Institute of Chartered Financial Analysts of India (ICFAI) University 2006 Certification Finance Management of Financial Institutions - II - Question Paper

As on

31.3.2005
As on

31.3.2004

i. Payments to and provisions for employees
806.42
730.42

ii. Rent, taxes and lighting
84.79
72.47

iii. Printing and stationery
19.94
18.03

iv. Advertisement and publicity
25.21
14.64

v. Depreciation on Bank’s property
73.29
50.29

vi. Directors’ fees, allowances and expenses
0.39
0.41

vii. Remuneration to Managing/ Executive Director
0.09
0.08

viii. Auditors’ fees and expenses (including branch auditors)
10.71
10.21

ix. legal regulations Charges
5.79
4.89

x. Postage, Telegrams, Telephones, etc.
16.00
13.65

xi. Repairs and maintenance
21.91
15.95

xii. Insurance
54.83
33.23

xiii. Other expenditure
138.12
120.33

TOTAL
1257.49
1084.62




Schedule-18: Notes on accounts

1. HOUSEKEEPING

i. Confirmation/reconciliation of balances with foreign and other banks has generally been found and carried out other than in a few cases.

ii. Adjustment of outstanding entries in Suspense Accounts, Sundry Deposits, Clearing Adjustments, Bank Reconciliation statements and different interbranch/ office accounts is in progress. Reconciliation of Central Office Accounts maintained by branches has been completed upto 31st March 2005. Pending final clearance of the above, the overall impact, if any, on the accounts, in the opinion of the management will not be significant.

2. INVESTMENTS

i. Pursuant to Reserve Bank of India circular No. DBOD. No.BP.BC.37/21.04.141/2004 dated second September 2004, the Bank has transferred SLR securities aggregating Rs.6,275.44 crore from “Available for Sale" category to "Held to Maturity" category. The marked-to- market depreciation of Rs.545.47 crore has been debited to the Profit & Loss Account.

ii. As per RBI guidelines, an amount of Rs.78.39 crore (previous year Rs.3.15 crore) being an amount equivalent to the profit on sale of "Held to Maturity" category securities is transferred "Capital Reserve Account".

Earning:   Approval pending.