Corp bank AR 2013_low-res.PDF

7/27/2019 Corp bank AR 2013_low-res.PDF

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1ANNUAL REPORT 2012-2013

d m{ $ [a mo >ANNUAL REPORT 2012-2013{ f - y rCONTENTS

{ d a Particulars n > Page No.

1. ~ $ H o$ J V X g d f H o$ { n m Z H $s { { >V m PERFORMANCE HIGHLIGHTS FOR THE LAST 10 YEARS 02

2. A j H $m A { ^ m U CHAIRMANS STATEMENT 03

3. g y Z m NOTICE 11

4. { X o H $m| H $s [an mo >DIRECTORS REPORT 16

5. Z -d J H $m {d d o Z E d {d b o U MANAGEMENT DISCUSSION & ANALYSIS 29

6. H $mn m}ao > A {^ e mg Z n a [an mo >REPORT ON CORPORATE GOVERNANCE 64

7. V w Z -n E d b m^ -h m{Z b o m BALANCE SHEET AND PROFIT & LOSS ACCOUNT 117

8. g o{H $ V w Z -n E d b m^ -h m{Z b o mCONSOLIDATED BALANCE SHEET AND PROFIT & LOSS ACCOUNT 176

9. H $mn $ {g w[aQ >r { . (A Z w r H $ Z r) H o$ b o oACCOUNTS OF CORPBANK SECURITIES LTD. (SUBSIDIARY COMPANY) 199

10. Cn pW { n M uATTENDANCE SLIP 225

11. E Z B rE g A {Y X o NECS MANDATE 227

12. m g r $m PROXY FORM 229


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d f 2003-04 g o 2012-13 H $ $ $m Z m ZBanks Performance from 2003-04 to 2012-13

(am e ` H $amo >> _ |Amount`in crore)2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13

n y rCapital 143.44 143.44 143.44 143.44 143.44 143.44 143.44 148.13 148.13 152.91A ma{ j V { Z { Y ` m E d A { Y e oReserves & Surplus 2625.21 2911.48 3231.45 3622.01 4085.07 4753.07 5631.43 6989.68 8127.80 9412.78

H $mamo ma m X >Business Parameters

O _ mam e ` m Deposits 23190.93 27233.16 32876.53 42356.89 55424.42 73983.91 92733.67 116747.50 136142.20 166005.45

A { J Advances 13889.72 18546.38 23962.43 29949.65 39185.57 48512.16 63202.56 86850.40 100469.02 118716.65

{ Z d o Investments 10685.04 10261.11 10651.99 14417.49 16512.38 24937.77 34522.63 43452.74 47474.63 58164.49

H w$ A m Total Income 2717.94 2814.37 3100.93 3996.00 5216.33 7174.57 8481.03 10459.62 14510.40 16942.02

` ` { H $ m J ` m ` m Interest Expended 1237.24 1120.42 1399.66 2052.37 3073.24 4376.37 5084.35 6195.51 9870.89 11908.23

n [ aM m Z ` `Operating Expenses 573.66 636.97 746.75 803.59 891.95 1001.58 1259.95 1641.71 1783.55 1996.78

n [ aM m Z b m Operating Profit 907.04 1056.98 953.62 1140.04 1251.14 1796.61 2163.73 2622.40 2855.97 3037.01

{ Z d b b m Net Profit 504.13 402.16 444.46 536.14 734.99 892.77 1170.25 1413.27 1506.04 1434.67

_ w ` Z w m Key Ratios

n y r n ` m V m A Z w m (%)Capital Adequacy Ratio (%) 20.1 16.23 13.92 12.76 12.09 13.66 15.00

#12.90##14.11

#11.94##13.00

#11.38##12.33

ma|mmm (%)Return on Average Assets (%) 1.96 1.40 1.29 1.26 1.38 1.28 1.28 1.21 1.06 0.88

B d Q > r n a V b m (%)Return on Equity (%) 18.2 13.16 13.17 14.24 17.38 18.23 20.26 20.70 18.20 16.27

V e o a A O (`)Earnings per Share (`) 35.15 28.04 30.99 37.38 51.24 62.24 81.58 98.50 101.67 96.74

V e o a ~ h r _ y ` (`)Book Value per Share (`) 193.02 212.98 235.28 262.51 294.79 341.36 402.60 497.62 558.69 645.76

E Z A m _NIM to Average Working

84.258.214.262.217.242.365.349.38.3sdnuF 2.29

H w $ A m _ | ` m o a A m (%)Non-interest income to totalincome (%) 19.0 20.06 17.87 15.90 13.42 17.06 16.95 12.09 10.29 9.49

r||m (%)Gross NPA to Gross

Advances (%) 5.03 3.41 2.56 2.05 1.47 1.14 1.02 0.91 1.26 1.72

r||m (%)Net NPA to Net Advances (%) 1.80 1.12 0.64 0.47 0.32 0.29 0.31 0.46 0.87 1.19

b m m Dividend (`) 6.00 6.50 7.00 9.00 10.50 12.50 16.50 20.00 20.50 *19.00# ~ o b Io$ A Z w ma As per Basel I.## ~ o b IIo$ A Z w ma As per Basel II.* V e o a`19.00H o$ b m m H $s g V w V H $s J B Dividend of`19.00 per share recommended.


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FROM THE CHAIRMAN ANDMANAGING DIRECTOR

Dear Shareholders,

1. I am immensely pleased to place before you the AnnualReport of your Bank for the financial year 2012-13. Thisis the second year in succession that I am addressing youas the Chairman and Managing Director of this greatinstitution. The year just gone by was a challenging yearfor the Indian economy and banking as well. Turbulenteconomic conditions in the Europe and the US, the

financial crisis in Greece and thereafter in Cyprus, had itsimpact on the Indian economy. It was a challenge for usto sustain growth both in business and profitability of theBank, in the backdrop of such volatile economic situation.I am happy to inform you that your Banks performancehas shown its resilience to this volatility and proved itsconsistency in achieving a better result, which is reflectedin its financial statements. Let me share with you in brief,the Indian Economic and banking scenario and salientfeatures of your Banks performance.

2. Economic Scenario

2.1 The financial year 2012-13 has been a very challengingyear. The Global economic situation continues to remainhighly volatile. The financial crisis that gripped the worldeconomy since 2008-09 is still posing a challengingenvironment across the globe. Though there are somesigns of improvement in US, Euro area sovereign debtproblems continue to weigh heavily on global growth.The International Monetary Funds (IMF) latest WorldEconomic Outlook (WEO) released in April 2013 loweredits 2013 forecast for global growth to 3.3%, down from

A j E ~ { X oeH $ $s moa o

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4

its January projection of 3.5%. It also trimmed its 2014forecast to 4.0% from 4.1%.

2.2 On the domestic front, Indias growth has seen moderationin the last two financial years. As per the advance estimateof Central Statistical Organization (CSO) Indias Gross

Domestic Product (GDP) may come down to 5% levelin FY13 compared to 6.2% in FY12, which will be thelowest growth rate of the country in a decade. What ismore worrying factor is that the growth has moderatedquarter after quarter from 7.5% in Q1 FY12 to 5.5% inQ1 FY13 and to 4.5% in Q3 of FY13.

2.3 The slowdown has been quite broad based and hasimpacted almost all major sectors of the economy. Thegrowth in the export oriented sector has been affected byslowing exports and a very high level of Current AccountDeficit (CAD). Saving grace is, however, that merchandiseexports has seen some positive trend in the last quarter

of FY13. Further, the recent decline in internationalcommodity prices and gold prices may help containingthe CAD, going forward. It may be, though, too early tosay that the fall in commodity prices are going to sustainor not.

2.4 As far as inflation is concerned, some softening of globalcommodity prices, lower demand conditions and lowerpricing power of corporates have brought down the WPIinflation. Annual WPI inflation in Mar13 dropped to itslowest in three years at 5.96% from 7.69% during thecorresponding period of the last year. The decline wasmore pronounced in case of core inflation, especially in

the last two months of FY13. Core inflation has fallenfor the seventh straight month to a three-year low of3.41% y-o-y in March 2013. However, the concern isthat consumer price inflation is still ruling at quite higherlevels, reflecting continuing food inflation pressures.

2.5 While the overall international outlook is unlikely toimprove significantly in FY14, the domestic outlook seemsto be moderately better. The forecast of a normal monsoonby Meteorological Department is a better prospect foragriculture. With inflation showing signs of moderationand expected softening of interest rates, the industry andservices sector may show signs of pick up. The positive

sentiment is also based on the number of reform measuresannounced by the government to improve the overallinvestment climate. However, the challenges are still largeand much would depend on the overall global recovery,service sector performance, a good monsoon and animprovement in the consumer sentiments in the domesticeconomy.

h & C m| o 20 14 H o$ n y m w m H $mo ^ r 4.1% g o 4.0 % V H $ K Q > m { m h &

2.2 K ao y j o |, { N >b o X mo { mr d f m] H o$ X mam ^ maV r d { | Z a r X o r B & o$ r mp H $s R >Z (g r g A mo) o$ { Z w m

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2.3 h r H $m $s m H $ ah r A ma A W d W m H o$ b J ^ J g ^ r wj om| | B g H $m m n >m& { m C w j o | d { { m m| | r V W m M m y I m m K m >o (g r S >r) H o$ C V a H o$ H $maU m{ Vh & { $a r, m m[aH $ { m m| o O V aI r, { g o { m f 13H $s A { { m r | H w$ > g H $mam H $ P m { I m& B g H o$ A b m m,A am r n y m| A ma d U y m| | h mb H $s {J amd Q > g o A mJ oM b H $a M m y I m m K m >o n a A w $ b J m o | X X { b g H $ r h &{ $a r h $ Z m X ~ mr mo r {H $ y m| | {J amd Q > aH $ama ah o r m Z h t&

2.4 O h m H $ w m $s{ $m d m , pd H $$ y m| | w$ > a r,H $ m H $s pW { V W m H $m m}ao >m| H $s H $ H $s V -{ Y maV e { $H o$ H $maU W mo $ y g y H $m $ (S > y r m ) w m $s{ | { am Q >h h & m 13 | S > y r m w m $s{ V r d f m] | g ~ g o H $V a n a K Q > J B A ma {n N >b o d f H $s B g r A d {Y H o$ 7.6 9 % g o5.9 6 %V H $ h B & m ma a { m f 13 o$ { mo h r m| | y w m $s{ H o$ m b o | n > { am Q > h & y w m $s{ |b J mV ma g mV d | mh {J amd Q > h A ma h mM 13 | d f -X a-d f A mY ma a 3.41% H o$ V r d f | g ~ g o H $ V a n a ah r& V W m{ ,q V m g m $s { $ Cn ^ mo $m y w m $s{ ~ r $m $s $ oV a n a ~ Z r h h , O mo g V V I m w m $s{ H o$ X ~ m H $mo X e m m h &

2.5 O ~ {H $ g J A am r n [a | {d m d f 14 | I mg g w ma h mo oH $s g m Z m Z h t h , d h t K ao y n [a W mo >m-g m ~ o V a b J V m h & m -{ km { ^ m mam g m m m g y H $m n y m w m H ${ H o$

{ E w r $s ~ a & w m $s{ | a r | o$ ma m am| | $ r $s n o m m| o$ $ma C mo ma o m o | o r H $ >Z oH o$ o$ o o m H $ o & h H $mam H $ m Z m aH $ma mam J { d o d m m aU H $mo g w maZ o H o$ { E K mo{ V A Z o $ g w ma Cn m m| n a^ r A m m[aV h & b o{ $ M w m{ m A ~ ^ r A Z o $ h A ma d pd H $C mZ , o m o {Z n mX Z , N >o mZ g y ma ao y W d W m |Cn ^ mo $m H o$ Z mo m | g w ma n a H $m $s H w$ > { ^ a H $aV m h &


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2.6 As far as the banking industry is concerned, the continuedpressure on macro-economic environment has putseveral challenges. The credit & deposit growth has beenmoderated and fallen below RBIs projected level forfinancial year 2012-13. The low credit off-take reflecteda slower economic activity and lack of capital expansion.

Despite offering high interest rates, banks were not ableto mobilize the desired funds through deposits, creatingpressure on liquidity. There have also been concernson asset quality across the banking industry because ofthe indirect impact of trade and demand slowdown andhigher interest rates on repayment capacity of the clients.The performance of the banking industry may, however,improve in the coming quarters due to an expected revivalin countrys economic growth and a possible downwardrevision in the policy rates by RBI.

2.7 Our Banks performance was quite encouraging in spiteof the challenging environment. The Bank has reached a

milestone business level of`2.84 lakh crore, by registeringan impressive growth of 20%. Deposits of the Bankcrossed a level of`1.66 lakh crore, while overall creditscaled up to`1.18 lakh crore. The Bank has done quite

well in many of the business segments including, retaillending, growth under CASA deposits, SME lending,gold loan disbursement, cash recovery & upgradation etc.Besides, the Bank has come out with various innovativeproducts/services to give a better customer experience andaccelerate the pace of growth. The Bank has increased itsnetwork of branches by opening 207 branches to take thetotal number of branches of the Bank to 1707 across thecountry.

2.8 Going forward, the Bank will continue its focus on theproductive and potential sectors of the country andconstantly innovate to ensure a better customer experienceand a sustainable long term growth.

2.6 O h m V H $ ~ q $ C mo H $m g d m h , g { > A m{ $ d m m aU |g V V X ~ m H $s d O h g o A Z o $ M w m{ m ~ Z r h h & F $ A ma O md { Z a h h A ma {d m d f 20 12-13 H o$ {b E ^ m.[a.~ . mam A Z w m{ V V a g o Z r o { a J B h & H $ F $ CR >m A m{ ${ $ m $ m A ma n y r { V ma H o$ A ^ m H $mo { q { V H $aV m h &

D $ r m X a| X o o H o$ ~ m O y ~ $ O mam{ m| H o$

[aE d m{ >V{ { m| H $mo g r Z h t H $a n m m h , B g g o V ab V m n a X ~ m ~ Z m& m ma A ma m | r A ma C m X am| H o$ H $maU J m H $m| H $sn w ^ w V m j V m n a A j m H $ s d O h g o ~ q $ C mo |A mpV $s w d mm a q V m r r& W m{ , o $s m{ $ { | m{ V n w m A ma ^ m.[a.~ $ mam Z r{ J V X am| | g m{ VA Y mo w r mo Z o$ $maU m o m r { m{ m| | q $ C mo o${ n m Z | g w ma h mo g H $ m h &

2.7 B g M w m r y d m m aU H o$ ~ m O y h mao ~ $ H $m { n m Z H $m $s C m O Z H $ ah m& $ o 20 % $s N >r-I m r { O $aV o `2.8 4 b m H $amo > H o$ H $mamo ma V a H o$ H $s{ m H $mo m { $ m&~ $ H $s O mam{ m `1.6 6 b m H $amo > H o$ V a H $mo n ma H $a J B O ~ {H $ g J F $U `1.18 b mI H $amo > V H $ ~ > J m& ~ $ Z o I w am F $ , $m m mam{ m| | { , g E B $ , d U $ { V aU ,Z H $ d g y r E d C Z A m{ g { V H $ H $mamo mar g o | >m| | A N >m e { $ m h & ~ $ Z o ~ o V a J m H $ A Z w y{ A ma h mar d { H $sa V ma H $mo ~ >m o H o$ { E { { Z d mo o r C m /g o m V w H $s h & ~ $ Z o 20 7 e m m I mo V o h A n Z o e m m Z o >d H $ H $m { V a { $ m , g g o o -^ a | $ $s m m m| $s m 170 7 mo B h &

2.8 A m o d m o g | ~ $ X o H o$ C m H $ A ma g m Z m d m o j om|n a m H o$p V H $aV m ah o m A ma ~ o V a J m H $ A Z w y{ A ma g V VX r m { d { g w{ pM V H $aZ o H o$ { E b J m ma Z d mo o U H $aV m ah o m&


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3. Performance Highlights

The major highlights of your Banks performance during2012-13 are :

(` H $amo > |)(`in crore)

3. { m Z { {e >V mE

20 12-13 H o$ X mam A m H o$ ~ $ H o$ { n m Z H $s w { { >V m { Z d V h

Hw$b H$mamo~ma/ TOTAL BUSINESS

33754 3708145779

5683972306

94610

122496

155936

203598

236611

284722

0

50000

100000

150000

200000

250000

300000

_mM/Mar2003

_mM/Mar2004

_mM/Mar2005

_mM/Mar2006

_mM/Mar2007

_mM/Mar2008

_mM/Mar2009

_mM/Mar2010

_mM/Mar2011

_mM/Mar2012

_mM/Mar2013

3.1 H $mamo ma {

3.1.1 ~ $ $m w$ $mamo ma 31.0 3.20 12 $ mo O `236 6 6 1 $amo > o$V a o`48 111 $am o > (20 .33% ) >V o 31 mM 20 13 $mo

`28 4722 H $amo > V H $ n h J m&

3.1.2 H w$ O mam{ m 21.9 4% H $s ~ >V g o`16 6 0 0 5 H $amo > V H $n h J B A ma H w$ A {J 18 .16 % H $s d { X O H $aV o h `118 717 H $amo > V H $ n h J E &

3.1.3 d f H o$ X mamZ ~ $ Z o H ${f , E g E B A ma I w am g o | > n a mZH o$p V { $ m& h m H $ moa ${ $mo $ 32.6 % $s a o >V oh `9 46 6 H $amo > V H $ n h w J E , d h t E g E B g o | > H $mo A { 36 .1% H $s a o >V o `19 518 $amo > H $ h E & w am F $ 39 % ~ >V o h `25148 H $amo > V H $ n h J m&

3.1.4 F $ -O m A Z w mV (g rS >r A Z w mV ) 71.51% ah m&3.1.5 m H $ A mpV m ~ $ F $ H o$ 9 8 .28 % ah t&

3.1.6 g J {Z d o {n N >b o d f H o$ `4759 8 .53 H $amo > H $s V w Z m |`58 29 5.18 H $amo > ah o&

3.1 Business growth

3.1.1 The Total Business of the Bank increased by`48111crore (20.33%) to reach`284722 crore as on 31st March

2013 from`

236611 crore recorded as on 31.03.2012.3.1.2 The Total Deposits has grown by 21.94% to reach

`166005 crore and the Total Advances reached`118717crore registering a growth of 18.16%.

3.1.3 During the year, the Bank focused on lending toAgriculture, SMEs and Retail segment. While credit toAgriculture increased by 32.6% to reach`9466 crore,Advances to SME segment improved by 36.1% to`19518 crore. The Retail credit increased by 39% to reach`25148 crore.

3.1.4 The Credit-Deposit ratio (CD ratio) stood at 71.51%.

3.1.5 The Standard Assets constituted 98.28% of the BankCredit.

3.1.6 The aggregate investments stood at`58295.18 crore, asagainst`47,598.53 crore in the previous year.


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3.2 Profitability

(` H $amo > |)(`in crore)

3.2 b m X V m

3.2.1 The Total Income of the Bank increased by`2431.62 crore (16.76%) to reach`16942.02 crore.

3.2.2 The Operating Profit rose to`3037 crore registering agrowth of 6.34%.

3.2.3 The Net Profit of the Bank marginally decreased from`1506.04 crore in the previous year to`1434.67 croreduring the current year mainly on account of higherprovisioning.

3.3 The Banks CRAR under Basel II stood at a comfortablelevel of 12.33%.

3.3.1 Networth of the Bank stood at`9566 crore as against`8276 crore last year.

3.3.2 Return on Equity (ROE) works out to 16.27% and theReturn on Average Assets (ROAA) is at 0.88%.

3.3.3 The Cost to Income Ratio was at 39.67%.

3.3.4 The Non-interest income increased to`1607.94 crorefrom `1492.62 crore last year and the Net Interest

Income increased by 8.86% to`3425.85 crore. The NetInterest Margin works out to 2.29%.

3.4 Earnings per Share stood at`96.74 and the Book Valueper Share rose to `645.76 from`558.69.

3.5 The Gross NPA stood at 1.72% and the Net NPA stoodat 1.19%. The Bank has effected Cash recovery and up-gradation of NPAs to the extent of`1509.30 crore ascompared to`758.60 crore last year.

3.2.1 ~ $ H $s H w$ A m `2431.6 2 H $amo > (16 .76 %.) ~ >V oh `16 9 42.0 2 H $amo > V H $ n h J B &

3.2.2 n [aM mb Z m^ .34% $s { O $aV o `30 37 $amo > H $~ > J m&

3.2.3 ~ $ $m { d b m w V C m Y m o$ $maU { N >b o f o$`150 6 .0 4 $amo > o$ V a o`1434.6 7 $amo > H $ mo >m m Q >J m&

3.3 ~ o b II H o$ J $ $m r maE A ma 12.33% H o$ mo O Z H $V a n a ah m&

3.3.1 ~ $ $s { d b m{ V { N >b o f o$`8 276 $amo > o$ w $m b o`9 56 6 H $amo H o$ V a n a ah r&

3.3.2 B { $ >r n a {V b m^ (A maA mo ) 16 .27% A ma A m V A mpV m|n a {V b m^ (A maA mo E ) 0 .8 8 % h &

3.3.3 b mJ V | A m A Z w mV 39 .6 7% h &

3.3.4 mO o a A m {n N >b o d f H o$`149 2.6 2 H $amo > g o`16 0 7.9 4H $amo > V H $ ~ > J B A ma { d b m A m 8 .8 6 % H $s X a g o`3425.8 5 H $amo > V H $ ~ > J B & { d b m m{ 2.29 %h &

3.4 { e o a A O `9 6 .74 ah m A ma {V e o a ~ h r y `558 .6 9g o`6 45.76 V H $ ~ > J m&

3.5 g H $ E Z n r 1.72%ah m A ma {Z d b E Z n rE 1.19 %ah m& ~ $Z o J V d f H o$`758 .6 0 H $amo > H $s V w Z m |`150 9 .30 H $amo > H $s E Z n r H $s Z H $ d g y r A ma C Z { $ m h &

n[aMmbZ bm^ d {Zdb bm^/Operating Profit & Net Profit

1751.62

892.77

2136.73

1170.25

2553.91

1413.27

2855.97

1506.04

3037

1434.67

0

500

1000

1500

2000

2500

3000

3500

_mM- Mar-09 _mM- Mar-10 _mM- Mar-11 _mM- Mar-12 _mM- Mar-13

n[aMmbZ bm^/Operating Profit {Zdb bm^/Net Profit


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8

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3.9 ~ $ { mr g m o Z H o$ j o | m H $ W m{ V H $aV m ah m h & d f

H o$ mam , 155 m m| $mo m{ > { $ m m { g g o w$ H $m m|H $s m 3,545 mo B & 3.0 3 m o { H $ ""Z mo { $ '' I m oI mo o J E { g g o H w$ I m m| H $s g m 17.28 b m h mo J B , B Z |`71.31 H $am o > O m e o h & `35.0 5 H $amo > H o$ 24, 22 O Z abH o${ >Q > H $m > y a { $ J E & ~ $ Z o { { > g H o $ r a { { am m| $s g E b ~ r r mam m { >V 449 m m| | { mr m o ZH $m H $m n yam { $ m h - 6 5 W m m| | e m m m >b mam A ma 36 4W m m| | { Z o H $aon m >| > m >b mam& ~ $ Z o 6 am mo | $ o10 5 h ar W m m| | h ar { mr m o Z $mo r $m mp V { $ mh &

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4. Z B h b

~ $ o n Z o $m H $m $mo w maZ o o$ { E f o$ mam { Z { { Vn h b H $s h

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g o h m H $m| H o$ A Y r 6 > b H $m m n [aM m{ V { $J E &

x E g E B F $ A ma H ${ F $ n a H o$p V { >H $mo A ma e r { V aU H o$ { E ~ $ Z o X o ^ a H o $ n h e h am| | E g E B F $H o$ A ma n m W m m| n a H ${ H $mamo ma { H $m H o$ I mo o h &H ${ $ $mo ma >m m o o o$ { E 7 m m| a m o > m oe m o I mo o J E h A ma 6 0 { e o r $ d U F $ H $ e r h rn [aM m{ V { $ O m o&

3.6 The Staff Productivity has recorded a marked improvement.The Business per Employee moved up from`17.13 croreto`19.22 crore, Net Profit per Employee was at`9.68lakh and Business per Branch also improved from`157.74crore to`166.80 crore

3.7 The Bank firmly believes that acquisition of new clientsand nurturing the relationship with existing clients willonly help in expansion of its business. During the yearthe clientele base of the Bank increased by 20.37 lakh to162.85 lakh.

3.8 Service Outlets : Banks total service outlets crossed 6,600mark to reach 6,717 units, comprising of 1,707 branches,1,425 ATMs and 3,545 Branchless Banking units. Ofthese, 207 branches, 151 ATMs and 155 Branchlessbanking units were operationalised during the year.

3.9 The Bank has been setting standards in the area ofFinancial Inclusion. During the year, 155 villages havebeen covered to take the total number of units to 3,545.More than 3.03 lakh No frill SB accounts were openedtaking the tally to 17.28 lakh accounts with a balance of`71.31 crore. 24,622 General Credit Cards amountingto`35.05 crore were sanctioned. The Bank has covered449 villages allotted by SLBCs of various states, withinthe stipulated time, covering 65 locations through BranchModel and 364 locations through Business CorrespondentModel. The Bank has also implemented Urban FinancialInclusion in 105 urban locations spread across 6 states.

3.10Dividend

The Board of Directors of your Bank was pleased torecommend a dividend of`19.00 per equity share of`10/- each for the year 2012-13.

4. New Initiatives

The Bank has taken up the following new initiativesduring the year to improve its functioning:

x For faster business development and quick decisionmaking, 6 Circle Offices headed by General Managers

were operationalised at Mumbai, Delhi, Bangalore,Chennai, Kolkata and Ahmedabad with effect from

1st May, 2012.

x For a focused approach and faster dispensation ofSME credit and Agriculture loans, the Bank hasopened SME loan Centres in fifteen cities and AgriBusiness Development Centres at five locations acrossthe country. To further boost the Agri lending, GoldLoan Shoppe have been opened in 7 places and 60specialised Gold loan cells shall be operationalisedshortly.


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A ma mB S > $mo m|/Q > b o >m| o$ {b E b o Q >moa o w V >mCZ b mo >{ $ m O m g H $ m h &

x J m H $ C $ E H o$ [aE Z o > ~ q $ H $m B V o m H $aV o h { { w{ Y m /g o m g o $a H $ o o q H $ { $ Eg ^ r g { $ I m m| | e o H $s O m H $aZ m, ~ $ H o$ A a A ma~ m a A n Z o/V r n m >u I m m| | E Z B $ > r H $m B V o m H $aV oh { { m| H $m A aU H $aZ m& H $m m}ao Z ~ $ H $s m X ao{ $ r $ $s E A m >r ( mo m b Z r m >|{ > $m a) m ob m^ m{W m| H $mo n r2n r (b m^ mW u H $s E E A mB >r A ma mo mB bZ a H $m Cn mo H $aV o h n g Q w n g ) A ma n r2E (b m^ mW u

H $s I m m g m A ma A m $ g g r H y$ > H $m Cn mo H $aV o h n g Q w A H $mC >) A m{ mam A m n r g (V $m ^ w V m g o m) H o$ [aE ^ w V m { $ O m o h &

x ~ $ Z o ""mo o Q > g $n '' Z m g o mn ma {H $ m n w {d mgA ma R >Z m H $ $ m aU w $ { $ m { g H o$ [aE $ o | A J r A ma g ~ g o n g r m g m { H $ j o H $m ~ $ H o$ $ | C^ aZ o H o$ g n Z o H $mo g m $ma H $aZ o H o$ { E [aV d { H o$ n W

x To give a fillip to the Agriculture Credit growth, theBank proposes to conduct 300 Rural Expos across thecountry in the month of May 2013 to create villagelevel awareness on the various products and servicesoffered by the Bank, with a festive ambience withSocial welfare acitivities like health checkup and eye

camps forming part of the expos.

x Enthused by the huge success of Home and VehicleExpos conducted last year, the Bank proposed to carryout atleast 30 to 35 such expos throughout the countryduring the current year.

x The online opening of Deposits by Retail andCorporate customers has been facilitated through theInternet Banking platform.

x The Bank has launched two new premium SavingsBank Schemes Corp Signature and Corp Super

with many add on facilities.

x Two new products Corp Saral Savings Accountand Corp Mobile Banking App through Androidand IOS Phones and Tablets launched and enabledinternet banking through this application for personalbanking.

x The Bank is one of the first Public Sector Banks tointroduce transaction-based banking in tablet PCsand iPads. The Bank has launched an App for AppleiPad and Android tablets. The Bank has also come out

with a special Mobile Banking App through Androidand IOS Phones and Tablets. The Mobile Banking

App CorpMobile can be downloaded free fromApp Store for IOS Phones/Tablets and Play Store forAndroid Phones/Tablets.

x Customers can access various facilities/services throughthe App using net banking like checking the balance inall linked running accounts, transfer of funds withinand outside the Bank to own/third party accountsusing NEFT. Payments are facilitated through IMPS(Immediate Payment Service) to beneficiaries havingMMID (Mobile Money Identifier) of CorporationBank or any other Bank by way of P2P (person toperson using beneficiarys MMID and Mobilenumber) as also through P2A (person to account usingbeneficiarys account number and IFSC code) etc.

x The Bank has embarked into a Business ProcessRe-engineering and Organisational transformationprocess christened Project Sankalp, through whichthe Bank aims to build a digitally enabled customercentric operating model, to help it embark on anaccelerated growth path for realizing its vision of


16/240

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emerging as a leading and most preferred public sectorbank in the country.

x SME loan centres have been redesigned as part of theproject under which SME loans will be originated,processed and sanctioned at the same place, reducingthe turnaround time, making it customer friendly.

x Undertaken Financial Inclusion program for Self HelpGroups (SHGs) in Belgaum and Tumkur Districts inKarnataka to form 80000 SHG groups. Presently44209 SHGs have already been enrolled under thisinitiative.

x Initiated several steps towards people development,organizational re-design and process changes toaccelerate growth with quality.

x On the occasion of the Foundation day, the Bankorganized wellness and health checkup camps at morethan 300 locations across the country between 10th and16th March 2013. Such wellness camps are organized

for the welfare of the society.5. Awards and Accolades

The Awards and Accolades received from variousorganizations of repute speak volumes about the Banksperformance. Some of them are:

x The Safest Banker Award instituted by The SundayStandard FINWIZ 2012 Best Bankers Award.

x The Best Mid Size Public Sector Bank(Commendation) Award at India Best Banks andFinancial Institutions Awards 2012 from CNBC-TV18 & MCX Stock Exchange (MCX-SX).

x The SKOCH Financial Inclusion Award 2013 for

SHG Initiatives from SKOCH Consultancy ServicesPvt. Ltd.

x The Caring Companies Awards at CSR WorldCongress at Mumbai.

6. Finally, I express my sincere thanks and gratitude to allthe shareholders of the Bank for reposing their faithand confidence in the Management. I also thank all theemployees for their active involvement and contributiontowards the growth of the Bank. Customers are thebackbone of our organization. I sincerely thank ourvaluable customers for their continued support andpatronage. I also owe my gratitude to the Reserve Bank ofIndia and the Ministry of Finance, Government of India

for their support and guidance in the effective functioningof the Bank.

Yours sincerely,

Place : New Delhi [Ajai Kumar]

Date : 23.05.2013 Chairman and Managing Director


17/240


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CORPORATION BANKHEAD OFFICE: MANGALA DEVI TEMPLE ROAD

MANGALORE 575 001D.K. DISTRICT, KARNATAKA STATE, INDIA

NOTICENOTICE IS HEREBY GIVEN pursuant to Regulation 56 of the Corporation Bank (Shares and Meetings) Regulations,1998 that the Sixteenth Annual General Meeting of the Shareholders of CORPORATION BANK will be held on Tuesday,25th June 2013, at 10.30 a.m. at Millennium Building, Corporation Bank, Head Office, Mangala Devi Temple Road, Pandeshwar,Mangalore 575 001, KARNATAKA State to transact the following business:

Item No. 1: To discuss, approve and adopt the Audited Balance Sheet of the Bank as at 31st March, 2013, Profit and Loss Accountof the Bank for the year ended 31st March, 2013, the Report of the Board of Directors on the working and activities of the Bank forthe period covered by the Accounts and the Auditors Report on the Balance Sheet and Accounts.

Item No. 2: To declare Dividend on Equity Shares for the Financial Year 2012-2013.

By order of the Board of Directorsfor CORPORATION BANK

Place : Mangalore (S. K. DASH)Date : 25.05.2013 COMPANY SECRETARY


18/240

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NOTES

1. APPOINTMENT OF PROXY A SHAREHOLDER ENTITLED TO ATTEND THE

MEETING, IS ALSO ENTITLED TO APPOINTA PROXY TO ATTEND INSTEAD OF HIMSELF/

HERSELF, AND SUCH A PROXY NEED NOT BE ASHAREHOLDER OF THE BANK.

However, the proxy so appointed will not have any right tospeak at the Meeting.

No person shall be appointed as a proxy who is an officer oran employee of Corporation Bank.

As per the Regulations 70(vi), the grantor of an instrumentof proxy shall not be entitled to vote in person at themeeting to which such instrument relates.

The proxy form, in order to be effective, must be receivedby the Bank at its Head Office at Mangala Devi TempleRoad, Mangalore 575 001, Karnataka State, not later

than FOUR DAYS before the date of the meeting, i.e. onor before the closing hours i.e. 5.00 p.m. of Wednesday,the 19th June, 2013.

2. APPOINTMENT OF AN AUTHORISEDREPRESENTATIVENo person shall be entitled to attend or vote at the AnnualGeneral Meeting as a duly authorised representative of anybody corporate which is a shareholder of the Bank, unlessa copy of the resolution appointing him/her as a dulyauthorised representative, certified to be true copy by theChairman of the meeting at which it was passed, shall havebeen deposited at the Head Office of the Bank with the

Company Secretary, Corporation Bank, Investor ServicesDepartment, H.O., Mangalore575 001 Karnataka State,not later than FOUR DAYS before the date of theMeeting i.e., on or before the closing hours i.e. 5.00p.m. of Wednesday, the 19th June, 2013.

3. EXERCISE OF RIGHTS OF JOINT HOLDERS If shares are in the names of joint holders, then first

named person is only entitled to attend the meeting andis only eligible to vote (by poll or by show of hands) in themeeting.

4. ATTENDANCE SLIP - CUM - ENTRY PASS For the convenience of the shareholders, Attendance Slip-

cum-Entry Pass is annexed to this notice. Shareholders/Proxy holders/Authorized Representatives are requestedto fill in and affix their signatures at the space providedtherein and surrender the same at the venue. Proxy/

Authorized Representative of shareholders should stateon the Attendance Slip-cum-Entry Pass as Proxy orAuthorized Representative as the case may be.

5. CLOSURE OF REGISTER OF MEMBERS Pursuant to Regulation 12 of the Corporation Bank

(Shares and Meetings) Regulations, 1998, the Register of


19/240


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g r r g E b mam W m V w ~ $ H o$ g X ` /{ V H $mar d m r a{ Q a _ o3 O y 20 13 H $mo _ m y h &

7. b m me d ma /am r B b o Q m{ H $ g _ memo Z g o m (O _ mg _ memo Z ) - E B rE /E B E $ >r o $ m o o$ { d a

^ maV r { ^ y { { { _ ` mo o ^ r y r $ { ` mo o$ { E m m{ V aU $aV o _ ` o aY maH $mo ma CZ H o$ { >n m { Q >[a m| mam { E E $I m m { d aU m m ma o C o $aZ m { d m $a { ` m &$C m| og y r~ g W mA m| H o$ {b E h ^ r A {Z d m H $a {X m h {H $ d o b m^ m m|H $m w V m H $aV o g B r g , E Z B r g , E Z B $ >r, A maQ >r r gA m{X o m.[a.~ . mam Z w mo{X V w V mZ {d {Y m| $m Cn mo $a| ma

~ $ m m { d aU , A m r ma m ma m $ g g r m{ r A m o{ V g y Z m Cn b Y Z h mo o n a e o aY maH $m| H $mo E o m w V m H $aZ oh o w H $m r ^ w V m { I V m| H $m Cn mo H $a|& ~ $ A n Z o n m Cn b Y~ $ { d aU ^ w V m { I V m | _ o _ w{ V H $ao m&

{ Z e o aY maH $mo H o$ n m H $m r $ _ o e o a h , d o A { b o mo H $moA m ` H $ V Z $aZ o o w $ { X o { d aU , $ o$ { d o H $ o m {d ^ mJ $mo m _ mao o a aU O o o g $md r $` y ae o a mB d o{ { Q o , am m o m o H $ o & { Z o aY maH $mo o$ m r $ _ o e o a h d o B g g _ o A md ` H $ H $ma mB h o w A n Z o {S n m{ Q arn m{ { n o o n H $ $a H $ o & Z B r g { X o /~ $ { X o $m mo $m m d m{ $ {an mo _ o { ` m J ` m h &

8 . A X m r m me, { $mo {O Z e o aY maH $mo Z o A n Z o b m^ m d ma m o H $mo Z h t w m` m h /A J a n y A d { o$ m m m h t w mo wp H o$ m m ma mar $aZ oh o w $ o$ o a aU O o o n H $ $ao& g ~ o $ _ ` -g _ ` n a ~ $ H o$ b m^ m a{O Q a H o$ A Z w ma g {Y V e o aY maH $mo H $moA Z w_ maH $ ^ r ^ o ah m h &

~ q $ H $ Z r (Cn H $ mo H $m A { J U E d A aU ) A { { ` _ , 19 8 0

Members and the Share Transfer Books of the Bank willremain closed from Tuesday the 4th June, 2013 to Mondaythe 10th June, 2013 (both days inclusive) in connection

with the Sixteenth Annual General Meeting and for thepurpose of determining the names of shareholders entitledto participate in the Annual General Meeting and to receive

the dividend, if any.

6. PAYMENT OF DIVIDEND The Board of Directors have recommended at their

meeting held on 8thMay, 2013, a Dividend of`19.00 pershare of`10/- each which is required to be declared by theshareholders at this AGM.The shareholders are thereforerequested to declare the Dividend of`19.00 per share of`10.00 each, i.e. 190%.

The Dividend, if declared at the Annual General Meeting, willbe paid on or after 28th June, 2013 and within 30 days ofdeclaration thereof, to those shareholders whose names appearon the Banks Register of Members/Beneficial Owners as

furnished by NSDL/CDSL as on 03rd June 2013.

7. DETAILS OF BANK ACCOUNT IN DIVIDENDWARRANT/NATIONAL ELECTRONIC CLEARINGSERVICE (CREDIT CLEARING) NECS/NEFT

SEBI has made it mandatory for all the listed entities,to mention in the Dividend Warrant, the Bank Accountdetails furnished by the shareholders and their depositories

while distributing Dividends. It has also made it mandatoryfor listed entities to use RBI approved electronic modeof payments such as ECS, NECS, NEFT, RTGS etc.,for making dividend payments and in the event of non-availability of the required information like bank account

details, MICR number and IFSC etc., to use physicalpayment instruments for making such payments toshareholders. The Bank shall print the Bank details, asavailable with them, in the payment instruments.

The shareholders who are holding the shares in physicalform may send their Bank Mandate details to InvestorServices Department of the Bank or to the Share Transfer

Agent of the Bank, M/s Karvy Computershare Pvt. Ltd.,Hyderabad, for necessary updation of the records. Theshareholders who are holding the shares in demat form,may approach their Depository Participants for necessaryaction in this connection. A Proforma of NECS Mandate/Bank Mandate is furnished in the Annual Report.

8. UNCLAIMED DIVIDEND, IF ANYThe shareholders who have not encashed their Dividend

Warrants/received Dividend of previous periods, if any, arerequested to contact the Share Transfer Agent for issue ofduplicate Dividend Warrant. In this regard Bank is alsosending reminder letters from time to time to the concernedshareholders as per Dividend Register of the Bank.

As per the Section 10B of the Banking Companies(Acquisitions and Transfer of Undertakings) Act, 1980,


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_ b y a - 575 0 0 1, H $ m H $ H $mo { I o V m{ $ g mo d ma, 17 O y ,20 13 $mo m 5.0 0 O o H $ mV mo ma $ y Z m ma aIg H o &

L ) $mo{ ` mo $m _ o $Z

O mo e o aY maH $ e o a H $m

r $ _ o E H $ g o A { H $ $mo{ ` mo _ o E H $h r Z m g o ` m Z m H o$ Cg r H $ _ o g w $ Z m g o Y m{aV H $aV o h ,CZ g o Z wamo { $ H $ r $mo{ ` mo o _ o $ o w o a m n moH $mo $ o$ o a aU O o , o g $m r $ y ae o a m. { { Q oH $mo ^ o o&

M ) p { o {a V A {Z d mg r maV r` e o aY maH $ ~ $ H o e o a A a U E O o _ o g H $m r H $ y ae o a m. { . H $mo H $m r $ _ o Y m{aV e o amo H o$g o m o amo o$ r_ $ o maU o$ m_ b o o n Z o {Y V{ n m{ Q ar n m{ { n o H $mo B g H $r g y Z m V wa X o:

H $) W mB {Z d mg H o$ {b E ^ maV b m Z o n a {Z d mg r h {g ` V _ on {ad V &

I ) maV H o$ ~ $ I m o g o g { V ` moao, n yam Z m , e m m, I m m $ma, I m m g ` m, { Z g { V ~ $ H $m n V m X o, ` { n h b oZ h t { ` m h mo&

N ) A ` y Z m H $) n m aU g O J V m n h b H o$ g W | ~ $ Z o B { $ >r g y r $aU

H $ama o$ S > 32 | { E { X o m| o$ Z w ma, n Z o { >n m{ Q >ar n m{Q >{g n | >/~ $ H o$ a{O Q ma E d e o a A aU E O | > H o$ n mg{ Z e o aY maH $m| Z o A n Z r B - o A m >r n r $ H $ad m h ,C | m{ $ [an mo > $s m Q > { m o Z o $m { U { m &

d m{f $ [an mo > ~ $ H $s d o g mB Q > www.corpbank.com n a^ r Cn b Y h mo m& { H $mo e o aY maH $ w{ V { m H $aZ m M m V m mo o [email protected] H $mo m >m $ mam $H $mo A Z wamo ^ o |, E o o e o aY maH $m| H $mo d m{ $ [an mo > H $s h m >H $m r o r O m J r&

I ) e o aY maH $ H $ m ` m X o { $ ~ H $ _ o H $mo Cn h ma/Cn h ma-H y$ Z { V {aV Z h t { $ m O m J m&

{ X o H $ _ b H o$ A m o mamH $ o H $m moao Z ~ $

W mZ b ya (E . o$. me){ Z m $ 25.0 5.20 13 H $ Z r { d

days in advance of the Annual General Meeting so asto reach latest by Monday, 17th June, 2013 by 5.00p.m., to enable the Bank to keep the informationready.

(E) Consolidation of Folios Shareholders who hold shares in physical form in

multiple folios in identical names or joint namesin the same order of names, are requested to sendthe share certificates to the Share Transfer Agent ofthe Bank, M/s Karvy Computershare Pvt. Ltd., forconsolidation into a single folio.

(F) Change of Status Non-Resident Indian Shareholders are requested

to inform the Share Transfer Agent of the Bank,M/s Karvy Computershare Pvt. Ltd., in respectof shares held in physical form or to inform theirrespective Depository Participants if shares are heldin dematerialised form immediately of:a) the change in the Residential status on return to

India for permanent settlement.b) the particulars of the Bank Account maintained

in India with complete name, branch, accounttype, account number and address of the Bank

with PIN, if not furnished earlier.

(G) Other informationa) In support of the green initiative, the Bank has

decided to send soft copies of the Annual Reportto all the shareholders who have registered theiremail ids with their Depository Participant/Registrar and Share Transfer Agent of the Bank,as per the directions contained in clause 32 ofthe Listing agreement for Equity. The AnnualReport will also be available on Banks website

www.corpbank.com. In case a shareholder wishesto receive a printed copy, he/she may please senda request to the Bank to [email protected] or bypost, upon which hard copy of Annual Report willbe sent to the shareholders.

b) Shareholders may kindly note that no gift/giftcoupon will be distributed at the meeting.

By order of the Board of Directorsfor CORPORATION BANK

Place : Mangalore (S. K. DASH)Date : 25.05.2013 COMPANY SECRETARY


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16

1. 31 _ m , 20 13 H $mo g _ m d f H o$ b o m-n ar{ V V w Z -n E d

b m -h m{ o m { V $ $s m{ {an mo V w $aV o w { X o H $_ b H $mo V m h mo ah r h &

2. { m Z $s E $ b H :

2.1 $ $m w$ $mamo ma 20 .33% $s { a O $aV oo w `48 111H $amo H $s g J d { H o g m 31.0 3.20 12 H o$ `236 6 6 1 H $amo H o$ V a g o ~ H $a 31 m , 20 13 H $mo`28 4722 H $amo V H n h wJ ` m&

2.2 $ $s w$ _ mam{ ` m 21.9 4% $s m{ $ { O $aV o w 31_ m , 20 12 o`136 142 $amo o$ V a o H $a 31.0 3.20 13 $mo`16 6 0 0 5 H $amo h mo J B h &

2.3 ~ $ o $ mo{ _ Z r n Z r r{ o$ Z w $ w d mm w $G $ A mpV ` mo _ o { V ma H $aZ o _ o A n Z m { d o $ y { >H $mo ~ Z maI m & ~ $ H $m F $ A m $ >m 31 m 2 12 H o$`10 0 46 9 H o$ V a g o 31.0 3.20 13 H $mo`118 717 H $amo > H o$ V a V H $ n h m& B g |18 .16 % H $s d { X a g o`18 247 H $amo H $s g J d { X O h &{ m d f H o$ X mam G $ { V ma h o w H ${ , b K w C mo , E g E _ B A ma_ ` _ m $ma o $m moao o_ o mo o h V $ m o a ` m o$p V{ $ m J ` m&

2.4 { m f o mam a { n m H $ mpV ` mo $s g y r o$ h V $ $m { n m Z N m Z m ah m& f o$ mam $ o V f $s `758 .6 0

H $amo $s H $ g y r $s w Z m o`150 9 .30 $amo a-{ n m H $A mp ` mo H $s Z H $ d g y r V W m C ` Z { $ m h &

2.5 { m d f 20 12-13 H o$ X mam { { H $m m H $ j omo _ o C m O Z H{ n m Z H o \ $ d $ ~ $ Z o `1434.6 7 H $amo > H $m { d b b m A { { $ m&

2.6 31.0 3.20 13 H $mo 26 am m| | $ r ~ $ H $s 6 6 77 H $m m H $B H $m m W t { Z | 170 7 e m m , 1425 E Q >r A ma 3545e m ma{ V ~ q $ B H $m m h &

3. A m { o U

3.1 $ H $s ` m A m { m d f 20 11-12 H o`130 17.78 H $amo g o`2316 .30 $amo (17.79 % ) $s { o$ m `15334.0 8 $amo V H B , ~ { $ m ` ` f 20 11-12 o$`9 8 70 .8 8 $amo g o 20 .6 4% $s { o$ m f 20 12-13 o$ mam`119 0 8 .23H $amo h mo J E & B g r A d { H o$ X mam { d b ` m A m _ o`278 .9 6H $amo (8 .8 6 % ) H $s d { X O h w &

1. The Board of Directors have pleasure in presenting theAnnual Report together with Audited Balance Sheet andProfit and Loss Account of the Bank for the year ended31st March, 2013.

2. Performance at a glance :2.1 Total Business of the Bank reached an impressive figure

of`284722 crore as on 31st March 2013, recording anabsolute growth of`48111 crore over the 31.03.2012business figure of `236611 crore, at a growth rate of20.33%.

2.2 The total deposits of the Bank increased to`166005crore as on 31.03.2012 from`136142 crore as on 31st

March, 2012 registering a growth of 21.94% y-o-y.

2.3 The Bank continued its prudent approach in expandingquality credit assets in line with its policy on Credit RiskManagement. The Banks credit figure reached a level of`118717 crore as on 31.03.2013 from `100469 croreas on 31st March, 2012, recording an absolute growthof`18247 crore at a growth rate of 18.16%. During thefinancial year, focused attention was given for acceleratedlending under Agriculture, SSI, SMEs and midsizecorporate and retail segments for expansion of credit.

2.4 The Bank continued its good performance underrecovery of NPAs. During the financial year, the Bankeffected a cash recovery and upgradation of NPAs of`1509.30 crore as compared to `758.60 crore in theprevious financial year.

2.5 The Bank recorded an encouraging performance indifferent functional areas during the financial year2012-13 which resulted in achieving a Net Profit figureof`1434.67 crore.

2.6 As on 31.03.2013, the Bank had 6677 functional unitsspread across 26 States comprising of 1707 Branches,1425 ATMs and 3545 Branchless banking units.

3. Income Analysis

3.1 Interest Income of the Bank recorded a growth of`2316.30 crore (17.79%) from `13017.78 crore inthe year 2011-12 to`15334.08 crore, as against theInterest expenses which grew by 20.64% from`9870.88crore during the financial year 2011-12 to`11908.23crore during the year 2012-13. The Net Interest Incomerecorded a growth of`278.96 crore [8.86%] during thesame period.

DIRECTORS REPORT 2012-13{ZXoeH$mo H$s {anmoQ 2012-13


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3.2 ~ $ H $s H w$ A m ( ` m A m A ma ` m o a A m H $m ` mo ){ N b o { m d f H o$ `14510 .40 H $amo > H $s V w Z m _ o { m d f 20 12-13 H o X mamZ `2431.6 2 H $a mo (16 .76 % ) H $s d { X O H $aV o h w `16 9 42.0 2 H $amo > h mo J B &

3.3 w j omo g o mV ` mO o a A m` {d mr` d f 20 11-12 H o$`8 31.71 H $amo H $s V w Z m _ o { mr d f 20 12-13 _ o`155.0 8H $amo (18 .6 5% ) H $s d { X O H $aV o h w `9 8 6 .79 H $amo V H $ ~ J B & H $w ` m o a A m 31.0 3.20 12 H o `149 2.6 2 H $amo g o31.0 3.20 13 H $mo`16 0 7.9 4 H $amo V H $ 7.73% ~ > J B &

3.4 {Z d b ` mO A m` 31.0 3.20 12 H o$ `3146 .8 9 H $amo g o31.0 3.20 13 H $mo`3425.8 5 H $a mo V H $ n h J B &

3.5 { mr d f 20 12-13 H o$ X mam n {aM m Z m H ` ` mo _ o 11.9 6 %H $s { w ma h {d mr` f 20 11-12 o `178 3.55 $amo H $s V w Z m _ o`19 9 6 .79 H $amo ah m &

3.6 A m` _ o b mJ V A Z w mV 39 .6 7% ah m&

4. H $s V - mJ a { o U

(` H $amo > _ |`in crore)

{ d a Particulars 2011-12 2012-13% {a V

Change in %

A m` INCOME

` m A m Interest Income 13,017.78 15334.08 17.79% ` mO o a A m` Non-Interest Income 1,492.62 1,607.94 7.73%H w$ A m Total Income 14,510.40 16,942.02 16.76% ` ` EXPENDITURE ` m ` ` Interest Expenditure 9,870.88 11908.23 20.64%n {aM m Z m H ` ` Operating Expenses 1,783.55 1996.79 11.96%H w$ ` ` Total Expenditure 11,654.43 13,905.02 19.31%n { aM m Z m H b m Operating Profit 2,855.97 3,037.00 6.34%m Y m E d A m $p_ H $ m -(H $a a{ V ) Provisions & Contingencies (Excl. Tax) 950.46 1351.4 42.18%H $a n y b m^ Profit before Tax 1,905.51 1685.6 (-) 11.54%H $a h o w m Y m Provision for Tax 399.47 250.93 (-) 37.18%

{ d b m Net Profit 1,506.04 1434.67 (-) 4.74%

3.2 The total Income of the Bank [total of Interest Incomeand Non-Interest Income] improved to`16942.02 croreduring the financial year 2012-13 from`14510.40 crorein the previous financial year recording a rise of`2431.62crore [16.76%].

3.3 Non-Interest Income from Core Areas increased by`155.08 crore [18.65%] from `831.71 crore in thefinancial year 2011-12 to`986.79 crore in the financialyear 2012-13. The Total Non-Interest Income hasincreased from `1492.62 crore as on 31.03.2012 to`1607.94 crore as on 31.03.2013 by 7.73%.

3.4 The Net Interest Income reached a level of`3425.85crore during the financial year from`3146.89 crore ason 31.03.2012.

3.5 The Operating Expenses has shown an increase of11.96% during the financial year 2012-13 and stoodat `1996.79 crore as compared to `1783.55 crore in2011-12.

3.6 The Cost to Income Ratio stood at 39.67%.

4. Spread Analysis

(` H $amo > _ |`in crore)

` mao Particulars 2011-12 2012-13d { Growth

g _ JAbsolute

%

A m V H $m r { { ` m Average Working Funds 142076.00 162800.00 20724.00 14.59%

H w$ ` m A m Total Interest Income 13017.78 15334.08 2316.30 17.79%

` ` { $ m J ` m H w$ ` m Total Interest Expended 9870.89 11908.23 2037.34 20.64%

m H $s V -b m V A a Interest Spread 3146.89 3425.85 278.96 8.86%


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8. Net Worth and CRAR

8.1 The Net Worth of the Bank improved to`9566 crore ason 31st March, 2013 from`8276 crore as on 31st March2012.

8.2 The Bank has issued and allotted 4785137 Equity shares

of the face value of`10/- each at an issue price of`426.32per share, amounting to `204.00 crore for infusion ofcapital by Government of India on preferential basis, tofurther strengthen its CRAR under Tier I capital. Furtherthere is plough back of profit amounting to`1085.77 crorefor the year 2012-13 under Tier I capital. Under Tier-Iand Tier-II, no fresh bonds were issued during the year2012-13.

8.3 The Capital to Risk Adjusted Assets Ratio (CRAR) stoodat 11.38% (Basel I) as on 31st March, 2013 as against11.94% as on 31st March, 2012 which is above the normof 9% stipulated by Reserve Bank of India. The CRAR as

per Basel II guidelines works out to 12.33%.

8.4 The CRAR under Basel I declined from 11.94% as on31.03.2012 to 11.38% as on 31.03.2013. Tier-I capitalratio (Basel I) improved marginally and stood at 7.69%as on 31.03.2013 as against 7.65% as on 31.03.2012and Tier II capital ratio (Basel I) declined from 4.29%to 3.69% during the year. Under Basel II, the CRARdeclined from 13.00% to 12.33% with a Tier I capitalratio of 8.33% at par with previous year and Tier IIcapital ratio declined from 4.67% to 4.00% during theyear as under:

8 . { d b m{ ` V E r maE ma

8 .1 $ $s { d b m{ ` V 31 m , 20 12 o$`8 27 $amo $s w Z m _ o 31 _ m , 20 13 H $mo`9 56 6 H $amo h mo J B &

8 .2 ~ $ Z o {Q >` a I n y r H o$ A J g r maE A ma H $mo A ma ~ y H $aZ o H o$

{b E maV aH $ma mam y r {Z d o o w {Y mZ mY ma a `20 4.0 0H $amo > o$ { E `4 2.32 { o a $s $s V a o $`1 /- o$A { $ y o 478 5137 { $ >r o a mar $a m { >V { $ &$ g H o$A b md m, {Q >` a I n y r H o$ A J d f h o w`10 8 5.77 H $amo > H o$ b mH $m w { o m & { >` a I A ma {Q >>` aII o$ J f 20 12-13H o$ X mam H $mo Z E ~ m > O mar Z h t { $ J E &

8 .3 y r n a O mo{I _ g _ m` mo{O V A m{V A Z w mV (g rA maE A ma) O mo 31_ m 20 12 H $mo 11.9 4% W m, d h 31 _ m 20 13 H $mo 11.38 %(~ o b I) ah m, h ^ maV r [a d ~ $ mam { ` V 9 % H o$ m X >g o A {Y H $ h & ~ o b II {X e m{Z X } m| H o$ A Z w ma g rA maE A ma A Z w mV

12.33% ~ Z V m h &8 .4 o b I H o A J g rA maE A ma 31.0 3.20 12 H o$ 11.9 4% g o

31.0 3.20 13 H $mo 11.38 % V H $ K Q > J m& d f H o$ X mamZ {Q >` a-In y r Z w mV (~ o b I) | m y r { ma h 31.0 3.20 12 o$7.6 5% o$ w $m b o 31.0 3.20 13 $mo 7.6 9 % o$ V a a ah m ma {Q >` aII n y r A Z w mV (~ o b I) 4.29 % g o 3.6 9 % V H $ K Q > J m&~ o b II H o$ A J g rA maE A ma 13.0 0 % g o 12.33% V H $ K Q >J m, B g | {Q > a I n y r A Z w mV {n N >b o d f H o$ ~ am~ a ah m A ma {Q > aII y r Z w m f o$ mam 4.6 7% o 4.0 0 % H $ Q > m&

d JCategory ~ o b I Basel I ~ o b II Basel II_ m March

2012_ m March

2013_ m March

2012_ m March

2013

{Q >` aIn y r Tier-I Capital 7.65% 7.69% 8.33% 8.33%

{Q >` aII n y r Tier-II Capital 4.29% 3.69% 4.67% 4.00%

` mo Total 11.94% 11.38% 13.00% 12.33%

grAmaEAma/CRAR

13.00%12.33%

8.33% 8.33%

4.67%4.00%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

_mM/March 12 _mM/March13

{Q>`a/Tier I {Q>`a/Tier II

~ogbII> Ho$ AVJV grAmaEAma/CRAR UNDER BASEL II


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20

8 .5 B { $ >r n a {V b m^ , {V e o a A O A ma {V e o a ~ h r _ y`{ N b o { m f o$ $ e 18 .20 % ,`10 1.6 7 ma `558 .6 9 $s V w Z m _ o {d mr` d f 20 12-13 _ o H $ e 16 .27% ,`9 6 .74 d`6 45.76 ah o&

9 . g o{ $ o o9 .1 ^ maV r` {a d ~ $ H o$ { e m{ X o mo H o$ A Z w ma, ~ $ Z o 31 _

m , 20 13 H o$ A n Z o { mr b o mo H $m A n Z r n y d m{ d m r A Z w r H $m $ { ` w[aQ r { . H o b o mo H o $ g m g _ o ${ $ m & 31 m , 20 13 o _ o{ $ { d aU o$ Z w ma $m $J w H $s { d b _ m{ ` V 31 _ m , 20 12 H o `8 345 H $amo H $s V w Z m o`9 6 0 3 $amo > ah r& f 20 12-13 o $ e `28 6 9 .79H $amo > H o$ n [aM mb Z b m^ A ma`1518 .39 H $amo H o$ { d b b m H $s V w Z m _ o d f 20 12-13 h o w n {aM mb Z b m^ A ma {Z d b b m^H $ e `30 50 .37 H $amo A ma `1443.24 H $amo ah o& ~ $ Z o^ maV r {a d ~ $ H o$ { e m{ X o mo V W m ^ maV r g Z X r b o m $ma

g W m mam { Y m[aV b o m _ m X >m| H $m A Z w m Z { $ m h &

1 . ~ $ o$ o m- mC b o

10 .1 31 _ m , 20 13 H $mo g _ m d f H o$ X mam ~ $ H o$ H w$ g o mA mCQ b o 6 6 0 0 H o V a H $mo n ma H $aV o h w 6 6 77 V H $ n h w J E{O g _ o X o ^ a _ o 170 7 e mI mE , 1425 E Q rE _ A ma 3545 e mI ma{ V ~ q $ B H $m ` m e m{ b h & B Z _ o 20 7 e m m , 151 E Q r _A ma 155 e m ma{ V ~ q $ B H $m ` m d f H o$ X mam I mo r J B W t&~ $ H o$ X w B E d h m H $m _ o { { { H $m m ` ^ r h &

10 .2 mg Z H $mo g w maZ o A ma H $mamo ma {d H $mg g o g {Y V m b m| |

[aV { U g w{ pM V H $aZ o H o$ { E d f H o$ X mam w B , { r,~ | b ya, o , $mo H $m m ma h X m m | h m H $ o$ Y rZ E > b H $m m I mo o J E & o >b H $m m H $m m}ao > H $m m H o$ {d V A H o$ $n | H $m H $a| o A ma o A n Z o A {Y H $ma j o |A m { H $ $m m m| $s $mamo ma { H $m mo Z m m| $m W d g m Z H $aZ o H $s ~ o V a pW { | h m| o& H $m m}ao > H $m m H o$ { ZH $m m] $mo >b $m m m| $mo m mo{ V { $ m , o m mo Z m,{ H $m d m Z U , $ yar, $ mo{ _ Z g y rE d {d {Y , _ mZ d g mY Z Z g h mo g o m A ma {Z arj U E d b o m-n ar m& >b H $m m m| Z o 1 B , 20 12 g o H $m H $m e w ${ $ m h &

11. { k m Z E ma

11.1 d f o$ mam $ o$ > m a { { _ m o w K Z m { $ E &~ $ Z o A n Z o C m mo, g o m mo, ` m X amo E d { n m Z g o g { Vg y Z m J m H $m||, e o aY maH $m| V W m A m O Z V m H $mo g m man m|,n {H $m m|, Q >r r M b m|, E $ ao{ > mo Q >o Z m|, h mo{ > , Q m b m Q >

8.5 The Return on Equity, Earnings Per Share and BookValue per Share for the Financial Year 2012-13 stoodat 16.27%,`96.74 and`645.76 respectively, as against18.20%, `101.67 and `558.69 respectively for theprevious Financial year.

9. Consolidated Accounts9.1 As per RBI guidelines, the Bank has consolidated the

financial accounts as at 31st March, 2013 with those of itswholly owned Subsidiary viz., Corp Bank Securities Ltd.As per the consolidated statement as on 31st March,2013, the Net Worth of the Corp Bank group stoodat`9603 crore as compared to`8345 crore as at 31stMarch, 2012. The consolidated Operating Profit andNet Profit for the financial year 2012-13 are`3050.37crore and `1443.24 crore, respectively compared to`2869.79 crore and`1518.39 crore, respectively for thefinancial year 2011-12. The Bank has complied with theRBI guidelines and the Accounting Standards prescribedby the Institute of Chartered Accountants of India.

10. Banks Service Outlets

10.1 The Banks total service outlets crossed 6600 mark duringthe year ending 31st March 2013 to reach 6677 serviceoutlets, comprising of 1707 branches, 1425 ATMs and3545 Branchless Banking Units across the country. Outof these 207 branches, 151 ATMs and 155 Branchlessbanking Units were opened during the year. The Bankis also having its representative offices at Hongkong andDubai.

10.2 To improve the administration and ensure faster decisions

in the matters relating to business development, 6 newCircle Offices headed by General Managers were openedduring the year at Mumbai, Delhi, Bangalore, Chennai,Kolkata and Ahmedabad. The Circle offices will functionas an extended arm of the Corporate Office, betterequipped to support and drive business developmentplans of the Zonal Offices in their Command area.The Corporate office functions that are delegated toCircle offices are Planning, Development and ResourceMobilisation, Credit Sanctions, Credit Risk Management,Recovery and Legal, Human Resource Management,Support Services and Inspection and Audit. The circleoffices have commenced functioning effective from May

1, 2012.

11. Advertisement and Publicity

11.1 During the year, concerted efforts were made for brandand image building of the Bank. The Bank continued todisseminate messages on its products, services, interestrates and its performance to the customers, shareholdersand the general public through advertisements and


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12.1 31 _ m 20 13 H $mo g _ m d f h o w ~ $ H $m H w$ j /A jH $a U 15.8 7 m m m mo { V `43136 $am o > ah m ~ { ${ N b o d f H o$ X mam ` h 12.6 8 b m M m m mo g { V `38 0 39H $amo > W m& 31 m 20 13 H $mo g m d f H o$ { E H w$ am H $a g U 3.6 2 b m M m m m| |`49 19 H $amo > V H $ n h m O ~ { ${ N >b o d f B g r A d { H o$ X mam 2.30 b m M m m m| |`3139H $amo > ah m&

12.2 ~ $ Z o _ m 20 13 H $mo g _ m d f h o w g aH $mar H $mamo ma H o$A J ` .8 8 H $amo > H $s A m m H $s h O ~ { $ { N b o d f ` h`9 .9 5 H $amo > W r& B -n o | > H o$ m b o | ^ maV r [a d ~ $ mam H $ r Z H $mo`45 { M m m g o`12 { M m m H $a K Q >m o H o$

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12.3 d f o$ mam $ mam $s B w$ > B h b - Cma o , pM ~ mb A ma V { b Z mS w am m| | am d > H $s CJ mh r e y $ H $aZ m,O w mB 20 12 g o aj m n | Z am| H $mo n | Z H $s A m b mB Z A X m J r e w $H $aV o $m m}ao > $m m | o$ r $ | Z $ { >V $aZ m maZ B n | Z U mb r A ma mb -^ m >o H o$ B -n o | > H o$ {b E ^ maV r ao d og o A Z w mo Z m H $aZ m, B Z C m m| H $m e w ma H $aZ o H $s { $ mO mar h & >

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publicity in newspapers, periodicals, TV channels, FMradio stations, hoardings, translites, website, ATMs etc.

12. Government Business

12.1 The total Direct/Indirect tax collections of the Bankfor the year ended 31st March 2013, reached`43136

crore from 15.87 lakh challans, as compared to`38039crore from 12.68 lakh challans collected during thecorresponding period last year. The total State taxcollections for the year ended 31st March 2013 reached`4919 crore from 3.62 lakh challans, as compared to`3139 crore from 2.30 lakh challans collected duringthe corresponding period last year.

12.2 The Bank has earned an aggregate income of`8.88crore under Government Business during the FY endedMarch 2013 as against`9.95 crore earned during thecorresponding previous year. The downward revisionof commission by the Reserve Bank of India in case

of e-payments from`45 per challan earlier to`12 perchallan impacted the income generated out of taxcollection.

12.3 Some of the new initiatives undertaken by the Bankduring the year are - commencement of collection ofState VAT in the States of Uttar Pradesh, West Bengaland Tamil Nadu, Setting up of the Centralised PensionCell at Corporate Office commencing online paymentof pension to defense pensioners effective from July2012 and Obtention of approvals from Indian Railwaysfor taking up New Pension System and e-payment offreight and the process is on to launch these products.

13. Corporate Social Responsibility:

13.1 As a responsible Corporate citizen, the Bank initiatedseveral welfare measures aiming at the under privilegedsection of the society in fulfillment of its commitmentto social priorities, during the financial year 2012-13.

13.2 Support to Societal Concerns:

13.2.1 Assistance to Charitable Institutions:The Bank, on the occasion of its 108th Foundation Day,extended financial support by way of Donations to thefollowing institutions involved in the service of thesociety:

a) Bhagwan Mahaveer Vikalang Sahayata Samiti,Jaipur, towards providing artificial limbs, calipersand other aids and appliances, free of charge to thedisabled who are below the poverty line.


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22

l r A O H w$ ma, A j E d { X o H $ J d m h m ra { H $ m

g h m V m g { { , O n wa H $mo X g b m n E H $m X m m H $aV o h &Shri Ajai Kumar, CMD, handing over a donation of Rupees TenLakh to Bhagwan Mahaveer Viklang Sahayata Samiti, Jaipur.

I ) { d o $m { j m o$ , am m $mo r /J ar r ao m o$ r oah ah o n [ad mam| H o$ 10 8 g m m{ H $ $ g o { N > >o { m{ m|H $mo w V { j m, g y { $m , { $ m |, m ^ mo Z A m{ X o oH o$ { E g h m V m&

J ) ^ maV r { m d Z , b ya H $mo, A n Z o d Z H o$ aI aI m V W m e { H $ E d g m ${ H $ { $ m $ m m | H $mo A { H $ m r V ar o$ o $aZ o o$ { E V m m ma^ y aM Z m $m C ZH $aZ o h o w&

b) Vivekananda Education Centre, Hyderabad, tosupport 108 socially backward students belongingto under-privileged/below poverty line families toprovide free education, uniforms, books and midday meals etc.

c) Bharatiya Vidya Bhavan, Mangalore, towardsmaintenance of its building and upgrading of theexisting infrastructure to carry out the educationaland cultural activities more productively.

l r O w$ ma, j d { X o H $ 15 J V 20 12 $mo d V V m{X d g H o$ A d g a n a maV r ao d o- b y a g | b ao d o Q >o Z H $mo h rb -

M o a X o o h &Shri Ajai Kumar, CMD, presenting Wheel-Chairs to IndianRailways Mangalore Central Railway Station on the occasionof Independence Day on 15th August 2012.

13.2.2 $ mam m{ V Jm r n w H $m ` mo H $mo n w H $m| H $sA m y{ : A n Z o e V m X r g _ mamo H o$ m H o$ $ _ o ~ $ Z o

W m r J m r n m V mo/e { H g W m mo H o$ g h ` mo g o X o -^ a H o$ A { { Y m[aV J m r H o$ m| | J m r km H o$ H o$ $ | { H ${ V H $aZ o h o w 10 0 J m r n wV H $m ` mo H $s W m Z mg o g { V n {a` mo Z m e w $ H $s W r& 1 0 J m r n w H $m ` moH $s W m Z m H o$ g m g h mo M w $s B g n {a` mo Z m H $mo J m r mo $m m| g o A N r { { $ m m h w h & d f 20 12-13 H o$X mam B Z _ o g o h ao $ n wV H $m ` H $mo ~ $ Z o`10 , 0 0 /- H $s A { [a $ n w H $mo H $s A m y{ H $s h & A m y{ H $s J B n w H $m| H $sH w$ am{ `10 b m h &

13.2.2 Supply of Books to Rural Libraries set up by theBank:As part of its Centenary celebrations, the Bankhad launched the project of setting up 100 rurallibraries at identified rural centres across the country inassociation with local Village Panchayats/EducationalInstitutions, to be developed as Rural KnowledgeCentres, The Project which culminated with the settingup of 100 rural libraries, has been well received by therural users. The Bank supplied additional sets of books

worth`10,000/- to each of these libraries during theyear 2012-13. Aggregate value of the books supplied

was`10 lakh.


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l r O w$ ma, j d {Z X o H $ rE g A ma S > $m o , w B |""H o$[a H $ Z r A d m '' m H $aV o h &Shri Ajai Kumar, CMD, receiving Caring Companies Awardsat CSR World Congress, Mumbai

13.2.3 H $m m}ao > m m{ H $ m{ d o$ Y r h b :x { j m d m > H $ o a { n m Z | C $ >V m o w Z A m >r o$, wa $

H o$ l o > { d V m N >m H $mo ~ $ mam ""H $m $ d U n X H $ n waH $ma'' m { $ m J m&

x ~ $ o$ 10 8 d | W m Z m { d g mamo o$ { b { b o | ^ r Z V m $mo{Z e wH $ d m O m g w{d Y mE mZ H $aV o h X o ^ a | 30 0 g oA { H $ "d o Z g H $ ' A m mo{ V { $ &

13.2.3 Other CSR initiatives:

s h#ORP"ANK'OLD-EDAL!WARDvWASGIVENBYTHE"ANKTOthe Best Outgoing Student 2011-12 of NITK, Surathkal, asa mark of recognition of excellence in academics and extra-curricular performances.

s !SPARTOFth Foundation Day, the Bank organized morethan 300 Wellness Camps across the country, providingfree health check-up facilities for all the people.

x $aV ar m| $mo { : wH $ a $ o o o$ { E $ o W m r o{ >H $H $m o m| o$ h mo o n Z o m $m m ma m { H $ $m m m| | a $ m { { a A m mo{ V { $ &

x ~ $ Z o { { H w$ m J mo $ b ~ , b y a | w m J mo $ o{ m| H o$ { E $s g a H $ A m mo{ V { $ m A ma V r { ^ m m w m m| H $mo E H $d f H o$ C { j U h o w ~ $ Z o m mo{ V { $ m&

s "LOOD$ONATION#AMPSWEREORGANIZEDBYTHE"ANKATITSHead Office and Zonal Offices, in co-ordination with thelocal medical colleges, to provide free blood to the needypatients.

s 4HE"ANKORGANIZED AFREE3UMMER#AMPFOR THEYOUNGGolf enthusiasts at Pilikula Golf Club, Mangalore andthree promising youngsters were sponsored by the Bank forpursuing higher training for one year.

l r O w$ ma, j d { X o H $ m r r o$ d g a a $m m}ao > H $m m | A m mo{ V a $ m { { a |&Shri Ajai Kumar, CMD, at the Blood Donation Camp organizedby the Bank on the occasion of Gandhi Jayanti at CorporateOffice.

l r A O H w $ ma, A j E d { X o H $ b y a | A m mo{ V d S h mQ > S >o aZ | mJ b o o h &Shri Ajai Kumar, CMD participating in the World HeartDay Run Organized in Mangalore.


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13.3 The Bank has also involved itself with severalinitiatives in the field of Education, Development ofinfrastructure, Rural development, Health and Hygieneand Promotion of Art and Culture. The Bank supportedmany institutions who have been serving the Destitute,Orphans, Senior citizens and Special Children, etc. by

funding the rehabilitation projects during the year.

13.4 Corporation Bank Self Employment TrainingInstitute [COBSETI]

The Corporation Bank Self Employment TrainingInstitute, established on 22.03.1996 in Chikmagalur,is an institute sponsored by the Bank to cater to thetraining needs of the rural un-employed youth hailingfrom the districts of Chikmagalur and Kodagu, wherethe Bank has the Lead Bank responsibility. The trainingis imparted free of cost with free boarding and lodging tothe trainees. The trained youths are also assisted in getting

credit facilities from banks to set up self-employmentventures. 23719 candidates have been trained in theinstitute since inception. 9323 candidates were trainedunder regular EDPs, of which 6233 have settledindicating a success rate of 67%. The Bank has incurredan expenditure of`17.01 lakh during the year of which`13.40 lakh has been reimbursed by NABARD/Govt./ZPs etc. The Bank has established one more COBSETIat Kodagu which has started functioning from the BanksLead Bank Office at Madikeri. The Bank has approveda financial grant of`1.07 crore for construction of thebuilding and providing amenities to the Kodagu unit.The institute is managed by Governing body at apex level

and local advisory committee at local level. COBSETI,Chikmagalur has been graded as A+ Training Instituteby the Ministry of Rural Development, Government ofIndia for the year 2012.

13.5 Corporation Bank Economic DevelopmentFoundation [CBEDF]

The Corporation Bank Economic DevelopmentFoundation a non-profit economic outfit Trust waslaunched in the year 1992 and continues to fulfill itssocial obligation in tune with corporate mission. Theobjective of the trust is to carry out or assist in carrying out

economic development activities to help people realizetheir full potential for economic advancement, socialdevelopment and to raise quality of their life. Financialgrants to the extent of`92.87 lakh were disbursed forexecution of more than 12 projects of social concernsduring the year 2012-13. The areas of assistance includedproviding of vehicle for Mid day meal project of AkshayaPatra Foundation, providing life saving equipments toGovernment hospitals/Red Cross Society, infrastructure

13.3 ~ $ Z o { j m, T m m V { H $m , J m r { H $m , m ` E d d N V m, H $ m E d g H ${ H $mo mo m Z g o O w r { { n h b mo_ o g h ^ m{ V m ^ r H $s h & ~ $ Z o H $ X r -h r , A Z m mo, d {aRZ m {aH $mo A ma { e o ~ M mo A m{ H $s g o m H $aZ o d m r H $ g W m mo $mo CZ H $s w d m {a` mo Z m mo $mo { mr h m V m o o

h w g _ W { ` m&

13.4 H $m moaoeZ $ amo Jma {ej U m(g r mo rE B r m )

{ H $ J b ya | 22.0 3.19 9 6 $mo W m{ V $m moao Z d amo J ma{ j U g W m (g r mo r g B r m ) ~ $ mam m mo{ V E H ${ j U g W m h & h g W m { H $ J b ya A ma H $mo J w { b moH o$ ~ oamo J ma w H $mo H $s ` m g m{ H $ { j U A m ` H $ m mo H $mon yam $aV m h m $ $mo J r $s { o mar & { j U{ wH { ` m m m ma { j U d { o mam C_ r d mamoH $mo ah Z o E d I m o H $s { wH $ ` d m H $s O m r h & { { V

w H $m| H $mo d { mo Z C W m{ V H $aZ o H o$ { E ~ $m| g o F $g w{ Y m m H $aZ o | r X X X r O m r h & ma g o b o $a 2371 C r d mamo H $mo { { V { $ m h & { { V B >r r H o$A J 9 323 C r d mam| H $mo { { V { $ m J m { g _ o g o6 233 ~ g J E h , O mo 6 7% g \ $ V m H $s X a X e m m h & ~ $ Z od f H o$ X mam `17.0 1 b m H $m { $ m h { g | Z m m >/g aH $ma/{ b m n m V A m{ mam `13.40 b m H $s { n y { H $s J B & ~ $ Z o H $mo >J w | E H $ A ma d amo J ma { j U g W m m{ V { $ m { g Z o { > o$ar | $ o$ J r $ $m m | $m H $m w $ { $ m & $ o $mo >J w H $m o$ { E d Z o${ m h o w A ma g w{ Y m m H $aZ o H o$ { E `1.0 7 H $amo > H o$

{ mr Z w m $m Z w mo Z { $ m & g W m $m Z r V a n a e mg r { Z H $m A ma W mZ r V a n a W mZ r g b mh H $mag { { mam { $ m O m m h & H $m m}ao Z ~ $ { mo Z { j Ug W m , { H $ J b ya H $mo J m r { H $m m ^ maV g aH $ma Z od f 20 12 H o$ {b E E + { j U g m H $m X O m { m h &

13.5 $m moaoeZ $ m{ $ { H $m

H $m moao Z ~ $ A m{ $ { H $m _ (n ) H $mo ~ $ H $s E H $ b m -a{ V A m{ $ B H $m H o$ $ _ o d f 19 9 2 _ o e w { $ m J ` m W mA ma d h A n Z o g m_ m{O H $ X m{` d H $moo {Z ^ mV o A m ah m h & B g mgH $m C o A m{ $ C { , g m m{ H $ { H $m H o$ { E A n Z r n y

j V m H $m O Z V m H $mo A m m H $am o V W m CZ H o$ O r Z -V a H $mog w maZ o H o${ E A m{ $ { H $m { $ m $ m H $aZ m A ma H $aZ o | X X X o m h & d f H o$ X mam g m m{ H $ g amo $ma H $s 12 g o A { H $n {a` mo Z m mo H o$ { n m Z h o w `9 2.8 7 b m H o$ { mr A Z w m { V [aV { $ J E & { mr d f H o$ X mam g h m V m m { $ J Ej omo | A j n m $mC >o Z H $s m ^ mo Z n [a mo Z m H o$ {b Ed m Z X o m, g aH $mar A n V m m|/ao > H $m g mo m > r H o$ O r Z aj H $Cn H $aU o m, m ma^ y aM Z m w{ Y m o H y$ m| $mo d N > o


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facilities such as clean drinking water, health and sanitaryto schools, class rooms to schools, furniture, Ambulancefor NGOs for relief measures to Endosulphan affectedvictims in Kerala etc.

13.6 Gramina Abhyudaya Financial Literacy and Credit

Counseling Trust [GAFLCC Trust]13.6.1 Based on the directions of the Reserve Bank of India

to form the model scheme on Financial Literacy andCredit Counseling, the bank established Gramina

Abhyudaya Financial Literacy and Credit CounselingTrust[GAFLCC Trust] for Establishment of FinancialLiteracy-cum-Credit Counseling Centres[ FLCCs]at various locations. The scheme envisages educatingpeople who are yet to avail the Banking services, aboutthe usefulness of the Bank account for all their economicneeds and empowerment. As on 31.03.2013 GAFLCCTrust has established 4 District level and 11 Block level

FLCC centers as detailed below:

O b , d m E d m Z g w{ Y m, H y $ m| H o$ { E b m $ ,H o$ab | >mo $m o m{ V mo m| o$ am V Cn m m| o$ { E a-g aH $mar g R >Z m| H $mo $ u a E w | A m{ e m{ b h &

13.6 Jm r A w { mr g m a m A ma F $ n am e m (O rEE $E g r r >)

13.6 .1 { mr g m aV m A ma F $ n am e h o w E H $ A m e mo Z m ~ Z m o H o${ E maV r [a d $ o m { X o m| o$ m ma a $ o { { H o$ m| | "{ mr g m aV m-g h -F $ n am e H o$ ' (E $ b g rg r)W m{ V H $aZ o H o$ { E Jm r A w { mr g m a m A maF $ n am e m (O rEE $E g r r Q >) H $s m Z m H $s& C $ mo Z m | E o o b mo m| H $mo, A m{ $ A m H $ m m| E d g e $s $aU H o$ { E ~ $ I m o H $s Cn mo{ V m H o$ ~ mao | { { VH $aZ m n [aH $pn V h { m| o A ^ r V H $ ~ q $ g o m Z h t b r h &31.0 3.20 13 V H $ H $s pW { H o$ A Z w ma O r E $ b g r r Q Q > Z o{ Z { d aU H o$ A Z w ma 4 { b m V ar A ma 11 b m $ V ar

E $ b g r r H o$ W m{ V { $ h :H $ m $Sl.No.

H $m m /H o$ /{ b mOffice/ center/ District

mPlace

I mo Z o $s marDate of opening

1. n r $ H $m m Registered Office CS w{n Udupi 18.08.2011

{ b m ar E $E g r r District level FLCCs1. { H $ J b ya { b mChikmagalur Dist. { H $ J b yaChikmagalur 22.11

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