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JAMIA CO-OPERATIVE BANK LTD.Rishta Yaqeen Ka

19th Annual Report1

www.jamiacoopbank.com

Mr. M.F.H. Beg, the founder of Jamia Cooperative Bank Ltd., was a very eminent person. He was highly respected by the people for service rendered to the society in general and to the people of Jamia Nagar in particular. He was well known for his honesty, integrity and devotion to the cause of the weaker sections of the Society. He breathed his last on May 6,2015 at Fortis Escorts Hospital at the age of seventy-nine years. The members of his family were beside him at the time of his demise. He is survived by his wife, four sons and two daughters.

Mr. M.F.H. Beg was born at Azamgarh on January 10,1936. He received his early education at Azamgarh and subsequently shifted to Delhi for higher education at Jamia Millia Islamia, New Delhi. He did his graduation from Jamia Millia Islamia in 1961 and obtained a Diploma in Cooperative Secretaryship from the Delhi Cooperative Union in 1964. He served the Jamia Millia Islamia for a short period and then joined Delhi Govt. Service from which he retired in 1997 as a Gazetted Officer. Even while he was in service, he devoted himself to social work. He found that people staying in Jamia Nagar had acute shortage of dwelling units. He, therefore, formed Dr. Zakir Husain Memorial Cooperative Group Housing Society which constructed 204 flats in a regularized colony called Zakir Bagh which is duly approved by the Government. He devoted himself to the cause of education for all to uplift the uneducated poor masses and established M.A. Beg Girls School and M.A. Beg Degree College at Azamgarh. He started B.T.C., B.Ed., Diploma in Computer Science, Diploma in Electronics and Diploma in Urdu Courses in the College established by him. He also established The Voice of Azamgarh for the transmission of knowledge and information to the peasantry in the region. He was also the President of Maulana Azad Inter College and Kidwai Girls Inter College at Azamgarh. He championed the cause of girls' education. Inspired by Dr. Zakir Husain, he believed that ̀ if you educate a boy, you educate an individual but if you educate a girl, you educate a family'. He devoted himself to uplift the poor irrespective of caste, creed and colour and was an ardent champion of secularism. He was a symbol of humility and known for his compassion and generosity. He impressed everybody with his intellect and arguments. He maintained that people can make progress through mutual cooperation by joining the Cooperative Movement initiated by Pandit Jawahar Lal Nehru. He believed passionately in the Cooperative movement and felt that Cooperative Banks, many of whose members comprise the weaker sections of society, could be of great benefit through provision of loans for education, business and housing, to such people. He received the Eminent Cooperator award twice from the Govt. of Delhi. He was also a member of TAFCUB, North India, and highly valued by the Federation of Cooperative Banks in Delhi. His services to the society and especially to Jamia Cooperative Bank will continue to be remembered in the times to come.

His body was laid to rest in the Jamia Nagar graveyard on May 7, 2015, in the presence of thousands of people. His funeral procession was joined by many prominent persons like Mr. Sirajuddin Qureshi, President, India Islamic Cultural Centre, Dr. Farooque, Chairman, Himalya Drugs Co., Maulana Bilal Thanvi, Maulana Abrarul Haque, Mr. Javed Ali (M.P.), Mr. Zafar Mehmood, Chairman, Zakat Foundation of India, Prof. Asad Ali, Prof Akhtarul Wasey, Mr. Atul Kumar Anjan, Mr. Habib Faqiih and many other important persons. A meeting to condole his sad demise was held on May 9, 2015 at India Islamic Cultural Centre in which many prominent persons including Mr. Sirajuddin Qureshi, Mr. Salman Khursheed and Mr. Justice M.S.A. Siddiqui expressed their grief.

The Board of Directors, Jamia Cooperative Bank Ltd, at its meeting held on May,13,2015 decided to name in memory of late Mr. M.F.H. Beg the existing Human Resource Centre as M.F.H. Beg HRD Centre. At the suggestion of Mrs. Rehana Mishra, Director, the Board decided to display the portrait of Mr. M.F.H. Beg at all branches and other premises of the Bank.

May his soul rest in peace!

CONDOLENCE MESSAGE

CHAIRMAN :1. Mr. M.Q.H. BEG 46, Ishwar Nagar, New Delhi-110065 E-mail: [email protected]

VICE CHAIRMAN :2. Mr. R.N. SRIVASTAVA 10, Zakir Bagh, New Delhi -110025 DIRECTORS :3. Mr. SIRAJUDDIN QURESHI A-1, Okhla Industrial Area Phase-I, New Delhi- 110020

4. Mr. M.F.H BEG 33, Zakir Bagh, New Delhi-110025 E-mail: [email protected]

5. Mr. A. SAYEED 78, Zakir Bagh, New Delhi-110025

6. Ms. NISHAT BEG 190, Sukhdev Vihar, New Delhi-110025

7. Mr. S.R HASHIM C-40, Jaswant Appt. Jamia Nagar, Okhla New Delhi 110025 8. Dr. PUSHPA BHARGAVA E-235, East of Kailash, New Delhi-110065 9. Prof. JAVED HUSAIN G.F., Mustafa Lodge Appt. Ghaffar Manzil, Jamia Nagar , New Delhi-110025

10. Mrs. REHANA MISHRA 264/1, Gulmohar Avenue, Near Tikona park, P.O. Jamia Nagar, New Delhi-110025

11. Dr. FAIZ WARIS 148, Zakir Bagh, New Delhi-110025

12. Mr. RAJESH GUPTA E-15. 2nd Floor, Hauz Khas, Main Market, New Delhi-110016 E-mail: [email protected]

13. Mr. R. SURESH KUMAR Flat No. 205, Nav Shakti Appt. Sec-46, Faridabad, Haryana-121010 E-mail: [email protected]

SENIOR STAFF

CHIEF EXECUTIVE OFFICER:13. Mr. MOHAMMAD ADIL V-2, Taj Enclave, Geeta Colony, Delhi-31 E-mail: [email protected] CONSULTANT (BANKING)14. Mr. M.M ZAMAN M-21/14/105, Chinar Apptt. Batla House, Okhla, New Delhi-110025 E-mail: [email protected]

9350232428

011-268327739810795512

011-26372786

011-26310169

011-268339599811384214

011-269357039810809478

9818233038

011-26442823

011-657908199810029090

011-268320319811237874

011-26839262

9811019764

9891007117

011-410914548527869620

011-269872509871956601

BOARD OF DIRECTORS

S.No. NAME ADDRESS PHONE NO

Rishta Yaqeen Ka

19th Annual Report2


JAMIA CO-OPERATIVE BANK LTD.

Notice is hereby given that the Nineteenth Annual General Meeting of the members of th

Jamia Co-operative Bank Ltd. will be held on Sunday, the 13 September, 2015 at 11.00 A.M. at Ghalib Academy, Nizamuddin (West) New Delhi, to transact the following business.:

th 1. To confirm the Minutes of the last Annual General Meeting held on 28

September, 2014.

2. To adopt the Auditor’s Report together with the Balance Sheet & Profit and ............

stLoss Account for the year ended 31 March, 2015. Part-C of Report-NIL.

3. To consider and adopt the report of the Board of Directors.

st4. To approve the appropriation of profit earned during the period from 1 April, ...........

st2014 to 31 March, 2015.

5. To transact any other business with the permission of the chair for which prior ............ th

notice has to be received by the Bank latest by 8 September, 2015.

By Order of the Board of Directors

Place: New Delhi Sd/-Date: 21.07.2015 (Mohammad Adil) Chief Executive Officer

NOTICE TO MEMBERSJAMIA CO-OPERATIVE BANK LTD.

2/9,Sarai Jullena, New Delhi-110025Tel: 26322236, 64558232

E-mail: [email protected]: www.jamiacoopbank.com

Note: If the quorum is not complete by 11:30 A.M. the meeting shall be adjourned. The adjournedmeeting will be held on the same day after 15 minutes i.e. at 11:45 AM at the same place.

19th Annual Report3


Rishta Yaqeen KaJAMIA CO-OPERATIVE BANK LTD.

DIRECTORS' REPORT 2014-2015

Banking Malls have been started at Jasola Branch, Batla House Branch and Zakir Nagar Branch. A Banking Mall has an ATM, Cash Deposit Machine, Cheque Deposit Machine and Passbook printing machine for self service. Travel Currency Cards are issued. The Chairman’s hard work and dedication for improvement in customer services and staff welfare measures are commendable.

The Bank has ventured into other Value Added Services (VAS) under the leadership of the youngest Chairman of the Bank Mr. M.Q.H.Beg. He has played a vital role in the technological development of the Bank in a short period of two years. His dream is to make Jamia Co-operative Bank Ltd. a pioneer co-operative Bank in north India, by setting examples for others to follow.

The business of the Bank has crossed more than st` 238 Crore as on 31 March 2015. The Bank has earned

a net profit of ` 3.44 Crore in the year after payment of income tax. This has been possible due to good corporate governance of the Chairman, the efforts put in by the Board of Directors, Officers and all the members of the staff of the Bank. The Board places on record its deep appreciation for their devotion and hard work. The Board remembers with gratitude and appreciation, the contribution of Mr. M.F.H. Beg, Founder, in the reduction of NPAs and also for the progress and smooth functioning of the Bank.

The Board received full support, guidance and encouragement from the Registrar Co-operative Societies, NCT, Delhi and Officers of the Reserve Bank of India. The Board expresses its sincere thanks to them. Finally the Board deems it its duty to place on record its gratitude to the bank’s shareholders who have always stood solidly behind the Board and reposed full confidence in it. The Board assures them that it will always prove itself worthy of their confidence and expectations.

A brief resume of the progress made by the Bank during the year 2014-15 is given below.

Dear Members, thThe Directors of your Bank feel great pleasure in placing before you the 19 Annual Report and Audited

stAccounts of the Bank for the year ended 31 March 2015.

You are well aware of the fact that this Bank was established by Mr. M.F.H. Beg with a view to provide banking facilities to the weaker sections of the society inhabiting the Union Territory of Delhi. In furtherance of its objectives, the Bank has established 8 Branches at different unbanked areas.

The Board of Directors places on record its deep appreciation for the efforts made by the Chairman Mr. M.Q.H. Beg, for bringing modern technologies to the Bank like Core Banking Solutions (First Co-operative Bank in North India to adopt CBS on Cloud), SMS (Promotional / Transactional), RTGS, NEFT. A.T.M. Services & Implementation of AML Easy Software for AML/KYC Application. The Bank started issuing RUPAY Debit Card to its customer enabling them to withdraw cash from any Bank’s ATM. Internet Banking (view only facility) and PULL SMS services have been introduced. Aadhar Payment Bridge System (APBS) to receive LPG subsidy has been started.

0500500

100015002000250030003500400045005000550060006500700075008000850090009500

MARCH2010

MARCH2011

MARCH2012

6031.30

7654.55

9353.37

DEPOSITS in Lakh`

MARCH2013

10787.12

100001050011000

MARCH2014

12790.32

11500120001250013000135001400014500150001550016000

MARCH2015

15255.19

03000

60009000

12000150001800021000240002700030000330003600039000

MARCH2010

MARCH2011

MARCH2012

37812

43332

4200045000

33378

NO. OF ACCOUNTS

MARCH2013

37143

MARCH2014

42605

480005100054000

MARCH2015

52817

19th Annual Report4



DEPOSITSDeposits of the Bank Increased from ̀ 127,90.32 Lakh as on 31.03.2014 to ̀ 152,55.19 Lakh as on 31.03.2015.LOANS AND ADVANCESThe total Loans & Advances of Bank stood at ̀ 85,47.76 lakh as on 31.03.2015 as against ̀ 75,19.50 lakh as on 31.03.2014 thereby showing a net increase of ̀ 10,28.26 lakh. There has been substantial recovery in NPAs in the current year.CRARThe RBI in its inspection observed that the Bank has comfortable liquidity as the CRAR of the Bank was 28.24% against the prescribed requirement of 9%.NON-PERFORMING ASSETSThe total amount of NPAs as on 31.03.2015 is ̀ 449.71 lakh as against ̀ 164.26 lakh as on 31.03.2014 Efforts are being made at all levels for recovery of overdues in NPA accounts on priority basis, so that the amount of NPA is reduced considerably.PROPOSED APPROPRIATION OF PROFITThe Board of Directors have proposed appropriation of the profit as under :

1. Statutory Reserve (25%)2. Bad & Doubtful Debts Reserve (25%)3. Current & Contingency Reserve4. Building Fund5. Cooperative Education Fund6. Dividend 18%7. Staff Bonus & Welfare Fund A/c8. General Welfare Fund A/c9. Computer Maintenance Fund10. Investment Fluctuation Reserve

TOTAL

The appropriation proposed is in accordance with the provisions of Delhi State Cooperative Societies Act 2003, and the Bye-laws of the Bank.

MEMBERSHIPThe membership of the Bank continued to rise during the year and, at the end of March, 2015 it stood at 12035 against 11327 on 31st March, 2014.SHARE CAPITAL AND RESERVESThe Share Capital and Reserve of the Bank registered significant increase and the Share Capital increased from 4,72.70 lakh to 5,10.59 lakh & Reserve stood at 19,40.21 lakh as against 18,23.82 lakh last year.DIVIDENDThe Board of Directors is pleased to recommend the dividend at the rate of 18% for the financial year 2014-2015.AUDITThe Bank’s accounts for the year ended 31st March, 2015 were audited by M/s PREM GUPTA & COMPANY. The Bank has been awarded ‘A’ classification by the auditors. The Board of Directors expresses its sincere thanks to the Auditors for their co-operation, guidance and the suggestions made by them during the course of the audit.

INSURANCE COVER FOR DEPOSITORSWe also wish to point out that the Bank has paid premia to the Deposit Insurance & Credit Guarantee Corporation to secure insurance cover upto the value of 1.00 Lakh per depositor.CONCURRENT AUDITThe Bank has, in addition to the Statutory Audit, also engaged internal auditors to conduct concurrent and revenue audits of all its branches. The Bank has adhered to the directive of the state administration and complied with the instructions of the RBI. The Bank have been receiving their full cooperation and for that the Bank thank’s the RCS and all officers of the RBI for their support and guidance.

86,06,489.0086,06,489.00

1,00,000.0050,000.0050,000.00

88,03,791.0050,000.0050,000.0050,000.00

80,59,186.00

3,44,25,955.00

NO. OF MEMBERS

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

MARCH2010

MARCH2011

MARCH2012

MARCH2013

10494

10000

11000

9635

87738952

MARCH2014

1132712000

12000

MARCH2015

12035

19th Annual Report5


Amount in `


AUDITORS' REPORT 2014-2015

The Members

Jamia Co-operative Bank Ltd.

New Delhi-110025.

Report on the Financial Statements st1. We have audited the accompanying Financial Statements of Jamia Co-operative Bank Limited as at 31

stMarch 2015 which comprise the Balance Sheet as at 31 March 2015, the Profit & Loss Account, the Receipts & Payments Account for the year then ended, a summary of the significant accounting policies and other explanatory information.

Management's Responsibility for the Financial Statements

2. Management and the Board of Directors is responsible for the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Bank in accordance with the Banking Regulation Act, 1949, Delhi Cooperative Societies Act, 2003 and the Reserve Bank of India circulars, guidelines and directions. This responsibility also includes the maintenance of adequate accounting records in accordance with the provision of the Act for safeguarding of the assets of the Bank and for preventing and detecting the frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; design, implementation and maintenance of internal financial controls, that are operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

Auditor's responsibility

3. Our responsibility is to express an opinion on these financial statements based on our audit. We have taken into account the applicable provisions of the Banking Regulation Act, 1949, Delhi Cooperative Societies Act, 2003 and the Reserve Bank of India circulars, guidelines and directions. 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.

4. 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 of the financial statements that give true and fair view, in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on whether the Bank has in place an adequate internal financial control system over financial reporting and the operating effectiveness of such controls. 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.

19th Annual Report6



Place : New DelhiDate : 21st July, 2015

For PREM GUPTA & COMPANYCHARTERED ACCOUNTANTSFRN: 000425N

Sd/-Anil Kumar Gupta Partner M.NO. 082847

5. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the financial statements.

Opinion

6. In our opinion and to the best of our information and according to the explanations given to us, the said financial statements give the information required by the Banking Regulation Act, 1949 as well as the Delhi Cooperative Societies Act 2003, in the manner so required for Banking Societies and, on such basis, give a true and fair view, in conformity with the accounting principles generally accepted in India:

st(i) In the case of Balance Sheet, of the state of affairs of the Bank as at 31 March 2015;

(ii) In the case of Profit and Loss Account, of the profit for the year ended on that date;st(iii) In the case of Receipts & Payments Account, of the Cash Flow for the year ended 31 March, 2015.

Report on Other Legal and Regulatory Requirements

7. As required by the Delhi Cooperative Societies Act, 2003 read with the Delhi Cooperative Societies Rules, 2007, the comments on the financial statements of the Bank have been given in Part-A, Part-B and Part-C of the Report.

8. Further to our comments in Annexure referred in paragraph 1 above, attention is drawn towards accounting policy no. 7 regarding accounting of retirement benefits which is not in conformity with AS-15 (revised) issued by the Institute of Chartered of Accountants of India so far it relates to accounting of Leave Encashment on cash basis. Our opinion is not modified in respect of this matter.

9. As required by the Delhi Cooperative Societies Act, 2003 read with the Delhi Cooperative Societies Rules, 2007 andthe Banking Regulation Act, 1949, we report as under:

(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 and have found them to be satisfactory.

(b) The transactions of the Bank, which have come to our notice, have been within the powers of the Bank.

(c) In our opinion, information received from the branches of the Bank is adequate for the purposes of our audit.

(d) In our opinion, proper books of account as required by law have been kept by the Bank so far as appears from our examination of those books.

(e) The Bank's Balance Sheet, Profit and Loss Account and Receipts & Payments Account dealt with in this report are in agreement with the Books of account.

(f) The Balance Sheet and the Profit & Loss Account have been drawn up in Form A and B respectively of the third schedule to the Banking Regulation Act, 1949 in accordance with the provisions of Section 29 of the Banking Regulation Act, 1949.

(g) In our opinion, there has not been any material impropriety or irregularity in the expenditure or in realization of money due to the Bank.

19th Annual Report7



BALANCE SHEET AS ON 31st MARCH, 2015

As On31.03.2014 CAPITAL AND LIABILITIES

As On31.03.2015

CAPITAL

(I) Authorised Capital

(Unspecified shares of 100/- each)

47,270,300 (ii) Subscribed Capital 51,059,600

510,596 (472,703) shares of 100/- each

(iii) Amount called up

On 510,596 (472,703) shares at 100/- each fully paid up

Of (iii) above, held by

47,270,300 (a) Individuals 51,059,600

NIL (b) Co-operative Institutions NIL

NIL (c) State Government NIL

47,270,300 51,059,600

RESERVE FUND & OTHER RESERVES

61,525,468 (i) Statutory Reserve 73,762,982

13,540,000 (ii) Building Fund 13,740,000

426,106 (iii) Dividend Equalisation Fund 426,106

49,371,034 (iv) Bad & Doubtful Debts Reserve 52,881,473

33,998,987 (v) Current & Contingency Reserve 29,408,518

4,516,145 (vi) Staff Welfare Fund 4,666,145

6,117,799 (vii) General Welfare Fund 5,967,799

3,120,053 (viii) Contingent Provision Against Std. Assets 3,347,203

6,025,000 (ix) Computer Maintenance Fund 6,079,271

3,741,582 (x) Investment Fluctuation Reserve 3,741,582

182,382,174 194,021,079

70,07,640 DEFERRED TAX LIABILITY 8,601,284

NIL PRINCIPAL/SUBSIDIARY STATE PARTNERSHIP NIL

FUND ACCOUNT

DEPOSITS AND OTHER ACCOUNTS

(i) Fixed Deposits

368,097,756 a) Individuals 463,348,921

NIL b) Central Co-operative Banks NIL

NIL c) Other Societies NIL

(ii) Saving Bank Deposits

714,923,182 a) Individuals 838,527,477



Rishta Yaqeen Ka

19th Annual Report8


`



As On31.03.2014 PROPERTY AND ASSETS

As On31.03.2015

CASH 43,797,209 (i) Cash in hand 41,522,427 54,542,433 (ii) Balance with RBI/ State Bank of India 47,455,091 98,339,642 88,977,518

BALANCES WITH OTHER BANKS 10,709,281 (ii) Current Account 22,458,641 NIL (iii) Saving Bank Deposits NIL 192,900,000 (iii) Fixed Deposits 227,800,000 203,609,281 250,258,641

NIL MONEY AT CALL & SHORT NOTICE NIL INVESTMENT 453,431,133 (i) In Central and State Government Securities 584,423,956 (at book value) (a) Available for Sale (AFS) 396,510,456.00 (b) Held to Maturity (HTM) 187,913,500.00 (c) Face value 585,105,000.00 (d) Market value of AFS Investment except DTB 392,281,739.00 45,199,000 (ii) Other Trustee securities 54,515,000 NIL (iii) Shares in co-operative institutions NIL NIL (iv) Other investments (IDBI Mutual Funds) NIL 498,630,133 638,938,956

NIL INVESTMENT OUT OF PRINCIPAL/ NIL SUBSIDIARY STATE PARTNERSHIP FUND

NIL DEFERRED TAX ASSETS NIL

ADVANCES (i) Short-Term Loans, Cash Credits, Overdrafts and Bill Discounted Of which secured against: 130,110 (a) Government and other approved securities 156,460 177,493,088 (b) Other tangible securities 210,591,245 1,323,465 (c) Personal Sureties 1,802,650 212,550,355 (Of the advances, amount due from Individual 78,756,692 ( 66,970,247 ) (Of the advances, amount Overdue 2,515,244 ( 965,445 ) (Considered bad and doubtful of Recovery ( ) 2,510,871 965,445

Rishta Yaqeen Ka

19th Annual Report9


`



As On31.03.2014

(iii) Current Deposits

196,012,048 a) Individuals 223,642,707



NIL (iv) Money at call and short notice NIL

1,279,032,986 1,525,519,105

NIL BORROWINGS NIL

516,344 BILLS FOR COLLECTIONS BEING BILLS 496,344

RECEIVABLE AS PER CONTRA

20,892 BRANCH ADJUSTMENT NIL

6,883,514 OVERDUE INTEREST RESERVE 13,005,694

493,039 INTEREST PAYABLE 1,067,031

OTHER LIABILITIES

4,674,286 (i) Bills/Payorder Payable 14,556,141

9,085,586 7,861,171 (ii) Unclaimed Dividend

2,305,718 715,967 (iii) Sundries Payable

8,074 46,886 (iv) T.D.S. Payable

122,832 122,832 (v) Audit Fee Payable

78,500 101,000 (vi) Electricity Payable

49,949 49,381 (vii) CLG. Adjustment Payable

444,996 341,570 (viii) Provident Fund Payable

400,000 (ix) Provision for AGM Expenses 503,814

343,066 (x) Provision for Gratuity NIL

NIL 3,644 (xi) Service Tax Payable

10,800,000 (xii) Provision for Income Tax 19,500,000

24,834,120 (xiii) Cont. Prov. Against Depreciation on Investment 3,198,327

25,137,415 20,537,415 (xiv) Cont. Prov. For Spl. Reserve on Bad Debts

580,691 (xv) Inward Clearing Returned NIL

4,333,769 (xvi) Others Payable 5,845,631

75,745,798 80,836,983

As On31.03.2015CAPITAL AND LIABILITIES

Rishta Yaqeen Ka

19th Annual Report10


`




As On31.03.2015

(ii) Medium-Term Loans

Of which secured against:

NIL (a) Government and other approved securities NIL

200,173,553 (b) Other tangible securities 255,158,254

76,791,326 (c) Personal Sureties 99,739,542 354,897,796

(Of the advances, amount due from

Individuals 320,188,966 ( 217,655,762 )

(Of the advances, amount

Overdue 39,028,450 ( 14,348,419 )

(Considered bad and doubtful of

Recovery 30,729,027 ( 11,126,402 )

(Iii) Long-Term Loans

Of which secured against:

NIL (a) Government and other approved securities NIL

274,168,127 (b) Other tangible securities 249,187,508

21,870,344 (c) Personal Sureties 38,140,554 287,328,062

(Of the advances, amount due from

Individuals ( ) 278,798,173 241,305,120

(Of the advances, amount

Overdue ( ) 14,675,148 6,506,681

(Considered bad and doubtful of

Recovery ( ) 11,731,639 4,334,656

INTEREST RECEIVABLE

17,285,488 (i) On Investments 23,725,234

6,883,514 (ii) On Advances 13,005,694

24,169,002 (Of which overdue ( ) 36,730,928 13,005,694 6,883,514

516,344 BILLS RECEIVABLE BEING BILLS FOR 496,344

COLLECTION AS PER CONTRA

NIL BRANCH ADJUSTMENT 97,225

NIL PREMISES LESS DEPRECIATION NIL

11,916,271 FURNITURE & FIXTURES LESS DEPRECIATION 10,686,323

Rishta Yaqeen Ka



`



As On31.03.2014

As On31.03.2015

20,288,542 PROFIT & LOSS ACCOUNT

Balance as per last Balance Sheet 20,288,542

Less: Appropriations made during the year 20,288,542

NIL

Add: Profit for the year brought from the

Profit & Loss Account 34,425,955

34,425,955

1, 619,641, 229 TOTAL 1,909,033,075

CONTINGENT LIABILITIES

4,075,000 (i) Outstanding Liabilities for guarantees issued 2,437,000

2,578,836 (ii) Others (Income Tax Demand) 2,,578,836

NIL (ii) DEAF Claim 4,128,970

6,653,836 TOTAL 9,144,806

Note: Significant Accounting Policies and Notes on accounts as per annexure 1 form an integral Part of accounts.

Place : New Delhi

Date : 21st July, 2015

Sd/-

MOHAMMAD ADIL

Chief Executive Officer

Sd/-

M.M.ZAMAN

Consultant(Banking)

CAPITAL AND LIABILITIES

Rishta Yaqeen Ka



`




4,794,125 COMPUTERS LESS DEPRECIATION 3,571,174

OTHER ASSETS

764,223 (i) Stationery & Stamps 756,788

195,182 (ii) Prepaid Expenses 729,781

61,000 219,194 (iii) Suspense

38,147 (iv) Festival Advances 34,647

1,529,018 NIL (v) Inward Clearing Returned

19,608,958 17,913,297 (vi) Tax Paid in Adv./Tax Deducted at source

NIL 2,300,607 (vii) Pre-Operative Works

1,175,928 1,037,078 (viii) Unamortised Premium on HTM Investment

443,724 NIL (ix) Service Tax Receivable

3,248,690 159,909 (x) Others Receivable

25,716,418 24,499,753

NIL NON-BANKING ASSETS ACQUIRED IN NIL

SATISFACTION OF CLAIMS

1,619,641,229 TOTAL 1,909,033,075

As On31.03.2015

Sd/- Sd/-

Dr. PUSHPA BHARGAVA

Director Chairman

M.Q.H BEG

As per our Audit Report of even date

For PREM GUPTA & COMPANY

Chartered Accountants

Sd/-

Anil Kumar Gupta

Partner

M.NO. 082847

FRN: 000425N

Rishta Yaqeen Ka



`


Sd/-Anil Kumar Gupta

Partner M.NO. 082847 FRN: 000425N

As per our Audit Report of even dateFor PREM GUPTA & COMPANY

Chartered Accountants

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH, 2015

EXPENDITURE

56,138,041 Interest on Deposits, 152,736,313 Interest & Discount 69,970,884 180,953,456 Borrowings, etc. 28,603,528 Salaries & Allowances 39,444,736 318,396 Commission,Exchange 301,496 And Provident Fund and Brokerage 978,000 Director’s & local 1,048,000 NIL Subsidies & NIL Committee members’s Donations 12,663,303 Rent, Taxes, Insurance, NIL Income from Non- NIL Lighting etc. 11,774,421 Banking Assets and 3,649,460 Law Charges/Professional Fee 4,629,863 Profit from sale of or Expenses Dealing with such 469,848 Postage, Telegrams & 529,627 Assets Telephone Charges 148,315 Auditor’s Fees 132,000 10,871,536 Depreciation on & 8,330,552 NIL Transfer From IFR NIL Repairs to property (Investment Fluctuation 1,175,088 Stationery, Printing and 2,473,231 Reserve) Advertisement, etc. NIL Loss from sale of or NIL 11,906,233 Other Receipts 35,607,583 Dealing with Non- Banking Assets 17,756,019 Other Expenditure 22,564,928 32,507,804 Balance of Profit c/d 55,964,293 Before Tax

164,960,942 TOTAL 216,862,535 164,960,942 TOTAL 216,862,535 Provision for Income Tax Balance of Profit b/d 55,964,293 10,800,000 Current Tax 19,500,000 1,217,693 Deferred Tax 1,593,644 201,569 Income Tax related to 444,694 Previous year Balance of Profit trfd to 20,288,542 balance sheet 34,425,955

32,507,804 TOTAL 55,964,293 32,507,804 TOTAL 55,964,293

Note: Significant Accounting Policies and Notes on accounts as per annexure 1 form an integral part of Accounts.

Year Ended31.03.2015




INCOME

Place : New DelhiDate : 21st July, 2014

Sd/- MOHAMMAD ADIL

Chief Executive OfficerM.M.ZAMAN

Consultant(Banking)

Sd/- Dr. PUSHPA BHARGAVA

Director

Sd/- M.Q.H BEG

Chairman

Sd/-

Rishta Yaqeen Ka




ANNEXURE-1: SIGNIFICANT ACCOUNTING POLICIES AND NOTES ONstACCOUNT FOR THE YEAR ENDING 31 MARCH, 2015.

Rishta Yaqeen Ka

(A) SIGNIFICANT ACCOUNTING POLICIES:1. General: Financial Statements have been prepared on historical cost convention and on accrual basis, except otherwise stated, based on Going Concern Concept. 2. Advances: The Advances outstanding have been classified under four categories, in accordance with the

guidelines issued by the Reserve Bank of India (a) Standard Assets (b) Sub-standard Assets (c) Doubtful Assets (d) Loss Assets

Advances are shown net of interest not collected/unrealized on Non-Performing Assets. Provision for sub-standard/doubtful/loss assets have been arrived on the outstanding balances, net of interest not collected/unrealized as per the guidelines of Reserve Bank of India.3. Investments: (i) In terms of RBI guidelines, the entire investment portfolio of the Bank is classified under three categories viz. 'Held to Maturity', 'Available for Sale' and 'Available for Trading', which is decided at the time of acquisition of securities. Transfer of scrips, if any, from one category to another is done at the lower of acquisition cost/book value/market value prevailing on the date of transfer and the depreciation, if any, on such transfer is fully provided for. Further, investments are disclosed in the Balance Sheet under two categories, i.e.:

(a) Government Securities (b) Other Trustee Securities(ii) The valuation of investments held in different categories are done in accordance with the guidelines issued by Reserve Bank of India, as mentioned hereunder :-(a) HELD TO MATURITY: Investments under Held to Maturity category are carried at acquisition cost. The excess of acquisition cost, if any, over the face value is amortized over the remaining period of maturity. Profit on sale/redemption of investments in this category is first taken to Profit & Loss Account and thereafter appropriated to the Investment Fluctuation Reserve/Investment Depreciation Reserve Account. The Loss on sale of such securities is recognized in the Profit & Loss Account.(b) AVAILABLE FOR SALE: The individual securities in this category are marked to market. Central Government Securities are valued at market prices or prices declared by Primary Dealers Association of India, jointly with Fixed Income Money Market and Derivatives Association of India (FIMMDA).Demand Treasury Bills are valued at purchase price/book value. Non-SLR securities such as Debentures/Bonds (other than debentures/bonds which are in the nature of advances) are valued at acquisition price.Mutual Funds are valued at market rate or repurchase price or Net Asset Value, in the order, depending on their availability.Securities are valued scrip wise and the depreciation/appreciation under each category is aggregated based on the above valuation. Net appreciation, if any, on the above acquisition price in each sub-category is ignored, while the net depreciation is fully provided for.(c) HELD FOR TRADING: The individual securities are valued periodically, as per RBI guidelines, at market price, as available from the trades/quotes or as per price declared by FIMMDA in respect of each category under this classification.Depreciation, if any, is charged to revenue and net appreciation above the acquisition price, if any, is ignored.(iii) Cost such as brokerage, commission etc. relating to securities at the time of purchase is charged to revenue.(iv) Broken period interest on Debt Instruments/Government Securities upto the date of acquisition/disposal is treated as revenue item.(v) Non-performing Investments are identified as stated below, as per the guidelines issued by Reserve Bank of India.(a) Securities/ Preference Shares where interest/fixed dividend/installments (including maturity proceeds) is due and remains unpaid for more than 90 days.(b) In case, any credit facility availed by the issuer from the Bank is non performing advance, investment in any of the securities issued by the same issuer is also treated as NPI.4. Fixed Assets:- Fixed Assets are stated at their historical cost (inclusive of incidental expenses incurred on acquisition of assets) less accumulated depreciation.5. Depreciation on Fixed Assets: Fixed Assets are depreciated on written down value method at the rates considered appropriate by the management, as mentioned here under:(a) Cupboards & Cabinets/Counters/Tables and other furniture etc. 10.00%(b) Electrical Fittings & Office Equipments 20.00%(c) Strong Room 10.00%(d) Computers/ATM Machines and software 33.33% Depreciation on assets purchased during the year is charged for the entire year, if the asset is purchased and retained for 180 days or more; otherwise it is charged at 50% of the normal rate. No depreciation is charged on fixed assets sold during the year.




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6. Revenue Recognition:- Income/Expenditure is generally accounted for on accrual basis, except the following:(a) Income: Interest income on non-performing assets, commission received/paid and locker rent are accounted for on cash basis.(b) Expenditure: Arbitration Charges, Legal Charges and Leave Encashment to Employees are accounted for on cash basis. 7. Retirement Benefits:- (a) Payment of Provident Fund is made to the Commissioner of Provident Fund, at rates prescribed under the Employees Provident Fund and Miscellaneous Provisions Act 1952 and is accounted for on accrual basis.(b) Leave Encashment is accounted for on Cash Basis. (c) The Employees' Gratuity Fund Scheme is funded by the Bank and managed by a separate trust `Jamia Co-operative Employees Gratuity Trust`, which in turn manages their funds through approved schemes of LIC of India. The contribution made by the Bank to LIC/Gratuity Trust is recognized in the Profit and Loss Account in the year in which the same is paid.8. Accounting for Taxes:- Income Tax comprises Current tax and Deferred tax charge or credit (reflecting the tax effects of timing difference between accounting and taxable income for the period as determined in accordance withthe AS-22 of the Institute of Chartered Accountants of India). The deferred tax charge or credit and the corresponding deferred tax liabilities or assets are recognized using the tax rates that have been enacted or substantially enacted on the Balance Sheet date. 9. Impairment of Assets:- As assessment is made at each Balance Sheet date whether there is any indication that an asset is impaired.If any such indication exists, an estimate of the recoverable amount is made and impairment loss, if any is provided. 10. Contingent Liabilities and Provisions:- Past events leading to possible or present obligation is treated as contingent liabilities. Provision is recognized in the case of present obligation, where a reliable estimate can be made and where there are probable out flow of resources embodying foregoing of economic benefits to settle the obligation.11. Earnings per share:- Basic Earnings PerShare (EPS) reported is computed by dividing net profit after tax by the weighted average number of equity shares outstanding at the end ofthe year.12. Appropriation of Profit is made by the General Body on the recommendation of the Board of Directors, as prescribed under Bye-Law no. 44 of the Bank.(B) NOTES ON ACCOUNTS:1. The Reserve Bank of India has in terms of RBI Circular UBD (PCB) BPD Circular No. 47/16.20.000/2008-09 dated 30.01.09 has specifically determined the maximum limit of the deposits that the Bank can have with other banks at 20% of the Depositsand Liabilities of previous year. The Bank has deposits around ̀ 25.03crores (Previous Year ̀ 20.36crores) with other banks and it constitutes around 19.56% (Previous Year14.66%) of the Deposits and Liabilities of previous year. The management of the Bank attributes the higher investment in Bank deposit due to Lakh of growth in Advances & absence of other better opportunities for Investments.2. In the opinion of Management, the amount outstanding in Provision for Bad & Doubtful Assets (included in Bad and Doubtful Debts Reserve), Standard Assets & Investments, as determined in accordance with the guidelines issued by the RBI, is considered adequate. 3. AFS securities except Demand Treasury Bills are marked to market value and the depreciation, being difference between the market value and book value, is provided for in the Profit & Loss account. 4. An amount of ` 17,02,381/- has been utilized during the year out of Bad and Doubtful Debts Reserve towards writing off of bad debts.5. An amount of ` 10,74,909/- out of dividend payable has been transferred to Statutory Reserve, in terms of Bye-laws of the Bank.

st6. Reconciliation of transactions/balances with branches and other banks has been completed up to 31 March, 2015, subject to some old outstanding entries.7. In respect of securities held under “Held to Maturity” Category, premium of ̀ 251,150/- (Previous Year ̀ 275,817/-) has been amortized during the year. 8. Foreign Exchange Transactions: The Bank has made an agreement with Axis Bank regarding travel currency card, Demand Draft, Outward/Inward remittances and foreign currency instruments collection. The Bank has earned an income of ̀ NIL(Previous Year ̀ NIL) on these transactions. 9. Other Information (` in Lakh) (as certified by the Management):

31.3.2015 31.3.2014 (i) Business per Employee 271.00 225.66

4.30 2.27 (iii) Non Performing Assets

-Gross 449.71 164.26

-Net NIL NIL (iv) CRAR 28.24 % 29.28%

(ii) Net Profit per Employee




(` in Lakh)

Rishta Yaqeen Ka

st10. The Bad and Doubtful Debts Reserve as at 31 March, 2015 includes Provision towards Non-performing Assets amounting to Rs. 94.27Lakh (Previous Year : Rs. 71.15 Lakh)11. The Bank has not exceeded the limit specified by it in respect of exposure of advances to Single Borrower and Group Borrowers. 12. The breakup of Advances in terms of Overdue Advances, Bad and Doubtful Advances, Advances to Individuals etc. and Security-wise classification is based on the information received from the branches and as certified by the management. 13. Movement of NPA'sOpening NPA 164.26 367.20 Add: Addition during the year 323.27 32.37 Less: Recovery / write off 37.82 235.31Closing NPA 449.71 164.26

14. In terms of RBI directives, following additional disclosures, as certified by the Management, are made:

Sr. No.

Particulars 31.03.2015 31.03.2014

1.

2.

3.

4

Advances against:

(i) Real Estate (Loans against Property)

(ii) Construction Business

(iii) Housing

Advances against shares & debentures

Advances to directors, their relatives, companies/firms in which they

are interested:

(i) Fund -based

(ii) Non -fund based

NPAs:

(i) Gross NPAs

(ii) Net NPAs

929.58

Nil

564.37

Nil

Nil

Nil

449.71

Nil

1103.47Nil

502.80

Nil

Nil

Nil

164.26

Nil

15. Compliance of Accounting Standards issued by The Chartered Accountants of India:

(i)Accounting Standard -9 (AS-9) : Revenue Recognition

Certain items of income and expenditure are recognized on cash basis as per Accounting Policy No. 5. However, the said income & expenditure are not material.

(ii) Accounting Standard – 15 (AS-15): Retirement Benefits

Provision for Leave Encashment is not being made in accordance with the Accounting Standard - 15.

(iii) Accounting Standard – 17 (AS-17): Segment Reporting

The Bank is mainly engaged in two kinds of operations:

(a) Banking operations which consist of lending activities and rendering of Banking Services.

(b) Treasury operations which comprise of parking of funds in long-term & short-term investments for earning interest income on investments. Trading in investments is not being done.

The Bank has recognized Business Segment as Primary Reporting Segment in Compliance with the Accounting Standard – 17.




Rishta Yaqeen Ka

Information about Business and Geographical Segments:

Primary Segment Reporting (by Business Segments)(Rs. in Lakh)

Business Segment Treasury Other Banking

Operations Total

Current

Year

Previous Year

Current Year

Previous Year

Current Year

Previous Year

Revenue Segment

Revenue

Result Unallocated Expenses.

Operating Profit. Income Tax

Extra Ordinary Profit/Loss

Net Profit

Segment Assets

Unallocated Assets

Total Assets

Segment Liabilities

Unallocated Liabilities

Total Liabilities

626.57

10019.01

480.84

8219.00

1542.06

8677.82

1168.77

7598.05

2168.63

1608.99 559.64 215.38

‐

344.26

18696.83

393.50

19090.33

‐

19090.33

19090.33

1649.61

1324.53 325.08 122.19

‐

202.89

15817.05

379.36

16196.41

‐

16196.41

16196.41

NOTES:1. Segments are reported considering the nature of products or services, class of customers for the products/services, different risks and returns attributable to them, organization structure and internal management information system. 2. The Bank reports its operations in the following segments:(i) Treasury: Dealing operations in Money Market Instruments(ii) Other Banking Operations: Comprising of corporate and retail Banking business of the Bank. 3. The Business operations are restricted in India hence; information about secondary segment i.e. geographical segment is not given.4. Segment revenue, results, assets and liabilities include the respective amounts identifiable to each of the segments and amounts apportioned.

(iv) Accounting Standard-20 (AS-20): Earning per shares (EPS)

Particulars 31.03.2015 31.03.2014 1) Basic E.P.S. Rs. 70.86 Rs. 45.77 Calculation of Basic E.P.S. (a) Net Profit after Tax available for Shareholders.

(b) Weighted Average number of Equity Shares.

(c) Basic Earning per share (a/b)

(d) Nominal Value per Share

Rs. 3,44,25,955

485,784

Rs. 70.86

Rs. 100/‐

Rs. 2,02,88,542

443,240

Rs. 45.77

Rs. 100/‐

There are no diluted shares.

(v) Accounting Standard -18 (AS-18): Related Party Disclosures:

There are no related parties requiring disclosure under Accounting Standard 18 on Related Party Disclosures, other ththan the Chief Executive Officer of the Bank. However, in terms of RBI Circular dated 29 March, 2003, he being a

single party coming under this category, no further details need to be disclosed.




The Bank has complied with the AS-22 during the year under audit. (vii) Accounting Standard-26 (AS-26): Intangible Assets

stThere are no intangible assets determined by the Bank as at 31 March, 2015. (viii) Accounting Standard -28 (AS-28): Impairment of AssetsNo material impairment of Assets has been identified by the Bank and as such no provision is required as per the Accounting Standard.(ix) Accounting Standard-29 (AS-29): Provisions, Contingent liability and Contingent AssetsIn the opinion of the management, no provision is required against contingent liabilities.16. During the year, the Bank has shifted Central Government securities aggregating 1153.02 Lakh (Previous Year : Rs. Nil) from 'Available for Sale' (AFS) category to Held to Maturity (HTM) Category at lower of acquisition cost /book value / market value and booked a shifting loss of Rs. 93.86 Lakh (Previous Year : Rs. Nil ) to the Profit and Loss Account for the year.17. The Bank has earned gross amount of Rs. 27,82,580/-(Previous Year : Rs. Nil) as Profit on Sale of Securities in AFS Category out of which an amount of Rs. 13,77,586/- (Previous Year :Rs. Nil) net of tax and the amount required to be transferred to Statutory Reserve, has been appropriated to Investment Fluctuation Reserve as per RBI guidelines. Further, the provisions created on account of depreciation in AFS category are found to be excess by Rs. 2,16,35,793/- and accordingly the said amount has been adjusted in Contingent Provision against Depreciation in Investments18. Details of unclaimed liabilities where the amount due has been transferred to DEAF reflected as “Contingent Liability - Other items for which the Bank is contingently liable” under annual financial statements:Particulars 31-March-2015 31-March-2014Opening balance of amounts Nil NILtransferred to DEAFAdd : Amounts transferred to 42,51,099 N.A.DEAF during the yearLess : Amounts reimbursed by 1,22,129 N.A.DEAF towards claimsClosing balance of amounts 41,28,970 N.A.transferred to DEAF16. The Bank had adjusted the Deferred Tax Liability amounting to Rs. 60,90,469/-, created on Special Reserve in terms of RBI guidelines, through 'Statutory Reserve' during the financial year 2013-14. However, consequent to RBI inspection, the 'Statutory Reserve' has been reinstated at the original figure and the DTL has now been adjusted from “General Reserve”. 17. The Bank pays gratuity to employees who retire/resignfrom Bank's service as per rules. The Bank has made a trust named as Jamia Co-operative Employees Gratuity Trust during the year and hence forth, yearly contribution towards gratuity will be made to the said Trust. The Bank / Trust appointed LIC of India as Fund Manager to the said trust. The contributions to the Trust/LIC(The said trust will further make contribution to LIC), towards funding this gratuity are adequate as per actuarial valuation made by LIC of India and no further provision is required in this regard. The gratuity payable to the employees is worked out byway of two methodologies i.e., as per the Payment of Gratuity Act, 1972 and other as per service rules and the employee is entitled to get maximum beneficial.Accordingly, an amount of Rs. 58.25 Lakh has been paid during the year to LIC of India, towards Gratuity liability of the Bank.Previous year figures have been regrouped or reclassified, wherever considered necessary.

(Amount in Rs.)

Particulars 31.03.2015 31.03.2014

Deferred Tax Assets

1) Provision for Gratuity

2) Others

‐

‐

16,995/‐

1,09,385/‐

Total ‐ 1,26,380/‐

Deferred Tax Liability

1) On account of timing difference towards Depreciation

2) Special Bad Debts Reserve

35,581/‐

15,58,063/‐

4,53,966/‐

8,90,107/‐

Net Deferred Tax Liability (Assets) 15,93,644 12,17,693/‐

(vi) Accounting Standard-22 (AS-22): Accounting for Taxes on Income

Major components of Deferred Tax:




1997

-98

1998

-99

1999

-200

0

2000

-01

2001

-02

2002

-03

2003

-04

2004

-05

2005

-06

2006

-07

2007

-08

2008

-09

2009

-10

2010

-11

2011

-12

2012

-13

2013

-14

2014

-15

DEPOSITS & ADVANCESAmount in Lakh

0

DEPOSITS `15255.19

ADVANCES `8547.76

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

PERFORMANCE OF THE BANK AT A GLANCE

*(Rupees in Lakh)

FINANCIAL YEARS 2014-15 2013-14 2012-13 2011-12 2010-11 2009-10 2008-09

MEMBERSHIP

RESERVES*

TOTAL DEPOSITS*

LOANS & ADVANCES*

GROSS PROFIT*

NET NPA

DIVIDEND

CRAR

12035

1940.21

510.59

15255.19

8547.76

559.64

NIL

18.00%

28.24%

11327

1823.82

472.70

12790.32

7519.50

325.07

NIL

18.00%

29.04%

8472

907.35

252.74

5165.72

2276.65

397.07

NIL

18.00%

37.68%

8952

1082.46

281.66

6031.30

2561.03

291.45

NIL

18.00%

37.68%

8773

1253.30

324.80

7654.55

3635.56

309.38

NIL

18.00%

37.03%

9635

1428.14

376.20

9353.37

4891.36

426.52

NIL

18.00%

28.86%

10494

1677.60

431.72

10787.12

6472.34

436.48

NIL

18.00%

29.28%

14000

15000

16000



SHARE CAPITAL*


RATE OF INTEREST ON DEPOSIT & ADVANCES

*Note:- If borrower & sureties submit latest copies of ITR or are Government servants, the rate of Interest is 16%.

The rates of interest are subject to change without notice.

S.No. Type of loans & Advances Rates of Interest

1. Business Loan* A) 18% (Rebate of 1% on principal amount onrepayment of all EMIs on time)B) 13.50% (Against Security of Approved Property &Rebate of 0.50% on principal amount on repaymentof all EMIs on time)

2. Cash Credit / OD* A) 18% (Rebate of 1% on principal amount onrepayment of all EMIs on time)B) 13.50% (Against Security of Approved Property &Rebate of 0.50% on principal amount on repaymentof all EMIs on time)

3. Housing Loan A) 10.50% (Against Mortgage of Approved Property).

4. Vehicle Loan 12.50% (if EMI is more than 33% of monthly income).

10.50% if EMI is less than 33% of monthly income

as per ITR.

5. Personal Loan* A) 18% (Rebate of 1% on principal amount on

repayment of all EMIs on time

6. Loan Against Property 13.50% (Rebate of 0.50% on principal amount onrepayment of all EMIs on time)

7. Education Loan 12% (Against at least one Govt. surety worth the loanor against security of approved securities)(Maximum limit Rs.35 Lakh for abroad & Rs.20 Lakh for India)

8. Plant & Machinery (New) 12.50% (Rebate of 0.50% on principal amount onrepayment of all EMIs on time)

Rishta Yaqeen Ka



RATE OF INTEREST ON DEPOSIT W.E.F. 01-08-2015Period of Deposit

30-45 Days

46-90 Days

91-180 Days

181 Days to less than 1 year

1 Year & aboveSaving Bank Account

Senior Citizen on deposit for 1 yr. & above

Rs. 15 Lakh & above for one year or more

Rate of Interest (P.A.)

4.00%

5.00%

6.00%

7.00%

9.00%

4.00%

10.00%

9.50%*The rates of interest are subject to change without notice.


PROFIT & SHARE CAPITAL

PROFIT

SHARE CAPITAL

JAMIA CO-OPERATIVE BANK LTD.Rishta Yaqeen Ka



1997

-98

1998

-99

1999

-200

0

2000

-01

2001

-02

2002

-03

2003

-04

2004

-05

2005

-06

2006

-07

2007

-08

2008

-09

2009

-10

2010

-11

2011

-12

2012

-13

2013

-14

2014

-15

Amount in Lakh

0

50

100

150

200

250

300

350

400

450

500

550

Rishta Yaqeen Ka

19th Annual Report www.jamiacoopbank.com23

BRANCH NETWORK

S.No. Name of Branch Address Phone Number

1.

2.

3.

4.

5.

6.

7.

8.

Batla House

Madanpur Khadar

Zakir Nagar

Sangam Vihar

Jasola Village

Badarpur

Sarai Jullena

334-E, Batla House,Okhla, New Delhi-110025

C-624, Village MadanpurKhadar Extention,New Delhi-110076

59-B, Zakir Nagar,Okhla, New Delhi-110025

15/10, Near Main Gate,Hamdard Public School,Sangam Vihar, New Delhi-110062

E-69, Lower Ground Floor,Jasola Village,New Delhi-110025

7-A, Shakti Vihar, MainTanki Road, Badarpur,New Delhi-110044

152-A, Sarai Jullena,New Delhi-110025

Abul Fazal EnclaveF-98, B/2, Abul Fazal Enclave,New Delhi-110025

011-65685783011-26986616

011-29945911

011-26981135

011-26041062

011-26940683

011-26660209

011-26324030011-40538942

011-26971322011-65452233


19th Annual Reportwww.jamiacoopbank.com

Rishta Yaqeen Ka

24


NOTES

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