu R>¡. Ap‘Zu b¢L¡$ ‘Z Ap kyrh^p“p¡ gpc N°plL$p¡“¡ Ap‘¡g R>¡. svy$‘fp„s L$p¡B A¡L$ S> ipMpdp„’u kp¡“p r^fpZ d¡mhhp“p bv$g¡ 15 ipMpAp¡dp„’u kp¡“p r^fpZ dm¡ s¡hp„ ‘Ngp„ gu^p R>¡.

(v) dy¿edd„Óu Aphpk ep¡S>“p :‘ “p“p dpZk“u dp¡V$u b¢L$’ “y„ k|Ó Qqfsp’® L$fsu Ap‘Zu b¢L$ Üpfp Ap¡R>u AphL$ ̂ fphsp„ gp¡L$p¡ ‘p¡sp“y„ Of gB iL¡$ s¡ dpV¡$ ‘dy¿ed„Óu Aphpk ep¡S>“p’ A„sN®s gp¡““u õL$ud Adgu L$fpe¡g R>¡. Ap gp¡““u õL$ud l¡Wm Ap‘Zu b¢L$ r“ç“ AphL$ hN®“p gp¡L$p¡“¡ Of“y„ Of hkphhp“u sL$ Ap‘¡g R>¡. kdunpû“ hj®“p A„s¡

Apif¡ 1900 Mpspdp„ 57.00 L$fp¡X$“y„ r^fpZ 8.25% ’u 11% “p fpls ìepS>“p v$f¡ Apàey„ R>¡.

(vi) hX$pâ^p“ fp¡S>Npf r“dp®Z L$pe®¾$d l¡Wm r^fpZ Ap‘hp“u ep¡S>“p :DÐ‘pv$“ n¡Ódp„ 10.00 gpM’u h^y s’p k¡hp n¡Ódp„ 5.00 gpM’u h^y MQ® ̂ fphsp “hp õ’pr‘s ’sp DÛp¡N L¡$ S>¡, hX$pâ^p“ fp¡S>Npf r“dp®Z L$pe®¾$d (âpBd rdr“õV$f A¡çàgp¡ed¡ÞV$ S>“f¡i“ âp¡N°pd)l¡Wm fÆõV$X®$ ’e¡gp lp¡e A“¡ Ap ep¡S>“p dyS>b“p AÞe dp‘v$„X$p¡ ‘|fp L$fsp lp¡e s¡Ap¡“¡, s¡d“p kplkdp„ h¡N Ap‘hp s’p AÞe ̂ „^pL$ue S>êqfepsp¡ ‘|fu L$fhp b¢L$ Üpfp r^fpZ khgs Ap‘hp“y„ iê L$f¡g R>¡.

(vii) ar“®Qf gp¡“ :lpg“p eyNdp„ ar“®Qf“p¡ D‘ep¡N AphíeL$ ’sp¡ Åe R>¡ Ðepf¡, DÛp¡N / ^„^p L¡$ Ap¡qak dpV¡$ s¡dS> N©l D‘ep¡N dpV¡$ N°plL$p¡“u ar“®Qf dpV¡$“u S>êqfepsp¡“¡ k„sp¡jhp Ns hj®’u b¢L¡$ ar“®Qf gp¡“ ep¡S>“p Adgdp„ d|L¡$g R>¡. S>¡“p ’L$u v$f¡L$ N°plL$ kfmsp’u ar“®Qf Mfuv$ L$fu fp¡tS>v$p L$pd“¡ kfm b“phu iL$i¡. r^fpZ ep¡S>“pAp¡ ’L$u b¢L$ l„d¡ip rhrh^ N°plL$p¡“u rhrh^ S>êqfeps“¡ k„sp¡jhp s’p s¡d“p fp¡tS>v$p L$pd“¡ kfm b“phhp“p âeÐ“p¡ L$fsu flu R>¡ A“¡ L$fsu fl¡i¡.

(8) V$¡L$“p¡gp¡Æ ’L$u N°plL$ k¡hpdp„ ky^pf R>¡ëgp L¡$V$gpL$ hfkp¡’u b¢qL„$N n¡Ódp„ V¡$L$“p¡gp¡Æ“p âh¡i“¡ gB b¢qL„$N k¡hpAp¡dp„ Ac|s‘|h® ¾$p„rs Aphu R>¡. ku.V$u.A¡k, A¡“.A¡.ku.A¡Q, ¾¡$qX$V$ - X¡$rbV$ L$pX®$, dp¡bpBg b¢qL„$N, BÞV$f“¡V$ b¢qL„$N (ìey Ap¡Þgu), A¡V$uA¡d, hN¡f¡ kyrh^pAp¡“¡ gB b¢qL„$N kfm A“¡ TX$‘u bÞey„ R>¡. A¡V$gy„ S> “lu, b¢qL„$N k¡hp dpV¡$ b¢L$ch“dp„ S>hp“u AphíeL$sp“p¡ R>¡v$ DX$phu v$¡ s¡hp¡ kde Aphu füp¡ R>¡. lh¡ b¢L$ ipMp A“¡ b¢qL„$N Ap‘“p g¡‘V$p¡‘ / L$p¡çàeyV$f / V¡$b L¡$ dp¡bpBgdp„ kdpB Nep„ R>¡.

(i) L$p¡f b¢qL„$N k¡hp s’p A¡.V$u.A¡d.Ap‘Z¡ AÛs“ V¡$L$“p¡gp¡Æ ̂ fphsy„ L$p¡f b¢qL„$N kp¡aV$h¡f qa“L$p¡f lp„kg L$fu“¡ hj® 2011-12 dp„ b¢L$“u bû S> ipMpAp¡“¡ L$p¡f b¢qL„$N’u Aphfu gu^¡g R>¡. s¡“¡ Ap“y„j„rNL$ N°plL$ k¡hp“p kp^“p¡ S>¡hp L¡$ A¡“u b°p„Q b¢qL„$N A“¡ A¡V$uA¡d k¡hp iê L$f¡g R>¡. Ap‘Zp Ly$g 38 A¡V$uA¡d 24 L$gpL$ k¡hp Ap‘¡ R>¡.b¢L¡$ ê‘¡ A¡V$uA¡d-L$d-X¡$rbV$ L$pX®$ iê L$f¡g, S>¡“p Üpfp Ap‘Zu b¢L$“p N°plL$p¡ L$p¡B ‘Z ATM ‘f’u ApMp cpfs“p 2,50,000 D‘fp„s A¡V$uA¡d L¡$ÞÖp¡ ‘f A¡V$uA¡d L$pX®$“p¡ D‘ep¡N L$fu “pZp/fp¡L$X$ D‘pX$u iL¡$ R>¡. Ap L$pX®$ Üpfp fp¡L$X$p D‘pX$ L$fhp D‘fp„s B-L$p¡d kyrh^p kÄS> X¡$rbV$ L$pX®$ lp¡hp’u v$¡icf“p 11,00,000 ’u h^y POS diu“ ‘f’u s¡d S> Ap¡“gpB“ Mfuv$u, rbg-‘¡d¡ÞV$, h. L$fu iL$pi¡ s¡d S> “pNqfL$ b¢L$“p A¡V$uA¡d ‘f’u X$ui$ V$uhu qfQpS>®, dp¡bpBg qfQpS>® A“¡ a„X$ V²$pÞkaf ‘Z L$fu iL¡$ R>¡. Ad“¡ Ap“„v$ R>¡ L¡$ b¢L$“p eyhp Mps¡v$pfp¡ dpV¡$ Ap^yr“L$ b¢qL„$N“p¡ Ap“„v$ fp¡dp„QL$ A“ych b“u fl¡ R>¡. svy$‘fp„s Apf.bu.ApB.“p Apv$¡i“¡ A“ygnu“¡ b¢L$. v$f¡L$ N°plL$p¡“¡ Sy>“p A¡V$uA¡d-L$d-X¡$rbV$ L$pX®$ qfàg¡k L$fu “hp Qu‘ b¡BT A¡V$uA¡d-L$d-X¡$rbV$ L$pX®$ Ap‘hp“u L$pe®hplu ‘Z iê L$f¡g R>¡.

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06

A N N U A L R E P O R T 2 0 18-19


(ii) Ap^pf rgÞL$X$ N¡k kbrkX$u s¡d S> A¡“.‘u.ku.ApB. “u k¡hpAp¡Ap ep¡S>“p l¡Wm N°plL$p¡“¡ N¡k kbrkX$u ku^p ‘p¡sp“p Mpspdp„ L$p¡B ‘Z dyíL¡$gu hNf S>dp dmu Åe R>¡.cpfs“p sdpd “p“p hN®“p gp¡L$p¡ kyû b¢qL„$N“p rhT““¡ rdi“ b“phu Qpgsu kfL$pf¡ ApfbuApB s¡d S> A¡“‘ukuApB“¡ kp’¡ fpMu ipkL$ue kbrkX$u“¡ ku^p gpcp’}“p Mpspdp„ S>dp Ap‘hp’u gB“¡ RuPay L$pX®$ kyû“u kyrh^pAp¡“¡ ep¡Áe ê‘ Apàey„. Ap‘Zu b¢L¡$ ‘Z Ap bû S> kyrh^pAp¡“¡ gp¡L$p¡ kyû ‘lp¢QpX$u R>¡, s¡“p¡ Ad“¡ lj® R>¡. crhóedp„ Ap rdi“dp„ ipk““u kp’¡ flu “p“pdp„ “p“p gp¡L$p¡ kyû bû S> b¢qL„$N kyrh^p ‘lp¢Q¡ s¡hp¡ Adpfp¡ “½$f âepk fl¡i¡.

(iii) dp¡bpBg b¡„qL„$N s’p AÞe k¡hpAp¡b¢L$ Üpfp dp¡bpBg b¢qL„$N“u kyrh^p iê L$fhpdp„ Aphu S>¡“p¡ gpc lpg 20,000’u h^y N°plL$p¡ gB füp R>¡, Ap kyrh^p ’L$u b¢L¡$ Ap^yr“L$ b¢qL„$N“¡ v¡i“u rhrh^ V¡$rgL$p¡d L„$‘“uAp¡“p k’hpf¡ N°plL$p¡“p lp’ kyû ‘lp¢Qpsu L$fu R>¡. rbT“¡k L$p¡fk‘p¡ÞX$ÞV$ (BC), rbT“¡k a¡rkrgV¡$V$f$ (BF), B-‘pkbyL$ S>¡hu kyrh^pAp¡ iê L$fhpdp„ Aph¡g R>¡. Ap D‘fp„s cpfs rbg ‘¡d¡ÞV$ rkõV$d (bu.bu.‘u.A¡k) s’p AV$g ‘¡Þi“ ep¡S>“p (APY) S>¡hu k¡hpAp¡ dpV¡$ Ns hj® v$frdep“ b¢L$“y„ fÆõV²¡$i“ iL$e bÞey„ R>¡. Ap ep¡S>“pAp¡ Aphsp hj®dp„ L$pe®fs ’i¡. Aph“pf v$iL$dp„ b¢L$“u ipMp D‘f“p auTuL$g V²$pqaL$ X¡$V$p V²$pqaL$dp„ ‘qfhrs®s L$fhp“p DØ¡i’u V¡$L$“p¡gp¡Æ“p¡ cf‘|f D‘ep¡N L$fhp¡ R>¡. Ap^yr“L$ Bg¡L$V²$p¡r“L$ ‘¡d¡ÞV$ rkõV$d“¡ âp¡Ðkpl“ Ap‘u “Less Cash Society in India”

“p rhQpf“¡ Qqfsp’® L$fhp sfa Ap‘Z¡ AN°kf R>uA¡.(9) d¡“¡S>d¡ÞV$

(i) rbT“¡k âp¡k¡k qfA¡ÞÆr“ef]Nb¢L$ Üpfp lp’ ^fhpdp„ Aph¡g ky^pfp“u âq¾$ep A¡ kss Qpgsu âq¾$ep b“¡g R>¡. b¢L$“u “urs A“¡ L$pe®‘Ùrs“¡ Aphfu g¡su Sy>v$u Sy>v$u ‘p¡rgkuAp¡ ^X$hpdp„ Aph¡g R>¡. s¡dp„ hMsp¡hMs ky^pfZp A“¡ qfìey ’sp fl¡ R>¡.

(ii) bp¡X®$“u r“erds b¡W L$p¡hj® v$frdep“ bp¡X®$“u ‘pqnL$ A„sf¡ 26 b¡WL$p¡ dmu R>¡ S>¡dp„ r^fpZ rhjeL$ r“Z®ep¡ D‘fp„s ‘p¡rgku ̂ X$sf A“¡ ky^pfZp A„N¡“p r“Z®ep¡ L$pedu ̂ p¡fZ¡ lp’ D‘f g¡hpdp„ Aph¡ R>¡.(10) kcpkv$ k¡hpAp¡

(i) b¡V$u h^php¡ ep¡S>“pS>epf¡ kdN° rhðdp„ ‘yfyj-÷u bpmL$“p¡ f¡riep¡ (NyZp¡Ñf) qv$“-ârsqv$“ ̂ V$sp¡ Åe R>¡. Ðepf¡ ‘yÓuS>Þd“p¡ v$f h^¡ s¡hp Ddv$p l¡sykf b¢L$ Üpfp b¡V$u h^php¡ ep¡S>“p iê L$fhpdp„ Aphu. S>¡ A„sN®s ‘yÓufÐ““p ApNd““¡ h^phhp b¢L$ Üpfp ‘yÓu“p S>Þd“p iyc Ahkf ‘f b¢L$“y„ kæe‘v$ D‘lpfdp„ Ap‘hp“p¡ r“Z®e L$f¡g R>¡.

(ii) qL$X$“u fp¡N, L¡$Þkf s’p AÞe budpfu’u ‘uqX$s kcpkv$p¡“¡ klpeb¢L¡$ il¡f“u “uQ¡ dyS>b“u lp¡[õ‘V$gp¡dp„’u kcpkv$p¡“¡ klpe dpV¡$“u ìehõ’p L$f¡g A“¡ Qpgy hj£ Ap klpe“u fL$ddp„ h^pfp¡ L$f¡g R>¡.A) X$peprgkuk kpfhpf dpV¡$ bu. V$u. khpZu L$uX$“u lp¡[õ‘V$g kp’¡.B) L¡$Þkf ‘uqX$sp¡“¡ kpfhpf dpV¡$ fpS>L$p¡V$ L¡$Þkf lp¡[õ‘V$g kp’¡.C) N„cuf dp„v$NuAp¡“u kpfhpf dpV¡$ hp¡L$lpV®$ lp¡[õ‘V$g, rk“Æ® lp¡[õ‘V$g A“¡ Np¡Ly$g ky‘f õ‘¡rieprgV$u lp¡[õ‘V$g fpS>L$p¡V$ s’p kuçk lp¡[õ‘V$g, Adv$phpv$ kp’¡.D) Apf. bu. L$p¡W pfu r“v$p“ L¡$ÞÖ A“¡ ‘„Q“p’ kph®S>r“L$ d¡X$uL$g V²$õV$ fpS>L$p¡V$dp„ kcpkv$p¡“¡ l¡ë’ Q¡L$A‘ fpls v$f¡ ’pe s¡hu ep¡S>“p b“phu R>¡.

(iii) kcpkv$p¡“¡ AL$õdps hudp kyfnp kyrh^pb¢L$“p 18 hj®’u D‘f“p A“¡ 70 hj®’u “uQ¡“p gNcN b¡ gpM ’u h^pf¡ kcpkv$p¡“¡ AL$õdps hudp ep¡S>“p l¡W X$ 1,00,000/- (A¡L$ gpM) “y„ hudp L$hQ b¢L$“p MQ£ ‘|fy„ ‘pX¡$g R>¡. Ap hudp L$hQ S>¡ s¡ kcpkv$p¡“¡ bQs Mpsp/Qpgy Mpsp“p Mpsp^pfL$ sfuL¡$ dmhp‘pÓ fnZ D‘fp„s“p h^pfp“p fnZê‘¡ A‘ph¡g.hj® v$frdep“ kcpkv$p¡“¡ ApL$[õds Ahkp““¡ gB Ly$g 38,00,000/- “p L$g¡Bd d„S|>f L$fphu“¡ Q|L$hhpdp„ Aph¡g R>¡. s¡d S> N°plL$p¡“¡ Ly$g

7,00,000/- “p L$g¡Bd Q|L$hpe¡g R>¡. Apd Ly$g 45,00,000/- “u fL$d Q|L$hhpdp„ Aph¡g R>¡.(11) Açb°¡gp krh®kfpóV²$ueL©$s A“¡ âpBh¡V$ b¢L$p¡“p rhipm dpmMphpmu A“¡ MQp®m V¡$L$“p¡gp¡ÆeyL$s diu“fu ̂ fphsu k¡hpAp¡“u õ‘^p®dp„ s¡d“u kdL$n k¡hpAp¡ ‘|fu ‘pX$hp“p¡ ‘X$L$pf klL$pfu b¢L$p¡“u S>hg„s kdõep R>¡. “p“u b¢L$p¡“¡ Ap V¡$L$“p¡gp¡Æ“p¡ MQ® “ ‘p¡jpB iL¡$ s¡ õhpcprhL$ R>¡. s¡hp kde¡ Ap‘Zu b¢L$ AÞe “p“u klL$pfu b¢L$p¡“¡ Aphu k¡hpAp¡ ‘|fu ‘pX$hp ApNm Aphu R>¡. Açb°¡gp krh®k“p “pd¡ âQrgs A¡hu Ap k¡hpAp¡ v$p.s. ku.V$u.A¡k, A“¡.A¡.ku.A¡Q, X¡$V$p k¡ÞV$f i¡f]N, h. dp„ Ap‘Z¡ dp¡Vy„$ fp¡L$pZ L$fu AÞe b¢L$p¡“¡ gpc Ap‘uA¡ R>uA¡. svy$‘fp„s AÞe klL$pfu b¢L$p¡“p õV$pa“¡ ârinZ dpV¡$ ‘Z kyrh^p ‘|fu ‘pX$uA¡ R>uA¡.(12) kpdprS>L$ A“¡ kp„õL©$rsL$ S>hpbv$pfuAp¡“y„ hl“

(i) hp„Q“ ‘fbhj® 2016 “p d¡ dpk’u b¢L$“u l¡X$ Ap¡qak ‘f v$f drl“p“p ÓuÅ ir“hpf¡ hp„Q“ ‘fb A„sN®s Æh“ D‘ep¡Nu ‘yõsL$“p fkpõhpv$“p¡ L$pe®¾$d“p Apep¡S>““¡ ky„v$f ârskpv$ dm¡ R>¡. “pNqfL$ ‘qfhpfdp„ kpfp hp„Q“ âÐe¡ êrQ ÅN¡ s¡ dpV¡$ Ap L$pe®¾$d ep¡S>hpdp„ Aph¡ R>¡. hj® 2018-19 v$frdep“ Aphp Apep¡S>“p¡dp„ hL$sp sfuL¡$ X$p¸. “f¡i h¡v$, kyîu v$i®“p ̂ p¡mqL$ep. X$p¸. bmh„s Å“u, îu d^y fpe, îu S>e hkphX$p, îu hk„sv$p“ NY$hu, îu kgud kp¡dpZu, îu rh“p¡v$ Å¡iu, îu Æo¡i AÂepê, îu d“p¡S> iyL$g s’p ArcdÞey dp¡v$u krls“p dlp“ycphp¡ rhrcß ‘yõsL$p¡ ‘f hL$sìe Ap‘u Nep lsp.

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A N N U A L R E P O R T 2 0 18-19


(ii) S>mk„Qe Arcep““¡ h¡N Ap‘hp õgp¡N“ õ‘^p®“y„ Apep¡S>“ lpg hfkp¡hfk ‘pZu“u kdõep rhL$V$ b“su Åe R>¡. s¡“p âÐe¡ S>“ÅN©rs ApZhp b¢L$ Üpfp S>mk„Qe Arcep““¡ h¡N Ap‘hp NyS>fps“p âÅS>“p¡ dpV¡$ A¡L$ õgp¡N“ õ‘^p®“y„ Apep¡S>“ L$fhpdp„ Aph¡g. S>¡ A„sN®s Ål¡f S>“spdp„’u 1126 õgp¡N“ Ap‘hpdp„ Apìep lsp. fpS>L$p¡V$ ç‘yr“rk‘g L$rdi“f îu b„R>pr“r^ ‘p“u, õ’pr“L$ L$p¡g¡S>“p âp¡a¡kf îu Aprij iyL$g A“¡ b¢L$“p Q¡fd¡““u b“¡gu ‘¡“g Üpfp Apdp„’u 10 î¡óW õgp¡N““¡ ‘k„v$ L$fpep lsp. îu ‘p“u s’p îu iyL$g“p lõs¡ ‘yfõL$pf A¡“pes L$fpep lsp.

(iii) q¾$L¡$V$ L$p¡tQN 23dp¡ L¡$ç‘ :v$f hj®“u S>¡d Ns hj® D“pmy h¡L¡$i“dp„ r“:iyëL$ q¾$L¡$V$ L$p¡tQN L¡$ç‘“y„ Apep¡S>“ L$fhpdp„ Aph¡g A“¡ s¡dp„ 360 rhÛp’}Ap¡A¡ DÐkpl‘|h®L$ cpN gu^p¡.

(iv) s¡S>õhu rhÛp’}Ap¡“¡ âp¡Ðkpl“ A“¡ rióeh©qÑb¢L$ Üpfp 366 kcpkv$ ‘qfhpf“p s¡S>õhu spfgpAp¡“¡ kÞdp“hpdp„ Aph¡g A“¡ rhrh^ c¡V$/‘yfõL$pf A¡“pes L$fhpdp„ Aph¡g R>¡. s¡d S> 194 kcpkv$ ‘qfhpf“p s¡S>õhu rhÛp’}Ap¡“¡ õL$p¡gfiu‘ ‘Z Ap‘hpdp„ Aph¡g R>¡.

(v) õhps„Ôe A“¡ âÅkÑpL$ qv$““u DS>hZuAp‘Z¡ l¡X$Ap¡qak s’p sdpd ipMpAp¡dp„ 15 Ap¡NõV$ s’p 26 ÅÞApfu“p qv$hk¡ ÂhS>h„v$““u kp’p¡kp’ AM„X$ cpfs õd©rsqv$“ s’p cpfsdpsp ‘|S>““p L$pe®¾$dp¡ ep¡Åep, S>¡dp„ “pNqfL$ ‘qfhpf s’p N°plL$p¡ DÐkplc¡f Å¡X$pep lsp.

(vi) õ’p‘“p qv$““u DS>hZu A“¡ v$f¡L$ ipMp ‘f N°plL$ rdg“b¢L¡$ ‘pf„‘qfL$ fus¡ õ’p‘“p qv$““u DS>hZu L$fu. sp. 05/10/2018 “p fp¡S> s’p s¡ kàspl v$frdep“ ipMp kyip¡c“ A“¡ rhrh^ õsf“u õ‘^p®Ap¡“y„ Apep¡S>“ L$fhpdp„ Aph¡g. b¢L$“u blpfNpd“u ipMpAp¡“p õ’p‘“p qv$hk“u DS>hZu ‘Z S>¡ s¡ ipMpdp„ DÐkplc¡f L$fhpdp„ Aphu lsu. õ’p‘“p qv$““u DS>hZu“p cpN ê‘¡ rhrh^ ipMpAp¡“p N°plL$p¡“y„ rdg“ ‘Z Apep¡rS>s L$fhpdp„ Apìey„ lsy„.(13) dp“h k„kp^“ rhL$pk

(i) dp¡V$uh¡i“g L$pe®¾$d A“¡ h¡ëa¡f õL$udb¢L$“p õ’p‘“p qv$“ r“rdÑ¡ sdpd L$d®Qpfu dpV¡$ ¿eps“pd dp¡V$uh¡i“g Nyê îu rldp„iy b|Q Üpfp Arcâ¡fZpÐdL$ L$pe®¾$d“y„ Apep¡S>“ L$fhpdp„ Aph¡g, S>¡dp„ õ’pr“L$ s’p blpfNpd’u blp¡mu k„¿epdp„ L$d®QpfuNZ D‘[õ’s fl¡g. svy$‘fp„s L$d®QpfuAp¡ s’p s¡d“p ‘qfhpf“p DÐL$j® dpV¡$ h¡ëa¡f õL$ud OX$hpdp„ Aphu L¡$ S>¡dp„ ep¡N, Æd, B“X$p¡f-ApDV$X$p¡f fdsp¡ hN¡f¡ ’L$u s¡Ap¡ âp¡Ðkprls ’pe.Ap‘“u kdn b¢L$“u âNrs“p S>¡ Ap„L$X$p fS|> L$ep® R>¡, s’p S>¡ kpdprS>L$ A“¡ kp„õL©$rsL$ ep¡Nv$p“ b¢L$ Ap‘u flu R>¡, s¡ b¢L$“p¡ kdN° L$d®Qpfu ‘qfhpf Mc¡Mcp rdgphu r“óWp A“¡ hapv$pfu’u L$pe®fs R>¡, s¡“y„ S> ‘qfZpd R>¡.

(ii) op“ A“¡ L$p¥igh©qÙkdunp^u“ hj® v$frdep“ NAFCUB s’p NyS>fps Ab®“ L$p¡-Ap¡‘. a¡X$f¡i““p dpN®v$i®“ “uQ¡ rhrh^ spgudu L$pe®¾$dp¡ Apep¡rS>s ’ep. Ap âp¡N°pd b¢L$“p L$d®QpfuAp¡“¡ OZp S> D‘ep¡Nu ’ep R>¡.L$d®Qpfu ârinZ kss Nrsiug âh©qÑ flu R>¡. hj® 2018-19 v$frdep“ 39 L$d®QpfuAp¡“¡ / Ar^L$pfuAp¡“¡ ârinZ A’£ rhrh^ k„õ’pAp¡dp„ dp¡L$ghpdp„ Aph¡g. 21 V²¡$t“N L$p¡k®“y„ Apep¡S>“ Ap‘Zp ‘p¡sp“p ârinZ L¡$ÞÖdp„ L$fhpdp„ Aph¡g, S>¡“p¡ gpc 866 L$d®QpfuAp¡A¡ “uQ¡ A“ykpf gu^¡g.

d¡“¡S>f s’p DÃQ Ar^L$pfu

L$gpL$® / Sy>r“ef / L$p¡çàeyV$f Ap¡‘f¡V$fA¡[¼TL$eyqV$h 472

Sy>r“ef Ap¡qakf / kur“ef A¡[¼TL$eyqV$h

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(iii) õ‘^p®ÐdL$ ‘funpAp¡

(iv) âdp¡i“ :b¢L$dp„ S>epf¡ S>epf¡, S>¡ s¡ ‘p¡õV$ L$d®Qpfu“u r“h©qÑ L¡$ AÞe L$pfZp¡kf Mpgu ‘X¡$ R>¡, Ðepf¡ s¡ S>ÁepAp¡ b¢L$“p L$d®QpfuAp¡“¡ Ap„sqfL$ âdp¡i“ Ap‘u cfhp“u L$pdNufu kss âq¾$ep lp’ ̂ fpe R>¡. hj® v$frdep“ 165 L$d®QpfuAp¡“¡ D‘gp N°¡X$dp„ “uQ¡ dyS>b âdp¡i“ Ap‘hpdp„ Aph¡g R>¡.

Sy>r“ef Ap¡qakf / ku. A¡[¼TL$eyqV$h d¡“¡S>f

kb-õV$pa / Ap¡. AprkõV$ÞV$ / L$p¡. Ap¡‘f¡V$f Sy>. A¡[¼TL$eyqV$h 112

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A N N U A L R E P O R T 2 0 18-19


S>e klL$pf.k„QpgL$ d„X$m hsu“rg“ hkpQ¡fd¡“

sp. 29 Sy>“ 2019

âdp¡i““u k„‘|Z® âq¾$ep ‘pfv$i} A“¡ NyZhÑp“p dp‘v$„X$’u ’pe R>¡.

(v) k¡hpr“h©qÑ :hedep®v$p“¡ gB“¡ hj® v$frdep“ b¢L$“p îu hëgccpB fpdpZu A“¡ grgscpB r“d®m D‘fp„s 18 AÞe Ar^L$pfu/L$d®QpfuAp¡ k¡hpr“h©qÑ ’ep lsp.

(vi) (Ahkp“ ‘pd¡g L$d®Qpfu) qv$h„Ns L$d®QpfuAp¡“¡ ip¡L$p„S>rghj® 2018-19 v$frdep“ X$u.ku.A¡d. îu Æo¡icpB dl¡sp s’p Ap¡auk AprkõV$ÞV$ îu Afthv$cpB L$‘k¡ A¡ Ap‘Zu hÃQ¡’u rQfrhv$pe gu^u lsu. ‘fdr‘sp ‘fdpÐdp kv$Ns“p ApÐdp“¡ rQf„s“ ip„rs âv$p“ L$f¡ s¡ âp’®“p.

(14) qX$f¡L$V$k®“u r“ey[¼s s’p rkqÙAp¡Ap‘Zu b¢L$ dpV¡$ Np¥fh“u hps R>¡ L¡$ Ap‘Zu b¢L$“p qX$f¡L$V$f îu ksuiÆ dfpW ¡ qfTh® b¢L$ Ap¡a B[ÞX$epdp„ qX$f¡L$V$f sfuL$¡ r“ey[¼s ‘pçep R>¡. S>¡“p ‘qfZpd¡ s¡dZ¡ Ap‘Zu b¢L$“p bp¡X®$ Ap¡a qX$f¡L$V$k®dp„’u fpÆ“pdy„ Ap‘¡g R>¡.Ap‘Zu b¢L$“p qX$f¡L$V$f îu S>ep¡rsÞÖcpB dl¡sp fpóV²$ue õsf“u klL$pfu k„õ’p “¡i“g a¡X$f¡i“ Ap¡a Ab®“ L$p¡. Ap¡‘. b¢L$ A¡ÞX$ ¾¡$X$uV$ kp¡kpeV$uT (NAFCUB) “hu qv$ëlu“p AÂen ‘v$¡ rb“lqfa Q|„V$pB Apìep R>¡.b„“¡ hX$ugp¡“¡ “pNqfL$ ‘qfhpf sfa’u lpqv$®L$ Arc“„v$“.Ap‘Zu b¢L$“p bp¡X®$ Ap¡a qX$f¡L$V$k®dp„ v$¡i“u AN°Zu klL$pfu b¢L$ V$u.S>¡.A¡k.bu. b¢L$“p c|s‘|h® ku.B.Ap¡. îu ksuiÆ Ds¡L$f“p¡ L$p¡-Ap¡àV$ qX$f¡L$V$f ê‘¡ kdph¡i L$f¡g R>¡. s¡d“p A“ych A“¡ rhipm b¢qL„$N op““p¡ gpc Ap‘Zu b¢L$“¡ r“erds dmsp¡ fl¡i¡.

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4

1

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09

A N N U A L R E P O R T 2 0 18-19


Respected members of Nagarik family,

On behalf of the Board of Directors. I heartily welcome you all at the 66th Annual General Meeting.

Global and Indian Economy: -

The global economic activities progressed slowly during the last year. It is estimated by International Monetary Fund that

economic growth will be 3.3% in 2019, against actual economic growth of 3.6% in 2018.

Against sluggish global economic progress, it is estimated that India's economic growth was 7% in 2018-19, which was 6.7% in

the previous year.

By the end of 2018-19, India's Foreign Investment reduced to 411.90 Billion Dollars, which was 426.08 Billion Dollars in April

2018.

GST collection by the end of last year was ? 11.77 Crore, as against the expectation of ? 13.71 Crore.

In the Monetary Policy of June 2018, RBI announced Repo Rate of 6.25%, with the increase of 25 basis points. Then in the

Monetary Policy of August 2018, Repo Rate was increased to 6.50% with the increment of 25 basis points. In last Monetary

Policy of the year, Repo Rate was brought down to 6.25% with the reduction of 25 basis points. On reduction of Repo Rate and

CPI and due to reduction of global progress, calibrate stance was made neutral. This step showed positive effect on economy of

India.

To maintain liquidity in the system, from time to time RBI purchases Government Securities. To fulfill liquidity need in market, in

the second half of the year, RBI purchased Government Bonds of ? 2,50,000 Crore through OMO, because of which, to much an

extent, there was stability in the market.

During the year, North Korea tested atomic weapons, due to which war like situation was created, which led to instability in

financial markets.

Due to Tariff War between China and U.S.A., such impacts were observed in financial market of the world, during last year.

Union Government Budget- 2019-20

PM Kisan (Pradhan Mantri Kisan Sanman Nidhi)

Small farmers who own land up to 2 hectares, will be given yearly fixed income within the limit of ? 6000, which has been

applicable from 01.12.2018.

Saubhagya Yojna- Pradhan Mantri Bijli har Ghar YojanathTill the year 2014, approximately 2.5 Crore families were forced to live without electricity, like 18 Century. Under “Saubhagya

Yojana” approximately 2.5 Crore families will get electricity, free of cost.

Ayushman Bharat

World's largest medical assistance scheme was approved in Interim Budget of the last year. Around 50 Crore poor and middle-

class people will be benefitted by the scheme. By now, almost 10 lakh people have obtained free medical assistance under this

scheme, estimated expenditure of which amounted to ? 300 Crore.

Similarly, under Pradhanmantri Jan Aushadhi Scheme, lakhs of poor and middle-class people are given essential medicines at

reasonable price, cardiac stent and knee implant.

Following figures show picture of noteworthy financial and other activities, which took place during the year:

(1) Dividend

Dividend of 18% has been proposed for the year 2018-19. The proposal is placed for your approval.

(2) The Financial Highlights of the Bank for the Year 2018-19 are as under.

2.21%

3.41%

6199

1458

286256

44273

280057

42815

Particulars

Membership

Nominal Members

31.03.18 31.03.19 Inc/Dec (%)

10

A N N U A L R E P O R T 2 0 18-19


-12.22%

5.05%

5.23%

4.63%

7.88%

-1.82%

-3.87%

4.04%

10.77%

-6.26

26.85

215.81

109.17

95.68

-8.44

-15.44

4.57

7.00

44.96

558.71

4343.34

2465.48

1309.20

456.03

384.03

117.76

72.00

51.22

531.86

4127.53

2356.31

1213.52

464.47

399.47

113.19

65.00

Capital

Reserve & Surplus

Deposits

Advances

Investments

Total Income

Total Expenses

Operating Profit

Net Profit

(3) Important Parameters / Indices

31.03.2018

6.36%11.13%

7.43%

6.54%

9.32%

2.78%

3.15%

6.69%11.95%

7.27%

6.96%

9.71%

2.75%

3.01%

31.03.2019Particulars

Net Interest Margin

Cost of Deposits

Return on Advances

Cost of Fund

Yield on AssetsNet Spread

Return on Investments

** This year bank has earned Operating Profit of ? 117.76 Crores. With your co-operation, it was feasible to maintain milestone profit of ? 100

Crores for last two years, which is depicted through above figures.(4) CRAR (Capital to Risk Weighted Asset Ratio)

As on 31.03.2019 the Capital to Risk Weighted Asset Ratio (CRAR) of the Bank stood @ 17.54%, which is much higher than the 9% prescribed

by, Reserve Bank of India. This reflects our own funds, internal monetary sources and the Risk bearing capacity of the Bank. (5) Bank's Own PremisesAs on 31.03.2019, out of 38 branches, 29 branches have their own premises. With the purpose of giving better services to customers, Padadhari,

Jamnagar, Junction Plot and Jetpur branch premises were renovated during the year. Additionally, construction of Mavdi Plot branch is on the verge of

completion and soon branch will be shifting to new premises. Also, plot of land has been purchased for Gandhinagar branch, where construction will begin

in near future.(6) Saving electricity by utilization of Solar EnergyYou would be glad to know, our Bank has been switching from traditional energy i.e., electricity, to an alternate energy, i.e., solar energy. Resultantly, we

have been able to reduce our consumption of electricity to the extent of 50%Currently, 17 Premises have been installed with solar energy plant units, at the cost of ? 2.33 Crore. Production capacity of all these units is 10,75,940 units

per year. That helps us to save ? 26.80 lakh annually @ ? 8.50 per unit.(7) Advances

(i) Waiving of Process Charges & Regularity Repayment Reward For credit limits over ? 50,000/- we have continued with the scheme of offering Regularity Repayment Rewards as waiver of process fees (which is 0.50%

of the credit limit) at the time of renewal of eligible accounts, during the current year too.(ii) Generic Medicines Store

Government of India is encouraging opening and operations of Generic Medicines Stores which are providing medicines at minimal rate. To support these

efforts of government, our bank has taken initiative to provide loan without any sort of guarantee, processing charges, or collateral securities to those

shareholders who are willing to open or operate generic medicines store.(iii) CIBIL – Financial Discipline

Our Bank is member of four Credit Information Bureaus viz. CIBIL, Equifax, Experian, CIRF High Mark. Bank is now able to get information about

applicant's borrowal accounts with other Banks. As a result of this arrangement, it has become difficult for irregular customers to avail credit from any bank.

A new era of financial discipline in Indian Banking System has started.(iv) Gold Advances

RBI has increased gold loan bullet repayment limit from ? 1,00,000/- to ? 2,00,000/-. Our bank has also given this benefit to our customers. Moreover, we

have taken steps to make the gold loan available from 15 branches of the bank, instead of one designated branch only.

(? in Crores)

11

A N N U A L R E P O R T 2 0 18-19


(v) Mukhymantri Aavas YojanaTo fulfil our vision of “Small man's big bank”, our bank has implemented loan facility under this scheme so that low-income earners can purchase their own

home. Under this facility, our bank has given opportunity to the low-income people to purchase their own home. At the end of the year, 1900 beneficiaries

have been granted loan of ? 57.00 cr. at lower interest rate of 8.25% to11%.(vi) Prime Minister Employment Generation Program (PMEGP)

To give momentum to the courage of new entrepreneurs and to fulfill their business needs, bank has decided to extend advances facility to the members

registered under Prime Minister Employment Generation Program (PMEGP), simultaneously fulfilling other necessary parameters.(vii) Furniture LoanFurniture has become a household necessity in recent times. To facilitate our customers for fulfilling this need and for smooth functioning of

their day to day activities, bank has decided to provide furniture loan for office/business as well as for household purpose.(8) Customer Service Through Improved Technology In recent past, we have witnessed revolutionary development in banking services due to sweeping changes in technology. Due to introduction of various

technology-based delivery channels i.e. CTS, NACH, Credit -Debit Cards, Mobile Banking, Internet Banking(View Only), ATM banking etc. will make

banking easier and speedier. The time would come when customer will not be required to visit bank premises to avail banking services. Now bank branch

and banking services have come down to client's laptop /computer / tablet or mobile.(i) Core Banking & ATM Services

Our Bank has established Core Banking Services with “FINCORE” software in the year 2011-12. All our branches are offering Any Branch Banking Services

for the benefit of our customers. We have also installed round the clock ATM at total 38 centers.Bank has introduced Rupay ATM-cum-debit card which can be used for cash transactions at more than 2,50,000 ATM centers throughout India. This Debit

card with E-Comm. facility can also be used for at more than 11,00,000 POS and online purchase, bill payment, also with ATMs of our Bank, one can

recharge DTH services, Mobile Phone and transfer of funds to other accounts. We are happy to foresee, that young account holders would enjoy modern

banking through electronic payment system and other digital services it would be exciting banking experience for them. Further, to comply with RBI

guidelines, procedure to provide new chip-based ATM-cum-Debit Cards to the customers having old ATM-cum-Debit Cards has been started.(ii) Aadhar Linked LPG subsidy & other NPCI services

Under this scheme, customers can get credit of their subsidy amount directly in their account without any hassle.Government with the mission of financial inclusion as a vision in Banking for all the people and with cooperation of RBI and NPCI has taken steps so that

Government Subsidy can directly be paid into customer's account and customers would get RUPAY CARD too. We are delighted to provide all these

services. In future, keeping strides with the State, we would provide banking facilities to the smallest people.(iii) Mobile Banking and other services

Bank is already providing the service of Mobile Banking to its customer. Presently, more than 20,000 Customers have been enjoying the benefit of the same

and the number is increasing rapidly. Additionally, the bank has opertlionalized services like Business Correspondent (BC) Business Facilitator (BF), E-

passbook etc. We have also visualized telescopically to convert physical traffic into data traffic using latest technology. By using various telecom channels,

we have provided banking facility at customer's fingertip. We have taken a step further towards “Less Cash Society in India”.(9) Management

(i) Business Process ReengineeringThe process of improvement in Bank's working is an ongoing process. By now, we have policies covering almost all areas of functioning of the Bank.

Review of policies as well as modifications in policies are regularly done.(ii) Board Meetings

During the year, the Board met 26 times at fortnightly intervals. The Board took important decisions related to credits, framing and reviewing of policies and

other important decisions. (10) Benefits & Ser vices to Shareholders

(i) Beti Vadhavo SchemeAs we are aware that Sex Ratio in the world today indicates decrease in number of girls. To encourage the birth of girls in the society, the bank is running a

scheme called “Beti Vadhavo”. Under the said scheme, the bank gifts the membership of the bank as a token of good gesture on the birth of female child in a

family(ii) Aid to members suffering from Kidney Disease, Cancer or any other sickness.

For the benefit of members, the Bank continues to offer medical facilities at concessional rate at various hospitals and this year, the amount of the

assistance has been increased. (A) Dialysis facility at B.T. Savani Kidney Hospital & Sadbhavana Hospital.(B) For Cancer patients, facilities at Rajkot Cancer hospital.(C) Facilities at Wockhardt hospital, Rajkot and CIMS hospital Ahmedabad for patients with grave multiple diseases(D) Health checkup at R.B. Kothari Nidan Kendra, Rajkot. (E) Accidental Insurance facility available for members(F) Accident Insurance Facility to the membersMore than two lakh members of the Bank in the age group of 18 to 70 years, the bank has provided free insurance cover under an accident insurance policy of ? 1,00,000/-. This cover is over & above the insurance cover available to “Savings and Current” A/c customers.

.

12

A N N U A L R E P O R T 2 0 18-19


Manager and above 81

Jr. Officer / Sr. Executive

Clerk / Jr. Executive / Computer Operator

313

472

(iii) Competitive ExamsDuring the year, 14 employees have cleared JAIIB/CAIIB examination conducted by IBA

JAIIB

Jr. Officer / Sr. Executive

Jr. Executive

08

03

Designation CAIIB

01

02

During the year, members covered under the above scheme received ? 38.00 lacs insurance claim on amount of death of members, and account holders

have been paid with claim of ? 7.00 lacs. In total bank has disbursed ? 45 lacs of claim amount.(11) Umbrella Services Nationalized and Private Banks have huge infrastructure and expensive IT infrastructure. which poses the challenge before the Co-operative Banks to provide equivalent services or better in comparison to those banks. It is obvious that small Co-operative bank can't afford such expensive technology. At such time, our bank came forward to the rescue of these small cooperative banks. All such umbrella Services i.e. CTS, NACH, Data Center Sharing etc.

have been extended to small co-operative to share benefits of our huge investment in technology.(12) Social & Cultural Responsibilities

(i) Book TalkrdFrom May 2016, we have started an activity of Book Talk on every 3 Saturday of the month at Head office with a view to inculcate the habit of reading good

books that may enrich thinking and life. During the year 2018-19,we had invited renowned speakers to speak on famous books. So far Dr. Naresh Ved, Ms.

Darshana Dholakia, Dr. Balwant Jani, Shri Madhu Rai, Shri Jay Vasavda, Shri Vasantdan Gadhvi, Shri Salim Somani, Shri Vinod Joshi, Shri Jignesh Adhyaru, Ms. Tanvi Gadoya, Shri Manoj Shukla, Shri Abhimanyu Modi and others have talked on various books

(ii) Slogan Contest to encourage water conservation movement Scarcity of water is worsening year on year. To create awareness towards water conservation, the Bank has held a Slogan contest for the people of entire Gujarat. The people responded it well. Total 1126 Slogans were received under the contest. The Panel of Shri Banchhanidhi Pani, commissioner, Rajkot

Municipal Corporation, Professor Ashish Shukla and the chairman of the Bank selected top-10 winners from the enteries received. The winners were given

a way prizes by Shri Pani and Shri Shukla in a function.rd(iii) 23 free Cricket Coaching Camp

rdThe free cricket coaching camp was organized for consecutive 23 year, as hitherto and around 360 children participated in the coaching camp this year.(iv) Felicitation of Bright Students

The Bank has felicitated 366 bright students of members' family by providing them prizes / gifts. 194 exceptionally bright students from shareholders' family were given away scholarships.

(v) Independence& Republic day celebrationsth thAll the staff members of Head Office, as well as branches, celebrated 15 August (Independence Day) & 26 January (Republic Day) with Flag Hoisting

Ceremony to pay respect to our tricolor, and for “Bharat Mata Poojan.” Our customers also actively witnessed this occasion.(vi) Bank Foundation Day Celebration by Customer Meet

Bank Foundation Day on 05.10.2018 was celebrated with traditional pomp & fervor. During the entire foundation week, number of programs such as “Branch Decoration” and different competitions were organized. Branches outside Rajkot also celebrated their foundation day and organized customer meets on the occasion. (13) Human Resources Development

(i) A motivational seminar was arranged for the employees of the Bank on occasion of Bank's Foundation Day. There was active

participation by local as well as outstation employees to get enlightened from the motivational speech by renowned speaker Dr. Himanshu Buch. Moreover,

employees and their family members were enlightened with various welfare scheme on Yoga, Gym, Indoor-Outdoor games etc.I feel proud to announce that the financial highlights of the Bank, which I have presented before you, as well as the report on various socio-cultural activities

organized during the year, were the result of concerted hard work, dedication and loyalty of the staff members of the Bank. (ii) Knowledge and skill development

During the year training programs were organized under the active guidance of NAFCUB, and Gujarat Urban Cooperative Banks Federation. These

programs were found useful to the employees of bank.Staff training is an ongoing process and during the year 2018-19, 39 staff members were sent for training to various outside institutes. 21training programs

were organized in our own training center, where 866 staff members participated as under, -

13

A N N U A L R E P O R T 2 0 18-19


(iv) PromotionIn the organization whenever vacancies arise for any post due to retirement of staff or due to any other reason, continuous efforts are made to fill such vacancies by internal promotion of staff. During the year, 165 employees were promoted to higher cadres as under

05

03

11

34

112

DCM to CM

Manager to DCM

Jr. Officer/ Sr. Executive to Manager

Jr. Executive/ Clerk to Jr. Officer / Sr. Executive

Sub Staff / Office Assistant/ Computer operator to Jr. Executive

1

2

3

4

5

The following cadres of employees were shifted from Contractual to Regular Scale.

Jr Officer

Manager41

1

2

The above promotion process was based on merit and was totally transparent.(v) Retirement

During the year,Shri Vallabhbhai Ramani, Shri Lalitbhai Nirmal and 18 officers/other employees got retired from the Bank.(vi) Demise of Staff Members

During the year 2018-19, DCM Shri Jigneshbhai Mehta and Office Assistant Shri Arvindbhai Kapse departed from us for their heavenly abode. We pray the almighty to rest their soul in eternal peace.(14) Achievement and Appointment of Directors It is a matter of pride for our Bank that our Bank's director Shri Satishji Marathe got appointed on the Board of Reserve Bank of India, the financial regulators of the of the nation. Resultantly, he has resigned from our Bank's Board. Shri Jyotindrabhai Mehta, our Bank's director was elected, unopposed, as the President of National Federation of Urban Co-Operative Banks and Credit Societies (NAFCUB), New Delhi.We heartily congratulate both the elders for their commendable achievements.Shri Satishji Utekar, ex CEO of country's leading Co-Operative Bank, TJSB, Mumbai, has been inducted in our Bank's Board as co-opt director. We are being benefitted from his expertise and vast knowledge of Banking.

AcknowledgementI take this opportunity to thank all the members, customers and well-wishers for extending unflinching support and expressing complete faith in the management of the Bank during the year. The Bank has been able to achieve a place of pride amongst Cooperative Banks only because of the exemplary honesty and dedication shown by the staff. In fact, the entire staff of Bank have worked relentlessly and in harmony with the management of the Bank and, it is for this reason, that the Bank has been able to meet with various challenges that came its way during the year. I thank all the members of Jagrut Karmachari Mandal as well as its office bearers including their president Shri Umedbhai Jani, Secretary Shri Mansukhbhai Gajera, Prabhari Shri JayantbhaiRaval and the Executive Committee members for their whole-hearted cooperation at all times, positive attitude and helpful stance in the running of the Bank. I thank the entire press and media for reporting the progress and activities of the Bank positively during the year.I thank various Concurrent Auditors at the Branches and Statutory Auditors of the Bank for smooth conduct of audit during the year. I also thank the Returning Officer Shri D. D. Mehta for successful and smooth conduct of the election of the delegates and directors.I thank all the office bearers and CEO Shri J.V.Shah of Gujarat Urban Cooperative Banks Federation Ahmedabad, Shri R.N.Joshi,Executive Director of Center for Banking Research Development and Excellence (CBRDE), Suarashtra Kutch Urban Cooperative Banks Federation Rajkot and National Federation of Urban Co-operative Banks and Credit Societies (NAFCUB), New Delhi. My special thanks to Shri Subhash Gupta C.E.O. of National Federation (NAFCUB) for his continued guidance and support as and when required. I thank officers of the Board of Nominees and Arbitrator who have been helping us in credit recovery as well as the valuers and advocates who have been constantly contributing in credit and recovery process.I thank Shri S.K. Panigrahi., Regional Director of RBI and General Manager DCBS, Ahmedabad, Shri V. Ranga Rao, Deputy General Manager Shri

Ashokkumar and Shri D.K.Nalband from RBI for their consistent support and guidance from time to time.I am thankful to all the members, delegates, Branch Development Committee members for having shown deep interest in the working of and development the Bank.

thWe have crossed 66 milestone in our march to progress with the support of all of you. I hope that such cooperation from all of you will continue in the years to come.

With Regards.Nalin VasaChairmanDate: 29.06.2019

14

A N N U A L R E P O R T 2 0 18-19


Subject to the Approval of the General Body

P R O G R E S S AT A G L A N C E fL$d êp. lÅfdp„

Sr. No.

¾$d

Year Ending Membership Share Capital Reserve

fuTh®

Deposits

\p`Zp¡ r^fpZp¡ _ap¡ qX$rhX$ÞX$Advances Profit Dividend

hj® A„s¡ kæe k„¿ep i¡f c„X$p¡m

13.

9.

10.

2.

3.

4.

5.

6.

7.

8.

11.

12.

14.

15.

16.

17.

1.

Rupees in Thousands

2019 286256 449650 6212271 43433403 24654795 720000

2017 274660 652936 4474898 43427286 22299030 600000 20%

2016 269989 716913 4388336 36430100 22103818 555000

2010

2006

2007

255130 418142 3549735 25721314 16792875 393674 20%

261273 480557 3795493 29511851 17234570 486134 20%

266495 638017 4158272 32416135 20174436 517500

2003

2004

2005

2008

2009

2011

2012

2013

2014

2015

218006 195487 2512634 8640920 5049418 83555 15%

214540 76823 2252051 7117233 4853329 130931 25%

215556 87154 2454473 7981260 4215461 140078 15%

215888 92277 2567001 8371989 4289891 81272 15%

216274 98146 2630563 8554541 4309082 83115 15%

223063 184802 2617967 9839567 6293788 121700 15%

224254 257838 3171948 11416033 7604200 171860 15%

228203 295840 3176218 13441227 9136904 180288 15%

236573 333096 3259565 15830966 11121760 283246 20%

248284 300146 3318101 21327336 14940678 340623 20%

20%

20%

2018 280057 512232 5852140 41275353 23563073 650000 18%

18%

15

A N N U A L R E P O R T 2 0 18-19


_p¡V$ukfpS>L$p¡V$ _pNqfL$ klL$pfu b¡ÞL$ rgrdV¡$X$_p kcpkv$p¡_p ârsr_r^Ap¡

(X¡$guN¡V¹$k)_¡ S>Zphhp_y„ L¡$ b¡ÞL$_p kcpkv$p¡_u ""fuâ¡TÞV¡$V$uh õdp¡gf

bp¡X$u''_u "66du' hpqj®L$ kp^pfZ kcp sp. 29/06/2019 _¡ ir“hpf“p

fp¡S> kp„S>¡ 6-00 L$gpL¡$ îu gÿdZfph B“pdv$pf ârinZ L¡$ÞÖ,

""Afthv$cpB drZApf “pNqfL$ k¡hpge'', 150 azV$ f]N fp¡X$, f¥ep kL®$g

`pk¡, fpS>L$p¡V$.$ Mps¡ _uQ¡ S>Zpìep âdpZ¡_u L$pe®hplu L$fhp dpV¡$ dmi¡.

kcpkv$p¡_p b^p S> ârsr_r^Ap¡_¡ lpS>f fl¡hp rh_„rs R>¡.

1. sp.29/09/2018 _¡ ir“hpf_p fp¡S> dm¡g b¡ÞL$_u hpqj®L$

kp^pfZ kcp_u duV$]N“u L$pe®hplu_u _p¢^ S>¡ L$pe®hplL$ d„X$m¡

ANpD d„Sy>f L$f¡g R>¡ A_¡ hpqj®L$ Al¡hpgdp„ ârkÂ^ L$f¡g R>¡ s¡_¡

blpg fpMhp.

2. sp.31/03/2019 _p fp¡S> `|fp \sp„ 66 dp hj® dpV¡$

L$pe®hplL$ d„X$m¡ s¥epf L$f¡g hpqj®L$ Al¡hpg s’p Ap¡qX$V$ qf‘p¡V®$_u

rhQpfZp L$fu d„Sy>f L$fhp.

3. sp.31/03/2019 _p fp¡S> `|fp \sp„ hj®_p _ap-sp¡V$p_p `ÓL$p¡

s\p sp.31/03/2019_p fp¡S>“p> b¡ÞL$_p Ap¡X$uV¡$X$ kfh¥ep_u

rhQpfZp L$fu d„S|>f L$fhp.

4. bp¡X®$ Ap¡a qX$f¡L$V$k£ cgpdZ L$f¡g k_¡ 2018-2019 _p hj®_p

Qp¡¿Mp _ap_u apmhZu d„Sy>f L$fhp.

5. k_¡ 2019-20 _p hj® dpV¡$ õV¡$ÃeyV$fu Ap¡X$uV$k®_u r_dZ|„L$$

L$fhp s\p s¡_y„ dl¡_spÏ„ _L$L$u L$fhp.

7. âdyM kpl¡bîu“u A“ydrs’u fS|> ’pe s¡.

8. Q|„V$Zu L$pe®¾$d dyS>b fuV$“…N Ap¡qakfîu Öpfp L$pe®hplL$ d„X$m“p

kæep¡“u Q|„V$Zu“u L$pe®hplu s’p ‘qfZpd“u Ål¡fps.

" '

6. L$p“y“u L$pe®hplu A„sN®s b¡ÞL$“p L$bÅdp„ Aph¡g rdgL$sp¡ ‘¥L$u

k“¡. 2018-19“p hj®dp„ L$fhpdp„ Aph¡g rdgL$sp¡“p h¡QpZ“u

“p¢^ g¡hp.

fpS>L$p¡V$spfuM: 06-06-2019

bp¡X®$_p lzL$d\u

hu.L¡$. idp®S>_fg d¡_¡S>f A_¡ Qua A¡L$Tu. Ap¡aukf

L$pe®k|rQ : AGENDA :

01.

Body Meeting of the Bank held o n S a t u r d a y

dated 29-09-2018 as approved by the Board of

Directors.

th02. To consider discussion to confirm the 66 Annual

Report and Audit Report relating to the year st ending on 31 March, 2019 as prepared by

Board of Directors.

03. To consider discussion to confirm the Profit & stLoss Account for the year ended 31 March 2019

st and the Audited Balance Sheet as on 31 March.

2019.

04. To approve appropriation of the net Profits of the

year 2018-19 as recommended by the Board of

the Directors.

05. To appoint and fix the remuneration of statutory

auditors for the year 2019-20.

06. To take note of sale of properties made during the

year 2018-19 which came into Bank’s possession

in the course of recovery of NPAs.

07. To transact any other business with permission of

Chair.

08. To conduct the election of members to the Board

of Directors as per election programme and

announcement of results by the Returning officer.

To confirm the minutes of the Annual General

Rajkot,Date:- 06-06-2019

By order of the board

V.K. Sharma General Manager & C.E.O

Notice is hereby given to all the Delegates of the Rajkot

Nagarik Sahakari Bank Ltd., that the 66th Annual General

Meeting of the representative Smaller body of the

delegates of the Bank will be held on 29-06-2019 on

Saturday at "Arvindbhai Maniar Nagarik Sevalaya"

Situated at 150 Feet Ring Road, Near Raiya Circle, Rajkot

at 6-00 p.m. to transact the following business. All the

Delegates are requested to remain present.

NOTICE

16

A N N U A L R E P O R T 2 0 18-19


NOTE_p¡„^

fpS>L$p¡V$spfuM: 06-06-2019

hu.L¡$ idp® S>_fg d¡_¡S>f A_¡ Qua A¡¼Tu¼eyV$uh Ap¡qakf

1. b¡ÞL$_p L$p¡B`Z kcpkv$_¡ hpqj®L$ rlkpbp¡ L¡$ hpqj®L$ Al¡hpg A„N¡

L$p¡B`Z dprlrs Å¡BA¡ sp¡ S>¡ s¡ kcpkv$¡$ b¡ÞL$_p S>_fg

d¡_¡S>fîu_¡ hpqj®L$ kp^pfZkcp_p Ap¡R>pdp„ Ap¡R>p kps qv$hk

ANpD g¡rMs ÅZ L$fhu.

2. kcp dmhp_p r_es kde\u A^p® L$gpL$ kyûdp„ L$p¡fd _rl„ \ey„

lp¡e sp¡ kcp dygshu fpMhpdp„ Aphi¡ A_¡ Aphu dygÐhu fl¡gu

kcp_y„ L$pdL$pS> Q¡fd¡_îu_p r_Z®e dyS>b, s¡ S> õ\m¡ A_¡ s¡

S> qv$hk¡ lpS>f fl¡gp kæep¡\u A¡L$ L$gpL$ `R>u L$fu iL$pi¡.

3. kcpdp„ lpS>fu Ap`hp Aph_pf ârsr_rÂp¡_¡ `p¡sp_u afÆeps

bQs_u fkuv$$/Ap¡mM`Ó kp\¡ fpMhp rh_„su.

4. k_¡ 2018-2019 _p hj®_y„ qX$rhX$ÞX$ d„Sy>f \e¡\u fpS>L$p¡V$

il¡f_p kcpkv$p¡_¡ spfuM 16-07-2019 `R>u s¡d_y„

qX$rhX$ÞX$ b¡ÞL$_u DÛp¡N_Nf ipMp_p, i¡f rhcpN_p L$pDÞV$f

`f\u L$pdL$pS>_p sdpd qv$hkp¡A¡ L$pdL$pS>_p kde v$fçep_

Q|L$hhpdp„ Aphi¡ s¡dS> blpfNpd_u ipMpAp¡_p kcpkv$p¡_¡

s¡d_u `p¡sp_u ipMpAp¡ `f\u L$pdL$pS>_p qv$hkp¡A¡ Q|L$hhpdp„

Aphi¡.

5. S>¡ kcpkv$p¡A¡ 2015-2016 L¡$ s¡ `R>u_p hj®_y„ qX$rhX$ÞX$

d¡mìey„ _ lp¡e s¡dZ¡ sp.31/12/2019 kyûdp„ d¡mhu g¡hy„

Ðepf bpv$$, Aphp qX$rhX$ÞX$_u fL$d b¡ÞL$_p `¡V$p r_ed dyS>b

A_pds c„X$p¡m Mps¡ S>dp L$fhpdp„ Aphi¡.

6. b¡ÞL$_p kcpkv$p¡A¡ b¡ÞL$_p 66 dp hpqj®L$ Al¡hpg_u _L$g dy¿e

L$Q¡fudp„\u L¡$ b¡ÞL$_u S>¡ s¡ ipMpdp„\u sp. 06/06/2019

`R>u_p L$pdL$pS>_p„ qv$hkp¡ v$fçep_ d¡mhu g¡hu.

Rajkot,Date:- 06-06 -2019

1. If any Shareholder of the Bank desires to have any

information in connection with annual accounts or

annual report, he/she may write to the General

Manager at least seven days before the date of the

Annual General Meeting.

2. If there be no quorum within half an hour, the

meeting shall stand adjourned, such adjourned

meeting, If so decided by the Chairman, will be held

at the same place and the same day with members

present, after an hour.

3. Delegates attending the Annual General Meeting

are requested to keep their Compulsory Deposit

receipt/identity card with them.

4. Dividend for the year 2018-19 on being sanctioned

at the meeting, will be paid to the members of

Rajkot city at Udyognagar Branch, Share

Department and to the members of outstation

Branches at their respective branches from Dt.16-

07-2019 on all working days.

5. Shareholders who have not collected their dividends

for the year 2015-16 and onwards should collect the

same before 31-12-2019. Unclaimed dividend will

be credited to reserve Fund as per the provisions of

bye-laws.

6. Shareholders can get a copy of the 66th Annual

Report of the Bank from Head Office or from their

respective outstation Branches on all working days

after dt. 06-06-2019

V.K. Sharma General Manager & C.E.O

bp¡X®$_p lzL$d\u By order of the Board

17

A N N U A L R E P O R T 2 0 18-19


Branchwise Deposits & Advances COMPARATIVE STATEMENTipMphpf \p`Zp¡ A_¡ r^fpZp¡ syg“pÐdL$ ‘ÓL$

31-3-2018 31-3-2019 31-3-2018Sr. No. BRANCH NAME

31-3-2019DEPOSITS DEPOSITS ADVANCES ADVANCES

`fpbÅf ipMp

DÛp¡N_Nf ipMp

L¡$hX$phpX$u ipMp - A¡k.hu.`u. fp¡X$

S>„L$i_ àgp¡V$ ipMp

b¡X$u`fp ipMp

X$pµ. eproL$ fp¡X$ ipMp

dp¡bpBg ipMp

kp¡fW$uephpX$u ipMp

dhX$u àgp¡V$ ipMp

c|`¡ÞÖ fp¡X$ ipMp

L$pgphX$ fp¡X$ ipMp

f¥ep fp¡X$ ipMp

150 azV$ qf„N fp¡X $ipMp

1.

2. Udyognagar Branch

3. Kevdawadi Branch S. V. P. Road

4. Junction Plot Branch

5. Bedi para Branch

6. Dr. Yagnik Road Branch

7. Mobile Branch

8. Sorathiawadi Branch

9. Mavdi Plot Branch

10. Bhupendra Road Branch

11. Kalawad Road Branch

12. Raiya Road Branch

13. 150 Feet Ring Road Branch

4649642

2303288

1467068

1155627

1829669

1819592

179642

1762101

1669838

732027

1638981

2735481

221215

1191213

652696

478547

383143

735305

430261

4524

639653

624704

812722

406264

1005017

256584

L$p¡W pfuep fp¡X ipMp$14. Kothriya Road Branch 16601 18744

hp„L$p_¡f ipMp15. Wankaner Branch 1054668 439301

^p¡fpÆ ipMp

D`g¡V$p ipMp

17. Dhoraji Branch

18. Upleta Branch

1342739

846914

S>¡s`yf ipMp16. Jetpur Branch 1614422 708460

468080

656987

dp¡fbu ipMp19. Morbi Branch 2502698

4551175

2448952

1504625

1202913

1982174

1793594

192584

1868683

1721478

773977

1809453

2995539

288411

73970

1161441

1479179

914559

1720715

2690788 2595068

Parabazar Branch 1080319

817267

530309

440876

762281

407655

3869

633418

738003

758902

507864

1219782

361353

50345

439749

587843

719316

930302

2297490

18

A N N U A L R E P O R T 2 0 18-19


31-3-2018 31-3-2019 31-3-2018Sr. No. BRANCH NAME

31-3-2019DEPOSITS DEPOSITS ADVANCES ADVANCES

36.

37.

Malad Branch Mumbai

dgpX$ ipMp-dy„bB

Nagpur Branch

“pN‘yf ipMp

hfpR>p fp¡X$ ipMp-kyfs35. Varachha Road SuratBranch

20.

21.

22.

23.

25.

26.

27.

28.

29.

30.

31.

32.

34.

33.

Padadhari Branch

`X$^fu ipMp

Jasdan BranchS>iv$Z ipMp

Ahmedabad BranchAdv$phpv$$ ipMp

Bhuj BranchcyS> ipMp

Surat Branchkyfs ipMp

Kalbadevi Mumbai Branch L$pgbpv$¡hu dy„bB ipMp

MG Road Junagadh Branch

A¡d.Æ. fp¡X$ S|>_pNY$ipMp

Gandhidham Branch

Np„^u^pd ipMp

Jamnagar Branch

Åd_Nf ipMp

Halvad Branch

lmhv$ ipMp

Baroda Branch

bfp¡X$p ipMp

Ghatkopar Branch Mumbai

^pV$L$p¡‘f ipMp dy„bB

Gandhinagar Branch

Bapunagar Branch Ahmedabad

Np„^u“Nf ipMp

bp‘y“Nf ipMp-Adv$phpv$

24. Surendranagar Branchkyf¡ÞÖ_Nf ipMp

Total Ly$g 41275353 23563073

Branchwise Deposits & Advances COMPARATIVE STATEMENT

cph“Nf ipMp38. Bhavanagar Branch

28244

146539

130216

561187

690699

2307603

804123

1471738

1418870

537426

1383195

496293

787290

184611

512654

113364

49061

93287

16740

125047

110675

629309

243177

688863

1061436

375255

3731322

499049

1037114

833596

277588

188888

355038

143560

35630

93098

621823

5332

ipMphpf \p`Zp¡ A_¡ r^fpZp¡ syg“pÐdL$ ‘ÓL$

43433403

591719

760516

2480917

1168945

1218036

1172049

525713

1567961

530035

795770

74450

519396

99728

119813

82241

56939

170131

217453

107381

24654795

232707

728661

953612

334989

832542

3328015

550289

1088067

785224

313131

279385

367231

139336

147910

71738

80550

137057

941753

55655

19

A N N U A L R E P O R T 2 0 18-19


AUDITOR'S REPORT(As required under section 31 of Banking Regulation Act, 1949 as applicable to Co-operative Societies and section 73(4) ofMulti State Co-operative Societies Act, 2002 and under Rule 27 of Multi-state Co-operative Societies Rules, 2002)

Report on the Financial Statements

We have audited the accompanying Financial Statements of RAJKOT NAGARIK SAHAKARI BANK

LIMITED having its registered office at Rajkot, which comprise the Balance Sheet as at 31st March, 2019,

the Profit and Loss account, and the Cash Flow Statement for the year ended, and a summary of significant

accounting policies and other explanatory information. The returns of 10 Branches audited by D.V.Shah &

Associates, the returns of 11 Branches audited by H J P & Co, and return of 1 Branch is being jointly

audited by D.V.Shah & Associates and H J P & Co have been incorporated in these financial statement. The

Branch audit assignments have been selected by the Bank in accordance with the guidelines issued by the

Central Registrar of Cooperative Societies with respect to size of the business and rotation. We have

incorporated in the Balance Sheet and the Profit and Loss account the returns from 16 Branches which have

not been subjected to audit. The unaudited Branches accounts for 25.39% of advances, 31.76% of deposits,

23.57% of interest income and 32.37% of interest expenses.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation of these financial statements that give a true and fair view of

the financial position, financial performance and cash flow of the Bank in accordance with provisions of the

Banking Regulation Act, 1949, the guidelines issued by the Reserve Bank of India ,the Central Registrar of

Co-operative Societies , the Multi State Co-operative Societies Act, 2002, the Multi State Co-operative

Societies Rules, 2002 ( as applicable) and accounting principles generally accepted in India so far applicable

to Banks. This responsibility includes the design, implementation and maintenance of internal controls

relevant to the preparation and presentation of the financial statements that are free from material

misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted

our audit in accordance with Standards on Auditing issued by the Institute of Chartered Accountants of India.

Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain

reasonable assurance about whether the financial statements are free from material misstatements.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the

financial statements. The procedures selected depend on the auditor's judgement, including the assessment

of the risks of material misstatement of the financial statements, whether due to fraud or error, In making

those risk assessment, the auditor considers internal control relevant to the Bank's preparation and fair

presentation of the financial statements in order to design audit procedures that are appropriate in the

circumstances, but not for the purpose of expressing an opinion on effectiveness of the bank's internal

control. An audit also includes evaluating the appropriateness of accounting policies used and the

reasonableness of the accounting estimates made by management, as well as evaluating the overall

presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our

audit opinion.

20

A N N U A L R E P O R T 2 0 18-19


Basis of Modified (Qualified/Adverse/Disclaimer) Opinion :-

Opinion

In our opinion and to the best of our information and according to the explanations given to us, except for the

effects of the matter described in the basis for qualified opinion paragraph the aforesaid Financial Statements

which are subject to significant accounting policies and Notes on Accounts forming part of accounts and our

comments and observations on profitability and provisions and limitations on scope of audit as per Annexure-

A enclosed herewith, give the information required by Banking Regulation Act, 1949 as well as Multi State

Co-operative Societies Act, 2002 and rules made thereunder in the manner so required for the Urban Co-

operative banks and give a true and fair view in conformity with the accounting principles generally accepted

in India:

st (I) In the case of the Balance Sheet, of the state of affairs of the bank as at 31 March, 2019,

(ii) In the case of the Profit & Loss Account, of the Profit for the year ended on that date; and

(iii) In the case of Cash Flow Statement, of the cash flow for the year ended on that date

Report on Other Legal and Regulatory Requirements

The Balance Sheet and the Profit and Loss Account have been drawn up in accordance with the provisions of

section 29 of the Banking Regulation Act, 1949 and Multi State Co-operative Societies Act, 2002 and rules

made thereunder.

Subject to the limitations of the audit indicated in paragraph above and as required under section 31 of the

Banking Regulation Act, 1949, section 73(4) of Multi State Co-operative Societies Act, 2002 and rule 27(3) of

the Multi State Co-operative Societies Rules, 2002 and subject to the limitation of disclosure required therein,

We Report That

(I) 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.

(ii) In our opinion, proper books of account as required by law have been kept by the Bank so far as

appears from our examination of those books and proper returns adequate for the purposes of our

audit have been received from the branches/offices;

(iii) The Accounting Standards adopted by the Bank are consistent with those laid down by accounting

principles generally accepted in India so far as applicable to Banks;

(iv) The transactions of the Bank which came to our notice have been within the powers of the Bank;

(v) In our opinion and according to information and explanation given to us, we have not noticed any

material impropriety or irregularity in the expenditure or in the realisation of money due to the bank.

(vi) The Balance Sheet and the Profit and Loss Account dealt with by this report are in agreement with

the books of account

21

A N N U A L R E P O R T 2 0 18-19


Schedules forming part of Auditors report on the financials

As required under Rule 27(3) of the Multi State Co-operative Societies Rules, 2002, we report on

the matters specified in that Rule as under:-

(I) During the course of audit we have not come across any major transactions which appear to be

contrary to the provisions of the Multi State Co-operative Societies Act, 2002, the rules or the bye

laws of the Bank except observation mentioned in Schedule A.

(ii) During the course of audit we have not come across any major transactions which appears to be

contrary to the guidelines issued by the Reserve Bank of India.

(iii) Money belonging to the Bank which appears to be bad or doubtful of recovery. (Refer Schedule B to

this report);

(iv) As per information given to us and to the best of our knowledge, there are no loans given by the

Bank to the members of the Board except those permissible under RBI guidelines.

(v) During the course of our audit we have not come across violation of guidelines, condition etc.,

issued by the Reserve Bank of India except mentioned in Annexure-A enclosed herewith.

(vi) To the best of our knowledge, there are no matters that have been specified by the Central

Registrar of Cooperative Societies in this regard.

Schedule A :-

Education Fund of Rs. 180.50 lacs is provided by Bank as per Section 63(1)(b) of Multi State Co-op

Societies Act, 2002 and Rule 25 of Multi State Co-op Societies Rules, 2002 but not yet remitted to

National Cooperative Union of India Limited, New Delhi. As informed by the Bank they will remit the

same on receipt of demand by National Cooperative Union of India Limited.

Schedule B :-

The following monies due to the bank appears to be doubtful of recovery (Rule 27(3)(c) (Advances

categorized as doubtful and loss assets as per prudential norms are considered as doubtful of

recovery):

Category Amount Outstanding as on 31-03-2019 (Rs. In lacs)

Doubtful Assets

Loss Assets

Total

7779.93

912.05

8691.98

A provision of Rs.3236.15 lacs has been made against above advances as per RBI Guidelines. However the

bank has excess provision in addition to the mandatory provision referred here.

22

A N N U A L R E P O R T 2 0 18-19


DILIPKUMAR VADILAL SHAHPartnerM. No. 034294

H J P & CO.Chartered AccountantsFRN : 113456W

VIRENKUMAR LILADHAR KOTHARIPartnerM. No. 046949

D. V. SHAH & ASSOCIATES

Chartered Accountants

FRN : 109551W

Place : Rajkot

DATE : 01/06/2019

RAJKOT NAGARIK SAHAKARI BANK LIMITED - RAJKOT

ANNEXURE - A FORMING PART OF THE AUDITOR’S REPORT FOR

THE YEAR ENDING ON 31-03-2019

1. The bank is having 38 branches network as at 31.03.2019, out of which we have conducted audit in following 8

local branches and 14 outstation Branches on random check basis considering the materiality:

Local Branches: 1) Para Bazar, 2) Bedipara, 3) Udyognagar, 4) Bhupendra Road, 5) Junction Plot, 6) RaiyaRoad,

7) Sorthiyawadi, 8) 150 Feet Ring Road.

Outstation Branches: 1) Baroda, 2) Ahmedabad (Mithakhali), 3) Ahmedabad (Bapunagar), 4) Gandhidham, 5) Bhuj,

6) Surat (Ring Road), 7) Surat (Varachha), 8) Morbi, 9) Junagadh, 10) Upleta, 11) Dhoraji, 12) Kalbadevi (Mumbai),

13) Malad (Mumbai), 14) Ghatkoper (Mumbai).

In respect of branches which are not audited by us, we have totally relied upon returns of the respective

branches as on 31/03/2019 produced before us by the Bank without reviewing the same.

However we report that Bank is having its own Internal Audit Department equipped by Qualified/ Semi

Qualified/ Experienced personnel conducting Internal Audits/ Concurrent Audits of various Branches/

Departments of the Bank. In addition to this Concurrent Audit of some of the branches/ departments are being

carried out by outside Chartered Accountant firms. While framing our opinion, we have considered the system

of Concurrent/ Internal Audit as well as their report and compliance report on the record of the Bank and

representations provided to us by various departments including Internal Audit Department and officials of the

Bank.

2. Our report is based on sampling verification of ledgers/accounts, documentations and other related materials

for the year under audit.

3. GST Compliances, TDS and other Income tax compliances including ICDS are not verified by us since it is

being audited by other CA firm which carrying out the GST Audit &Tax Audit as well as Compliance work

related to GST, TDS and Income tax matters.

4. Bank has made sufficient provision for Non – Performing Assets. For Doubtful advances – Category 1 bank

has made required provisioning of Rs.658.39 lacs/-

5. Law Charges and other expenses are accounted on Cash Basis instead of Accrual.

6. Up to 30/09/2018, Bank was not passing separate GST entries for ITC receivable & GST payable, instead of

that, net amount of GST paid was accounted. Howerver input taxcredit was availed regularly in GST Returns.

From 01/10/2018, Bank started accounting entries of ITC and GST payable separately. On 30/09/2018, as per

GST returns filed there was balance of Rs. 42,11,871/- for which no entry was passed in the books of the bank

upto 31/03/2019. On account of this profit is understated by Rs.42,11,871/- for the year under review which

has impacted under provision of Statutory Reserve by Rs. 10,52,968/-, Reserve fund (for unforeseen

losses)/Special Reserve by Rs 4,21,187/-, Education Contribution Fund (Cess) by Rs.42,119/-, Free Reserve

by Rs.26,95,597/-. Bank has passed necessary rectification entries on 27-05-19.

7. Some of the members are having regular as well as nominal membership which is against the bye-laws of the

Bank which requires to be corrected.

23

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31/03/2018CAPITAL & LIABILITIES

BALANCE SHEETAS ON 31 MARCH 2019st

1 CAPITAL 1 c„X$p¡mI AUTHORISED CAPITAL (Ar^L©$s c„X$p¡m)

(3 lac Share of Rs. 10 each) 30,00,000.00 1000000000.00 1000000000.00

(3 gpM i¡f v$f¡L$$ êp. 10/- _p¡)

(199.40 lac Share of Rs.50 each) 9 9 ,70,00,000.00 (199.40 gpM i¡f v$f¡L$$ êp. 50/- _p¡)

1,00,00,00,000.00

II SUBSCRIBED CAPITAL

(cf`pB \e¡g c„X$p¡m)

(213829 Share of Rs.10 each) 2138290.00(213829 i¡f v$f¡L$ êp. 10/- _p¡)

(217680 Share of Rs.10 each) 2176800.00 (217680 i¡f v$f¡L$$ êp. 10/- _p¡)

(8950238 Share of Rs.50 each ) 447511900.00(8950238 i¡f v$f¡L$$ êp. 50/- _p¡)

(10201111 Share of Rs.50 each) 510055550.0 0 (10201111 i¡f v$f¡L$$ êp. 50/- _p¡)

Total Ly$g 449650190.00 512232350.00

III Amount Called up (hkyg Aph¡g c„X$p¡m)

(213829 Share of Rs.10 each) 2138290.00(213829 i¡f v$f¡L$ êp. 10/- _p¡)

(217680 of Rs.10 each 2176800.00(217680 i¡f v$f¡L$$ êp. 10/- _p¡)

(8950238 Share of Rs.50 each) 447511900.00(8950238 i¡f v$f¡L$$ êp. 50/- _p¡)

(10201111 Share of Rs.50 each) 510055550.00(10201111 i¡f v$f¡L$$ êp. 50/- _p¡)

449650190.00 512232350.00 Less : Calls unpaid 0.00 0.00

449650190.00 512232350.00

of (III) above held by D‘f“p ‘¥L$u (a) Individuals 512232350.00 ìeqL$sAp¡“¡

(b) Co-operative Institutions 0.00 0.00 klL$pfu k„õ’pAp¡“¡

(c) State Govemment 0.00 0.00 fpS>e kfL$pf“¡

Total Ly$g 512232350.00

449650190.00

449650190.00

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2 RESERVE FUND AND OTHER RESERVES2 A_pds A“¡ c„X$p¡m

1 Statutory ReservesL$pev$p“ykpf A“pdsp¡

2 Agricultural Credit Stabilisation Fund 0.00L$©qj r^fpZ a„X$

3 Building FundBdpfs a„X$

4 Dividend Equalization FundqX$huX$ÞX$ BL$hu. a„X

5 Bad / Doubtful Debt ReserveXy$bs / iL$d„v$ g¡Zp A“pds

6 Provision For DoubtFul & Loss Account Xy$bs iL$d„v$ g¡Zp kpd¡ Å¡NhpCAp

7 Bddr 8.5% (Eligible amount) 7.5% for F.Y. 2017-18)Xy$bs iL$d„v$$ g¡Zp A_pds 8.`% (`pÓ fL$d) (hj® 2017-18 7.‘%)

8 I.D.R. Against Govt. Secu. (AFS)fp¡L$pZ ^kpfp A_pds kfL$pfu Ådu_Nufu (A¡. A¡a. A¡k)

10 Other Funds & Reserves 2094070736.62AÞe a„X$ A_¡ A_pds

Co-op Publicity FundklL$pfu âQpf a„X

Jankalyan NidhiS>_L$ëepZ _ur^$

Celebration FundDS>hZu a„X$

General Welfare FundkpdpÞe L$ëepZ _ur^

Staff Bonus ReserveõV$pa bp¡_k A_pds

Surety Loan Benefit FundÅ. Å gp¡_ b¡_uauV$ a„X$

Contingency FundApL[õdL$ a„X$

Special Reserverhi¡j A“pds

Infrastructure Assets Rese 20% 10800000.00dpmMpL$ue rdëL$s A_pds _ap_p 20%

Member's Welfare Fundkcpkv$$ L$ëepZ _ur^

Investment Fluctuation Reservefp¡L$pZ h^^V$ A_pds

1784748538.46 1608528892.46

0.00

359165010.00 309165010.00

140980001.50 140980001.50

800948804.61 828998923.25

45463000.00 45463000.00

( 301937079.00 268711786.00

2396575.99 22722625.99

9 I.D.R. Against Dist. Co. Op. Bank Shares 250550.00 0.00fp¡L$pZ ^kpfp A_pds Æëgp klL$pfu b¢L$“p i¡f kpd¡

2151211215.09

30732.82 209432.82

2133439.00 8413939.00

2041411.83 2683473.63

21276423.74 28576423.74

0.00 696244.00

52637.60 52637.60

0.00 51303908.73

491019260.00 426019260.00

10800000.00

1294267.60 402457.60

280075000.00 290000000.00

25

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Co.operative Education Fund klL$pfu rinZ a„X$

Provision For Standard AssetsõV$pÞX$X®$ A¡k¡V$k kpd¡ Å¡NhpBAp¡

Business Development FundbuT_¡k X¡$hgp¡`d¡ÞV$$a„X$

Provision for Education SeminarL¡$mhZu k¡du“pf dpV¡$ Å¡NhpB

Revaluation (Assets) Reserve‘y“:dyëep„L$“ (rdëL$sp¡“y„) A“pds

Total Ly$g 2094070736.62

Total Ly$g3 PRINCIPAL / SUBSIDIARY STATE PARTNERSHIP FUND ACCOUNT3 dy¿e / Np¥Z fpS>e cpNuv$pfu “ur^For share capital of : “p c„X$p¡m dpV¡$

(I) Central Co-operative Bank dÂeõ’ klL$pfu b¢L$$ 0.00 0.00

(ii) Primary Agricultural Credit Societies âp’rdL$ M¡su rhjeL$ klL$pfu d„X$muAp¡$ 0.00 0.00

(iii) Other Societies AÞe d„X$muAp¡ 0.00 0.00

Total Ly$g 0.00 0.00

5412996.00 5212996.00

93306000.00 83900000.00

82518439.50 9552389.50

0.00 413662.00

1161250607.00 1175833912.00

2151211215.09

5587100774.65 5318640975.82

4 DEPOSIT & OTHER ACCOUNTS4 \p`Zp¡ A_¡ AÞe MpspAp¡dp„

1 Fixed Deposits 29537778698.96bp„^u dyv¹$s \p`Z(1) Individuals ìeqL$sAp¡(2) Central Co. Op. Banks. 0.00 0.00

dÂeõ\ klL$pfu b¡ÞL$p¡(3) Other Societies

AÞe d„X$muAp¡ 2 Saving Bank Deposits 10206977224.26

bQs ’p‘Zp¡(1) Individuals ìeqL$sAp¡(2) Central Co. Op. Bank. s 0.00 0.00


AÞe d„X$muAp¡ 3 Current Deposits 2095736810.76 1530596683.86

Qpgy \p`Zp¡(1) Individuals

ìeqL$sAp¡(2) Central Co. Op. Bank. s 0.00 0.00


AÞe d„X$muAp¡ 4 Money At Call And Short Notice 0.00 0.00

V|„$L$u dyv¹$s A“¡ L$p¡g Mps¡ fL$dTotal Ly$g

30446951441.74

29971792881.74 28636425733.96

475158560.00 901352965.00

10890714958.65

10861059433.38 10182050385.46

29655525.27 24926838.80

2058480071.70 1478325468.77

37256739.06 52271215.09

43433403211.15 41275352607.08

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5 BORROWINGS 5 L$fS>(I) From RBI (The National Bank) / State / Central Co-operative Bank Apf.bu.Ap B. (fpóV²$ue b¢L$) / fpS>e / rS>ëgp L$p¡-Ap¡‘. b¢L$ ‘pk¡’u (a) Shot Term Loans , Cash Credits & Overdraft Of which secured against 0.00 0.00 V |„$L$u dyv$s“u gp¡“, fp¡L$X$ ipM A“¡ Ap¡hfX²$paV$ S>¡ ‘¥L$u “uQ¡ dyS>b“p r^fpZ kpd¡

(i) Govemment & other approved securities 0.00 0.00 kfL$pfu A“¡ AÞe dpÞe Ådu“NufuAp¡

(ii) Other tangible securities 0.00 0.00

AÞe hpõsrhL$ Ådu“NufuAp¡ (b) Medium Term Loan Of which secured against 0.00 0.00

dÂed dyv$s “u gp¡“ S>¡ ‘¥L$u “uQ¡ dyS>b“p r^fpZ kpd¡ (i) Govemment & other approved securities 0.00 0.00

kfL$pfu A“¡ AÞe dpÞe Ådu“NufuAp¡ (ii) Other tangible securities 0.00 0.00

AÞe hpõsrhL$ Ådu“NufuAp (c) Long Term Loan Of which Secured against 0.00 0.00

gp„bu dyv$s“u gp¡“ S>¡ ‘¥L$u “uQ¡ dyS>b“p r^fpZ kpd¡ (i) Govemment & other approved securities 0.00 0.00


AÞe hpõsrhL$ Ådu“NufuAp (ii) From State Bank of India

õV¡$V$ b¢L$ Ap¡a BÞX$uep ‘pk¡’u (a) Short Term Loans , Cash Credits & Overdraft Of which secured against 0.00 0.00

V|„$L$u dyv$s“u gp¡“, fp¡L$X$ ipM A“¡ Ap¡hfX²$paV$ S>¡ ‘¥L$u “uQ¡ dyS>b“p r^fpZ kpd¡ (i) Govemment & other approved securities 0.00 0.00


AÞe hpõsrhL$ Ådu“NufuAp¡ (b) Medium Term Loan Of which secured against 0.00 0.00

dÂed dyv$s “u gp¡“ S>¡ ‘¥L$u “uQ¡ dyS>b“p r^fpZ kpd¡ (i) Govemment & other approved securities 0.00 0.00


AÞe hpõsrhL$ Ådu“NufuAp (c) Long Term Loan Of which Secured against 0.00 0.00



AÞe hpõsrhL$ Ådu“NufuAp(iii) From State Govemment

fpS>e kfL$pf ‘pk¡’u (a) Short Term Loans , Of which secured against 0.00 0.00

V|„$L$u dyv$s“u gp¡“, S>¡ ‘¥L$u “uQ¡ dyS>b“p r^fpZ kpd¡ (i) Govemment & other approved securities 0.00 0.00


AÞe hpõsrhL$ Ådu“NufuAp¡ Medium Term Loan Of which secured against 0.00 0.00 (b) dÂed dyv$s “u gp¡“ S>¡ ‘¥L$u “uQ¡ dyS>b“p r^fpZ kpd¡ (i) Govemment & other approved securities 0.00 0.00


AÞe hpõsrhL$ Ådu“NufuAp¡ ( c) Long Term Loan Of which Secured against 0.00 0.00



AÞe hpõsrhL$ Ådu“NufuAp¡


27

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âp¡huX$ÞX$ a„X$“u Å¡NhpB - A¡d. Æ. fp¡X$

(iv) Loans from other sources AÞe õsp¡Ó’u gu^¡g gp¡“ (a) S hort Term Loans , Cash Credits & Overdraft 0.00

V|„$L$u dyv$s“u gp¡“, fp¡L$X$ ipM A“¡ Ap¡hfX²$paV$ S>¡ ‘¥L$u “uQ¡ dyS>b“p r^fpZ kpd¡ (b) Refinance NHB Housing A¡“. A¡Q. bu. lpDk]N fuapC“pÞk(c) Borrowing From CCIL ku.ku.ApB.A¡g. L$S>®

Total Ly$g

0.00

0.00 19534000.00

0.00 0.00

0.00 19534000.00

6 BILLS FOR COLLECTION BEING BILLS RECEIVABLE (as per contra)buëk ap¡f L$g¡L$i“ (kpdu bpSy> rbëk ap¡f fukuh¡bg)

7 BRANCH ADJUSTMENTS ipMp“p lhpgp

8 OVERDUE INTEREST RESERVE dyv$s rhs¡gp ìepS>“u A“pds

9 INTEREST PAYABLE Q|L$hhp‘pÓ ìepS>

10 OTHER LIABILITIESAÞe S>hpbv$pfuAp¡

(a) Bills Payable QyL$hhp‘pÓ bugp¡

(b) Unclaimed Dividend hZQyL$hpe¡g X$uhuX$ÞX$

(c) Sundry ‘fQyfZ

(d) Income tax Payable prov. QyL$hhp‘pÓ AphL$h¡fp âp¡huT“

(e) Deferred Tax Liability X$ua¡fV¡$n“u S>hpbv$pfu

(f) Staff Bonus Payable QyL$hhp‘pÓ õV$pa bp¡“k

(g) National Union Edu. cess fpóV²$ue i¥nrZL$ k„^

(h) Staff Insentive L$d®Qpfu âp¡Ðkpl“

(I) Leave Encashment reserve fÅAp¡“p fp¡L$X$ ê‘p„sf“u Å¡NhpB

(j) Staff Benefit Fund õV$pa b¡“uauV$ a„X$

(k) Prov. for Staff Salary L$d®Qpfu ‘Npf“p saphs A¡fuek®

(l) Prov. for Gratuity L$d®Qpfu N°¡ÃeyV$u dpV¡$“u Å¡NhpB

(m) Prov. for PF-M. G. Road

(n) Prov. for Service tax krh®k V¡$n“u Å¡NhpB

(o) Prov. for other Asset(liab) AÞe rdëL$s“u S>hpbv$pfu“u Å¡NhpB

Total Ly$g

4530502.61 4348386.13

1153570.58 2579297.18

23020298659.06 20246040241.91

573400912.42 646200771.48

722383618.28 802372755.54

94677397.87 87515886.63

64779195.00 55971134.00

72878901.67 56524399.71

417371899.00 527883477.32

3670090.00 3670090.00

300000.00 1200000.00

18050000.00 11550000.00

0.00 1564405.00

3765666.00 10115666.00

15584611.44 15000293.58

0.00 71546.00

15000000.00 15000000.00

1655000.00 1655000.00

4910000.00 4910000.00

9740857.30 9740857.30

722383618.28 802372755.54

sp. 31-03-2019 _p fp¡S>_y„ BALANCE SHEETAS ON 31 MARCH 2019st

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11 PROFIT & LOSS “ap A“¡ “yL$ip“

Profit / Loss as per last Balance sheet (A)

Nshj®“p / kfh¥ep âdpZ¡ “ap / “yL$ip“

Less : Appropriations (B)

- apmhZu

Add : Profit for the year brought from the

Profit & Loss Account

+ Qpgy hj®“p “ap-“yL$ip“ ‘ÓL$ Mps¡’u gph¡g “ap¡

Profit / Loss Account (A-B+C)

“ap A“¡ “yL$kp“

Grand Total N°pÞX$ V$p¡V$g

CONTINGENT LIABILITIES ApL$rõdL$ S>hpbv$pfuAp¡

(a) Outstanding liabilities for Guarantees issued

N¡f„V$uAp¡ kpd¡

(b) Others

AÞep¡

(i) Letter of Credit Issued on behalf of Clients

A¡g. ku. kpd¡

(ii) DEAF Scheme with RBI

Apf.bu.ApB“u. X¡$a ep¡S>“p

Total Ly$g

650000000.00 600000000.00

650000000.00 600000000.00

(C)

720000000.00 650000000.00

720000000.00 650000000.00

74511921438.75 69477301385.14

549116571.00 436967140.00

650000.00 1252000.00

129190443.87 117235535.49

678957014.87 555454675.49

Notes on Accounts are forming part of AccountsAs per our report of even date

For , D.V. SHAH & ASSOCIATES


FRN : 109551W

DILIPKUMAR VADILAL SHAH

Partner

M. No. 034294

Place : Rajkot

Date : 01-06-2019

For , H.J.P. & Co.


FRN : 113456W

VIREN L. KOTHARI

Partner

M. No. 046949

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31/03/2018PROPERTY & ASSETS


1. CASH (fp¡L$X$) In hand and with RBI (National Bank) , State Bank Of India , State. Co-Op Bank and Central Co-Op. Bank lp’ D‘f A“¡ Apf.bu.ApB (fpóV²$ue b¢L$), õV¡$V$ b¢L$ C[ÞX$ep, fpS>e klL$pfu b¢L$, dÂeõ’ klL$pfu b¢L$dp„ ‘|fp„s

2. BALANCE WITH OTHER BANKS (AÞe b¢L$dp„ ‘yfp„s)(1) Current Account (Qpgy Mpspdp„)

(2) Saving Bank Deposit a/c. (bQs Mpspdp„) 0.00 0.00

(3) Fixed Deposit a/c. (bp„^u dyv¹$s Mpspdp„)

(i) Fixed Deposit with Banks (b¡ÞL$p¡dp„ bp„^u dyv¹$s ’p‘Z)

(ii) Certificate of Deposits with Banks (b¡ÞL$p¡dp„ ’p‘Z âdpZ ‘Ó) 0.00 0.00

Total Ly$g

3. MONEY AT CALL & SHORT NOTICE (V|„$L$u dyv¹$s A“¡ L$p¡g Mps¡ fL$d)4. INVESTMENTS (fp¡L$pZp¡)

(i) In Central & State Govt. Securities At Book Value

(L¡$ÞÖ A“¡ fpS>e kfL$pf“u Ådu“NufuAp¡dp„ Mfuv$ qL„$ds) Face Value (v$pi®“uL$ qL„$ds) 9809970000.00 Market Value (bÅf qL„$ds) 9822478210.0 0

(ii) Other Trustee Securities (AÞe V²$õV$u Ådu“NufuAp¡dp„) 0.00

(iii) Shares in Co-Op. Institutions other than in item (5)

(klL$pfu k„õ’p“p i¡fp¡dp„) rdgL$s A“¡ g¡Zp“u qhNs “„. 5 rkhpe“p(iv) Other investments (to be specified)

(AÞe fp¡L$pZp¡ (r“qv$®óV$ L$ep® dyS>b)A. Debn. And Bonds $qX$b¢Qf A“¡ bp¡ÞX$dp„ 8.60% Power fin corp (‘u. A¡a. ku.) 9.75% South IND Bank (A¡k. ApB. bu.) 10.24% L&T Fina. (A¡g. A¡ÞX$. V$u. ape“pÞk) 9.65% Yes Bank (ek b¢L$) 8.65% IDFC (ApB.X$u.A¡a. ku.) 8.80% IDFC (ApB.X$u.A¡a.ku.)

9.50% YES Bank (ek b¢L$) 9% Lic Housing Finance 20000000.00

(A¡g.ApB.ku. lpDk]N ape“pÞk) 10.30% Yes Bank (ek b¢L$) 10.25% REL Gas Infra.

(fugpeÞk N¡k BÞa²p)

2187715915.07 2029737665.14

59342345.29 17841313.79

6570400000.00 4666300000.00

6629742345.29 4684141313.79

1400000000.00 3350000000.00

11190111897.00 10137452519.00

11050360000.00

10938318856.00

0.00

12650500.00 12651050.00

1889227423.02 1985113750.00

1040914673.02 1335113750.00

25000000.00 25000000.00

50000000.00 50000000.00

7026000.00 7026000.00

39940000.00 39940000.00

50000000.00 50000000.00

50000000.00 50000000.00

20000000.00 20000000.00

20000000.00

10000000.00 10000000.00

51677500.00 51677500.00

5.25% NHAI Tax Bond 2020 5000000.00 5000000.00

(A¡“.A¡Q.A¡.ApB. V¡$L$k bp¡ÞX$ 2020)7.09% REC Tax Free Bond 0.00 80152000.00 (Apf.B.ku-V¡$¼k a²u bp¡ÞX$$)

7.07% HUDCO Tax Free Bond 0.00 200100000.00 (lºX$L$p¡ V¡$¼k a²u bp¡ÞX$$)

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kfh¥ey„As on

31/03/2019As on



7.28% NTPC Tax Free Bond 0.00 14990000.00 (A¡“.V$u.‘u.ku. V¡$L$k a²u bp¡ÞX$)7.35% IRFC Tax Free Bond 37621000.00 37621000.00 (ApB.Apf.A¡a.ku. V¡$¼k a²u bp¡ÞX$$)8.39% IFCI Tax Free Bond 51659750.00 51659750.00 (ApB.A¡a.ku.ApB V¡$¼k a²u bp¡ÞX$$)8.66% IIFCL Tax Free Bond 24004960.00 0.00 (ApB.ApB.A¡a.ku.A¡g V¡$¼k a²u bp¡ÞX$$)7.28% IRFC Tax Free Bond 21140000.00 21140000.00 (ApB.Apf.A¡a.ku. V¡$¼k a²u bp¡ÞX$$)7.34% IRFC Tax Free Bond 53296500.00 0.00 (ApB.Apf.A¡a.ku. V¡$¼k a²u bp¡ÞX$$)7.28% NHAI Tax Free Bond 29 3 969250.00 344757400.00 (A¡“.A¡Q.A¡.ApB. V¡$¼k a²u bp¡ÞX$$)8.66% NTPC Tax Free Bond 0.00 57341500.00 (A¡“.V$u.‘u.ku. V¡$¼k a²u bp¡ÞX$$)8.72% Cochin Shipyard Tax Free Bond 60540000.00 60540000.00 (L$p¡Qu“ iu‘epX®$ V¡$n äu bp¡ÞX$)7.18% IRFC Tax Free Bond 102454000.00 0.00 (ApB.Apf.A¡a.ku. V¡$¼k a²u bp¡ÞX$$)7.27% PFC Tax Free Bond 10268000.00 10268000.00 (‘u.A¡a.ku. V¡$¼k a²u bp¡ÞX$$)7.49% IREDA Tax Free Bond 0.00 27248000.00 (ApB.Apf.B.X$u.A¡ V¡$L$k a²u bp¡ÞX$)

7.22% REC Tax Free Bond 10240190.00 0.00 (Apf.B.ku-V¡$¼k a²u bp¡ÞX$$) 7.21% PFC Tax Free Bond 0.00 100652600.00 (‘u.A¡a.ku. V¡$¼k a²u bp¡ÞX$$)8.41% NTPC Tax Free Bond 17097008.46 0.00 (A¡“.V$u.‘u.ku. V¡$L$k a²u bp¡ÞX$)7.39% HUDCO Tax Free Bond 29980514.56 0.00 (lºX$L$p¡ V¡$¼k a²u bp¡ÞX$$)

B. Unit of Mutual Fund (eyr“V$ Ap¡a çeyÃeyg a„X$) 600000000.0 0 650000000.00 Reliance Regular Savings Fund - Debt 0.00 100000000.00

(qfgpeÞk f¡Áeygf k¢rhÁTk a„X$ X¡$åV$) Birla Sunlife Corporate Bond Fund 0.00 50000000.00

(bufgp k“gpBa L$p£‘p¡f¡V$f bp¡ÞX$ a„X$$)Franklin India Short Term Income Plain 0.00 100000000.00

(a¡ÞL$guN ip¡V®$ V$d® BÞL$d àgp“)Reliance Quarterly Interval Fund 0.00 250000000.00

(qfgpeÞk qÓdpkuL$ BÞV$fhg a„X$$)Axis Regular Savings Fund 0.00 150000000.0 0

(A¡¼kuk f¡Áeygf k¡rhÁk a„X$)Reliance Money Market Fund 300000000.00 0.00

(qfgpeÞk d“u dpfL¡$V$ a„X$$)Kotak Corporate Bond Fund 300000000.00 0.00

(L$p¡V$L$ L$p£‘p¡f¡V$ bp¡ÞX$ a„X$$)

31

A N N U A L R E P O R T 2 0 18-19


sp. 31-03-2019 _p fp¡S>_y„

kfh¥ey„As on

31/03/2019As on



C. CBLO Lending (ku.bu.A¡g.Ap¡.) 0.00 0.00D. Commercial Paper (L$p¡di}eg ‘¡‘f) 248312750.00 0.00

Welspun Enterprise Ltd 248312750.00 0.00(h¡ëk‘y“ A¡ÞV$fâpBT gu.)

Total Ly$g 13091989820.02 12135217319.005. Investments out of the Principal Subsidiary State Partnership funds 0.00 0.00

in shares of (dy¿e Np¥Z fpS>e cpNuv$pfu a„X$dp„ fp¡L$pZ)(I) Central Co-Op. Bank in Shares of 0 .0 0 0.00 (dÂeõ’ klL$pfu b¢L$)(ii) Primary Agricultural credit Societies 0 .0 0 0.00 (âp’rdL$ M¡su rhjeL$ ifpau d„X$muAp¡$)(iii) Other Societies (AÞe d„X$muAp¡$) 0.0 0 0.00

Total Ly$g 0.00 0.0 0

6 ADVANCES(I) Short Term Loans , Cash Credit , Overdraft & Bills Discounted of Which Secured Against (V|„$L$u dyv$s“u fp¡L$X$ ipM, Ap¡hfX²$paV$ A“¡ hV$ph¡gp„ rbgp¡ ‘¥L$u rkL$eyfuV$u kpd¡$$)(a) Goverment & Other approved Securities (kfL$pfu A“¡ AÞe dpÞe Ådu“NufuAp¡“p spfZ kpd¡)(b) Other tangible Securities (AÞe hpõsrhL$ Ådu“Nufu“p spfZ kpd¡)(1) of the advances amount due from individuals (2) of the advances , amount overdue

(dyv$s rhs¡g fL$d)(3) considered bad and doubtful of recovery (ii) Medium Term Lerm Loans of which Secured Against(a) Goverment & Other approved Securities (kfL$pfu A“¡ AÞe dpÞe Ådu“NufuAp¡“p spfZ kpd¡)(b) Other tangible Securities (AÞe hpõsrhL$ Ådu“Nufu“p spfZ kpd¡)(1) of the advances amount due from individuals (2) of the advances , amount overdue (dyv$s rhs¡g fL$d)(3) considered bad and doubtful of recovery (iii) Long Term Loans of which Secured Against(a) Goverment & Other approved Securities (kfL$pfu A“¡ AÞe dpÞe Ådu“NufuAp¡“p spfZ kpd¡)(b) Other tangible Securities (AÞe hpõsrhL$ Ådu“Nufu“p spfZ kpd¡)

(1) of the advances amount due from individual (2) of the advances , amount overdue

(dyv$s rhs¡g fL$d)(3) considered bad and doubtful of recover

Total Ly$g

8859403937.43 10351504037.48

(ìeqL$sAp¡ ‘pk¡) 8859403937.43 10351504037.48 964297724.21 1354521771.41

(A„v$pS>¡gy Xy$bs A“¡ iL$d„v$ g¡Ï„) 958373701.61 1114935024.207415199177.67 6282994380.71

(ìeqL$sAp¡ ‘pk¡) 7415199177.67 6282994380.71804763.50 34457788.50

(A„v$pS>¡gy Xy$bs A“¡ iL$d„v$ g¡Ï„) 123557546.06 145870422.768380191519.22 6928574576.14

(ìeqL$sAp¡ ‘pk¡) 8380191519.22 6928574576.144099696.20 30290950.19

(A„v$pS>¡gy Xy$bs A“¡ iL$d„v$ g¡Ï„) 418681281.20 290766235.20

24654794634.32 23563072994.33

32

A N N U A L R E P O R T 2 0 18-19


sp. 31-03-2019 _p fp¡S>_y„

kfh¥ey„As on

31/03/2019As on


For Rajkot Nagarik Sahakari Bank Ltd.

Vinod SharmaChief Executive Officer

Nalin VasaChairman

Jivanbhai PatelVice Chairman

7. INTEREST RECEIVABLE dmhp‘pÓ ìepS>

of which overdue (s¡ ‘¥L$u dyv¹$s rhs¡g)

considered bad & doubtful of recovery

(A„v$pS>¡gy Xy$bs A“¡ iL$d„v$ g¡Ï„)

8. BILLS RECEIVABLE BEING BILLS FOR COLLECTION AS PER CONTRA

rbëk fukuh¡bg (kpdu bpSy> rbëk ap¡f L$g¡L$i“)

9. BRANCH ADJUSTMENTS ipMp“p lhpgp> 0.00 0.00

10. PREMISES LESS DEPRECIATION õ’phf rdëL$s (Okpfp bpv$)

11. FURNITURE & FIXTURES LESS DEPRECIATION

ar“®Qf A“¡ qaL$Qk® Okpfp bpv$

12. OTHER ASSETS AÞe rdëL$sp¡

(I) Interest accrued on Investments fp¡L$pZp¡“y„ ìepS>

(ii) Tax Paid in Advance Tax ANpD’u cf¡g h¡fp

(iii) Stationery and Stamps õV¡$i“fu A“¡ õV¡$ç‘

( v) Others @

Sundries (‘fQyfZ)

Service Tax Adv. Ag. Demand

(ANpD’u cf¡g krh®k h¡fp)

Depo. Process. Fees Refund claim

(âp¡k¡k]N au“u X$u‘p¡TuV L$g¡Bd$)

Cersai Fee Advance (ANpD’u cf¡g kfkpB au)

Total Ly$g 32819541.01

Total Ly$g

13. NON-BANKING ASSETS ACQUIRED IN SATISFACTION OF CLAIMS 0.00 0.00 k¡hpAp¡ ‘¡V¡$ âpá L$f¡g “p¡“ b¡[ÞL„$N AL$õedpsp¡

14. PROFIT AND LOSS “ap A“¡ “yL$kp“ Mpsy 0.00 0.00

Grand Total Ly$g 69477301385.14

23020298659.06 20246040241.91

20891024492.49 18431807785.22

23020298659.06 20246040241.91

4530502.61 4348386.13

2061049623.00 2096493318.00

189868845.24 240124511.00

370123656.00 330768332.00

761955444.01 751667538.83

20794715.00 12870224.00

119057279.13 32819541.01

60825774.13 30656997.01

1000000.00 1000000.00

51600.00 51600.00

500000.00 500000.00

Bulding Under Construction 56679905.00 610944.00

(dL$p“ bp„^L$pd kpd¡)

119057279.13

1271931094.14 1128125635.84

74511921438.75


33

A N N U A L R E P O R T 2 0 18-19


1 Interest on Deposits , Borrowings , etc.

’p‘Z A“¡ L$fS> D‘f ìepS>

2 Salaries , Allowances and Provident Fund

õV$pa ‘Npf A¡gphÞk A“¡ âp¡huX$ÞV$ a„X$

3 Director's and Local Committee Members Fees & Allowances

qX$f¡L$V$f A“¡ õ’pr“L$ L$duV$u kæep¡“u au A“¡ cÕ’pAp¡

4 Rent , Taxes , Insurance , Lightings , etc

cpX$p, V¡$L$k, rhdp MQ® A“¡ Bg¡L$V²$uL$ rbg

5 Law Charges

L$pev$pL$ue QpÆ®k

6 Postage Telegrams & Telephone Charges

V$‘pg - spf A“¡ V¡$guap¡“ QpÆ®k 7 Auditors Fees

Ap¡qX$V$fp¡“u au

8 Depreciation on and Repairs in Property

b¢L$“u rdgL$sp¡ ‘f ^kpfp¡ A“¡ kdpfL$pd

9 Stationary Printing & Advertisement , etc

õV¡$i“fu râÞV$]N A“¡ Ål¡fps rhN¡f¡

10 Loss from sale of or Dealing with Non-Banking Assets 0.00 0.00

“p¡“ b¡[ÞL„$N rdëL$sp¡ h¡Qpsp ’e¡g “yL$ip“

11 Other Expenditure

AÞe MQ®

12 Provisions and Contingencies (Å¡NhpBAp¡ A“¡ ApL$[õdL$ S>hpbv$pfuAp¡)

1. Staff Bonus Payable õV$pa bp¡“k ‘¡e¡bg

2. Staff Benefit Fund

õV$pa b¡r“auV$ a„X$

3. Income Tax Payable Prov. Q|L$hhp ‘pÓ AphL$h¡fp“u Å¡NhpB

4. Bad/Doubtful Debt Reserve

Xy$bs / iL$d„v$ g¡Zp A“pds

5. Provision for Standard Assets

õV$pÞX$X®$ A¡k¡V$k“u kpd¡ Å¡NhpBAp¡

6. Prov. for Gratuity

N°¡ÃeyBV$u dpV¡$“u Å¡NhpB

8. Amortisation of G.secs. Given Under Lien

2681748955.49 2801455463.98

347343539.82 332151374.00

15420.00 21292.00

93986128.89 89570156.75

10976541.96 8068154.28

9447619.72 9152900.17

3876453.38 5260864.00

118653509.34 133076586.01

21406522.31 21851536.72

95171086.71 112186372.53

457632066.86 481899734.47

300000.00 1200000.00

9050086.86 4900111.47

125000000.00 287818000.00

235600000.00 69163000.00

9406000.00 7110000.00

15000000.00 15000000.00

7. SGL Amortisation of HTM INVT. 25186623.00 25304735.00 fp¡L$pZp¡“p ‘y“:dyëep„L$“’u ’e¡g Mp¡V$

1214064.00 0.00

fp¡L$pZ“p ‘y“:dyëep„L$“’u ’e¡g Mp¡V$

S>¡ Nh®. rkL$eyfuV$k spfZdp„ Ap‘¡g R>¡.

As on31/03/2019

As on31/03/2018EXPENDITURE

sp. 31-03-2019_p fp¡S> ‘yfp ’sp„ hj®“y„

_ap-_yL$ip_ Mpsy„PROFIT & LOSS ACCOUNTFOR THE YEAR ENDED 31 MARCH 2019st

34

A N N U A L R E P O R T 2 0 18-19


As on31/03/2019

As on31/03/2018EXPENDITURE

sp. 31-03-2019_p fp¡S> ‘yfp ’sp„ hj®“y„


Notes on Accounts are forming part of Accounts

As per our report of even date

Place : Rajkot

Date : 01-06-2019


Partner

M. No. 034294

For , D.V. SHAH & ASSOCIATES


FRN : 109551W

9. Leave Encashment Reserve

guh A¡“L¡$id¡ÞV$ A“pds

10. Bddr 8.5% eligible Of Net Prof

Xy$bs iL$d„v$ g¡Zp A“pds 8.5% (‘pÓ fL$d)$

(hj® 2017-18 7.5%)

Total Ly$g 481899734.47

13. Balance of Profit Carried to Balance Sheet 720000000.00 “ap“u fL$d kfh¥epdp„ gB Nep.

Total Ly$g

3650000.00 10000000.00

33225293.00 61403888.00

(7.5% for F.Y. 2017-18)

457632066.86

650000000.00

4560257844.48 4644694434.91

For , H.J.P. & Co.


FRN : 113456W

VIREN L. KOTHARI

Partner

M. No. 046949

35

A N N U A L R E P O R T 2 0 18-19


As on31/03/2019

As on31/03/2018INCOME

sp. 31-03-2019_p fp¡S> ‘yfp ’sp„ hj®“y„


For Rajkot Nagarik Sahakari Bank Ltd.

Vinod Sharma

Chief Executive Officer

Nalin Vasa

Chairman

Jivanbhai Patel

Vice Chairman

1 Interest & Discount

(ìepS> A“¡ hV$ph)

2 Commission , Exchange & Brokerage

L$dui“, rhr“de A“¡ v$gpgu$

3 Subsidies & Donations 0.00 0.00

kbkuX$u A“¡ X$p¡“¡i“$

4 Income from Non-Banking Assets and Profit from 0.00 0.00

Sale of or Dealing with such Assets

“p¡“ b¡[ÞL„$N rdëL$sp¡“y„ h¡QpZ ANf l¡fa¡f’u ’e¡g AphL$

5 Other Recei pts

AÞe AphL$$

6 Loss (if Any) 0.00 0.00

“yL$ip“ (Å¡ lp¡esp¡) Total Ly$g

4111022197.00 4066032163.02

71656261.37 85114489.75

377579386.11 493547782.14

4560257844.48 4644694434.91

36

A N N U A L R E P O R T 2 0 18-19


SIGNIFICANT ACCOUNTING POLICIES

(1) Accounting Convention

(2) Investments

2.1

2.2

2.3

(1)

(2)

(3)

(3) Advances

3.1

3.2

3.3

The financial statements have been prepared in accordance with Section 29 of Banking Regulation Act 1949 as applicable

to Cooperative Societies.

The financial statements are prepared under the historical cost convention and confirm to the statutory provision &

prevailing practices, except as otherwise stated.

Classification of investments is made as per the guidelines of Reserve Bank of India. The entire investment portfolio of

the Bank is classified under three categories viz. "Held Till Maturity", "Held for trading” and "Available for Sale" as

shown under notes forming part of accounts. For the purpose of Balance Sheet the investments have been classified

in the following four categories viz.

(a) Government Securities

(b) Other approved securities

(c) Shares in Co.Op. institutions

(d) Other Investments

In respect of securities included in any of the above three categories where interest / principal is in arrears for more

than 90 days, income is not recognized, as per prudential norms as per Reserve Bank of India Master Circular No.

DCBR.BPD. (PCB) MC No.12/09.14.000/2015-16 dated July 1, 2015. During the year there is no interest/principal in

arrears for more than 90 days.

The Valuation of Investments is done in accordance with the guidelines issued by Reserve Bank of India Master

Circular No. DCBR. BPD (PCB).MC.No. 4/16.20.000/2015-16 dated July 1, 2015.

Investments under "Held Till Maturity" category are carried at Acquisition cost and the premium paid has

been amortised through remaining period of maturity.

Investments under "Available for Sale" category are being marked to market on individual script basis once in

a year i.e. on balance sheet date. Net depreciation in values is being fully provided for, whereas net

appreciation is being ignored. The book value of individual security does not undergo any change on

Revaluation. The Rates for valuation of above investments are based on rates put by Financial Benchmark

India Pvt. Ltd. on last working day of the financial year 2018-19.

No investments were held under "Held for Trading" category during the year.

Advances are classified as performing and non-performing assets and provisions are made in accordance with the

prudential norms prescribed by Reserve Bank of India. (RBI Master Circular No.DCBR.BPD. (PCB) MC

No.12/09.14.000/2015-16 dated July 1, 2015 and DBR No BP BC 37/21.04.048/2016-17 dated November 21,

2016)

Advances are stated net of Interest Receivable on Non Performing Advances.

Provision for Standard Assets has been made as per (RBI Master Circular No.DCBR.BPD. (PCB) MC No.12

/09.14.000/2015-16 dated July 1, 2015) .

Sr. No. Category of standard Asset Rate of

Provisioning

1

2

3

4

Commercial Real Estate (CRE) Sector

CRE-Residential Housing (CRE-RH) Sector

All other loans and advances not included in (1),(2) and (3) above

0.25%

1.00%

0.75%

0.40%

Direct advances to and SME sectorsAgriculture

37

A N N U A L R E P O R T 2 0 18-19


SIGNIFICANT ACCOUNTING POLICIESSIGNIFICANT ACCOUNTING POLICIES Continue....

Net profit is arrived at after “provisions and contingencies” which includes

Depreciation is calculated on W.D.V. method for all the above items except in respect of item no. 3 (Computer Systems) on which it is calculated on Straight-line method as per instructions contained in RBI Circular no. UBD.BPD.CIR.7-09-50-00/2003-04 dated August 5, 2003.Depreciation is provided for half year on assets sold or written off if used for more than 180 days. In other cases no depreciation is provided on assets sold or written off. On addition, it is provided for full year if it is used for more than 180 days, in other cases it is provided for half year.The depreciation is calculated on individual asset if the W.D.V. of particular asset is more than Rs. 100/-.

(1) Provision for Staff Bonus Payable(2) Provision for Staff Benefit Fund(3) Provision for Income-tax(4) Provision for Bad/doubtful Debt Reserve(5) Provision for Standard Assets(6) Provision for Gratuity(7) Amortization of HTM Investment(8) Amortization of G-Secs given under lien to CCIL (9) Provision for Staff Leave Encashment(10) BDDR 8.5% of Net Profit

(8) Provision for contingencies

(5) Revenue Recognition5.1 Income

5.2 ExpenditureAll

1.2.

(6) Retirement Benefits

(7) Depreciation

1 Building 5%

2 Air Conditioner 15%

3 Computer systems 33.33%

4 Motor vehicles (Including Mobile Van) 20%

5 Lockers 10%

6 Furniture 10%

7 Electric items 20%

8 Cycles 25%

All revenues are accounted for on accrual basis. However, considering the nature of transactions, smallness of amounts, uncertainties involved and consistent practice, Locker rent including Advance Locker rent, Commission on Bank Guarantee/LC, Interest on overdue bills, Demat AMC charges - allied charges in Demat account and interest income on Non Performing Assets are recognized on Cash basis.

the expenses except as otherwise stated are accounted for on accrual basis. However, considering the nature of transactions, smallness of amounts, uncertainties involved and consistent practice:

Interest on Overdue Deposits is accounted on accrual basis as per saving rate of interest at the time of renewal.Law charges, and miscellaneous expenses are accounted for on payment basis.

The Bank has taken group gratuity insurance with the Life Insurance Corporation of India, Bajaj Allianz Life Insurance Co. Ltd. and Aditya Birla Sun Life Insurance Company Ltd. for payment of retirement gratuity as well as Leave Encashment under the group gratuity scheme.

Depreciation is charged consistently as per the rates decided by the Bank on various assets as under;

(4) Fixed Assets4.1

4.2

4.3

The fixed assets of the Bank include freehold & Leasehold properties. Land and building are stated at cost except wherever revalued. Other Fixed Assets are stated at historical cost except wherever revalued. Cost comprised of acquisition costs duties, taxes, other than those refundable from respective authorities and expenses incurred to bring the assets to its working condition. Any addition or improvement thereto is added to its cost if it increases future economic benefits from previously assessed standard of performance of respective assets. Leasehold property of Kalbadevi Branch, Mumbai has been amortised over a period of 20 years beginning from F.Y. 2010-11 and accordingly 5% depreciation provided.

38

A N N U A L R E P O R T 2 0 18-19


SIGNIFICANT ACCOUNTING POLICIES Continue....

(9) APPROPRIATION OF NET PROFITNet profit is proposed to be appropriated as under subject to approval of Annual General Body Meeting.

Particulars AmountsNo.

1% of the Net Profit transferred towards contribution to Co-operative Education Fund National Union Education Cess maintain by National Co-operative Union of India Ltd., New Delhi in terms of Section 63

((1)(b)

of the Act. [As per Bye-Laws No.39 (a) (ii)]

2. 72,00,000

Not less than 10% of the Net Profit transferred to a reserve fund meeting unforeseen losses in terms of Section 63(1)(c)[As

per Bye-Laws No.39(a)(iii)]

(Special Reserve) for3. 7,20,00,000

An amount for the payment of Dividend to members @18% as recommended by the Board in terms of Section 63(2)(a) of the Act subject to the approval by the Annual General Body Meeting.[As per Bye-Laws No.39(a)(v)]

4. 8,76,30,000

An amount of 20% towards the Member Welfare Fund [As per Bye-Laws No.39(b)(iii)]9. 1,00,000

An amount of 20% towards the Celebration Fund for emergent event and occasions in future. [As per Bye-Laws No.39(b)(v)]11. 1,00,000

An amount of 20% towards the Co-operative Publicity Fund [As per Bye-Laws No.39(b)(iv)]10. 1,00,000

Total 72,00,00,000

8.An amount of 20% towards the General welfare fund [As per Bye-Laws No.39(b)(ii)] 1,00,000

An amount of 20% towards the Co-operative Education Fund in accordance with section 27 of the Act. [As per Bye-Laws No.39(b)(i)] 7. 1,00,000

1. 18,00,00,00025% of the Net profit transferred to the Reserve Fund

in terms of Section 63(Statutory

Reserves) (1)(a) of Multi State Cooperatives Society Act 2002 [As per Bye-Laws No.39(a)(1)]

An amount transferred to Contingency Fund in terms of Section 63(2)(d) of the Act for the payment of Ex-gratia amount to employees as decided by the Board [As per Bye-Laws No.39(a)(vi)]

5. 4,11,00,000

6. 33,15,70,000Free Reserves [As per Bye-Laws No.39(a)(vii)]

(After distribution of Ner Profit as per Act St.No 1 to 6 on remaining amount of (Rs. 72,00,00,000 - Rs. 71,95,00,000) = Rs. 5,00,000

39

A N N U A L R E P O R T 2 0 18-19


NOTES FORMING PART OF ACCOUNTS

The bank continues to be registered under Multi-State Co-op Societies Act 1984 (as amended from time to time) since 17/01/2001 on obtaining such registration. The Bank is having 2,86,256 shareholders as on 31/03/2019. Further no shareholder is holding more than 2.5% of the total shareholding of the bank.

Previous Year's figures are regrouped and rearranged wherever necessary in the financial statements. While framing our audit report, we have considered the events occurring after Balance Sheet date as per the generally accepted accounting principles.

(1)

(2) Investments2.1 PATTERN:

(I) The total investments of the bank including SLR, Non-SLR Bonds and Other Investment as on 31.03.19 are Rs. 2106.24 Cr.

(a) SLRTotal Investment of SLR securities is Rs 881.91 Cr and the pattern of SLR Investment is as under.

(b) Non-SLR BondsThe c lass i f i ca t ion and accoun t ing have been done as per the RBI Mas te r c i r cu la r No.DCBR.BPD.(PCB).MC.No.4/16.20.000 /2015-16 dated July 1, 2015. Accordingly, the pattern of Non-SLR Securities stands as under.

(ii) No securities are held under Held For Trading Category.

(c) Other Investments :

2.2 Investment Fluctuation Reserve:Investment held under Available For Sale category as on 31.03.2019 stood at Rs. 518.13 Crores. The balance in Investment Fluctuation Reserve was Rs.29.00 Crores as on 31.03.18. There was a transfer of Rs.0.99 Crores from Investment Fluctuation Reserve to Investment Depreciation Reserve on 30.03.2019. Hence the balance of Rs.28.01 Crores was lying under Investment Fluctuation Reserve which was around 5.41% of total AFS portfolio as on 31.03.19. which was higher than 5% required by RBI guidelines.

2.3 Investment Depreciation Reserve:There was no mark to market loss as per the valuation of AFS portfolio as on 31.03.2019. Hence the Investment Depreciation Reserve was in surplus to the extent of Rs 2.27 Crores. The bank has adjusted the IDR worth Rs 2,51,050/- on 19.03.2019 towards writing off the shares of Gujarat Industrial Co-operative bank (Rs 500) and further towards the specific provision (Rs 2,50,550/-) for shares of Junagadh Jilla Sahakari Bank Ltd. There was a transfer of Rs. 0.99 Crores from IFR to IDR on 30.03.2019. The bank transferred the balance worth Rs 3.00 Crores from IDR to BDDR as on 31.03.2019. The resulting balance of Rs 0.26 Crores lying under IDR as on 31.03.19. The securities under Available For Sale are Marked to Market and the balance lying under Investment Depreciation Reserve are as under:

Non SLR Bonds Rs.

Shares of Co-op. Banks Rs.

Total Rs.Debt MutualFunds Rs.

Category CommercialPaper Rs.

HTM

HFT

Total

AFS 104,09,14,673.02

0.00

0.00

104,09,14,673.02

0.00

1,26,50,500.00

0.00

1,26,50,500.00

60,00,00,000.00

60,00,00,000.00

0.00

0.00

24,83,12,750.00

24,83,12,750.00

0.00

0.00

188,92,27,423.02

1,26,50,500.00

0.00

190,18,77,923.02

Category Central Govt.Sec. Rs.

State Govt.Sec. Rs.

Treasury Bills(Central Govt.) Rs.

Total Rs.

AFSHTMHFTTotal

123,54,41,250.00543,06,94,039.00

666,61,35,289.000.00

4,15,20,000.00

13,78,90,000.00

9,63,70,000.000.00

201,51,03,765.00

201,51,03,765.00

0.000.00

329,20,65,015.00

881,91,29,054.00

552,70,64,039.000.00

FD With Banks 657,04,00,000.00Call Money Investments 140,00,00,000.00Lending under RBI LAF Reverse Repo 215,00,00,000.00Central G-Secs given under lien to CCIL 22,09,82,843.00Total 1034,13,82,843.00

40

A N N U A L R E P O R T 2 0 18-19


NOTES FORMING PART OF ACCOUNTS Continue....

Depreciation in Investments (Amt. in Crores)Balance as on 31.03.2018 Rs. 2.27

Add : Specific Provision of Shares of JDCC Bank Rs. 0.03Less : GIC shares written off and specific provision of JDCC Bank

Balance as on 31.03.2019 Rs. 0.26

Add : Transfer from IFR Rs. 0.99

Rs. 0.03Less : Transfer to BDDR Rs. 3.00

(3) NON PERFORMING ASSETS :Bad & Doubtful Debt Reserve (Amt. in Crores)

Balance as on 31-03-2018 Rs. 114.32Add : Appropriation for the year 2017-18 Rs. 12.00Add : Provision from Gross Profit for the year 2018-19 Rs. 26.88

Balance as on 31-03-2019 Rs. 114.83

Add : Transfer from Contingency Fund Rs. 5.48Add : Transfer from IDR Rs. 3.00Less : Utilised during the year Rs. 46.85

The Gross NPA as on 31.03.2019 was Rs.150.06 Crores, as against this the total Bad and Doubtful Debt Reserve held by the Bank is Rs. 114.83 Crores, so the Net NPA works out to Rs. 35.23 Crores which is 1.50% of Net Total Advances.

(4) RESERVES The following adjustments have been done in the Reserves which were held in excess of the requirement. The Reserves have been recast wherever necessary.

(Amt. in Crores)4.1 Contingency Reserve

Balance as on 31-03-2018 Rs. 5.13Add : Appropriation for the year 2017-18 Rs. 6.50

Less : Utilised during the year 2018-19 Rs. 6.15

Balance as on 31-03-2019 Rs. 0.00

Less : Transfer to Bad & Doubtful Debt Reserve Rs. 5.48

4.2 Business Development Fund (Amt. in Crores)

Balance as on 31-03-2018 Rs. 0.95

Balance as on 31-03-2019 Rs. 8.25

Add : Appropriation for the year 2017-18 Rs. 7.00Add : Transfer from Sundry Creditors Rs. 0.30

4.3 Investment Fluctuation Reserve (Amt. in Crores)

Balance as on 31-03-2018 Rs. 29.00Less : Transfer to Investment Depreciation Reserve Rs. 00.99Balance as on 31-03-2019 Rs. 28.01

(5) LIABILITIES

5.1 Taxation :-DISPUTED

In respect of the following assessment years, the Income Tax Department has made additions/disallowances to the income as returned by the bank. The Bank has preferred appeals before appropriate judicial forums which appeals are yet pending for adjudication.

Demand

31,94,384

Assessment Years

2004-05

Reason for disallowance

Interest on I.T. refund notallowed u/s 80P

Amt of Provision made

31,94,384

StatusAppeal is pending before theHon. Supreme Court of India

5,03,7502005-06 Interest on I.T. refund notallowed u/s 80P

5,03,750Appeal is pending before theHon. Supreme Court of India

41

A N N U A L R E P O R T 2 0 18-19



DemandAssessment Years Reason for disallowanceAmt of Provision made StatusAppeal is pending before theHon. Supreme Court of India19,83,5402006-07 Interest on I.T. refund not

allowed u/s 80P19,83,540

Addition u/s 50C of theIncome Tax Act

Appeal is pending for adjudication beforeHon. Income Tax Appellate Tribunal20,82,7702009-10 16,94,957

Disallowance with regardto bed debt provision

Appeal is pending for adjudication beforethe First Appellate Authority38,18,2702012-13 31,42,331

87,99,9102013-14 88,00,000Disallowance with regardto bad debt provision

Appeal is pending for adjudication beforethe First Appellate Authority

30,52,9372014-15 30,52,937Disallowance with regard tobad debt provision

Appeal is pending for adjudication beforethe First Appellate Authority

On the basis of perusal of documents the above matters are likely to be allowed in favour of the bank by the various adjudicating authorities.

5.2. Service Tax :- In respect of the following financial years, the Service Tax Department has raised demands against which the Bank has

preferred appeals before appropriate judicial forums which appeals are yet pending for adjudication.

Demand AmtFY Amt of provision made

49,10,000

Penalty demand StatusAppeal is pending for adjudication beforethe CESTAT -Ahmedabad2004-10

*2012-13

*2013-14

*2014-15

29,01,963

7,99,842

7,77,827

7,85,058

29,01,963

8,09,842

10,000

98,506

- - -

- - -

- - -

Appeal is pending for adjudication beforethe CESTAT -Ahmedabad



*On the basis of perusal of documents these matters are likely to be allowed in favour of the bank by the above adjudicating authorities and hence no provision is deemed necessary.

(6) INCOME TAX6.1

6.2

During the year, the bank has paid Advance Tax/TDS of Rs. 26.43 crores. The provision for Income Tax has been made for Rs.12.50 crores as per the provision of Income tax Act,1961.Deferred Tax Liability on the Special Reserve (Infrastructure Asset Reserve) under section 36(1)(viii) of the Income Tax Act 1961

thPursuant to Reserve Bank of India's (RBI's) Circular No. UBD.CO.BPD.PCB. CIR.NO.67/09.05.001/2013-14 dated 30 May, 2014, the Bank has created Deferred Tax Liability of Rs. 36,70,090/- on the Special Reserve (Infrastructure Asset Reserve) under section 36(1)(viii) of the Income-tax Act, 1961 in the financial year ended on 31.03.2015. During the year under consideration there is no change in the said liability created.

6.3. As per AS 22 there is no deferred tax liability to the bank. Bank is having deferred tax assets which bank has not accounted for as a conservative approach

(7) Gratuity LiabilityThe Bank has taken Group Gratuity Insurance with the Life Insurance Corporation of India, Bajaj Allianz Life Insurance Company ltd. and Aditya Birla Sun life Insurance Company ltd. for payment of Gratuity. For the year 2019-20 the Gratuity liability of the Bank works out Rs.16.81 crores, as per actuarial valuation of LIC against the balance in fund a/c of Rs.1.87 crores with LIC, Rs.1.86 crores with Bajaj Allianz Life Insurance Company ltd. and Rs.11.72 crores with Aditya Birla Sun life Insurance Company ltd. (Total fund Rs.15.46 Crores). Hence the provision of Rs.1.50 Crore has been made in current year.

(8) IR-OIROn NPA accounts, Bank is calculating interest receivables from respective borrowers and debiting it to interest receivables by creating the same to overdue interest reserve, whenever Bank gets recovery of interest the same is accounted in interest income and at that time overdue interest reserve and interest receivables are reduced by that amount. The recovery of interest in NPA accounts is very low, so the interest receivable and overdue interest reserve accumulated to Rs. 2,302.02 crores. This balance is related to unsettled NPA accounts including technical write off accounts. Which require logical solution.

42

A N N U A L R E P O R T 2 0 18-19



(II) Movement Of CRAR

(a) Total Risk-weighted Assets 275222.51 267488.23

(b) Capital to Risk Asset Ratio 17.54% 16.07%

(IV) ADVANCES TO SENSITIVE SECTOR A Advances against real Estate, construction Housing 28675.53 31595.79(13.41%)

B Housing Loan 37856.26(15.35%)

(11.63%)

28496.53(12.09%)

(V) ADVANCE AGAINST SHARES & DEBENTURES. 307.68 0.12%) (VI) Advance to Director's / their Relatives, Comp. / Firms in

which they are interested(A) Fund Based 85.35 329.65(0.14%)

No. of Director’s/relatives availing facility 11 6(B) Non Fund Based (Guarantees, L/C, etc) 0.00 0 . 00 % Related to Gross Advances 0.00% 0.00%

( 286.09(0.12%)

(0.03%)

ADDITIONAL DISCLOSURE

PARTICULARS 31-03-2019 31-03-2018

(I) Capital To Risk Assets Ratio (CRAR) (Rs. In Lacs)

(a) Tier I Capital 31442.45

(b) Tier II Capital 11466.66 11534.85

(c) Total (a + b) 48256.19 42977.30

36789.53

(VII) Cost of Deposits : AVG. COST OF DEPOSIT 6.36% 6.69%

(VIII) NON PERFORMING ASSETSA Gross NPAs 15006.13 15515.72(6.58%)B Net NPAs 3522.64 4083.98(1.82%)

(6.09%)(1.50%)

(III) InvestmentsA Face Value 129029.26 117610.66B Book Value 130919.90 121352.17C Market Value 128452.92 118831.69

Opening balance

Additions during the year 2018-19

Reductions during the year

Closing balance

Total provisions held

Issuer Composition of Non SLR Investments. Amount Extent of‘Below Inve.Grade Sec’.

Extent of‘Unrated

Securities’

Extent of‘Unlisted

Securities’

1 PSUs2 Fls3 Public Sector Banks4 Mutual Fund5 Others6 Provision held towards Depreciation

6300.71516.60

0.006000.006201.47

2.51

Non performing Non- SLR Investments Amount

0.00

2.51

0.00

2.51

2.51

NILNILNILNILNILNIL

NILNILNILNILNILNIL

NILNILNILNILNILNIL

Amount

NIL

NIL

NIL

NIL

NIL

43

A N N U A L R E P O R T 2 0 18-19



(IX) MOVEMENT IN NPAsA Opening Balance 15515.72 15261.79+ Addition: During the year 10766.38 6014.96- Deduction during the year 11275.97 5761.03

Closing Balance 15006.13Less : provision made 11483.49 11431.74

B Net NPAs 3522.64 4083.98Net NPAs % 1.50% 1.82%

(including Bad Debts written off)15515.72

(X) PROFITABILITY

A Interest Income as a percentage of Working Fund 8.40% 8.50%B Non Interest income as a % of Working Fund 0.92% 1.21% C Operating Profit as a % of Working Fund 2.41% 2.37%D Return on Assets 2.34% 2.36%E Business (Deposits + Advances) per Employee 699.78 Lacs 676.10 LacsF Profit per Employee 7.40 Lacs 6.78 Lacs

(XI) Provision Made TowardsNPAs 11483.49 11431.74Depriciation in Investments 26.47 227.22Standard Assets 933.06 839.00

(XII) Movement in Provisionsa) Towards NPAsA Opening Balance 11431.74 9926.07+ Add : Appropriation for the year 2017-18 1200.00 200.00+ Add : Provision from Gross Profit for the year 2018-19 2688.25 1305.67+ Add : Transfer from Investment Depreciation Reserve 300.00 0.00

- Less : Write -off NPAs 4684.70 0.00Closing Balance 11431.74

b) Towards Depreciation on investment Opening Balance 227.22 227.22

+ Add : Transfer from Investment Fluctuation Reserve 99.25 0.00

227.22

c) Towards Standard AssetsOpening Balance 839.00 767.90Add : Provision from Gross profit for the year 2018-19 94.06 71.10Closing Balance 933.06 839.00

(XIII) Foreign Currency Assets & Liab (If Applicable) Nil

+ Add : Transfer from Contingency Fund 548.20 0.00

11483.49

+ Add : Specific Provision of Shares of JDCC Bank 2.51 0.00- Less : GIC shares written off and specific provision of JDCC Bank 2.51 0.00- Less : Transfer to BDDR 300.00 0.00

Closing Balance 26.47

Nil

44

A N N U A L R E P O R T 2 0 18-19



(XVIl) Fixed Assets - Valuation / RevaluationNone of the Fixed Assets are revalued during the F.Y. 2018-19

(XVIIl) Income from Bankassurance Business

31-03-2019 31-03-2018

1. For selling life insurance policies 6.82 6.23

2. For selling non life insurance policies 37.45 31.88

3. For selling mutual fund products NIL

4. Others - Stamp Franking Business 13.96 11.70

5. ASBA Processing Income 22.83 20.56

Total 81.06 70.37

NIL

(XlX) Amount Transfer to DEAF

A Opening Balance of amount transferred to DEAF 1172.35 1092.21

+ Add : Amt. transferred to DEAF during the year 178.15 117.33

-. Less : Amt. reimbursed by DEAF towards claims 58.60 37.19

Closing balance of amount transferred to DEAF 1291.90 1172.35

(XV) Restructured AccountsHousing Loan SME Debt

RestructuringOthers

Std.

Adv. Restr

uctued

Number of BorrowersAmount OutstandingSacrifice (diminution in the fair value)

NILNILNIL

NILNILNIL

NILNILNIL

Sub-Std.

Adv. Restr

uctued


NILNILNIL

NILNILNIL

NILNILNIL

Doubtful

Adv. Restruc

tured


NILNILNIL

NILNILNIL

NILNILNIL

Total Number of BorrowersAmount OutstandingSacrifice (diminution in the fair value)

NILNILNIL

NILNILNIL

NILNILNIL

(XIV) DICGC Guarantee feesWe confirm having paid DICGC Guarantee Advance Insurance Premium Rs.2,08,40,176.00 on

29.05.2018 for the Half Year ending 30.09.2018 and Rs.2,16,01,999.50 on 26.11.2018 for the Half Year

ending 31.03.2019. Total premium paid Rs. 4,24,42,175.50. Premium has been paid @ 10 paise for the

year 2018-19 as per rules. Premium amount stated here does not include amount of GST paid on it.

Penalty Imposed by RBI Nil Nil( XV)

45

A N N U A L R E P O R T 2 0 18-19



PARTICULARS 31-03-2019 31-03-2018

Place

Date

:

:Rajkot

01-06-2019

CASH FLOW STATEMENT FOR THE YEAR ENDED 31st MARCH 2019 (Rs. in Lakhs)

For , H.J.P. & CO.


FRN : 113456W

VIREN L. KOTHARI

M. No. 046949

Partner

For , D.V. SHAH & Associates


FRN : 109551W


Partner

M. No. 034294

CASH FLOW FROM OPERATING ACTIVITES

INTEREST & COMMISSION RECEIPTSINTEREST PAYMENTSPAYMENT TO EMPLOYEES & OTHERSOTHER RECEIPTSOTHER PAYMENTS

OPERATING PROFIT BEFORE CHANGES IN NET WORKING CAPITAL

CASH FLOW FROM CHANGES IN NET WORKING CAPITAL

(INCREASE) / DECREASE IN INVESTMENTS

(INCREASE) / DECREASE IN ADVANCES

(INCREASE) / DECREASE IN OTHER ASSETS

INCREASE / (DECREASE) IN DEPOSITS

INCREASE / (DECREASE) IN OTHER LIABILITIES

NET CASH GENERATED FROM OPERATING ACTIVITIES BEFORE TAX

INCOME TAX REFUND

INCOME TAX PAID

NET CASH GENERATED FROM OPERATING ACTIVITIES AFTER TAX

CASH FLOW FROM INVESTING ACTIVITIES

PURCHASE OF FIXED ASSETS

SALE PROCEEDS OF FIXED ASSETS

INTEREST RECEIVED

PROFIT ON SALE OF INVESTMENTS

DIVIDEND RECEIVED

CASH FLOW FROM FINANCING ACTIVITIES

INCREASE / (DECREASE) IN SHARE CAPITAL

INCREASE / (DECREASE) IN RESERVES

INCREASE / (DECREASE) IN BORROWINGS

DIVIDEND PAID

NET INCREASE IN CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR

CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR

CASH AND CASH EQUIVALENTS

CASH ON HAND

BALANCE WITH RBI

BALANCE WITH NATIONALISE BANK

BALANCE WITH STATE CO - OP BANK

BALANCE WITH DISTRICT CO - OP BANK

BALANCE WITH OTHER BANK

MONEY AT CALL & SHORT NOTICE

(4,035.79)

4,248.10

212.31

-

(2,556.16)

(2,343.85)

15,512.12

(4,960.17)

8,208.10

45,767.70

53,975.79

3,420.96

16,821.00

30.26

0.96

24.20

178.41

33,500.00

53,975.79

(3,034.40)

(20,420.94)

(23,455.34)

1,509.59

(2,796.38)

(24,742.13)

15,521.88

36,470.59

(8,284.95)

(17,505.20)

53,975.79

36,470.59

2,936.99

18,894.52

21.05

23.02

1.59

593.42

14,000.00

36,021.27

(12,640.43)

(456.81)

(21,519.33)

2,843.40

(885.19)

969.44

13,685.88

1,723.39

18.60

(1,407.04)

(1,774.47)

(197.68)

(1,580.98)

(28,872.74)

(10,917.22)

(151.26)

21,580.50

(2,060.22)

(194.80)

383.65

14,028.72

1,285.71

18.60

(625.82)

(6,451.87)

(195.34)

(1,011.92)

27,798.06(26,817.49)(3,473.44)

2,134.59(2,676.12)

27,825.58(28,014.55)(3,321.51)

2,264.90(2,790.21)

As per our report of even date

46

A N N U A L R E P O R T 2 0 18-19


MANAGEMENT Ar^L$pfuNZ

Shri T.C. VyasAGM. Officiating

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îu L¡$.Apf. Np¡kpB

Shri K.R. GosaiChief Manager

Shri J.K. ChhatparChief Manager

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Chief ManagerShri B.P. Rajdev

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Shri P.A. Rathod

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Deputy Chief Manager

Shri A.G. ChauguleDeputy Chief Manager

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îu A¡.Æ. Qp¥Nyg¡

Dr. H.N.Shukla Deputy Chief Manager


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Shri A.J. MehtaDeputy Chief Manager

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Shri H.M. RachhDeputy Chief Manager

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Shri A.B. VyasDeputy Chief Manager

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Deputy Chief ManagerShri J.B. Dave

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Shri Y.J. Raveshiya

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Deputy Chief Manager

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Shri B.S. Kapadia

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Shri D.P. TankDeputy Chief Manager

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Shri D.V. ShethDeputy Chief Manager

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Shri S. G. DoshiDeputy Chief Manager

X¡$àeyV$u Qua d¡_¡S>f (Ap¡X$uV$)

Shri H.T. PathakDeputy Chief Manager

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Shri R.B. GanatraDeputy Chief Manager

X¡$àeyV$u Qua d¡_¡S>f (fuL$hfu)

Shri L.K. JoshiDeputy Chief Manager

îu A¡g.L¡$. Å¡juX¡$àeyV$u Qua d¡_¡S>f (b°p„QuT)

Shri M.J. JaniDeputy Chief Manager

îu A¡d.S>¡. Å“uX¡$àeyV$u Qua d¡_¡S>f (k¡ÞV²$gpBTX$ b¢L$]N)

Shri P.D. Bhatt Shri D.K. More Shri H.K. Dhebar Shri P.R. VasaniDeputy Chief Manager Deputy Chief Manager Deputy Chief Manager Deputy Chief Manager

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Shri R.K. Kakkad Shri R.A. Gadhavi Shri M.R. ThoriyaShri D.D. UpadhyayDeputy Chief Manager Deputy Chief Manager Deputy Chief Manager Deputy Chief Manager

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Shri D.C. ChhatbarShri A.P. NanavatiDeputy Chief ManagerDeputy Chief Manager

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47

Shri V.K. SharmaChief Executive Officer

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Shri G.P. Bhut

Apku. S>_fg d¡_¡S>f (b¢L$uN)

Asst. Gen. Manager

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Shri R.S. Raichura

Apku. S>_fg d¡_¡S>f (gp¡“)îu Apf.A¡k. fpeQyfpAsst. Gen. Manager

Shri K.S. SanganiAsst. Gen. Manager

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Asst. Gen. ManagerShri V.K. Ambalia

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Shri Tejas C. Vyas

Qua d¡_¡S>f (b¢qL$N)

Chief Manager

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Shri M.D. ShahChief Manager

Qua d¡_¡S>f (V²¡$Tfu)îu A¡d.X$u. ipl

Qua d¡_¡S>f (gp¡“)

Chief Manager

Shri P.N. Ruparelia

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Shri N.H. Tank Chief Manager

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Shri M.V. ShethAsst. Gen. Manager

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Shri Y.D. Gandhi

îu hpe.X$u. Np„û Chief Financial Officer

Qua apC_pÞkueg Ap¡qakf

A N N U A L R E P O R T 2 0 18-19


48

Sr.No.

Head OfficeRajkot

dy¿e L$Q¡fufpS>L$p¡V$

ap¡_ _:2555551,52,53,54,55

a¡L$k:0281-2555789

Shir V.K. ShrmaChief Executive Officer

Branches ipMpAp¡ Branch Head ipMp A^uL$pfu ap¡_ _„bf

22062518. Upleta D`g¡V$p Shri J.R. Aghara îu S>¡.Apf. A^pfp

22079417. Dhoraji ^p¡fpÆ Shri D.N. Patadiya îu X$u.A¡“. ‘pV$X$uep

220294Jetpur S>¡s`yf Shri L.V. Nirmal îu A¡g.hu. r“d®g16.

220698Wankaner hp„L$p_¡f Shri A.D. Shah îu A¡.X$u. ipl15.

Demat Dept. X$ud¡V$ rhcpN Shri D.B. Zinzuvadiya îu X$u.bu. T]TyhpX$uep 2236916

14. Kotharia Road Branch L$p¡W pfuep fp¡X ipMp$ îu A¡“.A¡Q. h¥W pShri N.H. Vaitha 9429894131

9898033133Mobile dp¡bpBg Shri J.V. Shah îu S>¡.hu. ipl13.

2331160150 Feet Ring Road 150 qaV$ qf„N fp¡X$ Shri P.H. Harnava îu ‘u.A¡Q. lfZphp12.

2452635Raiya Road f¥ep fp¡X$ Shri P.K. Agheda îu ‘u.L¡$. A^¡X$p11.

2231740Bhupendra Road c|`¡ÞÖ fp¡X$ Shri H.J. Khakhkhar îu A¡Q.S>¡. M¿Mf9.

2388093Mavdi Plot dhX$u àgp¡V$ Shri Y.M. Rana îu hpe.A¡d. fpZp8.

2241990Sorathiyawadi kp¡fW$uephpX$u Shri A.B. Vachhani îu A¡.bu. hpR>pZu7.

2465589Dr. Yagnik Road X$pµ. eproL$ fp¡X$6.

2457475Bedipara b¡X$u`fp

Shri M.P. Jobanputra îu A¡d.‘u. Å¡b“‘yÓp

5.

2444377Junction Plot S>„L$i“ àgp¡V$ Shri D.M. Bhambhani îu X$u.A¡d. c„cpZu4.

2234571S.V.P. Road-Kevdawadi A¡k.hu.`u. fp¡X$-L¡$hX$phpX$u Shri H.M. Zaveri îu A¡Q.A¡d. Th¡fu3.

2234551Udyognagar Share Section DÛp¡N_Nf i¡f rhcpN Shri K.R. Jadeja îu L¡$.Apf. ÅX¡$Å

2231103Udyognagar Banking DÛp¡N_Nf b¡qL„$N Shri M.R. Trambadla îu A¡d.Apf. Óp„bX$uep2.

2571155Shri C.B. KotakKalawad Road L$pgphX$ fp¡X$10. îu ku.bu. L$p¡V$L$

2233916-17Para Bazar `fpbÅf Shri S.B. Lunagariya1.

îu hu.L¡$ idp®

Qua A¡L$TuL$eyV$uh Ap¡qakf

îu A¡k.bu. gyZpNfuep

Shri N.M. Antani îu A¡“.A¡d. A„spZu

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Branches ipMpAp¡ Branch Head ipMp AûL$pfu ap¡_ _„bf

25. 2354303Surat kyfs Shri Y.S. Shaiwale îu hpB.A¡k. ipBhpg¡

22563324. Surendranagar kyf¡ÞÖ“Nf Shri S.A. Kabar îu A¡k.A¡. L$bf

25579323. Bhuj c|S> Shri H.C. Joshi îu A¡Q.ku. Å¡ju

2644120522. Ahmedabad Adv$phpv$

22020321. Jasdan S>kv$Z Shri K.D. Zala îu L¡$.X$u. Tpgp

23330620. Padadhari `X$^fu Shri M.H. Vadar îu A¡d.A¡Q. hv$f

262164527. M.G. Road - Junagadh A¡d.Æ. fp¡X - Sy>_pNY$$ Shri A.H. Jat îu A¡.A¡Q. ÅV$

22158319. Morbi dp¡fbu Shri M.B. Bhatt îu A¡d.bu. cË

26. Kalbadevi Road, Mumbai L$pgbpv$¡hu fp¡X$- dy„bB Shri P.A. Tripathi îu ‘u.A¡. Óu‘pW u 66355897

Bhavnagar Branch cph“Nf ipMp38. 2210500

Nagpur “pN‘yf Shri P.R. Mulye îu ‘u.Apf. dyëe¡37. 22733401

36. 28830416Malad, Mumbai dgpX$-dy„bB Shri N.A. Desai îu A¡“.A¡. v$¡ipB

35. 2575233Varachha Road-Surat hfpR>p fp¡X$ ipMp-kyfs Shri H.N. Patel îu A¡Q.A¡“. ‘V¡$g

34. 23211810Gandhinagar Np„û“Nf Shri R.D. Shah îu Apf.X$u. ipl

33. Bapunagar bp‘y“Nf

Shri V.S. Patel îu hu.A¡k. ‘V¡$g

22201275

32. Ghatkopar, Mumbai ^pV$L$p¡‘f-dy„bB Shri A.D Shah

Shri V.A. Barahate

îu A¡.X$u. ipl

îu hu.A¡. bpfplV¡$

25080280

232497131. Vadodara hX$p¡v$fp Shri H.C. Manjariya îu A¡Q.ku. dp„S>fuep

26155630. Halvad lmhv$ Shri V.M. Dodiya îu hu.A¡d. X$p¡X$uep

29. 2665307Jamnagar Åd_Nf Shri G.B. Vajani îu Æ.bu. hÅZu

28. Gandhidham Np„û^pd Shri N.C. Radadiya îu A¡“.ku. fpv$X$uep 230612

Sr.No.

Head OfficeRajkot

dy¿e L$Q¡fufpS>L$p¡V$

îu bu.S>¡. V$p„L$Shri B.J. Tank

Shir V.K. ShrmaChief Executive Officer

îu hu.L¡$ idp®

Qua A¡L$TuL$eyV$uh Ap¡qakf

ap¡_ _:2555551,52,53,54,55

a¡L$k:0281-2555789

A N N U A L R E P O R T 2 0 18-19


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A N N U A L R E P O R T 2 0 18-19


To encourage water conoservation, Bank had held slogan contest. The winners of the contest were honoured by Banchhanidhi Pani(the commissioner, Rajkot Municipal Corporation) and Prof. Ashish Shukla (Sahkaryavah, R.S.S., Rajkot Mahanagar)

S>mk„Qe Arcep“ A„sN®s b¢L$ Üpfp ep¡Åe¡g õgp¡N“ õ‘^p®“p„ rhS>¡spAp¡“¡ fpS>L$p¡V$ dlp“Nf‘prgL$p“p L$rdi“f b„R>pr“r^ ‘p“u,âp¡. Aprij iyL$g (klL$pe®hpl-fpS>L$p¡V$ dlp“Nf-fpóV²$ue õh„ek¡hL$ k„O) Üpfp kÞdpr“s L$fpep.

To inculcate and encourage good reading habits in the society, the bank has been orgnising Book Talks every month. Salim Somani Dr. Naresh Ved, Jay Vasavda, Abhimanu Modi, Darshanaben Dholakia, Balvantbhai Jani, V. S. Gadhvi, Jignesh Adhyaru,

Vinod Joshi, Madhu Rye, Manoj Shukla and Tanvi Gadoya have delivered detailed talks on famous books so far.

kdpS>dp„ î¡óW hp„Q““u Apv$s“¡ âp¡Ðkpl“ Ap‘hp Qpgsu âh©qÑ hp„Q“ ‘fb“p rhrh^ dZL$pAp¡dp„ kgud kp¡dpZu,“f¡i h¡v$, S>e hkphX$p,ArcdÞey dp¡v$u, v$i®“pb¡“ ^p¡mqL$ep, bmh„scpB Å“u, hu. A¡k. NY$hu, Æo¡i AÂepê,

rh“p¡v$ Å¡iu, d^y fpe, d“p¡S> iyL$g, sÞhu Npv$p¡epA¡ rh¿eps ‘yõsL$p¡“u cphepÓp L$fphu.

52

A N N U A L R E P O R T 2 0 18-19


fpS>L$p¡V$ dlp“Nf‘prgL$p“p d¡ef rb“pb¡“ ApQpe®, A¡“kuX$uku-“hu qv$ëlu“p d¡“¡rS>„N qX$f¡L$V$f k„v$u‘ Ly$dpf “peL$

A“¡ rhrh^ klL$pfu ApN¡hp“p¡“u D‘[õ’sdp„ ‘qL$kp“ drlgp qv$“’“u fpóV²$ue DS>hZu.

Kisan Mahila Day celebration in the presence of Binaben Acharya (Mayor-Rajkot Municipal Corporation)Sundeep Kumar Nayak (Managing Director, NCDC, New Delhi) and various co-operative leaders.

kcpkv$p¡“p„ k„sp“p¡“¡ i¥nrZL$ ‘yfõL$pf rhsfZEducational Awards to the Kids of the Shareholders.

kcpkv$p¡“p„ k„sp“p¡“¡i¥nrZL$ õL$p¡gfiu‘ A¡“pes.

Scholarships awarded tothe Bright children of the

shareholders.

53

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b¢L$“p 66dp„ õ’p‘“p qv$“¡ ep¡Åe¡g f„Npf„N L$pe®¾$dp¡“u d“p¡fçe TgL$Glimpses of various programmes to commemorate 66th Foundation Day of the Bank.

54

A N N U A L R E P O R T 2 0 18-19

Cusomer’s Meet of Various Branches at Head Office / Branch

rhrh^ ipMpAp¡dp„ kdep„sf¡ ep¡Åe¡g N°plL$ rdg“ kdpfp¡l“u skhuf.

55

A N N U A L R E P O R T 2 0 18-19


õh. îu S>Þdi„L$f A¡g. A„spZuApÛõ’p‘L$-d¡“¡Æ„N qX$f¡L$V$f

õh. îu L¡$ihgpg A¡. ‘pf¡M1953-1954

õh. îu X$p¸. A¡. ‘u. dl¡sp1954-1967

õh. îu âpZcpB A¡d. Å¡ju1967-1669

õh. îu Afthv$cpB Apf. dZuApf1969-1975, 1982-1983

îu hSy>cpB Apf. hpmp1975-1982, 1987-1990

õh. îu gpgÆcpB L¡$. fpS>v$¡h1983-1987, 1990-1992

õh. îu Q„ÖL$p„scpB S>¡. ‘phpNY$u1992-2002

îu S>ep¡suÞÖcpB A¡d. dl¡sp2002-2006, 2012-2015

îu L$ë‘L$cpB A¡. dZuApf2006-2012

îu “rg“cpB A¡Q. hkp2015 ’u .....

rhL$pkepÓp“p ‘’v$i®L$p¡Guides to the Path of Progress

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