INDIA
SCHEDULES TO FINANCIAL STATEMENTS AS AT 31 MARCH 2014
Currency: Indian rupees in thousands
4. Signiicant accounting policies Continued
xii Provisions, Contingent Liabilities and Contingent Assets Continued
A disclosure of contingent liability is made when there is: ●
a possible obligation arising from a past event, the existence of which will be conirmed by occurrence or non occurrence of one or more uncertain future events not within the control of the Bank; or
● a present obligation arising from a past event which is not recognised as it is not probable that an outlow of resources will
be required to settle the obligation or a reliable estimate of the amount of the obligation cannot be made. When there is a possible obligation or a present obligation in respect of which the likelihood of outlow of resources is remote, no
provision or disclosure is made. Contingent liabilities on account of foreign exchange contracts, derivative transactions, guarantees, acceptances, endorsements
and other obligations denominated in foreign currencies are disclosed at closing rates of exchange notiied by FEDAI. Contingent assets are not recognised in the inancial statements. However, contingent assets are assessed continually and if it is
virtually certain that an inlow of economic beneits will arise, the asset and related income are recognised in the period in which the change occurs.
5. Capital Reserve
Capital Reserves disclosed in Schedule 2 includes bank balances and ixed assets transferred by the erstwhile Development Bank of Singapore Ltd., Mumbai Representative Ofice to the Bank upon closure of the Representative Ofice.
6. Capital
The Bank follows RBI guidelines for calculation of capital adequacy under BASEL III requirements. Credit Risk is calculated using the Standardised Approach, Operational Risk is calculated using the Basic Indicator Approach and Market Risk is computed
in accordance with RBI guidelines with minimum capital requirement being expressed in terms of two speciic charges – Speciic Market Risk and General Market Risk. The capital adequacy ratio of the Bank, calculated as per Basel III requirement is set out
below:
Particulars As at 31 Mar 2014 As at 31 Mar 2013
As per Basel III As per Basel II
Common Equity Tier 1 capital ratio 11.77
NA CRAR - Tier I Capital
11.77 9.25
CRAR - Tier II Capital 2.04
3.74 CRAR
13.81 12.99
Amount of eligible Subordinated Debt in Tier-II 4,793,200
8,685,600 In terms of the RBI circular DBOD.No.BP.BC.8821.06.2012012-13 dated 28 March 2013, bank have been advised to disclose capital
ratios computed under Basel III Capital regulations. Accordingly, capital ratios disclosed for the previous year are as computed under Basel II guidelines and not comparable.
7. Investments
Particulars As at 31 Mar 2014 As at 31 Mar 2013
Value of investments
Gross value of investments 181,007,609
181,676,236 Less: Provision for depreciation
190,529 3,549
Net value of investments 180,817,080
181,672,687
Movement in Provisions held towards depreciation on investments
Opening balance 3,549
128,083 Add: Provisions made during the year
186,980 –
Less: Write back of excess provisions during the year to Proit and Loss account
– 124,534
Closing Balance 190,529
3,549 All investments are held in India.
INDIA
SCHEDULES TO FINANCIAL STATEMENTS AS AT 31 MARCH 2014
Currency: Indian rupees in thousands
8. RepoReverse Repo Transactions
Minimum Maximum
Daily average As at
outstanding outstanding
outstanding 31 March
during the year during the year
during the year
Securities sold under Repos i Government securities
9,519,826 59,210,842
34,052,235 57,090,000
15,349,738 52,167,990
35,158,734 42,650,000
ii Corporate debt securities –
– –
– –
– –
– Securities purchased under Reverse Repos
i Government securities –
7,499,860 48,684
– –
2,350,000 13,392
1,250,000 ii Corporate debt securities
– –
– –
– –
– –
Figures in brackets indicate previous year igures Note: The above includes LAF deals done with the RBI
9. Non-Statutory Liquidity Ratio SLR Investment Portfolio
