36. Related Parties
37. Operating Leases
Related parties disclosures under Accounting Standard 18 include: Parent
l
DBS Bank Limited, Singapore
Associates
l
Overseas branches of DBS Bank Limited Singapore
l
Subsidiaries of DBS Bank Limited Singapore
l
DBS Cholamandalam Securities Limited
l
DBS Bank Ltd. FII
l
Cholamandalam DBS Finance Limited
l
DBS Cholamandalam Distribution Limited
Key Management Personnel
l
Sanjiv Bhasin: General Manager and Chief Executive Officer With regard to RBI Circular No. DBOD.BP.BC.No.2221.04.0182009-10 dated 1 July 2009, the Bank has
not disclosed details pertaining to related parties where under a category, there is only one entity. Accordingly disclosures have only been made for transactions with “Associates Joint Ventures”. Similarly,
there has been only one entity under Key Management personnel at any given point of time, and therefore, those details are also not disclosed.
Deposit 510
2,724 10,620
5,110 Placement of Deposits
6,653 3,361
7,715,340 538,592
Securities Purchased 5,036,004
7,012,532 Securities Sold
5,278,216 11,549,066
Borrowings 224,500
- 673,500
615,741 Investments
270,000 270,000
270,000 270,000
Derivatives Forward Contracts 1,400,000
12,805,307 43,151,288
32,562,157 Interest paid
57 2,175
Interest received 32,469
32,429
Figures in brackets indicate maximum outstanding during the year
Operating Leases are entered into for office premises and staff accommodation. The total of future minimum lease payments under non-cancellable operating leases as determined by the lease agreements
for each of the following periods are as follows:
Not later than one year 265,998
2,130 Later than one year and not later than 5 years
167,711 3,147
Later than five years Nil
Nil The lease payments for the year ended 31 March 2010, charged to the Profit and Loss Account amount to
INR 364,481 thousand previous year INR 218,039 thousand. Items Related Party
31 Mar 2010 31 Mar 2009
31 Mar 2010 31 Mar 2009
Schedule to Financial Statements
For the year ended 31 March 2010
DBS Annual Report 2009 - 2010 47 l
Currency: Indian rupees in thousands
Currency: Indian rupees in thousands
Schedule to Financial Statements
For the year ended 31 March 2010
48 l
DBS Annual Report 2009 - 2010
38. Employee Benefits
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