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NATIONAL HOUSING BANK
YEARLY ACCOUNTS
2017-18 (July, 2017 TO June, 2018)
/
S. N. NANDA & CO. CHARTERED ACCOUNT ANTS E-mai l : [email protected]
C 43, PAMPOSll ENCLAVE GREATER KAI LASH-I NEW DELlll - 110 048
PH: 91-11 -26227853, 41731475 FAX: 91-11-26227853
INDEPENDENT AUDITOR'S REPORT To THE MEMBERS OF NATIONAL HOUSING BANK
1. We have audited the accompanying financial statements of the National Housing Bank ('the Bank'), which comprises of the Balance Sheet as at 3Qth June, 2018, the Profit and Loss Account and the cash flow statement for the year then ended and a summary of significant accounting policies and other explanatory information.
Management's Responsibility for the Financial Statements
2. The Management of the Bank is responsible for the preparation of the financial
statements that give a true and fair view of the financial position, financial performance and cash flows of the bank in accordance with the National Housing Bank Act, 1987 as amended ('the Act'), and the Regulations framed there under for General Fund and for special fund in accordance with the provisions of National Housing Bank (Slum Improvements and Low Cost Housing Fund) Regulation, 1993, the accounting principles generally accepted in India,
including the applicable Accounting Standards issued by the Institute of Chartered Accountants of India and applicable RBI guidelines as issued from time to time. This responsibility also includes maintenance of adequate
accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Bank and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the
accounting records, relevant to the preparation and presentation of the financial statements, that give a true and fair view and are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility
3. Our responsibility is to express an opinion on these financial statements based
on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and
~ form the audit to obtain r~ason.able assurance about whether the financial ements are free from material misstatement.
....
4. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Bank's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by the Bank's Management, as well as evaluating the overall presentation of the financial statements.
5. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
6. In our opm10n and to the best of our information and according to the explanations given to the said financial statements, give the information in accordance with the requirements of the Act and the Regulations framed thereunder and give a true and fair view in conformity with the accounting principles generally accepted in India:
i) In the case of the Balance Sheet, of the state of affairs of the General Fund and special fund of the Bank as at 3Qth June 2018.
ii) In the case of the Profit and Loss Account, of the profit for the year ended 30th June 2018.
Place: New Delhi Date: 28th August 2018
For S. N. Nanda & Co.
Chartered Accountants
-=:Jt S.N.Nanda Partner M. No. 005909
National Housing Bank
Previous Y car ~ Ps.
14,500,000,000.00 47,765,186,181.37 12,131,923,372.15 67,099,504,029.83
360,088,946,313 .00 57,1 55,700,360.51
2,733,406,653.00 20,693, 153,873.48
354,552, 166.26 20,282, 195.00
582,542,655, 144.60
Amit Sinha
Liabilities
l. Capital 2. Reserves 3. Profit And Loss Account 4. Bonds And Debentures 5. Deposits 6. Borrowings 7. Deferred Tax Liability (net) 8. Current Liabilities and Provisions 9. 0 thcr Liabili tics
10 IILA De osit with Banks and HFCs-· as per contra TOTAL
~ ASSISTANT GENERAL M J\]\!AGER CIIIEF FINANC:JJ\L OFF ICER
Dakshita Das
M ANAGING DIRECTO R & ClllEF EXECUTIVE OHICER
New Delhi, August 28, 2018
NATIONAL HOUSING BANK
Balance Sheet
Schedules Current Y car ~ Ps.
I 14,500,000,000.00 II 63,677,478,115. 76 III 3,760,912,996.01 IV 78,585,325,799 .35 v 361,900,125,648.00 VI 86,370,627,938 .97
3,405,993,653.00 VII 20,171,830,359.16 VIII 354,552, 166.26
569,644.2_5 632,727,416,320. 76
D A~K 'I'. ~h- -r. ~r1pat1 EXECUTIVE DIRECTOR
~ Panl¢1ain DLll~CTOR
as at 30th June,2018
Previous Year
< Ps. 17,041,881 ,248.63 15,283,081 ,620.50
543,848,944,283 .65 300,919,285.68
6,047,546,511.14 20,282,195.00
582,542,655, 144.60
484 ,761,3s2.1s I
Assets
1. Cash and Bank balances 2. Investments 3. Loans and advances 4. Fixed Assets 5. Other Assets 6. HLA Deposit with Banks and lIFCs- as per contra
TOTAL
Contingent Liability
Schedules I to XV form an integral part of accounts
Schedules
rx x XI XII XIII
XIV
NATIONAL HOUSING BANK
Current Y ca r
~ Ps. 12,081,206,288.19 36,448,051,596.50
576,836,246,645 .15 372,125,494.20
6,989,216,652.47 569,644.25
632,727,416,320.76
968,131,873.00 l
As per our attached Report of even date
FOR S.N.NANDA & CO. Chartered Accountants
FIRM NO. 000685N
(S.N.NAND A)
Partner
Membership NO. 005909
National Housing Bank
Previous Year
~ Ps.
28,875,524,835.71 204,960,294.90
84,360.52 1,245,000.00
21,483,246.84 5,666,113.06 5,075,466.00
Expenditure
1. Interest 2. Staff Salary, Allowances etc. and Terminal Benefits 3. Director's & Committee Members h~es & Expenses 4. Audit Fees 5. Rent, Taxes, Electricity & Insurance 6. Postage, Telegram, Telex & Telephone 7. Law Charges 8. Stationary, Printing & Advertisment, etc.
(i ) Stationery and Printing (ii) Advertisement
9. Depreciation on Fixed Assets
:rrqtu . 3-frnl ~:J dtl.i
NATIONAL HOUSl~JG flAN~.
Profit & Loss Account
3,318,280.89 8,369,198.16
Current Year
~ Ps.
30,316,270,3 M . 00
196,883,99 J .3'1 753,090. 76
1,275,000.00 23,168,369 .'16
5,95'1,8'19.(}tl 13,0811,002. 99
2,962,038 .13 10,318,057 .34 66, 771,249. 70 61,493,990 .05 22,740,000.00 19,610,318.49
10. Brokerage, Guarantee Fee and Other Expenditure on Borrowings
11,687,tl 79. 05 70,579,0 30.:11 72,576,88 J. 75 30,700,000.00 28,510,995.85 20,000,000.00 0 .00
21,269.66 229,730,652.71
63,378,988.00 33,652,654.69
(14,520,000 .00) (595,749 .07)
346,482,969.70 211,039.00
298,432,300.00
582,847,000.00
1,292,477,250.00 4,582,679,620.32 8,475,331 ,963.48
15,188,064,929.23
~ Amit Sinha
11 . Stamp Duty on Borrowings 12. Travelling Expenses 13. Corporate Social Responsibility Expenditure 14. Prior Period Expenses
15. Other Expenditure 16. Depreciation/ Amortisation on Investment 17. Exchange Loss/(Gain) 18. Loss on sale of Investments 1 9. Loss on Sale of Fixed Assets 20. Interest paid on SW AP deals 21. Provision for Non Performing Assets/ Restructured Account 22. Provision for Standard Assets 23 . Provision for Bad & Doubtful Debts lJ /s 36(1)(viia)(c) oflncome
Tax Act, 1961 24. Deferred Tax 25 . Income Tax 26. Profit carried to Balance Sheet
TOTAL
~~'..'.-\..--. -Rakcsh Awasthi
ASSISTANT GENERAL MA:\J\GER C:lllEF Fl NAN CJ J\ L OFFI CE R
Dakshita Das
M A NAGIN G DIRECTOR & CHIEF EXECUTIVE OFFICER
New Delhi, August 28, 2018
8,671,6-16 .69
231,127,3 23. 79 73,205,300 .00
211,929,0'13 .611 13,850,000.00
72 3,778.00 446,268 ,S 7 l .76
0. 00 269,378, 165.91
544,116,000.00
672,587,000 .00 3,493,125,000 .00 7,511,083,659. 51
44,301,112,511.11
;;c;= rl~ Dr. Ashwani Kumar Tripathi
EXECUTIVE DIRECTOR
~~·n mRZcicw
-l rr~r.u . :JfT\ H•H dc l~
NATIONAL HOUSING BANK
for the year ended 30th June,2018
Previous Year
Ps.
39,690, 703,088.91 1 ,265,705,334.62 1,967,805,784.46
233,720,589.55 171,010,236.67
1,898,306,997.68 (40,085,194.00)
655,135.34 242,956.00
45,188,061,929.23
Income Current Year
Ps.
1. Interes t and Discount (i) Loans & Advances !\ 1,31 7,510, 178.97
(ii) Bank Deposits 11 2,985 ,247.29 41,430,525,426.26 1,978,498,918.86
252,221,583.15 47,522,467.83
464,581,533.22 46,592,536.00
463,884.48 80,736, 194.31
2. Income from Investments 3. Profit on Purchase and Sale of Mutual Fund 4. Other T ncome 5. Provisions no longer required written back 6. Amortisation of Premium on Forward Exchan ge Co 7. Amortisation of premium on bonds 8. Prior Period r ncome
TOTAL 14,301,142,514.1 1
Schedules I to XV form an integral part of accounts
As per our attached Report of even date
l~OR S.N.NANDA & CO.
Partner
Membership NO. 005909
5
Schedules to the Balance Sheet as at 30th June,2018
SCHEDULE - I
CAPITAL
Previous Year Description
Ps.
11,500,000,000.00 1. Authorised
14,500,000,000.00 2. Issued and Paid -up Capital (wholly subscribed by Reserve 13ank of India)*
14,500,000,000.00
•i;Tcasc cfq to Para i'io. 39 of >:otcs to Accounts v L
Current Y car
Ps.
14,500,000,000.0()
14,500,000,000.00
14,500,000,000.00
Schedules to the Balance Sheet as at 30th June, 2018
SCHEDCLE - II
RESERVES
Description
1 . Reserve Fund .. .. ...... ...... ..... .... ..... ..... .. ...... .. ....... ....... ..... ....... .. ...... .. , ... ....... .... ... .. ....... .... .. .... ... ..... .. ... ...... ..... 2. Special Fund (Slum Improvement & Low Cost Housing Fund) .. .... ..... .. .... ... .. .. ... ......... ... .. .... ... .. ... ... .... .... ... ........ ......... ............... .. ......... ...... .. ... ... ....... ..... ... ...
3. Special Reserve in terms of Section 3h(1)(viii) of Income Tax J\.ct, 1961 ~ ·,~v.•~ •-• v ' •-• V ••.• v -~, •-• .V • V • • · ~·-• •.• • • w•"vv • • • w •.• ••v.•••-• ,., ·~v~_.,.,,~_,_.,,,,,,_ • .,,,.,, •, •vv•.v .v ,_.,_,,, •• • • •
4 . Investment Fluctuation Reserve ._ •• _ . ........ . . .. _._._.._._._. _._.._ • • _._._ • • _ •• _ • • _ • .__ • •• • • _ • •• _ • • _ •• • ••• • ••• • ••••• ._. • • • _. •• _._. • •• • _. ....... . _. "J-'_,.._._._. ....._,....._._ •• • • _._. . , . _. "J-' •• • • • • _. _. • • _._. ._._._ .. ...... . ... . . . ... _ • ••• • •
5. Staff Benevolent Fund (SBF)
Total
#I ncluding interest ea rn ed on bank deposits of Rs. 35,312,743/-
Balance as on
01.07.2017
3-1,986,502,733.09 .... .... .. ...... .. ........ ... ... .. .. ..... .......
-1,103,-185,427.57 .. .... ..... ....... .. ... .............. ... .... .....
7,93 5,094,100 .00 . ._._._. ..... _ .. _ .. _._._ .... .._ .. _.._._._ . ._.'""-..... . _ ....... . _ . ..........,. .... _ .. _ . .,._.._._._._._._.
200,796,250 .00 . .. _._. .... ..... ... ._. .... ...... .._ ... ..__ ... ....... _ ... .. _
:53 9,3 07,670.71
47,765,186,181.37
7
Amount in\
Balance as on Additions Deductions
30.06.2018
13,973,798,808.16 0 .00 -t8 ,960,301 ,5-11.2S . , ... .. .. ...... ............ ... ... .. ....... .... ..... .. .. . .... .. ...... ..... .. ...... .... .. .. ... .. ... .. .. .. . . . .. .... . . ... & . . . ... .. . . . . ....... . ....
123,3-19,585 .52 0.00 -1,226,835,013 .09 "''"' "'" ""'' '' " n ' " ' ' "''"' ''"' ' """ " ' " " ' " '' " '' " ' .... ... ................. ........ .... .. .. ..... ... .... ..... ........... ......... .... .....
1,784,9-1:5,6-12 .00 0.00 9,720,039,742 .00 "-'-' -""-'--"-'-" '-" -'-'J.-1'-"-"-'-' -"-"-'-'-"-> '-' -"-'J...•-'--'--L' _,._,_,_,._.._....._,._._.,_.._, ~_. _,._._,_._.-'-YJJJJ-"' ''-' '-"-'-"-'-Y-'' '-' ' --'-'>"-' "-' ' A _._.__._., . , ,_.._,_.,,,_, ,..._.__. ._. ,_._,_._,,_.__,_._.._. ._........_.,....vuuJ .J>Jo...._._._.
0.00 0 .00 200,796,230 .00 . ._ ...... .._ .. .._ .... _. .. _. .......... ........ . ._._._._._._. . ._ .. _._ .. _.._. ._.~_._._. v ~ ··.v •,.,, • .,_ ,, . , ...... • • •• ••• •••• , .. _._. ...... .. . __. ... _ .... ....... . _.. _ ........ ... _ ... _. .. ._. ..
35,312,7-12.59 # 5,11-±,843.88 569,505,569 .-12
15,917,406,778.27 5,114,843.88 6 3 ,6 77,4 7 8 ,115. 7 6
SCHEDULE - Ill
National Housing Bank
Schedules to the Balance Sheet as at 30th June, 2018
Previous Year Schedules Ps.
PROFIT & LOSS ACCOUNT
0.00 B;1 hrnct' of l'n1fit brought forward
8,.175,331,96.'.48 Baldl1l' l' as iwr Profit and Loss Account
0.00 !\dd .
0.00 1\ dd: (,1 ) Trclnsfl'r from '.-l6(i)(\·iii) to 1'l'Sl'J'\'l' Fund
5,869,-J. ·!7,937.79 !\dd: (<1) Transft'r from Rl'Sl'ffP Fund
J,91 ·1,956,000.00
82,381,000.00
0 ()()
215 ,519,529.1 2
12,131,923,372.15
Less : /\p/'r<'prillfio11s:
(,1) T1«1 nslt'r to Spt'ci,1 l Rl'Sl'ITL' u / s 36(1 )(viii) of Inrnnw T,1x /Vt, J 96 J
(h) Tnrnsfl'r to Stt1ff Bl'rn'voll'nt Fund
(<) !'rclnsfl'r tl> Rl'Sl'J"\"l' Fund
(d) Profit of Spt'Cia I hmd (Slum Imprn\"l'll1l'lll and I .ow l ' ost J lousing Fund) transf,'rrl'd
to Spt'<·i,i! hmd 1\jc
,_,/ .... ~~· ·· \
r 11 ' , . ,\ / .
A
0.00
0.00
0.00
!'.\, 973,798,808 .16
123,349,585.52
Current Ye.u
Ps.
12, l :; j ' lJ2.»,.l 72 . 15
7,511,08 :»,o 'i Sl. 5 I
(l.011
15,88 2,1191,1n:1c,s
3,760,912,996.01
SCHEDULE - IV BONDS AND DEBENTURES
Previous Year Ps.
9,570,073,561.00 8,750,000,000.00
t\6,406,430,468.83 2,373 ,000,000.00
67 ,099,504,029 .83
Description
1. Zero Coupon Bonds 2. NHB Bonds 3. Priority Sector Bonds:
(a)Tax-frec Bonds (b )Special Series Bonds
9
t\6,t\05,966,581\.35
Current Year Ps.
10,166,359,215.00 20,000,000,000.00
2,013,000,000.00 48,418,966,584.35 78,585,325,799.35
SCHEDULE - V DEPOSITS
Previous Year
Z Ps.
275, 147 ,221 ,837 .00
82,551) 175,000.00
2,390,549,476.00
360,088,946,313.00
Description
1. Deposit from bank under Rural housing fund
2. Deposit from bank under Urban Housing fund
3. Other Deposits from Public
Current Y car
~ Ps.
255,000,000,000.00
105,000,000,000.00
1,900,125,618.00
361,900,125,618.00
SCHEDULE - VI BORROWINGS
Previous Year Ps.
52,450,000.34
2,210,000,000.00
31,000,000,000.00
12,771,922,283.05
11,121 ,328,077.12
57,155,700,360.51
Description
1. From Reserve Bank of India:
Linc of Credit
2 . From Other Sources :
(a) In India
(i) Borrowings against Term Dcpostis
(ii) Borrowings through Term Loan
(b ) Outside India
3. CBLO Borrowings
Current Year Ps.
26,100,000. 31
4,000,000,000 .00
10,000,000,000.00 44,000,000,000.00
13,657,694,657.45
28,686,833,281.1 8
86,370,627,938.97
SCHEDULE - VII CURRENT LIABILITIES AND PROVISIONS
Previous Year
Ps .
14,650,088 .00 2, 130,988,833 .19 1,700,767,974.24
1,890,640.97 28 1,024,379.29
57,023,806.00
13,061,588.00 47,070,701.00 67,395,082.00 17,321,451.00 60,816,961.00 44,254,916.00
2,175,395,900 .00
3,889,52 1,940.50
905,036.00 100,000,000.00
2,230,278.75 218,042.00
276,848,088.83 6,767,230.00
36,342,541.00 28,945,849.00 17,64 1,330.50
329,617,554.18
12,00 1, 170.98
262,252,358.00 308,066,897.00
5,383,536,055 .00 426,597, 181.05
20,693,153,873.48
Description
l . lntcrest Payable (a) l j nclaimed Interest (b) Interest Payable on other Bonds & Debenture (c) lnterest payable on deposits (d ) Interest Payable on CBLO Borrowings (e) lnterest payable on other Borrowings (f) Interest Payable on SW AP deals 2. Provision for Retirement Benefi ts:
(a) Med ical Expenses for Retired Officers (b) Leave Encashment (c) Grauity (d) Leave Travel Concession (e) Sick Leave (f) Pension 3. Other Provisions:
(a) Contingent Provision against Standard Assets (b) Provision for Bad and Doubtful Debts u/s 36( 1) (viia) (c) of
Income Tax Act, 1961 (c) Provision for Diminution in the Value of Restructured Ale ( d) Provision for Contingencies (e) Provision for IILA deposits (f) Other Provisions (g) Statutory Liabilities & Others 1. Redemption Payable Account 5. Capital gain bonds overdue account 6. Sunidhi /Suvridhi Overdue 7. UN J !A BITAT Revolving Fund for Water & Sanitation Projects 8. Amoun t received under 1 % In terest Sub vention Scheme
9 Amount rece ived under Interest Subsidy Scheme for I lousing the · l j rba n Poo r
10. Amou n t received Under M NRF Subsidy Scheme 11. Amount received under Rajiv Rinn Yojan a 12. Amount received under Credit Lin ked Subsid y Schem e (CLSS) 13. Oth er Liabilities: 11 . JOT
14,817 ,080 .00 2,376,626,575.1 8 5,097, 153, 143 .00
9,777,812.56 227,333 ,183.06 115,117,628.00
10,819,787.00 52,787,313.00 68,124,622.00 18,140,363.00 60, 134, 161.00 42, 166,528.00
2,311,385,165.94
4,133,937,940.50
211,039.00 100,000,000.00
2,230,278.75 2,000,000.00
320,742,916.08
NATIONAL HOU SING BA NK
Current Y car
Ps.
7,840,82 5/ 12 1.80
252,1 72 ,771.00
7, 170,507,3110.27 7,06 1,605 .00
32,6511, 707. 00 43,287,669. 00 17,61 1,330.50
153,363,3'15.3 7
12,2·17, 182 .00
278,31 1!,SSO.OO 326,1J 11,(H3.00
3,511 ,162,6S9 .00 440,5811,273.1 •I
85,263,159.08 20,171 ,830,359.16
SCHEDULE - VIII Other Liabilities
Previous Year
Ps.
1 ,643,538 .22 352,908,628 .04
354,552,166.26
Description
1. Unsettled Transactions of 1991 -92 2 . Interest Payable on Unsettled transactions
Current Year Ps.
1,643,538.22 352,908,628.04
354,552, 166.26
SCHEDULE - IX CASH AND BANK BALANCES
Previous Year
Ps .
19,369.73
228,095.17
6,355,187,886.99
7,000,378, 148.00
422,559,452 .00
3,263,508,296.71
17,041,881,248.63
Description
1. Cash I Cheques in Hand
2. Current Account with Reserve Bank of India
3. Balance with Other Banks
(a) In lndia
(i) Current Accounts
(ii) Term Deposits Banks/Fis
(iii) Term Deposits with banks (SBF)
(b) Outside India
T erm Deposits W ith Banks
4,603 ,616,115 .26
4,000,000,000.00
539,600,000.00
Current Year
Ps.
21,267.73
407,7M .95
9,143,216,J J 5.26
2,937,558,J !J0 .25
12,081,206,288.19
SCHEDULE-X INVESTMENTS
Previous Year Ps .
5,597,741,300.00
23 ,985,088.00
8,466,600,000 .00
I ,212,725,408.50
5,300,000.00 5,300,000.00
0.00 15,283,081,620.50
Description
1. Securities of Central and State Government at cost or market value whi chever is less (a)Govt Security(Plcdged with CCTL for CBLO Operations) Less : Depreciation (b)Tre~sury Bills (P ledged with C:CIL for CBLO opera lions)
2. Stock, Shares, Bonds, Deben tures and Securities of I lousing Finance Institutions
3. Stock, Shares, Bonds, Debentures and Securities of other Institutions: (a)Shares of Building Material Company
Less: Depreciation
(b)Share of other fnstitutions
15
5,300,000.00 5,300,000.00
I ,000,500,000.00
69,81 11,000.00
0.00 7,260,100,000 .00
Current Year Ps.
930,686,000.00
27,852,640,188.00
404,325,408. 50
7,260,400,000.00
36,448,051,596.50
SCHEDULE-XI LOANS AND ADVANCES
Previous Year ~ Ps.
395,406, 705,256. 72 20, 173,000.00
134,319,263, 758.93 10,575,905,817.00
1,569,150,944.00
2,296,744,332 .00 544, 187,943,108.65
338,998,825.00 543,848,944,283.65
Description
I Refinance 1. I lousing Finance Institutions : (a) I lousing Finance Companies (b) Co-Operative 1 lousing Finance Societies 2. Scheduled Banks: (a) Commercial Banks (b) Regional Rural Banks (c) Urban Co-Operative Banks II Direct Lending 3. I lousing Boards,Development Autho rities Etc Gross Loans and Advances Less: Provisions for Non Performing Assets Net Loans and Advances
371 ,946,633,698.22
;rrc;J.-h:i . 8-Tnll71 1'1 <1>
NA TIONAl HOUSING ll/INK
Current Y car ~ Ps.
2,615,000.00 371,949,248,698.22
193,692,064,364.93 8,467,360,666.00 1,646,988,121.00 203,806,413, 151.93
1, 126,660,620.00 576,882,322,470. 15
46,075,825 .00_ 576,836,246,645.1 5
Schedules to tre Balaoce Sheet as at 30th Ju ne, 2018
SCHEDCLE-Xll
FI>.."ED ASSETS
Des cription
:...A:\J - :._;: ,,s:: :"o:...:J
: • .'1'.\;-J - :0:<E:::HO:...:)
As a t
01 .07.2017
63, :87, :9: . .;o
?~E\ : :o;:::s I 309,39-:,987.:1
\ :o-:-cn \·::: c;:c_::: 1 '.9,103, :os.oo
::-:..:R.:\:-:-:...·:< c: ...\:\:) ;o;x-;·c.:RE I 26, 191,664. 00
o:o:o:c:: EQ:.: :?\'. :O::\TS I 26, 207,282.74
CO \'.?:...-:- :::R. ..\:\J \::CR.O"ROCE~ 167,962,342.54
co ~ : ?c-:-:::< sor.1Y . .\:<E 1 77,579,836.87
Ass:::-:-s :...·:\:::JE:R. RESl:JE::\C:O: F'....'R~ 1, 508,220.00
RES:;)::::\·:-:A :... ":...'R:\ :S:.C: ::\G SC::-1 3 1,024,904 00
:{::s::-i:::>::-:A :. ":...'R:\ :s: =::\G sc:-:3 .;s3,3:b oo
Total I 691,134,632.66
Pll'\·iuu > yNr I 621,407, 949. 68
COST BLOCK
Additions I Deletions
:3,855.00
- , 5-::,226. CO : , 031 , 575. 37
:,856,573.56 2,035,463.00
55, 5; 3, 053 . .;9 : ,098,294. 54
15, 107,: 99. 00
375, '.82.00 519,5:9. 00
:.;,500.00 299,752.00
36C,68?..00 2:9.70:-.00
74, 393, 834. 05 5,598, 700. 91
77,385,008.16 7,658,325.18
I As at As at Adjustments
30.06.2018 01.07.2017
76,330, 083. x : :;o,5: 8, : 74.-:o :3,..;32,088. : ..;
39,355,54-;.X 39,355,5-:4. 00
(: : 5, 68b, 527. OC) : 93,708, .;60. : : I ~3; ,299, :~5 .39
'. 9,080,253.CO 8, 579,33.; 00
25, 80:,3:4. 63 :s,s..+o,44:.34
26,('28,393.30 23, 592,05b.4b
222,377,70:_..;9 : 35, 688,-:62. 75
92, 687, 035.87 61 , 016,.;3.; 90
: , 363, S83. 00 : ,067,38.; 00
739,b52.GO 8: 6,263 oc
b2~,:!3: CJ 25:, :2L OC'
759, 929, 759. 80 390,215,346. 98
691, B1,632.6b 330, 692, 392. 83
Amount in ~
DEPREOA TIO:\ KET BLOCK
As at As at As at Additions I Deletions Adjustments
30.06.2018 30.06.2018 30.06.2017
.. 036,9C3 . .;Q I I
._ ., ~ ,~ . . -- o.;o ·1 9 28 1 ~ ... , ""1" 1 ~ , ';); . " "g --2 26 1 136,098,602.1-: 49, 755, 103. 26
39,355,y.;_;. co
8,268,b03. :8 57,3%, :89 5:) 82,: 7; ' 559. 07 :: :,53b, 90:. r,_; :78, 095,8-::.72
3,39: , 098.00 : : '07Q,.;32. oc 1,; : 8,82: .oo 10,323,77.;. :JO
1,982,854 . .;5 :,282,76-:.} : :0,2.;o, 528. o8 9, 560, 785. 95 10,65:,222.66
: '602, 988. 00 2,035,.;23.00 23, :59.62: . .;b 2,868,71 .8.; 2,b'. 5,126. 28
42,369,257. 52 897, 08/.0Q 8, 229,: 94. : 2) :68,930,839. 15 53. -i46, 8b2. 34 32,273,879.79
11,81.;,992.96 8,229, 194.: 2 81,060,621. 98 11,626,413.89 16,563, 401 .97
2,333.00 328,626.00 85:, 091.00 512,792.00 440,830. 00
.;9,9; 9. 00 22.;,.;39 00 !h'.,743. 0C 97,909.00 208,6.;i. OO
62,4:4.00 : r,_;,:31.on 109.348 oc .;: .;,SS3. CO 232, :95.00
70,579,030.51 4,544,503.11 IJS,445,608. 78 387,804,205.60 372,125,494.20 300,919,'.!85.68
68, 166, 793. 54 8,M3,839. 39 390,215,346. <JS 300, 919,'.!85.68 290, 715, 556. 85
*:Je~a : :s o!· :r~:a r~g1bJe Assets Amou nt m Z
Descrip tion
CO :-.l PL:TER SOFT WAR E
As a t
01. 07.2017
77,579,836.87
COST BLOCK
Add itions Deletion s
15, 107, 199.00
Adjus tments As at
30.06.2018
92, 687, 035. 87
As at
01.07.2017
61,016,-*34. 90
17
DEP REGA TIO:\'
Additions Deletions A djustments
1,81-t,992.96 8,229, 194.12
As at
30.06.2018
81,060,621.98
NET BLOCK
As at
30.06.2018
l 1, 626,413.89
As at
30.06.2017
16,563,401. 97
SCHEDULE - XIII OTHER ASSETS
Previous Year
Ps.
528,885,949.65 428,433,865.43
105,603,259.34 1 ,575,403,097.68
4,604,007.00 4,604,007.00
42,573,348.56 241,312,284.00
513,481,498.00
1,502,227,540.29 1,493,719,463 .19 (384,093,795.00) 6,047,546,511.14
Description
1. Interest Receivable: (a)Banks Deposi ts (b)lnvestment
2.Advances, Receivables, Advance Tax & Prepaid Expenses: (a)Staff Loans and Advance (b)Advance Tax, FBT, TDS etc (c)MisceUaneous Recoverable
Considered Doubtful Less : Provisions
(d)Prepaid Expenses (e)Deposil with CCIL including Interest Receivable (f)Amount recoverable from GOl against exchange loss on USJ\ll) Borrowing (g)Others
3. Unsettled Transaction of 1991 -92 1. Provision for Loss on foreign Exchange
SCHEDULE - XIV CONTINGENT LIABILITIES
Previous Year Description
1,601,007.00 1,601,007.00
481,162,889.00 3,598,493.15
J.
2.
Liability on account of Forward Exchange Con tract Performance Linked Incentives to ED's
484,761,382.15
39,759,649.58 1,225,442,845.29
146,649,012.34 1,782,502,590.68
0.00 38,347,781.50
431,404,078.00
546,298,272.00
677,878,697.79
Current Year
Ps.
l ,265,202,tl9 11.87
3,623,080,132.3 1 1,766,201 ,1.63.19
334,732,262.1 ()
6,989,216,652.17
Current Year
963,632,252.00 4,499,621.00
968,1 3 1,873.00
SCHEDULE-XV
Notes forming parts of the accounts for the year ended 3Qth June, 2018
(A) Significant Accounting Policies
1. Basis of Preparation
The financial statements arc prepared under the historica l cosl convention, on the accrual basis of accounting, unless otherwise stated and arc in accordance with the Generally Accepted J\ccounting Principles (GJ\ /\P) in India, which encompasses applicable statutory provisions, J\ccounlant Standards (/\S) issued by the Insli tule of Chartered /\ccountants of India (ICJ\f) and regulatory norms prescribed by the Reserve Bank of India (RBI).
Balance Sheel and Profit and f ,oss /\ccounl are drawn in accordance wilh lhe requirements of the National I lousing Bank /\cl, 1987 and Nationa l 1 lousing Bank General Regulations, 1988 framed there under.
2. Use of Estimates
The preparation of financial statements requires that management lo make estimates and assumptions that affect the reported amounts of assets, liabilities and the disclosure of contingent liabilities on the dale of lhc financial statements and the reported amount of revenue & expenses during the reporting period. J\ctual result could differ from those estimates. Any revision to the accounting estimates is recognized in accordance with the requirements of the respective accounting standards.
3. Income and Expenditure
3.1. Income and expenditure arc accounted on accrual basis except lhc following, which arc accounted on cash basis :
3.1.1. Income by way of penal inlercsl, over and above the normal rate of interest, charged due to delay receipt of loan dues or non-compliance with the terms of loan.
3.1.2. l ,cvy on pre-payment of loan.
3.1.3. Conversion charges for conversion of loan from floating lo fixed rale of interest and vice-a-versa .
3.1.4. Interest on non-performing assets
3.1.5. Penalty imposed by NI lB for non-compliance with the regulatory requirements or the guidelines issued by NI I B from lime lo lime.
3.1.6 /\mount received from f lousing Finance Compan ies / Banks on account of credit inspection charges.
3.1.7. Other miscellaneous receipts, such as receipts from sale of scrap/ old news papers, receipts under RTf /\ct, etc.
3.2. Dividend on investments is accounted for when the right lo receive the dividend is established .
3.3. Pre-paid expense nol exceeding \ 10,000/- per transaction is charged to current period expenditure.
not exceeding <" 10,000/- per transaction is charged to current
19
3.5. Stamp duty and Issue expenses relating to floatation of bonds are recognized as expenditure in the year of issue of Bonds.
3.6 Training fees received from I I PCs /Banks is also recognized on accrual receipt basis.
4. Investments
Investments arc accounted for in accordance with the extant regulatory guidelines.
4.1. Classification
In accordance with the RBI guidelines, lnvestni.ents arc classified into as l lcld to Maturity (HTM), /\vailable for Sale (/\PS) and I Icld for Trading (I IFI} Under each of these categories, investments arc further classified as
(i) Government Security,
(ii) Other J\ pproved Securities,
(iii) Shares,
(iv) Debentures and Bonds,
(v) Subsidiaries/ Joint Ventures and
(iv) Others .
4.2 Basis of classifica lion:
4.2.1. Investments that the Bank intends to hold till maturity arc classified as Held to Maturity.
4.2.2. Investments that arc held principally for resale within 90 days from the date of purchase arc classified as I lcld for Trading.
4.2.3. lnvestni.cnts, which arc not classified in the above two categories, arc classified as Available for Sale.
4.2.4. /\n investment is classified as l lcld to Maturity, !\ vailablc for Sale or Held for Trading at the time of its purchase and subsequent shifting amongst categories is done in conformity with regulatory guidelines.
4.3 Valuatio11:
4.3.1. In determining the acquisition cost of an investment:
a) Brokerage and or commission received on subscriptions arc reduced from the cost.
b) Brokerage, commission, securities transaction ta.x, etc . paid in connection with acquisition of investments arc expensed upfront and excluded from cost.
c) Broken period interest paid / received on debt instruments is treated as interest expense/ income and is excluded from the cost/ sale consideration.
d) Cost is determined on the weighted average cost method for invesh11ents under HTM, !\FS and I IFJ category.
4.3.2. The transfer of a security from. one category to another is accounted for at the least of acquisition cost/ book value/ market value on the date of transfer, and the depreciation, if any, on such transfer is fully provided for.
4.3.4. I lcld to Maturity category:
Investments under I Ield to Maturity category are carried at acquisition cost unless it is more than the face value, in which case the premium is amortized over the period remaining maturity on constant yield basis . Such amortization of premiu m is adjusted against income under the head "interest on investments" . Investments in subsidiaries, joint ventures and associates arc valued al historical cost. I\ provision is mad e for diminution, other than Temporary, for each investment ind ividually.
4.3.5. Available for Sale and I lcld for Trading categories:
Investments held under /\PS and I IFT categories arc individually revalued al the market price or fair value determined as per RBI guidelines, and on ly the ncl depreciation of each group for each category is provided for and net appreciation, is ignored in case of AFS. On provision for depreciation, the book value of the individual securities remains unchanged after marking to market.
4.3.6. Security Receipts (SRs) issued by an Asset Reconstruction Company (/\RC) arc valued in accordance with the guidelines applicable to non-SLR instruments . /\ccordingly, in cases where the security receipts issued by the ARC arc limited lo the actual realization of the financial assets assigned lo the instruments in the concerned scheme, the Net Asset Value, obtained from the ARC, is reckoned for valuation of such investments.
5. Loans/ Advances and Provisions thereon
5.1 . Loans and Advances arc classified as performing and non-performing, based on the guidelines issued by RBI.
5.2. Non-performing Assets (NP/\s) arc classified into sub-stand ard , doubtful and loss assets, based on the guidelines issued by RBI.
5.3. Provisions for NP/\s arc made as per the extent guidelines prescribed by RBT.
5.4. The sale of NP/\ is accounted as per the guidelines prescri bed by RBI. If the sale is at a price below the net book value (NBV), the shortfall is deb ited to the profit and loss account, and in case of sale for a value higher than NBV, the excess provision is retained and utilized to meet the shortfall / loss on sale of other financia l assets .
5.5. In case of restructured / rescheduled assets, provisions arc made in accordance with the guidelines issued by RBI.
5.6. In the case of loan accounts classified as NP/\s, an accounl may be reclassified as a performing asset if it confirms lo the guidelines prescribed by RBI.
5.7. !\mount recovered a3ainst debts written off in earlier yea rs arc recognised as revenue in the year of receipt.
5.8. In addition to the specific provision on NP /\s, genera l prov isions arc also made for standard assets . These provisions arc reflected in Bala nce Sheet under the head 'Other Liabilities and Provisions' and arc not considered for arriving al net NP /\s .
5.9. Advances arc stated in Balance Sheet net of provision for NP/\s.
5.10. Refinance provided to /\griculturc and Rural Development Banks (/\RDB's) by way of Subscription to Special Rural l lousing Debentures (SRI IDs) deemed to be in the nature of advances arc classified as Investments and is subject to the usu al prudential norms applicable to loans and advances.
21
6. Derivative transactions
6.1.1. Interest rate swaps which hedge interest bearing assets or liability is accounted for on accrual basis except the swap designated with an asset or liability that is carried at market value or lower of cost in the financial stalemenl.
6.1.2. Cain or losses on the termination of swaps arc recognized over the shorter of the remaining contractual life of the swap or the remaining life of the assets/ liabilities.
7. Fixed Assets
7.1. Fixed assets arc carried at historical cost less accumulated depreciation.
7.2. Depreciation on assets (including land where value is not separable) is provided on Straight Linc Method based on estimated life of the asset. Depreciation on asset has been provided at the rates furnished below:
(a) Land
i) Land Freehold
ii) La nd -· I A~asehold
1. I\~riod of l A~aschold - Perpetual
2. Other than above
(b) Premises
i) Constructed on free hold land and on lease land where lease period is above 40 years
ii) Constructed on lease land where lease period is below 40 years
(c) Furniture and Fixtures
(d) Computer and Microprocessors
(c) Motor Vehicles
(f) Office Equipments
(g) Furniture acquired under Residential Furnishing Scheme
(h) Electrical/ electronic articles acquired under Residential Furnishing Scheme
Nil
Nil
Over lease period
2.50 %
Over lease period
10.00%
33.33%
20.00%
20.00%
10.00%
20.00%
7.3. Fixed /\ssets individually costing Rs. 10000/- and below arc to be fully depreciated in the year of addition (Excluding assets purchased under RFS).
7.4. Depreciation on addition to assets is calculated for full period irrespective of the date of addition.
8. Employee Benefits
8.1. The Bank has a Provident Fund Scheme managed by the RBI. Conh·ibution to the fund is made on actual basis.
8.2. The employees, who have joined the services of the Bank on or after Jst April, 2010 are governed by a Defined Contributory Pension Scheme, which shall be .governed by the
prov1s10n of the Contributory Pension Scheme introd uced for officers of the Central Government w .e.f. 1st January, 2004 and as modified from time to time.
8.3 Liability for Gratuity, Pension, Sick I ,cave, Leave Encashmcnt, Medical Retirement Benefits and Leave Travel Concession is determined on the bas is of actuarial valuation.
9. Taxes on Income
9.1. Tax on income for the current period is determined on the basis of taxable income and the tax credits computed in accordance with the provisions of the Income Tax act, 1961 and based on the expected outcome of assessments/ appeals .
9.2. The deferred tax charge or credit is recognized, on timing difference, using the tax rates that have been enacted or substantially enacted as on balance sheet dale. In terms of AS-22 issued by ICJ\I, provision for deferred tax liability is made on the basis of review at each balance sheet date and deferred lax assets arc recognized only if there is virtual certainty of realization of such assets in future. Accordingly, Deferred tax liabilities or assets • arc reviewed at each balance sheet dale based on development d uri ng the year.
10. Foreign Currency Transactions
10.1. All assets and liabilities in foreign currency arc trans lated in Indian Rupee equivalent at the exchange rates notified by Foreig11 Exchange Deale rs Association of India (FED.Al) prevailing at Balance Sheet date and the resulting gain or loss on the assets and liabilities, is credited or debited to Profit & Loss Account under the head " Exchange Gain/(Loss)" .
10.2. In respect of US/\ID borrowing, the exchange loss or gain is debited or credited to the head 'Amount Recoverable from GOT against USAID Bo rrowing' as the exchange loss on US.AID borrowing is borne by the GOI.
10.3. Income and Expenditure items are translated at the exchange rates prevailing on the date of the transaction.
10.4. Foreign exchange forward contracts outstanding as at the balance sheet date and not intended for trading arc valued at the closing spot ra te as notified by FEDJ\I. The premium or discount arising at the inception of such forwa rd exchange contract is amortized as expense or income over the life of the contract. The res ultant gain/loss on revaluation is recognized in the Profit & I ,oss Account under the head l~xcha nges Cain/ (I ,oss)
10.5. In accordance with /\S 11 'The Fffccts of changes in Foreign I':xchange Rates', contingent liabilities in respect of outs landing foreign exchange fo rward contracts, derivatives, guarantees, endorsements, Principle Only Swaps (POS) and othe r obliga ti ons are stated at the exchange rates notified by Flm/\I corresponding lo the balance sheet date.
11. Impairment of Assets
Impairment loss is recognised when the carrymg amou nt of an asset exceed recoverable an1ount.
12. Provisions, Contingent Liabilities and Contingent Assets
Provisions involving substantial degree of estimation in meas u rement arc recognized when there is a present obligation as a result of past even t, it is probable that there will be an outflow of resources and a reliable estimate can be made of the amount of the obligation. Contingent Assets arc neither recognized nor d isclosed in the financial statements. Contingent liabilities are d isdoscJ by way of schedu les to Balance Sheet.
13. NPN Overdue Accounting
The appropriation of amount recovered from NPA /\ccounl is carried out account wise and installment wise in FIR) basis. The order of appropriation within an account/ installment is first Additional Interest is settled followed by Interest and then Principal amount. Further parallel ledger is maintained for accrual of interest in overdue account without booking the same in the Profit and Loss Account.
14. Residential Furnishing Scheme
No asset will be created under revised Residential Furnishing Scheme and the amount sanctioned will be treated as monetary perquisite to the employees. The Bank will pay tax on the same and the tax so paid will be treated as an allowance lo the officer and included in his taxable income for the relevant year.
SCHEDULE - XV
Notes forming parts of the accounts for the year ended 30th June, 2018
(B) NOTES
13. Fixed Assets -
13.1 Rq~istration formalities arc in progress in respect of office space situated at Jndia l labitat Centre, Lodhi Road, New Delhi and residential property situated at Jangpura Extension, New Delhi having gross value (i.e., acquisition cost) of\' 23.99 crores.
B .2 Jn respect of the office space acquired at lndia l labitat Cenh·e (IHC), Lodhi Road, cw Delhi, the exact cosl has not been apportioned by IHC among the different allottees. The tripartite agreement, in this respect, is yet to be executed between Land and Development Office, Government of India (GOI), I1 IC and institution concerned (i.e. NJ IB). As such, on the basis of payments made to 11 IC, a sum of ~ 14.85 crorcs had been capitalized by the Bank in Prcn1iscs (z 14.44 crorcs) and Leasehold Land(~ 0.41 crores).
13.3 Till previous year, in the absence of bifurcation of cost of land and premises, the Bank has charged depreciation on premises
13.4 During the year, based on the registered valuer's certificate, an amount of \ 29.66 crorcs earlier show~1 under the head Premises was bifurcated into Leasehold Land (;z 7.63 crores), Land - Freehold (\ 3.93 crore) and Premises ( ~18 . 09 crorcs). /\ccordingly, accumulated amortization on leasehold land is transferred from Premises to Leasehold Land as per the Bank's policy. Further, an amount of~ 6.84 crore towards depreciation charged earlier years has been reversed and the san1c has been shown in the Profit and I ,oss Account as prior period income.
Fully depreciated assets still in use arc held in the books at-1
14. External Borrowings
14.1 Under the f lousing Guarantee Programme of US/\ID, the Bank had raised a loan of US $25 million in the US Capital Market in the year 1990-91 for a tenure of 30 years. The loan is repayable in forty equal half yearly installments commencing from October, 2001 . The outstanding balance of ~ 25.98 crores (after revaluation) as on June 30, 2018 is included under the head "borrowings from other sources-outside India". Government of India (GO!) has guaranteed the loan.
!\s per letter received fron1 Government of India in 1990, they would bear, exchange loss, if any on the repayments, as also the charges incurred like placement fee, guarantee fee de. Further, GOI agreed lo rupee-tic this loan at a notional interest rate. In case payment obligations lo foreign lenders exceed the payment obligation of the Bank to GO! due to exchange rate fluctuations, the difference will be borne by the COL
The exchange loss on account of reva luation amounting Z- 18.26 crores (pr incipal) and \ 0.30 crorcs (interest) is shown as amount recoverable from GO! under the head 'Other Assets'. The total amount recoverable from GOI towards above as on June 30 2018, is ~ 54.63 crores as the same is recoverable on the completion of loan repayment.
14. 2 The Bank had borrowed USD 120 million (eq uivalent to ~564 crorcs outstanding of which, t 241.57 crores as on June 30, 2018) from /\sian Development Bank (/\DB) in two tranches of USO lOO million and USD 20 million during the year 1997 and 2002, respectively. These loans arc guaranteed by the Government of India and repayable in half yearly installments by 2022 and 2025, respectively.
These dollar funds were placed as depos its with Bank of India (USO 50 million), Canara Bank (USD 50 million) and EXIM Bank (USD 20 million) in the overseas branches in terms of agreements with these Banks. The deposits arc amortized in half yearly installments maturing by 2022 and 2025, respectively and are utilized for repayment of loans from /\DJ3. In lieu of the USD deposit, these banks have subscribed to Special Series Bonds issued by the Bank for \ 564 crores C~ 201.30 crores is outstanding as on June 30, 2018). These Special Series Bonds arc repayable in half yearly installments till 2022 and 2025, respectively.
14.3 The Bank has entered into agreements wi th KfW, Germany during the year ' 2010-11 for financing "Energy Efficient New Resid en ti al I lousing" in India.
The programme is under an agreement concluded in May, 2009 between the Government of the Federal Republic of Germany and Covcrnrnent of India on Financial Co-operation. The loan is guaranteed by Government of India.
The total line of credit under the programme is Euro 50 million. Under the agreement, there are two lines viz, Euro 38 million under Portion!\ (repayable in 18 half yearly installment beginning from June 30, 2014) and Euro 12 nl.illion under Portion B (repayable 60 half-yearly installment beginning from June 30, 2021). The Bank has drawn the entire amoun t of Furn 50 million (equivalent to ~ 382.11 crores) and as on June 30, 2018, the outstanding borrowing stood at Euro ·lion equivalent to ~ 247. 32 crore (after revaluation). The
.~AN~
25
principle and interest is hedged against fore ign exchange risk.
14.4 Under the umbrella of India-UK bilateral development cooperation partnership agreed between the two countries in July 2011, the Bank has entered into a collaboration with Department for International Development, Government, U.K. for a project namely "Mnking nffordrzble housing market work for fnster and sustni11ed economic xrowth" in eight low income states of the country. Under the programme, DflD will provide total assistance of £50 million. The loan is repayable in eight equated half yearly instalments starting June, 2017. The Bank has drawn the entire loan amount of £ 40 million (equivalent Z 380.87 crore) . The outstanding borrowing as on June 30, 2018 stood al £ 27.29 million equivalent lo ~ 245.68 crore (after revaluation) . The principle and interest is hedged against exchange risk.
14.5 The Bank has entered into an /\greement with World Bank (WB) on August 14, 2013 followed by subsidiary loan agreement with Government of India on Oc tober 04, 2013 for Low Income I lousing Finance Project of SDR 66.1 million (USD 100 million equivalent) . Under this line of credit, World Bank will make disbursements to Government of India (Col) and Col in turn would on-lend the rupee equivalent to the Bank. The amount on-lent to the Bank will be fully repaid by the Bank and also has committed to meet the entire liability, including that due to exchange rate variations, on the due dates, if any.
The Bank has submitted its claim lo World Bank through Col under the programme and accordingly World Bank has released eligible claims to the extent of ~ 579.61 crores (equivalent to SDR 63.22 million/USD 89.05 milhon) to Government of India. Out of which, the Bank has received Z 515.88 crores as on June 30, 2018 and the balance amount of ;~ 63.73 crores have been shown in the books of the Bank as receivable from Government of India. As on June 30, 2018 the loan outstanding is \ 605.23 crorcs (after revaluation) (equivalent to SDR 63.22 milhon/USD 89.05 million). Out of total USD 89.05 million, the Bank has hedged USD 87.26 m.illion.
15. Revaluation of Foreign Deposits and Borrowings/Forward Exchange ContractsjPoS
15.1 J lB borrowed USD 20 million from /\sian Development Bank (ADB) in 2002 including a front end fee of USD 0.4 million and the total liability amounted to USD 20.4 million. The forex loan amount thus raised was placed as deposit of USD 20 million with FXIM Bank. I lowever, an amount of USO 13 million was repaid lo J\DB in 2004. I lB explored the possibility of unwinding part of the swap arrangement with FXIM Bank. I lowever, the corresponding deposit could not be cancelled with EXlM lfank due to high cost of premature cancellation. This resulted in excess dollar inflows from dollar deposit over dollar outflows post meeting loan obligations . In order to hedge forex risk on account of the excess inflow of USU from Exim Bank, the Bank has entered into forward exchange contracts. During the year ended June 30, 2018, forward exchange contract amounting USD 1.13 million was cancelled. As on June 30, 2018, the Bank has 15 outstanding contracts for an aggregate amount of USD 9.42 million.
15.2 J\s on June 30, 2018, lhe Bank has an ou tstanding borrowing of Euro 31.00 million from KfW, Germany for financ ing "Energy Efficient New Residential l lousing" in India . The borrowing is fully hedged .
15.3 J\s on June 30, 2018 the Bank has an outstanding borrowing of GBP 27.29 million from DFID, UK a project namely "Making nffordr1hlc housing market work for faster and s11stni11cd economic growtli" in eight low income states of the country. The borrowing is fully hedged.
15.4 As on June 30, 2018, the Bank has shown an oulslanding borrowing of SOR 63.22 million (equivalent to USO 89.05 million) from World Bank, under "Low Income f lousing Finance" project. The Bank has hedged USD 87.26 million.
15.5 Du ring the year the Bank has recognized net loss of~ 89.97 crores on revaluation of foreign deposits and borrowings in the Profit and Loss Account and has been shown under head "Exchange (I ,oss)/Cain'.
15.6 During the year, Bank has recognised ne t gain of \ 68.78 crore on account of revaluation of Principal only Swap (PoS) & for ward contracts which is shown under Profit and Loss /\ccounl as 'Exchange (Loss)/ Cain'.
15.7 Net loss of -! 21.19 crore on accoun t of Para 15.5 & 15.6 has been considered and shown in the Profit and Loss /\ccount as 'Exchange (Loss) / Cain' .
16. Employee Benefits - AS 15 (revised 2005)
16.1 The Bank has provided the liabi lity towards em ployee benefits for Gratuity, Leave Encashment, Medical Retiremen t Benefi ts, Sick I ,cave, Leave Travel Concession, and Pension on actua rial basis fo r its pcnTtancnt employees in accordance with the /\S-15 (revised 2005) issued by Instilu tc of Chartered J\ccountants of India.
16.2 The Bank is transferring contribu lion of p rovid ent fund to Reserve Bank of India and Olhcr parent organizations in respec t of cm ployees including who arc on deputation from Reserve Bank of India/Olhcr banks . During the year ended June 30, 2018, lhc Bank has contribulcd ~-0 . 08 crorcs lo Provident Fund and has charged the same to Profit and Loss /\ccounl under the head 'Staff Salaries, /\llowanccs and Terminal Benefits ' .
16.3 /\s per Nalional I Iousin3 Bank (Employees') Pension Regulations, 2003, the Bank provides for pension, a defi ned bencfil rclircmenl plan covering all employees who have oplcd for pension pla n. The scheme provides a monthly pension payment lo employees on retirement or termination of employment as per Service Regulation. The scheme is managed by a separate trust and the liabil ity for the same is recognized on the bas is of acluarial valuation as on June 30, 2018 is ~ 4.22 crores in add ition lo Bank's monthly contribution to the fund.
16.4 The employees, who have joined the services of the Bank on or after 1st April,
27
2010 arc governed by a Defined Contributory Pension Scheme, which shall be governed by the provision of the Contributory Pension Scheme introduced for officers of the Central Government w.e.f. 1st January, 2004 and as modified from time to time. During the year, the employees have contributed ~ 0.50 crores under the Scheme and the 13ank has also provided for equivalent contribution for the same.
16.5 Defiued uenefil Obligations: Craluily, Leave Encashment, Medical Retirement benefits, Sick Leave, Leave Travel Concession and Pension payable to employees as on June 30, 2018. The liability, wherever, necessary has been accounted for on actuarial valuation.
a) Mctlzodology used in actunry cnlrnlation: Actuary has used the Projected Unit Credit Method to assess the plan's liabilities including those related to death and service.
b) The Principal Actuarial assumptions used as at the Balance Sheet date:
Defined Gratuity Leave Medical Sick Leave Leave Travel Pension Benefits Encashment Concession
------ - - --- ------ - - - ~-
Discount Rate 8.00 %p.a 8.00 % p.a. 8.00 % p.a . 8.00 %p.a. 8.00 % p .a. 8.00% p .a .
-- - ----------- . -- - - - - ---·-
Salary ]0 % p.a. JO % p .a. N/\ JO % p .a . NA 10% p .a . Escalation Ra le Expected. Ni\ NJ\ Ni\ NA NA 7.51 % p .a . return on plan ass els Mortality Rate
Indian Indian In dian Indian Indian Indian Assu red Lives Assured Lives Assured I .ives Assured l .ives Assured I ,ives Assured Lives
Mo rt ality Mortali ty Mortality Mortality Mortality Mortality (I Al .M) (2006- (I J\ I .M) (2006- (IA! .M)(2006- (IJ\I.M) (2006- (IALM) (2006- (IALM)(2006-08)(mndificd ) 08) (modifil'J) 08)(moJificd ) 08)(modificd ) 08) (modified) 08)(modified)
Ult. Ult. Ult. Ult. Ult. Ult.
c) A reconciliation of opening and closing balances of present value of defined benefit obligation and the effects dur ing the period attributable to each of the following:
Amount in~ Change in benefit Gratuity Leave M edical Sick Leave Travel Pension
o bligatio~--- Encashment ** Leave** Concession** -----
Present Value of 6,73,95,082 - 1,30,61,588 - - 38,54,11,040 Obligation al the beginning of the year
-- --- --- -- - - - --Conlrihulion - - 50,081 - - -Received By Fu nd (Employees) during the period (1st July 201 7 to 30th June 2018) Current Service 66,22,915 - - - - 95,23,185 Cost
--- -- ----·- ------- ----- - -
Interest cost - 48,7~~o_~ - - 9,45,6~ - - 2,79,03,759 - - - --
Prior Service cost - - ----- ·-·- - - ------- -- -Actuarial (97,54,729) - (22,26 ,494) - - 96,99,390 (Gain)/Loss on Obligations
- - - - -- - ,_ - --- - -Benefits paid (10,18,050) - (10,11,047) - - (2,07,52,867)
- -- --- -- ---Present Value of 6,81 ,24,622 - 1,08,19,787 - - 41,17,84,507 Obligation al the end of the year
d) Investment details of plan assets:
The Bank has nol funded the liability as on June 30, 2018. J\s such there is no fair value of assets except for pension liability which is managed by a separate trust
e) Change in plan assets /\mount recognized in the statement of Profit & Loss Account.
/\mount in~ ~ - - - - ----·-- - -- -- -
Defined Benefits Gratuity Leave Medical Sick Leave Travel Pension Encashment** Leave** Concession**
Fair value of plan NJ\ N ;\ NJ\ NJ\ NJ\ 34,11,56,124 assets at the beginning of the year
- - - - - ---- - - - --Expected return Ni\ N 1\ NJ\ NJ\ NJ\ 2,72,92,490 on plan assets
- - - -- ----------Actuarial NJ\ N;\ NJ\ NJ\ NJ\ 1,84,43,314 Gain/ (Loss)
- - --- - - ---Benefits paid NJ\ NJ\ NJ\ NJ\ N J\ (2,07,52,867) --- - - -- - - - -Employer NJ\ NJ\ NJ\ NJ\ NJ\ 34,78,918 contributions
----- - ----- ------ -Fair value of plan N i\ NJ\ NJ\ NJ\ N J\ 36,96,17,979 assets at the end of the year*
--- - ·- - ------ ---~ - ,_ -
f) /\mount recognized in Balance Sheet /\mount in ~
Defined Benefits Gratuity Leave Medical Sick Leave Travel Pension Encashment** Leave** Concession**
PresentValue of 6,81 ,24,622 - 1,08,19,787 - - 41,17,84,507 Obligation al the end of the year
- - - -----Fair value of plan NJ\ N/\ NJ\ N/\ NJ\ 36,96,17,979 assets at the end of the year* Funded Sta lus- (6,81,24,622) - (1,08,19,787) - - (4,21,66,528) deficit/ (surplus) Unrecognized - - - - - -
actuarial v.ain/ loss -- -- -- - - ._ -Net (6,81 ,24,622) - (1,08,19,787) - - (4,21 ,66,528) Liability/ (/\ssct) recognized in Balance Sheet
29
<'
g) /\mounl recognized in the slalernent of Profit & Loss Accounts Amount in <'
Defi~ecl-Benefits - --- --- ~--- - --~
Leave Travel Gratuity Leave Medical Sick Pension Encashment** Leave><-* Concession**
Current Service 66,22,915 - - - - 9,5,23,185
Cost - - -- -- - --- --- ---- -- - - -----·
Interest Cost 48,79,404 - 9,45,659 - - 2,79,03,759 - -·- -- --
Prior Service cost - - -
----~ --- -- - --Expected return on NA NA NA NA NA (2,72,92,490)
plan assets ·- ------ -- - --------
Actuarial (97,54,729) - (22,26,494) - - (87,43,924)
(Gain)/ Loss --- -- -·- ----·--
Expenses/ 17,47,590 - (12,80,835) - - 13,90,530
(Income) - --- - - - ----- ----- ------- - - -
Amount - - - - - -
contributed by ex-
cm£lt?X<:_CE?._ ____ - - -- ----------· --- -- - -- -- -
Expenses/ (Income) 17,47,590 - CI 2,80 ,835) - - 13,90,530 recognized. in the statement of Profit and I ,oss J\ccount
** As per paragraph J?,2 of the Accounting Standard 15 (revised) issued by Institute of Chartered Accountants of India, no specific disclosures arc required for Other Long Term Benefits.
17. Security Transactions of 1991-92
17.1 Pursuant lo the Judgement of the l lon'ble Supreme Court setting aside the decree passed by the l lon'ble Special Court in Suil No. 2of1995 and the directions given by Department of Financial Services (DFS), Government of India, NI IB had paid an amount of Rs. 236.78 crores to SBI. ln July, 2016, SBI has filed an Application before the I Ion'ble Special Court claiming interest @19% on Rs. 236.78 crores. NHB has denied the above claim of Sl3l and prayed for dismissal of the Application as SBI is not adhering lo the directions of DFS. Further, as per the directions of DFS, NHB has to receive an amount of Rs.353.78 crore from Sl3I as determined by RBI and interest thereon, for which NI IB has filed a counter-claim.
17.2 Subsequent lo the judgment of lhe l lon'ble Supreme Court setting aside the decree passed by the I Ion'ble Special Court in Suit No. 2 of 1995, NI IB has filed two Applications before Special Courl. One is Miscellaneous Application 62 of 2016 lodging its claim w ilh the Custodian for return of Rs.94.20 crores which was deposited wilh lhe Custodian earlier in terms of direction of the Special Court.The order is reserved in the matter.Another Miscellaneous Petition No.2 of 2016 has been filed before Special Court for recovery of balance i.e. Rs. 55.18 crorc from Standard Chartered Bank (SCB) based on the Leller of Indemnity dated 01 .10.1993 given by SCB. The sameis pendingfor adjudication.
As per the understanding between NI IB and SC13, Nl IB is also entitled to a share in
the amount realized by Standard Chartered Bank in the sa id decree. The amount will be shared in a proportion inverse to the proportion in which the amount of Rs.1645.87 crores was shared between NI IB and Standard Chartered Bank, after the same is received by Standard Chartered Bank. The I Ion'ble Supreme Court of India vi de order dated 02.05.2017 passed by in Civil !\ ppeal No.6326 of 2010 directed the Custodian for release of Rs.506.53 crore in favour of the Standard Chartered Bank. Till date Standard Chartered Bank has received a sum of Rs .300.11 crore vide order dated 08.09.2017 in Report of the Custodian No.4 of 2017. We arc continuously in touch with our Counsel to take up the matter with SCB and their Counsel for sharing the amount on receipt of the same. I lowever, these amounts will be accounted for on actual receipts .
18. Segment Reporting
The Bank's operations predominantly comprise only one segment i.e. financial activities. I Icnce, there arc no separate reportable segments as per the Accounting Standard on "Segment Reporting" (J\S 17) issued by the Ins titute of Chartered Accountants of India.
19. Related Party Disclosures
a) List of Related Parties:
i) Key Managerial Personnel: Shri Srirarn Ka lyana raman ii) India Mortgage Cua ran tee Corpora lion Private I .imited (IMCC)
b) Transactions with R.elated Parties: Name of Nature of Nature of Amount of Outstanding the Party Relationship Transaction transaction as on 301h
during the year June, 2018 Sh. Sri ram Key Managc'nwnt Remuneration & \ 0.33 crores Nil Kalyanaraman Personnel- benefits including
Managing Director perquisites & Chief Executive Officer
IMGC Substantial interest Equity Capital Nil \ 76.00 crores in the Share Contribution
-------- - _S:apilal - -- -
J\s the Bank is state controlled enterprise within the mea ning of /\S-18 'Related Party Disclosures', the related party relationship with other state controlled enterprises and transactions with such enterprises arc not given.
20. Income tax
For assessment years (/\Ys) 2003-04 to 2009-10, Assessing Officer (/\0) disallowed Bank's claim u/ s 36(1 )(viii) of the Income Tax /\ct, 1961 and added ' 75.03 crores for tax and {10.23 crorcs for interest /\0 also disallowed business loss of \ 150.45 crores for !\ Y2003-04. Penally proceeding were also initiated for assessment years 2003-04 to 2009-10 (excluding 2007-08) amounting to n30.56 crorcs on disallowance of Bank's claim u/ s 36(1 )(viii) of the Income Tax /\ct, 1961 and business loss. The Bank had preferred appeals before IT/\T against the order of respective authorities and paid the taxes due which was shown as advance tax.
31
With respect lo above mentioned cases, ITJ\T vide its order dated 14/02/ 2017 disallowed Bank's claim for deduclion u/ s 36(1 )(viii) of the Income Tax Act, 1961. For which Bank has decided not lo go for further appeal.
ln res peel of disallowance of business loss of ~ 150.45 crores for the A Y 2003-04, IT AT restored it back to the Assessing officer (/\0). Case has been finalized by the assessing officer in F. Y. 2017-18 al the income originally assessed. Income tax appeal has been filed against the order before CIT (/\) which is pending. Further penalty proceeding initiated u/s 271 (1) (c) is also pending before assessing officer. Further, ITJ\T vide its order dated 20th February 2017, waived off penalty earlier imposed by the /\0 with respect to Bank's claim u / s 36(1 )(viii) of the Income Tax Act, 1961. The same is pending before the Delhi l ligh Court.
For asscssmen l years ( J\ Y s) 2010-11 lo 2014-15, there arc certain dis allowances made by /\0. For these assessment years, appeals arc pending wjth ITAT from A.Y. 2010-2011 lo 2013-2014 and before CIT(!\) for the !\.Y. 2014-2015. The Bank has paid taxes due and showed the said anlOunl as advance lax in the books. The m.anagement does not consider it necessary to make any provis ion in lhis regard.
21. Def erred Tax
J\s on June 30, 2018, the Bank has recorded net deferred lax liability (DTL) of < 340.60 crores. J\ com.position of deferred tax assets and liabilities is given below:
[\in crores] Sr. Particulars June 30, June 30, No. 2018 2017
Deferred Tax Assets: 1 Provision for Medical aid to Retired
Staff 0.38 0.45 - - ----------
2 Provision for I ,cave Encashmcnl 1.84 1.63 - - -- - - -- -
3 Provision for Gratuity 2.38 2.33 4 Provision for Leave Travel Concession 0.63 0.60 5 _l~cfincd Contribu tory_fcnsi~'.1 ~~~~C~_l:1~-- 0.03 0.02
---
Total Deferred Tax Ass~~~ tA) ___ 5.26 5.03 -- -- - -
---- -------- - - - ---- -Deferred Tax Liabilities:
- - - ---- - -1 _Dcprc_~iatio1_1 ___ 8.28 5.45
-- -- - - - -- - ---
Special Reserve u/s 36(1 )(viii) of 337.58 272.92 Income Tax /\ct, 1961 - - - --- ·-- - -- ·- - -
Tf!t·a!_ !?_ef__erred Tax Liabilit-ies (B) 345.86 278.37 - ·- -
Net !)C:f~rE~.9 Tax_Li~_i_l~ty (B-A) 340.60 273.34 - --- -
22. Home Loan Account Scheme
22.1 The l lomc Loan i\ccount Scheme (l lL/\S) was launched by NHB with effect from July 1, 1989 all over the country and was operated through Scheduled Banks and I lousing Finance Companies (l IFCs). The I ILAS has been discontinued effective from March 1, 2004.
22.2 The deposits under 11 L/\S held by the banks/ l IFCs stood al .t 0.06 crores as per information received by Nf !Band the sam e has been disclosed as contra entries in the balance sheet. During the FY 201 7-18, NI IB was informed by Kotak Mahindra Bank th al an amount of Rs. 1.97 crore held by ING Vysya Bank had been transferred to Reserve Bank of India's Depositors Education and J\ wareness Fund .
22.3 India I lousing Finance and Development Ltd., a housing finance company in the private sector, which was one of the participating f IFC for mobilization of deposits under I ILJ\S, was advised by NI 113 not to open new accounts /accept fresh ·deposits under TILJ\S with effect from 01.10.1994 due to serious financial problem faced by it. NI TB being the principal under the scheme, was obliged to meet liability lo pay account holders their dues. The Bank assessed the initial liability of :: 0.49 crores as against verifiable claimants of IHFD under JILJ\S and made provision of the equal amount in 2004-05. J\s per the approved procedure, claims for refund of ~ 0.27 crores was paid till June 30, 2018 and balance of ~ 0.22 crores stood as liability as on lhal date.
23. Other Expenditure The break-up of other expenditure shown in the Profit and l ,oss J\ccounls is as under:
['in crores] Particulars 2017-18 2016-17 1. Repair and Maintenance 3.23 2.82 2. Research and Development 0.49 0.76 3. Service Tax Ex.re21se 0.00 2.08
- - -----· - --4. CST Ex.rense __ 1.54 0.00 ---- - -- - - - - -4. Prior Period Expense 0.87 0.00 5. Conveyance Expense 0.47 1.13 6. Professional Fee -1.09 0.38 7. Conference Expense 0.60 0.50 8. I Iospitality Expense* 0.00 0.04 9. Expenses on IT related services 2.30 2.21 10. Payment to ou tsou recd services 4.83 3.50 11 . Security Service _f:xpense_ 1.38 1.18 - -12. Others 7.51 8.38 -- - - ------ - -Total 24.31 22.98 *13.Corporate S~cial Responsi bility Expenses 2.00 0.00
- -*CSR Expenses a1thou3h shown as separate line item in P&L, it forms part of Other Expenses.
24. Investment Fluctuation Reserve Account
J\s per RBI guidelines on prud ential norms for class ificati on, valuation and operation of investment portfolio for 1:1s, the provision requ ired lo be created on account of depreciation in the J\ vailable for Sale category in any year should be debited to the Profit & f ,oss J\ccounl and an equivalent amount (net of laxes) or balance available in the Investment Fluctuation Reserve (IFR) J\ccount, wh ichever is less, shall be transferred from Investment Fluctuation Reserve Account lo the Profit & Loss Account. In the evenl provisions created on account of depreciation in the available for sale category arc found to be in excess of the requi red amount in any year, the excess is credited to the Profit & Loss Account and an equivalent amount (net of taxes,
I ... ~/
if any) is appropriated to the Investment Fluctuation Reserve Account. No amount has been transferred to IFR during the year and balance outstanding as on June 30, 2018 is "" 20.08 crores.
25. Impairment of assets
In the opinion of the management, there is no material impairment of any of the Assets of the Bank as per the Accounting Standards 28-lmpairment of Assets.
26. Prior Period Hems
26.1 During the year, the Bank has booked expenditure amounting to ~ 0.87 crore in the nature of prior period on account of rectifcalion entries passed in Rural I lousing Fund portfolio.
26.2 During the year, the Bank has identified income amounting to « 8.07 crore in the nature of prior period income. The details of income arc given as under:
[ \ in crores] Particulars 2017-18 2016-17 1. Reclifcation entries asscd -~1 I~~~al I !01.-!: ~i}_1g __ Fund 1.13 Nil
- - - ---2. Revl~rsal of Depreciation of account of bifurcation 6.84 Nil
of cost of premises between land and building 3. DFlD Technical Assistance Component 0.09 Nil
4. Training fee received reconcil iatio~ O.Q1 Nil - --- -- - -- -- --Total 8.07 Nil
27. Investment classification
27.1 J\s slated, investments are classi fied into "lldd for trading", "Available for ' Sale" and "Held for Maturity" categories as per the following details:
[ < in crores] Categories of Investments As on As on investment June 30, 2018 June 30, 2017
l lcld to Maturity a) COI Dated Securities 0.00 55.34 (I !TM) b) Subordinated Bonds 0.00 0.00
Sub-total 0.00 55.34 Available for Sale a) COI Dated Securities 100.05 504.44 (AI<S)
b) Treasury Bills 2785.26 846.66
d) Shares of } lousing Finance 40.43 40.42 lnslitu lions c) Shares of Other Institutions# 726.04 83.84 f) Buildin}; Material Company 0.53 0.53 ?,) Mutual Fund 0.00 0.00 Sub- total 3652.31 1475.89
I fcld For Trading a) C01 Dated Securities 0.00 0.00 (11 FT)
Gross Inv es tnzen ts 3652.31 1531.23 Less: Depreciation 7.51 2.92
Net Investments 3644.80 1528.31 .._ - - - - - --- ---#hmcst111c1Lts ill shnrcs of other institutions illcludcs < 642.20 crorcs mndc on 29.12.2017 in tlzc equity rnpitnl of SIDBJ.
28. Contingent Liability
The movement in Contingent J ,iability as required in /\S 29 is as under: r ~ in crores J ------ - - - . -- -- ----- --- -
Particulars _ _] une_30, 2018 Ju~_e 30, 2017 - - - ------ --
Opening Balance~~ ? n July 1 48.48 63.63 -- --- -------/\ddition during the _per0~i __ 48.33 0.08
-- - --- ---Reduction du ring_ tb._e period 0.00 15.23
- ------ - -Closing Balance 96.81 48.48
29. Rural Housing Fund
Rural l lousing Fund was first established as per the announcement made by the l Ion'ble Finance Minister, while presenting the budget for the year 2008-09. The fund was set up with contribution by Scheduled Com mercial Banks not achieving their priority sector lending obligations. The fu nd was set up with the National Housing Bank to enhance its Refinanc ing Operations to the Rural I lousing Sector. Till June 30, 2018, the Bank has received total amount of ~ 31,278.18 crore under this fund and the Balance Outstanding as on June 30, 2018 is ~ 25,500.00 crorc. The same has been shown as 'Deposits from Banks under Rural I lous ing l<' und' in Schcdule-V ('Deposits').
30. Urban Housing Fund
During 2013-14, Urban ] lousing Fund of < 2000 crores w ith contributions from scheduled commercial banks, as all ocated by Reserve Bank of India, was set up with NIIB to augment its resources and improve credit availability. Further, Tn terms of RBI allocation, Urban f lousing Fu nd of < 4000 crores was set up for Year 2014-15. /\gain, Tn terms of RBI allocation, Urban f lousing Fund of ~ 4500 crores was set up for Year 2016-17. These funds will enhance refinan cing operations to the urban housing sector and to meet the housing needs of the people in lower income segments residing in urban areas . Till June 30, 2018 the Bank has received total amount of < 10,500 crore and the Balance Outstanding as on June 30, 2018 is , 10,500.00 crore. The same has been shown as 'Deposits from banks und er Urban I rousing Fund' in Schcdulc-V ('Deposits ' ).
31. Zero Coupon Bonds
During the year 2008-09, the Bank had issued Zero Coupon Bonds (ZCBs) for a face value of ~ 1,050 crores, discounted value being ~ 453.39 crorcs. These bonds were issued for tenure of ten years. The discount is amortized over the tenure of the bonds. J\ sum of ~ 59.63 crorcs has been amortized during the year end ing 301" June 2018. The unamortized balance of discount as on 30111 June 2018 is l 33.36 crorcs (as on 301"
June 2017 \ 92.99 crores).
33. Loans and advances
Of the total ou tstanding loans and advances of ~ 58837.08 Cron~ (gross), loans and advances amounting '> 21918.60 Crore are secured by a charge on books debts, government guarantee, bank guarantee, equitable mortgage on fixed assets,
hypothecation of movable assets and lien over bank deposits. Balance loans and advances arn.ounting \ 36918.47 Crorc arc unsecured of which ' 16339.47 Crore covered under negative lien.
34. Tax free Bonds
Nl 1B had mobilized an aggregate an10unt of ~ 4,640.13 crores ( ~ 640.13 crores in 2012-13 and ~ 4,000 crores in 201 3-14) excluding premium thereon, through issuance of Tax Free Bonds. These Bonds arc secured by way of Pari passu floating first charge on the specific book debts of NI IB. As on J unc 30, 2018, the value of the hypothecated assets given as security for Tax-free Bonds was , .. 5,522.61 crores.
35. Special Series Priority Sector Bonds
Exim Bank, Canara Bank & Bank of Jndia have subscribed to Special Series Bonds issued by the Bank for { 564 crores (-; 201.30 crorcs is outstanding as on June 30, 2018). These Special Series Bonds are repayable in half yearly installments till 2022 and 2025, rcspeclivcl y.
36. NII B Bonds
NI lB mobilizes funds through issuance of bonds/ debentures which do not carry any tax benefits. They arc issued as per RBI guidelines and arc unsecured in nature. During the year 2017-1 8, the Bank has issued new bonds of Rs.2,000 crore under this category and bonds amounting to Rs.875 crores were repaid during the year. As on June 30, 2018, '• 2000 crores is outstanding under this category.
37. Implementation of IND AS
Bank is in the process of implementation of lN D AS as per Reserve Bank of India's directions.
38. Provision No-longer Required
Excess provisions against Non-Performing Assets and other provisions have been transferred to 'Provision n-longer Required '. This is change in the previous year and has no impact on profit of the year.
39. Amendment to National Housing Bank Act, 1987
In con1pJiancc with the announcement in l'inance !\ct 2018, during the year National I lousing Bank Act, 1987 has been amended v idc Cazette Notification No. S.0.2198 (E) dated ?>Jst May, 2018 with effect from Jst day of June, 2018.
In terms of The alional I lousing Bank /\ct, 1987, as amended by Finance, Act 2018 entire subscribed capital of the Bank shall stand transferred to Central Government fron1 date to be notified. Notification of the Government has not so far been issued.
40. Reserve Fund
41.
a)
b)
c)
d) e) f)
g) h)
i)
In terms of Sec 39 of The National f Iousing Bank /\ct, 1987, the Bank is required to transfer the surplus after making necessary provisions lo lhe Reserve Bank of India till 31 .05.2018. The Reserve Bank of India vi de letter No.DBS/FrD/NI IB/988/03.27.04/2004-05 dated December 9, 2004 has allowed the Bank to transfer not less than 25 % of the net profit after making necessary provisions to its Reserve Fund with effect from the financial year 2004-05. For the year 2015-16, there was a surplus of Rs. 586.94 Crores, which the Bank has lransferred to Reserve Fund and in FY 2016-17 it was decided lo transfer lo this arnounl back lo Profit & Loss account.
The Reserve Bank of India vide letter No.DBS.CO.FIIJ.No 4207 /03.27.12/2017-18 dated October 31, 2017 advised the Bank that the surplus of Rs. 586.94 Crore for the year 2015-16 lransferred lo the Reserve Fund need not be reversed and transferred back to Profit & Loss accounl. Further, surplus profit of Rs. 626.25 crore for the year 2016-17 crore also transferred to the Reserve Fund.
Out of net profit for FY 2017-18, the Bank has transferred balance surplus of ~184.19 crore to Reserve Fund.
Disclosures under SEBI (Listing Obligations & Disclosures Requirement) Regulations, 2015
Credit rating - J\J\/\/Slable ralings by CRISII ,, I\ 1 +by !CR/\ Asset cover available - 100 %
Debt equity ratio - 6.43 limes Debt service coverage ratio - 3.75 limes
Interest service coverage ratio - 1.38 times Net worth - ~ 7688 crores Net profit after tax - ~ 751 crores Earn ings per share - Nol /\pplicable
Previous due dates for payment of interest for NCDs and whether the same has been
paid or not - Paid.
Date of interest paid on ou lslanding Bonds arc as below-SI. Nomenclature of Bond Allotment Rate of Amount Last Interest
No. Date Interest Payment Date
8.05 % SS PS BOND 1997- 31-Mar-98 30,80,00,000.00 11-June-18 98 10.76(Yc)
---- ---- -- - - -----2 8.05% SS PS BOND 1998- 10-Pcb-99 44,70,00,000.00 11-Junc-18
99 10.76% 3 12.10 % SS PS BOND 1999- 16-Dcc-99 66,90,00,000.00 11-June-18
00 9.79% -----4 9.75 % SS PS BO D (FXI rvI 28-Ma r-02 58,90,00,000.00
10-Mar-18 BK-II) 7.fWX) -
5 /.CB SUMERU-24.12.2018* 24-Drc-08 729,61,51,346.00 N.J\.
8.65<.X> 6 ZCB SUMERU-31 .03.2019* 31-Ma r-09 9.03% 287,02,07,869. 00 N.A
?>7
7 7.19 % I rn Tax Free 14-Dec-12 7.19 % 126,00,00,000.00 14-Dec-17
Bonds 2022 Series-I -- -- - -----
8 7.17 % NI lB Tax Free 1-Jan-13 7.17% 110,00,00,000.00 1-Jan-18 Bonds 2023 Series-II
'-- -~- -- -9 6.87% I rn Tax Free 6-Fcb-13 6.87% 125,00,00,000.00
6-Feb-18 Bonds 2023 Series-Ill
10 6.89 % NI lB Tax Free 22-Mar-]3 6.89 % 82,90,00,000.00 22-Mar-rn Bonds 2023 Series-IV
- - ------- -- ----]1 6.82 % Nl lB Tax Free 26-Mar-13 6.82% 196,23,30,000.00
Bonds Public Issue 2012-13 27-Mar-18 -- . - ----- -- - --- -- --- - -
12 8.0 l % NI rn Tax Free 30-J\ug-13 8.01 % 17,00,00,000.00 Bonds 2023 Scrics-V 30-Aug-17
13 8.46% NI IB Tax Free 30-Aug-13 8.46 % 883,00,00,000.00 Bonds 2028 Serics-V 30-Aug-17
14 NI !B Tax Free Bonds 2014 B -Jan-H 8.26 % lo 2] 00,00,00,000.00 Tranche-I 9.01 % 15-Jan-18
--·- - ---- - ---- -- ----]5 Nl IB Tax Free Bonds 2014 24-Mar-14 8.25 % to 1000 ,00 ,00 ,000. 00
Tranche-II 8.93 % 28-Mar-18 - -- - - - --- -- --
]6 7.59 % Nl Il3 Bonds 12-Mar-18 7.59 % 2000 ,00 ,00 ,000. 00 N.A. --- -- --- ------- --- - ---
TOTAL 7858,06,89,215 .00 -- -- - -- - ------- ---- - -- -- ---*/.CB = /,cro Coupon Bonds
J\ll the bonds have been serviced on due dates
42. Debenture Trustee
In terms of SFBI circular dated October 29, 2013 the contact details of the Debenture trustce(s) for various Bonds issued by National Housing Bank is as given below-
Debenture Trustee for Tax-free Bonds-
Compliance Officer, IL&FS Trust Con1pany Ltd. The IL&FS Financial Center Plot No. C-22, C Block, Bandra Kur la Complex Bandra(E), Mumbai 400051 Phone: +91 22 2659 3927, Fax : +91 22 2653 3297 Email: [email protected]:www.vistraitcl.com
Debenture Trustee for Other Bonds-Compliancc Officer, IDBI Trusteeship Services I ,in1ited Asian Building, Ground Floor 17. R. Kamani Marg Ballard Estate, M umbai Maharashtra - 400 001, India Phone: +91 022 40807000, Fax: +91 022 66311776 Email: [email protected], Web : www. idbitrustee.com
43. Consolidation of Special l~und with the General Fund
43.1 The Voluntary Deposits (Immunities and Exemptions) J\ct, 1991 was passed with the objectives of providing certain immunities and exemptions from direct taxes to persons making voluntary deposits with the National I lousing Bank and exemptions from direct laxes in relation to such amounts. The amount so collected under the
oluntary Deposits Scheme is required to be kept in a Special Fund exclusively for th purpose of financing slum clearance and low cost housing for the poor. In terms r of ational 1 lousing Bank (Slum Improvement & Low Cost Housing Fund)
j
Regulations, 1993, Profit and Loss Account for the year ended 3Qth June and Balance Sheet as on that date arc required to be prepared each year in respect of the Special Fund and aud ited by the Statutory Auditors appointed by the Reserve Bank of India under Section 40 (1) of the National I rousing Bank Act, 1987
43.2 Accordingly, the Profit and Loss account and the Balance Sheet of the Special Fund have been prepared as per the provision of the National I lousing Bank (Slum Improvement & I .ow Cost l lousing Fund) Regulations, 1993 and attached as Annexurc to these financial statements. The balance lying in the Special Fund is included under the schedule "Reserves & Surplus" in the Bank's consolidated Balance Sheet. Various assets and liabilities of the Special Fund have also been grouped in the consolidated Balance Sheet under the respective heads.
44. Corporate Social Responsibility Activities
The National I lousing Bank was established under the National I lousing Bank Act, 1987, and hence the CSR provisions under the Con1panies Act, 2013 are not applicable. l lowever, as voluntary act, the Board of Directors of the NHB while approving the budget for FY 2017-2018 has allocated an amount of Rs.2 crorc towards CSI~ activities. Accordingly, NI IB in FY 2017-2018 has made contribution of Rs.1 crore each to Swachh Bharat Kosh and National Skill Development Fund through electronic transfer.
45. Regrouping
Figures for the previous year have been re-grouped, wherever necessary, so as to make them comparable with those of the current year.
46. (a) Cash Flow Statement for the year ended June 30, 2018
-- --- -- ------ ----------A) CASH FLO~XI~O~~PERATING ACTIVITIES Net Profit as per Profit & Loss Account Adjustments f~_r_:_ __ Provision for Tax Provision f~)-r Defc1Tcc{T~x --------------
1-------Depreciation on fixed assets
Depreciation Reversal on Premises ------
Loss on Sale of lnvestrncnls
Depreciation on invesllncnls & amortisation C'Xpcnsc -- . - ----- -·---
Provision for Stcmdards /\ssets 1----- --- - - -- ----------- - -
Provision for Non Performing Assets/ Restructured Accounts 1---------------------~--------------~---------+---------<
(Cain)/Loss on revaluation of Forward Exchange Contracts 1---- -- -- -- -· -
Provision for Bad Debls u/ s 36(1)(viia)(c) of lncome Tax Act, 1961
(Profit)/ Loss on sale of hxcd Assets
(Gain)/ Loss on revaluation of Foreign Deposits & Borrowings
Provisions no longer required written back --------- --------
Premium on Forward Exchange Contract ------- - -----
Income from lnvC'stnwnts
Profit on purchase and sale of Mutual Funds -------- -- - --- -- --- -----+--------+- ------
Profit on Sale of lnvcstnwnts
Dividend on Equity of I lousing Finance Companies
Operating Profit before working capital changes ----- ---------
Adjustments for Working Capital
(Increase) / Decrease in Deposits with Banks
(Increase')/ Dccn'asc' in I ,oans & J\dvanccs
(Increase) / Decrease in Other Assets
Increase/ (D<'crcasc) in Current I ,iabililies - ---- -
Net cash from operating activities before taxes paid
Less : Income Taxes Paid
NET CASH FLOW FROM OPERATING ACTlVlTES BEFORE EXTRAORDINARY ITEMS Extraordinary Items
NET CASH FLOW FROM OPERATING ACTJVITES AFfER EXTRAORDINARY lTEMS (A) _____ _ B) CASH FLOW FROM INVESTING ACTIVITIES BEFORE EXTRAORDINARY ITEMS (Increase) / Decrease' in Fixed J\sscts
(Increase)/ Decrease in Investments
Income from InvC'stmcnls ·I .;,'<' '---,---/ -- --- - - - - ----- -- --------- -
If .? I Al <,·I
(7.41) (7.64) - ---t---------t------ --
(2123.82) 1374.18
195.87 194.86
Loss on Sale of Investments _(~39)
0 -- -- - -
Loss/ (Gain) on revaluation of Forward Fxrhangc Contracts 5.79 0 - - - - - - - -
Profit on purchase and sa le.' of Mutual Funds 25.22 23.37
Profit on Sale of Investments 0.00 1.45 --- - - - - - ---- - -
Dividend on Equity of I rousing Finance Companies '1 .98 1.93 --- --- ------- ---- - ~
NET CASH GENERATED FROM INVESTING ACTTVITES {1906.76) 1,588.15 BEFORE EXTRAORDINARY ITEMS
- - -- -- - --- - - -Receipts from sale of equity of I IFCs 0.00 0.00
- -- -- - ---- -NET CASH GENERATED FROM INVESTING ACTIVITES AFTER (1906.76) 1,588.15 EXTRAORDINARY ITEMS (B) C) CASH FLOW FROM FINANCING ACTIVITIES
- - - - - -Increase in share capital 0.00 0. 00
Net income und('r Staff Benevolent Pund 3.02 2.62 --- - - -- --- ----------
Increase/ (Decrease) in Bonds &:. Dcbt'nturcs "1148.58 (3,823.84) - -- - - --------
Increase/ (Decrease) in Deposits 181 .12 4740.67
Increase/ (Decrease) in Borrowings 292'1.49 (3153 .77)
NET CASH GENERATED FROM FINANCING ACTIVITES ( C) 4254.21 {2,234.32) -- -- - -------- -- - - -
Net increase in cash and cash equivalents {A+B+C) (175 .15) 382.43
Cash and cash equivalents at the beginning of the year 635.55 253.12
Cash and cash equivalents at the end of the year 460.40 635.55 -- - - -- -·---- - - --
46 (b) Schedule to Cash & Cash Equivalents Particulars 2017-18 2016-17
(Amount in~ (Amount in crore) f crore)
Cash in hand 0.00 0.00
Balances with Reserve Bank of Tndia 0.04 0.02 - --- -- - -- -----
Balance with banks-Current /\ccounl 460.36 635.53 - - - - -· -- - -- - - -- - --
Invesllnent in Mutual Funds 0.00 0.00
Cash realised on forwar~-~~h~~ge cc:_n~~c t 0.00 0.00 ----- - ---
Cash and cash equiva~nt ~~~~e ~xc~~~-ge rate adjustments 460.40 635.55 --
Effect of exchange rate c_h_~rn~es-~n~alis:_~gains _____ 0.00 0.00
Cash and cash cquiv~Jent _af~r ~xchange rate adjustments 460.40 635.55 - - - - -
·11
RBI Disclosure Requirements in Financial Statements as Notes to Accounts
1 Share-holding pattern as on the date of the Balance Sheet:
Reserve Bank of India* 100% *RPfrr lo para 39 of 0.:Pll's lo 1\cTounls
1 .1 Cap ital a dequacy
(Amount in~ crorc)
Sr.No. Particulars 201 7-18 2016-17
i) Com mon Equity 7,687.69 6,978.79
ii) Additional Tier 1 c,1 pital - -
iii) Total Tier 1 capital (i +ii) 7,687.69 6,978.7<.J
iv) Tier 2 capital 552.01 S·l8.5 l
v) Total Capital (Tier 1 +Tier 2) 8,239.70 7,5 27 .20
vi) Tota l Risk Weigh ted /\ssets (RWAs) 44,160 .81 ·B,872.S?i
vii) Common bqui ty Ratio (Common Equity as a percentage of RW/\s) 17.41 % 1S .91 %
viii) Tier 1 Ra lio (Tier 1 capi tal as a percentage of RW As) 17.41 % 15.91 'X,
ix) Capital lo Risk Weighted Assets Ratio (CRAR) (Total Capital as a percentage of RWJ\s 18 .66% 17.1 h%
x) 0.00% 0.00 °o
Percentage of the shareholding of the Government of India in the AIFI*
xi) Amount of equity capital raised 0.00 0.00
xii) Amount of Additional Tier 1 capital raised; of"which
a) Per petua 1 Non-Cumulative Preference Shares (PNCIJS): 0 .00 0.00
b) Perpetual Debt Instruments (PDI) 0.00 0.00
xiii) Amount of Tier 2 capital raised; of which 0.00 ()()()
a) Deb t ca pildl instruments: 0.00 0.00
b) Perpetual Cumulative Preference Shares (PCPS) 0 .00 0.00
c) Rcdcema blc Non-Cumulative Preference Shares (RNCPS) 0.00 0.00
d) Redeemable Cumulative Preference Sha res (RCPS) 0.00 0.00
*RL'IL'r lo pnr<1 YJ of \:olt'S lo 1\rcnunls
1 .2 i:tee Reserves and Provisions
1 .2 .1 Provisions on Standard Assets
(Amountin ~ Crore)
Particulars 2017-18 2016-17
Provisions towards Standard Assets 231.1-1 21 7 .. ::i I
1.2.2 floating Provisions
(Amount in~ Crore)
Particulars 2017-18 2016-17
a) OpPning balancl' in lhl' floating provisions account 0.00 0.00
b) The yuan tum of floating provisions made in the accounting year 0 .00 O.OP
c) Amount of draw down made during the accounting year 0.00 0.00
d) Closing balanct' in the floating provisions account 0.00 0.00
·:---., /. ~--
1.3 Asset Quality and specific provisions
1.3.1 Non-Performing Advances (Amount in~ Crore)
Particulars 2017-18 2016-1 7
(i) Net NPAs to Net Advances(%) 0.00 0.00
(ii) Movement of NPJ\s (Gross)
(a) Opening balance 33 .90 50.93
(b) Additions during the year - -
(c) Reductions during the year 29.29 17.()3
(d) Closing balance 4.61 33 .90
(iii) Movement of Pl N PAs
(a) Opening balance - -
(b) Additions during the year - -
(c) Reductions during tlw year - -
(d ) Closing balance - -
(iv) Movement of provisions for NP As (excluding provisions on ste:rnda rd assets) - -
(a) Opening balance 33 .90 50.93
(b) Provisions made during the yt'a r - -
(c) Write of / write back of excess provisions 29.29 17.()3
(d) Closing balance 4.61 33.90
1.3.2 Non-Performing Investment (Amount in~ Crore)
Particulars 2017-18 2016-1 7
(i) Net NPis to Net Investments ('Yc1) - -
(ii) Movement of NPis (Gross)
(a) Opening balance 0.53 0.53
(b) Additions during the year - -
(c) Reductions during the year - -
(d) Closing balance 0.53 0.53
(iii) Movement of Net NPfs - -
(a) Opening balance - -
(b) Additions during the year - -
(c) Reductions during the year - -
(d) Closing balance - -
(iv) Movement of provisions for NP!s (excluding provisions on standard assets) - -
(a) Opening balance 0.53 0.53
(b) Provisions mad c during the year - -
(c) Write of/ write back of excess provisions - -
(d) Closing balance 0.53 0.53
1.3.3 Non-Performing Assets (3.3 .1 +3.3.2) (Amount in~ Crore)
Particulars 2017-18 2016-17
(i) Net NPAs to Net Assets (Advanced + investments)(%) - -
(ii) Movement of NPAs (Gross Advances + Gross investments)
(i) Opening balance 34.43 51 .46
G) Additions during the year - -
(k) Reductions during the year 29.29 17,03
(1) Closing balance 5.14 34.43
(iii) Movement of Net NPAs
(i) Opening balance - -
G) Addi lions during the year - -
(k) Reductions during the year - -
(I) Closing balance - -
(iv) Movement of provisions for NPAs (t'xcluding provisions on standard assets) - -
(i) Opening balance 34 .43 51 .'1 6
G) Provisions madt' during tlw year - -
(k) ~--~& "·' ,....,..,x.,rite back of excess prov isions 29.29 17.()3
(1) ij"'~J~Q.~1',')~i(e 5.14 34.'l?i
(1' 0~c~· ~: ~cc n._ / H ·13
'
1.'.l.4 PJrtiruldrS of .-\ rrou nts Rcs trurtured
~
(Amoun t in~ crorc)
Type of Restrurturing • Cnder CUR '.\lt•rh,inism ner S '.\1 E Deb t lles trur tu ri ng :vier h anis Others Tot.t i
Standar I St,1nd .tr I !Jou htfu Standar !Sub Douhtfu Stand.tr I S t,1nd.1r I !Jou h tfu St.tn <l.tr I S tand.tr S:\"o l Asset Oassifiratiun •
DetJ li s • Loss!Tot.tl Id S t<1 nd.mll l Loss lTotJ!I d Loss lTot.11 Doub tful I LosslTotJ l
~cstruc~urcd r-\ccou:1:s as 0:1 da:e o:l '.'\o. o ~· ~10!TOv\·e :'S ~ ~ ~ ~ 0 0 c OI o c _,.\rnc1unt Outstdnding Cf ct ct Cf 0 c 01 o c 30.C'..; 30.04 30.lh 30.04
opP:1rngof the FY (opernngf1gu res) P ro\'1 s1 o:l5 there-1..m ot Cf Cf Ci ( 0 OI 01 c Fres'i restr.i ct unng dunng the year >:o. of borrnwers ct ot ot ot ot ot c OI OI c
Amount 0<1tstanding ct OI ct ct ct ~ c ot c P n..)\'IS: ons thert•-0:i Cf c~ Olr.f r~ ~~ ct OI C~ c
~·;>gradation :o restmctur~d standard l "o. of wnowe~ . . I d J J d d d d d d d I I I I I I I I I I r\moun.t OLltstanllrnr \. I \ _ L 0
category d t.: ril~g the :::'!' Pro\"ISro :~s t!~c·!"f•-on I l1 ~ Q cf Cf c{ OI Cf Cf 0
~es~n:c: u rcd s:andard ach ·anceo., w!11ci~ \: o. of b..r~Tow~rs c CfW cf c{ OI Ol o
cease :o a!trac t bghcr pro,:s:o'1i:l+.\mo~:n: O <:ts:a1'.d!!'.ij ~ '! 1J 1 ~ q 1 ~ 1 1 I I I I I I I I I J
d : ~d / l1 ~ · ,1dd: :~ o::a l r:i.;~ wt':p)1: a: the
c:~d of th .. • F~' anJ f!c!1ce !"el'd no: Se
~~own a~ !"t'St:L:c:~~:t'd s:a i:da.rd
s:a:\dud a.d \'dr.ces dt :he lx'g1 ;.n ::~g o:
the next FY P rov1 st ons :!1ere-0:1 d u DI o DI ~ o DI DI o Dow ngrad at:ons o: restn;ctu :ed l "o. of borrowers a c ct ~ 0 01 ~ o
.\mount Outstandi1~g Cf Cf Cf Cf Cf ~ 0 0 0 0
accou nts du nr.g the f'T' P rovis tons there-on Cf Cf Cf ot ot ti 0 0 0 0
\V rite-offs of res tru ctu red accou nts l '.':o of bol1"0WP1' ct Cf ~ ct Cf ·~ 0 0 0 0
Amount Outstand ing Cf Cf Cf Cf Cf Cf 0 0 0 0 (28.73) (2873) (28 73) (28.73)
dunng the FY• P rov1s10ns the i~-on Cf Cf Cf Cf Cf Cf 0 0 0 0
Restructured Accounts as on date 01 "o. of 001rnwers 1-~~~~~~+-~~-::t--~~-:+~~-,,1~-:+~-:+~~-,,1~~---,+-~~.,,+----,,+-----,+-~~+-~~-+-~~-t-~4-~~~~~-+-~~-+-~~~'"----'~~--1
0 0 1.31 0 1.31 0 0 1.31 0 1.31
clostng of the FY (closing figur~s·) Pmvisions the r~-on I l1 l1 l1 l1 l1 l1 l1 l1 Lii l1 l1 l1 l1 l1 Lii L~ Lii Lii Lii U
"Out of three res tru c ture d accounts at the beginning of the yea1; 1-ecovery of Rs.28.73 cro1e was mad e from tw o accou nts ou t of vvhic h one account was closed. (,\ mount outstanding as on 30.06.20"!8: Rs.30.04 e r- Rs.28.73 er= Rs.1.31 er)
" \ +.1
1.3.5 Movement of N on-performing assets
Particulars
...:;ross 'P!\s as on o pt•ning da ll' of a\'rnun ting pPriod
(O pming Balancl')
,\ddilions (Fn•sh NP.\s) during tlw ypa r
Sub tot al (.'\ )
I .('SS : -
(i) Upp,ra da lions
(ii)R('l'Cl\'Pril'S (t•xd ud.ing Tl\'O\'l'rit•s madl' fr om upgradl'd.
;i.ccounts)
(iii) Tt•chnirn l / Prudmtial Wrilt' offs
(iv) Wril(' offa ollwr lhan lhost• undt•r (iii) <1bow
:->ub-tot.il (R)
...:;ross N PJ\s as on 30th Ju1w of fo llowing y(•a r (dosing
ha la nn•) (A-8)
1.3.6 Write-offs and recoveries
ll'a rticula rs
()ppning balann• of Tt•chnirn l / Prndt•n tia l w ritlt•n off
accounts as at July I
J\dd : Technical / Prudl'nli,i! wrilt• offs during llw year
Suh tota l(/\)
r .('SS : Rl'CO\'t'ri('S 111,1dt• from prt'\' ioush· lt'<.'hni t';l I I prudt•ntia I
writlt•n o ff an·ounts during lhl' )'l'd r (B)
~losing balann• <ls ,1 t Ju1w ::rn (1\ B)
1.3 .7 Overseas Assets, l'As and Revenue
Particulars
I'otal J\ssl'ts
fotal NPJ\s
fatal Rl'venut•
1 .3 .8 Depreciation and provisions on investments
l'a rticu la rs
(1) Jn\'l'Slllll'l1tS
(i) C ross Im·t•stnwnts
(a) In lndi<1
(h) O uts idl' India
(ii) Provisions for Dq)J'('<·ia lion
(a) Jn India
01) O utsid(• India
(ii i) N l'l lnv<•stnwnts
(a) In India
(2) l\ !OVl'J1ll'11l of rrovisions Jwld towards dt•pn•cialion On
inVl'SlIIH'nls
(i) O pming b ,1 la nn•
(ii) :\dd: ProYisions 111,1dt• during tlw )' l'<l l'
(iii) :\ppropria lio n, if c1 ny, fr o m Im·t'Sl11 u·11t Flut'lua lion
Rt•sel'\'(' Account during llw yt•a r
(iv) l .l•ss: Wrill' olf / wril t' lldrk lll l'X l 'l'SS prm·isions
iming tlw yt·c1 r
(v) I .l'SS: Transft>r, if ;m y, to hn·pstnwnt Fludtta lion
R<'St'l'\' l' :\n:ount
(vi) Closing bala nrf'
15
(Amount in~ Crore)
2017-18 2016-17
'.B .90
29.29 17 .03
29 .29 17. 07
·1.61 3:) .9 ()
(Amount in~ Crore)
LUJ'/-18 2U l 6-17
!'\ ii :'\ ii
N il N il
!'\ ii !'\ ii
N il N il
!'\ii ;\Ji!
(Amount in~ Crore)
201 7-18 2016-17
2 10.92 2.ll l .. l 9
IJ.00 0.00
·L<J 5 ·l. 3 'l
{Amount in~ Crorc)
2017-18 2016-17
3 ,65 2.32 1 ,5 :~ l. 2·1
3,65 2.32 1,53 1.:?. l
7 .5 1 2 .93
7 .5 1 2 .93
3,6·1'1.81 1,528.:11
3,!>·11.8 l l ,528.31
2. 93
2 .10
7 .5 1 2 .93
1.3.9 Provisions and Contingencies (Amount in~ crore)
Break up of 'Provisions and Contingencies' shown under
the head Expenditure in Profit and Loss Account
IJrovisions for dl•pnYia lion on liwl'slnwnl
l'ruvisiun lowanb Non I'Prformi113 /\ssl'ls
Provisil1ll madl' ltnvards lnconw tax
Provision m<ldt• towards Dl'fft•rl'd Tax
Pro\·ision for Standard 1\sSL'lS
Pnl\·isions for Bad Dl'l1l u/ s 36(1 )(viia) of U1e li1rnme lax ,\ct
1961
1.3.10 Provisioning Coverage Ratio (PCR)
Particulars
!'CR (ra till of pr0Yisioni.J1p, lo gross non-·pPrform.ing assl•ls)
1.4 lnvPstml'nt portfolio: constitution and operations
1.4.1 Re po Transactions
:-Jpn1ritil's sold lllldl'r rt'jlll
Ct1\·t•nmH'lll SL\·urilil'S
i. Corpora lL' dl'l1t sl'curilil's
:-il'nirilil's purchasl'd undl•r rl'\'l'fSl' rl'po
Covernnwnt SL\·urilies
ii. Corpora ll' dl'l1l sPnirilil'S
2017-18
7.32
3·19.31
67.26
26.911
5·l.H
2017-18
100 °(,
Minimum
oul5ta nding
during ilie
y ear
:'-:il
\:i l
Nil
:'\il
Nil
Nil
1.4.2 Disclosure of Issuer Composition for Investment in Debt Securities
Current Year
Sr.No Issuer Amount
2
(i) l'SL's 0.00
(ii) Fls n.oo (iii) B<lnks 0.00
(iY) l'rivd ll' Corpor,1 ll's 000
(Y) Subsidia ril'S / Joint Vl'ntures () 00
(vi) Otlwrs (l 00
(vii) Provisicm lll'kl low,1rds depn'<:ialion 0.00
Tot;il 0.00
Previous Year
Sr. N o [S~Ul'f Amount
2 3
(i) l'SCs tl.00
(ii) n~ (l.00
(iii) Banks 0 00
(h·) Priva tl' Corpordll'S 0 .00
(\·) SubsicliariL's / Joint \ 'mt:url'S 0 .00
(vi) Otlwrs 0.00
fl IHl
2016-17
6.34
0.21
458.27
129 .25
29.84
58.28
2016 -17
100 %
Maximum
oul5tanding
during ilie
year
Nil
:'\il
Nil
:'\il
Nil
N il
Extent of
l'ri\'ak
PlarPnwnl
4
0.00
0.00
0.00
0 .00
0 .00
0.00
0.tHl
0 .00
ExtPnt of
l'rivotl'
Plact'nwnl
·l
0.00
0.00
0 00
O.tJO
0.00
0.00
n nn
(Amount in ~ crore)
Daily
Average
outstanding
during the
year
Nil
Nil
Nil
N il
Nil
Nil
Extent of
'Below
Investment
Cradl''
s.·curitfrs
5
0.00
0.00
0.00
lJ.(JO
0.00
0.00
(J.00
0.00
Extent of
'Bl'low
Jn\'l'Stmcnt
Gradp'
Sel'uriti0s
5
0.00
0.00
0.00
0.00
0 .00
0.00
n nn
Outstanding
as on June
30, 2018
Nil
Nil
Nil
N il
Nil
' il
(Amount in~ crore)
Extent of
'Unrated'
SPcurities
0.00
0 .00
0 .00
0.00
0.00
0 .00
0 00
0.00
Extent of
'Unlistpd'
Securitil's
7
0.00
0.00
0.00
() 00
() 00
o.on 000
0.00
(Amount in t crorc)
Extl'nt of
'Unrdted'
s,•curities
0 .00
0.00
0.00
0.00
0.00
0.00
n nn
Extent of
'Unlistpd'
S<'Cutitil'S
7
0.00
0.00
0.00
o.on
0.00
0.00
n nn
1.4.3 Sale and Transfrrs to/from llTM Category: '.\.'ii (l'Y '.\.'ii )
1.5 Details of Financial Assets purchase(V sold
1 .5.1 Dela ils of Fina ncia I Assets Sold to Securitisa tion/Rcconstruction company for Assets Reconstructions
A. Details of Sales
Particulars
(i) N o. of accounts
(ii) :\ ggn•ga tl' v.1ltw (nd of prndsions) ot .icrnunls sold to
SC/ RC
(iii) Aggrq~a tl' rnnsidl'ra lion
(iv) 1\ddition,il rnnsidt•ration n •a lizt>d in n'SJ1<'l' t of accounts
transft•rrpd in t'arlit•r \"Pars
(v) ,\ ggrcga ll' gain / loss ovPr nl'l bonJ... v,liut'
B. Details of Book Value of Investments in Security Receipts
Particulars
(i) Bod-..Pd by N P/\~ sold by tlw ,\JFI a s undt•r ly ing
(ii) Bat·kt•d by N P,\s snld by ba11 ks / o tlwr financial
institut io ns I 11011·· ba11ki1w find ll t" ia I ('(llllpanit'S clS undPrlyinv
rrotal
1.5.2 Details of Non Performing Financial AssC'ls Purchased/Sold
A. Details of non performing financial assets purchasrd
Particulars
I. (a) N o . of accounts purch,1sl'd during thP yt'a r
(h) J\ggrrgatP outstc1nding
2. (a) O f tlwst', numlwr of an·ounts n•slructun•d during Uw
yrar
(b) /\ggn•ga tP tiutsta nding
B. Details of non performing financial assets sold:
Particulars
l. No. of accounts sold
2. J\ggrrga tt• oulstclnding
13 . .'\gg rega ll' considt>ra lion l"l'<."l'iwd
1.6 Operating Results
Particulars
(i) Intprpsl lnconw ,1s a p<'l"l"t'l\t,1g<' to Working Funds
(ii) Non inl<'rt'sl inco nw as a p<'l"l"<'nia P,<' to \ \'n rking Funds
(iii) Op<'raling Profit HS a J'l'H"<'nt c1 gl' tn \\'or king Funds
(iv) Rl'lurn on A~sl'ts
(v) Net Profi t 1wr L'mployPP (~ in rrort')
-17
(Amount in~ crore)
2017-1 8 2016-17
N il N il
N il N il
N il '.\Ji ]
N il N il
N il i\:i l
(Amount in~ crore)
Book va lue of investments
in security rccc ipts
2017-18 2016-1 7
:'--.: ii '.\.' ii
i'\ il :\: ii
N il ;\;i i
(Amount in~ crore)
2017-18 2016-1 7
N il N il
Nil :'--.: il
l\'il N il
Nil :'--.: ii
(Amount in~ crorc)
2017-18 201 6-1 7
Nil i\: il
'.\Ji] Nil
' ii '.'\ii
2017-18 2016-1 7
7 .o :~ ~" 7 .. 19°0
tl. I · I ~" 0 .-10 ".,
l.9 7~o 2 .2CJ ~'o
1.22 % 1. ·l(i %
6.26 7 .2·1
1.7 Credit Concentration risk
1.7.1 Capital ma rket exposure
(i) dir,,,·t invt'stnwnl in rquity share's, rnnn'rtiblL' bonds,
·orn' l'rtibll' dl'lwnlun•s and w1its of ''quity orit•nll'd mutua
"unds llH~ nirpus of wh ich is nol cxrlusin•ly imrpslt•d i1
(ii) advann•s a1~ail1sl sharps / bonds / dt>bmlun•s or
otlwr sc1.·uritil•s or on ckan basis to indiYiduals for invt>stmt•nl
ill shares (induding lPOs / E.SOI's), convt•rtibh• bonds,
·onvt•rtibk dcbc11turt•s, and units of t'quily orit•ntl'd 111uluc1l ( ... .,, ,.. (iii) advances for any ollwr purposes wlwn' shan•s o r
co1wt>rlihlt• hllnds llr cmwt•rliblc debentures or units of L'quity
tlfiPntt•d mutual funds an• taken as primarv St'ntril\· ;
(iv) c1d\·,i11n's for any ollwr purposl's lo llw l'Xlt•nl St'nirl'c1
~1y llw rollc1 lPral Sl'n1rity of sharps or corn·l'rtibll' bm1ds or
1t·om ·l'rtiblt• dt>lH•nturt•s or units of l'l{Uil\· orit•nlt'd mutual
U'iuuls i.l'. wlwn' llw primary st•rur il\· ollwr than slldl'l'S /
rom·t'r ti bll' bo11ds / com·crtiblt• dl'lwnlurt'S / uni ts of t>quity
orit•nt,,d mu tual funds 'docs not full\- l'O\"t'r tlw a th·a 1Kl's;
(,· ) s,•,·un'd <1nd unst'<.·ur l'd c1dvanct's to slockbrokt•rs c1nd
gua ra ntct's issuc'<.l on lwha Ji of slockbro krrs and rnarkt•t
(' ·i) lo c1ns s<111ditnwd to rnrporatl's against llw st>rurity nl
shan•s / bonds / dl'lwnlllrt'S or ollwr st•curitit•s o r on c!t•a n
~ldsis for nwl'ling promolt•r ' s runt.r ihulion lo llw t'quil\· o f 1ww
rompanit•s in c1nlicipalion of raisin); rt'SOUITl's ;
(vii) bridge loans lo rompanil's against l'X pt>ctl'd ''quity
U1ows / i~sucs;
(, ·iii) undt•rwriting commilnwnts lakPn up by tlw :\U:I in
u·cspt'<.' t of prim<1 ry issue of shares or rnnn'rtiblc bonds o r
k"Oll\' l'rtiblt• dt•lwntun's or units of l'Cjllil\' oriPnll'd muttldl
u·unds;
(ix) fincnll'ing to storkbrokt>rs for margin trM!i.ng;
(x) all t•xposurt•s lo Vt>nlun' Capital Fuml~ (both n•gistt'rt'd
I o ta l l'.XposurC' to l .apllal Market
!\:ii
.\Ji!
Nil
0-:il
:'\ii
0:il
:'-J i]
0:il
:'\il
:\ii
Nil
(a , H,rnk 's t'xposun• is in unlistPd Pquity only a mow1ti11g to~ 766.47 C r
1. 7 .2 Ex po sure to Country risk
Exposure
Risk Category# (net) as at
June 2018
lnsignifi,·c1nt 210.92
f ,(l \ \ ' ()
:\ Jod,•rall' 0
~ !igh (l
fVPn l!igh 0
1-1.Pstrirt ,•d 0
l'-)ff.,.-n•dit (l
l'otal 0
Nil
' il
Nil
:'-Ji!
:'\il
i\:il
Nil
N il
Nil
N il
Nil
(Amount in'{ crore )
Provisio n Exposure Provision held as at (net) as at held as at June 2018 J une 201 7 J une 2017
241'19 ()
() 0 0
() 0 0
() 0 0
0 0 0
0 0 0
() () ()
0 0 0 . ..
# A., 1wr h.81 Cl!'t u l 1 r No . DBOD HP.BC .1 1 , ~ 1 04.1 lU ' ?002-05 did 19 O~ JO tU on J\ i..,)... M .111.1g1rn1·11l ul 8.111 k ..,.. G 111dd11u~ 011 C ountry R1..,k M.in<1gt'lllt'lll" th<'
with Forv1g11 81,1 n l he'!'> 11 ! lmh.1 n 8.1 nk -. (( '.i n .1 r.1 B.1 nk I.on don ,1 nd Bo! N"''. Yo rk 81«1 111 h ) ,1111! v.1 hlf'of l nt.i I d qw -. 1l '> t.., { 2 1 () 92 n ~.1 t Jum".Hl,'.!018 whid1 i.., !..!'>"' lhan
::>'\. nl tot,1J,1,~d ... nf tllt'H.i11h. , llll'g11id d1111-..nMy nul lw,1pplM,lhk•lo1 N llB
1.7.3 Prudentia I Exposure Limits- Singlc Borrower Limit(SGLVGroup Borrower Limit (GBL) Excceeded by the i\[F[
(i) The number and a mount of exposures in excess of the prudential exposure limits during the year
(Amount in ~ crore) .
Amount Amount Non- percentage to
SI. No. PAN N o. Borrower Name Industry Code Industry Name Sector Funded Funded capital Funds
1 #Nil
Tot,11
# Sin<.:l' Prudl'ntial Norms an' nol pn'scri\lt'd by RBI for crPdil l'xposun'.ll is inll'rna lly lh><:idl•d by Board.
(ii) Credit exposure a s percentage lo capital funds and as percenta ge to Total Asset, in respect of:
(Amount in~ crorc )
•y,., gc to ca pita I %age lo total capi ta l 'Y.iagP lo
Particulars fund asse ts fund lo ta I assets
2017-18 2017-18 2016 -17 2016-17
llw la rgl'sl single' bnrrowl'r 9 1_.!8 % 11.9"1 % 81.1 7" .. I 0. -18 ~~
The largl'SI horroWl'r group 85 .7-1 "G 111 7 '.';, 128 .90 °0 Ud1 5 °G
"l11c 20 la rgl'Sl si ng le hnrrowl'rs 6'.'1 1 .7·1% 82.27% 6·18. fi l % 8 '.1.76%
The 20 largc•st bnrrowl'r groups$ 189.3'1 % 211.66 ~ .. 175 .1 3?~ 22 .6 2 ?o
~ NI IB has only Fiw horrnwl'r groups
(iii) Credit exposure to the five largest industrial sector as percentage to total loan asse ts Not Applicable
(Amount in~ crore)
N il '"
('Thoueh lb..' pmJCC l f1 1tdll<" l'
Total amount of advances for which intangible securities such as charge over the rights,
(iv) licenses, authority, etc. have been taken as also the estima!Pd value of such intang ible
collateral.
111<' righh, li c t'lh <"" .1u lhmi ly, l'lc. i; N IL,dll oulsand111g ,11nounl
~O . Of1 . ~ ll l 8 whdt• <1 11 ,1 mm111I of Rs .0.48 Cl\ll\' 1~ St'r un'd by R,111\,.
(v) Factoring Exposure Not Applicahll'
(vi) Exposures where the FI had exceeded the Prudential Exposure Limils during the year N il
49
.7.4 Concentration of borrowings /lines of credit, credit exposures and NP As
a) Concentration of borrowings and lines of credit
(Amount in~ crore)
Particular~ 2017-18 2016-17
Total borrowings from twenty largest lender 36,490.86 34,724.91
Percentage of borrowings from twenty 69.26% 71 .69%
largest lenders to total borrowings of the
b) Concentration of credit exposures*
(Amount in~ crore)
Particulan 2017-18 2016-17
Total exposures to twenty largest borrowers 53048.08 48,822.24
Percentage or exposures to twenty largest 90% 90%
borrowers to Total Advances of the AIFI l otal Exposure to twenty largest
53048.08 borrowers / customers 48,822.24
Percentage of exposures to twenty largest
borrowers/ customers to To tal Exposure of 89% 87%
the AIFI on borrowers/ cus tomers
total of top ten country exposures to total Not Not
exposures Applicable Applicable
~ -
'· \ ~
so
c) Sector-wise concentration of exposures and NPAs
2017-18
Percentage of Outstanding Outstanding
Sr. No. Sector Gross NPAs to Total Gross NPAs Total
Total Advances Advances Advances
in that sector
I. Housing Sector 57580.18 4.61 0.01 % 54194.31 1 Central Government 0.00 0 0.00% 0 2 Central PSGs 0.00 0 0.00% 0 3 State Governments 0.00 0 0.00% 0 4 State PSCs* 0.00 0 0.00% 0 5 Scheduled Commercial Banks 19369.21 0 0.00% 13431.93 6 Regional Rural Banks 846.74 0 0.00 % 1057.59 7 Co-operative banks 164.70 0 0.00 % 156.91 8 HFCs** 37194.92 0 0.00 % 39542.69 9 Private sector (excluding banks and HFCs)*' 4.61 4.61 100.00% 5.19
II. Commercial Real Estate, if any 11 108.06 0.00 0.00% 224.49
III. Others (Please specify) 0 Total (I+ II+ III) 57688.23 4.61 O.Qll'.fo 54418.80
*Includes State Housing Boards, .\tfunicipal Corporations, Development Authorities and State PSGs
**Includes Co-operative Housing Finace Societies *** Pertaining to MFis registered under SocietiesAct
(Amount in~ crore)
2016-17 Percentage of
Gross NPAs Gross
to Total ".\JP As
Advances in
that sector 5.19 0.01%
0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00%
0 0.00% 5.19 100.00%
28.71 0.00%
0 0.00% 33.90 0.06%
11 Exposure to commercial real estate incldes direct including securitised exposures secured by mortgages on commercial
hotels, land _ acquisition, development and construction,
Sl
1.7.5 Unhedged Foreign Currency Exposure
(Amount in~ crore)
Sr.No. Particulars 2017-18 2016-17
1 Name of entity: National l lousing Bank
2 Foreign Currency Exposure (FCE) as on 30.06 .2018 1,365 .77 1277.19 FCE having maturity or having cash flows over the period of
3 next five year (out of 2 above) 711.92 702.45
4 Amount covered by financial hedge (Out of 3 above) 513.13 445.68
5 Amount covered hy natural hedge (Out of 3 above) 228 .79 256 .77
6 Unged.ged. Foreign Currency Fxposure(3--i-S) 0 .00 0.00
1.8 Derivatives
1.8.1 Forward Rate Agreement/ Interest Rate Swap
(Amount in~ crore)
SI No. Particulars 2017-18 2016-17
1 The notional principal of swap agreements Nil Nil Losses which would be incurred if counterpartics failed lo
2 fulfil their obliga lions under the agreements 1 il Nil
3 Collateral required by the AIFl upon entering into swaps Nil Nil
4 Conccntra ti on of credit risk a rising from the swaps Nil Nil
5 The fair value of the swap book Nil Nil
1.8.2 Exchange Traded Interest Rate Derivatives
(Amount in~ crore)
SI No. Particulars 2017-18 2016-17
Notional principal amount of exchange traded inten'sl rate
(i) deriva lives undertaken d. uring the year (instrument wise) Nil Nil Notional principal amount of exchange traded interest rate
(ii) deriva lives oulsland ing as on 30th ]Lme (instrument wise) Nil Nil Not10nal pnnc1pal amount ot excllange trat1eL1 mterest rate
deriva lives outs landing and not 'highly effective' (instrument
(iii) wise) Nil Nil Mark to markd value of exchange tral1cl1 mterest rate
derivatives outstanding and not 'highly effective' (instrument
(iv) wise) Nil Nil
\
1.8.3 Disclosures on risk exposure in derivatives
B Qualitative disclosures
• The Bank has in-place derivative policy approved by the board which permits use of derivative products in line with business
goals of the Bank. The policy has delegated powers lo enter into swaps only at very senior level
• Counter party exposure limits are within the overall limits set for each counter party. The credi t equivalent of swaps are
computed as per current exposure method as prescribed by RBI
•The Bank has the necessary infrastructure whert' the functions arc well defined i.e. Front office, Back office & Mid Office.
• The position of the swaps is conti nuousl y monitored. /\LCO reviews the valuations of the outstanding positions on a monthly
basis. Futher, the Board is apprised of the position on a quarterly bases including tlw valuation of the swaps.
•The Bank uses financial derivative transactions predominantly for h 'dging its assets/liabilities and for reducing cost. The Bank
currently deals only in plain vanilla over-thl'-countcr (OTC) intl'rcsl realc a nd currency dnivatives, for managing inlen'sl rate
risks. The Bank shall use such bench mc-Hks when' pricing is transparent and th<lt arc permitted by RBI.
• The interest exchanged on the swaps is accounted on an accrual basis
(ii) Quantitative disclosures
2017-18
Sr.No Particular Currency Interest rate
Derivatives derivatives
Derivatives (Notiom1l Principa l /\mount)
a) For hedging 1185 .17 0
(i) b) For lrad ing () ()
Marked to Market Positions[1]
a) Asset(+) 88.76 (ii) b) Liability(-) ()
(iii) Credit Exposure [21 96.% ()
Likely impact of one percentage change in interest rate
(100*PV01) 0
a) on hedging derivatives .Jtl.71 0
(iv) b) on trading derivatives ()
Maximum and Minimum of100*PV01 observed during the
year* 0
a) on hedging 118.06/32 .<JO ()
(v) b) on trading
{Amount int crorc)
2016-17
Currency Interest rate
Derivatives derivatives
1016.18 ()
() ()
(80.89) ()
48.12 0
34.23 ()
()
36.17 / 26 .05 ()
*Siner, thl' PVl3P is cnlculal('d on a quarl<•rly basis, tlw maximum and lhC' minimum vahu·s <II"< ' lc1k<'ll fro111 c1 q u a r l<•rly basis.
1.9 Disclosure of Letters of Comfort (LoCs) issued by AIHs Nil
LO Asset Liability Management
(Amount in~ crore)
2017-18
29 Days lo 3 Over 3 \1on lh lo Over 6 '.\1onth to Over 1 Years and Over 3 Years and Particulars 1to14 Days 13 to 28 Days Over 3 Years Total
Ylon ths Cpto 6 '.\1on th Lpto 1 Year Lpto 3 Years Lpto 3 Years
Deposits 10.40 2.93 770.68 770.6-1 1SJ9.7-l 9577.97 1-1511.98 9000.00 3619-±.3-l
Advances 1064.72 2.39 3.10 1989.48 3678.30 20349.91 1-±934.4.J. 15661.28 57683.62
crnvestrnents Hl31.06 0.00 753.20 994.03 0.00 0.00 0.00 866.32 36-±.J..81
Borrowing5 7268.68 0.00 0.00 0.00 2.61 0.00 0.00 0.00 7271.2S
!Foreign Currency assc t5 0.00 0.00 384 23.62 28 .39 123.SO 79.86 34.SS 293.76
Foreign Currency liabilitie. 0.00 0.00 11.41 90.84 103.06 391.82 162.76 605.88 1365.765
(Amount in ~ Crore)
2016-17
l'articulars 29 Days to 3 Over 3 \1onth to Over 6 :vlonth to Over 1 Years and Over 3 Years and
1to14 Days 13 to 28 Days :vlonths Cpto 6 :vlon th Lpto 1 Year L'pto 3 Years L' pto 3 Years
Over 3 Years Total
Deposi ts .:±.OS 0.77 493.19 537.65 1032.21 7136.06 16052.73 10755.13 36011 .79
Advances 195-±.21 0 8.8 3396.19 5752 . ..tS 14298.93 13113.7 15860.61 S-138-1.89
Investments 401.99 () 0 281.88 620.12 0 0 224.32 1528.31
Borrowing~ 3933.13 () 0 0 502.6.J. 2.61 0 () -1438.38
Foreign Currency asse t~ 0 0 3.28 20.95 25.0S 108.97 124.S-1 43.36 326.3.5
!Foreign Currency liabilitie. 0 0 1.22 68.1 70.03 320.73 267.82 549.29 1277.19
S-l
2 Draw Down from Reserves 2017-18 2016-17
IL j l Nil
3 Business Ratios
2017-18 2016-17
Return on Equi ty 10.25 % 12.83%
Return on J\ssets 1.22 % 1.46%
Net Profit Per Employee(~ in crorc) 6.26 7.24
4 Disclosure of Pcnalitics imposed by RBl Nil
5 Disclosure of Complaints
(a) Customer Complaints
2017-18 2016-17
(a) No. of complaints pending at the beginning of the year 1 1
(b) No. of mm pl a in ts received during the year 105 116
(c) No. of complaints redressed year ·105 116
(d) No. of complci ints pending at the end of the yea r 1 1
6 Off-Balance Sheet Sl'Vs Sponsored (which arc rcqu ired to be consolidated as per accounting norms)
Name of the SPV sponsored
1---l~~mc_stic -------.-1 ~-ilersc---1as II 7 Disclosure as per specific accounting standards
7 ·1 Accounting Standard 5 - Net Profit or Loss for the period, prior period items and changes in
accounting policies.
(Amount in~ Crorc)
2017-18 2016-17
Prior Period Income~IJ 8.07 0.()2
Prior Period nxpcnsc 0.87
Ca)Plcascrcfer paras l ?d & 26.2 of No tes to J\ccounts, * ~ 2 1,269/-bookcd under pnor pcnod
items
55
()*
7.2 Accounting Standard 17 - Segment Reporting
ThP Bank's opl'rnlions pn'dt1mi11a11t]y nnnpriSL' only 01w st•gnu'nl i.<'. fina11l"ial acli\'ili<'S. I ll'lK<', llll'n' an' tw sl'parall' rq1ortahlP
spgi1wnls as p<'r llw Arrnunting Standard on "St'gnwnt Rl'porlinp," (1\S 17) issut'd by tlw Institu tl' of C hartPn'd Accountants of India.
7.3 Accounting Standard 18 - Related Party Disclosures
PIPasP rpfrr to :'\lotrs to An·ounts para No 19.
8
Un am ortised Pension and Gratuity Liabilities
~· Am it Sinha Rakl'sh ,\waslhi
ASSISTANT CE:'-.:EK·\I . :\It\:'\ . \ CJJ,: CJ llEF Fl0:ANCl /\I. ( )JTIG:R
Dakshil<l Das
MANAGING DIRECTOR & U !IJ·T LXECCTI\ 'E OFFICER
NPw J)pJhi, August 28, 2018
2017-18
i\:il
2016-17
f\:il
~r+~ I ) r. , \shwani Kumar Tripathi
EXECUTl\'E DIRECTOR
1\s 1wr llttr attadwd Rl'port of Pvl'n datp
For S. N. Nami<l & Co.
Chc1rlt'rt'd Accountants
(S. N. 0:anda)
Part1wr
\[pm\wrship No. 005909
NATIONAL HOUSING BANK
YEARLY ACCOUNTS
2017-18 (July, 2017 TO June, 2018)
(SPECIAL FUND)
57
Na tiona l H ousing Bank
Previous Y car
Ps.
618,195,097.30
212,887,000.00
30,00 0,000.00
3,485,290,330 .27
Liabilities
l. Spt>t'id l Fund. (Slum lmpron'ml'llt ond Lnw Cost I lousing Fund)
(i) SpL'l'idl l'c'SC'l'\'l' u / s 36(1)(viii) of lnninw Tax : \L't, 1 %1
(ii) hivt'stnwnt Flul'luation Rt'Sl'rV t'
(i ii) RL'St'J'\'t' Fund -VDS
?>. l'rofit [.,, l.oss 1\ ((011111:
215,519,529.12 /\dd: l'rofil lrnnsfc'rrt'd from tlw Profit and Loss A/ c
301,327,978 .00 /\dd: Tronsft'r from S]Wl'i<ll Rt'Sl'fn' u / s 3G( l )(di i) of lnrnnw Tnx Act, l %1
516, 847,507 .12 1.css: Transfer to Rt'St'rVt' Fund -VDS
1,048,885,590 00
7,769, 00 0.ll ()
17 uo1,3:rn.oo
500,000,000 0 0
67 ,413,352 .0 0
6, 141,541 ,69 9.5 7
Previous Year
Ps.
2,81 7, 000.lJ()
1 2,000 ,000.00
71 ,600,000 .0ll
68,374,000.00
237,296,529.'12
392,087,529.12
2 1,777, IJOO ()0
516,847,507.J 2
538,624,507.12
Amit Sinha
1\SSISL·\ r CEN ERt\I. :-1 1\ N 1\CEJ..:
Dakshita Das
.J. ( ·11rrc11t l.i11/1i/1ti''-' 11111/ l'rooisio11s:
(i) l'nn·ision Jor Incomt' Tax
(i i) Prov is ion for St<i rntird A~sl'ls
(iii) l'ro v ision for Bod nnd DoubU.ul l)d1ts u/ s 3C1(J )(1·ii<l )(r) of hiro11a' Tc1x Art, l % 1
(ii· ) U tlwrs
5. Dt>fc'rrt'd Tax I ia bilit\'
TOTAL
Exp en di l urc
1. l'roYision for Standard AssPls
2. Pro \·ision fo r Bad and Douhtiul Dl'hts u / s 3b(l)(viia )(c) of lnconw lax Act, 1961
1J. l'rol'ision for lncoml' Tax
5. B<lla11l'l' of Profi t co rr il'd down
TOTAL
h. Tra nsfl'r lo Spl'L·ial Rt'Sl'rn' u / s 36(1 )(Yiii) of ln,·onw Tax 1\d, 1961
7. Ba Jann' C ,irrit'd lo Bald1Kl' Sht't't
TOTAL
dv4--Rakcsh Awasthi
CllllT FJ:'\ ,\0:U1\l , OFFICJ-:R
i\.IAJ'\J,\GING DIRECTOR & Cl !IEF 1-:x 1:ct : 1w1: OFFJCER
i\:pw Dl'lhi , Au1~ust28 , 2018
233,119 ,328.00
30,000,000 .0 0
3,608,639, 915.79
123,349,585.52
123,349,585.52
1 ,120,885,590.00
8,068,68 1.86
18 2,9 11,330.00
500,000,000.00
(Slum Improvement a ld
Balancl' She 't
Currc ntY ar
618 , 19 5,09 7 ()
3,8 7 J ,T1 4,21 '.l 7 lJ
() (}()
un 1,8ei 5 ,eio1 8(,
7:i ,2J1i,3 :i2.. 10
6,377,056,29 95
Profit & Loss Acee ll11
Curn'nt Y 'ar
l's.
j l ,8 1 ll,lllJ( ()()
7, 8'.l ,,, ()(J( .Oil
72,000,()()( .llll
l l ~ , 5 8 l,tl I. 52
236,007,.'i <J .38
20,232, :-l :::. . ()()
12.' ,?>·l 'l ,58 .:s2
143,.'581,91 .. 'i2
~ Dr. Ashwani Kumar l'rip,1thi
EXECUI'IVE DIRJ-:Cllll~
Low Cost Housing Fund)
as at 30th June, 2018
Previous Year
rs.
383,967 .39
1,88 2,600,0 00. 00
l,9·19,506 , 16-UJO
Assets
C urrl'n l :Vniunt
2 . /11 1•c sf11w11/s(11/ t"os t " '" 11111 r l11'1 1•11/11c 1Pliit"/1cocr is le ss):
Trm sur y Bil ls
I >i n 'ct l A'nd ing
7, 28,J, 500.00 l A'ss: l'ro\"isions for N on l'l'r fllrm ing 1 \.~sl'ts
,L Ut /1cr i\sscls:
75,8 % .59
40,052,8HU I
I ,04 0,651,8 15 .00
1,235,555,5 L6 .28
(i) lnll•rl'st RPtn rnhk on Ba nk Dlvosits
(ii) lntl'rt'st Rt'Cl'iva hk on lin-l'slnwnts
(iii) i\dva nc1' Tax a nd Tl )S
(i\·) :\mount R!'nivl'rablt• from C l'nl'rcil Fund
6,141,541,699 .57 TOTAL
for the year ended 30th June, 2018
Previous Year Income l's.
I 26,847, 156.00 I . In tt•rpsl on I .o ans and 1\d\'cll1Cl'S
I (J.1,0 2 6, 923 .12 2. Inconw from lm ·1•slnwnls
I 6 I ,2 l 3,4 50 .00 3 . l'rovisio n rn> lo n gpr n 'q uin•d
392,087,5 29.12 TOTAL
237,29 6,5 29 .1 2 ·1. B,i!ann' o f l'rnfit brough t down
301 ,327, 978. 00 5 . Tr,111sfpr from Spt'<'irl l R1'Sl'tTl' in !!'rills o f S1•clion 36(1 )(viii) tl l
lnn lllll' T ,1 x t\d, l 9h l
538,624,507.12 TOTAL
Notes forming part of Accounts
Current Yea r
Ps.
383,6 13 .39
3, 997,250, 680.00
I ,ll8 2, ll88 , 13h.OO
7,2 '.H ,000 .00 1 ,074,854, 136 .00
75,896.59
17 ,533/ 1·16 .6 9
l ,lltl O,(i5 '1 , 8 l 5 .00
21 (1,3 06,707 28 1,304,567,865 .56
6,377,056,294.95
Current Year
Ps.
110,583,.-18 9 .00
124,880,606 .38
5113,500 .00
236,007,595.38
123,349,585 .52
20,232,328 .00
143,581,913.52
1. 8 <1l<1net' Slll'l'l and Profi l & L o~s ,\,·c ou nl ,,( Sp1•ci ,1 I Fu 1111 h.w1' l'll' t'n d r,1wn in ,1ccordanc l' w t th th1' pnw" inn' nf ~<1lll11i.1 ! I l11u s i np, R,rnk (SI u 111
l111provt'llll' nl .ind Low Co~t l lou s <ng Fund) Rl'gul ,11ion, l 'Jq'.'.
2. NI 18 (':i lu m lrnprowrnt' nl dnd Low Coq I lou, ing Fund ) t\ 'fll1''l '11l -l0 % oi lht• <lrno unl s dl'f' 0'1 lcd by d tl)' f' <'rson \'Otu nt ,rnly <n "'·c ord <l n< ' l' with the NllB
Volunt a ry Dt!pn~ tl S..·N.· 1n1• (VDS).
As per our attached Report of even date
For S. N. Nanda & Co.
Clldrlt'n'd Accountants
Firm No. 000685 '
(S. N. Nanda)
Pa rtJwr
l\kmlwrship No. 005909
59
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