Impairment of Assets Contingent Liabilities Complaints

Schedule to Financial Statements For the year ended 31 March 2010

40. Impairment of Assets

41. Contingent Liabilities

There is no material impairment of assets and as such there is no provision required in terms of Accounting Standard 28 ‘Impairment of Assets’ issued by the Institute of the Chartered Accountants of India. a Liability on account of forward exchange c o n t r a c t s L i a b i l i t y o n a c c o u n t o f outstanding Currency and Interest Rate Swap and Option contracts The Bank enters into foreign exchange contracts, currency optionsswaps, interest rate optionsswaps and forward rate agreements on its own account and for customers. F o r w a r d e x c h a n g e c o n t r a c t s a r e commitments to buy or sell foreign currency at a future date at the contracted rate. Currency swaps are commitments to e x c h a n g e c a s h f l o w s b y w a y o f interestprincipal in two currencies, based on predetermined rates. Interest rate swaps are commitments to exchange fixed and floating interest rate cash flows. Forward Rate Agreements are agreements to pay or receive a certain sum based on a differential interest rate on a notional amount for an agreed period. A foreign currency option is an agreement between two parties in which one grants to the other the right, but not the obligation, to buy or sell a specified amount of currency at a specific price within a specified time period or at a specified future time. The notional principal amounts of DBS Annual Report 2009 - 2010 49 l Currency: Indian rupees in thousands

39. Complaints

In terms of RBI Circular DBOD.BP.BC.No.2221.04.0182009-10 dated 1 July 2009,, the details of customer complaints ombudsman awards during the year are as under: No. of complaints pending at the beginning of the year 1 - No. of complaints received during the year 76 17 No. of complaints redressed during the year 77 16 No. of complaints pending at the end of the year 1 No. of unimplemented awards at the beginning of the year - - No. of awards passed by the Banking Ombudsmen during the year - - No. of awards implemented during the year - - No. of Unimplemented Awards at the end of the year - - Particulars 31 Mar 10 31 Mar 09 Particulars 31 Mar 10 31 Mar 09 foreign exchange derivatives contracts have been recorded as contingent liabilities. b Guarantees given on behalf of constituents As a part of its banking activities, the Bank issues guarantees on behalf of its customers. Generally, guarantees represent irrevocable assurances that the Bank will make payments in the event of the customer failing to fulfill its financial or performance obligations. c Acceptances, endorsements and other obligations These include documentary credit issued by the Bank on behalf of its customers and bills drawn by the Bank’s customers that are accepted or endorsed by the Bank. d Other items for which the bank is contingently liable Other items represent estimated amount of contracts remaining to be executed on capital account and outstanding inter-bank repo transactions. l The Bank did not hold any floating provision in its books as at 31st March 2010 PY: Nil. l Deposits as reported in Schedule 3 include deposits kept by customers as margin against credit facilities INR 1,208,710 thousands PY: INR 1,958,647 thousands. l The bank has transferred an amount of INR 117,208 thousands standing in Investment Reserve account to Balance in Profit and Loss Account. l Apart from the above, there was no draw

42. Other Disclosures