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Alexandrina Clarke
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11 these countries to counter recessionary trends, the task of monetary policy calibration was particularly challenging. Keeping in view progressive deregulation of interest rates, Savings Bank account interest rates were deregulated with effect from 25 October 2011, wherein banks were required to keep a uniform rate of interest for savings accounts with deposits upto ` 1.00 lakh, while differential interest rates could be set for savings deposits over ` 1.00 lakh. The deregulation was expected to improve the transmission of monetary policy. country led to a decline in Indian markets and contributed to the sharp depreciation of the rupee in the forex market, by foreign investors, given the meltdown in Europe and Outlook: Global growth prospects for 2012 have deteriorated in an environment of increasing concerns over the sovereign debt policy space. Accordingly global growth during 2012 is cent. As regards Indian Economy, the GDP is expected to grow grow by 16% and 17% respectively during Fiscal ` VIJAYA BANK S PERFORMANCE IN Working Results ` 581 crore as compared to ` ` 1231 crore as compared to ` front, average cost of deposits increased from 5.86% in to 7.68% in due to the market conditions. Yield on advances for (11.73%) improved by (10.25%). the tables below: (` in crore) Sl. No. Item Annual increase (%) 1. Interest Income % 2. Interest Expenditure % % i % ii. Other non-interest income 3.61% Operating expense % i. Staff Expenses % ii. Other operating expenses 8.98% % % 9. Provisions and Contingencies % Sl. No. Item Yield on funds Cost of funds Interest spread (1-2) Yield on advances Cost of deposits Yield on investments Other operating expenses to Average working funds 8 Cost-Income Ratio Establishment cost to average working funds Dividend the Board of Directors has recommended a dividend of ` 2.50 per Equity Share of the face value of ` 10/- for the year The total amount of equity dividend payable including dividend tax is ` The capital adequacy ratio stood at 13.06% as on vis-à-vis the Reserve Bank of India norm of 9%. As on , the Tier I capital of the Bank is ` and Tier II is ` crore. 109

63 PARTICULARS For the year ended [` 000 s omitted] For the year ended SCHEDULE - 13 : INTEREST EARNED i. Interest/Discount on advances/bills ii. Income on Investments iii. Interest on Balances with Reserve Bank of India & other Inter-bank funds iv. Others TOTAL SCHEDULE - 14 : OTHER INCOME i. Commission, Exchange & Brokerage Less: Amortisation of premium on HTM securities Less: Loss on Exchange Transactions vi. Miscellaneous Income TOTAL { i+ii+iii+iv+v+vi } SCHEDULE - 15 : INTEREST EXPENDED i. Interest on Deposits ii. Interest on Reserve Bank of India/Inter-Bank borrowings iii. Others TOTAL

64 PARTICULARS For the year ended [` 000 s omitted] For the year ended SCHEDULE - 16 : OPERATING EXPENSES i. Payments to and provisions for employees ii. Rent, Taxes and Lighting iv. Advertisement and Publicity v. Depreciation on Banks Property Less: Depreciation adjusted from Revaluation Reserve vi. Directors' Fees, Allowances & Expenses vii. Auditors' Fees & Expenses [inclusive of Branch Auditors] viii.law charges ix. Postage, Telegrams, Telephones etc., x. Repairs and Maintenance xi. Insurance xii. Other Expenditure TOTAL H.S. UPENDRA KAMATH SHUBHALAKSHMI PANSE EXECUTIVE DIRECTOR SUMA VARMA DIRECTOR V K CHOPRA DIRECTOR SURESH KAMATH DIRECTOR H HARISH BALLAL DIRECTOR PRAKASH CHANDRA NALWAYA DIRECTOR ASHOK GUPTA DIRECTOR P VAIDYANATHAN DIRECTOR K B SUBHODAYA SHETTY For M/s M.P. CHITALE & CO Chartered Accountants [ULHAS CHITALE] Partner For M/s S. VISWANATHAN Chartered Accountants [CHELLA K. RAGHAVENDRAN] Partner Place : Bangalore Date : AS PER OUR REPORT OF EVEN DATE For M/s P. CHANDRASEKAR Chartered Accountants [LAKSHMY C.] Partner For M/s RAO ASSOCIATES Chartered Accountants [G. SUDHINDRA] Partner For M/s CONTRACTOR NAYAK & KISHNADWALA Chartered Accountants [MANISH SAMPAT] Partner For M/s MUKUND M CHITALE & CO Chartered Accountants [ABHAY V. KAMAT] Partner 162

89 STATEMENT OF CASH FLOW FOR THE YEAR ENDED PARTICULARS For the year ended [` 000 s omitted] For the year ended A. CASH FLOW FROM OPERATING ACTIVITIES : Interest Earned during the year Other Income Less: Interest paid during the year on deposits, borrowings etc., Operating Expenses, Provisions & Contingencies Add: Provision & Contingencies I CASH PROFIT GENERATED FROM OPERATIONS II CASH FLOW FROM OPERATING ASSETS & LIABILITIES Increase/ (Decrease) in Liabilities Deposits (Increase) / Decrease in Assets Investments TOTAL OF II A. NET CASH FLOW FROM OPERATING ACTIVITIES (I+II) B. CASH FLOW FROM INVESTING ACTIVITIES B. NET CASH FLOW FROM INVESTING ACTIVITIES

90 PARTICULARS For the year ended [` 000 s omitted] For the year ended C. CASH FLOW FROM FINANCING ACTIVITIES Borrowings C. NET CASH FLOW FROM FINANCING ACTIVITIES TOTAL CASH FLOW DURING THE YEAR (A+B+C) I. CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR TOTAL I II. CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR TOTAL- II TOTAL CASH FLOW DURING THE YEAR Increase / (Decrease) in Cash Flow ( I - II ) H.S. UPENDRA KAMATH SHUBHALAKSHMI PANSE SUMA VARMA V K CHOPRA SURESH KAMATH H HARISH BALLAL PRAKASH CHANDRA NALWAYA ASHOK GUPTA P VAIDYANATHAN K B SUBHODAYA SHETTY For M/s M.P. CHITALE & CO [ULHAS CHITALE] Partner For M/s S. VISWANATHAN [CHELLA K. RAGHAVENDRAN] Partner AS PER OUR REPORT OF EVEN DATE For M/s P. CHANDRASEKAR [LAKSHMY C.] Partner For M/s RAO ASSOCIATES [G. SUDHINDRA] Partner For M/s CONTRACTOR NAYAK & KISHNADWALA [MANISH SAMPAT] Partner For M/s MUKUND M CHITALE & CO [ABHAY V. KAMAT] Partner 188

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Annexure - XV (Paragraph ) Suggested format of Balance Sheet of UCBs

Annexure - XV (Paragraph ) Suggested format of Balance Sheet of UCBs Annexure - XV (Paragraph - 8.33) Suggested format of Balance Sheet of UCBs Balance Sheet of (here enter name of the bank) as on 31st March (Year). Capital and Liabilities Schedule Capital 1 Reserve and