INDIA
Published on Saturday, June 27, 2015 vol l nos 26 27
EPW
Economic Political Weekly
24
SCHEDULES TO FINANCIAL STATEMENTS AS AT 31 MARCH 2015
Currency: Indian rupees in thousands
39. Related Parties
Related parties disclosures under AS 18 include:
Ultimate Parent
DBS Group Holding Limited
Parent
DBS Bank Ltd., Singapore
Branches of ParentSubsidiaries of Parent
● DBS Bank Hong Kong Limited
● DBS Bank Ltd., London
● DBS Bank Ltd., Tokyo
● DBS Bank Ltd., Taipei
● DBS Bank Ltd., Los Angeles
● DBS Bank China Limited
● PT Bank DBS Indonesia
Entity over which the Bank exercises control
● DBS Bank Employees’ Provident Fund Trust
Key Management Personnel
● Sanjiv Bhasin: General Manager and Chief Executive Oficer
With regard to RBI Circular No. DBOD.BP.BC No.7 21.04.0182013-14 dated 01 July 2013, 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 “Branches of Parent Subsidiaries of Parent”.
ItemsRelated Party 31 Mar 2015
31 Mar 2014
Deposit
68
68
68
68 Placement of Deposits
56,790 164,816
5,240,992 6,225,917
Borrowings
– –
3,309,940 2,995,750
Guarantees Derivatives Forward Contracts
1,699,174 4,236,807
4,818,711 4,236,807
Interest paid
470
656 Interest received
79
111 Rendering of services
1,269 8,010
Receiving of services
3,020 14,119
Figures in brackets indicate maximum outstanding during the year Material related party transactions are given below:
A speciic related party transaction is disclosed as a material related party transaction wherever it exceeds 10 of all related party transactions in that category. Following were the material transactions between the Bank and its related parties:
Placement of Deposits:
Nostro deposit was placed with DBS Bank Ltd., London INR 54,704 thousands Previous Year: INR 120,934 thousands
GuaranteesDerivativesForward Contracts:
Guarantees given on behalf of DBS Bank Ltd., London INR 614,819 thousands Previous Year: INR 4,136,432 thousands. Guarantees given on behalf of DBS Bank Ltd., Taipei INR 1,039,394 thousands Previous Year: INR 253,891 thousands.
INDIA
Economic Political Weekly
EPW
Published on Saturday, June 27, 2015 vol l nos 26 27
25
SCHEDULES TO FINANCIAL STATEMENTS AS AT 31 MARCH 2015
Currency: Indian rupees in thousands
39. Related Parties
