INDIA
Published on Saturday, June 27, 2015 vol l nos 26 27
EPW
Economic Political Weekly
28
SCHEDULES TO FINANCIAL STATEMENTS AS AT 31 MARCH 2015
Currency: Indian rupees in thousands
42. Employee share based payments
Continued
A reconciliation of employee share based payment movements in number of shares during the year ended 31 March 2014 is shown below:
Category Year
No. of unvested Granted Additional
Vested Lapsed
No. of unvested shares as at
shares for shares as at
31 March 2013 rights issue
31 March 2014
Restricted Share Plan 2010
41,341 –
– 41,341
– –
2011 69,941
– –
24,649 5,711
39,581 2012
69,364 –
– 17,999
4,278 47,087
2013 50,220
– –
– 152
50,068 2014
– 103,468
– –
– 103,468
Chairman’s Recognition 2010
5,056 –
– 5,056
– –
Award 2011
18,529 –
3,050 8,593
4,344 8,642
2012 48,850
– 400
15,587 2,000
31,663 2013
61,700 –
– –
– 61,700
2014 –
71,600 –
– –
71,600 The weighted average fair value of shares awarded as shown above were in the range of SGD 14.10 – SGD 15.86.
The charge to Proit and Loss Account for the year ended 31 March 2015 was INR 88,029 thousands Previous Year: INR 88,343 thousands. Liability on account of share based payment as at 31 March 2015 is INR 23,750 thousands Previous Year: INR 20,834 thousands.
43. Complaints
In terms of RBI Circular DBOD.BP.BC No.8 21.04.0182014-15 dated 1 July 2014, the details of customer complaints and Banking Ombudsman awards during the year are as under:
Particulars 31 Mar 15
31 Mar 14
No. of complaints pending at the beginning of the year
5
1 No. of complaints received during the year
283
593 No. of complaints redressed during the year
286
589 No. of complaints pending at the end of the year
2
5
Particulars 31 Mar 15
31 Mar 14
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
– –
44. Impairment of Assets
There is no impairment of assets and as such there is no provision required in terms of Accounting Standard 28 ‘Impairment of Assets’.
45. Contingent Liabilities
a Claims against bank not acknowledged as debt This includes liability on account of income tax demands raised against the Bank that are referred to various authorities. The
Bank does not expect the outcome of these proceedings to have a material adverse effect on the Bank’s inancial conditions, result of operations or cash lows.
b Liability on account of forward exchange contractsLiability on account of 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. Forward exchange contracts are commitments to buy or sell foreign currency
at a future date at the contracted rate. Currency swaps are commitments to exchange cash lows by way of interestprincipal in two currencies, based on predetermined rates. Interest rate swaps are commitments to exchange ixed and loating interest
rate cash lows. 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 speciied amount of currency at a speciic price within a speciied time period or at a speciied future time. The notional principal amounts of foreign exchange and derivatives contracts have
been recorded as contingent liabilities.
INDIA
Economic Political Weekly
EPW
Published on Saturday, June 27, 2015 vol l nos 26 27
29
SCHEDULES TO FINANCIAL STATEMENTS AS AT 31 MARCH 2015
Currency: Indian rupees in thousands
45. Contingent Liabilities
