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jkeÌkeÀce Keel³eele pecee keÀjlee ³esF&ue.

–

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iii

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veeWoCeerke=Àle keÀe³ee&ue³e

1

41st Annual Report

meb®eeuekeÀ ceb[U1. Þeer. efJe.De. JewMebHee³eve Sced.ìskeÀ(He´e@[keÌMeve),®eeì&[& FbefpeefveDej DeO³e#e

mene.

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7. Þeer. ce.Oe. Keglee[ss meb®eeuekeÀ

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13. Þeer. meg.ce.ce³eskeÀj yeer.keÀe@ced., meer.S.Dee³ed.Dee³ed.yeer. mejJ³eJemLeeHekeÀ

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15. Þeer. J³eb.®eb.cegodiesjerkeÀj yeer.F&.(ceske@ÀefvekeÀue),Heer.peer.[er.Sced.,meer.Dee³ed.

Smed.S,meer.Dee³ed.S, mene.mejJ³eJemLeeHekeÀ

yeBkesÀ®es Jeefj<þ DeefOekeÀejer

ISO 27000 LA

Àe@ced.,Sued.Sued.yeer.,

JewOeeefvekeÀ uesKee Hejer#ekeÀpeesMeer Je keÀjboerkeÀj

®eeì&[& DekeÀeGvìbìmed

veeWoCeerke=Àle keÀe³ee&ue³eìerpesSmedyeer neTme, Huee@ì veb.5-yeer, jes[ ke´À.2, JeeieUs Fmìsì,

þeCes -400 604

25878500 25878650otjOJeveer He@ÀkeÌme -–

www.tjsb.co.in response@tjsb.co.inWebsite : E-mail :

2

41 Jee Jeeef<e&keÀ DenJeeue

TJSB Sahakari Bank Ltd.(Multi-State Scheduled Bank)

(Reg.No.MSCS/CR/287/2008 Date: 23/10/2008)

NOTICE OF ANNUAL GENERAL MEETING

41 Annual General Meeting of the Bank will be held on Sunday, 20th May 2012 at 10.00 A.M. at Tip Top Plaza, L.B.S.

Road, Wagle Estate, Thane – 400604 to transact the following business. Members are requested to attend the

meeting on time.

st

1. To read and confirm the minutes of the Annual General Meeting held on 05th June 2011.

2. To approve the Annual Report placed by the Board of Directors for the Financial Year ended 31st March 2012,

Balance Sheet and Profit & Loss Account, appropriation of profit and take a note of Statutory Auditor's report.

3. To write off the bad and doubtful loan accounts, certified by the Statutory Auditors.

4. To appoint Statutory Auditors for the Financial Year 2012-13 and to authorize Board of Directors to fix their

remuneration. The Board of Directors recommends M/s. Joshi & Karandikar, Chartered Accountants,

401,Guruprasad, Opp. Garden Nursery, B. Patil Road, Near Charai Cross, Thane (W) – 400601 for

appointment as Statutory Auditors.

5. To approve the proposal of distribution of donations out of charitable fund of the Bank, to Charitable/Social

Institutions.

6. To grant leave of absence to those members of the Bank who have not attended this Annual General Meeting.

7. Any other matter with the permission of the Chair.

AGENDA

Important Notice to the Members

1. Members who wish to have any additional information or those who wish to make any suggestions should submit

their request in writing at the Registered Office of the Bank on of before 10th May 2012 during office hours.

2. Those members who will not collect their dividend for the year ended March 2009 on or before 10th July 2012,

such dividend will be forfeited and transferred to statutory reserve of the bank as per Bye-law No. 42(iii). Those

members who have not received the dividend warrants are requested to collect the same from Deendayal Bhavan

Office of the Bank at Jambhali Naka, Thane 400601.

3. Any change in Name, Address or Nomination of the member should be intimated immediately to the Bank at Share

Dept., Deendayal Bhavan office in writing.

4. Please enquire at Deendayal Bhavan office for non-receipt of Share Certificate.

5. Dividend will be transferred to respective saving or other account of the Members or on written request submitted

to Deendayal Bhavan office of the bank.

Note : If within half an hour after the time appointed for the meeting, the quorum is not formed, the meeting would stand

adjourned and this adjourned meeting shall be held at 10.40 am on the same day and same place. This adjourned meeting will

not require any separate notice or quorum.

Registered Office :

TJSB Sahakari Bank Ltd.TJSB House, Plot No. 5B, Road No.2,Wagle Estate, Thane (West) 400 604

Date: 03/05/2012

By Order of the Board of Directors

Shri. S. R. UtekarChief Executive Officer

3

41st Annual Report

1. SHRI V.A. VAISHAMPAYAN M.TECH (PRODUCTION) CHAIRMAN

CHARTERED ENGINEER

2. SHRI B.V. DATE B.Sc., DIPLOMA TECH (PAINTS) VICE-CHAIRMAN

3. MRS. A.R. APTE B.Sc., LLB DIRECTOR

4. SHRI R.K. AGARWAL B.Sc. DIRECTOR

5. MRS. P.B. IYER B.Com., ACA DIRECTOR

6. SHRI R.K. KANANI Diploma in Mechanical Engineering DIRECTOR

7. SHRI M.D. KHUTADE DIRECTOR

8. SHRI N.D. MANDGE M.Sc., DHE DIRECTOR

9. SHRI C.N. MENON B.A., BGL DIRECTOR

10. SHRI V.M. PATKI M.Com., LLB, AICWA, FCA DIRECTOR

11. SHRI P.D. THAKUR B.Com., LLB DIRECTOR

12. SHRI VINODKUMAR BANSAL FCA CO-OPTED DIRECTOR

13. SHRI S.R. UTEKAR B.Com., LLB, CAIIB-I CHIEF EXECUTIVE OFFICER

BOARD OF DIRECTORS

1. Shri S.P. Sathe B.Com., CAIIB,ICWA, CS GENERAL MANAGER

2. Shri S.B. Nagwekar M.Com., DBM, CS GENERAL MANAGER

3. Shri S.V. Pathak B.Com., CAIIB,BGL, CFA-Inter DY. GENERAL MANAGER

4. Shri V.R. Namjoshi B.Com., CAIIB DY.GENERAL MANAGER

5. Shri S.V.Mhaskar M.Com., LLB,CAIIB DY. GENERAL MANAGER

6. Shri S.H. Koranne B.Com., LLB, CAIIB DY. GENERAL MANAGER

7. Shri S.B. Purohit B.Com., CAIIB, DTIRM DY. GENERAL MANAGER

8. Shri G.A. Gangal B.Com., JAIIB DY. GENERAL MANAGER

9. Shri N.N. Arekar B.Com., JAIIB DY. GENERAL MANAGER

10. Shri D.D. Velankar B.Com. ASST. GENERAL MANAGER

11. Shri H.N. Kulkarni B.Com. ASST. GENERAL MANAGER

12. Shri V.G. Navare B.Com., CAIIB ASST. GENERAL MANAGER

13. Shri S.M. Mayekar B.Com., CAIIB ASST. GENERAL MANAGER

14. Shri S. L. Jambhale B.E.(IT) ASST. GENERAL MANAGER

15. Shri V. C. Mudgerikar B.E. (MECH.), PGDM, CISA, CIA, ASST. GENERAL MANAGER

ISO27000LA

SENIOR EXECUTIVES

Registered Office:

TJSB House, Plot No. B-5, Road No.2, Behind Aplab

Ltd., Wagle Industrial Estate, Thane (W) 400 604

– 25878500 - 25878650Phone Fax

Statutory Auditors

Joshi & Karandikar

Chartered Accountatnts

Website: E-mail:www.tjsb.co.in response@tjsb.co.in

4

41 Jee Jeeef<e&keÀ DenJeeue

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meve 2011-12 ®³ee Heefnu³ee meneceenerle 10 Je<e& cegoleer®³ee mejkeÀejer jesK³eeb®ee

HejleeJee oj He´ceeCeele jeefnuee. Hejbleg Dee@keÌìesyej 2011 ceO³es Jee{uesu³ee mejkeÀejer

keÀpee&cegUs J³eepeojeleerue Jee{ercegUs Je jesKelesJej Deeuesu³ee leeCeecegUs ns He´ceeCe Jee{ues.

Hejbleg, cee®e& 2012 ceO³es ne oj peemle Jee{uee, keÀejCe meve 2012-13 ceO³es mejkeÀejer

keÀpee&®es He´ceeCe Jee{les jneC³ee®eer Meke̳elee efvecee&Ce Peeueer. 10 Je<e& cegoleer®³ee mejkeÀejer

jesK³eeb®ee HejleeJee oj 25 SefHe´ue 2012jespeer 8.62 FlekeÀe Peeuee, pees cee®e&

2012 ceO³es 8.57 lej cee®e& 2011 ceO³es 7.97 FlekeÀe neslee.

meve 2010 ceO³es Demeuesues {esyeU GlHevvee®³ee 3.3 ³ee He´ceeCeele Demeuesues ®eeuet

Keel³eeJejerue legìer®es He´ceeCe SefHe´ue les ef[meWyej ³ee keÀeueeJeOeerle 4 He³e¥le Jee{ues.

ieleJe<eea®³ee leguevesle ns He´ceeCe Jee{C³ee®es keÀejCe Jee{uesueer J³eeHeejeleerue letì Je keÀceer

Peeuesues Yeeb[Jeueer iegbleJeCegkeÀer®es He´ceeCe.

meve 2008-09 Heemetve keWÀê Meemevee®es efJelleer³e legìer®es He´ceeCe meelel³eeves Jee{le Deens, pes

meve 2011-12 ceO³es ue#eCeer³eefjl³ee peemle jeefnues Deens. keWÀêer³e DeLe&mebkeÀuHeele ns

He´ceeCe keÀceer jeKeC³eeJej Yej Demeuee lejer les ®e{s jneC³ee®eer®e Meke̳elee Deens. meve

2012-13 ®³ee DeLe&mebkeÀuHeele peenerj kesÀu³eeHe´ceeCes mejkeÀejer meJeueleer keÀceer

keÀjC³ee®³ee mejkeÀej®³ee OeesjCee®eer ³eesi³e DebceueyepeeJeCeer ³eeceO³es cenlJee®eer þjCeej Deens,

p³ee®ee HejerCeece Deefve³eespeerle mejkeÀejer Ke®ee&Jej nesT MekeÀlees. lesue kebÀHev³eebvee ³esCee-³ee

legìerleerue mejkeÀejer menYeeie meO³ee®³ee Deeblejje<ì^er³e mlejeJejerue Jee{Cee-³ee efkebÀceleer®es

%

%

% %

%

%

%

%

%

%

%

%

%

% %

%

%

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41 Jee Jeeef<e&keÀ DenJeeue - 2011-12

5

He´ceeCe Henelee keÀceer He[C³ee®eer Meke̳elee Deens. keÀesCel³eener He´keÀej®eer Jee{uesueer efJelleer³e letì

®eueveJee{erJej Je mejkeÀejer keÀpee&Jej Lesì HejerCeece keÀjÀ MekeÀles. ieleJe<eea®³ee 4.4 ueeKe

keÀesìer Fleke̳ee mejkeÀejer keÀpee&®es He´ceeCe meve 2012-13 ®³ee DeLe&mebkeÀuHeevegmeej 4.8

ueeKe keÀesìer FlekesÀ Jee{C³ee®eer Meke̳elee Deens.

³ee HeeMJe&YetceerJej efjPeJe& yeBkesÀves DeeHeu³ee efJelleer³e OeesjCeele J³eepeoje®eer HeeleUer jeKeCes,

Jee{er®ee oj keÀe³ece jeKeCes, Jee{l³ee ceeieCeercegUs nesCeeje ®eueve HegÀieJeìe Je yeepeejeleerue

jesKeles®es He´ceeCe ³eesi³e jeKeCes DeMee efJeefJeOe GefÎ<ìebveer Keeueerue Ghee³e ³eespevee peenerj

kesÀu³ee Deensle.

jsHees jsì 8.5 JejÀve 8 , lej efjPeJe& jsHees jsì 7 kesÀuee Deens

efjPeJe&& yeBkesÀkeÀ[tve Iesleu³ee peeCee-³ee keÀpee&®ee J³eepe oj 9 FlekeÀe þsJeuee Deens.

³eesi³e leer jesKelee jeKeC³eemeeþer Jejerue keÀpee&®³ee ce³ee&oe®es He´ceeCe SketÀCe þsJeer®³ee

2 FlekesÀ Jee{efJeues Deens.

iesu³ee DeeefLe&keÀ Je<ee&le yeBkesÀves J³eJemee³ee®es DeveskeÀ ìHHes Heej kesÀues Demetve meJe&®e #es$eele

GuuesKeveer³e keÀeceefiejer kesÀueer Deens ns veceto keÀjC³eeme efJeMes<e Deevebo nesle Deens. iesu³ee

DeeefLe&keÀ Je<ee&le yeBkesÀves 6975 keÀesìeR®ee J³eJemee³ee®ee ìHHee Heej kesÀuee Deens, lej ye®ele

DeeefCe ®eeuet Keel³ee®ee J³eJenej 1150 keÀesìeRHes#ee peemle Deens Je ³ee®e keÀeueeJeOeerceO³es

efveJJeU veHeÀe 60.09 keÀesìer FlekeÀe Peeuee Deens.

J³eJemee³ee®³ee ³ee mlejebvee ieeþleevee J³eepeojeleerue efveJJeU veHe̳ee®es He´ceeCe 3.49

FlekesÀ jeKeues Deens.

mHeOee&lcekeÀ HeefjefmLeleerlener yeBkesÀ®³ee þsJeer 25 ntve Jee{tve 4,344.97 keÀesìer

Fleke̳ee Peeu³ee Deensle. SketÀCe þsJeeR®eer ye®ele Je ®eeuet Keel³eeleerue þsJeeR®es He´ceeCe

27.12 FlekesÀ 31.03.2012 jespeer Deens. þsJeeRJejerue mejemejer J³eepe oje®es

He´ceeCe 7.09 FlekesÀ Jee{ues Deens.

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`

efjPeJe&& yeBkesÀves peenerj kesÀuesu³ee DeeefLe&keÀ Ghee³e ³eespeveeb®eer cegK³e JewefMe<ì³esKeeueerueHe´ceeCes ë

meve 2011-12 ceOeerue yeBkesÀ®³ee J³eJeneje®eer þUkeÀ JewefMe<ì³es ë

J³eeJemeeef³ekeÀ ceeHeob[eb®ee legueveelcekeÀ Dee{eJee ë

þsJeer ë

�

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% % %

%

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keÀpex

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ë

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Peeuee Deens. keÀpe& DeeefCe þsJeeR®es He´ceeCe 60.76 FlekesÀ Peeues Deens. keÀpee&®ee leHeMeerue

KeeueerueHe´ceeCes ë

DeeefLe&keÀ Je<ee&®³ee megjÀJeeleeruee keÀpe& ceeieCeer keÀceer Demeu³eecegUs keÀpe& DeeefCe þsJeeR®es He´ceeCe

Jee{efJeCes DeeJneveelcekeÀ nesles. iesu³eeJe<eea meb®eeuekeÀ ceb[Ueves keÀener OeesjCeelcekeÀ efveCe&³e

IesTve keÀpe& efJelejCeele megmeg$elee DeeCeC³ee®ee He´³elve kesÀuee Deens, p³eecegUs keÀpee&®ee opee&

keÀe³ece jeKeCes Meke̳e Peeues Deens.

DenJeeue meeueer yeBkesÀ®³ee {esyeU DeveglHeeefole keÀpee¥®es He´ceeCe 2.63 FlekesÀ Keeueer Deeues

Deens pes ³ee OeesjCee®ee®e HejerCeece Deens.

DenJeeue meeueer efjPeJe& yeBkesÀves þjJetve efouesu³ee He´ceeCeele yeBkesÀves jesKelee Je iegbleJeCetkeÀ ³eeb®es

³eesi³e He´ceeCe jeKeues Demetve vee@ve Smed.Sued.Deej. iegbleJeCegkeÀer efjPeJe& yeBkesÀves þjJetve efouesu³ee

ce³ee&osle Deensle. ³ee iegbleJeCegkeÀer þjJetve efouesu³ee HeleceeveebkeÀveeHe´ceeCes®e Deensle.

efjPeJe& yeBkesÀ®³ee OeesjCeebvee DevegmejÀve yeBkesÀves meJe&meceeJesMekeÀ iegbleJeCetkeÀ OeesjCe lemes®e

Yeeb[Jeue Je ³esCeer J³eJemLeeHevee®es OeesjCe DeeKeues Deens.

efjPeJe& yeBkesÀ®³ee ceeie&oMe&keÀ lelJeevegmeej Del³eeOegefvekeÀ leb$ee®ee JeeHej keÀjÀve iegbleJeCegkeÀer®³ee

meJe& He³ee¥³eeb®ee ³eLeesef®ele JeeHej yeBkeÀ keÀjle Deens. lemes®e efjPeJe&& yeBkesÀ®³ee OeesjCeevegmeej

iegbleJeCegkeÀer®³ee meJe& J³eJenejeb®es efleceener uesKeeHejer#eCe Debleie&le efnMesyeleHeemeveermeebkeÀ[tve

nesle Demeles.

31 cee®e& 2012 jespeer yeBkesÀ®eer mejemejer iegbleJeCetkeÀ ieleJe<eea®³ee 1823.36

keÀesìerJejÀve 2133.06 keÀesìer DeMeer Peeueer Deens. ner Jee{ 17 FlekeÀer Deens.

iesu³ee Je<ee&le J³eepeojeb®ee DeeuesKe ®e{lee Demetvener iegbleJeCegkeÀerJej nesCeejer mebYeeJ³e letì

%

%

%

%

`

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31.03.2011 31.03.20125463.45

3471.58

1991.87

89.66

49.58

428.98

3.42

15.64

%

%

0

6985.15

4344.97

2640.18

104.89

60.09

496.11

2.63

0

15.03

%

%

27.85%

%

%

%

%

%

%

%

25.16

32.55

16.99

21.20

15.65

(0.79 )

-

(0.61 )

{esyeU DeveglHeeefole keÀpex 68.12 3.42 69.53 2.63

efveJJeU DeveglHeeefole keÀpex 0 0

1991.87 2640.18

- -

SketÀCe keÀpex

2010-11 % 2011-12 %

6

leHeMeerue Jee{ / IeìSketÀCe Guee{eue

þsJeer

keÀpex

{esyeU veHeÀe

efveJJeU veHeÀe

mJeefveOeer

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efveJJeU DeveglHeeefole keÀpex

Hegbpeer He³ee&Hlelee

%

keÀpe& He´keÀejcegole

meermeer/Dees[er/Dee³eyeerHeer/Deesyeer[er

keÀpex

SketÀCe

2010-11 % 2011-12 %

1253.43

738.44

1991.87

62.93

37.07

100.00

1483.51

1156.67

2640.18

56.19

43.81

100.00

( ` )keÀesìeRceO³es

2010-11 % 2011-12 %

242.02

882.78

2346.78

3471.58

6.97

25.43

67.60

100.00

261.27

917.05

3166.65

4344.97

6.02

21.11

72.88

100.00

þsJeeR®ee He´keÀej®eeuet

ye®ele

cegole

SketÀCe

( ` )keÀesìeRceO³es

( ` )keÀesìeRceO³es

( ` )keÀesìeRceO³es

leHeMeerue

41st Annual Report

41 Jee Jeeef<e&keÀ DenJeeue

keÀceerle keÀceer þsJeC³eele yeBkesÀuee ³eMe Deeues Deens. J³eepeojeleerue ³ee DeefveefM®eleles®ee ³eesi³e

ueeYe GþJetve ye@kesÀves iegbleJeCegkeÀerJejerue HejleeJee oj ®eebieuee þsJeuee Deens. ³eecegUs þsJeeRJejerue

mejemejer J³eepeoj peemle Demetvener J³eepeojeleerue leHeÀeJeleer®ee oj ³eesi³e l³ee He´ceeCeele

jeKelee Deeuee Deens.

efjPeJe& yeBkesÀves efouesu³ee efJeosMe efJeefvece³e J³eJeneje®³ee HejJeeveieer veblej 19 peguew 2010

Heemetve yeBkesÀves cnCetve J³eJemee³e megjÀ kesÀuee Deens. ³ee Debleie&le yeBkeÀ

meJe&He´keÀej®³ee mesJee Heefnu³ee Je<ee&Heemetve®e HegjJele Deens.

DenJeeue meeueer yeBkesÀves SketÀCe 814.02 keÀesìeR®ee J³eJenej kesÀuee Deens. ³ee

keÀeueeJeOeerle yeBkesÀves 3.48 keÀesìeR®ee efveJJeU veHeÀe efceUJeuee Deens. DeeblejyeBkeÀ J³eJenej

³ee keÀeueeJeOeerle 1000 keÀesìer FlekeÀe Peeuee Deens. De ÞesCeer®³ee keWÀêeceOetve

DeeblejyeBkeÀ J³eJenej lemes®e Dee³eele efve³ee&le efJe<e³ekeÀ J³eJenej kesÀues peeleele. veeefMekeÀ,

DebOesjer, veewHee[e Je HegCes ³ee ye ÞesCeer®³ee keWÀêeceOetve meJe&He´keÀej®³ee Dee³eele efve³ee&leer®³ee

megefJeOee Keelesoejebvee yeBkeÀ HegjJele Deens. Heefnu³ee®e Je<ee&le ³ee meJe& keWÀêeveer DeefleMe³e

ue#eCeer³e keÀeceefiejer kesÀueer Deens. keÀ ÞesCeer®³ee SketÀCe 13 keWÀêebceOetve HejosMeer

®eueveefJe<e³ekeÀ J³eJenej kesÀues peeleele, p³ee®ee ueeYe efJeosMeer menueeruee peeCeejs Je

J³eJemeeef³ekeÀ efve³eceerleHeCes Iesle Deensle.

meO³ee yeBkeÀ DecesjerkeÀve [e@uej, ³egjes, HeeTb[, pe@Heefvepe ³esve, Dee@mìs^efue³eve [e@uej Je efmJeme

He´BÀkeÀ ³ee ®eueveeleerue J³eJenej keÀjle Deens Je l³eemeeþer HejosMeele Keeleer GIe[C³eele Deeueer

Deensle. mebHetCe& peieYejeleerue 60 Hes#ee peemleer yeBkeÀebMeer J³eJemeeef³ekeÀ mebyebOe yeBkesÀves

He´mLeeefHele kesÀues Deensle. DenJeeue meeueele yeBkesÀves Dee³eele HeleHe$e, yee³eme& kes´À[erì, HejkeÀer³e

®eueveele keÀpe& Je HejkeÀer³e ®eueveele efve³ee&le HeleHegjJeþe DeMee DeveskeÀ megefJeOee Keelesoejebvee

GHeueyOe keÀjÀve efou³ee Deensle. ³ee®e keÀeueeJeOeerceO³es yeBkesÀves 20 keÀesìeRHes#ee peemle

DeefveJeemeer Yeejleer³eeb®³ee þsJeer efceUJeu³ee Deensle.

veefpekeÀ®³ee keÀeUele De@efkeÌmeme yeBkesÀ®³ee menkeÀe³ee&ves HejkeÀer³e ®eueveeleerue

mesJee megjÀ keÀjC³ee®ee yeBkesÀ®ee efJe®eej Deens. lemes®e keÀener cenlJee®³ee GÐeesie keWÀêele

efJeosMe efJeefvece³e mesJee osC³ee®ee efJe®eej Deens.

leerJe´ mHeOee& Je keÀþerCe DeeefLe&keÀ JeeleeJejCeelener yeBkesÀves 60.09 keÀesìeR®ee efveJJeU

veHeÀe 2011-12 ceO³es efceUJeuee Deens. DenJeeue Je<ee&le yeBkesÀves 21.20 FlekeÀer

Jee{ efveJJeU veHe̳eele kesÀueer Deens.

Deeblejje<ì^er³e J³eJemee³e efJeYeeie ë

veHeÀe ë

Authorised Dealer

Prepaid Debit

Card

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%

%

ueeYeebMe ë

veHeÀe efJeYeeieCeer meve 2011-12 ë

efJemleej ë

ye´B[ ìerpesSmedyeer ë

YeeieOeejkeÀebvee ³eesi³e HejleeJee osle Demeleevee®e veHe̳ee®eer Hegve&iegbleJeCetkeÀ keÀjÀve Hegbpeer

He³ee&Hlelee He´ceeCe me#ece jeKeCes ns yeBkesÀ®es OeesjCe jeKeues Deens. l³eevegmeej meve 2011-12

ceO³es 15 ueeYeebMee®eer efMeHeÀejme keÀjleevee meb®eeuekeÀ ceb[Ueme Deevebo nesle Deens.

DeeleeHe³e¥le veHeÀe efJeYeeieCeer®eer Hetle&lee meJe&meeOeejCe meYes®³ee cebpegjerveblej Heg{erue DeeefLe&keÀ

Je<ee&le keÀjC³ee®eer yeBkesÀ®eer HeOole nesleer. ³ee efJeYeeieCeer®ee DebleYee&Je Heg{erue Je<ee&®³ee efnMesye

He$eele ceeb[uee peele Demes.

meYeemeoebvee jeKeerJe efveOeer DeeefCe Flej iebieepeUer ³eeb®es ³eesi³e Je mel³e cetu³eebkeÀve mecepeeJes

cnCetve yeBkesÀves ³ee HeOoleerle yeoue kesÀuee Deens. l³eevegmeej ³ee Je<eea®eer veHeÀe efJeYeeieCeer ³ee®e

Je<eea®³ee leeUsyeboele DebleYet&le kesÀueer Demetve l³eeme meYeemeoeb®eer cebpetjer DeHesef#ele Deens (meboYe&

He=<þ ke´À.22).

iesu³ee Je<eea efjPeJe& yeBkesÀves one veJeerve MeeKee GIe[C³ee®eer HejJeeveieer yeBkesÀuee efoueer nesleer,

l³eeJesUer lesje uee³emevme DeeHeu³ee neleele nesles. meve 2011-12 ³ee Je<ee&le yeBkesÀves SketÀCe

JesieJesieU³ee efþkeÀeCeer 11 MeeKee GIe[u³ee, l³eele oesve Deeblejjep³eer³e, ieesJee DeeefCe

yesUieebJe MeeKes®ee meceeJesMe Deens. jyeeUs ³esLeerue MeeKee ces 2012 uee megjÀ nesF&ue.

DeeHeu³ee yeBkesÀuee efjPeJe& yeBkesÀves YeefJe<³eele 18 MeeKee GIe[C³eemeeþer HejJeeveieer efoueer

Deens. l³eele yeesF&mej, þeCes, keÀu³eeCe, meesueeHetj, DekeÀesuee, HesCe, ef®eHeUtCe, yebieueesj, HeÀeW[e,

meebieueer, ce[ieebJe, metjle, Denceoeyeeo, yejes[e, kegÀ[gme, veeefMekeÀ, peeuevee Je ®eebefoJeueer

³eeb®ee meceeJesMe Deens.

ceeieerue Je<eea®³ee meJe&meeOeejCe meYesves cebpetj kesÀu³eeHe´ceeCes yeBkesÀ®es veebJe efo þeCes pevelee

menkeÀejer yeBkeÀ efue. ns yeouetve ìerpesSmedyeer menkeÀejer yeBkeÀ efue. Demes Peeues Deens. ³ee

meboYee&leerue keWÀêer³e menkeÀej Keeles Je efjPeJe&& yeBkeÀ Dee@HeÀ Fbef[³ee ³eeb®³ee ³eesi³e l³ee HejJeevei³ee

Iesleu³ee Deensle. ceneje<ì^eyeensj nesCee-³ee efJemleejele ³ee yeoueeves HeÀej ceesþer ceole nesCeej

Deens. lemes®e yeBkesÀ®³ee Deeblejje<ì^er³e mJeerke=Àleeruee ®eeuevee efceUCeej Deens.

ueb[ve ³esLes Peeuesu³ee efceHeÌìe meesnU³eele yeBkesÀves DeeHeu³ee veJeerve yeesOeef®evne®es DeveeJejCe

kesÀues. ³ee meesnU³eeceO³es yeBkesÀ®³ee Demeuesu³ee GHeefmLeleercegUs efJeosMe efJeefvece³e J³eJemee³ee®³ee

Jee{eruee ceole nesCeej Deens.

osMee®³ee je<ì^ieerleeuee 100 Je<es& HetCe& Peeu³eeyeÎue yeBkesÀves ’ osMe ceePee ceer osMee®ee “ ne

DeeieUe JesieUe keÀe³e&ke´Àce oeoespeer keÀeW[osJe mìsef[³ece ³esLes Dee³eesefpele kesÀuee neslee. meoj

%

7

2010-11

104.89

60.09

2011-1289.66

49.58

( keÀesìeRceO³es)

leHeMeerue

keÀj Je lejletoerHetJeea®ee veHeÀe

keÀj Je lejletoerveblej®ee veHeÀe

keÀe³e&ke´Àceele 50000 Hes#eener peemle ueeskeÀebveer menYeeieer nesTve He´®eb[ He´eflemeeo efouee. ³ee

ceO³esner 21000 Hes#ee peemle Meeues³e efJeÐeeL³ee¥®ee menYeeie ne GuuesKeveer³e þjuee. ³ee

SketÀCe mebK³es®ee efJe®eej keÀjlee ³ee GHeke´Àcee®eer veeWo efieefvepe yegkeÀele nesC³ee®³ee Meke̳eles®ee

HeeþHegjeJee nesle Deens.

DenJeeue Je<ee&le yeBkesÀves jep³eeyeensjerue DeeHeueer Heefnueer MeeKee cneHemee, ieesJee ³esLes Je

yesUieebbJe, keÀvee&ìkeÀ ³esLes ogmejer MeeKee GIe[ueer.

yeBkesÀ®eer He´eflecee peveceevemeele DeefOekeÀ He´ceeCeele jÀpeJeC³eemeeþer Je þmeJeC³eemeeþer

Jele&ceeveHe$es, ef®e$eJeeCeer Je HeefjJenve mesJesleerue yemesme DeMee ceeO³eceeb®ee peeCeerJeHetJe&keÀ JeeHej

yeBkeÀ keÀjle Deens.

yeBkesÀ®es YeefJe<³eeleerue MeeKee efJemleeje®es OeesjCe ue#eele Ieslee, peesKeerce J³eJemLeeHeve Je

mecee³eespeve yeBkesÀ®³ee ³eMeele Je DeeefLe&keÀ megj#esceO³es cenlJee®es þjCeej Deens.

efJeefJeOe peesKeceer mJeerkeÀejÀve J³eJemee³e keÀjCes ns yeBefkebÀie®es cegK³e meeOeve Demeles. ³eesi³e

peesKeerce J³eJemLeeHeve, peesKeerce Je HejleeJee ³eeb®ee mecevJe³e, yeBkesÀ®³ee ³eMeele cenlJeHetCe&

Demelees. J³eeJemeeef³ekeÀ GlHeeokeÀlee, peesKeceer®³ee leguevesle ³eesi³e DemeCes yeBefkebÀie

J³eJemee³ee®eer efoMee þjJeles. Flej DeveskeÀ peesKeceerbyejesyej keÀpe&efJelejCeeleerue peesKeerce,

yeepeejmebueive peesKeerce (jesKelee Je J³eepeoj peesKeerce) Je keÀe³ee&lcekeÀ peesKeerce yeBkesÀ®³ee

¢<ìerves efJe®eejele IesCes iejpes®es Deens. keÀpe&oejeb®³ee keÀe³e&kegÀMeueles®es ³eesi³e ceeveebkeÀve

keÀjC³eeJej yeBkesÀves Yej efouee Deens.

Hele Je peesKeerce mebueive J³eepeoje®eer DeekeÀejCeer keÀjCes ner yeBkesÀ®eer YeefJe<³eeleerue YetefcekeÀe

Deens. HeleceeveebkeÀvee®eer HeOole HeejoMeea Je keÀpe&oejeuee ³eesi³e l³ee megOeejCee keÀjC³eeme JeeJe

osCeejer Demeu³eeves, peemleerle peemle ie´enkeÀ l³ee®ee HeÀe³eoe IesT MekeÀleele.

keÀpe&efJelejCeele mHe<ìlee ³esC³eemeeþer yeBkesÀ®eer keÀpe&OeesjCes meggefveefM®ele Deensle.

keÀpe&cebpegjermeeþer efJeefJeOe meefcel³ee mLeeHeve keÀjÀve yeBkeÀ l³eeyeeyele®es efveCe&³e Iesles.

melele Jee{le peeCeejs J³eJeneje®es He´ceeCe, melele nesCeejs j®eveelcekeÀ yeoue Je leb$e%eeve, ³eeb®ee

efJe®eej keÀjlee keÀe³ee&lcekeÀ peesKeceer®es J³eJemLeeHeve DeeJneveelcekeÀ þjle Deens.

efjPeJe& yeBkesÀ®³ee OeesjCeevegmeej keÀecee®³ee Hetle&lesJej Yej osCes, yeBkeÀ cenlJee®es ceeveles.

J³eJemee³eJe=Ooer®³ee He´ceeCeele Gllece opee&®³ee peesKeerce J³eJemLeeHevee®es met$e yeBkesÀves

DebefiekeÀejues Deens. p³ee®es Hegve&jeJeueeskeÀve meb®eeuekeÀ ceb[U JesUesJesUer keÀjle Demeles.

efJeefJeOe He´keÀej®³ee keÀe³ee&lcekeÀ peesKeceeR®es J³eJemLeeHeve keÀjC³eemeeþer yeBkesÀves SkeÀ Debleie&le

keÀe³e&He´Ceeueer efveefM®ele kesÀueer Deens. ³ee He´Ceeueervegmeej peesKeerce MeesOeCes, l³eeb®es J³eJemLeeHeve

keÀjCes, Debleie&le keÀe³e&#ecelee megOeejCes Je Gllece He´leer®eer ie´enkeÀmesJee osCes yeBkesÀuee Meke̳e nesle

Deens.

iesu³ee keÀener Je<ee&le peesKeerce efveefce&leer, l³eeb®es HeefjCeece Je l³eeb®es J³eJemLeeHeve ®eebieu³eeHe´keÀejs

peesKeerce J³eJemLeeHeve ë

nesC³eemeeþer yeBkesÀves keÀener He´efke´À³eeb®eer DebceueyepeeJeCeer keÀecee®ee SkeÀ Yeeie cnCetve mJeerkeÀejueer

Deens.

³ee He´keÀej®³ee Hegjesieeceer OeesjCeebcegUs YeefJe<³eele menkeÀej #es$eeuee ueeiet nesCeejs Deeblejje<ì^er³e

efJelleer³e efvekeÀ<e Je ye@meue ®eer DebceueyepeeJeCeer, ³eemeeþer yeBkesÀves SkeÀ me#ece Hee³ee le³eej

kesÀuee Deens.

DenJeeue meeueer yeBkesÀ®es YeeieYeeb[Jeue 16.99 keÀesìeRveer Jee{tve SketÀCe 72.10 keÀesìer

Peeues Deens. efjPeJn& yeBkeÀs®³ee efkeÀceeve 12 ®³ee efvekeÀ<ee®³ee leguevesle yeBkesÀ®eer Hegbpeer

He³ee&Hlelee DenJeeuemeeueer 15.03 FlekeÀer YekeÌkeÀce Deens. Deeieeceer Je<ee&le, SketÀCe

20 veJeerve MeeKee GIe[C³ee®ee yeBkesÀ®ee ceeveme Deens. ³eemeeþer ueeieCeeje Yeeb[Jeueer Ke®e&,

He´iele leb$e%eevee®ee mJeerkeÀej ³eeb®ee Hegbpeer He³ee&HlelesJej ³esCeeje leeCe keÀceer keÀjC³eemeeþer veHeÀe

J³eJemLeeHeve OeesjCee®eer ³eesi³e DebceueyepeeJeCeer keÀjCes iejpes®es þjCeej Deens.

ceeveJe mebmeeOeve Je=Ooermeeþer l³ee®eer efJekeÀemeHe´Ceeueer iejpes®eer Demeles. ³ee Debleie&le ³eesi³e

He´efMe#eCe Je meJee¥efieCe efJekeÀeme Ie[Jetve Jew³eefkeÌlekeÀ, meebefIekeÀ Je mebmLeelcekeÀ GefÎ<ì ieeþCes

Meke̳e nesles.

yeBkesÀ®³ee He´efMe#eCe keWÀêele meJe& mlejeJejerue keÀce&®ee-³eebmeeþer efve³eefceleHeCes He´efMe#eCee®es

Dee³eespeve kesÀues peeles. lemes®e, yeensj®³ee DeemLeeHeveebveer Dee³eesefpele kesÀuesu³ee efJeefJeOe

He´keÀej®³ee He´efMe#eCe keÀe³e&ke´Àceebvee, keÀe³e&MeeUebvee yeBkesÀleerue keÀce&®ee-³eebvee yeBkeÀ HeeþJele

Demeles.

meve 2011-12 ceO³es, SketÀCe 44 He´efMe#eCe keÀe³e&ke´Àceebleie&le 1178 menYeeieeRvee

55851 ceeveJeer leemeeb®es He´efMe#eCe efoues iesues. ³ee Debleie&le efJeefJeOe He´keÀej®³ee keÀe³ee&lcekeÀ

peesKeceer, ce®e¥ì yeBefkebÀie, Deeblejje<ì^er³e efJelleer³e ceeveebkeÀves Je ye@meue iegbleJeCetkeÀ He³ee&³e Je

efJeosMe efJeefvece³e J³eJenej DeMee DeveskeÀ efJe<e³eeb®ee DebleYee&Je kesÀuee neslee.

YeefJe<³eeleerue DeeJneveebvee meeceesjs peeC³eemeeþer %eevee®³ee Je keÀe³e&#eceles®³ee keÀ#ee

jbÀoeJeC³eeJej Yej osCeejs OeesjCe yeBkesÀves mJeerkeÀejues Deens. ceeveJe mebmeeOeve ne yeBkesÀves

peHeuesu³ee keÀener cetu³eeb®ee ieeYee jeneruee Deens. keÀce&®ee-³eebvee me#ece keÀjCeejer OeesjCes

DeeKetve, l³eeb®ee melele HeeþHegjeJee keÀjCes, yeBkesÀ®es O³es³e jeefnues Deens.

mees³eermkeÀj Je megKeo ie´enkeÀmesJee HegjJeC³eemeeþer leb$e%eevee®ee JeeHej keÀjC³eele yeBkeÀ Deie´smej

jeefnueer Deens.

leb$e%eeve He´CeeueerJej DeeOeeefjle yeBefkebÀie, ceeefnleer®eer megjef#elelee Je leb$e%eeveeleerue peesKeceeR®es

J³eJemLeeHeve ³ee efJe<e³eebJej efjPeJe& yeBkesÀves SkeÀ DenJeeue He´efmeOo kesÀuee Deens. l³ee Deveg<ebieeves

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Hegbpeer He³ee&Hlelee ë

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41 Jee Jeeef<e&keÀ DenJeeue

yeBkesÀves ceeefnleer megj#ee J³eJemLeeHeve He´Ceeueer efveefM®ele kesÀueer Demetve ®³ee

efvekeÀ<eebvegmeej l³eeb®eer DebceueyepeeJeCeer keÀjC³ee®es OeesjCe DeeKeues Deens. DeKebef[le mesJee

osC³eemeeþer DeeHelkeÀeueerve He³ee&³eer J³eJemLeener GYeejueer Deens.

veesJnWyej, 2011 ceO³es efjPeJe& yeBkesÀves peejer kesÀuesu³ee OeesjCeevegmeej menkeÀejer yeBkeÀebvee

J³eJenejeefOeef<þle Fbìjvesì yeBefkebÀie mesJee osC³eeme HejJeeveieer efoueer Deens. l³ee Debleie&le yeBkesÀves

keÀener ce³ee&osHe³e¥le F´bìjvesì yeBefkebÀie He´Ceeueer keÀe³ee&efvJele kesÀueer Deens. ner mesJee HetCe&lJeeves

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ceeefieleueer Deens. Fbìjvesì yeBefkebÀie®ee JeeHej DeefOekeÀ keÀjC³eemeeþer ìt-He@ÀkeÌìj Dee@LeWefìkesÀMeve

HeOoleer®³ee DebceueyepeeJeCeer®eer He´efke´À³ee megjÀ kesÀueer Deens.

DenJeeue Je<ee&le ceeefnleer leb$e%eeveeJej DeeOeeefjle mesJee osC³eemeeþer keÀener veJeerve yeBkeÀeb®ee

DebleYee&Je yeBkesÀves kesÀuee Deens.

1 leb$e%eeve efJe<e³ekeÀ meuuee Je Oeve MeesOeve He´efleyebOe keÀe³e&He´Ceeueer

2 leb$e%eeve efJe<e³ekeÀ meuuee

3 DeeHelkeÀeueerve He³ee&³eer J³eJemLee GHeueyOe keÀjÀve osCes

4 [eìe meWìj Je DeeHelkeÀeueerve [eìe meWìj mesJee GHeueyOe keÀjÀve osCes.

je<ì^er³e Yegieleeve DeemLeeHeves®es meom³elJe yeBkesÀves Iesleu³eecegUs ie´enkeÀebmeeþer Flej 66

yeBkeÀeb®³ee megceejs 96743 SìerScedMeer mebueivelee efceUeueer Deens. HueemìerkeÀ keÀjvmeer®ee

JeeHej Jee{JeC³eemeeþer yeBkesÀves DenJeeuemeeueer ie´enkeÀebvee

GHeueyOe keÀjÀve efoues Deens. efJeefJeOe DeemLeeHeves Je SìerSced ³esLes l³ee®ee JeeHej Meke̳e Deens.

DeMee oesve He´keÀejs keÀe[&me

GHeueyOe Deensle.

ceneje<ì^eyeensj MeeKee efJemleej keÀjÀve yeBkeÀ ceefuìmìsì menkeÀejer yeBkeÀeb®³ee #es$eele Deie´smej

jenC³ee®ee He´³elve keÀjle Deens. osMeYejeleerue efJeefJeOe Keelesoejeb®³ee iejpeebJej ue#e keWÀefêle

keÀjCeejer OeesjCes DeeKeleevee YeeieOeejkeÀeb®³ee efnlee®ee yeBkeÀves keÀe³ece efJe®eej kesÀuee Deens.

lemes®e me#ece J³eeJemeeef³ekeÀ DevegMeemeve peeCeerJeHetJe&keÀ peesHeemeues Deens.

G®®e opee&®eer J³eeJemeeef³ekeÀ DevegMeemeve lelJes mJeerkeÀejCes Je l³eeb®es Heeueve keÀjCes ³eeJej

yeBkesÀ®ee þece efJeMJeeme Deens. J³eJemee³e keÀjleevee Demeuesueer keÀe³eÐee®eer ce³ee&oe,

YeeieOeejkeÀeb®³ee He´efle Demeuesueer peyeeyeoejer Je DeHes#ee ³eeb®es meblegueve jeKeC³eeJej yeBkesÀ®ee Yej

Deens. YeeieOeejkeÀeb®eer cetu³eJe=Ooer Glke=À<ì keÀe³e&HeOoleer Je J³eJenejeleerue HeejoMe&keÀlee

³eeb®³eeJoejs yeBkeÀ meeOele Deens.

ISO 27001

VISA DEBIT CARD

VISA DEBIT CLASSIC AND PLATINUM

³ee Debleie&le yeBkeÀ l³eebvee Keeueerue mesJee HegjJele Deens.

J³eJemee³ee®³ee veJeerve Jeeìe ë

J³eeJemeeef³ekeÀ DevegMeemeve ë

meom³e mebK³ee ë

uesKeeHejer#ekeÀeb®eer vesceCetkeÀ ë

meeceeefpekeÀ peyeeyeoejer ë

JesOe YeefJe<³ee®ee ë

³esl³ee DeeefLe&keÀ Je<ee&le yeBkesÀ®ee Keeueerue efJe<e³eebJej Yej jenCeej Deens.

yeBkesÀ®eer 31.03.2012 jespeer meom³e mebK³ee 40921 FlekeÀer Deens. ieleJe<eea ner

mebK³ee 34228 DeMeer nesleer.

meve 2012-13 ³ee DeeefLe&keÀ Je<ee&meeþer JewOeeefvekeÀ uesKeeHeefj#ekeÀ cnCetve ces. peesMeer Je

keÀjboerkeÀj, ®eeì&[& DekeÀeTvììdme ³eeb®eer efve³egkeÌleer keÀjC³eeyeeyele meb®eeuekeÀ ceb[U efMeHeÀejme

keÀjerle Deens. JewOeeefvekeÀ uesKeeHejer#ekeÀ cnCetve keÀece keÀjC³eeme peesMeer Je keÀjboerkeÀj, ®eeì&[&

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efJe<e³e ke´ÀceebkeÀ 4 DevJe³es ceeb[C³eele Deeuee Deens.

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’cetu³e

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meuueeieej meefceleer®es meom³e [e@. vejWê peeOeJe ³eeb®³ee cegueeKeleerletve He´sjCee IesTve ³ee mHeOex®es

Dee³eespeve kesÀues nesles. þeCes efpeun³eeleerue megceejs 103 DeeÞece MeeUebleerue 12300 ntve

DeefOekeÀ cegueebveer ³eele menYeeie Iesleuee neslee. He´l³eskeÀ MeeUsleerue SkeÀ efJepeslee efveJe[uee iesuee.

l³eebvee ye®eleer®es cenlJe HeìJeC³eemeeþer ³ee He´l³eskeÀ efJepesl³ee®³ee veeJeeves ye#eerme cnCetve

100 jÀHe³eeb®es ye®eleKeeles yeBkesÀves GIe[tve Iesleues Deens. ³eecegUs ie´eceerCe Yeeieeleerue

MeeUebceO³es DeeefLe&keÀ meceeefJe<ìles®³ee OeesjCeeuee ieleer efceUC³eeme ceole nesCeej Deens.

40 J³ee DenJeeueele veceto kesÀu³eeHe´ceeCes Keeueerue iees<ìeR®eer Hetle&lee yeBkesÀves kesÀueer Deens.

1 yeBkesÀ®es cegK³e keÀe³ee&ue³e veJeerve Je He´Memle Jeemletle mLeueeblejerle Peeues Demetve HetCe&HeCes

keÀe³ee&efvJele Peeues Deens.

2 ie´enkeÀebvee [er- ce@ì mesJee osC³eemeeþer ve@Meveue ef[Hee@efPeìjer meefJe&mesme yejesyej yeBkeÀsves

mecevJe³e keÀjej kesÀuesuee Deens.

3 ®eer mesJee ie´enkeÀebvee GHeueyOe keÀjÀve efoueer Deens.

veJeerve MesDejceOeerue iegbleJeCetkeÀ, yeeB[ Je c³eg®³egDeue HebÀ[eleerue iegbleJeCegkeÀermeeþer

megefveefM®ele jkeÀces®³ee mene³³eeves Depe& Meke̳e nesCeej Deens.

efveJe=lleer Jesleve efve³eb$ekeÀ Je efJekeÀeme He´eefOekeÀjCe ³eeb®³eeJoejs peeefnj Peeuesueer veJeerve

efveJe=lleer Jesleve ³eespevee yeBkesÀ®³ee efJeefJeOe MeeKeebceOetve keÀe³ee&efvJele kesÀueer peeCeej Deens.

DeefOekeÀ ®eebieueer ie´enkeÀmesJee osC³eemeeþer Je jesKe YejCee keÀjC³ee®ee JesU keÀceer

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SUSTAINABILITY AND REPUTATION CONSULTING)

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efoueer Deens. je<ì^er³e Yegieleeve DeemLeeHeveeves Ieeuetve efouesu³ee ceesyeeF&ue HesceWìmed®³ee efvekeÀ<eeb®eer

Hetle&lee keÀjÀve l³eeb®eer ®ee®eCeer yeBkesÀves kesÀueer Deens. ³esl³ee Je<ee&le yeBkesÀ®es ie´enkeÀ ceesyeeF&ue

yeBefkebÀieJoejs DeeblejyeBkeÀ HesceWìmed Je efJeefJeOe efyeueeb®eer HesceWìdme keÀ© MekeÀleerue. YeefJe<³eele

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yeBefkebÀie #es$eele GHeueyOe Demeuesu³ee meJe& F&-yeBefkebÀie mesJee HetCe&lJeeves ie´enkeÀebvee osC³eeme

yeBkeÀ keÀefìyeOo Deens.

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pejer DeLe&J³eJemLes®eer He´ieleer Meke̳e Demeueer lejer Hesì^esefue³ece HeoeLee¥®³ee efkebÀceleerJejerue

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He´efke´À³es®eer efOeceer Demeuesueer ieleer ns Deens.

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meceepeemeeþer meceefHe&le kesÀues.

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Þeer. peieefpele efmebie, cejeþer keÀJeer ie´sme, He´efmeOo efnboer keÀueekeÀej Þeer. Mecceer keÀHetj DeeefCe

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1041st Annual Report

41 Jee Jeeef<e&keÀ DenJeeue

41 Annual Report 2011-2012st

Dear Shareholders,

On behalf of the Board of Directors, it gives me great pleasure to

extend a warm welcome to all of you at the 41 Annual General

Meeting of the Bank. As the Chairman of this great institution

with a rich legacy, I would like to put on record that because of

your unstinted support, your Bank has successfully achieved

greater heights of business during F.Y. 2011-12.

The performance of your Bank in F.Y. 2011-12 has been very

good on all fronts. It has done better than the industry in a

number of key financial parameters. Your Bank's visibility has

increased considerably. This led to an upsurge in public

confidence and was reflected in the higher market share of the

business.

Before I touch upon the operational and financial performance

of your Bank, it is relevant to scan through the economic

environment under which we conducted the banking business

and also the future outlook.

The global economy has continued to improve over the past

year. Growth in emerging markets has been strong while

advanced economies have been moving towards a self

sustaining trade and investment gradually replacing fiscal and

monetary stimulus as principal drivers of economic growth. But

recovery is happening at different speeds across the globe. In

advanced economies growth remained modest at around 3% in

2011, but emerging economies registered robust growth of

around 7% during the last year led by China and India.

While the sense of crisis has waned, new challenges have

surfaced to the global economy. Weak sovereign balance sheets,

looming debt crisis in Euro zone, high levels of unemployment

and continued weakness of the US financial markets are some of

the major concerns for the advanced economies. In the emerging

economies the major risks emanate from asset price bubbles,

rapid rise in inflationary pressures and spurt in commodity

prices.

The Reserve Bank of India in its monetary policy 2012 –13 has

stated that domestically the state of the economy is a matter of

growing concern. Though inflation has moderated in recent

months, it remains sticky and above the tolerance level, even as

growth has slowed. Significantly these trends are occurring in a

situation in which concerns over the fiscal deficit, the current

account deficit and deteriorating asset quality loom large. In this

context, the challenge for monetary policy is to maintain vigil on

controlling inflation while being sensitive to risks to growth and

st

The Global Economy:

Indian Economic Scenario:

vulnerabilities. GDP growth moderated to 6.1% during third

quarter of the 2011-12 as against 8.3% in the corresponding

quarter of 2010-11.

Growth in the Index of Industrial Production (IIP) decelerated to

3.5% during 2011-12 from 8.1% in corresponding period of the

previous year.

Headline Wholesale Price Index (WPI) which remained above

9% duringApril - November 2011, moderated to 6.9% by end of

March 2012. Moderation in inflation in December 2011-

January 2012 owed largely to softening of food prices while the

same in February-March 2012 was largely driven by core non-

food manufactured products inflation which fell below 5% for

the first time after two years.

Money supply (M3) growth, which was 17% at the beginning of

the financial year 2011-12, reflecting strong growth in time

deposits, moderated during the course of the year to about 13%

by end March 2012.

Non-food credit growth decelerated from 22.1% at the

beginning of 2011-12 to 15.4% by February 2012 reflecting

slower economic activity.

Liquidity conditions remained in a deficit mode throughout

2011-12. In November 2011, the liquidity deficit went beyond

the comfort level of 1% net demand and time liabilities of banks.

In order to mitigate the liquidity tightness, the Reserve Bank of

India took steps to inject primary liquidity of a more durable

nature by reducing CRR by 125 basis points. The deficit

liquidity declined to 70000 crores byApril 13, 2012.

The 10-year benchmark government security yield remained

range-bound during the first half of 2011-12. It firmed up in

October 2011 on account of increased market borrowing, policy

rate hikes and persistent liquidity tightness. The yield hardened

again somewhat towards end of March 2012, reflecting

concerns about government borrowing programme in 2012-13,

which is significantly larger than even the expanded programme

of 2011-12. The 10-year benchmark yield was at 8.62 % on

April 25, 2012 as compared with 8.57 % at end-March 2012 and

7.97 % at end-March 2011.

During April-December 2011, India's current account deficit

(CAD) increased to 4.0 % of GDPfrom 3.3 % of GDPduring the

same period of 2010. Expansion in CAD was largely due to

higher trade deficit and decline in overall capital inflows as

compared with the previous year.

The currency market was under pressure during August-

December 2011 due to expansion in trade deficit, slowdown in

capital inflows and higher crude oil prices in international

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markets. However, conditions eased in Q4 of 2011-12 reflecting

a pick up in capital inflows as well as the impact of policy

measures undertaken by RBI to improve dollar supply and

contain speculation.

The fiscal deficit of the Central Government has remained

elevated since 2008-09. The fiscal slippage in 2011-12 was also

significantly high. Even though the Union Budget envisages a

reduction in the fiscal deficit in 2012-13, several upside risks to

the budgeted fiscal deficit remain. In particular, containment of

non-plan expenditure within the budget estimates for 2012-13 is

contingent upon the Government's ability to adhere to its

commitment of capping subsidies. Going by the recent burden-

sharing arrangements with the oil marketing companies

(OMCs), the budget estimate of compensation for under-

recoveries of OMCs at the present level of international crude

prices is likely to fall significantly short of the required amount.

Any slippage in the fiscal deficit will have implications for

inflation and Government's borrowing programme. The

budgeted net market borrowings for 2012-13 are 4.8 trillion,

even higher than the expanded borrowings of 4.4 trillion last

year.

Against this backdrop, the RBI announced following measures

in its monetary policy which were intended to adjust policy rates

to levels consistent with the current growth moderation, guard

against risks of demand-led inflationary pressures re-emerging

and to provide a greater liquidity cushion to the financial

system.

Reduced repo rate from 8.5% to 8%.Reverse repo rate stands adjusted to 7%.Marginal standing facility rate stands adjusted to 9%.Marginal standing facility limit raised to 2% of Net Demand

and Time Liabilities (NDTL) in order to provide greater

liquidity cushion.

I am happy to mention that your Bank recorded all round

improvement in its performance during the year. While your

Bank's business mix touched 7000 crores and its current and

saving (CASA) deposits also crossed a milestone of 1150

crores during 2011-12 and the net profit of your Bank surged to

reach to 60.09 crores.

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Performance Highlights of the Bank for the financial year

2011- 12:

Financial Highlights :

Deposits:

Advances:

Treasury:

Despite the competitive environment, the Bank registered

growth of 25% in deposits to reach 4344.97 crores. The ratio

of CASA deposits to total deposits stood at 27.12 % as on

31.03.2012. The cost of deposit worked out to 7.09% mainly

due to high interest rate regime throughout the financial year.

The composition of deposit is given below:

The advances portfolio recorded an increase of 648.31 crores

at the growth rate of 32.55%. Our Bank focused on creating

balance credit portfolio by also having thrust on creating retail

assets to spread risk. The Credit Deposit ratio stood at 60.76%

which was 57.38% at the beginning of the year. The composition

of advances is given below :

In the beginning of the year the credit off take was low and hence

it was a great challenge to improve Credit Deposit ratio with

quality assets. During the year your Board of Directors framed

certain marketing policies with documenting due diligence

norms, which fetched good results in managing deployment in

credit portfolio.

It is important to note that Bank's Gross NPAremained at 2.63%,

which is a clear indication of quality of assets in credit portfolio.

Your bank has adhered to adequate CRR & SLR requirements as

stipulated by RBI during financial year 2011-12. Similarly,

your bank has also maintained non SLR investment within the

prescribed limit set by RBI. The bank has specified credit rating

norms for investments under non-SLR segment which are

strictly adhered to.

Keeping in view the RBI guidelines, the bank has a

comprehensive Investment policy and ALM policy in order to

ensure consistency across business activities.

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Type of Facility

Term Loans

CC/OD/IBP/OBD

Total

( ` in Crores)

2010-11 % 2011-12 %

1253.43

738.44

1991.87

62.93

37.07

100.00

1483.51

1156.67

2640.18

56.19

43.81

100.00

Gross NPA 68.12 3.42 69.53 2.63

Net NPA 0 - 0 -

Total Advances 1991.87 2640.18

Particulars

n Crores)( ` i

2010-11 % 2011-12 %

Particulars 31.03.2011 31.03.2012 % Increase/ Decrease

Business Mix

Deposits

Advances

Gross Profit

Net Profit

Owned Funds

Gross N.P.A.

Net N.P.A

C.R.A.R

5463.45

3471.58

1991.87

89.66

49.58

428.98

3.42%

0

15.64%

6985.15

4344.97

2640.18

104.89

60.09

496.11

2.63%

0

15.03%

27.85%

25.16%

32.55%

16.99%

21.20%

15.65%

(0.79%)

-

(0.61%)

( ` in Crores)

Type of Deposits

Current

Savings

Term

Total

( ` in Crores)

2010-11 % 2011-12 %

242.02

882.78

2346.78

3471.58

6.97

25.43

67.60

100.00

261.27

917.05

3166.65

4344.97

6.02

21.11

72.88

100.00

1241st Annual Report

Your Bank continues to have investment policy in place which is

reviewed continuously in accordance with the guidelines issued

by the Reserve Bank of India from time to time. Your Bank has

taken the Negotiated Dealing System (NDS), NDS Call & NDS

Order Matching, NDS Primary Auction Software and

CBLO/CROMS Software to place and settle all deals on the

Electronic System.

Your Bank already has in place the system of internal audit of

investment and treasury transactions on quarterly basis as per

the RBI Guidelines.

Aggregate investment of your bank as at March 2012 increased

to 2133.06 crores from 1823.36 crores registering a growth

of 17% over previous year. The bank has been active and

effectively managing the treasury operations. The interest rates

remained volatile during last financial year. Despite rise in

interest rates, your Bank has been able to contain depreciation to

the minimum to its portfolio by realigning strategies from time

to time. Your bank also grabbed opportunities of the interest rate

volatility to generate more income which resulted in improving

the yield on investment. The higher return on investment gives

significant positive carry on the cost of deposit which helps your

bank to post higher net interest income.

The International Business Division (IBD) of the bank has

become operational from 19 July 2010, after receiving

Authorised Dealer Category – 1 Licence from RBI. After

initiation of the activity, this is the first year wherein all the

activities are handled under the licence. During the year under

report IBD has done turnover of 814.02 Crores, from all its

centres. IBD has earned net profit of 3.48 Crores during the

period under report. The interbank dealing turnover during the

period under report is of around 1000 Crores. The activity is

handled through “A” Category centre. At “A” category centre,

along with the Trade Finance activities, Interbank Dealing also

takes place. The “B” category centres handle only Trade

Finance activities. The other “B” category centres are at Nasik,

Andheri, Naupada, Thane and Pune. All the centres have shown

a remarkable performance during the year and right from their

inception. There are 13 centres working as “C” category who

handle the money changing business for leisure and business

tour clients. Presently bank is dealing in 6 major currencies viz.

USD, EURO, GBP, JPY, AUD & CHF. Separate Nostro

accounts have been opened with various correspondents. The

overall correspondent relationship with more than 60 banks

across the world has been established which enabled the bank to

handle the business effectively for its clients. During the year

under report, bank has handled all types of forex products viz.

Import L/Cs, Buyer's Credit, Foreign Currency Term Loans,

export finance in Foreign Currency. Bank has canvassed more

than 20 Crores in the form of Foreign Currency Non Resident

(FCNR) deposits during the year under report. In the near future

bank is expected to launch the pre-paid foreign currency

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IBD Business :

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denominated co-branded card in association with Axis Bank.

Bank also intends to open some new “B” category centres at

major business centres.

Despite the pressures of keen competition and tighter monetary

environment, your Bank earned net profit of 60.09 crores

during 2011-12. Your Bank's Net Profit registered a year-on-

year growth of 21.20%.

Your Bank's policy of declaring dividend is to reward the

members as well as to plough back sufficient profit for

maintaining a healthy Capital Adequacy Ratio and supporting

future growth. Your Board of Directors is pleased to

recommend dividend @15% on pro rata for the year 2011-12.

Bank had been following the practice of accounting for the

appropriation of the profits of the respective year in the

subsequent financial year after their approval at the Annual

General Meeting. The effects of these appropriations were thus

included in the Financial Statements of the next financial year.

To provide to the shareholders a true and fair value of reserves,

other funds and liabilities as on the date of Balance Sheet, the

Bank has changed the previous practice and given effect to the

appropriation of profits for the current year in the financial

statements for the year ended 31 March, 2012 itself, subject to

approval at theAnnual General Meeting. (Refer to Page No.36)

Last year your Bank had received 10 licences for opening

branches from RBI, making total licenses in hand 13. During

the financial year 2011-12, your Bank opened 11 branches at

various locations which include two multi-state branches at Goa

and Belgaum. One branch at Rabale is expected to be

operational by end of May, 2012.

Your Bank has received permission from the Reserve Bank of

India to open 18 more branches at Boisar, Thane, Kalyan,

Solapur, Akola, Pen, Chiplun, Sangli, Kudus, Nashik, Jalna,

Chandivli, Bangalore in state of Karnataka, Phonda, Madgaon

in state of Goa, Surat,Ahmedabad, Baroda in state of Gujarat.

As unanimously approved by the General Body, the name of the

Bank stands changed from “The Thane Janata Sahakari Bank

Profitability:

Dividend:

Appropriation of Profit for F.Y. 2011-12 :

Expansion:

Brand TJSB :

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Profit before Tax & Provisions

Profit after Tax & Provisions

( ` in Crores)

2010-11

104.89

60.09

Particulars 2011-12

89.66

49.58

41 Jee Jeeef<e&keÀ DenJeeue13

Ltd.” to “TJSB Sahakari Bank Ltd.”. The necessary approvals

are received from the Central Registrar, New Delhi and the

Reserve Bank of India.

The said change will have great impact in view of spreading our

wings beyond Maharashtra. Your bank firmly believes in the

fact that the name change would help in achieving global

acceptance, recognition and expansion.

The bank launched its new logo at the MIFTA Awards function

held in London. This provided us with a platform for

establishing our presence beyond India and also provided a

boost to our Forex Services.

The bank conducted unique event, “Desh Majha, Mee

Deshacha”, at the Dadoji Konddeo Stadium commemorating

the centenary of National Anthem, “Jana Gana Mana”. The

response was overwhelming. Almost 50000 citizens including

21000 school children attended the programme. In view of the

number of participants, an attempt has been made to record the

same in Guinness World Book of Records.

The bank opened its first out of state branch in Mapusa, Goa

followed by second one at Belgaum in Karnataka.

These events have been conceptualized as some of the vehicles

for building our brand name through a wide coverage on various

media like print media, electronic media etc.

The bank is on major expansion drive and in this scenario;

managing and mitigating risk plays a crucial role in achieving

long term financial security and success.

Taking on various types of risk is integral to the banking

business. Sound risk management and balancing risk-reward

trade-offs are critical to a bank's success. Business and revenue

growth have therefore to be weighed in the context of the risks

implicit in the Bank's business strategy. Of the various types of

risks, your Bank is exposed to, the most important are Credit

risk, Market risk (which includes Liquidity risk and Price risk)

and Operational risk. The identification, measurement,

monitoring and management of risks accordingly remain a key

focus area for the Bank.

For Credit risk, the bank has well defined credit rating system in

line with industry parameters for rating the borrowers. Rating

system is mainly aimed at assessment of Credit risk. Rating

model covers risk viz. Financial risk, Industry risk, Business

risk, Management risk. The bank ensures rating of borrower's

performance based on audited financials on yearly basis.

The bank is aiming to move further towards rating/ risk based

pricing in near term. The rating system is transparent and gives

scope to the borrowers for improvement in requisite areas and

become eligible for concessional pricing based on rating grade.

Risk Management :

The bank has in place well defined credit policy with explicit

rules and instructions pertaining to grant of credit which aims at

following the sound lending practices.

The bank has well defined Committee Approach for taking

credit decisions judiciously..

In the wake of phenomenal increase in the volume of

transactions, high degree of structural changes and complex

support systems, managing operational risk has become an

important feature of sound risk management practices.

The bank places great emphasis on compliance with the ongoing

requirements as per RBI directives. The bank has put in place a

set of best practices in risk management appropriate to the size

and business and these are been reviewed from time to time by

the Board of Directors.

The bank has an internal control system in place which helps in

managing the operational risk aspects. Operational risk

management policy provides a broad framework to identify,

assess and monitor risks, strengthen controls, improve customer

service and minimize operating loss.

During past few years, various activities and processes have

been initiated by your bank for identification of risks,

assessment of their magnitude and monitoring them by use of

variety of procedures.

With this kind of pro-active approach, the bank is fully geared

up and prepared to adopt IFRS and Basel II norms as and when

made applicable to co-operative sector.

Share capital of the Bank increased by 6.99 crores during the

year 2011-12 and remained at 72.10 crores. Your Bank is well

capitalized with CRAR of 15.03% well above the minimum

requirement of 12% as stipulated by RBI.

Your bank is under expansion mode and in the year 2012-13 it

plans to open 20 new branches. The capital expenditure to be

incurred for the new branches and software up-gradation will

put pressure on capital adequacy which we intend to tackle with

the bottom-line management approach.

Human Resource Development is a framework for the

expansion of Human Capital within organization. It is an

integrated use of training and career development efforts to

improve individual, group and organizational effectiveness.

Your bank organizes training sessions for staff members at all

levels at the Bank's Training Centre. They are also deputed on

various training programmes, workshops and seminars

conducted by renowned organizations and institutions in

banking & financial sector.

CapitalAdequacy :

Human Resource:

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1441st Annual Report

During 2011-12, 55851 man-hours were deployed for 1178

participants in 44 training programmes. Variety of subjects

covered include e.g. On location workshop on Emerging Trends

in Merchant Banking Business, Programme on Measurement &

Management of operational risk under Basel II, Programme on

Transition to IFRS, Programme on Fixed Income Portfolio

Management (Focus: Trading & Hedging), Awareness

Programme on Forex and many more.

Your bank continuously strives to update knowledge and

sharpen skills of employees to make them fully prepared to face

new challenges in banking sector. Your bank lists 'people' as one

of its stated core values. The Bank believes in empowering its

employees and constantly takes various measures to achieve

this.

Your Bank has always been front runner in adopting technology

for better customer services and convenience. The Reserve

Bank of India has published the report on Electronic Banking,

Information Security and Technology Risk Management and

recommending the measures to be taken. Bank has approved and

adopted Information Security Management System policy for

all its Information Technology related operations as per the ISO

27001 standard framework and has taken the measures to test the

Business Continuity by adopting Disaster Recovery Drills.

The Bank has started Internet banking system with limited

functionality. In November 2011, RBI has published guidelines

allowing transaction based internet banking system to

scheduled co-operative banks. Your Bank has complied with all

the recommendations and has made application to RBI for

starting transaction based internet banking system and expects

to receive approval. The Bank has taken initiative of

implementing “2FA – Two Factor Authentication” for making

the Internet Banking more secure than ever before.

During the financial year, the Bank has added new clients to its

fold to provide Information Technology Enabled Services

(ITES). These services include -

i. I T Consultancy Services andAMLSoftwareii. DR Site Sharingiii.DC/DR Sharing

Your Bank is member of National Payment Corporation of India

and has launched RuPayATM card for all its customers, which is

accepted at 66 Banks'ATMs and at 96743 locations across India.

To facilitate the transition to digital currency, your Bank has

launched International VISA Debit Card for customer with

VISA Debit Classic and Platinum options during 2011-12. With

TJSB VISA Debit Card customers can have access to ATM,

merchant establishments and secure transaction over net.

TechnologicalAdvancement:

New Lines of Business:

Your Bank is marching towards key position in multi-state co-

operative banking sector by spreading the wings out of

Maharashtra. The management has in place a well thought out

strategy catering to diverse needs of customers across the

country.The strategy is being executed within a sound

governance framework that seeks to balance the interests of all

stakeholders to ensure sustainable value creation.

The Bank believes in adopting and adhering to the best

recognized corporate governance practices and continuously

benchmarking itself against each such practice. The Bank

understands and respects its fiduciary role and responsibility to

shareholders and strives hard to meet their expectations. The

Bank believes that best practices, transparent disclosures and

shareholder empowerment are necessary for creating

shareholder value.

The total number of members of the Bank as on 31.03.2012

stood at 40921 as against 34228 of the previous year.

The Board of Directors recommends to the Annual General

Meeting appointment of Joshi & Karandikar, Chartered

Accountants for the financial year 2012-13. Joshi & Karandikar

have consented to be appointed as Statutory Auditors. The

resolutions for their appointment will be moved under agenda

item no.4 of the notice.

Your Bank sponsored an essay competition conducted by an

NGO in Thane (Corporate Sustainability & Reputation

Consulting), the subject being Value of Education. It was based

on an interview of Dr. Narendra Jadhav – Member of India's

Planning Commission and a member of the National Advisory

Council to the Prime Minister of India.

More than 12300 students from 103 Ashram Shalas from Thane

district participated in the competition. From each school, a

winner was selected. To create financial awareness and cultivate

saving habit amongst school children, a savings account for

each winner has been opened in TJSB and an amount of 100

deposited in the account as the prize.

This has opened the gates of a much larger opportunity of

financial inclusion with tribal schools.

As already reported in the 40 Annual Report, we are glad to

inform you that –

New Corporate Office is fully functional and core

departments have been shifted to the premises.

Corporate Governance:

Membership:

Appointment of StatutoryAuditors:

Corporate Social Responsibility:

Way Forward:

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41 Jee Jeeef<e&keÀ DenJeeue15

During the year, TJSB has tied up with National Depository

Services Limited, to provide the services of demat accounts.

Introduction of Visa Debit Card.

Application Supported by Blocked Amount (ASBA): The

safest and most economical way of making application for IPO,

Bond Issues and NFO of Mutual funds.

Introduction of New Pension Scheme (NPS) under Pension

Fund Regulatory and Development Authority (PFRDA)

established by Government of India and TJSB to function as

Points of Presence Service Providers through the network of

branches.

For improving the customer services and reduce the time to

deposit the Cash for savings account customer, Bank is

installing Cash Acceptance Machine at Naupada Branch, Main

Branch and Panchpakhadi Branch which will enable the

Customers to deposit cash at any time and get credit to the

account.

During the year, bank is also planning to introduce self

service Pass Book Printing Machines and Kiosks to offer

various banking facilities 24x7 to its Customers.

During the year, bank received permission from the Reserve

Bank of India for starting Mobile Banking Services and Bank

has completed all the testing to start Inter Bank Mobile Payment

System (IMPS) of National Payment Corporation of India. In

the coming year, customers of the Bank can avail Mobile

banking for all transactions including interbank funds transfer

and payment of utility bills.

Going forward, IMPS will be driver for payment systems with

support for RTGS/NEFT funds transfer, UIDAI support, and

access on single USD number across India.

Bank is committed to introduction of enriched e-banking

channels full of features and functionalities at par with the

banking industry for its customers.

The Reserve Bank of India has cut Repo rate by 50 basis points in

monetary policy to boost economic growth of the country.

Although we might see a progress in economic growth outlook,

the inflationary pressures still persists on the back of expected

decontrol of petroleum products, increase in oil prices globally

and ballooning fertilizer subsidies. The international rating

agency Standard & Poor (S&P) has given negative outlook of

the long term sovereign debt of the country due to slow fiscal

consolidation process. This may result in lower net inflows of

funds from abroad. India's Current Account Deficit (CAD)

which represents its debt to the world is already above 4% which

might go up further due to the shrinking of net inflows of funds

to the country, which in turn will impact the domestic currency

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The focus areas of your Bank in current year will be:

Future Outlook:

adversely.Although there are many challenges ahead, your bank

is fully prepared to face them by re-aligning business policies

and strategies.

Board of Directors deeply mourn the sad demise of Shri

Bhagwanrao alias B.K. Patwardhan – founder Chairman of our

Bank. He was on Board of TJSB upto 1985.

Shri Bhagwanrao Patwardhan was known as first Chartered

Accountant in Thane City and started his businees in 1954. To

promote Co- Operative Banking in Thane District. He

established Thane Janata Sahakari Bank Ltd. He was actively

involved in social work and was Chairman of Kopineshwar

Mandir Trust.For getting free medical facilities for poor and

downtrodden society, he established Jani Janardan Seva Samiti.

In 1981, he started Sadguru Seva Mandir Trust at Yeor and

worked wholeheartedly forAdivasi People.

We also deeply mourn the sad demise of Smt. Sadhanatai Amte,

a social leader, eminent artist M. F. Hussain, Gazal Singer Jagjit

Singh, Marathi Poet Grace, renowned Hindi actors Shammi

Kapoor and Dev Anand and renowned Marathi actress Rasika

Joshi.We deeply mourn the death of our staff member Shri

Shreerang Chavan. We also deeply mourn the death of members

of your bank, customers and well wishers who passed away

during the year under report.

I would like to thank all shareholders for the confidence reposed

in us and in supporting us to scale greater heights in

performance. Our growing customers add strength to our

growth and progress and I would like to express my gratitude to

them.

On behalf of the Board, I would like to appreciate the efforts of

the employees for their whole hearted contribution to the

organization and their unwavering dedication. The Board is

also grateful to The Reserve Bank of India, Central Registrar of

Co-operative Societies New Delhi, Commissioner of Co-

operation and Registrar of Co-operative Societies, Maharashtra

State for their support and guidance.

The Bank has been immensely benefited by the contribution

made by its Auditors, Legal advisors and correspondents and I

am grateful to all of them.

Last but not the least, I would like to thank my colleagues on the

Board, who have given their valuable time and assistance in

charting Bank's progressive moves and ensuring TJSB's

frontline position.

On Behalf of Board of Directors

Obituary:

Acknowledgement:

Shri V.A. VaishampayanChairman25.04.2012

1641st Annual Report

41 Jee Jeeef<e&keÀ DenJeeue

mebmLes®es /yeBkesÀ®es veebJe ë ìerpesSmedyeer menkeÀejer yeBkeÀ efue.

veeWoCeerke=Àle keÀe³ee&ue³ee®ee Hellee ë ìerpesSmedyeer neTme, Huee@ì veb.5-yeer, jes[ ke´À.2

JeeieUs Fmìsì, þeCes 400 604.

efjPeJe& yeBkeÀ HejJeevee ke´ÀceebkeÀ Je leejerKe ë Sced.S®ed.419 Heer, 21.01.1985

ceuìermìsì HejJeevee ke´ÀceebkeÀ Je leejerKe ë ScedSmedmeerSmed/meerDeejd/287/2008 efo. 23.10.2008.

keÀe³e&#es$e ë ceneje<ì^ jep³e,keÀvee&ìkeÀ jep³e, ieesJee jep³e Je iegpejele jep³e

leHeMeerue ë 31 cee®e& 2012

SketÀCe MeeKee,efJemleeefjle keÀ#e Je cegK³e 63 1 1 65

keÀe³ee&ue³ee®ee leHeMeerue ë

meYeemeo mebK³ee 1) meYeemeo ë 40921

2) veececee$e meYeemeo ë 107020

Jemetue Peeuesues Yeeie Yeeb[Jeue ë 7210.06

SketÀCe iebieepeUer Je Flej efveOeer ë 39806.54

þsJeer ë ye®ele þsJeer ë 91705.20

ë ®eeuet þsJeer ë 26126.79

ë cegole þsJeer 316665.11

keÀpex ë leejCeer ë 259615.28

ë efJeveeleejCeer ë 4402.72

MeskeÀ[e He´ceeCe ë Deie´ke´Àce #es$eemeeþer ë 54.38

ogye&ue IeìkeÀebmeeþer ë 4.39

G®eueuesueer keÀpex ë efpeune ceO³eJeleea yeBkeÀ

Sve.S®e.yeer. 6158.78

Flej yeBkeÀe

meer.yeer.Sue.Dees. 19410.69

iegbleJeCetkeÀ 213306.18

LekeÀyeekeÀer®es MeskeÀ[e He´ceeCe 4.05

{esyeU DeveglHeeefole keÀpex 2.63

Hegbpeer He³ee&Hlelee (ke@ÀHeerìue De@ef[keÌJemeer) 15.03

efveJJeU DeveglHeeefole keÀpex 0

Dee@[erì Jeie& / efnMesye leHeemeCeer®ee Jeie& De

(meve 2011-2012 meeþer)

veHeÀe (meve 2011-2012 meeþer) 6009.34

SketÀCe keÀce&®eejer 842

HewkeÀer DeefOekeÀejer Je Flej keÀce&®eejer 776

efMeHeeF& Je Jee@®eceve 66

KesUles Yeeb[Jeue 534563.35

ë

(jkeÀces®es DeekeÀ[s ueeKeeble)

ë

+ + =

%

%

%

ë õõõöëë õõõöëëëëëëë

ëëëëë

%

%

œ¸¹£¹©¸«’ - ‚

17

31 cee®e& 2012 DeKesjKe®e&

1) þsJeer Je keÀpee&Jejerue J³eepe 2,90,58,50 2,11,39,93

2) veeskeÀj Jeiee&®ee Heieej, YeÊes

3) meb®eeuekeÀeb®es ceeveOeve

4) Yee[s, keÀj, efJecee Je Jeerpe

5) keÀe³eoe Je J³eeJemeeef³ekeÀ le%eeb®es MegukeÀ

6) ìHeeue, leej Je ìsefueHeÀesve Ke®e&

7) ÒeJeeme Ke®e&

8) efnMesye leHeemeCeer MegukeÀ

9) og©mleer Je osKeYeeue

10) ceeueceÊesJejerue Iemeeje

11) leejCe He$eebJejerue keÀceer kesÀuesues DeefOecetu³e

12) íHeeF& Je uesKeve meecegûeer Ke®e&

13) peeefnjele Ke®e&

14) ceeueceÊee efJe¬eÀerleerue leesìe

15) ye@BkeÀ ®eepesxme

16) efkeÌueDejerRie DeeefCe SvekeÀes[erRie ®eepesxme

17) megj#ee J³eJemLee Ke®e&

18) keÀjej Ke®e&

19) Flej Ke®e&

20) efveuesxefKele yeg[erle keÀpe&

Heg{erue HeeveeJej 3,79,23,33 2,90,09,13

31,68,13 31,35,07

1,77 2,01

18,61,11 11,84,11

77,36 79,29

2,15,81 1,71,54

1,16,75 74,59

89,92 86,82

3,30,29 2,34,27

11,76,59 10,29,05

2,76,59 3,08,11

1,15,21 1,04,10

3,84,94 3,58,45

16,89 75

1,29,74 96,97

59,68 51,19

1,88,65 1,50,04

67,66 74,97

4,45,78 4,18,16

1,41,96 3,09,71

31 cee®e&Je<e& DeKesjerme

2012 31 cee®e&Je<e& DeKesjerme

2011

1841st Annual Report

41 Jee Jeeef<e&keÀ DenJeeue

mebHeuesu³ee Je<ee&®es veHeÀe-leesìe He$ekeÀ( npeejele)`

pecee

1 2,86,65,02 2,19,58,77efouesu³ee keÀpee&Jejerue)

)

)

)

)

)

)

)

)

J³eepe

iegbleJeCegkeÀerJejerue J³eepe

MesDeme&Jejerue ueeYeebMe

JeìCeeJeU Je ngb[CeeJeU

megj#ee KeCe Yee[s

mejkeÀejer jesK³eeb®³ee Guee{eueerJejerue GlHeVe

Flej GlHeVe

efveuesxefKele yeg[erle keÀpee&leerue Jemegueer

yeg[erle Je mebMeef³ele keÀpe& efveOeerleerue HejleeJee

2 1,66,72,07 1,34,31,49

3 5 5

4 9,24,16 6,59,23

5 1,42,83 85,95

6 96,92 1,41,06

7 17,28,34 14,12,75

8 1,29,77 26,09

9 1,41,96 3,09,71

Heg{erue HeeveeJej 4,85,01,12 3,80,25,10

31 cee®e&Je<e& DeKesjerme

2012 31 cee®e&Je<e& DeKesjerme

2011

19

31 cee®e& 2012 DeKesjKe®e&

21)

De) yeg[erle Je mebMeef³ele keÀpes&

) yeg[erle Je mebMeef³ele keÀpee&®eer lejleto 7,25,00 6,25,00

) iegbleJeCegkeÀer®³ee mLeeveeblejeJejerue Iemeeje 4,65,80 50,44

) Flej ceeuecellesJejerue lejleto 500 0

ye) efJeMes<e efveOeer (Dee³ekeÀj keÀe³eoe, 1961- keÀuece 36(1)( DevJe³es) 3,75,00 4,25,00

keÀ)De@ceesìe&³ePesMeve Dee@HeÀ keÀe@mì Dee@HeÀ De@keÌJee³e[& yeBkeÌmed

veJepeerJeve veeiejer menkeÀejer ye@BkeÀ efue. 57,16 58,33

Þeer meodieg© pebieueer cenejepe menkeÀejer ye@BkeÀ efue. 2,41,20 5,36,94

[) GlHeeokeÀ efpeboieermeeþer mebYeeJ³e lejleto 2,25,00 1,00,00

22)

De)Dee³ekeÀj 27,05,17 24,00,00

ye) ef[HeÀ[& ì@keÌme (2,30,88) (1,37,33)

60,09,34 49,57,59

ceeieerue HeeveeJeªve 3,79,23,33 2,90,09,13

lejlegoer Je mebYeeJ³e osCeer

keÀj HetJe& veHeÀe 84,83,63 72,20,26

efveJJeU veHeÀe

SketÀCe 4,85,01,12 3,80,25,10

i

ii

iii

viii)

Þeer. efJe. De. JewMebHee³eve

- meb®eeuekeÀ -

.

GHeeO³e#e

Þeer. Yee. Jee. oeles

meew. He¨ee yee. De³³ej, Þeer. ce. Oe. Keglee[s, Þeer. j. Keg. keÀveeveer, Þeer. meer. veboieesHeeU cesveve, Þeer. Òe. o. þeketÀj,meew. De je. DeeHeìs, Þeer. j. Keg. DeiejJeeue, Þeer. vee. o. ceeb[ies, Þeer. efJe. ce. HelkeÀer, Þeer. efJeveesokegÀceej yevmeue

DeO³e#e

31 cee®e&Je<e& DeKesjerme

2012 31 cee®e&Je<e& DeKesjerme

2011

2041st Annual Report

41 Jee Jeeef<e&keÀ DenJeeue

mebHeuesu³ee Je<ee&®es veHeÀe-leesìe He$ekeÀpecee

ceeieerue HeeveeJeªve 4,85,01,12 3,80,25,10

SketÀCe 4,85,01,12 3,80,25,10

31 cee®e&Je<e& DeKesjerme

2012 31 cee®e&Je<e& DeKesjerme

2011( npeejele)`

21

Deece®³ee ³ee®e leejKes®³ee DenJeeueevegmeej

®eeì&[& DekeÀeTvììmed

Yeeieeroej

cesb.veb.042744

heÀce& veb.104355

peesMeer Je keÀjboerkeÀj

Þeer. efJe. ce. keÀjboerkeÀj

w

JewOeeefvekeÀ uesKeeHejer#ekeÀ

ìer pes Smed yeer menkeÀejer yeBkeÀ efueefceìs[ keÀefjlee

Þeer.me.j. GleskeÀjcegK³e keÀe³e&keÀejer DeefOekeÀejer

Jeeef<e&keÀ meJe&meeOeejCe meYes®³ee cebpegjer DeOeerve

60,09,37 49,57,65

SkeÀtCe 60,09,47 49,57,78

JewOeeefvekeÀ jeKeerJe efveOeer 15,02,50 24,42,25

meJe&meeOeejCe efveOeer 19,59,90 5,00,00

iegbleJeCetkeÀ ®e{ Gleej efveOeer 5,00,00 4,50,00

YeeieOeejkeÀebme ueeYeebMe 15 9,50,00 7,20,00

Oecee&oe³e efveOeer-1 60,09 49,57

meYeemeo keÀu³eeCe efveOeer 10,00 10,00

efMe#eCe efveOeer -1 60,09 49,57

mebYeeJ³e osCeerr lejleto - 10 6,01,50 4,95,76

3,65,29 2,40,50

leeUsyeboele Jeie& kesÀuesuee veHeÀe 10 13

@ %

%

%

%

keÀce&®eejer meevegie´n efveOeer

31 cee®e& 2012 DeKesj mebHeuesu³ee31 cee®e&

jespeer2012 31 cee®e& 2011

jespeerleHeMeerue

Þeer. efJe. De. JewMebHee³eve

- meb®eeuekeÀ -

.

GHeeO³e#e

Þeer. Yee. Jee. oeles

meew. He¨ee yee. De³³ej, Þeer. ce. Oe. Keglee[s, Þeer. j. Keg. keÀveeveer, Þeer. meer. veboieesHeeU cesveve, Þeer. Òe. o. þeketÀj,meew. De je. DeeHeìs, Þeer. j. Keg. DeiejJeeue, Þeer. vee. o. ceeb[ies, Þeer. efJe. ce. HelkeÀer,

DeO³e#e

Þeer. efJeveesokegÀceej yevmeue

2241st Annual Report

41 Jee Jeeef<e&keÀ DenJeeue

veHeÀe 60,09,34 49,57,59

ceeieerue Je<e&e®ee veHeÀe 13 19

SkeÀtCe 60,09,47 49,57,78

Je<ee&®es veHeÀe leesìe JeeìCeer Keeles31 cee®e&

jespeer2012 31 cee®e& 2011

jespeer

23

Deece®³ee ³ee®e leejKes®³ee DenJeeueevegmeej

®eeì&[& DekeÀeTvììmed

Yeeieeroej

cesb.veb.042744

heÀce& veb.104355

peesMeer Je keÀjboerkeÀj

Þeer. efJe. ce. keÀjboerkeÀj

w

JewOeeefvekeÀ uesKeeHejer#ekeÀ

ìer pes Smed yeer menkeÀejer yeBkeÀ efueefceìs[ keÀefjlee

Þeer.me.j. GleskeÀjcegK³e keÀe³e&keÀejer DeefOekeÀejer

leHeMeerue

( npeejele)`

31 cee®e& 2012 ®eeYeeb[Jeue Je osCeer HeefjefMe<ì

1) 72,10,06 55,11,08

2) 4,24,01,21 3,73,87,31

3) 43,44,97,11 34,71,58,14

) 2,55,69,47 1,97,34,86

) 49,89,05 17,15,19

) 0 0

) 50,48,52 54,28,33

) 18,43,53 14,11,64

) 2,01,12,37 1,66,59,47

) 29,29,50 26,31,13

) 10 13

2,88,28,58 1,60,30,38

Yeeie Yeeb[Jeue

jeKeerJe Je Flej efveOeer

þsJeer Je Flej Keeleer

4 Iesleuesueer keÀpesx

5 Flej osCeer Jemegueer®eer efyeues (³esCes yeepetÒeceeCes)

6 MeeKee pegUJeCeer

7 LekeÀerle J³eepe lejleto

8 osCes J³eepe

9 Flej osCeer

10 De@ceesìe&³ePesMeve efjPeJe&

11 veHeÀe / leesìe

SketÀCe 54,46,00,92 43,76,37,28

mebYeeJ³e osCeer

A

B

C

D

E

F

G

P

31 cee®e&jespeer

2012 31 cee®e& 2011jespeer

Þeer. efJe. De. JewMebHee³eve

- meb®eeuekeÀ -

.

GHeeO³e#e

Þeer. Yee. Jee. oeles

meew. He¨ee yee. De³³ej, Þeer. ce. Oe. Keglee[s, Þeer. j. Keg. keÀveeveer, Þeer. meer. veboieesHeeU cesveve, Þeer. Òe. o. þeketÀj,meew. De je. DeeHeìs, Þeer. j. Keg. DeiejJeeue, Þeer. vee. o. ceeb[ies, Þeer. efJe. ce. HelkeÀer, Þeer. efJeveesokegÀceej yevmeue

DeO³e#e

2441st Annual Report

41 Jee Jeeef<e&keÀ DenJeeue

leeUsyeboHeefjefMe<ìefpeboieer Je ³esCeer

1 2,65,97,24 2,26,89,89

2 5,10,49,17 4,68,09,12

3 0 0

4 16,22,57,01 13,55,26,81

5 26,40,18,35 19,91,87,06

6

De) iegbleJeCegkeÀ Je keÀce&®eejer keÀpesx 67,26,47 55,62,39

ye) yeg[erle Je mebMeef³ele keÀpee&Jejerue (osCes yeepet ÒeceeCes) 50,48,52 54,28,33

7 38,82 62,88

8 49,89,05 17,15,19

9 61,62,72 49,09,40

10 2,38,47 8,44,85

11 1,45,45,60 1,16,12,44

12 29,29,50 32,88,92

jesKe Je yeBkesÀleerue efMeuuekeÀ

yeBkeÀebceOeerue pecee

ceeieCeer ³eesi³e þsJe/meeryeerSuedDees uesWssef[bie

iegbleJeCetkeÀ

efouesueer keÀpes&

³esCes J³eepe

MeeKee pegUJeCeer

Flej osCeer Jemegueer®eer efyeues (osCes yeepetÒeceeCes)

mLeeJejceeueceÊee

Yeeb[Jeueer Ke®e& (Òeuebefyele)

Flej efpeboieer

keÀe@mì Dee@HeÀ De@efkeÌJeefPeMeve

SketÀCe 54,46,00,92 43,76,37,28

H

I

J

K

L

M

N

O

31 cee®e&jespeer

2012 31 cee®e& 2011jespeer

( npeejele)`

25

Deece®³ee ³ee®e leejKes®³ee DenJeeueevegmeej

®eeì&[& DekeÀeTvììmed

Yeeieeroej

cesb.veb.042744

heÀce& veb.104355

peesMeer Je keÀjboerkeÀj

Þeer. efJe. ce. keÀjboerkeÀj

w

JewOeeefvekeÀ uesKeeHejer#ekeÀ

ìer pes Smed yeer menkeÀejer yeBkeÀ efueefceìs[ keÀefjlee

Þeer.me.j. GleskeÀjcegK³e keÀe³e&keÀejer DeefOekeÀejer

HeefjefMe<ì - Yeeb[Jeue

HeefjefMe<ì jeKeerJe Je Flej efveOeer

SketÀCe 4,24,01,21 3,73,87,31HeefjefMe<ì þsJeer Je Flej Keeleer

SketÀCe 2,61,26,79 2,42,02,37

SketÀCe 9,17,05,20 8,82,78,14

SketÀCe 30,86,38,10 22,81,95,19

SketÀCe (1 2 3 4) 43,44,97,11 34,71,58,14

A

B -

C -

+ + +

DeefOekeÀ= le Yeeb[Jeue (4,00,00,000 Yeeie Òel³eskeÀer 50/- ®es) 2,00,00,00 2,00,00,00

YejCee Peeuesues Yeeb[Jeue (1,44,20,126 Yeeie Òel³eskeÀer 50/- ®es) 72,10,06 55,11,08

) JewOeeefvekeÀ jeKeerJe efveOeer 2,02,14,06 1,86,02,59

) Fceejle efveOeer 24,00,00 24,00,00

) yeg[erle Je mebMeeff³ele keÀpe& efveOeer 87,76,08 85,81,22

) GlHeeokeÀ efEpeoieermeeþer mebYeeJ³e lejleto 9,49,90 7,24,90

) iegbleJeCetkeÀ ®e{-Gleej efveOeer 42,24,46 37,24,46

) iegbleJeCetkeÀ Iemeeje efveOeer 0 4,46,46

) meYeemeo keÀu³eeCe efveOeer 1,03,38 98,16

) meJe&meeOeejCe efveOeer 24,59,90 5,00,00

) Fceejle Hegvecet&u³eebkeÀve efveOeer 32,54 53,13

) efJeMes<e efveOeer (Dee³ekeÀj keÀe³eoe, 1961 keÀuece 36(1)( DevJe³es) 13,53,00 9,78,00

) yeg[erle Je mebMeeq³ele iegbleJeCegkeÀermeeþer lejleto 44,35 44,35

Oecee&oe³e efveOeer 60,81 52,81

mebYeeJ³e efveOeer 17,82,73 11,81,23

1 ®eeuet þsJeer

) Jew³eefkeÌlekeÀ þsJeeroej 2,59,72,27 2,40,89,96

) Flej meesmee³eìerped 1,54,52 1,12,41

2 ye®ele þsJeer

) Jew³eefkeÌlekeÀ þsJeeroej 8,84,75,65 8,53,11,15

) Flej meesmee³eìerped 32,29,55 29,66,99

3 cegole þsJeer

) Jew³eefkeÌlekeÀ þsJeeroej 29,78,68,14 22,01,22,58

) Flej meesmee³eìerped 1,07,69,96 80,72,61

4 cegoleHetCe& cegole þsJeer 80,27,02 64,82,44

`

`

iiiiiiivvviviiviiiixx viii)xixii)xiii)

iii

iii

iii

HeefjefMe<ì31 cee®e&

jespeer2012 31 cee®e& 2011

jespeer

2641st Annual Report

41 Jee Jeeef<e&keÀ DenJeeue

HeefjefMe<ì - Iesleuesueer keÀpesx61,58,78

SketÀCe 2,55,69,47 1,97,34,86HeefjefMe<ì - Flej osCeer

SketÀCe 2,01,12,37 1,66,59,47

HeefjefMe<ì - De@ceesìe&³ePesMeve efjPeJe&

SketÀCe 29,29,50 26,31,13

D

E

F

je<ì^er³e DeeJeeme ye@BkesÀkeÀ[tve keÀpe& 90,81,42

meeryeersSuedDees 1,94,10,69 1,06,53,44

cegole þsJeerJejerue keÀpe& 0 0

) Jew³eefkeÌlekeÀ þsJeeroej efkeÀjkeÀesU osCeer (meb[^er ¬esÀ[erìme&) 2,05,08 1,05,80

) mej®eepe& HesSyeued (kemegueer) 8 22

) osCeer Ke®ee&®eer lejleto 5,65,84 2,42,39

) DeeieeT JeìCeeJeU(cegêebkeÀ MegukeÀ)/DeeieeT J³eepe(ieÉn keÀpesx) 42,38 5,13

) Hes mueerHe HesSyeued 12,42,91 28,30,53

) [^eHeÌì HesSyeued 26,80 32,06

) MesDej memHesWme/ veececee$e meYeemeo MegukeÀ 1,73 1,27

) iegbleJeCegkeÀerJejerue IemeeN³eemeeþer mebYeeJ³e lejleto 8,67,83 0

) ìer. [er. Smed. HesSyeued 76,24 52,00

) mesJee keÀj HesSyeued 16,84 17,18

) ueesve efkeÌueDejerRie De@[pesmìcesWì 6,38 8,22

) Dee³ekeÀj lejleto 86,20,38 59,32,38

) os³e ueeYeebMe 10,09,29 7,91,79

) MesDeme& keÀueskeÌMeve DekeÀeGvì (De@keÌJee@³e[& ye@BkeÌmed ) 10,40,77 10,40,77

) Flej ceeueceÊesmeeþer lejleto 48,46,89 48,41,89

) Sced Je@ì HesSyeued 1,78 0

) keÀce&®eejer meevegie´n efveOeer 3,65,29 2,46,52

) keÀce&®eejer ³esCes J³eepe lejleto 12 5

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veJepeerJeve veeiejer menkeÀejer ye@BkeÀ efue. 2,98,76 2,41,59

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efpeune ceO³eJelee&r menkeÀejer yeBkeÀ 8 3

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jep³e / efpeune ceO³eJelee&r menkeÀejer yeBkeÀ cegole þsJeer 1,00 1,00

mìsì yeBkeÀ DeeefCe Flej je<ì^er³eerke=Àle yeBkeÀe cegole þsJeer 2,95,30,75 2,60,67,00

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mejkeÀejer leejCeHe$es 13,66,92,74 11,06,74,63

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2841st Annual Report

41 Jee Jeeef<e&keÀ DenJeeue

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efJevee leejCe keÀpesx 14,70,03 12,96,22

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yeg[erle Je mebMeef³ele keÀpesx (ceeieerue Je<eera - 25,44,62) 26,06,35

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mejkeÀejer Je Flej leejCe keÀpesx 2,26,11 1,84,77

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efJevee leejCe keÀpesx 19,18,83 15,33,29

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mejkeÀejer Je Flej leejCe keÀpesx 1,05,14 82,05

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efJevee leejCe keÀpesx 10,13,85 6,44,51

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yeg[erle Je mebMeef³ele keÀpesx (ceeieerue Je<eera - 23,03,31) 25,88,27

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3041st Annual Report

41 Jee Jeeef<e&keÀ DenJeeue

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efkeÀjkeÀesU ³esCeer 44,99 3,54

uesKeve meecegûeer 91,53 63,89

Deveecele jkeÌkeÀce 1,26,49 1,04,67

ve JeeHejuesues mì@cHmed 1,29 75

mesJeekeÀj / mesveJn@ì ³esCes 54,00 8,56

peeiesmeeþer Deveecele jkeÌkeÀce 3,37,80 2,25,02

DeeieeT ÖeÀb@keÀerRie Ke®e& 1,29,78 1,63,59

ef[HeÀ[& ì@keÌme De@mesì 4,56,89 2,26,01

0 19,14

DeeieeT kesÀuesuee Ke®e& 74,10 54,36

DeeieeT Yejuesuee Dee³ekeÀj 83,41,51 58,75,63

Dev³e ³esCeer 45,33 16,26

Flej ceeueceÊee 48,41,89 48,41,89

Flej efpeboieer 0 913

veJepeerJeve veeiejer menkeÀejer ye@BkeÀ efue. 2,98,76

Þeer meodieg© pebieueer cenejepe menkeÀejer ye@BkeÀ efue. 26,30,74 29,86,93

ye@BkeÀ nceer He$es 94,16,92 69,09,45

Hele He$es 94,60,09 63,98,43

He@ÀejJe[& SkeÌme®eWpe keÀe@vì^@keÌmed 99,51,57 27,22,50

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HeefjefMe<ì31 cee®e&

jespeer2012 31 cee®e& 2011

jespeer

( npeejele)`

31

Year ended31 Mar 2012

Year ended31 Mar 2011

PROFIT AND LOSS ACCOUNT FOR

E X P E N D I T U R E

(1) Interest on Deposits and Borrowings 2,90,58,50 2,11,39,93

(2) Salaries and allowances 31,68,13 31,35,07

(3) Directors and local committee members’ fees 1,77 2,01

(4) Rent, Rate, Taxes, Insurance and Lighting 18,61,11 11,84,11

(5) Legal and Professional Charges 77,36 79,29

(6) Postage, Telegrams and Telephone Charges 2,15,81 1,71,54

(7) Travelling and Conveyance 1,16,75 74,59

(8) Audit Fees 89,92 86,82

(9) Repairs and Maintenance 3,30,29 2,34,27

(10) Depreciation on Fixed Assets 11,76,59 10,29,05

(11) Amortisation of Premium on Securities 2,76,59 3,08,11

(12) 1,15,21 1,04,10

(13) Advertisement 3,84,94 3,58,45

(14) Loss on sale of Assets 16,89 75

(15) Bank charges 1,29,74 96,97

(16) Clearing and Encoding Charges 59,68 51,19

(17) Security Charges 1,88,65 1,50,04

(18) Contractual Expenses 67,66 74,97

(19) Other Expenses 4,45,78 4,18,16

(20) Bad debts Written Off 1,41,96 3,09,71

Printing and Stationery

Balance c/f 3,79,23,33 2,90,09,13

3241st Annual Report

41 Jee Jeeef<e&keÀ DenJeeue

( in Thousands)`

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

Interest on Advances 2,86,65,02 2,19,58,77

Interest on Investments 1,66,72,07 1,34,31,49

Dividend on shares 5 5

Commission, Exchange and Brokerage 9,24,16 6,59,23

Rent on Safe Deposit Lockers 1,42,83 85,95

Income from sale of securities 96,92 1,41,06

Other Income 17,28,34 14,12,75

Written off Bad Debts recovered 1,29,77 26,09

BDDR Written Back 1,41,96 3,09,71

Balance c/f 4,85,01,12 3,80,25,10

THE YEAR ENDED 31ST MARCH 2012

I N C O M E

33

Year ended31 Mar 2012

Year ended31 Mar 2011

PROFIT AND LOSS ACCOUNT FOR

E X P E N D I T U R E

Balance b/f 3,79,23,33 2,90,09,13

PROVISIONS AND CONTINGENCIES

(22) PROFIT BEFORE TAX 84,83,63 72,20,26

NET PROFIT

TOTAL 4,85,01,12 3,80,25,10

(21)

A) Bad & Doubtful Debts

i) Amount Provided for Bad and Doubtful Debts 7,25,00 6,25,00

ii) Expenditure Provision & Contingencies 4,65,80 50,44

iii) Provision for Miscellaneous Assets 5,00 0

B) Special Reserve (u/s 36(1) (viii) of Income Tax Act, 1961) 3,75,00 4,25,00

C) Amortisation of Cost of Acquired Banks

Navjeevan Nagari Sahakari Bank Ltd. 57,16 58,33

Shree Sadguru Jangli Maharaj Sahakari Bank Ltd. 2,41,20 5,36,94

D) Contingent Provision against Standard Assets 2,25,00 1,00,00

Income Tax 27,05,17 24,00,00

Deferred Tax (2,30,88) (1,37,33)

60,09,34 49,57,59

Shri V. A. VaishampayanCHAIRMAN

Shri B. V. DateVICE CHAIRMAN

- Directors

Mrs. P. B. Iyer, Shri M. D. Khutade, Shri R. K. Kanani, Shri C. N. Menon, Shri P. D. Thakur,Mrs. A. R. Apte, Shri R. K. Agarwal, Shri N. D. Mandge, Shri V. M. Patki, Shri Vinodkumar Bansal

-

34

Year ended31 Mar 2012

Year ended31 Mar 2011

41st Annual Report

41 Jee Jeeef<e&keÀ DenJeeue

( in Thousands)`THE YEAR ENDED 31ST MARCH 2012

I N C O M E

Balance b/f 4,85,01,12 3,80,25,10

TOTAL 4,85,01,12 3,80,25,10

35

As per our report of even date annexedForChartered Accountants

JOSHI & KARANDIKAR For TJSB Sahakari Bank Limited

Shri V. M.KarandikarPartnerStatutory AuditorsMem. No. 042744Firm Reg. No. 104355w

Shri S. R. UtekarChief Executive Officer

Year ended31 Mar 2012

Year ended31 Mar 2011

PROFIT AND LOSS APPROPRIATION ACCOUNT

P A R T I C U L A R S

Appropriations subject to AGM approval

60,09,37 49,57,65

NET PROFIT CARRIED TO BALANCE SHEET

TOTAL 60,09,47 49,57,78

Statutory Reserve Fund 15,02,50 24,42,25

General Reserve 19,59,90 5,00,00

Investment Fluctuation Reserve 5,00,00 4,50,00

Dividend to Shareholders @ 15% 9,50,00 7,20,00

Charitable Fund - 1% 60,09 49,57

Members Welfare Fund 10,00 10,00

Co-operative Education Fund - 1% 60,09 49,57

Contingency Reserve - 10% 6,01,50 4,95,76

Ex-Gratia to Employees 3,65,29 2,40,50

10 13

36

Shri V. A. VaishampayanCHAIRMAN

Shri B. V. DateVICE CHAIRMAN

- Directors

Mrs. P. B. Iyer, Shri M. D. Khutade, Shri R. K. Kanani, Shri C. N. Menon, Shri P. D. Thakur,Mrs. A. R. Apte, Shri R. K. Agarwal, Shri N. D. Mandge, Shri V. M. Patki, Shri Vinodkumar Bansal

-

Year ended31 Mar 2012

Year ended31 Mar 2011

41st Annual Report

41 Jee Jeeef<e&keÀ DenJeeue

( in Thousands)`FOR THE YEAR ENDED 31ST MARCH 2012

P A R T I C U L A R S

Profit 60,09,34 49,57,59

Profit of last year 13 19

TOTAL 60,09,47 49,57,78

b/f

37

As per our report of even date annexedForChartered Accountants

JOSHI & KARANDIKAR For TJSB Sahakari Bank Limited

Shri V. M.KarandikarPartnerStatutory AuditorsMem. No. 042744Firm Reg. No. 104355w

Shri S. R. UtekarChief Executive Officer

Year ended31 Mar 2012

Year ended31 Mar 2011

CAPITAL & LIABILITIES ScheduleAs on

31 Mar 2012As on

31 Mar 2011

(1) 72,10,06 55,11,08

(2) 4,24,01,21 3,73,87,31

(3) 43,44,97,11 34,71,58,14

(4) 2,55,69,47 1,97,34,86

(5) 49,89,05 17,15,19

(as per Contra)

(6) 0 0

(7) 50,48,52 54,28,33

(8) 18,43,53 14,11,64

(9) 2,01,12,37 1,66,59,47

(10) 29,29,50 26,31,13

(11) 10 13

2,88,28,58 1,60,30,38

CAPITAL A

RESERVE FUND AND OTHER RESERVES B

DEPOSITS AND OTHER ACCOUNTS C

BORROWINGS D

BILLS FOR COLLECTIONBEING BILLS FOR RECEIVABLE

BRANCH ADJUSTMENTS

OVERDUE INTEREST RESERVE

INTEREST PAYABLE

OTHER LIABILITIES E

AMORTISATION RESERVE F

PROFIT & LOSS G

GRAND TOTAL 54,46,00,92 43,76,37,28

CONTINGENT LIABILITIES P

BALANCE SHEET AS ON

38

Shri V. A. VaishampayanCHAIRMAN

Shri B. V. DateVICE CHAIRMAN

- Directors

Mrs. P. B. Iyer, Shri M. D. Khutade, Shri R. K. Kanani, Shri C. N. Menon, Shri P. D. Thakur,Mrs. A. R. Apte, Shri R. K. Agarwal, Shri N. D. Mandge, Shri V. M. Patki, Shri Vinodkumar Bansal

-

41st Annual Report

41 Jee Jeeef<e&keÀ DenJeeue

31ST MARCH 2012

PROPERTY & ASSETS Schedule As on31 Mar 2012

As on31 Mar 2011

(1) 2,65,97,24 2,26,89,89

(2) 5,10,49,17 4,68,09,12

(3) 0 0

(4) 16,22,57,01 13,55,26,81

(5) 26,40,18,35 19,91,87,06

(6)(a) on Investments and Staff Loan 67,26,47 55,62,39(b) on Advances (considered bad & doubtful 50,48,52 54,28,33

of recovery) (as per Contra)

(7) 38,82 62,88

(8) 49,89,05 17,15,19

(as per Contra)

(9) 61,62,72 49,09,40

(10) 2,38,47 8,44,85

(11) 1,45,45,60 1,16,12,44

(12) 29,29,50 32,88,92

CASH AND BANK BALANCES H

BALANCES WITH OTHER BANKS I

MONEY AT CALL & SHORT NOTICE/CBLO

INVESTMENTS J

ADVANCES K

INTEREST RECEIVABLE

BRANCH ADJUSTMENTS

BILLS RECEIVABLEBEING BILLS FOR COLLECTION

FIXED ASSETS M

CAPITAL WORK IN PROGRESS

OTHER ASSETS N

COST OF ACQUISITION O

GRAND TOTAL 54,46,00,92 43,76,37,28

L

As per our report of even date annexedForChartered Accountants

JOSHI & KARANDIKAR For TJSB Sahakari Bank Limited

Shri V. M.KarandikarPartnerStatutory AuditorsMem. No. 042744Firm Reg. No. 104355w

Shri S. R. UtekarChief Executive Officer

( in Thousands)`

39

As on31 Mar 2012

As on31 Mar 2011

SCHEDULES

SCHEDULE A - CAPITAL

SCHEDULE B - RESERVE FUND AND OTHER RESERVES

Total 4,24,01,21 3,73,87,31

Authorised Capital

4,00,00,000 Shares of 50/- each 2,00,00,00 2,00,00,00Issued, Subscribed and Paid-up Capital

1,44,20,126 Shares of 50/- each 72,10,06 55,11,08

i) Statutory Reserve 2,02,14,06 1,86,02,59ii) Building Fund 24,00,00 24,00,00iii) Bad & Doubtful Debts Reserve 87,76,08 85,81,22iv) Contingent Provision Against Standard Assets 9,49,90 7,24,90v) Investment Fluctuation Reserve 42,24,46 37,24,46vi) Investment Depreciation Reserve 0 4,46,46vii) Members Welfare Fund 1,03,38 98,16viii) General Reserve 24,59,90 5,00,00ix) Building Revaluation Reserve 32,54 53,13x) Special Reserve u/s 36 (1) ,53,00 9,78,00xi) Provision for Bad & Doubtful Investments 44,35 44,35xii) Charitable Fund 60,81 52,81xiii) Contingency Reserve 17,82,73 11,81,23

`

`

(viii) of Income Tax Act 1961 13

i) Individuals 2,59,72,27 2,40,89,96

ii) Other societies 1,54,52 1,12,41

i) Individuals 8,84,75,65 8,53,11,15

ii) Other societies 32,29,55 29,66,99

i) Individuals 29,78,68,14 22,01,22,58

ii) Other societies 1,07,69,96 80,72,61

80,27,02 64,82,44

SCHEDULE C - DEPOSITS AND OTHER ACCOUNTS

I Current Deposits

Total 2,61,26,79 2,42,02,37

II Savings Deposits

Total 9,17,05,20 8,82,78,14

III Term Deposits

Total 30,86,38,10 22,81,95,19

IV Matured Deposits

Total (I+II+III+IV) 43,44,97,11 34,71,58,14

( in Thousands)`

4041st Annual Report

41 Jee Jeeef<e&keÀ DenJeeue

As on31 Mar 2012

As on31 Mar 2011

SCHEDULES

SCHEDULE D - BORROWINGS

Total 2,55,69,47 1,97,34,86

SCHEDULE E - OTHER LIABILITIES

Total 2,01,12,37 1,66,59,47

SCHEDULE F - AMORTISATION RESERVE

Total 29,29,50 26,31,13

i) Refinance from National Housing Bank 61,58,78 90,81,42

ii) CBLO Borrowings 1,94,10,69 1,06,53,44

iii) Overdraft against Fixed Deposit 0 0

i) Sundry Creditors 2,05,08 1,05,80

ii) Surcharge Payable (Recovery) 8 22

iii) Provision for Expenses 5,65,84 2,42,39

iv) Advance comm. on franking / Advance int. recd. on Hsg. Loan 42,38 5,13

v) Payslip Payable 12,42,91 28,30,53

vi) Draft Payable 26,80 32,06

vii) Share Suspense / Nominal Membership fee 1,73 1,27

viii) Contingent Provision for Depreciation in Investments 8,67,83 0

ix) TDS Payable 76,24 52,00

x) Service Tax Payable 16,84 17,18

xi) Loan Clearing Adjustment / Clearing Adjustment 6,38 8,22

xii) Provision for Income Tax 86,20,38 59,32,38

xiii) Unclaimed Dividend 10,09,29 7,91,79

xiv) Share Collection Account - [ Acquired Banks ] 10,40,77 10,40,77

xv) Provision for Miscellaneous Assets 48,46,89 48,41,89

i) Navjeevan Nagari Sahakari Bank Ltd. 2,98,76 2,41,59

ii) Shree Sadguru Jangli Maharaj Sahakari Bank Ltd. 26,30,74 23,89,54

xvi) MVAT Payable 1,78 0

xvii) Ex-gratia 3,65,29 2,46,52

xviii) Staff Interest Reserve Account 12 5

xix) NFS Settlement Account 38,85 36,06

xx) Provision for Leave Encashment 3,88,20 4,25,64

xxi) Co-operative Education Fund 60,09 49,57

xxii) Forex Deal Revaluation Provision 15,30 0

xxiii) Balance with correspondents - EEFC A/c 6,73,30 0

( in Thousands)`

41

As on31 Mar 2012

As on31 Mar 2011

SCHEDULES

SCHEDULE G - PROFIT & LOSS

SCHEDULE H - CASH AND BANK BALANCES

Total 2,65,97,24 2,26,89,89

SCHEDULE I - BALANCES WITH OTHER BANKS

Total 5,10,49,17 4,68,09,12

SCHEDULE J - INVESTMENTS

Total 16,22,57,01 13,55,26,81

Refer to Profit and Loss Appropriation Account and Notein Notes to Accounts

i) Cash in Hand 21,14,95 23,20,96

Current Deposits

ii) Balances with Reserve Bank of India 2,19,09,58 1,92,58,71

iii) Balances with SBI and Nationalised Banks 8,78,80 3,85,20

iv) Balances with State Co-operative Bank 17 10

v) Balances with District Central Co-operative Banks 8 3

vi) Balances with other Banks 8,13,93 5,97,11vii) Balances with Banks abroad 8,79,73 1,27,78

i) Fixed Deposit with State / District Central Co-op Banks 1,00 1,00

ii) Fixed Deposit with SBI and Nationalised Banks 2,95,30,75 2,60,67,00

iii) Fixed Deposit with other Banks 2,15,17,42 2,07,41,12

i) Government Securities 13,66,92,74 11,06,74,63

ii) Other Trustee Securities 0 0

iii) Shares in other Co-op. Institutions 44,69 44,69

iv) Bonds & NCDs 2,55,19,58 2,33,66,48

v) Certificate of Deposits 0 14,41,01

( in Thousands)`

4241st Annual Report

As on31 Mar 2012

As on31 Mar 2011

SCHEDULES

SCHEDULE K - ADVANCES

I Short term loans, cash credits, overdrafts and bills discounted

Total (I) 10,98,79,15 7,33,86,57

II Medium Term Loans of which secured against

Total (II) 4,67,76,84 3,79,21,97

III Long Term Loans of which secured against

Total (III) 10,73,62,36 8,78,78,52

Total (I)+(II)+(III) 26,40,18,35 19,91,87,06

SCHEDULE L - INTEREST RECEIVABLE

Total 67,26,47 55,62,39

a) Govt. and Other Approved Securities 3,71,45 4,74,82

b) Other Tangible Securities 10,80,37,67 7,16,15,53

c) Unsecured Advances / Surety Loans with or withoutCollateral Securities 14,70,03 12,96,22

Of the advances, amount due from individuals[P.Y. 83,23,97] 1,28,69,43

Of the advances, amount overdue [P.Y. 30,98,73] 53,42,05

Considered Bad and Doubtful of recovery [P.Y. 25,44,62] 26,06,35

[Fully Provided for]

a) Govt. and Other Approved Securities 2,26,11 1,84,77

b) Other Tangible Securities 4,46,31,90 3,62,03,91

c) Unsecured Advances / Surety Loans with or withoutCollateral Securities 19,18,83 15,33,29

Of the advances, amount due from individuals[P.Y. 1,12,78,51] 1,69,04,87

Of the advances, amount overdue [P.Y. 24,34,48] 20,64,90

Considered Bad and Doubtful of recovery [P.Y. 19,63,91] 17,58,39

[Fully Provided for]

a) Govt. and Other Approved Securities 1,05,14 82,05

b) Other Tangible Securities 10,62,43,37 8,71,51,96

c) Unsecured Advances / Surety Loans with or withoutCollateral Securities 10,13,85 6,44,51

Of the advances, amount due from individuals[P.Y. 4,34,45,16] 4,94,28,33

Of the advances, amount overdue [P.Y. 24,58,65] 32,94,32

Considered Bad and Doubtful of recovery [P.Y. 23,03,31] 25,88,27

[Fully Provided for]

i) On Investments 62,80,19 51,22,70

ii) On Staff Housing Loans 4,46,28 4,39,69

`

`

`

`

`

`

`

`

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( in Thousands)`

41 Jee Jeeef<e&keÀ DenJeeue43

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4441st Annual Report

41 Jee Jeeef<e&keÀ DenJeeue

As on31 Mar 2012

As on31 Mar 2011

SCHEDULES

SCHEDULE N - OTHER ASSETS

Total 1,45,45,60 1,16,12,44

SCHEDULE O - COST OF ACQUISITION

Total 29,29,50 32,88,92

SCHEDULE P - CONTINGENT LIABILITIES

Total 2,88,28,58 1,60,30,38

i) Sundry Debtors 44,99 3,54

ii) Stock of Stationery 91,53 63,89

iii) Security Deposits 1,26,49 1,04,67

iv) Unused Stamps 1,29 75

v) Service Tax / CENVAT Receivable 54,00 8,56

vi) Deposit for Premises 3,37,80 2,25,02

vii) Advance for franking 1,29,78 1,63,59

viii) Deferred Tax Asset 4,56,89 2,26,01

ix) Forex deal revaluation provision 0 19,14x) Prepaid Expenses 74,10 54,36

xi) Advance Income Tax 83,41,51 58,75,63

xii) Other Receivables 45,33 16,26

xiii) Miscellaneous Assets 48,41,89 48,41,89xiv) Forex current assets 0 9,13

(i) Navjeevan Nagari Sahakari Bank Ltd. 2,98,76 3,01,99

(ii) Shree Sadguru Jangli Maharaj Sahakari Bank Ltd. 26,30,74 29,86,93

i) Bank Guarantees 94,16,92 69,09,45ii) Letter of Credit 94,60,09 63,98,43iii) Forward Exchange Contracts 99,51,57 27,22,50

( in Thousands)`

45

I. :

A.

B.

C.

Summary of significant accounting policies

Basis of preparation:

Use of Estimates:

Investments:

The financial statements of the Bank have been prepared in

accordance with the generally accepted accounting principles in

India. The Bank has prepared these financial statements to

comply in all material respects with the accounting standards

issued by the Institute of Chartered Accountants of India (ICAI),

to the extent applicable, and applicable statutory provisions

under the Banking Regulation Act, 1949 & Multi State Co-

operative SocietiesAct, 2002.

The financial statements have been prepared following the going

concern concept on an accrual basis under the historical cost

convention, except for land and building acquired on merger

with Navjeevan Nagari Sahakari Bank Ltd, Pune which is carried

at revalued amount.

The accounting policies adopted in the current year are

consistent with those of previous year, except of change in

accounting policy as explained in notes forming part of

Accounts.

The presentation of financial statements are in conformity with

generally accepted accounting principles, requires management

to make estimates and assumptions that affect the reported

amounts of assets, liabilities, revenues and expenses and the

disclosure of contingent liabilities at the end of the reporting

period.Although these estimates are based on management's best

knowledge of current event and actions, uncertainty about these

assumptions and estimates could result in outcomes requiring a

material adjustment to the carrying amounts of assets or

liabilities in the future periods.

1. Investments other than in those held against Term Deposits

with Banks / Institutions / Mutual Fund / Certificate of Deposits

and Shares of Co-op Institutions are classified into “Held for

Trading” (HFT), “Available for Sale” (AFS) and “Held to

Maturity” (HTM) categories in accordance with the Reserve

Bank of India (RBI) guidelines on Classification and Valuation

of Investments for Primary (Urban) Co-operative Banks.

2. Investments under “Held to Maturity” (HTM) category are

carried at Book Value. The premium paid, if any, on the

investments under this category is amortised over the residual

life of the security as per guidelines of RBI and Policy adopted by

Bank.

3. Investments under Available for Sale category are valued

scrip-wise at lower of Cost or Market Value. Net depreciation, if

any, under each classification has been provided for. Net

appreciation, if any, has been ignored.

4. Market Value, where market quotes are not available, is

determined on the basis of the “Yield to Maturity” (YTM)

method as indicated by Primary Dealers Association of India

(PDAI) jointly with the Fixed Income and Money Market

Derivatives Association of India (FIMMDA). Appreciation/

Depreciation are aggregated for each class of securities and net

depreciation in aggregate for each category as per RBI guidelines

is charged to Profit and Loss account. Net appreciation, if any, is

ignored.

5. The Bank is not holding any investments under Held for

Trading (HFT) category.

The Bank started its foreign exchange operations w.e.f. July 19,

2010 as authorized dealer underAD Category-I licence issued by

RBI and the following accounting policy has been adopted by the

bank for recording foreign currency transaction:

1. All foreign exchange transactions are accounted for at the

ongoing market rates prevailing on the date of transactions.

Monetary foreign currency assets and liabilities reflected in the

Balance sheet on the date are at the rates notified by Foreign

Exchange Dealers Association of India (FEDAI). All

profits/losses due to revaluations are recognised in the Profit &

Loss account.

2. The Outstanding spot and forward contracts are revalued at

the rates notified by FEDAI. The resulting profits/losses are

included in Profit & Loss account as per FEDAI/RBI guidelines.

3. The Contingent liabilities on account of foreign exchange

contracts and other obligations denominated in foreign currency

are disclosed at closing rates of exchange declared by FEDAI.

1. The classification of advances into Standard, Sub-standard,

Doubtful and Loss assets as well as provisioning on Standard

Advances and Non-Performing Advances has been arrived at in

accordance with the Income Recognition, Assets Classification

D.

E.

Foreign Exchange Transactions:

Advances:

Notes to financial statements for the year ended 31 March, 2012st

and Provisioning Norms prescribed by the Reserve Bank of India

from time to time till date.

2. The unrealized interest in respect of advances classified as

Non-Performing Assets is disclosed as “Overdue Interest

Reserve” as per Reserve Bank of India directives.

1. Premises, Furniture & Fixtures, Plant & Machinery and

Capital Expenditure on Rental premises are depreciated on

Written down Value method.

2. The stamp duty and registration fees paid for premises

acquired on lease are expensed out to Profit and Loss account.

3. Computers & Peripherals are depreciated on Straight Line

method @ 33.33% as directed by RBI. Computers & Peripherals

used for providing technological services are depreciated over

the period of contract.

4. Vehicles are depreciated at 30% on straight line basis.

5. The depreciation on assets acquired prior to 1st October is

provided for the whole year otherwise the same are depreciated

at 50% of the normal rates except depreciation on vehicles which

is provided for full year in the year of acquisition irrespective of

date of acquisition.

Income is accounted on accrual basis as and when it is earned

except for:

1. The income on Non-Performing Assets is recognized on

realisation as per Reserve Bank of India directives.

2. The commission on Letters of Credit / Guarantees, locker

rent and Dividends received from shares of co-operative

institutions and mutual funds are accounted on receipt basis.

3. The deposit for services like Telephone, Electricity etc. paid

to concerned authorities are written off as expenditure in the year

in which the relevant service, connection is installed.

1. The payment of Provident Fund is made to the

Commissioner for Provident Fund at rates prescribed in the

Employees Provident Fund and Miscellaneous Provisions Act,

1952 and is accounted for on accrual basis.

2. The bank has provided for leave encashment as per actuarial

valuation as on March 31, 2012.

3. The bank has taken Unit Linked Insurance policy from

F.

G.

H.

FixedAssets:

Revenue recognition:

Employee Benefits:

HDFC and is maintaining fund under trust deed with Life

Insurance Corporation of India (LIC) for gratuity payments to

employees. The premium / contribution paid to HDFC and LIC

to meet gratuity liability is debited to Profit & Loss account.

4. Ex-Gratia is appropriated out of Net profit in accordance

with the Multi-State Co-operative SocietiesAct, 2002.

Operating lease payments are recognized as an expense in the

Profit & Loss account on a straight line basis over the lease term.

1. Tax expense comprises of current and deferred tax. Current

Income Tax is measured on the basis of estimated taxable income

for the year in accordance with the provisions of Income TaxAct,

1961 and rules framed thereunder.

2. Deferred income tax reflect the impact of timing differences

between taxable income and accounting income originating

during the current year and reversal of timing differences for

earlier year. Deferred tax is measured using tax rates and tax laws

enacted or substantially enacted at reporting date. Deferred tax

liabilities are recognized for all taxable timing differences.

Deferred tax assets are recognized for deductible timing

differences only to the extent that there is reasonable certainty

that sufficient future taxable income will be available against

which such deferred tax assets can be realized.

In accordance with the guidelines issued by RBI, Segment

Reporting is made as under :

1. Treasury includes all investment portfolio, profit / loss on

sale of investments, profit / loss on foreign exchange

transactions, equities and money market operations. The

expenses of this segment consist of interest expenses on funds

borrowed from external sources as well as internal sources and

depreciation /amortisation of premium on investments.

2. Other banking operations include all other operations not

covered under Treasury Operations.

Basic earnings per share are calculated by dividing the net profit

for the period after tax (after appropriation of Statutory

Reserves) by weighted average number of equity shares

outstanding during the period.

I.

J.

K.

L.

Lease payment:

Taxes on Income :

Segment Reporting:

Earnings per share:

41 Jee Jeeef<e&keÀ DenJeeue47

Reserve Fund

General Reserve

Investment Fluctuation Reserve

Dividend to Shareholders

Charitable Fund

Members Welfare Fund

Co-operative Education Fund

Contingency Reserve

Ex-Gratia to Employees

ParticularsRegrouped figures

as on March 31, 2011

Figures as per BalanceSheet as on

March 31, 2011

1,86,02,59,234

5,00,00,000

37,24,46,000

7,91,79,327

52,81,000

98,15,817

49,57,000

11,81,23,000

2,46,51,944

1,61,60,34,229

-

32,74,46,000

71,79,327

3,24,000

88,15,817

-

6,85,47,000

6,01,944

In the past, the bank had been following the practice of

accounting for the appropriation of the profits of the respective

year in the subsequent financial year after their approval at the

Annual General Meeting (AGM). The effects of these

appropriations were thus included in the Financial Statements of

the next financial year. To provide the shareholders a true and fair

value on the face of the Balance Sheet of Reserves, other funds

and liabilities as on the date of Balance Sheet, the Bank has

changed the previous practice of disclosure and given effect to

the funds to the appropriation of profits for the current year in the

financial statements for the year ended March 31, 2012 itself,

subject to approval at theAGM.

For the sake of comparison, the appropriation of profits for the

year ended March 31, 2011 (which was duly approved by the

shareholders in the 40 AGM held on June 5, 2011) have been

reported in the previous year's column of the Financial

Statements for the current year, as per the revised practice,

through appropriate regroupings. The current year's regrouped

figures as on March 31, 2011, vis-à-vis reported figures in

previous year's Balance Sheet as on March 31, 2012 are shown

below -

II.

A.

Notes to financial statements for the year ended 31

March, 2012

Appropriation of Profit:

st

ProposedAppropriations :

th

B. Tangible FixedAssets:

1. :

a.

The assets used for Information Technology services are given to

other Banks and they are capitalised under the category

“Computers & peripherals”. The tenure of the services varies

from contract to contract. In order to match the revenue earned to

the cost of depreciation, the Bank has changed the policy to

charge depreciation over the period of the contract as against

earlier policy of charging depreciation @ 33.33% on a straight

line basis.

Had the Bank continued with the earlier policy of charging

depreciation @ 33.33% on a straight line basis, the debit to Profit

and Loss account before tax would have been higher by 5.67

lacs and correspondingly the WDV of fixed assets under the head

“Computers & peripherals” would have been lower by 5.67

lacs.

b.

The earlier policy of the Bank was to charge depreciation on

vehicles acquired prior to 1 October for the whole year and to

charge depreciation at 50% of the normal rates on vehicles

acquired after 1 October.

However, during the year 2011-12, the bank changed the policy

and depreciation is charged for the whole year in the year of

acquisition, irrespective of the date of purchase before or after 1

October.

Had the Bank continued to use the earlier policy of charging

depreciation on vehicles @ 50% of the normal rates for assets

acquired after October 1 then, the debit to Profit and Loss

account before tax would have been lower by 4.24 lacs and

correspondingly the WDV of fixed assets under the head

“Vehicles” would have been higher by 4.24 lacs.

2. The fixed asset block for “Plant and Machinery” includes

proportionate share paid by the Bank aggregating to 108.00

lacs for jointly controlled assets at 'TJSB House' alongwith the

Change in accounting policies

Depreciation for assets used for Information Technology

services provided to other Banks:

Depreciation on Vehicles:

`

`

`

`

`

st

st

st

st

Sr. No. Particulars Amount in `

Net Profit for F.Y.2011-12 60,09,34,193.21

Previous year balance 13,185.94

Total Profit available for appropriation 60,09,47,379.15

Appropriations

1 Reserve Fund 15,02,50,000.00

2 General Reserve 19,59,90,000.00

3 Investment Fluctuation Reserve 5,00,00,000.00

4 Dividend to Shareholders – 15 %- Pro-rata 9,50,00,000.00

5 Charitable Fund – 1 % 60,09,342.00

6 Members Welfare Fund 10,00,000.00

7 Co-operative Education Fund-1% 60,09,342.00

8 Contingency Reserve-10% 6,01,50,000.00

9 Ex-Gratia to Employees 3,65,29,000.00

Balance carried to next year 9,695.15

TOTAL 60,09,47,379.15

4841st Annual Report

Gross Block Opening Balance

Add : Additions during the year

Less : Write off / Sale

Total Gross Block Closing Balance

Amortisation Opening Balance

Add : Additions during the year

Less : Write off / Sale

Total Amortisation

Net Closing Balance

6,27,16,961.88

1,21,40,236.60

-

7,48,57,198.48

4,51,61,963.49

1,11,98,377.13

-

5,63,60,340.62

1,84,96,857.86

4,23,70,967.21

2,03,64,244.67

18,250.00

6,27,16,961.88

3,53,58,438.56

98,21,774.93

18,250.00

4,51,61,963.49

1,75,54,998.39

March 31, 2012 March 31, 2011

other owners of the building. The written down value of the said

assets as at March 31, 2012 is 81.00 lacs.

The fixed asset block for “Computers & peripherals” includes

Computer Software. The details of which are as follows:

(Amount in )

Computer software is amortised @33.33% on straight line

method as per the directives of RBI.

The said block of “Computers & peripherals” includes banking

applications developed by Neorithm Technologies Inc.

aggregating to 23,62,736 (Previous year 39,37,579). The

Intellectual Property Rights (IPR) of the applications is jointly

owned by the bank and Neorithm Technologies Inc.

During the year, Bank has shifted securities from Available for

Sale category to Held to Maturity category and also from Held to

Maturity category to Available for Sale category. In accordance

with RBI norms, transfer of securities is done at acquisition cost/

book value / market value on the date of transfer, whichever is

least, and the depreciation of 44,43,000 (Previous year

50,44,000) on such transfer is charged to Profit and Loss account.

During the year, Bank has sold securities held under AFS

category. The profit of 96,91,922 (Previous year 1,41,06,000)

on sale has been credited to Profit and Loss account in

accordance with RBI guidelines.

Fixed Deposits with other Banks include deposits aggregating to

27,09,16,762 (Previous year 21,32,12,342) lodged as margin

money to secure overdraft limits / issuance of guarantees in

respect of correspondent business. Overdraft limits to meet

liquidity risk are secured by fixed deposits of 34,00,00,000

(Previous year 169,95,00,000)

During the FY.2007-08, the Bank had acquired The Navjeevan

Nagari Sahakari Bank Ltd, Pune and Shree Sadguru Jangli

`

`

` `

` `

` `

` `

`

`

C.

D. :

E. :

Intangible FixedAssets:

Investments

Effects to Cost ofAcquisition of Merged Banks

Maharaj Sahakari Bank Ltd, Pune. In accordance with the

merger order passed by the Office of the Commissioner for Co-

operation and Registrar of Co-operative Societies, M.S. State,

Pune 411 001 dated July 16, 2007 and August 18, 2007

respectively and 'No Objection Certificate' issued by the RBI.

The effects to Cost of acquisition and Amortisation Reserve for

the F.Y.2011-12 are as under:(Amount in )

Prior period expenses debited to Profit and Loss account are as

follows:

Prior period incomes credited to Profit and Loss account are as

follows:

Bank has contributed 2,04,65,901 (Previous year

1,76,53,764) towards Provident Fund.

Actuarial assessment of Gratuity Fund & Leave encashment :

F. :

G. :

`

`

`

Prior Period items

Employee Benefits

41 Jee Jeeef<e&keÀ DenJeeue

Particulars Shree Sadguru JangliMaharaj Sahakari Bank

Ltd. (SSJMSB)

The Navjeevan NagariSahakari Bank Ltd

(NNSB)

Cost of Acquisition as onApril 01, 2011

29,86,92,911.63 3,01,99,000.82

Net Adjustments on settlement /closure of assets / liabilities

(3,56,18,679.00) (3,23,404.00)

Cost of Acquisition as on

March 31, 2012

26,30,74,232.63 2,98,75,596.82

Amortisation Reserve as onApril 01, 2011

23,89,54,328.73 2,41,59,201.14

Amortisation for F.Y.2011-12 2,41,19,903.90 57,16,395.68

Amortisation Reserve as on

March 31, 2012

26,30,74,232.63 2,98,75,596.82

Particulars Amount in `

Incentive to Employees 4,59,264

Forex Deal Provision Spot / Swap 16,03,654

Municipal Taxes 26,87,209

Lease rent 2,03,72,228

Provision for Leave Bank Scheme 16,31,924

Total 2,67,54,279

Particulars

Interest on Investment

Commission Income

Depreciation on Computer Peripherals

Depreciation on Land & Building (impact of

transfer of depreciation to revaluation reserve)

IT Consultancy income

Total

Amount in `

47,789

1,77,922

2,42,481

16,97,939

6,000

21,72,131

49

GratuiParticulars

31st March

2012

I Assumptions

Discount Rate 8.60%Rate of increase in compensation 5.00%

LeaveEncashment

31st March

2012

8.60%5.00%

s &

ty

4,25,64,488.00

33,61,688.00

48,66,465.00(41,24,437.00)

(78,48,506.00)

3,88,19,698.00

-

-

-41,24,437.00

(41,24,437.00)

--

LeaveEncashment

31st March

2012II Changes in present value of

obligationsPresent Value of Obligation as on

April 1, 2011

8,66,94,809.00

Interest Cost 67,50,512.00

Current Service Cost 73,93,139.00Benefits paid (1,07,26,687.00)

Actuarial (gain)/loss on obligation 4,53,926.00

Present Value of Obligation as onMarch 31, 2012

9,05,65,699.00

Changes in fair value of planassets

Fair Value of Plan assets as onApril 1, 2011

9,99,68,854.00

Adjustment to opening plan assets -

Expected Return on plan asset 85,34,700.00Contributions 4,50,000.00

Benefit Paid (1,07,26,687.00)

Actuarial gain/ (loss) on plan assets 27,98,619.00Fair value of Plan Assets as on

March 31, 2012

10,10,25,486.00

III

ParticularsGratuity

31st March

2012

H. :

I. :

J. :

Related party Disclosures

Deferred TaxAsset

Impairment ofAssets

The Bank is a co-operative society under the Multi-State Co-

operative Societies Act, 2002 and there are no Related Parties

requiring a disclosure under theAccounting Standard – 18, issued

by the ICAI, other than Key Management Personnel, viz. Mr.

Satish R. Utekar, the Chief Executive Officer (CEO) of the Bank

for F.Y.2011-12. However in terms of RBI circular dated March

29, 2003, the CEO being a single party coming under the

category, no further details therein need to be disclosed.

The Deferred tax asset as at March 31, 2012 and break-up of

components are as follows:(Amount in )

There is no material impairment of any of assets in the opinion of

the Bank and as such no provision under Accounting Standard -

28 issued by ICAI is required.

`

K. :

Notes

L. : 27/-

M. :

Segment Reporting (as perAS17)as at March 31, 2012

Earnings per Share (EPS)

Capital Commitment

1. The Bank is catering only to Indian customers, operates as a

single unit in India, hence separate information regarding

geographical segment is not given.

2. The above segments are reported considering the nature of the

products /services under attributable risk/returns, overall

organisational structure and internal management reporting

system of the Bank.

3. The previous year's figures are indicated in brackets.

At March 31, 2012, estimated amount of contracts remaining to

be executed on capital accounts amount to 2,15,33,073

(Previous year 2,46,81,346).

`

`

`

Particulars

Deferred tax Asset

as atMarch 31, 2011

Addition /

(Reversal) duringthe year

Deferred tax Asset

as at March 31,2012

Depreciation on Assets 32,76,703 1,36,28,932 1,69,05,635

Leave Encashment 13,152,427 (11,57,140) 1,19,95,287

Voluntary RetirementScheme 61,71,814 21,89,039 83,60,853

Lease Rent Payable - 84,26,942 84,26,942

Net Deferred Tax Asset as

at March 31, 20122,26,00,944 2,30,87,773 4,56,88,717

ParticularsTreasury

& Forex

Other Banking

OperationsTotal

Segment Revenue 1,74,78,15 3,10,22,97 4,85,01,12

(1,39,37,15) (2,40,87,95) (3,80,25,10)

Segment Result 30,24,99 61,55,66 91,80,65

(34,75,24) (47,88,97) (82,64,21)

Unallocated Expenses - - 6,97,02

( 10,43,95)

Net Profit before Income Tax - - 84,83,63

and Appropriations (72,20,26)

Income Tax - - 24,74,29

(22,62,67)

Net Profit before Appropriations - - 60,09,34

(49,57,59)

Segment Assets 23,52,52,29 29,76,20,73 53,28,73,02

(19,48,38,92) (23,34,07,80) (42,82,46,72)

Unallocable Assets - - 1,17,27,90

(93,90,56)

Total Assets - - 54,46,00,92

(43,76,37,28)

Segment Liabilities 23,27,91,00 24,85,98,62 48,13,89,62

(19,88,43,79) (18,52,08,83) (38,40,52,62)

Unallocable Liabilities - - 6,32,11,30

(5,35,84,66)

Total Liabilities - - 54,46,00,92

(43,76,37,28)

( in Thousands)`

5041st Annual Report

41 Jee Jeeef<e&keÀ DenJeeue

N. :Disclosure as per RBI Guidelines

(` In Lacs)

ParticularsYear ended

March 31, 2012

Year ended

March 31, 2011

1 Movement of CRAR

a Capital Tier 1 35,419.85 29,623.53

b Capital Tier 2 7,836.38 6,157.62

c Total of Tier 1 and Tier 2 Capital 43,256.23 35,781.15

d Total Risk Weighted Assets 287,782.49 228,739.88

e Capital to Risk Assets Ratio 15.03% 15.64%

2 Investments

a Book Value 162,257.01 134,085.79

b Face Value 162,363.29 133,556.99

c Market Value 158,790.61 132,856.24

3 Advance Against

a Real Estate 1,502.48 2,056.50

b Construction Business 4,646.36 4,738.95

c Housing 36,194.42 33,241.76

4 Advance against Shares & Debentures 2.09 4.50

5Advance to Directors, their relatives, companies firms in which

they are interested:

a Fund Based

i Outstanding at the beginning of the year 63.49 188.10

ii Additions during the year 160.93 24.13

iii Recovery during the year 0 148.74

iv Outstanding at the end of the year 224.42 63.49

b Non Fund based (Guarantees, L/Cs etc) 0 0

Note: Amounts pertains to loans to Directors against Term Deposits

6 Average Cost of Deposits 7.09% 6.30%

7 NPAs

a Gross NPAs 6,953.01 6,811.83

b Net NPAs 0 0

8 Movement in NPAs

I Gross NPAs

a Opening Balance 6,811.83 7,782.91

b Additions during the year 1,957.53 3,356.01

c Less: Closed / Recovered / Written Off 1,816.35 4,327.09

d Closing Balance 6,953.01 6,811.83

II Net NPAs

a At the beginning of the year 0 0

b At the end of the year 0 0

Sr. no.

Disclosure norms in terms of RBI circular dt. 30th October, 2002

Note: Previous year's ratio has been recalculated based on RBI circular no. UBD.BPD.(PCB).Cir.No.42 /

09.11.600 / 2009-10 dated February 8, 2010

51

(` In Lacs)

ParticularsYear ended

March 31, 2012

Year ended

March 31, 2011Sr. no.

Disclosure norms in terms of RBI circular dt. 30th October, 2002

9 Profitability :

d Return on Average Assets 1.29% 1.30%

e Business (Deposits + Advances) per employee 829.59 704.05

f Profit per employee 7.14 6.39

10 Movements in provisions for Advances

a Bad and Doubtful debt Reserve

Opening Balance 8,581.22 8,388.61

Provisions during the year 725.00 625.00

Less:Closed / Recovered / Written Off 141.96 309.71

Less:Adjusted against cost of acquisition of merged bank 122.68

Closing Balance 8,776.08 8,581.22

b Contingent Provision against Standard Assets

Opening Balance 724.90 624.90

Additions during the year 225.00 100.00

Closing Balance 949.90 724.90

11 Movements in provisions for Investments (*)

I Provision for Bad and doubtful Investment

Opening Balance 44.35 44.35

Additions during the year (*) 0 0

Closing Balance 44.35 44.35

ii Contingent provision for depreciation in Investment

Opening Balance 0 0

Additions during the year (*) 867.83 0

Closing Balance 867.83 0

iii Investment Depreciation Reserve

Opening Balance 446.46 946.46

Transfer to Expenditure-Provisions & Contingencies (*) (500.00)

Closing Balance 0 446.46

12 I Foreign Currency Liabilities 1,967.71 5.14

ii Foreign Currency Assets 4,034.12 218.56

13 DICGC Premium paid upto Sep-12 Sep-11

( In Lacs)`

44.43

867.83

912.26

(446.46)

465.80

Amount credited to Investments on account of categorisation from AFS to HTM

(Less): Amount written back from Investment Depreciation Reserve

Provision as per P&L - Expenditure Provision & Contingencies

(*) Expenditure Provision & Contingencies

Particulars

Contingent Provision for depreciation in Investment

a Interest income as a percentage of avg. working funds 9.73% 9.25%

b Non Interest Income as a percentage of average working Fundc Operating Profit as a percentage of Average working Fund

0.65% 0.61%

2.25% 2.34%

388.18

52

(446.46)

41st Annual Report

41 Jee Jeeef<e&keÀ DenJeeue

Disclosure as per RBI master Circular No. UBD.BPD.(PCB).MC.No.8/16.20.000/2006-07

dated 12thJuly, 2006

ii) Non Performing Non-SLR investments

(` In Lacs)

44.35

0.00

0.00

44.35

44.35

Opening Balance

Additions during the year since 1st April

Reductions during the above period

ii) Interest Rate Future (as per RBI Circular UBD(PCB)BPD Cir No.17/13.01.000/2009-10 October 28, 2009. The bank has notundertaken any transaction during the Financial Year 2011-12

Closing balance

Total Provision held

iii) Repo Transactions ( In Lacs)`

Minimumoutstanding

during the year

Maximumoutstanding during

the year

Daily averageoutstanding

during the year

Outstanding as

on 31.03.2012

Nil 4433.33 111.08

Nil Nil Nil

Securities sold under Repo

Securities Purchased under Reverse Repo

Particulars

Nil

Nil

Restructured Advances( In Lacs)`

Housing LoansSME Debt

RestructuringOthers

No. of Borrower

Amount outstanding

Sacrifice (diminution in the fair value)

No. of Borrowers

Amount outstanding

Sacrifice (diminution in the fair value)

No. of Borrowers

Amount outstanding

Sacrifice (diminution in the fair value)

No. of Borrowers Nil Nil

Amount outstanding Nil Nil

Sacrifice (diminution in the fair value) Nil Nil

Standard advances restructured

Sub standard advances restructured

Doubtful advances restructured

TOTAL

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

53

( In Lacs)`i) Composition of Non-SLR investments - Bonds & NCDs

No. IssuerExtent of belowInvestment grade

Securities

Extent of UnratedSecurities

Extent ofUnlisted

Securities

1 PSUs

2 FIs

3 Nationalised Banks

4 Others

5 Provision Held towards depreciation

Total

1768.10

12985.00

4000.00

25564.27

0.00

0.00

0.00

0.00

6811.17

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

(1) (2) (3) (4) (5) (6)

Amount

0.00

0.00

0.00

0.00

0.00

0.000.00

Capital charge on Market risk:

Market risk in Trading book - Standardised Modified

DurationApproach:

Strategies and Processes :

Scope and Nature of Risk Reporting / Measurement

Systems:

Qualitative disclosures

(a) The general qualitative disclosure requirement for market

risk

Investment Policy which includes Market Risk Management

is in line with the RBI regulations vide circular

UBD.BPD.(PCB). Cir. No. 42/09.11.600/2009-10 dated

Februa ry 8 , 2010 and bus iness requ i remen t s

The overall objective of market risk management is to enhance

profitability by improving the bank's competitive advantage

and mitigate loss from all types of market risk loss events.

The Bank has regulatory / internal limits for various

Instruments in place.

Various exposure limits for market risk management such as

Overnight limit, VaR limit, Aggregate Gap limit, Investment

limit etc. are in place The portfolio covered by Standardised

Modified Duration Approach for computation of Capital

charge for Market Risk includes investment portfolio held

underAFS and Forex Open positions

O. :Contingent Liabilities

1. All letters of credit / guarantees are sanctioned to customers

with approved credit limits in place. The liability thereon is

dependent on terms of contractual obligations, devolvement,

raising demand by concerned parties and the amount being called

up. These amounts are collateralized by margins, counter-

guarantees and secured charges.

2. The Bank has filed writ petition in the High Court against an

NATax demand of 31,06,680 raised in the year 2005. The Bank

has paid an amount of 27,64,655 under protest. The amount paid

`

`

to the authorities is accounted as an expense in the Profit and Loss

account.

3. The Bank has filed writ petition in High Court in respect of

Property Tax on rental premises at Thane (East), Vartaknagar and

Wagle estate challenging the fixation of rateable value. The Bank

has made payment of property tax assessed by Corporation

aggregating to 1,06,91,199 under protest. The amount paid to

the authorities is accounted as an expense in the Profit and Loss

account. The outcome of the petitions being uncertain, hence the

bank is unable to quantify any further liability which may arise.

4. Three cases have been filed against Bank by ex-employees

and twenty-five by borrowers and other. The liability contingent

thereon is not quantifiable at present.

5. The Bank has appealed before the Commissioner of Income

Tax (Appeals) against an order passed by the Assistant

Commissioner of Income Tax for the Assessment Year 2009-10

towards demand aggregating to 2,83,62,054. The bank is of

opinion that the said demand is not sustainable as similar

demands of earlier years were awarded in favour of the bank.

Hence, no additional liability is recognised in the financial

statements.

The bank has reclassified previous year figures to confirm to this

year's classification.

`

`

P. :Previous year figures

For Joshi & Karandikar For TJSB Sahakari Bank Ltd

Mr. Vinod M. Karandikar Mr. Satish R. Utekar

Membership No. 042744

Firm Reg. No.104355W

Statutory Auditors

Date: April 10, 2012

Chartered Accountants

Partner Chief Executive Officer

Quantitative disclosures:

ParticularsAmount of Capital

Required (`In Lacs)

The capital requirements for:

� Interest rate risk 1900.22

� Equity position risk 0.00

� Foreign exchange risk 22.50

5441st Annual Report

41 Jee Jeeef<e&keÀ DenJeeue

To,

The Members of TJSB SAHAKARI BANK LIMITED

Report on the Financial Statements

Management's Responsibility for the Financial Statements

Auditor's Responsibility

Opinion

(Under Section 31 of the Banking RegulationAct, 1949 & Section

73(4) of Multi State Co-operative Societies Act, 2002 & Rule 27

of Multi State Co-operative Societies Rules, 2002)

We have audited the accompanying financial statements of TJSB

SAHAKARI BANK LIMITED, which comprise the Balance

Sheet as at March 31, 2012, and the Statement of Profit and Loss

and Cash Flow Statement for the year then ended, and a summary

of significant accounting policies and other explanatory

information.

Management is responsible for the preparation of these financial

statements in accordance with the Multi-State Co-operative

Societies Act, 2002, and rules made there under and the Banking

Regulations Act, 1949 (as applicable to the Co-operative Banks).

This responsibility includes the design, implementation and

maintenance of internal control relevant to the preparation of the

financial statements that are free from material misstatement,

whether due to fraud or error.

Our responsibility is to express an opinion on these financial

statements based on our audit. We conducted our audit in

accordance with the 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 misstatement.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 judgment, including

the assessment of the risks of material misstatement of the

financial statements, whether due to fraud or error. In making

those risk assessments, 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. 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.

Subject to our comments and observations contained in Part A, B

and C of Audit Memorandum enclosed herewith, in our opinion

and to the best of our information and according to the

explanations given to us, the financial statements read with

Significant Accounting Policies and Notes thereon give all the

information required by the Multi-State Co-operative Societies

Act, 2002, and rules made there under and by the Banking

Regulations Act, 1949 (as applicable to the Co-operative Banks)

in the manner so required and give a true and fair view in

conformity with the accounting principles generally accepted in

India:

(a) in the case of the Balance Sheet, of the state of affairs of the

Bank as at March 31, 2012;

(b) in the case of the Profit and Loss Account, of the profit for

the year ended on that date; and

(c) in the case of the Cash Flow Statement, of the cash flows

for the year ended on that date.

Subject to our comments and observations contained in the Audit

Report of even date, we report that:

1) The schedules giving the particulars referred to in Rule 27(3)

(a), (b), (c), (d), (e) and (f) to the extent applicable are attached to

this report.

2) (a)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.

(b) In our opinion, proper books of accounts as required by Rule

27 of the Multi State Co-operative Societies Rules, 2002, the bye

laws and the law have been kept by the bank, so far as it appears

from our examination of those books and proper returns adequate

for the purpose of our audit have been received from the branches

of the bank.

(c) The Balance Sheet, Profit and Loss Account and Cash Flow

Statement dealt with by this report are in agreement with books of

accounts.

(d) The transactions of the Bank, which have come to our notice,

have generally been within the competence of the Bank and are in

compliance with RBI guidelines / directives.

Report on Other Legal and Regulatory Requirements

STATUTORY AUDIT REPORT OF THE TJSB SAHAKARI BANK LTD.

Head Office I - 401, Guruprasad, Opp. Garden Nursery, B. Patil Road, Near Charai Cross, Charai, Thane, (W) – 400601Tel: 25361821 / 25337803, e-mail: joshikarandikar@gmail.com

JOSHI & KARANDIKAR

For JOSHI AND KARANDIKARCHARTERED ACCOUNTANTS

Firm Reg No. – 104355W

Vinod M. KarandikarPartner

M. No. 042744Statutory Auditors

Place: ThaneDated: 10/04/2012

55

CHARTERED ACCOUNTANTS

CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2012

( in Thousands)`

31.03.2012 31.03.2012 31.03.2011 31.03.2011

A Cash Flow From Operating Activities

Net Profit as per Profit and Loss Account 60,09,34 49,57,59

Add :

27,05,16 24,00,00

7,25,00 6,25,00

Contingent Prov against Standard Assets 1,00,00

Special Reserve 3,75,00 4,25,00

Amortisation Reserve for Cost of Acquisition 5,95,27

1,689 75

Amortisation of Premium on Securities 3,08,12

Provision for Miscellaneous Assets -

Depreciation on investments 50,44

Depreciation on Fixed Assets 62,69,39 10,29,05 55,33,62

Less :

Foreign Exchange Rate fluctuation Gain onSwap / Spot Forex deals (34,40) 19,14

Profit on Sale of Investments 1,41,06

Deferred Tax Asset 2,30,88 2,93,40 1,37,33 2,97,53

Adjustments for :

Increase in Deposits 6,71,85,25

Increase / (Decrease) in Other Liabilities 13,93,35

Increase in Advances (3,15,88,79)

Increase in Other Assets (8,99,99)

Increase in Investments (2,55,46,64)

Income Tax Paid during the year (94,00,37) (27,32,85) 78,10,33

Cash Generated from Operating Activities 25,84,96 1,80,04,01

Loss on Sale of assets

Income Tax

Provision for Bad & Doubtful Debts

2,25,00

2,98,36

2,76,59

5,00

46,580

11,76,59

96,92

8,73,38,98

(3,27,41)

(6,50,02,02)

(13,95,52)

(2,75,31,35)

(24,83,05)

5641st Annual Report

41 Jee Jeeef<e&keÀ DenJeeue

31.03.2012 31.03.2012 31.03.2011 31.03.2011

B Cash Flow From Investing Activities

Purchase of Fixed Assets (19,86,22)

Sale of Fixed Asset 1,50,97

Cash Generated from Investing Activities (18,61,02) (18,35,25)

C Cash Flow From Financing Activities

Share Capital issued 15,02,17

Increase in Borrowings 4,59,56

Dividends paid during the year (4,53,96)

Cash Generated from Financing Activities 68,46,40 15,07,77

D Net Increase in Cash & Cash Equivalentsduring 2011-12 (A+B+C) 75,70,34 1,76,76,53

E Cash & Cash Equivalents at the beginning ofthe year

6,73,66,89 4,96,90,36

Cash & Cash Equivalents at the end of theyear (D+E)

7,49,37,23 6,73,66,89

Break-up of Cash & Cash EquivalentsAs at

31.03.2012As at

31.03.2011

Cash 21,14,94 23,20,96

Balances with Other Banks 2,44,82,29 2,03,68,93

Fixed Deposits 4,83,40,00 4,46,77,00

Total 7,49,37,23 6,73,66,89

For TJSB Sahakari Bank Ltd.As per our report of even date

For Joshi & KarandikarChartered Accountants

Shri S. R. Utekar Shri Vinod M. KarandikarCHIEF EXECUTIVE OFFICER Partner

Mem. No. 042744Firms Reg. No.104355WDate : 10.04.2012

( inThousands)`

(18,74,51)

13,49

16,98,99

58,34,61

(6,87,20)

CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2012

57

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meb®eeuekeÀ ceb[Ue®eer 01.04.2011 les 31.03.2012 ³ee keÀeUeleerue GHeefmLeleer

6041st Annual Report

DEPOSITS

20

39

.17

23

47

.05

27

99

.73

34

71

.58 43

44

.97

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

2008 2009 2010 2011 2012

` in Crores ADVANCES

12

85

.46

15

06

.62

16

79

.08

19

91

.88 2

64

0.1

8

0

500

1000

1500

2000

2500

3000

2008 2009 2010 2011 2012

` in Crores

BUSINESS-MIX6

98

5.1

5

54

63

.45

44

78.8

1

38

53

.67

33

24

.63

0

1000

2000

3000

4000

5000

6000

7000

8000

2008 2009 2010 2011 2012

` in Crores CAPITAL ADEQUACY

14

.63

14

.74

15

.47

15

.64

15

.03

5

10

15

20

2008 2009 2010 2011 2012

%

6.67

0

6.36

0

4.64

0

3.42

0

2.63

0

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012

GROSS NPA NET NPA

GROSS NPA & NET NPA

%OWNED FUNDS

49

6.1

1

42

8.9

8

33

1.0

2

30

8.7

1

26

8.8

7

0

100

200

300

400

500

600

2008 2009 2010 2011 2012

` in Crores