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Malwa Gramin Bank, Head Office, Sangrur
BALANCE SHEET AS ON 31st March 2012
            ( Rupees in thousands)
Particulars                               Schedule              As on 31.03.2012        As on 31.03.2011
CAPITAL & LIABILITIES 
1. Capital 1 10000 10000
2. Reserve and surplus  2 973725 875405
3. Deposits  3 6496635 5638355
4. Borrowings  4 2420969 1525007
5. Other Liabilities & Provisions 5 418511 216714
TOTAL   10319840 8265481
Property & Assets 
1. Cash and Balances with RBI 6 335581 353946
2. Balances with Banks & Money at Call & Short Notice  7 1628968 968345
3. Investments 8 1825960 1833819
4. Net Advances  9 5779270 4693382
5. Fixed Assets  10 8476 18312
6. Other Assets  11 741585 397677
Total   10319840 8265481
7. Contingent Liabilities 12 0 0
8. Bills sent for collection   0 0
9. Summary of significant accounting policies 17 ---- ----
10 Notes on accounts 18 ---- ----
       
  Text Box: AUDITOR’S REPORT
In terms of our separate report of even date. 
 
Chartered Accountants
 

       Partner 
 
 
 
   
MALWA GRAMIN BANK, HEAD OFFICE, SANGRUR
Profit & Loss Account for the year ended 31st March,2012
              (Rupees in thousands)
Particulars                              Schedule             As on 31.03.2012        As on 31.03.2011
I.  INCOME 
1. Interest earned 13 808969 623420
2. Other Income 14 38625 33781
Total   847594 657201
II. Expenditure 
1. Interest expended 15 526365 377101
2. Operative expenses  16 159315 135244
3. Provisions & Contingencies    18894 10499
Total   704574 522844
III. Profit & Loss       
1. Profit for the year    143020 134357
2. Provision for Income Tax    44700 40822
3.Provision for Fringe
Benefit Tax 
  0 0
4. Net profit after tax   98320 93535
iv. Appropriations
1. Transfer to Statutory Reserves   19664 18707
2. Transfer of difference in refund for financial year 2006-07 to advance tax   0 0
3.  Transfer to Revenue and other Reserves.   78656 74827
Total   98320 93534
       
       
  Text Box: AUDITOR’S REPORT
In terms of our separate report of even date. 

Chartered Accountants
 

       Partner 
 
 
 
   
SCHEDULE-1 
CAPITAL
               (Rupees in thousands)
Particulars                                                       As on 31.03.2012       As on 31.03.2011
AUTHORISED CAPITAL
100000 Shares of Rs.100/-each                                                                                                             10000                                    
TOTAL   10000 10000
Issued, Subscribed, Called - up & Paid-up Capital   10000 10000
Govt. of India  5000    
(50000 Shares of Rs. 100/- each fully paid)
State Bank of Patiala   3500    
(35000 Shares of Rs.100/- each fully paid)
Govt. of Punjab  1500    
(15000 Shares of Rs.100/- each fully paid)
TOTAL 10000 10000 10000
     
     
SCHEDULE-2  
RESERVES & SURPLUS  
       
        ( Rupees in thousands)  
Particulars                      As on 31.03.2012       As on 31.03.2011  
1.  Statutory Reserves      
       i. Opening Balance 315574 296867  
       ii. Additions during the year 19664 18707  
       iii. Deductions during the year 0 0  
2.  Revenue and other Reserves      
       i. Opening Balance 559831 485004  
       ii. Additions during the year 78656 74827  
       iii. Deductions during the year 0 0  
Total  973725 875405  
     
       
SCHEDULE-3  
DEPOSITS   
       
     ( Rupees in thousands)  
Particulars                   As on 31.03.2012       As on 31.03.2011  
(A)1. Demand Deposits      
I. From Banks 0 0  
II. From Others  106298 48109  
2. Saving Bank Deposits  2123962 1955784  
3. Term Deposits      
I. From Banks 0 0  
II From Others 4266375 3634462  
TOTAL (1, 2 & 3) 6496635 5638355  
(B) 1. Deposits of Branches in India  6496635 5638355  
    2. Deposits of Branches outside   India 0 0  
TOTAL 6496635 5638355  
       
SCHEDULE-4  
BORROWINGS   
        ( Rupees in thousands)  
Particulars                     As on 31.03.2012       As on 31.03.2011  
1. Borrowings in India       
    I. Reserve Bank of India  0 0  
   II. Other Banks (SBOP) Refinance 12006 115000  
   III. Other Institutions & Agencies
        (NABARD)
2408963 1410007  
   iv. Others  0 0  
2. Borrowings from outside India 0 0  
TOTAL 2420969 1525007  
       
 SCHEDULE-5   
OTHER LIABILITIES & PROVISIONS  
         (Rupees in thousands)  
Particulars                     As on 31.03.2012       As on 31.03.2011  
I Bills Payable (Banker Cheques issued) 3391 1919  
II. Inter-office Adjustments (net) 0 9425  
III. Interest Accrued 20745 16365  
IV. Others (Including provisions)  394375 189005  
TOTAL 418511 216714  
     
     
     
 SCHEDULE-6   
CASH AND BALANCE WITH RESERVE BANK OF INDIA  
       
        (Rupees in thousands)  
Particulars                     As on 31.03.2012       As on 31.03.2011  
1.Cash in hand  29581 18946  
2. Balances with Reserve Bank of India       
    I. In Current Account  306000 335000  
    II. In Other Accounts 0 0  
TOTAL (1 and 2) 335581 353946  
       
       
       
SCHEDULE-7  
BALANCES WITH BANKS & MONEY AT CALL & SHORT NOTICE  
       
        (Rupees in thousands)  
Particulars                     As on 31.03.2012       As on 31.03.2011  
1. In India       
I. Balance with Banks      
    A) In Current Accounts  23823 23685  
    B) In Other Deposits Accounts  1605145 944660  
II. Money at call & short notice       
    A) With Banks ------ ------  
    B) With Other Institutions  ------ ------  
TOTAL (I & II) 1628968 968345  
2. Outside India  ------ ------  
TOTAL (1&2) 1628968 968345  
       
SCHEDULE-8  
INVESTMENTS  
      (Rupees in thousands)  
Particulars                     As on 31.03.2012       As on 31.03.2011  
I. Investments in India in      
    i.  Govt. Securities (at Cost) 1797963 1797963  
   ii.  Other approved securities  ---- ----  
   iii. Shares  ---- ----  
   iv. Debentures and Bonds 30006 30006  
   v.  Others (SBI,UTI Mutual Fund) 12000 17000  
TOTAL 1839969 1844969  
II. Investment outside India ----- -----  
Grand total (I and II) 1839969 1844969  
III. Investment in India      
i.       Gross value of investments.  1839969 1844969  
ii.     Aggregate of provision for depreciation/ Amortization -14009 -11150  
iii.    Net Investments 1825960 1833819  
IV.  Investments outside India  ---- ----  
i.       Gross value of investments 0 0  
ii.     Aggregate of provision for depreciation 0 0  
iii.    Other Investments (to be specified) 0 0  
     
     
     
     
SCHEDULE-9  
ADVANCES  
      ( Rupees in thousands)  
Particulars                    As on 31.03.2012       As on 31.03.2011  
I. A. i Bills purchased and discounted 0 0  
       ii. Cash Credit, Overdrafts and Loans payable on demand 3146224 2381127  
         iii. Term Loan 2667821 2335031  
TOTAL of A
(Gross Advances)
5814045 4716158  
B. i. Secured by tangible assets (includes advances against book debts) 5798293 4704318  
    ii. Covered by Bank/Govt. Guarantees 0 0  
    iii. Unsecured 15752 11840  
TOTAL of B
(Gross Advances)
5814045 4716158  
C. I Advances in India       
        i. Priority Sector 5726584 4629595  
        ii. Public Sector --- ---  
       iii. Banks --- ---  
       iv. Others 87461 86563  
TOTAL of C (Gross Advances) 5814045 4716158  
    II. Advances Outside India      
TOTAL of I & II
(Gross Advances)
5814045 4716158  
Gross Advances 5814045 4716158  
Less: Provision for bad & doubtful assets -34775 -22776  
       
Net Advances 5779270 4693382  
     
     
 SCHEDULE-10   
FIXED ASSETS  
        (Rupees in thousands)  
Particulars                     As on 31.03.2012       As on 31.03.2011  
1. Premises  ---- ----  
2.  Other Fixed Assets  (including furniture and fixtures)      
i.    At cost as at 31st March of preceding year 43855 25419  
ii.  Additions during the year 1261 18453  
iii.  Sales/ written off during the year  16556 17  
iv. Net Value at cost 28560 43855  
v.  Depreciation till the end of preceeding year 25543 16838  
vi. Depreciation written back 0 11  
vii. Depreciation during the year -5459 8716  
viii. Total Depreciation  20084 25543  
ix. Book Value of fixed assets 8476 18312  
2A  Leased Assets  0 0  
Total (1, 2 and 2A) 8476 18312  
     
     
SCHEDULE-11  
OTHER ASSETS  
        ( Rupees in thousands)  
Particulars                     As on 31.03.2012      As on 31.03.2011  
i. Inter – Office adjustments (net)  101873 0  
ii. Interest Accrued  on Investments 189643 81518  
iii Interest accrued on advances 164658 123594  
 iv Income Tax paid in advance/tax deducted at source 172109 126416  
v. Advance fringe benefit tax paid 210 210  
vi. Stationery & Stamps  444 127  
vii.  Non banking assets acquired in   0 0  
     satisfaction of claims   
viii. Others 112648 65812  
TOTAL 741585 397677  
     
     
SCHEDULE-12  
CONTINGENT LIABILITIES  
        ( Rupees in thousands)  
Particulars                     As on 31.03.2012       As on 31.03.2011  
Contingent liabilities 0 0  
Total  0 0  
       
       
SCHEDULE-13  
Interest earned  
      ( Rupees in thousands)  
Particulars                     As on 31.03.2012       As on 31.03.2011  
i. Interest/ discount on advances/bills  538166 418989  
ii. Income on Investments  270803 204431  
iii. Interest on balances with Reserve  0 0  
     Bank of India & Other-inter bank funds   
iv. Others 0 0  
Total 808969 623420  
       
       
       
SCHEDULE-14  
OTHER INCOME  
        (Rupees in thousands)  
Particulars                     As on 31.03.2012       As on 31.03.2011  
I.        Commission, Exchange & Brokerage  37729 32463  
ii.  Profit on sale of investments (net) 0 0  
Less: Loss on sale of investments  
iii.     Profit on revaluation of investments 0 -37  
Less: Loss on revaluation of investments  
       iv. Other Income  896 1355  
TOTAL 38625 33781  
     
     
SCHEDULE-15  
INTEREST EXPENDED  
       
         (Rupees in thousands)  
Particulars                     As on 31.03.2012       As on 31.03.2011  
i. Interest on Deposits 417929 309095  
ii. Interest on Reserve Bank of India/ Inter-bank borrowings  108436 68006  
iii. Others  0 0  
TOTAL 526365 377101  
     
       
       
SCHEDULE-16  
OPERATING EXPENSES  
       ( Rupees in thousands)  
Particulars                     As on 31.03.2012       As on 31.03.2011  
1. Paid to staff and SPOs  120134 95082  
2. Rent, Taxes & Lighting 8790 7211  
3. Printing & Stationery 696 781  
4. Advertisement and publicity  148 226  
5. a)  Depreciation on Bank’s Property 1339 8716  
         (other than leased assets)       
    b)  Depreciation on lease assets.       0 0  
6. Directors’ fees, allowances &  6 28  
    expenses   
7. Auditors’ fees & expenses  442 344  
8. Law Charges  80 320  
9. Postages, Telegrams & Telephones etc. 678 707  
10. Repairs & Maintenance  666 952  
11.Insurance  5945 7029  
12. Other expenditure  20391 13848  
TOTAL 159315 135244  
     
     
Detail of Schedule No.5    
 Others (Including Provisions)     
    ( Rupees in thousands)
Sr. No.  Particulars  As on 31.03.2012 As on 31.03.2011
1 Provision for Statutory Auditors 349 329
2 Prov.for employee under suspension  36 446
3 Sundry Deposits 367 396
4 Provision for Bonus 0 98
5 Provision for payment of interest on NABARD refinance 6316 12379
6 Intt. Subvention Refinance 24405 14080
7 Interest Payable on SBOP Refinance 2596 1368
8 Drafts account 114283 0
9 Provisions for Standard assets 15998 11998
10 Advances under collection account 4752 4475
11 Intt.not collected 0 0
12 Provision for income tax 161216 116516
13 Provision for fringe benefit tax 210 210
14 TDS Payable 0 168
15 Subsidy Reserve Fund 27909 26542
16 Bank guarantee 1025 0
17 Unclaimed banker cheque 4295 0
18 Provision for leave encashement Liability 30618 0
  Total  394375 189005
       
  Detail of Schedule No.11  
       
   Others      
    (Rupees in thousands)
Sr. No.  Particulars  As on 31.03.2012  As on 31.03.2011
1 Advance to C-Edge Technology Ltd. 0 0
2 Public utility 68 68
3 Loss on dacoity at Ghorenab 0 446
4 Insurance Premium of Fixed Assets – Prepaid 80 74
5 Annual premium of LIC group gratuity scheme 50 55
6 Liability in constituents account 4752 4475
7 Agriculture Interest Relief 31320 10399
8 Interest Subvention 42921 49990
9 Amount Recoverable from employee under suspension 0 0
10 Suspense Account 84 305
11 bank guarantee 1025 0
12 local clg. 249 0
13 Adj. A/c 1482 0
14 Leave encashment fund with SBI Life Cap Assure 30618  
  Total 112648 65812
     
     
     
OPERATING EXPENSES as on 31.03.2012  
     ( Rupees in thousands)  
Particulars AS ON 31.03.12 AS ON 31.03.11  
1. Paid to staff and SPOs  120134 95082  
2. Rent, Taxes & Lighting 8790 7211  
3. Printing & Stationery 696 781  
4. Advertisement and publicity  148 226  
5. a)  Depreciation on Bank’s Property (Other than leased assets) 1339 8716  
    b)  Depreciation on lease assets.         0  
6. Directors’ fees, allowances &  6 28  
    expenses  0  
7. Auditors’ fees & expenses  442 344  
8. Law Charges  80 320  
9. Postages, Telegrams & Telephones etc. 678 707  
10. Repairs & Maintenance  666 952  
11.Insurance  5945 7029  
12. Other expenditure  20391 13848  
TOTAL 159315 135244  

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